Ticker

ABCADEFGHEIEJKLEAMLNOLPLQERLQESTC

DQUEVGW

BKXYLQ

Z[NE\PQOE]^_Q DEFG HFIJEIKLEMNOPQG RSPG TULVPWG XEFLYG EPG ZFPG [FKUSIG HVIPNVQNFI\]N^PPWUG _O QFLVPQFPYG O`G ZSIUG ZFPGTOaUIVQG ZFIG bSW`SKIVUFPG _OG FIacLLFPYG WMNFEPUG VORFINVLS ZFIGTUQLEMNKFEUFPGZFWGTIKSPEZFPG_OGLEFQFPVGDFPPGEN`GJOIZFGZEFG]IOPZLVQFG_OI WIacLLOPQG WFEPFWG TOaUIVQWG FPU_SQFPXG ZVWG YEWWFPG O`G ZEFG bSSIZEPVUFPG RSP HVIPNVQNFI\]N^PPWUV DSMNG TULVPG QESUG PEMNUG VOaZG [`G WEMNG ZEFG RFILSIFPFPG bSSIZEPVUFPG JEFZFIG _O SFWSIQFPYGWMNFOUGZFIGTIKSPEZFGKFEPG\EWEKSVGTEUGZFPG[SLVPFIPGaSLQUGFIGFEPFIG[]OIY ZEFG ZVWG ]FPFIVUESPFPWMNEaaG QFQFPG WPZFG ZFWG ^VNIFWG _`abG cFIIV_FEUG WMNLEFRLEMN PVMNG dVIW\e\dVIWG acNIUYG EPG ZEFG VOWG _JFEG `EUFEPVPZFIG RFIWMN`SL_FPFPG ]VLVfEFP SFWUFNFPZFG[UFIPFPEPWFLV DEFGHFINgLUPEWWFGZSIUGWEPZG`FNIGVLWGRFIJEIIFPZVGDSMNGZEFG[SLVPFIGUOPGENIGdFWUFWY ZEFGHFINgLUPEWWFG_OGSIZPFPYGEPZF`GWEFGZEFGHULKFIGZFIGKcPWULEMNFPGDS]]FLQVLVfEWY ZEFGFEPVPZFIGFISEUUFIUGSFKg`]aFPYG_O`GhIEFZFPG_OGSFJFQFPGRFIWOMNFPV [`G ZEFG TKUEREUgUFPG ZFIG [SLVPFIG _OG OPUFISEPZFPYG LFEUFUG TPUE\W[G WSaSIU ]FQFP`VRPVN`FPGFEPYGZEFGPEMNUGPOIGZFPG[SLVPFIPGOPZGZF`G]FPFIVUESPFPWMNEaa WMNJFIG _OG WMNVaaFPG `VMNFPYG WSPZFIPG VOMNG TULVPVG DFIG TIKSPEZFG JEIZG VOaG ZFP TIWFPVL]LVPFUFPG RFIWMNLF]]UYG JSG FIG EPG FEPFPG iFLaFIG RSPG TPUE\W[G RFIJVPZFLU JFIZFPGWSLLV DSMNGTULVPGJFERGWEMNG_OGJFNIFPGjGOPZGFIGFINgLUGOPFIJVIUFUFG[PUFIWUcU_OPQGZOIMN cklbW\GVVV

DEFGHIJKLKFMNOPFPGQFNGROSIPNT ULVIP ! "#$ %$&'()*# )+ ,-+./ 0#0#( *-1 %$1#(-23 WEXYFM ! %42-(1 (#5#$ 6#2/#$ 5(* ,-+./0#/78$4#3 DEFGZFPFLMIP[ ! 9)( :#$&;#50 <'( %(4)!9=3 W\IME ! =)# #$8724 *)# >8-(?#@ %42-( ;5 4A4#(3 ]FMPFNNG^\VOLLIGJPQG^_IEVIS ! BC#) <'( %42-(1 5(#$D)442)?8#( E70#$(3

12 EFG HIJKLG MINJKG OKJPILPKLQG FKRSG FRKG TUVG WKSTSKLG XIWG YJKTTIJFG ZKF[L\SRPKL]KL ^IU_NGPKF`aJSGNISSKQG]IGbIVKLG]RKGcJKV]KLdGeRKGHIJKLGPJIUFIVQGZfFIJSRPGUL] OgWWG aZWKJG hZFR_NSKLdG iRKG cJKV]KLG TKJFSfJSKLG KRLKLG jKRWG RNJKJG eUZFSILTkG eRK ZJILLSKLGl[W]KJGLRK]KJQGF_NWI_NSKSKLGjRKJKGUL]G\JImKLGKRLGJRKFRPKFGng_NGRLG]IF eUZFSJISQG IUFG ]KVG FRKG KRLKLG jKRWG RNJKJG oINJULPG ZKTgPG pG RLG ]IFG EJ]JKR_NG ]KF YWILKSKLQG ]KLG FRKG RNJG KRPKLG LILLSKdG eRKG OKJVg_NSKG LR_NSG TUG KJbKLLKLQG HIFG ]RK cJKV]KLGRVGeRLLGNISSKLGpGLUJQG]ImGKFGaZKWGHIJdGXRSG]KLGhUPKLG]KJGjRKJKGFINGUL] VRSG]KLGhU]RgWIVKWWKLG]KJGY\WILTKLGNfJSKGFRKQGHRKGPJgmKGcINJTKUPKQG]RKGIUFG]KV oR_NSFG bIVKLQG IU\G ]KJG qZKJ\W[_NKG ]KFG YWILKSKLG WIL]KSKLG UL]G F_NHKJKG nIFSKL KLSWU]KLdG iRKG nIFSKLG HUJ]KLG RLG ]IFG ng_NG SJILF`gJSRKJSQG ]IFG RLTHRF_NKLG \IFSG ZRF TUVG^KJTG]KFGYWILKSKLGJKR_NSKQGUL]GLINVKLG]gJSGRNJKGOKJ]KJZWR_NKGj[SRPbKRSGIU\d eRKG OKJFSIL]G LR_NSFG OgLG ]KJG öKgVKSJRKG ]KJG ÷gLSRLUIQG OgLG øIUVbJaVVULPG UL] OgVG øIUVùúKRSùöK\aPKdG eRKG F`aJSKG LUJQG ]ImG FR_NG ]RKG lKWSG JRLPFUVG OKJ[L]KJSKd ERLG e_NWIU_NG HIJG KLSFSIL]KLQG KRLKG oIZKWF_NLUJQG ]RKG RLG ]IFG oR_NSFG \aNJSKd ûKJILbKJSGIZKJGHIJG]RKGoIZKWF_NLUJGIU\G]KVGöJUL]G]KFGng_NKFGRVG^KJTKLGRNJKF YWILKSKLdG eRKG \aNWSKG FR_NG PKF_N[L]KSdG eRKG HIJSKSKG ]IJIU\QG ]ImG YJKTTIJG ]RK cJKV]KLG ZKFSJI\SKG UL]G RNJG XI_NHKJbG TKJFSfJSKdG hZKJG YJKTTIJG JaNJSKG FR_NG LR_NS VKNJQGUL]GFRKGKJRLLKJSKGFR_NG`WfSTWR_NkGEJGHIJGF_NgLGFKRSGMINJKLGFSRWWGPKHKFKLGp FKRSG üKLKVG egVVKJQG IWFG IU\G KRLVIWG e_NIJKLG \JKV]KJG eSKJLKG IVG oI_NSNRVVKW KJF_NRKLKLGHIJKLd YJKTTIJGIWFgGHIJGOKJF_NHUL]KLdGeKRSGHRKORKWKLGMINJKLQG]IFGHUmSKGFRKGLR_NSýG]KLL ]IFG ú[NWKLG PKNfJSKG LR_NSG TUG RNJKLG c[NRPbKRSKLdG hU\G ]KLQG ]KJG IWWKFG VRSG FKRLKV ^IU_NG ZKF[L\SRPSKQG ZJIU_NSKG FRKG LR_NSG TUG HIJSKLdG lKLLG KSHIFG PKPKLG ]RK HR]KJH[JSRPKLGcJKV]KLGUL]GRNJKG^RLSKJWIFFKLF_NI\SGULSKJLgVVKLGHKJ]KLGFgWWSKQ ]ILLGVUmSKGFRKGKFGFKWZFSGSULdGeRKGFKWZFSQG]RKGöKFIVSNKRSGIWWKJGjRKJKGUL]GY\WILTKLQ HIJG]RKGKRLTRPKQG]RKGUVG]KLGúUFIVVKLNIWSG]KJGoISUJGIU\GRNJKVGYWILKSKLGHUmSKd iRKG þKFSIL]SKRWKQG IWFgG KZKLG ]RKG RL]ROR]UKWWKLG Y\WILTKLG UL]G jRKJKQG NISSKLG bKRLK hNLULPG ]IOgLdG ÿNJG ûKJFS[L]LRFG VUmSKG KJFSG PKHK_bSG HKJ]KLdG þKNUSFIVG UL]G VRS PJgmKJGöK]UW]GVI_NSKGFRKGFR_NGILG]RKGhJZKRSdG VG]RKGXggFKGUL]GcWK_NSKLQG]RK hVfZKLGUL]GXgWWUFbKLGUL]G]RKGjRKJ`\WILTKLGIU\G]KLGþf]KLG]KJGFKR_NSKLGXKKJK ZJIU_NSKGFRKGFR_NGKJFSGPIJGLR_NSGTUGbaVVKJLdGiRKGNISSKLGbKRLKGXKRLULPdGiRKGNfNKJ KLSHR_bKWSKLGöKF_Nf`\KG]IPKPKLGZKPJR\\KLGJK_NSGZIW]QGHgJUVGKFGPRLPdGeRKGHIJKL üK]g_NG bKRLKFHKPFG KRLVaSRPG RNJKJG XKRLULPdG iRKG KRLKLG HIJKLG bUJTWKZRPG UL] HgWWSKLG RNJKG bLI``KG nKZKLFF`ILLKG LR_NSG ]UJ_NG TUF[STWR_NKG hU\PIZKLG ZKWIFSKS FKNKLdGiRKGIL]KJKLGWKZSKLGHKRSGOgLG]KVGqJSGKLS\KJLSQGILG]KVG]RKGcJKV]KLG]IF ng_NGPKPJIZKLG
UL]GF`[SKJGFgJP\[WSRPGPKSIJLSGNISSKLQGUL]GOKJFSIL]KLG]RKGPILTK

hU\JKPULPG LR_NSdG ÿNJG hLWRKPKLG HUJ]KG KJF_NHKJSG ]UJ_NG ]KLG VFSIL]QG ]ImG ]RK cJKV]KLG FR_NG RLTHRF_NKLG W[LPFSG TUJa_bPKTgPKLG NISSKLG UL]G IWFG qZüKbSG ]KJ IWWPKVKRLKLGELSJaFSULPGLR_NSGVKNJGTUJGûKJ\aPULPGFSIL]KLdGoUJG]RKGN[mWR_NKGnIFS HIJG Lg_NG ]IQG ]RKG FRKG RVG e_NgmG ]KFG YWILKSKLG OKJFKLbSG NISSKLQG UL] FKWZFSOKJFS[L]WR_NG]RKGVKJbHaJ]RPKGûKJF`ILLULPG]KFGøIUVKFQGRLG]KLGRNJKGlKWS KRLPKZKSSKSGHIJd ERLKG úKRSWILPG HIJG FRKG ]KVG lINLFRLLG LINKdG lIJG FRKG LR_NSG ]RKG öKFIVSNKRSG IWWKJ lKFKLQG ]RKG ]RKFKLG YWILKSKLG ZKOfWbKJSKLIG lIJG FRKQG ]RKG oIVKLWgFKQG LR_NSG ]RK oISUJG]RKFKJGlKWSIGlRKGbgLLSKGKFGPKF_NKNKLQG]ImGjKRWKGRNJKJGFKWZFSG]KVGöILTKL HR]KJF`JI_NKLIGlRKGHIJGKFGVfPWR_NQG]ImG]RKGna\SKSKRWKJGFR_NGTUGKJNIZKLG]aLbSKLQ ]RKGiR_bN[USKJGLR_NSGRLGRNJKJGnKSNIJPRKGPKFSfJSGHKJ]KLGHgWWSKLQG]RKG^IIJRPKLGUL] ]RKG e_NLKWW\amWKJG ]RKG eI_NKG WRKZKJG YJKTTIJG aZKJWRKmKLG UL]G ]RKG ORKJùG UL] FK_NFPK\WaPKWSKLG eSIISKLZIUKJG FR_NG LR_NSG F_NWaFFRPG HKJ]KLG bgLLSKLQG gZG ]KJ V\ILPG]KJGKJWRSSKLKLGe_NVI_NG]KLGhU\HIL]GWgNLKIG^[SSKGFRKGKRLKLGWgPRF_NKL ûKJFSIL]G ZKFKFFKLQG KJG H[JKG RNJG RLG ]KJG jISG TUF_NIL]KLG PKHgJ]KLdG egG IZKJ ZKPLaPSKGFRKGFR_NGLI_NGWILPKVGøRLPKLGF_NWRKmWR_NGVRSG]KJGEJbKLLSLRFQG]ImGKFGLUL KRLVIWGFgGFKRd hU\G]KJGöJUL]WIPKG]RKFKJGERLFR_NSGZKVaNSKGFRKGFR_NGHKRSKJQGUL]GF_NWRKmWR_NGPKWILP KFG RNJQG KRLKLG ZKF_NJ[LbSKLG ÷gLFKLFUFG TUG KJTRKWKLdG n[LPFSG LR_NSG IWWKG RNJKJ þKFSIL]SKRWKGPKNfJSKLGTUG]KJGöJU``KG]KJKJQG]RKGKLSF_NWgFFKLGHIJKLQGFR_NGPKPKL ]RKG ûKJPKHIWSRPULPG ]UJ_NG ]RKG cJKV]KLG TUG HKNJKLQG UL]G ]RKG ERLFSKWWULPG ]KJ oR_NSZKSKRWRPSKLG JKR_NSKG OgLG h`ISNRKG ZRFG TUG g\\KLKVQG üIG FgPIJG \KRL]FKWRPKV lR]KJFSIL]dG hZKJG VRSG ]RKFKJG öJU``KQG ]RKG ]KJG RLSKWWRPKLSKG þKHgNLKJG KRLKJ TRORWRFRKJSKLGlKWSGHgVfPWR_NGKRLGhbSRgLFbgVRSKKGPKLILLSGN[SSKQGOKJ\gWPSKGFRKGLUL TRKWZKHUmSGRNJKLGYWILd EFG HUJ]KG ZIW]G bWIJQG ]ImG ]RKG ÷J[\SKQG ]RKG RNJG TUJG ûKJ\aPULPG FSIL]KLQG LR_NS IUFJKR_NSKLQGUVGKRLKGPJgmKGúINWGOgLGhbSKUJKLGIUFTUFSISSKLdGe_NWRVVKJGLg_NkGEF HaJ]KGWKSTKLGEL]KFGLUJGKRLGKRLTRPKJGFKRLQG]KJGHINJNI\SGS[SRPGHKJ]KLGbgLLSKQGFgLFS H[JKLGRNJKGXRSSKWGTUGHKRSGOKJFSJKUSd hWFG]IFG\KFSFSIL]QGF_NJRSSGVILGTUJGlINWG]KFGKRLTRPKLQG]KJG]IFGhVSG]KFGø[_NKJF aZKJLKNVKLG FgWWSKdG iIFG KJHRKFG FR_NG IWFG KRLG F_NHRKJRPKFG LSKJ\ILPKLQG ]KLL `WfSTWR_NG ]J[LPSKG FR_NG üK]KJG ]ILI_NQG ]KJGhUFKJH[NWSKG TUG FKRLdG MINJKG OKJPRLPKL aZKJGWILPISVRPKLGûKJNIL]WULPKLGpGUL]G`WfSTWR_NGHIJKLG]RKGcJKV]KLGHRK]KJG]Id iRKFVIWG\JImKLGFRKGbKRLGng_NGRLG]KLGþg]KLdGEFGF_NRKLGORKWVKNJQGIWFGN[SSKLGFRK OgJQGFR_NGN[UFWR_NGKRLTUJR_NSKLd iRKG oIVKLWgFKG SJRKZG RNJG hbSRgLFbgVRSKKG TUG PJfmKJKJG ELSF_NWUm\JKU]RPbKRSG ILd

iRKG oIVKLWgFKG SJRKZG RNJG hbSRgLFbgVRSKKG TUG PJfmKJKJG ELSF_NWUm\JKU]RPbKRSG ILd JiRKGúKRSG]KFG^IL]KWLFGRFSGPKbgVVKLKQGWIUSKSKGRNJKGþgSF_NI\SQG]RKGRLGcgJVGOgL ÿLFSRLbSRV`UWFKLG ]UJ_NG ]RKG ÷IL[WKG ]KFG `WILKSKLHKRSKLG ÷gVVULRbISRgLFLKSTKF \Wgmd L ^RKJG]JIUmKLGHIJGKFG\JRK]WR_Nd EJG \IL]G KRLKLG F_NISSRPKLG YWISTQG LR_NSG HKRSKJG IWFG \aL\TRPG XKSKJG OgVG ERLPILPG ]KJ ^fNWKG KLS\KJLSdG EJG Ng_bSKG FR_NG IU\G ]KLG þg]KLG UL]G WKNLSKG FR_NG VRSG ]KVG øa_bKL PKPKLG]RKGcKWFHIL]dGEJGF`aJSKGXa]RPbKRSdGeRKGNISSKLGRNLGbJ[\SRPG]UJ_NG]RKGXaNWK PK]JKNSdGþKH[NJKLGNISSKGKJGFR_NGFgWWKLdGeRKGHgWWSKLGHRFFKLQGHIFGRLGRNVGFSK_bSKd iRKG oIJJKL«G qZG FRKG INLSKLQG ]ImG FKRLG þKHUmSFKRLG ]KLG þKVaNULPKLG ]KJ YKLKSJILTG LINKTUG VaNKWgFG HR]KJFSIL]IG lUmSKLG FRKQG ]ImG KJG LRKVIWFG ]KV OKJ]KJZWR_NKLG ERL\WUmG KJWRKPKLG HaJ]KQG ]KLG hLSRùEeG ]UJ_NG ]IFG HR]KJWR_NKG ER IUFFSJINWKLGWRKmI lKLLGKJG]RKGhUPKLGF_NWfFFKQGH[JKGKJGRLGKRLG`IIJGeKbUL]KLGKRLPKF_NWI\KLdGiIF bgLLSKGKJGFR_NGLR_NSGWKRFSKLdGlI_NFIVbKRSGHIJG]IFGöKZgSG]KJGeKbUL]KdGEJGWI_NSK SJg_bKLdG lRKG WILPKG HaJ]KG KJG ]KJG Xa]RPbKRSG HR]KJFSKNKLG bfLLKLIG EJG WKPSKG ]KL ÷g`\G RLG ]KLG oI_bKLG UL]G ZWR_bSKG TUVG NKWWKLQG HgWbKLWgFKLG ^RVVKWG NRLIU\dG ERL PJgmKJGûgPKWG]JKNSKG]gJSGgZKLGFKRLKG÷JKRFKdGlIFGüKSTSQG÷JRFSIWW`JRLTIG\JIPSKG]RK F`fSSRF_NKGXKLSIWFSRVVKG]KFGE¬SJIFRLLFd EFG HIJG úKRSG TUG `WILKLQG KLSF_NRK]G KJQG UL]G ZKVaNSKG FR_NQG ]RKG SJ[PKL iKLbVK_NILRFVKLG ]KFG öKNRJLFG HRK]KJG RLG öILPG TUG ZJRLPKLdG eRKG NISSKLG RNLG IU\ KRLKG lKRFKQG ]RKG KJG FR_NG Lg_NG RVVKJG LR_NSG OgWWFS[L]RPG KJbW[JKLG bgLLSKQG OgLG ]KJ eqnG KLS\aNJSG UL]G NRKJNKJG IU\G ]RKFKLG OgLG IWWKLG öfSSKJLG OKJWIFFKLKLG YWILKSKL PKZJI_NSdGEJGNISSKGbKRLKGhNLULPQGHRKGHKRSGKJGOgLG]KJGeqnGKLS\KJLSGHIJGUL]GgZG]gJS üKVIL]GHUmSKQGRLGHKW_NKJGøR_NSULPGVILGLI_NGRNVGTUGFU_NKLGNISSKdGÿVGhUPKLZWR_b ZWRKZGRNVGLR_NSFGIL]KJKFGaZJRPQGIWFG]KLGF_NWRVVFSVfPWR_NKLGcIWWGTUJGöJUL]WIPK FKRLKJG­ZKJWKPULPGTUGVI_NKLkGEJGHIJGIWWKRLýGLRKVIL]GFSIL]GRNVGZKRdGeRKGNISSKL RNLGVIWSJ[SRKJSdGþKH[NJULPGNISSKLGFRKG]IFGPKLILLSdGhVG`KLKSJILSKFSKLGNISSKGFR_N ]IZKRG X®WgSSIG IUFPKTKR_NLKSdG hU_NG XüIRWIVQG ]IFG öKF_Nf`\G YJKTTIJFQG HIJG KRL HRJbFIVKJG cgWSKJbLK_NSG PKHKFKLdG eKRLKG jKWK`gJSKJùe`JaLPKG ZK\fJ]KJSKLG RNL aZKJIWWG]gJSNRLQGHgGVILGIVGHKLRPFSKLFGVRSGRNVGJK_NLKSKdGhVGVKRFSKLGIZKJGNISSK j®IJRGRNVGTUVGF_NI\\KLGPKVI_NSGpGLR_NSGHKRWGFRKGRNVGTUPKFKSTSGN[SSKQGFgL]KJLGHKRW KJGFRKGWRKZSKd iIGWIPQGHRKG]RKGjKJJILKJGFIPSKLQG]KJG^UL]GZKPJIZKLdGeKRLGûKJFSIL]G\ULbSRgLRKJSK

LUJGLg_NGTUJG^[W\SKdGhWWKGFKRLKG­ZKJWKPULPKLQGHRKGKJG]RKFKVGiRWKVVIGKLSJRLLKL bfLLSKQGHIJKLGIU\GKRLKLGlRJbULPFPJI]GOgLG\aL\TRPGYJgTKLSGZKF_NJ[LbSdGiKJGøKFS FKRLKFG þKHUmSFKRLFG ZK\ImSKG FR_NG VRSG j®IJRdG eRKG FSIL]QG HRKG IWWKG XRSPWRK]KJG ]KF hJFKLIWFQG ULSKJG ]KVG PKRFSRPKLG þILLG ]KFG PKPLKJRF_NKLG eU`KJHKFKLFGhLSRùEed iKJGþILLGHUJ]KGRLGcgJVGKRLKFGN®`LgFUPPKFSROKLGYFRùcKW]FGOgLG]KJGYKLKSJILT IUFPKFSJINWSdGj®IJRGbgLLSKGFR_NGLR_NSG]IPKPKLGHKNJKLdGeRKGSJUPGbKRLKGe_NUW]GIL RNJKVGúUFSIL]dGiIFGHUmSKGKJGW[LPFSQGUL]G]g_NGNIW\GKFGRNVGLR_NSdGMK]KFVIWGHKLL KJGj®IJRGFINQGHIJGRNVGTUVUSKQGIWFGVaFFKGRNVG]IFG^KJTGTKJJKRmKLdGlRKGHIJGFRKGRL ]RKFKG nIPKG PKJISKLIG EJG bgLLSKG ]IJaZKJG LUJG F`KbUWRKJKLdG j®IJRQG XüIRWIVG UL] hFPIJ]QG]IVIWFGLg_NGRVGþKFRSTGRNJKFG\JKRKLGlRWWKLFQGNISSKLGFR_NGIU\PKVI_NSQGLI_N oIZKWLGTUGFU_NKLdGoIZKWGHUJ]KLGüKLKGqJSKGPKLILLSQGILG]KLKLGKRLKGûKJZRL]ULP THRF_NKLG]KVG÷gLSRLUUVG]KJGZKR]KLGöIWI¬RKLGþIJFGUL]GcIJ®LSGIU\G]KJGKRLKLGUL] ]KJGoIVKLWgFKLGúgLKGZKFSIL]dGÿLG]KJGoIVKLWgFKLGúgLKGNRKWSGFR_NGhLSRùEeGIU\ý FRKG HIJG IU\PJUL]G KRLKFG þKF_NWUFFKFG ]KJG ^gNKLG X[_NSKG ]IFG öK\[LPLRFG ]KF eU`KJHKFKLFdG iRKG oIZKWG ZRW]KSKLG \aJG hLSRùEeG ]RKG KRLTRPKG XfPWR_NbKRSQG RLG ]IF öKF_NKNKLG ]KFG eSIL]IJ]ULROKJFUVFG KRLTUPJKR\KLdG j®IJRG UL]G RNJKG ZKR]KL þKPWKRSKJG VUmSKLG KRLKLG oIZKWG PK\UL]KLG NIZKLdG lINJF_NKRLWR_NG HIJKLG FRK ILPKWg_bSGHgJ]KLdGiRKGcIWWKG]KFG­ZKJHKFKLFGNISSKGFRKGKJHIJSKSdGeRKGHIJKLG]KV N®`LgFUPPKFSROKLG ERL\WUmG KJWKPKLG UL]G XRSPWRK]KJG ]KFGhJFKLIWFG PKHgJ]KLQG ]IF hLSRùEeG IWFG öUKJRWWIùqJPILRFISRgLG PKF_NI\\KLG NISSKQG UVG FR_NG FKRLKJG öKPLKJG TU KLSWK]RPKLdG oIZKWG HIJKLG LR_NSFG öKNKRVLRFOgWWKFdG eRKG HUJ]KLG OgLG ]KLG öKJ[SKL KRLKJGKJFSGNIWZGOKJFSIL]KLKLGjK_NLRbGKJTKUPSGUL]GFSKWWSKLGJnf_NKJKGRLG]KJGlIL] ]KFGøIUVùúKRSùöK\aPKFG]IJQG]UJ_NG]RKG]KJGlKPGRLGKRLG\JKV]KFG÷gLSRLUUVG\aNJSKd iRKG oIZKWPKLKJISgJKLG HIJKLG IU\G ^RVVKWFbfJ`KJG RLG ]KJG ­ZKJWI``ULPFTgLKG ]KJ ZKR]KLGöIWI¬RKLGRLFSIWWRKJSdGiKJGKRLTRPKQG]KJG]KVGhJbgLR]KLGUL]GFKRLKLGegWILKJL ZRFNKJGTUGhUPKLGPKbgVVKLGHIJQGNISSKGFR_NGSRK\GRVGÿLLKJLGKRLKFG÷WKRL`WILKSKLG]KF e®FSKVFGþ¯°¯±XGZK\UL]KLdGERLKGL[NKJKG LSKJFU_NULPG]KJGÿLFSIWWISRgLGHIJGLR_NS VfPWR_NGPKHKFKLQG]KJGoIZKWPKLKJISgJGNISSKGFR_NGFKWZFSGTKJFSfJSdGiKJGqJSQGILG]KL j®IJRQG XüIRWIVG UL]G hFPIJ]G PKWg_bSG HgJ]KLG HIJKLG pG HIJG KFG ]RKFKJG YWILKS PKHKFKLIGþK\IL]GFR_NGRJPKL]HgGSRK\GULSKJGRNVGKRLKJG]KJGNfWWRF_NKLGöKLKJISgJKLQ ]RKG]RKGULLISaJWR_NKGûKJTINLULPG]KJGöIWI¬RKLGcIJ®LSGUL]GþIJFGIU\JK_NSKJNRKWSKLI iKJG öK]ILbKG KJJKPSKG RNLdG lKLLG KFG RNVG PKW[LPKQG ]KVG ERL\WUmZKJKR_NG ]KF hJFKLIWFGTUGKLSbgVVKLGpGHKLLGKJGKFG\KJSRPZJ[_NSKQG]RKGeqnGTUGZKLI_NJR_NSRPKL dddG FRKG KJNRKWSKLG KRLKG THKRSKG ²NIL_KQG KRLKLG oIZKWPKLKJISgJG RLG RNJKLG þKFRSTG TU ZJRLPKLGUL]G]RKGjK_NLRbGTUGILIW®FRKJKLQGIU\G]KJGFKRLKGcULbSRgLFHKRFKGZKJUNSK« EJG NgJ_NSKG IU\QG IWFG RNVG KRLG bWISF_NKL]KFG öKJ[UF_NG ILFG qNJG ]JILPdG lRKG ]IF cWaPKWF_NWIPKLGKRLKFGPJgmKLGûgPKWFGNISSKGKFGFR_NGILPKNfJSdGEJGFINGRLG]RKG^fNKd iKJG h]WKJQG ]KJG ]gJSG ZRFG OgJG bUJTKVG FKRLKG ÷JKRFKG PKTgPKLG NISSKQG HIJ OKJF_NHUL]KLdG EJG ZWR_bSKG FR_NG UVdG iIFG öKJ[UF_NG HIJG OgLG ]gJSG ]JaZKL

PKbgVVKLQGHgG]RKGcKWFHIL]GFR_NGKRLG`IIJGiUSTKL]GXKSKJGHKRSGLI_NGOgJLKGF_NgZ UL]GVRSGKRLKJGSUJV\fJVRPKLGþIFSRgLGIZF_NWgmd ­ZKJG ]KVG eSKRLG \WRVVKJSKG ]RKG nU\SdG ERLG VJRmG KLSFSIL]dG eSIULKL]G FING ]KJ hJbgLR]KGTUQGHRKG]KJGV[_NSRPKGûgPKWGF_NKRLZIJGIUFG]KVGoR_NSFGVISKJRIWRFRKJSKd EJG FImG FSIJJG UL]G Ng_NG IU\PKJR_NSKSQG ]RKG ÷JIWWKLG UVG ]RKG ÷ILSKG ]KJG þIFSRgL PKF_NWIPKLQG KRLG þRW]G \UJ_NSWgFKJG ÷JI\SdG eKRLG öK\RK]KJG F_NRVVKJSKG RVG nR_NSG ]KJ egLLKdGhSWILGNISSKGRNLGKRLKLGh]WKJGPKLILLSdGiRKFKVGPWR_NGKJGRLG]KJGjISýGIZKJGKJ HIJGHKRSIUFGV[_NSRPKJGIWFGFKWZFSG]KJGPJfmSKGh]WKJQG]KLG]KJGhJbgLR]KGZRFGüKSTSGTU öKFR_NSGZKbgVVKLGNISSKd lgNKJGbIVGKJIGlKW_NKJGg`SRF_NKGjJR_bGNISSKGZKHRJbSQG]ImGKJGKJFSGLI_NGKRLG`IIJ eKbUL]KLGFR_NSZIJGPKHgJ]KLGHIJIG L]GHIFGNISSKGKJGNRKJGTUGFU_NKLIGiRKGûfPKW ]KJG lRW]LRFG \WgNKLG ]IFG RLSKWWRPKLSKG lKFKLQG HKRWG FRKG KFG RLFSRLbSROG IWFG cKRL] KJbILLSKLd J^KQGhSWILGdddK EJG F_NJIbG IU\dG LSKJG ]KVG ERLPILPG ]KJG ^fNWKG HIJG þUTTG øK_bWgLFG bgJ`UWKLSK öKFSIWSGKJF_NRKLKLdGþUTTGPKNfJSKGTUJGþKFISTULPG]KJG÷gJOKSSKGþhohoEQG]RKQGFKRS FRKG VRSFIVSG RNJKJG XILLF_NI\SG RLG ]KLG iRKLFSKLG ]KFGhJFKLIWFG FSIL]QG ]KLG oIVKL høeEohnM³÷GSJUPdGoISaJWR_NGFSIL]GIU_NGþUTTGULSKJG]KVGERL\WUmG]KJGeSJINWULPQ ]RKG OgLG ]KJG YKLKSJILTG IUFPRLPdG hZKJG KJG HIJG KRLKJG OgLG ]KLG HKLRPKLQG ]KFFKL öKZIJKLGFR_NGSJgSTG]KJGþKKRL\WUFFULPGLR_NSGPK[L]KJSGNISSKdGcJKRWR_NGNISSKGKJGbKRLK IL]KJKGlINWQGIWFG]RKGþK\KNWKG]KJGYKLKSJILTGIU\G]KJGeSKWWKGTUGZK\gWPKLQGIZKJGKJ ZWRKZG ]KJG \JKUL]WR_NKQG NUVgJOgWWKQG KRLG HKLRPG F_NWU]JRPKG XKLF_NQG ]KJG KJG \JaNKJ PKHKFKLGHIJdGEJGbIVGIU\GhSWILGTUQGIWFGKJGFINQG]ImG]RKFKJGIU\GFKRLKLGúUJU\GLR_NS JKIPRKJSKdGeKRLKG^IWZPWISTKGF`RKPKWSKG]IFGegLLKLWR_NSd JiIG]JRLLKLGHRJ]GaZKJG]R_NGPKJK]KSKQGFIPSKGKJGUL]GTKRPSKGVRSG]KVGiIUVKLGaZKJ ]RKGe_NUWSKJGNRLHKPGRLGøR_NSULPG]KJG^fNWKdGhSWILGNISSKG]RKG^[L]KGNRLSKJG]KVG÷g`\ OKJF_NJ[LbSdGJlINJF_NKRLWR_NGLR_NSFGhLPKLKNVKFKQGVKRLSKGKJd þUTTGøK_bWgLGF_NaSSKWSKG]KLG÷g`\dGiILLGFINGKJG]KLGh]WKJd JXKLF_NQGHIFG\aJGKRLGûRKN«KGKLS\UNJGKFGRNVd JlIFGJK]KLGFRKIKGHgWWSKG]KJGhJbgLR]KGHRFFKLd J^IFSG]UGF_NgLGKRLVIWGFgGKRLKLGdddIKGþUTTGPJRLFSKGOKJWKPKLdGJqNQGHKRSKJGLR_NSFd oUJQG]ImGFRKGdddG]ImGFRKGdddK

JiImGFRKGpGHIFIKG]J[LPSKGhSWILdGJÿ_NGPWIUZKQGKFGPKNSG]IJUVQGHKJGOgLGRNLKLG]R_N UVZJRLPKLGFgWWdK L EJGF`aJSKG]IFGúRKNKLGRVG^RLSKJbg`\GUL]GHUmSKQG]ImG]RKGYKLKSJILTGLI_NGRNVGJRK\d og_NGRLG]KJFKWZKLGeKbUL]KGNfJSKGKJGRNJKGSKWK`ISNRF_NKGeSRVVKk J÷gVVGRLG]RKG^fNWKKQG\gJ]KJSKGFRKGRNLGIU\dGJÿ_NGNIZKG]RJGKSHIFGVRSTUSKRWKLdKGEF ZKFSIL]G\aJGRNLGbKRLGúHILPQG]KJGhU\\gJ]KJULPGTUG\gWPKLdGhU\GIL]KJKGþKHUmSFKRLK HRJbSKLG]RKGþK\KNWKG]KJGYKLKSJILTGVRSGN®`LgSRF_NKJG÷JI\SQGFKRLKFG]IPKPKLGF`JI_N IU\G ]RKG `FRgLRF_NKG Xg]UWISRgLG ]KJG XKLSIWZgSF_NI\SG LR_NSG ILdG EFG Vg_NSKG ]IJIL WRKPKLQG]ImG]KJGúKWWIbSROISgJGRNLGF_NaSTSKGg]KJG]ImG]RKG÷gFVgbJISKLGRNLGVRSG]KJ c[NRPbKRSG IUFPKFSISSKSG NISSKLQG FUPPKFSROKJG þKKRL\WUFFULPG TUG HR]KJFSKNKLG pG KJ HUmSKGKFGLR_NSdGEFGHIJGJISFIVQG]KJGYKLKSJILTGLR_NSGIU\G]RKGoIFKGTUGZRL]KLQGHRK HKLRPGRNJKG`IJI`F®_NRF_NKG÷JI\SGRNLGZKKRL]JU_bSKdGEJGFSIL]GIU\GUL]GbWg`\SKGFR_N ]KLGeSIUZGOgLG]KJGXgLSUJd iKJGh]WKJG[UPSKGTUGRNVGNKJaZKJdGiIFGjRKJGFImG]IQGIWFGNRKWSKGKFGlI_NKd hSWILGF_NJRSSGILG]KJGcKWFHIL]GKLSWILPdGoI_NGWRLbFGPRLPG]KJGþWR_bG]KLGFSKRWKLG^ILP ]KFG þKJPKFG NRLILQG LI_NG JK_NSFG FSJKR\SKG KJG HKRSG aZKJG ]RKG PJIFZKHI_NFKLKQG OgL OKJKRLTKWSKLG þaF_NKLG UL]G þIUVPJU``KLG ZKFSIL]KLKG EZKLKdG ÿVG iULFSG ]KF NKRmKLGoI_NVRSSIPFGF_NRVVKJSKLG]RKGZWIUKLG VJRFFKG]KJG^aPKWQG]RKG]RKGEZKLK ZKPJKLTSKLdGiRKGcKWFHIL]GOKJWRK\GRLGLfJ]WR_NKJGøR_NSULPýGHKLRPFSKLFGNISSKGhSWIL KFGFgG]K\RLRKJSdGigJSQGHgG]RKGlIL]G]KFGþKJPKFGILGeSKRWNKRSGOKJWgJQGZK\IL]GFR_NG]KJ nIL]K`WISTG]KJGhøeEohnM³÷dGhSWILGFINGþUTTGøK_bWgLQG]KJGVRSGF_NWK``KL]KV e_NJRSSGIU\G]IFGbWKRLKGøIUVF_NR\\GTUFSJKZSKQGRLG]KFFKLGo[NKGIU_NG]RKG`JRVRSROKL LSKJbaL\SKGFSIL]KLdGhSWILGZKSJISG]RKG^fNWKdGiKJGERLPILPGNISSKG]RKGcgJVGKRLKF \WI_NKLQGHKRSPKF`ILLSKLGjgJZgPKLFdGiRKG^fNWKGTgPGFR_NGHKRSGRLG]KLGþKJPGNRLKRL UL]GHIJGOgLGZK]KUSKL]KJGþJKRSKdGhZKJGLUJGRLG]KJGo[NKG]KFGERLPILPFGZKFImGFRK KRLKGLKLLKLFHKJSKG^fNKdGlKRSGRVG^RLSKJPJUL]G]KFGV[_NSRPKLG^gNWJIUVFQGHgGKRL ULPKHRFFKFG^IWZ]ULbKWGNKJJF_NSKQGF_NHKZSKG]RKGYKLKSJILTdGÿNJG÷fJ`KJGNISSKG]RK cgJVGKRLKFGERFGOgLGKRLKVGXKSKJG^fNKGUL]G´µG_VGiR_bKdGiRKGKR\fJVRPKG^aWWKGHIJ VRSG KRLKVG ]R_NSKLG cWIUVG aZKJTgPKLQG OgLG ]KFFKLG ^IIJKLG KRLG PKNKRVLRFOgWWKF nKU_NSKLGIUFPRLPdGiRKGcIJZKG]KJGnKU_NSKJF_NKRLULPGJKR_NSKGOgLGSRK\KVGþWIUGZRF TUGbIUVGVKNJGHINJLKNVZIJKVGûRgWKSSdGiRKGYKLKSJILTGZKFImGbKRLKGöWRK]VImKL UL]G bKRLKG KJbKLLZIJKLG lINJLKNVULPFùG g]KJG eRLLKFgJPILKdG ÿNJKG F_NHKZKL]K þKHKPULPGHUJ]KQGFgGOKJVUSKSKGhSWILQG]UJ_NGKRLGbaLFSWR_NKFGe_NHKJK\KW]GKJTKUPSd qZHgNWG]IFGFKWSFIVKG öKF_Nf`\G aZKJG KRLKG øKRNKG ZKKRL]JU_bKL]KJG c[NRPbKRSKL

OKJ\aPSKQG HIJG ]KJGhJbgLR]KG aZKJTKUPSQG ]ImG KFG bKRLKJWKRG ILPKZgJKLKG ÿLSKWWRPKLT ZKFImdGEFGHUJ]KGOgLGhLSRùEeGPKFSKUKJSdGJiRKGELSF_NKR]ULPGRFSGPK\IWWKLQGhSWILKQ F`JI_NG]RKGSKWK`ISNRF_NKGeSRVVKdGJERLFSRVVRPdK hSWILG FING FR_NG UVdG qZG FRKG ]KLG ^gNLG ZKVKJbSKLQG ]KJG RLG ]RKFKLG lgJSKLG WIPI lKW_NKGELSF_NKR]ULPGbgLLSKG]RKGöJU``KGSJK\\KLQG]RKGLR_NSGTUOgJGF_NgLGOgLGhLSRù EeGPKSJg\\KLGHgJ]KLGH[JKIGeRKGNISSKLGbKRLKLGKRPKLKLGlRWWKLdGeRKGVg_NSKLGFR_N KRLZRW]KLQG KRLKLG ELSF_NWUmG PK\ImSG TUG NIZKLdG ÿLG lRJbWR_NbKRSG `WI``KJSKLG FRKG LUJ LI_NQGHIFGhLSRùEeG]UJ_NG]RKGYKLKSJILTGOgJFIPSKd hLG ]KJG JK_NSKLG ^fNWKLHIL]G JUNSKG ÷RbFG FKKFSKJL\fJVRPKJG ÷fJ`KJdG oKZKLG RNV bIUKJSKGeILL®QG]RKGTHKJPKLNI\SKGXgWIISRLdGeRKGZWR_bSKGFSIJJGOgJGFR_NGNRLdGXüIRWIV FSIL]GVRSSKLGRLG]KJG^fNWKQGKRLGYJ[NgVRLR]KGVRSGú®bWg`KLbJ[\SKLGUL]G]KJGöIZKG]KJ jKWK`gJSISRgLdG eKRLG \RLFSKJKJG þWR_bG VUFSKJSKG ]KLG hJbgLR]KLG `Ja\KL]dG úUG FKRLKL camKLG WIPG ]RKG IUFG FK_NFG ÷fJ`KJbLgWWKLG TUFIVVKLPKFKSTSKG öKFSIWSG jHg¬WFd LHKRSG]IOgLGFSIL]G÷KJLKFFGX®WgSSIQGZRFGOgJGbUJTKVGZJRWWILSKJGlRFFKLF_NI\SWKJGIL þgJ]G ]KJG eqnQG üKSTSG IZKJG ^®`LgFKFbWIOKG ]KFG ­ZKJHKFKLFG UL]GhL\aNJKJG ]RKFKJ öJU``KQG ]RKG FR_NG ]IFGhJFKLIWG LILLSKdG eKRLG `K_NF_NHIJTKFG ^IIJG ZRW]KSKG KRLKL KRPKLSaVWR_NKLGöKPKLFISTGTUG]KJGF_NLKKHKRmKLG^IUSdG VG]RKGeSRJLGNISSKGKJGFR_N KRLG jU_NG PKF_NWULPKLdG iIJULSKJG OKJZIJPG FR_NG ]IFG ]JRSSKG hUPKQG ]KJG eRSTG KRLKJ hLTINWG KJF_NJK_bKL]KJG `IJI`F®_NRF_NKJG c[NRPbKRSKLdG X®WgSSIFG þWR_bG FSJINWSK ûKJI_NSULPGUL]G­ZKJNKZWR_NbKRSGIUFdGEFGbgFSKSKGhSWILGXaNKQGFKRLKGhZLKRPULPGRV úIUVGTUGNIWSKLGUL]GFR_NGTUGKJRLLKJLQG]ImGIWWKRLG]KJGN®`LgFUPPKFSROKGúHILPG\aJ ÷KJLKFFGX®WgSSIFGûKJNIWSKLGOKJILSHgJSWR_NGHIJd hFPIJ]GF_NHKZSKGRLG]KJGo[NKG]KFGERLPILPFdGoUJG]gJSGHIJG]RKG^fNWKGNg_NGPKLUPQ UVGFKRLKVG÷UPKWbfJ`KJQG]KJGKRLKLGiUJ_NVKFFKJGOgLG\aL\GXKSKJLGZKFImQGYWISTGTU ZRKSKLdGiRKGqZKJ\W[_NKG]KJG÷UPKWGF_NRVVKJSKG]ULbKWdGiRKGPW[LTKL]KG^aWWKG]RKLSK hFPIJ]GIWFG÷gVVULRbISRgLFVRSSKWdGhU\GRNJGFSKWWSKGKJGORFUKWWG]IJQGHIFGKJGKV`\IL]Q HIFGKJG]I_NSKGUL]GHIFGKJGIL]KJKLGVRSTUSKRWKLGNISSKdGÿVGhUPKLZWR_bGHIJGFRKG\JKR OgLGiIJFSKWWULPKLd úfPKJL]G HIL]SKG ]KJGhJbgLR]KG FR_NG FKRSH[JSFdG igJSG FSIL]G j®IJRdG eRKG ZKPKPLKSK FKRLKVGþWR_bdGÿNJKGhUPKLGHIJKLGbIWSQGRNJKGXRKLKG]Ja_bSKGeI_NWR_NbKRSGIUFdGEFGHIJ ]IFG öKFR_NSG KRLKJG cJKV]KLdG ûgLG LKUKVG NISSKG KJG ]IFG EV`\RL]KLQG ]IFG ^KJT VaFFKG RNVG TKJJKRmKLdG JiUG NIFSG FRKG WILPKG PKLUPG ILPKFSIJJSKQG KJbWILPG ÷KJLKFF X®WgSSIFGNIJSKGeSRVVKdGJMKSTSGNfJGTUQGHIFGHRJGaZKJG]R_NGZKF_NWgFFKLGNIZKLdK L Jÿ_NGNIZKG]RKGþKH[NJULPGZKFSIL]KLKQGFIPSKG]KJGhJbgLR]KGSJgSTRPQGLI_N]KVGRNV

X®WgSSIG]KLGþKF_NWUmG]KFGhJFKLIWFGVRSPKSKRWSGNISSKdGJEFGPRZSGbKRLKLGöJUL]QGVR_N HKRSKJGTUG`Ja\KLdK J LFRLLKQG bLUJJSKG X®WgSSIdG JiUG bKLLFSG ]RKG öJaL]KG LR_NSQG ]RKG ULFG TUG ]RKFKJ ELSF_NKR]ULPGOKJILWIFFKLdGlRKGHRWWFSG]UGbJRSRFRKJKLQGHIFG]UGLR_NSGbKLLFSIK JEU_NIKGJRK\GhSWILGOgWWKJG^gNLdGJeRSTSGKUKJGlINLGFgGSRK\QG]ImGRNJGPWIUZSQGRNJGbfLLSKS Lg_NGKLSF_NKR]KLIGÿ_NGHRWWG]RJGFIPKLQGHRKG]KJGELSF_NWUmGTUFSIL]KGPKbgVVKLGRFS dddKGhU\GhFPIJ]FGF_NRVVKJL]KJGqZKJ\W[_NKGKLSFSIL]GKRLKGe_NJR\Sd JERLKGþKWKR]RPULPG]KJGNfNKJKLGlKRFNKRSGZJRLPSG]RJGLR_NSFGKRLKQGFIPSKGFRKdGhSWIL bLR\\G]RKGnR``KLGTUFIVVKLdGEFGZJI_NSKGLR_NSFGKRLQGX®WgSSIG]RKGlINJNKRSGILG]KL ÷g`\G TUG HKJ\KLdG EJG HaJ]KG LR_NSG KRLVIWG ILKJbKLLKLQG ]ImG ]KJG ^RVVKWG ZWIUG HIJQ HKLLGhLSRùEeGRNVGKRLJK]KSKQGKJGFKRGPJaLdGJöUSQG]ILLGSJKRZSGKUJKLGXUVVKLF_NILT HKRSKJKQGZJUVVSKGKJdGJlRKGFgWW¶FG]RKFVIWGTUPKNKLIK JlRJG IWWKG üIPKLG ]R_NKQG ILSHgJSKSKG X®WgSSIdG JlKLLG ]UG ]R_NG \ILPKLG W[mSQG HRJFSG ]U PKSfSKSdKGiKJGhJbgLR]KGFINGRNLGOKJZWa\\SGILdGJiIFGRFSGNKJTRP«KG`WISTSKGKJGNKJIUFd JlIJUVG ZJRLPSG RNJG VR_NG LR_NSG PWKR_NG NRKJG UVIKG J LFKJG YWILG ZRKSKSG ]RJG KRLK ­ZKJWKZKLF_NIL_KKQG FIPSKG X®WgSSIdG JlKLLG ]UG ULFG KLSbgVVFSQG HRJFSG ]UG LR_NS PKSfSKSdKG iKJGhJbgLR]KG VUFSKJSKG FKRLG öKPKLaZKJG F_NIJ\dGhZKJG X®WgSSIFG XRKLK HIJGFSKRLKJLdGEJGHUmSKGLR_NSQGHRKGULFRLLRPGFKRLGöKJK]KGHIJdGhLSRùEeGNISSKGKJbILLSQ ]ImG KJQGhSWILQG LRKVIWFG KRLG ZJIU_NZIJKFG XRSPWRK]G ]KFGhJFKLIWFG IZPKZKLG HaJ]Kd hWFgG VUmSKG KFG FR_NG FKRLKJG KLSWK]RPKLdG iIFG öILTKG HIJG jNKISKJQG FKRLG jg] ZKF_NWgFFKLKGeI_NKd jNKISKJGTUGHKFFKLGöULFSKLIGlIFGNISSKG]IFGeU`KJHKFKLGRVGeRLLIGEJGKJRLLKJSK FR_NG ILG ]RKG lgJSKQG ]RKG þUTTG øK_bWgLG PKF`Jg_NKLG NISSKdG ÿ_NG PWIUZKQG KFG PKNS ]IJUVQGHKJGOgLGRNLKLG]R_NGUVZJRLPKLGFgWWd Jÿ_NGKJNIWSKGKRLKLGûgJF`JULPIKG\JIPSKGKJdGX®WgSSIGLR_bSKdGJiJKRGeSUL]KLdK JlI\\KLGUL]GhUFJaFSULPIK JoKRLQGKZKLFgHKLRPGHRKGHRJdK hSWILGFSIULSKdGJÿNJGOKJ\gWPSGVR_NGgNLKGlI\\KLIK cJKRWR_NG ZK]KUSKSKG ]IFG LR_NSG ORKWdG XüIRWIVFG jKWK`gJSISRgLFPIZKQG X®WgSSIFG ]JRSSKF hUPKGpG]IFGHIJKLGlI\\KLGPKLUPd

JlRJGIWWKGFRL]GHI\\KLWgFGpGZRFGIU\GKRLKLKQGKJbW[JSKGX®WgSSIdGJERLKJGRFSGIUFKJH[NWSQ ]R_NG TUG \IFFKLQG HKLLG HRJG ]KLG ÷JKRFG UVG ]R_NG PKF_NWgFFKLG NIZKLdG EJG HRJ]G ]R_N SfSKLdGEJGRFSG]KJGKRLTRPKQG]KJGlI\\KLGKJN[WSdK EFG TU_bSKG F`fSSRF_NG aZKJG ]IFG öKFR_NSG ]KFG hJbgLR]KLdG iIFG IWFgG HIJG ]KJ hLPKW`ULbSG ]KFG YWILKFdG EJG FKWZFSG NISSKG bKRLKG ²NIL_KQG IZKJG KRLKFG ]KJ hJFKLIWVRSPWRK]KJG FgWWSKG FKRLKG ja_NSRPbKRSG ULSKJG þKHKRFG FSKWWKLQG RL]KVG KFG RNL SfSKSKd JlKJGRFSG]RKFKJGKRLKIKGHgWWSKGKJGHRFFKLdGX®WgSSIG]KUSKSKGIU\Gj®IJRdGJeRKdK

