50)3;:=-9A-1+051:
8=F48B4 IDA =CB>A6D=6 
-*9)<+0:)53-1;<5/ +<F4;CB27DCI
)?0A78=F48B4 
;;64<48=4 )8274A748CB78=F48B4 
0B 8BC 7A4 -0B27<0B278=4 
,>A 34< 4ABC4= -0B274= 
-RB274 E>A14A48C4= B>AC84A4=
D=3
48=;464= 
-0B27V D=3 '5;464<8CC4; 
'A>6A0<<4 D=3 D=:C8>=4= 
-0B274= 
%027 1;0D5 34B 'A>6A0<<B 
4B>=34A4 =F4=3D=64= 
(48=864= D=3 '5;464= 
8;54 148 :;48=4= )CSAD=64= 
,4A1A0D27BF4AC4 
"D=34=384=BC 
D5BC4;;4= =B27;84Q4= D=3
*A0=B?>AC84A4= 
<.:;-33)53-1;<5/


$8C 34< "0D5 7A4A =4D4= -0B27<0B278=4 7014= )84
B827 5TA 48= <>34A=4B @D0;8C0C8E 7>27F4AC864B 0DBV
70;CB64ARC 4=CB278434=
7A4 -0B27<0B278=4 I4827=4C B827 3DA27 48=4= B?0AV
B0<4= ,4A1A0D27 0= =4A684 -0BB4A D=3 -0B27<8CV
C4; 0DB
!434 -0B27<0B278=4 384 D=B4A -4A: E4A;RBBC F8A3
B>A65R;C86 0D5 D=:C8>= D=3 48=F0=35A484= /DBC0=3
64?AT5C 48 A064=  8=B14B>=34A4 ID< D5BC4;;4=
D=3 =B27;84Q4= 34A -0B27<0B278=4  BC47C 7=4=
D=B4A "D=34=384=BC 64A=4 IDA ,4A5T6D=6
-48C4A4 =5>A<0C8>=4= D=3 48=4 DBF07; D=B4A4A
'A>3D:C4 58=34= )84 0D5 D=B4A4A =C4A=4CB48C4
7CC?

FFF B84<4=B 34
70DB64A04C4

#4B4= )84 384B4 41A0D27BV D=3 D5BC4;;0=;48CD=6

D=3 0;;4 0=34A4= 34A -0B27<0B278=4 148646414=4=
=5>A<0C8>=4= D=3 70=34;= )84 4=CB?A4274=3
84B4 41A0D27BV D=3 D5BC4;;0=;48CD=6 14B27A481C
E4AB278434=4 $>34;;4 D5 384 +=C4AB278434 F8A3 0=
34= 4=CB?A4274=34= )C4;;4= 78=64F84B4=
4F07A4= )84 0;;4 +=C4A;064= 5TA B?RC4A4= 41A0D27
>34A 5TA %02714B8CI4A
V8= 0D5


15>-1:- A<9 5;:69/<5/
7A =4D4B 4ARC FDA34 0D5 34< -46 ID 7=4= 3DA27
5;:69/-5 ,-9 384 ,4A?02:D=6 64B27TCIC ;;4 48=64B4CIC4= $0C4A80V
&-97)+2<5/ ;84= B8=3 D<F4;CE4ACAR6;827 D=3 F8434A E4AF4AC10A
8CC4 74;54= )84 <8C D=3 4=CB>A64= )84 384 ,4A?02:D=6
D<F4;C64A427C
P14A 0:CD4;;4 =CB>A6D=6BF464 8=5>A<84A4= )84 B827
18CC4 148 7A4< 0277R=3;4A >34A 148 7A4A 4<48=34V
E4AF0;CD=6
 9:;1+2<5/:/-.)09
,4A?02:D=6 D=3 34A4= *48;4 =827C "8=34A= T14A;0BV
B4= ABC82:D=6B64507A 3DA27 >;84= D=3 0;C:0AC>=B
;C64ARC4 B8=3 :48= F4AC;>B4A 150;; DA27 D<F4;CV
5;:69/-5 ,-: 64A427C4 =CB>A6D=6 :S==4= F4ACE>;;4 (>7BC>554
3;/-9C;-: F8434A64F>==4= F4A34=
 -*-5:/-.)09
48 0DB64384=C4= 4ARC4= %4CIBC42:4A I8474= %4CIV
:014; 3DA27CA4==4= D=3 <8C 34< )C42:4A 4=C54A=4=
)27;>BB 34B 8=5T;;54=BC4AB I4ABCSA4= )84 E4A78=34A=
303DA27 30BB B827 "8=34A 48=B?4AA4= D=3 8= #414=BV
64507A 64A0C4=

%4>-3;:+0<;A#7)9015>-1:-
7A4 -0B27<0B278=4 8BC B?0AB0< 8< ,4A1A0D27 E>=
-0BB4A =4A684 D=3 -0B27<8CC4; 03DA27 F8A3 D=V
B4A4 +<F4;C D=3 7A4 0DB70;CB:0BB4 64B27>=C ,4AV
1A0D27BF4AC4 7A4B 4ARC4B 58=34= )84 0D5 )48C4 
#7)9015>-1:- +< B?0AB0< D=3 D<F4;C5A4D=3;827 ID F0B274=

<?5>7;4=4 4;03D=6B<4=64= =827C T14AB27A48V
C4=
">27V D=3 D=CFRB274  :6
'5;464;4827C  :6
48=FRB274
)4834  :6
->;;4  :6
48 :;48=4A4= -RB274<4=64= A43DI84AC 384 $4=V
64=0DC><0C8: 34= -0BB4AV D=3 =4A684E4A1A0D27

)C0CC W">27FRB274  °J 30B 'A>6A0<< W =C4=V
B8E
;42:4=  °J FR7;4= DA27 384 E4A;R=64AC4
-0B27I48C 148 384B4<  °V'A>6A0<< F8A3 48=4
34< 
°V'A>6A0<< E4A6;482710A4 (48=86D=6
4AI84;C 943>27 <8C 4A741;827 64A8=64A4< =4A684V
E4A1A0D27

48 ;4827C 18B =>A<0; E4AB27<DCIC4A -RB274 0D5
,>AFRB274 E4AI827C4=

-0B27<8CC4; 4=CB?A4274=3 ,4AB27<DCID=6B6A03
-RB274<4=64 D=3 -0BB4A7RAC4 3>B84A4= D=3
8=F48B4 34B 4ABC4;;4AB 14027C4=

0;;B -RB274 0=B27;84Q4=3 8< -RB274CA>2:=4A
64CA>2:=4C F4A34= B>;; )27;4D34A3A47I07; 4=CV
B?A4274=3 =;48CD=6 34B *A>2:=4AV4ABC4;;4AB
FR7;4=


33/-4-15- #1+0-90-1;:015>-1:-
7A4 -0B27<0B278=4 8BC 14BC8<<C ID<
 41A0D27 =DA 8< 0DB70;C
 -0B274= E>= <0B278=4=F0B2710A4= *4GC8;84= 8=
-0B27;0D64
 4CA841 <8C :0;C4< *A8=:F0BB4A D=3 70=34;BV
T1;8274= -0B27V D=3 '5;464<8CC4;= 384 5TA
34=
8=B0CI 8= -0B27<0B278=4= 64486=4C B8=3
#0BB4= )84 "8=34A =827C D=140D5B827C86C 148 34A
-0B27<0B278=4
0;C4= )84 0DBC84A4 E>= 34A -0B27<0B278=4 54A=
%4CIBC42:4A =827C <8C 54D27C4= R=34= 48=BC42:4=

0DB 34A )C42:3>B4 I8474=

%4CIBC42:4A =DA 0< )C42:4A =827C 0< "014; 0DB 34A
)C42:3>B4 I8474=
4AT7A4= )84 148< -0B274= <8C 7>74= *4<?4A0CDA4=
=827C 30B 8=5T;;54=BC4A
,>AB827C 148< 1?D<?4= E>= 748Q4A -0B27;0D64
)C4864= )84 =827C 0D5 384 -0B27<0B278=4
)CTCI4= )84 B827 =827C 0D5 30B 64S55=4C4 8=5T;;54=BC4A


): 1:; 09- '):+04):+015-

 0"'=%*$&$+(11$* $(,%<**$,
+77/; 
)+<-273==/6 0J; (9;@H<-2/
9./;
%=H;5/
+77/; 
)+<-273==/6 0J; +>:=@H<-2/
8=2H;=/;
38@/3-273==/6
6/3-273==/6
9./;
6/-5/8<+6C
+77/;

#06/1/73==/6 CK )/3-2L 9./;
9;7<:J6/;
2I-2<=/8< ,3< '8=/;5+8=/ ./<
38<+=C/< 0J66/8

(,%<**%$,01$/ ;%%,$,  2,# 0"'*($9$, $/3("$)* ..$


-,1-5.-3,
 01$ >1 /16$(17
@/88 1/@J8<-2=
3/ M%=+;=C/3=D 5+88 <=>8./8@/3</ ,3<
7+A37+6 M2D ?/;CI1/;= @/;./8
,6$(&$ >$016$(17
@/88 #;91;+77 1/@H26=
,6$(&$ >1 /16$(17
@/88 C><H=C63-2 M%=+;=C/3=D 1/@H26=
#>85= C@3<-2/8 *300/; >8. M2D ,6385= <9L
6+81/ ,3< .3/ M%=+;=C/3=D +,1/6+>0/8 3<=
+88 <=+;=/= +>=97+=3<-2 .+< 1/@H26=/
#;91;+77 >8. .3/ M$/<=C/3=D @3;. +81/L
C/31=
 01$, %</ 20 16%2,)1(-,$,
@/88 1/@J8<-2= C><H=C63-2 C>7 #;91;+77
M<-28/66 )+<-2/8D ?/;5J;C=/ #;91;+77.+>/;
MA=;+<:J6/8D C><H=C63-2/; %:J61+81
M83==/;<-2>=CD ?/;738./;= 83==/;8
97,383/;/8 ./; *><+=C0>85=398/8 4/./;C/3=
7I163-2
8C/31/6+7:/8 ./; &+<=/8 6/>-2=/8
@/88 .3/ *><+=C0>85=398/8 +5=3? <38.
*><+=C0>85=398/8 +><<-2+6=/8 &+<=/8 /;8/>=
.;J-5/8

