Der fiebernde Planet

'HU)LHEHUQGH3ODQHW ,VDDF$VLPRY 6FDQQHU" ./HVHU" 2ULJLQDOILOH ,VDDF$VLPRY 'HUILHEHUQGH3ODQH...

Author: Asimov Isaac

36 downloads 427 Views 2MB Size Report

This content was uploaded by our users and we assume good faith they have the permission to share this book. If you own the copyright to this book and it is wrongfully on our website, we offer a simple DMCA procedure to remove your content from our site. Start by pressing the button below!

Report copyright / DMCA form

DOWNLOAD PDF

'HU)LHEHUQGH3ODQHW ,VDDF$VLPRY

6FDQQHU" ./HVHU" 2ULJLQDOILOH ,VDDF$VLPRY 'HUILHEHUQGH3ODQHW I), =NUWI 1HXJHVHW]WP\FURIW[[[

Inhalt

(LQ-DKUYRUKHU 'HU)LQGOLQJ 'HU2UWVYHUZDOWHU 'LH%LEOLRWKHNDULQ 'HU5HEHOO 'HU:LVVHQVFKDIWOHU 'HU%RWVFKDIWHU 'HU3ROL]HLEHDPWH 'LH*URKHUULQ 'HU*URKHUU 'HU)OFKWOLQJ 'HU.DSLWlQ 'HU'HWHNWLY 'HU-DFKWSLORW 'HU$EWUQQLJH 'LH*HIDQJHQH 'HU$QJHNODJWH 'LH$QNOlJHULQ 'LH6LHJHU (LQ-DKUGDQDFK

352/2*

(LQ-DKUYRUKHU 'HU0DQQYRQGHU(UGHIDWHHLQHQ(QWVFKOX(UZDUODQJVDPXQG ]|JHUQGLQLKPJHUHLIWGRFKQXQVWDQGHUIHVW :RFKHQZDUHQYHUJDQJHQVHLWHUVHLQEHKDJOLFKHV5DXPVFKLIIXQG GHQ GXQNOHQ :HOWUDXP YHUODVVHQ KDWWH 8UVSUQJOLFK KDWWH HU QXU UDVFKGHU|UWOLFKHQ=ZHLJVWHOOHGHV,QWHUVWHOODUHQ5DXPDQDO\WLVFKHQ %URV HLQHQ %HULFKW EHUJHEHQ XQG QRFK UDVFKHU LQGHQ:HOWUDXP ]XUFNNHKUHQ ZROOHQ 6WDWWGHVVHQ KLHOW PDQ LKQ QXQ KLHU IHVW (V ZDUIDVWZLHHLQ*HIlQJQLV(UWUDQNVHLQHQ7HHDXVXQGEOLFNWHGHQ 0DQQDXIGHUDQGHUHQ6HLWHGHV7LVFKHVDQª,FKEOHLEHQLFKWPHKU KLHU©'HUDQGHUH0DQQIDWHHLQHQ(QWVFKOX(UZDUODQJVDPXQG ]|JHUQG LQ LKP JHUHLIW GRFK QXQ VWDQG HU IHVW (U PXWH =HLW JHZLQQHQYLHOPHKU=HLW (UKDWWHDXIVHLQHHUVWHQ%ULHIHNHLQH$QWZRUWHUKDOWHQ0HKUKDWWH HU ]ZDU QLFKW HUZDUWHW DEHU HV ZDU QXU GHU HUVWH 6FKULWW JHZHVHQ -HGHQIDOOV PXWH HU ZlKUHQG HU ZHLWHUH 6FKULWWH LQ GLH :HJH OHLWHWH YHUKLQGHUQ GD GHU 0DQQ YRQ GHU (UGH VLFK !DXV GHP 6WDXEH PDFKWH (U XPNODPPHUWH GHQ JODWWHQ VFKZDU]HQ 6WDE LQ VHLQHU 7DVFKH XQG VDJWH ª6LH ZLVVHQ QLFKW ZLH KHLNHO GLH $QJHOHJHQKHLWLVW©ª:DVLVWKHLNHODP8QWHUJDQJHLQHV3ODQHWHQ"© HUZLGHUWH GHU 0DQQ YRQ GHU (UGH ª,FK YHUODQJH GD 6LH DOOH (LQ]HOKHLWHQ DXI 6DUN EHNDQQWJHEHQ -HGHUPDQQ DXI GHP 3ODQHWHQ 6DUNPXHVHUIDKUHQ©ª'DVJHKWQLFKW6LHZLVVHQJHQDXGDGLHV 3DQLN EHGHXWHQ ZUGH© ª6LH KDEHQ VHOEVW JHVDJW 6LH ZUGHQ HV WXQ © ª,FK KDEH GDUEHU QDFKJHGDFKW (V JHKW QLFKW© 'HU 0DQQ YRQ GHU (UGH EUDFKWH HLQH ]ZHLWH %HVFKZHUGH YRU ª'HU 9HUWUHWHU GHV ,5% LVW QRFK QLFKW KLHU JHZHVHQ© ª,FK ZHL 6LH VLQG DOOH GDPLW EHVFKlIWLJW 0DQDKPHQ JHJHQ GLHVH .ULVH ]X WUHIIHQ (V ZLUG QRFK HLQHQ RGHU ]ZHL 7DJH GDXHUQ© ª(LQHQ RGHU ]ZHL 7DJH ,PPHUKHLWHV!1RFKHLQHQRGHU]ZHL7DJH6LQGGLH,5%/HXWH GHUDUWLJEHVFKlIWLJWGDVLHQLFKWHLQHKDOEH6WXQGHIUPLFKEULJ KDEHQ" 'DV ,5% KDW QRFK QLFKW HLQPDO PHLQH %HUHFKQXQJHQ JHVHKHQ© ª,FK KDEH ,KQHQ DQJHERWHQ GHP %UR ,KUH %HUHFKQXQJ ]X EULQJHQ 6LH ZROOWHQ HV QLFKW© ª,FK ZLOO HV LPPHU QRFK QLFKW 'LH ,5%/HXWH N|QQHQ ]X PLU NRPPHQ© (U ZXUGH KHIWLJHU ª,FK KDEH QLFKW GHQ (LQGUXFN GD 6LH PLU JODXEHQ 6LH JODXEHQ QLFKW GD )ORULQD XQWHUJHKHQ ZLUG© ª,FK JODXEH HV ,KQHQ© ª1HLQ ,FK VHKH,KQHQDQGD6LHPLUQLFKWJODXEHQ6LHODVVHQPLUQXUPHLQHQ :LOOHQ 6LH YHUVWHKHQ PHLQH %HUHFKQXQJHQ QLFKW 6LH VLQG NHLQ 5DXPDQDO\WLNHU ,FK ]ZHLIOH VRJDU GDUDQ GD 6LH GHUMHQLJH VLQG

DOV GHQ 6LH VLFK DXVJHEHQ :HU VLQG 6LH HLJHQWOLFK"© ª6LH UHJHQ VLFKDXI©ª-DDOOHUGLQJV:XQGHUW6LHGDV"2GHUGHQNHQ6LH'HQ DUPHQ 7HXIHO KDW GHU :HOWUDXP HUZLVFKW" 'HQNHQ 6LH LFK VHL YHUUFNW"©ª8QVLQQ©ª1DWUOLFKGHQNHQ6LHGDV8QGHEHQGHVKDOE P|FKWH LFK PLW GHQ ,5%/HXWHQ VSUHFKHQ 'LH ZHUGHQ EHXUWHLOHQ N|QQHQRELFKYHUUFNWELQRGHUQLFKW© 'HU DQGHUH 0DQQ HULQQHUWH VLFK DQ VHLQHQ (QWVFKOX ª6LH IKOHQ VLFK QLFKW ZRKO© VDJWH HU ª,FK ZHUGH ,KQHQ KHOIHQ© ª1HLQ GDV ZHUGHQ 6LH QLFKW WXQ© VFKULH GHU 0DQQ YRQ GHU (UGH K\VWHULVFK ª,FKJHKHMHW]W:HQQ6LHPLFKIHVWKDOWHQZROOHQPVVHQ6LHPLFK W|WHQ $EHU GDV ZHUGHQ 6LH QLFKW ULVNLHUHQ 'DV %OXW HLQHU KDOEHQ 0LOOLDUGH 0HQVFKHQ ZUGH DQ ,KUHQ +lQGHQ NOHEHQ ZHQQ 6LH GDV WlWHQ© $XFK GHU DQGHUH 0DQQ EHJDQQ QXQ ]X VFKUHLHQ DEHU QXU XP VLFK *HK|U ]X YHUVFKDIIHQ ª,FK W|WH 6LH QLFKW +|UHQ 6LH ]X ,FKW|WH6LHQLFKW,FKEUDXFKH6LHJDUQLFKW]XW|WHQ©ª6LHZROOHQ PLFK QLFKW JHKHQ ODVVHQ© VDJWH GHU 0DQQ YRQ GHU (UGH ª6LH ZROOHQ PLFK KLHU HLQVSHUUHQ 8QG ZDV ZHUGHQ 6LH WXQ ZHQQ GDV ,5% PLFK VXFKW" ,FK VROO UHJHOPlLJH %HULFKWH VFKLFNHQ© ª'DV %UR ZHL GD 6LH EHL PLU VLFKHU VLQG© ª6R" ,FK IUDJH PLFK RE GDV%UREHUKDXSWZHLGDLFKKLHUJHODQGHWELQ,FKIUDJHPLFK RE GDV %UR PHLQH 0HOGXQJ HUKDOWHQ KDW© 'HP 0DQQ YRQ GHU (UGH VFKZLQGHOWH (U HPSIDQG ZLH VHLQH *OLHGHU HUVWDUUWHQ 'HU DQGHUH0DQQVWDQGDXI(UZXWHGDHUVHLQHQ(QWVFKOXQLFKW]X IUK JHIDW KDWWH (U JLQJ ODQJVDP XP GHQ ODQJHQ 7LVFK DXI GHQ 0DQQ YRQ GHU (UGH ]X ª(V ZLUG ]X ,KUHP %HVWHQ VHLQ© VDJWH HU EHUXKLJHQGXQG]RJGHQVFKZDU]HQ6WDEDXVGHU7DVFKH 'HU 0DQQ YRQ GHU (UGH VFKULH KHLVHU ª(LQH *HKLUQVRQGH© 6HLQH 6WLPPH EHUVFKOXJ VLFK XQG DOV HU DXIVWHKHQ ZROOWH JHKRUFKWHQ VHLQH $UPH XQG %HLQH QLFKW =ZLVFKHQ GHQ =lKQHQ GLH VLFK LP )LHEHUIURVW ]XVDPPHQELVVHQ VWLH HU KHUYRU ª,Q GLHVHP 7HH ZDU HLQH 'URJH© ª*DQ] UHFKW HLQH 'URJH© VWLPPWH GHU DQGHUH 0DQQ ]X ª1XQ VFKDXHQ 6LH ,FK ZHUGH ,KQHQ QLFKW ZHK WXQ 6LH N|QQHQ ZLUNOLFK QLFKW HUPHVVHQ ZLH KHLNHO GLH $QJHOHJHQKHLW LVW VRODQJH 6LHVRDXIJHUHJWVLQG,FKZHUGHQXUGLH$QJVWYRQ,KQHQQHKPHQ 1XUGLH$QJVW©'HU0DQQYRQGHU(UGHNRQQWHQLFKWVSUHFKHQ(U NRQQWHQXUQRFKHUVWDUUWGHQNHQ*URHU:HOWUDXPLFKELQEHWlXEW ZRUGHQ (U ZROOWH VFKUHLHQ EUOOHQ ODXIHQ (U NRQQWH HV QLFKW 1XQ VWDQG GHU DQGHUH QHEHQ LKP XQG VDK DXI LKQ KHUDE 'HU 0DQQ YRQ GHU (UGH EOLFNWH DXI 6HLQH $XJlSIHO EHZHJWHQ VLFK QRFK 'LH *HKLUQVRQGH EHGXUIWH NHLQHU ZHLWHUHQ $QVFKOVVH ,KUH 'UlKWH EUDXFKWHQQXUDQGLHHQWVSUHFKHQGHQ6WHOOHQGHV6FKlGHOVJHOHJW]X ZHUGHQ 'HU 0DQQ YRQ GHU (UGH EHREDFKWHWH LQ SDQLVFKHP 6FKUHFNHQ ELV VHLQH $XJHQPXVNHOQ HUVWDUUWHQ (U HPSIDQG QLFKW

HLQPDO PHKU GHQ IHLQHQ (LQVWLFK DOV GLH VFKDUIHQ GQQHQ (OHNWURGHQ GLH +DXW XQG GDV )OHLVFK GXUFKGUDQJHQ XP GHQ .RQWDNWPLWGHQ6FKlGHONQRFKHQKHU]XVWHOOHQ(UVFKULHJHOOHQGDXI LQ GHU 6WLOOH VHLQHV *HLVWHV 1HLQ 6LH YHUVWHKHQ HV QLFKW (V LVW GRFK HLQ 3ODQHW YROOHU 0HQVFKHQ %HJUHLIHQ 6LH QLFKW GD 6LH XQP|JOLFK GLH %HY|ONHUXQJ HLQHV JDQ]HQ 3ODQHWHQ GHP9HUGHUEHQ SUHLVJHEHQN|QQHQ" 'LH :RUWH GHV DQGHUHQ 0DQQHV NODQJHQ YHUVFKZRPPHQ XQG ZHLW HQWIHUQW DOV NlPHQ VLH YRP DQGHUHQ (QGH HLQHV ODQJHQ OHHUHQ 7XQQHOV ª,FK ZHUGH ,KQHQ QLFKW ZHK WXQ 1RFK HLQH 6WXQGH XQG 6LH IKOHQ VLFK ZRKO ZLUNOLFK ZRKO 6LH ZHUGHQ PLW PLU EHU DOO GDV ODFKHQ© 'HU 0DQQ YRQ GHU (UGH QDKP LQ VHLQHP .RSI HLQ VFKZDFKHV9LEULHUHQZDKU'DQQVWDUEDXFKGDVDE 'XQNHOKHLW VHQNWH VLFK EHU LKQ (LQ 7HLO GDYRQ KRE VLFK QLH ZLHGHU8QGHVGDXHUWHHLQ-DKUELVVLFKHLQ]HOQH%H]LUNHOLFKWHWHQ

'HU)LQGOLQJ 5LNZDUIGDV(JHUlWKLQXQGVSUDQJDXI(U]LWWHUWHVRVWDUNGDHU VLFKDQGLHQDFNWHNDONLJH:DQGOHKQHQPXWHª,FKHULQQHUHPLFK DQHWZDV© 'LH DQGHUHQ VFKDXWHQ LKQ DQ XQG GDV PDPSIHQGH *HUlXVFK GHU NDXHQGHQ 0lQQHU HEEWH DE %OLFNH WUDIHQ LKQ DXV *HVLFKWHUQ GLH QLFKW VHKU VDXEHU XQG QLFKW RUGHQWOLFK UDVLHUW ZDUHQ XQG GLH ZHLOLFKLQGHUVSlUOLFKHQ:DQGEHOHXFKWXQJJOlQ]WHQ'LHVH%OLFNH ]HLJWHQ NHLQ JURHV ,QWHUHVVH QXU HEHQ GLH $XIPHUNVDPNHLW GLH YRQHLQHPSO|W]OLFKHQXQGXQHUZDUWHWHQ$XVUXIJHZHFNWZLUGª,FK HULQQHUH PLFK DQ PHLQH $XIJDEH ,FK KDEH HLQH $XIJDEH JHKDEW© VFKULH 5LN ª+DOW V 0DXO© ULHI MHPDQG XQG HLQ DQGHUHU NQXUUWH ª6HW]GLFK©'LH*HVLFKWHUZDQGWHQVLFKDE'DV0DPSIHQVFKZROO ZLHGHU DQ 5LN VDK ZLH $FKVHOQ JH]XFNW ZXUGHQ (U VDK ZLH VLFK HLQ 0DQQ PLW GHP =HLJHILQJHU DQ GLH 6FKOlIH WLSSWH ª'HU YHUUFNWH 5LN© 1LFKWV GDYRQ GUDQJ LQ VHLQ %HZXWVHLQ /DQJVDP VHW]WH HU VLFK (U XPNODPPHUWH ZLHGHU VHLQHQ !)WWHUHU HLQ O|IIHODUWLJHV :HUN]HXJ PLW VFKDUIHQ .DQWHQ XQG NOHLQHQ =LQNHQ GLH DQ GHU JHNUPPWHQ9RUGHUVHLWHDQJHEUDFKWZDUHQVRGDPDQ PLWGHP*HUlWHEHQVRXQEHKROIHQVFKQHLGHQVFKDXIHOQXQGVFKlOHQ NRQQWH(VZDUJXWJHQXJ IUHLQHQ$UEHLWHU(UZDQGWHHVXPXQG VWDUUWH PLW OHHUHP %OLFN DXI GLH 5FNVHLWH GHV *ULIIV ZR HLQH 1XPPHU HLQJHSUlJW ZDU (U NDQQWH VLH DXVZHQGLJ $XFK DOOH DQGHUHQ $UEHLWHU KDWWHQ VROFKH 5HJLVWULHUQXPPHUQ JHQDX ZLH HU

$EHU VLH KDWWHQ DXFK 1DPHQ (U KDWWH NHLQHQ 6LH QDQQWHQ LKQ !5LN ZHLO GLHVHV :RUW LQ LKUHP 'LDOHNW HWZDV bKQOLFKHV ZLH !6FKZDFKVLQQLJHU EHGHXWHWH 8QG RIW JHQXJ QDQQWHQ VLH LKQ GHQ !YHUUFNWHQ5LN$EHUYLHOOHLFKWZUGHHUVLFKYRQQXQ DQLPPHU PHKUHULQQHUQ6HLWHULQGHU)DEULNDUEHLWHWHZDUGLHVGDVHUVWHPDO GD HU VLFK EHUKDXSW DQ LUJHQG HWZDV HULQQHUW KDWWH ZDV YRUKHU JHZHVHQ ZDU (U PXWH QDFKGHQNHQ (U PXWH DQJHVWUHQJW QDFKGHQNHQ 3O|W]OLFK ZDU HU QLFKW PHKU KXQJULJ 0LW HLQHU KHIWLJHQ %HZHJXQJ ZDUI HU VHLQHQ )WWHUHU LQ GLH %HGDUIVUDWLRQ HLQHU JDOOHUWDUWLJHQ 0DVVH DXV )OHLVFK XQG *HPVH GLH YRU LKP VWDQG XQG YHUJUXE GLH $XJHQ LQ GLH KRKOHQ +DQGIOlFKHQ $QJHVWUHQJW YHUVXFKWH HU VHLQHP *HLVW ELV LQ MHQHQ %HUHLFK ]X IROJHQDXVGHPHUHLQHQHLQ]HOQHQ*HGDQNHQKHUDXVJHVFKlOWKDWWH HLQHQ XQYHUVWlQGOLFKHQ *HGDQNHQ (U EUDFK LQ 7UlQHQ DXV ,Q GLHVHP $XJHQEOLFN JDE GLH UDVVHOQGH *ORFNH GDV (QGH GHU (VVHQV]HLW EHNDQQW $OV HU DQ GLHVHP $EHQG GLH )DEULN YHUOLH WUDW 9DORQD 0DUFK QHEHQ LKQ (U QDKP VLH ]XHUVW NDXP ZDKU ZHQLJVWHQV QLFKW DOV ,QGLYLGXXP(UK|UWHQXUGDVLFKVHLQH6FKULWWHYHUGRSSHOWHQ 6FKOLHOLFK EOLHE HU VWHKHQ XQG VFKDXWH VLH DQ ,KU +DDU ZDU PLWWHOEORQG(VKLQJLQ]ZHLGLFNHQ=|SIHQKHUDEGLHVLHPLW+LOIH NOHLQHU PDJQHWLVFKHU 1DGHOQ PLW JUQHQ 6WHLQHQ ]XVDPPHQKLHOW (V ZDUHQ ELOOLJH 1DGHOQ XQG VLH VDKHQ VFKlELJ DXV 6LH WUXJ HLQ HLQIDFKHV %DXPZROONOHLG 0HKU EUDXFKWH PDQ LP PLOGHQ .OLPD )ORULQDV QLFKW 5LN VHOEVW WUXJ QXU HLQ RIIHQHV lUPHOORVHV +HPG XQGHLQHEDXPZROOHQH$UEHLWVKRVH ª,FKKDEHJHK|UWGDEHLP(VVHQHWZDVYRUJHIDOOHQLVW©VDJWHVLH 6LH VSUDFK HLQHQ SOXPSHQ ElXHUOLFKHQ $N]HQW 5LNV 6SUDFKH GDJHJHQ ZDU YROOHU ZHLFKHU 9RNDOH KDWWH DEHU HLQHQ QDVDOHQ 7RQ 'LH$UEHLWHUODFKWHQGHVKDOEEHULKQXQGlIIWHQVHLQH6SUHFKZHLVH QDFK 'RFK 9DORQD VDJWH LPPHU GD VLH GLHV QXU DXV 8QYHUVWDQG WlWHQ ª(V LVW DOOHV LQ 2UGQXQJ /RQD© PXUPHOWH 5LN ª0DQ VDJW GD GX GLFK DQ LUJHQG HWZDV HULQQHUVW© EHKDUUWH VLH ª6WLPPW GDV 5LN"©$XFKVLHQDQQWHLKQ!5LN(UKDWWHNHLQHQDQGHUHQ1DPHQ PLW GHP VLH LKQ KlWWH DQUHGHQ N|QQHQ 1LFKW HLQPDO HU VHOEVW HULQQHUWHVLFKGDUDQZLHHUZLUNOLFKKLH(UKDWWHVLFKYHU]ZHLIHOW GDUXP EHPKW $XFK 9DORQD KDWWH HV PLW LKP YHUVXFKW (LQPDO KDWWH VLH LUJHQGZR HLQ DEJHQXW]WHV $GUHEXFK DXIJHWULHEHQ XQG LKPDOOH)DPLOLHQQDPHQGDUDXVYRUJHOHVHQ$EHUNHLQHUGDYRQZDU LKPYHUWUDXWHUYRUJHNRPPHQDOVHLQDQGHUHU (U EOLFNWH LKU YROO LQV *HVLFKW XQG VDJWH ª,FK ZHUGH GLH )DEULN YHUODVVHQ PVVHQ© 9DORQD UXQ]HOWH GLH 6WLUQ ª,FK JODXEH QLFKW GD GX GDV NDQQVW (V ZlUH QLFKW JXW© ª,FK PX PHKU EHU PLFK KHUDXVILQGHQ© 9DORQD IXKU VLFK PLW GHU =XQJH EHU GLH /LSSHQ

ª,FKJODXEHQLFKWGDGXGDVWXQVROOWHVW© 5LN ZDQGWH VLFK DE (U ZXWH GD VLH HV JXW PLW LKP PHLQWH 6LH KDWWH GLH $UEHLW LQ GHU )DEULN IU LKQ EHVRUJW (U KDWWH NHLQHUOHL .HQQWQLVVHLQGHU%HGLHQXQJGHU0DVFKLQHQJHKDEW2GHUYLHOOHLFKW GRFK DEHUHUHULQQHUWHVLFKQLFKWGDUDQ$XIMHGHQ)DOOKDWWH/RQD YRU GHQ %HK|UGHQ GDUDXI EHVWDQGHQ GD HU IU N|USHUOLFKH $UEHLW ]X VFKZlFKOLFK ZDU XQG PDQ KDWWH LKQ NRVWHQORV WHFKQLVFK DXVELOGHQODVVHQ9RUMHQHU=HLWLQGHQEHGUFNHQGHQ7DJHQDOVHU NDXP HLQ :RUW KHUDXVEULQJHQ NRQQWH XQG QLFKW ZXWH ZR]X 1DKUXQJ GLHQWKDWWHVLHLKQJHKWHWXQGJHIWWHUW6LHKDWWHLKQDP /HEHQHUKDOWHQ ª,FKPXHVWXQ©VDJWHHUª+DVWGXZLHGHU.RSIVFKPHU]HQ5LN"© ª1HLQ,FKHULQQHUHPLFKWDWVlFKOLFKDQHWZDV,FKHULQQHUHPLFKDQ GLH$XIJDEHGLHLFKYRUKHUKDWWH YRUKHU© (UZDUQLFKWVLFKHUREHUHVLKUHU]lKOHQVROOWH(UEOLFNWH]XU6HLWH 'LH ZRKOWXHQG ZDUPH 6RQQH VWDQG QRFK PLQGHVWHQV ]ZHL 6WXQGHQ EHU GHP +RUL]RQW 'LH HLQW|QLJHQ 5HLKHQ GHU $UEHLWHUVFKODINDPPHUQ GLH VLFK UXQG XP GLH )DEULN ]RJHQ ERWHQ HLQHQ WURVWORVHQ $QEOLFN $EHU 5LN ZXWH GD GDV RIIHQH )HOG LQ VHLQHU JDQ]HQ NDUPHVLQURWHQ XQG JROGHQHQ 6FK|QKHLW YRU LKQHQ OLHJHQZUGHVREDOGVLHGLH$QK|KHHUUHLFKWKl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ª/DXQVLQ GLH )HOGHU JHKHQ /RQD© VDJWH 5LN ª(V LVW VSlW© ª%LWWH 1XU YRU GLH 6WDGW© 6LH JULII QDFK GHP GQQHQ *HOGEHXWHO GHQ VLH XQWHU LKUHPZHLFKHQ*UWHODXIEHZDKUWH HVZDUDQ.OHLGXQJGHUHLQ]LJH /X[XVGHQVLHVLFKHUODXEWH 5LNIDWHVLHDP$UPª:LUZROOHQHLQ6WFN]X)XJHKHQ©(LQH KDOEH 6WXQGH VSlWHU YHUOLHHQ VLH GLH +DXSWVWUDH XQG ERJHQ LQ HLQHQ JHZXQGHQHQ VWDXEORVHQ 3UHVDQGZHJ HLQ 'UFNHQGHV 6FKZHLJHQ ODJ ]ZLVFKHQ LKQHQ XQG 9DORQD IKOWH ZLH HLQH DOO]X EHNDQQWH)XUFKWLQLKUDXIVWLHJ

:LHZHQQHUVLHYHUOLHH"(UZDUNOHLQQLFKWJU|HUDOVVLHXQGDQ *HZLFKW KDWWH HU VRJDU HWZDV ZHQLJHU (U ZDU LQ YLHOHP LPPHU QRFK ZLH HLQ KLOIORVHV .LQG $EHU HKH PDQ VHLQHQ 9HUVWDQG DEJHVFKDOWHWKDWWHPXWHHUHLQJHELOGHWHU0DQQJHZHVHQ6HLQ(LQ VHKU ZLFKWLJHU JHELOGHWHU 0DQQ 9DORQD KDWWH DXHU /HVHQ XQG 6FKUHLEHQ XQG JHUDGH JHQXJ 7HFKQRORJLH XP 0DVFKLQHQ EHGLHQHª ]X N|QQHQ NHLQHUOHL $XVELOGXQJ JHQRVVHQ $EHU VLH ZDU LQWHOOLJHQW JHQXJ XP ]X ZLVVHQ GD QLFKW DOOH 0HQVFKHQ VR EHJUHQ]W ZDUHQ 'D ZDU ]XP %HLVSLHO GHU 2UWVYHUZDOWHU GHVVHQ .HQQWQLVVH IU DOOH VHKU QW]OLFK ZDUHQ 2GHU GLH *URKHUUHQ GLH JHOHJHQWOLFK ]XU ,QVSHNWLRQ NDPHQ 9DORQD KDWWH VLH QLH DXV GHU 1lKH JHVHKHQ $EHU HLQPDO KDWWH VLH LQ GHQ )HULHQ GLH 6WDGW EHVXFKW XQG YRQ ZHLWHP HLQH *UXSSH XQJODXEOLFK SUlFKWLJHU *HVWDOWHQ EHREDFKWHW +LQ XQG ZLHGHU GXUIWHWª GLH $UEHLWHU K|UHQ ZLHJHELOGHWH0HQVFKHQVSUDFKHQ6LHVSUDFKHQIOLHHQGHUXQGPLW OlQJHUHQ :|UWHUQ XQG ZHLFKHUHQ 6WLPPHQ 5LNV 6SUHFKZHLVH ZXUGHMHQHULPPHUlKQOLFKHUMHZDFKHUVHLQ9HUVWDQGZXUGH 9DORQD ZDU EHL VHLQHQ HUVWHQ :RUWHQ HUVFKURFNHQ (U KDWWH VLH VHOWVDP DXVJHVSURFKHQ XQG DOV VLH YHUVXFKWH LKQ ]X NRUULJLHUHQ ZDUHVQXW]ORVJHZHVHQ 6FKRQ GDPDOV KDWWH VLH VLFK GDYRU JHIUFKWHW GD HU VLFK HLQHV 7DJHVDQ]XYLHOHVHULQQHUQXQGVLHGDQQYHUODVVHQN|QQWH6LHZDU QXU 9DORQD 0DUFK 0DQ QDQQWH VLH DXFK GLH ªJURH /RQD 6LH KDWWHQLFKWJHKHLUDWHWXQGKRIIWHDXFKQLFKWPHKUDXIHLQH(KH(LQ JURHV 0lGFKHQ ZLH VLH PLW JURHQ )HQ XQG URWHQ +lQGHQ YRQ GHU $UEHLW NRQQWH QLFKW KHLUDWHQ 'LH -XQJHQ KDWWHQ DXI GHQ )HLHUWDJVIHVWHQNHLQHQ%OLFNIUVLHEULJ 6LH ZUGH QLH HLQ %DE\ EHNRPPHQ GDV VLH YHUKlWVFKHOQ N|QQWH 'LH DQGHUHQ 0lGFKHQ EHNDPHQ .LQGHU HLQV QDFK GHP DQGHUHQ ª-HW]W ELVW DEHU GX DQ GHU 5HLKH /RQD© KLH HV RIW VS|WWLVFK ª:DQQ EHNRPPVW GX HQGOLFK HLQ %DE\"© $OV 5LN JHNRPPHQ ZDU ZDU HU ZLH HLQ %DE\ JHZHVHQ (U PXWH JHIWWHUW XQG XPVRUJW LQ GLH 6RQQH JHEUDFKW XQG LQ GHQ 6FKODI JHVXPPW ZHUGHQ ZHQQ LKQ GLH .RSIVFKPHU]HQ PDUWHUWHQ 'LH .LQGHU UDQQWHQ KLQWHU LKU KHU XQGNUHLVFKWHQª/RQDKDWHLQHQ)UHXQG'LHJURH/RQDKDWHLQHQ YHUUFNWHQ )UHXQG /RQDV )UHXQG LVW HLQ 9HUUFNWHU© 6SlWHU DOV 5LN VHOEVW JHKHQ NRQQWH VLH ZDU DQ MHQHP 7DJ DQ GHP HU GHQ HUVWHQ 6FKULWW WDW VR VWRO] JHZHVHQ DOV ZlUH HU ZLUNOLFK HUVW HLQ -DKU DOW XQG QLFKW HLQXQGGUHLLJ XQG YRUV +DXV JHJDQJHQ ZDU KDWWHQ VLH LKQ JU|OHQG XPULQJW XP HLQHQ HUZDFKVHQHQ 0DQQ ]X VHKHQ GHU YRU )XUFKW GLH $XJHQ EHGHFNWH XQG VLFK GXFNWH XQG LKQHQ QXU PLW HLQHP /DOOHQ DQWZRUWHQ NRQQWH 'XW]HQGH 0DOH ZDU VLH ZWHQG YRUV +DXV JHJDQJHQ KDWWH VLH DQJHVFKULHQ XQG GLH JURHQ )lXVWH JHEDOOW 6HOEVW HUZDFKVHQH 0HQVFKHQ IUFKWHWHQ

/RQDV)lXVWH6LHKDWWHLKUHQ$EWHLOXQJVOHLWHUDPHUVWHQ7DJDOVVLH 5LN ]XU $UEHLW LQ GLH )DEULN EUDFKWH ZHJHQ HLQHU XQDQVWlQGLJHQ %HPHUNXQJ PLW HLQHP HLQ]LJHQ +LHE QLHGHUJHVFKODJHQ 'HU )DEULNDQWKDWWHVLHGDIU]XU=DKOXQJHLQHV:RFKHQORKQVYHUXUWHLOW XQG KlWWH VLH ZDKUVFKHLQOLFK LQ GLH 6WDGW ]XP *HULFKW GHU *URKHUUHQ JHVFKLFNW ZHQQ QLFKW GHU 2UWVYHUZDOWHU PLW GHU %HJUQGXQJ HLQJHJULIIHQ KlWWH GD /RQD SURYR]LHUW ZRUGHQ ZDU 1XQ VDK VLH HV XQJHUQ GD VLFK 5LNV *HGlFKWQLV OLFKWHWH 6LH ZXWHGDVLHLKPQLFKWV]XELHWHQKDWWH(VZDUHLJHQVFKWLJYRQ LKU ZHQQ VLH LKQ DP OLHEVWHQ IU LPPHU XPQDFKWHW XQG KLOIORV JHVHKHQKlWWH$EHUHVNDPHLQIDFKGDKHUZHLOQRFKQLHMHPDQGVR Y|OOLJYRQLKUDEKlQJLJJHZHVHQZDU6LHIUFKWHWHGLH5FNNHKULQ GLH(LQVDPNHLW ª%LVW GX VLFKHU GD GX GLFK DQ HWZDV HULQQHUVW 5LN"© ª-D© 6LH EOLHEHQ LQ GHQ )HOGHUQ VWHKHQ XQG GLH 6RQQH YHUVWlUNWH PLW LKUHP *ODQ] GDV 5RW GDV VLH XPJDE %DOG ZUGH VLFK GHU PLOGH GXIWJHVFKZlQJHUWH $EHQGZLQG HUKHEHQ 'LH %HZlVVHUXQJVNDQlOH EHJDQQHQEHUHLWVVLFKSXUSXUQ]XIlUEHQ ª,FK NDQQ PHLQHP *HGlFKWQLV WUDXHQ /RQD© VDJWH HU ª'DV KDW VLFK JH]HLJW 'X KDVW PLU ]XP %HLVSLHO QLFKW GDV 6SUHFKHQ EHLJHEUDFKW ,FK KDEH PLFK VHOEVW DQ DOOH :|UWHU HULQQHUW RGHU QLFKW"© ª-D©VDJWHVLH]|JHUQG ª,FK HULQQHUH PLFK DXFK GDUDQ ZLH GX PLFK HLQPDO LQ GLH )HOGHU KLQDXVJHQRPPHQ KDVW HKH LFK VSUHFKHQ NRQQWH 8QG MHGHQ 7DJ IlOOW PLU PHKU HLQ ,FK ZHL QRFK JHQDX ZLHGXHLQPDOHLQH.\UW IOLHJHIUPLFKJHIDQJHQKDVW6LHVXUUWHLQGHLQHQKRKOHQ+lQGHQ XQGLFKVFKDXWH]ZLVFKHQGHLQHQ'DXPHQKLQGXUFKXQGVDKZLHVLH LQGHU'XQNHOKHLWSXUSXUQOHXFKWHWH,FKODFKWHXQGYHUVXFKWHGHLQH +lQGH ]X |IIQHQ XQG ZROOWHVLHIDQJHQDEHUVLHIORJZHJXQGLFK ZHLQWH ,FK ZXWH GDPDOV QLFKW GD HV HLQH .\UWIOLHJH ZDU :LU KDEHQ QLH GDUEHU JHVSURFKHQ QLFKW ZDKU /RQD"© 6LH VFKWWHOWH GHQ.RSI ª$EHUHVZDUVRQLFKWZDKU"© ª-D5LN© ª8QG MHW]W HULQQHUH LFK PLFK DXFK DQ HWZDV GDV YRUKHU ZDU (V PX HLQ 9RUKHU JHJHEHQ KDEHQ /RQD© (V PXWH HLQ 9RUKHU JHJHEHQKDEHQ (V EHGUFNWH VLH ZHQQ VLH GDUDQ GDFKWH (V ZDU HLQ DQGHUHV 9RUKHU RKQH bKQOLFKNHLW PLW GHP -HW]W LQ GHP VLH OHEWHQ 5LN PXWH DXI HLQHP DQGHUHQ 3ODQHWHQ JHOHEW KDEHQ GHQQ DQ HLQ HLQ]LJHV :RUW KDWWH HU VLFK QLFKW HULQQHUW 6LH PXWH LKQ GDV ZLFKWLJVWH:RUWGDVHVIU)ORULQDJDEOHKUHQ!.\UW ª:RUDQ HULQQHUVW GX GLFK"© IUDJWH VLH ª(V HUJLEW QLFKW YLHO 6LQQ

/RQD,FKZHLQXUGDLFKHLQH$XIJDEHKDWWH8QGLFKZHLDXFK ZDVHVZDU:HQLJVWHQVXQJHIlKU©ª1XQ"© ª,FKKDEHGDV1LFKWVDQDO\VLHUW© 6LH ZDQGWH VLFK PLW HLQHP 5XFN QDFK LKP XP XQG EOLFNWH LKQ HUVFKURFNHQ DQ ª'X KDVW GRFK QLFKW HWZD ZLHGHU .RSIVFKPHU]HQ 5LN" 'X KDVW VHLW :RFKHQ NHLQH PHKU JHKDEW© (U JLQJ JHUHL]W ZHLWHU ª1XQ TXlOH PLFK QLFKW© 6LH VFKOXJ GLH $XJHQ QLHGHU XQG UDVFK IJWH HU KLQ]X ª'DV VROO QLFKW KHLHQ GD GX PLFK TXlOVW /RQD,FKP|FKWHQXUQLFKWGDGXGLU6RUJHQPDFKVW© 6LH ZXUGHQ ZLHGHU KHLWHUHU ª:DV EHGHXWHW !DQDO\VLHUHQ"© (U ZXWH :|UWHU GLH VLH QLH JHK|UW KDWWH 6LH NDP VLFK VHKU HLQIlOWLJ YRUEHLGHP*HGDQNHQZLHJHELOGHWHUHLQPDOJHZHVHQVHLQPXWH (U GDFKWH HLQHQ $XJHQEOLFN QDFK ª(V EHGHXWHW HV EHGHXWHW !HWZDV DXVHLQDQGHUQHKPHQ© ª$EHU ZLH NDQQ MHPDQG GLH $XIJDEH KDEHQ HWZDV DXVHLQDQGHU]XQHKPHQ" 'DV LVW NHLQH $UEHLW© ª,FK KDEH QLFKW JHVDJW GD LFK HWZDV DXVHLQDQGHU JHQRPPHQ KlWWH ,FK KDEH GDV 1LFKWV DQDO\VLHUW 1LFKWV PLW JURHP 1© ª,VW GDV QLFKW GDV JOHLFKH"© 1XQ SDVVLHUW HV GDFKWH VLH -HW]W NRPPH LFK LKP GXPP YRU %DOG ZLUG HU YHUlFKWOLFK DXI PLFKKHUDEVFKDXHQXQG JHKHQ ª1HLQ QDWUOLFK QLFKW© (U KROWH WLHI $WHP ª,FK IUFKWH LFK NDQQ HVQLFKWHUNOlUHQ,FKNDQQPLFKDXFKQLFKWDQPHKUHULQQHUQ$EHU HV PX HLQH ZLFKWLJH $UEHLW JHZHVHQ VHLQ 6R NRPPW HV PLU ZHQLJVWHQV YRU ,FK NDQQ NHLQ 9HUEUHFKHU JHZHVHQ VHLQ© 9DORQD ]XFNWH ]XVDPPHQ 6LH KlWWH LKP GDV QLH VDJHQ VROOHQ 6LH KDWWH JHJODXEW GD HV ]X VHLQHP HLJHQHQ 6FKXW] ZlUH ZHQQ VLH LKQ ZDUQWH'RFKQXQIKOWHVLHGDVLHHVQXUJHWDQKDWWHXPLKQQRFK HQJHUDQVLFK]XELQGHQ 6LH KDWWH HV LKP VFKRQ LQ MHQHQ 7DJHQ JHVDJW DOV HU ]X VSUHFKHQ EHJDQQ'LHVZDUVRSO|W]OLFKJHNRPPHQGDHVVLHlQJVWLJWHXQG VLH KDWWH QLFKW HLQPDO JHZDJW GHP 2UWVYHUZDOWHU HWZDV GDYRQ PLW]XWHLOHQ $EHU DP QlFKVWHQ IUHLHQ 7DJ KDWWH VLH LQ )RUP YRQ 0Q]HQ IQI (LQKHLWHQ YRQ LKUHP /HEHQVNRQWR DEJHKREHQ HV ZUGH RKQHKLQ QLH HLQ 0DQQ NRPPHQ GHU HV DOV 0LWJLIW EHDQVSUXFKHQ ZUGH VR GD HV QLFKW GDUDXI DQNDP XQG ZDU PLW 5LN]XHLQHP$U]WLQGLH6WDGWJHIDKUHQ 6LH KDWWH 1DPHQ XQG $GUHVVH GLHVHV $U]WHV DXI HLQHP =HWWHO QRWLHUW 'RFK VHOEVW GDPLW GDXHUWH HV ]ZHL TXDOYROOH 6WXQGHQ ELV VLH GHQ:HJ]XPULFKWLJHQ*HElXGHJHIXQGHQKDWWH]ZLVFKHQGHQ ULHVLJHQ6lXOHQGHUXQWHUHQ6WDGWKLQGXUFKZHOFKHGLHREHUH6WDGW LQGLH6RQQHKREHQ 6LH EHVWDQG GDUDXI ZlKUHQG GHU 8QWHUVXFKXQJ GDEHL]XVHLQ 'HU $U]W KDQWLHUWH PLW DOOHUOHL IXUFKWHUUHJHQGHQ ,QVWUXPHQWHQ $OV HU 5LNV .RSI ]ZLVFKHQ ]ZHL 0HWDOOSODWWHQ VWHFNWH XQG LKQ DXIJOKHQ

OLHZLHHLQH.\UWIOLHJHLQGHU1DFKWVSUDQJVLHDXIXQGZROOWHLKP (LQKDOW JHELHWHQ (U ULHI ]ZHL 0lQQHU GLH VLH KLQDXV]HUUWHQ (LQH KDOEH 6WXQGH GDQDFK NDP GHU$U]WVWLUQUXQ]HOQGKHUDXV6LHIKOWH VLFK XQEHKDJOLFK ZHLO HU HLQ*URKHUU ZDU REZRKO HU HLQH 3UD[LV LQ GHU XQWHUHQ 6WDGW DXVEWH $EHU VHLQH $XJHQ EOLFNWHQ PLOG IDVW IUHXQGOLFK (U ZLVFKWH VLFK GLH +lQGH DQ HLQHP NOHLQHQ 7XFK DE XQGZDUIHVLQHLQHQ$EIDOOHLPHU ª6HLW ZDQQ NHQQVW GX GLHVHQ 0DQQ"© IUDJWH HU /RQD HU]lKOWH LKP YRUVLFKWLJ GLH 8PVWlQGH XQG EHVFKUlQNWH VLFK GDEHL DXI GLH QDFNWHVWHQ7DWVDFKHQDXFKYHUPLHGVLHGHQ2UWVYHUZDOWHUXQGGLH %HDPWHQ GHU 3ROL]HLVWUHLIH ]X HUZlKQHQ ª'DQQ ZHLW GX DOVR QLFKWV 1lKHUHV EHU LKQ"© 6LH VFKWWHOWH GHQ .RSI ª1LFKW ZDVHU YRUKHUJHWDQKDW©ª'LHVHU0DQQLVWPLWGHU*HKLUQVRQGHEHKDQGHOW ZRUGHQ©VDJWHHUª:HLWGXZDVGDVEHGHXWHW"© 6LH KDWWH ]XHUVW ZLHGHU GHQ .RSI JHVFKWWHOW 'DQQ IOVWHUWH VLH KHLVHU ª,VW HV GDV ZDV PDQ PLW 9HUUFNWHQ WXW"© ª8QG PLW .ULPLQHOOHQ 0DQ YHUlQGHUW GDGXUFK LKUHQ *HLVW ]X LKUHP %HVWHQ 'LH%HKDQGOXQJPDFKWGDV*HKLUQJHVXQGRGHUYHUlQGHUWGLH7HLOH GLH GHQ 0HQVFKHQ YHUDQODVVHQ ]X VWHKOHQ RGHU ]X W|WHQ9HUVWHKVW GXGDV"© 6LHYHUVWDQG6LHZXUGHNUHEVURWXQGVDJWHª5LNKDWQLHPDOVHWZDV JHVWRKOHQ RGHU MHPDQGHPZHKJHWDQ©ª'XQHQQVWLKQ !5LN"©(U VFKLHQVLFK]XDPVLHUHQª1XQVFKDXZRKHUZLOOVWGXZLVVHQZDV HU JHWDQ KDW HKH GX LKQ NDQQWHVW" $XV VHLQHP MHW]LJHQ *HLVWHV]XVWDQGLVWHVVFKZHU]XVFKOLHHQ'LH%HKDQGOXQJ PLWGHU 6RQGH ZDU YROOVWlQGLJ XQG EUXWDO ,FK NDQQ QLFKW VDJHQ ZLHYLHO YRQ VHLQHP *HLVW IU LPPHU HQWIHUQW ZXUGH XQG ZLHYLHO QXU YRUEHUJHKHQG GXUFK GHQ 6FKRFN YHUORUHQJLQJ ,FK JODXEH DEHU GD LP /DXIH GHU =HLW HLQ 7HLO GDYRQ ]XUFNNRPPHQ ZLUG ZLH VHLQH6SUDFKH(UVROOWHXQWHU%HREDFKWXQJEOHLEHQ© ª1HLQ %LWWH QLFKW (U PX EHL PLU EOHLEHQ ,FK KDEH LKQ JXW YHUVRUJW© (U KRE GLH %UDXHQ 'DQQ ZXUGH VHLQH 6WLPPH VDQIW ª,FK PHLQH HV MD QXU JXW PLW GLU .OHLQH 9LHOOHLFKW LVW QLFKW DOOHV 6FKOHFKWH DXV VHLQHP *HKLUQHQWIHUQWZRUGHQ'XZLUVWGRFKQLFKW ZROOHQGDHUGLUHLQHV7DJHVHWZDVDQWXW© ,QGLHVHP$XJHQEOLFNIKUWHHLQH6FKZHVWHU5LNKHUDXV6LHVSUDFK OHLVHDXILKQ HLQZLHPDQHLQ.LQGEHUXKLJW5LNVWDUUWHLQV/HHUH 'DQQILHOVHLQ%OLFNDXI9DORQD(UVWUHFNWHGLH$UPHQDFKLKUDXV XQGULHIVFKZDFKª/RQD© 6LH OLHI DXI LKQ ]X XQG SUHWH VHLQHQ .RSI DQ LKUH 6FKXOWHU ª(U ZLUGPLUQLFKWVDQWXQ1LH© 'HU $U]W VDJWH JHGDQNHQYROO ª,FK PX EHU GHQ )DOO QDWUOLFK 0HOGXQJ HUVWDWWHQ ,FK NDQQ PLU QLFKW HUNOlUHQ ZLH HU LQ GHP =XVWDQG LQ GHP HU JHZHVHQ VHLQ PX GHQ %HK|UGHQ HQWVFKOSIHQ

NRQQWH©ª6ROOGDVEHGHXWHQGDPDQLKQPLUZHJQLPPW"© ª,FKIUFKWH MD© ª%LWWHWXQ6LHGDVQLFKW©6LHJDELKPGDV7DVFKHQWXFKLQGHPVLH GLH IQI 0Q]HQ HLQJHZLFNHOW KDWWH ª6LH N|QQHQ DOOHV KDEHQ© VDJWH VLH ª,FK ZHUGH JXW DXI LKQ DXISDVVHQ (U ZLUG QLHPDQGHP HWZDV]XOHLGHWXQ© 'HU $U]W ZRJ GLH 0Q]HQ LQ GHU +DQG ª'X ELVW )DEULNDUEHLWHULQ QLFKW ZDKU"© 6LH QLFNWH ª:LHYLHO EHNRPPVW GX LQ GHU :RFKH"© ª(LQKHLWHQ© (UZDUIGLH0Q]HQOHLFKWLQGLH/XIWILQJVLHDXIXQGKLHOWVLHLKU KLQ ª1LPP 0lGFKHQ (V NRVWHW QLFKWV© 6LH QDKP GDV *HOG HUVWDXQW DQ ª8QG 6LH ZHUGHQ QLHPDQGHP HWZDV GDYRQ VDJHQ"© ª,FKPXHVPHOGHQ©VDJWHHUª(VLVW9RUVFKULIW© ,Q GHU GDUDXIIROJHQGHQ :RFKH ZDU EHU GHQ +\SHU6HKIXQN JHPHOGHW ZRUGHQ GD HLQ $U]W EHL HLQHP *\UR8QIDOO XPV /HEHQ JHNRPPHQ ZDU DOV LQ HLQHP GHU |UWOLFKHQ .UDIWVWU|PH HLQH NXU]H 6W|UXQJHLQWUDW'HU1DPHGHV$U]WHVNDPLKUEHNDQQWYRUXQGDP $EHQG YHUJOLFK VLH LKQ PLW GHP DXI LKUHP =HWWHO (V ZDU GHU JOHLFKH 6LH ZDUWUDXULJGHQQHVZDUHLQJXWHU0DQQ JHZHVHQ6LH KDWWHVHLQHQ1DPHQYRUODQJHU=HLWYRQHLQHU$UEHLWHULQEHNRPPHQ XQGJHK|UWGDHUHLQ*URKHUUHQ$U]WZDUGHUGLH)DEULNDUEHLWHU JXWEHKDQGHOWH6LHKDWWHGHQ=HWWHOPLWVHLQHU$GUHVVHIU1RWIlOOH DXIEHZDKUW 8QG DOV GHU 1RWIDOO HLQWUDW ZDU HU DXFK ]X LKU JXW JHZHVHQ 8QG GRFK EHUZRJ QXQ GLH (UOHLFKWHUXQJ GDV %HGDXHUQ (UKDWWHZRKONHLQH=HLWPHKUJHKDEW5LNDQ]X]HLJHQ:HQLJVWHQV NDPQLHPDQGLQV'RUI XPQDFK]XIRUVFKHQ %DOGGDQDFKKDWWHVLH5LNHU]lKOWZDVGHU$U]WJHVDJWKDWWHGDPLW HUEHLLKULP'RUIEOLHEHZRHUVLFKHUZDU5LNVFKWWHOWHVLHXQG VLHNDPLQGLH*HJHQZDUW]XUFN ª+|UVW GX QLFKW"© VDJWH HU ª,FK NDQQ NHLQ 9HUEUHFKHU JHZHVHQ VHLQ ZHQQ LFK HLQH ZLFKWLJH $XIJDEH KDWWH© ª.DQQVW GX QLFKW DXFK GDQQ HWZDV 8QUHFKWHV JHWDQ KDEHQ"© EHJDQQ VLH ]|JHUQG ª6RJDU*URKHUUHQ© ª,FK ZHL EHVWLPPW GD LFK NHLQ 9HUEUHFKHU ZDU $EHU YHUVWHKVW GX QLFKW GD LFK HV EHZHLVHQ PX GDPLW HV DXFK GLH DQGHUHQ JODXEHQ" (V JLEW NHLQH DQGHUH 0|JOLFKNHLW LFK PX GLH )DEULN YHUODVVHQXQGPHKUEHUPLFKKHUDXVILQGHQ© ª5LN 'DV ZlUH JHIlKUOLFK 6HOEVW ZHQQ GX GDV 1LFKWV DQDO\VLHUW KDVWZDUXPLVWGDVDOOHVVRZLFKWLJ"© ª:HJHQ GHU DQGHUHQ 6DFKH DQ GLH LFK PLFK HULQQHUH© ª:HOFKH DQGHUH6DFKH"© ª,FK P|FKWH HV GLU QLFKW VDJHQ© IOVWHUWH HU ª'X PXW HV MHPDQGHP VDJHQ 'X N|QQWHVW HV ZLHGHU YHUJHVVHQ© ª'DV LVW ZDKU©VDJWH5LNODQJVDPª$EHUGXGDUIVWHVQLHPDQGHPHU]lKOHQ

/RQD 'X ZLUVW HV HLQIDFK IU PLFK DXIEHZDKUHQ IDOOV LFK HV ZLHGHUYHUJHVVHQLFKWZDKU"© ª-D5LN© 5LN EOLFNWH VLFK XP 'LH :HOW ZDU VHKU VFK|Q 9DORQD KDWWH LKP HLQPDOHU]lKOWGDHVLQGHUREHUHQ6WDGWHLQULHVLJHVOHXFKWHQGHV 6FKULIWEDQG JlEH !9RQ DOOHQ 3ODQHWHQ LQ GHU 0LOFKVWUDH LVW )ORULQDGHUVFK|QVWH$OVHUMHW]WEHUGLH)HOGHUEOLFNWHNRQQWHHU GDUDQ JODXEHQ ª(V LVW HWZDV )XUFKWEDUHV +HXWH QDFKPLWWDJ LVW HV PLUHLQJHIDOOHQ© ª-D"© ª'LHVHU3ODQHWZLUGXQWHUJHKHQ$OOH0HQVFKHQDXI)ORULQDZHUGHQ VWHUEHQ©

'HU2UWVYHUZDOWHU 0\UO\Q 7HUHQV QDKP JHUDGH HLQHQ %XFKILOP YRP 5HJDO DOV GDV 7UVLJQDO HUW|QWH 6HLQ GLFNOLFKHV *HVLFKW ZDU LQ JHGDQNHQYROOH )DOWHQ JHOHJW DEHU GLHVH JOlWWHWHQ VLFK VRIRUW XQG VHLQH =JH ]HLJWHQ QXU QRFK GHQ EOLFKHQ $XVGUXFN JHODVVHQHU 9RUVLFKW (U VWULFK VLFK EHU GDV OLFKWHU ZHUGHQGH URWH +DDU XQG ULHI ª(LQH 0LQXWH© (UVWHOOWHGHQ)LOPZLHGHULQV5HJDOXQGEHWlWLJWHGHQ6FKDOWHUGHU GHQ )LOP ]XUFNVSULQJHQ XQG PLW HLQHP 'HFNHO VFKOLHHQ OLH VR GD HU YRQ GHU EULJHQ :DQG QLFKW ]X XQWHUVFKHLGHQ ZDU 'LH HLQIDFKHQ )DEULN XQG )HOGDUEHLWHU PLW GHQHQ HU ]X WXQ KDWWH ZDUHQ]ZDUVWRO]GDUDXIGDHUHLQHUGHU,KUHQ%FKHUEHVD(LQ VFKZDFKHU 6FKLPPHU GLHVHV *ODQ]HV ILHO DXFK LQ GLH GXQNOHQ 7LHIHQ LKUHU HLJHQHQ *HPWHU 8QG GRFK ZlUH HV QLFKW UDWVDP JHZHVHQ GLH %XFKILOPH RIIHQ ]X ]HLJHQ 'LH /HXWH NRQQWHQ PLW GHQ %FKHUQ LKUHV 9HUZDOWHUV SUDKOHQ DEHU LKU $QEOLFN KlWWH DXV 7HUHQV ]X VHKU GHQ *URKHUUQ JHPDFKW XQG LKUH QLFKW DOO]X JHZDQGWHQ=XQJHQQRFKPHKUJHKHPPW 1DWUOLFK NRQQWH DXFK HLQ *URKHUU 7HUHQV LQ 6HLQHP +DXV DXIVXFKHQREJOHLFKGLHVlXHUVWXQZDKUVFKHLQOLFKZDU$EHUZHQQ WDWVlFKOLFK HLQ *URKHUU NlPHGDQQZlUHGHU$QEOLFNHLQHU5HLKH YRQ %XFKILOPHQ HEHQIDOOV XQNOXJ JHZHVHQ 7HUHQV ZDU 2UWVYHUZDOWHU XQG GLH 6LWWH UlXPWH LKP JHZLVVH 9RUUHFKWH HLQ DEHUVLHUHLFKWHQQLFKWDXVXPYRU*URKHUUHQ]XSUDKOHQ ª,FKNRPPH©ULHIHU (U JLQJ ]XU 7U XQG VFKOR GDEHL GHQ PDJQHWLVFKHQ 6DXP VHLQHU 7XQLND 6RJDU VHLQH .OHLGXQJ lKQHOWH HLQ ZHQLJ GHUMHQLJHQ GHU

*URKHUUHQ 0DQFKPDO YHUJD HU IDVW GD HU DXI )ORULQD JHERUHQ ZRUGHQZDU 9DORQD0DUFKVWDQGDXIGHU7UVFKZHOOH6LHEHXJWHGLH.QLHXQG VHQNWH GHQ .RSI LQ UHVSHNWYROOHP *UX 7HUHQV ]RJ GLH 7U ZHLW DXI ª.RPP KHUHLQ 9DORQD $EHU HV LVW VFKRQ 6SHUUVWXQGH +RIIHQWOLFKKDEHQGLFKGLH6WUHLIHQEHDPWHQQLFKWJHVHKHQ© ª,FK JODXEH QLFKW 2UWVYHUZDOWHU© ª+LHU VHW] GLFK 0|FKWHVW GX HWZDV ]X HVVHQ RGHU WULQNHQ"© 6LH VHW]WH VLFK PLW VWHLIHP 5FNHQ DXI GLH .DQWH HLQHV 6WXKOV XQG VFKWWHOWH GHQ .RSI ª1HLQ GDQNH ,FKKDEHVFKRQJHJHVVHQ© 8QWHUGHQ'RUIOHXWHQJDOWHVDOVK|IOLFK(UIULVFKXQJHQDQ]XELHWHQ (V JDOW DEHU DOV XQK|IOLFK VLH DQ]XQHKPHQ 7HUHQV ZXWH GDV (U GUlQJWHVLHQLFKWª1XQZDVJLEW V:LHGHU5LN"© 9DORQD QLFNWH VFKLHQ DEHU QXU XQJHUQ ZHLWHUH (UNOlUXQJHQ JHEHQ ]XZROOHQ ª+DW HU 6FKZLHULJNHLWHQ LQ GHU )DEULN"© ª1HLQ 2UWVYHUZDOWHU© ª+DWHUZLHGHU.RSIVFKPHU]HQ"©ª1HLQ2UWVYHUZDOWHU© ª9DORQD GX NDQQVW QLFKW HUZDUWHQ GD LFK GHLQ $QOLHJHQ HUUDWH .RPP VSULFK GLFK DXV VRQVW NDQQ LFK GLU QLFKW KHOIHQ 8QG GDV ZLOOVW GXGRFKVLFKHU"© ª-D 2UWVYHUZDOWHU© VDJWH VLH ª$EHU ZLH VROO LFK HV ,KQHQ VDJHQ" (VNOLQJWYHUUFNW© 7HUHQVZROOWHLKULPSXOVLYDXIGLH6FKXOWHUNORSIHQ'RFKHUZXWH GD VLH XQWHU VHLQHU %HUKUXQJ ]XUFNVFKUHFNHQ ZUGH 6LH KDWWH JHZRKQKHLWVPlLJLKUHJURHQ+lQGHVRWLHIZLHP|JOLFKLP.OHLG YHUJUDEHQ (U EHPHUNWH GD LKUH GHUEHQ NUlIWLJHQ )LQJHU JHIDOWHW ZDUHQXQGVLFKODQJVDPYHUNUDPSIWHQ ª,FK K|UH ]X© VDJWH HU ª:LVVHQ 6LH QRFK ZDV 6LH VDJWHQ DOV LFK ,KQHQ EHU GHQ $U]W LQ GHU 6WDGW HU]lKOW KDEH"© ª$OOHUGLQJV 9DORQD ,FK ZHL QRFK GD LFK GLU GDPDOV HLQVFKlUIWH VR HWZDV QLFKW QRFK HLQPDO ]X WXQ RKQH PLFK YRUKHU ]X IUDJHQ© 9DORQD EUDXFKWH NHLQH *HGlFKWQLVVWW]H XP VLFK VHLQHQ bUJHU ]XUFN]XUXIHQª,FKZHUGHVRHWZDVDXFKEHVWLPPWQLHZLHGHUWXQ 2UWVYHUZDOWHU$EHU6LHKDEHQPLUGDPDOVDXFKYHUVSURFKHQGDIU ]XVRUJHQGDLFK5LNEHKDOWHQNDQQ© ª+DWGLH3ROL]HLQDFKLKPJHIUDJW"© ª1HLQ© 9DORQDULGLH$XJHQDXIª*ODXEHQ6LHGDVLHNRPPHQ ZLUG"© ª:DKUVFKHLQOLFKQLFKW©7HUHQVYHUORUGLH*HGXOGª1XQVDJVFKRQ ZDVORVLVW9DORQD©6LHVHQNWHGLH$XJHQª5LNVDJWHUZLOOPLFK YHUODVVHQ,FKP|FKWHGD6LHLKQGDUDQKLQGHUQ©ª:DUXPZLOOHU GLFK YHUODVVHQ"© ª(U VDJW HU HULQQHUH VLFK DQ HWZDV© 7HUHQV EHXJWH VLFK YRU XQG KlWWH IDVW QDFK LKUHU +DQG JHJULIIHQ ª(U HULQQHUHVLFKDQHWZDV":RUDQ"©

7HUHQVGDFKWHNXU]DQGHQ7DJDQGHP5LNJHIXQGHQZRUGHQZDU (U KDWWH JHVHKHQ ZLH VLFK GLH -XQJHQ LQ GHU 1lKH HLQHV %HZlVVHUXQJVNDQDOV YRU GHP 'RUI ]XVDPPHQGUlQJWHQ ª2UWVYHUZDOWHU 2UWVYHUZDOWHU© KDWWHQ VLH PLW LKUHQ VFKULOOHQ 6WLPPHQJHUXIHQ :DV LVW ORV 5DVLH" 7HUHQV KDWWH GLH 1DPHQ GHU .LQGHU JHOHUQW DOVHULQV'RUIJHNRPPHQZDU'DVVFKPHLFKHOWHGHQ0WWHUQXQG PDFKWHGLHHUVWHQ0RQDWHOHLFKWHU 6FKDXHQ6LH2UWVYHUZDOWHUVDJWH5DVLH (UGHXWHWHDXIHWZDV:HLHVGDVVLFKDXIGHP%RGHQZDQG(VZDU 5LN 7HUHQV YHUVWDQG VR YLHO GD VLH LUJHQGHLQ 6SLHO JHPDFKW KDWWHQ GDV VLFK XP /DXIHQ 9HUVWHFNHQ XQG 9HUIROJHQ GUHKWH 6LH ZROOWHQ LKP XQEHGLQJW GLH 6SLHOUHJHOQ HUNOlUHQ XQG VWULWWHQ VLFK GDUEHU ZHOFKH *UXSSH JHZRQQHQ KlWWH ZHQQ VLH QLFKW XQWHUEURFKHQZRUGHQZlUHQ 'HU]Z|OIMlKULJH5DVLHKDWWHDOVHUVWHUGDV:LQVHOQJHK|UWXQGVLFK YRUVLFKWLJ KLQJHVFKOLFKHQ (U KDWWHHUZDUWHWHLQ7LHUDXI]XVW|EHUQ 9LHOOHLFKW HLQH )HOGUDWWH GLH PDQ JXW KlWWH MDJHQ N|QQHQ 6WDWW GHVVHQKDWWHHU5LNJHIXQGHQ 'LH-XQJHQVFKZDQNWHQ]ZLVFKHQRIIHQVLFKWOLFKHP8QEHKDJHQXQG HLQHU HEHQVR RIIHQVLFKWOLFKHQ (UUHJXQJ EHU GHQ VHOWVDPHQ $QEOLFN(VZDUHLQHUZDFKVHQHU0HQVFK IDVWQDFNWGDV.LQQQD YRQ 6SHLFKHO GHU ZLQVHOQG PLW $UPHQ XQG %HLQHQ XP VLFK VFKOXJ 7UEH EODXH $XJHQ TXROOHQ DXV VHLQHP *HVLFKW GDV YRQ HLQHP 6WRSSHOEDUW EHGHFNW ZDU 1XQ VWHFNWH HU ODQJVDP GHQ 'DXPHQLQGHQ0XQG (LQHVGHU.LQGHUODFKWH6FKDX(UOXWVFKWDP'DXPHQ 'HU SO|W]OLFKH $XVUXI EHUKUWH GLH KLQJHVWUHFNWH *HVWDOW RIIHQEDU XQDQJHQHKP 'DV *HVLFKW GHV 0DQQHV U|WHWH VLFK XQG HU EHJDQQ VFKZDFK ]X ZLPPHUQ $EHU GHU 'DXPHQ EOLHE ZR HU ZDU (U ZDU QD XQG URVDURW LP 9HUJOHLFK ]XU EULJHQ GUHFNYHUVFKPLHUWHQ +DQG 7HUHQVHUZDFKWHEHLGLHVHP$QEOLFNDXVVHLQHU(UVWDUUXQJ 6FKDXW -XQJV VDJWH HU LKU GUIW KLHU QLFKW LP .\UWIHOG KHUXPODXIHQ ,KU ]HUWUDPSHOW QXU GLH (UQWH XQG LKU ZLW ZDV SDVVLHUWZHQQHXFKGLH)HOGDUEHLWHUHUZLVFKHQ*HKWMHW]WXQGUHGHW QLFKW GDUEHU 8QG GX 5DVLH OlXIVW ]X 8OO -HQNXV XQG OlW LKQ KHUNRPPHQ 8OO -HQNXV NRQQWH LQ 7HUHQV *HPHLQGH DP HKHVWHQ DOV HLQH $UW 'RNWRU JHOWHQ(UKDWWHHLQLJH=HLWDOV/HKUOLQJLQGHU3UD[LVHLQHV ULFKWLJHQ $U]WHV LQ GHU 6WDGW JHDUEHLWHW XQG ZDU GDUDXIKLQ YRQ GHU 'LHQVWSIOLFKWDXIGHQ)HOGHUQRGHULQGHQ)DEULNHQEHIUHLWZRUGHQ (U NRQQWH 7HPSHUDWXUHQ PHVVHQ 7DEOHWWHQ YHUVFKUHLEHQ ,QMHNWLRQHQ JHEHQ XQG YRU DOOHP NRQQWH HU EHXUWHLOHQ RE HLQH

.UDQNKHLW HUQVW JHQXJ ZDU GD PDQ HLQH )DKUW ]XP .UDQNHQKDXV LQ GHU6WDGWUHFKWIHUWLJHQNRQQWH2KQHGLHVHKDOEEHUXIOLFKH6WW]H KlWWHQ DOOH GLH 8QJOFNOLFKHQ GLH DQ +LUQKDXWHQW]QGXQJHQ RGHU DNXWHU %OLQGGDUPHQW]QGXQJ HUNUDQNWHQ KHIWLJ XQG PHLVWHQIDOOV QLFKW ODQJH JHOLWWHQ 'LH 9RUDUEHLWHU DOOHUGLQJV PXUUWHQ RIW XQG EHVFKXOGLJWHQ-HQNXVHLQ+HOIHUVKHOIHUYRQ6LPXODQWHQ]XVHLQ -HQNXV XQG 7HUHQV OHJWHQ GHQ 0DQQ DXI HLQHQ GLDPDJQHWLVFKHQ 5ROOHUXQGIXKUHQLKQVRXQDXIIlOOLJZLHP|JOLFKLQGHQ2UW *HPHLQVDP ZXVFKHQ VLH LKP GLH 'UHFNNUXVWHQ DE 'DQQ XQWHUVXFKWHLKQ-HQNXV ,FK NDQQ NHLQH ,QIHNWLRQ IHVWVWHOOHQ 2UWVYHUZDOWHU (U LVW JXW JHQlKUW 'LH 5LSSHQ VWHKHQ QLFKW DOO]XVHKU KHUDXV ,FK ZHL QLFKW ZDVLFKGDYRQKDOWHQVROO:LHPDJHUZRKOGRUWKLQDXVJHNRPPHQ VHLQ2UWVYHUZDOWHU" (U VWHOOWH GLH )UDJH PLW HLQHP SHVVLPLVWLVFKHQ 8QWHUWRQ DOV N|QQH QLHPDQGYRQ7HUHQVHUZDUWHQGDHUDXIDOOHVHLQH$QWZRUWZXWH 7HUHQV QDKP HV JHODVVHQ KLQ :HQQ HLQ 2UW VHLQHQ 9HUZDOWHU YHUORUHQ KDWWH PXWH VHLQ 1DFKIROJHU ]XQlFKVW HLQH hEHUJDQJVSHULRGH GHV 0LWUDXHQV GXUFKODXIHQ (V ZDU NHLQH SHUV|QOLFKH$QWLSDWKLH ,FKIUFKWHLFKZHLHVDXFKQLFKWVDJWH7HUHQV (U NDQQ QLFKW JHKHQ .HLQHQ 6FKULWW (U PX DXVJHVHW]W ZRUGHQ VHLQ 6RYLHO LFK IHVWVWHOOHQ NDQQ N|QQWH HU HEHQVRJXW HLQ 6l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lFKOLFK VLW]HQGHQ /HEHQVZHLVH KLQ]X]LHKW EHUUDVFKW HV QLFKW GD HU VHOEVW NXU]H 6lW]HDVWKPDWLVFKKHUYRUWUDFKWHXQGVLFKVWlQGLJPLWHLQHPJURHQ URWHQ 7DVFKHQWXFK ]LHPOLFK ZLUNXQJVORV EHU GLH JOlQ]HQGH 6WLUQ ZLVFKWH ,FKZHLQLFKWUHFKWZDVZLUGHQHQYRQGHU6WUHLIHVDJHQVROOHQ 8QG GLH 6WUHLIHQEHDPWHQ NDPHQ (V ZDU XQYHUPHLGOLFK 'LH -XQJHQ KDWWHQ LKUHQ (OWHUQ YRQ GHP 9RUIDOO HU]lKOW GLH (OWHUQ

KDWWHQ HV ZHLWHUHU]lKOW 'DV /HEHQ LP 'RUI ZDU RKQHKLQ DUP DQ (UHLJQLVVHQXQGGLHVHU9RUIDOOZDUXQJHZ|KQOLFKJHQXJ(UZDUHV ZHUW DXVIKUOLFK YRQ 0XQG ]X 0XQG ZHLWHUJHJHEHQ ]X ZHUGHQ 8QG EHL GLHVHP *HUHGH NRQQWHQ GLH %HDPWHQ GLH 2KUHQ QLFKW YHUVFKOLHHQ 'LH 6WUHLIHQEHDPWHQ ZDUHQ 0LWJOLHGHU GHU IORULQLVFKHQ 3ROL]HLWUXSSH 6LH ZDUHQ QLFKW DXI )ORULQD JHERUHQ $QGHUHUVHLWV ZDUHQ VLH DXFK NHLQH /DQGVOHXWH GHU *URKHUUHQ GLH YRP3ODQHWHQ6DUNVWDPPWHQ6LHZDUHQ6|OGQHUDXIGLHPDQVLFK YHUODVVHQ NRQQWH 'HU %H]DKOXQJ ZHJHQ KLHOWHQ VLH 2UGQXQJ XQG OLHHQ VLFK QLHPDOV VR ZHLW YHUOHLWHQ PLW GHQ )ORULQLHUQ ]X V\PSDWKLVLHUHQ =ZHL GLHVHU 3ROL]HLEHDPWHQ NDPHQ XQG HLQHU GHU 9RUDUEHLWHU DXV GHU)DEULNEHJOHLWHWHVLHLP9ROOJHIKOVHLQHUNOHLQHQ$XWRULWlW'LH 3ROL]LVWHQ ODQJZHLOWHQ VLFK (LQ JHKLUQORVHU ,GLRW ZDU NHLQH DXIUHJHQGH$QJHOHJHQKHLW ª:HU LVW GLHVHU 0DQQ"© IUDJWH HLQHU GHU EHLGHQ GHQ 9RUDUEHLWHU ª.HLQH $KQXQJ (U LVW QLFKW DXV GLHVHU *HJHQG© 'HU %HDPWH ZDQGWHVLFKDQ-HQNXVª+DWWHHU3DSLHUHEHLVLFK"©ª1HLQ+HUU(U ZDU QXU LQ /XPSHQ JHNOHLGHW ,FK KDEH VLH YHUEUDQQW XP HLQH $QVWHFNXQJ ]X YHUPHLGHQ© ª:DV IHKOW LKP"© ª'HU 9HUVWDQG VRYLHOLFKIHVWVWHOOHQNRQQWH© 7HUHQVQDKPGLH3ROL]LVWHQEHLVHLWH'DVLHVLFKODQJZHLOWHQZDUHQ VLH ]XJlQJOLFK 'HU %HDPWH GHU GLH )UDJHQ JHVWHOOW KDWWH NODSSWH VHLQ 1RWLW]EXFK ]X XQG VDJWH ª,Q 2UGQXQJ (V ORKQW VLFK QLFKW HLQH 0HOGXQJ ]X PDFKHQ 'LH 6DFKH JHKW XQV QLFKWV DQ 6FKDIIHQ 6LHVLFKLKQLUJHQGZLHYRP+DOV© 'DQQ JLQJHQ VLH 'HU 9RUDUEHLWHU EOLHE (U ZDU HLQ VRPPHUVSURVVLJHU 0DQQ PLW URWHP +DDU XQG HLQHP YROOHQ VWUXSSLJHQ %DUW (U ZDU VHLW IQI -DKUHQ 9RUDUEHLWHU XQG KDWWH VWUHQJH *UXQGVlW]H 'DV EHGHXWHWH GD GLH 9HUDQWZRUWXQJ IU GLH (UIOOXQJGHV6ROOVVFKZHUDXILKPODVWHWH ª1XQ VWHKHQ ZLU GD© VDJWH HU HUERVW ª:DV VROO PDQ MHW]W WXQ" 'LHVH YHUIOXFKWHQ .HUOH VLQG JHZDQGW LP 5HGHQ DEHU VLH DUEHLWHQ QLFKW© ª6FKLFNHQ 6LH LKQ LQV .UDQNHQKDXV GDV ZLUG GDV EHVWH VHLQ© VDJWH -HQNXV XQG ZLVFKWH HLIULJ PLW GHP 7DVFKHQWXFK ª,FK NDQQ QLFKWV IULKQ WXQ©ª,QGLH6WDGW"©HUZLGHUWHGHU9RUDUEHLWHU HQWVHW]W ª:HU EHUQLPPW GLH .RVWHQ" :HU VROO IU GLH $U]WKRQRUDUH DXINRPPHQ" (U LVW GRFK NHLQHU YRQ XQV RGHU"© ª6RYLHO LFK ZHL QLFKW© JDE -HQNXV ]X ª:DUXP VROOHQ GDQQ DXVJHUHFKQHW ZLU EH]DKOHQ" 6WHOOHQ 6LH IHVW ZRKLQ HU JHK|UW 6HLQ 'RUIVROOIULKQDXINRPPHQ©ª.|QQHQ6LHPLUVDJHQZLHLFKGDV IHVWVWHOOHQVROO"© 'HU 9RUDUEHLWHU EHUOHJWH 6HLQH =XQJH OHFNWH XQG VSLHOWH PLW GHQ UDXKHQ U|WOLFKHQ 6WRSSHOQ DQ VHLQHU 2EHUOLSSH ª'DQQZHUGHQZLU

LKQ XQV HLQIDFK LUJHQGZLH YRP +DOV VFKDIIHQ ZLH GHU 3ROL]LVW JHVDJWKDW©7HUHQVXQWHUEUDFKª:LHPHLQHQ6LHGDV"©ª(UN|QQWH HEHQVRJXW WRW VHLQ (V ZlUH IU LKQ HLQH (UO|VXQJ© ª0DQ GDUI HLQHQ 0HQVFKHQQLFKWW|WHQ©VDJWH7HUHQVª9LHOOHLFKWN|QQHQ6LH PLUGDQQ VDJHQZDV]XWXQLVW"©ª.|QQWHQLFKWLUJHQGMHPDQGDXV GHP 2UW IU LKQ VRUJHQ"© ª:HU KlWWH GD]X VFKRQ /XVW 6LH YLHOOHLFKW"©7HUHQVLJQRULHUWHGDVXQYHUEOPWH%HWUDJHQª,FKKDEH DQGHUH'LQJH]XWXQ©ª6RJHKWHVXQVDOOHQ,FKNDQQQLFKWGXOGHQ GD LUJHQG MHPDQG GLH )DEULNDUEHLW YHUQDFKOlVVLJW XP IU GLHVHV VWXPSIVLQQLJH:HVHQKLHU]XVRUJHQ© 7HUHQV VHXI]WH ª1XQ 9RUDUEHLWHU ZLU ZROOHQ YHUQQIWLJ PLWHLQDQGHU UHGHQ :HQQ 6LHEHLVSLHOVZHLVH LQGLHVHP4XDUWDOGDV 6ROO QLFKW HUIOOWHQ ZUGH LFK DQQHKPHQ HV NlPH GDKHU GD HLQH ,KUHU $UEHLWHULQQHQ IU GLHVHQ DUPHQ %XUVFKHQ KLHU VRUJW ,FK ZUGH GDQQ IU 6LH PLW GHP *URKHUUQ VSUHFKHQ $QGHUQIDOOV ZUGH LFK HLQIDFK VDJHQ LFK ZWH NHLQHQ *UXQG ZDUXP 6LH GDV 6ROO QLFKW HUIOOWHQ 'LHV QXU IU GHQ )DOO GD 6LH HV WDWVlFKOLFK QLFKWVFKDIIHQ© 'HU 9RUDUEHLWHU NRFKWH 'HU 2UWVYHUZDOWHU ZDU HUVW VHLW HLQHP 0RQDWKLHUXQGVFKRQQDKPHUHVPLW0lQQHUQDXIGLHLKUJDQ]HV /HEHQ LQ GLHVHU *HJHQG YHUEUDFKW KDWWHQ ,PPHUKLQ KDWWH HU HLQHQ $XVZHLV PLW GHQ 8QWHUVFKULIWHQ GHU *URKHUUHQ XQG HV ZlUH XQNOXJJHZHVHQVLFKLKPRIIHQ]XZLGHUVHW]HQ ª$EHU ZHU VROO LKQ QHKPHQ"© IUDJWH HU (LQH VFKUHFNOLFKH $KQXQJ EHUILHO LKQ ª,FK NDQQ HV QLFKW ,FK KDEH VHOEVW GUHL .LQGHU XQG PHLQHU )UDX JHKW HV QLFKW JXW© ª,FK KDEH QLFKW JHVDJW 6LH VROOWHQ LKQQHKPHQ© 7HUHQV EOLFNWH ]XP )HQVWHU KLQDXV 1XQ GD GLH 3ROL]HLEHDPWHQ JHJDQJHQZDUHQYHUVDPPHOWHVLFKHLQHWXVFKHOQGH0HQJHYRUGHP +DXV GHV 2UWVYHUZDOWHUV 'LH PHLVWHQ ZDUHQ ]X MXQJ XP ]X DUEHLWHQ DQGHUH ZDUHQ )HOGDUEHLWHU 1XU HLQLJH ZHQLJH )DEULNDUEHLWHUZDUHQGDUXQWHUGLHJHUDGHYRQLKUHU6FKLFKWNDPHQ 7HUHQVVDKGDVJURH0lGFKHQLQGHUKLQWHUVWHQ5HLKHGHU0HQJH 6LH ZDU LKP VFKRQ |IWHUV DXIJHIDOOHQ 6LH VFKLHQ NUlIWLJ OHLVWXQJVIlKLJ XQG DUEHLWVDP +LQWHU LKUHP XQJOFNOLFKHQ bXHUHQ YHUEDUJVLFKHLQHJHVXQGH,QWHOOLJHQ]:HQQVLHHLQ0DQQJHZHVHQ ZlUH KlWWH PDQ VLH ]XP 2UWVYHUZDOWHU DXVJHELOGHW $EHU VLH ZDU HLQH )UDX HLQH HLQVDPH )UDX XQG GDV ZUGH VLH ZDKUVFKHLQOLFK EOHLEHQ ª:LHZDU VPLWLKU"©IUDJWH7HUHQV'HU9RUDUEHLWHUEOLFNWHKLQDXV ª9HUGDPPW© EUOOWH HU ª6LH VROOWH EHL GHU $UEHLW VHLQ© ª6FKRQ JXW© EHVlQIWLJWH LKQ 7HUHQV ª:LH KHLW VLH"© ª9DORQD 0DUFK© ª5LFKWLJ -HW]W HULQQHUH LFK PLFK 5XIHQ 6LH GDV 0lGFKHQKHUHLQ© 9RQ GLHVHP $XJHQEOLFN DQ ZDU 7HUHQV GHU LQRIIL]LHOOH 9RUPXQG

GHV 3DDUHV JHZHVHQ (U KDWWH ]XVlW]OLFKH (VVHQVUDWLRQHQ XQG .OHLGHUNDUWHQ IU VLH EHVRUJW XQG DOOHV ZDV Q|WLJ ZDU GDPLW ]ZHL (UZDFKVHQH YRQ GHQHQ QXU HLQHU UHJLVWULHUW ZDU YRP (LQNRPPHQ GLHVHV HLQHQ OHEHQ NRQQWHQ (U KDWWH DXFK GDV 6HLQH GD]X EHLJHWUDJHQ GD 5LN IU GLH $UEHLW LQ GHU .\UWIDEULN DXVJHELOGHW ZXUGH 8QGHUKDWWHLQWHUYHQLHUWDOV9DORQDPLWLKUHP$EWHLOXQJVOHLWHULQ 6WUHLW JHULHW 'HU 7RG GHV $U]WHV LQ GHU 6WDGW KDWWH HV EHUIOVVLJ JHPDFKW GRUW ZHLWHUH 6FKULWWH ]X XQWHUQHKPHQ DEHU HU ZlUH GD]X EHUHLW JHZHVHQ (V YHUVWDQG VLFK YRQ VHOEVW GD 9DORQD PLW DOO LKUHQ6RUJHQ]XLKPNDPXQGHUZDUWHWHQXQ GDUDXIGDVLHVHLQH )UDJH EHDQWZRUWHWH 9DORQD ]|JHUWH LPPHU QRFK 6FKOLHOLFK VDJWH VLHª(UPHLQW)ORULQDZUGHXQWHUJHKHQ© 7HUHQVEOLFNWHHUVFKURFNHQDXIª:RGXUFK"©ª(UVDJWGDVZLVVHHU VHOEVW QLFKW (U VDJW QXU HU HULQQHUH VLFK GDUDQ 8QG HU PHLQW HU KDEH HLQH ZLFKWLJH $XIJDEH JHKDEW $EHU LFK YHUVWHKH QLFKW ZDV IUHLQH© ª:DVHU]lKOWHUGDUEHU"© ª(U VDJW HU KDEH GDV 1LFKWV DQ DQDO\VLHUW 1LFKWV PLW JURHP 1©8QGVLHEHHLOWHVLFK]XHUNOlUHQª$QDO\VLHUHQEHGHXWHW!HWZDV DXVHLQDQGHUQHKPHQ ZLH © ª,FK ZHL ZDV GDV EHGHXWHW 0lGFKHQ© 9DORQD VDK 7HUHQV ]ZHLIHOQG DQ ª$EHU ZLH NDQQ PDQ PLWGHP1LFKWVHWZDVWXQ"© 7HUHQV VWDQG DXI (U OlFKHOWH IOFKWLJ ª:HLW GX QLFKW GD GDV JDQ]H 0LOFKVWUDHQV\VWHP JU|WHQWHLOV DXV 1LFKWV EHVWHKW"© 9DORQD YHUVWDQG HV QLFKW DEHU VLH VFKZLHJ'HU 2UWVYRUVWHKHU ZDU HLQVHKUJHELOGHWHU0DQQ8QGSO|W]OLFKZDUVLHVLFKHUGDLKU5LN VRJDUQRFKJHELOGHWHUVHL ª.RPP© 7HUHQV VWUHFNWH GLH +DQG QDFK LKU DXV ª:RKLQ JHKHQ ZLU"© ª:R LVW 5LN"© ª=X +DXVH (U VFKOlIW© ª*XW ,FK EHJOHLWH GLFK'XZLOOVWGRFKDXFKQLFKWGDGLFKGLH3ROL]HLVWUHLIHDXIGHU 6WUDHHUZLVFKW"© 'DV 'RUI VFKLHQ DXVJHVWRUEHQ ]X VHLQ 'LH /LFKWHU GHU HLQ]LJHQ 6WUDH GLH GDV *HELHW GHU $UEHLWHU6FKODINDELQHQ LQ ]ZHL +lOIWHQ WHLOWH VFKLPPHUWHQ PDWW (V UHJQHWH OHLFKW ZLH IDVW MHGH 1DFKW $EHU HV ZDU QLFKW Q|WLJ VLFK JHJHQ GLHVHQ 5HJHQ ]X VFKW]HQ 9DORQD ZDU QRFK QLH DQ HLQHP $UEHLWVWDJ VR VSlW DXI GHU 6WUDH JHZHVHQ 6LH IUFKWHWH VLFK 6LH YHUVXFKWH P|JOLFKVW OHLVH ]X JHKHQ ZlKUHQG VLH DXI GLH IHUQHQ 6FKULWWH GHU 3ROL]LVWHQKRUFKWH ª'XEUDXFKVWQLFKWDXIGHQ=HKHQVSLW]HQ]XJHKHQ9DORQD,FKELQ EHL GLU© 6HLQH 6WLPPH GU|KQWH LQ GHU 6WLOOH XQG 9DORQD ]XFNWH ]XVDPPHQ$XIVHLQ'UlQJHQHLOWHVLHZHLWHU 9DORQDV .DELQH ZDU VR GXQNHO ZLH DOOH DQGHUHQ /HLVH WUDWHQ VLH HLQ 7HUHQV ZDU LQ HLQHU VROFKHQ +WWH JHERUHQ XQG DXIJH]RJHQ

ZRUGHQXQGREZRKOHUGDQDFKDXIGHP3ODQHWHQ6DUNJHOHEWKDWWH XQG QXQ DXI )ORULQD HLQ +DXV PLW GUHL =LPPHUQ XQG VDQLWlUHQ $QODJHQ EHZRKQWH KDWWH IU LKQ GLH 1FKWHUQKHLW HLQHV VROFKHQ 5DXPHV LPPHU QRFK HWZDV +HLPHOLJHV DQ VLFK (LQ %HWW HLQH .RPPRGHHLQJODWWHU*X]HPHQWERGHQHLQ6FKUDQNLQHLQHU(FNH ZDUDOOHVZDVPDQEUDXFKWH 0DQEHQ|WLJWHNHLQH.FKHQJHUlWHGHQQDOOH0DKO]HLWHQZXUGHQLQ GHU )DEULN HLQJHQRPPHQ $XFK HLQ %DGH]LPPHU ZDU QLFKW QRWZHQGLJ ZHLO KLQWHU GHQ 6FKODINDELQHQ GLH *HPHLQVFKDIWV %DGHKlXVHU XQG 'XVFKUlXPH ODJHQ ,Q GHP XQYHUlQGHUOLFKPLOGHQ .OLPD )ORULQDV EUDXFKWH PDQ NHLQH )HQVWHU GLH JHJHQ .lOWH XQG 5HJHQ VFKW]WHQ $OOH YLHU :lQGH ZDUHQ YRQ )lFKHUMDORXVLHQ GXUFKEURFKHQXQGGLH'DFKULQQHQGDUEHUERWHQJHQJHQG6FKXW] YRU GHP QlFKWOLFKHQ 6SUKUHJHQ GHU VWHWV EHL :LQGVWLOOH QLHGHUJLQJ ,P 6FKHLQ HLQHU NOHLQHQ 7DVFKHQODPSH EHPHUNWH 7HUHQV GD HLQH (FNHGHV5DXPHVGXUFKHLQHVFKlELJH.ODSSZDQGDEJHWHLOWZDU(U KDWWH VLH 9DORQD HUVW NU]OLFK EHVRUJW DOV 5LN QLFKW PHKU JHQXJ bKQOLFKNHLW PLW HLQHP %DE\ RGHU ]X YLHO PLW HLQHP (UZDFKVHQHQ KDWWH (U K|UWH GHQ UHJHOPlLJHQ $WHP KLQWHU GHU .ODSSZDQG (U GHXWHWHPLWGHP.RSILQMHQH5LFKWXQJª:HFNHLKQDXI9DORQD© 9DORQDSRFKWHDQGLH:DQGª5LN5LN%DE\© (LQNOHLQHU6FKUHL ª,FK ELQ V© VDJWH 9DORQD 6LH VFKRE GLH :DQG EHLVHLWH XQG 7HUHQV OLH GHQ 6FKHLQ VHLQHU 7DVFKHQODPSH ]XHUVW EHU VHLQ HLJHQHV XQG 9DORQDV *HVLFKW VSLHOHQ GDQQ EHU 5LN 5LN KLHOW VFKW]HQGGLH+DQGYRUGLH$XJHQª:DVLVW"© 7HUHQV VHW]WH VLFK DXI GLH %HWWNDQWH 5LN VFKOLHI LP (LQKHLWVEHWW ZLHHUEHPHUNWH7HUHQVKDWWHIU5LNHLQDOWHV]LHPOLFKZDFNHOLJHV 0HWDOOEHWW EHVRUJW DEHU 9DORQD KDWWH HV VHOEVW LQ *HEUDXFK JHQRPPHQ ª5LN© VDJWH HU ª9DORQD KDW PLU HU]lKOW GD GX GLFK DQHWZDVHULQQHUVW© ª-D 2UWVYHUZDOWHU© 5LN ZDU 7HUHQV JHJHQEHU LPPHU VHKU GHPWLJ GHQQ HU ZDU GHU ZLFKWLJVWH 0DQQ GHQ HU NDQQWH 6RJDU GHU :HUNOHLWHU ZDU K|IOLFK ]X LKP 5LN ZLHGHUKROWH GLH %UXFKVWFNH GLH VLFK ZlKUHQG GHV 7DJHV LQ VHLQHP *HGlFKWQLV DQJHVDPPHOWKDWWHQ ª8QG KDVW GX GLFK DXHUGHP QRFK DQ HWZDV DQGHUHV HULQQHUW VHLW GXGLHV9DORQDHU]lKOWKDVW"© ª1HLQVRQVWDQQLFKWV2UWVYHUZDOWHU© 7HUHQV NQHWHWH VHLQH )LQJHU ª6FK|Q'DQQVFKODIQXUZLHGHUHLQ© 9DORQD EHJOHLWHWH LKQ YRUV +DXV 6LH YHUVXFKWH DQJHVWUHQJW NHLQH *HPWVEHZHJXQJ ]X ]HLJHQ 6FKOLHOLFK IXKU VLH VLFK PLW GHP +DQGUFNHQ EHU GLH $XJHQ ª:LUG HU PLFK YHUODVVHQ PVVHQ

2UWVYHUZDOWHU"© 7HUHQV HUJULII LKUH +DQG XQG VDJWH HUQVW ª'X PXW HLQH HUZDFKVHQH )UDX VHLQ 9DORQD (U ZLUG HLQPDO NXU] PLW PLU NRPPHQPVVHQ$EHULFKZHUGHLKQGDQDFKZLHGHUEULQJHQ© ª8QGGDQQ"© ª'DVZHLLFKQRFKQLFKW'XPXW9HUVWlQGQLVKDEHQ9DORQD,P $XJHQEOLFN LVW HV GDV ZLFKWLJVWH 5LNV *HGlFKWQLV QDFK]XKHOIHQ© ª0HLQHQ 6LH ZLUNOLFK GD )ORULQD XQWHUJHKHQ ZLUG ZLH HU VDJW"© 7HUHQV *ULII XP LKUH +DQG ZXUGH IHVWHU ª6SULFK PLW QLHPDQGHP GDUEHU9DORQDVRQVWN|QQWHQGLH6WUHLIHQEHDPWHQ5LNIULPPHU PLWQHKPHQ(VLVWPHLQ(UQVW© (U ZDQGWH VLFK XP XQG JLQJ ODQJVDP XQG JHGDQNHQYHUORUHQ ]X VHLQHP +DXV ]XUFN RKQH VLFK JDQ] EHZXW ]X VHLQ GD VHLQH +lQGH ]LWWHUWHQ (U YHUVXFKWH YHUJHEOLFK ]X VFKODIHQ XQG QDFK HLQHU 6WXQGH VWHOOWH HU GDV 1DUNRVHJHUlW HLQ (V ZDU HLQHV GHU ZHQLJHQ 'LQJH GLH HU YRQ 6DUN PLWJHEUDFKW KDWWH (V XPVFKOR GHQ.RSIZLHHLQHGQQHVFKZDU]H)LO]NDSSH(UVWHOOWHGDV*HUlW DXIIQI6WXQGHQHLQXQGVFKDOWHWHHVDQ (U KDWWH QRFK =HLW VLFK EHTXHP KLQ]XOHJHQ HKH GDV *HUlW GLH %HZXWVHLQV]HQWUHQ LQ VHLQHP *HKLUQ DXVVFKOR XQG HU LQ HLQHQ WUDXPORVHQ6FKODIILHO

'LH%LEOLRWKHNDULQ 6LH OLHHQ GHQ GLDPDJQHWLVFKHQ 5ROOHU LQ HLQHU $EVWHOONDELQH DXHUKDOE GHU 6WDGW VWHKHQ 5ROOHU ZDUHQ UDU LQ GHU 6WDGW XQG 7HUHQV ZROOWH NHLQH XQQW]H $XIPHUNVDPNHLW HUUHJHQ (LQHQ $XJHQEOLFNGDFKWHHUZWHQGDQGLH%HZRKQHUGHUREHUHQ6WDGWPLW LKUHQ GLDPDJQHWLVFKHQ :DJHQ XQG $QWL6FKZHUNUDIWJ\URV 'RFK GDVJHK|UWH]XHLQHUDQGHUHQ:HOW 5LN ZDUWHWHELV7HUHQVGLH.DELQHDEJHVFKORVVHQXQGGXUFKHLQHQ )LQJHUDEGUXFN YHUVLHJHOW KDWWH (U WUXJ HLQHQ QHXHQ DXV HLQHP 6WFNEHVWHKHQGHQ$Q]XJ XQGIKOWHVLFKHWZDVXQEHKDJOLFKGDULQ =|JHUQG IROJWH HU 7HUHQV XQWHU GHP HUVWHQ MHQHU JURHQ EUFNHQlKQOLFKHQ *HUVWH KLQGXUFK GLH GLH REHUH 6WDGW WUXJHQ $OOH DQGHUHQ 6WlGWH DXI )ORULQD EHVDHQ 1DPHQ 'LHVH DEHU KLH HLQIDFK!'LH 6WDGW 'LH$UEHLWHUXQG%DXHUQGLHKLHUXQGLQGHU QlKHUHQ 8PJHEXQJ OHEWHQ ZXUGHQ YRQ GHQ EULJHQ 3ODQHWHQEHZRKQHUQEHQHLGHW,QGHU6WDGWJDEHVEHVVHUHbU]WHXQG .UDQNHQKlXVHU PHKU +DQGHOVQLHGHUODVVXQJHQ XQG *DVWVWlWWHQ XQG KLQ XQG ZLHGHU VRJDU HLQH 6SXU YRQ /X[XV 'LH (LQZRKQHU VHOEVW

ZDUHQQLFKWVREHJHLVWHUW6LHOHEWHQLP6FKDWWHQGHUREHUHQ6WDGW 'LH REHUH 6WDGW ZDU JHQDX GDV ZDV LKU 1DPH EHVDJW 'HQQ GLH JDQ]H 6WDGW EHVWDQG DXV ]ZHL +lOIWHQ 6LH ZDUHQ GXUFK HLQH KRUL]RQWDOH IQI]LJ 4XDGUDWPHLOHQ JURH =HPHQWVFKLFKW GLH DXI HWZD ]ZDQ]LJWDXVHQG 6WDKOVlXOHQ UXKWH YRQHLQDQGHU JHWUHQQW 'DUXQWHU LP 6FKDWWHQ ZRKQWHQ GLH !(LQJHERUHQHQ 'DUEHU LQ GHU 6RQQH GLH *URKHUUHQ ,Q GHU REHUHQ 6WDGW GHXWHWH QLFKWV GDUDXI KLQ GD PDQ VLFK DXI GHP 3ODQHWHQ )ORULQD EHIDQG 'LH %HY|ONHUXQJ ZDUIDVWDXVVFKOLHOLFKYRP3ODQHWHQ6DUNZHQQPDQ YRQHLQHUNOHLQHQ3ROL]HLDEWHLOXQJDEVDK 7HUHQV NDQQWH GHQ :HJ (U JLQJ UDVFK PLHG GLH %OLFNH GHU 9RUEHUJHKHQGHQ GLH VHLQH 2UWVYHUZDOWHU8QLIRUP PLW HLQHU 0LVFKXQJ YRQ 1HLG XQG 5HVVHQWLPHQW EHWUDFKWHWHQ 5LN KLHOW PKVDP 6FKULWW (U HULQQHUWH VLFK QXU QRFK XQGHXWOLFK DQ VHLQHQ HUVWHQ %HVXFK LQ GHU6WDGW'DPDOVZDUGHU+LPPHOEHZ|ONW1XQ DEHU VFKLHQ GLH 6RQQH XQG LKUH 6WUDKOHQ GUDQJHQ GXUFK GLH LQ UHJHOPlLJHQ $EVWlQGHQ YHUWHLOWHQ gIIQXQJHQ LQ GHU =HPHQWVFKLFKW XQG ELOGHWHQ /LFKWEDONHQ ZHOFKH GLH =ZLVFKHQUlXPHXPVRGXQNOHUHUVFKHLQHQOLHHQ:lKUHQG5LNXQG 7HUHQV GDKLQJLQJHQ ZHFKVHOWHQ +HOO XQG 'XQNHO LQ HLQHP IDVW K\SQRWLVFKHQ5K\WKPXV *UHLVH VDHQ DXI 5ROOVWKOHQ LQ GHQ /LFKWVWUHLIHQ XQG UFNWHQ PLW GHU 6RQQH ZHLWHU 0DQFKH VFKOLHIHQ HLQ XQG EOLHEHQ LP 6FKDWWHQ ]XUFNHVVHLGHQQGDVLHGDV4XLHWVFKHQGHU5lGHUZHFNWHZHQQ GLH DQGHUHQ GLH 3RVLWLRQ ZHFKVHOWHQ *HOHJHQWOLFK EORFNLHUWHQ 0WWHUPLWLKUHQ 1DFKNRPPHQGLH6RQQHQSOlW]H 7HUHQV EOLHE YRU HLQHU .RQVWUXNWLRQ VWHKHQ GLH GHQ JHVDPWHQ 5DXP ]ZLVFKHQ YLHU 6lXOHQ YRP %RGHQ ELV ]XU =HPHQWVFKLFKW IOOWH 5LN HUULHW ZDV GLHVHV *HELOGH ZDU HLQ $XI]XJ GHU ]XU REHUHQ6WDGWIKUWH 'LHVH9HUELQGXQJ ]ZLVFKHQGHQEHLGHQ6WDGWWHLOHQZDUQRWZHQGLJ 8QWHQ ZXUGH SURGX]LHUW REHQ YHUEUDXFKW *UXQGVWRIIH XQG 5RKQDKUXQJ ZXUGHQ LQ GLH XQWHUH 6WDGW EHI|UGHUW IHUWLJH 3ODVWLNZDUH XQG 'HOLNDWHVVHQ ZDQGHUWHQ QDFK REHQ $XFK 'LHQVWPlGFKHQ *lUWQHU &KDXIIHXUH %DXDUEHLWHU EH]RJ PDQ DXV GHUXQWHUHQ6WDGW ª,FKP|FKWHQLFKWKLQDXI©VDJWH5LN 7HUHQV LJQRULHUWH 5LNV 8QEHKDJHQ (U ZDU YHUEOIIW GD VHLQ HLJHQHV +HU] VR KHIWLJ VFKOXJ 1LFKW DXV $QJVW HKHU DXV %HIULHGLJXQJ GDUEHUGDHUKLQDXIIDKUHQZHUGH(UZUGHZLHGHU EHU GHQ JHKHLOLJWHQ =HPHQWERGHQ JHKHQ XQG VHLQHQ 6FKPXW] GDUDXI DEVFKOXUIHQ $OV 2UWVYHUZDOWHU GXUIWH HU GDV )U GLH *URKHUUHQ ZDU HU QDWUOLFK GHQQRFK QXU HLQ IORULQLVFKHU (LQJHERUHQHU $EHU HU ZDU 2UWVYHUZDOWHU XQG NRQQWH DXI GHP