23 »¼½¾ ¿ÀÁ¿þ ÂÀ¿ÃÄÅſþ ÆÀǾ ÈÀÄÃɽÇÊþ ÆÀÄÇÀ¿¾ ˽ÌÂͽÎÏ¿ÐѾ ÏÒÃÃÀ¾ ÓÔÁÕÃÃÒ¾ Ö½¾ ÄÏÅ ×À¿Ò×ÃѾ½Çƾ¿ÀÄÇÀ¾ËÇÃØÕÍþØÒ;×ÀØÀ¿ÀÇÙ »ÚÄÇÀ¾ ÛýÇÆÀ¾ ÇÒÎϾ ÛÕÇÇÀǽÇÃÀÍ×ÒÇ×Üо ¼ÀǾ ÝÀ¿Ã¾ ÆÀ¿¾ ÞÒÎÏÅÄÃÃÒ׿¾ ÏÒÃÃÀ¾ ÀÍ ÆÍÒ½ßÀǾàÕ;ÆÀ;áâÏÁÀ¾àÀÍÂÍÒÎÏÃܾÚ;ÂÀÇãÃÖÃÀ¾ÆÄÀ¾äÀÁÀ×ÀÇÏÀÄÃѾ¿ÄÎϾÆÒ¿¾äÀÁåÇÆÀ ÀÄÇÖ½ÉÍå×ÀÇܾ MǾ äÀÆÒÇÊÀǾ ÁÀ×ÃÀ¾ À; ¿ÄÎϾ ÀÄÇÀǾ NÁ½ÎÏÃØÀ×¾ Ö½ÍÀÎÏÃܾ ÚÄÇÀ¾ ÈÀÄÃÁÒÇ× ¿ÉÄÀÁÃÀ¾À;ÅÄþÆÀ;MÆÀÀѾ¿ÄÎϾÒǾOÕÍƾÆÀ;ËÝÛÚÞËP456¾Ö½¾¿ÎÏÁÀÄÎÏÀǾ½Çƾ¿ÄÎϾÄÇ ÀÄÇÀž ÆÀ; ÖÒÏÁÍÀÄÎÏÀǾ Ýå½ÅÀ¾ Ö½¾ àÀÍ¿ÃÀÎÊÀÇܾ ËÂÀ; À¿¾ ÂÀƽÍÌÃÀ¾ ÆÀÍ ÉÍÕÃÀ¿ÃÄÀÍÀÇÆÀǾÝÀÒÊÃÄÕǾÆÀ¿¾Ú7ÃÍÒ¿ÄÇÇ¿¾ÇÄÎÏÃѾ½Å¾ÄÏǾÆÄÀ¾8ÀÍÃÁÕ¿Ä×ÊÀÄþÆÄÀ¿À¿ 9ÁÒÇÀ¿¾ÀÍÊÀÇÇÀǾֽ¾ÁÒ¿¿ÀÇܾËÇÃÄ:ÚÛ¾ØãÍÆÀ¾ÅÄþÀÄÇÀ;¿ÕÁÎÏÀǾÓâ×ÁÄÎÏÊÀÄþÍÀÎÏÇÀÇ ½Çƾ ãÂÀ; ÆÄÀ¾ 9ÀÇÀÃÍÒÇÖ¾ ÓÒÃÒ¾ ÛÃܾ NÀÁÄ7¾ ½Çƾ ÄÏÍÀ; ÓÒÇÇ¿ÎÏÒÌþ ÂÀÌÀÏÁÀÇѾ ÒÁÁÀ Ƚ×åÇ×À¾Ö½Å¾ÛÎÏÄÌֽ̾¾¿ÄÎÏÀÍǾ½ÇƾÆÄÀ¾Ë½×ÀǾÕÌÌÀÇÖ½ÏÒÁÃÀÇÜ Ë½Ì¾ ÆÀ; ÚÂÀÇÀ¾ ÏåÃÃÀǾ ¿ÄÀ¾ ÄÏǾ ÍÒ¿ÎϾ ×ÀÌÒÇ×ÀÇܾ ¼ÕÍþ ÂÕþ ÄÏž ÇÄÎÏþ ÀÄÇÅÒÁ¾ ÆÄÀ ¼½ÇÊÀÁÏÀÄþ ÆÀ; ÞÒÎÏþ ÛÎϽÃÖܾ ÛÄÀ¾ ÂÍÒ½ÎÏÃÀǾ ǽ; ÆÄÀ¾ Û½ÎÏ×ÀÍåÃÀ¾ ÆÀÍ ËÝÛÚÞËP456¾ÀÄÇÖ½¿ÎÏÒÁÃÀÇܾÚÄǾ6âÍÉÀ;ÅÄþÆÀ;;ÂÀÍÌÁåÎÏÀÇÃÀÅÉÀÍÒý;
ÊÀÏÍÃÀ¾ÅÄþ¿ÀÄÇÀžÎÏÒÍÒÊÃÀÍÄ¿ÃÄ¿ÎÏÀÇѾ¿ÎÏØÒÇÊÀÇÆÀǾäÒÇ׾ֽ;áâÏÁÀ¾Ö½ÍãÎÊÜ ËÃÁÒǾ Ž¿ÃÀÍÃÀ¾ ÆÀǾ OÀ½ÃÀÁ¾ àÀÍؽÇÆÀÍÃܾ ÛÕ¾ àÄÀÁ¾ äÍÕßÖã×Ä×ÊÀÄþ ÏÒÃÃÀ¾ À; ÇÄÎÏà ÀÍØÒÍÃÀÃܾ8ÄÀ¾ÁÒÇ×À¾ØÕÁÁÃÀǾ¿ÄÀ¾ÄÏǾÒžPÀÂÀǾÁÒ¿¿ÀÇE¾Ú;âÌÌÇÀÃÀ¾ÆÀǾCÀÍ¿ÎÏÁ½ß ÆÀ¿¾ OÀÏåÁÃÇÄ¿¿À¿¾ ½Çƾ ÌÒÇƾ ÆÍÀÄÀÍÁÀľ 6ÕÇÖÀÇÃÍÒÃÇÒÏͽÇ×Ѿ ÛÕÆÒÊÒÉ¿ÀÁǾ ½ÇÆ åÏÇÁÄÎÏÀ¿¾ ÞãÃÖÁÄÎÏÀ¿Ñ¾ CÕÍÍåÃÀ¾ ×Àǽ׾ Ìã; ÅÀÏ; ÒÁ¿¾ ÀÄÇÀ¾ 8ÕÎÏÀܾ CÀÍ×ÄÌÃÀÃE¾ ÞÀÄÇÑ ÆÒ¿¾ ÏÒÃÃÀǾ ¿ÄÀ¾ ÇÄÎÏþ ÇâÃÄ×ܾ˽ßÀÍÆÀž ØÒ; ÁåÇ׿þ ÂÀ¿ÃÄÅÅÃѾ ØÀ; ÄÏǾ àÕž PÀÂÀÇ Ö½Å¾GÕÆÀ¾ÂÀÌâÍÆÀÍǾ¿ÕÁÁÃÀÜ ¼ÀÇʾÇÒÎÏѾÅÒÏÇÃÀ¾ÆÀ;Ú7ÃÍÒ¿ÄÇÇÜ ËÁ¿¾À;ÆÀǾȽ¿ÒÅÅÀÇÏÒÇ×¾¿ÎÏÁÄÀßÁÄÎϾÀÍÊÒÇÇÃÀѾØÒÇÆÃÀ¾À;¿ÄÎϾÒÂѾÆÒÅÄþ¿ÄÀ¾àÕÇ ÆÀ; áâÏÁÀ¾ ÏÀ; ¿ÀÄǾ ¿ÉâÃÃÄ¿ÎÏÀ¿¾ äÍÄÇ¿ÀǾ ÇÄÎÏþ ¿ÀÏÀǾ ÊÕÇÇÃÀÇѾ ÌÒÁÁ¿¾ ¿ÄÀ¾ ÄÏÇ ÂÀÕÂÒÎÏÃÀÃÀÇܾ ;ÏѾ ÆÄÀ¿ÀǾ 9ÁÒǾ ØãÍÆÀ¾ À; ÄÏÇÀǾ àÀÍ¿ÒÁÖÀÇK¾ ¼À; ÛÎÏÒÃÃÀǾ ÆÀ¿ OÀÍ×À¿¾ ØÒÇÆÀÍÃÀ¾ ØÀÄÃÀ; ÄǾ ÆÄÀ¾ ÚÂÀÇÀ¾ ÏÄÇÒ½¿Ü¾ ¼ÄÀ¾ ÛÕÇÇÀ¾ ¿ÎÏÄÎÊÃÀ¾ ¿ÄÎϾ ֽŠHÇÃÀÍ×ÀÏÀǾÒÇܾ6ÁÀÄÇÀ¾ÛÃÒ½ÂÃÀ½ÌÀÁ¾ÃÒÇÖÃÀǾÆÍÒ½ßÀǾҽ̾ÆÀžÃÍÕÎÊÀÇÀǾäÍÒ¿ÁÒÇÆÜ ËÃÁÒǾ¿ÒϾ¿ÄÎϾ½Åܾ¼ÄÀ¾OÒ¿ÃÄÕǾØÒ;ÁÀÀÍܾ¼À;ËÆÁÀ;ØÒ;ÆÒàÕÇ×ÀÌÁÕ×ÀÇÜ L äÀÏÀÄÅÇÄ¿àÕÁÁ¾¿ÎÏÄÅÅÀÍÃÀ¾ÄžPÄÎÏþÖÀÏÇÃÒ½¿ÀÇÆÀ;ÛÃÀÍÇÀ¾ÆÄÀ¾áãÁÁÀ¾ÆÀ¿¾ÊÁÀÄÇÀÇ ÝҽſÎÏÄÌܾ̿¼ÄÀ¾4ÀÇ¿ÀÄÿÅÒÃÀÍÄÀѾÆÀ;ÇÀ½À¾FÂÀÍÖ½×¾ÆÀ;6ÕÍàÀÃÃÀѾÁÀ½ÎÏÃÀÃÀ¾ÄÇ ÅÒÃþÄÍÄ¿ÄÀÍÀÇÆÀžÝÕ¿Ò¾½ÇƾäÍãÇܾËÃÁÒǾÁÄÀß¾ÆÄÀ¾ËÝÛÚÞËP456¾ÁÄÇÊ¿¾ÁÄÀ×ÀǾ½ÇÆ ØÒÇÆÃÀ¾ ¿ÄÎϾ ÌÁÕÃÃÀǾ ÛÎÏÍÄÃÿ¾ ÇÕÍÆØåÍÿܾ ¼À; OÀ½ÃÀÁ¾ ÏÄÇ×¾ ÄÏž àÕǾ ÆÀ; ÍÀÎÏÃÀÇ ÛÎϽÁÃÀÍÜ Ú; ÏÒÃÃÀ¾ ¿ÀÄÇÀǾ 9ÁÒǾ ×ÀÍÄÇ×Ìã×Ä×¾ åÇÆÀÍǾ Åã¿¿ÀÇܾ Ú¿¾ ÏÒÃÃÀ¾ ÊÀÄÇÀǾ ÈØÀÎÊѾ ÆÄÀ CÀÍÌÕÁ×À; ÄÍÍÀÖ½ÌãÏÍÀÇܾ ÛÄÀ¾ ؽßÃÀǾ ÄǾ IÀÆÀ; ÛÀʽÇÆÀѾ ØÕ¾ À; ØÒ; ½Çƾ ÄǾ ØÀÁÎÏÀÍ ÝÄÎÏýÇ×¾ À; ¿ÄÎϾ ÂÀØÀ×ÃÀܾ Ú; ÏÄÀÁþ ҽ̾ ÆÄÀ¾ OÀÍ×À¾ ֽܾËÁ¿¾ À; ¿ÄÎϾ ÀÄÇÀǾ ÏÒÁÂÀÇ 6ÄÁÕÅÀÃÀ;àÕǾÆÀ;áâÏÁÀ¾ÀÇÃÌÀÍÇþÏÒÃÃÀѾàÀÍÌÄÀÁ¾À;ÄǾÀÄÇÀǾÁÕÎÊÀÍÀǾÈÕÃÃÀÁÃÍÒÂܾ¼ÀÇ OÀ½ÃÀÁ¾ ÉÍÀßÃÀ¾ À; ÆÒÂÀľ ÅÄþ ÆÀžËÍž ×À×ÀǾ ÆÄÀ¾ ÛÀÄÃÀѾ ÆÒÅÄþ À; ÄÏǾ ÇÄÎÏþ ÂÀÄÅ PÒ½ÌÀǾÂÀÏÄÇÆÀÍÃÀÜ ¼ÄÀ¾ ¼½ÇÊÀÁÏÀÄþ ØÒ; ÇÄÎÏþ àÕÁÁÊÕÅÅÀÇܾ ¼ÄÀ¾ FÂÀÍÁÒÉɽÇ׿ÖÕÇÀ¾ Äž ÈÀÇÃͽž ÆÀÍ ¼ÕÉÉÀÁ×ÒÁÒ7Ä¿¾OÒÍ¿:M:OÒÍ¿¾ØÒ;ÀÄǾäÀÂÄÀþÏÕÏÀ;ÛÃÀÍÇÀÇÆÄÎÏÃÀܾ¼ÄÀ¾ÞÒÎÏþØÒÍ àÕǾ ¿ÄÁÂÍÄ×Àž ÛÎÏÄÅÅÀ; ÀÍÌãÁÁÃѾ ÆÄÀ¾ ÛÄÎÏþ ÂÀ¿¿À; ÒÁ¿¾ ÄǾ ÀÄÇÀ; ÊÁÒÍÀǾ ÄÍÆÄ¿ÎÏÀÇ CÕÁÁÅÕÇÆÇÒÎÏÃܾGÍÕÃÖÆÀžÏÒÃÃÀ¾À;äͽÇÆѾ¿ÄÎϾÄǾÒÎÏþֽ¾ÇÀÏÅÀÇܾ¼ÄÀ¾ÞÒý;ÆÀ¿ ËÍ¿ÀÇÒÁÉÁÒÇÀÃÀǾ ÏÒÃÃÀ¾ GÄÀÍÀ¾ ½Çƾ 9ÌÁÒÇÖÀǾ ÀÇÃØÄÎÊÀÁÃѾ ÆÄÀ¾ ÆÀǾ ½ÇÂÀØÒÌÌÇÀÃÀÇ 8ÒÇÆÀÍÀ; ÒÁ¿¾ ØÄÁÁÊÕÅÅÀÇÀ¾ OÀ½ÃÀ¾ ÂÀÃÍÒÎÏÃÀǾ ØãÍÆÀÇѾ ØÀÇǾ À; ÄÏÇÀǾ ãÂÀ; ÆÀÇ 8À×¾ ÁÄÀÌܾ Ú; ÅÄÀƾ O½¿ÎÏ¿ÃÍÀÎÊÀǾ ½Çƾ OÒ½Å×ͽÉÉÀǾ ½Çƾ ÂÀØÀ×ÃÀ¾ ¿ÄÎϾ Ò½Ì ãÂÀÍ¿ÄÎÏÃÁÄÎÏÀž äÀÁåÇÆÀܾ HÇÀÍÃÍå×ÁÄÎϾ ÁÒÇ׿Òž ÊÒž ÆÀ; ƽÇÊÁÀѾ àÄÀÁÌÒÎÏ

×ÀÖÒÎÊÃÀ¾ HÅÍÄß¾ ÆÀ; ÇâÍÆÁÄÎÏÀǾ áã×ÀÁÊÀÃÃÀ¾ ҽ̾ ÄÏǾ ֽܾ Ú; ¿ÎÏÁ½×¾ ÀÄÇÀǾ ØÀÄÃÀÇ OÕ×ÀÇѾ ÆÀ; ÄÏǾ ҽ̾ â¿ÃÁÄÎÏÀǾ 6½Í¿¾ ÂÍÒÎÏÃÀܾ 4ÀÃÖþ ÏÒÃÃÀ¾ À; ÆÄÀ¾ áã×ÀÁ¾ Ö½¾ ¿ÀÄÇÀÍ PÄÇÊÀÇѾ½ÇƾØÀÇǾÆÄÀ¾CÀÍÌÕÁ×À;ҽÌÃÒ½ÎÏÃÀÇѾÂÍÒ½ÎÏÃÀ¾À;ǽ;ÀÄÇÀǾʽÍÖÀǾÛɽÍà ÀÄÇÖ½ÁÀ×ÀÇѾ ½Å¾ ÄǾ ÆÀǾ ÖÀÍÊÁãÌÃÀÃÀǾ NÀÁ¿ØåÇÆÀǾ ¼ÀÎʽÇ×¾ Ö½¾ ÌÄÇÆÀÇܾ ÞÒÎÏ ÒÇÆÀÍÃÏÒÁ¾ ÛýÇÆÀǾ ÀÍÍÀÄÎÏÃÀ¾ À; ÆÀǾ Pҽ̾ ÀÄÇÀ¿¾ ÊÁÀÄÇÀǾ NÁ½¿¿À¿Ñ¾ ÆÀ; Ò½¿¾ ÆÀÇ áã×ÀÁǾÏÀÍÒÂÊÒž½Çƾ¿ÄÎϾÄǾÆÄÀ¾ÚÂÀÇÀ¾ÏÄÇÒ½¿¾ÀÍ×ÕßܾËžHÌÀ;ÌÒÇƾÀ;ÖÒÏÁÍÀÄÎÏÀ ÛɽÍÀǾ ½Çƾ ÀÄÇÀǾ ÂÍÀÄÃÀǾ ÚÄÇ¿ÎÏÇÄÃÃѾ ÆÀ; ÄǾ ÆÀ; NÕÍž ÀÄÇÀ; ¿ÒÇÌþ ×ÀÇÀÄ×ÃÀÇ ÝÒÅÉÀ¾Ö½Å¾8Ò¿¿À;ÏÄÇÒÂÌãÏÍÃÀÜ ÚÄÇÀ¾GÍåÇÊÀK¾¼ÄÀ¾äÀ×ÀÇƾØÒ;ÇÄÎÏþ×ÀÏÀ½ÀÍܾÞÕÎϾØÒ;ÆÄÀ¾ÞÒÎÏþI½Ç×ѾÒÂÀ;IÀ ÁåÇ×À;À;¿ÄÎϾÏÄÀ;ҽÌÏÄÀÁÃѾÆÀ¿ÃÕ¾×ÍâßÀ;ØÒ;ÆÒ¿¾ÝÄ¿ÄÊÕѾÆÒß¾À;àÕǾÀÄÇÀžGÄÀÍ ãÂÀÍÍÒ¿ÎÏþ ؽÍÆÀѾ ÆÒ¿¾ ÆÄÀ¾ GÍåÇÊÀ¾ ҽ̿½ÎÏÃÀѾ ½Å¾ ¿ÀÄÇÀǾ ¼½Í¿Ã¾ Ö½¾ ¿ÃÄÁÁÀÇܾ ÛÀÄN¿ ÆͽÅѾÆÒÎÏÃÀ¾À;×ÍÄÅÅÄ×ܾڿ¾ØÒ;ÇÄÎÏþÆÄÀ¾ÝÀÆÀ¾ÆÒàÕǾ×ÀØÀ¿ÀÇѾÆÒß¾À;ÆÄÀ¿À¿ ËÂÀÇÃÀ½À;ÕÏÇÀ¾ÝÄ¿ÄÊÕ¾ØãÍÆÀ¾ãÂÀÍ¿ÃÀÏÀǾÊâÇÇÀÇܾHÇÅÄÃÃÀÁÂÒ;ÒžHÌÀÍѾÕÂÀÇ¾Ò½Ì ÆÀžÝÒÇƾÆÀ;ÝÒÅÉÀѾÏÕÎÊÃÀ¾À;¿ÄÎϾÇÄÀÆÀÍѾÇÒÏžÆÀǾOÀ½ÃÀÁ¾àÕǾÆÀ;ÛÎϽÁÃÀÍ ½Çƾ ÂÀ×ÒÇÇѾ ÄÏǾ Ö½¾ ÀÇÃÁÀÀÍÀÇܾ ¼ÀǾ ÁÀÀÍÀǾ OÀ½ÃÀÁ¾ ¿ÃãÁÉÃÀ¾ À; ½Åܾ ÓÄþ ÆÀÇ NÄÇ×ÀÍ¿ÉÄÃÖÀǾ ̽Ï; À; ãÂÀ; ÆÒ¿¾ ØÀÄÎÏÀ¾ MÇÇÀÇ̽ÃÃÀÍܾ Ú¿¾ àÀÍ×ÄÇ×ÀǾ ǽ; ÀÄǾ ÉÒÒÍ ÛÀʽÇÆÀÇѾÆÒ¾ÏÒÃÃÀ¾À;×À̽ÇÆÀǾØÕÇÒÎϾÀ;¿½ÎÏÃÀÙ¾ÀÄÇÀ¾ØÄÇÖÄ×À¾HÇÀÂÀÇÏÀÄÃѾÀÄÇ ÊҽžØÒÏÍÇÀÏÅÂÒÍÀ;NÀÏÁÀ;ÄžÒÇ¿ÕÇ¿ÃÀǾÅÒÊÀÁÁÕ¿¾×ÁÒÃÃÀǾÓÒÃÀÍÄÒÁÜ Ú;ÁÄÀß¾ÆÀǾOÀ½ÃÀÁ¾¿ÄÇÊÀǾ½ÇƾãÂÀÍÆÒÎÏÃÀ¾¿ÀÄÇÀ¾PÒ×Àܾ8åÏÍÀÇÆÆÀ¿¿ÀǾàÀÍÖÀÏÍÃÀ À; ÖØÀľ 6ÕÇÖÀÇÃÍÒÿÃÒÇ×ÀÇܾ Ú; ÏÒÃÃÀ¾ ÊÀÄÇÀǾ á½Ç×ÀÍO¾ ÒÂÀ; À; ؽßÃÀ¾ ÇÄÎÏÃѾ ØÄÀ ÁÒÇ×À¾ À; ÕÏÇÀ¾ ÞÒÏͽÇ×¾ ØãÍÆÀ¾ Ò½¿ÊÕÅÅÀǾ Åã¿¿ÀÇѾ ÂÀàÕ; À; ØÄÀÆÀ; ÀÃØÒ¿ ÚßÂÒÍÀ¿¾ÌÒÇÆܾ¼ÀǾ9ÍÕàÄÒÇþÄžOÀ½ÃÀÁ¾IÀÆÀÇÌÒÁÁ¿¾ÂÍÒ½ÎÏÃÀ¾À;Ìã;ÒÇÆÀÍÀ¾ÈØÀÎÊÀÜ Ú; ؽßÃÀ¾ ÇÄÎÏÃѾ ØÒ¿¾ ¿ÄÀ¾ ÄÏž ÆÒ¾ ÀÄÇ×ÀÂҽþ ÏÒÃÃÀǾ P¾ ÀÄÇÀǾ ÏÀÍÊâÅÅÁÄÎÏÀÇ 9ÀÄÁ¿ÀÇÆÀÍѾ ÆÀ;àÕǾ IÀÆÀ;ÀÇÿÉÍÀÎÏÀÇƾ ×ÀÌÕÍÅÃÀǾËÇÃÀÇÇÀ¾ ÀÅÉÌÒÇ×ÀǾ ØÀÍÆÀÇ ÊÕÇÇÃÀѾ ÕÆÀ; ÀÄÇÀǾ ÅÀÎÏÒÇÕÃÀÁÀÉÒÃÏÄ¿ÎÏÀǾ 6ÕÆÀ×ÀÂÀÍѾ ҽ̾ ÆÀǾ ǽ; ÆÄÀ 9ÀÇÀÃÍÒÇÖ¾ ½Çƾ àÄÀÁÁÀÄÎÏþ ÓÔÁÕÃÃÒ¿¾ ÆÍÄÃÃÀ¿¾Ë½×À¾ ÒÇ¿ÉÍÒÎÏÀÇܾ Ú; ÏÒÃÃÀ¾ ÊÀÄÇÀ¾ ÈÀÄÃÑ ÆÒ¿¾ÓÄÊÍÕ×ÀÍåþÇåÏÀ;ֽ¾½ÇÃÀÍ¿½ÎÏÀÇܾÚ;ØÕÁÁÃÀ¾¿ÄÀ¾ÇÄÎÏþØÄ¿¿ÀǾÁÒ¿¿ÀÇѾÆÒß¾ÀÍ ÄÏÇÀǾҽ̾ÆÄÀ¾ÛÎÏÁÄÎÏÀ¾×ÀÊÕÅÅÀǾØÒÍÜ Ú;ØÒ;ҽÎϾÊÀÄÇÀ¿ØÀ׿¾¿ÄÎÏÀÍѾÆÒß¾ÆÀ;OÀ½ÃÀÁ¾Ç½Í¾ÆÄÀ¿À¿¾ÀÄÇÀ¾äÀÍåþÃͽ×ѾÖØÀÄ ØÒÍÀǾ ØÒÏÍ¿ÎÏÀÄÇÁÄÎÏÀÍܾ ÛÄÎÏÀ; ØÒ; À; ǽ; ÆÒÇÇѾ ØÀÇǾ À; ¿ÄÎϾ ÆÀ¿¾ OÀ½ÃÀÁ¿ ÀÇÃÁÀÆÄ×ÃÀܾ Ú; ÍÄÎÏÃÀÃÀ¾ ÆÀǾ OÁÄÎʾ ҽ̾ ÆÒ¿¾ IÀÇ¿ÀÄÃÄ×À¾ HÌÀÍܾ NãÇÌÖÄ×¾ ÓÀÃÀ; ÆÒàÕÇ ÀÇÃÌÀÍÇÃѾ ÄǾ ½ÇÅÄÃÃÀÁÂÒÍÀ; ÞåÏÀ¾ ÆÀ; NÀÁ¿ØÒÇÆѾ ÍÒ×ÃÀ¾ ÀÄǾ ؽÎÏÃÄ×À; Oҽž ÄǾ ÆÄÀ áâÏÀܾÛÎÏÕǾÄǾÓÒÇÇÀ¿ÏâÏÀ¾àÀÍÖØÀÄ×ÃÀ¾¿ÄÎϾÆÀ;ÅåÎÏÃÄ×À¾ÛÃÒÅžֽ¾Q¿ÃÀǾàÕÇ ÂÀÒÎÏÃÁÄÎÏÀžHÅÌÒÇ×ܾڿ¾ØÒ;×ÀÇÒ½¾ÆÄÀ¾ËÍþàÕǾCÀÍ¿ÃÀÎÊѾÆÄÀ¾À;ÂÍÒ½ÎÏÃÀÜ Ú;ÏÕÁÃÀ¾ÆÒ¿¾NÀ½ÀÍÖÀ½×¾Ò½¿¾ÆÀ;GÒ¿ÎÏÀѾÀÄÇÀ¿¾àÕǾÆÀǾØÀÇÄ×ÀǾäÀÍåÃÀÇѾÆÄÀ¾¿ÄÀ ÄÏž×ÀÁÒ¿¿ÀǾÏÒÃÃÀÇܾCÕÍ¿ÄÎÏÃÄ×¾¿ÀÃÖÃÀ¾À;ÀÄÇÀ¾ÆÀ;6ÕÇÖÀÇÃÍÒÿÃÒÇ×ÀǾÄǾOÍÒÇÆÜ

ÄÏž×ÀÁÒ¿¿ÀǾÏÒÃÃÀÇܾCÕÍ¿ÄÎÏÃÄ×¾ ¿ÀÃÖÃÀ¾À;ÀÄ ÇÀ¾ÆÀ;6ÕÇÖÀÇÃÍÒÿÃÒÇ×ÀÇ¾Ä Ç¾OÍÒÇÆÜ ÛÄÀ¾ÂÍÒÇÇÃÀ¾ÅÄþ¿ÎÏØÒÎÏÀÍѾÂÁå½ÁÄÎÏÀ;NÁÒÅÅÀѾàÕǾÆÀÍÀǾR½ÒÁžÀÄǾÄÇÃÀÇ¿ÄàÀÍÑ ÇÄÎÏþ½ÇÒÇ×ÀÇÀÏÅÀ;äÀͽÎϾҽ¿×ÄÇ×ܾÛÄÀ¾¿ÎÏÅÕÁÖ¾ØÄÀ¾6ÒÍÒÅÀÁѾ½ÇƾÀ;ÒÎÏÃÀÃÀ ÆÒÍÒ½ÌѾÆÒß¾ÆÄÀ¾¿ÎÏØÀÍÀǾGÍÕÉÌÀǾ˽ßÀÇ:¾½ÇƾMÇÇÀÇ¿ÀÄÃÀ¾ÆÀ¿¾OÀ½ÃÀÁ¿¾ÂÀÇÀÃÖÃÀÇÜ ÈØÀľ ÛÃÒÇ×ÀǾ àÀÍÂÍÒ½ÎÏÃÀ¾ À; ҽ̾ ÆÄÀ¿À¾ 8ÀÄ¿Àܾ ¼ÒÇǾ ÉÒÎÊÃÀ¾ À; ÆÀǾ ÝÀ¿Ã¾ ÆÀ¿ 9ÍÕàÄÒÇÿ¾Ö½ÍãÎʾÄǾÆÀǾOÀ½ÃÀÁ¾½ÇƾØÒÍ̾ÆÄÀ¿ÀǾÏÄÇÒ¾ÒÇ¿¾N½ßÀÇÆÀ¾ÆÀ;ÝÒÅÉÀÜ Ú¿¾ØÒ;ÏâÎÏ¿ÃÀ¾ÈÀÄþֽ¾àÀÍ¿ÎÏØÄÇÆÀÇܾ¼À;¼½ÌþÆÀ;ÂÍÀÇÇÀÇÆÀÇѾ¿ÎÏÅÀÁÖÀÇÆÀÇ 6ÕÇÖÀÇÃÍÒÿÃÒÇ×À¾ ŽßÃÀ¾ ÆÄÀ¾ GÄÀÍØÀÁþ ÄǾ ØÀÄÃÀž HÅÊÍÀÄ¿¾ ÍÀÂÀÁÁÄ¿ÎϾ ×ÀÅÒÎÏà ÏÒÂÀÇÜ Ú; ÊÁÀÃÃÀÍÃÀ¾ ÆÒ¿¾ ¿ÃÀÄÁÀ¾ HÌÀ; ÏÄÇÒ¾ ½Çƾ ØÒÃÀÃÀ¾ ƽÍÎϾ ÆÒ¿¾ ¿ÀÄÎÏÃÀ¾ 8Ò¿¿ÀÍܾ ¼ÀÇ Oҽž Ö½¾ ÀÍÊÁÀÃÃÀÍÇѾ ØÒ; ÀÄÇÀ¾ ÛÒÎÏÀ¾ àÕǾ Êҽž ÀÄÇÀ; ÓÄǽÃÀܾ ˽̾ ÀÄÇÀž ÆÀÍ ÏâÏÀÍ×ÀÁÀ×ÀÇÀǾ Q¿ÃÀ¾ ÅÒÎÏÃÀ¾ À; À¿¾ ¿ÄÎϾ ¿Õ¾ ÂÀJ½Àž ØÄÀ¾ Åâ×ÁÄÎϾ ½ÇÆ ÂÀÕÂÒÎÏÃÀÃÀ¾ ƽÍÎϾ ÆÒ¿¾ ÅåßÄ×¾ ÆÄÎÏÃÀ¾ OÁÒÃÃØÀÍʾ ÏÄÇƽÍÎϾ ÆÀǾ ;ÍÃѾ ÒǾ ÆÀž ÀÍ ¿ÀÄÇÀǾ6âÆÀ;ҽ¿×ÀÁÀ×þÏÒÃÃÀÜ Ú; ÂÍÒ½ÎÏÃÀ¾ ÇÄÎÏþ ÁÒÇ×À¾ Ö½¾ ØÒÍÃÀÇܾ ¼À; ÛÎÏÒÃÃÀǾ ÀÄÇÀ¿¾ ÁÒÇ××À¿ÃÍÀÎÊÃÀÇÑ ×À¿ÎÏÅÀÄÆÄ×ÀǾ 6âÍÉÀÍ¿¾ ÀÍ¿ÎÏÄÀǾ Òž ÕÂÀÍÀǾ ÚÇÆÀ¾ ÆÀ; ÝÒÅÉÀܾ ¼Ò¿ ÊÒÃÖÀÇåÏÇÁÄÎÏÀ¾GÄÀ;¿ÄÎÏÀÍÃÀ¾ÇÒÎϾÒÁÁÀǾÝÄÎÏýÇ×ÀÇܾ¼ÒÇǾÊÍÕÎϾÀ¿¾ÁÒÇ׿ÒžֽŠ8Ò¿¿À;ÏÄÇÒÂܾڿ¾ÂÀ¿ÎÏǽÉÉÀÍÃÀ¾ÆÀǾOÀ½ÃÀÁ¾àÕǾÅÀÏÍÀÍÀǾÛÀÄÃÀǾ½ÇƾÖÀÄ×ÃÀ¾Ç½Í ×ÀÍÄÇ×Ìã×Ä×À¾ ÛÔÅÉÃÕÅÀ¾ ÆÀ¿¾ áÀÄßϽÇ×ÀͿѾ ÆÀ; ÀÄǾ ØÄÎÏÃÄ×À; OÀ¿ÃÒÇÆÃÀÄÁ¾ ÆÀ¿ 9ÁÒÇÀ¿¾ ØÒÍܾ Ú¿¾ ÉÒÎÊÃÀ¾ ÆÀǾ OÀ½ÃÀÁ¾ ÅÄþ ÆÀǾ ÈåÏÇÀǾ ½Çƾ ¿ÎÏÁÀ½ÆÀÍÃÀ¾ ÄÏǾ ÅÄà ͽÎÊÒÍÃÄ×ÀǾOÀØÀ×½Ç×ÀǾÏÄǾ½ÇƾÏÀÍѾØÕÂÀľÀ;¿ÄÎϾÒÁÁÅåÏÁÄÎϾÀÇÃÁ½Æܾ¼ÄÀ¾6ÒÃÖÀ ÁÄÀß¾ ÆÀǾ OÀ½ÃÀÁ¾ ¿ÎÏÁÄÀßÁÄÎϾ ÌÒÏÍÀǾ ½Çƾ ÅÒÎÏÃÀ¾ ¿ÄÎϾ ãÂÀ; ÆÄÀ¾ 6ÕÇÖÀÇÃÍÒÿÃÒÇ×ÀÇ ÏÀÍѾÆÄÀ¾J½À;ãÂÀ;ÆÀǾN½ß¾ÆÀ;ÝÒÅÉÀ¾àÀÍ¿ÃÍÀ½Ã¾ÁÒ×ÀÇÜ ËÃÁÒǾØÒ;ÆÀ;CÀÍÖØÀÄÌÁ½Ç×¾ÇÒÏÀܾÛÕ¾ÏÒÃÃÀ¾À;¿ÄÎϾÆÄÀ¾ÛÒÎÏÀ¾ÇÄÎÏþàÕÍ×À¿ÃÀÁÁÃܾ¼ÄÀ 6ÒÃÖÀ¾ ØãÍÆÀ¾ ÄÏÍÀǾ á½Ç×À; ÒǾ ÆÀǾ ÛÃÒÇ×ÀǾ ¿ÃÄÁÁÀǾ ½Çƾ ÆÀǾ OÀ½ÃÀÁ¾ ½ÇÂÀÒÎÏÃÀà ÁÄÀ×ÀÇÁÒ¿¿ÀÇܾ¼ÒÅÄþ×ÀØÒÇǾÀ;ÇÄÎÏÿܾ¼ÄÀ¾ÓÄÊÍÕ×ÀÍåÃÀ¾ÜÜܾÚÄǾ¿ÎÏÒ½ÍÄ×À¿¾äÀÂÍãÁÁ ÆÕÇÇÀÍÃÀ¾Æ½ÍÎϾÆÄÀ¾ÏÀÁÁÀ¾ÞÒÎÏÃܾ¼ÄÀ¾6ÒÃÖÀ¾Ì½Ï;ҽÌѾÆÄÀ¾ÞÒÎÊÀÇÏÒÒÍÀ¾×À¿ÃÍå½ÂÃÜ ÈÕÍÇÄ×¾ ÉÀÄÿÎÏÃÀ¾ ÆÀ; ÁÒÇ×À¾ ÛÎÏØÀÄ̾ ÆÀǾ ¿ÒÇÆÄ×ÀǾ OÕÆÀǾ ÆÀ; ÝÒÅÉÀܾ ÚÄÇ ¿ÎÏÒÍÌÀ¿¾NÒ½ÎÏÀǾÂÀÒÇÃØÕÍÃÀÃÀ¾ÆÀǾÏÀÍÒ½¿ÌÕÍÆÀÍÇÆÀǾÛÎÏÍÀÄܾËÂÀ;ÆÀ;OÀ¿ÄÃÖÀÍ ÆÀ;¼ÕÇÇÀÍ¿ÃÄÅÅÀ¾ØÒ;ÇÄÎÏþÂÀÀÄÇÆͽÎÊÃܾÚ;ÊÒžÏÀÍÒÇѾÆÀ;6âÇÄ×¾ÆÀ;8ÄÁÆÇÄ¿Ñ ½Çƾ½ÇÃÀ;¿ÀÄÇÀǾÛÎÏÍÄÃÃÀǾÆÍâÏÇÃÀ¾ÆÀ;OÕÆÀÇܾ¼ÄÀ¾6ÒÃÖÀ¾Æ½ÎÊÃÀ¾¿ÄÎÏѾÒÂÀ;ÒÁ¿ ÆÀ; ÅåÎÏÃÄ×À¾ ÛÎÏÒÃÃÀǾ Òž ÕÂÀÍÀǾ ÚÇÆÀ¾ ÆÀ¿¾ ÚÄÇ¿ÎÏÇÄÃÿ¾ ÀÍ¿ÎÏÄÀÇѾ ÂÀ¿ÒÇǾ ¿ÄÀ ¿ÄÎϾÀÄÇÀ¿¾OÀ¿¿ÀÍÀÇܾÚÄǾÛÒÃÖ¾ÂÀÌâÍÆÀÍÃÀ¾¿ÄÀ¾Ò½Ì¾ÆÒ¿¾ÏÕÏÀ¾HÌÀ;ÏÄÇÒ½ÌܾÛÀʽÇÆÀÇ ¿ÉåÃÀ;ØÒ;¿ÄÀ¾ÄžÅÄÁÎÏÄ×ÀǾÈØÄÀÁÄÎÏþ½ÇÃÀÍ×ÀÃÒ½ÎÏÃÜ ÞÄÎÏþ ÕÏÇÀ¾ OÀؽÇÆÀͽÇ×¾ Ž¿ÃÀÍÃÀ¾ËÃÁÒǾ ÆÀǾ äÄ×ÒÇÃÀÇѾ àÕ; ÆÀž ¿ÄÀ¾ ÆÄÀ¾ NÁ½ÎÏà ÀÍ×ÍÄÌÌÀǾ ÏÒÃÃÀܾ Ú; ÂÀ¿Òß¾ ÒÇÇåÏÀÍÇƾ ÆÄÀ¾ äÍâßÀ¾ ÀÄÇÀ¾ ÚÁÀÌÒÇÃÀÇѾ ØÒ; ÏÒÁ¾ OãÌÌÀÁÑ ÏÒÁ¾Oå;½Çƾ×ÒÇÖ¾ÕÏÇÀ¾ÈØÀÄÌÀÁ¾ÆÀ;½Ç×ÀÊÍâÇÃÀ¾áÀÍÍ¿ÎÏÀ;ÆÀ;âÍÃÁÄÎÏÀǾGÄÀÍØÀÁÃÑ

ÆÀ;¿ÄÎϾàÕ;ÊÀÄÇÀ;ÒÇÆÀÍÀǾ6ÍÀÒý;ֽ¾ÌãÍÎÏÃÀǾÏÒÃÃÀÇÜ Ú; ¿ÃÒÅÉÌÃÀ¾ ÆÄÀ¾ ÝÒÅÉÀ¾ ÏÄÇÒ½ÌѾ ÆÒß¾ ÆÀ; ÛÒÇƾ ÇÒÎϾ ÒÁÁÀǾ ÛÀÄÃÀǾ ¿ÉÍÄÃÖÃÀÜ ÛÎÏÇÒ½ÌÀÇƾ ÂÀ×½ÃÒÎÏÃÀÃÀ¾ À; ÆÄÀ¾ 6ÕÇÖÀÇÃÍÒÿÃÒÇ×ÀÇѾ ÆÄÀ¾ àÕž ÓÒÏÁ¾ ÆÀ; 6ÒÃÖÀ ãÂÍÄ××ÀÂÁÄÀÂÀǾ ØÒÍÀÇѾ ½Çƾ àÀÍ¿ÉÀÄ¿ÃÀ¾ ¿ÄÀ¾ ÀÄÇÀ¾ ÇÒÎϾ ÆÀ; ÒÇÆÀÍÀÇܾ ÛÎÏÁÄÀßÁÄÎÏ ÌÒÇƾ À; ÆÀǾ OÀ½ÃÀÁܾ ¼À; 6ÕÁÕß¾ ×Ò¾ ÀÄǾ Ö½ÌÍÄÀÆÀÇÀ¿¾ äͽÇÖÀǾ àÕǾ ¿ÄÎÏÜ ÛÎÏÅÒÃÖÀÇÆÀѾ ¿ÎÏÁãÍÌÀÇÆÀ¾ äÀÍ彿ÎÏÀ¾ ÀÍÌãÁÁÃÀǾ ÆÄÀ¾ ÞÒÎÏÃѾ ½Çƾ ÆÒÇǾ P¾ ØÒ; ÆÀÍ OÀ½ÃÀÁ¾àÀÍ¿ÎÏؽÇÆÀÇѾàÀÍÖÀÏÍþÅÄþÛýÅÉ̾½ÇƾÛÃÄÀÁK¾ËÃÁÒǾÒÃÅÀÃÀ¾Ò½ÌܾNҿþØÒÍ ÄÏžÇÒÎϾÀÄÇÀžÂÀÌÍÀÄÃÀǾPÒÎÏÀǾֽŽÃÀ¾P¾ÒÂÀ;À;ÏãÃÀÃÀ¾¿ÄÎϾØÕÏÁѾÆÀÇǾÆÀÍ OãÌÌÀÁÂå;×ÀÏâÍÃÀ¾ÇÄÎÏþֽ¾ÆÀÇÀÇѾÆÀÍÀǾ˽ÌÅÀÍÊ¿ÒÅÊÀÄþÀ;ҽ̾¿ÄÎϾÁÀÇÊÀǾØÕÁÁÃÀÜ ¼Ò¿¾ GÄÀ; ØÒÇÆÃÀ¾ ¿ÄÎϾ IÀÃÖþ ÆÀž 8Ò¿¿À; ֽܾ ¼ÄÀ¾ ÛÕÆÒÊÒÉ¿ÀÁǾ ÅÕÎÏÃÀǾ ¿ÀÄÇÀÇ ¼½Í¿Ã¾ÄÇÃÀÇ¿ÄàÄÀÍþÏÒÂÀÇܾCÕǾ¿ÀÄÇÀ;Á½ÌÃÄ×ÀǾ8ÒÍÃÀ¾Ò½¿¾¿ÒϾÆÀ;ËÍÊÕÇÄÆÀѾÆÒß¾ÆÒ¿ ÆÄÎÏÃÀѾ ×ÍÒ½ÂÍÒ½ÇÀ¾ NÀÁÁ¾ ÀÇÃÁÒÇ×¾ ÆÀ; ÝãÎÊÀÇÁÄÇÄÀ¾ ƽÍÎϾ ÀÄÇÀǾ ÂÍÀÄÃÀÇѾ ÏÀÁÁÀÇ ÛÃÍÀÄÌÀǾàÀÍÖÄÀÍþØÒÍܾMǾÆÀ;ÞåÏÀ¾ÆÀ;ÛÎÏØÒÇÖؽÍÖÀÁ¾ØÒ;ÆÀ;ÛÃÍÀÄÌÀǾƽÍÎϾÀÄÇÀ ÃÄÀÌÀ¾ÞÒÍÂÀ¾½ÇÃÀÍÂÍÕÎÏÀÇܾËÃÁÒǾÌÍÒ×ÃÀ¾¿ÄÎÏѾҽ̾ØÀÁÎÏÀ¾8ÀÄ¿À¾ÆÀ;ÝÄÀ¿À¾¿ÄÎϾÆÄÀ ¿ÎÏØÀÍÀ¾8½ÇÆÀ¾Ö½×ÀÖÕ×ÀǾÏÒÂÀǾÅÕÎÏÃÀܾáÒÃÃÀ¾À;ÆÕÎϾäÀ×ÇÀÍѾàÕǾÆÀÇÀǾÀÍ ¿ÄÎϾÄǾÒÎÏþÇÀÏÅÀǾŽßÃÀE ä½ÃÀ¾ÖÀÏǾÓÄǽÃÀǾàÀÍØÒÇÆÃÀ¾ÆÒ¿¾GÄÀ;ÆÒÍÒ½ÌѾ¿ÀÄÇÀǾ¼½Í¿Ã¾Ö½¾¿ÃÄÁÁÀÇܾ¼ÒÇǾ¿ÃÄÀ× À¿¾¿ÎÏÇÒ½ÌÀÇƾ½ÇƾÂͽÅÅÀÇƾÆÄÀ¾ÝÒÅÉÀ¾ØÄÀÆÀ;ÀÅÉÕÍѾ¿ÎÏÇãÌÌÀÁÃÀ¾ÇÕÎϾÀÄÇÅÒÁ ÅÄßÃÍҽĿÎϾÒǾÆÀ;ÛÃÀÁÁÀѾÒǾÆÀ;ÆÀ;OÀ½ÃÀÁ¾×ÀÁÀ×ÀǾÏÒÃÃÀѾ½ÇƾÃÍÕÃÃÀÃÀ¾¿ÎÏÁÄÀßÁÄÎÏ ÆÒàÕÇÜ ËÃÁÒǾ¿ÒϾ¿ÄÎϾ½Åܾ¼À;˿ÃѾҽ̾ÆÀžÀ;×ÀÏÕÎÊþÏÒÃÃÀѾÍÀÄÎÏÃÀ¾ÂÄ¿¾Ö½Í¾NÀÁ¿ØÒÇÆ ÏÄÇãÂÀÍO¾ Ö½àÕ; ØÒ; ÄÏž ÆÒ¿¾ ÀÇÃ×ÒÇ×ÀÇܾ Ú; ¿ÒϾ ҽ̾ ÆÄÀ¾ HÏÍܾ FÂÀ; ÖØÀľ ÛýÇÆÀÇ ØÒÍÀǾ ¿ÀÄþ ¿ÀÄÇÀž ˽ÌÂͽÎϾ àÀÍ×ÒÇ×ÀÇܾ Ú; ÏÒÃÃÀ¾ ÀÄÇÀ¾ MÆÀÀܾ 8ÀÇǾ À; ¿ÄÀ àÀÍØÄÍÊÁÄÎÏÀǾØÕÁÁÃÀѾŽßÃÀ¾À;¿ÄÎϾÂÀÀÄÁÀÇÜ Ú;ÊÁÀÃÃÀÍÃÀ¾Ò½¿¾¿ÀÄÇÀžCÀÍ¿ÃÀÎʾÏÀÍÒ¾½ÇƾÅÒÎÏÃÀ¾¿ÄÎϾҽ̾ÆÀǾ8À×ܾÛÀÄÇÀÇ CÀÍÌÕÁ×ÀÍǾØãÇ¿ÎÏÃÀ¾ÀÍѾÆÒß¾ÆÀ;OãÌÌÀÁÂå;ÆÄÀ¾×ÒÇÖÀ¾ÞÒÎÏþãÂÀ;ҽ̾ÆÀǾOÀÄÇÀÇ ÂÁÄÀ¾ ½Çƾ ÅÄþ ÆÀǾ àÀÍÍåÃÀÍÄ¿ÎÏÀǾ ÓÄÊÍÕ×ÀÍåÃÀǾ Äž OÒ½ÎϾ ÀÄÇÀǾ Åâ×ÁÄÎÏ¿Ã àÀÍ¿ÎÏÁ½Ç×ÀÇÀǾ6½Í¿¾ÀÄÇ¿ÎÏÁ½×Ü L Ú;ÏÄÀÁþ¿ÄÎϾÀÄǾ׽ÃÀ¿¾ÛÃãÎʾàÕǾÆÀǾNÀÁ¿ÌÕÍÅÒÃÄÕÇÀǾÆÀ;áã×ÀÁ¾ÀÇÃÌÀÍÇÃѾØÄÀ¾À¿ IÀÆÀ;àÕÍ¿ÄÎÏÃÄ×À¾8ÒÇÆÀÍÀ;ýǾØãÍÆÀܾ¼ÀÇǾÆÄÀ¾NÀÁ¿ÀǾÂÄÁÆÀÃÀǾÀÄǾàÕÍÖã×ÁÄÎÏÀ¿ CÀÍ¿ÃÀÎʾ Ìã; ÒÁÁÀÍÁÀľ äÀÃÄÀÍѾ ÆÒ¿¾ Äž ¼½ÇÊÀÁ¾ ÆÀ; ÞÒÎÏþ ҽ̾ OÀ½ÃÀ¾ Ò½¿¾ ØÒÍܾ ÞÒÎÏ ¿ÀÄÇÀž IãÇ׿ÃÀǾ ÚÍÁÀÂÇÄ¿¾ ÀÅÉÌÒÇƾ À; ×ÀÏâÍÄ×ÀǾ ÝÀ¿ÉÀÊþ Ìã; ÆÄÀ¾ NÒ½ÇÒ¾ ÆÀ¿ ËÍ¿ÀÇÒÁÉÁÒÇÀÃÀÇܾÚ;ÅÒÍ¿ÎÏÄÀÍÃÀ¾ÒžÝÒÇƾÆÀ;ÚÂÀÇÀ¾P¾ÆÕÍÃѾØÕ¾ÆÒ¿¾äÍÒ¿¾¿ÎÏÕÇ ØÄÀÆÀ;ÖÄÀÅÁÄÎϾÆÄÎʾØÒÍܾäÀÍÒÆÀ¾ÆÒÍҽ̾ÒÂÀ;ÊÒžÀ¿¾ÄÏžÒÇܾËÁÁÀ¾ÉÒÒ;ÓÄǽÃÀÇ

ÂÁÄÀ¾ À; ¿ÃÀÏÀÇѾ ÂÁÄÎÊÃÀ¾ Ö½ÍãÎʾ ½Çƾ àÀÍ×ÀØÄ¿¿ÀÍÃÀ¾ ¿ÄÎÏѾ ÆÒß¾ ÆÄÀ¾ ÛɽÍѾ ÆÄÀ¾ ÀÍ ÏÄÇÃÀÍÁÄÀßѾÆÀǾËÇÌÕÍÆÀͽÇ×ÀǾ¿ÀÄÇÀ¿¾9ÁÒÇ¿¾ÀÇÿÉÍÒÎÏÜ ¼ÍÀľCÄÀÍÃÀÁ¾ÆÀ;ÆÍÄÃÃÀǾÛýÇÆÀ¾ØÒÍÀǾàÀÍ×ÒÇ×ÀÇѾÒÁ¿¾À;¿ÄÎϾÀÄÇÀ;ÛÃÀÁÁÀ¾ÇåÏÀÍÃÀÑ ÒǾ ÆÀ; ÆÄÀ¾ áã×ÀÁÊÀÃÃÀ¾ ÀÄÇÀǾ ÂÍÀÄÃÀÇѾ ÌÀÁ¿Ä×ÀǾ ˽¿Áå½ÌÀ; ÄǾ ÆÄÀ¾ ÛÃÀÉÉÀ ÏÄÇÀÄÇ¿ÒÇÆÃÀܾ;ÏÇÀ¾¿ÀÄÇÀ¾ÓÒÍ¿ÎÏÍÄÎÏýÇ×¾Ö½¾åÇÆÀÍÇѾÏÄÀÁþÀ;ÆÒÍҽֽܾ̾¼Ò¿¾äÍÒ¿ ؽÍÆÀ¾ ÆãÇÇÀÍܾ Ú; ×ÀÁÒÇ×ÃÀ¾ ҽ̾ ½ÇÀÂÀÇÀÇѾ ÅÄþ äÀÍâÁÁ¾ ÂÀÆÀÎÊÃÀǾ OÕÆÀÇܾ ÚÍ ÅÒÍ¿ÎÏÄÀÍÃÀ¾ ÀÄǾ ÉÒÒ; ¼½ÃÖÀÇƾ ÓÀÃÀ; ØÀÄþ ÄǾ ÆÒ¿¾ àÕǾ IÀ×ÁÄÎÏÀ; CÀ×ÀÃÒÃÄÕÇ ÀÇÃÂÁâßÃÀ¾äÀÁåÇÆÀ¾ÏÄÇÀÄÇܾ¼ÒÇǾÂÁÄÀ¾À;¿ÃÀÏÀǾ½ÇƾÅÒÎÏÃÀ¾ÊÀÏÍÃÜ MǾ ÖÀÏǾ ÓÄǽÃÀǾ ÂÍÒÎÏÀǾ ÆÄÀ¾ CÀÍÌÕÁ×À; ҽ̾ P¾ ÌÒÁÁ¿¾ ¿ÄÀ¾ ¿ÄÎϾ ÒǾ ÆÄÀ¾ËÂÅÒÎϽÇ× ×ÀÏÒÁÃÀǾ ÏÒÃÃÀÇܾ ÚÄÇÀ¾ ÓÄǽÃÀ¾ ¿ÉåÃÀ; ÊÕÇÇÃÀǾ ¿ÄÀ¾ ÏÄÀ; ¿ÀÄÇѾ ØÀÇǾ ¿ÄÀ¾ ÆÄÀ ËÝÛÚÞËP456¾ ÂÀľ ÆÀ; CÀÍÌÕÁ×½Ç×¾ ÀÄÇ¿ÀÃÖÃÀÇܾ ¼ÄÀ¾ ÓÄÊÍÕ×ÀÍåÃÀ¾ Äž ÓÒ×ÀǾ ÆÀ¿ OãÌÌÀÁÂåÍÀǾØãÍÆÀǾ¿ÄÀ¾ÀÄÇÀ¾ÈÀÄÃÁÒÇ×¾ÄǾÆÄÀ¾MÍÍÀ¾ÌãÏÍÀÇO¾ÒÂÀ;ÒÁÁÖ½¾àÄÀÁ¾Ë½Ì¿ÎϽ ƽÍÌÃÀ¾À;àÕǾ¿ÀÄÇÀžÊÁÀÄÇÀǾGÍÄÎʾÇÄÎÏþÀÍØÒÍÃÀÇÜ Mž Pҽ̿ÎÏÍÄÃþ ÇÒÏž À; ÆÄÀ¾ Ûɽ; Ò½ÌѾ ÆÄÀ¾ À; ҽ̾ ÆÀž áÀÍØÀ×¾ ƽÍÎϾ ÆÒ¿¾ äÍÒ¿ ×ÀÖÕ×ÀǾ ÏÒÃÃÀܾ ÛÕ¾ àÄÀÁѾ ÆÒß¾ ¿ÄÀ¾ Ò½¿¾ ÆÀ; ÝÄÎÏýÇ×¾ ÆÀ; äÍÒ¿ÏÒÁÅÀ¾ ¿ÎÏÁÄÀßÀÇ ÊÕÇÇÃÀÇѾ Õ¾ À; ¿ÄÎϾ Ö½ÁÀÃÖþ ÇÒÎϾ ;¿ÃÀǾ ÕÆÀ; ÇÒÎϾ 8À¿ÃÀǾ ÂÀØÀ×þ ÏÒÂÀÑ àÀÍ¿ÃÒÇÆÀǾ¿ÄÀ¾àÕžNåÏÍÃÀÇÁÀ¿ÀǾÏÕÌÌÀÇÃÁÄÎϾÇÄÎÏÃܾÚ;ÂÍÒ½ÎÏÃÀ¾ÌãÇÌÖÀÏǾÓÄǽÃÀÇÑ ½Å¾ÆÀǾÊÁÀÄÇÀǾNÁ½ß¾ØÄÀÆÀ;ֽ¾ÀÍÍÀÄÎÏÀÇܾ¼Í½ÇÃÀÇѾÒžN½ß¾ÆÀ;ÝÒÅÉÀѾÆÍåÇ×ÃÀ ¿ÄÎϾƽͿÃÄ×À¿¾äÀÃÄÀÍܾڿ¾¿ÎÏÀÇÊÃÀ¾ÄÏžÊÀÄÇÀ¾OÀÒÎÏýÇ×ѾÒÁ¿¾À;àÕǾÇÀ½ÀžÆÀÇ Oҽž ÀÅÉÕÍÊÁÀÃÃÀÍÃÀܾ˽̾ ÆÀž˿ÃѾ ÆÀǾ À; àÕ; ÊÇÒÉɾ ÀÄÇÀ; ÛýÇÆÀ¾ ÀÄÇ×ÀÏÀÇÆ ÄÇ¿ÉÄÖÄÀÍþÏÒÃÃÀѾýÍÇÃÀ¾½ÇƾÂÒÁÒÇÎÄÀÍÃÀ¾À;àÕÍ¿ÄÎÏÃÄ×¾ÄǾÝÄÎÏýÇ×¾ÆÀ;NÀÁ¿ØÒÇÆܾÚÍ ÌÒÇƾÆÕÍþÀÄÇÀǾÛÉÒÁÃѾÆÀ;¿ÄÎϾ¿ÃÀÄÁ¾ÒǾÆÀ;NÁÒÇÊÀ¾ÆÀ¿¾áã×ÀÁ¿¾ÀÇÃÁÒÇ×¾ÄǾÆÄÀ¾áâÏÀ ÖÕ×ܾÚ;ÌÒÇƾÅÄþáåÇÆÀÇѾNãßÀǾ½ÇƾÛÎϽÁÃÀÍǾáÒÁþ½Çƾ¿ÎÏÕ¾¿ÄÎϾÅãÏ¿ÒžƽÍÎÏ ÆÀǾ¿ÎÏÒÍÌÊÒÇÃÄ×ÀǾÝÄß¾ÇÒÎϾÕÂÀǾ½Çƾ¿ÎÏãÍÌÃÀ¾¿ÄÎϾÒǾÅÀÏ;ÒÁ¿¾ÀÄÇÀ;ÛÃÀÁÁÀ¾ÆÄÀ áҽþҽÌܾËÂÀ;ÆÄÀ¾ÓãÏÀ¾ÁÕÏÇÃÀ¾¿ÄÎÏܾÚÄÇÀ¾ÏÒÁÂÀ¾ÛýÇÆÀ¾¿ÉåÃÀ;¿ÃÒÇƾÀ;ҽ̾ÀÄÇÀÅ 9ÁÒÃÀҽѾÌҿþÖØÀÄϽÇÆÀÍþÓÀÃÀ;ãÂÀ;ÆÀ;ÚÂÀÇÀܾ¼ÄÀ¾GÍåÇÊÀ¾ÁÒ×¾¿ÎÏÍå×¾½ÇÃÀ;ÄÏÅÜ Ú; ¿ÒϾ ÆÄÀ¾ áÕÍÆÀ¾ ÆÀ; ƽͿÃÄ×ÀǾ GÄÀÍÀ¾ ÒÁ¿¾ ƽÇÊÁÀѾ ÄǾ J½ÄÍÁÀÇÆÀ; OÀØÀ×½Ç× ÂÀÌÄÇÆÁÄÎÏÀ¾ÓÒ¿¿ÀܾCÕǾÆÀǾCÀÍÌÕÁ×ÀÍǾÂÀÅÀÍÊÃÀ¾À;àÕÍÁå½ÌÄ×¾ÊÀÄÇÀ¾ÛɽÍܾÚ;ÏÒÃÃÀ À¿¾ ×À¿ÎÏÒÌÌÃܾ ÛÕÂÒÁƾ ÆÒ¿¾ ËÍ¿ÀÇÒÁ¾ ÆÀǾ GÍÄÎʾ ÅÄþ ÆÀǾ ÖØÀÎÊÀÇÃÌÍÀÅÆÀÃÀÇ ÓÄÊÍÕ×ÀÍåÃÀǾ ƽÍÎÏ¿ÎÏҽþ ÏÒÃÃÀѾ ØãÍÆÀǾ ¿ÄÎϾ ÆÄÀ¾ CÀÍÌÕÁ×À; ÒǾ ¿ÀÄÇÀ¾ NåÏÍÃÀ ÏÒÁÃÀÇܾ ÛÄÀ¾ ÀÍÊÒÇÇÃÀǾ ÒǾ ÄÏÍѾ ÆÒß¾ À; À¿¾ ÀÄÁÄ×¾ ×ÀÏÒÂþ ÏÒÃÃÀѾ ¿Õ¾ ØÀÄþ ØÄÀ¾ Åâ×ÁÄÎÏ ÇÒÎϾ;¿ÃÀǾàÕÍÖ½¿ÃÕßÀÇܾMǾÆÄÀ¿À;ÝÄÎÏýÇ×¾ØãÍÆÀǾ¿ÄÀ¾ØÀÄÃÀÍ¿½ÎÏÀÇѾãÂÀ;ÆÒ¿ ÚÇÆÀ¾ÆÀ;Ûɽ;ÏÄÇÒ½¿Ü¾ÛÄÀ¾Ø½ßÃÀǾÇÄÎÏÃѾÆÒß¾À;ÀÄÇÀǾGÀÄÁ¾ÆÀ¿¾8À×À¿¾ÄÇÖØÄ¿ÎÏÀÇ ØÄÀÆÀ;ֽÍãÎÊ×ÀÊÀÏÍþØÒÍܾäÀØÄßѾÆÄÀ¾NåÏÍÃÀ¾ÌãÏÍÃÀ¾½ÇÅÄÃÃÀÁÂÒ;ÒǾÆÀž×ÍÕßÀÇ OҽžàÕÍÂÀÄO¾ÒÂÀ;ÆÒ¿¾ØãÍÆÀ¾¿ÄÀ¾ØÕÏÁ¾ÇÄÎÏþҽ̾ÆÀǾäÀÆÒÇÊÀǾÂÍÄÇ×ÀÇѾÆÒß¾ÀÍ ÆÀǾOҽžÃÒÿåÎÏÁÄÎϾÀÍ¿ÃÄÀ×ÀǾÏÒÃÃÀܾHÇƾØÒ¿¾¿ÄÀ¾ÇÕÎϾØÀÇÄ×À;ÒÏÇÀǾÊÕÇÇÃÀÇÑ ØÒÍѾÆÒß¾À;¿ÄÎϾàÕǾIÀÃÖþÒǾÇÒÎϾ8À¿ÃÀǾֽ¾ÏÒÁÃÀǾ×ÀÆÒÎÏÃÀܾ8åÏÍÀÇƾ¿ÄÀ¾ÄÏÇ