/-&/ ++4:'*$/ "'*$2#$/#/$'6 '*4:'*$/

*>7 38L >8. ><<-2+6=/8 ./; !+<-238/ >8. @/88 1/@J8<-2=
C>7 )H26/8 ./< #;91;+77< *>7 <=>0/869</8 38<=/66/8 ./; %-26/>./;.;/2L
;/2/8 38 ,/3./ $3-2=>81/8 7I163-2 C+26 7><< /38;+<=/8 ,/3 M928/
D
/; #;91;+77@H26/; .;/2= <3-2 83-2=
@H2;/8. .+<
#;91;+77 +,6H>0=  ./;  01$ >1 /17
#;91;+77+,6+>0 @3;. /6/5=;983<-2 1/<=/>/;= *>7 %=+;=/8 ./< )+<-2?9;1+81/<
#;91;+77 7><< 1/@H26= </38
,6$(&$* +.$,
M/;/3=D 6/>-2=/= @/88 #;91;+77 1/@H26=
M)+<-2/8D M%:J6/8D M%-26/>./;8D 6/>-2L
=/8 @/88 M%=+;=D 1/.;J-5= >8. ./; 4/@/3631/
#;91;+77+,<-283== 6H>0=
8C/31/6+7:/8 ,6385/8 /=;3/,<<=I;>81


&69 ,-4 -9:;-5 '):+0-5
+0;<5/
'):+04):+015- -0B27<0B278=4 <DBB B02764<RQ 0D564BC4;;C D=3
=69*-9-1;-5 0=64B27;>BB4= B48= B8474 01 )48C4 
,>A ,4A;0BB4= 34B -4A:4B FDA34 384 -0B27<0B278=4
64?AT5C +< <S6;8274 'AT5F0BB4AA4BC4 ID 4=C54A=4=
30B 4ABC4 $0; >7=4 -RB274 F0B274=

"48=4 -RB274 48=5T;;4=

-0BB4A707= S55=4=

-0B27<8CC4;B27D1;034 18B ID< =B27;06 74A0DBV
I8474=

0  #8C4A -0BB4A 8= 384 "0<<4A  34A -0B27<8CV
C4;B27D1;034 684Q4=

L $4BB14274A -0B27<8CC4; 8= 384 "0<<4A 
48=5T;;4=
i "48= ->;;V >34A 48=F0B27<8CC4; E4AF4=34=
)270D<18;3D=6

-0B27<8CC4;B27D1;034 B27;84Q4=

8=5T;;54=BC4A B27;84Q4=

'A>6A0<<FR7;4A 0D5 W">27FRB274  °J BC4;;4=
=I4864;0<?4 W4A48CJ ;4D27C4C
= 34A =I4864 4AB2748=C 384 (4BCI48C

*0BC4 W)C0ACJ 3AT2:4=
'A>6A0<< BC0AC4C
=I4864;0<?4 W-0B274=J ;4D27C4C
i 84 =I4864;0<?4= ;4D27C4= FR7A4=3 34A
94F48;864= 1B27=8CC4 34B 'A>6A0<<01;0D5B
-4== 8= 34A =I4864 W 4AB2748=C 'A>6A0<< 144=V
34C

'A>6A0<<FR7;4A 0D5 WDB BC4;;4=


'C:+0- =69*-9-1;-5
:69;1-9-5
<5,
-153-/-5
+0;<5/
'C:+0- =69*-9-1;-5 A4<3:SA?4A I U $T=I4= TA>:;0<<4A= %034;=
%R64; :S==4= -RB274BCT2:4 >34A 0DC48;4 34A
-0B27<0B278=4 I U -0B27CA><<4; 14B27R3864=

*0B274= 34A -RB274BCT2:4 ;44A4=

)0=3 0DB *0B274= D=3 +<B27;R64= 0DB1TABC4=

(48QE4AB27;TBB4 B27;84Q4= 4IT64 ID:=S?54=

0A38=4=AS;;274= 4=C54A=4= >34A 8= %4CI
4DC4;
48=18=34=

= 48=4< %4CI
"8BB4=14ID6 F0B274=
 4<?58=3;8274 -RB274 I U 48=BCAD<?57>B4=
0A38=4=
 :;48=4 -RB274BCT2:4 I U )S2:274= >34A
*0B274=CT274A
 T64;VB T64; :S==4= B827 148< -0B274=
;SB4= D=3 )27R34= E4ADAB0274=

48 >B4= )CA82:F0A4= D=3 64F8A:C4= *4GC8;84=
I U *A8:>CFRB274 *V)78ACB >34A )F40CB78ACB 384
==4=B48C4 =027 0DQ4= F4=34=

 +0;<5/
'C:+0- :69;1-9-5 -RB274 :0== E4A5RA14= %4D4 1D=C4 -RB274 =827C
<8C 0=34A4A -RB274 IDB0<<4= F0B274=

)+0 )9*- <5,

&-9:+04<;A<5/:/9),

-48Q4 -RB274 :0== 6A0D F4A34= -48Q4 D=3 50A1864

-RB274 64CA4==C F0B274=

&-9:+04<;A<5/:/9),- 3-1+0; =-9:+04<;A;

"48=4 ,4AB27<DCID=64= D=3 ;42:4= 4A:4==10A
-RB274 70C 4EC; "SA?4A64AD27 0=64=><<4=
 #4827C4 )><<4AV D=3 )?>AC14:;483D=6 F4=864
)CD=34= 64CA064=
 *V)78ACB 4<34= ;DB4= 18B ID 48=4< *06 64V
CA064=
 4CCFRB274 RBC470=3CT274A 48=4= *06 14=DCIC

5694)3 =-9:+04<;A;
,4AB27<DCID=64= B827C10A D=3
>34A F4=864 ;4827C4
;42:4= 4A:4==10A
 *V)78ACB 4<34= ;DB4= 3DA2764B27F8CIC
>34A
<47A5027 64CA064=
 +=C4A7>B4= );8?B 48=4= *06 64CA064=
 4B278AACT274A 0=3CT274A 4CCFRB274
18B
ID
48=4A ->274 14=DCIC
 0A38=4= >7=4 %8:>C8=E4AB27<DCID=64=
18B
ID
L
!07A 8= 41A0D27

 :;)92 =-9:+04<;A;
,4AB27<DCID=64= D=3
>34A ;42:4= 4A:4==10A
 "T274=70=3CT274A 18B ID 48=4A ->274 14=DCIC
 )C>55B4AE84CC4=
 01H;RCI274=
 "8=34A>14A14:;483D=6 >34A DQ10;;CA8:>C D=3
V7>B4 <8C A0B >34A A34 E4AB27<DCIC
 4AD5B:;483D=6 F84 )27;>BB4A0=ID6 R2:4AV D=3
$4CI64A:;483D=6

;@71:+0- 3-+2-5
 0DC54CC )?48B4S;4
V54CC4 )>Q4= $8=4A0;S;
-027B4 54CCV
S;70;C86
 *44 "05544 (>CF48= &1BC 4<TB4 1;482710A
 ;DC 8 $8;27 )CRA:4 48F48QV
:>7;47H3A0C70;C86
 (DQ A34 )0=3 '86<4=C4 *4==8B:;483D=6 <8C
"84B4;A>C E4AB27<DCIC

3-+2-5 -5;.-95-5
;42:4= <S6;827BC B>;0=64 B84 =>27 5A8B27 B8=3 4=C54AV
=4=
E>A1470=34;=
/D=R27BC <8C )4854=;0D64 01CD?54= %827C A4814=
-RB274BCT2:4 0=B27;84Q4=3 <8C 4=CB?A4274=34<
'A>6A0<< F0B274=
i 0AC=R2:864
48=64CA>2:=4C4 ;42:4= :S==4=
<0=27<0; 4ABC 3DA27 <47A<0;864B -0B274= 4=CV
54A=C F4A34=


'C:+0- :69;1-9-5 5)+0 %DA -RB274 <8C 34= 784A 0=646414=4= '5;464V
5/)*-5 )<. ,-5 BH<1>;4= F0B274=
!.3-/--;12-;;-5

">27FRB274  °


D=CFRB274  °  °  °


'5;464;4827C  °  °  °


48=
)4834  °


70=3V D=3 <0B278=4=F0B2710A4
->;;4 :0;C  °
-RB274 <8C 5>;64=34< '5;464BH<1>; =827C 8= 34A
-0B27<0B278=4 F0B274=

  =827C F0B274=


  ?736:165:/-.)09
'C:+0- -153-/-5 $8C ;SBD=6B<8CC4;70;C864= (48=86D=6B<8CC4;= I U ;4:V
:4=4=C54A=4A >34A -0B2714=I8= E>A1470=34;C4
-RB274BCT2:4 :S==4= =027 34< 8=5T;;4= ID 48=4A
G?;>B8>= 5T7A4= -RB274BCT2:4 E>A74A 6AT=3;827 E>=
0=3 0DBB?T;4=

+0;<5/
A4<3:SA?4A 8= 34A -0B27CA><<4; :S==4= 384
-RB274 14B27R3864= ,>A 34< 8=;464= 34A -RB274
B8274ABC4;;4= 30BB :48=4 A4<3:SA?4A 8= 34A -0B27V
CA><<4; B8=3

