1%29%0-2*361%8-:3

4VIZIRGMzRHI6MIWKSW0EFSVEPIW
IR%XIRGMzR4VMQEVME

ÊVIEHIEXIRGMzREPGPMIRXI
%%'
)(-'-Ñ2 ž)HMGMzRWIKYRHEMQTVIWMzR

8-6%(% INIQTPEVIW
Œ3WEOMHIX^E
%HQMRMWXVEGMzRHIPE'SQYRMHEH%YXzRSQEHIP4EuW:EWGS

-28)62)8 [[[SWERIXRIX

-7&2 

(0

)(-8% 3WEOMHIX^E
%PEZE
:MXSVME+EWXIM^

4:4 )YVSW-:%MRGPYMHS

4jKMRE
4VIWIRXEGMzR
'SQS GSQTPIQIRXS EP 1%29%0 -2*361%8-:3 HI PSW
6MIWKSW +IRIVEPIW HI PSW XVEFENEHSVIW IR IP jQFMXS
WERMXEVMS3WEOMHIX^EGVIEYRRYIZSHSGYQIRXSTEVEMRJSVQEV
E WYW XVEFENEHSVIW WSFVI PSW 6MIWKSW )WTIGuJMGSW HI WY
TYIWXSHIXVEFENS

'SRYRGEVjGXIV IQMRIRXIQIRXI TVjGXMGS WI HIWGVMFIRIRIP

TVIWIRXIHSGYQIRXSPSW6MIWKSW)WTIGuJMGSW I\MWXIRXIWIR
IP49)783() Ê6)%()%8)2'-Ñ2%0'0-)28) %%' 
EWuGSQSVIGSQIRHEGMSRIWTEVEPETVIZIRGMzRHIPSWQMWQSW

0EHMZYPKEGMzRHIIWXEMRJSVQEGMzRWYTSRIYRTEWSEHIPERXI
IR IP GSQTVSQMWS EHSTXEHS TSV 3WEOMHIX^E TEVE KEVERXM^EV
YREWGSRHMGMSRIWHIXVEFENSEHIGYEHEWIMRXIKVEVPETVIZIRGMzR
IRRYIWXVSWGIRXVSWHIXVEFENS

7)6:-'-3()46):)2'-Ñ2




1IHMHEWHITVIZIRGMzRERXI
EGGMHIRXIW
 'SPSUYI PSW SFNIXSW HI JSVQE IWXEFPI WSFVI EVQEVMSW
FEPHEWZMXVMREWIXG]VIXMVIPSMRRIGIWEVMS

 2SHINISFNIXSWTIWEHSWMQTVIWSVEWJSXSGSTMEHSVEWIXG
WSFVIQIWEWSFEPHEWMRIWXEFPIW

 2S GSPSUYI IR PEW ^SREW HI TEWS HI WY jVIE HI XVEFENS
IUYMTSWQIWEWQEXIVMEPIXG

6IGYIVHI
1ERXIRKEWYTYIWXSHIXVEFENS
IRGSVVIGXEWGSRHMGMSRIWHI
SVHIR]PMQTMI^E




 %PQEGIRIIPQEXIVMEPHIJSVQESVHIREHE

 2S WSFVIGEVKYI IRGLYJIW RM VIKPIXEW ] RS YXMPMGI GEFPIW

TIPEHSW

 9XMPMGI PSW IUYMTSW MQTVIWSVEW JSXSGSTMEHSVEW IXG  ] IP

QSFMPMEVMS HI JSVQE GSVVIGXE ] WIKR PEW MRWXVYGGMSRIW HIP
JEFVMGERXI TEVE TVIZIRMV UYIQEHYVEW EXVETEQMIRXSW
GSVXIWKSPTIWIXG

7zPSEGGIHEEPEW^SREWTIVQMXMHEWTSVIPJEFVMGERXI

-RJSVQIEWYVIWTSRWEFPI
HIPEWERSQEPuEWSHIJIGXSW
HIXIGXEHSWIRIUYMTSW
MRWXEPEGMSRIWQSFMPMEVMSIXG
QIHMERXIYRTEVXIHIEZIVuE




1IHMHEWHITVIZIRGMzRERXI
TSWXYVEWJSV^EHEW
 )ZMXI XVEWXSVRSW QWGYPSIWUYIPqXMGSW HIFMHSW E TSWXYVEW
MREHIGYEHEWEPVIEPM^EVXEVIEWGSRTERXEPPEWHISVHIREHSV
WMKYMIRHSPEWVIGSQIRHEGMSRIWHIPHSGYQIRXSMRJSVQEXMZS
TEVEµ4YIWXSWUYIQERINIRTERXEPPEWHISVHIREHSV¶