ØÀÄþÆÍãÂÀǾÄž;¿ÃÀǾ¿½ÎÏÃÀÇѾÊÀÏÍÃÀ¾À;ҽ̾ÆÀžHÅØÀ×¾ãÂÀ;ÆÄÀ¾NÀÁ¿ÀÇÏã×ÀÁ ÒÁÁÅåÏÁÄÎϾØÄÀÆÀ;ֽ;áâÏÁÀ¾ÆÀ¿¾ËÍ¿ÀÇÒÁ¿¾Ö½ÍãÎÊÜ 8ÕÏÁ×ÀŽþ ÅÒÎÏÃÀ¾ À; ¿ÄÎϾ ҽ̾ ÆÀǾ 8À×ܾ ¼Ò¿¾ äÀÁåÇÆÀ¾ ØÒ; ֽž GÀÄÁ¾ ÍÀÎÏà ¿ÎÏØÄÀÍÄ×ܾ áÒÁÆÀǾ ŽßÃÀǾ ÀÍ¿ÃÄÀ×ÀÇѾ NÀÁ¿ÀǾ ÀÍÊÁÀÃÃÀÍÃѾ ÛÎÏÍãÇÆÀ¾ ãÂÀÍ¿ÉͽÇ×ÀÇ ØÀÍÆÀÇܾ ÞÒÎϾ ÖØÀľ ÛýÇÆÀǾ ØÒ; À; ¿Õ¾ ÀÍ¿ÎÏâÉÌÃѾ ÆÒß¾ À¿¾ ÄÏž ÒÇ×ÀÂÍÒÎÏà ÀÍ¿ÎÏÄÀÇѾÀÄÇÀ¾Ý½ÏÀÉÒ½¿À¾ÀÄÇÖ½ÁÀ×ÀÇܾÚ;ÌÒÇƾÀÄÇÀ¾ÞÄ¿ÎÏÀѾÆÄÀ¾àÕǾÖØÀľÏÕÏÀÇ NÀÁ¿ÊÁâÃÖÀǾÀÄÇ×ÀÍÒÏÅþؽÍÆÀܾ¼ÕÍþÅÒÎÏÃÀ¾À;À¿¾¿ÄÎϾ¿Õ¾ÂÀJ½ÀÅѾØÄÀ¾À¿¾½ÇÃÀÍ ÆÀǾHÅ¿ÃåÇÆÀǾÀÂÀǾ×ÄÇ×ܾÚ;ÁÀÏÇÃÀ¾ÆÀǾ6ÕÉ̾×À×ÀǾÆÄÀ¾ÏÒÍÃÀѾÊãÏÁÀ¾NÀÁ¿ØÒÇÆ ½ÇƾØÒ;ØÀÇÄ×À¾Ë½×ÀÇÂÁÄÎÊÀ¾¿ÉåÃÀ;ÌÀ¿Ã¾ÀÄÇ×À¿ÎÏÁÒÌÀÇÜ L ÚÄǾ6ÄÃÖÀÁǾÒǾÆÀ;ÞÒ¿À¾ØÀÎÊÃÀ¾ÄÏÇܾ¼ÄÀ¾ÛÕÇÇÀ¾¿ÎÏÄÀǾÄǾ¿ÀÄǾÊÁÀÄÇÀ¿¾CÀÍ¿ÃÀÎÊÜ ÞÄÀ¿ÀÇƾ̽Ï;À;ÄǾÆÄÀ¾áâÏÀܾÛÀÄǾÀÍ¿ÃÀ;OÁÄÎʾ×ÒÁþÆÀ;HÏÍܾÛÄÀ¾ÖÀÄ×ÃÀ¾STU<ܾ¼Ò¿ ØÒ;Û;POÕÍÆÖÀÄÃܾÚ;ؽßÃÀ¾ÇÕÎϾÄÅÅÀ;ÇÄÎÏþ×ÀÇҽѾØÄÀ¾ÁÒÇ×À¾ÆÀ;ËÍ¿ÀÇÒÁÉÁÒÇÀà ÂÍÒ½ÎÏÃÀѾ ½Å¾ ¿ÄÎϾ ÀÄÇÅÒÁ¾ ½Å¾ ¿ÀÄÇÀ¾ ËÎÏ¿À¾ Ö½¾ ÆÍÀÏÀÇܾ ˽̾ IÀÆÀǾ NÒÁÁ¾ ØÒ; ÆÀÍ ÓÕÍ×ÀǾÂÀÍÀÄÿ¾ÄǾàÕÁÁÀžäÒÇ×Ѿ½ÇƾÀ;ÏÒÃÃÀ¾ÅÀÏ;ÒÁ¿¾ÌãÇ̾ÛýÇÆÀǾ×À¿ÎÏÁÒÌÀÇÜ Ú;ÊÍÕÎϾàÕÍ¿ÄÎÏÃÄ×¾Ò½¿¾ÆÀ;ÞÄ¿ÎÏÀ¾ÄÇ¿¾NÍÀÄÀ¾½Çƾ¿ÒϾ¿ÄÎϾ½Åܾ¼À;áÄÅÅÀÁ¾ØÒÍ ÂÁÒ½¾½ÇƾØÕÁÊÀÇÁտܾ6ÀÄÇÀ¾Ûɽ;àÕǾÆÀ;ËÝÛÚÞËP456ܾÚ;ÏâÍÃÀ¾GÄÀÍ×ÀÍ彿ÎÏÀÜ 9À;˿¿ÕÖÄÒÃÄÕǾÊÒžÄÏžÆÄÀ¾GÍåÇÊÀ¾ÄǾÆÀǾÛÄÇÇܾCÕǾÆÒ¾ØÒ;ǽ;ÇÕÎϾÀÄǾÊÁÀÄÇÀÍ ÛÎÏÍÄÃþÂÄ¿¾Ö½¾ÆÀ;ÚÍÊÀÇÇÃÇĿѾÆÒß¾À;¼½Í¿Ã¾ÏÒÃÃÀܾÚ;ŽßÃÀ¾8Ò¿¿À;ÌÄÇÆÀÇÜ ¼Ò¿¾×ãÇ¿ÃÄ׿ÃÀ¾äÀÁåÇÆÀ¾ÏÒÃÃÀ¾À;¿ÄÎϾÌã;ÆÄÀ¿ÀǾÈØÀÎʾÇÄÎÏþ×ÀÍÒÆÀ¾Ò½¿×À¿½ÎÏÃÜ Ë½Ì¾ÆÀǾ6½ÉÉÀǾÆÀ;OÀÍ×À¾ÌÄÇÆÀþÅÒǾÊÀÄÇÀ¾R½ÀÁÁÀÇܾÚ;ÏÄÀÁþ¿ÄÎϾÀÄÇÀ¾ÛýÇÆÀ ÁÒÇ×¾ ÄǾ ÇÕÍÆØÀ¿ÃÁÄÎÏÀ; ÝÄÎÏýÇ×¾ ½Çƾ ÏÕÌÌÃÀѾ ҽ̾ ÆÄÀ¿À¾ 8ÀÄ¿À¾ ÆÀž ÞÕÍÆÒÂÏÒÇ× ÆÀ¿¾ OÀÍ×ֽ׿¾ ÇåÏÀ; Ö½¾ ÊÕÅÅÀÇѾ ÕÏÇÀ¾ àÕǾ ¿ÀÄÇÀž ×ÀÉÁÒÇÃÀǾ 6½Í¿¾ ÒÁÁÖ½¾ ØÀÄà ÒÂÖ½ØÀÄÎÏÀÇܾ¼ÄÀ¾ÓÀÃÏÕÆÀ¾ÏÒÃÃÀ¾ÚÍÌÕÁ×ܾ¼½ÍÎϾÀÄÇÀǾÉÒßåÏÇÁÄÎÏÀǾÛÉÒÁþØÒÍ̾ÀÍ Ö½Å¾ÀÍ¿ÃÀǾÓÒÁ¾ÆÀǾOÁÄÎʾÏÄÇÒ½¿¾Ò½Ì¾ÆÄÀ¾ÇâÍÆÁÄÎÏÀ¾ÚÂÀÇÀѾ½ÇƾʽÍÖÀ¾ÈÀÄþ¿ÉåÃÀÍ ÀÇÃÆÀÎÊÃÀ¾À;ÀÍ¿ÃÀ¾ÛɽÍÀǾàÕǾ9ÌÁÒÇÖÀÇؽÎÏ¿¾P¾ÀÄǾÈÀÄÎÏÀÇѾÆÒß¾À¿¾ÄǾÆÀ;ÞåÏÀ 8Ò¿¿À; ×ÒÂܾ ÚÄÇÀ; ×ÀؽÇÆÀÇÀǾ ÛÎÏÁ½ÎÏþ ÌÕÁ×ÀÇÆѾ ×ÀÁÒÇ×ÃÀ¾ À; ҽ̾ ÀÄÇÀ NÀÁ¿ÌÁåÎÏÀѾÆÄÀ¾ÆÄÀ¾NÕÍžÀÄÇÀ;ÌÁÒÎÏÀǾÛÎÏã¿¿ÀÁ¾ÏÒÃÃÀܾ¼À;OÕÆÀǾÂÀ¿ÃÒÇƾҽ¿ ÉÕÍâ¿Àž äÀ¿ÃÀÄÇѾ ÆÒ¿¾ ÏÄÀ; ½Çƾ ÆÒ¾ ½ÇÃÀ; ÆÀž ÚÄÇÌÁ½ß¾ ÆÀ; ÊÍÒ¿¿ÀÇ GÀÅÉÀÍÒýͽÇÃÀÍ¿ÎÏÄÀÆÀ¾ÖØÄ¿ÎÏÀǾGÒ×¾½ÇƾÞÒÎÏþ×ÀÂÕÍ¿ÃÀǾØÒÍܾ8Õ¾ÄÅÅÀ;¿ÄÎÏ ÀÄǾÊÁÀÄÇÀ;ÛÉÒÁþҽÌÃÒÃѾÆÒ¾ÏÒÃÃÀ¾ÆÀ;8ÄÇƾÛÒÅÀǾÆÀÉÕÇÄÀÍþ½ÇƾÆÄÀ¾NÀ½ÎÏÃÄ×ÊÀÄà ÆÀ¿¾ HÇÃÀÍ×ͽÇÆ¿¾ ÆÀž 6ÀÄž ֽž ÛÉÍÄÀßÀǾ àÀÍÏÕÁÌÀÇܾ GÒ½¿ÀÇÆÀ¾ ÌÍÀÅÆÒÍÃÄ×ÀÍ 9ÌÁÒÇÖÀǾؽÎÏ¿ÀǾҽ¿¾ÆÀž¿ÎÏÀÄÇÂÒ;ÊÒÍ×ÀǾNÀÁ¿Ñ¾½ÇƾÄÏÍÀ¾OÁãÃÀǾÀÍÌãÁÁÃÀǾÆÄÀ ØÒÍÅÀ¾ P½Ìþ ÆÀ¿¾ ÓÕÍ×ÀÇ¿¾ ÅÄþ ÀÄ×ÀÇÒÍÃÄ×ÀǾ ¼ãÌÃÀÇܾ ¼ÕÍÃѾ ØÕ¾ ÆÄÀ¾ ÛÎÏã¿¿ÀÁ¾ ÄÏÍÀÇ ÃÄÀÌ¿ÃÀǾ9½ÇÊþÏÒÃÃÀѾÀÍÏÕ¾¿ÄÎϾÆÄÎÏÃÀ¿¾äÀÂã¿ÎÏܾÛÕ×Ò;ÀÄǾÉÒÒ;Oå½ÅÀ¾ÀÍÏÕÂÀÇ ¿ÄÎϾҽ¿¾ÆÀžàÀÍÌÄÁÖÃÀǾHÇÃÀÍÏÕÁÖܾMÍ×ÀÇÆØվĞMÇÇÀÍǾÆÀ¿¾¼ÄÎÊÄÎÏÿ¾Å½ßÃÀ¾¿ÄÎÏ

¿ÄÎϾҽ¿¾ÆÀžàÀÍÌÄÁÖÃÀǾHÇÃÀÍÏÕÁÖܾMÍ×ÀÇÆØվĞMÇÇÀÍǾÆÀ¿¾¼ÄÎÊÄÎÏÿ¾Å½ßÃÀ¾ ¿ÄÎÏ ÀÄÇÀ¾R½ÀÁÁÀ¾ÂÀÌÄÇÆÀÇѾ¿Ò×ÃÀ¾¿ÄÎϾËÃÁÒÇܾ¼Ò¿¾8Ò¿¿À;ÊÕÇÇÃÀ¾ØÀ×ÀǾÆÀ;äÀ¿ÃÒÁýÇ× ÆÀ¿¾OÕÆÀÇ¿¾ÇÄÎÏþÒÂÌÁÄÀßÀÇѾÒÁ¿Õ¾àÀÍ¿ÄÎÊÀÍÃÀ¾À¿¾ÄžÉÕÍâ¿ÀǾäÀ¿ÃÀÄǾ½ÇƾÂÄÁÆÀÃÀ ÆÄÀ¾PÀÂÀÇ¿×ͽÇÆÁÒ×À¾ÆÀ;äÀØåÎÏ¿ÀѾÆÄÀ¾ÍÄÇ׿½Å¾×ÍãÇÃÀǾ½ÇƾÂÁãÏÃÀÇÜ ÓÄþ IÀÇÀ; ËÍþ àÕǾ ÚÇÿÎÏÁÕ¿¿ÀÇÏÀÄÃѾ ÆÄÀ¾ ÆÀ; ¼½Í¿Ã¾ ÀÍÖÀ½×ÃѾ ÍãÎÊÃÀ¾ ËÃÁÒǾ ÆÀÅ äÀ¿ÃÍãÉɾֽ¾PÀÄÂÀܾ;ÏÇÀ¾ÝãÎÊ¿ÄÎÏþҽ̾¼ÕÍÇÀǾ½ÇƾÛÎÏÁÄÇ×ÉÌÁÒÇÖÀǾÂÍÒÎϾÀ;¿ÄÎÏ OÒÏǾ ½Çƾ ÏÄÀÁþ ÀͿþ ÒÇѾ ÒÁ¿¾ ÄÏž ÀÄǾ ÎÏÒÍÒÊÃÀÍÄ¿ÃÄ¿ÎÏÀÍѾ ÂÀÄßÀÇÆÀ; äÀͽÎϾ ÄǾ ÆÄÀ ÞÒ¿À¾¿ÃÄÀ×Ù¾ÆÀ;äÀ¿ÃÒÇʾàÕǾËÅÅÕÇÄÒÊѾÆÄÀ¾Ë½¿ÆãǿýÇ×¾ÀÄÇÀ¿¾ØÄÁÆÀǾGÄÀÍÀ¿Ü Ú; ÁÒ½¿ÎÏÃÀѾ ÒÂÀ; ÂÄ¿¾ ҽ̾ ÆÒ¿¾ ÛÄÍÍÀǾ ÆÀ; MÇ¿ÀÊÃÀǾ ½Çƾ ÆÒ¿¾ äÀÖØÄÿÎÏÀ; ÀÄÇÄ×ÀÍ Câ×ÀÁ¾ ØÒ; À¿¾ ¿ÃÄÁÁ¾ ÍÄÇ׿½Åܾ Ú; ÆÍÒÇ×¾ ØÀÄÃÀ; àÕÍܾ 8ÀÇǾ ¿ÄÎϾ ÒǾ ÆÀ; R½ÀÁÁÀ ÃÒÿåÎÏÁÄÎϾ ÀÄǾ ×ÍâßÀÍÀ¿¾ GÄÀ; ÂÀÌÒÇÆѾ ÆÒÇǾ ØãÍÆÀ¾ À¿¾ àÕ; ÆÀž 6ÍÒÎÏѾ ÆÀǾ ÀÍ àÀÍÒÇ¿ÃÒÁÃÀÃÀѾÏÕÌÌÀÇÃÁÄÎϾÝÀÄßÒ½¿¾ÇÀÏÅÀÇܾ¼Ò¿¾HÇÃÀÍÏÕÁ־ؽÍÆÀ¾ÉÁâÃÖÁÄÎϾÆãÇÇÀÍÑ ½ÇƾØÀÇÄ×À¾Ë½×ÀÇÂÁÄÎÊÀ¾¿ÉåÃÀ;¿ÃÒÇƾÀ;ÒžÝÒÇƾÀÄÇÀ;ÊÁÀÄÇÀǾPÄÎÏýÇ×ѾÆÀÍÀÇ ÓÄÃÃÀ¾ àÕǾ ÀÄÇÀž GÀÄÎϾ ×ÀÂÄÁÆÀþ ؽÍÆÀܾËÂÀ; ÇÄÎÏþ ÆÒ¿¾ 8Ò¿¿ÀÍѾ ÇÒÎϾ ÆÀž ¿ÀÄÇ 6âÍÉÀ; ÁÀÎÏÖÃÀѾ ØÒ; À¿Ñ¾ ØÒ¿¾ ÆÄÀ¾ ˽ÌÅÀÍÊ¿ÒÅÊÀÄþ ÆÀ¿¾ ËÍÊÕÇÄÆÀǾ ÌÀ¿¿ÀÁÃÀܾ ÚÍ ÀÍÂÁÄÎÊÃÀ¾ÖØÀľ¼ÄÇ×À¾Ö½Í¾×ÁÀÄÎÏÀǾÈÀÄÃѾ½ÇƾÊÀÄÇÀ¿¾àÕǾÂÀÄÆÀǾØÒ;ÆÒÖ½¾ÒÇ×ÀÃÒÇÑ ¿ÀÄÇÀ¾È½àÀÍ¿ÄÎÏþֽ¾¿ÃåÍÊÀÇÜ FÂÀ;ÆÒ¿¾äÀ¿ÃÍãÉɾҽ̾ÆÀ;ÒÇÆÀÍÀǾÛÀÄÃÀ¾ÆÀ;PÄÎÏýÇ×¾ÏÄÇØÀ×¾ÍÒ×ÃÀ¾ÀÄÇÀ¾ÏÕÏÀ NÀÁ¿ØÒÇÆѾ ÆÄÀ¾ ÆÀǾ ØÀ¿ÃÁÄÎÏÀǾ Ë¿ÎÏÁ½ß¾ ÆÀ; ¿ÎÏã¿¿ÀÁÌâÍÅÄ×ÀǾ NÁåÎÏÀ¾ ÂÄÁÆÀÃÀÜ ËÃÁÒǾÏÒÃÃÀ¾¿ÄÀ¾Ö½àÕ;×À¿ÀÏÀÇѾÂÀàÕ;À;ÄǾÆÒ¿¾¼ÄÎÊÄÎÏþÀÄÇÆÍÒÇ×¾P¾ÒÂÀ;ÇÄÎÏþÆÀÇ Ê½×ÀÁÌâÍÅÄ×ÀÇѾ ÍÕ¿Ò¾ ½Çƾ ×ÍãǾ ¿ÎÏÄÅÅÀÍÇÆÀǾ HÅÍÄßѾ ÆÀ; ¿ÄÎϾ ¿ÕÀÂÀǾ ãÂÀ; ÆÄÀ 6ÒÇÃÀ¾ÆÀ;NÀÁ¿ØÒÇƾÀÅÉÕÍ¿ÎÏÕ¾½ÇƾÅÄþÅåßÄ×À;äÀ¿ÎÏØÄÇÆÄ×ÊÀÄþÇåÏÀ;ÊÒÅÙ ÆÄÀ¾ËÝÛÚÞËP456Ü Ëž×À×ÀÇãÂÀÍÁÄÀ×ÀÇÆÀǾHÌÀ;ÆÀ¿¾GÀÄÎÏÀ¿¾ÒÂÀ;¿ÃÒÇƾÀÄǾÅåÎÏÃÄ×À;6ÕÁÕß¾àÕÇ ÀÄÇÀžGÄÀÍѾÆÒ¿¾¿ÕÀÂÀǾÆÀǾ×Ä×ÒÇÃÄ¿ÎÏÀǾÛÎÏåÆÀÁ¾Ò½¿¾ÆÀž8Ò¿¿À;ÀÍÏÕ¾½ÇÆ ÅÄþÖÕÍÇÄ×ÀžÛÎÏÇÒ½ÂÀǾ×À×ÀǾÆÄÀ¾ÛÃâͽÇ×¾¿ÀÄÇÀ;ÅÕÍ×ÀÇÆÁÄÎÏÀǾOÀ¿ÎÏåÌÃÄ×½Ç× ÉÍÕÃÀ¿ÃÄÀÍÃÀܾ ¼À;ËÍÊÕÇÄÆÀ¾ ¿ÒϾ ÖØÀľ ÃãÎÊÄ¿ÎÏÀѾ ÂÁ½Ã½ÇÃÀÍÁÒ½ÌÀÇÀ¾Ë½×ÀÇѾ ÆÄÀ¾ ÄÏÅ ½ÇÃÀ;ÇÕÍÅÒÁÀǾHÅ¿ÃåÇÆÀǾ8ÒÍǽÇ×¾×Àǽ׾×ÀØÀ¿ÀǾØåÍÀÇѾÆÒß¾ÏÄÀ;ÒÁ¿¾ÀÄÇÖÄ×À GÒÊÃÄʾǽ;ÇÕÎϾÆÄÀ¾¿ÕÌÕÍÃÄ×À¾NÁ½ÎÏþÄǾNÍÒ×À¾ÊÒÅܾËÂÀ;àÕǾÇÕÍÅÒÁÀǾHÅ¿ÃåÇÆÀÇ ØÒ;ÏÄÀ;ÇÄÎÏþÆÄÀ¾ÝÀÆÀܾ¼À;ÝÄÀ¿À¾¿ÃÒÇƾÅÄþÆÀǾCÕÍÆÀÍÂÀÄÇÀǾÄž8Ò¿¿ÀÍѾÅÄà ÆÀǾáÄÇÃÀÍÂÀÄÇÀǾÒǾPÒÇÆѾ¿Õ¾ÆÒß¾ÆÀ;ÝãÎÊÀǾÀÄÇÀ¾×ÀÇÀÄ×ÃÀ¾NÁåÎÏÀ¾ÂÄÁÆÀÃÀѾÆÄÀ ËÃÁÒǾÃÍÕÃÖ¾ÆÀ;½Ç×ÀØâÏÇÁÄÎÏÀǾáâÏÀ¾ÆÀ¿¾GÄÀÍÀ¿¾ÅãÏÀÁÕ¿¾ãÂÀÍÂÁÄÎÊÀǾÊÕÇÇÃÀÜ Ú;¿ÒϾÆÀǾÛÃÍÀÄÌÀǾØÀÄßÀǾNÀÁÁ¿¾½ÇƾÆÄÀ¾ÃÄÀÌÀѾ¿ÎÏÁÀÎÏþàÀÍÇÒÍÂÃÀ¾8½ÇÆÀ¾ÄǾÆÀÍ ÞåÏÀ¾ÆÀ;ÛÎÏØÒÇÖؽÍÖÀÁѾ½ÇƾÁÕÆÀÍÇÆÀ;ÈÕÍǾ×ÍÄÌ̾ÇÒÎϾ¿ÀÄÇÀžáÀÍÖÀÇÜ L

»;ÏѾƽ¾ÖÀÏÇÌÒÎϾ×ÀÏâÍÇÃÀ¿¾ÝÄÇÆàÄÀÏKоÆÕÇÇÀÍÃÀ¾À¿¾ÄǾÍÀÄÇ¿ÃÀžËÍÊÕÇÄÆÄ¿ÎϾãÂÀÍ ÆÄÀ¾ ¿ÒÇÌþ ÂÀØÀ×ÃÀ¾ ;ÂÀÍÌÁåÎÏÀ¾ ÆÀ¿¾ GÀÄÎÏ¿¾ ÏÄÇØÀ×ܾ »¼½¾ ˽¿Â½Çƾ ÆÀ¿ HÇàÀÍ¿ÃÒÇÆ¿K¾Ë½¿×ÀÍÀÎÏÇÀþ ÏÄÀÍÏÀ; ŽßÃÀ¿Ã¾ ƽ¾ ÆÄÎϾ àÀÍÄÍÍÀÇEо ÚÄǾ ÏÒÇÆÌÀ¿ÃÀ¿ ÛÃãÎʾ NÀÁ¿×À¿ÃÀÄǾ ÊÒž ÆÀž ؽÃÀÇÃÂÍÒÇÇÃÀǾ ËÍÊÕÇÄÆÀǾ ×ÀÍÒÆÀ¾ Ö½ÍÀÎÏÃܾ ÚÍ ¿ÎÏÁÀ½ÆÀÍÃÀ¾ À¿¾ ãÂÀ; ÆÀǾ GÀÄÎϾ ÏÄÇØÀ×Ѿ ½Çƾ ¿Õ¾ àÕÍÖã×ÁÄÎϾ ÏÒÃÃÀ¾ À; ÃÍÕÃÖ¾ ¿ÀÄÇÀ¿ ÈÕÍÇ¿¾×ÀÖÄÀÁÃѾÆÒß¾ÆÒ¿¾äÀ¿ÎÏÕß¾ÆÀǾàÀÍƽÃÖÃÀǾOãÌÌÀÁÂå;ÅÄþÁÒ½ÃÀž6ÍÒÎϾÅÄÃÃÀÇ Ò½Ì¾ÆÄÀ¾ÛÎÏåÆÀÁÉÁÒÃÃÀ¾ÃÍÒÌÜ ¼ÀžGÄÀ;ØÒ;ÇÄÎÏþÍÀÎÏþ×ÀÏÀ½ÀÍܾڿ¾×Ò¾ÊÀÄǾ8À¿ÀǾҽ̾ÆÄÀ¿À;8ÀÁÃѾÆÒ¿¾¿ÄÎÏ ÅÄþÄÏžÒÇÖ½ÂÄÇÆÀǾ×ÀÃÍÒ½ÃÀܾËÂÀ;ÆÒ¾ÊÒžÀÄǾÁåÎÏÀÍÁÄÎÏÀ;8ÄÇÖÁÄÇ×Ѿ¿ÎÏÍÄÀѾÆÒß ÆÄÀ¾P½ÌþÖÄÃÃÀÍÃÀѾ½ÇƾØÒÍ̾ÅÄþ¼ÄÇ×ÀǾ½Å¾¿ÄÎÏѾÆÄÀ¾ÛÎÏÅÀÍÖÀǾÀÍÖÀ½×ÃÀÇܾڿ¾×Ò ÊÀÄÇÀ¾ ÚÍÌÒÏͽÇ×Ѿ ҽ̾ ÆÄÀ¾ ÆÒ¿¾ ÅåÎÏÃÄ׿ÃÀ¾ ÒÁÁÀ; äÀ¿ÎÏâÉÌÀ¾ ÏåÃÃÀ¾ Ö½ÍãÎÊ×ÍÀÄÌÀÇ ÊâÇÇÀÇܾڿ¾¿ÒϾ¿ÄÎϾÀÄÇÀ;àâÁÁÄ×¾ÇÀ½ÒÍÃÄ×ÀǾÛÄýÒÃÄÕǾ×À×ÀÇãÂÀ;½ÇƾÍÀÒ×ÄÀÍÃÀÑ ØÄÀ¾ÄÏžÆÀ;MÇ¿ÃÄÇÊþ×ÀÂÕÃܾڿ¾ÍÀÃÄÍÄÀÍÃÀ¾Ò½¿¾ÆÀž8Ò¿¿ÀÍѾÂͽÅÅÃÀ¾ÉÍÕÃÀ¿ÃÄÀÍÀÇÆÑ ØÒÍ̾¿ÄÎϾÏÀͽž½Çƾ×ÒÁÕÉÉÄÀÍÃÀ¾Æ½ÍÎϾÀÄÇÀ¾OÍÀ¿ÎÏÀ¾ÄžHÇÃÀÍÏÕÁÖ¾ÆÒàÕÇÜ Ë½×ÀÇÂÁÄÎÊÁÄÎϾ àÀÍ×Òß¾ ËÃÁÒǾ ¿ÀÄÇÀǾ ÈÕÍÇܾ ¼ÄÀ¾ ËÝÛÚÞËP456¾ ØÒ; ½Ç×ÀÅãÃÁÄÎÏ ÇÒÏÀܾ¼ÄÀ¾CÀÍÌÕÁ×À;ؽßÃÀÇѾØÕ¾À;¿ÄÎϾÂÀÌÒÇÆѾÇÒÎÏÆÀžÄÏÇÀǾÆÀ;OãÌÌÀÁÂå;ÄÇ ¿ÀÄÇÀžHÇàÀÍ¿ÃÒÇƾÆÀǾ8À×¾×ÀØÄÀ¿ÀǾÏÒÃÃÀܾÛÄÀ¾ØãÍÆÀǾIÀÆÀ¿¾CÀÍ¿ÃÀÎʾ×ÀÇÒ½ ½ÇÃÀÍ¿½ÎÏÀÇѾҽÎϾÆÄÀ¿À¾O½¿ÎÏÄÇ¿ÀÁÜ Ú;ØÒÍ̾¿ÄÎϾÒžHÌÀ;ÆÀ¿¾GÀÄÎÏÀ¿¾ÇÄÀÆÀ;½ÇƾÃÍÒÇʾÄǾàÕÁÁÀǾÈã×ÀÇܾÚ;¿ÉÍÒÇ×¾Ò½ÌÜ ;ÏÇÀ¾ OÀÆÀÇÊÀǾ ÂÀÇãÃÖÃÀ¾ À; ÆÀǾ 9ÌÒÆѾ ÆÀǾ ÆÒ¿¾ ÅåÎÏÃÄ×À¾ GÄÀ; ƽÍÎϾ ÆÒ¿ äÀ¿ÃÍãÉɾ×ÀÍÄ¿¿ÀǾÏÒÃÃÀܾÚ;ÌãÏÁÃÀ¾¿ÄÎϾàÀÍÖØÀÄÌÀÁþ½ÇƾÀÇÿÎÏÁÕ¿¿ÀǾ×Àǽ×ѾÆÀÇ 6ÕÁÕß¾ ÀÄǾ ÖØÀÄÃÀ¿¾ ÓÒÁ¾ Ö½¾ àÀÍIÒ×ÀÇѾ ÌÒÁÁ¿¾ À; ¿ÄÎϾ ÄÏž ÄǾ ÆÀǾ 8À×¾ ¿ÃÀÁÁÃÀܾ ÚÍ ×ÀÁÒÇ×ÃÀ¾ ÄÇ¿¾ NÍÀÄÀܾ NãÇÌÖÄ×¾ ÛÎÏÍÄÃÃÀ¾ ÀÇÃÌÀÍÇþ ¿ÃÒÇƾ ÆÀ; OãÌÌÀÁÂå; ½Çƾ å½×ÃÀ ÅÄßÃÍҽĿÎϾ Ö½¾ ÄÏž ÏÀÍãÂÀÍܾ ËÃÁÒǾ ¿ÃÄÀß¾ ÀÄÇÀǾ ×ÀÁÁÀÇÆÀǾ ÛÎÏÍÀľ Ò½¿Ü¾ Ú; ÏÒÃÃÀ ×ÀÏÕÌÌÃѾ ÆÒß¾ À; ÆÒ¿¾ GÄÀ; ÆÒÅÄþ ÀÍ¿ÎÏÍÀÎÊÀǾ ½Çƾ àÀÍÃÍÀÄÂÀǾ ÊâÇÇÀܾ ËÂÀ; ÆÀÍ OãÌÌÀÁÂå;ÍÀÒ×ÄÀÍÃÀ¾ÇÄÎÏþÄǾÆÀ;×ÀØãÇ¿ÎÏÃÀǾ8ÀÄ¿ÀܾMžäÀ×ÀÇÃÀÄÁÙ¾Ú;¿ÎÏÄÀǾֽ ãÂÀÍÁÀ×ÀÇѾÕ¾IÀÃÖþÆÄÀ¾ÈÀÄþ×ÀÊÕÅÅÀǾ¿ÀÄѾ¿ÄÎϾÌã;ÆÄÀ¾IãÇ׿þÀÍÁÄÃÃÀÇÀ¾ÛÎÏÅÒÎÏ Ö½¾ÍåÎÏÀÇÜ ¼ÄÀ¾ ¿ÀÇÊÍÀÎÏþ Ò½ÌÍÒ×ÀÇÆÀ¾ NÀÁ¿ØÒÇƾ ØÒ; ÇÄÎÏþ ØÀÄÃÀ; ÒÁ¿¾ ÀÄÇÀǾ ʽÍÖÀǾ ÛɽÍà ÀÇÃÌÀÍÇÃܾËÃÁÒǾ¿ÒϾÀÄÇÀǾ¿ÎÏÅÒÁÀÇѾÏÕÏÀǾÛÉÒÁÃѾÆÀ;¿ÄÎϾƽÍÎϾÆÒ¿¾äÀ¿ÃÀÄǾÖÕ×Ü Ú;¿ÄÎÏÀÍÃÀ¾ÄžÛÎϽÃÖ¾ÆÀ;Oã¿ÎÏÀܾ¼ÄÀ¾ËÝÛÚÞËP456¾¿ÎÏØÀÂÃÀ¾ÏÕÎϾãÂÀ;ÆÀÅ ÝÒÇƾÆÀ;NÀÁ¿ÌÁåÎÏÀѾÌãÇÌ:¾ÂÄ¿¾¿ÀÎϿϽÇÆÀÍþÓÀÃÀÍѾ¿ÎÏåÃÖÃÀ¾ÀÍܾ¼Ò¿¾äÀÁåÇÆÀ¾àÕÍ ÆÀ; 8ÒÇƾ ÂÕþ ǽ; ØÀÇÄ×¾ ¼ÀÎʽÇ×ܾ 8ÀÇǾ ¿ÄÀ¾ ÆÕÍþ ÕÂÀǾ ؽßÃÀÇѾ ÄǾ ØÀÁÎÏÀ ÝÄÎÏýÇ×¾¿ÄÀ¾Ö½¾¿ÎÏÒ½ÀǾÏÒÃÃÀѾØãÍÆÀǾ¿ÄÀ¾ÄÏǾ¿ÀÏÀÇÜ Ú×ÒÁK¾áÄÀ;ÊÕÇÇÃÀ¾À;ÇÄÎÏþÂÁÀÄÂÀÇܾÚ;ÌÀÆÀÍÃÀ¾ÄǾÆÀǾ6ÇÄÀǾØÄÀ¾ÀÄǾ¿ÃÒÍÃÂÀÍÀÄÃÀÍ 6½ÍÖ¿ÃÍÀÎÊÀÇÁå½ÌÀÍO¾ ÆÒÇǾ ¿ÃÄÀß¾ À; ¿ÄÎϾ ÒÂܾ NãÇ̾ ÛÀʽÇÆÀǾ ÂÍÒ½ÎÏÃÀ¾ ÀÍѾ ½Å¾ ÆÄÀ

6½ÍÖ¿ÃÍÀÎÊÀÇÁå½ÌÀÍO¾ ÆÒÇǾ ¿ÃÄÀß¾ À; ¿ÄÎϾ ÒÂܾ NãÇ̾ ÛÀʽÇÆÀǾ ÂÍÒ½ÎÏÃÀ¾ ÀÍѾ ½Å¾ ÆÄÀ ×ÁÒÃÃÀ¾NÀÁ¿ÌÁåÎÏÀ¾ÏÄÇÃÀ;¿ÄÎϾֽ¾ÂÍÄÇ×ÀÇѾÆÒÇǾÇÒÏžÄÏǾÆÀ;ÛÎÏÒÃÃÀǾÆÀ¿¾ÛÉÒÁÿ Ò½ÌܾÚ;ÂÁÄÀ¾¿ÃÀÏÀÇѾÁÀÏÇÃÀ¾¿ÄÎϾ×À×ÀǾÆÒ¿¾ÊãÏÁÀ¾äÀ¿ÃÀÄǾ½Çƾ×Ò¾ÆÀǾÏÀÊÃÄ¿ÎÏ É½ÅÉÀÇÆÀǾP½Ç×ÀǾäÀÁÀ×ÀÇÏÀÄÃѾ¿ÄÎϾֽ¾ÂÀͽÏÄ×ÀÇÜ L ÚÄǾÉÒÒ;ÓÄǽÃÀǾàÀÍ×ÄÇ×ÀÇܾÚ;ÏâÍÃÀ¾ÆÒ¿¾ÅÒÃÃÀ¾ÛÄÇ×ÀÇѾÆÒ¿¾ÆÄÀ¾NÀÁÆÃÍÄÀÂØÀÍÊÀ ÆÀ;ËÝÛÚÞËP456¾àÀͽͿÒÎÏÃÀÇܾڿ¾ØÒ;àÕǾ¿ÃÀÃÄ×À;MÇÃÀÇ¿ÄÃåÃѾÒÁ¿¾¿ÎÏØÀÂÀ¾ÆÒ¿ ÛÎÏÄÌ̾ÄÍ×ÀÇÆØÕ¾ÍÀ×ÁÕ¿¾ÒǾ;Íþ½ÇƾÛÃÀÁÁÀܾÚ;ÂÀ½×ÃÀ¾¿ÄÎϾҽ¿¾ÆÀžÛÉÒÁþ½ÇƾØÒÍÌ ÀÄÇÀǾÍÒ¿ÎÏÀǾOÁÄÎʾÄǾÆÄÀ¾áâÏÀܾ¼ÄÀ¾ËÝÛÚÞËP456¾ØÒ;ÇÄÍ×ÀÇÆØÕ¾Ö½¾¿ÀÏÀÇܾÚÍ ØÒ×ÃÀ¾ÇÄÎÏÃѾ¿ÀÄǾCÀÍ¿ÃÀÎʾֽ¾àÀÍÁÒ¿¿ÀÇܾÚ;ØÒ;¿ÄÎÏÀÍѾÆÄÀ¾CÀÍÌÕÁ×À;ÏÒÃÃÀǾ¿ÄÎÏ ¿Õ¾ÉÕ¿ÃÄÀÍÃѾÆÒß¾¿ÄÀ¾ÄÏǾ¿ÕÌÕÍþÂÀÅÀÍÊÃÀÇÜ ÛÃÒÃþÆÀ¿¿ÀǾÒÍÂÀÄÃÀÃÀ¾À;¿ÄÎϾØÀÄÃÀ;ÄǾÆÀǾäÒÇ×¾ÏÄÇÀÄÇܾ¼À;ÛÉÒÁþÂÀ¿Òß¾ÀÄÇÀ OÍÀÄÃÀ¾àÕǾÅÒ7ÄÅÒÁ¾ÖØÀľÓÀÃÀÍÇܾMǾÖÒÏÁÍÀÄÎÏÀǾ8ÄÇƽÇ×ÀǾÌÍÒß¾À;¿ÄÎϾƽÍÎϾÆÀÇ NÀÁ¿Ü¾ ¼ÄÀ¾ 8åÇÆÀ¾ ¿ÃÄÀ×ÀǾ ¿ÀÇÊÍÀÎÏþ ÒÇܾ ÛÄÀ¾ ØÒÍÀǾ ×ÁÒÃÃѾ Ö½¾ ×ÁÒÃþ ¿ÀÁ¿þ Ìã; ÆÀÇ ×ÀãÂÃÀ¿ÃÀǾ6ÁÀÃÃÀÍÀÍܾMǾÆÀ;áâÏÀ¾¿ÎÏÄÀÇÀǾ¿ÄÀ¾¿ÄÎϾÀÄÇÒÇÆÀ;ֽֽÇÀÄ×ÀÇܾ޽;ÀÄÇ ØÄÇÖÄ×À;ÛÃÍÀÄÌÀǾÂÁÒ½ÀǾáÄÅÅÀÁ¿¾ØÒ;ֽ¾¿ÀÏÀÇÜ áÄÇÃÀ;ÀÄÇÀ;¿ÎÏÒÍÌÀǾ6ÍãÅŽÇ×¾ØÒ;ÆÀ;äÒÇ×¾ÉÁâÃÖÁÄÎϾֽ¾ÚÇÆÀܾÚ;ÅãÇÆÀÃÀ¾ÄÇ ÀÄÇÀǾ ÊÁÀÄÇÀǾ NÀÁ¿ÀÇÊÀ¿¿ÀÁѾ ÆÀ¿¿ÀǾ ÏÀÁÁÀ¿¾ äÀ¿ÃÀÄǾ ÆÀǾ äÁÒÇÖ¾ ÆÀ; ÛÕÇÇÀ¾ ¿Õ ÊÍåÌÃÄ×¾ÍÀÌÁÀÊÃÄÀÍÃÀѾÆÒß¾ÆÀ;ËÍÊÕÇÄÆÀ¾×ÀÂÁÀÇÆÀþÆÄÀ¾Ë½×ÀǾ¿ÎÏÁÕßܾÚÄǾ¿ÎÏãÃÃÀÍÀ¿ äÀÂã¿ÎϾؽÎÏ¿¾Ö½Í¾ÝÀÎÏÃÀÇѾ½ÇÅÄÃÃÀÁÂÒ;àÕ;ÆÀž˽¿×ÒÇ×ܾCÕÍ¿ÄÎÏÃÄ׾ƽÎÊÃÀ¾ÀÍ ¿ÄÎϾÏÄÇÀÄÇܾáÄÇÃÀ;¿ÄÎϾÏÒÃÃÀ¾À;ÀÄÇÀ¾¿ÎÏÅÒÁÀ¾NÀÁ¿ÁÀÄ¿ÃÀѾÆÄÀ¾¿ÃÀÄÁ¾ÒǾÆÀ;8ÒÇÆ ÆÀ¿¾6À¿¿ÀÁ¿¾ÄǾÆÄÀ¾áâÏÀ¾ÌãÏÍÃÀܾ¼Ò¿¾ÛÄÇ×ÀǾÆÀ;GÍÄÀÂØÀÍÊÀ¾ØÒ;ÁÒ½ÃÀ;×ÀØÕÍÆÀÇÜ Ú; ÁÀ×ÃÀ¾ ÆÀǾ 6ÕÉ̾ ÄǾ ÆÀǾ ÞÒÎÊÀǾ ½Çƾ ÂÁÄÎÊÃÀ¾ ÄǾ ÆÄÀ¾ áâÏÀܾ ¼ÄÀ¾ËÝÛÚÞËP456 ÀÍ¿ÎÏÄÀǾÄÏžØÄÀ¾Ö½Å¾äÍÀÄÌÀǾÇÒÏÀܾÚ;ÏÒÃÃÀ¾ÆÒ¿¾äÀÌãÏÁѾ¿ÄÀ¾¿ÎÏØÀÂÀ¾½ÇÅÄÃÃÀÁÂÒÍ ãÂÀ;ÄÏÅܾMǾ8ÄÍÊÁÄÎÏÊÀÄÃѾ¿Ò×ÃÀ¾ÄÏžÆÀ;ÁÕ×Ä¿ÎÏÀ¾CÀÍ¿ÃÒÇÆѾÂÀÌÒÇƾ¿ÄÀ¾¿ÄÎϾÇÕÎÏ ÄÅÅÀ;ÄǾÀÄÇÀ;áâÏÀ¾àÕǾÅÀÏ;ÒÁ¿¾ÀÄÇϽÇÆÀÍþÓÀÃÀÍÇܾÞÕÎϾÏÒÃÃÀ¾ÅÒǾÄÏǾÒǾOÕÍÆ ÆÀ¿¾ ÛÎÏÄÌÌÀ¿¾ ÇÄÎÏþ ÂÀÅÀÍÊÃܾ ËÂÀ; ØÀÇǾ À; ǽ; ÀÄÇÀǾ ÀÄÇÖÄ×ÀǾ ÛÎÏÍÄÃþ ÄǾ ÆÀÇ GÒÁÊÀ¿¿ÀÁ¾ÏÄÇÒ½¿ØÒ×ÃÀѾØÒ;À;àÀÍÁÕÍÀÇÜ Ú;ÊÀÏÍÃÀ¾½ÅܾÛÕѾØÄÀ¾ÆÄÀ¾¼ÄÇ×À¾ÁÒ×ÀÇѾØÒ;À;ÂÀ¿¿À;ÂÀÍÒÃÀÇѾØÀÇǾÀ;¿ÀÄÇÀÇ Ë½¿ÂͽÎÏ¿àÀÍ¿½ÎϾҽ̾ÆÀ;ÒÇÆÀÍÀǾÛÀÄÃÀ¾àÀÍÒÇ¿ÃÒÁÃÀÃÀܾCÄÀÁÁÀÄÎÏþÏÒÃÃÀ¾À;äÁãÎÊ ½Çƾ ×ÀÁÒÇ×ÃÀ¾ ½ÇÂÀÅÀÍÊþ ÂÄ¿¾ ÄǾ ÆÒ¿¾ ¼ÄÎÊÄÎÏÃѾ ÆÒ¿¾ ÆÀǾ GÀÄÎϾ ½Å×ÒÂܾ ˽̾ ÆÀÍ ÒÇÆÀÍǾÛÀÄÃÀ¾ÆÀ;;Ò¿À¾ØÒ;ÆÀ;9ÌÁÒÇÖÀÇؽÎÏ¿¾ÆÄÎÏÃÀÍܾڿ¾ØÒ;ÇÄÎÏþ×ÒÇÖ¾½Çƾ×ÒÍ Ò½¿¿ÄÎÏÿÁտѾÀÄÇÀ¾NÁ½ÎÏþÄǾÆÄÀ¿À;ÝÄÎÏýÇ×¾Ö½¾àÀÍ¿½ÎÏÀǾP¾Ö½ÅÒÁ¾ÇÄÎÏÃѾ¿ÕÁÒÇ×À ¿ÄÎϾÆÄÀ¾Ë½ÌÅÀÍÊ¿ÒÅÊÀÄþÆÀ;ËÝÛÚÞËP456¾Ò½Ì¾ÆÀǾNÀÁ¿ÀÇÊÀ¿¿ÀÁ¾ÊÕÇÖÀÇÃÍÄÀÍÃÀÜ Ú;ÊÍÕÎϾÏÄÇÃÀ;ÆÀžäÀÂã¿ÎϾÏÀÍàÕ;½ÇƾÆÍÒÇ×¾àÕǾÇÀ½ÀžÄǾÆÀǾÛÉÒÁþÀÄÇܾÚÍ ÂÀØÀ×ÃÀ¾¿ÄÎϾÍÒ¿ÎϾ½ÇƾÆÀÇÇÕÎϾ×ÀÍ彿ÎÏÁÕ¿¾P¾Ìã;ÆÀǾNÒÁÁѾÆÒß¾¿ÄÀ¾ÄÇÖØÄ¿ÎÏÀÇ

ÀÄÇÀǾ9Õ¿ÃÀǾÒžÒÇÆÀÍÀǾ˽¿×ÒÇ×¾Ò½Ì×À¿ÃÀÁÁþÏÒÃÃÀÇܾÚ;ÊÒ½ÀÍÃÀ¾ÄžÛÎÏÒÃÃÀǾÆÀÍ NÀÁ¿ØÒÇƾ½Çƾ¿ÃÒÍÍÃÀ¾ÏÄÇÒ½¿¾Ò½Ì¾ÆÄÀ¾NÀÁ¿ÌÁåÎÏÀѾãÂÀ;ÆÀ;ÆÄÀ¾P½ÌþÄžÛÕÇÇÀÇ×ÁÒ¿Ã ÖÄÃÃÀÍÃÀܾ ¼ÄÀ¾ ȽÇ×À¾ ÁÒ×¾ ÄÏž ØÄÀ¾ Ò½¿×ÀÆâÍÍþ Äž Ó½ÇÆѾ ½Çƾ ÆÕÎϾ ØÒ; À¿¾ ÀͿþ ÀÄÇ ÉÒÒ;ÓÄǽÃÀǾÏÀÍѾÆÒß¾À;ҽ¿×ÄÀÂÄ×¾×ÀÃͽÇÊÀǾÏÒÃÃÀÜ ¼Ò¿¾¼ÄÎÊÄÎÏþÁÒ×¾ÌãÇÌÖÄ×¾ÓÀÃÀ;ÀÇÃÌÀÍÇÃܾÚÄÇÀ¾ØÄÇÖÄ×À¾ÛÃÍÀÎÊÀ¾P¾ØÀÇǾÅÒǾàÀÍ×ÒßÑ ÆÒß¾GÔÒÍľØÒÏÍ¿ÎÏÀÄÇÁÄÎϾÕÂÀǾÒǾÆÀ;6ÒÇÃÀ¾¿ÃÒÇƾ½ÇƾÅÄþ¿ÎϽßÂÀÍÀÄÃÀžOÁÒ¿ÃÀÍ ¿ÀÄǾ˽ÌÃÒ½ÎÏÀǾÀÍØÒÍÃÀÃÀÜ Ú¿¾ ¿ÉÄÀÁÃÀ¾ ÊÀÄÇÀ¾ ÝÕÁÁÀ¾ ÅÀÏÍܾ Ú; ÊÕÇÇÃÀ¾ ÇÄÎÏþ ÂÄ¿¾ ÄǾ ÒÁÁÀ¾ ÚØÄ×ÊÀÄþ ÏÄÀÍ ¿ÃÀÎÊÀÇÂÁÄÀÂÀÇܾÚ;ŽßÃÀ¾À¿¾ØÒ×ÀÇܾÚ;×ÄÇ×¾ÄǾÆÄÀ¾áÕÎÊÀ¾½ÇƾÊÕÇÖÀÇÃÍÄÀÍÃÀ¾¿ÄÎÏ Ò½Ì¾ÆÄÀ¾ÛÃÀÁÁÀ¾ÆÀ¿¾äÀÂã¿ÎϿѾÒǾÆÀ;À;½ÇÃÀÍÃÒ½ÎÏÀǾØÕÁÁÃÀܾÚ;¿ÎÏÇÀÁÁÃÀ¾¿ÄÎϾÇÒÎÏ àÕÍÇÀ¾ÜÜÜ ÚÄǾ áÄÇÆÀÍÇÄ¿¾ ¿ÃÒÇƾ ÉÁâÃÖÁÄÎϾ àÕ; ÄÏÅѾ ÀÄǾ ÅÒ¿¿Ä×À¿Ñ¾ ÖÕÃÃÀÁÄ×À¿¾ áÄÇÆÀÍÇĿܾ ¼ÀÍ Ë½ÌÉÍÒÁÁ¾¿ÎÏÁÀ½ÆÀÍÃÀ¾ÄÏǾֽÍãÎÊܾÚ;¿ÃãÍÖÃÀѾ½ÇƾÆÄÀ¾8½ÎÏþÆÀ¿¾ÛýÍÖÀ¿¾ÃÍÄÀ¾ÄÏÅ ÆÄÀ¾P½Ìþҽ¿¾ÆÀǾP½Ç×ÀÇܾÓãÏ¿Òž¿ÃÀÅÅÃÀ¾À;¿ÄÎϾҽ̾ÆÀǾÖÄÃÃÀÍÇÆÀǾËÍÅÀǾÄÇ ÆÄÀ¾áâÏÀܾ¼ÄÀ¾Ë½×ÀǾÃÍåÇÃÀÇܾ8ÄÀ¾Æ½ÍÎϾÀÄÇÀǾÌÁÄÀßÀÇÆÀǾCÕÍÏÒÇ×¾ÏÄÇƽÍÎϾ¿ÒÏ À; ÓIÒÄÁÒÅ¿¾ ÂÍÒ½ÇÀ¾ äÀ¿ÃÒÁÃܾ ¼À; ÈÕÃÃÀÁÄ×À¾ ŽßÃÀ¾ ÄÏǾ ÆÄÀ¾ ×ÒÇÖÀ¾ ÈÀÄþ ãÂÀÍ ÂÀÕÂÒÎÏÃÀþÏÒÂÀÇѾ½ÇƾÒÁ¿¾À;ÆÀǾ˽¿ÂͽÎϾØÒ×ÃÀѾØÒ;À;ÄÏžÉÀ;GÀÁÀÉÕÍÃÒÃÄÕÇ ÄǾÆÀǾ8À×¾×À¿ÉͽÇ×ÀÇÜ ¼À;CÕÍÌÒÁÁ¾¿ÎÏÄÀǾÓIÒÄÁÒžֽ¾ÀÍÏÀÄÃÀÍÇܾÚ;ÁÒÎÏÃÀ¾ÆÍâÏÇÀÇÆܾ¼ÒÇǾÏÕ¾À;ÆÀǾËÍÅ ½ÇƾØÄÀ¿¾Ò½Ì¾ÆÀǾÛÉÒÁÃѾҽ¿¾ÆÀžÆÀ;ËÍÊÕÇÄÆÀ¾×ÀÊÕÅÅÀǾØÒÍÜ »¼ÕÍþÆÍÄÇÇÀǾÁÄÀ×þÆÀÄǾÛÎÏÄÎÊ¿ÒÁÐѾàÀÍÊãÇÆÀÃÀ¾À;ÅÄþÆÍâÏÇÀÇÆÀ;ÛÃÄÅÅÀܾ»GÔÒÍÄ ØÒÍÃÀþ ҽ̾ ÆÄÎÏܾ áÄÀ; ÊÕÅſþ ƽ¾ ÇÄÎÏþ ƽÍÎÏÜо Ú; ÏÕ¾ ÆÄÀ¾ ËÍÅÀ¾ ½Çƾ ÖÕ×¾ ÆÄÀ N彿ÃÀ¾ àÕÍ¿¾ äÀ¿ÄÎÏþ ØÄÀ¾ ÀÄǾ OÕ7ÀÍѾ ÆÀ; ÀÄÇÀǾ ×À×ÇÀÍÄ¿ÎÏÀǾ ÛÎÏÁÒ×¾ ÒÂÆÀÎÊÀÇ ØÄÁÁܾÚÄǾÏâÏÇÄ¿ÎÏÀ¿¾äÍÄÇ¿ÀǾÁÒ׾ҽ̾¿ÀÄÇÀžÂÍÀÄÃÀǾäÀ¿ÄÎÏÃܾ»¼½¾ÊÒÇǿþÀ¿¾ÒÂÀÍ ÄÅÅÀÍÏÄǾàÀÍ¿½ÎÏÀÇÜÐ ËÃÁÒǾ ¿ÎÏãÃÃÀÁÃÀ¾ ÆÀǾ 6ÕÉÌܾ Ú¿¾ ØÒ; ÅÀÏ; ÀÄÇÀ¾ äÀ¿ÃÀ¾ ÆÀ¿¾ 8ÄÆÀÍØÄÁÁÀÇ¿¾ ÒÁ¿¾ ÆÀÍ CÀÍÇÀÄǽÇ×ܾڿ¾ÏÒÃÃÀ¾ÊÀÄÇÀǾÈØÀÎÊѾ¿ÄÎϾÅÄþÆÀžÝÄÀ¿ÀǾÒÇÖ½ÁÀ×ÀÇܾMǾÀÏÍÁÄÎÏÀÅ 6ÒÅÉ̾ ÏåÃÃÀ¾ À; ¿ÄÎϾ ÀÄÇÀ¾ DÏÒÇÎÀ¾ Ò½¿×ÀÍÀÎÏÇÀÃO¾ ÒÂÀ; ØÀÇǾ ÓIÒÄÁÒž Ö½ ÃÀÁÀÉÕÍÃÄÀÍÀǾ ÂÀ×ÒÇǾ ÜÜܾ Ú; ÊÒž ÁÒÇ׿Òž ҽ̾ ÆÄÀ¾ OÀÄÇÀܾ ¼À; 6âÍÉÀ; ¿ÎÏÅÀÍÖÃÀ àÕžÏÒÍÃÀǾÛýÍÖܾÓIÒÄÁÒžØÄÎϾ½Å¾ÊÀÄÇÀǾÛÎÏÍÄÃÃܾ¼Ò¿¾äÍÄÇ¿ÀǾ¿ÎÏÄÀǾҽ̾¿ÀÄÇÀÅ äÀ¿ÄÎÏþÌÀ¿Ã×ÀÌÍÕÍÀÇܾËÃÁÒǾØÒÇÆÃÀ¾¿ÄÎϾÒÂܾÚ;ÏÒÃÃÀ¾ÊÀÄÇÀ¾8ÒÏÁ¾ÅÀÏÍܾÛÄÀ¾ÏÒÃÃÀÇ ÄÏǾÄǾÆÀ;6ÁÀÅÅÀܾڿ¾ÂÁÄÀ¾ÄÏžǽ;ÇÕÎϾÆÄÀ¾áÕÌÌǽÇ×ѾÆÒß¾ÄÍ×ÀÇÆÀÄǾ8½ÇÆÀÍ ×À¿ÎÏåÏÀѾØÀÇǾÀ;¿ÄÎϾGÔÒÍľ¿ÃÀÁÁÃÀÜ ÓÄþÁÒÇ׿ÒÅÀÇѾ½Ç¿ÄÎÏÀÍÀǾÛÎÏÍÄÃÃÀǾÂÀØÀ×ÃÀ¾À;¿ÄÎϾҽ̾ÆÄÀ¾ÓãÇƽÇ×¾ÆÀ¿¾ÛÉÒÁÿ