=HPHQWKHUXPWUDPSHOQ ZDQQLPPHUHVLKPEHOLHEWH(UKDWHVLH 7HUHQV KROWH WLHI $WHP XQG VLJQDOLVLHUWH GHP $XI]XJ (V KDWWH NHLQHQ =ZHFN VLFK DXI]XUHJHQ (U ZDU VHOEVW YLHOH -DKUH DXI 6DUN JHZHVHQ GHP +HLPDWSODQHWHQGHU*URKHUUHQ(UKDWWHHVJHOHUQW VFKZHLJHQG ]X GXOGHQ (U GXUIWH QLFKW YHUJHVVHQ ZDV HU GRUW JHOHUQWKDWWH$PZHQLJVWHQMHW]W 'HU$XI]XJVHW]WHDXIGHUXQWHUHQ3ODWWIRUPDXIXQGGLH:DQGYRU GHU 7HUHQV XQG 5LN VWDQGHQ YHUVDQN LQ HLQHQ %RGHQVFKOLW] 'HU $XI =XJIKUHU HLQ )ORULQLHU EOLFNWH VLH XQZLOOLJ DQ ª,KU VHLG QXU ]X ]ZHLW"© ª1XU ]X ]ZHLW© VDJWH 7HUHQV KHUDXVIRUGHUQG XQG WUDW HLQ5LNIROJWH 'HU $XI]XJIKUHU PDFKWH NHLQH $QVWDOWHQ GLH QLHGHUJHODVVHQH :DQG ZLHGHU LQ LKUH XUVSUQJOLFKH /DJH ]XUFN]XEULQJHQ ª,KU N|QQWHW HEHQVRJXW DXI GLH =ZHL8KU)UDFKW ZDUWHQ XQG GDQQ PLWIDKUHQ :R NlPHQ ZLU KLQ ZHQQ LFK GDV 'LQJ MHGHVPDOZHJHQ OXPSLJHU]ZHL.HUOVKHUXQWHU XQGKLQDXIIDKUHQOLHH© (U VSXFNWH DXV XQG DFKWHWH GDEHL GDUDXI GD VHLQ 6SHLFKHO GHQ %RGHQ GHU XQWHUHQ 6WDGW WUDI XQG MD QLFKW GHQ %RGHQ VHLQHV $XI]XJVª:R VLQG HXUH %HVFKlIWLJXQJVQDFKZHLVH"© IXKU HU IRUW ª,FK ELQ 2UWVYHUZDOWHU© VDJWH 7HUHQV ª6LHKVW GX QLFKW PHLQH 8QLIRUP"© ª8QLIRUP JLOW QLFKW *ODXEVW GX LFK ULVNLHUH PHLQHQ 3RVWHQQXUZHLOGXYLHOOHLFKWLUJHQGZRHLQH8QLIRUPJHNODXWKDVW" :RLVWGHLQH.DUWH"© 7HUHQV ]HLJWH RKQH ZHLWHUH :RUWH VHLQH $XVZHLVPDSSH GLH MHGHU 3ODQHWEHZRKQHU VWlQGLJ EHL VLFK WUDJHQ PXWH 6LH HQWKLHOW 5HJLVWULHUQXPPHU %HVFKlIWLJXQJVQDFKZHLV 6WHXHUTXLWWXQJ XQG EHL 7HUHQV HLQHQ NDUPLQURWHQ 2UWVYHUZDOWHU$XVZHLV 'HU $XI]XJIKUHUSUIWHLKQNXU] ª*XW 9LHOOHLFKW KDVW GX DXFK GDV JHIXQGHQ $EHU GDV JHKW PLFK QLFKWV DQ 8QG ZDV LVW PLW GHP DQGHUHQ .HUO KLHU"© ª,FK KDIWH IU LKQ© VDJWH 7HUHQV ª(U NDQQ PLWNRPPHQ 2GHU VROOHQ ZLU GLH 6WUHLIHUXIHQXQGGHLQH9RUVFKULIWHQSUIHQODVVHQ"© 'LHV ZlUH GDV OHW]WH JHZHVHQ ZDV 7HUHQV VHOEVW ZROOWH $EHU HU JDE VLFK HLQHQ VHKU VHOEVWVLFKHUHQ $QVFKHLQ ª6FKRQ JXW 'X EUDXFKVWGLFKQLFKWJOHLFKDXI]XUHJHQ©'LH7UJOLWW KRFKXQGPLW HLQHP 5XFN EHJDQQ GHU $XI]XJ ]X VWHLJHQ 'HU $XI]XJIKUHU PXUPHOWHHWZDVYRUVLFKKLQ 7HUHQV OlFKHOWH YHUNUDPSIW $OOH GLH GLUHNW IU GLH 6DUNLWHQ DUEHLWHWHQ ZDUHQ QXU DOO]X JHQHLJW VLFK PLW LKUHQ +HUUHQ ]X LGHQWLIL]LHUHQ XQG VLH VXFKWHQ LKUH Y|OOLJH %HGHXWXQJVORVLJNHLW GDGXUFKZHWW]XPDFKHQGDVLHXPVRVWULNWHUDQLKUHQ9RUVFKULIWHQ NOHEWHQ XQG LKUH /DQGVOHXWH JURE XQG KRFKPWLJ EHKDQGHOWHQ 6LH ZDUHQGLH!%HVVHUHQXQGGLHEULJHQ)ORULQLHUKDWWHQIUVLHLKUHQ JDQ] VSH]LHOOHQ +D UHVHUYLHUW GHU QLFKW GXUFK GLH VRUJIlOWLJ

HLQJHWULFKWHUWH(KUIXUFKWYHUZlVVHUWZDUGLHVLHIUGLH*URKHUUHQ KHJWHQ 'HUYHUWLNDOH$EVWDQG]ZLVFKHQGHQEHLGHQ6WDGWKlOIWHQEHWUXJQXU ]HKQ 0HWHU 8QG GRFK |IIQHWH VLFK QXQ GLH 7U ]X HLQHU DQGHUHQ :HOW:LHGLH6WlGWHDXI6DUNZDUDXFKGLHREHUH6WDGW PLWHLQHP EHVRQGHUHQ 6LQQ IU )DUEHQ DQJHOHJW 'LH HLQ]HOQHQ %DXZHUNH RE HVQXQ:RKQKlXVHURGHU|IIHQWOLFKH*HElXGHZDUHQIJWHQVLFKLQ HLQ NRPSOL]LHUWHV YLHOIDUELJHV 0XVWHU HLQ GDV DXV GHU 1lKH EHWUDFKWHW HLQ VLQQORVHV 'XUFKHLQDQGHU ]X VHLQ VFKLHQ DEHU VFKRQ EHL HLQHU (QWIHUQXQJ YRQ KXQGHUW 0HWHUQ HLQ IOLHHQGHV =XVDPPHQVSLHOYRQYHUVFKLHGHQHQ)DUEW|QXQJHQHUJDEGDVVLFKMH QDFKGHP%OLFNZLQNHOVWlQGLJYHUlQGHUWH ª.RPP©VDJWH7HUHQV 5LN VFKDXWH PLW JURHQ $XJHQ 1LFKWV /HEHQGLJHV QLFKWV :DFKVHQGHV ZDU ]X VHKHQ 1XU 6WHLQH XQG )DUEHQ LQ ULHVLJHQ =XVDPPHQEDOOXQJHQ (U KDWWH QLFKW JHZXW GD +lXVHU VR JUR VHLQ NRQQWHQ *DQ] NXU] UHJWH VLFK HWZDV LQ VHLQHP *HGlFKWQLV (LQH 6HNXQGH ODQJ ZDU GDV 5LHVHQKDIWH QLFKW JDQ] VR IUHPGDUWLJ IU LKQ 8QG GDQQ YHUVFKZDQG GLH (ULQQHUXQJ ZLHGHU (LQ %RGHQZDJHQKXVFKWHYRUEHLª6LQGGDV*URKHUUHQ"©IOVWHUWH5LN (VZDUVRUDVFKJHJDQJHQGDPDQQXUHLQHQIOFKWLJHQ%OLFNDXI VLH ZHUIHQ NRQQWH ,KU +DDU ZDU NXU] JHVFKQLWWHQ VLH WUXJHQ ZHLWH %OXVHQLQOHXFKWHQGHQ)DUEHQYRQ%ODXELV9LROHWW.QLHKRVHQGLH DXV 6DPW ]X VHLQ VFKLHQHQ XQG ODQJH JODWWH 6WUPSIH GLH JOLW]HUWHQ DOV VHLHQ VLH DXV GQQHQ .XSIHUGUlKWHQ JHIHUWLJW 6LH YHUJHXGHWHQNHLQHQ%OLFNIU5LNXQG7HUHQV ª'DVZDUHQMXQJH*URKHUUHQ©VDJWH7HUHQV(UKDWWHVLHVHLWGHP HU 6DUN YHUODVVHQ KDWWH QLFKW PHKU DXV VROFKHU 1lKHJHVHKHQ$XI 6DUNZDUHQVLHEHOJHQXJ JHZHVHQXQGKLHU]HKQ0HWHUEHUGHU !+|OOH ZDUHQ VLH HUVW UHFKW NHLQH (QJHO :LHGHU XQWHUGUFNWH HU HLQQXW]ORVHV+DJHIKOGDVLQLKPDXIVWHLJHQZROOWH (LQ ]ZHLVLW]LJHU :DJHQ ]LVFKWH IQI =HQWLPHWHU EHU GHP %RGHQ DXI VLH ]X (V ZDU HLQ QHXHV 0RGHOO PLW /XIWZLGHUVWDQGVEUHPVHQ 'LH 5lQGHU GHU *UXQGIOlFKH ERJHQ VLFK DQ DOOHQ6HLWHQQDFKREHQ XQGVFKQLWWHQGLH/XIW'LHVHU]HXJWHGDVFKDUDNWHULVWLVFKH=LVFKHQ DQGHPPDQGLH6WUHLIHQZDJHQHUNDQQWH 'LH 0lQQHU ZDUHQ JUR ZLH DOOH $QJHK|ULJHQ GHU 6WUHLIH 6LH KDWWHQ EUHLWH *HVLFKWHU HLQJHIDOOHQH :DQJHQ ODQJHV JODWWHV VFKZDU]HV +DDU XQG KHOOEUDXQH +DXW )U GLH )ORULQLHU VDKHQ VLH DOOHJOHLFKDXV'DVWLHIH6FKZDU]LKUHU8QLIRUPHQXQGGLHZHLWKLQ OHXFKWHQGHQ VLOEHUQHQ /LW]HQ XQG .Q|SIH PDFKWHQ LKUH *HVLFKWHU EHGHXWXQJVORV XQG YHUVWlUNWHQ GHQ (LQGUXFN GHU *OHLFKDUWLJNHLW (LQ 3ROL]HLEHDPWHU VD DP 6WHXHU HLQ ]ZHLWHU VSUDQJ EHU GHQ QLHGHUHQ5DQGGHV:DJHQVKHUDXV

ª$XVZHLV© EHIDKO HU 0HFKDQLVFK HLQHQ IOFKWLJHQ %OLFN GDUDXI ZHUIHQG JDE HU GHQ $XVZHLV 7HUHQV ]XUFN ª:DV ZROOHQ 6LH KLHU"© ª,FK P|FKWH GLH %LEOLRWKHN DXIVXFKHQ ,FK ELQ EHUHFKWLJW GD]X© 'HU3ROL]LVWZDQGWHVLFKDQ5LNª8QG6LH"©ª,FK©EHJDQQ5LN ª(ULVWPHLQ$VVLVWHQW©ZDUI7HUHQVHLQ ª(U KDW NHLQH 2UWVYHUZDOWHU3ULYLOHJLHQ© VDJWH GHU 3ROL]LVW ª,FK EUJH IU LKQ© 'HU 3ROL]LVW ]XFNWH GLH $FKVHOQ ª'DV LVW ,KUH 6DFKH 2UWVYHUZDOWHU KDEHQ ]ZDU JHZLVVH 9RUUHFKWH DEHU VLH VLQG NHLQH *URKHUUHQ 'HQNHQ 6LH GDUDQ© ª:UGHQ 6LH PLU ELWWH GHQ :HJ]XU%LEOLRWKHN]HLJHQ"© 'HU 3ROL]HLEHDPWH GHXWHWH PLW GHP GQQHQ W|GOLFKHQ /DXI VHLQHU 1DGHOSLVWROHDXIHLQHQ]LQQREHUURWHQ)OHFNDQHLQHP*HElXGHGHU VLFK REHQ ]X HLQHP .DUPLQURW YHUGXQNHOWH $OV VLH QlKHU NDPHQ NURFKGDV.DUPLQURWQDFKXQWHQ ª,FKILQGHGDVKlOLFK©VDJWH5LNSO|W]OLFK7HUHQVZDUILKPHLQHQ NXU]HQ EHUUDVFKWHQ %OLFN ]X (U ZDU GLHV DOOHV YRQ 6DUN KHU JHZRKQW $EHU DXFK HU IDQG GDV *UHOOH GHU REHUHQ 6WDGW HWZDV ]X YXOJlU 'RFK VFKOLHOLFK ZDU GLH REHUH 6WDGW VDUNLWLVFKHU DOV 6DUN VHOEVW $XI 6DUN ZDUHQ QLFKW DOOH 0HQVFKHQ $ULVWRNUDWHQ (V JDE GRUW DUPH 6DUNLWHQ YLHOH OHEWHQ NDXP EHVVHU DOV GHU 'XUFKVFKQLWW GHU )ORULQLHU +LHU GDJHJHQ H[LVWLHUWH QXU GLH 6SLW]H GHU *HVHOOVFKDIW XQG GLH %LEOLRWKHN ZDU HLQ VLFKWEDUHV =HLFKHQ GDIU 'DV +DXV LQ GHP VLH VLFK EHIDQG ZDU JU|HU DOV GLH PHLVWHQ *HElXGH DXI 6DUN YLHO JU|HU DOV HV GLH %HGUIQLVVH GHU REHUHQ 6WDGWHUIRUGHUWHQ 7HUHQV EOLHE DXI GHU DQVWHLJHQGHQ 5DPSH VWHKHQ GLH ]XP +DXSWHLQJDQJ IKUWH'DV)DUEPXVWHUDXIGHU5DPSHWlXVFKWHHLQH 7UHSSHYRUZDV5LNLUULWLHUWHVRGDHUVWROSHUWH'DV0XVWHUVROOWH GHP *HElXGH HLQHQ DOWHUWPOLFKHQ $QVFKHLQ JHEHQ GHU WUDGLWLRQHOOHUZHLVHDOOHQDNDGHPLVFKHQ%DXZHUNHQDQKDIWHQPXWH 'LH9RUKDOOHZDUJURNDOWXQGIDVWOHHU'LH%LEOLRWKHNDULQKLQWHU GHP HLQ]LJHQ 7LVFK VDK ZLH HLQH NOHLQH HLQJHWURFNQHWH (UEVH LQ HLQHUDXIJHTXROOHQHQ6FKRWHDXV6LHEOLFNWHDXI ª,FK ELQ 2UWVYHUZDOWHU© VDJWH 7HUHQV UDVFK ª+DEH EHVRQGHUH 3ULYLOHJLHQ,FKEUJHIUGLHVHQ0DQQ©(UKLHOWVHLQH3DSLHUHKLQ 'LH %LEOLRWKHNDULQ ]RJ HLQH NOHLQH 0HWDOOSODWWH DXV HLQHP 6FKOLW] XQG ZDUI VLH 7HUHQV ]X 'HU 9HUZDOWHU GUFNWH VHLQHQ UHFKWHQ 'DXPHQ GDUDXI XQG JDE VLH GHU %LEOLRWKHNDULQ ]XUFN 'LHVH VWHFNWH GLH 3ODWWH LQ HLQHQ DQGHUHQ 6FKOLW] DXV GHP NXU] HLQ YLROHWWHV /LFKW DXIOHXFKWHWH ª=HOOH ]ZHLKXQGHUW]ZHLXQGYLHU]LJ ]ZHLWHU6WRFN©VDJWHVLH ª'DQNH© 'LH=HOOHQLP]ZHLWHQ6WRFNZDUHQVRXQSHUV|QOLFKZLHMHGHV*OLHG

HLQHU HQGORVHQ .HWWH (LQLJH ZDUHQ EHVHW]W LKUH 0LOFKJODVWUHQ XQGXUFKVLFKWLJ'LHPHLVWHQZDUHQIUHL ª=ZHL]ZHLXQGYLHU]LJ©VDJWH5LN6HLQH6WLPPHEHUVFKOXJVLFK ª:DVLVWGLU5LN"© ª,FKELQVRDXIJHUHJW© ª%LVWGXVFKRQHLQPDOLQHLQHU%LEOLRWKHNJHZHVHQ"© ª,FKZHLQLFKW© 7HUHQVGUFNWHGHQ'DXPHQDXIHLQHUXQGH$OXPLQLXPVFKHLEHGLH YRU IQI 0LQXWHQ IU VHLQHQ 'DXPHQDEGUXFN VHQVLELOLVLHUW ZRUGHQ ZDU 'LH GXUFKVLFKWLJH *ODVWU |IIQHWH VLFK $OV 7HUHQV XQG 5LN HLQJHWUHWHQ ZDUHQ VFKOR VLH VLFK JHUlXVFKORV XQG ZXUGH JOHLFK]HLWLJ XQGXUFKVLFKWLJ DOV ZlUH HLQ 9RUKDQJ ]XJH]RJHQ ZRUGHQ ª 'LH =HOOH PD ]ZHL 0HWHU LP 4XDGUDW XQG KDWWH ZHGHU )HQVWHU QRFK 6FKPXFN 6LH ZDU GXUFK HLQ GLIIXVHV *OLPPHQ GHU 'HFNH EHOHXFKWHW XQG ZXUGH PLWWHOV 'UXFNOXIW JHOIWHW 'LH 0|EOLHUXQJ EHVWDQG OHGLJOLFK DXV HLQHP 3XOW GDV VLFK YRQ :DQG ]X :DQG HUVWUHFNWHXQGHLQHUJHSROVWHUWHQOHKQHQORVHQ%DQN$XIGHP3XOW VWDQGHQGUHL/HVHJHUlWHPLW0DWWVFKHLEHQGLHVLFKLQHLQHP:LQNHO YRQ HWZD *UDG JHJHQ GLH :DQGQHLJWHQ9RUMHGHPGHU*HUlWH ZDUHQPHKUHUH:lKOVFKHLEHQDQJHEUDFKW ª:HLW GX ZDV GDV LVW"© 7HUHQV GHXWHWH DXI HLQHV GHU /HVHJHUlWH 5LN VHW]WH VLFK ª%FKHU"© IUDJWH HU EHJLHULJ ª-D© 7HUHQV VFKLHQ XQVLFKHU ª'D ZLU LQ HLQHU %LEOLRWKHN VLQG ODJ HV QDKH 'X NDQQVW HVJHUDWHQKDEHQ :HLWGXZLHPDQGLH*HUlWHEHGLHQW"© ª,FKJODXEHNDXP© ª%LVWGXVLFKHU"'HQNQDFK© 5LN YHUVXFKWH HV ª7XW PLU OHLG 2UWVYHUZDOWHU© ª6FKDX KHU =XQlFKVWLVWKLHUGLHVHU.QRSIPLWGHU$XIVFKULIW!.DWDORJ5XQG XP GHQ .QRSI LVW GDV $OSKDEHW HLQJHSUlJW 'D ZLU ]XHUVW GDV /H[LNRQKDEHQZROOHQGUHKHQZLUGHQ.QRSIDXI!/XQGGUFNHQ LKQKHUXQWHU© (U WDW HV 'LH 0DWWVFKHLEH OHXFKWHWH DXI XQG VFKZDU]H 'UXFNEXFKVWDEHQ DXI JHOEHP *UXQG ZXUGHQ VLFKWEDU *OHLFK]HLWLJ HUORVFK GLH 'HFNHQEHOHXFKWXQJ $Q GHQ 9RUGHUVHLWHQ GHU *HUlWH VFKREHQ VLFK GUHL ]XQJHQDUWLJH 3ODWWHQ KHUDXV DXI GLH MHZHLOV HLQ JHEQGHOWHU/LFKVWVWUDKOILHO 7HUHQVOHJWHHLQHQ+HEHOVFKDOWHUXPXQGGLH3ODWWHQ]RJHQVLFKLQ LKUH 6FKOLW]H ]XUFN ª:LU EUDXFKHQ NHLQH 1RWL]HQ ]X PDFKHQ© VDJWH HU ª1XQ N|QQHQ ZLU GDV JDQ]H !/ GXUFKJHKHQ LQGHP ZLU GLHVHQDQGHUHQ.QRSIKLHUGUHKHQ© (LQH ODQJH 5HLKH YRQ 7LWHOQ $XWRUHQ .DWDORJQXPPHUQ KXVFKWH EHU GLH 0DWWVFKHLEH 'DQQ EOLHE HLQH NRPSDNWH =HLOHQUHLKH VWHKHQ LQ GHU GLH ]DKOUHLFKHQ %lQGH GHV /H[LNRQV DXIJHIKUW

ZDUHQ 3O|W]OLFK VDJWH 5LN ª1XQ WLSSW PDQ PLW GLHVHQ NOHLQHQ .Q|SIHQ KLHU GLH .DWDORJQXPPHU GHV %XFKHV ZHOFKHV PDQ OHVHQ P|FKWH XQGGLHVHVHUVFKHLQWGDQQDXIGHU0DWWVFKHLEH©7HUHQVZDQGWHVLFK QDFKLKPXPª:RKHUZHLWGXGDV"(ULQQHUVWGXGLFKGDUDQ"© ª9LHOOHLFKW,FKELQQLFKWVLFKHU(VVFKHLQWDEHUGDVHLQ]LJ5LFKWLJH ]X VHLQ© ª6FK|Q 1HQQHQ ZLU HV LQWHOOLJHQW JHUDWHQ© 7HUHQV WLSSWH HLQH %XFKVWDEHQ=DKOHQ.RPELQDWLRQ $XI GHU 0DWWVFKHLEH HUVFKLHQ(Q]\NORSlGLHYRQ6DUN%DQG5DF5RO ª1XQ SD DXI 5LN© VDJWH 7HUHQV ª,FK P|FKWH GLU QLFKW LUJHQGZHOFKH,GHHQLQGHQ.RSIVHW]HQ'HVKDOEVDJHLFKGLUQLFKW ZDVLFKYHUPXWH,FKP|FKWHDEHUGDGXGLHVHQ%DQGGXUFKVLHKVW XQGEHLDOOHPZDVGLUEHNDQQWYRUNRPPWYHUKDUUVW9HUVWDQGHQ"© ª-D© ª*XW)DQJDQXQGODGLU=HLW© 'LH 0LQXWHQ YHUVWULFKHQ 3O|W]OLFK NHXFKWH 5LN XQG GUHKWH GLH :lKOVFKHLEH ]XUFN $OV HU LQQHKLHOW ODV 7HUHQV GLH hEHUVFKULIW ª(ULQQHUVWGXGLFKMHW]W":DUGDVQLFKWJHUDWHQ"© 5LN VFKWWHOWH QDFKGUFNOLFK GHQ .RSI ª(V LVW PLU HLQJHIDOOHQ *DQ]SO|W]OLFK© (VZDUHLQ$UWLNHOEHU5DXPDQDO\VH ª,FK ZHL ZDV GDULQ VWHKW© VDJWH 5LN ª6LH ZHUGHQ HV VHKHQ 6LH ZHUGHQ HV VHKHQ© (U DWPHWH VFKQHOO XQG 7HUHQV ZDU IDVW HEHQVR HUUHJW ZLH HU 5LN ODV ODXW XQG VWRFNHQG DEHUZHLWIOVVLJHUDOVHV GHQ IOFKWLJHQ /HNWLRQHQ LP /HVHQ ]XJHVFKULHEHQ ZHUGHQ NRQQWH GLHLKP9DORQDJHJHEHQKDWWH 'HU $UWLNHO ODXWHWH ª(V LVW QLFKW EHUUDVFKHQG GD GHU 5DXPDQDO\WLNHU LP DOOJHPHLQHQ HLQ LQWURYHUWLHUWHV XQG VFKOHFKW DQSDVVXQJVIlKLJHV :HVHQ EHVLW]W 'HQ JU|WHQ 7HLO VHLQHV /HEHQV GHU (UIRUVFKXQJ GHV OHHUHQ 5DXPV ]ZLVFKHQ GHQ +LPPHOVN|USHUQ ]X ZLGPHQ HUIRUGHUW PHKU DOV PDQ YRQ HLQHP Y|OOLJ QRUPDOHQ 0HQVFKHQ HUZDUWHQ NDQQ 9LHOOHLFKW JHVFKDK HV LQ GHU (UNHQQWQLV GLHVHV 8PVWDQGV ZHQQ GDV ,QWHUVWHOODUH 5DXPDQDO\WLVFKH %UR DOV RIIL]LHOOHQ :DKOVSUXFK GDV HWZDV LUUHIKUHQGH 0RWWR JHZlKOW KDW :LU DQDO\VLHUHQ GDV 1LFKWV© 5LN EUDFK PLW HLQHP 6FKUHL DEª9HUVWHKVW GX ZDV GX JHOHVHQ KDVW"© IUDJWH7HUHQV5LNEOLFNWH PLW IXQNHOQGHQ $XJHQ DXI ª!:LU DQDO\VLHUHQ GDV 1LFKWV *HQDX GDUDQKDEHLFKPLFKHULQQHUW,FKELQHLQHUYRQLKQHQJHZHVHQ© ª(LQ5DXPDQDO\WLNHU"© ª-D© ULHI 5LN XQG UXQ]HOWH GLH 6WLUQ ª,FK PX PLFK DQ PHKU HULQQHUQ (V EHVWHKW *HIDKU )XUFKWEDUH *HIDKU :DV VROO LFK QXU WXQ"© ª'LH %LEOLRWKHN VWHKW GLU ]XU 9HUIJXQJ 5LN %HQXW]H VHOEVW GHQ .DWDORJXQGVFKODJHHLQSDDU7H[WHEHU5DXPDQDO\VHQDFK6FKDX

ZLHZHLWGXGDPLWNRPPVW© 5LN EHXJWH VLFK EHU GDV /HVHJHUlW (U ]LWWHUWH 7HUHQV UFNWH EHLVHLWHXPLKP3ODW]]XPDFKHQ ª:LH ZDU V PLW :ULMWV !+DQGEXFK GHU UDXPDQDW\WLVFKHQ ,QVWUXPHQWH©IUDJWH5LNª.OLQJWGDVQLFKWULFKWLJ"© ª(VOLHJWDOOHVEHLGLU5LN© 5LNZlKOWHGLH.DWDORJQXPPHUXQGGLH0DWWVFKHLEHOHXFKWHWHKHOO DXIª%LWWHZHQGHQ6LHVLFKZHJHQGHVJHZQVFKWHQ%XFKHVDQ GLH %LEOLRWKHNDULQ©VWDQGDXIGHU6FKHLEH 7HUHQV GUFNWH UDVFK HLQHQ .QRSI XQG QHXWUDOLVLHUWH GDGXUFK GLH 0DWWVFKHLEH ª9HUVXFK OLHEHU HLQ DQGHUHV 5LN© ª$EHU © 5LN ]|JHUWH XQG JHKRUFKWH GDQQ :LHGHU VXFKWH HU LP .DWDORJ XQG ZlKOWH GDQQ (QQLQJV !%DX GHV :HOWDOOV $EHUPDOV HUVFKLHQ DXI GHU 0DWWVFKHLEH GLH %LWWH VLFK DQ GLH %LEOLRWKHNDULQ ]X ZHQGHQ ª9HUGDPPW©VDJWH7HUHQVXQGO|VFKWHGLH6FKULIW ª:DVLVWGHQQORV"©IUDJWH5LN ª1LFKWV QLFKWV 1XQ UHJ GLFK QLFKW DXI ,FK VHKH QXU QLFKW HLQ ZHVKDOEZLU© +LQWHUGHP*LWWHUDXIGHUHLQHQ6HLWHGHV/HVHJHUlWVZDUHLQNOHLQHU /DXWVSUHFKHU DQJHEUDFKW 'LH GQQH WURFNHQH 6WLPPH GHU %LEOLRWKHNDULQOLHVLHEHLGHHUVWDUUHQ ª=HOOH ]ZHLKXQGHUW]ZHLXQGYLHU]LJ ,VW MHPDQG LQ =HOOH ]ZHLKXQGHUW]ZHLXQGYLHU]LJ"© ª-D"© DQWZRUWHWH 7HUHQV KHLVHU ª:HOFKHV %XFK ZQVFKHQ 6LH"© VDJWHGLH6WLPPHª.HLQHVGDQNH:LUSURELHUHQQXUGDV/HVHJHUlW DXV© (VHQWVWDQGHLQH3DXVHDOVRELUJHQGHLQH%HUDWXQJVWDWWIlQGH'DQQ VDJWHGLH6WLPPHLQHLQHPQRFKVFKlUIHUHQ7RQª6LHKDEHQ:ULMWV !+DQGEXFK GHU UDXPDQDO\WLVFKHQ ,QVWUXPHQWH XQG (QQLQJV !%DX GHV:HOWDOOVYHUODQJW 6WLPPWGDV"© ª:LU GUFNHQ GLH .DWDORJQXPPHUQ DXIV *HUDWHZRKO© VDJWH 7HUHQV ª'DUI LFK IUDJHQ DXV ZHOFKHP *UXQG 6LH GLHVH %FKHU ZQVFKHQ"© 'LH 6WLPPH ZDU XQHUELWWOLFK ª,FK VDJH ,KQHQ ZLU ZROOHQ GLH %FKHU QLFKW 1XQ K|U HQGOLFK DXI© 'DV OHW]WHUH JDOW 5LN GHU ]X MDPPHUQ EHJRQQHQ KDWWH :LHGHU HLQH 3DXVH 'DQQ VDJWHGLH6WLPPHª:HQQ 6LH]XPLUKHUXQWHUNRPPHQN|QQHQ6LH LQ GLHVH %FKHU (LQEOLFN QHKPHQ 6LH PVVHQ GD]X OHGLJOLFK HLQ )RUPXODUDXVIOOHQ© 7HUHQVIDWH5LNDQGHU+DQGª*HKHQZLU©ª9LHOOHLFKWKDEHQZLU HLQ*HVHW]EHUWUHWHQ©VDJWH5LN

ª8QVLQQ5LN*HKHQZLU© ª6ROOHQ ZLU QLFKW GRFK OLHEHU GDV )RUPXODU DXVIOOHQ"© ª1HLQ ZLU VHKHQ XQV GLH %FKHU HLQ DQGHUHV 0DO DQ© 7HUHQV ]HUUWH 5LN DXV

GHU=HOOH $OV VLH GXUFK GLH 9RUKDOOH VFKOHQGHUWHQ EOLFNWH GLH %LEOLRWKHNDULQ DXI ª+DOOR© ULHI VLH XQG NDP XP GHQ 7LVFK ª(LQHQ 0RPHQW (LQHQ0RPHQW©6LHEOLHEHQQLFKWVWHKHQ (LQ 3ROL]HLEHDPWHU WUDW LKQHQ LQ GHQ :HJ ª,KU KDEW V YHUGDPPW HLOLJ/HXWH© 'LH %LEOLRWKHNDULQ NDP HWZDV DWHPORV DXI VLH ]X ª=HOOH ]ZHLKXQGHUW]ZHLXQGYLHU]LJ QLFKW ZDKU"© ª+|UHQ 6LH© VDJWH 7HUHQV EHVWLPPW ªZDUXP ZHUGHQ ZLU HLJHQWOLFK DXIJHKDOWHQ"© ª+DEHQ 6LH QLFKW QDFK JHZLVVHQ %FKHUQ JHIUDJW" :LU ZUGHQ VLH ,KQHQ JHUQH YRUOHJHQ© ª(V LVW MHW]W ]X VSlW (LQ DQGHUHV 0DO %HJUHLIHQ 6LH QLFKW GD LFK GLH %FKHU QLFKW KDEHQ P|FKWH" ,FK NRPPHPRUJHQZLHGHU© ª'LH %LEOLRWKHN© OHLHUWH GLH )UDX ªLVW VWHWV EHPKW LKUH.XQGHQ ]XIULHGHQ]XVWHOOHQ'LH%FKHUZHUGHQ,KQHQVRIRUW]XU9HUIJXQJ VWHKHQ© 6LH ZDQGWH VLFK XP XQG HLOWH GXUFK HLQH 7U GLH VLFK VFKRQ EHL LKUHU $QQlKHUXQJ |IIQHWH ª6LH JHVWDWWHQ © VDJWH 7HUHQV ]XP 3ROL]LVWHQ 'RFK GHU 3ROL]HLEHDPWH ]FNWH VHLQH 1HXUR3HLWVFKH 6LH NRQQWH DOV DXVJH]HLFKQHWHU *XPPLNQSSHO EHQXW]W ZHUGHQ $XI ZHLWHUH (QWIHUQXQJHQ GLHQWH VLH DOV :DIIH ZHOFKH GLH 1HUYHQ]HQWUHQ ODKPWH (U VDJWH ª1XQ -XQJV ZDUXP VHW]W LKU HXFK QLFKW UXKLJ KLQ XQG ZDUWHW ELV GLH 'DPH ]XUFNNRPPW" 'DVZlUHGRFKZHQLJVWHQVK|IOLFK© 'HU3ROL]HLEHDPWHZDUQLFKWPHKUMXQJDXFKQLFKWVFKODQN(UVDK DXV DOV VWQGH HU NXU] YRU GHU 3HQVLRQLHUXQJ XQG GLHQH GHQ 5HVW VHLQHU $PWV]HLW LQ UXKLJHU %HVFKDXOLFKNHLW DOV %LEOLRWKHNVZlFKWHU DE 'RFK HU ZDU EHZDIIQHW XQG GLH -RYLDOLWlW LQ VHLQHP GXQNOHQ *HVLFKWKDWWHHWZDV8QDXIULFKWLJHV 7HUHQV 6WLUQ ZDU QD XQG HU VSUWH ZLH 6FKZHL DQ VHLQHQ 6FKOlIHQKHUDEOLHI,UJHQGZLHKDWWHHUGLH6LWXDWLRQXQWHUVFKlW]W(U ZDU VHLQHU 6DFKH ]X VLFKHU JHZHVHQ .XU] VSLHOWH HU PLW GHP *HGDQNHQ GHQ 3ROL]LVWHQ DQ]XJUHLIHQ 'DQQ EUDXFKWH HU HV QLFKW PHKU]XWXQ 3O|W]OLFK ZXUGH GLH 1HXUR3HLWVFKH GHP *ULII GHV %HDPWHQ HQWZXQGHQ GLH ODQJVDPHUH 5HDNWLRQVIlKLJNHLW GXUFK VHLQ $OWHU EHKLQGHUWH LKQ XQG HKH HU PHKU WXQ NRQQWH DOV HLQHQ KHLVHUHQ 6FKUHL DXVVWRHQ VDXVWH GLH :DIIH DQ VHLQH 6FKOlIH (U EUDFK ]XVDPPHQ 5LN NUHLVFKWH YRU 9HUJQJHQ XQG 7HUHQV ULHI ª9DORQD %HL DOOHQ 7HXIHOQYRQ6DUN9DORQD©

'HU5HEHOO 7HUHQV IDWH VLFK VRIRUW ª+HUDXV KLHU VFKQHOO© VDJWH HU XQG JLQJ YRUDQ (LQHQ $XJHQEOLFN KDWWH HU HUZRJHQ GHQ EHZXWORVHQ 3ROL]HLEHDPWHQ KLQWHU GLH 6lXOHQ ]X ]LHKHQ GLH GLH 9RUKDOOH VlXPWHQ 'RFK GD]X ZDU NHLQH =HLW 6LH WUDWHQ DXI GLH 5DPSH KLQDXV'LH)DUEHQGHUREHUHQ6WDGWELOGHWHQQXQXQWHUGHUZDUPHQ 1DFKPLWWDJVVRQQHHLQ0RWLYLQ2UDQJH ª.RPPW VFKQHOO© GUlQJWH 9DORQD 7HUHQV KLHOW VLH DP (OOERJHQ IHVW (U OlFKHOWH DEHU VHLQH 6WLPPH NODQJ UDXK ª-D QLFKW ODXIHQ 9DORQD *HK JDQ] XQJH]ZXQJHQ KLQWHU PLU KHU *LE DXI 5LN DFKW 3DDXIGDHUQLFKWOlXIW© 6LH VFKLHQHQ LQ /HLP ]X ZDWHQ :XUGHQ GD 6WLPPHQ ODXW KLQWHU LKQHQ LQ GHU %LEOLRWKHN" :DU HV (LQELOGXQJ" 7HUHQV ZDJWH QLFKW ]XUFN]XVFKDXHQ ª'RUW KLQHLQ© VDJWH HU XQG GHXWHWH DXI HLQ 6LJQDO EHU HLQHU $XIIDKUW GDV LP 1DFKPLWWDJVOLFKW JOLPPWH (V KDUPRQLHUWH QLFKW ULFKWLJPLWGHU6RQQH)ORULQDV(VODXWHWH!$PEXODQ]6LHJLQJHQ GLH $XIIDKUW KLQDXI WUDWHQ GXUFK HLQH 6HLWHQWU HLQ XQG EHIDQGHQ VLFK ]ZLVFKHQ XQJODXEOLFK ZHLHQ :lQGHQ *HJHQ GLH DVHSWLVFKH *OlVHUQKHLW GHV .RUULGRUV ZDUHQ GLHVH GUHL 0HQVFKHQ ZLH )UHPGN|USHU (LQHXQLIRUPLHUWH)UDXPXVWHUWHVLHYRP(QGHGHV*DQJHVDXV6LH UXQ]HOWHGLH6WLUQNDPDXIVLH]X7HUHQVZDUWHWHDEHUQLFKWDXIVLH (UERJVFKDUIDEIROJWHHLQHP6HLWHQNRUULGRUGDQQHLQHPDQGHUHQ 6LH NDPHQ DQ ZHLWHUHQ XQLIRUPLHUWHQ :HVHQ YRUEHL XQG 7HUHQV NRQQWH VLFK LKUH 5DWORVLJNHLW YRUVWHOOHQ (V ZDU EHVWLPPWQRFKQLH GDJHZHVHQ GD (LQKHLPLVFKH XQEHZDFKW LQ GHQ REHUHQ 6WRFNZHUNHQ HLQHV .UDQNHQKDXVHV KHUXPVSD]LHUWHQ :DV ZDU ]X WXQ"1DWUOLFKZUGHQVLHVFKOLHOLFKDQJHKDOWHQZHUGHQ 'HVKDOE DWPHWH 7HUHQV DXI DOV HU GLH )DKUVWXKOWU PLW GHU $XIVFKULIW!=XGHQ(LQJHERUHQHQ6WRFNZHUNHQVDK(UULGLH7U DXI GUlQJWH5LNXQG9DORQDKLQHLQXQGGHUVDQIWH5XFNPLWGHP GHU $XI]XJ ]X IDOOHQ EHJDQQ ZDU GDV DQJHQHKPVWH *HIKO GHV 7DJHV (V JDEGUHL$UWHQYRQ*HElXGHQLQGHU6WDGWHLQPDOGLHQLHGHUHQ +lXVHU GHU XQWHUHQ 6WDGW $UEHLWHUZRKQKlXVHU )DEULNHQ %lFNHUHLHQ /DGHQJHVFKlIWH VLHKDWWHQK|FKVWHQVGUHL6WRFNZHUNH 'DQQGLH%DXZHUNHGHUREHUHQ6WDGW GLH+lXVHUGHU6DUNLWHQGDV 7KHDWHUGLH%LEOLRWKHN6SRUW$UHQHQXQGVFKOLHOLFKMHQHZLHGLH GHU 3ROL]HLVWDWLRQHQ XQG .UDQNHQKlXVHU GLH EHLGH 6WDGWWHLOH YHUEDQGHQ 6LH EHVDHQ REHQ XQGXQWHQ(LQJlQJH'HVKDOENRQQWH PDQ GXUFK HLQ .UDQNHQKDXV YRQ GHU REHUHQ 6WDGW LQ GLH XQWHUH

JHODQJHQ XQG DXI GLHVH :HLVH GLH JURHQ )UDFKWDXI]JH PLW LKUHQ EHUDXIPHUNVDPHQ )KUHUQ XPJHKHQ 'DV ZDU GHQ (LQKHLPLVFKHQ QDWUOLFK VWULNW YHUERWHQ 'RFK GLHVHV !9HUEUHFKHQ ZDU HLQ 3DSSHQVWLHO JHJHQEHU GHP HLQHQ 3ROL]HLEHDPWHQ DQ]XJUHLIHQ GHVVHQ VLHVLFKEHUHLWVVFKXOGLJJHPDFKWKDWWHQ $OV VLH GHQ )DKUVWXKO YHUOLHHQ ZDUHQ VLH LPPHU QRFK YRQ DVHSWLVFKHQ :lQGHQ XPJHEHQ 'RFK GLHVH VDKHQ QXQ VFKlELJHU DXV DOV ZUGHQ VLH VHOWHQHU JHVFKUXEEW XQG GLH JHSROVWHUWHQ %lQNH GLH REHQ GLH .RUULGRUH VlXPWHQ IHKOWHQ JDQ] +LHU K|UWH PDQ GDV HUUHJWH *HSODSSHU JHlQJVWLJWHU 0lQQHU XQG )UDXHQ DXV HLQHP EHUTXHOOHQGHQ :DUWH]LPPHU (LQH HLQ]LJH :lUWHULQ YHUVXFKWH 2UGQXQJ LQ GDV *HZLUU ]X EULQJHQ XQG PDFKWH GDEHL QXU NOlJOLFK )RUWVFKULWWH 6LH VFKQDX]WH HEHQ HLQHQ VWRSSHOElUWLJHQ *UHLVDQGHUVHLQ]HUNQLWWHUWHV+RVHQEHLQIDOWHWHXQGHQWIDOWHWHXQG DOOH )UDJHQ LQ HLQHP VFKXOGEHZXWHQ HLQI|UPLJHQ 7RQ EHDQWZRUWHWH ª:DV IHKOW ,KQHQ QXQ HLJHQWOLFK " :LH ODQJH KDEHQ 6LH VFKRQ GLHVH 6FKPHU]HQ " :DUHQ 6LH VFKRQ HLQPDO LQ HLQHP .UDQNHQKDXV " 6LH N|QQHQ XQV VFKOLHOLFK QLFKW PLW MHGHU .OHLQLJNHLWEHKHOOLJHQ© 'DQQ ULHI VLH VFKULOO ª'HU QlFKVWH© XQG EOLFNWH DXI GLH JURH :DQGXKU 7HUHQV9DORQDXQG5LN VFKREHQVLFKYRUVLFKWLJGXUFKGLH0HQJH 9DORQD KDWWH XQWHU LKUHQ /DQGVOHXWHQ GLH 6SUDFKH ZLHGHUJHIXQGHQ XQG IOVWHUWH DXIJHUHJW ª,FK PXWH HLQIDFK NRPPHQ 2UWVYHUZDOWHU ,FK KDEH PLU XP 5LN VROFKH 6RUJHQ JHPDFKW ,FK GDFKWH6LHEUlFKWHQLKQYLHOOHLFKWQLFKWZLHGHUXQG © ª:LHELVWGXLQGLHREHUH6WDGWJHNRPPHQ"©IUDJWH7HUHQVEHUGLH 6FKXOWHU ]XUFN ZlKUHQG HU XQDXIK|UOLFK (LQJHERUHQH PLW EHLGHQ +lQGHQ]XU6HLWHVFKDXIHOWH ª,FK ELQ ,KQHQ JHIROJW XQG KDEH6LHLP/DVWHQDXI]XJ KLQDXIIDKUHQ VHKHQ$OVHUZLHGHUKHUXQWHUNDPVDJWHLFKLFKJHK|UWH]X,KQHQ© ª8QGHUKDWGLFKRKQHZHLWHUHVKLQDXIJHIDKUHQ"© ª,FKKDEHLKQHLQELFKHQGXUFKJHVFKWWHOW© ª7HXIHOYRQ6DUN©VW|KQWH7HUHQV ª(VJLQJQLFKWDQGHUV©HUNOlUWHVLHXQJOFNOLFKª'DQQVDKLFKZLH GLH 6WUHLIHQEHDPWHQ HXFK HLQ *HElXGH ]HLJWHQ $OV VLH ZHJJHIDKUHQ ZDUHQ JLQJ LFK GRUW KLQ XQG YHUVWHFNWH PLFK ELV LFK HXFKKHUDXVNRPPHQVDKXQGGHU3ROL]LVWHXFKDQKLHOW© ª+H 6LH© ZXUGHQ GLH GUHL SO|W]OLFK DQJHUXIHQ DOV VLH ]XP $XVJDQJ NDPHQ (V ZDU GLH VFKDUIH XQJHGXOGLJH 6WLPPH GHU (PSIDQJVGDPH6LHVWDQGDXIXQGNORSIWHPLWLKUHP0HWDOOVWLIWKDUW DXIGLH]HPHQWHQH7LVFKSODWWH,QGHU0HQJHWUDWVRIRUW6WLOOHHLQ ª'LHVH /HXWH YHUVXFKHQ ]X JHKHQ .RPPW KHU ,KU N|QQW QLFKW

JHKHQ RKQH XQWHUVXFKW ZRUGHQ ]X VHLQ *ODXEW LKU PDQ NDQQ VLFK PLW IDOVFKHQ .UDQNPHOGXQJHQ YRQ GHU $UEHLW GUFNHQ" .RPPW KLHUKHU© $EHU GLH GUHL ZDUHQ VFKRQ GUDXHQ LP +DOEVFKDWWHQ GHU XQWHUHQ6WDGW+LHUXPJDEHQVLHZLHGHUGLH*HUFKHXQG*HUlXVFKH GHV !(LQJHERUHQHQYLHUWHOV ZLH GLH 6DUNLWHQ HV QDQQWHQ XQG GLH REHUH 6WDGW ZDU QXU QRFK HLQ 'DFK EHU LKQHQ 9DORQD XQG 5LN ZDUHQ HUOHLFKWHUW QDFKGHP VLH GHQ HUGUFNHQGHQ 5HLFKWXP GHU VDUNLWLVFKHQ 6WDGW KLQWHU RGHU YLHOPHKU EHU VLFK KDWWHQ 7HUHQV GDJHJHQ YHUOLH GLH $QJVW QLFKW 6LH ZDUHQ ]X ZHLW JHJDQJHQ XQG ZDUHQNQIWLJQLUJHQGVPHKUVLFKHU 'LHVHU *HGDQNH EHVFKlIWLJWH LKQ QRFK DOV 5LN ULHI ª'D 6FKDXW© 7HUHQVVFKQUWHHVGLH.HKOH]X (V ZDU YLHOOHLFKW GHU HUVFKUHFNHQGVWH $QEOLFN GHQ HV IU GLH (LQJHERUHQHQ GHU XQWHUHQ 6WDGW JHEHQ NRQQWH (LQ JLJDQWLVFKHU 9RJHOVFKZHEWHGXUFKHLQHGHUgIIQXQJHQGHU=HPHQWGHFNHKHUDE (U YHUGHFNWH GLH 6RQQH XQG YHUWLHIWH GHQ 6FKDWWHQ ]ZLVFKHQ GHQ 6lXOHQ $EHU HV ZDU NHLQ 9RJHO HV ZDU HLQHU GHU EHZDIIQHWHQ %RGHQZDJHQGHU6WUHLIH 'LH (LQJHERUHQHQ VFKULHQ XQGEHJDQQHQ]XODXIHQ$XFKZHQQVLH NHLQHQ *UXQG ]XU )XUFKW KDWWHQ VWREHQ VLH DXVHLQDQGHU 1XU HLQ 0DQQGHULP:HJGHVKHUDEVDXVHQGHQ:DJHQVVWDQGWUDW]|JHUQG ]XU6HLWH(UEOLFNWHVLFKXPHLQ)HOVGHU5XKHLQGHUDOOJHPHLQHQ 9HUZLUUXQJ(UZDUPLWWHOJUREHVDDEHUJURWHVNEUHLWH6FKXOWHUQ 7HUHQV ]|JHUWH 6HLQH LQQHUH 8QUXKH KDWWH VLFK ]X HLQHP )LHEHU JHVWHLJHUW:DVJHVFKDKZHQQVLHUDQQWHQ":DVJHVFKDKZHQQVLH VWHKHQEOLHEHQ" (V ZDU P|JOLFK GD GLH 6WUHLIH MHPDQG DQGHUHQ YHUIROJWH$EHUZHQQHLQ3ROL]LVWEHZXWORVDXIGHP)XERGHQGHU %LEOLRWKHNODJZDUGLHVH0|JOLFKNHLWVHKUJHULQJ 'HU EUHLWVFKXOWULJH 0DQQ NDP DXI VLH ]X $OV HU DQ LKQHQ YRUEHUJLQJ VDJWH HU EHLOlXILJ ª.KRURYV %lFNHUHL LVW GDV ]ZHLWH +DXVOLQNVQDFKGHU:lVFKHUHL©(UZDQGWHVLFKDE ª/RV©VDJWH7HUHQV (UVFKZLW]WH'LHJHEHOOWHQ%HIHKOHGHU6WUHLIHQEHDPWHQEHUW|QWHQ GHQ $XIUXKU 7HUHQV ZDUI HLQHQ %OLFN ]XUFN (LQ KDOEHV 'XW]HQG 3ROL]LVWHQ VSUDQJ JHUDGH DXV GHP %RGHQZDJHQ XQG YHUWHLOWH VLFK QDFKDOOHQ5LFKWXQJHQ6LHZUGHQLKQVRIRUWEHPHUNHQGDVZXWH HU,QVHLQHUYHUGDPPWHQ2UWVYHUZDOWHU8QLIRUPZDUHUVRDXIIlOOLJ ZLHHLQHGHU6lXOHQGLHGLHREHUH6WDGWWUXJHQ =ZHL GHU 3ROL]LVWHQ UDQQWHQ LQ VHLQH 5LFKWXQJ (U ZXWH QLFKW RE VLH LKQ JHVHKHQ KDWWHQ GRFK GDV ZDU HLQH ]ZHLWUDQJLJH )UDJH %HLGH VWLHHQ PLW GHP EUHLWVFKXOWULJHQ 0DQQ ]XVDPPHQ GHU HEHQ PLW 7HUHQV JHVSURFKHQ KDWWH 7HUHQV K|UWH VHLQ KHLVHUHV 6W|KQHQ XQGGLH)OFKHGHU3ROL]HLEHDPWHQ(UWULHE9DORQDXQG5LNXPGLH (FNH

.KRURYV%lFNHUHLZDUQLFKW]XYHUIHKOHQ(LQKHUUOLFKHU'XIWGUDQJ DXVGHU/DGHQWU6LHKDVWHWHQKLQHLQ (LQ DOWHU 0DQQ WUDW DXV GHP KLQWHUHQ 5DXP LQ GHP PHKOEHGHFNWH (OHNWURQHQ|IHQVFKLPPHUWHQ ª(LQ GLFNHU 0DQQ © EHJDQQ 7HUHQV XQG EUHLWHWH GLH $UPH DXV XP VHLQH :RUWH ]X LOOXVWULHUHQ DOV VLFK GUDXHQ GHU 5XIª3ROL]HL 3ROL]HL©HUKRE ª'DKLQHLQ6FKQHOO©VDJWHGHU$OWH 7HUHQV ZLFK ]XUFN ª,Q GHQ 2IHQ"© ª'DV LVW QXU HLQH $WWUDSSH© =XHUVWNOHWWHUWH5LNGDQQ9DORQDXQGVFKOLHOLFK7HUHQVGXUFKGLH 2IHQWU 0LW HLQHP OHLVHQ .OLFNHQ KRE VLFK GLH 5FNZDQG GHV 2IHQV XQG KLQJ GDQQ IUHL DQ 6FKDUQLHUHQ 6LH JHODQJWHQ LQ HLQHQ NOHLQHQVFKZDFKEHOHXFKWHWHQ5DXP 6LH ZDUWHWHQ 'LH %HOIWXQJ ZDU VFKOHFKW XQG GHU *HUXFK GHU %DFNZDUHQPDFKWHVLHQRFKKXQJULJHUDOVVLHVFKRQZDUHQ9DORQD OlFKHOWHXQDXIK|UOLFK5LNDQXQGWlWVFKHOWHLKPYRQ=HLW]X=HLWGLH +DQG5LNEOLFNWHVLHOHHUDQ ª2UWVYHUZDOWHU©EHJDQQ9DORQDª1LFKWMHW]W/RQD©]LVFKWHHU (U IXKU VLFK PLW GHP +DQGUFNHQ EHU GLH 6WLUQ XQG EHWUDFKWHWH GDQQVHLQHIHXFKWHQ)LQJHU :LHGHUZDUHLQ.OLFNHQ]XK|UHQ7HUHQVVFKDXWHDXI2KQHHVVLFK JDQ]EHZXW]XVHLQEDOOWHHUGLH)lXVWH(VZDUGHUEUHLWH0DQQ GHUQXQ VHLQHPDVVLJHQ6FKXOWHUQGXUFKGLHHQJHgIIQXQJ ]ZlQJWH XQG7HUHQVDPVLHUWDQEOLFNWH ª0DFKHQ 6LH NHLQH :LW]H 0DQQ ZLU ZHUGHQ QLFKW PLWHLQDQGHU UDXIHQ© 7HUHQVEOLFNWHVHLQH)lXVWHDQXQGOLHVLHVLQNHQ'HUEUHLWH0DQQ ZDU QXQ LQ HLQHU PHUNOLFK VFKOHFKWHUHQ 9HUIDVVXQJ DOV EHL LKUHU HUVWHQ %HJHJQXQJ 6HLQ +HPG ZDU ]HUULVVHQ XQG HLQH IULVFKH 6WULHPH ]RJ VLFK URW XQG DXIJHGXQVHQ TXHU EHU VHLQH OLQNH :DQJH 6HLQH /LGHU ZDUHQ JHVFKZROOHQ XQG YHUGHFNWHQ IDVW GLH $XJHQ ª6LH KDEHQ HV DXIJHJHEHQ© VDJWH HU ª:HQQ LKU KXQJULJ VHLG GLH .RVWLVWKLHUQLFKWIU)HLQVFKPHFNHUDEHUHVLVWJHQXJYRUKDQGHQ :DVVDJWLKUQXQ"© (VZDU1DFKW,QGHUREHUHQ 6WDGWJDEHV/LFKWHUGLHGHQ+LPPHO DXI 0HLOHQ KLQ HUKHOOWHQ $EHU LQ GHU XQWHUHQ 6WDGW ZDU GLH )LQVWHUQLV QDFK GHU 6SHUUVWXQGH IXUFKWHUUHJHQG 'LH )HQVWHU GHU %lFNHUHL ZDUHQ GLFKW YHUKlQJW GDPLW GDV YHUERWHQH /LFKW QLFKW QDFKGUDXHQGUDQJ 5LNIKOWHVLFKZRKOHUQDFKGHPHUHWZDV:DUPHVJHJHVVHQ KDWWH6HLQH.RSIVFKPHU]HQOLHHQQDFK(UEOLFNWHDXIGLH:DQJH GHVEUHLWHQ0DQQHV 6FKFKWHUQIUDJWHHUª+DWPDQ6LHYHUOHW]W"©

ª(LQ ZHQLJ© VDJWH GHU 0DQQ ª$EHU GDV PDFKW QLFKWV ,Q PHLQHP *HVFKlIW SDVVLHUW GDV MHGHQ 7DJ© (U ODFKWH XQG HQWEO|WH GDEHL JURH =lKQH ª'LH 3ROL]HL PXWH ]XJHEHQ GD LFK QLFKWV YHUEURFKHQKDWWH$EHULFKVWDQGLKQHQLP:HJ8QGGLHOHLFKWHVWH $UW HLQHQ (LQJHERUHQHQ DXV GHP :HJ ]X VFKDIIHQ © (U KRE GLH +DQGDOVKLHOWHHUHLQH3HLWVFKHXQGOLHVLHQLHGHUVDXVHQ 5LN ]XFNWH ]XVDPPHQ XQG 9DORQD KLHOW lQJVWOLFK GHQ $UP YRUV *HVLFKW 'HU 0DQQ VDXJWH DQ VHLQHQ =lKQHQ QDFK 6SHLVHUHVWHQ ª,FK ELQ 0DWW.KRURY$EHUPDQQHQQWPLFKHLQIDFKGHQ%lFNHU8QGZHU VHLG LKU"© 7HUHQV ]XFNWH GLH $FKVHOQ -D LFK YHUVWHKH© VDJWH GHU %lFNHU ª!:DV LFK QLFKW ZHL PDFKW PLU QLFKW KHL 9LHOOHLFKW YLHOOHLFKW$EHU6LHN|QQHQPLUYHUWUDXHQ,FKKDEH6LHVFKOLHOLFK YRUGHQ3ROL]LVWHQJHUHWWHWRGHUQLFKW"© ª-D GDQNH© 7HUHQV NRQQWH NHLQH +|IOLFKNHLW LQ VHLQH 6WLPPH OHJHQª:RKHUZXWHQ6LHHLJHQWOLFKGDPDQKLQWHUXQVKHUZDU"© 'HUDQGHUHOlFKHOWHª(XUH*HVLFKWHUKlWWHPDQDOV.UHLGHEHQXW]HQ N|QQHQ© 7HUHQV YHUVXFKWH HEHQIDOOV ]X OlFKHOQ (V PLODQJ ª,FK ELQ PLU QLFKWJDQ]LPNODUHQGDUEHUZHVKDOE6LH,KU/HEHQULVNLHUWKDEHQ 7URW]GHPYLHOHQ'DQN0HKUWXQDOV!YLHOHQ'DQNVDJHQNDQQLFK LP $XJHQEOLFN QLFKW© ª,VW DXFK QLFKW Q|WLJ© 'HU %lFNHU OHKQWH VLFKDQGLH:DQGª,FKPDFKHGDVVRRIWLFKNDQQ:HQQGLH6WUHLIH KLQWHU LUJHQG MHPDQGHP KHU LVW WXH LFK PHLQ P|JOLFKVWHV IU GHQ %HWUHIIHQGHQ,FKKDVVHGLH3ROL]HL© 9DORQDNHXFKWHª8QG6LHNRPPHQGDEHLQLHLQ6FKZLHULJNHLWHQ"© ª'RFK ,KU VHKW HV MD© (U EHWXSIWH YRUVLFKWLJ VHLQH YHUOHW]WH :DQJH ª$EHU KRIIHQWOLFK JODXEW LKU QLFKW GD PLFK GDV GDYRQ DEKlOW 'HVKDOE KDEH LFK DXFK GHQ $WWUDSSHQRIHQ JHEDXW 6R NDQQ HVPLUGLH3ROL]HLQLFKWDOO]XVFKZHUPDFKHQ© 9DORQDV $XJHQ ZDUHQ ZHLW JH|IIQHW YRU )XUFKW XQG )DV]LQDWLRQ ª:LVVHQ 6LH ZLH YLHOH *URKHUUHQ DXI )ORULQD VLQG"© VDJWH GHU %lFNHU ª=HKQWDXVHQG :LVVHQ 6LH ZLH YLHOH 3ROL]LVWHQ" 9LHOOHLFKW]ZDQ]LJWDXVHQG8QGZLU(LQJHERUHQHQVLQGIQIKXQGHUW 0LOOLRQHQ :HQQZLUXQVDOOHJHJHQVLHDXIOHKQHQZUGHQ©(U VFKQLSSWH PLW GHQ )LQJHUQ ª:LU ZUGHQ XQV JHJHQ 1DGHOSLVWROHQ XQG $WRPJHVFKW]H DXIOHKQHQ %lFNHU© VDJWH 7HUHQV ª:LU PVVHQ HEHQ VHOEVW :DIIHQ EHNRPPHQ© HUZLGHUWH GHU %lFNHU ª6LH2UWVYHUZDOWHUKDEHQ]XODQJHEHLGHQ*URKHUUHQJHOHEW6LH VLQGYRQLKQHQHLQJHVFKFKWHUWZRUGHQ© 9DORQDV :HOW NHKUWH VLFK DQ GLHVHP 7DJH YRQ XQWHQ QDFK REHQ 'LHVHU 0DQQ JLQJ JHJHQ GLH 3ROL]HLVWUHLIH YRU XQG VSUDFK VHOEVWEHZXWPLWGHP2UWVYHUZDOWHU$OV5LNVLHDPbUPHO]XSIWH ULHW VLH LKP ]X VFKODIHQ 6LH EOLFNWH LKQ GDEHL NDXP DQ 6LH ZROOWH

K|UHQZDVGLHVHU0DQQVSUDFK ª7URW] 1DGHOSLVWROHQ XQG $WRPJHVFKW]HQ N|QQHQ GLH *URKHUUHQ )ORULQD HLQ]LJ XQG DOOHLQ PLW +LOIH GHU KXQGHUWWDXVHQG 2UWVYHUZDOWHU EHVHW]W KDOWHQ© VDJWH GHU %lFNHU 7HUHQV EOLFNWH HPS|UW DXI GRFK GHU %lFNHUIXKUIRUWª1HKPHQ6LH]XP%HLVSLHO VLFK VHOEVW VHKU KEVFKH *DUGHUREH VDXEHU JHVFKPDFNYROO 6LH KDEHQHLQQHWWHVNOHLQHV+DXV LFKZHWWHPLW%XFKILOPHQHLQHQ HLJHQHQ 5ROOHU XQG NHLQH 6SHUUVWXQGH 6LH N|QQHQ VRJDU LQ GLH REHUH6WDGWJHKHQ*ODXEHQ6LHGLH*URKHUUHQWXQGDVXPVRQVW"© 7HUHQV ZDU QLFKW LQ GHU 9HUIDVVXQJ ZWHQG ]X ZHUGHQ ª6FK|Q© VDJWH HU ª:DV VROOHQ GLH 2UWVYHUZDOWHU ,KUHU 0HLQXQJ QDFK WXQ" 6LFKJHJHQGLH3ROL]HLVWHOOHQ":DVZUGHGDVQW]HQ",FKJHEH]X GD LFK LQ PHLQHP %H]LUN 2UGQXQJ KDOWH XQG GDV 6ROO HUIOOHQ ODVVH DEHU LFK YHUVXFKH DXFK PHLQHQ /HXWHQ ]X KHOIHQ VRZHLW HV GDV *HVHW] QXU LUJHQGZLH ]XOlW ,VW GDV QLFKWV" (LQHV 7DJHV © ª$FKHLQHV7DJHV:HUNDQQDXI!HLQHV7DJHVZDUWHQ:HQQZLU EHLGH WRW VLQG ZDV VSLHOW HV GDQQ IU HLQH 5ROOH ZHU )ORULQD UHJLHUW",FKPHLQH:DVPDFKWHVXQVEHLGHQSHUV|QOLFKDXV"© ª,FKKDVVHGLH*URKHUUHQYLHOOHLFKWQRFKPHKUDOV6LH7URW]GHP ©7HUHQVKLHOWLQQHXQGHUU|WHWH 'HU%lFNHUODFKWHª:HLWHUVR6DJHQ6LH VQRFKHLQPDO,FK]HLJH 6LH QLFKW DQ ZHLO 6LH GLH *URKHUUHQ KDVVHQ YHUODVVHQ 6LH VLFK GUDXI :DV KDEHQ 6LH YHUEURFKHQ GD GLH 6WUHLIH KLQWHU ,KQHQ KHU ZDU"© 7HUHQVVFKZLHJ ª,FKZLOO HVHUUDWHQ©VDJWHGHU%lFNHUª$OVLFKPLWGHQ3ROL]LVWHQ ]XVDPPHQSUDOOWH ZDUHQ VLH JDQ] KEVFK JURE 3HUV|QOLFK DXIJHEUDFKW PHLQH LFK XQG QLFKW QXU ZHLO LUJHQGHLQ *URKHUU LKQHQ EHIRKOHQ KDW JURE ]X VHLQ ,FK NHQQH VLH 'DKHU QHKPH LFK DQ 6LH KDEHQ HLQHQ 3ROL]LVWHQ QLHGHUJHVFKODJHQ RGHU YLHOOHLFKW XPJHEUDFKW© 7HUHQVVFKZLHJQRFKLPPHU 'HU %lFNHU EHKLHOW VHLQHQ UXKLJHQ 7RQIDOO EHL ª(V LVW JDQ] LQ 2UGQXQJ ZHQQ 6LH VFKZHLJHQ DEHU HV JLEW VR HWZDV ZLH 6XSHUYRUVLFKW 2UWVYHUZDOWHU 6LH ZHUGHQ +LOIH EUDXFKHQ 'LH 3ROL]HLZHLJHQDXPLWZHPVLHHV]XWXQKDW© ª1HLQVLHZHLHVQLFKW©VDJWH7HUHQVKDVWLJ ª'LH 3ROL]LVWHQ PVVHQ ,KUH $XVZHLVNDUWH JHVHKHQ KDEHQ LQ GHU REHUHQ6WDGW© ª:HUVDJWGDLFKLQGHUREHUHQ6WDGWZDU"© ª1XU VR HLQH 9HUPXWXQJ $EHU LFK ZHWWH 6LH ZDUHQ REHQ© ª6LH KDEHQPHLQH.DUWHDQJHVFKDXWDEHUQLFKWODQJHJHQXJXPPHLQHQ 1DPHQZDKU]XQHKPHQ© ª/DQJH JHQXJ XP ]X ZLVVHQ GD 6LH HLQ 2UWVYHUZDOWHU VLQG 6LH

EUDXFKHQ QLFKWV ZHLWHU ]X WXQ DOV KHUDXV]XILQGHQ ZHOFKHU 2UWVYHUZDOWHU MHW]W QLFKW LQVHLQHP%H]LUNLVWXQGIUGHQKHXWLJHQ 7DJNHLQ$OLELEHLEULQJHQNDQQ:DKUVFKHLQOLFKVXPPHQLQGLHVHP $XJHQEOLFN EHUHLWV DOOH )XQNDQODJHQ DXI )ORULQD ,FK IUFKWH 6LH ZHUGHQ6FKHUHUHLHQKDEHQ© ª9LHOOHLFKW© ª'D JLEW HV NHLQ 9LHOOHLFKW :ROOHQ 6LH +LOIH"© 6LH VSUDFKHQ IOVWHUQG5LNKDWWHVLFKLQHLQHU(FNH]XVDPPHQJHUROOWXQGVFKOLHI 9DORQDV%OLFNZDQGHUWHYRQ6SUHFKHU ]X6SUHFKHU 7HUHQV VFKWWHOWH GHQ .RSI ª1HLQ GDQNH ,FK ZHUGH VFKRQ DXV GHP6FKODPDVVHOKHUDXVNRPPHQ© 'HU %lFNHU ODFKWH ª(V ZLUG LQWHUHVVDQW VHLQ ]X VHKHQ ZLH 'HQNHQ 6LH LQ DOOHU 5XKH QDFK 6LH KDEHQ GLH JDQ]H 1DFKW =HLW 9LHOOHLFKW NRPPHQ 6LH GDQQ GRFK ]X GHP 6FKOX GD 6LH +LOIH EUDXFKHQ© 9DORQDV 1DFKWODJHU EHVWDQG DXV HLQHU DXI GHQ %RGHQ JHZRUIHQHQ 'HFNH GRFK GDV ZDU IDVW HEHQVRJXW ZLH GDV %HWW DQ GDV VLH JHZ|KQWZDU5LNVFKOLHIWLHILQGHUJHJHQEHUOLHJHQGHQ(FNH 7HUHQVKDWWHHLQH'HFNHDEJHOHKQWXQGGHU%lFNHUKDWWHJHODFKWHU ODFKWHRIIHQEDUEHUDOOHV XQGJHVDJWHVVWQGHLKPQDWUOLFKIUHL GLH1DFKWVLW]HQG]XYHUEULQJHQ'DQQKDWWHHUGDV/LFKWJHO|VFKW 9DORQD VWDUUWH LQV 'XQNHO 9RQ 6FKODI NRQQWH NHLQH 5HGH VHLQ :UGH VLH MH ZLHGHU VFKODIHQ N|QQHQ" 6LH KDWWH HLQHQ 3ROL]HLEHDPWHQ QLHGHUJHVFKODJHQ 6HOWVDPHUZHLVH PXWH VLH DQ LKUH(OWHUQ GHQNHQ 6LH KDWWH VLH LQ GHQ -DKUHQ VHLW LKUHU .LQGKHLW DEVLFKWOLFK DXVLKUHP*HGlFKWQLVYHUEDQQW1XQ HULQQHUWHVLHVLFKSO|W]OLFKDQ JHIOVWHUWH 8QWHUKDOWXQJHQ ZlKUHQG GHU 1DFKW ZHQQ GLH (OWHUQ JODXEWHQ VLH VFKOLHIH 6LH HULQQHUWH VLFK DQ /HXWH GLH LP 'XQNHOQ NDPHQXQGJLQJHQ (LQHV1DFKWVKDWWHQGLH6WUHLIHQEHDPWHQVLHJHZHFNWXQG)UDJHQDQ VLH JHVWHOOW GLH VLH QLFKW YHUVWDQG 'DQDFK KDWWH VLHLKUH(OWHUQQLH PHKUJHVHKHQ(VKLHVLHVHLHQZHJJHJDQJHQ$P7DJGDUDXIZDU 9DORQD LQ GLH )DEULN ]XU $UEHLW JHEUDFKW ZRUGHQ ZlKUHQG GLH JOHLFKDOWULJHQ .LQGHU QRFK ]ZHL -DKUH VSLHOHQ GXUIWHQ 'LH /HXWH VFKDXWHQ LKU QDFK ZHQQ VLH YRUEHUJLQJ XQG GLH DQGHUHQ .LQGHU GXUIWHQ DXFK QDFK GHU $UEHLWV]HLW QLFKW PLW LKU VSLHOHQ 6LH OHUQWH HV VLFK DXI VLFK VHOEVW ]X YHUODVVHQ 6LH OHUQWH HV ]X VFKZHLJHQ :DUXPHULQQHUWHVLHGDV*HVSUlFKKHXWH$EHQGDQLKUH(OWHUQ" ª9DORQD© 7HUHQV ZDU VR QDKH GD VHLQ $WHP LKU +DDU VWUHLIWH XQG VHLQH 6WLPPH VR OHLVH GD VLH VLH NDXP K|UWH ª6SULFK QLFKW 9DORQD© VDJWHHUª+|UQXU]XZDVLFKVDJH,FK JHKH MHW]W 'LH 7U LVW QLFKW DEJHVFKORVVHQ ,FK NRPPH ZLHGHU

+|UVWGXPLFK"© 6LH WDVWHWH LP 'XQNHOQ QDFK VHLQHU +DQG XP LKP ]X ]HLJHQ GD VLHLKQYHUVWDQGHQKDWWH ª8QGJLEDXI5LNDFKW/DLKQQLFKWDXVGHQ$XJHQ/RQD8QG © (U PDFKWH HLQH ODQJH 3DXVH 'DQQ IXKU HU IRUW ª7UDXH GLHVHP %lFNHUQLFKW,FKNHQQHLKQQLFKW9HUVWHKVWGXPLFK"© (V ZDU HLQ VFKZDFKHV *HUlXVFK ]X K|UHQ GDQQ HLQ QRFK VFKZlFKHUHV IHUQHV .QDUUHQ 'DQQ ZDU HU IRUW 6LH NQLII GLH $XJHQOLGHU]XVDPPHQXQGYHUVXFKWH]XGHQNHQ :DUXPKDWWHGHU2UWVYHUZDOWHUGHUGRFKDOOHVZXWHGLHVEHUGHQ %lFNHUJHVDJWGHUGLH3ROL]HLKDWHXQGVLHJHUHWWHWKDWWH":DUXP" 6LH NRQQWH VLFK V QXU VRHUNOlUHQ'HU%lFNHUZDU]XUUHFKWHQ=HLW GDJHZHVHQ $OV GLH 'LQJH DP VFKZlU]HVWHQ DXVVDKHQ ZDU HU JHNRPPHQ XQG KDWWH JHKDQGHOW (V VFKLHQ IDVW DOV ZlUH DOOHV YHUDEUHGHW JHZHVHQ RGHU DOV KlWWH GHU %lFNHU QXUGDUDXI JHZDUWHW GDHVJHVFKDK1XQNDPHVDXFKLKUVHOWVDPYRU

'LH6WLOOHZXUGHGXUFKHLQHODXWHXQEHNPPHUWH6WLPPHJHVW|UW ª+DOOR,PPHUQRFKGD"© 9DORQD]RJVLFKYHUlQJVWLJWGLH'HFNHELV]XP1DFNHQDOVVLHGHU /LFKWNHJHOHLQHU7DVFKHQODPSHXPVFKOR'HU/LFKWNHJHOZDQGHUWH ZHLWHU 'LH XQWHUVHW]WH *HVWDOW GHV %lFNHUV ]HLFKQHWH VLFK LP +DOEGXQNHO DE ª,FKGDFKWHLKUZlUHWPLWLKPJHJDQJHQ©VDJWHHU ª0LWZHP+HUU"©IUDJWH9DORQDOHLVH ª0LW GHP 9HUZDOWHU 'X ZHLW JHQDX GD HU JHJDQJHQ LVW 0lGFKHQ*LEGLUNHLQH0KHPLUHWZDVYRU]XPDFKHQ© ª(UNRPPWZLHGHU+HUU© ª:HQQHUGDVJHVDJWKDWKDWHUVLFKJHLUUW'LH6WUHLIHZLUGLKQLP 1X HUZLVFKHQ (U LVW NHLQ VHKU JHVFKLFNWHU 0DQQ GHU 2UWVYHUZDOWHU VRQVW KlWWH HU JHPHUNW RE HLQH 7U DEVLFKWOLFK RIIHQJHODVVHQZXUGHRGHUQLFKW:LOOVWGXDXFKJHKHQ"© ª,FK ZDUWH DXI GHQ 2UWVYHUZDOWHU© VDJWH 9DORQDª'DQQ PDFK GLU V EHTXHP 'X ZLUVW ODQJH ZDUWHQ PVVHQ $EHU GX NDQQVW JHKHQ ZHQQGXZLOOVW© 'HU /LFKWVFKHLQ ILHO DXI 5LNV EODVVHV PDJHUHV *HVLFKW 6HLQH $XJHQOLGHU]XFNWHQDEHUHUVFKOLHIZHLWHU'LH6WLPPHGHV%lFNHUV ZXUGH QDFKGHQNOLFK ª$EHU QXU ZHQQ GX GHQ GD KLQWHUOlW :HQQ GXJHKHQZLOOVW GLH7ULVWRIIHQ)ULKQLVWVLHQLFKWRIIHQ© ª(U LVW QXU HLQ DUPHU NUDQNHU -XQJH© EHJDQQ 9DORQD PLW HLQHU KRKHQJHlQJVWLJWHQ6WLPPH ª-D"'DVWULIIWVLFKJXW,FKVDPPOHDUPHNUDQNH-XQJHQ8QGGHU GDEOHLEWKLHU© 'HU/LFKWNHJHOYHUKDUUWHDXI5LNV*HVLFKW

'HU:LVVHQVFKDIWOHU 'U 6HOLP -XQ] ZDU QXQ VHLW HLQHP -DKU XQJHGXOGLJ $EHU GLH 8QJHGXOG LVW HLQ *HIKO DQ GDV PDQ VLFK QLFKW JHZ|KQW LP *HJHQWHLO 'HQQRFK KDWWH GLHVHV -DKU LKQ JHOHKUW GD GHU VDUNLWLVFKH 9HUZDOWXQJVDSSDUDWQLFKWDQJHWULHEHQZHUGHQNRQQWHXQGGLHVXP VR ZHQLJHU DOV GLH 6WDDWVDQJHVWHOOWHQ VHOEVW JU|WHQWHLOV EHUJHVLHGHOWH )ORULQLHU ZDUHQ XQG VHKU DXI LKUH :UGH DFKWHWHQ -XQ] KDWWH HLQPDO GHQ DOWHQ /XGLJDQ $EHO GHQ WUDQWRULQLVFKHQ %RWVFKDIWHU GHU ODQJH DXI 6DUN JHOHEW KDWWH JHIUDJW ZDUXP GLH 6DUNLWHQ LKUH 5HJLHUXQJVJHVFKlIWH JHUDGH YRQ GHQ /HXWHQ DXVEHQ OLHHQGLHVLHDXV+HU]HQVJUXQGYHUDFKWHWHQ $EHO KDWWH EHU HLQHP *ODV JUQHQ :HLQHV GLH $XJHQ ]XVDPPHQJHNQLIIHQ ª3ROLWLN -XQ] 3ROLWLN (LQH )ROJH GHU SUDNWLVFKHQ 9HUHUEXQJVOHKUH 6DUN LVW LP *UXQGH HLQ NOHLQHU XQEHGHXWHQGHU3ODQHW XQG QXU VR ODQJH ZLFKWLJ ZLH GLH 6DUNLWHQ GLH XQHUVFK|SIOLFKH *ROGPLQH LQ )ORULQD XQWHU LKUHU .RQWUROOH KDEHQ 'HVKDOE EHXWHQ VLH MHGHV -DKU GLH 6WlGWH XQG '|UIHU )ORULQDV DXV XQG EULQJHQ GLH (OLWH GHU -XJHQG ]XU $XVELOGXQJ QDFK 6DUN 'LH GXUFKVFKQLWWOLFK %HJDEWHQ ODVVHQ VLH $NWHQ EHDUEHLWHQ )RUPXODUH DXVIOOHQ XQG $QWUlJH XQWHU]HLFKQHQ 'LH %HVWHQ VFKLFNHQ VLH QDFK )ORULQD ]XUFN 6LH VLQG GRUW DOV *RXYHUQHXUH WlWLJ XQG ZHUGHQ !2UWVYHUZDOWHU JHQDQQW© 'U-XQ]ZDULQHUVWHU/LQLH5DXPDQDO\WLNHU(UVDKGHQ6LQQGLHVHV 9RUJHKHQVQLFKW JDQ]HLQ ª$XV ,KQHQ ZLUG QLH HLQ JXWHU 9HUZDOWXQJVEHDPWHU© VS|WWHOWH $EHO ª%LWWHQ 6LH PLFK QLH XP HLQ (PSIHKOXQJVVFKUHLEHQ 6HKHQ 6LH DXI GLHVH :HLVH ZHUGHQ GLH LQWHOOLJHQWHVWHQ )ORULQLHU IU GLH VDUNLWLVFKH 6DFKH JHZRQQHQ GHQQ VRODQJH VLH IU 6DUN DUEHLWHQ ZLUGJXWIUVLHJHVRUJW:HQQVLHQLFKWPLWPDFKHQPVVHQVLHPLW GHI 5FNNHKU QDFK )ORULQD UHFKQHQ XQG ]ZDU DOV )DEULNDUEHLWHU 8QGHLQHVROFKH([LVWHQ]LVWQLFKWJXWPHLQ)UHXQGQLFKWJXW© (UOHHUWHVHLQ*ODVDXIHLQHQ=XJXQGIXKUIRUWª$XHUGHPN|QQHQ VLFK ZHGHU GLH 2UWVYHUZDOWHU QRFK GLH 6WDDWVDQJHVWHOOWHQ DXI 6DUN IRUWSIODQ]HQ RKQH LKUH 6WHOOXQJ ]X YHUOLHUHQ 1LFKW HLQPDO PLW )ORULQLHULQQHQ GUIHQ VLH V ZDJHQ 'LH 9HUPLVFKXQJ PLW 6DUNLWLQQHQ LVW YRQ YRUQKHUHLQ LQGLVNXWDEHO $XI GLHVH:HLVH ZLUG IRUWZlKUHQG GLH EHVWH IORULQLVFKH (UEPDVVH DXV DOOHQ %HY|ONHUXQJVVFKLFKWHQ JH]RJHQ VR GD GLH 0HQVFKHQ )ORULQDV DOOPlKOLFK QXU QRFK +RO]KDXHU XQG :DVVHUWUlJHU VHLQ ZHUGHQ©

ª'DQQ ZHUGHQ GHQ 6DUNLWHQ LP JOHLFKHQ 0D GLH $QJHVWHOOWHQ DXVJHKHQ QLFKW ZDKU"© ª'DV VLQG =XNXQIWVVRUJHQ© 1XQ VD -XQ] LQ HLQHP 9RU]LPPHU GHV 0LQLVWHULXPV IU )ORULQLVFKH $QJHOHJHQKHLWHQ XQG ZDUWHWH XQJHGXOGLJ ZlKUHQG IORULQLVFKH $QJHVWHOOWH XQDXIK|UOLFK GXUFK GDV EURNUDWLVFKH /DE\ULQWK KDVWHWHQ (QGOLFK VWDQG HLQ lOWHUHU )ORULQLHU HLQJHVFKUXPSIW LP 'LHQVW YRU LKP ª'U-XQ]"© ª-D© ª.RPPHQ6LHPLW© -XQ] ZXUGH ]X HLQHP 6WXKO YRU GHP 7LVFK GHV 6HNUHWlUV GHV VWHOOYHUWUHWHQGHQ 0LQLVWHUV JHOHLWHW 'HU 7LWHO GHV 0DQQHV ZDU LQ VHLQHQ7LVFKHLQJHlW]W1DWUOLFKNRQQWHNHLQ)ORULQLHUPHKUDOVHLQ 6HNUHWlU VHLQ JOHLFKJOWLJ ZLH YLHOH )lGHQ LQ VHLQHQ ZHLHQ )LQJHUQ ]XVDPPHQOLHIHQ 'HU VWHOOYHUWUHWHQGH 0LQLVWHU XQG GHU 0LQLVWHU IU )ORULQLVFKH $QJHOHJHQKHLWHQ ZDUHQ6DUNLWHQ'U-XQ] NRQQWH LKQHQ DXI *HVHOOVFKDIWHQ EHJHJQHQ DEHU HU ZXWH GD HU VLHQLHPDOVKLHULP%URDQWUHIIHQZUGH (UZDULPPHUQRFKXQJHGXOGLJDEHUHUZDUVHLQHP=LHOZHQLJVWHQV QlKHUJHNRPPHQ 'HU 6HNUHWlU HUVFKLHQ (U SUIWH HLQJHKHQG HLQH $NWH ZDQGWH MHGHV VRUJIlOWLJ YHUVFKOVVHOWH %ODWW XP DOV HQWKLHOWH HV GDV *HKHLPQLV GHV 8QLYHUVXPV 'HU 0DQQ ZDU QRFK MXQJ YLHOOHLFKWZDUHUNXU]YRUKHUEHI|UGHUWZRUGHQ XQGKDWWHZLHDOOH )ORULQLHUVHKUKHOOH+DXWXQGVHKUKHOOHV+DDU 'U -XQ] VWDPPWH YRQ /LEDLU XQG VHLQH +DXW KDWWH HLQH IU DOOH /LEDLUDQHUW\SLVFKHVWDUNH3LJPHQWLHUXQJVLHZDUGXQNHOEUDXQ(V JDE QXU ZHQLJH +LPPHOVN|USHU LQ GHU 0LOFKVWUDH DXI GHQHQ GLH +DXWIDUEHQ VR H[WUHP ZDUHQ ZLH DXI /LEDLU XQG )ORULQD ,P DOOJHPHLQHQKHUUVFKWHQ0LWWHOW|QHYRU (LQLJH MQJHUH UDGLNDOH $QWKURSRORJHQ YHUWUDWHQ GLH $QVLFKW GD VLFK GLH 0HQVFKHQ YRQ 3ODQHWHQ ZLH /LEDLU XQDEKlQJLJ YRQ GHU EULJHQ0HQVFKKHLWHQWZLFNHOWKlWWHQ'LHlOWHUHQ*HOHKUWHQMHGRFK OHXJQHWHQ GLH 0|JOLFKNHLW GD YHUVFKLHGHQH 0HQVFKHQUDVVHQ JHWUHQQW YRQHLQDQGHU HQWVWHKHQ XQG VLFK ELV ]X GHP 3XQNW HQWZLFNHOQ NRQQWHQ DQ GHP GLH 9HUPLVFKXQJ ELRORJLVFK P|JOLFK ZDU ZDV ]ZHLIHOORV ]ZLVFKHQ GHQ %HZRKQHUQ VlPWOLFKHU 3ODQHWHQ GHU 0LOFKVWUDH VWDWWJHIXQGHQ KDW 6LH YHUWUDWHQ GLH 0HLQXQJ GLH 0HQVFKKHLWVHLYRQLUJHQGHLQHP8U3ODQHWHQDXVJHJDQJHQXQGGRUW EHUHLWV LQ 8QWHUJUXSSHQ YRQ YHUVFKLHGHQHU +DXWIDUEH DXIJHWHLOW JHZHVHQ 'LHVYHUVHW]WHMHGRFKGDV3UREOHPQXUZHLWHULQGLH9HUJDQJHQKHLW ]XUFN(VZDUNHLQH/|VXQJVRGD'U-XQ]ZHGHUGLHHLQHQRFK

GLH DQGHUH (UNOlUXQJ IU EHIULHGLJHQG KLHOW (U GDFKWH EHU GDV 3UREOHP QDFK $XI GHQ GXQNOHQ :HOWHQ KDWWHQ VLFK DXV LUJHQGZHOFKHQ *UQGHQ DOWH /HJHQGHQ HUKDOWHQ 6R VSUDFKHQ EHLVSLHOVZHLVHGLHOLEDLUDQLVFKHQ0\WKHQYRQ=HLWHQLQGHQHQVLFK 0HQVFKHQ YHUVFKLHGHQHU +DXWIDUEH EHNlPSIWHQ XQG GLH %HVLHGHOXQJ YRQ /LEDLU VHOEVW ZXUGH GHP8PVWDQG]XJHVFKULHEHQ GD HLQH *UXSSH YRQ %UDXQHQ QDFK HLQHU YHUORUHQHQ 6FKODFKW YRQ LKUHP+HLPDWSODQHWHQIOLHKHQPXWH $OV'U-XQ]/LEDLUYHUODVVHQKDWWHXQG]XP$UNWXULQLVFKHQ,QVWLWXW IU 5DXPWHFKQLN NDP KDWWH HU GLH DOWHQ /HJHQGHQ IDVW YHUJHVVHQ 1XU HLQPDO QRFK ZXUGH HU GDUDQ HULQQHUW (U ZDU EHUXIOLFK DXI HLQHQ MHQHU DOWHQ +LPPHOVN|USHU LP ]HQWDXULVFKHQ 6HNWRU GHU 0LOFKVWUDHJHVWRHQHLQHQMHQHU3ODQHWHQGHUHQ*HVFKLFKWHQDFK 7DXVHQGHQ YRQ -DKUHQ ]lKOWH XQG GHVVHQ 6SUDFKH VR DOWHUWPOLFK NODQJGDVLHEHLQDKHMHQHDXVJHVWRUEHQHGLHHQJOLVFKHKlWWHVHLQ N|QQHQ $XI GLHVHP 3ODQHWHQ KDWWH PDQ HLQ EHVRQGHUV :RUW IU 0HQVFKHQPLWGXQNOHU+DXWIDUEH :R]XHLQEHVRQGHUHV:RUWIUHLQHQ0HQVFKHQPLWGXQNOHU+DXW" (V JDE VFKOLHOLFK DXFK NHLQ EHVRQGHUV :RUW IU HLQHQ 0DQQ PLW EODXHQ$XJHQRGHUJURHQ2KUHQRGHUJHORFNWHP+DDU(VJDENHLQ :RUWIU 'LHVFKQHLGHQGH6WLPPHGHV6HNUHWlUVXQWHUEUDFKVHLQH*HGDQNHQ ª6LHZDUHQVFKRQHLQPDOKLHULP0LQLVWHULXPODXWGLHVHU$NWH© ª$OOHUGLQJV©VDJWH'U-XQ]VFKURII ª$EHUQLFKWLQOHW]WHU=HLW© ª1HLQQLFKWLQOHW]WHU=HLW© ª6XFKHQ 6LH LPPHU QRFK HLQHQ 5DXPDQDO\WLNHU ZHOFKHU ©GHU 6HNUHWlU EOlWWHUWH ZHLWHU ªYRU HOI 0RQDWHQ XQG GUHL]HKQ 7DJHQ LQWHUVWHOODUHU6WDQGDUG]HLWYHUVFKZXQGHQLVW"© ª5LFKWLJ© ª:lKUHQG GHU JDQ]HQ =HLW© VDJWH GHU 6HNUHWlU PLW VHLQHU WURFNHQHQ EU|FNHOLJHQ 6WLPPH DXV GHU RIIHQEDU DOOHV /HEHQ KHUDXVJHSUHW ZRUGHQ ZDU ªKDW VLFK NHLQH 6SXU GHV 0DQQHV JH]HLJW XQG NHLQ %HZHLV GDIU GD HU MH DXI VDUNLWLVFKHP 7HUULWRULXPZDU© ª(U KDW VLFK ]XOHW]W DXV GHP 5DXP LQ GHU 1lKH 6DUNV JHPHOGHW© VDJWHGHU:LVVHQVFKDIWOHU 'LH EODEODXHQ $XJHQ GHV 6HNUHWlUV ULFKWHWHQ VLFK NXU] DXI 'U -XQ] XQG VHQNWHQ VLFK GDQQ UDVFK ª0DJ VHLQ $EHU GDV LVW NHLQ %HZHLVIUVHLQH$QZHVHQKHLWDXI6DUN© .HLQ %HZHLV 'U -XQ] /LSSHQ SUHWHQ VLFK ]XVDPPHQ 'LHV ZDU JHQDX GDV ZDV LKP DXFK GDV ,QWHUVWHOODUH 5DXPDQDO\WLVFKH %UR PLW ZDFKVHQGHU 6FKURIIKHLW VHLW 0RQDWHQ HU]lKOWH .HLQ %HZHLV 'U-XQ]:LUILQGHQGD6LH,KUH=HLWEHVVHUQW]HQN|QQWHQ'U

-XQ]'DV%URZLUGGDIUVRUJHQGDGLH6XFKHIRUWJHVHW]WZLUG 'U -XQ] ,Q :LUNOLFKNHLW PHLQWHQ VLH 1XQ K|UHQ 6LH DXI XQVHU *HOG]XYHUSOHPSHUQ-XQ] 'HU 5DXPDQDO\WLNHU ZDU ZLH GHU 6HNUHWlU EHUHLWV ULFKWLJ IHVWJHVWHOOW KDWWH QXQ VHLW HOI 0RQDWHQ XQG GUHL]HKQ 7DJHQ LQWHUVWHOODUHU6WDQGDUG]HLWYHUPLW'U-XQ]ZDU]ZHL7DJHGDQDFK DXI 6DUN JHODQGHW XP HLQH URXWLQHPlLJH ,QVSHNWLRQ GHV |UWOLFKHQ %URV DXI GLHVHP 3ODQHWHQ YRU]XQHKPHQ (U ZDU YRP |UWOLFKHQ 9HUWUHWHU GHV ,5% HPSIDQJHQ ZRUGHQ HLQHP MXQJHQ 0DQQ GHU LQ -XQ] *HGlFKWQLV KDXSWVlFKOLFK GDGXUFK KHUYRUVWDFK GD HU XQDXIK|UOLFK LUJHQGHLQ HODVWLVFKHV 3URGXNW GHU FKHPLVFKHQ ,QGXVWULHYRQ6DUNNDXWH $OV GLH ,QVSHNWLRQ YRUEHU ZDU KDWWH GHU |UWOLFKH $JHQW VHLQHQ 3ODVWRSULHP KLQWHU GLH %DFNHQ]lKQH JHVWHFNW XQG JHVDJW ª+LHU LVW QRFK HLQH 0HOGXQJ YRQ HLQHP %HREDFKWHU 'U -XQ] :DKUVFKHLQOLFKQLFKWZLFKWLJ6LHNHQQHQMDGLH/HXWH© (U VSUDFK PLW GHU EOLFKHQ +HUDEODVVXQJ ª6LH NHQQHQ MD GLH /HXWH© 'U -XQ] EOLFNWH HWZDV lUJHUOLFK DXI (U ZDU VHOEVW YRU IQI]HKQ -DKUHQ%HREDFKWHUJHZHVHQXQGKDWWHHVQDFKNQDSS GUHL 0RQDWHQ QLFKW PHKU DXVJHKDOWHQ $EHU GHU bUJHU EHU GHQ MXQJHQ 0DQQ ZDU HV GHU LKQ GLH 0HOGXQJ DXIPHUNVDP OHVHQ OLH 6LH ODXWHWH !%LWWH KDOWHQ 6LH GLUHNWH 9HUELQGXQJ ]XP ,5% +DXSWTXDUWLHU RIIHQ 0HOGXQJHQ YRQ JURHU %HGHXWXQJ *DQ]H 0LOFKVWUDHEHWURIIHQ/DQGHDXIGLUHNWHP:HJ 'HU MXQJH 0DQQ DPVLHUWH VLFK 6HLQH .LHIHU KDWWHQ ZLHGHU LKU UK\WKPLVFKHV0DKOHQDXIJHQRPPHQª6WHOOHQ6LHVLFKYRU!*DQ]H 0LOFKVWUDHEHWURIIHQ'DVLVWJXWVRJDUIUHLQHQ%HREDFKWHU,FK KDEHLKQDQJHUXIHQQDFKGHPLFKGLHVH0HOGXQJHUKDOWHQKDWWHXP ]X VHKHQ RE LFK DXV LKP LUJHQGZLH NOXJ ZHUGHQ N|QQWH $EHU HV KDWWH NHLQHQ =ZHFN (U VDJWH QXU LPPHU ZLHGHU GDV /HEHQ DOOHU 0HQVFKHQ DXI )ORULQD VHL LQ *HIDKU (LQH KDOEH 0LOOLDUGH 0HQVFKHQOHEHQ VWQGHQ DXI GHP 6SLHO (V K|UWH VLFK VHKU SV\FKRSDWKLVFKDQ'HVKDOEP|FKWHLFKLKPRIIHQJHVWDQGHQQLFKW JHUQDOOHLQJHJHQEHUWUHWHQ:DVVFKODJHQ6LHYRU"© ª+DEHQ 6LH HLQH $XI]HLFKQXQJ ,KUHV OHW]WHQ *HVSUlFKV PLW LKP"© IUDJWH'U-XQ] ª-D ZDUWHQ 6LH© (U VXFKWH HLQLJH 0LQXWHQ 6FKOLHOLFK IDQG HU HLQHQ )LOP 'U -XQ] OLH LKQ GXUFK GDV /HVHJHUlW ODXIHQ (U UXQ]HOWHGLH6WLUQª'DVLVWHLQH.RSLHQLFKWZDKU"© ª-D LFK KDEH GDV 2ULJLQDO DQ GDV $PW IU $XHUSODQHWDULVFKHQ 9HUNHKU KLHU DXI 6DUN JHVFKLFNW ,FK GDFKWH HV ZlUH GDV EHVWH ZHQQ PDQ LKQ DXI GHP /DQGHSODW] JOHLFK PLW HLQHU $PEXODQ] HPSILQJH,FKN|QQWHPLUGHQNHQGDHUJHIlKUOLFKLVW© 'U -XQ] ZDU JHQHLJW GHP MXQJHQ 0DQQ ]X]XVWLPPHQ :HQQ GLH

$QDO\WLNHU LQ GHQ HLQVDPHQ :HLWHQ GHV :HOWUDXPV VFKOLHOLFK EHL LKUHU $UEHLW ]XVDPPHQEUDFKHQ ZDUHQ VLH RIW VFKZHUH 3V\FKRSDWKHQ 'RFK GDQQ VDJWH HU ª0RPHQW 6LH VSUHFKHQ DOV VHL HU ELV MHW]W QLFKWJHODQGHW© ª,FK QHKPH DQ HU LVW JHODQGHW DEHU ELV MHW]W KDW PLFK QLHPDQG YHUVWlQGLJW© ª5XIHQ 6LH GHQ ,QIRUPDWLRQVGLHQVW DQ XQG IUDJHQ 6LH QDFK (LQ]HOKHLWHQ© $P QlFKVWHQ 7DJ ZDU -XQ] NXU] EHYRU HU 6DUN YHUODVVHQ ZROOWH QRFK HLQPDO LQV ,5%*HElXGH JHNRPPHQ XP HLQLJH OHW]WH 'LQJH ]X UHJHOQ (U KDWWH DXI DQGHUHQ 3ODQHWHQ ]X WXQ XQG ZDU LQ (LOH %HLQDKHVFKRQDXIGHU7UVFKZHOOHVDJWHHUª:LHVWHKWHVEULJHQV PLWXQVHUHP%HREDFKWHU"© ª$FK ULFKWLJ© VDJWH GHU MXQJH 0DQQ ª,FK ZROOWH HV ,KQHQ VFKRQ VDJHQ 'HU ,QIRUPDWLRQVGLHQVW KDWQLFKWV YRQ LKP JHK|UW ,FK KDEH LKQHQGDV(QHUJLHPXVWHUVHLQHU+\SHUDWRP0RWRUHQGXUFKJHJHEHQ DEHUVLHVDJHQVHLQ6FKLIIVHLQLFKWLQGHU1lKHYRQ6DUN'HU.HUO PXVLFKDQGHUVEHVRQQHQKDEHQ© 'U -XQ] EHVFKOR VHLQH $EUHLVH XP YLHUXQG]ZDQ]LJ 6WXQGHQ ]X YHUVFKLHEHQ $P QlFKVWHQ 7DJ ZDU HU LP $PW IU $XHUSODQHWDULVFKHQ 9HUNHKU LQ 6DUNOLP GHU +DXSWVWDGW GHV 3ODQHWHQ +LHU NDP HU ]XP HUVWHQPDO PLW IORULQLVFKHQ %URNUDWHQ LQ %HUKUXQJ XQG VLH VFKWWHOWHQ GLH .|SIH -D VLH KDWWHQ GLH 0HOGXQJ EHU GLH EHYRUVWHKHQGH /DQGXQJ HLQHV 5DXPDQDO\WLNHUV YRP,5%HUKDOWHQ$EHUNHLQ6FKLIIZDUJHODQGHW (VVHLZLFKWLJEHKDUUWH'U-XQ]'HU0DQQVHLVHKUNUDQN2EVLH NHLQH .RSLH GHU $XI]HLFKQXQJ VHLQHV OHW]WHQ *HVSUlFKV PLW GHP |UWOLFKHQ ,5%$JHQWHQ HUKDOWHQ KlWWHQ" 6LH ULVVHQ GLH $XJHQ DXI $XI]HLFKQXQJ" 1LHPDQG NRQQWH VLFK HULQQHUQ (V WlWH LKQHQ OHLG GD GHU 0DQQ NUDQN VHL DEHU NHLQ ,5%6FKLII VHL JHODQGHW XQG NHLQ ,5%6FKLII EHIlQGH VLFK ]XU =HLW LQ GHU QlKHUHQ 8PJHEXQJ YRQ6DUN 'U -XQ] JLQJ ]XUFN LQ VHLQ +RWHO 'HU QHXH 7HUPLQ IU VHLQH $EUHLVH YHUVWULFK (U OLH VLFK HLQ DQGHUHV =LPPHU ]XZHLVHQ GDV IU HLQHQ OlQJHUHQ $XIHQWKDOW EHVVHU JHHLJQHW ZDU 'DQQ YHUHLQEDUWH HU HLQ =XVDPPHQWUHIIHQ PLW /XGLJDQ $EHO GHP %RWVFKDIWHUYRQ7UDQWRU 'HQQlFKVWHQ7DJYHUEUDFKWHHUPLWGHU/HNWUHYRQ%FKHUQEHU VDUNLWLVFKH*HVFKLFKWH$OVHUGLH%FKHUVFKOLHOLFKEHLVHLWHOHJWH NRFKWH HU YRU bUJHU (U ZUGHQLFKWVROHLFKWDXIJHEHQGDVZXWH HU 'HU DOWH %RWVFKDIWHU EHKDQGHOWH LKQ ZLH HLQHQ OLHEHQVZHUWHQ %HVXFK VFKWWHOWH LKP GLH +DQG OLH VHLQH DXWRPDWLVFKH %DU

