&216(59(=&(6,16758&7,216 
ZZZHOHFWURPHQDJHUVJHFD
$9(57,66(0(175LVTXHG·LQFHQGLH/·HVVHQFHDLQVLTXHG·DXWUHVVXEVWDQFHVHWOLTXLGHV
LQIODPPDEOHVDGKpVLIVVROYDQWVHWFHWOHVpPDQDWLRQVTX·LOVSURGXLVDQWVRQWH[WUrPHPHQW GDQJHUHX[1(3$6
PDQLSXOHU
XWLOLVHURXHQWUHSRVHUGHO·HVVHQFHRXG·DXWUHVVXEVWDQFHVLQIODPPDEOHVRXFRPEXVWLEOHVSUqV G·XQFKDXIIHHDX/·DUF
pOHFWULTXHjO·LQWpULHXUGHODFRPPDQGHGXFKDXIIHHDXSHXWDOOXPHUFHVpPDQDWLRQV /HPDQTXHPHQWjFHWWHGLUHFWLYH
SHXWHQWUDvQHUGHVGRPPDJHVPDWpULHOVGHVEOHVVXUHVRXODPRUW
$9(57,66(0(17
5LVTXHG·LQFHQGLH1(VWRFNH]3$6HW1·XWLOLVH]3$6G·HVVHQFHRXG·DXWUHVYDSHXUVHWOLTXLGHVLQIODPPDEOHVj SUR[LPLWp
GHFHWDSSDUHLORXGHWRXWDXWUH*DUGH]OHVFKLIIRQVHWFRPEXVWLEOHVj O·pFDUW

3285,167$//$7,216'$16/·e7$7'(&$/,)251,(

/HVORLVGHOD&DOLIRUQLHH[LJHQWTXHOHVFKDXIIHHDXUpVLGHQWLHOVVRLHQWIL[pV DQFUpVRXDWWDFKpVSRXUTX·LOVQHWRPEHQW
SDVHWTX·LOVUpVLVWHQWDX[PRXYHPHQWVKRUL]RQWDX[FDXVpVSDUOHVWUHPEOHPHQWVGH WHUUH3RXUOHVFKDXIIHHDX
UpVLGHQWLHOVG·XQHFDSDFLWpLQIpULHXUHjOLWUHVJDOORQVYRXVSRXYH]YRXV SURFXUHUXQHEURFKXUHDYHFGHV
LQVWUXFWLRQVJpQpULTXHVGHIL[DWLRQSRXUOHVWUHPEOHPHQWVGHWHUUHHQYRXVDGUHVVDQW j2IILFHRIWKH6WDWH$UFKLWHFW
36WUHHW6DFUDPHQWR&$RXYRXVSRXYH]WpOpSKRQHUDX RXGHPDQGHUjXQGLVWULEXWHXUGH
FKDXIIHHDX
&HSHQGDQWFHVRQWOHVFRGHVPXQLFLSDX[DSSOLFDEOHVTXLUpJLVVHQWO·LQVWDOODWLRQ3RXUOHV FKDXIIHHDXUpVLGHQWLHOVG·XQH
FDSDFLWpVXSpULHXUHjOLWUHVJDOORQVDGUHVVH]YRXVDX[DXWRULWpVPXQLFLSDOHVSRXU FRQQDvWUHOHVSURFpGXUHVGH
IL[DWLRQDFFHSWDEOHV
$YHUWLVVHPHQWHQYHUWXGHOD3URSRVLWLRQGHOD&DOLIRUQLH &HSURGXLWFRQWLHQWGHVSURGXLWVFKLPLTXHVFRQQXVGDQV
O·eWDWGH&DOLIRUQLHFRPPHFDXVDQWOHFDQFHUOHVPDOIRUPDWLRQVHWDXWUHVGpIDXWV GHQDLVVDQFH