Modèles aléatoires et physique probabiliste (French Edition)

Modèles aléatoires et physique probabiliste Springer Paris Berlin Heidelberg New York Hong Kong Londres Milan Tokyo ...

Author: Franck Jedrzejewski

400 downloads 1457 Views 3MB Size Report

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

DOWNLOAD PDF

Modèles aléatoires et physique probabiliste

Springer Paris Berlin Heidelberg New York Hong Kong Londres Milan Tokyo

Franck Jedrzejewski

Modèles aléatoires et physique probabiliste

Franck Jedrzejewski CEA Saclay - INSTN 91191 Gif-sur-Yvette Cedex [email protected]

ISBN 13 : 978-2-287-99307-7 Springer Paris Berlin Heidelberg New York © Springer-Verlag France 2009 Imprimé en France Springer-Verlag France est membre du groupe Springer Science + Business Media

Cet ouvrage est soumis au copyright. Tous droits réservés, notamment la reproduction et la représentation, la traduction, la réimpression, l’exposé, la reproduction des illustrations et des tableaux, la transmission par voie d’enregistrement sonore ou visuel, la reproduction par microfilm ou tout autre moyen ainsi que la conservation des banques données. La loi française sur le copyright du 9 septembre 1965 dans la version en vigueur n’autorise une reproduction intégrale ou partielle que dans certains cas, et en principe moyennant les paiements des droits. Toute représentation, reproduction, contrefaçon ou conservation dans une banque de données par quelque procédé que ce soit est sanctionnée par la loi pénale sur le copyright. L’utilisation dans cet ouvrage de désignations, dénominations commerciales, marques de fabrique, etc., même sans spécification ne signifie pas que ces termes soient libres de la législation sur les marques de fabrique et la protection des marques et qu’ils puissent être utilisés par chacun. La maison d’édition décline toute responsabilité quant à l’exactitude des indications de dosage et des modes d’emplois. Dans chaque cas il incombe à l’usager de vérifier les informations données par comparaison à la littérature existante.

Maquette de couverture : Jean-François MONTMARCHÉ

,DBB6>G:

-?->0 1@ /;:@5:31:/1

*JT:HI 8: FJ: A: =6H6G9

!6H6G9 :I 86JH6A>If

!6H6G9 :I 9fI:GB>C>HB:

!6H6G9 :I DG9G:

!6H6G9 :I EGD767>A>IfH

&D9fA>H6I>DCH 9J =6H6G9

%T6M>DB6I>H6I>DC 9: $DABDC7A:H

)->5-.81? -8O-@;5>1?

)GD767>A>IfH

&DB:CIH :I >CfIfH

DC8I>DC 86G68IfG>HI>FJ:

/6G>67A:H 6Af6ID>G:H >C9fE:C96CI:H

DK6G>6C8: &6IG>8:H 9: 8DK6G>6C8:

/:8I:JGH :CH

&D9:H 9: 8DCK:GH 9:H B>I:H M:BEA:H 9: AD>H

%D>H >C9fRC>B:CI 9>K>H>7A:H AD>H HI67A:H

HEfG6C8:H 8DC9>I>DCC:AA:H

M:G8>8:H

,DBB6>G:

"->@5:3-81?

fRC>I>DCH

-:BEH 9T6GGgI

"CfIfH

f8DBEDH>I>DC 9:H B6GI>CC8:H

4-Q:1? 01 "->7;B

fRC>I>DCH :I EG:B>eG:H EGDEG>fIfH )GDEG>fIfH 9: &6G@DK

-=fDG>: 9J EDI:CI>:A

-G6CH>:C8: :I Gf8JGG:C8:

=6iC:H >GGf9J8I>7A:H Gf8JGG:CI:H

&6G8=:H 6Af6ID>G:H

=6iC:H >C=DBD<eC:H

M:G8>8:H

:@>;6I>DCH

"C;DGB6I>DC :I :CIGDE>:

CIGDE>: 9TJC: E6GI>I>DC

CIGDE>: :I GfK:GH>7>A>If

M:G8>8:H

(41>9;0E:-95=A1 ?@-@5?@5=A1

DC8I>DC 9: E6GI>I>DC

-=:GBD9NC6B>FJ:

CH:B7A:H 86CDC>FJ:H

&D9eA: 9J I

6O 9: ;:GB>DCH DJ 9: 7DHDCH +69>6I>DC 9J 8DGEH CD>G

M:G8>8:H

%4O:;9N:1? />5@5=A1?

-G6CH>I>DCH 9: E=6H:

-=fDG>: 9: %6C96J

MEDH6CIH 8G>I>FJ:H :I AD>H 9Tf8=:AA:H

&D9eA: 9T"H>C<

EEGDM>B6I>DCH 9: 8=6BE BDN:C

GDJE: 9: G:CDGB6A>H6I>DC

,DBB6>G:

,NHIeB:H 9fHDG9DCCfH /:GG:H 9: HE>C ):G8DA6I>DC M:G8>8:H

'59A8-@5;: 1@ -83;>5@491? ?@;/4-?@5=A1?

fCfG6I:JGH 6Af6ID>G:H

"CIfDC E6G &DCI: 6GAD

-G6CHEDGI 9: E6GI>8JA:H

,>BJA6I>DC 9: 8=6iC:H 9: &6G@DK

(EI>B>H6I>DC HID8=6HI>FJ:

M:G8>8:H

%>;/1??A? -8O-@;5>1?

fRC>I>DCH 9:H EGD8:HHJH

)GD8:HHJH 9: &6G@DK

)GD8:HHJH EDC8IJ:AH

)GD8:HHJH 9: )D>HHDC

)GD8:HHJH 9: %fKN

)GD8:HHJH 9J H:8DC9 DG9G: M:G8>8:H

581?

";AB191:@ .>;C:51:

fRC>I>DC :I 8DCHIGJ8I>DC

+f<JA6G>If 9:H IG6?:8ID>G:H

&6GI>C:AA:H

)GDEG>fIfH 9: &6G@DK

&DJK:B:CI 7GDLC>:C ;G68I>DCC6>G:

M:G8>8:H

:@O3>-81 ?@;/4-?@5=A1

"CIf B6GI>CCJ:H

-=fDGeB: 9: >GH6CDK

_FJ6I>DCH 9: HIGJ8IJG:

M:G8>8:H

0I-@@1:@1 >A: >A: & >A: & >A: &&H M:G8>8:H

K=A-@5;:? 05JO>1:@51881? ?@;/4-?@5=A1?

_FJ6I>DC 9: %6CC

,DBB6>G:

M>HI:C8: :I JC>8>If 9:H HDAJI>DCH 9: )GD8:HHJH 9: :AA:G

)GD8:HHJH 9: 9>[JH>DC

GJ>I 7A6C8 7GJ>I 8DADGf

DGBJA: 9: :NCB6C $68

_FJ6I>DC 9: D@@:G )A6C8@

M:G8>8:H

'/4O9-? :A9O>5=A1? 1@ [email protected]@O

,8=fB6 9TJA:G

,8=fB6 9: &>AHI:>C

,8=fB6 9: !:JC

&fI=D9:H 9: +JCA>If HID8=6HI>FJ:

MEDH6CIH 9: %N6EJCDK

M:G8>8:H

ATfFJ6I>DC

9T"Il

K=A-@5;:? -AD 0O>5BO1? @51881?

_FJ6I>DCH :AA>EI>FJ:H

_FJ6I>DCH E6G67DA>FJ:H

_FJ6I>DC 9: $DGI:L:< 9: /G>:H

&D9eA: 9: &8$:6C /A6HDK

_FJ6I>DC 9: JG8:H

)5.>-@5;:? -8O-@;5>1?

DC8I>DC 9: IG6CH;:GI

(H8>AA6I:JG =6GBDC>FJ:

C6ANH: BD96A:

DGBJA:H 9: +>8:

_FJ6I>DC 9: D@@:G )A6C8@ EDJG

&DN:CC>H6I>DC HID8=6HI>FJ:

M:G8>8:H

ATDH8>AA6I:JG

%>O05/@5;: 1@ G8@>-31

)G>C8>E: 9J RAIG6AIG: 9: $6AB6C J8N

)GD8:HHJH +&

M:G8>8:H

-8/A8 01 "-885-B5:

=6DH 9: 0>:C:G

>HIG>7JI>DCH 9: !>96

)GD9J>IH 9: 0>8@

,DBB6>G:

fG>Kf: 9: &6AA>6K>C

DGBJA: 9: A6G@ (8DC: "CIf8:H

%>;.-.585@O? =A-:@5=A1?

HE68:H 9: !>A7:GI

CIGDE>:H FJ6CI>FJ:H

6A<e7G:H

A<e7G:H 9: KDC ':JB6CC

HE68:H 9: D8@

6A8JA HID8=6HI>FJ: FJ6CI>FJ:

_FJ6I>DCH B6iIG:HH:H

_FJ6I>DC 9: 6A9:>G6 %:;.-.585@O? 85.>1?

%>7:GIf :I >C9fE:C96C8:

%D> H:B> 8>G8JA6>G:

-G6CH;DGBf: 9: 6J8=N

DCKDAJI>DC A>7G:

-=fDGeB: 9: A6 A>B>I: 8:CIG6A:

%D>H >C9fRC>B:CI 9>K>H>7A:H :I AD>H HI67A:H CIGDE>: A>7G:

DGBJA: 9T"Il A>7G:

M:G8>8:H

"-@>5/1? -8O-@;5>1?

CH:B7A:H :CH

CH:B7A:H 8>G8JA6>G:H

DC8I>DC 9: +>:B6CC

DC8I>DCH 9: 8DGGfA6I>DC

DBEDGI:B:CIH 9:H K6A:JGH EGDEG:H &D9eA: 9J :AA:H

M:G8>8:H

"1?A>1? 1@ 5:@O3>-@5;:

-G>7JH

&:HJG:H EDH>I>K:H

"CIfDC

HE68:H 9: %:7:H<J: &:HJG:H EGD9J>IH

&:HJG:H 9: +69DC

,DBB6>G:

DCKDAJI>DC :I IG6CH;DGBf: 9: DJG>:G DCK:GBBf9>6I: 8:II: 86JH: ` HDC IDJG :HI 8DCdJ: 8DBB: :[:I :I 6>CH> 9: HJ>I: H6CH FJ: AT:CI:C9:B:CI 8DCdD>K: G>:C FJ> A>B>I: 8:II: AD> 9: GfDC 96CH ATDG9G: 9:H E=fCDBeC:H %T:[:I 68IJ:A 9:K>:CI DJ E:JI 9:K:C>G ` HDC IDJG 86JH: 9TJC :[:I HJ7HfFJ:CI :I 6>CH> ` AT>CRC> :II: 8=6iC: >CRC>: 9: 86JH:H :I 9T:[:IH A>fH 96CH ATDG9G: 9J I:BEH 8=6iC: 9DCI A: E=fCDBeC: 68IJ:A ;DGB: JC 6CC:6J 8DCHI>IJ: JC: HfG>: A>Cf6>G: .C: >CRC>If 9: HfG>:H E6G:>AA:H E:JK:CI 8D:M>HI:G 96CH

!6H6G9 :I 9fI:GB>C>HB:

A: I:BEH ] DJGCDI @87;1:H 86JH6A:H A>Cf6>G:H BJIJ:AA:B:CI >C9fE:C96CI:H 9: I:AA:H HfG>:H ADGHFJT:AA:H H: 8GD>H:CI EGD9J>H:CI 9:H fKfC:B:CIH FJ> 9fE:C9:CI 6>CH> 9: EAJH>:JGH HfG>:H 9>HI>C8I:H 9: 86JH:H 8:H ] DJGCDI ;;)1 ;=: 4-; .76 ,-5-6G:B:CI ` !JB: :I %6EA68: A: =6H6G9 CT:HI C> 67H:C8: 9: 86JH: C> :[:I 9: CDIG: >HIDI: 9>HI>C<J: FJ6IG: 86JH:H A6 86JH: B6IfG>:AA: A6 86JH: ;DGB:AA: A6 86JH: :Z8>:CI: :I A6 86JH: RC6A: :I 9fK:ADEE: A6 I=fDG>: 9J =6H6G9 96CH H6 0A;19=- 7 :I HJ>K6CIH \ %6 ;DGIJC: :I A: =6H6G9 HDCI 9:H 86JH:H E6G 688>9:CIH EDJG 9:H 8=DH:H HJH8:EI>7A:H 9: C: H: EGD9J>G: C> 67HDAJB:CI C> A: EAJH HDJK:CI :I :C DJIG: HJH8:EI>7A:H 9TgIG: EGD9J>I:H :C KJ: 9TJC: RC ] G>HIDI: 0A;19=- 6 %:H 8=DH:H 6GG>K:CI E6G =6H6G9 DJ E6G ;DGIJC: 6J H:CH Dn A:JG 86JH: :HI 688>9:CI:AA: !6H6G9 :I ;DGIJC: HDCI :JM BgB:H 9:H 86JH:H >C9fI:GB>Cf:H G>HIDI: EG:C9 8DBB: :M:BEA: JC 8Gf6C8>:G FJ> H: G:C9 ` AT68>E:G 6JM 9>H8JHH>DCH EJ7A>FJ:H :I FJ> G:C8DCIG: HDC 9f7>I:JG %: ,I6G>I: BDCIG: A6 GJEIJG: FJ> H: EGD9J>I 96CH ATDG9G: 9:H 86JH:H :Z8>:CI:H :I RC6A:H \ A: =6H6G9 :HI JC: G:C8DCIG: 688>9:CI:AA: FJ> G:HH:B7A: ` JC: G:C8DCIG: >CI:CI>DCC:AA: ] )DJG ,E>CDO6 \ A6 EDHH>7>A>If :I A6 8DCI>CDCH 9:H 8=DH:H ] B6>H \ 9:H 9f;6JIH 9: CDIG: :CI:C9:B:CI ] ,E>CDO6 -6;L-; 5LC86Gf A: =6H6G9 C6iI 9TJC: 9>HEGDEDGI>I>DC :CIG: A6 86JH: :I AT:[:I "A 9DCC: AT:M:BEA: 9TJC 8lC: E6G;6>I:B:CI fFJ>A>7Gf FJ> C: E:JI E6H G:EDH:G HJG H6 ED>CI: 86G B6AH 9: A6 I6I>DC FJ> AJ> 6HHJG: JC fFJ>A>7G: E6G;6>I B6>H >CHI67A: 8: 8lC: :HI HDJB>H 6JM BD>C9G:H 6I6I>DCH 9: AT6>G FJ> 8DCIG6G>:CI HDC fFJ>A>7G: 6K>9 +J:AA: 6E E:AA: ,L8-6,)6+- ;-6;1- )=@ +76,16I>DC 9:H 8DC9>I>DCH 9: 9fE6GI FJ> EGDKDFJ: A6 G6B>R86I>DC 9:H 8=6BEH 9J EDHH>7A:

%T>CHI6CI EGfH:CI 6 A: 8=D>M :CIG: 9: BJAI>EA:H EGDADCB: E6G 9:H EGD8:HHJH 6Af6ID>G:H >BEGfK>H>7A:H FJ> E:JK:CI 9DCC:G C6>HH6C8: ` 9:H fKfC:B:CIH 9>[fG:CIH 96CH 9:H 8DC9>I>DCH >9:CI>FJ:H ,> ATfKfC:B:CI HT:HI EGD9J>I E6G =6H6G9 >A EDJGG6 fKDAJ:G :C DJ :C 96CH A:H BgB:H 8DC9>I>DCH 96CH A6 B:HJG: Dn A:H fKfC:B:CIH :I HDCI >C9fE:C96CIH 9:

!6H6G9 :I 9fI:GB>C>HB: -DJI fKfC:B:CI 6 I >A JC: 86JH: :II: FJ:HI>DC :HI :AA: >C9f8>967A: "A CT:HI E:JI gIG: E6H Cf8:HH6>G: 9: GfEDC9G: ` 8:II: FJ:HI>DC EDJG BDCIG:G FJ: A:H AD>H 9: A6 C6IJG: C: HDCI E6H IDJ?DJGH 9J INE: 86JH6A :I ?JHI>R:G AT>CI:GEGfI6I>DC >C9fI:GB>C>HI: !6H6G9 :I 9fI:GB>C>HB: C: HDCI E6H 8DCIG6 9>8ID>G:H :C 8: H:CH FJ: AT:M>HI:C8: 9J =6H6G9 CT:M8AJI E6H A6 EDHH>7>A>If 9TJC BDC9: :CI>eG:B:CI 9fI:GB>C>HI: T:HI ` 9>G: JC BDC9: 96CH A:FJ:A H> JC

!6H6G9 :I 8DCI>CCHI6CI 9DCCf >A :HI EDHH>7A: ` JC D7H:GK6I:JG FJ:A 8DCFJ: 9: 8DCC6iIG: ATfI6I 9: 8: HNHIeB: ` JC >CHI6CI JAIfG>:JG 6K:8 6JI6CI 9: EGf8>H>DC FJT>A HDJ=6>I: _I6CI :CI:C9J FJT>A :M>HI: JC: 8=6iC: 86JH6A: FJ> E:JI gIG: 6EEGD8=f: E6G 9:H BfI=D9:H 6C6ANI>FJ:H FJ> E:GB:II:CI A6 EGf9>8I>DC :I FJ: A:H SJ8IJ6I>DCH 6Af6ID>G:H FJ> E:JK:CI 6EE6G6iIG: W fK:C IJ:AA:B:CI ` JC C>K:6J 9>[fG:CI 9J C>K:6J 9J HNHIeB: fIJ9>f W CT6[:8I:CI E6H A: 86A8JA :GI6>CH 6JI:JGH 9>HI>C<J:CI H:ADC A:H CDI>DCH 9: =6H6G9 ,> A: =6H6G9 :HI 96CH A:H 8=DH:H A6 9fH>CIfDC G69>D68I>K: :HI KfG>I67A:B:CI JC E=fCDBeC: 6Af6ID>G: 9: A6 C6IJG: FJ> C: 9fE:C9 E6H 9: A6 8DCC6>HH6C8: HJEGgB: FJ: ?: EDJGG6>H 6KD>G 9J BDC9: 6ADGH =6H6G9 :I 9fI:GB>C>HB: HDCI >C8DBE6I>7A:H C G:K6C8=: H> A: =6H6G9 :HI 96CH CDH ?JC>HB: CT:HI E6H :M8AJH>; 9J =6H6G9 )DJG %6EA68: \ CDJH 9:KDCH :CK>H6K:GH 8DBB: AT:[:I 9: HDC fI6I 6CIfG>:JG :I 8DBB: A6 86JH: 9: 8:AJ> FJ> K6 HJ>KG: .C: >CI:AA> EDJG JC >CHI6CI 9DCCf 8DCC6iIG6>I IDJI:H A:H ;DG8:H 9DCI A6 C6IJG: :HI 6C>Bf: :I A6 H>IJ6I>DC G:HE:8I>K: 9:H gIG:H FJ> A6 8DBEDH:CI H> 9T6>AA:JGH :AA: fI6>I 6HH:O K6HI: EDJG HDJB:IIG: 8:H 9DCCf:H ` AT6C6ANH: :B7G6HH:G6>I 96CH A6 BgB: ;DGBJA: A:H BDJK:B:CIH 9:H EAJH K:GH :I 8:JM 9J EAJH Af:C C: H:G6>I >C8:GI6>C EDJG :AA: :I AT6K:C>G 8DBB: A: E6HHf H:G6>I EGfH:CI ` H:H N:JM ] %6EA68: ;;)1 80147;78019=;=: 4-; 8:7*)*141DC A6 C6IJG: :HI E6G;6>I: B:CI >CI:AA>7A: &6>H 8: 9fI:GB>C>HB: 6CC>=>A: A: I:BEH 86G H> AT>BEGfKJ :I AT>C6II:C9J CT:M>HI:CI EAJH AT6K:C>G CT6 EAJH 9: H:CH )6HHf :I ;JIJG H: 8DC;DC9:CI :C JC EGfH:CI >C9>[fG:C8>f %T:[:I >BEADH: HJG H6 86JH: 6J 8JC fKfC:B:CI CT6EE6G6iI A6 K>: CT:M>HI: EAJH &:N:GHDC 6 BDCIGf FJT:C EDHIJA6CI AT>CI:AA>7>A>If 9: A6 C6IJG: IDJI: :MEA>86I>DC H8>:CI>RFJ: H:G6>I >BEDHH>7A: ,> A6 C6IJG: fI6>I :CI>eG:B:CI >CI:AA>7A: :AA: CT:M>HI:G6>I E6H

%: 9fI:GB>C>HB: G:EDH: ` A6 ;D>H HJG JC DG9G: D7?:8I>; C6IJG:A A6 86JH6A>If 86G >A HJEEDH: FJ: 8: FJ> H: EGD9J>I :HI AT:[:I 9: 86JH:H 9fI:GB>Cf:H :I HJG JC DG9G: HJ7?:8I>; A6 EGf9>8I>7>A>If FJ> HJEEDH: A6 EGfK>H>DC :M68I: 9:H :[:IH EGD9J>IH ` E6GI>G 9: 8DC9>I>DCH 9DCCf:H %:H EG:B>eG:H 9f8DJK:GI:H 9: A6 Bf86C>FJ: FJ6CI>FJ: DCI EGDKDFJf A6 8G>H: 9J 9fI:GB>C>HB: %T>9f: FJ: A: =6H6G9 :HI >C9>HE:CH67A: ` A6 9:H8G>EI>DC 9J BDC9: E=NH>FJ: CT6 E6H fIf ;68>A:B:CI 688:EIf: E6G A6 8DBBJC6JIf H8>:CI>RFJ: DBB:CI 688:EI:G JC: I=fDG>: H8>:CI>RFJ: FJ> C: 9DCC: FJ: 9:H 6HH:GI>DCH EGD767A:H :I CDC 8:GI6>C:H 9:H GfHJAI6IH \ EG:HFJ: HoGH ] 6J A>:J 9: KfG>IfH :CI>eG:H )DJG %DJ>H 9: GD: :I 9T6JIG:H E=NH>8>:CH A6 H8>:C8: :HI >C8DC8:K67A: H6CH 9fI:GB>C>HB: 67HDAJ "A E:CH: FJ: A: =6H6G9 CT:HI E6H Cf8:HH6>G: ` A6 9:H 8G>EI>DC 9J BDC9: E=NH>FJ: FJT>A ;6JI G:K:C>G ` JC: I=fDG>: 9fI:GB>C>HI:

D=B :I 9T6JIG:H DCI HJI 9DIf 9TJC: HIGJ8IJG: 9fI:GB>C>HI: HDJH ?68:CI: 8T:HI A6 I=fDG>: 9:H >):1)*4-; +)+0L-;

J 8DCIG6>G: EDJG AT_8DA: 9: DE:C=6<J: D=G !:>H:C7:G:C8: :HI 696EIf: ` A6 9:H8G>EI>DC 9J BDC9: E=NH>FJ: %T>C9fI:GB>C>HB: H: ;DC9: HJG JC: >CI:GEGfI6I>DC 6Af6ID>G: 9:H E=fCDBeC:H E=NH>FJ:H %6 EGD767>A>If 9: EGfH:C8: 9TJC: E6GI>8JA: FJ> 69B:I EDJG 9:CH>If A: 86GGf 9J

!6H6G9 :I DG9G:

BD9JA: 9: A6 ;DC8I>DC 9TDC9: :HI AT6GI>8JA6I>DC :HH:CI>:AA: :CIG: A: BDC9: FJ6CI>FJ: :I A: BDC9: 9: ATD7H:GK6I:JG %:H AD>H 9J C>K:6J B68GDH8DE>FJ: HDCI 9:H BDN:CC:H HI6I>HI>FJ:H 9:H SJ8IJ6I>DCH FJ> 6EE6G6>HH:CI 6J C>K:6J B>8GDH8DE>FJ: %6 HI67>A>If FJ> H: B6C>;:HI: ` ATfI6I B68GDH8DE>FJ: :HI JC :[:I HI6I>HI>FJ: 9:H SJ8IJ6I>DCH FJ> GeK:6J B>8GDH8DE>FJ: %6 8DCHI6CI: 9: )A6C8@ E6GI6DCH 9T>C9fI:GB>C6I>DC 9T!:>H:C7:G< G:SeI:CI AT>C688:HH>7>A>If 9J 9DB6>C: FJ6CI>FJ: 96CH JC: 6E EGD8=: 9fI:GB>C>HI:

!6H6G9 :I DG9G: *J:AA:H G:A6I>DCH :CIG:I>:CC:CI DG9G: :I =6H6G9 DG9G: :I 9fHDG9G: :H :MEfG>:C8:H 8DCI:BEDG6>C:H DCI BDCIGf FJ: A: 9fHDG9G: E:JI C6iIG: 9: B6 C>eG: >BEGfK>H>7A: 6J H:>C 9: HIGJ8IJG:H DG9DCCf:H DC E6GA: 6ADGH 9: 0);):, ,LCf6>G:H :C 7>:C FJ: E6G;6>I:B:CI 9fI:G B>C>HI:H A6>HH:CI HJEEDH:G E6G A:JGH 9:If FJT:AA:H DCI fIf G:B:CI :H 8DJE:H IG6CHK:GH6A:H BDCIG:CI 9:H 8N8A:H A> B>I:H Dn HT:CGDJA:CI A:H HDAJI>DCH 9J HNHIeB: 9>[fG:CI>67A: 9:H 76HH>CH 9T6IIG68I>DC Dn 9:H )G:H 9J GfB: >CHI6I>DCC6>G: :H HNHIeB:H =6B>AIDC>:CH 9>HH>E6I>;H BD9fA>H:CI 9:H BDJK:B:CIH IJG7JA:CIH FJ> EGfH:CI:CI 9:H fKDAJI>DCH 8=6DI>FJ:H >C HI67>A>If 9: :HC6G9 Gf68I>DC 9: :ADJODK 3=67DI>CH@N :I8 .C: H>BEA: G:A6I>DC 9: Gf8JGG:C8: 8DC9J>I ` 9:H E=fCDBeC:H >C=67>IJ:AH A6 G:A6I>DC 9: :>HI>FJ: 9TfKDAJI>DC 9J 9DJ7A:B:CI 9: H6 EfG>D9>8>If 6EE:Af: 86H869: HDJH =6GBDC>FJ: 6CH A: HNHIeB: 9: %DG:CO 9:H E=6H:H Gf<JA>eG:H 6AI:GC:CI 6K:8 9:H 9>K:GDC EGD767>A>HI:

%DGHFJ: A:H 6IIG68I:JGH H: 8DCH:GK:CI HDJH AT68I>DC 9TJC: E:I>I: E:GIJG76I>DC IG6?:8IDG>:AA: DC E6GA: 9: ;:CH fIJ9>f: E6G $DABDAIDC>:C A6 K6G>fIf 9:H IG6?:8ID>G:H W 9>[fDGBDGE=:H ` 9:H IDG:H W H: 9f;DGB: ` B:HJG: FJ: A6 E:GIJG76I>DC 8GDiI ?JHFJT` 9:HIGJ8I>DC 9: 8:H IDG:H %:H ;-+FJf :CIG: BDJK:B:CI Gf<JA>:G :I E:GIJG7f 96CH 9:H ODC:H FJ> HDCI >CI:GEGfIf:H 8DBB: 9:H GfDCH 9: =6JI: \ HID8=6HI>8>If ]

DBB: 9: I:AH E=fCDBeC:H DCI A>:J 6J KD>H>C6CIH =NE:G7DA>FJ:H DC E:JI 6JHH> H: EDH:G A6 FJ:HI>DC 9: H6KD>G H> AT6AI:GC6C8: DG9G: 9fHDG9G: CT6 A>:J FJT` EGDM>B>If 9TJC: H>C<JA6G>If J KD>H>C6C:H H>C<JA6 G>IfH A: =6H6G9 >BEDH:G6>I JC 86G68IeG: >C9fI:GB>C>HI: FJ> E6G SJ8IJ6I>DCH 6BEA>R:G6>I A: E=fCDBeC: IJG7JA:CI DJ E:GIJG76I:JG %:H 9: 9TJC: 8DCR<JG6I>DC E6G6B6FJ: ` JC DG9G: ;:GGDB6FJ: W

!6H6G9 :I 8DCI>C 9:H fKDAJI>DCH 9TJC DG9G: K:GH JC 6JIG: TDn AT>9f: FJT>A :M>HI: 96CH A6 C6IJG: JC: EAJG6A>If 9TDG9G:H :I FJ: A6 IG6CH>I>DC 9TJC DG9G: K:GH JC 6JIG: E:JI H: GfKfA:G gIG: JC: EGDEG>fIf HI6I>HI>FJ: 9TJC fI6I B>8GDH8D E>FJ: HDJH ?68:CI :II: =>fG6G8=>: 9:H DG9G:H C6IJG:AH :HI 8DCI:HIf: 6CH A6 E:GHE:8I>K: Dn ATDG9G: JAI>B: H:G6>I 8:AJ> FJ> DGH: A6 B6I>eG: H:ADC A6 : ATDG9G: HI6I>HI>FJ: I:C9G6>I ` 9>HE6G6iIG: %T1::L>-:;1*141I: AT>9f: 9TJC: >CI:GEGfI6I>DC EGD767>A>HI: 9: 8:GI6>CH E=fCDBeC:H C6IJG:AH %:H AD>H 9: A6 Bf86C>FJ: HDCI >CK6G>6CI:H E6G G:CK:G H:B:CI 9J I:BEH O O (G 8=68JC H6>I FJ: HT>A 86HH: JC K:GG: A: K:GG: C: EDJGG6 H: G:;DGB:G HEDCI6CfB:CI C Gf6A>If AT>CI:GEGfI6I>DC EGD767> A>HI: 6ZGB: FJ: A: K:GG: EDJGG6 H: G:8DCHI>IJ:G B6>H :C JC I:BEH FJ6H>B:CI >CRC> T:HI 6JHH> AT>CI:GEGfI6I>DC 9: A6 9fI:CI: 9: #DJA: H> 9:H E6GI>8JA:H 9: : 9GD>I: 9TJC: :C8:>CI: :I FJT:AA:H HDCI HEDCI6CfB:CI A>7fGf:H :AA:H D88JE:GDCI A6 IDI6A>If 9: AT:HE68: 9>HEDC>7A:

%6 EGD767>A>If EDJG FJT:AA:H H: G:IGDJK:CI 96CH A6 E6GI>: 9GD>I: 9: AT:C8:>CI: :C JC >CHI6CI 9DCCf E6G6iI =6JI:B:CI >BEGD767A: C Bf86C>FJ: HI6I>H I>FJ: A: CDB7G: 9: 8DCR<JG6I>DCH B>8GDH8DE>FJ:H 9TJC HNHIeB: 9f8G>I A6 9:CH>If 9: EGD767>A>If 9: 8: HNHIeB: 96CH AT:HE68: 9:H E=6H:H %: 9fHDG9G: :HI 86G68IfG>Hf E6G A: B6CFJ: 9T>C;DGB6I>DC DJ AT>C8:GI>IJ9: 9: Gf6A>H6I>DC 9TJC fI6I 9DCCf .C: 8DCR<JG6I>DC :HI BD>CH EGD767A: > : BD>CH 9fHDG 9DCCf: H> :AA: 6 BD>CH 9: 8=6C8: 9: H: Gf6A>H:G HEDCI6CfB:CI %T-6C8:GI>IJ9: B:HJG: A: 9:C;DGB6I>DC 6CH A6 9fI:CI: 9: #DJA: AT6JDC 9T:CIGDE>: :HI A>f: 6J ;6>I FJ: 8:II: 9fI:CI: C: E:JI E6H H: EGD9J>G: HEDCI6CfB:CI :C H:CH >CK:GH: %TfI6I 9T:CIGDE>: B6M>B6A: :HI ATfI6I A: EAJH 9fHDG9DCCf :I A: EAJH EGD767A: 8T:HI ATfI6I Dn IDJI:H A:H 8DBEA:M>DCH HDCI fFJ>EGD767A:H %: 9:JM>eB: EG>C8>E: 9: A6 I=:GBD9NC6B>FJ: fCDC8: FJ: EDJG JC HNHIeB: >HDAf :C7A: AT:CIGDE>: C: E:JI FJ: 8GDiIG: %6 B6M>B6A>If 9: AT:CIGDE>: 9fI:GB>C: A:H 8DC9>I>DCH 9TfFJ>A>7G: HI67A: B:HJG:H 9: >77H .C HNHIeB: HI67A: G:HI: 6J KD>H>C6BJB 9T:CIGDE>: !DGH fFJ>A>7G: A: I=fDGeB: ' 9: DAIOB6CC BDCIG: FJ: A:H HNHIeB:H fKDAJ:CI K:GH A:JGH fI6IH A:H EAJH EGD767A:H CRC A: =6H6G9 E:JI B6HFJ:G 9:H EGDEG>fIfH E=NH>FJ:H >BEDGI6CI:H FJ> H: Gf KeA:CI E6G A6 *:1;=:- ,- ;A5LI>DCH 9: E=6H:H 9: 8:GI6>CH HDA>9:H 6J 9:HHJH 9J ED>CI 9: JG>: AT6A>CH :HI 6Af6ID>G: >A CTN 6 E6H 9: B6H6I>DC %DGHFJ: A6 I:BEfG6IJG: 9f8GDiI A6 E=6H: E6G6B6FJ: 9:K>:CI :HH:CI>:AA: :AA: EGD9J>I JC: 9>G:8I>DC EG>K>Aff: 96CH A6FJ:AA: HTDG>:CI:CI A:H HE>CH C 9fK:ADEE6CI 6JM 76HH:H I:BEfG6 IJG:H A6 B6I>eG: CT6 EAJH IDJI:H A:H HNBfIG>:H 9J =6B>AIDC>:C 9TDG>C: DC 9>I FJ: A6 HNBfIG>: :HI 7G>Hf: A: B6HB: 6EE6G6iI %6 B6I>eG: HTDGH: :C 6HH>B>A6CI A: 9fHDG9G: :I H:H EGD9J8I>DCH 6Af6ID>G:H %6 Bf86C>FJ: H: 8DCHI>IJ: 6K:8 JC: 6Af6ID>G: FJ> A6 8DBEAeI: :GI6>CH N KD>I JC CDJK:6J E6G69B: JC: CDJK:AA: 9NC6B>FJ: ,:ADC DJGCDI A: =6H6G9 6EE6GI>:CI ` ATDG9G: 9:H 8=DH:H :I CDC ` ATDG9G: ADFJ: FJ> G:CKD>: ` \ A6 8DCHIGJ8I>DC 9:H EGDEDH>I>DCH 6JM ;DGB:H :I ` ATDG9G: 9J A6CIfH

!6H6G9 :I EGD767>A>IfH %: 8DC8:EI 9: EGD767>A>If G:EDH: HJG 9:JM >CI:GEGfI6I>DCH ;DC96B:CI6A:H ATJC: :C ;GfFJ:C8:H >CI:GEGfI6I>DC HI6I>HI>FJ: AT6JIG: :C 9:CI:GEGfI6I>DC fE>HIfB>FJ: H:ADC FJ: A: EGD767A: :HI >CI:GEGfIf ,- :- H: ADC A:H 8=DH:H 6HE:8I HI6I>HI>FJ: DJ ,- ,1+I>DCH 9:7>A>If %T>CI:GEGfI6I>DC fE>HIfB>FJ: 9:H EGD767>A>IfH H: ;DC9: HJG A: G6>HDCC:B:CI >C9J8I>; \ -DJH A:H 8DG7:6JM D7H:GKfH HDCI CD>GH 9DC8 IDJH A:H 8DG7:6JM HDCI CD>GH ] FJ> :CA>If ,:ADC %:>7C>O \ A6 EGD767>A>If :HI A: 9:7>A>If ] 0 %:>7C>O E-;A>If 9T68FJfG>G %6 8G6>CI: :HI A6 EGD767>A>If 9: E:G9G: ] \ %: EGD767A: :HI 8: FJ> :HI 67HDAJB:CI EAJH >CI:AA>7A: DJ 8: FJ> G:K>:CI 6J BgB: 8: FJ> :HI A: EAJH EDHH>7A: 9>I %:>7 C>O "A :C GfHJAI: FJ: A6 EGD767>A>If C: 9:B6C9: E6H H:JA:B:CI A6 ;68>A>If 9: 8D:M>HI:G 6K:8 A:H 6JIG:H 8=DH:H EGfH:CI:H T:HI EDJGFJD> DC CT6 EJ G>:C 9fRC>G HJG A6 EGD767>A>If 9: B6C>eG: A :HI 8A6>G FJ: A6 EGD76 7>A>If GfHJAI: 9TJC: 8DAA:8I>DC 9: 8>G8DCHI6C8:H ] 0 %:>7C>O 4-5-6If :HI JC: \ 6EEGDM>B6 I>DC 9: A6 8:GI>IJ9: ] )DJG G6C7A: G6C1:HI>C<J: \ ;68>A>If ] :I \ BDI>; 9: 8GD>G: ] DJGCDI \ 8=6C8: ] :I \ EGD 767>A>If ] +JHH:AA \ EGD767>A>If ] :I \ 8Gf9>7>A>If ] :I 6GC6E 9>HI>C<J: 9:JM INE:H 9: EGD767>A>IfH A6 EGD767>A>If DJ EGD767>A>If >C9J8I>K: :I A6 EGD767>A>If DJ EGD767>A>If HI6I>HI>FJ: 6CH 8:H 9:JM CI:GEGfI6I>DC 9: A6 EGD767>A>If DC 9>HI>C<J: FJ6IG: 8A6HH:H GfE:GIDG>6CI A:H I=fDG>:H EGD767>A>HI:H %:H I=fDG>:H HJ7?:8I>K:H 76NfH>:CC:H DJ E:G HDCC6A>HI:H 9: >C:II> ) +6BH:N # % ,6K6A>If 9TJC fKfC:B:CI :HI HDC 9:I ` A6 B:HJG: 9:H G>HFJ:H %:H I=fDG>:H ADFJ:H + 6GC6E '6A>If 9: AT=NEDI=eH: ' 8DCC6>HH6CI ATfK>9:C8: $ :HI A: 9:BEA>FJ: DJ HJEEDGI: ' %:H I=fDG>:H ;GfFJ:CI>HI:H DJ D7?:8I>K>HI:H /DC &>H:H +:>8=:C768= %6 EGD767>A>If :HI A6 ;GfFJ:C8: G:A6I>K: 9: Gf6 A>H6I>DC 9TJC fKfC:B:CI ADGHFJ: AT:MEfG>:C8: :HI >C9fRC>B:CI GfEfIf: %: =6H6G9 :HI 86G68IfG>Hf E6G JC: Gf<JA6G>If >HHJ: 9TJC DCH :H I=fDG>:H H: ;DC9:CI HJG A:H I=fDGeB:H A>B>I:H :I A:H AD>H 9:H :H EDEEfG>:CC:H )DEE:G 6EE:AA: 8:78-6;176 JC: 8DC8:EI>DC D7?:8I>K: 9:H EGD767>A>IfH %6 EGD767>A>If 9TJC fKfC:B:CI $ :C EGfH:C8: 9TJC 9>HEDH>I>; , :HI A6 8:78-6;176 9: , ` EGD9J>G: $ 6CH 8:II: 8A6HH>R86I>DC A:H 6HH>DCH 9: EGD767>A>IfH 9f8G>K:CI 8: FJT:HI A: BDC9: >CI:GEGfI6I>DC HI6I>HI>FJ: DJ 8: FJ: CDJH 8GDNDCH FJ: A: BDC9: :HI >CI:GEGfI6I>DC fE>HIfB>FJ: 6CH A6 I=fDG>: 9: DJGCDI AT>CI:GEGfI6I>DC HJ7?:8I>K: HTDEEDH: ` AT>CI:GEGfI6I>DC D7?:8I>K: %6 I=fDG>: 9:H 8=6C8:H :I 9:H EGD767>A>IfH HT6EEA>FJ: ` 9:JM 9DB6>C:H \ ` 9:H FJ:HI>DCH 9: 87;;1*1 41 DCI JC: :M>HI:C8: D7?:8I>K: ] :I \ ` 9:H FJ:HI>DCH 9: 8:7*)*141

!6H6G9 :I 8DCI>CK:H :C E6GI>: ` CDH 8DCC6>HH6C8:H :C E6GI>: ` CDIG: >8> A6 9fRC>I>DC 9: %6EA68: FJ> BDCIG: FJTJC: 9f RC>I>DC D7?:8I>K: 9: A6 EGD767>A>If :HI >BEDHH>7A: \ %: I:GB: 9: EGD767>A>If >BEA>FJ: 96CH H:H 688:EI>DCH DG9>C6>G:H JC H:CH ;=*2-+7>A>If FJ> :M8AJI A: 9DJI: \ & %D8@: 9>K>H: IDJH A:H 6G<JB:CIH :C 9fBDCHIG6I>;H :I :C EGD767A:H ,> CDJH 69B:IIDCH 8:II: B6C>eG: 9: KD>G CDJH 9:KDCH 9>G: FJT>A :HI H:JA:B:CI EGD767A: FJ: IDJH A:H =DBB:H 9D>K:CI BDJG>G DJ FJ: A: HDA:>A H: AeK:G6 9:B6>C &6>H EDJG B>:JM 688DG9:G CDIG: A6CAH C: A6>HH:CI 6J8JC: EA68: 6J 9DJI: DJ ` ATDEEDH>I>DC ]

!JB: 69=MIfH \ ,> K Gf HJAI: 9: L A6 EGDEDH>I>DC U L V 9DCC: ` A6 EGDEDH>I>DC U K V A6 EGD767>A>If

%6 8:GI>IJ9: :HI JC 86H A>B>I: 9: A6 EGD767>A>If ]

\ .C: EGDED H>I>DC CT:HI :C HD> C> EGD767A: C> >BEGD767A: .C fKfC:B:CI >CI:GK>:CI DJ CT>CI:GK>:CI E6H "A CTN 6 E6H 9: BDN:C I:GB: ]

\ %TJC>If 9: A6 EGD EDH>I>DC 9: EGD767>A>If :HI FJ: A:H 8>G8DCHI6C8:H X FJ: ?: C: 8DCC6>H E6H 96K6CI6Cf I:A DJ I:A 9: A>If ]

\ >CH> A6 EGD767>A>If :HI JC: H6I>DC

AA: >BEA>FJ: A6 9:H8G>EI>DC I>DC ,:JA A: B6CFJ: 9: 8:GI>IJ9: CDJH ;6>I G:8DJG>G ` A6 EGD767>A>If X %DGHFJ: CDJH C: 8DCC6>HHDCH E6H :CI>eG:B:CI JC ;6>I CDJH H6KDCH 7>:C 9=-49=- +07;- FJ6CI ` H6 ;DGB: .C: EGDEDH>I>DC E:JI H6CH 9DJI: gIG: JC: >B6C8DBEAeI: 9TJC 8:GI6>C fI6I 9: 8=DH:H B6>H :AA: :HI IDJ?DJGH =6- >B6I>DC 9: EGD767>A>If :HI EDJG 6>CH> 9>G: JC: :MIG68I>DC 9T6JIG:H EGD EDH>I>DCH ]