KHUHLQUROOHQ XQG ZROOWH ZlKUHQG GHU HUVWHQ EHLGHQ *OlVHU NHLQ JHVFKlIWOLFKHV *HVSUlFK DXINRPPHQ ODVVHQ -XQ] EHQXW]WH GLH *HOHJHQKHLWEHIUDJWHLKQEHUGHQIORULQLVFKHQ9HUZDOWXQJVDSSDUDW XQGOLHVLFKGLH VDUNLWLVFKH9HUHUEXQJVOHKUHHUOlXWHUQ -XQ] VDK $EHO QRFK GHXWOLFK YRU VLFK GLH WLHIOLHJHQGHQ $XJHQ KDOE JHVFKORVVHQ XQWHU YHUEOIIHQG KHOOHQ $XJHQEUDXHQ GLH VFKQDEHOlKQOLFKH 1DVH GLH HLQJHIDOOHQHQ :DQJHQ GLH GDV KDJHUH *HVLFKW QRFK VFKPDOHU HUVFKHLQHQ OLHHQ XQG GHQ JHNUPPWHQ 0LWWHOILQJHU GHU ODQJVDP GHQ 7DNW ]X HLQHU XQK|UEDUHQ 0XVLN VFKOXJ $OV -XQ] VHLQ $QOLHJHQ YRUEUDFKWH K|UWH $EHO DXIPHUNVDP ]X 'DQQ VDJWH HU ª.HQQHQ 6LH GHQ 0DQQ GHU YHUVFKZXQGHQ LVW"© ª1HLQ 8QVHUH %HREDFKWHU VLQG 0lQQHU GLH PDQ VFKZHU NHQQHQOHUQW© ª+DWHUYRUKHUVFKRQHLQPDO:DKQLGHHQJHKDEW"© ª1DFK GHQ $NWHQ GHV ,5% LVW GLHV GDV HUVWH 0DO ZHQQ HV HLQH :DKQLGHHLVW© ª:HQQ"©'HU%RWVFKDIWHUJLQJGDUDXIQLFKWHLQª8QGZHVKDOE NRPPHQ6LHPLWGLHVHU$QJHOHJHQKHLW]XPLU"© ª,FKEUDXFKH,KUH+LOIH© ª'DV GHQNH LFK PLU $EHU LFK ZWH QLFKW ZDV LFK WXQ N|QQWH© ª,FK ZLOO HV ,KQHQ HUNOlUHQ 'DV VDUNLWLVFKH $PW IU $XHUSODQHWDULVFKHQ 9HUNHKU KDW GHQ 5DXP LQ GHU 1lKH GHV 3ODQHWHQ QDFK GHQ (QHUJLHPXVWHUQ GHU 0RWRUHQ GHV ,5%6FKLIIHV DEJHVXFKW XQG NHLQH 6SXUHQ JHIXQGHQ 6LH ZUGHQ LQ GLHVHU +LQVLFKWQLFKWOJHQ 'DV VROO QLFKW KHLHQ GD GLH 6DUNLWHQ EHU GDV /JHQ HUKDEHQ VHLHQ $EHU VLH VLQG ]ZHLIHOORV EHU VLQQORVH /JHQ HUKDEHQ XQG VLH ZLVVHQ GD LFK GLHVH $QJHOHJHQKHLW LQQHUKDOE YRQ ]ZHL RGHU GUHL6WXQGHQLP5DXPEHUSUIHQN|QQWH© ª'DVLVWZDKU:DVDOVRGDQQ"© ª(V JLEW ]ZHL 0|JOLFKNHLWHQ ZHQQ GLH 6SXUHQ GHV ,5%6FKLIIV QLFKW JHIXQGHQ ZHUGHQ (LQPDO ZHQQ GDV 6FKLII QLFKW PHKU LP QDKHQ 5DXP LVW ZHLO HV GHQ 5DXP EHUVSUXQJHQ KDW XQG VLFK LQ HLQHPDQGHUHQ6HNWRUGHU0LOFKVWUDHEHILQGHW=ZHLWHQVZHQQHV EHUKDXSW QLFKW PHKU LP 5DXP LVW ZHLO HV DXI HLQHP 3ODQHWHQ JHODQGHW LVW ,FK NDQQ QLFKW JODXEHQ GD XQVHU 0DQQ GHQ 5DXP EHUVSUXQJHQKDW :HQQVHLQH)HVWVWHOOXQJHQEHUGLH*HIDKUIU )ORULQD :DKQLGHHQ ZlUHQ ZUGH LKQ QLFKWV GDYRQ DEKDOWHQ DXI 6DUN]XODQGHQXQGGDUEHU]XEHULFKWHQ(UKlWWHHVVLFKXQWHUJDU NHLQHQ 8PVWlQGHQ DQGHUV EHUOHJW ,FK KDEH HLQH IQI]HKQMlKULJH (UIDKUXQJ LQ GLHVHQ 'LQJHQ 6ROOWHQ VHLQH )HVWVWHOOXQJHQ DEHU ULFKWLJVHLQGDQQZlUHGLH$QJHOHJHQKHLWJHZL]XHUQVWDOVGDHU VHLQHQ6LQQJHlQGHUWXQGGHQ5DXPYHUODVVHQKlWWH©

'HUDOWH%RWVFKDIWHUKREGHQ)LQJHUª6LHVFKOLHHQDOVRGDHUDXI 6DUNVHL"© ª*HQDX $QJHQRPPHQ HU OHLGHW XQWHU HLQHU 3V\FKRVH VR NDQQ HU LUJHQGZR DXHUKDOE HLQHV 5DXPKDIHQV DXI GHP 3ODQHWHQ JHODQGHW VHLQ(UNDQQSODQORVXPKHUZDQGHUQNUDQNXQGKDOELUUH'DVZlUH VHKU XQJHZ|KQOLFK VHOEVW IU HLQHQ %HREDFKWHU DEHU HV LVW VFKRQ JHVFKHKHQ *HZ|KQOLFK WULWW LQ GLHVHP )DOO HLQ YRUEHUJHKHQGHU *HGlFKWQLVVFKZXQG HLQ :HQQ GHU $QIDOO YRUEHL LVW HULQQHUW VLFK GDV 2SIHU ]XHUVW DQ GLH (LQ]HOKHLWHQ VHLQHU $UEHLW HKH GLH SHUV|QOLFKHQ(ULQQHUXQJHQZLHGHUNHKUHQ6FKOLHOLFKLVWGLH$UEHLW GHV 5DXPDQDO\WLNHUV GHU ,QKDOW VHLQHV /HEHQV 6HKU RIW ZLUG GHU %HWUHIIHQGH GDGXUFK DXIJHJULIIHQ GD HU LQ HLQH |IIHQWOLFKH %LEOLRWKHNJHKWXP/H[LNDEHU5DXPDQDO\VHQDFK]XVFKODJHQ© ª6LH PHLQHQ DOVR LFK VROO GLH %LEOLRWKHNHQ ELWWHQ ,KQHQ HLQHQ VROFKHQ9RUIDOO]XEHULFKWHQ"© ª1HLQ 'DV ZHUGH LFK RKQH 6FKZLHULJNHLWHQ VHOEVW YHUDQODVVHQ N|QQHQ ,FK ZHUGH GDUXP HUVXFKHQ GD JHZLVVH 6WDQGDUGZHUNH EHU5DXPDQDO\VHUHVHUYLHUWZHUGHQXQGGDMHGHUGHUQDFKLKQHQ IUDJW IHVWJHKDOWHQ ZLUG HV VHL GHQQ HU NDQQ VLFK DOV 6DUNLW DXVZHLVHQ 'LH %HK|UGHQ ZHUGHQ GHP ]XVWLPPHQ ZHLO VLH DQQHKPHQGDQLFKWVGDEHLKHUDXVNRPPW© ª:DUXPQLFKW"© ª:HLO© -XQ]VSUDFKQXQ PLW ZDFKVHQGHP=RUQ ªZHLO LFKVLFKHU ELQ GD XQVHU 0DQQ DXI GHP 5DXPKDIHQ YRQ 6DUN JHODQGHW LVW JHQDXZLHHUHVYRUJHKDEWKDWWHXQG JHVXQGRGHUSV\FKRSDWKLVFK YRQ GHQ VDUNLWLVFKHQ %HK|UGHQ YLHOOHLFKW HLQJHVSHUUW ZDKUVFKHLQOLFKDEHUJHW|WHWZXUGH© $EHOVWHOOWHVHLQ*ODVKLQª6SUHFKHQ6LHLP(UQVW"© ª6HKHLFKDXVDOVPDFKHLFK:LW]H":DVKDEHQ6LHPLUVHOEVWYRU HLQHU KDOEHQ 6WXQGH EHU 6DUN HU]lKOW" /HEHQ :RKOVWDQG XQG 0DFKW 6DUNV KLQJHQ YRQ )ORULQD DE 8QG ZDV KDW PLU GLH /HNWUH GHU OHW]WHQ YLHUXQG]ZDQ]LJ 6WXQGHQ JH]HLJW" 'D GLH .\UWIHOGHU )ORULQDV GDV +HLO YRQ 6DUN VHLHQ 1XQ DEHU NRPPW HLQ 0DQQ JHVXQG RGHU SV\FKRSDWKLVFK XQG HUNOlUW GDV /HEHQ MHGHV 0DQQHV XQGMHGHU)UDXDXI)ORULQDVHLLQ*HIDKU+LHULVWGLH$XI]HLFKQXQJ VHLQHVOHW]WHQ*HVSUlFKVPLWXQVHUHP%UR/HVHQ6LH©$EHOQDKP GHQ )LOP GHQ LKP -XQ] KLQJHVWUHFNW KDWWH XQG JULII QDFK GHP /HVHJHUlWª1LFKWVHKUDXIVFKOXUHLFK© ª1DWUOLFKQLFKW$EHUHVKlWWHNHLQHVIDOOVDQGLH6DUNLWHQJHVFKLFNW ZHUGHQ GUIHQ 6HOEVW ZHQQ GHU 0DQQ XQUHFKW KlWWH N|QQWH GLH VDUNLWLVFKH 5HJLHUXQJ XQP|JOLFK ]XODVVHQ GD HU VHLQH :DKQLGHH LQ GHU JDQ]HQ 0LOFKVWUDH DXVSRVDXQW JDQ] ]X VFKZHLJHQ YRQ GHU 3DQLN GLH LQ )ORULQD HQWVWQGH XQG YRQ GHU 8QWHUEUHFKXQJ LQ GHU .\UWSURGXNWLRQ 'LH JDQ]H VFKPXW]LJH $IIlUH ]ZLVFKHQ 6DUN XQG

)ORULQDZlUHGHP%OLFNGHUJHVDPWHQ0LOFKVWUDH DXVJHVHW]W 6WHOOHQ 6LH VLFK QXQ YRU GD VLH QLFKWV ZHLWHU ]X WXQ EUDXFKWHQ DOV HLQHQ HLQ]LJHQ 0DQQ ]X EHVHLWLJHQ XP GLHV DOOHV ]X YHUKLQGHUQ ]XPDO LFK DXI GLHVH $XI]HLFKQXQJHQ KLQ QLFKWV XQWHUQHKPHQNDQQ8QGGDVZLVVHQVLH:UGH6DUNLQVROFKHLQHP )DOO YRU HLQHP 0RUG ]XUFNVFKUHFNHQ" 'LHVH 9HUHUEXQJV ([SHULPHQWDWRUHQJHZLQLFKW© ª8QGZDVVROOLFK,KUHU0HLQXQJQDFKWXQ",FKPXVDJHQLFKVHKH GDLPPHUQRFKQLFKWNODU©$EHOVFKLHQXQEHZHJW ª6WHOOHQ 6LH IHVW RE VLH LKQ XPJHEUDFKW KDEHQ© VDJWH -XQ] JULPPLJ ª6LH KDEHQ KLHU DXI 6DUN HLQH YRU]JOLFKH 6SLRQDJHRUJDQLVDWLRQ :LU ZROOHQ XQV QLFKWV YRUPDFKHQ *HKHQ 6LHGHU6DFKHDXIGHQ*UXQGZlKUHQGLFKGLH$XIPHUNVDPNHLWGHU %HK|UGHQ PLW PHLQHU %LEOLRWKHNVDNWLRQ DEOHQNH 8QG ZHQQ 6LH PHLQHQ 9HUGDFKW EHVWlWLJW ILQGHQ P|FKWH LFK GD 7UDQWRU GDIU VRUJW GD NHLQH 5HJLHUXQJ LUJHQGZR LQ GHU 0LOFKVWUDH MH ZLHGHU JODXEWVLHN|QQHXQJHVWUDIWHLQHQ,5%0DQQXPEULQJHQ© 'DPLWKDWWHGDV*HVSUlFKPLW$EHOJHHQGHW -XQ] KDWWH LQ HLQHP UHFKW JHKDEW 'LH VDUNLWLVFKHQ %HK|UGHQ ZDUHQ]XJlQJOLFKVRZHLWHVGLH$NWLRQLQGHQ%LEOLRWKHNHQEHWUDI $EHU LQ NHLQHP DQGHUHQ 3XQNW VFKLHQHQ VHLQH hEHUOHJXQJHQ ULFKWLJ0RQDWHYHUVWULFKHQXQG$EHOV$JHQWHQNRQQWHQNHLQH6SXU GHVYHUPLWHQ5DXPDQDO\WLNHUVILQGHQZHGHUOHEHQGQRFKWRW (OI 0RQDWH ]RJ HV VLFK QXQ KLQ -XQ] EHJDQQ EHUHLWV GLH 6DFKH DXI]XJHEHQ (U ZDU HQWVFKORVVHQ QRFK GHQ ]Z|OIWHQ 0RQDW DE]XZDUWHQ DEHU NHLQHQ 7DJ OlQJHU 8QG GDQQ ZDU GLH :HQGXQJ JHNRPPHQ XQG ]ZDU QLFKW GXUFK $EHO VRQGHUQ GXUFK GHQ IDVW YHUJHVVHQHQ 6WURKPDQQ GHQ -XQ] VHOEVW DXIJHVWHOOW KDWWH (LQ %HULFKW YRQ GHU |IIHQWOLFKHQ %LEOLRWKHN DXI )ORULQD ZDU HLQJHWURIIHQ XQG -XQ] VXFKWH VRIRUW GDV 0LQLVWHULXP IU )ORULQLVFKH $QJHOHJHQKHLWHQ DXI 'HU 6HNUHWlU KDWWH GHQ OHW]WHQ %RJHQ XPJHEOlWWHUW XQG VFKDXWH -XQ] DQ ª1XQ ZDV NDQQ LFK IU 6LH WXQ"© -XQ]VSUDFKPLWJURHU3Ul]LVLRQª*HVWHUQQDFKPLWWDJXPYLHU8KU ]ZHLXQG]ZDQ]LJ ZXUGH LFK GDYRQ EHQDFKULFKWLJW GD HLQ 0DQQ GHUNHLQ6DUNLWZDULQGHU|IIHQWOLFKHQ%LEOLRWKHNGHUREHUHQ6WDGW LQ )ORULQD LQ ]ZHL 6WDQGDUGZHUNH EHU 5DXPDQDO\VH (LQEOLFN QHKPHQ ZROOWH ,FK KDEH VHLWGHP QLFKWV PHKU YRQ GHU %LEOLRWKHN JHK|UW© (U IXKU IRUW XQG KRE GLH 6WLPPH XP HLQHQ .RPPHQWDU ]X YHUPHLGHQ ]X GHP GHU 6HNUHWlU DQJHVHW]W KDWWH ª$XHUGHP LVW HLQH 1DFKULFKW EHU GDV |IIHQWOLFKH (PSIDQJVJHUlW GHV +RWHOV LQ GHP LFK ZRKQH HLQJHJDQJHQ 6LH LVW YRQ JHVWHUQ QDFKPLWWDJ IQI 8KU GDWLHUW XQG EHVDJW GD HLQ3ROL]HLEHDPWHULQGHU|IIHQWOLFKHQ

%LEOLRWKHN DXI )ORULQD QLHGHUJHVFKODJHQ ZRUGHQ VHL XQG GD PDQ GUHL (LQJHERUHQH GHQHQ PDQ GLH *HZDOWWDW ]XVFKUHLEW YHUIROJH 'LHVH 0LWWHLOXQJ ZXUGH LQ VSlWHUHQ 1DFKULFKWHQVHQGXQJHQ QLFKW ZLHGHUKROW ,FK ]ZHLIOH QXQ QLFKW GDUDQ GD GLHVH EHLGHQ 0HOGXQJHQ ]XVDPPHQJHK|UHQ 8QG LFK ]ZHLIOH DXFK QLFKW GDUDQ GDGHU0DQQGHQLFKVXFKHLQ+DIWLVW,FKKDEHXPGLH(UODXEQLV JHEHWHQ QDFK )ORULQD UHLVHQ ]X GUIHQ 6LH ZXUGH PLU YHUZHLJHUW ,FKKDEHGDUXPJHEHWHQGDPDQPLUGHQEHWUHIIHQGHQ0DQQQDFK 6DUN VFKLFNW XQG NHLQH $QWZRUW HUKDOWHQ ,FK ELQ QXQ ]XP 0LQLVWHULXP IU )ORULQLVFKH $QJHOHJHQKHLWHQ JHNRPPHQ XP LQ GLHVHU +LQVLFKW7DWHQ]XYHUODQJHQ(QWZHGHULKIDKUHKLQRGHUGHU 0DQQNRPPWKHU© 'HU6HNUHWlUVDJWHPLWWHLOQDKPVORVHU6WLPPHª'LH5HJLHUXQJYRQ 6DUNNDQQNHLQH)RUGHUXQJHQYRQ%HDPWHQGHV,5%DQQHKPHQ,FK ELQ YRQ PHLQHQ 9RUJHVHW]WHQ GDUDXI YRUEHUHLWHW ZRUGHQ GD 6LH PLFK ZDKUVFKHLQOLFK LQ GLHVHU $QJHOHJHQKHLW DXIVXFKHQ ZHUGHQ XQG PDQ KDW PLFK EHU GLHMHQLJHQ (LQ]HOKHLWHQ LQVWUXLHUW GLH LFK ,KQHQ EHNDQQWJHEHQ GDUI 'HU 0DQQ GHU GLH UHVHUYLHUWHQ %FKHU VHKHQ ZROOWH ]XVDPPHQ PLW ]ZHL %HJOHLWHUQ EULJHQV HLQHP 2UWVYHUZDOWHU XQG HLQHU IORULQLVFKHQ )UDX KDW GDV $WWHQWDW GDV 6LH HUZlKQHQ WDWVlFKOLFK EHJDQJHQ 0DQ KDW GLH 9HUEUHFKHU YHUIROJWVLHZXUGHQMHGRFKQLFKWHUJULIIHQ© -XQ] JDE VLFK NHLQH 0KH VHLQH (QWWlXVFKXQJ ]X YHUEHUJHQ ª6LH VLQGHQWNRPPHQ"© ª'DV QLFKW 6LH ZXUGHQ ELV ]XU %lFNHUHL HLQHV JHZLVVHQ 0DWW .KRURYYHUIROJW© -XQ] VWDUUWH LKQ DQ ª8QG PDQ YHUKDIWHWH VLH QLFKW"© ª+DEHQ 6LH QLFKWNU]OLFKPLW6HLQHU([]HOOHQ]/XGLJDQ$EHONRQIHULHUW"© ª:DVKDWGDVGDPLW]XWXQ"© ª:LU KDEHQ ,QIRUPDWLRQHQ GD 6LH UHJHOPlLJ LQ GHU 7UDQWRULQLVFKHQ%RWVFKDIWJHVHKHQZXUGHQ© ª,FK KDEH GHQ %RWVFKDIWHU VHLW HLQHU :RFKH QLFKW PHKU JHVSURFKHQ© ª'DQQ ZUGH LFK YRUVFKODJHQ LKQ DXI]XVXFKHQ :LU OLHHQ GLH 9HUEUHFKHU LQ .KRURYV /DGHQ XQDQJHWDVWHW PLW 5FNVLFKW DXI XQVHUH JHVSDQQWHQ %H]LHKXQJHQ ]X 7UDQWRU 0DQ KDW PLFK HUPlFKWLJW ,KQHQ IDOOV HV QRWZHQGLJ HUVFKHLQW PLW]XWHLOHQ GD .KRURY ZDV 6LH ZDKUVFKHLQOLFK QLFKW EHUUDVFKHQ ZLUG © HU OlFKHOWH VS|WWLVFK ªXQVHUHP 6LFKHUKHLWVPLQLVWHULXP DOV WUDQWRULQLVFKHU $JHQWZRKOEHNDQQWLVW©

'HU%RWVFKDIWHU =HKQ 6WXQGHQ YRU GLHVHP *HVSUlFK ]ZLVFKHQ MXQ] XQG GHP 6HNUHWlUKDWWH7HUHQV.KRURYV/DGHQYHUODVVHQ (U WDVWHWH VLFK PLW GHQ +lQGHQ DQ GHQ UDXKHQ :lQGHQ GHU $UEHLWHUKWWHQ HQWODQJ $XHU GHP EODXHQ /LFKW GDV YRQ GHU REHUHQ 6WDGW KHUXQWHUVLFNHUWH KHUUVFKWH Y|OOLJH 'XQNHOKHLW 'DV HLQ]LJH /LFKW GDV KLHU LQ GHU XQWHUHQ 6WDGW KlWWH OHXFKWHQ N|QQHQ ZlUHQ GLH 7DVFKHQODPSHQ GHU 3ROL]HLEHDPWHQ JHZHVHQ GLH ]X ]ZHLHQ RGHU GUHLHQ GXUFK GLH 6WUDHQ JLQJHQ 'LHXQWHUH 6WDGWODJ ZLHHLQVFKOXPPHUQGHV8QJHKHXHUXQWHUGHUJOLW]HUQGHQ'HFNHGHU REHUHQ6WDGW,QHLQLJHQ6WDGWYLHUWHOQKHUUVFKWH]ZDUDXFK]XGLHVHU 6WXQGH HLQ VFKDWWHQKDIWHV /HEHQ GD 3URGXNWH DEJHODGHQ XQG IU GHQ NRPPHQGHQ 7DJ JHODJHUW ZXUGHQ GRFK GDV ZDU QLFKW KLHU LQ GHQ(OHQGVTXDUWLHUHQ 7HUHQV ERJ LQ HLQH 6HLWHQVWUDH HLQ (U K|UWH 6FKULWWH /LFKWHU WDXFKWHQ DXI JLQJHQ YRUEHU XQG YHUVFKZDQGHQ KXQGHUW 0HWHU ZHLWHU 'LH JDQ]H 1DFKW EHU PDUVFKLHUWHQ GLH 3ROL]HLVWUHLIHQ 6LH EUDXFKWHQ QXU ]X PDUVFKLHUHQ 'LH )XUFKW YRU LKQHQ JHQJWH XP GLH 2UGQXQJ RKQH *HZDOWDQZHQGXQJ DXIUHFKW]XHUKDOWHQ (LQ 9HUEUHFKHQ ZlUH RKQHKLQ QLFKW JHVFKHKHQ 'LH 'XQNHOKHLW KlWWH ]ZDU OHLFKW XQ]lKOLJHQ XPKHUVWUHLIHQGHQ 0HQVFKHQ 6FKXW] ELHWHQ N|QQHQDEHUGLH/HEHQVPLWWHOJHVFKlIWHXQG)DEULNHQZDUHQVWUHQJ EHZDFKW XQG HLQDQGHU ]X EHVWHKOHQ YRQ GHQ SDDU +DEVHOLJNHLWHQ HLQHVDQGHUHQ]XVFKPDURW]HQZlUHY|OOLJXQUHQWDEHOJHZHVHQ +LHULQGHU'XQNHOKHLWH[LVWLHUWHGDV9HUEUHFKHQQLFKW+LHUJDEHV QXU $UPXW XQG GHU hEHUIOX GHU REHUHQ 6WDGW ODJ DXHUKDOE GHU 5HLFKZHLWH 7HUHQV KXVFKWH ZHLWHU 6HLQ *HVLFKW VFKLPPHUWH ZHL ZHQQ HU XQWHU GHQ gIIQXQJHQ LQ GHU =HPHQWGHFNH YRUEHLJLQJ XQG KLQDXIEOLFNWH $XHUKDOEGHU5HLFKZHLWH" :DUHQ GLH *URKHUUHQ ZLUNOLFK DXHUKDOE GHU 5HLFKZHLWH" :LH YLHOH:DQGOXQJHQLQVHLQHP'HQNHQXQG9HUKDOWHQJHJHQEHUGHQ *URKHUUHQYRQ6DUNKDWWH7HUHQVLQVHLQHP/HEHQGXUFKJHPDFKW" ,Q VHLQHU -XJHQG ZDUHQ GLH 3ROL]HLEHDPWHQ 8QJHKHXHU LQ 6FKZDU] XQG 6LOEHU JHZHVHQ YRU GHQHQ PDQ IORK JOHLFKJOWLJ RE PDQ HWZDV DQJHVWHOOW KDWWH RGHU QLFKW 'LH *URKHUUHQ DEHU ZDUHQ P\VWLVFKH XQG ZRKOWlWLJH hEHUPHQVFKHQ IU LKQ JHZHVHQ GLH LQ HLQHP3DUDGLHVQDPHQV6DUNOHEWHQXQGGLHVRUJIlOWLJXQGJHGXOGLJ EHU GDV :RKO GHU GXPPHQ 0lQQHU XQG )UDXHQ YRQ )ORULQD ZDFKWHQ (UEHWHWHMHGHQ7DJLQGHU6FKXOHª0|JHGHU*HLVWGHU0LOFKVWUDH

GLH*URKHUUHQEHVFKW]HQVRZLHVLHXQVEHVFKW]HQ -D GDFKWH HU QXQ JHQDXVR *HQDXVR 0|JH GHU *HLVW EHU LKQHQ VHLQZLHVLHEHUXQV1LFKWPHKUXQGQLFKWZHQLJHU6HLQH)lXVWH EDOOWHQVLFK $OV HU ]HKQ -DKUH DOW ZDU KDWWH HU LQ GHU 6FKXOH HLQHQ $XIVDW] GDUEHU JHVFKULHEHQ ZLH HU VLFK GDV /HEHQ DXI 6DUN YRUVWHOOWH 'DULQ KDWWH HU JHVFKLOGHUW ZLH VLFK GLH *URKHUUHQ VHFKV 0HWHU JURXQGSUlFKWLJJHNOHLGHWMHGHQ0RUJHQIHLHUOLFKLQHLQHUZHLWHQ +DOOH YHUVDPPHOWHQ XQG VLFK EHU GLH 6QGHQ GHU )ORULQLHU XQWHUKLHOWHQ XQG VRUJHQYROO EHU GLH 1RWZHQGLJNHLW EHULHWHQ VLH GHQ7XJHQGHQ]XUFN]XJHZLQQHQ 'HU/HKUHUZDUVHKU]XIULHGHQJHZHVHQXQGDP(QGHMHQHV-DKUHV DOVGLHDQGHUHQ-XQJHQXQG0lGFKHQZHLWHUKLQLKUHREHUIOlFKOLFKHQ /HNWLRQHQ LP /HVHQ 6FKUHLEHQ XQG LQ 0RUDO HUKLHOWHQ ZDU HU LQ HLQH 6SH]LDONODVVH YHUVHW]W ZRUGHQ ZR HU $ULWKPHWLN *DODNWRJUDSKLH XQG VDUNLWLVFKH *HVFKLFKWH OHUQWH 0LW VHFK]HKQ -DKUHQZDUHUQDFK6DUNJHNRPPHQ (U NRQQWH VLFK QRFK GHXWOLFK DQ MHQHQ 7DJ HULQQHUQ XQG GHU *HGDQNH GDUDQ OLH LKQ VFKDPURW ZHUGHQ 7HUHQV QlKHUWH VLFK QXQ GHQ $XHQEH]LUNHQ GHU 6WDGW (LQ :LQGKDXFK WUXJ LKP GHQ VFKZHUHQ 1DFKWJHUXFK GHU .\UWEOWHQ ]X 1XU QRFK HLQLJH 0LQXWHQ GDQQ ZUGH HU GUDXHQ LQ GHU UHODWLYHQ 6LFKHUKHLW GHU RIIHQHQ )HOGHU VHLQ ZR NHLQH 3ROL]HLVWUHLIHQ LKUH 5XQGHQ JLQJHQ XQG ZR HU GXUFK GLH ]HUIHW]WHQ 1DFKWZRONHQ ZLHGHU GLH 6WHUQH VHKHQ N|QQWH DXFK GHQ KDUWHQ KHOOJHOEHQ 6WHUQ GHU GLH 6RQQH 6DUNVZDU 'LHVHU6WHUQZDU VHLQKDOEHV/HEHQODQJVHLQH6RQQHJHZHVHQ$OV HULKQ]XPHUVWHQPDOGXUFKGLH/XNHHLQHV5DXPVFKLIIHVVDKQLFKW PHKU DOV 6WHUQ VRQGHUQ DOV HLQH XQHUWUlJOLFK KHOOH NOHLQH .XJHO ZROOWH HU QLHGHUNQLHQ 'HU *HGDQNH GD HU VLFK GHP !3DUDGLHV QlKHUWH EHVHLWLJWH VRJDU GLH OlKPHQGH )XUFKW YRQ VHLQHP HUVWHQ :HOWUDXPIOXJ (U ZDU DXI GHP !3DUDGLHV JHODQGHW ZXUGH HLQHP DOWHQ )ORULQLHU EHUJHEHQ GHU GDIU VRUJWH GD HU JHEDGHW XQG RUGHQWOLFK JHNOHLGHWZXUGHXQGDXIGHP:HJGRUWKLQYHUEHXJWHVLFKGHU$OWH WLHIYRUHLQHU*HVWDOWGLHYRUEHUJLQJ ª9HUEHXJGLFK©]LVFKWHGHU$OWH 7HUHQVWDWHVª:HUZDUGDV"©IUDJWHHUGDQQYHUZLUUW ª(LQ*URKHUUGXLJQRUDQWHU%DXHUQOPPHO© ª(U"(LQ*URKHUU"© (U EOLHE ZLH DQJHZXU]HOW VWHKHQ XQG GHU $OWH PXWH LKQ ZHLWHU]HUUHQ (U KDWWH ]XP HUVWHQPDO HLQHQ *URKHUUQ JHVHKHQ (U ZDU QLFKW VHFKV 0HWHU JUR VRQGHUQ HLQ 0DQQ ZLH DOOH 0lQQHU $QGHUH IORULQLVFKH -XQJHQ PRFKWHQ YLHOOHLFKW GHQ 6FKRFN HLQHU

VROFKHQ(UQFKWHUXQJEHUZLQGHQDEHUQLFKW7HUHQV :lKUHQG VHLQHU JDQ]HQ$XVELOGXQJV]HLW ZlKUHQG DOOHU 6WXGLHQ LQ GHQHQ HU VR JXW YRUDQNDP YHUJD HU QLH GD GLH *URKHUUHQ 0HQVFKHQZDUHQ =HKQ-DKUHODQJVWXGLHUWHHUXQGZHQQHUJHUDGHQLFKWVWXGLHUWHXQG ZHGHU D QRFK VFKOLHI GDQQ OHKUWH PDQ LKQ VLFK PLW DOOHUOHL .OHLQLJNHLWHQ QW]OLFK ]X PDFKHQ 0DQ OHKUWH LKQ %RWVFKDIWHQ ]X EHUEULQJHQ XQG 3DSLHUN|UEH ]X OHHUHQ VLFK WLHI ]X YHUEHXJHQ ZHQQ HU HLQHP *URKHUUQ EHJHJQHWH XQG GDV *HVLFKW UHVSHNWYROO DE]XZHQGHQZHQQGLH'DPHHLQHV*URKHUUQYRUEHUJLQJ )QIZHLWHUH-DKUHODQJDUEHLWHWHHULP6WDDWVGLHQVWXQGZXUGHZLH HV EOLFK ZDU YRQ 3RVWHQ ]X 3RVWHQ YHUVHW]W GDPLW VHLQH )lKLJNHLWHQ XQWHU GHQ YHUVFKLHGHQVWHQ %HGLQJXQJHQ JHSUIW ZHUGHQNRQQWHQ (LQPDOEHVXFKWHLKQHLQJHGUXQJHQHU)ORULQLHUOlFKHOWHIUHXQGOLFK NORSIWH LKP DXI GLH 6FKXOWHU XQG IUDJWH LKQ ZLH HU EHU GLH *URKHUUHQGlFKWH 7HUHQVXQWHUGUFNWHGHQ:XQVFKGDYRQ]XODXIHQ(UIUDJWHVLFKRE VLFK VHLQH *HGDQNHQ LQ LUJHQGHLQHU *HKHLPVFKULIW LQ VHLQH *HVLFKWV]JH JHSUlJW KDEHQ NRQQWHQ (U ]XFNWH GLH $FKVHOQ XQG PXUPHOWHHLQSDDU%DQDOLWlWHQEHUGLH*WHGHU*URKHUUHQ 'RFK GHU JHGUXQJHQH 0DQQ YHU]RJ GDV *HVLFKW XQG VDJWH ª'DV PHLQVW GX QLFKW HKUOLFK .RPP KHXWH DEHQG GRUWKLQ© (U JDE LKP HLQH NOHLQH 9LVLWHQNDUWH GLH VLFK QDFK ZHQLJHQ 0LQXWHQ DXIO|VWH 7HUHQV JLQJ KLQ(UIUFKWHWHVLFKDEHUHUZDUQHXJLHULJ'RUWWUDI HU)UHXQGHGLHLKQPLWJHKHLPQLVYROOHQ$XJHQDQEOLFNWHQ(UK|UWH VLFK DQ ZDV VLH ]X VDJHQ KDWWHQ XQG VWHOOWH IHVW GD YLHOH GDV ]X JODXEHQ VFKLHQHQ ZDV HU VHOEVW LP JHKHLPHQ GDFKWH XQG YRQ GHP HUEHU]HXJWZDUHVVHLHQVHLQHHLJHQHQ*HGDQNHQ (U HUIXKU GD ]XPLQGHVW HLQLJH )ORULQLHU GLH *URKHUUHQ IU QLHGHUWUlFKWLJH HLJHQQW]LJH 6FKHXVDOH KLHOWHQ GLH )ORULQD DXVEHXWHWHQXQGGLH(LQKHLPLVFKHQLQ8QZLVVHQXQG$UPXWGDUEHQ OLHHQ (U HUIXKU GD GLH =HLW QLFKW PHKU IHUQ VHL LQ GHU VLFK HLQ JHZDOWLJHU$XIVWDQGJHJHQ6DUNHUKHEHQZUGHXQGDOOHU5HLFKWXP )ORULQDVVHLQHQUHFKWPlLJHQ(LJHQWPHUQ]XIOLHHQZHUGH :LH GDV JHVFKHKHQ VROOWH IUDJWH 7HUHQV 6FKOLHOLFK KlWWHQ GLH *URKHUUHQ XQGGLH3ROL]HLGLH:DIIHQ 8QGVLHHU]lKOWHQLKPEHU7UDQWRUGDVJLJDQWLVFKH5HLFKGDVVLFK LQQHUKDOE GHU OHW]WHQ -DKUKXQGHUWH VR ZHLW DXVJHGHKQW KDWWH GD LKP QXQ GLH +lOIWH DOOHU EHZRKQWHQ 3ODQHWHQ GHU 0LOFKVWUDH DQJHK|UWH 7UDQWRU VDJWHQ VLH ZUGH 6DUN PLW +LOIH GHU )ORULQLHU ]HUVW|UHQ $EHU PHLQWH 7HUHQV ZHLWHU ZHQQ 7UDQWRU VR JUR XQG )ORULQD VR NOHLQ VHL ZUGH 7UDQWRU GDQQ QLFKW HLQIDFK GLH 6WHOOH 6DUNV EHUQHKPHQ DOV QRFK JU|HUHU XQG QRFK W\UDQQLVFKHUHU

+HUU" :HQQ GLHV GHUHLQ]LJH$XVZHJVHLZlUH6DUNYRU]X]LHKHQ/LHEHU HLQHQ0HLVWHUGHQPDQNDQQWHDOVHLQHQGHQPDQQLFKWNDQQWH(U ZXUGH GDUDXIKLQ DXV GHP .UHLV DXVJHVWRHQ XQG ]ZDU XQWHU 'URKXQJHQ JHJHQ VHLQ /HEHQ ZHQQ HU MHGDUEHUVSUHFKHQZUGH ZDVHUJHK|UWKDWWH 1DFK HLQLJHU =HLW ILHO LKP DXI GD GLH 9HUVFKZ|UHU QDFKHLQDQGHU VSXUORV YHUVFKZDQGHQ ELV QXU QRFK GHU JHGUXQJHQH 0DQQ EULJEOLHE 'LHVHQVDKHUJHOHJHQWOLFKKLHUXQGGRUWPLWHLQHP1HXDQN|PPOLQJ WXVFKHOQDEHUHVZlUHIU7HUHQV]XJHIlKUOLFKJHZHVHQGDVMXQJH 2SIHU GDUDXI DXIPHUNVDP ]X PDFKHQ GD HV HLQHU 3UIXQJ XQWHU]RJHQZXUGH-HGHUPXWHVHLQHQHLJHQHQ:HJILQGHQ 7HUHQV ZDU VRJDU HLQLJH =HLW LP 6LFKHUKHLWVPLQLVWHULXP WlWLJ ]X GHP QXU VHKU ZHQLJH )ORULQLHU =XWULWW HUKLHOWHQ (V ZDU DOOHUGLQJV HLQ NXU]HU $XIHQWKDOW GHQQ GLH 0DFKW EHU GLH HLQ $QJHVWHOOWHU GHV6LFKHUKHLWVPLQLVWHULXPVYHUIJWHZDU]XJURDOVGDPDQVLH HLQHPHLQ]HOQHQOlQJHUH=HLWEHUODVVHQNRQQWH +LHU VWHOOWH 7HUHQV ]X VHLQHU hEHUUDVFKXQJ IHVW GD HV WDWVlFKOLFK DXFK HFKWH 9HUVFKZ|UXQJHQ JDE $XI )ORULQD SODQWHQ DE XQG ]X 0lQQHU XQG )UDXHQ HLQHQ $XIVWDQG 'LH PHLVWHQ ZXUGHQ GXUFK WUDQWRULQLVFKH*HOGHUXQWHUVWW]W(LQLJHJODXEWHQLP(UQVW)ORULQD N|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lKUHQGGHUJDQ]HQ-DKUHEHVFKlIWLJWDOV 6WXGHQWDOVNOHLQHU%HDPWHUDOV2UWVYHUZDOWHU 8QG GDQQ KDWWH LKP GHU =XIDOO HLQ 0DFKWPLWWHO LQ GLH +lQGH JHVSLHOWGDVHUVLFKQLFKWHLQPDOHUWUlXPWKDWWHQlPOLFKLQ3HUVRQ GLHVHV XQVFKHLQEDUHQ 0DQQHV GHU IUKHU HLQ 5DXPDQDO\WLNHU ZDU XQG GHU QXQ VWDPPHOWH GDV /HEHQ HLQHV MHGHQ 0DQQHV XQG HLQHU MHGHQ)UDXDXI)ORULQDVHLEHGURKW 7HUHQVJLQJQXQGXUFKGLH)HOGHU'HU1DFKWUHJHQK|UWHJHUDGHDXI XQG GLH 6WHUQH VFKLPPHUWHQ ]ZLVFKHQ GHQ :RONHQ (U DWPHWH WLHI

GHQ'XIWGHV.\UWHLQGHU)ORULQDV6FKDW]XQG)OXFK]XJOHLFKZDU 7HUHQV JDE VLFK NHLQHQ ,OOXVLRQHQ KLQ (U ZDU NHLQ 2UWVYHUZDOWHU PHKU(UZDUQLFKWHLQPDOHLQIUHLHUIORULQLVFKHU%DXHU(UZDUHLQ 9HUEUHFKHUDXIGHU)OXFKW(UPXWHVLFKYHUVWHFNHQ 7URW]GHP JDE HU QLFKW DXI :lKUHQG GHU OHW]WHQ YLHUXQG]ZDQ]LJ 6WXQGHQ KDWWH HU GLH ZLUNVDPVWH :DIIH JHJHQ 6DUN LQ +lQGHQ JHKDEW GLH HU VLFK GHQNHQ NRQQWH (V EHVWDQG NHLQ =ZHLIHO (U ZXWHGDGDVZRUDQVLFK5LNHULQQHUWHLKP0DFKWYHUOLHK 'RFKQXQZDU5LNLQGHQGLFNHQ+lQGHQHLQHV0DQQHVGHUVLFKDOV IORULQLVFKHU 3DWULRW DXVJDE XQG LQ :LUNOLFKNHLW HLQ WUDQWRULQLVFKHU $JHQWZDU7HUHQVKDWWHNHLQHQ$XJHQEOLFNGDUDQJH]ZHLIHOW 'HQQ ZHOFKHU %HZRKQHU GHU XQWHUHQ 6WDGW KlWWH GDV *HOG JHKDEW $WWUDSSHQ(OHNWURQHQ|IHQ]XEDXHQ" 7HUHQV NRQQWH QLFKW ]XODVVHQ GD 5LN LQ GLH +lQGH 7UDQWRUV ILHO XQG HU ZROOWH ELV ]XP lXHUVWHQ JHKHQ (U KDWWH VLFK RKQHKLQ EHUHLWVGLH7RGHVVWUDIH]XJH]RJHQ 'HU +LPPHO EHJDQQ VFKZDFK ]X JOKHQ 7HUHQV ZROOWH GLH 'lPPHUXQJ DEZDUWHQ 'LH YHUVFKLHGHQHQ 3ROL]HLVWDWLRQHQ KDWWHQ ZDKUVFKHLQOLFK OlQJVW VHLQHQ 6WHFNEULHI HUKDOWHQ $EHU HV ZUGH HLQLJH0LQXWHQGDXHUQELVVLHVHLQH5FNNHKUIHVWVWHOOWHQ :lKUHQGGLHVHUSDDU0LQXWHQZROOWHHUQRFKHLQPDO2UWV9HUZDOWHU VHLQ (U ZROOWH HWZDV WXQ DQ GDV HU VHOEVW QRFK QLFKW ]X GHQNHQ ZDJWH =HKQ6WXQGHQQDFKGHP-XQ]PLWGHP6HNUHWlULP0LQLVWHULXPIU )ORULQLVFKH $QJHOHJHQKHLWHQ JHVSURFKHQ KDWWH WUDI HU VLFK HUQHXW PLW/XGLJDQ$EHO'HU%RWVFKDIWHUEHJUWHLKQK|IOLFKZLHLPPHU ZDUMHGRFKVLFKWOLFKEHXQUXKLJW%HLLKUHPHUVWHQ=XVDPPHQWUHIIHQ YRU IDVW HLQHP -DKU KDWWH HU GHP $QOLHJHQ -XQ] NHLQH EHVRQGHUH $XIPHUNVDPNHLW JHVFKHQNW 6HLQ HLQ]LJHU *HGDQNH ZDU GDPDOV :LUGRGHUNDQQGLHVH$QJHOHJHQKHLW7UDQWRUQW]HQ" 7UDQWRU(UGDFKWHVWHWV]XHUVWDQ7UDQWRUREZRKOHUNHLQHVZHJVVR W|ULFKW ZDU HLQH =XVDPPHQEDOOXQJ YRQ 6WHUQHQ ]X YHUHKUHQ RGHU VLFK IU GDV (PEOHP PLW 5DXPVFKLII XQG 6RQQH GDV GLH WUDQWRULQLVFKHQ6WUHLWNUlIWHWUXJHQ]XEHJHLVWHUQ.XU]HUZDUNHLQ 3DWULRW LP EOLFKHQ 6LQQ GHV :RUWHV XQG 7UDQWRU DOV VROFKHV EHGHXWHWHZHQLJIULKQ $EHUHUOLHEWHGHQ)ULHGHQ8QGGLHVXPVRPHKUMHlOWHUHUZXUGH (U JHQR VHLQ *ODV :HLQ VHLQH PLW VDQIWHU 0XVLN XQG 3DUIP JHVlWWLJWH $WPRVSKlUH VHLQ 1DFKPLWWDJVVFKOlIFKHQ XQG GLH UXKLJH (UZDUWXQJ GHV 7RGHV 6R JODXEWH HU PWHQ DOOH 0HQVFKHQ HPSILQGHQ $EHU GLH 0HQVFKHQ OLWWHQ XQWHU .ULHJ XQG =HUVW|UXQJ VLH VWDUEHQ HUIURUHQ LP 9DNXXP GHV :HOWUDXPV ]HUVWlXEW LP 'UXFN GHU $WRPH[SORVLRQHQ DXVJHKXQJHUW DXI EHODJHUWHQ XQG

ERPEDUGLHUWHQ3ODQHWHQ :LH DOVR GHQ )ULHGHQ HU]ZLQJHQ" :HGHU GXUFK 9HUQXQIW QDWUOLFK QRFK GXUFK (U]LHKXQJ 'HQQ ZHOFKHV $UJXPHQW VROOWH GHQ 0HQVFKHQ EHU]HXJHQ ZHQQ HUPLWHLJHQHQ$XJHQGLH)ROJHQGHV )ULHGHQV XQG GLH )ROJHQ GHV .ULHJHV VLHKW XQG GHQQRFK GHQ OHW]WHUHQ GHP HUVWHUHQ YRU]LHKW" :DV N|QQWH EHUHGWHU JHJHQ GHQ .ULHJ VSUHFKHQ DOV GHU .ULHJ VHOEVW" :HOFKHV 0HLVWHUVWFN GHU 'LDOHNWLN KlWWH DXFK QXU HLQHQ %UXFKWHLO GHU hEHU]HXJXQJVNUDIW JHJHQEHU HLQHP HLQ]LJHQ DXVJHEUDQQWHQ 5DXPVFKLII PLW GHVVHQ JHLVWHUKDIWHU)UDFKW"'HVKDOEEOLHEXPGHQ0LEUDXFKGHU*HZDOW ]XEHHQGHQQXUGLH*HZDOWVHOEVW ,Q $EHOV $UEHLWV]LPPHU VWDQG HLQ 0RGHOO YRQ 7UDQWRU GDV GHQ (UIROJ GLHVHU *HZDOW YHUDQVFKDXOLFKWH (V ZDU HLQ NODUHU .ULVWDOORYRLG LQ GHP GLH OLQVHQI|UPLJH *DOD[LV GUHLGLPHQVLRQDO GDUJHVWHOOW ZDU LKUH 6WHUQH ZDUHQ DXV ZHLHP 'LDPDQWVWDXE GLH 1HEHO ZDUHQ /LFKWIOHFNHQ RGHU GXQNOHU 'XQVW XQG LQ GHU 0LWWH ZDUHQ HLQLJH URWH 3XQNWH GLH GLH HLQVWPDOLJH WUDQWRULQLVFKH 5HSXEOLN EH]HLFKQHWHQ 6LH KDWWH YRU IQIKXQGHUW -DKUHQ QXU DXV IQI3ODQHWHQEHVWDQGHQ 'LHVHV 6WDGLXP ]HLJWH GDV 0RGHOO QXU ZHQQ PDQ GLH YRU LKP DQJHEUDFKWH :lKOVFKHLEH DXI 1XOO HLQVWHOOWH 'UHKWH PDQ VLH XP HLQH .HUEH ZHLWHU VR VDK PDQ GDV $EELOG GHU *DOD[LV ZLH HV IQI]LJ -DKUH VSlWHU ZDU (LQ %QGHO YRQ +LPPHOVN|USHUQ U|WHWH VLFKULQJVXPGLHWUDQWRULQLVFKH5HSXEOLN ,Q ]HKQ 6WDGLHQ JLQJ HLQ KDOEHV -DKUWDXVHQG YRUEHU XQG GDV 5RW EUHLWHWH VLFK ZLH HLQ YHUODXIHQGHU %OXWIOHFN EHU GLH +lOIWH GHU *DOD[LVDXV (V ZDU GDV 5RW GHV %OXWHV ZLH HV LQ :LUNOLFKNHLW LP WUDQWRULQLVFKHQ 5HLFK YHUJRVVHQ ZRUGHQ ZDU $OV DXV GHU WUDQWRULQLVFKHQ 5HSXEOLN GLH WUDQWRULQLVFKH .RQI|GHUDWLRQ XQG VFKOLHOLFKGDVWUDQWRULQLVFKH,PSHULXPZXUGHIKUWHGHU:HJEHU HLQH 8Q]DKO YHUEUDQQWHU 0HQVFKHQ YHUEUDQQWHU 5DXPVFKLIIH XQG YHUEUDQQWHU 3ODQHWHQ $EHU LQQHUKDOE GHV URWHQ *HELHWHV KHUUVFKWH )ULHGHQ1XQVWDQG7UDQWRUDEHUPDOVYRUHLQHUQHXHQ8PZDQGOXQJ $XV GHP WUDQWRULQLVFKHQ ,PSHULXP VROOWH HLQ JDODNWLVFKHV ,PSHULXP ZHUGHQ GDQQ ZUGH GDV 5RW DOOH 6WHUQH YHUVFKOLQJHQ XQG GDQQ ZlUH )ULHGHQ 3D[ 7UDQWRULFD 'DV ZROOWH $EHO 9RU IQIKXQGHUW -DKUHQYRUYLHUKXQGHUWVHOEVWQRFKYRU]ZHLKXQGHUW-DKUHQKlWWHHU VLFK JHJHQ 7UDQWRU DXIJHOHKQW JHJHQ GDV PDWHULDOLVWLVFKH DJJUHVVLYH6WDDWVZHVHQRKQH5FNVLFKWDXIGLH5HFKWHGHUDQGHUHQ 8QG HV ZDU LP HLJHQHQ %HUHLFK VHOEVW QLFKW GHPRNUDWLVFK JHQXJ XQG GRFK VFKQHOO GDEHL GLH 6NODYHUHL EHL GHQ DQGHUHQ ]X YHUXUWHLOHQ$EHUGLH=HLWZDUGDUEHUKLQZHJJHJDQJHQ

$EHO ZDU QLFKW IU 7UDQWRU DEHU IU GDV DOOXPIDVVHQGH (QGH GHV .ULHJHVGDV7UDQWRUUHSUlVHQWLHUWH'DKHUZXUGHGLH)UDJH ZLUG GLHV RGHU MHQHV ]XP JDODNWLVFKHQ )ULHGHQ EHLWUDJHQ JDQ] QDWUOLFKHUZHLVH ]XU )UDJH .DQQ GLHV 7UDQWRU QW]HQ" -HGRFK LP )DOO GHV YHUPLWHQ 5DXPDQDO\WLNHUV ZDU HU GHVVHQ NHLQHVZHJV VLFKHU )U -XQ] ZDU GLH /|VXQJ HLQIDFK 7UDQWRU VROOWH GDV ,5% XQWHUVWW]HQ XQG 6DUN EHVWUDIHQ :HQQ 6DUN WDWVlFKOLFK QDFKJHZLHVHQ ZHUGHQ NRQQWH GD HV GHQ5DXPDQDO\WLNHUEHVHLWLJW KDWWH ZlUH GLHVH /|VXQJ P|JOLFKHUZHLVH GLH ULFKWLJH JHZHVHQ YLHOOHLFKW DEHU DXFK QLFKW 8QG JDQ] JHZL QLFKW ZHQQ QLFKWV EHZLHVHQZHUGHQNRQQWH7UDQWRUGXUIWHMHGHQIDOOVNHLQHEHUHLOWHQ 0DQDKPHQ HUJUHLIHQ 'LH JDQ]H 0LOFKVWUDH NRQQWH VHKHQ GD VLFK 7UDQWRU DXI GHU 6FKZHOOH ]XU JDODNWLVFKHQ +HUUVFKDIW EHIDQG XQG HV EHVWDQG LPPHU QRFK GLH 0|JOLFKNHLW GD VLFKGLHEULJHQ QLFKWWUDQWRULQLVFKHQ3ODQHWHQJHJHQ7UDQWRU]XVDPPHQVFKO|VVHQ 7UDQWRU NRQQWH DXFK HLQHQ VROFKHQ .ULHJ JHZLQQHQ DEHU ZDKUVFKHLQOLFK QXU ]X HLQHP 3UHLV EHL GHP !6LHJ QLFKWV DOV HLQ VFKPHLFKHOKDIWHUHV:RUWIU!1LHGHUODJHZDU 'HVKDOEGXUIWH7UDQWRULQGLHVHPOHW]WHQ6WDGLXPGHV6SLHOVNHLQHQ XQEHGDFKWHQ 6FKULWW WXQ 8QG GHVKDOE ZDU $EHO ODQJVDP YRUJHJDQJHQKDWWHVHLQH1HW]HEHUGDV/DE\ULQWKGHUVDUNLWLVFKHQ 9HUZDOWXQJ JHZRUIHQ XQG PLW HLQHP /lFKHOQ DXI GHQ /LSSHQ VRQGLHUW JHKRUFKW RKQH DOV +RUFKHU ]X HUVFKHLQHQ (U YHUVlXPWH DXFK QLFKW -XQ] VHOEVW EHUZDFKHQ ]X ODVVHQ GDPLW GHU ]RUQLJH /LEDLUDQHU QLFKW LQ HLQHU 0LQXWH HLQHQ 6FKDGHQ DQULFKWHQ NRQQWH GHQ$EHOQLFKWLQHLQHP-DKUZUGHEHKHEHQN|QQHQ $EHO ZXQGHUWH VLFK EHU GHQ EHKDUUOLFKHQ =RUQ GHV /LEDLUDQHUV (LQPDO KDWWHHULKQJHIUDJWª:DUXPPDFKHQ6LHHLJHQWOLFKZHJHQ HLQHVYHUPLWHQ5DXPDQDO\WLNHUVVROFKHLQ7KHDWHU"© (U KDWWH HUZDUWHW HLQH 5HGH EHU GLH 8QDQWDVWEDUNHLW GHV ,5% ]X K|UHQXQGEHUGLH3IOLFKWMHGHV6WDDWHVGDV%UR]XXQWHUVWW]HQ QLFKW DOV ,QVWUXPHQW GLHVHV RGHU MHQHV 3ODQHWHQ VRQGHUQ DOV ,QVWUXPHQWGHUJHVDPWHQ0HQVFKKHLW 'LHVH $QVSUDFKH K|UWH $EHO QLFKW 6WDWW GHVVHQ VDJWH -XQ] VWLUQUXQ]HOQG ª:HJHQ GLHVHV JDQ]HQ VFKPXW]LJHQ 9HUKlOWQLVVHV ]ZLVFKHQ6DUNXQG)ORULQD,FKP|FKWHGLHVHV9HUKlOWQLVDQV/LFKW EULQJHQXQG]HUVW|UHQ© $EHO KlWWH VLFK JHUQ DQ GHQ .RSI JHJULIIHQ ,PPHU XQG EHUDOO EHVFKlIWLJWH PDQ VLFK PLW GHQ 3UREOHPHQ XQG 5LYDOLWlWHQ GHU HLQ]HOQHQ3ODQHWHQXQGYHUKLQGHUWHGDGXUFKMHJOLFKH.RQ]HQWUDWLRQ DXI GLH JDODNWLVFKH (LQKHLW *HZL JDE HV KLHU XQG GRUW VR]LDOH 8QJHUHFKWLJNHLWHQ JHZL VFKLHQHQ VLH PDQFKPDO XQHUWUlJOLFK $EHUNRQQWHQVROFKH3UREOHPHMHDQGHUVDOVDXIJDODNWLVFKHU(EHQH JHO|VW ZHUGHQ" =XHUVW PXWH GHP .ULHJ XQG GHU QDWLRQDOHQ

5LYDOLWlW HLQ (QGH EHUHLWHW ZHUGHQ GDQQ HUVW NRQQWH PDQ VLFK GHQ LQWHUQHQ hEHOVWlQGHQ ]XZHQGHQ GHUHQ +DXSWXUVDFKH VFKOLHOLFK GLHlXHUHQ.RQIOLNWHZDUHQ 8QG -XQ] VWDPPWH QLFKW HLQPDO YRQ )ORULQD (U KDWWH QLFKW HLQPDO GLHVHQ*UXQGIUNXU]VLFKWLJH6HQWLPHQWDOLWlWHQ ª:DVEHGHXWHW,KQHQ)ORULQD"© ª,FKIKOHPLFKPLWLKPYHUEXQGHQ©VDJWH-XQ]]|JHUQG ª$EHU 6LH VLQG GRFK /LEDLUDQHU :HQLJVWHQV KDEH LFK GHQ (LQGUXFN© ª-D$EHUJHUDGHGDOLHJWGLH9HUZDQGWVFKDIW:LUVLQG([WUHPHLQ HLQHU*DOD[LVGHV'XUFKVFKQLWWV© ª([WUHPH"'DVYHUVWHKHLFKQLFKW© ª:DV GLH +DXWIDUEH DQEHWULIIW© VDJWH -XQ] ª'LH )ORULQLHU VLQG XQJHZ|KQOLFK KHOO ZLU VLQG XQJHZ|KQOLFK GXQNHO 'DV JLEW XQV HWZDV *HPHLQVDPHV VRJDU GDULQ GD ZLU RIW JHQXJ YRQ GHU JHVHOOVFKDIWOLFKHQ 0HKUKHLW DXVJHVWRHQ ZXUGHQ :LU VLQG %UGHU LQGHU9HUVFKLHGHQDUWLJNHLW© +LHU KLHOW -XQ] SO|W]OLFK LQQH 'DV 7KHPD ZXUGH QLH ZLHGHU EHUKUW 8QG QXQ QDFK HLQHP -DKU DOV PDQ EHUHLWV HUZDUWHQ NRQQWHGDGLHJDQ]H$QJHOHJHQKHLWLP6DQGYHUOLHIXQGDOVVRJDU -XQ] (LIHU]XHUODKPHQVFKLHQEHJDQQGLH$IIlUHYRQQHXHP $EHOVWDQGQXQ HLQHPDQGHUHQ-XQ]JHJHQEHUHLQHP-XQ]GHVVHQ =RUQ VLFK QLFKW DOOHLQ DXI 6DUN EHVFKUlQNWH VRQGHUQ DXFK $EHO HLQVFKOR ª,FK lUJHUH PLFK QLFKW GDUEHU GD 6LH PLU ,KUH $JHQWHQ DXI GLH )HUVHQ JHVHW]W KDEHQ 9HUPXWOLFK PVVHQ 6LH YRUVLFKWLJ VHLQ XQG GUIHQ VLFK DXI QLFKWV XQG QLHPDQGHQ YHUODVVHQ 6FK|Q XQG JXW DEHU ZDUXP KDEHQ 6LH PLFK QLFKW VRIRUW LQIRUPLHUW DOV ,KU $JHQW XQVHUHQ0DQQKDWWH"© $EHOV +DQG VWULFK EHU GHQ ZHLFKHQ 6WRII VHLQHU 6WXKOOHKQH ª'LH 'LQJH VLQG VHKU NRPSOL]LHUW ,FK KDWWH HV VR DUUDQJLHUW GD MHGHU %HULFKW EHU HLQH 1DFKIUDJH QDFK UDXPDQDO\WLVFKHQ %FKHUQ QLFKW QXU DQ 6LH VRQGHUQ DXFK DQ HLQLJH PHLQHU $JHQWHQ ZHLWHUJHJHEHQ ZLUG$XI)ORULQDMHGRFK© ª-D© VDJWH -XQ] ELWWHU ª:LU ZDUHQ 1DUUHQ GD ZLU QLFKW GDUDQ GDFKWHQ (U PXWH DXI )ORULQD VHLQ :LU ZDUHQ PLW %OLQGKHLW JHVFKODJHQ,PPHUKLQKDEHQZLULKQMHW]W9LHOPHKU6LHKDEHQLKQ $EHU YHUPXWOLFK ZHUGHQ 6LH HV VR HLQULFKWHQ GD LFK LKQ EDOG VHKHQNDQQ"© $EHO ZLFK HLQHU $QWZRUW DXV ª6LH VDJHQ PDQ KDEH ,KQHQ PLWJHWHLOW GD GLHVHU .KRURY HLQ WUDQWRULQLVFKHU $JHQW JHZHVHQ VHL"©ª,VWHUHVHWZDQLFKW":DUXPVROOWHQVLHOJHQ2GHUVLQGVLH IDOVFKLQIRUPLHUW"© ª6LH OJHQ QLFKW XQG VLH VLQG QLFKW IDOVFK LQIRUPLHUW .KRURY ZDU

VHLW]HKQ-DKUHQXQVHU$JHQWXQGHVLVWIUPLFKEHXQUXKLJHQGGD HV GLH 6DUNLWHQ ZXWHQ ,FK IUDJH PLFK ZDV VLH QRFK ZLVVHQ XQG ZLHJHEUHFKOLFKXQVHUJDQ]HV*HElXGHEHUKDXSWLVW$EHUZXQGHUW HV 6LH QLFKW GD PDQ ,KQHQ RIIHQ JHVDJW KDW GD .KRURY HLQHU XQVHUHU0lQQHUZDU"© ª:HLOHVGHQ7DWVDFKHQHQWVSULFKWQHKPHLFKDQ8QGXPPLFKHLQ IU DOOHPDO GDYRQ DE]XKDOWHQ VLH PLW)RUGHUXQJHQLQ9HUOHJHQKHLW ]X EULQJHQ GLH 6FKZLHULJNHLWHQ ]ZLVFKHQ 6DUN XQG 7UDQWRU KHUYRUUXIHQN|QQWHQ© ª)DOVFK 'LH :DKUKHLW LVW QLFKW VHKU DQJHVHKHQ XQWHU GHQ 'LSORPDWHQ :HOFKH QRFK JU|HUH 6FKZLHULJNHLW N|QQWHQ VLFK GLH 6DUNLWHQ EHUHLWHQ DOV XQV GDV $XVPD LKUHU .HQQWQLVVH EHU XQVHU 6SLRQDJHV\VWHP ZLVVHQ ]X ODVVHQ XQG XQV GDGXUFK HKH HV ]X VSlW LVW *HOHJHQKHLW ]X JHEHQ XQVHU ]HUVW|UWHV 1HW] HLQ]X]LHKHQ DXV]XEHVVHUQXQGZLHGHUQHXDXV]XZHUIHQ"© ª:HUDOVRGDQQ"© ª(V ZDU HLQH *HVWH GHV 7ULXPSKV ZHLO HV IU GLH 6DUNLWHQ XQJHIlKUOLFK ZDU ,KQHQ PLW]XWHLOHQ GD VLH .KRURYV ,GHQWLWlW NDQQWHQ,FKZHLGDVQlPOLFKEHUHLWVVHLW]Z|OI6WXQGHQ© ª:RKHU"© ª'XUFK GLH XQPLYHUVWlQGOLFKVWH $QGHXWXQJ GLH HV JHEHQ NRQQWH +|UHQ 6LH ]X 9RU ]Z|OI 6WXQGHQ ZXUGH 0DWW .KRURY $JHQW IU 7UDQWRU YRQ HLQHP 0LWJOLHG GHU IORULQLVFKHQ 3ROL]HL JHW|WHW 'LH EHLGHQ )ORULQLHU GLH ]X MHQHU =HLW LQ .KRURYV 2EKXW ZDUHQ HLQH )UDX XQG HLQ 0DQQ GHU DOOHU :DKUVFKHLQOLFKNHLW QDFK GHU 5DXPDQDO\WLNHU LVW GHQ 6LH VXFKHQ VLQG YHUVFKZXQGHQ 6LH VLQG YHUPXWOLFKLQGHQ+lQGHQGHU6DUNLWHQ© $EHO KRE ODQJVDP GDV *ODV DQ GLH /LSSHQ XQG VDJWH ª,FK NDQQ RIIL]LHOOQLFKWVXQWHUQHKPHQ.KRURYZDU)ORULQLHUXQGGLHEHLGHQ 9HUPLWHQ VLQG VRIHUQ ZLU QLFKW GDV *HJHQWHLO EHZHLVHQ N|QQHQ HEHQIDOOV )ORULQLHU 6LH VHKHQ ZLU VLQG EHUVSLHOW ZRUGHQ XQG ZHUGHQQXQGD]XQRFKYHUK|KQW©

'HU3ROL]HLEHDPWH 5LNVDKZLHGHU%lFNHU]XVDPPHQEUDFKXQGVLFKLQHLQUDXFKHQGHV +lXIFKHQ $VFKH YHUZDQGHOWH 'HU $QEOLFN EHWlXEWH LQ LKP GLH (ULQQHUXQJDQIDVWDOOHVZDVGHPYRUDQJHJDQJHQZDU 1XU XQGHXWOLFK HULQQHUWH HU VLFK GDUDQ ZLH VLFK GHU 3ROL]HLEHDPWH JHQlKHUW XQG PLW HLQHU ODQJVDPHQ DEHU VLFKHUHQ %HZHJXQJ GLH :DIIH JH]FNW KDWWH 'HU %lFNHU KDWWH QRFK GLH /LSSHQ ]X HLQHP

OHW]WHQ :RUW JH|IIQHW GDV HU QLFKW PHKU lXHUQ NRQQWH $OV HV YRUEHUZDUGU|KQWHGDV%OXWLQ5LNV2KUHQXQGGDV.UHLVFKHQGHU 0HQJHGLHQDFKDOOHQ5LFKWXQJHQDXVHLQDQGHUVWRE 'HU 3ROL]HLEHDPWH KDWWH VLFK ]ZLVFKHQ GHQ VFKUHLHQGHQ 0lQQHUQ XQG )UDXHQ GXUFKJHNlPSIW DOV ZlUHQ VLH HLQH NOHEULJH 0DVVH DXV 6FKODPP 5LN XQG 9DORQD ZXUGHQ YRP 6WURP GDYRQJHWUDJHQ 9DORQD GUlQJWH 5LN YRUZlUWV LPPHU ZHLWHU LQ GLH $XHQEH]LUNH GHU 6WDGW (LQH =HLWODQJ ZDU HU ZLHGHU GDV KLOIORVH .LQG YRQ JHVWHUQQLFKWGHUEHLQDKH(UZDFKVHQHGHUHUDP0RUJHQZDU 5LN ZDU LQ GHU )UKH LP IHQVWHUORVHQ 9HUVWHFN LQ GHU %lFNHUHL HUZDFKW/DQJHODJHUGDXQGIRUVFKWHLQVHLQHP*HGlFKWQLV,UJHQG HWZDV ZDU ZlKUHQG GHU 1DFKW JHKHLOW LUJHQG HWZDV KDWWH VLFK ]X HLQHP *DQ]HQ ]XVDPPHQJHIJW 'HU 3UR]H KDWWH YRU ]ZHL 7DJHQ LQ GHU )DEULN EHJRQQHQ 'HU $XVIOXJ LQ GLH REHUH 6WDGW GLH %LEOLRWKHN GHU $QJULII DXI GHQ 3ROL]LVWHQ XQG GLH DQVFKOLHHQGH )OXFKW GDV =XVDPPHQWUHIIHQ PLW GHP %lFNHU DOOHV KDWWH DXI LKQ ZLH HLQ *lUXQJVPLWWHO JHZLUNW 6HLQ *HKLUQ ZDU ]X HLQHU VFKPHU]KDIWHQ$NWLYLWlWJH]ZXQJHQZRUGHQXQGQXQIKOWHHUZLH HVODQJVDPZLHGHU]XDUEHLWHQEHJDQQ (U GDFKWH DQ GHQ :HOWUDXP DQ GLH 6WHUQH DQ XQHQGOLFKH :HLWHQ XQGDQHLQHJURH6WLOOH 6FKOLHOLFKVDJWHHUª/RQD"© 6LHIXKUDXIª5LN:LHIKOVWGXGLFK"© ª$XVJH]HLFKQHW /RQD© (U NRQQWH VHLQH (UUHJXQJ QLFKW XQWHUGUFNHQ ª+|U ]X ,FK HULQQHUH PLFK DQ PHKU ,FK ZDU LQ HLQHP5DXPVFKLIIXQGZHLJHQDX© 6LH VFKOSIWH LQ LKU .OHLG XQG ILQJHUWH GDQQ QHUY|VDP*UWHO6LH K|UWH LKP QLFKW ]X 5LN VSUWH LKUH 1HUYRVLWlW ª,VW HWZDV QLFKW LQ 2UGQXQJ"© ª6VVVVVFK6SULFKQLFKWVRODXW(VLVWDOOHVLQ2UGQXQJ© ª:RLVWGHU2UWVYHUZDOWHU"© ª(UPXWHJHKHQ:DUXPVFKOlIVWGXQLFKWZHLWHU5LN"© ª,FK KDEH DXVJHVFKODIHQ ,FK P|FKWH GHP 2UWV 9HUZDOWHU EHU PHLQ5DXPVFKLIIHU]lKOHQ© 'RFK 7HUHQV ZDU QLFKW GD XQG 9DORQD ZROOWH QLFKW ]XK|UHQ 5LN VHW]WH VLFK DXI (U lUJHUWH VLFK ]XP HUVWHQPDO EHU 9DORQD 6LH EHKDQGHOWHLKQDOVZlUHHUHLQ.LQGZlKUHQGHUVLFKZLHHLQ0DQQ ]XIKOHQEHJDQQ (LQ /LFKWVFKHLQ ILHO LQ GHQ 5DXP XQG PLW LKP NDP GLH EUHLWH *HVWDOW GHV %lFNHUV 6HLQH YROOHQ /LSSHQ YHU]RJHQ VLFK ]X HLQHP /lFKHOQ ª,KU VHLG IUK DXI© .HLQHU DQWZRUWHWH ª$EHU GDV WULIIW VLFKJXW©VDJWHGHU%lFNHUª,KUZHUGHWKHXWHXP]LHKHQ© 9DORQDV0XQGZXUGHWURFNHQª6LHZROOHQXQVGRFKQLFKWHWZDGHU 3ROL]HLEHUJHEHQ"©

6LHHULQQHUWHVLFKDQGLH$UWLQGHUHU5LNLQGHU1DFKWDQJHVHKHQ KDWWH8QGZLHGHUVFKDXWHHUQXU5LNDQª1LFKWGHU3ROL]HL©VDJWH HU ª'LH ULFKWLJHQ /HXWH VLQG YHUVWlQGLJW ZRUGHQ ,KU ZHUGHW EHL LKQHQJXWDXIJHKREHQVHLQ© (UJLQJXQGNDPNXU]GDUDXIPLW/HEHQVPLWWHOQ.OHLGHUQXQG]ZHL 6FKVVHOQ :DVVHU ]XUFN 'LH .OHLGHU ZDUHQ QHX XQG VDKHQ IUHPGDUWLJDXV (UVHW]WHVLFKXQGVDKLKQHQ]XZLHVLHDHQª,FKJHEHHXFKMHW]W QHXH1DPHQXQGHLQHQHXH9HUJDQJHQKHLW+|UWJXW]X,KUGUIWHV QLFKWYHUJHVVHQ,KUVHLGYRQMHW]WDQNHLQH)ORULQLHUPHKUVRQGHUQ %UXGHU XQG 6FKZHVWHU YRP 3ODQHWHQ :RWH[ +DEW LKU YHUVWDQGHQ" ,KUKDEW)ORULQDEHVXFKWZHLOLKU© (U IXKU IRUW IJWH (LQ]HOKHLWHQ KLQ]X VWHOOWH )UDJHQ K|UWH VLFK LKUH$QWZRUWHQDQ 5LN IUHXWH VLFK GD HU ]HLJHQ NRQQWH ZLH JXW VHLQ *HGlFKWQLV DUEHLWHWHZLHOHLFKWHUOHUQWH$EHULQ9DORQDV$XJHQVWDQG)XUFKW 'HP %lFNHU HQWJLQJ GDV QLFKW ª:HQQ GX PLU GLH JHULQJVWHQ 6FKZLHULJNHLWHQPDFKVWVFKLFNHLFKLKQDOOHLQXQGODVVHGLFKKLHU© VDJWH HU 9DORQDV +lQGH YHUNUDPSIWHQ VLFK ª,FK PDFKH NHLQH 6FKZLHULJNHLWHQ© 6FKOLHOLFK VWDQG GHU %lFNHU DXI (U VWHFNWH 5LN XQG /RQD MH HLQ NOHLQHV VFKZDU]HV %ODWW DXV ZHLFKHP .XQVWOHGHU LQ GLH %UXVWWDVFKHQ ª:LUZROOHQJHKHQ© $OV VLHGUDXHQZDUHQEOLFNWH5LNHUVWDXQWDQVLFKKLQDE(UKDWWH QLFKWJHZXWGD.OHLGHUVRNRPSOL]LHUWVHLQNRQQWHQ'HU%lFNHU KDWWHLKPEHLP$Q]LHKHQJHKROIHQ:LHDEHUVROOWHHUVLFKMHRKQH +LOIH DXV]LHKHQ N|QQHQ" 9DORQD KDWWH QLFKW PHKU GLH JHULQJVWH bKQOLFKNHLW PLW HLQHP IORULQLVFKHQ %DXHUQPlGFKHQ 6RJDU LKUH %HLQH ZDUHQ PLW HLQHP GQQHQ 6WRII EHGHFNW XQG LKUH 6FKXKH KDWWHQKRKH$EVlW]HVRGDVLHEHLP*HKHQEDODQFLHUHQPXWH 6WUDHQSDVVDQWHQ EOLHEHQ VWHKHQ XQG JDIIWHQ VLH DQ (V ZDUHQ JU|WHQWHLOV .LQGHU XQG 0DUNWIUDXHQ 'HU %lFNHU VFKLHQ VLH QLFKW ]X EHDFKWHQ (U KDWWH HLQHQ GLFNHQ 6WRFN EHL VLFK ZHOFKHU JHOHJHQWOLFK ZLH ]XIlOOLJ ]ZLVFKHQ GLH %HLQH LUJHQGHLQHV *DIIHUV IXKUGHU]X QDKHJHNRPPHQZDU 8QG GDQQ DOV VLH HUVW KXQGHUW 0HWHU YRQ GHU %lFNHUHL HQWIHUQW ZDUHQ WREWHQ GLH /HXWH DXIJHUHJW DXVHLQDQGHU XQG 5LN VDK GDV 6FKZDU]XQG6LOEHUHLQHV3ROL]HLEHDPWHQ 'DQQ ZDU HV JHVFKHKHQ 'LH :DIIH GHU 0RUG XQG ZLHGHU HLQH ZLOGH)OXFKW 6LH IDQGHQ VLFK LQ HLQHP GHU $XHQEH]LUNH GHU 6WDGW ZLHGHU 9DORQDV QHXHV .OHLG KDWWH 6FKZHLIOHFNHQ ª,FK NDQQ QLFKW PHKU ODXIHQ©NHXFKWH5LN

ª:LUPVVHQ© ª$EHU QLFKW VR +|U ]X© (U OHLVWHWH KHIWLJHQ :LGHUVWDQG DOV LKQ 9DORQD ZHLWHU]LHKHQ ZROOWH ª+|U PLU ]X :DUXP WXQ ZLU QLFKW ZDVGHU%lFNHUJHVDJWKDW"© ª:RKHUZLOOVWGXZLVVHQZDVHUPLWXQVYRUKDWWH"© ª:LU VROOWHQ VR WXQ DOV VHLHQ ZLU YRQ HLQHP DQGHUHQ 3ODQHWHQ (U KDW XQV GLHV KLHU JHJHEHQ© (U ]RJ GDV NOHLQH VFKZDU]H 5HFKWHFN DXVGHU7DVFKHEHWUDFKWHWHHVYRQEHLGHQ6HLWHQXQGYHUVXFKWHHV ]X|IIQHQDOVVHLHVHLQNOHLQHV%XFK (V JLQJ QLFKW HV ZDU HLQ (LQ]HOQHV %ODWW (U WDVWHWH HV DE XQG DOV VHLQH )LQJHU HLQH GHU (FNHQ EHUKUWHQ IKOWH HU ZLH HV QDFKJDE 'LH LKP ]XJHZDQGWH 6HLWH ZXUGH PLOFKLJ ZHL XQG HLQH HQJH 6FKULIW HUVFKLHQ DXI GHU 2EHUIOlFKH 6LH ZDU VFKZHU ]X HQW]LIIHUQ REZRKOHUVRUJIlOWLJ6LOEHIU6LOEH]XEXFKVWDELHUHQEHJDQQ ª'DVLVWHLQ3D©VDJWHHUVFKOLHOLFK ª(LQZDV"© ª(WZDV PLW GHP ZLU )ORULQD YHUODVVHQ N|QQHQ© (U ZDU VHLQHU 6DFKH VLFKHU (V ZDU LKP SO|W]OLFK HLQJHIDOOHQ HLQ HLQ]LJHV :RUW 3D ª9HUVWHKVW GX QLFKW" (U ZROOWH GD ZLU )ORULQD YHUODVVHQ PLWHLQHP5DXPVFKLII8QGGDVZHUGHQZLUWXQ© ª1HLQ 6LH KDEHQ LKQ GRFK XPJHEUDFKW 'DV JHKW QLFKW 5LN© ª$EHU HV ZlUH GDV DOOHUEHVWH ZHLO VLH HV DP ZHQLJVWHQ YRQ XQV HUZDUWHQ:LUZHUGHQQDWUOLFKQLFKWGDV6FKLIIQHKPHQ]XGHPHU XQV IKUHQ ZROOWH :DKUVFKHLQOLFK EHZDFKHQ VLH HV :LU QHKPHQ HLQDQGHUHV,UJHQGHLQ5DXPVFKLI GLH:RUWHNODQJHQLQLKPQDFK 2EVHLQH,GHHJXWZDURGHUQLFKWNPPHUWHLKQZHQLJ(UZROOWHLQ HLQHP5DXPVFKLIIVHLQHUZROOWHLQGHQ:HOWUDXP ª%LWWH/RQD© ª*XW ZHQQ GX HV ZLUNOLFK IU ULFKWLJ KlOWVW ,FK ZHL ZR GHU 5DXPKDIHQLVW© 6LH JLQJHQ ZHLWHU XQG QXU HLQ OHLFKWHV 8QEHKDJHQ SRFKWH YHUJHEOLFK DQ 5LNV *HGlFKWQLV ,UJHQGHLQH (ULQQHUXQJ QLFKW DXV GHU IHUQHQ VRQGHUQ DXV GHU DOOHUMQJVWHQ 9HUJDQJHQKHLW ,UJHQG HWZDV DQ GDV HU VLFK HULQQHUQ PXWH DEHU QLFKW NRQQWH ,UJHQG HWZDV 'HU )ORULQLHU DP (LQJDQJVWRU GHV 5DXPKDIHQV KDWWH DQMHQHP7DJ JHQJHQG$XIUHJXQJHQHUOHEW'RFKHVZDUHQ$XIUHJXQJHQGLHLKQ QLFKW VHOEVW EHWUDIHQ (U KDWWH DP YRUDQJHJDQJHQHQ $EHQG GLH *HUFKWHEHU$QJULIIHDXI3ROL]HLEHDPWHXQGZDJKDOVLJH)OXFKWHQ JHK|UW8QGDQGLHVHP0RUJHQQXQPXQNHOWHPDQVRJDUHWZDVEHU HUPRUGHWH3ROL]LVWHQ (UZDJWHQLFKWVHLQHQ3RVWHQ]XYHUODVVHQDEHUHUUHFNWHGHQ+DOV XQG EHREDFKWHWH ZLH GLH $HURZDJHQ YRUEHL]LVFKWHQ ZLH GLH %HDPWHQ GHU 6WUHLIH PLW YHUNQLIIHQHQ *HVLFKWHUQ GHQ 5DXPKDIHQ

YHUOLHHQ ZLH GDV .RQWLQJHQW GHU LP 5DXPKDIHQ VWDWLRQLHUWHQ 0DQQVFKDIW YHUULQJHUW XQG YHUULQJHUW ZXUGH ELV VFKOLHOLFK QLFKWV PHKUEULJEOLHE 0DQ SIURSIW GLH 6WDGW PLW 3ROL]HLEHDPWHQ YROO GDFKWH HU XQG ZDU YHUlQJVWLJWXQG]XJOHLFKLQJHKREHQHU6WLPPXQJ:DUXPIUHXWH HU VLFK HLJHQWOLFK VR GD $QJHK|ULJH GHU 3ROL]HL HUPRUGHW ZRUGHQ ZDUHQ" 6LH KDWWHQ LKQ QLH VFKLNDQLHUW ZHQLJVWHQV QLFKW VHKU (U KDWWHHLQHQJXWHQ3RVWHQ(UZDUNHLQGXPPHU%DXHU $EHUHUIUHXWHVLFK (U KDWWH NDXP =HLW IU GDV 3DDU GDV YRU LKP VWDQG VFKZLW]HQG LQ GHU XQEHTXHPHQ DXVOlQGLVFKHQ .OHLGXQJ GLH HV VRIRUW DOV )UHPGH NHQQ]HLFKQHWH'LH)UDXVFKRELKPHLQHQ3D]X(LQ%OLFNDXIVLH HLQ %OLFN DXI GHQ 3D HLQ %OLFN DXI GLH /LVWH GHU 3ODW]UHVHUYLHUXQJHQ (U GUFNWH DXI HLQHQ .QRSI XQG ]ZHL GXUFKVLFKWLJH)LOPElQGHUVSUDQJHQKHUDXV ª,Q2UGQXQJJHKHQ6LHZHLWHU©VDJWHHUXQJHGXOGLJª8QGELQGHQ 6LHGLHVDQGLH+DQGJHOHQNH© ª:HOFKHV LVW XQVHU 6FKLII ELWWH"© IUDJWHGLH)UDXK|IOLFK'DVZDU LKP DQJHQHKP )UHPGH ZDUHQ VHOWHQ DXI GHP 5DXPKDIHQ ,Q GHQ OHW]WHQ-DKUHQZDUHQVLHLPPHUVHOWHQHUJHZRUGHQ 'RFK ZHQQ VLH NDPHQ GDQQ YHUKLHOWHQ VLH VLFK ZHGHU ZLH 3ROL]HLEHDPWH QRFK ZLH *URKHUUHQ 6LH VFKLHQHQ QLFKW ]XZLVVHQ GD PDQ VHOEVW QXU HLQ )ORULQLHU ZDU XQG VLH VSUDFKHQK|IOLFKPLW HLQHP (U NDP VLFK VRIRUW IQI =HQWLPHWHU JU|HU YRU ª)OXJVWHLJ VLHE]HKQ JQlGLJH )UDX ,FK ZQVFKH ,KQHQ HLQH DQJHQHKPH 5HLVH QDFK :RWH[© VDJWH HU ZHOWPlQQLVFK 'DQQ ZDQGWH HU VLFK ZLHGHU VHLQHU%HVFKlIWLJXQJ ]XGLHDQMHQHP7DJGDULQEHVWDQGKHLPOLFK )UHXQGH LQGHU6WDGWDQ]XUXIHQXPGDV1HXHVWH]XHUIDKUHQXQG]X YHUVXFKHQ GLHV QRFK KHLPOLFKHU SULYDWH (QHUJLHVWUDKO *HVSUlFKHDE]XK|UHQGLHLQGHUREHUHQ6WDGWJHIKUWZXUGHQ (UVWQDFKHLQLJHQ6WXQGHQVWHOOWHHUIHVWGDHUHLQHQVFKUHFNOLFKHQ )HKOHUEHJDQJHQKDWWHª'LHVHVGRUW©IOVWHUWH5LNXQGGHXWHWHDXI HLQ 5DXPVFKLII 9DORQD EHWUDFKWHWH HV ]ZHLIHOQG (V ZDU ZHVHQWOLFK NOHLQHU DOV GDV DXI )OXJVWHLJ 9LHU /XIWVFKOHXVHQNDPPHUQ JlKQWHQ DQ GHU 6HLWH DXFK GHU +DXSWHLQJDQJ VWDQG RIIHQ (LQH 5DPSH IKUWH ZLH HLQH DXVJHVWUHFNWH=XQJH]XP%RGHQ ª(V ZLUG JHUDGH JHOIWHW© VDJWH 5LN ª0DQ OIWHW GLH 3DVVDJLHUVFKLIIH YRU GHP )OXJ GDPLW GHU YHUEUDXFKWH 6DXHUVWRII DE]LHKW© (VZDUNHLQ3ROL]HLEHDPWHU]XVHKHQDOVVLHPLWZHLFKHQ.QLHQGLH 5DPSH KLQDXIJLQJHQ 'LH =LYLODQJHVWHOOWHQ ZDUHQ PLW LKUHQ HLJHQHQ$QJHOHJHQKHLWHQEHVFKlIWLJW $OVVLHGDV5DXPVFKLIIEHWUDWHQELGHU/XIW]XJLQLKUH*HVLFKWHU

XQG9DORQDV.OHLGEDXVFKWHVLFKDXIVRGDVLHHVPLWGHQ+lQGHQ IHVWKDOWHQPXWH ª,VW GDV LPPHU VR"© IUDJWH 9DORQD 6LH SUHWH GLH /LSSHQ ]XVDPPHQXQGLKU+HU]KlPPHUWH ª1HLQ©VDJWH5LNª1XUZlKUHQGGHU%HOIWXQJ© (U JLQJ ZLH EHUDXVFKW GXUFK GLH *lQJH XQG SUIWH GLH OHHUHQ .DELQHQ (U VSUDFK UDVFK ª/HEHQVPLWWHOEUDXFKHQZLUNHLQH:LUNRPPHQ RKQH1DKUXQJDXVDEHUZLUEUDXFKHQ:DVVHU© (U GXUFKVXFKWH GLH *HUlWHVFKUlQNH XQG IDQG HLQHQ JURHQ YHUVFKOLHEDUHQ%HKlOWHU(UEOLFNWHVLFKQDFKGHP:DVVHUKDKQXP XQG PXUPHOWHDWHPORVª+RIIHQWOLFKKDEHQVLHQLFKWYHUJHVVHQGLH :DVVHUWDQNV ]X IOOHQ© 'DQQ ODFKWH HU HUOHLFKWHUW DOV GDV *HUlXVFKGHU3XPSHQHLQVHW]WHXQGHLQ6WUDKODXVGHP+DKQIOR 5LN GDFKWH DQJHVWUHQJW GDUEHU QDFK ZLH VLH GHU (QWGHFNXQJ HQWJHKHQ NRQQWHQ :LHGHU YHUVXFKWH HU VLFK DQ HWZDV ]X HULQQHUQ ,PPHU QRFK VWLH HU JHOHJHQWOLFK DXI VROFKH /FNHQ LQ VHLQHP *HGlFKWQLVXQGOHXJQHWHGDQQIHLJHLKUH([LVWHQ] (U IDQG HLQHQ NOHLQHQ 5DXP PLW )HXHUO|VFKHUQ 0HGLNDPHQWHQ 9HUEDQGV]HXJXQG6FKZHLJHUlWHQ ª+LHU NRPPHQ VLH QXU LQ 1RWIlOOHQ KHUHLQ© VDJWH HU VHOEVW QLFKW JDQ]EHU]HXJWª)UFKWHVWGXGLFK9DORQD"© ª0LWGLUIUFKWHLFKPLFKQLFKW©1RFKYRU]ZHL7DJHQQHLQQRFK YRU ]Z|OI 6WXQGHQ ZDU HV XPJHNHKUW $EHU DQ %RUG HLQHV 5DXPVFKLIIV ZDUHQ GLH 5ROOHQ YHUWDXVFKW 5LN ZDU QXQ GHU (UZDFKVHQHXQGVLHGDV.LQG ª:LU ZHUGHQ GDV /LFKW QLFKW HLQVFKDOWHQ N|QQHQ ZHLO VLH GHQ 6WURPDEIOX EHPHUNHQ ZUGHQ 8QG GLH 7RLOHWWHQ N|QQHQ ZLU HUVW QDFK GHU OHW]WHQ 3LORWHQDEO|VXQJ EHQXW]HQ© 'HU /XIW]XJ EOLHE SO|W]OLFKDXV6WLOOHWUDWHLQ ª-HW]W JHKHQ VLH EDOG DQ %RUG 8QG GDQQ VLQG ZLU GUDXHQ LP :HOWUDXP© 9DORQD KDWWH QRFK QLH VROFKH )UHXGH LQ 5LNV *HVLFKW JHVHKHQ (U ZDUZLHHLQ/LHEHQGHUGHU]XP6WHOOGLFKHLQJHKW :HQQ VLFK 5LN DQ GLHVHP 0RUJHQ EHLP (UZDFKHQ ZLH HLQ 0DQQ JHIKOW KDWWH GDQQ PXWH HU VLFK QXQ ZLH HLQ *LJDQW YRUNRPPHQ 6HLQH $UPH VFKLHQHQ GLH JDQ]H /lQJH GHU 0LOFKVWUDH ]X XPVSDQQHQ'LH6WHUQHZDUHQVHLQH0XUPHOQXQGGLH1HEHOZDUHQ 6SLQQZHEHQGLHPDQZHJIHJW (U ZDU LQ HLQHP 5DXPVFKLII (ULQQHUXQJHQ NDPHQ ]XUFN LQ HLQHU ODQJHQ .HWWH DQGHUH HUORVFKHQ XP IU QHXH 3ODW] ]X PDFKHQ (U YHUJDGLH.\UWIHOGHUXQGGLH)DEULN (UZDULQHLQHP5DXPVFKLII :HQQ PDQ LKQ VFKRQ IUKHU LQ HLQ 6FKLII JHEUDFKW KlWWH GDQQ

ZlUHQ VHLQH DXVJHEUDQQWHQ *HKLUQ]HOOHQ YLHOOHLFKW VFKQHOOHU JHKHLOW (U VSUDFK OHLVH PLW 9DORQD LQ GHU 'XQNHOKHLW ª'X EUDXFKVW NHLQH $QJVW ]X KDEHQ 'X ZLUVW HLQH (UVFKWWHUXQJ VSUHQ XQG HLQ *HUlXVFK K|UHQ GDV VLQG GLH 0RWRUHQ 'X ZLUVW HLQ VFKZHUHV *HZLFKWDXIGLUIKOHQGDVLVWGLH$N]HOHUDWLRQ© (V JDE NHLQ IORULQLVFKHV :RUW GDUEHU 9DORQD YHUVWDQG HV QLFKW ª7XWHVZHK"©IUDJWHVLH ª(V ZLUG VHKU XQDQJHQHKP VHLQ ZHLO ZLU NHLQH $QWL $N]HOHUDWLRQVYRUULFKWXQJ KDEHQ GLH GHQ 'UXFN DEQLPPW $EHU HV GDXHUW QLFKW ODQJH 6WHOO GLFK DQ GLHVH :DQG XQG ZHQQ GX IKOVW GDGXGDJHJHQJHSUHWZLUVWGDQQHQWVSDQQHGLFK0DFKGLFKJDQ] ORFNHU 3D DXI (V IlQJW DQ© (U KDWWH GLH UHFKWH :DQG JHZlKOW XQG DOV GDV 7RVHQ GHU +\SHUDWRP0RWRUHQ DQVFKZROO YHUODJHUWH VLFK GLH 6FKZHUNUDIW XQG GLH VHQNUHFKWH :DQG VFKLHQ PHKU XQG PHKUZDDJUHFKW]XZHUGHQ9DORQDVW|KQWHXQGDWPHWHVFKZHU'LH .HKOHQ XQG %UXVWN|UEH WDWHQ LKQHQ ZHK DOV LKUH /XQJHQ VLFK PKWHQHLQZHQLJ/XIWHLQ]XDWPHQ 5LN JHODQJ HV :|UWHU KHUYRU]XNHXFKHQ LUJHQGZHOFKH :|UWHU XP 9DORQDV$QJVWYRUGHP8QEHNDQQWHQ]XPLOGHUQ(VZDUMDQXUHLQ 5DXPVFKLII HLQ ZXQGHUYROOHV 5DXPVFKLII $EHU VLH ZDU QRFK QLH LQHLQHP5DXPVFKLIIJHZHVHQ ª-HW]WNRPPWGHU6SUXQJ'DV6FKLIIVW|WGDEHLGXUFKGHQJURHQ 5DXP XQG EHUVSULQJW HLQHQ JURHQ 7HLO GHU (QWIHUQXQJ ]ZLVFKHQ GHQ 6WHUQHQ 'DV EUDXFKW GLFK QLFKW ]X EHXQUXKLJHQ :LU ZHUGHQ QXU HLQHQ NOHLQHQ 5XFN VSUHQ GDQQ LVW HV YRUEHU© (U VSUDFK 6LOEH XP 6LOEH XQG HV GDXHUWH ODQJH ELV HU GHQ 6DW] YROOHQGHW KDWWH 3O|W]OLFK KRE VLFK GDV *HZLFKW YRQ LKUHQ %UXVWN|UEHQ XQG GLH XQVLFKWEDUHQ.HWWHQGLHVLHDQGLH:DQGJHIHVVHOWKDWWHQILHOHQDE .HXFKHQGVWU]WHQVLH]X%RGHQ ª%LVW GX YHUOHW]W 5LN"© IUDJWH 9DORQD QDFK HLQHU :HLOH ª,FK YHUOHW]W"©(UODFKWH(UKDWWHQRFKQLFKWGHQ$WHPZLHGHUJHIXQGHQ DEHUHUODFKWHEHLGHP*HGDQNHQGDHUVLFKLQHLQHP5DXPVFKLII YHUOHW]WKDEHQN|QQWH ª,FKKDEHMDKUHODQJLQHLQHP5DXPVFKLIIJHOHEW0DQFKPDOELQLFK PRQDWHODQJQLUJHQGVJHODQGHW© ª:DUXPQLFKW"© (UOHJWHHLQHQ$UPXPLKUH6FKXOWHU ª:DUXPQLFKW"©IUDJWHVLHQRFKHLQPDO 5LN NRQQWH VLFK QLFKW HULQQHUQ ZDUXP (U KDWWH HV JHWDQ (U ZDU lXHUVW XQJHUQ DXI HLQHP 3ODQHWHQ JHODQGHW $XV LUJHQGHLQHP *UXQG ZDU HU DP OLHEVWHQ LP 5DXP JHZHVHQ GRFK HU NRQQWH VLFK QLFKWGDUDQHULQQHUQZHVKDOE:LHGHUZLFKHUGHU*HGlFKWQLVOFNH

DXVª,FKKDWWHHLQH$XIJDEH©VDJWHHUª-DLFKZHL'XKDVWGDV 1LFKWV DQDO\VLHUW© ª'DV VWLPPW© (U IUHXWH VLFK ª:HLW GX ZDV GDVEHGHXWHW"© ª1HLQ© (U HUZDUWHWH QLFKW GD VLH HV YHUVWDQG DEHU HU PXWH UHGHQ (U PXWH LQ GHU (ULQQHUXQJ VFKZHOJHQ PXWH VLFK DQ GHU 7DWVDFKH EHUDXVFKHQ GD HU VLFK YHUJDQJHQH 'LQJH LQV *HGlFKWQLV ]XUFNUXIHQNRQQWH ª6LHKVWGX©VDJWHHUªDOOH6WRIIHLP8QLYHUVXPEHVWHKHQDXVHLQHU 5HLKH YRQ EHVWLPPWHQ 6XEVWDQ]HQ :LU QHQQHQ GLHVH 6XEVWDQ]HQ (OHPHQWH(LVHQXQG.XSIHUVLQGVROFKH(OHPHQWH© ª,FKGDFKWHGDVVHLHQ0HWDOOH© ª'DV VLQG HV DXFK DEHU JOHLFK]HLWLJ VLQG HV (OHPHQWH HEHQVR 6DXHUVWRII XQG 6WLFNVWRII .RKOHQVWRII XQG 3DOODGLXP 'LH ZLFKWLJVWHQ (OHPHQWH DEHU VLQG :DVVHUVWRII XQG +HOLXP (V VLQG GLH HLQIDFKVWHQ XQG KlXILJVWHQ )QIXQGQHXQ]LJ 3UR]HQW GHV 8QLYHUVXPV EHVWHKHQ DXV :DVVHUVWRII XQG GHU JU|WH 7HLO GHU UHVWOLFKHQIQI3UR]HQWLVW+HOLXPVRJDULP:HOWUDXP© ª0DQKDWPLUHLQPDOHU]lKOWGHU:HOWUDXPVHLHLQ9DNXXP(VVHL QLFKWVGDULQ:DUGDVIDOVFK"© ª1LFKW JDQ] (V LVW EHLQDKH QLFKWV GDULQ $EHU DOV 5DXPDQDO\WLNHU KDEH LFK LP :HOWUDXP ZLQ]LJH 0HQJHQYRQ(OHPHQWHQJHVDPPHOW XQG DQDO\VLHUW GDV KHLW LFK KDEH IHVWJHVWHOOW ZLH KRFK GHU 3UR]HQWVDW] DQ :DVVHUVWRII +HOLXP XQG DQGHUHQ (OHPHQWHQ ZDU© ª:DUXP"© ª1XQ GDV LVW VFKZHU ]X HUNOlUHQ 'LH 9HUWHLOXQJ GHU HLQ]HOQHQ (OHPHQWH LP :HOWUDXP LVW QLFKW EHUDOO GLH JOHLFKH ,Q PDQFKHQ 5HJLRQHQ JLEW HV PHKU +HOLXP DOV QRUPDO LQ DQGHUHQ PHKU 1DWULXP XQG VR ZHLWHU 'LHVH *HELHWH LQ GHQHQ HLQ EHVWLPPWHV (OHPHQW NRQ]HQWULHUW LVW ]LHKHQ VLFK GXUFK GHQ :HOWUDXP ZLH 6WU|PH 8QG VR QHQQHQ ZLU VLH DXFK !GLH 5DXPVWU|PH (V LVW ZLFKWLJ ]X ZLVVHQ ZLH GLHVH 6WU|PH YHUODXIHQ ZHLO PDQ GDUDXV VFKOLHHQ NDQQ ZLH GDV 8QLYHUVXP HUVFKDIIHQ ZRUGHQ LVW XQG HV VLFK ZHLWHUHQWZLFNHOW $XHUGHP KDEH LFK GLH 'LFKWH GHV :HOWUDXPV IHVWJHVWHOOW 6LH LVW DQ GHQ HLQ]HOQHQ 2UWHQ YHUVFKLHGHQ XQG GLH 5DXPSLORWHQ PVVHQ JHQDXH $QJDEHQ GDUEHU KDEHQ GDPLW VLH H[DNW GHQ JURHQ 5DXP EHUVSULQJHQ N|QQHQ (V LVW ZLH © (U EUDFKDE 9DORQDZDUWHWHGDHUIRUWIKUH$EHUHUVFKZLHJ ª5LN":DVLVWORV"5LN"© (U VFKZLHJ 6LH SDFNWH LKQ DQ GHQ 6FKXOWHUQ ª5LN 5LN© (V ZDU GLH 6WLPPH GHV DOWHQ 5LN GLH DQWZRUWHWH 6LH ZDU VFKZDFK DOOH )UHXGH XQG DOOHV 6HOEVWYHUWUDXHQ ZDUHQ DXV LKU YHUVFKZXQGHQ

ª/RQDZLUKDEHQHLQHQ)HKOHUJHPDFKW© ª:LHVR"© (U ]LWWHUWH DP JDQ]HQ .|USHU XQG 9DORQD YHUVXFKWH YHUJHEOLFK LKPGHQ6FKZHLYRQGHU6WLUQ]XZLVFKHQ ª:LUKlWWHQQLFKWZHJODXIHQVROOHQ© ª:DUXPQLFKW":DUXPQLFKW"© ª:LU KlWWHQ ZLVVHQ PVVHQ GD GHU %lFNHU QLFKW PLW 6FKHUHUHLHQ UHFKQHWHZHQQHUXQVEHLKHOOHP7DJHVOLFKWKLQDXVIKUWH(ULQQHUVW GXGLFKDQGHQ3ROL]LVWHQGHULKQJHW|WHWKDW"© ª-D© ª(ULQQHUVWGXGLFKDQVHLQ*HVLFKW"© ª,FKKDEHQLFKWJHZDJWLKQDQ]XVFKDXHQ© ª$EHULFK8QGHVLVWPLUHWZDVGDUDQDXIJHIDOOHQ DEHULFKKDEH QLFKW JHGDFKW ,FK KDEH QLFKW JHGDFKW /RQD GDV ZDU NHLQ 3ROL]LVW 'DV ZDU GHU 2UWVYHUZDOWHU /RQD 'HU 2UWVYHUZDOWHU LQ HLQHU3ROL]HLXQLIRUP©

'LH*URKHUULQ 6DPLD YRQ )LIH ZDU JHQDX HLQV ]ZHLXQGIQI]LJ JUR 8QG LKUH JDQ]HQ KXQGHUW]ZHLXQGIQI]LJ =HQWLPHWHU EHIDQGHQ VLFK LP =XVWDQG KHIWLJHU (PS|UXQJ 6LH ZRJ SUR =HQWLPHWHU HWZDV PHKU DOV HLQ KDOEHV 3IXQG XQG LP $XJHQEOLFN YHUN|USHUWH MHGHV LKUHU DFKW]LJ3IXQGIQIKXQGHUW*UDPPVROLGHQbUJHUV 6LH JLQJ UDVFK LQ GHU (PSIDQJVKDOOH GHV 5DXPKDIHQV KLQ XQG KHU ,KUGXQNOHV+DDUZDU KRFKIULVLHUWLKUHYHU]LHUWHQ$EVlW]HYHUOLHKHQ LKU HLQH XQHFKWH +|KH XQG LKU VFKPDOHV .LQQ EHWRQW GXUFK HLQ *UEFKHQ]LWWHUWHYRU=RUQ ª1HLQ© VDJWH VLH ª'DV WXW HU PLU QLFKW DQ 'DV NDQQ HU PLU QLFKW DQWXQ.DSLWlQ© 6HLQH 6WLPPH ZDU UXKLJ XQG UHVSHNWHLQIO|HQG .DSLWlQ 5DFHW\ EHXJWHVLFKGHP*HZLWWHUª*QlGLJH)UDX"© )U MHGHQ )ORULQLHU ZlUH .DSLWlQ 5DFHW\ QDWUOLFK HLQ *URKHUU JHZHVHQ QLFKWV DQGHUHV )U MHGHQ )ORULQLHU ZDUHQ DOOH 6DUNLWHQ *URKHUUHQ $EHU IU GLH 6DUNLWHQ VHOEVW JDE HV *URKHUUHQ XQG ZLUNOLFKH *URKHUUHQ .DSLWlQ 5DFHW\ ZDU HLQIDFK HLQ *URKHUU 6DPLD YRQ )LIH ZDU HLQ ZLUNOLFKHU *URKHUU RGHU YLHOPHKU GDV ZHLEOLFKH*HJHQVWFN]XHLQHPVROFKHQZDVGDVJOHLFKHEHGHXWHWH ª*QlGLJH)UDX"©IUDJWHHUQRFKPDOV ª0DQ NDQQ PLFK QLFKW KHUXPNRPPDQGLHUHQ ,FK ELQ PHLQ HLJHQHU +HUU,FKELQHQWVFKORVVHQKLHU]XEOHLEHQ©

