Im Zeichen des Löwen

+*(:(56 ,0=(,&+(1'(6/g:(1 $' +LUX.DPEDQG-DUYLVUXWVFKWHXQZLOONUOLFKHLQSDDU=HQWLPHWHUW...

Author: Ewers H G

13 downloads 377 Views 489KB 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

+*(:(56

,0=(,&+(1'(6/g:(1

$' +LUX.DPEDQG-DUYLVUXWVFKWHXQZLOONUOLFKHLQSDDU=HQWLPHWHUWLHIHUDOVKLQWHU HLQHU PDVVLJHQ :HLGH GHU JURH JUDXKlXWLJH 6FKlGHO HLQHV 8QJHKHXHUV HPSRUZXFKV (LQH NOHLQH +HUGH YRQ 6WUDXHQVDXULHUQ GLH ]ZLVFKHQ HLQ SDDU =ZHUJSDOPHQ JHJUDVWKDWWHVWREGDYRQ 'LH EHLGHQ $QDWRVDXULHU GLH QHEHQ HLQHP *LQJNREDXP VWDQGHQ XQG VHLQH MXQJHQ 7ULHEH XQG %OlWWHU IUDHQ UKUWHQ VLFK MHGRFK QLFKW 'HU :LQG VWDQG XQJQVWLJ IU VLH 1XU DOV GHU UXQG DFKW 0HWHU PHVVHQGH 3WHUDQRGRQ EHU VLH KLQZHJVHJHOWHXQGGDEHLIUNXU]H=HLWGLH6RQQHYHUGXQNHOWHEOLFNWHQVLHDXI $EHU VLH JDEHQ VLFK VRIRUW ZLHGHU LKUHU 7lWLJNHLW KLQ GHQQ HLQ 3WHUDQRGRQ JHK|UWHQLFKW]XLKUHQ)HLQGHQ 'HU+DOVGHV8QJHKHXHUVZDUMHW]WHEHQIDOOVKLQWHUGHU:HLGHKHUYRUJHNRPPHQ DOVGDV7LHUVLFKZHLWHUDXIJHULFKWHWKDWWH+LUXKLHOWXQZLOONUOLFKGHQ$WHPDQ 'HU+DOVZDUVRGLFNGD]ZHLHUZDFKVHQH0lQQHU0KHJHKDEWKlWWHQLKQPLW LKUHQDXVJHVWUHFNWHQ$UPHQ]XXPIDVVHQ 'DV 8QJHKHXHU ZDQGWH GHQ .RSI XQG EOLFNWH LQ 5LFKWXQJ GHU EHLGHQ $QDWRVDXULHU 'LH GXQNHOJHOEHQ $XJHQ XQWHU GHQ ZHLW YRUVSULQJHQGHQ .QRFKHQZOVWHQ JOLW]HUWHQ LP DXIZDOOHQGHQ -DJGLQVWLQNW 'LH 1VWHUQ EOlKWHQ VLFK 'DV WUJURH 0DXO |IIQHWH VLFK HLQ 6WFN 6FKDXPLJHU 6SHLFKHO UDQQ ]ZLVFKHQGHQEHLGHQ5HLKHQJHOEHUXQWHUDUPODQJHU=lKQHKHUYRU ³3DWDXIVFKULH+LUXGHQ$QDWRVDXULHUQ]X -HPDQGODFKWHYHUKDOWHQ +LUXHUU|WHWHDOVLKPNODUZXUGHZLHW|ULFKWVHLQ=XUXIJHZHVHQZDU'HQQRFK IUFKWHWH HU ZHLWHU XP GLH EHLGHQ $QDWRVDXULHU GLH XP VR YLHOHV NOHLQHU ZDUHQ DOVGHU7\UDQQRVDXUXVUH[GHUVLHEHUHLWVPLWVHLQHQ%OLFNHQYHUVFKODQJ 9RQ LUJHQGZR UXPSHOWH XQG GRQQHUWH HV (V ZDU MHGRFK NHLQ 'UXFNRUNDQ YRQ GHU 2EHUIOlFKH GHU :HOW 'HU ZlUH KLHU QLFKW ]X K|UHQ JHZHVHQ 1HLQ GLH *HUlXVFKH PXWHQ YRQ GHQ EHLGHQ 9XONDQHQ JDQ] KLQWHQ NRPPHQ DXV GHQHQ ELVKHU QXU GQQH 5DXFKIDKQHQ VHQNUHFKW DXIJHVWLHJHQ ZDUHQ XQG GLH MHW]W )ODPPHQXQGGLFKWHQ4XDOPVSXFNWHQ $XFKGLHEHLGHQ$QDWRVDXULHUVFKUDNHQDXIXQGlXJWHQLQ5LFKWXQJGHU9XONDQH 'DVZDUGLH*HOHJHQKHLWIUGHQ7\UDQQRVDXUXV (UEUDFKHLQIDFKGXUFKHLQHQJURHQ5KRGRGHQGURQKLQGXUFKVFKQHOOWHVLFKPLW GUHLPlFKWLJHQ6lW]HQELV]XVHLQHU%HXWHZDUIVLFKDXIHLQHQ$QDWRVDXUXVXQG VFKORGLH]DKQEHZHKUWHQ.LHIHUXPVHLQHQ+DOV 'DV2SIHUElXPWHVLFKDXIGDQQHUVFKODIIWHHVZlKUHQGVHLQ*HIlKUWHLQKHOOHU 3DQLN GDYRQVWRE +LQWHU HLQHU 3DSSHOJUXSSH WDXFKWHQ ]ZHL DXIJHUHJW VFKQDXEHQGH 7ULFHUDWRSV PLW PlFKWLJHQ 1DFNHQVFKLOGHUQ XQG VSLW]HQ

1DVHQK|UQHUQ DXI WUDSSHOWHQ XQVFKOVVLJ PLW LKUHQ NXU]HQ 6lXOHQEHLQHQ LP *UDVKHUXPXQGWUROOWHQVLFKGDQQVFKOLHOLFK 'HU 3WHUDQRGRQ VHJHOWH QRFK HLQPDO KHUDQ VWULFK WLHI EHU GHQ -lJHU XQG VHLQ 2SIHU KLQZHJ XQG OLH VLFK YRP ZDUPHQ $XIZLQG DQ HLQHU VRQQHQKHLHQ )HOVZDQGHPSRUWUDJHQ :RKOLJH 6FKDXHU GXUFKUDQQHQ +LUXV .|USHU ZlKUHQG HU GLH *HIDKUHQ HLQHU 2EHUIOlFKHQZHOWJHQRRKQHLKQHQVHOEVWDXVJHOLHIHUW]XVHLQ (U ZDU HLQ ZHQLJ HQWWlXVFKW DOV GLH 7ULYLGHRZDQG GXQNHO ZXUGH GHQQ JHUDGH KDWWHGHU7\UDQQRVDXUXVGDPLWDQJHIDQJHQVHLQH%HXWH]XYHU]HKUHQ ³'DV ZDU HLQH 6]HQH DXV GHU WHUUDQLVFKHQ .UHLGH]HLW HUNOlUWH GLH 6WLPPH YRQ 7DVKL 2PLVXNR GHU (UGJHVFKLFKWVOHKUHULQ GLH GLH *UXSSH XQWHUULFKWHWH ]X GHU +LUX .DPEDQG-DUYLV JHK|UWH ³(LJHQWOLFK PWHW LKU DOOH 7LHUH XQG 3IODQ]HQ GHV ,1)29LGHRV HUNDQQW KDEHQ GHQQ VLH VLQG HXFK MD EHUHLWV YRUJHVWHOOW ZRUGHQ:HQQGHQQRFKMHPDQGHLQH)UDJHKDWELWWHLFKXP0HOGXQJ (UVW MHW]W ZXUGH HLQ 7HLO GHU 7ULYLGHRZDQG ZLHGHU KHOO 'DULQ HUVFKLHQ GDV DEVROXW OHEHQGLJ ZLUNHQGH GUHLGLPHQVLRQDOH $EELOG YRQ 7DVKL GLH LQ HLQHP 6HVVHO OHKQWH HLQH NOHLQH 6WHXHUNRQVROH DXI GHQ .QLHQ 'DV HULQQHUWH +LUX ZLHGHU GDUDQ GD HU QLFKW PLW GHQ DQGHUHQ .LQGHUQ GHU *UXSSH ]XVDPPHQ LQ HLQHP /HNWLRQVUDXP ZDU VRQGHUQ JDQ] DOOHLQ LQ GHU .RPPXQLNDWLRQVNDPPHU HLQHV 3UDOOIHOGPRELOV VD GDV JDQ] REHQ DQ GHU 2EHUIOlFKH GHU :HOW VWDQG JHPHLQVDP PLW UXQG KXQGHUW DQGHUHQ 3UDOOIHOGPRELOHQ EHU GLH IHVWH $PPRQLDNVFKQHHGHFNHGHV*DUILHOG3ODWHDXVYHUVWUHXW )U HLQ SDDU $XJHQEOLFNH JULII GLH )XUFKW YRU GHU $XHQZHOW PLW LPDJLQlUHQ NDOWHQ )LQJHUQ QDFK +LUXV +HU]HQ (U NDQQWH LP *UXQGH ELVKHU QXU GLH .RUULGRUH :RKQHWDJHQ XQG (LQNDXIVSDVVDJHQ VRZLH GLH 6SRUWDQODJHQ XQG 6RODULHQYRQ/DVW+DUERU&LW\GHUULHVLJHQ+DXSWVWDGWGHU:HOWGLHXQWHUHLQHP 0HWHUGXUFKPHVVHQGHQ3DQ]HUSODVWVFKLOGELVLQHLQH7LHIHYRQ0HWHUQ LQGDVIHVWH$PPRQLDNHLVYHUVHQNWZDU (UVW VHLW ]ZHLHLQKDOE 7DJHQEHIDQG HU VLFK GUDXHQ ZHQQ DXFK GXUFK HLQH IDVW XQ]HUVW|UEDUH 6FKDOH DXV 3DQ]HUSODVW XQG HLQH 6LFKHUKHLWVVFKOHXVH YRU GHU IHLQGOLFKHQ1DWXUGHU:HOWJHVFKW]W 1XU HLQPDO KDWWH HU ELVKHU HLQHQ %LOGVFKLUP DXI $XHQDXIQDKPH JHVFKDOWHW KDWWH 6FKZDGHQ IHLQN|UQLJHQ $PPRQLDNVFKQHHV GXUFK GLH GQQH 0HWKDQ :DVVHUVWRII$WPRVSKlUHGHU:HOWWUHLEHQVHKHQXQGGDUEHUGLHWLHIKlQJHQGH URWH 6FKLFKW DXV :RONHQ NRPSOH[HU .RKOHQZDVVHUVWRIIPROHNOH GXUFK GHUHQ /|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

VHLQH(OWHUQDQGLHVHP$XIEDXPLWDUEHLWHQZROOWHQDEHUHUVDKQLFKWHLQGDHU GHVZHJHQ7DJXQG1DFKWLVROLHUWLQLKUHP3UDOOIHOGPRELOKHUXPKRFNHQVROOWH 1DWUOLFK QLFKW JDQ] LVROLHUW GHQQ EHU GLH .RPPXQLNDWLRQVDQODJH NRQQWH HU MHGHU]HLW PLW MHGHP )UHXQG MHGHU )UHXQGLQ XQG DOOHQ 9HUZDQGWHQ LQ GHQ &LW\V GHU :HOW VSUHFKHQ XQG VLH JOHLFK]HLWLJ VHKHQ XQG HU NRQQWH VLFK LQ GHQ 8QWHUULFKWVNUHLV HLQVFKDOWHQ XQG DQ GHQ /HNWLRQHQ WHLOQHKPHQ GLH GDV /HUQ]HQWUXPGHU%DXVWHOOHDEKLHOW $EHU GDV ZDU NHLQ JOHLFKZHUWLJHU (UVDW] IU GDV 8PKHUVWUHLIHQ LQ GHQ .RUULGRUHQ GDV6FKOHQGHUQ EHUGLH 3OlW]H GDV 8PKHUWROOHQPLWJOHLFKDOWULJHQ LQHLQHPGHU6SLHOVRODULHQXQGGLHYHUERWHQHQ$XVIOJHGXUFKGLH:DUWXQJXQG 5HSDUDWXUVFKlFKWHYRQ/+ZLH/DVW+DUERU&LW\PHLVWJHQDQQWZXUGH ³,FK KDEH HLQH )UDJH XQWHUEUDFK HLQH KHOOH 6WLPPH VHLQH XPKHUVFKZHLIHQGHQ *HGDQNHQ³,UL.LRQGLNHVSULFKW +LUX VDK VLH YRU VHLQHP JHLVWLJHQ $XJH GDV VFKODQNH NUlIWLJH 0lGFKHQ PLW GHP KHOOHQ IDVW ZHLHQ *HVLFKW XQG GHP WLHIVFKZDU]HQ +DDU GDV LPPHU ]X LUJHQGZHOFKHQ6WUHLFKHQDXIJHOHJWZDU6LHXQGQRFKGUHLDQGHUH.LQGHUNDQQWH HU LP 8QWHUVFKLHG ]X GHQ EULJHQ 7HLOQHKPHUQ GHU *UXSSHQ GHV 8QWHUULFKWVNUHLVHV GHP HU DQJHK|UWH $OOH DQGHUHQ 7HLOQHKPHU NDPHQ DXV DQGHUHQ XQG NOHLQHUHQ &LW\V GHU :HOW ZLH -XQJD &LW\ *ODGD &LW\ XQG 9HUQD &LW\ ³-D"HUZLGHUWH7DVKL2PLVXNR ³'LH WHUUDQLVFKH .UHLGH]HLW ZDU GRFK YRU UXQG KXQGHUWIQI]HKQ 0LOOLRQHQ -DKUHQ VDJWH ,UL ³:LH LVW HV GDQQ P|JOLFK 6]HQHQ DXV GLHVHU =HLW DXI]XQHKPHQ" %HVLW]HQ GLH 7HUUDQHU ZLUNOLFK =HLWPDVFKLQHQ PLW GHQHQ VLH VR WLHILQGLH9HUJDQJHQKHLWUHLVHQN|QQHQ" (LQSDDU.LQGHUGHV8QWHUULFKWVNUHLVHVGLHDOOHMHGHU]HLWDNXVWLVFKSUlVHQWZDUHQ XQGDOOHDQGHUHQ7HLOQHKPHUK|UHQNRQQWHQZHQQVLHVLFKDNXVWLVFKPLWWHLOWHQ ODFKWHQVS|WWLVFK ³:DUGHLQH)UDJHHUQVWJHPHLQW"HUNXQGLJWHVLFK7DVKLEHKXWVDP ³6HOEVWYHUVWlQGOLFK HQWUVWHWH VLFK ,UL ³,FK ZHL GD VLFK 6]HQHQ DXV GHU 9HUJDQJHQKHLW RGHU =XNXQIW PLW &RPSXWHUWULFNV V\QWKHWLVLHUHQ ODVVHQ DEHU GLH 6]HQH PLW GHP 7\UDQQRVDXUXV ZLUNWH VR UHDO GD LFK HV PLU LQ GHP )DOO JDU QLFKWYRUVWHOOHQNDQQ ³'DVJLQJPLUJHQDXVRDOVLFKVLHGDVHUVWHPDOVDKHUNOlUWH7DVKL³'HQQRFK LVW VLH V\QWKHWLVLHUW 'LH 7HUUDQHU EHVDHQ ]XU =HLW GHV $XIEUXFKV GHU *5$< /$'< ]ZDU HLQH =HLWPDVFKLQH GHQ VRJHQDQQWHQ 1XOO]HLW'HIRUPDWRU DEHU VRYLHOPLUEHNDQQWLVWNRQQWHHUPD[LPDOUXQG]ZHLKXQGHUWWDXVHQG-DKUHLQGLH 9HUJDQJHQKHLW]XUFNJHKHQ ³=ZHLKXQGHUWWDXVHQG -DKUH VLQG JHUDGH HLQ )QIWHO YRQ HLQHU 0LOOLRQ -DKUHQ ZDUIHLQHDQGHUH6WLPPHHLQ³7DLUX0F1DLUVSULFKW'LH.UHLGH]HLWDEHUEHJDQQ YRU KXQGHUWIQI]HKQ 0LOOLRQHQ -DKUHQ XQG HQGHWH YRU UXQG VHFK]LJ 0LOOLRQHQ -DKUHQ PLW GHP %HJLQQ GHV 7HUWLlU:RKHU ZROOHQ GLH7HUUDQHUGLH GDV ,1)2 9LGHR KHUVWHOOWHQ JHZXW KDEHQ ZLH HV ]X MHQHU =HLW DXI GHU 2EHUIOlFKH YRQ 7HUUDDXVVDKXQGZDVIU7LHUHXQG3IODQ]HQHVJDEZLHVLHOHEWHQXQGZHUZDV

RGHUZHQIUD" ³'DV ZXWHQ VLH GXUFK GLH VRJHQDQQWHQ /HLWIRVVLOLHQ YHUVWHLQHUWH 7LHUH XQG 3IODQ]HQ GLH IU EHVWLPPWH =HLWUlXPH FKDUDNWHULVWLVFK ZDUHQ XQG GLH VLFK YHUVWHLQHUW RGHU DOV $EGUFNH LQ GHQ *HVWHLQHQ ILQGHQ GLH VLFK LQ GHQ EHWUHIIHQGHQ=HLWUlXPHQELOGHWHQDQWZRUWHWHGLH/HKUHULQ ³$EHU 9HUVWHLQHUXQJHQ N|QQHQ GRFK QLFKWV EHU GDV 9HUKDOWHQ LQ GHU EHWUHIIHQGHQ 8PZHOW XQG GLH %H]LHKXQJHQ XQWHUHLQDQGHU DXVVDJHQ RGHU" IUDJWH7DLUXEHKDUUOLFKZHLWHU+LUXYHUVXFKWHVLFKGHQ-XQJHQYRU]XVWHOOHQ(V ZDU HLQ -XQJH GDV KDWWH HU QLFKW QXU DQ GHU 6WLPPH HUNDQQW VRQGHUQ QRFK VLFKHUHUDQVHLQHPPLWHLQHPXHQGHQGHQ9RUQDPHQGHQQHVZDUVHLWPHKUDOV ]HKQ-DKUHQEOLFKDXIGHU:HOWJHZRUGHQGDPlQQOLFKH9RUQDPHQPLWXXQG ZHLEOLFKHPLWL]XHQGHQKDWWHQ(VJHODQJ+LUXQLFKW6FKOLHOLFKKDWWHHU7DLUX QRFKQLHJHVHKHQREZRKOHUZDKUVFKHLQOLFKLUJHQGZLHPLWGHQ0F1DLUVDXV/ + YHUZDQGW ZDU GLH +LUXV (OWHUQ JXW NDQQWHQ $OOH JOHLFKQDPLJHQ /HXWH GHU :HOW VROOWHQ LUJHQGZLH PLWHLQDQGHU YHUZDQGW VHLQ (LQH HUUHJHQGH 9RUVWHOOXQJ ZLH+LUXHUVWMHW]WEHZXWZXUGH ³1DWUOLFKQLFKW EHDQWZRUWHWH7DVKL7DLUXV )UDJH ³'LHVH6DFKHQ ZXUGHQYRQ &RPSXWHUQ UHNRQVWUXLHUW $XI 7HUUD KDEHQ VLH VHKU KRFKZHUWLJH &RPSXWHU GLH VRJDU ]XP 7HLO ELRORJLVFK OHEHQ ZLH GLH ,QSRWURQLN 1$7+$1 DXI GHP HLQ]LJHQ7UDEDQWHQ7HUUDV ³:DUXPKDEHQZLUDXIGHU:HOWNHLQH,QSRWURQLN"IUDJWH+LURLPSXOVLY³+LUX .DPEDQG-DUYLVVSULFKW ³.DPEDQG-DUYLVULHIHLQHDQGHUH.LQGHUVWLPPH ³:LU KHLHQ .DPEDQG ,FK ELQ 5DQL .DPEDQG %HVWLPPW VLQG ZLU PLWHLQDQGHU YHUZDQGW+LUX,QZHOFKHP30RELOZRKQVWGX",FKZRKQHPLWPHLQHP9DWHU LQ30 ³,Q30DQWZRUWHWH+LUX³%HVXFKPLFKGRFKPDO5DQL ³%LWWH ULHI 7DVKL PDKQHQG ³,KU VHLG QLFKW DOOHLQ LP 8QWHUULFKWVNUHLV ]XVDPPHQJHVFKDOWHW 6SUHFKW EHU 3ULYDWDQJHOHJHQKHLWHQ ELWWH DXHUKDOE GHU /HNWLRQV]HLWHQEHUHXUH.RPPXQLNDWLRQVDQODJHQ ³(QWVFKXOGLJH7DVKLVDJWH5DQL ³$XFK HUNOlUWH +LUX ³$EHU GX KDVW PHLQH )UDJH QRFK QLFKW EHDQWZRUWHW 7DVKL 7DVKL 2PLVXNR OlFKHOWH DXV GHU 7ULYLGHRZDQG KHUDXV (V NDP +LUR WDWVlFKOLFK VRYRUDOVVlKHVLHLQVHLQH5LFKWXQJ²XQGHUIUDJWHVLFKREHVIU/HKUNUlIWH GLH 0|JOLFKNHLW JDE GLH 6FKOHU GHV 8QWHUULFKWVNUHLVHV PLW GHQHQ VLH MHZHLOV ]XVDPPHQJHVFKDOWHWZDUHQ]XVHKHQREZRKOVLHVLFKXQWHUHLQDQGHUQLFKWVHKHQ NRQQWHQ'DVZlUHVHLQHU0HLQXQJQDFKXQJHUHFKWJHZHVHQ ³:LU KDEHQ DXI /DVW +DUERU QRFK NHLQH ,QSRWURQLNHQ ZHLO QLHPDQG YRQ GHQ UXQG ]Z|OIWDXVHQG hEHUOHEHQGHQ GHU *5$< /$'< GLH YRU UXQG WDXVHQG -DKUHQ GLH )RUVFKXQJVVWDWLRQ *DOLHR *DOLOHL LQ %HVLW] QDKPHQ XQG GDPLW GLH %HVLHGOXQJ GHU :HOW HLQOHLWHWHQ GDV )XQNWLRQVSULQ]LS HLQHU ,QSRWURQLN NDQQWH XQG ZHLO GLH *5$< /$'< DXFK NHLQH ,1)26 PLWIKUWH LQ GHQHQ GLHVHV )XQNWLRQVSULQ]LSHUNOlUWZXUGH(VPXHLQVHKUNRPSOL]LHUWHV)XQNWLRQVSULQ]LS

VHLQ DEHU YLHOOHLFKW ZLUG HLQ )RUVFKXQJVWHDP GHU :HOW GLH ,QSRWURQLN HLQHV 7DJHVQHXHUILQGHQ ³$EHUZLUKDWWHQDXIGHU:HOWPHKUDOVWDXVHQG-DKUH=HLWGD]XHQWUVWHWHVLFK HLQH DQGHUH .LQGHUVWLPPH ³-HSX 7RPLWVFKXN VSULFKW ,P YRULJHQ -DKU ZDU GLH 7DXVHQGMDKUIHLHUGHU,QEHVLW]QDKPHGHU:HOW ³7DXVHQG -DKUH VLQG QLFKW YLHO ZHQQ GLH $QIDQJVEHY|ONHUXQJ QXU UXQG ]Z|OIWDXVHQG0HQVFKHQEHWUlJWZDQGWH7DVKLHLQ³,QGHQHUVWHQ-DKUHQZDUHQ GLH%UJHUYROOGDPLWDXVJHODVWHWXPLKUHQDFNWH([LVWHQ]]XULQJHQ ³6LH OLHIHQ QDFNW KHUXP" PDFKWH VLFK ,UL.LRQGLNH EHU GLH $XVIKUXQJHQ GHU /HKUHULQOXVWLJ³:LHREV]|Q 7DVKL ODFKWH VFKDOOHQG YLHOOHLFKW EHU GDV :RUW REV]|Q GHVVHQ %HGHXWXQJ ,UL ZDKUVFKHLQOLFKJDUQLFKWEHNDQQWZDUREZRKOVLHHVEHQXW]WKDWWH ³'DV :RUW QDFNW ZXUGH YRQ PLU LP 6LQQH YRQ ÃEHVLW]ORV JHEUDXFKW HUNOlUWH GLH /HKUHULQ DQVFKOLHHQG ³8QVHUH $KQHQ EHVDHQ YRU WDXVHQG -DKUHQ VR JXW ZLH QLFKWV DXHU LKUHP /HEHQ XQG GDV ZDU YRQ DOOHQ P|JOLFKHQ *HIDKUHQ VWlQGLJ EHGURKW (V JDE LPPHU ZLHGHU +XQJHUVQ|WH 0DQJHONUDQNKHLWHQ 6HXFKHQ PLW YLHOHQ +XQGHUWHQ YRQ 2SIHUQ 6WUDKOXQJVHLQEUFKH :DVVHU XQG 6DXHUVWRIIPDQJHO XQG .lOWH 'D KDWWH QLHPDQG =HLW VLFK XP WHFKQLVFK ZLVVHQVFKDIWOLFKHQ )RUWVFKULWW ]X NPPHUQ DXHU HU GLHQWH XQPLWWHOEDU GHP hEHUOHEHQVNDPSI ³8QG VSlWHU NDPHQ GLH $QJULIIH GHU 3DUDV\QWKRV DXV *XFN\ODQG PHLQWH -HSX 7RPLWVFKXNDOWNOXJ 0HKUHUH.LQGHUODFKWHQ ³,KU VROOWHW QLFKW *XFN\ODQG VDJHQ HUNOlUWH 7DVKL HUQVW ³'LH 3DUDV\QWKRV GLH LP $QWLSRGH 2QH OHEHQ VLQG XQVHUH 6LFKHUKHLWVSDUWQHU XQG PVVHQ VHKU HUQVW JHQRPPHQZHUGHQ ³:DUXP VDJHQ PDQFKH /HXWH HLJHQWOLFK *XFN\ODQG" ZROOWH ,UL .LRQGLNH ZLVVHQ ³6R JHQDX NDQQ LFK GDV DXFK QLFKW EHDQWZRUWHQ HUZLGHUWH 7DVKL ³'HU 1DPH *XFN\ODQG VROO VFKRQ ZlKUHQG RGHU QDFK GHP .RQIOLNW PLW GHQ 3DUDV\QWKRV JHSUlJW ZRUGHQ VHLQ ZDKUVFKHLQOLFK ZHLO GLHVH :HVHQ EHU lKQOLFKH SDUDSV\FKLVFKH )lKLJNHLWHQ YHUIJHQ ZLH VLH GHP OHJHQGlUHQ WHUUDQLVFKHQ &RPLF9LGHR0DXVELEHUQDPHQV*XFN\]XJHVFKULHEHQZHUGHQ ³*LEW HV *XFN\ ZLUNOLFK" NUlKWH HLQH OXVWLJH 6WLPPH ³7LVL 6FRE\5HVQLN VSULFKW ³:LH LFK EHUHLWV VDJWH KDQGHOW HV VLFK XP HLQH &RPLF9LGHR)LJXU HUNOlUWH 7DVKL PLW PLOGHP 9HUZHLV ³(LQH &RPLF9LGHR)LJXU LVW DEHU VWHWV GLH $XVJHEXUWHLQHUDXVVFKZHLIHQGHQXQGOHLFKWHQWDUWHWHQ3KDQWDVLH +LUX YHU]RJ GDV *HVLFKW DOV GLH /HKUHUQ GLHVH %HKDXSWXQJ DXIVWHOOWH (U IDQG &RPLF9LGHR)LJXUHQ 6SLW]H $XHUGHP JODXEH HU IHVW GDUDQ GD GHU 0DXVELEHU *XFN\ ZLUNOLFK H[LVWLHUW KDWWH 9LHOOHLFKW ZDU HU MD QXU HLQ 7HUUDQHU JHZHVHQ GHU VLFK DOV 0DXVELEHU YHUNOHLGHW KDWWH DEHU GLH SDUDSV\FKLVFKHQ )lKLJNHLWHQ ZLH 7HOHSDWKLH XQG 7HOHNLQHVH NRQQWHQ NHLQH $XVJHEXUWHQ VHLQHU 3KDQWDVLH JHZHVHQ VHLQ GHQQ HV JDE VLH ZLUNOLFK ZLH GLH 3DUDV\QWKRV IUKHU

HLQPDOEHZLHVHQKDWWHQ ³:DUXPEHVXFKHQGLH3DUDV\QWKRVXQVQLFKWHLQPDO"IUDJWHHULPSXOVLY ³'DV JLQJH QLFKW JXW HQWJHJQHWH 7DVKL XQJHZ|KQOLFK VFKDUI ³'LH 0HQWDOLWlW GHU3DUDV\QWKRVXQGXQVHUHVLQGVRJUXQGYHUVFKLHGHQGDHLQHQJHU.RQWDNW]X .RQIOLNWHQPLWXQDEVHKEDUHQ)ROJHQIKUHQZUGH1HLQ+LUXGLH3DUDV\QWKRV VROOHQDXILKUHP'ULWWHOGHU:HOWEOHLEHQXQGZLUDXIXQVHUHQ]ZHL'ULWWHOQ8QG GDPLW LVW GLH KHXWLJH /HNWLRQ EHHQGHW ,FK ZQVFKH HXFK HLQHQ JXWHQ 1DFKPLWWDJ .LQGHU ² XQG HUPDKQH HXFK QLHPDOV DOOHLQ HXUH 30RELOH ]X YHUODVVHQ XQG DOOH $QZHLVXQJHQ HXUHU (OWHUQ RGHU VRQVWLJHU (U]LHKXQJVEHUHFKWLJWHQVWULNW]XEHIROJHQ'LH:HOWLVWVFK|QDEHUQXUIUGHQ GHUYRUVLFKWLJLVW ³,FK PX MHW]W PDO DXIV .OR HUW|QWH GLH 6WLPPH HLQHV +LUX XQEHNDQQWHQ .LQGHV³:HOFKH9RUVLFKWVPDQDKPHQPXLFKGDEHLEHDFKWHQ7DVKL" 0LWWHQ LP DOOJHPHLQHQ *HOlFKWHU GHU .LQGHU ZXUGH GHU 8QWHUULFKWVNUHLV GHVDNWLYLHUW XQG +LUX .DPEDQG-DUYLV IDQG VLFK DOOHLQ LQ GHU .RPPXQLNDWLRQVNDPPHUYRQ30RELO6LHEHQXQGDFKW]LJZLHGHU $OVGDVPLW|QHQGH3IHLIHQLQVHLQHP+HOPIXQNHUVFKROOXQGDXIGHU,QQHQVHLWH GHV 5XQGVLFKWKHOPV HLQ EOXWURWHU )OHFN DXIOHXFKWHWH XQG SXOVLHUWH HUVWDUUWH /DWRU.DPEDQG-DUYLVIUHLQLJH+HU]VFKOlJH 6WUDKOHQDODUP 'DV EHGHXWHWH GLH 0HVWDWLRQHQ XQG 6DWHOOLWHQ GHU :HOW KDWWHQ HLQHQ VWDUNHQ 6WUDKOHQDXVEUXFKDXI+RW%HDVWIHVWJHVWHOOWGHP3ODQHWHQGHUVPDUDJGJUQHQ 6RQQH(PHUDOGGHQ/DVW+DUERUDOVYLHUWHU0RQGXPOLHI ³$FKWXQJ GU|KQWH HLQH 6WLPPH LQ /DWRUV +HOP ³6WDUNHU $XVEUXFK YRQ 3URWRQHQVWUDKOXQJ DXI GHU XQV ]XJHZDQGWHQ 2EHUIOlFKH YRQ +RW %HDVW %LVKHU ZLUG HLQ XP GHQ )DNWRU KXQGHUWWDXVHQG HUK|KWHU :HUW JHPHVVHQ 'DV LVW DEHU QRFK QLFKW GDV 0D[LPXP $OOH 0HQVFKHQ DXHUKDOE GHU &LW\V PVVHQ VRIRUW VWUDKOHQVLFKHUH 8QWHUNQIWH DXIVXFKHQ +|FKVWH /HEHQVJHIDKU ,FK ZLHGHUKROH ,QJHQLHXU.DPEDQG-DUYLVIKOWHZLHHLVLJH.lOWHGXUFKVHLQH*OLHGHUNURFK(U UL VLFK JHZDOWVDP ]XVDPPHQ VFKDOWHWH VHLQ )OXJDJJUHJDW HLQ MXVWLHUWH HV DXI $XWRPDWVWHXHUXQJ QDFK 3HLOVHQGHU LP 30RELO XQG PD[LPDOH *HVFKZLQGLJNHLW XQG KRIIWH GD 6LUL HEHQIDOOV VFKQHOO UHDJLHUWH XQG LQ 6LFKHUKHLW VHLQ ZUGH VREDOG GLH HQHUJLHUHLFKHQ 3URWRQHQ GHV ³KHLHQ *DVULHVHQ GLH %DXVWHOOH HUUHLFKWHQ 6HLQH )UDX DUEHLWHWH DQ GLHVHP 7DJ DQ GHU HQWJHJHQJHVHW]WHQ 6HLWH GHV JURHQ %DXSODW]HV DXI GHP GDV *DUU\ -DUYLV 5DXPIDKUW]HQWUXP HQWVWHKHQ VROOWH 6LH ZDU 9HUPHVVXQJVWHFKQLNHULQ ZlKUHQG HU DOV 7ULHEZHUNVLQJHQLHXU GLH (LQKDOWXQJGHU%DXSOlQHIUGHQ7ULHEZHUNV(USUREXQJV.RPSOH[EHUZDFKHQ PXWH *DUU\-DUYLV5DXPIDKUW]HQWUXP 'HU1DPHZDUGHUGHVHUVWHQ$GPLQLVWUDWRUYRQ/DVW+DUERUGHPGLHKHXWHDXI GHU :HOW OHEHQGHQ UXQG 0LOOLRQHQ 0HQVFKHQ SUDNWLVFK LKUH ([LVWHQ] YHUGDQNWHQ GHQQ RKQH LKQ ZlUH GDV )OFKWOLQJVVFKLII *5$< /$'< QLFKW YRU

HLQHPYHUIROJHQGHQ'RODQQDFK6WDUEHGHQWNRPPHQ]ZHLWHQVKlWWHQGLH6LHGOHU XQG GLH 6FKLIIVPDQQVFKDIW QLFKW JHJHQ GLH 3OQGHUHU XQG 0|UGHU JHVLHJW GLH GLH HKHPDOLJH )RUVFKXQJVVWDWLRQ *DOLOHR *DOLOHL DXI GHP 7UDEDQWHQ GHV *DVULHVHQ LOOHJDO EHVHW]W KLHOWHQ XQG PLW EUXWDOHQ 0LWWHOQ YHUWHLGLJWHQ XQG GULWWHQV KlWWHQ GLH hEHUOHEHQGHQ GHU *5$< /$'< QLFKW GLH .DWDVWURSKHQ GHU HUVWHQSDDU-DKUHEHUVWDQGHQ /DWRU ZDU VWRO] DXI LKQ XQG HU ZDU HLQ ZHQLJ VWRO] DXI GHQ 1DPHQ -DUYLV LQ VHLQHP 'RSSHOQDPHQ ]HXJWH HU GRFK GDYRQ GD HU ZHQQ YLHOOHLFKW DXFK ZHLWOlXILJPLWGHPHUVWHQ$GPLQLVWUDWRUGHU:HOWYHUZDQGWZDU 'DV OHLFKWH 6FKQHHWUHLEHQ KDWWH /DWRU QLFKW EHL VHLQHU $UEHLW EHKLQGHUW DEHU MHW]WGDHUPLWKRKHU*HVFKZLQGLJNHLWEHUGHQ%DXSODW]UDVWHYHUGLFKWHWHVLFK GHU 6FKQHH IDNWLVFK XQG EDOOWH VLFK DQ GHU 9RUGHUVHLWH VHLQHV .ODUVLFKWKHOPV ]XVDPPHQVRGDHULKPVWlQGLJZHJZLVFKHQPXWH ,PPHUZLHGHUWDXFKWHQVFKHPHQKDIWDQGHUH%HVFKlIWLJWHDP3URMHNWDXIGLHZLH HU LKUH 3UDOOIHOG0RELOH DQVWHXHUWHQ (LJHQWOLFK PWH HU VHLQ 0RELO VFKRQ HUUHLFKW KDEHQ +RIIHQWOLFK ZDU HV +LUX QLFKW HLQJHIDOOHQ VHLQHQ $XHQDQ]XJ DQ]X]LHKHQXQGGUDXHQXPKHU]XJHKHQ(UKDWWH]ZDUELVKHUQLFKWJH]HLJWGD HUDQVROFKHQ8QWHUQHKPXQJHQLQWHUHVVLHUWZDU]XP.XPPHUVHLQHU(OWHUQ² DEHU EHL HLQHP =HKQMlKULJHQ NRQQWH VLFK GDV YRQ HLQHP DXI GHQ DQGHUHQ 7DJ lQGHUQ (QGOLFK HQWGHFNWH /DWRU VFKUlJ YRU VLFK GLH VHOEVWOHXFKWHQGH PDQQVJURH %HVFKULIWXQJ30DQGHU+LQWHUZDQGHLQHVJHSDUNWHQIQI]HKQ0HWHUODQJHQ VHFKV 0HWHU EUHLWHQ XQG YLHU 0HWHU KRKHQ JHSDQ]HUWHQ 3UDOOIHOGJOHLWHUV GHU ]XVlW]OLFKPLWEUHLWHQ*OHLVNHWWHQDXVJHVWDWWHWZDU (U VFKDOWHWH GLH $XWRPDWVWHXHUXQJ DE XQG IORJ ELV ]XP $XHQVFKRWW GHU 6FKOHXVH GDV VRZRKO 5DGDULPSXOVH DEVWUDKOWH DOV DXFK 1RUPDO XQG ,QIUDURWOLFKW DXVVDQGWH GDPLW HV QLHPDOV XQG XQWHU NHLQHQ 8PVWlQGHQ YHUIHKOW ZHUGHQNRQQWH /DWRUODQGHWH (LJHQWOLFK KlWWH HU VLFK XQYHU]JOLFK LQ 6LFKHUKHLW EULQJHQ PVVHQ 'DV ZDU 9RUVFKULIW IU 1RWIlOOH ZLH GLHVHQ GHQQ MHGH XQQ|WLJH 9HU]|JHUXQJ NRQQWH HEHQVRXQQ|WLJH9HUOXVWHDQ0HQVFKHQOHEHQYHUXUVDFKHQ $EHU /DWRU GDFKWH QLFKW GDUDQ GLHVH 9RUVFKULIW HLQ]XKDOWHQ :HQQ HU VLFK HLQVFKOHXVWHOLHVLFKZlKUHQGGLHVHU=HLWVSDQQHGDV$XHQVFKRWWQLFKW|IIQHQ )DOOV 6LUL DXVJHUHFKQHW GDQQ HLQWUDI PXWH VLH ZDUWHQ ELV HU GULQQHQ ZDU XQG GDV,QQHQVFKRWWVLFKZLHGHUKLQWHULKPJHVFKORVVHQKDWWH %LVGDKLQDEHUNRQQWHGHU6WUDKOHQVWXUPGLH2EHUIOlFKHGHU:HOWHUUHLFKHQZDV IU6LULHQWZHGHUHLQHQVFKQHOOHQRGHUHLQHQODQJVDPHQTXDOYROOHQ7RGEHGHXWHQ ZUGHMHQDFK'LFKWHXQG(QHUJLHJHKDOWGHUKHUDEJHVFKOHXGHUWHQ3URWRQHQ 'HVKDOE VRUJWH HU QXU GDIU GD GDV $XHQVFKRWW VLFK |IIQHWH LQGHP HU HLQH +DQG IODFK GDUDXI GUFNWH XQG GDPLW GHQ 5HL]LPSXOVVHQGHU LP +DQGVFKXK DNWLYLHUWH'DQDFKZDUWHWHHUYRUGHURIIHQHQ6FKOHXVHQNDPPHU ,PPHUZLHGHUUDVWHQ*HVWDOWHQLQ6FKXW]DQ]JHQKHUDQDEHUMHGHVPDOIORJHQVLH DQ30YRUEHL/DWRUZDUQDKHGDUDQLQ3DQLNDXV]XEUHFKHQDOVHLQH*HVWDOW

HQGOLFKDXILKQ]XKLHOWKDUWDEEUHPVWHXQGLKPLQGLH$UPHIORJ =XUFNWDXPHOQG]RJHUVHLQH )UDXPLWLQGLH6FKOHXVHQNDPPHUXQGVFKOXJPLW GHU )DXVW JHJHQ GLH 6FKDOWSODWWH DQ GHU UHFKWHQ :DQG GLH DOOHV ZHLWHUH YHUDQODWH 'DV$XHQVFKRWWVFKORVLFKVFKQHOOXQGODXWORV .HLQH6HNXQGH]XIUKGHQQNDXPZDUHVJHVFKORVVHQDOVGDV$Q]HLJHJHUlWLQ GHU.DPPHUURWDXIVWUDKOWHXQGGHUDQJH]HLJWH:HUWDXIKRFKVFKQHOOWH 0HJDYROW (LQH DEVROXW W|GOLFKH 'RVLV DXFK IU 7UlJHU YRQ 6FKXW]DQ]JHQ GLH PLW HLQHU 6WUDKOHQDEVFKLUPXQJYHUVHKHQZDUHQ =XP *OFN ZDUHQ GDV 3UDOOIHOGPRELO XQG GDV $XHQVFKRWW VR PDVVLY JHJHQ 6WUDKOHQ JHSDQ]HUW GD GDV LQQHQ DQJHEUDFKWH 'RVLPHWHU QXU ZHQLJH 0LOOLUHP DQ]HLJWH 'LH 0HJDYROW ZXUGHQ YRQ GHP DXHQ DP 0RELO PRQWLHUWHQ 'RVLPHWHUHUPLWWHOW ³'DVZDUNQDSSVDJWH6LUL /DWRUQLFNWHVFKZHLJHQGXQG]RJVLHZHLWHUDOVGDV,QQHQVFKRWWVLFK|IIQHWH ,PQlFKVWHQ0RPHQWKLQJ+LUXZHLQHQGDQLKQHQ 6LUL XQG/DWRU XPDUPWHQ LKQXQGVWULFKHQLKPWU|VWHQGEHUV+DDU6LHZXWHQ EHLGH ZDV LKUHQ 6RKQ VR HUVFKWWHUW KDWWH GLH ,QQHQDQ]HLJH GHV $XHQGRVLPHWHUVLPDQGLH6FKOHXVHQNDPPHUJUHQ]HQGHQ)OXU-HGHV.LQGGHU :HOW ZXWH EHU 6WUDKOXQJHQ XQG LKUH 6FKlGOLFKNHLWVJUDGH %HVFKHLG +LUX PXWHGDV6FKOLPPVWHIUVHLQH(OWHUQEHIUFKWHWKDEHQDOVHUGHQ:HUWDXIGHU ,QQHQDQ]HLJHDEJHOHVHQKDWWH (V GDXHUWH HLQH JDQ]H :HLOH ELV GHU -XQJH VLFK EHUXKLJWH /DWRU NRQQWH QLFKW VRODQJH ZDUWHQ GHQQ GHU 9LVLSKRQPHOGHU SILII XQG LQ GHU JHJHQZlUWLJHQ 6LWXDWLRQNRQQWHGDVQXUEHGHXWHQGDMHPDQGLQ1RWZDUXQGHUKHOIHQPXWH (UJLQJKLQXQGVFKDOWHWHGDV*HUlWHLQ $XI GHP %LOGVFKLUP HUVFKLHQ GDV *HVLFKW YRQ :LQJDG 6DUNRQLV GHV 'LUHNWRUV GHU%DXVWHOOH ³.RUXQ 7RPLWVFKXN XQG VHLQH )UDX +DQL VLQG QRFK GUDXHQ VDJWH :LQJDG ³6LH KDWWHQ PLW HLQHP 7UDNWRU GLH %DXVWHOOH YHUODVVHQ XP HLQHQ VWHFNHQJHEOLHEHQHQ/DVWVFKOLWWHQDE]XVFKOHSSHQ :LQJDGV*HVLFKWYHUVFKZDQGGDIUHUVFKLHQHLQHhEHUVLFKWVNDUWHGHU%DXVWHOOH XQGGHU8PJHEXQJ(LQURWHU3XQNWSXOVLHUWHHWZDHOI.LORPHWHUVG|VWOLFKGHV GXUFKHLQHQJUQOHXFKWHQGHQ.UHLVJHNHQQ]HLFKQHWHQ6WDQGRUWVYRQ30GHV 3UDOOIHOGPRELOVGHU7RPLWVFKXNV ³,UJHQGZR GD]ZLVFKHQ PVVHQ VLH YRQ GHU 6WUDKOXQJ HUZLVFKW XQG ]X %RGHQ JHJDQJHQ VHLQ HUOlXWHUWH :LQJDGV 6WLPPH ³'LH 6FKDOWHOHPHQWH LKUHU )OXJDJJUHJDWH VLQG QDWUOLFK EHL GUHLKXQGHUWDFKWXQGVHFK]LJ 0HJDYROW VRIRUW DXVJHIDOOHQ:LUPVVHQVLHEHUJHQ/DWRU /DWRUSUHWHGLH/LSSHQ]XVDPPHQ 6HOEVWYHUVWlQGOLFKZDUHQ+DPLXQG.RUXQQLFKWPHKU]XUHWWHQQLFKWEHLHLQHP GHUDUW LQWHQVLYHQ 3URWRQHQVWXUP $EHU HEHQVR VHOEVWYHUVWlQGOLFK GXUIWHQ VLH QLFKWGUDXHQOLHJHQEOHLEHQ

1DWUOLFKNRQQWHNHLQ0HQVFKKLQDXV :RKODEHUHLQ5RERWHU 0D[ /DWRU.DPEDQG-DUYLVYHUIJWHEHUGHQHLQ]LJHQPRELOHQ5RERWHUGHU:HOWGHU JHHLJQHW ZDU 0HQVFKHQ DXV HLQHU 6WUDKOXQJVK|OOH ]X EHUJHQ 1DWUOLFK JDE HV EHUDOOLQGHQ6WlGWHQXQG)DEULNDQODJHQ5RERWHUDEHUVLHZDUHQQLFKWKRPLQLG JHVWDOWHWVRQGHUQUHLQ]ZHFNEHGLQJWXQGPHLVWLQ$QODJHQNRPSOH[HLQWHJULHUW $XV*UQGHQGLHQLHPDQGJHQDXHUNOlUHQNRQQWHKHUUVFKWHLQGHU%HY|ONHUXQJ GHU :HOW HLQH XQEHUZLQGOLFKH $EQHLJXQJ JHJHQEHU 5RERWHUQ GLH lXHUOLFK HLQ(EHQELOGGHV0HQVFKHQZDUHQ 1XU ZHQLJH 0LWEUJHU WHLOWHQ GLHVH $EQHLJXQJ QLFKW EH]LHKXQJVZHLVH QLFKW LQ JOHLFKHP 0DH =X LKQHQ JHK|UWH /DWRU *HPHLQVDP PLW DQGHUHQ ,QJHQLHXUHQ KDWWH HU YRU ]ZHL -DKUHQ 0D[ NRQVWUXLHUW XQG JHEDXW (LJHQWOLFK ZDU HU DOV 3URWRW\SIUHLQHJDQ]H6HULHYRQYLHOOHLFKWIQIKXQGHUW$UEHLWVURERWHUQJHGDFKW JHZHVHQDEHUGLHKHIWLJHQ5HDNWLRQHQGLHVHLQH9RUVWHOOXQJEHU=HQWUDO,1)2 DXVJHO|VWKDWWHZDUHQGDV$XVIUDOOHGLHVH3OlQHJHZHVHQ (V ZXUGH NHLQ ZHLWHUHU KRPLQLGHU 5RERWHU JHEDXW XQG 0D[ ZXUGH QDFK $EVROYLHUXQJ DOOHU QRWZHQGLJHQ )XQNWLRQVWHVWV GHVDNWLYLHUW XQG TXDVL HLQJHPRWWHW $OV/DWRUVLFKDXIGLH%DXVWHOOHYHUSIOLFKWHWKDWWHZDUHVLKPQDFKKDUWQlFNLJHP 5LQJHQJHOXQJHQGLHDPWOLFKH(UODXEQLVGDIU]XHUZLUNHQGDHU0D[LQHLQHU $UW +DQJDUVFKOHXVH DP +HFN VHLQHV 3UDOOIHOG0RELOV PLWQHKPHQ GXUIWH GHVDNWLYLHUW QDWUOLFK (U KDWWH PLW HLQHP GHQNEDUHQ 1RWIDOO DUJXPHQWLHUW EHL GHP GLH 6WUDKOXQJ VR LQWHQVLY ZDU GD 0HQVFKHQ QLFKW HLQPDO PLW VFKZHUVWHQ 6WUDKOHQVFKXW]DQ]JHQQDFKGUDXHQJHKHQNRQQWHQ 1XQZDUGLHVHU1RWIDOOHLQJHWUHWHQ /DWRU]|JHUWHNHLQH6HNXQGH(UJLQJLQGLHNOHLQH.DPPHUGLHXQPLWWHOEDUDQ GLH +DQJDUVFKOHXVH YRQ 0D[ JUHQ]WH VFKDOWHWH GLH .RQWUROO XQG 6WHXHUDQODJH IUGHQ5RERWHUHLQDNWLYLHUWH0D[]XVHLQHPSRVLWURQLVFKHQXQGPHFKDQLVFKHQ /HEHQ OLH GDV $XHQVFKRWW GHU 6FKOHXVH IHUQVWHXHUWHFKQLVFK DXIJOHLWHQ XQG GLULJLHUWH0D[KLQDXV $XI GHP %LOGVFKLUP YRU /DWRU ZDU GLH $XHQZHOW ]X VHKHQ ZLH VLH VLFK GHQ EHLGHQ $XJHQ]HOOHQ GHV 5RERWHUV GDUERW (V KDWWH DXIJHK|UW ]X VFKQHLHQ 'HU +LPPHO ZDU ELV DXI HLQ SDDU bWK\OHQIHGHUZRONHQ XQZDKUVFKHLQOLFK NODU XQG YRP =HQLW VWUDKOWH GHU VPDUDJGJUQH 6WHUQ (PHUDOG KHUDE XQEHUKUW YRP JLJDQWLVFKHQ6FKDWWHQGHV*DVULHVHQGHUOLQNVGDYRQVHLQH%DKQ]RJ 1LFKWV ZDU ]X VHKHQ YRQ GHU W|GOLFKHQ 6WUDKOXQJ GLH YRQ +RW %HDVW DXI /DVW +DUERUKHUXQWHUSUDVVHOWHXQGGRFKZDUVLHGD 'HU ]ZHL 0HWHU KRKH EUHLWVFKXOWULJH 5RERWHU PLW VHLQHU +OOH DXV 6XSHU $WURQLWDO&RPSRVLWXP GLH ]XVlW]OLFK YRQ GHU +DXW HLQHV 0DYHULFN&DSHV JHVFKW]W ZXUGH DOOHV 0DWHULDOLHQ DXV GHQ hEHUUHVWHQ GHU *5$< /$'< YRQ GHQHQ LQ]ZLVFKHQ NHLQH 9RUUlWH PHKU H[LVWLHUWHQ VWDSIWH XQEHUKUW YRQ DOOHP EHUGLH6FKQHHGHFNHXQGKLQWHUOLHWLHIH)XVSXUHQ /DWRU PXWH 0D[ QDWUOLFK QLFKW MHGH %HZHJXQJ YRUJHEHQ ,P *UXQGH

JHQRPPHQ KlWWH HLQ HLQ]LJHU %HIHKO JHQJW XP GHQ 5RERWHU ]X YHUDQODVVHQ VHOEVWlQGLJ QDFK GHQ 9HUVFKROOHQHQ ]X VXFKHQ XQG VLH ]X EHUJHQ $EHU HV ZDU 9RUVFKULIWGHQKRPLQLGHQ5RERWHUXQWHUSHUPDQHQWHU.RQWUROOH]XKDOWHQ ,P5DXPXQWHUGHUZHQLJHUJXWJHJHQKDUWH6WUDKOXQJJHVFKW]WHQ6WHXHUNDQ]HO GHV 3UDOOIHOG0RELOV KDWWH 6LUL XQWHUGHVVHQ GLH 1RWVWHXHUDQODJH DNWLYLHUW 'DV 0RELO KRE DE XQG JOLWW GLFKW KLQWHU 0D[ GHU GDQDFK HEHQIDOOV DEKRE XQG I|UPOLFKGDYRQVFKREHUGLH6FKQHHGHFNH 6FKRQ EDOG EOLHEHQ GLH 0DUNLHUXQJVVWlEH DP 5DQGH GHU %DXVWHOOH KLQWHU GHP 5RERWHU XQG GHP 0RELO ]XUFN 9RU LKQHQ HUVWUHFNWH VLFK HLQ VDQIW JHQHLJWHU +DQJDXVGHPKLHUXQGGD$PPRQLDNNOLSSHQUDJWHQ$XIGLHVHP+DQJJDEHV DXFK YHUERUJHQH 6SDOWHQ (LQH YRQ LKQHQ ZDU VLFKHU GHP /DVWVFKOLWWHQ ]XP 9HUKlQJQLVJHZRUGHQGHQGLH7RPLWVFKXNVKDWWHQDEVFKOHSSHQZROOHQ 'RFK GDV LQWHUHVVLHUWH /DWRU LP 0RPHQW QLFKW EHVRQGHUV 'DUXP PRFKWHQ VLFK VSlWHUDQGHUH/HXWHNPPHUQ (UEHXJWHVLFKXQZLOONUOLFKYRUDOV0D[LKPEHU)XQNPLWWHLOWH ³=ZHL PHQVFKOLFKH *HVWDOWHQ LQ 6FKXW]DQ]JHQ KXQGHUW]ZDQ]LJ 0HWHU YRUDXV 6LHOLHJHQDXIGHP%RGHQ *OHLFK GDUDXI VDK /DWRU VLH HEHQIDOOV ZHQQ DXFK QXU LQGLUHNW EHU 0D[ $XJHQ]HOOHQ 'DV PXWHQ +DQL XQG .RUXQ 7RPLWVFKXN VHLQ 6LH UKUWHQ VLFK QLFKWDEHUGDVZDUQLFKWDQGHUV]XHUZDUWHQJHZHVHQ'HQQRFKYHUXUVDFKWHGHU $QEOLFN/DWRU+HU]EHNOHPPXQJ 8QGHLQHQ*UROODXIGLH0LWEUJHUGLHGHQ%DXKRPLQLGHU5RERWHUZHJHQLKUHU HPRWLRQDOHQ $EOHKQXQJ YHUKLQGHUW KDWWHQ GHQQ VRQVW JlEH HV LQ]ZLVFKHQ +XQGHUWHVROFKHU0DVFKLQHQPHQVFKHQXQGDXFKDXIGHU%DXVWHOOHZlUHQJHQXJ YRQLKQHQYRUKDQGHQJHZHVHQVRGDNHLQH0HQVFKHQPLWHLQHP7UDNWRUKlWWHQ KLQDXVIDKUHQ PVVHQ XP HLQHQ KDYDULHUWHQ IHUQJHVWHXHUWHQ /DVWVFKOLWWHQ DE]XVFKOHSSHQ 0D[HUUHLFKWHGLH7RPLWVFKXNVXQGGDV3UDOOIHOG0RELOKLHOWXQPLWWHOEDUKLQWHU LKPDQ'HU5RERWHUKREGLHEHLGHQSXSSHQKDIWDQPXWHQGHQ*HVWDOWHQPKHORV HPSRU XQG WUXJ VLH LQ VHLQHQ 6FKOHXVHQKDQJDU GHQ /DWRU LQ]ZLVFKHQ ZLHGHU JH|IIQHWKDWWH+LQWHULKPVFKORVLFKGDV6FKRWWH ³(UOHGLJWULHI/DWRUVHLQHU)UDXEHU,QWHUNRP]X³=XP/D]DUHWW (UGDFKWHGDUEHUQDFKZLHGHU8QIDOOGHU7RPLWVFKXNVKlWWHYHUKLQGHUWZHUGHQ N|QQHQZlKUHQGHUGLH'HNRQWDPLQDWLRQVGXVFKHGHU+DQJDUVFKOHXVHDNWLYLHUWH XQGZlKUHQG6LULGDV3UDOOIHOG0RELODXIGHU6WHOOHZHQGHWH $XFK RKQH 5RERWHU KlWWH PHKU IU GLH 6LFKHUKHLW GHU DXI GHU %DXVWHOOH %HVFKlIWLJWHQ JHWDQ ZHUGHQ N|QQHQ %HLVSLHOVZHLVH LQGHP VWDWW GHU RIIHQHQ 7UDNWRUHQ PLW LKUHQ *OHLVNHWWHQ XQG GHQ 7UDNWRUVWUDKOSURMHNWRUHQ JHVFKORVVHQH XQG JHSDQ]HUWH )DKU]HXJH YHUZHQGHW ZRUGHQ ZlUHQ 'D ZDU DQVFKHLQHQG YRQ MHPDQGLQGHU%URNUDWLHGHU$GPLQLVWUDWLRQHLQH&RPSXWHUEHUHFKQXQJEHUGLH :DKUVFKHLQOLFKNHLW H[WUHP VWDUNHU 6WUDKOHQVWUPH GHU $XVVWDWWXQJVSODQXQJ ]XJUXQGH JHOHJW ZRUGHQ XQG QLHPDQG KDWWH EHGDFKW GD HLQ ([WUHPIDOO GHU ODXW 6WDWLVWLN QXU HLQPDO LQ HLQHU 0LOOLRQ -DKUHQ SDVVLHUWH VFKRQ LP HUVWHQ YRQ HLQHU0LOOLRQ-DKUHQHLQWUHWHQNRQQWH

0HQVFKOLFKH5LVLNR0HQWDOLWlW 9LHOOHLFKWHLQ(UEHMHQHU$KQHQGLHDXI7HUUDJHOHEWKDWWHQZRZDKUVFKHLQOLFK OHLFKWIHUWLJHV +DQGHOQ QLFKW PLW GHP 7RGH HLQHU 0HQVFKHQ HUNDXIW ZHUGHQ PXWH 'DV /D]DUHWW ZDU LP *UXQGH JHQRPPHQ DXFK QXU HLQ 3UDOOIHOG0RELO ZHQQ DXFKPLWDQGHUHU,QQHQHLQULFKWXQJ $OV30QDKWH|IIQHWHVLFKGDV6FKRWWGHV/D]DUHWWV'LFKWGDYRUVWRSSWH30 DEXQGJOHLFKGDUDXIHLOWH0D[PLWGHQEHLGHQ7RPLWVFKXNVKLQEHU+LQWHU LKPVFKORVLFKGDV$XHQVFKRWWGHU/D]DUHWWVFKOHXVHZLHGHU 6LUL NDP DXV GHP 1RWVWHXHUUDXP ]X LKUHP 0DQQ XQG OHKQWH VLFK PLW GHP 5FNHQDQGLH:DQG ³:DVGHQNVWGX"IUDJWHVLH]DJKDIW /DWRUVFKWWHOWHVFKZHLJHQGGHQ.RSI ³'DV KlWWH QLFKW VHLQ PVVHQ ULHI 6LUL ]RUQLJ ³(QWZHGHU KlWWHQ ZLU 5RERWHU EDXHQXQGEHL$XHQDUEHLWHQHLQVHW]HQN|QQHQRGHU7UDNWRUHQGLHJOHLFKZHUWLJ ZLH3UDOOIHOG0RELOHJHVFKW]WVLQG ³7HUUDQHU0HQWDOLWlWPHLQWH/DWRU 'RFKLPVHOEHQ$XJHQEOLFNDOVHUHVDXVVSUDFKZXUGHHUVLFKNODUGDUEHUZLH VFKZDFKVHLQH$UJXPHQWDWLRQZDU(VVSLHOWHNHLQH5ROOHLQZLHZHLWGDV)KOHQ GHU 0HQVFKHQ YRQ /DVW +DUERU QRFK YRQ HUHUEWHQ WHUUDQLVFKHQ 0HQWDOLWlWVIDNWRUHQ JHSUlJW ZXUGH GDV 'HQNHQ KlWWH GDYRQ QLFKW EHHLQIOXW ZHUGHQGUIHQ ³,FK ZHUGH GLH $QJHOHJHQKHLW YHUIROJHQ ELV GLH 6FKXOGLJHQ IU GHUDUWLJH 9HUVlXPQLVVHJHIXQGHQ XQGDEJHO|VW VLQGYHUVSUDFKHU ³6RHWZDVNDQQQLFKW PLW*HIKOHQHQWVFKXOGLJWZHUGHQ ³'DVGHQNHLFKDXFKHUZLGHUWH6LULELWWHU³+DQLXQG.RUXQ²WRWQXUZHLOHLQ SDDU %URNUDWHQ QLFKW QDFKJHGDFKW VRQGHUQ JHIKOVPlLJ JHKDQGHOW EH]LHKXQJVZHLVHHLQH8QWHUODVVXQJVVQGHEHJDQJHQKDEHQ 6LHVFKZLHJDOVGHU9LVLSKRQPHOGHUSILII /DWRU VFKDOWHWH GDV *HUlW HLQ 'DV *HVLFKW YRQ 2PEXQG $XOLIIH*DUILHOG GHP /HLWHUGHV/D]DUHWWVGHU%DXVWHOOHZXUGHDXIGHP%LOGVFKLUPVLFKWEDU ³6LH ZDUHQ OHLGHU VFKRQ WRW HUNOlUWH GHU 0HGRWHFKQLNHU EHGDXHUQG ³:HOFKH $QJHK|ULJHQKDEHQ+DQLXQG.RUXQ7RPLWVFKXN" ³-HSX VDJWH +LUX KLQWHU VHLQHQ (OWHUQ ³-HSX 7RPLWVFKXN ]HKQ -DKUH DOW ,FK NHQQHLKQELVKHUQXUDXVPHLQHP8QWHUULFKWVNUHLVDEHUHUPXDXIGHU%DXVWHOOH ZRKQHQVRQVWJHK|UWHHUQLFKWDXIXQVHUH6FKXOH /DWRU .DPEDQG-DUYLV VDK VHLQHQ 6RKQ SUIHQG DQ XQG VWHOOWH IHVW GD LKP NHLQH(UVFKWWHUXQJEHUGHQ7RGGHU(OWHUQVHLQHV0LWVFKOHUVDQ]XVHKHQZDU $QVFKHLQHQGKDWWHGHU6FKRFNVHLQH(PSILQGXQJHQZHLWJHKHQGJHOlKPW ³0HLQH)UDXXQGLFKNPPHUQXQVXPGHQ6RKQGHU7RPLWVFKXNVVDJWHHU]X 2PEXQG ³6REDOG GLH 6WUDKOXQJ QDFKJHODVVHQ KDW KROHQ ZLU LKQ LQ XQVHU 3 0RELO ³'DQNH/DWRUHUZLGHUWHGHU0HGRWHFKQLNHU 'DPLWZDUGDV*HVSUlFKEHHQGHW

