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>GJEMD9J D9 FGJE9 
M9F<G D9 FGJE9 =K MF9 HJ=K;JAH;A\F  >GJEMD9JD9 =F =D D=F?M9B= K=
DD9E9 9 N=;=K EGDBJA<68>VC <= D9 FGJE9 
(9K >GJEMD9;AGF=K <= D9K FGJE9K H=JL=F=;=F 9D D=F?M9B=  (=F?M9B=
LA=F= =F =KL= ;9KG IM= K=J =FL=F<A<G =F MF K=FLA<G 9EHDAG  1F9 DMR <=
LJV>A;G  HGJ =B=EHDG  FGJE9DE=FL= KAJN= ;GEG >GJEMD9;A\F <= MF9 FGJE9 
1F ?=KLG G MF9 EAJ9<9  AF;DMKG ;M9F<G FG N9F 9;GEH9[9<GK <= H9D9:J9K 
9D?MF9K N=;=K =PHJ=K9F MF E9F<9LG 
(9 <AKLAF;A\F =FLJ= FGJE9 Q >GJEMD9;A\F <= D9 FGJE9 J=;M=J<9 D9 <AK

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EMD9;A\F <= D9 FGJE9 HG<JZ9 L9D N=R <VJK=D= =D FGE:J= <= K=FL=F;A9  ,=JG
=K <=:9LA:D= IM= 9 LG<9K D9K FGJE9K HM=<9 <VJK=D=K =D FGE:J= <= HJGHG

KA;AGF=K Q =K =NA<=FL= IM= 9 9D?MFGK LAHGK <= FGJE9K FG HM=<= <VJK=D=K
=KL= FGE:J= NX9K= EVK 9<=D9FL=  K=;;   
!K ;GE_F <AKLAF?MAJ =FLJ= D9K <GK <AE=FKAGF=K K=EVFLA;9K <= H:CI>9D
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J=>=J=F;A9 =K =D =:8=D IM= @9;= N=J<9<=J9 D9 HJGHGKA;A\F =PHJ=K9<9 HGJ D9
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IM= K\DG D9K K=FL=F;A9K IM= =PHJ=K9F HJGHGKA;AGF=K N=J<9<=J9K LA=F=F J=

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F=K K=EVFLA;9K 9JJA:9 E=F;AGF9<9K  ,GJ DG E=FGK  D9K FGJE9K IM= KGF ,M=<=  HGJ KMHM=KLG  <9JK= G:B=LAN9E=FL= =D ;9KG <= IM= 9D?_F 9?=FL=
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K=EVFLA;9 <=D <AK;MJKG HJ=K;JAHLANG =K ;9J9;L=JZKLA;9E=FL= <A>=J=FL= <= K9JA9  (9 =PAKL=F;A9 <= D9 ;GF=PA\F FG <=H=F<= <= KM >GJEMD9;A\F =F H9D9

D9 K=EVFLA;9 <=D <AK;MJKG <=K;JAHLANG  *G @9Q IM= H=FK9J IM= D9K @=JJ9
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Q ;GF<A;AGF=K <= 9HDA;9;A\F N=J ;9H  2  K=;;K  
  =K MF =KD9:\F =K=F;A9D =F D9 >GJE9 =F IM= D9K J=?D9K <= MF BM=?G FGJE9DE=FL= DG KGF FA KGF
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MKG <= H9D9:J9K H9J9 @9;=J HJGE=K9K ;>  ;9H  2%%  K=;;    E:GK MKGK G LZHA;G  = LG<9K D9K ;GK9K IM= HM=<=F J9RGF9:D=E=FL= K=J AF;DMA<9K : 9 B G
HM=<=F DD9E9JK= MKGK :?:8JIDG>DH <=D A<AGE9  (9 =B=;M;A\F N=J:9D =K  9<=
=D LZLMDG FGJE9K  D9K ;GKLME:J=K KGF HJG:9:D=E=FL= D9K E=FGK <=H=F

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<= D9 FGJE9 Q =D KMB=LG <= D9 FGJE9 Q <=D IM= @9;= D9 HJGE=K9 Q =D IM= ;GFKA<=J9JK= =K=F;A9D H9J9 D9K ;GKLME:J=K =D IM= K\DG HM=<=F =PAKLAJ <=F