8=5T;;54=BC4A S55=4=

,>AB>AC84AC4 -RB274BCT2:4 0DB48=0=34A50;C4= D=3

;>2:4A 8= 384 -0B27CA><<4; ;464= A>Q4 D=3
:;48=4 )CT2:4 <8B274=
,4AB278434= 6A>Q4 -RB274BCT2:4 E4AC48;4= B827
14BB4A 148< )27;4D34A=
i <?5>7;4=4 4;03D=6B<4=64= =827C T14AB27A48V
C4=
P14A5T;;D=6 <8=34AC 30B -0B274A641=8B D=3 5SAV
34AC 384 "=8CC4A18;3D=6

8=5T;;54=BC4A B27;84Q4=
-RB274BCT2:4 =827C IF8B274= 8=5T;;54=BC4A D=3
D<<83827CD=6 48=:;4<<4=

'):+0G <5, !.3-/-41;;-3
 &-9/1.;<5/:/-.)09
'):+041;;-3 -0B27V D=3 '5;464<8CC4; 5TA "8=34A D=ID6R=6;827 0D5V
,6:1-9-5 14F07A4=
>B84A4= )84 -0B27<8CC4; 4=CB?A4274=3

34A -0BB4A7RAC4 84 -0BB4A7RAC4 4A507A4= )84 148
7A4< -0BB4AE4AB>A6D=6BD=C4A=47<4=

34A -RB274<4=64

34B ,4AB27<DCID=6B6A034B
=6014= T14A ,4AB27<DCID=6B6A034 58=34= )84
01 )48C4 

34= =6014= 34B -0B27<8CC4;V4ABC4;;4AB
(827C864 >B84AD=6 E4AA8=64AC 384 4;0BCD=6 34A
+<F4;C D=3 4A681C 48= 6DC4B -0B274A641=8B
;TBB86F0B27<8CC4; 8= 4=CB?A4274=34= >B84A147R;C4A
5T;;4=
(< >-51/ '):+041;;-3
84 -RB274 F8A3 =827C B0D14A D=3 8< #0D54 34A /48C
6A0D D=3 70AC
B :S==4= B827 ?D=:C5SA<864 6A0D1A0D=4 ;42:4=
4CC;RDB4 0D5 34A -RB274 18;34=
84 48I:SA?4A E4A:0;:4=
(< =1-3 '):+041;;-3
4;0BCD=6 34A +<F4;C BC0A:4 )270D<18;3D=6
64A8=64 -0B27<4270=8: B27;427C4B -0B27V
D=3
)?T;4A641=8B


'):+0G!.3-/-G
41;;-3 -15.E33-5
"0<<4A 
-0B27<8CC4; 5TA ,>AFRB274 >34A )CRA:4
"0<<4A 
-0B27<8CC4; 5TA 0D?CFRB274 =C7RAC4A 8=F4827V
<8CC4; ;4827<8CC4; >34A ;42:4=B0;I
"0<<4A

'5;464<8CC4; I U -4827V >34A >A<B?T;4A 7S27BC4=B
18B +=C4A:0=C4 34B 8=B0CI4B
5T;;4=
i ">=I4=CA84AC4 >34A 382:5;TBB864 -4827V D=3 >A<V
B?T;4A <TBB4= E>A 34< 8=5T;;4= <8C 4CF0B -0BB4A
E4A3T==C F4A34= E4A78=34AC ,4ABC>?54= 34B
P14A;0D54B

-0B27<8CC4;B27D1;034 18B ID< =B27;06 74A0DBV
I8474=

-0B27V D=3
>34A '5;464<8CC4; 48=5T;;4=

-0B27<8CC4;B27D1;034 B27;84Q4=


!96/9)44- <5, <52;165-5
-R7;4= )84 30B 64FT=B27C4 'A>6A0<< 0DB
 B8474
0D27 384 B4?0A0C4 'A>6A0<<T14AB827C

84 <0G8<0;4= )27;4D34A3A47I07;4= 34A 'A>6A0<<4

B8474 )48C4 

!96/9)44>C03-9
9<5,796/9)44- <5;>C:+0-     °
TA BCA0?0I84A5R7864 *4GC8;84= I U 0DB 0D<F>;;4
>34A #48=4=
5;-5:1=3-+2-5  F°
TA 5;42:864 E4AB27<DCIC4 *4GC8;84= I U 0DB 0D<V
F>;;4 >34A #48=4=
=4A684B?0A?A>6A0<< DA27 384 E4A;R=64AC4 -0B27V
I48C 148 384B4<  °V'A>6A0<< F8A3 48=4 34<

°V'A>6A0<< E4A6;482710A4 (48=86D=6 4AI84;C
943>27 <8C 4A741;827 64A8=64A4< =4A684E4A1A0D27
6+0>C:+0-  F°
=4A6848=C4=B8E4B 'A>6A0<< 5TA :>2754BC4 *4GC8;84=
I U 0DB 0D<F>;;4 >34A #48=4=
/D< )27DCI 34A 1F0BB4A;48CD=64= F8A3 384 748Q4
-0B27;0D64 E>A 34< 1?D<?4= <8C 20
 #8C4A=
:0;C4< -0BB4A 64<8B27C D=3 30<8C 0164:T7;C
<5;>C:+0- F °  &69>C:+0-
TA BC0A: E4AB27<DCIC4 BCA0?0I84A5R7864 *4GC8;84= I U
0DB 0D<F>;;4 >34A #48=4=
!.3-/-3-1+0;     °
TA ?5;464;4827C4 *4GC8;84= I U  0DB 0D<F>;;4
#48=4= )H=C74C8: >34A $8B2764F414


 -15#-1,-  °
TA 4<?58=3;8274 F0B2710A4 *4GC8;84= I U 0DB
)4834
)0C8= )H=C74C8: >34A $8B2764F414 I U
0A38=4=
48=F0B2760=6 148  K 5TA <0B278=4=F0B2710A4
)4834
-8A 4<?547;4= 384 *4GC8;84= =827C <8C 0=34A4=
A0D4A4= *4GC8;84= IDB0<<4= ID F0B274=
TA B47A 4<?58=3;8274 *4GC8;84= 0DB )4834 :0== T14A
384 *0BC4 WB27=4;; -0B274=J 3DA27 /48CE4A:TAID=6
48=4 =>27 B0=5C4A4 470=3;D=6 4AI84;C F4A34=
"48= )27;4D34A= IF8B274= 34= )?T;6R=64=
'633-  2)3;  °
TA 70=3V D=3 <0B278=4=F0B2710A4 *4GC8;84= 0DB
->;;4 >34A <8C ->;;0=C48; I U 0DB "0B27<8A $>708A
>34A =6>A0
D27 64486=4C 5TA 70=3F0B2710A4 )4834

(<:);A796/9)44- #7E3-5
)?T;60=6 <8C 0=B27;84Q4=34< )27;4D34A= ID<
)?T;4= E>= 0=3 64F0B274=4A -RB274 >34A
ID<
)CRA:4=
(43DI84AC4 )27;4D34A3A47I07;
#+03-<,-95
)27;4D34A60=6 ID< )27;4D34A= E>= 0=3 64V
F0B274=4A -RB274 =027 DBF07; 34A 64FT=B27C4=
A47I07; -0B27;0D64 >34A )?T;F0BB4A F4A34= E>A
34< )27;4D34A= 0164?D<?C
(43DI84AC4 )27;4D34A3A47I07;
*7<47-5
1?D<?4= 34B )?T;F0BB4AB =027 48=4< 'A>6A0<<
<8C 34A 8=BC4;;D=6 W>7=4

 5TA B27>=4=34 470=3V
;D=6 4<?58=3;8274A -RB274


#+03-<,-9,9-0A)03G
>C03-9
9<5,:;-33<5/ )27;4D34A3A47I07;FR7;4A I486C =027 >14=
84 *4GC8;84= F4A34= 8< 'A>6A0<< W">27
D=CFRV
B274J <8C 34A <0G8<0;4= )27;4D34A3A47I07; 64V
B27;4D34AC
48 34= 'A>6A0<<4= W'5;464;4827C W48=
)4834 D=3
W->;;4 F8A3 0DC><0C8B27 <8C 48=4A =843A864A4=
A47I07; 64B27;4D34AC D=017R=686 E>= 34A )C4;;D=6
34B A47I07;FR7;4AB  B27>=4=34 470=3;D=6
4<?58=3;8274A -RB274
)?14)3- #+03-<,-9,9-0A)03-5

+#/$'2,&$, ./-
(,21$ :0"'$ /1 

20 16./-&/ ++$


9-2 >8=@H<-2/


#06/1/6/3-2=


/38 %/3./


)966/


%:J6/8


%-26/>./;8

(<:);A.<52;165 605-

>7=4 =3B27;4D34A=

TA 4<?58=3;8274 *4GC8;84= D=3 0A38=4=
;;4 'A>6A0<<4 :S==4= >7=4 30B =3B27;4D34A=
3DA27645T7AC F4A34= -RB274 1;481C 8< ;4CIC4= )?T;V
F0BB4A ;8464=
= 34A W(4BCI48CV=I4864 4AB2748=C WVVV 148 'A>V
6A0<<4=34
4E>A 384 -RB274 4=C=><<4= F4A34= :0== <DBB
30B 'A>6A0<< W1?D<?4= >34A W)27;4D34A=
3DA27645T7AC F4A34= 30ID 8BC 34A A47I07;FR7;4A 0D5
384 64FT=B27C4 A47I07; 48=IDBC4;;4=
i DB64=><<4= 148< 'A>6A0<< W48=
)4834 F8A3
148 34= E>A74A864= )?T;6R=64= 384 -RB274 :DAI
IF8B274=64B27;4D34AC 0<8C F8A3 48= 14BB4A4B
)?T;4A641=8B 4AI84;C