ª%LWWH YHUVWHKHQ 6LH GRFK JQlGLJH )UDX© VDJWH GHU .DSLWlQ YRUVLFKWLJ ª,FK ELQ ZHLW GDYRQ HQWIHUQW 6LH ]X NRPPDQGLHUHQ 0DQ KDW PLFK QLFKW XP PHLQH 0HLQXQJ JHIUDJW 0DQ KDW PLU HLQIDFK XQG VWULNW JHVDJW ZDV LFK WXQ VROO© (U JULII QDFK GHU $EVFKULIW VHLQHU %HIHKOH (U KDWWH VFKRQ ]ZHLPDO YHUVXFKW LKU GDV %HZHLVVWFN ]X SUlVHQWLHUHQ XQG VLH KDWWH HV QLFKW HLQHV %OLFNHV JHZUGLJW DOV RE VLH GXUFK EHKDUUOLFKHV 1LFKW +LQVFKDXHQ ZHLWHUKLQ OHXJQHQ N|QQWH ZR VHLQH 3IOLFKW ODJ :LHGHU VDJWH VLH JHQDX ZLH VFKRQ YRUKHU HLQPDO ª,KUH %HIHKOH LQWHUHVVLHUHQ PLFK QLFKW©6LHZDQGWHVLFKDEXQGJLQJUDVFKGDYRQ(UIROJWHLKUXQG VDJWHVDQIWª)UGHQ)DOOGD6LHQLFKWEHUHLWVLQG PLW]XNRPPHQ HQWKlOW PHLQ %HIHKO GDKLQJHKHQGH $QZHLVXQJHQ GD LFK YHU]HLKHQ 6LH GD LFK 6LH ]XP 6FKLII IKUHQ ODVVHQ PX© 6LH IXKUKHUXPª'DVZHUGHQ6LHQLFKWZDJHQ© ª:HQQ LFK EHGHQNH ZHU PLU GLHVHQ %HIHKO JHJHEHQ KDW ZDJH LFK DOOHV© 6LH YHUVXFKWH HV PLW 6FKPHLFKHOHL ª*HZL .DSLWlQ $EHU HVEHVWHKWGRFKZLUNOLFKNHLQHHUQVWH*HIDKU,FKILQGHGDVHLQIDFK OlFKHUOLFK 'LH 6WDGW LVW IULHGOLFK 6FKOLHOLFK LVW QLFKWV ZHLWHU JHVFKHKHQDOVGDJHVWHUQQDFKPLWWDJHLQ3ROL]LVWLQGHU%LEOLRWKHN QLHGHUJHVFKODJHQ ZXUGH© ª(LQ ZHLWHUHU ZXUGH KHXWH IUK HUPRUGHWDEHUPDOVGXUFKHLQHQIORULQLVFKHQ$WWHQWlWHU© ,KUH KHOOEUDXQH +DXW ZXUGH GXQNHO XQG LKUH VFKZDU]HQ $XJHQ IXQNHOWHQª8QGZDVKDWGDVPLWPLU]XWXQ"%LQLFKHLQ3ROL]LVW"© ª*QlGLJH )UDX GDV 6FKLII ZLUG HEHQ YRUEHUHLWHW (V VWDUWHW LQ ZHQLJHQ 0LQXWHQ 6LH ZHUGHQ DQ %RUG VHLQ PVVHQ© ª8QG PHLQH $UEHLW"8QGPHLQH)RUVFKXQJHQ"%HJUHLIHQ6LHGHQQQLFKWGDLFK 1HLQ6LHEHJUHLIHQHVQLFKW© 'HU .DSLWlQ DQWZRUWHWH QLFKW 6LH KDWWH VLFK YRQ LKP DEJHZDQGW ,KUVFKLPPHUQGHV.OHLGDXV.XSIHUN\UWPLW6WUHLIHQDXVPLOFKLJHP 6LOEHUKRE GLHZDUPH*OlWWHLKUHU6FKXOWHUQXQG2EHUDUPHKHUYRU .DSLWlQ 5DFHW\ VDK VLH PLW HWZDV PHKU DOV GHU EHVFKHLGHQHQ +|IOLFKNHLW DQ GLH HLQ JHZ|KQOLFKHU 6DUNLW HLQHU JURHQ 'DPH VFKXOGHWH (U IUDJWH VLFK ZHVKDOE HLQ VROFK EHJHKUHQVZHUWHV PXQGJHUHFKWHV+lSSFKHQVHLQH=HLWDXVJHUHFKQHWGDPLWYHUEULQJHQ ZROOWHGDV7XQHLQHVYHUVFKUREHQHQ*HOHKUWHQQDFK]XDKPHQ 6DPLD ZXWH JXW GD LKUH *HOHKUVDPNHLW HLQHQ *HJHQVWDQG GHV 6SRWWVDXVLKUPDFKWH'LH/HXWHZDUHQDQGHQ*HGDQNHQJHZ|KQW GDGLHDULVWRNUDWLVFKHQ'DPHQYRQ6DUNDXVVFKOLHOLFKGHQ*ODQ] GHU *HVHOOVFKDIW HUK|KHQ VROOWHQ XQG JHOHJHQWOLFK DOV %UXWDSSDUDWH GLHQWHQ6DPLDPDFKWHVLFKQLFKWVGDUDXV (V NRQQWH JHVFKHKHQ GD )UDXHQ ]X LKU VDJWHQ ª6FKUHLEHQ 6LH WDWVlFKOLFKHLQ%XFK6DPLD"©XQGNLFKHUQGGDUXPEDWHQHVVHKHQ ]XGUIHQ 'LH 0lQQHU ZDUHQ QRFK VFKOLPPHU LQ LKUHU ZRKOZROOHQGHQ

+HUDEODVVXQJ XQG GHU RIIHQVLFKWOLFKHQ hEHU]HXJXQJ GD HV QXU HLQHV %OLFNHV EHGUIWH RGHU HLQHV PlQQOLFKHQ $UPV GHU VLFK XP LKUH +IWHQ OHJWH XP VLH YRQ LKUHU 0DURWWH DE]XEULQJHQ XQG LKUH *HGDQNHQ DXI 'LQJH YRQ ZLUNOLFKHU :LFKWLJNHLW ]X OHQNHQ ,KU ,QWHUHVVH IU .\UW ZDU IDVW VR DOW ZLH VLH VHOEVW ZHLO VLH LPPHU LQ GLHVHQ 6WRII YHUOLHEW ZDU ZlKUHQG LKQ GLH PHLVWHQ 0HQVFKHQ DOV VHOEVWYHUVWlQGOLFK KLQQDKPHQ .\UW GHU .|QLJ .DLVHU *RWW GHU 6WRIIH (V JDE NHLQ :RUW GDV VWDUN JHQXJ ZDU &KHPLVFKJHVHKHQ ZDU .\UW QLFKWV DQGHUHV DOV HLQH 6SLHODUW GHU =HOOXORVH GLH &KHPLNHU VFKZRUHQ GDUDXI $EHU PLW DOO LKUHQ ,QVWUXPHQWHQ XQG 7KHRULHQ NRQQWHQ VLH QLFKW HUNOlUHQ ZHVKDOE DXI )ORULQD XQG QXU DXI )ORULQD DXV =HOOXORVH .\UW ZXUGH (V ZDU GHP SK\VLNDOLVFKHQ =XVWDQG ]X]XVFKUHLEHQ VRZHQLJVWHQVVDJWHQVLH$EHUZHQQPDQ VLH IUDJWH LQ ZHOFKHU :HLVH GHU SK\VLNDOLVFKH =XVWDQG GHV .\UW VLFK YRQ GHP GHU JHZ|KQOLFKHQ =HOOXORVH XQWHUVFKLHG EOLHEHQ VLH VWXPP 6DPLD KDWWH YRQ GLHVHP DOOJHPHLQHQ 8QZLVVHQ ]XHUVW GXUFK LKUH .LQGHUVFKZHVWHUJHK|UW ª:DUXPJOlQ]WHVVR1DQQ\"© ª:HLOHV.\UWLVW0LDNLQG© ª:DUXPJOlQ]HQGDQQDQGHUH'LQJHQLFKWVR1DQQ\"© ª$QGHUH'LQJHVLQGQLFKWDXV.\UW0LDNLQG© 'D KDW PDQ V (UVW YRU GUHL -DKUHQ ZDU HLQH ]ZHLElQGLJH 0RQRJUDSKLH EHU GDV 7KHPD HUVFKLHQHQ 6DPLD KDWWH GDV :HUN DXIPHUNVDP JHOHVHQ GRFK VHLQ ,QKDOW KlWWH HEHQVRJXW DXI GHQ NXU]HQ 1HQQHU 1DQQ\V JHEUDFKW ZHUGHQ N|QQHQ .\UW ZDU .\UW ZHLO HV .\UW ZDU 'LQJH GLH QLFKW .\UW ZDUHQ ZDUHQ QLFKW .\UW ZHLOVLHQLFKW.\UWZDUHQ 1DWUOLFK JOlQ]WH .\UW QLFKW YRQ VHOEVW $EHU ULFKWLJ JHVSRQQHQ VFKLPPHUWH HV PHWDOOLVFK LQ GHU 6RQQH LQ HLQHU 9LHO]DKO YRQ )DUEHQ RGHU LQ DOOHQ )DUEHQ ]XJOHLFK (LQH DQGHUH $UW GHU %HDUEHLWXQJ YHUOLHK GHP )DGHQ HLQ GLDPDQWHQHV *OLW]HUQ .\UW NRQQWH RKQH JURH 0KH JHJHQ +LW]H ELV ]X *UDG &HOVLXV ZLGHUVWDQGVIlKLJJHPDFKWZHUGHQXQGY|OOLJXQHPSILQGOLFKIUIDVW DOOH &KHPLNDOLHQ 'LH .\UWIDVHUQ NRQQWHQ IHLQHU JHVSRQQHQ ZHUGHQ DOV GLH DOOHUIHLQVWHQ V\QWKHWLVFKHQ 6WRIIH XQG GRFK KDWWHQ VLH HLQH =XJIHVWLJNHLW GLH YRQ NHLQHU EHNDQQWHQ 6WDKOOHJLHUXQJ HUUHLFKWZXUGH )U.\UWJDE HVPHKU$QZHQGXQJVP|JOLFKNHLWHQDOVIULUJHQGHLQH DQGHUH GHQ 0HQVFKHQ EHNDQQWH 6XEVWDQ] :HQQ HU QLFKW VR WHXHU JHZHVHQZlUHKlWWHPDQLKQDQVWHOOHYRQ*ODV0HWDOORGHU3ODVWLN LQ XQ]lKOLJHQ ,QGXVWULH]ZHLJHQ EHQXW]HQ N|QQHQ .\UW ZDU WDWVlFKOLFK GDV HLQ]LJH 0DWHULDO GDV VLFK DOV *XIRUP IU +\GURFKURQH HLJQHWH GLH PDQ LQ GHQ +\SHUDWRP0RWRUHQ

YHUZDQGWH RGHU DOV OHLFKWHV ODQJOHELJHV 0DWHULDO ZR 0HWDOO ]X EUFKLJRGHU]XVFKZHUZDURGHUEHLGHV 'RFK GLHV ZDU ZLH JHVDJW QXU HLQH NOHLQH =DKO GHU $QZHQGXQJVP|JOLFKNHLWHQ 'HU *HEUDXFK LQ JURHQ 0HQJHQ YHUERW VLFK YRQ VHOEVW 'HU JU|WH 7HLO GHU .\UWHUQWH )ORULQDV ZDQGHUWHLQGLH7H[WLOIDEULNHQXQGDXVGHQGRUWHU]HXJWHQ6WRIIHQ ZXUGHQ GLH KHUUOLFKVWHQ *HZlQGHU LQ GHU *HVFKLFKWH GHU 0LOFKVWUDH KHUJHVWHOOW )ORULQD EHNOHLGHWH GLH $ULVWRNUDWHQ YRQ HLQHU 0LOOLRQ +LPPHOVN|USHUQ XQG GLH .\UWHUQWH GLHVHV HLQHQ 3ODQHWHQ ZDU KLHUIU HLQH GUIWLJH 4XHOOH =ZDQ]LJ )UDXHQ DXI HLQHP 3ODQHWHQ NRQQWHQ N\UWHQH $OOWDJVNOHLGXQJ WUDJHQ ]ZHLWDXVHQG EHVDHQ YLHOOHLFKW HLQ )HVWWDJVNOHLG RGHU HLQ 3DDU +DQGVFKXKH DXV GLHVHP 6WRII =ZDQ]LJ 0LOOLRQHQ XQG PHKU VDKHQ DXVGHU)HUQH]XXQGKDWWHQQLFKWVDOVGHQ:XQVFKGDQDFK $OV6DPLDlOWHUJHZRUGHQZDUJLQJVLH]XLKUHP9DWHU ª:DVLVW.\UW3D"© ª'HLQWlJOLFK%URW0LD© ª0HLQV"© ª6DUNVWlJOLFKHV%URW0LD© 1DWUOLFK .HLQHQ HLQ]LJHQ 3ODQHWHQ LQ GHU 0LOFKVWUDH DXHU )ORULQD ZDU HV JHOXQJHQ .\UW DQ]XEDXHQ =XHUVW KDWWH 6DUN IU MHGHUPDQQ RE (LQKHLPLVFKHU RGHU )UHPGHU GLH 7RGHVVWUDIH HLQJHIKUW GHU .\UWVDPHQ DXI DQGHUH 3ODQHWHQ ]X VFKPXJJHOQ YHUVXFKWH 'LHV KDWWH HUIROJUHLFKHQ 6FKPXJJHO QDWUOLFK QLFKW YHUKLQGHUW'RFKLP/DXIHGHU-DKUKXQGHUWHVWHOOWHVLFKKHUDXVGD .\UW EHUDOO LQ GHU 0LOFKVWUDH DXHU )ORULQD QLFKWV DOV JHZ|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lXPW GDV *HKHLPQLV GHV .\UW ]X HUIRUVFKHQ HLQ %XFK EHU GLH *HVFKLFKWH GHV .\UW ]X VFKUHLEHQEHUGDV/DQGLQGHPHUZXFKVXQGEHUGLH0HQVFKHQ GLHLKQDQEDXWHQ 'LHVHU7UDXPZXUGH]ZDUVS|WWLVFKEHOlFKHOWDEHUVLHKLHOWDQLKP IHVW 6LH KDWWH GDUDXI EHVWDQGHQ QDFK )ORULQD ]X UHLVHQ 6LH ZROOWH HLQH 6DLVRQ LQ GHQ .\UWIHOGHUQ YHUEULQJHQ XQG HLQLJH 0RQDWH LQ

GHQ)DEULNHQ'HVKDOEZDUVLHKLHU 1XQZXUGHVLH]XUFNEHIRKOHQ 0LW GHU ,PSXOVLYLWlW GLH MHGH LKUHU +DQGOXQJHQ NHQQ]HLFKQHWH IDWH VLH LKUHQ (QWVFKOX $XI 6DUN ZUGH VLH EHVVHU JHJHQ GLHVHQ %HIHKO DQNlPSIHQ N|QQHQ DOV YRQ KLHU DXV 6LH VFKZRU VLFK LQ HLQHU :RFKH ZLHGHU DXI )ORULQD ]X VHLQ 6LH ZDQGWH VLFK XP XQG VDJWHNKO]XP.DSLWlQª$OVRJXW:DQQVWDUWHQZLU"© 6DPLD EOLHE DQ GHU %HREDFKWXQJVOXNH VWHKHQ VRODQJH )ORULQD DOV .XJHO VLFKWEDU EOLHE (V ZDU HLQH JUQH IUKOLQJVKDIWH :HOW XQG GDV .OLPD ZDU ZHVHQWOLFK DQJHQHKPHU DOV GDV YRQ 6DUN 6LH KDWWH VLFKGDUDXIJHIUHXWGLH(LQKHLPLVFKHQ]XVWXGLHUHQ6LHPRFKWHGLH )ORULQLHUDXI6DUNQLFKW PDUNORVH0lQQHUGLHHVQLFKWZDJWHQVLH DQ]XVFKDXHQ XQG GHQ .RSI DEZDQGWHQ ZHQQ VLH YRUEHUJLQJHQ ZLH GDV *HVHW] HV YRUVFKULHE $XI LKUHP HLJHQHQ 3ODQHWHQ DEHU VROOWHQGLH)ORULQLHUJOFNOLFKXQGVRUJORVVHLQZLHPDQDOOJHPHLQ K|UWHYHUDQWZRUWXQJVORV]ZDUZLH.LQGHUDEHUFKDUPDQW .DSLWlQ 5DFHW\ XQWHUEUDFK LKUH *HGDQNHQ ª*QlGLJH )UDX GUIWH LFK6LHELWWHQLQ,KUH.DELQH]XJHKHQ"© 6LH EOLFNWHDXI(LQHZLQ]LJHVHQNUHFKWH)DOWHVWDQG]ZLVFKHQLKUHQ $XJHQª:DVIUQHXH%HIHKOHKDEHQ6LHHUKDOWHQ.DSLWlQ" %LQLFKHLJHQWOLFKHLQH*HIDQJHQH"© ª1DWUOLFK QLFKW (V LVW QXU HLQH 9RUVLFKWVPDQDKPH 'HU 5DXPKDIHQ ZDU YRU XQVHUHP 6WDUW NDXP EHZDFKW (V LVW HLQ ZHLWHUHU 0RUG EHJDQJHQ ZRUGHQ DEHUPDOV YRQ HLQHP )ORULQLHU XQG GLH DXI GHP 5DXPKDIHQ VWDWLRQLHUWH 3ROL]HLPDQQVFKDIW ZDU LQ GLH6WDGWDENRPPDQGLHUWZRUGHQ© ª8QGZDVKDWGDVPLWPLU]XWXQ"© ª(V N|QQWH VHLQ GD XQWHU GLHVHQ 8PVWlQGHQ 3HUVRQHQ XQHUODXEW DQ%RUGGHV6FKLIIHVJHNRPPHQVLQG© ª:DUXP"© ª'DV NDQQ LFK QLFKW VDJHQ $EHU ZDKUVFKHLQOLFK QLFKW ]X XQVHUHP 9HUJQJHQ© ª6LHKDEHQYLHO3KDQWDVLH.DSLWlQ© ª,FKIUFKWHQHLQJQlGLJH)UDX8QVHUH(QHUJLH0HJHUlWHZDUHQ LQQHUKDOE SODQHWDULVFKHU 'LVWDQ] YRQ GHU 6RQQH )ORULQDV QDWUOLFK ZLUNXQJVORV$EHUGDVLVWQXQ QLFKWPHKUGHU)DOOXQGLFKIUFKWH HV LVW HLQ HLQGHXWLJHV hEHUPD DQ :lUPHVWUDKOXQJ DXV GHP *HUlWHUDXPIHVW]XVWHOOHQ© ª6SUHFKHQ6LHLP(UQVW"© 'HU .DSLWlQ EHWUDFKWHWH VLH HLQHQ $XJHQEOLFN DEZHVHQG ª'LH 6WUDKOXQJ HQWVSULFKW GHU YRQ ]ZHL HUZDFKVHQHQ 0HQVFKHQ© ª(V ZLUG MHPDQG YHUJHVVHQ KDEHQ HLQH +HL]XQJVHLQKHLW DXV]XVFKDOWHQ© ª:LU N|QQHQ NHLQH ,QDQVSUXFKQDKPH XQVHUHU (QHUJLHYRUUlWH

IHVWVWHOOHQ :LU ZROOHQ GHU 6DFKH HEHQ DXI GHQ *UXQG JHKHQ XQG LFK GDUI 6LH GHVKDOE ELWWHQ LQ ,KUH .DELQH ]XUFN]XNHKUHQ© 6LH QLFNWHZRUWORVXQGJLQJ=ZHL0LQXWHQVSlWHUVSUDFKHUPLWUXKLJHU 6WLPPH LQ GLH %RUGYHUVWlQGLJXQJVDQODJH ª|IIQHW GHQ *HUlWHUDXP©

0\UO\Q 7HUHQV ZlUH ZHQQ HU VHLQHQ JHVSDQQWHQ 1HUYHQ DXFK QXU HLQ ZHQLJ QDFKJHJHEHQ KlWWH OHLFKW XQG VRJDU QLFKW XQJHUQ LQ +\VWHULHYHUIDOOHQ(UZDUHLQSDDU0LQXWHQ]XVSlWLQGLH%lFNHUHL ]XUFNJHNHKUW 6LH KDWWHQ GHQ /DGHQ EHUHLWV YHUODVVHQ XQG HV ZDU QXU HLQHP JOFNOLFKHQ =XIDOO ]X GDQNHQ GD HU VLH DXI GHU 6WUDH WUDI 6HLQH QlFKVWH +DQGOXQJ ZDU LKP YRQ GHQ 8PVWlQGHQ DXIJH]ZXQJHQZRUGHQ(VZDUNHLQHVZHJVVHLQIUHLHU:LOOH 8QG ZDV NRQQWH HU GDQDFK WXQ DOV GHU %lFNHU WRW ZDU GLH 0HQJH DXVHLQDQGHUVWRE 5LN XQG /RQD ]ZLVFKHQ GHQ )OLHKHQGHQ XQWHUJLQJHQ XQG GLH $LURZDJHQ GHU 3ROL]HLVWUHLIH GHU ZLUNOLFKHQ 3ROL]HLEHDPWHQZLH*HLHUEHULKPDXIWDXFKWHQ" 6HLQHQHUVWHQ,PSXOV5LNXQG9DORQDQDFK]XMDJHQXQWHUGUFNWHHU UDVFK(VKlWWH]XQLFKWVJHIKUW(UKlWWHVLHQLHPDOVJHIXQGHQXQG GLH :DKUVFKHLQOLFKNHLW GD LKQ GLH 3ROL]HL DXIJULII ZDU ]X JUR (UKDVWHWH]XUFN]XU%lFNHUHL 6HLQH HLQ]LJH &KDQFH ODJ LQ GHU 2UJDQLVDWLRQ GHU 3ROL]HLEHDPWHQ VHOEVW 6LH IKUWHQ VHLW *HQHUDWLRQHQ HLQ JHUXKVDPHV /HEHQ (V KDWWH VHLW ]ZHL -DKUKXQGHUWHQ NHLQH QHQQHQVZHUWHQ 5HYROWHQ JHJHEHQ 'LH ,QVWLWXWLRQ GHU 2UWVYHUZDOWHU 7HUHQV JULQVWH ZWHQG EHL GHP *HGDQNHQ KDWWH:XQGHUJHZLUNWXQGGLH3ROL]LVWHQEWHQVHLWGHP QXUQRFKHLQHVFKDEORQHQKDIWH3ROL]HLIXQNWLRQDXV,KQHQPDQJHOWH GLH DXVJHUHLIWH =XVDPPHQDUEHLW GLH VLFK XQWHU KlUWHUHQ %HGLQJXQJHQHQWZLFNHOWKlWWH (V ZDU LKP P|JOLFK LQ GHU 0RUJHQGlPPHUXQJ LQ HLQH 3ROL]HLVWDWLRQ HLQ]XWUHWHQ GLH VHLQHQ 6WHFNEULHI ]ZHLIHOORV VFKRQ HUKDOWHQKDWWH'HUHLQ]LJHGLHQVWWXHQGH%HDPWHZDUHLQH0LVFKXQJ DXV*OHLFKJOWLJNHLWXQGEOHU/DXQH(UIUDJWH7HUHQVQDFKVHLQHP %HJHKU$EHUVHLQ%HJHKUKDWWHPLWHLQHU6WDQJH]XWXQGLHHUYRQ HLQHP6FKXSSHQLQGHQ$XHQEH]LUNHQGHU6WDGWJHEURFKHQKDWWH (U OLH VLH DXI GHQ 6FKlGHO GHV 3ROL]LVWHQ QLHGHUVDXVHQ XQG ZHFKVHOWH .OHLGXQJ XQG :DIIHQ 'LH /LVWH VHLQHU 9HUEUHFKHQ ZDU EHUHLWVVRHUVFKUHFNHQGGDHVLKQQLFKWLPPLQGHVWHQEHXQUXKLJWH DOVHUIHVWVWHOOWHGDHUGHQ%HDPWHQQLFKWEHWlXEWVRQGHUQJHW|WHW KDWWH 7URW] DOOHP ZDU HU LPPHU QRFK DXI IUHLHP )X XQG GLH URVWLJH 0DVFKLQHULH GHU -XVWL] KDWWH ELVKHU YHUJHEOLFK KLQWHU LKPJHNQDUUW 7HUHQV NDP ]X GHU %lFNHUHL 'HU DOWH *HKLOIH GHV %lFNHUV GHU

XQWHU GHU 7U VWDQG XQG YHUJHEOLFK YHUVXFKWH HWZDV EHU GHQ *UXQG GHU 8QUXKH ]X HUIDKUHQ NUHLVFKWH EHLP $QEOLFN GHU JHIUFKWHWHQ8QLIRUPDXIXQGYHUVFKZDQGLP/DGHQ 7HUHQVVWUPWHLKPQDFKXQGSDFNWHGHQ0DQQDPPHKOEHVWlXEWHQ .UDJHQª:DVKDWWHGHU%lFNHUYRU"© 'HU$OWH|IIQHWHGHQ0XQGDEHUNHLQ/DXWNDPKHUDXV ª,FK KDEH YRU ]ZHL 0LQXWHQ HLQHQ 0DQQ JHW|WHW© VDJWH 7HUHQV ª(VNRPPWPLUQLFKWGDUDXIDQZHQQLFKQRFKHLQHQXPEULQJH© ª,FKZHLYRQQLFKWV+HUU© ª'XVWLUEVWDXIGHU6WHOOHZHQQGXQLFKWVZHLW© ª$EHU HU KDW HV PLU QLFKW JHVDJW (U KDW LUJHQGZHOFKH 3OlW]H UHVHUYLHUHQODVVHQ© ª'DV KDVW GX DOVR EHODXVFKW QLFKW ZDKU" /RV :DV KDVW GX QRFK JHK|UW"© ª(U VSUDFK YRQ :RWH[ ,FK JODXEH GLH 3ODW]UHVHUYLHUXQJ ZDU IU HLQ5DXPVFKLII© 7HUHQVVWLHLKQ]XU6HLWH(UNRQQWHHUUDWHQZDV5LNXQG/RQDWXQ ZUGHQ 5LN ZDU QDWUOLFK XQ]XUHFKQXQJVIlKLJ DEHU 9DORQD ZDU HLQ LQWHOOLJHQWHV 0lGFKHQ $XV GHU $UW ZLH VLH JHODXIHQ ZDUHQ NRQQWH HU VFKOLHHQ GD VLH LKQ WDWVlFKOLFK IU HLQHQ 3ROL]HLEHDPWHQ JHKDOWHQ KDWWHQ XQG 9DORQD ZUGH HV ]ZHLIHOORV IU GDV 6LFKHUVWH KDOWHQ GLH )OXFKW GLH GHU %lFNHU PLW LKQHQ EHJRQQHQKDWWHIRUW]XVHW]HQ 'HU %lFNHU KDWWH 3OlW]H IU VLH UHVHUYLHUHQ ODVVHQ (LQ 5DXPVFKLII ZUGH EHUHLWVWHKHQ 'RUW PXWHQ VLH VHLQ 8QGHUPXWHYRULKQHQ GRUWVHLQ :HQQ HU 5LN YHUORU ZHQQ HU GLHVH :DIIH JHJHQ GLH VDUNLWLVFKHQ 7\UDQQHQ YHUORU NDP HV DXI VHLQ /HEHQ QLFKW PHKU DQ 'HVKDOE JLQJ HU EHL KHOOHP 7DJHVOLFKW EHGHQNHQORV GXUFK GLH 6WUDHQ REZRKO MHW]W GLH 3ROL]LVWHQ ZLVVHQ PXWHQ GD VLH HV PLW HLQHP 0DQQLQLKUHU8QLIRUP]XWXQKDWWHQ 7HUHQVNDQQWHGHQ5DXPKDIHQ(VJDEQXUHLQHQGLHVHU $UWDXIGHP 3ODQHWHQ,QGHUREHUHQ6WDGWEHIDQGVLFK]ZDUHLQ'XW]HQGNOHLQHU +lIHQ IU GHQ 3ULYDWJHEUDXFK GHU 5DXPMDFKWHQ XQG PHKUHUH KXQGHUW ZHLWHUH ZDUHQ EHU GHQ JDQ]HQ 3ODQHWHQ YHUVWUHXW GLH DXVVFKOLHOLFK IU GLH VFKZHUIlOOLJHQ )UDFKWHU EHVWLPPWZDUHQ GLH ULHVLJH /DGXQJHQ .\UWVWRII QDFK 6DUN EHI|UGHUWHQ XQG 0DVFKLQHQ XQGHLQIDFKH*HEUDXFKVJWHU]XUFNEUDFKWHQ'RFKXQWHUDOOGLHVHQ 5DXPKlIHQ ZDU QXU GLHVHU HLQH IU JHZ|KQOLFKH 5HLVHQGH YRUJHVHKHQ IU GLH lUPHUHQ 6DUNLWHQ IORULQLVFKH 5HJLHUXQJVDQJHVWHOOWH XQGGLHZHQLJHQ)UHPGHQGLHGLH(UODXEQLV HUKLHOWHQ)ORULQD]XEHVXFKHQ 'HU )ORULQLHU DP (LQJDQJ GHV +DIHQV ]HLJWH DOOH $Q]HLFKHQ OHEKDIWHQ ,QWHUHVVHV DOV HU 7HUHQV NRPPHQ VDK 'DV 9DNXXP GDV

LKQXPJDEZDUXQHUWUlJOLFKJHZRUGHQ ª*UX +HUU© VDJWH HU (V ODJ HLQ YHUVFKPLW]WHU (LIHU LQ VHLQHP 7RQ 6FKOLHOLFK ZDUHQ 3ROL]HLEHDPWH HUPRUGHW ZRUGHQ ª%HWUlFKWOLFKH$XIUHJXQJLQGHU6WDGWQLFKWZDKU"© 7HUHQV VFKQDSSWH QLFKW QDFK GHP .|GHU (U KDWWH GHQ 0W]HQVFKLUP WLHI LQV *HVLFKW JH]RJHQ XQG GLH REHUVWHQ .Q|SIH VHLQHU 8QLIRUP JHVFKORVVHQ %DUVFK IXKU HU LKQ DQ ª+DEHQ YRU NXU]HU =HLW ]ZHL 3HUVRQHQ HLQ 0DQQ XQG HLQH )UDX GHQ 5DXPKDIHQEHWUHWHQ"6LHKDWWHQ.DUWHQQDFK:RWH[© 'HU .RQWUROOHXU HUVFKUDN (U VFKOXFNWH XQG VDJWH GDQQ LQ HLQHP ZHVHQWOLFK XQWHUZUILJHUHQ 7RQ ª-D +HUU 8QJHIlKU YRU HLQHU KDOEHQ6WXQGH9LHOOHLFKWDXFKIUKHU©3O|W]OLFKHUU|WHWHHUª$EHU VLH KDWWHQ 3ODW]UHVHUYLHUXQJHQ GLH Y|OOLJ LQ 2UGQXQJ ZDUHQ ,FK ZUGH )UHPGH QLFKW RKQH RUGQXQJVJHPlH 3DSLHUH GXUFKODVVHQ© 2UGQXQJVJHPlH3DSLHUH'HU%lFNHUKDWWHHVDOVRIHUWLJJHEUDFKW LP /DXIH HLQHU 1DFKW RUGQXQJVJHPlH 3DSLHUH ]X EHVFKDIIHQ 7HUHQV IUDJWH VLFK ZLH WLHI LQ GLH VDUNLWLVFKH 9HUZDOWXQJ GHU WUDQWRULQLVFKH6SLRQDJHDSSDUDWHLJHQWOLFKUHLFKWH ª:HOFKHQ1DPHQJDEHQVLHDQ"© ª*DUHWKXQG+DQVD%DUQH© ª,VWLKU6FKLIIVFKRQJHVWDUWHW"(LQELFKHQVFKQHOOHU0DQQ© ª1HLQ+HUU© ª)OXJVWHLJ"© ª6LHE]HKQ© 7HUHQV ]ZDQJ VLFK YHUJHEOLFK ODQJVDP ]X JHKHQ +lWWH HLQ HFKWHU 3ROL]HLEHDPWHU LKQ JHVHKHQ GDQQ ZlUH GLHVHU XQZUGLJH KDOEH /DXIVFKULWWVHLQOHW]WHU$XVIOXJLQGLH)UHLKHLWJHZHVHQ (LQ 5DXPSLORW LQ 2IIL]LHUVXQLIRUP VWDQG DQ GHU +DXSW/XIW VFKOHXVH 7HUHQVDWPHWHUDVFKª6LQG*DUHWKXQG+DQVD%DUQHVFKRQDQ%RUG JHJDQJHQ"© ª1HLQ© VDJWH GHU 5DXPSLORW JOHLFKJOWLJ (U ZDU 6DUNLW XQG IU LKQ ZDU HLQ 3ROL]LVW QLFKWV DOV HLQ 0DQQ LQ 8QLIRUP ª:ROOHQ 6LH HLQH1DFKULFKWIUVLHKLQWHUODVVHQ"© 7HUHQVYHUORUGLH*HGXOGª6LHVLQGDOVRQLFKWDQ%RUG"© ª*HQDXVR LVW HV 8QG ZLU ZDUWHQ QLFKW DXI VLH :LU VWDUWHQ ]XU YRUJHVHKHQHQ=HLWPLWRGHURKQHGLH%DUQHV© 7HUHQV JLQJ ]XUFN XQG IUDJWH GHQ .RQWUROOHXU ª6LQG VLH ZLHGHU IRUW"© ª)RUW":HU+HUU"© ª'LH %DUQHV 6LH VLQG QLFKW LP 5DXPVFKLII +DEHQ VLH GHQ +DIHQ ZLHGHUYHUODVVHQ"© ª0HLQHV:LVVHQVQLFKW+HUU© ª*LEWHVQRFKDQGHUH$XVJlQJH"©

ª1HLQGLHVLVWGHUHLQ]LJH+HUU© ª'DQQVXFKVLHGXPLVHUDEOHU,GLRW© 'HU 0DQQ EHWlWLJWH HUVFKURFNHQ GLH 9HUVWlQGLJXQJVDQODJH .HLQ %HDPWHU KDWWH MHPDOV VR ]RUQLJ PLW LKP JHVSURFKHQ XQG HU IUFKWHWH GLH )ROJHQ 1DFK ]ZHL 0LQXWHQ VDJWH HU ª1LHPDQG KDW GHQ5DXPKDIHQYHUODVVHQ+HUU© 7HUHQV VWDUUWH LKQ DQ 8QWHU VHLQHU VFKZDU]HQ 0W]H NOHEWH GDV KHOOH+DDUIHXFKWDQVHLQHP6FKlGHOXQGDQMHGHU:DQJHOLHIHLQH JOLW]HUQGH6SXU6FKZHLKHUDE ª+DW VHLWKHU LUJHQGHLQ DQGHUHV 6FKLII GHQ +DIHQ YHUODVVHQ"© 'HU .RQWUROOHXU SUIWH GLH =HLWWDIHO ª(LQHV© VDJWH HU ª'DV 3DVVDJLHUVFKLII!'\QDPLN© 8QG LQ GHP %HVWUHEHQ GXUFK IUHLZLOOLJH $XVNXQIW GLH *XQVW GHV ]RUQLJHQ 3ROL]HLEHDPWHQ ]X HUODQJHQ IXKU HU IRUW ª'LH !'\QDPLN LVW DXI 6RQGHUIDKUW XQG EULQJW GLH *URKHUULQ 6DPLD YRQ)LIHYRQ)ORULQDQDFK6DUN]XUFN (U HUZlKQWH QLFKW GXUFK ZHOFKH UDIILQLHUWH $EK|UPHWKRGH HV LKP JHOXQJHQZDUVLFKGDUEHU]XLQIRUPLHUHQ )U7HUHQVVSLHOWHGDVMHW]WNHLQH5ROOH (U JLQJ ODQJVDP ]XUFN 5LN XQG 9DORQD KDWWHQ GHQ 5DXPKDIHQ EHWUHWHQ6LHZDUHQQLFKWIHVWJHQRPPHQZRUGHQVRQVWKlWWHHVGHU .RQWUROOHXU JHZXW 6LH ZDUHQ QLFKW LQ GHP 5DXPVFKLII IU GDV LKUH .DUWHQ ODXWHWHQ 6LH KDWWHQ GHQ +DIHQ QLFKW ZLHGHU YHUODVVHQ 'DV HLQ]LJH 6FKLII GDV GHQ +DIHQ YHUODVVHQ KDWWH ZDU GLH !'\QDPLN$OVRPXWHQ5LNXQG9DORQDDQ%RUGGLHVHV6FKLIIHV VHLQYLHOOHLFKWDOV*HIDQJHQHYLHOOHLFKWDOVEOLQGH3DVVDJLHUH 8QG GLHV EHGHXWHWH GDV JOHLFKH 'HQQ ZHQQ VLH MHW]W QRFK EOLQGH 3DVVDJLHUH ZDUHQ ZUGHQ VLH EDOG *HIDQJHQH VHLQ 1XU HLQ IORULQLVFKHV %DXHUQPlGFKHQ XQG HLQ *HLVWHVJHVW|UWHU YHUJHJHQZlUWLJWHQ VLFK QLFKW GD PDQ LQ HLQHP PRGHUQHQ 5DXPVFKLIIQLFKWDOVEOLQGHU3DVVDJLHUUHLVHQNRQQWH 8QG YRQ DOOHQ 5DXPVFKLIIHQ GLH VLH ZlKOHQ NRQQWHQ ZlKOWHQ VLH DXVJHUHFKQHWGDVLQGHPGLH7RFKWHUGHV*URKHUUQYRQ)LIHUHLVWH GHV*URKHUUQYRQ)LIH

'HU*URKHUU 'HU *URKHUU YRQ )LIH ZDU GHU EHGHXWHQGVWH 0DQQ DXI 6DUN XQG GHVKDOEPRFKWHHUQLFKWGDPDQLKQVWHKHQVDK:LHVHLQH7RFKWHU ZDU DXFK HU NOHLQ DEHU LP *HJHQVDW] ]X LKU ZDU HU GDEHL NHLQHVZHJV KHUYRUUDJHQG JHZDFKVHQ GHQQ VFKXOG DQ GHU

PDQJHOQGHQ .|USHUJU|H ZDUHQ KDXSWVlFKOLFK VHLQH %HLQH 6HLQ 5XPSI ZDU NUlIWLJ XQG VHLQ .RSI ]ZHLIHOORV PDMHVWlWLVFK $EHU VHLQ .|USHU UXKWH DXI VWXPPHOKDIWHQ %HLQHQ GLH VFKZHUIlOOLJ ZDWVFKHOWHQ ZHQQ VLH LKUH /DVW WUXJHQ 'HVKDOE VD HU KLQWHU VHLQHP 6FKUHLEWLVFK XQG QLHPDQG DXHU VHLQHU 7RFKWHU GHQ /HLEGLHQHUQXQG DOVVLHQRFKJHOHEWKDWWH VHLQHU)UDXKDWWHLKQMH DQGHUVJHVHKHQ 'RUWZLUNWHHUJDQ]DOVGHU0DQQGHUHU ZDU6HLQJURHU.RSIPLW GHP EUHLWHQ IDVW OLSSHQORVHQ 0XQG GHU DXVJHSUlJWHQ 1DVH XQG GHP VSLW]HQ JHVSDOWHQHQ .LQQ NRQQWH HEHQVR EHU]HXJHQG JWLJ ZLHXQEHXJVDPDXVVHKHQ6HLQ+DDUGDVJODWW]XUFNJHEUVWHWZDU XQG LKP LQ VRUJORVHU 0LDFKWXQJ GHU 0RGH IDVW ELV ]XU 6FKXOWHU ILHO ZDU EODXVFKZDU] XQG RKQH HLQH JUDXH 6WUlKQH (LQ VFKDWWLJHV %ODX ODJ EHU MHQHQ *HVLFKWSDUWLHQ ZR VHLQ IORULQLVFKHU )ULVHXU ]ZHLPDO WlJOLFK JHJHQ GDV KDUWQlFNLJH :DFKVWXP GHU *HVLFKWVKDDUHDQNlPSIWH 'HU *URKHUU ZDU VWlQGLJ LQ 3RVH XQG HU ZXWH HV (U KDWWH MHJOLFKHQ $XVGUXFN DXV HLQHP *HVLFKW KHUDXVGUHVVLHUW 6HLQH EUHLWHQ NXU]ILQJULJHQ +lQGH UXKWHQ OHJHU JHIDOWHW DXI GHP 6FKUHLEWLVFK GHVVHQ SROLHUWH 3ODWWH Y|OOLJ OHHU ZDU .HLQ 6WFN 3DSLHU ZDU GDUDXI ]X VHKHQ NHLQH 9HUVWlQGLJXQJVDQODJH NHLQ 6FKPXFN*HUDGHGXUFKGLHVH(LQIDFKKHLWZXUGHGLH3HUV|QOLFKNHLW GHV*URKHUUQQRFKVWlUNHUKHUYRUJHKREHQ (U VSUDFK PLW VHLQHP EODVVHQ ILVFKZHLHQ 6HNUHWlU LQ GHP WHLOQDKPVORVHQ 7RQ GHQ HU WHFKQLVFKHQ *HUlWHQ XQG IORULQLVFKHQ $QJHVWHOOWHQ YRUEHKLHOW ª,FK ZLOO VWDUN KRIIHQ DOOH KDEHQ ]XJHVDJW© 'HU 6HNUHWlU DQWZRUWHWH LQ HLQHP HEHQVR OHEORVHQ 7RQ ª'HU *URKHUU YRQ %RUW lXHUWH GD GULQJHQGH JHVFKlIWOLFKH $EPDFKXQJHQ VHLQH $QZHVHQKHLW YRU GUHL 8KU XQP|JOLFK PDFKHQ© ª8QGZDVKDVW GXHUZLGHUW"© ª,FK EHPHUNWH GD GLH $QJHOHJHQKHLW MHGH 9HU]|JHUXQJ XQUDWVDP HUVFKHLQHQOLHH© ª(UJHEQLV"© ª(U ZLUG KLHU VHLQ +HUU 'LH DQGHUHQ KDEHQ RKQH 9RUEHKDOW ]XJHVWLPPW© )LIH OlFKHOWH (LQH KDOEH 6WXQGH KLQ RGHU KHU KlWWH NHLQH5ROOHJHVSLHOW(UZROOWHQXUHLQQHXHV3ULQ]LSHLQIKUHQ'LH *URHQ *URKHUUHQ ZDUHQ ]X HPSILQGOLFK ZDV LKUH 8QDEKlQJLJNHLW DQEHWUDI XQG GLHVH (PSILQGOLFKNHLW PXWH DXIK|UHQ (UZDUWHWH6HLQ=LPPHUZDUVHKUJHUlXPLJ'LHJURH8KUGHUHQ UDGLRDNWLYH.UDIWVHLWWDXVHQG -DKUHQQLFKWYHUVDJWRGHUJHVFKZDQNW KDWWHZLHVDXI8KU'LH8KUNRQQWHMHW]WYLHOOHLFKW

=HXJH YRQ (UHLJQLVVHQ ZHUGHQ GLH HEHQEUWLJ QHEHQ GHQ EHGHXWHQGVWHQ*HVFKHKQLVVHQGHU9HUJDQJHQKHLWVWDQGHQ 'LH 8KU KDWWH LQ LKUHP -DKUWDXVHQG YLHOHV JHVHKHQ $OV VLH LKUH HUVWHQ 6WXQGHQ ]lKOWH ZDU 6DUN HLQ QHXEHVLHGHOWHU 3ODQHW PLW SURYLVRULVFKHQ 6WlGWHQ XQG ]ZHLIHOKDIWHQ %H]LHKXQJHQ ]X GHQ DQGHUHQ lOWHUHQ 0lFKWHQ JHZHVHQ 'DPDOV KDWWH GLH 8KU DQ GHU :DQG HLQHV %DFNVWHLQJHElXGHV JHKDQJHQ GDV LQ]ZLVFKHQ IlQJVW ]HUIDOOHQ ZDU 6LH KDWWH LKUHQ JOHLFKPlLJHQ *DQJ ZlKUHQG GUHLHU NXU]OHELJHU VDUNLWLVFKHU !,PSHULHQ EHLEHKDOWHQ LQ GHQHQ GLH XQGLV]LSOLQLHUWHQ 6ROGDWHQ YRQ 6DUN IU OlQJHUH RGHU NU]HUH =HLW HLQ KDOEHV 'XW]HQG 3ODQHWHQV\VWHPH LQ GHU 8PJHEXQJ UHJLHUWHQ 'LH UDGLRDNWLYHQ $WRPH GHU 8KU ZDUHQ LQ VWHWHP 5HJHOPD H[SORGLHUW DOV GLH )ORWWHQ EHQDFKEDUWHU 0lFKWH GLH 3ROLWLN 6DUNV GLNWLHUWHQ 9RU IQIKXQGHUW -DKUHQ KDWWH VLH XQEHWHLOLJW GLH =HLW DQJH]HLJWDOV 6DUN HQWGHFNWH GD HLQHU GHU LKP DP QlFKVWHQ JHOHJHQHQ +LPPHOVN|USHU )ORULQD HLQHQ XQHUPHOLFKHQ 6FKDW] EHKHUEHUJWH 6LH ZDU VWHWLJ ZHLWHUJHJDQJHQ ZlKUHQG ]ZHLHU VLHJUHLFKHU .ULHJH XP GLHVHQ 3ODQHWHQ 6DUN KDWWH VHLQH ,PSHULHQ DXIJHJHEHQ XQG )ORULQD HQJ DQ VLFK JHNHWWHW XQG ZDU DXI GLHVH :HLVH PlFKWLJ JHZRUGHQPLWGHUVLFKQLFKWHLQPDO7UDQWRUPHVVHQNRQQWH 7UDQWRU ZROOWH )ORULQD EHVLW]HQ $XFK DQGHUH 0lFKWH VWUHEWHQ GDQDFK 'XUFK GLH -DKUKXQGHUWH KLQGXUFK KDWWHQ VLFK VHLWGHP +lQGH QDFK )ORULQD JHVWUHFNW $EHU HV ZDU 6DUN GHVVHQ +DQG HV XPVFKOR XQG 6DUN ZUGH HKHU DXI HLQHQ JDODNWLVFKHQ .ULHJ HLQJHKHQDOVGLHVHQ*ULIIORFNHUQ (VZDU8KU 9RU IDVW HLQHP -DKU KDWWHQ VLFK GLH IQI *URHQ *URKHUUHQ YRQ 6DUN]XPOHW]WHQPDOYHUVDPPHOW'DPDOVZLHKHXWHKDWWHQVLHVLFK KLHULQ)LIHV=LPPHU]XVDPPHQJHIXQGHQ'DPDOVZLHKHXWHKDWWHQ VLH VLFK KLHU LQ GUHLGLPHQVLRQDOHU 9HUJHJHQZlUWLJXQJ !JHWURIIHQ ,P 3ULQ]LS HQWVSUDFK GLHVHV 9HUIDKUHQ GHU GUHLGLPHQVLRQDOHQ 7HOHYLVLRQ LQ /HEHQVJU|H PLW .ODQJ XQG)DUEHbKQOLFKHVZDULQ MHGHPHLQLJHUPDHQZRKOKDEHQGHQ3ULYDWKDXVDXI6DUN]XILQGHQ :DV EHU GDV *HZ|KQOLFKH KLQDXVJLQJ ZDU GDV )HKOHQ HLQHV VLFKWEDUHQ (PSIlQJHUV $XHU )LIH VHOEVW ZDU NHLQHU GHU *URKHUUHQZLUNOLFKDQZHVHQG6LHEHIDQGHQVLFKMHGHUDXIVHLQHP HLJHQHQ.RQWLQHQW=ZDUVDKPDQQLFKWGLH:DQGKLQWHULKQHQ8QG GRFKNRQQWHHLQH+DQGLKUH.|USHUGXUFKGULQJHQ 'HU OHLEOLFKH *URKHUU YRQ 5XQH VD DXI GHU DQGHUHQ 6HLWH GHV 3ODQHWHQ 6HLQ .RQWLQHQW ZDU GHU HLQ]LJH LQ GHP HV ]XU 6WXQGH 1DFKWZDU'HU.XEXVGHUVHLQ$EELOGLQ)LIHV%URXPJDEKDWWH GDVNDOWHZHLH6FKLPPHUQNQVWOLFKHQ/LFKWV ,Q )LIHV =LPPHU ZDU OHLEOLFK RGHU DOV $EELOG 6DUN VHOEVW

YHUVDPPHOW (V ZDU HLQH VHOWVDPH XQG QLFKW JDQ] ZUGLJH 5HSUlVHQWDWLRQ GHV 3ODQHWHQ 5XQH IHWW NDKON|SILJ XQG U|WOLFK %DOO JUDX WURFNHQ XQG UXQ]HOLJ 6WHHQ JHSXGHUW XQG JHVFKPLQNW PLW GHP YHU]ZHLIHOWHQ /lFKHOQ HLQHV YHUEUDXFKWHQ 0DQQHV GHU HLQH /HEHQVNUDIW YRUWlXVFKWH GLH HU QLFKW PHKU EHVD %RUWV *OHLFKJOWLJNHLW JLQJ VR ZHLW GD HU HLQHQ ]ZHL 7DJH DOWHQ %DUW XQGVFKPXW]LJH)LQJHUQlJHO]XU6FKDXWUXJ 8QGGRFKZDUHQVLHGLHIQI*URHQ*URKHUUHQYRQ6DUN 6LH EHNOHLGHWHQ GHQ K|FKVWHQ GHU GUHL 5lQJH UHJLHUHQGHU 3HUV|QOLFKNHLWHQDXIGHP3ODQHWHQ'HQQLHGHUVWHQKDWWHQQDWUOLFK GLH IORULQLVFKHQ 9HUZDOWXQJVDQJHVWHOOWHQ LQQH 6LH EOLHEHQ VLFK GXUFK DOOH :HFKVHOIlOOH JOHLFK XQEHUKUW YRQ $XIVWLHJ XQG 1LHGHUJDQJ GHU HLQ]HOQHQ $GHOVKlXVHU 6LH ZDUHQ HV GLH LQ :LUNOLFKNHLW GLH $FKVHQ |OWHQ XQG GDV 5lGHUZHUN GHU 5HJLHUXQJ DQWULHEHQ hEHU LKQHQ VWDQGHQ GLH 0LQLVWHU GLH YRQ HLQHP HUEOLFKHQ XQG PDFKWORVHQ 6WDDWVFKHI HUQDQQW ZXUGHQ 'LH 1DPHQ GHU 0LQLVWHU XQG GHU GHV 6WDDWVFKHIV ZXUGHQ DXI DPWOLFKHQ 'RNXPHQWHQ EHQ|WLJW XP VLH JHVHW]HVJOWLJ ]X PDFKHQ ,KUH HLQ]LJH 3IOLFKW EHVWDQGGDULQ8UNXQGHQ]XXQWHU]HLFKQHQ 'HQ K|FKVWHQ 5DQJ KDWWHQ GLHVH IQI LQQH XQG MHGHU YRQ LKQHQ UHJLHUWHHLQHQ.RQWLQHQW6LHNRQWUROOLHUWHQGHQ.\UWKDQGHOXQGGLH (LQQDKPHQGLHGDUDXVHU]LHOWZXUGHQ(VZDUGDV*HOGGDV0DFKW YHUOLHKXQGGLH3ROLWLNDXI6DUNGLNWLHUWH'LHVHIQIKDWWHQHV8QG YRQLKQHQZLHGHUXPEHVD)LIHGDVPHLVWH 'HU *URKHUU YRQ )LIH KDWWH DQ MHQHP 7DJ YRU IDVW HLQHP -DKU ]X GHQ DQGHUHQ YLHU +HUUHQ GHV ]ZHLWUHLFKVWHQ 3ODQHWHQ GHU 0LOFKVWUDH QDFK7UDQWRUGDVHLQHKDOEH0LOOLRQ+LPPHOVN|USHU EHVD JHVDJW ª,FK KDEH HLQHQ VHOWVDPHQ %ULHI HUKDOWHQ© 'LH DQGHUHQVDJWHQQLFKWV6LHZDUWHWHQ )LIH UHLFKWH VHLQHP 6HNUHWl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|W]OLFK XQVLFKWEDU ZDU %RUW KDWWH GXUFK GLH )LOPERWVFKDIW KLQGXUFKJHJULIIHQ 'LH DQGHUHQ

OlFKHOWHQ6WHHQNLFKHUWH %RUW HUU|WHWH (U ]RJ GHQ $UP ]XUFN XQG VHLQH +DQG ZXUGH ZLHGHUVLFKWEDU ª1XQ© VDJWH )LIH ª6LH KDEHQ HV DOOH JHOHVHQ :HQQ HV ,KQHQ QLFKWVDXVPDFKWZHUGHLFK,KQHQGLH%RWVFKDIWQXQ ODXWYRUOHVHQ GDPLW6LHLKUH%HGHXWXQJYROOHUPHVVHQN|QQHQ© )LIHYHUOLHKMHGHPHLQ]HOQHQ:RUW*HZLFKWDOVZlUHGLH%RWVFKDIW YRQ LKP VHOEVW XQG DOV EHUHLWH HV LKP *HQX VLH ZLUNXQJVYROO YRU]XWUDJHQ ª'LH%RWVFKDIWODXWHW!6LHVLQGHLQ*URHU*URKHUUYRQ6DUNXQG HV JLEW QLHPDQGHQ GHU VLFK PLW ,KQHQ DQ 0DFKW XQG 5HLFKWXP PHVVHQ N|QQWH 'RFK ,KUH 0DFKW XQG ,KU 5HLFKWXP UXKHQ DXI VFKZDFKHQ )XQGDPHQWHQ 6LH P|JHQ JODXEHQ HLQ 9RUUDW DQ .\UW ZLH HU DXI )ORULQD YRUKDQGHQ LVW VHL NHLQHVZHJV HLQ VFKZDFKHV )XQGDPHQW $EHU ZLUG )ORULQD HZLJ H[LVWLHUHQ" 1HLQ )ORULQD NDQQ WDXVHQG -DKUH EHUGDXHUQ (V NDQQ DEHU DXFK PRUJHQ XQWHUJHKHQ 9RQ GLHVHQ EHLGHQ 0|JOLFKNHLWHQ LVW GLH ]ZHLWH ZDKUVFKHLQOLFKHU 1LFKW LFK ZHUGH HV ]HUVW|UHQ VHLHQ 6LH VLFKHU $EHU HV ZLUG DXI HLQH :HLVH ]HUVW|UW ZHUGHQ YRU GHU HV NHLQHQ 6FKXW]JLEW 5HFKQHQ 6LH PLW GLHVHU =HUVW|UXQJ 5HFKQHQ 6LH DXFK GDPLW GD ,KUH 0DFKW XQG ,KU :RKOVWDQG EHUHLWV ]XQLFKWH VLQG 'HQQ LFK IRUGHUH GHQ JU|HUHQ 7HLO GDYRQ,FKJHEH,KQHQ%HGHQN]HLWDEHU ]|JHUQ 6LH QLFKW]XODQJH:HQQ 6LHYHUVXFKHQVLFK]XODQJH=HLW ]XODVVHQZHUGHLFKLQGHUJHVDPWHQ0LOFKVWUDHXQGLQVEHVRQGHUH DXI )ORULQD GLH :DKUKHLW EHU GLH NRPPHQGH .DWDVWURSKH YHUEUHLWHQ 'DQDFK ZLUG HV NHLQHQ .\UW PHKU JHEHQ NHLQHQ :RKOVWDQGIU6LHNHLQH0DFKWDXFKQLFKWIUPLFKGRFKLFKELQ HV JHZ|KQW )U 6LH GDJHJHQ ZlUH GDV DXHURUGHQWOLFK HUQVW GHQQ 6LHZXUGHQLQJURHP:RKOVWDQGJHERUHQ hEHUVFKUHLEHQ6LHPLU GHQJU|WHQ7HLO,KUHV%HVLW]HVLQGHU+|KHXQGDXIGLH$UWZLHLFK HV ,KQHQ LQ QDKHU =XNXQIW GLNWLHUHQ ZHUGH XQG 6LH VROOHQ LP VLFKHUHQ %HVLW] GHV 5HVWHV EOHLEHQ (V ZLUG ,KQHQ QLFKW YLHO JHODVVHQ JHPHVVHQ DQ ,KUHP JHJHQZlUWLJHQ %HVLW] $EHU HV ZLUG PHKU VHLQ DOV GDV 1LFKWV GHP 6LH DQGHUQIDOOV JHJHQEHUVWHKHQ $FKWHQ 6LH GHQ 5HVW QLFKW JHULQJ GHQ 6LH EHKDOWHQ )ORULQD NDQQ ,KU /HKHQ EHUGDXHUQ XQG DXFK 6LH ZHUGHQ OHEHQ ZHQQ QLFKW LQ 9HUVFKZHQGXQJVRGRFKDQJHQHKP© )LIH KDWWH JHHQGHW (U UROOWH GHQ )LOP YRUVLFKWLJ ]X HLQHP VLOEULJ GXUFKVFKHLQHQGHQ=\OLQGHU]XVDPPHQ ,P *HVSUlFKVWRQ IXKU HU IRUW ª(LQ DPVDQWHU%ULHI(UWUlJWNHLQH 8QWHUVFKULIW XQG VHLQ 7RQ LVW ZLH 6LH JHK|UW KDEHQ KRFKWUDEHQG XQGSRPS|V:DVKDOWHQ6LHGDYRQPHLQH+HUUHQ"© 5XQHV U|WOLFKHV *HVLFKW GUFNWH 0LYHUJQJHQ DXV ª(V LVW

RIIHQEDU GDV :HUN HLQHV 0DQQHV GHU QLFKW ZHLW YRP ,UUVLQQ HQWIHUQW LVW© VDJWH HU ª(U VFKUHLEW LP 6WLO HLQHV KLVWRULVFKHQ 5RPDQV 2IIHQ JHVDJW )LIH LFK VHKH QLFKW HLQ GD VROFK HLQ 8QIXJ HLQ KLQUHLFKHQGHU $QOD LVW GLH 7UDGLWLRQ XQVHUHU NRQWLQHQWDOHQ $XWRQRPLH ]X EUHFKHQ XQG XQV ]XVDPPHQ]XUXIHQ 8QG DXHUGHP ZQVFKHLFKQLFKWGDGLHVDOOHVLQGHU*HJHQZDUW,KUHV6HNUHWlUV YHUKDQGHOWZLUG© ª0HLQHV 6HNUHWlUV" :HLO HU )ORULQLHU LVW" )UFKWHQ 6LH VHLQ *HLVW N|QQWH GXUFK VROFK HLQHQ %ULHI YHUZLUUW ZHUGHQ"© )LIHV 7RQ ZHFKVHOWH YRP JHODVVHQHQ $PVHPHQW]XP WHLOQDKPVORVHQ %HIHKO EHU ª'UHKHGLFK]XP*URKHUUQYRQ5XQHXP© 'HU6HNUHWlUWDWHV(UVFKOXJGLH$XJHQGLVNUHWQLHGHU6HLQZHLHV *HVLFKWZDUIDOWHQORVXQGRKQHMHGHQ$XVGUXFN ª'LHVHU )ORULQLHU© VDJWH )LIH RKQH 5FNVLFKW DXI GLH$QZHVHQKHLW GHV 0DQQHV ªLVW PHLQ /HLEGLHQHU (U LVW VWlQGLJ LQ PHLQHU 1lKH XQGWULIIWQLHPDOVPLWDQGHUHQVHLQHU$UW]XVDPPHQ$EHUQLFKWDXV GLHVHP*UXQGLVWHUDEVROXWYHUWUDXHQVZUGLJ%HWUDFKWHQ6LHVHLQH $XJHQ6HKHQ6LHQLFKWGDHUGHU*HKLUQVRQGHXQWHU]RJHQZXUGH" (ULVWXQIlKLJHLQHQ*HGDQNHQ]XKHJHQGHUDXFKQXUGLHJHULQJVWH 8QWUHXH PLU JHJHQEHU EHGHXWHQ N|QQWH 2KQH 6LH YHUOHW]HQ ]X ZROOHQ NDQQ LFK VDJHQ GD LFK LKP HKHU WUDXHQ ZUGH DOV LUJHQGHLQHPYRQ,KQHQ© %RUW ODFKWH ª'DV JODXEH LFK JHUQ .HLQHU YRQ XQV NDQQ VLFK GHU 7UHXH HLQHV IORULQLVFKHQ 'LHQHUV UKPHQ GHU PLW GHU 6RQGH EHKDQGHOWZXUGH© 6WHHQ NLFKHUWH XQQDWUOLFK XQG UHNHOWH VLFK DXI VHLQHP 6WXKO DOV IlQGH HU ODQJVDP *HIDOOHQ DQ GLHVHU 6LW]XQJ .HLQHU PDFKWH LUJHQGHLQHZHLWHUH%HPHUNXQJ ]X)LIHV*HEUDXFKGHU*HKLUQVRQGH )LIH ZlUH DXFK VHKU HUVWDXQW JHZHVHQ HLQHQ HQWVSUHFKHQGHQ .RPPHQWDU ]X K|UHQ 'LH $QZHQGXQJ GHU *HKLUQVRQGH ]X HLQHP DQGHUHQ =ZHFN DOV GHU +HLOXQJ YRQ *HLVWHVNUDQNHQ RGHU GHU $XVVFKDOWXQJ NULPLQHOOHU 5HJXQJHQ ZDU YHUERWHQ 6WUHQJ JHVSURFKHQ(VZDUDXFKGHQ*URHQ*URKHUUHQXQWHUVDJW 'HQQRFKEHQXW]WH)LIHGLH6RQGHZDQQLPPHUHUHVIUDQJHEUDFKW KLHOW XQG LQVEHVRQGHUH GDQQ ZHQQ HV VLFK XP HLQHQ )ORULQLHU KDQGHOWH (LQHQ 6DUNLWHQ PLW GHU 6RQGH ]X EHKDQGHOQ ZDU HLQH ZHVHQWOLFK GHOLNDWHUH $QJHOHJHQKHLW 'HU *URKHUU YRQ 6WHHQ GHVVHQ 9HUOHJHQKHLW EHL GHU (UZlKQXQJ GHU 6RQGH NHLQHP HQWJDQJHQ ZDU ZDU ZRKOEHNDQQW GDIU GD HU )ORULQLHU EHLGHUOHL *HVFKOHFKWV PLW GHU *HKLUQVRQGH EHKDQGHOWH XQG IU =ZHFNH EHQXW]WH GLH QLFKW LP HQWIHUQWHVWHQ HWZDV PLW 6HNUHWlUGLHQVWHQ ]X WXQKDWWHQ

ª1XQ© )LIH IDOWHWH GLH SOXPSHQ +lQGH ªLFK KDEH 6LH QLFKW ]XVDPPHQJHUXIHQ XP ,KQHQ GHQ %ULHI HLQHV ,UUHQ YRU]XOHVHQ ,FK IUFKWHYLHOPHKUGDZLUHLQHPHUQVWHQ3UREOHPJHJHQEHUVWHKHQ 9RU DOOHP IUDJH LFK PLFK ZDUXP VROOWH HU VLFK QXU DQ PLFK ZHQGHQ"=ZDUELQLFKGHUZRKOKDEHQGVWHGHU*URKHUUHQDEHULFK DOOHLQ NRQWUROOLHUH QXU HLQ 'ULWWHO GHV .\UWKDQGHOV :LU IQI KDEHQ GHQ JHVDPWHQ +DQGHO LQ +lQGHQ (V LVW HEHQVR HLQIDFK IQI .RSLHQHLQHV %ULHIHVKHU]XVWHOOHQZLHHLQH© ª6LH JHEUDXFKHQ ]X YLHOH :RUWH© PXUUWH %RUW ª:DV ZROOHQ 6LH HLJHQWOLFK"© ª(UP|FKWHZLVVHQPHLQ+HUUYRQ%RUWREDXFKZLU.RSLHQGLHVHV %ULHIHVHUKDOWHQKDEHQ©EHOHKUWHLKQ%DOOH ª'DQQVROOHUHVVDJHQ© ª,FKGDFKWH LFKKlWWHHVJHVDJW©PHLQWH)LIHJOHLFKPWLJ ª1XQ"© 6LH EOLFNWHQ HLQDQGHU DQ ]ZHLIHOQG RGHU KHUDXVIRUGHUQG ZLH HV GHP:HVHQMHGHVHLQ]HOQHQHQWVSUDFK5XQHPHOGHWHVLFKDOVHUVWHU ]X :RUW 6HLQH U|WOLFKH 6WLUQ ZDU IHXFKW XQG HU ]RJ HLQ ZHLFKHV .\UWWXFK DXV GHU 7DVFKH XP VLFK GHQ 6FKZHL DXV GHQ )DOWHQ ]X ZLVFKHQGLHLP+DOENUHLVYRQ2KU]X2KUOLHIHQ ª'DV ZHL LFK QLFKW )LIH ,FK NDQQ MD PHLQH 6HNUHWlUH IUDJHQ GLH EULJHQVGXUFKZHJ6DUNLWHQVLQG$XHUGHP ZHQQVROFKHLQ%ULHI PHLQ %UR HUUHLFKW KlWWH ZlUH HU DOV ZLH VDJWHQ ZLU GRFK" DOV GDV:HUNHLQHV9HUUFNWHQEHWUDFKWHWZRUGHQ(UZlUHQLHLQPHLQH +lQGH JHODQJW (V OLHJW QXU DQ ,KUHP HLJHQHQ 6HNUHWDULDWVV\VWHP GD HV ,KQHQ QLFKW HUVSDUW EOLHE GLHVHQ 8QIXJ XQWHU GLH $XJHQ ]X EHNRPPHQ© (U EOLFNWH VLFK XPXQGOlFKHOWH6HLQ=DKQIOHLVFKVFKLPPHUWHEHU XQG XQWHU NQVWOLFKHQ =lKQHQ DXV &KURPVWDKO 'LHVH =lKQH EHUWUDIHQ DQ )HVWLJNHLW MHGHQ (OIHQEHLQ]DKQ 6HLQ /lFKHOQ ZDU HUVFKUHFNHQGHUDOVHVVHLQILQVWHUHU%OLFNMHVHLQNRQQWH %DOOH ]XFNWH GLH $FKVHOQ ª,FK JODXEH ZDV 5XQH HEHQ JHVDJW KDW WULIIWIUXQVDOOH]X© 6WHHQ NLFKHUWH ª,FK OHVH EHUKDXSW NHLQH 3RVW :LUNOLFK QLFKW (V LVW HUVWHQV ODQJZHLOLJ ]ZHLWHQV HUKDOWH LFK GHUDUWLJH 0HQJHQ GD LFKHLQIDFKGLH=HLWQLFKWGDIUDXIEULQJH©(UEOLFNWHVLFKHUQVWXP DOV ZlUH HV QRWZHQGLJ GLH 9HUVDPPOXQJ YRQ GLHVHU 7DWVDFKH ]X EHU]HXJHQ ª:DV LVW HLJHQWOLFK ORV PLW HXFK DOOHQ"© VFKQDX]WH %RUW ª)UFKWHW LKU HXFK HWZD YRU )LIH" 6FKDXHQ 6LH KHU)LIH,FKKDEHEHUKDXSW NHLQHQ 6HNUHWlU ZHLO LFK QLHPDQGHQ EUDXFKHQ NDQQ GHU ]ZLVFKHQ PLUXQGPHLQHP*HVFKlIWVWHKW,FKKDEHHLQH.RSLHGLHVHV%ULHIHV EHNRPPHQXQGLFKELQVLFKHUGLHVHGUHLDXFK:ROOHQ6LHZLVVHQ ZDV LFK PLW LKU JHWDQ KDEH" ,FK KDEH VLH LQ GHQ 3DSLHUNRUE

JHZRUIHQXQGLFKUDWH,KQHQGDVJOHLFKH]XWXQ8QGQXQ 6FKOX LFK ELQ PGH© 6HLQH +DQG KRE VLFK QDFK GHP 6FKDOWHU GHU GHQ .RQWDNW XQWHUEUHFKHQ ZUGH XQG VHLQ $EELOG DXV )LIHV %UR HQWOLHH ª(LQHQ 0RPHQW %RUW© )LIHV 6WLPPH NODQJ KDUW ª,FK ELQ QRFK QLFKW IHUWLJ 6LH ZROOHQ GRFK QLFKW GD ZLU RKQH 6LH 0DQDKPHQ HUJUHLIHQXQG(QWVFKOVVHIDVVHQ"©ª%OHLEHQ6LHGD%RUW©GUlQJWH 5XQH EHVlQIWLJHQG REZRKO VHLQH NOHLQHQ $XJHQ ]ZLVFKHQ GHQ )HWWZOVWHQ QLFKW EHVRQGHUV OLHEHQVZUGLJ EOLFNWHQ ª,FK IUDJH PLFK ZDUXP )LIH VLFK EHUKDXSW PLW VROFKHQ .LQNHUOLW]FKHQ DEJLEW©ª1XQ©VDJWH%DOOHXQGVHLQHWURFNHQH6WLPPHNUDW]WHGHQ DQGHUHQ LQ GHQ 2KUHQ ªYLHOOHLFKW JODXEW )LIH XQVHU EULHIVFKUHLEHQGHU )UHXQG KlWWH ,QIRUPDWLRQHQ EHU HLQHQ WUDQWRULQLVFKHQ$QJULII DXI)ORULQD©ª8QVLQQ©VDJWH)LIHª:RKHU VROOWH HU PHKU ZLVVHQ DOV XQVHU *HKHLPGLHQVW" 1HLQ QHLQ (U VSULFKW EHU GLH 9HUQLFKWXQJ )ORULQDV DOV GHQNH HU DQ HLQH SK\VLVFKH XQG QLFKW DQ HLQH SROLWLVFKH 9HUQLFKWXQJ© ª'DV LVW QXQ JODWWHU:DKQVLQQ©VDJWH6WHHQ ª-D" 'DQQ HUNHQQHQ 6LH QLFKW GLH %HGHXWXQJ GHU (UHLJQLVVH GHU OHW]WHQ ]ZHL :RFKHQ© ª:HOFKHU (UHLJQLVVH"© IUDJWH %RUW ª(V VFKHLQW DOV VHL HLQ 5DXPDQDO\WLNHU YHUVFKZXQGHQ 6LFKHU KDEHQ 6LHGDYRQJHK|UW© %RUW EOLFNWH YHUlUJHUW ª$EHO YRQ 7UDQWRU ZROOWH PLU GDYRQ HU]lKOHQ :DV KDW HV GDPLW HLJHQWOLFK DXI VLFK" ,FK KDEH NHLQH $KQXQJZDV5DXPDQDO\WLNHUVLQG© ª+DEHQ 6LH ZHQLJVWHQV GLH .RSLH VHLQHU OHW]WHQ 0HOGXQJ JHOHVHQ GLH HUDQGLHKLHVLJH,5%=ZHLJVWHOOHVDQGWHHKHHUYHUVFKZDQG"© ª$EHOZROOWHVLHPLU]HLJHQ,FK KDEHVLHQLFKWJHOHVHQ© ª8QG ZLH VWHKW HV PLW ,KQHQ"© )LIH EOLFNWH MHGHQ HLQ]HOQHQ KHUDXVIRUGHUQG DQ ª5HLFKW ,KUH (ULQQHUXQJ HLQH :RFKH ]XUFN"© ª,FK KDEH GLH 0HOGXQJ JHOHVHQ© VDJWH 5XQH ª-D LFK HQWVLQQH PLFK 1DWUOLFK (V GUHKWH VLFK HEHQIDOOV XP =HUVW|UXQJ :ROOHQ 6LHGDUDXIKLQDXV"© ª6LHZDUYROOHUHNHOKDIWHU$QGHXWXQJHQGLHNHLQHQ6LQQHUJDEHQ© VDJWH 6WHHQ VFKULOO ª,FK KRIIH ZLUNOLFK QLFKW GD ZLU GDUEHU GLVNXWLHUHQ ,FK NRQQWH $EHO NDXP ORVZHUGHQ 8QG HV ZDU JHUDGH =HLW]XP0LWWDJHVVHQbXHUVWHNHOKDIWZLUNOLFK© ª,FK NDQQ ,KQHQ QLFKW KHOIHQ 6WHHQ© VDJWH )LIH ª:LU PVVHQ GDUEHU UHGHQ 'HU 5DXPDQDO\WLNHU VSUDFK EHU HLQH =HUVW|UXQJ )ORULQDV 8QG JOHLFK]HLWLJ PLW VHLQHP 9HUVFKZLQGHQ HUKDOWHQ ZLU (USUHVVHUEULHIH GLH HEHQIDOOV GLH =HUVW|UXQJ )ORULQD V DQNQGLJHQ ,VW GDV =XIDOO"© ª:ROOHQ6LHGDPLWVDJHQGDGHU5DXPDQDO\WLNHU GLH%ULHIHJHVFKULHEHQKDW"©IOVWHUWHGHUDOWH%DOOH ª1HLQ :DUXP VROOWH HU HV ]XHUVW LQ VHLQHP HLJHQHQ 1DPHQ

SURNODPLHUHQXQGGDQQDQRQ\P"© ª$OV HU GDV HUVWHPDO GDUEHU VSUDFK© VDJWH%DOOHªZDUHUQXUPLW GHUKLHVLJHQ=ZHLJVWHOOHVHLQHV%URVLQ9HUELQGXQJ© ª(LQ (USUHVVHU YHUKDQGHOW ZHQQ LUJHQGZLH P|JOLFK QXU GLUHNW PLWVHLQHP2SIHU© ª:DVYHUPXWHQ6LHDOVR"© ª1HKPHQ ZLU DQ GHU 5DXPDQDO\WLNHU LVW HKUOLFK'DQQ EHILQGHW HU VLFK QXQ LQ GHQ +lQGHQ YRQ DQGHUHQ GLH QLFKW HKUOLFK VLQG QlPOLFKLQGHQ+lQGHQGHU(USUHVVHU© ª8QGZHUVROOGDVVHLQ"© )LIH OHKQWH VLFK ]XUFN 6HLQH /LSSHQ EHZHJWHQ VLFK NDXP ª7UDQWRUQDWUOLFK© 6WHHQILHSVWHª7UDQWRU© ª:DUXPQLFKW"(VJlEHNDXPHLQHQEHVVHUHQ:HJEHU)ORULQDGLH .RQWUROOH ]X HUODQJHQ 'DVLVWVFKOLHOLFKHLQHVGHU+DXSW]LHOHGHU WUDQWRULQLVFKHQ $XHQSROLWLN 8QG ZHQQ VLH HV RKQH .ULHJ HUUHLFKHQ XP VR EHVVHU IU 7UDQWRU :HQQ ZLU GLHVHV XQP|JOLFKH 8OWLPDWXP DEOHKQHQ JHK|UW )ORULQD 7UDQWRU ,JQRULHUHQ ZLU GDJHJHQ GLHVHQ %ULHI XQG HV EOHLEW XQV ZDKUKDIWLJ NHLQH DQGHUH :DKO ZDV ZLUG 7UDQWRU GDQQ WXQ" 1XQ VLH ZHUGHQ XQWHU GHQ IORULQLVFKHQ %DXHUQ *HUFKWH EHU GDV EHYRUVWHKHQGH (QGH GHU :HOW YHUEUHLWHQ (LQH 3DQLN ZLUG LP 9RONH DXVEUHFKHQ 8QG ZDV NDQQ DQGHUHV GDUDXV IROJHQ DOV 8QKHLO" :HOFKH 0DFKW NDQQ HLQHQ 0DQQ ]XU $UEHLW EULQJHQ GHU JODXEW PRUJHQ NlPH GDV (QGH GHU :HOW" 'LH (UQWH ZLUG YHUIDXOHQ GLH /DJHUKlXVHU ZHUGHQ VLFK OHHUHQ 6WHHQ YHUULHE PLW GHP )LQJHU GLH 6FKPLQNH DQ HLQHU VHLQHU :DQJHQ (U EOLFNWH GDEHL LQ HLQHQ 6SLHJHO LQ VHLQHP HLJHQHQ $SSDUWHPHQW GHU DXHUKDOE GHU 5HLFKZHLWH GHV $XIQDKPHJHUlWHV VWDQG ª,FK JODXEH QLFKW GD XQV GDV VW|UHQ NDQQ© VDJWH HU ª:HQQ VLFK GLH 9RUUlWH YHUULQJHUQ JHKHQ GLH 3UHLVH LQ GLH +|KH 1DFK HLQHU :HLOH ZUGH VLFK KHUDXVVWHOOHQ GD )ORULQD LPPHU QRFK H[LVWLHUW XQG GLH %DXHUQ ZUGHQ ZLHGHU DQ GLH $UEHLW JHKHQ $XHUGHP N|QQHQ ZLU GDPLW GURKHQ GHQ ([SRUW ]X GURVVHOQ ,FK ZHL ZLUNOLFK QLFKW ZLH HLQH NXOWLYLHUWH :HOW RKQH .\UW OHEHQ VROO ,FK JODXEHGLHVDOOHVLVWHLQ6WXUPLP:DVVHUJODV:LUNOLFK© %DOOH KDWWH ZlKUHQG GHV OHW]WHQ 7HLOV GHV *HVSUlFKV GLH $XJHQ JHVFKORVVHQ ª(V NDQQ NHLQH 3UHLVVWHLJHUXQJ PHKU JHEHQ :LU KDEHQGLH3UHLVHEHUHLWVLQDEVROXWHU+|KH© ª6R LVW HV© VDJWH )LIH ª8QG 7UDQWRU ZDUWHW RKQHKLQ QXU DXI LUJHQGHLQ =HLFKHQ YRQ 8QRUGQXQJ DXI )ORULQD :HQQ HV GHU 0LOFKVWUDH GHQ $QEOLFN HLQHV 6DUN SUlVHQWLHUHQ N|QQWH GDV XQIlKLJ LVW GLH .\UWOLHIHUXQJHQ ]X JDUDQWLHUHQ ZlUH HV GDV 6HOEVWYHUVWlQGOLFKVWH IU VLH )ORULQD ]X EHVHW]HQ XQG GDV

KHU]XVWHOOHQ ZDV VLH 2UGQXQJ QHQQHQ XP GHQ .\UWKDQGHO DXIUHFKW]XHUKDOWHQ 8QG HV EHVWQGH GLH *HIDKU GD GLH EULJHQ IUHLHQ 0lFKWH XP GHV .\UW ZLOOHQ PLW LKQHQ JHPHLQVDPHV 6SLHO PDFKWHQ %HVRQGHUV GDQQ ZHQQ 7UDQWRU YHUVSUlFKH GDV 0RQRSRO ]X EUHFKHQ GLH 3URGXNWLRQ ]X VWHLJHUQ XQG GLH 3UHLVH ]X VHQNHQ 'DQDFK N|QQWHQ VLH WXQ ZDV VLH ZROOWHQ 'DV LVW IU 7UDQWRU GLH HLQ]LJH 0|JOLFKNHLW )ORULQD DQ VLFK ]X UHLHQ 'HQQ PLW *HZDOW N|QQHQ VLH HV QLFKWULVNLHUHQVRQVWZUGHQGLHIUHLHQ3ODQHWHQGHU *DOD[LV DXHUKDOE GHU WUDQWRULQLVFKHQ (LQIOXVSKlUH VFKRQ DXV UHLQHP6HOEVWHUKDOWXQJVVWUHEHQPLWXQV]XVDPPHQJHKHQ© ª8QG ZDV KDW GDV PLW GHP 5DXPDQDO\WLNHU ]X WXQ"© IUDJWH 5XQH ª:HQQ,KUH7KHRULHVWLPPWPWHVLHDXFKGDVHUNOlUHQ© ª-D 'LHVH 5DXPDQDO\WLNHU VLQG ]XP JU|WHQ 7HLO VHHOLVFK ODELOH 0HQVFKHQ8QGGLHVHUKDWQXQLUJHQGHLQH© )LIHV)LQJHUEHZHJWHQ VLFK DOV EDXWHQ VLH HLQ ]HUEUHFKOLFKHV *HELOGH ªLUJHQGHLQH YHUUFNWH 7KHRULH HQWZLFNHOW (V VSLHOW NHLQH 5ROOH ZDV IU HLQH 7UDQWRU NDQQ VLH QLFKW YHUODXWHQ ODVVHQ ZHLO GDV ,5% VLH VRIRUW GHPHQWLHUHQ ZUGH :HQQ VLH VLFK MHGRFK GHV 0DQQHV EHPlFKWLJHQ XP GLH (LQ]HOKHLWHQ VHLQHU 7KHRULH ]X HUIDKUHQ KDEHQVLHGDGXUFKHWZDVLQGHU+DQGZDVZDKUVFKHLQOLFKIU /DLHQ HLQH REHUIOlFKOLFKH *ODXEZUGLJNHLW EHVLW]W 6LH N|QQHQ GLH 7KHRULH DOV 7DWVDFKH KLQVWHOOHQ 'DV %UR LVW HLQH 0DULRQHWWH 7UDQWRUV6HLQH'HPHQWLVZUGHQZHQQGLH*HVFKLFKWHHUVWHLQPDO )XJHIDWKDWQLFKWVWDUNJHQXJVHLQXPGLH/JH]XVFKODJHQ© ª'DV NOLQJW DOOHV ]X NRPSOL]LHUW© VDJWH %RUW ª+XPEXJ (UVW N|QQHQ VLH HV QLFKW YHUODXWHQ ODVVHQ DEHU GDQQ ZLHGHUXP ZHUGHQ VLHHVGRFKYHUODXWHQODVVHQ© ª6LH N|QQHQ HV QLFKW DOV HUQVWKDIWH ZLVVHQVFKDIWOLFKH 7KHRULH YHUODXWHQ ODVVHQ© VDJWH )LIH JHGXOGLJ ª6LH N|QQHQ HV DEHU DOV *HUFKWYHUEUHLWHQ%HJUHLIHQ6LHGDVQLFKW"© ª:DUXP YHUJHXGHW GDQQ GHU DOWH $EHO VHLQH =HLW GDPLW GHQ 5DXPDQDO\WLNHU]XVXFKHQ"© ª*ODXEHQ6LHHUJLEW|IIHQWOLFKEHNDQQWGDHULKQVFKRQKDW":DV $EHOWXWXQGZDV$EHO]XWXQVFKHLQWVLQG]ZHLJDQ]YHUVFKLHGHQH 'LQJH© ª*XW© VDJWH 5XQH ª:HQQ 6LH UHFKW KDEHQ ZDV VROOHQ ZLU ,KUHU $QVLFKWQDFKWXQ"© ª:LU ZLVVHQ YRQ GHU *HIDKU© VDJWH )LIH ª'DV LVW GDV :LFKWLJVWH :LU ZHUGHQ YHUVXFKHQ GHQ 5DXPDQDO\WLNHU DXVILQGLJ ]X PDFKHQ :LU PVVHQ IHUQHU DOOH XQV EHNDQQWHQ $JHQWHQ 7UDQWRUV LP $XJH EHKDOWHQ $XV LKUHQ +DQGOXQJHQ N|QQHQ ZLU YLHOOHLFKW DXI GHQ 9HUODXI GHU NRPPHQGHQ 'LQJH VFKOLHHQ :LU PVVHQ MHJOLFKH 3URSDJDQGD DXI )ORULQD EHU GLH =HUVW|UXQJ GHV 3ODQHWHQ XQWHUGUFNHQ'DVHUVWH*HPXQNHOGLHVHU$UWPVVHQZLUVRIRUWPLW

GHU VFKlUIVWHQ *HJHQDNWLRQ EHDQWZRUWHQ 8QG YRU DOOHP PVVHQ ZLUHLQLJEOHLEHQ'DVLVWGHUJDQ]H=ZHFNGLHVHU=XVDPPHQNXQIW GLH%LOGXQJHLQHUJHPHLQVDPHQ)URQW:LUVLQGIUGLHNRQWLQHQWDOH $XWRQRPLH XQG LFK ELQ VLFKHU GD QLHPDQG HQWVFKLHGHQHU GDUDXI EHVWHKW DOV LFK $OOHUGLQJV QXU XQWHU QRUPDOHQ 9HUKlOWQLVVHQ 'LHV VLQGMHGRFKNHLQHQRUPDOHQ9HUKlOWQLVVHPHKU6HKHQ6LHGDVHLQ"© 0HKURGHUZHQLJHU]|JHUQGGHQQGLHNRQWLQHQWDOH$XWRQRPLHZDU QLFKW HWZDV GDV PDQ OHLFKWIHUWLJ DXIJDE VDKHQ VLH HV HLQ ª*XW 'DQQ ZHUGHQ ZLU GHQ ]ZHLWHQ 6FKULWW DEZDUWHQ© VDJWH )LIH 'LHV ZDU YRU HLQHP -DKU JHZHVHQ XQG HV ZDU GDV NRPSOHWWHVWH )LDVNR JHIROJW GDV GHU*URKHUU YRQ)LIHLQVHLQHUODQJHQ.DUULHUHHUOHEW KDWWH (U ZDUWHWH YHUJHEOLFK DXI GHQ ]ZHLWHQ 6FKULWW (V WUDIHQ NHLQH ZHLWHUHQ %ULHIH HLQ 'HU 5DXPDQDO\WLNHU EOLHE XQDXIILQGEDU ZlKUHQG7UDQWRUVHLQHREHUIOlFKOLFKH6XFKHQDFKLKPIRUWVHW]WH(V ZDU NHLQH 6SXU YRQ DSRNDO\SWLVFKHQ 8QUXKHQ DXI )ORULQD ]X EHPHUNHQXQGGLH(UQWHXQG9HUDUEHLWXQJGHV.\UWJLQJZHLWHU 'HU*URKHUUYRQ5XQHJHZ|KQWHHVVLFKDQ)LIHLQZ|FKHQWOLFKHQ ,QWHUYDOOHQ DQ]XUXIHQ ª)LIH© VDJWH HU GDQQ ªLUJHQG HWZDV 1HXHV"© 8QG VHLQ )HWW ZDEEHOWH GDEHL YRU 9HUJQJHQ )LIH QDKP HVVWXPP XQGXQHUVFKWWHUOLFKKLQ:DVNRQQWHHUWXQ",PPHUXQG LPPHU ZLHGHU SUIWH HU GLH 7DWVDFKHQ (WZDV IHKOWH ,UJHQGHLQ ZLFKWLJHU )DNWRU IHKOWH 8QG GDQQ WUDW SO|W]OLFK GLH :HQGXQJ HLQ (U ZXWH GD HU GLH /|VXQJ JHIXQGHQ KDWWH 8QG GLHVH /|VXQJ KDWWHHUQLFKWHUZDUWHW (UKDWWHGLH.RQIHUHQ]QRFKHLQPDOHLQEHUXIHQ'LH8KU]HLJWHQXQ 8KU %RUW HUVFKLHQ DOV HUVWHU PLW ]XVDPPHQJHNQLIIHQHQ /LSSHQ XQG NUXPPHQ 1lJHOQ PLW GHQHQ HU VLFK GHQ JUDXHQ 6WRSSHOEDUW NUDW]WH 'DQQ 6WHHQ IULVFK JHZDVFKHQ XQG XQJHVFKPLQNW HLQH EODVVHXQJHVXQGH(UVFKHLQXQJ%DOOHJOHLFKJOWLJXQGPGHVHLQH :DQJHQHLQJHIDOOHQVHLQ$UPVHVVHOPLW.LVVHQJHSROVWHUWHLQ*ODV ZDUPH0LOFKDQGHU6HLWH6FKOLHOLFK5XQH]ZHL0LQXWHQ]XVSlW :LHGHU HLQPDO VD HU YHUGULHOLFK LQ GHU 1DFKW 'LHVPDO ZDUHQ VHLQH /LFKWHU VR ZHLW DEJHGURVVHOW GD HU DOV YHUVFKZRPPHQH 0DVVH LQ HLQHP VFKZDU]HQ .XEXV VD GHQ )LIHV /LFKWHU QLFKW HUKHOOWHQ ª0HLQH +HUUHQ© EHJDQQ )LIH ª9RU HLQHP -DKU VSUDFK LFK EHU HLQH IHUQH XQG XQGXUFKVLFKWLJH *HIDKU ,FK ELQ GDEHL LQ HLQH )DOOH JHJDQJHQ 'HQQ GLH *HIDKU LVW QDKH 6HKU QDKH (LQHU YRQ ,KQHQ ZHL EHUHLWV ZDV LFK PHLQH 'LH DQGHUHQ ZHUGHQ HV LQ .U]H HUIDKUHQ© ª:DVZROOHQ6LHGDPLWVDJHQ"©IUDJWH%RUWNXU] ª+RFKYHUUDW©VFKR)LIH]XUFN

'HU)OFKWOLQJ 0\UO\Q 7HUHQV ZDU NHLQ 7DWPHQVFK (U VDJWH VLFK GLHV DOV (QWVFKXOGLJXQJ GDIU GD HU QXQ DOV HU GHQ 5DXPKDIHQ YHUOLH JHLVWLJZLHJHOlKPWZDU (UPXWHVHLQHQ*DQJVRUJIlOWLJEHPHVVHQ1LFKW]XODQJVDPVRQVW ZUGH HU ]X WU|GHOQ VFKHLQHQ 1LFKW IULVFK GUDXIORV ZLH HLQ 3ROL]HLEHDPWHU JHZ|KQOLFK JLQJ HLQHU YRQ GHU 6WUHLIH GHU EHVFKlIWLJWZDUXQGLP%HJULIIVHLQHQ:DJHQ]XEHVWHLJHQ :HQQ HU QXU HLQHQ :DJHQ KlWWH EHVWHLJHQ N|QQHQ 'DV )DKUHQ JHK|UWH OHLGHU QLFKW ]XU $XVELOGXQJ HLQHV )ORULQLHUV QLFKW HLQPDO ]X GHU HLQHV IORULQLVFKHQ 2UWVYHUZDOWHUV (U YHUVXFKWH LP *HKHQ QDFK]XGHQNHQ DEHU HU NRQQWH HV QLFKW (U EUDXFKWH 5XKH XQG 0XH (U KDWWH QXQ HLQHQ 7DJ XQG HLQH 1DFKW XQG ZLHGHU HLQHQ KDOEHQ 7DJ JHKDQGHOW XQG GLHV KDWWH VHLQHQ /HEHQVYRUUDW DQ 1HUYHQDXIJH]HKUW 8QGGRFKZDJWHHUHVQLFKWVWHKHQ]XEOHLEHQ :HQQ HV 1DFKW JHZHVHQ ZlUH KlWWH HU YLHOOHLFKW HLQLJH 6WXQGHQ =HLW ]XP 1DFKGHQNHQ JHKDEW $EHU HV ZDU IUKHU 1DFKPLWWDJ +lWWH HU HLQHQ :DJHQVWHXHUQN|QQHQGDQQ ZlUHHUHLQLJH0HLOHQ YRU GLH 6WDGW JHIDKUHQ XP QDFK]XGHQNHQ EHYRU HU VLFK EHU GHQ QlFKVWHQ 6FKULWW VFKOVVLJ JHZRUGHQ ZDU $EHU HU KDWWH QXU VHLQH %HLQH (U WDXFKWH LQ GHQ 6FKDWWHQ GHU XQWHUHQ 6WDGW (U JLQJ VWHLIHQ 6FKULWWVZLHHLQHFKWHU3ROL]LVW(UVFKZDQJGLH1HXUR3HLWVFKHPLW IHVWHP*ULII'LH6WUDHQZDUHQOHHU'LH(LQKHLPLVFKHQVWU]WHQLQ LKUH+WWHQ8PVREHVVHU 7HUHQV VXFKWH VLFK VHLQ +DXV VRUJIlOWLJ DXV (V ZDU YHUQQIWLJHU HLQHVGHUEHVVHUHQ]XZlKOHQHLQHVPLWIDUELJHQ3ODVWLNVWHLQHQXQG SRODULVLHUWHP )HQVWHUJODV ,Q GHQ HLQIDFKHUHQ +lXVHUQ ZDU PDQ ZLGHUVSHQVWLJHU 'LH /HXWH KDWWHQ GRUW ZHQLJHU ]X YHUOLHUHQ (LQ !EHVVHUHU0DQQDEHUZUGHLKPVHLQH+LOIHJHUDGH]XDXIGUlQJHQ 'DV +DXV IU GDV HU VLFK VFKOLHOLFK HQWVFKLHG ODJ HWZDV DEVHLWV GHU 6WUDH HLQ ZHLWHUHV =HLFKHQ IU :RKOVWDQG (U ZXWH GD HU QLFKW DQ GLH 7U NORSIHQ RGHUVLHHLQVFKODJHQPXWH(UKDWWHHLQH %HZHJXQJ KLQWHU HLQHP )HQVWHU EHPHUNW DOV HU DXI GDV +DXV ]XJLQJ'LH7UZUGHVLFK|IIQHQ 6LH|IIQHWHVLFK (LQ MXQJHV 0lGFKHQ VWDQG LQ GHU 7U ,KUH $XJHQ ZDUHQ ZHLXPUDQGHWH .UHLVH 6LH ZDU VFKODNVLJ XQG WUXJ HLQ .OHLG GHVVHQ 5VFKHQ GHXWOLFK GDV %HVWUHEHQ LKUHU (OWHUQ ]HLJWHQ LKUHQ 6WDQG ]X ZDKUHQ 6LH ]lKOWHQ VLFK QLFKW ]XP !IORULQLVFKHQ *HVLQGHO

'DV 0lGFKHQ DWPHWH UDVFK PLW RIIHQHP 0XQG 6LH WUDW ]XU 6HLWH XQGOLHLKQHLQ 7HUHQV EHGHXWHWH LKU GLH 7U ]X VFKOLHHQ ª,VW GHLQ 9DWHU GD 0lGFKHQ"© 6LHULHIª3D©XQGNHXFKWHGDQQª-D+HUU© !3D WUDW GHPWLJ LQV =LPPHU (V ZDU ]ZDU QLFKWV 1HXHV IU LKQ GD HLQ 3ROL]HLEHDPWHU DQ GHU 7U VWDQG 8QG GRFK ZDU HV EHVVHU ZHQQ HLQ MXQJHV0lGFKHQLKQ HLQOLH6LHZDUZHQLJHUGHU*HIDKU DXVJHVHW]W QLHGHUJHVFKODJHQ ]X ZHUGHQ IDOOV GHU %HDPWH ]RUQLJ VHLQVROOWH ª1DPH©VDJWH7HUHQV ª-DFRIZHQQ6LHJHVWDWWHQ+HUU© ,Q HLQHU GHU 8QLIRUPWDVFKHQ VWDN HLQ GQQHV 1RWL]EXFK 7HUHQV VFKOXJ HV DXI VWXGLHUWH HV NXU] PDFKWH HLQ VWHLIHV 9HUPHUNKlNFKHQ ª-DFRI ,FK P|FKWH MHGHQ $QJHK|ULJHQ GHLQHV +DXVKDOWV VHKHQ 5DVFK© :HQQ HU QLFKW VR KRIIQXQJVORV EHGUFNW JHZHVHQ ZlUH KlWWH 7HUHQV GLH 6LWXDWLRQ IDVW JHQLHHQ N|QQHQ (U ZDU QLFKW LPPXQ JHJHQGLHYHUIKUHULVFKH/XVWDQGHU$XWRULWlW 6LHPDUVFKLHUWHQKLQWHUHLQDQGHUKHUHLQ(LQHPDJHUH)UDXHLQ.LQG YRQ XQJHIlKU ]ZHL -DKUHQ VWUDPSHOWH DXI LKUHP $UP GDQQ GDV 0lGFKHQGDVLKQHLQJHODVVHQKDWWHXQGHLQMQJHUHU%UXGHUª6LQG GDVDOOH"© ª$OOH+HUU©VDJWH-DFRI ª.DQQ LFK ELWWH GDV %DE\YHUVRUJHQ",FKZROOWHHVJHUDGHLQV%HWW EULQJHQ© 'LH )UDX VWUHFNWH LKP GDV .LQG KLQ DOV N|QQH GHU $QEOLFNGHUMXQJHQ8QVFKXOGGDV+HU]HLQHV3ROL]LVWHQHUZHLFKHQ 7HUHQVVFKDXWHVLHQLFKWDQ(LQ3ROL]HLEHDPWHUVWHOOWHHUVLFKYRU KlWWH VLH QLFKW DQJHVFKDXW 8QG HU ZROOWH HLQ 3ROL]HLEHDPWHU VHLQ ª/HJ HV LQV %HWW XQG JLE LKP HLQHQ 6FKQXOOHU GDPLW HV UXKLJ LVW 1XQ]XGLU-DFRI© ª-D+HUU"© ª'X ELVW HLQ YHUWUDXHQVZUGLJHU %XUVFKH QLFKW ZDKU"© (LQ (LQKHLPLVFKHU JOHLFKJOWLJ ZLH DOW ZDU QDWUOLFK LPPHU HLQ %XUVFKH ª-D +HUU© -DFRIV $XJHQ OHXFKWHWHQ ª,FK ELQ $QJHVWHOOWHU LQ GHU 1DKUXQJVPLWWHO]HQWUDOH ,FK KDEH 0DWKHPDWLN JHOHUQW 'H]LPDOUHFKQXQJ,FKNDQQPLW/RJDULWKPHQUHFKQHQ© -D GDFKWH 7HUHQV VLH KDEHQ GLU JH]HLJW ZLH PDQ HLQH /RJDULWKPHQWDIHO EHGLHQW XQG GLU EHLJHEUDFKW ZLH PDQ GDV :RUW DXVVSULFKW (U NDQQWH GHQ 7\S 'HU 0DQQ ZDU VWRO]HU DXI VHLQH /RJDULWKPHQ DOV HLQ MXQJHU *URKHUU DXI VHLQH -DFKW 'DV SRODULVLHUWH )HQVWHUJODV ZDU GLH )ROJH VHLQHU /RJDULWKPHQ XQG GLH

EXQWHQ 6WHLQH GLH GHU 'H]LPDOUHFKQXQJ 6HLQH 9HUDFKWXQJ IU GLH XQJHELOGHWHQ (LQKHLPLVFKHQ VWDQG GHUMHQLJHQ GHV GXUFKVFKQLWWOLFKHQ*URKHUUQIUDOOH3ODQHWHQEHZRKQHUQLFKWQDFK XQGVHLQ+DDXIVLHZDULQWHQVLYHUGDHUXQWHULKQHQOHEHQPXWH XQGYRQVHLQHQ9RUJHVHW]WHQIUHLQHQYRQLKQHQJHKDOWHQZXUGH ª'X DFKWHVW GDV *HVHW] QLFKW ZDKU %XUVFKH" 8QG JODXEVW DQ GLH JXWHQ *URKHUUHQ"© 7HUHQV WDW LPPHU QRFK VR DOV NRQVXOWLHUH HU VHLQ1RWL]EXFK ª0HLQ 0DQQ LVW HLQ JXWHU 0DQQ© PLVFKWH VLFK GLH )UDX ]XQJHQIHUWLJ HLQ ª(U LVW QRFK QLH LQ 6FKZLHULJNHLWHQ JHZHVHQ (U KDW QLFKWV PLW GHP *HVLQGHO ]X WXQ 8QG LFK DXFK QLFKW 8QG GLH .LQGHUDXFKQLFKW:LUKDEHQLPPHU© 7HUHQVEHIDKOLKU]XVFKZHLJHQª1XQVFKDXKHU-DFRI,FKP|FKWH GD GX GLFK KLHU KHUVHW]W XQG WXVW ZDV LFK VDJH ,FK EUDXFKH HLQH /LVWHDOOHU/HXWHLQGLHVHP+lXVHUEORFN1DPHQ$GUHVVHQZDVVLH WXQ XQG ZDV IU HLQH $UW YRQ %XUVFKHQ VLH VLQG EHVRQGHUV GDV OHW]WHUH :HQQ HLQ DXIVlVVLJHU .HUO GDUXQWHU LVW P|FKWH LFK HV ZLVVHQ:LUZHUGHQDXIUlXPHQ9HUVWDQGHQ"© ª-D+HUU'DLVWYRUDOOHP+XVWLQ(UZRKQWDXIGHUDQGHUHQ6HLWH GHV%ORFNV(U© ª1LFKW VR -DFRI 1LPP HLQ %ODWW 3DSLHU XQG VFKUHLE DOOHV DXI $OOHV ZDV GX ZHLW 6FKUHLE ODQJVDP ZHLO LFK GDV *HNULW]HO GHU (LQJHERUHQHQQLFKWOHVHQNDQQ© ª,FKKDEHHLQHJHEWH6FKUHLEKDQG+HUU© ª'DVZHUGHQZLUVHKHQ© -DFRI PDFKWH VLFK DQ VHLQH $XIJDEH 6HLQH +DQG EHZHJWH VLFK ODQJVDP6HLQH)UDXEOLFNWHLKPEHUGLH6FKXOWHU 7HUHQV EHIDKO GHP 0lGFKHQ ª*HK DQV )HQVWHU XQG OD PLFK ZLVVHQ ZHQQ DQGHUH 3ROL]HLEHDPWH KLHU YRUEHLNRPPHQ ,FK P|FKWH PLW LKQHQ VSUHFKHQ $EHU UXI VLH QLFKW KHUHLQ VDJ HV PLU HLQIDFK© -HW]W NRQQWH HU VLFK HQGOLFK HQWVSDQQHQ (U KDWWH VLFK LQPLWWHQGHU *HIDKU HLQHQ VLFKHUHQ 8QWHUVFKOXSI JHVFKDIIHQ $XHU GHP JHUlXVFKYROOHQ 6DXJHQ GHV %DE\V ZDU 6WLOOH 8QG HU ZUGH UHFKW]HLWLJ JHZDUQW ZHUGHQ ZHQQ !.ROOHJHQ NlPHQ 1XQ NRQQWH HUQDFKGHQNHQ 6HLQH 5ROOH DOV 3ROL]LVW ZDU VR JXW ZLH DXVJHVSLHOW =ZHLIHOORV VWDQGHQ6WUDHQVWUHLIHQDQVlPWOLFKHQ$XVJlQJHQGHU6WDGWXQGVLH ZXWHQGDHUDXHUHLQHPGLDPDJQHWLVFKHQ5ROOHUNHLQ)DKU]HXJ VWHXHUQ NRQQWH (V ZUGH QLFKW ODQJH GDXHUQ ELV HV LKQHQ GlPPHUWHGDVLHQXUGXUFKHLQHV\VWHPDWLVFKH'XUFKVXFKXQJ GHU 6WDGW %ORFN IU %ORFN XQG +DXV IU +DXV LKUHQ 0DQQ ILQGHQ NRQQWHQ :HQQ VLH VLFK VFKOLHOLFK GD]X HQWVFKORVVHQ ZUGHQ VLH ]ZHLIHOORV LQ GHQ $XHQEH]LUNHQ EHJLQQHQ XQG VLFK QDFK LQQHQ