6CH A:H -5):9=-; 80147;78019=-; >A EGf8>H: \ %6 I=fDG>: 9: A6 EGD767>A>If CT6 6[6>G: 6K:8 ATfI6I 9T6II:CI: FJ: 96CH A6 B: HJG: Dn 9>HDCH A6 ADFJ: 6 6[6>G: 6K:8 A6 E:CHf: %6 EGD767>A>If 6 EAJIlI ` KD>G 6K:8 A6 ;DGB: :I 6K:8 JC INE: 9: AT6II:CI: "A HT6I 9: AT6II:CI: FJ: CDIG: :MEfG>:C8: JAIfG>:JG: 8DGG:HEDC9G6 ` JC: AD> ` A6FJ:AA: ?JHFJT6ADGH AT:MEfG>:C8: 6 8DGG:HEDC9J ] % 0>IIC -5):9=-; 80147;78019=-; E

&D9fA>H6I>DCH 9J =6H6G9 !6H6G9 :I 6Af6ID>G: G:8DJKG:CI A6 BgB: CDI>DC :I DCI 9T6>AA:JGH A6 BgB: fINBDAD: !6H6G9 9fG>K: 9TJC BDI 6G67: )4B0): FJ> H>R: ,L 8DBB: A: A6I>C )4-) 2=,-:- H>R: 27=-: )=@ ,L; (C H6>I FJ: A:H EG:B>:GH EGD7AeB:H EGD767>A>HI:H DCI fIf 9:H EGD7AeB:H 9: ?:J 9: =6H6G9 #fGlB: 6G96C

96CH A: 1*-: ,- 4=,7 )4-) FJT>A EJ7A>: ` %NDC :C 9DCC: 9:H G:8:II:H 9: ?:JM :I 9:H EGf86JI>DCH ` EG:C9G: EDJG fK>I:G A:H IG>8=:G>:H G6

&D9fA>H6I>DCH 9J =6H6G9

%J86 )688>DA> 96CH A6 !=55) ,- ):1H :I 6A>A:D 6A>A:> 96CH A:H 76;1,L:)f :C 8=:G8=: A:H HDAJI>DCH 6J EGD7AeB: 9J G6C9 J8 9: -DH86C: :I BDCIG: FJT6K:8 IGD>H 9fH DC D7I>:CI EAJH HDJK:CI A: 8=>[G: FJ: A: 8=>[G: 86G >A N 6 B6C>eG:H 9TD7I:C>G 8DCIG: 9TD7I:C>G JC IDI6A 9: ED>CIH W DC D7I>:C9G6>I H> A:H 9fH HDCI >C9>H I>C<J67A:H :I H> A:H 9fH HDCI 9>HI>C<J67A:H 6CH A: EGD7AeB: 9:H E6GI>H fIJ9>f E6G )688>DA> 9:JM ?DJ:JGH HT6[GDCI:CI 96CH JC: E6GI>: 9: E>A: DJ ;68: %: ?DJ:JG IDI6A>H: - ED>CIH 9: EAJH FJ: AT6JIG:

&6>H H> JC ?DJ:JG HT6GGgI: :I HT>A 6 :C8DG: 7:HD>C 9: G: 6 7:HD>C 9: DC :HI 9: H6KD>G 8DBB:CI GfE6GI>G A6 B>H: fFJ>I67A:B:CI :CIG: A:H ?DJ:JGH : EGD7AeB: FJ> 6 fIf HJ:G 9: &fGf >C6J<JG: A:H EGfB>HH:H 9J 86A8JA 9:H EGD767>A>IfH FJ> C6iI 9: A6 8DGG:HEDC96C8: 9: )6H86A :I 9: )>:GG: :GB6I

%T6G<JB:CI 9J E6G> 9: )6H86A :HI JC: 6EEA>86I>DC 9:H 8DC8:EIH EGD767> A>HI:H C6>HH6CIH 96CH JC ?:J ` 9:JM >HHJ:H >:J :M>HI: DJ >:J CT:M>HI: E6H BgB: H> A6 EGD767>A>If 9: HI: :HI :MIGgB:B:CI ;6>7A: 8DBB: A: C 6HHD8>f :HI >CRC> AT=DBB: 9D>I Cf8:HH6>G:B:CI E6G>:G 86G HDC :HEfG6C8: 9: C > : AT:HEfG6C8: B6I=fB6I>FJ: :HI >CRC>: 6CH A: :)HDCC:B:CI 96CH A: ?:J 9: =6 H6G9 EJ7A>f :C =G>HI>6C !JNI A:H EGD7AeB:H EDHfH E6G :GB6I :I )6H86A >CIGD9J>I A6 CDI>DC 9T:HEfG6C8: -@8-+DCH EGD767>A>HI:H ` 9:H EGD7AeB:H 9T6HHJG6C8: 96CH JC: 8DAA67DG6I>DC 6K:8 #6C 9: 0>II %: ;G6Cd6>H )>:GG: +6N BDC9 9: &DCIBDGI Gf9>f =J>I 6CH 6EGeH H6 BDGI E6G HDC C:K:J '>8DA6H ATDJ KG6 :; +762-+eG: 9fBDCHIG6I>DC 9: A6 \ AD> ;6>7A: 9:H JC: HJ>I: 9: K6G>67A:H 6Af6ID>G:H >C9fE:C96CI:H 7 7F EG:C9 6K:8 EGD76 7>A>If K A6 K6A:JG :I 6K:8 EGD767>A>If K A6 K6A:JG 6ADGH #68FJ:H :GCDJAA> BDCIG: 6K:8 A: KD867JA6>G: 9: HDC fEDFJ: FJ: H> 2F 9fH>67A:H 6Af6ID>G:H 6ADGH A6 EGD767>A>If K I:C9 K:GH FJ6C9 I I:C9 K:GH AT>CRC> 6CH A6 7+H: A6 K>I:HH: 9: 8DCK:GDC 9J I=fDGeB: 9: A6 A>B>I: 8:C IG6A: CDB 9DCCf E6G )kAN6 *J:AFJ:H 6CCf:H EAJH I6G9 G>:9G>8= 6JHH 9fBDCIG: FJ: A6 AD> CDGB6A: :HI A>B>I: 9: A6 AD> 9: EGD767>A>If 9: A6 HDBB: 9T:GG:JGH 6Af6ID>G:H >C9fE:C96CI:H 9: ;6>7A: 6BEA>IJ9: "0-7 :1) +75*16)): 9: A6 8DB7>C6>HDC 9T:GG:JGH 9: ;6>7A: 6BEA>IJ9: 6CH H6 "0L7:1- )6) 4ABDC 9: %6EA68: 9DCC: A6 ;DGBJA:

!6H6G9 :I 8DCI>CGA>CCIGD9J>I A6 IG6CH;DGBf: 9: %6EA68: :I 9fBDCIG: A: I=fDGeB: 9: :GCDJAA> "A 9fK:ADEE: A6 BfI=D9: 9J B6M>BJB 9: KG6>HH:B7A6C8: 9T6EGeH 9:H GfHJAI6IH 9: 6C>:A :GCDJAA> :I GfHDJI A: EGD7AeB: 9: AT6><J>AA: 9: J; ;DC FJT>A H: ` 9:JM :CH:B7A:H 9: A>8JA6>G:H 9>HI6CI:H 9: < :I = "A 9DCC: 6ADGH A6 EGD767>A>If K FJTJC: 6><J>AA: 9: ADC<J:JG G G < :I G = 8GD>H: :C IDB76CI 6Af6ID>G:B:CI HJG A: FJ69G>AA6:C6NBf 9DCC: A6 8fAe7G: >CfIf 9: >:C6NBf -8=:7N8=:K FJ> E:GB:IIG6 ` )6;CDJI> -8=:7N8=:K 9: 9DCC:G JC: CDJK:AA: 9fBDCHIG6I>DC 9: A6 AD> 9:H :K>I8= &6G@DK 9fK:ADEE: A6 I=fDG>: 9:H 8=6iC:H :I 9:H EGD8:HHJH 9: &6G@DK 6CH A: 9DB6>C: HI6I>HI>FJ: G6C8>H 6AIDC

DJKG: :C A: EG:B>:G A67DG6ID>G: 9: >DBfIG>: 9: ATJC>K:GH>If 9: %DC9G:H $6GA ):6GHDC ':NB6C 06A9 ,IJ9:CI >H8=:G :I 9T6JIG:H 9fK:ADEE:CI A:H EG:B>eG:H 6EEA>86I>DCH HI6I>HI>FJ:H %6 CDI>DC 9T:CIGDE>: >CIGD9J>I: E6G A6JH>JH A6 9>HIG>7JI>DC 9: &6ML:AA A: IG6>I:B:CI HID8=6HI>FJ: 9: A6 E=NH>FJ: 9:H 77H ;DC9:CI A6 E=NH>FJ: HI6I>HI>FJ: BD 9:GC:

%T6M>DB6I>H6I>DC 9: $DABD@D9NB EGf8>H: A:H 8DC9>I>DCH 96CH A:HFJ:AA:H JC: EGD767>A>If 69B:I JC: 9:CH>If :I 9DCC: JC: 8DCHIGJ8I>DC 9: AT:HEfG6C8: 8DC9>I>DCC:AA: %6 8DCK:GCf: E6G DD7 ` E6GI>G 9: !:CI A6 8DCK:G A>If )6JA %fKN >CIGD9J>I A6 CDI>DC 9: ;DC8I>DC 86G68IfG>HI>FJ: fIJ9>: A:H AD>H HI67A:H :I >C9fRC>B:CI 9>K>H>7A:H : >C:II> 9fK:ADEE: A6 CD I>DC 9Tf8=6CA>If 9: K6G>67A:H 6Af6ID>G:H A:M6C9G: $=>CI8=>C:

>CIGD9J>I A:H EGD7AeB:H 9: 6I>DCH %6 CDI>DC 9: EGD8:HHJH HID8=6HI>FJ: H: EGf8>H: 96CH A:H 6CCf:H %:H B6G8=:H 6Af6ID>G:H HDCI fIJ9>f:H E6G C9:GHDC ,E>IO:G :I 0>AA>6B :AA:G NC@>C 9fK:ADEE: A6 I=fD G>: 9:H EGD8:HHJH B6G@DK>:CH $DABDA>If 9: IG6CH>I>DC 9TJC EGD8:HHJH B6G@DK>:C D7f>I ` JC: fFJ6I>DC 9>[fG:CI>:AA: E6 G67DA>FJ: /:GH >CHI:>C fIJ9>: A: BDJK:B:CI 7GDLC>:C 9f8G>I EDJG A6 EG:B>eG: ;D>H E6G A: 7DI6C>HI: +D7:GI GDLC :C 'DG7:GI 0>:C:G 8DCHIGJ>I JC BD9eA: B6I=fB6I>FJ: 9J BDJK:B:CI 7GDLC>:C )6A:N :I 3NG:H 9J BDJK:B:CI 7GDLC>:C HDCI CDC 9>[fG:CI>67A:H :C IDJH ED>CIH %>C97:G< :I :A A:G 6[6>7A>HH:CI A:H =NEDI=eH:H 9J I=fDGeB: 9: A>B>I: 8:CIG6A: %6 K>I:HH: 9: 8DCK:GI: 9: K6G>67A:H 6Af6ID>G:H >C9fE:C96CI:H :I >9:CI>FJ:B:CI 9>HIG>7Jf:H H: ? EGf8>H: ` IG6K:GH A:H AD>H 9J ADI=B: >IfGf %6 K>I:HH: :HI 9: ATDG9G: 9: -0) -0) II : GfHJAI6I 6 fIf 9fBDCIGf :C E6G $=>CI8=>C: EDJG JC: 9>HIG>7JI>DC 9: :GCDJAA> :I Hf E6G !6GIB6C :I 0>CIC:G :C C ,IG6HH:C 9DCC: 9: A6 AD> 9J ADI=B: >IfGf JC: 9fBDCHIG6I>DC DGC6A: ;6>H6CI >C I:GK:C>G A:H EGD8:HHJH 9: 0>:C:G A>K:C@D :I 6CI:AA> G:CDJK:AA:CI A6 AD> 9:H DC EGD767>A>HI: 9J I=fDGeB: 9: 0:>:GHIG6HH HJG AT6EEGDM>B6I>DC JC>;DGB: 9:H ;DC8I>DCH 8DCI>CJ:H E6G 9:H EDANClB:H $6@JI6C> JI>A>H: A:H EGD767>A>IfH EDJG fIJ9>:G A: EGD7AeB: 9: >G>8=A:I %:H A>:CH :CIG: EGD767>A>IfH :I 6C6ANH: H: EGf8>H:CI 6J 8DJGH 9J 66: H>e8A: %:H ;DC8I>DCH =6GBDC>FJ:H :I A6 I=fDG>: 9J EDI:CI>:A HDCI fIJ9>f:H ` E6GI>G 9J BDJK:B:CI 7GDLC>:C %6 I=fDG>: :GFJ: H: HIGJ8IJG: 6JIDJG 9J I=fDGeB: 9: >G@=D[ 26 ,>C6j fIJ9>: AT:G8>If 9:H 7>AA6G9H _B>A: DG:A ) G9mH ! !6G9N & $68 , +6 B6CJ?6C :I ) -JG6C 9fK:ADEE:CI A:H 6HE:8IH 6G>I=BfI>FJ:H %T16[J H>DCH 8DBB: A: EGD8:HHJH 9T(GCHI:>C .=A:C7:8@ DCI 8DCIG>7Jf ` ATfIJ9: 9:H fFJ6I>DCH 9>[fG:CI>:AA:H HID8=6HI>FJ:H %: 86A8JA HID8=6HI>FJ: HT:HI :CG> 8=> 9: HIGJ8IJG:H FJ:H 86A8JA HJG 9:H K6G>fIfH ;DGB:H 9>[fG:CI>:AA:H HID8=6HI>FJ:H +f8:BB:CI A:H EGD767>A>IfH H: HDCI G6EEGD8=f:H 9: AT6C6 ANH: B6I=fB6I>FJ: 86A8JA 9: &6AA>6K>C %:H 5L:G A:H fFJ6I>DCH 6JM 9fG>Kf:H E6GI>:AA:H E6G 9:H BD9eA:H EGD 767>A>HI:H )6GB> A:H 6EEA>86I>DCH 9: E=NH>FJ: B6I=fB6I>FJ: A6 I=fDG>: 9:H 8:7*)*141: 9:H EGD767>A>IfH 6J 86H Dn A:H K6G>67A:H 6Af6ID>G:H C: 8DBBJI:CI E6H AA: HT:HI 9fK:ADEEf: 96CH A:H 6CCf:H HDJH AT>CSJ:C8: 9:H G:8=:G8=:H HJG A:H ;DC9:B:CIH 9: A6 Bf86C>FJ: FJ6CI>FJ: 6A<e7G:H 9: KDC ':JB6CC .C :HE68: 6AFJ: 9: EGD767>A>If :HI JC 8DJEA: % Dn % :HI JC: 6A<e7G: :I JC fI6I 9: % (C 9>I FJ: % :HI 8A6HH>FJ: H> % :HI JC: 6A<e7G: 8DBBJI6I>K: :I FJ6CI>FJ: H> % :HI CDC 8DBBJI6I>K: ,> % :HI AT:CH:B7A: 9:H DEfG6I:JGH 7DGCfH 9TJC :HE68: 9: !>A7:GI IDJH A:H fI6IH HTf8G>K:CI ; 9: IG68: 6EE:Af DEfG6I:JG 9:CH>If %: HB:H 9: % 9fI:GB>C: A:H EGDEG>fIfH EGD767>A>HI:H :C E6GI> 8JA>:G AT:M>HI:C8: 9T:HEfG6C8:H 8DC9>I>DCC:AA:H ,E:>8=:G ,8=pGB6CC -< )4 DCI BDCIGf FJT>A CTN 6 FJ: IGD>H CDI>DCH 9T>C9fE:C96C8: HID8=6HI>FJ: 96CH A: 869G: CDC 8DBBJI6I>; A: 86H I:CHDG>:A !J9HDC A: 7DDAf:C 0 KDC 06A9:C;:AH :I A: 86H A>7G: /D>8JA:H8J 6CH A: 86H A>7G: /D>8JA:H8J 6 BDCIGf FJ: A:H GfHJAI6IH 9>[eG:CI 9J 86H 8DBBJI6I>; :C E6GI>8JA>:G 96CH A: I=fDGeB: 9: A6 A>B>I: 8:CIG6A: A6 8DCK:G:J CDC EAJH K:GH A6 AD> :CC: B6>H K:GH A6 AD> H:B> 8>G8JA6>G: %T:CH:B7A: 9:H GfHJAI6IH CDC 8DBBJI6I>;H 6 fIf JI>A>Hf EDJG fIJ9>:G A:H B6IG>8:H 6Af6ID>G:H 8T:HI ` 9>G: 9:H B6IG>8:H 9DCI A:H fAfB:CIH HDCI 9:H K6G>67A:H 6Af6ID>G:H >C9fE:C96CI:H :I 9: BgB: AD> %: EGD7AeB: :HI 6ADGH 9: 9fI:GB>C:G ADGHFJ: A6 B6IG>8: :HI 9>6H67A: A6 AD> 9: EGD767>A>If 9: A6 9>HIG>7JI>DC 9:H K6A:JGH EGDEG:H

DCI>C7A:H .C fKfC:B:CI :HI 8DCI>CA E:JI H: EGD9J>G: DJ C: E6H H: EGD9J>G:

%6 8DCI>C9:C8: EAJH FJ: A: =6H6G9 AT>BEA>86I>DC 9:H 68I:H 9: A>7:GIf :I HTDEEDH: ` A6 Cf8:HH>If G>HIDI: 96CH A: - 16 A:H fKfC:B:CIH 8DCI>CH HT>A fI6>I IDJ?DJGH KG6> 9: 9>G: FJTJC: 8=DH: :HI DJ H:G6 >A CT:HI E6H EDHH>7A: FJT:AA: C: HD>I E6H DJ FJT:AA: C: H:G6 E6H DG 8: FJ> C: E:JI E6H C: E6H H: EGD9J>G: :HI 96CH AT>BEDHH> 7>A>If 9: C: E6H 6GG>K:G :I 8: FJ> :HI 96CH AT>BEDHH>7>A>If 9: C: E6H 6GG>K:G 6GG>K: Cf8:HH6>G:B:CI "A :C GfHJAI: 6>CH> FJ: IDJH A:H ;JIJGH H: EGD9J>H:CI

DCI>C7A:H

Cf8:HH6>G:B:CI )6G HJ>I: G>:C CT6GG>K: 9TJC: B6C>eG: >C9fI:GB>Cf: DJ E6G AT:[:I 9J =6H6G9 86G A` Dn >A N 6 =6H6G9 >A CTN 6 E6H Cf8:HH>If ] G>H IDI: - 16HI: :HI A: ;GJ>I 9J =6H6G9 :I 9: A6 Cf8:HH>If ] 6IIG>7Jf ` IDGI ` fBD8G>I: (C 8>I: EAJH KDADCI>:GH A6 E=G6H: 9: %:J8>EE: \ +>:C 96CH A6 C6IJG: C: K>:CI E6G HD> BgB: B6>H IDJI :HI A: ;GJ>I 9TJC: AD> :I 9: A6 Cf8:HH>If ] 6CH A: 9:JM>eB: A>KG: 9: A6 0A;19=- G>HIDI: 8A6HH: A:H fKf C:B:CIH 8DCI>CHDCH CDJH DJ 7>:C :M>HI: IDJ?DJGH :I Cf8:HH6>G:B:CI DJ 7>:C :HI 8: FJ> 6GG>K: A: EAJH HDJK:CI DJ 7>:C CT:HI C> 8: FJ> 6GG>K: A: EAJH HDJK:CI C> 8: FJ> :HI IDJ?DJGH :I Cf8:HH6>G:B:CI B6>H :HI 8: FJ> 6GG>K: CT>BEDGI: 8DBB:CI *J: E6G :M:BEA: >A EJ>HH: ;6>G: ;GD>9 E:C96CI A6 86C>8JA: 8T:HI 8: FJ> 6GG>K: C> IDJ?DJGH C> Cf8:HH6> G:B:CI C> A: EAJH HDJK:CI 8T:HI 8: FJ> E:JI 6GG>K:G H:JA:B:CI FJ:AFJ:;D>H

%T688>9:CI :HI 9DC8 8: FJ> 6GG>K: B6>H C> IDJ?DJGH :I Cf8:HH6>G:B:CI C> A: EAJH HDJK:CI ] 0A;1+) 7 ,:ADC FJ: AT688>9:CI:A :HI >CIGD9J>I E6G AT=DBB: E6G >:J DJ E6G A6 C6IJG: DC 9>HI>C<J: FJ6IG: 8DC8:EI>DCH

%6 C6IJG: :HI HDJB>H: ` 9:H AD>H 9fI:GB>C>HI:H %T688>9:CI:A CT:M>HI: E6H

%:H BD9eA:H EGD767>A>HI:H 9f8G>K6CI ATfI6I 68IJ:A HDCI 8DC96BCfH ` 9>HE6 G6iIG: T:HI A: 9fI:GB>C>HB: E=NH>FJ: fE>HIfB>FJ: DJ A6EA68>:C %T68 8>9:CI:A :HI >CIGD9J>I E6G AT=DBB: :I CT:M>HI: E6H ;DC96B:CI6A:B:CI 96CH A6 C6IJG: %6 C6IJG: :HI 9fI:GB>C>HI: B6>H JC: E6GI>: 9: A6 8DCC6>HH6C8: CT:HI E6H 688:HH>7A: %TDG9G: HI6I>HI>FJ: 8DBE:CH: A6 9:H8G>EI>DC :M68I: 9J BDC9: E=NH>FJ: %T688>9:CI:A :M>HI: ;DC96B:CI6A:B:CI 96CH A6 C6IJG:

%:H E=fCDBeC:H 6Af6ID>G:H ?JHI>R:CI ATfI6I 9J BDC9: 6EE6G>I>DC 9: A6 K>: ` E6GI>G 9TJC: HDJE: EGf7>DI>FJ: fA>B>C6I>DC 9: AT6CI> B6I>eG: %T>C8:GI>IJ9: 9: CDH 8DCC6>HH6C8:H GfHJAI: 9:H >CI:G68I>DCH :CIG: AT:MEfG>:C8: :I ATD7?:I

%:H 9:H8G>EI>DCH E=NH>FJ:H HDCI EGD767>A>HI:H %:H G:A6I>DCH 9T!:>H:C7:G< HIGJ8IJG:CI AT:HE68: 9:H E=6H:H %T688>9:CI:A CT6 E6H 9T:M>HI:C8: :C HD> >A :HI A6 B6>C 9J 9fB>JG:C DC C>: A6 A>7:GIf =JB6>C: :I AT>9f: 9: 8DCI>CAAJH>DC DJ 7>:C AT=DBB: 6ZGB: H6 A>7:GIf :I AT>9f: 9: 8DCI>C8JA: :CIG: A6 IDJI: EJ>HH6C8: 9: >:J :I A: A>7G: 6G7>IG: 9: AT=DBB: J?DJG9T=J> ATJI>A>H6I>DC 9:H I:8=C>FJ:H EGD767>A>HI:H EDJG GfHDJ9G: 9:H FJ:HI>DCH G:A:K6CI 9J 9DB6>C: 9fI:GB>C>HI: CDJH >C8>I: ` E:CH:G FJ: A6 FJ:HI>DC 9J EGD767A: HT:HI 8DCH>9fG67A:B:CI 9fEA68f: FJ: A:H EGD767>A>IfH HDCI E6HHf:H >CH:CH>7A:B:CI 9J 86A8JA 9:H AD>H 9J =6H6G9 ` JC: BD9fA>H6I>DC HID8=6HI>FJ: 9:H E=fCDBeC:H FJ> DJ7A>: A: EGD767A: 6J EGDRI 9J EDHH>7A: G:CDJ6CI 6>CH> 6K:8 A6 9fRC>I>DC B6I=fB6I>FJ: EG:B>eG: 9: A6 EGD767>A>If 8DBB: B:HJG: EDH>I>K: 9: B6HH: JC>I6>G: FJ> ?JHI>R: EA:> C:B:CI A6 I=eH: H:ADC A6FJ:AA: A6 EGD767>A>If :HI A6 B:HJG: 9J EDHH>7A:

/6G>67A:H 6Af6ID>G:H

6CH 8: 8=6E>IG: DC EGfH:CI: A:H 8DC8:EIH fAfB:CI6>G:H 9:H EGD767>A> IfH 8:CIGfH HJG A6 CDI>DC 9: K6G>67A: 6Af6ID>G: :I DC 9DCC: 9:H CDB7G:JM :M:BEA:H 9: AD>H %6 CDI>DC 9T:HEfG6C8: 8DC9>I>DCC:AA: I:GB>C: 8: 8=6E>IG:

)GD767>A>IfH .C -;8)+- 8:7*)*141;)*4- :HI JC 8DJEA: % Dn :HI JC :CH:B7A: % JC: IG>7J 9: E6GI>:H 9: 6EE:Af: L6-5-6G: JC: 8A6HH: 9: E6GI>:H 9: 8DCI:C6CI :I AT:CH:B7A: K>9: HI67A: EDJG A:H DEfG6I>DCH 9: 8DBEAfB:CI6I>DC 9T>CI:GH:8I>DC :I 9: GfJC>DC 9fCDB7G67A:H

.C: ;6B>AA: % 9: E6GI>:H 9: :HI JC: % % ; % 1 F % F % F

(C 9fRC>I A6 I: IG>7J 8DCI:C6CI IDJH A:H :CH:B7A:H # R6CI

)GD767>A>IfH

! % :I

,> A:H

F

8 ! # 6ADGH 7 ! ! 1 . HDCI 9>H?D>CIH F F F

F

%6 CDI>DC 9: K6G>67A: 6Af6ID>G: :HI 9fRC>: E6G A6 B:HJG67>A>If 9TJC: 6E EA>86I>DC %6 K6G>67A: :HI Gf:AA: ADGHFJT:AA: EG:C9 H:H K6A:JGH 96CH BJC> 9: H6 IG>7J 7DGfA>:CC: AA: :HI 9>H8GeI: ADGHFJT:AA: EG:C9 H:H K6A:JGH 96CH JC :HE68: 9>H8G:I (C 6EE:AA: >):1)*4- )4L): HJG % ` K6A:JGH 96CH $ & IDJI: 6EEA>86I>DC B:HJG67A: 7 9: % HJG $ & 8T:HI ` 9>G: KfG>R6CI !! & 7 ! % %6 8A6HH: 9:H fKfC:B:CIH 7 ! :HI CDIf: 7 :I 6EE:Af: 7J 9:H fKfC:B:CIH A>fH ` A6 K6G>67A: 6Af6ID>G: 7 )DJG H>BEA>R:G ATf8G>IJG: DC CDI: 7 ! B6 S :I H>CDC

%: GfHJAI6I HJ>K6CI 6JIDG>H: A: 86A8JA 9:H EGD767>A>IfH C :[:I >A IG6CH ;DGB: A:H EGD7AeB:H EGD767>A>HI:H EDGI6CI HJG 9:H fKfC:B:CIH :C EGD7AeB:H fFJ>K6A:CIH IG6CHEDGIfH HJG A: 8DGEH 9:H Gf:AH ,D>I 7 JC: K6G>67A: 6Af6ID>G: 9: % HJG $ & 5 )DJG IDJI: ;DC8I>DC C B:HJG67A: EDH>I>K: G:HE

7DGCf: ` K6A:JGH 96CH & 5 5 C7 ? CS ? 5 S

%DGHFJ: A6 B:HJG: 5 69B:I JC: 9:CH>If A E6G G6EEDGI ` A6 B:HJG: 9: %:7:H<J: DC 9>I FJ: 7 6 EDJG 9:CH>If 9: EGD767>A>If A :I DC CDI: 7 A

,D>I 7 7 7 7F JC: K6G>67A: 6Af6ID>G: 9: F 9: 9:CH>If A S S F :I M JC :CI>:G 8DBEG>H :CIG: :I I %6 K6G>67A: 6Af6ID>G: 8 7 7 7J 69B:I EDJG 9:CH>If 5 A S SJ A S S SJ SJ SF ?SJ ?SF %(

%6 AD> 9: A6 K6G>67A: 8 7 7 7J :HI 6EE:Af: 471 5):/16)4-


%T-;8L:)6+- B6I=fB6I>FJ: 9: A6 K6G>67A: 6Af6ID>G: 7 9fRC>: HJG AT:HE68: % :HI A6 K6A:JG BDN:CC: 9fRC>: E6G 5 5 7 ? S ? 5 S 7

%DGHFJ: A6 K6G>67A: 7 6 EDJG 9:CH>If A S AT:HEfG6C8: HTf8G>I H>BEA:B:CI 5 S A S?S 7

%DGHFJ: 7 :HI JC: K6G>67A: 9>H8GeI: ` K6A:JGH 96CH <S S SF = AT:HEf G6C8: 9:K>:CI JC: HDBB: 9>H8GeI: 7

F 3

SA 7 SA

A

%6 >):1)6+- 9TJC: K6G>67A: 6Af6ID>G: B:HJG: ATfE6GE>AA:B:CI 9: A6 AD> 6J IDJG 9: H6 K6A:JG BDN:CC: 7 AA: :HI fI>DC A6 K6G>6C8: 9: A6 K6G>67A: 6Af6ID>G: 7 :HI A6 FJ6CI>If 5 <M7 7 7 7 7 8: FJ> HTf8G>I HDJH ;DGB: >CIf67A: 9>H8GeI: ` K6A:JGH 96CH <S S SF = A6 K6 G>6C8: 9:K>:CI A6 HDBB: 9>H8GeI: 5 <M7

F 3

SA 7 7 SA

A

(C 6EE:AA: .76+DC 9fRC>: 9: 96CH " # E6G 5 % O 7 O

L

? 5 S

%DGHFJ: 7 69B:I EDJG 9:CH>If A S A6 ;DC8I>DC 9: GfE6GI>I>DC HTf8G>I 5 % O

L

A S?S

&DB:CIH :I >CfIfH

,> 7 :HI JC: K6G>67A: 6Af6ID>G: 9>H8GeI: ` K6A:JGH 96CH <S S SF = % O

3

7 SA

P L

%6 ;DC8I>DC 9: GfE6GI>I>DC :HI JC: ;DC8I>DC 8GD>HH6CI: 8DCI>CJ: ` 9GD>I: FJ> 69B:I EDJG A>B>I: ADGHFJ: O I:C9 K:GH :I ADGHFJ: O I:C9 K:GH C JC ED>CI 9: 9>H8DCI>CJ>If DC 9: GfE6GI>I>DC :AA:H HDCI f JC: ;DC8I>DC % :HI 8GD>HH6CI: 8DCI>CJ: ` 9GD>I: :I 9: A>B>I: :C :I :C 6ADGH >A :M>HI: JC: :I JC: H:JA: EGD767>A>If 9DCI A6 ;DC8I>DC 9: GfE6GI>I>DC :HI % %6 9fG>Kf: 9: A6 ;DC8I>DC 9: GfE6GI>I>DC :HI A6 9:CH>If 9: A6 AD> 9: 7 A O ?% O?O )AJH EGf8>HfB:CI EDJG JC: K6G>67A: 6Af6ID>G: HJG F H> A6 K6G>67A: 6Af6 ID>G: 7 7 7 7F 69B:I JC: ;DC8I>DC 9: GfE6GI>I>DC % O I ;D>H % $ E6G 9fG>K67A: 6ADGH A6 AD> 9: 7 69B:I 8DBB: 9:CH>If A6 9fG>Kf: PP % F G6EEDGI ` A6 B:HJG: 9: %:7:H<J: HJG

&DB:CIH :I >CfIfH (C 6EE:AA: BDB:CI 9TDG9G: H 9: A6 K6G>67A: 6Af6ID>G: 7 AT:HEfG6C8: 7 E :I BDB:CI 8:CIGf 9TDG9G: H AT:HEfG6C8: 7 7E %: 86A8JA 9:H BDB:CIH E:GB:I 9TfI67A>G 8:GI6>C:H >CfIfH

:O3-85@O 01 (/41.E/41B ,D>I K JC :CI>:G I:A FJ: K 5 H ! @7@ H @7@ ? C E6GI>8JA>:G H> 7 :HI JC: K6G>67A: 6Af6ID>G: Gf:AA: 9: K6G>6C8: RC>: DC 6 AT>CfIf 8A6HH>FJ: 9: >:C6NBf -8=:7N8=:K !

@7 7@

5 <M7

,> 7 :HI JC: K6G>67A: EDH>I>K: 9T:HEfG6C8: RC>: DC 9f9J>I AT>CfIf 9: &6G@DK ! 7 7 %>1AB1 DBB: @7@ A6 ;DC8I>DC >C9>86IG>8: (5( :HI 7DGCf: E6G H @7@ H C EG:C6CI AT:HEfG6C8: 9: 8=6FJ: B:B7G: 9: AT>CfIf DC :C 9f9J>I AT>CfIf 9: -8=:7N8=:K EEA>FJDCH 8:II: >CfIf ` A6 K6G>67A: 8 7 7 :I K (C D7I>:CI >BBf9>6I:B:CI AT>CfIf 9:


>:C6NBf -8=:7N8=:K %T>CfIf 9: &6G@DK H: 9f9J>I 9: AT>CfIf 9: -8=:7N8=:K 5 7 7 7 7? 7 7 (C G6EE:AA: fCfIfH 8A6HH>FJ:H 9: I=fDG>: 9: A6 B:HJG:

:O3-85@O 01 1:?1: ,D>I JC: ;DC8I>DC 8DCK:M: 9: 96CH ,> 7 :I 7 HDCI 9T:HEfG6C8: RC>: DC 6 7 7 :O3-85@O 01 T801> ,D>I K :I L 9:H Gf:AH I:AH FJ: K L :I H I H I ,> A:H K6G>67A:H @7@ :I @8 @ HDCI >CIf6C8: &6IG>8:H 9: 8DK6G>6C8:

Dn A: ?68D7>:C ) P :HI A: 9fI:GB>C6CI 9: A6 B6IG>8: A PB C E6GI> 8JA>:G H> 8 B7 :HI JC: K6G>67A: 6Af6ID>G: ;DC8I>DC 9: 7 :I H> B :HI JC 9>[fDGBDGE=>HB: 9: # HJG JC DJK:GI H6 9:CH>If K6JI 8 A B P )? P P C :[:I EDJG IDJI: ;DC8I>DC C 7DGfA>:CC: 7DGCf: DC 6 5 5 CBSA S?S C8 C8 ? " 5 CPA B P )? P ?P

DK6G>6C8: &6IG>8:H 9: 8DK6G>6C8: (C 6EE:AA: +7>):1)6+- 9: 9:JM K6G>67A:H 7 :I 8 A: CDB7G: "JQ7 8 7 78 78 7 8 %DGHFJ: 7 7 7 7F :HI JC: K6G>67A: 6Af6ID>G: 9: F DC 6EE:AA: 5)):1)6+- A6 B6IG>8: 9: 9>B:CH>DC I I 6N6CI EDJG fAfB:CIH "JQ7A 7B "JQ7A 7B 7A 7A 7B 7B 7A 7B 7A 7B %T6EEA>86I>DC 7 8 "JQ7 8 :HI JC: ;DGB: 7>A>Cf6>G: HNBfIG>FJ: I:AA: FJ: "JQ7 7 5 <M7 7 %: 86GGf 9J BD9JA: 9: A6 8DK6G>6C8: 9: 9:JM K6G>67A:H 6Af6ID>G:H :HI 7DGCf E6G A: EGD9J>I 9:H K6G>6C8:H

@"JQ7 8 @ 7 8 %6 B6IG>8: 9: 8DK6G>6C8: :HI JC: B6IG>8: HNBfIG>FJ: EDH>I>K: !S F

S1 S

AA: :HI E6G 8DCHfFJ:CI 9>6H67A: :I H:H K6A:JGH EGDEG:H HDCI IDJI:H EDH>I>K:H DJ CJAA:H

(C 6EE:AA: +7-F+1-6< ,- +7::L4)67A:H 6Af6ID>G:H 7 :I 8 A: CDB7G: 9fRC> E6G "JQ7 8 ? 5 <M75 <M8 %: 8D:Z8>:CI 9: 8DGGfA6I>DC B:HJG: A6 9fE:C96C8: A>Cf6>G: :CIG: A:H K6 G>67A:H 6Af6ID>G:H 7 :I 8 "A :HI 8DBEG>H :CIG: :I %DGHFJ: :HI CJA A:H K6G>67A:H 7 :I 8 HDCI 9>I:H ,L+7::L4L-; ,> 6ADGH 8 :HI JC:


;DC8I>DC A>Cf6>G: 9: 7 :I HTf8G>I HDJH A6 ;DGB: 8 6C8: B:HJG: A6 9fE:C96C8: :CIG: K6G>67A:H 6Af6ID>G:H ,> 7 :I 8 HDCI 9:JM K6 G>67A:H 6Af6ID>G:H >C9fE:C96CI:H 6ADGH "JQ7 8 )AJH 67A: 9: F H> 7 7F HDCI 9:H K6G>67A:H 6Af6ID>G:H >C9f E:C96CI:H Gf:AA:H 6ADGH A6 B6IG>8: 9: 8DK6G>6C8: :HI 9>6I>DCH :HI ;6JHH: BgB: ADGHFJ: 7 :I 8 HDCI 9:H K6G>67A:H :CC:H AA: 9:K>:CI KG6>: ADGHFJ: 7 :I 8 DJ ADGHFJ: 7 7F HDCI JC K:8I:JG :C :I E6H H:JA:B:CI 9:H K6G>67A:H :CC:H

/:8I:JGH :CH (C 9>I FJTJC K:8I:JG 6Af6ID>G: 7 7 7F :HI JC >-+ EDJG IDJI CDB7G: < 9: F A6 K6G>67A: I 7 :HI JC K:8I:JG :C H> :I H:JA: B:CI H> IDJI: 8DB7>C6>HDC A>Cf6>G: :HI JC: K6G>67A: :CC: ,> 7 :HI JC K:8I:JG :C 6ADGH A:H K6G>67A:H 7A HDCI 9:H K6G>67A:H :CC:H &6>H A6 Gf8>EGDFJ: :HI ;6JHH: KD>G :M:G8>8: C G:K6C8=: H> 7 7F HDCI 9:H K6G>67A:H :CC:H >C9fE:C96CI:H 6ADGH 7 7F :HI JC K:8I:JG :C

,D>I 7 7 7F JC K:8I:JG :C (C 9fBDCIG: FJ: EDJG FJ: A:H K6G>67A:H 7 7F HD>:CI >C9fE:C96CI:H >A ;6JI :I >A HJZI FJ: A6 B6IG>8: 9: 8DK6G>6C8: HD>I 9>6I JC: B6IG>8: I I HNBfIG>FJ: EDH>I>K: DJ CJAA: :I H JC K:8I:JG 9: F DC 9>I FJTJC K:8I:JG 6Af6ID>G: 7 7 7F HJ>I JC: AD> :CC: 1 H H> H6 ;DC8I>DC 86G68IfG>HI>FJ: HTf8G>I

P PF @AME M

M

Dn P :HI A: K:8I:JG 8DADCC: P PF %: Gf:A H H HF :HI 6ADGH A6 BDN:CC: 9: 7 :I A6 B6IG>8: 9: 8DK6G>6C8: 9: 7

,D>I 7 7 7F JC K:8I:JG :C ,> A6 B6IG>8: 9: 8DK6G>6C8: 0 :HI >CK:GH>7A: 6ADGH A6 AD> 9: 7 :HI 67HDAJB:CI 8DCI>CJ: E6G G6EEDGI ` A6 B:HJG: 9: %:7:H<J: 9: F :I H6 9:CH>If HTf8G>I A S SF

F

?

&'40

'71
7 7 7F :HI JC K:8I:JG :C 9: AD> 1F H 0 :I H> :HI A6 B6IG>8: 9TJC: 6EEA>86I>DC A>Cf6>G: 9: F 96CH H = JC K:8I:JG 9: H A: K:8I:JG 8 7 = D7f>I ` JC: AD> CDGB6A: 1H H = 0 1

&D9:H 9: 8DCK:GI>DCH 9:H 9>[fG:CIH BD9:H 9: 8DCK:G I: 9: K6G>67A:H 6Af6ID>G:H 7F +76>-:/- 8:-;9=- ;Q:-5-6< E H K:GH A6 K6G>67A: 6Af6ID>G: 7 H> A6 8DCK:G:J H6J; E:JI gIG: EDJG JC :CH:B7A: 9: B:HJG: CfI: 9: K6G>67A:H 6Af6ID>G:H 7F +76>-:/- ,)6; +H K:GH A6 K6G>67A: 6Af6 ID>G: 7 H> 5 H H @7F 7@ ? -+. A7F 7AH -+. F

F

%6 HJ>I: 9: B:HJG:H EDH>I>K:H 7DGCf:H F +76>-:/- .)1*4-5-6< DJ K6<J: B:CI K:GH H> EDJG IDJI: ;DC8I>DC 8DCI>CJ: HJG FJ> I:C9 K:GH OfGD ` AT>CRC> DC 6 5 5 -+.

A ? F

A ?