(<:);A.<52;165-5  :+05-33 '):+0-5
$):;-5 ,4A:TAIC4 -0B27I48C  =DA )?T;6R=64 4486=4C 5TA
;4827C E4AB27<DCIC4 -RB274
<?5>7;4=4 4;03D=6B<4=64 18B <0G8<0;  :6
?;9):7E3-5
8= IDBRCI;8274A )?T;60=6 F8A3 3DA27645T7AC
-0B27I48C E4A;R=64AC B827 4=CB?A4274=3
=F4=3D=6B4<?547;D=64=
 8= 4184C4= <8C B47A F48274< -0BB4A
 IDA F48C4A4= ,4A14BB4AD=6 34B )?T;4A641=8BB4B

51;;-9:+0<;A
)?4I84;;4A )27;4D34A01;0D5 <8C 0=B27;84Q4=34< D5;>V
2:4A=
%027 34< )27;4D34A= ;846C 384 -RB274 ;>2:4A 8= 34A
*A><<4;  "=8CC4A= F8A3 E4A<8=34AC
48 34= 'A>6A0<<4= W">27V
D=CFRB274J F8A3 0DC>V
<0C8B27 384 <0G8<0;4 A47I07; 0D5  +
<8=
A43DI84AC
$0G8<0;4 4;03D=6 ?A> *4GC8;0AC 14027C4=
384 -RB274 D=<8CC4;10A =027 34< )27;4D34A=
4=C=47<4=


5A-1/- H"-:;A-1; 5A-1/- H"-:;A-1;
#;)9;A-1; <5, $):;-
'A>6A0<<FR7;4A 0D5 64FT=B27C4B 'A>6A0<<
H#;)9;A-1; BC4;;4=
=I4864;0<?4 W4A48C ;4D27C4C
,>A0DBB827C;8274 (4BCI48C 'A>6A0<<30D4A F8A3
0=64I486C I  W
i 84 (4BCI48C F8A3 8= )CD=34= D=3 $8=DC4= 0=64V
I486C I 
   )CD=34 D=3  $8=DC4=
   $8=DC4=
84 (4BCI48C F8A3 =027 34< )C0AC4= 34B 'A>V
6A0<<B <8=DC4=F48B4 74AD=C4A64IR7;C
< 'A>6A0<<4=34 BC47C 384 =I4864 0D5 W

i < 'A>6A0<<1468== 4A5>;6C 48=4 >27A427=D=6

5TA 384 (4BCI48C D=C4A ==07<4 48=4A E>;;4= 4;0V
3D=6 D=3 48=4A -0BB4AID;0D5C4<?4A0CDA E>=

° ==4A70;1 34A 4ABC4=  $8=DC4= F8A3 384
C0CBR27;8274 4;03D=6 4A<8CC4;C
-R7A4=3 34B 'A>6A0<<01;0D5B :0== B827 384
(4BCI48C 0DB =027BC474=34= AT=34= E4A;R=64A=
>34A E4A:TAI4=
(-1;=-92E9A<5/-5 4A5>;64= 3DA27
 64A8=64 4;03D=6
 -07; 34A /DB0CI5D=:C8>=  I  WB27=4;; -0B274=
=027 'A>6A0<<BC0AC
(-1;=-93C5/-9<5/-5 4A5>;64= 3DA27
 IDBRCI;8274= )?T;60=6 F4== IDE84; )270D< 8= 34A
-RB274 8BC
 <47A50274B )27;4D34A= F4== 384 -RB274
B27;427C 8= 34A *A><<4; E4AC48;C 8BC
 E4A;R=64AC4 48II48C4= I  148 B47A :0;C4< -0BV
B4A
 64A8=64 -0BB4A3AT2:4
 -07; 34A /DB0CI5D=:C8>=  I  WGCA0B?T;4= =027
'A>6A0<<BC0AC
 BC0A: B0D65R7864 -RB274

 5A-1/- <5, $):;- H#;)9;A-1;

,>A 34< )C0AC 48=4B 'A>6A0<<B :S==4= )84 14BC8<V
<4= D< F84E84; )CD=34= 384 )C0ACI48C E4AIS64AC F4AV
34= B>;;

'A>6A0<<FR7;4A 0D5 64FT=B27C4B 'A>6A0<<
BC4;;4=
=I4864;0<?4 W4A48C ;4D27C4C
,>A0DBB827C;8274 (4BCI48C F8A3 0=64I486C

*0BC4 W)C0ACI48C 3AT2:4= 8= 34A =I4864 4AB2748=C
W7 7)CD=34
4A 'D=:C IF8B274= /8554A D=3 W7 1;8=:C

-1:71-3

*0BC4 W)C0ACI48C B>>5C 3AT2:4= 18B 384 64FT=B27V
C4 )CD=34=I07; 0=64I486C F8A3
i 84 )C0ACI48C :0== BCD=34=F48B4 48=64BC4;;C F4AV
34=
/48CE4AIS64AD=6 18B <0G8<0; W7 <S6;827
)8=3 W7 )C0ACI48C 48=64BC4;;C 64;0=6C <0= 3DA27
=>27<0;864B AT2:4= 34A *0BC4 W)C0ACI48C 8= 34=
(4BCI48C<>3DB
4A 1;0D5 34A W)C0ACI48C 1468==C B>5>AC =027 34<
8=BC4;;4= 84B F8A3 0=64I486C 3DA27 34= 1;8=:4=34=
'D=:C IF8B274= /8554A D=3 W7 4A 'D=:C 1;8=:C B>;0=V
64 18B 384 W)C0ACI48C 0164;0D54= 8BC
i 84 W)C0ACI48C F8A3 BCD=34=F48B4 IDAT2:64IR7;C
%027 1;0D5 34A W)C0ACI48C F8A3 30B 'A>6A0<<
0DC><0C8B27 64BC0AC4C
84 =I4864;0<?4 34B 94F48;864= 'A>6A0<<01V
B27=8CC4B ;4D27C4C = 34A =I4864 4AB2748=C 384
W(4BCI48C
i M=34AD=64= 34A W)C0ACI48C B8=3 9434AI48C <S6;827
784AID *0BC4 W)C0ACI48C B>>5C 3AT2:4= 18B 384 =4D4
)CD=34=I07; 4AB2748=C 84 =4D4 W)C0ACI48C ;RD5C
01 >7=4 30BB 30B 'A>6A0<< =4D 64BC0AC4C F4AV
34= <DBB


i -8A3 34A 'A>6A0<<01;0D5 64R=34AC >34A 30B 'A>V
6A0<< 01641A>274= F8A3 0D27 384 E>A64FR7;C4
)C0ACI48C 01641A>274= = 34A =I4864 4AB2748=C
384 (4BCI48C 34B =4D 64FR7;C4= 'A>6A0<<B 84
)C0ACI48C <DBB =4D 64FR7;C F4A34=
i -RB274 =027;464= FR7A4=3 34A )C0ACI48CE4AIS64V
AD=6 9434AI48C <S6;827 8=5T;;54=BC4A B27;84Q4=


'):+0-5

'A>6A0<<FR7;4A 0D5 64FT=B27C4B 'A>6A0<<
BC4;;4= B8474 0D27 B4?0A0C4 'A>6A0<<T14AB827C
=I4864;0<?4 W4A48C ;4D27C4C
W(4BCI48C F8A3 0=64I486C

-1:71-3

48 430A5 )27;4D34A3A47I07; >34A W>7=4

FR7;4=

48 430A5 *0BC4= 5TA /DB0CI5D=:C8>=4= 3AT2:4=

48 430A5 W)C0ACI48C FR7;4=

W)C0ACI48C ;RD5C B>5>AC 01 0B 'A>6A0<< BC0AC4C
0DC><0C8B27 =027 1;0D5 34A W)C0ACI48C



*0BC4 W)C0AC 3AT2:4=
'A>6A0<< BC0AC4C

-4== )84 8AACT<;827 48= 50;B274B 'A>6A0<< 64FR7;C

!96/9)44)*3)<. 7014=
C5,-95
'A>6A0<<FR7;4A 0D5 WDB BC4;;4=

'A>6A0<<FR7;4A 0D5 =4D64FR7;C4B 'A>6A0<<
BC4;;4=
=I4864;0<?4 W4A48C ;4D27C4C

48 430A5 <8C *0BC4 W)C0ACI48C )C0ACI48CE4AIS64V
AD=6 =4D FR7;4=

65 *0BC4 W)C0AC 3AT2:4=

-4== )84 48= 'A>6A0<< E>AI48C86 144=34= <S27C4=

!96/9)44
'A>6A0<<FR7;4A 0D5 WDB BC4;;4=
)**9-+0-5

'A>6A0<<FR7;4A 0D5 W1?D<?4= >34A
W)27;4D34A= BC4;;4=
=I4864;0<?4 W4A48C ;4D27C4C
48 W)27;4D34A= 64FT=B27C4 )27;4D34A3A47I07;
FR7;4= =827C W>7=4


*0BC4 W)C0AC 3AT2:4=


 )+0 *3)<. ,-: !96/9)44:
= 34A =I4864 BC47C W >34A WVVV

'A>6A0<<FR7;4A 0D5 WDB BC4;;4=
D=3 F4== 64FT=B27C

/DB0CI?A>6A0<< W1?D<?4= W)27;4D34A=
>34A W)?T;4= FR7;4=

*0BC4 W)C0AC 3AT2:4=

%027 1;0D5 34B /DB0CI?A>6A0<<B 'A>6A0<<V
FR7;4A 0D5 WDB BC4;;4=

8=5T;;54=BC4A S55=4=
'C:+0- -5;5-04-5 -4== 30B 8=5T;;54=BC4A B827 =827C S55=4= ;RBBC
$8=DC4= F0AC4= )8274A748CB5D=:C8>= 8BC 0:C8E
>34A
4B 8BC F4== )84 W>7=4
 64FR7;C 70CC4= =>27 -0BV
B4A 8= 34A -0B27<0B278=4
'A>6A0<< W1?D<?4= >34A W)27;4D34A= FR7;4=
D=3 *0BC4 W)C0AC 3AT2:4=