ֽܾáÄÇÃÀ;ÄÏž¿ÎÏÍÄÀ¾ÓIÒÄÁÒžÅÄþ¼ÕÇÇÀÍ¿ÃÄÅÅÀÙ »ËÎÏýÇ×ѾÀ;ÊÕÅÅÃÜÐ L ÛÄÀ¾ ØÒ; ÆÒܾ ÛÄÀ¾ ØÒÍÃÀÃÀ¾ ҽ̾ ÄÏÇܾ MÇÅÄÃÃÀǾ ÆÀ¿¾ NÀÁ¿ÀÇÊÀ¿¿ÀÁ¿Ñ¾ ÆÀ¿¿ÀÇ ¼½ÍÎÏÅÀ¿¿À;ÇÄÎÏþÅÀÏ;ÒÁ¿¾ÆÍÀÄßÄ×¾ÓÀÃÀ;ÂÀÃͽ×Ѿ¿ÃÒÇƾ¿ÄÀ¾P¾ÏÕÎϾҽÌ×ÀÍÄÎÏÃÀÃÑ ÆÄÀ¾ 8ÒÌÌÀ¾ ÄǾ ÆÀ; áÒÇÆѾ ÀÄǾ OÄÁƾ ½ÇàÀÍ¿âÏÇÁÄÎÏÀ; ÚÇÿÎÏÁÕ¿¿ÀÇÏÀÄÃܾ Ú; ÊÒ½ÀÍÃÀ ÏÄÇÃÀ;ÆÀžäÀÂã¿ÎϾÒž˽¿×ÒÇ×¾ÆÀ¿¾ÛÉÒÁÿܾÛÀÄǾCÀÍ¿ÃÒÇƾÒÍÂÀÄÃÀÃÀ¾ÌÄÀÂÀÍÏÒÌÃÑ ¿½ÎÏÃÀ¾ÇÒÎϾÀÄÇÀž9ÁÒÇѾÅÄþÆÀžÀ;ÆÀǾȽÌÒÁÁ¾½ÇƾÆÒ¿¾ÛÎÏÄÎÊ¿ÒÁ¾ÆÒÖ½¾ÂÀØÀ×ÀÇ ÊâÇÇÀѾ×ÇåÆÄ×¾Ö½¾¿ÀÄÇܾËÂÀ;¿ÀÄÇÀ¾äÀÆÒÇÊÀǾØÒÍÀǾÇÄÎÏþÂÀľÆÀ;ÛÒÎÏÀܾÛÀÄÇ OÁÄÎʾ ÏÒÃÃÀ¾ ¿ÄÎϾ ÒǾ GÔÒÍľ ÌÀ¿Ã×ÀÂÍÒÇÇÃܾ Ú; ÂÀؽÇÆÀÍÃÀ¾ ÄÏÍÀ¾ ÛÎÏâÇÏÀÄÃÜ Ë½¿×ÀÍÀÎÏÇÀþ ÄǾ ÆÄÀ¿Àž ˽×ÀÇÂÁÄÎÊѾ ÄǾ ÆÀž ÆÄÀ¾ ÁåÎÏÀÍÁÄÎÏÀ¾ PÒ½ÇÀ¾ ÀÄÇÀ¿ FÂÀÍØÀ¿ÀÇ¿¾ ÄÏǾ ½Çƾ ÆÄÀ¾ ×ÀÏÀÄÅÇÄ¿àÕÁÁÀ¾ NÍÒ½¾ Ö½¾ ÃâÆÁÄÎÏÀž 6ÒÅÉ̾ ÖØÒÇ×Ñ ÂÀ×ÀÏÍÃÀ¾ À; GÔÒÍľ ÅÀÏ; ½Çƾ ÆÍåÇ×ÀÇÆÀÍѾ ÒÁ¿¾ À; ¿ÄÀ¾ IÀ¾ Ö½àÕ; ÂÀ×ÀÏÍþ ÏÒÃÃÀܾ ÚÄÇ ÛÎÏÒ½ÆÀ;ÁÄÀ̾ÄÏžãÂÀ;ÆÀǾÝãÎÊÀÇÜ Ú;¿ÃÒÇƾҽ̾½ÇƾÃÍÒþÄÇ¿¾NÍÀÄÀܾ¼ÄÀ¾ËÍÅÀ¾ÏÒÃÃÀ¾À;ØÀÄþàÕǾ¿ÄÎϾ×À¿ÃÍÀÎÊÃѾ½Å¾Ö½ ÖÀÄ×ÀÇѾÆÒß¾À;½ÇÂÀØÒÌÌÇÀþØÒÍܾ8ÕÏÀ;ÏåÃÃÀ¾À;¿ÄÎϾҽÎϾÀÄÇÀ¾8ÒÌÌÀ¾ÂÀ¿ÎÏÒÌÌÀÇ ¿ÕÁÁÀÇE¾PÄÀß¾¿ÄÀ¾¿ÄÎϾÆÒƽÍÎϾÂÀÀÄÇÆͽÎÊÀÇE¾äÒ¾À¿¾ÄǾÄÏÍÀžOÀؽßÿÀÄǾÇÕÎÏ ÀÄÇÀǾ ÁÀÃÖÃÀÇѾ ØÄÇÖÄ×ÀǾ NÁÀÎʾ ÅÀÇ¿ÎÏÁÄÎÏÀǾ ÚÅÉÌÄÇÆÀǿѾ ÆÀǾ ËÇÃÄ:ÚÛ¾ Ö½ ½ÇÃÀÍIÕÎÏÀǾàÀÍ¿å½ÅþÏÒÃÃÀE ÛÀÄÇÀ¾ äÀ¿ÃÀ¾ ÀÍØÄÀ¿¾ ¿ÄÎϾ ÒÁ¿¾ ǽÃÖÁտܾ ÚÄǾ ÂÁÄÃÖ¿ÎÏÇÀÁÁÀ¿¾ ˽ÌÁÀ½ÎÏÃÀǾ ÄǾ GÔÒÍÄ¿ ˽×ÀǾÖÀÄ×ÃÀ¾ÒÇѾÆÒß¾¿ÄÀ¾ÆÒ¿¾ÈÄÀÁ¾ÀÍÊÒÇÇþÏÒÃÃÀܾ¼À;Pҽ̾ÆÀ¿¾OÁÒ¿ÃÀÍ¿¾Ö½ÎÊÃÀ ÏÀͽÅܾNÒ½ÎÏÀÇƾ½ÇƾÊÇÒÁÁÀÇƾÀÇÃÁ½Æ¾¿ÄÎϾÆÀ;ÀÍ¿ÃÀ¾ÛÎϽßܾÚ;ØÒÍ̾¿ÄÎϾֽ;ÛÀÄÃÀÜ ¼À;àÕǾÖØâÁÌÃÒ½¿ÀÇƾ4ÒÏÍÀǾÀÄÇ¿ÎÏÁå×Ä×À;ÚÍÌÒÏͽÇ×¾ÃÍÒÄÇÄÀÍÃÀ¾MÇ¿ÃÄÇÊþÏÒÇÆÀÁÃÀ ÕÏÇÀ¾ ȽýǾ ÆÀ¿¾ ÁÕ×Ä¿ÎÏÀǾ CÀÍ¿ÃÒÇƿܾ Ú¿¾ ØÒ; CÀÍÁÒß¾ ҽ̾ ÆÀǾ ÝÀÌÁÀ7Ѿ ÆÀ; ÆÄÀ Ó½¿ÊÀÁǾ ÊÕÕÍÆÄÇÄÀÍÃÀѾ ÆÄÀ¾ ÝÀÒÊÃÄÕǾ ÆÀ¿¾ äÀ×ÇÀÍ¿¾ àÕÍÒ½¿ÒÏÇÃÀ¾ ½Çƾ ÆÒ¿ ˽¿ØÀÄÎÏÅÒÇâàÀ;ҽ¿Áâ¿ÃÀܾ¼ÍÀľÓÀÃÀ;àÕǾ¿ÀÄÇÀžÂÄ¿ÏÀÍÄ×ÀǾÛÃÒÇÆÕÍþÀÇÃÌÀÍÇà ÊÒžÆÀ;ËÍÊÕÇÄÆÀ¾Ö½¾OÕÆÀÇѾҽ̾áåÇÆÀǾ½ÇƾNãßÀǾÌÀÆÀÍÇÆܾáÄÇÃÀ;ÄÏž̽Ï;ÆÀÍ ÛÎϽ߾ÄǾÆÄÀ¾NÀÁ¿ØÒÇƾ½ÇƾàÀÍ¿ÉÍÄÃÖÃÀ¾×ÁãÏÀÇÆÀ¿¾äÀ¿ÃÀÄÇÜ Ú; àÀÍ×Òß¾ ÆÄÀ¾ 9ÀÄÇѾ ÆÄÀ¾ ÄÏž Ìҿþ ÆÒ¿¾ áÀÍÖ¾ ÀÍÆÍãÎÊÃÀܾ Ú¿¾ ×ÄÇ×¾ ½Å¿¾ FÂÀÍÁÀÂÀÇÜ ËÃÁÒǾ ؽÍÆÀ¾ ֽž 6åÅÉÌÀÍܾ Ú; ŽßÃÀ¾ ÄǾ ¿ÃåÇÆÄ×À; OÀØÀ×½Ç×¾ ÂÁÀÄÂÀÇѾ ÆÒ¿¾ ØÒÍ ¿ÀÄÇÀ¾ÀÄÇÖÄ×À¾DÏÒÇÎÀܾÈâ×ÀÍÃÀ¾À;ҽÎϾǽ;ÆÀǾOͽÎÏÃÀÄÁ¾ÀÄÇÀ;ÛÀʽÇÆÀѾØÒ;¿ÀÄÇ PÀÂÀǾàÀÍ¿ÉÄÀÁÃܾÚ;¿ÉÍÒÇ×ѾÃÒÇÖÃÀѾÍÕÁÁÃÀѾÊÍÕÎÏѾ¿ÎÏÇÀÁÁÃÀ¾¿ÄÎϾP¾½Çƾ¿ÃÀÿ¾ØÒ;ÆÀÍ ÃâÆÁÄÎÏÀѾ×ÁÀÄßÀÇÆÀ¾ÚÇÀÍ×ÄÀ¿ÃÍÒÏÁ¾ÆÀ¿¾OÁÒ¿ÃÀÍ¿¾Ç½Í¾ÀÄÇÀǾÛÎÏÍÄÃþØÀÄþÏÄÇÃÀ;ÄÏÅÜ ÓÀÏÍÀÍÀ¾ÓÄǽÃÀǾÁÒÇ×¾¿ÉÄÀÁÃÀ¾À;ÆÒ¿¾×ÍÒ½¿ÒÅÀ¾ÛÉÄÀÁO¾ÆÒÇǾ¿ÉãÍÃÀ¾ÀÍѾØÄÀ¾¿ÀÄÇÀ 6ÍåÌÃÀ¾ÀÍÁÒÏÅÃÀÇÜ

ËÂÀ;¿ÀÄÇÀ¾GÒÊÃÄʾÏÒÃÃÀ¾ÚÍÌÕÁ×¾×ÀÏÒÂÃܾGÔÒÍÄ¿¾½ÇÒÂÁå¿¿Ä×À¿¾NÀ½À;ÏÒÃÃÀ¾ÛÃҽ¾½ÇÆ R½ÒÁž Ò½Ì×ÀØÄÍÂÀÁÃܾ ÚÄÇÀ¾ ÓÒ¿¿À¾ ÃÍå×ÀÇѾ ×ÍÒ½ÀǾ ¼½Ç¿ÃÀ¿¾ ÀÍÌãÁÁÃÀ¾ ÆÀÇ NÀÁ¿ÀÇÊÀ¿¿ÀÁѾ½ÇƾÅÀÏÍÅÒÁ¿¾ØåÏÍÀÇƾÆÀ;àÀÍ×ÒÇ×ÀÇÀǾÖØÒÇÖÄ×¾ÛÀʽÇÆÀǾÏÒÃÃÀ ÆÒ¿¾ ÁÀ½ÎÏÃÀÇÆÀ¾ ÚÇÀÍ×ÄÀÂãÇÆÀÁ¾ ¿ÀÄǾ ÈÄÀÁ¾ ½Å¾ ÅÀÏÍÀÍÀ¾ ÓÀÃÀ; àÀÍÌÀÏÁÃܾËÃÁÒǾ ¿ÃÄÀß ÀÄÇÀǾ×ÀÁÁÀÇÆÀǾÛÎÏÍÀľҽ¿Ü¾ÛÄÀ¾ÅÕÎÏÃÀ¾×ÁÒ½ÂÀÇѾ¿ÄÀ¾ÏåÃÃÀ¾ÄÏǾ×ÀÃÍÕÌÌÀÇܾÚ;ØÒÍÌ ¿ÄÎϾÏÀͽž½Çƾ¿ÎÏÕß¾ÄǾÝÄÎÏýÇ×¾ÆÀ¿¾ÛÉÒÁÿܾ¼À;R½ÒÁžÂÄß¾ÄÏžÄǾÆÀǾP½Ç×ÀÇ ½ÇƾÅÒÎÏÃÀ¾ÆÒ¿¾ËÃÅÀǾֽ;R½ÒÁܾÚ;¿ÉãÍÃÀ¾ÆÄÀ¾6ãÏÁÀ¾ÆÀ¿¾ÛÎÏÒÃÃÀÇ¿¾½ÇƾÁÄÀß¾¿ÄÎÏ ¿ÀÄÃØåÍÿ¾ ÌÒÁÁÀǾ P¾ ÊÀÄÇÀ¾ ÈÀÏÇÃÀÁ¿ÀʽÇÆÀ¾ Ö½¾ ¿ÉåÃÙ¾ ÓÄþ ÊÇÒÃÃÀÍÇÆÀž 6ÍÒÎÏÀǾ ̽ÏÍ ÆÀ; ¿ÎÏÒÍ̾ ×ÀÂãÇÆÀÁÃÀ¾ ÛÃÍÒÏÁ¾ ãÂÀ; ÄÏǾ ÏÄÇØÀ×¾ ½Çƾ ÀÎÏÕÃÀ¾ ÆÕÇÇÀÍÇƾ ƽÍÎϾ ÆÀÇ ÛÉÒÁÃÜ Mž ÛÎϽÃÖ¾ ÆÀ¿¾ äÀÂã¿ÎÏ¿¾ ÂÁÄÀ¾ À; ÁÄÀ×ÀÇܾ Hž ÄÏǾ ÏÀͽž ÊÇÄ¿ÃÀÍÃÀ¾ ÀÍÊÒÁÃÀÇÆÀ¿ äÀ¿ÃÀÄÇܾ Ú; ÏâÍÃÀ¾ GÔÒÍÄ¿¾ ÛÎÏÍÄÃÃÀܾ ÛÄÀ¾ ÂÀØÀ×ÃÀ¾ ¿ÄÎϾ ÕÏÇÀ¾ áÒ¿ÃO¾ ¿ÄÀ¾ ØÒ; ÄÏÍÀ¿ ÛÄÀ×À¿¾¿ÄÎÏÀÍܾ¼À;¼½Ç¿Ã¾ÏÒÃÃÀ¾¿ÀÄǾàÀÍÖØÀÄÌÀÁÃÀ¿¾Ë½¿ØÀÄÎÏÅÒÇâàÀ;àÀÍ¿ÎÏÁÀÄÀÍÃÜ ÛÄÀ¾Å½ßÃÀ¾×ÁÒ½ÂÀÇѾÀ;ÏåÃÃÀ¾¿ÄÎϾÄǾÆÀǾÛÉÒÁþÏÄÇÀÄǾÍÀÃÃÀǾØÕÁÁÀÇܾ¼ÄÀ¾ÛÎÏÍÄÃÃÀ ÌãÏÍÃÀǾ Òž äÀÂã¿ÎϾ àÕÍÂÀÄܾ Ú; ÏâÍÃÀ¾ ÆÒ¿¾ ÚÎÏÕѾ ÆÒ¿¾ ÆÄÀ¾ ÀÇ×ÀǾ 8åÇÆÀ¾ ÆÀ¿ NÀÁ¿¿ÉÒÁÿ¾ ÀÍÖÀ½×ÃÀÇܾ CÕÍ¿ÄÎÏÃÄ×¾ ÊÍÕÎϾ À; ½ÇÃÀ; ¿ÀÄÇÀ; ¼ÀÎʽÇ×¾ ÆÒÏÄǾ ½ÇÆ ¿ÎÏØÒÇ×¾¿ÄÎϾҽ̾ÆÄÀ¾PÀÄ¿ÃÀѾÆÄÀ¾ÒǾÆÀ;8ÒÇƾÆÀ¿¾GÒÁÊÀ¿¿ÀÁ¿¾ÀÅÉÕÍÌãÏÍÃÀܾڿ ÂÁÄÀÂÀǾÄÏžǽ;ØÀÇÄ×À¾ÛÀʽÇÆÀÇܾGÔÒÍľØãÍÆÀ¾ÂÒÁƾÀÍÊÀÇÇÀÇѾÆÒß¾À;¿ÄÀ¾×ÀÇÒÍÍà ÏÒÃÃÀܾ8ÄÀ¾ÏÕÎϾŽßÃÀ¾À;ÊÁÀÃÃÀÍÇѾÂÀàÕ;À;ÏÕÌÌÀǾÊÕÇÇÃÀѾÀÄÇÀǾÆÄÍÀÊÃÀǾGÍÀÌÌÀÍ Ö½¾ãÂÀÍÁÀÂÀÇE Ú;¿ÒϾÄǾÆÄÀ¾áâÏÀܾFÂÀ;ÄÏžØâÁÂÃÀ¾¿ÄÎϾÆÄÀ¾8ÒÇƾÇÒÎϾÄÇÇÀǾ½ÇƾÂÄÁÆÀÃÀ¾ÀÄÇÀÇ ¿ÎÏãÃÖÀÇÆÀǾFÂÀÍÏÒÇ×ܾ޽;ÀÄǾÊÁÀÄÇÀ;GÀÄÁ¾ÆÀ;áãÁÁÀ¾ÆÀ¿¾ÝҽſÎÏÄÌÌ¿¾ØÒ;ÇÕÎÏ ¿ÄÎÏÃÂÒÍܾ 8ÀÇǾ À; äÁãÎʾ ÏÒÃÃÀѾ ØãÍÆÀǾ ¿ÄÀ¾ ÆÕÍþ ÕÂÀǾ àÕǾ ¿ÀÄÇÀ; NÄÇÃÀ¾ ÇÄÎÏÿ ÂÀÅÀÍÊÀÇÜ Ë½Ì¾ÒÁÁÀǾàÄÀÍÀǾÊÍÕÎϾÀ;ÆÄÀ¾¿ÎÏÅÒÁÀ¾PÀÄ¿ÃÀ¾ÏÄÇÒ½Ìܾ¼ÄÀ¾8ÒÇƾÂÕþØÀÇÄ×¾ÛÎϽÃÖÜ ÛÀÄÇÀ¾ MÆÀÀ¾ ÀÍ¿ÎÏÄÀǾ ÄÏž ÉÁâÃÖÁÄÎϾ ÇÄÎÏþ ÅÀÏ; ¿Õ¾ ÂÍÄÁÁÒÇþ ØÄÀ¾ ÇÕÎϾ ØÀÇÄ×À ÛÀʽÇÆÀǾֽàÕÍܾ8ÀÇǾGÔÒÍľҽ¿¾ÆÀžÛÉÒÁþֽÍãÎÊÊÀÏÍÃÀѾ¿Òß¾À;àÕ;ÄÏ;ØÄÀ¾Ò½Ì ÆÀž 9Íå¿ÀÇÃÄÀÍÃÀÁÁÀÍѾ ÕÏÇÀ¾ ÀÄÇÀ¾ Óâ×ÁÄÎÏÊÀÄþ ÆÀ¿¾Ë½¿ØÀÄÎÏÀǿܾ Ú; ÏÄÀÁþ ÒǾ ½ÇÆ ÂÁÄÎÊÃÀ¾Ö½ÍãÎÊѾ½Å¾Ö½¾¿ÀÏÀÇѾØÄÀ¾ØÀÄþÀ;¿ÎÏÕǾ×ÀÊÕÅÅÀǾØÒÍÜ ¼Ò¾¿ÒϾÀ;ÆÀǾCÕÍ¿ÉͽÇ×ܾÚ;ÃÍÒþÅÀÏ;ÒÁ¿¾ÒÇÆÀÍÃÏÒÁ¾ÓÀÃÀ;ҽ¿¾ÆÀ;8ÒÇƾÏÀÍàÕÍ ½ÇƾÂÄÁÆÀÃÀ¾ÀÄÇÀ¾ÊÁÀÄÇÀ¾9ÁÒÃÃÌÕÍÅѾҽ̾ÆÀ;ÀÄǾÓÀÇ¿ÎϾֽ;ÞÕþ9ÁÒÃÖ¾ÌÄÇÆÀǾÊÕÇÇÃÀÜ CÕǾ ½ÇÃÀǾ ØÒ; À; ÇÄÎÏþ Ö½¾ ÀÍÊÀÇÇÀǾ ×ÀØÀ¿ÀÇܾ CÕǾ ½ÇÃÀǾ ¿ÒϾ À¿¾ ¿Õ¾ Ò½¿Ñ¾ ÒÁ¿ ÂÀ¿åßÀ¾ÆÄÀ¾8ÒÇƾÆÕÍþÀÄÇÀ¾×ÀÍÄÇ×Ìã×Ä×À¾HÇÀÂÀÇÏÀÄÃѾØÀÄÃÀ;ÇÄÎÏÿܾÚ;ÍÕÁÁÃÀ¾ÀÄÇ ÉÒÒ;ÓÀÃÀ;ØÀÄþֽÍãÎÊܾ¼ÄÀ¾6ÒÇÃÀ¾ÆÀ;9ÁÒÃÃÌÕÍžØÒ;ÊÇÒÉɾÖØÀľÓÀÃÀ;ãÂÀ;ÄÏÅÜ Ú; ¿ÉÍÒÇ×ܾ ¼ÄÀ¾ NÄÇ×À; ÊÁÒÅÅÀÍÃÀǾ ¿ÄÎϾ ½Å¾ ¿ÎÏÒÍÌÊÒÇÃÄ×À¿¾ äÀ¿ÃÀÄÇѾ ÆÒ¿¾ ÄÏŠƽÍÎϾÆÄÀ¾áҽþ¿ÎÏÇÄÃÃܾÚÄǾÛÎÏؽÇ×Ѿҽ¿×ÀÌãÏÍþÅÄþÆÀ;6ÍÒÌþÆÀ;CÀÍÖØÀÄÌÁ½Ç×Ñ

ƽÍÎϾÆÄÀ¾áҽþ ¿ÎÏÇÄÃÃܾÚÄǾÛÎÏؽÇ×Ѿҽ¿×ÀÌãÏÍþÅÄþÆÀ;6ÍÒÌþÆÀ;CÀÍÖØÀÄÌÁ½Ç×Ñ ½ÇƾÀ;ØÒ;ÕÂÀÇK NÀÁ¿ÂÍÕÎÊÀǾ ÁÒ×ÀǾ ҽ̾ ÆÀ; ÊÁÀÄÇÀǾ NÁåÎÏÀ¾ àÀÍ¿ÃÍÀ½Ãܾ Ú; Íå½ÅÃÀ¾ ¿ÄÀ¾ àÕÍ¿ÄÎÏÃÄ× ÂÀÄ¿ÀÄÃÀѾÆÒÅÄþ¿ÄÀ¾ÄÏžÇÄÎÏþÄž8À×¾ØÒÍÀÇܾÚÄÇÀǾÆÒàÕǾÂÀÏÄÀÁþÀ;ÄǾÆÀ;áÒÇÆÑ ØÀÄÁ¾À;ÄÏžÒÁ¿¾8ÒÌÌÀ¾×ÀÀÄ×ÇÀþ¿ÎÏÄÀÇÜ ¼Í½ÇÃÀǾØÒÍÀǾäÀÍ彿ÎÏÀܾOÀϽÿÒž¿ÎÏÕ¾À;¿ÄÎϾÀÄÇÀ¾áÒÇÆÂÍÀÄþÇÒÎϾàÕÍÇÀ ½Çƾ¿ÉåÏÃÀ¾ãÂÀ;ÆÄÀ¾6ÒÇÃÀ¾ÏÄÇÒ¾ÄǾÆÄÀ¾GÄÀÌÀܾGÔÒÍľÃÍÒþҽ¿¾ÆÀžÛÉÒÁÃܾ6ÇÒÁÁÀÇÆ ÌÁÒÅÅÃÀ¾ ÄÏ; OÁÒ¿ÃÀ; ҽ̾ ½Çƾ ¿ÀÃÖÃÀ¾ ÆÒ¿¾ äÀÂã¿ÎϾ ÄǾ NÁÒÅÅÀÇܾ ÛÄÀ¾ ؽßÃÀѾ Ò½Ì ØÀÁÎÏÀž 8À×¾ À; ÀÇÃÊÕÅÅÀǾ ØÒÍܾ ÛÄÀ¾ ÖÀÍÃÍÒþ ÆÄÀ¾ àÀÍÊÕÏÁÃÀǾ FÂÀÍÍÀ¿ÃÀ¾ ÆÀ¿ äÀ¿ÃÍãÉÉ¿¾½ÇƾÂÁÄÎÊÃÀ¾ÒǾÆÀ;NÀÁ¿ÁÀÄ¿ÃÀ¾ÀÇÃÁÒÇ×¾ÄǾÆÄÀ¾áâÏÀܾÚ;ÖÕ×¾ÆÀǾ6ÕÉ̾ÀÄÇ ½ÇƾØÒ;àÕǾÆÒ¾ÒǾǽ;ҽ̾¿ÀÄǾäÀÏâ;ÒÇ×ÀØÄÀ¿ÀÇܾÓÄþÁÒÇ׿ÒÅÀÇѾàÕÍ¿ÄÎÏÃÄ×ÀÇ ÛÎÏÍÄÃÃÀǾÊÒž¿ÄÀ¾ÏÀÍÒ½ÌܾÚ;ÏâÍÃÀ¾ÆÒ¿¾6ÇÄÍ¿ÎÏÀǾÆÀ;ÛÃÀÄÇÀѾÆÄÀ¾ÄÏ;ÛÃÄÀÌÀÁ¾ÖÀÍÃÍÒÃÜ MÅÅÀ; ÇåÏÀ; ÊÒž ÆÒ¿¾ äÀÍ彿ÎϾ P¾ ÆÒÇǾ àÀͿýÅÅÃÀ¾ À¿¾ ÉÁâÃÖÁÄÎÏܾ ÛÄÀ¾ ØÒÍ ½ÇÅÄÃÃÀÁÂÒ;½ÇÃÀ;ÄÏÅܾÚ;ÊÕÇÇÃÀ¾ÄÏÍÀǾËÃÀžÏâÍÀÇܾÓÄþå½ßÀÍ¿ÃÀ;OÀϽÿÒÅÊÀÄÃÑ ÓÄÁÁÄÅÀÃÀ;½Å¾ÓÄÁÁÄÅÀÃÀÍѾ¿ÎÏÕ¾À;¿ÄÎϾÇÒÎϾàÕÍÇÀܾÞÒÎϾIÀÆÀ;OÀØÀ×½Ç×¾ÏÄÀÁþÀÍ ÄÇÇÀѾ ½Å¾ Ö½¾ ÁÒ½¿ÎÏÀÇܾ GÔÒÍľ ¿ÎÏÄÀǾ ÒÏǽÇ׿Áտܾ ¼ÒÇǾ ¿ÒϾ À; ¿ÄÀܾ ¼ÄÀ¾ ¿ÄÁÂÀÍÇÀ áÒÒÍÉÍÒÎÏþØÒ;ֽžäÍÀÄÌÀǾÇÒÏÀܾÛÄÀ¾ÏÄÀÁþÆÀǾ6ÕÉ̾ÁÀÄÎÏþÀÍÏÕÂÀǾ½Çƾ¿ÉåÏÃÀ ÆÄÀ¾ 8ÒÇƾ ÀÅÉÕÍܾ ÛÄÀ¾ ØÒÇÆÃÀ¾ ÄÏž ÏÒÁ¾ ÆÀǾ ÝãÎÊÀǾ ֽܾ ¼À; Pҽ̾ ÆÀ¿¾ OÁÒ¿ÃÀÍ¿ ¿ÎÏØÒÇÊÃÀ¾½Ç¿ÎÏÁã¿¿Ä×¾ÏÄǾ½ÇƾÏÀÍÜ ¼Ò¿¾ØÒ;ÆÀ;˽×ÀÇÂÁÄÎÊѾҽ̾ÆÀǾÀ;×ÀØÒÍÃÀþÏÒÃÃÀܾÓÄþ½ÇÀÇÆÁÄÎÏÀ;äÀƽÁƾÏÕÁÃÀ À;ÁÒÇ׿ÒžÆÄÀ¾áÒÇƾÇÒÎϾàÕÍÇÀܾ¼À;ÛÎÏÁÒ×¾ÅÄþÆÀžNÀÁ¿ÂÍÕÎÊÀǾŽßÃÀ¾GÔÒÍÄ Ò½Ì¾ÆÀ;ÛÃÀÁÁÀ¾ÂÀÃå½ÂÀÇѾÕÆÀ;À;ØÒ;ÃÍÕÃÖ¾¿ÀÄÇÀ¿¾ÚÍÌÕÁ×À¿¾ÀÄǾÃÕÃÀ;ÓÒÇÇÜ ¼À;ËÍžͽÎÊÃÀ¾ÄǾÆÄÀ¾áâÏÀܾÚ;ÖÄÀÁÃÀ¾Ò½Ì¾ÆÀǾáÄÇÃÀÍÊÕÉÌܾÚ;¿ÉÒÇÇÃÀ¾ÆÄÀ¾Ó½¿ÊÀÁÇÜ Ú;ØÕÁÁÃÀ¾Ö½¿ÎÏÁÒ×ÀÇO¾À;ÏÒÃÃÀ¾ÆÒ¿¾ÈÄÀÁ¾½ÇÅÄÃÃÀÁÂÒ;àÕ;˽×ÀǾÜÜÜ ¼Ò¿¾ äÀÌãÏÁ¾ ÆÀ; áÄÁÌÁÕ¿Ä×ÊÀÄþ ØÒ; ØÄÀ¾ ÀÄǾ ƽÅÉÌÀ; ÛÎÏÅÀÍÖѾ ÆÀž À; ØÀÏÍÁÕ¿ Ò½¿×ÀÁÄÀÌÀÍþ ØÒÍܾ Ú; ÊÕÇÇÃÀ¾ ÇÄÎÏþ Ö½¿ÎÏÁÒ×ÀÇܾ Ú; ÂÍÒÎÏÃÀ¾ À¿¾ ÇÄÎÏþ ÌÀÍÃÄ×ܾ OÀÄ ËÍÊÕÇ¿¾ÅåÎÏÃÄ×ÀžäÕÃþP¾À;ÏÒÃÃÀ¾¿ÄÀ¾ÇÄÎÏþÃâÃÀÇѾǽ;ÇÄÀÆÀÍ¿ÎÏÁÒ×ÀǾØÕÁÁÀÇK¾ËÂÀÍ ÇÄÎÏþÀÄÇÅÒÁ¾ÆÒÖ½¾ÏÒÃÃÀ¾À;ÆÄÀ¾6ÍÒÌÃܾ¼À;ËÍžÏÄÇ×¾ÏÒÁÃÁÕ¿¾ÄǾÆÀ;P½ÌÃܾÚÄǾƽÅÉÌÀ¿Ñ àÀÍÖØÀÄÌÀÁÃÀ¿¾ÛÃâÏÇÀǾÆÍÒÇ×¾Ò½¿¾ËÃÁÒÇ¿¾Oͽ¿ÃÜ ÛÄÀ¾Ì½Ï;ÏÀͽÅܾ¼À;OͽÎÏÃÀÄÁ¾ÀÄÇÀ;ÛÀʽÇÆÀ¾×ÀÇã×ÃÀ¾ÄÏÍѾÆÄÀ¾PÒ×À¾Ö½¾ÂÀ×ÍÀÄÌÀÇÜ ¼À;Pҽ̾ͽÎÊÃÀ¾ÄǾÆÄÀ¾áâÏÀܾÚ;¿ÒϾÆÒ¿¾ÕÍÒÇ×ÀÌÒÍÂÀÇÀ¾äÁÕ¿ÀǾÆÀ¿¾Ë¿ÃÍÒÏÁÌÀÁÆ¿ ÄǾÆÀ;ÊÕÇÄ¿ÎÏÀǾÓãÇƽÇ×ܾÞåÏÀ;ÒÁ¿¾ÄǾÆÄÀ¿Àž˽×ÀÇÂÁÄÎʾØÒ;À;ÆÀžGÕƾÇÕÎÏ ÇÄÀ¾ ×ÀØÀ¿ÀÇܾ 8ÄÀ¾ Ò½¿¾ ØÀÄÃÀ; NÀÍÇÀ¾ ÏâÍÃÀ¾ À; ÀÄÇÀǾ ÏÒÁ¾ ÀÍ¿ÃÄÎÊÃÀǾ PÒ½ÃѾ ÀÄÇ ÃÍÕÎÊÀÇÀ¿¾ÛÎÏÁ½ÎÏÖÀÇܾNÒ¿¿½Ç׿ÁÕ¿¾àÕ;ÛÃÒ½ÇÀǾ¿ÒϾÀÍѾØÄÀ¾ÆÀ;Pҽ̾¿ÄÎϾ¿ÀÇÊÃÀÑ ØÄÀ¾ÆÄÀ¾ÓãÇƽÇ×¾ÅÄþÆÀžÃâÆÁÄÎÏÀǾPÄÎÏþÆÀ¿¾OãÇÆÀÁÌÀÁÆ¿¾Ò½¿¾¿ÀÄÇÀžOÁÄÎÊÌÀÁÆ àÀÍ¿ÎÏØÒÇÆܾGÔÒÍľÏÒÃÃÀ¾ÄÏžÆÒ¿¾äÀ¿ÄÎÏþֽ×ÀØÒÇÆÃܾÛÎÏÅÀÍÖ¾ÌÕÍÅÃÀ¾ÄÏÍÀ¾Èã×ÀÜ

àÀÍ¿ÎÏØÒÇÆܾGÔÒÍľÏÒÃÃÀ¾ÄÏžÆÒ¿¾äÀ¿ÄÎÏþֽ×ÀØÒÇÆÃܾÛÎÏÅÀÍÖ¾ÌÕÍÅÃÀ¾ÄÏÍÀ¾Èã×ÀÜ ÚÄǾÀÄ×ÀÇÒÍÃÄ×ÀÍѾÂÀÃÃÀÁÇÆÀ;OÁÄÎʾÁÒ×¾ÄǾÆÀǾ×ÍÕßÀǾ˽×ÀÇÜ 8ÄÁÆÀ;GÍĽÅÉϾ¿ÎÏØÀÁÁÃÀ¾ÄÏžÆÒ¿¾áÀÍÖܾÚ;ÏÒÃÃÀ¾¿ÄÀ¾ÇÄÎÏþÇÄÀÆÀÍ¿ÎÏÁÒ×ÀǾÊâÇÇÀÑ ½ÇƾIÀÃÖÃѾÆÒ¾À;ÄÏ;ҽ̾ËÍÅÀ¿ÁåÇ×À¾×À×ÀÇãÂÀÍ¿ÃÒÇÆѾÂÍÒÎÏÃÀ¾¿ÄÀ¾À¿¾ÇÄÎÏþÌÀÍÃÄ×Ñ Ò½Ì¾ÄÏǾֽ¾¿ÎÏÄÀßÀÇܾËÇÃÄ:ÚÛѾƽ¾ÏҿþàÀÍ¿Ò×ÃK¾Ì½Ï;À¿¾ÄÏžÅÄþØÄÁÆÀ;äÀǽ×ý½Ç× Æ½ÍÎϾÆÀǾÛÄÇÇܾÚ;¿ÉÍÒÇ×¾Ò½ÌܾÚ;ØÕÁÁÃÀ¾ÏÄǽÇÃÀÍѾֽ¾ÄÏÍѾ¿ÄÀ¾ÄǾÆÄÀ¾ËÍÅÀ¾ÇÀÏÅÀÇÜ ÞÒÍÍK ޽;ÆÄÀ¿ÀǾÀÄÇÀǾMÅɽÁ¿¾¿ÒÇÆÃÀ¾ÆÀ;Ú7ÃÍÒ¿ÄÇÇܾÓÄÃÃÀǾÄǾÆÀ;OÀØÀ×½Ç×¾ÏÄÀÁþËÃÁÒÇ ÄÇÇÀܾڿ¾ØÒ;ÌÒÁ¿ÎÏѾ¿ÄÎϾÒÁÁÀÄǾàÕǾÆÀ;ÚÅÕÃÄÕǾÁÀÇÊÀǾֽ¾ÁÒ¿¿ÀÇܾHžÀÄǾáÒÒÍ ÏåÃÃÀ¾À;ÆÄÀ¾ÆÍÕÏÀÇÆÀ¾äÀÌÒÏ;ãÂÀÍ¿ÀÏÀǾÜÜÜ

34 WXYZY[\]ZX^_X^`YZXaYZY\][bcZd^aeYfXcbYZgchfabiZjXc`bfhkb^Z]XkkblZmdcjbZnbkokl jXZ j[bZ pXkdcZ jbYZ gaX^bkb^Z Y[\]Z jdc\]Z j[bZ qr\ssb]cZ jbcZ tcbijb^Z Xd_YZ ^bdb fbjcu^`kZ _r]akblZ odZ b[^bcZ Y[ivab^Z tcX`bZ jbcZ gchobjdcwZ xd\]Z j[bZ b[^oba^b^ ycdvvb^Z jbcZ WbYb^lZ j[bZ Xsk[zZ i[kZ []cZ odYXiib^Xcfb[kbkb^lZ fb`c[__b^Z nbkoklZ jX{ j[bZ|b[kZjbcZsab[^a[\]b^Z}[_bcYr\]kbab[b^ZzhcrfbcZmXcw ~bcZxdYbcmu]akbZid{kbZfbmb`a[\]lZYkXcsZd^jZXdYjXdbc^jZYb[^ZXd{bcjbiZ]Xkkb j[bZ-XvXo[kukZYb[^bYZyb[YkbYZhfbc]XafZb[^bcZfbYk[iikb^Zycb^obZodZa[b`b^lZjXi[k bcZ.[kdXk[h^b^Zc[\]k[`Zbcsb^^b^lZqbXsk[h^b^Zsh^Yb/db^kZfbYk[iib^Zd^jZzhcZXaab^ ~[^`b^Z 0^_hciXk[h^b^Z XdYZ jbiZ 1^kbc`cd^jZ ob[k`biu{Z zbcXcfb[kb^Z sh^^kbwZ ~bc 1^kbc`cd^jZ2ZjXYZmXcb^Zj[bZ3[a_Yscu_kblZj[bZhc`X^[Y[bckZmbcjb^ZYhaakb^lZdiZjbi qX\]b_bajod`Z jb^Z ^ek[`b^Z pX\]jcd\sZ odZ zbcab[]b^wZ 0]cbZ xd_`XfbZ mXcl .kecXsk[h^b^Z jdc\]od_r]cb^lZ jb^Z yb`^bcZ ^X\]Z -cu_kb^Z odZ fb][^jbc^lZ Wb`bZ odc 4bYb[k[`d^`ZjbYZm[jbca[\]b^ZybcukYZ[iZ0^^bc^ZjbYZgaX^bkb^ZodZ_[^jb^Zd^jZ`X^o Xaa`bib[^Z -b^^k^[YYbZ odZ YXiiba^lZ j[bZ jbiZ xdYbcmu]akb^Z od`bab[kbkZ mbcjb^ sh^^kb^w ~[bZ WX]aZ _[baZ Xd_Z j[bZ .vbo[bYZ jbcZ .kdci`bmXak[`b^Z d^jZ d^kbcZ j[bYb^Z Xd_Z b[^ fbYh^jbcYZscu_k[`bYZd^jZ`bmX^jkbYZWbYb^lZjXYZbcYkZzhcZsdcobcZ|b[kZjXYZmb[{b yb_[bjbcZ jbcZ 5d`b^jZ Xf`bY\]rkkbakZ d^jZ jXYZ YkX]a`cXdbZ ybmX^jZ jbc }cmX\]Yb^b^ZX^`bab`kZ]XkkbwZ0]ilZjbiZYkdci`bmXak[`b^Z-c[b`bclZzbci[kkbakb^Zj[b pXkdcZ d^jZ j[bZ i[kZ []cZ [^Z 3Xcih^[bZ fb_[^ja[\]b^Z WbYb^Z j[bZ ybYXik]b[kZ []cbY [^Yk[^sk[zb^ZW[YYb^YZd^jZb[^b^Z6b[aZ[]cbcZ0^Yk[^skbZYbafYkwZxd_Zj[bYbZWb[YbZmdcjb jbcZ -c[b`bcZ odiZ iu\]k[`Ykb^Z }[^oba`bY\]ev_lZ jXYZ nbZ Xd_Z jbiZ `bY\]u^jbkb^ gaX^bkb^Z b7[Yk[bckZ ]XkkbwZ tXYkZ `a[\]Z bcZ [^Z Yb[^bcZ .\]audblZ Yb[^bcZ 1iY[\]kZ d^j Yb[^biZ qbXsk[h^Yzbcie`b^Z b[^biZ jbcZ tcbijb^lZ j[bZ j[bZ pXkdcZ [iibcZ m[bjbc jdc\]Z []cbZ Xd{bc`bme]^a[\]b^Z yb[YkbY`Xfb^Z [^Z 8bcm[ccd^`Z Ybkokb^wZ xfbcZ bc mdcjbZ ^[\]kZ m[bZ Y[b9Z b[^Z jb^sb^jbYZ WbYb^wZ }cZ fa[bfZ b[^Z 6[bclZ d^jZ mXYZ bcZ X^ Wd^jbcfXcbiZodZab[Ykb^Zzbcih\]kblZjXYZzhaafcX\]kbZbcZXaab[^ZscX_kZjbcZz[ba_uak[`b^ 0^Yk[^skblZj[bZ[^Z[]iZzbcb[^[`kZmXcb^w .hZcXY\]Zd^jZcb[fd^`YahYZY[\]Zj[bZWX]aZodZ`dkbcZ:bkokZ]XkkbZzhaao[b]b^ZaXYYb^lZYh `XfZbYZjh\]Zb[^[`blZj[bZi[kZ[]cZ^[\]kZb[^zbcYkX^jb^ZmXcb^wZ~[bZ|X]aZjbcZybkcbdb^l j[bZ[iZ}[^saX^`Zi[kZjbcZpXkdcZXd_Zj[bZ4bYkcX_d^`ZjbcZrfbc]bfa[\]b^Ztcbijb^Zd^j Xd_Zb[^bZ6[a`d^`ZjbcZzh^Z[]cbcZ3X^jZbca[kkb^b^Z.\]iX\]Z][^Xcfb[kbkb^lZzbcc[^`bckb Y[\]ZXfbciXaYwZ8hcZXaabiZmXcZbYZj[bZ.vbo[bYZjbcZ`b]ec^kb^Z4ucb^lZj[bZj[bZWX]a i[{f[aa[`kbwZ ~XYZ mXcZ odZ bcmXckb^Z `bmbYb^wZ ~[bZ `b]ec^kb^Z 4ucb^Z mXcb^Z j[b

iu\]k[`Ykb^Z6[bcbZjbYZgaX^bkb^wZx^Z-cX_kZrfbckcX_b^ZY[bZXaabZX^jbcb^ZybY\]ev_bw .[bZ]Xkkb^Z_bYkZjXi[kZ`bcb\]^bklZjX{Zj[bZWX]aZXd_Zb[^b^ZjbcZ0]cb^Z_Xaab^Zmrcjbw ~XYZxsk[h^Yshi[kbbZ ]XkkbZ nbjh\]Z bcsX^^klZ jX{Z -cX_kZ Xaab[^Z sb[^Z XdYcb[\]b^jbY xdYmX]asc[kbc[b^Z jXcYkbaakwZ ~bcZ .kdci`bmXak[`bZ iX\]kbZ Y[\]Z X^Z j[bZxcfb[kwZ 8h^ jb^Z0^Yk[^skb^ZjbcZpXkdcZ`bab[kbklZzhiZ1^kbc`cd^jZi[kZ0^_hciXk[h^b^ZzbcYhc`klZ_X^j bcZjXYZ:X`bcZjbcZtcbijb^wZ~XYZbcYkblZmXYZbcZ_bYkYkbaakblZmXclZjX{ZbYZd^kbcZjb^ tcbijb^Z b[^b^Z `XflZ jbcZ i[kZ jb^Z X^jbcb^Z [^Z tb[^jY\]X_kZ odZ abfb^Z Y\][b^wZ Wbc XfbcZ b[^Z tb[^jZ jbcZ tcbijb^Z mXclZ jbcZ YkX^jZ Xd_Z jbcZ .b[kbZ jbcZ pXkdcwZ ~bc ycXd`b_[bjbckbZ zbcXcfb[kbkbZ j[bYbZ }csb^^k^[YZ d^jZ ^X]iZ Y[bZ Y[\]Z odZ 3bcob^wZ }c ]XkkbZ jb^Z bcYkb^Z 8bcfr^jbkb^Z `b_d^jb^lZ jbcZ ^[\]kZ jbiZ 8bcfd^jZ jbc b[^`bfhcb^b^ZpXkdcZX^`b]eckbw ; ~[bZgb^bkcX^oZYkX^jZi[kZ6<Xc[Z[^ZkbabvXk][Y\]bcZ8bcf[^jd^`wZ.[bZmd{kbZ[^Zj[bYbi xd`b^fa[\sZfbcb[kYlZjX{Z[]cZgaX^Z_b]a`bY\]aX`b^ZmXcwZ.[bZmrcjbZjb^Ztb]aY\]aX` ^[\]kZ kXkb^ahYZ ][^^b]ib^wZ x^k[=}.Z ]XkkbZ fb_h]ab^lZ jX{Z jbcZ xcsh^[jbZ Ykbcfb^ irYYbwZ>h\]kbZ6<Xc[ZzbcYX`kZ]Xfb^Z2ZbYZ`XfZX^jbcblZj[bZ[]cb^ZgaXkoZb[^^b]ib^ sh^^kb^w ?-hiiZi[kZi[c@lZYk[b{ZbcZ]XYk[`Z]bczhcwZ?:X{Zd^YZ_a[b]b^wZ0\]Zfc[^`bZj[\]ZX^Zb[^b^ AcklZmhZ^[biX^jZib]cZjb[^b^Zyb[YkZd^kbcnh\]b^ZsX^^w@ .[bZY\]rkkbakbZjb^Z-hv_w ?}YZ]XkZsb[^b^Z|mb\s@lZidcibakbZY[bZ^[bjbc`bY\]aX`b^wZ?0\]ZsX^^Z^[\]kZwww@ZW[b b[^Zqd\sZ`[^`ZbYZjdc\]Zjb^ZY\]aX^sb^Z-ecvbcwZt[bfc[`bcZyaX^oZkcXkZ[^Zj[bZ`ch{b^ xd`b^wZ ~[bZ gb^bkcX^oZ ]XkkbZ od`bY\]aX`b^BZ .kb[_Z m[bZ b[^ZxdkhiXkZ mX^jkbZ 6<Xc[ Y[\]Z diZ d^jZ Y\]c[kkZ j[bZ tbaYab[YkbZ ][^XfwZxkaX^Z md{kbZ ^[\]klZ mba\]b^Z 4b_b]aZ Y[b bc]Xakb^Z ]XkkbwZ }cZ ]eckbZ j[bZ kbabvXk][Y\]bZ .k[iibZ jbcZ gb^bkcX^oZ ^dclZ mb^^Z Y[b d^i[kkbafXcZodZ[]iZYvcX\]Zd^jZdiZodZ[]iZodZYvcb\]b^lZid{kbZY[bZm[YYb^lZmhZbc Y[\]Z fb_X^jwZ xfbcZ b[^bYZ bcY\][b^Z []iZ saXc9Z 6<Xc[Z mXcZ Xffbcd_b^Z mhcjb^wZ }[^ X^jbcbcZ mrcjbZ bYZ rfbc^b]ib^lZ jXYZ ybfhkZ jbYZ CfbcmbYb^YZ XdYod_r]cb^wZ ~[b -Xiv_vXdYbZ mXcZ zhcrfbcwZ ~[bZ 5X`jZ fb`X^^Z zh^Z ^bdbiwZ }cZ fbd`kbZ Y[\]Z ^X\] zhc^bZ d^jZ fa[\skbZ [^Z j[bZ 3e]bwZ ~[bZ xq.}px:5D-Z mXcZ zbcY\]md^jb^w WX]cY\]b[^a[\]ZmXcZY[bZjXi[kZfbY\]u_k[`klZ6<Xc[ZX^Z4hcjZodZ^b]ib^wZ>nX[aXilZ_d]c bYZ[]iZjdc\]Zjb^Z.[^^wZ~b^Z6babvhckbcZ`[^`ZjXYZXaabYZ^[\]kYZX^wZ}cZfcXd\]kbZ^[\]k odZmXckb^lZf[YZ6<Xc[Z`bfhc`b^ZmXcwZ5bjb^Zxd`b^fa[\sZsh^^kbZbcZ][bcZXd_kXd\]b^w xkaX^Z]bkokbZj[bZtbaYab[YkbZ][^Xd_wZ.[bZmdcjbZY\]iuabcwZ5bZ^u]bcZbcZjbiZhfbcb^ qX^jZ jbYZ tbaYb^sbYYbaYZ sXilZ jbYkhZ ib]cZ id{kbZ bcZ Y[\]Z [^Z X\]kZ ^b]ib^wZ ~[b

abkokb^Z>bkbcZab`kbZbcZYb[kmuckY`b]b^jZodcr\slZj[bZtd{Yv[kob^ZXd_ZjbcZ-X^kbZjbc :b[YkblZ j[bZ 3X\sb^Z rfbcZ jbiZxf`cd^jlZ jb^Z -ecvbcZ YhZ mb[kZ m[bZ ie`a[\]Z ^X\] zhc^bZ`b`b^Zj[bZWX^jZ`bfbd`klZjXi[kZjbcZ.\]mbcvd^skZ_bYkb^Z4hjb^Zd^kbcZY[\] ]XkkbwZ>[kZabkokbcZ-cX_kZY\]mX^`ZbcZY[\]ZXd_Zj[bZtbaYvaXkkbZbivhclZ[^Zj[bZjbcZ-bYYba b[^`bfbkkbkZmXcwZx^ZAckZd^jZ.kbaabZfa[bfZbcZa[b`b^wZ~[bZ:d^`b^Zvdivkb^Zm[bZm[ajw ~bcZ.kb[^Zd^kbcZ[]iZmXcZd^X^`b^b]iZ]b[{wZ~[bZ.h^^bZYkX^jZ[iZ|b^[kwZ}cZ]eckb jXYZ.diib^ZjbcZtbajkc[bfmbcsbwZ}YZsXiZXdYZfbkcu\]ka[\]bcZ}^k_bc^d^`lZd^jZj[b xq.}px:5D-ZmXcZ^[c`b^jmhZodZYb]b^lZYhZh_kZbcZXd\]Zjb^Z3XaYZcb\skbZd^jZjb^ -hv_Z jcb]kbwZ .[bZ md{kb^Z nbkoklZ jX{Z Yb[^bZ tad\]kc[\]kd^`Z ^X\]Z WbYkb^Z ob[`kbw .haakbZ bcZ jXcX^Z _bYk]Xakb^EZ 4a[bfZ []iZ bkmXYZ X^jbcbYZ rfc[`EZ ~XYZ ybcudY\]Z jbc 6c[bfmbcsbZsXiZXdYZAYkb^w 0^Z`bjd\skbiZ6cXfZ]XYkbkbZbcZXiZqX^jZjbYZtbaYb^sbYYbaYZb^kaX^`wZ~XYZybau^jb mXcZh]^bZnbjbZ~b\sd^`wZx\]k]d^jbckZ>bkbcZmb[kZ[iZWbYkb^ZkrcikbZY[\]Zmd\]k[`bY ybYkb[^ZXd_lZ][^kbcZjbiZbcZY[\]ZzbcYkb\sb^Zsh^^kbwZxfbcZf[YZjhck][^Zid{kbZbcZbcYk b[^iXaZshiib^wZ}cZ`aXdfkbZ^[\]klZjX{Z[]iZjXYZxcYb^XaZYhZz[baZ|b[kZaXYYb^Zmrcjbw xfbcZjX^^ZaX`ZbcZY\]a[b{a[\]Zjh\]Z[iZ.\]Xkkb^Zb[^bYZomb[Z>X^^Z]h]b^Z>h^ha[k]b^ d^jZ`b^h{Zjb^Z_ar\]k[`b^Z}[^jcd\sZjbcZ-r]abwZ~[bZ`bvaX`kb^Z>dYsba^Zcd]kb^ZY[\] XdYwZ}cZY\]ev_kbZ^bdbZ-cX_kwZ}YZmXcZ[]iZd^fb`cb[_a[\]lZmXcdiZ[]iZj[bZ8bc_ha`bc YhZ z[baZ .v[bacXdiZ a[b{b^Z 2Z XfbcZ bcZ YvrckbZ sb[^bZ pb[`d^`lZ Y[\]Z jXcrfbcZ od fbsaX`b^wZ1^i[kkbafXcZ^X\]jbiZ6<Xc[ZXffbcd_b^Zmhcjb^ZmXclZ]ukkb^ZY[bZYb[^bcZ[i 3X^jdijcb]b^Z ]Xf]X_kZ mbcjb^Z se^^b^wZ .[bZ md{kb^lZ mhZ bcZ Y[\]Z Xd_][baklZ d^j fcXd\]kb^Z^dcZ>nX[aXiZ][^kbcZ[]iZ]bcZodZY\][\sb^wZ5bZib]cZ|b[kZzbcYkc[\]lZjbYkh Y\]mbcbcZ mrcjbZ bYZ []^b^Z _Xaab^lZ []^Z m[bjbcod_[^jb^wZ 5bjbZ 8[bckbaYkd^jbZ jb]^kb Y[\]ZjbcZqXj[dYZjbYZ-cb[YbYlZjb^ZY[bZXfodYd\]b^Z]Xkkb^lZdiZb[^b^Z-[ahibkbcw }cZ]eckbZjXYZ.[^`b^ZjbcZ6c[bfmbcsbZ^[\]kZib]cwZ}cZYd\]kbZjb^Z3[iibaZXfZXfbc j[bZ xq.}px:5D-Z fa[bfZ zbcY\]md^jb^wZ 3h\]Z jchfb^Z [iZ 4aXdZ Y\]mbfkbZ b[^ qXdfzh`balZb[^ZxjabcwZAfZbcZjbcYbafbZmXclZjb^ZbcZXiZzbc`X^`b^b^Z6X`Z`bYb]b^ ]XkkbE 8hcZ[]iZYb^skbZY[\]ZjXYZybau^jbwZxdYZjbcZ6[b_bZabd\]kbkbZjXYZ]baabZycr^Zrvv[`bc 8b`bkXk[h^wZ}YZmrcjbZ`dkZYb[^lZjb^ZYh^^b^jdc\]`ar]kb^ZtbaYb^Zjb^Zqr\sb^Zod sb]cb^Z d^jZ [iZ .\]Xkkb^Z jbcZ 4udibZ d^kbcodkXd\]b^wZ ~bcZ ~dcYkZ vaX`kbZ []^Z zh^ ^bdbiwZ ~hckZ d^kb^Z `XfZ bYZ WXYYbcwZ 0c`b^jmX^^Z mrcjbZ bcZ Y[\]Z ^X\]Z bkmXYZ od bYYb^ZdiYb]b^ZirYYb^wZ4bbcb^lZWdcoba^lZ-b[ibZ2Z[c`b^jbkmXYwZ.hfXajZbcZjb^ ~dcYkZ `bYk[aakZ ]XkkblZ mrcjbZ []^Z jbcZ 3d^`bcZ X^Yvc[^`b^Z m[bZ b[^Z m[ajbYZ 6[bcZ jXY md{kbZbcZXdYZ}c_X]cd^`w