%6 HJ>I: 9: B:HJG:H EDH>I>K:H 7DGCf:H F +76>-:/- LDC 8DCI>CJ: 7DGCf: 9: 5 5 -+. A ? F A ? %6 HJ>I: 9: B:HJG:H EDH>I>K:H 7DGCf:H F 8DCK:GI:B:CI K:GH H> :I H:JA:B:CI H> F 8DCK:G7A:B:CI K:GH :I H> -+. F %6 HJ>I: 9: K6G>67A:H 6Af6ID>G:H 7F +76>-:/- -6 8:7*)*14167A: 6Af6ID>G: 7 H> ! @7F 7@ %6 HJ>I: 9: K6G>67A:H 6Af6ID>G:H 7F +76>-:/- -6 471 K:GH A6 K6G>67A: 6Af6ID>G: 7 H> A:H B:HJG:H /5% 8DCK:GI:B:CI K:GH A6 B:HJG: /5

.C: HJ>I: 9: EGD767>A>IfH F :HI 9>I: EDJG IDJI >A :M>HI: JC 8DBE68I * I:A FJ: EDJG IDJI I DC 6>I

F * ; .C: HJ>I: 9: K6G>67A:H 6Af6ID>G:H 7F :HI I:C9J: H> A6 HJ>I: 9: AD>H 9: EGD76 7>A>IfH 5% :HI I:C9J:

(4O;>N91 01 %>;4;>;B ,D>I F JC: HJ>I: 9: EGD767>A>IfH HJG )DJG FJ: A6 HJ>I: F HD>I I:C9J: >A ;6JI :I >A HJZI FJTDC EJ>HH: :MIG6>G: 9: F JC: HDJH HJ>I: F" FJ> 8DCK:GA>If


(4O;>N91 01 %-A8 !OBE ,> F :HI JC: HJ>I: 9: ;DC8I>DCH 86G68IfG>HI>FJ:H 9: K6G>67A:H 7F FJ> 8DCK:GDC 8DCI>CJ: :C 6ADGH :HI A6 ;DC8I>DC 86G68IfG>HI>FJ: 9TJC: K6G>67A: 6Af6ID>G: 7 :I A6 HJ>I: 7F 8DCK:G K:GH A6 K6G>67A: 7

%>1AB1 )DJG 9fBDCIG:G A: I=fDGeB: 9: )6JA %fKN >A HJZI 9: BDCIG:G FJ: A6 HJ>I: 7F :HI I:C9J: 6G 96CH 8:H 8DC9>I>DCH >A :M>HI: JC: HDJH HJ>I: 5%" FJ> 8DCK:GA>If &6>H 6ADGH 8DBB: A>B>I: 9: F" :HI A6 ;DC8I>DC 86G68IfG>HI>FJ: 9: AD> 9: 7 'DIDCH F A6 AD> 9: 7F

)DJG IDJI P fI67A>HHDCH AT>CfIf 5 M F O?O @7F @ I P M T6EGeH A: I=fDGeB: 9: J7>C> 5 M F O?O P M

P

5

M

M 5 M

P 5

9TDn P

5

M

M

5

?O

3+/ O O @O@

5 F O?O

@ALP ? F S?O

@ALP ? F S 3+/PS ? F S PS

M

(G EDJG IDJI O Gf:A

5

(P( F

F

@S@ I

@PS@

? F S

T6EGeH A: I=fDGeB: 9: 8DCK:GH>G P 9: HDGI: FJ: @ O@ H> @O@ P 9DC8 5 M @ O@ ?O P M )6G 8DCHfFJ:CI >A :M>HI: JC G6C< ` E6GI>G 9JFJ:A EDJG IDJI I I 5 M @ F O@ ?O

F @S@ I P M

&D9:H 9: 8DCK:GI: F :HI 9DC8 I:C9J: )6G 8DCHfFJ:CI :HI 7>:C A6 ;DC8I>DC 86G68 IfG>HI>FJ: 9: 7

(4O;>N91 %:H EGDEDH>I>DCH HJ>K6CI:H HDCI fFJ>K6A:CI:H %6 HJ>I: 9: K6G>67A:H 6Af6ID>G:H 7F 8DCK:G K:GH JC: K6G>67A: 6Af6ID>G: 7 %:H ;DC8I>DCH 9: GfE6GI>I>DC %5% S 8DCK:GDC 9: Gf E6GI>I>DC %5 S 9: A6 AD> 9: 7 :C IDJI ED>CI 9: 8DCI>CJ>If 9: %

%:H ;DC8I>DCH 86G68IfG>HI>FJ:H 5% P 8DCK:GBEA:B:CI K:GH A6 ;DC8I>DC 86G68IfG>HI>FJ: 5 P 9: 7 EDJG IDJI Gf:A P

)DJG IDJI: ;DC8I>DC 8DCI>CJ: 7DGCf: A A 7F A 7 %:H BD9:H 9: 8DCK:GfH :CIG: :JM 8:GI6>CH :C >BEA>FJ:CI 9T6JIG:H

%>; A6 HJ>I: 7F 8DCK:GI 7F JC: HJ>I: 9: K6G>67A:H 6Af6ID>G:H Gf:AA:H

%>;If H> :I H:JA:B:CI H> EDJG IDJI M 351 @7F C 7F @ M F

C

%>; H

351@7F C 7F @ C

F

%>; EDJG IDJI M 351 @7F C 7F @ M C

F


.C: HJ>I: 9: K6G>67A:H 6Af6ID>G:H Gf:AA:H 7F :HI JC>;DGBfB:CI >CIf 5 @7F @ ? 351 F

9

(5% (9

6JIG:B:CI 9>I H> EDJG IDJI >A :M>HI: < I:A FJ: EDJG IDJI I 5 @7F @ ? (5% (9

(C 9fBDCIG: A: GfHJAI6I HJ>K6CI ,D>I 7F JC: HJ>I: 9: K6G>67A:H 6Af6ID>G:H Gf:AA:H 8DCK:GA>If ADGH 7F 8DCK:G :I H:JA: B:CI H> A6 HJ>I: 7F :HI JC>;DGBfB:CI >CIfH 9:H B>I:H ,D>I % JC :HE68: EGD767>A>H67A: :I F JC: HJ>I: 9TfKfC:B:CIH 9: %

%6 A>B>I: HJEfG>:JG: 9: A6 HJ>I: F :HI AT:CH:B7A: 9:H FJ> 6EE6GI>:CC:CI ` JC: >CRC>If 9: F

-+.

F

7 6 C

B>I: >C;fG>:JG: 9: A6 HJ>I: F :HI AT:CH:B7A: 9:H FJ> 6EE6GI>:CC:CI ` IDJH A:H F H6J; E:JI gIG: JC CDB7G: RC>

-+.

F

6 7 C

I &F JC: HJ>I: 9: IG>7JH (C 6EE:AA: HFJ: EDJG IDJI S S @P

6CH A: 86H E6GI>8JA>:G Dn HJ>K6CI:

F

@7F 7@ DC :C 9f9J>I A6 EGDEDH>I>DC

RC>: 6ADGH A6 HJ>I: 9: K6G>67A:H 6Af6ID>G:H K:GH 7

.

@7F 7@ :HI F 7F 8DCK:G; EDJG IDJI A6 HDBB:

(C 9>HI>C<J: A:H AD>H ;6>7A:H Dn A6 8DCK:G:J :C AD> :I A:H AD>H ;DGI:H Dn A6 8DCK:G:J EG:HFJ: HoG:B:CI

!;5 2-5.81 01? 3>-:0? :;9.>1? ,D>I 7F JC: HJ>I: 9: K6G>67A:H 6Af6ID>G:H Gf:AA:H >C9fE:C96CI:H 9: BgB: AD> 9T:HEfG6C8: 7A H 6ADGH 7 7F * H I


%>1AB1 (C E:JI HJEEDH:G A:H K6G>67A:H 8:CIGf:H H (C EDH: 2F 7 7F )J>HFJ: A:H K6G>67A:H HDCI >C9fE:C96CI:H :I 8:CIGf:H A:H EGD9J>IH 7A 7B EDJG D E HDCI 9T:HEfG6C8:H CJAA:H )6G 8DCHfFJ:CI F 3 2F 7C *I C

^ A6 A>B>I: 2F I I:C9 K:GH DC8 2F I I:C9 K:GH 96CH +

!;5 2;>@1 01? 3>-:0? :;9.>1? ,D>I 7F JC: HJ>I: 9: K6G>67A:H 6Af6ID>G:H Gf:AA:H >C9fE:C96CI:H 9: BgB: AD> 9T:HEfG6C8: 7A H 6ADGH 7 7F HK H I (4O;>N91 01 8- 8595@1 /1:@>-81 ,D>I 7F JC: HJ>I: 9: K6G>67A:H 6Af6ID>G:H Gf:AA:H >C9fE:C96CI:H 9: BgB: AD> I:AA:H FJ: 7A 9T:HEfG6C8: 7A H :I 9: K6G>6C8: 5 <M7A 6ADGH 7 7F IH DGA C 1 I )6G JC 8=6C67A:H 8A 7A H DC E:JI :MEG>B:G A6 8DCK:G6C8: I

%DGHFJ: I :HI I JC: AD> CDGB6A: 1 H I %: I=fDGeB: IG69J>I A6 K>I:HH: 9: 8DCK:G CDGB6A: %DGHFJ: A:H K6G>67A:H 6Af6ID>G:H HDCI 9:H AD>H 9: :GCDJAA> 9: E6G6BeIG: K A: I=fDGeB: HT6EE:AA: A: I=fDGeB: 9: &D>KG: %6EA68:

7 7F IK ? 1 IK K C EG6I>FJ: DC :BEAD>: A6 ;DGBJA: 9: &D>KG: 5 : 2F IK = C @P ?S -+. < C F IKL 9 %>1AB1 (C E:JI HJEEDH:G FJ: H (C EDH: 2F 7 7F :I DC CDI: O A6 ;DC8I>DC 86G68IfG>HI>FJ: 9: 7 F O DO F O '71 C 2F C I I

M:BEA:H 9: AD>H

(G

O C I

O J I

^ A6 A>B>I: -+. -0) F O 9TDn

-+. F O @

I

O

*

C %6 K6G>67A: 2F I 8DCK:G :CC: 1

M:BEA:H 9: AD>H !;5 01 1>:;A885 ,JG A>If K :I 6K:8 A6 EGD767>A>If L K ,DC :HEfG6C8: :HI 7 K :I H6 K6G>6C8: 5 <M7 K K

!;5 .5:;95-81 68 AA: :HI 9fRC>: EDJG F I E6G A6 G:A6I>DC 7 F "FC KC KFC ,DC :HEfG6C8: :HI 7 IK H6 K6G>6C8: 5 <M 7 IKL H6 ;DC8I>DC 8: &N $N5 KN LF ,> 7 HJ>I JC: AD> 7>CDB>6A: 9: E6G6BeIG:H !I K :I 8 HJ>I JC: AD> 7>CDB>6A: 9: E6G6BeIG:H !H K :I H> 7 :I 8 HDCI >C9fE:C96CI:H 6ADGH 78 HJ>I JC: AD> 7>CDB>6A: 9: E6G6BeIG:H !I H K )DJG IK RMf A6 AD> 7>CDB>6A: I:C9 K:GH JC: AD> 9: )D>HHDC 9: E6G6BeIG: FJ6C9 I I:C9 K:GH AT>CRC> :I K I:C9 K:GH ,D>I 7 JC: K6G>67A: 6Af6ID>G: 9: AD> 7>CDB>6A: !I K DC 9fBDCIG: FJ: A6 AD> 9: A6 K6G>67A: 6Af6ID>G: 7 IK 8 ? IK K I:C9 K:GH JC: AD> CDGB6A: 8:CIGf: Gf9J>I: - FJ6C9 I I:C9 K:GH AT>CRC>

!;5 9A8@5:;95-81 %6 AD> BJAI>CDB>6A: :HI JC: H6I>DC 9: A6 AD> 7>CDB>6A: ,D>I 7 7 7C JC: K6G>67A: 6Af6ID>G: F 9>B:CH>DCC:AA: Dn EDJG 8=6FJ: D F A:H K6G>67A:H 6Af6ID>G:H Gf:AA:H 7A HJ>K:CI JC: AD> 7>CDB>6A: 9: E6G6BeIG:H !I KA (C HJEEDH: FJ: K KC %6 9:CH>If 9: 7 4 C I KP P P" F KS SC S SC A A ,DC :HEfG6C8: K6JI 7A IKA H6 K6G>6C8: 5 <M 7A IKA KA :I A6 8DK6G>6C8: K6JI "JQ7A 7B IKA KB EDJG D E


!;5 01 %;8E- ;A 8;5 .5:;95-81 :O3-@5B1 68 ,D>I K JC Gf:A K I JC :CI>:G CDC CJA I :I F (C 9>I FJ: 7 HJ>I JC: AD> 7>CDB>6A: CfK: H> C 7 F "F C KF KC

(C EDH: L K / LK :I 0 K ,DC :HEfG6C8: K6JI 7 I/ ILK :I H6 K6G>6C8: 5 <M 7 I/ 0 ILK %6 ;DC8I>DC 8: 9: A6 AD> 7>CDB>6A: CfK: :HI &N N5 0 / NF ,> 7 7 HDCI 9:H AD>H 9: :GCDJAA> >C9fE:C96CI:H 9: E6G6BeIG: K 6ADGH A6 K6G>67A: 6Af6ID>G: 7 .+/7 7C P P C

HJ>I JC: AD> 7>CDB>6A: CfK:

,> 7 7F HDCI 9:H K6G>67A:H 9: AD> FJ: KD>G 8> 9:HHDJH 6ADGH A6 K6G>67A: 7 7F HJ>I JC: AD> 7>CDB>6A: CfK: - !I K

!;5 01 %;5??;: / AA: :HI 9fRC>: EDJG JC E6G6BeIG: :I EDJG F :CI>:G C6IJG:A E6G C 7 F @ F

,DC :HEfG6C8: :HI 7 H6 K6G>6C8: 5 <M 7 H6 ;DC8I>DC 8: &N $N5 @ K ,> 7 HJ>I JC: AD> 9: )D>HHDC 9: E6G6BeIG: / :I 8 HJ>I JC: AD> 9: )D>HHDC 9: E6G6BeIG:H / H> 7 :I 8 HDCI >C9fE:C96CI:H 6ADGH 7 8 HJ>I JC: AD> 9: )D>HHDC 9: E6G6BeIG: /

,> 1 HJ>I JC: AD> 9: )D>HHDC 9: E6G6BeIG: 6ADGH 7 DGA C - !;5 3O;9O@>5=A1 .C: K6G>67A: 6Af6ID>G: 7 HJ>I JC: AD> FJ: &@K 9: E6G6BeIG: K H> EDJG F 7 F K KC ,DC :HEfG6C8: K6JI 7 KK H6 K6G>6C8: 5 <M 7 KK :I H6 ;DC8I>DC 8: &N N5

K KN

M:BEA:H 9: AD>H

!;5 4E3O;9O@>5=A1 'I - - .C: K6G>67A: 6Af6ID>G: 7 HJ>I JC: AD> =NE:GFJ: 9: E6G6BeIG:H - - :CI>:GH C6IJG:AH H> EDJG F HDII - DC 6 - - F IF 7 F - - I (C EDH: - - - K - - :I L K - - %T:HEfG6C8: 9: 7 F K6JI 7 IK H6 K6G>6C8: 5 <M 7 IKL , , %6 ;DC8I>DC =NE:GFJ: % :HI 9fRC>: E6G

% U

> 3 < I= I U F I I

/D>G 8> 9:HHDJH A6 9fRC>I>DC 9: A6 ;DC8I>DC %6 ;DC8I>DC =NE:GFJ: :HI 9>K:G A6 E6GI>: Gf:AA: !'> < = :I 67HDAJB:CI 8DCK:G !'> < = ,> !'> < = 6ADGH % :HI 8DCK:GDC CDJH E:GB:I 9T:MEG>B:G A6 ;DC8I>DC 8: 9: 7 FJ> K6JI - F &N N5 % I - - I N I !;5 A:52;>91 4 JC>;DGB: HJG JC >CI:GK6AA: ": E6G A6 9:CH>If KS 9: S =< ,DC :HEfG6C8: :HI 7 < = H6 K6G>6C8: 5 <M 7 = DC 86G68IfG>HI>FJ: O @AL: @AL9 DO=;DGB: HJG AT>CI:GK6AA: "HI>FJ: O @AL5

3+/H JC>;DGB:H >C9fE:C96CI:H HJG " IG>6C<JA6>G: 3 1 3 If @S@ 99 S KS <
67A:H 6Af6ID>G:H

,DC :HEfG6C8: :HI CJAA: 7 :I H6 K6G>6C8: K6JI 5 <M7 < ,6 ;DC8I>DC 86G68IfG>HI>FJ: K6JI O @AL5

%039-81 1 H %6 AD> CDGB6A: DJ AD> :CC: 6 EDJG 9:CH>If KS

S H C '71

%6 AD> :CC: 6 EDJG :HEfG6C8: 7 H :I EDJG K6G>6C8: 5 <M7 ,6 ;DC8I>DC 86G68IfG>HI>FJ: :HI O @AL5 '71DHO O ,> 7 :I 8 HDCI 9:JM :CC:H >C9fE:C96CI:H 7 9: AD> 7 1 H :I 8 9: AD> 8 1 H

6ADGH A6 K6G>67A: 6Af6ID>G: I JC: AD> :CC: 9T:HEfG6C8: H 6C8: < =

,> 7 :I 8 HDCI 9:JM :CC:H >C9fE:C96CI:H 8:CIGf:H Gf9J>I:H 9: AD> 7 1 6ADGH A: FJDI>:CI 78 HJ>I JC: AD> 9: 6J8=N 9: E6G6BeIG: ' ,> A:H K6G>67A:H 6Af6ID>G:H 7A EDJG D I HDCI 9:H :CC:H >C9fE:C96CI:H 8:CIGf:H Gf9J>I:H 9: AD> 7A 1 6ADGH A6 K6G>67A: 6Af6 ID>G: 7A HJ>I JC: AD> I JC: AD> 9J 8=> DJ AD> I H H HF F 0 JC: B6IG>8: ` 8D:Z8>:CIH Gf:AH 9fRC>: EDH>I>K: HNBfIG>FJ: 0 , I %6 K6G>67A: 6Af6ID>G: 7 7 7F HJ>I JC: AD> CDGB6A: IW9>B:CH>DCC:AA: 1F H 0 H> 1 C S H '71 0 S H KS F &'4 0 Dn AT:MEG:HH>DC 96CH AT:MEDC:CI>:AA: :HI JC: :MEG:HH>DC B6IG>8>:AA: Dn 9fH> 9: 9:CH>If KS ?

S - @ S
7

:I 8 HDCI 9:H K6G>67A:H C6Af6ID>G:H >C9fE:C96CI:H 9: AD> :CC: 1 <

6ADGH A6 K6G>67A: 9 7 8 HJ>I JC: AD> 9: +6NA:>9-81 ,D>I 8 JC: K6G>67A: 6Af6ID>G: 9: AD> CDGB6A: 1 H

%6 AD> 9: A6 K6G>67A: 7 @6 :HI JC: AD> ADIf KS

-/ S H C '71 S

M:BEA:H 9: AD>H

,DC :HEfG6C8: K6JI 7 @E

:I H6 K6G>6C8:

5 <M7 @ E @ !;5 01 -A/4E ') ,D>I < A6 AD> 9: 6J8=N :HI 9fRC>: E6G A6 9:CH>If < KS

< S ,DC :HEfG6C8: :HI >CRC>: :I H6 K6G>6C8: CT:HI E6H 9fRC>: ,6 ;DC8I>DC 86G68 IfG>HI>FJ: K6JI O @9(L( )DJG FJTJC: K6G>67A: 6Af6ID>G: 7 HD>I JC: AD> 9: 6J8=N >A ;6JI :I >A HJZI FJ: H6 ;DC8I>DC 86G68IfG>HI>FJ: 5 5 ,> A:H K6G>67A:H 6Af6ID>G:H 7A HDCI 9:H AD>H 9: 6J8=N >C9fE:C96CI:H 9: E6G6 BeIG: < 6ADGH A6 HDBB: 7 7F I HJ>I JC: AD> 9: 6J8=N 9: BgB: E6G6BeIG: ,> 7 :I 8 HDCI 9:H AD>H :CC:H >C9fE:C96CI:H 1 6ADGH 78 HJ>I JC: AD> 9: 6J8=N 9: E6G6BeIG: ' ,> 7 :I 8 HDCI 9:H K6 G>67A:H 6Af6ID>G:H JC>;DGBfB:CI 9>HIG>7Jf:H HJG A: 8:G8A: S T 6ADGH A6 K6G>67A: 78 HJ>I JC: AD> 9: 6J8=N 9: E6G6BeIG: '

!;5 1D :MEDC:CI>:AA: 6 EDJG 9:CH>If KS @ P P ,DC :HEfG6C8: :HI 7 :I H6 K6G>6C8: 5 <M 7 ,6 ;DC8I>DC 86G68IfG>HI>FJ: K6JI O @AL5 DO ,> 7 :I 8 HDCI 9:JM K6G>67A:H 6Af6ID>G:H 9: AD> :MEDC:CI>:AA: >C9fE:C96CI:H 9: E6G6BeIG:H 7 ) :I 8 ) 6ADGH +/(7 8 HJ>I JC: AD> :MEDC:C I>:AA: 9: E6G6BeIG: (C 9fRC>I 6JHH> EDJG < :I A6 471 -@876-6 6 EDJG :HEfG6C8: 7 < = :I EDJG K6G>6C8: 5 <M 7 ,6 ;DC8I>DC 86G68IfG>HI>FJ: K6JI O @AL5

@A9L DO

%6 471 -@876-6If KS

(P9( @

6K:8 < :I ,DC :HEfG6C8: K6JI 7 < :I H6 K6G>6C8: 5 <M 7 ,6 ;DC8I>DC 86G68IfG>HI>FJ: :HI O @AL5

@A9L O


!;5 01 5?41>(5 9: 9:CH>If - S< @ KS '71 6 EDJG :HEfG6C8: 7 < Dn :HI A6 8DCHI6CI: 9TJA:G :I EDJG K6G>6C8: 5 <M 7 ,6 ;DC8I>DC 86G68IfG>HI>FJ: K6JI O @AL5 D O@A9L !;5 3-99- If KS

9 9 P S @ P DC :HI A: EGDADCDC ;68IDG>:AA: 9fRC>: E6G 5 S

@L OP ?O

:II: ;DC8I>DC KfG>R: A:H EGDEG>fIfH 8A6HH>FJ:H C S SS I I EDJG IDJI :CI>:G C6IJG:A :I 6CH A: 86H E6GI>8JA>:G Dn < DC G:IGDJK: A6 AD> :MEDC:CI>:AA: %T:HEfG6C8: 9TJC: AD> HI>FJ: O 9 DO9 6K:8 D :I EDJG 9fI:GB>C6I>DC ,> 7 :I 8 HDCI 9:JM K6G>67A:H 6Af6ID>G:H 9: AD> C9fE:C96CI:H 9: E6G6BeIG:H 7 I JC: AD> I JC: AD> I JC: AD> ,> 7 HJ>I JC: AD> CDGB6A: 1 7 HJ>I JC: AD> 7A :HI JC: HJ>I: 9: K6G>67A:H 6Af6ID>G:H >C9fE:C96CI:H 9: AD> CDGB6A: 1 6ADGH A6 K6G>67A: 6Af6ID>G: 7 7F HJ>I JC: AD> :MEDC:CI>:AA: )DJG A6 AD> :HI 6EE:Af: 471 ,E:4)6/

!;5 3-99- 5:B1>?1 " CK:GH: 6 EDJG 9:CH>If KS

9 @ P P 7 HJ>I JC: AD> I JC: AD> CK:GH: "H

!;5 01 %->1@; / If KS
If KS

< = 9 S S: S I>;H 8JA>:G Dn < = DC G:IGDJK: JC: AD> JC>;DGB: HJG " # ,DC :HEfG6C8: K6JI 7 6C8: 5 <M 7

7 HJ>I JC: AD> 8 HJ>I JC: AD> = :I H> 7 :I 8 HDCI >C9f E:C96CI:H 6ADGH A6 K6G>67A: 6Af6ID>G: 77 8 HJ>I JC: AD> 7gI6 7 HJ>I JC: AD> I JC: AD> = A:H K6G>67A:H 6Af6ID>G:H 7A >C9fE:C96CI:H HJ>K:CI JC: AD> JC>;DGB: HJG 4 5 :I H> DC 9f H>HI>FJ: 9TDG9G: 8T:HI ` 9>G: A6 AD> 9:H K6G>67A:H D7I:CJ:H E6G DG9DCC6C8:B:CI 7 7F 6ADGH A6 K6G>67A: 6Af6ID>G: 7C HJ>I JC: AD> 7gI6 9: E6G6BeIG:H F I F EDJG F I

!;5 01 *15.A88 6 7JAA 6 EDJG 9:CH>If

KS 6C8: K6JI 5 <M 7

= 9

= 9

<

<
:MEDC:CI>:AA: )DJG < :I = A6 AD> 9: 0:>7JAA :HI A6 AD> 9: +6NA:>67A:H 6Af6ID>G:H

!;5 01 '@A01:@ 2I %6 AD> 9: ,IJ9:CI 6 EDJG 9:CH>If S % I KS C I I Dn F :HI A6 ;DC8I>DC 7gI6 < = 9 S S: S 7 :HI JC: K6G>67A: 6Af6ID>G: 9: AD> CDGB6A: 8:CIGf: Gf9J>I: 1 :I 8 JC: K6G>67A: 6Af6ID>G: 9: AD> A:H K6G>67A:H 7 :I 8 HDCI >C9fE:C96CI:H 6ADGH 7 8 HJ>I JC: AD> 9: ,IJ9:CI 2I ,> 7 HJ>I JC: AD> 9: ,IJ9:CI 2I 6ADGH 7 HJ>I JC: AD> 9: >H=:G ,C:9:8DG % I KD>G 8> 9:HHDJH

!;5 01 '@A01:@ 0591:?5;::1881 2F 0 6CH A: 86H 9: A6 9> B:CH>DC I A6 AD> 9: ,IJ9:CI :HI 9fRC>: ` E6GI>G 9TJC: 8DCHI6CI: 9TJC: B6IG>8: 9fRC>: EDH>I>K: 0 , I :I 9TJC E6G6BeIG: F I % 1 C S

KS 0 S

F &'4 0 %T:HEfG6C8: :HI A: E6G6BeIG: 7 H> )DJG DC 6 7 7 1

0

!;5 01 5?41>':101/;> % If

KS

S 6C8: 5 <M 7

= < = 7 HJ>I JC: AD> 9: >H=:G % I JC: AD> =7 HJ>I JC: AD> 9: 9: >H=:G % = 7 HJ>I JC: AD> I JC: AD> 9 H> 8 HJ>I JC: AD> : :I H>

%D>H >C9fRC>B:CI 9>K>H>7A:H AD>H HI67A:H

7 :I 8 HDCI >C9fE:C96CI:H 6ADGH A6 K6G>67A: =7I JC: AD> 9: >H=:G % 5/481@ #F < 8=A:I 6 EDJG 9:CH>If KS

F 4 7 +H :I 8 +I DC 6 H H I I @8 @ @78 @ @7@ ,D>I 7 :I 8 9:JM K6G>67A:H 6Af6ID>G:H (C 6EE:AA: -;8L:)6+- +76,1I>DCC:AA: G:A6I>K: ` A6 IG>7J :CI 7 :I 8 9:JM K6G>67A:H 6Af6ID>G:H A :I B 9:JM ;DC8I>DCH CJBfG>FJ:H

)DJG FJ: AT:HEfG6C8: 8DC9>I>DCC:AA: HD>I fA ;6JI :I >A HJZI FJ: EDJG IDJI: ;DC8I>DC 7DGfA>:CC: 7DGCf: C "B7C8 # "A 8 C8 # JIG:B:CI 9>I H> ? 56 S T 9fH>If 9J 8DJEA: 7 8 :I ? 6 T A6 9:CH>If 9: A6 K6G>67A: 6Af6ID>G: 8 5 5 BSCT? 56 S T A TCT? 6 T C E6GI>8JA>:G H> 7 :HI JC: K6G>67A: 6Af6ID>G: ` K6A:JGH 9>H8GeI:H 5 3 8 ? 8 @7 7 SC 5P" C

,> 7 69B:I JC: 9:CH>If A5 S :I H> A: 8DJEA: 7 8 6 JC: 9:CH>If CDIf: 9: A6 ;6dDC HJ>K6CI: A56 S T 6ADGH A6 AD> 9: EGD767>A>If 8DC9>I>DCC:AA: 9: 8 H68=6CI 7 S 6 EDJG 9:CH>If A: G6EEDGI 9: A6 9:CH>If 9J 8DJEA: E6G 0 A6 9:CH>If 9: A6 AD> B6GC6A: A5 S A56 S T?T 5 8 @7 S T A65P T?T 6K:8 A65P T

A56 S T A5 S

6CH A: 86H :C A: 8DC9>I>DCC:B:CI 8DjC8>9: 6K:8 AT6EEGDM>B6I>DC 6ZC: KD>G :M:G8>8:

)AJH EGf8>HfB:CI DC 6 A: GfHJAI6I HJ>K6CI

M:G8>8:H

(4O;>N91 ,D>I 7 8 JC K:8I:JG /)=;;1-6 Dn 7 7 7F :HI JC K:8I:JG 6Af6ID>G: 9: F :I 8 8 8E JC K:8I:JG 9: E %: K:8I:JG 7 8 6 JC: B6IG>8: 9: 8DK6G>6C8: 9: A6 ;DGB: * * * * *

1 "JQ7 8 (C HJEEDH: Dn * 5 <M7 *

5 <M8 :I * * FJ: A6 B6IG>8: * :HI >CK:GH>7A: ADGH A: K:8I:JG 8 EDHHe9: 8DC9>I>DCC:A A:B:CI ` 7 JC: AD> :CC: HJG E 9T:HEfG6C8: :I 9: 8DK6G>6C8: 9DCCf:H E6G

8 @ 7 "JQ8 @ 7 Dn

8 7 7 *

* 1

:HI A6 B6IG>8: H I * *

M:G8>8:H D1>/5/1 ,D>I 7 7F 9:H K6G>67A:H 6Af6ID>G:H >C9fE:C96CI:H 9T:HEf G6C8: 7A H :I 9: K6G>6C8: 5 <M 7A 6A8JA:G AT:HEfG6C8: :I A6 K6G>6C8: 9: A6 BDN:CC: :BE>G>FJ: F

7F

3 7A I A

6A8JA:G AT:HEfG6C8: 9: AT:HI>B6I:JG 2F

F 3 7A 7F I A

D1>/5/1 ,D>I 7 JC: K6G>67A: 6Af6ID>G: 9: AD> 7>CDB>6A: !I K

6A8JA:G A6 ;DC8I>DC 8: &N N5 C 9f9J>G: 7 :I 5 <M7 (C HJEEDH: FJ: 7 HJ>I JC: AD> 7>CDB>6A: !I K 8 HJ>I JC: AD> !H K :I 7 :I 8 HDCI >C9fE:C96CI:H 6A8JA:G A6 AD> 9: 7 8 ,> 7 HJ>I JC: AD> 9: )D>HHDC 9: E6G6BeIG: 86A8JA:G H6 ;DC8I>DC 8: 'N N5 C 9f9J>G: 7 :I 5 <M 7 ,> 7 HJ>I JC: AD> 9: )D>HHDC 9: E6G6BeIG: H> 8 HJ>I JC: AD> 9: )D>HHDC 9: E6G6BeIG: :I H> 7 :I 8 HDCI >C9fE:C96CI:H 86A8JA:G A6 AD> 9: 7 8 %DGHFJ: I I:C9 K:GH AT>CRC> :I K I:C9 K:GH 6K:8 IK I:C96CI K:GH BDCIG:G FJ: &N 8DCK:GCI F 9:H K6G>67A:H 6Af6ID>G:H 7DGCf:H EDH>I>K:H :I *F B:HJG6 7A:H 8F JC: HDJH B6GI>CCCI: EDC9fGf: 2F 7 F 7F :HI JC: HDJH B6GI>CCC 8F :HI JC: B6GI>CHE:CH:G 9: AT=NEDI=eH: F %>; 7F :HI JC: HDJH B6GI>CC1AB1 C :[:I DC 6 5 5 5

7F ? 7F ? 7F ? $5% % $5% % 5 5

7F ? 7F ? $5% %

&6GI>C67A: 6Af6ID>G: - % :HI JC I:BEH 9T6GGgI EDJG A6 RAIG6I>DC *F H> EDJG IDJI :CI>:G I ATfKfC:B:CI 3 I *F +:B6GFJDCH FJ: 8:II: 9fRC>I>DC fFJ>K6JI ` !I 3 I *F DJ 7>:C :C8DG: ` !I 3 I *F %6 K6G>67A: 6Af6ID>G: 3 F EDJG F C6IJG:A 9DCCf :HI JC I:BEH 9T6GGgI ,D>I JC fAfB:CI 9: A6 IG>7J % A6 K6G>67A: 6Af6ID>G: 3 +/(A CT:M>HI: E6H 9T:CI>:G I I:A FJ: 7F :HI JC I:BEH 9T6GGgI 3 G:EGfH:CI: A: EG:B>:G >CHI6CI Dn A6 HJ>I: 7F :CIG: 96CH

%>; 2 :I 3 HDCI 9:JM I:BEH 9T6GGgI 6ADGH 3512 3 2 : 3 :I +/(2 3 2 9 3 HDCI 9:H I:BEH 9T6GGgI ,> 2F :HI JC: HJ>I: 9: I:BEH 9T6GGgI 6ADGH 3512F :HI JC I:BEH 9T6GGgI

%>; 7F :HI JC: HDJH B6GI>CCCI: 71 F :HI JC: HDJH B6GI>CCCI % JC :HE68: 9: EGD767>A>If 3 JC I:BEH 9T6GGgI *F JC: RAIG6I>DC 9: HDJH IG>7JH 9: % (C 6EE:AA: IG>7J 9:H fKfC:B:CIH 6CIfG>:JGH ` 3 A6 IG>7J %1

<
;5O@O? %6 IG>7J %1 :HI JC: HDJH IG>7J 9: % %: I:BEH 9T6GGgI 3 :HI JC: K6G>67A: 6Af6ID>G: %1 B:HJG67A:

%6 K6G>67A: 71 1 :HI %1 B:HJG67A: DC8 ATfKfC:B:CI HJ>K6CI :HI 7>:C fAfB:CI 9: A6 IG>7J *F 71 1 < 8 3 I 7F 2 :I 3 HDCI 9:JM I:BEH 9T6GGgI I:AH FJ: ! 2 3 6ADGH A6 IG>7J 9:H fKfC:B:CIH 6CIfG>:JGH ` 2 :HI >C8AJH: 96CH A6 IG>7J 9:H fKfC:B:CIH 6CIfG>:JGH ` 3 %0 %1 C :[:I H> :HI JC fKfC:B:CI 9: %0 6ADGH 8 2 I *F :I 3 I *F )6G 8DCHfFJ:CI ATfKfC:B:CI HJ>K6CI :HI 7>:C fAfB:CI 9: A6 IG>7J *F 8 3 I 9TDn

%1

8 2 I 8 3 I *F

"CfIfH

%: I=fDGeB: 9T6GGgI 9: DD7 BDCIG: FJ: AT>CfIf 9:H HDJH B6GI>C>P@ 01 ;;. ,D>I 7F JC: HJGB6GI>CC C67A:H 70 :I 71 HDCI 96CH + :I DC 6 71 @ *0 70 G:HE:8I>K:B:CI

,> A:H I:BEH 9T6GGgI C: HDCI E6H 7DGCfH A: I=fDGeB: E:JI gIG: ;6JM )6G :M:BEA: H> 7F :HI JC: K6G>67A: 9: :GCDJAA> I:AA: FJ: 7F 7F (C 8DCH>9eG: A6 B6G8=: 6Af6ID>G: 2F 7 7F :I A:H I:BEH 9T6GGgI 2 :I 3 Dn 2 :HI A: EG:B>:G >CHI6CI Dn A6 B6G8=: 6II:>CI 2 +/(:G >CHI6CI Dn A6 B6G8=: 6II:>CI 3 +/(I Cf8:HH6>G:B:CI 6K6CI 3 2 3 )DJGI6CI A6 K6A:JG 9: A6 B6G8=: ` AT>CHI6CI 2 K6JI 70 :I ` AT>CHI6CI 3 71 : FJ> BDCIG: FJ: 71 @ *0 70 %>1AB1 %: I:BEH 9T6GGgI 2 fI6CI 7DGCf A6 K6G>67A: 70 :HI >CIfRDCH FJ:

5 !

*0

5

71 ?

70 ?

%6 HDBB: 5

70 71 ?

C 5 3 F 0F C 5 3

F 0F

7F 71 ? 7F 7F H ?

9fBDCIG: AT>CfIf EGf8f9:CI:

"CfIfH (4O;>N91 ,D>I 7F JC: HJGB6GI>CCfIfH 7C 71 7 @71 @ 7 7C

&6GI>C1AB1 T6EGeH A: I=fDGeB: 9T6GGgI 9: DD7 EJ>HFJ: 3 :I F HDCI 9:JM I:BEH 9T6GGgI 7DGCfH 7C @ *1 71 )6G 8DCHfFJ:CI

7C 71

: A6 BgB: B6C>eG: EJ>HFJ: 3 :I HDCI 9:H I:BEH 9T6GGgI 7DGCfH 71 @ * 7 DC 6

71 7

)6G 8DCHfFJ:CI

7C 71 7

)DJG 9fBDCIG:G A6 9:JM>eB: 6HH:GI>DC >A HJZI 9: G:B6GFJ:G FJ: 8DBB: 71 71 71 :I @71 @ 71 71 71 71 DC 6 @71 @ 71 71 :I

@71 @ 7 71

&6>H 7F :HI JC: HJGB6GI>CCCN91 :O3-85@O? 9-D59-81? ,D>I 7F JC: HDJH B6GI>CI JC CDB7G: EDH>I>; 5 3517F 7 7C ? 7C

FC

$ #$! 5% %

+/( 7F

5%"

7

FC

$ 5% %

7C ? 7 7C

%"

(C 6 A: BgB: GfHJAI6I EDJG A:H HJGB6GI>CN91 :O3-85@O? 9-D59-81? ,D>I 7F JC: HJGB6GI>CI JC CDB7G: EDH>I>; 5 3517F FC

7

+/( 7F

FC

5

$ #$! 5% %

7C ? 7 7C

%"

$ 5% % %"

7C ? 7C

"CfIfH

%>1AB1 DCH>9fGDCH A: I:BEH 9T6GGgI 3 +/( 'DIDCH 7

7 ? DBB:

7 71 71 3517F 71 3517F FC

FC

:I FJ: 5 3517F FC

DC 6

5

$ #$! 5% %

?

%"

$ #$! 5% %

71 ?

%"

7 3517F 71 3517F FC

FC

(G ATfIf 7C 7C 7C 8DC9J>I ` AT>CfIf 7C 7C 7C 7C 9TDn A6 EG:B>eG: >CfIf 5 7C ? 7 7C 3517F 7 FC

$ #$! 5% % %"

)DJG A6 H:8DC9: >CfIf >A HJZI 9: 8DCH>9fG:G A: I:BEH 9T6GGgI 3 +/(KG: A6 BgB: 9fBDCHIG6I>DC FJ: )DJG 9fBDCIG:G A: GfHJA I6I HJG A:H HJGB6GI>CFJ: A: GfHJAI6I 9:H HDJH B6GI>CK6CI CDJH H:G6 JI>A: 96CH A6 9fBDCHIG6I>DC 9:H >CfIfH 9: DD7

!1991 ,D>I JC: ;DC8I>DC EDH>I>K: 8GD>HH6CI: 8DCI>CJ: ` 9GD>I: I:AA: FJ: :I 7 JC: K6G>67A: 6Af6ID>G: EDH>I>K: DJ CJAA: DC 6 5 7 O?O 7

%>1AB1 %6 EG:JK: 9f8DJA: 9J I=fDGeB: 9: J7>C> 5 5 P 5 5 S? S ?O? S 7

5

L

? S?O

&6GI>CN91 :O3-85@O 01 ;;. ,D>I 7F JC: HDJH B6GI>CI>K: K :I L 9:JM CDB7G:H Gf:AH I:AH FJ: K L 3517F L A7C A !K H FC H 3517F L 351 A7F A !K H F F H @ 3517F -0) 7F 351 7F @ F %>1AB1 )DHDCH 8 3517F T6EGeH A:H >CfIfH B6M>B6A:H FC

5 8

$6 %

7C ?