:LH VFKQHOO ZLU GRFK GHQ 7RG YRQ 0LWPHQVFKHQ DN]HSWLHUHQ GDFKWH HU ZlKUHQGHUGHQ.RGHGHV%DXOHLWXQJV0RELOVLQGDV9LVLSKRQWLSSWH$OOHUGLQJV EOHLEW XQV NDXP HWZDV DQGHUHV EULJ ZHQQ ZLU VLH QLFKW ZLHGHU OHEHQGLJ PDFKHQN|QQHQ $XIGHP%LOGVFKLUPHUVFKLHQGDV*HVLFKWHLQHU$VVLVWHQWLQGHV'LUHNWRUV ³$KD /DWRU HQWIXKU HV LKU DOV VLH DXI LKUHP %LOGVFKLUP GDV *HVLFKW GHV ,QJHQLHXUV HUEOLFNWH ³'X ZLOOVW VLFKHU :LQJDG VSUHFKHQ ,FK YHUELQGH .RQQWH GHQ7RPLWVFKXNVJHKROIHQZHUGHQ" ³/HLGHUQLFKWDQWZRUWHWH/DWRU 6HNXQGHQVSlWHUZDUHUPLW:LQJDG6DUNRQLVYHUEXQGHQ ³6R PDFKWH GHU 'LUHNWRU DOV /DWRU LKP YRQ GHU %HUJXQJ XQG GHP 7RGH GHU 7RPLWVFKXNV EHULFKWHWH ³'DV ZDU MD ZRKO QLFKW DQGHUV ]X HUZDUWHQ JHZHVHQ $EHU HV LVW lUJHUOLFK GHQQ LFK ZHL QLFKW ZLH LFK VR VFKQHOO (UVDW] EHNRPPH $XIMHGHQ)DOOYLHOHQ'DQN/DWRU /DWRUVWDUUWHGDV9LVLSKRQQRFK6HNXQGHQQDFK%HHQGLJXQJGHV*HVSUlFKVDQ ³+DVW GX GDV PLWEHNRPPHQ 6LUL" IUDJWH HU GDQDFK VHLQH )UDX ³=ZHL 0HQVFKHQPLWGHQHQZLU]XVDPPHQJHDUEHLWHWKDEHQVWHUEHQGHQ6WUDKOHQWRG XQG:LQJDGHPSILQGHWQXUbUJHUZHLOHUQLFKWZHLZRKHUHUVRVFKQHOO(UVDW] EHNRPPW (U KRE GLH 6WLPPH XQG VFKULH IDVW ³'DV LVW MD HLQH JHUDGH]X XQPHQVFKOLFKH5HDNWLRQ,FKEHJUHLIHGDVQLFKW ³,FKDXFKQLFKWSIOLFKWHWH6LULLKPEHL³$EHUGXVROOWHVWGLFKQLFKWVRDXIUHJHQ /DWRU:LUNHQQHQ:LQJDG(ULVWQLFKWJHIKOVORV (V NRQQWH DXFKEHLLKP DP 6FKRFNOLHJHQ /DWRUEHUXKLJWHVLFKDOOPlKOLFKZLHGHUXQGHUQLFNWH ³-DZDKUVFKHLQOLFKOLHJWHVDP6FKRFN,FKKDEHPLFKQXUVRGDUEHUDXIJHUHJW ZHLOPHLQH1HUYHQRKQHKLQYLEULHUWHQ (U |IIQHWH GHQ 6FKOHXVHQKDQJDU XP 0D[ KHUHLQ]XODVVHQ GHU VRHEHQ DXV GHP /D]DUHWWNDP 2PEXQG$XOLIIH*DUILHOGPHOGHWHVLFKQRFKHLQPDOEHU9LVLSKRQ ³:LUKDEHQGHQ5RERWHUJUQGOLFKGHNRQWDPLQLHUWWHLOWHHU/DWRUXQG6LULPLW ³(UVWUDKOWGHQQRFKHWZDV $PEHVWHQKDOWHWLKULKQIUHLQLJH:RFKHQLQ4XDUDQWlQH ³0D[ EOHLEW VRZLHVR LPPHU LQ VHLQHP 6FKOHXVHQKDQJDU HUZLGHUWH /DWRU ³$XHULQ1RWIlOOHQLQGHQHQHUHLQJHVHW]WZHUGHQPXZHLO0HQVFKHQ]XVWDUN JHIlKUGHWZUGHQ ³6FKRQ JXW /DWRU VDJWH 2PEXQG ³0LU JHKW GDV PLW +DQL XQG .RUXQ DXFK QDKH ³:DUXP XQWHUVWW]W GX GDQQ QLFKW /DWRUV %HPKXQJHQ GLH 3URGXNWLRQ YRQ 5RERWHUQLQ*DQJ]XEULQJHQ"ZDUI6LULHLQ 2PEXQG]XFNWHKLOIORVGLH6FKXOWHUQGDQQXQWHUEUDFKHUGLH9HUELQGXQJ /DWRUVFKORGDV$XHQVFKRWWKLQWHUGHP5RERWHUGDQQEHJDEHUVLFKQDFKYRUQ ]XU1RWVWHXHUDQODJH 'HU6WDQGSODW]YRQ30ZDUQXUHLQHQ.LORPHWHUYRQLKUHPHQWIHUQW²XQG ]ZDU LQ Q|UGOLFKHU 5LFKWXQJ ,QQHUKDOE ZHQLJHU 0LQXWHQ ZDUHQ VLH GRUW

,Q]ZLVFKHQ KDWWH GLH %DXOHLWXQJ (QWZDUQXQJ GHU %HWDVWXIH JHJHEHQ 'DV KLH GD GDV 6WUDKOHQERPEDUGHPHQW YRQ +RW %HDVW DXIJHK|UW KDWWH GHU %RGHQ XQG DOOH IUHLVWHKHQGHQ 2EMHNWH DEHU VR VWDUN YHUVWUDKOW ZDUHQ GD HLQH GLUHNWH %HUKUXQJ WXQOLFKVW YHUPLHGHQ ZHUGHQ VROOWH ² XQG ]ZDU DXFK GDQQ ZHQQ MHPDQG HLQHQ 6FKXW]DQ]XJ WUXJ (V ZDU OHGLJOLFK JHVWDWWHW VLFK PLW +LOIH YRQ )OXJDJJUHJDWHQ GXUFK GLH /XIW ]X EHZHJHQ XQG 0DVFKLQHQ XQG )DKU]HXJH QXU NXU]]HLWLJ]XEHUKUHQ ³,FK KROH GHQ -XQJHQ VDJWH 6LUL DOV /DWRU LKU 30RELO GLFKW QHEHQ 30 DQKLHOW 6LHVFKORLKUHQ6FKXW]DQ]XJFKHFNWHLKQJHZLVVHQKDIWGXUFKXQGYHUOLHGDV3 0RELOGXUFKGLH6FKOHXVH'DV$XHQVFKRWWOLHVLHRIIHQ6LHIORJKLQEHU]XU 6FKOHXVHYRQ30YHUKDUUWHGDYRULQGHU/XIWXQGGUFNWHHLQH+DQGDXIGDV $XHQVFKRWW (V|IIQHWHVLFKQLFKW 6LULEUDXFKWHHLQH:HLOHELVLKUHLQILHOZDUXPGDVVRZDU:DKUVFKHLQOLFKVWDQG GDV ,QQHQVFKRWW RIIHQ 'DV PRFKWH EHGHXWHQ GD -HSX 7RPLWVFKXN VLFK DXVVFKOHXVHQ ZROOWH 'RFK DOV PHKU DOV HLQH 0LQXWH YHUVWULFKHQ ZDU RKQH GD GDV$XHQVFKRWWVLFKJH|IIQHWKDWWHEHUOHJWH6LULGDHVHLQHQDQGHUHQ*UXQG KDEHQPWH 6LH VFKDOWHWH LKU +HOPIXQNJHUlW DXI GLH $OOJHPHLQH .20)UHTXHQ] GHU %DXVWHOOHXQGVDJWHLQV0LNURSKRQ ³+LHUVSULFKW6LUL.DPEDQG-DUYLVGLH0XWWHUGHLQHV0LWVFKOHUV+LUX-HSX,FK P|FKWHPLWGLUUHGHQDEHUGDV$XHQVFKRWWGHLQHU6FKOHXVH|IIQHWVLFKQLFKW 6LHZDUWHWHHLQH:HLOHDEHUDXHUHLQHP6FKOXFK]HQHUIROJWHNHLQH5HDNWLRQ ³6ROOLFKQLFKW]XGLUNRPPHQ"IUDJWHVLH ³,FK ZDUWH DXI PHLQH (OWHUQ HUNOlUWH HLQH KHOOH .LQGHUVWLPPH JHIROJW YRQ HLQHP ZHLWHUHQ 6FKOXFK]HQ ³6LH PVVHQ NRPPHQ (V ZXUGH 6WUDKOHQDODUP JHJHEHQ ³,Q]ZLVFKHQ LVW EHGLQJWH (QWZDUQXQJ JHJHEHQ ZRUGHQ HUZLGHUWH 6LUL ³$EHU GHLQH(OWHUQN|QQHQQLFKWNRPPHQ'HVKDOEELQLFKMDKLHU:DUWHVWGXHWZDLQ GHU 6FKOHXVHQNDPPHU RKQH GLH $XWRPDWLN IU GDV $XVVFKOHXVHQ DNWLYLHUW ]X KDEHQ-HSX" ³0HLQH(OWHUQVROOHQNRPPHQVDJWHGHU-XQJHZHLQHUOLFK ³$EHU VHOEVW ZHQQ VLH NlPHQ N|QQWHQ VLH QLFKW KLQHLQ ]X GLU HUNOlUWH 6LUL JHGXOGLJ ³:HQQ GDV ,QQHQVFKRWW RIIHQVWHKW EOHLEW GDV $XHQVFKRWW JHVFKORVVHQ ³'DQQDNWLYLHUHLFKMHW]WGLH$XWRPDWLNHUNOlUWH-HSX ³1HLQZDUWHULHI6LULDOVLKUHLQILHOGDHLQYHUVW|UWHU=HKQMlKULJHUYLHOOHLFKW GLH ZLFKWLJVWHQ hEHUOHEHQVUHJHOQ YHUJD ³7UlJVW GX HLQHQ JHVFKORVVHQHQ 6FKXW]DQ]XJPLW)OXJDJJUHJDW-HSX" ³1HLQDQWZRUWHWHGHU-XQJH³,FKZDUWHGRFKQXUKLHU ³'DQQ GDUIVW GX GLH $XWRPDWLN DXI NHLQHQ )DOO DNWLYLHUHQ VDJWH 6LUL EHVFKZ|UHQG ³%LWWH JHKH MHW]W DXV GHU 6FKOHXVHQNDPPHU XQG LQV 30RELO ]XUFN 'DQDFK DNWLYLHUVW GX GLH 6FKDOWXQJIU GDV 6FKOLHHQ GHV ,QQHQVFKRWWV

$OOHVDQGHUHNDQQVWGXPLUEHUODVVHQ ³-DHUZLGHUWH-HSX³:LHKHLWGXGRFKJOHLFK" ³6LUL6LUL.DPEDQG-DUYLV ³-D6LULVDJWH-HSX³,FKJHKHMHW]WDXVGHU6FKOHXVHQNDPPHUXQGDNWLYLHUHGLH 9HUVFKOX6FKDOWXQJGHV,QQHQVFKRWWV 6LUL ZDUWHWH QRFK HLQH KDOEH 0LQXWH GDQQ GUFNWH VLH DEHUPDOV HLQH +DQG DXI GDV$XHQVFKRWW 'LHVPDO|IIQHWHHVVLFKVRIRUW 6LHVFKZHEWHKLQGXUFK $OV VLFK VSlWHU GLH ,QQHQVFKOHXVH |IIQHWH ZDUWHWH GDKLQWHU HLQ VFKZDU]KDDULJHU VFKODQNHU -XQJH PLW UXQGHP *HVLFKW XQG EUDXQHQ ZHLW JH|IIQHWHQ $XJHQ DXV GHQHQ$KQXQJXQG1LFKWYHUVWHKHQVSUDFKHQ 6LULNRQQWHQLFKWDQGHUVVLHPXWHLKQLQGLH$UPHVFKOLHHQ (V ZDU DOV KlWWH VLH GDPLW GLH 7UlQHQVFKOHXVHQ JH|IIQHW -HSX ZHLQWH XQG VLH ZHLQWHPLW6RJLQJHVHLQSDDU0LQXWHQODQJGDQQYHUVLHJWHGHU7UlQHQVWURP ³'XZLUVWYRUHUVWEHLXQVZRKQHQ-HSXHUNOlUWH6LUL³+LUXIUHXWVLFKVFKRQDXI GLFK,QGLUHNWNHQQWLKUHXFKMDVFKRQYRP8QWHUULFKWVNUHLV6DJHPLUZRGHLQH 6DFKHQ VLQG GDPLW LFK GDV 1|WLJVWH ]XVDPPHQSDFNHQ NDQQ 'X ]LHKVW GDQQ LQ]ZLVFKHQVFKRQPDOGHLQHQ6FKXW]DQ]XJDQXQGVFKQDOOVWGLUGDV)OXJDJJUHJDW EHU 6LH VWRFNWH DOV VLH GDUDQ GDFKWH GD +LUX ]ZDU HLQ )OXJDJJUHJDW EHVD DEHU HUVWVHLWGHQSDDU7DJHQGLHVLHDXIGHU%DXVWHOOHOHEWHQMHGRFKQLFKWPLWLKP XPJHKHQNRQQWH ³1HLQ GDV )OXJDJJUHJDW EUDXFKVW GX QLFKW XQEHGLQJW -HSX PHLQWH VLH ³'DV NXU]H6WFNKLQEHU]XP30ZHUGHLFKGLFKWUDJHQ 'HU-XQJHQLFNWHGDQQIUDJWHHUJDQ]VDFKOLFK ³0DPDXQG3DSDVLQGWRWQLFKWZDKU" ³-DVWLH6LULKHUYRUZlKUHQGVLHXPLKUH%HKHUUVFKXQJNlPSIWH³(VWXWPLU VROHLG-HSX ³+RW%HDVWKDWVLHXPJHEUDFKWIOVWHUWHGHU-XQJH³:HQQLFKJURELQZHUGH LFKLKQGDIUEHVWUDIHQ ³+RW %HDVW NDQQ QLFKWV GDIU HQWJHJQHWH 6LUL ³(U LVW ZLH HU LVW $EHU GLH 6FKXOGLJHQVROOHQEHVWUDIWZHUGHQ:DVGDIU]XWXQLVWZHUGHLFKWXQ ³,FK ZHL EHU GDV 8QJOFN %HVFKHLG /DWRU VDJWH :LVVHQVFKDIWVPLQLVWHU 1RJXQ &XUWLVV GHU /DWRU .DPEDQG-DUYLV QDFK PHKUHUHQ $QOlXIHQ ]X HLQHP *HVSUlFK LP 7UDNWGHU $GPLQLVWUDWLRQ LQ / + HPSIDQJHQ KDWWH³9RU KLHU DXV ZLUG DOOHV JHWDQ XP HLQH :LHGHUKROXQJ ]X YHUKLQGHUQ GDV PXW GX PLU JODXEHQ /DWRUEOLFNWHGHQ0LQLVWHUXQJOlXELJDQGDQQVFKWWHOWHHUGHQ.RSIXQGVDJWH HQHUJLVFK ³(LQH :LHGHUKROXQJ GHV 6WUDKOHQVWXUPV NDQQ QLFKW GXUFK DGPLQLVWUDWLYH 0DQDKPHQ YHUKLQGHUW ZHUGHQ 1RJXQ (V PVVHQ 0DQDKPHQ JHWURIIHQ ZHUGHQ XP LQ VROFKHQ )lOOHQ GLH *HIlKUGXQJ YRQ 0HQVFKHQOHEHQ DXI GDV DEVROXW XQYHUPHLGOLFKH 0D ]X UHGX]LHUHQ %HLVSLHOVZHLVH LQGHP ZLU 5RERWHU

EDXHQXQGVLHIU$XHQDUEHLWHQGRUWHLQVHW]HQZR0HQVFKHQQLFKWLQNU]HVWHU =HLW6FKXW]UlXPHHUUHLFKHQN|QQHQ ³:LUZHUGHQ5RERWHUEDXHQYHUVLFKHUWHLKPGHU0LQLVWHU /DWRU ZDU VR YHUEOIIW GD HV LKP GLH 6SUDFKH YHUVFKOXJ XQG HU 1RJXQ HLQH JDQ]H :HLOH EHJULIIVVWXW]LJ DQVWDUUWH (U NRQQWH HV QLFKW IDVVHQ GD DXVJHUHFKQHW 1RJXQ &XUWLVV GHU IU VHLQH 5RERWHUIHLQGOLFKNHLW EHNDQQW ZDU VLFK SO|W]OLFK IU HLQHQ GHUDUW XQSRSXOlUHQ .XUVZHFKVHO GHU $GPLQLVWUDWLRQ DXVVSUDFK ³:DUXPVLHKVWGXPLFKVRDQ/DWRU"HUNXQGLJWHVLFKGHU0LQLVWHU ³,FKELWWH XP(QWVFKXOGLJXQJ ZUJWH /DWRUKHUYRU³$EHULFK ELQKRFKHUIUHXW GDUEHUGDGXPLU]XJHVWLPPWKDVWZRGXIUKHUGRFKVRVHKUGDJHJHQZDUVW ³$XFK HLQ 0LQLVWHU NDQQ GD]XOHUQHQ PHLQ OLHEHU /DWRU VDJWH 1RJXQ MRYLDO ³8QG LFK KDEH GD]XJHOHUQW hEULJHQV VWLPPH LFK PLW GHP $GPLQLVWUDWRU GDULQ EHUHLQGDGHU%DXVWRSSIU5RERWHUXQYHU]JOLFKDXI]XKHEHQLVW'DVLVWDEHU QLFKWDOOHVZDVVLFKLQQlFKVWHU=HLWlQGHUQZLUG ³1LFKWDOOHV"NRQQWH/DWRUQXUZLHGHUKROHQZlKUHQGHUGDUEHUQDFKGDFKWHRE HU1RJXQHUQVWQHKPHQVROOWHRGHUQLFKWGHQQHVZUGHNHLQHVZHJVDXVUHLFKHQ ZHQQ GHU :LVVHQVFKDIWVPLQLVWHU XQG GHU $GPLQLVWUDWRU VLFK HLQLJ GDUEHU ZDUHQ GHQ %DXVWRSS IU 5RERWHU DXI]XKHEHQ 6LH PXWHQ HUVW HLQPDO HLQH 0HKUKHLW LP 3DUODPHQW GDIU JHZLQQHQ XQG GLHVH 0HKUKHLW PXWH LKUH %HZlKUXQJVSUREHEHLHLQHU$EVWLPPXQJEHVWHKHQ ³0HKU ZLUG GLU 6HWDQ 'HZDU HUNOlUHQ VDJWH 1RJXQ ³(U HUZDUWHW GLFK VFKRQ 'X ZLUVW VHKHQ DE KHXWH JHKW HV DXIZlUWV PLW /DVW +DUERU :LU ZHUGHQ VHKU HQHUJLVFKH $QVWUHQJXQJHQ XQWHUQHKPHQ XP GLH ,VRODWLRQ GLHVHU .RORQLH ]X EHHQGHQ XQG ZHU DXI XQVHUHU 6HLWH LVW GHU NDQQ 5HLFKWXP XQG 5XKP JHZLQQHQ ³$EHUVWDPPHOWH/DWRU ³'DVZLUG6HWDQGLUHUOlXWHUQVWHOOWH1RJXQIHVWXQGGHXWHWHDXIGLH7U³/D LKQQLFKWZDUWHQ/DWRU /DWRU.DPEDQG-DUYLVZXWHQLFKWPHKUZDVHUVDJHQVROOWH'LH$XVIKUXQJHQ GHV :LVVHQVFKDIWVPLQLVWHUV KDWWHQ LKQ I|UPOLFK EHUUXPSHOW 6R WDW HU GDV HLQ]LJHZDVHUWURW]VHLQHU9HUZLUUXQJQRFKWXQNRQQWH(UJLQJ ]XP%URYRQ6HWDQ'HZDUGHV&KHIVGHU5DXPIDKUWEHK|UGHYRQ/DVW+DUERU 6HLQH&KHIDVVLVWHQWLQOLHLKQIDVWHLQHKDOEH6WXQGHODQJLP9RU]LPPHUZDUWHQ GD 'HZDU ZLFKWLJH 9LVLSKRQJHVSUlFKH IKUWH /DWRU NDQQWH GLH MXQJH )UDX 6LH KLH 0RKL 6FRE\5HVQLN ,KU /HEHQVJHIlKUWH DUEHLWHWH HEHQIDOOV DXI GHU %DXVWHOOH XQG HU KDWWH LKUHQ JHPHLQVDPHQ 6RKQ LQ VHLQHP 30RELO PLWJHQRPPHQ7LVL6FRE\5HVQLNJHK|UWH]X+LUXV8QWHUULFKWVNUHLV ³'LH 6DFKH PLW GHQ 7RPLWVFKXNV LVW VFKOLPP VDJWH HU ]X LKU ³'X KDVW GRFK GDYRQJHK|UWRGHU" ³1DWUOLFK KDEH LFK GDYRQ JHK|UW HUZLGHUWH 0RKL ³0HLQ 0DQQ KDW PLU DOOHV HU]lKOW6LHQDQQWH+DIDQ.RUQDFNLPPHULKUHQ0DQQREZRKOHUGDVQLFKWZDU 'LH0RUDODXIIDVVXQJHQLQGHU:HOWZDUHQVWUHQJXQGZHUVLFKQLFKWJHQDXQDFK LKQHQULFKWHWHVWDQGLPPHUHLQZHQLJLP$EVHLWV

³+DVW GX QLFKW VFKRQ YRUKHU GDYRQ JHK|UW" IUDJWH HU YHUZXQGHUW ³,Q GHU $GPLQLVWUDWLRQPXHVGRFKHLQHQVFKUHFNOLFKHQ:LUEHOJHJHEHQKDEHQDOVGLH 6DFKH EHNDQQW ZXUGH 1RJXQ XQG 0XURUH KDEHQ LKUH $QVLFKWHQ EHU GLH 3URGXNWLRQYRQ5RERWHUQMHGHQIDOOVDEUXSWJHlQGHUW ³1LFKW GDGXUFK ZLGHUVSUDFK 0RKL ³'DV KDWWHQ VLH YRUKHU VFKRQ 6LH ZROOHQ 6FKZHUSXQNWH VHW]HQ HLQH KRFKNDUlWLJH 5DXPIDKUWLQGXVWULH KRFK]LHKHQ XQG EHUOLFKWVFKQHOOH5DXPVFKLIIHEDXHQ ³:DV" HQWIXKU HV GHP ,QJHQLHXU YHUEOIIW ³hEHUOLFKWVFKQHOOH 5DXPVFKLIIH" $EHUZLUVLQGMDQRFKQLFKWHLQPDOVRZHLWGDZLU6WHOODUVFKLIIHEDXHQGLHGDV JHVDPWH (PHUDOG6\VWHP HUIRUVFKHQ %LVKHU KDEHQ ZLU PLW 0KH XQG 1RW HLQH /DQGXQJ DXI GHP 1DFKEDUWUDEDQWHQ IHUWLJJHEUDFKW XQG GHU 5FNVWDUW KDW PLW HLQHU.DWDVWURSKHJHHQGHW:LHVWHOOHQ1RJXQXQG0XURUHVLFKGDVYRU" ³,FK ZHL HV QLFKW JDE 0RKL ]XUFN ³$QVFKHLQHQG KDEHQ VLH .RQVWUXNWLRQVSOlQHIUHLQHQhEHUOLFKWDQWULHE 'LHVPDOPXWH/DWRUODFKHQ ³.RQVWUXNWLRQVSOlQH IU hEHUOLFKWDQWULHEH ZDFKVHQ QLFKW LQ +\GURNXOWXUHQ 0RKL VDJWH HU DQVFKOLHHQG DPVLHUW ³(V JHK|UHQ JURH 7HDPV YRQ VHKU HUIDKUHQHQ XQG WFKWLJHQ ([SHUWHQ DXV YLHOHQ )DFKJHELHWHQ GD]X XP HLQHQ hEHUOLFKWDQWULHELQYLHOHQ-DKU]HKQWHQPKHYROOHU$UEHLW]XHQWZLFNHOQ²XQG GLH'HQNDQVlW]HPVVHQVWLPPHQVRQVWEUDXFKWPDQ-DKUKXQGHUWHGD]X 0RKLV 0LHQH ZXUGH YHUVFKORVVHQ $QVFKHLQHQG EHIUFKWHWH VLH VLFK YRUHLOLJ EHUJHKHLPH'LQJHJHlXHUW]XKDEHQEHUGLHVLHOLHEHUJHVFKZLHJHQKlWWH ³.HLQH 6RUJH YHUVXFKWH /DWRU VLH ]X EHUXKLJHQ ³,FK KDEH QLFKWV JHK|UW $XHUGHPKDW6HWDQPLFKQDFKGHQ:RUWHQ1RJXQV]XVLFKEHVWHOOWXPPLWPLU EHU 5DXPIDKUWSURMHNWH ]X UHGHQ ,FK JHQLHH GHPQDFK VHLQ 9HUWUDXHQ VR GD GXGLFKQLFKWHLQHP8QZUGLJHQDQYHUWUDXWKDVW ³(V LVW JXW /DWRU HUZLGHUWH 0RKL QDFK NXU]HP 1DFKGHQNHQ ³'X ELVW HLQ DQVWlQGLJHU.HUO 6LHVFKDOWHWHLKUHQ,QWHUNRPHLQDOVHLQURWHV6LJQDODXIOHXFKWHWH ³/DWRU VROO MHW]W ]X PLU NRPPHQ VDJWH GLH 6WLPPH GHV &KHIV GHU 5DXPIDKUWEHK|UGH ³,FKELQVFKRQXQWHUZHJVULHI/DWRUXQGVWUPWH]XU7UGLHLQ6HWDQ'HZDUV $OOHUKHLOLJVWHVIKUWH 'HU PDVVLJH (QGIQI]LJHU HUZDUWHWH LKQ QLFKW VWHKHQG ZLH VRQVW VRQGHUQ PHKU LQVHLQHP6HVVHOOLHJHQGDOVVLW]HQGXQGHUUDXFKWHQLFKWZLHEOLFKHLQHGLFNH =LJDUUH ³1LPP 3ODW] /DWRU IRUGHUWH HU GHQ ,QJHQLHXU DXI ³'X ELVW DOVR GHU $QVLFKW GD HV -DKU]HKQWH ZHQQ QLFKW JDU -DKUKXQGHUWH EUDXFKW XP HLQHQ IXQNWLRQVWFKWLJHQhEHUOLFKWDQWULHE]XEDXHQ ³=X HQWZLFNHOQ NRUULJLHUWH /DWRU LKQ (UVW GDQQ ZXUGH HU VLFK GHU %HGHXWXQJ GHU bXHUXQJ 6HWDQV EHZXW (U VSUWH ZLH LKP GHU =RUQ KHL LQ GHQ .RSI VWLHJ³'XKDVWPHLQ*HVSUlFKPLWGHLQHU&KHIDVVLVWHQWLQEHODXVFKWIXKUHUGHQ &KHIGHU5DXPIDKUWEHK|UGHDQ³'DVLVWXQHUK|UW ³6FKOXVFKQDX]WH6HWDQ³:DVXQHUK|UWLVWGDVEHVWLPPHLQPHLQHP5HVVRUW

LPPHU QRFK LFK XQG QXU LFK (V ZDU K|FKVWHQV XQHUK|UW YRQ 0RKL EHU VWUHQJ YHUWUDXOLFKH 'LQJH ]X UHGHQ GLH VLH QXU GHVKDOE ]X K|UHQ EHNDP ZHLO LFK DXI LKUH9HUVFKZLHJHQKHLWYHUWUDXWH /DWRU ZDU LPPHU QRFK ]RUQLJ DEHU HU VDK HLQ GD DXFK 6HWDQ *UXQG ]XU (QWUVWXQJKDWWH'DVQDKPLKPGHQ:LQGDXVGHQ6HJHOQ)ROJOLFKVFKZLHJHU ³(V ZXUGHQ DOWH 8QWHUODJHQ HQWGHFNW HUNOlUWH 6HWDQ 'HZDU QDFK HLQLJHU =HLW ³6LH PVVHQ HQWZHGHU PLW GHU *5$< /$'< RGHU VFKRQ IUKHU PLW HLQHP ([SORUHULQGHQ)RUVFKXQJVVWW]SXQNW*DOLOHR*DOLOHLJHNRPPHQVHLQ%HLLKQHQ EHILQGHQ VLFK .RQVWUXNWLRQVGDWHQ YRQ )HUQUDXPVFKLIIHQ PLW hEHUOLFKWDQWULHE GLH VLFK PLW +LOIH YRQ ,6(*5,0 RKQH JU|HUH 6FKZLHULJNHLWHQ DXIEHUHLWHQ ODVVHQ /DWRU.DPEDQG-DUYLVZDUZLHYRUGHQ.RSIJHVFKODJHQ 'DKDWWHQJDQ]H*HQHUDWLRQHQGDUDQJHDUEHLWHWGLH/FNHQEHUGLH*UXQGODJHQ GHU VWHOODUHQ 5DXPIDKUW ]X VFKOLHHQ XQG ZHQLJVWHQV LQ WDXVHQG -DKUHQ HLQHQ YLHOYHUVSUHFKHQGHQ$QIDQJ]XU(UIRUVFKXQJXQG1XW]XQJGHV(PHUDOG6\VWHPV ]XPDFKHQPLWPHKU0LHUIROJHQDOV(UIROJHQ²XQGQXQVDKHVDXVDOVILHOH GHQ 0HQVFKHQ DXI /DVW +DUERU GDV DOOHV GXUFK HLQHQ JOFNOLFKHQ =XIDOO LQ GHQ 6FKR ³:DVVDJVWGXGD]X/DWRU"HUNXQGLJWHVLFK6HWDQ 'HU ,QJHQLHXU NRQQWH XQG ZROOWH HV QRFK LPPHU QLFKW JODXEHQ =XGHP PDFKWH GHU &KHI GHU 5DXPIDKUWEHK|UGH QLFKW JHUDGH GHQ (LQGUXFN HLQHV YRU *OFN VWUDKOHQGHQ 0HQVFKHQ XQG JHQDX GLHVHQ (LQGUXFN KlWWH HU PDFKHQ PVVHQ ZHQQHUHLQHQGHUDUWLJHQ*OFNVIDOOHUOHEWH/DWRUNDQQWHLKQJXWJHQXJXPVHLQ 9HUKDOWHQXQGVHLQH5HDNWLRQHQYRUKHU]XVDJHQ ,UJHQGHWZDVVWLPPWHQLFKW 6ROHLFKWZLH6HWDQHVPLWVHLQHQHUVWHQ$XVIKUXQJHQGDUJHVWHOOWKDWWHVFKLHQ GLH9HUZHUWXQJGHUDOWHQ8QWHUODJHQGRFKQLFKW]XVHLQ 0|JOLFKHUZHLVHZDU,6(*5,0QLFKWZHLWJHQXJGD]XHQWZLFNHOW=ZDUZDUGLH =HQWUDOH*URSRVLWURQLNGHU:HOWQLFKWPHKUPLWGHP=ZHUJ]XYHUJOHLFKHQGHU GLH HUVWH 3RVLWURQLN GHU 6LHGOHU JOHLFKHQ 1DPHQV YRU UXQG WDXVHQG -DKUHQ JHZHVHQ ZDU DEHU ]XU %HZlOWLJXQJ IQI XQG VHFKVGLPHQVLRQDOHU *OHLFKXQJHQ UHLFKWHGDVQLFKWDXV ³:DUXPDQWZRUWHVWGXPLUQLFKW"HUNXQGLJWHVLFK6HWDQXQJHGXOGLJ ³(V LVW QLFKW VR OHLFKW ]X IDVVHQ HUZLGHUWH /DWRU ³:R ZXUGHQ GLH 8QWHUODJHQ GHQQJHIXQGHQ" 6HWDQZLQNWHDE ³,VW GDV GHQQ VR ZLFKWLJ ,Q LUJHQGHLQHP :LQNHO GHV XUVSUQJOLFKHQ 6WW]SXQNWV:LFKWLJLVWGRFKQXUGD,6(*5,0VLHDXIEHUHLWHQNRQQWHXQGGD VLHGDPLWXQV]XU9HUIJXQJVWHKHQ ³-DQDWUOLFKJDE/DWRUEHQRPPHQ]X³.DQQLFKGLH8QWHUODJHQHLQVHKHQ" ³'X PXW VLH VRJDU HLQVHKHQ /DWRU HUZLGHUWH 6HWDQ ³9RUDXVJHVHW]W GX ELVW XQVHU0DQQ ³8QVHU0DQQHFKRWH/DWRU³:LHVROOLFKGDVYHUVWHKHQ6HWDQ" ³6HLQLFKWVREHJULIIVVWXW]LJZLHV6HWDQLKQ]XUHFKW

³,FKZLOOYRQGLUZLVVHQREGXEHUHLWELVWGDV3URMHNW6WHUQHQVSUXQJ]XOHLWHQ ³3URMHNW 6WHUQHQVSUXQJ ZLHGHUKROWH /DWRU PHFKDQLVFK ³,FK GDFKWH GD LFK IUGLH(QWZLFNOXQJXQGGHQ%DXYRQ5RERWHUQHLQJHVHW]WZHUGHQVROO ³'DIU KDEHQ ZLU DQGHUH /HXWH HUNOlUWH GHU &KHI GHU 5DXPIDKUWEHK|UGH PLW JU|WHU 6HOEVWYHUVWlQGOLFKNHLW ³'X ZlUVW XQV ]X VFKDGH GDIU :LU KDEHQ GHLQ /HLVWXQJVXQG/HUQSURILO YRQ ,6(*5,0 HUVWHOOHQ ODVVHQ 'HPQDFK ELVWGXGHU HUVWH$QZlUWHUDXIGLH6WHOOHGHV3URMHNWOHLWHUVIUGLH.RQVWUXNWLRQXQGGHQ%DX HLQHV hEHUOLFKWVFKLIIV XQG ZLU KDEHQ HQWVFKLHGHQ GLU GLHVHQ 3RVWHQ DQ]XELHWHQ1LPPVWGXDQ/DWRU.DPEDQG-DUYLV" ³,FK EUDXFKH HLQ ZHQLJ =HLW HUZLGHUWH /DWRU (U IKOWH VLFK EHUIDKUHQ XQG EHJULII OlQJVW QLFKW DOOHV ZRUEHU GHU &KHI GHU 5DXPIDKUWEHK|UGH PLW JU|WHU 6HOEVWYHUVWlQGOLFKNHLWJHUHGHWKDWWH³:HULVWHLJHQWOLFKZLU " ³:DV VROO GLHVH )UDJH" JDE 6HWDQ XQZLOOLJ ]XUFN ³1DWUOLFK 0XURUH 1RJXQ XQGLFK ³1DWUOLFKHFKRWH/DWRU 2KQH HV ]X YHUVWHKHQ GHQQ QRFK YRU HLQ SDDU 7DJHQ ZDUHQ VLFK 0XURUH *XE GHU $GPLQLVWUDWRU XQG 6HWDQ 'HZDU VSLQQHIHLQG JHZHVHQ ZHLO 0XURUH JHJHQ (UK|KXQJHQGHU(WDWVGHU5DXPIDKUWEHK|UGHZDU 8QGSO|W]OLFKVROOWHQVLHHLQ+HU]XQGHLQH6HHOHVHLQZHQQHVGDUXPJLQJHLQ RIIHQNXQGLJNRVWHQLQWHQVLYHV*URSURMHNWGHU5DXPIDKUWGXUFK]X]LHKHQ ³,FKEUDXFKH%HGHQN]HLWVDJWH/DWRUHQWVFKORVVHQOLHEHUDXIGHQDQJHERWHQHQ 3RVWHQ ]X YHU]LFKWHQ DOV RKQH JUQGOLFKHV 1DFKGHQNHQ DXI HWZDV HLQ]XJHKHQ GDVHUQLFKWGXUFKVFKDXWH ³%HGHQN]HLW" HFKRWH 6HWDQ XQG /DWRU ZDU HV DOV PWH HU VLFK HUVW PKVDP GDUDQ HULQQHUQ ZDV HLQH %HGHQN]HLW ZDU ³$K MD %HGHQN]HLW :LH ODQJH /DWRU" ³(LQHQ7DJDQWZRUWHWHGHU,QJHQLHXU ³-DGDVJHKWHUNOlUWH6HWDQ³'XKDVWHLQHQ7DJ%HGHQN]HLWDEHUQLFKWOlQJHU ,FKHUZDUWHGHLQH=XVWLPPXQJDOVRPRUJHQXPGLHJOHLFKH=HLW 9HUZLUUWHUDOV]XYRUHUKREVLFK/DWRUQLFNWH6HWDQ]XXQGYHUOLHGDV=LPPHU :LHVR QDKP GHU &KHI GHU 5DXPIDKUWEHK|UGH VR VHOEVWYHUVWlQGOLFK DQ GD HU ]XVWLPPHQZUGH"(UEHJULIIGLH:HOWQLFKWPHKU ³'LH JDQ]H 6DFKH NRPPW PLU YHUUFNW YRU HUNOlUWH /HVWHU .LRQGLNH ³0LU VFKHLQWDOVZROOWHGLH$GPLQLVWUDWLRQGHQJU|WHQ7HLOGHU3URGXNWLRQVNDSD]LWlW YRQ/DVW+DUERUIUGHQ%DXYRQ5DXPVFKLIIHQHLQVHW]HQ ³9RQ5DXPVFKLIIHQPLWhEHUOLFKWDQWULHEHUJlQ]WH/DWRU.DPEDQG-DUYLV 'LHEHLGHQ0lQQHUXQGLKUH)UDXHQKDWWHQVLFKLQGHU:RKQXQJGHU.LRQGLNHV LQ / + JHWURIIHQ QDFKGHP LKUH )UDXHQ LQ HLQHP *HVSUlFK IHVWJHVWHOOW KDWWHQ GD EHLGH 0lQQHU YRP &KHI GHU 5DXPIDKUWEHK|UGH ZHJHQ GHU 0LWDUEHLW DQ 3URMHNW 6WHUQHQVSUXQJ DQJHVSURFKHQ ZRUGHQ ZDUHQ *HQDXHU JHVDJW EHLGH 0lQQHU XQG 9UL .LRQGLNH GLH DOV .RQVWUXNWHXULQ SRVLWURQLVFKHU (OHPHQWH IU GHQ%DXIU6FKLIIVSRVLWURQLNHQHLQJHVHW]WZHUGHQVROOWH 'D EHLGH )DPLOLHQ VHLW YLHOHQ -DKUHQ HQJ EHIUHXQGHW ZDUHQ ZDU HV HLJHQWOLFK ]ZDQJVOlXILJ VR JHNRPPHQ GD VLH VLFK JHWURIIHQ KDWWHQ XP EHU GLH QHXHVWH

(QWZLFNOXQJLQGHU:HOW]XGLVNXWLHUHQ ³:DKUVFKHLQOLFK EUDXFKW PDQ GHQ JU|WHQ 7HLO GHU 3URGXNWLRQVNDSD]LWlW YRQ /DVW +DUERU XP VR HWZDV ]X UHDOLVLHUHQ PHLQWH 6LUL ³$EHU GDGXUFK UFNW HQGOLFK GLH (UIOOXQJ HLQHV XUDOWHQ 7UDXPHV QlKHU GHV 7UDXPHV YLHOHU *HQHUDWLRQHQYRUXQVGHQ.RQWDNWPLW7HUUDKHU]XVWHOOHQ ³.RQWDNW PLW 7HUUD ZLHGHUKROWH 9UL QDFKGHQNOLFK ³,FK ELQ PLU JDU QLFKW VR VLFKHU RE GDV ZLUNOLFK ZQVFKHQVZHUW ZlUH :LU VLQG GRFK LP *UXQGH JHQRPPHQJDUNHLQH7HUUDQHUPHKUQDFKGHPGLH8PZHOWYHUKlOWQLVVHYRQ/DVW +RSHEHUYLHOH*HQHUDWLRQHQXQGHLQ-DKUWDXVHQGKLQZHJXQVHUHSK\VLVFKHXQG SV\FKLVFKH %HVFKDIIHQKHLW YHUlQGHUW KDEHQ :LU OHEHQ LQQHUKDOE JHVFKORVVHQHU 6\VWHPH VHLHQ HV QXQ &LW\6\VWHPH RGHU $XHQIDKU]HXJH RGHU 6FKXW]DQ]JH 'LH :HOW XQWHU IUHLHP +LPPHO LVW IU XQJHVFKW]WH 0HQVFKHQ DEVROXW W|GOLFK 8QG GDQQ GLH 6FKZHUNUDIW YRQ QXU J 6LH KDW XQVHUHQ .QRFKHQEDX OHLFKWHU XQG ]HUEUHFKOLFKHU JHPDFKW XQVHUH 0XVNHOQ UHGX]LHUW XQG GLH =XVDPPHQVHW]XQJ XQVHUHV %OXWHV YHUlQGHUW $XI 7HUUD NlPH NHLQHU YRQ XQV RKQH 0LNUR$QWLJUDY DXV XQG EUDXFKWH DXHU 3V\FKRSKDUPDND ZDKUVFKHLQOLFK QRFK]DKOUHLFKH0HGLNDPHQWH]XU9RUEHXJXQJJHJHQSK\VLVFKH6FKlGLJXQJHQ ³*HJHQ YLHOH 6FKZLHULJNHLWHQ XQG *HIDKUHQ ZHUGHQ ZLU GXUFK KDUWHV 7UDLQLQJ YRUEHXJHQ N|QQHQ ZLGHUVSUDFK 6LUL ³)UKHU VROO HV HLQPDO VRJHQDQQWH 5DGUHQQEDKQHQJHJHEHQKDEHQLQGHQHQXQVHUH8UDKQHQDXINQVWOLFKHU]HXJWH (UGJUDYLWDWLRQ JHEUDFKW ZXUGHQ :LU PVVHQ HEHQ LKUH 3OlQH DXVJUDEHQ XQG QHXH EDXHQ $XHUGHP NRPPW HV GRFK QLFKW GDUDXI DQ GD ZLU DXI 7HUUD ODQGHQ 'DV :LFKWLJVWH LVW GHU .RQWDNW PLW GHU +HLPDWZHOW XQG GHQ EULJHQ :HOWHQGHV6RODUHQ,PSHULXPV ³'DV LVW DOOHV VFK|Q XQG JXW HUZLGHUWH /HVWHU ³0LU NRPPW QXU DOOHV XQKHLPOLFKXQGJHVSHQVWLVFKYRU'DKDEHQZLUYLHOH-DKUHODQJXPEHVFKHLGHQH ILQDQ]LHOOH 0LWWHO PLW GHU $GPLQLVWUDWLRQ JHUXQJHQ XP EHUKDXSW SUDNWLVFKH 5DXPIDKUWIRUVFKXQJ WUHLEHQ ]X N|QQHQ XQG MHW]W ZLOO PDQ XQV SO|W]OLFK I|UPOLFK PLW 0LWWHOQ EHUVFKWWHQ GLH PDQ LP *UXQGH JHQRPPHQ JDU QLFKW HUEULJHQNDQQ ³:LUPVVHQMDQLFKWPLWPDFKHQPHLQWH/DWRU ³$EHU HLQH VROFKH &KDQFH N|QQHQ ZLU XQV GRFK QLFKW HQWJHKHQ ODVVHQ ULHI /HVWHU HUVFKURFNHQ ³'LH LVW HLQPDOLJ :HQQ LFK PLU YRUVWHOOH GD ZLU HLQ JURHV 5DXPVFKLII EDXHQ GDV PLW YLHOIDFKHU hEHUOLFKWJHVFKZLQGLJNHLW IOLHJW GXUFKGDVJDQ]H(PHUDOG6\VWHPDXV6WDUEHGKLQDXVXQGELV]XDQGHUHQ6RQQHQ GUDXHQLQGHU*DOD[LV ³'DV PHLQH LFK DXFK SIOLFKWHWH 6LUL .DPEDQG-DUYLV LKP EHL ³:HQQ ZLU WDWVlFKOLFKGLHVH0|JOLFKNHLWKDEHQVROOWHQZLUDXFKYRQLKU*HEUDXFKPDFKHQ 1DWUOLFKNRVWHWDOOHVVHLQHQ3UHLV$EHUZHQQZLUDQDOOHQ$XVJDEHQVSDUHQGLH QLFKW XQEHGLQJW OHEHQVQRWZHQGLJ VLQG PWH HV ]X VFKDIIHQ VHLQ :R]X EUDXFKHQ ZLU hEHUIOX XQG /X[XV )UKHUH *HQHUDWLRQHQ ZDUHQ VFKRQ IURK ZHQQ VLH JHQXJ /XIW ]XP $WPHQ KDWWHQ XQG QLFKW SHUPDQHQW IULHUHQ XQG KXQJHUQ PXWHQ 'DIU GD ZLU XQV XQG XQVHUHQ .LQGHUQ GHQ :HJ ]X GHQ 6WHUQHQ|IIQHQZLOOLFKJHUQHLQSDDU(QWEHKUXQJHQDXIPLFKQHKPHQ

³,FK DXFK ZHQQ HV VR LVW HUNOlUWH 9UL .LRQGLNH ³$EHU LFK KDEH HLQ XQJXWHV *HIKO1LHPDQGYRQXQVKDWELVKHUGLHXUDOWHQ8QWHUODJHQJHVHKHQYRQGHQHQ 6HWDQ 'HZDU VSUDFK 0|JOLFKHUZHLVH VLQG ZLU JDU QLFKW LQ GHU /DJH DOOHV ]X YHUVWHKHQ ³6HWDQ EHKDXSWHWH PLU JHJHQEHU GLH 8QWHUODJHQ OLHHQ VLFK PLW +LOIH YRQ ,6(*5,0RKQHJU|HUH6FKZLHULJNHLWHQDXIEHUHLWHQVDJWH/HVWHU ³'DV KDW HU PLU DXFK HUNOlUW HUZLGHUWH /DWRU ³$EHU HU EOLHE GDEHL VHOWVDPHUZHLVH JHIKOVPlLJ XQEHWHLOLJW 'DEHL KlWWH HU YRU )UHXGH ELV DQ GLH 'HFNH VSULQJHQ PVVHQ ELOGOLFK JHVSURFKHQ 6R LPSXOVLY UHDJLHUW HU QlPOLFK ZHQQ HU VLFK EHU HWZDV IUHXW ,FK PDFKWH PLU GHVKDOE VFKRQ JOHLFK *HGDQNHQ GDUEHU XQG EHUOHJWH PLU GD ,6(*5,0 ZDKUVFKHLQOLFK PLW IQI XQG VHFKVGLPHQVLRQDOHQ*OHLFKXQJHQQLFKWVDQIDQJHQN|QQWH ³'DQQ JLEW HV GRFK QXU HLQHV ZDV LKU WXQ VROOWHW PHLQWH 6LUL ³,KU PW HXFK GLH8QWHUODJHQDQVHKHQ /DWRUXQG/HVWHUVDKHQVLFKDQGDQQQLFNWHQVLHEHLGH ³*OHLFK PRUJHQ IUK JHKHQ ZLU ]X 6HWDQ HUNOlUWH /DWRU ³$EHU ZHQQ LFK GHQ 3RVWHQGHV3URMHNWOHLWHUVDQQHKPHGDQQQXUXQWHUGHU%HGLQJXQJGDGXGDEHL PLWPDFKHQNDQQVW6LUL ³$EHU ZDUXP GHQQ" IUDJWH VHLQH )UDX YHUZXQGHUW ³$XHUGHP ELQ LFK 9HUPHVVXQJV7HFKQLNHULQ ³8QG ]LHPOLFK JXW LQ GHU (UDUEHLWXQJ YRQ &RPSXWHUSURJUDPPHQ HUZLGHUWH /DWRU³'XN|QQWHVWEHLVSLHOVZHLVHPLW9UL]XVDPPHQDUEHLWHQ:HLWGXVREDOG GDV HUVWH 6FKLII IHUWLJJHVWHOOW LVW PX HV 3UREHIOJH DEVROYLHUHQ DQ GHQHQ GLH OHLWHQGHQ 0LWDUEHLWHU GHV 3URMHNWV WHLOQHKPHQ ZHUGHQ XQG LFK P|FKWH QLFKW GDGXDOVHLQ]LJHYRQXQVYLHUHQGDKHLPEOHLEHQPXW ³2KHQWIXKUHV6LUL³:HQQHVVRLVWELQLFKJDQ]YHUUFNWGDUDXIDP3URMHNW 6WHPHQVSUXQJPLWDUEHLWHQ]XGUIHQ ³'DQQVLQGZLUXQVMDHLQLJULHI/HVWHU.LRQGLNHPLWOHXFKWHQGHQ$XJHQ³$XI ]XGHQ6WHUQHQ ³$XI ]X GHQ 6WHUQHQ ILHOHQ 6LUL 9UL XQG /DWRU LQ GLH XUDOWH /RVXQJ GHU 0HQVFKHQHLQ $' ³,VWGDVDEHUULHVLJHQWIXKUHV+LUX.DPEDQG-DUYLVDOVHUQHEHQVHLQHP9DWHU YRUGHP5DXPVFKLIIVWDQG ³(V LVW KXQGHUWIQI 0HWHU KRFK XQG GXUFKPLW DQ GHU GLFNVWHQ 6WHOOH IQIXQGGUHLLJ 0HWHU HUNOlUWH /DWRU QLFKW RKQH 6WRO] GHQQ LPPHUKLQ ZDU GLH 67$548((1XQWHUVHLQHU/HLWXQJJHEDXWZRUGHQZHQQLKQDXFKGLH7DWVDFKH HLQ ZHQLJ IUXVWULHUWH GD HU QLFKW DOOHV Y|OOLJ YHUVWDQGHQ KDWWH ZDV ,6(*5,0 EHU GLH )XQNWLRQHQ GHV /LQHDUWULHEZHUNV GHV +DOEUDXPVSUHUV XQG GHV +\SHUNRPVYRQVLFKJHJHEHQKDWWH %HZXQGHUQG VDK GHU HOIMlKULJH +LUX DQ GHU HLI|UPLJHQ .RQVWUXNWLRQ HPSRU GHUHQ $XHQKDXW EODXJUQ VFKLPPHUWH 6HFKV EUHLWH DEHU UHODWLY ]XP 6FKLIIVUXPSI NOHLQH 6WDELOLVLHUXQJVIORVVHQ IU $WPRVSKlUHQIOJH VWDQGHQ LQ

JOHLFKHQ $EVWlQGHQ YRQ GHU 5XPSIPLWWH QDFK XQWHQ DE XQG JLQJHQ LQ EUHLWH /DQGHEHLQH EHU GHUHQ 7HOOHU DXI GHP %RGHQ GHU :HUIWKDOOH VWDQGHQ *DQ] REHQ VWLH GHU DEJHUXQGHWH %XJ GHV 6FKLIIHV EHLQDKH DQ GLH 'HFNH HLQH KHUPHWLVFKDEVFKOLHHQGHGUHL0HWHUVWDUNH3ODWWHDXV3DQ]HUSODVWEHUGHUGLH :DVVHUVWRII0HWKDQ$WPRVSKlUH/DVW+DUERUVEHJDQQ 6HLQ9DWHUVFKDOWHWHDQVHLQHP.RPPDQGR$UPEDQG $XV GHU 8QWHUVHLWH GHV 6FKLIIHV NDP ]ZLVFKHQ GHQ ,PSXOVWULHEZHUNHQ HLQH WHOHVNRSDUWLJH 5|KUH ]XP 9RUVFKHLQ GLH VLFK ELV DXI GHQ %RGHQ VHQNWH (LQH gIIQXQJELOGHWHVLFKXQWHQ ³'DVLVWGHUDXVIDKUEDUH3HUVRQHQ$QWLJUDYHUOlXWHUWH/DWRU³,QLKPNDQQPDQ YRP+HFNELV]XP%XJGHU67$548((1VFKZHEHQ.RPP +LUX IROJWH VHLQHP 9DWHU RKQH ]X ]|JHUQ $QWLJUDYV ZDUHQ LKP DXV / + XQG DQGHUHQ 6WlGWHQ GHU :HOW YHUWUDXW (V JDE VLH EHUDOO ZR JURH +|KHQGLIIHUHQ]HQ ]X EHUZLQGHQ ZDUHQ 'D VLH DXI HLQHP 0RQG PLW QXU J UHODWLY ZHQLJ (QHUJLH YHUEUDXFKWHQ KDWWHQ VLFK GLH %HZRKQHU YRQ /DVW +DUERU GLHVHQ/X[XVHUODXEHQN|QQHQ $OOHUGLQJV QXU ELV YRU UXQG HLQHP -DKU 'DQQ ZDUHQ YRQ GHU $GPLQLVWUDWLRQ WLHIJUHLIHQGHXQGRIWPDOVVFKPHU]KDIWH6SDUPDQDKPHQYHURUGQHWZRUGHQ/DVW +DUERU ZDU NHLQH UHLFKH :HOW XQG GHU %DX GHV6FKLIIHV YHUVFKODQJGDV PHLVWH YRQ GHP ZDV VLH DQ (QHUJLH PHQVFKOLFKHU $UEHLWVNUDIW XQG 5RKVWRIIHQ DXI]XELHWHQ KDWWH 2KQH GHQ 0DWHULHZDQGOHU GHQ GLH HUVWHQ 6LHGOHU LP YHUODVVHQHQ )RUVFKXQJVVWW]SXQNW YRU JXW WDXVHQG -DKUHQ YRUJHIXQGHQ KDWWHQ ZlUHGHU%DXGHV6FKLIIHVZDKUVFKHLQOLFKDXIXQEHUZLQGOLFKH6FKZLHULJNHLWHQ JHVWRHQ (V JDE HLQLJH ³QHXUDOJLVFKH 3XQNWH LQQHUKDOE GHV /LQHDUDQWULHEV VRZLHLQQHUKDOEGHV+\SHUNRPVIUGLH0DWHULDOLHQYHUZHQGHWZHUGHQPXWHQ GLH DXI /DVW +DUERU QLFKW YRUNDPHQ 0LW +LOIH GHV 0DWHULHZDQGOHUV KDWWHQ VLH DXV:DVVHUVWRIIV\QWKHWLVLHUWZHUGHQN|QQHQ 'HU 6FKDFKW QDKP 9DWHU XQG 6RKQ DXI XQG QDFKGHP VLH VLFK OHLFKW PLW GHQ )HQDEJHVWRHQKDWWHQVFKZHEWHQVLHVHQNUHFKWQDFKREHQYRUEHLDQGHQ(LQ XQG $XVVWLHJV|IIQXQJHQ GHU YHUVFKLHGHQHQ 'HFNV XQG DQ GHQ URWOHXFKWHQGHQ 3ODWWHQGLHGHQJDQ]HQ6FKDFKWLQXQDQJHQHKPJUHOOHVURWHV/LFKWWDXFKWHQ ³'DV/LFKWEOHQGHWEHNODJWH+LUXVLFK ³-DHVLVW]XJUHOOIUXQVHUHVHLW*HQHUDWLRQHQDQGDVVFKZDFKH/LFKWYRQ/DVW +DUERUDQJHSDWHQ$XJHQHUZLGHUWH/DWRU³$EHU6HWDQKDWHVVRDQJHRUGQHW GDPLWZLUXQVDOOPlKOLFKDQKHOOHUHV/LFKWJHZ|KQHQVDJWHU +LUX GHXWHWH DXI ]ZHL .DPSIURERWHU GLH HLQHQ $XVVWLHJ EHZDFKWHQ ³+DW HU DXFKGDVDQJHRUGQHW'DG" 6HLQ9DWHUYHU]RJGDV*HVLFKW ³-D HU KDW DXFK GDV DQJHRUGQHW ² XQG QRFK HLQLJHV PHKU PHLQ 6RKQ DQWZRUWHWH HU ³0DQFKPDO GHQNH LFK GD HU GDV *URV XQVHUHU %HY|ONHUXQJ DEVLFKWOLFKVFKRFNLHUHQZROOWHDOVHUGDPDOVQLFKWQXUGXUFKVHW]WHGDKRPLQLG JHIRUPWH5RERWHUJHEDXWZXUGHQVRQGHUQDXFKEHZDIIQHWHKRPLQLGH5RERWHU ³'DQQ LVW 6HWDQ E|VH VWHOOWH +LUX IHVW ³+DW HU QLFKW DXFK DXI GLH /HXWH VFKLHHQODVVHQGLHYRU]ZHL0RQDWHQGLH5RERWHUIDEULNHQVWUPHQZROOWHQ"