-RB274 4=C=47<4=
+0;<5/
E4=CD4;; E>A70=34=4 A4<3:SA?4A I  $T=I4=
TA>:;0<<4A= 0DB -0B27CA><<4; D=3 D<<8V
3827CD=6 4=C54A=4=  "6:;/-.)09

8=5T;;54=BC4A 64S55=4C ;0BB4= 30<8C 34A -0B27V
<0B278=4=V ==4=A0D< CA>2:=4= :0==


-:65,-9- 5>-5,<5/-5

-RB274 6;48274A 0A14 48=;464=
15>-1+0-5
8=F4827<8CC4; =027 =6014= 34B 4ABC4;;4AB 8=
"0<<4A  48=5T;;4=

'A>6A0<<FR7;4A 0D5 WD=CFRB274  ° BC4;;4=
=I4864;0<?4 W4A48C ;4D27C4C

*0BC4 W)C0AC 3AT2:4=
=I4864;0<?4 W-0B274= ;4D27C4C 'A>6A0<<
;RD5C

%027 20  $8=DC4= 'A>6A0<<FR7;4A 0D5 WDB
BC4;;4= 84 -RB274 ;846C 94CIC 8< -0BB4A

%027 64FT=B27C4A 8=F4827I48C 48= 'A>6A0<<
FR7;4=
i "48= IDBRCI;8274B -0B27<8CC4; =SC86 384 8=F4827V
;0D64 F8A3 ID< -0B274= E4AF4=34C

84 -RB274 30A5 =827C <8C -4827B?T;4A 1470=34;C

#;C92-5 B48=

-RB274 48=;464=

)CRA:4<4=64 5TA 20

; -0BB4A 3>B84A4= 'D;E4AV
5SA<864 )CRA:4 =027 =6014= 34B 4ABC4;;4AB IDV
4ABC 0D5;SB4=

'A>6A0<<FR7;4A 0D5 W)?T;4= BC4;;4=

)27;4D34A3A47I07; 48=BC4;;4=
0D27 W>7=4
 <S6;827

*0BC4 W)C0AC 3AT2:4=
)>10;3 30B -0BB4A 48=;RD5C

-0B27<8CC4;B27D1;034 4CF0B 74A0DBI8474= D=3

)CRA:4;SBD=6 8= "0<<4A  48=5T;;4=

-0B27<8CC4;B27D1;034 B27;84Q4=
-4== W>7=4
 E>A64FR7;C FDA34
0=B27;84Q4=3 'A>6A0<< W1?D<?4= FR7;4=


 %DA RA14<8CC4; E4AF4=34= 384 D<F4;CE4ACAR6;827 D=3
C9*-5 5TA 34= 8=B0CI 8= -0B27<0B278=4= 64486=4C B8=3
+0;<5/
,4A5RA14= 34A -RB274 148 =0275>;64=34= -0B27V
6R=64= :0== 34==>27 =827C 60=I 0DB64B27;>BB4=
F4A34=

RA14<8CC4; =027 =6014= 34B 4ABC4;;4AB 0=V
F4=34=
%027 34< RA14=

8=4= L $4BB14274A -0B27<8CC4; 8= "0<<4A 
6414=

&7=4 -RB274 8= 34A *A><<4; 30B 'A>6A0<<
W">27FRB274  ° 01;0D54= ;0BB4=

D<<83827CD=6 0DBF8B274=

+0;<5/
5;.C9*-5 =C5RA14<8CC4; :S==4= B27F454;V >34A 27;>A70;C86 B48=
03DA27 :S==4= 0DC48;4 34A -0B27<0B278=4 A>BV
C4= -RB274 =827C 8= 34A -0B27<0B278=4 4=C5RA14=


"-151/-5 <5, !.3-/-5
 #;964:+03)//-.)09
*A4==4= )84 6AD=3BRCI;827 30B 4ARC ID4ABC E><
)CA><=4CI
%84<0;B 384 -0B27<0B278=4 <8C 48=4< -0BB4ABCA07;
A48=864=
 ?736:165:/-.)09
%84<0;B #SBD=6B<8CC4; ID< (48=864= E4AF4=34=
48 430A5
-0C<:- <5,
CF0B )4854=;0D64 >34A 48= <8;34B =827C B274DV
-,1-5*3-5,- 4A=34B (48=86D=6B<8CC4; E4AF4=34=
9-151/-5

$8C 48=4< F48274= *D27 CA>2:4=A4814=
-4== (>BC5;42:4= 3DA27 ;8464= 641;8414=4 $4C0;;C48;4
'):+0;9644-3 I U $T=I4= TA>:;0<<4A= %034;= %R64; 4=CV
9-151/-5 BC0=34= B8=3

7;>A5A484 'DCI<8CC4; 14=DCI4= =6014= 34B 4AV
BC4;;4AB 14027C4= %84<0;B )C07;F>;;4 E4AF4=34=


 -4== B827 (4BC4 E>= -0B27V >34A '5;464<8CC4;=
'):+041;;-3G 0164;064AC 7014=
:+0<*3),- 9-151/-5

-0B27<8CC4;B27D1;034 18B ID< =B27;06 74A0DBV
I8474=

8=B0CI 74AD=C4A3AT2:4= D=3

-0B27<8CC4;B27D1;034 60=I 74A0DB=47<4=

8=B0CI =027 >14= 74A0DB=47<4=

-0B27<8CC4;B27D1;034 D=3 8=B0CI D=C4A 5;84Q4=V
34< -0BB4A A48=864= 01CA>2:=4=

8=B0CI 0D5B4CI4= D=3 48=A0BC4=

-0B27<8CC4;B27D1;034 48=B278414=


 -4== 384 -0B27;0D64 =827C E>;;BCR=386 0164?D<?C
)</-57<47- F8A3 A4<3:SA?4A 1;>2:84A4= 384 #0D64=?D<?4 >34A
9-151/-5 BC0A: 5DBB4;=34 -RB274 FDA34 64F0B274=

'):+03)</- )*3)::-5 18B ID  #8C4A 64486=4C4B 45RQ 14A48CBC4;;4=

 &-9*9E0<5/:/-.)09
48Q4 -0B27;0D64 IDE>A 01:T7;4= ;0BB4=
"8=34A D=3 0DBC84A4 54A=70;C4=

'A>6A0<<FR7;4A 0D5 WDBJ BC4;;4=

)4AE824:;0??4 S55=4=

=C;44AD=6BB27;0D27 0DB 34A 0;C4AD=6 =47<4=

D=3 0DB 34< 47RDB4 I8474=

)4AE824:;0??4 01=47<4=

,4AB27;DBBV"0??4 01I8474= D=3 -0B27;0D64 8=

14A48CBC474=34B 45RQ 015;84Q4= ;0BB4=

8
+ 5


,4AB27;DBBV"0??4 0D53AT2:4= 
 D=3 =C;44V
AD=6BB27;0D27 8= 384 0;C4AD=6 48=B4CI4= 

'D<?4=342:4; E>AB827C86 01B27A0D14=

B CA8CC =>27 4CF0B (4BCF0BB4A 0DB

==4=A0D< E>= A4<3:SA?4A=
DBB4;= 145A484=
D=3 A48=864= ;T64;A03 34A #0D64=?D<?4 <DBB
B827 3A474= ;0BB4=
4F8=34 34B 'D<?4=342:4;B D=3 'D<?4=64V
7RDB4 E>= #0D64=A4BC4= D=3 DBB4;= A48=864=

'D<?4=342:4; 48=B4CI4= D=3 54BCB27A0D14=

)4AE824:;0??4 48=B4CI4= D=3 B27;84Q4=
+< ID E4A78=34A= 30BB 148< =R27BC4= -0B274=
-0B27<8CC4; D=64=DCIC 8= 34= 1;0D5 5;84QC


#8C4A -0BB4A 8= "0<<4A  684Q4=

'A>6A0<< W1?D<?4=J FR7;4=


 -4== :48= >34A =827C 64=T64=3 -0BB4A 8= 384
#1-* 14 -0B27<0B278=4 48=;RD5C =I4864;0<?4 W-0B274=J
')::-9A<3)<. 1;8=:C
9-151/-5 /D=R27BC -0BB4A3AD2: 8< /D;0D5B27;0D27 0110D4=

-0BB4A707= B27;84Q4=

'A>6A0<<FR7;4A 0D5 14;841864B 'A>6A0<<
0DQ4A
W)27;4D34A=J
W1?D<?4=J BC4;;4=

*0BC4 W)C0ACJ 3AT2:4= 'A>6A0<< 20  )4:D=V
34= ;0D54= ;0BB4=

'A>6A0<<FR7;4A 0D5 WDBJ BC4;;4=

)27;0D27 E>< -0BB4A707= 01=47<4=

)841 <8C 48=4A :;48=4= TABC4 >34A 48=4< '8=B4;
A48=864=

)27;0D27 0=B27;84Q4=

-0BB4A707= S55=4=

'AT54= >1 0< )27;0D274=34 -0BB4A 0DBCA8CC
-4== =>27 -0BB4A 0DBCA8CC A827C864= )8CI 34B
)8414B ?AT54=

+0;<5/
'):+04):+015- =C:0;:D=6B<8CC4; 4=C70;C4= )RDA4= 384 0DC48;4 34A
-5;2)32-5 -0B27<0B278=4 0=6A4854= D=3 -RB274 E4A5RA14=
:S==4=
48 A827C864A -0B27<8CC4;3>B84AD=6 1A0D274= )84 384
-0B27<0B278=4 =827C ID 4=C:0;:4=
BC 48=4 =C:0;:D=6 34==>27 =SC86 18CC4 =027 34= =V
6014= 34B =C:0;:D=6B<8CC4;V4ABC4;;4AB E>A6474=