}cZ `e^^kbZ Y[\]Z b[^bZ ]XafbZ .kd^jbZ qd]blZ jX^^Z iX\]kbZ bcZ Y[\]Z m[bjbcZ Xd_Z jb^ Wb`wZ4[Y]bcZmXcZbcZi[kZjbiZ8bcaXd_ZjbYZ1^kbc^b]ib^YZ[iZ`ch{b^Zd^jZ`X^ob^ od_c[bjb^wZ~bcZ4r__bafucZ]XkkbZ[]iZb[^b^ZfeYb^Z.kcb[\]Z`bYv[baklZd^jZkchkojbiZmXc bcZ^h\]ZXiZ:bfb^wZ5bZau^`bcZY[bZfcXd\]kb^lZdiZ[]^ZodZ_X^`b^lZjbYkhZd^Y[\]bcbc mdcjb^ZY[blZjbYkhZib]cZtb]abcZmrcjb^ZY[bZfb`b]b^wZWb^^ZbcZYb[^bZ-Xckb^Zc[\]k[` Yv[bakblZ]XkkbZbcZjdc\]XdYZb[^bZF]X^\blZj[bYb^Z0ccY[^^Zabfb^jZodZrfbcYkb]b^wZpdc b[^bYZfbjcr\skbZ[]^9Zj[bZ.hc`bZdiZ6<Xc[w ; xiZYvukb^ZpX\]i[kkX`Zbccb[\]kbZbcZjXYZ6[b_aX^jwZ}cZfb_X^jZY[\]ZnbkokZXiZqX^j jbcZ ^ecja[\]b^Z }fb^blZ jdc\]Z jXYZ ybf[bkZ zh^Z jbcZ .kbvvbZ `bkcb^^klZ X^Z jbcb^ ycb^obZ j[bZ 3e]abZ jbYZxcYb^XaYZ aX`wZxfbcZ jXYZ YkeckbZ []^Z [iZxd`b^fa[\sZ mb^[`w 0c`b^jmhZmb[kbcZ[iZWbYkb^ZmrcjbZbcZb[^b^ZCfbc`X^`ZhjbcZb[^b^ZgX{Z_[^jb^lZjbc []^Zm[bjbcZXd_Zjb^Zc[\]k[`b^Z-dcYZfcX\]kbw ~[bZ ^ecja[\]bZ }fb^blZ YhZ YkbaakbZ Y[\]Z ]bcXdYlZ ]XkkbZ b[^bZ d^X^`b^b]ib }[`b^Y\]X_k9Z.[bZYb^skbZY[\]Z`b`b^ZjXYZybf[c`bZ][^wZxiZtd{ZjbcZ4bc`bZb^kYkX^j Yhi[kZb[^Z6ch`lZ[^ZjbiZY[\]ZjXYZWXYYbcZYXiibakbwZ~XYZybau^jbZmXcZihcXYk[`w xaabcab[Z0^Ybskb^ZfbauYk[`kb^Zjb^Zb[^YXib^ZWX^jbcbcwZ}cZ_X^jZWb[]bcZd^jZ6rivba `b^d`lZXfbcZbcYkZ`b`b^Z.h^^b^d^kbc`X^`ZYk[b{ZbcZXd_Zb[^b^lZjbYYb^ZWXYYbcZ[]i kc[^sfXcZbcY\][b^wZ0^om[Y\]b^Z]XkkbZbcZb[^bZrfbcY\]au`[`bZ4bYkX^jYXd_^X]ibZjbc ~[^`bZ `biX\]klZ j[bZ jXYZ .div_aX^jZ X^Z }{fXcbiZ X^fhkwZ pX\]jbiZ bcZ Yb[^b^ ~dcYkZ`bYk[aakZ]XkkblZ`[^`ZbcZ4bbcb^ZYXiiba^wZ}cZX{Z]b[{]d^`c[`Zd^jZb^km[\sbakb XaYfXajZ b[^b^Z i[ajb^Z tXaaZ zh^Z 4Xd\]`c[iib^lZ m[bZ bcZ bYZ ^[\]kZ X^jbcYZ bcmXckbk ]XkkbwZ~[bZpXkdcZb[^bYZ_cbijb^ZgaX^bkb^Z[YkZYbakb^ZXd_Zjb^Z>bkXfha[YidYZjbYZXdY jbiZ WbakcXdiZ shiib^jb^Z 4bYd\]bcYZ b[^`bYkbaakwZ 8bc`a[\]b^Z i[kZ _cr]bcb^ }c_X]cd^`b^Z fhkZ Yb[^bZ :X`bZ nbjh\]Z mb^[`Z ycd^jZ odcZ -aX`bwZ ~[b >X`b^Y\]ibcob^Z mXcb^Z fXajZ d^jZ h]^bZ tha`b^Z rfbcYkX^jb^wZ }cZ _r]akbZ Y[\] `bYukk[`kZ d^jZ ]XkkbZ _rcYZ ^u\]YkbZ mb[kbcZ ^[\]kYZ [iZ .[^^lZ XaYZ Y[\]Z scu_k[` XdYodY\]aX_b^w }cZ_X^jZb[^b^Z`bY\]rkokb^ZAcklZb[^bZm[^o[`bZ:[\]kd^`Zi[kZkch\sb^biZ4hjb^lZd^j iX\]kbZ bYZ Y[\]Z d^kbcZ b[^biZ 4XdiZ fb/dbilZ jbcZ []^Z X^Z b[^bZ [cj[Y\]bZ 6X^^b bc[^^bckbwZxdYZb[^biZfbibcsb^Ymbckb^Zscu_k[`b^Z.kXiiZmd\]Yb^Zsbcob^`bcXjb GYkblZj[bZi[kZj[\sb^lZ_ab[Y\][`b^ZpXjba^Zfbjb\skZmXcb^wZ~[bZd^kbcYkb^ZGYkbZadjb^ mb[kZ`b^d`ZXdYlZjX{ZbcZY[\]Zd^kbcZ[]^b^Zzbcsc[b\]b^Zsh^^kbwZ~XYZmXcZ[]iZm[\]k[`w tXaaYZ>nX[aXiZod_uaa[`ZjbYZWb`bYZsXilZmhaakbZbcZXd\]Z[iZ.\]aX_ZzhcZ}^kjb\sd^` Y[\]bcZYb[^wZ8[baZqd]bZmXcZ[]iZnbjh\]Z^[\]kZzbc`e^^kwZ}[^Z]b_k[`bYlZY\]ibco]X_kbY -c[ffba^Zmb\skbZ[]^wZ0iZbcYkb^Zxd`b^fa[\sZzbcY\]aX_b^bcZ4b^hiib^]b[kZ`aXdfkb

bclZb[^Zxib[Yb^zhasZ]ukkbZY[\]ZrfbcZ[]^Z]bc`biX\]kwZ~X^^ZXfbcZmdcjbZ[]iZsaXcl jX{ZYb[^bZ:X`bZmbYb^ka[\]Zbc^YkbcZmXcwZ}cZmXcZ`b_X^`b^Z[^Zb[^biZybYkcrvvlZjXY i[kZ 3d^jbckkXdYb^jb^Z zh^Z pXjba^Z XdY`bYkXkkbkZ mXclZ j[bZ Y[\]Z fbir]kb^lZ Yb[^b 3XdkZ odZ jdc\]jc[^`b^wZ }cZ Y\]ad`Z i[kZxcib^Z d^jZ 4b[^b^Z diZ Y[\]Z XfbcZ jXjdc\] bc]e]kbZbcZ^dcZj[bZ}^kY\]ahYYb^]b[kZjbYZx^`cb[_bcYwZtab7[fabZGYkbZY\]ahYYb^ZY[\] diZYb[^b^Z:b[fwZ3XckbcZ~cd\sZY\]^rckbZ[]iZjb^Z4cdYkshcfZb[^Zd^jZiX\]kb^ZjXY xkib^ZodcZgaX`bw 8bcfar__kZbcsX^^kbZbclZjX{ZbYZXdY`bcb\]^bkZjbcZYhZ_c[bja[\]Zm[csb^jbZ6X^^b^fXdi mXclZ jbiZ bcZ Yb[^Z ~[abiiXZ zbcjX^skbwZ ~[bZ ]h\]`bmX\]Yb^bZ g_aX^obZ ]XkkbZ Y[\] zhcmuckYZ `bscriikZ d^jZ i[kZ jb^Z ]XciahYZ XdYYb]b^jb^Z GYkb^Z []cZ Av_bc diY\]ad^`b^wZ.[bZmXcZzhaaZfbmb`a[\]lZsb[^bYmb`YZ[iZ4hjb^ZzbcmdcobaklZm[bZbY odbcYkZjb^Zx^Y\]b[^Z`b]XfkZ]XkkbwZxkaX^Zzbc_ad\]kbZYb[^b^Z>X^`baZX^Z8hcY[\]kwZ}c md{kbZ XdYZ ]d^jbck_X\]bclZ h_kZ f[kkbcbcZ }c_X]cd^`lZ jX{Z Xd_Z gaX^bkb^Z i[k .XdbcYkh__XkihYv]ucb^Z [^Z jbcZ >b]coX]aZ jbcZ tuaabZ j[bZ g_aX^ob^mbakZ bfb^Yh `b_u]ca[\]lZX^`c[__YadYk[`Zd^jZcXdf`[bc[`ZmXcZm[bZj[bZ6[bcmbakw ~[bZ}[^Y[\]kZsXiZodZYvukwZ}YZ`[^`ZdiZYb[^Z:bfb^wZ~b^Zvc[i[k[zb^Z-cu_kb^ZjbY _ab[Y\]]d^`c[`b^Z ybmu\]YbYZ ]XkkbZ bcZ ^[\]kYZ }fb^frck[`bYZ b^k`b`b^odYbkob^w .b[^bZb[^o[`bZ3h__^d^`ZaX`ZjXc[^lZb[^bZ.[kdXk[h^ZodZY\]X__b^lZj[bZj[bZg_aX^obZX^ jbcZ }^k_Xakd^`Z []cbYZ }^bc`[bvhkb^k[XaYZ ][^jbckbwZ }cZ scriikbZ Y[\]Z odYXiib^w ~dc\]ZjXYZybm[ccZjbcZGYkbZ][^jdc\]Z_X^jZjbcZtd{Z3XakZXd_ZjbiZ4hjb^wZ}cZYk[b{ Y[\]Z XfZ d^jZ fb`X^^Z odZ sd`ba^wZ ~[bZ g_aX^obZ a[b{Z ^[\]kZ zh^Z []iZ XfwZ 0iibcZ k[b_bc Yb^skb^ZY[\]Zj[bZpXjba^Z[^YZtab[Y\]ZjbYZAv_bcYZd^jZY\][\skb^ZY[\]ZX^lZjbYYb^ :bfb^Yscu_kbZ[^ZY[\]ZXd_odYXd`b^w xkaX^Z`XfZ^[\]kZXd_wZ}cZchaakbZXd_Zj[bZ4cbY\]bZodlZj[bZbcZzhcZ.h^^b^d^kbc`X^`Z[^ jXYZybfrY\]ZXiZqX^jZjbcZ:[\]kd^`Z`bfch\]b^Z]XkkbwZ~X][^kbcZaX`ZjbcZWb[]bcl X^Z jbiZ bcZ Yb[^b^Z ~dcYkZ `bYk[aakZ ]XkkbwZ ~[bZ g_aX^obZ ab[YkbkbZ Yb[^b^Z 4bir]d^`b^ sb[^b^Z W[jbcYkX^jwZ .[bZ mXcZ bYZ od_c[bjb^lZ jX{Z j[bZ abfb^Ym[\]k[`bZ pX]cd^`Z [^ -rcobZ odZ _a[b{b^Z fb`[^^b^Z mrcjbwZ ~bcZ .\]ibcoZ jbcZ ]d^jbckkXdYb^jZ pXjba^ iX\]kbZjb^Zxcsh^[jb^Z_XYkZmX]^Y[^^[`wZ}cZb^km[\sbakbZj[bZ-cX_kZjbcZ8bcomb[_ad^`w ~XYZybfrY\]lZjXYZj[bZ:[\]kd^`ZdiY\]ah{lZaX`Z][^kbcZ[]iwZ~bcZ4hjb^ZYb^skbZY[\] jbiZWb[]bcZb^k`b`b^wZ}[^ZabkokbcZ.kh{lZd^jZbcZchaakbZzh^ZYbafYkwZ}cZch\]Zj[bZpu]b jbYZWXYYbcYZd^jZfb`X^^ZodZ]
}[^bZ|b[kaX^`ZYX]ZbYZYhZXdYlZXaYZ]ukkbZbcZY[\]Zzbccb\]^bkwZ~bcZgdaYZvh\]kbZ[^Zjb^ .\]au_b^wZ~XYZyb][c^ZY\]c[bZ^X\]Z:d_kwZ}cZmuaokbZY[\]ZXd_Zj[bZ.b[kblZzbcYd\]kblZi[k jb^Z 3u^jb^Z jb^Z ycd^jZ jbYZ Wb[]bcYZ odZ bccb[\]b^lZ diZ Y[\]Z XfodYkh{b^wZ ~X YvrckbZ bclZ m[bZ Y[\]Z j[bZ b^`bZ 1isaXiibcd^`Z jbcZ GYkbZ odZ aeYb^Z fb`X^^wZ }c fcb[kbkbZj[bZxcibZXdYwZ~XYZmrc`b^jbZpbkoZv_aX^oa[\]b^ZybmbfbYZ_[baZzh^Z[]iZXfw }cZYkcXivbakbZY[\]Z_cb[wZ-r]abZ:d_kZkcX_ZYb[^ZybY[\]kwZ}cZe__^bkbZjb^Z>d^jZd^jZYh` j[bZ :d^`b^Z zhaalZ f[YZ Y[bZ odZ vaXkob^Z jch]kb^wZ 4b^hiib^Z d^jZ `bY\]mu\]klZ jXY gc[\sba^Z jbcZ m[jbcmuck[`b^Z pXjba^Z ^h\]Z Xd_Z jbcZ 3XdklZ mXkbkbZ bcZ Xd_Z jXYZ 1_bc ][^Xd_wZ}cZYX]ZY[\]ZdiwZ~XYlZmXYZ[]iZ_cr]bcZm[bZb[^Z6X^^b^fXdiZbcY\][b^b^ZmXcl Y\]mXiiZY\]aX__Z[^ZjbcZ>[kkbZjbYZWb[]bcYwZ}cZ`c[^YkbwZ0iZyb[YkZiXakbZbcZY[\]ZXdYl m[bZ Y[\]Z jXYZ b^kkudY\]kbZ g_aX^ob^`bY\]ev_Z ^X\]Z jbcZ b^k`X^`b^b^Z 4bdkbZ j[b :[vvb^Zab\skbw ~bcZ3b[ikr\sbcZmXcZ^[\]kZkhkwZ~XYZWXYYbcZ]XkkbZ[]^Zabj[`a[\]Zzbcm[cckwZ}cZmXcZbY ^[\]kZ`bme]^klZYb[^bZ4bdkbor`bZ[^Z_arYY[`bcZ1i`bfd^`Zjdc\]od_r]cb^wZ4b[ob[kb^ mrcjbZ bcZ Y[\]Z zh^Z Yb[^biZ .\]h\sZ bc]hab^Z d^jZ odcr\sZ X^Z :X^jZ sc[b\]b^w WX]cY\]b[^a[\]Z mrcjbZ bcZ Yb[^b^Z _cr]bcb^Z .kX^jhckZ m[bjbcZ Xd_^b]ib^lZ Y[\]Z jb^ x^Y\]b[^Zb[^bcZ]XciahYb^lZ_bYkZ[iZ4hjb^Zzbcmdcobakb^Zg_aX^obZ`bfb^Zd^jZXd_ZjXY ^u\]YkbZAv_bcZmXckb^w xkaX^ZmX^jbckbZjXzh^wZ~XYZ^u\]ka[\]bZ4XjlZYhZmb^[`ZbYZXd\]Z`bvaX^kZ`bmbYb^ mXclZ]XkkbZ[]^Zbc_c[Y\]kwZxfbcZjb^Z^u\]Ykb^Zqd]bvaXkoZYd\]kbZbcZY[\]Zi[kZ4bjX\]kw ; xiZ^u\]Ykb^Z>hc`b^ZmXcZbcZY\]h^ZzhcZ.h^^b^Xd_`X^`ZXd_Zjb^Z4b[^b^wZ1^cd]b bc_raakbZ[]^wZ}cZ]XkkbZjXYZ^ucc[Y\]bZ.v[baZjbYZyb`^bcYZnbkokZaX^`bZ`b^d`Z`bYv[bak bYZmXcZX^ZjbcZ|b[klZjX{ZbcZbYZodZ}^jbZfcX\]kbwZxd_ZjbiZY\]^baaYkb^ZWb`ZmhaakbZbc [^Z j[bZ pu]bZ jbcZ xcYb^Xa=3e]abZ odcr\ssb]cb^Z d^jZ Yb]b^lZ mXYZ bcZ jhckZ odc 4bcb[^[`d^`ZjbcZ:X`bZkd^Zsh^^kbwZ~[bZ6h[abkkbZ_[baZjrc_k[`ZXdYwZ.b[^bZ-ab[jd^`ZmXc ^h\]Z^[\]kZ`bkch\s^bkwZ}cZmrcjbZi[kZjbcZtbd\]k[`sb[kZodcb\]kshiib^ZirYYb^lZf[Y j[bZ.h^^bZY[bZ`bkch\s^bkZ]XkkbwZ8hcaud_[`ZYvrckbZbcZmb^[`Z8bcaX^`b^Z^X\]Zb[^bi ^bdbca[\]b^Z 4XjwZ ~XYZ tcr]Ykr\sZ _[baZ bc_ha`cb[\]bcZ XdYZ XaYZ jXYZ `bYkc[`b xfb^jbYYb^wZ}cZX{Zzh^Zjb^Ybafb^Z4bbcb^lZj[bZbcZ[^ZjbcZzbc`X^`b^b^ZpX\]kZod Y[\]Z`b^hiib^Z]XkkbwZ~bcZ>X`b^Z]XkkbZY[\]Zh__b^fXcZ[^ZYb[^Z.\][\sYXaZbc`bfb^w ~XYZ b[^o[`bZ ud{bcbZx^ob[\]b^Z Yb[^bcZ >[{Yk[iid^`Z mXcZ b[^Z YXdcbYZxd_Ykh{b^l jXYZnbjh\]ZY\]h^Z^X\]Zmb^[`b^Z>[^dkb^Zm[bjbcZzbc`[^`wZ~bcZ>[kkX`Zih\]kbZ^h\] omb[Z.kd^jb^Zb^k_bc^kZYb[^lZXaYZY[\]ZodcZa[^sb^Z3X^jZjbYZWX^jbcbcYZb[^Zfcb[kbYl Yb[\]kbYZ6XaZe__^bkblZjXYZ^X\]Z.rjb^Z_r]ckbwZyb^XdZjXYZmXcZbYlZmXYZbcZfcXd\]kbw Wb^^ZbcZjbiZ6XaZ_ha`kblZ`baX^`kbZbcZXd_Zj[bZ.kbvvblZX^Zjbcb^ZmbYka[\]biZqX^j

j[bZxcYb^Xa=3e]abZaX`w ~XYZ `ab[\]bZ ih\]kb^Z Y[\]Z Xaabcj[^`YZ j[bZ 8bc_ha`bcZ jb^sb^wZ .b[kZ `bYkbc^ ^X\]i[kkX`Zmd{kb^ZY[blZjX{ZYb[^Z8hcYkh{Z^X\]ZAYkb^Z^dcZb[^bZt[^kbZ`bmbYb^ZmXcl jX{Z bcZ [^Z W[csa[\]sb[kZ zhc]XkkblZ Xd_Z 1imb`b^Z odiZ xdY`X^`Yvd^skZ Yb[^bc WX^jbcd^`Zodcr\sodsb]cb^wZWb^^ZY[bZY\]aXdZmXcb^lZ]Xkkb^ZY[bZau^`YZjbYZ6XabY WX\]vhYkb^ZXd_`bYkbaakwZ}cZmrcjbZj[bZxd`b^Zh__b^Z]Xakb^ZirYYb^w ~XYZybau^jbZmXcZh]^bZ.\]m[bc[`sb[kb^wZ}cZsXiZor`[`ZzhcX^Zd^jZ]XkkblZXaYZj[b .h^^bZ jb^Z |b^[kZ bccb[\]kblZ cd^jZ ob]^Z -[ahibkbcZ [^Z Yrja[\]bcZ q[\]kd^` odcr\s`bab`kwZA__b^fXcZmXcZbcZXiZ6X`ZodzhcZb[^Z.kr\sZ^X\]ZphcjmbYkZ`bcXkb^wZ}c ]XkkbZ^[\]kZjXi[kZ`bcb\]^bklZjX{ZbcZf[YZodcZ3e]abZYhZmb[kZmrcjbZ`b]b^ZirYYb^w }cZ _X^jZ b[^b^Z sab[^b^Z WXYYbcaXd_lZ jbcZ zh^Z jbcZ i[kZ jY\]d^`bau]^a[\]bi g_aX^ob^md\]YZfbjb\skb^ZAYk_aX^sbZjbYZ6XaYZ]bcXfY[\sbckblZkcX^sZd^jZzbcob]ckb jb^Z qbYkZ jbcZ 4bbcb^lZ j[bZ bcZ XiZ >hc`b^Z `bYXiibakZ ]XkkbwZ 0iZ .\]Xkkb^Z b[^bY 4XdibYlZjb^ZbcZodzhcZXaabcj[^`YZb[^`b]b^jZXd_Z3XciahY[`sb[kZ`bvcr_kZ]XkkblZa[b{ bcZY[\]Z^[bjbclZdiZodZcd]b^wZWb[kbcZ[iZ.rjb^ZY\][b^b^Zj[bZ6Xamu^jbZYkb[abclZjXY 6XaZYbafYkZY\]iXabcZodZmbcjb^wZ}YZfbY\]c[bfZb[^b^ZY\]Xc_b^Z-^[\sZ^X\]ZAYkb^w ~XYZ sXiZ []iZ `bab`b^lZ jb^^Z bcZ ]XkkbZ jb^Z }[^jcd\slZ bcZ fb_[^jbZ Y[\]Z Y\]h^Z b[^ .kr\sZ mb[kZ mbYka[\]Z jbYZ >bc[j[X^YlZ Xd_Z jbiZ j[bZ 3e]abZ aX`wZ ~bcZ g_aX^ob^md\]Y mdcjbZ [^Z jbcZ pu]bZ jbYZ -^[\sYZ Yvuca[\]bcwZ tbaYb^Z kcXkb^Z odkX`blZ fbYh^jbcYZ b[^ X\]kZ>bkbcZ]h]bcZ-hah{lZjbcZmb[kZ[^YZ6XaZ]bcb[^cX`kbw >b]cZXaYZomX^o[`Z>[^dkb^ZqXYkZ`e^^kbZ[]iZj[bZ[^^bcbZ1^cd]bZ^[\]kwZ}cZ^X]iZjb^ Wb`Zm[bjbcZd^kbcZj[bZtr{blZm[bZj[bZ6bccX^bcZYX`kb^wZ0^ZjbcZzX`b^Z3h__^d^`lZjb^ xjabcZ m[bjbcodYb]b^lZ fa[\skbZ bcZ odiZ 3[iibaZ ][^Xd_wZ ~XYZ 6[bcZ a[b{Z Y[\]Z ^[\]k Yb]b^wZ~X_rcZY\]hfb^ZY[\]Z]h\]`bYkX__bakbZWhasb^krcibZzhiZWbYkb^Z]bcZ]bcX^w ~[bZ.h^^bZYkX\]wZ-b[^Z:r_k\]b^Zfbmb`kbZY[\]wZ}cZmd{kbZj[bZ|b[\]b^ZodZjbdkb^w ~[bZ|b[kZjbYZiXsbaahYZY\]e^b^ZWbkkbcYZmXcZzhcrfbcwZ0c`b^jmX^^ZYvukbcZmrcjbZbc .\]dkoZzhcZb[^biZqb`b^`d{ZYd\]b^ZirYYb^wZ}cZ^u]bckbZY[\]ZjbiZ-^[\swZ}cZmXc [iibcZ ^h\]Z mX\]YXilZ XfbcZ [^Z W[csa[\]sb[kZ cb\]^bkbZ bcZ ^[\]kZ ib]cZ i[kZ b[^bi 3[^kbc]XakZ jbcZxcYb^Xa[Ykb^wZ 3[^kbcZ nbjbcZ -criid^`Z jbYZ 6XabYZ bcmXckbkbZ bclZ j[b .kbvvbZodZYb]b^wZ}cZsh^^kbZ^[\]kZib]cZmb[kZb^k_bc^kZYb[^w 1iZ YhZ Y\]mbcbcZ bcY\]rkkbckbZ jbcZ jch]b^jbZ -aX^`Z jbcZ ]Xckb^Z .k[iibZ Yb[^ .bafYkfbmd{kYb[^w ?~XYZ[YkZmb[kZ`b^d`lZxcsh^[jb@lZYX`kbZY[bw ;

~chfb^lZXd_ZjbiZX\]kZ>bkbcZ]h]b^ZtbaYsahkolZYkX^jZ-bc^bYYZ>X^^bYlZ jbcZ Y[\]Z XaYZ 3bccZ jbcZ :X`bZ _r]akwZ ~[b .k[c^f[^jbZ ]XkkbZ bcZ Xf`b^hiib^wZ .b[^Z jc[kkbYZxd`bZ `au^okbZ m[bZ b[^Z ]u{a[\]bY >XawZ ~[bZ ybYkbZ mXcZ zh^Z 4bjbdkd^`wZ ~XYZ xd`bZ zbcih\]kblZ Yb[^bZ d^]b[ia[\]b tu][`sb[kb^ZXd\]ZjX^^ZodZb^km[\sba^lZmb^^ZbYZzh^ZjbcZ4[^jbZfbjb\skZmXcwZ~X{ >X\]Z jb[^bc zbcsriibckb^Z.bbabZb[^ZabkokbYZ>XaZ:d_kwZ0^Zb[^ZvXXcZxd`b^fa[\sb^Z`[fkZbYZj[\] ^[\]kZib]cw@Z}YZcdivbakbZ[^ZjbcZtbc^bwZ~XYZybm[kkbcZoh`Z]bcX^wZtbc^bcZ~h^^bcl jb^ZbcZXdYZjbcZpu]bZ^[\]kZib]cZ]ecb^Zmrcjbw ?0^ZAcj^d^`lZ>
xkaX^ZY\]ah{Zj[bZxd`b^wZxfbcZjXYZ]Xa_Z^[\]kwZ~[bZxavkcudiblZj[bZ>dkX^kb^ _hcikbZ jb^Z >[kkbavd^skZ jbYZ 4[ajbYwZ -b[^bZ .bsd^jbZ aX^`Z YhaakbZ jbcZ 3[a_ahYb zbc`bYYb^Zjrc_b^lZjX{ZbYZ>[kZ jbiZ abkokb^Z qbYkZ _ha`bc[\]k[`bcZ ~b^s_u][`sb[k bcsX^^kbZjbcZxcsh^[jblZjX{ZbkmXYZ1^vaX^iu{[`bYZ`bY\]X]Z2ZbkmXYlZjXYZ^[\]kZ[^ >bkbc^ rfbccX`kZ]Xkkb^wZxfbcZj[bYiXalZ`aXdfkbZbclZfb_X^jZbcZY[\]Z^[\]kZ[^Zb[^biZWX]^wZ}c bcabfkbZj[bYbZ~[^`bZm[csa[\]w ~bcZ 8bcYkX^jZ bc][bakZ sb[^bZ ybab`b^]b[klZ Y[\]Z au^`bcZ i[kZ jbcZ xfmu`d^`Z jbY W[csa[\]b^Z `b`b^Z jXYZ 1^m[csa[\]bZ odZ fbY\]u_k[`b^wZ ~[bZ vY[h^[Y\]bZ 6hckdcZ mXc odz[baZ`bmbYb^wZ~XYZ4bmd{kYb[^ZbcahY\]w

45 EFGH IGJKLKMNOPFLKQH RFSTKGH UJVGLH VGH QKFGH WXJYH EQH XZJ[KH QFSXH VGH \FKH KFGK VM[N]UFQSXKH^XJ_HUKJKGH`KJTHKFGHaVVJHbVXGJOUKJHVcXVGUKGHLKT]NNKGH\VJKGY EJH MVIQSX[KH VIdNKJTQVNH IGUH KG[QSXFKU_H UVPH UKNH eKJOIQSXH TKFGKH cKUJ]XMFSXK fIVMF[O[HVGXVd[K[KYHgVGGHJFSX[K[KHKJHQFSXHVIdY EJH MVLH FGH KFGKJH TMKFGKGH hZXMKYH gKJH EFGLVGLH \VJH Q]H GFKUJFL_H UVPH KJH FXGH \]XM TJFKSXKGUHaVQQFKJ[HXVcKGHNIP[KYHiFSX[_HUVPHKJHQFSXHUVJVGHKJFGGKJ[HXO[[KYHEJHQajJ[K KFGKGH KFLKGVJ[FLKGH gJISTH VIdH UKGH kSXIM[KJGYH EJH Q[JKFd[KH UVQH hKNUH VcH IGUH QVX jcKJH UKNH kSXMjQQKMcKFGH djGdH TIJlK_H cJKF[KH k[JFKNKG_H VMQH XO[[KH KJH QFSXH UFKH hVI[ jKJcJVGG[YHgVQH0FMUH\VJHUVQHLMKFSXKHVIdHUKJHVGUKJKGHkKF[KYHRVQ[KGUHdIXJHKJHQFSX NF[H UKJH hVGUH jcKJH UKGH 1jSTKGH IGUH lIST[KH lIQVNNKG_H VMQH KJH FGH UFKH iOXKH UKQ kSXIM[KJcMV[[QHTVNYHEJHdjXM[KHkSX]Jd_HKFGLK[J]STGK[KQH0MI[YH`VQ_HlINHRKIdKM_H\VJ LKQSXKXKG2 0JISXQ[jSTKH UKJH EJFGGKJIGLH TKXJ[KGH lIJjSTYH gVQH RVM_H 3KJGKQQH 48M][[VQ aQF]GFQSXKH4VJ[KJYH48M][[VQHk[IJlYHgVQH3GV[[KJGHUKJHkSX\FGLKG_HUKJHeJFddHVGHUKG kSXIM[KJG_HUVQHeKdjXMHUKQH9MFKLKGQHYYY EJHQ[JKFd[KHQFSXHUVQHhKNUH\FKUKJHjcKJHUFKHkSXIM[KJGHIGUHTJ]SXHlINH:IQLVGLHUKJ hZXMKYH;]JHFXNHcJKF[K[KHQFSXH\FKHKFGH;]JaMV[lHKFGHTMKFGKQH9KMQaMV[KVIHVIQ_HUVQHVG KFGKNH `VMMH M]STKJH VIdLKQSXFSX[K[KJH k[KFGKH KGUK[KYH tcKJH UKGH `VMMH XFG\KLH LFGL UKJH0MFSTHFGHUFKH\]MTKGM]QKH0MOIKHUKQHhFNNKMQYHu:[MVGHKJFGGKJ[KHQFSXHUINadHVG KFGH XKJVGGVXKGUKQH eK\F[[KJYH EQH NIP[KH QFSXH FGl\FQSXKGH jKJl]LKGH XVcKGYvH EJ LK\VGGHUKGHEFGUJIST_HUVPHKJHQFSXHFGHcK[JOSX[MFSXKJHhZXKHcKdVGUYHgKJH0MFSTHGVSX XFG[KGHlKFL[KHFXNHKFGKHQ[KFMKH`VGU_HUFKHKGUM]QH\KF[HFGHUKGHhFNNKMHJVL[KY g]SXHUVQH\VJHKQHGFSX[_H\VQHQKFGKH:IdNKJTQVNTKF[HdKQQKM[KYH:IdHUKNH`VMMHQVPHKFG NOSX[FLKJH;]LKM_HKFGH:UMKJHNF[HQ[VXMLJVIKNHeKdFKUKJHwHxV_HTKFGHb\KFdKMyHEQH\VJ UKJQKMcKH:UMKJ_HUKGHKJHj]JHl\KFHRVLKGHFGHUKJHiOXKHUKJHhZXMKHLKQKXKGHXV[[KzHEJ KJTVGG[KHFXGH\FKUKJHVGHUKNH\KFPKGH9MKSTHIG[KJXVMcHUKJH3KXMKYHgVQHRFKJHN]SX[K b\KFUJF[[KMNK[KJHLJ]PHQKFG_HQKFGKH3ZJaKJMOGLKHcK[JILHLI[HKFGKGH4K[KJYHgFKH9OGLK \VJKGHIGLKNKFGHTJOd[FLHIGUHNF[HxKHQKSXQH3JVMMKGHVIQLKQ[V[[K[_HUFKHFGH9]JNLKcIGL IGUHk[OJTKHVGHUFKHQ[OXMKJGKGHeJKFd\KJTlKILKHj]GH`KJTJ]c][KJGHKJFGGKJ[KGY :NH cKKFGUJISTKGUQ[KGH VcKJH \VJKGH UFKH kSX\FGLKGH UKQH 1FKQKGj]LKMQYH EJH XV[[K KFGKGH9MjLKMHXVMcHVIQLKcJKF[K[_HIGUH\VJHUVcKF_HNF[HUKNHkSXGVcKMHUFKH9KUKJGHlI QOIcKJGYHEJHLFGLHUVcKFHOIPKJQ[HQ]JLdOM[FLHlIH`KJT_HTGFST[KHxKUKH9KUKJHKFGlKMGHVc IGUHKJlKIL[KHUVcKFHUVQH[FSTKGUKHeKJOIQSX_HVIdHUVQHUKJH:JT]GFUKHVIdNKJTQVN

LK\]JUKGH\VJYHgFKHkSX\FGLK_H]c\]XMHVGLK\FGTKM[_HcKQVPHKFGKH{OGLKHj]GHTGVaa l\KFH 4K[KJGYH xNH 9MILH NIP[KH UVQH RFKJH KFGKH kaVGG\KF[KH j]GH jcKJH jFKJH 4K[KJG KG[\FSTKMGY gKJH:UMKJHQSXKGT[KH:[MVGHlIGOSXQ[HTKFGKJMKFH0KVSX[IGLYHEJH\VJHNF[HUKJH1KFGFLIGL UKQHeKdFKUKJQHcKQSXOd[FL[_HIGUHUVQHXKMMKHRFSTKGH\VJHUVQHKFGlFLKHeKJOIQSXHFGHUKJ \VJNKGHk[FMMKHUKQHiVSXNF[[VLQYHgKJH:JT]GFUKHXV[[KHbKF[_HUVJjcKJHGVSXlIUKGTKG_ \FKHKJHXFKJXKJLKT]NNKGH\VJYHEJHKJFGGKJ[KHQFSXHVGHUFKHk[JFKNKGHVIdHUKGHkSXIM[KJG IGUH jKJLMFSXH FXJKH :cNKQQIGLKGH NF[H UKGKGH UKJH 3JVMMKGH UKQH NOSX[FLKGH RFKJKQY :MMNOXMFSXHUONNKJ[KHFXNHUVQH^GLMVIcMFSXKyHEJH\VJH[V[QOSXMFSXHLKdM]LKGHwHFGHUKG 3MVIKGHUKQH:UMKJQY :[MVGH TJ]SXH j]MMKGUQH IG[KJH UKJH GFKUJFLKGH hZXMKGZddGIGLH XKJj]JH IGUH JFSX[K[KH QFSX VIdYHyhK_HRFSTKJz_HQVL[KHKJY gKJH :UMKJH IG[KJcJVSXH QKFGKH 0KQSXOd[FLIGLYH :IdNKJTQVNH cKOIL[KH KJH UKG :JT]GFUKGYH y`KJH XV[H UFJH VIdLK[JVLKG_H NFJH lIH XKMdKG2zH gVQH :ILKH UKQH :UMKJQ MKISX[K[KH \VSXH IGUH FG[KMMFLKG[{H VcKJH \KGGH :[MVGH KJ\VJ[K[H XV[[K_H UFKH 1KFXKH UKJ `IGUKJHUVUIJSXHjKJj]MMQ[OGUFL[HlIHQKXKG_HUVPHKJHUVQHRFKJHQaJKSXKGHXZJ[K_HQ]HQVX KJH QFSXH KG[[OIQSX[YH gKJH :UMKJH \IP[K_H UVPH KJH VGLKQaJ]SXKGH \IJUKYH EJH lKFL[K TKFGKJMKFH9IJSX[Hj]JHUKNH`KQKG_HUVQHKJHNF[HQKFGKGH3MVIKGHIGUHUKJH3JVd[HQKFGKJ kSX\FGLKGH VIQH [ZUMFSXKJH eKdVXJH LKJK[[K[H XV[[KYH:cKJH UFKH 3IGQ[H UKQH kaJKSXKGQ cKXKJJQSX[KHKJHGFSX[YHy:MQ]HQSXZGz_HQVL[KH:[MVGYHy9VGLKGH\FJHKQHVGUKJQHVGYHxQ[ 3KJGKQQH48M][[VH[][H]UKJHGIJHcK\IP[M]Q2z 3KFGKH:G[\]J[Y y`KFP[HUI_H\]H\FJHXFKJHQFGU2HxSXHNKFGKHwH\FKH\KF[HFQ[HKQHj]GHXFKJHcFQHlIJHhZXMK UKQH:JQKGVMQ2z gKJH:UMKJH QVPH Q[VJJH \FKH KFGKH k[V[IKYH:[MVGH MFKPH JKQFLGFKJ[H UFKH kSXIM[KJGH QFGTKGY y4KFGHMFKcKJH9JKIGUHRFSTKJz_HQVL[KHKJYHyk]HT]NNKGH\FJHGFSX[H\KF[KJYHxSXHcFGHUFJHlI K\FLKNHgVGTHjKJadMFSX[K[YH:cKJH\KGGHFSXHXFKJH]cKGHjKJJ][[KGHQ]MM_HUVGGHXO[[KQ[HUI KcKGQ]LI[H48M][[VHQKFGH[JVIJFLKQH`KJTHj]MMKGUKGHMVQQKGHTZGGKGYz EJH[JV[HVGHUKGH`VMMHIGUHcMFST[KHjcKJHUFKHk[KFGKHXFG\KLHFGHUFKHRFKdKYHEJHQVXHKFGKHNF[ UjJd[FLKNH eKcjQSXH cKQ[VGUKGKH hVMUK_H UFKH QFSXH Q[KFMH FGH UFKH RFKdKH QKGT[KY b\KFXIGUKJ[H 4K[KJH IG[KJXVMcH UKJH hZXMKH MVLH KFGH RVM_H UVQH QFSXH UIJSXH JKFSXKG |dMVGlKG\ISXQH VIQlKFSXGK[KYH EQH \VJH j]GH cKUKI[KGUKJH {OGLKYH :[MVGH MFKPH UKG 0MFSTHj]GHJKSX[QHGVSXHMFGTQH\VGUKJGYHEJHQVXHVIdHIGUHQ[KMM[KHdKQ[_HUVPHUFKHk]GGK_ UFKHGIJHG]SXHKFGHaVVJH9FGLKJcJKF[HjcKJHUKNHh]JFl]G[HQ[VGU_HFXNHUFJKT[HFGQHeKQFSX[

QSXFKGYH{FGTQHVMQ]HMVLHkjUKGYHEJHd]ML[KHUKNH;KJMVIdHUKQHRVMKQHcFQHlIHUKJHk[KMMK_HVG UKJHKQHl\FQSXKGHl\KFHdMVSXKGHhjLKMGHFGHKFGKHEcKGKHNjGUK[KYHgFKHk[KaaKz gVQHRVMH\VJHjKJNI[MFSXHUVQQKMcK_HFGHUKNH48M][[VHFXNHVIdLKMVIKJ[HXV[[KYHgKJH3GFST NF[H UKNH X]XKGH 9KMQKGH NIP[KH FJLKGU\]H JKSX[QH MFKLKG_H VIPKJXVMcH UKQ 0MFSTTJKFQKQYHgFKHhVMUKHIG[KJXVMcHUKJHhZXMKH\FJT[KHLKdOXJMFSXHwHKFGHdVMQSXKJHRJF[[_ IGUHKJHNVSX[KHKFGKHkSXIPdVXJ[HLKJVUK\KLQHFGHUFKHhZMMKYH`KGGHKJHQFSXHVcKJHbKF[ GVXNH IGUH j]GH XFKJH ]cKGH VIQH UKGH `KLH FGH VMMKGH EFGlKMXKF[KGH lIJKSX[MKL[K_H j]G KFGKNH0IQSXHlINHVGUKJGHYYY EFGHjKJ[JVI[KQHeKJOIQSXHMFKPHFXGHVIdX]JSXKGYHgVQHkFGLKGHKFGKQH9KMU[JFKc\KJTQz EJHQVGTHXFG[KJHUKNHGFKUJFLKGHk[KFG\VMMHFGHQFSXHlIQVNNKGYHkKFGH0MFSTHQISX[KHUKG hFNNKMH VcYH gVQH QFGLKGUKH eKJOIQSXH \IJUKH MVI[KJYH :IQH UKGH :ILKG\FGTKMG LK\VXJ[KHKJHKFGKGHcIG[KGH0MF[l_HUKGH1KdMK}HUKJHk]GGKHFGHUKJHVIQH~KGQKF[QNV[KJFK cKQ[KXKGUKGHhjMMKHUKJH:1kEi:{~3Y `KF[H FNH kjUKG_H VNH 1VGUH UKJH k[KaaK_H QSX]cH QFSXH UVQH 1VINQSXFddH XFG[KJH UKG 0KJLKGHXKJj]JYHEQHLFGLHVIdHi]JUTIJQYHgFKH~VLUH\VJHG]SXHGFSX[HlIHEGUKYH:G[F€Ek LVcHGFSX[HVId_HcFQHKQHUKGHeKLGKJHjKJGFSX[K[H\IP[KY  {VGLQVN_HFGHUJKFXIGUKJ[H4K[KJGHhZXK_H[JFKcHUFKH:1kEi:{~3HVGHUKJH3K[[KHUKJ 0KJLKHKG[MVGLYHgKJH:JT]GFUKHMVLHFGHUKJHgKSTIGLHUKQHk[KFG\VMMQYH^G[KJHG]JNVMKG ^NQ[OGUKGHXO[[KHKJHj]GHUKJH3]JjK[[KHGFSX[QHlIHcKdjJSX[KGHLKXVc[YHgFKH[KSXGFQSXK k[VGUVJUVIQQ[V[[IGLH KFGKQH 9VXJlKILQH UFKQKJH :J[H \VJH GFSX[H FGH UKJH {VLK_H KFG EFGlKM\KQKGH FGNF[[KGH UKJH 0KJL\FMUGFQH VIQlIQaOXKGYH :cKJH N]SX[KH UKJH RKIdKM \FQQKG_H\FKjFKMHbIQV[lLKJO[HFGHUKJH:1kEi:{~3HFGQ[VMMFKJ[H\]JUKGH\VJ_HGVSXUKN :G[F€EkHQFKHFGHFXJKHgFKGQ[KHLKl\IGLKGHXV[[KY gKJH`FGU_HUKJHQ]HaMZ[lMFSXHVIdLKQaJIGLKGH\VJ_HXV[[KH]ddKGcVJHGFSX[HUFKH:cQFSX[_ QFSXH cVMUH \FKUKJH lIH cKJIXFLKGYH EJH Q[jJN[KH j]GH UKGH eFadKMGH XKJIG[KJ_H \FJcKM[K k[VIc\]MTKGHjcKJHUFKHhVMUKHIGUHl]LHjcKJHUFKHhjLKMHVIdHUKJHVGUKJKGHkKF[KHUKQ RVMKQH XFG\KLYH gIGQ[_H UKJH QFSXH VIQH T]GUKGQFKJKGUKJH {Id[dKISX[FLTKF[H cFMUK[K_ NVJTFKJ[KH QKFGKGH `KLYH gKJH `FGUH \VJH TVM[YH :[MVG_H UKNH j]JH TIJlKNH G]SXH UKJ kSX\KFPHVIdHUKJHk[FJGHLKQ[VGUKGHXV[[K_HdJZQ[KM[KYH;KJcMjdd[HQVXHKJ_H\FKHUKJHhFNNKM jcKJHUKNH\KQ[MFSXKGHRVMJVGUHQFSXHNF[H`]MTKGHlIHdjMMKGHcKLVGGYHk]HKFLKGVJ[FLH\VJ UKJH;]JLVGL_HUVPHKJHUFKH:1kEi:{~3HKFGHaVVJH:ILKGcMFSTKHMVGLHjZMMFLHjKJLVPY kSXV[[KGHdFKMHjcKJHUVQH{VGU_HVMQHQSX\KJK_HLJVIKH3INIMFHQFSXH\FKHNOSX[FLKHRjJNK FGH UFKH hZXKH JKST[KGYH i]SXH FNNKJH adFddH UKJH TVM[KH `FGUH FGH UKJH hZXK_H IGUH:[MVG cKLJFddH VMMNOXMFSX_H UVPH KJH NF[H UKJH KJQ[VIGMFSXKGH `]MTKGcFMUIGLH FGH KGLKN

bIQVNNKGXVGLHQ[VGUYHgFKHTVM[KH{Id[HUKJH0KJLLFadKMHQ]LHUFKH9KISX[FLTKF[HVIQHUKJ \VJNKGH:[N]QaXOJKH IGUH d]JN[KH QFKH lIH `]MTKGYH gFKH |X8QFTH UKQH ;]JLVGLQH \VJ jKJQ[OGUMFSX{H VcKJH \FKH KJH QFSXH NF[H UKJVJ[H aXVG[VQ[FQSXKJH eKQSX\FGUFLTKF[ j]MMlFKXKGH T]GG[KH wH IGUH \VQH UKGH k[IJNH VIQLKMZQ[H XV[[K_H UKJH j]GH UKGH eFadKMG XKJVcadFddHwHcMFKcHj]JMOIdFLHIGLKTMOJ[YHgFKHUIGTMKGH`]MTKGNVQQKGHcFMUK[KGHKFGK 0VJJFKJK_H UFKH QFSXH QSXJOLH jcKJH UVQH RVMH l]LYH kKF[H UKNH :Id[VISXKGH UKJ :1kEi:{~3H \VJKGH G]SXH TKFGKH djGdH 4FGI[KGH jKJLVGLKG_H UVH lIST[KH UKJH KJQ[K 0MF[lHUIJSXHUVQHdVXMKH{FSX[HUKQHaMZ[lMFSXHjKJUIGTKM[KGHiVSXNF[[VLQYH0JjMMKGUHJ]MM[K UKJHg]GGKJHUIJSXHUVQHRVMYHgFKH3]JjK[[KHXV[[KHIJQaJjGLMFSXHLKJVUK\KLQHVIdHUFK `]MTKGcVGTH lILKXVM[KGYH ~K[l[H OGUKJ[KH QFKH UKGH 3IJQH IGUH Q[FKLH FGH UFKH hZXK_H IN UVQH eK\F[[KJH lIH jcKJdMFKLKGYH kFKH jKJdjL[KH jcKJH k[VcFMFQV[]JKGH IGUH kSXFJNdKMUKJ_ NF[H UKGKGH QFKH UKJH RIJcIMKGlKGH FNH xGGKJGH UKJH eK\F[[KJl]GKH NjXKM]QH XO[[KH hKJJ \KJUKGH TZGGKGYH :cKJH UFKH RO[FLTKF[H LK\FQQKJH eKJO[KH \IJUKH UIJSXH KMKT[JFQSXK EG[MVUIGLHLKQ[ZJ[H]UKJHjKJdOMQSX[_HIGUHLKJVUKHVIdHUFKH4KQQIGLKGHUFKQKJHeKJO[K QSXFKGHKQHUKJH0KQV[lIGLHUKQHTMKFGKGH1VINQSXFddQHVGlIT]NNKGYH:GUKJQHT]GG[K :[MVGHQFSXHUVQH;KJXVM[KGHUKJH3]JjK[[KHGFSX[HKJTMOJKGY kFKH \IJUKH lIH KFGKNH cKUKI[KGUKGH ^N\KLH LKl\IGLKGYH gFKH `]MTKG_H VIQLKMZQ[ UIJSXH UKGH IGVcMOQQFLH dVISXKGUKGH k[IJN_H XV[[KGH QFSXH cFQH lIH KFGKJH hZXKH j]G NKXJKJKGH 3FM]NK[KJGH VIdLK[jJN[YH ^GVIdXZJMFSXH lIST[KGH 0MF[lK_H IGIG[KJcJ]SXKG J]MM[KHUKJHg]GGKJHUIJSXHUVQHRVMYHgFKH:1kEi:{~3H\VJHFGl\FQSXKGHVIdHKFGKHhZXK j]GH QKSXQ[VIQKGUH 4K[KJGH LKQ[FKLKGYH :[MVGH XFKM[H KQH GFSX[H NKXJH XFG[KJH QKFGKJ gKSTIGLYHh]SXHVIdLKJFSX[K[HjKJd]ML[KHKJHUVQHR]cKGHUKQH^G\K[[KJQHIGUHUKGH9MIL UKQH 1VINQSXFddQYH:IQH UFKQKJH EG[dKJGIGLH T]GG[KH XZSXQ[KGQH KFGH IGQKMFLKJH bIdVMM cK\FJTKG_HUVPHKJHj]GHUKGHkISXLKJO[KGHUKJH:1kEi:{~3HVIQLKNVSX[H\IJUKHw IGVcXOGLFLHUVj]G_H\FKjFKMHlIQO[lMFSXKHRKSXGFTH:G[F€EkHVGH0]JUHXV[[KHFGQ[VMMFKJKG MVQQKGY 4FGI[KGHjKJQ[JFSXKGYHgFKH3]JjK[[KHLMF[[H\KF[KJHGVSXHi]JUKG_H\IJUKHlINHLMF[lKJGUKG |IGT[HIGUHjKJQSX\VGUHQSXMFKPMFSXHFGHUKJH`KF[KHUKQH9FJNVNKG[QYHxGl\FQSXKGHXV[[K UKJHk[IJNHQFSXHcKJIXFL[YHgFKHbIdIXJHTVM[KJH{Id[HXZJ[KHVId_HIGUHUFKHQFGTKGUKHk]GGK KJ\OJN[KH NF[H MK[l[KJH 3JVd[H UFKH LJVIKGH `]MTKG[jJNK_H cFQH QFKH QFSXH VIdlIMZQKG cKLVGGKGYH:IQHUKNHRVMHUJVGLHUKJHgId[Hj]NH1KLKGHUIJSXGOP[KJH|dMVGlKGHXKJVIdY gKJH MK[l[KH 0MF[lQ[JVXMH \VJH jKJlIST[_H UKQH g]GGKJQH MK[l[KJH RJ]NNKM\FJcKMH FGH UKJ 9KJGKHjKJJ]MM[YHgFKHiV[IJH\VJH\FKUKJHJIXFLY gFKHLVGlKHbKF[HjcKJHXV[[KHRFSTKJ_HUKJH:UMKJ_HQFSXHGFSX[HLKJjXJ[YHEQH\VJHFXNHGFSX[ VGlIQKXKG_H ]cH KJH UFKH 0KUKI[IGLH UKQH IGLK\ZXGMFSXKGH eKQSXKXKGQH cKLJFddYH 9jJ :[MVGHcKQ[VGUHTKFGHb\KFdKMHUVJVG_HUVPHUFKHdJKNUKHIGUHLKXKFNGFQj]MMKH4VSX[_HUKJ KJHUFKH1K[[IGLHUIJSXHRFSTKJHjKJUVGT[K_HKFGHl\KF[KQH4VMHKFGLKLJFddKGHXV[[K_HINHFXG

j]JHUKJHEG[UKSTIGLHUIJSXHUFKH:1kEi:{~3HlIHcK\VXJKGYHhFKJH\VJHKFGKH3JVd[ VNH`KJT_HUFKHUFKHiV[IJHQKMcQ[HdjJHFXJKHb\KSTKHKFGQaVGG[KY :cKJHKQHMVLHKFGHLK\FQQKJH4VGLKMHVGH3]GLJIKGlHFNH;KJXVM[KGHUKQH^GcKTVGG[KGY EJHNKFQ[KJ[KHQaFKMKJFQSXHUFKHLK\VM[FLKGHEGKJLFKG_HUFKHUKJHiV[IJHFGGK\]XG[KG_HIGU T]NNVGUFKJ[KHRFKJKHwHKFGHRFKJ_HjKJcKQQKJ[KHQFSXH:[MVGHwH\FKHKFGH4KFQ[KJU]Na[KIJY gFKH9OXFLTKF[KGHUKJH:1kEi:{~3HxKU]SXHXV[[KHKJHLOGlMFSXHdVMQSXHKFGLKQSXO[l[Y gVQHeK\F[[KJH\VJHFGQlKGFKJ[H\]JUKG_HINHUFKH3]JjK[[KHlIHjKJxVLKGYHgKJH9JKNUK jKJQ[VGUHGFSX[_HUVPH1VINQSXFddKHUFKQKJH:J[HUVlIHLKNVSX[H\VJKG_HUKGHJKFPKGUKG WJTVGKGHUKJHLJ]PKGH`VQQKJQ[]dd€HIGUH4K[XVG€|MVGK[KGHlIH\FUKJQ[KXKG_HUFKHcKF gJjSTKGH j]GH K[MFSXKGH [VIQKGUH :[N]QaXOJKGH NF[H eKQSX\FGUFLTKF[KGH j]GH jcKJ ‚ƒƒƒHTN„XHUVXFGJVQ[KGYHEFGHXKJTZNNMFSXKQHeK\F[[KJ_HVIdH\FKHFNa]QVG[KH`KFQK KQHVISXHXKJcKFLKdjXJ[HQKFGHN]SX[K_HGZ[FL[KHUKNH3]NNVGUVG[KGHKFGKJH3]JjK[[K IG[KJHG]JNVMKGH^NQ[OGUKGHXZSXQ[KGQHKFGHNjUKQH{OSXKMGHVcYHyRFSTKJz_H\VGU[K QFSXH UKJH:JT]GFUKH VGH UKGH:UMKJ_H y\KGGH \FJH \KF[KJH \FJTQVNH lIQVNNKGVJcKF[KG \]MMKG_HNIPHFSXHNFSXHNF[HUKNH`KQKGHIG[KJXVM[KG_HUVQHUFSXHLKQSXFST[HXV[YzHgVQ NOSX[FLKHRFKJHQSXj[[KM[KHQFSXYH:IdHUKJH3J]GKHUKQH`VMMQHQ[KMM[KHKQHQFSXHFGH|]QF[IJY gFKHJFKQFLKGHkSX\FGLKGHKG[dVM[K[KGHQFSXYHEFGH\ISX[FLKJHk[]PHUKJHTJOd[FLKGH9OGLK_ IGUH UKJH :UMKJH QSX]PH \FKH j]NH 3V[VaIM[H LKQSXGKMM[H FGH UFKH hZXKYH 4F[H KFGH aVVJ NjXKM]QKG_HdVQ[HLKMVGL\KFM[H\FJTKGUKGH9MjLKMQSXMOLKGHNVGZjJFKJ[KHKJHQFSXHFGHKFGK RXKJNFT_HUFKHVGHUKJH0KJL\VGUHKG[MVGLHKNa]JQ[FKLYHEFGKH4FGI[KHQaO[KJH\VJHKJHGIJ G]SXHKFGH\FGlFLKJH9MKSTHFNHJVQSXHUIGTMKJH\KJUKGUKGH:cKGUXFNNKMYHy4KFGHe][[z_ NIJNKM[KH:[MVGYHyk]HUJFGLKGUH\VJHKQHGIGHVISXH\FKUKJHGFSX[Yz  gVQH MK[l[KH {FSX[H UKQH QSXKFUKGUKGH RVLKQH XV[[KH UKJH :JT]GFUKH cKGj[l[_H INH QFSX KFGKGH`KLHjcKJHUFKHhVMUKHXFGVcHlIJKSX[lIMKLKGYHk]JLQVNHaJOL[KHKJHQFSXHxKUKG 0IQSX_H xKUKGH k[JVISXH KFG_H VGH UKNH KJH IG[KJ\KLQH hVM[H lIH dFGUKGH LKUVSX[KYH gVQ 0FMU_H UVQH QSXMFKPMFSXH KG[Q[VGU_H jKJ[JVI[KH KJH QKFGKNH eKUOSX[GFQH VG_H VIdH UKQQKG aX][]LJVaXFQSXKH EddFlFKGlH KJH QFSXH jKJMVQQKGH T]GG[KYH :MMKJUFGLQH \jJUKH KJH UKG :IdcJISXHINH\KGFLQ[KGQHlKXGHk[IGUKGHVIdQSXFKcKGHNjQQKGYHgFKHhVMUKH\VJHcKF RVLHQSX]GHXVMQcJKSXKJFQSXKQHeKMOGUKYHiIJHKFGHkKMcQ[NZJUKJH\jJUKHFGHUKJHiVSX[ VIdH FXJH XKJINTMK[[KJGH \]MMKGYH gFKH QKM[QVNKGH EJKFLGFQQKH UKQH jKJLVGLKGKG iVSXNF[[VLQH LFGLKGH FXNH GFSX[H VIQH UKNH kFGGYH `KQQKGH eKc][H d]ML[KH UKJH:UMKJ2 `KJH \VJH djJH UVQH IGKJ\VJ[K[KH eK\F[[KJH jKJVG[\]J[MFSX2H EFGKH EJFGGKJIGLH UJOGL[K QFSXHFXNHVIdYH`OXJKGUHQKFGKJHlVXMM]QKGH9VXJ[KGHUIJSXHUFKH`KF[KHUKQH^GFjKJQINQ \VJHKJHUKQHZd[KJKGHQKM[QVNKG_HIGLK\ZXGMFSXKGH9]JNKGHUKJHxG[KMMFLKGlHcKLKLGK[Y `KQKG_H UFKH VMQH xGUFjFUIKGH XVJNM]QKH RFKJKH ]UKJH |dMVGlKGH \VJKG_H FGH UKJ eKNKFGQSXVd[H xKU]SXH M]LFQSXKH IGUH XVGUMIGLQdOXFLKH xG[KMMFLKGlH KG[\FSTKM[KG_