³1HLQ GLH 5RERWHU KDEHQ YRQ VLFK DXV GDV )HXHU HU|IIQHW VDJWH /DWRU ³8QG DXFK GHVKDOE PLW ,PSXOVVWUDKOHUQ ZHLO LKUH 3DUDO\VDWRUHQ QRFK QLFKW IXQNWLRQVIlKLJ ZDUHQ 6LH KlWWHQ DEHU QLHPDOV JHVFKRVVHQ ZHQQ GLH 5RERWHUVWUPHUQLFKWDQJHIDQJHQKlWWHQ5RERWHU]XGHPRQWLHUHQ ,QVJHKHLPZDUHULPPHUQRFKJHJHQGHQ%DXYRQ.DPSIURERWHUQDEHUHUZROOWH VHLQHQ6RKQQLFKWPLWVROFKHQhEHUOHJXQJHQEHODVWHQ 1DWUOLFKZDUHQ5RERWHUQDFKVHLQHULQQHUVWHQhEHU]HXJXQJDXVVFKOLHOLFKGD]X GD GHQ 0HQVFKHQ ]X KHOIHQ XQG VLH YRQ VFKZHUHU XQG JHIlKUOLFKHU $UEHLW ]X EHIUHLHQ GRFK HU NRQQWH VLFK DXFK GHQ $UJXPHQWHQ GHV &KHIV GHU 5DXPIDKUWEHK|UGH QLFKW JDQ] YHUVFKOLHHQ GD DXHUKDOE GHV LQ GHU NOHLQHQ 'XQNHOZRONH EHILQGOLFKHQ6WHUQHQQHVWVGDVGLH6RQQH(PHUDOGXQGLKUH]Z|OI 3ODQHWHQ EDUJ YRU UXQG WDXVHQG -DKUHQ DOV GLH *5$< /$'< KLHUKHU YHUVFKODJHQ ZXUGH .ULHJ JHKHUUVFKW KDWWH XQG GD GLH 9RUVLFKW HV GHVKDOE JHE|WHQLFKWZDIIHQORVPLWGHU67$548((1LQV8QJHZLVVH]XIOLHJHQ (VJDEDOOHUGLQJVQRFKYLHOHDQGHUH8QJHUHLPWKHLWHQLP6DJHQXQG+DQGHOQGHU $GPLQLVWUDWLRQVVSLW]H 9RU DOOHP DEHU YHUIROJWH /DWRU .DPEDQG-DUYLV GLH VFKULWWZHLVH 8PZDQGOXQJ HLQHU HLQVW SOHELV]LWlUHQ GDQQ UHSUlVHQWDWLYHQ XQG MHW]W DXWRULWlUHQ 'HPRNUDWLH LQ HLQH 'LNWDWXU GHU $GPLQLVWUDWLRQVVSLW]H PLW ZDFKVHQGHP8QEHKDJHQ /DWRUVHXI]WH (UVDKVLFKXPXQGEHPHUNWHDQGHQVHOEVWOHXFKWHQGHQ:DQGPDUNLHUXQJHQGD VLHEDOGGDV=HQWUDOHGHFNHUUHLFKHQZUGHQ ³:LU VLQG JOHLFK DP =LHO VDJWH HU ]X VHLQHP 6RKQ ³,FK PX GLU DEHU QRFK HWZDVHUNOlUHQ$XIDOOHQ6FKLIIVGHFNVKHUUVFKWHLQH6FKZHUNUDIWYRQJ6LH VROO ZLH GLH %HOHXFKWXQJ GHU DOOPlKOLFKHQ *HZ|KQXQJ GHU %HVDW]XQJ DQ GLH 9HUKlOWQLVVHDXIULFKWLJHQ3ODQHWHQGLHQHQXQGGHVKDOEVSlWHUQDFKXQGQDFKELV ]XJHUK|KWZHUGHQ ³%LV]XJ"IUDJWH+LUXYHUEOIIW³$EHUDXI7HUUDVROOGLH6FKZHUNUDIWGRFK JEHWUDJHQ:DUXPJHKHQZLUGDQQQRFKGDUEHUKLQDXV" ³,FK ZHL HV QLFKW JHQDX HUZLGHUWH /DWRU XQG GDFKWH GDUDQ GD DXI VHLQH GLHVEH]JOLFKHQ )UDJHQ ZHGHU 6HWDQ QRFK 1RJXQ XQG 0XURUH EHIULHGLJHQGH $QWZRUWHQJHJHEHQKDWWHQ³,FKQHKPHDQZHLOHVYLHOH3ODQHWHQJLEWDXIGHQHQ GLH6FKZHUNUDIWJEHUVWHLJW (U VWUHFNWH GHQ UHFKWHQ $UP LQ 5LFKWXQJ $XVVWLHJ DOV HU VDK GD VLH GDV =HQWUDOHGHFNLQGHUQlFKVWHQ6HNXQGHHUUHLFKHQZUGHQ²XQGVHLQ6RKQIROJWH VHLQHP%HLVSLHO 'LH 6HQVRUHQ HLQHU 3RVLWURQLN HUIDWHQ GLH *HVWH GLH IU VLH 6LJQDOZLUNXQJ KDWWHXQGYHUDQODWHQVLH$XIIDQJXQG=XJIHOGHU]XDNWLYLHUHQ 9DWHU XQG 6RKQ ZXUGHQ VDQIW DEHU XQQDFKJLHELJ GXUFK GLH $XVVWLHJV|IIQXQJ JH]RJHQXQGGDKLQWHUDXIGHP=HQWUDOHGHFNDEJHVHW]W$XFKKLHUZDFKWHQ]ZHL .DPSIURERWHU DEHU VLH PDFKWHQ GHQ 0HQVFKHQ 3ODW] XQG KLHOWHQ GLH :DIIHQDUPHJHVHQNW /DWRUGHXWHWHDXIGLHEHLGHQEUHLWHQJHJHQOlXILJHQ*OHLWElQGHUGLH]ZHL'ULWWHO GHV.RUULGRUERGHQVHLQQDKPHQ

³,P 3ULQ]LS IXQNWLRQLHUHQ VLH ZLH GLH *OHLWElQGHU LQ XQVHUHQ .DXIKlXVHUQ HUNOlUWH HU VHLQHP 6RKQ ³6LH ODXIHQ QXU HLQ ZHQLJ VFKQHOOHU :LU PVVHQ VLH DEHUQLFKWEHQXW]HQVRQGHUQN|QQHQDXIGHQVWDUUHQ6HLWHQVWUHLIHQJHKHQ1XQ" ³:LUQHKPHQHLQ*OHLWEDQGVDJWH+LUX³*HKHQLVWKLHU]XDQVWUHQJHQG /DWRUODFKWH 1HEHQHLQDQGHU EHWUDWHQ 9DWHU XQG 6RKQ GDV QDFK UHFKWV IKUHQGH *OHLWEDQG /DWRU ZlUH GDEHL IDVW QDFK KLQWHQ JHIDOOHQ XQG NRQQWH VLFK HUVW LP OHW]WHQ 0RPHQW ZLHGHU IDQJHQ 9HUZXQGHUW UHJLVWULHUWH HU GD VHLQ 6RKQ GLH 6DFKH PKHORVEHZlOWLJWH 1DFK NXU]HU =HLW NDP GDV EODXOHXFKWHQGH 3DQ]HUVFKRWW GHU .RPPDQGR]HQWUDOH LQ 6LFKW $XFK KLHU VWDQGHQ ]ZHL .DPSIURERWHU 6LH KREHQ VDOXWLHUHQG GLH ,PSXOVVWUDKOHUDOV/DWRUXQG+LUXYRP*OHLWEDQGVSUDQJHQ $QVFKHLQHQG N|QQHQ VLH PLFK DXIJUXQG LKUHU 2SWLN$XVZHUWXQJ HUNHQQHQ EHUOHJWH/DWRU$EHUZLHVRDN]HSWLHUHQVLHDXFKPHLQHQ6RKQDOVEHUHFKWLJWGLH +DXSW]HQWUDOH ]X EHWUHWHQ RKQH PLFK ]X IUDJHQ" ,FK KDEH VHLQHQ %HVXFK VFKOLHOLFKQLFKWDQJHPHOGHW 'LH VWDUNZDQGLJHQ 6FKRWWKlOIWHQ JOLWWHQ VFKQHOO XQG ODXWORV DXVHLQDQGHU /DWRU XQG +LUX WUDWHQ GXUFK GLH gIIQXQJ LQ GLH .RPPDQGR]HQWUDOH HLQH UXQG ]HKQ 0HWHU KRKH +DOOH PLW NUHLVI|UPLJHP *UXQGUL XQG HLQHP 'XUFKPHVVHU YRQ IQI]HKQ 0HWHUQ (LQ GXUFKJHKHQGHV 6FKDOWSXOW ]RJ VLFK DQ GHU :DQGXQJ HQWODQJ(LQH/FNHJDEHVQXUGRUWZRVLFKGDV3DQ]HUVFKRWWEHIDQGhEHUGHP 6FKDOWSXOW ZDUHQ 'DWHQVLFKWVFKLUPH XQG 0RQLWRUH DQJHRUGQHW XQG GDUEHU VSDQQWH VLFK GHU GRPDUWLJ JHZ|OEWH IXJHQORVH 5XQGVLFKWVFKLUP ELV EHU GLH HEHQVRJHZ|OEWH'HFNH ³:LOONRPPHQ DQ %RUG VDJWH HLQH EHNDQQWH 6WLPPH DOV /DWRU XQG +LUX ODQJVDPLQGLH=HQWUDOHKLQHLQJLQJHQ (LQHU GHU KRFKOHKQLJHQ .RQWXUVHVVHO YRU GHP 6FKDOWSXOW VFKZDQJ KHUXP XQG JDE GHQ %OLFN DXI $GPLQLVWUDWRU 0XURUH *XE IUHL GHU GDULQ VD LQ HLQHU %RUGNRPELQDWLRQPLW/DWRUXQEHNDQQWHQ5DQJDE]HLFKHQJHNOHLGHW ³,FKP|FKWHPHLQHP6RKQGDV6FKLII]HLJHQ0XURUHHUNOlUWH/DWRUHLQZHQLJ YHUOHJHQ³'DVGDUILFKGRFKRGHU" 'HU$GPLQLVWUDWRUVWDQGDXIXQGEUHLWHWHGLH$UPHDXV ³,FK KDEH HXFK GRFK ZLOONRPPHQ JHKHLHQ PHLQ OLHEHU /DWRU VDJWH HU MRYLDO XQGZDQGWHVLFKGHP(OIMlKULJHQ]X³'DVLVWDOVR+LUXGHUNQIWLJH5DXPSLORW 'XZLOOVWGRFKHLQPDO5DXPSLORWZHUGHQ+LUX" ³1HLQ *HQHWLN,QJHQLHXU ZLGHUVSUDFK GHU -XQJH UHVSHNWORV ³,FK ZLOO QHXDUWLJH 3IODQ]HQ ]FKWHQ PLW GHUHQ +LOIH VLFK YLHOOHLFKW GLH $XHQZHOW EHZRKQEDUPDFKHQOlW ³1XQ DXFK GDV LVW HLQ HUVWUHEHQVZHUWHV =LHO PHLQWH 0XURUH ³$XHUGHP OlW VLFKGLH*HQHWLNYLHOVHLWLJHLQVHW]HQ(UZDQGWHVLFKDQ/DWRU³,FKZLOOGDGLH ,QVWDOODWLRQVDUEHLWHQEHVFKOHXQLJWZHUGHQ3URMHNWOHLWHU'LH67$548((1PX IUKHUVWDUWHQDOV]XHUVWJHSODQW /DWRUILHODXVDOOHQ:RONHQ ³$EHU ZLHVR GHQQ GDV 0XURUH" (V JLEW GRFK QLFKWV ZDV XQV ]X GLHVHU (LOH

YHUDQODVVHQZUGH2GHUGRFK" ³,FKKDEHPHLQH*UQGHHUZLGHUWHGHU$GPLQLVWUDWRUDEZHLVHQG³1HQQHQZLU HVHLQH$KQXQJGDZLUGDV6FKLIIVHKUEDOGDNWLYHLQVHW]HQPVVHQDQVWDWWHV QXU ]X WHVWHQ (V N|QQWH MD VHLQ GD HLQ IHLQGOLFKHV 3DWURXLOOHQVFKLII GLHVHV 6RQQHQV\VWHP XQWHUVXFKW XQG GDEHL HQWGHFNW GD GHU YLHUWH 0RQG GHV VLHEWHQ 3ODQHWHQ GHU HLQ]LJHQ 6RQQH YRQ 6WDUEHG HLQHQ =LYLOLVDWLRQVDEOHJHU WUlJW ,Q GLHVHP )DOO PX GDV 3DWURXLOOHQVFKLII GDUDQ JHKLQGHUW ZHUGHQ VHLQHQ $XIWUDJJHEHUGDYRQ]XXQWHUULFKWHQ ³'DUDQJHKLQGHUW"HFKRWH/DWRU³$EHUZLHGHQQ" ³:R]X LVW GDV 6FKLII PLW (QHUJLHNDQRQHQ EHZDIIQHW VWLH GHU $GPLQLVWUDWRU JULPPLJ KHUYRU (LQOHQNHQG IJWH HU KLQ]X ³:LU PVVHQ ]XPLQGHVW VHLQH +\SHUIXQNDQWHQQHQ]HUVW|UHQXQGHVPDQ|YULHUXQIlKLJVFKLHHQ ³2KPDFKWH/DWRUXQJOFNOLFK'DQQKHOOWHVLFKVHLQH0LHQHDXIXQGHUVDJWH ³$EHUHVLVWVHKUXQZDKUVFKHLQOLFKGDZLUHQWGHFNWZHUGHQ'LH'XQNHOZRONH GLH 6WDUEHG HLQVFKOLHW ZLUG YRQ QRUPDOHQ XQG GLPHQVLRQDO EHUJHRUGQHWHQ .UDIWIHOGHUQ ]XVDPPHQJHKDOWHQ GLH ZHGHU OLFKWVFKQHOOH QRFK EHUOLFKWVFKQHOOH 2UWXQJVLPSXOVHGXUFKODVVHQ ³'DV ZDU HLQPDO VDJWH 0XURUH GDQQ SUHWH HU GLH /LSSHQ ]XVDPPHQ DOV ZQVFKWHHUVLFKGLHHEHQJHPDFKWH$XVVDJHXQJHVFKHKHQPDFKHQ]XN|QQHQ ³'DV ZDU HLQPDO" ZLHGHUKROWH /DWRU ODQJVDP XQG VFKDUI DN]HQWXLHUW ³:DV KHLW GDV" (WZD GDV GD GLH GLPHQVLRQDO EHUJHRUGQHWHQ .UDIWIHOGHU GLH 6WDUEHG VR JXW ZLH RUWXQJVVLFKHU PDFKWHQ VFKRQ ODQJH ZLHGHU HUORVFKHQ VLQG" 'LH HUVWH ([SHGLWLRQ ]XP $QWLSRGH 2QH YRU UXQG WDXVHQG -DKUHQ KDWWH MD KHUDXVJHIXQGHQ GD GLH (U]HXJHU GHU 3DUDV\QWKRV GLH 6HTXHQ]DV GLHVH .UDIWIHOGHU DXIEDXWHQ XQG VR SURJUDPPLHUWHQ GD VLH QDFK HLQHU EHVWLPPWHQ =HLWVSDQQHHUORVFKHQ:DUXPHUIDKUHLFKGDVHUVWMHW]W" ³:LU ZROOWHQ HLQH 3DQLN XQWHU GHU %HY|ONHUXQJ YHUKLQGHUQ HUNOlUWH GHU $GPLQLVWUDWRU ³'DV (UO|VFKHQ GLHVHU .UDIWIHOGHU EHGHXWHW LPPHUKLQ GD GDV (PHUDOG6\VWHP MHW]W RIIHQ YRU GHQ 2UWXQJVWDVWHUQ GHU 0LOFKVWUDH OLHJW ,FK ZHLVHGLFKKLHUPLWDQGLHVH,QIRUPDWLRQDOVVWUHQJYHUWUDXOLFK]XEHKDQGHOQ ³6HOEVWYHUVWlQGOLFKYHUVSUDFK/DWRU ³$EHUGDVKlWWHLFKDXFKJHWDQZHQQGX PLFK VRIRUW GDUEHU LQIRUPLHUW KlWWHVW 0XURUH (U GHXWHWH DXI GLH GXUFK WUDQVSDUHQWH 3DQ]HUSODVWZlQGH YRQ GHU EULJHQ =HQWUDOH DEJHWHLOWH 2UWXQJV]HQWUDOH XQG )XQN]HQWUDOH ³$EHU XPJHNHKUW JLOW GLHVH 2IIHQKHLW DXFK :DUXP VHW]HQ ZLU GDQQ QLFKW GLH +\SHURUWXQJ XQG GHQ +\SHUIXQN HLQ XP KHUDXV]XILQGHQ ZDV ULQJV XP 6WDUEHG YRUJHKW XQG ZLH GLH 9HUKlOWQLVVH LQ GHU EULJHQ*DOD[LVDXVVHKHQ" ³'DPLW ZLU XQV YHUUDWHQ" ULHI 0XURUH HUUHJW ³1HLQ ZLU PVVHQ XQV VWLOO YHUKDOWHQ ELV ZLU PLW GHU 67$548((1 GUDXHQ ZDUHQ XQG GLH 9HUKlOWQLVVH NHQQHQ ³$EHU ZLU N|QQHQ XQV VWLOO YHUKDOWHQ XQG GHQQRFK PLW GHQ SDVVLYHQ 2UWXQJVV\VWHPHQ XQG GHQ (PSIDQJVDQWHQQHQ GHV +\SHUNRPV LQ GLH *DOD[LV KLQDXVKRUFKHQ SURWHVWLHUWH /DWRU HEHQVR HUUHJW ³,FK IRUGHUH GD GLH EHWUHIIHQGHQ $QODJHQ VFKQHOOVWHQV GDIU HLQJHVHW]W ZHUGHQ :LU KDEHQ

VFKOLHOLFK HLQH KXQGHUWN|SILJH %HVDW]XQJ HLQ JDQ]HV -DKU ODQJ DXI GLH %HGLHQXQJGHV6FKLIIHVWUDLQLHUW ³$XI.QRSIGUFNHQXQG6HQVRUVWUHLFKHOQK|KQWHGHU$GPLQLVWUDWRU³,KUKDEW MD DOOH YRQ 5DXPIDKUW NHLQH $KQXQJ 'LH $XVELOGXQJ ]XU VDFKJHPlHQ %HGLHQXQJHLQHVEHUOLFKWVFKQHOOHQ.DPSIVFKLIIVGXUFKVHLQH%HVDW]XQJGDXHUW YLHOOlQJHUDOVQXUHLQHLQ]LJHV-DKU1HLQZHGHUGLH2UWXQJVEHGLHQXQJQRFKGLH +\SHUIXQNEHGLHQXQJZHUGHQDQJHUKUW /DWRU .DPEDQG-DUYLV ZDU IDVVXQJVORV EHU GHQ XQVDFKOLFKHQ $XVEUXFK 0XURUHV (U IUDJWH VLFK QXU RE GLHVHV 9HUKDOWHQ DXI $UURJDQ] DXI HLQH K\VWHULVFKH)XUFKWYRUDJJUHVVLYHQ,QWHOOLJHQ]HQDXVGHQ7LHIHQGHV:HOWUDXPV RGHU DXI HWZDV DQGHUHV ]XUFN]XIKUHQ ZDUGDV HU LQVWLQNWLY VSUWH DEHU QLFKW ]XGHILQLHUHQYHUPRFKWH $P OLHEVWHQ KlWWH HU HLQH ]RUQLJH 5HGH YRP 6WDSHO JHODVVHQ 'RFK GLH -DKUH KDWWHQLKQJHOHKUWEHVRQQHQHU]XZHUGHQDOVHULQVHLQHU-XJHQGJHZHVHQZDU (U HUNDQQWH GD =RUQ HLQ VFKOHFKWHU 5DWJHEHU ZDU XQG GD HU GDGXUFK DXFK QLFKWV HUUHLFKHQ ZUGH (U PXWH VLFK EHKHUUVFKHQ XQG DXI HLQHQ =HLWSXQNW KRIIHQ]XGHPGHU$GPLQLVWUDWRU]XJlQJOLFKHUIUVHLQH$UJXPHQWHZDUXQGHU VROOWH YRUEHUHLWHQGH XQG VRQGLHUHQGH *HVSUlFKH PLW 6HWDQ 'HZDU XQG 1RJXQ &XUWLVVIKUHQ:HQQMHPDQG0XURUHXPVWLPPHQNRQQWHGDQQVLH ³,Q 2UGQXQJ VDJWH HU GHVKDOE ³'DQQ ZHUGHQ +LUX XQG LFK GLH %HVLFKWLJXQJ GHU67$548((1IRUWVHW]HQ ³1HLQ ULHI 0XURUH VFKDUI ³,FK VDJWH GRFK GLH ,QVWDOODWLRQVDUEHLWHQ PVVHQ EHVFKOHXQLJW ZHUGHQ 'X JHKVW XQG WULIIVW GLH QRWZHQGLJHQ $QRUGQXQJHQ ,FK ZHUGH GHLQHP .LQG LQ]ZLVFKHQ GLH (LQULFKWXQJHQ GHU .RPPDQGR]HQWUDOH ]HLJHQXQGHUNOlUHQ ³1HLQ LFK ZLOO QLFKW ULHI +LUX ³,FK ZLOO QLFKW DOOHLQ EHL GLHVHP GLHVHP 0DQQEOHLEHQ'DG (UZROOWH]XVHLQHP9DWHUHLOHQDEHUGDSDFNWH0XURUHLKQXQYHUKRIIWDP$UP ]RJ PLW GHU IUHLHQ +DQG HLQHQ NOHLQHQ ,PSXOVVWUDKOHU DXV VHLQHP *UWHOKDOIWHU XQGULHI ³5RERWHU5RERWHU ,Q GHU :DQGXQJ GHU .RPPDQGR]HQWUDOH |IIQHWHQ VLFK /XNHQ XQG DXV LKQHQ VFK|VVHQ SIHLOVFKQHOO NXJHOI|UPLJH VFKZDU]H 5RERWHU PLW VHKU EHZHJOLFKHQ 7HQWDNHODUPHQGLHWHLOZHLVHLQ:DIIHQPQGXQJHQHQGHWHQ /DWRU NDQQWH GLHVH 5RERWHU 6LH ZDUHQ XQWHU VWULNWHU *HKHLPKDOWXQJ QDFK YRQ ,6(*5,0 DXVJHGUXFNWHQ 3OlQHQ LQ HLQHU WRWDO DEJHVFKLUPWHQ 3URGXNWLRQVKDOOH JHEDXWZRUGHQXQGNRQQWHQQLFKWDOV$UEHLWVURERWHUHLQJHVHW]WZHUGHQ 6LH ZDUHQ UHLQH .DPSIPDVFKLQHQ XQG YLHO JHIlKUOLFKHU DOV GLH KRPLQLGHQ .DPSIURERWHU 'HVKDOE ZXWH /DWRU GD HU LQ GHP $XJHQEOLFN VWHUEHQ ZUGH LQ GHP HU $QVWDOWHQPDFKWHVLFKDXIGHQ$GPLQLVWUDWRU]XVWU]HQ(UPXWHVLHLQVJHKHLP VRSURJUDPPLHUWKDEHQGDVLHQXULKPJHKRUFKWHQ 'DPLWVWDQGHVHQGJOWLJIHVWGD0XURUHHLQ*HVHW]HVXQG9HUIDVVXQJVEUHFKHU ZDU

$EHU/DWRUZDUZHKUXQGPDFKWORV -HGHQIDOOV]XU=HLW ³5HGHQ ZLU YHUQQIWLJ PLWHLQDQGHU EHVFKZRU HU 0XURUH XP VHLQHQ -XQJHQ IUHL]XEHNRPPHQ ³0HLQ 6RKQ LVW YHUlQJVWLJW ZDKUVFKHLQOLFK GXUFK XQVHUH HWZDVKLW]LJH'HEDWWH/DLKQPLWPLUJHKHQ,FKZHUGHVRIRUWGLH$QRUGQXQJHQ ]XU%HVFKOHXQLJXQJGHU,QVWDOODWLRQVDUEHLWHQHUWHLOHQ$OOHVNODU" ³(V LVW GDQQ DOOHV NODU ZHQQGX ZLGHUVSUXFKVORV PHLQH $QZHLVXQJHQEHIROJVW /DWRUHUNOlUWH0XURUH³'HP.LQGJHVFKLHKWQLFKWV+LUXLVWPHLQ*DVWXQGHU NDQQ PLW GLU JHKHQ VREDOG GLH ,QVWDOODWLRQVDUEHLWHQ EHVFKOHXQLJW ODXIHQ 'X NDQQVWGDVGHQ7HFKQLNHUEHVVHUEHLEULQJHQDOV1RJXQRGHU6HWDQ$OV6HWDQHV YRUKLQ YHUVXFKWH ZXUGHQ VLH VRJDU JHZDOWWlWLJ (U PXWH GLH $QIKUHU IHVWQHKPHQXQGHUVFKLHHQODVVHQ ³(UVFKLHHQ" KDXFKWH /DWRU YROOHU (QWVHW]HQ ³(U KDW 0HQVFKHQ HUVFKLHHQ ODVVHQ ZHLO VLH VLFK HLQHU $QRUGQXQJ ZLGHUVHW]WHQ" 'DV LVW 0RUG QDFNWHU 0RUG ³0DQFKPDO LVW HV EHVVHU VFKDUI GXUFK]XJUHLIHQ DQVWDWW QDFK]XJHEHQ HQWJHJQHWH0XURUHNDOW³(VNOlUWGLH)URQWHQXQGVFKUHFNWYRU$XIVlVVLJNHLWDE 8QGQXQJHK/DWRU /DWRU VWDUUWH GHQ $GPLQLVWUDWRU KDHUIOOW LQ GLH $XJHQ XQG VLH NDPHQ LKP HUVFKUHFNHQGIUHPGYRU 0XURUH PXWH JHLVWHVJHVW|UW VHLQ :DKUVFKHLQOLFK KDWWH VHLQ IDQDWLVFKHU :LOOH GDV 3URMHNW 6WHUQHQVSUXQJ LQ NU]HVWHU =HLW GXUFK]X]LHKHQ VHLQHQ 9HUVWDQG DXVEUHQQHQODVVHQ(UPXWHVFKQHOOVWHQVDEJHVHW]WXQGLQHLQH.OLQLNJHEUDFKW ZHUGHQXQG6HWDQPLW1XUJLQJGDVOHLGHU]XU=HLWQLFKW 'HU,QJHQLHXU]ZDQJVLFKJHZDOWVDP]X5XKHXQG%HVRQQHQKHLW (UOlFKHOWH+LUX]XXQGVDJWH ³,FK EHHLOH PLFK GDPLW LFK GLFK EDOG DEKROHQ NDQQ 9HUWUDXH PLU XQG YHUKDOWH GLFKYHUQQIWLJ ³-D'DGYHUVSUDFK+LUX ³*HKMHW]WEHIDKO0XURUH ,QQHUOLFKWRWDODXIJHZKOWGUHKWH/DWRUVLFKDXIGHP$EVDW]XPXQGVWUPWHDXV GHU.RPPDQGR]HQWUDOH $OV /DWRU DXV GHP $QWLJUDYOLIW VWLHJ NDP LKP 6HWDQ 'HZDU HQWJHJHQ (U WUXJ ZLH0XURUHHLQH%RUGNRPELQDWLRQXQGLP*UWHOKDOIWHUHLQHNOHLQH6WUDKOZDIIH /DWRUEOLHEVWHKHQ ³'XKDVW0HQVFKHQHUVFKLHHQODVVHQ"IUDJWHHUXQGKRIIWHLQVJHKHLP0XURUH KlWWHQXUJHEOXIIW ³*HJHQ $XIUKUHU PX GXUFKJHJULIIHQ ZHUGHQ HUNOlUWH GHU &KHI GHU 5DXPIDKUWEHK|UGH NDOW ³:LU N|QQHQ XQV NHLQH 6FKZlFKH HUODXEHQ ZHQQ ZLU ]XGHQ6WHUQHQZROOHQ ³$EHUGRFKQLFKWXPGLHVHQ3UHLVHQWJHJQHWH/DWRUIDVVXQJVORV ³'DUEHU GLVNXWLHUH LFK QLFKW VDJWH 6HWDQ ³.PPHUH GLFK OLHEHU XP GLH 7HFKQLNHU6LHVLQGXQWHU%HZDFKXQJLQGHU.DQWLQH8QGGHQNHLPPHUDQGHLQ .LQG

/DWRU VDJWH QLFKWV PHKU (U JLQJ ZHLWHU 6HWDQ ZXWH DOVR VFKRQ GD 0XURUH +LUX IHVWKLHOW 0|JOLFKHUZHLVH ZDU GDV YRQ LKP XQG 6HWDQ VFKRQ JOHLFK QDFK GHP =ZLVFKHQIDOO PLW GHQ 7HFKQLNHUQ JHSODQW ZRUGHQ ,PPHUKLQ KDWWH 6HWDQ JHZXW GD HU KHXWH XP GLHVH =HLW VHLQHP 6RKQ GDV 6FKLII YRQ LQQHQ ]HLJHQ ZROOWH (UEDOOWHGLH)lXVWHYRURKQPlFKWLJHP=RUQ :LH ZDU HV QXU P|JOLFK GD GUHL 0lQQHU GLH HU YRQ IUKHU KHU DOV UHFKWVFKDIIHQXQGJHVHW]HVWUHXJHNDQQWKDWWHVLFK]X9HUEUHFKHUQHQWZLFNHOWHQ GLHYRUQLFKWV]XUFNVFKUHFNWHQ" $OVHUGLH:HUIWKDOOHYHUOLHXQGLQGHQ.RUULGRUHLQERJGHU]XU.DQWLQHIKUWH VDK HU GUHL EHZDIIQHWH 0lQQHU XQG IQI KRPLQLGH .DPSIURERWHU YRU GHP HLQ]LJHQ=XJDQJVWHKHQ(UNDQQWHGLH0lQQHU6LHZDUHQ$EWHLOXQJVOHLWHULQGHU $GPLQLVWUDWLRQ (U IUDJWH VLFK ZHVKDOE VLH VLFK GD]X KHUJDEHQ GLH YHUEUHFKHULVFKHQ 0DFKHQVFKDIWHQ GHV $GPLQLVWUDWRUV XQG GHV &KHIV GHU 5DXPIDKUWEHK|UGH]XXQWHUVWW]HQ 6FKZHLJHQGJLQJHUDQLKQHQYRUEHLXQGLQGHQJURHQ.DQWLQHQUDXPKLQHLQ (WZDYLHU]LJ7HFKQLNHUVWDQGHQGRUWLQNOHLQHQ*UXSSHQEHLVDPPHQ /DWRUHUVFKUDN ,QGLHVHU6FKLFKWVROOWHQHVHLJHQWOLFKIQIXQGIQI]LJ7HFKQLNHUVHLQ +DWWH6HWDQIQI]HKQ0lQQHUHUVFKLHHQODVVHQ" ³+DVW GX GLFK MHW]W DXFK EUHLWVFKODJHQ ODVVHQ /DWRU" ULHI LKP *DUVDQ +HOZLJ HQWJHJHQ HLQ QRFK MXQJHU DEHU ]LHPOLFK KLW]N|SILJHU 0DQQ ³)DOOV GX XQV EHUUHGHQZLOOVW GLH $UEHLW ZLHGHU DXI]XQHKPHQ NDQQVW GX GHLQH /XIW VSDUHQ :LUVWUHLNHQ =XVWLPPHQGHV *HPXUPHO GHU DQGHUHQ 7HFKQLNHULQQHQ XQG 7HFKQLNHU HUVFKROO $EHUYLHOHGHU$XJHQLQGLH/DWRUVDKGUFNWHQ)XUFKWDXV ³0XURUH KDW PHLQHQ 6RKQ HUNOlUWH /DWRU ³(U EHKlOW LKQ LQVHLQHU *HZDOW ELV GLH,QVWDOODWLRQVDUEHLWHQEHVFKOHXQLJWDQJHODXIHQVLQG+DW6HWDQZLUNOLFK/HXWH HUVFKLHHQODVVHQ" ³(OI0lQQHUXQGYLHU)UDXHQULHI3DDKQL*XPERUPLWWUlQHQHUVWLFNWHU6WLPPH ³:DKQVLQQIOVWHUWH/DWRU³(VLVWKHOOHU:DKQVLQQ ³5LFKWLJ VDJWH HLQH 7HFKQLNHULQ GLH HU QLFKW QDPHQWOLFK NDQQWH XQG GLH GHVKDOE QHX VHLQ PXWH ³8QG DXV GLHVHP *UXQG PVVHQ ZLU GLH 9HUDQWZRUWOLFKHQDEVHW]HQ ³'UDXHQVWHKHQIQI.DPSIURERWHUXQGGUHLEHZDIIQHWH0lQQHUVDJWH/DWRU ³:LUNlPHQQLFKWZHLW6HLGYHUQQIWLJ/HXWH ³$EHUDUEHLWHQZHUGHQZLUQLFKWHUNOlUWH/RWRU6SKD[ ³'HQNW GDUDQ GD 0XURUH /DWRUV 6RKQ LQ VHLQHU *HZDOW KDW PDKQWH 0DKWL 'REUlQ ³:LU GUIHQ LKQ QLFKW JHIlKUGHQ ,FK ELQ GDIU GD ZLU GLH $UEHLW ZLHGHUDXIQHKPHQXQGGLH,QVWDOODWLRQHQEHVFKOHXQLJWYRUDQWUHLEHQ ³,KU EHNRPPW GDIU VR YLHOH ]XVlW]OLFKH $UEHLWVURERWHU ZLH LKU EHQ|WLJW YHUVSUDFK/DWRU³,PEULJHQLVWDXIJHVFKREHQQLFKWDXIJHKREHQ 0HKUHUH=XUXIHULQQHQXQG=XUXIHUSIOLFKWHWHQLKPEHL

³:LU ZHUGHQ GDV WXQ ZDV YRQ XQV YHUODQJW ZLUG VDJWH VFKOLHOLFK (XJXU /REUDOHLQlOWHUHU7HFKQLNHUGHUGDV9HUWUDXHQGHUPHLVWHQ/HXWHJHQR (V JDE NHLQHQ :LGHUVSUXFK 0HKU RGHU ZHQLJHU ZLGHUZLOOLJ ELOGHWHQ GLH /HXWH HLQH5HLKHGLHVLFKDXIGHQ,QJHQLHXU]XEHZHJWH:HULKQHUUHLFKWKDWWHQDQQWH GLH =DKO GHU $UEHLWVURERWHU GLH HU ]XVlW]OLFK EUDXFKWH GDQQ JLQJ HU ZHLWHU /DWRUJDEGLH=DKOHQLQGHQ&RPSXWHUVHLQHV.RPPDQGRDUPEDQGVHLQ $OV HU DOOH 0HOGXQJHQ EHNRPPHQ KDWWHVFKLFNWH HUGLH )UDXHQ XQG 0lQQHU DQ LKUH $UEHLW GDQQ JLQJ HU ]XP 5RERW'HSRW VFKULHE HLQHQ $XVOLHIHUXQJVVFKHLQ DXV XQG YHUDQODWH GD GLH DQJHIRUGHUWHQ $UEHLWVURERWHU DNWLYLHUW XQG DQ LKUH $UEHLWVSOlW]HJHVFKLFNWZXUGHQ $QVFKOLHHQG NHKUWH HU LQ GLH :HUIW ]XUFN XQG QDFKGHP HU VLFK GDYRQ EHU]HXJWKDWWHGDGLH,QVWDOODWLRQVDUEHLWHQWDWVlFKOLFKIRUFLHUWYRUDQJHWULHEHQ ZXUGHQ JLQJ HU LQ GLH .RPPDQGR]HQWUDOH XP VHLQHQ 6RKQ YRQ 0XURUH *XE ]XUFN]XIRUGHUQ ,KP ZDU IODX LP 0DJHQ GHQQ HU EHIUFKWHWH GHU $GPLQLVWUDWRU N|QQWH +LUX XQWHUHLQHP9RUZDQGQRFKOlQJHULQVHLQHU*HZDOWEHKDOWHQ 'RFKGLHVPDOHUOHEWHHUHLQHIUHXGLJHhEHUUDVFKXQJ 0XURUHKDWWHGLH.RPPDQGR]HQWUDOHPLWXQEHNDQQWHP=LHOYHUODVVHQXQG+LUX ZDUWHWHDOOHLQDXILKQ 6FKZHLJHQG VFKOR HU VHLQHQ 6RKQ LQ GLH $UPH GDQQ YHUOLH HU PLW LKP GLH 67$548((1XP LKQLQGLH6WDGWZRKQXQJLQ/+]XEULQJHQZRHUZLHHU KRIIWHLQ6LFKHUKHLWVHLQZUGH 'DQDFK JLQJ HU VHLQHU $UEHLW QDFK DOV RE QLFKWV JHVFKHKHQ ZlUH ,Q :LUNOLFKNHLW DEHU KDWWH HU HQGJOWLJ PLW VHLQHQ 9RUJHVHW]WHQ XQG GHU $GPLQLVWUDWLRQ JHEURFKHQ XQG ZDU IHVW HQWVFKORVVHQ LQVJHKHLP JHJHQ VLH ]X DUEHLWHQ XQG QDFK HLQHU 0|JOLFKNHLW ]X VXFKHQ VLH DXV]XVFKDOWHQ RKQH GD HUQHXW0HQVFKHQVWHUEHQPXWHQ ³'LHVH 0|UGHU ULHI 9UL .LRQGLNH ]RUQLJ DOV /DWRU .DPEDQG-DUYLV VHLQHQ %HULFKWEHHQGHWKDWWH 'LHVPDO KDWWHQ VLFK GLH EHLGHQ )DPLOLHQ LQ GHU 6WDGWZRKQXQJ GHU .DPEDQG -DUYLV JHWURIIHQ6LHVDHQLP:RKQ]LPPHUXPHLQHQUXQGHQ7LVFK]XVDPPHQ ZlKUHQG +LUX ,UL XQG -HSX GHQ GLH .DPEDQG-DUYLV DGRSWLHUW KDWWHQ VLFK LP .LQGHU]LPPHU9LGHRVDQVDKHQ ³:LUPVVHQHWZDVJHJHQVLHXQWHUQHKPHQVWLPPWH6LULLKU]X ³+lWWHQZLUQXUQLFKWPLWJHPDFKWPHLQWH/HVWHU.LRQGLNHHUVFKWWHUW ³'DQQ ZlUHQ MHW]W DQGHUH DQ XQVHUHU 6WHOOH XQG VWQGHQ YRU GHQVHOEHQ 3UREOHPHQ HUNOlUWH /DWRU ³,FK GHQNH GD 0XURUH 6HWDQ XQG 1RJXQ YRQ $QIDQJ DQ IDOVFKHV 6SLHO PLW XQV JHWULHEHQ KDEHQ 6LH ZROOHQ JDU NHLQHQ .RQWDNW PLW 7HUUD 6WDWW GHVVHQ ZROOHQ VLH IUKHU PLW GHP 6FKLII VWDUWHQ DOV XUVSUQJOLFK JHSODQW XQG LFK JODXEH QLFKWGD VLH GDVZHJHQGHVHYHQWXHOOHQ $XIWDXFKHQV HLQHV 3DWURXLOOHQVFKLIIV ZROOHQ 6LH PVVHQ DQGHUH *UQGH KDEHQ GLHVLHXQVYHUVFKZHLJHQ ³:RUDXVVFKOLHWGXGDV"IUDJWH/HVWHU ³'DUDXV GD VLH XQV QLFKW JHVWDWWHQ GLH 3DVVLY2UWXQJ XQG GHQ

+\SHUIXQNHPSIlQJHU]XEHQXW]HQDQWZRUWHWHGHU,QJHQLHXU³:LUVROOHQQLFKW HUIDKUHQZDVDXHUKDOEYRQ6WDUEHGLQGHU*DOD[LVYRUJHKW'HVKDOEKDWWHQVLH XQV DXFK YHUVFKZLHJHQ GD GLH .UDIWIHOGHU LQ GHU 'XQNHOZRONH GLH VLH XQGXUFKOlVVLJ IU EHUOLFKWVFKQHOOH ,PSXOVH MHGZHGHU $UW PDFKWHQ HUORVFKHQ VLQG ³$XJHQEOLFN PDO VDJWH /HVWHU ³:DV KDWWH 0XURUH EHU GLH $XVELOGXQJ HLQHU 6FKLIIVEHVDW]XQJJHVDJW/DWRU" ³'D GLH $XVELOGXQJ ]XU VDFKJHPlHQ %HGLHQXQJ HLQHV EHUOLFKWVFKQHOOHQ .DPSIVFKLIIVDQWZRUWHWH/DWRU ³+DOW ULHI /HVWHU ³'D KDEHQ ZLU HV 0XURUH QDQQWH GLH 67$548((1 HLQ .DPSIVFKLII 'DPLW KDW HU VLFK EHVWLPPW YHUVHKHQWOLFK YHUSODSSHUW $EHU HV LVW VHKU DXIVFKOXUHLFK 8QV KDW HU LPPHU HU]lKOW GD GLH 67$548((1 )RUVFKXQJVIOJH GXUFKIKUHQ VROOWH +lOW HV MHPDQG YRQ HXFK IU GHQNEDU GD HUGDV6FKLIIGD]XPLEUDXFKHQZLOODQGHUH=LYLOLVDWLRQHQ]XEHUIDOOHQXQG]X XQWHUZHUIHQ" ³0LW HLQHP HLQ]LJHQ 6FKLII" PHLQWH 9UL ]ZHLIHOQG ³'DV *HGlFKWQLV GHU HKHPDOLJHQ *5$< /$'< HQWKlOW GLH ,QIRUPDWLRQ GD GLH PHLVWHQ UDXPIDKUWWUHLEHQGHQ=LYLOLVDWLRQHQGHU0LOFKVWUDH+XQGHUWHRGHUJDU7DXVHQGH YRQ5DXPVFKLIIHQEHVLW]HQ ³9LHOOHLFKW ZROOHQ GLH 9HUEUHFKHU XQWHUHQWZLFNHOWH =LYLOLVDWLRQHQ XQWHUMRFKHQ XQGDXVEHXWHQPHLQWH6LUL ³2GHU GLH %HZDIIQXQJ GHU 67$548((1 LVW GHU %HZDIIQXQJ GHU PHLVWHQ 6FKLIIHDQGHUHU=LYLOLVDWLRQHQVREHUOHJHQGDGDV6FKLIIHVPLWYLHOHQDQGHUHQ 6FKLIIHQ JOHLFK]HLWLJ DXIQHKPHQ NDQQ VDJWH /DWRU EHGlFKWLJ ³'LH YHUVFKLHGHQHQ$EWHLOXQJHQGHU:HUIWKDEHQQLFKWQXUQRUPDOH,PSXOVJHVFKW]H IU GLH 67$548((1 KHUJHVWHOOW VRQGHUQ DXFK XQWHUVFKLHGOLFKH 7HLOH GLH VSlWHU LQ *HVFKW]NXSSHOQ GHV 6FKLIIHV ]X :DIIHQ ]XVDPPHQJHVHW]W ZXUGHQ GHUHQ )XQNWLRQV XQG :LUNXQJVZHLVH PLU XQG DOOHQ DQGHUHQ %HWHLOLJWHQ HLQ 5lWVHOJHEOLHEHQVLQG²GHP7ULXPYLUDWDEHUZDKUVFKHLQOLFKQLFKW ³'HP7ULXPYLUDW"HFKRWH9UL.LRQGLNHYHUVWlQGQLVORV ³,FKKDEHGHQ%HJULIIDXVHLQHPDOWHQ,1)2HUNOlUWH/DWRU³7ULXPYLUDWQDQQWH PDQ LQ SUlNRVPLVFKHU =HLW GLH GUHL 'LNWDWRUHQ HLQHU WHUUDQLVFKHQ 6WDGW QDPHQV 5RP ³'HU%HJULIISDWDXI0XURUH6HWDQXQG1RJXQVWHOOWH/HVWHUIHVW³$EHUHLQHV YHUVWHKH LFK QLFKW 'LH )XQNWLRQVZHLVH XQG :LUNXQJVZHLVH GHU YRQ GLU /DWRU HUZlKQWHQ :DIIHQ PVVHQ GRFK DXV GHQ 8QWHUODJHQ KHUYRUJHKHQ GLH PDQ GDPDOVJHIXQGHQKDWWH ³,FK KDEH GLHVH 8QWHUODJHQ QLH ]X VHKHQ EHNRPPHQ HUZLGHUWH /DWRU ³,6(*5,0KDWWHVLHDOOHVFKRQDXIEHUHLWHWVRGDVlPWOLFKH'DWHQXQG)DNWHQ YRQLKPVWDPPHQ ³+DVW GX QLH (LQVLFKW LQ GLH 2ULJLQDO8QWHUODJHQ YHUODQJW" IUDJWH /HVWHU YHUZXQGHUW ³-DHLQPDODQWZRUWHWH/DWRU³'DPDOVVDJWHPLU6HWDQGDVVHLQLFKWQ|WLJXQG DXFK ZHQLJ HUJLHELJ GD YLHOH 'DWHQ XQG )DNWHQ VR NRGLHUW VHLHQ GD QXU HLQH

KRFKZHUWLJH 3RVLWURQLN ZLH ,6(*5,0 HWZDV GDPLW DQIDQJHQ N|QQWH 'DPDOV JDELFKPLFKGDPLW]XIULHGHQ(VNODQJMDDXFKGXUFKDXVORJLVFK ³8QGKHXWH"HUNXQGLJWHVLFKVHLQH)UDX³.OLQJWHVKHXWHQLFKWPHKUORJLVFK" ³+HXWHHUVFKHLQWHVPLUQXUQRFKYHUGlFKWLJHUZLGHUWH/DWRU³'DV7ULXPYLUDW KDWXQVYRQ$QIDQJDQZLFKWLJH,QIRUPDWLRQHQYRUHQWKDOWHQ ³$EHUZLHN|QQHQZLUDQVLHKHUDQNRPPHQ"IUDJWH9UL³,6(*5,0KDWVLFKHU HLQH 6SHUUH GLH YHUKLQGHUW GD 8QEHIXJWHZLHZLU]XJHKHLPHQ,QIRUPDWLRQHQ JHODQJHQ ³'RUWN|QQHQZLUGHPQDFKQLFKWDQVHW]HQPHLQWH/HVWHU.LRQGLNH³$EHUZLH LVWHVPLWGHP+\SHUHPSIlQJHU":HQQZLUDQLKQKHUDQN|QQWHQPWHHVGRFK P|JOLFK VHLQ +\SHUNRPVHQGXQJHQ DXV YLHOHQ 5DXPVHNWRUHQ GHU 0LOFKVWUDH DXI]XIDQJHQ XQG XQV DXV LKQHQ HLQ %LOG EHU GLH 9RUJlQJH DXHUKDOE YRQ 6WDUEHG ]X PDFKHQ 9LHOOHLFKW NlPHQ ZLU DXI GLHVH :HLVH GDKLQWHU ZDV GDV 7ULXPYLUDWSODQW ³-D YLHOOHLFKW VDJWH /DWRU QDFKGHQNOLFK ³$EHU LQ GHU 67$548((1 VWHKHQ EHUDOO .DPSIURERWHU ,FK ZHL QLFKW RE VLH ]XODVVHQ GD ZLU XQV DP +\SHUNRP]XVFKDIIHQPDFKHQ ³'DVNRPPWGDUDXIDQZLHVLHYRP7ULXPYLUDWSURJUDPPLHUWVLQGPHLQWH9UL GDQQ VWXW]H VLH ³$EHU ZHGHU 0XURUH QRFK 6HWDQ XQG 1RJXQ KDEHQ HLQH $XVELOGXQJ DOV 3URJUDPPLHUHU VFKRQ JDU QLFKW IU GLH KRFKZHUWLJHQ 3RVLWURQLNHQ YRQ 5RERWHUQ 6LH N|QQWHQ VLH HLJHQWOLFK JDU QLFKW SURJUDPPLHUW KDEHQ ³:HUN|QQWHHVGDQQJHWDQKDEHQ"IUDJWH/DWRU ³$XHU6LULXQGPLUQLHPDQGDQWZRUWHWH9ULXQGZXUGHEOD³'DZLUHVDEHU QLFKWZDUHQPVVHQGLHGUHL9HUEUHFKHUHVGRFKVHOEVWJHWDQKDEHQ ³'LH6DFKHZLUGLPPHUUlWVHOKDIWHUVWHOOWH/HVWHLIHVW³:LUPVVHQLKUDXIGHQ *UXQG JHKHQ ,FK DKQH GD GDV 7ULXPYLUDW HLQH JDQ] VFKOLPPH 6DFKH YRUEHUHLWHW(LJHQWOLFKEHJUHLIHLFKGDVQLFKW0XURUH6HWDQXQG1RJXQKlWWHLFK IUKHUQLH]XJHWUDXWGDVLH9HUEUHFKHQSODQHQXQGDXVIKUHQ(VLVWDOVKlWWHQ VLFKLKUH3HUV|QOLFKNHLWHQUDGLNDOYHUlQGHUW ³*HQDXVRLVWHVSIOLFKWHWH/DWRULKPEHL³,FKGHQNHZLUPVVHQHVULVNLHUHQ DQGHQ+\SHUNRP]XJHKHQXQGLKQDXI(PSIDQJ]XVFKDOWHQ ³:DQQ"HUNXQGLJWHVLFK/HVWHU /DWRUGDFKWHQDFK ³$P EHVWHQ JHKHQ ZLU ZlKUHQG GHV QlFKVWHQ 6FKLFKWZHFKVHOV JDQ] RIIHQ LQV 6FKLIIPHLQWHHU³:HQQMHPDQGYRP7ULXPYLUDWXQVEHJHJQHWXQGIUDJWZDV ZLU ZROOHQ N|QQWHQ ZLU VDJHQ GD ZLU NRQWUROOLHUHQ ZROOHQ RE GLH ,QVWDOODWLRQVDUEHLWHQYRQMHGHU6FKLFKWEHVFKOHXQLJWIRUWJHIKUWZHUGHQ ³,FKNRPPHPLWHUNOlUWH9UL /DWRUVFKWWHOWHGHQ.RSI ³1HLQ GX GDUIVW QLFKW PLWJHKHQ XQG 6LUL DXFK QLFKW 'DV ZUGH 9HUGDFKW HUUHJHQ%LVKHUVHLGLKUVWHWVQXUZlKUHQGHXUHU6FKLFKWHQLP6FKLIIJHZHVHQGD N|QQWLKUMHW]WQLFKWVDQGHUHVDQIDQJHQ ³'DVVHKHLFKHLQHUZLGHUWH9UL

³$EHU VHLG YRUVLFKWLJ PDKQWH 6LUL GLH EHLGHQ 0lQQHU ³9HUJHW QLH ZLH VNUXSHOORVGDV7ULXPYLUDWKDQGHOW ³:LUZHUGHQGDUDQGHQNHQYHUVLFKHUWH/HVWHU 'LH )UDXHQ XQG 0lQQHU GHU 1DFKWVFKLFKW YHUOLHHQ VRHEHQ GLH 67$548((1 DOV/DWRU.DPEDQG-DUYLVXQG/HVWHU.LRQGLNHGLH:HUIWKDOOHEHWUDWHQ 6NHSWLVFKH DUJZ|KQLVFKH XQG KRIIQXQJVYROOH %OLFNH WUDIHQ GLH EHLGHQ ,QJHQLHXUH 'LHVH QLFNWHQ GHQ /HXWHQ PLW DXVGUXFNVORVHQ *HVLFKWHUQ ]X GHQQ VLH ZXWHQ GD VLH PHKU DOV ELVKHU GDUDXI DFKWHQ PXWHQ QLFKWV EHU LKUH ZDKUHQ*HIKOHJHJHQEHUGHQ0DFKHQVFKDIWHQGHV7ULXPYLUDWV]XYHUUDWHQ *OHLFK]HLWLJ PLW LKQHQ JLQJHQ GLH /HXWH GHU )UKVFKLFKW DQ %RUG /DWRU XQG /HVWHU ZHFKVHOWHQ :RUWH PLW LKQHQ EOLHEHQ DQ YHUVFKLHGHQHQ $UEHLWVSOlW]HQ VWHKHQ HUNXQGLJWHQ VLFK QDFK WHFKQLVFKHQ 3UREOHPHQ XQG GDQDFK ZLH GLH ]XVlW]OLFKHQ$UEHLWVURERWHUVLFKEHZlKUWHQ 'LHVPDO JDE HV LP 6FKLII QLFKW QXU KRPLQLGH .DPSIURERWHU VRQGHUQ DXFK EHZDIIQHWH 0lQQHU GLH IUKHU DXI ZLFKWLJHQ 3RVWHQ GHU $GPLQLVWUDWLRQ JHDUEHLWHW KDWWHQ 6LH EHREDFKWHWHQ GLH EHLGHQ ,QJHQLHXUH DEHU LKU +DXSWDXJHQPHUNVFKLHQGHQ7HFKQLNHUQ]XJHOWHQ ,PPHU QlKHU NDPHQ /DWRU XQG /HVWHU GHU .RPPDQGR]HQWUDOH +LHU ZXUGH IDVW KHNWLVFK JHDUEHLWHW GHQQ KLHU ZDUHQ QRFK GLH PHLVWHQ ,QVWDOODWLRQHQ YRU]XQHKPHQ 'DV WUDI DEHU QLFKW DXI GLH .RPPDQGR]HQWUDOH VHOEVW ]X 'RUW ZDUHQDOOH$UEHLWHQVFKRQYRUOlQJHUHU=HLWDEJHVFKORVVHQZRUGHQ 9RUGHP3DQ]HUVFKRWWVWDQGHQZLHDP9RUWDJ]ZHLKRPLQLGH.DPSIURERWHU6LH OLHHQ /DWRU XQG /HVWHU MHGRFK DQVWDQGVORV SDVVLHUHQ GD GLH EHLGHQ 0lQQHU LQ OHLWHQGHQ3RVLWLRQHQDXIGHU:HUIWDUEHLWHWHQ $OV VLH LQ GHU .RPPDQGR]HQWUDOH VWDQGHQ XQG GDV 6FKRWW VLFK KLQWHU LKQHQ ZLHGHU VFKOR DWPHWHQ VLH DXI %LVKHU KDWWH HV NHLQH 6FKZLHULJNHLWHQ JHJHEHQ ²XQGDXHULKQHQEHIDQGVLFKQLHPDQGLQGHU=HQWUDOH 9HUVWRKOHQ JULII /DWRU QDFK GHP NOHLQHQ ,PSXOVVWUDKOHU GHU LQ GHU +LQWHUODVVHQVFKDIW VHLQHV 9DWHUV JHZHVHQ ZDU GHU GLH :DIIH VHLQHUVHLWV YRQ VHLQHP 9DWHU JHHUEW KDWWH XQG VR IRUW (U ZXWH QLFKW RE GHU 6WUDKOHU QRFK IXQNWLRQLHUWHGHQQHUVROOWHlOWHUDOVWDXVHQG-DKUHVHLQXQGHUZXWHDXFKQLFKW REGDV(QHUJLHPDJD]LQQRFKNQDSSKDOEYROOZDUZLHHUYRQGHUHQWVSUHFKHQGHQ $Q]HLJH DEJHOHVHQ KDWWH DEHU HU KDWWH DXFK QLFKW YRU GLH :DIIH ]X EHQXW]HQ VRQGHUQ VLH QXU HLQJHVWHFNW XP VLFK ]X EHUXKLJHQ 8QWHUGHVVHQ ZDU VLH LKP OlVWLJ JHZRUGHQ DEHU HU ZROOWH VLH QLFKW HLQIDFK LUJHQGZR OLHJHQODVVHQ ZR VLH ZDKUVFKHLQOLFK 9HUORUHQJLQJ VRQGHUQ VLH LQ GLH XUDOWH $XVUVWXQJVWUXKH ]XUFNOHJHQDXVGHUHUVLHJHQRPPHQKDWWH /DQJVDPQlKHUWHHUVLFKJHPHLQVDPPLW/HVWHUGHP+\SHUIXQNJHUlW ³(V LVW HLQ +\SHUNRP PLW HLQHP =XVDW] GHU ZLHGHU VR HWZDV LVW ZDV LFK QLFKW JDQ]GXUFKVFKDXHHUNOlUWHHUGHP)UHXQG³,FKZHLQXUGDGLH$NWLYLHUXQJ GHV =XVDW]HV GDIU VRUJW GD GLH EHUOLFKWVFKQHOOHQ )XQNLPSXOVH XQWHU 8PJHKXQJ GHV IQIGLPHQVLRQDOHQ +\SHUUDXPV GXUFK HLQH HQHUJHWLVFK QHXWUDOH /LEUDWLRQV]RQH]ZLVFKHQIQIWHUXQGVHFKVWHU'LPHQVLRQJHOHLWHWZHUGHQ ³'DQQODVVHQZLUGLH)LQJHUDPEHVWHQYRQGHU=XVDW]VFKDOWXQJPHLQWH/HVWHU

³:LU ZROOHQ MD VRZLHVR QLFKW VHQGHQ VRQGHUQ QXU HPSIDQJHQ :HLW GX ZLH PDQVRZHLWZLHP|JOLFKLQGLH0LOFKVWUDHKLQHLQODXVFKW" /DWRUQLFNWH ³,QGHP PDQ GLH ,PSXOVYHUVWlUNHU KRFKVFKDOWHW DQWZRUWHWH HU ³(LQH $XVULFKWXQJ GHU $QWHQQH LVW QLFKW HUIRUGHUOLFK GD VLH +\SHUIXQNLPSXOVH DXV DOOHQ5LFKWXQJHQJOHLFK]HLWLJHLQIlQJW ³*XW HUZLGHUWH /HVWHU ³'DQQ DNWLYLHUH GHQ (PSIDQJ ,FK DOV 6FKLIIV]HOOHQ ,QJHQLHXU YHUVWHKH ]X ZHQLJ GDYRQ $EHU LFK ZHUGH LQ]ZLVFKHQ HWZDV DQGHUHV WXQ QlPOLFK GDV 5HSDUDWXUOXN QHEHQ GHP 3XOW GHV $XWRSLORWHQ |IIQHQ 6ROOWH EHUUDVFKHQG MHPDQG DXIWDXFKHQ N|QQHQ ZLU XQV LQ GHQ 5HSDUDWXUJlQJHQ YHUEHUJHQ ³'DV LVW HLQH JXWH ,GHH PHLQWH /DWRU ZlKUHQG HU VLFK DXI GHQ 6HVVHO GHV )XQNHUV VHW]WH XQG GLH 6FKDOWXQJHQ ]XU $NWLYLHUXQJ GHV +\SHUIXQNHPSIlQJHUV YRUQDKP (UK|UWHDQIDQJVQLFKWVZHLWHUDOV3IHLIHQ.QDWWHUQXQG.UDFKHQ$OVHUDEHUGLH ,PSXOVYHUVWlUNHU KRFKVFKDOWHWH XQG GLH 7DVWH ]XU (OLPLQLHUXQJ YRQ 6W|UJHUlXVFKHQ GUFNWH ZLVSHUWHQ SO|W]OLFK PHKUHUH 6WLPPHQ DXV GHQ /DXWVSUHFKHUQ 'LHEHLGHQ0lQQHUK|UWHQHLQH:HLOHJHVSDQQW]XDEHUDOVVLHPHUNWHQGDHV VLFKOHGLJOLFKXPHLQHJHVFKlIWOLFKH9HUKDQGOXQJ]ZLVFKHQ6SULQJHUQKDQGHOWH OLHHQVLHGHQDXWRPDWLVFKHQ)UHTXHQ]VXFKHUZHLWHUODXIHQ 3O|W]OLFKGU|KQWHHLQH6WLPPHXQQDWUOLFKODXWGXUFKGLH.RPPDQGR]HQWUDOH (UVFKURFNHQ VFKDOWHWH /DWRU GLH ,PSXOVYHUVWlUNHU ZLHGHU JDQ] KHUXQWHU GDQQ VFKDOWHWHHUVLHEHKXWVDPZLHGHUKRFKELVHUGLHVHOEH6WLPPHJHGlPSIWZLHGHU K|UWH 6LH VSUDFK ,QWHUNRVPR ZLH GLH 6WLPPHQ GHU EHLGHQ *DODNWLVFKHQ +lQGOHU DEHU VLHJHK|UWHQLFKW]XHLQHP'LDORJ =XHUVW JHVSDQQW XQG GDQQ PLW ZDFKVHQGHU 8QUXKH XQG VFKOLHOLFK YROOHU (QWVHW]HQYHUQDKPHQ/DWRUXQG/HVWHUGLHVH%RWVFKDIW ³+LHU VSULFKW *DOEUDLWK 'HLJKWRQ &KHI GHU $EZHKURUJDQLVDWLRQ GHV 6RODUHQ ,PSHULXPV,FKZHQGHPLFKDQDOOH9|ONHU2UJDQLVDWLRQHQXQG(LQ]HOSHUVRQHQ DXI 3ODQHWHQ LQ 5DXPVWDWLRQHQ XQG DXI 5DXPVFKLIIHQ GLH PLFK HPSIDQJHQ N|QQHQ 'LH *HIDKU YRU GHU LFK VFKRQ YRU HLQLJHU =HLW ZDUQWH LVW DNXW JHZRUGHQ 7DNHULVFKH,QYDVRUHQYRP9RONGHU&DSSLQVDXVGHU*DOD[LV*UXHOILQKDEHQPLW GHU ,QYDVLRQ GHU 0LOFKVWUDH EHJRQQHQ ,KU HUVWHV =LHO ZDU GHU 3ODQHW 2O\PS DXIGHP]XU =HLW QRFK VFKZHUH .lPSIHWREHQ0LW$QJULIIHQDXI ZHLWHUH =LHOH PXJHUHFKQHWZHUGHQ $FKWXQJ 'LH &DSSLQV YHUIJHQ EHU GLH )lKLJNHLW GHU 3HGRWUDQVIHULHUXQJ GDV KHLW VLH N|QQHQ LKUHQ .|USHU PLWWHOV WHFKQLVFKHU +LOIH GXUFK 3HGRSHLOHU EHU ZHLWHVWH 6WUHFNHQ LQ1XOO]HLW WUDQVIHULHUHQ'DV LVW GLH HLQH6HLWHGHU )lKLJNHLW 'DUEHU KLQDXV N|QQHQ VLH PLW UHLQ JHLVWLJHQ .UlIWHQ JHHLJQHWH 3HGRRSIHU EHUQHKPHQ'D]XSHLOHQVLHGLHVRJHQDQQWHh%6().RQVWDQWHLKUHV2SIHUVDQ MHQH LQGLYLGXHOOH VHFKVGLPHQVLRQDOH (QHUJLHNRQVWDQWH GLH QXU EHL