YRUDUEHLWHQ 'DQQ NlPH GLHVHV +DXV DOV HLQHV GHU HUVWHQ DQ GLH 5HLKH'HVKDOEZDU7HUHQV =HLWNQDSSEHPHVVHQ %LV MHW]W ZDU GLH 3ROL]HLXQLIRUP WURW] GHV DXIIlOOLJHQ 6FKZDU] XQG 6LOEHU QW]OLFK JHZHVHQ 'LH (LQKHLPLVFKHQ KDWWHQ VLH QLFKW DQJH]ZHLIHOW 6LH ZDUHQ QLFKW VWHKHQJHEOLHEHQ XP VHLQ EODVVHV IORULQLVFKHV*HVLFKWDQ]XVHKHQ'LH8QLIRUPKDWWHJHQJW $EHU QXQ ZUGH PDQ EDOG DXI GHP )XQNZHJ DOOH (LQKHLPLVFKHQ DXIIRUGHUQ MHGHQ 3ROL]LVWHQ IHVW]XKDOWHQ GHU VLFK QLFKW DXVZHLVHQ NDQQ EHVRQGHUV HLQHQ PLW ZHLHU +DXW XQG KHOOHP +DDU 0DQ ZUGHDQDOOH$QJHK|ULJHQGHU3ROL]HL]HLWOLFKEHJUHQ]WH$XVZHLVH YHUWHLOHQ 0DQ ZUGH %HORKQXQJHQ DXVVHW]HQ 9LHOOHLFKW ZlUH YRQ KXQGHUW (LQKHLPLVFKHQ QXU HLQHU PXWLJ JHQXJ GLH 8QLIRUP DQ]XWDVWHQ JOHLFKJOWLJ ZLH RIIHQNXQGLJ IORULQLVFK LKU 7UlJHU DXVVDK $EHUHLQHUYRQKXQGHUWZUGHJHQJHQ 'HVKDOEPXWHHUGLH3ROL]LVWHQ5ROOHDXIJHEHQ 'LHVZDUGDVHLQH8QGGDVDQGHUH HUZUGHYRQMHW]WDQQLUJHQGV DXI)ORULQDVLFKHUVHLQ(LQHQ3ROL]HLEHDPWHQ]XHUPRUGHQZDUGDV VFKZHUVWH9HUEUHFKHQXQGQRFKQDFKIQI]LJ-DKUHQ ZHQQHUGHU *HIDQJHQQDKPH VR ODQJH HQWJHKHQ N|QQWH ZUGH GLH -DJG QDFK LKP DQGDXHUQ 'HVKDOE PXWH HU )ORULQD YHUODVVHQ (U JDE VLFK QRFK HLQHQ 7DJ ]XP /HEHQ 'DV ZDU HLQ VHKU JUR]JLJHU 9RUVFKODJ (U VHW]WH lXHUVWH 'XPPKHLW EHL GHU 3ROL]HL XQG lXHUVWHV*OFNEHLVLFK VHOEVWYRUDXV ,Q HLQHU +LQVLFKW ZDU GLHV HLQ 9RUWHLO %ORH YLHUXQG]ZDQ]LJ 6WXQGHQ /HEHQ ZDU NHLQ KRKHU (LQVDW] (U NRQQWH 5LVLNHQ HLQJHKHQ GLH NHLQ JHLVWLJ JHVXQGHU 0HQVFK DXI VLFK QHKPHQ ZUGH (U VWDQG DXI ª,FK ELQ QRFK QLFKW JDQ] IHUWLJ +HUU ,FK VFKUHLEH VHKUVRUJIlOWLJ©VDJWH-DFRIª=HLJKHU© 7HUHQV ZDUI HLQHQ %OLFNDXIGDV3DSLHUª'DVUHLFKW:HQQ DQGHUH 3ROL]HLEHDPWH KHUHLQNRPPHQ VROOWHQ GDQQ YHUJHXGH QLFKW LKUH =HLW LQGHP GX VDJVW GD GX VFKRQ HLQH /LVWH JHPDFKW KDVW 6LH VLQG LQ (LOH XQG KDEHQ YLHOOHLFKW DQGHUH $XIJDEHQ IU GLFK 7XH HLQIDFKZDVVLHVDJHQ.RPPHQMHW]WZHOFKH"©ª1HLQ+HUU©VDJWH GDV 0lGFKHQ DP )HQVWHU ª6ROO LFK KLQDXVJHKHQ XQG LQ GHU6WUDH VFKDXHQ"© ª1LFKWQ|WLJ:RLVWGHUQlFKVWH$XI]XJ"© ª8QJHIlKUHLQH9LHUWHOPHLOHOLQNV+HUU6LHN|QQHQ© ª6FKRQJXWODPLFKKLQDXV© (LQ7UXSS3ROL]LVWHQERJLQGLH6WUDHHLQDOVGLH7UGHV$XI]XJV KLQWHU 7HUHQV ]XVFKOXJ (U K|UWH VHLQ +HU] KlPPHUQ :DKUVFKHLQOLFK EHJDQQ EHUHLWV GLH 'XUFKVXFKXQJ GHU XQWHUHQ 6WDGW

(LQH 0LQXWH VSlWHU VHLQ +HU] WURPPHOWH LPPHU QRFK WUDW HU LQ GLH REHUH 6WDGW +LHU JDE HV NHLQH 'HFNXQJ NHLQH 6lXOHQ .HLQH =HPHQWVFKLFKW YHUEDUJ LKQ (U NDP VLFK YRU ZLH HLQ ZDQGHOQGHU VFKZDU]HU 3XQNW ]ZLVFKHQ GHP *ODQ] GHU SUlFKWLJHQ *HElXGH (U JODXEWH HU ZlUH DXI ]ZHL 0HLOHQ KLQ ]X VHKHQ *URH 3IHLOH VFKLHQHQDXILKQ]XGHXWHQ (V ZDUHQ NHLQH 8QLIRUPLHUWHQ ]X VHKHQ 'LH *URKHUUHQ GLH YRUEHUJLQJHQ EOLFNWHQ GXUFK LKQ KLQGXUFK :HQQ HLQ 3ROL]HLEHDPWHUIUGLH)ORULQLHUHLQ*HJHQVWDQGGHU)XUFKWZDUVR ZDU HU HLQ 1LFKWV IU HLQHQ *URKHUUQ :HQQ LKQ LUJHQG HWZDV UHWWHQ NRQQWH VR ZDU HV GLHV (U KDWWH HLQH YDJH 9RUVWHOOXQJ YRQ GHU$QODJHGHUREHUHQ6WDGW,UJHQGZRLQGLHVHU*HJHQGPXWHGHU 6WDGWSDUN OLHJHQ 'DV YHUQQIWLJVWH ZlUH JHZHVHQ QDFK GHU 5LFKWXQJ ]X IUDJHQ XQG GDV QlFKVWYHUQQIWLJVWH LUJHQGHLQ KRKHV *HElXGH]XEHWUHWHQXQGYRQGHQ7HUUDVVHQGHUREHUHQ6WRFNZHUNH DXV GLH 8PJHEXQJ ]X EHUSUIHQ 'DV HUVWH ZDU XQGXUFKIKUEDU GHQQHLQ3ROL]HLEHDPWHUHUNXQGLJWHVLFKQLFKWQDFKGHP:HJ'DV ]ZHLWHZDU]XULVNDQW,QHLQHP*HElXGHZlUHHUQRFKDXIIDOOHQGHU JHZHVHQ ]X DXIIDOOHQG (U VFKOXJ GLH 5LFKWXQJ HLQ GLH LKP VHLQH (ULQQHUXQJ DQ GHQ 3ODQ GHU REHUHQ 6WDGW HLQJDE GHQ HU JHOHJHQWOLFKHLQPDOJHVHKHQKDWWH8QGWDWVlFKOLFKJHODQJWHHUQDFK IQI0LQXWHQ]XP6WDGWSDUN 'HU 6WDGWSDUN ZDU HLQH NQVWOLFK DQJHOHJWH *UQDQODJH XQJHIlKU ]ZDQ]LJ +HNWDU JUR $XI 6DUN JHQR GLHVHU 3DUN HLQHQ EHUWULHEHQHQ 5XI LQ YLHOHUOHL +LQVLFKW -H QDFK *HVFKPDFN VFKZlUPWH PDQ YRP LG\OOLVFKHQ )ULHGHQ RGHU GHQ QlFKWOLFKHQ 2UJLHQ $XI )ORULQD VWHOOWHQ LKQ VLFK GLH (LQKHLPLVFKHQ GLH YRQ LKPJHK|UWKDWWHQ]HKQ ELVKXQGHUWPDOJU|HUYRUDOVHUZLUNOLFK ZDUXQGKXQGHUW RGHUWDXVHQGPDOOX[XUL|VHU 'RFK GLH :LUNOLFKNHLW ZDU HUIUHXOLFK JHQXJ ,P PLOGHQ .OLPD )ORULQDV JUQWH GHU 3DUN GDV JDQ]H -DKU EHU ,Q LKP IDQGHQ VLFK 5DVHQSOlW]H NOHLQH :lOGFKHQ 6WHLQJURWWHQ HLQ NOHLQHU 7HLFK PLW GHNRUDWLYHQ )LVFKHQ XQG HLQ JURHU 6HH DXI GHP .LQGHU UXGHUQ NRQQWHQ 1DFKWV ZDU GHU 3DUN GXUFK IDUELJH ,OOXPLQDWLRQHQ EHOHXFKWHWELVGHU OHLFKWH5HJHQHLQVHW]WH,QGHU=HLW]ZLVFKHQGHU 'lPPHUXQJ XQGGHP1DFKWUHJHQJLQJHVDPOHEKDIWHVWHQ]X0DQ WDQ]WH GUHLGLPHQVLRQDOH )LOPH ZXUGHQ YRUJHIKUW XQG 3DDUH VSD]LHUWHQEHUGLHJHZXQGHQHQ:HJH 7HUHQV ZDU QLH LQ GLHVHP 3DUN JHZHVHQ (U IDQG VHLQH .QVWOLFKNHLW DEVWRHQG (U ZXWH GD GLH (UGH XQG 6WHLQH EHU GLH HU JLQJ GDV :DVVHU XQG GLH %lXPH GLH LKQ XPJDEHQ DXI GHU WRWHQ=HPHQWVFKLFKWUXKWHQ(UGDFKWHDQGLHZHLWHQ.\UWIHOGHUDQ GLH %HUJH LP 6GHQ (U YHUDEVFKHXWH GLH )UHPGHQ GLH VLFK LQPLWWHQ GHU +HUUOLFKNHLW )ORULQDV GLHVHV 6SLHO]HXJ JHEDXW KDWWHQ

(LQH KDOEH 6WXQGH ODQJ JLQJ 7HUHQV XQVFKOVVLJ EHU GLH :HJH 1LHPDQG VDK LKQ 1LHPDQG EHWUDFKWHWH LKQ GHVVHQ ZDU HU VLFKHU :HQQ PDQ GLH *URKHUUHQ XQG GLH *URKHUULQQHQ GLH DQ LKP YRUEHUJLQJHQ VSlWHU JHIUDJW KlWWH !+DEHQ 6LH JHVWHUQ LP 3DUN HLQHQ3ROL]LVWHQJHVHKHQ"KlWWHPDQVLHHEHQVRJXWIUDJHQN|QQHQ RELKQHQHLQ=ZHLJDXIGHP:HJDXIJHIDOOHQZDU 7HUHQVVWLHJHLQH7UHSSH]ZLVFKHQ)HOVEO|FNHQHPSRUXQGGDQQLQ HLQH WDVVHQDUWLJH 0XOGH KLQDE DQ GHUHQ 6HLWHQ NOHLQH +|KOHQ DQJHOHJW ZDUHQ GDIU EHVWLPPW 3DDUH ]X VFKW]HQ GLH YRP QlFKWOLFKHQ 5HJHQ EHUUDVFKW ZXUGHQ 8QG GD VDK HU ZDV HU VXFKWH (LQHQ0DQQ(LQHQ*URKHUUQEHVVHUJHVDJW'LHVHUJLQJUDVFKKLQ XQG KHU XQG VRJ XQJHGXOGLJ DQ HLQHP =LJDUUHQVWXPPHO GHQ HU GDQQ LQ HLQHQ $VFKHQEHFKHU ZDUI ZR HU HLQHQ $XJHQEOLFN UXKLJ OLHJHQEOLHEXQGVLFKXQWHUHLQHPNXU]HQ%OLW]]XQLFKWVDXIO|VWH(U EOLFNWHDXIVHLQH7DVFKHQXKU 1LHPDQG VRQVW ZDU LQ GHU 0XOGH (V ZDU HLQH 6WHOOHGLH PDQ QXU DEHQGVXQGLQGHU1DFKWDXIVXFKWH 'HU +HUU ZDUWHWH RIIHQVLFKWOLFK DXI MHPDQGHQ 7HUHQV EOLFNWH VLFK XP1LHPDQGIROJWHLKPGLH7UHSSHKHUDE (VJDEQRFKDQGHUH7UHSSHQDEHUGDVVSLHOWHMHW]WNHLQH5ROOH(U NRQQWH GLH &KDQFH QLFKW YRUEHUJHKHQ ODVVHQ (U VWLHJ YROOHQGV KLQDEXQGJLQJDXIGHQ+HUUQ]X'HU+HUUVDKLKQQDWUOLFKQLFKW ELV7HUHQVVDJWHª9HU]HLKXQJ"© 'DVZDUUHVSHNWYROOJHQXJ$EHUHLQ*URKHUULVWHVQLFKWJHZRKQW YRQ HLQHP 3ROL]HLEHDPWHQ DP (OOERJHQ EHUKUW ]X ZHUGHQ ZLH UHVSHNWYROOGLHVDXFKJHVFKHKHQPRFKWH ª:DVLVWORV]XP7HXIHO"©VDJWHHU 7HUHQV VDJWH HLQGULQJOLFK ª'RUW KLQEHU ELWWH (V LVW ZHJHQ GHU 6XFKHQDFKGHPHLQJHERUHQHQ0|UGHULQGHU6WDGW© ª:RYRQVSUHFKHQ6LH"© ª(VZLUGQXUHLQHQ$XJHQEOLFNGDXHUQ© 8QDXIIlOOLJ KDWWH 7HUHQV VHLQH 1HXUR3HLWVFKH JH]RJHQ 'HU +HUU VDKVLHQLFKW(VVXUUWHHLQZHQLJ'HU*URKHUUHUVWDUUWHXQGNLSSWH XP 7HUHQVKDWWHQRFKQLHGLH+DQGJHJHQHLQHQ*URKHUUQHUKREHQ(U ZDU EHUUDVFKW GDUEHU ZLH VFKXOGLJ HU VLFK IKOWH (U ]RJ GHQ VWHLIHQ .|USHU PLW GHQ JODVLJ VWDUUHQGHQ $XJHQ LQ GLH QlFKVWH +|KOH 'RUWHQWNOHLGHWHHUGHQ0DQQ]RJLKPGHQ$Q]XJYRQGHQVWHLIHQ $UPHQ XQG %HLQHQ ZDUI VHLQH HLJHQH VWDXELJH 3ROL]HLXQLIRUP DE XQG ]RJ GLH 8QWHUZlVFKH GHV +HUUQ DQ =XP HUVWHQPDO IKOWH HU .\UWDXIVHLQHP.|USHU 'DQQIROJWHGLHEULJH.OHLGXQJ GHV*URKHUUQXQGVFKOLHOLFKGLH

0W]H .RSIEHGHFNXQJHQ ZDUHQ QLFKW VHKU PRGHUQ XQWHU GHQ MQJHUHQ *URKHUUHQ DEHU PDQFKH WUXJHQ VLH QRFK XQG ]X LKQHQ ]lKOWH JOFNOLFKHUZHLVH GLHVHU +HUU )U 7HUHQV ZDU GLH 0W]H DEVROXWQRWZHQGLJZHLOVHLQKHOOHV+DDUGLH0DVNHUDGHXQP|JOLFK JHPDFKWKlWWH(U]RJVLHWLHIELVEHUGLH2KUHQKHUDE 'DQQ WDW HU ZDV JHWDQ ZHUGHQ PXWH 'LH (UPRUGXQJ HLQHV 3ROL]HLEHDPWHQZDUZLHHUVLFKSO|W]OLFKEHZXWZXUGHGRFKQLFKW GDVVFKZHUVWH9HUEUHFKHQ (UVWHOOWHVHLQHQ!9HUQLFKWHUDXIJU|WH6WUHXXQJ HLQXQGULFKWHWH LKQ DXI GHQ EHZXWORVHQ *URKHUUQ 1DFK ]HKQ 6HNXQGHQ ZDU QXU QRFKHLQYHUNRKOWHV+lXIFKHQEULJ'LHVZUGHGLH,GHQWLIL]LHUXQJ YHU]|JHUQXQGGLH9HUIROJHUYHUZLUUHQ (U UHGX]LHUWH GLH 3ROL]HLXQLIRUP ]X HLQHP ZHLHQ $VFKHQSXGHU XQG VXFKWH DXV GHP +DXIHQ GLH VFKZDU]JHZRUGHQHQ VLOEHUQHQ .Q|SIH XQG /LW]HQ KHUDXV $XFK GDV ZUGH GLH 9HUIROJXQJ HUVFKZHUHQ 9LHOOHLFKW HUNDXIWH HU VLFK GDPLW QXU HLQH ZHLWHUH 6WXQGH/HEHQDEHUGDVZDUHVZHUW 1XQPXWHHURKQHZHLWHUHQ9HU]XJGLH0XOGHYHUODVVHQ(UEOLHE NXU] YRU GHP (LQJDQJ GHU +|KOH VWHKHQ XQG VFKQXSSHUWH 'LH :DIIH DUEHLWHWH VDXEHU (V ODJ QXU HLQ JDQ] OHLFKWHU *HUXFK QDFK YHUEUDQQWHP)OHLVFKLQGHU /XIWXQGGHU:LQGZUGHLKQLQQHUKDOE ZHQLJHU$XJHQEOLFNHGDYRQWUDJHQ $OVHUGLH0XOGHYHUOLHNDPLKPHLQHMXQJH)UDXHQWJHJHQ(LQHQ $XJHQEOLFN VHQNWH HU DXV *HZRKQKHLW GHQ %OLFN 6LH ZDU HLQH 'DPH(UKREGLH$XJHQUHFKW]HLWLJXP]XVHKHQGDVLHMXQJZDU XQGJXWDXVVDKXQGGDVLHHVHLOLJKDWWH (U EL VLFK DXI GLH /LSSHQ 6LH ZUGH LKQ QDWUOLFK QLFKW ILQGHQ $EHU VLH ZDU ]X VSlW JHNRPPHQ VRQVW KlWWH GHU 0DQQ QLFKW QDFK GHU 8KU JHVHKHQ 6LH NRQQWH GHQNHQ HU ZlUH GHV :DUWHQV EHUGUVVLJ JHZRUGHQ XQG JHJDQJHQ 7HUHQV VFKULWW HLQ ZHQLJ VFKQHOOHUDXV (U ZROOWH QLFKW GD VLH LKP DWHPORV QDFKOLHIH XQG IUDJWH RE HU HLQHQ MXQJHQ 0DQQ JHVHKHQ KDEH (U YHUOLH GHQ 3DUN XQG JLQJ ]LHOORVZHLWHU(LQHKDOEH6WXQGHYHUVWULFK :DV QXQ" (U ZDU NHLQ 3ROL]HLEHDPWHU PHKU (U ZDU HLQ *URKHUU $EHUZDVQXQ"(UEOLHEDXIHLQHPNOHLQHQ3ODW]VWHKHQDXIGHPHLQ 6SULQJEUXQQHQ LQPLWWHQ HLQHV 5DVHQVWFNV VWDQG'HP:DVVHUZDU HLQHNOHLQH0HQJH:DVFKSXOYHUEHLJHIJWVRGDHVVFKlXPWHXQG EXQW VFKLOOHUWH 7HUHQV OHKQWH VLFK DQ GDV *HOlQGHU XQG OLH ODQJVDPJHVFKZlU]WHV6LOEHULQGLH)RQWlQHIDOOHQ(UGDFKWHDQGDV 0lGFKHQ GDV DQ LKP YRUEHUJHJDQJHQ ZDU 6LH ZDU VHKU MXQJ 'DQQ GDFKWHHUDQGLHXQWHUH6WDGWXQGGLH*HZLVVHQVELVVHK|UWHQ DXI 'LH VLOEHUQHQ hEHUEOHLEVHO GHU 3ROL]HLXQLIRUP ZDUHQ YHUVFKZXQGHQ XQG VHLQH +lQGH OHHU /DQJVDP EHJDQQ HU VHLQH

7DVFKHQ ]X GXUFKVXFKHQ XQG WDWVHLQP|JOLFKVWHVGDHVEHLOlXILJ DXVVDK 'LH 7DVFKHQ HQWKLHOWHQ QLFKWV $XHUJHZ|KQOLFKHV (LQ 6FKOVVHOEXQG NDP ]XP 9RUVFKHLQ HLQLJH 0Q]HQ HLQH ,GHQWLILNDWLRQVNDUWH +HLOLJHV 6DUN 6RJDU GLH *URKHUUHQ KDWWHQ $XVZHLVH $EHU VFKOLHOLFK PXWHQ VLH VLH QLFKW MHGHP 3ROL]HLEHDPWHQ YRU]HLJHQ 7HUHQV QHXHU 1DPH ZDU RIIHQEDU $OVWDUH 'HDPRQH (U KRIIWH HU ZUGH LKQ QLFKW EHQXW]HQ PVVHQ ,Q GHU REHUHQ 6WDGW ZRKQWHQ QXU ]HKQWDXVHQG 0lQQHU)UDXHQXQG .LQGHU 'LH 0|JOLFKNHLW GD HU XQWHU LKQHQ MHPDQG WUDI GHU 'HDPRQH SHUV|QOLFK NDQQWH ZDU QLFKW JUR DEHU VLH ZDU DXFK QLFKW JHULQJ 'HDPRQH ZDU QHXQXQG]ZDQ]LJ -DKUH DOW JHZHVHQ :LHGHU IKOWH HU hEHONHLW LQ VLFK DXIVWHLJHQ DOV HU GDUDQ GDFKWH ZDVHULQGHU+|KOH]XUFNJHODVVHQKDWWH'RFKHUNlPSIWHGDJHJHQ DQ (LQ *URKHUU ZDU VFKOLHOLFK HLQ *URKHUU :LH YLHOH QHXQXQG]ZDQ]LJMlKULJH )ORULQLHU ZDUHQGXUFKLKUH+lQGHRGHUDXI LKUH$QZHLVXQJ KLQJHW|WHWZRUGHQ" (LQ IDUELJHV 3RUWUlW HLQHV .QDEHQ YRQ YLHOOHLFKW GUHL -DKUHQ LQ 3VHXGR'UHLGLPHQVLRQ NDP ]XP 9RUVFKHLQ 'LH )DUEHQOHXFKWHWHQ DXIDOVHUHVDXVGHU+OOH]RJXQGYHUEODWHQODQJVDPDOVHUHV ]XUFNVFKRE(LQ6RKQ"(LQ1HIIH"(UKDWWHHLQ0lGFKHQLP3DUN WUHIIHQZROOHQGDKHUNRQQWHHVNHLQ6RKQVHLQ2GHUGRFK":DUHU YHUKHLUDWHW" :DU GLH 9HUDEUHGXQJ HLQH YRQ MHQHQ GLH VLH !*HKHLPQLV QDQQWHQ" :UGH VROFK HLQH 9HUDEUHGXQJ DP KHOOHQ 7DJVWDWWILQGHQ":DUXPQLFKW" 7HUHQV KRIIWH HV :HQQ GDV 0lGFKHQ PLW HLQHP YHUKHLUDWHWHQ 0DQQ YHUDEUHGHW ZDU ZUGH VLH VHLQH $EZHVHQKHLW QLFKW VRIRUW PHOGHQ 6LH ZUGH DQQHKPHQ HU KlWWH VLFK GDKHLP QLFKW IUHL PDFKHQN|QQHQ'DVZUGHLKPZHLWHUH=HLWJHEHQ1HLQHVZUGH LKP NHLQH =HLW JHEHQ 3O|W]OLFK EHUNDP LKQ ZLHGHU GLH 'HSUHVVLRQ .LQGHU GLH 9HUVWHFN VSLHOWHQ ZUGHQ DXI GLH hEHUUHVWH VWRHQ XQG VFKUHLHQG GDYRQODXIHQ 'DV PXWH LQQHUKDOE GHUQlFKVWHQYLHUXQG]ZDQ]LJ6WXQGHQJHVFKHKHQ (U GXUFKVXFKWH QRFK HLQPDO GLH 7DVFKHQ (LQH -DFKWOL]HQ] (U VWHFNWH VLH ZLHGHU HLQ $OOH UHLFKHUHQ 6DUNLWHQ EHVDHQ 5DXPMDFKWHQXQGVWHXHUWHQVLHVHOEVW(VZDUGDV6WHFNHQSIHUGGHV -DKUKXQGHUWV 6FKOLHOLFK HLQLJH VDUNLWLVFKH .UHGLWEHOHJH 'LHVH NRQQWHQYRUEHUJHKHQGQW]OLFKVHLQ (V ILHO LKP HLQ GD HU LQ GHU YHUJDQJHQHQ 1DFKW LP /DGHQ GHV %lFNHUV]XPOHW]WHQPDOHWZDVJHJHVVHQKDWWH :LHSO|W]OLFKPDQ VLFK GHV +XQJHUV EHZXW ZHUGHQ NDQQ 1RFK HLQPDO ]RJ HU GLH -DFKWOL]HQ] DXV GHU 7DVFKH 'LH -DFKW JHK|UWH QXQ LKP +DIHQ +DQJDU6FK|Q :R DEHU ZDU GHU +DIHQ " (U KDXH QLFKW GLH OHLVHVWH $KQXQJ (U OHKQWHGLH6WLUQDQGDVNKOH*HOlQGHU:DVQXQ"

(LQH6WLPPHVFKUHFNWHLKQDXI ª+DOOR'RFKQLFKWHWZDNUDQN"© (VZDUHLQDOWHU6DUNLW(UUDXFKWHHLQHODQJH=LJDUHWWH(LQJUQHU 6WHLQ KLQJ YRQ HLQHP JROGHQHQ $UPEDQG KHUDE 6HLQ $XVGUXFN ]HLJWHIUHXQGOLFKHV,QWHUHVVH'LHVZXQGHUWH7HUHQVGHUDUWLJGDHU HLQHQ$XJHQEOLFNVSUDFKORVZDUELVHUVLFKGDUDQHULQQHUWHGDHU QXQ VHOEVW ]X GLHVHU 6LSSVFKDIW JHK|UWH 8QWHU VLFK NRQQWHQ GLH 6DUNLWHQVHKUOLHEHQVZUGLJH/HXWHVHLQ ª,FK UXKH PLFK QXU HLQ ZHQLJ DXV© VDJWH 7HUHQV ª,FK KDEH HLQHQ 6SD]LHUJDQJ JHPDFKW XQG GDUEHU GLH =HLW YHUJHVVHQ ,FK IUFKWH LFKKDEHPLFKMHW]WIUHLQH9HUDEUHGXQJYHUVSlWHW© (U NRQQWH GHQ $N]HQW GHU 6DUNLWHQ JDQ] JXW QDFKDKPHQ DEHU HU EHJLQJ QLFKW GHQ )HKOHU LKQ EHUWUHLEHQ ]X ZROOHQ hEHUWUHLEXQJ ZDUOHLFKWHU]XHQWGHFNHQDOV8Q]XOlQJOLFKNHLW ª6WHFNHQJHEOLHEHQRKQH6NHHWHUHK"©VDJWHGHUDQGHUH(UZDUGHU lOWHUH 0DQQ GHU VLFK EHU GLH 1DUUKHLWHQ GHU -XJHQG DPVLHUWH ª-D©JDE7HUHQV]X ª1HKPHQ 6LH GRFK PHLQHQ© ERW GHU DQGHUH VRIRUW DQ ª,FK KDEH LKQ GRUW GUEHQ JHSDUNW 6LH N|QQHQ GLH .RQWUROOYRUULFKWXQJ HLQVWHOOHQ XQG LKQ ]XUFNVFKLFNHQ ZHQQ 6LH ]X +DXVH VLQG ,FK EUDXFKHLKQGLHQlFKVWHQ6WXQGHQQLFKW© )U 7HUHQV ZDU GDV IDVW LGHDO 'LH 6NHHWHU ZDUHQ VFKQHOO XQG NRQQWHQ MHGHQ 3ROL]HLZDJHQ EHUKROHQ ,GHDO ZDU GLHVHV $QJHERW QXU LQVRIHUQ QLFKW DOV 7HUHQV HEHQVRZHQLJ HLQHQ 6NHHWHU VWHXHUQ ZLHRKQHHLQHQVROFKHQIOLHJHQNRQQWH ª9RQ KLHU QDFK 6DUN© VDJWH HU (U NDQQWH GLHVHQ VDUNLWLVFKHQ $XVGUXFN IU !GDQNH XQG ZDUI LKQ OlVVLJ LQV *HVSUlFK ª,FK JODXEH LFK JHKH OLHEHU ]X )X (V LVW QLFKW ZHLW ELV ]XP +DIHQ QHXQ© ª1HLQGDVLVWQLFKWZHLW©VWLPPWHGHUDQGHUH]X1XQZDU7HUHQV VR NOXJ ZLH ]XYRU (U YHUVXFKWH HV QRFK HLQPDO ª,FK ZROOWH QDWUOLFK LFK ZlUH VFKRQ GRUW 'HU 6SD]LHUJDQJ GXUFK GLH .\UWVWUDHZDUDQVLFKVFKRQJHVXQGJHQXJ© ª.\UWVWUDH"© 6FKDXWH HU 7HUHQV HWZDV VRQGHUEDU DQ" ª6LH KDEHQ UHFKW© VDJWH 7HUHQV ª,FK KDEH ZlKUHQG GHV 6SD]LHUJDQJV HLQ ZHQLJ GLH 2ULHQWLHUXQJYHUORUHQ© ª6FKDXHQ 6LH :LU VWHKHQ KLHU LQ GHU 5HFNHWVWUDH 6LH EUDXFKHQ QXU JHUDGHDXV ZHLWHU]XJHKHQ ELV ]XU 7ULIILVVWUDH QDFK OLQNV DEELHJHQXQGGDQQZLHGHU]XP+DIHQ© 7HUHQVOlFKHOWHª*DQ]UHFKW,FKPXDXIK|UHQ]XWUlXPHQ 9RQKLHUQDFK6DUN+HUU© ª6LHN|QQHQWURW]GHPPHLQHQ6NHHWHUKDEHQ© ª6HKUIUHXQGOLFKDEHU©

7HUHQV JLQJ HLQ ZHQLJ ]X VFKQHOO (U GUHKWH VLFK QRFK HLQPDO XP 'HU6DUNLWEOLFNWHLKPYHUZXQGHUWQDFK 0RUJHQ ZHQQ VLH GLH hEHUUHVWH GHU /HLFKH LQ GHQ )HOVHQ IlQGHQ ZUGH HU YLHOOHLFKW DQ GLHVHV *HVSUlFK ]XUFNGHQNHQ :DKUVFKHLQOLFKZUGHHUVDJHQ!(UZDULUJHQGZLHNRPLVFKZHQQ 6LHZLVVHQZDVLFKPHLQH(UVSUDFKVRHLJHQDUWLJXQGVFKLHQQLFKW ]X ZLVVHQ ZR HU ZDU ,FK ZHWWH HU KDWWH QLH HWZDV YRQ GHU 7ULIILVVWUDHJHK|UW$EHUGDVZlUHHUVWPRUJHQ7HUHQVJLQJLQGLH 5LFKWXQJ GLH GHU 6DUNLW LKP DQJHJHEHQ KDWWH (U NDP ]X HLQHP OHXFKWHQGHQ6FKLOG!7ULIILVVWUDH(UERJQDFKOLQNVDE $XI +DIHQ ZLPPHOWH HV YRQ -XJHQG LQ -DFKWDQ]JHQ 0DQ OHJWH JURHQ :HUW DXI +WH PLW EUHLWHQ 6FKLUPHQ XQG ZHLWH .QLHKRVHQ 7HUHQV NDP VLFK VHKU DXIIlOOLJ YRU DEHU QLHPDQG VFKLHQ LKQ ]X EHDFKWHQ(UIDQGGHQ+DQJDUZDUWHWHDEHUHLQLJH0LQXWHQHKH HUQlKHUWUDW(UZROOWHQLFKWGDHLQ6DUNLWEHLLKPVWHKHQEOLHEGHU YLHOOHLFKW ]XIlOOLJ HLQH -DFKW LP 1DFKEDU+DQJDU EHVD GHQ ULFKWLJHQ$OVWDUH'HDPRQHYRP6HKHQNDQQWHXQGVLFKIUDJWHZDV HLQ)UHPGHULQGHVVHQ+DQJDU]XVXFKHQKDWWH $OVGLH/XIWUHLQZDUJLQJHUKLQEHU'HU%XJGHU-DFKWUDJWHDXV GHP+DQJDULQVRIIHQH)HOG:DVQXQ" (UKDWWHLQGHQOHW]WHQ]Z|OI6WXQGHQGUHL0lQQHUHUPRUGHW(UZDU YRP IORULQLVFKHQ 2UWVYHUZDOWHU ]XP 3ROL]HLEHDPWHQ DXIJHVWLHJHQ YRP3ROL]HLEHDPWHQ]XP*URKHUUQ(UZDUYRQGHUXQWHUHQ6WDGW LQ GLH REHUH JHNRPPHQ XQG YRQ GHU REHUHQ ]X HLQHP 5DXPKDIHQ 1XQ EHVD HU MHQH -DFKW HLQ UDXPWFKWLJHV )DKU]HXJ GDV LKQ ]X MHGHP EHOLHELJHQ EHZRKQWHQ +LPPHOVN|USHU LQ GLHVHP 6HNWRU GHU 0LOFKVWUDHEULQJHQNRQQWH $EHUHUNRQQWHGLH-DFKWQLFKWVWHXHUQ (U VWDQG DQ GHU *UHQ]H ]XP :HOWUDXP XQG KDWWH QLFKW GLH 0|JOLFKNHLWGLHVH*UHQ]H]XEHUVFKUHLWHQ -HW]W PXWH GLH 3ROL]HL EHUHLWV EHPHUNW KDEHQ GD HU QLFKW LQ GHU XQWHUHQ 6WDGW ZDU 6LH ZUGHQ PLW GHU 6XFKH LQ GHU REHUHQ 6WDGW EHJLQQHQ VREDOG HV LKQHQ GlPPHUWH GD HLQ )ORULQLHU HWZDV 'HUDUWLJHV ZDJWH 'DQQ ZUGH PDQ GLH /HLFKH ILQGHQ XQG GLH 6XFKHQDFKHLQHPIDOVFKHQ6DUNLWHQZUGHEHJLQQHQ8QGHUVWDQG KLHUKXQJULJXQGKXQGHPGH(UZDUELVLQGHQKLQWHUVWHQ:LQNHO GHU 6DFNJDVVH JHJDQJHQ XQG NRQQWH QLFKWV DQGHUHV WXQ DOV ZDUWHQ ELV GLH 9HUIROJHU QlKHU XQG QlKHU NlPHQ XQG ELV VFKOLHOLFK GLH %OXWKXQGHEHULKQKHUILHOHQ 9RU VHFKVXQGGUHLLJ 6WXQGHQ KDWWH HU QRFK GLH JU|WH &KDQFH VHLQHV/HEHQV1XQZDUGLHVH&KDQFHGDKLQXQGVHLQ/HEHQZUGH EDOGIROJHQ

'HU.DSLWlQ (VZDUWDWVlFKOLFKGDVHUVWH0DOJHZHVHQGD.DSLWlQ/XUF5DFHW\ QLFKW LQ GHU /DJH ZDU HLQHP 3DVVDJLHU VHLQHQ :LOOHQ DXI]X]ZLQJHQ 6HOEVW ZHQQ GLHVHU 3DVVDJLHU HLQHU GHU *URHQ *URKHUUHQ JHZHVHQ ZlUH KlWWH HU LPPHU QRFK PLW 9HUQXQIW UHFKQHQ N|QQHQ (LQ *URHU *URKHUU NRQQWH DXI VHLQHP HLJHQHQ .RQWLQHQW DOOPlFKWLJ VHLQ LQ HLQHP 5DXPVFKLII DEHU KlWWH HU JHZXWGDHVKLHUQXUHLQHQ+HUUQJHEHQNRQQWH GHQ.DSLWlQ %HLHLQHU)UDXZDUGDVDQGHUVEHLMHGHU)UDX8QGPLWHLQHU)UDX GLH GLH 7RFKWHU HLQHV *URHQ *URKHUUQ ZDU NRQQWH PDQ QLFKW YHUKDQGHOQ ª*QlGLJH )UDX© VDJWH HU ª,FK NDQQ ,KQHQ EHLP EHVWHQ :LOOHQ QLFKWHUODXEHQPLWGHQ*HIDQJHQHQ]XVSUHFKHQ© ª:DUXPQLFKW"©VDJWH6DPLDYRQ)LIHª6LQGVLHEHZDIIQHW"© ª1DWUOLFKQLFKW'DUXPKDQGHOWHVVLFKQLFKW© ª6LH VHKHQ GRFK VHOEVW GD VLH QLFKWV DOV ]ZHL ]X 7RGH HUVFKURFNHQH*HVFK|SIHVLQG© ª/HXWHGLHVLFKIUFKWHQN|QQHQVHKUJHIlKUOLFKVHLQ© ª:DUXP lQJVWLJHQ 6LH GLH EHLGHQ GDQQ QRFK PHKU"© :HQQ VLH ]RUQLJ ZDU VWRWWHUWH VLH HWZDV ª6LH KDEHQ GUHL ULHVLJH EHZDIIQHWH 5DXPSLORWHQ YRU GLHVHQ DUPHQ *HVFK|SIHQ DXIJHVWHOOW ,FK ZHUGH GDVQLFKWYHUJHVVHQ.DSLWlQ©1HLQGDVZUGHVLHQLFKWYHUJHVVHQ GDFKWHGHU.DSLWlQ(UEHUOHJWH ª:ROOHQ (XHU *QDGHQ PLU JHQDX VDJHQ ZDV 6LH YRUKDEHQ"© ª'DV LVW JDQ] HLQIDFK ,FK KDEH HV ,KQHQ VFKRQ JHVDJW ,FK P|FKWH PLW GHQ /HXWHQ VSUHFKHQ :HQQ HV )ORULQLHU VLQG ZLH 6LH VDJHQ NDQQ LFK YRQ LKQHQ YLHOOHLFKW XQJHKHXHU ZHUWYROOH ,QIRUPDWLRQHQ IU PHLQ%XFKHUKDOWHQ(VNRPPWDEHU]ZHLIHOORVQLFKWVGDEHLKHUDXV ZHQQ VLH ]X YHUlQJVWLJW VLQG :HQQ LFK PLW LKQHQ DOOHLQ VHLQ N|QQWH ZlUH DOOHV LQ 2UGQXQJ $OOHLQ .DSLWlQ .|QQHQ 6LH HLQ HLQIDFKHV:RUWYHUVWHKHQ"$OOHLQ© ª8QG ZDV VROO LFK ,KUHP 9DWHU VDJHQ JQlGLJH )UDX ZHQQ HU HUIlKUW GD LFK 6LH XQEHZDFKW ]ZHL YHU]ZHLIHOWHQ .ULPLQHOOHQ JHJHQEHUWUHWHQOLH"© ª9HU]ZHLIHOWH .ULPLQHOOH *URHU :HOWUDXP =ZHL DUPH 1DUUHQ GLH YHUVXFKW KDEHQ LKUHP 3ODQHWHQ ]X HQWULQQHQ XQG HLQIlOWLJ JHQXJ ZDUHQ HLQ 5DXPVFKLII ]X EHWUHWHQ GDV QDFK 6DUN IOLHJW $XHUGHP9RQZHPVROOWHHVPHLQ9DWHUHUIDKUHQ"© ª:HQQGLH/HXWH6LHYHUOHW]HQHUIlKUWHUHV© ª:DUXP VROOWHQ VLH PLFK YHUOHW]HQ"© ,KUH NOHLQH )DXVW KRE VLFK XQG]LWWHUWHZlKUHQGVLHDOOHYHUIJEDUH.UDIWLQLKUH6WLPPHOHJWH ª,FKYHUODQJHHV.DSLWlQ©

ª,FK PDFKH ,KQHQ HLQHQ 9RUVFKODJ JQlGLJH )UDX ,FK ZHUGH QLFKW ZLH GUHL EHZDIIQHWH 0lQQHU ZLUNHQ $QGHUQIDOOV© XQG QXQ OHJWH DXFK HU DOOHYHUIJEDUH5HVROXWLRQLQVHLQH6WLPPH ªPXLFK,KU 9HUODQJHQDEOHKQHQ© ª$OVR JXW 6HKU JXW $EHU ZHQQ LFK GLH EHLGHQ ZHJHQ ,KQHQ QLFKW ]XP 6SUHFKHQ EULQJH ZHUGH LFK SHUV|QOLFK GDIU VRUJHQ GD 6LH QDFKGLHVHU5HLVHNHLQ.DSLWlQPHKUVLQG© 9DORQD OHJWH KDVWLJ GLH +DQG EHU 5LNV $XJHQ DOV 6DPLD LQ GHQ 5DXPWUDW ª:DV LVW ORV 0lGFKHQ"© IUDJWH 6DPLD VFKDUI HKH VLH VLFK GDUDQ HULQQHUWHGDVLH]ZDQJORVPLWLKQHQVSUHFKHQZROOWHª(ULVWQLFKW JDQ]QRUPDOJQlGLJH)UDX(UZHLQLFKWGD6LHHLQH'DPHVLQG (U KlWWH 6LH YLHOOHLFKW DQJHVFKDXW ,FK PHLQH RKQH LUJHQG HWZDV 6FKOLPPHVGDEHL]XGHQNHQ© ª$FKGXOLHEH=HLW©VDJWH6DPLDª6ROOHUPLFKGRFKDQVFKDXHQ© 8QG]XP.DSLWlQJHZDQGWIXKUVLHIRUWª0VVHQVLHXQEHGLQJWLQ GLHVHP*HUlWHUDXPEOHLEHQ"© ª6ROO LFK LKQHQ HLQ /X[XVDSSDUWHPHQW ]XZHLVHQ JQlGLJH )UDX"© ª$EHU 6LH N|QQHQ HLQ ZHQLJHU VFKUHFNOLFKHV *HIlQJQLV IU VLH ILQGHQ© ª(VNRPPWQXU,KQHQVFKUHFNOLFKYRUJQlGLJH)UDX,FKELQVLFKHU GD HV IU GLHVH /HXWH KLHU NRPIRUWDEHO LVW 6LH KDEHQ IOLHHQGHV :DVVHU )UDJHQ 6LH RE HV GDV LQ LUJHQGHLQHU YRQ LKUHQ +WWHQ JDE© ª*XW6DJHQ6LHGLHVHQ0lQQHUQGDVLHVROOHQJHKHQ© 'HU.DSLWlQQLFNWHLKQHQ]XXQGVLHJLQJHQKLQDXV'DQQVWHOOWHHU GHQ OHLFKWHQ $OXPLQLXPVWXKO DXI GHQ HU PLWJHEUDFKW KDWWH 6DPLD QDKP3ODW] ª6WHKWDXI©VDJWHHUVFKURII]X5LNXQG9DORQD 6DPLD XQWHUEUDFK LKQ VRIRUW ª1HLQ %OHLEW VLW]HQ 6LH VROOHQ VLFK QLFKWHLQPLVFKHQ.DSLWlQ© 6LH ZDQGWH VLFK DQ 9DORQD ª'X ELVW DOVR HLQH )ORULQLHULQ 0lGFKHQ"© 9DORQDVFKWWHOWHGHQ.RSIª:LUVLQGYRQ:RWH[© ª'X EUDXFKVW NHLQH $QJVW ]X KDEHQ (V PDFKW QLFKWV DXV GD GX YRQ)ORULQDELVW1LHPDQGZLUGGLUHWZDVDQWXQ© ª:LUVLQGYRQ:RWH[© ª6LHKVWGXQLFKWHLQGDGXSUDNWLVFKVFKRQ]XJHJHEHQKDVWGDGX YRQ )ORULQD ELVW" :DUXP KDVW GX GLH $XJHQ GHV %XUVFKHQ EHGHFNW"© ª(UGDUIHLQH'DPHQLFKWDQVHKHQ© ª$XFKZHQQHUYRQ:RWH[LVW"© 9DORQDVFKZLHJ 6DPLD OLH VLH GDUEHU QDFKGHQNHQ 6LH YHUVXFKWH IUHXQGOLFK ]X

OlFKHOQ ª1XU )ORULQLHUQ LVW HV YHUERWHQ 'DPHQ DQ]XVHKHQ 'X VLHKVWGXKDVW]XJHJHEHQGDGXHLQH)ORULQLHULQELVW© 9DORQDV 6WLPPH EHUVFKOXJ VLFK ª$EHU HU LVW QLFKW YRQ )ORULQD© ª$EHUGX"© ª-DDEHUHUQLFKW7XQ6LHLKPQLFKWV(ULVWZLUNOLFKNHLQ)ORULQLHU 0DQ KDW LKQ JHIXQGHQ ,FK ZHL QLFKW ZRKHU HU VWDPPW DEHU MHGHQIDOOVQLFKWYRQ)ORULQD©3O|W]OLFKZDUVLHIDVWUHGHJHZDQGW ª*XW ,FK ZHUGH PLW LKP VSUHFKHQ :LH KHLW GX %XUVFKH"© 5LN VWDUUWH VLH DQ 6DKHQ VR VDUNLWLVFKH )UDXHQ DXV" 6R NOHLQ XQG VR IUHXQGOLFK" 8QG VLH URFK VR JXW (U ZDU VHKU IURK GD VLH LKP HUODXEW KDWWH VLH DQ]XVFKDXHQ ª:LH KHLW GX %XUVFKH"© ZLHGHUKROWH6DPLD 5LN HUZDFKWH ]XP /HEHQ $EHU HU VWUDXFKHOWH NOlJOLFK EHL GHP 9HUVXFK HLQ HLQVLOELJHV :RUW DXV]XVSUHFKHQ 6FKOLHOLFK ZUJWH HUª5LN©'DQQGDFKWHHUQDFKXQGVDJWH ª-DLFKJODXEHLFKKHLH5LN© ª:HLWGXHVQLFKW"© 9DORQDZROOWHHUNOlUHQGRFK6DPLDKREDEZHKUHQGGLH+DQG5LN VFKWWHOWHGHQ.RSIª,FKZHLHVQLFKW© ª%LVWGX)ORULQLHU"© +LHU ZDU QXQ 5LN VHLQHU 6DFKH VLFKHU ª1HLQ ,FK ELQ LQ HLQHP 5DXPVFKLII QDFK )ORULQD JHNRPPHQ XQG YRUKHU KDEH LFK DXI HLQHPDQGHUHQ3ODQHWHQJHOHEW© ª$XIZHOFKHP3ODQHWHQ"© (V ZDU DOV NlPSIWH VLFK GHU *HGDQNH PKVDP GXUFK JHLVWLJH .DQlOH GLH ]X HQJ GDIU ZDUHQ 'DQQ HULQQHUWH HU VLFK XQG IUHXWH VLFK EHU GHQ .ODQJ GHV :RUWHV GDV HU VRODQJHYHUJHVVHQJHKDEW KDWWH ª(UGH,FKNDPYRQGHU(UGH© ª(UGH"© 5LNQLFNWH 6DPLDVFKDXWHGHQ.DSLWlQDQª:RLVWGLHVHU3ODQHW"© .DSLWlQ5DFHW\OlFKHOWHª,FK KDEHGHQ1DPHQQLHJHK|UW1HKPHQ 6LH GHQ %XUFKHQ QLFKW HUQVW JQlGLJH )UDX 'LH (LQJHERUHQHQ OJHQZHQQVLHGHQ0XQGDXIPDFKHQ© ª$EHUHUVSULFKWQLFKWZLHHLQ)ORULQLHU©6LHZDQGWHVLFKZLHGHUDQ 5LNª:RLVWGLH(UGH5LN"© ª,FK©(UOHJWHGLH+DQGDQGLH6WLUQ'DQQVDJWHHUª,P6LULXV 6HNWRU©'HU7RQIDOOVHLQHU)HVWVWHOOXQJ NODQJKDOEZLHHLQH)UDJH ª(V JLEW GRFK HLQHQ 6LULXV6HNWRU .DSLWlQ QLFKW ZDKU"© VDJWH 6DPLD ª-D GDV VWLPPW ,FK P|FKWH ZLVVHQ ZR HU GDV DXIJHVFKQDSSW KDW $EHU WURW]GHP PDFKW GLHV GLH (UGH QLFKW UHDOHU© ª$EHU LFK HULQQHUH PLFK JHQDX GDUDQ© VDJWH 5LN OHLGHQVFKDIWOLFK

ª,FKNDQQPLFKQLFKWWlXVFKHQ© (UJULIIQDFK9DORQDV(OOERJHQª/RQDVDJLKQHQGDLFKYRQGHU (UGHELQ6LFKHU*DQ]EHVWLPPW© ª:LU KDEHQ LKQ HLQHV 7DJHV JHIXQGHQ (U KDWWH EHUKDXSW NHLQHQ 9HUVWDQG (U NRQQWH VLFK QLFKW VHOEVWDQ]LHKHQQLFKWVSUHFKHQXQG JHKHQ6HLWGDPDOVHULQQHUWHUVLFKDOOPlKOLFKDQLPPHUPHKU8QG ELV MHW]W KDW DOOHV DQ ZDV HU VLFK HULQQHUWH JHVWLPPW© 6LH ZDUI HLQHQlQJVWOLFKHQ%OLFNDXIGDVJHODQJZHLOWH*HVLFKWGHV.DSLWlQV ª(U NDQQ YLHOOHLFKW ZLUNOLFK YRQ GHU (UGH VWDPPHQ +HUU 2KQH ,KQHQZLGHUVSUHFKHQ]XZROOHQ© 'DV OHW]WHUH ZDU HLQH VHLW ODQJHP EOLFKH NRQYHQWLRQHOOH 3KUDVH GLH MHGH %HPHUNXQJ EHJOHLWHWH GLH LP :LGHUVSUXFK ]XU )HVWVWHOOXQJHLQHV9RUJHVHW]WHQVWDQG .DSLWlQ 5DFHW\ JUXQ]WH ª(U ZLUG ZDKUVFKHLQOLFK YRQ 6DUN JHNRPPHQVHLQJQlGLJH)UDX© ª9LHOOHLFKW $EHU HV LVW GRFK LUJHQGZLH VHOWVDP© EHKDUUWH 6DPLD ª,FKELQVLFKHU:LHVRZDUHUVRKLOIORVDOVGXLKQJHIXQGHQKDVW 0lGFKHQ":DUHUYHUOHW]W"© 9DORQDVDJWH]XHUVWQLFKWV,KU%OLFNLUUWHKLOIORVKLQXQGKHU]XHUVW ]X 5LN GHU GLH )LQJHU LQ VHLQHQ +DDUHQ YHUNUDOOW KDWWH GDQQ ]XP .DSLWlQ KLQEHU GHU KXPRUORV OlFKHOWH VFKOLHOLFK ]X 6DPLD ª$QWZRUWH0lGFKHQ© (V ZDU HLQ KDUWHU (QWVFKOX IU 9DORQD $EHU NHLQH /JH NRQQWH KLHU XQG MHW]W GLH :DKUKHLW HUVHW]HQ ª(LQ $U]W KDW LKQ HLQPDO XQWHUVXFKW (U VDJWH 5LN VHL PLW GHU *HKLUQVRQGH EHKDQGHOW ZRUGHQ© ª0LW GHU *HKLUQVRQGH© 6DPLD IKOWH (NHO LQ VLFK DXIVWHLJHQ 6LH UFNWH GHQ 6WXKO ]XUFN ª*ODXEVW GX HU ZDU SV\FKRSDWKLVFK"© ª,FKZHLQLFKWZDVGDVEHGHXWHW©VDJWH9DORQD ª1LFKW LQ GHP 6LQQ ZLH 6LH HV PHLQHQ JQlGLJH )UDX© VDJWH GHU .DSLWlQ IDVW JOHLFK]HLWLJ ª(LQJHERUHQH VLQG QLFKW SV\FKRSDWKLVFK ,KUH%HGUIQLVVHXQG:QVFKHVLQG]XSULPLWLY,FKKDEHQRFKQLH YRQHLQHPSV\FKRSDWKLVFKHQ(LQJHERUHQHQJHK|UW© ª$EHUGDQQ© ª(V LVW JDQ] HLQIDFK JQlGLJH )UDX :HQQ ZLU DQQHKPHQ GD GLH SKDQWDVWLVFKH *HVFKLFKWH GLH GDV 0lGFKHQ HU]lKOW ZDKU LVW GDQQ LVW GHU %XUVFKH NULPLQHOO JHZHVHQ ZDV OHW]WOLFK DXFK HLQH $UW 3V\FKRSDWKLH LVW 8QG ZHQQ GLHV ]XWULIIW PX HU YRQHLQHPGLHVHU 4XDFNVDOEHU EHKDQGHOW ZRUGHQ VHLQ GLH XQWHU GHQ (LQJHERUHQHQ SUDNWL]LHUHQ 'DEHL ZXUGH HU IDVW JHW|WHW XQG GDQQ LQ HLQHU DEJHOHJHQHQ *HJHQG DXVJHVHW]W 6R ZROOWH GHU 7lWHU GHU (QWGHFNXQJ XQG%HVWUDIXQJ HQWJHKHQ©ª6LHJODXEHQGRFKQLFKWLP (UQVW GD (LQJHERUHQH LQGHU/DJHVLQGGLH6RQGH]XEHQXW]HQ© SURWHVWLHUWH 6DPLD ª9LHOOHLFKW QLFKW $EHU PDQ NDQQ DXFK QLFKW

DQQHKPHQ GD HLQ DXWRULVLHUWHU 0HGL]LQHU GHUDUWLJ XQJHVFKLFNW GDPLW XPJHKW 'LH 7DWVDFKH GD ZLU KLHU DXI HLQHQ :LGHUVSUXFK VWRHQ EHZHLVW GD GLH JDQ]H *HVFKLFKWH IUHL HUIXQGHQ LVW ,FK VFKODJHYRUJQlGLJH)UDX6LHEHUODVVHQGLHVH*HVFK|SIHXQV6LH VHKHQ VHOEVW GD 6LH QLFKWV YRQ LKQHQ HUZDUWHQ N|QQHQ© 6DPLD ]|JHUWH ª9LHOOHLFKW KDEHQ 6LH UHFKW© 6LH VWDQG DXI XQG EOLFNWH XQVFKOVVLJ DXI 5LN 'HU .DSLWlQ WUDW KLQWHU VLH XQG NODSSWH LKUHQ 6WXKO ]XVDPPHQ 5LN VSUDQJ DXI ª:DUWHQ 6LH© ª%LWWH VHKU JQlGLJH )UDX© VDJWH GHU .DSLWlQ XQG KLHOW GLH 7U IU VLH DXI ª0HLQH 0lQQHU ZHUGHQ LKQ EHUXKLJHQ© 6DPLD EOLHE DXI GHU 6FKZHOOH VWHKHQ ª6LH ZHUGHQ LKQHQ QLFKWV DQWXQ"© ª,FK JODXEH QLFKW GD ZLU ]X H[WUHPHQ 0DQDKPHQ JUHLIHQ PVVHQ© ª,FK NDQQ HV EHZHLVHQ© ULHI 5LN ª,FK ELQ YRQ GHU (UGH© 6DPLD EOLHE XQVFKOVVLJVWHKHQª:LUZROOHQK|UHQZDVHU]XVDJHQKDW©ª:LH 6LHZQVFKHQJQlGLJH)UDX©VDJWHGHU.DSLWlQ 6LH WUDW LQ GHQ 5DXP ]XUFN EOLHE DEHU HLQHQ 6FKULWW YRQ GHU 7UVFKZHOOHHQWIHUQWVWHKHQ 5LNZDUKRFKURWLP*HVLFKWª,FKHULQQHUHPLFKZLHGHUDQGLH(UGH 6LH ZDU UDGLRDNWLY ,FK HULQQHUH PLFK DQ GLH 6SHUUJHELHWH XQG DQ GHQ EODXHQ +RUL]RQW LQ GHU 1DFKW 'HU %RGHQ JOKWH XQG QLFKWV ZXFKV GDUDXI (V JDE QXU HLQLJH ZHQLJH *HJHQGHQ LQ GHQHQ GHU 0HQVFK OHEHQ NRQQWH 'HVKDOE ELQ LFK 5DXPDQDO\WLNHU JHZRUGHQ 'HVKDOE KDW HV PLU QLFKWV DXVJHPDFKW LP :HOWUDXP ]X EOHLEHQ 0HLQ3ODQHWZDUHLQWRWHU3ODQHW© 6DPLD]XFNWHGLH$FKVHOQª.RPPHQ6LH.DSLWlQ(USKDQWDVLHUW© 'RFK GLHVPDO ZDU HV .DSLWlQ 5DFHW\ GHU PLW RIIHQHP 0XQG VWHKHQEOLHE ª(LQ UDGLRDNWLYHU 3ODQHW© PXUPHOWH HU ª:ROOHQ 6LH GDPLWVDJHQGDHVVRHWZDVJLEW"©IUDJWHVLH ª-D© (U EOLFNWH VLH QDFKGHQNOLFK DQ ª:R NDQQ HU GDV ZRKO DXIJHVFKQDSSWKDEHQ"© ª$EHU ZLH NDQQ HLQ +LPPHOVN|USHU UDGLRDNWLY XQG GRFK EHZRKQW VHLQ"© ª(VJLEWHLQHQ8QGHULVWWDWVlFKOLFKLP6LULXV6HNWRU,FKHULQQHUH PLFKQLFKWPHKUDQVHLQHQ1DPHQ$EHUHUNDQQWDWVlFKOLFK!(UGH KHLHQ© ª(V LVW GLH (UGH© VDJWH 5LN VWRO] ª(V LVW GHU lOWHVWH 3ODQHW GHU 0LOFKVWUDH (V LVW GHU 3ODQHW YRQ GHP GLH JDQ]H PHQVFKOLFKH 5DVVHVWDPPW© ª'DVVWLPPW©VDJWHGHU.DSLWlQOHLVH ª6LH PHLQHQ GDV JDQ]H 0HQVFKHQJHVFKOHFKW VWDPPH YRQ GLHVHU (UGH"©VDJWH6DPLDYHUZLUUW ª1HLQ QHLQ 'DV LVW QDWUOLFK $EHUJODXEH ,FK KDEH QXU LQ GLHVHP =XVDPPHQKDQJYRQGHPUDGLRDNWLYHQ3ODQHWHQJHK|UW(VKHLWHU VHLGHU+HLPDWSODQHWGHU0HQVFKKHLW©

ª,FKKDEHQLHJHK|UWGDZLUHLQHQ+HLPDWSODQHWHQKDEHQVROOHQ© ª,FKQHKPHDQGDGLH0HQVFKKHLWLUJHQGZRLKUHQ8UVSUXQJKDWWH JQlGLJH )UDX $EHU LFK JODXEH QLFKW GD LUJHQG MHPDQG PLW %HVWLPPWKHLWVDJHQNDQQZHOFKHU3ODQHWGLHVZDU© 3O|W]OLFKJLQJHUDXI5LN]Xª:RUDQHULQQHUVWGXGLFKQRFK"©)DVW KlWWH HU ZLHGHU GDV :RUW !%XUVFKH KLQ]XJHIJW DEHU HU KLHOW HV ]XUFN ª+DXSWVlFKOLFK DQ GDV 5DXPVFKLII© VDJWH 5LFN ª8QG DQ GLH 5DXPDQDO\VH© 6DPLD WUDW QHEHQ GHQ .DSLWlQ ª'DQQ LVW GRFK DOOHV ZDKU" $EHU ZLHVRZXUGHHUGDQQPLWGHU*HKLUQVRQGHEHKDQGHOW"© ª0LW GHU *HKLUQVRQGH© VDJWH GHU .DSLWlQ JHGDQNHQYHUORUHQ ª)UDJHQ ZLU LKQ DP EHVWHQ :HVKDOE KDW PDQ GLFK PLW GHU *HKLUQVRQGHEHKDQGHOW"© 5LN EOLFNWH DXI ª,KU VDJW DOOH GLHVHV :RUW VRJDU /RQD $EHU LFK ZHLQLFKWZDVHVEHGHXWHW© ª:DQQKDWGHLQ(ULQQHUXQJVYHUP|JHQDXIJHK|UW"© ª,FK ZHL QLFKW© 9HU]ZHLIHOW ZLHGHUKROWH HU ª,FK ZDU LQ HLQHP 5DXPVFKLII©ª'DVZLVVHQZLU:HLWHU© ª(V KDW NHLQHQ =ZHFN LKQ DQ]XVFKUHLHQ .DSLWlQ 6LH ZHUGHQ GDV ZHQLJH ZDV LKP QRFK JHEOLHEHQ LVW DXV LKP YHUGUlQJHQ© VDJWH 6DPLD 5LN ZDU GDPLW EHVFKlIWLJW LP 'XQNHO VHLQHV *HKLUQV ]X IRUVFKHQ'LH$QVWUHQJXQJ OLHNHLQHUOHL*HPWVEHZHJXQJ]X8QG ]X VHLQHP HLJHQHQ (UVWDXQHQ VDJWH HU ª,FK KDEH NHLQH $QJVW YRU LKP JQlGLJH )UDX ,FK YHUVXFKH PLFK ]X HULQQHUQ (V EHVWDQG HLQH*HIDKUGDVZHLLFKVLFKHUJURH*HIDKUIU)ORULQD$EHULFK NDQQ PLFK DQ GLH (LQ]HOKHLWHQ QLFKW PHKU HULQQHUQ© ª*HIDKU IU GHQ JDQ]HQ 3ODQHWHQ"© 6DPLD ZDUI HLQHQ UDVFKHQ %OLFN ]XP .DSLWlQKLQEHUª-D(VKDWWHHWZDVPLWGHQ6WU|PHQ]XWXQ©ª0LW ZDVIU6WU|PHQ"©IUDJWHGHU.DSLWlQ ª0LWGHQ5DXPVWU|PHQ©'HU.DSLWlQ]XFNWHGLH$FKVHOQª'DVLVW QXQ SXUHU ,UUVLQQ© ª1HLQ QHLQ /DVVHQ 6LH LKQ ZHLWHUVSUHFKHQ© 6DPLD ZDU ZLHGHU JHQHLJW LKP ]X JODXEHQ 6LH KDWWH GLH /LSSHQ JH|IIQHW XQG LKUH GXQNOHQ $XJHQ JOlQ]WHQ ª:DV VLQG GLH 5DXPVWU|PH"© ª6LH VHW]HQ VLFK DXV YHUVFKLHGHQHQ (OHPHQWHQ ]XVDPPHQ©VDJWH5LN(UKDWWHGDVVFKRQHLQPDOHUNOlUW(UZROOWH GLH$QVWUHQJXQJQLFKWQRFKHLQPDODXIVLFKQHKPHQ (UIXKUUDVFK IRUW XQ]XVDPPHQKlQJHQG ZLH GLH *HGDQNHQ LKP NDPHQ ª,FK KDEH HLQH 0HOGXQJ DQ XQVHUH =ZHLJVWHOOH DXI 6DUN GXUFKJHJHEHQ ,FK HULQQHUH PLFK JDQ] JHQDX GDUDQ ,FK PXWHYRUVLFKWLJVHLQ(V EHVWDQGHLQH*HIDKUGLHQLFKWQXU)ORULQDEHWUDI6LHHUVWUHFNWHVLFK EHUGLHJDQ]H0LOFKVWUDH0DQPXWHYRUVLFKWLJVHLQ© (U KDWWH DOOHQ .RQWDNW PLW VHLQHQ =XK|UHUQ YHUORUHQ (U VFKLHQ LQ HLQHU 9HUJDQJHQKHLW ]X OHEHQ YRU GHU HLQ 9RUKDQJ WHLOZHLVH

ZHJJH]RJHQ ZXUGH 9DORQD OHJWH EHVlQIWLJHQG GLH +DQG DXI VHLQH 6FKXOWHU XQG VDJWH ª1LFKW© $EHU VHOEVW GDIU ZDU HU XQHPSIlQJOLFK ª,UJHQGZLH ZXUGH PHLQH 0HOGXQJ YRQ HLQHP %HDPWHQDXI6DUNDXIJHIDQJHQ©IXKUHUIRUWª,FKZHLQLFKWZLH GDV JHVFKHKHQ NRQQWH ,FK ELQ VLFKHU GD LFK VLH DQ GDV |UWOLFKH %UR DXI XQVHUHU HLJHQHQ :HOOHQOlQJH GXUFKJHJHEHQ KDEH© (U ZXQGHUWH VLFK QLFKW HLQPDO GDUEHU GD HU VLFK VR OHLFKW DQ GDV :RUW !:HOOHQOlQJH HULQQHUWH 6HLQH $XJHQ EOLFNWHQ LPPHU QRFK LQV /HHUH ª-HGHQIDOOV KDW PDQ PLFK HUZDUWHW DOV LFK DXI 6DUN ODQGHWH©:LHGHUHLQH3DXVH'HU.DSLWlQXQWHUEUDFKGLHVPDOQLFKW (UVFKLHQVHOEVWQDFK]XGHQNHQ 6DPLDDEHUVDJWHª:HUKDWDXIGLFKJHZDUWHW"©ª,FK,FKZHL HV QLFKW (V ZDU QLHPDQG YRQ XQVHUHP %UR (V ZDU MHPDQG YRQ 6DUN,FKHULQQHUHPLFKGDUDQZLHLFKPLWLKPJHVSURFKHQKDEH(U ZXWH YRQ GHU *HIDKU :LU VDHQ ]XVDPPHQ DQ HLQHP 7LVFK (U VD PLU JHJHQEHU :LU VSUDFKHQ ]LHPOLFK ODQJH PLWHLQDQGHU,FK JODXEH LFK ZROOWH LKP GLH (LQ]HOKHLWHQ QLFKW VDJHQ -D LFK ELQ VLFKHU,FKZROOWH]XHUVWPLWGHP,5%VSUHFKHQ 8QG GDQQ © ª-D"© GUlQJWH 6DPLD ª'DQQ WDW HU HWZDV (U 1HLQ LFK NDQQ QLFKW PHKU ,FK NDQQ QLFKW PHKU© (U VFKULH GLH :RUWH 'DQQZDU 6WLOOH (LQH 6WLOOH GLH YRP SURVDLVFKHQ 6XPPHQ GHV 9HUVWlQGLJXQJVJHUlWV DP +DQGJHOHQN GHV .DSLWlQV XQWHUEURFKHQZXUGH ª:DVJLEW V"©VDJWHHU ª(LQH 0HOGXQJ YRQ 6DUN DQ GHQ .DSLWlQ (V ZLUG JHEHWHQ GD HU VLHSHUV|QOLFKHQWJHJHQQLPPW© ª*XW ,FK NRPPH VRIRUW© (U ZDQGWH VLFK DQ 6DPLD ª*QlGLJH )UDX GDUI LFK 6LH GDUDXI DXIPHUNVDP PDFKHQ GD HV RKQHKLQ (VVHQV]HLWLVW"© (U VDK GD VLH SURWHVWLHUHQ ZROOWH XQG HU IXKU HWZDV GLSORPDWLVFKHU IRUW ª(V LVW DXHUGHP =HLW GLHVH *HVFK|SIH ]X IWWHUQVLH VLQGZDKUVFKHLQOLFKPGHXQGKXQJULJ© 6DPLD NRQQWH QLFKWV GDJHJHQ HLQZHQGHQ ª$EHU LFK PX QRFK HLQPDOPLWLKQHQVSUHFKHQ.DSLWlQ© 'HU.DSLWlQYHUEHXJWHVLFK(VNRQQWH=XVWLPPXQJ EHGHXWHQRGHU DXFKQLFKW 6DPLD YRQ )LIH ZDU HUUHJW ,KUH 6WXGLHQ EHU )ORULQD EHIULHGLJWHQ HLQ JHZLVVHV LQWHOOHNWXHOOHV 6WUHEHQ LQ LKU $EHU !'HU P\VWHUL|VH )DOO GHV 0DQQHV YRQ GHU(UGH VLHVDKHVEHUHLWVDOVhEHUVFKULIW YRU VLFK VSUDFK HWZDV YLHO 3ULPLWLYHUHV LQ LKU DQ (U ZHFNWH LKUH SXUH DQLPDOLVFKH 1HXJLHU 'UHL 3XQNWH IDV]LQLHUWHQ VLH YRU DOOHP 'DUXQWHU QLFKW HWZD GLH YLHOOHLFKW YHUQQIWLJVWH )UDJH RE GLH *HVFKLFKWH GHV 0DQQHV HLQ :DKQ VHL YRUVlW]OLFKH /JH RGHU GLH :DKUKHLW (V IU HWZDV DQGHUHV DOV GLH :DKUKHLW ]X KDOWHQ KlWWH

GHQ JHKHLPQLVYROOHQ 5HL] GHU $QJHOHJHQKHLW ]HUVW|UW XQG GDV NRQQWH6DPLDQLFKW]XODVVHQ'LHGUHL3XQNWHZDUHQGDKHU:DV ZDU HV IU HLQH *HIDKU GLH )ORULQD RGHU YLHOPHKU GLH JHVDPWH 0LOFKVWUDHEHGURKWH":HUKDWWHGHQ0DQQYRQGHU(UGHPLWGHU *HKLUQVRQGH EHKDQGHOW" :DUXPKDWWH HVGHU%HWUHIIHQGHJHWDQ" 6LHZDUHQWVFKORVVHQGHU$QJHOHJHQKHLWQDFK]XJHKHQ1LHPDQGLVW VR HKUOLFK GD HU QLFKW JODXEWH HU VHL HLQ YRU]JOLFKHU 3ULYDWGHWHNWLYXQG6DPLDZDUZHLWGDYRQHQWIHUQWHKUOLFK]XVHLQ 1DFKGHP(VVHQHLOWHVLHVRIRUWZLHGHU ]XP*HUlWHUDXP ª|IIQHQ 6LH GLH 7U© VDJWH VLH ]XP :lFKWHU 'LHVHU UKUWH VLFK QLFKW XQG EOLFNWH VWDUU XQG UHVSHNWYROO JHUDGHDXV ª:HQQ (XHU *QDGHQJHVWDWWHQGLH7UGDUIQLFKWJH|IIQHWZHUGHQ© ª'DV ZDJHQ 6LH PLU ]X VDJHQ"© IDXFKWH 6DPLD ª:HQQ 6LH QLFKW VRIRUW GLH 7U |IIQHQ EHVFKZHUH LFK PLFK EHLP .DSLWlQ© ª:HQQ (XHU*QDGHQJHVWDWWHQGLH7UGDUIQLFKWJH|IIQHWZHUGHQ'DVLVW GHUVWULNWH%HIHKOGHV.DSLWlQV© 6LH VWUPWH GXUFK GHQ *DQJ XQG SODW]WH LQ GLH .DSLWlQVNDMWH ZLH HLQ7RUQDGRGHUDXIHLQHQKDOEHQ0HWHU]XVDPPHQJHSUHWLVW ª.DSLWlQ© ª*QlGLJH)UDX"© ª+DEHQ 6LH EHIRKOHQ GD PDQ PLFK YRQ GHP 0DQQ XQG GHU )ORULQLHULQIHUQKlOW"© ª,FK GHQNH ZLU KDEHQ DXVJHPDFKW GD 6LH GLH EHLGHQ QXU LQ PHLQHU$QZHVHQKHLWLQWHUYLHZHQ"© ª9RU GHP (VVHQ MD $EHU 6LH KDEHQ GRFK VHOEVW JHVHKHQ GD VLH KDUPORVVLQG© ª,FKKDEHJHVHKHQGDVLHKDUPORVVFKLHQHQ© 6DPLD NRFKWH ª'DQQ EHIHKOH LFK ,KQHQ PLW PLU ]X NRPPHQ© ª'DV JHKW QLFKW JQlGLJH )UDX 'LH 6LWXDWLRQ KDW VLFK JHlQGHUW© ª,QZLHIHUQ"© ª6LHPVVHQYRQGHQ%HK|UGHQDXI6DUNYHUQRPPHQZHUGHQ8QG ELVGDKLQVROOWHPDQVLHLQ5XKHODVVHQ© 6DPLDV 8QWHUNLHIHU ILHO KHUDE DEHU VLH ]RJ LKQ VRIRUW DXV GHU XQZUGLJHQ /DJH ]XUFN ª6LH ZHUGHQ VLH GRFK QLFKW GHP 0LQLVWHULXPIU)ORULQLVFKH$QJHOHJHQKHLWHQDXVOLHIHUQ"© 'HU .DSLWlQ VXFKWH =HLW ]X JHZLQQHQ ª1XQ© VDJWH HU ªGDV ZDU ZRKO XUVSUQJOLFK JHSODQW 6LH KDEHQ LKU 'RUI RKQH (UODXEQLV YHUODVVHQ6LHKDEHQVRJDULKUHQ3ODQHWHQRKQH(UODXEQLVYHUODVVHQ $XHUGHP VLQG VLH RKQH (UODXEQLV DQ %RUG HLQHV VDUNLWLVFKHQ 5DXPVFKLIIHVJHJDQJHQ© ª'DVOHW]WHUHJHVFKDKZRKODXV9HUVHKHQ© ª0HLQHQ6LH"© ª-HGHQIDOOV NDQQWHQ 6LH DOOH GLHVH 9HUJHKHQ VFKRQ YRU XQVHUHP OHW]WHQ,QWHUYLHZ©

ª$EHU LFK KDEH HUVW EHL GLHVHP ,QWHUYLHZ JHK|UW ZDV GHU VRJHQDQQWH!0DQQYRQGHU(UGH]XVDJHQKDWWH© ª'HU VRJHQDQQWH 6LH KDEHQ VHOEVW JHVDJW GD GHU 3ODQHW (UGH H[LVWLHUW© ª,FK KDEH JHVDJW HU NDQQ H[LVWLHUHQ $EHU GDUI LFK PLU GLH )UDJH HUODXEHQ ZDV ,KUHU 0HLQXQJ QDFK PLW GLHVHQ /HXWHQ JHVFKHKHQVROO"© ª,FKPHLQHGLH*HVFKLFKWHGHV0DQQHVVROOWHQDFKJHSUIWZHUGHQ (U VSULFKW YRQ HLQHU *HIDKU IU )ORULQD XQG YRQ MHPDQGHP DXI 6DUN GHU YRUVlW]OLFK YHUVXFKW KDW GLH .HQQWQLV GLHVHU *HIDKU GHQ %HK|UGHQ YRU]XHQWKDOWHQ ,FK JODXEH GLHV LVW VRJDU HLQ )DOO IU PHLQHQ 9DWHU ,FK ZUGH GHQ 0DQQ JHUQ ]X PHLQHP 9DWHU PLWQHKPHQ©ª*URDUWLJ©VDJWHGHU.DSLWlQ ª6SRWWHQ 6LH .DSLWlQ"© ª9HU]HLKXQJ JQlGLJH )UDX LFK GDFKWH HEHQDQXQVHUH*HIDQJHQHQ'DUILFKRIIHQVSUHFKHQ"© ª,FK ZHL ]ZDU QLFKW ZDV 6LH PLW !RIIHQ PHLQHQ© HUZLGHUWH VLH lUJHUOLFK ªDEHUIDQJHQ6LHDQ© ª'DQNH 9RU DOOHP KRIIH LFK GD 6LH GLH %HGHXWXQJ GHU 8QUXKHQ DXI)ORULQDQLFKWXQWHUVFKlW]HQ© ª:DVIU8QUXKHQ"© ª+DEHQ6LHGHQ9RUIDOOLQGHU%LEOLRWKHNYHUJHVVHQ"© ª(LQ3ROL]HLEHDPWHUZXUGHQLHGHUJHVFKODJHQ:DVZHLWHU"© ª8QG HLQ ]ZHLWHU 3ROL]LVW KHXWH PRUJHQ HUPRUGHW JQlGLJH )UDX DXHUGHP HLQ (LQJHERUHQHU (V LVW QLFKW VHKU JHEUlXFKOLFK GD (LQJHERUHQH3ROL]HLEHDPWHXPEULQJHQXQGHVJLEWGDHLQHQGHUHV JOHLFK]ZHLPDOJHWDQKDWXQGQRFKQLFKWYHUKDIWHWLVW'LH)UDJHLVW QXQ GLH +DW HU DOOHLQ JHDUEHLWHW RGHU KDQGHOW HV VLFK XP HLQHQ VRUJIlOWLJDXVJHNOJHOWHQ3ODQ"© ª2IIHQEDUJODXEHQ6LHGDVOHW]WHUH"© ª$OOHUGLQJV 'HU 0|UGHU KDWWH ]ZHL .RPSOLFHQ 8QG LKUH %HVFKUHLEXQJ WULIIW ]LHPOLFK JHQDX DXI XQVHUH EHLGHQ EOLQGHQ 3DVVDJLHUH]X©ª'DVKDEHQ6LHPLUQLFKWJHVDJW©ª,FKZROOWH(XHU *QDGHQQLFKWEHXQUXKLJHQ6LHHULQQHUQVLFKMHGRFKGDUDQGDLFK ZLHGHUKROWVDJWHVLHN|QQHQJHIlKUOLFKVHLQ© ª*XW:DVIROJWGDUDXV"© ª:LHDOVRZHQQGLH0RUGHDXI)ORULQDQLFKWVDOVHLQ6W|UPDQ|YHU ZlUHQ GDV GLH $XIPHUNVDPNHLW GHU 3ROL]HL DEOHQNHQ VROOWH ZlKUHQGGLHVHEHLGHQVLFKLQXQVHU6FKLIIVFKOLFKHQ"© ª'DVNOLQJWDEVXUG© ª:LUNOLFK" :DUXP IOLHKHQ VLH YRQ )ORULQD" :LU KDEHQ VLH QLFKW JHIUDJW :LU ZROOHQ DQQHKPHQ VLH IOLHKHQ YRU GHU 3ROL]HL GD GLHV GLHYHUQQIWLJVWH(UNOlUXQJ LVW:UGHQVLHGDQQDEHUDXVJHUHFKQHW QDFK 6DUN IOLHKHQ" 8QG PLW HLQHP 5DXPVFKLII LQ GHP DXVJHUHFKQHW (XHU *QDGHQ UHLVHQ" $XHUGHP EHKDXSWHW HU 5DXPDQDO\WLNHU]XVHLQ©6DPLDKREGLH%UDXHQª-D XQG"©ª9RU

HLQHP -DKU ZXUGH HLQ 5DXPDQDO\WLNHU DOV YHUPLW JHPHOGHW 'LH *HVFKLFKWH ZXUGH QLFKW SXEOL]LHUW ,FK ZXWH GDYRQ ZHLO LFK GHQ 5DXP QDFK 6SXUHQ VHLQHV 6FKLIIHV DEVXFKWH :HU DXFK LPPHU KLQWHU GLHVHQ IORULQLVFKHQ 8QUXKHQ VWHFNHQ PDJ HU KDW ]ZHLIHOORV 1XW]HQ DXV GLHVHU 7DWVDFKH JH]RJHQ XQG VFKRQ GD LKP GHU )DOO GHV YHUPLWHQ 5DXPDQDO\WLNHUV EHNDQQW LVW ]HLJW ZDV IU HLQH JHVFKLFNWH XQG XQHUZDUWHW ZLUNVDPH 2UJDQLVDWLRQ KLQWHU LKP VWHKW© ª$EHU HV LVW GRFK P|JOLFK GD GHU 0DQQ YRQ GHU (UGH XQG GHU YHUPLWH5DXPDQDO\WLNHUQLFKWVPLWHLQDQGHU]XWXQKDEHQ© ª'DVKLHH]XYLHOYRP=XIDOO]XHUZDUWHQ:LUKDEHQHVPLWHLQHP %HWUJHU]XWXQ'HVKDOEEHUXIWHUVLFKGDUDXIPLWGHU*HKLUQVRQGH EHKDQGHOW ZRUGHQ ]X VHLQ© ª$FK"© ª6R N|QQHQ ZLU QlPOLFK QLFKW EHZHLVHQ GD HU NHLQ 5DXPDQDO\WLNHU LVW (U NHQQW NHLQH (LQ]HOKHLWHQ EHU GHQ 3ODQHWHQ (UGH DXHU GHU EORHQ 7DWVDFKH GD HU UDGLRDNWLY LVW (U NDQQ NHLQ 5DXPVFKLII VWHXHUQ (U ZHL QLFKWV EHU 5DXPDQDO\VH %HJUHLIHQ 6LH JQlGLJH )UDX" (U YHUVFKDQ]WVLFKHLQIDFKKLQWHUGHU*HKLUQVRQGH© ª$EHU]XZHOFKHP=ZHFN"© ª'DPLW6LHJHQDXGDVWXQZDV6LHYRUKDEHQ© ª'HP*HKHLPQLVQDFK]XVSUHQ"© ª1HLQ'HQ0DQQ]X,KUHP9DWHUEULQJHQ© ª,FKEHJUHLIHLPPHUQRFKQLFKW© ª(V JLEW YHUVFKLHGHQH 0|JOLFKNHLWHQ ,P EHVWHQ )DOO LVW HU HLQ 6SLRQ HQWZHGHU IU )ORULQD ZDKUVFKHLQOLFK DEHU IU 7UDQWRU ,FK VWHOOH PLU YRU GD GHU DOWH $EHO QLFKW ]|JHUQ ZLUG LKQ DOV 0DQQ YRQ GHU (UGH ]X LGHQWLIL]LHUHQ XQG ZHQQ ]X NHLQHP DQGHUHQ =ZHFN DOV 6DUN LQ 9HUOHJHQKHLW ]X EULQJHQ LQGHP HU $XINOlUXQJ EHU GLHVH DQJHEOLFKH %HKDQGOXQJ PLW GHU *HKLUQVRQGH YHUODQJW ,P VFKOLPPVWHQ )DOO ZLUG GLHVHU 0DQQ GHU 0|UGHU ,KUHV 9DWHUV VHLQ© ª.DSLWlQ© ª*QlGLJH )UDX"© ª6LH VLQG EHUVSDQQW© ª9LHOOHLFKW $EHU GDQQ LVW DXFK GDV 6LFKHUKHLWVPLQLVWHULXP EHUVSDQQW6LHZLVVHQGDLFKNXU]YRUGHP(VVHQKLQDXVJHUXIHQ ZXUGH XP HLQH 0HOGXQJ YRQ 6DUN HQWJHJHQ]XQHKPHQ© ª-D© ª/HVHQ 6LH© (U UHLFKWH 6DPLD GLH GQQH GXUFKVFKHLQHQGH )ROLH PLW GHQ URWHQ %XFKVWDEHQ 'LH 0HOGXQJ ODXWHWH ª=ZHL )ORULQLHU VLQGLOOHJDODQ%RUG ,KUHV6FKLIIHVJHJDQJHQ1HKPHQ6LHVLHVRIRUW IHVW (LQHU YRQ LKQHQ NDQQ EHKDXSWHQ NHLQ IORULQLVFKHU (LQJHERUHQHUVRQGHUQ5DXPDQDO\WLNHU]XVHLQ6LHGUIHQLQGLHVHU $QJHOHJHQKHLW QLFKWV XQWHUQHKPHQ 6LH KDEHQ GLH *HIDQJHQHQ DQ GDV 6LFKHUKHLWVPLQLVWHULXP DXV]XOLHIHUQ 6WUHQJ JHKHLP 6HKU GULQJHQG© 6DPLDVWRFNWHGHU$WHPª$QGDV6LFKHUKHLWV"© ª6WUHQJ JHKHLP© VDJWH GHU .DSLWlQ ª,FK ODVVH KLHU HLQPDO PHLQH

6FKZHLJHSIOLFKW DXHU DFKW ZHQQ LFK ,KQHQ GLH 0HOGXQJ ]HLJH $EHU6LHODVVHQPLUMDNHLQHDQGHUH:DKO© ª:DVZLUGPDQPLWLKPWXQ"© ª'DV NDQQ LFK QLFKW VDJHQ $EHU MHPDQG GHU LP 9HUGDFKW VWHKW 6SLRQ XQG 0|UGHU ]X VHLQ NDQQ NDXP PLW HLQHU VDQIWHQ %HKDQGOXQJ UHFKQHQ :DKUVFKHLQOLFK ZLUG GDV ZDV HU MHW]W YRUWlXVFKW ZDKU ZHUGHQ XQG HU HUIlKUW ZDV HLQH *HKLUQVRQGH ZLUNOLFKLVW©

'HU'HWHNWLY 'LH YLHU *URHQ *URKHUUHQ VDKHQ GHQ *URKHUUQ YRQ )LIH MHGHU DXIVHLQH:HLVHDQ%RUWZDUlUJHUOLFK5XQHDPVLHUWHVLFK%DOOH ZDU DQJHZLGHUW XQG 6WHHQ IUFKWHWH VLFK 5XQH VSUDFK DOV HUVWHU ª+RFKYHUUDW" :ROOHQ 6LH XQV PLW HLQHU 3KUDVH HUVFKUHFNHQ" :DV KHLW+RFKYHUUDW":HUZXUGHYHUUDWHQ"6LH"%RUW",FK"9RQZHP XQG ZLH" )LIH GLHVH .RQIHUHQ]HQIDOOHQPLWPHLQHQ6FKODIVWXQGHQ ]XVDPPHQ© ª'LH 5HVXOWDWH© VDJWH )LIH ªN|QQHQ XQWHU 8PVWlQGHQ PLW ]DKOUHLFKHQ 6FKODIVWXQGHQ ]XVDPPHQIDOOHQ ,FK VSUHFKH QLFKW GDYRQ GD LUJHQGHLQHU YRQ XQV YHUUDWHQ ZXUGH 6DUN VHOEVW ZXUGH YHUUDWHQ© ª6DUN©ULHI%RUWª:DVLVW6DUNZHQQQLFKWZLUVHOEVW"© ª1HQQHQ 6LH HV HLQH 0\WKH 1HQQHQ 6LH HV HWZDV DQ GDV JHZ|KQOLFKH 6DUNLWHQ JODXEHQ© ª'DV YHUVWHKH LFK QLFKW© VW|KQWH 6WHHQª:LUNOLFK,FKZROOWHGLHVH.RQIHUHQ]ZlUHVFKRQYRUEHL© ª,FK VWLPPH 6WHHQ ]X© VDJWH %DOOH XQG6WHHQEOLFNWHLKQGDQNEDU DQª,FK ZHUGH ,KQHQ VRIRUW DOOHV HUNOlUHQ© VDJWH )LIH ª,FK QHKPH DQ6LHKDEHQYRQGHQ8QUXKHQDXI)ORULQDJHK|UW© ª-D© VDJWH 5XQH ªGDV 6LFKHUKHLWVPLQLVWHULXP VSULFKW GDYRQ GD HLQLJH 3ROL]HLEHDPWH HUPRUGHW ZXUGHQ 0HLQHQ 6LH GDV"© %RUW XQWHUEUDFK PLPXWLJ ª+DEHQ ZLU QLFKWV %HVVHUHV ]X WXQ DOV GDUEHU ]X VSUHFKHQ" 3ROL]HLEHDPWH HUPRUGHW 6LH YHUGLHQHQ HV :LH LVW HV EHUKDXSW P|JOLFK GD HLQ (LQJHERUHQHU HLQIDFK DXI HLQHQ 3ROL]LVWHQ ]XJHKHQ XQG LKP GHQ 6FKlGHO HLQVFKODJHQ NDQQ" :LH NRPPW HV GD GHU (LQJHERUHQH QLFKW ]X 6WDXE JHPDFKW ZXUGH",FKZUGHGLHJDQ]H3ROL]HLGDYRQMDJHQ'LHJDQ]H3ROL]HL LVW QLFKWV DOV HLQH $QVDPPOXQJ YRQ )HWW 6LH KDEHQ HLQ YLHO ]X OHLFKWHV/HEHQ:LUVROOWHQDOOHIQI-DKUH)ORULQDXQWHU.ULHJVUHFKW VWHOOHQ XQG GLH 8QUXKHVWLIWHU DXVPHU]HQ 'DV ZUGH GLH (LQJHERUHQHQ LP =DXP KDOWHQ XQG XQVHUH 0lQQHU DXI 'UDKW©

ª6LQG6LHIHUWLJ"©IUDJWH)LIHª9RUOlXILJMD$EHULFKZHUGHGDUDXI ]XUFNNRPPHQ ,FK KDEH VFKOLHOLFK DXFK %HVLW]XQJHQ DXI )ORULQD6LHP|JHQQLFKWVRJURVHLQZLHGLH,KUHQ)LIHDEHUJUR JHQXJ GD LFK PLFK GDUXP VRUJH© )LIH ]XFNWH GLH $FKVHOQ (U ZDQGWH VLFK XQYHUPLWWHOW DQ 6WHHQ ª8QG KDEHQ 6LH YRQ GHQ 8QUXKHQJHK|UW"© 6WHHQ VWDPPHOWH ª-D 9LHOPHKU LFK PHLQH LFK KDEH HEHQ GDYRQJHK|UWDOV6LH©ª6LHKDEHQDOVRGLH9HUODXWEDUXQJHQGHV 6LFKHUKHLWVPLQLVWHULXPV QLFKW JHOHVHQ"© ª1XQ QDWUOLFK© 6WHHQ LQWHUHVVLHUWH VLFK SO|W]OLFK DXVQHKPHQG IU VHLQH ODQJHQ VSLW]HQ )LQJHUQlJHO PLW LKUHQ DNNXUDW DQJHEUDFKWHQ .XSIHUEHOlJHQ ª,FK KDEHQLFKWLPPHUGLH=HLWDOOH9HUODXWEDUXQJHQ]XOHVHQ:LUNOLFK ,FK ZXWH QLFKW GD PDQ GDV YRQ PLU HUZDUWHW 8QG© HU UDIIWH VHLQHQ JDQ]HQ 0XW ]XVDPPHQ XQG EOLFNWH )LIH YROO DQªLFK KDEH QLFKWJHZXWGD6LHPLU9RUVFKULIWHQPDFKHQN|QQHQ:LUNOLFK© ª'DVKDEHLFKQLFKWJHWDQ©VDJWH)LIHª$EHUGD6LH]XPLQGHVWGLH 'HWDLOV QLFKW NHQQHQ ZLOO LFK VLH ,KQHQ ]XOLHEH ]XVDPPHQIDVVHQ 'LH DQGHUHQ +HUUHQ ZHUGHQ PHLQH $XVIKUXQJHQ YLHOOHLFKW HEHQIDOOVLQWHUHVVDQWILQGHQ© (V ZDU EHUUDVFKHQG LQ ZLH ZHQLJHQ :RUWHQ GLH (UHLJQLVVH YRQ DFKWXQGYLHU]LJ 6WXQGHQ ZLHGHUJHJHEHQ ZHUGHQ NRQQWHQ XQG ZLH QFKWHUQ VLH NODQJHQ =XQlFKVW ZDU LQ HLQHU %LEOLRWKHN QDFK %FKHUQEHU5DXPDQDO\VHJHIUDJWZRUGHQ'DQQIROJWHHLQ6FKODJ DXI GHQ .RSI HLQHV DOWHQ 3ROL]HLEHDPWHQ GHU ]ZHL 6WXQGHQ VSlWHU DQ HLQHP 6FKlGHOEUXFK VWDUE 'DQQ HLQH 9HUIROJXQJ GLH YRU GHU XQDQWDVWEDUHQ %HKDXVXQJ HLQHV WUDQWRULQLVFKHQ $JHQWHQ HQGHWH ,Q GHU 0RUJHQGlPPHUXQJ GHV ]ZHLWHQ 7DJHV ZXUGH HLQ ]ZHLWHU 3ROL]HLEHDPWHU HUPRUGHW ZREHL GHU 0|UGHU LQ GHU 8QLIRUPVHLQHV 2SIHUV HQWNDP XQG HLQLJH 6WXQGHQ VSlWHU VFKOLHOLFK ZXUGH GHU WUDQWRULQLVFKH$JHQWHUPRUGHW ª:HQQ6LHQRFKGLHDOOHUOHW]WHQ1HXLJNHLWHQK|UHQZROOHQ©VFKOR )LIH ªN|QQHQ 6LH GLHVHU /LVWH DXJHQVFKHLQOLFKHU %HGHXWXQJVORVLJNHLWHQ© QRFK IROJHQGHV EHLIJHQ 9RU ZHQLJHQ 6WXQGHQ IDQG PDQ LP 6WDGWSDUN DXI )ORULQD HLQH /HLFKH RGHU YLHOPHKU GLH hEHUUHVWH HLQHU VROFKHQ© ª:HVVHQ /HLFKH"© IUDJWH 5XQH ª(LQHQ $XJHQEOLFN ELWWH 1HEHQ LKU ODJ HLQ +lXIFKHQ $VFKH RIIHQEDU GLH YHUNRKOWHQ hEHUUHVWH YRQ .OHLGXQJ $OOHV 0HWDOO ZDU VRUJIlOWLJ GDUDXV HQWIHUQW 'LH 8QWHUVXFKXQJ GHU $VFKH HUJDE MHGRFKGDHVVLFKXP5HVWHHLQHU3ROL]HLXQLIRUPKDQGHOWH© ª8QVHUHUSUHVVHULVFKHU)UHXQG"©IUDJWH%DOOH ª'DV LVW QLFKW VHKU ZDKUVFKHLQOLFK© VDJWH )LIH ª:HU VROOWH LKQ KHLPOLFK XPJHEUDFKW KDEHQ"© ª6HOEVWPRUG© VDJWH %RUW EHIULHGLJW ª(UKDWVFKOLHOLFKODQJHJHQXJ LQGHP,UUJODXEHQJHOHEWHUN|QQH

XQV HQWJHKHQ ,FK YHUPXWH HU KDWWH DXI GLHVH :HLVH HLQHQ DQJHQHKPHUHQ 7RG ,FK SHUV|QOLFK ZHUGH IHVWVWHOOHQ ZHU EHL GHU 3ROL]HL GDIU YHUDQWZRUWOLFK LVW GD HU EHUKDXSW ELV ]XP 6HOEVWPRUG JHGLHKHQ LVW© ª:HQQ GHU 0DQQ 6HOEVWPRUG EHJLQJ© VDJWH )LIH ªVR KDW HU VLFK ]XHUVW JHW|WHW GDQQ GLH 8QLIRUP DXVJH]RJHQ VLH YHUEUDQQW GLH .Q|SIH XQG /LW]HQ HQWIHUQW XQG ZHJJHZRUIHQ 2GHU HU KDW ]XHUVW GLH 8QLIRUP DXVJH]RJHQ VLH YHUEUDQQW GLH .Q|SIH XQG /LW]HQ KHUDXVJHNODXEW GLH +|KOH QDFNW XQGYLHOOHLFKWLQGHU8QWHUZlVFKHYHUODVVHQGLH.Q|SIHXQG/LW]HQ ZHJJHZRUIHQXQGLVWGDQQ]XUFNJHNRPPHQXPVLFK]XW|WHQ© ª'LH/HLFKHODJLQHLQHU+|KOH"©IUDJWH%RUW ª,QHLQHUGHU+|KOHQGHV3DUNV© ª'DQQ KDWWH HU UHLFKOLFK=HLW XQG 0XH©VDJWH%RUW(UJDEVHLQH 7KHRULH QLFKW JHUQ DXI ª(U NRQQWH GLH .Q|SIH XQG /LW]HQ ]XHUVW DEWUHQQHQGDQQ© ª+DEHQ 6LH VFKRQ HLQPDO YHUVXFKW GLH /LW]HQ YRQ HLQHU 3ROL]HLXQLIRUP ]X HQWIHUQHQ GLH QLFKW YRUKHU ]X $VFKH JHPDFKW ZXUGH"© IUDJWH )LIH VDUNDVWLVFK ª8QG N|QQHQ 6LH PLU LUJHQGHLQHQ *UXQG DQJHEHQ ZHVKDOE HU GLH /LW]HQ HQWIHUQW KDEHQ VROOWH ZHQQ HU WDWVlFKOLFK GHU (USUHVVHU ZDU" (U KDWWH GRFK QDFK VHLQHP 6HOEVWPRUG QLFKWV PHKU ]X IUFKWHQ $XHUGHP HUKLHOW LFK HLQHQ %HULFKW EHU GLH DQDWRPLVFKH 8QWHUVXFKXQJ GHU .QRFKHQVWUXNWXU 'DV 6NHOHWW LVW ZHGHU GDV HLQHV 3ROL]HLEHDPWHQ QRFK GDV HLQHV )ORULQLHUV (V LVW GDV HLQHV 6DUNLWHQ© ª1HLQ© ULHI 6WHHQ %DOOH UL GLH $XJHQ DXI 5XQHV PHWDOOHQH =lKQH GLH DE XQG ]X HLQHQ /LFKWVFKLPPHUDXIJHIDQJHQKDWWHQXQGGDGXUFKHLQZHQLJ/HEHQLQ GHQ VFKZDU]HQ .XEXV EUDFKWHQ LQ GHP HU VD ZXUGHQ XQVLFKWEDU 5XQHSUHWHDQVFKHLQHQGGLH/LSSHQ]XVDPPHQ%RUWZDUEHVWU]W ª%HJUHLIHQ 6LH QXQ ZDUXP GDV 0HWDOO DXV GHU $VFKH HQWIHUQW ZXUGH"© IUDJWH )LIH ª'HU 0|UGHU ZROOWH GD PDQ GLH $VFKH IU GLH hEHUUHVWH GHU .OHLGXQJ GHV 6DUNLWHQ KLHOW :LU VROOWHQ GHQ 9RUIDOO IU 6HOEVWPRUG KDOWHQ RGHU IU GLH )ROJH HLQHU SULYDWHQ 5LYDOLWlWGLHLQNHLQHU:HLVHPLWXQVHUHPIDOVFKHQ3ROL]HLEHDPWHQ LQ 9HUELQGXQJ VWHKW :DV GHU 0|UGHU DOOHUGLQJV QLFKW ZXWH ZDU GLH 7DWVDFKH GD PDQ GXUFK GLH 8QWHUVXFKXQJ GHU $VFKH HLQZDQGIUHL IHVWVWHOOHQ NDQQ RE HV VLFK XP GHQ .\UW HLQHV VDUNLWLVFKHQ $Q]XJV RGHU XP GLH =HOOXORVH HLQHU 3ROL]HLXQLIRUP KDQGHOWH 'D ZLU QXQ HLQHQ WRWHQ 6DUNLWHQ KDEHQ XQG GLH $VFKH HLQHU 3ROL]HLXQLIRUP PVVHQ ZLU DQQHKPHQ GD LUJHQGZR LQ GHU REHUHQ 6WDGW HLQ 2UWVYHUZDOWHU LQ GHU .OHLGXQJ HLQHV 6DUNLWHQ KHUXPOlXIW 8QVHU )ORULQHU KDW QDFKGHP HU VLFK ODQJH JHQXJ DOV 3ROL]LVW PDVNLHUW KDWWH JHIXQGHQ GD GLH *HIDKU ]X JUR ZXUGH 8QG HU EHVFKOR *URKHUU ]X ZHUGHQ 'DV WDW HU DXI GLH HLQ]LJ P|JOLFKH $UW© ª,VW HU IHVWJHQRPPHQ ZRUGHQ"©IUDJWH%RUWEHOHJW