:I 9T6EGeH A: A:BB: DC 6 5 8

O

5

5

5 $6 L%

7C ? ?O

7C

6

?O O

? S

=D>H>HHDCH O OH 9: A6 G:A6I>DC 5 6 5 6 ?O K 8 H L8 H KOH ?O O K DC :C 9f9J>I FJ: 8

H

H AH

5

8 A8 L 7C 8 H ? HI L A7C AH 8 H I L A7C AH A8 AI HI

,> 8 +H 6ADGH DC E:JI 9>K>H:G E6G A8 AI A: GfHJAI6I ` 8 9 I +H

FJ> :HI RC> ,>CDC DC 6EEA>FJ:

H

I

A8 9 IAH L A7C AH A8 9 IAI 9TDn

A8 9 IAH L A7C AH

C ;6>H6CI I:C9G: I K:GH AT>CRC> :I :C 6EEA>FJ6CI A: I=fDGeB: 9: 6IDJ DC IGDJK: A6 B6?DG6I>DC 8=:G8=f:

EEA>FJDCH A: A:BB: ` A6 ;DC8I>DC O O 8T:HI ` 9>G: A6 ;DC8I>DC O H> O :I O O H> O 5 6 5 5

L ? 7C -0) 8 ? 8 8 7C O

"CfIfH

(G EDJG IDJI:H K6G>67A:H 7 :I 8 EDH>I>K:H DC 6 7 -0) 8 7 -0) 7

8 @

86G A6 ;DC8I>DC ADI=B: :HI 7DGCf: E6G S@ EDJG IDJI S EDH>I>; TDn A: GfHJAI6I 8 7C -0) 7C 8 @ ,> 7F :HI JC: B6GI>CFJ: A:H >CfIfH ` @7F @ FJ> :HI JC: HDJH B6GI>CI>K:

(4O;>N91 :O3-85@O? 01? 9;:@O1? 1@ 01? 01?/1:@1? ,D>I 7F JC: C HJGB6GI>CC IDB7: 96CH AT>CI:GK6AA: "CI:GK6AA: "9fGDCH 96CH A6 HJ>I: FJ: 9:H 8=6iC:H =DBD<eC:H %6 B6IG>8: 0S T EDJG S T 9f8G>K6CI $ :HI JC: B6IG>8: fK:CIJ:AA:B:CI >CRC>: 6EE:Af: 5) A: EGD8:HHJH 7F KfG>R: A6 G:A6I>DC EGf8f9:CI: EDJG JC: EGD 767>A>If :I JC: B6IG>8: 9: IG6CH>I>DC 0 6ADGH 7F :HI JC: 8=6iC: 9: &6G@DK 9: AD> >C>I>6A: :I 9: B6IG>8: 9: IG6CH>I>DC 0

=6iC:H 9: &6G@DK

(C 9f9J>I 9: 8:II: G:A6I>DC EAJH>:JGH :MEG:HH>DCH 9DCI A:H AD>H 9:H K6G>67A:H 7F *J:A FJ: HD>I AT:CI>:G F DC 6 7F

SF 7F C SF C @7 S 7F SF 0SF SF 0SF C SF C

%6 AD> 9: A6 K6G>67A: 7F C H68=6CI FJ: 7F S :HI 9DCCf: E6G 3 7F C T@7F S 0C S T 0S P0C P T M# C

Dn 0 :HI A6 EJ>HH6C8: F >eB: 9: A6 B6IG>8: 9: IG6CH>I>DC 0 %6 AD> 9: 7F :HI fDC A 7DGfA>:CC: 7DGCf: 3 A 7F C @7F S A T0C S T Q#

:I A 7 7F

3

A S SF S 0S S 0SF SF

P P%

C E6GI>8JA>:G H> DC EG:C9 EDJG A A:H ;DC8I>DCH >C9>86IG>8:H A S SF S % SF A6 ;DGBJA: HTf8G>I 3

S 0S S 0SF SF 7 7F F P P% %

)GDEG>fIfH 9: &6G@DK (C CDI: P A6 EGD767>A>If E6GI6CI 9: S P @7 S :I P AT:HEfG6C8: 8DC9>I>DCC:AA: H68=6CI 7 S

(4O;>N91 ;:1?/A(A8/1- ,D>I JC: EGD767>A>If :I 0 JC: B6IG>8: 9: IG6CH>I>DC (C 8DCH>9eG: AT:HE68: 86CDC>FJ: $ BJC> 9: A6 IG>7J ) :I *F A6 RAIG6I>DC HI6C96G9 *F 7 7F :I * 7C F

(C CDI: F F :I DC 9fRC>I 7F F ADGH >A :M>HI: JC: :I JC: H:JA: EGD767>A>If HJG * I:AA: FJ: A: EGD8:HHJH 7F HD>I JC: 8=6iC: 9: &6G@DK 9: AD> >CI>6A: :I 9: IG6CH>I>DC 0 6EE:Af: +0)N6- +)67619=-

%T>CIfGgI 9:H 8=6iC:H 86CDC>FJ:H :HI AT:M>HI:C8: 9: ATDEfG6I:JG 9: 9f86A6DC 9fRC> E6G


(C EDH: E6G Gf8JGG:C8: F F 6CH 8:H 8DC9>I>DCH A:H K6G>67A:H 9: A6 8=6iC: HTf8G>K:CI 7F C 7F C %TDEfG6I:JG F :HI JC: 6EEA>86I>DC B:HJG67A: 9: *F 96CH * :I

F *C 7F 7F C (4O;>N91 %>;5O@O 01 "->7;B 2-5.81 ,D>I 7F JC: 8=6iC: 9: &6G @DK 86CDC>FJ: )DJG IDJI: K6G>67A: 6Af6ID>G: 9 7DGCf: G:HE EDH>I>K: "9 F @ *F # 5% 9 C E6GI>8JA>:G EDJG IDJI fKfC:B:CI "7F 7F

/ EG:HFJ: HoG:B:CI :I EDJG IDJI :CI>:G I

@ 7 7F # 5%

%>1AB1 )6G 9fRC>I>DC 9: AT:HEfG6C8: 8DC9>I>DCC:AA: >A HT6I 9: BDCIG:G FJ: EDJG IDJI ! *F DC 6 5 5 9 F ?/ 5% 9?/ %6 G:A6I>DC :HI KG6>: EDJG JC: ;DC8I>DC >C9>86IG>8: 9 )DJG ! 7 ! 7F !F :I 7 7C C DC 6

F 7F

7F C

C

)DJG IDJI ! *F " # 5% % ,D>I :C HDBB6CI # " % / 7 ! 7F !F 7F 7F C C 3

S 0S S 0SF C SF C P

P%" "

"5

5% 5 " 5% #

%

5% 5 5" " # 5% ?/

%: I=fDGeB: :HI 9DC8 KG6> EDJG 9:H ;DC8I>DCH fI6H EDJG IDJI: ;DC8 I>DC EDH>I>K: E6G E6HH6B>I: HJG 9:H ;DC8I>DCH fI6N91 %>;5O@O 01 "->7;B 2;>@1 ,D>I 3 JC I:BEH 9T6GGgI EDJG IDJI: K6G>67A: 6Af6ID>G: 7DGCf: G:HE EDH>I>K: DC 6 HJG 3 "9 1 @ *1 # 5 9

/ EG:HFJ: HoG:B:CI

=6iC:H 9: &6G@DK )DJG IDJI fKfC:B:CI

DC 6 EH

"71 71

@ *1 # 5

+:B6GFJDCH FJT:C >CIGD9J>H6CI A6 ;DC8I>DC >C9>86IG>8: A6 EGDEG>fIf 9: &6G @DK HTf8G>I "1 9 1 @ *1 # 1 5 9 %>1AB1 "A ;6JI 9fBDCIG:G FJ: EDJG IDJI *1 DC 6 5 5 9 1 ?/ 5 9?/

T6EGeH A6 EGDEG>fIf 9: &6G@DK ;6>7A: EDJG IDJI I :I EDJG IDJI ! *F DC 6 5 5 9 F ?/ 5% 9?/ 9DC8 EDJG IDJI 5

*

1 F

5 9 F ?/

1 F

5% 9?/

:I :C HDBB6CI HJG I 5 3 F

,D>I EDJG IDJI

1 F

9 F ?/

F

*1 5

5 3 1 F

5% 9?/

5 9 1 ?/

5 9?/

8: FJ> 9fBDCIG: A6 EGDEG>fIf 9: &6G@DK ;DGI:

)DJG 8=6FJ: I:BEH 9T6GGgI DC 9fRC>I JC: EGD767>A>If 9: IG6CH>I>DC 01 E6G 01 S P 71

6CH 8:H 8DC9>I>DCH EDJG IDJI: ;DC8I>DC 7DGfA>:CC: 7DGCf: 01 A S P A 71 :I 6K:8 A6 CDI6I>DC 0F 0F "A 71 F @ *1 # 0F A 71


(4O;>N91 ,D>I 2 :I 3 9:JM I:BEH 9T6GGgI 1 2 3 0 :HI JC I:BEH 9T6GGgI :I HJG 1 7/ 71 0 %6 EGD767>A>If 9: IG6CH>I>DC 0/ :HI 9DCCf: E6G 0/ 00 01 %>1AB1 &DCIGDCH FJ: 1 :HI JC I:BEH 9T6GGgI

I>DC 01 :I :C 6EEA>FJ6CI A6 EGD EG>fIf 9: &6G@DK ;DGI: 00 01 A S

00 P A 71 P 5 A 71 P "A 71 0 @ *1 # P A 71 0 P A 71

0 P A 70 1

00 1

A S

: FJ> 9fBDCIG: A: I=fDGeB:

(C 8DCH>9eG: A:H I:BEH 9T6GGgI # +/(I>DC 0 0" :HI 6EE:Af: 78L:)f ` :I ( ATDEfG6I:JG 9: BJAI>EA>86I>DC E6G ( A S A S H> S :I H>CDC %TDEfG6I:JG 9: 76A6N6R: 0

3 F

( 0F (

=6iC:H 9: &6G@DK

(C 9fRC>I E6G Gf8JGG:C8: A:H I:BEH 9: G:IDJG 9: A6 8=6iC: 96CH 3 3 3F

3 +/(A>If 9: IG6CH>I>DC ( /

3

( / F ( (

F

3

/ ( F / (

F

8F :HI 6EE:Af: +0)N6- 16,=1: 9J EDI:CI>:A ^ IG6K:GH A6 CDI>DC 9: EDI:CI>:A A6 I=fDG>: 9:H EGD767>A>IfH E:GB:I 9: G:IGDJK:G FJ:AFJ:H GfHJAI6IH 9T6C6ANH: ;DC8I>DCC:AA: ,D>I JC: EGD767>A>If 0 JC: B6IG>8: 9: IG6CH>I>DC :I 7F A6 8=6iC: 86CDC>FJ: 6HHD8>f: (C 6EE:AA: 5)I>K: A :HI 9>I: ;=:0):57619=- DJ -@+-;;1>- H> EDJG IDJI S A S 0A S .C: ;DC8I>DC A :HI 9>I: 0):57619=- DJ 16>):1)6 EDJG IDJI S A S 0A S %: EDI:CI>:A Q 9TJC: ;DC8I>DC A :HI 9fRC> E6G 3 3 F 0 A S P A 7F QS &A S F

F

: A6 G:A6I>DC & ( 0& DC 9f9J>I FJ: A: EDI:CI>:A Q A 0Q %: EDI:C I>:A :HI 9DC8 JC: ;DC8I>DC :M8:HH>K: %T:HE68: 9:H ;DC8I>DCH >CK6G>6CI:H :HI JC :HE68: K:8IDG>:A 6JIG:B:CI 9>I IDJI: 8DB7>C6>HDC A>Cf6>G: 9: ;DC8I>DCH >CK6G>6CI:H :HI >CK6G>6CI:

%>;DC A :HI :M8:HH>K: G:HE >CK6G>6CI: H> :I H:JA:B:CI H> A 7F :HI JC: HJGB6GI>CCDC *F FJ:AA: FJ: HD>I A6 AD> >C>I>6A:

%>1AB1 ,> A :HI :M8:HH>K: 6ADGH "A 7F @ *F # 0A 7F A 7F

-=fDG>: 9J EDI:CI>:A

9DC8 A 7F :HI JC: HJGB6GI>CHI: 9:H ;DC8I>DCH B :I C JC>FJ:H I:AA:H FJ: A &P C %6 ;DC8I>DC C :HI >CK6G>6CI: :I C -+. 0F A

P ( 0A

%>1AB1 ,> A :HI :M8:HH>K: A6 HJ>I: 0F A :HI 9f8GD>HH6CI: )6G A: I=fDGeB: 9: %:7:H<J: A6 ;DC8I>DC C :HI =6GBDC>FJ: 86G 0C 0-+. 0F A -+. 0F A C : EAJH &P

-+.

F 3

0C P -+.

C

F 3

C

0C A

F 3

0C A

C

-+.A 0A 0A 0 A 0F A 0F A -+. A 0F A A C %TJC>8>If H: 9fBDCIG: E6G AT67HJG9: ,JEEDHDCH FJ: A &P C &P C DBEDHDCH E6G 0F DC 6 0F &P C 0F &P C &6>H 0F &P

3

0C P

CF

FJ6C9 I I:C9 K:GH AT>CRC> :C I6CI FJ: G:HI: 9TJC: HfG>: 8DCK:G: 9DC8 &P :HI RC>: ^ A6 A>B>I: C C :I 9DC8 &P &P I :C 8DBEDH6CI E6G ( 0 DC 6 ( 0&P ( 0&P 8: FJ> fFJ>K6JI ` P P

=6iC:H 9: &6G@DK

;>;88-5>1 ,> A :HI JC: ;DC8I>DC EDH>I>K: =6GBDC>FJ: B6?DGf: E6G JC EDI:CI>:A RC> 6ADGH ; :HI CJAA: ,> A :HI JC: ;DC8I>DC :M8:HH>K: B6?DGf: E6G JC EDI:CI>:A RC> 6ADGH A :HI JC EDI:CI>:A

%>1AB1 : AT>CfIf A &P DC 6 0F A 0F &P 8T:HI ` 9>G: A 0F &P DC8 A :HI >9:CI>FJ:B:CI CJAA: ,> A :HI :M8:HH>K: >A :M>HI: 9:JM ;DC8I>DCH Q :I R I:AA:H FJ: A &Q R &P %6 ;DC8I>DC R :HI =6GBDC>FJ: :I B6?DGf: E6G &P &Q DC8 R )6G 8DCHfFJ:CI A &Q :HI JC EDI:CI>:A

,D>I * %6 8=6iC: 7F IJf: 6J I:BEH # 6 EDJG B6IG>8: 9: IG6CH>I>DC ( 0( :I EDJG B6IG>8: EDI:CI>:AA: &

3

( 0F (

F

6CH 8:H 8DC9>I>DCH

3

& A S P

A 7F

F"

%: EDI:CI>:A KfG>R: A6 G:A6I>DC & & 0 & FJ> H: A6 G:A6I>DC & ( 0&

%>1AB1 ,D>I A JC: ;DC8I>DC EDH>I>K: )6G A6 EGDEG>fIf 9: &6G@DK 0 &A S

3

P &A 7" P "

P

P

P

A 7F

F

3

F 3

A 7F " A 7F "

F 3

A 7F

F"

: EAJH

&A S

P

3

A 7F

F

P

" 3

A 7F

P

F

3

A 7F

F"

& A S 0 &A S

: FJ> 9fBDCIG: A6 G:A6I>DC 8=:G8=f:

-G6CH>:C8: :I Gf8JGG:C8:

-G6CH>:C8: :I Gf8JGG:C8: )DJG IDJI 96CH A6 IG>7J * DC 9fRC>I A: I:BEH 9T6GGgI 3 8DBB: A: EG:B>:G >CHI6CI 9T:CIGf: 9: A6 8=6iC: 96CH AT:CH:B7A: 3 +/(;H 96CH 2

C 2

2 +/(CRC> ADGHFJ: AT>C; :HI K>9: (C CDI: - A: CDB7G: 9: K>H>I:H 9: A6 8=6iC: 96CH

3 3 5% 7 F - F

F

)DJG

<S= -P G:EGfH:CI: A: CDB7G: 9: E6HH6A>If EDJG FJ: E6GI6CI 9: S A6 8=6iC: E6HH: 6J BD>CH JC: ;D>H E6G T PQ P 3Q P -Q %T:HEfG6C8: 9J CDB7G: 9: E6HH6 P 3P 8T:HI ` 9>G: H> E6GI6CI 9: S A6 8=6iC: G:E6HH: EG:HFJ: HoG:B:CI :C S .C fI6I :HI E6GI6CI 9: 8:I fI6I A6 8=6iC: C: G:E6HH: E6H E6G 8:I fI6I .C fI6I :HI 9DC8 IG6CH>:CI H> P 3P ,> S :HI JC fI6I Gf8JGG:CI A6 8=6iC: E6HH: JC: >CRC>If 9: ;D>H E6G S :I P -P :I E6G 8DCHfFJ:CI &S S P -P ,> S :HI IG6CH>:CI A6 8=6iC: E6HH: JC CDB7G: RC> 9: ;D>H E6G S P -P :I &S S PP %6 EGD767>A>If EDJG FJ: E6GI6CI 9: ATfI6I IG6CH>:CI S A6 8=6iC: E6HH: F ;D>H E6G S HJ>I JC: AD> FJ: 9: E6G6BeIG: PP P -P F PP C PP 6CH 8:H 8DC9>I>DCH H> T :HI IG6CH>:CI EDJG IDJI fI6I S AT:HEfG6C8: 9J CDB7G: 9: E6HH6DC HJ>K6CI:

%>;I S JC fI6I FJ:A8DCFJ: ,> S :HI Gf8JGG:CI 6ADGH P -P :I &S S ,> S :HI IG6CH>:CI 6ADGH P -P :I &S S PP

(4O;>N91 %>5:/5C8>E: 9J B6M>BJB 86G >A BDCIG: FJ: A6 ;DC8I>DC S &S T 6II:>CI JC B6M>BJB 6J ED>CI T

%>1AB1 C 6EEA>FJ6CI A6 EGDEG>fIf 9: &6G@DK ;DGI: DC 6 &S T

P -Q P -Q 1. 3 Q 7F 1. & P % 3

F 1.

P 1. Q 7F 1.

F

3

P 1. 5. Q 7F

F

3

P 1. Q Q 7F

F

P 3Q

3

Q Q 7F

F

P 3Q &T T

(C 9>I FJ: A6 8=6iC: 7F :HI ID>G:H %6 8=6iC: :HI 9>I: 1::L,=+ &S T EDJG IDJI 8DJEA: S T "A G:K>:CI 6J BgB: 9: 9>G: FJ: P 3Q EDJG IDJI 8DJEA: S T )DJG JC: 8=6iC: >GGf9J8I>7A: IDJH A:H fI6IH HDCI 9: BgB: C6IJG: ,> JC fI6I :HI Gf8JGG:CI G:HE IG6CH>:CI 6ADGH IDJH A:H fI6IH HDCI Gf8JGG:CIH G:HE IG6CH>:CI ,> A6 8=6iC: :HI Gf8JGG:CI: >GGf9J8I>7A: 6ADGH A: EDI:CI>:A :HI >CRC> &S T EDJG IDJI 8DJEA: S T .C :CH:B7A: 9TfI6IH $ :HI +47; H> A6 8=6iC: C: E:JI E6H HDGI>G 9: AT:CH:B7A: 9eH FJT:AA: N :HI :CIGf: 8T:HI ` 9>G: H> !S

P 7C

.C :CH:B7A: 9: $ :HI 1::L,=+A C: 8DCI>:CI E6H 9:JM HDJH :CH:B7A:H 8ADH 9>H?D>CIH %T:CH:B7A: 9:H fI6IH Gf8JGG:CIH 9TJC: 8=6iC: 9: &6G@DK ;DGB: JC: E6GI>I>DC RC>: DJ 9fCDB7G67A: 9: HDJH :CH:B7A:H 8ADH >GGf9J8I>7A:H

:JM fI6IH S :I T 6EE6GI>:CC:CI ` 9:JM 8A6HH:H 9>[fG:CI:H H> :I H:JA:B:CI H> &S T

=6iC:H >GGf9J8I>7A:H Gf8JGG:CI:H

=6iC:H >GGf9J8I>7A:H Gf8JGG:CI:H .C: 8=6iC: 9: &6G@DK :HI >GGf9J8I>7A: Gf8JGG:CI: H> AT:CH:B7A: 9:H fI6IH CT:HI ;DGBf FJ: 9TfI6IH Gf8JGG:CIH %:H GfHJAI6IH 9: 8: E6G6[fG:CIH H> AT:HE68: 9:H fI6IH :HI RC> DJ >CRC>

(4O;>N91 4-/;:$>:?@15: (C HJEEDH: FJ: AT:HE68: 9:H fI6IH $ :HI RC> ,D>I 7F JC: 8=6iC: 9: &6G@DK >GGf9J8I>7A: Gf8JGG:CI: 9: B6IG>8: 9: IG6CH>I>DC 0 6ADGH "A :M>HI: JC: :I JC: H:JA: EGD767>A>If >CK6G>6CI: E6G A6 B6IG>8: 9: IG6CH>I>DC 0 6EE:Af: EGD767>A>If HI6I>DCC6>G: 3 S0S T T !T $ ,> -QP

. F1-

P#

5% Q 9fH>DC A $ >CIfDCH A B + F . C F .

A 7C

C

B7C

0 A ? 0 B ?

%DGHFJ: AT:HE68: 9:H fI6IH $ CT:HI E6H RC> A: I=fDGeB: G:HI: KG6> ` 8DC9> I>DC 9: G:BEA68:G AT:M>HI:C8: 9TJC: EGD767>A>If E6G AT:M>HI:C8: 9TJC: B: HJG: HIG>8I:B:CI EDH>I>K: JC>FJ: ` JC: 8DCHI6CI: BJAI>EA>86I>K: EGeH ,> $ 6ADGH DC 8DCHIGJ>I JC: EGD767>A>If >CK6G>6CI: :C 9>K>H6CI E6G A6 B6HH: IDI6A: $ C E6GI>8JA>:G H> $ :HI RC> >A :M>HI: JC: JC>FJ: EGD767>A>If HI6I>DCC6>G: C G:B6GFJ6CI FJ: 3P

3 Q#

-QP

P 3P

3 T Q#

S

S

DC KD>I FJ: H> $ AT:HEfG6C8: P 3P 6ADGH FJ: 96CH A: 86H Dn $ P 3P : FJ> 8DC9J>I ` A6 8A6HH>R86I>DC 9:H fI6IH 9TJC: 8=6iC: 9: &6G@DK >GGf9J8I>7A: FJ> HDCI HD>I IDJH IG6CH>:CIH

=6iC:H 9: &6G@DK

HD>I IDJH Gf8JGG:CIH CJAH P 3P HD>I IDJH Gf8JGG:CIH EDH>I>;H P 3P %DGHFJ: $ :HI RC> IDJH A:H fI6IH HDCI Gf8JGG:CIH EDH>I>;H 6JIG:B:CI 9>I HJG JC :HE68: 9TfI6I RC> IDJI: 8=6iC: 9: &6G@DK >GGf9J8I>7A: :HI Gf8JGG:CI: EDH>I>K:

,D>I 7F JC: 8=6iC: 9: &6G@DK >GGf9J8I>7A: DC 6EE:AA: 8L:17,- ,- 4) +0)N6AT:CI>:G ? EC9fE:C96CI: 9: ATfI6I S ,> A6 EfG>D9: 9: A6 8=6iC: :HI A6 8=6iC: :HI 9>I: )8L:17,19=-

%>;I 0 A6 B6IG>8: 9: IG6CH>I>DC 9TJC: 8=6iC: >GGf9J8I>7A: 6EfG>D9>FJ: HJG JC :CH:B7A: 9TfI6I RC> $ "A :M>HI: JC :CI>:G C6IJG:A I I:A FJ: EDJG IDJI 8DJEA: 9TfI6I S T 9: $ 0F S T EDJG IDJI I I

(4O;>N91 01 $>1E ,D>I 7F JC: 8=6iC: 9: &6G@DK >GGf9J8I>7A: Gf8JG G:CI: EDH>I>K: 9: EGD767>A>If HI6I>DCC6>G: ,> A6 8=6iC: :HI 6EfG>D9>FJ: ? EDJG IDJI fI6I S :I T -+. 0F S T T

F

,> A6 EfG>D9: 9: A6 8=6iC: :HI 9>[fG:CI: 9: ? EDJG IDJI fI6I S :I T >A :M>HI: JC :CI>:G M M ? I:A FJ: EDJG IDJI I 0F S T H6J; H> I M .0& ? :I 96CH 8: 86H I H? M -+. 0E< J S T ? T

E

%DGHFJ: AT:HE68: 9:H fI6IH :HI JC :HE68: RC> H> 7F :HI JC: 8=6iC: 9: &6G@DK >GGf9J8I>7A: 9: B6IG>8: 9: IG6CH>I>DC 0 DC 6 A:H GfHJAI6IH HJ>K6CIH %6 BJAI>EA>8>If 9: A6 K6A:JG EGDEG: 9: A6 B6IG>8: 9: IG6CH>I>DC :HI fD9: ? H> :I H:JA:B:CI H> A:H G68>C:H ? >eB: 9: ATJC>If HDCI K6A:JGH EGDEG:H 9: 0 %: CDB7G: 9: 8A6HH:H Gf8JGG:CI:H 9: EfG>D9: ? :HI fEA>8>If 9: A6 G68>C: ? >eB: 9: ATJC>If

(C 9>I FJ: A6 B6IG>8: 9: IG6CH>I>DC 0 H6I>H;6>I A6 +76,1A :M>HI: JC :CI>:G K JC: 8DCHI6CI: :I JC: EGD767>A>If HJG AT:HE68: 9:H fI6IH $ I:AH FJ: EDJG IDJI 8DJEA: S T 0H S T QT .C: 8=6iC: :HI -:/7,19=- ADGHFJ: A6 8DCK:GH 9: 7F > : A:H EGD767>A>IfH 0F C: 9fE:C9 E6H 9: A6 AD> >C>I>6A: 9: A6 8=6iC: JIG:B:CI 9>I ! 0F

&6G8=:H 6Af6ID>G:H

(4O;>N91 ,D>I 7F JC: 8=6iC: 9: &6G@DK HJG JC :HE68: 9TfI6IH 9fCDB 7G67A: 9DCI A6 B6IG>8: 9: IG6CH>I>DC 0 H6I>H;6>I A6 8DC9>I>DC 9: D:7A>C

ADGH EDJG IDJI: EGD767>A>If >C>I>6A: A6 HJ>I: 9: EGD767>A>IfH 0F 9:H AD>H 9: 7F 8DCK:GFJ: EGD767>A>If HI6I>DCC6>G: 9: A6 8=6iC: 9: &6G@DK 7F JIG:B:CI 9>I IDJI: 8=6iC: 9: D:7A>C HJG JC :HE68: 9TfI6I 9fCDB7G67A: :HI :GFJ:

%DGHFJ: AT:HE68: 9:H fI6IH :HI RC> JC: 8=6iC: 7F :HI :GFJ: H> :I H:JA: B:CI H> 7F :HI JC: 8=6iC: 6EfG>D9>FJ: >GGf9J8I>7A: %: I=fDGeB: HJ>K6CI EGf8>H: A6 K>I:HH: 9: 8DCK:GN91 ,JEEDHDCH AT:HE68: 9:H fI6IH RC> ,D>I 0 A6 B6IG>8: 9: IG6C H>I>DC 9TJC: 8=6iC: 9: &6G@DK >GGf9J8I>7A: 6EfG>D9>FJ: 9: EGD767>A>If HI6 I>DCC6>G: "A :M>HI: 6ADGH 9:H 8DCHI6CI:H , :I I:AA:H FJ: @0F S T T@ , F

&6G8=:H 6Af6ID>G:H ,D>I 7F JC: HJ>I: 9: K6G>67A:H 6Af6ID>G:H >C9fE:C96CI:H :I 9: BgB: AD> DC 6EE:AA: 5):+0- )4L)I: 9fRC>: E6G 2 :I 2F 7 7F

%DGHFJ: A:H 7A HJ>K:CI JC: AD> 9: :GCDJAA> 7A K

7A L

6K:8 L K A6 B6G8=: :HI 6EE:Af: 5):+0- ,- -:67=441

%6 B6G8=: 6Af6ID>G: 2F :HI JC: 8=6iC: 9: &6G@DK 6N6CI EDJG AD> >C>I>6A: A6 B:HJG: 9: >G68 :C :I EDJG B6IG>8: 9: IG6CH>I>DC A6 B6IG>8: HJ>K6CI: / I I K

/ I I L

/ I I F H> F %6 AD> 9:H FJ: ` 2F H> 7 6ADGH 2F I 8DCK:G 2F :HI JC: B6G8=: 9: :GCDJAA> 2F 8DCK:G K :I 8DCK:G K 2F I 8DCK:G86I>DC 9J I=fDGeB: 8:CIG6A A>B>I: BDCIG: FJ: 2F I 7 I5 <M 7 8DCK:G K:GH JC: AD> CDGB6A: 8:CIGf: Gf9J>I: DCH>9fGDCH A:H I:BEH 9T6GGgI HJ>K6CIH 3A +/(:G >CHI6CI Dn A6 B6G8=: EG:C9 A6 K6A:JG D :I >CIGD9J>HDCH A6 ;DC8I>DC 8: EDJG IDJI N 9: BD9JA: >C;fG>:JG ` E6G AA N "1

N1 #

3 F

3A I NF

=6iC:H 9: &6G@DK

(C KfG>R: ;68>A:B:CI E6G Gf8JGG:C8: FJ: EDJG IDJI D AA N A A N )DJG A: I:BEH 9T6GGgI 3 EG:B>:G >CHI6CI Dn A6 B6G8=: 9: :GCDJAA> 9:K>:CI EDH>I>K: 3 +/(A>IfH 9: 3 K6A:CI 3 I

3 I

:I 3 A

I F F K L I I

@K L@ L

%6 ;DC8I>DC 8: KfG>R: N1 @ 7 NA N %TfFJ6I>DC

A N KN KNA N

E:GB:I 9: 9fI:GB>C:G A C 9fK:ADEE6CI A :C HfG>: 3 I F F F K L N A N I

I

F

DC 9f9J>I A:H EGD767>A>IfH 9: 3 3 A

C

KL @K L@ L L

,> K L 6ADGH 3 :I H> K L 6ADGH 3 KL )DJG A: I:BEH 9T6GGgI 3 EG:B>:G G:IDJG 9: A6 B6G8=: :C 3 +/(DC 8: :HI 9DCCf: E6G ? A N KLN

&6G8=:H 6Af6ID>G:H

:I A:H EGD767>A>IfH 9: 3 K6A:CI 3 I :I

I F F K L I I

3 I

3 A @K L@

,> K L 6ADGH 3 L :I H> K L 6ADGH 3 K JIG:B:CI 9>I H> K L DC G:E6HH: EG:HFJ: HoG:B:CI :C :HI JC fI6I Gf8JGG:CI :I H> K L A6 B6G8=: K6 K:GH H:ADC A: H>:CI (C 86A8JA: A: EDI:CI>:A 9: A6 8=6iC: &

3 F 3

F

/

3

2 F

F

EJ>HFJ:

2F @2

F

3

F " F KF L F

F

F KF L F 2 F " F

9TDn & C

2 F

KL

H> K

6CH A: 86H Dn KL 8T:HI ` 9>G: Dn K A: EDI:CI>:A :HI >CRC> & :HI JC fI6I Gf8JGG:CI

)DJG A: I:BEH 9T6GGgI 1F 9:GC>:G G:IDJG 9: A6 B6G8=: :C 1F 351 HI6C96G9 K L DC 6 A S 1F -+. S $2%3+/ F I ,D>I < :I = 9:JM :CI>:GH G:A6I>;H I:AH FJ: < :I = (C 8DCH>9eG: A: I:BEH 9T6GGgI 3 EG:B>:G >CHI6CI Dn A6 B6G8=: 6Af6ID>G: 9: :GCDJAA> HDGI 9: AT>CI:GK6AA: # K L A:H EGD767>A>IfH 9: HDGI>: HDCI 21 I FJ: 2 21 9TDn ATfFJ6I>DC 21 FJ: A: BgB: G6>HDCC:B:CI ` A6 B6GI>CN91 01 *-80 ,D>I 3 JC I:BEH 9T6GGgI EG:HFJ: HoG:B:CI RC> 3 7F JC: HJ>I: 9: K6G>67A:H 6Af6ID>G:H >C9fE:C96CI:H :I 9: BgB: AD> (C 8DCH>9eG: A6 B6G8=: 6Af6ID>G: 2F 7 7F ,> 7 :HI 9: 86GGf >CIf DC EDH: @ 5 %03* A:H K6G>67A:H 8F ;DGB:CI JC: B6GI>C :I H> DC EDH: @ 5 K@ L@ A:H K6G>67A:H 6Af6ID>G:H @ 0% F

8F

;DGB:CI JC: B6GI>CFJ6CI A: I=fDGeB: 9T6GGgI ` A6 B6GI>C 8DC9J>I ` f8G>G: "@ 9 %03* 1 0 9 # "@ : %03* 1 0 : # :C f8G>K6CI A6 BgB: 8=DH: EDJG "@ 9 %03* 1 0 9 # "@ : %03* 1 0 : # %6 GfHDAJI>DC 9: 8:H 9:JM fFJ6I>DCH 8DC9J>I 6JM ;DGBJA:H 8=:G8=f:H : EAJH :C G:B6GFJ6CI FJ: H> DC EDH: 5 "%03* #1 ? C 0 9

DC 6 C 21 C6C:G A:H fI6IH IG6CH>:CIH :I Gf8JGG:CIH 9: A6 8=6iC: C 86A8JA6CI A: EDANClB: 86G68IfG>H I>FJ: 9fI:GB>C:G A: CDB7G: 9: 8A6HH:H Gf8JGG:CI:H %DGHFJ: A6 8=6iC: :HI >GGf9J8I>7A: 86A8JA:G A6 EGD767>A>If >CK6G>6CI: 6A8JA:G 0F :I KfG>R:G FJ: 0F 8DCK:G8: (C CDI: -F D E A: CDB7G: 9: E6HH6C:G A6 A>B>I: -F I ADGHFJ: I I:C9 K:GH AT>CRC> )DJK6>I DC EGfKD>G 8: GfHJAI6I D1>/5/1 0)N6-; ,E0:-6.-;A>If 9: IG6CH>I>DC 0 9fRC>: E6G 0S T 0S S M SM 0S S SM

H> H> H>

T S S M S M

,> 7 HJ>I JC: AD> 7>CDB>6A: !M 9fI:GB>C:G A6 AD> 9: 7 &DC IG:G FJ: A6 8=6iC: :HI >GGf9J8I>7A: :I :C 9f9J>G: A6 AD> 9: A6 9>HIG>7JI>DC HI6I>DCC6>G: (C HJEEDH: FJ: M fI:GB>C:G A:H fI6IH Gf8JGG:CIH :I IG6CH>:CIH 6>CH> FJ: A: CDB7G: 9: 8A6HH:H Gf8JGG:CI:H ,D>I A6 AD> 9T:CIGf: 9: A6 8=6iC: 9fI:GB>C:G A:H AD>H 9: 7 :I 9: 7

&DCIG:G FJT>A :M>HI: 9:JM 8DCHI6CI:H < :I = I:AA:H FJ: EDJG IDJI fI6I S DC 6 3 T0S T <S = Q#

C 9f9J>G: 7F @ 7 :I -+. 7F @ 7 F

M:G8>8:H

D1>/5/1 ,JG AT:HE68: 9:H B6IG>8: 9: IG6CH>I>DC ' ' ' 0' ' ' %

fI6IH $ 9eG: A6

( ( ( ( ( ( &

:HH>C:G A: I>DCH :I 9fI:GB>C:G A:H fI6IH IG6CH>:CIH :I A:H fI6IH Gf8JGG:CIH 6A8JA:G A: EDANClB: 86G68IfG>HI>FJ: :I EGf8>H:G A6 EfG>D9>8>If 9:H 8A6HH:H (C 8DCH>9eG: A6 G:HIG>8I>DC 9: A6 8=6iC: 6JM fI6IH C:G A6 EfG>D9: 9: A6 8=6iC: :I A6 EGD767>A>If >CK6G>6CI: &gB: FJ:HI>DC H> ATDC 8DCH>9eG: A6 G:HIG>8I>DC 6JM fI6IH /5/1 0)N6-; ,- )4I: 8F 9: K6G>67A:H >C9fE:C96CI:H 9: BgB: AD> KC Dn KC C :HI JC: AD> 9: EGD767>A>If HJG 9: K6G>6C8: RC>: :I 9T:HEfG6C8: H (C CDI: 7F A6 8=6iC: 9: &6G@DK 9T:HE68: 9TfI6I $ 9: AD> >C>I>6A: 7 :I 9: B6IG>8: 9: IG6CH>I>DC 0D E KA B 8 8A E H> D :I 0 ,D>I A N A6 ;DC8I>DC 8: 9: A6 AD> KC A N

3

KC NC

C

&DCIG:G FJ: A6 ;DC8I>DC 8: AF N 9: 7F :HI fH A6 8DBEDHf: E6G A AF A A 6A8JA:G AT:HEfG6C8: :I A6 K6G>6C8: 9: 7F (C HJEEDH: H &DCIG:G FJ: 7F C @7F HC 7F C 9f9J>G: FJ: ,F 7F 7F :HI JC: B6GI>C 8DCK:GC:G6 A6 K6G>6C8:

D1>/5/1 ,D>I K :I L 9:JM CDB7G:H K L :I K L (C 8DCH>9eG: A6 8=6iC: 9: &6G@DK 7F 9: AD> >C>I>6A: 7 :I 9: B6IG>8: 9: IG6CH>I>DC 0% K KL L & ,D>I 3 +/(G: A6 AD> 9: 3 (C 8DCH>9eG: A6 K6G>67A: 6Af6ID>G: 9 71 )DJG F DJ 86A8JA:G A6 EGD767>A>If 9 F 3 I C 9f9J>G: FJ: 9 :I 3 HDCI >C9fE:C96CI:H :I 9DCC:G A6 AD> 9: 9 ,> I 3 8DBE6G:G 7F :I 9

CIGDE>: :I 6EEA>86I>DCH :GFJ:H

"CIGD9J>I: E6G A6JH>JH A6 CDI>DC 9T:CIGDE>: 6 8DCCJ 9: CDB7G:JH:H H6I>DCH 'DJH 8DCH>9fGDCH >8> 8:II: CDI>DC :C G:A6I>DC 6K:8 A6 I=fDG>: :GFJ: :I 9DCCDCH FJ:AFJ:H GfHJAI6IH FJ> DCI 9:H >BEA>86I>DCH E=NH>FJ:H

(C 9f8G>I 7G>eK:B:CI A6 CDI>DC 9T>GGfK:GH>7>A>If %6 EAJE6GI 9:H GfHJAI6IH H: H:CI 6J 86H 9:H 6A<e7G:H HI:AA6>G:H

,NHIeB:H 9NC6B>FJ:H ,D>I 7 % JC :HE68: 9: EGD767>A>If :I 3 7 7 JC: 6EEA>86I>DC B:HJG67A: 3 % % (C 9>I FJ: AT6EEA>86I>DC 3 EGfH:GK: A6 B:HJG: DJ FJ: :HI 3 >CK6G>6CI: H> !

%

3

%>;I>DCH HJ>K6CI:H HDCI fFJ>K6A:CI:H > ! % 3 0 0 A 3 ? A ? >> !A + 7 % >>> !A B + 7 % >A 3 B 3 ? >A B? Dn >A B? 9fH>I H86A6>G: HJG +

%>1AB1 )DJG A DC 6 >BBf9>6I:B:CI AT>BEA>86I>DC >> :CIG6iC: >

"CK:GH:B:CI A6 EGDEDH>I>DC >> :HI KG6>: EDJG JC: ;DC8I>DC >C9>86IG>8: 9T:C H:B7A: 9DC8 EDJG IDJI: ;DC8I>DC fI6 A :HI JC: ;DC8I>DC EDH>I>K: A

,NHIeB:H 9NC6B>FJ:H

:HI A>B>I: 9TJC: HJ>I: 9: ;DC8I>DCH fI6 DC 6 5 5 5 AF 3 ? A 3 ? -+. AF 3 ? -+. F

F

CRC H> A :HI JC: ;DC8I>DC >CIfI 8DBB: A6 9>[fG:C8: A A A 9: 9:JM ;DC8I>DCH EDH>I>K:H (C :C 9f9J>I FJ: >> :HI KG6>: EDJG IDJI: ;DC8I>DC 9: + %T>BEA>86I>DC >>> :CIG6iC: > :HI >BBf9>6I: 6K:8 A :I B 5 %T>BEA>86I>DC >> :CIG6iC: >>> GfHJAI: 9J ;6>I FJ: A 3 B 3 A B 3 DBB: A B + 9T6EGeH AT>CfIf 9: !mA9:G DC 6 5 5 >A 3 B 3 ? A B 3 ? A B ? >A B? : FJ> I:GB>C: A6 9fBDCHIG6I>DC

,D>I 7 % JC :HE68: 9: EGD767>A>If :I 3L O JC: ;6B>AA: 9T6EEA>86 I>DCH 9: 7 7 DC 9>I FJ: 3L :HI JC D7< H> > 3 >9:CI>If 3K L 3K 3L !N O >> %T6EEA>86I>DC 7 7 S O 3L S :HI B:HJG67A:

(C 9>I FJ: A: SDI 3L EGfH:GK: A6 B:HJG: H> !O

3L

&19->=A1 >> :HI EAJH ;DGI FJ: A6 H>BEA: B:HJG67>A>If 9: 3L 7 3 !

%

3L > fFJ>K6JI ` 9>G: FJ: EDJG IDJI: ;DC8I>DC A B:HJG67A: A 3L :HI B: HJG67A: HJG 7

%>;I 7 % JC :HE68: 9: EGD767>A>If :I 3 JC: 6EEA>86I>DC HJG 7 A:H EGDEG>fIfH HJ>K6CI:H HDCI fFJ>K6A:CI:H

> ! % 3 DJ >> !A B:HJG67A: A 3 A A :HI 8DCHI6CI: E H

(C 9>I FJ: 3 :HI -:/7,19=- DJ FJ: A6 B:HJG: :HI :GFJ: G:A6I>K:B:CI ` 3

%>1AB1 %T>BEA>86I>DC >> :CIG6iC: > :HI >BBf9>6I: >A HJZI 9: EG:C9G: A "CK:GH:B:CI HD>I A JC: ;DC8I>DC >CK6G>6CI: :I B:HJG67A: )DJG Gf:A EDHDCH <S 7 A S = %T:CH:B7A: :HI B:HJG67A: :I >CK6G>6CI 9DC8 DJ ,> A CT:HI E6H 8DCHI6CI: E H " 9DC8 A :HI 8DCHI6CI: E H


(4O;>N91 01 >O/A>>1:/1 01 %;5:/->O ,D>I 7 % JC :HE68: 9: EGD767>A>If 3 JC: 6EEA>86I>DC HJG 7 EGfH:GK6CI A6 B:HJG: :I :GFJ:

-DJI: 0 ;DC8I>DC CJBfG>FJ: A 7 B:HJG67A: EDH>I>K: CDC Cf : A ? KfG>R: 3

A 3 F

E H

F

C E6GI>8JA>:G H> :HI JC fAfB:CI 9: A6 IG>7J % I:A FJ: 6ADGH ATDG7>I: 8T:HI ` 9>G: AT:CH:B7A: 9T:CI>:GH CRC> EDJG EG:HFJ: IDJI S

%>1AB1 +:B6GFJDCH FJT>A HJZI 9: 9fBDCIG:G A: I=fDGeB: EDJG A 9 86G H> A CT:HI E6H CfR: C B C 3

F B 3 )6G 8DCHfFJ:CI EJ>HFJ: < :HI RC>: BgB: DC 9>I FJ: 3 :HI JC: +76N91 ;I 3 + 7 + 7 JC: 8DCIG68I>DC EDH>I>K: :I A + EDHDCH F 3 C A S 351 3 A S F I

C

CIGDE>: :I 6EEA>86I>DCH :GFJ:H 6ADGH

5 A ?

>

%T>CfIf D7I:CJ: HT6EE:AA: 16L/)411AB1 6GH>6 ':K:J DCH>9fGDCH A6 HJ>I: 9: ;DC8I>DCH AF 351

BF

B 3

3 CA

I

C

AF :HI JC: HJ>I: 8GD>HH6CI: A A A A :I A

6

AF

F

(C KfG>R: ;68>A:B:CI FJ: A6 HJ>I: AF H6I>H;6>I A6 G:A6I>DC !I )6G 8DCHfFJ:CI 5

AF A 3 AF

5 A ?

>%

5

AF ? >% 5 5 AF ?

>%

>%

3 AF ?

3 AF ?

I EJ>HFJ: 3 :HI JC: 8DCIG68I>DC EDH>I>K: 5 5 5 A ? AF ? 3 AF ? >%

"A HJZI 6ADGH 9T6EEA>FJ:G A: I=fDGeB: 9: 8DCK:GC:G A6 9fBDCHIG6I>DC 5 5 -+. A ? F

>%

>

&19->=A1? +:B6GFJDCH FJ: A: I=fDGeB: C: HJEEDH: E6H FJ: 3 EGf H:GK: A6 B:HJG: C> FJ: 3 HD>I :GFJ: ,> 3 EGfH:GK: A6 B:HJG: DC E:JI 6EEA>FJ:G A: I=fDGeB: EGf8f9:CI 86G 3 A 3 :HI 6ADGH JC: 8DCIG68I>DC .AF EDH>I>K: 6CH 8: 86H DC 6 A S 351 F C A 3 C S %: I=fDGeB: 0 F G:HI: K6A67A: EDJG AT>CfIf A6G A ? 86G EDJG DC 6 5

$> %

5 A ?

>

A ?