KRFKHQWZLFNHOWHQ/HEHZHVHQH[LVWLHUW *HOLQJW GHQ &DSSLQV GLH (LQSHLOXQJ GLHVHU .RQVWDQWH GLH DXFK +\SHUVH[WD 0RGXOSDUVWUDKOXQJ JHQDQQW ZLUG EHUODJHUW GHU 3HGRWUDQVIHUHU PLW VHLQHP %HZXWVHLQVLQKDOW GLH 3HUV|QOLFKNHLW GHV 3HGRRSIHUV 'LHVH hEHUODJHUXQJ LVW WRWDO 'HP 3HGRWUDQVIHUHU HUVFKOLHW VLFK GDEHL GHU %HZXWVHLQVLQKDOW VHLQHV 2SIHUVDXHUGHPKDWHU=XJULII]XDOOHQVHLQHQ(ULQQHUXQJHQ 'LHWDNHULVFKHQ3HGRWUDQVIHUHUSIOHJHQVRYRU]XJHKHQGDVLHLQHUVWHU/LQLHGLH IKUHQGHQ 3HUV|QOLFKNHLWHQ HLQHV 9RONHV RGHU DXFK HLQHV 5DXPIDKU]HXJV EHUQHKPHQ VLFK GDGXUFK ,QIRUPDWLRQHQ YHUVFKDIIHQ XQG GDQDFK P|JOLFKVW XQDXIIlOOLJGLH3ROLWLNGLH:LUWVFKDIWXQGGLH:LVVHQVFKDIWHQVRVWHXHUQZLHHV LQLKUHP,QWHUHVVHOLHJW %HLGHUGHU]HLWLJHQ,QYDVLRQVFKHLQWGDV,QWHUHVVHGHU&DSSLQVUHLQGHVWUXNWLYHU 1DWXU ]X VHLQ 'DV KHLW VLH ZROOHQ LQQHUKDOE GHU 0LOFKVWUDH HLQ P|JOLFKVW KRKHV0DDQ=HUVW|UXQJ)XUFKWXQG&KDRVYHUEUHLWHQ hEHUQRPPHQH VLQG QLFKW OHLFKW ]X GXUFKVFKDXHQ 'LH 3HGRWUDQVIHUHU GLH VLH EHKHUUVFKHQ KDEHQ DEHU ]ZHL 6FKZl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lXVFKWH8QIlOOH ,KUH]ZHLWH6FKZDFKVWHOOHLVWGLH7DWVDFKHGDGHU.|USHUHLQHV3HGRWUDQVIHUHUV ]XUFNEOHLEHQ PX ZHQQ VHLQ %HZXWVHLQVLQKDOW HLQ 2SIHU EHUQLPPW (U KDW GDQQ DOOHUGLQJV QLFKW PHKU GLH QRUPDOH )RUP VRQGHUQ YHUZDQGHOW VLFK LQ HLQH VWDUUH EODVLJH 0DVVH GLH XQWHUVFKLHGOLFKH )RUPHQ DQQHKPHQ NDQQ :LUG HLQ VROFKHU .|USHU ]HUVW|UW NDQQ GHU EHWUHIIHQGH 3HGRWUDQVIHUHU QDWUOLFK QLFKW PHKULQLKQ]XUFNNHKUHQXQGLVWVR]XVDJHQKHLPDWORVJHZRUGHQ=ZDUNDQQHU IU LPPHU LP .|USHU VHLQHV 2SIHUV EOHLEHQ RGHU DXFK QDFKHLQDQGHU LQ GHQ .|USHUQ PHKUHUH 2SIHU DEHU GDV LVW QLHPDOV HLQ (UVDW] IU VHLQHQ HLJHQHQ .|USHU 'HVKDOEJHQJWHVPHLVWVHLQHQ]XUFNJHODVVHQHQ.|USHU]XEHGURKHQXPLKQ ]XP 9HUODVVHQ VHLQHV 2SIHUV XQG ]XU 5FNNHKU LQ GHQ HLJHQHQ .|USHU ]X ]ZLQJHQYRUDOOHPGDQQZHQQLKPNODUJHPDFKWZHUGHQNDQQGDVHLQ/HEHQ JHVFKRQWZHUGHQZLUG (LQ 3HGRWUDQVIHUHU ZLUG LQ GHU 5HJHO DXFK GDQQ VHLQ 2SIHU YHUODVVHQ ZHQQ GLHVHVYRQHLQHUW|GOLFKHQ*HIDKUEHGURKWZLUG 'HU%HZXWVHLQVLQKDOWHLQHV3HGRWUDQVIHUHUVNHKUWQlPOLFKQLFKWDXWRPDWLVFKLQ VHLQHQHLJHQHQ.|USHU]XUFNZHQQVHLQ2SIHUVWLUEW(UYHUJHKWPLWLKP(LQH 5HWWXQJ JLEW HV IU LKQ QXU GDQQ ZHQQ HU GHQ .|USHU YRU GHP 7RGH YHUOlW 'HVKDOE JHOLQJW HV VHKU RIW HLQHQ 3HGRWUDQVIHUHU DOOHLQ GXUFK GLH %HGURKXQJ VHLQHV2SIHUVPLWHLQHUW|GOLFKZLUNHQGHQ:DIIH]XP5FN]XJ]XYHUDQODVVHQ ,Q HLQHP VROFKHQ )DOO NDQQ GHU hEHUQRPPHQH VLFK DQ GLH =HLW HULQQHUQ GD HU

HLQ 3HGRRSIHU ZDU .DQQ GHU 3HGRWUDQVIHUHU VLFK DEHU LQ 5XKH ]XUFN]LHKHQ ZHLVHLQ2SIHUKLQWHUKHUQLFKWVPHKUYRQGHU3HGRWUDQVIHULHUXQJ hEULJHQVN|QQHQVLFKPHQWDOVWDELOLVLHUWHXQGSDUDSV\FKLVFKEHJDEWH3HUVRQHQLQ GHU5HJHOHUIROJUHLFKJHJHQGLHhEHUQDKPHGXUFKHLQHQ3HGRWUDQVIHUHUZHKUHQ %HLPDVVLHUWHP$QJULIIPHKUHUHU3HGRWUDQVIHUHUJOHLFK]HLWLJEULFKWDEHUDXFKLKU :LGHUVWDQG]XVDPPHQ ,FK ZDUQH YRU DOOHP GLH 9|ONHU GHU *DOD[LV GLH KXPDQRLG EH]LHKXQJVZHLVH KRPLQLG VLQG GHQQ GLHVH 9|ONHU ZHUGHQ YRQ GHQ &DSSLQV EHYRU]XJW DQJHJULIIHQ 'DV OLHJW PLW JURHU :DKUVFKHLQOLFKNHLW GDUDQ GD GLH &DSSLQV VHOEVW KRPLQLG VLQG XQG GD HLQH $IILQLWlW GLH hEHUQDKPH XQG GHQ *HEUDXFK HLQHVDQGHUHQ/HEHZHVHQVHUKHEOLFKHUOHLFKWHUW +LHU VSULFKW *DOEUDLWK 'HLJKWRQ &KHI GHU $EZHKURUJDQLVDWLRQ GHV 6RODUHQ ,PSHULXPV'LHVH:DUQXQJZLUGLQNXU]HQ]HLWOLFKHQ$EVWlQGHQZLHGHUKROWELV GLH,QYDVLRQGHU&DSSLQVHQGJOWLJQLHGHUJHVFKODJHQLVW 'DEHL ZHUGHQ VWHWV DXFK QHXH (UNHQQWQLVVH EHU GLH $QJUHLIHU VRZLH LKUH 7DNWLNHQ XQG GLH 0|JOLFKNHLWHQ ]X LKUHU $EZHKU PLWJHWHLOW (QGH GLHVHU 'XUFKVDJH /DWRUXQG/HVWHUVDKHQVLFKLQGLHEODJHZRUGHQHQ*HVLFKWHU 0LQGHVWHQVHLQH0LQXWHYHUJLQJELV/DWRUIOVWHUWH ³'DVLVWHV'DVHUNOlUWDOOHV6LHVLQG3HGRWUDQVIHUHU0XURUH1RJXQXQG6HWDQ VLQGQLFKWPHKUVLHVHOEVWVRQGHUQhEHUQRPPHQH ³8QG ZDKUVFKHLQOLFK QLFKW QXU VLH VWLPPWH /HVWHU LKP ]X ³%HL DOOHQ 6RQQHQ XQG3ODQHWHQGDVLVWMDJUDXHQKDIW:LUPVVHQVLHW|WHQ ³-D VWLH /DWRU JULPPLJ KHUYRU GRFK GDQQ ZHLWHWHQ VLFK VHLQH $XJHQ LQ WLHIHUHU(UNHQQWQLV³1HLQVDJWHHUVFKZHU³1HLQZLUN|QQHQ0XURUH1RJXQ XQG6HWDQQLFKWW|WHQGHQQVLHVLQGQXU2SIHU:LUPVVHQLKQHQLP*HJHQWHLO KHOIHQ :LU PVVHQ VLH YRQ LKUHQ &DSSLQV EHIUHLHQ 8QG ]X GLHVHP =ZHFN PVVHQZLUHUVWHLQPDOGLH5HGXNWLRQVN|USHUGHU&DSSLQVILQGHQ ³5HGXNWLRQVN|USHU"HFKRWH/HVWHU /DWRU]XFNWHGLH6FKXOWHUQ ³,FKKDEHVLHVRJHQDQQWZHLOVLHXPLKUH%HZXWVHLQHUHGX]LHUWVLQG ³-DNODUHUZLGHUWH/HVWHU³$OVRGLHPVVHQZLUILQGHQ$EHUZRN|QQWHQVLH VHLQ" 'LH &DSSLQV KDEHQ VLH EHVWLPPW JXW YHUVWHFNW /D XQV HLQPDO QDFKGHQNHQ'LH9HUlQGHUXQJPLW&KDUDNWHUXQG+DQGOXQJVZHLVHYRQ0XURUH 1RJXQXQG6HWDQILQJYRUUXQGHLQHP-DKUDQQDFKGHUDOWHQ7HUUD]HLWGLHZLU IU ZLFKWLJH 'LQJH EHLEHKDOWHQ KDEHQ ,UJHQGZDQQ YRUKHU PVVHQ GLH &DSSLQV DXI GHU :HOW DQJHNRPPHQ VHLQ ,KUH /DQGXQJ LVW XQEHPHUNW JHEOLHEHQ $EHU P|JOLFKHUZHLVH KDW MHPDQG LQ GHU IUDJOLFKHQ =HLWVSDQQH LUJHQG HWZDV 8QJHZ|KQOLFKHVEHREDFKWHWDQKDQGGHVVHQZLUGLH/DQGXQJUHNRQVWUXLHUHQXQG GHQ /DQGHSODW] DQQlKHUQG EHVWLPPHQ N|QQHQ 'RUW PVVHQ ZLU GDQQ PLW GHU 6XFKHDQVHW]HQ ³'DVVWLPPWVDJWH/DWRUQDFKGHQNOLFK³$EHUGDVEHGHXWHWDXFKGDZLUHLQH 8PIUDJH YHUDQVWDOWHQ PVVHQ GLH P|JOLFKVW DOOH /HXWH HUIDW GLH QLFKW YRQ &DSSLQV EHUQRPPHQ VLQG 'D VWHOOW VLFK QDWUOLFK GLH )UDJH ZLH ZLU PLW

DEVROXWHU 6LFKHUKHLW IHVWVWHOOHQ N|QQHQ ZHU EHUQRPPHQ LVW XQG ZHU QLFKW %HIUDJHQ ZLU QlPOLFK YHUVHKHQWOLFK HLQHQ hEHUQRPPHQHQ VLQG GLH &DSSLQV JHZDUQW ³(LQ VR JXW ZLH XQO|VEDUHV 3UREOHP PHLQWH /HVWHU ³:LU PVVHQ HLQH DQGHUH /|VXQJVXFKHQ ³0RPHQWIOVWHUWH/DWRU ³:LHELWWH"IUDJWH/HVWHU ³,FK KDEH HWZDV JHK|UW IOVWHUWH /DWRU XQG GHDNWLYLHUWH GHQ +\SHUIXQNHPSIlQJHU³:DKUVFKHLQOLFKNRPPWMHPDQG ³-D IOVWHUWH /HVWHU ³'DV 3DQ]HUVFKRWW |IIQHWH VLFK 6FKQHOO GXUFK GDV 5HSDUDWXUOXN 'LH EHLGHQ 0lQQHU KDVWHWHQ ]XP 3XOW GHV $XWRSLORWHQ XQG VFKOSIWHQ LQ GDV GDQHEHQ RIIHQVWHKHQGH 5HSDUDWXUOXN $OV /DWRU HV VFKOLHHQ ZROOWH KLQGHUWH /HVWHU LKQ GDUDQ LQGHP HU LKQ DP $UP IHVWKLHOW 'DQDFK OHKQWH HU GHQ /XNHQGHFNHOEHKXWVDPDQ /DWRUVWHOOWHNHLQH)UDJHGHQQHUEHJULIIZDUXPGHU)UHXQGGDVJHWDQKDWWH'HU /XNHQGHFNHO VFKOR QXU GDQQIHVW ZHQQ HU ]XJHZRUIHQ ZXUGH XQG GHQ .QDOO KlWWHPDQGXUFKGLHJHVDPWH.RPPDQGR]HQWUDOHJHK|UW 'LH EHLGHQ 0lQQHU ZROOWHQ VLFK ]XHUVW WLHIHU LQ GLH 5HSDUDWXUJlQJH ]XUFN]LHKHQGRFKDOVVLHYRQGUDXHQGLH6WLPPH0XURUH*XEVK|UWHQEOLHEHQ VLHDQ2UWXQG6WHOOHXPHYHQWXHOOHWZDV:LFKWLJHV]XHUIDKUHQ 8QGLKUH+RIIQXQJHUIOOWHVLFK ³(V ZLUG K|FKVWH =HLW GD ZLU GLH 9$/26&/$1 EHUJHQ VDJWH GLH 6WLPPH 0XURUHV ³'XUFK GLH SURYLVRULVFKH $EGHFNXQJ GHU /HFNV GULQJW LP /DXIH GHU =HLWPHKU6WUDKOXQJDOVIUXQVHUH.|USHUJXWZlUH ³$XHUGHP EUDXFKHQ ZLU GHQ 5HVW GHU 0DQQVFKDIW KLHU XP GLH (LQJHERUHQHQ EHVVHU XQWHU .RQWUROOH KDOWHQ ]X N|QQHQ *DIVRU HUZLGHUWH GLH 6WLPPH YRQ 1RJDQ&XUWLVV ³-D GLHVHV 3UREOHP PX EDOG JHO|VW ZHUGHQ /HFXQW ZDUI GLH 6WLPPH 6HWDQV HLQ 'HU &DSSLQ GHU 0XURUH EHKHUUVFKW KHLW GHPQDFK *DIVRU EHUOHJWHQ GLH /DXVFKHQGHQ 8QG 1RJDQ &XUWLVV LVW YRQ HLQHP &DSSLQ QDPHQV /HFXQW EHUQRPPHQ=XP*OFNVSUHFKHQVLH,QWHUNRVPRVRQVWZWHQZLUQLFKWZDV VLHVDJHQ9LHOOHLFKWYHU]LFKWHQVLHDXIGLH%HQXW]XQJLKUHUHLJHQHQ6SUDFKHXP LQ GHU *HJHQZDUW YRQ 0HQVFKHQ QLFKW YHUVHKHQWOLFK LKUH 6SUDFKH ]X VSUHFKHQ XQGVLFKGDGXUFK]XYHUUDWHQ ³'DYUDV 6LH ZHUGHQ VLFK XP GLH HQGJOWLJH 1RPLQLHUXQJ GHU %HVDW]XQJ NPPHUQVDJWHGLH6WLPPHYRQ0XURUH&XE 'HU&DSSLQLP&KHIGHU5DXPIDKUWEHK|UGHKLHDOVR'DYUDV ³6HOEVWYHUVWlQGOLFKHUZLGHUWH6HWDQV6WLPPH³6ROO/DWRU.DPEDQG-DUYLVXQG /HVWHU .LRQGLNH HEHQIDOOV QRPLQLHUHQ" 6LH ZDUHQ ]ZDU ELVKHU VWHWV JHKRUVDP DEHUEHL.DPEDQG-DUYLVKDEHLFKGHQ(LQGUXFNGDHUQXUGDUDXIZDUWHWHWZDV JHJHQXQV]XXQWHUQHKPHQ(ULVWHLQH$XIUKUHUQDWXU ³$EHU HU OlW VHLQ 9HUKDOWHQ YRQ SUDJPDWLVFKHQ *HVLFKWVSXQNWHQ OHLWHQ

HQWJHJQHWH 0XURUHV 6WLPPH ³:LU ZHUGHQ VHLQ .LQG HQGJOWLJ DOV *HLVHO QHKPHQ GDPLW VLFKHUQ ZLU XQV VHLQ :RKOYHUKDOWHQ 'D HU QLFKWV YRQ XQVHUHU ([LVWHQ] DKQW LVW HV LKP DXHUGHP XQP|JOLFK GLH HLQ]LJHQ 0DQDKPHQ ]X HUJUHLIHQGLHXQVZLUNOLFKJHIlKUOLFKZHUGHQN|QQWHQ6LHZHUGHQVLFKQDFKKHU JOHLFKXPVHLQ.LQGNPPHUQ/HFXQW ³-D*DIVRUDQWZRUWHWH1RJXQV6WLPPH /HVWHUOHJWHVHLQH+lQGHDXI/DWRUV6FKXOWHUQXQGKLHOWGHQ)UHXQG]XUFNGHU $QVWDOWHQPDFKWHKRFK]XIDKUHQ ³%HKHUUVFKXQJIOVWHUWHHULKPLQV2KU :LGHUZLOOLJHQWVSDQQWHVLFK/DWRUZLHGHU ³8QG GX NPPHUVW GLFK XP GDV )RUWVFKUHLWHQ GHU OHW]WHQ ,QVWDOODWLRQVDUEHLWHQ 'DYUDVVDJWH0XURUHV6WLPPH³,FKZLOOGDZLULQGUHL7DJHQQDFK6HTXHQ]D VWDUWHQ 6HTXHQ]D GXUFK]XFNWH HV GLH +LUQH GHU EHLGHQ ODXVFKHQGHQ 0lQQHU 'LH 3DUDV\QWKRVQDQQWHQVLFKEHLPHUVWHQXQGELVKHUOHW]WHQ.RQWDNWPLWXQV.LQGHU GHU6HTXHQ]DV,VW6HTXHQ]DYLHOOHLFKWLKU8UVSUXQJVSODQHW"'DQQEHILQGHQVLFK GLH5HGXNWLRQVN|USHUGHU&DSSLQVJDUQLFKWDXI/DVW+DUERU 6FKULWWJHUlXVFKH YHUULHWHQ GD GLH GUHL hEHUQRPPHQHQ VLFK ZLHGHU LQ %HZHJXQJJHVHW]WKDWWHQ'RFKVFKRQZHQLJVSlWHUEOLHEHQVLHZLHGHUVWHKHQ ³,FK ZLOO PDO K|UHQ ZDV HV 1HXHV DXV GHQ ]LYLOLVLHUWHQ %HUHLFKHQ GHU 0LOFKVWUDHJLEWVDJWH6HWDQ'DYUDV 'LH ,PSXOVYHUVWlUNHU GHV +\SHUIXQNHPSIlQJHUV EUXPPWHQ DXI GDQQ HUW|QWHQ GLH 6WLPPHQ PHKUHUH ,QWHOOLJHQ]HQ 6LH EHQXW]WHQ GDV ,QWHUNRVPR DEHU LKU *HVSUlFKKDWWHNHLQHQJURHQ,QIRUPDWLRQVZHUWIU/DWRUXQG/HVWHU )U GLH GUHL &DSSLQV RIIHQEDU DXFK QLFKW GHQQ 6HWDQ'DYUDV VXFKWH ZHLWHU (U EHNDPQRFKHLQLJH*HVSUlFKHKHUHLQXQWHUDQGHUHPHLQHV]ZLVFKHQ]ZHL%OXHV 6WDWLRQHQ EHL GHQHQ YRQ HLQHP *HUFKW JHVSURFKHQ ZXUGH QDFKGHP GDV 6ROV\VWHPYRQFDSSLQVFKHQ,QYDVRUHQDQJHJULIIHQZRUGHQVHL ³(VZLUG=HLWGDZLUHLQJUHLIHQVWHOOWH0XURUH*DIVRUGDUDXIKLQIHVW ³8QG ZDV ZLUG DXV /DVW +DUERU ZHQQ ZLU GLHVH :HOW YHUODVVHQ" HUNXQGLJWH VLFK 1RJXQ/HFXQW ³'LH %HZRKQHU VLQG LP *UXQGH JHQRPPHQ 7HUUDQHU XQG GDPLW XQVHUH )HLQGH DEHU ZHQQ ZLU LKUH =LYLOLVDWLRQ SDUDO\VLHUHQ N|QQHQ VLH GHP7DNHULVFKHQ5HLFKQLHPDOVVFKDGHQ ³:LU O|VFKHQ GLH 6SHLFKHU YRQ ,6(*5,0 XQWHU]LHKHQ GLH $QJHK|ULJHQ GHU ZLVVHQVFKDIWOLFKHQXQGWHFKQLVFKHQ,QWHOOLJHQ]HLQHU$PQHVLHXQGVFKOHLIHQLKUH *URLQGXVWULH VDJWH 0XURUH*DIVRU ³'DQQ ZHUGHQ VLH DXI HZLJ LVROLHUW EOHLEHQ ³8QG GLH 3DUDV\QWKRV" IUDJWH 1RJXQ/HFXQW ³'LHVH /HEHQVIRUP N|QQWH VLFK LUJHQGZDQQ XQNRQWUROOLHUW ZHLWHUHQWZLFNHOQ XQG GDQQ YLHOOHLFKW GLH ,VRODWLRQ /DVW+DUERUVGXUFKEUHFKHQ:ROOHQZLUGLHVHV5LVLNREHVWHKHQODVVHQ" ³1HLQ HQWVFKLHG 0XURUH*DIVRU ³:HQQ ZLU /DVW +DUERU HQGJOWLJ YHUODVVHQ YHUQLFKWHQ ZLU $QWLSRGH2QH GXUFK HLQH 6DOYH XQVHUHU ,QLWLDO'RSSOHUNDQRQHQ 'DQQEOHLEWYRQGHQ3DUDV\QWKRVQLFKWVEULJ (VNUDFKWHSO|W]OLFKLP+\SHUNRPGDQQVDJWH6HWDQ'DYUDV

³+LHU LVW HLQH EHVRQGHUV OHLVWXQJVVWDUNH 6HQGXQJ 0DO K|UHQ ZHU VLFK GD GHU JDQ]HQ0LOFKVWUDHQJDOD[LVEHPHUNEDUPDFKHQP|FKWH (VVXPPWHXQGDOVGDV6XPPHQYHUVWXPPWHVDJWHGLH6WLPPHYRQ*DOEUDLWK 'HLJKWRQ ³ $FKWXQJ 'LH &DSSLQV YHUIJHQ EHU GLH )lKLJNHLW GHU 3HGRWUDQVIHULHUXQJ 'LH6WLPPHZXUGHOHLVHUGDQQVDJWH0XURUH*DIVRU ³'D LQIRUPLHUW MHPDQG GLH 9|ONHU GHU 0LOFKVWUDH EHU XQVHUH JHKHLPVWHQ *HKHLPQLVVH 'DYUDV VLQG 6LH DEVROXW VLFKHU GD GLH /HXWH YRQ /DVW +DUERU NHLQH0|JOLFKNHLWKDEHQ+\SHUIXQNVHQGXQJHQ]XHPSIDQJHQ" ³(V JLEW QXU HLQ HLQ]LJHV +\SHUIXQNJHUlW DXI /DVW +DUERU HUZLGHUWH 6HWDQ 'DYUDV³8QGGDVLVWGLHVHVKLHU ³8QG NHLQ (LQJHERUHQHU KDW VLFK GDUDQ ]X VFKDIIHQ JHPDFKW" IUDJWH 0XURUH *DIVRUVFKDUI ³.HLQHUDQWZRUWHWH6HWDQ'DYUDV ³%LVW GX JDQ] VLFKHU" IUDJWH 1RJXQ/HFXQW ODXHUQG ³,PPHUKLQ ZDU GHU +\SHUIXQNXQEHZDFKW ³,FK ELQ DEVROXW VLFKHU HUNOlUWH 6HWDQ'DYUDV ³$XHUGHP KlWWH LFK HV YRUKLQ EHPHUNW ZHQQ GDV *HUlW YRQ HLQHP 8QEHIXJWHQ DNWLYLHUW ZRUGHQ ZlUH ² XQG LFKZHUGHHVDEVRIRUWYRQ.DPSIURERWHUQEHZDFKHQODVVHQ 'DV *HVSUlFK GHU GUHL &DSSLQV YHUHEEWH 6LH OLHHQ GHQ +\SHUHPSIlQJHU DNWLYLHUWELV*DOEUDLWK'HLJKWRQV%RWVFKDIWDQGLH9|ONHUGHU0LOFKVWUDHELV]X (QGHDXIJHVDJWZDUGDQQYHUOLHHQVLHGLH.RPPDQGR]HQWUDOH /DWRUXQG/HVWHUNURFKHQDXVLKUHP9HUVWHFN ³'LH &DSSLQV VFKHLQHQ YRU UXQG HLQHP -DKU PLW HLQHP 6FKLII DXI HLQHU :HOW QDPHQV6HTXHQ]DQRWJHODQGHW]XVHLQIOVWHUWH/HVWHU³8QGVLHZROOHQPLWGHU 67$548((1 GRUWKLQ DXIEUHFKHQ XQG XQV PLWQHKPHQ 'DV JLEW XQV GLH 0|JOLFKNHLWHWZDVJHJHQVLH]XXQWHUQHKPHQ ³$EHU VLH QHKPHQ +LUX DOV *HLVHO VWLH /DWRU KHUYRU ³'DV PX LFK YHUKLQGHUQ'LHVH0RQVWUHQEULQJHQLKQVRQVWZRP|JOLFKXP (U VWUPWH DXI GDV 3DQ]HUVFKRWW ]X GDV VLFK ZLHGHU KLQWHU GHQ GUHL hEHUQRPPHQHQJHVFKORVVHQKDWWH /HVWHUZROOWHGHQ)UHXQG]XUFNKDOWHQGRFKGDQQWDWHUHVGRFKQLFKW(UKRIIWH DXVWLHIVWHP+HU]HQGD/DWRUPLW+LUXHLQHQ6FKOXSIZLQNHOILQGHQZUGHZR LKQGLH&DSSLQVQLHPDOVIDQGHQ $OOHUGLQJVZUGHQVLHVLFKGDQQDQGHUH*HLVHOQVXFKHQ /HVWHUILQJDQ]XVFKZLW]HQGHQQHUNRQQWHVLFKGHQNHQZHQGLH&DSSLQVGDQQ DOV(UVDW]*HLVHODXVVXFKHQZUGHQVHLQH7RFKWHU,UL (U UDQQWH XQG YHUOLH GLH =HQWUDOH EHYRU VLFK GDV 6FKRWW ZLHGHU JHVFKORVVHQ KDWWH 9RU VLFK VDK HU /DWRU LQ GLH gIIQXQJ GHV =HQWUDOHQ 3HUVRQHQDQWLJUDYVFKDFKWV VSULQJHQ XQG GDEHL GLH $EVSHUUXQJ DXV URWZHL JHVWUHLIWHQ3ODVWLNElQGHUQ]HUUHLHQGLHGDYRUDXIJHVSDQQWZDU (LQ(QWVHW]HQVVFKUHLEOLHELKPLQGHU.HKOHVWHFNHQDOVLKPNODUZXUGHZHOFKH 7UDJ|GLHHUGDPLWDQVDKXQGGDHUVLHQLFKWPHKUYHUKLQGHUQNRQQWH

'LH $QWLJUDYSURMHNWRUHQ GHV 6FKDFKWV ZDUHQ DXV LUJHQGZHOFKHQ *UQGHQ GHVDNWLYLHUW ZRUGHQ 'LH $EVSHUUXQJ PLW 6LJQDOElQGHUQ KlWWH DEVROXW VLFKHU MHGHQ8QIDOOYHUKLQGHUQPVVHQGHQQVLHZDUXQEHUVHKEDU 1XU QLFKW IU MHPDQGHQ GHU LQQHUOLFK VR DXIJHZKOW ZDU GD HU QXU QRFK *HGDQNHQ IU VHLQHQ 6RKQ XQG GHVVHQ %HZDKUXQJ YRU *HLVHOQDKPH XQG HYHQWXHOOHU(UPRUGXQJKDWWH /HVWHUKLHOWGHQ$WHPDQXQGZDUWHWHLQQHUOLFKEHEHQGDXIGHQ7RGHVVFKUHLGHV )UHXQGHV $EHUHVEOLHEVWLOO 0LW MlKOLQJV QHXHUZDFKWHU +RIIQXQJ VWUPWH /HVWHU .LRQGLNH ]XU 6FKDFKW|IIQXQJKLHOWVLFKDP5DQGHIHVWXQGVSlKWHQDFKXQWHQ (U NRQQWH QLFKWV VHKHQ ZHLO GLH %HOHXFKWXQJ DXVJHVFKDOWHW ZDU ² ZDV ZLHGHUXPEHGHXWHWHGDDXFKGLH3URMHNWRUHQDXHU%HWULHEZDUHQ 'DIUK|UWHHULPQlFKVWHQ$XJHQEOLFNGDVGXPSIH.ODWVFKHQHLQHVUXQGIQI]LJ 0HWHUWLHIHUDXIVFKODJHQGHQ.|USHUV (UJLQJDXIGLH.QLHULHILQQHUOLFKHLQP\WKLVFKHV:HVHQDQXQGZXWHGDHU GLHVHV*HUlXVFKVHLQJDQ]HV/HEHQODQJQLHZUGHYHUJHVVHQN|QQHQ 6WDPSIHQGH *HUlXVFKH KLQWHU LKP EUDFKWHQ LKQ HLQH =HLWODQJ VSlWHU ZLHGHU ]X VLFK (UZDUIHLQHQ%OLFNEHUGLH6FKXOWHUXQGVDKYLHUKRPLQLGH.DPSIURERWHU]XU .RPPDQGR]HQWUDOH PDUVFKLHUHQ =ZHL JLQJHQ KLQHLQ DOV GDV 3DQ]HUVFKRWW VLFK |IIQHWH]ZHLSRVWLHUWHQVLFKOLQNVXQGUHFKWVGDQHEHQ /DQJVDPULFKWHWHVLFK/HVWHUZLHGHUDXI.DOWHU6FKZHLVWDQGLKPDXIGHU6WLUQ XQG HU ZDU LPPHU QRFK QLFKW LQ GHU /DJH ]X HUIDVVHQ GD VHLQ )UHXQG QLFKW PHKUOHEWH 'HU*HGDQNHDQ+LUXGXUFKIXKULKQVLHGHQGKHL /DWRUV 6RKQ ZDU QLFKW PHKU YRU GHU *HLVHOQDKPH ]X EHZDKUHQ $EHU /HVWHU IDWH LQ GLHVHQ 6HNXQGHQ GHQ 9RUVDW] DOOHV ]X WXQ GDPLW GLH &DSSLQV NHLQHQ $QODVDKHQLKUHU*HLVHOHWZDVDQ]XWXQ 'D]X JHK|UWH YRU DOOHP GD VLH DXFK ZHLWHUKLQ QLFKWV GDYRQ DKQWHQ GD LKU JHKHLPVWHV*HKHLPQLVDXIJHGHFNWZDU 'DV LP $QWLJUDYVFKDFKW DXIIODPPHQGH /LFKW YHUULHW GD HU ZLHGHU EHWULHEVEHUHLWZDUXQGHVOHQNWH/HVWHUV*HGDQNHQYRQ+LUX]XUFNDXIGHVVHQ 9DWHU :DUXP KDW /DWRU QLFKW JHVFKULHQ DOV HU DEVWU]WH" ERKUWH HV LQ LKP -HGHU 0HQVFKVFKUHLWZHQQHUEHLYROOHP%HZXWVHLQLQGHQ7RGVWU]W 8QGSO|W]OLFKZXWHHUHV /DWRU KDWWH QLFKW JHVFKULHQ XP NHLQ $XIVHKHQ ]X HUUHJHQ XQG GDGXUFK HLQH 5HNRQVWUXNWLRQGHU9RUJlQJHYRUVHLQHP$EVWXU]]XYHUKWHQ 8QG/HVWHUEHJULIIGDGLHVH(UNHQQWQLVHLQH9HUSIOLFKWXQJIULKQHQWKLHOW (UKDWWHXQWHUDOOHQ8PVWlQGHQGDIU]XVRUJHQGDGHU8QIDOOVHLQHV)UHXQGHV QLFKW EHNDQQW ZXUGH 'DV KLH HU PXWH GHQ 7RWHQ KHLPOLFK IRUWVFKDIIHQ XQG GRUW EHVWDWWHQ ZR LKQ QLHPDQG IDQG $QGHUQIDOOV ZlUH /DWRUV XQJHKHXHUOLFKH 6HOEVWEHKHUUVFKXQJLP$QJHVLFKWGHVVLFKHUHQ7RGHVYHUJHEOLFKJHZHVHQ

1DWUOLFK NRQQWH HU NHLQHQ 'RSSHOJlQJHU EHVFKDIIHQ GHU ]XPLQGHVW IU GLH hEHUQRPPHQHQ GLH 5ROOH /DWRUV ZHLWHUVSLHOWH 'LH &DSSLQV ZUGHQ LKQ DOVR XQZHLJHUOLFKYHUPLVVHQ'RFKGDVZDUOlQJVWQLFKWVRVFKZHUZLHJHQGDOVZHQQ VLHHUIXKUHQGDHUWRWZDUXQGZRXQGZLHHUXPJHNRPPHQZDU /HVWHU .LRQGLNH VWUHFNWH HLQHQ $UP DXV XP VLFK ]X YHUJHZLVVHUQ GD GLH 6FKZHUHORVLJNHLWLP6FKDFKWWDWVlFKOLFKZLHGHUKHUJHVWHOOWZDU'DQQVSUDQJHU KLQHLQXQGVDQNODQJVDPKLQDE ³:DV VROOHQ ZLU KLHU GUDXHQ" IUDJWH 6LUL .DPEDQG-DUYLV YHUZXQGHUW DOV /HVWHU GDV 3UDOOIHOG0RELO GHU .LRQGLNHV HWZD HLQHQ .LORPHWHU Q|UGOLFK GHU $OWHQ*UlEHUIHOGHU]X%RGHQVLQNHQOLH /HVWHU EOLFNWH GXUFK GLH WUDQVSDUHQWH 3DQ]HUSODVWZ|OEXQJ GHU DXV GHP 5XPSI GHV)DKU]HXJVUDJHQGHQ6WHXHUNDQ]HO (V ZDU 7DJ DXI GLHVHP 6HNWRU GHU $XHQZHOW DEHU GLHVHU 7DJ ZDU HLQHU GHU WUEVWHQ 7DJH GHV -DKUHV 'LH URWH 6FKLFKW DXV NRPSOH[HQ .RKOHQZDVVHUVWRIIPROHNOHQ KLQJ VR WLHI ZLH VHOWHQ XQG ZDU Y|OOLJ OFNHQORV 'LH :DVVHUVWRII0HWKDQDWPRVSKlUH GDUXQWHU ZDU VR GLHVLJ GD GLH 6LFKW QXU NQDSS ]HKQ 0HWHU UHLFKWH XQG GLH $PPRQLDNVFKQHHGHFNH ZDU JUDX XQG PDWVFKLJ ³,VW/DWRUKLHU"ERKUWH6LULZHLWHU /HVWHUELVLFKDXIGLH/LSSHQGDQQQLFNWHHUXQGVDJWHVWHLIXQGPLWPKVDPHU %HKHUUVFKXQJ ³,QJHZLVVHU:HLVHMD6LUL 6HLQ 7RQIDOO XQG VHLQ VWDUUHU %OLFN PXWHQ GHQ YHUVFKlUIWHQ 6LQQHQ GHU )UDX YHUUDWHQKDEHQGD/DWRUHWZDV]XJHVWRHQZDU+LOIHVXFKHQGEOLFNWHVLH]X9UL .LRQGLNHGLHGLH)DKUWDXI'UlQJHQLKUHV0DQQHVPLWJHPDFKWKDWWH ³/DWRUIOVWHUWHVLH 8QGLQGHP:RUWODJHQLKUH)XUFKWXQGLKU*UDXHQLKUH(ULQQHUXQJHQDQODQJH (KHMDKUH XQG HLQH /LHEH GLH RIW JHSUIW DEHU QLHPDOV HUQVWKDIW HUVFKWWHUW ZRUGHQZDU 9ULOHJWHGHQ$UPXPLKUH6FKXOWHUQXQGZHLQWHPLWLKUZlKUHQG/HVWHUQRFK LPPHU LQQHUOLFK HUVWDUUW XQWHU GHP (LQGUXFN GHV (QWVHW]OLFKHQ EHULFKWHWH ZDV JHVFKHKHQZDU ³,FK ELQ IHVW GDYRQ EHU]HXJW GD HV /DWRUV :LOOH ZDU VHLQHQ 7RG RGHU GRFK ]XPLQGHVWGHQ2UWXQGGLH$UWVHLQHV7RGHVYRUGHQ&DSSLQVJHKHLP]XKDOWHQ VFKORHU³'HVKDOEVWDUEHUVFKZHLJHQG (U OHJWH HLQH 3DXVH HLQ XQG ]RJ GLH 6FKXOWHUQ KRFK DOV 6LUL XQG 9UL ODXW DXIVFKOXFK]WHQ $OVVLHHWZDVUXKLJHUZXUGHQIXKUHUIRUW ³'HVKDOEEUDFKWHLFKLKQKHLPOLFKZHJ,FKVFKDIIWHHVQLFKWDOOHLQIROJOLFK]RJ LFK $UWKXU %URNPDQ LQV 9HUWUDXHQ QDFKGHP LFK PLFK GDYRQ EHU]HXJW KDWWH GDHUNHLQ&DSSLQEH]LHKXQJVZHLVHQLFKWEHUQRPPHQLVW ³:LHNDQQVWGXVRHWZDVIHVWVWHOOHQ"HUNXQGLJWHVLFKVHLQH)UDXYHUEOIIW ³2K LFK QDKP /DWRUV %ODVWHU DQ PLFK DQWZRUWHWH HU ³$UWKXU ZDU DOOHLQ LQ VHLQHP 0DWHULDO=XEULQJHU ,FK KLHOW LKP GLH :DIIH YRUV *HVLFKW QDQQWH LKQ

HLQHQ YHUGDPPWHQ &DSSLQ XQG VDJWH GD LFK LKQ XQG DOOH DQGHUHQ hEHUQRPPHQHQW|WHQZUGH ³'DV ZDU OHLFKWIHUWLJ YRQ GLU VDJWH VHLQH )UDX ³(LQ &DSSLQ ZlUH LQ GLHVHP )DOO VRIRUW JHIOFKWHW XQG HU KlWWH HLQH 0|JOLFKNHLW JHIXQGHQ GLH DQGHUHQ &DSSLQV]XZDUQHQ ³1HLQ VDJWH /HVWHU OHLVH XQG ZLVFKWH VLFK PLW GHP +DQGUFNHQ GHQ 6FKZHL YRQ GHU 6WLUQ ³1HLQ GHQQ LFK EHREDFKWHWH LKQ VFKDUI :HQQ LFK QLFKW VHLQHQ XQJOlXELJHQ %OLFN EHPHUNW KlWWH VRQGHUQ HLQH YHUGlFKWLJH 5HDNWLRQ KlWWH LFK JHVFKRVVHQ ³$EHU GDQQ ZlUH DXFK GHU HFKWH $UWKXU XPJHNRPPHQ ULHI 6LUL HUVFKURFNHQ ³:LHKlWWHVWGXGDVYRUGHLQHP*HZLVVHQYHUDQWZRUWHQZROOHQ/HVWHU" ³:DKUVFKHLQOLFKJDUQLFKWJDEHUEHGUFNW]XUFN³2EZRKOLFKPLUVDJWHGD LFKQLFKWDQGHUVKDQGHOQNRQQWH (UVHXI]WHVFKZHU ³%HL UXKLJHU hEHUOHJXQJ XQG PHKU =HLW KlWWH LFK HLQH DQGHUH 0|JOLFKNHLW JHIXQGHQ $EHU LFK PXWH VFKQHOO KDQGHOQ XQG GXUIWH NHLQ 5LVLNR HLQJHKHQ -HGHQIDOOV QDFKGHP LFK $UWKXU DOOHV HUNOlUW XQG LKP JODXEKDIW JHPDFKW KDWWH GD LFK QLFKW YHUUFNW JHZRUGHQ ZDU EDUJHQ ZLU /DWRU XQG EUDFKWHQ LKQ PLW GHP=XEULQJHULQV0DWHULDOGHSRW9RQGRUWDXVNRQQWHQZLULKQXQDXIIlOOLJPLW HLQHP/DVWHQDXI]XJDQGLH2EHUIOlFKHEULQJHQXQGPLWHLQHP$XHQWUDQVSRUWHU KLHUKHUIDKUHQ ³+LHUKHU" HQWIXKU HV 6LUL .DPEDQG-DUYLV ³'DQQ NDQQ LFK LKQ QRFK HLQPDO VHKHQ" /HVWHUVFKWWHOWHGHQ.RSI ³:LUKDEHQLKQLP(LVEHJUDEHQWLHIXQWHUGHU6FKQHHGHFNHJDQ]LQGHU1lKH ³,P(LVVFKOXFK]WH6LULDXI³:LHEDUEDULVFK2K/DWRUZDVKDEHQVLHPLWGLU JHPDFKW ³%HUXKLJHGLFKVDJWH9UL³6LHNRQQWHQQLFKWVDQGHUHVWXQ6ROOWHQVLHLKQ]XP .UHPDWRULXP EULQJHQ" 'LH %HVFKlIWLJWHQ GRUW NRQQWHQ QLFKW DOOH LQV 9HUWUDXHQ JH]RJHQ ZHUGHQ 6LH KlWWHQ 6FKZLHULJNHLWHQ JHPDFKW ,KUH 9RUVFKULIWHQ VLQG HLQGHXWLJ -HPDQG GHU GXUFK *HZDOW RGHU DXV XQNODUHQ 8UVDFKHQ XPV /HEHQ NRPPW PX GHP 2UGQXQJVGLHQVW XQG GHP &LW\*HVXQGKHLWVDPW JHPHOGHW ZHUGHQ ³$XHUGHP OLHJHQ VGOLFK YRQ KLHU +XQGHUWWDXVHQGH 7RWHU LQ LKUHQ HLVLJHQ *UlEHUQ DXV GHU =HLW DOV PDQ GLH 7RWHQ QRFK DXV DOWHU 7UDGLWLRQ LQ GHU $XHQZHOW EHVWDWWHWH HUNOlUWH /HVWHU ³'DV (LV KDW VLH NRQVHUYLHUW XQG HV NRQVHUYLHUW DXFK /DWRU VR GD ZLU LKQ VSlWHU ZHQQ GLH *HIDKU YRUEHU LVW HLQlVFKHUQXQGLQGHQ8UQHQNHOOHUQXQWHU/DVW+DUERUEHVWDWWHQN|QQHQ 6LULVFKQHX]WHVLFKGDQQPHLQWHVLHVNHSWLVFK ³$EHUZLHNDQQVWGXVLFKHUVHLQGDGLH*HIDKULUJHQGZDQQYRUEHUVHLQZLUG /HVWHU" ³,UJHQGZDQQ LVW VLH YRUEHU VR RGHU VR VDJWH HU KDUW ³(QWZHGHU JHOLQJW HV XQV GLH &DSSLQV ]XU .DSLWXODWLRQ ]X ]ZLQJHQ RGHU VLH ]LHKHQ IUHLZLOOLJ DE DOOHUGLQJV QDFKGHP VLH XQVHUH =LYLOLVDWLRQ JHVFKOHLIW XQG XQV LQ GLH %DUEDUHL

]XUFNJHVWRHQKDEHQ 6LULVFKDXGHUWH ³'LHVH 0RQVWUHQ VFKLPSIWH VLH ³:DV ZROOHQ VLH EHUKDXSW KLHU" :RKHU VLQG VLHJHNRPPHQVDJWHVWGX" ³$XVGHU*DOD[LV*UXHOILQDQWZRUWHWH/HVWHU³:RLPPHUGDVDXFKLVW'LHVHU 'HLJKWRQKDWOHLGHUGLH.DWDORJEH]HLFKQXQJQLFKWJHQDQQWhEULJHQVNRPPWPLU GHU 1DPH EHNDQQW YRU ,FK PX LKQ DXV HLQHP XUDOWHQ *HVFKLFKWV,1)2 NHQQHQ ³*DOEUDLWK'HLJKWRQKLHIUKHUGHU&KHIGHU6RODUHQ$EZHKUVDJWH9UL³$EHU GDVZDUXPKHUXPDOVRYRUEHUIQIKXQGHUW-DKUHQ ³'DQQLVWHUOlQJVWWRWPHLQWH6LUL³:DKUVFKHLQOLFKZXUGH*DOEUDLWK'HLJKWRQ LUJHQGZDQQ]XHLQHP7LWHO ³2GHU HU OHEW HZLJ ZLH 3HUU\ 5KRGDQ PHLQWH 9UL ³,Q GHP EHZXWHQ *HVFKLFKWV,1)2VWHKWGDHUHLQ=HOODNWLYDWRUWUlJHUVHL ³,VW GDV GHQQ MHW]W ZLFKWLJ" IUDJWH /HVWHU lUJHUOLFK ³6LUL GX KDVW JHIUDJW ZDV GLH &DSSLQV KLHU ZROOHQ 1XQ DXV GHP ZDV LFK LQ]ZLVFKHQ ZHL JHKW KHUYRU GD VLH DXI HLQHU :HOW QDPHQV 6HTXHQ]D QRWODQGHQ PXWHQ 9LHOOHLFKW JHK|UWH LKU 6FKLII ]XU 9RUKXW GHU HUVW MHW]W DQJHODXIHQHQ ,QYDVLRQ GHU 0LOFKVWUDH XQG ZXUGH EHL HLQHP *HIHFKW EHVFKlGLJW 0XURUH*DIVRU VSUDFK MHGHQIDOOV YRQ /HFNV (UZ|OEWHGLH%UDXHQ ³(U VSUDFK DXFK YRQ 6WUDKOXQJ GLH GXUFK GLH SURYLVRULVFKH $EGHFNXQJ GHU /HFNV GULQJW 'HPQDFK KHUUVFKW DXI 6HTXHQ]D VWDUNH 5DGLRDNWLYLWlW 9LHOOHLFKW LVW 6HTXHQ]D GHU YLHUWH 3ODQHW YRQ (PHUDOG 'RUW JLEW HV MD UDGLRDNWLYH 6WDXEVWUPH$EHUZLHDXFKLPPHUHLQ7HLOGHU%HVDW]XQJGHU9$/26&/$1 ZLHGDV6FKLIIGHU&DSSLQVKHLWPXYRQ6HTXHQ]DDXVLKUH3HGRRSIHUDXI/DVW +DUERU DQJHSHLOW XQG VLH GDQQ EHUQRPPHQ KDEHQ PLW GHP =LHO XQVHUH =LYLOLVDWLRQ]XP%DXHLQHVEHUOLFKWVFKQHOOHQ5DXPVFKLIIV]XEHQXW]HQPLWLKP LKUH5HGXNWLRQVN|USHUXQGGHQ5HVWGHU%HVDW]XQJYRQ6HTXHQ]D]XEHUJHQXQG GDQDFKDNWLYLQGLH,QYDVLRQGHU0LOFKVWUDHHLQ]XJUHLIHQ ³8QG IU GHQ )OXJ QDFK 6HTXHQ]D VROOHQ XQVHUH /HXWH DQ %RUG GHU 67$548((1JHKHQXQGGXPLWVDJWH9UL³,KUPWGLH&DSSLQVXQWHUZHJV EHUZlOWLJHQ XQG ]ZLQJHQ ZLHGHU LQ LKUH .|USHU ]XUFN]XNHKUHQ XQG GDQQ PW LKU GLHVH .|USHU YHUQLFKWHQ EHYRU VLH ZLHGHU MHPDQGHQ EHUQHKPHQ XQG QHXHV8QKHLODQULFKWHQN|QQHQ ³$EHUDXFKGLH&DSSLQVVLQGLQWHOOLJHQWH/HEHZHVHQSURWHVWLHUWH6LUL ³6LHVLQG0|UGHUHUNOlUWH9UL ³6LH VLQG 6ROGDWHQ GLH VLFK LP .ULHJ EHILQGHQ NRUULJLHUWH 6LUL ³6LH KDQGHOQ DXIK|KHUHQ%HIHKORGHUZHLOVLHGDYRQEHU]HXJWVLQGIUHLQHJHUHFKWH6DFKH ]XNlPSIHQ ³:LH NDQQ HLQH 6DFKH JHUHFKW VHLQ GHUHQWZHJHQ LQWHOOLJHQWH :HVHQ DQGHUH LQWHOOLJHQWH:HVHQHUPRUGHQ"ZLGHUVSUDFK9UL 6LUL]XFNWHKLOIORVGLH6FKXOWHUQ ³'LHVH'LVNXVVLRQKDW=HLWELVZLUGHQ.ULHJJHZRQQHQKDEHQZDVJDUQLFKWVR

VLFKHULVWEHHQGHWH/HVWHUGLHIUXFKWORVH'LVNXVVLRQ³,FKGHQNHEULJHQVGD ZLU QLFKW VFKRQ DXI GHP +LQIOXJ ]XVFKODJHQ VRQGHUQ HUVW GDQQ ZHQQ ZLU DXI 6HTXHQ]DVLQGXQGDOOHU5HGXNWLRQVN|USHUEHGURKHQN|QQHQ6HOEVWYHUVWlQGOLFK GUIHQ ZLU DXFK QLFKWV XQWHUQHKPHQ ZDV +LUXV /HEHQ JHIlKUGHQ N|QQWH XQG ZLH ZLU IHVWVWHOOHQ N|QQHQ ZHU YRQ XQVHUHQ .RVPRQDXWHQ IUHL XQG ZHU EHUQRPPHQLVWZHLLFKDXFKQRFKQLFKW ³8QG LQ GUHL 7DJHQ VROO GLH 67$548((1 VWDUWHQ IOVWHUWH 6LUL ³8QG DXFK /DWRU VROO GDEHL VHLQ :DV ZHUGHQ GLH &DSSLQV GHQNHQ ZHQQ HU QLFKW DXI]XILQGHQLVW/HVWHU" ³,FKKRIIHVLHGHQNHQGDHUGUDXHQZDUXQGYRQHLQHP8QZHWWHUEHUUDVFKW XQGJHW|WHWZXUGHHUZLGHUWHGHU6FKLIIV]HOOHQ,QJHQLHXU 6LUL.DPEDQG-DUYLVNDP]XLKPXQGEOLFNWHKLQDXV ³$GLHXPHLQOLHEHU0DQQIOVWHUWHVLH ,P VHOEHQ 0RPHQW ZXUGH GLH 6RQQH (PHUDOG YRQ GHP JLJDQWLVFKHQ 6FKDWWHQ +RW %HDVWV HLQJHKROW XQG YHUVFKOXQJHQ $XHUKDOEGHV 3UDOOIHOG0RELOVZDUHV VRILQVWHUGDHVZLUNWHDOVVFKZHEWHGDV)DKU]HXJLP/HHUUDXP]ZLVFKHQGHQ *DOD[LHQ (VZDUZLHHLQ=HLFKHQ 6RJDU /HVWHU .LRQGLNH GHU ZHGHU DQ 6SXN QRFK DQ *|WWHU JODXEWH IKOWH VLFK YHUVXFKWGDV]XGHQNHQ²XQGHUJDEGLHVHU9HUVXFKXQJHLQSDDU0LQXWHQODQJ QDFK 'DQDFKIOVWHUWHHU ³(VLVWQXUGLHWlJOLFKH.OHLQH)LQVWHUQLV 'DVJHQJWH6HOEVWYHUVWlQGOLFKZXWHQDOOH%UJHUYRQ/DVW+DUERUDXFKZHQQ VLH GLH $XHQZHOW QLH EHWUDWHQ GD HV HLQH WlJOLFKH .OHLQH )LQVWHUQLV YRQ 0LQXWHQ 'DXHU JDE XQG ]ZHLPDO MlKUOLFK GLH *URH )LQVWHUQLV GLH UXQG 6WXQGHQDQKLHOW :lKUHQGGLHGUHL0HQVFKHQGDUDXIZDUWHWHQGDHVZLHGHUKHOOZXUGHNQDFNVWH HVHLQSDDUPDOVFKDUI 1LHPDQG VDJWH HWZDV GD]X REZRKO GLH 8UVDFKH GHU *HUlXVFKH GLH 0HQVFKHQ IUKHUHU *HQHUDWLRQHQ GHU :HOW LQ $QJVW XQG 6FKUHFNHQ YHUVHW]W XQG RIWPDOV 7RGHVRSIHUJHIRUGHUWKDWWH (VKDQGHOWHVLFKXPHLQ.ROODELHUHQGHU$WPRVSKlUHZLHHVPHKUPDOVMlKUOLFK DXIWUDWYRUDOOHPDEHULP)UKVRPPHURGHUEHLVWDUNHQWKHUPLVFKHQ$XVEUFKHQ DXI +RW %HDVW 'LH HUK|KWHQ 7HPSHUDWXUHQ OLHHQ GLH 0HWKDQVHHQ GLH VLFK LP :LQWHUEHL7HPSHUDWXUHQXQWHUPLQXVKXQGHUWYLHUXQGVHFK]LJ*UDGDQGHQ3ROHQ ELOGHWHQ VFKODJDUWLJ YHUGDPSIHQ 'LH $XVEUHLWXQJ GHU *DVH HUIROJWH PLW H[SORVLYHU:XFKWXQGGLH'LFKWHGHU$WPRVSKlUHVWLHJLQQHUKDOEYRQ0LQXWHQ UDSLGHDQ $OV GLH HUVWHQ 6LHGOHU QRFK LQ HLQHU UHODWLY SULPLWLYHQ 6WDWLRQ OHEWHQ KDWWH HLQ VROFKHU 0HWKDQVWXUP HLQPDO HLQHQ 7HLO GHU 6FKOHXVHQVFKRWWH HLQJHGUFNW XQG HWZD HLQ 9LHUWHO GHU 6WDWLRQ PLW 0HWKDQ JHIOXWHW (LQ SDDU KXQGHUW 0HQVFKHQ ZDUHQGDPDOVXPV/HEHQJHNRPPHQ 'DV8QJOFNKDWWH VLFKVSlWHUEHLQDKHQRFKHLQPDOZLHGHUKROWXQGLQVJHVDPW

VLHEHQ([SHGLWLRQHQZDUHQXQWHUJOHLFKHQ8PVWlQGHQYHUVFKROOHQ 6HLW HLQLJHQ KXQGHUW -DKUHQ ZDUHQ GLH 6FKOHXVHQVFKRWWH XQG )DKU]HXJH MHGRFK VRPDVVLY NRQVWUXLHUW GD HLQ0HWKDQVWXUPNHLQH2SIHUPHKUIRUGHUQNRQQWH HV VHL GHQQ MHPDQG EHIlQGH VLFK GDEHL JHUDGH ]X )X XQWHUZHJV LQ GHU $XHQZHOW (LQ 3UDOOIHOG0RELO NRQQWH DOOHUGLQJV VHKU ZRKO KHUXPJHVFKOHXGHUW ZHUGHQ ZHQQ GHU 6WXUP VWDUN JHQXJ ZDU 'DV ZDU HU DEHU GLHVPDO QLFKW 8P GLHVH -DKUHV]HLWH[LVWLHUWHQQXUQRFK5HVWHGHUZLQWHUOLFKHQ0HWKDQVHHQDQGHQ3ROHQ $OV HV ZLHGHU KHOO ZXUGH ZDU GHU 6WXUP OlQJVW DEJHNOXQJHQ 1XU GLH K|KHUH 'LFKWHGHU$WPRVSKlUHEOLHE6LHKDWWHLKUHQQRUPDOHQ6RPPHUZHUWHUUHLFKW /HVWHU.LRQGLNHVSUWHHLQHQVFKPHU]KDIWHQ6WLFKDOVHUQRFKHLQPDODQ/DWRUV 6FKLFNVDOGDFKWH'DQDFKVWDUWHWHHUGDV30RELOXQGULFKWHWHVHLQ'HQNHQQDFK YRUQ 'UHL7DJHVSlWHU 'LHKXQGHUW)UDXHQXQG0lQQHUGLHVHLWJXWHLQHP-DKUDXIGLH%HGLHQXQJGHU 67$548((1JHVFKXOWXQGWUDLQLHUWZRUGHQZDUHQVWDQGHQLQ=ZHLHUUHLKHYRU GHU%RGHQVFKOHXVH 'LHVPDOZDUHQVLHQLFKW]XP 7UDLQLQJ DQJHWUHWHQVRQGHUQ]XPHFKWHQ(LQVDW] GHQQKHXWHVROOWHGDV5DXPVFKLII]XPHUVWHQ0DOGLH:HOWYHUODVVHQ /HVWHU .LRQGLNH EHREDFKWHWH GLH .RVPRQDXWHQ DXI HLQHP %LOGVFKLUP LQ GHU .RPPDQGR]HQWUDOH(UZDUQHUY|VXQG]RUQLJ(VZDULKPQLFKWJHOXQJHQDXFK QXUPLWHLQHP.RVPRQDXWHQEHUGLH3HGRWUDQVIHUHUXQGEHUHLQH0|JOLFKNHLW ]XVSUHFKHQVLHXQVFKlGOLFK]XPDFKHQGHQQGLHGUHLIKUHQGHQ&DSSLQVKDWWHQ LKQLQGHU.RPPDQGR]HQWUDOHIHVWJHKDOWHQVHLW/DWRU.DPEDQG-DUYLVDP7DJH QDFKVHLQHP7RGHQLFKW]XU$UEHLWHUVFKLHQHQZDU 'LH &DSSLQV DKQWHQ QLFKW ZDV PLW /DWRU JHVFKHKHQ ZDU 6LH YHUPXWHWHQ YLHOPHKUZDVVLHYHUPXWHQVROOWHQGDGHU7ULHEZHUNVLQJHQLHXUVLFK]X)XLQ GHU $XHQZHOW EHIXQGHQ KDWWH DOV GHU 0HWKDQVWXUP ORVEUDFK XQG GDEHL XPJHNRPPHQZlUH 'HQQRFK ZDU LKU 0LWUDXHQ EHLQDKH NUDQNKDIW JHZRUGHQ 9LHOOHLFKW DEHU EHIUFKWHWHQ VLH DXFK QXU /HVWHU GHU DQ 6WHOOH /DWRUV GLH /HLWXQJ GHU .RVPRQDXWHQ EHUQHKPHQ VROOWH ZUGH VLFK HEHQIDOOV LQV )UHLH ZDJHQ XQG GDEHL VWHUEHQ -HGHQIDOOV KDWWHQ VLH LKQ NXU]HUKDQG LQ GHU .RPPDQGR]HQWUDOH XQWHU$UUHVWJHVWHOOW ³,QHLQHUKDOEHQ6WXQGHVWDUWHQZLUVDJWH0XURUH*DIVRU³2IIHQEDUZLUG/DWRU YHUVFKROOHQ EOHLEHQ %LVKHU KDWWH LFK QRFK JHKRIIW GD HU YLHOOHLFKW GRFK QRFK SO|W]OLFKHUVFKHLQHQZUGH ³,FK DXFK EHKDXSWHWH /HVWHU (U GHXWHWH DXI GHQ 0RQLWRU DXI GHP GLH 0DQQVFKDIW]XVHKHQZDU³:ROOHQZLUQLFKWGLH%HVDW]XQJLQV6FKLIIODVVHQ" ³'X NDQQVW GLH /LIWU|KUH DXVIDKUHQ VDJWH 0XURUH*DIVRU ³6REDOG GLH /HXWH LKUH3OlW]HHLQJHQRPPHQKDEHQZHUGHLFKEHU5XQGUXI]XLKQHQVSUHFKHQ /HVWHU GDFKWH GDUDQ ZDV LKP 0XURUH*DIVRU YRU HLQHU KDOEHQ 6WXQGH HU|IIQHW KDWWH GD QlPOLFK GLH .RVPRQDXWHQ QXU XQWHUJHRUGQHWH 7lWLJNHLWHQ DXVIKUHQ VROOWHQ ZlKUHQGHUJHPHLQVDP PLW1RJXQXQG6HWDQGXUFK6SH]LDOVFKDOWXQJHQ