13.- *-1 23-15-5 #;D9<5/-5
 #;964:+03)//-.)09
(4?0A0CDA4= =DA E>< "D=34=384=BC >34A E>= 0DC>A8V
B84AC4= 027:AR5C4= 3DA275T7A4= ;0BB4=
< (4?0A0CDA50;; >34A F4== )84 48=4 )CSAD=6 <8C 8;54
34A 5>;64=34= *014;;4 =827C B4;1BC 147414= :S==4=

'A>6A0<<FR7;4A 0D5 WDB BC4;;4=

-0B27<0B278=4 E>< )CA><V%4CI CA4==4=

-0BB4A707= ID3A474=

"D=34=384=BC AD54= B8474 )48C4 

1;/2,& /0 "'$ !'(*%$

380J660/8<=/; 6H<<= <3-2 M928/

 1/@H26= M,:>7:/8 9./; M%-26/>./;8
83-2= I008/8 @H26/8
%3-2/;2/3=<0>85=398 +5=3?  !38>=/8 @+;=/8
)+<-273==/6;/<=/ 38 ./; />-2=/< 9./; ?/;56>7:=/< )+<-273==/6<-2>,6+./ ;/3831/8 >8.
)+<-273==/6<-2>,6+./ )+<-273==/6 =;9-58/8 <3/2/ %/3=/

/3 6J<<31@+<-273==/6 9<3/;2360/
,/8>=C/8
8C/31/6+7:/8
1 : 6/>-2=/8 %3-2/;>811 38 ./; )928>811 %3-2/;>81 /38<-2+6=/8 /;</=C/8
83-2=
3 2 +><1/6I<=
6I
&;3== .3/ %=I;>81 @3/./;296= +>0
>8./8.3/8<= ;>0/8
%=;97+><0+66 381/<=/66=/< #;91;+77 6H>0= @/3=/;
@/88 %=;97 @3/./; .+ 3<= %966 .3/
)H<-2/ /8=8977/8 @/;./8 @3/
>8=/; M +>1/8:>7:/ ;/3831/8
?9;1/2/8 <3/2/ +, %/3=/ 
%=/-5/; 69</ 9./; 83-2= /381/<=/-5=


1;/2,& /0 "'$ !'(*%$
#;91;+77 6H>0= 83-2= +8 380J660/8<=/; 83-2= 1/<-269<</8 #;J0/8 9, )H<-2/<=J-5
8C/31/6+7:/
1 : MM/;/3= /381/56/77=
,6385= 380J660/8<=/; <-263/G/8
563-5=
2I;,+;
#;91;+77 6H>0= 83-2= +8 &+<=/ M%=+;= 83-2= 1/.;J-5= &+<=/ M%=+;= .;J-5/8
)+<</; 6H>0= 83-2= /38 )+<</;2+28 83-2= 1/I008/= )+<</;2+28 I008/8
9./; )+<-273==/6 @3;.
83-2= /381/<:J6= *>6+>0<-26+>-2 1/583-5= 9./; /381/56/77=
8C/31/6+7:/ M)+<-2/8
)+<-2/8
,6385= %3/, 37 )+<</;C>6+>0 ?/;<=9:0= %3/, ;/3831/8 <3/2/ +, %/3=/


)+<-273==/6 +>< +77/; #;91;+77 928/ (9;@H<-2/ M>8=@H<-2/ 

° 73= (9;@H<-2/
 @3;. 83-2= /381/<:J6= 1/@H26= @H26/8
)+<</; 38 ./; &;977/6 /38 /26/;
83-2= <3-2=,+; +< )+<</; 3<= >8=/;2+6, ./< <3-2=,+;/8 /;/3-2/<
)+<-26+>1/ @3;. 83-2= ;/7.5I;:/; ,69-53/;/8 .3/ +>1/8:>7:/ ;/3831/8 <3/2/
+,
?966<=H8.311 +,1/:>7:=
1 : : +>1/8:>7:/ %/3=/

8C/31/6+7:/ M%:J6/8 %=+;5 06></8./ )H<-2/ @>;./ ,06><<;92; >8. 9./;
,6385= 1/@+<-2/8 ,06><<;92; 9./; ,6+>0<-26+>-2 ;/3831/8
,6+>0<-26+>-2 ?/;<=9:0=
)+<</; 6H>0= >8=/; ./7 (/;<-2;+>,>81 ./< (/;<-2;+>,>81 0/<=C3/2/8
/;H= 2/;?9; *>6+>0<-26+>-2/< >8.3-2=
,6+>0<-26+>-2 >8.3-2= ,6+>0<-26+>-2 /;</=C/8
%-2+>7 =;3== +>< ./; *> ?3/6 )+<-273==/6  <<6I00/6 )/3-2<:J6/; 73= E
3=/;
)+<-273==/6<-2>,6+./ )+<</; ?/;73<-2/8 >8.
38 +7L
+>< 7/;
 ./; )+<-273==/6<-2>,6+./
1/,/8
)+<-273==/6.9<3/;>81 ,/37
8H-2<=/8 )+<-21+81 ?/;;381/;8
3/ )H<-2/ @>;./ 83-2= ;9G/ )H<-2/<=J-5/ 2+,/8 <3-2 77/; 1;9G/ 2,# 56/38/ &/36/ 38 .3/
;3-2=31 1/<-26/>./;= C><+77/81/;966= >8. 83-2= )+<-2=;977/6 1/,/8 <3/2/ +>-2
16/3-27HG31 38 ./; &;977/6 ?/;=/36= '8@>-2=598=;966<B<=/7
>< %3-2/;2/3=<1;J8./8 @>;./ .+<
29-2=9>;31/ 8.<-26/>./;8
+>=97+=3<-2 ?/;238./;=


1;/2,& /0 "'$ !'(*%$
%-26/>./;/;1/,83<
1 83-2= &+<=/ M83==/;<-2>=C 1/.;J-5=  7+A37+6/ %-26/>./;.;/2C+26 

' 738
C>0;3/./8<=/66/8.
03 . 66 .
#;91;+77 M%:J6/8 9./; M%-26/>./;8 1/@H26=  7+A37+6/
%-26/>./;.;/2C+26 <3/2/ %/3=/ 
!/2;7+631/< /38 /26/;
8<-26/>./;8 '8@>-2=598=;966<B<=/7 ?/;<>-2= '8@>-2= .>;-2 7/2;7+631/<
8<-26/>./;8 +><C>16/3-2/8
#;91;+77+,6+>0 6H81/; /38 /26/; ;9G/ >8. 56/38/ )H<-2/<=J-5/
+6< J,63-2 '8@>-2=598=;966<B<=/7 ?/;<>-2= 1/7/38<+7 @+<-2/8 >7 .3/
'8@>-2= .>;-2 7/2;7+631/< '8@>-2= C> ?/;;381/;8
(/;=/36/8 ./; )H<-2/
+><C>16/3-2/8
%-2+>7/;5/88>81 2+= C><H=C63-2/8 )+<-273==/6.9<3/;>81 ,/37
%:J61+81 C>1/<-2+6=/= >7 ./8 8H-2<=/8 )+<-2/8 +8:+<</8
%-2+>7 +,C>,+>/8
)+<-2/;1/,83< 83-2= (/;<-27>=C>81 3<= 1;IG/; +6< //318/=/< #;91;+77 @H26/8
C>0;3/./8<=/66/8. +81/8977/8
)+<-273==/6 @+; >8=/;.9<3/;= )+<-273==/6 8+-2 81+,/8 ./<
/;<=/66/;< .9<3/;/8
)+<-273==/6;J-5<=H8./ !+8-2/ :29<:2+=0;/3/ )+<-273==/6 %909;= M%:J6/8 @H26/8
+>0
./;
)H<-2/ /8=2+6=/8 @+<</;>86I<63-2/ 9./;
$J-5<=H8./ .3/ <3-2 +6< 2/66/ )H<-2/ 8+-2 ./7 &;9-58/8
6/-5/8 +>0 ./; )H<-2/ C/31/8 +><,J;<=/8
5I88/8
;+>/ $J-5<=H8./ +>0 (/;<-27>=C>81 .>;-2 %+6,/8 /==/ /37 8H-2<=/8 )+<-2/8 7+A37+6/
./; )H<-2/ 9./; F6/ )+<-273==/6.9<3/;>81 >8. 7+A37+6
C>6H<<31/ &/7:/;+=>; @H26/8
(/;H8./;>81/8 ./; /38 /26/;
M$/<=C/3= @H2;/8. ./< %3/2/ 23/;C> +>-2 ;6H>=/;>81/8 >8=/; M8C/31/ M$/<=C/3= %=+;=C/3= >8.
#;91;+77+,6+>0< &+<=/ M%=+;=C/3= <3/2/ +, %/3=/ 
$/<=C/3=?/;5J;C>81 /38 /26/;
/3 56/38/8 )H<-2/7/81/8 5+88 <3-2 4/ 8+-2 )+<-2:;91;+77 /38/
*/3=?/;5J;C>81 ?98 -+ 
!38>=/8 /;1/,/8


1;/2,& /0 "'$ !'(*%$
$/<=C/3=?/;6H81/;>81 /3 C>?3/6 %-2+>7 2+= .3/ )+<-273==/6.9<3/;>81 ,/37
%-2+>7/;5/88>81 /38/8 8H-2<=/8 )+<-21+81 ?/;;381/;8
C><H=C63-2/8 %:J61+81 >8. /38
C><H=C63-2/< %-26/>./;8
C>1/<-2+6=/= >7 .+< %:J6/;1/,83<
+,C><3-2/;8
/3 <=+;5/8 '8@>-2=/8 ,/37 ;9G/ >8. 56/38/ )H<-2/<=J-5/
%-26/>./;8 5+88 /38/ 1/7/38<+7 @+<-2/8 >7 .3/
*/3=?/;6H81/;>81 ?98 -+ 
'8@>-2= C> ?/;;381/;8
!38>=/8 .>;-2 7/2;7+631/<
(/;=/36/8 ./; )H<-2/ +>0=;/=/8
!><< </2; 5+6=/< )+<</; +>01/2/3C=
@/;./8 5+88 <3-2 /38/
*/3=?/;6H81/;>81 ?98 -+ 

!38>=/8 /;1/,/8


&-9*9)<+0:>-9;-
-/+ *=/-&/ ++ $* #2,& $/!/ 2"'04$/1$ 
 ' 20 116%2,)1(-,$,
-',$ % )1( 
1/-+  00$/  2$/
>8=@H<-2/ 
° 
51 
5)2  6  2
>8=@H<-2/ 
° 
51
5)2  6  2
>8=@H<-2/ 
° 
51 
5)2  6 
2
8=/8<3? 6/-5/8
9-2@H<-2/ 
° 
51  5)2  6 
 2
2/3G/ )+<-26+>1/ @3;.
?9;
./7 ,:>7:/8 73=
-+

3=/;8 5+6=/7 )+<</;
1/73<-2=
#06/1/6/3-2= 
° 
51 
 5)2 
6  2
/38 %/3./
° 
51
 5)2 
6
 2
)966/
° 
51 
 5)2  6

2
 #;J0:;91;+77/ 8+-2 " 
  >8.  
 . 