-=fDGeB:H :GFJ:H

9TDn A: GfHJAI6I :C E6HH6CI ` A6 A>B>I: ADGHFJ: :I :C 6EEA>FJ6CI A: I=fDGeB: 9: 8DCK:G;88-5>1 :O3-85@O 9-D59-81 ,D>I 7 % JC :HE68: 9: EGD76 7>A>If :I 3 JC: 6EEA>86I>DC EGfH:GK6CI A6 B:HJG: ,> A + 7 % 6ADGH 5 !

Dn DC 6 EDHf A S 351 F C E6GI>8JA>:G H>

A ? A

>

.F

F

C

A 3 C S

:HI JC HDJH :CH:B7A: >CK6G>6CI 9: A 5 A ?

%>1AB1 )DHDCH B A DC 6 A B 9TDn A: GfHJAI6I :C 6EEA>FJ6CI A: I=fDGeB: 9: !DE; ` A6 ;DC8I>DC B 5 5 B ? A ? ?

>

C E6GI>8JA>:G H> A DC D7I>:CI :C 8DCH>9fG6CI A6 G:HIG>8I>DC 9: 3 ` :I :C 6EEA>FJ6CI A: GfHJAI6I EGf8f9:CI 5 A ? 8 A >

(4O;>N91 1>3;05=A1 01 B;: #1A9-:: ,D>I , JC :HE68: 9: !>A7:GI 3 JC: 8DCIG68I>DC 9: , 96CH , ( AT:CH:B7A: 9:H ED>CIH >CK6G>6CIH E6G 3 > : ( I


(4O;>N91 B;: #1A9-:: ,D>I 7 % JC :HE68: 9: EGD76 7>A>If 3 JC: 6EEA>86I>DC EGfH:GK6CI A6 B:HJG: 6ADGH F 3 * A 3 C A @ . I

!A +

C

: EAJH H> 3 :HI :GFJ:

5 A @ .

5

A ?

%>1AB1 ,D>I + AT:CH:B7A: + I C * BDCIGDCH FJ: C ( > : 3 C C +:B6GFJDCH FJ: C :HI >CK6G>6CI EDJG AT69?D>CI 3 9: 3 C :[:I 9: ATfIf >C B 3 B?

!B ,

DC 9f9J>I

>C B? >C 3 B? >C B? >3 C B? >C 3 C B? !B ,

TDn C 3 C : EAJH 8DBB:

A3 C CA

>3 C C 3 C C?

A3 CA >C 3 C? >3 C C? ACA

A3 CA >3 C C? >C 3 C? ACA

A3 CA >C C? ACA

ACA >C C?

86G 3 :HI JC: 8DCIG68I>DC 9DC8 A3 CA ACA :I E6G 8DCHfFJ:CI C (

"CK:GH:B:CI BDCIGDCH FJ: H> C ( 6ADGH C * +:B6GFJDCH FJ: H> C ( C :HI >CK6G>6CI E6G 3 6ADGH C :HI 6JHH> >CK6G>6CI E6G AT69?D>CI 3 9: 3 86G >C B 3 B?

>C B? >C 3 B?

>C 3 C B?

!B ,

-=fDGeB:H :GFJ:H

(G 3 :HI 6JHH> JC: 8DCIG68I>DC 86G A3 A A

@ >3 A 3 A ? @ @>3 3 A A ?@ A3 3 A A AA A A3 A A AA A

%: BgB: G6>HDCC:B:CI FJ: EGf8f9:BB:CI BDCIG: FJ: A3 C CA 9DC8 FJ: C * DBB: ( :HI JC HDJH :HE68: K:8IDG>:A ;:GBf 9: AT:HE68: 9: !>A7:GI , DC 6 , ( ( ( * ,> A , 8DBB: , :HI HDBB: 9>G:8I: 9:H HDJH :HE68:H ( :I * A HTf8G>I 9: B6C>eG: JC>FJ: " P * A P / A DBB:

F 3 3 CA / A I

C

F 3 C 3 P / A / A I C F 3 3 C P I C

>A HJZI 9: BDCIG:G FJ: !A *

F 3 C 3 P -+. F I C

&6>H H> A + 8:A6 GfHJAI: 9: ATfIf F 3 C 3 A B 3 F B I I C

86G

F 3 3 C A ABA I I C

,> A * >A :M>H: JC: HJ>I: BA , I:AA: FJ: AA BA 3 BA :I AA A

%T>CfIf F F F 3 C 3 C 3 C 3 A 3 A AA 3 AA I I I C

C

C

BDCIG: FJ: A: B:B7G: 9: HFJ: AA A :I AA +


(4O;>N91 01 >O/A>>1:/1 ?@-@5?@5=A1 01 45:@/45:1 ,D>I 7 % JC :HE68: 9: EGD767>A>If 3 JC: 6EEA>86I>DC EGfH:GK6CI A6 B:HJG: )DJG 8=6FJ: % :I EDJG IDJI >A :M>HI: I I:A FJ: !H

"F # I H I H"

8 3 C

%>1AB1 T6EGeH A: I=fDGeB: 9: KDC ':JB6CC :I EDJG A6 CDGB: 9: + F 3 A ! "I A 3 $A @ - I A %6 B:HJG: fI6CI >CK6G>6CI: E6G 3 DC 6 EDJG IDJI H :CI>:G C6IJG:A F 3 A E A 3 A @ - I A )G:CDCH A :I EDHDCH 2F

F 3 3 A I A

%T>CfIf EGf8f9:CI: HTf8G>I :C8DG: A2F 3 E 2F A HD>I

A2F A >2F 2F 3 E ? : AT>CfIf

A 2F A 5 2F ?

F 5 3 3 A ? I A

A2F A

A2F A

DC :C 9f9J>I FJ:

A 2F A 2F 2F 3 E TDn

>2F 2F 3 E ?

F 3

3 B I AB

F 3

8 3 ABE I AB

8 3 AE

8 3 A B E

-=fDGeB:H :GFJ:H

(C EDH: F D E H DC 6 6ADGH E D # I I" :I 9DC8 F # I H I H" (4O;>N91 01 5>7;J ,D>I 7 % JC :HE68: 9: EGD767>A>If :I 3 JC: 6EEA>86I>DC B:HJG67A: 9: 7 7 EGfH:GK6CI A6 B:HJG: ADGH F 3 HK A 3 C A @ . I *

!A + 7

C

: EAJH H> 0A :HI 96CH + DC 6 6JHH> 8DCK:G 3 :HI :GFJ: B A ? %>1AB1 &DCIGDCH A6 8DCK:GB6A: E:GB:I 9Tf8G>G: 5 A ? = 9:

C 6EEA>FJ6CI 8: GfHJAI6I ` A6 ;DC8I>DC A 5 A ? < 9:

DC 9f9J>I FJ:

5 =

9:

A ? <

9:

)6G 8DCHfFJ:CI EDJG IDJI < :I = A6 B:HJG: 9: AT:CH:B7A:

9:

9:

:HI CJAA:

C EG:C6CI A6 GfJC>DC HJG A:H CDB7G:H G6I>DCC:AH 6 &

% 9: 9:

DC KD>I FJ: A:H A>B>I:H HJEfG>:JG: :I >C;fG>:JG: HDCI fI B 8:II: A>B>I: B :HI E H >CK6G>6CI: E6G 3 5 5 @B 3 B@ ? -+. @A 3 F A @ ? -+. AA A I I


9TDn B 3 B E H : EAJH B :HI >CIfCI:C6CI A6 8DCK:GI A + G:HE

+ ,> A :HI 7DGCf: @A @ < EG:HFJ: HoG:B:CI 6ADGH @2F @ < E H

2F

F 3 A 3C I C

%: I=fDGeB: 9: 8DCK:GCf: 6EEA>FJf ` A6 HJ>I: 2F BDCIG: FJ: 8:II: HJ>I: 8DCK:G A :HI FJ:A8DCFJ: 8DCH>9fGDCH 9 A6 ;DC8I>DC A IGDCFJf: ` < 9 S

! # < A S "
:HI K6A:JG EGDEG: H>BEA: 6ADGH A 3 A :CIG6iC: FJ: A :HI 8DCHI6CI:

DC8 3 :HI :GFJ:

%>1AB1 ,D>I A 3 A :I B 3 B DBB:

G6C9:H 9fK>6I>DCH

,D>I 7 JC :HE68: 8DBEA:I BfIG>FJ: HfE6G67A: & A6 IG>7J 9:H 7DGfA>:CH :I

F JC: HJ>I: 9: EGD767>A>IfH HJG & (C 9>I FJ: A6 HJ>I: F 6 A6 EGDEG>fIf 9: 6I>DCH HT>A :M>HI: JC: HJ>I: 8GD>HH6CI: 9: CDB7G:H EDH>I>;H DC (S 9: 7 96CH " # 6EE:Af: ;DC8I>DC :CIGDE>: 9: A6 HJ>I:

F I:AA: FJ: (S :HI H:B> 8DCI>CJ: >C;fG>:JG:B:CI EDJG IDJI = AT:CH:B7A: <S < (S == :HI 8DBE68I EDJG IDJI 8DBE68I * 9: 7 -+. 351 -0) F * +/( (S F P) If 9: AT:CIGDE>: EDJG JC :HE68: EDADC6>H > : JC :HE68: BfIG>H67A: ` 76H: 9fCDB7G67A: )AJH EGf8>HfB:CI (4O;>N91 ,D>I 7 JC :HE68: EDADC6>H & A6 IG>7J 9:H 7DGfA>:CH :I F JC: HJ>I: 9: EGD767>A>IfH HJG & ,T>A :M>HI: JC: HJ>I: fIf 9: 6I>DCH 6K:8 JC: :CIGDE>: (S :I 6K:8 JC: :CIGDE>: )S 6ADGH A:H 9:JM ;DC8I>DCH 8DjC8>9:CI (S )S EDJG IDJI S 7

,D>I 7 7 7F JC: HJ>I: 9: K6G>67A:H 6Af6ID>G:H >C9fE:C96CI:H 9: BgB: AD> ` K6A:JGH 96CH < (C CDI: A6 EGD767>A>If HJG < 9TJC: 9:H K6G>67A:H 7B :I F A6 EGD767>A>If 9: A6 HJ>I: 2F I Dn 2F 7 7F )DJG O < DC 9fRC>I A6 ;DC8I>DC AD< A6EA68: DJ fC:G: A>7G: 9: E6G 5 @&LP' ? S O -0) '71 >O 7? -0)

(C 9fRC>I A6 IG6CH;DGBf: 9: %:I>K: 8DCK:M: H:B> 8DCI>CJ: >C;fG>:JG:B:CI (C 69B:IIG6 A: GfHJAI6I HJ>K6CI

"C;DGB6I>DC :I :CIGDE>:

(4O;>N91 %:H EGD767>A>IfH F 9: 2F I DCI A6 EGDEG>fIf 9: 6I>DCH EDJG A6 HJ>I: DC :CIGDE>: (S S )AJH EGf8>HfB:CI EDJG IDJI ;:GBf % 9: < -+. F

-0) F % +/( S P$ I

:I EDJG IDJI DJK:GI 4 9: < -+. F

-0) F 4 +/( S P2 I

D19A>If %6 ;DC8I>DC AD< A6EA68: K6JI O -0) @L %6 ;DC8I>DC OS O 6II:>CI HDC HJEG:BJB :C O H> ?OS O?O 8T:HI ` 9>G: H> S O @L @L FJ> K6G>: 96CH " # DC8 H> S " # A6 ;DC8I>DC O K6JI S 6J ED>CI O -0)S S TDn A6 IG6CH;DGBf: 9: %:DC :I :CIGDE>: ,D>I 7 JC: K6G>67A: 6Af6ID>G: 9: 9:CH>If KS DC 6EE:AA: -667A: 7 A6 FJ6CI>If 5 '7 KS -0) KS?S


6K:8 A6 8DCK:CI>DC S -0) S H> S ,> 7 :HI JC: K6G>67A: 6Af6ID>G: 9>H8GeI: 3 '7 KS -0) KS %T:CIGDE>: :HI 9fRC>: ` JC: 8DCHI6CI: EGeH %:H E=NH>8>:CH EG:CC:CI A6 8DCHI6CI: 9: DAIOB6CC

D1967A: 9: :GCDJAA> 7 6K:8 A6 EGD767>A>If K :I 7 6K:8 A6 EGD767>A>If K AT:CIGDE>: K6JI '7 K -0) K K -0) K %>;67A:H 6Af6ID>G:H 7 :I 8 DC 6 '7 8 '7 '8 6K:8 fIf H> :I H:JA:B:CI H> 7 :I 8 HDCI >C9fE:C96CI:H

(C 9fRC>I AT-6I 7 JC: K6G>67A: 6Af6ID>G: 9: 9:CH>If KS :I 8 JC: K6G>67A: 6Af6ID>G: 9: 9:CH>If LS DC 6EE:AA: ,1;If 5 KS ?S #7 8 KS -0) LS :I 16.7:5)C;DGB6I>DC BJIJ:AA: :HI EDH>I>K: DJ CJAA: (7 8 6K:8 fIf H> :I H:JA:B:CI H> 7 :I 8 HDCI >C9fE:C96CI:H %DGHFJ: 7 8 DC G:IGDJK: A6 CDI>DC 9T:CIGDE>: (7 7 '7 (C 6 A:H EGDEG>fIfH HJ>K6CI:H (7 8 '7 '7 @ 8 '8 '8 @ 7

:I


(7 8 (8 7 '7 '8 '7 8

)DJG I K6G>67A:H 6Af6ID>G:H AT:CIGDE>: 9: A6 AD> ?D>CI: :HI >C;fG>:JG: ` A6 HDBB: 9:H :CIGDE>:H >C9>K>9J:AA:H '7 7 7F '7 '7F 6K:8 fIf H> :I H:JA:B:CI H> A:H K6G>67A:H 7 7 7F HDCI >C9fE:C 96CI:H

CIGDE>: 9TJC: E6GI>I>DC .C: E6GI>I>DC A A' 9: AT:HE68: 9: EGD767>A>If 7 % :HI JC: HJ>I: 9TfAfB:CIH A 9: A6 IG>7J % I:AH FJ: A 8 B :I 7B 7 B ,> :I HDCI 9:JM E6GI>I>DCH DC 9>I FJ: H> :I H:JA:B:CI H> EDJG IDJI B >A :M>HI: JC fAfB:CI A 9: I:AH FJ: B A (C CDI: : A6 EAJH E:I>I: E6GI>I>DC 8DCI:C6CI :I

: I AT>C;DGB6I>DC 9: A6 E6GI>I>DC 6J ED>CI S 3 (S S -0) A A'

:I AT:CIGDE>: 9: A6 E6GI>I>DC E6G AT:MEG:HH>DC 5 (S? S ' (S 5 3

A -0) A A'

6K:8 IDJ?DJGH A6 8DCK:CI>DC S -0) S H> S ,> & :HI JC: HDJH IG>7J 9: % DC 9fRC>I AT-6DCH :I AT:CIGDE>: 8DC9>I>DCC:AA: 9: A6 E6GI>I>DC G:A6 I>K:B:CI ` A6 E6GI>I>DC :HI 9fRC>: 8DBB: fI6CI AT:CIGDE>: 8DC9>I>DCC:AA: 9: G:A6I>K:B:CI ` A6 IG>7J :C A A' :I B B( DC 6 33

A 8 B ' @

A 8 B -0)

B A' B(


(C :C 9f9J>I A:H EGDEG>fIfH fK>9:CI:H HJ>K6CI:H ' @ 7 ' :I ' @ H> :I H:JA:B:CI H>

%>;5O@O? ,D>I 9:H E6GI>I>DCH DC 6 A:H EGDEG>fIfH HJ>K6CI:H ( : @ ( @ ( @ :

' : @ ' @ ' @ :

' : ' ' @

,> 6ADGH ' : @ ' @

,> 6ADGH ' @ ' @

%>1AB1 ,D>I S JC fAfB:CI 9: ( : @ S

8

8 ! AT>C;DGB6I>DC

8 8 !

!

8 !

8 8 ! -0) -0)

!

8 ! ( @ S ( @ : S -0)

)6G >CIfDC DC :C 9f9J>I A6 BgB: :MEG:HH>DC HJG A:H :CIGDE>:H C G:BEA6d6CI E6G AT:HE68: IDI6A 7 96CH DC D7I>:CI

%>;5O@O? ,D>I 9:H E6GI>I>DCH DC 6 A:H EGDEG>fIfH HJ>K6CI:H ,> 6ADGH ' @ ' @

' : @ ' @ ' @

C E6GI>8JA>:G H> 7 DC 6 ' ' @

' : ' '

%>1AB1 +:B6GFJDCH IDJI 9T67DG9 FJ: AT>CfIf ( @ ( @ CT:HI E6H IDJ?DJGH KG6>: %6 ;DC8I>DC O O -0) O EGDADCDC 8DC86K: %T>CfIf 9: #:CH:C A A 9DCC: :C EG:C6CI AT:HEfG6C8: 9: 8=6FJ: B:B7G: A A ,D>I & JC: HDJH IG>7J 9: & :I A A6 ;DC8I>DC A @ & DBB: A @ & AT>CfIf 9: #:CH:C HTf8G>I 5 5

@ & -0) @ &?

@ & -0) @ & ? 5

5


)6G 8DCHfFJ:CI H> & & ' @ & ' @ & DC :C 9f9J>I C JI>A>H6CI A6 G:A6I>DC ' : @ ' @ ' @ : :I EJ>HFJ: : ' @ ' @ : DC :C 9f9J>I

!1991 4A:3 ,D>I JC: E6GI>I>DC 9T:CIGDE>: RC>: :I &F JC: HJ>I: 9: HDJH IG>7JH 8GD>HH6CI:H 9: % DC 6 5 351( @ &F ? ' F

5

%>1AB1 (C EDH: A 351( @ &F :I % O <S 7 A S O= (C 6 F

5 5

5 5 A ? O?% O "O% O# % O?O 5 % O?O

T6JIG: E6GI % O

S 7 351 F

3

S -0) A @ &F O

3

A 8 <S 7 +/( A @ &F @L =

F

(G

A 8 <S 7 +/( A @ &F @L = F

Dn DBB:

3

F

F 5 3 F %

A @ &F ?

F S 7 A @ &F @L A @ &C @L F I 5 %

A @ &F ? @L F

CIGDE>: :I 6EEA>86I>DCH :GFJ:H DC 6

3

A 8 F @L

F

9TDn DC 9f9J>I FJ: 3

% O

.+/ A @L

:I RC6A:B:CI 5

% O?O

35

3

.+/ A @L ?O

A -0) A A

'

(4O;>N91 ,D>I JC: E6GI>I>DC 9T:CIGDE>: RC>: :I &F JC: HJ>I: 9: IG>7JH 8GD>HH6CI:H K:GH & %T>C;DGB6I>DC 8DCK:G: KfG>R: -+. ' @ &F ' @ & F

%>1AB1 &DCIGDCH A6 8DCK:GDC >CIf A :HI JC: ;DC8I>DC >C9>86IG>8: A @ &F

@ &F @ & TDn ( @ &F

3

@ &F

3

@ & ( @ &

)DJG 9fBDCIG:G A6 8DCK:GA>H: A: A:BB: 9: =JC< 5 5

351( @ &F ? F

*

:I 9T6EGeH A: I=fDGeB: 9: 8DCK:GCf: ( @ &F ( @ & 8: FJ> I:GB>C: A6 9fBDCHIG6I>DC


,D>I JC: E6GI>I>DC 9T:CIGDE>: RC>: :I 3 7 7 JC: 6EEA>86I>DC B: HJG67A: HJG AT:HE68: 9: EGD767>A>If 7 % (C 9fRC>I H> A A' A6 E6GI>I>DC 3 F 3AF A' :I A6 E6GI>I>DC 8

3 A

A

(C EDH:

C 3 ' @ '

8

@

A

3

A

%>; 3 EGfH:GK: A6 B:HJG: DC 6

:I

( @ 3 ( 3 @ 3

( 3 ( 3

' @ 3 ( 3 @ 3

( 3 ( 3

%>1AB1 (C KfG>R: 8:H G:A6I>DCH :C JI>A>H6CI A: ;6>I FJ: AT6EEA>86I>DC 3 :HI >CK6G>6CI: EDJG A6 B:HJG: ( @ 3

3

3 -0)

8 !

1 -0)

3 8 3 !

3

3

( 3 @ 3

(4O;>N91 '4-::;:"/ "588-:>159-: ,D>I 7 % 3 JC HNH IeB: 9NC6B>FJ: :I JC: E6GI>I>DC 9T:CIGDE>: RC>: ' (C CDI: . A6 IG>7J 9:H >CK6G>6CIH E6G AT6EEA>86I>DC 3 . < :I F

8

% 3

E H =

3 A 6ADGH

AF

* ( F ( @ @ . E H

I :II: FJ6CI>If K6JI C 3 H> 3 :HI :GFJ: :I E H

' F C 3 I


C E6GI>8JA>:G H> 3 :HI :GFJ: *

F C 3 E H

I %>1AB1 C JI>A>H6CI A:H EGDEG>fIfH 9: AT>C;DGB6I>DC DC 6 8 8 8 A A A 3 ( @ 3 ( 3 (F ( AF

(

@

8

3 A

(

F

F 8

AF

3 A

3

AF

F

AF AF 3 A 3

Dn DC 6 EDHf A ( :I AC (

8 @ 3 A

C

,> 9: EAJH DC CDI: A ( @ DC 6 A6 B6?DG6I>DC F 3 3 F C (F A AFC 3 C A 3 F A 3 A I I I C

C

%: 9:JM>eB: I:GB: I:C9 K:GH EG:HFJ: HoG:B:CI :I 96CH + E6G A: I=fD GeB: 9: >G@=D[ "A G:HI: 9DC8 ` BDCIG:G A6 8DCK:G:G I:GB:

&DCIGDCH IDJI 9T67DG9 A6 8DCK:G:G I:GB: :I >CIfI>DC

&DCIGDCH B6>CI:C6CI A6 8DCK:G :HI >CIfI: &F I:C9 K:GH :C 9f8GD>HH6CI : A6 B6?DG6I>DC F

3 @AFC A @ 3 C I C 5 FE F 5 3 3 @AFC A @ 3 C @AFC A @ 3 C I I 5 5 C

I

CFE

FE 3

&E 3 C

C

I

F 3

& 3 C

CFE

:I 9: AT6EEA>86I>DC 9J I=fDGeB: 9: >G@=D[ EDJG IDJI :CI>:G H CDC CJA F

-+.

3 @AFC A @ 3 C &E @ . I C

DC :C 9f9J>I A6 8DCK:GN91 ,D>I 7 % 3 JC HNHIeB: 9NC6B>FJ: :I 9:JM E6GI>I>DCH 9T:CIGDE>: RC>: (C 6 A:H EGDEG>fIfH HJ>K6CI:H C 3 C 3 ' @ C : 3 C 3 C 3 ,> 6ADGH C 3 C 3 %>1AB1 &DCIGDCH (C 6

8

'

A

3

'

AF

8

'

'

A

3

8

AF

'

3 :

3

3 CF

8

A

3 @

3

8

A

3

AF

'

A

AF

AF

A

8

A

AF

AF

8

A

3 @

8 AF

A

3


8

'

A

3

AF

8

'

F 3

' I

8

3 A

AF

)6G 8DCHfFJ:CI

C

A

3

F 3

' @

C

' I

8

3 A

' @

AF

C 3 C 3 ' @

&DCIGDCH

A

3 :

AF

8

'

8

'

'

' 3 A @ 3 A

8

AF

TDn

' 3 A @ 3 A

CF

AF

'

3

3 A

3 :

AF

8

A

3

'

AF

'

8

3 A

8

A

A

3

AF 8

3 @

AF

'

AF

8

A

A

3

AF 8

3 A

AF

C 9>K>H6CI E6G I :I :C E6HH6CI ` A6 A>B>I: C : 3 C 3 C 3 %6 EGDEG>fIf 9f8DJA: 9:H EGDEG>fIfH EGf8f9:CI:H

,D>I 7 % 3 JC HNHIeB: 9NC6B>FJ: (C 9fRC>I C 3 8DBB: A: HJEG:BJB HJG IDJI:H A:H E6GI>I>DCH 9T:CIGDE>: RC>: 9: C 3

C 3

351

&

C 3

C 3 :HI CJA H> :I H:JA:B:CI H> EDJG IDJI: E6GI>I>DC 9T:CIGDE>: RC>: ' @ 8T:HI ` 9>G: H> :I H:JA:B:CI H> IDJI: E6GI>I>DC 9T:CIGDE>: RC>: :HI >C8AJ: 96CH


(4O;>N91 ,D>I 7 % 3 JC HNHIeB: 9NC6B>FJ: :I JC: E6GI>I>DC 9T:CIGDE>: RC>: )DJG IDJI :CI>:G F 8 A C F C 3 C 3 3 AC

:I

C 3 C FC 3

,T>A :M>HI: JC :CI>:G CDC CJA K I:A FJ: 3 H HD>I AT>9:CI>If 6ADGH C 3 ,> 9: EAJH 3 :HI 7>?:8I>K: C 3 C 3 :I C 3 C 3 )DJG IDJI :CI>:G G:A6I>; F DC 6 C 3 C @F@ C 3 %>1AB1 (C 6

C

8

A

C

3 3

AC

8 8 3 CB 3 A & -+. ' % F I BC

-+. ' F I

AC

8

A

3

FC

' F -+. F IF

8

A

3

FC

F C 3

: A6 B6?DG6I>DC C 3 C FC 3 DC 9f9J>I FJ: C 3 C FC 3

: EAJH FC 3

F 351 C 3 8 A C 351 C 3 3 C 3 C AC

: 8:H 9:JM >CfIfH DC 9f9J>I FJ: C 3 C FC 3 ,JEEDHDCH 3 7>?:8I>K: (C 6 C 3 -+. ' I

F 8 A

3 A

CIGDE>: :I 6EEA>86I>DCH :GFJ:H DBB: '

F 8

A

3

A

(

3

(

(

F

F 8

A

3

A

8

A

3

F

8

A

3

3

F

( '

8

F

A

3

F 8

3 A

AF

C 9>K>H6CI E6G I :I :C EG:C6CI A6 A>B>I: DC KD>I FJ: C 3 C 3 : FJ> :HI A: GfHJAI6I 6CCDC8f EDJG 3 7>?:8I>K:

OG:5@5;: ,D>I 7 % 3 JC HNHIeB: 9NC6B>FJ: (C HJEEDH: FJ: 3 :HI 7>?:8I>K: (C 9>I FJ: A6 E6GI>I>DC :HI /L6L:) A6 IG>7J :CN91 ;89;3;>;B'5:-R ,D>I 7 % 3 JC HNHIeB: 9NC6B>FJ:

(C HJEEDH: FJ: 3 :HI 7>?:8I>K: ,D>I JC: E6GI>I>DC 8: 9T:CIGDE>: RC>: (C 6 C 3 C 3 %>1AB1 ,D>I JC: E6GI>I>DC 9T:CIGDE>: RC>: >C8AJH: 96CH 1 C C 8 8 A A C 3 C 3 3 C @ 3 C

(G C

C 8 C

A

3 3

-+. ' F I

C

8

F

3

B

C 8 C

A

3

CIGDE>: 9TJC: E6GI>I>DC C 8 A -+. ' 3 F I FC 8 A -+. ' 3 C 3 F I F C

(C 6 9DC8

C 3 C 3 C

@

C 8

3 A

C

%DGHFJ: F I:C9 K:GH AT>CRC> A: H:8DC9 I:GB: I:C9 K:GH ' @ 1 )6G 8DCHfFJ:CI C 3 C 3 %T>CfIf >CK:GH: HTD7I>:CI :C f8G>K6CI C 3 351 C 3 C 3

(C :C 9f9J>I 9DC8 FJ: C 3 C 3

(4O;>N91 .>-9;B ,D>I 7 % 3 JC HNHIeB: 9NC6B>FJ: :I F JC: HJ>I: 9: E6GI>I>DCH 9T:CIGDE>: RC>: I:AA: FJ: A:H IG>7JH F I:C9:CI :C 8GD>HH6CI K:GH % ADGH -+. C F 3 C 3 F

%>1AB1 ,> :HI JC: E6GI>I>DC 9T:CIGDE>: RC>: DC 6 C 3 C F 3 ' @ F DBB: ' @ F ' @ % DC 6 C 3 -+. C F 3 TDn DC 9f9J>I C 3 351 C 3 -+. C F 3 C 3 : FJ> fI67A>I A6 A>B>I: 8=:G8=f:

;>;88-5>1 ,D>I 7 % 3 :I 7 % 3 9:JM HNHIeB:H 9NC6B>FJ:H

(C 9fRC>I A: EGD9J>I I:CHDG>:A E6G 3 3 S S 3 S 3 S ADGH C 3 3 C 3 C 3 %>1AB1 ,D>I F JC: HJ>I: 9: E6GI>I>DCH 9T:CIGDE>: RC>: I:AA: FJ: A:H IG>7JH F I:C9:CI :C 8GD>HH6CI K:GH % :I F JC: HJ>I: 9: E6GI>I>DCH 9T:CIGDE>:


RC>: I:AA: FJ: A:H IG>7JH F I:C9:CI :C 8GD>HH6CI K:GH % fRC>HHDCH A: EGD9J>I 9: 9:JM E6GI>I>DCH E6G < ! ! = (C 6 C F F 3 3 C F 3 C F 3 T6EGeH A: I=fDGeB: EGf8f9:CI :C EG:C6CI A6 A>B>I: DC D7I>:CI ATfIf 8=:G8=f: C 3 3 C 3 C 3 OG:5@5;: %: HNHIeB: 9NC6B>FJ: 7 % 3 :HI JC ;A; 3 :HI 7>?:8I>K: :I HT>A :M>HI: JC: HDJH IG>7J * 9: % I:AA: FJ: 3 * * -+. 3 F * %

F

-+. 3 F * 1

F

Dn 1 :HI A6 IG>7J 9:H CfHB:

% = (C 9>I 6JHH>

OG:5@5;: ,D>I 7 % 3 JC HNHIeB: 9NC6B>FJ: (C 6EE:AA: I: IG>7J :CN91 &;485:'5:-R ,D>I 7 % 3 JC HNHIeB: 9NC6B>FJ: "A :M>HI: JC: HDJH IG>7J * 9: % I:AA: FJ: 3 * * 3 F * 8DCK:GHH6CI :I 3 F * 8DCK:GHH6CI

(4O;>N91 ,D>I 3 JC: 6EEA>86I>DC 7>?:8I>K: )DJG FJ: A: HNHIeB: 9NC6 B>FJ: 7 % 3 HD>I JC * HNHIeB: >A ;6JI :I >A HJZI FJ: EDJG IDJI: E6GI>I>DC 9T:CIGDE>: RC>: CDC Gf9J>I: ` 7 DC 6>I C 3 JIG: B:CI 9>I FJ: A6 IG>7J 9: )>CH@:G HD>I f7J 9:H CfN91 .C * HNHIeB: :HI BfA6C7A:B:CI BfA6C: :I GfK:GH>7>A>If ,D>I 7 % 3 JC HNHIeB: 9NC6B>FJ: %T78L:)H6CI EDJG IDJI: ;DC8I>DC B + 7 5 5 / A B? A B3 ? 5

5


,D>I Q JC: B:HJG: 3 >CK6G>6CI: fFJ>K6A:CI: ` :GFJ: (C 6 / 0 )DJG IDJI: ;DC8I>DC A + 7 I:AA: FJ: 5 A ? A:H >IfGf:H 9: ATDEfG6I:JG 9: IG6CH;:GI 8DCK:GIf

-+. /F A F

%TDEfG6I:JG G:A6I>; ` A6 B:HJG: Q :HI A>f ` ATDEfG6I:JG 9: IG6CH;:GI G:A6I>; ` A6 B:HJG: E6G A6 G:A6I>DC /N A / A ,JG BJC> 9: A6 IG>7J 9:H 7DGfA>:CH G:A6I>K:B:CI ` A6 B:HJG: 9: %:7:H<J: AT6EEA>86I>DC T 3 S 9DCI CDJH HDJ=6>IDCH fIJ9>:G A:H >IfGf:H SF 3 SF 6 JC: 9:CH>If KfG>R6CI 5 /T T 3 SS?S 3

P1 Q

S @3 S@

%6 HDBB: :HI fI:C9J: ` IDJH A:H S FJ> 6EE6GI>:CC:CI ` AT>B6I ` AT:CH:B7A: <S T 3 S= D1986I>DC IG>6C<JA6>G: HJG " # 3 S S H> S :I A S S H> S %6 9fG>Kf: K6JI EDJG IDJI S :I A:H >B6If KfG>R: ATfFJ6I>DC /T

T T T

9TDn DC 9f9J>I FJ: T %T6EEA>86I>DC 9: .A6B 9fRC>: HJG 7 " # E6G 3 S S 6 JC: 9:CH>If FJ> KfG>R: A A A T T T /T T 9TDn T

? T

%T6EEA>86I>DC 3 FJ> >CI:GK>:CI 96CH A: 9fK:ADEE:B:CI :C ;G68I>DCH 8DCI> CJ:H 3 S S S


Dn "S# 9fH>: :CI>eG: 9: S " # 69B:I 8DBB: >B6If :HI HDAJI>DC 9: ATfFJ6I>DC /T

3

T I F

TDn DC 9f9J>I T

TI

TI

T

T -/

%T6EEA>86I>DC +=;8 3 S @S@ HJG 7 " # EGfH:CI: JC ED>CI 9: G:7GDJHH:B:CI :C %TDEfG6I:JG 9: IG6CH;:GI KfG>R: T T T T /T 9TDn T

T

(4O;>N91 ;>9A81 01 &;485: ,D>I 7 % 3 JC HNHIeB: 9NC6 B>FJ: (C HJEEDH: FJT>A :M>HI: JC: JC>FJ: B:HJG: 9: EGD767>A>If :GFJ: Q fFJ>K6A:CI: ` ,DJH A:H =NEDI=eH:H 9T:CIGDE>: RC>: ' :I FJ: 3 HD>I 9>[fG:CI>67A: 9: ?68D7>:C #3 I:A FJ: -0) @&'4 #3 @ + 7 DC 6 A6 ;DGBJA: 9: +D=A>C 5 -0) @&'4 #3 @ ?Q CN 3 5

(4O;>N91 %>5:/55-@5;::18 01 8- 1??5;: @; :HI JC: E6GI>I>DC RC>: :I H> A: EDI:CI>:A -0) @&'4 #3 @ :HI JC: ;DC8I>DC 8DCI>CJ: E6G BDG8:6JM 6ADGH >A :M>HI: JC: JC>FJ: B:HJG: Q 3 >CK6G>6CI: I:AA: FJ: 5 5 ?Q 351 CE 3 ?H CN 3 5

E

5

Dn A: HJEG:BJB :HI EG>H HJG AT:CH:B7A: 9:H B:HJG:H H 9: EGD767>A>If 3 >CK6G>6CI: HJG 7 %: B:B7G: 9: 9GD>I: 9fRC>I AT-66CI: KfG>R6CI 8:II: fIf :HI 6EE:Af: 5-;=:- ,EL9=1 41*:-


D19 A6 ;DGBJA: 9: +D=A>C :HI KG6>: 6ADGH Q :HI ATJC>FJ: B:HJG: 9: EGD767>A>If 3 >CK6G>6CI: I:AA: FJ: / )DJG JC :HE68: 9>H8G:I ATDEfG6I:JG 9: IG6CH;:GI / T

3

P1 Q

3

S @&'4 #3 @

S '71 S

P1 Q

C >IfG6CI EDJG JC :CI>:G I CDC CJA DC D7I>:CI 3 S@0% P /F T P1 Q

6K:8 2F

F 3

3C

C

)DJG JC: E6GI>I>DC 9: AT:HE68: 7 A6 EG:HH>DC IDEDADFJ: 3 / -+. -0) % @0% ! & F I !

C I:GB:H E=NH>FJ:H H> DC CDI: $B ATfC:G: $B

2F B

6ADGH A6 EG:HH>DC IDEDADFJ: 8DGG:HEDC9 ` JC: fC:G: A>7G: CfK: 3 / -+. -0) % @#! & -+. %F F I F I B %: EG>C8>E: I=:GBD9NC6B>FJ: 9J B>C>BJB 9: ATfC:G: A>7G: fFJ>K6JI >8> 6J B6M>BJB 9: A6 EG:HH>DC IDEDADFJ:

,D>I Q JC: B:HJG: 9: 9:CH>If S G:A6I>K:B:CI ` A6 B:HJG: 9: %:7:H<J: ?Q S?S :HI E6G6BfIGf: E6G G6EEDGI ` A6 I:BEfG6IJG: F 3 (C 9fRC>I AT:CIGDE>: E6G 5 * -/ S?S 5 %DGHFJ: 8:II: :MEG:HH>DC CDIf: H>BEA:B:CI * * :HI AT-6: 9: $DABDC6j


(4O;>N91 %T:CIGDE>: * :HI A>f: ` A6 EG:HH>DC IDEDADFJ: E6G A6 G:A6I>DC / / * C E6GI>8JA>:G EDJG *

/

Dn / :HI 6EE:Af: A: I 3 JC 9>[fDBDGE=>HB: 9: 8A6HH: " HJG JC: K6G>fIf G>:B6C>:CC: , 8DBE68I :I A>HH: :I Q JC: B:HJG: 9: EGD767>A>If >CK6G>6CI: HJG , .C ED>CI S , :HI JC 8716< :L/=41-: 9: 3 HT>A :M>HI: 9:H CDB7G:H S S < S :I JC: 9f8DBEDH>I>DC 6EE:Af: ,L+7587;1DC FA S &+. $A S 9J HDJH :HE68: $A S :HI A6 BJAI>EA>8>If 9: AT:MEDH6CI 9: %N6EJCDK A S %: ;8-+ :HI AT:CH:B7A: ,E S C9fE:C96CIH 9: S

(C 9fRC>I 6ADGH A: HE:8IG: 9: A6 B:HJG: E6G AT:CH:B7A: 9:H :MEDH6CIH 9: %N6EJCDK :I 9: A:JG BJAI>EA>8>If ,E [fDBDGE=>HB: 9: 8A6HH: " HJG JC: K6G>fIf G>:B6C>:CC: , 8DBE68I :I A>HH: 6ADGH EDJG IDJI: B:HJG: 9: EGD767>A>If 3 >CK6G>6CI: HJG , AT:CH:B7A: 9:H ED>CIH Gf<JA>:GH :HI 9: B:HJG:

(C 9fRC>I A6 HDBB: 9:H 8D:Z8>:CIH 9: %N6EJCDK EDH>I>;H 8DBEIfH 6K:8 A:JG BJAI>EA>8>If E6G 3 S A SFA S P

:I S H> IDJH A:H 8D:Z8>:CIH 9: %N6EJCDK HDCI Cf;H


(4O;>N91 :O3-85@O 01 "->3A85?&A1881 ,> 3 :HI JC 9>[fDBDG E=>HB: 9: 8A6HH: " HJG JC: K6G>fIf G>:B6C>:CC: , 8DBE68I :I A>HH: :I Q JC: B:HJG: 9: EGD767>A>If 3 >CK6G>6CI: HJG , 6ADGH 6K:8 A:H CDI6I>DCH EGf8f9:CI:H AT:CIGDE>: IDEDADFJ: :HI B6?DGf: E6G 5 S?QS CN 3 +

(4O;>N91 %O?5: ,> 3 :HI JC 9>[fDBDGE=>HB: 9: 8A6HH: " :I H> Q :HI JC: B:HJG: 9: EGD767>A>If 3 >CK6G>6CI: 67HDAJB:CI 8DCI>CJ: E6G G6EEDGI ` A6 B:HJG: 9: %:7:H<J: HJG , 6ADGH AT:CIGDE>: IDEDADFJ: :HI 9DCCf: E6G A6 ;DGBJA: 9: )fH>C 5 S?QS CN 3 +

D19FJ: =NE:G7DA>FJ: 9: 9>B:CH>DC AT:C IGDE>: 9: $DABDC6j :HI A6 HDBB: 9:H 8D:Z8>:CIH 9: %N6EJCDK ED H>I>;H 9>B>CJf: 9J I6JM 9Tf8=6EE:B:CI

*

/ /

,D>I 7 JC >CI:GK6AA: 9: :I 3 7 DC 8DCH>9eG: A:H >IfGf:H SF 3 SF ,> 3 :HI :GFJ: A: 8D:Z8>:CI 9: %N6EJCDK :HI 9DCCf E6G F

3 -/ @3 SC @ F I

-+.

C

5 5

S -/ @3 S@ ?S

)DJG AT6EEA>86I>DC 9: .A6B 3 S S A: 8D:Z8>:CI 9: %N6EJCDK 5

-/ @S@ C ?S -/ S

)DJG A: 8=6I 9TGCDA9 A: HNHIeB: :HI 9fRC> HJG 7 " # E6G SF SF TF .0& .0& TF SF TF Dn S .0& S "S# :HI A6 K6A:JG S 9>B>CJf: 9: H6 E6GI>: :CI>eG: %: ?68D7>:C 9: 3 S T S T "S T# S T "S T# :HI #3


C "A 6 9:JM K6A:JGH EGDEG:H FJ> 8DGG:HEDC9:CI 6JM 8D:Z8>:CIH 9: %N6EJCDK 9J HNHIeB: C C -/ -/ ,D>I 3 :HI JC 9>[fDBDGE=>HB: 9: 8A6HH: " :I Q JC: B:HJG: 3 >CK6G>6CI: (C 9>I FJ: Q :HI JC: 5-;=:- 0A8-:*7419=- G:A6I>K:B:CI ` 3 H> A S EDJG Q EG:HFJ: IDJI S , :I IDJI D ?

(4O;>N91 ->>15>-%O?5: ,D>I 3 JC 9>[fDBDGE=>HB: 9: 8A6HH: " :I Q JC: B:HJG: :GFJ: =NE:G7DA>FJ: "A :M>HI: JC: 8DCHI6CI: ? I:AA: FJ: EDJG Q EG:HFJ: IDJI S 9: , -+.

