
IDB68DGG>:CI:H =6<6 >CHI6A6G JC
IDB68DGG>:CI:H 69:8J69D EDG
JC:A:8IG>8>HI6 86A>;>869D D 7>:C =6<6
86B7>6G :A 867A: EDG JCD 69:8J69D
6JIDG>O69D E6G6 :A JHD 8DC :A H:869DG
*&("\

A H:869DG 9:7: 8DC:8I6GH:
6JCG6B6A >C9>K>9J6A 9:A 8>G8J>ID
:Af8IG>8D B:9>6CI: JC :C8=J;: FJ:
=6 H>9D 9:7>96B:CI: 8DC:8I69D 6A
HJB>C>HIGD 9: :C:G<h6 :Af8IG>86 N 6
I>:GG6
A KDAI6?: 9:A 9DB>8>A>D 9:7:
8DGG:HEDC9:G 6 6FJfA 9: A6H
:HE:8>;>868>DC:H 9:A H:869DG 8=6E6 9:
86G68I:GhHI>86H
%6 8=6E6 9: 86G68I:GhHI>86H
A6:C8DCIG6Gb :C A6 E6GI: >CI:G>DG
9:AE6C:A ;GDCI6A
%6H :HE:8>;>868>DC:H 9: A6 8DC:M>kC 6A
><J6A FJ: ADH ;JH>7A:H C:8:H6G>DH H:
:HE:8>;>86C :C A6 EA686 9:
>9:CI>;>868>kC 9:A :A:8IGD9DBfHI>8D
H:<nG:H: FJ:
:A :C8=J;: 9: 6A>B:CI68>kC
8DGG:HEDC96 6A :C8=J;:
:A 867A: 9: 6A>B:CI68>kC :H
69:8J69D 6A H:869DG
:A H>HI:B6 9: EJ:HI6 : I>:GG6 :HIf
8DGG:8I6B:CI: >CHI6A69D
A 867A: 9: 6A>B:CI68>kC 9:7:
G::BEA6O6GAD :M8AJH>K6B:CI:
JC:A:8IG>8>HI6
A H:GK>8>D 6 8A>:CI:H 9>HEDC: 9:867A:H
E6G6 :A G:86B7>D
+(0/ #.06 ),#.#/ 0'+/
  
>=4G8X= 34 60B
*&("\

)+ /"-+
")%" +(  1)%(,"(',
.I>A>8: JC6 AhC:6 9: <6H CJ:K6
6EGD7696 EDG   D , E6G6
A66A>B:CI68>kC
"CHI6A: JC6 KbAKJA6 9: E6HD
,J?:I: ;>GB:B:CI: ID96H A6H
8DC:M>DC:H 9: <6H
!6<6 8DCIGDA6G EDG E:GHDC6A
86A>;>869D FJ: A6 EG:H>kC 9: <6H CD
:M8:96 >C0 @)6
 EH><  , '-.+% ( ,
)+()'(
.C :?:BEAD 9: E:GHDC6A 86A>;>869D
>C8AJN:
 E:GHDC6A 6JIDG>O69D 9:
86A:;688>kC
 E:GHDC6A 9: EGDK::9DG 9: <6H
6JIDG>O69D
 E:GHDC6A 9: H:GK>8>D 6JIDG>O69D
6AA6H :C :HIDH 86HDH EJ:9:C
86JH6G :MEADH>DC:H D ;J:<D
S):A><GD 9: BJ:GID D A:H>DC:H
:7: 8DCIGDA6GH: FJ: CD =6N
EfG9>96H :C ID96H A6H AhC:6H 6CI:H
9: EDC:G :C ;JC8>DC6B>:CID :A
:A:8IGD9DBfHI>8D EA>FJ: 6<J6
?67DCDH6 :C A6H JC>DC:H N 8DCIGDA:
H> H: ;DGB6C 7JG7J?6H CJ:K6H
S[HI6H H:j6A6C A6H EfG9>96H
J6C9D >CHI6A: A6 6A>B:CI68>kC 9: <6H
6A IJ7D 9: >C<G:HD 9: <6H 9:A H:869DG
CD :M8:96  A7; >C  'B
*&("\