\VJKGHTKFGKHkKM[KGXKF[YHEJH\VJHVIdH`KM[KGHLKMVGUK[_HVIdHUKGKGHLVGlKH{VGUQ[JFSXK VIdLJIGUH LK\FQQKJH eJIaaFKJIGLKGH NFGKJVMFQSXKJH IGUH ]JLVGFQSXKJH kIcQ[VGlKG_ UFKH VIQH KFGKJH {VIGKH UKJH iV[IJH KG[Q[VGUKGH \OJK_H xG[KMMFLKGlH cKQVPKGYH EJH XV[[K FG[KMMFLKG[KH |MVGK[KGH KJMKc[H wH `KM[KG_H UFKH VMQH eVGlKQH KFGH xG[KMMFLKGl\KQKG jKJTZJaKJ[KGYH{VLHXFKJHKFGHOXGMFSXKJH9VMMHj]J2H`KGGHxVHwHIGUH\KGGHUFKQKH`KM[HVIQ KFGKNHeJIGU_HUKGHKJHGFSX[HlIHKJJV[KGHjKJN]SX[K_H[V[QOSXMFSXHcKJKF[H\VJ_HFXNHLKLKG UVQH:JQKGVMH cKFlIQ[KXKG_H UVGGH \jJUKH QFKH cKFlKF[KGH jKJQISXKG_H QFSXH NF[H FXNH lI jKJQ[OGUFLKGY iFSX[H lIH \KF[H j]JaJKQSXKG_H \VJG[KH UKJH E}[JVQFGGYH 4F[H KFGKJH j]MMH VIQLKcFMUK[KG xG[KMMFLKGlHlIHJKSXGKG_HKJQSXKFG[HNFJHj]JKFMFLYH;KJLFPHGFSX[_H\]HUIHcFQ[Y y`]HcFGHFSX2zHdJVL[KH:[MVGHjKJ\IGUKJ[YHxGHUKJHeVMV}FQH0VJQ€…€0VJQ_HKFGKJHTjGQ[MFSX XKJcKFLKdjXJ[KGH3]NcFGV[F]GHUKJHxGUFjFUIVMLVMV}FKGH9VJ8G[HIGUH0VJQY y1FSX[FLz_H KG[LKLGK[KH UKJH :JT]GFUKH LJFNNFLYH y^GUH GFKNVGUH \KFP_H ]cH UKJ :JQKGVMaMVGK[HlIH0VJQH]UKJHlIH9VJ8G[HLKXZJ[YzHgVQHKcKGHQ]MM[KQ[HUIHcKUKGTKG_ QSXM]PHUKJHE}[JVQFGGHUFKHTIJlKHgFQTIQQF]GY :[MVGH LMVIc[KH lIH \FQQKG_H \]JVIdH KJH XFGVIQH \]MM[KYH 9VJ8G[H IGUH 0VJQH \VJKG k[KJGKGFGQKMGHcKQ]GUKJKJH:J[YHkFKHMKc[KGHcKFUKHFGH:QQ]lFV[F]GHNF[HEFGlKM\KQKG_ ]UKJHjFKMMKFSX[HQ]MM[KHNVGHcKQQKJHQVLKGyHkFKHcKQVPKGHxGTVJGV[F]GKG_HUFKHUFKH9]JN j]GH EFGlKM\KQKGH VGGVXNKGYH tcKJH UFKQKH `KQKGH \VJH GFSX[H jFKMH cKTVGG[YH kFK LKFQ[KJ[KGHUIJSXHUFKH{KLKGUKGHIGUHkVLKG_HUIJSXHUFKHJKMFLFZQKGHeMVIcKGQ[XKQKG UKJH;ZMTKJHcKFUKJHeVMV}FKGYH9jJH0VJQH\VJHR8VJHlIQ[OGUFL_H]ddKGcVJHKFGHeKQSXZad XZSXQ[KJHxG[KMMFLKGl_HUKJHkSXZadKJHR8VJFQ_HUFKHKJHVIQLKQVGU[HXV[[K_HhFMdKHlIHX]MKGY gFKH xGTVJGV[F]GH 9VJ8G[QH \VJH |JKllVJ_H INH UKGH QFSXH UKJH KFLKGVJ[FLKH 3IM[H UKJ |JKllVJ€EJXVM[KJH LKcFMUK[H XV[[KYH xNH bIQVNNKGXVGLH NF[H |JKllVJH \IJUKH GFKH j]G xG[KMMFLKGl_H \]XMH VcKJH j]GH KFGKNH jcKJJVLKGUKG_H cFQH lIH NV}FNVMKJH kKGQF[FjF[O[ KG[\FSTKM[KGH xGQ[FGT[H LKQaJ]SXKGYH |JKllVJH NIP[K_H \KGGH NVGH UKJH tcKJMFKdKJIGL LMVIcKGH\]MM[K_HKFGKHGKIK_HcFQXKJHIGcKTVGG[KH:J[Hj]GH`KQKGHQKFG_HKFGHkIaKJ[FKJ_ \FKHkaZ[[KJHVGH0]JUHUKJHkW{HKQHVIQLKUJjST[HXV[[KGHwHKFGKJ_HUKJHEJQ[VIGMFSXKQHlI MKFQ[KGHjKJN]SX[K_H]c\]XMHKJHUFKH9OXFLTKF[HM]LFQSXKGHgKGTKGQHGFSX[HcKQVPY gVQH \VJH KQ_H \VQH UKJH E}[JVQFGGH VGUKI[KGH \]MM[KYH `KGGH UKJH :JQKGVMaMVGK[H lI 9VJ8G[H LKXZJ[KH IGUH NF[XFGH j]GH UKJH LKFQ[FLKGH kIcQ[VGlH |JKllVJQH ycKQKKM[zH \VJ_ UVGGH UIJd[KH NF[H KFGKJH xG[KMMFLKGlH UKJH iV[IJH ]UKJH UKQH |MVGK[KGH GFSX[H LKJKSXGK[ \KJUKGYHEFGKHVIdHUKNHxGQ[FGT[HcVQFKJKGUKH4VSX[H\OJKHKQHFGHUFKQKNH9VMM_HUFKHUKN :JT]GFUKGHFGHQKFGKJHi][HcKFlIQ[KXKGHjKJQISX[KY gVQH NVSX[KH UFKH kVSXKH QSX\FKJFLKJYH `FKH Q]MM[KH KJ_H UKJH NF[H l\KF

;KJQ[VGUKQQaXOJKGH VIQLKQ[V[[K[KH {]LFTKJ_H QKFGKH hVGUMIGLKGH NF[H UKGKGH KFGKQ xGQ[FGT[\KQKGQH T]]JUFGFKJKG2H `FKH Q]MM[KH KQH xKH lIH KFGKJH ;KJQ[OGUFLIGLH T]NNKG TZGGKG2 kSX\FGLKGHJVIQSX[KGHUIJSXHUFKHiVSX[YHEFGHkSXV[[KGHXIQSX[KHjcKJHUVQH4KKJHUKJ k[KJGKYH3JOd[FLKH9MjLKMHTMV[QSX[KGYHkKTIGUKGHQaO[KJHMVGUK[KHRFSTKJ_HUKJH:UMKJ_HVId UKJH 3J]GKH UKQH k[KFG\VMMQYH kKFGH TJOd[FLKJ_H l\VGlFLH bKG[FNK[KJH MVGLKJH kSXGVcKM [JILHKFGHINdVGLJKFSXKQH0jGUKMYHRFSTKJHGKFL[KHQFSXHGVSXHj]JGKHIGUHMFKPHKQHVIdHUKG 0]UKGHdVMMKGY :[MVGH \VJdH UKGH ^NQSXMVLH cKFQKF[KH IGUH Q[VJJ[KH UKGH xGXVM[H UKQH 0jGUKMQH VGYH gVQ {FSX[HUKJHk[KJGKHJKFSX[HVIQ_HFXGHxKUKQHUKJHlVXMJKFSXKGHWcxKT[KHUKI[MFSXHKJTKGGKG lIHMVQQKGYHyRFSTKJ_HUIHcFQ[HKFGHeKGFKHYYYz_HNIJNKM[KHKJHdVQQIGLQM]QY  gFKH|OSTSXKGH[JILKGHcjJ]TJV[FQSXKH:IdQSXJFd[KGY Q]MHUKa[HM]LFQ[HUFjHGI[JHS]GSHQ]MHS]GQHcKdH‚…„†‚3]GlKG[JV[Q[VGLKG_HNF[HVGUKJKGH`]J[KG_HG]SXHLI[KHQFKcKGH~VXJKHMVGLHXVM[cVJYHEJ KJcJVSXHUVQHkFKLKM_Hl]LHKFGKHUKJHk[VGLKGHXKJj]JHIGUHjKJlKXJ[KHQFKHNF[HeKGIPY EFGH 9MK}FTVGFQ[KJH KG[XFKM[H LKGILH `VQQKJH djJH djGdH VIQLFKcFLKH k[FMMIGLKGH UKQ gIJQ[KQYHiIJHdjGd2H:ISXHUKJH;]JJV[HVGH3]GlKG[JV[Q[VGLKGHQSXFKG_H\KGGHNVGHUFK {VLKHUKQH:JT]GFUKGHcKUVSX[KHKXKJHUjJd[FLYH4VGLKMHVGH^NQFSX[Hj]GHQKF[KGHUKQ :UMKJQH ]UKJH wH 0KJKSXGIGL2H :[MVGH [Faa[KH VIdH UVQH MK[l[KJKYH gVQH XFGLH NF[H UKN LJ]PKGH|VTK[HlIQVNNKG_HUVQHKJHFGHUKNH0jGUKMHLKdIGUKGHXV[[KY gVQH|VTK[HKG[XFKM[Hl\KFHgFGLKyHKFGKHk[VGUVJU€0]JUN]G[IJHUKJHkW{_HMFGULJjGHIGU aJKPdJFQSX_H]ddKGcVJHG]SXHGFKHLK[JVLKG_HKFGHUJFGLKGUHcKGZ[FL[KJHEJQV[lHdjJH:[MVGQ JVNa]GFKJ[KH 3MKFUIGLH wH IGUH KFGKGH NF[H RJVGQa]J[dOXFLTKF[H IGUH `VddKG VIQLKQ[V[[K[KGH1VINQSXI[lVGlILY gFKH9JKIUKHjcKJHUFKHIGKJ\VJ[K[KGHeKQSXKGTKH\VJHQ]HLJ]P_HUVPHKJHKJQ[HNKXJKJK 4FGI[KGH QaO[KJH UVlIH TVN_H QFSXH lIH \IGUKJGYH `IGUKJGH VcKJH NIP[KH NVGH QFSXH FG KFGKNH:ILKGcMFSTH\FKHUFKQKNHLK\FPYH`FKHXV[[KHUKJH:UMKJH\FQQKGHTZGGKG_H\VQ :[MVGH cJVISX[K2H kKFGKH RJVLdOXFLTKF[H \VJH [J][lH QKFGKJH cKVSX[MFSXKGH 3JOd[K cKLJKGl[yH `FKH XV[[KH KJH IG[KJH VMMH UKGH eKLKGQ[OGUKG_H UFKH UKJH :JT]GFUKH FGH UKJ xK[lFLKGH{VLKHVMQHGj[lMFSXHKNadIGUKGHXO[[K_HVIQLKJKSXGK[HUKGH|J]jFVG[HIGUHUFK cKFUKGH 4]G[IJKGH VIQLK\OXM[2H ^GUH j]JH VMMKGH gFGLKGyH `]XKJH XV[[KH KJH LK\IP[_ \]XFGHKJHQFSXH\KGUKGHNIP[K_HINHUVQHeK\jGQSX[KHlIHcKQSXVddKG2H|J]jFVG[HIGU

:GljLKHQ[VNN[KGH]ddKGcVJHVIQHUKJH:1kEi:{~3YH0KUKI[K[KHUVQ_HUVPHRFSTKJHFN xGGKJGHUKQHkSXFddKQHLK\KQKGH\VJ2 gKJHE}[JVQFGGHNKMUK[KHQFSXHGFSX[YH:ISXHKJH\IP[KHTKFGKH:G[\]J[KGHVIdHUFKH9JVLKG_ UFKH UVQH |][KG[FVMH cKQVPKG_H KFGH \KGFLKJH VIQLKLMFSXKGKQH `KQKGH VMQH:[MVGH lIN `VXGQFGGHlIH[JKFcKGYH`KGGHUKJH:JT]GFUKHUFKHxG[KLJF[O[HQKFGKQH;KJQ[VGUKQH\VXJKG \]MM[K_H UVGGH NIP[KH KJ_H Q]MVGLKH UKJH :UMKJH GFSX[H lIH QaJKSXKGH cKLVGGH IGUH UKJ ^GcKTVGG[KHFNHhFG[KJLJIGUHQFSXHGFSX[HNKMUK[K_HVGHKFGH`IGUKJHLMVIcKGYHEG[\KUKJ VGH KFGH `IGUKJH wH ]UKJH UVJVG_H UVPH RFSTKJH [KMKaV[XFQSXKH 9OXFLTKF[KGH cKQVPYH xG :[MVGQHeKUVGTKGH\VJKGHUFKHxGd]JNV[F]GKGHj]JXVGUKG_HUFKHlIJH:IQ\VXMHIGUHlIN :IddFGUKGHUKJHeKLKGQ[OGUKHcKGZ[FL[H\IJUKGYHEJHXV[[KH\OXJKGUHUKJHjKJLVGLKGKG k[IGUKGH]d[_H\KGGHVISXHGIJHdMjSX[FL_HUVJjcKJHGVSXLKUVSX[_H\KMSXKHkSXJF[[KHKJHVMQ GOSXQ[KHIG[KJGKXNKGHQ]MMKYH`KGGHRFSTKJHFGHQKFGKNH0K\IP[QKFGHLKMKQKGHXV[[KHYYY `VQH FQ[H UKJH ^G[KJQSXFKUH l\FQSXKGH KFGKNH `IGUKJH IGUH KFGKNH [KMKaV[XFQSXKG :UMKJ2H EJH LVcH VIdYH EQH XV[[KH TKFGKGH b\KST_H UVPH KJH QFSXH UKGH 3]adH jcKJH gFGLK lKJcJVSX_H UFKH 4KGQSXKGjKJQ[VGUH GFSX[H lIH KG[JO[QKMGH jKJN]SX[KYH EQH LVc `FSX[FLKJKQHlIHcKUKGTKGY gFKHLVGlKHbKF[HjcKJ_HVMQHKJHQ]lIQVLKGHFNHMKKJKGH1VINHaMVG[KHIGUHTKFGKHh]ddGIGL XV[[K_HQKFGKH|MOGKHxKHjKJ\FJTMFSXKGHlIHTZGGKG_H\VJHFXNHj]JLKQSX\Kc[_HUVPHKJHVMQ KJQ[KQHR8VJFHJK[[KGHNjQQKYH^NHQFKHUJKX[KHQFSXHQKFGHLVGlKQHgKGTKGHIGUHkKXGKGY R8VJFHJK[[KGHIGUHQFKHFJLKGU\]XFGHjKJQSXMKaaKG_H\]HQFKHUKNHNKG[VMKGH0VGGHUKJ |KGK[JVGlH GFSX[H NKXJH IG[KJMVLYH gVQH \jJUKH QKFGH KJQ[KJH kSXJF[[H QKFGYH ~K[l[_H UVH KJ QFSXH FGH UFKH {VLKH jKJQK[l[H QVX_H UVQH eKaMVG[KH VIQlIdjXJKG_H KJQSXFKGKGH FXNH UFK |JF]JF[O[KGHVGUKJQYHeK\FP_HR8VJFHNIP[KHcKdJKF[H\KJUKGYH:cKJHKcKGQ]HjKJUFKG[KG 48M][[V_HkVGG8_H3FT_HUFKH0KQV[lIGLHUKJH3]JjK[[KHIGUH\KJHUVHQ]GQ[HG]SXH\VJHUFK EJMZQIGLHj]NH0VGGHUKJH|KGK[JVGlYH`FSX[FLH\VJHj]JHVMMKGHgFGLKG_H;KJcFGUIGLHNF[ UKJH kW{H XKJlIQ[KMMKGYH gVQH LFGLH GIJH NF[H hFMdKH UKQH kKGUKJQH VGH 0]JUH UKJ :1kEi:{~3YHkKFGHj]JUJFGLMFSXQ[KQH0KNjXKGHNIP[KHVMQ]HQKFG_HUVQHkSXFddHIG[KJ QKFGKH 3]G[J]MMKH lIH cJFGLKGYH :MMKQH VGUKJKH \jJUKH QFSXH UVJVIdXFGH dVQ[H j]GH QKMcQ[ KJLKcKGYH:MQHKJHQFSXHQV[[LKLKQQKGHIGUH€LK[JIGTKGHXV[[K_HTMKFUK[KHKJHQFSXHVGYHEQ \VJHKFGHLI[KQHeKdjXM_HUFKHj]GHUKGH^GcFMUKGHUKJHiV[IJHlKJQSXMFQQKGKGH3MVN][[KG M]QlI\KJUKGH IGUH dJFQSXKG_H QVIcKJKGH k[]ddH VIdH UKJH hVI[H lIH QajJKGYH EJH MKL[KH UFK 1VINQSXI[lN]G[IJH VG_H jKJlFSX[K[KH xKU]SXH j]JMOIdFLH UVJVId_H UKGH hKMNH lI QSXMFKPKGYH EJH jcKJaJjd[KH UFKH `VddKG_H 0MVQ[KJH IGUH |VJVM8QV[]J_H IGUH dVGUH QFK KFGQV[lcKJKF[YH EFGH TIJlKJH RKQ[H UKQH eJVj]€eKJO[QH jKJMFKdH lIdJFKUKGQ[KMMKGUYH EJ LMVIc[K_H tcKJJVQSXIGLH FGH RFSTKJQH LKMcKGH :ILKGH lIH QKXKG_H VMQH KJH j]NH 0]UKG VcX]cHIGUHVGHUKJH0KJL\VGUHKG[MVGLHKFGHk[jSTHFGHUFKHhZXKHQSX\Kc[KY

yxSXHNVSXKHNFSXHxK[l[HVIdHUKGH`KLHlIJH:JQKGVM€hZXMK_HNKFGH9JKIGUz_HQaJVSXHKJ lIH UKNH RFKJYH ygFKH eZ[[KJH :JT]GQH \FQQKGH KQyH xSXH TZGG[KH UKFGKH hFMdKH LI[ LKcJVISXKGYH:cKJHFSXH\KFPHGFSX[H\VGG_H\]HIGUHFGH\KMSXKJH9]JNYHgVQHNIPHQFSX VIQHUKNH:ILKGcMFSTHKJLKcKGYHgVHUIHNFSXHGFSX[HjKJQ[KXKGHTVGGQ[HIGUHFSXHGFSX[ \KFP_H\VQHFGHUKFGKNHkSXOUKMHj]JLKX[_HcMKFc[HIGQHGFSX[QHVGUKJKQHjcJFL_HVMQHVIdHUVQ kSXMFNNQ[KH LKdVP[H lIH QKFGH IGUH UVQH 0KQ[KH lIH X]ddKGYH WUKJH VIdH KFGH `IGUKJH lI \VJ[KGYHEQH\OJK_HcKFHe][[_HGFSX[HUVQHKJQ[KHVGHUFKQKNHjKJJjST[KGHRVLYz RFSTKJHJKVLFKJ[KHGFSX[YH:[MVGHXV[[KHKQHGFSX[HVGUKJQHKJ\VJ[K[YHEJHQSX\VGLHQFSXHVId UKGH k[KFG\VMMH IGUH VT[FjFKJ[KH UVQH eJVj]€eKJO[YH xNH kSXI[lH UKQH TjGQ[MFSXKG kSX\KJKdKMUQHMKXG[KHKJHQFSXHGVSXHj]JGKHIGUH[JFKcHUIJSXHUFKHgIGTKMXKF[HUVj]GY  kFKH \VJKGH VMMKH FGH UKJH hZXMKH jKJQVNNKM[H wH cFQH VIdH UJKF_H UFKH VGH 0]JUH UKJ :1kEi:{~3H `VSXKH lIH XVM[KGH XV[[KGYH :G[F€EkH \]MM[KH KQH Q]YH gFKH LKQVN[K 0KQV[lIGLHVIQHUKNHkSXFddHVclIlFKXKG_HXO[[KHjKJUOSX[FLHKJQSXKFGKGHNjQQKGYH:G[F€ EkH QaJVSXH UIJSXH UFKH |KGK[JVGl_H UKJKGH QVN[KGKH 3ZJaKJXjMMKH FGH kSXVIKJGH VIQ 0MVI_HxGUFL]HIGUH;F]MK[[HLMOGl[KYHgFKH4KG[VMQ[FNNKHUKQHKFLKGVJ[FLKGHeKQSXZadQ UJVGLHNjXKM]QHFGHUFKH0K\IP[QKFGKHUKJHbIXZJKJY y`FJHXVcKGHKQHNF[HKFGKJHNKJT\jJUFLKGHIGUHLKdOXJMFSXKGH3]GQ[KMMV[F]GHlIH[IGYHgKJ :JT]GFUKHFQ[HGFSX[HNKXJHVMMKFGYHEJHXV[HhFMdKHKJXVM[KGYH:IdHUKGHKJQ[KGH0MFSTHQSXKFG[ KQ_HVMQHQKFHKQHGIJHKFGHLJ]PKJH;]LKM_HUKJHQFSXHVIdLJIGUHQKFGKQHxGQ[FGT[QH]UKJHVIQ Q]GQ[HKFGKNH4][FjHXKJVIQHQKFGKJHVGLKG]NNKGHXV[YH:cKJHUKJHkSXKFGH[JjL[Yz :MMKHjKJXFKM[KGHQFSXHJIXFLYHiIJHFGH3KJGKQQH48M][[VQHeKQFSX[HlIST[KHKQ_HVMQHKJHQFSX UKJHkSXNKJlKGHKJFGGKJ[K_HUFKHFXNHUKJHk[IJlHj]NH9KMQKGHKFGLK[JVLKGHXV[[KYHgFK `IGUKGH\VJKGHOIPKJMFSXHjKJXKFM[YH:cKJHUVQH0JKGGKGHUKJHhVI[_HUVQHbKJJKGHFGHUKG 4IQTKMGHIGUHUVQHUINadKH|]SXKGHVGHUKJHk[KMMK_H\]HKJHQFSXHUKGH:JNHLKcJ]SXKG XV[[K_H\jJUKGHFXGHG]SXHKFGKHbKF[MVGLHcKLMKF[KGY yEJFGGKJ[HKISXHVGHUVQHQKM[QVNKHeK\F[[KJ_HUKNHUFKH:1kEi:{~3HVNHiVSXNF[[VL VIQ\KFSXKGH NIP[Kz_H dIXJH UFKH |KGK[JVGlH d]J[YH ygFKH NK[K]J]M]LFQSXKGH gV[KG \IJUKGH FGl\FQSXKGH VGVM8QFKJ[YH gVQH eK\F[[KJH FQ[H GFSX[H VIdH G]JNVMKNH `KL KG[Q[VGUKGYH EQH \IJUKH UIJSXH kSXVddIGLH KFGKJH 1KFXKH \K[[KJcKKFGdMIQQKGUKJ 0KUFGLIGLKGH IGUH FGH VMMKJH EFMKH KJlKIL[H wH ]ddKGcVJH lIH UKNH b\KST_H UFK :1kEi:{~3H VGH UKJH kISXKH GVSXH UKNH:JT]GFUKGH lIH XFGUKJGYH ;]JH TIJlKNH FQ[ UKJQKMcKH;]LKM_HUKJHcKJKF[QHKFGNVMHFGH:T[F]GH[JV[_HFGHUVQHkSXFddHKFGLKUJIGLKGHIGU XV[H gFGLKH KG[\KGUK[_H UVJIG[KJH KFGKH NF[H `VddKGH IGUH RJVGQa]J[LKJO[H jKJQKXKGK 1VINQSXI[lN]G[IJYHgVQHRFKJH\IJUKHcKFHQKFGKNH1VIclILHcK]cVSX[K[YH:IdHNKFGKG

0KdKXMHXFGHMFKPHNVGHKQHIGLKQSX]JKGYH;]JLOGLKHUFKQKJH:J[HMVQQKGHQFSXHVMQHbIdOMMK ]UKJH EFGlKMVT[F]GKGH GFSX[H NKXJH KJTMOJKGYH `FJH XVcKGH KQH XFKJH NF[H KFGKN ]JLVGFQFKJ[KGHeKLGKJHlIH[IG_HUKJHVIdHUKJHkKF[KHUKQH:JT]GFUKGHQ[KX[YHgFKHxUKG[F[O[ UKQHeKLGKJQHFQ[Hj]JMOIdFLHG]SXHIGcKTVGG[YHxSXHXVM[KHKQHGFSX[HdjJHIGNZLMFSX_HUVP QFSXHUFKHiV[IJHUKQH|MVGK[KGHwH]UKJHlINFGUKQ[HKFGHRKFMHUVj]GHwHLKLKGHIGQHQ[KMM[Y xSXHXV[[KHcKJKF[QHlIj]JHcKQSXM]QQKG_HUVPHUFKH:IQQ[V[[IGLHUKQH:JQKGVMQHjKJQ[OJT[ \KJUKGH NjQQKYH gFKH LKLKG\OJ[FLKH EG[\FSTMIGLH NVSX[H UFKH ;KJQ[OJTIGLH INH Q] UJFGLMFSXKJYH4F[HUKJH:1kEi:{~3HVMMKFGHMOP[HQFSXHIGQKJHbFKMHGFSX[HKJJKFSXKGYHxSX \KJUKHFGH3jJlKHUKNH:JQKGVMHKFGH\KF[KJKQH9VXJlKILHlIJH;KJdjLIGLHQ[KMMKG_HLJZPKJ_ QSXGKMMKJHIGUHcKQQKJHVIQLKQ[V[[K[HVMQHUVQHcFQXKJFLKYHiKGG[HKQH:1kEi:{~3HxxYz :IdH UKGH eKQFSX[KJGH UKJH bIXZJKJH lKFL[KH QFSXH TKFGKH 1KLIGLYH 3KJGKQQH 48M][[VQ GKJjZQKQH bISTKGH XV[[KH QFSXH cKJIXFL[YH gFKH |KGK[JVGlH QaJVSX_H IGUH \VQH UFK |KGK[JVGlHVG]JUGK[K_H\VJHLI[HIGUH\KFQK_HUKGGHQFKHcKl]LHFXJKHxGQ[JIT[F]GKGHj]G :G[F€EkYH EQH LVcH TKFGKGH :GMVP_H EJQ[VIGKG_H tcKJJVQSXIGLH ]UKJH OXGMFSXK EN][F]GKGHlIHKNadFGUKGY gVQHcMVIKH{KISX[KGHUKJH|KGK[JVGlH\IJUKHJISTVJ[FLHFG[KGQFjKJYHE[\VQHQSXFKGHUFK dJKNUVJ[FLKH `KQKGXKF[H lIH KJJKLKGYH kKTIGUKGH QaO[KJH XZJ[KGH UFKH 4F[LMFKUKJH UKQ :JQKGVMQHUFKHNKG[VMKHk[FNNKHj]GHGKIKNy ygVQHEJ\VJ[K[KHFQ[HKFGLK[JK[KGYH`FJHQFGUHUKNHEJd]MLHGVXKYHeKX[HVGHKIJKH|MO[lK IGUHXVGUKM[HGVSXH|MVGYz gVQH{FSX[HFGHUKJHhZXMKHUONad[KHQFSXHQKMcQ[[O[FLYHgVQH:JQKGVMHLKJFK[HFGH0K\KLIGLY  b\KFH k[IGUKGH j]JH 4F[[KJGVSX[H XV[[KH KJH QKFGKGH |]Q[KGH cKl]LKGYH ;]GH QKFGKN jcKJXZX[KGH k[VGU]J[H VIQH jcKJcMFST[KH KJH UKGH {VGUKaMV[lH UKJH :1kEi:{~3Y eKLKGH4F[[KJGVSX[HXV[[KHKJHUFKH4VGGQSXVd[Hj]GH0]JUHLKXKGHQKXKGHwHVMMKHcFQHVId UJKFH 4VGGYH kFKH XV[[KGH QFSXH GVSXH JKSX[QH XFGH LK\VGU[YH g]J[H MVLH UFKH hZXMKYH :IQ KFLKGKJHEJdVXJIGLH\IP[KHKJ_HUVPHGIGHFGHUKJHhZXMKHKFGKH;KJQVNNMIGLHQ[V[[dVGU_ cKFH UKJH :G[F€EkH UIJSXH UFKH |KGK[JVGlH GKIKH |MOGK_H GKIKH RVT[FTKG_H GKIK `VXMQaJjSXKHwHTIJl_H\KF[KJKH:IQdMjQQKHQKFGKJHT]JJIa[KGH`KFQXKF[HjKJTjGUKGHMFKPY ;KJQVNNMIGLKGHUFKQKJH:J[H\OXJ[KGHLK\ZXGMFSXHQ[IGUKGMVGL_H\KFMH:G[F€Ek_H\KGG KQH UIJSXH UFKH |KGK[JVGlH QaJVSX_H QFSXH jcKJVIQH LK\IGUKGH IGUH MVGLV[NFL VIQUJjST[KYH gFKH eKMKLKGXKF[H \VJH UVYH k]H JVQSXH \jJUKH KQH GFSX[H \FKUKJ j]JT]NNKG_H UVPH QFSXH GIJH KFGKH UJKFTZadFLKH i][\VSXKH VGH 0]JUH UKJH 3]JjK[[K cKdVGUY

9JKFMFSXH \VJH QKFGH ;]JXVcKGH VISXH IG[KJH UKJVJ[H LjGQ[FLKGH ;]JVIQQK[lIGLKGH G]SX FNNKJHaJ]cMKNV[FQSXYH4VGH\jJUKHQKFGKH:GGOXKJIGLHcKNKJTKGHIGUHQKFGKH:cQFSX[ KJJV[KGYHkKFGKH.XVGSKHMVLHUVJFG_HUVPHUFKHUJKFH`VSXa]Q[KGHGFSX[HQKMcQ[OGUFLHlI XVGUKMGHjKJN]SX[KGYHkKF[HQFKHIG[KJHX8aG]QILLKQ[FjKNHEFGdMIPHQ[VGUKG_HcKQVPKG QFKH TKFGKH EG[QSXKFUIGLQdOXFLTKF[H NKXJYH kFKH \jJUKGH :G\KFQIGLKGH j]GH 48M][[V ]UKJH j]GH UKJH |KGK[JVGlH QKMcQ[H cJVISXKG_H INH lIH \FQQKG_H \FKH QFKH QFSXH jKJXVM[KG Q]MM[KGYH gKGH bKF[jKJMIQ[_H UKJH UVcKFH KG[Q[VGU_H NIP[KH KJH VIQGI[lKGYH kSXGKMMFLTKF[ \VJHUFKH\FSX[FLQ[KHxGLJKUFKGlHQKFGKQH1KlKa[QY EJH GOXKJ[KH QFSXH UKNH TMKFGKGH 1VINQSXFddH lIH 9IPYH gVQH eJVj]€eKJO[H aJ]UIlFKJ[K IGVGLKGKXNHjFKMHk[JKIQ[JVXMIGLYH`KGGHKJHKQHKFGQSXVM[K[K_HKJQSXFKGHKJHVIdHUKN WJ[KJcFMUH UKJH :1kEi:{~3H \FKH KFGKH M]UKJGUKH 9VSTKMYH gVQH T]GG[KH KJH QFSX QaVJKGYH gKJH xGdJVJ][QSXFJN_H UKJH QFSXH JFGLQH INH UVQH kSXFddH VIQcJKF[K[K_H \jJUKH FXG dJjXHLKGILHKJdVQQKGY EJH \jGQSX[KH RFSTKJH XKJcKFYH:cKJH KJH XV[[KH UKGH:UMKJH QKF[H QKFGKNH:IdcJISXH GFSX[ NKXJHLKQKXKGY g]J[_H \]H KJH UFKH eJKGlKH UKQH xGdJVJ][QSXFJNQH jKJNI[K[K_H cMFKcH KJH Q[KXKGYH gFK :1kEi:{~3HMVLHl\KFXIGUKJ[H4K[KJHKG[dKJG[YHgFKH0]UKGQSXMKIQKH\VJH]ddKGHIGU XKMMH KJMKISX[K[YH EFGH dMFNNKJGUKJH EGKJLFKQ[KLH djXJ[KH lIH FXJH XFGVIdYH k]cVMUH KJH UFK eJKGlKH UKQH kSXFJNQH jcKJQSXJF[[KGH XV[[K_H T]GG[KH KJH UKGH eJVj]€eKGKJV[]J KFGQK[lKG{H UVGGH QaFKM[KH KQH TKFGKH 1]MMKH NKXJYH 9jGdH kKTIGUKG_H QSXO[l[KH KJ_H cFQ XFGjcKJHlIJHkSXMKIQKYHb\KFH4VGGH\jJUKGHQFSXHFNH3]NNVGU]Q[VGUHVIdXVM[KG_HKFG UJF[[KJH FJLKGU\]H VGH 0]JUH IG[KJ\KLQH QKFGYH gFKH cKFUKGH FGH UKJH bKG[JVMKH NIP[KH KJ IGQSXOUMFSXHNVSXKG{HUKJHUJF[[KHT]GG[KHFXNHGFSX[HLKdOXJMFSXH\KJUKGYHEQH\VJHVMMKQ XKJlKJdJFQSXKGUHKFGdVSXYH9VQ[HXO[[KHKFGKNHUKJH;KJUVSX[HT]NNKGHNZLKG_HKQHQKF VMMKQHQ]HXKJLKJFSX[K[_HUVNF[HKJHINHQ]HcKJKF[\FMMFLKJHFGHUFKHLKQ[KMM[KH9VMMKH[Vaa[KY gKJHk]LHUKQHTjGQ[MFSXKGHkSX\KJKdKMUQHJFPHFXGHj]J\OJ[QHIGUHFGHUFKHhZXKYH:GH0]JU UKJH:1kEi:{~3HLKQSXVXHxK[l[Hl\KFKJMKFyHEJH\IJUKHVIdHUKNHxGdJVJ][cFMUHQFSX[cVJ_ IGUH UVQH eJVj]€eKJO[H KJlKIL[KH KFGKGH UKI[MFSXKGH 1KdMK}H VIdH UKNH WJ[KJQSXFJNY iVSXHTIJlKNHbZLKJGH\jJUKGHUFKHcKFUKGH|]Q[KGHFGHUKJHbKG[JVMKHjKJQISXKG_HQFSX NF[H3KJGKQQH48M][[VHFGH;KJcFGUIGLHlIHQK[lKGYHgVQHQ]MM[KHFXGKGHQSX\KJdVMMKGYH:G[F€ EkH MFKc[KH KQH GFSX[_H cKFH QKFGKGH a]NaZQKGH kKMcQ[UVJQ[KMMIGLKGH IG[KJcJ]SXKGH lI \KJUKGYHgFKHkSXMKIQKHQSX]PHVIdHFXGHlIYHEJHcJKNQ[KHIGUHdFGLHUKGHkSX\IGLHNF[ VIQLKQ[JKST[KGH:JNKGH VNH kSX][[JVGUH VcYH gKJH eJVj]€eKGKJV[]JH QSXVM[K[KH QFSX j]GHQKMcQ[HVIQYHEJHQajJ[KH0]UKGHIG[KJHUKGH9jPKGYHEFGKGH:[KNlILHMVGLHQaOX[KHKJ FGHUFKHkSXMKIQKGTVNNKJHXFGKFGYHkFKH\VJHMKKJY gKJHQ]GGKGXKFPKHEGKJLFKQ[JVXMHdVISX[KHGIJHKFGKHhVGUcJKF[HjcKJHFXGHXFG\KLYHgFK

gKJH Q]GGKGXKFPKHEGKJLFKQ[JVXMHdVISX[KHGIJHKFGKHhVGUcJKF [H jcKJHFXGHXFG\KLYH gFK KJXF[l[KH {Id[H TGV[[KJ[KYH EFGH kSX\VMMH NZJUKJFQSXKJH hF[lKH dKL[KH FXNH KG[LKLKGH IGU jKJQKGL[KHFXNHUFKHhVVJKYHgJFGGKGHFGHUKJHkSXMKIQKHaMV[l[KHNF[HMVI[KNH3GVMMHKFGK |MV[[KHUKJH`VGUjKJTMKFUIGLY kKFGKH 1KVT[F]GH \VJH FGQ[FGT[FjYH gFKH hVGUH dVP[KH GVSXH UKNH 1KLMKJH UKQH eJVj]€ eKGKJV[]JQYHb]JGFLHQINNKGUHXKIM[KHUVQHeKJO[HVIdYH`FKHj]NH3V[VaIM[HLKQSXGKMM[_ QSX]PHUKJH:JT]GFUKHFGHUFKHhZXKYHgKJH[VQ[KGUK_HLJKMM\KFPKH9FGLKJHKFGKQH0MVQ[KJQ QISX[KH GVSXH FXNH IGUH dIXJH \KF[H VNH bFKMH j]JcKFYH :IQH UKJH RFKdKH UJVGLH 48M][[VQ UJZXGKGUKHk[FNNKY y;FKMHlIHdJjXzH`KJHXV[HUVHlIHdJjXHLKQSX]QQKG2z xGHUKJHRV[_HUVSX[KH:[MVGHLJFNNFLYH`KJHXV[[KHUVHlIHdJjXHLKQSX]QQKG2

56 DEFGHIJKLIKMNKIOGEPQGREFGFSTMGRSKGUENKIVWFKOGRSKGUEJPLGRKFGXLFKIEVYVEIKJKIO KSIZKVEFFKIG MEJJKOG [ELG KJ[EFG ISKG DEZK[KFKIKF\G ]KV^FJG [KIIG FSKG NSJG RKL _`MSZaKSJGaWN^SIEJWLSFTMKIGbKTMIKIFG^KZE^JGZK[KFKIG[`LKOGM`JJKGFSKGISTMJGSN cWLEPFG KLLKTMIKIG adIIKIOG [KVTMKG eSLaPIZKIG RSKG XPFQfMLPIZKIG SMLKFG gVEIF KLhSKVKIG[fLRK\GiFGZE^GaKSIKGiLQEMLPIZF[KLJK\GjKRKGiLQEMLPIZOGRSKGFSKGNETMJKO [ELGKSIKGHLKLQEMLPIZ\ DSKGiLQWVZKOGRSKGRKLGFJPLNZK[EVJSZKG1LSKZKLGKLhSKVJKOG[ELKIGKLNPJSZKIR\GX^KLGKF [PLRKG ^EVRG WQQKI^ELOG RE2G RKLG YKZIKLG EPQG RSKFKG eKSFKG ISTMJG IETMMEVJSZ KSIZKFTMfTMJKLJG WRKLG ZELG cKLJLSK^KIG [KLRKIG aWIIJK\GXPTMG RSKG UEJPLG cKLFYfLJKO K^KIFWG [SKGXJVEIOG RKIG FSKG V`IZFJG EVFG ZKL^fIRKJKIG KLaEIIJG MEJJKOG KSIG [KRfLQISF IETMG 1WNNPISaEJSWIG NSJG SMLKNG [PIRKFZKIWFFKI\G eEFG E^KLG RKLGXLaWISRKG aVEL KLaEIIJKOG REFG [ELG SIG SMLKNG LKSIG SIJPSJScKIG [K[P2JFKSIG IPLG KSIG RPNYQKFO PIZK[SFFKFGHI^KMEZKI\G]SKG[P2JKOGRE2GKJ[EFGQKMVJK\GE^KLGFSKG[P2JKGISTMJOG[EF KFG[EL\ ]SKG KLaEIIJKGEVVN`MVSTMOG RE2G RSKG ]ETMJG RKFG YKZIKLFG hPG KSIKNG ZLW2KIG ^KSVG EPQ RKNG _EMLhKPZG ^KLPMJKOG REFG EPFG RKNG USTMJFG ZKaWNNKIG [EL\G eKIIG NEIG REF _EMLhKPZG KIJ[KIRKIG WRKLG PI^LEPTM^ELG NETMKIG adIIJKOG [`LKIG RSKG _LKNRKI ZKFTM[`TMJ\G iJ[EFG _MIVSTMKFG NP2JKG EPTMG RKNG [PIRKFZKIWFFKIG SIG RKIG ]SII ZKaWNNKIGFKSI\GX^KLG^KSGFKSIKNGXIZLSQQGEPQGREFG_EMLhKPZG[`LKGKLGPNGKSIG`EEL SIGKSIKG_EVVKGZKZEIZKI\GDKLG]JPLNZK[EVJSZKGMEJJKGSMNGISTMJGMKVQKIGadIIKI\GUWTM SNNKLG [ELG KFG FTM[SKLSZOG RSKG gV`IKG RKFG ZKL^fIRKJKIG hPG KLaKIIKIOG ^KFWIRKLF [KIIG KLG SIG JKTMISFTMKIG 1EJKZWLSKIG RETMJKOG RSKG RKLG ]KIR^WJKG RKLG UENKIVWFKI ISTMJG cKLFJEIR\G iLG MEJJKG RKNG [PIRKFZKIWFFKIG ISTMJG ^KSFJKMKIG adIIKIOG [KSVG KL ISTMJG [P2JKOG [EFG RSKFKLG cWLMEJJK\G ]SJG RKLG aKSJOG ZVEP^JKG FSKOG [fLRKG KFG RKN ]JPLNZK[EVJSZKIG SNNKLG VKSTMJKLG QEVVKIOG RSKG YKREIaKIG RKFG ZKL^fIRKJKIG hP ^KZLKSQKI\GDEIIG[fLRKGRSKGaPFENNKIEL^KSJGFSTMGLKS^PIZFVWFGZKFJEVJKI\ bIh[SFTMKIGaWIhKIJLSKLJKGFSKGFSTMGEPQGREFG_EMLhKPZ\GXPQG[KVTMKGeKSFKGaWIIJKGKF ^KFTM`RSZJOG hKLFJdLJG WRKLG FWIFJ[SKG PI^LEPTM^ELG ZKNETMJG [KLRKIcG DKI ]JPLNZK[EVJSZKIG RPLQJKG FSKG FWG ^EVRG aKSIG h[KSJKFG ]EVG KSIFKJhKI\G iFG FTMSKIOG RKL YKZIKLG [P2JKOG RE2G KLG EIG [WLRG ZK[KFKIG [EL\G iLG [fLRKG KIJFYLKTMKIRK X^[KMLNE2IEMNKIGZKJLWQQKIGME^KI\ ]SKG^KLSKJGFSTMGNSJGSMLKIGYKFSIIPIZFZKIWFFKIGPIJKLGRKIGhEMVVWFKIG]SVVSWIKIGcWI ^SKLPIRGgQVEIhKIELJKIGRKFGXLFKIEVYVEIKJKI\GaPGSMLKLGZLW2KIGd^KLLEFTMPIZG[ELKI KFG EPFZKLKTMIKJG RSKG ^VSIRKIG `dMVKIWVNKOG RSKG RSKG KLFJKG ^LEPTM^ELKG bRKK

KIJ[STaKVJKI\GZWIGRKIGeVNKIGMEJJKGISKNEIRGIKIIKIF[KLJKGbISJSEJScKGKL[ELJKJ\GKF [ELG KSIG MEV^KFG ePIRKLOG RE2G FSKG FSTMG f^KLMEPYJG RKNG XaJSWIFaWNSJKK EIZKFTMVWFFKIG MEJJKI\G USTMJOG RE2G KFG SMIKIG EIG RKLG KIJFYLKTMKIRKI bIFJSIaJQ`MSZaKSJG ZKNEIZKVJG M`JJKG fG E^KLG FSKG VK^JKIG FWG E^ZKFTMVWFFKIG cWIG EVVKI EIRKLKIG ^SKLgG PIRG gQVEIhKIQWLNKIOG PIRG SMLKG [VSIRMKSJG VSK2G NEITMKF MdMKLKIJ[STaKVJKGeKFKIGhPGRKNGcWLKSVSZKIG]TMVP2GaWNNKIOGRE2GNEIGcWIGSMIKI ISTMJGEVVhPGcSKVGKL[ELJKIGRfLQK\ _LKSVSTMG [ELG KFG cKLFJ`IRVSTMOG RE2G EPFZKLKTMIKJG RSKG `dMVKIWVNKG RSKG KLFJKG bRKK MEJJKI\G RKIIG RSKFKG ^KhWZG FSTMG EPQG RSKG 1L`QJKG RKLG ^SKQKOG PIRG RKIKIG [ELKIG RSK eVNKG SIG SMLKIG `dMVKIG ENG I`TMFJKI\G DSKhKISZKIOG RSKG RKIG XPZKIVWFKIG [WMVKL [WVVJKIOG NPIaKVJKIG FWZELOG ZKLERKG EPQZLPIRG SMLKLG [VSIRMKSJG M`JJKIG RSKG eVNKG KSI ^KFWIRKLKFOG QLKPIRVSTMKFG ZKLM`VJISFG hPG RKIG ZKMKSNISFcWVVKIG YK[EVJKIOG RSKG JSKQ PIJKLGRKLGe^KLQV`TMKGRKLGeKVJGSMLKIG]SJhGMEJJKIOGKIJ[STaKVJ\ DSKGbRKKGMEJJKGEVVKLRSIZFGKSIKG]TM[`TMKiG]SKGVSK2GFSTMGISTMJGf^KLEVVGcKL[SLaVSTMKI\ ]EIG [fLRKG ]SJJKVG PIRG eKZKG QSIRKIG NfFFKIOG REFG _EMLhKPZG RKLG _LKNRKIG EI RSKFKIG WRKLG hKIKIG eLJG hPG VWTaKIOG WMIKG RE2G FSKG ZKLRETMJG FTMdYQJKI\GXPTMG REhP [PLRKGLEFTMGKSIGgVEIGKIJ[STaKVJ\GDKLG]JPLNZK[EVJSZKG[fLRKGRKIG_fMLKLGNETMKI NfFFKI\ XPQG RKNG XLFKIEVYVEIKJKIG MWVJKIG RSKG 1L`QJKG RKLG UEJPLG EPFOG XIJSgi]G KSIKI KNYQSIRVSTMKIG]TMVEZGhPGcKLFKJhKI\ j iLG[ELGhWLISZ\ iLG MEJJKG FSTMG EIZKFJKVVJG [SKG KSIG XIQ`IZKL\G DSKG FKVJFENKIG iLKSZISFFKG RKF cKLZEIZKIKIG ^EZKFG NP2JKIG SMNG RKIG ZKLFJEIRG cKL[SLLJG ME^KIOG RE2G KLG ZKZVEP^J MEJJKOG KLG adIIKG RKLGXb]iUXkjl1G EPQG FWG KSIQETMKG eKSFKG ME^MEQJG [KLRKI\G iL M`JJKGZKLRETMJGFTMdYQKIGNfFFKIOGEVFGKLGREFG]TMSQQGFWGKSIVERKIRGcWLGFSTMGVSKZKI FEM\GiFGFJEIaGQdLNVSTMGIETMG_EVVK\GX^KLGKLOGQKFJGREcWIGf^KLhKPZJOGRE2GcWIGIPIGEI IPLGIWTMGePIRKLGZKFTMKMKIG[fLRKIOGMEJJKGKFGISTMJGZKLWTMKI\ ]KV^FJKLaKIIJISFOG^KNKLaJKGRKLGimJLEFSIIGISTMJGWMIKG]ELaEFNPFOGSFJGRKLGafLhKFJK eKZGhPLG[KFFKLPIZ\ ]SKGMEJJKIGZK[P2JOGRE2GKLGaWNNKIG[fLRK\GeEMLFTMKSIVSTMG[ELG^STaKLG^KSGFKSIKN bEP^hPZG ^KW^ETMJKJG [WLRKI\G HIRGXIJSgi]G MEJJKG FSTMG RPLTMG RKIG HNFJEIROG RE2 RKLGDSK^GKSIG^SKLG[ELOGISTMJG^KSLLKIGVEFFKIGPIRGQWVZKLSTMJSZGZKFTMVWFFKIOGQfLG[KI

RSKG ZKFJWMVKIKIG YKZKIFJ`IRKG ^KFJSNNJG [ELKI\G ZWIG REG EIG [ELG KFG ISTMJG NKML FTM[KLGZK[KFKIGhPGKLLEJKIOG[EFGKLGEVFGI`TMFJKFGPIJKLIKMNKIG[KLRK\ iLGPIJKLIEMNGKSIKG1PLFaWLLKaJPLGPIRG[EIRJKGFSTMGRWLJMSIOG[WGNEJJGSNG]JKLIKIVSTMJ RSKGHNLSFFKGRKLG[KLZKGFTMSNNKLJKI\GiSIKGMEV^KG]KaPIRKGFY`JKLG^KZEIIGPIJKL SMNGRSKGkPQJGhPG^LWRKVI\GiSIGFTMKIaKVRSTaKLG]JLEMVGPIKLJL`ZVSTMKLG`KVVSZaKSJGFJEIR YVdJhVSTMGNSJJKIGSIGRKLGUETMJ\G]SJGRWIIKLIRKNOGaIEJJKLIRKNGYKJdFKGKmYEIRSKLJK RSKG KLMSJhJKG kPQJ\G iSIKG DLPTa[KVVKG JLEQG RKIG XLaWISRKIG NSJG RKLG ePTMJG KSIKF `ENNKLFGPIRGFTMVKPRKLJKGSMIG`EVFGf^KLG1WYQGREcWI\ UWTMGSNNKLGISTMJFGZKVKLIJnGFTMEVJGKLGFSTMOG[`MLKIRGKLGMEFJSZGKSIKIGIKPKIG1PLF KSILKZKVJK\G ]SJG KSIZKFTMEVJKJKNG YLEcWgYKIKLEJWLG VKPTMJKJKG KLG EPQG SMLKI eLJKLFTMSLNKIG [SKG KSIG _PIaQKPKL\G kEIZKG ZKIPZG MEJJKIG FSKG ZK^LEPTMJOG PNG hP KLaKIIKIOGRE2GFSKGSMIGEPTMGEPFGRKLG_KLIKGIWTMGKL[SFTMKIGaWIIJKI\G_KMVJKGIPLO RE2GFSKGREFG]TMSQQGFJELJKJKIGPIRGMSIJKLGSMNGMKLGhEZJKI\GiLG^LEPTMJKGQKFJKIG[WRKI PIJKLGRKIG_f2KI\GiLGNP2JKG RKIG YKIKLEJWLG EPFFTMEVJKI\G ``JJKG KLG ISTMJG RSKG bRKK ZKME^JOGRKIG1PLFGhPG`IRKLIOGKLG[`LKGhKJhJGIPLGIWTMGKSIKGaVKSIKGYEF[WVaKOGRSKGcWL RKNG UETMJ[SIRG REMSIJLSK^\G DKLG h[KSJKG ]TMP2G VEZG [KSJG E^FKSJF\G ]KSIK XPF[KSTMNEIdcKLGSLLSJSKLJKIGRSKGaSKVEPJWNEJSa\GbIGKSIKLGkEZKG[SKGRSKFKLG[ELGRKL ]KIFTMGRKNGoWNYPJKLGf^KLVKZKI\Gd^KLGKSIKGDSFJEIhGcWIGNKMLKLKIG1SVWNKJKLI cKLNWTMJKG FKV^FJG RSKG ^KFJKG XPJWNEJSaG RSKG KLLEJSFTMKIG [K[KZPIZKIG KSIKFG FW aVKSIKIGe^hKaJFGISTMJGEPFhPZVKSTMKI\ bIG[SVRKIG1PLcKIGFTMW2GKLGEPQGRSKG[KLZKGhP\GiLG[ELGFSTMGRELf^KLGSNGaVELKIOGRE2GKL KSIKIG [WZKIG ^KFTMLSK^OG RKLG SMIG [SKRKLG I`MKLG EIG RSKG XLFKIEVMdMVKG PIRG RKI kEIRKYVEJhGRKLGXb]iUXkjl1G^LETMJK\GDEFGVSK2GFSTMGhKJhJGISTMJGcKLNKSRKI\G]KSI KSIhSZKFGXIVSKZKIG[ELOGRKIGYKIKLEJWLGFWGFTMIKVVG[SKGNdZVSTMGEPFhPFTMEVJKI\GDEF YKV`IRKGaENGSMNGhPG`SVQK\GiSIGISKRLSZKLG_KVFLfTaKIOGRKIGKLG^SFGhKJhJGISTMJGMEJJK FKMKIG adIIKIOG JEPTMJKG cWLG SMNG EPQ\G iLG FTMW2G SIG RSKG ^SKQK\G `SIJKLG RKLG NEFFScKI eEIRG QfMVJKG KLG FSTMG FSTMKLKL\G DKLG ZLd2JKG ^KSVG RKLG ]JLKPFJLEMVPIZOG RSKG RKL YKIKLEJWLG cKLPLFETMJKOG [ELG aWIcKIJSWIKVVgKVKaJLWNEZIKJSFTMKLG UEJPLG PIRG [PLRK RPLTMGRKIG_KVFGE^ZKFTMSLNJ\GXPQGRKNGeLJKL^SVRGRKLGXb]iUXkjl1GMEJJKGKLGFSTM FWK^KIGcWIGKSIKLG]SZIEVVKPTMJKGSIGKSIKIGJLf^KIOGNSVTMSZKIG_VKTaGcKL[EIRKVJ\GDKL RLSJJKG ]TMP2G RKFG [WLRZKFTMfJhKFG QPMLG MWTMG f^KLG SMIG MSI[KZG PIRG LS2G KSIKI MEPFZLW2KIG ]JKSI^LWTaKIG EPFG RKLG 1LWIKG RKFG _KVFLfTaKIF\G iLG M`JJKG hKJhJ PI^KFTMERKJGVEIRKIGPIRGRKIGYKIKLEJWLGRKFEaJScSKLKIGadIIKI\GX^KLGSIh[SFTMKI [ELG SMNG KSIG YKREIaKG ZKaWNNKI\G iFG [`LKG JdLSTMJG ZK[KFKIOG cWLG RKNGXLFKIEV REcWIhPVEPQKI\G]SKGM`JJKIGSMIGPNGKSIG`EELGZKQE2JOGPIRGPNGRSKFKV^KG`EELKF^LKSJK [ELGKLGRKNGJdRVSTMKIGiIKLZSK^fIRKVGRKFGbNYPVFFJLEMVKLFGKIJZEIZKI\G]SKGNP2JKI SMIGQfLGRKNWLEVSFSKLJGMEVJKI\G]SKG[fLRKIGRENSJGLKTMIKIOGRE2GKLGFSTMGSIGSLZKIRKSIKI

eSIaKVG cKLhWZG PIRG f^KLG FKSIKLG USKRKLVEZKG ^LfJKJK\G iFG ZE^G aKSIKG ^KFFKLK YKVKZKIMKSJOGKSIGh[KSJKFG]EVGcWLhPFJW2KIOGEVFGSIGRSKFKLGUETMJ\ UPLGfGRSKFNEVG[fLRKGKLGFSTMGEIRKLFGEIFJKVVKI\GHNGZKIEPGhPGFKSIiGiLG[fLRKGFSTM KSIG EIRKLKFG aSKVG EPFFPTMKI\G eKIIG KLG RSKG Xb]iUXkjl1G ISTMJG ME^KIG aWIIJKO ^VSK^GSMNGSNNKLGIWTMOG[EFGKLGPLFYLfIZVSTMGSNG]SIIGZKME^JGMEJJKiG^pELSGEPFGRKI 1VEPKIGRKLGgKIKJLEIhGhPG^KQLKSKI\ iLGQVWZG^SFGhPNGdFJVSTMKIGiIRKGRKFG_KVFLfTaKIF\G_KPKLGKLMSKVJGKLGaKSIKFGNKML\GiL VEIRKJKGPIRGRKFEaJScSKLJKGREFGYLEcWgYKL`J\GZWIGFKSIKNG]JEIRWLJGEPFG[ELKIGKF LPIRGh[KSG1SVWNKJKLG^SFGhPNG_P2GRKLG[KLZaKJJKOGRSKGKLGcWLGhKMIG]SIPJKIGSNGkSTMJ RKLG ]JKLIKG MEJJKG EPQJEPTMKIG FKMKI\G DKLG eKZG QfMLJKG RPLTMG ^PFTMgG PIR ^EPN^KFJEIRKIKFGYKV`IRKOG[ELGEVFWGhSKNVSTMGFSTMKLOGFWVEIZKGKLGRKIGYKIKLEJWL ISTMJG^KJ`JSZJK\GDEFG^KLLESIGh[SFTMKIGRKNG_KVFLfTaKIGPIRGRKLG[KLZ[EIRGNWTMJK RKLGFfRVSTMKGXPFZEIZGRKFG^EVKFGFKSIOGSIGRKNGKLGKSIKIGZLW2KIG^KSVGRKFGZKFJLSZKI ^EZKFGcKL^LETMJGMEJJK\GiLGM`JJKGKFGISTMJGFEZKIGadIIKI\G]WGRSVKJJEIJSFTMG[ELGKLG^KS FKSIKNGZWLME^KIGhPGeKLaGZKZEIZKIOGRE2GKLGISTMJGKSINEVGRELEIGZKRETMJGMEJJKO FSTMG RSKG ^WYWZLEYMSKG RKLG HNZK^PIZG KSIhPYL`ZKI\G bNG kEPQFTMLSJJG f^KLqPKLJKG KL RKIG X^FTMISJJG K^KIKIG YKV`IRKF\G iLG QEIRG KSIKIG cKLZVKSTMF[KSFKG ^KqPKNKI XPQFJSKZOGRKLGSIGRSKG[KLZKGMSIKSIQfMLJK\GiLGFTMWIJKGFSTMGISTMJ\GiLG^KJLETMJKJKGRSK adLYKLVSTMKG XIFJLKIZPIZOG RSKG RKLG ]ELFTMG SMNG ^KLKSJKJKOG EVFG [P2KG QfLG RKI kKSTMJFSIIOGRKIGKLGFSTMGMEJJKGhPFTMPVRKIGaWNNKIGVEFFKI\ a[KSG]JPIRKIGIETMG]SJJKLIETMJGFJEIRGKLGRSTMJGPIJKLMEV^GRKFGENG[KSJKFJKIGFfRVSTM ZKVKZKIKIGYSYQKVFGRKLG[KLZaKJJK\GUSTMJGNKMLGEVFGh[KSMPIRKLJG]KJKLGPIJKLGSMNGVEZO SNG NEJJKIG ]JKLIKIVSTMJG ZKLERKG IWTMG KLaKII^ELOG RSKG K^KIKG _V`TMKG RKLG ]JKYYK\ ZWIGLKTMJFGMKLf^KLGFTMSNNKLJKG^PIJGRSKG`fVVKGRKLGXb]iUXkjl1\ iLG FJLKSQJKG RKIG bEPNFTMPJhEIhPZG E^G PIRG cKL^ELZG SMIG h[SFTMKIG RKIG ]JKSIKI\ ]WVEIZKG KLG RKIG YLEcWgYKIKLEJWLG ISTMJG ^KIPJhKIG aWIIJKOG [ELG SMNG RSKG FTM[KLK ]WIJPLG KMKLG KSIG `SIRKLISFG EVFG KSIG ZWLJKSV\G DSKG eEQQKG ^ELZG KLG SNG YfLJKVG RKL VSIRZLfIKIG [WLRPISQWLN\G iLG MWTaJKG FSTMG EPQG KSIG _KVFFJfTaG PIRG NPFJKLJKG RKI `SNNKV\G eKIIG KLG FSTMG RSKG ]fMKG ZKNETMJG M`JJKOG KSIG YEELG RKLG QLKNRKI 1WIFJKVVEJSWIKIG hPG VKLIKIG PIRG SMLKG [K[KZPIZKIG NSJG RKNG YEIZG FKSIKF oMLWIWNKJKLFG hPG cKLZVKSTMKIOG REIIG [`LKG KFG SMNG VKSTMJZKQEVVKIOG FSTM EPFhPLKTMIKIOG[SKcSKVG]JPIRKIGDPIaKVMKSJGSMNGIWTMGhPLGZKLQfZPIZGFJEIRKI\G]W NP2JKGKLGFSTMGEPQGFKSIGYKQfMVGcKLVEFFKI\GDLKSG^SFGcSKLG]JPIRKIGIWTMOGFTM`JhJKGKL\ UWTMGhKSZJKGRKLGdFJVSTMKG`WLShWIJGaKSIKG]YPLGcWIGZKLQ`L^PIZ\ iFGNP2JKGLKSTMKIG\\\

j DSKG`dMVKG[ELGMKVVGKLVKPTMJKJ\GiLGaEPKLJKGENG_P2GRKLG[EFJSWIOGEPQGRKLGKLG^STaKL hPNG KLFJKIG ]EVG ZKFKMKIG MEJJK\G iFG MEJJKG SMIG KSIKIG HN[KZG cWIG ZPJG hKMI 1SVWNKJKLIG ZKaWFJKJOG FSTMG RKLG HIJKLaPIQJG RKFGXLFKIEVFG cWIG RSKFKLG ]KSJKG MKLG hP I`MKLI\GiLG[ELGNfRKOGEPFZKYPNYJ\GDSKG[KSIKGFTMNKLhJKIGcWNGkEPQKIOGRSKGaPIZK aVK^JKG SMNG ENG YEPNKI\G iLG ^LEPTMJKG KSIKG bPMKYEPFKOG ^KcWLG KLG [KSJKLNETMKI aWIIJK\ DEFGNfRKGYKMSLIG YLWRPhSKLJKG E^FJLPFKG bRKKI\G iLG M`JJKOG ZSIZG KFG SMNG RPLTMG RKI ]SIIOG KSIKG ]YLKIZaEYFKVG ^KSG FSTMG JLEZKIG NfFFKI\G ZWLMSIOG EVFG FSKG NSJG RKN [WLRZKFTMfJhG EPQG SMIG FTMWFFKIOG M`JJKG KLG RSKG 1EYFKVG EIG ZKKSZIKJKLG ]JKVVK ZKhfIRKJGPIRGFSKGZVEP^KIGZKNETMJOGKLGFKSGKLVKRSZJ\GiFG[`LKGEVVKFGcSKVGKSIQETMKLO [KIIGFSKGSMIGQfLGJWJGMSKVJKI\ iLG QLEZJKG FSTMOG [EFG SIG RKLG `dMVKG cWLZSIZ\G UWTMG KSIKG ZKLFENNVPIZcG 1KLIKFF ]pVWJJEFG[fJKIRKFGYKFTMLKSGQSKVGSMNGKSI\GreKLGMEJGREGhPGQLfMGZKFTMWFFKIcsGDKN cWLKSVSZKIG ]TMfJhKIG cKLREIaJKG KLOG RE2G KLG IWTMG ENG kK^KIG [EL\G ]pVWJJEF KSZKIJVSTMKLGgVEIGMEJJKG[EMLFTMKSIVSTMGZEIhGEIRKLFGEPFZKFKMKI\G]SKGMEJJKIGSMIGSI RSKGXb]iUXkjl1GKSIRLSIZKIGVEFFKIGPIRGKLFJGREIIGFJKVVKIG[WVVKIOG[KIIGKLGSMIKI ISTMJG NKMLG KIJaWNNKIG aWIIJK\G DKLG ZWLKSVSZKG MEJJKG ]pVWJJEFG ^EaJSaG hPISTMJK ZKNETMJ\GYSIZGKFGSIGRKLG`dMVKGRELPNOGSMIGhPLGbKRKGhPGFJKVVKIGPIRGhPG^KFJLEQKIc iLG[WVVJKGZVEP^KIOGKFGFKSG^pELSGZK[KFKIOGRSKGSMNGNSJGRKNGcKLQLfMJKIG]TMP2GKSI ]SZIEVGZK^KIG[WVVJK\GX^KLGFSTMKLG[ELGKLGFKSIKLG]ETMKGISTMJ\ iLG NP2JKG cWLFSTMJSZG hPG eKLaG ZKMKI\G ^LWJhG FKSIKLG ]KIJEVFJE^SVSFSKLPIZG [ELG KF NdZVSTMOGRE2GRSKGgKIKJLEIhGSMIG^KNKLaJKOGQEVVFGFSKGhPQ`VVSZGSMLKG]KIJEVFKIFWLKI FYSKVKIGVSK2\GiLG^KNfMJKGFSTMOGrQVETMsGhPGRKIaKI\G]WGIEIIJKIGRSKGgFpTMWYMpFSaKL RSKG ^`JSZaKSJG RKFG YKMSLIFOG [KIIG KFG ]KIJEVSNYPVFKG cWIG ZKLSIZKLG XNYVSJPRK KLhKPZJK\GiLGMWQQJKOGRE2GRSKGgKIKJLEIhG^KFTM`QJSZJG[ELGfGPIRGFKSGKFGIPLGRENSJO SMLKIG ZK^EIIJKIG aPMdLKLIG [KSJKLKG [KSFYSKVKG RKLG PIQKMV^ELKIG eKSFMKSJG RKF d^KL[KFKIFGXIJSgi]GhPGcKLNSJJKVI\ kEIZFENG LfTaJKG KLG EIG RKIG `dMVKIKSIZEIZG MKLEI\G iLG MEJJKG aKSIKIG QKFJKIG gVEI\ bLZKIR[SKG NP2JKG KFG SMNG ZKVSIZKIOG RSKG ZKLFENNVPIZG hPG hKLFJLKPKIG fG [KIIG KF JEJF`TMVSTMG KSIKG ZKLFENNVPIZG [ELOG [EFG SIG RKLG `dMVKG FJEJJQEIR\G DSKG aEMVG RKL YKZIKLOGRSKGKLGEPFhPFTMEVJKIGMEJJKOGNP2JKGFWGZKLSIZG[SKGNdZVSTMGFKSI\GDSKGSRKEVK kdFPIZGFJKVVJKGKLGFSTMGFWGcWLiGiLG^LETMJKG^pELSGSIGFKSIKGYK[EVJGPIRGIEMNG1KLIKFF ]pVWJJEG EVFG YKSFKV\G ]W^EVRG KLG ]pVWJJEG MEJJKOG ^LEPTMJKG KLG FSTMG NSJG RKNG bfTahPZ ISTMJGNKMLGhPG^KKSVKI\GXIJSgi]G[fLRKGKFGFSTMGh[KSNEVGf^KLVKZKIOG^KcWLGKFGRKI XIQfMLKLGRKFGXLFKIEVFGWYQKLJK\G_SIZGKLG^pELSGEVVKSIOGREIIGNP2JKGKLGFSKG^K[P2JVWF