D9 J=;A:=  LJG <= ;GEMFA<9<=K ;GF MF D=F?M9B= G KA K= HM=<= @9:D9J <= ;GKLME:J=K
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9:C 9:A A:C<J6?:  (9 =PAKL=F;A9 <= HJ=K;JAH;AGF=K F=;=K9JA9E=FL= HJ=KMHGF= =KL9 ;M=KLA\F HM=<= ;GFLJA:MAJ <= EG<G AFL=J=K9FL= 9 D9 >GJE9;A\F <=D
=D MKG <=D D=F?M9B= =F D9K >GJEMD9;AGF=K <= D9K FGJE9K  !KLG FG =KLV =F 8DC8:EID <= ;GKLME:J=  /AF =E:9J?G  FG DG <AK;MLAJ=EGK 9IMZ 
HM?F9 ;GF =D @=;@G <= IM= HJ=K;JAH;AGF=K IM= FG @9F KA<G 9:A=JL9E=FL= MF ;M9F<G MFG FG HM=<9 E9FL=F=J =D ;9JV;L=J <= <=H=F<=F;A9 <=D
>GJEMD9<9K HM=<9F 9 N=;=K DD=?9J 9 <=<M;AJK= ;GEG ;GFK=;M=F;A9K D\?A;9K D=F?M9B= <= D9K FGJE9K KAF K9DN=<9<=K Q J=KLJA;;AGF=K  =K G:NAG IM= @9Q
<= GLJ9K HJ=K;JAH;AGF=K  AK;MLAJ=EGK =F =D ;9HZLMDG 2%0% =D KA?FA>A;9<G <= MF9 <A>=J=F;A9 ;9J9;L=JZKLA;9 =FLJ= D9K FGJE9K Q DGK N9DGJ=K =F KM J=KH=;

=KL9K <=<M;;AGF=K  LAN9 J=D9;A\F ;GF =D D=F?M9B=  -MARV @9Q9 L9E:AXF LAHGK <= =N9DM9;A\F IM=
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 g/GF LG<9K D9K FGJE9K <=H=F<A=FL=K <=D D=F?M9B= g,M=<=F  HGJ HGKA:D=K =FLJ= K=J=K IM= FG <GEAF9F MF D=F?M9B=  ,=JG =K A?M9DE=FL=
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D=F?M9B= Q IM= FG K=9F ;GFK=;M=F;A9K D\?A;9K <= J=?D9K >GJEMD9<9K /= HJ=
DAF?`ZKLA;G =FLJ= DGK 9FAE9D=K Q DGK FA[GK  $9:D9F<G =F LXJEAFGK
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J=?D9K NAXF<GDG BM?9J  HGJ =B=EHDG  ,=JG =KLG FG HJM=:9 IM= D9K J=?D9K HD9;=J Q =D <=K=G D9K FGJE9K =KLVF ;GF;=HLM9DE=FL= =F MF FAN=D KMH=JAGJ 
FG F=;=KAL=F @9:=JK= >GJEMD9<G =F 9D?MF9 =L9H9  !K  HGJ =D ;GFLJ9JAG  J9
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RGF9:D= H=FK9J IM= D9K FGJE9K IM= KGF J=?D9K L9E:AXF <=H=F<=F <=D D=F
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;GF J=KH=;LG 9D D=F?M9B= 
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 (DGB6 N 688>VC (DGB6H
 A:C<J6?: N K:G969 

AEH=J9LANG (9 HJ=?MFL9 FG HM=<= ;GFL=KL9JK= =F :9K= 9 ;GFKA<=J9;AGF=K


K=FL=F;A9K IM= KGF <= H9JLA;MD9J AEHGJL9F;A9 H9J9 =D D=F?M9B= <= D9K FGJ

<= >GJE9 ?J9E9LA;9D KGD9E=FL= 


E9K  1FG <= =DDGK KGF D9K GJ9;AGF=K =F BD9D >BE:G6I>KD  !D GLJG KGF D9K
(9K K=FL=F;A9K AEH=J9LAN9K IM= K= MK9F ;GEG >GJEMD9;AGF=K <= FGJE9K
K=FL=F;A9K IM= ;GFLA=F=F DG IM= HJGHGF?G DD9E9J N=J:GK 9MPADA9J=K 9:VC
K= MK9F HJAF;AH9DE=FL= H9J9 =FMF;A9J HJ=K;JAH;AGF=K  !K @9KL9 ;A=JLG HMFLG
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HD9MKA:D= H=FK9J IM= LG<9 HJ=K;JAH;A\F <= ;9JV;L=J
+  =K <=;AJ  E9F<9LGK
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L=F;A9K <=\FLA;9K 
AEH=J9LANGk9MFIM= H9JL= <= D9 HD9MKA:ADA<9< F9;= <= FM=KLJ9 AF;DAF9;A\F
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9 @9;=J <=D KA?FA>A;9<G <= D9 K=FL=F;A9 MF ;JAL=JAG H9J9 AA6B6G AEH=J9LANG
;GF;=JFA=FL=K 9 D9 J=D9;A\F <= D9K GJ9;AGF=K AEH=J9LAN9K ;GF D9K FGJE9K 
9 KM EG<Gk  ,=JG D9K HJ=K;JAH;AGF=K H=JEAKAN9K G HJ=K;JAH;AGF=K <= ;9