J

-0) Q!S M ? M

Dn !S M :HI A6 7DJA: 9: 8:CIG: S :I 9: G6NDC M

%6 8DCHI6CI: ? 8DjC8>9: 6K:8 A6 9>B:CH>DC 9: !6JH9DG[

,D>I , HJG JC: K6G>fIf 8DBE68I: A>HH: 9: 9>B:CH>DC H :I 3 JC 9>[fDBDG E=>HB: HJG , (C HDJ=6>I: fIJ9>:G A: HNHIeB: 9NC6B>FJ: S 3 S (C 9>I FJTJC ED>CI S 9: , :HI EfG>D9>FJ: 9: EfG>D9: K H> 3 H S S ,> K S :HI JC ED>CI RM: 9: 3 (C 9>I FJ: A: ED>CI RM: S :HI 0A8-:*7419=H> AT6EEA>86I>DC I6CFJ: 8T:HI ` 9>G: H> A:H K6A:JGH EGDEG:H 9: AT6EEA>86I>DC I6C[fG:CI 9: )AJH CI EfG>D9>FJ: S 9: EfG>D9: K :HI =NE:G7DA>FJ: H> S :HI JC ED>CI RM: =NE:G7DA>FJ: 9: 3 H ,D>I S JC ED>CI RM: =NE:G7DA>FJ: A6 K6G>fIf HI67A: 6 K S 6J ED>CI S :HI AT:CH:B7A: 6 K S I A6 K6G>fIf HI67A: EDJG JC ED>CI S EfG>D9>FJ: 9: EfG>D9: K :C G:BEA6d6CI 3 E6G 3 H %6 K6G>fIf >CHI67A: 6 M S :HI A6 K6G>fIf HI67A: 9: 3 H :C S (C 9fBDCIG: FJT>A :M>HI: 9:H B:HJG:H 8DC9>I>DCC:AA:H QM HJG A:H K6G>fIfH >CHI67A:H :I QK HJG A:H K6G>fIfH HI67A:H (C HT>CIfG:HH: ` JC: 8A6HH: E6GI>8JA>eG: 9: B:HJG:H FJ> C: HDCI E6H Cf8:HH6>G:B:CI =NE:G7DA>FJ:H .C: B:HJG: Q >CK6G>6CI: :HI JC: 5-;=:- ! 9: ,>C6j +J:AA: DL:C H> 3 6 6J BD>CH JC :MEDH6CI 9: %N6EJCDK CDC CJA Q EG:HFJ: E6GIDJI :I H> A:H B:HJG:H QM 9:H K6G>fIfH >CHI67A:H HDCI 67HDAJB:CI 8DCI>CJ:H E6G G6EEDGI ` A6 B:HJG: KDAJB: 9: A6 K6G>fIf G>:B6C>:CC: (C 9fBDCIG: FJTJC: B:HJG: =NE:G7DA>FJ: 67HDAJB:CI 8DCI>CJ: G:A6I>K:B:CI 6J KDAJB: G>:B6CC>:C :I >CK6G>6CI: HDJH JC 9>[fDBDGE=>HB: 9: 8A6HH: " :HI JC: B:HJG: ,+ %: GfHJAI6I HJ>K6CI 86G68IfG>H: A:H B:HJG:H ,+

M:G8>8:H

(4O;>N91 !10>-I Q JC: B:HJG: 9: DG:A >CK6G>6CI: E6G JC 9>[fDBDGE=>HB: 3 9: 8A6HH: " %T:CIGDE>: IDEDADFJ: :HI 9DCCf: E6G A6 ;DGBJA: 9: )fH>C H> :I H:JA:B:CI H> Q :HI JC: B:HJG: ,+

.C 9>[fDBDGE=>HB: :HI JC ,1GL757:801;5- ,E67;7> H> AT6EEA>86I>DC I6CFJ: :I HT>A 9fI:GB>C: JC: 9f8DBEDH>I>DC CDC IG>K>6A: 9: 3 , (C 9fBDCIG: FJ: H> 3 :HI JC 9>[fDBDGE=>HB: 9TCDHDK EDH Hf96CI JC: B:HJG: 9: %:7:H<J: >CK6G>6CI: 6ADGH AT:CH:B7A: 9:H ED>CIH Ef G>D9>FJ:H 9: 3 :HI E6GIDJI 9:CH: 96CH , :I 3 :HI :GFJ: ,D>I 3 JC 9>[fDBDGE=>HB: 9TCDHDK 9: 8A6HH: " =mA9fG>:C 8T:HI ` 9>G: I:A FJ: "" " !S T 7

@3 S 3 T@ " @S T@

:I IDEDADFJ:B:CI IG6CH>I>; (C 9>I FJ: 3 :HI HI: JC :CI>:G I I:A FJ: 3 F 4 8 5 (C 9fBDCIG: FJ: 3 :HI IDEDADFJ:B:CI IG6CH>I>; H> :I H:JA:B:CI H> AT:CH:B7A: 9:H >IfGfH FJ: :I FJT>A :M>HI: JC: B:HJG: 9: EGD767>A>If Q 3 >CK6G>6CI: JC>FJ: I:AA: FJ: EDJG IDJI: ;DC8I>DC 8DCI>CJ: , 1 :I EDJG EG:HFJ: IDJI ED>CI S , :HI A6 B:HJG: 9: %:7:H<J: DC 6>I 5

F

3 ?Q -+. 3 C S F I +

C

6ADGH A6 B:HJG: Q :HI JC: B:HJG: ,+ :I DC 6 A: GfHJAI6I 9: :L>-:;1*141DC 9: OfGD :CIGDE>: HJ>K6CI

(4O;>N91 &A1881 %6 B:HJG: ,+ Q :HI 67HDAJB:CI 8DCI>CJ: G:A6I> K:B:CI ` A6 B:HJG: 9: %:7:H<J: 9: , H> :I H:JA:B:CI H> 5 -0) @&'4 #3 S@ ?Q S +

M:G8>8:H D1>/5/1 ,8=fB6 9: :GCDJAA> ,D>I 7 A>If HJG R:CI K K KF (C 9fRC>I JC: EGD767>A>If HJG 7 :C EDH6CI

F %6 IG>7J % :HI A6 IG>7J :C86I>DCH 8DDG9DC F

Cf:H 7F 7 86I>DC 3 7 7 :HI A: 9f86A6C9>8: 3 S 3 S S S S


(C 9>I FJ: A: HNHIeB: 7 % 3 :HI A: H8=fB6 9: :GCDJAA> !K K KF

&DCIG:G FJ: 7 % 3 :HI JC HNHIeB: 9NC6B>FJ: :I FJ: 3 :HI 7> ?:8I>K: &DCIG:G FJ: 3 :HI BfA6C7A:B:CI BfA6CI>DC / B :HI JC: E6GI>I>DC 8: :I FJ: C3

F 3

KC -0) KC

C

&DCIG:G FJ: A:H H8=fB6H 9: :GCDJAA> ! :I ! C: HDCI E6H >HDBDGE=:H &DCIG:G FJ: A:H H8=fB6H 9: :GCDJAA> HDCI 9:H $ HNHIeB:H

D1>/5/1 ":)6;4)If 2 < JC Gf:A CDC CJA :I 3 2 2 AT6EEA>86I>DC 3 S S@ A9 &DCIG:G FJ: A:H ;DC8I>DCH @H S @ AHP ;DGB:CI EDJG K JC: 76H: =>A7:GI>:CC: 9: + 2 &DCIG:G FJ: 3 CT:HI E6H BfA6C ;6>7A:B:CI BfA6C :I H:JA:B:CI H> < :HI >GG6I>DCC:A

&DCIG:G FJ: C3 :I 33 % C 9f9J>G: FJ: 7 % 3 CT:HI E6H JC $ HNHIeB:

D1>/5/1 ,D>I 7 7J 9:H E6GI>:H 9: 7 :I 3 7 7 JC: 7>?:8I>DC 9: 7 (C CDI: F D KA :I DC 6HH>B>A: 3 ` JC: E:GBJ I6I>DC FJTDC HJEEDH: 9f8DBEDHf: :C 8N8A:H &DCIG:G FJ: 3 EGfH:GK: A6 B:HJG: H> :I H:JA:B:CI H> IDJH A:H fAfB:CIH 9TJC BgB: 8N8A: DCI BgB: EGD767>A>If 8T:HI ` 9>G: H> :I H:JA:B:CI H> EDJG IDJI D E 7 HT>A :M>HI: JC :CI>:G C6IJG:A K I:A FJ: 3 H D E 6ADGH KA KB &DCIG:G FJ: 3 :HI Bf A6C :I H:JA:B:CI H> :HI 8DC8:CIGf: HJG JC fAfB:CI >CK6G>6CI E6G 3 8T:HI ` 9>G: H> :I H:JA:B:CI H> >A :M>HI: E 7 I:A FJ: 3 E E :I E &DCIG:G FJ: C3 :I 33 % C 9f9J>G: FJ: 7 % 3 CT:HI E6H JC $ HNHIeB:

D1>/5/1 ,D>I 7 % 3 JC HNHIeB: 9NC6B>FJ: 9T:CIGDE>: C3 (C EDH: 7 7 3 :HI :GFJ: &DCIG:G FJ: 7 % 3 CT:HI E6H JC $ HNHIeB:

D1>/5/1 (C EGDEDH: 9TfIJ9>:G AT:M:BEA: 9: $6@JI6C> 9TJC: IG6CH ;DGB6I>DC ;6>7A:B:CI BfA6CH CDC BfA6CI A:H HJ>I:H 9:CI>Rf 6K:8 7 " " :I 3 7 7 AT6EEA>86I>DC 3 S S F H> S (F %T6EEA>86I>DC 3 :HI 6JHH> 9fRC>: HJG A: 8:G8A: E6G 3 2 2

M:G8>8:H

3 S S@ A% H> S (F MEA>8>I:G AT6EEA>86I>DC 3 &DCIG:G FJ: A:H ;DC8I>DCH %

3 DF C '71 F K % 3 H AF H (C HDCI 9:H ;DC8I>DCH EGDEG:H 6HHD8>f:H ` A6 K6A:JG EGDEG: '71 AC

% EDH: A S :I AF AF EDJG I C 9f9J>G: FJ: A6 HJ>I: AF :HI JC: 76H: =>A7:GI>:CC: 9: + &DCIG:G FJ: 3 :HI :GFJ: (C EDH:

6

( C

C

(C 9fRC>I 7 7 7 :I AT6EEA>86I>DC 3 S S H> S :I 3 S 3 S H>CDC &DCIG:G FJ: 3 :HI ;6>7A:B:CI BfA6CH CDC BfA6C FJ: HI6I>HI>FJ:

: 8=6E>IG: EGfH:CI: A:H EG>C8>E6JM GfHJAI6IH 9: E=NH>FJ: HI6I>HI>FJ: :I A:JGH A>:CH 6K:8 A6 I=fDG>: 9:H EGD767>A>IfH %:H FJ:H HDCI >CIGD9J>I:H ` E6GI>G 9:H B:HJG:H 9: >77H FJ> 9fI:GB>C:CI A6 ;DC8I>DC 9: E6GI>I>DC :II: ;DC8I>DC :HI 8:CIG6A: 96CH A: 86A8JA 9:H 6JIG:H 8JA>:G 96CH A:H IG6CH>I>DCH 9: E=6H:H AA: H: H: 6J 86H FJ6CI>FJ:

DC8I>DC 9: E6GI>I>DC ,D>I % JC :HE68: B:HJG67A: :I ' JC: ;DC8I>DC 8DCI>CJ:

6CH A:H 86H JHJ:AH :HI AT:HE68: 9:H E=6H:H :I ' A: =6B>AIDC>:C (C 6EE:AA: 5-;=:- ,- 1**; IDJI: AD> 9: EGD767>A>If I:AA: FJ: ' HD>I >CIfIf 9: A6 AD> G:A6I>K:B:CI ` :I 5 @&P ? S 9

:HI 6EE:Af: .76+8JA:H :I A: E6G6BeIG: :HI 9fRC> G:A6I>K:B:CI ` A6


I:BEfG6IJG: 67HDAJ: 3

F 3

F :HI A6 8DCHI6CI: 9: DAIOB6CC F )* 6CH A: 86H FJ6CI>FJ: AT>CIfDC 9: E6GI>I>DC :HI 9fRC>: E6G 9 -G@& (C 6EE:AA: -6 A6 FJ6CI>If 5 2 F S -0) S? S (C CDI: > ? AT:HEfG6C8: 9:

G:A6I>K:B:CI ` A6 B:HJG: 9:

5 > ?

5 SS? S

S

>77H

@&P ? S 9

%6 9fG>Kf: E6G G6EEDGI ` JC E6G6BeIG: :HI CDIf:

%>;fIfH HJ>K6CI:H > %6 K6A:JG BDN:CC: 9J =6B>AIDC>:C :HI fKf: 9J ADI=B: 9: A6 ;DC8I>DC 9: E6GI>I>DC >'?

-0) 9

:II: FJ6CI>If :HI CDIf: 4 :I 6EE:Af: ATL6-:/1- 16> ,>

:HI JC: ;DC8I>DC B:HJG67A: FJ> C: 9fE:C9 E6H :MEA>8>I:B:CI 9: >JQ '

> '? > ? >'?

> ? > ?

C E6GI>8JA>:G A6 K6G>6C8: 9: ' K6JI 5 <M'

-0) 9

%>1AB1 (C 9fBDCIG: > :C f8G>K6CI FJ: -0) 9

5 -0) 9 9 9 ' @& ? 9 9 9 5 5 '? '? >'?

-=:GBD9NC6B>FJ: HI6I>HI>FJ:

%6 9:JM>eB: 6HH:GI>DC H: 86A8JA: 9: A6 ;6dDC HJ>K6CI: 5 5 5 @& @& @& > ? ? ' ? ? 9 9 9 5 @& ? 9 9 5 > ? > '? 9@& ? 9 5 & > ? > '? @ ? >'? 9 > ? > '? > ? >'? C E6GI>8JA>:G H>

' :I H> ' :HI >C9fE:C96CI 9: DC 6

-0) 9

5 <M' ' >'? >'? 4 ;>;88-5>1 %TfC:G: A>7G: :HI JC: ;DC8I>DC 8DCK:M: 9: :I A: 8D:Z8>:CI "N :HI EDH>I>; 4 "N 3 3 %>1AB1 C :[:I A6 K6G>6C8: 9: ' fI6CI JC: FJ6CI>If EDH>I>K: >A HT:CHJ>I FJ: 4 (C HJEEDH: B6>CI:C6CI FJ: ' 9fE:C9 9TJC E6G6BeIG: >C9fE:C96CI 9: %>; ' 9fE:C9 9TJC E6G6BeIG: 6ADGH EDJG IDJI: ;DC8I>DC B:HJG67A: > %6 K6A:JG BDN:CC: 9: A6 9fG>Kf: 9J =6B>AIDC>:C G:A6I>K:B:CI ` 8: E6 G6BeIG: K6JI ' -0) 9 >> %6 8DK6G>6C8: 9: >JQ

:I 9: A6 9fG>Kf: ' :HI 9DCCf: E6G > ? '

>>> %6 9fG>Kf: 9: AT:CIGDE>: 2 G:A6I>K:B:CI 6J E6G6BeIG: :HI EGDEDGI>DC C:AA: ` A6 8DK6G>6C8: 9: ' :I 9: ' ' >'? ?2 ' F >JQ ' F ?


%>1AB1 > C E:GBJI6CI A:H H>CIfDC :I 9: 9fG>K6I>DC >A K>:CI 5 -0) 9 9 ' & @ ? 9 9 ' >> +:B6GFJDCH FJ: 9

5

' & @ ? 9

'

%: 86A8JA 9: A6 9fG>Kf: 8DC9J>I ` 5 > ? @& ? 9 5 5 @& & ' ? @ ? 9 9 > ? > ' ? > '? > ? >>> )6G 9fRC>I>DC 9: AT:CIGDE>: DC 6 5 5 @& ? -0) ? F ' -0) 9 2 F 9 F >'? >-0) 9? F >'? -0) 9 C 9fG>K6CI >A K>:CI ?2 ?

-0) 9 >'? F ' >'? F '

F >JQ '

F

^ E6GI>G 9: A6 ;DC8I>DC 9: E6GI>I>DC DC 9fRC>I A:H FJ:H 'DJH 6KDCH 9f?` KJ A:H G:A6I>DCH 8DC8:GC6CI ATfC:G: >CI:GC: 4 >'? -0) 9 :I AT:CIGDE>: 2 1 >'? F -0) 9 C EG:C6CI EDJG E6G6BeIG: 5 A: KDAJB: DC 9fRC>G6 A6 EG:HH>DC ' -0) 9 / 5 5 A6 FJ6CI>If 9: 8=6A:JG ?0

>'? 5

' 5

4 / 5


ATfC:G: A>7G: DJ .76+ FJ: 9:H 8D:Z8>:CIH 9DCI A6 86E68>If 86ADG>RFJ: G:A6I>K:B:CI ` JC E6G6BeIG: DJ 6J KDAJB: 5 0 0 "3 " 3 3 3 A: 8D:Z8>:CI 9: 9>A6I6I>DC 1 DJ 9: 8DBEG:HH>7>A>If >HDI=:GB: 1 5 5 1 1 5 / 1 5 3 ^ E6GI>G 9: 8:H :MEG:HH>DCH DC 9f9J>I A:H ;DGBJA:H 8A6HH>FJ:H )6G :M:BEA: A6 ;DGBJA: 9DCC6CI A6 9fG>Kf: 9: ATfC:G: >CI:GC: EDJG JC EGD8:HHJH GfK:G H>7A: ?4 3 ?2 / ?5 HTD7I>:CI ` E6GI>G 9: A6 9fG>Kf: 9: AT:CIGDE>: E6G G6EEDGI 6J KDAJB: ' >'? ?2 F ?5 5 5 4 / F 5 4 / 3 5 FJ> 8DC9J>I ` AT:MEG:HH>DC 9: A6 9fG>Kf: E6GI>:AA: 9: 2 ` I:BEfG6IJG: 8DCHI6CI: 2 4 3 / 5 1 5 9TDn DC 9f9J>I

3 ?2 ?4 / ?5

-=:GBD9NC6B>FJ: .C HNHIeB: I=:GBD9NC6B>FJ: :HI 9>I 7=>-:< ADGHFJT>A E:JI f8=6CeG: :I 9: ATfC:G: 6K:8 AT:MIfG>:JG "A :HI 9>I .-:5L ADGHFJT>A E:JI H:JA:B:CI f8=6C:JG :I >A :HI 9>I 1;74L ADGHFJT>A CTf8=6C B6I>eG: C> fC:G: (C 9>HI>C<J: 9:H /:)6,-=:; 16-; FJ> E:JK:CI gIG: 9fRC>:H :C IDJH ED>CIH 9J HNHIeB: :I FJ> C: K6G>:CI E6H ADGHFJTDC B:I :C 8DCI68I 9:JM HNHIeB:H H:B7A67A:H 8DBB: A6 EG:HH>DC A6 I:BEfG6IJG: DJ A: EDI:CI>:A 8=>B>FJ: :I A:H /:)6,-=:; -@-; FJ> C:

-=:GBD9NC6B>FJ:

E:JK:CI E6H gIG: 9fRC>:H :C 8=6FJ: ED>CI B6>H H:JA:B:CI EDJG AT:CH:B7A: 9J HNHIeB: :I FJ> HT699>I>DCC:CI :CIG: :AA:H ADGHFJTDC ?JMI6EDH: 9:JM HNH IeB:H H:B7A67A:H 8DBB: A: KDAJB: A: CDB7G: 9: 8DCHI>IJ6CIH ATfC:G: AT:CIGDE>: DJ AT:CI=6AE>: %:H CI:CH>K:H DJ :MI:CH>K:H HDCI 6EE: Af:H >):1)*4-; ,ELKf: E6GI>:AA: K6JI - - 9TDn 2 2 - - 8T:HI ` 9>G:

3 3

: A6 BgB: B6C>eG: :C 9fG>K6CI E6G G6EEDGI ` ATfC:G: DC 6 2 2 2 $ $ $ $ $ DBB: A6 HDBB: 9:H fC:G:H 9:H 9:JM HNHIeB:H :HI 8DCHI6CI: $ $ "O@ DC :C 9f9J>I FJ: A6 9fG>Kf: E6GI>:AA: K6JI $ $ 9TDn 2 2 $ $ 8T:HI ` 9>G:

F 3 F 3


(C :C 9f9J>I 9DC8 FJ: 3 3 :I FJ:

%>1951> 5:/57G: ` JC 6JIG: A6 K6G>6I>DC 9TfC:G: >CI:GC: :HI f 6J B>A>:J :MIfG>:JG ?4 ?0 ?6 (C 8DBEI: EDH>I>K:B:CI A: IG6K6>A :I A6 8=6A:JG G:dJ: E6G A: HNHIeB: :I CfK:B:CI A: IG6K6>A :I A6 8=6A:JG 8f9f: 6J B>A>:J :MIfG>:JG 6CH 8:II: :MEG:HH>DC ?0 G:EGfH:CI: A6 8=6A:JG G:dJ: :I ?6 A: IG6K6>A :-J= ,> ?6 G:EGfH:CI: A: IG6K6>A ;DJGC> >A ;6JI f8G>G: ?4 ?0 ?6 ?4 :HI JC: 9>[fG:CI>:AA: :M68I: > : C: 9fE:C9 FJ: 9: ATfI6I >C>I>6A :I 9: ATfI6I RC6A 7>:C FJ: ?0 :I ?6 C: HD>:CI E6H 9:H 9>[fG:CI>:AA:H :M68I:H )DJG JC HNHIeB: >HDAf ATfC:G: H: 8DCH:GK: ?4 %DGHFJ: A: CDB7G: 9: 8DCHI>IJ6CIH K6G>: :I FJ: A: HNHIeB: :HI HDJB>H ` 9:H ;DG8:H Hf:H CI:CH>K:H CDIf:H 7A A: IG6K6>A :HI A6 HDBB: ?6 / ?5 ?- 7?S . . Dn ?- A ?-A :I 7?S 7A ?SA G:EGfH:CI: A: IG6K6>A 9: AT:CH:B7A: A

9:H ;DG8:H Hf:H

A

%>1AB1 (C 6 ?4 3 M?' 3 M?' '? ?6 ?0 ,> A: HNHIeB: :HI >HDAf ?'?O DC E:JI f8G>G: ?4 ? ? ? ?' 3 M' 3 M ' 3M ' 3 M"' #' ?O ?O ?O ?O ?O D 3 M'' ' D 86G 3 M ! 3 M!

1AD5N91 5:/5eB: EG>C8>E: DJ EG>C8>E: 9: 6GCDI A6JH>JH 6ZGB: FJ: EDJG JC HNHIeB: >HDAf ?0 3 ?2 6K:8 fIf EDJG A:H EGD8:HHJH GfK:GH>7A:H :I >CfIf HIG>8I: EDJG A:H EGD8:H HJH >GGfK:GH>7A:H ^ ATfFJ>A>7G: I=:GBD9NC6B>FJ: AT:CIGDE>: :HI B6M>B6A:

!DGH fFJ>A>7G: AT:CIGDE>: :HI JC: ;DC8I>DC 8GD>HH6CI: 9J I:BEH ?2?O

JIG:B:CI 9>I AT:CIGDE>: FJ> :HI JC: B:HJG: 9J 9fHDG9G: C: E:JI FJ: 8GDiIG:

-=:GBD9NC6B>FJ:

)DJG JC: IG6CH;DGB6I>DC GfK:GH>7A: DC 6 ?4

?0 ?6 3 ?2 / ?5 ?- 7?S

%>1AB1 C 9fG>K6CI AT:CIGDE>: DC 6 ?2 F 3 M -0) ? F -0) 93 M?

3 M'? 3

EJ>HFJ: ATDEfG6I:JG 9:CH>If K6JI

& @ 9

Dn F 3 (C :C 9f9J>I E6G 8DCHfFJ:CI FJ: 3 ?2 3 M'? ?0 ,> A: EGD8:HHJH :HI GfK:GH>7A: ? 6ADGH 3 ?2 ?0

(>;5?5N91 5:/5H>eB: EG>C8>E: DJ EG>C8>E: 9: ':GCHI 6ZGB: FJ: ADGHFJ: A6 I:BEfG6IJG: I:C9 K:GH A: OfGD 67HDAJ 3 $ A:H 6JIG:H E6G6BeIG:H G:HI6CI >C8=6C: :HI CJAA: :I B>C>B6A: -+. 23 S

1

%6 +)8)+1: E6G 2 "P 3 3 P %DGHFJ: "P :HI G6EEDGIf: ` ATJC>If 9: B6HH: DC AT6EE:AA: +0)4-=: ;8L+1C9=:I +0)4-=: 574)1:- ADGHFJT:AA: :HI G6EEDGIf: ` JC: BDA:

.C: ;DC8I>DC A :HI 0757/K6- 9: 9: EDJG IDJI Gf:A EDH>I>; DC 6 A S S SF A S S SF (4O;>N91 0IA81> )DJG FJTJC: ;DC8I>DC A 9: F 96CH HD>I =DBD<eC: 9: 9:A ;6JI :I >A HJZI FJ: S

A A SF A S S SF S SF

6CH JC HNHIeB: Dn AT>CI:G68I>DC 9:H E6GI>:H :HI CfDCH =DBD<eC:H 9: 9:: ' 4 /5


ATfC:G: A>7G: DJ ;DC8I>DC 9: !:AB=DAIO % 4 32 AT:CI=6AE>: A>7G: DJ ;DC8I>DC 9:

>77H

& 4 / 5 3 2 :I A: :A 4 3 2 - / 5 HDCI 9:H ;DC8I>DCH =DBD<eC:H 9J EG:B>:G 9:7A: A6 9>[fG:CI>6I>DC 9J :A 8DC9J>I ` A6 :-4)[fG:CI>:AA: ?4 ?4 ?0 ?6 3 ?2 / ?5 - ? 7?S HTD7I>:CI 6JHH> :C 9>[fG:CI>6CI AT:MEG:HH>DC >HHJ: 9: A6 9fRC>I>DC 9J :A ?4

? ?3 2 ? - / ?5 5 ?/ 3 ?2 2?3 - ? ?-

C G:EDGI6CI 96CH ATfIf EGf8f9:CI: DC D7I>:CI A6 G:A6I>DC 8=:G8=f:

.C EGD8:HHJH :HI 9>I 1;7*):- ` EG:HH>DC 8DCHI6CI: 1;7+07:- ` KDAJB: 8DCHI6CI 1;767A:H G:EGfH:CIf:H A:H 9>6[fG:CIH ,1) /:)55- -6FJ:H

CH:B7A:H 86CDC>FJ:H %:H E=NH>8>:CH 9>HI>C<J:CI IGD>H DJ FJ6IG: -6;-5*4-; H:ADC FJT>AH RM:CI DJ CDC ATfC:G: :I A: CDB7G: 9: E6GI>8JA:H 8DCH>9fGf:H

:?19.81 95/>;/-:;:5=A1 6CH AT:CH:B7A: B>8GD 86CDC>FJ: ATfC:G : :I A: CDB7G: 9: E6GI>8JA:H HDCI RMfH %: HNHIeB: :HI >HDAf fC:G: 8DCHI6CI: ,> DC CDI: $ ATfC:G: RMf: 9J HNHIeB: :I $ AT>C8:GI>IJ9: B68GDH8DE>FJ: FJ> AJ> :HI 6HHD8>f: A:H fI6IH B>8GDH8DE>FJ:H 688:HH>7A:H 6J CDB7G: 9: HDCI 8:JM FJ> KfG>R:CI IDJI:H A:H 8DCIG6>CI:H :MIfG>:JG:H :I 9DCI ATfC:G: ' :HI 8DBEG>H: :CIG: $ :I $ $ %6 9>HIG>7JI>DC B>8GD 86CDC>FJ: :HI A6 9:CH>If 9: EGD767>A>If '

## # '

:?19.81 /-:;:5=A1 6CH AT:CH:B7A: 86CDC>FJ: H:JA A: CDB7G: 9: E6G I>8JA:H HDCI RMfH %: HNHIeB: :HI :C 8DCI68I 6K:8 JC I=:GBDHI6I ` A6 I:B EfG6IJG: 3 6K:8 A:FJ:A >A f8=6CH E6H 9: B6I>eG: ,DC fC:G: SJ8IJ: 6JIDJG 9TJC: K6A:JG BDN:CC: $ %6 9>HIG>7JI>DC 86CDC>FJ: :HI A6 9:CH>If 9: EGD767>A>If 9: >77H '

@& 9

%6 8DCHI6CI: 9 6EE:Af: ;DC8I>DC 9: E6GI>I>DC :HI 9fI:GB>Cf: E6G A6 8DC9>I>DC 9: CDGB6A>H6I>DC 9: A6 9:CH>If 9: EGD767>A>If 6CH JC :HE68: :AA: . 9>H8G:I :HI D7I:CJ: 8DBB: HDBB: HJG IDJI:H A:H 8DBEA:M>DCH 9 @& 96CH JC :HE68: 8DCI>CJ 8DBB: >CIfK:B:CI ` A6 B:HJG: 9: AT:HE68: 9:H E=6H:H 9 @&P ?QS :I 96CH A: 86H FJ6CI>FJ: Dn ' :HI JC DEf G6I:JG 8DBB: A6 IG68: HJG JC: :MEDC:CI>:AA: 9TDEfG6I:JG 9 3 M@&

(C 9fBDCIG: FJT>A N 6 fFJ>K6A:C8: ` A6 A>B>I: I=:GBD9NC6B>FJ: :CIG: A6 9>HIG>7JI>DC B>8GD 86CDC>FJ: :I A6 9>HIG>7JI>DC 86CDC>FJ: %6 A>B>I: I=:G BD9NC6B>FJ: 9TJC: B>I: ADGHFJ: - I:C9 K:GH AT>CRC> ` $ :I 5 RMfH 9: A6 FJ6CI>If % 3 5 - -

:?19.81 3>-:0/-:;:5=A1 6CH AT:CH:B7A: FJ: ATfC:G: :I A: CDB7G: 9: E6GI>8JA:H C: HDCI E6H RMfH %: HNHIeB: >CI:G6I 6K:8 JC I=:GBDHI6I :C f8=6CeG: %6 9>HIG>7JI>DC FJ: :HI A6 9:CH>If 9: EGD767>A>If ' -

@ , & @, & 9% 9%

Dn :HI A: EDI:CI>:A 8=>B>FJ: DBB: EGf8f9:BB:CI A6 ;DC8I>DC 9: E6GI> I>DC FJ: :HI 9fI:GB>Cf: E6G A6 CDGB6A>H6I>DC 9: A6 9:CH>If 9: EGD767>A>If


:?19.81 5?;@41>915?;.->1 (C 9>HI>C<J: E6G;D>H JC FJ6IG>eB: :C H:B7A: AT:CH:B7A: >HDI=:GB: >HD76G: 6CH A:H IGD>H :CH:B7A:H EGf8f9:CIH A: KDAJB: :HI RMf 6CH AT:CH:B7A: >HDI=:GB: >HD76G: A: CDB7G: 9: E6GI> 8JA:H :HI RMf B6>H ATfC:G: ' :I A: KDAJB: 5 HDCI 9:H K6G>67A:H 6Af6ID>G:H

%6 9>HIG>7JI>DC >HDI=:GB: >HD76G: :HI A6 9:CH>If 9: EGD767>A>If ' 5

@- & @ 3 & 9' 9%

Dn / :HI A6 EG:HH>DC %6 CDGB6A>H6I>DC 9: A6 ;DC8I>DC 9: E6GI>I>DC :HI 9DCCf: E6G 5 9'

@ 3 3 M@& ?Q

T:HI A6 IG6CH;DGBf: 9: %6EA68: 9: A6 ;DC8I>DC 9: E6GI>I>DC 86CDC>FJ:

-:0? B;8A91? ,> - :I 5 I:C9:CI K:GH AT>CRC> 9: HDGI: FJ: -5 G:HI: RC> 6ADGH DC E:JI G:BEA68:G A6 HDBB: 9>H8GeI: E6G JC: >CIfIf 9TfC:G: =6FJ: fI6I D88JE: JC KDAJB: C 96CH AT:HE68: 9:H E=6H:H

&D9eA: 9J I (C 8DCH>9eG: JC CI:G68I>DC 8: FJ> :HI EDHH>7A: H> A: AJf -5 :I DC HJEEDH: FJ: A:H 6IDB:H CTDCI E6H 9: HIGJ8IJG: fA:8IGDC>FJ: ,:JA: >CI:GK>:CI ATfC:G: 8>CfI>FJ: 9:H 6IDB:H )DJG AT:CH:B7A: 86CDC>FJ: A6 ;DC8I>DC 9: E6GI>I>DC K6JI 5 , 5 , , 3 3 3 KA & ? MA ? KA 9 ? MA ? KA @ '71 , ,

C

C H A A A %6 ;DC8I>DC 9: E6GI>I>DC U 9TJC 6IDB: 9 U , - 6 EDJG :MEG:HH>DC 5 U

3

? M

5

& $

@

? K 5 C C

5

$

@

?S

5 C

H

: FJ> G:K>:CI ` 8DCH>9fG:G 96CH AT:HE68: 9:H E=6H:H 9:H E6GI>8JA:H >C9f E:C96CI:H 9DCI A:H EDH>I>DCH MA HJ>K:CI JC: AD> JC>;DGB: 3 3 :I 9DCI A:H >BEJAH>DCH HJ>K:CI JC: AD> :CC: 8:CIGf: 1 Dn ATf86GI INE: K6JI HF3 %6 B:HJG: 9: %:7:H<J: :HI 9>K>Hf: E6G - C, EDJG I:C>G 8DBEI:

&D9eA: 9J I

9: AT>C9>H8:GC67>A>If 9:H E6GI>8JA:H - :I 9: A6 C6IJG: FJ6CI>FJ: 9: AT:H E68: 9:H E=6H:H G:A6I>DCH 9T>C8:GI>IJ9: 9T!:>H:C7:GIf 9:H >BEJAH>DCH :HI JC: :CC: %6 HI6I>HI>FJ: 6EE:Af: ;I>DC DC 86A8JA: ATfC:G: >CI:GC: 8DBB: A6 BDN:CC: 9: ATfC:G: IDI6A: -0) U -0) 9 - F3 4 3 3 FJ> BDCIG: FJ: ATfC:G: >CI:GC: :HI fFJ>GfE6GI>: : GfHJAI6I :HI 8DCCJ HDJH A: CDB 9: H6CI AT6EEGDM>B6I>DC EDJG - -0) - - -0) - DC :C 9f9J>I AT:MEG:HH>DC 6EEGD8=f: 9: ATfC:G: A>7G: - HF3 U - F3 -0) @ % - F3 -0) 5 C Dn @ :HI A6 76H: 9:H ADI=B:H CfEfG>:CH -0)@ C 9fG>K6CI ATfC:G: A>7G: DC G:IGDJK: ATfFJ6I>DC 9TfI6I 9:H IH % - F3 / 3 ,3 5 %6 8=6A:JG HEf8>RFJ: ` KDAJB: 8DCHI6CI :HI A6 9fG>Kf: 9: ATfC:G: >CI:GC: 4 "3 -F 3 3 %T:CI=6AE>:

- F3 8DC9J>I ` AT:MEG:HH>DC 9: A6 8=6A:JG HEf8>RFJ: ` EG:HH>DC 8DCHI6CI: ' "- -F 3 ' 4 /5


TDn DC 9f9J>I A6 :-4): A>7G: & % / 5 - F3 -0)

5 -

HF3 C

-

9DCC: AT:MEG:HH>DC 9J EDI:CI>:A 8=>B>FJ:

F3 -0)

5 -

HF3 C

,> DC >CIGD9J>I A6 ADC<J:JG 9TDC9: I=:GB6A: 1 C

C HF3

:I A6 ;JIf

H

@

A: 86A8JA 9J EDI:CI>:A 8=>B>FJ: BDCIG: FJ: A6 ;JIf :HI 9DCCf: E6G I 1 Dn I -5 :HI A6 9:CH>If 6IDB>FJ: %T6EEGDM>B6I>DC 9:H :I H:JA:B:CI H> A6 ;JIf :HI IGeH ;6>7A: I 1 (C E:JI 6ADGH CfFJ:H :I >C9>H8:GC67>A>If 9:H E6GI>8JA:H (C H: IGDJK: ` A6 A>B>I: 9: A6 HI6I>HI>FJ: 9: &6ML:AA DAIOB6CC

%T:CIGDE>: HT:MEG>B: E6G A6 G:A6I>DC 2 F 4 -0) 9 8: FJ> ` AT6EEGDM>B6I>DC - 8DC9J>I ` A6 .7:5=4- ,- !)+3=:"- HTf8G>I :C >CIGD9J>H6CI A: EDI:CI>:A 8=>B>FJ: 2

-F 3

%T6EEGDM>B6I>DC 9:H B: FJ: AT:CIGDE>: :HI EDH>I>K:

&D9eA: 9J I

,> ATDC C: E:JI E6H CfCI:GC: 9:H 8DCHI>IJ6CIH 9J A ;6JI G:BEA68:G A6 ;DC8I>DC 9: E6GI>I>DC 9: 8=6FJ: 6IDB: E6G JC: ;DC8I>DC 9: E6GI>I>DC FJ> EG:C9 :C 8DBEI: A6 HIGJ8IJG: >CI:GC: 9:H BDAf8JA:H GDI6I>DC K>7G6I>DC HIGJ8IJG: fA:8IGDC>FJ: :I E6H H:JA:B:CI A6 ;DC8I>DC 9: E6GI>I>DC 9: IG6CHA6I>DC 9LJ9FK U 9J: ` A6 H:JA: fC:G: 8>CfI>FJ: %6 ;DC8I>DC 9: E6GI>I>DC 6 6ADGH A6 K6A:JG HJ>K6CI: 9 9LJ9FK 9JGL 9NA: 9=D=; ,> ATDC 6EEA>FJ: A: BgB: 86A8JA FJ: EGf8f9:BB:CI ` U Dn 9JGL 9NA: 9=D=; DC IGDJK: 9:H ;DGBJA:H 96CH A:HFJ:AA:H HT6?DJI: JC I:GB: HJEEAfB:CI6>G: FJ> HTf8G>I EDJG ATfC:G: >CI:GC: ? -0) 3 - F3 - F3 ?3

4 EDJG AT:CIGDE>: 2

?3 -0) -F -F 3 ?3

:I EDJG A6 8=6A:JG HEf8>RFJ: "3

? -F -F ?3

3

? -0) ?3

&6>H A6 9>[fG:C8: "- "3 - F G:HI: >C8=6CCI:GC: 9:H BDAf8JA:H CT6 6J8JC :[:I HJG A6 G:A6I>DC 9: &6N:G

-? =A-:@5=A1 6CH A: 86H FJ6CI>FJ: AT6IDB: :HI :C;:GBf 96CH JC: 7DiI: 9: ADC<J:JGH < < FJ:H IA :I :HI 9DCCf: E6G A6 G:A6I>DC C I I

I $L H < < DC 9: E6GI>I>DC 9: IG6CHA6I>DC K6JI UL

3

#*

@

F F F

3 4 A F

C I A '71 H< A

C >CIGD9J>H6CI A6 I:BEfG6IJG: 86G68IfG>HI>FJ: 9: IG6CHA6I>DC

L

C HF
FJ: HI6I>HI>FJ:

:I :C HJEEDH6CI FJ: EDJG 3 L A:H C>K:6JM HDCI HJZH6BB:CI EGD8=:H EDJG 6HH>B>A:G A6 HDBB: 9>H8GeI: ` JC: >CIfDC FJ: 96CH A: 86H 8A6HH>FJ: C G: K6C8=: ATfC:G: 9: K>7G6I>DC $NA: I CQ 9fE:C9 9J CDB7G: FJ6CI>FJ: G69>6A 9: K>7G6I>DC I 6HHD8>f 6JM K>7G6I>DCH 6JIDJG 9: A6 EDH>I>DC 9TfFJ>A>7G: %6 ;DC8I>DC 9: E6GI>I>DC 9: K>7G6I>DC K6JI :C >C8AJ6CI A: ;68I:JG CQ 96CH A: C>K:6J 9TfC:G: ;DC96B:CI6A @N

9NA: @

3

@F@N

F

@@N

@@N 3+/* CQ

'DIDCH N A6 I:BEfG6IJG: 86G68IfG>HI>FJ: 9: K>7G6I>DC

N

CQ F

%DGHFJ: 3 N A:H 9:7G6I>DC HDCI H H> 3 N A6 K>7G6I>DC 8DCIG>7J: ` A6 ;DC8I>DC 9: E6GI>I>DC :I 9DC8 ` A6 8=6A:JG HEf8>RFJ: CQ ? NA:

? -0) U 3 -F "3 - F ?3 ?3 3+/* CQ >HI>C<JDCH 9:JM 86H )DJG JC 6IDB>FJ: =fIfGDCJ8Af6>G: ATfC:G: 9: GDI6I>DC :HI FJ6CI>Rf: :I 9DCCf: E6G $JGL

;; (

Dn ( 9fH>C:GI>: ( H H ? H H %:H 9:JM 6IDB:H HDCI 9: B6HH:H G:HE:8I>K:H H :I H :I 9>HI6CIH ` ATfI6I ;DC96B:CI6A 9: ?