ª1HLQ© ª:DUXP QLFKW" :DUXP QLFKW"© ª(U ZLUG IHVWJHQRPPHQ ZHUGHQ© VDJWH )LIH JOHLFKJOWLJ ª,P $XJHQEOLFN JLEW HV ZLFKWLJHUH 'LQJH EHU GLH ZLU XQV ZXQGHUQ PVVHQ 'LHVH QHXH 6FKHXOLFKNHLWLVWGDJHJHQHLQH/DSSDOLH© ª=XU6DFKH©YHUODQJWH5XQHEDUVFK ª*HGXOG /DVVHQ 6LH PLFK ]XHUVW IUDJHQ RE 6LH VLFK DQ GHQ YHUPLWHQ5DXPDQDO\WLNHUYRPYHUJDQJHQHQ -DKUHULQQHUQ© 6WHHQ NLFKHUWH %RUW VDJWH PLW XQHQGOLFKHU 9HUDFKWXQJ ª6FKRQ ZLHGHU© ª+DW HU LUJHQG HWZDV PLW GHQ 0RUGHQ ]X WXQ"© IUDJWH 6WHHQ ª2GHU ZROOHQ 6LH QXU GLHVH JDQ]H ZLGHUZlUWLJH *HVFKLFKWH YRP OHW]WHQ -DKU QRFK HLQPDO GXUFKNDXHQ" ,FK ELQ PGH :LUNOLFK© )LIH ZDU XQEHZHJW ª'LH MQJVWHQ (UHLJQLVVH EHJDQQHQ PLW HLQHU 1DFKIUDJH QDFK +DQGEFKHUQ EHU 5DXPDQDO\VH 'DV LVW IU PLFK =XVDPPHQKDQJ JHQXJ :LU ZROOHQ VHKHQ RE LFK HV DXFK ,KQHQ SODXVLEHO PDFKHQ NDQQ =XQlFKVW P|FKWH LFK ,KQHQ GLH GUHL/HXWH EHVFKUHLEHQGLHLQGHQ9RUIDOOLQGHU%LEOLRWKHNYHUZLFNHOWZDUHQ XQG LFK ELWWH GDUXP PLFK IU HLQLJH $XJHQEOLFNH QLFKW ]X XQWHUEUHFKHQ 'LH HUVWH 3HUVRQ LVW HLQ 2UWVYHUZDOWHU (U LVW GHU *HIlKUOLFKVWH YRQ GHQ GUHLHQ $XI 6DUN JHQLHW HU HLQHQ DXVJH]HLFKQHWHQ 5XI DOV LQWHOOLJHQWHU XQG WUHX HUJHEHQHU 0DQQ /HLGHUKDWHUVHLQH)lKLJNHLWHQQXQJHJHQXQVJHZDQGW=ZHLIHOORV LVW HU IU GLH YLHU 0RUGH YHUDQWZRUWOLFK (LQH JDQ] EHDFKWOLFKH /HLVWXQJ:HQQPDQEHGHQNWGDGDUXQWHU]ZHL3ROL]HLEHDPWHXQG HLQ 6DUNLW VLQG LVW HV VRJDU XQJODXEOLFK EHPHUNHQVZHUW IU HLQHQ (LQKHLPLVFKHQ8QGHULVWLPPHUQRFKDXIIUHLHP)X 'LH]ZHLWH 3HUVRQ LVW HLQH HLQJHERUHQH )UDX 6LH LVW XQJHELOGHW XQG Y|OOLJ XQEHGHXWHQG :lKUHQG GHU OHW]WHQ SDDU 7DJH ZXUGH MHGRFK DXFK LKUH 9HUJDQJHQKHLW XQWHUVXFKW ,KUH (OWHUQ ZDUHQ 0LWJOLHGHU GHU !6HHOH GHV .\UW ZHQQ VLFK LUJHQG MHPDQG YRQ ,KQHQ QRFK DQ GLHVHQ ]LHPOLFK OlFKHUOLFKHQ %DXHUQDXIVWDQG HULQQHUQ VROOWH GHU YRU XQJHIlKU ]ZDQ]LJ -DKUHQ PKHORV QLHGHUJHVFKODJHQ ZXUGH 1XQ ]XU GULWWHQ 3HUVRQ GHUXQJHZ|KQOLFKVWHQYRQGHQGUHLHQ'LH GULWWH 3HUVRQ LVW HLQ VFKZDFKVLQQLJHU )DEULNDUEHLWHU© %RUW VFKQDXIWH6WHHQNLFKHUWH%DOOHV$XJHQEOLHEHQJHVFKORVVHQXQGLQ 5XQHV GXQNOHP .XEXV UHJWH VLFK QLFKWV ª,FK PHLQH GDV :RUW VFKZDFKVLQQLJ© QLFKW Z|UWOLFK© VDJWH )LIH ª'DV 6LFKHUKHLWVPLQLVWHULXPKDWVLFKGLHJU|WH0KHJHJHEHQDEHUGLH /HEHQVJHVFKLFKWH GLHVHV 0DQQHV NRQQWH QLFKW ZHLWHU DOV ]HKQHLQKDOE0RQDWH]XUFNYHUIROJWZHUGHQ=XMHQHU=HLWZXUGHHU EHL HLQHP 'RUI GLFKW YRU )ORULQDV +DXSWVWDGW LQ HLQHP =XVWDQG Y|OOLJHU 8PQDFKWXQJ JHIXQGHQ (U NRQQWH ZHGHU JHKHQ QRFK VSUHFKHQHUNRQQWHQLFKWHLQPDODOOHLQHVVHQ1XQQHKPHQ6LHELWWH ]XU .HQQWQLV GD HU ZHQLJH :RFKHQQDFKGHP9HUVFKZLQGHQGHV

5DXPDQDO\WLNHUV GRUW DXIJHWDXFKW LVW 1HKPHQ 6LH DXHUGHP ]XU .HQQWQLV GD HU LP /DXIH GHU 0RQDWH VSUHFKHQ JHOHUQW KDW XQG VRJDU HLQH $UEHLW LQ GHU .\UWIDEULN EHUQDKP :HOFKHU 6FKZDFKVLQQLJHN|QQWHGLHVVRVFKQHOOOHUQHQ"© ª:HQQ HU RUGHQWOLFK PLW GHU *HKLUQVRQGH EHKDQGHOWZXUGH©VDJWH 6WHHQlUJHUOLFKªLVWHVNHLQ©(UEUDFKDE ª,FK N|QQWH PLU DOOHUGLQJV NHLQH JU|HUH $XWRULWlW DXI GLHVHP *HELHW GHQNHQ DOV 6LH© VDJWH )LIH VDUNDVWLVFK ª$EHU DXFK RKQH 6WHHQV IDFKPlQQLVFKH 0HLQXQJ KDEH LFK VHOEVW VFKRQ GDUDQ JHGDFKW (V LVW GLH HLQ]LJ P|JOLFKH (UNOlUXQJ 1XQ NDQQ GLH %HKDQGOXQJ PLW GHU 6RQGH DEHU QXU DXI 6DUN RGHU LQ GHU REHUHQ 6WDGW YRQ )ORULQDVWDWWJHIXQGHQKDEHQ1XUGHU9ROOVWlQGLJNHLWKDOEHUZXUGHQ GLH bU]WH GHU REHUHQ 6WDGW EHUSUIW (V ZDU NHLQH 6SXU HLQHU XQJHVHW]OLFKHQ $QZHQGXQJ GHU *HKLUQVRQGH ]X ILQGHQ (LQHU XQVHUHU$JHQWHQPDFKWHGDUDXIKLQGHQ9RUVFKODJGLH.DUWHLHQGHU bU]WH ]X NRQWUROOLHUHQ GLH VHLW GHP $XIWDXFKHQ GHV 6FKZDFKVLQQLJHQ JHVWRUEHQ VLQG ,FK ZHUGH GDIU VRUJHQ GD GHU 0DQQ IU GLHVH ,GHH EHI|UGHUW ZLUG :LU IDQGHQ WDWVlFKOLFK LQ HLQHP GHU %URV GLHVHU bU]WH HLQHQ %HULFKW EHU HLQHQ 6FKZDFKVLQQLJHQ (U ZDU YRU XQJHIlKU VHFKV 0RQDWHQ YRQ HLQHP %DXHUQPlGFKHQ GHU]ZHLWHQ3HUVRQXQVHUHV7ULRV ]XUl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lUHQ" :HQQ HU VLFK DXV LUJHQGHLQHP *UXQG HQWVFKORVVHQ KDWWH JHUDGH GLHVHQ %HULFKW QLFKW ]X GXSOL]LHUHQ ZDUXP KDW PDQ LKQ GDQQ QXU LQ GHU 3UD[LV LQ GHU REHUHQ 6WDGW JHIXQGHQ" 6FKOLHOLFK ZDU GHU 0DQQ )ORULQLHU XQG ZXUGH LQ GHU XQWHUHQ 6WDGW XQWHUVXFKW $OOHV ZDU LQ GHU .RSLH GLH ZLU IDQGHQ JHQDXYHU]HLFKQHW'HU%HULFKWZDUXUVSUQJOLFKLQEHLGHQ.DUWHLHQ

YRUKDQGHQ ZXUGH DEHU LQ GHU XQWHUHQ 6WDGW YHUQLFKWHW XQG ]ZDU YRQ MHPDQGHP GHU QLFKW ZXWH GD VLFK LQ GHU REHUHQ 6WDGW HLQ 'XSOLNDW EHIDQG :HLWHU 'LH $XI]HLFKQXQJ EHU GLH 8QWHUVXFKXQJ GHV ,UUHQ HQWKLHOW GHQ 9HUPHUNGD GHU $U]W GLHVHQ )DOO LQ VHLQHP QlFKVWHQ URXWLQHPlLJHQ %HULFKW DQ GDV 6LFKHUKHLWVPLQLVWHULXP HUZlKQHQ ZROOWH 'DV ZDU Y|OOLJ NRUUHNW $EHU ]X GLHVHP %HULFKW NDP HV QLFKW PHKU 'HU $U]W VWDUE LQ GHUVHOEHQ :RFKH DQ HLQHP 9HUNHKUVXQIDOO 'LH =XIlOOH KlXIHQ VLFK QLFKW ZDKU"© %DOOH |IIQHWH GLH $XJHQ ª'LHV LVW HLQ .ULPLQDOURPDQ GHQ 6LH XQV GD HU]lKOHQ© ª-D© VFKULH )LIH EHIULHGLJW ª(LQ .ULPLQDOURPDQ 8QG LP $XJHQEOLFN ELQ LFK GHU 'HWHNWLY© ª8QGZHULVWGHU$QJHNODJWH"©IUDJWH%DOOHPGH ª1RFKQLFKW/DVVHQ6LHPLFKQRFKHLQHQ$XJHQEOLFNGHQ'HWHNWLY VSLHOHQ© 0LWWHQ LQ GHU GDYRQ ZDU HU EHU]HXJW JHIlKUOLFKVWHQ .ULVH GHU 6DUN MH JHJHQEHUJHVWDQGHQ KDWWH VWHOOWH )LIH SO|W]OLFK IHVWGDHUVLFKVHOEVWEHZXQGHUWH ª:LU ZROOHQ QXQ GLH *HVFKLFKWH YRP DQGHUHQ (QGH KHU DXIUROOHQ :LU ZROOHQ IU HLQHQ $XJHQEOLFN GHQ 6FKZDFKVLQQLJHQ YHUJHVVHQ XQG XQV DQ GHQ 5DXPDQDO\WLNHU HULQQHUQ 'DV HUVWH ZDV ZLU YRQ LKP K|UWHQ LVW GLH 0LWWHLOXQJ DQ GDV $PW IU $XHUSODQHWDULVFKHQ 9HUNHKU GD VHLQ 5DXPVFKLII LQ %lOGH ODQGHQ ZUGH (LQH 0HOGXQJ GLH HU YRUKHU DQ GLH KLHVLJH ,5%=ZHLJVWHOOH GXUFKJDE EHJOHLWHWH GLH 0LWWHLOXQJ $EHU GHU 5DXPDQDO\WLNHU NRPPW QLFKW DQ (U ZLUG QLUJHQGV LP :HOWUDXP DXIJHIXQGHQ 'DUEHU KLQDXV YHUVFKZLQGHW GLH 0HOGXQJ GLH GHU 5DXPDQDO\WLNHU GXUFKJHJHEHQ KDWWHXQGGLHDQGHQ,QIRUPDWLRQVGLHQVWZHLWHUJHJHEHQZXUGH'DV ,QWHUVWHOODUH 5DXPDQDO\WLVFKH %UR EHKDXSWHW ZLU KlWWHQ GLH 0HOGXQJ XQWHUVFKODJHQ 'DV 6LFKHUKHLWVPLQLVWHULXP JODXEW KLQJHJHQ GDV ,5% KDEH GLH 0HOGXQJ ]X 3URSDJDQGD]ZHFNHQ HUIXQGHQ ,FK ELQ QXQ GHU 0HLQXQJ GD EHLGH $QVLFKWHQ IDOVFK ZDUHQ'LH0HOGXQJZXUGHGXUFKJHJHEHQDEHUVLHZXUGHQLFKWYRQ GHU 5HJLHUXQJ YRQ 6DUN ]XUFNJHKDOWHQ :LU ZROOHQ MHPDQGHQ HUILQGHQ XQG LKQ LP $XJHQEOLFN ; QHQQHQ ; KDW =XJDQJ ]X GHQ $NWHQ GHV ,QIRUPDWLRQVGLHQVWHV (U K|UW YRQ GLHVHP 5DXPDQDO\WLNHU XQG VHLQHU 0HOGXQJ XQG KDW GHQ .RSI XQG GLH )lKLJNHLWVFKQHOO]XKDQGHOQ (UDUUDQJLHUWHVVRGDGHU5DXPDQDO\WLNHUHLQHJHKHLPH0HOGXQJ HUKlOW GLH LKQ DQZHLVW DXI LUJHQGHLQHP NOHLQHQ 3ULYDWKDIHQ ]X ODQGHQ'HU5DXPDQDO\WLNHUWXWGLHVXQGWULIIWGRUW;© )LIH KROWH WLHI $WHP ª; KDW GLH 6FKUHFNHQVERWVFKDIW GHV 5DXPDQDO\WLNHUVXQWHUVFKODJHQ(VNDQQ]ZHL*UQGHGDIUJHEHQ (UVWHQV NRQQWH GLHV GLH $XINOlUXQJVYHUVXFKH LUUHOHLWHQ ZHLO GDGXUFK HLQ %HZHLVVWFN DXV GHP :HJ JHVFKDIIW ZDU =ZHLWHQV

NRQQWH ; PLW +LOIH GLHVHU 0HOGXQJ GDV 9HUWUDXHQ GHV YHUUFNWHQ 5DXPDQDO\WLNHUVJHZLQQHQ'LHVHUJODXEWHHUN|QQHQXUPLWVHLQHQ 9RUJHVHW]WHQ EHU GLH $QJHOHJHQKHLW VSUHFKHQ ; NRQQWH LKQ MHGRFK EHUUHGHQ YHUWUDXHQVVHOLJHU ]X ZHUGHQ LQGHP HU LKP EHZLHV GD HU GLH ZHVHQWOLFKHQ 3XQNWH GHU 8QWHUJDQJV7KHRULH EHUHLWVNDQQWH =ZHLIHOORV KDW GDQQ GHU 5DXPDQDO\WLNHU DXVJHVDJW 8QG ZLH LUUHDO VHLQH bXHUXQJHQ DXFK JHZHVHQ VHLQ P|JHQ VR VDK ; LQ LKQHQ GRFK HLQ DXVJH]HLFKQHWHV 3URSDJDQGDPLWWHO (U VFKLFNWH VHLQHQ (USUHVVHUEULHI DQ GLH *URHQ *URKHUUQ DQ XQV 6HLQ 3ODQ ZDU YHUPXWOLFKJHQDXGHUGHQLFKGDPDOV7UDQWRU]XVFKULHE:HQQZLU XQV QLFKW PLW LKP HLQLJHQ ZROOWH HU GXUFK 8QWHUJDQJVJHUFKWH GLH .\UWSURGXNWLRQ DXI )ORULQD VW|UHQ $EHU GDQQ lQJVWLJWH LKQ LUJHQG HWZDV:LUZHUGHQVSlWHUXQWHUVXFKHQZDVGLHVZDU$XIMHGHQ)DOO KLHOW HU HV IU EHVVHU GLH $XVIKUXQJ VHLQHV 3ODQV ]X YHUVFKLHEHQ :DUWHQ EHGHXWHWH MHGRFK HLQH ZHLWHUH .RPSOLNDWLRQ ; JODXEWH QLFKW DQ GLH 7KHRULH GHV 5DXPDQDO\WLNHUV DEHU HV VWHKW DXHU )UDJHGDGHU5DXPDQDO\WLNHUVHOEVWGLH6DFKHVHKUHUQVWQDKP; PXWH GDKHU GLH 'LQJH VR OHQNHQ GD GHU 5DXPDQDO\WLNHU VHLQH !6FKUHFNHQVERWVFKDIWJXWZLOOLJDXI(LVOHJWH'HU5DXPDQDO\WLNHU NRQQWHGDV QLFKWWXQEHYRUVHLQ*HLVWDXHU$NWLRQJHVHW]WZDU; KlWWH LKQ W|WHQ N|QQHQ DEHU LFK ELQ EHU]HXJW GD HU GHQ 5DXPDQDO\WLNHU DOV HLQH 4XHOOH ZHLWHUHU ,QIRUPDWLRQHQ EUDXFKWH 6FKOLHOLFK YHUVWDQG HU VHOEVW QLFKWV YRQ 5DXPDQDO\VH XQG NRQQWH HLQH HUIROJUHLFKH (USUHVVXQJ QLFKW Y|OOLJ DXI %OXII DXIEDXHQ 9LHOOHLFKWEHQ|WLJWHHULKQ DXFKDOV*HLVHOLP)DOOGHV0LOLQJHQV .XU] HU EHQXW]WH GLH *HKLUQVRQGH 1DFK GHU %HKDQGOXQJ KDWWH HU HLQHQ,UUHQYRUVLFKGHULKPYRUHUVWNHLQH6FKZLHULJNHLWHQEHUHLWHQ NRQQWH GHVVHQ *HLVW DEHU QDFK HLQHU JHZLVVHQ =HLW ZLHGHUKHUJHVWHOOW ZlUH *XW 1XQ PXWH ; GDIU VRUJHQ GD GHU 5DXPDQDO\WLNHU ZlKUHQG GHU HLQMlKULJHQ :DUWH]HLW QLFKW DXIJHIXQGHQ ZXUGH (U JULII ]X HLQHU PHLVWHUOLFK HLQIDFKHQ 0DQDKPH(UEUDFKWHVHLQHQ0DQQ QDFK)ORULQDXQGIUEHLQDKH HLQ -DKU ZDU GHU 5DXPDQDO\WLNHU QLFKWV DOV HLQ HLQIlOWLJHU (LQJHERUHQHU GHU LQ GHU .\UWIDEULN DUEHLWHWH ,FK VWHOOH PLU YRU GD ; RGHU LUJHQGHLQ 8QWHUJHEHQHU GHP HU YHUWUDXWH ZlKUHQG GLHVHV -DKUHV GHQ 2UW LQ GHVVHQ 1lKH HU VHLQ 2SIHU DXVJHVHW]W KDWWH |IWHUV DXIVXFKWH XP VLFK ]X YHUJHZLVVHUQ GD GHU 0DQQ HLQLJHUPDHQ JHVXQG XQG LQ 6LFKHUKHLW ZDU %HL HLQHP VHLQHU %HVXFKH HUIXKU HU GD GLHVHV *HVFK|SI ]X HLQHP $U]W JHEUDFKW ZRUGHQZDUGHUIHVWVWHOOHQNRQQWHREHLQ0HQVFKGHU*HKLUQVRQGH XQWHU]RJHQ ZRUGHQ LVWRGHUQLFKW'HU$U]WVWDUEXQGVHLQ%HULFKW YHUVFKZDQG ]XPLQGHVW DXV GHP %UR LQ GHU XQWHUHQ 6WDGW 'LHV ZDU; HUVWH)HKONDONXODWLRQ(UGDFKWHQLFKWGDUDQGDDXFKLQGHU

REHUHQ 6WDGW HLQ 'XSOLNDW YRUKDQGHQ VHLQ NRQQWH 'LH ]ZHLWH )HKONDONXODWLRQ'HU,UUHZXUGHHLQZHQLJ]XUDVFKJHVXQGXQGGHU 9HUZDOWHU GHV EHWUHIIHQGHQ 2UWHV KDWWH JHQXJ 9HUVWDQG XP ]X EHPHUNHQ GD EHL GHP )DEULNDUEHLWHU PHKU GDKLQWHUVWHFNWH DOV JHZ|KQOLFKHU 6FKZDFKVLQQ 9LHOOHLFKW HU]lKOWH GDV 0lGFKHQ GDV IU GHQ ,UUHQ VRUJWH GHP9HUZDOWHUHWZDVEHUGLH*HKLUQVRQGH 1XQNHQQHQ6LHGLH*HVFKLFKWH© )LIH IDOWHWH VHLQH +lQGH XQG ZDUWHWH DXI HLQH 5HDNWLRQ 5XQH VSUDFK DOV HUVWHU 6FKRQ HLQLJH 0LQXWHQ YRUKHU ZDU LQ VHLQHP .XEXVGDV/LFKWDXVJHJDQJHQ(UULHEVLFKGLH$XJHQª8QGHVZDU HLQH]LHPOLFKIODXH*HVFKLFKWH)LIH1RFKHLQHQ$XJHQEOLFNLQGHU 'XQNHOKHLWXQGLFKZlUHHLQJHVFKODIHQ© ª6RZHLW LFK VHKH© VDJWH %DOOH ODQJVDP ªKDEHQ 6LH HLQ *HELOGH DXIJHEDXW VR JHJHQVWDQGVORV ZLH GDV YRP OHW]WHQ -DKU 1HXQ =HKQWHOGDYRQVLQG9HUPXWXQJHQ© ª*HZlVFK©VDJWH%RUW ª8QGZHULVW;"©IUDJWH6WHHQª:HQQ6LHQLFKWZLVVHQZHU;LVW HUJLEW GLH *HVFKLFKWH EHUKDXSW NHLQHQ 6LQQ© (U XQWHUGUFNWH HLQ *lKQHQ XQG EHGHFNWH VHLQH NOHLQHQ ZHLHQ =lKQH PLW GHP JHNUPPWHQ0LWWHOILQJHU ª:HQLJVWHQV HLQHU YRQ ,KQHQ VLHKW GHQ ZHVHQWOLFKHQ 3XQNW© VDJWH )LIH ª'LH ,GHQWLWlW YRQ ; LVW GHU .QRWHQSXQNW GHU $QJHOHJHQKHLW (UZlJHQ 6LH GLH (LJHQVFKDIWHQ GLH ; EHVLW]HQ PX ZHQQ PHLQH $QDO\VH NRUUHNW LVW 9RU DOOHP LVW ; HLQ 0DQQ PLW 9HUELQGXQJHQ ]XU6WDDWVYHUZDOWXQJ(ULVWHLQ0DQQGHUGLH%HKDQGOXQJ PLWGHU *HKLUQVRQGH DQRUGQHQ NDQQ (U LVW HLQ 0DQQ GHU JODXEW HLQH ZLUNXQJVYROOH(USUHVVXQJVNDPSDJQHGXUFKIKUHQ]XN|QQHQ(ULVW HLQ 0DQQ GHU GHQ 5DXPDQDO\WLNHU RKQH ZHLWHUHV YRQ 6DUN QDFK )ORULQDEHI|UGHUQNDQQ(ULVWHLQ0DQQGHUGHQ7RGHLQHV$U]WHV DXI)ORULQDKHUEHLIKUHQNDQQ.XU] HUPXHLQ*URHU*URKHUU VHLQ© %RUW VWDQG DXI 6HLQ .RSI YHUVFKZDQG XQG HU VHW]WH VLFK ZLHGHU6WHHQEUDFKLQHLQK\VWHULVFKHV*HOlFKWHUDXV5XQHV$XJHQ IXQNHOWHQ ILHEULJ ]ZLVFKHQ GHP IOHLVFKLJHQ )HWW KHUYRU %DOOH VFKWWHOWH GHQ .RSI ª8QG ZHU EHL 6DUN ZLUG DQJHNODJW )LIH"© VFKULH %RUW ª%LV MHW]W QRFK QLHPDQG© )LIH EOLHE UXKLJ ª8P PLW PLU]XEHJLQQHQ LFKELQ HVQLFKWJHZHVHQ© ª+DEHQZLU,KU:RUWGDUDXI"©VSRWWHWH5XQH ª6LH EUDXFKHQ PHLQ :RUW GDUDXI QLFKW© JDE )LIH ]XUFN ª,FK ELQ GHU HLQ]LJH KLHU GHU NHLQHQ *UXQG ]X HLQHP VROFKHQ 9RUJHKHQ KlWWH ; =LHO LVW HV GLH .\UWLQGXVWULH ]X NRQWUROOLHUHQ ,FK NRQWUROOLHUH VLH EHUHLWV ,FK EHVLW]H RKQHKLQ HLQ 'ULWWHO )ORULQDV 0HLQH )DEULNHQ 0DVFKLQHQDQODJHQ XQG )UDFKWIORWWHQ ZUGHQ KLQUHLFKHQ XP MHGHQ EHOLHELJHQ YRQ ,KQHQ RGHU 6LH DOOH YLHU DXV GHP *HVFKlIW ]X GUlQJHQ ZHQQ LFK HV ZROOWH ,FK EUDXFKWH QLFKW

=XIOXFKW ]XU (USUHVVXQJ ]X QHKPHQ© (U EHUVFKULH LKUH DXIJHEUDFKWHQ 6WLPPHQ ª+|UHQ 6LH ]X 6LH DOOH KDEHQ MHGHQ HUGHQNOLFKHQ *UXQG 5XQH KDW GHQ NOHLQVWHQ .RQWLQHQW XQG GHQ NOHLQVWHQ%HVLW]DXI)ORULQD,FKZHLGDLKPGDVQLFKWEHKDJW(U NDQQQLFKWVRWXQDOVVHLHU]XIULHGHQGDPLW%DOOHKDWGHQlOWHVWHQ 6WDPPEDXP (V JDE HLQH =HLW LQ GHU VHLQH )DPLOLH JDQ] 6DUN UHJLHUWH 'DV KDW HU ZDKUVFKHLQOLFK QLFKW YHUJHVVHQ %RUW YHUEHOW GLH 7DWVDFKH GD HU EHL .RQIHUHQ]HQ 6WHWV EHUVWLPPW ZLUG XQG GHVKDOE VHLQH 7HUULWRULHQ QLFKW VR UHJLHUHQ NDQQ ZLH HU JHUQ P|FKWH 6WHHQ KDW NRVWVSLHOLJH /LHEKDEHUHLHQ XQG VHLQH )LQDQ]HQ VWHKHQ VFKOHFKW (LQH 5HJXOLHUXQJ ZlUH IU LKQ GULQJHQG QRWZHQGLJ:LUKDEHQDOVRGLH0RWLYH 1HLG0DFKWJLHU*HOGJLHU 3UHVWLJHIUDJHQ1XQZHUYRQXQVLVWHV"© ,Q%DOOHVDOWHQ$XJHQODJ%RVKHLWª6LHZLVVHQHVQLFKW"© ª1RFKQLFKW$EHUK|UHQ6LH]X,FKVDJWHGD; ZLUZROOHQLKQ LPPHU QRFK ; QHQQHQ QDFK VHLQHP HUVWHQ %ULHI LUJHQG HWZDV lQJVWLJWH:LVVHQ6LHZDVGDVZDU"(VZDUXQVHUHHUVWH.RQIHUHQ] LQGHULFKGLH1RWZHQGLJNHLWHLQHUJHPHLQVDPHQ)URQWSUHGLJWH; ZDU KLHU ; ZDU XQG LVW HLQHU YRQ XQV (U ZXWH GD GLH JHPHLQVDPH )URQW IU LKQ HLQHQ )HKOVFKODJ EHGHXWHQ ZUGH (U KDWWH GDPLW JHUHFKQHW EHU XQV ]X WULXPSKLHUHQ ZHLO HU JODXEWH XQVHU VWDUUHV ,GHDO GHU NRQWLQHQWDOHQ $XWRQRPLH OLHH XQV ELV ]XP OHW]WHQ $XJHQEOLFN XQG QRFK GDUEHU KLQDXV XQHLQLJ VHLQ (U VDK GD HU VLFK GDULQ JHWlXVFKW KDWWH XQG HU EHVFKOR ]X ZDUWHQ ELV XQVHUH $XIPHUNVDPNHLW HUODKPWH XQG HU PLW VHLQHQ 0DFKHQVFKDIWHQ IRUWIDKUHQ NRQQWH $EHU HU KDW LPPHU QRFK XQUHFKW :LU ZHUGHQ QDFK ZLH YRU JHPHLQVDP KDQGHOQ 8QG ZHQQ ZLUHUZlJHQGD;HLQHUYRQXQVLVWVREOHLEWXQVQXUHLQH:DKO 'LH NRQWLQHQWDOH $XWRQRPLH ]X EHJUDEHQ 6LH LVW HLQ /X[XV GHQ ZLU XQV QLFKW PHKU OHLVWHQ N|QQHQ 'HQQ ; 3ODQ ]LHOW DXI GLH ZLUWVFKDIWOLFKH 1LHGHUODJH YRQ XQV DQGHUHQ DE RGHU DXI GDV (LQJUHLIHQ7UDQWRUV:DVPLFKEHWULIIWVRELQLFKGHUHLQ]LJHGHP LFK WUDXHQ NDQQ 'HVKDOE ELQ LFK YRQ MHW]W DQ GDV 2EHUKDXSW HLQHV YHUHLQLJWHQ6DUN6LQG6LHPHLQHU0HLQXQJ"© 6LHVSUDQJHQYRQGHQ6WKOHQDXIXQGVFKULHHQ%RUWVFKWWHOWHGLH )DXVW/HLFKWHU6FKDXPVWDQGLKPLQGHQ0XQGZLQNHOQ )LIHOlFKHOWH-HGHUZDUHLQHQ.RQWLQHQWZHLWHQWIHUQW(UVDKLQWHU VHLQHP6FKUHLEWLVFKXQGVDK ]XZLHVLHWREWHQ ª6LH KDEHQ NHLQH DQGHUH :DKO ,Q GHP -DKU VHLW XQVHUHU HUVWHQ .RQIHUHQ] KDEH DXFK LFK PHLQH 9RUEHUHLWXQJHQ JHWURIIHQ :lKUHQG 6LH PLU VRHEHQ UXKLJ ]XK|UWHQ KDEHQ GLH PLU HUJHEHQHQ 2IIL]LHUH GLH 6WUHLWNUlIWH EHUQRPPHQ© ª9HUUDW© VFKlXPWHQ VLH ª'LHNRQWLQHQWDOH$XWRQRPLHLVWYHUUDWHQ©VWLPPWH)LIH]X ª6DUN ]XOLHEH© 6WHHQV )LQJHU YHUIORFKWHQ VLFK QHUY|V ,KUH

NXSIHUQHQ 6SLW]HQ ZDUHQ GLH HLQ]LJHQ )DUEIOHFNH DXI VHLQHU +DXW ª$EHU VHOEVW ZHQQ ; HLQHU YRQ XQV LVW VLQG GUHL XQVFKXOGLJ ,FK ELQQLFKW;©(UZDUIGHQDQGHUHQJLIWLJH%OLFNH]Xª(VLVWHLQHU YRQ,KQHQ© ª'LH8QVFKXOGLJHQZHUGHQDQPHLQHU5HJLHUXQJ WHLOQHKPHQZHQQ VLHZROOHQ6LHKDEHQQLFKWV]XYHUOLHUHQ© ª$EHU6LHZHLJHUQVLFKGRFK]XVDJHQZHUXQVFKXOGLJLVW©EUOOWH %RUW ª6LH ZHUGHQ XQV DOOH DXI *UXQG GLHVHV *HIDVHOV EHU ; NDOWVWHOOHQ$XI*UXQGGHU$XI*UXQGGHU©$WHPORVEUDFK HU DE ª'DV ZHUGH LFK QLFKW WXQ ,Q YLHUXQG]ZDQ]LJ 6WXQGHQ ZHL LFK ZHU ; LVW 'HU 5DXPDQDO\WLNHU EHU GHQ ZLU JHVSURFKHQ KDEHQ LVW LQ PHLQHQ +lQGHQ© 'LH DQGHUHQ VFKZLHJHQ 6LH EOLFNWHQHLQDQGHUUHVHUYLHUWXQGPLWUDXLVFKDQ )LIH OlFKHOWH ª6LH IUDJHQ VLFK ZHU YRQ ,KQHQ ; VHLQ NDQQ (LQHU YRQ ,KQHQ ZHL HV GDV VWHKW IHVW 8QG LQ YLHUXQG]ZDQ]LJ 6WXQGHQ ZHUGHQ ZLU DOOH HV ZLVVHQ 1XQ GHQNHQ 6LH GDUDQ PHLQH +HUUHQ GD 6LH ]LHPOLFK KLOIORV VLQG 'LH .ULHJVIORWWHQ VLQG LQ PHLQHU +DQG*XWHQ7DJ© 6LHZDUHQHQWODVVHQ (LQHU QDFK GHP DQGHUHQ VFKDOWHWH VLFK DXV %LV DXI 6WHHQ ª)LIH© VDJWHHUPLW]LWWHUQGHU6WLPPH )LIHEOLFNWHDXIª-D":ROOHQ6LHQXQGDZLUXQWHUYLHU$XJHQVLQG EHNHQQHQGD6LH;VLQG"© 6WHHQV *HVLFKW YHU]HUUWH VLFK ª1HLQ QHLQ :LUNOLFK QLFKW ,FK P|FKWHQXUIUDJHQRE6LHLP(UQVWJHVSURFKHQKDEHQ,FKPHLQH GDVPLWGHUNRQWLQHQWDOHQ$XWRQRPLHXQGVR"© )LIH EOLFNWH DXI GLH DOWH 8KU DQ GHU :DQG ª*XWHQ 7DJ©6WHHQ VW|KQWH 6HLQH +DQG EHZHJWH VLFK ]XP 6FKDOWHU XQG DXFK HU YHUVFKZDQG )LIH VD VWHLQHUQ DXI VHLQHP 6WXKO 1XQ GD GLH .RQIHUHQ] YRUEHU ZDU GHU +|KHSXQNW GHU .ULVH EHUVFKULWWHQ EHUNDP LKQ ZLHGHU GLH 'HSUHVVLRQ 6HLQ OLSSHQORVHU 0XQG ZDU ZLHHLQ6SDOWLQVHLQHPJURHQ*HVLFKW $OOH ZHLWHUHQ hEHUOHJXQJHQ EHJDQQHQ PLW IROJHQGHU 7DWVDFKH (V ZDUQLFKWEHZLHVHQGDGHU5DXPDQDO\WLNHUNUDQNZDU+lWWH-XQ] YRP,5%HLQJDQ]HV-DKUGDPLW]XJHEUDFKWQDFKHLQHP9HUUFNWHQ ]X VXFKHQ" :lUH HU VR KDUWQlFNLJ JHZHVHQ ZHQQ HV VLFK XP 0lUFKHQJHVFKLFKWHQJHKDQGHOWKlWWH" 'LHV KDWWH )LIH QLHPDQGHP JHVDJW (U ZDJWH NDXP HV PLW VHLQHU HLJHQHQ 6HHOH ]X WHLOHQ :LH ZHQQ GHU 5DXPDQDO\WLNHU QLFKW YHUUFNW JHZHVHQ LVW" :LH ZHQQ WDWVlFKOLFK GHU 8QWHUJDQJ GLH :HOWGHV.\UWEHGURKWH" 'HU IORULQLVFKH 6HNUHWlU KXVFKWHYRUGHQ*URHQ*URKHUUQ6HLQH 6WLPPHZDUIDUEORVª+HUU© ª:DVJLEW V"©

ª'DV5DXPVFKLIIPLW,KUHU7RFKWHULVWJHODQGHW© ª6LQGGLHEHLGHQ*HIDQJHQHQLQ6LFKHUKHLW"© ª-D+HUU© ª/DVVHQ 6LH NHLQ 9HUK|U LQ PHLQHU $EZHVHQKHLW VWDWWILQGHQ 6LH GUIHQQLFKWVSUHFKHQHKHLFKGRUWELQ*LEWHV1HXLJNHLWHQYRQ )ORULQD"©ª-D+HUU'HU2UWVYHUZDOWHULVWLQ+DIWXQGZLUGVRHEHQ QDFK6DUNJHEUDFKW©

'HU-DFKWSLORW 'LH /LFKWHU GHV 5DXPKDIHQV OHXFKWHWHQ KHOOHU MH GXQNOHU GHU +LPPHOZXUGH=XNHLQHU6WXQGHXQWHUVFKLHGVLFKGLH%HOHXFKWXQJ YRQ GHU HLQHV 6SlWQDFKPLWWDJV $P +DIHQ ZDU ZLH DXI DOOHQ -DFKWKlIHQ GHU REHUHQ 6WDGW VWlQGLJ 7DJHVOLFKW 'LH +HOOLJNHLW VWLHJQXUXQWHUGHU0LWWDJVVRQHHWZDVDQGRFKGLHVZDUGLHHLQ]LJH $EZHLFKXQJ 0DUNLV*HQURKDWWHDOVHU]XP+DIHQNDPGLHEXQWHQ/LFKWHUGHU 6WDGW KLQWHU VLFK JHODVVHQ 6LH VWDQGHQ KHOO YRU GHP VFKZDU]HQ 1DFKWKLPPHO DEHU VLH WlXVFKWHQ QLFKW ZLH GLH /LFKWHU GHV 5DXPKDIHQV 7DJHVOLFKWYRU *HQUR EOLHE GLFKW KLQWHU GHP +DXSWHLQJDQJ VWHKHQ XQG VFKLHQ NHLQHVZHJVEHHLQGUXFNWYRQGHPJLJDQWLVFKHQ+XIHLVHQPLWVHLQHQ GUHL 'XW]HQG +DQJDUV XQG IQI 6WDUWUDPSHQ 'LHVHU $QEOLFN ZDU IU HLQHQ HUIDKUHQHQ -DFKWSLORWHQ DOOWlJOLFK (U QDKP HLQH ODQJH YLROHWWH=LJDUHWWHPLWHLQHPKDXFKGQQHQVLOEULJHQ.\UWEHU]XJDOV 0XQGVWFNDXVGHU7DVFKHXQGVWHFNWHVLH]ZLVFKHQGLH/LSSHQ(U KLHOW GLH KRKOH +DQG XP GLH 6SLW]H GHU =LJDUHWWH XQG EHREDFKWHWH ZLH VLH JUQOLFK DXIOHXFKWHWH DOV HU GHQ 5DXFK HLQVRJ 'LH =LJDUHWWH EUDQQWH ODQJVDP XQG KLQWHUOLH NHLQH $VFKH 6PDUDJGJUQHU5DXFKVWLHJDXI (LQ $QJHVWHOOWHU GHU -DFKWKDIHQ9HUZDOWXQJ ZDU VFKQHOO DXI*HQUR ]XJHJDQJHQ 1XU HLQH GLVNUHWH XQG JHVFKPDFNYROOH %HVFKULIWXQJ DXIGHP7XQLNDNQRSI]HLJWHDQGDHUHLQ$QJHVWHOOWHUGHV +DIHQV ZDU ª*XWHQ $EHQG 'RW\© VDJWH *HQUR ª+LHU KHUUVFKW MD %HWULHE ZLH JHZ|KQOLFK© ª:DUXPQLFKW"© ª$FK LFK GDFKWH QXU GD HV EHL DOO GHP 5XPPHO LQ GHU 6WDGW YLHOOHLFKW LUJHQGHLQHP KHOOHQ .RSI HLQIDOOHQ N|QQWH GHQ +DIHQ ]X VFKOLHHQ6DUNVHL'DQNGDHVQLFKWGHU)DOOLVW© ª$EHU HV NDQQ VRZHLW NRPPHQ +DEHQ 6LH VFKRQ GDV 1HXHVWH

JHK|UW"© *HQUR JULQVWH ª:LH VROO HLQHU GDV 1HXHVWH YRP $OOHUQHXHVWHQ XQWHUVFKHLGHQ+DWPDQGHQ0|UGHUHQGOLFKJHIDW"© ª1HLQ$EHUPDQZHLMHW]WGDHUQLFKWPHKULQGHUXQWHUHQ6WDGW LVW© ª1LFKW":RGDQQ"© ª,QGHUREHUHQ6WDGW+LHU© ª0DFKHQ6LHNHLQH:LW]H© *HQURNQLIIXQJOlXELJGLH$XJHQ]XVDPPHQ ª%HVWLPPW©VDJWHGHU$QJHVWHOOWHHLQZHQLJJHNUlQNWª'LH3ROL]HL VXFKWGLH.\UWVWUDHDEXQGKDWGHQ6WDGWSDUNXPVWHOOW©ª1XQMD© *HQURV $XJHQ EOLW]WHQ XQUXKLJ EHU GLH LQ GHQ +DQJDUV VWHKHQGHQ 5DXPMDFKWHQª,FKJODXEHLFKELQVHLW]ZHL0RQDWHQQLFKWPHKULP +DIHQQHXQJHZHVHQ6LQGLUJHQGZHOFKHQHXHQ6FKLIIHGD"© ª1HLQ'RFKMD+MRUGHVVHV!3IHLO© *HQUR VFKWWHOWH GHQ .RSI ª.HQQH LFK 1LFKWV DOV &KURP ,FK ZHUGHPLUQRFKHLQPDOVHOEVWHLQVHQWZHUIHQPVVHQ© ª*HIlOOW,KQHQ,KU!.RPHW9QLFKWPHKU"© ª,FK ZHUGH LKQ YHUNDXIHQ RGHU YHUVFKURWWHQ,FK NDQQ GLHVH QHXHQ 0RGHOOH QLFKW OHLGHQ 6LH VLQG ]X VHKU DXWRPDWLVLHUW 'LH DXWRPDWLVFKH 6WHXHUXQJ XQG GLH )OXJEDKQUHJXOLHUXQJ YHUGHUEHQ HLQHPGLH)UHXGHDP6SRUW© ª'DV VDJHQ YLHOH DQGHUH DXFK© VWLPPWH 'RW\ ]X ª:HQQ LFK YRQ HLQHP JXWHUKDOWHQHQ lOWHUHQ 0RGHOO K|UH ODVVH LFK HV 6LH ZLVVHQ© ª'DQNH'DUILFKHLQZHQLJEHUGHQ3ODW]JHKHQ"© ª1DWUOLFK© *HQURJLQJODQJVDPDQGHQ+DQJDUVHQWODQJGLHKDOEDXVJHUDXFKWH =LJDUHWWH LP 0XQGZLQNHO (U EOLHE DQ MHGHP EHVHW]WHQ +DQJDU VWHKHQ XQG WD[LHUWH VHLQHQ ,QKDOW 'LH -DFKW LQ +DQJDU HUUHJWH VHLQEHVRQGHUHV,QWHUHVVH(UVFKDXWHEHUGLHQLHGULJH%DUULHUHXQG VDJWHª+DOOR"© 'HU 5XI NODQJ ZLH HLQH K|IOLFKH $QIUDJH 'RFK QDFK HLQLJHQ 6HNXQGHQULHIHUQRFKHLQPDOHLQZHQLJEHVWLPPWHUHWZDVZHQLJHU K|IOLFK 'HU !*URKHUU GHU LQV %OLFNIHOG NDP ZDU NHLQ VHKU HLQGUXFNVYROOHU $QEOLFN (UVWHQV WUXJ HU NHLQHQ -DFKWDQ]XJ ]ZHLWHQV ZDU HU XQUDVLHUW XQG KDWWH VHLQH .DSSH LQ K|FKVW DOWPRGLVFKHU 0DQLHU WLHI LQ GLH 6WLUQ JH]RJHQ 6LH EHGHFNWH VHLQ KDOEHV *HVLFKW 8QG VFKOLHOLFK ODJ LQ VHLQHP %HWUDJHQ HLQH PLWUDXLVFKHhEHUYRUVLFKW'HU!*URKHUUKLH0\UO\Q7HUHQV ª,FKELQ0DUNLV*HQUR,VWGDV,KUH-DFKW+HUU"© ª-D© *HQUR VFKRE GHQ +XW LQ GHQ 1DFNHQ XQG EHWUDFKWHWH GLH -DFKW DXIPHUNVDP (U VFKQLSSWH GHQ 5HVW VHLQHU =LJDUHWWH KRFK LQ GLH

/XIWZRHUVLFKXQWHUHLQHPVFKZDFKHQ%OLW]DXIO|VWH ª+DEHQ6LHHWZDVGDJHJHQZHQQLFKKLQHLQNRPPH"©IUDJWH*HQUR 7HUHQV]|JHUWHWUDWDEHU]XU6HLWH ª:DVIU0RWRUHQKDW,KU6FKLII+HUU"© ª:DUXP"© *HQUR ZDU JUR XQG GXQNHOKDDULJ (U EHUUDJWH GHQ DQGHUHQ XP HLQHQ KDOEHQ .RSI XQG VHLQ /lFKHOQ ]HLJWH ZHLH HEHQPlLJH =lKQH ª8P RIIHQ ]X VHLQ LFK P|FKWH PLU HLQH QHXH -DFKW NDXIHQ© ª:ROOHQ6LHGDPLWVDJHQGD6LHVLFKIUGLHVHKLHULQWHUHVVLHUHQ"© ª9LHOOHLFKW :HQQ GHU 3UHLV QLFKW ]X KRFK LVW :UGH HV ,KQHQ HWZDV DXVPDFKHQ ZHQQ LFK PLU GLH $UPDWXUHQ DQVHKH"© 7HUHQV VFKZLHJ *HQURV 6WLPPH ZXUGH HLQ ZHQLJ NKOHU ª1DWUOLFK QXU ZHQQ HV ,KQHQDQJHQHKPLVW© ª,FK ZUGH GLH -DFKW XQWHU 8PVWlQGHQ YHUNDXIHQ© VDJWH GHU *URKHUU (U ILQJHUWH LQ VHLQHQ 7DVFKHQ ª+LHU LVW GLH /L]HQ]© *HQUR ZDUI DXI EHLGH 6HLWHQ HLQHQ UDVFKHQ %OLFN 'DQQ UHLFKWH HU VLH LKP ]XUFNª6LHVLQG'HDPRQH"© 7HUHQV QLFNWH ª6LH N|QQHQ KHUHLQNRPPHQ ZHQQ 6LH ZROOHQ© *HQUR VFKDXWH NXU] DXI GLH +DIHQXKU (V ZDU GLH ]ZHLWH 6WXQGH QDFK6RQQHQXQWHUJDQJª'DQNH:ROOHQ6LHYRUDXVJHKHQ"©7HUHQV JULII ZLHGHU LQ GLH 7DVFKH XQG ]RJ HLQHQ 6FKOVVHOEXQG KHUDXV ª1DFK,KQHQELWWH© *HQUR QDKP GHQ 6FKOVVHOEXQG (U EOlWWHUWH GLH 6FKOVVHO GXUFK VFKDXWH DXI GLH NOHLQHQ HLQJHSUlJWHQ =HLFKHQ 'HU DQGHUH PDFKWH NHLQHQ9HUVXFKLKP]XKHOIHQ 6FKOLHOLFK VDJWH *HQUR ª,FK JODXEH GLHVHU KLHU LVW HV QLFKW ZDKU"© (U JLQJ GLH VFKPDOH 5DPSH ]XU /XIWVFKOHXVH KLQDXI XQG SUIWH HLQJHKHQG GLH 1DKW ]XU 5HFKWHQ GHU 6FKOHXVH ª,FK NDQQ HV QLFKW HUNHQQHQ DK KLHU© 8QG HU JLQJ ]XU DQGHUHQ 6HLWH GHU 6FKOHXVH *HUlXVFKORV |IIQHWH VLFK GLH 6FKOHXVH XQG *HQUR WUDW LQ GLH )LQVWHUQLV (LQ URWHV /LFKW JLQJ DXWRPDWLVFK DQ DOV VLFK GLH 7U KLQWHU LKP VFKOR 'LH LQQHUH 7U |IIQHWH VLFK XQG LP JDQ]HQ 6FKLIIIODPPWHQZHLH/LFKWHUDXI 0\UO\Q 7HUHQV NRQQWH NHLQH IUHLH (QWVFKHLGXQJ PHKU WUHIIHQ'UHL YHUGDPPWH 6WXQGHQ ODQJ KDWWH HU QHEHQ 'HDPRQHV 6FKLII JHVWDQGHQXQGKDWWHJHZDUWHW(UZDUXQIlKLJHWZDVDQGHUHV]XWXQ DOVDXIVHLQH)HVWQDKPH]XZDUWHQ 8QGGDQQZDUGLHVHUMXQJH0DQQJHNRPPHQXQGKDWWHVLFKIUGLH -DFKW LQWHUHVVLHUW 0LW LKP EHU GDV 6FKLII ]X YHUKDQGHOQ ZDU Y|OOLJHU :DKQVLQQ $EHU VFKOLHOLFK NRQQWH HU DXFK QLFKW JXW

EOHLEHQZRHUZDU ,QGHU-DFKWZlUHZHQLJVWHQVHWZDV(EDUHV6HOWVDPGDLKPGLHV QLFKWVFKRQYRUKHUHLQJHIDOOHQZDU ª(VLVW(VVHQV]HLW©VDJWH7HUHQVª'DUILFK,KQHQHWZDVDQELHWHQ"© 'HUDQGHUHEOLFNWHVLFKNDXPXPª6SlWHUYLHOOHLFKWYLHOHQ'DQN© 7HUHQV GUlQJWH LKQ QLFKW (U OLH LKQ LP 6FKLII XPKHUVWUHLIHQ XQG EHVFKlIWLJWH VLFK GDQNEDU PLW GHP 'RVHQIOHLVFK XQG GHQ LQ =HOOXORVH YHUSDFNWHQ )UFKWHQ GLH HU LQ HLQHP 6FKUDQN IDQG $XI GHU DQGHUHQ 6HLWH GHV .RUULGRUV JHJHQEHU GHU .FKH ZDU HLQ 'XVFKUDXP (U WUDW HLQ VFKOR GLH 7U KLQWHU VLFK XQG EDGHWH (V ZDUHLQH:RKOWDWDOVHUGLHHQJH0W]HDEQHKPHQNRQQWH(UIDQG VRJDU HLQHQ VFKPDOHQ .OHLGHUVFKUDQN DXV GHP HU IULVFKH :lVFKH QDKP 7HUHQV ZDU YLHO PHKU +HUU VHLQHU VHOEVW DOV HU GHQ 'XVFKUDXP YHUOLH ª6DJHQ 6LH KlWWHQ 6LH HWZDV GDJHJHQ ZHQQ LFK YHUVXFKH GLHVHV 6FKLII ]X IOLHJHQ"© IUDJWH *HQURª$EHU QLFKW LP JHULQJVWHQ .|QQHQ 6LH GLHVHV 0RGHOO VWHXHUQ"© IUDJWH 7HUHQV PLW HOHJDQWHU /lVVLJNHLW ª,FKGHQNH©VDJWHGHUDQGHUHOlFKHOQGª,FKVFKPHLFKOHPLUVHOEVW GD LFK DOOH JHEUlXFKOLFKHQ 0RGHOOH VWHXHUQ NDQQ hEULJHQV KDEH LFK PLU EHUHLWV GLH )UHLKHLW JHQRPPHQ GHQ .RQWUROOWXUP DQ]XUXIHQ (V LVW JHUDGH HLQH $EIOXJUDPSH IUHL +LHU LVW PHLQH -DFKWOL]HQ]© 7HUHQ] ZDUI HLQHQ IOFKWLJHQ %OLFN GDUDXI ª6FK|Q EHUQHKPHQ 6LHGDV6FKLII©VDJWHHU'LH 5DXPMDFKWJOLWW ZLHHLQ:DODXVGHP +DQJDU,KUHGLDPDJQHWLVLHUWH+OOHVFKZHEWH]HKQ=HQWLPHWHUEHU GHP )HOG 7HUHQV VDK ]X ZLH *HQUR GLH 6WHXHU KDQGKDEWH 'LH -DFKW EHEWH XQWHU VHLQHU %HUKUXQJ 'DV NOHLQH $EELOG GHV +DIHQV DXIGHP%LOGVFKLUPYHUVFKRE VLFKEHLGHUJHULQJVWHQ%HZHJXQJGHU +HEHO $P 5DQG GHU 6WDUWUDPSH EOLHE GDV 6FKLII VWHKHQ 'DV GLDPDJQHWLVFKH)HOG]RJQXQLPPHUVWlUNHUDP=XJXQGGLH-DFKW EHJDQQ VLFK DXI]XULFKWHQ 7HUHQV EHPHUNWH GLHV QLFKW GD VLFK GHU 3LORWHQUDXP DXI HLQHP .DUGDQJHOHQN PLWGUHKWH 0DMHVWlWLVFK JULIIHQ GLH +LQWHUIORVVHQ GHV 6FKLIIHV LQ GLH GDIU YRUJHVHKHQHQ )XUFKHQ GHU 5DPSH (V VWDQG DXIUHFKW 6HLQH 6SLW]H ]HLJWH ]XP +LPPHO 'LH 'XUDOLWGHFNH GHU 6WDUWUDPSH JOLWW ]XUFN XQG HQWKOOWH GLH KXQGHUW 0HWHU WLHIH QHXWUDOLVLHUHQGH 9HUNOHLGXQJ GLH GLH HUVWHQ (QHUJLHVW|H GHU +\SHUDWRP0RWRUHQ DXIQDKP *HQUR VSUDFK PLW GHP .RQWUROOWXUP ª=HKQ 6HNXQGHQ ELV ]XP 6WDUW© VDJWH HU VFKOLHOLFK (LQ VWHLJHQGHU URWHU )DGHQ LQ HLQHU 4XDU]U|KUH PDUNLHUWH GLH VFKZLQGHQGHQ6HNXQGHQXQGVFKOREHL1XOOGHQ.RQWDNW

7HUHQVZXUGHLQGHQ6LW]JHSUHWª:LHIOLHJWHVVLFK"©JUXQ]WHHU *HQURVFKLHQXQHPSILQGOLFKIUGLH%HVFKOHXQLJXQJ6HLQH6WLPPH KDWWHIDVWGHQQRUPDOHQ7RQDOVHUVDJWHª*DQ]JXW© 7HUHQV VDK ZLH GLH 6WHUQH DXI GHP %LOGVFKLUP KDUW XQG KHOO ZXUGHQDOVGDV6FKLIIGLH$WPRVSKlUHYHUOLH'HU.\UWDXIVHLQHU +DXW IKOWH VLFK NDOW XQG IHXFKW DQ 6LH ZDUHQ GUDXHQ LP 5DXP *HQUR PDQ|YULHUWH GDV 6FKLII GXUFK GLH HLQ]HOQHQ *DQJDUWHQ 7HUHQV VDK ZLH GLH 6WHUQH EHU GHQ %LOGVFKLUP ZDQGHUWHQ ZlKUHQG GLH ODQJHQ VFKPDOHQ )LQJHU GHV 3LORWHQ PLW GHQ 6WHXHUQ VSLHOWHQ DOV ZlUHQ HV GLH 7DVWHQ HLQHV 0XVLNLQVWUXPHQWV 6FKOLHOLFKIOOWHHLQ7HLOHLQHUULHVLJHQRUDQJHQHQ.XJHOGLHNODUH 2EHUIOlFKHGHV%LOGVFKLUPV ª1LFKW VFKOHFKW© VDJWH *HQUR ª6LH KDOWHQ ,KU )DKU]HXJ LQ JXWHP =XVWDQG'HDPRQH(VLVWNOHLQDEHUHVKDWVHLQH9RU]JH© ª,FKQHKPHDQ6LHZUGHQJHUQQRFKGLH*HVFKZLQGLJNHLWXQGGLH 6SUXQJIlKLJNHLW SUIHQ© VDJWH 7HUHQV YRUVLFKWLJ ª(V VWHKW ,KQHQ IUHL,FKKDEHQLFKWVGDJHJHQ© *HQURQLFNWHª6HKUJXW:RKLQVROOHQZLU":DVKDOWHQ6LHYRQ ©(U]|JHUWHª1XQZLHZDU VPLW6DUN"© 7HUHQVDWPHWHHLQZHQLJVFKQHOOHU(UKDWWHGDVHUKRIIW(UZDUQDKH GDUDQ]XJODXEHQGDHULQHLQHU:HOWGHU=DXEHUHLOHEWH(VZlUH QLFKW VFKZHU JHZHVHQ LKQ GDYRQ ]X EHU]HXJHQ GD HV HLQH K|KHUH)JXQJZDUGLHVHLQH6FKULWWHOHQNWH$XI6DUNZDU5LNPLW VHLQHP ZLHGHUNHKUHQGHQ *HGlFKWQLV 'DV 6SLHO ZDU QRFK QLFKW YHUORUHQ ª:DUXPQLFKW*HQUR©VWLPPWHHUHLIULJ]X ª'DQQDOVRQDFK6DUN© 0LW ZDFKVHQGHU *HVFKZLQGLJNHLW JOLWW GLH .XJHO )ORULQD DXV GHP %OLFNIHOG GHV %LOGVFKLUPV XQG GLH 6WHUQH NHKUWHQ ]XUFN ª:LH VFKQHOO IOLHJHQ 6LH JHZ|KQOLFK GLH 6WUHFNH )ORULQD6DUN"© IUDJWH *HQUR ª.HLQH 5HNRUG]HLWHQ© VDJWH 7HUHQV ª8QJHIlKU 'XUFKVFKQLWW© ª$EHU6LHKDEHQHVGRFKVLFKHUVFKRQLQZHQLJHUDOVVHFKV6WXQGHQ JHVFKDIIWQHKPHLFKDQ© ª*HOHJHQWOLFKMD© ª+DEHQ 6LH HWZDV GDJHJHQZHQQLFKHVLQIQIYHUVXFKH"©ª1HLQ LP*HJHQWHLO©VDJWH7HUHQV (V GDXHUWH 6WXQGHQ ELV VLH HLQHQ 3XQNW HUUHLFKW KDWWHQ GHU ZHLW JHQXJYRQGHU*UDYLWlWVDEOHQNXQJ GHU6RQQH)ORULQDVHQWIHUQWZDU XPGHQ6SUXQJGXUFKIKUHQ]XN|QQHQ )U 7HUHQV ZDU GDV :DFKVHLQ HLQH 7RUWXU 'UHL 1lFKWH KDWWH HU ZHQLJ RGHU JDU QLFKW JHVFKODIHQ XQG GLH $QVWUHQJXQJHQ GHU 7DJH KDWWHQ DQ VHLQHU .UDIW JH]HKUW *HQUR EOLFNWH LKQYRQGHU6HLWHDQ ª:DUXPOHJHQ6LHVLFKQLFKWHLQELFKHQDXIV2KU"©

7HUHQV JDE VLFK XQWHU $QVWUHQJXQJ GHQ $QVFKHLQ YRQ 0XQWHUNHLW ª1LFKWQ|WLJ© $EHU HU JlKQWH KHPPXQJVORV XQG OlFKHOWH XP GDGXUFK XP 9HU]HLKXQJ ]X ELWWHQ 'HU -DFKWSLORW ZDQGWH VLFK ZLHGHU GHQ ,QVWUXPHQWHQ ]X XQG ZLHGHU ZXUGHQ 7HUHQV $XJHQ JODVLJ 'LH 6LW]H LQ HLQHU 5DXPMDFKW VLQG ZHLFK 6LH PVVHQ GHQ 5HLVHQGHQ JHJHQ GLH %HVFKOHXQLJXQJ DEIHGHUQ 6HOEVW HLQ 0DQQ GHU QLFKW EHVRQGHUV PGH LVW NDQQ OHLFKW DXI LKQHQ HLQVFKODIHQ 7HUHQV GHU LQ GLHVHP $XJHQEOLFN DXI *ODVVSOLWWHUQ KlWWH VFKODIHQ N|QQHQ ZXWHQLFKWZDQQHUHLQJHVFKODIHQZDU (U VFKOLHI VWXQGHQODQJ (U VFKOLHI VR WLHI XQG WUDXPORV ZLH VFKRQ ODQJHQLFKWPHKU (U UKUWH VLFK QLFKW (U ]HLJWH DXFK QLFKW GDV JHULQJVWH $Q]HLFKHQ YRQ /HEHQ DXHU VHLQHP UHJHOPlLJHQ $WHP DOV LKP GLH 0W]H YRP.RSIJH]RJHQZXUGH 7HUHQV HUZDFKWH ODQJVDP 0LQXWHQODQJ KDWWH HU QLFKW GLH OHLVHVWH $KQXQJZRHUVLFKEHIDQG(UGDFKWHHUVHLZLHGHULQVHLQHP+DXV DXI )ORULQD 7URSIHQZHLVH VLFNHUWH GLH :LUNOLFKNHLW LQ VHLQ %HZXWVHLQ6FKOLHOLFKJHODQJHVLKP*HQURGHULPPHUQRFKDP 6WHXHU VD DQ]XOlFKHOQ ª,FK JODXEH QXQ ELQ LFK GRFK HLQ ZHQLJ HLQJHVFKODIHQ© ª-D LFK JODXEH DXFK +LHU LVW 6DUN© *HQUR GHXWHWH PLW GHP .RSI DXI GHQ JURHQ ZHLHQ +DOEPRQG DXI GHP %LOGVFKLUP ª:DQQ ODQGHQZLU"© ª8QJHIlKULQHLQHU6WXQGH© 7HUHQV ZDU QXQ ZDFK JHQXJ XP HLQHQ OHLFKWHQ :DQGHO LP 9HUKDOWHQ GHV DQGHUHQ ]X EHPHUNHQ XQG HV GXUFKIXKU LKQ HLVNDOW DOVVLFKGHUVWDKOJUDXH*HJHQVWDQGLQ*HQURV+DQGDOVGHUJUD]L|VH /DXIHLQHU1DGHOSLVWROHKHUDXVVWHOOWH ª:DVLP+LPPHO©EHJDQQ7HUHQVXQGVWDQGDXI ª6HW]HQ 6LH VLFK© VDJWH *HQUR JHODVVHQ ,Q VHLQHU DQGHUHQ +DQG KLHOWHUHLQH0W]H7HUHQVJULIIVLFKDQGHQ.RSIXQG VHLQH)LQJHU IDWHQ LQV KHOOH +DDU ª-D© VDJWH *HQUR ª(V LVW JDQ] RIIHQVLFKWOLFK6LHVLQG)ORULQLHU©7HUHQVHUZLGHUWHQLFKWVª6FKRQ HKH LFK GLH -DFKW GHV DUPHQ 'HDPRQH EHWUDW ZXWH LFK GD 6LH )ORULQLHU VLQG© 7HUHQV 0XQG ZDU WURFNHQ XQG VHLQH $XJHQ EUDQQWHQ (U VWDUUWH DXI GLH GQQH W|GOLFKH 0QGXQJ GHV 3LVWROHQODXIV XQG ZDUWHWH DXI HLQHQ SO|W]OLFKHQ ODXWORVHQ %OLW] 1XQ ZDU HU VRZHLW JHNRPPHQ XQG KDWWH GDV 6SLHO QRFK YHUORUHQ *HQURVFKLHQHVQLFKWHLOLJ]XKDEHQ(UKLHOWGLH1DGHOSLVWROHUXKLJ LQ GHU +DQG XQG VSUDFK ODQJVDP ª,KU +DXSWIHKOHU 2UWVYHUZDOWHU ZDU GHU *HGDQNH GD 6LH HLQH RUJDQLVLHUWH 3ROL]HL HQGORV DQ GHU 1DVH KHUXPIKUHQ N|QQWHQ $XHUGHP ZlUH HV NOJHU JHZHVHQ VLFKQLFKWDXVJHUHFKQHW'HDPRQHDOV2SIHUDXV]XVXFKHQ©

ª,FKKDEHLKQQLFKWDXVJHVXFKW©NUlFK]WH7HUHQV ª'DQQ QHQQHQZLUHV3HFK$OVWDUH'HDPRQHZDUWHWHYRUXQJHIlKU ]Z|OI 6WXQGHQ LP 6WDGWSDUN DXI VHLQH )UDX (V ZDU UHLQH 6HQWLPHQWDOLWlW GD HU VLFK DXVJHUHFKQHW LQ GHU 0XOGH PLW LKU YHUDEUHGHW KDWWH 6LH KDWWHQ VLFK QlPOLFK DQ MHQHU 6WHOOH NHQQHQJHOHUQW XQG WUDIHQ VLFK GRUW DQ MHGHP -DKUHVWDJ GHU %HJHJQXQJ ZLHGHU (V LVW QLFKWV EHVRQGHUV 2ULJLQHOOHV DQ GLHVHU $UWGHU=HUHPRQLH]ZLVFKHQMXQJHQ(KHSDDUHQDEHUIUVLHVFKHLQW HV ZLFKWLJ JHZHVHQ ]X VHLQ 1DWUOLFK DKQWH 'HDPRQH QLFKW GD LKQGLHVHUYHUKlOWQLVPlLJHLQVDPH3ODW]]XP2SIHUHLQHV0|UGHUV ZHUGHQ ODVVHQ N|QQWH :HU KlWWH DXFK LQ GHU REHUHQ 6WDGW DQ VR HWZDV JHGDFKW 1RUPDOHUZHLVH ZlUH GHU 0RUG WDJHODQJ QLFKW HQWGHFNWZRUGHQ'HDPRQHV)UDXMHGRFKZDUZHQLJH0LQXWHQQDFK GHP9HUEUHFKHQDP7DWRUW6LHZXQGHUWHVLFKGDLKU0DQQQLFKW GRUWZDU(VZDUQLFKWVHLQH$UWLP=RUQIRUW]XJHKHQZHLOVLHVLFK HLQ ZHQLJ YHUVSlWHW KDWWH 6LH YHUVSlWHWH VLFK RIW 0HKU RGHU ZHQLJHU HUZDUWHWH HU GDV VRJDU 'HVKDOE GDFKWH VLH HU ZDUWH YLHOOHLFKW LQ !LKUHU +|KOH DXI VLH 'HDPRQH KDWWH QDWUOLFK YRU !LKUHU+|KOHJHZDUWHW'DKHUZDUHVDXFKGLHMHQLJHLQGLHHUQDFK VHLQHU(UPRUGXQJJH]RJHQZXUGH6HLQH)UDXWUDWLQGLH+|KOHXQG IDQGQXQ6LHZLVVHQZDVVLHIDQG(VJHODQJLKUGLH1DFKULFKWDQ GLH 3ROL]HL ZHLWHU]XJHEHQ REZRKO VLH YRU (QWVHW]HQ IDVW EHVLQQXQJVORV ZDU :LH IKOW PDQ VLFK 2UWVYHUZDOWHU ZHQQ PDQ HLQHQ 0DQQ HUPRUGHW KDW GHVVHQ )UDX GDQQ VHLQH 2EHUUHVWH DXVJHUHFKQHW DQ GHU 6WHOOH ILQGHW GLH PLW GHQ JOFNOLFKVWHQ (ULQQHUXQJHQ IU VLH EHLGH YHUEXQGHQ LVW"© 7HUHQV ZUJWH ª,KU 6DUNLWHQ KDEW 0LOOLRQHQ YRQ )ORULQLHUQ JHW|WHW DXFK )UDXHQ XQG .LQGHU ,KU VHLG UHLFK JHZRUGHQ GXUFK XQV 'LHVH -DFKWª 0HKU EUDFKWHHUQLFKWKHUDXVª'HDPRQHZDUQLFKWYHUDQWZRUWOLFKIUGLH 6LWXDWLRQ GLH HU EHL 6HLQHU *HEXUW YRUIDQG© VDJWH *HQUR ª:DV KlWWHQ 6LH JHWDQ ZHQQ 6LH DOV 6DUNLW ]XU :HOW JHNRPPHQ ZlUHQ" +lWWHQ 6LH ,KUH %HVLW]WPHU DXIJHJHEHQ XQG ZlUHQ LQ GLH .\UWIHOGHU]XU$UEHLWJHJDQJHQ"© ª6FK|Q DOVR VFKLHHQ 6LH HQGOLFK© ULHI 7HUHQV ª:RUDXI ZDUWHQ 6LHQRFK"© ª'DV KDW NHLQH (LOH :LU KDEHQ JHQJHQG =HLW XQG LFK P|FKWH PHLQH*HVFKLFKWHJHUQ]X(QGHHU]lKOHQ'DGLH$VFKHGLHQHEHQ GHU /HLFKH ODJ YRQ HLQHU 3ROL]HLXQLIRUP KHUUKUWH VFKO|VVHQ ZLU GDUDXI GD 6LH GHU 0|UGHU ZDUHQ XQG VLFK DOV 6DUNLW PDVNLHUW KDEHQ )HUQHU ZDU HV ZDKUVFKHLQOLFK GD 6LH ]X 'HDPRQV -DFKW JHKHQ ZUGHQ 2EHUVFKlW]HQ 6LH QLFKW XQVHUH 'XPPKHLW 2UWVYHUZDOWHU 'HU )DOO ZDU DEHU QRFK NRPSOL]LHUW (V JHQJWH QLFKW 6LH HLQIDFK DXI]XVSUHQ 6LH ZDUHQ EHZDIIQHW XQG KlWWHQLP $XJHQEOLFN GHU )HVWQDKPH ]ZHLIHOORV 6HOEVWPRUG EHJDQJHQ

6HOEVWPRUG DEHU NRQQWHQ ZLU QLFKW EUDXFKHQ 0DQ ZROOWH 6LH DXI 6DUN KDEHQ XQG ]ZDU LQ RUGHQWOLFKHP =XVWDQG (V ZDU HLQH GHOLNDWH $QJHOHJHQKHLW 9RU DOOHP PXWH LFK GDV 6LFKHUKHLWVPLQLVWHULXP GDYRQ EHU]HXJHQ GD LFK GHQ )DOO DOOHLQ EHUQHKPHQ XQG 6LH RKQH $XIKHEHQV XQG RKQH 6FKZLHULJNHLWHQ QDFK6DUNEULQJHQZUGH8QGGLHVWXHLFKLP$XJHQEOLFN 8P,KQHQGLH:DKUKHLW]XVDJHQ,FKKDEHPLFK]XHUVWJHIUDJWRE 6LH ZLUNOLFK XQVHU 0DQQ VHLHQ 6LH ZDUHQ LP QRUPDOHQ 6WUDHQDQ]XJ DXI GHP -DFKWKDIHQ 'DV ZDU XQJODXEOLFK VWLOORV 1LHPDQG VFKLHQ PLU ZUGH DXFK QXU LP 7UDXP GDUDQ GHQNHQ HLQHQ -DFKWSLORWHQ RKQH GHQ HQWVSUHFKHQGHQ $Q]XJ ]X YHUN|USHUQ ,FK GDFKWH 6LH VHLHQ DOV .|GHU JHVFKLFNW ZRUGHQ XQG ZROOWHQ XQV DEOHQNHQ ZlKUHQG GHU 0DQQ GHQ ZLU VXFKWHQ LQ HLQH DQGHUH 5LFKWXQJYHUVFKZDQG ,FK KDEH 6LH GHVKDOE DXI GLH 3UREH JHVWHOOW ,FK KDQWLHUWH PLW GHQ 6FKOVVHOQ DQ GHU IDOVFKHQ 6WHOOH .HLQ 5DXPVFKLII GDV MHPDOV JHEDXWZXUGH|IIQHWVLFKDQGHUUHFKWHQ6HLWHGHU/XIWVFKOHXVH(V |IIQHW VLFK LPPHU XQG XQYHUlQGHUOLFK OLQNV GDYRQ 6LH KDEHQ NHLQHUOHL hEHUUDVFKXQJ EHU PHLQHQ )HKOHU JH]HLJW 'DQQ IUDJWH LFK6LHRE ,KUH-DFKWMHPDOVGLH6WUHFNH)ORULQD 6DUNLQZHQLJHU DOV VHFKV 6WXQGHQ ]XUFNJHOHJW KDWWH 6LH VDJWHQ !JHOHJHQWOLFK 'DVLVWUHFKWEHPHUNHQVZHUW'LH5HNRUG]HLWIUGLH6WUHFNHEHWUlJW QlPOLFKQHXQ6WXQGHQ'DUDXVVFKORLFKGD6LHNHLQ.|GHUVHLQ NRQQWHQ,KUH8QZLVVHQKHLWZDU]XJUR6LHPXWHQYRQ1DWXU DXV XQZLVVHQG VHLQ XQG ZDKUVFKHLQOLFKGHUULFKWLJH0DQQ(VKDQGHOWH VLFKDOVRQXUQRFKGDUXPGD6LHHLQVFKOLHIHQ PDQVDK,KQHQDQ GD 6LH 6FKODI GULQJHQG Q|WLJ KDWWHQ 6LH ]X HQWZDIIQHQ XQG LQ DOOHU 6WLOOH PLW HLQHU JHHLJQHWHQ :DIIH LQ 6FKDFK ]X KDOWHQ ,FK QDKP,KQHQPHKUDXV1HXJLHUDOVDXVLUJHQGHLQHPDQGHUHQ*UXQG GLH 0W]H DE ,FK ZROOWH VHKHQ ZLH HLQ 6DUNLWHQ$Q]XJ DXVVLHKW ZHQQHLQURWKDDULJHU.RSIGDUDXVKHUYRUVFKDXW© 7HUHQVEOLFNWHVWDUUDXIGLH1DGHOSLVWROH9LHOOHLFKWVDK*HQURZLH VHLQH .LHIHUPXVNHOQ VLFK VWUDIIWHQ 9LHOOHLFKW HUULHW HU ZDV 7HUHQV GDFKWH ª1DWUOLFK GDUI LFK 6LH QLFKW W|WHQ© VDJWH HU ª6HOEVW ZHQQ 6LH PLFK DQJUHLIHQ ,FK NDQQ 6LH QLFKW HLQPDO LQ 1RWZHKU W|WHQ $EHU JODXEHQ6LHMDQLFKWGD,KQHQGDVHLQHQ9RUWHLOYHUVFKDIIW:HQQ 6LHVLFKEHZHJHQVFKLHHLFK,KQHQHLQ%HLQDE© 7HUHQV OHJWH GLH +lQGH YRU GLH $XJHQ XQG VD UHJXQJVORV GD ª:LVVHQ 6LH ZDUXP LFK ,KQHQ GDV DOOHV HU]lKOH"© VDJWH *HQUR UXKLJ 7HUHQVDQWZRUWHWHQLFKW ª(UVWHQV©VDJWH*HQURªVHKHLFK6LH]LHPOLFKJHUQOHLGHQ,FKPDJ 0|UGHU QLFKW XQG LQVEHVRQGHUH PDJ LFK )ORULQLHU QLFKW GLH

6DUNLWHQ HUPRUGHQ 0DQ KDW PLU EHIRKOHQ 6LH OHEHQG DE]XOLHIHUQ $EHU LQ PHLQHQ %HIHKOHQ VWHKW QLFKW GD LFK ,KQHQ GLH 5HLVH DQJHQHKPPDFKHQPX=ZHLWHQVLVWHV QRWZHQGLJGD6LHPLWGHU 6LWXDWLRQ YHUWUDXW VLQG GHQQ ZHQQ ZLU DXI 6DUN JHODQGHW VLQG KlQJHQGLHQlFKVWHQ6FKULWWHYRQ,KQHQDE© 7HUHQVEOLFNWHDXIª:LHELWWH"© ª'DV 6LFKHUKHLWVPLQLVWHULXP ZHL GD 6LH DQNRPPHQ $EHU LFK VDJWH YRUKLQ HV ZDU QRWZHQGLJ IU PLFK GDV 6LFKHUKHLWVPLQLVWHULXP]XEHU]HXJHQGDLFKGLHVHV8QWHUQHKPHQ DOOHLQ GXUFKIKUHQ NDQQ 'DUDXI NRPPW HV DQ 8QG GLH 7DWVDFKH GDHVPLUJHOLQJWZLUGGLH6DFKODJHHUKHEOLFKlQGHUQ© ª,FKYHUVWHKH6LHQLFKW©VDJWH7HUHQVYHU]ZHLIHOW 0LW *HPWVUXKH DQWZRUWHWH *HQUR ª,FK VDJWH !PDQ ZROOWH 6LH DXI 6DUN KDEHQ !PDQ ZROOWH 6LH LQ JXWHP =XVWDQG KDEHQ 0LW !PDQ PHLQH LFK QLFKW GDV 6LFKHUKHLWVPLQLVWHULXP ,FK PHLQH 7UDQWRU©

'HU$EWUQQLJH 6HOLP -XQ] ZDU QLH SKOHJPDWLVFK JHZHVHQ (LQ -DKU YHUJHEOLFKHU $UEHLW KDWWH QLFKWV GDUDQ JHlQGHUW (U NRQQWH QLFKW LQ 5XKH :HLQ WULQNHQ ZlKUHQG GLH )XQGDPHQWH VHLQHU JHLVWLJHQ 2ULHQWLHUXQJ VFKZDQNWHQ.XU]HUZDUQLFKW/XGLJDQ$EHO $OV -XQ] VHLQHP bUJHU GDUEHU /XIW JHPDFKW KDWWH GD PDQ HV 6DUN JHVWDWWHWH HLQ 0LWJOLHG GHV ,5% ]X HQWIKUHQ XQG HLQ]XVSHUUHQ JOHLFKJOWLJ LQ ZHOFKHP =XVWDQG GDV WUDQWRULQLVFKH 6SLRQDJHQHW] DXFK VHLQ PRFKWH VDJWH $EHO QXU ª,FK JODXEH HV ZlUHGDVEHVWHZHQQ6LHGLH1DFKWEHUKLHUEOLHEHQ'RNWRU© ª,FKKDEHHWZDV%HVVHUHV]XWXQ©HUZLGHUWH-XQ]HLVNDOW ª=ZHLIHOORV ]ZHLIHOORV© VDJWH $EHO ª$EHU ZHQQ VFKRQ PHLQH /HXWH HUPRUGHW ZHUGHQ JHKW 6DUN ]LHPOLFK GUHLVW YRU (V LVW QLFKW DXVJHVFKORVVHQ GD DXFK ,KQHQ HWZDV ]XVWRHQ ZUGH HKH GLH 1DFKWYRUEHULVW:LUZROOHQGLHVH1DFKWDEZDUWHQXQGVHKHQZDV HLQQHXHU7DJEULQJW© -XQ] 3URWHVWHIKUWHQ]XQLFKWV$EHOK|UWHQLFKWPHKU]XXQG-XQ] ZXUGHPLWEHVWLPPWHU+|IOLFKNHLWLQHLQH.DPPHUJHOHLWHW,P%HWW OLHJHQGVWDUUWHHUDXIGLHVFKZDFKOHXFKWHQGHJHPDOWH'HFNH HLQH OHLGOLFK JHOXQJHQH .RSLH YRQ /HQKDOGHQV !6FKODFKW GHU DUNWXULQLVFKHQ 0RQGH XQG ZXWH GD HU QLFKW ZUGH VFKODIHQ N|QQHQ 'DQQ URFK HU HLQHQ VFKZDFKHQ *DVKDXFK HLQ 6FKODIPLWWHO 8QG HU VFKOLHI HKH HU HLQHQ ]ZHLWHQ +DXFK

ZDKUQDKP )QI 0LQXWHQ VSlWHU DOV HLQ NUlIWLJHU /XIW]XJ GHQ 5DXP YRQ GHP $QlVWKHWLNXP VlXEHUWH ZDU JHQXJ GDYRQ YHUDEIROJW XP HLQHQ JHVXQGHQ $FKWVWXQGHQVFKODI ]X JHZlKUOHLVWHQ -XQ] HUZDFKWH LP NDOWHQ /LFKW GHU 0RUJHQGlPPHUXQJ1HEHQVHLQHP%HWWVWDQG$EHO ª:LHYLHO8KULVW HV"©IUDJWH-XQ] ª6HFKV© ª*URHU :HOWUDXP© (U VWLH VHLQH NQRFKLJHQ %HLQH XQWHU GHU 'HFNHKHUYRUª6LHVLQGIUKDXI© ª,FKKDEHQLFKWJHVFKODIHQ© ª6LHVHKHQDXFKUHFKWEHUPGHWDXV© ª-DLFKUHDJLHUHQLFKWPHKUULFKWLJDXI$QWLVFKODIPLWWHOZLHIUKHU DOVLFKQRFKMQJHUZDU© ª:HQQ 6LH PLFK HLQHQ $XJHQEOLFN HQWVFKXOGLJHQ ZROOHQ© PXUPHOWH-XQ]XQGJLQJKLQDXV $Q GLHVHP 0RUJHQ EHQ|WLJWH HU IU VHLQH 7RLOHWWH QXU HLQHQ $XJHQEOLFN (U ]RJ GHQ *UWHO VHLQHU 7XQLND IHVW XQG VFKOR GHQ PDJQHWLVFKHQ6DXP ª1XQ"© IUDJWH HU DOV HU ]XUFNNDP ª6LFKHU KDEHQ 6LH QLFKW GLH 1DFKWEHUJHZDFKWXQGPLFKXPVHFKV8KUJHZHFNWZHQQ6LHPLU QLFKWHWZDV]XEHULFKWHQKlWWHQ© ª*DQ]UHFKWJDQ]UHFKW©$EHOVHW]WHVLFKDXIGDV%HWWXQGODFKWH ª9HUVWHKHQ 6LH -XQ]© VDJWH HU ª,FK ELQ QLFKW JDQ] LFK VHOEVW 'LHVHVNQVWOLFKH:DFKHQKDWPLUHLQZHQLJGHQ.RSIYHUGUHKW,FK JODXEH IDVW LFK ZHUGH 7UDQWRU UDWHQ PLFK GXUFK HLQHQ MQJHUHQ 0DQQHUVHW]HQ]XODVVHQ© -XQ] VDJWH PLW HLQHP $QIOXJ YRQ 6DUNDVPXV XQG QLFKW JDQ] RKQH +RIIQXQJ ª:ROOHQ 6LH GDPLW VDJHQ GD GLH 6DUNLWHQ GHQ 5DXPDQDO\WLNHUQRFKQLFKWJHIXQGHQKDEHQ"© ª'RFK VLH KDEHQ LKQ (V WXW PLU OHLG DEHU VLH KDEHQ LKQ 0HLQH +HLWHUNHLWLVWDXVVFKOLHOLFKGHU7DWVDFKH]X]XVFKUHLEHQGDXQVHU 6SLRQDJHQHW]LQWDNW LVW© -XQ] KlWWH JHUQ JHVDJW ,FK SIHLIH DXI HXHU 1HW] $EHU HU XQWHUGUFNWHGLHVHQ:XQVFK ª=ZHLIHOORV ZXWHQ GLH 6DUNLWHQ© IXKU $EHO IRUW ªGD .KRURY HLQHUXQVHUHU$JHQWHQZDU9LHOOHLFKWNHQQHQVLHQRFKDQGHUH$EHU GDVVLQGNOHLQH)LVFKH-HGHQIDOOV KLHOWHQVLHHVQLHIUQ|WLJPHKU ]XWXQDOV]XEHREDFKWHQ© ª6LHKDEHQ.KRURYHUPRUGHW©VDJWH-XQ] ª(EHQQLFKW(VZDUHLQHUGHU.RPSOLFHQGHV5DXPDQDO\WLNHUV© -XQ]VWDUUWHLKQDQª'DVYHUVWHKHLFKQLFKW© ª(VLVWDXFKHLQH]LHPOLFKNRPSOL]LHUWH*HVFKLFKWH:ROOHQ6LHPLW PLUIUKVWFNHQ",FKPXXQEHGLQJWHWZDVHVVHQ© %HLP .DIIHH HU]lKOWH $EHO GLH *HVFKLFKWH GHU OHW]WHQ

VHFKVXQGGUHLLJ6WXQGHQ -XQ] ZDU NRQVWHUQLHUW (U VWHOOWH GLH QRFK KDOEYROOH 7DVVH DXI GHQ 7LVFK XQG UKUWH VLH QLFKW PHKU DQ ª6HOEVW ZHQQ VLH VLFK DXVJHUHFKQHWLQGLHVHP6FKLIIYHUVWHFNWKDEHQEHVWHKWLPPHUQRFK GLH0|JOLFKNHLWGDVLHYLHOOHLFKWQRFKQLFKWHQWGHFNWZRUGHQVLQG :HQQ6LH/HXWHEHDXIWUDJHQGLHEHLGHU/DQGXQJGHV5DXPVFKLIIV © ª6LHZLVVHQJHQDXVRJXWZLHLFK GDHVNHLQPRGHUQHV5DXPVFKLII JLEW LQ GHP PDQ QLFKW GLH .|USHUZlUPH HLQHV EOLQGHQ 3DVVDJLHUV IHVWVWHOOHQZUGH© ª'DV NDQQ EHUVHKHQ ZRUGHQ VHLQ ,QVWUXPHQWH P|JHQ XQIHKOEDU VHLQDEHU0HQVFKHQVLQGHVQLFKW© ª'D LVW ZRKO GHU :XQVFK GHU 9DWHU GHV *HGDQNHQ 6FKDXHQ 6LH KHU:LUKDEHQ%HULFKWHDXV]XYHUOlVVLJHU4XHOOHGDGHU*URKHUU YRQ )LIH LQ GHP $XJHQEOLFN LQ GHP VLFKGDV5DXPVFKLII PLWGHP 5DXPDQDO\WLNHU DQ %RUG 6DUN QlKHUWH PLW GHQ DQGHUHQ *URHQ *URKHUUHQNRQIHULHUW,VWGDV=XIDOO"© ª(LQH LQWHUNRQWLQHQWDOH .RQIHUHQ] ZHJHQ HLQHV 5DXPDQDO\WLNHUV"© ª$Q VLFK HLQ XQZLFKWLJHV 7KHPD $EHU ZLU KDEHQ HV ZLFKWLJ JHPDFKW 'DV ,5% KDW LKQ IDVW HLQ -DKU ODQJ PLW EHPHUNHQVZHUWHU +DUWQlFNLJNHLWJHVXFKW© ª1LFKW GDV ,5%© VDJWH -XQ] ª,FK ZDU HV VHOEVW ,FKKDEH LQ GHU $QJHOHJHQKHLW]LHPOLFKDXIHLJHQH)DXVWJHDUEHLWHW© ª'DV ZLVVHQ GLH *URKHUUHQ QLFKW XQG VLH ZUGHQ HV ,KQHQ DXFK QLFKW JODXEHQ $XHUGHP KDW VLFK DXFK 7UDQWRU IU GLH $IIlUH LQWHUHVVLHUW© ª$XIPHLQH%LWWHKLQ© ª$XFKGDVZLVVHQVLHQLFKWXQGZUGHQHVQLFKWJODXEHQ© -XQ] VWDQG DXI 6HLQ 6WXKO EHZHJWH VLFK DXWRPDWLVFK YRP 7LVFK ]XUFN 0LW DXI GHP 5FNHQ JHIDOWHWHQ +lQGHQ VFKULWW -XQ] GXUFK GDV =LPPHU +LQ XQG KHU KLQ XQG KHU $E XQG ]X ZDUI HU HLQHQ PLPXWLJHQ%OLFNDXI$EHO $EHOVFKHQNWHVLFKXQJHUKUWHLQH]ZHLWH7DVVH.DIIHHHLQª:RKHU ZLVVHQ6LHGDVDOOHV"©IUDJWH-XQ] ª:DV"© ª$OOHV:LHXQGZDQQGHU5DXPDQDO\WLNHULQGDV6FKLIIJHNRPPHQ LVW :LH GHU 2UWVYHUZDOWHU VLFK GHU *HIDQJHQQDKPH HQW]RJHQ KDW :ROOHQ6LHPLFKWlXVFKHQ"© ª/LHEHU'U-XQ]© ª6LH KDEHQ MHGHQIDOOV GDIU JHVRUJW GD LFK ,KQHQ LQ GHU YHUJDQJHQHQ 1DFKW QLFKW LP :HJ ZDU XQG QLFKWV XQWHUQHKPHQ NRQQWH© -XQ] HULQQHUWH VLFK SO|W]OLFK ZLHGHU DQ GHQ *HUXFK GHV 6FKODIPLWWHOV ª,FK KDEH GLH 1DFKW LQ VWlQGLJHU 9HUELQGXQJ PLW PHLQHQ $JHQWHQ YHUEUDFKW 'RNWRU 6LH DEHU GXUIWHQQLFKWLP:HJ VHLQ XQG PXWHQ DQGHUHUVHLWV LQ 6LFKHUKHLW JHEUDFKW ZHUGHQ :DV

LFK,KQHQHEHQHU]lKOWKDEHHUIXKULFKYRQPHLQHQ$JHQWHQ© ª8PGDV]XHUIDKUHQPWHQ6LHVRJDULQGHU5HJLHUXQJYRQ 6DUN VHOEVW,KUH6SLRQHVLW]HQKDEHQ© ª-DQDWUOLFK©-XQ]ZDQGWHVLFKQDFKGHP%RWVFKDIWHUXP ª:XQGHUW 6LH GDV" *HZL 6DUN LVW VSULFKZ|UWOLFK EHNDQQW IU GLH 6WDELOLWlW VHLQHU 5HJLHUXQJ XQG GLH /R\DOLWlW VHLQHU %HY|ONHUXQJ 'HU *UXQG LVW HLQIDFK GHU GD VHOEVW GHU lUPVWH 6DUNLW HLQ $ULVWRNUDW LVW LP 9HUJOHLFK ]X GHQ )ORULQLHUQ XQG GD HU VLFK ZHQQ DXFK IlOVFKOLFK IU GDV 0LWJOLHG HLQHU UHJLHUHQGHQ .ODVVH KlOW 8QG GHQNHQ 6LH ELWWH GDUDQ GD 6DUN NHLQHVZHJV GHU 3ODQHW GHU0LOOLDUGlUHLVWIUGHQLKQGHUJU|WH7HLOGHU0LOFKVWUDHKlOW ,KUH HLQMlKULJH $QZHVHQKHLW PX 6LH GDYRQ EHU]HXJW KDEHQ $FKW]LJ3UR]HQWGHU%HY|ONHUXQJ KDEHQHLQHQ/HEHQVVWDQGDUGGHU GXUFKDXV GHPMHQLJHQ GHU DQGHUHQ 3ODQHWHQ HQWVSULFKW XQG QLFKW HLQPDO YLHO K|KHU OLHJW DOV GHU YRQ )ORULQD (V ZLUG LPPHU HLQH JHZLVVH$Q]DKO6DUNLWHQJHEHQGLHLFKIUPHLQH=ZHFNHGLHQVWEDU PDFKHQ NDQQ ZHLO VLH VLFK LQ LKUHP +XQJHU KLQUHLFKHQG EHU GHQ 7HLO GHU %HY|ONHUXQJ lUJHUQ GHU LP /X[XV VFKZLPPW (V LVW GLH JURH 6FKZlFKH GHU VDUNLWLVFKHQ 5HJLHUXQJ GD VLH VLFK -DKUKXQGHUWHODQJHLQH5HEHOOLRQQXUDXI)ORULQDYRUVWHOOHQNRQQWH 6LH KDEHQ YHUJHVVHQ DXI VLFK VHOEVW ]X DFKWHQ© ª'LHVH NOHLQHQ 6DUNLWHQN|QQHQ,KQHQQLFKWYLHOQW]HQ©VDJWH-XQ]$OVHLQ]HOQH QLFKW =XVDPPHQ DEHU ELOGHQ VLH ZHUWYROOH :HUN]HXJH IU XQVHUH ZLFKWLJHUHQ /HXWH IU GLH 0LWJOLHGHU GHU WDWVlFKOLFK UHJLHUHQGHQ .ODVVH GLH VLFK GLH /HNWLRQHQ GHU OHW]WHQ ]ZHLKXQGHUW -DKUH ]X +HU]HQJHQRPPHQKDEHQ6LHVLQGEHU]HXJWGD7UDQWRUOHW]WOLFK GRFKGLHJDQ]H0LOFKVWUDHEHKHUUVFKHQZLUGXQGLFKJODXEHGLHVH hEHU]HXJXQJ LVW ULFKWLJ 9LHOH HUZDUWHQ VRJDU GD GLHVH %HVLW]HUJUHLIXQJ QRFK]XLKUHQ/HE]HLWHQVWDWWILQGHWXQG]LHKHQHV YRUVLFKVFKRQLPYRUDXVDXIGLHVLHJUHLFKH6HLWH]XVFKODJHQ© -XQ] ]RJ HLQH *ULPDVVH ª%HL ,KQHQ K|UW VLFK GLH LQWHUVWHOODUH 3ROLWLNZLHHLQ]LHPOLFKVFKPXW]LJHV6SLHODQ© ª'DV LVW VLH DXFK $EHU GLH 0LELOOLJXQJ GHV 6FKPXW]HV lQGHUW GDUDQ QLFKWV $XFK VLQG NHLQHVZHJV DOOHLKUH$VSHNWHDXVQDKPVORV VFKPXW]LJ 1HKPHQ 6LH GLH ,GHDOLVWHQ %HWUDFKHQ 6LH GLH SDDU 0lQQHU LQ GHU 5HJLHUXQJ YRQ 6DUN GLH 7UDQWRU ZHGHU IU *HOG QRFK IU 0DFKWYHUVSUHFKXQJHQ GLHQHQ VRQGHUQ QXU ZHLO VLH DXIULFKWLJGDUDQJODXEHQGDHLQHYHUHLQLJWH0LOFKVWUDHGDVEHVWH IU GLH 0HQVFKKHLW ZlUH XQG GD QXU 7UDQWRU LQ GHU/DJHLVWHLQH VROFKH5HJLHUXQJ KHU]XVWHOOHQ,FKKDEHVROFKHLQHQ0DQQPHLQHQ EHVWHQ LP 6LFKHUKHLWVPLQLVWHULXP XQG HU EULQJW LQ GLHVHP $XJHQEOLFNGHQ2UWVYHUZDOWHUQDFK6DUN© ª$EHU6LHVDJHQGRFKHUVHLYHUKDIWHWZRUGHQ© ª9RP 6LFKHUKHLWVPLQLVWHULXP MD $EHU GHU 0DQQ LVW EHLP

6LFKHUKHLWVPLQLVWHULXP XQG PHLQ 0DQQ ]XJOHLFK© (LQHQ $XJHQEOLFNUXQ]HOWH$EHOGLH6WLUQXQGZXUGHYHUGULHOLFKª6HLQH 1W]OLFKNHLW ZLUG NQIWLJ DOOHUGLQJV ZHVHQWOLFK JHULQJHU VHLQ :HQQ HU GHQ 2UWVYHUZDOWHU IOLHKHQ OlW ZLUG GLHV LP EHVWHQ )DOO 'HJUDGLHUXQJ XQGLPVFKOLPPVWHQ)DOO+DIWIULKQEHGHXWHQ1XQ MD© ª8QGZDVKDEHQ6LHQXQYRU"© ª'DVZHLLFKQRFKQLFKW9RUDOOHPPVVHQZLUGHQ2UWVYHUZDOWHU KDEHQ 9RUOlXILJ VWHKW OHGLJOLFK IHVW GD HU LP 5DXPKDIHQ DQNRPPHQ ZLUG :DV GDQDFK JHVFKLHKW © $EHO ]XFNWH GLH $FKVHOQ XQG VHLQH DOWH JHOEOLFKH +DXW GHKQWH VLFK ZLH 3HUJDPHQW EHUVHLQHQ%DFNHQNQRFKHQ ª$XFK GLH *URKHUUHQ ZDUWHQ DXI GHQ 2UWVYHUZDOWHU© IJWH HU KLQ]X ª6LH JODXEHQ VLH KlWWHQ LKQ XQG ELV HQWZHGHU VLH RGHU ZLU LKQ HUJULIIHQ KDEHQNDQQ QLFKWVZHLWHUJHVFKHKHQ©$EHUKLHULUUWH $EHO 7KHRUHWLVFK EHVDHQ DOOH %RWVFKDIWHQ LQ GHU JDQ]HQ 0LOFKVWUDH DXHUWHUULWRULDOH +RKHLWVUHFKWH LQ GHU QlKHUHQ 8PJHEXQJ LKUHU 1LHGHUODVVXQJHQ,PDOOJHPHLQHQZDUGLHVMHGRFK QLFKWPHKUDOVHLQIURPPHU:XQVFKDXHULQGHQ)lOOHQLQGHQHQ GLH 6WlUNH GHV +HLPDWSODQHWHQ 5HVSHNW HLQIO|WH ,Q GHU 3UD[LV EHGHXWHWH GLHV GD QXU 7UDQWRU GLH 8QDQWDVWEDUNHLW VHLQHU %RWVFKDIWHQZLUNOLFKJHZlKUOHLVWHQNRQQWH 'DV *HELHW GHU WUDQWRULQLVFKHQ %RWVFKDIW ZDU IDVW HLQH 4XDGUDWPHLOH JUR XQG DXI LKP JLQJHQ EHZDIIQHWH 0lQQHU LQ WUDQWRULQLVFKHU 8QLIRUP LKUH 5XQGHQ .HLQ 6DUNLW NRQQWH GDV *HOlQGH EHWUHWHQ ZHQQ HU QLFKW HLQJHODGHQ ZDU XQG HLQ EHZDIIQHWHU6DUNLWXQWHUJDUNHLQHQ8PVWlQGHQ1DWUOLFK KlWWHGLH JHULQJH $Q]DKO GHU WUDQWRULQLVFKHQ 0lQQHU GHP $QJULII HLQHV HLQ]LJHQ VDUNLWLVFKHQ 5HJLPHQWV QLFKW OlQJHU DOV ]ZHL RGHU GUHL 6WXQGHQ VWDQGKDOWHQ N|QQHQ DEHU KLQWHU GLHVHU NOHLQHQ *UXSSH VWDQG GLH RUJDQLVLHUWH 0DFKW YRQ HLQHU 0LOOLRQ +LPPHOVN|USHUQ 'HVKDOEEOLHEGLH%RWVFKDIWXQDQJHWDVWHW 'LH %RWVFKDIW NRQQWH VRJDU HLQH GLUHNWH 9HUNHKUVYHUELQGXQJ PLW 7UDQWRU DXIUHFKWHUKDOWHQ RKQH VDUNLWLVFKH +lIHQ ]X EHQXW]HQ .OHLQH PLW 7UDJIOlFKHQ YHUVHKHQH *\URVFKLIIH XQWHUKLHOWHQ HLQH VWlQGLJH 9HUELQGXQJ ]ZLVFKHQ GHP NOHLQHQ +DIHQ LQQHUKDOE GHV +RKHLWVJHELHWHV GHU %RWVFKDIW XQG HLQHP JURHQ 0XWWHUVFKLII GDV GLFKW DXHUKDOE GHU +XQGHUWPHLOHQJUHQ]H VFKZHEWH GLH GHQ !SODQHWDULVFKHQ 5DXP YRP !IUHLHQ 5DXP WUHQQWH 'DV *\URVFKLII GDV QXQ EHU GHP +DIHQ GHU %RWVFKDIW HUVFKLHQ ZDU MHGRFK ZHGHU DQJHNQGLJW QRFK WUDQWRULQLVFK 'LH 9HUWHLGLJXQJVPDQDKPHQ GHU %RWVFKDIW VSLHOWHQ VLFK VRIRUW HLQ (LQH 1DGHONDQRQH KRE GLH 0QGXQJ LQ GLH /XIW 6FKXW]VFKHLEHQ JOLWWHQHPSRU

5DGLRPHOGXQJHQ JLQJHQ KLQ XQG KHU +DUWQlFNLJH :RUWH MDJWHQ KLQDXI DXIJHUHJWH KHUDE /HXWQDQW &DPUXP ZDQGWH VLFK YRP (PSIlQJHU DE ª,FK ZHL QLFKW UHFKW (U VDJW HU ZHUGH LQ ]ZHL 0LQXWHQ DEJHVFKRVVHQ ZHQQ ZLU LKQ QLFKW KHUHLQOLHHQ (U YHUODQJW$V\O© .DSLWlQ (O\XU ZDU JHUDGH HLQJHWUHWHQ ª+P 8QG QDFKKHU EHUXIW VLFK 6DUN GDUDXI GD ZLU XQV LQ LQQHUH $QJHOHJHQKHLWHQ HLQPLVFKHQ:HQQ7UDQWRUXQVQLFKWGHFNWVLQGZLUEHLGHHUOHGLJW :HULVWHV"© ª(UZLOOHVQLFKWVDJHQ©HUZLGHUWHGHU/HXWQDQWHUERVWª(UVDJWHU PVVH PLW GHP %RWVFKDIWHU SHUV|QOLFK VSUHFKHQ :DV VROO LFK WXQ .DSLWlQ"© 'HU .XU]ZHOOHQHPSIlQJHU EOXEEHUWH XQG HLQH K\VWHULVFKH 6WLPPH SLHSVWH ª,VW MHPDQG GRUW" ,FK NRPPH KHUXQWHU XQG GDPLW 6FKOX :LUNOLFK,FKNDQQQLFKWOlQJHUZDUWHQ© ª*URHU :HOWUDXP© VDJWH GHU .DSLWlQ ª'LH 6WLPPH NHQQH LFK /DVVHQ6LHLKQKHUXQWHU$XIPHLQH9HUDQWZRUWXQJ© %HIHKOH JLQJHQ KLQDXV 'DV *\URVFKLII VDQN VHQNUHFKW XQG YLHO ]X VFKQHOO 'LHV NDP GDKHU GD HLQ XQHUIDKUHQHU XQG lQJVWOLFKHU 0DQQDP6WHXHUVD'LH1DGHONDQRQHEHKLHOWGDV6FKLIILP9LVLHU 'HU .DSLWlQ JDE HLQH 0HOGXQJ DQ $EHO GXUFK XQG GLH JDQ]H %RWVFKDIW ZXUGH LQ K|FKVWH $ODUPEHUHLWVFKDIW YHUVHW]W 'LH VDUNLWLVFKHQ6FKLIIHGLHEHUGHU%RWVFKDIW]XVFKZHEHQEHJDQQHQ KLHOWHQ ]ZHL 6WXQGHQ ODQJ HLQH EHGURKOLFKH :DFKH GDQQ YHUVFKZDQGHQVLH$EHO-XQ]XQGGHU1HXDQN|PPOLQJVDHQEHLP (VVHQ 0LW EHZXQGHUQVZHUWHU *HODVVHQKHLW KDWWH $EHO DOV XQEHNPPHUWHU *DVWJHEHUIXQJLHUW6WXQGHQODQJKDWWHHUGLH)UDJH XQWHUGUFNWZHVKDOEHLQ*URHU*URKHUU$V\OEUDXFKWH -XQ] ZDU ZHVHQWOLFK XQJHGXOGLJHU ª+LPPHO© ]LVFKWH HU $EHO ]X ªZDVZHUGHQ6LHPLWLKPDQIDQJHQ"© $EHO OlFKHOWH ª1LFKWV :HQLJVWHQV QLFKW ELV LFK ZHL RE LFK GHQ 2UWVYHUZDOWHU KDEH RGHU QLFKW ,FK P|FKWH ZLVVHQ ZLH PHLQH &KDQFHQ VWHKHQ HKH LFK GLH .DUWHQ DXIGHFNH 8QG GD HU ]X PLU JHNRPPHQLVWZLUGLKQGDV:DUWHQPHKU]HUPUEHQDOVXQV© (U KDWWH UHFKW =ZHLPDO KDWWH GHU *URKHUU ]X HLQHU (UNOlUXQJ DQJHVHW]W XQG ]ZHLPDO KDWWH $EHO JHVDJW ª0HLQ OLHEHU *URKHUU (LQHHUQVWH.RQYHUVDWLRQPLWOHHUHP0DJHQLVWXQEHN|PPOLFK©(U OlFKHOWHYHUELQGOLFKXQGEHVWHOOWH(VVHQ %HL HLQHP *ODV :HLQ KDWWH HV GHU *URKHUU QRFKHLQPDOYHUVXFKW ª6LH ZHUGHQ VLFK JHZL IUDJHQ ZDUXP LFK PHLQHQ .RQWLQHQW YHUODVVHQKDEH© ª,FKN|QQWHPLUNHLQHQ*UXQGGHQNHQ©JDE$EHO]XªZHVKDOEGHU *URKHUU YRQ6WHHQYRUVDUNLWLVFKHQ5DXPVFKLIIHQIOLHKHQPWH© 6WHHQV VFKPDOH *HVWDOW XQG VHLQ GQQHV EODVVHV *HVLFKW ZDUHQ

