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1SPCMÒNFTEFMBWBHF

7PVTUSPVWFSF[DJEFTTPVTMBMJTUFEFTDBVTFTFUTPMVUJPOTQPTTJCMFTQPVSSÏTPVESFEFTQSPCMÒNFT

EFMBWBHFDPNNVOT

-FMBWBHF'"*5%&41-*4EBOTMFMJOHF
-BMBWFVTFPVMBTÏDIFVTFFTUTVSDIBSHÏF
4ÏMFDUJPOOF[$3&"4"#-&4GSPJTTBCMFTDFRVJDIBOHFSBMFSJOÎBHFFUTÏMFDUJPOOFSBVOSJOÎBHF FO
QMVJFBJOTJRVVOFTTPSBHFQMVTMFOUFUQMVTDPVSU7PVTQPVWF[BVTTJDIBOHFSMBWJUFTTFEFTTPSBHF
SBQJEFEF5PVSTNJOVUFËUPVSTNJOVUF7PJS7JUFTTFNBYJNBMFEFTTPSBHFQBHF
/FMBJTTF[QBTEFMJOHFNPVJMMÏEBOTMBMBWFVTFPVMFQBOJFSËMJOHF TBMF
-FT5"$)&4/&1"35&/51"4
2VBOUJUÏJOTVGGJTBOUFEFEÏUFSHFOUQPVSMBUBJMMFEVDIBSHFNFOUPVMFOJWFBVEFTBMFUÏEV MJOHF
-BMBWFVTFFTUTVSDIBSHÏF
"VHNFOUF[MFOJWFBVTÏMFDUJPOOÏEBOTMPQUJPO)08%*35:
4ÏMFDUJPOOF[MBUFNQÏSBUVSFEVMBWBHFEBQSÒTMFUZQFEFUBDIF1BSFYFNQMFMFTUBDIFTEFCPVFFU
EFTBOHTPOUNJFVYÏMJNJOÏFTËCBTTFUFNQÏSBUVSFUBOEJTRVFMFTUBDIFTEFHSBJTTFQBS UFOUNJFVYË
UFNQÏSBUVSFQMVTÏMFWÏF
4ÏQBSF[MFTBSUJDMFTQFVUBDIÏTEFTBSUJDMFTUSÒTUBDIÏT-FMJOHFQFVUFO FGGFUTFUBDIFSBVDPOUBDUEF
MFBVEFMBWBHFTBMF
-FBVËCBTTFUFNQÏSBUVSFFTUQFVUÐUSFUSPQGSPJEF7PJS$PMEQBHF
-FTDIBSHFNFOUTEBSUJDMFTEFUBJMMFTWBSJÏFTTPOUNJFVYMBWÏTQBSFYFNQMFVODIBSHFNFOUFOUJFSEF
ESBQTOFMBWFSBQSPCBCMFNFOUQBTBVTTJCJFO-FBVDBMDBJSFOÏDFTTJUFEBVUSFQBSUQMVTEFMFTTJWF
-FMJOHFSFTTPSUBWFDEFT53"$&4/0*3&4PV(3*4&4
6OFBDDVNVMBUJPOEFEÏQÙUDBVTÏQBSMFDPOUBDUFOUSFMBTTPVQMJTTBOUFUMFEÏUFSHFOUQFVU TÏDBJMMFS
FUMBJTTFSEFTUSBDFTTVSMFMJOHFWPJSEÏQÙUEBTTPVQMJTTBOUQBHF
4JMOZBQBTTVGGJTBNNFOUEFEÏUFSHFOUQPVSMFOJWFBVEFTBMFUÏEVMJOHFDFMVJDJSJTRVFEF SFTTPSUJS
BWFDEFTUSBDFTHSJTFTWPJS%ÏUFSHFOUËMFTTJWFQBHF
$)"31*&
-BWF[MFMJOHFiEPOOFVSTEFQFMVDIFTwDPNNFMFTTFSWJFUUFTFUMFTESBQTÏQPOHFTÏQBSÏNFOUEV
MJOHFiDBQUFVSTEFQFMVDIFTwDPNNFMFTUJTTVTTZOUIÏUJRVFT
-BMBWFVTFFTUTVSDIBSHÏF
*MOZBQBTTVGGJTBNNFOUEFEÏUFSHFOUQPVSHBSEFSMBDIBSQJFFOTVTQFOTJPO
4ÏDIFSMFMJOHFQFOEBOUUSPQMPOHUFNQTEBOTMBTÏDIFVTFQFVUQSPWPRVFSVOFBDDVNVMBUJPO
EÏMFDUSJDJUÏTUBUJRVFEBOTMFTUFYUJMFTTZOUIÏUJRVFTRVJBUUJSFMBDIBSQJF
3²4*%6%&%²5&3(&/5
-BMBWFVTFFTUTVSDIBSHÏF
&TTBZF[EVUJMJTFSNPJOTEFEÏUFSHFOU
$FSUBJOFTEÏUFSHFOUEPJWFOUÐUSFQSÏEJTTPVUFTWÏSJGJF[MFTJOTUSVDUJPOTEFWPUSFEÏUFSHFOU
-BEÏUFSHFOUQFVUOFQBTTFEJTTPVESFDPSSFDUFNFOUEBOTEFMFBVGSPJEFËUFNQÏSBUVSFBNCJBOUF
QPVSMFTMBWBHFTËCBTTFUFNQÏSBUVSFPVMBHJUBUJPODPVSUF&TTBZF[EFQSÏEJTTPVESFMBEÏUFSHFOU
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