%6 9fFJ: H8 :HI ; %6 ;DC8I>DC 9: E6GI>I>DC 9: GDI6I>DC 6 EDJG :MEG:HH>DC 3 ;; ; '71 9JGL ( 8 5 ( ;; ?; ; '71

(

&D9eA: 9J I

86G H> 3 J J (F :HI A6 I:BEfG6IJG: 86G68IfG>HI>FJ: 9: GDI6I>DC H:JAH 8DCIG>7J:CI A:H I:GB:H 6N6CI 9: H8GeI: E6G JC: >CIfC 3 F

5 A I

A A A S?S A A

)DJG A6 ;DC8I>DC A ; ; '71 88 DC D7I>:CI A

' A J 3

A

J 3

J 3

J 3

%6 ;DC8I>DC 9: E6GI>I>DC 6 JC 9fK:ADEE:B:CI 9: A6 ;DGB: 9JGL

J

J 3 3

:I A6 8=6A:JG HEf8>RFJ: 9: GDI6I>DC :HI 9DCCf: E6G "3JGL

-F -F

J 3

)DJG JC 6IDB>FJ: =DBDCJ8Af6>G: =N9GD<eC: DJ 9:JIfG>JB >A ;6JI I:C>G 8DBEI: 9:H fI6IH DGI=D :I E6G6 %:H CDN6JM fI6CI >9:CI>FJ:H :I >C9>H8:GC67A:H ;DGBfH 9: 9:JM EGDIDCH 9: HE>C N N A: HE>C CJ8Af6>G: K6JI ( DJ %TfI6I E6G6 ( 8DGG:HEDC9 ` ATfI6I H>C<JA:I T:HI JC fI6I CDC 9fDC 9TDC9: IDI6A: :HI 6CI>HNBfIG>FJ: AA: H: 8DBEDH: 9J EGD9J>I 9: A6 ;DC8I>DC 9TDC9: 9: HE>C CJ8Af6>G: 6CI>HNBfIG>FJ: 9: A6 ;DC8I>DC 9TDC9: G69>6A: HNBfIG>FJ: :I 9: A6 ;DC8I>DC 9TDC9: DG7>I6A: HNBfIG>FJ: 88E 8 88E )6G 8DCHfFJ:CI A: CDB7G: FJ6CI>FJ: ; 9D>I gIG: E6>G 6CH ATfI6I DGI=D ( FJ> :HI JC fI6I 9: 9fDC 9TDC9: IDI6A: :HI 6CI>HNBfIG>FJ: AA: H: 8DBEDH: 9J EGD9J>I 9: A6 ;DC8I>DC 9TDC9: 9: HE>C CJ8Af6>G: HNBfIG>FJ: 9: A6 ;DC8I>DC 9TDC9: G69>6A: HNBfIG>FJ: :I 9: A6 ;DC8I>DC 9TDC9: DG7>I6A: 88E FJ> :HI 6CI>HNBfIG>FJ: H> ; :HI >BE6>G %6 ;DC8I>DC 9: E6GI>I>DC 9: GDI6I>DC :HI A6 HDBB: 9: A6 ;DC8I>DC 9: E6GI>I>DC 9: ATfI6I E6G6 :I 9: ATfI6I DGI=D HD>I 3 3 ; @88 ( 1 ; @88 ( 1 9JGL 8 H9AJ

8 AEH9AJ


6O 9: ;:GB>DCH DJ 9: 7DHDCH

(C 8DCH>9eG: JC DCH G:HE 9: 7DHDCH A>7G:H H6CH >CI:G68I>DC

(C CDI: A ATfC:G: 9: A6 E6GI>8JA: D IA A: CDB7G: 9TD88JE6I>DC 9J C>K:6J )DJG A:H 7DHDCH IA 9TfC:G: A )DJG A:H ;:GB>DCH IA DJ )6JA>

. %:. CDB7G: IDI6A 9: E6GI>8JA:H :HI - IA :I ATfC:G: 9J HNHIeB: K6JI $ IA A %:H ;:GB>DCH HJ>K:CI A6 HI6I>HI>FJ: 9: :GB> >G68 9: 9:CH>If 6K:8 P :I A:H 7DHDCH HJ>K:CI A6 HI6I>HI>FJ: 9: DH: >CHI:>C 6K:8 P 9DCCf: E6G A

@ P

)DJG A:H ;:GB>DCH A6 ;DC8I>DC 9: E6GI>I>DC FJ: HTf8G>I 34 4 3 4 3 @, # @ F @ F @ 9 ;

;

A F

A

A

(C CDI: UA A6 ;DC8I>DC 9: E6GI>I>DC 9: A6 E6GI>8JA: D UA @

Dn DC 6 EDHf :HI ATfC:G: 9: :GB> %: CDB7G: BDN:C 9: E6GI>8JA:H HJG A: C>K:6J D :HI -0) UA IA @ 31 )DJG A:H 7DHDCH A6 ;DC8I>DC 9: E6GI>I>DC FJ: HTf8G>I 3 34 9 @, # @ F ;

43

@

;

A

F

4

A F

A

@

4 UA A

(C CDI: UA A6 ;DC8I>DC 9: E6GI>I>DC 9: A6 E6GI>8JA: D UA

@

%: CDB7G: BDN:C 9: E6GI>8JA:H HJG A: C>K:6J D :HI -0) UA IA @ 31 6CH A:H 9:JM 86H ;:GB>DCH DJ 7DHDCH A: CDB7G: BDN:C HTf8G>I 8DBEI: I:CJ 9J E6G6BeIG: P IA @ P


%DGHFJ: A:H HI6I>HI>FJ:H 9: :GB> >G68 :I 9: DH: >CHI:>C 8DCK:GHI>FJ: 9: &6ML:AA DAIOB6CC %T:MEDC:CI>:AA: :HI A: I:GB: 9D B>C6CI %: CDB7G: BDN:C 9: E6GI>8JA:H 6J C>K:6J D :HI IA @ @ :I A: CDB7G: IDI6A BDN:C K6JI 3 3 - IA @ @ @ U A

A

Dn U :HI A6 ;DC8I>DC 9: E6GI>I>DC :C 9>HIG>7JI>DC 86CDC>FJ: FJ> CT:HI 6JIG: FJ: A6 ;DC8I>DC 9: E6GI>I>DC 9: &6ML:AA DAIOB6CC

:@O3>-81? 01 1>95 )DJG IG6>I:G EAJH H>BEA:B:CI A:H 86A8JAH 9:H FJ:H DC >CIGD9J>I A:H >CIf P FJ> HDCI A:H BDB:CIH 9TDG9G: I 9: A6 HI6I>HI>FJ: 9: :GB> >G68 DJ 9: DH: >CHI:>C 5 SF %F ?S I @P P %6 ;DC8I>DC %F :HI JC: ;DC8I>DC 8GD>HH6CI: :I H6 9fG>Kf: K6JI %F %F C >CIf:H DC fI67A>I FJ: EDJG IDJI I 5 P SF -0) P@P ?S %F I %: 9fK:ADEE:B:CI =6JI:H I:BEfG6IJG:H 9DCC: :C JI>A>H6CI A: 9f K:ADEE:B:CI :C HfG>: 9: -0) U

F 3 U

F

A6 ;DGBJA: %F

I

3 PH @H H

K F

6CH A: 86H 9:H ;:GB>DCH EDJG A:H 76HH:H I:BEfG6IJG:H DC JI>A>H: A: 9fK: ADEE:B:CI 9: ,DBB:G;:A9 5 5

C

C ? C?C F3 F3

@ FJ> 8DC9J>I ` AT:MEG:HH>DC %F

F3

F3 I II I

F I F3

II


-? 3O:O>-8 (C HJEEDH: FJ: A6 9:CH>If :HI JC: ;DC8I>DC 9: A6 ;DGB: #

F

Dn :HI A6 8DCHI6CI: 9: CDGB6A>H6I>DC %: :A ` AT6EEGDM>B6 I>DC 9:H A>H6CI AT:MEG:HH>DC 9: AT>CIf F3 F

I %F (C 9f9J>I 9: 8:II: :MEG:HH>DC FJ: A: CDB7G: BDN:C 9: E6GI>8JA:H K6JI F3 F I %F - 31 C fA>B>C6CI A6 8DCHI6CI: 9: CDGB6A>H6I>DC A: :A 6 EDJG :M EG:HH>DC %F - F3 %F %TfC:G: >CI:GC: HTf8G>I 5 5 4 A #?

F ? P

@

F3 F

I %F

HD>I :C ;DC8I>DC 9J :A 4 - F3 I

%F I %F

(C :C 9f9J>I AT:MEG:HH>DC 9: ATfFJ6I>DC 9TfI6I / 5 - F3

%F %F

:H ;DGBJA:H EGf8f9:CI:H DC 9f9J>I ATfC:G: A>7G: %F % - F3 - - F3 %F AT:CIGDE>: 2

%F 4 % - F I 3 %F

A6 86E68>If 86ADG>RFJ: %F 4 "3 I I F3 3 3 3 3 3 %F


HD>I 6EGeH FJ:AFJ:H A>FJ:G A:H GfHJAI6IH 9J E6G6G A:H K6A:JGH 9:H FJ:H


OB18;CI:G68I>DC A6 9:CH>If 9TfI6I :HI C H 5 #

6CH A:H 9:JM 86H 7DHDCH DJ ;:GB>DCH A: 9fK:ADEE:B:CI =6JI:H I:BEf G6IJG:H 9: AT>CIf :HI A: BgB: 86G A:H 9:JM 9:CH>IfH 8DCK:G 9: &6ML:AA DAIOB6CC )DHDCH 95

HF3 C

%: CDB7G: BDN:C 9: E6GI>8JA:H :HI - 9% 9@

@ @

9TDn ATDC 9f9J>I AT:MEG:HH>DC 9J 9fK:ADEE:B:CI 9: @ @ @ 9 9TDn

. -0) 9 9

%: :A :HI EDJG I / 5 - F3

% - F3 %

:I 96CH A: 86H A K6JI

% - F3 - F3 %

:I 96CH A: 86H CI:GC: 6 EDJG :MEG:HH>DC 4

9

F

9

- F3

9

F

9

^ ATDG9G: DC G:IGDJK: A:H 86G68IfG>HI>FJ:H 9J I EDJG A6 HI6I>H I>FJ: 9: &6ML:AA DAIOB6CC 9DCI ATfFJ6I>DC 9TfI6I HTf8G>I % - F3 / 5 - F3 % 9


)DJG I A6 EG:HH>DC K6JI /

4 5

:I A6 8=6A:JG HEf8>RFJ: % % "3 - F - F % % 9 OB18;95;:?

^ 3 $ IDJH A:H fI6IH 9TfC:G: >C;fG>:JGH ` ATfC:G: 9: :GB> $ HDCI D88JEfH -DJH A:H fI6IH 9TfC:G: HJEfG>:JG: HDCI K>9:H %6 9:CH>If :HI A6 ;DC8I>DC >C9>86IG>8: K6A6CI :CIG: :I $ :I 6>AA:JGH %TfC:G: 9: :GB> 9fRC>I JC: I:BEfG6IJG: 9: :GB> 3$ E6G $ F3$ %: EDI:CI>:A 8=>B>FJ: :HI 6JHH> 6EE:Af fC:G: 9: :GB> C 86A8JA6CI A: CDB7G: BDN:C 5 -

5 B#?

5 B

H

C

? B

5 H $ C

DC :C 9f9J>I ATfC:G: 9: :GB> $

C H

5

%TfC:G: >CI:GC: HT:MEG>B: :C ;DC8I>DC 9: ATfC:G: 9: :GB> E6G 5 4 B#? - $ %: :A K6JI EJ>HFJ: $ :I FJ: ` 3 $ -0) @ $ 5 -0) @ #? F3 5 F3 -0) @ #? 5 $ #? - $ J KD>H>C6G: A: 86A8JA EDJG JC: 9:CH>If FJ:A8DCFJ: # F :C JI>A>H6CI A: 9fK:ADEE:B:CI 76HH:H I:BEfG6IJG:H %: CDB7G: BDN:C K6JI I F F3 II - F I F3

-=:GBD9NC6B>FJ: HI6I>HI>FJ: HD>I :C >CK:GH6CI

$

6K:8

I

$

3 3$

I -

F

%: :A 6 EDJG :MEG:HH>DC %F - F3 $ %F I

I

3 3$

^ 3 $ DC G:IGDJK: EDJG A: 86H I - $ %TfC:G: >CI:GC: K6JI 3 I - $ I 4 I I 3$ :I A6 8=6A:JG HEf8>RFJ: :HI 9DCCf: E6G 4 3 I -F "3 3 3 3$ DC C 9:HHDJH 9: 3$ $ AT=fA>JB 9:K>:CI A>FJ>9: :I CDC HDA>9: 8DBB: A:H 6JIG:H B6IfG>6JM ^ 86JH: 9: H6 ;6>7A: 9:CH>If 9: ATDG9G: 9: <8B A6 8DC9>I>DC 9: K6A>9>If 9: A6 Bf86C>FJ: 8A6HH>FJ: I CT:HI E6H KfG>Rf: ^ IGeH 76HH:H I:BEfG6IJG:H A:H FJ:H 9: A6 H:8I>DC EGf8f9:CI: D7I:CJ:H EDJG I 8DC9J>H:CI 6JM ;DGBJA:H HJ>K6CI:H %TfC:G: 9: :GB> K6JI $

H

5

%TfFJ6I>DC 9TfI6I :HI 9DCCf: E6G /5

4

%TfC:G: >CI:GC: K6JI 4 - $

3 3$


:I A6 8=6A:JG HEf8>RFJ: 6 EDJG :MEG:HH>DC "3

- F 3 3$

;:01:?-@5;: 01 ;?15:?@15: %DGHFJ: A: K:6J ;DC96B:CI6A 9:K>:CI IGeH If K6JI # 6K:8

C H 5 # %: CDB7G: BDN:C 9: E6GI>8JA:H HJG A: C>K:6J ;DC96B:CI6A :HI 5 - ? @ @ %: CDB7G: BDN:C IDI6A HTf8G>I -

5 HF 3 % C % 3 - 3; % -

TDn A: G6EEDGI

% 3 - 3; % ,> 3 3; 8DBB: :HI IGeH E:I>I DC 6 %

C 5 HF

)6G 8DCHfFJ:CI A6 ;G68I>DC 9: 7DHDCH HJG A:H C>K:6JM 6JIG:H FJ: A: C>K:6J ;DC96B:CI6A K6JI % 3 - 3; % ,> 3 3; IDJH A:H 7DHDCH HDCI :C 9:=DGH 9J ;DC96B:CI6A - - C 9:HHDJH 9: A6 I:BEfG6IJG: 8G>I>FJ: H> 3 3; A: G6EEDGI 9:K>:CI 3 - 3; C 8DC8AJH>DC EAJH DC H: G6EEGD8=: 9J OfGD 67HDAJ EAJH A:H 7DHDCH DCI I:C96C8: ` HT688JBJA:G HJG A: C>K:6J ;DC96B:CI6A 8T:HI A6 +76,-6;)HI>FJ:

+69>6I>DC 9J 8DGEH CD>G .C 8DGEH CD>G :HI JC: :C8:>CI: E:G8f: 9TJC IGDJ 9: ;6>7A: 9>B:CH>DC 9:K6CI A:H 9>B:CH>DCH 9: AT:C8:>CI: 9: HDGI: FJTJC: DC9: EfCfIG6CI 96CH AT:C8:>CI: 6 JC: EGD767>A>If FJ6H>B:CI CJAA: 9T:C HDGI>G %:H E=DIDCH HJ>K:CI A6 HI6I>HI>FJ: 9: )A6C8@ 6CH JC: :C8:>CI: 9: KDAJB: 5 A: CDB7G: 9: E=DIDCH :CIG: A:H fC:G:H :I ? :HI 9DCCf: E6G ?-

5 ? C > @

6K:8 F 3 :HI AT>CK:GH: 9: A6 I:BEfG6IJG: :I > :HI A6 K>I:HH: 9: A6 AJB>eG: %: CDB7G: IDI6A 9: E=DIDCH 96CH AT:C8:>CI: :HI 9DC8 -

5 C >

5

? @

F 3 C>

Dn :HI A6 ;DC8I>DC OgI6 9: +>:B6CC %6 ;DC8I>DC 9: :GB> 6 EDJG K6A:JG E6GI>8JA>eG: 5 %F

SF ?S II @P

DBB: ATfC:G: 9J E=DIDC :HI EGDEDGI>DCC:AA: ` H6 ;GfFJ:C8: C DC :C 9f9J>I FJ: ATfC:G: 9:H E=DIDCH 9: ;GfFJ:C8: :CIG: :I ? :HI ?4

5 ? C > @ C5 ? @ > @ 5 3 ?

C?-

%6 FJ6CI>If 3 :HI A6 9:CH>If HE:8IG6A: 9TfC:G: T:HI ATfC:G: E6G JC>If 9: KDAJB: 9:H E=DIDCH 6N6CI A:JG ;GfFJ:C8: 8DBEG>H: :CIG: :I ? 3

C > @@

)DJG A:H ;GfFJ:C8:H fA:Kf:H C F 3 DC G:IGDJK: ` A6 A>B>I: 8A6HH>FJ: A6 AD> 9: 0>:C C C '71 3 > F 3 :I EDJG A:H ;GfFJ:C8:H ;6>7A:H JC 9fK:ADEE:B:CI A>B>If 8DC9J>I ` A6 AD> 9: +6NA:>

+69>6I>DC 9J 8DGEH CD>G

%TfC:G: >CI:GC: HTD7I>:CI E6G >CIfDC 5 C5 ? 5 3 ? > @ 5 S C5 C5 ?S P > C @ > C F 5 3 C > 5

4

(C G:IGDJK: A6 AD> 9: ,I:;6C FJ> 6ZGB: FJ: A: EDJKD>G fB>HH>; IDI6A 9TJC 8DGEH CD>G $ >4 8T:HI ` 9>G: ATfC:G: G6NDCCf: E6G A: IGDJ 96CH A: 9:B> :HE68: E6G JC>If 9: I:BEH :I 9: HJG;68: :HI EGDEDGI>DCC:A ` A6 I:BEfG6IJG: 67HDAJ: fA:Kf: ` A6 EJ>HH6C8: FJ6IG>eB:

$ 3 %: 86A8JA 9: A6 ;DC8I>DC 9: E6GI>I>DC -0)9

5

# -0) @ ?

5 C>

D7I:CJ: :C JI>A>H6CI A6 ;DGBJA: K6A67A: EDJG IDJI I 5

SF -0) @P ?S II

8DC9J>I ` A6 K6A:JG 9: AT:CIGDE>: 2 F -0) 9 4

4 3

FJ> :AA: BgB: 8DC9J>I ` A6 ;DGBJA: 9DCC6CI ATfC:G: A>7G: % 4 32 4 TDn ATDC 9f9J>I A6 EG:HH>DC :M:G8f: E6G A6 G69>6I>DC HJG A:H E6GD>H 9: AT:C 8:>CI: 4 % / 5 1 5 +6EE:ADCH FJ: EDJG A:H ;:GB>DCH DJ A:H 7DHDCH :C HI6I>HI>FJ:H 9: :GB> >G68 DJ 9: DH: >CHI:>C A6 EG:HH>DC :HI 9DJ7A: / 45


M:G8>8:H D1>/5/1 7,K4- +4);;19=- ,- )6/->16 (C 8DCH>9eG: A:H 6IDB:H DJ >DCH 9TJC: HJ7HI6C8: E6G6B6FJ: 6HH>B>AfH ` 9:H 6>B6CIH 9: BDB:CIH B6FJ:H EADCH 6J =6H6G9 (C CfCI:G68I>DC :CIG: A:H 6>B6CIH (C CDI: AT6CDC 9: E6GI>I>DC 9TJC 6IDB: :I :C 9f9J>G: A6 EGD767>A>If EDJG JC 6IDB: 9T6KD>G HDC BD B:CI B6FJ: ;DGB6CI JC 6CB:G6 6K:8 A6 ;DC8I>DC 9: %6CC +S %04*S

S

6A8JA:G AT:HEfG6C8: 9: A6 EGD?:8I>DC 9J BDB:CI B6FJ: HJG A6 9>G:8I>DC 9J 8=6BE B6FJ: %03 6EE:Af: )15)6/5/1 7,K4- 9=)616 (C G:EG:C9 AT:M:G8>8: EGf8f9:CI 9TJC: 6HH:B7Af: 9T6>B6CIH fAfB:CI6>G:H B6>H DC HJEEDH: >8> FJ: A:H BDB:CIH B6FJ:H HDCI FJ6CI>RfH %TfC:G: 9TJC 6IDB: K6JI $ B !HB Dn HB EG:C9 A:H K6A:JGH 9>H8GeI:H HB ) ) ) ) :I Dn B :HI 6EE:Af ;68I:JG 9: %6C9f :I :HI A: B6CfI>FJ: 9: HE>C + BDB:CI 8>CfI>FJ: DG7>I6A ) BDB:CI 8>CfI>FJ: IDI6A :HI A6 8DCHI6CI: 9: )A6C8@ 9>K>Hf: E6G :I H A6 B6HH: 9: AT6IDB: 6A8JA:G A6 ;DC8I>DC 9: E6GI>I>DC 9: - 6IDB:H C 9f9J>G: ATfC:G: BDN:CC: (C AT:MEG>B:G6 :C ;DC8I>DC 9: A6 ;DC8I>DC 9: G>AADJ>C

S ) ) !( S %04* S %04* ) ) ) ) C 9f9J>G: AT:CIGDE>: 2 6A8JA:G A6 EGD767>A>If FJTJC 6IDB: H: IGDJK: HJG A: C>K:6J H C 9f9J>G: AT:HEfG6C8: 9: H :I A6 K6A:JG BDN:CC: 9: AT6>B6CI6I>DC DCC:G 9:H fFJ>K6A:CIH ` =6JI: :I 76HH: I:BEfG6IJG:

DBB:CI:G

D1>/5/1 "0-:57,A6)519=- 676 -@- ,D>I L JC Gf:A L (C 8DCH>9eG: A6 ;DC8I>DC 9 :MEDC:CI>:AA: 9fRC>: E6G

@I S LS '

M:G8>8:H

:I A6 ;DC8I>DC L ADI=B: 9fRC>: E6G -/I S

S I L

/fG>R:G FJ: ADGHFJ: L I:C9 K:GH A:H ;DC8I>DCH EGf8f9:CI:H I:C9:CI K:GH A:H ;DC8I>DCH JHJ:AA:H /fG>R:G FJ: A: L ADI=B: :HI A6 ;DC8I>DC Gf8>EGDFJ: 9: A6 ;DC8I>DC L :MEDC:CI>:AA: -/I @I S @I -/I S S &DCIG:G FJ: A: ADI=B: KfG>R: A6 G:A6I>DC 9: L 699>I>K>If HJ>K6CI: -/I ST -/I S -/I T L -/I S -/I T 6A8JA:G -/I S :I -/I ST ,D>I A6 B:HJG: 9: %:7:H<J: HJG AT:HE68: 9:H E=6H:H :I JC: 9:CH>If 9: EGD767>A>If DC 8DCH>9eG: AT:CIGDE>: 9: -H6AA>H 9fRC>: E6G 5 2I F -/I ? )DJG JC: D7H:GK67A:

DC 9fRC>I A6 L :HEfG6C8: 9: E6G 5 5 I ? >I I ? > ?I >I

)DJG JC =6B>AIDC>:C ' JC: 8DCHI6CI: A>f: ` A6 I:BEfG6IJG: E6G F3 A6 B:HJG: 9: L >77H :HI 9DCCf: E6G

@I ' 9I

&DCIG:G FJ: AT:CIGDE>: 9: -H6AA>H KfG>R: ATfFJ6I>DC 2I F>I >'?I F -/I 9I ,D>I JC E6G6BeIG: 9>[fG:CI 9: (C CDI: A6 9fG>Kf: E6GI>:AA: G:A6I>K:B:CI ` &DCIG:G FJ:

2I F>I >'?I > '?I (C CDI: 4I ATfC:G: BDN:CC: 4I >'?I :I HD>I /I A6 L EG:HH>DC 9fRC>: 8DBB: A6 L :HEfG6C8: 9: A6 9fG>Kf: 9: ' G:A6I>K:B:CI 6J KDAJB: /I >3 '?I &DCIG:G FJ: ?4I >I 3 ?2I /I ?5


D1>/5/1 7,K4- ,= /)B 8):.)1< HJ>I: 9: AT:M:G8>8: EGf8f9:CI (C 8DCH> 9eG: JC I 96CH JC :HE68: 9: 9>B:CH>DC # 8DBEDHf 9: - E6GI> 8JA:H >9:CI>FJ:H 9: B6HH: H :C;:GBf:H 96CH JC KDAJB: 5 (C HJEEDH: FJ: L :I FJ: A: =6B>AIDC>:C 9J HNHIeB: :HI 9DCCf E6G '

, 3 K A H A

6A8JA:G A6 ;DC8I>DC 9: L E6GI>I>DC 5 ? " KA ? " MA 9I CIfCK6G>6CI E6G 8: 8=6CI FJ: ' 6 A6 EGDEG>fIf 9T>CK6G>6C8: 9: ?6JIG6>G: 9: 8: CDB7G: 8DBEA:M: BDCIG: FJ: 8T:HI JC: HNBfIG>: 9: ?6J :HI 7G>Hf: %6 HJEG68DC9J8I>K>If :HI JC: 7G>HJG: 9: HNBfIG>: 9: ?6JFJ: 9:H 8G>HI6JM A>FJ>9:H A:H BDAf8JA:H HDCI IDJI:H DG>:CIf:H 96CH A6 BgB: 9>G:8I>DC DC 8DCHI6I: JC: 7G>HJG: 9: A6 HNBfIG>: AD86A: 9: A6 GDI6I>DC :II: 7G>HJG: :HI A>f: ` A6 7G>HJG: 9: A6 HNBfIG>: 9: ?6JI>DCH 9: E=6H: JC fAfB:CI 9: HNBfIG>: :HI HD>I EGfH:CI HD>I 67H:CI &6>H :C 6J8JC 86H DC C: E6HH: 8DCI>CoB:CI 9TJC: HNBfIG>: ` JC: 6JIG: "A N 6 9>H8DCI>CJ>If 9:H FJ:H ADGHFJ: A: : 9TJC: E=6H: 9>[eG: 9J : 9: AT6JIG: E=6H:

-G6CH>I>DCH 9: E=6H: %DGHFJTJC HNHIeB: E=NH>FJ: 8=6CHI: ` A6 8D:M>HI:C8: 9: 9:JM HDJH HNHIeB:H =DBD<eC:H 6JM EGDEG>fIfH 9>[fG:CI:H 6EE:AfH 80);-;

%6 IG6CH>I>DC 9: E=6H: 8T:HI ` 9>G: A: E6HH6:CI :C ;6>H6CI K6G>:G 8DCI>CoB:CI A6 K6A:JG 9: E6G6BeIG:H >CI:CH>;H I:BEfG6IJG: EG:HH>DC 8=6BE fA:8IG>FJ: DJ B6FJ: :I8 %6 9>H8DC I>CJ>If 9: 8:GI6>C:H :C GfHJAI: 86G68IfG>H: A6 IG6CH>I>DC 9: E=6H: %T:M:BEA: A: EAJH 8DCCJ 9: IG6CH>I>DC 9: E=6H: :HI 8:AJ> 9: AT:6J FJ> E6HH: 9: ATfI6I HDA>9: FJ>9: :I 9: ATfI6I A>FJ>9: ` ATfI6I H >A :M>HI: 9T6JIG:H IG6CH>I>DCH >IDCH A:H IG6CH>I>DCH B6FJ:H HJE:GSJ>9:H HJEG68DC9J8IG>8:H 9TDG9G: 9fHDG9G: 96CH A:H 6A A>6FJ:H :I A:H 8G>HI6JM A>FJ>9:H :I8 (C 9>HI>C<J: 9:JM INE:H 9: 8A6HH>R86I>DC A6 8A6HH>R86I>DC 9T=G:C;:HI :I A6 8A6HH>R86I>DC 9: %6C96J %6 8A6HH>R86I>DC 9: %6C96J H:G6 :MEA>FJf: 96CH A: E6G6K6CI "0L7:1,- )6,)= 6CH A6 8A6HH>R86I>DC 9T=G:C;:HI DC 9>HI>C<J: 9:H IG6CH>I>DCH 9: EG:B>:G :I 9: H:8DC9 DG9G: .C: H8DCI>CJ>If 9:H 9fG>Kf:H EG:B>eG:H 9: AT:CI=6AE>: A>7G: & 4 3 2 / 5

& & 5 2 / 1 3 1 CIG: A:H 9:JM E=6H:H A:H KDAJB:H :I A:H :CIGDE>:H HDCI 9DC8 9>[fG:CIH

)DJG 9:JM ED>CIH KD>H>CH ?& 2 ?3 5 ?/ :I ?& 2 ?3 5 ?/

)=fCDBeC:H 8G>I>FJ:H

ATfIf ?& ?& :CIG6iC: A6 :-4)DC %:H :M:BEA:H 8A6HH>FJ:H 9: IG6CH>I>DC 9: EG:B>:G DG9G: HDCI A:H IG6CH>I>DCH :CIG: A:H IGD>H fI6IH HI6C96G9H HDA>9: A>FJ>9: H 9:H G:HIG>8I>DCH %6 IG6CH>I>DC A>FJ>9: I>DC :HI 9J H:8DC9 DG9G:

.C: H8DCI>CJ>If 9:H 9fG>Kf:H EG:B>eG:H 9: AT:CI=6AE>: A>7G: "A N 6 :C G:K6C8=: 9>H8DCI>CJ>If 9:H 9fG>Kf:H H:8DC9:H DJ 9:H 9fG>Kf:H 9TDG9G: HJEfG>:JG 6CH 8: 86H :C f8G>K6CI ATfIf 9:H :CIGDE>:H HJG A6 8DJG7: 9TfFJ>A>7G: 9: A6 EG:HH>DC :C ;DC8I>DC 9: A6 I:BEfG6IJG: :CIG: A:H E=6H:H D 2A 2A ?3 ?/ ?2A 3 / 1 DC D7I>:CI

0 0 "H ?/ 1 - 1 0 0 ?3 3 5 - 1 - 1

:MEG:HH>DC 96CH A6FJ:AA: DC 6 >CIGD9J>I A6 K6G>6I>DC 9: 8=6A:JG HEf8>RFJ: "H :I A: 8D:Z8>:CI 9: 9>A6I6I>DC 9DCCfH E6G 2 2 5 "H 3 3 5 / 1 5 3 ,JG 8:II: BgB: 8DJG7: DC 6 fIf 9:H KDAJB:H 5 3 / 5 3 / C 9fK:ADEE6CI AT:MEG:HH>DC 5 3 ?3 / ?/ 5 3 ?3 / ?/ DC 6 5 5 5 3 / ?3 ?/ 3 / 1 5 5 ?3 ?/ 5 3 / 3 / 1 9TDn DC :C 9f9J>I A6 9fG>Kf:

3 3 ?/ 1 - 1 3 3 ?3 - 1 - 1

Dn :HI A: 8D:Z8>:CI 9: 8DBEG:HH>7>A>If 5 5 / 1

-=fDG>: 9: %6C96J

%TfIf 9:H 9:JM :MEG:HH>DCH 9: A6 9fG>Kf: 9: A6 EG:HH>DC :C ;DC8I>DC 9: A6 I:BEfG6IJG: 8DC9J>I ` A6 :-4)I>FJ:H :I AD>H 9Tf8=:AA:H

CRC A6 HJH8:EI>7>A>If >HDI=:GB: G:A6I>K: 6J E6G6BeIG: 9TDG9G: H C 1 :HI A6 9fG>Kf: 9J E6G6BeIG: 9TDG9G: H H3 C E6G G6EEDGI ` HDC E6G6 BeIG: >CI:CH>; 8DC?J<Jf C %: EDI:CI>:A I=:GBD9NC6B>FJ: & % 3 H CH :HI B>C>B6A H> K6CI 8:II: :MEG:HH>DC E6G C DC >CIGD9J>I A6 HJH8:EI>7>A>If FJ> KfG>R: H>C6I: ADGHFJ: C I:C9 K:GH A6 HJH8:EI>7>A>If K6JI H>C67>A>If >HDI=:GB: H: 8DBEDGI: 9DC8 8DBB: 3 3; %: BD9eA: 9: %6C96J :HI JC BD9eA: 6EEGDM>B6I>; 6CH A: 86H 9J BD9eA: 9T"H>C< ` 9:JM 9>B:CH>DCH FJ: CDJH K:GGDCH EAJH AD>C A6 HDAJI>DC :M68I: 9DCC: JC E6G6BeIG: 9TDG9G: FJ> K6G>: 8DBB: H 3; 3 :I JC: HJH 8:EI>7A>If FJ> H: 8DBEDGI: 8DBB: 3; 3 %Tf86GI K>:CI 9J ;6>I FJ: A6 I=fDG>: 9: %6C96J CfH>C6C<JA6G>If : BD9eA: 6 IDJI:;D>H E:GB>H ` %6C96J :I >CO7JG< 9: EGfKD>G 9:H 8DBEDGI:B:CIH HEf8>RFJ:H ` A6 HJEG6 8DC9J8I>K>If

MEDH6CIH 8G>I>FJ:H :I AD>H 9Tf8=:AA:H %: 8DBEDGI:B:CI 9:H FJ:H H>C<JA>eG:H 6J KD>H>C6HH6C8: 9: @3 3; @ (C 9fRC>I 6>CH> A:H :MEDH6CIH :I E6G A6 8=6A:JG HEf8>RFJ:

"N 3 @3 3; @ AT6>B6CI6I>DC :I A6 HJH8:EI>7>A>If

, 3 @3 3; @

3 @3 3; @

': E6H 8DC;DC9G: AT:MEDH6CI 8G>I>FJ: 6K:8 A6 I:BEfG6IJG: F 3 FJ> HDCI IG69>I>DCC:AA:B:CI CDIfH E6G A6 BgB: A:IIG: %: E6G6BeIG: :HI A: 8DBEDGI:B:CI 9: AT6>B6CI6I>DC :C ;DC8I>DC 9J 8=6BE B6FJ: ! ` A6 I:BEfG6IJG: 8G>I>FJ: 3; , 3; ! @!@


%T:M>HI:C8: 9:H H>C<JA6G>IfH 9:H FJ:H :HI A>f: 6JM SJ8IJ6 I>DCH 8G>I>FJ:H )DJG B:HJG:G 8:H SJ8IJ6I>DCH DC >CIGD9J>I JC: 6>B6CI6I>DC AD86A: HS 6J ED>CI S 9DCI A6 BDN:CC: :HI AT6>B6CI6I>DC If 9: KDAJB: 5 ?S , 3 HS 5 %T6>B6CI6I>DC AD86A: SJ8IJ: 6JIDJG 9: H6 K6A:JG BDN:CC: >H? %6 ;DC8I>DC 9: 8DGGfA6I>DC :C 9:JM ED>CIH S :I T :HI 9fRC>: E6G A6 ;DC8I>DC 1S T >HSHT? >HS? >HT? ^ HI6C8: ADGHFJ: @S T@ A6 ;DC8I>DC H: 8DBEDGI: 8DBB: JC: :MEDC:CI>:AA: @T S@ 1S T '71 :I 9fRC>I A6 476/=-=: ,- +7::L4)H>C6 I>FJ: :C AT67H:C8: 9: 8=6BE B6FJ: 8:II: ADC<J:JG 9fRC>I AT:MEDH6CI Q N

@3 3; @

)DJG JC BD9eA: 9: 9>B:CH>DC ? A6 ;DC8I>DC 9: 8DGGfA6I>DC 9f8GDiI 6J KD> H>C6I AT:MEDH6CI ,6 IG6CH;DGBf: 9: DJG>:G K6G>: 8DBB: : 1F

@F@ (C 9fBDCIG: :C JI>A>H6CI 9:H 8=6CfIfH 9:H ;DC8I>DCH =DBD<eC:H FJ: A:H 8D:Z8>:CIH Q :I HDCI A>fH 6JM 6JIG:H :MEDH6CIH E6G 9:H :-4):CIH HDCI JC>K:GH:AA:H :JM :MEDH6CIH HJZH:CI ` 9fI:GB>C:G 8DBEAeI:B:CI A: HNHIeB: 6J KD>H>C6I>DC (C 6 A:H G:A6I>DCH

&D9eA: 9T"H>C
K6CI 9DCC: A:H K6A:JGH 9: 8:H 8D:Z8>:CIH EDJG 9>[fG:CIH BD 9eA:H

7,K4=6BE BDN:C "H>C< ? "H>C< ? 12 ? !:>H:C7:G< ? & ?

Q

%: 9:GC>:G BD9eA: 9J I67A:6J :HI JC: B6G8=: 6Af6ID>G: 6JID fK>I6CI: !-4. >71,16/ %)43 8T:HI ` 9>G: I:AA: FJ: A6 IG6?:8ID>G: 9: A6 B6G8=: C: H: G: 8DJE: ?6B6>H :H B6G8=:H HDCI JI>A>Hf:H EDJG BD9fA>H:G 9:H 8=6iC:H 9: EDANBeG:H 8DBB: A: EDANfI=NAeC: FJ> GfEeI: A: G69>86A ! DJ A: EDANHIN GeC: FJ> G:HH:B7A: 6J EDANfINAeC: B6>H FJ> 86A ! A: G69>86A ! ` A6 EA68: 9TJC 6IDB: 9T=N9GD<eC: IDJH A:H 9:JM G69>86JM

%DGHFJ: A6 9>B:CH>DC 9J HNHIeB: ? 6JCI JC: K6A:JG 6EE: Af: A6 ,15-6;176 +:1I>FJ:H C: K6G>:CI EAJH )DJG A: BD9eA: 9T"H>CHDCH A:H .76+C< ;:GGDB6FJ: A6 IGD>H>eB: ;DC8I>DC 9: .GH:AA :HI EDH>I>K: P D E F : GfHJAI6I :HI 8DCCJ HDJH A: CDB 9T16L/)41C>7G: !JGHI ,=:G B6C

)DJG JC HNHIeB: 9T"H>C< ;:GGDB6FJ: 6J EAJH EGD8=: KD>H>C > : 9DCI AT>CI:G68I>DC C: EDGI: FJ: HJG A:H KD>H>CH 69?68:CIH :C AT67H:C8: 9: 8=6BE :MIfG>:JG :I EDJG 9:JM H>I:H D :I E RMfH H> :HI AT:CH:B7A: 9:H H>I:H HfE6G6CI D :I E 8T:HI ` 9>G: I:A FJ: IDJI 8=:B>C 9: D ` E 6 JC: >CI:GH:8I>DC CDC K>9: 6K:8 6ADGH A6 K6A:JG BDN:CC: 9: 2A 2B KfG>R: AT16L/)412A 2C ? >2B 2C ? >2A 2B ? C

&D9eA: 9T"H>C
CfIf 6 EDJG 8DCHfFJ:C8: FJ: H> A6 K6A:JG BDN:CC: >2A 2B ? :HI B6?DGf: E6G JC: ;DC8I>DC EJ>HH6C8: >2A 2B ?