DQJHVSDQQW 6HLQ ODQJHV +DDU ZDU VRUJIlOWLJ LQ HLQ]HOQH %VFKHO JHOHJW XQG YRQ ZLQ]LJHQ .OLSVHQ JHKDOWHQ GLH NODSSHUQG DQHLQDQGHUVWLHHQVRRIW HUGHQ.RSIEHZHJWHDOVZROOWHHUGDGXUFK DXFK DNXVWLVFK DXI VHLQH 0LDFKWXQJ GHU DXJHQEOLFNOLFKHQ 0RGH GHV JHVFKRUHQHQ +DDUV DXIPHUNVDP PDFKHQ 9RQ VHLQHU +DXW XQG VHLQHU.OHLGXQJJLQJHLQVFKZDFKHUGXIWDXV $EHO GHP QLFKW GLH NOHLQVWH 6WUDIIXQJ YRQ -XQ] /LSSHQ HQWJLQJ VWHOOWH VLFK YRU ZLH DPVDQW -XQ] 5HDNWLRQ JHZHVHQ ZlUH ZHQQ 6WHHQ W\SLVFKHU PLW JHVFKPLQNWHQ :DQJHQ XQG YHUNXSIHUWHQ )LQJHUQlJHOQ HUVFKLHQHQZlUH ª+HXWHKDWWHQZLUHLQHLQWHUNRQWLQHQWDOH.RQIHUHQ]©VDJWH6WHHQ ª6R"©VDJWH$EHO (U K|UWH VLFK GHQ %HULFKW EHU GLH .RQIHUHQ] XQJHUKUW DQ ª8QG 6LH VLQG ;© VFKULH -XQ] GHU ZlKUHQG 6WHHQV %HULFKW LPPHU XQUXKLJHUJHZRUGHQZDUª6LHVLQG;6LHVLQGKLHUKHUJHNRPPHQ ZHLO HU 6LH HQWODUYW KDW 6FK|Q 'DV LVW DXVJH]HLFKQHW $EHO ZLU N|QQHQ LKQ DOV /|VHJHOG IU GLH +HUDXVJDEH GHV 5DXPDQDO\WLNHUV EHQXW]HQ© 6WHHQKDWWHHVVFKZHUVLFKJHJHQ-XQ] NUlIWLJHQ%DULWRQ*HK|U]X YHUVFKDIIHQ ª1XQK|UHQ6LH:LUNOLFK6LHVLQGYHUUFNW+|UHQ6LH/DVVHQ6LH PLFK VSUHFKHQ LFK VDJWH ([]HOOHQ]LFKZHLQLFKWZLHGLHVHU 0DQQKHLW© ª'RNWRU6HOLP-XQ]*URKHUU© ª*XW $OVR 'U 6HOLP -XQ] LFK KDEH QLH LQ PHLQHP /HEHQ GLHVHQ ,GLRWHQ EH]LHKXQJVZHLVH GLHVHQ 5DXPDQDO\WLNHU RGHU ZDV HU DXFK VHLQ PDJ JHVHKHQ :LUNOLFK ,FK ELQ EHVWLPPW QLFKW ; :LUNOLFK ,FK ELQ ,KQHQ GDQNEDU GD 6LH ZHQLJVWHQV QLFKW EHU GLHVHQ EO|GVLQQLJHQ%ULHIVSUHFKHQ:HUZLUGVFKRQDQ)LIHVOlFKHUOLFKHQ 5RPDQJODXEHQ:LUNOLFK© -XQ] NODPPHUWH VLFK DQ VHLQH ,GHH ª:DUXP VLQG 6LH GDQQ GDYRQJHODXIHQ"© ª,VW ,KQHQ GDV ZLUNOLFK QLFKW NODU" 2K LFK N|QQWH DXV GHU +DXW IDKUHQ :LUNOLFK :HQQ 6LH PLFK QXU DXVUHGHQ ODVVHQ ZUGHQ 6FKDXHQ6LHKHUEHJUHLIHQ6LHGHQQQLFKWZDV)LIHJHWDQKDW"© ª:HQQ 6LH ]XU 6DFKH NRPPHQ ZROOWHQ ZUGH HV NHLQH 8QWHUEUHFKXQJHQJHEHQ©VDJWH$EHO UXKLJ ª*XW 9LHOHQ 'DQN© 0LW HLQHP $QIOXJ YRQ YHUOHW]WHU :UGH IXKU HU IRUW ª'LH DQGHUHQ KDOWHQ QLFKW YLHO YRQ PLU ZHLO LFK QLFKW HLQVHKH ZDUXP LFK PLFK PLW 'RNXPHQWHQ XQG 6WDWLVWLNHQ XQG DOO GLHVHQ ODQJZHLOLJHQ (LQ]HOKHLWHQ KHUXPSODJHQ VROO $EHU LFK P|FKWH ZLUNOLFK JHUQ ZLVVHQ ZR]X GHU 9HUZDOWXQJVDSSDUDW HLJHQWOLFKGDLVWZHQQHLQ*URHU*URKHUUNHLQVROFKHUVHLQNDQQ 'DV EHGHXWHW DEHU QLFKW GD LFK HLQ 'XPPNRSI ELQ QXU ZHLO LFK

PHLQH %HTXHPOLFKNHLW OLHEH :LUNOLFK 9LHOOHLFKW VLQG GLH DQGHUHQ EOLQG DEHU LFK VHKH GD )LIH VLFK HLQHQ 'UHFN XP GHQ 5DXPDQDO\WLNHUNPPHUW,FKJODXEHQLFKWHLQPDOGDHUH[LVWLHUW )LIH KDW HLQIDFK YRU HLQHP -DKU GLH ,GHH JHKDEW XQG VHLWKHU V\VWHPDWLVFKDXIVHLQ=LHO]XJHDUEHLWHW (U KDW DXV XQV 1DUUHQ XQG ,GLRWHQ JHPDFKW :LUNOLFK 8QG GLH DQGHUHQ VLQG HV DXFK :LGHUOLFKH ,GLRWHQ (U KDW GLHVHQ JDQ]HQ +XPEXJ EHU 6FKZDFKVLQQLJH XQG 5DXPDQDO\WLNHU VRUJIlOWLJ DXVJHNOJHOW ,FK ZlUH QLFKW EHUUDVFKW ZHQQ GHU )ORULQLHU YRQ GHP PDQ VDJW HU HUPRUGHW GLH 3ROL]LVWHQ GXW]HQGZHLVH VLFK DOV HLQHU YRQ )LIHV 6SLRQHQ PLW HLQHU URWHQ 3HUFNH KHUDXVVWHOOHQ ZUGH:HQQHVDEHUWDWVlFKOLFKHLQ(LQJHERUHQHULVWGDQQKDWLKQ )LIH ! ]ZHLIHOORV EH]DKOW )LIH ZUGH RKQH ZHLWHUHV PLW )ORULQLHUQ JHJHQ VHLQH HLJHQH 5DVVH YRUJHKHQ :LUNOLFK 6R WLHI VWHKW HU -HGHQIDOOV LVW HV NODU GD HU GLH JDQ]H $IIlUH QXU DOV 9RUZDQG EHQXW]W XP XQV DQGHUH ]X UXLQLHUHQ XQG VLFK VHOEVW ]XP 'LNWDWRU YRQ6DUN]XPDFKHQ%HJUHLIHQ6LH" (V JLEW EHUKDXSW NHLQHQ ;$EHUZHQQ)LIHQLFKWGDUDQJHKLQGHUW ZLUG YHUEUHLWHW HU PRUJHQ 1DFKULFKWHQ EHU 9HUVFKZ|UXQJHQ XQG JLEW 1RWYHURUGQXQJHQ EHNDQQW XQG OlW VLFK ]XP 2EHUKDXSW DXVUXIHQ :LU KDEHQ VHLW IQIKXQGHUW -DKUHQ NHLQ 2EHUKDXSW YRQ 6DUN $EHU GDV KLQGHUW )LIH QLFKW GDUDQ 'LH 9HUIDVVXQJ NPPHUW LKQHLQHQ'UHFN:LUNOLFK ,FK DEHU ZHUGH LKQ GDUDQ KLQGHUQ 'HVKDOE PXWH LFK IOLHKHQ :HQQ LFK QRFK LQ PHLQHP .RQWLQHQW ZlUH VlH LFK XQWHU +DXVDUUHVW :lKUHQG GHU .RQIHUHQ] KDWWHQ )LIHV /HXWH PHLQHQ SULYDWHQ 5DXPKDIHQ EHVHW]W 'DV VWDQG LP NODUHQ :LGHUVSUXFK ]XU NRQWLQHQWDOHQ$XWRQRPLH(VZDUGHU$NWHLQHV3UROHWHQ:LUNOLFK $EHU ZLH JHPHLQ )LIH DXFK LVW HU LVW QLFKW VR KHOOH (U GDFKWH HLQLJH YRQ XQV N|QQWHQ YHUVXFKHQ GHQ 3ODQHWHQ ]X YHUODVVHQ 'HVKDOE OLH HU GLH 5DXPKlIHQ EHZDFKHQ $EHU© KLHU OlFKHOWH HU SILIILJ XQG NLFKHUWH OHLVH ªHV NDP LKP QLFKW LQ GHP 6LQQ GLH *\URKlIHQ EHUZDFKHQ ]X ODVVHQ :DKUVFKHLQOLFK GDFKWH HU HV JlEH NHLQHQ 2UW DXI GHP 3ODQHWHQ DQ GHP ZLU VLFKHU ZlUHQ (U YHUJDGLHWUDQWRULQLVFKH%RWVFKDIW,FKZDUNOJHUDOVGLHDQGHUHQ ,FK KDEH VLH VDWW %HVRQGHUV %RUW .HQQHQ 6LH %RUW" (U LVW VFKUHFNOLFKRUGLQlU8QGVRXQJHSIOHJW(UVSULFKWPLWPLUDOVZlUH LFK QLFKW JDQ] QRUPDO QXU ZHLO LFK VDXEHU ELQ XQG DQJHQHKP ULHFKH© (U KRE GLH )LQJHUVSLW]HQ DQ GLH 1DVH XQG DWPHWH OHLFKW HLQ $EHO OHJWH GLH +DQG DXI -XQ] $UP DOV HU XQUXKLJ DXI VHLQHP 6LW] KLQ XQG KHU UXWVFKWH ª6LH KDEHQ ,KUH )DPLOLH ]XUFNJHODVVHQ© VDJWH $EHOª+DEHQ6LHGDUDQJHGDFKWGD)LIHGDGXUFKLPPHUQRFKHLQH :DIIHJHJHQ6LHLQ+lQGHQKDW"©

ª,FK KlWWH QLFKW JXW DOOH PHLQH +HU]FKHQ LQ PHLQ *\URIOXJ]HXJ SDFNHQ N|QQHQ© (UHUU|WHWHHLQZHQLJª)LIHZLUGHVQLFKWZDJHQ VLH DQ]XWDVWHQ $XHUGHP ZHUGH LFK PRUJHQ ZLHGHU LQ PHLQHP .RQWLQHQWVHLQ© ª:LH"©IUDJWH$EHO 6WHHQEOLFNWHLKQHUVWDXQWDQª1XQLFKELHWH,KQHQHLQ%QGQLVDQ ([]HOOHQ] 6LH N|QQHQ QLFKW OHXJQHQ GD 7UDQWRU VLFK IU 6DUN LQWHUHVVLHUW 6LH WHLOHQ )LIH HLQIDFK PLW GD MHGHU 9HUVXFK 6DUNV 9HUIDVVXQJ ]X lQGHUQ XQZHLJHUOLFK 7UDQWRUV ,QWHUYHQWLRQ QDFK VLFK]LHKHQZUGH© ª,FK VHKH NDXP ZLH GDV JHVFKHKHQ VROO 6HOEVW ZHQQ LFK GHQ (LQGUXFN KlWWH GD PHLQH 5HJLHUXQJ PLFK GHFNW© VDJWH $EHO ª:DUXP QLFKW"© IUDJWH 6WHHQ HQWUVWHW ª:HQQ HU GHQ JHVDPWHQ .\UWKDQGHO LQ GHU +DQG KDW ZLUG HU GLH 3UHLVH HUK|KHQ .RQ]HVVLRQHQ IU VFKQHOOH /LHIHUXQJ YHUODQJHQ XQG HLQH 0HQJH DQGHUH'LQJH© ª%HVWLPPHQQLFKWGLHIQI*URHQ*URKHUUHQGLH3UHLVH"© 6WHHQ OHKQWH VLFK ]XUFN ª1XQ LFK NHQQH GLH 'HWDLOV QLFKW 1lFKVWHQV IUDJHQ 6LH PLFK QRFK QDFK =DKOHQ *URH 0LOFKVWUDH 6LHVLQGVRVFKOLPP ZLH%RUW©(UNLFKHUWHª,FKVFKHU]HQDWUOLFK QXU 0HLQ 9RUVFKODJ LVW IROJHQGHU :HQQ ZLU )LIH DXVVFKDOWHQ N|QQWH 7UDQWRU PLW XQV DQGHUHQ *URHQ *URKHUUHQ HLQ hEHUHLQNRPPHQ WUHIIHQ $OV *HJHQOHLVWXQJ IU ,KUH +LOIH ZlUH HV QXUUHFKWXQGELOOLJGD7UDQWRU9RU]XJVUHFKWHHLQJHUlXPWZHUGHQ RGHUHLQHNOHLQH%HWHLOLJXQJDP+DQGHO© ª8QG ZLH VROOWHQ ZLU YHUKLQGHUQ GD DXV GHU ,QWHUYHQWLRQ HLQ JDODNWLVFKHU.ULHJZLUG"© ª$EHULFKELWWH6LH(VOLHJWGRFKRIIHQDXIGHU+DQGGD6LHNHLQH $JJUHVVRUHQ VLQG 6LH ZUGHQ QXU HLQHQ %UJHUNULHJ YHUKLQGHUQ GDPLW LP .\UWKDQGHO NHLQH 8QWHUEUHFKXQJ HLQWULWW ,FK ZUGH |IIHQWOLFKYHUNQGHQGDLFK6LHXP,KUH+LOIHJHEHWHQKDEH'DV ZlUH HWZDV JDQ] DQGHUHV DOV $JJUHVVLRQ 'LH JDQ]H 0LOFKVWUDH ZlUH DXI ,KUHU 6HLWH 8QG ZHQQ 7UDQWRU HLQ JXWHV *HVFKlIW GDEHL PDFKWQXQGDVJHKWQLHPDQGHQHWZDVDQ:LUNOLFK© $EHO OHJWH GLH )LQJHUVSLW]HQ DQHLQDQGHU XQG EHWUDFKWHWH VLH ª,FK NDQQ QLFKW GDUDQ JODXEHQ GD 6LH ZLUNOLFK PLW 7UDQWRU JHPHLQVDPH 6DFKH PDFKHQ ZROOHQ© ª/LHEHU 7UDQWRU DOV )LIH© ª*XW ,FK PDJ DEHU NHLQH 'URKXQJHQ PLW *HZDOW© VDJWH $EHO ª.|QQHQZLUQLFKWZDUWHQELVVLFKGLH'LQJHHLQZHQLJHQWZLFNHOW KDEHQ"© ª1HLQ© VFKULH 6WHHQ ª1LFKW HLQHQ 7DJ :LUNOLFK :HQQ 6LH MHW]W QLFKW KDQGHOQ MHW]W LQ GLHVHP $XJHQEOLFN LVW HV ]X VSlW 0RUJHQ ZLUG HU VFKRQ VR ZHLW JHJDQJHQ VHLQ GD HU QLFKW PHKU ]XUFN NDQQ RKQH GDV *HVLFKW ]X YHUOLHUHQ :HQQ 6LH PLU MHW]W KHOIHQ

ZLUG GDV 9RON PHLQHV .RQWLQHQWV KLQWHU PLU VWHKHQ XQG GLH DQGHUHQ *URHQ *URKHUUHQ ZHUGHQ PLFK XQWHUVWW]HQ :HQQ 6LH QXU HLQHQ 7DJ ZDUWHQ KDW )LIHV 3URSDJDQGDPDVFKLQH ]X PDKOHQ EHJRQQHQ ,FK ZHUGH DOV $EWUQQLJHU YHUVFKULHQ ZHUGHQ ,FK ,FK (LQ $EWUQQLJHU 8QG HU ZLUG DOOH QXU GHQNEDUHQ 9RUXUWHLOH JHJHQEHU7UDQWRUDXIVFKUHQ6LHZLVVHQZDVGDVEHGHXWHW© ª8QGZHQQZLULKQGDUXPELWWHQGDZLUPLWGHP5DXPDQDO\WLNHU VSUHFKHQGUIHQ"© ª:DV QW]W GDV" 8QV ZLUG HU HU]lKOHQ GHU IORULQLVFKH ,UUH VHL HLQ 5DXPDQDO\WLNHU,KQHQZLUGHUHU]lKOHQGHU5DXPDQDO\WLNHUVHLHLQ IORULQLVFKHU,UUHU6LHNHQQHQGHQ0DQQQLFKW(ULVWIUFKWHUOLFK© $EHO EHUOHJWH 'DQQ VDJWH HU ª:LU KDEHQ QlPOLFK GHQ 2UWVYHUZDOWHUZLVVHQ6LH© ª:DVIUHLQHQ2UWVYHUZDOWHU"© ª'HQGHUGLH3ROL]HLEHDPWHQXQGGHQ6DUNLWHQHUPRUGHWKDW© ª8QG 6LH JODXEHQ )LIH ZLUG VLFK GDUXP NPPHUQ ZHQQ HU LP %HJULIILVWJDQ]6DUN]XEHUQHKPHQ"© ª,FKJODXEHVFKRQ6HKHQ6LHHVLVWQLFKWVRVHKUGLH7DWVDFKHGD ZLU GHQ 2UWVYHUZDOWHU KDEHQ (V VLQG GLH 8PVWlQGH VHLQHU *HIDQJHQQDKPH ,FK JODXEH GD )LIH PLU ]XK|UHQ ZLUG XQG ]ZDU UHFKWDXIPHUNVDP© =XP HUVWHQPDO VHLW VHLQHU %HNDQQWVFKDIW PLW $EHO EHPHUNWH -XQ] HLQH9HUPLQGHUXQJ GHU.lOWHLQGHU6WLPPHGHVDOWHQ0DQQHVXQG VWDWWLKUHUHLQH$UW%HIULHGLJXQJIDVW7ULXPSK

'LH*HIDQJHQH 6DPLD YRQ )LIH ZDU HV QLFKW JHZRKQW HQWWlXVFKW ]X VHLQ (V ZDU XQHUK|UWGDVLHQXQVHLW6WXQGHQHQWWlXVFKWZDU 'HU .RPPDQGHXU GHV 5DXPKDIHQV ZDU HLQ 'XSOLNDW YRQ .DSLWlQ 5DFHW\ (U ZDU K|IOLFK XQWHUZUILJ lXHUWH VHLQ %HGDXHUQ OHXJQHWH GHQ JHULQJVWHQ :LOOHQ LKU ]X ZLGHUVSUHFKHQ XQG VWDQG ZLHHLQ)HOVJHJHQLKUHNODUJHlXHUWHQ:QVFKH 6LH ZDU VFKOLHOLFK JHQ|WLJW DXI LKU 5HFKW ]XSRFKHQDOVZlUHVLH HLQ JHZ|KQOLFKHU 6DUNLW ª,FK QHKPH DQ GD LFK DOV %UJHULQ GDV 5HFKWKDEHEHLGHU$QNXQIWMHGHVEHOLHELJHQ6FKLIIHVDQZHVHQG]X VHLQZHQQLFKHVZQVFKH© 6LHZDUJLIWLJ 'HU.RPPDQGHXUUlXVSHUWHVLFKXQGGHU$XVGUXFNGHV%HGDXHUQV DXI VHLQHP IDOWLJHQ *HVLFKW ZXUGH LQWHQVLYHU XQG HQGJOWLJHU ª:LU ZROOHQ 6LH NHLQHVZHJV DXVVFKOLHHQ JQlGLJH )UDX $EHU ZLU

KDEHQ YRP *URKHUUQ ,KUHP 9DWHU GHQ VWULNWHQ %HIHKO 6LH YRQ GHP DQNRPPHQGHQ 6FKLII IHUQ]XKDOWHQ© ª6LH EHIHKOHQ PLU DOVR GHQ+DIHQ]XYHUODVVHQ"©IUDJWH6DPLDHLVNDOW ª1HLQ JQlGLJH )UDX© 'HU .RPPDQGHXU JLQJ JHUQ DXI HLQHQ .RPSURPLHLQª:HQQ6LHZROOHQN|QQHQ6LHLP+DIHQEOHLEHQ $EHUEHLDOOHP5HVSHNWZHUGHQZLU6LH]XUFNKDOWHQPVVHQZHQQ 6LH]XQDKHDQGLH5DPSHKHUDQJHKHQVROOWHQ© 1XQ VD 6DPLD LP QXW]ORVHQ /X[XV LKUHV 3ULYDWZDJHQV GUHLLJ 0HWHU YRP (LQJDQJ GHV +DIHQV HQWIHUQW 0DQ KDWWHVLHEHREDFKWHW XQG WDW GLHV ZDKUVFKHLQOLFK DXFK ZHLWHUKLQ :HQQ VLH QXU HLQHQ 0HWHUZHLWHUIKUHZUGHPDQLKUZDKUVFKHLQOLFKGHQ(QHUJLHVWUDKO DEVFKQHLGHQ 6LHNQLUVFKWHPLW GHQ=lKQHQ(VZDUXQIDLUYRQLKUHP9DWHUGLHV DQ]XRUGQHQ (V ZDU HLQ VWDUNHV 6WFN 0DQ EHKDQGHOWH VLH LPPHU DOV VHL VLH HLQ .LQG 'DEHL KDWWH VLH IHVW PLW VHLQHP 9HUVWlQGQLV JHUHFKQHW (U ZDU ]X LKUHU %HJUXQJ DXIJHVWDQGHQ ZDV HU IU QLHPDQG DQGHUHQ WDW VHLW LKUH 0XWWHU WRW ZDU (U KDWWH VLH JHVWUHLFKHOWXQGLKU]XOLHEHDOOH$UEHLWZDUWHQODVVHQ(UKDWWHVRJDU GHQ 6HNUHWlU KLQDXVJHVFKLFNW ZHLO HU ZXWH GD GDV VWLOOH ZHLH *HVLFKWGHV(LQJHERUHQHQVLHDEVWLH (VZDUIDVWZLHLQGHQ7DJHQHKH*URYDWHUJHVWRUEHQZDUXQGHKH LKU9DWHUGHU*URH*URKHUUZXUGH ª0LDNLQG©VDJWHHUªLFKKDEHGLH6WXQGHQJH]lKOW,FKKDEHQLFKW JHZXW GD HV VR ZHLW LVW ELV )ORULQD $OV LFK K|UWH GD VLFK GLH (LQJHERUHQHQ LQ GHLQHP 6FKLII YHUVWHFNW KDEHQ DXVJHUHFKQHW LQ GHP GDV LFK VFKLFNWH GDPLW GLU MD QLFKWV ]XVW|W ELQ LFK EHLQDKH YHUUFNWJHZRUGHQ© ª'DVZDUGRFKNHLQ*UXQGVLFK6RUJHQ]XPDFKHQ3D© ª1LFKW" ,FK KlWWH IDVW GLH JDQ]H )ORWWH KLQDXVJHVFKLFNW XP GLFK DE]XKROHQ XQG XQWHU PLOLWlULVFKHP 6FKXW] QDFK 6DUN ]X EULQJHQ© 6LH ODFKWHQ EHLGH! EHL GHP *HGDQNHQ 0LQXWHQ YHUJLQJHQ EHYRU 6DPLD GDV *HVSUlFK ZLHGHU DXI GDV 7KHPD EULQJHQ NRQQWH YRQ GHP VLH DQJHIOOW ZDU %HLOlXILJ VDJWH VLH ª:DV ZLUVW GX PLW GHQ EOLQGHQ 3DVVDJLHUHQ WXQ"© :DUXP"© ª*ODXEVW GX QLFKW GD VLH YRUKDEHQ GLFK ]X HUPRUGHQ"© )LIH OlFKHOWH ª'X VROOWHVW NHLQH NUDQNKDIWHQ *HGDQNHQ KDEHQ© ª'X JODXEVW HV DOVR QLFKW"© EHKDUUWH VLH ª1DWUOLFK QLFKW© ª*XW ,FK KDEH QlPOLFK PLW LKQHQ JHVSURFKHQ XQG NDQQ HV HLQIDFK QLFKW JODXEHQ GD VLH HWZDV DQGHUHV VLQG DOV DUPH KDUPORVH /HXWH JOHLFKJOWLJ ZDV .DSLWlQ 5DFHW\VDJW© ª)U!DUPHKDUPORVH/HXWHKDEHQVLHHLQHDQVHKQOLFKH=DKOYRQ *HVHW]HQ EHUWUHWHQ© ª$EHU GX NDQQVW VLH QLFKW ZLH JHZ|KQOLFKH 9HUEUHFKHUEHKDQGHOQ© ª:LHVRQVW"©

ª'HU 0DQQ LVW NHLQ )ORULQLHU (U VWDPPW YRQ HLQHP 3ODQHWHQ QDPHQV !(UGH XQG ZXUGH PLW GHU *HKLUQVRQGH EHKDQGHOW (U LVW IUVHLQH+DQGOXQJHQQLFKWYHUDQWZRUWOLFK© ª'DV VROO GDV 6LFKHUKHLWVPLQLVWHULXP NOlUHQ (V LVW ZLUNOLFK GDV EHVWH GX EHUOlW HV LKQHQ© ª1HLQHVLVW]XZLFKWLJDOVGDPDQ HV LKQHQ EHUODVVHQ N|QQWH 6LH ZUGHQ HV QLFKW YHUVWHKHQ 1LHPDQG YHUVWHKW HV DXHU PLU© ª'X DOV HLQ]LJH DXI 6DUN 0LD"© IUDJWHHUQDFKVLFKWLJXQGVWULFKLKUHLQH+DDUORFNHDXVGHU6WLUQ ª-D 1XU LFK© VDJWH 6DPLD HQHUJLVFK ª1XU LFK $OOH DQGHUHQ GHQNHQHUVHLYHUUFNW$EHULFKELQVLFKHUGDHUHVQLFKWLVW(U VDJWHVEHVWHKHLUJHQGHLQHJURH*HIDKUIU)ORULQDXQGGLHJDQ]H 0LOFKVWUDH(ULVW5DXPDQDO\WLNHU©ª:RKHUZHLWGXGDV0LD"© ª(UVDJWHV©ª8QGZDVLVWGDVIUHLQH*HIDKU"©ª(UZHLHVQLFKW (U ZXUGH PLW GHU *HKLUQVRQGH EHKDQGHOW 6LHKVW GX QLFKW HLQ GD GLHV GHU EHVWH %HZHLV LVW" (U ZXWH ]XYLHO ,UJHQG MHPDQG ZDU GDUDQ LQWHUHVVLHUW GLH $QJHOHJHQKHLW LP GXQNHOQ ]X ODVVHQ© ,KUH 6WLPPHZXUGHOHLVHUXQGYHUWUDXOLFKª:HQQVHLQH$QJDEHQIDOVFK ZlUHQKlWWHQVLHLKQQLFKWPLWGHU6RQGH]XEHKDQGHOQEUDXFKHQ© ª:DUXPKDEHQVLHLKQGDQQQLFKW JHW|WHW"©IUDJWH)LIHXQGEHUHXWH VHLQH )UDJH VRIRUW (V KDWWH NHLQHQ 6LQQ GDV 0lGFKHQ PLW 3UREOHPHQ ]X EHODVWHQ 6DPLD GDFKWH HLQH :HLOH HUJHEQLVORV QDFK XQGVDJWHGDQQ ª:HQQ GX GHP 6LFKHUKHLWVPLQLVWHULXP EHILHKOVW PLFK PLW LKP VSUHFKHQ]XODVVHQZHUGHLFKHVKHUDXVILQGHQ(UYHUWUDXWPLU,FK ZUGH EHVWLPPW PHKU YRQ LKP HUIDKUHQ DOV GDV 6LFKHUKHLWVPLQLVWHULXP(VLVWVHKUZLFKWLJ3D© )LIH GUFNWH VDQIW LKUH JHEDOOWHQ )lXVWH XQG OlFKHOWH ª1RFK QLFKW 0LD 1RFK QLFKW ,Q HLQ SDDU 6WXQGHQ KDEHQ ZLU DXFK GHQ GULWWHQ 'DQDFKYLHOOHLFKW© ª'HQ GULWWHQ" 'HQ (LQJHERUHQHQ GHU DOOH GLH 0RUGH EHJDQJHQ KDW"©ª*HQDX'DV6FKLIIODQGHWLQXQJHIlKUHLQHU6WXQGH© ª8QG GX ZLUVW ELV GDKLQ PLW GHU )ORULQLHULQ XQG GHP 5DXPDQDO\WLNHUQLFKWVWXQ"©ª1LFKWGDVJHULQJVWH© ª*XW,FKZHUGHEHLGHU/DQGXQJGDEHLVHLQ©6LHVWDQGDXI ª,FK ZHUGH GLU ]HLJHQ GD GHLQH 7RFKWHU HLQ JDQ] JXWHU 'HWHNWLY VHLQNDQQ©'RFK)LIHJLQJDXIGDV/DFKHQVHLQHU7RFKWHUQLFKWHLQ ª,FKP|FKWHGDVQLFKW©VDJWHHUª:DUXPQLFKW"© ª(V GDUI NHLQ $XIKHEHQ EHU GLH $QNXQIW GLHVHV 0DQQHV JHPDFKW ZHUGHQ'XZlUVWDP+DIHQ]XDXIIlOOLJ© ª1DXQG"© ª,FKNDQQGLUGLH6WDDWVJHVFKlIWHQLFKWHUNOlUHQ0LD© ª6WDDWVJHVFKlIWH 3DK© 6LH EHXJWH VLFK YRU GUFNWH LKP HLQHQ IOFKWLJHQ.XDXIGLH6WLUQXQGZDUGUDXHQ1XQVDVLHKLOIORVLQ LKUHP :DJHQ ZlKUHQG KRFK EHU LKU HLQ JU|HU ZHUGHQGHU )OHFN

DP +LPPHO VFKZHEWH 6LH GUFNWH DXI GHQ .QRSI GHU GDV =XEHK|UIDFK |IIQHWH XQG QDKP LKU 6SH]LDO)HUQJODV KHUDXV 1RUPDOHUZHLVHYHUIROJWHPDQGDPLWGLH5HJDWWHQ GHU5DXPMDFKWHQ 6LH KLHOW GDV *ODV DQ GLH $XJHQXQGGHU)OHFNDP+LPPHOZXUGH ]XHLQHPNOHLQHQ5DXPVFKLII'DVURWH*OKHQVHLQHV+HFNDQWULHEV ZDU GHXWOLFK ]X HUNHQQHQ 6R ZUGH VLH GLH 0lQQHU ZHQLJVWHQV VHKHQ ZHQQ VLH GDV 6FKLII YHUOLHHQ XQG GDQDFK LUJHQGZLH HLQ ,QWHUYLHZDUUDQJLHUHQ

6DUN IOOWH GHQ %LOGVFKLUP HLQ .RQWLQHQW XQG HLQ KDOEHU 2]HDQ ]XP7HLOYRQGHPWRWHQ%DXPZROOZHLGHU:RONHQEHGHFNWª'HU 5DXPKDIHQ ZLUG QLFKW VHKU EHZDFKW VHLQ© VDJWH *HQUR (U EOLFNWH GDEHL QLFKW YRQ GHQ ,QVWUXPHQWHQ DXI ª$XFK GDV JHVFKDK DXI PHLQHQ 9RUVFKODJ KLQ ,FK VDJWH MHGHV $XIVHKHQ EHL GHU $QNXQIW GHV6FKLIIHVN|QQWH7UDQWRUGDUDXIDXIPHUNVDPPDFKHQGDHWZDV ORVLVW,FKVDJWHGHU(UIROJKLQJHGDYRQDEGD7UDQWRU]XNHLQHU =HLWGLHZDKUH/DJHGHU'LQJHNHQQWELVHV]XVSlWLVW© 7HUHQV]XFNWHGLH$FKVHOQª:DVPDFKWGDVDXV"© ª)U6LHHLQH0HQJH,FKZHUGHGLH/DQGHUDPSHEHQXW]HQGLHGHP 2VWDXVJDQJ DP QlFKVWHQ OLHJW 6LH ZHUGHQ GDV 6FKLII GXUFK GHQ 1RWDXVVWLHJDP+HFNYHUODVVHQVREDOGLFKJHODQGHWELQ*HKHQ6LH VFKQHOODEHUQLFKW]XVFKQHOO]XP7RU,FKKDEHHLQLJH3DSLHUHPLW GHQHQ6LHYLHOOHLFKWRKQH6FKZLHULJNHLWHQGXUFKNRPPHQYLHOOHLFKW DXFK QLFKW ,FK EHUODVVH HV ,KQHQ ]X 1RWPDQDKPHQ ]X JUHLIHQ ZHQQHV6FKHUHUHLHQJHEHQVROOWH6LHVLQGGDULQMDJHEW 9RUGHP7RUZLUGHLQ:DJHQDXI6LHZDUWHQXQG6LH]XU%RWVFKDIW IDKUHQ'DVLVWDOOHV© ª8QGZDVWXQ6LH"© /DQJVDP YHUlQGHUWH VLFK 6DUN DXI GHP %LOGVFKLUP 'LH ULHVLJH JHVWDOWORVH .XJHO PLW GHP YHUVFKZRPPHQHQ %UDXQ XQG *UQ XQG %ODX XQG :RONHQZHL JOLHGHUWH VLFK XQG ZXUGH ]X HWZDV /HEHQGLJHP ,KUH 2EHUIOlFKH ZDU YRQ )OVVHQ GXUFK]RJHQ XQG UXQ]HOLJYRQ%HUJHQ *HQUR OlFKHOWH NKO XQG KXPRUORV ª.PPHUQ 6LH VLFK OLHEHU XP VLFK VHOEVW :HQQ PDQ IHVWVWHOOW GD 6LH JHIORKHQ VLQG ZLUG PDQ PLFK YLHOOHLFKW DOV 9HUUlWHU HUVFKLHHQ :HQQ PDQ PLFK GDJHJHQ Y|OOLJ KLOIORV DQWUHIIHQ ZUGH XQG N|USHUOLFK XQIlKLJ 6LH IHVW]XKDOWHQNlPHLFKYLHOOHLFKWPLWHLQHU'HJUDGLHUXQJ GDYRQ'D GDV OHW]WHUH YRU]X]LHKHQ LVW ELWWH LFK 6LH EHYRU 6LH JHKHQ GLHVH 1HXUR3HLWVFKHHLQZHQLJDQPLUDXV]XSURELHUHQ© ª:LVVHQ6LHZDVHLQH1HXUR3HLWVFKHLVW"©IUDJWH7HUHQV ª8QJHIlKU© .OHLQH 6FKZHLWURSIHQ VWDQGHQ DXI *HQURV 6FKOlIHQª6LQG6LHVLFKHUGDLFK6LHGDPLWQLFKWW|WH",FKELQHLQ JHEWHU0|UGHUZLH6LHZLVVHQ©

ª(V ZUGH ,KQHQ QLFKW YLHO QW]HQ 6LH ZUGHQ QXU =HLW GDPLW YHUJHXGHQ ,FK KDEH VFKOLPPHUH 5LVLNHQ DXI PLFK JHQRPPHQ© 6DUNZXUGHDXIGHP%LOGVFKLUPLPPHUJU|HU6HLQH5lQGHUJOLWWHQ EHU GLH *UHQ]H GHV %LOGVFKLUPV KLQDXV XQG SO|W]OLFK ZDUHQ GLH 5HJHQERJHQIDUEHQHLQHUVDUNLWLVFKHQ6WDGW]XHUNHQQHQª,FKKRIIH 6LH KDEHQ QLFKW YRU VLFK DXI HLJHQH )DXVW GDYRQ]XPDFKHQ© VDJWH *HQURª$XI6DUNJHKWGDVQLFKW6LHKDEHQHVHQWZHGHUPLW7UDQWRU RGHUPLWGHQ*URKHUUHQ]XWXQ'HQNHQ6LHGDUDQ© 1XQ VDK PDQ GLH 6WDGW GHXWOLFK XQG HLQ JUQEUDXQHU )OHFN DQ LKUHP5DQGZXUGHJU|HUZXUGH]XHLQHP5DXPKDIHQ ª:HQQ 7UDQWRU 6LH QLFKW LQQHUKDOE GHU QlFKVWHQ 6WXQGH KDW VLQG 6LH LQ GHQ +lQGHQ GHU *URKHUUHQ HKH GHU 7DJ YRUEHU LVW ,FK NDQQ QLFKW JDUDQWLHUHQ ZDV 7UDQWRU PLW ,KQHQ WXW $EHU LFK NDQQ ,KQHQJDUDQWLHUHQZDV6LHYRQ6DUN]XHUZDUWHQKDEHQ© 7HUHQVZXWHZDV6DUNPLWHLQHP*URKHUUHQ0|UGHUWXQZUGH 'HU +DIHQ EOLHE DXI GHP %LOGVFKLUP DEHU *HQUR DFKWHWH QLFKW PHKU GDUDXI (U EHGLHQWH GLH ,QVWUXPHQWH 'DV 5DXPVFKLII GUHKWH VLFKODQJVDPLQGHU/XIWHLQH0HLOHEHUGHP%RGHQXQGJOLWWPLW GHP +HFN YRUDXV DEZlUWV +XQGHUW 0HWHU EHU GHU 5DPSH GRQQHUWHQ GLH 0RWRUHQ DXI 7URW] GHU K\GUDXOLVFKHQ )HGHUQ IKOWH 7HUHQVGLH(UVFKWWHUXQJ (UZXUGHVFKZLQGHOLJ ª1HKPHQ 6LH GLH 3HLWVFKH© VDJWH *HQUR ª6FKQHOO MHW]W -HGH 6HNXQGH LVW NRVWEDU 'HU 1RWDXVVWLHJ ZLUG VLFK DXWRPDWLVFK KLQWHU ,KQHQ VFKOLHHQ (V ZLUG IQI 0LQXWHQ GDXHUQ ELV VLH VLFK ZXQGHUQ ZDUXP LFK GHQ +DXSWHLQJDQJ QLFKW |IIQH ZHLWHUH IQI 0LQXWHQ XP GDV 6FKLII DXI]XEUHFKHQ XQG QRFK IQI 0LQXWHQ ELV PDQ IHVWVWHOOW GD 6LH QLFKW GD VLQG 6LH KDEHQ IQI]HKQ 0LQXWHQ XPGHQ+DIHQ]XYHUODVVHQXQGLQGHQ:DJHQ]XVWHLJHQ© 'LH (UVFKWWHUXQJ OLH QDFK 'XPSIH 6WLOOH WUDW HLQ XQG 7HUHQV ZXWH GD VLH .RQWDNW PLW 6DUN KDWWHQ 'LH GLDPDJQHWLVFKHQ )HOGHU EHUQDKPHQ QXQ GDV 6FKLII 'LH -DFKW NLSSWH PDMHVWlWLVFK QDFKYRUQXQGVDQNODQJVDPDEZlUWV ª-HW]W© VDJWH *HQUR 6HLQH 8QLIRUP ZDUQDYRU6FKZHL7HUHQV KREGLH1HXUR3HLWVFKH 7HUHQV WUDW KLQDXV LQ GHQ VDUNLWLVFKHQ +HUEVW %HLHQGHU )URVW VFKOXJ LKP HQWJHJHQ (U KDWWH -DKUH LQ GLHVHP UDXKHQ .OLPD YHUEUDFKWELVHUGHQPLOGHQHZLJHQ-XQL)ORULQDVYHUJHVVHQKDWWH 1XQGDFKWHHUZLHGHUDQVHLQH7DJHLP9HUZDOWXQJVGLHQVWDOVKlWWH HUGLHVH:HOWGHU*URKHUUHQQLHYHUODVVHQ (U JLQJ LP 7DNW VHLQHV VFKODJHQGHQ +HU]HQV +LQWHU LKP ZDU GDV 6FKLII XQG LQ LKP ODJ *HQUR HUVWDUUW GXFK GLH :LUNXQJ GHU 3HLWVFKH 'HU 1RWDXVVWLHJ KDWWH VLFK OHLVH KLQWHU LKP JHVFKORVVHQ 7HUHQV JLQJ HLQHQ EUHLWHQ JHSIODVWHUWHQ :HJ HQWODQJ 9LHOH

$UEHLWHUZDUHQLQGHU1lKHGRFKNHLQHUEOLFNWHDXI (U IDWH NXU] DQ VHLQH .DSSH (U KDWWH VLH ZLHGHU EHU GLH 2KUHQ JH]RJHQ XQG GDV NOHLQH 0HGDLOORQ GDV QXQ GDUDQ JHVWHFNW ZDU IKOWH VLFK ZHLFK DQ *HQUR KDWWH HV LKP DOV (UNHQQXQJV]HLFKHQ JHJHEHQ 'LH 0lQQHU YRQ 7UDQWRU ZDUWHWHQ DXI GLHVHV 0HGDLOORQ GDV LQ GHU 6RQQH JOLW]HUWH (U NRQQWH HV HQWIHUQHQ VLFK DXI HLJHQH )DXVW GDYRQPDFKHQ LUJHQGZLH HLQ DQGHUHV 6FKLII ILQGHQ LUJHQGZLH 6DUN YHUODVVHQ LUJHQGZLH HQWULQQHQ =X YLHOH ,UJHQGZLHV (U ZXWH GD VHLQ 6SLHO ]X(QGHZDUXQGGDHUHV ZLH*HQURJHVDJWKDWWH HQWZHGHUPLW7UDQWRURGHUPLW6DUN]XWXQ KDWWH (U KDWH 7UDQWRU $EHU HU ZXWH GD HV XQWHU NHLQHQ 8PVWlQGHQ6DUNVHLQGXUIWH ª6LH6LHGRUWGUEHQ© 7HUHQVEOLHEZLHYHUVWHLQHUWVWHKHQ'DV7RUZDUQXUGUHLLJ0HWHU HQWIHUQW:HQQHUOLHIH$EHUVLHZUGHQHLQHQODXIHQGHQ0DQQ QLFKWGXUFKODVVHQ(UGXUIWHQLFKWODXIHQ (LQHMXQJH)UDXEOLFNWHDXVGHPRIIHQHQ)HQVWHUHLQHV:DJHQVZLH 7HUHQV QRFK NHLQHQ JHVHKHQ KDWWH 1LFKW HLQPDO ZlKUHQG VHLQHU IQI]HKQMlKULJHQ $QZHVHQKHLW DXI 6DUN (U VFKLPPHUWH PHWDOOLVFK XQGIXQNHOWHYRU(GHOVWHLQHQ ª.RPPHQ6LHKHU©VDJWHVLH 7HUHQV %HLQH WUXJHQ LKQ JHJHQ VHLQHQ :LOOHQ ]XP :DJHQ *HQUR KDWWH JHVDJW 7UDQWRUV :DJHQ ZDUWH DXHUKDOE GHV +DIHQV 2GHU QLFKW"8QGZUGHQVLHHLQH)UDX]XVROFKHLQHP$XIWUDJVFKLFNHQ" (V ZDU HKHU HLQ 0lGFKHQ HLQ 0lGFKHQ PLW HLQHP GXQNOHQ VFK|QHQ *HVLFKW ª6LH VLQG PLW GHP 6FKLII JHNRPPHQ GDV HEHQ JHODQGHW LVW QLFKW ZDKU"© (U VFKZLHJ6LH ZXUGH XQJHGXOGLJ ª,FK KDEH6LHDXVVWHLJHQVHKHQ©6LHGHXWHWHDXILKU)HUQJODV ª-D©PXUPHOWH7HUHQV 6LHPDFKWHGLH7UDXI'HU:DJHQZDULQQHQQRFKOX[XUL|VHU'LH 6LW]HZDUHQZHLFKDOOHVURFKQHXXQGGDV0lGFKHQZDUVFK|Q ª6WHLJHQ 6LH HLQ *HK|UHQ 6LH ]XU %HVDW]XQJ"© IUDJWH VLH 6LH ZLOO PLFKSUIHQGDFKWH7HUHQVª6LHZLVVHQZHULFKELQ© VDJWH HU XQG EHUKUWH NXU] GDV 0HGDLOORQ 2KQH MHJOLFKHV 0RWRUHQJHUlXVFK IXKU GHU :DJHQ ]XUFN XQG ZHQGHWH $P 7RU SUHWHVLFK7HUHQVWLHILQGDVZHLFKHNKOH.\UWSROVWHU $EHUHVEHVWDQGNHLQ*UXQG]XU9RUVLFKWª'LHVHU0DQQJHK|UW]X PLU© VDJWH GDV 0lGFKHQ VHOEVWVLFKHU ]XP .RQWUROOHXU ª,FK ELQ 6DPLDYRQ)LIH©6LHSDVVLHUWHQGDV7RU (UVW QDFK 6HNXQGHQ EHJULII GHU PGH 7HUHQV ZDV HU HEHQ JHK|UW KDWWH$OV HU VLH HQWJHLVWHUW DQVFKDXWH MDJWH GHU :DJHQEHUHLWVPLW KXQGHUW0HLOHQLQGHU6WXQGHGDKLQ (LQ $QJHVWHOOWHU LP 5DXPKDIHQJHOlQGH EOLFNWH DXI XQG PXUPHOWH HLQ SDDU :RUWH LQ VHLQHQ 5RFNDXIVFKODJ 'DQQ EHWUDW HU GDV

*HElXGH XQG NHKUWH DQ VHLQH $UEHLW ]XUFN 6HLQ $EWHLOXQJVOHLWHU ]RJ GLH %UDXHQ KRFK XQG QDKP VLFK YRU LKQ ]XUHFKW]XZHLVHQ (U PRFKWH HV QLFKW ZHQQ VHLQH $QJHVWHOOWHQ GUDXHQ KHUXPOXQJHUWHQ XQG HLQH 9LHUWHOVWXQGH ODQJ =LJDUHWWHQ UDXFKWHQ $XHUKDOE GHV +DIHQV VDHQ ]ZHL 0lQQHU LQ HLQHP :DJHQ (LQHU VDJWH YHUGULHOLFK ª(U LVW ]X HLQHP 0lGFKHQ LQ GHQ :DJHQ JHVWLHJHQ VDJHQ6LH",QZDVIUHLQHQ:DJHQ"=XZDVIUHLQHP0lGFKHQ"© 'HU 0DQQ WUXJ VDUNLWLVFKH .OHLGXQJ JHK|UWH DEHU VHLQHP $N]HQW QDFK HLQGHXWLJ ]XP DUNWXULQLVFKHQ 7HLO GHV WUDQWRULQLVFKHQ ,PSHULXPV 6HLQ %HJOHLWHU ZDU HLQ 6DUNLW (U OHJWH GDV +|UJHUlW EHLVHLWHª'DVZHUGHQZLUJOHLFKVHKHQ© 'HU :DJHQ UROOWH GXUFK GDV 7RU XQG MDJWH KLQWHUKHU 'HU 0DQQ QHEHQGHP)DKUHUHUKREVLFKKDOELQVHLQHP6LW]XQGULHIª'DVLVW 6DPLDV:DJHQ/LHEH0LOFKVWUDHZDVPDFKHQZLUQXQ"© ª,KUQDFK©VDJWHGHUDQGHUHNXU] ª$EHU6DPLD© ª)U PLFK LVW VLH QLHPDQG %HVRQGHUHV XQG IU 6LH VROOWH VLH DXFK QLHPDQG%HVRQGHUHVVHLQ2GHUZHVKDOEVLQG6LHKLHU"© 'HU 6DUNLW VW|KQWH ª:LU KROHQ GLHVHQ :DJHQ QLH HLQ 6REDOG VLH XQV EHPHUNW VFKDOWHW VLH DOOH :LGHUVWlQGH DXV 'LHVHU :DJHQ PDFKW]ZHLKXQGHUWIQI]LJ© ª%LV MHW]W IlKUW VLH PLW KXQGHUW© VDJWH GHU $UNWXULQLHU 1DFK HLQHU :HLOH VDJWH HU ª6LH IlKUW QLFKW ]XP 6LFKHUKHLWVPLQLVWHULXP GDV VWHKWIHVW©8QGZLHGHUQDFKHLQHU:HLOHª6LHIlKUWDXFKQLFKW]X )LIHV3DODVW :HQQLFKQXUZWHZRKLQVLHIlKUW6LHYHUOlWGLH 6WDGW© ª:RKHU ZLVVHQ ZLU HLJHQWOLFK RE VLH GHQ 0|UGHU EHL VLFK KDW"© VDJWH GHU 6DUNLW ª'DV NDQQ HLQ 7ULFN VHLQ GHU XQV YRQ XQVHUHP 3RVWHQDEOHQNHQVROO6LHYHUVXFKWQLFKWXQVDE]XVFKWWHOQXQGVLH ZUGH EHVWLPPW QLFKW JHUDGH GLHVHQ :DJHQ EHQXW]HQ ZHQQ VLH QLFKWZROOWHGDPDQLKUIROJW0DQNDQQLKQDXI]ZHL0HLOHQKLQ HUNHQQHQ© ª)LIH ZUGH QLH VHLQH 7RFKWHU VFKLFNHQ XP XQV DE]XOHQNHQ (LQ SDDU3ROL]HLZDJHQKlWWHQEHVVHUGD]XJHWDXJW© ª9LHOOHLFKWLVWHVJDUQLFKW6DPLD© ª'DVZHUGHQZLUJOHLFKVHKHQ6LHIlKUWODQJVDPHUhEHUKROHQ6LH XQG KDOWHQ 6LH KLQWHU GHU QlFKVWHQ .XUYH© ª,FK P|FKWH PLW,KQHQ VSUHFKHQ© VDJWH GDV 0lGFKHQ 7HUHQV HUNDQQWH GD HV QLFKW GLH JDQ]JHZ|KQOLFKH)DOOHZDUIUGLHHUVLH]XHUVWJHKDOWHQKDWWH(V ZDU WDWVlFKOLFK 6DPLD YRQ )LIH 6LH PXWH HV VHLQ (V VFKLHQ LKU QLFKW LQ GHQ 6LQQ ]X NRPPHQ GD VLFK LUJHQG MHPDQG LQ LKUH 8QWHUQHKPXQJHQ HLQPLVFKHQ N|QQWH 6LH KDWWH QLFKW HLQ HLQ]LJHV 0DO]XUFNJHVFKDXWREVLHYHUIROJWZUGH'UHLPDODOVVLH.XUYHQ IXKUHQ KDWWH 7HUHQV HLQHQ :DJHQ EHPHUNW GHU LKQHQ LQ

JOHLFKEOHLEHQGHP$EVWDQGIROJWH (V ZDU NHLQ [EHOLHELJHU :DJHQ GDV ZDU VLFKHU (V NRQQWH HLQ WUDQWRULQLVFKHU VHLQ XQG GDV ZlUH JXW (V NRQQWH HLQ VDUNLWLVFKHU VHLQXQGLQGLHVHP)DOOZlUH6DPLDHLQHUHFKWEUDXFKEDUH*HLVHO ª,FKVWHKH]X,KUHU9HUIJXQJ© ª6LH ZDUHQ LQ GHP 6FKLII GDV GHQ (LQJHERUHQHQ YRQ )ORULQD JHEUDFKWKDW©VDJWHVLHª-DGDVVWLPPW© ª6HKU JXW LFK KDEH 6LH KLHU KHUDXVJHIDKUHQ GDPLW LFK XQJHVW|UW PLW ,KQHQ VSUHFKHQ NDQQ :XUGH GHU (LQJHERUHQH ZlKUHQG GHV )OXJV QDFK 6DUN YHUK|UW"© 6ROFKH 1DLYLWlW NDQQ PDQ QLFKW YRUWlXVFKHQ GDFKWH 7HUHQV 6LH ZXWH ZLUNOLFK QLFKW ZHU HU ZDU 9RUVLFKWLJ VDJWH HU ª-D© ª:DUHQ 6LH EHL GLHVHP 9HUK|U ]XJHJHQ"© ª-D© ª*XW GDV GDFKWH LFK PLU :DUXP KDEHQ 6LH EULJHQV GDV 6FKLII DOOHLQ YHUODVVHQ"© 'LHVH )UDJH KlWWH VLH HLJHQWOLFK DOV HUVWH VWHOOHQ PVVHQ GDFKWH 7HUHQV ª,FK VROOWH HLQH JHKHLPH 0HOGXQJ EHUEULQJHQ© (U ]|JHUWH ª0HLQHP 9DWHU" 0DFKHQ 6LH VLFK GHVKDOE NHLQH 6RUJHQ ,FK ZHUGH IU 6LH HLQVWHKHQ ,FK ZHUGH VDJHQGDLFK6LHHQWIKUWKDEH© ª6HKU JXW JQlGLJH )UDX© 'LH $QUHGH !JQlGLJH )UDX© VWDN WLHI LQ VHLQHP %HZXWVHLQ 6LHZDU HLQH 'DPHGLHHUVWHGHV/DQGHVXQG HU ZDU HLQ )ORULQLHU HLQ 0DQQ GHU 3ROL]HLEHDPWH XQG *URKHUUHQ HUPRUGHQ NRQQWH 8QG DOV *URKHUUHQ0|UGHU VFKDXWH HU VLH DQ PLW KDUWHQ IRUVFKHQGHQ $XJHQ (U EOLFNWH DXI VLH KHUDE 6LH ZDU VHKU VFK|Q 8QG ZHLO VLH DOV GLHHUVWH'DPHGHV/DQGHVLPPHULP %OLFNSXQNW GHV ,QWHUHVVHV VWDQG ZDU VLH VLFK VHLQHU $XIPHUNVDPNHLW QLFKW EHZXW ª,FK P|FKWH GD 6LH PLU DOOHV VDJHQZDV6LHEHLP9HUK|UHUIDKUHQKDEHQ(VLVWVHKUZLFKWLJ© ª'DUI LFK IUDJHQ ZDUXP 6LH VLFK IU GHQ (LQJHERUHQHQ LQWHUHVVLHUHQ JQlGLJH )UDX"© ª1HLQ© VDJWH VLH HLQIDFK ª:LH 6LH ZQVFKHQJQlGLJH)UDX©(UZXWHQLFKWZDVHUVDJHQVROOWH+DOE ZDUWHWHHUGDUDXIGDGHUDQGHUH:DJHQVLHHLQKROWHKDOEZXUGHHU VLFK LPPHU PHKU GHV *HVLFKWHV XQG GHV .|USHUV GHV VFK|QHQ 0lGFKHQV EHZXW GDV QHEHQ LKP VD )ORULQLHU LP 9HUZDOWXQJVGLHQVWXQGVROFKHGLHDOV2UWVYHUZDOWHUGLHQWHQZDUHQ WKHRUHWLVFK -XQJJHVHOOHQ XQG VROOWHQ VLFK IU )UDXHQ QLFKW LQWHUHVVLHUHQ ,QGHU3UD[LVXPJLQJHQGLHPHLVWHQGLHVH9RUVFKULIW ZHQQ VLH LUJHQGZLH NRQQWHQ $XFK 7HUHQV ZDU LQ GLHVHU +LQVLFKW QLFKW XQWlWLJ JHZHVHQ $EHU VHOEVW LP EHVWHQ )DOO ZDUHQ VHLQH (UIDKUXQJHQXQEHIULHGLJHQG 6LH ZDUWHWH GDUDXI GD HU VSUlFKH ,KUH GXQNOHQ $XJHQ IXQNHOWHQ YRU :LEHJLHU GLH YROOHQ URWHQ /LSSHQ ZDUHQ HUZDUWXQJVYROO JH|IIQHW XQG GDV KHUUOLFKH .\UWJHZDQG KRE LKUH PDNHOORVH )LJXU QRFKKHUYRU6LHGDFKWHQLFKWLPHQWIHUQWHVWHQGDUDQGDLUJHQGHLQ

0HQVFK HV ZDJHQ NRQQWH LKU JHJHQEHU !JHIlKUOLFKH *HGDQNHQ ]X KHJHQ 'LH +lOIWH VHLQHV %HZXWVHLQV GLH DXI GLH 9HUIROJHU ZDUWHWH HUODKPWH 3O|W]OLFK ZXWH HU GD GLH (UPRUGXQJ HLQHV *URKHUUQVFKOLHOLFKGRFKQLFKWGDVVFKZHUVWH9HUEUHFKHQZDU(U ZDU VLFK QLFKW JDQ] EHZXW ZDV JHVFKDK (U ZXWH QXU GD LKU NOHLQHU .|USHU LQ VHLQHQ $UPHQ ODJ XQG NXU] DXIVFKULH 'DQQ HUVWLFNWH HU GHQ 6FKUHL PLW VHLQHQ /LSSHQ ,Q GLHVHP $XJHQEOLFN IKOWH HU +lQGH DQ VHLQHQ 6FKXOWHUQ XQG HLQHQ NDOWHQ /XIW]XJ DP 5FNHQ(UJULIIQDFKVHLQHU:DIIH=XVSlW6LHZXUGHLKPDXVGHQ +lQGHQ JHULVVHQ 6DPLD DWPHWH VFKZHU 'HU 6DUNLW VDJWH HQWVHW]W ª+DEHQ6LHJHVHKHQZDVHUJHWDQKDW"© ª:HQQVFKRQ©VDJWHGHU$UNWXULQLHU 'HU$UNWXULQLHUVWHFNWHHLQHQNOHLQHQVFKZDU]HQ*HJHQVWDQGLQGLH 7DVFKH XQG VWULFK GHQ PDJQHWLVFKHQ 6DXP ]X ª3DFNHQ 6LH LKQ© VDJWHHU'HU6DUNLW ]RJ7HUHQVJUREDXVGHP:DJHQª8QGVLHKDW VLFKNVVHQODVVHQ©PXUPHOWHHUª6LHKDWVLFKNVVHQODVVHQ© ª:HU VLQG 6LH"© VFKULH 6DPLD SO|W]OLFK ª+DW 6LH PHLQ 9DWHU JHVFKLFNW"©ª.HLQH)UDJHQELWWH©VDJWHGHU$UNWXULQLHU ª6LHVLQGHLQ)UHPGHU©VDJWH 6DPLD]RUQLJ ª,FK VROOWH LKP GHQ 6FKlGHO HLQVFKODJHQ© VFKULH GHU 6DUNLW XQG VFKWWHOWHGLH)DXVWª+|UHQ6LHDXI©VDJWHGHU$UNWXULQLHUXQG]RJ GHQ 6DUNLWHQ YRQ 7HUHQV ZHJ ª(V JLEW VFKOLHOLFK *UHQ]HQ© JUROOWH GHU 6DUNLW PUULVFK ª,FK ODVVH PLU GHQ *URKHUUQ0RUG QRFK HLQJHKHQ ,FK P|FKWH VHOEVW HLQ SDDU XPEULQJHQ $EHU GDEHLVWHKHQ XQG ]XVHKHQ ZLH HLQ (LQJHERUHQHU GDV WXW ZDV HU JHWDQKDWGDVLVWHLQIDFK]XYLHOIUPLFK© 6DPLD VDJWHPLWHLQHUXQQDWUOLFKKRKHQ6WLPPHª(LQJHERUHQHU"© 'HU6DUNLWEHXJWHVLFKYRUXQG]RJ7HUHQVERVKDIWGLH0W]HYRP .RSI 'HU 2UWVYHUZDOWHU HUEODWH UKUWH VLFK DEHU QLFKW (U KLHOW GHQ %OLFN IHVW DXI GDV 0lGFKHQ JHULFKWHW XQG VHLQ U|WOLFKHV +DDU IODWWHUWH OHLFKW LP :LQG 6DPLD ZDUI VLFKLQGHQ:DJHQVLW]]XUFN XQG EHGHFNWH PLW EHLGHQ +lQGHQ GDV *HVLFKW ,KUH +DXW ZXUGH ZHL XQWHU GHP 'UXFN GHU )LQJHU ª:DV VROOHQ ZLU PLW LKU WXQ"© IUDJWHGHU6DUNLW ª1LFKWV© ª6LH KDW XQV JHVHKHQ 6LH ZLUG GHQ JDQ]HQ 3ODQHWHQ KLQWHU XQV KHUKHW]HQHKHZLUHLQH0HLOHZHLWJHNRPPHQVLQG© ª:ROOHQ 6LH GLH *URKHUULQ YRQ )LIH XPEULQJHQ"© IUDJWH GHU $UNWXULQLHU VDUNDVWLVFK ª1DWUOLFK QLFKW DEHU ZLU N|QQHQ LKUHQ :DJHQ ]HUWUPPHUQ %LV VLH ]X HLQHU )XQNVSUHFKVWHOOH NlPH ZlUHQ ZLU LQ 6LFKHUKHLW© ª'DV LVW QLFKW Q|WLJ© 'HU $UNWXULQLHU EHXJWH VLFK LQ GHQ :DJHQ ª*QlGLJH )UDX LFK KDEH QXU HLQHQ $XJHQEOLFN=HLW+|UHQ6LHPLFK"© 6LHUKUWHVLFKQLFKW

ª6LHWlWHQEHVVHUGDUDQPLFK]XK|UHQ(VWXWPLUOHLGGDLFK6LH LQ HLQHP ]lUWOLFKHQ $XJHQEOLFN VW|UHQ PXWH DEHU JOFNOLFKHUZHLVH KDEH LFK GLHVHQ $XJHQEOLFN JHQXW]W ,FK KDEH UDVFK JHKDQGHOW XQG NRQQWH GLH 6]HQH PLW GHU GUHLGLPHQVLRQDOHQ .DPHUDDXIQHKPHQ'LHVLVWNHLQ%OXII(LQH0LQXWHQDFKGHPLFK 6LH YHUODVVHQ KDEH ZHUGH LFK GDV 1HJDWLY SHU )XQN DQ HLQHQ VLFKHUHQ 2UW VHQGHQ 8QG GDQDFK ZLUG PLFK MHGH (LQPLVFKXQJ ,KUHUVHLWVGD]X]ZLQJHQ]LHPOLFKWDNWORV]XKDQGHOQ,FKELQVLFKHU 6LH KDEHQ PLFK YHUVWDQGHQ© (U GUHKWH VLFK XP ª6LH ZLUG NHLQ :RUW YHUODXWHQ ODVVHQ .RPPHQ 6LH PLW 2UWVYHUZDOWHU© 7HUHQV IROJWH (U NRQQWH NHLQHQ %LFN PHKU DXI GDV VFKPDOH *HVLFKW LP :DJHQ ZHUIHQ $EHU ZDV QXQ DXFK QRFK JHVFKHKHQ PRFKWH HU KDWWHHLQ:XQGHUYROOEUDFKW(UKDWWHGLHVWRO]HVWH'DPHYRQ6DUN JHNW (U KDWWH GLH IOFKWLJH %HUKUXQJ LKUHU ]DUWHQ /LSSHQ JHVSUW

'HU$QJHNODJWH 'LH 'LSORPDWLH KDW LKUH HLJHQH 6SUDFKH XQG LKUH HLJHQHQ *HEUlXFKH 'HU 8PJDQJ ]ZLVFKHQ GHQ 5HSUlVHQWDQWHQ VRXYHUlQHU 6WDDWHQLVWZHQQ HUVWULNWGHP3URWRNROOHQWVSULFKWJHNQVWHOWXQG OlFKHUOLFK 'LH 3KUDVH !XQDQJHQHKPH .RQVHTXHQ]HQ ZLUG JOHLFKEHGHXWHQG PLW !.ULHJ XQG JHHLJQHWHV hEHUHLQNRPPHQ PLW !8QWHUZHUIXQJ $EHO ]RJ HV YRU GLH GLSORPDWLVFKH 'RSSHO]QJLJNHLW ]X YHUPHLGHQ (U ZLUNWH HKHU ZLH HLQ lOWHUHU 0DQQGHUVLFKOLHEHQVZUGLJEHLHLQHP*ODV:HLQXQWHUKlOWª6LH ZDUHQVFKZHU]XHUUHLFKHQ)LIH©VDJWHHU)LIHOlFKHOWH(UVFKLHQ ]XIULHGHQ ]X VHLQ ª(LQ DUEHLWVUHLFKHU 7DJ $EHO© ª-D LFK KDEH GDYRQ JHK|UW© ª9RQ 6WHHQ"© IUDJWH )LIH EHLOlXILJ ª7HLOZHLVH 6WHHQ ZDU XQJHIlKU VLHEHQ 6WXQGHQ ODQJ EHL XQV© ª,FK ZHL (V ZDU PHLQ HLJHQHU )HKOHU (UZlJHQ 6LH LKQ DQ XQV DXV]XOLHIHUQ"© ª,FKIUFKWHQHLQ©ª(ULVWHLQ9HUEUHFKHU©$EHOODFKWH(UGUHKWH GDV:HLQJODVLQGHU+DQGXQGVDKGHQDXIVWHLJHQGHQ%OlVFKHQ]X ª,FK GHQNH ZLU N|QQHQ LKQ DOV SROLWLVFKHQ )OFKWOLQJ EHKDQGHOQ 'DV LQWHUVWHOODUH 5HFKW ZLUG LKQ DXIWUDQWRULQLVFKHP +RKHLWVJHELHW VFKW]HQ©ª:LUG,KUH5HJLHUXQJ6LHGHFNHQ"© ª,FK JODXEH VFKRQ )LIH ,FK ZDU QLFKW XPVRQVW VLHEHQXQGUHLLJ -DKUHLPDXVZlUWLJHQ'LHQVWXQGZHLZDV7UDQWRUGHFNWXQGZDV QLFKW© ª,FK NDQQ 7UDQWRU XP ,KUH $EEHUXIXQJ ELWWHQ© ª:DV ZUGH GDV QW]HQ" ,FK ELQ HLQ IULHGOLFKHU 0DQQ GHQ 6LH NHQQHQ 9RQ PHLQHP 1DFKIROJHU KlWWHQ 6LH GLHVH *HZLKHLW QLFKW© (V

HQWVWDQGHLQH3DXVH)LIHVO|ZHQKDIWHV*HVLFKWOHJWHVLFKLQ)DOWHQ ª,FKYHUPXWH6LHZROOHQPLUHLQHQ9RUVFKODJXQWHUEUHLWHQ© ª$OOHUGLQJV6LHKDEHQHLQHQXQVHUHU0lQQHU© ª:DVIUHLQHQ0DQQ"© ª(LQHQ 5DXPDQDO\WLNHU (LQHQ %UJHU GHV 3ODQHWHQ (UGH GHU EULJHQV]XPWUDQWRULQLVFKHQ%HVLW]JHK|UW© ª+DW,KQHQ6WHHQGDVHU]lKOW"© ª8QWHUDQGHUHP© ª+DWHUGLHVHQ(UGEHZRKQHUJHVHKHQ"© ª'DVKDWHUQLFKWJHVDJW© ª6FK|Q HU KDW HV QLFKW JHVDJW ,FK ]ZHLIOH GDUDQ GD 6LH LKP JODXEHQN|QQHQ© $EHOVWHOOWHGDV*ODVKLQ(UIDOWHWHGLH+lQGHLP6FKRª:LHGHP DXFKVHLLFKELQVLFKHUGDGHU0DQQ YRQGHU(UGHH[LVWLHUW8QG LFK ELQ GHU 0HLQXQJ )LIH ZLU VROOWHQ XQV LQ GLHVHU $QJHOHJHQKHLW HLQLJHQ ,FK KDEH 6WHHQ XQG 6LH KDEHQ GHQ 0DQQ YRQ GHU (UGH :LU VLQG VR]XVDJHQ TXLWW :DUXPVROOWHQZLUQLFKWHLQH.RQIHUHQ] EHU GLH .\UWVLWXDWLRQ LP DOOJHPHLQHQ DEKDOWHQ HKH 6LH PLW ,KUHQ DXJHQEOLFNOLFKHQ3OlQHQIRUWIDKUHQ"© ª,FKVHKHQLFKWHLQGDGLHVQRWZHQGLJLVW:DVDXJHQEOLFNOLFKDXI 6DUNJHVFKLHKWLVWHLQHUHLQHLQWHUQH$QJHOHJHQKHLW,FKELQEHIHLW PLW PHLQHU 3HUVRQ GDIU ]X EUJHQ GD GLH SROLWLVFKHQ (UHLJQLVVH KLHU NHLQHQ (LQIOX DXI GHQ .\UWKDQGHO DXVEHQ ,FK GHQNH GDV GUIWH7UDQWRUVEHUHFKWLJWHQ,QWHUHVVHQHQWVSUHFKHQ© $EHO VFKOUIWH VHLQHQ :HLQ XQG VFKLHQ QDFK]XGHQNHQ ª(V VLHKW DXV©VDJWHHUªDOVKlWWHQZLUHLQHQ]ZHLWHQSROLWLVFKHQ)OFKWOLQJ HLQHQ ,KUHU IORULQLVFKHQ 8QWHUJHEHQHQ EULJHQV HLQHQ 2UWVYHUZDOWHU (U QHQQW VLFK 0\UO\Q 7HUHQV (LQ NXULRVHU )DOO© )LIHV$XJHQIXQNHOWHQª'DVKDEHQZLUKDOEHUZDUWHW$EHOHVJLEW HLQH *UHQ]H GHU RIIHQHQ (LQPLVFKXQJ 7UDQWRUV DXI GLHVHP 3ODQHWHQ 'HU 0DQQ GHQ 6LH HQWIKUW KDEHQ LVW HLQ 0|UGHU 6LH N|QQHQ DXV LKP NHLQHQ SROLWLVFKHQ )OFKWOLQJ PDFKHQ© ª6FK|Q ZROOHQ6LHGHQ0DQQKDEHQ"©ª'HQNHQ6LHDQHLQHQ+DQGHO"©ª$Q GLH .RQIHUHQ] EHU GLH LFK VSUDFK© ª:HJHQ HLQHV IORULQLVFKHQ 0|UGHUV 1LHPDOV© ª$EHU GLH $UW XQG :HLVH LQ GHU HV GHP 2UWVYHUZDOWHU JHODQJ LKQHQ ]X HQWNRPPHQ LVW ]LHPOLFK NXULRV 9LHOOHLFKWLQWHUHVVLHUWHV6LH"©-XQ]VFKULWWLP=LPPHUDXIXQG DE 'LH 1DFKW ZDU EHUHLWV ZHLW YRUDQJHVFKULWWHQ (U KlWWH JHUQ JHVFKODIHQ DEHU HU ZXWH GD HU GD]X DEHUPDOV HLQ 6FKODIPLWWHO EUDXFKHQZUGH ª1HLQ©ULHIHUª,UJHQGHWZDVKlWWHJHVFKHKHQPVVHQ6ROlXIWHV DXI (USUHVVXQJ KLQDXV© ª7HFKQLVFK JHVHKHQ MD :DV KlWWH LFK ,KUHU 0HLQXQJ QDFK WXQ DOOHQ"© ª*HQDX GDV ZDV 6LH JHWDQ KDEHQ ,FK ELQ NHLQ +HXFKOHU $EHO DEHU LFK YHUVXFKH ZHQLJVWHQV NHLQHU

]X VHLQ ,FK NDQQ ,KUH 0HWKRGH QLFKW YHUGDPPHQ ZHQQ LFK YRUKDEH DXV GHP (UJHEQLV PHLQHQ 1XW]HQ ]X ]LHKHQ 7URW]GHP :DVLVWPLWGHP0lGFKHQª,KUZLUGQLFKWVJHVFKHKHQVRODQJH)LIH ]X VHLQHP +DQGHO 6WHKW© ª6LH WXW PLU OHLG ,FK PDJ GLH VDUNLWLVFKHQ $ULVWRNUDWHQ QLFKW DEHU LFK NDQQ QLFKWV GDIU GDV 0lGFKHQWXWPLUOHLG© ª$OV ,QGLYLGXXP MD $EHU 6DUN LVW VHOEVW GDUDQ VFKXOG +DEHQ 6LH MHHLQ0lGFKHQLQHLQHP:DJHQJHNW"© 'HU$QIOXJHLQHV/lFKHOQV]LWWHUWHDQ-XQ] 0XQGZLQNHOQª-D© ª,FK DXFK REZRKO LFK WLHIHU LQ (ULQQHUXQJHQ NUDPHQ PX DOV 6LH 0HLQH lOWHVWH (QNHOLQ LVW ZDKUVFKHLQOLFK EHUHLWV YHUOREW HV ZUGH PLFK MHGHQIDOOV QLFKW ZXQGHUQ :DV LVW VFKRQ HLQ JHVWRKOHQHU .X LQ HLQHP :DJHQ" ,VW HV QLFKW GHU $XVGUXFN GHU QDWUOLFKVWHQ *HPWVUHJXQJ" 'D LVW HLQ 0lGFKHQ ]XJHJHEHQHUPDHQ YRQ KRKHPJHVHOOVFKDIWOLFKHP5DQJGDVGXUFKHLQHQ,UUWXPPLWHLQHP VDJHQ ZLU 9HUEUHFKHU LP JOHLFKHQ :DJHQ VLW]W (U EHQXW]W GLH *HOHJHQKHLWHUNWVLH(VJHVFKLHKWRKQHLKUH=XVWLPPXQJ:DV VROO VLH GDEHL HPSILQGHQ" :DV VROO LKU 9DWHU HPSILQGHQ" bUJHU" $OOHVGDVMD$EHUHQWHKUW"1HLQ6RVHKUHQWHKUWGDHUEHUHLWLVW ZLFKWLJH 6WDDWVDQJHOHJHQKHLWHQ ]X JHIlKUGHQ XP GLH (QWGHFNXQJ ]XYHUPHLGHQ"8QVLQQ 6DPLD KDW VLFK QLFKWV DQGHUHV ]XVFKXOGHQ NRPPHQ ODVVHQ DOV (LJHQVLQQ XQG HLQH JHZLVVH 1DLYLWlW ,FK ELQ EHU]HXJW GD VLH VFKRQ |IWHUV JHNW ZRUGHQ LVW 8QG DXFK LQ GLHVHP )DOO KlWWH QLHPDQG HWZDV JHVDJW ZHQQ HV QLFKW DXVJHUHFKQHW HLQ )ORULQLHU JHZHVHQ ZlUH (V VSLHOW GDEHL NHLQH 5ROOH GD VLH QLFKW ZXWH ZHQ VLH YRU VLFK KDWWH (V VSLHOW NHLQH 5ROOH GD HU LKU GHQ .X DXIJH]ZXQJHQ KDW :HQQ ZLU GLH )RWRJUDILH YHU|IIHQWOLFKWHQ ZUGHGLHVGDV/HEHQIUVLHXQGLKUHQ9DWHUXQHUWUlJOLFKPDFKHQ 6LH KlWWHQ )LIHV *HVLFKW VHKHQ VROOHQ DOV HU GLH5HSURGXNWLRQVDK 0DQHUNDQQWHDXIGHU.RSLHQLFKWXQEHGLQJWGDGHU2UWVYHUZDOWHU )ORULQLHU LVW (U WUXJ HLQHQ VDUNLWLVFKHQ $Q]XJ XQG HLQH 0W]H EHGHFNWH VHLQ +DDU (U ZDU KHOOKlXWLJ DEHU DXFK GDV ZDU QLFKW GHXWOLFK ]X HUNHQQHQ 'HQQRFK ZHL )LIH GD YLHOH DQ GHP 6NDQGDO )UHXGH KlWWHQ XQG GDV *HUFKW QXU ]X JHUQ JODXEHQ ZUGHQ 8QG HU ZHL GD VHLQH SROLWLVFKHQ *HJQHU GDV JU|WH .DSLWDO GDUDXV VFKODJHQ ZUGHQ 6LH N|QQHQ HV (USUHVVXQJ QHQQHQ-XQ]YLHOOHLFKWLVWHVGDVDXFK$EHUHVLVWHLQH(USUHVVXQJ GLHDXINHLQHPHLQ]LJHQ3ODQHWHQLQGHU0LOFKVWUDHDXHUDXI6DUN P|JOLFK ZlUH ,KU HLJHQHV NUDQNHV VR]LDOHV 6\VWHP JDE XQV GLHVH :DIIH LQ GLH +DQG XQG LFK KDEH NHLQH *HZLVVHQVELVVH 1XW]HQ GDUDXV ]X ]LHKHQ© -XQ] VHXI]WH ª8QG ZDV KDEHQ 6LH YHUHLQEDUW"© ª:LU ZHUGHQ XQV PRUJHQ ]XU 0LWWDJV]HLW WUHIIHQ ,FK ZHUGH SHUV|QOLFK LQ VHLQHP %UR VHLQ© ª0VVHQ 6LH GLHVHV 5LVLNR

HLQJHKHQ"© ª(V ZHUGHQ =HXJHQ GDEHLVHLQ 8QG LFK ELQ EHJLHULJ GDUDXI GLHVHP 5DXPDQDO\WLNHU VHOEVW JHJHQEHU]XWUHWHQ GHQ 6LH VRODQJHJHVXFKWKDEHQ©ª:HUGHLFKDXFKGDEHLVHLQ"©IUDJWH-XQ] ª2 MD 8QG GHU 2UWVYHUZDOWHU :LU EUDXFKHQ LKQ XP GHQ 5DXPDQDO\WLNHU ]X LGHQWLIL]LHUHQ 8QG 6WHHQ QDWUOLFK DXFK 6LH $OOH ZHUGHQ GXUFK GUHLGLPHQVLRQDOH 9HUJHJHQZlUWLJXQJ !]XJHJHQVHLQ© ª9LHOHQ'DQN© 'HU WUDQWRULQLVFKH %RWVFKDIWHU XQWHUGUFNWH HLQ *lKQHQ XQG ]ZLQNHUWH -XQ] ]X ª,FK ]LHKH PLFK MHW]W ]XUFN ZHQQ HV ,KQHQ QLFKWVDXVPDFKW,FKELQ]ZHL7DJHXQGHLQH1DFKWZDFKJHZHVHQ LFKPXVFKODIHQ© 6HLW GLH GUHLGLPHQVLRQDOH 9HUJHJHQZlUWLJXQJ YHUYROONRPPQHW ZDU VDK PDQ VLFK EHL ZLFKWLJHQ .RQIHUHQ]HQ VHOWHQ SHUV|QOLFK )LIH HPSIDQG GDKHU GLH N|USHUOLFKH *HJHQZDUW GHV DOWHQ %RWVFKDIHUV DOV XQDQVWlQGLJ (U VDJWH QLFKWV (U EOLFNWH QXU ILQVWHU GLH0lQQHUDQGLHLKPJHJHQEHUVWDQGHQ $EHO HLQ DOWHU NLQGLVFKHU *UHLV LQ VFKlELJHP $Q]XJ PLW HLQHU 0LOOLRQ+LPPHOVN|USHUQKLQWHUVLFK -XQ] HLQ GXQNHOKlXWLJHU ZROOKDDULJHU 6W|UHQIULHG GHVVHQ $XVGDXHU GLH .ULVH EHVFKOHXQLJW KDWWH 6WHHQ GHU 9HUUlWHU )LIH NRQQWH LKP QLFKW LQ GLH $XJHQ VHKHQ 'HU 2UWV9HUZDOWHU ,KQ DQ]XVFKDXHQ ZDU DP VFKZHUVWHQ 'LHV ZDU GHU (LQJHERUHQH GHU VHLQH 7RFKWHU HQWHKUW KDWWH XQG GHU QRFK LQ 6LFKHUKHLW XQG XQDQJUHLIEDU KLQWHU GHQ 0DXHUQ GHU WUDQWRULQLFKHQ %RWVFKDIW VD (U KlWWHJHUQHPLWGHQ=lKQHQJHNQLUVFKWXQGPLWGHQ)lXVWHQDXI GHQ7LVFKJHVFKODJHQZHQQHUDOOHLQJHZHVHQZlUH$EHUVRGXUIWH VLFKNHLQ0XVNHOVHLQHV*HVLFKWVYHU]LHKHQREZRKOHVXQHUWUlJOLFK ZDU:HQQ6DPLDQXUQLFKW(UOLHGLHVHQ*HGDQNHQVRIRUWIDOOHQ 6HLQH HLJHQH )DKUOlVVLJNHLW KDWWH LKUHQ (LJHQVLQQ KRFKJH]FKWHW LKU NRQQWH HU QXQ QLFKW GLH 6FKXOGJHEHQ6LHKDWWHQLFKWYHUVXFKW VLFK ]X UHFKWIHUWLJHQ RGHU LKUH 6FKXOG DE]XVFKZlFKHQ 6LH KDWWH LKP GLH YROOH :DKUKHLW EHU LKUHQ SULYDWHQ 9HUVXFK HU]lKOW GHQ LQWHUVWHOODUHQ6SLRQ]XVSLHOHQXQGZLHIUFKWHUOLFKGLHVHU9HUVXFK JHHQGHW KDWWH 6LH KDWWH VLFK LQ LKUHU 6FKDP XQG(UELWWHUXQJ Y|OOLJ DXIVHLQ9HUVWlQGQLVYHUODVVHQXQGVLHKlWWHGLHVDXFKEHNRPPHQ VHOEVW ZHQQ HV GHQ 5XLQ GHV *HElXGHV EHGHXWHW KlWWH GDV HU DXIJHEDXW KDWWH ª'LHVH .RQIHUHQ] LVW PLU DXIJH]ZXQJHQ ZRUGHQ© VDJWH HU ª,FK KDEHNHLQH9HUDQODVVXQJ]XUHGHQ,FKELQKLHUXP]X]XK|UHQ© ª,FKJODXEH6WHHQZUGHJHUQH]XHUVWVSUHFKHQ©VDJWH$EHO)LIHV $XJHQ IOOWHQ VLFK PLW 9HUDFKWXQJ ª6LH KDEHQ PLFK JH]ZXQJHQ ]X 7UDQWRU EHU]XJHKHQ )LIH© NUHLVFKWH 6WHHQ ª6LH KDEHQ GDV 3ULQ]LSGHU$XWRQRPLHYHUOHW]W6LHNRQQWHQQLFKWHUZDUWHQGDLFK

PLUGDVJHIDOOHQODVVH:LUNOLFK© )LIH VDJWH QLFKWV XQG $EHO XQWHUEUDFK HEHQIDOOV QLFKW JDQ] RKQH 9HUDFKWXQJ ª.RPPHQ 6LH ]XP :HVHQWOLFKHQ 6WHHQ 6LH ZROOWHQ HWZDV VDJHQ© 6WHHQV EODVVH :DQJHQ U|WHWHQ VLFK ª'DV ZHUGH LFK DXFK WXQ XQG ]ZDU MHW]W 1DWUOLFK QHKPH LFK QLFKW IU PLFK LQ $QVSUXFKGDLFKHLQVRJXWHU'HWHNWLYELQZLH)LIHHLQHU]XVHLQ JODXEW $EHU LFK NDQQ GHQNHQ :LUNOLFK 8QG LFK KDEH JHGDFKW )LIH KDW XQV JHVWHUQ HLQH *HVFKLFKWH EHU HLQHQ JHKHLPQLVYROOHQ 9HUUlWHUHU]lKOWGHQHU!;QDQQWH,FKZXWHQDWUOLFKVRIRUWGD HVQXUHLQ*HVFKZlW]ZDUGDPLW HUGHQ1RWVWDQGDXVUXIHQNRQQWH ,FKKDEHPLFK QLFKWHLQH0LQXWHODQJJHWlXVFKW© ª(V JLEW DOVR NHLQHQ ;"© IUDJWH)LIHUXKLJª:DUXPVLQG6LHGDQQ GDYRQJHODXIHQ" (LQHQ 0DQQ GHU IOLHKW EUDXFKW PDQ QLFKW ZHLWHU DQ]XNODJHQ© ª6R" :LUNOLFK"© ULHI 6WHHQ ª,FK ZUGH DXV HLQHP EUHQQHQGHQ +DXVODXIHQVHOEVWZHQQLFKQLFKWVHOEVWGDV)HXHUJHOHJWKlWWH© ª)DKUHQ 6LH IRUW 6WHHQ© VDJWH $EHO 6WHHQ EHWUDFKWHWH VHLQH )LQJHUQlJHO ª$EHU GDQQ GDFKWH LFK :DUXP HUILQGHW HU JHUDGH GLHVH NRPSOL]LHUWH *HVFKLFKWH" 'DV LVW QLFKW VHLQH $UW :LUNOLFK (V LVW QLFKW )LIHV $UW ,FK NHQQH LKQ :LU DOOH NHQQHQ LKQ (U KDW EHUKDXSW NHLQH 3KDQWDVLH ([]HOOHQ] (LQ EUXWDOHU 0DQQ )DVW VR VFKOLPPZLH%RUW© )LIHEOLFNWHILQVWHUª6DJWHUHWZDV$EHORGHUVFKZlW]WHUQXU"© ª)DKUHQ6LHIRUW6WHHQ©VDJWH$EHO ª'DV ZLOO LFK DXFK :HQQ 6LH PLFK QXU DXVUHGHQ OLHHQ $XI ZHVVHQ 6HLWH VWHKHQ 6LH HLJHQWOLFK" ,FK VDJWH PLU GDV ZDU QDFK GHP(VVHQ:DUXPVROOWHHLQ0DQQZLH)LIHVROFKHLQH*HVFKLFKWH HUILQGHQ" (V JDE QXU HLQH $QWZRUW (U NRQQWH VLH QLFKW HUILQGHQ 1LFKW PLW VHLQHP 9HUVWDQG 'HVKDOE PXWH GLH *HVFKLFKWH ZDKU VHLQ 8QG QDWUOLFK VLQG WDWVlFKOLFK 3ROL]LVWHQ HUPRUGHW ZRUGHQ $EHU )LIH LVW VFKOLHOLFK VHKU ZRKO LQ GHU /DJH GLH 'LQJH VR ]X DUUDQJLHUHQGDGLHVJHVFKLHKW© )LIH]XFNWHGLH$FKVHOQ ª:HU DOVR LVW ;"© IXKU6WHHQIRUWª,FKELQHVQLFKW:LUNOLFK,FK ZHL EHVWLPPW GD LFK HV QLFKW ELQ 8QG LFK JHEH ]X GD HV QXU HLQ *URHU *URKHUU JHZHVHQ VHLQ NDQQ $EHU ZHOFKHU *URH *URKHUU ZXWH DP PHLVWHQ GDYRQ" :HOFKHU *URH *URKHUU YHUVXFKW QXQ VHLW HLQHP -DKU GLH *HVFKLFKWH EHU GHQ 5DXPDQDO\WLNHUGD]X]XEHQXW]HQGLHDQGHUHQVR]XlQJVWLJHQGD VLH GHP ]XVWLPPHQ ZDV HU DOV !%HUHLQLJXQJ GHU .UlIWH EH]HLFKQHW XQG ZDV LFK !HLQH 8QWHUZHUIXQJ XQWHU GLH 'LNWDWXU )LIHVQHQQH",FKZHUGH,KQHQVDJHQZHU;LVW©6WHHQVWDQGDXI 6HLQH 6FKlGHOGHFNH UDJWH EHU GHQ $XIQDKPHEHUHLFK KLQDXV XQG SODWWHWH VLFK DE 0LW HLQHP ]LWWHUQGHQ )LQJHU GHXWHWH HU DXI )LIH

ª(U LVW ; (U KDW GLHVHQ 5DXPDQDO\WLNHU JHIXQGHQ HU KDW LKQ DXV GHP :HJ JHVFKDIIW DOV HU VDK GD ZLU DQGHUHQ YRQ VHLQHQ W|ULFKWHQ %HPHUNXQJHQ DXI XQVHUHU HUVWHQ .RQIHUHQ] QLFKW EHHLQGUXFNW ZDUHQ 8QG MHW]W SUlVHQWLHUW HU LKQ XQV ZLHGHU QDFKGHPHUHLQHQ0LOLWlUSXWVFKYRUEHUHLWHWKDW© )LIH ZDQGWH VLFK PGH DQ $EHO ª,VW HU IHUWLJ" :HQQ MD GDQQ HQWIHUQHQ 6LH LKQ 6HLQ $QEOLFN LVW HLQH XQHUWUlJOLFKH %HOHLGLJXQJ IUMHGHQDQVWlQGLJHQ0HQVFKHQ© ª+DEHQ 6LH LUJHQGHLQHQ .RPPHQWDU ]X VHLQHQ $XVIKUXQJHQ ]X JHEHQ"©IUDJWH$EHOª1DWUOLFKQLFKW6LHVLQGNHLQHQ.RPPHQWDU ZHUW'HU0DQQLVWUDVHQG©ª6LHN|QQHQHVQLFKWDEVWUHLWHQ)LIH© VFKULH 6WHHQ (U VWDQG LPPHU QRFK XQG ZDQGWH VLFK DQ $EHO ª+|UHQ 6LH ]X (U VDJW VHLQH %HDXIWUDJWHQ KDEHQ $XI]HLFKQXQJHQ LQ GHU 3UD[LV HLQHV $U]WHV JHIXQGHQ (U VDJW GHU $U]W VHL GXUFK HLQHQ 8QIDOO XPV /HEHQ JHNRPPHQ QDFKGHP HU IHVWJHVWHOOW KDWWH GDGHU5DXPDQDO\WLNHUGDV2SIHUHLQHU*HKLUQVRQGHZDU(UVDJW ; KlWWH GHQ $U]W HUPRUGHW XP GLH ,GHQWLWlW GHV 5DXPDQDO\WLNHUV JHKHLP]XKDOWHQ'DVKDWHUJHVDJW)UDJHQ6LHLKQ)UDJHQ6LHLKQ REHUGDVJHVDJWKDW© ª8QGZHQQ"©HUZLGHUWH)LIH ª'DQQ IUDJHQ 6LH LKQ ZLH HU GLH $XI]HLFKQXQJHQ DXV GHP %UR HLQHV$U]WHVEHNRPPHQNRQQWHGHUVHLW0RQDWHQWRWXQGEHJUDEHQ ZDU ,Q :LUNOLFKNHLW KDWWH HU VLH GLH JDQ]H =HLW VFKRQ EHVHVVHQ :LUNOLFK© ª'DV LVW QlUULVFK© VDJWH )LIH ª:LU N|QQHQ QLFKW DXI GLHVH :HLVH HQGORV =HLW YHUJHXGHQ (LQ DQGHUHU $U]W EHUQDKP GLH 3UD[LV GHV 7RWHQ XQG VHLQH .DUWHLHQ *ODXEW LUJHQG MHPDQG YRQ ,KQHQ GD PHGL]LQLVFKH $XI]HLFKQXQJHQ YHUQLFKWHW ZHUGHQ ZHQQ GHU $U]W VWLUEW"©ª1HLQQDWUOLFKQLFKW©VDJWH$EHO 6WHHQVWRWWHUWHHWZDVXQGVHW]WHVLFK ª1RFK HWZDV"© IUDJWH )LIH ª+DW LUJHQG MHPDQG QRFK HWZDV ]X VDJHQ" :HLWHUH $QVFKXOGLJXQJHQ"© (U VSUDFK OHLVH XQG PLW HLQHP $QIOXJYRQ%LWWHUNHLW ª1XQ© VDJWH $EHO ªGLHV ZDU DOOHV ZDV 6WHHQ ]X VDJHQ KDWWH /DVVHQZLUHVDXIVLFKEHUXKHQ-XQ]XQGLFKVLQGLQHLQHUDQGHUHQ $QJHOHJHQKHLW KLHU :LU ZUGHQ JHUQ GHQ 5DXPDQDO\WLNHU VHKHQ© )LIHV+lQGHKDWWHQDXIGHU7LVFKSODWWHJHOHJHQ6LHXPNODPPHUWHQ QXQ GLH 7LVFKNDQWH 6HLQH VFKZDU]HQ $XJHQEUDXHQ ]RJHQ VLFK ]XVDPPHQ ª:LU KDEHQ HLQHQ VFKZDFKVLQQLJHQ 0DQQ LQ +DIW GHU EHKDXSWHW 5DXPDQDO\WLNHU]XVHLQ,FKZHUGHLKQKHUHLQEULQJHQODVVHQ© 9DORQD0DUFKKlWWHVLFKQLHLQLKUHP/HEHQWUlXPHQODVVHQGDHV VROFKH8QP|JOLFKNHLWHQJHEHQN|QQWH6HLWHLQHP7DJQXQVHLWVLH DXI GLHVHP 3ODQHWHQ 6DUN JHODQGHW ZDU KDWWH EHU DOOHP ZDV VLH

VDK HLQ $QIOXJ GHV :XQGHUEDUHQ JHOHJHQ 6HOEVW GLH *HIlQJQLV]HOOHQ LQ GHQHQ VLH XQG 5LN JHWUHQQW XQWHUJHEUDFKW ZRUGHQZDUHQVFKLHQHQHWZDV,UUHDO*URDUWLJHVDQVLFK]XKDEHQ :DVVHU VWU|PWH DXV HLQHU 5|KUH ZHQQ PDQ DXI HLQHQ .QRSI GUFNWH 'LH :lQGH VWUDKOWHQ :lUPH DXV 8QG MHGHU GHU PLW LKU VSUDFK WUXJ GLHVH ZXQGHUYROOHQ .\UWNOHLGHU 6LH ZDU LQ 5lXPHQ JHZHVHQ LQ GHQHQ 'LQJH VWDQGHQ GLH VLH QRFK QLH JHVHKHQ KDWWH 'LHVHUQXQZDUJU|HUDOVDOOH DQGHUHQXQGWURW]GHPIDVWOHHU$EHU HVZDUHQ0HQVFKHQGD+LQWHUHLQHP7LVFKVDHLQHUQVWEOLFNHQGHU 0DQQ XQG HLQ YLHO lOWHUHU UXQ]HOLJHU +HUU VD LQ HLQHP 6HVVHO GDQHEHQ ,KQHQ JHJHQEHU VDHQ GUHL DQGHUH (LQHU GDYRQ ZDU GHU2UWVYHUZDOWHU 6LHUDQQWHDXILKQ]Xª2UWVYHUZDOWHU2UWVYHUZDOWHU© (U VWDQG DXI XQG ZLQNWH LKU ª%OHLE ]XUFN /RQD %OHLE ]XUFN©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lUHQVLHJHIlUEWH/XIW 1XQ VD VLH ZLHGHU DXI HLQHP 6WXKO 5LN KLHOW LKUH +DQG XQG GHU DOWHUXQ]HOLJH0DQQEHXJWHVLFKEHUVLH ª'X EUDXFKVW NHLQH $QJVW ]X KDEHQ .OHLQH© VDJWH HU ª(V LVW QXU HLQ %LOG HLQH $UW )RWRJUDILH ZHLW GX© 9DORQD EOLFNWH VLFK XP 'HU2UWVYHUZDOWHUVDLPPHUQRFKGD (UVFKDXWHVLHQLFKWDQ 6LHGHXWHWHPLWGHP)LQJHUDXILKQª,VWHUQLFKWKLHU"© ª(V LVW HLQH SODVWLVFKH 9HUJHJHQZlUWLJXQJ /RQD© VDJWH 5LN ª(U LVWLUJHQGZRDQGHUVDEHUZLUN|QQHQLKQYRQKLHUDXVVHKHQ© 9DORQD VFKWWHOWH GHQ .RSI 'RFK ZHQQ 5LN HV VDJWH PXWH HV VWLPPHQ 6LH VHQNWH GLH $XJHQ 6LH ZDJWH HV QLFKW /HXWH DQ]XVHKHQGLHGDZDUHQXQGGRFKQLFKWGDZDUHQ ª'DQQ ZLVVHQ 6LH DOVR ZDV GLH GUHLGLPHQVLRQDOH 9HUJHJHQZlUWLJXQJ LVW MXQJHU 0DQQ"© VDJWH $EHO ]X 5LN ª-D +HUU©(VZDUDXFKIU5LNHLQXQJHKHXUHU7DJJHZHVHQ $EHU ZlKUHQG /RQD LPPHU YHUZLUUWHU ZXUGH KDWWH HU GLH 'LQJH LPPHUYHUWUDXWHUJHIXQGHQ ª:RKHUNHQQHQ6LHHV"©

ª,FKZHLQLFKW,FKNDQQWHHV YRUKHU HKHLFKDOOHVYHUJD© )LIH KDWWH VLFK ZlKUHQG 9DORQDV ZLOGHP 6WXU] DXI GHQ 2UWVYHUZDOWHUQLFKWJHUKUW6lXHUOLFKVDJWHHUª(VWXWPLUOHLGGD LFK XQVHU =XVDPPHQWUHIIHQ VW|UHQ PXWH LQGHP LFK HLQH K\VWHULVFKH (LQJHERUHQH KHUHLQEUDFKWH 'HU VRJHQDQQWH 5DXPDQDO\WLNHUEHVWDQGDXILKUHU$QZHVHQKHLW© ª(V LVW LQ 2UGQXQJ© VDJWH $EHO ª$EHU LFK VWHOOH IHVW GD ,KU VFKZDFKVLQQLJHU )ORULQLHU GLH GUHLGLPHQVLRQDOH 9HUJHJHQZlUWLJXQJ ]X NHQQHQ VFKHLQW© ª0DQ KDW LKQ JXW JHGULOOW VWHOOHLFKPLUYRU© VDJWH)LIH ª,VW HU VHLW VHLQHU $QNXQIW DXI 6DUN YHUK|UW ZRUGHQ"© IUDJWH $EHO ª*HZL© ª0LW ZHOFKHP (UJHEQLV"© ª.HLQH QHXHQ ,QIRUPDWLRQHQ©$EHOZDQGWHVLFKDQ5LNª:LHKHLHQ6LH"© ª!5LNLVWGHUHLQ]LJH1DPHDQGHQLFKPLFKHULQQHUH© ª.HQQHQ 6LH YRQ GLHVHQ 3HUVRQHQ KLHU LUJHQG MHPDQGHQ"© 5LN VFKDXWHIXUFKWORVYRQ*HVLFKW]X*HVLFKWª1XUGHQ2UWVYHUZDOWHU© VDJWHHUª8QG/RQDQDWUOLFK©ª'LHV©VDJWH$EHOXQGGHXWHWHDXI )LIH ªLVW GHU JU|WH *URKHUU GHU MHPDOV OHEWH (U EHVLW]W GHQ JDQ]HQ 3ODQHWHQ :DV KDOWHQ 6LH YRQ LKP"© ª,FK ELQ YRQ GHU (UGH© VDJWH 5LN XQEHNPPHUW ª0LFK EHVLW]W HU QLFKW© $EHO UDXQWH )LIH ]X ª,FK JODXEH QLFKW GD PDQ HLQHP HUZDFKVHQHQ )ORULQLHU HLQH VROFKH $UW GHU 9HUWHLGLJXQJ HLQWULFKWHUQ NDQQ© ª$XFK QLFKW PLW GHU *HKLUQVRQGH"© HUZLGHUWH )LIH ]RUQLJ $EHO ZDQGWH VLFK ZLHGHU DQ 5LN ª.HQQHQ 6LH GLHVHQ +HUUQ"© ª1HLQ© ª'LHV LVW 'RNWRU 6HOLP -XQ] (U LVW HLQ KRKHU %HDPWHU GHV ,QWHUVWHOODUHQ5DXPDQDO\WLVFKHQ%URV© 5LN VDK LKQ DXIPHUNVDP DQ ª'DQQ ZlUH HU HLQHU PHLQHU 9RUJHVHW]WHQ$EHULFKNHQQHLKQQLFKW2GHUYLHOOHLFKWHULQQHUHLFK PLFKQLFKWPHKUDQLKQ© -XQ] VFKWWHOWH YHUGULHOLFK GHQ .RSI ª,FK KDEH LKQ QLH JHVHKHQ $EHO©ª'DVLVWHWZDVIUV3URWRNROO©PXUPHOWH)LIH ª1XQ K|UHQ 6LH ]X 5LN© VDJWH $EHO ª,FK ZHUGH ,KQHQ MHW]W HLQH *HVFKLFKWHHU]lKOHQ,FKP|FKWHGD6LHDXIPHUNVDP]XK|UHQXQG QDFKGHQNHQ QDFKGHQNHQ XQG QDFKGHQNHQ 9HUVWHKHQ 6LH PLFK"© 5LNQLFNWH $EHO VSUDFK ODQJVDP 8QG ZlKUHQG HU VSUDFK VFKOR 5LN GLH $XJHQ 6HLQH )lXVWH EDOOWHQ VLFK YRU GHU %UXVW XQG VHLQ .RSI EHXJWH VLFK QDFK YRUQ (U VDK DXV ZLH HLQ 0DQQ LP 6WDUUNUDPSI $EHO UROOWH GLH (UHLJQLVVH YRQ EHLGHQ 6HLWHQ KHU DXI ZLH HV ZlKUHQG GHU LQWHUNRQWLQHQWDOHQ .RQIHUHQ] GHU *URKHUU YRQ )LIH JHWDQ KDWWH (U VSUDFK EHU GLH .DWVWURSKHQPHOGXQJ GHV 5DXPDQDO\WLNHUV XQG ZLH VLH DEJHIDQJHQ ZXUGH EHU GDV =XVDPPHQWUHIIHQ ]ZLVFKHQ 5LN XQG ; EHU GLH *HKLUQVRQGH (U VSUDFKGDUEHUZLH5LNDXI)ORULQDJHIXQGHQZXUGHEHUGHQ$U]W

