5CHGV[

VJG*#%#EVKUVQGPUWTGTGCUQPCDNGCEEGUUVQVGNGEQOOWPKECVKQPUUGTXKEGUHQTRGTUQPUYKVJJGCTKPI
FKUCDKNKVKGU
9JKNGUQOGYKTGNGUURJQPGUCTGWUGFPGCTUQOGJGCTKPIFGXKEGUJGCTKPICKFUCPFEQEJNGCTKORNCPVU
WUGTUOC[FGVGEVCDW\\KPIJWOOKPIQTYJKPKPIPQKUG5QOGJGCTKPIFGXKEGUCTGOQTGKOOWPGVJCP
QVJGTUVQVJKUKPVGTHGTGPEGPQKUGCPFRJQPGUCNUQXCT[KPVJGCOQWPVQHKPVGTHGTGPEGVJG[IGPGTCVG
6JGYKTGNGUUVGNGRJQPGKPFWUVT[JCUFGXGNQRGFCTCVKPIU[UVGOHQTYKTGNGUURJQPGUVQCUUKUVJGCTKPI
FGXKEGWUGTUVQ¿PFRJQPGUVJCVOC[DGEQORCVKDNGYKVJVJGKTJGCTKPIFGXKEGU0QVCNNRJQPGUJCXG
DGGPTCVGF2JQPGUVJCVCTGTCVGFJCXGVJGTCVKPIQPVJGKTDQZQTCNCDGNNQECVGFQPVJGDQZ
6JGTCVKPIUCTGPQVIWCTCPVGGU4GUWNVUYKNNXCT[FGRGPFKPIQPVJGWUGTUJGCTKPIFGXKEGCPFJGCTKPI
NQUU+H[QWTJGCTKPIFGXKEGJCRRGPUVQDGXWNPGTCDNGVQKPVGTHGTGPEG[QWOC[PQVDGCDNGVQWUGC
TCVGFRJQPGUWEEGUUHWNN[6T[KPIQWVVJGRJQPGYKVJ[QWTJGCTKPIFGXKEGKUVJGDGUVYC[VQGXCNWCVGKV
HQT[QWTRGTUQPCNPGGFU
/4CVKPIU2JQPGUTCVGF/QT/OGGV(%%TGSWKTGOGPVUCPFCTGNKMGN[VQIGPGTCVGNGUU
KPVGTHGTGPEGVQJGCTKPIFGXKEGUVJCPRJQPGUVJCVCTGPQVNCDGNGF/KUVJGDGVVGTJKIJGTQHVJGVYQ
TCVKPIU
64CVKPIU2JQPGUTCVGF6QT6OGGV(%%TGSWKTGOGPVUCPFCTGNKMGN[VQIGPGTCVGNGUUKPVGTHGTGPEG
VQJGCTKPIFGXKEGUVJCPRJQPGUVJCVCTGPQVNCDGNGF6KUVJGDGVVGTJKIJGTQHVJGVYQTCVKPIU
*GCTKPIFGXKEGUOC[CNUQDGTCVGF;QWTJGCTKPIFGXKEGOCPWHCEVWTGTQTJGCTKPIJGCNVJRTQHGUUKQPCN
OC[JGNR[QW¿PFVJKUTCVKPI*KIJGTTCVKPIUOGCPVJCVVJGJGCTKPIFGXKEGKUTGNCVKXGN[KOOWPGVQ
KPVGTHGTGPEGPQKUG6JGJGCTKPICKFCPFYKTGNGUURJQPGTCVKPIXCNWGUCTGVJGPCFFGFVQIGVJGT#UWO
QHKUEQPUKFGTGF���CEEGRVCDNGHQTPQTOCNWUG#UWOQHKUEQPUKFGTGFHQTDGUVWUG
+PVJGGZCORNGVQVJGNGHVKHCJGCTKPICKFOGGVUVJG/NGXGNTCVKPICPFVJG
YKTGNGUURJQPGOGGVUVJG/NGXGNTCVKPIVJGUWOQHVJGVYQXCNWGUGSWCN/
6JKUUJQWNFRTQXKFGVJGJGCTKPICKFWUGTYKVJ³PQTOCNWUCIG´YJKNGWUKPIVJGKT
JGCTKPICKFYKVJVJGRCTVKEWNCTYKTGNGUURJQPG³0QTOCNWUCIG´KPVJKUEQPVGZVKU
FG¿PGFCUCUKIPCNSWCNKV[VJCV¶UCEEGRVCDNGHQTPQTOCNQRGTCVKQP