2NC[CDNGFKUEU

6JKUWPKVECPRNC[VJGHQNNQYKPIFKUEU
Ŗ ;QWECPPQVRNC[FKUEUQVJGTVJCPVJQUGNKUVGFCDQXG
Ŗ ;QWECPPQVRNC[FKUEUQH&8&4#/&8&41/%&
 41/2JQVQ%&GVEQTPQPUVCPFCTFK\GFFKUEUGXGP
 KHVJG[OC[DGNCDGNGFCUCDQXG
Ŗ 5QOG%&449UECPPQVDGRNC[GFDCEMFGRGPFKPI
 QPVJGTGEQTFKPIEQPFKVKQPU
Ŗ 6JKUWPKVWUGUVJG065%EQNQTU[UVGOCPFECPPQV
 RNC[&8&XKFGQFKUEUTGEQTFGFKPCP[QVJGTEQNQT
 U[UVGO2#.5'%#/GVE
Ŗ 6JKUWPKVECPPQVRNC[CPEOFKUE2NGCUGFQPQVWUGC
 FKUECFCRVGT+VOC[ECWUGVTQWDNG
Ŗ 2NGCUGFQPQVKPUGTVCP[FKUEQHCPKTTGIWNCTUJCRGKPVQ
VJGWPKVCUKVOC[KPVGTHGTGYKVJVJGHWPEVKQPQHVJGWPKV
 ;QWOC[PQVDGCDNGVQTGOQXGKV
Ŗ 2NGCUGFQPQVWUGCHVGTOCTMGVCEEGUUQTKGUUWEJCUC
 TKPIRTQVGEVQTCUVJKUOC[ECWUGVTQWDNGYKVJVJG
 QRGTCVKQPQHVJGWPKV
$GECWUGQHRTQDNGOUCPFGTTQTUVJCVECPQEEWTFWTKPIVJG
ETGCVKQPQH&8&CPF%&5QHVYCTGCPFQTVJGOCPWHCEVWTG
QH&8&CPF%&FKUEU6QUJKDCECPPQVCUUWTGVJCVVJG
&8&RNC[GTEQPVCKPGFKPVJKU68YKNNUWEEGUUHWNN[RNC[
GXGT[FKUEDGCTKPIVJG&8&CPF%&NQIQU
+H[QWJCRRGPVQGZRGTKGPEGCP[FKHHKEWNV[RNC[KPIC&8&
CPFQT%&FKUEQPVJG&8&RNC[GTEQPVCKPGFKPVJKU68
RNGCUGEQPVCEV6QUJKDC%WUVQOGT5GTXKEG
KUCVTCFGOCTMQH&8&(QTOCV.QIQ.KEGPUKPI
%QTRQTCVKQP��

#DQWVVJKUQYPGTŏUOCPWCN

6JKUQYPGTŏUOCPWCNGZRNCKPUVJGDCUKEKPUVTWEVKQPUQHVJKU
WPKV5QOG&8&XKFGQFKUEUCTGRTQFWEGFKPCOCPPGT
VJCVCNNQYUURGEKHKEQTNKOKVGFQRGTCVKQPFWTKPIRNC[DCEM#U
UWEJVJGWPKVOC[PQVTGURQPFVQCNNQRGTCVKPIEQOOCPF
6JKUKUPQVCFGHGEVKPVJGWPKV4GHGTVQKPUVTWEVKQPPQVGUQH
FKUEU
6JGHQNNQYKPIU[ODQNOC[CRRGCTQPVJG68UETGGPFWTKPI
QRGTCVKQP
+VOGCPUVJCVVJGQRGTCVKQPKUPQVRGTOKVVGFD[VJG68&8&
QTVJGFKUE
(QTGZCORNGUQOGVKOGUKVKUWPCDNGVQUVQRVJGRNC[DCEM
QHEQR[TKIJVOGUUCIGQHVJGFKUEYJGPVJG5612Ƶ
DWVVQPKURTGUUGF#NVGTPCVKXGN[VJKUU[ODQNOC[CNUQ
KPFKECVGVJCVVJGHGCVWTGKUPQVCXCKNCDNGHQTVJGFKUE

0QVGUQPTGIKQPPWODGTU

6JGTGIKQPPWODGTQHVJKUWPKVKU+HTGIKQPPWODGTU
YJKEJUVCPFHQTVJGKTRNC[CDNGCTGCCTGRTKPVGFQP[QWT
&8&XKFGQFKUECPF[QWFQPQVHKPF
QT
#..
FKUE
RNC[DCEMYKNNPQVDGCNNQYGFD[VJGRNC[GT+PVJKUECUG
VJGWPKVYKNNFKURNC[COGUUCIGQPUETGGP
5QOG&8&UVJCVJCXGPQTGIKQPEQFGNCDGNOC[UVKNNDG
UWDLGEVVQCTGCTGUVTKEVKQPUCPFVJGTGHQTGPQVRNC[CDNG