GHU GLH 'LDJQRVH JHVWHOOW KDWWH XQG GDQQ VWDUE XQG EHU 5LNV ZLHGHUNHKUHQGHV*HGlFKWQLV ª'DVLVWGLHJDQ]H*HVFKLFKWH5LN©VDJWHHUª,FKKDEH,KQHQDOOHV HU]lKOW.RPPW,KQHQLUJHQGHWZDVEHNDQQWYRU"© ª$Q GLH OHW]WHQ 7HLOH HULQQHUH LFK PLFK© VDJWH 5LN ODQJVDP ªDQ GLHOHW]WHQSDDU7DJH,FKHULQQHUHPLFKDXFKDQGHQ $U]W$EHUHV LVW DOOHV VHKU YHUVFKZRPPHQ© ª(ULQQHUQ 6LH VLFK DXFK DQ ZHLWHU ]XUFNOLHJHQGH 'LQJH"© IUDJWH $EHO ª(ULQQHUQ 6LH VLFK DQ GLH *HIDKU IU )ORULQD"© ª-D MD 'DV ZDU GDV HUVWH DQ ZDV LFK PLFK HULQQHUWH© ª8QG ZDV GDQDFK JHVFKDK ZLVVHQ 6LH QLFKW PHKU" 6LH ODQGHWHQ DXI 6DUN XQG WUDIHQ HLQHQ 0DQQ© ª,FK NDQQ QLFKW© VW|KQWH 5LN ª,FK NDQQ PLFK QLFKW HULQQHUQ© ª9HUVXFKHQ 6LH HV YHUVXFKHQ 6LH© 5LN EOLFNWH DXI 6HLQ ZHLHV *HVLFKW ZDU QD YRU $QVWUHQJXQJ ª0LU IlOOW HLQ :RUW HLQ© ª:DV IU HLQ :RUW 5LN"© ª(V HUJLEW NHLQHQ 6LQQ© ª6DJHQ 6LH V WURW]GHP© ª(V KlQJW ]XVDPPHQ PLW HLQHP 7LVFK ,FK VD DQ HLQHP 7LVFK ,FK JODXEH MHPDQGVDPLUJHJHQEHU'DQQVWDQGHUDXIWUDWDXIPLFK]XXQG VFKDXWHDXIPLFKKHUDE8QGGDLVWHLQ:RUW©ª:DVIUHLQ :RUW"© IUDJWH $EHO JHGXOGLJ 5LN EDOOWH GLH )lXVWH XQG IOVWHUWH ª)LIH© $OOHDXHU)LIHVSUDQJHQDXI6WHHQNUHLVFKWHª,FKKDE VMDJHVDJW© XQGEUDFKLQHLQKHOOHV*HJDFNHUDXV

'LH$QNOlJHULQ )LIHVDJWHPLWHU]ZXQJHQHU6HOEVWEHKHUUVFKXQJª:LUZROOHQGLHVH .RP|GLHEHHQGHQ© (UKDWWHPLWDXVGUXFNVORVHP*HVLFKWJHZDUWHWELVVLFKGLHDQGHUHQ /XIW JHPDFKW XQG ZLHGHU JHVHW]W KDWWHQ 5LN KLHOW QRFK LPPHU GLH $XJHQ JHVFKORVVHQ XQG IRUVFKWH LQ VHLQHP *HGlFKWQLV 9DORQD VWULFKLKPVDQIWEHUGLH:DQJH ª:DUXP EH]HLFKQHQ 6LH GLHV DOV HLQH .RP|GLH"© IUDJWH $EHO VWUHQJ ª,VW HV GDV YLHOOHLFKW QLFKW"© VDJWH )LIH ª,FK KDEH GLHVHU .RQIHUHQ] ]XJHVWLPPW ZHLO 6LH PLFK LQ HLQHU JHZLVVHQ $QJHOHJHQKHLW EHGURKWHQ ,FK KlWWH MHGRFK XQWHU DOOHQ 8PVWlQGHQ DEJHOHKQW ZHQQ LFK JHDKQW KlWWH GD DXV GHU .RQIHUHQ] HLQH *HULFKWVYHUKDQGOXQJ ZLUG EHL GHU $EWUQQLJH XQG 0|UGHU DOV .OlJHUJHJHQPLFKDXIWUHWHQ© $EHO KRE GLH %UDXHQ XQG VDJWH NKO ª'DV LVW NHLQ *HULFKW *URKHUU 'U -XQ] LVW KLHU XP GLH 3HUVRQ HLQHV $QJHK|ULJHQGHV ,5% ]X LGHQWLIL]LHUHQ ZLH HV VHLQ 5HFKW XQG VHLQH 3IOLFKW LVW ,FK ELQ KLHU XP GLH ,QWHUHVVHQ 7UDQWRUV LQ HLQHU VFKZLHULJHQ =HLW ]X

VFKW]HQ ,FK KDEH QLFKW GHQ JHULQJVWHQ =ZHLIHO GDUDQ GD GLHVHU 0DQQ 5LN GHU YHUPLWH 5DXPDQDO\WLNHU LVW :LU N|QQHQ GLHVHQ 7HLOGHU.RQIHUHQ]VRIRUWEHHQGHQZHQQ6LHEHUHLWVLQGGHQ0DQQ DQ -XQ] DXV]XOLHIHUQ GDPLW VHLQH ,GHQWLWlW QDFKJHSUIW ZHUGHQ NDQQ :LU ZUGHQ QDWUOLFK DXFK ZHLWHUKLQ ,KUH +LOIH HUELWWHQ XP GHQ6FKXOGLJHQ]XILQGHQGHUGLH*HKLUQVRQGHEHQXW]WKDWXQGXP 9RUNHKUXQJHQ ]X WUHIIHQ GDPLW VLFK HLQ VROFKHU $NW JHJHQ HLQH LQWHUVWHOODUH ,QVWLWXWLRQ GLH VLFK XQDEKlQJLJ YRQ UHJLRQDOHQ SROLWLVFKHQ %LQGXQJHQ JHKDOWHQ KDW QLFKW ZLHGHUKROW© ª*DQ] JXWH $QVSUDFKH© VDJWH )LIH ª$EHU GDV 'XUFKVLFKWLJH OHLEW QXQ HLQPDO GXUFKVLFKWLJXQG,KUH3OlQHVLQGHVLQKRKHP0D:DVJHVFKLHKW ZHQQ LFK GLHVHQ 0DQQ DXVOLHIHUH" ,FK JODXEH NDXP GD HV GHP ,5% JHOLQJW JHQDX GDV KHUDXV]XILQGHQ ZDV HV KHUDXVILQGHQ P|FKWH (V QLPPW ]ZDU IU VLFK LQ $QVSUXFK HLQH LQWHUVWHOODUH ,QVWLWXWLRQ RKQH UHJLRQDOH %LQGXQJHQ ]X VHLQ $EHU HV LVW HLQH 7DWVDFKH GD 7UDQWRU ]ZHL 'ULWWHO ]X VHLQHP MlKUOLFKHQ %XGJHW EHLWUlJW ,FK ]ZHLIOH GDUDQ GD KHXWH LUJHQGHLQ REMHNWLYHU %HREDFKWHU GDV ,5% IU ZLUNOLFK QHXWUDO KlOW 6HLQH (QWKOOXQJHQ EHU GLHVHQ 0DQQ ZHUGHQ ]ZHLIHOORV GHQ LPSHULDOLVWLVFKHQ ,QWHUHVVHQ7UDQWRUVGLHQHQ 8QG ZLH ZHUGHQ GLHVH (QWKOOXQJHQ DXVVHKHQ" $XFK GDV LVW HLQOHXFKWHQG 'DV *HGlFKWQLV GHV 0DQQHV ZLUG ODQJVDP ]XUFNNHKUHQ 'DV ,5% ZLUG WlJOLFK %XOOHWLQV YHU|IIHQWOLFKHQ 'HU 0DQQ ZLUG VLFK DQ LPPHU PHKU (LQ]HOKHLWHQ HULQQHUQ =XHUVW DQ PHLQHQ1DPHQGDQQDQPHLQbXHUHVGDQQDQPHLQH:RUWH0DQ ZLUG PLFK DOOHQ (UQVWHV IU VFKXOGLJ HUNOlUHQ 0DQ ZLUG :LHGHUJXWPDFKXQJ YHUODQJHQ XQG 7UDQWRU ZLUG VLFK JHQ|WLJW VHKHQ 6DUN YRUEHUJHKHQG ]X EHVHW]HQ XQG DXV GLHVHU %HVHW]XQJ ZLUGHLQ'DXHU]XVWDQG (V JLEW *UHQ]HQ EHL GHQHQ GLH (USUHVVXQJ DXIK|UW ,KUH +HUU %RWVFKDIWHU K|UW KLHU DXI :HQQ 6LH GLHVHQ 0DQQ KDEHQ ZROOHQ PX7UDQWRUHLQH)ORWWHVFKLFNHQ© ª9RQ*HZDOWLVWNHLQH5HGH©VDJWH$EHOª'HQQRFKVWHOOHLFKIHVW GD 6LH PLW NHLQHP :RUW GLH )ROJHUXQJ GHVVHQ JHOHXJQHW KDEHQ ZDVGHU5DXPDQDO\WLNHU]XOHW]WJHlXHUWKDW© ª(V JLEW NHLQH )ROJHUXQJ GLH LFK GXUFK HLQ 'HPHQWL ]X EHHKUHQ EUDXFKH (U HULQQHUW VLFK DQ HLQ :RUW RGHU HU EHKDXSWHW HV 1XQ XQG"© ª%HGHXWHW HV QLFKWV GD HU VLFK DQ ,KUHQ 1DPHQ HULQQHUW"© ªhEHUKDXSW QLFKWV 'HU 1DPH )LIH LVW HLQ EHNDQQWHU 1DPH DXI 6DUN 6HOEVW ZHQQ ZLU DQQHKPHQ GD GHU VRJHQDQQWH 5DXPDQDO\WLNHU HKUOLFK LVW GDQQ KDWWH HU DXI )ORULQD HLQ -DKU ODQJ =HLWPHLQHQ1DPHQ]XK|UHQ(UNDPPLWHLQHP6FKLIIQDFK6DUN LQ GHP PHLQH 7RFKWHU IXKU HLQH QRFK EHVVHUH *HOHJHQKHLW GHQ

1DPHQ)LIH]XK|UHQ:DVLVWQDWUOLFKHUDOVGDGLHVHU1DPHVLFK LQ VHLQHP *HGlFKWQLV IHVWVHW]WH" $EHU QDWUOLFK LVW HU ZDKUVFKHLQOLFK QLFKW DXIULFKWLJ 'LH 6WFNIU6WFN(QWKOOXQJHQ GLHVHV0DQQHVN|QQHQLKPHLQJHWULFKWHUWZRUGHQVHLQ© $EHO VFKZLHJ (U EOLFNWH GLH DQGHUHQ DQ -XQ] UXQ]HOWH ILQVWHU GLH 6WLUQ 'LH )LQJHU VHLQHU UHFKWHQ +DQG NQHWHWHQ VHLQ .LQQ 6WHHQ OlFKHOWH HLQIlOWLJ XQG PXUPHOWH YRU VLFK KLQ 7HUHQV VWDUUWH DXI VHLQH.QLH(VZDU5LNGHUVSUDFK(UVWDQGDXI ª+|UHQ 6LH© VDJWH HU 6HLQ EODVVHV *HVLFKW ZDU YHU]HUUW ª(LQH ZHLWHUH(QWKOOXQJQHKPHLFKDQ©VDJWH)LIH ª+|UHQ6LH]X©VDJWH5LNª:LUVDHQDQHLQHP7LVFK,P7HHZDU HLQH'URJH:LUKDWWHQXQVJHVWULWWHQ,FKHULQQHUHPLFKQLFKWPHKU ZHVKDOE 'DQQ NRQQWH LFK PLFK SO|W]OLFK QLFKW PHKU EHZHJHQ ,FK NRQQWH QLFKW PHKU VSUHFKHQ ,FK NRQQWH QXU QRFK GHQNHQ *URHU :HOWUDXPHU KDWPLFK EHWlXEW,FKZROOWHVFKUHLHQXQGEUOOHQXQG ODXIHQ DEHU LFK NRQQWH QLFKW 'DQQ NDP HU )LIH (U KDWWH PLFK DQJHVFKULHQDEHUMHW]WVFKULHHUQLFKWPHKU(UEUDXFKWHHVQLFKW]X WXQ (U NDP XP GHQ 7LVFK 'DQQ VWDQG HU KRFKDXIJHULFKWHW QHEHQ PLU,FKNRQQWHQLFKWVVDJHQ,FKNRQQWHQLFKWVWXQ,FKNRQQWHQXU YHUVXFKHQ]XLKPDXI]XEOLFNHQ©5LNVFKZLHJ ª8QGGLHVHUDQGHUH0DQQZDU)LIH"©IUDJWH6HOLP-XQ] ª,FKHULQQHUHPLFKGDUDQGDVHLQ1DPH)LIHZDU© ª1XQZDUHVGLHVHU0DQQ"© 5LNZDQGWHVLFKQLFKWXPª,FKZHLQLFKWPHKUZLHHUDXVVDK© ª6LQG6LHVLFKHU"© ª,FK KDEH HV YHUVXFKW 6LH ZLVVHQ QLFKW ZLH VFKZHU HV LVW (V WXW ZHK (V LVW ZLH HLQH JOKHQG KHLH 1DGHO WLHI GULQQHQ© (U OHJWH GLH+lQGHDQGLH6WLUQ ª,FK ZHL GD HV VFKZHU LVW© VDJWH -XQ] EHVlQIWLJHQG ª$EHU 6LH PVVHQ HV YHUVXFKHQ 6FKDXHQ 6LH GHQ 0DQQ DQ 'UHKHQ 6LH VLFK XPXQGVFKDXHQ6LHLKQDQ© 5LNVWDUUWHHLQHQ$XJHQEOLFNGHQ*URKHUUQYRQ)LIHDQª(ULQQHUQ 6LHVLFKMHW]W"©IUDJWH-XQ] ª1HLQ1HLQ© )LIH OlFKHOWH ª+DW ,KU 0DQQ VHLQH $QZHLVXQJHQ YHUJHVVHQ" 2GHU ZLUG GLH *HVFKLFKWH JODXEKDIWHU NOLQJHQ ZHQQ HU VLFK HUVW GDV QlFKVWHVPDODQPHLQ*HVLFKWHULQQHUW"© ª,FK KDEH GLHVHQ 0DQQ QRFK QLH JHVHKHQ XQG QRFK QLH PLW LKP JHVSURFKHQ© VDJWH -XQ] DXIJHEUDFKW ª(V VLQG NHLQHUOHL $EPDFKXQJHQ JHWURIIHQ ZRUGHQ JHJHQ 6LH ]X LQWULJLHUHQ XQG LFK ELQ ,KUHU $QVFKXOGLJXQJHQ LQ GLHVHU %H]LHKXQJ PGH (V NRPPW PLUQXUDXIGLH:DKUKHLWDQ© ª(UODXEHQ 6LH GDQQ GD LFK HLQLJH )UDJHQ DQ LKQ VWHOOH"© ª%LWWH VHKU© ª'DQNH 1XQ 5LN RGHU ZLH GX KHLHQ PDJVW© (U VSUDFK

ZLH LQ *URKHUU PLW HLQHP )ORULQLHU VSULFKW 5LN EOLFNWH DXI ª-D +HUU"© ª'X HULQQHUVW GLFK DQ HLQHQ 0DQQ GHU YRQ GHU DQGHUHQ 6HLWH GHV 7LVFKHV DXI GLFK ]XNDP DOV GX EHWlXEW XQG KLOIORV GDVDHVW©ª-D+HUU©ª'DVOHW]WHDQGDV GXGLFKHULQQHUVWLVWGD GHU 0DQQ DXI GLFK KHUDEEOLFNWH"© ª-D +HUU© ª'X KDVW ]X LKP DXIJHEOLFNW RGHU HV YHUVXFKW"© ª-D +HUU© ª6HW] GLFK© 5LN WDW HV (LQHQ $XJHQEOLFN VD )LIH UHJXQJVORV GD 6HLQ OLSSHQORVHU 0XQG ZXUGH QRFK VFKPDOHU 6HLQH .LHIHUQPXVNHOQ XQWHU GHP EODXVFKZDU]HQ %DUW VSDQQWHQ VLFK 'DQQ JOLWW HU YRQ VHLQHP 6WXKO KHUDE(UJOLWWKHUDE(VVDKDXVDOVVHLHUKLQWHUGHP7LVFKDXIGLH .QLH JHJDQJHQ 'RFK )LIH WUDW KLQWHU GHP 7LVFK KHUYRU XQG PDQ VDKGHXWOLFKGDHUVWDQG -XQ] ZDU IDVVXQJVORV 'HU VWDWXHQKDIWH XQG IXUFKWHLQIO|HQGH 0DQQ KDWWH VLFK RKQH 9RUEHUHLWXQJ LQ HLQHQ EHPLWOHLGHQVZHUWHQ =ZHUJYHUZDQGHOW )LIHVPLJHELOGHWH%HLQHEHZHJWHQVLFKXQWHUJU|WHU$QVWUHQJXQJ XQGVFKOHSSWHQXQEHKROIHQGHQPDVVLJHQ5XPSIYRUZlUWV )LIH HUU|WHWH DEHU VHLQH $XJHQ EHKLHOWHQ XQYHUPLQGHUW LKUHQ DUURJDQWHQ%OLFNEHL6WHHQEUDFKLQHLQZLOGHV*HNLFKHUDXVGDVHU VRIRUWDEEUDFKDOVVLFKGLHVH$XJHQDXILKQULFKWHWHQ'LHDQGHUHQ VDHQLQVWXPPHU)DV]LQDWLRQ 5LNEHREDFKWHWHPLWJURHQ$XJHQZLH)LIHVLFKQlKHUWHª:DULFK GHU0DQQGHUXPGHQ7LVFKKHUXPDXIGLFK]XNDP"© ª,FKNDQQPLFKQLFKWDQVHLQ*HVLFKWHULQQHUQ+HUU© ª'X VROOVW GLFK QLFKW DQ VHLQ *HVLFKW HULQQHUQ .DQQVW GX GLHVHQ $QEOLFN YHUJHVVHQ KDEHQ" 0HLQH (UVFKHLQXQJ" 0HLQHQ *DQJ"© 5LN VDJWH XQJOFNOLFK ª(LJHQWOLFK QLFKW $EHU LFK ZHL HV QLFKW© ª$EHU GX KDVW JHVHVVHQ XQG HU VWDQG 8QG GX KDVW ]X LKP DXIJHEOLFNW"© ª-D +HUU© ª8QG HU KDW DXI GLFK KHUDEJHVFKDXW"© ª-D+HUU© ª'DUDQ HULQQHUVW GX GLFK ZHQLJVWHQV %LVW GX GHVVHQ VLFKHU"© ª-D +HUU© ª6FKDXH LFK DXI GLFK KHUDE"© ª1HLQ +HUU© ª6WHKH LFK !KRFKDXIJHULFKWHW QHEHQ GLU"© ª1HLQ +HUU© ª6FKDXVW GX ]X PLU DXI"© 5LN GHU VD XQG )LIH GHU VWDQG ELOGHWHQ HLQDQGHU DXV JOHLFKHU+|KHLQGLH$XJHQ ª1HLQ +HUU© ª.DQQ LFK GHU 0DQQ JHZHVHQ VHLQ"© ª1HLQ +HUU© ª%LVWGXVLFKHU"©ª-D+HUU©ª6DJVWGXLPPHUQRFKGHU1DPHDQ GHQ GX GLFK HULQQHUVW VHL )LIH"© ª,FK HULQQHUH PLFK DQ GHQ 1DPHQ© VDJWH 5LN ª:HU ZDU HV GDQQ GHU PHLQHQ 1DPHQ PLEUDXFKW KDW"© )LIH TXlOWH VLFK PLW JURWHVNHU :UGH ]XP 7LVFK ]XUFNXQGNOHWWHUWHDXIVHLQHQ6WXKOª6HLWLFKHUZDFKVHQELQKDEH LFK QLHPDQGHP HUODXEW PLFK VWHKHQ ]X VHKHQ *LEW HV QRFK LUJHQGHLQHQ*UXQGGLHVH.RQIHUHQ]IRUW]XVHW]HQ"©

$EHOZDU]XJOHLFKYHUOHJHQXQGYHUGURVVHQ%LVMHW]WKDWWH VLFKGLH .RQIHUHQ] DOV )HKOVFKODJ HUZLHVHQ $OOH 6FKVVH ZDUHQ QDFK KLQWHQ ORVJHJDQJHQ 3XQNW XP 3XQNW ZDU HV )LIH JHOXQJHQ VLFK VHOEVW LQV 5HFKW ]X VHW]HQ XQG GLH DQGHUHQ LQV 8QUHFKW (U KDWWH VLFK PLW (UIROJ DOV 0lUW\UHU SUlVHQWLHUW (U ZDU YRQ 7UDQWRU GXUFK HLQH (USUHVVXQJ ]XU .RQIHUHQ] JH]ZXQJHQ XQG ]XP 2SIHU HLQHU IDOVFKHQ$QNODJHJHPDFKWZRUGHQ )LIHZUGHGDIUVRUJHQGDVHLQH,QWHUSUHWDWLRQGHU.RQIHUHQ]LQ GHU JDQ]HQ 0LOFKVWUDH YHUEUHLWHW ZXUGH XQG HU PXWH VLFK QLFKW HLQPDO VHKU ZHLW YRQ GHU :DKUKHLW HQWIHUQHQ XP HLQH DXVJH]HLFKQHWHDQWLWUDQWRULQLVFKH3URSDJDQGDGDUDXV]XPDFKHQ 'HU 5DXPDQDO\WLNHU ZlUH IU 7UDQWRU QXQ QLFKW PHKU YRQ 1XW]HQ -HGH !(ULQQHUXQJ GLH LKP KLHUQDFK QRFK HLQILHOH ZUGH OlFKHUOLFK JHPDFKW ZHUGHQ ZLH ZDKU VLH DXFK VHLQ PRFKWH 0DQ ZUGH LKQ DOV HLQ ,QVWUXPHQW GHV WUDQWRULQLVFKHQ ,PSHULDOLVPXV EHWUDFKWHQ'RFKQXQ VSUDFK-XQ]ª0LUVFKHLQWHVJLEWHLQHQVHKU JXWHQ *UXQG GLH .RQIHUHQ] QRFK QLFKW ]X EHHQGHQ :LU PVVHQ KHUDXVILQGHQ ZHU GLH *HKLUQVRQGH EHQXW]W KDW 6LH KDEHQ GHQ *URKHUUQ YRQ 6WHHQ EHVFKXOGLJW XQG 6WHHQ EHVFKXOGLJW 6LH $QJHQRPPHQ6LHVLQGEHLGHXQVFKXOGLJZHUZDUHVGDQQ"© ª6SLHOW GDV IU 6LH HLQH 5ROOH"© IUDJWH )LIH ª'LH $QJHOHJHQKHLW ZlUH RKQH GLH (LQPLVFKXQJ 7UDQWRUV XQG GHV ,5% LQ GLHVHP $XJHQEOLFNEHUHLWVJHUHJHOW,FKZHUGHGHQ9HUUlWHUILQGHQ'DGHU 7lWHU ZHU HV DXFK VHLQ PDJ XUVSUQJOLFK GLH $EVLFKW KDWWH GDV 0RQRSROGHV.\UWKDQGHOVPLW*HZDOWDQVLFK]XUHLHQELQLFKGHU OHW]WH GHU LKQ ODXIHQ OLHH6REDOGHUJHIXQGHQXQGDEJHXUWHLOW LVW ZLUG ,KU 0DQQ XQYHUVHKUW DQ 6LH DXVJHOLHIHUW ZHUGHQ 'DV LVW GDV HLQ]LJH $QJHERW GDV LFK ,KQHQ PDFKHQ NDQQ XQG HV LVW HLQ VHKU YHUQQIWLJHV© ª:DV ZHUGHQ 6LH PLW GHP 0DQQ WXQ GHU GLH *HKLUQVRQGHEHQXW]WH"© ª'DV LVW HLQH UHLQ LQWHUQH $QJHOHJHQKHLW GLH 6LH QLFKWV DQJHKW© ª'RFK© VDJWH -XQ] HQHUJLVFK ª(V KDQGHOW VLFK KLHU QLFKW QXU XP GHQ 5DXPDQDO\WLNHU (V KDQGHOW VLFK XP HLQH $QJHOHJHQKHLW YRQ JU|HUHU 7UDJZHLWH XQG LFK ELQ EHUUDVFKW GD HV QRFK QLFKW HUZlKQW ZXUGH 'LHVHU 0DQQ ZXUGH QLFKW HLQIDFK GHVKDOE PLW GHU 6RQGH EHKDQGHOW ZHLO HU 5DXPDQDO\WLNHU ZDU© $EHO ZDU QLFKW VLFKHUZRUDXI-XQ]KLQDXVZROOWH$EHUHUZDUIVHLQH6WLPPHLQGLH :DDJVFKDOH ª'RNWRU -XQ] EH]LHKW VLFK DXI GLH .DWDVWURSKHQPHOGXQJGHV5DXPDQDO\WLNHUV© )LIH]XFNWHGLH$FKVHOQª6RYLHOLFKZHLKDWLKUELVMHW]WQLHPDQG GLH JHULQJVWH %HGHXWXQJ EHLJHPHVVHQ DXFK -XQ] QLFKW $EHU ,KU 0DQQ LVW KLHU 'RNWRU )UDJHQ 6LH LKQ ZDV HV GDPLWDXIVLFKKDW© ª1DWUOLFK ZLUG HU VLFK QLFKW DQ (LQ]HOKHLWHQ HULQQHUQ© HUZLGHUWH -XQ] lUJHUOLFK ª'LH *HKLUQVRQGH ZLUNW VLFK KDXSWVlFKOLFK DXI GLH

JHLVWLJHQ%HUHLFKHGHV*HKLUQVDXV'HU0DQQZLUGZDKUVFKHLQOLFK VHLQH IUKHUHQ .HQQWQLVVH QLH JDQ] ZLHGHUHUODQJHQ $EHU HV JLEW QRFK MHPDQGHQ GHU GDUEHU %HVFKHLG ZLVVHQ PX XQGGDVLVWGHU 0DQQ PLW GHU *HKLUQVRQGH (U PDJ VHOEVW YLHOOHLFKW NHLQ 5DXPDQDO\WLNHU VHLQ XQG GLH JHQDXHQ 'HWDLOV NHQQHQ $EHU HU KDW PLW 5LN JHVSURFKHQ DOV GHVVHQ *HLVW QRFK LQWDNW ZDU 8QG HU KDW ZDKUVFKHLQOLFK JHQXJ HUIDKUHQ XP XQV DXI GLH ULFKWLJH )lKUWH ]X EULQJHQ6RQVWKlWWHHUHVQLFKWJHZDJWVHLQH,QIRUPDWLRQVTXHOOH]X ]HUVW|UHQ 7URW]GHPZLOO LFK5LNGHU)RUPKDOEHUIUDJHQ(ULQQHUQ 6LHVLFKDQHWZDV5LN"© ª,FK ZHL QXU QRFK GD GLH *HIDKU PLW GHQ 6WU|PHQ LP 5DXP ]XVDPPHQKLQJ© PXUPHOWH 5LN ª6HOEVW ZHQQ 6LH HV KHUDXVILQGHQ ZUGHQZDVQW]WHV,KQHQ"©XQWHUEUDFK)LIH ª:LH YHUOlOLFK VLQG GHQQ DOOH GLH HUVFKUHFNHQGHQ 7KHRULHQ GLH NUDQNH5DXPDQDO\WLNHUIRUWZlKUHQGYHUEUHLWHQ" 9LHOH YRQ LKQHQ JODXEHQ VLH NHQQWHQ GLH *HKHLPQLVVH GHV 8QLYHUVXPV ZlKUHQG VLH LQ :LUNOLFKNHLW VR NUDQN VLQG GD VLH NDXPLKUH,QVWUXPHQWHNRQWUROOLHUHQN|QQHQ© ª+DEHQ6LHHWZDVGDJHJHQZHQQLFKHVGHQQRFKEHUSUIH"©ª,FK ELQ GDJHJHQ GD 6LH *HUFKWH LQ GLH :HOW VHW]HQ GLH GHQ .\UWKDQGHOEHHLQWUlFKWLJHQ6WLPPHQ6LHPLUQLFKW]X$EHO"© $EHO ZDQG VLFK LQQHUOLFK )LIH PDQ|YULHUWH LKQ LQ HLQH /DJH DXIJUXQG GHUHU MHGH 8QWHUEUHFKXQJ LQ GHU .\UWOLHIHUXQJ GHU WUDQWRULQLVFKHQ (LQPLVFKXQJ ]XJHVFKULHEHQ ZHUGHQ NRQQWH 'RFK $EHOZDUHLQJXWHU6SLHOHU(UHUK|KWHGHQ(LQVDW] ª1HLQ© VDJWH HU ª,FK VFKODJH YRU ZLU K|UHQ 'U -XQ] DQ© ª'DQNH© VDJWH -XQ] ª6LH *URKHUU YRQ )LIH VDJWHQ GD GHU 0DQQ GHU GLH *HKLUQVRQGH EHQXW]WH DXFK GHQ $U]W JHW|WHW KDEHQ PX GHU 5LN XQWHUVXFKW KDW 'DUDXV NDQQ PDQ VFKOLHHQ GD HU 5LN ZlKUHQG VHLQHV $XIHQWKDOWHV DXI )ORULQD EHREDFKWHW KDW© ª8QG"© ª(V PX 6SXUHQ GLHVHU %HREDFKWXQJ JHEHQ© ª6LH JODXEHQ GLHVH (LQJHERUHQHQ ZUGHQ ZLVVHQ ZHU VLH EHREDFKWHW KDW"©ª:DUXPQLFKW"©ª6LH]LHKHQIDOVFKH6FKOVVHZHLO6LHNHLQ 6DUNLWVLQG©VDJWH)LIHª'LH)ORULQLHUKDEHQ]X%RGHQ]XEOLFNHQ ZHQQHLQ*URKHUULQGHU1lKHLVWXQGVLHVLQGNOXJJHQXJGLHV]X WXQ .HLQ (LQJHERUHQHU ZUGH HV PHUNHQ ZHQQ PDQ LKQ EHREDFKWHWH© -XQ] JDE VLFK NHLQH 0KH VHLQH 9HUDFKWXQJ ]X YHUEHUJHQ ,Q GHQ 6DUNLWHQ ZDU GHU 'HVSRWLVPXV GHUDUW YHUZXU]HOW GD VLH NHLQHQ *UXQG ]XU 6FKDP GDULQ VDKHQ ZHQQ VLH RIIHQ GDUEHU VSUDFKHQ ª%HL JHZ|KQOLFKHQ )ORULQLHUQ WULIIW GLHV YLHOOHLFKW ]X© VDJWH HU ª$EHU ZLU KDEHQ KLHU JODXEH LFK HLQHQ )ORULQLHU GHU ]LHPOLFK GHXWOLFKJH]HLJWKDWGDHUNHLQXQWHUZUILJHU(LQJHERUHQHULVW(U KDW ELV MHW]W QLFKWV ]XU 'LVNXVVLRQ EHLJHWUDJHQ XQG HV LVW =HLW

HLQLJH)UDJHQDQLKQ]XVWHOOHQ© ª'LH$XVVDJHQGLHVHV(LQJHERUHQHQVLQGZHUWORV©VDJWH)LIHª,FK YHUODQJH QRFK HLQPDO YRQ 7UDQWRU GD HV LKQ GHU 9HUXUWHLOXQJ GXUFKGLH*HULFKWHYRQ6DUNEHUOlW©ª,FKJODXEHHVZLUGQLFKWV VFKDGHQ ZHQQ ZLU HLQLJH )UDJHQ DQ LKQ VWHOOHQ )LIH© VDJWH $EHO ª:HQQHUVLFKDOVZLGHUVSHQVWLJRGHUXQYHUOlOLFKHUZHLVWN|QQHQ ZLU ,KU (UVXFKHQ DXI $XVOLHIHUXQJ HUZlJHQ© 7HUHQV GHU ELV MHW]W JOHLFKPWLJ DXI VHLQH JHIDOWHWHQ +lQGH JHVWDUUW KDWWH EOLFNWH NXU] DXI-XQ]ZDQGWHVLFKDQ7HUHQVª5LNKDWLQ,KUHP2UWJHOHEWVHLW HUDXI)ORULQDJHIXQGHQZXUGHQLFKWZDKU"©ª-D©ª8QG6LHZDUHQ GLH JDQ]H =HLW LQ ,KUHP %HWULHE" ,FK PHLQH 6LH ZDUHQ QLFKW DXI DXVJHGHKQWHQ'LHQVWUHLVHQ"© ª2UWVYHUZDOWHU PDFKHQ NHLQH 'LHQVWUHLVHQ 6LH KDEHQ JHQXJ LQ LKUHP HLJHQHQ 2UW ]X WXQ© ª6FK|Q QXQ ZHUGHQ 6LH QLFKW JOHLFK HPSILQGOLFK 6LH ZUGHQ DOV 2UWVYHUZDOWHU EHLVSLHOVZHLVH ZLVVHQ ZHQQHLQ*URKHUU,KUHQ%H]LUNDXIVXFKW"©ª1DWUOLFK© ª8QGZDUGLHVGHU)DOO"© 7HUHQV]XFNWHGLH$FKVHOQª(LQ RGHU]ZHLPDO5HLQH5RXWLQHLFK YHUVLFKHUHHV,KQHQ*URKHUUHQEHVFKPXW]HQLKUH+lQGHQLFKWPLW .\UW,FKPHLQHPLWXQYHUDUEHLWHWHP.\UW© ª5HVSHNW %XUVFKH© U|KUWH )LIH 7HUHQV EOLFNWH LKQ DQ XQG VDJWH ª6SUHFKHQ 6LH PLW PLU"© $EHO XQWHUEUDFK ªhEHUODVVHQ 6LH ELWWH GLHVHV *HVSUlFK GHP 2UWVYHUZDOWHU XQG 'U -XQ] )LIH :LU EHLGH VLQG QXU =HXJHQ© -XQ] NRQQWH VHLQ (UJ|W]HQ EHU GLH 8QYHUVFKlPWKHLW GHV 2UWVYHUZDOWHUVNDXPXQWHUGUFNHQ7URW]GHP VDJWH HU ª%HDQWZRUWHQ 6LH ELWWH PHLQH )UDJHQ RKQH .RPPHQWDUH 1XQ :HU ZDUHQ GLH *URKHUUHQ GLH ,KUHQ 2UW LP YHUJDQJHQHQ -DKUEHVXFKWKDEHQ"© ª:LH NDQQ LFKGDVZLVVHQ"©VDJWH7HUHQVZWHQGª,FKNDQQ GLHVH )UDJH QLFKW EHDQWZRUWHQ *URKHUUHQ VLQG *URKHUUHQ XQG (LQJHERUHQH VLQG (LQJHERUHQH ,FK PDJ HLQ 2UWVYHUZDOWHU VHLQ DEHU IU VLH ELQ LFK WURW]GHP HLQ (LQJHERUHQHU ,FK EHJUH VLH QLFKWDQGHQ7RUHQGHU6WDGWXQGIUDJHVLHQLFKWQDFKLKUHP1DPHQ ,FK EHNRPPH HLQH 0HOGXQJ GDV LVW DOOHV 6LH LVW PLW GHP :RUW !2UWVYHUZDOWHU DGUHVVLHUW XQG EHVDJW GD DQ GHP XQG GHP 7DJ HLQH ,QVSHNWLRQ VWDWWILQGHW XQG GD LFK GLH QRWZHQGLJHQ 9RUEHUHLWXQJHQ WUHIIHQ VROO ,FK PX GDQQ GDIU VRUJHQ GD GLH )DEULNDUEHLWHU LKUH EHVWHQ .OHLGHU DQKDEHQ GD GLH )DEULN VDXEHU LVW XQG RUGQXQJVJHPl DUEHLWHW GD GHU .\UWYRUUDW DXVUHLFKW GD MHGHUPDQQ]XIULHGHQXQGJOFNOLFKDXVVLHKWGDGLH+lXVHUVDXEHU XQGGLH6WUDHQEHZDFKWVLQGGDHLQLJH7lQ]HU]XU+DQGVLQGIU GHQ)DOOGDGHU*URKHUUJHUQHLQHQDPVDQWHQ(LQJHERUHQHQWDQ] VHKHQ P|FKWH GD YLHOOHLFKW HLQLJH KEVFKH0lGFK©ª'DVVWHKW QLFKW ]XU 'HEDWWH 2UWV 9HUZDOWHU© VDJWH -XQ] ª)U 6LH VWHKW GDV

IUHLOLFK QLFKW ]XU 'HEDWWH DEHU IU PLFK© 1DFK VHLQHQ (UIDKUXQJHQ PLW GHQ )ORULQLHUQ YRP 9HUZDOWXQJVGLHQVW IDQG -XQ] GHQ2UWVYHUZDOWHUVRHUIULVFKHQGZLHHLQHQ6FKOXFNNDOWHQ:DVVHUV (UEHVFKORMHGHQHUGHQNOLFKHQ(LQIOXGHQGDV,5%KDWWHJHOWHQG ]X PDFKHQ XP GLH $XVOLHIHUXQJ GHV 2UWVYHUZDOWHUV DQ GLH *URKHUUHQ]XYHUKLQGHUQ (WZDVUXKLJHUIXKU7HUHQVIRUWª'LHVMHGHQIDOOVLVWPHLQH$XIJDEH :HQQ VLH NRPPHQ PLVFKH LFK PLFK XQWHU GLH DQGHUHQ ,FK ZHL QLFKWZHUVLHVLQG,FKVSUHFKHQLFKWPLWLKQHQ©ª)DQGHLQHVROFKH ,QVSHNWLRQLQGHU:RFKHVWDWWHKHGHU$U]WXPNDP",FKQHKPHDQ 6LH ZLVVHQ LQ ZHOFKHU :RFKH GDV JHVFKDK© ª,FK KDEH LP 1DFKULFKWHQGLHQVWGDYRQJHK|UWDEHULFKJODXEHQLFKWGD]XMHQHU =HLW HLQH ,QVSHNWLRQ VWDWWIDQG ,FK NDQQ HV MHGRFK QLFKW EHVFKZ|UHQ© ª:HP JHK|UW ,KU 2UW"© 7HUHQV JULQVWH EUHLW ª'HP *URKHUUQYRQ)LIH© 6WHHQEUDFK]LHPOLFKEHUUDVFKHQGXQGODXWLQGDV+LQXQG+HUHLQ ª'DVFKDXWDQ:LUNOLFK6HKHQ6LHQLFKW'U-XQ]GD6LHGDPLW QLFKW ZHLWHUNRPPHQ" :LUNOLFK *ODXEHQ 6LH )LIH KlWWH GLH 0KH DXIVLFKJHQRPPHQ5HLVHQQDFK)ORULQD]XXQWHUQHKPHQZHQQHU GLHVHV*HVFK|SIKlWWHEHUZDFKHQZROOHQ":R]XLVWVFKOLHOLFKGLH 3ROL]HL GD" :LUNOLFK© -XQ] ZXUGH QHUY|V ª,Q HLQHP )DOO ZLH GLHVHP ZR GLH :LUWVFKDIW HLQHV 3ODQHWHQ XQG YLHOOHLFKW VHLQH ([LVWHQ] YRP *HKLUQ HLQHV HLQ]LJHQ 0HQVFKHQ DEKlQJW LVW HV QDWUOLFK GD GHU 0DQQ PLW GHU *HKLUQVRQGH GLH hEHUZDFKXQJ QLFKW GHU 3ROL]HL EHUODVVHQ NRQQWH© )LIH XQWHUEUDFK ª6HOEVW QDFKGHPHUGLHVHV*HKLUQDXVJHVFKDOWHWKDW"© -XQ] VFKRE GLH8QWHUOLSSHYRUXQGUXQ]HOWHGLH6WLUQ(UYHUVXFKWH HV ]|JHUQG QRFKHLQPDOª*DEHVLUJHQGHLQHQ3ROL]HLEHDPWHQRGHU HLQH*UXSSHYRQ3ROL]HLEHDPWHQGLHLPPHULQGHU1lKHZDUHQ"© ª'DVZHLLFKQLFKW6LHVLQGIUPLFKQXU8QLIRUPHQ© -XQ] ZDQGWH VLFK DQ 9DORQD XQG HUUHLFKWH GDPLW GD VLH YRU 6FKUHFN DXIVSUDQJ (LQHQ $XJHQEOLFN YRUKHU ZDU VLH DXIIDOOHQG ZHL JHZRUGHQ -XQ] ZDU GLHV QLFKW HQWJDQJHQ ª:DV LVW ,KQHQ"© IUDJWHHU+HLVHUIOVWHUWHVLHª,FKP|FKWHHWZDVVDJHQ© ª/RV© VDJWH -XQ] 'LH )XUFKW ZDU WLHI LQ LKU *HVLFKW HLQJHJUDEHQ ª,FK ELQ QXU HLQ%DXHUQPlGFKHQ©VDJWHVLHª%LWWHVHLHQ6LHQLFKW ]RUQLJDXIPLFK$EHUZDUPHLQ5LNZLUNOLFKVRZLFKWLJ"© ª,FK JODXEH HU ZDU VHKU VHKU ZLFKWLJ XQG LFK JODXEH HU LVW HV QRFK©VDJWH-XQ]PLOGH ª'DQQ PX HV VR VHLQ ZLH 6LH VDJWHQ 'HUMHQLJH GHU LKQ DXI )ORULQD DXVJHVHW]W KDW KlWWH HV QLFKW JHZDJW LKQ DXFK QXU HLQH 0LQXWH DXV GHQ $XJHQ ]X ODVVHQ ,FK PHLQH GHU :HUNOHLWHULQGHU )DEULNKlWWH5LNYLHOOHLFKWVFKODJHQN|QQHQRGHUGLH.LQGHUKlWWHQ 6WHLQH QDFK LKP ZHUIHQ N|QQHQ RGHU HU KlWWH NUDQN ZHUGHQ XQG

VWHUEHQN|QQHQ©6LHVSUDFKQXQVHKUIOVVLJ ª:HLWHU©VDJWH-XQ] ª(V KDW MHPDQGHQ JHJHEHQ GHU 5LN YRQ DOOHP $QIDQJ DQ EHREDFKWHWH (U VXFKWH LKQ LQ GHQ )HOGHUQ DXI ULFKWHWH HV VR HLQ GD LFK IULKQ VRUJWHKLHOW DOOH6FKZLHULJNHLWHQYRQLKPIHUQXQG ZXWHWlJOLFKZLHHVLKPJLQJ(UZXWHVRJDUDOOHVEHUGHQ$U]W ZHLOLFKHVLKPHU]lKOWKDEH©,KUH6WLPPHEHUVFKOXJVLFKXQGLKU )LQJHU GHXWHWH VSLW] DXI 0\UO\Q 7HUHQV GHQ 2UWVYHUZDOWHU ª(U ZDUHV(U©

'LH6LHJHU (V ZDU DOV KDEH VLH DOOH HLQH 6SUDFKOlKPXQJ EHIDOOHQ 6HOEVW 5LN NRQQWH QLFKWV DQGHUHV WXQ DOV PLW XQJOlXELJHQ $XJHQ ]XHUVW 9DORQDGDQQ7HUHQVDQ]XVWDUUHQ 6WHHQV*HOlFKWHUXQWHUEUDFKGLH6WLOOH ª,FK JODXEH HV© ULHI HU ª:LUNOLFK ,FK KDEH HV MD GLH JDQ]H =HLW JHVDJW,FKVDJWHGHU(LQJHERUHQHLVWYRQ)LIHEH]DKOWZRUGHQ'DV EHZHLVW YRQ QHXHP ZDV IU HLQ 0DQQ )LIH LVW (U KDW GHQ (LQJHERUHQHQEH]DKOWXP©ª'DVLVWHLQHLQIDPH/JH© (V ZDU QLFKW )LIH GHU GLHV VFKULH VRQGHUQ 7HUHQV (U ZDU DXIJHVSUXQJHQXQGVHLQH$XJHQIXQNHOWHQOHLGHQVFKDIWOLFK $EHO GHU YRQ DOOHQ DP ZHQLJVWHQ EHZHJW VFKLHQ IUDJWH ª:DV LVW HLQH /JH"© 7HUHQV VWDUUWH LKQ HLQHQ$XJHQEOLFNYHUVWlQGQLVORVDQ XQG ZUJWH GDQQ ª:DV GHU *URKHUU JHVDJW KDW ,FK ZHUGH YRQ NHLQHP 6DUNLWHQ EH]DKOW© ª8QG ZDV GDV 0lGFKHQ JHVDJW KDW" ,VW GDVDXFKHLQH/JH"©7HUHQVEHIHXFKWHWHPLWGHU=XQJHQVSLW]HGLH WURFNHQHQ /LSSHQ ª1HLQ 'DV LVW ZDKU ,FK ELQ GHU 0DQQ PLW GHU *HKLUQVRQGH© 8QG HLOLJ IXKU HU IRUW ª6FKDX PLFK QLFKW VR DQ /RQD ,FK ZROOWH LKP QLFKW ZHK WXQ ,FK ZROOWH GDV QLFKW ZDV JHVFKHKHQLVW©(UVHW]WHVLFKª'LHVLVWHLQH$UW.QLII©VDJWH)LIH ª,FKZHLQLFKWJHQDXZDV6LHGDPLWEH]ZHFNHQ$EHODEHUHVLVW XQP|JOLFK GD GLHVHU 9HUEUHFKHU JHUDGH GLHVH 7DW LQ VHLQ 5HSHUWRLUH DXIQHKPHQ NRQQWH (V VWHKW IHVW GD QXU HLQ *URHU *URKHUUGDVQRWZHQGLJH:LVVHQXQGGLH)lKLJNHLWHQJHKDEWKDEHQ NDQQ 2GHU VLQG 6LH GDUDXI DXV GLH 6FKXOG YRQ ,KUHP 6WHHQ ]X QHKPHQ LQGHP 6LH HLQ IDOVFKHV *HVWlQGQLV PDFKHQ ODVVHQ"© 7HUHQV EHXJWH VLFK YRU ª,FK QHKPH DXFK NHLQ WUDQWRULQLVFKHV *HOG©)LIHLJQRULHUWHLKQ -XQ] ZDU GHU OHW]WH GHU ]X VLFK NDP ª(V KDW NHLQHQ =ZHFN ]X VWUHLWHQHKHZLUGHQ0DQQJHK|UWKDEHQ©VDJWHHUª(UVROOXQVGLH

(LQ]HOKHLWHQ VFKLOGHUQ :HQQ HU WDWVlFKOLFK GHU 0DQQ PLW GHU *HKLUQVRQGH LVW EUDXFKHQ ZLU GLH 'HWDLOV GULQJHQG :HQQ HU HV QLFKWLVWZHUGHQGLH'HWDLOVGLHVEHZHLVHQ© ª:HQQ 6LH ZLVVHQ ZROOHQ ZLH VLFK DOOHV DEJHVSLHOW KDW ZHUGH LFK HV,KQHQVDJHQ(V]XYHUVFKZHLJHQZUGHPLURKQHKLQQLFKWVPHKU QW]HQ ,FK KDEH HV LQ MHGHP )DOO HQWZHGHU PLW 6DUN RGHU PLW 7UDQWRU ]X WXQ 'HVKDOE ]XP 7HXIHO GDPLW 'LHV ZLUG PLU ZHQLJVWHQVGLH0|JOLFKNHLWJHEHQHLQSDDU'LQJHRIIHQ]XVDJHQ© (U GHXWHWH ]RUQLJ DXI )LIH ª'DV LVW HLQ *URHU*URKHUU1XUHLQ *URHU*URKHUUVDJWGLHVHU*URH*URKHUUNDQQGLH.HQQWQLVVH XQG )lKLJNHLWHQ KDEHQ XP GDV ]X WXQ ZDV GHU 0DQQ PLW GHU *HKLUQVRQGH JHWDQ KDW 8QG HU JODXEW HV DXFK $EHU ZDV ZHL HU" :DVZHLEHUKDXSWLUJHQGHLQ6DUNLW" 'LH 6DUNLWHQNPPHUQVLFKQLFKWXPGLH5HJLHUXQJVJHVFKlIWH'LH )ORULQLHU WXQ HV 'LH IORULQLVFKHQ 9HUZDOWXQJVDQJHVWHOOWHQ EHNRPPHQDOOH3DSLHUHLQGLH+DQG6LHIOOHQGLH3DSLHUHDXVVLH EHDUEHLWHQGLH3DSLHUH8QGHVVLQGGLH3DSLHUHGLH6DUNUHJLHUHQ 1DWUOLFKVLQGGLHPHLVWHQYRQXQV]XXQWHUGUFNWXPDXFKQXU]X ZLQVHOQ $EHU ZLVVHQ 6LH ZDV ZLU WXQ N|QQHQ ZHQQ ZLU ZROOWHQ" 6RJDUXQWHUGHQ$XJHQXQVHUHUYHUGDPPWHQ*URKHUUHQ"1XQ6LH ZLVVHQZDVLFKJHWDQKDEH ,FK ZDU YRU HLQHP -DKU YRUEHUJHKHQG 9HUNHKUVPDQDJHU DXI GHP 5DXPKDIHQ 'LHV JHK|UWH ]X PHLQHU $XVELOGXQJ (V VWHKW LQ GHQ $NWHQ6LHZHUGHQHLQZHQLJVXFKHQPVVHQXPGDVIHVW]XVWHOOHQ GDGHURIIL]LHOOH9HUNHKUVPDQDJHUHLQ6DUNLWLVW(UKDWWHGHQ7LWHO DEHU LFK WDW VHLQH $UEHLW 0HLQ 1DPH LVW LQ HLQHU EHVRQGHUHQ$NWH PLWGHUhEHUVFKULIW!(LQJHERUHQHV3HUVRQDO]XILQGHQ.HLQ6DUNLW KlWWH MH VHLQH $XJHQ GDPLW EHVFKPXW]WGLHVH/LVWHDQ]XVHKHQ$OV GDV |UWOLFKH ,5% GLH 0HOGXQJ GHV 5DXPDQDO\WLNHUV DQ GHQ +DIHQ VFKLFNWH PLW GHP 9RUVFKODJ ZLU VROOWHQ GDV 5DXPVFKLII PLW HLQHU $PEXODQ] HPSIDQJHQ NDP GLH 0HOGXQJ LQ PHLQH +lQGH ,FK JDE GDYRQ ZHLWHU ZDV PLU DQJHEUDFKW VFKLHQ 'LH 9RUDXVVDJH GHU =HUVW|UXQJ)ORULQDVKDEHLFKQLFKWZHLWHUJHJHEHQ ,FK ULFKWHWH HV VR HLQ GD GHU 5DXPDQDO\WLNHU DXI HLQHP NOHLQHQ 9RUVWDGWKDIHQ ODQGHWH 'DV ZDU QLFKW VFKZHU $OOH 'UlKWH XQG .DEHO ZDUHQ LQ PHLQHQ +lQGHQ ,FK ZDU LP 9HUZDOWXQJVGLHQVW GHQNHQ6LHGDUDQ(LQ*URHU*URKHUUKlWWHQLFKWWXQN|QQHQZDV LFKWDW(UKlWWHGD]XHLQHQ)ORULQLHUJHEUDXFKW,FKDEHUNRQQWHHV RKQHIUHPGH+LOIHWXQ 6RYLHOEHU.HQQWQLVVHXQG)lKLJNHLWHQ ,FK HPSILQJ GHQ 5DXPDQDO\WLNHU XQG KLHOW LKQ VRZRKO YRQ GHQ VDUNLWLVFKHQ%HK|UGHQDOVDXFKYRP,5%IHUQ,FKSUHWHVRYLHODXV LKP KHUDXV ZLH LFK NRQQWH XQG WUDI PHLQH 9RUEHUHLWXQJHQ GLHVH ,QIRUPDWLRQHQIU)ORULQDXQGJHJHQ6DUNDXV]XZHUIHQ© ª'DQQ KDEHQ 6LH GLH (USUHVVHUEULHIH JHVFKLFNW"© VDJWH )LIH

PKVDP ª$OOHUGLQJV *URHU *URKHUU© VDJWH 7HUHQV UXKLJ ª,FK GDFKWH LFK N|QQWH JHQXJ .RQWUROOH EHU GLH .\UWOlQGHU LQ PHLQH +lQGH EULQJHQ DXI HLJHQH )DXVW PLW 7UDQWRU YHUKDQGHOQ XQG 6LH YRQ XQVHUHP3ODQHWHQYHUWUHLEHQ© ª6LHZDUHQYHUUFNW© ª9LHOOHLFKW :LH GHP DXFK VHL HV NODSSWH QLFKW ,FK KDEH GHP 5DXPDQDO\WLNHU JHVDJW LFK VHL GHU *URKHUU YRQ )LIH ,FK PXWH GLHV WXQ ZHLO HU ZXWH GD )LIH GHU PlFKWLJVWH 0DQQ DXI GHP 3ODQHWHQZDUXQGVRODQJHHUPLFKIU)LIHKLHOWVSUDFKHURIIHQPLW PLU,FKPXODFKHQZHQQLFKGDUDQGHQNHGDHUJODXEWH)LIHVHL HUSLFKWGDUDXIGDVEHVWHIU)ORULQD]XWXQ /HLGHUZDUHUXQJHGXOGLJHUDOVLFK(UZDUKDUWQlFNLJGHU0HLQXQJ MHGHUYHUORUHQH7DJVHLHLQH.DWDVWURSKHZl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|WHQ 7HLO VHLQHV %HZXWVHLQV HQWIHUQWH ,FK KDWWH GDQDFKHLQJHKLUQORVHV:HVHQLQGHQ+lQGHQ(VWXWPLUOHLG5LN© 5LNGHUDXIPHUNVDP]XJHK|UWKDWWHVDJWHWUDXULJª6LHKlWWHQVLFK QLFKW LQ PHLQH 'LQJH HLQPLVFKHQ GUIHQ 2UWVYHUZDOWHU DEHU LFK ZHL ZLH ,KQHQ ]XPXWH JHZHVHQ VHLQ PX© ª-D© VDJWH 7HUHQV ªGX KDVW DXI )ORULQD JHOHEW 'X NHQQVWGLH3ROL]HLXQG*URKHUUHQ XQG GLH 8QWHUVFKLHGH ]ZLVFKHQGHUXQWHUHQ6WDGWXQGGHUREHUHQ© 7HUHQV QDKP GHQ )DGHQ VHLQHU *HVFKLFKWH ZLHGHU DXI ª6R VWDQG LFK GDPLWHLQHPY|OOLJKLOIORVHQ5DXPDQDO\WLNHU,FKNRQQWHQLFKW ULVNLHUHQGDHUYRQLUJHQGMHPDQGHPJHIXQGHQZXUGHGHUVHLQHU ,GHQWLWlW QDFKVSUWH ,FK NRQQWH LKQ QLFKW W|WHQ ,FK JODXEWH EHVWLPPW GD VHLQ *HGlFKWQLV ]XUFNNHKUHQ ZUGH XQG LFK EUDXFKWHLPPHUQRFKVHLQH.HQQWQLVVHJDQ]]XVFKZHLJHQYRQGHU 7DWVDFKH GD LFK PLU ZHQQ LFK LKQ JHW|WHW KlWWH GLH 6\PSDWKLHQ 7UDQWRUV XQG GHV ,5% YHUVFKHU]W KlWWH GLH LFK OHW]WOLFK EUDXFKWH $XHUGHPZDULFKLQMHQHQ7DJHQXQIlKLJ]XW|WHQ,FKULFKWHWHHV VR HLQ GD LFK DOV 2UWVYHUZDOWHU QDFK )ORULQD YHUVHW]W ZXUGH XQG QDKPGHQ5DXPDQDO\WLNHUPLWJHIlOVFKWHQ3DSLHUHQPLW,FKVRUJWH GDIU GD HU JHIXQGHQ ZXUGH XQG JDE LKQ LQ GLH 2EKXW 9DORQDV 'DQDFK EHVWDQG NHLQH *HIDKU PHKU ELV DXI GHQ =ZLVFKHQIDOO PLW GHP$U]W,FKPXWHLQGLH.UDIWZHUNHGHUREHUHQ6WDGWHLQGULQJHQ

$EHUGDVZDUQLFKWVFKZHU'LH,QJHQLHXUHZDUHQ6DUNLWHQDEHUGLH 3RUWLHUV )ORULQLHU $XI 6DUN KDEH LFK JHQXJ EHU .UDIWDQODJHQ JHOHUQW XP ]X ZLVVHQ ZLH PDQ HLQHQ (QHUJLHVWUDKO NXU]VFKOLHW 'UHL 7DJH ZDUWHWH LFK DXI GHQ ULFKWLJHQ =HLWSXQNW $OOHUGLQJV ZXWH LFK QLFKW GD GHU $U]W VHLQH .DUWHLHQ LQ 'XSOLNDWHQ DXIEHZDKUWH,FKZROOWHLFKKlWWHHVJHZXW© 7HUHQV NRQQWH )LIHV 8KU VHKHQ ª'DQQ YRU KXQGHUW 6WXQGHQ HV NRPPW PLU YRU ZLH KXQGHUW -DKUH EHJDQQ VLFK 5LN ZLHGHU ]X HULQQHUQ 1XQ NHQQHQ 6LH GLH JDQ]H *HVFKLFKWH© ª1HLQ© VDJWH -XQ] ª1RFK QLFKW :DV KDW ,KQHQ GHU 5DXPDQDO\WLNHU EHU GHQ 8QWHUJDQJ GHV 3ODQHWHQ HU]lKOW"© ª*ODXEHQ 6LH LFK KDEH GLH (LQ]HOKHLWHQ YHUVWDQGHQ" (V ZDU HLQH $UW 9HU]HLKXQJ 5LN 9HUUFNWKHLW© ª'DV ZDU HV QLFKW© EUDFK 5LN DXV ª'HU 5DXPDQDO\WLNHU KDWWH GRFK HLQ 6FKLII© VDJWH -XQ] ª:R LVW HV"© ª6FKRQ ODQJH DXI GHP 6FKXWWKDXIHQ© VDJWH 7HUHQV ª,FK VFKULHE HLQHQ %HIHKO DXV HV ]X YHUVFKURWWHQ 0HLQ 9RUJHVHW]WHU XQWHU]HLFKQHWH LKQ (LQ 6DUNLW OLHVW QDWUOLFK QLHPDOV $NWHQ 'DV 6FKLII ZXUGH RKQH :LGHUVSUXFK DEJHZUDFNW© ª8QG 5LNV 8QWHUODJHQ" 6DJWHQ 6LH QLFKW HU KDEH ,KQHQ 8QWHUODJHQ JH]HLJW"© ª/LHIHUQ 6LH XQV GLHVHQ 0DQQ DXV© VDJWH )LIH SO|W]OLFK ª:LU ZHUGHQKHUDXVILQGHQZDVHUZHL© ª1HLQ©VDJWH-XQ]ª6HLQHUVWHV9HUEUHFKHQULFKWHWHVLFKJHJHQGDV ,5%(UJHK|UWXQV© ª-XQ]KDWUHFKW©VDJWH$EHO ª,FK VDJH QLFKWV ZDV LFK QLFKW EHZHLVHQ NDQQ© IXKU 7HUHQV IRUW ª,FK ZHL ZR 5LNV 3DSLHUH VLQG6LHVLQGDQHLQHU6WHOOHZRNHLQ 6DUNLW XQG NHLQ 7UDQWRULQLHU VLH ILQGHQ ZLUG :HQQ 6LH GLH 8QWHUODJHQ KDEHQ ZROOHQ PVVHQ 6LH PLFK DOV SROLWLVFKHQ )OFKWOLQJ DQHUNHQQHQ :DV LFK DXFK JHWDQ KDEH HV JHVFKDK DXV 3DWULRWLVPXVXQGLP+LQEOLFNDXIGLH%HGUIQLVVHPHLQHV3ODQHWHQ (LQ 6DUNLW XQG HLQ 7UDQWRULQLHU N|QQHQ VLFK GDUDXI EHUXIHQ 3DWULRWHQ]XVHLQ:DUXPQLFKWDXFKHLQ)ORULQLHU"© ª'HU %RWVFKDIWHU© VDJWH -XQ] ªKDW ]XJHVLFKHUW GD 6LH GHP ,5% EHUJHEHQZHUGHQ,FKYHUVSUHFKH,KQHQGDZLU6LHQLFKWDQ6DUN DXVOLHIHUQ )U ,KU 9HUJHKHQ DQ XQVHUHP 5DXPDQDO\WLNHU ZHUGHQ 6LH YHUXUWHLOW ZHUGHQ ,FK NDQQ ,KQHQ QLFKW JDUDQWLHUHQ ZLH ,KU 8UWHLOVVSUXFK DXVIDOOHQ ZLUG $EHU ZHQQ 6LH MHW]W PLW XQV ]XVDPPHQDUEHLWHQZLUGHV,KQHQQW]OLFKVHLQ© 7HUHQV VFKDXWH -XQ] SUIHQG DQ ª,FK YHUODVVH PLFK DXI ,KU :RUW 'RNWRU 'HU 5DXPDQDO\WLNHU VDJWH GLH 6RQQH )ORULQDV VHL LP 3Ul1RYD6WDGLXP© ª:DV"©'LHVHU$XVUXINDPYRQDOOHQDXHU9DORQD ª6LHLVWLP%HJULII]XH[SORGLHUHQXQG!LQGLH%LQVHQ]XJHKHQ© VDJWH 7HUHQV VDUNDVWLVFK ª8QG ZHQQ GDV JHVFKLHKW ZLUG JDQ]

)ORULQDYHUSXIIHQZLHHLQ0XQGYROO7DEDNUDXFK© ª,FK ELQ NHLQ 5DXPDQDO\WLNHU© VDJWH $EHO ªDEHU LFK KDEH JHK|UW GDPDQQLFKWYRUKHUVDJHQN|QQHZDQQHLQ6WHUQH[SORGLHUW© ª'DV LVW ZDKU ELV MHW]W MHGHQIDOOV +DW 5LN HU]lKOW ZLH HU GDUDXI NDP"©IUDJWH-XQ] ª,FK QHKPH DQ VHLQH 3DSLHUH ZHUGHQ GDV NOlUHQ 6RZHLW LFK PLFK GDUDQ HULQQHUQ NDQQ EHWUDI HV GLH .RKOHQVWRIIVWU|PH (U VDJWH LPPHU ZLHGHU !'LH .RKOHQVWRII VWU|PH LP 5DXP GLH .RKOHQVWRIIVWU|PH LP 5DXP XQG GDV :RUW !.DWDO\VDWRUHIIHNW© 6WHHQNLFKHUWH-XQ]VWDUUWHYRUVLFKKLQ'DQQPXUPHOWHHU ª(QWVFKXOGLJHQ 6LH PLFK ELWWH HLQHQ $XJHQEOLFN ,FK ELQ VRIRUW ]XUFN© (U WUDW DXV GHU 5HLFKZHLWH VHLQHV $XIQDKPHJHUlWV XQG YHUVFKZDQG1DFKIQI]HKQ0LQXWHQZDUHU]XUFN(UEOLFNWHVLFK HUVFKURFNHQXP1XU$EHOXQG)LIHZDUHQQRFKGDª:R©VDJWH HU $EHO XQWHUEUDFK LKQ VRIRUW ª:LU KDEHQ DXI 6LH JHZDUWHW 'U -XQ] 'HU 5DXPDQDO\WLNHU XQG GDV 0lGFKHQ VLQG DXI GHP :HJ LQ GLH%RWVFKDIW'LH.RQIHUHQ]LVWEHHQGHW© ª%HHQGHW*URH0LOFKVWUDHZLUKDEHQGRFKHUVWDQJHIDQJHQ,FK PX GLH 9RUDXVVHW]XQJHQ HUNOlUHQ XQWHU GHQHQ VLFK HLQH 1RYD ELOGHQNDQQ© $EHO UXWVFKWH XQEHKDJOLFK DXI VHLQHP 6WXKO KLQ XQG KHU ª'DV LVW QLFKW Q|WLJ 'RNWRU© ª(V LVW VHKU Q|WLJ (V LVW ZHVHQWOLFK /DVVHQ 6LHPLFKIQI0LQXWHQVSUHFKHQ© ª/DVVHQ6LHLKQVSUHFKHQ©VDJWH)LIHOlFKHOQG ª)DQJHQ ZLU YRUQH DQ© VDJWH -XQ] ª$XV GHQ lOWHVWHQ ZLVVHQVFKDIWOLFKHQ $XI]HLFKQXQJHQ GHU JDODNWLVFKHQ =LYLOLVDWLRQ ZLVVHQ ZLU GD HV VFKRQ LQ SUlKLVWRULVFKHU =HLW EHNDQQW ZDU GD GLH 6WHUQH LKUH (QHUJLH DXV QXNOHDUHQ 9HUlQGHUXQJHQ LQ LKUHP ,QQHUQ EH]LHKHQ (V ZDU DXFK EHNDQQW GD ]ZHL $UWHQ XQG QXU ]ZHL $UWHQ YRQ QXNOHDUHQ 9RUJlQJHQ GLH QRWZHQGLJH (QHUJLH OLHIHUQ N|QQHQ ,Q EHLGHQ )lOOHQ KDQGHOW HV VLFK XP HLQH 8PZDQGOXQJ YRQ :DVVHUVWRII LQ +HOLXP 'LH HUVWH 8PZDQGOXQJ JHVFKLHKW GLUHNW =ZHL :DVVHUVWRIIDWRPH XQG ]ZHL 1HXWURQHQ YHUELQGHQVLFK]XHLQHP+HOLXPDWRP'LH]ZHLWHJHVFKLHKWLQGLUHNW LQ PHKUHUHQ (WDSSHQ XQG HQGHW HEHQIDOOV GDPLW GD DXV :DVVHUVWRII +HOLXP ZLUG $EHU LQ GHU =ZLVFKHQ]HLW QHKPHQ .RKOHQVWRIIDWRPHDQGLHVHP9RUJDQJWHLO'LHVH.RKOHQVWRIIDWRPH ZHUGHQ GDEHL QLFKW YHUEUDXFKW VRQGHUQ ZLHGHU ]XUFNJHELOGHW VR GD HLQH ZLQ]LJH .RKOHQVWRIIPHQJH LPPHU XQG LPPHU ZLHGHU LQ GHQ 3UR]H HLQJUHLIHQ XQG HLQH JURH 0HQJH :DVVHUVWRII LQ +HOLXP XPZDQGHOQ NDQQ 0LW DQGHUHQ :RUWHQ 'HU .RKOHQVWRII GLHQW DOV .DWDO\VDWRU 'LHV DOOHV ZDU VFKRQ LQ SUlKLVWRULVFKHU =HLW EHNDQQW DOV GLH PHQVFKOLFKH 5DVVH QRFK DXI HLQHQ HLQ]LJHQ 3ODQHWHQEHVFKUlQNWZDUZHQQHVMHHLQHVROFKH=HLWJHJHEHQKDW©

ª:HQQ ZLU EHUHLWV DOOHV ZLVVHQ© VDJWH )LIH ªGDQQ VLQG ,KUH $XVIKUXQJHQQLFKWVDOV=HLWYHUJHXGXQJ© ª$EHU PHKU ZLVVHQ ZLU DXFK QLFKW 2E GLH 6WHUQH GHQ HLQHQ RGHU GHQ DQGHUHQ GLHVHU QXNOHDUHQ 9RUJlQJH EHQXW]HQ RGHU EHLGH NRQQWH QRFK QLFKW HUIRUVFKW ZHUGHQ (V KDW LPPHU 6FKXOHQ JHJHEHQGLHGHUHLQHQRGHUGHUDQGHUHQGLHVHUEHLGHQ$OWHUQDWLYHQ GHQ 9RU]XJ JDEHQ *HZ|KQOLFK QHLJW PDQ GHU$QVLFKW]XGDGLH GLUHNWH8PZDQGOXQJYRQ:DVVHUVWRIILQ+HOLXPVWDWWILQGHWGDGLHV GLH HLQIDFKHUH $UW LVW 1XQ PX 5LN IROJHQGH 7KHRULH HQWZLFNHOW KDEHQ 'LH GLUHNWH :DVVHUVWRII+HOLXP8PZDQGOXQJ LVW GLH QRUPDOH 4XHOOH GHU 6RQQHQHQHUJLH 8QWHU JHZLVVHQ %HGLQJXQJHQ JUHLIWDEHU.RKOHQVWRIIDOV.DWDO\VDWRULQGHQ3UR]HHLQLQGHPHU LKQEHVFKOHXQLJWXQGGLH6WHUQHDXIKHL]W (VJLEW6WU|PHLP5DXPGDUXQWHUDXFK.RKOHQVWRIIVWU|PH 6WHUQH GLH GXUFK GLHVH 6WU|PH KLQGXUFKJHKHQ DEVRUELHUHQ XQ]lKOLJH $WRPH ,P JDQ]HQ JHVHKHQ LVW GLH 4XDQWLWlW GLHVHU $WRPH MHGRFKPLNURVNRSLVFKNOHLQLP9HUJOHLFK]XP*HZLFKWGHV 6WHUQV XQG EW NHLQHUOHL (LQIOX DXI LKQ DXV DXHU EHL .RKOHQVWRII (LQ 6WHUQ GHU LQ HLQHQ 6WURP YRQ XQJHZ|KQOLFK KRKHU .RKOHQVWRII .RQ]HQWUDWLRQ JHUlW ZLUG XQVWDELO ,FK ZHL QLFKW ZLH YLHOH -DKUH RGHU -DKUKXQGHUWH RGHU -DKUPLOOLRQHQ HV GDXHUW ELV GLH .RKOHQVWRIIDWRPH LQV ,QQHUH GHV 6WHUQV HLQGULQJHQ (VGDXHUWYHUPXWOLFKHLQHVHKUODQJH=HLW:HQQDEHUGLH4XDQWLWlW GHV.RKOHQVWRIIVGLHLQV,QQHUHGHV6WHUQHVHLQGULQJWHLQHNULWLVFKH 0HQJH EHUVFKUHLWHW ZLUG GLH 6WUDKOXQJ GHV 6WHUQHV SO|W]OLFK XQJHKHXHU YHUVWlUNW 'LH lXHUHQ 6FKLFKWHQ JHEHQ XQWHU HLQHU XQYRUVWHOOEDUHQ ([SORVLRQ QDFK XQG 6LH KDEHQ HLQH 1RYD %HJUHLIHQ6LH"© -XQ]ZDUWHWH )LIH VDJWH ª6LH KDEHQ GLHV DOOHV LQ ]ZHL 0LQXWHQ GDUJHOHJW DOV )ROJHUXQJ LUJHQGHLQHU YDJHQ 3KDVH GLH GHU 2UWVYHUZDOWHU YRU HLQHP -DKU YRQ GLHVHP 5DXPDQDO\WLNHU JHK|UW ]X KDEHQ JODXEW"© ª-D'DVEUDXFKW6LHQLFKW]X EHUUDVFKHQ'LH5DXPDQDO\VHLVWIU GLHVH7KHRULHUHLI:HQQ5LNQLFKWGDUDXIJHNRPPHQZlUHKlWWHHV LUJHQGHLQ DQGHUHU LQ .U]H HQWGHFNW (V ZXUGHQ VRJDU VFKRQ lKQOLFKH 7KHRULHQ YHU|IIHQWOLFKW DEHU PDQ KDW VLH QLH HUQVW JHQRPPHQ 6LH ZXUGHQ JHlXHUW HKH GLH 7HFKQLN GHU 5DXPDQDO\VH HQWZLFNHOW ZDU 1XU KDW VLFK GDPDOV QLHPDQG GLH $QUHLFKHUXQJ PLW EHUVFKVVLJHP .RKOHQVWRII EHL GHU 6RQQH )ORULQDVHUNOlUHQN|QQHQ+HXWHZLVVHQZLUDEHUGDHVWDWVlFKOLFK .RKOHQVWRIIVWU|PHJLEW:LUN|QQHQLKUHQ9HUODXIDXI]HLFKQHQXQG IHVWVWHOOHQZHOFKH6WHUQHZlKUHQGGHUOHW]WHQ]HKQWDXVHQG-DKUHLQ GLHVH 6WU|PH JHULHWHQ XQG GLH (UJHEQLVVH PLW XQVHUHQ $XI]HLFKQXQJHQ EHU GLH %LOGXQJ YRQ 1RYDH XQG GLH

9HUlQGHUXQJHQ LQ GHU 6WUDKOXQJ GHU 6WHUQH YHUJOHLFKHQ $EHU GLHV DOOHV LVW LP $XJHQEOLFN QLFKW GDV :LFKWLJVWH :DV MHW]W VRIRUW JHVFKHKHQ PX LVW GLH (YDNXLHUXQJ )ORULQDV© ª'DV KDEH LFK PLU JHGDFKW© VDJWH )LIH JHODVVHQ ª7XW PLU OHLG -XQ]© VDJWH $EHO ªDEHU GDV LVW Y|OOLJ XQP|JOLFK© ª:DUXP XQP|JOLFK"© ª:DQQ ZLUG GLH 6RQQH )ORULQDV H[SORGLHUHQ"© ª,FK ZHL HV QLFKW $XV 5LNV )XUFKW YRU HLQHP -DKU ZUGH LFK VFKOLHHQ GD ZLU ZHQLJ =HLWKDEHQ©ª8QG6LHN|QQHQNHLQHQ7HUPLQQHQQHQ"© ª1DWUOLFK QLFKW© ª:DQQ ZHUGHQ 6LH HLQHQ 7HUPLQ DQJHEHQ N|QQHQ"© ª'DV NDQQ LFK QLFKW VDJHQ 6HOEVW ZHQQ ZLU 5LNV %HUHFKQXQJHQ KDEHQZHUGHQZLUDOOHV]XHUVWEHUSUIHQPVVHQ© ª.|QQHQ6LHJDUDQWLHUHQGDGLHVH7KHRULHVWLPPW"© -XQ]UXQ]HOWHGLH6WLUQª,FKSHUV|QOLFKELQGHVVHQVLFKHUDEHUNHLQ :LVVHQVFKDIWOHU NDQQ LP YRUDXV GLH :DKUKHLW LUJHQGHLQHU 7KHRULH JDUDQWLHUHQ© ª'DV KHLW DOVR GD 6LH )ORULQD DXI HLQH EORH 6SHNXODWLRQ KLQ HYDNXLHUHQ ZROOHQ© ª,FK JODXEHGDV5LVLNRGD GLH %HY|ONHUXQJ HLQHVJDQ]HQ3ODQHWHQXPNRPPWNDQQ PDQQLFKW DXI VLFK QHKPHQ© ª:HQQ )ORULQD HLQ JHZ|KQOLFKHU 3ODQHW ZlUH ZUGH LFK ,KQHQ ]XVWLPPHQ $EHU )ORULQD WUlJW GHQ .\UWYRUUDW IU GLHJDQ]H0LOFKVWUDH'LHVHU3ODQHWNDQQQLFKWHYDNXLHUWZHUGHQ© ª,VW GLHV GDV hEHUHLQNRPPHQ ]X GHP 6LH PLW )LIH JHODQJW VLQG ZlKUHQG LFK ZHJ ZDU"© )LIH XQWHUEUDFK ª/DVVHQ 6LH HV PLFK HUNOlUHQ 'U -XQ] 'LH 5HJLHUXQJ YRQ 6DUN ZUGH QLHPDOV LKUH (LQZLOOLJXQJ GD]X JHEHQ GD )ORULQD HYDNXLHUW ZLUG VHOEVW ZHQQ GDV ,5% EHKDXSWHW HLQHQ %HZHLV IU ,KUH1RYD7KHRULH]XKDEHQ 7UDQWRU NDQQ XQV QLFKW GD]X ]ZLQJHQ GHQQ ZlKUHQG GLH 0LOFKVWUDH HLQHQ .ULHJ JHJHQ 6DUN XQWHUVWW]HQ ZUGH ZLUG VLH QLHPDOV HLQHQ .ULHJ XQWHUVWW]HQ GHU GHQ .\UWKDQGHO EHHQGHW© ª6RLVWHV©VDJWH$EHOª,FKIUFKWHXQVHUHHLJHQHQ/HXWHZUGHQ HLQHQ VROFKHQ .ULHJ QLFKW XQWHUVWW]HQ© -XQ] IKOWH ZLH GLH (PS|UXQJ LQ LKP ZXFKV (LQ 3ODQHW YROOHU 0HQVFKHQ EHGHXWHWH QLFKWV JHJHQEHU GHP 'LNWDW GHU |NRQRPLVFKHQ (UIRUGHUQLVVH ª+|UHQ 6LH© VDJWH HU ª'LHV LVW HLQH $QJHOHJHQKHLW GLH QLFKW GLHVHQRGHUMHQHQ3ODQHWHQDQJHKWVRQGHUQGLHJDQ]H0LOFKVWUDH -HGHV -DKU HQWVWHKHQ LQQHUKDOE GHU 0LOFKVWUDH ]ZDQ]LJ 1RYDH 'DUEHUKLQDXVYHUlQGHUQXQWHUGHQKXQGHUW0LOOLDUGHQ6WHUQHQGHU 0LOFKVWUDH UXQG ]ZHLWDXVHQG LKUH 6WUDKOXQJ KLQUHLFKHQG XP MHGHQ EHZRKQEDUHQ 3ODQHW LQ LKUHP 6\VWHP XQEHZRKQEDU ]X PDFKHQ 5XQG HLQH 0LOOLRQ 3ODQHWHQ LQ GHU 0LOFKVWUDH VLQG YRQ 0HQVFKHQEHZRKQW'DVEHGHXWHWGDGXUFKVFKQLWWOLFKDOOHIQI]LJ -DKUH LUJHQGZR HLQ EHZRKQEDUHU 3ODQHW ]XP /HEHQ ]X KHL ZLUG 'LHVH )lOOHVLQGLQGHU*HVFKLFKWHDXIJH]HLFKQHW$OOHIQIWDXVHQG -DKUH LVW HLQ EHZRKQWHU 3ODQHW EHGURKW YRQ HLQHU 1RYD ]X *DV

JHPDFKW ]X ZHUGHQ :HQQ 7UDQWRU QLFKWV IU )ORULQD WXW ZHQQ HV ]XOlWGDGHU3ODQHWPLWVHLQHUJHVDPWHQ%HY|ONHUXQJYHUGDPSIW ZLUG GLHV GLH 0HQVFKHQ GHU JHVDPWHQ 0LOFKVWUDH GDUDXI DXIPHUNVDP PDFKHQ GD DXFK VLH NHLQH +LOIH ]X HUZDUWHQ KDEHQ ZHQQ VLH DQ GLH 5HLKH NRPPHQ VRIHUQ HLQH VROFKH +LOIH GHQ |NRQRPLVFKHQ %HGUIQLVVHQ HLQLJHU ZHQLJHU PlFKWLJHU 0HQVFKHQ LP:HJHVWHKW.|QQHQ6LHGDVULVNLHUHQ$EHO" :HQQ 6LH MHGRFK )ORULQD KHOIHQ GDQQ ]HLJHQ 6LH GDGXUFK GD 7UDQWRU VLFK IU GLH 0HQVFKKHLW GHU 0LOFKVWUDH DXFK MHQVHLWV GHU EORHQ %HVLW]UHFKWH YHUDQWZRUWOLFK IKOW 7UDQWRU ZUGH DXI GLHVH :HLVH6\PSDWKLHQHUQWHQGLHHVPLW*HZDOWQLHZHFNHQN|QQWH© $EHO VHQNWH GHQ .RSI ª1HLQ -XQ] :DV 6LH VDJHQ OHXFKWHW PLU HLQ DEHU HV LVW QLFKW DXVIKUEDU ,FK NDQQ PLFK QLFKW DXI *HPWVUHJXQJHQHLQODVVHQGLHHLQ(QGHGHV.\UWKDQGHOVEHGHXWHQ ZUGHQ ,FK JODXEH HV ZlUH NOJHU GLH 1DFKSUIXQJ GHU 7KHRULH ]X XQWHUODVVHQ 'HU *HGDQNH GD VLH VLFK DOV ZDKU HUZHLVHQ N|QQWH ZUGH ]XYLHO 6FKDGHQ DQULFKWHQ© ª8QG ZHQQ VLH ZDKU LVW"© ª:LU PVVHQ XQWHU GHU 9RUDXVVHW]XQJ DUEHLWHQ GD VLH HV QLFKWLVW,FKQHKPHDQ6LHKDEHQYRUKLQ9HUELQGXQJPLWGHP,5% DXIJHQRPPHQ"© ª-D© ª0DFKW QLFKWV ,FK GHQNH 7UDQWRU KDW JHQJHQG (LQIOX XP ,KUH 1DFKIRUVFKXQJHQ]XXQWHUELQGHQ© ª'DV JODXEH LFK NDXP MHGHQIDOOV QLFKW GLHVH 1DFKIRUVFKXQJHQ 0HLQH +HUUHQ ZLU ZHUGHQ EDOG GDV *HKHLPQLV GHV .\UW JHO|VW KDEHQ (V ZLUG LQQHUKDOE HLQHV -DKUHV RKQHKLQ NHLQ .\UWPRQRSRO PHKUJHEHQREQXQHLQH1RYDHQWVWHKWRGHUQLFKW© ª:LHPHLQHQ6LHGDV"© ª'LH .RQIHUHQ] NRPPW QXQ ]XP ZHVHQWOLFKHQ 3XQNW )LIH .\UW ZlFKVWQXUDXI)ORULQD$XIMHGHPDQGHUHQ3ODQHWHQSURGX]LHUWVHLQ 6DPHQ JHZ|KQOLFKH =HOOXORVH )ORULQD LVW ZDKUVFKHLQOLFK GHU HLQ]LJH EHZRKQEDUH 3ODQHW GHU DXJHQEOLFNOLFK HLQH 3Ul1RYD 6RQQH KDW 8QG VLH LVW ZDKUVFKHLQOLFK LP 3Ul1RYD6WDGLXP VHLW VLH LQ GHQ .RKOHQVWRIIVWURP JHUDWHQ LVW YLHOOHLFKW VFKRQ YRU -DKUWDXVHQGHQ (V LVW VHKU ZDKUVFKHLQOLFK GD GHU .\UW XQG GDV 3Ul1RYD6WDGLXPPLWHLQDQGHU]XVDPPHQKlQJHQ© ª8QVLQQ©VDJWH)LIH ª'RFK (V PX HLQHQ *UXQG JHEHQ ZDUXP .\UW DXI )ORULQD .\UW LVWXQGEHUDOOVRQVWHLQIDFKH=HOOXORVH'LH:LVVHQVFKDIWOHUKDEHQ DOOHV YHUVXFKW DXI DQGHUHQ3ODQHWHQ.\UW]XSURGX]LHUHQ$EHUVLH KDEHQ HV DXIV *HUDWHZRKO YHUVXFKW XQG GHVKDOE QLH (UIROJ HU]LHOW 1XQ ZHUGHQ VLH ZLVVHQ GD HV GHQ )DNWRUHQ LQ HLQHP 3Ul 1RYD 3ODQHQWHQV\VWHP]X]XVFKUHLEHQLVW© =RUQLJ VDJWH )LIH ª0DQ KDW YHUVXFKW GLH 6WUDKOXQJVTXDOLWlW GHU

6RQQH )ORULQDV QDFK]XDKPHQ© ª-D PLW HQWVSUHFKHQGHQ %RJHQODPSHQ GLH OHGLJOLFK GDV VLFKWEDUH XQG GDV XOWUDYLROHWWH 6SHNWUXP GXSOL]LHUWHQ :LH VWHKW HV DEHU PLW GHU 6WUDKOXQJ LP ,QIUDURW%HUHLFK XQG MHQVHLWV GDYRQ" :LH VWHKW HV PLW GHQ 0DJQHWIHOGHUQ" :LH PLW GHU (OHNWURQHQ(PLVVLRQ" :LH PLW GHU NRVPLVFKHQ 6WUDKOXQJ" ,FK ELQ NHLQ %LRFKHPLNHU (V NDQQ )DNWRUHQ JHEHQ YRQ GHQHQ LFK QLFKWVZHL$EHUGLH%LRFKHPLNHU ZHUGHQ VLFK QXQ GDUXP NPPHUQ ,QQHUKDOE HLQHV -DKUHV LFK YHUVLFKHUH,KQHQLVWGLH/|VXQJJHIXQGHQ'LH:LUWVFKDIWVWHKWQXQ DXIGHU 6HLWHGHU+XPDQLWlW'LH0HQVFKKHLWEUDXFKWELOOLJHQ.\UW 8QGZHQQVLHLKQHUKlOWRGHUVHOEVWZHQQVLHVLFKQXUYRUVWHOOWGD GLH :LVVHQVFKDIW GDV *HKHLPQLV GHV .\UW LQ .U]H O|VW ZLUG VLH )ORULQD HYDNXLHUHQ ZROOHQ QLFKW QXU DXV +XPDQLWlW VRQGHUQ DXFK DXV GHP :XQVFK KHUDXV GLH EHWUJHULVFKHQ 6DUNLWHQ HQGOLFK DXV GHP6DWWHO]XKHEHQ© ª'DVLVW%OXII©JUROOWH)LIH ª:HQQ 6LH GHQ 6DUNLWHQ KHOIHQ $EHO© VDJWH -XQ] ªZLUG 7UDQWRU QLFKWDOVGHU5HWWHUGHV.\UWKDQGHOVDQJHVHKHQZHUGHQVRQGHUQDOV GHUGHV.\UWPRQRSROV.|QQHQ6LHGDVULVNLHUHQ"© ª.DQQ7UDQWRUHLQHQ.ULHJULVNLHUHQ"©IDXFKWH)LIH ª.ULHJ" :R]X" *URKHUU LQ HLQHP -DKU ZHUGHQ ,KUH %HVLW]XQJHQ DXI )ORULQD ZHUWORV VHLQ PLW RGHU RKQH 1RYD 9HUNDXIHQ 6LH 9HUNDXIHQ6LH)ORULQD7UDQWRUNDQQHV EH]DKOHQ© ª(LQHQ 3ODQHWHQ NDXIHQ"© VDJWH $EHO EHVWU]W ª:DUXP QLFKW" 7UDQWRU KDW GLH 0LWWHO XQG VHLQ *HZLVVHQ DQ 6\PSDWKLH XQWHU GHQ 0HQVFKHQGHV8QLYHUVXPVZLUGGLH$XVJDEHWDXVHQGIDFKHUVHW]HQ 6LH N|QQHQ LQ GHU JDQ]HQ 0LOFKVWUDH YHUEUHLWHQ GD 6LH HLQH KDOEH0LOOLDUGH0HQVFKHQOHEHQJHUHWWHWKDEHQXQGGD6LHELOOLJHQ .\UW EULQJHQ ZHUGHQ© ª,FK ZLOO GDUEHU QDFKGHQNHQ© VDJWH $EHO XQG EOLFNWH GHQ *URKHUUQ DQ )LIH VHQNWH GHQ %OLFN 1DFK HLQHU ODQJHQ3DXVHVDJWHDXFKHUª,FKZLOOGDUEHUQDFKGHQNHQ© -XQ] ODFKWH UDXK ª'HQNHQ 6LH QLFKW ]X ODQJH GDUEHU QDFK 'LH .\UWJHVFKLFKWH ZLUG VFKQHOO JHQXJ GXUFKVLFNHUQ 1LFKWV NDQQ VLH DXIKDOWHQ'DQDFKZLUGNHLQHUYRQ,KQHQPHKUIUHLKDQGHOQN|QQHQ -HW]WN|QQHQ6LHHLQEHVVHUHV*HVFKlIWPDFKHQ© 'HU 2UWVYHUZDOWHU ZDU QLHGHUJHVFKODJHQ ª(V LVW ZLUNOLFK ZDKU"© IUDJWHHULPPHUZLHGHUª:LUNOLFKZDKU"(VZLUGNHLQ)ORULQDPHKU JHEHQ"© ª(VLVWZDKU©VDJWH-XQ] 7HUHQV EUHLWHWH GLH $UPH DXV XQG OLH VLH GDQQ IDOOHQ ª:HQQ 6LH GLH3DSLHUHZROOHQGLHLFKYRQ5LNEHNRPPHQKDEHVLHVLQGXQWHU 6WDWLVWLNHQ LQ PHLQHP +HLPDWRUW YHUVWHFNW ,FK KDEH GD]X $NWHQ JHZlKOWGLHVHLWKXQGHUW-DKUHQRGHUOlQJHUDEJHOHJWVLQG1LHPDQG ZUGHVLHMHPDOVDQVFKDXHQ©

ª,FK ELQ VLFKHU© VDJWH -XQ] ªZLU N|QQHQ HLQ hEHUHLQNRPPHQPLW GHP ,5%WUHIIHQ:LUZHUGHQHLQHQ0DQQDXI)ORULQDEUDXFKHQGHU GLH )ORULQLHU NHQQW XQG XQV VDJHQ NDQQ ZLH PDQ LKQHQ GLH 6LWXDWLRQDPEHVWHQEHLEULQJWZLHPDQGLH(YDNXLHUXQJ DPEHVWHQ RUJDQLVLHUW ZHOFKHQ =XIOXFKWVSODQHWHQ PDQ ZlKOW XQG VR ZHLWHU :ROOHQ6LHXQVKHOIHQ"© ª8QG DXI GLHVH :HLVH GDV 6SLHO JHZLQQHQ PHLQHQ 6LH" 'LH $QNODJH ZHJHQ 0RUGHV ORVZHUGHQ :DUXP QLFKW"© 3O|W]OLFK VWDQGHQ 7UlQHQ LQ GHQ $XJHQ GHV 2UWVYHUZDOWHUV ª$EHU LFK YHUOLHUH VR RGHU VR ,FK ZHUGH NHLQH +HLPDW PHKU KDEHQ :LU YHUOLHUHQDOOH 'LH)ORULQLHUYHUOLHUHQLKUH:HOWGLH6DUNLWHQLKUHQ:RKOVWDQGGLH 7UDQWRULQLHU GLH &KDQFH GLHVHQ :RKOVWDQG DQ VLFK ]X UHLHQ (V JLEW EHUKDXSW NHLQH *HZLQQHU© ª'RFK© VDJWH -XQ] ª:HQQ 6LH EHGHQNHQ GD GLH 0HQVFKHQ NQIWLJ YRU GHU /DELOLWlW GHU 6WHUQH VLFKHU VLQG GD .\UW IU DOOH ]X KDEHQ VHLQ ZLUG XQG GD GLH SROLWLVFKH9HUHLQLJXQJ XPVRQlKHUEHYRUVWHKWZLUGHVVFKOLHOLFK GRFK *HZLQQHU JHEHQ HLQH 4XDGULOOLRQ *HZLQQHU 'LH 0HQVFKHQ GHUJDQ]HQ0LOFKVWUDHZHUGHQGLH6LHJHUVHLQ©

(3,/2*

(LQ-DKUGDQDFK ª+DOOR 5LN© 6HOLP -XQ] HLOWH PLW DXVJHVWUHFNWHQ $UPHQ DXI GDV 5DXPVFKLII]Xª8QG/RQD,FKKDEHHXFKQLFKWHUNDQQW:LHJHKW HV HXFK"© ª'HQ 8PVWlQGHQ HQWVSUHFKHQG 8QVHU %ULHI LVW DQJHNRPPHQ ZLH LFK PHUNH© VDJWH 5LN ª1DWUOLFK 6DJHQ 6LH ZDV IU HLQHQ (LQGUXFN KDEHQ 6LH YRQ )ORULQD"© 6LH JLQJHQ ]XVDPPHQ LQ -XQ] %UR ª:LU KDEHQ KHXWH IUK XQVHUHQDOWHQ2UW EHVLFKWLJW©VDJWH9DORQDWUDXULJª'LH)HOGHUVLQGVR|GH©6LHWUXJ QXQGLH.OHLGXQJHLQHU)UDXGHVWUDQWRULQLVFKHQ,PSHULXPVª-DIU MHPDQGHQ GHU KLHU JHOHEW KDW PX HV WURVWORV VHLQ (V ZLUG VRJDU IUPLFKMHGHQ7DJWUDXULJHU$EHULFKEOHLEHKLHUVRODQJHHVJHKW 'LH$XI]HLFKQXQJHQEHUGLH6WUDKOXQJ)ORULQDV6RQQHVLQGIUXQV YRQXQVFKlW]EDUHP:HUW© ª8QG LQ NQDSS HLQHP -DKU VLQG VR YLHOH 0HQVFKHQ HYDNXLHUW ZRUGHQ 'DV VSULFKW IU HLQH DXVJH]HLFKQHWH 2UJDQLVDWLRQ© ª:LU WXQ XQVHU %HVWHV 5LN 2K LFK VROOWH 6LH MD HLJHQWOLFK PLW ,KUHP ULFKWLJHQ 1DPHQ DQUHGHQ© ª%LWWH QLFKW ,FK ELQ QLFKW PHKU GDUDQ JHZ|KQW ,FK KHLH 5LN $Q HLQHQ DQGHUHQ 1DPHQ NDQQ LFK PLFK

LPPHU QRFK QLFKW JHZ|KQHQ© ª+DEHQ 6LH VLFKVFKRQHQWVFKLHGHQ RE6LH]XU5DXPDQDO\VH]XUFNNHKUHQZROOHQ"© ª,FK KDEH PLFK HQWVFKLHGHQ $EHU GHU (QWVFKOX ODXWHW 1HLQ ,FK ZHUGH PLFK QLH PHKU JHQJHQG HULQQHUQ 'LHVHU 7HLO PHLQHV *HKLUQVLVWIULPPHUGDKLQ$EHUGDVPDFKWQLFKWV,FKZHUGH]XU (UGH ]XUFNNHKUHQ hEULJHQV KDEH LFK JHKRIIW GHQ 2UWVYHUZDOWHU ]XVHKHQ© ª,FKIUFKWHGDVJHKWQLFKW,FKJODXEHHUZUGH,KQHQOLHEHUQLFKW JHJHQEHUWUHWHQ (U IKOW VLFK VFKXOGLJ +HJHQ 6LH NHLQHQ *UROO JHJHQ LKQ"© ª1HLQ© VDJWH 5LN ª(U KDW HV JXW JHPHLQW XQG HU KDW PHLQ /HEHQ LQ PDQFKHU +LQVLFKW ]XP %HVWHQ JHlQGHUW ,FK KDEH ]XP %HLVSLHO /RQD NHQQHQJHOHUQW© (U OHJWH GHQ $UP XP LKUH 6FKXOWHUQ 9DORQD VDK LKQ DQ XQG OlFKHOWH ª$XHUGHP© IXKU 5LN IRUW ªKDW HU PLFK YRQ HWZDV JHKHLOW ,FK KDEH KHUDXVJHIXQGHQ ZDUXP LFK 5DXPDQDO\WLNHU ZDU 8QG LFK ZHL MHW]W DXFK ZDUXP IDVW HLQ 'ULWWHO DOOHU 5DXPDQDO\WLNHU YRQ GHU (UGH VWDPPHQ :HU DXI HLQHP UDGLRDNWLYHQ +LPPHOVN|USHU JHERUHQ ZLUG ZlFKVW LQ VWlQGLJHU $QJVW XQG 8QVLFKHUKHLW DXI (LQ )HKOWULWW NDQQ GHQ 7RG EHGHXWHQ GHQQ GLH 2EHUIOlFKH XQVHUHV 3ODQHWHQ LVW XQVHU VFKOLPPVWHU )HLQG 'DV OlW HLQH $UW $QJVW LQ XQV NHLPHQ 'U -XQ] HLQH $QJVW YRU 3ODQHWHQ :LU VLQG QXU LP :HOWUDXP JOFNOLFK1XUGRUWIKOHQZLUXQVVLFKHU© ª8QGGLHVH$QJVWVLQG6LHORV5LN"© ª-D 'HU 2UWVYHUZDOWHU KDW PLFK PLW GHU *HKLUQVRQGH YRQ DOOHQ $QJVWJHIKOHQ EHIUHLW (U GDFKWH HU KDEH QXU HLQH REHUIOlFKOLFKH 6W|UXQJ YHUXUVDFKW VWDWW GHVVHQ ZDU HV GLHVH WLHIHLQJHZXU]HOWH $QJVWGLHHUUHVWORVHQWIHUQWH,QHLQHU+LQVLFKWLVWHVQLFKWVFKDGH REZRKOPLWLKUYLHOHVYHUORUHQJLQJ$QGHUHUVHLWVPXLFKMHW]WQLFKW PHKU LP 5DXP EOHLEHQ ,FKNDQQ ]XU(UGH]XUFNNHKUHQ,FKNDQQ GRUW DUEHLWHQ 8QG GLH (UGH EUDXFKW 0HQVFKHQ 6LH ZLUG LPPHU 0HQVFKHQEUDXFKHQ© ª:DUXP N|QQHQ ZLU HLJHQWOLFK IU GLH (UGH QLFKW GDV JOHLFKH WXQ ZLHIU)ORULQD"©VDJWH-XQ]ª0DQEUDXFKWGLH0HQVFKHQGHU(UGH QLFKW LQ $QJVW XQG 8QVLFKHUKHLW DXIZDFKVHQ ]X ODVVHQ 'LH 0LOFKVWUDHLVWJUR© ª1HLQ© VDJWH 5LN OHLGHQVFKDIWOLFK ª'DV LVW HWZDV DQGHUHV 'LH (UGHKDWLKUH9HUJDQJHQKHLW'U-XQ]9LHOH0HQVFKHQJODXEHQHV QLFKWDEHUZLUYRQGHU(UGHZLVVHQGDGLH(UGHGHU+HLPDWSODQHW GHUPHQVFKOLFKHQ5DVVHLVW© ª1XQYLHOOHLFKW'DV NDQQLFKQLFKWEHXUWHLOHQ© ª6LH LVW HV 'LH (UGH LVW HLQ 3ODQHW GHQ PDQ QLFKW YHUODVVHQ NDQQ 0DQ GDUI LKQ QLFKW YHUODVVHQ (LQHV 7DJHV ZHUGHQ ZLU VHLQH 2EHUIOlFKH]XGHP]XUFNYHUZDQGHOQZDVVLHHLQPDOJHZHVHQVHLQ PX 8QG ELV GDKLQ EOHLEHQZLU©5LNEOLFNWH]XP+RUL]RQW'LH

REHUH6WDGWZDUVRSURW]LJZLHMH$EHUGLH0HQVFKHQZDUHQGDUDXV YHUVFKZXQGHQ ª:LH YLHOH VLQG QRFK DXI )ORULQD"© IUDJWH 5LN ª8QJHIlKU]ZDQ]LJ0LOOLRQHQ:LUDUEHLWHQMHW]WLPPHUODQJVDPHU 'LH 1HXDQVLHGOXQJ LVW QRFK LQ LKUHP HUVWHQ 6WDGLXP XQG GLH PHLVWHQ (YDNXLHUWHQ VLQG QRFK LQ /DJHUQ DXI EHQDFKEDUWHQ 3ODQHWHQV\VWHPHQ 'DV LVW HLQH XQYHUPHLGOLFKH +lUWH© ª:DQQ ZLUGGHUOHW]WHJHKHQ"©ª1LH©ª'DVYHUVWHKHLFKQLFKW© ª'HU 2UWVYHUZDOWHU KDW LQRIIL]LHOO XP GLH (UODXEQLV JHEHWHQ EOHLEHQ]XGUIHQ(VLVWLKPHEHQIDOOVLQRIIL]LHOOJHVWDWWHWZRUGHQ (VZlUHQLFKWVIUGLHgIIHQWOLFKNHLW©ª%OHLEHQ"©5LNZDUHQWVHW]W ª$EHU XPDOOHVLQGHU0LOFKVWUDH ZDUXP"© ª,FKZXWHHVDXFKQLFKW©VDJWH-XQ]ª$EHULFKJODXEH6LHKDEHQ HVHUNOlUWDOV6LHEHUGLH(UGHVSUDFKHQ(UIKOWZLH6LH(UVDJW HUN|QQH)ORULQDQLFKWYHUODVVHQ©