YRQGHU.RPPDQGR]HQWUDOHDXVGDV6FKLIIVWDUWHQXQG]XP=LHOVWHXHUQZUGH (U/HVWHUZUGH]ZDULQGHU=HQWUDOHEOHLEHQ³GUIHQDEHUQXUDOV=XVFKDXHU (UEHUKUWHGLH6HQVRUOHLVWHGLHGDV$XVIDKUHQGHU/LIWU|KUHEHZLUNWH $XI GHP 0RQLWRU VDK HU GD 8QUXKH LQ GLH ZDUWHQGHQ .RVPRQDXWHQ NDP 1DWUOLFK ZDUHQ VLH DXIJHUHJW XQG HUZDUWXQJVYROO 6LH ZDUHQ GLH HUVWHQ 0HQVFKHQ GLH LKUH NOHLQH :HOW YHUOLHHQ XQG VLFK LQ LKUHU (XSKRULH HLQELOGHQ GXUIWHQGHQ:HOWUDXP]XHUREHUQ 6LHZUGHQVHKUEDOGHUQFKWHUWVHLQ ³=Z|OI .RVPRQDXWHQ VLQG IU GLH %HVHW]XQJ GHU .RPPDQGR]HQWUDOH YRUJHVHKHQ VDJWH HU ]X 0XURUH*DIVRU ³6ROOHQ VLH HUVW KHUHLQNRPPHQ RGHU VROOLFKVLHEHU5XQGUXI]XDQGHUHQ3OlW]HQVFKLFNHQ" ³6FKLFNHVLHZRDQGHUVKLQDQWZRUWHWHGHU&DSSLQ /HVWHUQLFNWHVHW]WHVLFKYRUGLH5XQGUXIDQODJHDNWLYLHUWHVLHXQGEHRUGHUWHGLH ]Z|OI .RVPRQDXWHQ GHUHQ 1DPHQ HU DXVZHQGLJ NDQQWH ]X $XVZHLFKSOlW]HQ $OV *UXQG QDQQWH HU HLQHQ %HIHKO GHV $GPLQLVWUDWRUV ,Q]ZLVFKHQ ZUGH VLFK QLHPDQG PHKU GDUEHU ZXQGHUQ ZHQQ GHU $GPLQLVWUDWRU GHU :LVVHQVFKDIWVPLQLVWHU XQG GHU &KHI GHU 5DXPIDKUWEHK|UGH VHOEVWKHUUOLFK VFKDOWHWHQ XQG ZDOWHWHQ $EHU ODQJH ZUGHQ HV GLH 0HQVFKHQ QLFKW PHKU KLQQHKPHQ ³'LH/HXWHVROOHQGRFK]X$XVZHLFKSOlW]HQVDJWH1RJXQ/HFXQWEHYRUGHP &DSSLQ GDV QlFKVWH :RUW LQ GHU .HKOH VHLQHV 2SIHUV VWHFNHQEOLHE DOV GDV 3DQ]HUVFKRWW VLFK ZHLWHU |IIQHWH XQG GLH *HVWDOW LQ GHU %RUGNRPELQDWLRQ GHXWOLFKVLFKWEDUZXUGH ³/DWRUULHI6HWDQ'DYUDVEHUUDVFKW /HVWHU ZDU QLFKW QXU EHUUDVFKW VRQGHUQ ZLH YRP 'RQQHU JHUKUW DXFK ZHQQ DXI/DVW+DUERUGLHVH5HGHZHQGXQJXQEHNDQQWZDU 'HQQ GHU 0DQQ LQ GHU %RUGNRPELQDWLRQ GHU VLFK DQVFKLFNWH GLH .RPPDQGR]HQWUDOH]XEHWUHWHQZDU/DWRU.DPEDQG-DUYLV -HGHQIDOOVKDWWHHVGHQ$QVFKHLQ 1XU/HVWHUZXWHGDGLHVHU$QVFKHLQWURJ-HPDQGGHUQDFKHLQHP6WXU]DXV UXQG IQI]LJ 0HWHUQ +|KH PLW ]HUVFKPHWWHUWHQ .QRFKHQ WRW DXI GHP *UXQGH HLQHV $QWLJUDYVFKDFKWV ODQGHWH NRQQWH QLFKW GUHL 7DJH VSlWHU Y|OOLJ XQYHUVHKUW LQGHU6FKRWW|IIQXQJGHU.RPPDQGR]HQWUDOHVWHKHQ 1RFK GD]X ZR /HVWHU VHLQH VWHUEOLFKHQ hEHUUHVWH JHPHLQVDP PLW $UWKXU %URNPDQ LQ GHU $XHQZHOW XQWHU (LV XQG 6FKQHH EHJUDEHQ KDWWH XQWHU $PPRQLDNHLV XQG $PPRQLDNVFKQHH LQ HLQHU :DVVHUVWRII0HWKDQ$WPR VSKlUHEHLHLQHU7HPSHUDWXUYRQPLQXV*UDG&HOVLXVXQGRKQH6FKXW]DQ]XJ $EHU GHU 0DQQ GHU LQ GHU 6FKRWW|IIQXQJ VWDQG KDWWH /DWRUV *U|H VHLQ *HVLFKWVHLQH$XJHQVHLQ+DDUXQGHUWUXJVHLQH%RUGNRPELQDWLRQPLWVHLQHP 1DPHQVVFKLOGFKHQGDUDXI ³'DUI LFK HLQWUHWHQ" IUDJWH HU IUHXQGOLFK XQG VR DOV KlWWH HU VLFK QXU XP IQI 0LQXWHQYHUVSlWHWXQGQLFKWXPGUHL7DJH /HVWHUIUDJWHVLFKREHUWUlXPWH ³:RNRPPVWGXKHU"IUDJWH0XURUH*DIVRUGHQ7ULHEZHUNVLQJHQLHXU

³9RQ5(6&8(6(9(1DQWZRUWHWH/DWRU 1HLQ QLFKW /DWRU VRQGHUQ MHPDQG GHU VR DXVVDK ZLH /DWRU XQG YRUJDE HV ]X VHLQGDFKWH/HVWHU $EHUZHU" 8QGZDUXP" ³9RQ5(6&8(6(9(1"HFKRWH1RJXQ/HFXQW 9LHOOHLFKW ZXWH HU EHU GLH DOWHQ 5HWWXQJVVWDWLRQHQ QLFKW %HVFKHLG /HVWHU NDQQWH VLFK DXV 'LH 5(6&8(6 ZDUHQ YRU UXQG QHXQKXQGHUW -DKUHQ HUULFKWHW ZRUGHQ DOV 9HUPHVVXQJVWUXSSV VLFK LQ JURHP 6WLO DXIJHPDFKW KDWWHQ XP GLH GHQ0HQVFKHQJHK|UHQGHQ]ZHL'ULWWHOYRQ/DVW+DUERUJHQDX]XHUNXQGHQXQG GDUDXIKLQ ]X XQWHUVXFKHQ ZR VLFK GLH JQVWLJVWHQ 6WDQGRUWH IU ZHLWHUH &LW\V XQG³VXESODQHWDULVFKH)DEULNHQEHIDQGHQ 'DGLH/DQGYHUPHVVHUXQGLKUH+LOIVNUlIWHRIW]X)XXQWHUZHJVZDUHQZXUGHQ VLH SHUPDQHQW YRQ 8QZHWWHUQ XQG XQYRUKHUVHKEDUHQ 6WUDKOXQJVDXVEUFKHQ DXI +RW %HDVW EHGURKW ,Q GHQ JHJHQ 6WUDKOXQJ ZLUNVDP DEJHVFKLUPWHQ XQG PLW hEHUOHEHQVV\VWHPHQ /HEHQVPLWWHOQ XQG :DVVHU YHUVHKHQHQ XQG YRU DOOHP KHL]EDUHQ 5(6&8(6 KDWWHQ VLH LQ 1RWIlOOHQ PHLVW UHFKW]HLWLJ 8QWHUVFKOXSI JHIXQGHQ XQG GDV (QGH GHV EHGURKOLFKHQ (UHLJQLVVHV DEZDUWHQ RGHU EHU )XQN +LOIHKHUEHLKROHQN|QQHQ +HXW]XWDJH ZDUHQ GLH 5HWWXQJVVWDWLRQHQ JU|WHQWHLOV OHHUH XQG IDVW QXW]ORVH %HWRQNO|W]H 1XU HWZD GUHLLJ YRQ HKHPDOV UXQG GUHLWDXVHQG ZDUHQ QRFK YROO IXQNWLRQVIlKLJ XQG ZXUGHQ UHJHOPlLJ JHZDUWHW XP EHL ([SHGLWLRQHQ RGHU $XVIOXJVIDKUWHQDOV+LOIVVWDWLRQHQGLHQHQ]XN|QQHQ /DWRUQLFNWH ³5(6&8( 6(9(1 OLHJW DP 5DQGH GHV 6FRE\*OHWVFKHUV KLQWHU GHP 0RXQW 6DUNRQLV HUNOlUWH HU ³,FK ZDU GRUW PLW HLQHP 3UDOOIHOG5HQQVFKOLWWHQ XQWHUZHJV DOV GLH $WPRVSKlUH NROODELHUWH 'HU HUK|KWH 'UXFN EHVFKlGLJWH GDV $QWULHEVV\VWHP ZlKUHQG LFK PLFK LQ GHU 6WDWLRQ LQ 6LFKHUKHLW EUDFKWH $QVFKOLHHQG EUDXFKWH LFK =HLW XP GHQ $QWULHE LQ *DQJ ]X EULQJHQ 'LH )XQNDQODJHZDUGHIHNWVRGDLFKNHLQH+LOIHDQIRUGHUQNRQQWH(VWXWPLUOHLG ZHQQLKUHXFK6RUJHQJHPDFKWKDEW ³(LQ 3UDOOIHOG5HQQVFKOLWWHQ HQWUVWHWH VLFK 1RJXQ/HFXQW ³'X ELVW DOVR QXU ]X GHLQHP 9HUJQJHQ GUDXHQ JHZHVHQ /DWRU 'DIU HUWHLOH LFK GLU KLHUPLW HLQHQ9HUZHLV1LPPGHLQHQ3ODW]HLQ'HLQH)XQNWLRQPXWGXDOOHUGLQJVPLW /HVWHUWHLOHQ:LUKDWWHQQLFKWPLWGHLQHU5FNNHKUJHUHFKQHW ³,FK VHOEVW DXFK NDXP HUZLGHUWH /DWRU QLFNWH /HVWHU ]X XQG QDKP DXI HLQHP GHUEHLGHQ5HVHUYHVHVVHO3ODW]GLHDXIGHP3RGHVWLP0LWWHOSXQNWGHU=HQWUDOH VWDQGHQ 'DV LVW QLFKW /DWRU GXUFKIXKU HV /HVWHU REZRKO HU GDV GRFK JOHLFK JHZXW KDWWH $EHU DXV QlFKVWHU 1lKH KDWWH HU JHVHKHQ GD GLHVHU 0DQQ QLFKW VHLQ )UHXQG /DWRU ZDU 'LH NOHLQH VLFKHOI|UPLJH 1DUEH GLH GHU HFKWH /DWRU EHVD KDWWHHU]ZDUDXFKDEHUEHLGLHVHP0DQQZDUVLHDXIGHUOLQNHQ:DQJHVWDWWDXI GHUUHFKWHQ hEHUKDXSW VFKLHQ GDV JDQ]H *HVLFKW VSLHJHOYHUNHKUW ]X VHLQ XQG GLH $XJHQ

EOLFNWHQLUJHQGZLHDQGHUVVRDOVVlKHQVLHGXUFKDOOHVKLQGXUFK *DQ] GDYRQDEJHVHKHQ GDGHU HFKWH /DWRU LKP GLH +DQG JHVFKWWHOW KlWWH(V KDWWH EHLQDKH GHQ $QVFKHLQ DOV ZWH GHU IDOVFKH /DWRU GD HU LKQ VRZLHVR QLFKW IU HFKW KLHOW XQG XQWHUQDKP GHVZHJHQ NHLQHUOHL $QVWUHQJXQJ LKQ YRP *HJHQWHLO]XEHU]HXJHQ /HVWHUEHVFKORVLFKQLFKWVDQPHUNHQ]XODVVHQ,UJHQGZLHKDWWHHUGDV*HIKO GHU IDOVFKH /DWRU VHL DQ %RUG JHNRPPHQ XP LKP JHJHQ GLH &DSSLQV EHL]XVWHKHQ 2EZRKOHUVLFKQLFKWYRU]XVWHOOHQYHUPRFKWHZLHHUGDVEHZHUNVWHOOLJHQZROOWH /HVWHU VHW]WH VLFK LQ GHQ ]ZHLWHQ 5HVHUYHVHVVHO XQG K|UWH PLW KDOEHP 2KU ]X ZLH 0XURUH*DIVRU EHU GLH 5XQGUXIDQODJH ]XU %HVDW]XQJ VSUDFK XQG VLH EHU LKUH$XIJDEHQXQGGDV=LHOXQWHUULFKWHWH 'HUYLHUWH3ODQHW (UVDJWHGLHVPDOQLFKW6HTXHQ]DGHQQHLQ0HQVFKYRQ/DVW+DUERUNRQQWHGHQ 1DPHQGHVYLHUWHQ3ODQHWHQ(PHUDOGVQLFKWNHQQHQ 3O|W]OLFK YHUVWHLIWH VLFK /HVWHU GHQQ LKP ZDU HWZDV DXIJHIDOOHQ GDV LKP XQKHLPOLFKYRUNDPZHLOHVHLJHQWOLFKXQP|JOLFKKlWWHVHLQPVVHQ /DWRU KDWWH VLFK DXI HLQHQ GHU 5HVHUYHVHVVHO JHVHW]W REZRKO HU QLFKWV GDYRQ ZLVVHQ NRQQWH GD GLH &DSSLQV GLH XUVSUQJOLFKH $XIJDEHQYHUWHLOXQJ XPJHZRUIHQKDWWHQQDFKGHUHUGHQ3ODW]GHV.RPPDQGDQWHQHLQQHKPHQVROOWH 0XURUH*DIVRU KDWWH LKQ /HVWHU MD HUVW YRU JXW HLQHU KDOEHQ 6WXQGH EHU GLH 8PGLVSRQLHUXQJXQWHUULFKWHW $OV GDV 5DXPVFKLII DEKRE XQG GXUFK GHQ 6WDUWVFKDFKW LQ GLH $WPRVSKlUH /DVW +DUERUVVWLHJPXVWHUWHHUGDV*HVLFKWGHV0DQQHV]XVHLQHU/LQNHQ 'HU0DQQZDQGWHLKPGDV*HVLFKWYROO]XXQGLQVHLQHQ$XJHQEOLW]WHHVDXI DOVPDFKWHHUVLFKEHUGDV.RSI]HUEUHFKHQOXVWLJGDHU/HVWHUEHUHLWHWH 8QGGDUEHUGD/HVWHUQLFKWHLQHHLQ]LJH)UDJHVWHOOHQGXUIWHXPGHQ&DSSLQV QLFKWV]XYHUUDWHQ 'HU)OXJ]XPYLHUWHQ3ODQHWHQKlWWH/HVWHU.LRQGLNHQRUPDOHUZHLVHLQHLQH$UW 5DXVFK]XVWDQGYHUVHW]WZDUHVGRFKVHLQHUVWHU5DXPIOXJXQGEUHLWHWHQVLFKYRU LKP GRFK HLQLJH GHU :XQGHU GHV :HOWDOOV DXV YRQ GHQHQ HU RKQH GLH 67$548((1QLHHWZDVHUIDKUHQKlWWH'DV*HJHQWHLOZDUGHU)DOO (U ZDU YRQ LQQHUHU 8QUXKH XQG 8QVLFKHUKHLW HUIOOW VFKZDQNWH ]ZLVFKHQ LUUDWLRQDOHU +RIIQXQJ XQG EHJUQGHWHU 9HU]ZHLIOXQJ XQG ZDU PDQFKPDO QDKH GDUDQ ]X JODXEHQ HU ELOGHWH VLFK GDV DOOHV QXU HLQ EH]LHKXQJVZHLVH HU WUlXPWH GDVDOOHV 0HLVW ZDU HU VLFK MHGRFK VLFKHU GD DOOHV 5HDOLWlW ZDU $OOHV DXFK VHLQH 2KQPDFKWXQGGLHXQEHUZLQGOLFKHhEHUOHJHQKHLWGHU&DSSLQV *DIVRU /HFXQW XQG 'DYUDV ZDUHQ EULJHQV QLFKW GLH HLQ]LJHQ &DSSLQV GLH LQ GHQ .|USHUQ YRQ hEHUQRPPHQHQ DQ %RUG GHU 67$548((1JHJDQJHQ ZDUHQ 1DFKXQGQDFKNDP/HVWHUGDKLQWHUGDVLFKQRFKPLQGHVWHQVYLHU]HKQZHLWHUH 3HGRWUDQVIHUHUDQ%RUGEHIDQGHQ(UQDKPMHGHQIDOOVDQGDGLH/HXWHGLHQLFKW ]XU UHJXOlUHQ %HVDW]XQJ GHV 6FKLIIHV JHK|UWHQ XQG GLH KLQ XQG ZLHGHU LQ GLH =HQWUDOHNDPHQXPPLW*DIVRU/HFXQWXQG'DYUDV]XWXVFKHOQ²XQGGLHVWHWV

VFKZHUEHZDIIQHWKHUXPOLHIHQ²&DSSLQVZDUHQ $XHUGHPEHNDP/HVWHUPLWGD+LUX.DPEDQG-DUYLVLQHLQHU,VROLHU]HOOHDXI GHP =HQWUDOHGHFN JHIDQJHQJHKDOWHQ ZXUGH 'HU IDOVFKH /DWRU EHNDP HV HEHQIDOOVPLW DEHU HU UHDJLHUWH QLFKW GDUDXI 'LH &DSSLQV VFKLHQHQQLFKWV GDEHL ]X ILQGHQ DEHU /HVWHU ZXWH GD GHU HFKWH /DWRU JHIKOVPlLJ VWDUN UHDJLHUW KlWWHZHLOHUXPGDV/HEHQVHLQHV6RKQHVEDQJHQZUGH (VZDUHLQZHLWHUHU%HZHLVZHQQDXFKHLQHUGHVVHQHVQLFKWPHKUEHGXUIWKlWWH 1XU YHUULHW HU /HVWHU EHUKDXSW QLFKWV GDUEHU ZHU GLH 3HUVRQ GLH /DWRU VR YHUEOIIHQG lKQHOWH GD GLH &DSSLQV NHLQHQ 8QWHUVFKLHG EHPHUNWHQ ZLUNOLFK ZDUXQGZHVKDOEVLHGLH5ROOH/DWRUVVSLHOWH 1XU HLQHV HUNDQQWH /HVWHU QDFK ORJLVFKHP 1DFKGHQNHQ GD GLH EHWUHIIHQGH 3HUVRQ ZXWH GD 3HGRWUDQVIHUHU GLH 9HUDQWZRUWOLFKHQ YRQ /DVW +DUERU EHUQRPPHQ KDWWHQ *HJHQEHU IUHLHQ 0HQVFKHQ KlWWH VLH GLHVH 5ROOH QlPOLFK QLFKW]XVSLHOHQEUDXFKHQ 'DVDOOHVEHVFKlIWLJWH/HVWHUVRGDHUVHLQHHUVWHXQGZDKUVFKHLQOLFKOHW]WH² 5DXPIDKUWQLFKW]XJHQLHHQYHUPRFKWH 'LH 67$548((1 KDWWH QDFK GHP 9HUODVVHQ GHU $WPRVSKlUH XQG $Q]LHKXQJVNUDIW /DVW +DUERUV GHQ *DVULHVHQ +RW %HDVW HLQPDO XPNUHLVW XQG ZDU GDQDFK PLW XQJHKHXUHQ %HVFKOHXQLJXQJVZHUWHQ LQ GLH 7LHIH GHV :HOWDOOV YRUJHVWRHQ 1DFK NXU]HU %HVFKOHXQLJXQJVSKDVH KDWWH 6HWDQ 'DYUDV HLQH /LQHDUHWDSSH SURJUDPPLHUW XQG GDV 6FKLII ZDU DXV GHP YLHUGLPHQVLRQDOHQ 5DXP=HLW.RQWLQXXPLQGHQ=ZLVFKHQUDXPHLQJHGUXQJHQ $OV HV LQ GHQ 1RUPDOUDXP ]XUFNILHO KDWWH /HVWHU ]XP HUVWHQPDO GLH 'XQNHOZRONH GLH 6WDUEHG HLQVFKOR YRQ DXHQ JHVHKHQ ² XQG HU KDWWH VLFK GDUEHUJHZXQGHUWZLHNOHLQVLHRSWLVFKHUVFKLHQHQZDU 1DFK GLHVHP 3UREHODXI GHV /LQHDUWULHEZHUNV ZDU GLH 67$548((1 LQ GDV 6WHUQHQQHVW XQG LQ GDV (PHUDOG6\VWHP ]XUFNJHNHKUW ² XQG ]XU =HLW EHIDQG VLHVLFKLP$QIOXJDXI3ODQHW1XPPHUYLHUGHQGLH&DSSLQV6HTXHQ]DQDQQWHQ 0LW NORSIHQGHP +HU]HQ EOLFNWH /HVWHU DXI GHQ %LOGVFKLUPDXVVFKQLWW GHU GHQ 3ODQHWHQ ]HLJWH HLQH VWDXEYHUKOOWH VFKPXW]LJJUDXH 6WHLQNXJHO RKQH HUNHQQEDUHV/HEHQ $XV GHQ $XI]HLFKQXQJHQ GLH YRU PHKU DOV WDXVHQG -DKUHQ EHLP (LQIOXJ GHU *5$

%HUJH DXVJHWURFNQHWH )OXEHWWHQ 7lOHU GLH PLW 'LQJHQ DQJHIOOW ZDUHQ GLH ZLH ]HUNOHLQHUWH EOHLFKH 6NHOHWWH DXVVDKHQ NOHLQH |OLJ JOlQ]HQGH 6HHQ XQG LPPHUZLHGHUULHVLJH.UDWHUPLWJODVLJHQ5lQGHUQXQGYHUVLQWHUWHQ6FKXWWZlOOHQ GDKLQWHU 3O|W]OLFKWDXFKWHQGLHHUVWHQ7UPPHUDXI 6LHODJHQDXIHLQHPNDKOHQ%HUJNDPPYHUVWUHXWULQJVXPHLQH%UHVFKHGLHGRUW YRQHLQHPPDVVLYHQ2EMHNWKLQHLQJHVFKODJHQZRUGHQZDU =XHUVWZXWH/HVWHUQLFKWZDVHUGDPLWDQIDQJHQVROOWHGRFKGDQQHUNDQQWHHU GD HV GLH 7UPPHU HLQHV 5DXPVFKLIIV ZDUHQ GDV LQ GHU )RUP GHU 67$548((1JOLFKDEHUYLHOJU|HUJHZHVHQVHLQPXWH :lKUHQGGLH67$548((1PLWK|FKVWHQVQRFKGUHLKXQGHUW6WXQGHQNLORPHWHUQ LQ JHULQJHU +|KH ZHLWHUIORJ HQWGHFNWH /HVWHU 5DXPVFKLIIVWUPPHU DXFK DXI GHP MHQVHLWLJHQ %HUJKDQJ XQG VSlWHU DXFK LQ GHU (EHQH GDKLQWHU -HGHVPDO PXWH HU VHLQH $QQDKPHQ KLQVLFKWOLFK GHU *U|H GHV ]HUVW|UWHQ 5DXPVFKLIIV UHYLGLHUHQ ELV HU DXI HLQH JHVFKlW]WH *HVDPWOlQJH YRQ 0HWHUQ HLQHQ JU|WHQ 'XUFKPHVVHU YRQ 0HWHUQ XQG DXI HLQH %HVDW]XQJ YRQ ]LUND 3HUVRQHQNDP (LQH IXUFKWEDUH .DWDVWURSKH PXWH VLFK KLHU HUHLJQHW KDEHQ 6LH KDWWH NHLQ :UDFN KLQWHUODVVHQ GHVVHQ /HFNV SURYLVRULVFK DEJHGLFKWHW ZRUGHQ ZDUHQ VRQGHUQDEVROXWQXW]ORVH7UPPHULQGHQHQQLHPDQGEHUOHEWKDEHQNRQQWH :DVZROOWHQGLH&DSSLQVGDQQEHUKDXSWKLHU" 'LHVHV 5lWVHO O|VWH VLFK ZHQLJ VSlWHU DOV GLH 67$548((1 QRFK VWlUNHU DEEUHPVWH XQG DOV YRUDXV HLQ NOHLQHV 6FKLII VLFKWEDU ZXUGH GDV LQ HLQHU /DQGVFKDIWDXI6DQGGQHQODJ (VZDUK|FKVWHQV0HWHUODQJXQGGXUFKPDQLFKWPHKUDOV0HWHU (LQ5HWWXQJVERRWVFKOR/HVWHU ,P QlFKVWHQ $XJHQEOLFN ODQGHWH GLH 67$548((1 DXIUHFKW QHEHQ GHP 5HWWXQJVERRW (UVW GDQDFK VDK /HVWHU GLH NODIIHQGHQ 5LVVH LQ GHU %RRWVKOOH KLQWHU GHU HLQH U|WOLFKH 0DVVH VFKLPPHUWH XQG HU VDK DXFK GLH DXVJHJOKWH %XJVSLW]HGHV%RRWHV(VZDUDOVRDXFKQLFKWKHLOKHUXQWHUJHNRPPHQ²XQGHV ZDU DQVFKHLQHQG GDV HLQ]LJH 5HWWXQJVERRW GDV GHU %HVDW]XQJ GHV JURHQ 6FKLIIHVQRFK]XU9HUIJXQJJHVWDQGHQKDWWH ³'DV(UJHEQLVHLQHVNOHLQHQ*HIHFKWVVDJWHGHUIDOVFKH/DWRU (V ZDU GDV HUVWH ZDV HU VHLW GHP 6WDUW GHU 67$548((1 XQDXIJHIRUGHUW JHVSURFKHQKDWWH ³(V LVW DOOHV ZDV QDFK HUELWWHUWHP .DPSI YRQ HLQHP 6FKODFKWVFKLII EULJJHEOLHEHQ LVW HUNOlUWH 0XURUH*DIVRU ³:LU ILQJHQ GHQ 1RWUXI PLW GHP +\SHUNRPDXIXQGHQWVFKORVVHQXQVGDKHUGHQXUVSUQJOLFKHQ3ODQDE]XlQGHUQ XQGVWDWWGHVVHQGHQhEHUOHEHQGHQ]X+LOIH]XNRPPHQ ³(LQ6FKODFKWVFKLII"HQWIXKUHV/HVWHU³(LQWHUUDQLVFKHV6FKODFKWVFKLII" ³-D VDJWH 0XURUH*DIVRU ³'LH +20(67($' 'DV NOHLQH 5HWWXQJVERRW LVW GDV HLQ]LJH GDV QDFK GHP .DPSI QRFK EUDXFKEDU ZDU $EHU HV KDWWH HEHQIDOOV 6FKlGHQGDYRQJHWUDJHQVRGDHVEHLGHU1RWODQGXQJ5LVVHXQG6SDOWHQEHNDP 'LH %HVDW]XQJ HUKLHOW 6SDU]HLW,QMHNWLRQHQ GLH VLH LQ HLQH 3VHXGR6WDVLV

YHUVHW]WH1XUVRNRQQWHVLHEHUOHEHQ'RFKGLH:LUNXQJGHU,QMHNWLRQHQOlWLQ ZHQLJHQ 7DJHQ QDFK $XHUGHP GULQJW ]XYLHO UDGLRDNWLYH 6WUDKOXQJ GXUFK GLH /HFNVGLHQXUSURYLVRULVFKDEJHGLFKWHWZHUGHQNRQQWHQ /HVWHUQLFNWH (U ZLGHUVWDQG GHU 9HUVXFKXQJ 0XURUH*DIVRU ]X IUDJHQ ZLH HU DOOH GLHVH 'HWDLOV ZLVVHQ NRQQWH ZHQQ HU QXU HLQHQ 1RWUXI JHK|UW KDWWH $EHU )UDJHQ KlWWHQ QXU $UJZRKQ HUUHJW XQG GDV ZROOWH /HVWHU YHUPHLGHQ VRODQJH HV VLFK QRFK YHUPHLGHQ OLH (U IUFKWHWH GD GLH &DSSLQV KlUWHUH 0DQDKPHQ HUJUHLIHQZUGHQZHQQVLHGHPDVNLHUWZDUHQ ³/DWRU /HVWHU LKU EOHLEW LQ GHU .RPPDQGR]HQWUDOH ZlKUHQG ZLU LQV 5HWWXQJVERRW JHKHQ IXKU 0XURUH*DIVRU IRUW ³$EHU GHQNW GDUDQ GD /DWRUV .LQGLQXQVHUHU*HZDOWLVW ³,FKYHUJHVVHHVQLFKWYHUVLFKHUWHGHUIDOVFKH/DWRUDXVGUXFNVORV ³9HUODW GLH .RPPDQGR]HQWUDOH QLFKW XQG YHU]LFKWHW DXI )XQNNRQWDNW PLW GHQ DQGHUHQ.RVPRQDXWHQRUGQHWH6HWDQ'DYUDVDQ³.PPHUWHXFKXPQLFKWV ³.|QQHQZLUQLFKWKHOIHQ"HUNXQGLJWHVLFK/HVWHUXQVFKXOGLJ ³1HLQHUZLGHUWH6HWDQ'DYUDVVFKURII 'DQDFKYHUOLHHQGLHGUHLhEHUQRPPHQHQGLH=HQWUDOH /HVWHU YHUPRFKWH HV NDXP ]X IDVVHQ GD HU HQGOLFK PLW GHP IDOVFKHQ /DWRU DOOHLQZDU-HW]WZUGHHUHUIDKUHQZDVJHVSLHOWZXUGH 'RFKGHUDQGHUHNDPLKP]XYRU ³%LWWHVWHOOHNHLQHXQQ|WLJHQ)UDJHQVDJWHHU³6HOEVWYHUVWlQGOLFKELQLFKQLFKW /DWRU ,FK ELQ /DWRU6SLWHU HLQ (VVHQWLDO2SHUDWRU XQG HLQJHGHQN *ODGD XQG -XQJDHXHU)UHXQG ³*ODGD XQG -XQJD" HFKRWH /HVWHU IDVVXQJVORV GHQQ HU NDQQWH GLH )DPLOLHQJHVFKLFKWHGHU.DPEDQG-DUYLV XQGZXWHGDKHUGD8UDKQHQYRQLKP PLW GHQ 1DPHQ *ODGD XQG -XQJD PDJHEHQG DQ GHU )ULHGHQVUHJHOXQJ PLW GHQ 3DUDV\QWKRV GHV $QWLSRGH 2QH EHWHLOLJW JHZHVHQ ZDUHQ ³.RPPVW GX YRP $QWLSRGH2QH" $EHU GD VSUDFK HU EHUHLWV QLFKW PHKU ]X /DWRU6SLWHU VRQGHUQ LQ GLH OHHUH =HQWUDOHKLQHLQ 'HU*HKHLPQLVYROOHZDUVSXUORVYHUVFKZXQGHQ /HVWHU PXWH DOO VHLQH :LOOHQVNUDIW DXIEULQJHQ XP QLFKW VHLQHP 'UDQJ QDFK]XJHEHQ GLH .RPPDQGR]HQWUDOH ]X YHUODVVHQ XQG LP 6FKLII QDFK /DWRU 6SLWHU]XVXFKHQ 2GHUHWZDVDQGHUHV]XXQWHUQHKPHQ 8QJHIlKU HLQH 6WXQGH YROOHU 8QUXKH XQG YLEULHUHQGHU 1HUYHQ YHUVWULFK GDQQ |IIQHWHVLFKGDV3DQ]HUVFKRWWXQGGLHGUHLIKUHQGHQ&DSSLQVNHKUWHQ]XUFN -HGHQIDOOVQDKP/HVWHUDQGDVLHHVZDUHQ:LVVHQNRQQWHHUHVQLFKWGHQQVLH NDPHQQLFKWLQGHQ.|USHUQYRQ0XURUH*XE1RJDQ&XUWLVVXQG6HWDQ'HZDU 6LHNDPHQLQLKUHQHLJHQHQ.|USHUQ 'DUDQ ]ZHLIHOWH GHU 6FKLIIV]HOOHQ,QJHQLHXU NHLQH 6HNXQGH ODQJ REZRKO HU ]XYRU QRFK QLH HLQHQ &DSSLQ JHVHKHQ KDWWH XQG REZRKO GLHVH GUHL &DSSLQV YHUEOIIHQG0HQVFKHQlKQHOWHQ

$OOHUGLQJVQLFKWGHQJUD]LOHQXQGOHLFKWJHZLFKWLJHQ0HQVFKHQZLHVLHDXI/DVW +DUERU OHEWHQ VRQGHUQ GHQ PDVVLYHQ XQG VWDELOHQ 7HUUDQHUQ GLH XQWHU HLQHU PHKUDOVGUHLPDOVRJURHQ6FKZHUNUDIWDXIZXFKVHQXQGGLHHUDXVDOWHQ,1)26 NDQQWH ³:RLVW/DWRU"IUDJWHHLQHUGHU&DSSLQVXQGULFKWHWHHLQHQ%ODVWHUDXI/HVWHU /HVWHUYHUVSUWH]XVHLQHUHLJHQHQ9HUZXQGHUXQJNHLQH$QJVWYRUGHU:DIIH(U PXVWHUWHGHQ&DSSLQGHUVHLQHU0HLQXQJQDFKQXU*DIVRUVHLQNRQQWH (UVDKHLQHP7HUUDQHUZLUNOLFKWlXVFKHQGlKQOLFKZDUJUREUHLWVFKXOWULJKDWWH U|WOLFKEUDXQH +DXW HLQ VFKPDOHV *HVLFKW HLQH JURH VFKDUIUFNLJH 1DVH VFKZDU]H $XJHQ XQG VFKZDU]HV +DDU %HNOHLGHW ZDU HU PLW HLQHP VLOEULJ VFKLPPHUQGHQ 5DXPDQ]XJ PLW GQQHP 5FNHQWRUQLVWHU XQG HLQHP ]XUFNJHNODSSWHQWUDQVSDUHQWHQ.XJHOKHOP ³:HUELVWGX"IUDJWH/HVWHU 'HU &DSSLQ ZXUGH XQVLFKHU DEHU QXU IU HWZD HLQH 6HNXQGH GDQQ HUNOlUWH HU IHVW ³'LH=HLWGHU0DVNHUDGHLVWYRUEHL,FKELQ*DIVRUHLQ$QJHK|ULJHUGHV&DSSLQ 9RONHV GHU 7DNHUHU XQG HKHPDOV =ZHLWHU 2IIL]LHU GHV 6FKODFKWVFKLIIV 9$/26 &/$1 GHVVHQ 7UPPHU EHU 6HTXHQ]D YHUVWUHXW VLQG 1RFK HLQPDO :R LVW /DWRU" ³+LHUULHIGLH6WLPPHGHVIDOVFKHQ/DWRU /HVWHUIXKUJHQDXVRHUVFKURFNHQKHUXPZLHGLHGUHL&DSSLQV9HUEOIIWVWDUUWHHU DXIGHQIDOVFKHQ/DWRUGHUYRUGHP3XOWGHV$XWRSLORWHQVWDQGDOVKlWWHHUVLFK GLHJDQ]H=HLWGRUWDXIJHKDOWHQ$EHU/HVWHUZXWHGDGDVQLFKWGHU)DOOZDU +DWWH HU VLFK YLHOOHLFKW KLQWHU GHP 5HSDUDWXUOXN YHUVWHFNW ZR VLFK GHU HFKWH /DWRU HLQPDO PLW PLU YHUVWHFNW KDWWH" EHUOHJWH /HVWHU $EHU GHU /XNHQGHFNHO ZDU IHVW JHVFKORVVHQ (U NRQQWH QLFKW ODXWORV JH|IIQHW XQG ZLHGHU JHVFKORVVHQ ZRUGHQVHLQ ³(V ZlUH VLQQORV DXI PLFK ]X VFKLHHQ *DIVRU HUNOlUWH /DWRU6SLWHU ³-HGHQIDOOVGDQQZHQQGXPLWPLUYHUKDQGHOQP|FKWHVW'XEUDXFKVWPLUQLFKWV ]XHUNOlUHQ(XUH5HGXNWLRQVN|USHUVLQGGHVWDELOLVLHUWXQGZHUGHQLQQHUKDOEYRQ IQI 6WXQGHQ 7HUUD]HLW ]HUIDOOHQ ZHQQ LKU QLFKW LQ VLH ]XUFNNHKUW XQG GRUW EOHLEWVRZLHLKUGUHL ³$EHU LQ XQVHUHQ HLJHQHQ .|USHUQ VLQG ZLU DXFK QLFKW PHKU VLFKHU HUZLGHUWH *DIVRU ³:LU &DSSLQV VSUHQ VR HWZDV (V LVW HLQ *HIKO DOV VROOWHQ XQVHUH %HZXWVHLQHDEJHVWRHQZHUGHQ ³'DV*HIKOWUJWQLFKWHUZLGHUWH/DWRU6SLWHU³,KUZHUGHWDEJHVWRHQHVVHL GHQQ LKU HQWOHGLJW HXFK GXUFK $XWRVXJJHVWLRQ HXUHU )lKLJNHLW GHU 3HGRWUDQVIHULHUXQJ 'DV IXQNWLRQLHUW LFK ZHL HV GHQQ LFK KDEH HXFK JHQDX VWXGLHUW ³/LHEHUEHUQHKPHLFKIULPPHUGHQ.|USHUHLQHV0HQVFKHQVDJWHHLQHUGHU EHLGHQDQGHUHQ&DSSLQV ³9HUVXFKH HV /HFXQW IRUGHUWH /DWRU6SLWHU LKQ DXI XQG GHXWHWH DXI /HVWHU ³hEHUQLPPGLHVHQ0HQVFKHQ ³1HLQVFKULH/HVWHUHQWVHW]W

/DWRU6SLWHU OlFKHOWH LKQ DQ XQG VHOWVDPHUZHLVH EHUXKLJWH LKQ GDV XQG QDKP LKPGLH$QJVW /HFXQWIL[LHUWH/HVWHUPLWGHQ$XJHQHLQH0LQXWH]ZHL0LQXWHQGDQQ]HLJWH VHLQH0LHQHDOOH$Q]HLFKHQGHU7RGHVIXUFKW ³(V JHKW QLFKW VWDPPHOWH HU ³,FK NDQQ VHLQH +\SHUVH[WD0RGXOSDUVWUDKOXQJ QLFKWDQSHLOHQ ³'DVLVW8QVLQQZLGHUVSUDFK*DIVRUKHIWLJ³'XELVWLQ3DQLN,FKEHUQHKPH LKQIUNXU]H=HLW $XFK HU NRQ]HQWULHUWH VLFK ZlKUHQG HU /HVWHU IL[LHUWH XQG DXFK DXI VHLQHP *HVLFKW]HLFKQHWHVLFKJOHLFKGDUDXI7RGHVIXUFKWDE ³:DVLVWORV"IUDJWHGHUGULWWH&DSSLQXQZLOOLJ ³(VJHKWZLUNOLFKQLFKW'DYUDVVDJWH*DIVRU ³(XUH /DJH LVW DXVZHJORV EHKDXSWHWH /DWRU6SLWHU ³(V VHL GHQQ LKU JHKW DXI PHLQH%HGLQJXQJHQHLQ ³:HU RGHU ZDV ELVW GX" IUDJWH *DIVRU GHU VHLQH %HKHUUVFKXQJ EHUUDVFKHQG VFKQHOOZLHGHUJHZRQQHQKDWWH 1HQQW PLFK /DWRU6SLWHU DQWZRUWHWH GDV :HVHQ ³,FK ELQ HLQ (VVHQWLDO 2SHUDWRU0HKUZLOOLFK]XGLHVHP=HLWSXQNWQLFKWYHUUDWHQ ³(LQ3DUDV\QWKRVWLH/HFXQW]RUQLJKHUYRU³:LUKlWWHQ$QWLSRGH2QHVRIRUW YHUQLFKWHQVROOHQ ³,KUKlWWHWQLHGDUDQGHQNHQVROOHQHUZLGHUWH/DWRU6SLWHU³$EHULFKELQQLFKW HLQ 3DUDV\QWKR 6R XQG MHW]W VROOWHW LKU HXFK PLW GHU HLQ]LJHQ $OWHUQDWLYH ]XP 9HUJHKHQDQIUHXQGHQEHYRUHVDXFKGD]X]XVSlWLVW ³1HLQVFKULH*DIVRUDXIEHJHKUHQG³:LUVLQG&DSSLQVGLH+HUUVFKHUEHUDOOH =LYLOLVDWLRQHQ GHU *DOD[LV *UXHOILQ :LU ZHUGHQ XQV QLHPDOV GHU :LOONU YRQ +DOEZLOGHQXQWHUZHUIHQ/LHEHUVWHUEHQZLU ³'LH(QWVFKHLGXQJOLHJWEHLHXFKVDJWH/DWRU6SLWHU +LQWHU*DIVRUV6WLUQDUEHLWHWHHV /HVWHU.LRQGLNH DKQWHGD GHU&DSSLQYHU]ZHLIHOWQDFKHLQHP$XVZHJVXFKWH (V JDE ]ZDU NHLQHQ ZHQQ /DWRU6SLWHU QLFKW ]XYLHO ³YHUVSURFKHQ KDWWH DEHU IDOOV *DIVRU GXUFK GLH SV\FKLVFKH %HODVWXQJ QLFKW PHKU NODU ]X GHQNHQ YHUPRFKWH N|QQWH HU PLW :DIIHQJHZDOW HLQHQ 9HUVXFK XQWHUQHKPHQ GDV %ODWW ]XZHQGHQ 9HUVWRKOHQ JOLWW /HVWHUV +DQG LQ GLH UHFKWH $XHQWDVFKH VHLQHU %RUGNRPELQDWLRQLQGHUGLHNOHLQH6WUDKOHQSLVWROH/DWRUVVWHFNWH(UHQWVLFKHUWH VLHXQGKDWWHVLHJHUDGHKHUDXVJH]RJHQDOVGHU&DSSLQKDQGHOWH ³:LU ZHUGHQ DOOH 0HQVFKHQ W|WHQ VFKULH HU XQG UL VHLQH HLJHQH 6WUDKOZDIIH KRFK 'RFKGDKDWWH/HVWHUVFKRQJHVFKRVVHQ(VZDUGDVHUVWH0DOGDHUHLQH:DIIH JHEUDXFKWHGHVKDOEKDWWHHUNHLQ5LVLNRHLQJHKHQN|QQHQ *DIVRUZDUVRIRUWWRW 'DUDXIKLQ EUDFK GHU :LGHUVWDQGVZLOOH GHU EHLGHQ DQGHUHQ IKUHQGHQ &DSSLQV ]XVDPPHQ ³:LU QHKPHQ GHLQH %HGLQJXQJHQ DQ /DWRU6SLWHU VDJWH /HFXQW ³$EHU QXU

GDQQ ZHQQ /HVWHU .LRQGLNH XQV ELQGHQG ]XVLFKHUW GD DOOH &DSSLQV PLW GHU 67$548((1 /DVW +DUERU YHUODVVHQ GUIHQ VREDOG VLH GLH .RVPRQDXWHQ DXI LKUHU:HOWDEJHVHW]WKDEHQ ³'DVZHUGHQZLUDXINHLQHQ)DOO]XODVVHQHUNOlUWH/HVWHUPLW(QWVFKLHGHQKHLW ³:LU 0HQVFKHQ KDEHQ GLH 67$548((1 JHEDXW 'HVKDOE JHK|UW VLH XQV ,FK QHKPH QXU HLQH EHGLQJXQJVORVH .DSLWXODWLRQ DQ GHQQ LFK NDQQ GHP 8UWHLOVVSUXFKGHV*HULFKWVQLFKWYRUJUHLIHQ ³'HV *HULFKWV" HFKRWH /HFXQW HUVFKURFNHQ XQG ZWHQG ³:HQQ ZLU XQV VFKRQ HUJHEHQZROOHQZLUZLH.ULHJVJHIDQJHQHEHKDQGHOWZHUGHQ'DVKHLWGDZLU QDFKGHP(QGHGHV.RQIOLNWVIUHLJHODVVHQZHUGHQPVVHQ ³$EJHOHKQW HQWVFKLHG /HVWHU ³:LU 0HQVFKHQ YRQ /DVW +DUERU KDEHQ ZHGHU HLQHQ .ULHJ HUNOlUW QRFK HXFK &DSSLQV ]X HLQHP $QJULII SURYR]LHUW ,KU KDEW HXFK JDQ] JHZ|KQOLFKHU 9HUEUHFKHQVFKXOGLJ JHPDFKW ZLH )UHLKHLWVEHUDXEXQJ %HWUXJ 'LHEVWDKO XQG 0RUG (V ZlUH MD QRFK VFK|QHU ZHQQ MHPDQG QLFKW YRU *HULFKW JHVWHOOW XQG DEJHXUWHLOW ZHUGHQ N|QQWH QXU ZHLO HU HLQHU PLOLWlULVFKHQ 2UJDQLVDWLRQDQJHK|UW ³$EHUYHUVXFKWH/HFXQWZHLWHU]XDUJXPHQWLHUHQ 'RFK/DWRU6SLWHUVFKQLWWLKPGDV:RUWDE ³(V KDW NHLQHQ =ZHFN /HFXQW VDJWH HU ³'LH 'HVWDELOLVLHUXQJ GHU 5HGXNWLRQVN|USHU XQG GLH /RVO|VXQJ HXUHU %HZXWVHLQH ZHUGHQ QXU GDQQ DXIJHKDOWHQ ZHQQ LKU EHGLQJXQJVORV NDSLWXOLHUW XQG ZHQQ LKU HXFK GXUFK $XWRVXJJHVWLRQGHU)lKLJNHLWGHU3HGRWUDQVIHULHUXQJIULPPHUHQWOHGLJW /HFXQWVHQNWHVFKLFNVDOVHUJHEHQGHQ.RSI ³:LUNDSLWXOLHUHQEHGLQJXQJVORVHUNOlUWHHUUHVLJQLHUHQG /DWRU6SLWHUVDZLHGHUQHEHQ/HVWHU.LRQGLNHDOVGLH67$548((16HTXHQ]D YHUOLH/HFXQWXQG'DYUDVVWHXHUWHQVLHJHPHLQVDPPLWHLQHPDQGHUHQ&DSSLQ QDPHQV5DVWRU'LHVWHUEOLFKHQhEHUUHVWH*DIVRUVZDUHQDXI6HTXHQ]DEHVWDWWHW ZRUGHQ 9RUKHU ZDUHQ 0XURUH *XE 1RJXQ &XUWLVV 6HWDQ 'HZDU XQG GLH DQGHUHQ YLHU]HKQ HKHPDOV hEHUQRPPHQHQ YRQ GHP 5HWWXQJVERRW GDV HEHQIDOOV 9$/26&/$1 KLH DXI GLH 67$548((1 ]XUFNJHEUDFKW ZRUGHQ 6LH VWDQGHQ QRFK XQWHU 6FKRFNZLUNXQJ XQG HV ZUGH ZRKO HLQLJH =HLW YHUJHKHQ ELVVLHVLFKYRQGHPJUDXHQKDIWHQ(UOHEQLVGHUJHLVWLJHQ9HUJHZDOWLJXQJHUKROW KDWWHQ $OOH &DSSLQV EHIDQGHQ VLFK ZLHGHU LQ LKUHQ HLJHQHQ .|USHUQ XQG /DWRU6SLWHU KDWWH /HVWHU YHUVLFKHUW GD VLH VLFK DXVQDKPVORV GXUFK $XWRVXJJHVWLRQ LKUHU )lKLJNHLW GHU 3HGRWUDQVIHULHUXQJ HQWOHGLJW KDWWHQ XQG GD GLHVHU 9HU]LFKW QLH ZLHGHUUFNJlQJLJJHPDFKWZHUGHQNRQQWH ,Q LKUHQ JHQHWLVFKHQ &RGHV ZDU GLHVH )lKLJNHLW DOOHUGLQJV QDFK ZLH YRU IHVW YHUDQNHUW XQG GD VLH ]X HLQHP 'ULWWHO ZHLEOLFKHQ*HVFKOHFKWVZDUHQ XQGVLFK IROJOLFK IRUWSIODQ]HQ NRQQWHQ IDOOV PDQ VLH DXI /DVW +DUERU QLFKW ]XP 7RGH YHUXUWHLOWHZUGHQLKUH.LQGHU3HGRWUDQVIHUHUVHLQ 'RFK GDV ZDU HLQ 3UREOHP GDV QRFK ODQJH QLFKW DNXW ZDU 'HVKDOE GDFKWH /HVWHUQLFKWZHLWHUGDUEHUQDFK

0LW *DIVRU /HFXQW XQG 'DYUDV ZDUHQ JHQDX GUHLLJ &DSSLQV GHU 9HUQLFKWXQJ GHV 6FKODFKWVFKLIIV HQWNRPPHQ VR GD VLFK MHW]W QHXQXQG]ZDQ]LJ DXI GHP :HJHQDFK/DVW3RUWEHIDQGHQ'UHL]HKQYRQLKQHQZDUHQVFKZHUYHUOHW]WZDV GLH (UNOlUXQJ GDIU ZDU GD VLH NHLQH 3HGRRSIHU DXI /DVW +DUERU KDWWHQ EHUQHKPHQN|QQHQ /HVWHU VWDQG QHEHQ /HFXQW XQG YHUIROJWH DOOH 6FKDOWXQJHQ PLW JU|WHU $XIPHUNVDPNHLW ² QLFKW QXU ZHLO HU GHP &DSSLQ QLFKW WUDXWH VRQGHUQ QRFK PHKUZHLOHUVLFKPLWGHU6WHXHUXQJGHU67$548((1YHUWUDXWPDFKHQZROOWH $XV GHPVHOEHQ *UXQG EHREDFKWHWHQ ZHLWHUH IQI .RVPRQDXWHQ DOOH +DQGEHZHJXQJHQGHU&DSSLQV 6FKRQ LQ GHU HUVWHQ (USUREXQJVSKDVH GHV 6FKLIIHV KDWWHQ GLH 0HQVFKHQ IHVWVWHOOHQ PVVHQ GD LKUH $XVELOGXQJ XQ]XUHLFKHQG JHZHVHQ ZDU 6LH KlWWHQ GLH 67$548((1 QLHPDOV DOOHLQ EHKHUUVFKHQ N|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lFKH EHU GDV ZHLWH )HOG GHU *HQHWLN XQG GLH ]DKOORVHQ $VSHNWH LKUHU QXW]EULQJHQGHQ $QZHQGXQJ 'HU &DSSLQZXWH]LHPOLFKYLHOGDYRQ$QVFKHLQHQGKDWWHHUSUDNWLVFKH(UIDKUXQJLQ GHU$QZHQGXQJJHQWHFKQLVFKHU9HUIDKUHQ /HVWHU EHJDQQ ]X DKQHQ GD GLH &DSSLQV QLFKW HLQIDFK QXU DOV VNUXSHOORVH ,QYDVRUHQ JHVHKHQ ZHUGHQ NRQQWHQ 6LH DOOH EHVDHQ RIIHQVLFKWOLFK VHKU ZHUWYROOH .HQQWQLVVH (U EHGDXHUWH GD VLH VLFK QLFKW RIIHQ ]X HUNHQQHQ JHJHEHQXQGXP+LOIHJHEHWHQKDWWHQ'LH0HQVFKHQYRQ/DVW+DUERUKlWWHQVLH LKQHQ VLFKHU QLFKW YHUZHLJHUW XQG GDV 9HUKlOWQLV ]ZLVFKHQ LKQHQ XQG GHQ &DSSLQV ZlUH KHXWH HLQ JDQ] DQGHUHV 6R DEHU JDE HV HLQHQ =ZDQJ GD]X GLH )UHPGHQ]XEHVWUDIHQ 'DV EHVWlWLJWH VLFK UXQG ]HKQ 7DJH VSlWHU DOV GDV HLJHQV ]X GLHVHP =ZHFN JHJUQGHWH6RQGHUJHULFKWGDV8UWHLOEHUGLH,QYDVRUHQIlOOWH (VIROJWH]ZDUQLFKWGHP$QWUDJGHV6WDDWVDQZDOWVVLH]XP7RGH]XYHUXUWHLOHQ DEHU HV HUK|UWH DXFK QLFKW GLH EHVFKZ|UHQGHQ %LWWHQ GHU 9HUWHLGLJHU GLH 7DWVDFKHDOVVWUDIPLOGHUQGDQ]XVHKHQGDVLFKGDV&DSSLQ9RONGHU7DNHUHULP .ULHJV]XVWDQG PLW GHP 6RODUHQ ,PSHULXP EHIDQG XQG GD GLH &DSSLQV GHU 9$/26&/$1 GHVKDOE MHGH YRQ 7HUUDQHUQ EHZRKQWH :HOW DOV )HLQGZHOW HLQVWXIHQPWHQ $OOH &DSSLQV ZXUGHQ ]X OHEHQVODQJHU +DIW XQG ]XU =ZDQJVDUEHLW LQ GHP %HUJZHUN YHUXUWHLOW GDV VLH VHOEVW KDWWHQ HLQULFKWHQ ODVVHQ XP 7LWDQGLR[LG ]X I|UGHUQ /HVWHU K|UWH GHU 8UWHLOVYHUNQGXQJ PLW JHPLVFKWHQ *HIKOHQ ]X (LQHUVHLWV EUDFKWHHU9HUVWlQGQLVIUGLH5LFKWHUDXIGLHGHQ:LOOHQHLQHUEHUZLHJHQGHQ

0HKUKHLW GHV 9RONHV QLFKW LJQRULHUHQ ZROOWHQ DQGHUHUVHLWV KLHOW HU GLH ³9HUEDQQXQJ GHU &DSSLQV IU HLQH 9HUJHXGXQJ ZHUWYROOHQ :LVVHQV XQG .|QQHQV GDV HLQH DXIVWUHEHQGH :HOW ZLH /DVW +DUERU VLFKHU KlWWH JXW JHEUDXFKHQN|QQHQ (U QDKP VLFK YRU QDFK HLQHU JHZLVVHQ =HLW GDUDXI KLQ]XDUEHLWHQ GD GLH &DSSLQV EHJQDGLJW ZXUGHQ XQG HQWVSUHFKHQG LKUHP :LVVHQ XQG LKUHQ )lKLJNHLWHQHLQJHVHW]WZHUGHQNRQQWHQ ³:RLVWHLJHQWOLFK/DWRU6SLWHUJHEOLHEHQ"HUNXQGLJWHVLFK6LUL.DPEDQG-DUYLV DXIGHPJHPHLQVDPHQ+HLPZHJYRQGHU8UWHLOVYHUNQGXQJ /HVWHUEHUOHJWHZDVHUGDUDXIDQWZRUWHQVROOWH $POLHEVWHQKlWWHHU/DWRUV:LWZHGDV$XIWDXFKHQGHV:HVHQVGDVLKUHPWRWHQ 0DQQ VR ZLH ³DXV GHP *HVLFKW JHVFKQLWWHQ ZDU GD GLH &DSSLQV HV IU /DWRU JHKDOWHQ KDWWHQ YHUVFKZLHJHQ $EHU GD GLH PHLVWHQ .RVPRQDXWHQ HV JHVHKHQ KDWWHQ XQG YRU DOOHP DXFK 6LULV XQG /DWRUV 6RKQ +LUX ZDU HV QLFKW P|JOLFK JHZHVHQ 'LH 6DFKH KDWWH 6LUL JOFNOLFKHUZHLVH QLFKW VR DXIJHUHJW ZLH /HVWHU HV EHIUFKWHWKDWWH6LHZDUHKHUVHKUQHXJLHULJJHZHVHQXQGKlWWHLKQDPOLHEVWHQ VHOEVW JHVHKHQ XQG EHIUDJW 'RFK /DWRU6SLWHU ZDU QDFK GHU /DQGXQJ GHU 67$548((1 DXI /DVW +DUERU VR SO|W]OLFK YHUVFKZXQGHQ JHZHVHQ ZLH HU DXIJHWDXFKWZDU ³9LHOOHLFKWKDWHUVLFKHLQIDFKDXIJHO|VWHUNOlUWHHU ³,FK NDQQ HV QLFKW VDJHQ GD PLU VHLQH 1DWXU ZHLWJHKHQG XQEHNDQQW JHEOLHEHQ ZDU ³$EHU HU PX YRQ $QWLSRGH2QH JHNRPPHQ VHLQ VDJWH +LUX ³1XU GLH 3DUDV\QWKRVKDEHQSVLRQLVFKH)lKLJNHLWHQ ³,FK]ZHLIOHQLFKWGDUDQGDHUYRQGRUWNDPPHLQWH/HVWHU³$OOHUGLQJVVDJWH HUHUZlUHNHLQ3DUDV\QWKR(UVWXW]WH³1HLQHUVDJWHHVDQGHUVNRUULJLHUWH VLFK GHU ,QJHQLHXU QDFKGHQNOLFK ³:|UWOLFK VDJWH HU ,FK ELQ QLFKW HLQ 3DUDV\QWKR ³(U QDQQWH VLFK (VVHQWLDO2SHUDWRU ZDUI VHLQH )UDX 9UL HLQ ³'DV N|QQWH EHGHXWHQ GD HU GLH (VVHQ] DXV %HVWDQGWHLOHQ YLHOHU 3DUDV\QWKRV ZDU QXU ]X GHP=ZHFNHHUVFKDIIHQGLHYRQGHQ&DSSLQVDXVJHKHQGH*HIDKU]XEHVHLWLJHQ ³$EHU ZDUXP LVW HU GDQDFK HLQIDFK YHUVFKZXQGHQ" IUDJWH 6LUL ³(U KlWWH GRFK QRFK IU HLQLJH=HLWEOHLEHQ N|QQHQ VR]XVDJHQDOV %RWVFKDIWHUVHLQHV9RONHV ,FK ZUGH HV EHJUHQ ZHQQ ZLU GDXHUQGHQ .RQWDNW ]X GHQ 3DUDV\QWKRV EHNlPHQ ³(U NRQQWH ZDKUVFKHLQOLFK QLFKW OlQJHU EOHLEHQ VDJWH /HVWHU ³,FK PHUNWH JOHLFK QDFK VHLQHP ]ZHLWHQ $XIWDXFKHQ DXI GHU 67$548((1 GD HU VLFK YHUlQGHUW KDWWH (U ZLUNWH VFKPDOHU XQG KDJHUHU 1XU GDFKWH LFK GDPDOV QLFKW GDUEHU QDFK $EHU VSlWHU EHPHUNWH LFK GD HU ZHLWHU DEQDKP 9HUPXWOLFK NRVWHWHQ LKQ VHLQH SVLRQLVFKHQ $NWLYLWlWHQ 6XEVWDQ] XQG VHLQH EORH ([LVWHQ] ZDKUVFKHLQOLFKDXFK ³(U ZROOWH YLHOOHLFKW DXFK NHLQH XQEHTXHPHQ )UDJHQ EHDQWZRUWHQ PVVHQ PHLQWH 9UL ³'LH 3DUDV\QWKRV N|QQHQ VFKOLHOLFK QXU GDQQ HWZDV EHU GLH

$EVLFKWHQGHU&DSSLQVKLQVLFKWOLFK$QWLSRGH2QHHUIDKUHQKDEHQZHQQVLHLKUH WHOHSDWKLVFKHQ )KOHU QDFK /DVW +DUERU DXVJHVWUHFNW KDWWHQ XQG YLHOOHLFKW QRFK KDEHQ 6LH N|QQHQ QLFKW GDPLW UHFKQHQ GD ZLU HV WROHULHUHQ LQ XQVHUHQ JHKHLPVWHQ*HGDQNHQEHODXVFKW]XZHUGHQ ³,FK JODXEH QLFKW GD VLH GDV WXQ HUZLGHUWH +LUX ³,FK GHQNH YLHOPHKU VLH KDEHQ GLH 3HGRWUDQVIHULHUXQJHQ PLWEHNRPPHQ XQG VHLWGHP GLH *HGDQNHQ GHU &DSSLQV EHODXVFKW XQG DOV VLH KHUDXVIDQGHQ GDVLH $QWLSRGH 2QH YHUQLFKWHQ ZROOWHQVFKXIHQVLH/DWRU6SLWHU ³6R N|QQWH HV JHZHVHQ VHLQ PHLQWH /HVWHU ³,FK JODXEH DXFK QLFKW GD GLH 3DUDV\QWKRV V\VWHPDWLVFK XQVHUH *HGDQNHQ DXVVSLRQLHUHQ /DWRU6SLWHU VDJWH GD HU HLQJHGHQN *ODGD XQG -XQJD XQVHU )UHXQG VHL 6R KLHHQ ODXW &RPSXWHUFKURQLNYRUUXQGWDXVHQG-DKUHQ9RUIDKUHQYRQXQVGLHPDJHEHQGDQ GHU )ULHGHQVUHJHOXQJ PLW GHQ 3DUDV\QWKRV EHWHLOLJW ZDUHQ ,FK KDEH GLH HQWVSUHFKHQGHQ,QIRUPDWLRQHQQDFKGHU5FNNHKUGHU67$548((1DEJHUXIHQ -XQJD ZDU GHU /HLWHU GHU ([SHGLWLRQ QDFK $QWLSRGH2QH XQG *ODGD VHLQH YRQ LKP YHUJ|WWHUWH 6FKZHVWHU ZXUGH YRQ GHQ 3DUDV\QWKRV XPJHZDQGHOW XQG LQWHJULHUW 'DV ZDU QDWUOLFK HLQ *HZDOWDNW DEHU GLH 3DUDV\QWKRV VDKHQ GDV GDPDOV DQVFKHLQHQG DOV +LOIHOHLVWXQJ DQ ELV VLH HLQHV DQGHUHQ EHOHKUW ZXUGHQ ,FK QHKPH DQ GD GDV ZDV YRQ *ODGD -DUYLV LQ GHQ 9HUEXQG GHU 3DUDV\QWKRV HLQJLQJ 9HUVWlQGQLV IU XQV LQ LKQHQ JHZHFNW KDW LQ JHZLVVHP 0DH MHGHQIDOOV ³$EHU ZDUXP OHEHQ VLH GDQQ LVROLHUW ZHLWHU DQVWDWW .RQWDNWH ]X XQV ]X XQWHUKDOWHQ"ZDQGWH6LULHLQ ³:DUXPKDW NHLQH XQVHUHU 5HJLHUXQJHQYHUVXFKW .RQWDNWH ]X GHQ3DUDV\QWKRV ]XNQSIHQ"HUHLIHUWHVLFK+LUX ³(LQH JXWH )UDJH VWHOOWH /HVWHU IHVW ³'LH EHUZLHJHQGH 0HKUKHLW XQVHUHU %UJHU ZLUG ZDKUVFKHLQOLFK YRQ 9RUXUWHLOHQ JHJHQEHU SVLRQLVFK EHJDEWHQ :HVHQEHKHUUVFKWGHVKDOEXQVHUH6FKHXYRU.RQWDNWYHUVXFKHQ 'LH3DUDV\QWKRVVSUHQGLHVH$EQHLJXQJZDKUVFKHLQOLFKXQGKDOWHQVLFKGHVKDOE ]XUFN ³'DVPXVLFKlQGHUQHUNOlUWH+LUX /HVWHU.LRQGLNH]XFNWHGLH6FKXOWHUQ ³'DQQ PWH VLFK YRUKHU HQWZHGHU GLH1DWXU GHV 0HQVFKHQ lQGHUQ RGHUHLQH JHPHLQVDPH *HIDKU PWH EHLGH 9|ONHU GD]X ]ZLQJHQ EHU LKUHQ 6FKDWWHQ ]X VSULQJHQ(UVHXI]WH³:LUZHUGHQGDVPLW6LFKHUKHLWQLFKWPHKUHUOHEHQ $' 7DVKL 2PLVXNR VHW]WH VLFK LP %HWW DXI DOV VLH GXUFK LUJHQG HWZDV JHZHFNW ZXUGH 6WLUQUXQ]HOQG K|UWH VLH GHQ XQGHILQLHUEDUHQ /DXWHQ ]X GLH JHGlPSIW HUW|QWHQ RKQH GD MHPDQG ]X VHKHQ JHZHVHQ ZlUH 6LH HULQQHUWH VLFK YDJH GDUDQ GD GLHVH XQG DQGHUH /DXWH PLW HLQHP JDQ] EHVWLPPWHQ %HJULII EHGDFKW ZXUGHQ RGHU EHGDFKW ZRUGHQ ZDUHQ DEHU VRVHKU VLH LQ LKUHP *HGlFKWQLV GDQDFK VXFKWHVLHIDQGGLHVHQ%HJULIIQLFKW