 )RWYTYIWXSHIXVEFENSVIKYPIPEWMPPE]GSPSUYIPETERXEPPEE
PEEPXYVEEHIGYEHEIRJYRGMzRHIWYWGEVEGXIVuWXMGEWJuWMGEW

 8IRKEIRGYIRXESXVSWIPIQIRXSWRIGIWEVMSWIRWYTYIWXS
HI XVEFENS XIPqJSRS XIGPEHS VEXzR MQTVIWSVE IXG ]
GSPzUYIPSWHIJSVQEGzQSHE]EGGIWMFPI

4VSQYIZEIPEYXSGYMHEHS
VIEPMGIINIVGMGMSWHIVIPENEGMzR

*YIRXIHIMPYWXVEGMSRIW-27,8




6IGSQIRHEGMSRIWKIRIVEPIW
 1ERXIRKEWYTYIWXSHIXVEFENSIRGSVVIGXEWGSRHMGMSRIW
HI SVHIR ] PMQTMI^E ] HMWTSRKE RMGEQIRXI HI PS
IWXVMGXEQIRXIRIGIWEVMS

 'SPSUYIHIJSVQEGzQSHE]EGGIWMFPIIRWYTYIWXSHI
XVEFENSTERXEPPEXIGPEHSXIPqJSRSMQTVIWSVEIXG

 2SQERXIRKETSWXYVEWJSV^EHEWIRWYTYIWXSHIXVEFENS

 2SXMJMUYIEWYVIWTSRWEFPIMRQIHMEXS]EPE9RMHEH&jWMGE
HI 4VIZIRGMzR PSW EGGMHIRXIW S MRGMHIRXIW UYI WI
TVSHY^GERIRWYTYIWXSHIXVEFENS

 4EVXMGMTIIRIP4PERHI)ZEGYEGMzRHIWY'IRXVS

=VIGYIVHI
9R IRXSVRS PEFSVEP EHIGYEHS IW EUYqP
HSRHI PEW RSVQEW qXMGEW WSR PE VIKPE
FjWMGEHIEGXYEGMzR
 -2*361%>-3+-(%

0ILIR%XIRX^MSOS0ER%VVMWOYIR
4VIFIRX^MSE

&I^IVSEEXIRHMX^IOSIVIQYE
&%)
)(->-3% )HM^MSEFMKEVVIR-RTVMQEX^IE

8-6%(% EPI
Œ3WEOMHIX^E
)YWOEP%YXSRSQME)VOMHIKSOS%HQMRMWXVE^MSE

-28)62)8 [[[SWERIXRIX

-7&2 

(0

)(-8%8>%-0)% 3WEOMHIX^E
%VEFE
:MXSVME+EWXIM^

474 )YVS&)>FEVRI

3VVME
%YVOI^TIRE
3WEOMHIX^EOHSOYQIRXYFIVVMFEXIKMRHYFIVIPERKMPIIMFIVIR
PERTSWXYIXEOS PEREVVMWOY FIVI^MIR FIVVM IQEXIOS SWEWYR
IVIQYER PERKMPIIR %VVMWOY 3VSOSVVEO +-(%0-&969%VIR
SWEKEVVM

-OYWTIKMIVEFEXTVEOXMOSFEXI^HSOYQIRXYLSRIXERHIWOVMFEX^IR
HMVE &)>)63% %8)2(-8>)/3 )6)19/3 0%243789%2
&%) HEYHIR %VVMWOY &IVI^MEO IXE EVVMWOY LSVMIO TVIFIRMX^IOS
KSQIRHMSEO

-RJSVQE^MS LEY ^EFEPX^IE EYVVIVETEYWS FEX HE 3WEOMHIX^EO

PERFEPHMRX^E IKSOMEO FIVQEX^IOS IXE TVIFIRX^MSE KYVI
^IRXVSIXERMRXIKVEX^IOSLEVXYXEOSOSRTVSQMWSER

46)&)28>-3>)6&-8>9%

3VVME
4VIFIRX^MSRIYVVMEO
MWXVMTYIXER
 3FNIOXYEO IKSROSVXEWYRI^ NEVVM EVQEMVY ETEP FIMVE
EVEWEVIR IXE LSVVIPEOSIR KEMRIER IXE FILEV I^ HIRE
IVVIXMVEXY