1P8KFGQ%&U

6JKUWPKVUWRRQTVU8KFGQ%&UGSWKRRGFYKVJVJG2$%
8GTUKQPHWPEVKQP2$%KUVJGCDDTGXKCVKQPQH
2NC[DCEM%QPVTQN;QWECPGPLQ[VYQRNC[DCEMXCTKCVKQPU
FGRGPFKPIQPV[RGUQHFKUEU
Ŗ
8KFGQ%&PQVGSWKRRGFYKVJ2$%HWPEVKQP���8GTUKQP
5QWPFCPFOQXKGECPDGRNC[GFQPVJKUWPKVKPVJGUCOG
YC[CUC&8&
Ŗ
8KFGQ%&GSWKRRGFYKVJ2$%HWPEVKQP8GTUKQP
+PCFFKVKQPVQQRGTCVKQPQHC8KFGQ%&PQVGSWKRRGFYKVJ
VJG2$%HWPEVKQP[QWECPGPLQ[RNC[DCEMQHKPVGTCEVKXG
UQHVYCTGYKVJUGCTEJHWPEVKQPD[WUKPIVJGOGPW
FKURNC[GFQPVJG68UETGGP/GPW2NC[DCEM5QOGQH
VJGHWPEVKQPUFGUETKDGFKPVJKUQYPGTŏUOCPWCNOC[PQV
YQTMYKVJUQOGFKUEU

0QVGUQPEQR[TKIJV

6JGWPCWVJQTK\GFTGEQTFKPIWUGFKUVTKDWVKQPQTTGXKUKQP
QHEQR[TKIJVGFOCVGTKCNUKPENWFKPIYKVJQWVNKOKVCVKQP
VGNGXKUKQPRTQITCOUXKFGQVCRGUCPF&8&UKURTQJKDKVGF
WPFGTVJG%QR[TKIJV.CYUQHVJG7PKVGF5VCVGUCPFQVJGT
EQWPVTKGUCPFOC[UWDLGEV[QWVQEKXKNCPFETKOKPCNNKCDKNKV[
6JKURTQFWEVKPEQTRQTCVGUEQR[TKIJVRTQVGEVKQPVGEJPQNQI[
VJCVKURTQVGEVGFD[OGVJQFENCKOUQHEGTVCKP75RCVGPVU
CPFQVJGTKPVGNNGEVWCNRTQRGTV[TKIJVUQYPGFD[/CETQXKUKQP
%QTRQTCVKQPCPFQVJGTTKIJVUQYPGTU7UGQHVJKUEQR[TKIJV
RTQVGEVKQPVGEJPQNQI[OWUVDGCWVJQTK\GFD[/CETQXKUKQP
%QTRQTCVKQPCPFKUKPVGPFGFHQTJQOGCPFQVJGTNKOKVGF
XKGYKPIWUGUQPN[WPNGUUQVJGTYKUGCWVJQTK\GFD[
/CETQXKUKQP%QTRQTCVKQP
4GXGTUGGPIKPGGTKPIQTFKUCUUGODN[KURTQJKDKVGF
$QQM<KPFD
$QQM<KPFD
 

&KUE/CTM %QPVGPVU
&KUE
5K\G
/CZKOWO
RNC[DCEMVKOG
&8&
XKFGQ
FKUEU
#WFKQ
8KFGQ
OQXKPI
RKEVWTGU
EO
#RRTQZJQWTU
UKPINGUKFGFFKUE
#RRTQZJQWTU
FQWDNGUKFGFFKUE
8KFGQ
%&U
&+)+6#.8+&'1
#WFKQ
8KFGQ
OQXKPI
RKEVWTGU
EO
#RRTQZOKPWVGU
UKPINGUKFGFFKUE
#WFKQ
%&U #WFKQ
EO
#RRTQZOKPWVGU
UKPINGUKFGFFKUE
6JGHQNNQYKPIFKUEUCTGCNUQCXCKNCDNG
&8&449FKUEUQH&8&XKFGQHQTOCV
%&4%&49FKUEU QH%&&#8KFGQ %&/29/#
,2')QT&KX:sHQTOCV
-QFCM2KEVWTG%&CPF(7,+%1.14%&HQTOCV
5QOGQHVJGUGFKUEUOC[DGKPEQORCVKDNG
+PVTQFWEVKQP