1DFK HLQHU :HLOH K|UWH 7DVKL DXI GDQDFK ]X VXFKHQ 6LH ZDUI HLQHQ %OLFN DXI GLHXQEHUKUWH%HWWKlOIWHQHEHQVLFKGDQQUXWVFKWHVLH]XU%HWWNDQWHVWUHFNWHGLH %HLQHKLQDXVXQGVWDQGDXI 6LH JLQJ EDUIX DXI GLH RIIHQH 7U ]X GXUFK GLH PDWWHU /LFKWVFKHLQ DXV HLQHP DQGHUHQ5DXPLQV6FKODI]LPPHUGUDQJ *OHLFK GDUDXI VWDQG VLH LP .RUULGRU GHU 9LHU]LPPHUZRKQXQJ GLH VLH JHPHLQVDP PLW LKUHP (KHPDQQ 0ROQDU 2PLVXNR XQG LKUHP GUHL]HKQMlKULJHQ 6RKQ0DUXEHZRKQWH'DV/LFKWNDPDXVGHQYLHUMHNDFKHOJURHQ)OlFKHQGHU 1RWEHOHXFKWXQJ GLH VLFK DXWRPDWLVFK HLQ]XVFKDOWHQ SIOHJWH ZHQQ GLH ]HQWUDOH (QHUJLHYHUVRUJXQJ XQWHUEURFKHQ ZXUGH 'DV DOOHUGLQJV ZXWH 7DVKL QLFKW EH]LHKXQJVZHLVH6LHZXWHHVQLFKWPHKU $OVVLHHLQ3ROWHUQK|UWHILHOGLH(UVWDUUXQJYRQLKUDE6LHJLQJGHP*HUlXVFK QDFKXQGNDPLQGLH.FKHGLHHEHQIDOOVYRQ1RWOLFKWGUIWLJHUKHOOWZXUGH(LQ -XQJH LP 3\MDPD KRFNWH YRU GHP (LQEDXNKOVFKUDQN XQG UlXPWH 3DFNXQJHQ XQG 'RVHQ DXV GLH VLFK DXI GHP )XERGHQ VFKRQ ]X HLQHU NOHLQHQ 3\UDPLGH DXIJHWUPWKDWWHQ 7DVKL HUNDQQWH ]ZDU QLFKW GD VLH VLFK LQ HLQHU .FKH EHIDQG XQG GD HV HLQ .KOVFKUDQN ZDU GHQ GHU -XQJH DXVUlXPWH DEHU EHLP $QEOLFN GHV -XQJHQ ILHO LKUVRIRUWHLQ1DPHHLQ ³0DUXVSUDFKVLHLKQDXV 'HU-XQJH]XFNWHOHLFKW]XVDPPHQGDQQVWDQGHUDXIXQGGUHKWHVLFKXP6HLQH HEHQQRFKVWXPSIEOLFNHQGHQ$XJHQOHXFKWHWHQDXIDOVHU7DVKLVDK ³0DPDVDJWHHUKHLVHU 7DVKL QDKP LKQ LQ GLH $UPH XQG GUFNWH LKQ DQ VLFK (LQ SDDU 7UlQHQ TXROOHQ DXV LKUHQ $XJHQ XQG OLHIHQ GLH :DQJHQ KLQDE 7DVKL ZDU WUDXULJ 'RFK YHUJHEOLFKVDQQVLHGDUEHUQDFKZDVVLHVRWUDXULJVWLPPWH ³0DPD+XQJHUVDJWHGHU-XQJHQDFKHLQHU:HLOH 7DVKL OLH LKQ ORV NQLHWH VLFK DXI GHQ %RGHQ XQG ZKOWH LQ GHQ 'RVHQ XQG 3DFNXQJHQ $XI HLQLJHQ 'RVHQ ZDU DSSHWLWDQUHJHQG DQJHULFKWHWHV 6RMDIOHLVFK DEJHELOGHW7DVKLQDKPHLQHXQGUHLFKWHVLHGHP-XQJHQ ³(VVHQ0DUXVDJWHVLH 0DUXGUHKWHGLH'RVHLQGHQ+lQGHQGDQQELHU]DJKDIWLQLKUHQ5DQG$OVHU QLFKWVGDPLWHUUHLFKWHELHUIHVWHU]XPLWGHP(UJHEQLVGDHUVLFKZHKWDW 0LW HLQHP ZWHQGHQ .QXUUHQ ZDUI HU GLH 'RVH YRQ VLFK 6LH SUDOOWH JHJHQ GHQ $XWRPDWLNKHUG ZDV LKUH g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

'D]XZHQLJ,QKDOWLQGHU'RVHJHZHVHQZDUKDWWHGLH(UKLW]XQJVDXWRPDWLN]X JXWH$UEHLWJHOHLVWHW'HU5HVWLQKDOWZDUEUKHQGKHL 7DVKL NURFK ]X 0DUX GHU LQ]ZLVFKHQ YRU 6FKPHU]HQ ZLPPHUWH XQG YHUVXFKWH XQJHVFKLFNWLKQ]XWU|VWHQ (LQPDO8QWHUEUDFKVLHGLHVH7lWLJNHLWZHLOVLHHLQODXWHV*HUlXVFKJHK|UWKDWWH GDVVLFKLQGHU)ROJH]HLWPHKUPDOVZLHGHUKROWH(VZHFNWH8QOXVWJHIKOHLQLKU REZRKO VLH QLFKW GDKLQWHUNDP ZDV GLH *HUlXVFKH DXVO|VWH XQG ZDV VLH ]X EHGHXWHQKDWWHQ 6FKOLHOLFK ZXUGH HV LKU ]XYLHO 6LH OLH 0DUX ORV VWDQG DXI XQG JLQJ ]X GHU 6WHOOH GHU :DQG YRQ GHU GLH *HUlXVFKH NDPHQ (V KDQGHOWH VLFK XP HLQH UHFKWHFNLJHHWZDVYHUWLHIWH)OlFKH 7DVKLGUFNWHGLH+lQGHGDJHJHQXQGVSUWHHLQH(UVFKWWHUXQJ (UVFKURFNHQIXKUVLH]XUFNXQGULHI ³:DVLVWORV" $XIGHUJURHQ)OlFKHELOGHWHVLFKHLQHNOHLQHUHKHOOH)OlFKHGLHDXI7DVKLZLH HLQHgIIQXQJZLUNWHGHQQVLHVDKGDUDXIGDVZDVVLFKKLQWHUGHUJURHQ)OlFKH YHUEDUJ (LQHQ PLWWHOJURHQ 0DQQ LQ HLQHU KHOOEODXHQ ,QQHQNRPELQDWLRQ XQG PLW YHUVFKZLW]WHP VFKZDU]HQ +DDU XQG YHUVW|UW ZLUNHQGHP *HVLFKW GHU PLW GHU )DXVW³GXUFKGLH³gIIQXQJ]XVFKODJHQVFKLHQ'LH)DXVWNDPMHGRFKQLFKWEHL 7DVKLDQ6WDWWGHVVHQZXUGHGLHJURH:DQGIOlFKHZLHGHUHUVFKWWHUW ³0ROQDU"IUDJWH7DVKL]DJKDIWGHQQVLHHULQQHUWHVLFKQHEXO|VGDUDQGDGLHVHU 0DQQVRKLHXQGPLWLKUYHUKHLUDWHWZDU ³7DVKL" DQWZRUWHWH GHU 0DQQ³,FK KDEH GLFK JHK|UW DEHU LFKVHKHGLFK QLFKW :DVLVWSDVVLHUW",FKZLOOQDFK+DXVH,VWGDVQLFKWGLH7UZRYRULFKVWHKH" ³7U"HFKRWH7DVKL³|IIQHQ (LQ3IHLIWRQHUVFKROOGDQQJOLWWGLHJURH)OlFKHQDFKOLQNVZHJ ³7U ZLHGHUKROWH 7DVKL HUIUHXW GDUEHU GD VLH VLFK DQ GHQ 1DPHQ IU GLH JURH)OlFKHHULQQHUWHXQGGDUEHUGDQLFKWVPHKU0ROQDUGDUDQKLQGHUWH]X LKU]XNRPPHQ 0ROQDU VWROSHUWH KHUHLQ EHUKUWH VLH XQJHVFKLFNW XQG WDVWHWH VLFK DQ GHU .RUULGRUZDQG ZHLWHU ELV ]XU RIIHQHQ .FKHQWU 'LH :RKQXQJVWU SILII XQG VFKORVLFKGDQQZLHGHULKUHNOHLQH)OlFKHKDWWHVLFKZLHGHUYHUGXQNHOW ³3DSDULHI0DUXYRP%RGHQDXV³(VVHQ.RPP ³.RPP ZHLWHU VDJWH -HSX 7RPLWVFKXN XQG SDFNWH GLH +DQG YRQ +LUX .DPEDQG-DUYLVIHVWHU³:LUPVVHQ/HVWHUVXFKHQ ³/HVWHUZLHGHUKROWH+LUXYHUVWlQGQLVORV³6XFKHQ+XQJHU ³'DV DXFK DEHU GDV LVW QLFKW VR ZLFKWLJ HQWJHJQHWH -HSX XQG ]RJ VHLQHQ $GRSWLYEUXGHUHQHUJLVFKKLQWHUVLFKKHU³:LUPVVHQZLVVHQZDVDXIGHU:HOW JHVFKLHKW 'HU'UHL]HKQMlKULJHKDWWH$QJVW $OV HU JHVWHUQ DEHQG LQV %HWW JHJDQJHQ ZDU ZDU GLH :HOW QRFK LQ 2UGQXQJ JHZHVHQ $EHU DOV HU KHXWH PRUJHQ DXIVWDQG KDWWH VLH VLFK LQ HLQHQ $OSWUDXP YHUZDQGHOW

1LHPDQG VFKLHQ PHKU ULFKWLJ DQVSUHFKEDU ]X VHLQ DXFK VHLQH $GRSWLYPXWWHU QLFKW(VZDUDOVZl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lGOLFK ]X PDFKHQ HU ZDU DQVFKOLHHQG DXFK PLW EHUZlOWLJHQGHU 6WLPPHQPHKUKHLW ]XP QHXHQ $GPLQLVWUDWRU YRQ /DVW +DUERU JHZlKOWZRUGHQ -HSX]ZHLIHOWHQLFKWHLQHQ$XJHQEOLFNGDUDQGDHVIU/HVWHUQLFKWVJDEZDVHU QLFKW EHZlOWLJHQ NRQQWH 6REDOG HU LKQ JHIXQGHQ XQG EHU GLH /DJH EHULFKWHW KDWWH ZUGH /HVWHU DOOHV ]XP *XWHQ ZHQGHQ (V PXWH HLQH JDQ] HLQIDFKH /|VXQJIUGDV3UREOHPJHEHQ ³+DOW ULHI LKQHQ HLQH )UDX ]X GLH DXI HLQHP GHU DEJHVFKDOWHWHQ 7UDQVSRUWElQGHU VWDQG XQG VLFK QDFK YRUQ QHLJWH XP HLQHP HLQJHELOGHWHQ )DKUWZLQGHQWJHJHQ]XZLUNHQ³1LFKWIRUWJHKHQ:HJ]HLJHQ 6LHEUDFKLQGLH.QLHDOV-HSXXQG+LUXLQZHLWHP%RJHQXPVLHKHUXPJLQJHQ XQGZHLWHUHLOWHQGDQQILQJVLH]XJUHLQHQDQ ³+XQJHU MDPPHUWH +LUX DOV VLH DQ GHU RIIHQHQ 7U HLQHV $XWRPDWUHVWDXUDQWV YRUEHLNDPHQ³+DSSDKDSSD (V YHUVHW]WH -HSX HLQHQ 6WLFK VHLQHQ %UXGHU VR UHGHQ ]X K|UHQ DOV VHL HU HLQ 6lXJOLQJ(UYHUVXFKWHLKQZHLWHU]X]LHKHQ'RFK+LUXVWUlXEWHVLFKVRHQHUJLVFK GDJHJHQGDHUVFKOLHOLFKQDFKJDE ³%HLPLUEOHLEHQEHIDKOHULKPGDQQEHWUDWHUYRUVLFKWLJGDV5HVWDXUDQW +LUXKLHOWVLFKPLWEHLGHQ+lQGHQDQVHLQHPOLQNHQbUPHOIHVWXQGVFKQXSSHUWH LQ GHU PLW DSSHWLWDQUHJHQGHQ *HUXFKVVWRIIHQ HUIOOWHQ /XIW XPKHU $OOH $XWRPDWUHVWDXUDQWV GHU :HOW ORFNWHQ DXI GLHVH :HLVH *lVWH DQ (FKWH .FKHQJHUFKH JDE HV MD QLFKW GD GLH 5RERWNFKHQ KHUPHWLVFK YHUVLHJHOW ZDUHQ 'LH*DVWVWXEHZDUOHHUXQGVDXEHU +LUX GHXWHWH DXI GLH :HUEH XQG :lKOIOlFKH OLQNV QHEHQ GHU JHVFKZXQJHQHQ 7KHNH -HSX QLFNWH XQG IKUWH VHLQHQ %UXGHU KLQ GDPLW HU JHQDX DXI GDV *HULFKW EH]LHKXQJVZHLVHGHVVHQ%LOGGDUVWHOOXQJ]HLJHQNRQQWHGDVHUKDEHQZROOWH +LUX]HLJWHDXIGLH'DUVWHOOXQJHLQHV%UDWKlKQFKHQVGDQQVWROSHUWHHUYRUZlUWV XQG EHUKUWH GLH $EELOGXQJ ZDV GHQ GDKLQWHU LQVWDOOLHUWHQ 6HQVRU YHUDQODWH GDVEHWUHIIHQGH*HULFKWEHLGHU5RERWNFKHDQ]XIRUGHUQ -HSXWLSSWHHEHQIDOOVGDUDXI (LQH0LQXWHVSlWHU|IIQHWHQVLFK]ZHL.ODSSHQLQGHU7KHNH]ZHL7DEOHWWVPLW MHHLQHP%UDWKlKQFKHQJOLWWHQQDFKREHQXQGUDVWHWHQHLQ

-HSX WDVWHWH DQ GHU 7KHNH JOHLFK QRFK ]ZHL )RXQWDLQ:DWHUV GDQQ JULII HU ]X 0HVVHUXQG*DEHOXPVHLQ+lKQFKHQ]X]HUOHJHQ (UHUU|WHWHYRU9HUOHJHQKHLWDOVHUVDKGD+LUXVHLQ+lKQFKHQLQEHLGH+lQGH QDKPXQGHVPLWGHQ=lKQHQ]HUIOHLVFKWH 'DVZDUEDUEDULVFK -HSX PXWH VLFK HUVW ZLHGHU GDUDQ HULQQHUQ GD HV QLFKW +LUXV $UW ZDU XQNXOWLYLHUW]XHVVHQVRQGHUQGDHULQVHLQHP=XVWDQGJDUQLFKWDQGHUVKDQGHOQ NRQQWHXQGDXFKQLFKWGDIUYHUDQWZRUWOLFKJHPDFKWZHUGHQGXUIWH 'HQQRFKVDKHUVLFKLPPHUZLHGHUYHUVWRKOHQXPREQXUMDQLHPDQGGD]XNlPH $EHUHVNDPQLHPDQG (UVW DOV +LUX DOOH 6\QWKRNQRFKHQ DEJHQDJW XQG DXI GHQ %RGHQ JHZRUIHQ KDWWH XQG QDFK HLQHP JURHQ 6FKOXFN )RXQWDLQ:DWHU GRQQHUQG DXIVWLH QlKHUWHQ VLFKGUDXHQGUHL0lQQHU 6LH ZDUHQ PLWWOHUHQ $OWHUV 9RU GHU QRFK LPPHU RIIHQHQ 7U GHV $XWRPDWUHVWDXUDQWV EOLHEHQ VLH VWHKHQ JORW]WHQ PLW JODVLJHQ $XJHQ KHUHLQ XQG YHUVWlQGLJWHQVLFKGDQQODOOHQGXQGJULQVHQG ³.RPPJHKHQVDJWH-HSX]XVHLQHP%UXGHUGHQQLKPVFKZDQWH8QKHLO ³1HLQ SURWHVWLHUWH +LUX XQG GHXWHWH DEHUPDOV DXI GLH $EELOGXQJ GHV %UDWKlKQFKHQV³+XQJHU -HSX ]RJ LKQ DP bUPHO +LUX VWUlXEWH VLFK 'DEHL IHJWH HU PLW HLQHU $UPEHZHJXQJ YHUVHKHQWOLFK GLH EHLGHQ 7ULQNJOlVHU YRQ GHU 7KHNH 6LH VFKHSSHUWHQODXWEHUGHQ%RGHQ 'DVVFKLHQGLHGUHLDQGHUHQ%HVXFKHUDQ]XVWDFKHOQ 6LH VWDSIWHQ KHUHLQ GUFNWHQ ZDKOORV DXI ]DKOUHLFKH $EELOGXQJHQ WDVWHWHQ DOOH P|JOLFKHQ *HWUlQNH URFKHQ GDUDQ XQG WUDQNHQ GLH PLW GHP K|FKVWHQ $ONRKROJHKDOW 'DQDFK VFKOHXGHUWHQ VLH GLH OHHUHQ *OlVHU JHJHQ GLH :lQGH QDKPHQ GLH 7DEOHWWVPLWGHQVFKRQ³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|KQOLFKH 'LHQVWURERWHU DEHU VLH VFKLHQHQ GDUDXI SURJUDPPLHUW ]X VHLQNHLQHQ%HVXFKHUHLQ]XODVVHQ

³'LH $GPLQLVWUDWLRQ LVW KHXWH JHVFKORVVHQ HUNOlUWH HLQHU GHU KRPLQLG JHIRUPWHQ5RERWHU³%LWWHJHKHQ6LHZHLWHU ³:LU PVVHQ DEHU GHQ $GPLQLVWUDWRU VSUHFKHQ VDJWH -HSX ³(U NHQQW XQV JXW :LUVLQG+LUXXQG-HSX.DPEDQG-DUYLV

³,FKVWHOOHIHVWGD6LHQLFKWYHUGXPPWVLQGHUZLGHUWHGHU5RERWHU³,QGLHVHP )DOOGDUILFK6LHKLQHLQEHJOHLWHQ'HUDQGHUHMXQJH0DQQDEHULVWRIIHQEDUQLFKW PHKUQRUPDO(UPXGUDXHQEOHLEHQ ³$OOHLQ ZlUH HU KLOIORV HQWJHJQHWH -HSX ³,FK PX PLFK XP LKQ NPPHUQ (U LVWPHLQ%UXGHU/DLKQPLWKLQHLQ(UWXWQLHPDQGHPHWZDV ³,FKPXDQIUDJHQVDJWHHU5RERWHU $QVFKHLQHQGWDWHUGDVEHUHLQHQDQGHUHQ5RERWHUPLW+LOIHVHLQHUHLQJHEDXWHQ )XQNDQODJHGHQQHUVSUDFKQLFKW-HSXEHUOHJWHZDVHUZRKOPLW³YHUGXPPW JHPHLQWKDEHQN|QQWH:XUGHVRRIIL]LHOOGHU=XVWDQGJHQDQQWGHUGLHPHLVWHQ %UJHUGHU:HOWEHWURIIHQKDWWH" ³,KU GUIW EHLGH HLQWUHWHQ VDJWH GHU 5RERWHU ZHQLJ VSlWHU ³$GPLQLVWUDWRULQ 6FRE\5HVQLNOlWELWWHQ ³$GPLQLVWUDWRULQ" HFKRWH -HSX YHUEOIIW ³6FRE\5HVQLN" $EHU GLH :HOW ZLUG YRQHLQHP$GPLQLVWUDWRUYHUZDOWHWXQGGHUKHLW/HVWHU.LRQGLNH ³/HVWHU.LRQGLNHLVWYHUGXPPWVWHOOWHGHU5RERWHUIHVW³%LWWHIROJHQ6LHPLU (UGUHKWHVLFKXPXQGPDUVFKLHUWHGDYRQ-HSXXQG+LUXEOLHEJDUQLFKWVDQGHUHV EULJDOVLKP]XIROJHQ 'LH *HElXGH GHU $GPLQLVWUDWLRQ VFKLHQ OHHU ]X VHLQ 1LHPDQG EHJHJQHWH GHP 5RERWHUXQGGHQEHLGHQ%HVXFKHUQ 0RKL 6FRE\5HVQLN HUZDUWHWH VLH EHUHLWV YRU GHU 7U ]XP =LPPHU GHV $GPLQLVWUDWRUV'LHEHLGHQ-XQJHQNDQQWHQGLH&KHIDVVLVWHQWLQJXW,KUH7RFKWHU 7LVL JHK|UWH ]X LKUHP 8QWHUULFKWVNUHLV $XHUGHP KDWWHQ VLH /HVWHU RIW DQ VHLQHP$UEHLWVSODW]EHVXFKW ³-HSX+LUXULHI0RKLEHZHJW³'XELVWGHU,PPXQH-HSXQLFKWZDKU"-DLFK VHKHHV$UPHU+LUX:LHJHKWHV]X+DXVH" ³0DPDLVWNUDQNDQWZRUWHWH-HSX³6LHZROOWHKHXWHQLFKWDXIVWHKHQ ³'D KDW VLH DEHU *OFN PHLQWH 0RKL ³'LH PHLVWHQ 9HUGXPPWHQ VLQG DNWLY JHEOLHEHQ LUUHQ XPKHU XQG YHUXQJOFNHQ RIW (V JLEW DEHU QRFK VFKOLPPHUH )lOOH ZR GLH 0HQVFKHQ DJJUHVVLY JHZRUGHQ VLQG XQG DQGHUH 0HQVFKHQ YHUOHW]HQRGHUVRJDUW|WHQ ³%HL+RW%HDVWHQWIXKUHV-HSX³6LHW|WHQDQGHUH0HQVFKHQ" ³,Q $XVQDKPHIlOOHQ ZLHJHOWH 0RKL DE ³,Q]ZLVFKHQ KDEHQ ZLU DOOH $UEHLWV XQG'LHQVWURERWHUVRSURJUDPPLHUWGDVLHDOV6LFKHUKHLWVSDWURXLOOHQ'LHQVWWXQ XQG GLH VFKOLPPVWHQ )lOOH SDUDO\VLHUHQ 'LH /DJH ZLUG GHQQRFK LPPHU VFKOLPPHU ZHUGHQ GHQQ GLH )DEULNHQ VLQG VWLOOJHOHJW GLH K\GURSRQLVFKHQ *lUWHQ VLQG RKQH $XIVLFKW XQG GDV 7UDQVSRUWZHVHQ LVW ]XVDPPHQJHEURFKHQ :HQQ QLFKW EDOG HLQ :XQGHU JHVFKLHKW VWHUEHQ GLH 0HQVFKHQ DXI /DVW +DUERU DXV ³6R VFKOLPP LVW HV" ULHI -HSX YROOHU 3DQLN ³$EHU GDJHJHQ PVVHQ ZLU GRFK HWZDV WXQ 0RKL:DVLVWPLW/HVWHU",VWHU WDWVlFKOLFKYHUGXPPWXQGZDVLVW

9HUGXPPXQJHLJHQWOLFK" ³-DHULVWHEHQIDOOVYHUGXPPWDQWZRUWHWH0RKL³,FKNRQQWHQLFKWPHKUWXQDOV LKQ SDUDO\VLHUHQ XQG HLQVSHUUHQ ODVVHQ ZLH GLH PHLVWHQ 0LWDUEHLWHULQQHQ XQG 0LWDUEHLWHU GHU $GPLQLVWUDWLRQ 8QG ZDV 9HUGXPPXQJ LVW ZLOO LFK HXFK YRUIKUHQ 6LH JLQJ LQV $UEHLWV]LPPHU GHV $GPLQLVWUDWRUV ² EH]LHKXQJVZHLVH GHU $GPLQLVWUDWRULQ 'RUW VD GHU IUKHUH $GPLQLVWUDWRU 0XURUH *XE YRU HLQHU %DWWHULH YRQ 6LVLSKRQHQ XQG IKUWH JOHLFK]HLWLJ PHKU DOV HLQ 'XW]HQG *HVSUlFKH 'D GLH %LOGVFKLUPH QXU 6\PEROH XQG =LIIHUQ ]HLJWHQ ZDUHQ VHLQH *HVSUlFKVSDUWQHU 5RERWHURGHU3RVLWURQLNHQ ³,FKZXWHJDUQLFKWGD0XURUHILQJ-HSXDQ ³(UZlUHQRFKLQVWDWLRQlUHU%HKDQGOXQJKlWWHVLFKQLFKWKHUDXVJHVWHOOWGDHU ]X GHQ ,PPXQHQ JHK|UW ZLH GX XQG LFK HUNOlUWH 0RKL ³6HLQ *UXQGOHLGHQ EHVWHKW]ZDUQRFKLPPHUDEHULQDEJHVFKZlFKWHU)RUPXQGHUNDQQXQVVHKU YLHOKHOIHQ -HSX ZXWH ZDV 0RKL PLW ³*UXQGOHLGHQ JHPHLQW KDWWH 0XURUH *XE ZDU VFKL]RSKUHQVHLWGHU&DSSLQQDPHQV*DIVRUVHLQ%HZXWVHLQEUXWDOXQWHUGUFNW XQGVHLQHQ.|USHUEHKHUUVFKWKDWWH ³.RPPW ULHI 0RKL YRQ HLQHU *HKHLPWU DXV GLH VLFK ]ZLVFKHQ ]ZHL %FKHUZlQGHQJH|IIQHWKDWWH ³(LQH*HKHLPWUULHI-HSXEHUUDVFKWZlKUHQGHUZLHGHU+LUXKLQWHUVLFKKHU ]RJ³'DYRQZXWHLFKJDUQLFKWV ³'LH &DSSLQV KDWWHQ GLH 7U XQG GLH 6FKQHOOYHUELQGXQJ ]XU 5DXPVFKLIIVZHUIW DQOHJHQ ODVVHQ HUOlXWHUWH 0RKL ZlKUHQG VLH GHQ -XQJHQ LQ HLQHQ .RUULGRU YRUDXVHLOWH XQG VLFK LQ HLQHQ YLHUUlGULJHQ (OHNWURZDJHQ VHW]WH ³:LU EHVFKORVVHQ QDFK /HVWHUV $PWVDQWULWW LKQ HEHQIDOOV JHKHLP]XKDOWHQ IU 1RWIlOOH $OV GLH EHLGHQ -XQJHQ ]XJHVWLHJHQ ZDUHQ VWDUWHWH VLH GHQ :DJHQ 0LW KRKHU *HVFKZLQGLJNHLW UDVWH HU HLQHQ VFKQXUJHUDGHQ .RUULGRU HQWODQJ HWZD ]HKQ 0LQXWHQ ODQJ 'DQQ VWRSSWH 0RKL GLH )DKUW VWLHJ DXV XQG |IIQHWH HLQH ]ZHLWH *HKHLPWU $OV -HSX LKU PLW +LUX IROJWH NDP HU LQ GHU +DOOH KHUDXV LQ GHU GLH 67$548((1 VWDQG XQG ELV JHVWHUQ DXI GHQ NXU] EHYRUVWHKHQGHQ )OXJ ]XP YLHUWHQ3ODQHWHQYRUEHUHLWHWZRUGHQZDU 0RKL IKUWH VLH KLQDXI LQ GLH .RPPDQGR]HQWUDOH hEHUDOO EHJHJQHWHQ VLH XQWHUZHJV EHZDIIQHWHQ$UEHLWVURERWHUQXQGLQGHU.RPPDQGR]HQWUDOHVWDQGHQ DXFK IQI ² PLW 3DUDO\VDWRUHQ LQ GHQ +lQGHQ 6LH VFKLHQ 6HWDQ 'HZDU ]X EHZDFKHQGHUYRUGHP+\SHUIXQNDJJUHJDWVD ³$XFK HU KDW VLFK DOV LPPXQ HUZLHVHQ HUNOlUWH 0RKL GHQ -XQJHQ IOVWHUQG ³$EHU VHLQH 6FKL]RSKUHQLH LVW VFKOLPPHU 'HVKDOE PX HU VWlQGLJ EHZDFKW ZHUGHQ ³:RVLQGHLJHQWOLFKGLH.DPSIURERWHU"IUDJWH-HSX ³6LH PXWHQ DOOH GHVDNWLYLHUW ZHUGHQ DQWZRUWHWH 0RKL 6FRE\5HVQLN ³,KUH

3RVLWURQLNHQ HQWKDOWHQ ELRORJLVFK OHEHQGH =XVlW]H XQG ILHOHQ GHVKDOE DXFK GHU 9HUGXPPXQJ]XP2SIHU 6HWDQEHNDPVRHEHQHLQHQVWDUNHQ6HQGHUKHUHLQ ³GHU 'XUFKVDJH HUNOlUWH HLQH EHKHUUVFKW XQG HQHUJLVFK NOLQJHQGH 0lQQHUVWLPPH ³'LH $XI]HLFKQXQJ ZLUG SDXVHQORV IU GLH 'DXHU YRQ YRUHUVW DFKWXQGYLHU]LJ6WXQGHQDEJHVSLHOW $FKWXQJ+LHUVSULFKW3HUU\5KRGDQ*URDGPLQLVWUDWRUGHV6RODUHQ,PSHULXPV ,FK ZHQGH PLFK DQ GLH $QJHK|ULJHQDOOHU JDODNWLVFKHQ =LYLOLVDWLRQHQ GLH PLFK YHUVWHKHQN|QQHQ(VLVWHLQ1RWIDOOHLQJHWUHWHQ(LQ*HELOGHGDVZLU6FKZDUP QHQQHQLVWLQGLH*DOD[LV0LOFKVWUDHHLQJHGUXQJHQ(UHQWKlOWVFKlW]XQJVZHLVH DFKWKXQGHUWWDXVHQG 6RQQHQ XQG 3ODQHWHQ XQG HWZD GLH GRSSHOWH $Q]DKO YRQ 5DXPVFKLIIHQ 'LHVHU 6FKZDUP KDW GLH $XVPDH HLQHU .OHLQJDOD[LV XQG LVW LQ HLQHQVRJHQDQQWHQ6FKPLHJHVFKLUPJHKOOW 6HLQH $EVLFKWHQ VLQG QRFK Y|OOLJ XQNODU DEHU DOOHLQ VHLQH $QZHVHQKHLW KDW ]X HLQHU NDWDVWURSKDOHQ 9HUlQGHUXQJ GHU )QI')HOGOLQLHQ*UDYLWDWLRQVNRQVWDQWH GHU JHVDPWHQ *DOD[LV JHIKUW 6LH ZXUGH XP JHQDX 0HJDNDOXS UHGX]LHUW ZDV HLQH VRJHQDQQWH 9HUGXPPXQJ GHV EHUZLHJHQGHQ 7HLOHV DOOHU /HEHZHVHQ YHUXUVDFKWH (V JLEW MHGRFK EHUDOO VRJHQDQQWH ,PPXQH GLH QLFKW YRQ GHU 9HUGXPPXQJ EHWURIIHQ VLQG (EHQIDOOV QLFKW EHWURIIHQ VLQG 0HQWDOVWDELOLVLHUWH XQG SDUDSV\FKLVFK EHJDEWH /HEHZHVHQ VRZLH 3RVLWURQLNHQ RKQH ELRORJLVFK OHEHQGH 3ODVPD]XVlW]H 'LH :LVVHQVFKDIWOHU GHV 6RODUHQ ,PSHULXPV HPSIHKOHQ DOOHQ ,PPXQHQ VLFK PLWWHOV)XQNJHJHQVHLWLJ]XYHUVWlQGLJHQXQGVLFK]XKDQGOXQJVIlKLJHQ*UXSSHQ ]XVDPPHQ]XVFKOLHHQ GLH VLFK GLH $XIJDEHQ VWHOOHQ VROOWHQ GLH 9HUGXPPWHQ YRU VLFK VHOEVW XQG YRU GHQ *HIDKUHQ HLQHU 7HFKQLN ]X VFKW]HQ GLH VLH QLFKW PHKUEHKHUUVFKHQN|QQHQ 5RERWHURKQH3ODVPD]XVlW]HVROOWHQDOV+LOIVNUlIWHIUDOOH$XIJDEHQHLQJHVHW]W ZHUGHQ YRUGULQJOLFK DEHU GD]X GLH 3URGXNWLRQVVWlWWHQ IU /HEHQVPLWWHO ]X ZDUWHQ XQG YRU 3OQGHUHUQ ]X VFKW]HQ (V ZLUG HLQGULQJOLFK GDYRU JHZDUQW $QJHK|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hEHUHLQNRPPHQ PLW GHQ %HKHUUVFKHUQ GHV 6FKZDUPV ]X HU]LHOHQ RGHU DEHU GLH OHEHQVEHGURKHQGHQ $NWLYLWlWHQ GHV 6FKZDUPV HLQ]XGlPPHQ XQG LKQ OHW]WHQ (QGHVDXVGHU0LOFKVWUDH]XYHUWUHLEHQ 'DVLVWGDV(QGHGHU'XUFKVDJH'LH$XI]HLFKQXQJZLUGSDXVHQORVIUGLH'DXHU YRQYRUHUVWDFKWXQGYLHU]LJ6WXQGHQDEJHVSLHOW ³'XNDQQVWDEVFKDOWHQ6HWDQVDJWH0RKL

$OVHVVWLOOJHZRUGHQZDUHUNOlUWH-HSX ³3HUU\ 5KRGDQ OHEW DOVR (U LVW DXV *UXHOILQ ]XUFNJHNHKUW 8QG HU KDW XQV JHVDJW GD DXHU GHQ ,PPXQHQ DXFK SDUDSV\FKLVFK %HJDEWH QLFKW YRQ GHU 9HUGXPPXQJEHWURIIHQVLQG 'LH JHIDQJHQHQ &DSSLQV VLQG GRFK SDUDSV\FKLVFK EHJDEW DXFK ZHQQ VLH NHLQH 3HGRWUDQVIHULHUXQJ PHKU GXUFKIKUHQ N|QQHQ :LU PVVHQ VLH DXV GHP %HUJZHUNKROHQGDPLWVLHXQVKHOIHQGLH=HLWGHU9HUGXPPXQJ]XEHUVWHKHQ $' 7DJHEXFK+LUX.DPEDQG-DUYLV ³(V LVW EHLQDKH HLQ :XQGHU 6FKRQ ZHQLJH 7DJH QDFK GHP $XVEUXFK GHU 9HUGXPPXQJ GXUFK GLH 5HGX]LHUXQJ GHU )QI')HOGOLQLHQ *UDYLWDWLRQVNRQVWDQWH YHUPLQGHUWH VLH VLFK LQ GHU :HOW ZLHGHU Zl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|QQWHQ *UXSSHQ YRQ GHU ([LVWHQ] GHU :HOW HUIDKUHQ GLH VLFK YRQ YHUEUHFKHULVFKHQ%HZHJJUQGHQ OHLWHQ ODVVHQXQG YLHOOHLFKWKLHUKHUNlPHQXP XQVDXV]XSOQGHUQ ,FKPXYHUVXFKHQ0RKLZLHGHUXP]XVWLPPHQ ,FKKDOWHQLFKWVGDYRQEHUHLOWGLHELVKHULJH,VRODWLRQ/DVW+DUERUV]XEHHQGHQ :LUVROOWHQ]XPLQGHVWHUVWHLQPDODOOH6FKlGHQEHVHLWLJHQGLHZlKUHQGGHU=HLW GHU 9HUGXPPXQJ HQWVWDQGHQ VLQG ² XQG GDQQ VROOWHQ ZLU OHUQHQ XQG QHXH 7HFKQRORJLHQHQWZLFNHOQGLHGD]XEHLWUDJHQXQVHUH5FNVWlQGLJNHLWJHJHQEHU VROFKHQ+LJK7HFK:HOWHQZLH7HUUDDE]XEDXHQ 9RU DOOHP GLH &DSSLQV N|QQWHQ XQV ZHVHQWOLFK GDEHL KHOIHQ ,FK ELQ VHKU IURK GDUEHUGDVLHJOHLFKLQGHQHUVWHQ7DJHQGHU9HUGXPPXQJDXVGHP%HUJZHUN JHKROW XQG EHGLQJW IUHLJHODVVHQ ZXUGHQ 'XUFK LKUH ,PPXQLWlW JHJHQ GLH 9HUGXPPXQJ ZDUHQ VLH LQ GHQ NULWLVFKHQ 7DJHQ ZHUWYROOH +HOIHU IU XQV ,FK KRIIHGDGLH$GPLQLVWUDWLRQVLHYROOUHKDELOLWLHUHQZLUG 5DVWRUGHU&KHIZLVVHQVFKDIWOHUGHVWDNHULVFKHQ6FKODFKWVFKLIIV9$/26&/$1 KDW PLFK QDFK XQG QDFK PLW GHU *HQHWLNXQGGHU *HQWHFKQLN YHUWUDXW JHPDFKW

(U ZHL PHKU GDYRQ DOV XQVHUH EHVWHQ ,1)26 *HVWHUQ HUNOlUWH HU PLU ZHOFKH SRVLWLYHQ9HUlQGHUXQJHQHLQHIRUWJHVFKULWWHQH*HQWHFKQLNKHUEHLIKUHQN|QQWH ,FKEHNDPHLQHQ$XVEOLFNLQHLQHSKDQWDVWLVFKH=XNXQIW +RIIHQWOLFK GDUI LFK ZHLWHUKLQ VHLQ 6FKOHU VHLQ :HQQ HV LKP JHVWDWWHW ZLUG ZLOO HU HLQ ,QVWLWXW IU *HQWHFKQLN JUQGHQ XQG QLFKW QXU *HQWHFKQLNHU DXVELOGHQVRQGHUQDXFKV\VWHPDWLVFKQHXH7LHUXQG3IODQ]HQDUWHQHUVFKDIIHQ 6HLQ JU|WHV XQG JHKHLPHV =XNXQIWV]LHO DEHU GDV LFK QXU PHLQHP 7DJHEXFK DQYHUWUDXH LVW HV GXUFK JHQFKLUXUJLVFKH (LQJULIIH GLH )RUWSIODQ]XQJVVFKUDQNH ]ZLVFKHQ 0HQVFKHQ XQG &DSSLQV ]X GXUFKEUHFKHQ XQG GDPLW IUXFKWEDUH (KHQ YRQ0HQVFKHQXQG&DSSLQV]XHUP|JOLFKHQ ,FKKDEHPLFKGD]XHQWVFKORVVHQLQWHQVLY]XOHUQHQGDPLWLFKVSlWHUJHPHLQVDP PLW5DVWRUGLHVHV=LHOYHUIROJHQNDQQ 0HQVFKHQXQG&DSSLQVZHUGHQ]XHLQHUQHXHQ$UWYHUVFKPHO]HQ 'DV8QLYHUVXPLVWZXQGHUYROO $' 'LH 67$548((1 WDXPHOWH LP IUHLHQ )DOO GXUFK GHQ :HOWUDXP 6LH ZDU QXU QRFKHLQJU|WHQWHLOV DXVJHJOKWHV PDQ|YULHUXQIlKLJHV:UDFNGDVNHLQ/HEHQ PHKUEHKHUEHUJWH 6RVFKLHQHVMHGHQIDOOV $EHUHVVWLPPWHQLFKWJDQ] ,Q GHU .RPPDQGR]HQWUDOH KDWWHQ ]ZHL 0HQVFKHQ EHUOHEW GHU 0LVVLRQVFKHI -HSX.DPEDQG-DUYLVXQGGHU.RPPDQGDQW+HWRU2PLVXNR 6LH YHUGDQNWHQ LKU /HEHQ HLQHP =XIDOO $OV GHU OHW]WH 7UHIIHU DXV GHP ,PSXOVJHVFKW] HLQHV hEHUVFKZHUHQ6FKLIIHV GLH =HQWUDOH YHUZVWHWH XQG GLH EULJH =HQWUDOH%HVDW]XQJ W|WHWH KDWWHQ VLFK LKUH .RQWXUVHVVHO ORVJHULVVHQ XQG ZDUHQ]XVDPPHQJHSUDOOW 'DGXUFK KDWWHQ VLFK GLH 3DUDWURQVFKLUPH LKUHU 6HVVHO EHUODSSW XQG YHUVWlUNW 'LH EHLGHQ 0lQQHU ZDUHQ GHP 6FKLFNVDO GHU 9HUDVFKXQJ HQWJDQJHQ $EHU VLH ZQVFKWHQVLFKVLHZlUHQPLWLKUHQ)UHXQGHQ]XVDPPHQJHVWRUEHQGHQQGDQQ EUDXFKWHQ VLH QLFKW YLHOH 6WXQGHQ DXI GHQ 7RG ]X ZDUWHQ GHU DXI DOOH )lOOH XQDElQGHUOLFKZDU -HSXEHREDFKWHWHGDV*HVLFKW+HWRUV(UKDWWHGLH$XJHQJHVFKORVVHQXQGUKUWH VLFKQLFKW :DKUVFKHLQOLFKZLOOHULQ5XKHJHODVVHQZHUGHQEHUOHJWH-HSX (U VFKOR HEHQIDOOV GLH $XJHQ XQG OLH GLH (UHLJQLVVH GHU OHW]WHQ -DKUH DQ VHLQHPJHLVWLJHQ$XJHYRUEHU]LHKHQ 2GHU YLHOPHKU GLH (UHLJQLVVH GHU OHW]WHQ -DKU]HKQWH GHQQ GLH 2NNXSDWLRQ GHU *DOD[LV 0LOFKVWUDH GXUFK GDV +HWRV GHU 6LHEHQ KDWWH VFKRQ YRU -DKUHQ EHJRQQHQ LP -DKUH $' +HXWH VFKULHE PDQ GDV -DKU $' XQG ZLHGHU HLQPDO ZDUHQ DOOH VFK|QHQ 7UlXPH GHU ]LYLOLVLHUWHQ 0LOFKVWUDHQY|ONHU ]HUURQQHQ -HSX GDFKWH QRFK HLQH =HLWVSDQQH ZHLWHU ]XUFN ELV ]XP -DKUH $' LQ GHP HU HUVW -DKUH DOW JHZHVHQ ZDU ,Q GLHVHP -DKU KDWWH GHU 6FKZDUP GLH

0LOFKVWUDHZLHGHUYHUODVVHQ'DPDOVZDUHLQ&KDRV]XUFNJHEOLHEHQ 'LH $GPLQLVWUDWRULQ 0RKL 6FRE\5HVQLN KDWWH LKUH XUVSUQJOLFKH $EVLFKW +\SHUIXQNNRQWDNWPLW3HUU\5KRGDQXQGGDPLWPLWGHU0HQVFKKHLWGHV6RODUHQ ,PSHULXPVDXI]XQHKPHQDXI'UlQJHQGHU6NHSWLNHUIDOOHQJHODVVHQGLHYRQGHP &KDRV*HIDKUHQIUGLHNOHLQHXQGXQJHVFKW]WH:HOW/DVW+DUERUEHIUFKWHWHQ 1DFKWUlJOLFKJDE-HSXGHQ6NHSWLNHUQUHFKW (U KDWWH GLH (QWZLFNOXQJ GUDXHQ LQ GHU 0LOFKVWUDH GXUFK $EK|UHQ GHU +\SHUNRPVHQGXQJHQ PLWYHUIROJW XQG VR YRQ GHU VFKZHUHQ LQQHQSROLWLVFKHQ .ULVH GHV 6RODUHQ ,PSHULXPV HUIDKUHQ GDQDFK YRQ GHU $VSRUFR.ULVH XQG GHU JLJDQWLVFKHQ $QVWUHQJXQJ GHV GXUFK GHQ 6FKZDUP JHEHXWHOWHQ XQG YHUDUPWHQ 6RODUHQ ,PSHULXPV XP GDV 9RON GHU $VSRUFRV ]X UHWWHQ XQG VSlWHU ZDU GLH ,QYDVLRQGHU3DUDPDJVHUIROJW 'DV DOOHV KDWWH GHQ ,VRODWLRQLVWHQ DXI /DVW +DUERU LPPHU PHKU 2EHUZDVVHU JHJHEHQ XQG EDOG ZDU GHU *UXQGVDW] GDV JDODNWLVFKH *HVFKHKHQ QXU DOV =XVFKDXHU ]X YHUIROJHQ VHOEVW DEHU QLH LQ (UVFKHLQXQJ ]X WUHWHQ LQ GLH 9HUIDVVXQJGHU:HOWHLQJHJDQJHQ $XFK GLHVH (QWZLFNOXQJ PXWH -HSX LP 1DFKKLQHLQ DOV ULFKWLJ HLQVWXIHQ REZRKO HU GDPDOV KHIWLJ GDJHJHQ DQJHNlPSIW KDWWH $EHU RKQH GLH ,VRODWLRQ ZlUH /DVW +DUERU PHKU DOV HLQPDO LQ .RQIOLNWH KLQHLQJH]RJHQ ZRUGHQ GLH IU GLHHLJHQH:HLWHUHQWZLFNOXQJE|VH5FNVFKOlJHEHGHXWHWKlWWHQ 6R NRQQWH VLFK GLH :HOW ]X HLQHU ]ZDU NOHLQHQ DEHU YRP /HEHQVVWDQGDUG KHU ZRKOKDEHQGHQIULHGOLFKHQ2DVHLP$OOHQWZLFNHOQLQGHU7HFKQLN8PZHOWXQG /HEHQVJHIKOLQ(LQNODQJPLWHLQDQGHUVWDQGHQ ,Q GLHVHU 3KDVH EHVFKUlQNWH VLFK GLH 5DXPIDKUW DXI 6WDUEHG GDV 6WHUQHQQHVW LQQHUKDOE GHU 'XQNHOZRONH GLH &RXUWDLQ 9RUKDQJ JHWDXIW ZRUGHQ ZDU 'HU *DVULHVH +RW %HDVW XP GHQ /DVW +DUERU DOV 0RQG NUHLVWH ZXUGH DXV 2UELWDOHQ%DKQHQVRZLHPLW5RERWVRQGHQHUIRUVFKWGHVJOHLFKHQGLHDQGHUHQ 0RQGH 'LH VPDUDJGJUQH 6RQQH (PHUDOG ZXUGH YRQ 5DGLRWHOHVNRSHQ XQG YRQ 6RQQHQVDWHOOLWHQ LKUHU *HKHLPQLVVH EHUDXEW 'LH 67$548((1 ODQGHWH DXI LKUHU LQVJHVDPW 3ODQHWHQ 1XPPHU YLHU 6HTXHQ]D ZXUGH GDJHJHQ HUVW ]LHPOLFKVSlWHUNXQGHW'LH0HQVFKHQYRQ/DVW3RUWHPSIDQGHQHLQHWLHIH6FKHX GDYRU GLHVH YHUGDPPWH WRWH :HOW QlKHU NHQQHQ]XOHUQHQ ² XQG GHQ &DSSLQV JLQJHVHEHQVR (LQOHLVHV /l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lIWHQHLQJHVHW]WXQGZDUHQLQIROJH

LKUHU .HQQWQLVVH XQG WHFKQLVFKZLVVHQVFKDIWOLFKHQ %HJDEXQJ EDOG ]X DQJHVHKHQHQ+HOIHUQGHU0HQVFKHQYRQ/DVW+DUERUJHZRUGHQ 8QGVFKOLHOLFKKDWWHGLH*HVHOOVFKDIWVLHY|OOLJLQWHJULHUW 'DVZDUDEHUQRFKQLFKWDOOHVJHZHVHQ +LUX .DPEDQG-DUYLV KDWWH VLFK YRQ 5DVWRU ]X HLQHP H[]HOOHQWHQ *HQHWLNHU DXVELOGHQ ODVVHQ XQG HU KDWWH VFKOLHOLFK VRJDU VHLQ K|FKVWHV =LHO HUUHLFKW )UXFKWEDUH 9HUELQGXQJHQ ]ZLVFKHQ 0HQVFKHQ XQG &DSSLQV GXUFK JHQFKLUXUJLVFKH (LQJULIIH ZDUHQ JHVFKDIIHQ ZRUGHQ 8QG HU KDWWH GLHVHV =LHO HUUHLFKWDOVGDIUGHUJU|WH%HGDUIEHVWDQG $EHUVFKRQGUHL]HKQ-DKUHQDFKGHP$E]XJGHV6FKZDUPHVHQWJLQJ/DVW+DUERU PLW NQDSSHU 1RW HLQHU *HIDKU GLH EHLQDKH GLH JDQ]H 0LOFKVWUDH HQWY|ONHUW KlWWH 'DV VRJHQDQQWH .RVPLVFKH 6FKDFKVSLHO ]ZLVFKHQ GHU 6XSHULQWHOOLJHQ] (6 XQG LKUHP *HJHQVSLHOHU $QWL(6 EHJDQQ ,P *HIROJH GDYRQ JUDVVLHUWH GLH 3$' 6HXFKH DXI 7HUUD XQG GHQ 0HQVFKKHLWVZHOWHQ XQG JULII VSlWHU DXFK DXI DQGHUH 0LOFKVWUDHQY|ONHUEHU +lWWH HV ]X MHQHU =HLW QLFKW GHQ JHQLDOHQ +\SHUSK\VLNHU 9HVUXQ 7URRJHU JHJHEHQGHU]XJOHLFKDFKW-DKUHODQJ$GPLQLVWUDWRUJHZHVHQZDUZlUHHVDXFK DXI/DVW+DUERU]XP$XVEUXFKGLHVHUJHIlKUOLFKHQ6HXFKHJHNRPPHQ7URRJHU GHU 6RKQ HLQHU WHUUDQLVFKHQ 0XWWHU XQG HLQHV FDSSLQVFKHQ 9DWHUV HUNDQQWH QlPOLFK LQ HLQHP VHKU IUKHQ 6WDGLXP GD GLH (UUHJHU GHU 3$' VLFK GXUFK VSUXQJKDIWH 0XWDWLRQHQ VR YHUlQGHUWHQ GD VLH IUKHU RGHU VSlWHU YRQ ,QIL]LHUWHQDOOHLQGXUFKGHQ+\SHUNRPNRQWDNWPLW*HVXQGHQEHUWUDJHQZHUGHQ NRQQWHQ 9HVUXQ 7URRJHU VFKDIIWH HV LQ KDUWHQ :RUWJHIHFKWHQ PLW GHQ DQGHUHQ KRFKVWHKHQGHQ 0LWDUEHLWHUQ GHU $GPLQLVWUDWLRQ GLH $EVFKDOWXQJ GHV +\SHUNRPV GHU 67$548((1 GXUFK]XVHW]HQ GDPDOV GHV HLQ]LJHQ +\SHUNRPV YRQ/DVW+DUERUXQGGDPLWGLH6LHGOXQJLQGLHWRWDOH,VRODWLRQ]XVWU]HQ 'LHVH0DQDKPHHUZLHVVLFKDOVOHEHQVUHWWHQGIUGLH%UJHUYRQ/DVW+DUERU ZDV PDQ KHUDXVIDQG DOV PDQ QDFK HLQLJHQ -DKUHQ GHQ +\SHUNRP ZLHGHU HLQVFKDOWHWHXQGGXUFKDEJHK|UWHJHVFKLFKWOLFKH,1)26HQGXQJHQIU6WXGHQWHQ HUIXKU GD HV VLFK WDWVlFKOLFK VR DEJHVSLHOW KDWWH ZLH 7URRJHU YRUDXVJHVDJW KDWWH $OOHUGLQJV HUIXKU PDQ JOHLFK]HLWLJ HWZDV DQGHUHV ZHQLJHU (UIUHXOLFKHV 'DV .RQ]LOVYRON GHU /DUHQ ZDU PLW HLQHU EHUPlFKWLJHQ .DPSIIORWWH LQ GLH 0LOFKVWUDH HLQJHIDOOHQ KDWWH 3HUU\ 5KRGDQ JHJHQ VHLQHQ :LOOHQ DOV (UVWHQ +HWUDQGHU0LOFKVWUDHHLQJHVHW]WXQG+lUWHXQG*QDGHQORVLJNHLWGHPRQVWULHUW ZHQQVLFK9|ONHUJHJHQLKUHVFKOHFKWNDVFKLHUWH+HUUVFKDIWDXIOHKQWHQ 'DV 6FKOLPPVWH DEHU ZDU GD GLH /DUHQ XQG GLH DQGHUHQ .RQ]LOVY|ONHU LQ WHFKQLVFKHU XQG JHLVWLJHU +LQVLFKW GHQ DP ZHLWHVWHQ HQWZLFNHOWHQ 0LOFKVWUDHQY|ONHUQXP-DKUWDXVHQGHYRUDXVZDUHQ1LFKWQXULKUH5DXPVFKLIIH ZDUHQ TXDOLWDWLY EHVVHU VLH EHVWDQGHQ DXV )RUPHQHUJLH DXFK LKUH 6FKXW]VFKLUPH LKUH 2IIHQVLYZDIIHQ LKUH NQVWOLFKHQ ,QWHOOLJHQ]HQ XQG VLH VHOEVWDXFK

'LH VWUDWHJLVFKHQ 3ODQXQJHQ XQG WDNWLVFKHQ :LQNHO]JH GHU 7HUUDQHU VRQVW LPPHU HLQH *DUDQWLH IU GHQ OHW]WHQGOLFK JXWHQ $XVJDQJ HLQHU E|VHQ 6FKODSSH YHUVDJWHQ NOlJOLFK JHJHQEHU GHQ JHQLDOHQ 9RUDXVSODQXQJHQ XQG SUlYHQWLYHQ 0DQDKPHQGHU/DUHQ 'LH/DUHQGXUFKVFKDXWHQDXFKVFKRQVHKUEDOG3HUU\5KRGDQV'RSSHOVSLHOPLW GHP HU DXI =HLWJHZLQQ DUEHLWHWH XP GLH JDODNWLVFKHQ 9|ONHU LQVJHKHLP JHJHQ GLH 2NNXSDQWHQ ]X PRELOLVLHUHQ 3HUU\ 5KRGDQ ZXUGH DEJHVHW]W XQG GXUFK GHQ VNUXSHOORVHQ hEHUVFKZHUHQ /HWLFURQ DEJHO|VW HLQH ,QYDVLRQ GHV 6ROV\VWHPV ZXUGHJHVWDUWHW $QIDQJVKDWWHQGLH%HZRKQHUGHV6ROV\VWHPVVLFKPLW+LOIHGHV$QWLWHPSRUDOHQ *H]HLWHQIHOGV ZLH LP )DOO /$85,1 ]ZLVFKHQ XQG XP HLQH NXU]H =HLWVSDQQH LQ GLH =XNXQIW YHUVHW]W 'DV KDWWH LKQHQ DEHU QXU YRUEHUJHKHQG 6LFKHUKHLW JHEUDFKW 'LH EHUOHJHQH :LVVHQVFKDIW XQG 7HFKQLN GHU /DUHQ HQWZLFNHOWHVFKRQEDOG*HUlWHGLHGDV6ROV\VWHPLQGHU=HLWDXIVSUHQNRQQWHQ VRZLH0LWWHOXPLKQHQGRUWKLQ]XIROJHQ 8QWHUGLHVHQ8PVWlQGHQKDWWH3HUU\5KRGDQGDVELVKHUULVNDQWHVWH8QWHUQHKPHQ GHU0HQVFKKHLWJHVWDUWHWGLH9HUVHW]XQJ7HUUDVXQG/XQDVGXUFKGHQ7ZLQ6RO 6RQQHQWUDQVPLWWHUDXVGHP6ROV\VWHP 1DFKGHP 7HUUD XQG /XQD YHUVFKZXQGHQ ZDUHQ UL GDV $7*)HOG DXI 'LH )ORWWHQ GHU /DUHQ XQG hEHUVFKZHUHQ GUDQJHQ LQV 6ROV\VWHP HLQ XQG VFKOXJHQ QDFKHLQHUEHLVSLHOORVHQ6FKODFKW GLH )ORWWHQGHU]XUFNJHEOLHEHQHQ0HQVFKHQ 'DQDFK ZXUGHQ GLH :HOWHQ GHV 6ROV\VWHPV JHVFKOHLIW GLH 0HQVFKHQ HQWZHGHU XPJHEUDFKWRGHULQGLH6NODYHUHLYHUVFKOHSSW (V JDE NHLQ 6RODUHV ,PSHULXP PHKU 'XUFK $EK|UHQ YRQ +\SHUIXQNVSUFKHQ ZXWHQ GLH 0HQVFKHQ YRQ /DVW +DUERU DEHU GD HLQH /LJD )UHLHU 7HUUDQHU JHJUQGHW ZRUGHQ ZDU XQG GD YLHOH GHU DXV GHP 6ROV\VWHP HQWNRPPHQHQ 0HQVFKHQ VHLW ODQJHP DXI GHP 3ODQHWHQ *lD DQ HLQHU JHKHLPHQ 3RVLWLRQ GHU 0LOFKVWUDHHLQHQHXH+HLPDWJHIXQGHQKDWWHQ7HUUDXQG/XQDZDUHQDOOHUGLQJV QLFKW ZLHGHU DXIJHWDXFKW $OOHUGLQJV NXUVLHUWH GDV *HUFKW VLH VHLHQ QLFKW DP YRUEHVWLPPWHQ=LHOKHUDXVJHNRPPHQVRQGHUQLPIHUQHQ0DKOVWURPGHU6WHUQH ²ZRLPPHUGDVVHLQPRFKWH $XV DOOHGHP KDWWH VLFK /DVW +DUERU KHUDXVKDOWHQ N|QQHQ ELV YRU DQGHUWKDOE 7DJHQ LP -DKUH $' 'D KDWWH GHU +\SHUNRP GHU 67$548((1 GHQ 1RWUXI HLQHV PLW )OFKWOLQJHQ EHODGHQHQ *URUDXPVFKLIIV QDPHQV *5$1',)/25$DXIJHIDQJHQ$XVLKPJLQJKHUYRUGDGDV6FKLIIQDFKHLQHU ([SORVLRQ LP 0DVFKLQHQUDXP PDQ|YULHUXQIlKLJ DXI HLQH EODXH 6RQQH ]XWULHE XQGQDFKVSlWHVWHQVVLHE]LJ6WXQGHQYHUJOKHQZUGH 'LHVH1DFKULFKWULHILQGHU:HOWHLQHQ*HIKOVVWXUPKHUYRU'DV9RONYRQ/DVW +DUERUYHUODQJWH+LOIHIUGLH*5$1',)/25$ 1RFK HLQPDO KDWWH -HSX .DPEDQG-DUYLV GHU VLFK PLW VHLQHQ -DKUHQ LP 5XKHVWDQG EHIXQGHQ KDWWH GLH ,QLWLDWLYH HUJULIIHQ (U KDWWH 6\DUD *DUILHOG GLH )UDX YRQ /HVWHU *DUILHOG HLQH &DSSLQ XQG GLH GHU]HLWLJH $GPLQLVWUDWRULQ YRQ /DVW +DUERU GDYRQ EHU]HXJW GD GHU VR]LDOH )ULHGH QXU JHVLFKHUW ZHUGHQ NRQQWHZHQQGLH)OFKWOLQJHGHU*5$1',)/25$JHUHWWHWZXUGHQ