 3/ (/;,;+>-2<@/;=/ @/3-2/8 4/ 8+-2 )+<</;.;>-5 L2H;=/ L/386+>0=/7:/;+=>; $+>7=/7:/;+=>;
)H<-2/+;= >8. L7/81/ ?/;@/8./=/7 )+<-273==/6 %-2@+85>81/8 38 ./; "/=C<:+88>81 >8. 1/L
@H26=/8 *><+=C0>85=398/8 ?98 ./8 +81/1/,/8/8 )/;=/8 +,


<5,-5,1-5:;
4E>A )84 34= "D=34=384=BC AD54= ?AT54= )84 18CC4
>1
)84 384 )CSAD=6 =827C B4;1BC 147414= :S==4=
B8474
01 )48C4 
= 4A0CD=6B5R;;4= 4=CBC474= 7=4= 0D27 FR7A4=3
34A 0A0=C84I48C ">BC4= 5TA 48=4= *427=8:4A48=B0CI
4= 5TA )84 =R27BC64;464=4= "D=34=384=BC :S==4=
)84 0DB 34< 148;8464=34= ,4AI4827=8B 4=C=47<4=
414= )84 18CC4 34< "D=34=384=BC 384 AI4D6=8BV
=D<<4A V%A  D=3 384 4AC86D=6B=D<<4A  34B
4ARC4B 0=
&B:/8<-236. )84 58=34= 384B4 =6014= 0D5 34< *H?4=B278;3 8<
(07<4= 34B 64S55=4C4= 8=5T;;54=BC4AB D=3 8< 382:
D<A0=34C4= 4;3 34B 4ARC4B278;34B 0D5 34A (T2:V
B48C4 34B 4ARC4B

G 9 

/6$2&,(0,2++$/ $/1(&2,&0,2++$/
%>C84A4= )84 784A 384 %D<<4A= 7A4B 4ARC4B
8CC4 74;54= )84 3DA27 %4==D=6 34A AI4D6=8B=D<<4A
D=3 34A 4AC86D=6B=D<<4A <8C D==SC864 =507AC4=
ID E4A<4834= )84 B?0A4= 30<8C E4A1D=34=4 $47A
:>BC4=


<.:;-33-5 5:+031-B-5
<5,
$9)5:769;1-9-5
 &-93-;A<5/:/-.)09
#1+0-90-1;:015>-1:- 84 -0B27<0B278=4 70C 48= 7>74B 4F827C ,>AB827C
148< =7414=

+0;<5/
8=645A>A4=4 )27;RD274 :S==4= A48Q4=
?;0CI4=
-0B27<0B278=4 =827C 8= 5A>BC645R7A34C4= 4A48274=
D=3
>34A 8<
A484= 0D5BC4;;4=
-0B27<0B278=4 :0== 14B27R386C F4A34= %827C 0=
E>ABC474=34= 0DC48;4= I U 8=5T;;54=BC4A 0=7414=
/DBRCI;827 ID 34= 784A 0D5645T7AC4= 8=F48B4= :S==4=
14B>=34A4 ,>AB27A85C4= 34B IDBCR=3864= -0BB4AV D=3
;4:CA8I8CRCBF4A:4B 64;C4=
= /F4854;B5R;;4= E>< 027<0== 0=B27;84Q4= ;0BB4=

= 34A $0B278=4=AT2:B48C4
1-.-9<4.)5/  -0BB4A01;0D5B27;0D27
 -0BB4AID;0D5B27;0D27
 "AT<<4A ID< =1A8=64= 34B 1;0D5B27;0D27B
I U
0< -0B27142:4=
 )CA><:014; <8C %4CIBC42:4A
4D27C86:48C 8= 34A -RB274CA><<4; 8BC 1438=6C 3DA27
384 =3:>=CA>;;4 384 9434 -0B27<0B278=4 3DA27;RD5C
14E>A B84 30B -4A: E4A;RBBC
!4 =027 =B27;DBBV)8CD0C8>= F8A3 IDBRCI;827 14=SC86C
  )27;0D27B274;;4 O 
<< 02770=34;
ID< =B27;DBB 0= 48=4= )8?7>=

 < 4DC4;
 )27A0D14=B27;TBB4;
 1342:D=64= 5TA N55=D=64= =027 34< =C54A=4=
34A *A0=B?>ACB8274AD=64=

E;A31+0-: '-92A-</ >;64=34 -4A:I4D64 B8=3 78;5A4827

 (8=6B27;TBB4; )-  ID< =C54A=4= 34A *A0=BV
?>ACB8274AD=6
 -0BB4AF0064 ID< DBA827C4=

*4-::<5/-5
)   <<
*   <<
+   <<
4F827C 20  :6

 )C0=3B8274A748C 8BC F827C86 30<8C 384 -0B27<0B278=4

<.:;-33.3C+0- 148< )27;4D34A= =827C WF0=34ACJ
D5BC4;;5;R274 <DBB 54BC D=3 414= B48= %827C 64486=4C
B8=3 F48274 >34=14;R64 I U *4??8271S34= >34A
S34= <8C )270D<BC>55AT2:4=
-4== 384 -0B27<0B278=4 0D5 48=4A >;I10;:4=342:4
0D564BC4;;C F4A34= B>;;

-0B27<0B278=4 <S6;827BC 8= 48=4A 2:4 0D5BC4;V
;4=

-0BB4A14BCR=3864 >;I?;0CC4 <8=  << 382:
0D5 34< DQ1>34= 54BCB27A0D14=

4ARC45TQ4 34A -0B27<0B278=4 <8C 0;C4;0B274=
1454BC864=
-4== 384 -0B27<0B278=4 0D5 48=4< )>2:4; 0D564V
BC4;;C F4A34= B>;;

4ARC45TQ4 34A -0B27<0B278=4 <8C 0;C4;0B274=
1454BC864=
 0;C4;0B274= 0DB0CI B8=3 148< 0277R=3;4A
>34A 148< "D=34=384=BC 4A7R;C;827
4BC4;;V%A -. 

+=C4A10D >34A 8=10D E>A 34< =B27;DBB 0= 384

%5;-9*)< 6,-9 )CA><E4AB>A6D=6 E>A=47<4=
15*)< ,-: -9C;-: 0B 4ARC :0== 8= 48=4 "T274=I48;4 D=C4AV >34A 48=V
6410DC F4A34= 84AID 8BC 48=4 %8B274=1A48C4 E>=

2< 4A5>A34A;827

-0B27<0B278=4 =DA D=C4A 48=4A 3DA276474=34=
<8C 34= %02710AB27AR=:4= 54BC E4A1D=34=4=
A148CB?;0CC4 0D5BC4;;4=
+0;<5/
48 +=C4A10D 0DB )8274A748CB6AT=34= 0=BC4;;4 34A
4ARC4V1342:?;0CC4 48=4 ;42701342:D=6 E><
027<0== <>=C84A4= ;0BB4=
 ;42701342:D=6 0DB0CI 8BC 148< 0277R=3;4A
>34A 8< "D=34=384=BC 4A7R;C;827
4BC4;;V%A -/ 


 +0;<5/
$9)5:769;G ,>A 34< 4ABC4= 41A0D27 D=1438=6C *A0=B?>ACV
:1+0-9<5/-5 B8274AD=64= 4=C54A=4= D=3 5TA 48=4= B?RC4A4=
-5;.-95-5 *A0=B?>AC I  +<ID6 0D514F07A4=

,>A 34< =C54A=4= 34A *A0=B?>ACB8274AD=64=

)27;RD274 0DB 34= 0;C4AD=64= =47<4=

"AT<<4A 0DB7R=64=

;;4 )27A0D14= <8C )27;TBB4; )-  ;SB4= 18B
384B4 5A48 14F46;827 B8=3

*A0=B?>ACB8274AD=64= :><?;4CC 4=C54A=4= 30148
<8C 48=4A 0=3 3DA27 30B 64S55=4C4 8=5T;;54=BC4A
50BB4= D=3 384 -0B27CA><<4; 4CF0B =027 E>A=
I8474=

1342:D=64= 48=B4CI4=


$9)5:769;:1+0-9<5/-5 *A0=B?>ACB8274AD=64= D=1438=6C 5TA 48=4= B?RC4A4=
)<.*->)09-5 *A0=B?>AC I U +<ID6 0D514F07A4=

*A0=B?>ACB8274AD=64= :><?;4CC 94F48;B )27A0D14
IDB0<<4=64BC42:C <8C )274814 D=3 D27B4 D=3
434A 0D514F07A4=

#+03)<+0G <5,
)*-33C5/-5
152::-1;1/-9 5:+03<::

