6
1C2?A2;06.@ =.?.
9.6;@A.9.06Z;
'?.;@=<?A2
#@D 2A2C2E@D D@? A6D25@D J E:6?6?
BF62D68FC2CD6 5FC2?E6 6= EC2?DA@CE6
J>@?E2;6
42FD2 56= 6=6G25@ A6D@ J =2D
5:>6?D:@?6D 56= 2A2C2E@ J 4@? @3;6E@
56 6G:E2C @ C65F4:C 2 F? >]?:>@ =@D
C:6D8@D 56 52^@D @ =6D:@?6D A6CD@?2=6D
@ 56DA6C764E@D 6? 6= 2A2C2E@
D6C6BF:6C6? 4@>@ >]?:>@ 5@D
A6CD@?2D A2C2 82C2?E:K2C F?2
:?DE2=24:_? D68FC2 56= >:D>@
B4.? 12 2:=9.G.:62;A<
= =F82C >VD 2564F25@ A2C2 6=
6>A=2K2>:6?E@ 56= 2A2C2E@ 6D F?2
923:E24:_? D642 5@E252 56 F?2 3F6?2
G6?E:=24:_? )64F6C56 256>VD BF6 6=
2A2C2E@ ?@ 5636 :?DE2=2CD6 56 7@C>2
BF6 C64:32 5:C64E2>6?E6 =@D C2J@D 56=
D@= ?: 6?4@?EC2CD6 E2>A@4@ AC_I:>@
27@4@D 24E:G@D 56 42=@C E2=6D 4@>@
4@4:?2D 42=67244:@?6D 6E4
%@@3DE2?E6 D: 6DE@ c=E:>@ 7F6C2
:?6G:E23=6 D6 923CV 56 AC@E686C
=2F?:525 4@? F? A2?6= 2:D=2?E6
2564F25@ @ 3:6? @3D6CG2C =2D
D:8F:6?E6D 5:DE2?4:2D >]?:>2D 56
D6A2C24:_? 4@? C6DA64E@ 2 =2 7F6?E6
5642=@C 6? 4F6DE:_?
@4:?2D 6=[4EC:42D @ 56 82D
4>
@4:?2D 56 @:= @ 56 42C3_? 4>
? 42D@ 56 :?DE2=2C 6= 2A2C2E@ ;F?E@
2@EC2 F?:525 56 C67C:86C24:_? @4@?86f
=24:_? 5636CV @3D6CG2CD6 F?2 5:DE2?f
4:2 >]?:>2 56 D6A2C24:_? =2E6C2= 56
>> 2 7:? 56 6G:E2C =2 7@C>24:_? 56
28F2 56 4@?56?D24:_?
? 42D@ 56 >@?E2C F? A2C2>6?E@
@F?2C>2C:@ A@C 6?4:>2 56= 2A2C2E@
5636CV E6?6CD6 6? 4F6?E2 BF6 5636
6I:DE:C F? :?E6CDE:4:@ 56 >> 2 7:? 56
A@56C 6IEC26C 6= 2A2C2E@ 56= 9F64@ 56
>@?E2;6
= 2:C6 C642=6?E25@ 6? =2 A2C65
A@DE6C:@C 56= 2A2C2E@ 5636 A@56C
6D42A2C =:3C6>6?E6 56= >:D>@
.@2 12 .=<F<
HA2;06Z;
= 2A2C2E@ 6D >FJ A6D25@
$@56=@ 4@? 5:DA6?D25@C
56 9:6=@
<8
= DF6=@ 6? 6= =F82C 56 6>A=2K2>:6?E@
56= 2A2C2E@ 5636CV A@D66C F?2
DF7:4:6?E6 42A24:525 56 DFDE6?E24:_?
? 42D@ ?646D2C:@ 5636CV C67@CK2CD6
2564F252>6?E6
= :?DE2=2C 6= 2A2C2E@ 6? F?2 6DBF:?2
56= C64:?E@ @ 6? 6= 9F64@ 56 F? >F63=6
=2D AF6CE2D D_=@ D6 A@5CV? 23C:C
4@>A=6E2>6?E6 92DE2 6= E@A6 D: D6
@3D6CG2? 6DEC:4E2>6?E6 =2D >]?:>2D
5:DE2?4:2D 56 D6A2C24:_? AC6D4C:E2D
G[2?D6 6= 42A]EF=@ =2D 4@E2D J >65:52D
56 >@?E2;6 56= 2A2C2E@
? 42D@ 56 BF6 =@D >F63=6D
25J246?E6D 56 =2 4@4:?2 A@D6J6C2?
F?2 AC@7F?5:525 DFA6C:@C 2 =@D
4>
5636CV? @3D6CG2CD6 F?2D 5:DE2?4:2D
=2E6C2=6D >]?:>2D 2 7:? 56 A@56C
2AC@G6492C 6= >VI:>@ V?8F=@ 56
2A6CEFC2 56 =2D AF6CE2D G[2D6 6=
42A]EF=@ MR?8F=@ 56 2A6CEFC2 56 =2D
AF6CE2DP
$?2@A.? .A2;06Z; . 9.
A2:=2?.AB?. 129 2;A<?;<
F9. C2;A69.06Z; 129
.=.?.A<
'2:=2?.AB?. 12 9. 5./6A.06Z;
? 7F?4:_? 56 DF M=2D6 4=:>VE:42P
G[2D6 =2 A=242 56 42C24E6C]DE:42D
6=2A2C2E@ 6D 2AC@A:25@ A2C2 =2D D:f
8F:6?E6D E6>A6C2EFC2D 56= 6?E@C?@ C6f
4:?E@ :?5:42 2 BF[ E6>A6C2EFC2 56=
6?E@C?@ AF656 7F?4:@?2C 6=2A2C2E@ #2
A=242 56 42C24E6C]DE:42D D6 6?4F6?EC2
232;@ 2 =2 56C6492 6? 6= :?E6C:@C 56= 7C:f
8@C]7:4@
" +#
!#$!
#! "
H 4-?@- H
H 4-?@- H
H 4-?@- H
H 4-?@- H
)2;A69.06Z;
%@ 4F3C:C ?: @3DECF:C 6? ?:?8c? 42D@ =2D
236CEFC2D 56 G6?E:=24:_? J 2:C624:_? 6?
=2 A2CE6 A@DE6C:@C 56= 2A2C2E@
6 =@ 4@?EC2C:@ 6= 2A2C2E@ E6?5CV BF6
2F>6?E2C DF C6?5:>:6?E@ AC@G@42?5@
F? 4@?DF>@ 56 6?6C8]2 6=[4EC:42
6=6G25@ 6 :?cE:=
@=@42C =@D 5:DE2?4:25@C6D
DF>:?:DEC25@D 4@? 6= 2A2C2E@ 6? =@D
D@A@CE6D AC@G:DE@D 2 5:49@ 6764E@ 6?
=2A2CE6 A@DE6C:@C 56= >:D>@ 2 7:? 56
@3D6CG2C =2 5:DE2?4:2 >]?:>2 AC6D4C:E2
C6DA64E@ 2 =2 A2C65
2@