6 g/= MK9F D9K GJ9;AGF=K AEH=J9LAN9K  = AF;DMKG =P;DMKAN9E=FL=  ;GEG JV;L=J


, K= =PHJ=K9F ;GE_FE=FL= HGJ E=<AG <= K=FL=F;A9K <=\FLA;9K  MK9F

>GJEMD9;AGF=K <= FGJE9K <G =D N=J:G HM=<= =F ;GE:AF9;A\F ;GF =D N=J:G IM= =PHJ=K9 D9 9;;A\F
H=JEALA<9  /A LGE9EGK DGK H=JEAKGK HGJ HJG@A:A;AGF=K <AJA?A<9K 9 MF L=J

: g,M=<=F LG<9K D9K FGJE9K >GJEMD9JK= HGJ E=<AG <= GJ9;AGF=K AE

;=JG  HG<JZ9EGK 9J?`AJ IM= HM=<=F >GJEMD9JK= AF<AJ=;L9E=FL= =F LXJEA

H=J9LAN9K
FGK <= AEH=J9LANGK FG AFL=JN=F?9   H=JEZL9D= @9;=J   ,=JG 9MF 9KZ 
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K= KA?M=  FG G:KL9FL=  IM= LG<GK DGK MKGK <=D EG<G AEH=J9LANG K= J=<MR;9F LALMD9J  K= =PHJ=K9F FGJE9DE=FL= HGJ E=<AG <= K=FL=F;A9K
HM=<= 
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LA=F= DM?9J =F D9K HD=?9JA9K  !D H9F FM=KLJG <= ;9<9 <Z9  <VFGKD= @GQ  FGJE9D H9J=;= K=J D9 <= =FMF;A9J H=JEAKGK  )= J=>A=JG 9 K=FL=F;A9K <= D9
HAV<9L= <= FGKGLJGK  =;AJ IM= =KL9K K=FL=F;A9K =PHJ=K9F E9F<9LGK FG >GJE9 @9?9 =KLG
Q
=KLG  KA IMA=J=  G @9?9 =KLG
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A?FGJ9J ;9J9;L=JZKLA;9K AEHGJL9FL=K <= D9 D\?A;9  (9 D\?A;9 <= D9 HD=?9JA9 @9?9 =KLG
Q
=KLG =PHJ=K9F L9E:AXF H=JEAKGK Q FG E9F<9LGK G HJG@A:A;AG

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=KH=;A= IM= DD9E9EGK HJ=K;JAH;AGF=K  FA <= FAF?MF9 <= D9K GLJ9K =KH=;A=K AF<A;9 ;JM;= 9@GJ9  D9 FGJE9 HJ=K;JAH;A\F IM= K= E= <AJA?= ;GF =KL9K
IM= @=EGK <AKLAF?MA<G  GEG K9:=EGK  =D KA?FA>A;9<G <=D LXJEAFG FGJE9 H9D9:J9K =K MF H=JEAKG H9J9 ;JMR9J D9 ;9DD= Q FG MF E9F<9LG <= IM=
=K N9?G Q >D=PA:D=  *G @9Q >MF<9E=FLG KM>A;A=FL=  FG G:KL9FL=  H9J9 IM= DG @9?9  
D9K HD=?9JA9K K=9F DD9E9<9K FGJE9K  /=JZ9 H=<9FL= <=;AJ IM= MF H=JEAKG =KLV >GJEMD9<G AF;GJJ=;L9E=FL=
+LJGK MKGK LZHA;GK <=D EG<G AEH=J9LANG  IM= FG KGF =D <= E9F<9J  KGF HGJIM= =KLV =F =D EG<G AEH=J9LANG  ,=JG H9J=;= HD9MKA:D= ;GFKA<=J9J D9K
D9K H=LA;AGF=K HGJ >9NGJ  <9E=  Q D9K 9<N=JL=F;A9K FG ;GF>Z=K =F XD  K=FL=F;A9K AEH=J9LAN9K <= D9 >GJE9 ;9L=?\JA;9 @9?9 =KLG
Q
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