'LH SHUPDQHQW LQ 6WDUWEHUHLWVFKDIW JHKDOWHQH 67$548((1 ZXUGH EHPDQQW QDFKGHPGLH*5$1',)/25$DQJHSHLOWXQGGULQJHQGHUVXFKWZRUGHQZDULKUH YHUUlWHULVFKHQ +LOIHUXIH HLQ]XVWHOOHQ 'DQDFK VWDUWHWH GDV 6FKLII PLW -HSX DOV 0LVVLRQVFKHIXQG+HWRU2PLVXNRDOV.RPPDQGDQW 6LHHUUHLFKWHQGLH3RVLWLRQGHU*5$1',)/25$XQGPXWHQIHVWVWHOOHQGDHV NHLQ )OFKWOLQJVVFKLII GRUW JDE VRQGHUQ GUHL :DO]HQUDXPHU GHUhEHUVFKZHUHQ YRQGHQHQHLQHUGLH+LOIHUXIHDEJHVWUDKOWKDWWH =XVSlWZDU-HSXNODUJHZRUGHQGDGLHhEHUVFKZHUHQQDFKGHP6WXGLXPYRQ DOWHQ$UFKLY3RVLWURQLNHQGLHVLHYRQGHU(UGHHUEHXWHWKDWWHQGDUDXIJHVWRHQ ZDUHQ GD ]XU =HLW GHU 'RODQ,QYDVLRQ HLQ )OFKWOLQJVVFKLII QDPHQV *5$< /$'

)/25$DQJHIXQNWXQGHUVXFKWLKUH+LOIHUXIHHLQ]XVWHOOHQ ³'DVZDUHLQH5DIIHUVHQGXQJYRQHLQHU0LOOLRQVWHO6HNXQGH'DXHUHQWJHJQHWH +HWRU2PLVXNR³.HLQhEHUVFKZHUHUNDQQVRHWZDVDQSHLOHQ ³.HLQhEHUVFKZHUHUJDE-HSX]X³$EHUYLHOOHLFKWHLQ/DUH)DOOVLUJHQGZRLP 8PNUHLV YRQ YLHOOHLFKW ]HKQWDXVHQG /LFKWMDKUHQ HLQ /DUHQVFKLII GLH $NWLRQ GHU GUHL hEHUVFKZHUHQ PLWYHUIROJWH XQG VlPWOLFKH 2UWXQJV XQG 3HLOJHUlWH HLQVFKDOWHWH XP VLFK QLFKWV HQWJHKHQ ]X ODVVHQ N|QQWH HV GDQQ PLW VHLQHQ EHUOHJHQHQ WHFKQLVFKHQ 0LWWHOQ GLH 5DIIHUVHQGXQJ HLQJHSHLOW KDEHQ" :DV PHLQVWGX+HWRU" ³9LHOOHLFKW PHLQWH +HWRU ³$EHU LFK GHQNH JDQ] HLQIDFK GD GLH /DUHQ PLW ZLFKWLJHUHQ 'LQJHQ EHVFKlIWLJW VLQG DOV PLW GHU 9HUIROJXQJ HLQHU /LVW LKUHU 9DVDOOHQGHUHQ(UIROJ]XGHPlXHUVW]ZHLIHOKDIWHUVFKHLQHQPXWH1HLQ-HSX /DVW+DUERULVWVLFKHU $OV-HSXQLFKWGDUDXIUHDJLHUWHULHIHUQDFKLKP²XQGDOVGHUDOWH0DQQDXFK GDUDXIQLFKWDQWZRUWHWHULFKWHWHVLFK+HWRUDXIXQGEOLFNWHLKPLQV*HVLFKW $OVHUVWHVILHOLKPGHU]XIULHGHQH$XVGUXFNGHV*HVLFKWVDXIXQGDOV]ZHLWHV GDGLH$XJHQGDUDQXQEHWHLOLJWZDUHQ 6LHZDUHQJHEURFKHQ -HSX.DPEDQG-DUYLVZDUWRW +HWRUOHKQWHVLFKVHXI]HQG]XUFN 'HUDOWH0DQQPXWHGHQ7RGQDKHQJHVSUWKDEHQ'HVKDOEZRKOKDWWHHUVLFK YHUJHZLVVHUQ ZROOHQ GD VHLQ /DVW +DUERU ZHLWHUKLQ YRU GHP =XJULII GHV .RQ]LOV XQG GHU hEHUVFKZHUHQ VLFKHU ZDU ² XQG DOV LKP GDV JODXEKDIW YHUVLFKHUWZRUGHQZDUKDWWHHUGHP'UlQJHQGHV7RGHVQDFKJHJHEHQ $EHU ZDU HV ZLUNOLFK VLFKHU GD QLHPDQG DXFK GLH /DUHQ QLFKW GLH 5DIIHUVHQGXQJYRQ/DVW+DUERUHLQJHSHLOWKDWWH" +LUX .DPEDQG-DUYLV ODXVFKWH GHP 9RUWUDJ GHV JUHLVHQ DEHU JHLVWLJ QRFK VHKU UVWLJHQ&DSSLQV5DVWRUGHQGLHVHUEHUGHQ8QLYHUVHOOHQ/HEHQVNRGHKLHOW 'DV$XGLWRULXPGHU+RFKVFKXOHIU*HQHWLNZDUZLHEOLFKZHQQ5DVWRUHLQH 9RUOHVXQJKLHOWELVDXIGHQOHW]WHQ3ODW]EHVHW]W 1XU HLQH 3HUVRQ HUUHLFKWH XQJHIlKU GLH JOHLFKH =XK|UHU]DKO ZHQQ HU VHLQH 9RUOHVXQJHQ KLHOW 'DV ZDU +LUX VHOEVW 'RFK GDV JDE HU VRJDU YRU VLFK VHOEVW QLFKWJHUQ]XGHQQGDQQKlWWHHUDXFK]XJHEHQPVVHQGDGLH%HZRKQHUYRQ /DVW+DUERULKQIUHLQ5DVWRUJOHLFKZHUWLJHV*HQLHKLHOWHQ 8QGGDVZDUHUQLFKW 1LFKWLQVHLQHQ$XJHQGLHVWHWVYROOHU%HZXQGHUXQJ]XGHPJURHQ&DSSLQXQG %UJHUYRQ/DVW+DUERUDXIJHVHKHQKDWWHQ (UOlFKHOWHLQVLFKKLQHLQDOV5DVWRUGXUFKVHLQHHLJHQHQ:RUWH)HXHUILQJXQG YROOHU /HLGHQVFKDIW GHQ 8UVSUXQJ XQG GLH $XIJDEHQ GHV 8QLYHUVHOOHQ /HEHQVNRGHVHUNOlUWH $OV5DVWRUJHHQGHWKDWWHEUDFKIUHQHWLVFKHU%HLIDOODXV$XFK+LUXNODWVFKWHZLH ZDKQVLQQLJREZRKOVHLQH)UDX/HUHLOOHDXVGHP+LQWHUJUXQGPDKQHQGGLH+DQG KRE (UZDUILKUHLQH.XKDQG]XGDQQNODWVFKWHHUZHLWHU

/HUHLOOH ZDU HLQH &DSSLQIUDX (U KDWWH VLH YRU -DKUHQ JHKHLUDWHW DOV VLH -DKUHDOWJHZHVHQZDUXQGHU6LHKDWWHQVLFKQLFKWRIWJHVHKHQGHQQHUZDU GDPDOVVFKRQHLQHUIROJUHLFKHU*HQHWLNHUJHZHVHQGHUWDJVEHU*HQWHFKQLNXQG *HQFKLUXUJLH VRZLH /HKUDUEHLW SUDNWL]LHUWH XQG QDFKWV DQ 7KHRULHQ DUEHLWHWH ZlKUHQG VLH VLFK LP 0HGL]LQVWXGLXP EHIDQG XQG GDV =LHO KDWWH 7UDQVSODQWDWLRQVFKLUXUJLQ]XZHUGHQ ,PPHUKLQ DEHU KDWWHQ VLH VRYLHO =HLW IUHLQDQGHU HUEULJW XP ]ZHL .LQGHU ]X EHNRPPHQ 5DVWRU GHU MHW]W -DKUH DOW ZDU XQG VLFK VFKRQ HLQHQ KHUYRUUDJHQGHQ 5XI DOV 6WlGWHSODQHU HUZRUEHQ KDWWH VRZLH GLH QHXQXQGGUHLLJMlKULJH 1LFROH GLH +\SHUSK\VLNHULQ ZDU XQG 3RVLWURQLNHQ GHU QHXHQ*HQHUDWLRQNRQVWUXLHUWH 2K MD +LUX NRQQWH ]XIULHGHQ PLW VHLQHP /HEHQ VHLQ 8QG GDV 6FK|QVWH ZDU GD /HUHLOOH XQG HU QRFK LPPHU LQHLQDQGHU YHUOLHEW ZDUHQ 9LHOOHLFKW ODJ HV MD QXUGDUDQGDVLHVLFKVRVHOWHQ]X*HVLFKWEHNRPPHQKDWWHQDEHUGDVlQGHUWH QLFKWVDQGHP*OFNVJHIKOGDVVLHHPSIDQGHQZHQQVLH]XVDPPHQZDUHQRGHU DQHLQDQGHUGDFKWHQ ,FKZHUGHDXIPHLQHDOWHQ7DJHQRFK]XPVHQWLPHQWDOHQ7UlXPHUGDFKWH+LUX DOVHUGLH1lVVHLQVHLQHQ$XJHQVSUWH ,P QlFKVWHQ 0RPHQW YHUORUHQ VHLQH )H LKUHQ +DOW (U ZLUEHOWH KLOIORV GXUFK GLH /XIW ZlKUHQG HV ULQJVXP GU|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lJ EHU VLFK (UOHLFKWHUW GDUEHU GDVHLQ 3ULQ]HFKHQZLHHU VLH QDQQWH QRFK OHEWHVFKOR HUGLH$XJHQ 'RFK/HUHLOOHJ|QQWHLKPNHLQH5XKH ³'X ELVW QXU OHLFKW YHUOHW]W +LUX GUlQJWH VLH ³5HL GLFK ]XVDPPHQ /DVW +DUERU EUDXFKW GLFK 'LH hEHUVFKZHUHQ KDEHQ GLH :HOW DXV GHQ )XJHQ JHVFKRVVHQ XQG GDQQ EHVHW]W ,KUH 5DXPODQGHVROGDWHQ GXUFKVWUHLIHQ SOQGHUQG XQGPRUGHQGGLH&LW\V]HUVW|UHQOHEHQVZLFKWLJH(LQULFKWXQJHQXQGYHUDQVWDOWHQ UHJHOUHFKWH7UHLEMDJGHQDXI)UDXHQ 'DVUL+LUXDXVVHLQHU/HWKDUJLH (U ULFKWHWH VLFK DXI XQG XQWHUGUFNWH GHQ VWHFKHQGHQ 6FKPHU] LQ GHU UHFKWHQ 6FKXOWHUGLHYRQHLQHP9HUEDQGXPKOOWZDU ³'LH hEHUVFKZHUHQ VWLH HU KHUYRU ³+DEHQ VLH XQV DOVR GRFK QRFK HQWGHFNW /LHJHQ0HOGXQJHQYRQGHU67$548((1YRU" ³1HLQDQWZRUWHWHVHLQH)UDX³$EHUVLHZLUGVLFKDXFKQLFKWPHOGHQZHQQVLH

GLH :DO]HQVFKLIIH DXI /DVW +DUERUV 2EHUIOlFKH RUWHW (V VROOHQ GUHLLJ *URUDXPVFKLIIHVHLQMHGHVHLQHQKDOEHQ.LORPHWHUODQJ ³'UHLLJ *URUDXPVFKLIIH ZLHGHUKROWH +LUX HUVFKURFNHQ ³+DW HV YLHOH 2SIHU DXIXQVHUHU6HLWHJHJHEHQ" ³0LQGHVWHQV ]ZHLWDXVHQG 3HUVRQHQ VLQG WRW DQ GLH KXQGHUWWDXVHQG YHUOHW]W EHULFKWHWH/HUHLOOH ³%HL+RW%HDVWHQWIXKUHVGHP*HQHWLNHU 'RFKGDQQ]ZDQJHUVLFKGD]XSUDJPDWLVFK]XGHQNHQZHLOQXUSUDJPDWLVFKHV 'HQNHQXQG+DQGHOQ/DVW+DUERUKHOIHQNRQQWHQ ³+LOI PLU KRFK 3ULQ]HFKHQ EDW HU PLW VSU|GHU DEHU IHVWHU 6WLPPH ³:LU ZROOHQ ]XVHKHQ GD ZLU .RQWDNW PLW GHP .RPPDQGHXU GHU hEHUVFKZHUHQ EHNRPPHQ 3DUWXVFKNLQ ZDU GHU .RPPDQGHXU GHV )ORWWHQYHUEDQGV GHU /DVW +DUERU EHVFKRVVHQXQGEHVHW]WKDWWH (UHPSILQJ+LUX.DPEDQG-DUYLVLQGHU.RPPDQGR]HQWUDOHVHLQHV)ODJJVFKLIIV GHU0HWHUODQJHQXQG0HWHUGXUFKPHVVHQGHQ3$5,&=$'HU*HQHWLNHU WUXJ HLQHQ $XHQZHOW6FKXW]DQ]XJ XQG ZDU YRQ ]ZHL 2IIL]LHUHQ GHV 5DXPODQGXQJVNRUSVGHUhEHUVFKZHUHQDXV/DVW+DUERU&LW\XQG]XU3$5,&=$ JHOHLWHWZRUGHQ 3DUWXVFKNLQ HLQ ZDKUHU .ORW] YRQ 0HWHU *U|H XQG HEHQVROFKHU 6FKXOWHUEUHLWH ZLUNWH QRFK ZXFKWLJHU GXUFK GHQ 6FKZHUHQ 5DXPNDPSIDQ]XJ GHQ HU WUXJ XQG GHU PLW PHKU DOV HLQHP 'XW]HQG NULHJHULVFKHU $FFHVVRLUHV EHKlQJW ZDU 1DWUOLFK KDWWH HU DQ %RUG GHQ +HOP ]XUFNJHNODSSW JHQDX ZLH +LUX 1DFK HWZD IQI 0LQXWHQ EUDFK GHU hEHUVFKZHUH VHLQ 6FKZHLJHQ LQGHP HU DEVFKlW]LJIUDJWH ³:LHYLHO.LORVWHPPVWGX/HLFKWZHOWOHU" ³*HQXJMHGHQIDOOVGDHV]XU%HOHEXQJHLQHUXQIUXFKWEDUHQ:HOWUHLFKHQZUGH 6LUHUZLGHUWH+LUXPLWHLQHU0LVFKXQJYRQ=XUFNZHLVXQJXQG5HVSHNW³2GHU DXFK]XP*HJHQWHLOIJWHHUPLWHLQHPGVWHUHQ/lFKHOQKLQ]X 3DUWXVFKNLQ UXQ]HOWH YHUVWlQGQLVORV GLH 6WLUQ UFNWH VHLQ *UWHOKDOIWHU PLW GHU VFKZHUHQ9LQKLOOHU3RZHU,PSXOV*XQ]XUHFKWUlXVSHUWHVLFKXQGIUDJWHEDUVFK ³:LHKDVWGXGDVJHPHLQW$OWHU" ³,FKELQ*HQHWLNHU6LUDQWZRUWHWH+LUX ³9HUGDPPLFK HQWIXKU HV GHP hEHUVFKZHUHQ ³8QG LFK GDFKWH GX ZlUVW GHU $GPLQLVWUDWRUGLHVHV6FKQHHEDOOVQDPHQV/DVW+DUERU ³1RFKQLFKWHUNOlUWH+LUX³%H]LHKXQJVZHLVHQRFKQLFKWZLHGHUGHQQLFKZDU HVVFKRQ]ZHLPDOIUMHYLHU-DKUH$EHULFKZHUGHHVEDOGZLHGHUVHLQZHQQ6LH ZROOHQ6LU ³$KDJUROOWH3DUWXVFKNLQ³$EHUZDUXPVROOWHLFKGDVZROOHQ" ³:HLO 6LH DQ HLQHU VFKQHOOHQ 8QWHUZHUIXQJ /DVW +DUERUV XQWHU GDV .RQ]LO XQG DQ HLQHU EHGLQJXQJVORVHQ $QHUNHQQXQJ ,KUHU %HIHKOVJHZDOW EHU /DVW +DUERU LQWHUHVVLHUWVLQG6LUDQWZRUWHWH+LUX ³%HLGHVHUUHLFKHLFKDXIMHGHQ)DOOHQWJHJQHWH3DUWXVFKNLQVFKURII$EHUGXUFK

GLH 6FKURIIKHLW VFKLPPHUWH GLH *LHU QDFK GHP VFKQHOOHQ (UIROJ DXI GLH +LUX VHLQHQ 3ODQ DXIJHEDXW KDWWH ³0HLQH GUHLLJWDXVHQG NDPSIHUSUREWHQ 5DXPODQGHVROGDWHQEUHFKHQMHGHQ:LGHUVWDQG ³8QG EULQJHQ GDEHL XQQ|WLJ GLH 5DXPIORWWHQ GHV (UVWHQ +HWUDQV LQ 9HUUXI HQWJHJQHWH +LUX ³(V JLEW QlPOLFK DXI /DVW +DUERU NHLQHQ :LGHUVWDQG GD GLH %HZRKQHUDEVROXWIULHGIHUWLJVLQG ³)ULHGIHUWLJ"HFKRWHGHUhEHUVFKZHUHHUVWDXQW³'DVZWHLFKDEHU:HQQLKU /HLFKWZHOWOHU ZLUNOLFK IULHGIHUWLJ ZlUW ZLHVR KDW GDQQ HXHU 6FKLII GLH 67$5 48((1GUHLXQVHUHU6FKLIIHYHUQLFKWHW" 'LHVH 0LWWHLOXQJ YHUVFKOXJ GHP *HQHWLNHU GLH 6SUDFKH 3O|W]OLFK YHUVWDQG HU ZLHVR GLH hEHUVFKZHUHQ /DVW +DUERU JHIXQGHQ KDWWHQ 'DV ZDU NHLQ =XIDOO JHZHVHQ 'HU +LOIHUXI GHU *5$1',)/25$ ZDU GHPQDFK HLQH )DOOH JHZHVHQ =ZHLIHOORV JDE HV JDU NHLQH *5$1',)/25$ VRQGHUQ HLQ 6FKODFKWVFKLII GHU hEHUVFKZHUHQKDWWHGHQ1RWUXIVLPXOLHUW7URW]HUIROJUHLFKHU*HJHQZHKUPXWH GLH 67$548((1 VFKOLHOLFK GRFK LQ GLH +lQGH GHU hEHUVFKZHUHQ JHIDOOHQ VHLQXQGVLHKDWWHQ GLH.RRUGLQDWHQ YRQ6WDUEHG(PHUDOGXQG/DVW+RSH DXV LKUHU3RVLWURQLNJHKROW (LQ 6WLFK IXKU +LUX GXUFK GLH %UXVW DOV HU GDUDQ GDFKWH GD VHLQ %UXGHU -HSX 0LVVLRQVFKHI DXI GHU 67$548((1 ZDU :RP|JOLFK ZDU HU WRW GHQQ GLH hEHUVFKZHUHQKDWWHQGDV)HXHUEHVWLPPWHUZLGHUW ³$QWZRUWH$OWHUKHUUVFKWH3DUWXVFKNLQLKQDQ +LUXVFKOXFNWHGDQQVDJWHHUOHLVH ³'LH 67$548((1 ZDU ]X HLQHU 5HWWXQJVPLVVLRQ JHVWDUWHW :HQQ VLH LQ HLQH )DOOH JHORFNW XQG DQJHJULIIHQ ZXUGH KDW VLH VLFK QDWUOLFK JHZHKUW ,KUH %HVDW]XQJZDUDQLKUHQ*HVFKW]HQDXVJHELOGHW'DVVLQGDEHUDXFKGLHHLQ]LJHQ 0HQVFKHQ YRQ /DVW +DUERU GLH PLW :DIIHQ XPJHKHQ N|QQHQ :DV LVW PLW GHU 67$548((1 XQG LKUHU %HVDW]XQJ JHVFKHKHQ" +DEHQ 6LH GLH /HXWH JHIDQJHQJHQRPPHQ"

³(V JDE NHLQH hEHUOHEHQGHQ EHL GLHVHP *HIHFKW DQWZRUWHWH 3DUWXVFKNLQ ³:HGHUDXIXQVHUHUQRFKDXIHXUHU6HLWH +LUX VSUWH ZLH VHLQH .QLH ZHLFK ZXUGHQ (U UL VLFK PLW DOOHU *HZDOW ]XVDPPHQXQGHVJHODQJLKPVLFKDXIUHFKW]XKDOWHQ ³:LUKDEHQGLH.RRUGLQDWHQHXUHU:HOWQLFKWYRQGHU67$548((1VDJWHGHU hEHUVFKZHUH LQ HLQHP $QIOXJ YRQ 0LWJHIKO ³0HLQ 9HUEDQG DKQWH QLFKW HLQPDO HWZDV YRQ GHU )DOOH :LU ZXUGHQ YRQ HLQHP 69(5DXPHU GHU /DUHQ LQIRUPLHUW GHVVHQ %HVDW]XQJ VLFK DXI /DXVFKPLVVLRQ EHIDQG XQG HXUHQ VXSHUJHUDIIWHQ+\SHUIXQNVSUXFKDQGLHYHUPHLQWOLFKH*5$1',)/25$DXIILQJ XQGHLQSHLOWH'DVZDUIUGLH.RQ]LOVWHFKQLNHLQ.ODFNV 1DWUOLFK GDFKWH +LUX YHU]ZHLIHOW XQG HUELWWHUW 'DUDQ KlWWHQ ZLU GHQNHQ PVVHQ$EHUZLUKDEHQGLH0HQWDOLWlWGHU/DUHQHEHQIDOVFKHLQJHVFKlW]W ³'DQNH6LUVDJWHHU ³:RIU"IUDJWHGHUhEHUVFKZHUHYHUZXQGHUW ³)U GLH ,QIRUPDWLRQHQ 6LU DQWZRUWHWH +LUX ³6LH ZDUHQ MD QLFKW GD]X YHUSIOLFKWHW VLH PLU ]X JHEHQ (U UlXVSHUWH VLFK ³'DUI LFK HUIDKUHQ RE 6LH

JHQHLJWVLQGPHLQ$QJHERWDQ]XQHKPHQ6LU" ³,FK GHQNH GDUEHU QDFK HUZLGHUWH 3DUWXVFKNLQ XQG PXVWHUWH GHQ DOWHQ 0DQQ VFKDUI³:LHKHLWGXEULJHQV" ³+LUX.DPEDQG-DUYLV6LUDQWZRUWHWH+LUX ³$OVR+LUXHUNOlUWHGHUhEHUVFKZHUH³:HLWGXZLHPDQ/HXWHQHQQWGLHDXV IUHLHQ6WFNHQPLWGHP)HLQG]XVDPPHQDUEHLWHQ"

³,FK ZHL HV GHQQ ZLU XQWHUKDOWHQ VHLW PHKU DOV IQI]LJ -DKUHQ .RQWDNW ]XU EULJHQ*DOD[LVZHQQDXFKQXUHLQVHLWLJHQVDJWH+LUX³'RUWQHQQWPDQVROFKH /HXWH.ROODERUDWHXUH ³+LHUQLFKW"VWLH3DUWXVFKNLQQDFK ³'RFK KLHU DXFK EHNDQQWH +LUX ³'HVKDOE PXWH LFK GLHVH 5ROOH DXI PLFK QHKPHQ 6LU )U GLH $GPLQLVWUDWRULQ ZlUH GDV XQGHQNEDU JHZHVHQ 1LHPDQG KlWWHDXIVLHJHK|UW ³:LHVRGHQQGDV"ZROOWHGHUhEHUVFKZHUHZLVVHQ ³:HLO VLH HLQH UHLQEOWLJH &DSSLQ LVW 6LU DQWZRUWHWH +LUX ³:UGH VLH PLW ,KQHQ NROODERULHUHQ ZUGH GDV IUKHUH 0LWUDXHQ JHJHQ GLH &DSSLQV ZLHGHU GXUFKEUHFKHQXQGLKUGDV5HJLHUHQDOV.ROODERUDWHXULQXQP|JOLFKPDFKHQ ³$XJHQEOLFN PDO ULHI 3DUWXVFKNLQ ³(XUH $GPLQLVWUDWRULQ LVW HLQH &DSSLQ" /HEHQGHQQ&DSSLQVKLHUDXI/DVW+DUERU" ³7DNHUHUXPJDQ]H[DNW]XVHLQ6LUHUNOlUWH+LUX1DWUOLFKIUFKWHWHHUQLFKW ZLUNOLFK GLH 0HQVFKHQ YRQ /DVW +RSH N|QQWHQ VLFK JHJHQ 6\DUD *DUILHOG VWHOOHQ 'D]X ZDU VLH YLHO ]X EHOLHEW (U KDWWH GLH 5ROOH GHV .ROODERUDWHXUV QXU GHVZHJHQ EHUQRPPHQ XP LKU GLHVH XQJHKHXUH SV\FKLVFKH %HODVWXQJ ]X HUVSDUHQ 1XU LQ HLQHP ZLQ]LJHQ :LQNHO VHLQHV %HZXWVHLQV VSLHOWH GLH 7DWVDFKH GD VLH HLQH &DSSLQ ZDU HLQH 5ROOH +LUX ZROOWH XP NHLQHQ 3UHLV HLQHQ ZHQQ DXFK QXU NOHLQHQ =ZLHVSDOW ]ZLVFKHQ &DSSLQV XQG 0HQVFKHQ HQWVWHKHQ ODVVHQ GHQQ HU KDWWHPLWVHLQHP/HEHQVZHUN HUVW GLH9HUVFKPHO]XQJ GHUEHLGHQ9RONVJUXSSHQKHUEHLJHIKUW ³8QG 7DNHUHU OHEHQ DXI /DVW +DUERU IULHGOLFK PLW 0HQVFKHQ ]XVDPPHQ" VWDXQWHGHUhEHUVFKZHUH³:LHNDPHQVLHEHUKDXSWKLHUKHU" ³6LH VWUDQGHWHQ DXI GHP YLHUWHQ 3ODQHWHQ (PHUDOG EHULFKWHWH GHU *HQHWLNHU ³(LQH *UXSSH YRQ LKQHQ EHUQDKP GLH IKUHQGHQ /HXWH YRQ /DVW +DUERU XQG YHUDQODWH GHQ %DX GHU 67$548((1 XP LKUH 2ULJLQDON|USHU XQG GHQ 5HVW LKUHU /HXWH QDFK /DVW +DUERU KROHQ ]X N|QQHQ :LU NRQQWHQ VLH EHUZlOWLJHQ XQG]ZLQJHQLQLKUH.|USHU]XUFN]XNHKUHQ +LUXHUZlKQWHGLH3DUDV\QWKRVXQGLKUH5ROOHEHLGHPGDPDOLJHQ*HVFKHKHQPLW YROOHU $EVLFKW QLFKW GHQQ HU YHUPXWHWH GD GLH hEHUVFKZHUHQ DXV )XUFKW YRU GHQ SVLRQLVFKHQ )lKLJNHLWHQ GLHVHU :HVHQ NXU]HQ 3UR]H PLW LKQHQ PDFKWHQ XQGVLHYHUQLFKWHQZUGHQ ³'DVKDEWLKUJHVFKDIIW"IUDJWH3DUWXVFKNLQ³$EHUZLHNRQQWHWLKUYHUKLQGHUQ GDGLH&DSSLQVLPPHUZLHGHU/HXWHYRQHXFKEHUQDKPHQ" ³:LUWUDIHQHLQ$ENRPPHQPLWLKQHQORJ+LUX³6LHVLFKHUWHQXQV]XQLHPDOV ZLHGHUHLQHQYRQXQV]XEHUQHKPHQXQGZLUJDEHQLKQHQYROOH)UHL]JLJNHLW LQ XQVHUHU :HOW XQG GLH 0|JOLFKNHLW DXI LKUHQ DOWHQ )DFKJHELHWHQ ]X IRUVFKHQ

XQG]XDUEHLWHQ$OOPlKOLFKLQWHJULHUWHQVLHVLFKGDQQLQXQVHUHU*HVHOOVFKDIW ³'DV VRJDU VHKU IHVW HUJlQ]WH HLQ 2IIL]LHU GHU VRHEHQ LQ %HJOHLWXQJ YRQ YLHU 5DXPODQGHVROGDWHQGLH.RPPDQGR]HQWUDOHEHWUHWHQKDWWH ³:LHPHLQHQ6LHGDV+DQXOND"IUDJWHGHU.RPPDQGHXU ³7HUUDQHU XQG 7DNHUHU KDEHQ VLFK PLWHLQDQGHU YHUPLVFKW EHULFKWHWH GHU 2IIL]LHU³'DVLVWEHLHLQHP9HUK|UKHUDXVJHNRPPHQGDVLFKGXUFKIKUWH/DVW +DUERU LVW SUDNWLVFK HLQH :HOW GHU 7HUNDUHU ZLH LFK GLH 0LVFKOLQJH JHQDQQW KDEH ³7HUNDUHUZLHGHUKROWH3DUWXVFKNLQ GDQQODFKWHHUVS|WWLVFK ³:HGHU 7HUUDQHU QRFK 7DNHUHU VRQGHUQ 7HUNDUHU $XI /DVW +DUERU KDW PDQ HV VLFK DQVFKHLQHQG DQJHZ|KQW VHLQH )HLQGH LP %HWW ]X )UHXQGHQ ]X PDFKHQ $EHU QLFKW PLW XQV +LUX ³+LUX"HFKRWH+DQXOND³+LUX.DPEDQG-DUYLV" ³6RODXWHWPHLQYROOVWlQGLJHU1DPHEHVWlWLJWH+LUX 'HU2IIL]LHUVDOXWLHUWHSO|W]OLFKDFKWXQJVYROOYRU+LUXGDQQVDJWHHU]XVHLQHP .RPPDQGHXU ³'LHVHU 0DQQ LVW QHEHQ GHP &DSSLQ 5DVWRU GHU JHQLDOVWH *HQHWLNHU YRQ /DVW +DUERU :DV GLH $FKWXQJ XQG GLH 6\PSDWKLH LQ GHU %HY|ONHUXQJ DQJHKW VR EHUWULIIWHU5DVWRUVRJDUEHLZHLWHP(UKDWQLFKWQXUHLQHY|OOLJQHXDUWLJHGHQ 9HUKlOWQLVVHQ DXI /DVW +DUERU DQJHSDWH )DXQD XQG )ORUD JHVFKDIIHQ HU HUP|JOLFKW DXFK GXUFK JHQFKLUXUJLVFKH (LQJULIIH IUXFKWEDUH 9HUELQGXQJHQ ]ZLVFKHQ 7HUUDQHUQ XQG 7DNHUHUQ :HQQ ZLU LKQ GD]X EUlFKWHQ PLW XQV ]XVDPPHQ]XDUEHLWHQ ZUGH HU GHQ IU XQV LGHDOHQ $GPLQLVWUDWRU GLHVHU :HOW DEJHEHQ ³*HQDX GDIU KDW HU VLFK DQJHERWHQ VWHOOWH 3DUWXVFKNLQ WURFNHQ IHVW ³$QVFKHLQHQG KDW HU VHLQH &KDQFHQ ODQJH YRU ,KQHQ JHQDX DEJHZRJHQ +DQXOND (U EOLFNWH +LUX ILQVWHU DQ ³:DUXP" /LHEHQ 6LH XQV hEHUVFKZHUH" 8QZLOONUOLFKKDWWHHUYRP'X]XP6LHJHZHFKVHOW ³1HLQ JHVWDQG +LUX ZRKOEHUOHJW ³$EHU LFK OLHEH PHLQ 9RON XQG ZLOO DOOHV WXQXPLKPXQQ|WLJH/HLGHQ]XHUVSDUHQ ³'DIU KDEHQ 6LH PHLQHQ 5HVSHNW +LUX VDJWH 3DUWXVFKNLQ ³,FK ZHUGH GDIU VRUJHQ GD PHLQH 5DXPODQGHVROGDWHQ VLFK DE VRIRUW VR EHQHKPHQ ZLH HV DXI GHP3ODQHWHQHLQHV.RQ]LOYRONVEOLFKLVW+DQXOND6LHOHLWHQGDVLQGLH:HJH $OV GHU 2IIL]LHU ]XU )XQNVWDWLRQ JHJDQJHQ ZDU ZDQGWH VLFK GHU .RPPDQGHXU ZLHGHUDQ+LUXXQGHUNOlUWHEHGDXHUQG ³6LH KDEHQ GDPLW DOOHUGLQJV QXU HLQH *QDGHQIULVW JHZRQQHQ +LUX 0HLQ 9HUEDQGKDWVFKRQGHQ0DUVFKEHIHKOIUGHQQlFKVWHQ.DPSIHLQVDW]HUKDOWHQ XQG QDFK XQV NRPPHQ 7UXSSHQ DXV GHP +HLPDWNRQWLQJHQW /HWLFURQV DOV %HVDW]XQJ QDFK /DVW +DUERU 'LH ZHUGHQ ,KQHQ DOOHV ZHJQHKPHQ ZDV VLH DXI GHP *DODNWLVFKHQ 6FKZDU]HQ 0DUNW JHZLQQEULQJHQG ORVZHUGHQ (UZDUWHQ 6LH YRQLKQHQNHLQH5FNVLFKWQDKPHXQGNHLQ0LWOHLG(VWXWPLUHKUOLFKOHLG,KQHQ GDVVDJHQ]XPVVHQ (UZDQGWHVLFKXPXQGVWDSIWHGDYRQ +LUXEOLFNWHLKPHLQH:HLOHQDFKXQGVSUWHZLHHLQH:HOOHGHU6\PSDWKLHIU

.RPPDQGHXU 3DUWXVFKNLQ LKQ GXUFKSXOVWH REZRKO HU VFKXOG DP 7RGH YRQ HLQLJHQKXQGHUW7HUNDUHUQZDU 7HUNDUHUGXUFKIXKUHVLKQ+DQXONDKDWWHUHFKW:LUVLQGLP*UXQGHJHQRPPHQ NHLQH7HUUDQHUXQG7DNHUHUPHKUVRQGHUQ7HUNDUHU (LQJDQ]QHXHV9RONXQGZRP|JOLFKVFKRQ]XP8QWHUJDQJYHUXUWHLOWEHUOHJWH HUYROOHU%LWWHUNHLW $' +DSORU0F1DLUSUHWHGLH/LSSHQIHVWDXIHLQDQGHUDOVHULQVHLQHPJHSDQ]HUWHQ 3UDOOIHOGVFKOLWWHQLQHLQLJHQ.LORPHWHUQ(QWIHUQXQJDQGHPNQVWOLFKHQ9XONDQ PLWVHLQHUELVLQGHQ:HOWUDXPORGHUQGHQEOlXOLFKHQ)ODPPHQVlXOHYRUEHLMDJWH LQGHQVLFK+H\QDU&LW\YHUZDQGHOWKDWWH 8QElQGLJHU +D DXI GLH ,QYDVRUHQ HUIOOWH LKQ XQG DXI GHQ 9HUUlWHU GHU PLW LKQHQ NROODERULHUWH XQG $GPLQLVWUDWRU YRQ LKUHQ *QDGHQ JHZRUGHQ ZDU QDFKGHP HU GLH UHFKWPlLJH $GPLQLVWUDWRULQ 6\DUD *DUILHOG PLW +LOIH GHU hEHUVFKZHUHQDEJHVHW]WKDWWH (UKDWWHGHQ7RGYHUGLHQWJHQDXZLHDOOH.ROODERUDWHXUH +DSORU ZXWH ZDV JHVFKHKHQ ZDU EH]LHKXQJVZHLVH GDV ZDV QDFK RIIL]LHOOHU 'DUVWHOOXQJGHU6DWDQVEUXWJHVFKHKHQVHLQVROOWH 1DFK HLQHP 6SUHQJVWRIIDQVFKODJ DXI GDV +DXSWTXDUWLHU GHV 3ROLWLVFKHQ *RXYHUQHPHQWV YRQ /DVW +DUERU LQ +H\QDU &LW\ KDWWHQ GHU .RPPDQGHXU GHV +HLPDWNRQWLQJHQWV /HWLFURQV GHUHQ 0LWJOLHGHU VLFK /HWLFURQV 7HXIHO QDQQWHQ ,NVFKDEDQ XQG GHU 3ROLWLVFKH 'LUHNWRU GHU %HVDW]XQJVPDFKW IU /DVW +DUERU .XEODNRQGLH³XQQDFKVLFKWLJHXQGDEVFKUHFNHQGH%HVWUDIXQJGHU%DQGLWHQYRQ +H\QDU&LW\DQJHRUGQHW *HPHLQWZDUGDPLWGLHEUXWDOH(UPRUGXQJGHUJHVDPWHQ6WDGWEHY|ONHUXQJ +DSORU ZXWH QLFKW JHQDX ZRGXUFK GHU EHUHLWV VHLW GUHL 6WXQGHQ IODPPHQGH 9XONDQHU]HXJWZXUGH(UQDKPDQGD/HWLFURQV7HXIHOHLQH:DIIHEHQXW]WHQ GLH DXI HLQHP QXNOHDUHQ .HUQEUDQGSUR]H EDVLHUWH $EHU HU ZXWH GD GHU GXUFKGLHUXQG0HWHUGXUFKPHVVHQGHXQGELVLQ0HWHU7LHIHUHLFKHQGH 6WDGWWREHQGH)HXHUVWXUPDOOHQ6DXHUVWRIIDQVLFKULXQGPLWYHUEUDQQWHVRGD GLH%HZRKQHUHUVWLFNWZlUHQKlWWHGLHXQJHKHXUH+LW]HVLHQLFKWOlQJVW]X$VFKH YHUEUDQQW 'DIU ZUGH GLH 6DWDQVEUXW EHQ XQG GHU .ROODERUDWHXU GHU HUVWHQ 6WXQGH QRFKYRULKQHQ +DSORU 0F1DLU GDFKWH GDUDQ ZDV GLH hEHUVFKZHUHQ LQ GHQ YHUJDQJHQHQ HOI -DKUHQDXVGHP3DUDGLHV/DVW+DUERUJHPDFKWKDWWHQ $OV HUVWHV KDWWHQ VLH 0DVVHQKLQULFKWXQJHQ GXUFKJHIKUW XP $QJVW XQG 6FKUHFNHQ ]X YHUEUHLWHQ 'DQDFK ZDUHQ VLH GDUDQJHJDQJHQ PLW +LOIH GHV .ROODERUDWHXUV +LUX .DPEDQG-DUYLV HLQHQ $SSDUDW YRQ )XQNWLRQlUHQ DXI]XEDXHQGHUDOVSV\FKRORJLVFKHU3XIIHU]ZLVFKHQLKQHQXQGGHU%HY|ONHUXQJ GLHQWH XQG IU VLH GLH 'HPRQWDJH DOOHU ZHUWYROOHQ $QODJHQ XQG (LQULFKWXQJHQ GLH 8PVWHOOXQJ GHU 3URGXNWLRQ DXI KRFKZHUWLJVWH ([SRUWJWHU XQG GHQ 8PVWHOOXQJVSUR]H YRQ KXPDQHU /RKQDUEHLW DXI DXVSRZHUQGH =ZDQJVDUEHLW

RUJDQLVLHUWH 'LH HUVWHQ SDDU -DKUH KDWWH VLFK GLH %HY|ONHUXQJ YRQ /DVW +DUERU GXUFK GLH EHVFKZ|UHQGHQ 5HGHQ GHV .ROODERUDWHXUV KLQKDOWHQ XQG EHVFKZLFKWLJHQ ODVVHQ XQG DOOH DXIHUOHJWHQ 3UIXQJHQ HUWUDJHQ 'RFK GDQQ DOV GHU /HEHQVVWDQGDUG XQWHUGDV([LVWHQ]PLQLPXPJHVXQNHQZDUDOVGLH.lOWHLQGLH&LW\VHLQ]RJDOV LP *HIROJH GHU VWlQGLJHQ (QWEHKUXQJHQ (SLGHPLHQ LPPHU PHKU 7HUNDQHU GDKLQUDIIWHQ XQG GLH $UEHLWVEHGLQJXQJHQ LQ GHQ 0LQHQ +WWHQZHUNHQ XQG 6FKLIIVZHUIWHQXQHUWUlJOLFKZXUGHQEHJHKUWHGLH%HY|ONHUXQJDXI (V NDP ]X 6WUHLNV XQG 3URWHVWNXQGJHEXQJHQ GHU )XQNWLRQlUVDSSDUDW ZXUGH GDYRQJHMDJWXQGGXUFK9RONVNRPLWHHVHUVHW]W'LH%HVDW]XQJVPDFKWVDKXQWlWLJ ]XELVGLH%HY|ONHUXQJGLH$EVFKDIIXQJGHU%HYRUPXQGXQJGXUFKGDV.RQ]LO GHU6LHEHQIRUGHUWH 'DQQVFKOXJHQ/HWLFURQV7HXIHOKDUWXQGHUEDUPXQJVORV]X )DVW HLQ -DKU ODQJ KLHOW GDV HUVFKUHFNWH XQG HLQJHVFKFKWHUWH 9RON VWLOO GDQQ EHZDIIQHWHHVVLFKXQEHPHUNWZLHHVJODXEWHXQGOLHGDQQVHLQH'LYLVLRQHQ DQJUHLIHQ 6LHNRQQWHQ$QIDQJVHUIROJHHUULQJHQDEHUGDQDFKOLHHQGLH%HVDW]HULKUHOlQJVW VRUJIlOWLJJHSODQWHQXQGYRUEHUHLWHWHQ*HJHQPDQDKPHQDQODXIHQ 'LH ORJLVWLVFKHQ 6\VWHPH GHU $XIVWlQGLVFKHQ ZXUGHQ ]HUVFKODJHQ LKUH 'LYLVLRQHQ GXUFK JHVFKLFNWH WDNWLVFKH 6FKDFK]JH LQ EHVWLPPWH 5LFKWXQJHQ JHOHQNW GLH DXVQDKPVORV LQ GLH $XHQZHOW IKUWHQ 'RUW OHEWHQ VLH QRFK VR ODQJH ZLH LKUH /XIWUHJHQHULHUXQJ DUEHLWHWH GDQQ GHFNWH GHU $PPRQLDNVFKQHH LKUH/HLFKHQ]X 'UHL7DJHWREWHQGLH.lPSIHGDQQ]RJGLH6WLOOHGHV7RGHVXQGGHU2KQPDFKW LQ GLH &LW\V HLQ 'LH DXVJHODXJWH JHVFKODJHQH XQG HQWZDIIQHWH %HY|ONHUXQJ UHVLJQLHUWH 6LH OHEWH XQG DUEHLWHWH QXU QRFK URERWHUKDIW HLQ +HHU YRQ $UEHLWVVNODYHQGDVYRQ+XQJHUXQG.UDQNKHLWHQGH]LPLHUWZXUGH 'DPLW NRQQWHQ GLH %HVDW]HU QDWUOLFK NHLQHQ 3URILW KHUDXVVFKLQGHQ 6LH EHVDQQHQ VLFK GHVKDOE DXI HLQ ³KXPDQHUHV 9RUJHKHQ HUK|KWHQ GLH /HEHQVPLWWHOUDWLRQHQ YHUJU|HUWHQ GLH =XZHQGXQJHQ IU 6WDGWNOLPDWLVLHUXQJ XQGKHL]XQJRUJDQLVLHUWHQGLH9HUVRUJXQJPLW$ONRKROXQGOLHHQGLH7HUNDUHU ]XP7DEDNUDXFKHQDQLPLHUHQ 6HLWGHP ZDUHQ 3URGXNWLYLWlW XQG ([SRUW VWHWLJ JHVWLHJHQ 9LHOH 7HUNDUHU DN]HSWLHUWHQ GDV /HEHQ NQDSS EHU GHP ([LVWHQ]PLQLPXP XQG HUWUlQNWHQ LKUH 6RUJHQ LP UHLFKOLFK DQJHERWHQHQ $ONRKRO XQG GHU 6WHLJHUXQJ VHLQHU 6XFKWZLUNXQJGXUFKGDV7DEDNUDXFKHQ 'RFKQLFKWDOOH7HUNDUHUOLHHQVLFKIDOOHQ 'HU 9RONVKHOG 'HPLQ 6DUNRQLV JUQGHWH VHLQH %HIUHLXQJVIURQW LQ GHU HU YRU DOOHPMQJHUH0lQQHUXPVLFKVFKDUWH(UYHUNQGHWHRIIHQVHLQ=LHOHUVWHQVGLH %HVDW]HU YRQ /DVW +DUERU ]X YHUWUHLEHQ RGHU ]X W|WHQ ² XQG ]ZHLWHQV GLH 9RUKHUUVFKDIWGHV.RQ]LOVLQGHU*DOD[LV0LOFKVWUDH]XEUHFKHQXQGGHQ.ULHJ LQGLH*DOD[LHQGHU.RQ]LOVY|ONHU]XWUDJHQ +DSORU 0F1DLU ZXWH GD GLH %HIUHLXQJVIURQW GLHVH =LHOH HUUHLFKHQ ZUGH GHQQ 'HPLQ 6DUNRQLV ZDU NHLQ JHZ|KQOLFKHU 7HUNDUHU VRQGHUQ HLQ *RWW GHU

YRQ GHU 9RUVHKXQJ JHVFKLFNW ZRUGHQ ZDU XP GLH 6FKDQGH GHU .RQ]LOVKHUUVFKDIW]XEHVHLWLJHQ :HUXQWHUVHLQHU)KUXQJNlPSIWHXQGGDEHLILHOZUGHQDFK:DOODKDYHUVHW]W ZHUGHQ MHQH LQ HLQHU K|KHUHQ 'LPHQVLRQ DQJHVLHGHOWH :HOW DXV GHU GLH 9RUVHKXQJ'HPLQ6DUNRQLVJHKROWKDWWH 9HU]FNW GDFKWH +DSORU GDUDQ ZHOFKH )UHXGHQ LKQ GRUW HUZDUWHWHQ $EHU QRFK ZDU HV ]X IUK IU GLH $EEHUXIXQJ =XHUVW PXWH HU QDFK GHP :LOOHQ GHU 9RUVHKXQJXQGGHP%HIHKO'HPLQ6DUNRQLV VHLQH+HLOLJH0LVVLRQHUIOOHQ 6HLQH $XJHQ IXQNHOWHQ IDQDWLVFK DOV HU DP +RUL]RQW HLQHV GHU :DO]HQVFKLIIH VDKGDV/DVW+DUERU&LW\GLH+HLOLJH6WlWWHGHU(UVWHQ%HVLHGOXQJEHZDFKWH *OHLFK HLQHP VFKZDU]HQ 8QJHKHXHU ODJ HV XQWHU GHU U|WOLFK OHXFKWHQGHQ :RONHQGHFNH GHV +LPPHOV EHVFKLHQHQ YRP *HJHQOLFKW +RW %HDVWV HLQH $XVJHEXUWGHV %|VHQ 'DKLQWHU Z|OEWH VLFK GLHIODFKH.XSSHO GHUREHUHQ &LW\ $EGHFNXQJDXVGHQHQGORVHQ$PPRQLDNVFKQHHIHOGHUQ +DSORUVWHXHUWHGHQ3UDOOIHOGVFKOLWWHQVRGDVHLQ.XUVGLFKWDQGHP6FKLIIGHU hEHUVFKZHUHQYRUEHLIKUWH(VKlWWHNHLQHQ6LQQJHKDEWXQEHPHUNWLQGLH&LW\ NRPPHQ]XZROOHQ6HLQ)DKU]HXJZDUVLFKHUOlQJVWDXIHLQHP2UWXQJVVFKLUPLQ GHU.RPPDQGR]HQWUDOHGHV6FKLIIHV]XVHKHQ $OV GHU 3UDOOIHOGVFKOLWWHQ QXU QRFK HWZD 0HWHU YRP :DO]HQVFKLII HQWIHUQW ZDU VDK +DSORU GDV ,PSXOVJHVFKW] HLQHU NOHLQHQ .XSSHO GDV DXI LKQ DXVJHULFKWHW ZXUGH $XHUGHP NRQQWH HU GLH ULHVLJH EOXWURWH %HVFKULIWXQJ DXI GHUVFKZDU]HQ$XHQKOOHOHVHQ:(/7(1=(567g5(5 (UODFKWHK|KQLVFK $OVVLFKLPXQWHUHQ7HLOGHU:(/7(1=(567g5(5HLQH6FKOHXVH|IIQHWHXQG ]ZHL )OXJSDQ]HU GHU hEHUVFKZHUHQ KHUDXVVFKRVVHQ XQG LKQ LQ GLH =DQJH QDKPHQ KLHOW HU DQ XQG VFKDOWHWH GHQ VWDUNHQ (OHNWURPRWRU HLQ GHU GDV 3DQ]HUVFKRWW GHU 6FKOHXVH |IIQHWH (V ZDU HLQHQ 0HWHU GLFN XQG DXV HLQHP 6SH]LDOPDWHULDOGDVMHGHP6WUDKOXQJVDXVEUXFKDXI+RW%HDVWVWDQGKLHOW =ZHL VFKZHUEHZDIIQHWH 5DXPODQGHVROGDWHQ VFKZHEWHQ PLW LKUHQ )OXJDJJUHJDWHQ KHUDQ ODQGHWHQ YRU GHU 6FKOHXVH XQG ZDUWHWHQ ELV +DSORU DXVJHVWLHJHQ ZDU 'DQQ OHXFKWHWHQ VLH LKP PLW LKUHQ +HOPODPSHQ LQV *HVLFKW XQGEHIUDJWHQLKQEHU+HOPIXQN 6HLQH $QWZRUWHQ ZDUHQ NODU SUl]LVH QDFKSUIEDU XQG VHOEVWYHUVWlQGOLFK HUORJHQ 1DFK ZHQLJHQ 0LQXWHQ GXUIWH HU SDVVLHUHQ PLW HQWVSUHFKHQGHQ 6WHPSHOQ LQ VHLQHQ 3DSLHUHQ 'DQDFK QDKP HU .XUV DXI GLH +DXSWVFKOHXVH YRQ /DVW +DUERU &LW\ $XFK GRUW GXUIWH HU SDVVLHUHQ GD VHLQH 3DSLHUH DEJHVWHPSHOW ZDUHQ XQG GLH :(/7(1=(567g5(5LKQLQ]ZLVFKHQDQJHPHOGHWKDWWH +LUX .DPEDQG-DUYLV IURU VHLQH *HIKOH HLQ DOV HU VLFK DXI GHQ :HJ ]XP +DXSWTXDUWLHU GHU 6WUHLWNUlIWH GHV +HWUDQV GHU *DOD[LV 0LOFKVWUDH DXI /DVW +DUERUPDFKWH (VEHVWDQGDXVHLQHPULHVLJHQ%XQNHUDXVPROHNOYHUGLFKWHWHP

.DXIKlXVHUQ 3DVVDJHQ $XWRPDWUHVWDXUDQWV %DUV XQG DXI OLFKWHUIOOWHQ 3OlW]HQ XQG6SULQJEUXQQHQSXOVLHUWKDWWH 'DYRQZDUQLFKWVPHKUYRUKDQGHQ 'HU 'LHQVWJOHLWHU GHV $GPLQLVWUDWRUV KLHOW DQ HLQHU (QHUJLHUDPSH GLH DXV GHP +DXSWTXDUWLHU UDJWH +LUX VWHXHUWH VHLQHQ 3UDOOIHOG5RERWVHVVHO KLQDXV XQG GLH 5DPSH KLQDXI 1DFK ]ZHL 6FKODJDQIlOOHQ LP YHUJDQJHQHQ -DKU ZDUHQ VHLQH %HLQHJHOlKPWZDUVHLQ*HVLFKW]XHLQHU)UDW]HYHU]HUUWXQGZlUHVHLQH6SUDFKH RKQH+LOIVJHUlWXQYHUVWlQGOLFKJHZHVHQ 'LH EHLGHQ VFKZHUEHZDIIQHWHQ hEHUVFKZHUHQ DP REHUHQ (QGH GHU 5DPSH VDOXWLHUWHQ DOV HU ]ZLVFKHQ LKQHQ KLQGXUFKVFKZHEWH (U ZLQNWH LKQHQ ]X GHQQ IU LKQ ZDUHQ QLFKW VLH GLH 9HUEUHFKHU GLH /DVW +DUERU LQ GHQ 7RG WULHEHQ VRQGHUQGLHMHQLJHQGLHLKQHQXQGLKUHQ9RUJHVHW]WHQGLH%HIHKOHHUWHLOWHQ :lKUHQG HU GLH (LJHQVWHXHUXQJ VHLQHV 6HVVHOV GHDNWLYLHUWH ZHLO HU LQ )HUQVWHXHUXQJJHQRPPHQZXUGHGDFKWHHUDQGLHHOI-DKUH]XUFNGLHVHLWGHU %HVHW]XQJ/DVW+DUERUVGXUFKGLHhEHUVFKZHUHQYHUJDQJHQZDUHQ 'LH9RUKHUVDJH 3DUWXVFKNLQVKDWWH VLFKQRFK NUDVVHU HUIOOWDOV+LUXHVGDPDOV LQVHLQHQVFKOLPPVWHQ$OSWUlXPHQHUOHEWKDWWH/DVW+DUERUZDUDP(QGH=ZDU HUODXEWHQGLHhEHUVFKZHUHPGHQ%HZRKQHUQHLQHPDWHULHOOKDOEZHJVJHVLFKHUWH ([LVWHQ] DEHU LQGHP VLH LKQHQ GLH 6HOEVWDFKWXQJ XQG GLH /HEHQVIUHXGH JHQRPPHQ XQG LKQHQ GDIU 6FKWH XQG /DVWHU DXIHUOHJW KDWWHQ ZDU LKQHQ GDV HWKLVFKHXQGPRUDOLVFKH5FNJUDWJHEURFKHQZRUGHQ 6LH WULHEHQ LQ GHQ $EJUXQG 'HU *HLVW ZXUGH PLW $ONRKRO XQG 7DEDN XQG DQGHUHQ 'URJHQ EHWlXEW XQG ]HUUWWHW GLH )DPLOLHQ ZXUGHQ ]HUVW|UW XQG GLH =LYLOLVDWLRQLQV5HLFKGHU)DEHOQYHUZLHVHQ 8QG HU +LUX .DPEDQG-DUYLV VDK VLFK DXHUVWDQGH GLHVH (QWZLFNOXQJ DXI]XKDOWHQ6FKRQRIWKDWWHHUVHLQHQYRUHOI-DKUHQJHIDWHQ(QWVFKOXEHUHXW GLH5ROOHGHV.ROODERUDWHXUV]XEHUQHKPHQXP/DVW+DUERU]XUHWWHQ +lWWH .RPPDQGHXU 3DUWXVFKNLQ ZHLWHUKLQ GHQ 2EHUEHIHKO EHU GLH %HVDW]XQJVWUXSSHQJHKDEWZlUHLKPGDV]ZHLIHOORVJHOXQJHQGHQQ3DUWXVFKNLQ ZDUHLQHKUHQKDIWHU0DQQPLW0RUDODXFKZHQQHUHLQ'LHQHUGHV.ULHJHVZDU $EHU QDFK GHP $E]XJ YRQ 3DUWXVFKNLQ XQG VHLQHV )ORWWHQYHUEDQGV ZDUHQ 7UXSSHQ DXV GHP +HLPDWNRQWLQJHQW GHV +HWUDQV /HWLFURQ JHNRPPHQ ² XQG /HWLFURQV 7HXIHO ZLH VLH VLFK VHOEVW QDQQWHQ KDWWHQ VLFK DOV HLQH %DQGH YRQ SURILWJLHULJHQ VNUXSHOORVHQ 8QWHUGUFNHUQ XQG $XVEHXWHUQ HUZLHVHQ GLH QXU GDV DOV 5HFKW DQHUNDQQWHQ ZDV LKQHQ QW]WH (WKLVFKH XQG PRUDOLVFKH :HUWH H[LVWLHUWHQIUVLHEHUKDXSWQLFKW 'LH7HUNDUHUZDUHQLKQHQKLOIORVDXVJHOLHIHUW(VKDOILKQHQDXFKQLFKWVGDHLQ YHUEOHQGHWHU*U|HQZDKQVLQQLJHUQDPHQV'HPLQ6DUNRQLVHLQH%HIUHLXQJVIURQW JHJUQGHWKDWWHXQGGDGLH.lPSIHUGHU%HIUHLXQJVIURQWGHQHLJHQHQ7RGQLFKW IUFKWHWHQ ZHLO VLH IHVW GDUDQ JODXEWHQ GD LKU )KUHU HLQ *RWW ZDU GHU LKQHQ YRQ GHU 9RUVHKXQJ JHVDQGW ZRUGHQ ZDU XQG GD GLHVHU *RWW VLH QDFK LKUHP 7RGHLQHLQHSDUDGLHVLVFKH:HOWLQHLQHUK|KHUHQ'LPHQVLRQVFKLFNHQZUGH (UEHGDXHUWHGLHVH7HUNDUHUGHQQLKUH0RWLYHZDUHQJXWXQGHGHOQXUZXUGHQ VLHEHORJHQDXVJHQXW]WXQGPLEUDXFKWRKQHGDVLHJHJHQGLHNDPSIHUSUREWHQ

JXWJHQlKUWHQXQGLP6FKXW]YRQ(QHUJLHVFKLUPHQPLWZHLWEHUOHJHQHQ:DIIHQ NlPSIHQGHQhEHUVFKZHUHQGLHJHULQJVWH&KDQFHJHKDEWKlWWHQ (U VHXI]WH VFKZHU DOV VHLQ 6HVVHO YRU GHP 3RUWDO ]XP 6DDO GHU *HUHFKWLJNHLW DQKLHOW 9LHU hEHUVFKZHUH XQG VHFKV .DPSIURERWHU IODQNLHUWHQ HV XQG SUlVHQWLHUWHQLKUH(QHUJLHJHZHKUHEHYRUVLFKGLHPHWHUGLFNHQ6FKRWWKlOIWHQDXV 6$&0HWDOO|IIQHWHQ ³$GPLQLVWUDWRU +LUX .DPEDQG-DUYLV NDQQ SDVVLHUHQ GU|KQWH HLQH /DXWVSUHFKHUVWLPPHDXI ,Q+LUXEURGHOWHGHU=RUQ $GPLQLVWUDWRU (U KDWWH QLHPDOV ZLFKWLJH (QWVFKHLGXQJHQ WUHIIHQ N|QQHQ $OOHV ZDU YRQ GHQ hEHUVFKZHUHQ EHVWLPPW ZRUGHQ (U KDWWH QLFKW HLQPDO HWZDV GDJHJHQ XQWHUQHKPHQ N|QQHQ DOV VLH YRU VLHEHQ -DKUHQ V\VWHPDWLVFK GLH XPZHOWDQJHSDWH )ORUD XQG )DXQD GHU $XHQZHOW DXVURWWHWHQ GHUHQ (UVFKDIIXQJ YRQ GHP LQ]ZLVFKHQ WRWHQ &DSSLQ 5DVWRU XQG LKP VHOEVW LQLWLLHUW XQGYRUDQJHWULHEHQZRUGHQZDU 6HLWGHP ZDU GLH 2EHUIOlFKH /DVW +DUERUV ZLHGHU WRW XQG OHHU ELV DXI GLH 6FKODFKWVFKLIIHGHUhEHUVFKZHUHQ 1LHPDQG ZXWH ZDV DXV GHQ 3DUDV\QWKRV JHZRUGHQ ZDU 'LH hEHUVFKZHUHQ KDWWHQ QDWUOLFK ]ZDQJVOlXILJ YRQ LKUHU ([LVWHQ] HUIDKUHQ XQG HLQH .DPSIGLYLVLRQ ]XP $QWLSRGH 2QH JHVFKLFNW 'RFK GLH $QWLSRGH 2QH ZDU YHUODVVHQ YRUJHIXQGHQ ZRUGHQ XQG GLH 6XFKH LQ GHU QlKHUHQ XQG ZHLWHUHQ 8PJHEXQJXQGWLHIXQWHUGHU3DUD%DVLVZDUHUJHEQLVORVJHEOLHEHQ +LUX KRIIWH VWDUN GD GLH 3DUDV\QWKRV QRFK LUJHQGZR H[LVWLHUWHQ XQG LKUH ([LVWHQ] YRU GHQ hEHUVFKZHUHQ JHKHLPKDOWHQ NRQQWHQ 9LHOOHLFKW YHUPRFKWHQ VLHGHQ7HUNDUHUQ]XKHOIHQZHQQLUJHQGZDQQLQGHU=XNXQIWGLH+HUUVFKDIW GHV .RQ]LOV EHU GLH 0LOFKVWUDH ]XVDPPHQEUDFK XQG GLH hEHUVFKZHUHQ VLFK YRQ/DVW+DUERU]XUFN]LHKHQPXWHQ )DOOVGHQ7HUNDUHUQGDQQQRFK]XKHOIHQZDU 6RYHUVXQNHQZDU+LUXLQVHLQHGVWHUHQ*HGDQNHQGDVHLQ6HVVHOEHLQDKHPLW GHPULHVLJHQ$UEHLWVWLVFKYRQ.RPPDQGHXU,NVFKDEDQNROOLGLHUWZlUH (U KLHOW VHLQHQ 6HVVHO DQ XQG PXVWHUWH GLH EHLGHQ hEHUVFKZHUHQ GLH DXI GHU DQGHUHQ 6HLWH GHV $UEHLWVWLVFKHV VDHQ ,NVFKDEDQ .RPPDQGHXU GHV .RQWLQJHQWV /HWLFURQV 7HXIHO XQG .XEODNRQ 3ROLWLVFKHU 'LUHNWRU GHV *RXYHUQHPHQWV/DVW+DUERULP.ODUWH[W*HKHLPGLHQVWFKHI ³:LHJHKWHV,KQHQ$GPLQLVWUDWRU"HUNXQGLJWHVLFK,NVFKDEDQPLWVIILVDQWHP *ULQVHQ ³6FKOHFKW 6LU DQWZRUWHWH +LUX ³/DVW +DUERU JHKW ]XJUXQGH ZHLO GLH %HZRKQHUNHLQH=XNXQIWVSHUVSHNWLYHVHKHQIUGLHHVVLFK]XOHEHQORKQWH ³$EHUPHLQ/LHEHU6LHEHUWUHLEHQZLHGHUHLQPDOVDJWH.XEODNRQPLW|OLJHU 6WLPPH³.HLQ7HUNDUHUPXKXQJHUQRGHUIULHUHQ²XQGZHUDUEHLWHWXQGVHLQH 1RUP HUIOOW NDQQ VLFK IU HLQHQ %UXFKWHLO VHLQHV 9HUGLHQVWV DOOH )UHXGHQ OHLVWHQGHUHUHUEHGDUI +LUXVFKZLHJYHUELWWHUW