XIQfMLKLGRKFGXLFKIEVFGWYQKLJK\G _SIZGKLG^pELSGEVVKSIOGREIIGNP2JKGKLGFSKG^K[P2JVWF NETMKI\GFWIFJGadIIJKGRSKGgKIKJLEIhGSMLKGZKSFJSZKGXPFFJLEMVPIZGWLJKIOGPIRGFKSI _VPTMJ[KZG[`LKG^KVKPTMJKJG[SKGRSKGgSFJKGKSIKFG_VPZMEQKIF\GZWLGEVVKIGDSIZKIGaEN KFGRELEPQGEIG\\\ iLGFYfLJKGRSKGQLKNRKGXI[KFKIMKSJ\GbIGRSKFKNGXPZKI^VSTaG[P2JKGKLOGRE2GKLGKSIKI FKTMFJKIG]SIIG^KFE2OGRKLGSMNGNSJJKSVJKOG[EFGRSKGXPZKIGISTMJGFKMKIGPIRGRSKGeMLKI ISTMJGMdLKIGaWIIJKI\GDKLG_LKNRKG^KQEIRGFSTMGh[KSGWRKLGRLKSG]TMLSJJKGMSIJKLGSMN\ iLG^K[KZJKGFSTMGISTMJ\GeKLGEIRKLFGaWIIJKGKFGFKSIGEVFG]hESVENcGUPLGKSIG^KVKYWLJKL aWIIJKGEPQGFWGf^KLLEFTMKIRKGeKSFKGEPQJEPTMKI\ USTMJFG EIG XJVEIG cKLLSKJOG RE2G KLG RKIG _LKNRKIG ^KNKLaJG MEJJK\G ]SJG VEIZFENKIO cWLFSTMJSZKIG]TMLSJJKIGZVSJJGKLG[KSJKLGEPQGRSKG`dMVKGhP\G]hESVENGQWVZJKGSMNOGEPTMGREF VSK2GSMIGRKLGFKTMFJKG]SIIG[SFFKI\GDKLG^KVKYWLJKLGYVEIJKGKSIKGd^KLLEFTMPIZ\GXJVEIF `EIRG ZVSJJG hPNG 1WV^KIG RKFG gELEVpFEJWLF\G XVFG KLG RSKG eEQQKG PIJKLG RKIG _SIZKLI FYfLJKOG^VSK^GKLGFJKMKI\GrbTMG[P2JKOGRE2G[SLGPIFG[SKRKLFKMKIG\\\sOGFEZJKGKFGMSIJKL SMN\ ]hESVENGMEJJKGQKFJGRENSJGZKLKTMIKJOGRE2GFKSIGeYQKLGcWLG]TMLKTaGSIGRSKG1ISKGZKMKI [fLRK\G XJVEIFG ^VSJhFTMIKVVKG bKEaJSWIG MEJJKG KLG ISTMJG KL[ELJKJ\G DKLG XLaWISRKG QPML MKLPNOGPIRGIWTMGSIGRKLG[K[KZPIZG^KZEIIGRKLG]TMWTaKLGhPGFPNNKI\GDSKGeWLJK [PLRKIGRKNG^KVKYWLJKLGcWNG]PIRGZKLSFFKI\GiLGFJSK2GKSIKIGZKVVKIRKIG]TMLKSGEPF\ DEIIG[PLRKGKLGFKVJFENGFJKSQGPIRGQSKVG[SKGKSIG[LKJJGhPG[WRKI\ XJVEIGhdZKLJKGaKSIKGaKMIJKVFKaPIRK\GDKIG]TMLKSGMEJJKIGFSKGRLSIIKIGSIGRKLG`dMVK ZKMdLJ\GiLGFTMIKVVJKGFSTMGREcWIOGEIGRKLG_KVF[EIRGKIJVEIZOGPNGRKIGZWLFYLPIZGRKL [EFJSWIGMKLPN\GDSKFNEVGMEJJKGKLGFSTMGcWL^KLKSJKJ\GiLGaEIIJKGhKRKGiSIhKVMKSJGRKF YKV`IRKF\G iSIG FTMNEVKLG iSIFTMISJJG IEMNG SMIG EPQ\G ]SJG ``IRKIG PIRG _f2KIOG RKI bfTaKIG EVFG ]JfJhKG ^KIfJhKIROG FTMW^G KLG FSTMG SIG RSKG `dMK\G DLKS2SZG ]KJKLG [KSJKL W^KIG ZKVEIZJKG KLG EPQG KSIG ^LKSJKFG _KVF^EIROG REFG cWIG RKLG `dMVKG QWLJG IETM ]fR[KFJKIGQfMLJK\GXPFGRKLG^SKQKG[ELKIGhKJhJG]JSNNKIGhPGMdLKI\G`EIRFTMKSI[KLQKL VKPTMJKJKIG EPQ\G ]SKG aENKIG hPG FY`J\G eSKG SNNKLOG FWVEIZKG FSKG IPLG IETMG RKI XI[KSFPIZKIGRKLGgKIKJLEIhGMEIRKVIGaWIIJKIOGMEJJKIGFSKG[KLJcWVVKGaKSJGcKLVWLKI\ ]SKG[fLRKIGFKSIKG]YPLG^SFG RWLJMSIG cKLQWVZKIOG [WG FSKG FSTMG EPQG FJKSISZKNG [WRKI cKLVWLOGPIRGEIIKMNKIOGKLGFKSGSIGRSKG]JKYYKGMSIEPFGZKQVWMKI\G]SKG[fLRKIGRKIGbEIR RKLG]JKSIYVEJJKGE^FPTMKIOGPNGhPGKLNSJJKVIOGEIG[KVTMKLG]JKVVKGFKSIKG_`MLJKG[SKRKL hPJEZKGaEN\G[SFGREMSIG[ELGKLGV`IZFJGSIG]STMKLMKSJ\ DEFG_KVF^EIRG[PLRKGhPLG]TMVPTMJOGEPQG^KSRKIG]KSJKIGcWIGMWMKIGe`IRKIGQVEIaSKLJ\ bLZKIR[WGYV`JFTMKLJKGeEFFKL\GiSIGYEELGMPIRKLJG]TMLSJJKG[KSJKLG[fLRKGKLGEPQGKSI RSTMJKFGYK^fFTMGFJW2KI\GDEFGYK^fFTMGcKL^ELZGKSIKIG_KVFFYEVJOGRPLTMGRKIGFKSI

_VPTMJ[KZG[KSJKLQfMLJK\G]KV^FJG[KIIGFSKGFTMVSK2VSTMGKLQPMLKIOGSIG[KVTMKGbSTMJPIZ KLG FSTMG ZK[EIRJG MEJJKG fG RKIG ]YEVJG [fLRKIG FSKG ISKNEVFG QSIRKInG iLG FJWTaJK\G DKL DLEIZOG hPG LKIIKIG PIRG RKIG ]TMLSJJG ISTMJG KMKLG hPG N`2SZKIOG EVFG ^SFG KLG RPLTMG RKI _KVFFYEVJG cKLFTM[PIRKIG [ELOG MEJJKG FSTMG cKLQVfTMJSZJ\G ]JEPIKIRG NPFJKLJKG KLG RSK FJWVhKOGMWTMEPQZKLSTMJKJKG]SVMWPKJJKOGRSKGFSTMGEPQGKSIKNG_KVFKIGFTML`ZGf^KLGSMN KLMW^\Gr^STaKLnsGLSKQGKLOGSIGRKLGXPQLKZPIZGRSKGZWLFSTMJGcKLZKFFKIR\GreEFGMEFJGRP MSKLGcKLVWLKIcs j DKLGXRVKLG[EIRJKGRKIG1WYQGhPLG]KSJK\GiFG[ELOGEVFGQWLRKLJKGKLGRKIGXLaWISRKIGEPQO SIGKSIKG^KFJSNNJKGbSTMJPIZGhPGFKMKI\G]KSIG[VSTaGPNQE2JKGREFGYK^fFTMOGRKFFKI bEIRGIPLGIWTMGKSIGDPJhKIRG]KJKLGKIJQKLIJG[EL\GDSKGKIZKIGe`IRKGRKLG]TMVPTMJ ^VWTaSKLJKIGKSIKIGZLW2KIG^KSVGRKFG]JKLIKIVSTMJF\GXJVEIGKLFTMSKIGREFGDSTaSTMJOGREF FKSIKGimSFJKIhGSINSJJKIGRKLG_KVF[SVRISFGKSIKNGaVKSIKIOGYV`JFTMKLIRKIGeEFFKLVEPQ cKLREIaJKOG EVFG QWLNVWFKOG RPIaVKG ]EFFK\G X^KLG KFG KIJZSIZG SMNG ISTMJOG RE2G FSTM SINSJJKIGRKLG]EFFKGKJ[EFG^K[KZJK\ iLGRETMJKGEIGKSIG^SKL\GRKIIGKFGZE^GMSKLGPIJKIOGEPQGRKLG]WMVKGRKLG]TMVPTMJOGISTMJ RKIGVKSFKFJKIGeSIRMEPTM\G`EJJKGSMNGRKLGHI^KaEIIJKGIWTMGKSIKIG`KVQKLGZKFTMSTaJ\ DEIIGE^KLGKLFJELLJKGKLOGPIRGEVFGKLGRKIGKLFJKIG]TMLKTaGf^KL[PIRKIGMEJJKOG[STMGKL ^SFG EIG RSKG _KVF[EIRG hPLfTa\G DSKG `EIRG JEFJKJKG IETMG RKNG [VEFJKL\G rZWLFSTMJO ^STaKLsOGFEZJKGKL\Gr]SJGRKNGaKPZGME^KGSTMGPIEIZKIKMNKGiLQEMLPIZKIGZKNETMJ\s DKLGXRVKLGZE^GKSIGMEV^VEPJKFGtPELLKIGcWIGFSTM\GiFGaVEIZGPIZKRPVRSZOGEVFG[WVVKGKL RKIGXLaWISRKIGEPQQWLRKLIOGE^hP[ELJKIGPIRGaKSIKGcWLKSVSZKIG]TMVfFFKGhPGhSKMKI\ iFG[ELGREFGKLFJKG]EVOGRE2GKLGEPQGXJVEIFGeWLJKGLKEZSKLJGMEJJK\ iSIGYK[`TMFGMEJJKGFSTMGEPFGRKNGYKFJLfYYGZKVdFJ\GiFG[ELGSNG[EMLFJKIG]SIIKGRKF eWLJKFG rcWLZKJLKJKIs\G ]KSIKG `dMKG ^KJLPZG h[KSKSIMEV^G ]KJKL\G iFG [ELG cWI LKZKVN`2SZKLG _WLNG PIRG KLSIIKLJKG EIG KSIKG JKLLEISFTMKG ^EIIK\G DELf^KLG MSIEPF KLSIIKLJKGKFGXJVEIGEIGRSKGcWLSZKGUETMJOGEVFGKLGcWIGKSIKNGYKFTMdYQGRKLFKV^KIGXLJ SNG]TMVEQGEIZKQEVVKIG[WLRKIG[EL\GDSKGgQVEIhKGMEJJKGRSKG_WLNGKSIKFG[EPNKF\GE^KL SIG eSLaVSTMaKSJG [ELG FSKG cWVVG ^K[KZVSTMOG KLI`MLJKG FSTMG cWIG JSKLSFTMKIG ]P^FJEIhKI PIRG ZKMdLJKG FWNSJG SIG hKIKG 1EJKZWLSKOG RSKG RSKG uKIW^WJEISaKLG RKLG ]ekG bISJSEJScg _VWLEG IEIIJKIG vSNG YKZKIFEJhG hPLG ZKZKJEJScg_VWLEOG RKLG RSKG MELNVWFKI gQVEIhKI^K[WMIKLG RKLG iLRKG EIZKMdLJKIw\G e`MLKIRGXJVEIG REFG FKVJFENKG eKFKI IWTMGNS2JLEPSFTMGNPFJKLJKOGZSIZGNSJGRSKFKNGKSIKGFKVJFENKGZKL`IRKLPIZGcWLGFSTM\ iFGFTMLPNYQJKGPIRG[PTMFGRE^KSGSIGRSKG[LKSJK\GDKLG]TMLPNYQYLWhK2GREPKLJKGEIO ^SFG RSKG `dMKG RKLG gQVEIhKG IPLG IWTMG TE\G xOyzG NG ^KJLPZ\G XJVEIG MEJJKG SIG RKL cKLZEIZKIKIG UETMJG KLQEMLKIOG RE2G RSKG _FJKG SIG eSLaVSTMaKSJG ^KIJEaKVIG PIRG RSK

cKLZEIZKIKIG UETMJG KLQEMLKIOG RE2G RSKG _FJKG SIG eSLaVSTMaKSJG ^KIJEaKVIG PIRG RSK UERKVIG]EPZaEYSVVELKIG[ELKI\GDKIIWTMGQEFhSISKLJKGSMIGRSKGYKFTMNKSRSZaKSJOGNSJ RKNGREFGYK[`TMFGFKSIKG_WLNGhPG`IRKLIGcKLNWTMJK\GXIGRKLG]YSJhKGKIJFJEIRGKSIK ZKLRSTaPIZ\GDWLJOG[WGRSKGgQVEIhKGSIGRSKG[LKSJKGZKZEIZKIG[ELOG^SVRKJKIGFSTMGh[KS imJLKNSJ`JKIOG RSKG cKLh[KSQKVJG EIG NKIFTMVSTMKG XLNKG KLSIIKLJKI\G DKLG XLaWISRK cKLZE2G hPG RKIaKI\G ]KSIG ZKLFJEIRG [ELG EPFFTMVSK2VSTMG NSJG RKNG [KW^ETMJKI ^KFTM`QJSZJ\GiLGFEMOG[EFGKLGcWLKLFJGIWTMGISTMJG^KZLKSQKIGaWIIJKOGPIRGFYKSTMKLJKGKF QfLGRKIGa[KTaGFY`JKLKLGXIEVpFK\GDSKGZKL`IRKLPIZOGRSKGREFGYK[`TMFGcWVVhWZOG[EL FYPaMEQJOG ZKFYKIFJSFTM\G ZWLGXJVEIFGXPZKIG [PLRKG EPFG KSIKNG ^EIIKI^EPNG KSIK MPNEIWSRKG YKFJEVJ\G iFG SFJG RPIaKVOG LKRKJKG KLG FSTMG cKLh[KSQKVJG KSI\G bTMG aEIIG REF EVVKFG ISTMJG FWG ZKIEPG FKMKI\G [KSG kSTMJG ^KJLETMJKJOG [`LKG KFG [EMLFTMKSIVSTMG ISTMJ MEV^GFWGKSIRLPTaFcWVV\ DSKGgQVEIhKGQPMLGQWLJOGFSTMGIKPGhPGQWLNKI\GiSIG]TMEPRKLGRKFGiIJFKJhKIFGVSKQGRKN XLaWISRKIGf^KLGRKIGbfTaKIOGEVFG^KSGKSIKLGLEFTMKIG[K[KZPIZGREFG]JKLIKIVSTMJ RKIG NKIFTMKI`MIVSTMKIG 1WYQG JLEQG PIRG LKQVKaJSKLJG [PLRKG fG cWIG h[KSG XPZKIG SN ]TM`RKVG RKFG gFKPRWMPNEIWSRKInG DSKG _FJKG PIRG UERKVIG [ELKIG V`IZFJ cKLFTM[PIRKI\GDEFGYK[`TMFG[ELGhKJhJGKSIKGQKFJKOGaWNYEaJKG]EFFKGfGPIRGIWTM SNNKLG[ELGRSKGZKL`IRKLPIZGISTMJGE^ZKFTMVWFFKI\GeSKGcWIGKSIKNGPIJKL^K[P2JKI a[EIZGZKJLSK^KIOGJLEJGXJVEIGEPQGREFGPIMKSNVSTMKGYKFTMdYQGhP\GeEFGKLGFEMOGVSK2 SMNGREFG[VPJGSIGRKIGXRKLIGKLFJELLKI\GDEFGYKFSTMJOGREFGKLGKL^VSTaJKOG[ELGfG^SFGEPQ RSKGPIIEJfLVSTMKG[V`FFKGfGREFGFKSIKnGDEFGEIZK^WLKIKGYLfIGRKLGgQVEIhKGKSZIKJK FSTMG cWLhfZVSTMOG RKIG _EL^JWIG RKLG ]ekHISQWLNG IETMhPEMNKI\G DKLG VWTaKL ZKaIdYQJKG 1LEZKIG RKLG ]WIJPLG FTMVW2G FSTMG PNG RKIG ^VKSTMKIG `EVF\G XPQZKFKJhJK ^EFTMKIG [ELKIG KLFTMSKIKI\GXPFG RKIG _LNKVIG LEZJKIG QfIQQSIZLSZKG ``IRKOG K^KIFW ZKFYKIFJSFTMG ^VE2G [SKG REFG YKFSTMJ\G DSKG _f2KG FJEaKIG SIG RKL^KIOG MKVV^LEPIKI ]JSKQKVIGfGRKLFKV^KIGXLJG]JSKQKVOGRSKGEPTMGXJVEIGJLPZ\ DKLGgLWhK2GRKLGZKL`IRKLPIZG[ELGE^ZKFTMVWFFKI\GZWLGXJVEIGFJEIRGFKSIGi^KI^SVR\ iFG[ELGISTMJGYKLQKaJ\GbNG^EZKFVSTMJGM`JJKGKFGKSIKLGEPQNKLaFENKIGgLfQPIZGaKSIK ]KaPIRKG VEIZG FJEIRZKMEVJKI\G X^KLG KFG [ELG UETMJ\G XJVEIG KLaEIIJKG YVdJhVSTMG RKI ]SIIGRKFG]PNNKIFTMEIhKF\GiFG[ELGEPTMGISTMJGZKYVEIJOGRKIGgFKPRWMPNEIWSRKI SLZKIRG hKNEIRG fG EP2KLG SMNG FKV^FJG fG EPFG RKLG U`MKG cWLhPQfMLKI\G XPFG FSTMKLKL DSFJEIhGFWVVJKGKFGQfLGXJVEIGZKMEVJKIG[KLRKI\GREFGZKIfZJK\ UPLGNSJG]fMKGVdFJKGRKLGXLaWISRKGFSTMGEPFGFKSIKLG]JELLK\G^STaKLGLfJJKVJKGRLW^KIGEPQ FKSIKNG_KVFKIMWLFJ\ rYKRPVROGYKRPVRsOGNPLNKVJKGXJVEIOGRKLGFKSIKG_EFFPIZGEVVN`MVSTMG[SKRKLZK[EII\ r]WGKJ[EFGNP2GNEIGKLFJGKSINEVG\\\GcKLREPKI\sGX^KLG^STaKLGVSK2GaKSIKIGiSIFYLPTM ZKVJKI\GiLGaVEJFTMJKGNSJGRKIG]TM[SIZKIGPIRGZE^GhPGcKLFJKMKIOGRE2GRSKGaKSJGRKF

XPQ^LPTMFGZKaWNNKIGFKS\ j ^STaKLGcKLFTM[EIRGSIGRKLGUETMJGPIRGJEPTMJKGh[KSGWRKLGRLKSG]KaPIRKIGFY`JKLGKSI YEELGDPJhKIRG]KJKLGKIJQKLIJG[SKRKLGEPQ\GDSKFKGgLWhKRPLG[SKRKLMWVJKGKLGKSIG]EV PNFG EIRKLKG PIRG ^KFJ`JSZJKG FSTMG FWNSJG EVFG eKZ[KSFKL\GXJVEIOG IWTMG SNNKLG PIJKL RKNGiSIRLPTaGRKFGFWK^KIG iLVK^JKIOG QWVZJKG SMNG [SVVSZOG PIRG MSIJKLG SMNG MKLG FTMLSJJ REFGgQVEIhKI[KFKIOGFKSIGDWYYKVZ`IZKL\ DKLG1PLFOGRKIGRKLGXRVKLGKSIFTMVPZOG[ELGKSIGEIRKLKLGEVFGRKLOGRKIGRKLGXLaWISRKGEPQ RKNG `KL[KZG ZKIWNNKIG MEJJK\G XIG KSIKLG ]JKVVKOG RSKG MdTMFJKIFG QfIQhKMIG ]KJKL f^KLG RKNG UScKEPG RKLG ]JKYYKG VEZOG KLLKSTMJKIG FSKG RKIG dFJVSTMKIG XPFV`PQKLG RKF [KLZKF\G ^STaKLG FE2G MWTMG RLW^KIG EPQG KSIKLG _KVFIERKVG PIRG VSK2G XJVEIG NSJG RKN gQVEIhKI[KFKIG MKLEIaWNNKI\G iLG NETMJKG aKSIKG XIFJEVJKIOG cWIG IKPKN REcWIhPQVSKZKI\GDEFGiIRKGRKFGeKZKFGFTMSKIGKLLKSTMJ\ XJVEIGaEPKLJKGFSTMGISKRKL\Ga[SFTMKIG_KVF^VdTaKIGMSIRPLTMGZSIZGRKLG[VSTaGMSIEPF EPQGRSKG[KSJKG_V`TMKGRKLG]JKYYK\GkSTMJKLGJEIhJKIGRWLJGPIJKIOGQKLIKG]JSNNKIG[ELKI hPGMdLKI\G]SKGFPTMJKIGIETMGFKSIKLG_`MLJK\GHINSJJKV^ELGcWLGSMNG^KZEIIGKSIGgQERO RKLGIETMGVSIaFGMSIGEIGRKLG[KLZ[EIRGKIJVEIZGSIGRSKG^SKQKGQfMLJK\GiLG[ELG^LKSJGPIR ^KqPKNOG FKSIKG UKSZPIZG FEIQJG PIRG PIZKQ`MLVSTM\G DEFG [ELKIG DSIZKOG EPQG RSKG KF EIaENOG KLaEIIJKG RKLGXLaWISRK\G DEFG gQVEIhKI[KFKIG NWTMJKG WMIKG ]fMKG SIG RKL kEZKG FKSIOG FKSIKG YKFJEVJG PIRG FKSIG _P2KLKFG IETMhPEMNKI\G E^KLG FSTMG [SKG KSI `PNEIWSRKGhPG^K[KZKIOGREhPG^KRPLQJKGKFGKSISZKLGd^PIZ\GZWIGKSIKLG_`MSZaKSJOGhP aVKJJKLIG PIRG PNQEIZLKSTMKG `SIRKLISFFKG hPG f^KL[SIRKIOG aWIIJKG ISTMJG RSKG bKRK FKSI\G ]WVVJKG RKLG gFKPRWgXJVEIG KLQWVZLKSTMG KSIZKFKJhJG [KLRKIOG REIIG NP2JKG NEI SMNGMSIRKLISFQLKSKFGYKV`IRKGcKLFTMEQQKI\GiSIGYEELG]SIPJKIGcKLZSIZKI\GDEFGbPQKI PIRG ]TMLKSKIG RLPIJKIG SIG RKLG i^KIKG [PLRKG MKaJSFTMKL\G XJVEIG aWIIJKG FSTM EPFLKTMIKIOG [EFG ZKFTMKMKIG [EL\G ]SKG MEJJKIG RSKG _KVFYVEJJKOG RSKG ENG _P2G RKF [KLZKFGcWLZKVEZKLJG[ELOGE^ZKFPTMJGPIRGQKFJZKFJKVVJOGRE2GFKSIKG_`MLJKGSLZKIR[W [SKRKLGhPNGZWLFTMKSIGaEN\G]SKG[P2JKIOGNSJGEIRKLKIGeWLJKIOGRE2GKLGISTMJGMSIEPF SIGRSKG]JKYYKOGFWIRKLIGMSIEPQGSIGRSKG[KLZKGZKQVWMKIG[EL\GDSKGJEIhKIRKIGkSTMJKL RKLG`EIRFTMKSI[KLQKLGI`MKLJKIGFSTM\GDSKG]JSNNKIG[PLRKIGVEPJKL\GiLGFTM`JhJKGRSK aEMVGRKLG]PTMKLGEPQGh[EIhSZG^SFGQfIQPIRh[EIhSZ\GDSKFNEVGMEJJKG1KLIKFFG]pVWJJE REQfLG ZKFWLZJOG RE2G KSIKG aL`QJSZKG eETMNEIIFTMEQJG EIG [WLRG RKLGXb]iUXkjl1 ^VSK^\G bIG LPIRG KSIKLG ]JPIRKOG FTM`JhJKG XJVEIOG [fLRKG ]hESVENG REFG [K[P2JFKSI [SKRKLKLVEIZKI\G iFG [ELG RENSJG hPG LKTMIKIOG RE2G NEIG RKIG ^KVKYWLJKL cWLEPFFTMSTaJKOG REFG YKV`IRKG hPG FWIRSKLKI\G DEFG aWIIJKG ZKQ`MLVSTMG [KLRKI\ eKVTMKGgV`IKGMEJJKG^STaKLc

iLG ^VSTaJKG hPLG _KVFIERKVG MSIEPQG PIRG FJKVVJKG f^KLLEFTMJG QKFJOG RE2G RKLG XRVKL cKLFTM[PIRKIG[EL\GeELGKLGEPQZKQVWZKIOGPNGFKSIKIG[KZVKSJKLGKSIG[KSJKLKFG]JfTa RKFG eKZKFG hPG hKSZKIcG HI[EMLFTMKSIVSTM\G NEIG M`JJKG REFG 1VEJFTMKIG FKSIKL ]TM[SIZKIGZKMdLJ\GXJVEIGVKZJKGRKIG1WYQGSIGRKIGUETaKIGPIRGNPFJKLJKGRSKG]JKVVKO EIG RKLG REFG ^SKLG cWLG aPLhKNG IWTMG ZKFKFFKIG MEJJKOG NSJG aWIhKIJLSKLJKL XPQNKLaFENaKSJ\GDEG[ELGSMNOGEVFGF`MKGKLGZKZKIGRKIGMKVVZLEPKIG`SIJKLZLPIRGRKL [KLZ[EIRGKSIKIGFTM[ETMKIOGaEPNG[EMLIKMN^ELKIGHNLS2OGKSIKIG]TMEJJKIOGRKL EII`MKLIRG^STaKLFGYKFJEVJGMEJJK\G]KSIGiLVK^ISFGcWIGcWLGRLKSG^EZKIGQSKVGSMNG[SKRKL KSI\GXVFG KLG cWLG RKLG `dMVKG FE2OG MEJJKG KLG REFG ]TMVEZKIG RKLG ]TM[SIZKIG SIG FKSIKL U`MKGZKMdLJOGE^KLGISTMJFGZKFKMKI\GiLFJGXPZKI^VSTaKGFY`JKLG[ELGRKLGXRVKLGW^KI EPQG RKLG [EFJSWIG NEJKLSEVSFSKLJ\G [KFE2G ^STaKLG RSKG YE^KOG FSTMG PIFSTMJ^ELG hP NETMKIcGUETMGEVVKNOG[EFGKLGSNGZKLVEPQGRKLGcKLZEIZKIKIGFSK^hSZG]JPIRKIGKLVK^J MEJJKOG[ELGXJVEIGFKSIKLG_`MSZaKSJOG]dZVSTMKFGPIRGHINdZVSTMKFGhPGPIJKLFTMKSRKIO ISTMJGNKMLGFWGFSTMKL\G_EVVFGRKLGXRVKLGKFGcKLFJEIROGSIGRKIG]EIJKVGRKLGHIFSTMJ^ELaKSJ hPG FTMVfYQKIOG REIIG MEJJKG KLG ZK[S2G RKIG LKTMJKIG XPZKI^VSTaG ZK[`MVJOG FSTMG RKF ]EIJKVFGhPG^KRSKIKI\GDKLGKLFJKGSIGRSKG`dMKGZKLSTMJKJKG]TMKSI[KLQKLFJLEMVGM`JJK SMIG FWIFJG KLQEFFKIG NfFFKIOG PIRG RE2G REFG XLFKIEVG SIh[SFTMKIG NS2JLEPSFTM ZK[WLRKIG[ELOG[EFG^STaKLFGbWVVKGEIZSIZOGRELEIG^KFJEIRGaKSIGa[KSQKV\ XPFG RKLG `dMKG aENG KSIG VKSFKFOG PILKZKVN`2SZKFG JSTaKIRKFG YKL`PFTM\G iSI cKLZIfZJKFG YLSIFKIG MPFTMJKG f^KLG REFG YKFSTMJG RKFGXLaWISRKI\G DKLGXRVKLG cKLVWL FKSIKIG YVKSTMNPJG ISTMJ\G iLG ^KIfJhJKG RSKG aPLhKG gEPFKOG PNG FKSIG YKQSKRKLG hP F`P^KLI\ iSIGbEFTMKVIGVSK2GXJVEIGEPQFTMLKTaKI\GDKLGgFKPRWMPNEIWSRKGMEJJKGFSTMG^K[KZJ\ DEFG kSTMJG RKLG ]JKLIKG QSKVG SMNG SIFG YKFSTMJG PIRG VSK2G RKIG PIZK[dMIVSTMG FJELLKI XPFRLPTaGFKSIKLGXPZKIGKLaKIIKI\GXJVEIG[STMGPI[SVVafLVSTMGhPLG]KSJK\GiLG[P2JKOGRE2 REFG ZLWJKFaKG ^MKEJKLFJfTaG hPG FKSIKIG YPIFJKIG ZKFYSKVJG [PLRKOG E^KLG REF JLEIFQWLNSKLJKGgQVEIhKI[KFKIG[ELGSMNGSNNKLGIWTMGPIMKSNVSTM\ iFG FTMLSJJG EIG SMNG cWL^KSG PIRG JLEJG MSIEPFG EPQG RKIG gQEROG RKLG EIG RKLG [KLZ[EIR KIJVEIZQfMLJK\GeWMKLG[P2JKGKFOG[EFGKFGhPGJPIGMEJJKcGeKLGMEJJKGSMNGZKFEZJOGRE2 KFGFSTMGhKJhJGSIG[K[KZPIZGFKJhKIGNP2JKcG1ENGRKLG[KQKMVGcWIG^STaKLGfGWRKLGMEJJK RKLGHI^KaEIIJKGFKV^FJGKSIZKZLSQQKIcGXJVEIG^VSTaJKGSIGRSKG`dMKOGE^KLGRKLGXRVKLG[EL IWTMGSNNKLGPIFSTMJ^EL\GDEFGMEV^VEPJKG^STaKIG[ELGcKLFJPNNJ\ DKLGgFKPRWMPNEIWSRKGFTMLSJJGENG`EIZGRKFG[KLZKFGKIJVEIZ\GiLG^K[KZJKGFSTMGNSJ aPLhKIOG cWLFSTMJSZKIG ]TMLSJJKIG PIRG ZSIZG VKSTMJG cWLIf^KLZK^KPZJOG PNG REF YVKSTMZK[STMJGhPGFSTMKLI\GDSKGXLJGFKSIKLG_WLJ^K[KZPIZG[SLaJKGIEJfLVSTMOG[SKGRSK KSIKFGDSK^KFOGRKLGFSTMGRPLTMGRSKGUETMJGFJEMV\

ZWIGPIJKIGLSKQGhKNEIRi r`KOGREGW^KIGSFJG[EFnGbTMGMdLKG]JKSIKGLWVVKIG\\\s DEFG[ELG[PhhGbKTaVWIFG]JSNNK\GXJVEIGaWIIJKGRKIG]JEIRWLJGRKFG^KTMISaKLFGcWI RKLGXb]iUXkjl1GISTMJGEPFNETMKI\GiLG^KQEIRGFSTMGEP2KLMEV^GFKSIKFG[VSTaQKVRFO PINSJJKV^ELGENG_P2GRKLG_KVF[EIR\ ]TMKSI[KLQKLFJLEMVKIGhPTaJKIGRPLTMGRSKGUETMJ\GYLKVVKGkSTMJaLKSFKGMPFTMJKIGf^KL REFGZLEPKGYKFJKSI\GiSIKLG^KaENGRKIGgFKPRWMPNEIWSRKIGhPGQEFFKIOGZVSJJG[KSJKLO aKMLJKGhPLfTaG\\\ rDWLJnsGiSIGJLSPNYMSKLKIRKLG]TMLKS\GrDEFGSFJGRKLGXLaWISRKns DSKG kSTMJ^EMIKIG RKLG ]TMKSI[KLQKLG cKLKSISZJKIG FSTM\G DEFG gQVEIhKI[KFKIG [EL FJKMKIZK^VSK^KIOG SIG ZVKS2KIRKG `KVVSZaKSJG ZKJEPTMJ\G iFG MW^G RSKG XLNKG hPG KSIKL YKFJKG RKLG `SVQVWFSZaKSJ\G iSIG _EPTMKIG PIRG 1IEVVKIG RLEIZG RPLTMG RSKG UETMJ\G XI [KISZFJKIFG hKMIG ]JKVVKIG FEMG XJVEIG RSKG ZVfMKIRKIG iIKLZSKQSIZKLG RKLG [VEFJKL EPQVKPTMJKI\GiSIGKIJFKJhVSTMKLOGZLEPKIcWVVKLG]TMLKSGZKVVJKGEPQ\GDEFGgQVEIhKI[KFKI [ELGSIG_VENNKIGZKMfVVJ\GiFGIKSZJKGFSTMGcWLIf^KLOGcKLVWLGRKIG`EVJGPIRGFJfLhJKGf^KL RSKG_KVFaEIJKGMSI[KZ\ UWTMG SNG ]JPLhG KLMSKVJG KFG NKMLKLKG ^LKQQKLOG RSKG FKSIKG ]P^FJEIhG EJWNSFSKLJKI\G iSI aISFJKLIRKLG_PIaKILKZKIGFEIaGEIGRKLG[KLZ[EIRGKIJVEIZGSIGRSKG^SKQK\ XJVEIGFTMVW2GRSKGXPZKI\GiLG[ELGXPZKIhKPZKGRKFG]TMSTaFEVFGZK[WLRKIOGREFGRKL PIKL^SJJVSTMKGYKZIKLGSMNGhPZKRETMJGMEJJK\ j iLG MdLJKG ^STaKLFG ]TM[SIZKIFTMV`ZKOG E^KLG KLG FEMG ISTMJG EPQ\G iLG FTMPVRKJKG RKN XRVKLGDEIaOGE^KLGREFG[fLRKG[ELJKIGNfFFKI\GbNGXPZKI^VSTaG[ELGSMNGISTMJGIETM DEIa^ELaKSJGhPNPJK\GDKLGQfLTMJKLVSTMKG]TMLKSGRKFGgFKPRWMPNEIWSRKIGZKVVJKGSMN IWTMG SIG RKIG eMLKI\G iLG MEJJKG ISTMJG ZK[P2JOG RE2G REFG gQVEIhKI[KFKIG RSK NKIFTMVSTMKG ]JSNNKG FSNPVSKLKIG aWIIJK\G iFG [ELG KSIG ZL`2VSTMKLG kEPJG ZK[KFKIO PI[SLaVSTMGPIRGRKIIWTMGcWIGKTMJKNG]TMNKLhGKLQfVVJ\GeEFGSFJGREGZKFJWL^KInGQLEZJK KLGFSTM\GeELGKFGKSIKGgQVEIhKOGWMIKGiNYQSIRKIOGNSJGSMLKLGHN[KVJGMdTMFJKIFGRPLTM RSKG_`RKIGKSIKFGRPNYQKIOGYLSNSJScKIGbIFJSIaJFGcKL^PIRKIOGRKLKIGX^VK^KIGNEIGNSJ RKLFKV^KIG YVKSTMZfVJSZaKSJG hPLG 1KIIJISFG IEMNG [SKG REFG ZKL[KVaKIG KSIKLG [VPNK WRKLGREFGUSKRKL^LKIIKIGKSIKLG`KTaKcGeRKLG[ELGKFGKSIGQfMVKIRKFOGNSJGRKLGYE^K RKLGeEMLIKMNPIZGZKFKZIKJKFGYKFTMdYQGZK[KFKIOGVWZSFTMKIGDKIaKIFGcSKVVKSTMJ

PIQ`MSZOGE^KLGRKF[KZKIGISTMJG[KISZKLGKNYQSIRFENGEVFGKSIG\\\GEVFGKSIG]KIFTMc iLGQEIRGaKSIKGXIJ[WLJ\GDSKG_LEZKIGqP`VJKIGSMI\GiLGQfMVJKGFSTMGFTMPVRSZ\GiLGM`JJK ISTMJG hPVEFFKIG RfLQKIOG RE2G FSTMG REFG QLKNRKG eKFKIG QfLG SMIG WYQKLJK\G iFG FYSKVJK aKSIKG bWVVKOG RE2G RSKG bRKKG ISTMJG cWIG SMNG EPFZKZEIZKIG [EL\G iLG FJPJhJK\G eKFFKI gVEIG [ELG KFG ZK[KFKIcG ^STaKLFcG DEFG M`JJKG bIJKVVSZKIhG EPQG FKSJKIG RKFG XRVKLF cWLEPFZKFKJhJOGKSIGaPZKFJ`IRISFOGREFGRKLGXLaWISRKGhPGNETMKIGIWTMGISTMJG^KLKSJ [EL\G^STaKLFGZKMKSNISFcWVVKLGXPQJLEZZK^KLcGeKLG[ELGKLcGHIRG[SKGMEJJKGKLGKSIK FWVTMKGbRKKGKIJ[STaKVIGadIIKIc iLGKNYQEIRGHI^KMEZKIOGEVFGKLGRELEIGRETMJKOG[KVTMKGYKREIaKIGSMNGRPLTMGRKI 1WYQG ZKZEIZKIG [ELKIOG [`MLKIRG KLG FSTMG EPQG RSKG `dMVKG hPFTMVSTMG fG aPLhG ^KcWL ]hESVENGEPQJEPTMJK\GiLGMEJJKGf^KLVKZJOGRE2GKFGYLEaJSFTMGZK[KFKIG[`LKOG[KIIGKL ^KSGRKLG_VPTMJGcWIGRKLGXb]iUXkjl1GKSIKGimYVWFSWIFaEYFKVG^KSGFSTMGZKJLEZKI M`JJKOG[KIIGKLGRKIGYKZIKLGM`JJKGZVEP^KIGNETMKIGadIIKIOGKLGFKSGJWJ\GeKIIGFSTM REFG XLFKIEVG ISTMJG NKMLG PNG SMIG afNNKLJKOG [KSVG KFG SMIG QfLG EPFZKFTMEVJKJG MSKVJO [fLRKGKLGFKSIKGgV`IKGPNGFWGVKSTMJKLGRPLTMQfMLKIGadIIKI\ ]WG MEJJKG KLG ZKRETMJ\G jKNEIRG fG KJ[EFG fG RKLG ZKMKSNISFcWVVKG HI^KaEIIJKG MEJJK FKSIKGYKREIaKIGEPQZKIWNNKI\GeELG^STaKLGSIGRKLGU`MKGZK[KFKIcGiLG[P2JKGKF ISTMJ\GX^KLGKFGZE^GaEPNGKSIKIGa[KSQKVGRELEIOGRE2GRKLGYKREIaKOGFKSIKIG^WRGhP QSIZSKLKIOGFKSIKNGKSZKIKIG[K[P2JFKSIGKIJFYLPIZKIG[EL\GiSIGEIRKLKLGMEJJKGFSTM RSKGbRKKGhPGKSZKIGZKNETMJGPIRGFSKGEPFZKQfMLJ\ DEFG[ELGNKMLGEVFGPIMKSNVSTM\GKFG[ELGQPLTMJKLLKZKIR\GZWIGhKJhJGEIG[fLRKGKLGEPQ hKRKIG FKSIKLG YKREIaKIG ETMJKIG NfFFKI\G USTMJG cWLhPFJKVVKIOG [KVTMK ]S2cKLFJ`IRISFFKG FWIFJG KIJFJKMKIG adIIJKI\G iSIKG hWLISZKG bKZPIZOG RSKG FSTMG EPQ ]pVWJJEGWRKLG]hESVENG^KhWZGfGPIRGbKZPIZKIGFWVTMKLGXLJG[ELKIGSIGRSKFKIG^EZKI aKSIKG]KVJKIMKSJGfOGPIRGRKLGPIMKSNVSTMKGZKL^fIRKJKGEaJScSKLJKGFKSIKG1L`QJKOGPN RKIGDLKS`PZSZKIGWRKLGRKIG^KVKYWLJKLGPNhP^LSIZKInGeMIKG1WNNPISaEJSWIGaWIIJK REFG [fIRISFG hPLG 1EJEFJLWYMKG QfMLKI\G X^KLG NSJG [KNG FWVVJKG KLG aWNNPIShSKLKIc ^STaKLGLKEZSKLJKGISTMJOGPIRGFKSIGXPQJLEZZK^KLGMSKVJGFSTMGSNGcKL^WLZKIKI\GDLPIJKIO ENGbEIRGRKLGi^KIKOG[ELGKFGLPMSZGZK[WLRKI\GDSKGkSTMJKLGRKLG`EIRFTMKSI[KLQKL [ELKIGcKLVWFTMKIOGRKLG1VEIZGRKLG]JSNNKIGEVVN`MVSTMGcKLK^^J\GXPFGRKLG]STMJGRKF ^EaJSaKLFG[ELGRKLGiSIFEJhGRKLGgQVEIhKGKSIGcWVVKLGiLQWVZGZK[KFKI\G]SKG[ELGSNG]JPLh hKLFJ`P^JG[WLRKIOGPIRGRSKG^PL^PVKIhKIOGRSKGcWIGRKIGMKS2KIGiIKLZSKFJLEMVKIGRKL [VEFJKLG KLhKPZJG [PLRKIOG MEJJKIG SMLKG ]P^FJEIhG f^KLEVVMSIG cKLFJLKPJ\G eKIIG ISTMJ 1KLIKFFG]pVWJJEOGFWG[fLRKGhPNSIRKFJGXIJSgi]G[SFFKIG[WVVKIOGW^GKFG[SLaVSTMGRKL XLaWISRKG[ELOGRKNGNEIGREGRKIGYELEPFGZKNETMJGMEJJK\GiSIKGTMKNSFTMKGXIEVpFK RKLG bKFJFP^FJEIhG M`JJKG RKIG ]TM[SIRKVG FWQWLJG EIFG ^EZKFVSTMJG ZK^LETMJ\GX^KLG KF

ZE^G aKSIKIG bKFJ\G iFG [ELG ISTMJFG f^LSZZK^VSK^KI\G DSKG XIEVpJSaKLG MEJJKIG aKSIK oMEITK\ ^STaKLFG ]TM[SIZKIFTMV`ZKG aIEVVJKIG [SKG KSIKG FTM[KLKG gKSJFTMK\G ]SJG ZKLSIZKN bIJKLKFFKGFEMGXJVEIGSIGRSKG`dMK\GiLGZE^GRKNGXRVKLGKSIKIG^KSVGRKLG]TMPVRGEIGRKN XPQLPMLOG RKLG SIG FKSIKLG ]KKVKG JW^JK\G ]TMVSK2VSTMG [ELG KLG KFG ZK[KFKIOG RKLG RKN gQVEIhKI[KFKIGhPNG]KV^FJNWLRGcKLMWVQKIGMEJJK\ X^KLG[EFGKLGFEMOGLS2GSMIGEPQGRSKG[KSIK\G^STaKLGQVEJJKLJKGMKaJSFTM\GiLGNETMJKGISTMJ FKSIKIG f^VSTMKIOG KVKZEIJKIG kEIRKEIQVPZOG FWIRKLIG FKIaJKG FSTMG cKLJSaEVG EPFG RKL `dMKG MKLE^\G iLG JLPZG KSIKG FTM[KLKG kEFJOG KSIKIG FTMVEQQKIG NKIFTMVSTMKIG 1dLYKL\ XJVEIG KSVJKG SMNG hPG `SVQK\G iLG IEMNG SMNG RSKG kEFJG E^G PIRG VSK2G FSKG FEIQJG hPG [WRKI ZVKSJKI\GiLVKSTMJKLJGFTMW2G^STaKLGSIGRSKG`dMKGPIRGIEMNGFKSIKIGQLfMKLKIGgWFJKIGEPQ RKLG ]YSJhKG RKLG _KVFIERKVG [SKRKLG KSI\G XJVEIG aISKJKG IK^KIG RKLG LKZVWFKIO ^K[P2JVWFKIGYKFJEVJ\ iFG[ELG^pELS\

67 DEFGHIJKLMFHGNMOHPFHGQRSFHGTUVVFSGWFXMEXYGDFSGZR[GKRMMFG\OG[SROFHG]F[UHHFHYG^L QRSGQEJKME[_GPR`GLEFGPFHGNMRHPUSMGPFLGaSLFHRVLGLUGQFEMGQEFGbc[VEJKGKEHMFSGLEJK \OS2JXVEF`FH_G]FTUSGZ3RSEGQEFPFSG\OGLEJKGXRbYGaMVRHG4SR[MFGLEJKGTFS\QFE4FVM_GQEFGFS ZEJXFSGTFSPFOMVEJKFHGLUVVF_GQRLG\OG[FLJKFKFHGKRMMFYGa]FSGZEJXFSG2]FSSRLJKMFGEKH_ EHPFbG FSG TUHG LFEHFbG WUSLMG KFSR]4VRMMFSMFG OHPG QEFG L5EFVFSELJKG HRJKG LFEHFH NJKOVMFSHG[SE44G6GU44FH]RS_GObG]FXRHHM\O[F]FH_GPR`GFSGEKHGR]MSRHL5USMEFSFHGQUVVFY 7]FSSRLJKMGQFKSMFGPFSGaSXUHEPFGR]YG^SG[SE44GPFSG8FQO`MVULFHGOHMFSGPEFGaSbFGOHP LMFVVMFGLEFGRO4SFJKMYG^SGKEFVMGLEFGLU_GPR`GPFSGaPVFSG]F9OFbG\O[SFE4FHGXUHHMFYGZEJXFS TFSLMRHPGLU4USMYG^SGVF[MFGZ3RSEGLFEHFG:VROFHGObGPEFGNJKOVMFSH_G;FG42H4G:SRVVFHGHRJK TUSHF_GPEFGDRObFHXSRVVFGRO4GPFHG<2JXFHYGDEFGaSM_GQEFGFSG\O5RJXMF_GFSXVISMFGPEF NMSEFbFH_G PEFG aMVRHG RbG =RJKbEMMR[G PFLG TFS[RH[FHFHG ZR[FLG RO4G LFEHFSG WROM FHMPFJXMG KRMMFYG DRLG LMIHPE[FG NJKQEH[FHLJKVR[FHG FS\FO[MFG EHG PFSG ^H[FG PFS >FVLFHGFEHFHGQRKSFHG?SXRHYGNJKVEF`VEJKGR]FSGKRMMFGZEJXFSGLFEHFG@RLMG4FLMGEbGASE44Y ^SLMROHVEJKGb2KFVULGLMSF]MFGFSGEHGPEFGWcKFYGBH\QELJKFHG[SROMFGPFSG³US[FHY =RJKG N2PFH_G EHG PFSG PFSG WcKVFG R][FQRHPMFHG <EJKMOH[_G LMSEJKG PRLG XSI4ME[FG ZEFS PRTUHYGaMVRHG LRKG EKbG HRJK_G ]ELG FLG EbG ´QEFVEJKMG PFSG ]F[EHHFHPFHG DIbbFSOH[ TFSLJKQOHPFHGQRSYGa]FSbRVLGQRSGEKbGFEHGµOHLJKGFS42VVMGQUSPFHYGaVLGFSGHRJKGPFb bE`VOH[FHFHG ¶USLMU`G RO4G PEFG a
aVLGFSGZ3RSEG4V2JKME[GOHMFSLOJKMF_GKRMMFGFSGFEHFGµOHPFGRHGEKSFSGNJKVI4FG[F4OHPFHY ^SGXUHHMFGLEJKGRHG\QFEG>EH[FSHGKFS\IKVFH_GPR`GFLGPEFLFGµOHPFGQRS_GTUHGPFSGPEF 8FQO`MVULE[XFEMG KFSS2KSMFYG DEFG >SR[FG QRS½G WRMMFG ZEJXFSG Z3RSEG ]FQO`MVUL TUS[F4OHPFHGUPFSGKRMMFGFSGLEFGRO4GES[FHPFEHFGµFELFG]FLEHHOH[LVULG[FbRJKM_GQFEV FSGQO`MF_GPR`GLEFGLUHLMGPEFG»FHFMSRH\GRVRSbEFSFHGQ2SPFºGDEFGVFM\MFSFG¶FSbOMOH[ LJKEFHGPFbGaPVFSG4RLMGbR[ELJKFG>IKE[XFEMFHG\OGOHMFSLMFVVFH¼GR]FSGaMVRHGQRSGLFEM ;2H[LMFbG]FSFEM_GLFV]LMGPEFGF¾UMELJKLMGRHbOMFHPFHG^SXVISOH[FHGEHG^SQI[OH[G\O \EFKFHYGaVLGZEJXFSG\OS2JXXFKSMF_GLJKU]GLEJKGQFEMGEbG?LMFHGPEFGNUHHFGF]FHG2]FS PFHGWUSE\UHMYGaMVRHGXUHHMFGLEFGHEJKMGLFKFH_GR]FSGFSGLRKGPEFGVRH[FHGNJKRMMFHGPFS 8FS[FGRO4GPFSGQFEMFHG>VIJKFGPFSGNMF55FGbRMFSERVELEFSFHYGDFSGaPVFSGHRKbGEKHGRO4 OHPG 4VU[G bEMG EKbG HRJKG N2PFHG PRTUHYG ´FKHG :EVUbFMFSG TUHG PFSG WcKVFG FHM4FSHM LJKQFHXMFGFSGHRJKGµFLMFHGFEHGOHPG2]FS9OFSMFGPEFGNMF55FYG^SGbRJKMFGHEJKMGFKFS KRVM_GRVLG]ELGFSGPEFGW2[FVXFMMFGFSSFEJKMGKRMMF_GPEFGPEFG^]FHFGEbGµFLMFHG]F[SFH\MFY BHG FEHFSG ]FQRVPFMFHG NFHXFG \QELJKFHG \QFEG W2[FVHG VR[G PRLG ¶FSLMFJX_G EHG PFbG FS Z3RSEGOHMFS[F]SRJKMGKRMMFYGZ3RSEGQRSGLUF]FHGPR]FE_GPEFGaO[FHG\OGc44HFHY ¿ ^LGQRSGFEHGbFSXQ2SPE[FSG8VEJXGEHGEKSFHGScMVEJKFHGaO[FH_GKRV]GLMRSSFGa]VFKHOH[_ KRV]G¶FSQOHPFSOH[Y ÀµUG]EHGEJKºGµRLGELMG[FLJKFKFHºÁG4SR[MFGLEFGPFHGaSXUHEPFHY ÀDOG]ELMGROLGPFSGAFQRVMGPFLGaSLFHRVLG]F4SFEMGQUSPFHÁ_GRHMQUSMFMFGaMVRHYGÀDOG]ELM ]FEGbESYÁ ^SG ]FU]RJKMFMFG LEFG LJKRS4YG ^SG QRSG LEJKFS_G PR`G LEFG PFHG 5LEUHELJKFHG 8RHHG PFS »FHFMSRH\GQ2SPFGTUHGLEJKGLJK2MMFVHGXcHHFH_GQFHHGLEFGLEJKGFSLMGFEHbRVGQFEMG[FHO[ TUHG PFbG >SFbPQFLFHG FHM4FSHMG KRMMFYG NU]RVPG PRLG [FLJKFKFHG QRS_G XUHHMFG PEF »FHFMSRH\GZ3RSEGQFPFSGUSMFHGHUJKGLEFGFEH4RJKGPOSJKGFEHFHGµEVVFHLRXMGQEFPFSGOHMFS EKSFG:UHMSUVVFG]SEH[FHY DEFG>SR[FGQRS½GWRMMFHGLEFGPEFGXSEMELJKFG^HM4FSHOH[G]FSFEMLGFSSFEJKMºGDEFGNMF55F ]FLR`GFEHFG8SFEMFGTUHGTEFS\E[G:EVUbFMFSHYGZEJXFSGKRMMFGLEFGHEJKMG[FSRPVEHE[GTUHG?LM HRJKG µFLM_G LUHPFSHG bEMG FEHFbG a]LMFJKFSG HRJKG N2PFHG 2]FS9OFSMYG NEFG QRSFH 42H4\E[G]ELGLFJK\E[G:EVUbFMFSGTUHGPFSGWcKVFGFHM4FSHMYGSR[FY NEFG XSUJKG RO4G RVVFHG TEFSFHG \OG FEHFbG HRKFLMFKFHPFHG 8RObG OHPG bRJKMFG FLG LEJK ]F9OFb_GbEMGPFbG<2JXFHG[F[FHGPFHGNMRbbG[FVFKHMYGaMVRHG4UV[MFGEKSYG^SGLRK_GPR`