 )^ YX^M SFNIOXY EWXYREO QELEM IHS EVEWE I^IKSROSVVIR

KEMRIERMRTVMQEKEMPYEOJSXSOSTMEKEMPYEOIXEEFEV 

 )^NEVVM^YVIPERIVIQYOSTEWEFMHIIXERIOMTSEOQELEMEO
QEXIVMEPEIXEF

+SKSVEXY
1ERXIRHY^YVIPERTSWXYEFILEV
FI^EPESVHIREXYXEIXEKEVFM

3VVME
 1EXIVMEPESVHIREXYXETMPEXY

 )^ KEMROEVKEXY IRX\YJIVMO I^ IVVIKIPIXEVMO IXE I^ IVEFMPM

OEFPI^YVMXYVMO

 )OMTSEO MRTVMQEKEMPYEO JSXSOSTMEKEMPYEO IXEF  IXE

EPX^EVMEO ^Y^IR IVEFMPM IXE JEFVMOEX^EMPIEVIR E^EPTIRIM
NEVVEMXY^ IVVIHYVEO LEVVETEOIXEO IFEOMEO OSPTIEO IXEF
IOMHMXIOS

7EVXYJEFVMOEX^EMPIEOFEMQIRHYXEOSIVIQYIXEVEFEOEVVMO

.EOMREVE^M^YVIEVHYVEHYREVM
IOMTSMRWXEPE^MSEPX^EVMIXE
EFEVVIXERERX^IQERHEOS
ERSQEPMEOIHSEOEXWEO
QEX\YVETEVXIFEXIRFMHI^

3VVME
4VIFIRX^MSRIYVVMEONEVVIVE
FILEVXYIXER
 7EMLIWXY SVHIREHSVITERXEMPEVIOMR PER IKMXIER LEVX^IR HMVIR
NEVVIVE HIWIKSOMEO HMVIPE IXE WSVX^IR HMVIR XVEWXSVRS
QYWOYPYIWOIPIOXMOSEOµSVHIREHSVITERXEMPEIVEFMPX^IRHYXIR
PERTSWXYEO¶MRJSVQE^MSHSOYQIRXYOSKSQIRHMSIMNEVVEMXY^

 )VVIKYPEXY EYPOME ^YVI PERTSWXYER IXE NEVVM TERXEMPE EPXYVE

IKSOMER^YVII^EYKEVVMJMWMOSIREVEFIVE

 /SRXYER LEVXY ^YVI PERTSWXYER FILEV HMVIR FIWXI IPIQIRXY

FEX^YO XIPIJSRSE XIOPEXYE WEKYE MRTVMQEKEMPYE IXEF IXE
NEVVMMX^E^YPIOYIVSWSERIXEIVVE^MVMWXIOSQSHYER

7YWXEXYEYXS^EMROIXEIXEIKMR
IVPE\E^MSEVMOIXEO

-VYHMMXYVVME-27,8

3VVME
+SQIRHMSSVSOSVVEO
 1ERXIRHY^YVIPERTSWXYESRKMSVHIREXYXEIXEKEVFMIXE
FIVXERFILEVHY^YREFEMRSI^M^ER

 .EVVM ^YVI PERTSWXYER IVSWS IXE IVVE^ MVMWXIOS QSHYER

TERXEMPEXIOPEXYEXIPIJSRSEMRTVMQEKEMPYEIXEF

 )^QERXIRHY^YVIPERTSWXYERNEVVIVEFILEVXYVMO

 .EOMREVE^M ^YVI EVHYVEHYR LYVFMPIREVM IXE 4VIFIRX^MSOS

3MREVVM^OS 9RMXEXIEVM ^YVI PERTSWXYER KIVXEX^IR HMVIR
MWXVMTYEOIHSKSVEFILIVEO

 4EVXILEVXY^YVI^IRXVSOS)ZEOYE^MS4PERIER

)XEKSKSVEXY
0ERIVIQYFEXIKSOMEHIPEFIVXER
EVEYIXMOSEONEVHYREVEYREKYWM
HMVIRIER