³:LUKDEHQ6LHKHUEHVWHOOWZHLOZLUXQ]XIULHGHQPLW,KQHQVLQG$GPLQLVWUDWRU HUNOlUWH ,NVFKDEDQ LQ YHUELQGOLFKHP 7RQ ³5HEHOOHQ KDEHQ HLQHQ 6SUHQJVWRIIDQVFKODJ DXI GDV +DXSWTXDUWLHU GHV 3ROLWLVFKHQ *RXYHUQHPHQWV LQ +H\QDU &LW\ YHUEW :LHVR ODXIHQ EHUKDXSW QRFK 5HEHOOHQ IUHL KHUXP" 8QG ZRKHUKDWWHQVLHGHQ6SUHQJVWRII" ³.RQYHQWLRQHOOHQ 6SUHQJVWRII NDQQ PDQ PLW JHULQJHQ &KHPLHNHQQWQLVVHQ DXV *UXQGQDKUXQJVPLWWHOQ KHUVWHOOHQ HUZLGHUWH +LUX ³'DV LVW ,KQHQ HEHQIDOOV EHNDQQW 6LU 8QG ZDV GLH 5HEHOOHQ EHWULIIW VR ZDFKVHQ HEHQ LPPHU ZLHGHU ZHOFKHQDFK ³,Q+H\QDU&LW\QLFKWPHKUPHLQ/LHEHUVDJWH,NVFKDEDQXQGZDQGWHVLFKDQ GHQ *HKHLPGLHQVWFKHI ³6DJH GHP $GPLQLVWUDWRU ZLH GX LQ +H\QDU &LW\ GDV 1DFKZDFKVHQYRQ5HEHOOHQHLQIUDOOHPDOXQWHUEXQGHQKDVW.XEODNRQ ³:LU KDEHQ LP 6WDGW]HQWUXP HLQH PRGLIL]LHUWH $UNRQ%RPEH JH]QGHW GLH HLQHQ ]HLWOLFK XQG UlXPOLFK EHJUHQ]WHQ .HUQEUDQG KHUYRUUXIW WHLOWH .XEODNRQ GHP *HQHWLNHU PLW ³,Q LKUHP )HXHUVWXUP VLQG VRJDU GLH *HQH GHU NQIWLJHQ 5HEHOOHQPLWYHUEUDQQW +LUXVFKORGLH$XJHQ (U NRQQWH QLFKW YHUKLQGHUQ GD VHLQH +lQGH YRU *UDXHQ XQG (QWVHW]HQ EHU GLHVH8QWDW]LWWHUWHQ,QGLHVHP*HIKOVVWXUPGDUEHUJLQJVRJDUGLH(UNHQQWQLV XQWHUGDPLWGHQ(LQZRKQHUQYRQ+H\QDU&LW\DXFKVHLQH7RFKWHU1LFROHPLW LKUHU)DPLOLHGLHGRUWZRKQWHXQGDUEHLWHWHXPJHNRPPHQZDU ³0DVVHQP|UGHU VWLH HU VFKOLHOLFK VFKULOO KHUYRU ³.ULHJVYHUEUHFKHU 'DIU VROOWLKUGHUHLQVWLQGHU+|OOHVFKPRUHQ ³'X YHUJLW GD ZLU /HWLFURQV 7HXIHO VLQG XQG IROJOLFK LQ GHU +|OOH XQVHUH 9HUZDQGWHQYRUILQGHQZHUGHQ7DWWHUJUHLVNHLIWH.XEODNRQ³'DIUVROOWHVWGX LKQDXVSHLWVFKHQODVVHQ,NVFKDEDQ ³$EHU QHLQ ZLGHUVSUDFK GHU .RPPDQGHXU VDQIW ³:LU EUDXFKHQ LKQ QRFK OHEHQG(ULVWIUGLH0DVVHQDXI/DVW+DUERUQRFKLPPHUVRHWZDVZLHHLQ/LFKW LP'XQNHOQ ³,FKOHJHPHLQ$PWQLHGHUVFKULH+LUX ³:LU GDFKWHQ VFKRQ GD GX XQV GDPLW GURKHQ N|QQWHVW VDJWH ,NVFKDEDQ ³'HVKDOE KDEHQ ZLU GHLQHU JDQ]HQ 9HUZDQGWVFKDIW LP +DXSWTXDUWLHU *DVWIUHXQGVFKDIWJHZlKUW+LHUZHUGHQVLHELVDQGHLQ/HEHQVHQGHEOHLEHQXQG HV ZLUG LKQHQ JXWJHKHQ VRODQJH GX YHUQQIWLJ EOHLEVW +DVW GX GDVYHUVWDQGHQ +HUU$GPLQLVWUDWRU" ³-DIOVWHUWH+LUX (U DNWLYLHUWH VHLQHQ 3UDOOIHOG5RERWVHVVHO ZHQGHWH XQG VFKZHEWH KLQDXV RKQH GDMHPDQGYHUVXFKWKlWWHLKQ]XUFN]XKDOWHQ (U KlWWH DXFK QLFKW GDUDXI UHDJLHUW GHQQ HU ZDU HLQ UHVWORV JHEURFKHQHU 0DQQ GHU]XU=HLWJDUQLFKWZXWHZRKLQHUZROOWH(UZXWHQXUGDHUDPOLHEVWHQ WRWJHZHVHQZlUH ,UJHQGZDQQHUUHLFKWHHUGHQ%ORFNLQGHPHUHLQNOHLQHV$SDUWPHQW]XVDPPHQ PLW /HUHLOOH EHZRKQWH (U EHPHUNWH GLH EHLGHQ )OXJSDQ]HU YRQ /HWLFURQV 7HXIHOQ QLFKW PHKU EHZXW GHQQ VLH VWDQGHQ VFKRQ VHLW -DKUHQ KLHU XP GLH

)XQNWLRQlUHGLHGHQ%ORFNEHZRKQWHQYRULKUHPHLJHQHQ9RON]XVFKW]HQ(V ZDU DXFK ELVKHU QLFKW LQ VHLQ JHVFKRFNWHV %HZXWVHLQ JHVLFNHUW GD HU VHLQH )UDX QLFKW LQ LKUHP $SDUWPHQW YRUILQGHQ ZUGH ZHLO ,NVFKDEDQ VLH ]XVDPPHQ PLW VHLQHQ DQGHUHQ 9HUZDQGWHQ DOV *HLVHOQ LQV +DXSWTXDUWLHU KDWWH EULQJHQ ODVVHQ (UGDFKWHSUDNWLVFKDQQLFKWV $OV GLH 1DGHO DXV +3&1HUYHQJLIW LKQ PLW JURHU :XFKW LQ GHQ 5FNHQ WUDI VSUWH HU QLFKW HLQPDO GDV 6HLQH )H WUXJHQ LKQ QRFK ]ZHL 6FKULWWH ZHLWHU GDQQYHUVDJWHQVLHLKPGHQ'LHQVW +LUX.DPEDQG-DUYLVZDUEHUHLWVWRWDOVVHLQ2EHUN|USHUDXIGHP6WUDHQEHODJ DXIVFKOXJ 6HLQ 0|UGHU VWDUE HLQH 6HNXQGH VSlWHU GHQQ +DSORU 0F1DLU KDWWH IU GLH hEHUVFKZHUHQ LQ GHQ EHLGHQ )OXJSDQ]HUQ QXU VRODQJH KDUPORV DXVJHVHKHQ ELV HU GHQ VHOEVWJHEDXWHQ +RFKGUXFN1DGOHU KRFKJHULVVHQ XQG GHP $GPLQLVWUDWRU HLQH+3&1DGHOLQGHQ5FNHQJHVFKRVVHQKDWWH 9RQLKPXQGHLQHP7HLOGHV6WUDHQEHODJVEOLHEQXUHLQH'DPSIZRONHEULJ $' 5DKDUL .DPEDQG-DUYLV YHUVWHLIWH VLFK ,KUH $XJHQ |IIQHWHQ VLFKZHLW XQG LKUH +lQGH XPVSDQQWHQ GLH $UPOHKQHQ GHV 6HVVHOV VR IHVW GD GLH .Q|FKHO ZHL KHUYRUWUDWHQ 6HNXQGHQVSlWHUEHZHJWHQVLFKLKUH/LSSHQODXWORVZlKUHQG:LQJIRU.DPEDQG -DUYLV VHLQH .XVLQH 6KXIX .DPEDQG-DUYLV VRZLH 3XKUL *DUILHOG VLH JHVSDQQW EHREDFKWHWHQ 3O|W]OLFKIRUPWHQGLH/LSSHQ5DKDULVGHQHUVWHQ/DXW 1RFKZDUHUXQYHUVWlQGOLFKGRFKGDQQVDJWHQVLHJOHLFKHLQHQJDQ]HQ6DW] ³,FKKDEHHVJHVFKDIIW 3XKUL*DUILHOGKROWHWLHI/XIW ³6LQJKDQ"IUDJWHVLH]DJKDIW 5DKDULQLFNWH ³-D LFK ELQ HV GHLQ %UXGHU HUNOlUWH VLH ³(V KDW JHNODSSW )UHXQGH 'LH DOWH )lKLJNHLWGHU$KQHQKDWVLFK'XUFKEUXFKYHUVFKDIIW,FKELQHLQ3HGRWUDQVIHUHU XQGLKUN|QQWHVHEHQIDOOVVHLQ ³(VLVWXQKHLPOLFKIOVWHUWH6KXIX³(VLVWDOVRE5DKDULVSUlFKHGDEHLELVWGX HV6LQJKDQ:DVLVWDXV5DKDULV%HZXWVHLQJHZRUGHQ" ³(V H[LVWLHUW QRFK DQWZRUWHWH 6LQJKDQ PLW 5DKDULV 0XQG ³$EHU HV OLHJW VR]XVDJHQ XQWHU PLU XQWHU PHLQHP %HZXWVHLQ $OOHV LVW VR ZLH GLH hEHUOLHIHUXQJHQ EHVDJHQ ,FK YHUVWHKH QLFKW ZDUXP XQVHUH (OWHUQ XQG *URHOWHUQGLHVH)lKLJNHLWQLHPDOVDQZDQGWHQ ³6LH YHUGUlQJWHQ GDV :LVVHQ XP GLH 3HGRWUDQVIHULHUXQJ HUNOlUWH :LQJIRU HUQVW ³:LH HV KHLW NDPHQ GLH FDSSLQVFKHQ 9RUIDKUHQ GHU 7HUNDUHU DOV ,QYDVRUHQQDFK /DVW+DUERU EHUQDKPHQ GLH ZLFKWLJVWHQ/HXWH HUULFKWHWHQHLQ 6FKUHFNHQVUHJLPH XQG ZXUGHQ YRQ GHQ WHUUDQLVFKHQ 9RUIDKUHQ PLW +LOIH GHU 3DUDV\QWKRV EHVLHJW 'DPDOV VFKZRUHQ VLH GHU 3HGRWUDQVIHULHUXQJ DE ,KUH

1DFKNRPPHQEHVDHQGLH)lKLJNHLWGD]XVFKOXPPHUQGLQLKUHQ*HQHQDEHUVLH ZROOWHQVLHQLFKWDQZHQGHQ ³:HLOVLHDOV:DIIHPLEUDXFKWZHUGHQNDQQVDJWH3XKUL ³2GHUJHEUDXFKWZDQGWH6KXIXHLQ ³:DVLVWPLWGHLQHP.|USHU6LQJKDQ"IUDJWH:LQJIRU³,VWHU]XHLQHUVWDUUHQ EODVLJHQ0DVVHJHZRUGHQZLHGLHhEHUOLHIHUXQJEHULFKWHW" ³'DV ZHL LFK QLFKW HUZLGHUWH 6LQJKDQ XQVLFKHU ³$EHU LKU VROOWHW QDFKVHKHQ GDPLWZLUGDUEHU*HZLKHLWHUODQJHQ ³8QGGXDXFKVDJWHVHLQH.XVLQH3XKULXQGVWDQGDXI³.RPPWDOOHPLW 6LQJKDQ ZDU IU HLQHQ 0RPHQW LUULWLHUW DOV HU ]XP HUVWHQPDO GHQ .|USHU HLQHU DQGHUHQ 3HUVRQ DOV *DQ]KHLW VWHXHUQ ZROOWH (V ZDU HLQ HLJHQDUWLJHV *HIKO ]XPDO GLHVH DQGHUH 3HUVRQ HLQH ZHLEOLFKH 3HUVRQ ZDU $EHU HV IXQNWLRQLHUWH 6LQJKDQJLQJPLWVHLQHQ)UHXQGHQLQGHQ1HEHQUDXPDXVGHPKHUDXVHU5DKDULV 8%6().RQVWDQWHHLQJHSHLOWXQGGDQDFKVHLQ%HZXWVHLQLQVLHJHVFKLFNWKDWWH $OVHUGHQ1HEHQUDXPEHWUDWWUDIHVLKQEHLQDKHZLHHLQHOHNWULVFKHU6FKODJ 'HU VFKHXOLFKH $QEOLFN GHV PLQGHVWHQV VHFK]LJ .LORJUDPP 0DVVH HQWKDOWHQGHQ DEJHIODFKWHQ +DXIHQV DXV HWZDV GDV HUVWDUUWHU VFKDXPLJHU *HODWLQH lKQHOWH ZDU VR VFKRFNLHUHQG IU LKQ GD HU EHLQDKH DXV 5DKDUL JHIOFKWHWZlUH 'RFKHUNRQQWHGLHVHQ,PSXOVXQWHUGUFNHQ (UPXWHLKQXQWHUGUFNHQGHQQLKPJLQJHVGDUXPGHQ)UHXQGHQ]XEHZHLVHQ GDGLH)lKLJNHLWGHU3HGRWUDQVIHULHUXQJQLFKWWRWZDUVRQGHUQQDFK-DKUHQ GHU9HUGUlQJXQJEHUPHKUHUH*HQHUDWLRQHQKLQZHJJHQDXVREHKHUUVFKWZHUGHQ NRQQWHZLHGLHWDNHULVFKHQ9RUIDKUHQGHU7HUNDUHUVLHEHKHUUVFKWKDWWHQ 8QGJHQDXGDVPXWHVHLQGHQQVRQVWVWDUE/DVW+DUERU 'LH 6FKUHFNHQVKHUUVFKDIW YRQ /HWLFURQV 7HXIHOQ KDWWH VLFK VHLW GHU (UPRUGXQJ YRQ +LUX .DPEDQG-DUYLV GHP *URYDWHUV YRQ 5DKDUL XQG :LQJIRU VWHWLJ YHUVFKOLPPHUW 'LH %HIUHLXQJVIURQW GHV ³*RWWHV 'HPLQ 6DUNRQLV KDWWH UXQG ]HKQ -DKUH ODQJ YHUVXFKW GXUFK 7HUURU JHJHQ GLH VRJHQDQQWHQ .ROODERUDWHXUH GLH 0DFKW GHU hEHUVFKZHUHQ ]X EUHFKHQ (V ZDU YRQ YRUQKHUHLQ HLQ DXVVLFKWVORVHV 8QWHUIDQJHQ JHZHVHQ 'LH hEHUVFKZHUHQ KDWWHQ MHGHQ $QVFKODJ PLWPDVVLYHQ9HUJHOWXQJVPDQDKPHQEHDQWZRUWHW 6LHEHQ &LW\V ZDUHQ GDEHL GXUFK DWRPDUH )HXHUVWUPH YHUQLFKWHW ZRUGHQ 9RQ HKHGHP 0LOOLRQHQ 7HUNDUHUQ OHEWHQ QRFK NQDSS 0LOOLRQHQ $EHU LKU 'DKLQYHJHWLHUHQZDUNDXPQRFK/HEHQ]XQHQQHQ (V PXWH HWZDV JHVFKHKHQ GDV VLH ZLHGHU SV\FKLVFK DXIULFKWHWH GDV LKQHQ LKU 6HOEVWEHZXWVHLQ]XUFNJDEXQGGDVHVHUODXEWH3OlQHIUHLQHEHVVHUH=XNXQIW YRQ/DVW+DUERU]XVFKPLHGHQ =XGLHVHP=ZHFNKDWWHHUPLWVHLQHQ)UHXQGHQGHQ%XQGGHU/|ZHQJHJUQGHW GHQQ GHQ /HJHQGHQ QDFK ZDU HLQVW DXI 7HUUD HLQHU GHU EHLGHQ 8UVSUXQJVSODQHWHQGHU7HUNDUHUGHU/|ZHGHU+HUUGHV7LHUUHLFKVJHZHVHQXQG EHLGHQ0HQVFKHQGDV6LQQELOGIU0XW.UDIWXQG6WRO] *HQDX GLHVH (LJHQVFKDIWHQ ZROOWH 6LQJKDQ ZLHGHU EHL DOOHQ 7HUNDUHUQ ZHFNHQ DEHUQLFKWGXUFKEOLQGZWLJH7RGHVHLQVlW]HZLHEHLGHUVRJXWZLHYHUQLFKWHWHQ

%HIUHLXQJVIURQW VRQGHUQ GXUFK 5HDNWLYLHUXQJ HLQHV DOWHQ (UEJXWV XQG VHLQH ZRKOEHGDFKWHSODQPlLJHXQGJHKHLPH$QZHQGXQJ 'XUFKhEHUQDKPHGHV)KUXQJVVWDEVGHU%HVDW]XQJVPDFKW ³:LUKDEHQJHQXJJHVHKHQGHQNHLFKVDJWH6KXIX6FKHU]KDIWIJWHVLHKLQ]X ³/lQJHU N|QQWH LFK GHQ $QEOLFN GLHVHV VFKHXOLFKHQ 0RQVWUXPV DXFK QLFKW HUWUDJHQ6LHGHXWHWHDXI6LQJKDQV5HGXNWLRQVN|USHU ³1DZDUWHGURKWH6LQJKDQ 'DQDFK NRQ]HQWULHUWH HU VLFK GDUDXI 5DKDULV .|USHU ZLHGHU ]X YHUODVVHQ XQG ]ZDU VR GD VLH VLFK DQVFKOLHHQG GDUDQ HULQQHUWH 'DV ZDU LQ GHU 5HJHO QXU GDQQ P|JOLFK ZHQQ GHU .|USHU HLQHV 3HGRRSIHUV YRQ VHLQHP %HKHUUVFKHU IOXFKWDUWLJ YHUODVVHQ ZXUGH DEHU IDOOV GHU 3HGRWUDQVIHUHU GHP XQWHUGUFNWHQ %HZXWVHLQ QDFK XQG QDFK GLH *HZDOW EHU GHQ HLJHQHQ .|USHU ]XUFNJDE ZlKUHQG HU VHOEHU QRFK DQZHVHQG ZDU JDE HV QLFKW GLH JHULQJVWH (ULQQHUXQJVOFNH 6REHVDJWHQHVMHGHQIDOOVGLHhEHUOLHIHUXQJHQ 6LQJKDQKLHOWVLFKJHQDXDQGDV³5H]HSWXQGLQGHP0RPHQWLQGHP5DKDULV %HZXWVHLQ GLH YROOH *HZDOW EHU LKUHQ .|USHU ]XUFNHUODQJW KDWWH XQG HU VLH JHUDGHYHUODVVHQZROOWHPDFKWHHUHLQH(QWGHFNXQJ 5DKDULOLHEWHLKQ (U ZDU EHUZlOWLJW YRQ GLHVHU (UNHQQWQLV GHQQ HU OLHEWH VLH HEHQIDOOV KDWWH HV DEHUWURW]VHLQHU-DKUHQLHPDOVJHZDJWLKUVHLQH/LHEH]XJHVWHKHQ ,FKKlWWHHVDXFKQLHJHZDJWWHLOWHLKU%HZXWVHLQGHPVHLQHQPLWEHYRUHULQ VHLQHQ.|USHU]XUFNNHKUWH ³:LU DOOH EHKHUUVFKHQ GLH .XQVW GHU $OWHQ VWHOOWH 6LQJKDQ *DUILHOG IHVW QDFKGHP DEZHFKVHOQG MHGHU MHGHQ EH]LHKXQJVZHLVH MHGH EHUQRPPHQ JHKDEW KDWWH ³:LH JHKHQ ZLU YRU" ,FK KDWWH HV PLU VR JHGDFKW GD ZLU GLH IQI hEHUVFKZHUHQDQGHU6SLW]HGHU%HVDW]XQJVPDFKWEHUQHKPHQHLQHVFKULWWZHLVH =XUFNQDKPH GHU 5HSUHVVLRQHQ GXUFKIKUHQ GLH 6ROGDWHQ GLV]LSOLQLHUHQ XQG LUJHQGZDQQXQWHUVWLFKKDOWLJHU%HJUQGXQJPLWGHPJDQ]HQ)ORWWHQYHUEDQG/DVW +DUERUYHUODVVHQ ³:lUHHVQLFKWEHVVHUPHKUDOVQXUIQIhEHUVFKZHUH]XEHUQHKPHQ"ZDQGWH :LQJIRU HLQ ³6FKOLHOLFK VLQG ZDKUVFKHLQOLFK DOOH IQI 0LOOLRQHQ 7HUNDUHU ODWHQWH3HGRWUDQVIHUHU ³(VZlUHVLFKHUEHVVHUZHQQGLHEHWUHIIHQGHQ3HGRWUDQVIHUHUHLQHJHVFKXOWHXQG GLV]LSOLQLHUWH 7UXSSH ZlUHQ HUNOlUWH 5DKDUL ³6R DEHU PWHQ ZLU PLW 9HUVDJHUQUHFKQHQGLHXQVHUHJDQ]H3ODQXQJXPVWRHQZUGHQ ³:HQLJHULVWLQGLHVHP)DOOHPHKUSIOLFKWHWH3XKULLKU]X ³8QG ZHQQ ZLU XQV QRFK KXQGHUW /HXWH DXVVXFKHQ XQG VFKXOHQ" PHLQWH :LQJIRU ³:LH VROOWHQ ZLU VLH DXVVXFKHQ XQG ZR VROOWHQ ZLU VLH VFKXOHQ" IUDJWH VHLQH .XVLQH6KXIX 6LHPDFKWHHLQHGLH8PJHEXQJXPIDVVHQGH+DQGEHZHJXQJ ³:LU OHEHQ LP JHKHLPHQ LQ HLQHU LQ VLFK JHVFKORVVHQHQ :HOW GLH QRFK YRQ XQVHUHP JHPHLQVDPHQ 2SD +LUX JHSODQW XQG YRQ VHLQHP 6RKQ XQG PHLQHP

2QNHO 5DVWRU JHPHLQVDP PLW 3XKULV 0XWWHU 6DUD GLH 7RFKWHU GHU IUKHUHQ $GPLQLVWUDWRULQ6\DUDDXIJHEDXWZXUGHIXKUVLHIRUW ³6DUDKXQG5DVWRUQDFKGHP7DNHUHU5DVWRUXQGGHP7HUUDQHU+LUXGLHEHLGHQ JHQLDOVWHQ*HQHWLNHUGHU:HOWKDEHQGDV/HEHQJH]FKWHWGDVXQWHUQDWUOLFKHQ 8PZHOWEHGLQJXQJHQ YRQ /DVW +DUERU H[LVWLHUW XQG GDEHL LQQHUKDOE GHU .XJHOVFKDOH GLH HV JHIRUPW KDW HLQH :HOW PLW GHQ IU 7HUNDUHU LGHDOHQ %HGLQJXQJHQ ELOGHWH 6R VLQG ZLU QLFKW DEKlQJLJ YRQ GHQ &LW\V XQG LKUHQ $QODJHQ 'DGXUFK N|QQHQ ZLU LQ XQVHUHU )UHL]HLW LP YHUERUJHQHQ DUEHLWHQ OHUQHQ XQG SODQHQ RKQH GD GLH hEHUVFKZHUHQ RGHU LKUH 6SLW]HO HWZDV GDYRQ PHUNHQ 6REDOG ZLU DEHU XQVHUH =DKO PHUNOLFK HUK|KHQ VWLHJH GDV 5LVLNR GD XQVHU 6FKOXSIZLQNHOHQWGHFNWZUGHLQHLQHQLFKWYHUWUHWEDUH+|KH1HLQZLUPVVHQ XQWHUXQVEOHLEHQ ³'DVLVWULFKWLJSIOLFKWHWH6LQJKDQLKUEHL 6HLQH *HGDQNHQ VFKZHLIWHQ ]X VHLQHP 9DWHU *RQDQ DE GHU WURW] VHLQHV KRKHQ $OWHUVYRQ-DKUHQ7HUUD]HLWQRFKOHEWHXQGVHLQHU6FKZHVWHU6DUDKGLH -DKUH DOW ZDU XQG HEHQIDOOV QRFK OHEWH EHL GHU )RUWIKUXQJ LKUHU JHQFKLUXUJLVFKHQ ([SHULPHQWH XQG GHU :HLWHU]FKWXQJ GHV JHPHLQVDP YRQ LKU XQG GHP YHUVWRUEHQHQ 5DVWRU ,, JHVFKDIIHQHQ 1HXHQ /HEHQV ELV ]XU 2SWLPLHUXQJ VHLQHU ZXQGHUEDUHQ )lKLJNHLWHQ XQWHUVWW]WH (U ZDU ]ZDU NHLQ JHQLDOHU *HQHWLNHU DEHU HLQ 0DQQ GHU 3UD[LV GHU GLH WHFKQLVFKH 6HLWH GHU 9RUJlQJHEHKHUUVFKWHXQGIU1DFKVFKXEDQ0DWHULDOVRUJWH 'LH hEHUVFKZHUHQ DKQWHQ QLFKWV GDYRQ GD *RQDQ 6DUDK XQG *DUU\ GHU MQJVWH6RKQYRQ-HSX.DPEDQG-DUYLVGHUDEHUDXFKVFKRQ-DKUHDOWZDU QRFK OHEWHQ 9RU -DKUHQ VFKRQ ZDU LKQHQ LKU 7RG XQG LKUH %HVWDWWXQJ YRUJHWlXVFKW ZRUGHQ GDPLW VLH XQJHVW|UW LQ HLQHP QDWUOLFKHQ +|KOHQV\VWHP YRQ /DVW +DUERU GDV YRQ /DVW +DUERU &LW\ DXV GXUFK HLQHQ DOWHQ )RUVFKXQJVWXQQHO GHVVHQ =XJDQJ VWDGWVHLWLJ SHUIHNW JHWDUQW ZDU GHQ 6FKOXSIZLQNHODXVEDXHQXQGEHOHEHQNRQQWHQ 3ODFHKDWWHQVLHGLHVHQ2UWJHWDXIW 9RQKLHUDXVVROOWHGLH%HIUHLXQJGHU7HUNDUHUYRQ/DVW+DUERUVHLQHQ$XVJDQJ QHKPHQ ³,FK EHXJH PLFK GHQ ORJLVFKHQ $UJXPHQWHQ VDJWH :LQJIRU ³:HOFKH hEHUVFKZHUHQ VROOHQ EHUQRPPHQ ZHUGHQ ² DXHU ,NVFKDEDQ XQG .XEODNRQ VHOEVWYHUVWlQGOLFK" ³9DUNDVVL6XQREHVVXQG'DLFRUVDJWH3XKUL*DUILHOG³6LHKDEHQGHQJU|WHQ (LQIOX DXI .RPPDQGHXU ,NVFKDEDQ XQG *HKHLPGLHQVWFKHI .XEODNRQ XQG JHQLHHQDXHUGHPKRKHV$QVHKHQEHLGHQ5DXPODQGHWUXSSHQ'DVKDEHLFKPLW PHLQHP.XVLQUHFKHUFKLHUW 6LQJKDQQLFNWHXQGHUNOlUWH ³:DV DEHU QLFKW KHLW GD DQGHUH 9RUVFKOlJH QLFKW HUQVWKDIW JHSUIW ZUGHQ )UHXQGH (V JDE QRFK HLQ SDDU DQGHUH 9RUVFKOlJH DEHU GLH HUVWHQ ZXUGHQ QDFK NXU]HU 'LVNXVVLRQDOOJHPHLQDOVGLHEHVVHUHQDQHUNDQQW'DQDFKZXUGHQRFKIHVWJHOHJW

ZHUZHQEHUQHKPHQVROOWH 'LH(QWVFKHLGXQJVDKVRDXV 6LQJKDQEHUQLPPW,NVFKDEDQ :LQJIRUEHUQLPPW.XEODNRQ 5DKDULEHUQLPPW9DUNDVVL 6KXIXEHUQLPPW6XQREHVV 3XKULEHUQLPPW'DLFRU 'HU=HLWSXQNWGHUhEHUQDKPHZXUGHDXIGHQIUKHQ0RUJHQGHVQlFKVWHQ7DJHV IHVWJHOHJW 'DGXUFK EUDXFKWHQ GLH IQI ³/|ZHQ QLFKW PHKU DQ LKUH $UEHLWVSOlW]H ]X JHKHQ ZDV VLH IU ]Z|OI 6WXQGHQ JHEXQGHQ KlWWH GHQQ QLHPDQGGXUIWHZlKUHQGGHU$UEHLWV]HLWVHLQHQ$UEHLWVSODW]YHUODVVHQ 'HQ 5HVW GHU 1DFKW ZROOWHQ GLH ³/|ZHQ GDPLW YHUEULQJHQ VLFK DQ GLH LQGLYLGXHOOH +\SHUVH[WD0RGXOSDUVWUDKOXQJ LKUHU MHZHLOLJHQ 2SIHU KHUDQ]XWDVWHQVLFKPLWLKUYHUWUDXW ]XPDFKHQXQGGHQ3HGRNRQWDNWSHUPDQHQW DXIUHFKW]XHUKDOWHQ GDPLW GLH hEHUQDKPH ]XP JHSODQWHQ =HLWSXQNW UHLEXQJVORV XQGEOLW]VFKQHOODEOLHI 6RZDUDOOHVEHVWHQVYRUEHUHLWHW1LFKWVNRQQWHVFKLHIJHKHQ 8QGGHQQRFKJLQJDOOHVVFKLHIZDVQXUVFKLHIJHKHQNRQQWH (VILQJPLWHLQHU([SORVLRQDQGLHJDQ]/DVW+DUERU&LW\GXUFKVFKWWHOWH 'LHIQI³/|ZHQVFKUDNHQDXIXQGUHGHWHQZLOGGXUFKHLQDQGHU(LQLJHZROOWHQ GDGLH$NWLRQYRU]HLWLJVWDUWHQVROOWHDQGHUHKLHOWHQHVIU]XJHIlKUOLFK (LQHKLW]LJH'LVNXVVLRQHQWEUDQQWH 6FKOLHOLFK WDXFKWH 6DUDK*DUILHOG DXVGHU 6HNWLRQGHU $OWHQDXIXQG NOlUWHGLH 6LWXDWLRQ ³,KUGUIWQLFKWYRUKHU]XVFKODJHQDOVELVLKUGLHGHU]HLWLJH/DJHNHQQWHUNOlUWH VLH ³(LQH EOLW]VFKQHOOH YRUEHUJHKHQGH hEHUQDKPH HXUHU 2SIHU ZlUH ]X ULVNDQW GHQQ HV EHVWHKW JDQ] VLFKHU $ODUP]XVWDQG VR GD GLH 2SIHU VLFK LQPLWWHQ GHU DQGHUHQ 2IIL]LHUH EHILQGHQ ZHUGHQ ,FK VFKODJH YRU LKU JHKW JHVFKORVVHQ LQ GLH &LW\ LQIRUPLHUW HXFK EHU GLH /DJH XQG HQWVFKHLGHW GDQQ ZDVLKUXQWHUQHKPHQZROOW ³(LQYHUVWDQGHQHUZLGHUWH6LQJKDQ³$EHUGDQQPVVHQZLUVRIRUWDXIEUHFKHQ 6LH VWUHLIWHQ VLFK LKUH ,QQHQNRPELQDWLRQHQ EHU GLH VLH ZlKUHQG GHU WlJOLFKHQ )URQDUEHLW ]X WUDJHQ SIOHJWHQ YHUOLHHQ 3ODFH XQG JLQJHQ GXUFK GHQ 7XQQHO LQ GLH&LW\ 6LH IDQGHQ KHOOH $XIUHJXQJ YRU 'LH %HZRKQHU YRQ /DVW +DUERU ZDUHQ JU|WHQWHLOV DXV WLHIHP 6FKODI DXIJHVFKUHFNW ZRUGHQ XQG OLHIHQ UDW XQG ]LHOORV LQGHQ6WUDHQXPKHU 6LH KDWWHQ $QJVW GHQQ HV JLQJ GDV *HUFKW XP GLH %HIUHLXQJVIURQW KlWWH GDV )ODJJVFKLII YRQ .RPPDQGHXU ,NVFKDEDQ GLH :(/7(1=(567g5(5 LQ GLH /XIWJHMDJWXQGQDWUOLFKIUFKWHWHQGLH7HUNDUHUGDLKUH6WDGWGDIULQHLQHP NQVWOLFKHQ)HXHUVWXUPYHUQLFKWHWZHUGHQZUGHXQGVLHPLWLKU 9LHOH (LQZRKQHU YHUVXFKWHQ GHVKDOE QDFK REHQ ]X NRPPHQ XP YLHOOHLFKW HLQ $XHQIDKU]HXJ ]X HUJDWWHUQ PLW LKP DXV /DVW +DUERU &LW\ ]X IOLHKHQ XQG PLW YLHO*OFN8QWHUVFKOXSILQHLQHUDQGHUHQ&LW\]XILQGHQ

'RFKVLHNDPHQQLFKWZHLW 6FKRQ LQ GHU GULWWHQ 6XEHWDJH VWHOOWHQ VLFK LKQHQ .DPSIURERWHU GHU hEHUVFKZHUHQ LQ GHQ :HJ ,KUH )RUPDWLRQHQ ZDUHQ VR GLFKW JHVWDIIHOW GD QLHPDQGGXUFKEUHFKHQNRQQWH'HQQRFKZDUHVXQJHZ|KQOLFKGDVLHQLFKWDXI GLH 7HUNDUHU VFK|VVHQ ² XQG HV ZDU DXFK XQJHZ|KQOLFK GD NHLQ HLQ]LJHU hEHUVFKZHUHUEHLLKQHQZDU ³,FK KDOWH GDV IU VHKU YHUGlFKWLJ HUNOlUWH 6LQJKDQ *DUILHOG GHQ DQGHUHQ ³/|ZHQ QDFKGHP VLH VLFK LQ GLH YLHUWH 6XEHWDJH EHJHEHQ KDWWHQ ³(V VFKHLQW DOVKlWWHQGLHhEHUVFKZHUHQVLFKEHUHLWVDXV/DVW+DUERU&LW\]XUFNJH]RJHQ

³'DQQZROOHQVLHGLH6WDGWYHUQLFKWHQVFKULH3XKULDP5DQGHHLQHU3DQLN ³:HQQGLH:(/7(1=(567g5(5WDWVlFKOLFKLQ GLH /XIWJHVSUHQJW ZXUGH LVW GDV VR JXW ZLH VLFKHU PHLQWH :LQJIRU ³:LU VROOWHQ QDFK 3ODFH ]XUFNNHKUHQ XQGYRQGRUWDXVXQVHUH$NWLRQGXUFKIKUHQ ³:LUKlWWHQ3ODFHHUVWJDUQLFKWYHUODVVHQVROOHQVDJWH6KXIX³:HQQZLUMHW]W ]XUFNJHKHQVFKDIIHQZLUHVQLFKWPHKU'DQQJHKW/DVW+DUERU&LW\XQWHU ³$OVR VWDUWHQ ZLU GLH $NWLRQ VRIRUW NRPSURPLORV XQG RKQH MHJOLFKH 5FNVLFKWHUNOlUWH5DKDUL³/DVW+DUERU&LW\LVWQXUGDQQQRFK]XUHWWHQZHQQ ZLUXQVHUH3HGRRSIHUUHFKW]HLWLJEHUQHKPHQ ³'XKDVWUHFKW5DKDULEHNUlIWLJWH6LQJKDQ³6FKQHOO6XFKHQZLUHLQHQ5DXP LQGHPXQVHUH5HGXNWLRQVN|USHUVLFKHUYRU(QWGHFNXQJVLQG²XQGGDQQIDQJHQ ZLUDQ (LQHZHUWYROOH0LQXWHYHUJLQJEHLGHU6XFKHQDFKHLQHPDEVFKOLHEDUHQ5DXP ² XQG HLQH ZHLWHUH ZHUWYROOH 0LQXWH GXUFK GLH :LHGHUKHUVWHOOXQJ GHU 3HGRNRQWDNWHPLWGHQDXVJHZlKOWHQ2SIHUQ 6RNDPHVGDGLHIQI³/|ZHQDOVVLHLKUH2SIHUHQGOLFKEHUQRPPHQKDWWHQ VLFK PLW HLQHU 6LWXDWLRQ NRQIURQWLHUW VDKHQ GLH HV LKQHQ VFKOHFKWHUGLQJV XQP|JOLFK PDFKWH GLH YRQ LKUHQ 2SIHUQ HUWHLOWHQ %HIHKOH ]X ZLGHUUXIHQ RKQH HLQH0HXWHUHLLKUHVJHVDPWHQ2IIL]LHUVNRUSV]XSURYR]LHUHQ 'HQQVLHKDWWHQ]ZDUPLWYLHOHPJHUHFKQHWDEHUQLFKWGDPLWGD,NVFKDEDQXQG .XEODNRQ VFKRQ ODQJH EHVFKORVVHQ KDWWHQ /DVW +DUERU EHL GHU HUVWHQ VLFK ELHWHQGHQ *HOHJHQKHLW DXI]XJHEHQ XQG ]X ]HUVW|UHQ GD GLH :HOW NHLQHQ 3URILW PHKU HLQEUDFKWH ² XQG GD VLH LQ LKUHP 2IIL]LHUVNRUSV XQG XQWHU GHQ %HVDW]XQJHQ LKUHU 6FKLIIH VRZLH XQWHU GHQ 5DXPODQGHWUXSSHQ 6WLPPXQJ GDIU JHPDFKWKDWWHQ 'LHHUKRIIWH*HOHJHQKHLWKDWWHVLFKDOOHUGLQJVJHERWHQGHQQGHU%HIUHLXQJVIURQW ZDU HV WDWVlFKOLFK JHOXQJHQ HLQ 6HOEVWPRUGNRPPDQGR PLW HLQHU JDQ] JHZ|KQOLFKHQ .HUQVSDOWXQJVERPEH LQ HLQHP 3UDOOIHOGVFKOLWWHQ DQ GDV )ODJJVFKLII GHV .RPPDQGHXUV KHUDQ]XEULQJHQ XQG HV GXUFK GLH =QGXQJ GHU %RPEHWRWDO]XYHUQLFKWHQ ,NVFKDEDQWREWHYRU=RUQ (U ZDU GDYRQ EHU]HXJW GD VHLQH (KUH VLFK QXU GXUFK GLH WRWDOH 9HUQLFKWXQJ GHV0RQGHV/DVW+DUERUZLHGHUKHUVWHOOHQOLHHXQGGLHVHhEHU]HXJXQJKDWWHHU ZlKUHQG GHU OHW]WHQ SDDU 0LQXWHQ VR RIW XQG QDFKGUFNOLFK JHlXHUW GD HU ]XPLQGHVW XQWHU GHQ hEHUVFKZHUHQ GLH GDV PLWDQJHK|UW KDWWHQ QLHPDQGHQ

JHEHQ ZUGH GHU QLFKW DQ ,NVFKDEDQV 9HUVWDQG ]ZHLIHOWH ZHQQ HU GHQ 9HUQLFKWXQJVEHIHKO]XUFNQDKP 'DVZXUGHYRQGHQIQI³/|ZHQ]ZDUQLFKWLQVHLQHUJDQ]HQ7UDJZHLWHHUIDW GDVLHMDQXUIQIhEHUVFKZHUHKDWWHQEHUQHKPHQN|QQHQDEHUVLHEHNDPHQHV EHU]HXJHQGJHQXJPLWXP]XHUNHQQHQGDLKUXUVSUQJOLFKHU3ODQJHVFKHLWHUW ZDU 6LH NRQQWHQ QLFKW GLH )KUXQJVVSLW]H EHUQHKPHQ XQG GLH =XVWlQGH DXI /DVW +DUERU VFKULWWZHLVH YHUEHVVHUQ GHQQ IDOOV LKUH 2SIHU GLH :HOW YHUVFKRQWHQ ZlUHQ VLH HLQH 0LQXWH VSlWHU IU XQ]XUHFKQXQJVIlKLJ HUNOlUW LKUHU bPWHU HQWKREHQXQGGXUFKIUHLHhEHUVFKZHUHDEJHO|VW 1DWUOLFKN|QQWHQGLH³/|ZHQGDQDFKGLHVHQHXH)KUXQJVVSLW]HEHUQHKPHQ 'RFK GDV ZDU QXU QRFK WKHRUHWLVFK GHQQ EHL GHU 6WLPPXQJ XQWHU DOOHQ hEHUVFKZHUHQ ZUGH MHGHU GHU VLFK GDJHJHQVWHOOWH VRIRUW KLQZHJJHIHJW XQG VSlWHVWHQV QDFK hEHUQDKPH GHU GULWWHQ )KUXQJVVSLW]H ZUGHQ HLQLJH 2IIL]LHUH 9HUGDFKW VFK|SIHQ XQG VLFK GDUDQ HULQQHUQ GD GLH WDNHULVFKHQ 9RUIDKUHQ GHU 7HUNDUHU3HGRWUDQVIHUHUJHZHVHQZDUHQ .HLQHU GHU )QI ³/|ZHQ ]ZHLIHOWH GDUDQ GD GLH %HWUHIIHQGHQ GDQQ VFKQHOO LQWHOOLJHQW XQG NRPSURPLORV KDQGHOQ ZUGHQ (LQH 5HWWXQJ /DVW +DUERUV ZUGHGDQQDEVROXWXQP|JOLFKVHLQ =XGHP HV QXU HLQHV HLQ]LJHQ %HIHKOV EHGXUIWH XP GDV :LUNXQJVIHXHU DXI /DVW +DUERU HU|IIQHQ ]X ODVVHQ GHQQ NHLQ HLQ]LJHU hEHUVFKZHUHU EHIDQG VLFK PHKU GRUW XQWHQ VRQGHUQ QXU QRFK HLQ .RQWLQJHQW .DPSIURERWHU GLH EHGHQNHQORV JHRSIHUWZHUGHQNRQQWHQ 'LH )ORWWH GHU %HVDW]HU :DO]HQUDXPHU PLW GHP QHXHUZlKOWHQ )ODJJVFKLII 2%6.21VFKZDQJHQLP*HIHFKWVRUELWXPGLH:HOWGHU7HUNDUHUKHUXP 1XU HLQHV NRQQWH GLH .DWDVWURSKH YRQ /DVW +DUERU XQG UXQG IQI 0LOOLRQHQ 7HUNDUHUQ DEZHQGHQ ZLH GLH IQI ³/|ZHQ DXV GHP %HZXWVHLQVLQKDOW LKUHU 2SIHUJOHLFK]HLWLJHUNDQQWHQ 'LH %HWlWLJXQJ HLQHU 6FKDOWXQJ GLH QXU DXI GDV =HOOVFKZLQJXQJVPXVWHU YRQ ,NVFKDEDQ XQG .XEODNRQ DQVSUDFK XQG GLH DXI MHGHP 6FKLII GHV 9HUEDQGV YRUKDQGHQ ZDU GDPLW GHU .RPPDQGHXU XQG VHLQ HQJVWHU 9HUWUDXWHU LQ DXVZHJORVHQ6LWXDWLRQHQGLH6FKPDFKHLQHU.DSLWXODWLRQYHUHLWHOQNRQQWHQ 'HQQGLH$NWLYLHUXQJGLHVHU6FKDOWXQJHJDODXIZHOFKHP6FKLIIDXFKLPPHU O|VWHGLHVRIRUWLJH9HUQLFKWXQJDOOHU6FKLIIHGHV)ORWWHQYHUEDQGVDXV ³1HLQIOVWHUWH5DKDULPLW9DUNDVVLV0XQG³6LQJKDQ ³(V PX VHLQ HQWJHJQHWH 6LQJKDQ PLW ,NVFKDEDQV 0XQG ³,KU GUHL JHKW VRIRUW (U EOLFNWH 9DUNDVVL 6XEREHVV XQG 'DLFRU ]ZLQJHQG DQ XQG GDPLW LQ :LUNOLFKNHLW5DKDUL6KXIXXQG3XKUL 0HKU ZDJWH HU QLFKW ]X VDJHQ RGHU DQ]XGHXWHQ GHQQ EHUHLWV GHU NQDSSH OHLVH :RUWZHFKVHO PLW 9HUNDVVL5DKDUL KDWWH $XIPHUNVDPNHLW XQG 9HUZXQGHUXQJ HUUHJW:HQQHUVW9HUGDFKWDXINHLPWHZUGHHV]XVSlWIU/DVW+DUERUVHLQ 'XUFK ,NVFKDEDQV $XJHQ VDK 6LQJKDQ GHQ %UXGHU VHLQHU 5DKDUL DQ XQG :LQJIRUQLFNWHPLW.XEODNRQV.RSI

'DQDFK ZDQGWHQ VLFK GLH EHLGHQ ³hEHUVFKZHUHQ XP XQG VWDSIWHQ ]XP =HQWUDOHQhEHUQDKPHSXOWGHV.RPPDQGHXUV $OVVLH]XUFNEOLFNWHQVDKHQVLHGD9DUNDVVL6XQREHVVXQG'DLFRUDXVHLQHP IUVLHXQEHJUHLIEDUHQ=XVWDQGHUZDFKWHQXQGVLHZXWHQGDGLHDQGHUHQGUHL ³/|ZHQLQ6LFKHUKHLWZDUHQ %HYRUMHPDQG9HUGDFKWVFK|SIHQNRQQWHUL6LQJKDQ,NVFKDEDQGLH$EGHFNXQJ YRQ GHU 9HUQLFKWXQJVVFKDOWXQJ GDQQ OHJWHQ HU XQG :LQJIRU.XEODNRQ JOHLFK]HLWLJLKUH+DQGIOlFKHQDXIGLH6HQVRUSODWWH $P+LPPHOEHU/DVW+DUERUJLQJHQNQVWOLFKH6RQQHQDXI $' ³6FKLFNW PLFK MHW]W QLFKW ZHJ EDW 5DKDUL *DUILHOG LKUH )UHXQGH ³,FK ZLOO EHL HXFKVHLQZHQQLKUHUIDKUWRE/DVW+DUERUHLQH=XNXQIWKDW ³'DQQ UXIH LFK ZHQLJVWHQV HLQHQ 0HGRWHFKQLNHU HUZLGHUWH 6KXIX .DPEDQG -DUYLV ³,FK VHKH HV GLU GRFK DQ GD GLH :HKHQ LQ LPPHU NU]HUHQ $EVWlQGHQ NRPPHQ²XQGRKQH0HGRWHFKQLNHUNDQQVWGXQLFKWJHElUHQ 5DKDULQLFNWHOlFKHOQG,PQlFKVWHQ$XJHQEOLFNNUDPSIWHVLHVLFKYRU6FKPHU] ZLHGHU]XVDPPHQ6FKZHLSHUOWHYRQLKUHU6WLUQ ³+DEHQRFKHWZDV*HGXOG6LQJKDQIOVWHUWHVLH 6LHZXWHGDHVHLQ6RKQVHLQZUGH)UGLH0HGRWHFKQLN/DVW+DUERUVZDU HV NHLQ 3UREOHP GDV *HVFKOHFKW HLQHV XQJHERUHQHQ .LQGHV ]X HUPLWWHOQ 'LH HQWVSUHFKHQGHQ(LQULFKWXQJHQZDUHQEHUUDVFKHQGVFKQHOOZLHGHULQVWDQGJHVHW]W JHZHVHQ ZHQQ DXFK QXU SURYLVRULVFK XQG HV KDWWH VLFK KHUDXVJHVWHOOW GD HV WDXVHQGH 7HUNDUHU JDE GLH VLFK ]ZLVFKHQ LKUHQ $UEHLWVVFKLFKWHQ YHUERWHQHUZHLVHGDV:LVVHQXQG.|QQHQYRQ0HGRWHFKQLNHUQ+\SHUSK\VLNHUQ 5DXPVFKLIIVLQJHQLHXUHQ*HQHWLNHUQXQGZDVGHU'LQJHPHKUZDUHQDQJHHLJQHW KDWWHQ 8QWHUGHU2EHUIOlFKHGHV6WXPSIVLQQVKDWWHHLQ9XONDQJHEURGHOW 8QGLQ5DKDULV/HLEZDUGDV.LQG6LQJKDQVKHUDQJHZDFKVHQ(VZDUQLFKWDXI ³QRUPDOHP:HJHJH]HXJWZRUGHQGHQQGD]XKDWWHQ6LQJKDQXQG5DKDULNHLQH =HLWPHKUJHIXQGHQXQGDOVHUXQGLKU%UXGHU:LQJIRUVWDUEHQZDUVLH]XHUVW Y|OOLJYHU]ZHLIHOWJHZHVHQXQGKDWWHVLFKPLW6HOEVWPRUGJHGDQNHQJHWUDJHQ %LV6DUDKLKUPLWJHWHLOWKDWWHGD6LQJKDQLKUHLQH6SHUPDNRQVHUYHYRQVLFK]XU $XIEHZDKUXQJJHJHEHQKDWWHPLWGHU%LWWH5DKDULGDYRQ]XXQWHUULFKWHQIDOOV LKP HWZDV ]XVWLHH EHYRU VLH *HOHJHQKHLW JHIXQGHQ KDWWHQ VLFK N|USHUOLFK ]X YHUHLQLJHQ 5DKDUL KDWWH NHLQHQ $XJHQEOLFN JH]|JHUW GLHVHV 9HUPlFKWQLV 6LQJKDQV DQ]XQHKPHQ 'DQDFK KDWWH VLH PLW GHP (LQYHUVWlQGQLV YRQ 6LQJKDQV JUHLVHP 9DWHU GHVVHQ )DPLOLHQQDPHQ DQJHQRPPHQ VR GD VLH QDFKWUlJOLFK VHLQH )UDX JHZRUGHQZDU 8QG DOV VLH HUIDKUHQ KDWWH GD VLH HLQHQ -XQJHQ EHNRPPHQ ZUGH ZDU VLH JOFNOLFKJHZHVHQXQGKDWWHVSRQWDQHUNOlUWGDVLHLKQ6LQJKDQQHQQHQZROOWH +HXWHZDUHVVRZHLWGDHU]XU:HOWNDP +HXWHZDUHVDEHUDXFKVRZHLWGDGDVHUVWH+\SHUIXQNJHUlWGDV7HUNDUHUQDFK

GHP 9HUOXVW GHU 67$548((1 JHEDXW KDWWHQ LQ %HWULHE JHQRPPHQ ZHUGHQ VROOWH 9UDQL *XE HLQH 8UHQNHOLQ HLQHV IUKHUHQ $GPLQLVWUDWRUV QDPHQV 0XURUH *XE ZDU GLH +\SHUSK\VLNHULQ GLH GD]X HQWVFKHLGHQG EHLJHWUDJHQ KDWWH 6LH EHIDQG VLFK JHPHLQVDP PLW GHQ GUHL ³/|ZHQ 5DKDUL *DUILHOG 6KXIX .DPEDQG-DUYLV XQG 3XKUL *DUILHOG LQ GHU )XQN]HQWUDOH GLFKW XQWHU GHP 6WDKOSODVWLNVFKLOG EHU /DVW+DUERU&LW\ $EHU DXHU GHQ YLHU 7HUNDUHUQ ZDUHQ LQGLUHNW DXFK GLH EULJHQ UXQG IQI 0LOOLRQHQ7HUNDUHUDQZHVHQGGHQQVLHDOOHEDQJWHQXPGDV6FKLFNVDOLKUHU:HOW XQGKRIIWHQDXIHLQHSRVLWLYH%RWVFKDIW 5XQG QHXQ 0RQDWH )XUFKW XQG 6RUJH ODJHQ KLQWHU LKQHQ GHQQ VR ODQJH ZDU HV KHU GD GLH )ORWWH GHU %HVDW]HU YHUQLFKWHW ZXUGH 6HLWGHP KDWWHQ VLH GDUDXI JHZDUWHW GD HLQ ,QVSHNWLRQVVFKLII GHU hEHUVFKZHUHQ DXIWDXFKWH ZHLO ,NVFKDEDQV )ORWWHQYHUEDQG NHLQH 0HOGXQJHQ PHKU DQ GHQ 2EHUNRPPDQGLHUHQGHQGXUFKJHJHEHQKDWWH (LQH 0HQJH $XVUHGHQ XQG 0DQDKPHQ ZDUHQ LQ GLHVHU =HLWVSDQQH EHUGDFKW ZRUGHQ XQG HV JDE HLQH 3ODQXQJ IU GHQ )DOO GD HLQ ,QVSHNWLRQVVFKLII DXIWDXFKWH 'RFK IDOOV VHLQ .RPPDQGDQW ]X IUK 9HUGDFKW VFK|SIWH JULII GLH 3ODQXQJ ZRP|JOLFK QLFKW ,Q GHP )DOOH KDWWH /DVW +DUERU GLH 5DFKH GHU hEHUVFKZHUHQ ]XIUFKWHQ²XQGQLHPDQG]ZHLIHOWHGDUDQGDGLHVH5DFKHGHU8QWHUJDQJIU GLH:HOWXQGDOOHV/HEHQDXIXQGLQLKUZlUH $OV5DKDULVLFKHUQHXW]XVDPPHQNUPPWH|IIQHWHVLFKGDV6FKRWWXQGHLQQRFK UHODWLYMXQJHU0DQQPLWEORQGHP+DDUXQGJHU|WHWHP*HVLFKWWUDWHLQ ³,FK ELQ *DUURQ 0F1DLU GHU DQJHIRUGHUWH 0HGRWHFKQLNHU VDJWH HU YHUOHJHQ XQGVWHOOWHVHLQH%HUHLWVFKDIWVWDVFKHDXIGHQ%RGHQ ³'DQQZDOWHGHLQHV$PWHV*DUURQ0F1DLUVWLH5DKDULSIHLIHQGKHUYRU³,FK VSUHQlPOLFKGD6LQJKDQQLFKWOlQJHUZDUWHW$DDK ³2K RK ULHI *DUURQ OLH VHLQH 7DVFKH IDOOHQ KRE VLH ZLHGHU DXIWHLOWH ]X 5DKDULSUIWHLKUHQ3XOVXQGOHJWHLKUGDQQHLQH+DQGDXIGHQ/HLE ³(UNRPPWMHW]WVFKULH5DKDUL³*ODXEHHVPLU ³0XQG]XXQGSUHVVHQEHIDKOGHU0HGRWHFKQLNHUXQHUZDUWHWHQHUJLVFK (U |IIQHWH VHLQH %HUHLWVFKDIWVWDVFKH VSUKWH VHLQH +lQGH PLW 'HVLQIHNWLRQVO|VXQJ HLQ VWUHLIWH VLFK VWHULOH +DQGVFKXKH EHU YHUSDWH GHU ZHUGHQGHQ 0XWWHU EOLW]VFKQHOO ]ZHL ,QMHNWLRQHQ XQG EHWWHWH VLH GDQDFK JHPHLQVDPPLW6KXIXDXIHLQ%HKHOIVEHWWGDV3XKULDXIJHVWHOOWKDWWH ³-HW]WVFKULH9UDQL*XESO|W]OLFKODXWKDOV³'HU(PSIDQJVWHKW (V NQDFNWH XQG SUDVVHOWH LQ GHQ )HOGODXWVSUHFKHUQ GDQQ VDJWH HLQH HUQVWH HQHUJLVFKHXQGVHKUYLWDONOLQJHQGH6WLPPH JLEWHVNHLQHQ=ZHLIHOPHKUGDUDQGDKHXWHDP0lU]GHV-DKUHV DXVQDKPVORVDOOH)ORWWHQGHU/DUHQLQGDV%ODFN+ROHHLQJHGUXQJHQVLQGLQGDV GHU 6WHUQ %HWD GHV $UFWXU6\VWHPV YHUZDQGHOW ZRUGHQ ZDU 'LH /DUHQ KRIIWHQ VLFKGDGXUFKHLQHQQHXHQ=XJDQJ]XP'DNNDUGLPEDOORQVFKDIIHQ]XN|QQHQ 1DFKGHPVLHIULPPHUYHUVFKZXQGHQVLQGNDQQLFKEHNDQQWJHEHQGDGLHVHV

%ODFN +ROH HLQH )DOOH LP 5DKPHQ HLQHV 3ODQHV ZDU GHU PLW +LOIH XQVHUHU NHORVNLVFKHQ)UHXQGHHUDUEHLWHWZXUGH 'LH .RQ]LOVKHUUVFKDIW LVW GDPLW LQ GHU *DOD[LV 0LOFKVWUDH HLQ IU DOOHPDO YRUEHL $OOH 9|ONHU N|QQWHQ VRIRUW IUHL VHLQ ZHQQ QLFKW QRFK YLHOH YRQ LKQHQ YRQ )ORWWHQ MHQHU hEHUVFKZHUHQ EHGURKW ZUGHQ GLH GHQ /DUHQ ELVKHU DOV %WWHO GLHQWHQ $EHU GLHVH %HGURKXQJ ZLUG VHKU EDOG ]HUVFKODJHQ VHLQ GHQQ DOOHLQ KDEHQ0D\OSDQ]HUV)ORWWHQNHLQH&KDQFHVLFKJHJHQGHQ6WXUP]XYHUWHLGLJHQ GHULQGHU*DOD[LVORVEUHFKHQZLUG 8P XQQ|WLJHV %OXWYHUJLHHQ ]X YHUPHLGHQ DSSHOOLHUH LFK GHVKDOE DQ DOOH 0DQQVFKDIWHQ XQG 2IIL]LHUH GHU )ORWWHQ 0D\OSDQ]HUV GHQ 5FNIOXJ ]X GHQ +HLPDWEDVHQ XQG GLH 'HPRELOLVLHUXQJ GXUFK]XVHW]HQ ,FK ZHUGH PLFK SHUV|QOLFK GDIU HLQVHW]HQ GD MHGHU hEHUVFKZHUH VWUDIORV GDYRQNRPPW ZHQQ HU VLFK QLFKW LQ QHXH .DPSIKDQGOXQJHQ YHUZLFNHOQ OlW 1DFK GHU IXUFKWEDUHQ =HLW GHU 8QWHUGUFNXQJ GHU 0DVVHQPRUGH GHU 9HUVNODYXQJ XQG GHV +DVVHV PX ZLHGHU 9HUV|KQXQJ *HPHLQVDPNHLW XQG )ULHGH LQ XQVHUHU *DOD[LV HLQNHKUHQ'D]XVLQGDOOHLQWHOOLJHQWHQ:HVHQDXIJHUXIHQ (LQ.QDFNHQ]HLJWHDQGDGLH'XUFKVDJHEHHQGHWZDU ,P VHOEHQ $XJHQEOLFN HUVFKROO HLQ 6FKUHL GHU NXU] DXVVHW]WH XQG GDQQ LQ DQKDOWHQGHV*HSOlUUEHUJLQJ *DUURQ 0F1DLU KLHOW GHQ VWUDPSHOQGHQ NOHLQHQ 6LQJKDQ KRFK XQG ULHI IUHXGLJ HUUHJW ³'DV VFK|QVWH *HVFKHQN IU GLFK NOHLQHU /|ZH )ULHGH LQ GHU *DOD[LV XQG )UHLKHLWIUDOOH (1'(