LEFGEKSFGµR44FGHUJKGMSO[_GFEHFHGKRHPVEJKFHG8VRLMFSYG?44FH]RSGKRMMFHGPEFG¶FS4UV[FS »RSRV3LRMUSFHGHEJKMGFEHbRVG\OGLEJKG[FLMFJXM_GQIKSFHPGLEFGHRJKGEKbG;R[MFHY ÀaOLGPFSGAFQRVMGPFLGaSLFHRVLG]F4SFEMºÁGQEFPFSKUVMFGLEFGOHPGLRKGEKHGOHLEJKFSGRHY ÀDRLG ELMG SEJKME[Á_G ]FLMIME[MFG FSYG ÀDEFG »FHFMSRH\G KRMMFG PEJKG OHMFS;UJKM_G QEFG RVVF RHPFSFHG ³EM[VEFPFSG PFLG aSLFHRVLG ROJKYG ^LG bR[G LFEH_G PR`G POG ;FM\MG HUJKG OHMFS EKSFbG ^EH4VO`G LMFKLMYGa]FSG ;FG QFEMFSG QESG OHLG FHM4FSHFH_G PFLMUG LMISXFSG QESPG PFEH FE[FHFSG µEVVFG LEJKG POSJKLFM\FHYÁG NEFG LMSEJKG LEJKG PEFG WRRSFG ROLG PFSG NMESHG OHP \OJXMFG\OLRbbFH_GRVLGLEFGPEFGµOHPFGRHGPFSGNJKVI4FG]FS2KSMFY ÀBJKGFSEHHFSFGbEJKGPOHXFVGYYYÁ_GbOSbFVMFGLEFY aMVRHGKEFVMGPRLG42SGFEHG[OMFLG´FEJKFHYG^SGKRMMFGbEMGPFSG³c[VEJKXFEMG[FSFJKHFM_GPR` LEFGLEJKGRHGPEFGZR[F_GPEFGLEFGRVLG³EM[VEFPGPFLGaSLFHRVLGTFS]SRJKMGKRMMF_G2]FSKRO5M HEJKMGbFKSGFSEHHFSHGQ2SPF_GLU]RVPGPFSGbFHMRVFG8RHHGTUHGEKSGR]4EFVY À^LG QRSG FEHFG ]cLFG ´FEMÁ_G LR[MFG FSYG ÀµESG QUVVFHG KU44FH_G PR`G LEFG HEJKM QEFPFSXFKSMYÁG^SGLRKGZ3RSEGRHYG^SGLOJKMFGHRJKGFEHFbG´FEJKFHGPFSG´OHFE[OH[GEH EKSFbGAFLEJKMYG^SGL52SMFGFEHGLJKEFSGOHQEPFSLMFKVEJKFLG¶FSVRH[FH_GLEFGEHGPEFGaSbF \OG HFKbFHG OHPG RHG LEJKG \OG \EFKFHYG ^LG QRSG HUJKG EbbFSG PFSG aOLPSOJXG PFS ¶FSQESSOH[GEHGEKSFHGaO[FHYGNEFGKRMMFGLEJKGHUJKGHEJKMG\OSFJKM[F4OHPFHYG^SGQ2SPF QRSMFHG b2LLFHYG NEFG ]F4RHPG LEJKG EHG FEHFbG NMRPEObG PFLG 7]FS[RH[LYG ·FPFL ¹H[FLM2bGTUHGLFEHFSGNFEMFGbO`MFGLEFGTFSLJKSFJXFHY ÀµESG KR]FHG FEHFHG VRH[FHG µF[G TUSG OHLÁ_G LR[MFG FSG OHPG MSRMG HRJKPFHXVEJKG FEHFH NJKSEMMG \OSG NFEMFYG À>2KVLMG POG PEJKG YYYÁG =EFbRVLG KIMMFG FSG EKSG PEFLFG NJKHFVVE[XFEM \O[FMSROMYGNEFGQRSGQEFGFEHG8VEM\_GFEHGKOLJKFHPFSGNJKRMMFHYGDRLGaO4L5SEH[FH_GPFS NRM\GHRJKGTUSH_GPFSGASE44GHRJKGPFSGµR44FG6GRVVGPRLGQRSGFEHFGFEH\E[F_GOH[FKFOFS LJKHFVVFG8FQF[OH[YGNFEHGaOLQFEJKbRHcTFSGXRbGTEFVG\OGL5IMYGDRLGFEH\E[F_GQRL FSGFSSFEJKMF_GQRS_GPR`GPFSG:UV]FHGPFLG8VRLMFSLGPFHGWEHMFSXU54GHEJKMGTUVV_GLUHPFSH HOSGLMSFE4FHPGMSR4Y ^SG [EH[G \OG 8UPFHYG DEFG µFVMG QRSG FEHFG FEH\E[FG »ROXF_G RO4G PFSG FEHG AE[RHMG bEM [F]RVVMFHG >IOLMFHG MSUbbFVMFYG ^SG bO`MFG bEMG PFbG AFLEJKMG EHG PFHG DSFJXG [F4RVVFH LFEHYG NRHPG XHESLJKMFG \QELJKFHG PFHG ´IKHFHYG ^SG LRKG HEJKMLYG DOSJKG PRLG Q2MFHPF DScKHFHGKEHPOSJKGKcSMFGFSGFEHFHGKFELFSFH_GXSIJK\FHPFHG@ROM_GPRHHGFEHFHGNJKSFE_ PFSG bFKSG NJKSFJXG RVLG NJKbFS\G ROL\OPS2JXFHG LJKEFHYG DFSG 8UPFHG \EMMFSMF_G RVL HF]FHG EKbG FEHG LJKQFSFSG AF[FHLMRHPG LM2S\MFYG ^SG 42KVMFG LEJKG RHG PFSG NJKOVMFS [F5RJXM_GHOSGRHGFEHFSYG7]FSGEKbGXVRMLJKMFHGLJKQFSFGNJKQEH[FHYG^SGLMFbbMFGLEJK b2KLRbGEHGPEFGWcKF¼GPFSGASE44GRHGPFSGNJKOVMFSGKRV4GEKbGPR]FEYGDRLGDScKHFHGTFSVUS RHG@ROMLMISXFYG^SGXUHHMFGQEFPFSGLFKFHYG¹HbEMMFV]RSG2]FSGEKbG4VRMMFSMFGZEJXFSYG·FM\M

XFKSMFG FSG \OG LFEHFbG WUSLM]RObG \OS2JXYG aO4G PFbG 8UPFHG HF]FHG EKbG VR[G Z3RSE_ HRbFHVULFHG NJKSFJXG EHG PFHG aO[FHYG BKSG 8VRLMFSG QRSG 42H4G ³FMFSG QFEM PRTUH[FLJKVR[FHG QUSPFHYGaMVRHG KU]G EKHG RO4G OHPG LJKU]G EKHG LEJKG EHG PFHG A2SMFVY DRHHGXFKSMFGFSG\OGEKSG\OS2JXYG^SGQRSG\USHE[YGDEFG»FHFMSRH\GLMRXGHUJKGEbbFSGEH EKSFbG 8FQO`MLFEHYG Z3RSEG KRMMFG EKbG PEFG ¶FSQESSMFG TUS[FL5EFVMG OHPG RO4G PEF AFVF[FHKFEMG [FQRSMFM_G EKHG RH\O[SFE4FHYG ZEJXFSG KRMMFG EKHG TUSG PFbG NJKVEbbLMFH ]FQRKSMYGNFEHGPRHX]RSFSG8VEJXGLOJKMFGPFHGaPVFS¼GR]FSGPFSGLMRSSMFG[FSRPFROLGTUS LEJKGKEHGOHPGMRMGLU_GRVLGLFEGHEJKMLG[FLJKFKFHYGaMVRHG5RJXMFGZ3RSEG]FEbG:SR[FHGEKSFS ³UHMOSGOHPGSE`GLEFGbEMGFEHFbG[SU]FHGSFOHPEHYGµFHHGPOGPRLGHIJKLMFG³RVGQEFPFSG\OGPESGXUbbLM_ KRMGPEFG»FHFMSRH\GXFEHFG³RJKMGbFKSG2]FSGPEJKYÁG^SGLJKRVMFMFGPFHG»RSRV3LRMUSGRO4 [FSEH[LMFG@FELMOH[YGZ3RSEG]SRJKG\OLRbbFHGQEFGTUbG8VEM\G[FMSU44FHY a]FSbRVLG TFSLMRHPG ZEJXFSG PRLG AF]UMG PFLGaO[FH]VEJXL_G UKHFG PR`G EKbG ;FbRHP FEHFG^SXVISOH[G\OG[F]FHG]SROJKMFYGaMVRHGLMFVVMFGPEFG8FQO`MVULFGRO4GPEFG8FEHF_GPFS aPVFSG FS[SE44G LEFG ]FEG PFHG NJKOVMFSHG OHPG 4VU[G bEMG EKSG PRTUHYG DEFLbRVG PROFSMFG FL VRH[F_G]ELGFSG\OS2JXXFKSMFYG^SGKRMMFGROJKGPRLG]F[SE44FH½GNEFGbO`MFHGLEJKGLUGQFEM QEFGbc[VEJKGTUHGPFSG»FHFMSRH\GFHM4FSHFHY ¿ =RJKGN2PFHGKEHGQOSPFHGPEFGW2[FVGLJKSU44FSGOHPGOHQESXVEJKFSYGDRLG8FS[VRHPGQRS OH4SOJKM]RSG OHPG LUHHFHPOSJK[V2KMYG ³EMG ³2KFG KRMMFG ZEJXFSG FEHG XVFEHFLG ZRVG 4EHPFH XcHHFH_GEHGPFbGFEHFGÂOFVVFG»4VRH\FHG[FPFEKFHGVEF`_GTUHGPFSFHG>S2JKMFHGLEFGLEJK HIKSFHGXUHHMFHYGZ3RSEGQRSGLFEMGFEHE[FHGNMOHPFHGQEFPFSG]FEG8FQO`MLFEHYGNEFGKRMMF XFEHGµUSMG[FL5SUJKFHYGaMVRHG2]FSVEF`GFLGPFbGaPVFS_GLEFG\OG]FQRJKFHYG^SGQO`MF_ PR`GFSGLEJKGRO4GZEJXFSGTFSVRLLFHGXUHHMFY ^SG]FPROFSMFGFLG;FM\M_GPFHG
UPFSG ^SLJKc54OH[G FSXFHHFHYG NFEHGaO[FG QRSG QRJK_G OHPG PFSG XSI4ME[F_G LJKFEH]RS \ObGNMRHP]EVPGFSLMRSSMFG:cS5FSGXUHHMFGEHG;FPFSGNFXOHPFG\OGOH[FKFbbMFSGaXMETEMIM F¾5VUPEFSFHYG^SG[VRO]MFG\OGQELLFH_GQEFGZEJXFSGFLG]FQFSXLMFVVE[MF_GLEJKGOHLEJKM]RS \OG bRJKFHYG ^SG KRMMFG EKHG PR]FEG ]FU]RJKMFMYG ´QFEG ³FMKUPFHG XRbFHG PR]FEG \OS aHQFHPOH[½G \OHIJKLMG FEHFG ÄHPFSOH[G PFSG :cS5FS4RS]F_G QEFG LEFG ROJKG TUH [FQELLFHG MFSSRHELJKFHG ab5KE]EFHG OHPG FPFSHG EHG [FQELLFHG 8FSFEJKFLG PFLG AF4EFPFSLY DFSG VFM\MFSFG ZSEJXG QRSG ]FLUHPFSLG QESXOH[LTUVVYG ^SG ]FQESXMF_G PR`G PRLG @EJKMG PFS ¹b[F]OH[GTUHGZEJXFSLG:cS5FSU]FS4VIJKFGRHPFSLGRVLGHUSbRVGSF4VFXMEFSMGQOSPFYGBH PFSG[SROFHG>FVLFHFEHcPFGPFSG8FS[FGFS\EFVMFGZEJXFSG¹HLEJKM]RSXFEMGRVVFEHGbEMGWEV4F PFSG>FPFSSUMRMEUHYG^EHFG\OLIM\VEJKFG ¶FS4IS]OH[G PFLG F]FH4RVVLG [SROFHG AF4EFPFSL QRSGHEJKMGFS4USPFSVEJKYG NO5FSóEbEXS3G HRHHMFGaMVRHG PEFG OH[FQcKHVEJKFG >IKE[XFEM PFLG aPVFSLYG ^SG QRSG LEJKFS_G PR`G FLG LEJKG HEJKMG ObG HRM2SVEJKFG ³EbEXS3G Eb KFSXcbbVEJKFHG NEHHG KRHPFVMFYG >FPFSHG ]FLR`FHG 2]VEJKFSQFELFG HEJKMG PEF ³c[VEJKXFEM_GLEJKGEHGPFHGµOS\FVHG\OGPSFKFH_GOHPGPEFG>RS]FHGOHPG>RS]HORHJFH_GPEF ZEJXFSG\ObG¶FS4IS]FHGPFLGAF4EFPFSLG\OSG¶FS42[OH[GLMRHPFH_GF¾ELMEFSMFHGEHGFEHFS LUVJKFHG>2VVFGOHPG¶EFV4RVM_GQEFGLEFG]FEGUSPEHISFSG³EbEXS3GHEFG]FU]RJKMFMGQUSPFH QRSFHYG^LG]VEF]GPFbGaSXUHEPFHGHEJKMLGRHPFSFLG2]SE[_GRVLGZEJXFSLGNO5FSóEbEXS3 EHG PEFG :RMF[USEFG PFSG 5RSR5L3JKELJKFHG >IKE[XFEMFHG FEH\OSFEKFH_G FMQRG QEF ZFVFXEHFLFG OHPG ZFVF5USMRMEUHYG DR`G FEHG ZEFSG 5RSR5LEUHELJKG ]F[R]MG LFEHG XcHHF_ QISFGEKbGHUJKGTUSGFEHFSGµUJKFGOHbc[VEJKGFSLJKEFHFHYGa]FSGEH\QELJKFHGQO`MFGFS_ PR`GZEJXFSGLFEHFGAFPRHXFHG\OGVFLFHGTFSLMRHPYGDRLGQRS_G4RHPGFS_GHUJKGQFLFHMVEJK ]FFEHPSOJXFHPFSGRVLGPEFG:OHLM_GLEJKGOHLEJKM]RSG\OGbRJKFHY BH\QELJKFHG \FS]SRJKG FSG LEJKG HEJKMG bFKSG PFHG :U54G PRS2]FS_G QFSG PFSG ¹H]FXRHHMF LFE_GEHGPFLLFHGaO4MSR[GZEJXFSGKRHPFVMFYG^SGKRMMFGU44FH]RSGHEJKMGPEFGa]LEJKM_GLEJKG\O \FE[FHG UPFSG LUHLMG ES[FHPQEFG bEM\OMFEVFH_G OHPG PEFG >SR[FG HRJKG LFEHFSG BPFHMEMIM Q2SPFGQUbc[VEJKGHEFbRVLGLJKV2LLE[G]FRHMQUSMFMGQFSPFHYG=RJKGPFbG^SVF]HELGbEM PFSGTRSEUbUS5KFHG»4VRH\FGKRMMFGaMVRHGLEJKGRH[FQcKHM_GEHGLFEHFbG[FKFEbHELTUVVFH ¶FS]2HPFMFHGPEFG=RMOSGLJKVFJKMKEHG\OGLFKFHYG?]GFSGPRbEMGSFJKMGKRMMFGUPFSGHEJKM_ QRSGTUHG[FSEH[FSG8FPFOMOH[YG^LG]FLIH4ME[MFGPFHG¶FSLMRHP_GQFHHGFSGLEJKGRHGFEH ³UPFVV]EVPGKRVMFHGXUHHMFY DFSG QFEMFSFG ¶FSVRO4G PFLGa]FHMFOFSLG RO4G PFbGaSLFHRV5VRHFMFHG ]FLJKI4ME[MFG EKH PR42SGObGLUGbFKSYG^SG[VRO]MF_GPFbGaSLFHRVGEH\QELJKFHGQFEMG[FHO[GFHMXUbbFHG\O LFEH_GPR`GFLGEKbGHEJKMLGbFKSGRHKR]FHGXUHHMFYGaO`FSPFbGKEFVMGEKHGPEFG»FHFMSRH\ 42SGMUMYG^SG]F4RHPGLEJKGEHGNEJKFSKFEMYGµRLGKRMMFGRVLGHIJKLMFLG\OG[FLJKFKFHºGDEF aOLLEJKM_GLFEHG@F]FHGRO4GPEFLFSGFEHLRbFHGµFVMG\OG]FLJKVEF`FH_GFSLJKEFHGEKbG6 ]FLUHPFSLGEHGaH]FMSRJKMGPFSG@F]FHLFSQRSMOH[_GPEFGPFSG´FVVRXMETRMUSGEKbGTFSVEFKG6 QFHE[GRMMSRXMETYGDEFGN?@GQ2SPFGHRJKGEKbGLOJKFH_G[FQE`YGa]FSGUKHFG\OLIM\VEJKFH

WEHQFELG ROLG OH[F\IKVMFHG ³EVVERSPFHG TUHG »VRHFMFHG ROL[FSFJKHFMG PEFLFHG FEHFH KFSROL\O4EHPFH_G QRSG FEHG ¹HMFS4RH[FHG bEMG ]FPS2JXFHPG [FSEH[FS ^S4UV[LQRKSLJKFEHVEJKXFEMYG 7]FSG XOS\G UPFSG VRH[G Q2SPFG EKbG HEJKMLG RHPFSFL 2]SE[]VFE]FH_GRVLGLEJKGPFHFHGQEFPFSG\O\OQFHPFH_GTUSGPFHFHGFSGLUF]FHG[F4VUKFH QRSYG =OSG RO4G PFbG µF[G 2]FSG PRLG aSLFHRVG XUHHMFG FSG ¶FS]EHPOH[G bEMG PFSG N?@ RO4HFKbFHYG aHG PEFLFHG AFPRHXFH_G PFSG EKbG EbG aO[FH]VEJXG HUJKG QEPFSQISME[ FSLJKEFH_G[FQcKHMFGFSGLEJKGRbG]FLMFHGSRLJK¼GPFHHGHEFbRHPGQO`MF_GQEFGVRH[FGPRL aSLFHRVG RO4G PEFLFbG »VRHFMFHG \OG ]VFE]FHG [FPRJKMFYG BHG RVVG LFEHFHG 7]FSVF[OH[FH KRMMFG PFSG =R]FV_G PFHG FSG ES[FHPQUG EHG PFHG OHMFSESPELJKFHG ZEF4FHG PEFLFSG µFVM TFSbOMFMFG OHPG POSJKG PFHG PFSG µF[G EHG PEFG =RbFHVULFG ´UHFG 42KSMF_G FEHFG MEF4 OHMFS[FUSPHFMFG FVLFHXFLLFV_G RVLG LEFG FEHRHPFSG RO4G aSbFLVIH[F [F[FH2]FSLMRHPFH_G KRMMFG LEFG FLG HEJKMG 4FSME[[F]SRJKM_G RO4G EKHG \OG LJKEF`FHYG 8FE LFEHFbG ¶FSLOJK_G EHG PEFG aFVL[E54FVHGLMScbMF 5FJKLJKQRS\FSGÂORVbYG^EHG4FSHFLGASUVVFHGQRSG\OGKcSFHYGDFSG8UPFHG\EMMFSMFY ¿ DRLG8F]FHGQRSGTUHGbEMMVFSFSGBHMFHLEMIMGOHPGLMRHPGU44FH]RSGEHGPESFXMFSG¶FS]EHPOH[ bEMG PFSG TOVXRHELJKFHG aXMETEMIM_G PEFG aMVRHG ]FU]RJKMFMG KRMMFYG ^LG [R]G XFEHF OHbEMMFV]RSFG 8FPSUKOH[¼G R]FSG aMVRHG KEFVMG FLG MSUM\PFbG 42SG RH[FSRMFH_G PRL [F4IKSPFMFG AF]EFMG \OG TFSVRLLFHG OHPG LEJKG HRJKG FEHFbG MFXMUHELJKG LMR]EVFSFH ¹HMFSLJKVO54GOb\OLFKFHY ZEJXFSG KRMMFG LFEHG aHVEF[FHG U44FH]RSG TFSLMRHPFHYG ^SG 4VRMMFSMFG TUHG LFEHFb WUSLM]RObG RO4G OHPG 4VU[G FEHG 5RRSG NJKQEH[FHLJKVI[FG MRVRO4QISMLYG aOLG aMVRHL AFL5SIJKGbEMGZ3RSEGQRSGHEJKMLG[FQUSPFHYGa]FSGRVLGFSGEKSGPEFGWRHPGSFEJKMF_GObGLEF RO4GPEFG8FEHFG\OG\EFKFH_G[SE44GLEFGQEVVE[G\OY

RO4GPEFG8FEHFG\OG\EFKFH_G[SE44GLEFGQEVVE[G\OY À^LG[FKMGQFEMFSÁ_GLR[MFGFSG4SFOHPVEJKYGÀµEFGXSI4ME[G42KVLMGPOGPEJKºÁ NEFGHEJXMFYGÀ^LG[FKMÁ_GRHMQUSMFMFGLEFGbEMGFEHFbGLJKQRJKFHG@IJKFVHY ÀBS[FHPQUÁ_G TFSL5SRJKG FS_G ÀQFSPFHG QESG FEHFHG SOKE[FHG ?SMG 4EHPFH_G RHG PFbG QES bEMFEHRHPFSGSFPFHGXcHHFHYÁ BKSFGaO[FHGVFOJKMFMFHYGDRLGQRSGEKbGaHMQUSMG[FHO[Y ZEJXFSG42KSMFGLEFGPRLGZRVGKEHRO4YG ^LG LJKQFHXMFG HRJKG N2PFHG OHPG b2HPFMFG POSJK FEHFHG5R`IKHVEJKFHG^EH[RH[GRO4GFEHFG4SOJKM]RSFGWUJKF]FHFYGASILFS_G82LJKFGOHP 8IObFGQOJKLFHGEbG7]FS4VO`YGDEFGVF]FHLHUMQFHPE[FG>FOJKME[XFEMGL5FHPFMFGFEH XVFEHFSG>VO`_GPFSGPRLG@RHPGTUHG=USPFHGHRJKGN2PFHGPOSJKVEF4GOHPGPFLLFHG¹4FSGLEF HRJKGXOS\FSGµRHPFSOH[GFSSFEJKMFHYG8FS[FGOb[R]FHGPEFG^]FHFGRO4GRVVFHGNFEMFHY BHG L2PVEJKFSG <EJKMOH[G QRSFHG FLG HOSG \FKHG :EVUbFMFSG ]ELG \ObG >O`G PFSG 8FS[XFMMFY aMVRHG 4SR[MFG LEJKG bE`MSROELJK_G QUKEHG PFSG µRLLFSVRO4G ROLG PEFLFbG RVVLFEML FEH[FLJKVULLFHFHGZFSSREHGR]4VEF`FHGbUJKMFY DFSG ¹HMFS[SOHPG ]FLMRHPG PR_G QUG FSG MSUM\G PFLG PEJKMFHG »4VRH\FHQOJKLFLG \Ob ¶USLJKFEHG XRb_G ROLG LJKQRbbE[Fb_G 5UScLFHG AFLMFEHG U44FH]RSG TOVXRHELJKFS WFSXOH4MYGaMVRHG HRKbG FEHFHG 8SUJXFH_G PFSG RHG FEHG NM2JXG 8EbLLMFEHG FSEHHFSMF_G RO4 OHPG ]FMSRJKMFMFG EKHG bE`bOME[YG ÀDEFG [RH\FG AF[FHPG ELMG TOVXRHELJKG TFSLFOJKMÁ_ ]SObbMFGFSYGÀµESGQFSPFHGFEHGXSI4ME[FLGNM2JXG[FKFHGb2LLFH_G]ELGQESGEHGNEJKFSKFEM LEHPYÁ ^SGQOHPFSMFGLEJK_GPR`GZEJXFSGLEFGROL[FSFJKHFMGEHGPEFLFG<EJKMOH[G42KSMFYG¶FSLMRHP FSG HEJKMLG TUHG PFHG AF4RKSFHG PFLG ¶OVXRHELbOLºG DFSG µF[_G PFHG PFSGaPVFSG QEFL_ \FE[MFGHRJKGN2PFHYGaMVRHGKRMMFGLJKUHGLFEMG[FSRObFSG´FEMGXFEHFG8FPFHXFHGbFKS_ LEJKGRO4GZEJXFSLGµELLFHG\OGTFSVRLLFHYG?44FH]RSG[R]GFLGFEHFHG»R`_GPFSGPOSJKGPEF L2PVEJKFHG 8FS[FG 42KSMFYG =RJKG \QFEG NMOHPFHG XRbFHG LEFG RHG PFHG >O`G FEHFS ^SKF]OH[_GPEFGHRJKGaMVRHLGaHLEJKMGFEHFHGFSVULJKFHFHG:SRMFSGPRSLMFVVMFYGNEFGKRMMF PEFG >USbG FEHFLG 42H4\E[G ³FMFSG KUKFHG W2[FVL_G PFLLFHG :O55FG FEHFG 4VRJKF_ XSFEL4cSbE[FG»VRMMFG]EVPFMFYG¶UHGOHMFHGXUHHMFGbRHGLFKFH_GPR`GPEFG:SRMFSb2HPOH[ EbG@RO4GPFSG´FEMG\O[FLJK2MMFMGOHPGFEH[FF]HFMGQUSPFHGLFEHGbO`MF_GPFHHGPEFG»VRMMF MSO[G SFEJKFHG »4VRH\FHQOJKLYG DFHHUJKG Fb54RHPG PFSG aSXUHEPFG ¹H]FKR[FH_G PRL LEJKGHUJKGLMFE[FSMF_GRVLGXOS\GKEHMFSFEHRHPFSGPSFEGLJKQRJKFG^SPLMc`FGPOSJKGPFH ¹HMFS[SOHPGVEF4FHYGµFEMGEbG=USPFHGLMEF[GPEFGLJKQRS\FGVO`G KRMMFG ]F[UHHFH_G LEJKG FEHFG NJKVOJKMG \OG [SR]FHYG ´QRH\E[G ³FMFSG OHMFS

EKHFHGSROLJKMFGFSGbEMG]FPFOMFHPFSGAFLJKQEHPE[XFEMGPRKEHYG^SGKEFVMG[FSRPFQF[L RO4GPEFGHRKFHG8FS[FG\OYGaMVRHG]FLJKVU`_GPFbG¶FSVRO4GPFSGNJKVOJKMG\OG4UV[FH¼GPFHH LEFG QEFLG bEMG [SU`FSG µRKSLJKFEHVEJKXFEMG RO4G FEHFG NMFVVF_G RHG PFSG FLG FEHFHG µF[ POSJKGPEFG8FS[FG[R]YGNEFGQRSFHGHOSGHUJKGFEHFHG:EVUbFMFSGTUbG>O`GPFSG8FS[F FHM4FSHM_GRVLGaMVRHG5VcM\VEJKGZ3RSELGWRHPGRO4GLFEHFbGaSbG42KVMFYG³EMGPFSG4SFEFHGWRHP QEFLG Z3RSEG LMObbG EHG PEFG WcKF_G HRJKG µFLMFHG KEH2]FSYG ^SG 4UV[MFG PFbG µEHXG OHP FSLMRSSMF_GRVLGFSGFEHFHGQEH\E[FH_GPOHXVFHG»OHXMG]FbFSXMF_GPFSGLEJKG[FbIJKVEJKGROL PFbG8VROGPFLGWEbbFVLGKFSR]LFHXMFYGNFEHG8VEJXGQRHPFSMFGQFEMFSYG^SG4RHPGbFKS »OHXMF_GEHL[FLRbMGRJKMYG^SGQO`MFGEHMOEMET_GQRLGLEFGPRSLMFVVMFH½G³IHHFSGOHPG>SROFH EHG 4VO[4IKE[FHG :Rb54bUHMOSFH_G ³EM[VEFPFSG PFLGaSLFHRVLÅG NEFG QRSFHG KEHMFSG Z3RSE KFSY ^SGKcSMFGPRLGJKRSRXMFSELMELJKF_GKFVVFGNEH[FHGPFSG>FVPMSEF]QFSXFGOHPG4OKSGKFSObY DEFG aVO[KcKFG ]FMSO[G ÆÇÈÈG ³FMFSG OHP TFSSEH[FSMFG LEJKG VRH[LRbYG DRLG NJKE44G LJKEJXMFG LEJKG RH_G RO4G PFSG »VRMMFG PFL ZR4FV]FS[LG\OGVRHPFHY ¿ DFSGZFO4FVGbUJKMFGQELLFH_GQEFGLEFGPEFGN5OSG[F4OHPFHGKRMMFHYG¶EFVVFEJKMGKRMMFGFS PEFG>IKE[XFEMGPFSG»FHFMSRH\GOHMFSLJKIM\M¼GTEFVVFEJKMGXUHHMFGLEFGZ3RSELG³FHMRVFJKU QFEMFSGTFS4UV[FH_GRVLGFSG[F[VRO]MGKRMMFYG=OSGKEHMFSGZ3RSEGQRSGPRLGaSLFHRVGKFSYG¶UH LFEHFSGaHQFLFHKFEMG XUHHMFG FLG HUJKG HEJKMLG QELLFHYG ^SG QRSG EHG PFSG TFS[RH[FHFH =RJKMG[FLMUS]FHYGDEFG»FHFMSRH\GKEFVMGEKHG42SGMUMY ZEJXFSG bRJKMFG NO5FSóEbEXS3G OHPG TFSLJKQRHPG L5OSVULYG ^SG Q2SPFG FSLMG QEFPFS RO4MROJKFH_G QFHHG LFEHFG WEV4FG [F]SROJKMG QOSPFYG DFSG LJKQRS\FG »OHXM_G PFHG Z3RSE FHMPFJXMG KRMMF_G ]FLR`G EH\QELJKFHG PFOMVEJKG PEFG ¹bSELLFG FEHFSG bFHLJKVEJKFH AFLMRVMYG^SGQ2SPFGHEJKMGQFEMFSGRVLGRJKM\E[G]ELGKOHPFSMG³FMFSGFHM4FSHMGVRHPFHYGaMVRH FS[SE44GZ3RSEG]FEGPFSGWRHPGOHPG\U[GLEFGKEHMFSGFEHGAF]2LJK_GPRLGEKHFHGDFJXOH[G]UMY aHG 8USPG PFSGaIKSMFG\FEJKHFMFGLEJKGPFOMVEJK R]YG DFSGaSLFHRVóRHH_G FEHFG [FPSOH[FHF_G LMIbbE[FG AFLMRVM_G LRKG PEFGa]PS2JXF LU4USMYG^SG[SE44G\ObGA2SMFVGOHPG\U[GPFHGLJKQFSFHGBb5OVLLMSRKVFSGKFSTUSY aMVRHG VUJXFSMFG PFHG »RSRV3LRMUSYG DFSG :Ib54FSG 4UV[MFG PFSG N5OSG OHPG XRbG RO4G PRL

aMVRHG VUJXFSMFG PFHG »RSRV3LRMUSYG DFSG :Ib54FSG 4UV[MFG PFSG N5OSG OHPG XRbG RO4G PRL AF]2LJKG \OYG aOLG PFSG =IKFG FSXRHHMFG PFSG aSXUHEPFG 8O\\G O`GEH FEHG^SPVUJK_GPRLGFSGQF[FHGPFLGPEJKMFHGASRLQOJKLFLGHEJKMGKRMMFGLFKFHGXcHHFHY ^SGXHEJXMFGFEHGOHPG[R]GFEHFHGFSLJKSFJXMFHG@ROMGTUHGLEJKYGaMVRHLGNJKO`GLMSFE4MFGEKH RHG PFSG NJKOVMFSYG NJKSFEFHPG TUSG NJKbFS\G ]IObMFG 8O\\G LEJKG RO4YG DEFG ³OLXFVH XUHMSRKEFSMFHGOHMFSGPFbG^EH4VO`GPFSGHFSTFHVIKbFHPFHG^HFS[EFYG8O\\GQOSPFGROL PFbG@UJKG[FLJKHFVVMGOHPGLM2S\MFGS2JXQISMLY DEFG XUHTOVLETELJKG \OJXFHPFHG >EH[FSG ]FS2KSMFHG PFHGaOLVcLFSG PFLG NMSRKVFSLYG ^L [R]G FEHFHG XHRMMFSHPFH_G 4ROJKFHPFHG :SRJKYG 8O\\G \OJXMFG EHG PEFG WcKFG OHPG LRHX QEFPFSGEHGLEJKG\OLRbbFHYGNFEHG:cS5FSG9ORVbMFYGaMVRHG]SRJKGKEHMFSGPFSGDFJXOH[ KFSTUSYG³EMGQFHE[FHGNJKSEMMFHGLMRHPGFSGHF]FHGPFbG¶FSVFM\MFHYG^SGPSFKMFGEKHGRO4 PFHG<2JXFH_GOHPGLFEHGWFS\GFSLMRSSMFGEHG]EMMFSFbGASEbb_GRVLGFSGPRLGaOLbR`GPFS µOHPFG FSXRHHMFYG 8O\\ÉG OH[FQUVVMFSG NJKO`G KRMMFG LEJKG bEMMFHG EHG PFHG @FE]G KEHFEH FHMVRPFHYG ^SG KRMMFG XFEHFG 7]FSVF]FHLJKRHJFYG NFV]LMG EHG PFHG 8USPVR\RSFMMFHG PFS N?@G KIMMFHG LEFG EKHG HEJKMG bFKSG SFMMFHG XcHHFHYG aMVRHG MRLMFMFG HRJKG PFbG XVFEHFH ZSRHLJFETFS_GPFHG8O\\GFEHPLFVE[XFEMG EHG LFEHFbG 8VEJXYG ^S VIJKFVMFG4SFOHPVEJKYGÀaMVRH_GQEFGXUbbLMGPOGYYYÁ DFSG[F5FEHE[MFG:cS5FSGXS2bbMFGLEJKGFEHGVFM\MFLG³RVYGDRHHGQRSG8O\\GFSHFYG^SG4OKSGRO4YG´QFE :EVUbFMFSGHcSPVEJKGLFM\MFGPEFGa
NFEHG OH]FXRHHMFSG ¶FS]2HPFMFSG TFS4UV[MFG FEHFHG [SU`RH[FVF[MFHG »VRHYG ³EM NJKROPFSHG HRKbG aMVRHG \OSG :FHHMHEL_G PR`G PFSG aFEHPFGPUSMGPS2]FHGRHG8USPGPFLGXVFEHFHGEF]FSKR4MG KOLJKMFH LFEHFG >EH[FSG 2]FSG PEFG :UHMSUVVFHG PFLG ZSRHLJFETFSLYG ^EHG XOS\FSG »4FE4MUHG [R]G \O TFSLMFKFH_GPR`GPRLGAFSIMG]FMSEF]L]FSFEMGQRSY ÀaRVVLG LFEHFG µRSHOH[G ]FRJKMFMG Q2SPF_G bO`MFHG LEFG LJKHFVVLMFHL 2H4\E[G³FMFSG2]FSGPFSG»VRMMFGPFL 8FS[FLGKEH[GFLGSF[VULGEHGPFSG@O4MYGDEFGNJKESb4FVPFSGQRSFHGHEJKMGRXMETEFSMYG^LGKIMMF LEJKG[F[FHGPEFG:RMRLMSU5KFGHEJKMGQFKSFHGXcHHFHY DEFG ^SPFG ]IObMFG LEJKG RO4YG DEFG :UHMOSFHG PFLG ZR4FV]FS[LG TFSQELJKMFHG LEJKYG Bb HIJKLMFHGaO[FH]VEJXGLJKU`GFEHFG>UHMIHFGQFE`[V2KFHPFHG³R[bRLGROLGPFSG»VRMMF OHPGQES]FVMFG]SFHHFHPFG82LJKFGbEMGLEJKGEHGPEFGWcKFYG^EHGKRSMFS_GMSUJXFHFSG:HRVV 5FEMLJKMFGPOSJKGPEFG@O4MYGDRLGQRSGPFSGaH4RH[YG8EHHFHGQFHE[FSGNFXOHPFHGQOSPF PFSGZR4FV]FS[GTUHGFEHFSG^¾5VULEUHG[E[RHMELJKFHGaOLbR`FLG\FSSELLFHYGDUSM_GQUGPEF aFEHPFLG6GOHPGQFSGbUJKMFGEKbGPRLG2]FVHFKbFHº DEFG ^SPFG ]F]MF¼G PEFG µFVMG [EH[G OHMFSYG NJKQFSF_G P2LMFSFG µUVXFHG TFSK2VVMFHG PEF NUHHFYG ^LG QOSPFG POHXFV_G OHPG PRLG >FOFSG PFSG ^SO5MEUHG [FELMFSMFG POSJKG PEF >EHLMFSHELYG :VRMLJKFHPG OHPG ]FSLMFHPG LJKVO[FHG [V2KFHPFG AFLMFEHL]SUJXFHG EHL ¹HMFSKUV\YG >2SGaMVRHG OHPG Z3RSEG QRSG FLG ´FEM_G LEJKG RO4G PFHG µF[G \OG bRJKFHYG DEF a2SGPEFG»FHFMSRH\

PRSRH_GPR`GPRLGNJKE44GLEJKGKRMMFGEHGNEJKFSKFEMG]SEH[FHGXcHHFHYG>2SGPEFG»FHFMSRH\ QRSGPEFG^SO5MEUHGPFLG¶OVXRHLGFEHG]FPFOMOH[LVULFLG´QELJKFHL5EFVYG·FM\M_GPRGLEF aMVRHGRH[F5FEVMGKRMMF_GPRGLEFGQO`MF_GPR`GFSGEHGPFSGTFS[RH[FHFHG=RJKMGHEJKMGPFH ZUPG[F4OHPFHGKRMMF_GQ2SPFGLEFGRVVFLGPRSRHLFM\FH_GPFHGaSXUHEPFHG\OG4RLLFHGOHP EKHGFHP[2VME[G\OGTFSHEJKMFHY NEFGKFM\MFHGPRTUHYGDOSJKGPRLGASUVVFHGOHPGDUHHFSHGPFLG¶OVXRHROL]SOJKLGKcSMF aMVRHG OHPFOMVEJKG PRLG VO`ÅG NEFG bO`MFHG PFHG >VO` FSSFEJKFHYG^SGQRSGEKSGFEH\E[FSGµF[QFELFSGEHGPEFLFSGµFVMGPFSG>EHLMFSHELYGNEFGVEF4FH_ QRLGPEFG8FEHFGKFS[R]FHYGDRLGSROLJKFHPF_G[OS[FVHPFGAFSIOLJKGXRbGHIKFSYGDFS 8UPFHGLFHXMFGLEJKYGaMVRHGTFSVRH[LRbMFGPFHGNJKSEMMYG^SGVF[MFGXFEHFHGµFSMGPRSRO4_ EHGPEFGNJKVOJKMG\OGLM2S\FHY ³EHOMFHGL5IMFSGLMRHPFHGLEFGRbGVOLLFLGOHPGTFSLJKQRHPFHGEHGFEHFbGZSEJKMFS_ PFSGEHGPEFG8FS[FGKEHFEH42KSMFYGaMVRHLG´OTFSLEJKMGLRHXYG^SGKRMMFG[FKU44M_GFEHFHG»R` \OG4EHPFH_GPFHGPFSG>VO`GEbG@RO4GPFSG·RKSMROLFHPFGPOSJKGPEFG8FS[QFVMG[F[SR]FH KRMMFYG NMRMMG PFLLFHG LMRHPG FSG TUSG FEHFbG @UJK_G PRLG [FSRPFQF[LG EHG PEFG WcVVFG \O 42KSFHGLJKEFHYGDFSG>VO`GTFSLJKQRHPGOHMFSGPFSG^SPFYGDFSGWEbbFVGbUJKMFGQELLFH_ QUGFSGQEFPFSGRHLGZR[FLVEJKMGMSRMY WEERRKGYYY DFSG LJKSEVVF_G [FVVFHPFG NJKSFEG VEF`G EKHG RO44RKSFHYG ZEJXFSG XSFELMFG 2]FSG EKHFHG Eb [SROFHGDOHLMYGaVLGFSGLRK_GPR`GFSGPEFGaO4bFSXLRbXFEMGPFLGaSXUHEPFHGFSSF[MGKRMMF_ VF[MFGFSGPEFGNJKQEH[FHGRHGOHPGLJKU`GEHGLMFEVFbGNMOS\4VO[GKEHR]GEHGPFHG:FLLFV_GEH PFbGPEFGµRLLFSGPFLG>VOLLFLGLJKIObMFHGOHPG[OS[FVMFHYGµFHE[FG³FMFSG2]FSGPFb NMSOPFVGL5SFE\MFGFSGPEFG>V2[FVGOHPGLMSFJXMFGPEFG>IH[FGPFbGµRLLFSGFHM[F[FH_GRVL QUVVFG FSG FLG TUHG LEJKG R]QFKSFHYG ³EMG XSR4MTUVVFHG OHPG PUJKG b2KFVULFH NJKQEH[FHLJKVI[FHG[FQRHHGFSGQEFPFSGRHGWcKFY À^SGQEVVGOHLGFMQRLGLR[FHÁ_G4V2LMFSMFGZ3RSEYGÀDUSMGELMGPFSGaOLQF[G6GEbGµRLLFSYÁ =UJKGQIKSFHPGLEFGL5SRJK_GbELJKMFGLEJKGEHGPRLGASUVVFHGOHPGDUHHFSHGPFSG^SO5MEUH PRLG KFVVFG NEH[FHG PFSG >FVPMSEF]QFSXFYG aMVRHG KRMMFG LEJKG HEJKMG [FMIOLJKM½G DEF aVO`ºG µEFG VRH[G QRSG PEFG OHMFSESPELJKFG »RLLR[FºG µRLG VFELMFMF Z3RSEGRVLGNJKQEbbFSEHºG:UHHMFGZEJXFSGTUHGLEJKGROLGFHMLJKFEPFH_GPR`GPRLG<ELEXU HEJKMG\OG[SU`GQRSºGµIKSFHPGEKbGPEFLFG>SR[FHGPOSJKGPFHG:U54G[EH[FH_GQOSPFGPRL AFSIOLJKGPFSGZSEF]QFSXFGVROMFSYGZ3RSEG4OKSGEKbGbEMGPFSGWRHPG2]FSGPFHGaSbY À:FEHFG´FEMG\ObG=RJKPFHXFHÁ_GLR[MFGLEFGLRH4MY

^KFGFSGLEFGPRSRHGKEHPFSHGXUHHMF_GLMEF`GLEFGLEJKGTUbGUSbY Z3RSEGTFSLJKQRHPGEbGAELJKMYGNFXOHPFHGL5IMFSGMROJKMFGLEFGHUJKGFEHbRVGRO4YGNEF SFJXMFGPFHGaSbGEHGPEFGWcKFGOHPGQEHXMFGEKbG\OYG^LGQRSGFEHFGRO4bOHMFSHPFGAFLMFY DFSG FELFSHFG ASE44G PFSG aH[LM_G PFSG LFEHG WFS\G [FQ2S[MG KRMMF_G VUJXFSMFG LEJKYG Z3RSE MROJKMFG OHMFSYG BHG ;FPFSG NFXOHPFG bO`MFG ES[FHPQUG KEHMFSG PFbG DOHLMG PEF aVOLLFLG MSR4G EKHG QEFG FEHG NJKUJXYG DRLG µRLLFSG 42KSMFG EKHG bEMG LEJK¼G FS ]SROJKMFGLEJKGHEJKMGRH\OLMSFH[FHYG^EHFGOHQEPFSLMFKVEJKFG:SR4MGSE`GEKHGEHGPEFGZEF4FY ^LGQOSPFGPOHXFVGSEH[LObYG^SGKRMMFGPEFGaSbFGQFEMGROL[FLMSFJXM_GObG:UVVELEUHFH bEMG TUSL5SEH[FHPFHG >FVL\RJXFHG \OG TFSbFEPFHYG ^SG ]F4RHPG LEJKG EHG FEHFb OHMFSESPELJKFHGNMUVVFH_GPFHGPFSG>VO`GbEMGSFE`FHPFSGAFLJKQEHPE[XFEMGPOSJKLMScbMFY ^EHG NMFJKFHG EHG PFHG @OH[FHG QRSG PRLG FSLMFG ´FEJKFH_G PR`G EKbG PFSG NROFSLMU44 ROL[EH[YG ^SG TFSPSIH[MFG PFHG NJKbFS\_G XUH\FHMSEFSMFG LEJKG PRSRO4_G EKHG HEJKMG \O ]FRJKMFHYG=UJKGEbbFSGOb[R]GEKHGOHPOSJKPSEH[VEJKFG>EHLMFSHELYGµFHHGQFHE[LMFHL ES[FHPQUG EHG PFSG >FSHFG FEHG @EJKMG \OG LFKFHG [FQFLFHG QISF_G FEHG NJKEbbFSG PFS WU44HOH[GYYY ^LG5UJKMFGEHGLFEHFbGNJKIPFVYG^SGQO`MFGHEJKMGbFKS_GEHGQFVJKFSG<EJKMOH[GFSGLEJK ]FQF[MFG6GU]GFSGLEJKG2]FSKRO5MGHUJKG]FQF[MFYG=EJKMLGRO`FSGPFbGPScKHFHPFH »UJKFHGQRSG\OGKcSFHYG^SGXRHHMFGLEJKYG´FKH_G42H4\FKHGNFXOHPFHGXUHHMFGFSGFLGOHMFS PEFLFHG8FPEH[OH[FHGHUJKGROLKRVMFH_GVIH[FSGHEJKMYGDFSGZUPGQISFGRH[FHFKbGOHP SRLJK_G LJKbFS\VUL_G FEHG LRH4MFLG WEH2]FS[VFEMFHG EHG ;FHFG µFVM_G ROLG PFSG HEFbRHP \OS2JXXFKSMFY =FEHÅG^SGQUVVMFGHEJKMGLMFS]FHÅG^SGQUVVMFGVF]FHÅG^SG]SROJKMFG@O4MÅ @O4MGYYY ¿ DEFG =RbFHVULFG QRSG TFSQESSMYG BKSG »VRHG QISFG ObG FEHG WRRSG [FVOH[FHYGa]FSG PRHH

KRMMFGROL[FSFJKHFMGPFS_GPFHGLEFG42SGEKSFHG¶FS]2HPFMFHGKEFVM_GFEH[F[SE44FHGOHPGPFH >FEHPG[FQRSHMYGaHLMRMMGEHGPFHG]SUPFVHPFHGAVOMbRLLFHGPFSG^SO5MEUHG\OGTFSLEHXFH_ QRSGPRLG>RKS\FO[GEHGPEFGWcKFG[FLJKULLFHGOHPGKRMMFGLU4USMGPEFGNOJKFGHRJKGPFH >VEFKFHPFHGRO4[FHUbbFHYG³EMGLEJKFSFbGBHLMEHXMGFSXRHHMFGLEF_GPR`GHEJKMLG4RVLJKFS [FQFLFHGQISF_GRVLGROLGPEFLFSG^HMQEJXVOH[GTUSFEVE[FGNJKV2LLFG\OG\EFKFHYG^LG[R] KEFSGFMQRL_GPRLGLEFGHEJKMGTFSLMRHPYGDFSG¶FS]2HPFMFGKRMMFGEKSFHG»VRHGPOSJKXSFO\M_ PRLGQRSG[FQE`YGa]FSGLEFGPOS4MFGEKHGPFLQF[FHGHEJKMGRVLG4FEHPLFVE[G]FMSRJKMFHYGDRL 82HPHELG ]FLMRHPG QFEMFSYG ^SG bO`MFG 42SG LFEHFG WRHPVOH[LQFELFG MSE4ME[FG AS2HPF [FKR]MG KR]FHYG ¶EFVVFEJKMG Q2SPFG LEFG LEFG FEHFLG ZR[FLG FS4RKSFHYG NEFG PRHXMFG PFH WcKVFHUVbFHG 42SG EKSFG MIME[FG ³EMRS]FEMYG DR`G EKSFG ³2KFG ObLUHLMG [FQFLFHG QRS_ FS4OKSFHG PEFG ?VbFG HEJKM¼G FLG KIMMFG QUbc[VEJKG EKSFG BHEMERMETFG ]FFEHMSIJKME[MYG BH 7]FSFEHLMEbbOH[GbEMGPFHGZEFSÃGOHPG»4VRH\FHRSMFHGPFLGaXMEUHLXUbEMFFLG]FLJKVU` PEFG =RbFHVULF_G PR`G EHG ´OXOH4MG XFEHFG PSRLMELJKFHG aXMEUHFHG bFKSG POSJK[F42KSM QFSPFHG LUVVMFHYG ³RHG QUVVMFG PFbG ¶FS]2HPFMFHG KFV4FHG OHPG EKHG ]FU]RJKMFHY ¶EFVVFEJKMGVEF`GLEJKGRO4GPEFLFGµFELFGEHG^S4RKSOH[G]SEH[FH_GQEFGPFHG>SFbPFHGRb ]FLMFHG]FE\OXUbbFHGQRSY ¿ ^EHG4SELJKFSG@O4M\O[GQELJKMFGPEFG?KHbRJKMG]FELFEMFYGNFV]LMMIME[GMSRMFHGPEFG@OH[FH EHGaXMEUHGOHPG5Ob5MFHGbEMGFEHFSG³RJKM_GPR`GPFSG8SOLMXUS]G\OGF¾5VUPEFSFHGPSUKMFY WFVVFLG @EJKMG PSRH[G EKbG EHG PEFGaO[FHYG ^SG LJKVO[G bEMG PFHGaSbFHG ObG LEJKYG ^MQRL µFEJKFL_G µRSbFLG 4R`MFG LFEHFG WRHPG OHPG \U[G EKHYG µRLLFSG SROLJKMFG OHP 5VIMLJKFSMFYG ^SG KRMMFG 8UPFHG OHMFSG PFHG >2`FHYG DRLG HUSbRVFG AFQEJKMG XFKSMF \OS2JXYG^SGVR[GES[FHPQUGRO4GPFbG8UPFH_GOHPG2]FSGEKbGLMSRKVMFGZ3RSELG4SFOHPVEJKFL @IJKFVHYG NEFG 4OKSG EKbG LRH4MG bEMG PFSG WRHPG 2]FSG PEFG NMESHYG ÀµESG KR]FHG FLG ]FEPF 2]FSLMRHPFHÁ_GLR[MFGLEFY ^SGSEJKMFMFGLEJKGRO4YG´FKHG³FMFSGKEHMFSGEKbGSROLJKMFGPFSG>VO`YGDRLG¹4FSGQRSGbEM 8IObFHG ]FLMRHPFHYGaO4G FEHFbG PFSG 8IObFG KUJXMFG ZEJXFSG OHPG LRKG LUG ROL_G RVL [I]FGFLGHEJKMLGRO4GPFSGµFVM_GQUPOSJKGLFEHGAVFEJKbOMGFSLJK2MMFSMGQFSPFHGXUHHMFY NEFG]F4RHPFHGLEJKGRO4GFEHFbG»VRMFROYGBbGµFLMFHGLJKEJXMFGLEJKGPEFGNUHHFG\Ob ¹HMFS[FKFHGRHYG^SGQRHPMFGLEJKGObGOHPGbOLMFSMFGPRLG>FVLFHbROV_GROLGPFbGPFS >VO`GKFSTUS[FLJKULLFHGXRbYGµEFGHRKFGQRSGFSGPFbGZUPG[FQFLFHºG^SGQ2SPFGFL HEFGFS4RKSFHYGDEFG³UHMOSGXVF]MFGEKbGRbG@FE]YG^SGKRMMFGFEHFGOHRH[FHFKbFG=RJKM TUSGLEJKYG^SLMGbUS[FHGXUHHMFGFSGPRSRO4GKU44FH_GPR`GPEFGNUHHFGEKHGMSUJXHFMFYG^S KUSJKMFYG^EHGPOb54FL_GTFSKRVMFHFLGDScKHFHGXRbGROLGQFEMFSG>FSHFYGDEFG^SO5MEUH QRSG HUJKG EbbFSG EbG ARH[YG DEFG :SI4MF_G PEFG LFEHG OHKFEbVEJKFSG ¶FS]2HPFMFS FHM4FLLFVMGKRMMF_GVEF`FHGLEJKGLUGSRLJKGHEJKMGQEFPFSG]RHHFHY

NFEHG8VEJXGLOJKMFGZEJXFS_GPFHGaPVFSYGµRHHGQ2SPFGFSGPEFG[FKFEbHELTUVVFHG:SI4MF PEFLFLG»VRHFMFHG;FGTFSLMFKFHº DRLGNEH[FHGPFSGZSEF]QFSXFGQRSGTFSLMObbMYGDEFGaROLMG OHPGaVVFLKESHYÁG ÀBJKG QFSPFG LEFG FSXFHHFHÁ_G bOSbFVMFG PEF »FHFMSRH\YGÀBJKGQRSMF_G]ELGPOGLEFGbESGLJKEJXLMYÁ

89:8

WXYZX[\]X^Z\X_\Y`\ab`c\dee\cX[\fgX`ZXhX[\cX[\ijk\lYZm fh_]Xgh[ZX`\cX_\an_X` op`\qr\sr\t[b`uY_ vlw[X__hlm x\ypwz[Y]^Z\cX[\j[Y]Y`b{bh_]bgX\gz\|bgX{}~pXY]\€X[{b]\sf\gb_ZbZZ y^Xh[XcbiZYp`m\{bh_\zr\t[Yui x\ypwz[Y]^Z\cX[\Xappi}fh_]bgX\gz\[XbcX[_w{b`XZ\slgqf\|b__bhf\{||}f\XY`X kY~X`~bh_]bgX\lYZ sX`X^lY]h`]\cX[\|bgX{}~pXY]\€X[{b]\sf\gb_ZbZZ