'JC86 JH: JC6 AA6B6 67>:GI6 E6G6
9:I:GB>C6G EfG9>96H 9: <6H
(8? 34 60B
HI: H:869DG 9: <6H 8J6C9D :FJ>E69D
E6G6 :A JHD 8DC , '-.+%
:BEA:6Gb JC I6B6jD 9: DG>;>8>D  N
I>:C: JC6 EG:H>kC 9: H6A>96 9: <6H 9:
 :C 0 HI: H:869DG 9:A <6H
8J6C9D :FJ>E69D E6G6 :A JHD 8DC ,
9: )+()'( :BEA:6Gb JC I6B6jD 9:
DG>;>8>D  BB N I>:C: JC6 EG:H>kC 9:
H6A>96 9: <6H 9:  :C 0
,J H:869DG 9:7: I:C:G A6 KbAKJA6
69:8J696 E6G6 :A I>ED 9: <6H FJ: I>:C:
:C HJ =D<6G %6 >C;DGB68>kC G:;:G:CI: 6
A6 KbAKJA6 H: :C8J:CIG6 :C A6 8=6E6 9:
86G68I:GhHI>86H 9:IGbH 9: A6 EJ:GI6
9:76?D 9:A DG>;>8>D 9: A6 B>HB6
,> A6H >C9>868>DC:H 6CI:9>8=6H CD
8DC8J:G96C 8DC :A I>ED 9: <6H
69>HEDH>8>kC 8DCHJAI: 8DC HJ
K:C9:9DG D 7>:C CJ:HIGD :FJ>ED 9:
H:GK>8>D 6 8A>:CI:H K:GEb<>C6
V=40 34 0;8<4=C028X= 34 60B
,: G:8DB>:C96 JC IJ7D 9: 9:
9>bB:IGD >CI:G>DG
,: 68:EI6 JC IJ7D 9:  :C
ADC<>IJ9:H >C;:G>DG:H 6 AD  ;I B H>
AD E:GB>I:C A6H G:<A6B:CI68>DC:H
AD86A:H N :A EGDK::9DG 9: <6H
%6 AhC:6 9:7: EDH::G JC6 67:GIJG6 9:
>CHE:88>kC 9: 8DC I6E6
>CB:9>6I6B:CI: 6CI:H 9: A6 8DC:M>kC
9: <6H
:7: >CHI6A6GH:
= )'
JC6 KbAKJA6 9: E6HD B6CJ6A 9:CIGD
9: ADH  ;I  B 6CI:H 9:A
H:869DG H:<nC :A '6I>DC6A J:A
D9: '," 3
= 0=03P
JC6 KbAKJA6 9: E6HD B6CJ6A 9:
68J:G9D 8DC :A  9:A
"CHI6A6I>DC D9: ',
 N ',  ,:
G:8DB>:C96 >CHI6A6G JC6 KbAKJA6 9:
E6HD B6CJ6A 9:CIGD 9: ADH ;I 
B 6CI:H 9:A H:869DG
 Z !S;2. 12 4.@ 12
 Z +M9CB9. 12 =.@< =.?. 4.@
 Z /2?AB?. 12 6;@=2006V; 0<; A.=. 12
 Z <;2E6V; .1.=A.1<?. 12
 Z <;20A<? 12 4.@ 392E6/92 12
5.06. 29 @20.1<?
%6 KbAKJA6 9: E6HD 9:7: H:G 9: ;b8>A
688:HD E6G6 A6 6E:GIJG6 N :A 8>:GG:
">C0
A H:869DG 9:7: ;JC8>DC6G
8DGG:8I6B:CI: H>:BEG: FJ: H:
>CI:GGJBE: A6 8DC:M>kC 9: <6H
(D1> 34 60B ?0A0 4; B4203>A
A IJ7D 9: <6H FJ: H6A: 9: A6 E6GI:
EDHI:G>DG 9:A H:869DG :H 9:A I>ED B68=D
9: 