"   "+

"   "+

+ 5  "+
"   "+

"-+0;::-1;1/-9 5:+03<::

"   "+

"   "+

+ 5  "+
" 
 "+

8<)G#;67G 48< 0277R=3;4A 0;B 0DB0CI 4A7R;C;827

&-93C5/-9<5/::+03)<+0
 =B27;DBBV0A=8CDA <8C "D=BCBC>55V)27;0D27
20  < 4BC4;;V%A -/ 


  #;964:+03)//-.)09
')::-9)5:+03<:: @D0V)C>?V)8274A748CB48=A827CD=6 =827C 8= -0BB4A
C0D274= 4=C7R;C 4;4:CA8B274B ,4=C8;
+< #42:064 >34A -0BB4AB27R34= ID E4A<4834=
8=F48B4 8= 384B4< "0?8C4; D=1438=6C 14027C4=
')::-9A<3)<. +0;<5/
-0B27<0B278=4 =DA <8C :0;C4< *A8=:F0BB4A 14V
CA4814= %827C 0= $8B2710CC4A84 48=4B 3AD2:;>B4=
48QF0BB4A0D514A48C4AB 0=B27;84Q4=
= /F4854;B5R;;4= E>< 027<0== 0=B27;84Q4= ;0BB4=
-0BB4AID;0D5B27;0D27 =827C
 :=82:4= >34A @D4CB274=
 E4AR=34A= >34A 3DA27B27=4834= 4BC86:48C 8BC
=827C <47A 64FR7A;48BC4C
-0BB4A3AD2: 8< #48CD=6B=4CI 14027C4=
 4A -0BB4A3AD2: B>;; 8< 4A4827 E>=   10A
;8464= 148 0D5643A47C4< -0BB4A707= 5;84Q4=
<8=34BC4=B  #8C4A
$8=DC4
 48 7S74A4< -0BB4A3AD2: AD2:<8=34AE4=C8; 48=V
10D4=

-0BB4AID;0D5B27;0D27 0< -0BB4A707=
0=B27;84Q4=

)+0 ,-4 5:+031-B-5

-0BB4A707= 60=I S55=4=

827C748C 34A =B27;DBBV)C4;;4= ?AT54=

+(,  ++


')::-9)*3)<. +0;<5/
1;0D5B27;0D27 =827C :=82:4= >34A 8= 384 #R=64
I8474=
S74=D=C4AB27843 IF8B274= D5BC4;;5;R274 D=3 1V
5;DBB 7S27BC4=B  2<
1;0D5 8= 48=4= )8?7>=

=B27;DBBV)C4;;4 <8C )27;0D27B274;;4
O

<< 02770=34; B8274A=

1;0D5 8= 48= -0B27142:4=

+0;<5/
,4AB27;DBBV)CS?B4; 30A5 34= 15;DBB 34B -0B27V
142:4=B =827C E4AB27;84Q4=

1;0D5B27;0D27 6464= 4A0DBADCB274= B8274A=

48< 1?D<?4= ?AT54= >1 30B -0BB4A B27=4;;
64=D6 01;RD5C


 -0B27<0B278=4 <8C 8;54 34A E84A E4ABC4;;10A4=
<:91+0;-5 4ARC45TQ4 D=3 48=4A -0BB4AF0064 0DBA827C4=

">=C4A<DCC4A
<8C )27A0D14=B27;TBB4; 8< +7AI48V
64AB8== ;SB4=

S74 3DA27 A474= 34B 4ARC45DQ4B  E4AR=34A=

">=C4A<DCC4A
6464= 30B 47RDB4 54BCI8474=
4= DQ 30148 54BC70;C4= D=3 8= 34A S74 =827C
E4ABC4;;4=
;;4 E84A 4ARC45TQ4 <TBB4= 54BC 0D5 34< >34=
BC474= 84 -0B27<0B278=4 30A5 =827C F02:4;=
84 ">=C4A<DCC4A= 0;;4A E84A 4ARC45TQ4 <TBB4= 54BC
6464= 30B 47RDB4 64B27A0D1C B48=
+0;<5/
)C0A:4 4ARDB2718;3D=6 ,81A0C8>=4= D=3 -0=34A=
:S==4= >;64 48=4A =827C :>AA4:C4= DBA827CD=6 B48=


 +0;<5/
3-2;91:+0-9 =B27;DBB 34A -0B27<0B278=4 =DA 0= -427B4;V
5:+03<:: BCA><
T14A E>AB27A85CB<RQ86 8=BC0;;84AC4 )27DCIV
:>=C0:CV)C42:3>B4
%4CIB?0==D=6 D=3 )?0==D=6B0=6014 0= 34A
-0B27<0B278=4 4ARC4B278;3 <TBB4= T14A48=V
BC8<<4=
=B27;DBBF4AC B>F84 4A5>A34A;8274 )8274AD=6 B8=3 0D5
34< 4ARC4B278;3 0=646414=
)8274ABC4;;4= 30BB
 %4CIBC42:4A D=3 )C42:3>B4 IDB0<<4=?0BB4=
 34A #48CD=6B@D4AB27=8CC 0DBA4827C
 30B A3D=6BBHBC4< E>AB27A85CB<RQ86 8=BC0;;84AC 8BC
%4CI;48CD=6BF427B4; F4== =SC86 =DA 3DA27 ;4:CA>V
027:A05C
AB0CIV%4CI;48CD=6 148< "D=34=384=BC 4A7R;C;827
"48=4 $47A5027BC42:4A
V:D??;D=64= D=3 ,4A;R=64V
AD=6B:014; E4AF4=34=
-8A3 48= 47;4ABCA><V)27DCIB270;C4A E4AF4=34C =DA
48=4= *H? <8C 384B4< /48274= 48=B4CI4= 
%DA 384B4B /48274= 60A0=C84AC 384 A5T;;D=6 34A 74DC4
6T;C864= ,>AB27A85C4=
%4CIBC42:4A =827C <8C 54D27C4= R=34= 48=BC42:4=

0DB 34A )C42:3>B4 I8474=

%4CIBC42:4A =DA 0< )C42:4A =827C 0< "014; 0DB 34A
)C42:3>B4 I8474=


 4E>A )84 384 -0B27<0B278=4 CA0=B?>AC84A4=
$9)5:769;1-9-5  -0BB4A707= B27;84Q4=
A
 *-1 %4A</
 A4BC;8274 -0B27;0D64 01;0BB4= B8474 01 )48C4 
 -0BB4A3AD2: 8< /D;0D5B27;0D27 0110D4=
B8474
01 )48C4 
 -0B27<0B278=4 E>< )CA><V%4CI CA4==4=
 -0BB4AIDV D=3 -0BB4A01;0D5B27;0D27 01V
<>=C84A4=
 *A0=B?>ACB8274AD=64= 48=10D4=
%027 34< *A0=B?>AC D=3 34< B02764<RQ4= D5BC4;V
;4= D=3 =B27;84Q4= ID4ABC 30B /DB0CI?A>6A0<<
W1?D<?4= ;0D54= ;0BB4= 14E>A 30B 4ABC4 -0B27V
?A>6A0<< 64BC0AC4C F8A3
 
 
84 1342:D=64= 01=47<4=

  


*A0=B?>ACB8274AD=6 E>A14A48C4=
)27A0D14 B>F48C 0DB 34A T;B4 I8474= 18B
)27A0D14=4=34 1T=386 <8C 34< T;B4=4=34 8BC

*A0=B?>ACB8274AD=64= 48=B4CI4= D=3 )27A0D14=
54BCI8474= %0B4 34A )274814 <DBB 8= %DC 34A 4V
7RDB4AT2:F0=3 6A4854=


 /DBRCI;827 ID 4FR7A;48BCD=6B0=B?AT274= 6464=
8<)G#;67G 34=
,4A:RD54A 0DB 34< "0D5E4ACA06 D=3 IDBRCI;827 ID
)9)5;1- D=B4A4A 4ARC460A0=C84 ;48BC4= F8A AB0CI ID 5>;64=34=
438=6D=64=

 )>;;C4 3DA27 48=4= 47;4A D=B4A4B
@D0V)C>?V)HBC4<B 48= -0BB4AB27034=
E4ADAB027C F4A34= B> 4AB4CI4= F8A )27R34=
?A8E0C4A 41A0D274A
 84B4 05CD=6B60A0=C84 68;C 5TA 384 #414=B30D4A
34B 4ARC4B
 ,>A0DBB4CID=6 34B 0A0=C840=B?AD27B 8BC
30BB
30B 4ARC <8C @D0V)C>? 502764A427C
4=CB?A4274=3 D=B4A4A =;48CD=6 0D564BC4;;C
D=3
0=64B27;>BB4= 8BC B84 B27;84QC 0D27 384
502764A427C4 @D0V)C>?V,4A;R=64AD=6
&A868=0;ID147SA <8C 48= +=B4A4 0A0=C84
4ABCA42:C B827 =827C 0D5 3454:C4 /D;48CD=64= >34A
A<0CDA4= 18B ID< @D0V)C>?V=B27;DBB 0<
-0BB4A707=
 4ARC4 <8C @D0V)C>? 1A0D274= )84 6AD=3BRCI;827
FR7A4=3 34B 4CA841B =827C ID 140D5B827C864=
1IF 30=027 3DA27 )27;84Q4= 34B -0BB4A707=B
ID B8274A= #4386;827 5TA 34= 0;; 48=4A ;R=64A4=
1F4B4=748C E>= 7A4A ->7=D=6 I U 148 48=4<
<47AFS27864< +A;0D1 8BC 34A -0BB4A707= ID
B27;84Q4=

  34
) $%) #*(&(M* $