" @D E@

Dn ? 6ADGH 8:II: K6A:JG BDN:CC: 9f8GDiI 8DBB: JC: :MEDC:CI>:AA: 6JIG:B:CI 9>I >A :M>HI: 9:H 8DCHI6CI:H P :I I:AA:H FJ: @D E@ >2A 2B ? P '71 ";0N81 L A:1 0591:?5;: (C 8DCH>9eG: JC: 8=6iC: 9: - HE>CH fFJ>9>H I6CIH EA68f: 96CH JC 8=6BE B6FJ: 9T>C9J8I>DC ! (C HJEEDH: FJ: AT>CI:G68I>DC C: 8DC8:GC: FJ: A:H EG:B>:GH KD>H>CH :I C: 9fE:C9 E6H 9:H H>I:H )AB ) A:H HE>CH DCI I:C96C8: ` gIG: E6G6AAeA:H 6ADGH FJ: H> ) A:H HE>CH HDCI 6CI>E6G6AAeA:H %: 8=6BE B6FJ: :MIfG>:JG ! :HI 8DCHI6CI

%: =6B>AIDC>:C :HI 9: A6 ;DGB: 3 3 )2A 2B ! 2A ' A

&AB'

Dn :HI JC: 8DCHI6CI: 6EE:Af: B6G: >D E? :HI EG>H: :CIG: EG:B>:GH KD>H>CH %6 ;DC8I>DC 9: E6GI>I>DC 86CDC>FJ: HTf8G>I , 3 3 3 '71 )2A 2A !2A 9 0

A

0

C AT67H:C8: 9: 8=6BE B6FJ: ! A6 ;DC8I>DC 9: E6GI>I>DC H: Gf9J>I ` 9

3 0

, 3 4

%03*) 2A 2A 3+/*)

0 A ,

%03*)

3 0

, 3 4

2A 2A 4$/*)

0 A

,> A:H 9:JM :MIGfB>IfH 9: A6 8=6iC: HDCI DJK:GI:H 2, >A CTN 6 FJ: - I:GB:H FJ> >CI:GK>:CC:CI :I 9 %03*), ,> A6 8=6iC: :HI ;:GBf: :C JC 8:G8A: 2, 2 8:H 8DC9>I>DCH A>B>I:H EfG>D9>FJ:H >BEDH:CI JC I:GB: HJEEAfB:CI6>G: DC HDBB: HJG - I:GB:H :I A6 ;DC8I>DC 9: E6GI>I>DC :HI 9 %03*), 3+/*),


C EGfH:C8: 9: 8=6BE B6FJ: ! EDJG JC: 8=6iC: ;:GBf: 2, 2 A6 ;DC8I>DC 9: E6GI>I>DC HTf8G>I HDJH ;DGB: B6IG>8>:AA: , 3 3 3 9 '71 )2A 2A !2A 0

3

0

A

0

3

3 3, , 3,

0

Dn 3 :HI A6 B6IG>8: 9DCI A: I:GB: FJ: :HI 2A 2A 3AB '71 )2A 2A ! DJ :C8DG:

3

6K:8

3

@(

3 @(

3

3

3 3

3 @( 3 @(

6CH 8:H 8DC9>I>DCH A6 ;DC8I>DC 9: E6GI>I>DC :HI A6 IG68: 9: A6 B6IG>8: 3 , 9 IG3 , %: 86A8JA 9:H K6A:JGH EGDEG:H 9: 3 E:GB:I A: 86A8JA 9: 8:II: IG68: C >CIGD 9J>H6CI A6 B6IG>8: 9: E6HH68: 9>6DC 9: E6GI>I>DC K6JI , 9 IG3 , ,

%:H K6A:JGH EGDEG:H 9: 3 HDCI A:H G68>C:H 9: ATfFJ6I>DC @( %03* ! 3+/*) 9TDn (

@

@ %03* ! @ ( 3+/* ! @ (

%TfC:G: A>7G: HTf8G>I :C ;DC8I>DC 9:H K6A:JGH EGDEG:H %

F 3 -/ 9

- F 3 -/ F 3 -/

,

%DGHFJ: - :HI 7>A>If B6FJ: 6K:8 C ! % , - @ ( C @ C @

&D9eA: 9T"H>C
G:HI: RC>: ` IDJI: I:BEfG6IJG: -DJI:H A:H ;DC8I>DCH I=:GBD9NC6B>FJ:H HDCI Gf<JA>eG:H "A CTN 6 E6H 9: IG6CH>I>DC 9: E=6H: 9J BD9eA: 9T"H>C< :C 9>B:CH>DC "A CTN 6 E6H 9T6>B6CI6I>DC HEDCI6Cf: ,6 K6A:JG BDN:CC: :HI CJAA: >, ? %: 8G>HI6A :HI E6G6B6FJ: C 9>B:CH>DC A: 8G>HI6A :HI ;:GGDB6FJ: A:H HE>CH DCI I:C96C8: ` HT6A>C>B>H:G ATfC:G:

";0N81 L 01AD 0591:?5;:? %: BD9eA: 6 fIf GfHDAJ E6G %6GH (CH6G: DC CDI: D AT67H8>HH: 9TJC H>I: D - :I E HDC DG9DCCf: E , %:H HE>CH HDCI G:I>DCH 6JM A>B>I:H

+

2 2,

%: =6B>AIDC>:C HTf8G>I '

+ 3

' B ' B B

B

%6 ;DC8I>DC ' B 9f8G>I AT>CI:G68I>DC 96CH JC: A>I AT>CI:G68I>DC :CIG: A:H A>DC 9: $GDC:8@:G K6A6CI H> S T :I H>CDC )DJG JC GfH:6J 86GGf :C 9>B:CH>DC ? DC 9fBDCIG: FJ: A: BD9eA: 9: )DIIH EGfH:CI: JC: IG6CH>I>DC 9: E=6H: ` A6 I:BEfG6IJG: 3;

) C F -/ L

)AJH A 6 fIf 9fBDCIGf FJ: A6 ;DC8I>DC 9: E6GI>I>DC 9TJC BD9eA: 9: )DIIH HJG JC CH SJ8IJ6I>DCH 9: H: E6G AT6EE6G>I>DC 9: KDGI:M DJ IDJG7>AADCH FJ> HDCI 9:H DG>:CI6I>DCH 8>G8JA6>G:H 9:H HE>CH 6JIDJG 9TJC ED>CI ^ 76HH: I:BEfG6IJG: A: HNHIeB: :HI DG9DCCf 6K:8 9:H >AlIH 9T6>B6CI6I>DC 9: IDJI:H I6>AA:H %DGHFJ: A6 I:BEfG6IJG: 6J7G:H 6EE6G6>HH:CI 6J KD>H>C6 9fHI67>A>H:CI ATDG9G: 9:H DC9:H 9: HE>CH


EEGDM>B6I>DCH 9: 8=6BE BDN:C %6 BfI=D9: 9J 8=6BE BDN:C EGDEDHf: E6G 0:>HH :C 8DCH>HI: ` G:B EA68:G A: EGD7AeB: 9:H HE>CH :C >CI:G68I>DC E6G JC EGD7AeB: 9: HE>CH >C9f E:C96CIH EA68fH 96CH JC 8=6BE BDN:C EGD9J>I E6G AT:CH:B7A: 9:H 6JIG:H HE>CH : FJ> G:K>:CI ` G:BEA68:G AT=6B>AIDC>:C 9: 9fE6GI >8> EDJG A: BD9eA: 9T"H>C2B ?& ! 2A A

B

3 ), ! 2A

A

A

,:ADC FJ: A: HE>C :HI 9>G>I: 6 9:JM K6A:JGH $A L), ! Dn L :HI A: CDB7G: 9: EAJH EGD8=:H KD>H>CH E6G H>I: %: 86A8JA 8A6HH>FJ: 9J E6G6B6HB: 9DCC: A6 K6A:JG BDN:CC: L), ! >2A ? 4$/* F 3 %6 B6H6I>DC KfG>R: A6 G:A6I>DC 9: 8D=fG:C8: HJ>K6CI: 6EE:Af: L9=) HTf8G>I HDJH A6 ;DGB: 4$/* ,

! L) , F 3 F 3

C 8=6BE CJA AT6EEGDM>B6I>DC 9: 8=6BE BDN:C 8DC9J>I ` JC: 6>B6CI6I>DC HEDCI6Cf: H> L) 3 3; F J KD>H>C6I>FJ: AT6>B6CI6I>DC :HI E:I>I: :I A: 9f K:ADEE:B:CI 9: 4$/* , , , .,

8DC9J>I `


, 3; 3

%6 K6A:JG 9: AT:MEDH6CI 8G>I>FJ: :HI 9DC8 )6G 9fG>K6I>DC A: 86A8JA 9: A6 HJH8:EI>7>A>If BDCIG: FJ:


%6 BfI=D9: 9J /:7=8- ,- :-67:5)41;)AHDC 96CH A:H 6CCf:H 8DCH>HI: ` 8DCH>9fG:G A: HNHIeB: >CK6G>6CI 9Tf8=:AA: 6J KD>H>C6CI 8G>I>FJ: AA: H: 9fGDJA: :C IGD>H I:BEH DCH>9fGDCH ` ? 9>B:CH>DCH JC GfH:6J 9: HE>CH 9DCI A6 B6>AA: :HI < 6CH JC EG:B>:G I:BEH A6 BfI=D9: 8DCH>HI: ` 9fRC>G 9:H 7AD8H 9: HE>CH 9: I6>AA: = E6G G: CIH 9J GfH:6J >C>I>6A 6CH A: CDJK:6J GfH:6J 9: B6>AA: 67A:H 9: HE>CH 6EE:AfH E6G;D>H ;=8-: ;816; (C G:BEA68: 6>CH> =< H>I:H E6G JC H:JA HE>C 6CH JC 9:JM>eB: I:BEH DC 86A8JA: A: CDJK:A =6B>AIDC>:C EDJG A:H K6G>67A:H 9: 7AD8H CRC 96CH JC IGD>H>eB: I:BEH DC G:K>:CI ` A6 I6>AA: >C>I>6A: E6G JC: IG6CH;DGB6I>DC HJG A:H ADC<J:JGH = :I A6 9:CH>If 9: HE>C )DJG 9fI:GB>C:G A:H EGDEG>fIfH 9J HNHIeB: ` HI6C8: 8:H DEfG6I>DCH HDCI HDJK:CI >IfGf:H (C 9fRC>I 6>CH> JC SDI 9T=6B>AIDC>:CH 9DCI A6 A>B>I: :HI AT=6B>AIDC>:C G:CDGB6A>Hf :I =6B>AIDC>:C GfHJAI6CI ' :HI A>f ` AT=6B>AIDC>:C >CI>6A ' E6G JC: IG6CH;DG B6I>DC 1M Dn P :HI A: .)+ DC C: BD9>R: E6H A6 E=NH>FJ: 9J HNHIeB: C E6GI>8JA>:G A:H ;DC8I>DCH 9: E6GI>I>DCH HDCI A:H BgB:H 5 5 9 @& ? @& ? ,> 9& + 9fH>DC 9: E6GI>I>DC 9J HNHIeB: >C>I>6A 9: I6>AA: + 6ADGH 9& + 9& += ,> DC CDI: * A: 8DJEA6B:CH>DCC:A :CIG: HE>CH 9J GfH:6J >C>I>6A :I * A: 8DJEA6CH A6 G:CDGB6A>H6I>DC 1 IG6CH;DGB: * :C * 1* %: ED>CI 8G>I>FJ: *; :HI A: ED>CI RM: 9: 8:II: IG6CH;DGB6I>DC *; 1*; 1 *; %6 IG6CH;DGB6I>DC 1 8DC9J>I ` A6 9fI:GB>C6I>DC 9:H :MEDH6CIH 8G>I>FJ:H %:H ADC<J:JGH 9: 8DGGfA6I>DC :I = N

@* *; @ KfG>R:CI

N

@* *; @

N

= @1* *; @


9TDn DC I>G: A6 K6A:JG 9: AT:MEDH6CI 8G>I>FJ: Q

-/ = -/ = 1* *; -/ 1 *; -/ * *;

Dn 1 :HI A6 9fG>Kf: 9: 1 :C I6CI FJ: ;DC8I>DC 9: *

";0N81 0I?5:3 ?A> >O?1-A @>5-:3A8-5>1 (C 8DCH>9eG: JC: 6HH:B7Af: 9: HE>CH :C 9:JM 9>B:CH>DCH HJG JC GfH:6J IG>6C<JA6>G: %:H HDBB:IH 9: 8=6FJ: IG>6CC (C H: EGDEDH: 9: 86A8JA:G A: ED>CI RM: *; %T=6B>AIDC>:C 9J HNHIeB: :HI 9: A6 ;DGB: 3 3 ' * 2A 2B C 2 A A

&AB'

(C HJEEDH: 96CH 8: FJ> HJ>I FJ: C 67H:C8:C9: 8=6BE :MIfG>:JG (C G:CH E6G IG>6CCH ,D>I 2 2 :I 2 A:H HE>CH 9J IG>6CI A: HJE:GHE>C E6G A: H>H HE>CH 8DBEDH6CI A: IG>6CH6I>DC

6CH JC IG>6CDC 6 JC: fC:G: * :I IGD>H 6JIG:H DCI JC: fC:G: * fIJ9>:G IDJH A:H 86H 2 2 2 DBB: >A N 6 - - H>I:H DC 6 9 @) @) , )DJG 86A8JA:G A6 ;DC8I>DC 9: E6GI>I>DC 9 9:H 7AD8H :C >CI:G68I>DC >A ;6JI 8DCH>9fG:G 9:JM IG>6CH>CH ATJC 6J 9:HHJH 9: AT6JIG: ,D>I A: IG>6C6CCI:G68I>DC 6J EAJH EGD8=: KD>H>C H:JA: 8DBEI: AT>CI:G68I>DC 9J HDBB:I 9J IG>6C6C : A:H EAJH EGD8=:H 9J HDBB:I 9:

%T>CI:G68I>DC :CIG: 9:JM 7AD8H HTf8G>I 9DC8 ( *2 2 2 %6 K6A:JG BDN:CC: 9: 8:II: fC:G: 9T>CI:G68I>DC K6JI >( ?

* >2 2 2 ? * >2 2 ? * >2 ? >2 ?

86G A:H H>I:H :I ?DJ:CI 9:H GlA:H >9:CI>FJ:H %6 K6A:JG BDN:CC: :HI >2 ?

3 2 '71 *2 2 2 2 2 2 9

)DJG 2 DC 6 FJ6IG: 8DCR<JG6I>DCH EDHH>7A:H 9: BgB: HJE:GHE>C @) @) @) @) @) @) :I EDJG 2 DC 6 6JHH> FJ6IG: 8DCR<JG6I>DCH EDHH>7A:H 9: BgB: HJE:GHE>C @) @) @) @) @) @) TDn >2 ?

) @ @) 9 @) @)

@) @)

(C :C 9f9J>I A6 K6A:JG 9: AT>CI:G68I>DC BDN:CC: ) @ @) >( ? *

@) @) :I A6 G:A6I>DC :CIG: * :I * * *

@) @) @) @)


%6 G:A6I>DC 6 9:JM ED>CIH RM:H IG>K>6JM EDJG *; 3; :I *; 3; %: ED>CI RM: CDC IG>K>6A 9: 8:II: G:A6I>DC *;

C -/

E6GI6DC :M68I: 9J BD9eA: IG>6C<JA6>G: 9DCC: *; -/ : 8:II: K6A:JG DC :C 9f9J>I AT:MEDH6CI 8G>I>FJ: -/ = -/ 1 *;

Q

Dn 1 :HI A6 9fG>Kf: 9: A6 IG6CH;DGB6I>DC 9: G:CDGB6A>H6I>DC :I = A: ;68I:JG 9Tf8=:AA:

C

:HI

,NHIeB:H 9fHDG9DCCfH /:GG:H 9: HE>C %:H K:GG:H 9: HE>C HDCI 9:H B6IfG>6JM CDC B6FJ:H 8DBB: A: 8J>KG: 96CH A:HFJ:AH DC >CIGD9J>I 6J =6H6G9 9:H >BEJG:IfH B6FJ:H 8DBB: A: B6CC :HI J&C Dn A: B6CC EGfH:CI:CI 9:JM EGDEG>fIfH :HH:CI>:AA:H FJ: HDCI A: 9fHDG9G: 9o ` A6 GfE6GI>I>DC 6Af6ID>G: :I A6 ;GJHIG6I>DC 9J: 6JM 8DCIG6>CI:H :CIG: A:H >CI:G68 I>DCH %: =6B>AIDC>:C :HI JC =6B>AIDC>:C 8A6HH>FJ: 9T"H>C:CIH 9T>CI:G68I>DC )AB HDCI 9:H K6G>67A:H 6Af6ID>G:H

3 3 )AB 2A 2B ! 2A

'

AB

A

%:H E6>G:H ;:GGDB6FJ:H :I 6CI>;:GGDB6FJ:H HDCI 9>HIG>7Jf:H 6Af6 ID>G:B:CI HJG A: GfH:6J AA:H EGD9J>H:CI 9:H >CI:G68I>DCH FJ> :CDCH "A CT:M>HI: EAJH JC H:JA fI6I 9TfC:G: A: EAJH 76H B6>H JC: BJAI>IJ9: 9TfI6IH 9TfC:G:H KD>H>C:H :CIG: A:HFJ:AH A: HNHIeB: =f H>I: "A 8=:G8=: 9fH:HEfG:B:CI JC fFJ>A>7G: FJT>A C: IGDJK: E6H ^ 76HH: I:BEfG6IJG: A:H HE>CH HDCI DCH 6Af6ID>G:H (C 9>I FJ: A: ,L;7:,:- -;< /-4L %DGHFJ: A6 I:BEfG6IJG: 6JHI>FJ:H 9:H K:GG:H 9: HE>C

";0N81 0I0C->0?:01>?;: 6CH A: BD9eA: 9T9L6G9H C9:GHDC AT=6B>AIDC>:C 9T"H>C< :HI JC: HDBB: HJG A:H EAJH EGD8=:H KD>H>CH

3 3 ' )AB 2A 2B ! 2A &AB'

A

):G8DA6I>DC

%:H 8D:Z8>:CIH )AB HDCI 9:H K6G>67A:H 6Af6ID>G:H >C9fE:C96CI:H 9: BgB: AD> :CC:H 8:CIGf:H Gf9J>I:H

! )AB C @

";0N81 01 '41>>5:3@;: 5>75/7 %: BD9eA: 9: ,=:GG>CG@ E6IG>8@ :HI JC: 6EEGDM>B6I>DC :C 8=6BE BDN:C 9J BD9eA: EGf8f9:CI 96CH A:FJ:A DC HDBB: HJG IDJH A:H HE>CH

3 ' )AB 2A 2B AB

%:H 8DJEA6K:CI JC: AD> :CC: )AB

! C @

(C 9fBDCIG: FJ: A6 E=6H: K:GG: 9: HE>CH :M>HI: :C EGfH:C8: 9TJC 8=6BE B6FJ: :C 9:HHDJH 9TJC: A>I: IGD>H DC 9: 8:H BD9eA:H 6CH A6 5LDC 9: 8DoI 9TJC EGD7AeB: 9TDEI>B>H6I>DC 6CH A6 5LA>H: EDJG 86A8JA:G A6 BDN:CC: 9: ATfC:G: A>7G: AT6EEGDM> B6I>DC >9 F ? >% ? F 3 >-/ 9? F 3 -+. F I (C HJEEDH: 9DC8 FJ: A: HNHIeB: :HI ;DGBf 9: I GfEA>FJ:H >C9fE:C96CI:H

C 9>B:CH>DC RC>: 96CH A6 5LC:H HDCI 6EE:AfH 9:H DC ,6KD>G H> JC SJ>9: E:JI E:G8DA:G E6G 86E>AA6G>If DJ E6G If 96CH JC B>A>:J EDG:JM :HI JC: FJ:HI>DC 8:CIG6A: 9:H E=fCDBeC:H 9: E:G8DA6I>DC %:H BD9eA:H 9>H8G:IH 9: E:G8DA6I>DC HDCI 9:H G:B:CI 9:H E6GI>8JA:H HJG A:H HDBB:IH E:G8DA6I>DC 9: H>I:H DJ HJG A:H 6GgI:H E:G8DA6I>DC 9: A>:CH (C CDI: K A6 EGD767>A>If 9TD88JE6I>DC 9TJC H>I: DJ 9TJC A>:C (C HDJ=6>I: 86A8JA:G A6 EGD767>A>If A>B>I: / ( ! 9: IGDJK:G JC 8=:B>C FJ> IG6K:GH: A: 9DB6>C: ( 9J GfH:6J 9TJC 6G8 9: A6 ;GDCI>eG: K:GH JC 6G8 ! 9: A6 ;GDCI>eG: ADGHFJ: A6 I6>AA: 9J 9DB6>C: 9:K>:CI >CRC>: H68=6CI FJ: A: 8=:B>C E6HH: Cf8:HH6>G:B:CI E6G A:H EAJH


EGD8=:H KD>H>CH 9: H>I:H DJ 9: A>:CH %6 FJ:HI>DC 6 fIf EDHf: E6G GD697:CI :C 6CH A:H BD9eA:H :MEfG>B:CI6JM DC 8DCHI6I: FJ: 8:II: EGD767>A>If / :HI CJAA: H> K K; :I HJ>I JC: AD> EJ>HH6C8: / K K; 6J 9:A` 9: A6 EGD767>A>If 8G>I>FJ: K; >:C FJ: A6 I:BEfG6IJG: CT>CI:GK>:CC: E6H 8:H BD9eA:H EGfH:CI:CI A:H 86G68IfG>HI>FJ:H 9TJC: IG6CH>I>DC 9: E=6H:

C 86I>DC 8DC;DGB: 9: ( HJG ( > : 8DCH:G K6CI A:H 6CA>If / :HI >CK6G>6CI: / ( ! / ( ! %6 EGD767>A>If 9: E:G8DA6I>DC K; 9: H>I:H DJ 9: A>:CH K6G>: H:ADC A: INE: 9: GfH:6J H6 9>B:CH>DC ? :I H6 8DCC:8I>K>If U

+fH:6J !:M66C<JA6>G: J7>FJ: J7>FJ:

?

U

K; H>I:H

K; A>:CH

)DJG JC GfH:6J 86GGf HDJH A: H:J>A 9: E:G8DA6I>DC >A :M>HI: 9:H 6B6H 9: E6GI>8JA:H 8DCC:8If:H FJ> HH:CI 6K:8 A6 EGD767>A>If 9TD88JE6I>DC ^ K K; >A CT:M>HI: EAJH 96CH 8:GI6>C 86H FJTJC H:JA 6B6H JC>FJ: >CRC> %6 9NC6B>FJ: 9: 8:H 6B6H :HI B6A 8DCCJ: "A H:B7A: FJ: 8:GI6>CH E6G6BeIG:H HD>:CI A>fH ` A6 9>B:CH>DC ;G68I6A: 9: AT6B6H )DJG 86G68IfG>H:G A6 E:G8DA6I>DC DC 8=:G8=: 9:H ;DC8I>DCH FJ> 9fE:C9:CI 9: A6 EGD767>A>If 9TD88JE6I>DC K :I FJ> HJ>K:CI 6J KD>H>C6 9: EJ>HH6C8: (C 9fBDCIG: FJ: A: EGD7AeB: 9: A6 E:G8DA6I>DC :HI fFJ>K6A:CI ` JC BD9eA: 9: )DIIH 6K:8 L

%6 I6>AA: 9:H 6B6H HJ>I JC: AD> 9: EJ>HH6C8: 9: A6 ;DGB: N

+ @K K; @

%: CDB7G: BDN:C 9: H>I:H FJ> 8DBEDH:CI JC 6B6H HJ>I 6JHH> JC: AD> 9: EJ>HH6C8: 2 @K K; @ %:H :MEDH6CIH 8G>I>FJ:H Q HDCI >C9fE:C96CIH 9: A6 HNBfIG>: 9J GfH:6J

"AH 9fE:C9:CI :C G:K6C8=: 9: A6 9>B:CH>DC ? 9J GfH:6J :I EG:CC:CI A:H BgB:H K6A:JGH 6J 9:A` 9TJC: 9>B:CH>DC 8G>I>FJ: 6CH A6 I67A: 8> 9:HHDJH A6 9>B:CH>DC 8G>I>FJ: :HI ?

?

Q

M:G8>8:H

)DJG 9:H GfH:6JM IG>6C<JA6>G:H %6LA:G ,8=G6BB ,B>GCDK :I 0:GC:G DCI 9fBDCIGf 9:H AD>H 9: EJ>HH6C8:H %:JGH EG:JK:H HT6EEJ>:CI HJG 9:H EGDEG>fIfH 9T>CK6G>6C8:H 8DC;DGB:H 9: 8:GI6>C:H EGD767>A>IfH :I 9:H EGD8:HHJH 6Af6ID>G:H FJ: HDCI A:H fKDAJI>DCH 9: ,8=G6BB %D:LC:G

M:G8>8:H D1>/5/1 0)58 57A-6 (C 8DCH>9eG: JC GfH:6J 9: - HE>CH ` B6>AA: 86GGf: 9DCI AT>CI:G68I>DC C: 8DC8:GC: FJ: A:H KD>H>CH A:H EAJH EGD8=:H :I I:AA: FJ: )AB ) %T=6B>AIDC>:C 9J HNHIeB: HTf8G>I HDJH A6 ;DGB: '

3 )3 2A 2B C 2A AB A

%: HNHIeB: :HI CDGB6A>Hf 9: HDGI: FJ: A:H HE>CH EG:CC:CI A:H K6A:JGH 2A

(C HJEEDH: FJ: 8=6FJ: 6IDB: 6 ? KD>H>CH A:H EAJH EGD8=:H 6CH AT6EEGDM> B6I>DC C6jK: 9: 8=6BE BDN:C DC HJEEDH: FJ: A6 EGD767>A>If 9TJC: 8DCR <JG6I>DC 9: HE>C > I 9: ;68I:JGH >C9fE:C96CIH >

, 4

2A

A

6K:8

HA HA 2A 2A (C HJEEDH: FJ: A: 8=6BE :HI JC>;DGB: :I FJ: HA H EDJG IDJI D

_8G>G: ATfC:G: BDN:CC: :I AT:CIGDE>: 9J HNHIeB: :C ;DC8I>DC 9: H

6A8JA:G ATfC:G: A>7G: % 4 3 2 :C ;DC8I>DC 9: H C 9f9J>G: ATfFJ6I>DC 9TfI6I H6I>H;6>I: ADGHFJ: % 69B:I JC :MIG:BJB :I A6 HJH8:EI>7> A>If B6FJ: H C @ 2A

D1>/5/1 -67:5)41;)9eG: JC BD9eA: BDCD9>B:CH>DCC:A 9T"H>C< 9: - HE>CH 9DCI A6 ;DC8I>DC 9: E6GI>I>DC HTf8G>I 3 @CK K K K 9- F K

Dn DC 6 EDHf F ) &DCIG:G FJ: ATDC 6 9- F

3

, 4

K A A >B E6>G

@CK

K

@CK

K


fI:GB>C:G A6 ;DC8I>DC BF :I A6 CDJK:AA: 8DCHI6CI: 9: 8DJEA6G: A6 G:A6I>DC 9: G:CDGB6A>H6I>DC :CIG: 9- F :I 9- F

%TfC:G: A>7G: % fI6CI A>Cf6>G: :C - DC EDH: -/ 9- F fI:GB>C:G CF :C ;DC8I>DC 9: CF

CF

D1>/5/1 :=;H HE>CH EG:C6CI A:H K6A:JGH %TfC:G: IDI6A: 9: 8: HNHIeB: :HI 9: A6 ;DGB: $ N N N N N N 6A8JA:G A6 ;DC8I>DC 9: E6GI>I>DC 9 :I ATfC:G: BDN:CC: 4 9: 8: HNHIeB: (C HJEEDH: B6>CI:C6CI FJ: ATfC:G: 9J HNHIeB: :HI $ N N N N N N 6A8JA:G 9: CDJK:6J A6 ;DC8I>DC 9: E6GI>I>DC 9 :I ATfC:G: BDN:CC: 4 9J HNHIeB: *J: E:JI DC 9>G: 9: A6 ;GJHIG6I>DC 9: 8:H HNHIeB:H ADGHFJ: 3 .C HNHIeB: :HI 9>I .:=;A CT:M>HI: E6H 9: 8DCR<JG6I>DC 9:H HE>CH FJ> A: H6I>H;6>I D1>/5/1 7,K4- I ;1@ >-:9eG: JC GfH:6J EA6C 86GGf 96CH A:FJ:A A:H HE>CH EG:CC:CI A:H K6A:JGH %T>CI:G68I>DC 9:H HE>CH C: EDGI: FJ: HJG A:H 6IDB:H KD>H>CH EA68fH 6J HDBB:I 9: 8=6FJ: 86GGf )DJG JC 86GGf 9DCCf DC CDI: A:H HE>CH D E F G ^ 8=6FJ: 86GGf DC 6HHD8>: JC ED>9H 6EE:Af 871,; ,- 74B5)66 8DCHIGJ>I 9: A6 ;6dDC HJ>K6CI: R R C R R O R R O Dn O :HI JC E6G6BeIG: Gf:A %: ED>9H :HI CJA ADGHFJ: A6 8DC9>I>DC 9: 8DCH:G K6I>DC 9:H HE>CH D E F G CT:HI E6H KfG>Rf: 9TDn A: CDB 9: BD9eA: ` K:GI:M C 6HHD8>6CI A:H 8DJEA:H :I 6JM FJ6IG: EG:B>:GH :CI>:GH DC G:CJBfGDI: A:H A>8: H:ADC 8:H 8DJEA:H : FJ> 8DC9J>I ` 9fRC>G A6 B6IG>8: 1 9:H ED>9H E6G C ' O ( ( C 1' % O O & &DCIG:G FJ: 1 KfG>R: ATL9=)H ` A6 RC 9: A6 H:8DC9: <J:GG: BDC9>6A: %: I:GB: 9: &DCI: 6GAD H: Gf;eG: 6JM 86H>CDH 9: A6 EG>C8>E6JIf 9: &DCI: 6GAD :I 6 H6CH 9DJI: fIf 9DCCf 8DBB: CDB 9: 8D9: ` JC AD8>:A 9: %DH A6BDH E6G KDC ':JB6CC :I .A6B )GD?:I &6C=6II6C %6 EG:B>eG: BJA6I>DC E6G &DCI: 6GAD 6 fIf Gf6A>Hf: :C ` %DH A6BDH E6G ' &:IGDEDA>H , .A6B :I 9T6JIG:H 8DAA67DG6I:JGH J 9f7JI 9J H>e8A: A6 BfI=D9: 6 fIf JI>A>Hf: EDJG A6 GfHDAJI>DC 9: ATfFJ6I>DC 9: DAIOB6CC ,IJ9:CI AT6 JI>A> Hf: EDJG :HI>B:G A: 8D:Z8>:CI 9: 8DGGfA6I>DC 9: H6 9>HIG>7JI>DC :C

%6 EAJE6GI 9:H BfI=D9:H 9: &DCI: 6GAD 8DCH>HI:CI :C 9:H H>BJA6I>DCH :M EfG>B:CI6A:H 9: EGD7AeB:H B6I=fB6I>FJ:H 9fI:GB>C>HI:H DJ HID8=6HI>FJ:H IG6>IfH E6G 9:H I:8=C>FJ:H EGD767>A>HI:H 9DCI A: EAJH H>BEA: :HI A: I>G6G:H %:H EGD7AeB:H FJ: CDJH EGfH:CIDCH 96CH 8: 8=6E>IG: HDCI ATfK6AJ6I>DC 9T>CIfEA:H A6 GfHDAJI>DC 9: HNHIeB: A>Cf6>G:H AT>CK:GH>DC 9: B6IG>8:H A6 H>BJA6I>DC 9: E6GI>8JA:H :I A6 GfHDAJI>DC 9TfFJ6 I>DCH 9>[fG:CI>:AA:H

.C 9:H EGD7AeB:H A:H EAJH 6C8>:CH 9: H>BJA6I>DC 6Af6ID>G: :HI 8:AJ> 9: AT6><J>AA: 9: J[DC %: EGD7AeB: 9: J[DC 8DCH>HI: ` IGDJK:G A6 EGD767>A>If K FJTJC: 6><J>AA: 9: ADC<J:JG ; 8DJE: A:H A6II:H 9TJC E6GFJ:I 9: A6GA:B:CI FJ: K

; ?

DCC6>HH6CI A:H E6G6BeIG:H ; :I ? DC E:JI 8DCHIGJ>G: JC: H>BJA6I>DC 9: I 9>[fG:CIH ?:IH 9: AT6><J>AA: HJG A: HDA :I 86A8JA:G JC: :HI>B6I>DC 9: A6 EGD76


7>A>If :C ;DGB6CI A: G6EEDGI 9J CDB7G: 9: 86H ;6KDG67A:H ADGHFJ: AT6><J>AA: 8DJE: JC: A6II: HJG A: CDB7G: 9: A6C8:GH :[:8IJfH I ,JEEDHDCH FJ: AT6> <J>AA: ;DGB: JC 6CG:8I>DC 9:H A6II:H 9: E6GFJ:I %6 =6JI:JG 9: AT6><J>AA: :HI ; 3+/ %6 EGD767>A>If EDJG FJ: AT6><J>AA: 8DJE: JC: 9GD>I: :HI ; 3+/ ? C HDBB6CI HJG IDJH A:H 6C<J>AA: 9: ADC<J:JG ; HJEfG>:JG: ` A6 A6G<J:JG 9:H A6II:H ; ? DC 6 A6 BgB: EGD767>A>If I6CI FJ: ; 3+/ ? 8T:HI ` 9>G: I6CI FJ: $2%3+/?; J 9:A` H> :HI EAJH A>If K6JI EJ>HFJ: AT6><J>AA: 8DJE: Cf8:HH6>G:B:CI JC: 9GD>I: 9TDn 5 5 "#A>H: L M :I H 6CH AT6AI=B: 9: $CJI= %:L>H DC EG:C9 L :I M :I H :I 96CH AT6AI=B: 9: ,:98@ L M :I H 6CH AT6AI=B: 9: ,8=G6I:G FJ: A:H EGD9J>IH CT:M8e9:CI 7>IH C EG:C6CI L M :I H AT6AI=B: G:EDH: HJG A: 8=D>M 9: 9:JM CDJ K:6JM E6G6BeIG:H < :I = (C 86A8JA: HJ88:HH>K:B:CI TF SF .0& < :I UF "SF : :CI>eG: %:H


K6A:JGH 9: A6 HJ>I: SF HDCI 9DCCf:H E6G LTF =UF SF LTF =UF H

H> LTF =UF H>CDC

6CH AT6AI=B: 9: )6G@ :I &>AA:G DC 8=D>H>I H L < :I = DJ 7>:C H L < :I = %6 BfI=D9: 9: %T8JN:G :BEAD>: 9:JM EfG>D9:H 9>[fG:CI:H H :I H EDJG 8DCHIGJ>G: JC: CDJK:AA: HJ>I: 9DCI A6 EfG>D9: :HI A: EAJH 8DBBJC BJAI>EA: 9:H 9:JM EfG>D9:H %:H K6A:JGH L :I H %T8JN:G :I L :I H 9DCC:CI 9: 7DCH GfHJAI6IH :I 9: ADC<J:H EfG>D9:H

LHH >CK:CIf: E6G &6GH66 36B6C :C :HI JC: BfI=D9: ;68>A: 9T>BEAfB:CI6I>DC FJ> G:EDH: HJG 9: H>BEA:H EGD8f9JG:H 9: 9f86A6G: JC: HJ>I: 9: CDB7G:H EH:J9D 6Af6ID>G:H ` E6GI>G 9: A6 9>K>H>DC :J8A>9>:CC: (F L (F M

.0& H

6K:8 L > :I H C >CIGD9J>H6CI A:H 9f86A69:CI>If 1 :I + HDCI A:H EGD8f9JG:H 9: 9f86A6G:H G:HE:8I>K:B:CI 9GD>I: :I FJ:H

!=17D C688> SF SF SF 96CH A6FJ:AA: DC >CIGD9J>I 9:H G:I6G9H G :I F

SF SFD SFC

.0& H

H :HI :C HH6C8: 9: FJ: CDJH f8G>GDCH H (C 9f BDCIG: FJ: EDJG 8:GI6>C:H K6A:JGH 9J 8DJEA: G F A6 EfG>D9: 9: A6 HJ>I: :HI C :I A: CDB7G: 9: 8N8A:H 9>[fG:CIH :HI C KD>G $CJI

%:H EG:B>eG:H K6A:JGH 9J 8DJEA: G F FJ> KfG>R:CI 8:H EGDEG>fIfH HDCI :I8

!=1G:G 9:H CDB7G:H EH:J9D 6Af6ID>G:H DC 8=D>H>I 9:H ED>CIH GfE6GI>H 9: ;6dDC EAJH DG9DCCf: H: ADC 9:H HJ>I:H 9fI:GB>C>HI:H FJ: ATDC 6EE:AA: 9:H ;=1I: SF F :HI fFJ>GfE6GI>: HJG " #< H> EDJG IDJI < < G>FJ: 9: A6 EGD767>A>If F

3 P% I C

HD>I

F

%F H8GfE6C8: ;6>7A: H> #F S .I -0)I< )DJG JC: HJ>I: FJ:A8DCFJ: SF F DC 9fBDCIG: FJ: A:H B:>AA:JG:H 9>H8Gf E6C8:H HDCI 9: ATDG9G: 9: .I -0)II: SF I I < .0& Dn A:H F HDCI 9:H CDB7G:H >GG6I>DCC:AH >C9fE:C96CIH HJG H6I>H;6>I .I -0)I< EDJG IDJI %:H :M:BEA:H HJ>K6CIH HDCI 9:H HJ>I:H 6G>I=BfI>FJ:H ` 9>H8Gf E6C8: ;6>7A:

'A5@1 01 )-: ;> K :HI JC :CI>:G EDH>I>; K DC CDI: I I IJ 6K:8 IC :I IC K A6 9f8DBEDH>I>DC K 69>FJ: 9: I IJ I I I IJ KJ I K I (C 9fRC>I A6 HJ>I: 9: /6C DGEJI 9: 76H: K 8DBB: A6 HJ>I: I I IJ J PHF K K K 9:H CDB7G:H PHF I I IJ (C 9fBDCIG: FJ: A6 9>H8GfE6C8: 9: 8:II: HJ>I: :HI .I -0)I 'A5@1 01 -8@;: (C H: A6 HJ>I: 9: /6C DGEJI ` 9:H :CI>:GH ? 9>B:CH>DCC:AH (C EG:C9 K K< 9:H :CI>:GH HIG>8I:B:CI EAJH :GH :CIG: :JM %6 HJ>I: 9: !6AIDC :HI A6 HJ>I: 9: CDB7G:H SF PHF PHF Dn A:H PCF HDCI 9:H HJ>I:H 9: DGEJI 9: 76H: F %6 9>H8GfE6C8: 9TJC: HJ>I: 9: !6AIDC :HI .I -0)I< 'A5@1 01 -A>1 ,D>I K JC CDB7G: EG:B>:G FJ: ATDC HJEEDH: EAJH B:CH>DC 9: AT:HE68: K ? )DJG IDJI: HJ>I: 9: /6C DGEJI 9: 76H: K DC 9fRC>I A6 IG6CH;DGBf:

PHF PHE Dn A:H 8D:Z8>:CIH HA HDCI 9fRC>H E6G PHE

J 3 HA KA A

HD

J 3

E

IA .0& K D E D

BA

%6 HJ>I: 9: 6JG: :HI A6 HJ>I: SF PHF PHF H8GfE6C8: 9: 8:II: HJ>I: :HI .I -0)I

,>BJA6I>DC :I 6AI=B:H HID8=6HI>FJ:H

LI G:H JC>;DG BfB:CI GfE6GI>H HJG AT>CI:GK6AA: 4 5 ,D>I 7 JC: K6G>67A: 6Af6ID>G: 9: AD> 8DCCJ: (C 8=:G8=: JC: BfI=D9: 9: I>G6G:H GfE6GI>H H:ADC A6 AD> 9: 7 :H CDB7G:H ;DGB:CI JC L+0)6 7 ,D>I % A6 ;DC8I>DC 9: GfE6GI>I>DC 9: A6 K6G>67A: 6Af6ID>G: 7 % S 7 S DC 9fRC>I JC EH:J9D >CK:GH: :C EDH6CI EDJG O 8DBEG>H :CIG: :I % O +/(<S

% S O=

DBB: % :I % HDCI 9:H ;DC8I>DCH 8GD>HH6CI:H H> 4 :HI JC: K6G>67A: 6Af6ID>G: JC>;DGB: HJG " # % 4 6 BgB: AD> FJ: 7 C :[:I % O S fFJ>K6JI ` O % S 9TDn ATfIf % 4 S 4 % S % S 83;>5@491 (C I>G: P H:ADC JC: AD> JC>;DGB: HJG " # (C 86A8JA: S % P D19 7 :HI JC: AD> JC>;DGB: HJG "I JC: AD> :MEDC:CI>:AA: H6 ;DC8I>DC 9: GfE6GI>I>DC :HI % S @ P 9TDn DC I>G: FJ: S -/ P DBB: 4 :I 4 DCI BgB: AD> DC E:JI H: 8DCI:CI:G 9: 86A8JA:G S -/P %T6AI=B: :HI 6ADGH A: HJ>K6CI (C G:H P 9: AD> JC>;DGB: HJG 4 5 EJ>H DC 86A8JA: A:H CDB7G:H S -/P ,> 7 :HI JC: AD> 9: 6J8=N 9: 9:CH>If = KS

= S CK:GH: 9: A6 ;DC8I>DC 9: GfE6GI>I>DC :HI % P < = 4$/ P %T6AI=B: :HI 6ADGH A: HJ>K6CI (C I>G: 9:H CDB7G:H EH:J9D 6Af6ID>G:H P JC>;DGBfB:BI GfE6GI> HJG 4 5 :I DC 86A8JA: JC f8=6CI>AADC S < = 4$/P ,> 7 HJ>I JC: AD> 7gI6 If KS <S9 S AT>CK:GH: :HI % P P 9 )DJG JC: AD> 7gI6 = 6K:8 = 9: 9:CH>If KS = S: S AT>CK:GH: 9: A6 ;DC8I>DC 9: GfE6GI>I>DC :HI S % P P :

&6>H 8DBB: 4 K6G>67A: 6Af6ID>G: JC>;DGBfB:CI GfE6GI>: HJG 4 5 :I 4


DCI BgB: AD> >A HJ[RI 9: 86A8JA:G S P : )DJG JC: AD> ADHI>FJ: +If KS

@P9 : = @P9 :

AT>CK:GH: 9: A6 ;DC8I>DC 9: GfE6GI>I>DC :HI %

P < = -/

P P

,> 7 HJ>I JC: AD> 9: )6G:ID /9 DC 9: GfE6GI>I>DC :HI % P

= P 9

&6>H 8DBB: 4 :I 4 HJ>K:CI A6 BgB: AD> >A HJZI 9: 86A8JA:G S =P 9

)DJG JC: AD> 9: 0:>7JAA 9: E6G6BeIG:H If KS

< 9 P: S @ S =9

A6 ;DC8I>DC 9: GfE6GI>I>DC 5 P J: @ ?M @P: % S M :HI >CK:GH>7A: :I HDC >CK:GH: :HI 9DCCf E6G % P = -/ P

9

DBB: 4 :I 4 DCI BgB: AD> >A HJZI 9: 86A8JA:G S = -/ P

9

LG6G: 9: CDB7G:H GfE6GI>H H:ADC JC: AD> :CC: ,JEEDHDCH 9DCCfH 9:JM CDB7G:H P :I Q >HHJH 9TJC I>G6 JC>;DGBfB:CI GfE6GI>: HJG " # ADGH A:H CDB7G:H S :I T 9fRC>H E6G ? S ? -/P %03Q T -/P 3+/Q HDCI GfE6GI>H H:ADC JC: AD> CDGB6A: 8:CIGf: Gf9J>I: %: HNHIeB: fFJ>K6JI `

S '71

S T Q T <M>OB P


9DCI A: ?68D7>:C :HI A: EGD9J>I 9: 9:JM :CC:H C @Q ) C @P %6 AD> 9J 8DJEA: 7 8 :HI A: EGD9J>I 9: 9:JM :CC:H %:H K6G>67A:H 7 :I 8 HDCI E6G 8DCHfFJ:CI GfE6GI>:H H:ADC JC: AD> :CC:

L76 -=5)66 ,D>I 7 JC: K6G>67A: 6Af6ID>G: 9: 9:CH>If A S C f8G>K6CI A S HDJH A6 ;DGB: A S >BSCS Dn > :HI JC: 8DCHI6CI: > CS JC: 9:CH>If 9: EGD767>A>If :I BS JC: ;DC8I>DC 8DBEG>H: :CIG: :I BS AT6AI=B: 9J G:?:I 9: KDC ':JB6CC :HI ;DC9f HJG JC I:HI 9T=NEDI=eH:

83;>5@491 (C I>G: JC CDB7G: P H:ADC JC: AD> JC>;DGB: HJG " # (C I>G: JC CDB7G: T H:ADC A6 AD> 9TJC: K6G>67A: 6Af6ID>G: 8 9: 9:CH>If CT (C 86A8JA: BT :I DC I:HI: H> P BT DC G:EG:C9 :C H>CDC DC 688:EI: T 8DBB: G:EGfH:CI6CI 9: A6 9>HIG>7JI>DC A S %T6AI=B: 9: KDC ':JB6CC EGDEG:B:CI 9>I 8DGG:HEDC9 6J 86H Dn CS :HI A6 9:CH>If 9TJC: K6G>67A: 6Af6ID>G: 8 JC>;DGBfB:CI GfE6GI>: HJG JC >CI:GK6AA: " :HI A6 8DCHI6CI: > , = H>: 9: HDGI: FJ: BS H6I>H;6HH: A:H =NEDI=eH:H BS :HI 8DBEG>H :CIG: :CIG: :I TDn AT6AI=B: 83;>5@491 01 B;: #1A9-:: (C I>G: JC CDB7G: P H:ADC JC: AD> JC>;DGB: HJG " # (C I>G: JC CDB7G: M H:ADC JC: AD> JC>;DGB: :I DC 86A8JA: T < M= CDC DC 688:EI: T 8DBB: G:EGfH:CI6CI 9: A6 9>HIG>7JI>DC A S !;5 :;>9-81 ,D>I 7 JC: K6G>67A: 6Af6ID>G: 9: AD> CDGB6A: 8:CIGf: Gf9J>I:

(C 8DCH>9eG: 8 JC: K6G>67A: 6Af6ID>G: ? 9: AD> :MEDC:CI>:AA: 9: E6G6BeIG: @ :I BS '71 S

:I 9: 9:CH>If CS (C EDH: > C G:B6GFJ6CI FJ: H> P HJ>I JC: AD> JC>;DGB: HJG " # -/P HJ>I JC: AD> :MEDC:CI>:AA: 9: E6G6BeIG: DC EDH: S T :I S -/P %T6AI=B: 9: KDC ':JB6CC E:JI 6ADGH gIG: 69E6If 9: A6 ;6dDC HJ>K6CI: (C I>G: S :I S H:ADC JC: AD> :MEDC:CI>:AA: 9: E6G6BeIG: ,> S S DC G:EG:C9 :C (C I>G: JC CDB7G: P H:ADC JC: AD> JC>;DGB: HJG " # ,> P DC EG:C9 S 8DBB: G:EGfH:CI6CI 9: A6 AD> A S H>CDC DC EG:C9 A: CDB7G: S


!;5 3-99- 4/7:1I 7 JC: K6G>67A: 6Af6ID>G: 9: AD> If 9TJC: AD> :MEDC:CI>:AA: 9: E6G6BeIG: H: f K6JI `

S S -/P < -/ < < (C EDH: Q S< :I Q -/P %T6AI=B: 9: >H=B6C :HI 6ADGH A: HJ>K6CI (C I>G: Q :I Q H:ADC JC: AD> :MEDC:CI>:AA: 9: E6G6BeIG:

,> Q < Q -/Q DC G:EG:C9 :C H>CDC DC 688:EI: Q 8DBB: G:EGfH:CI6CI 9: A6 AD> G 9: A6 AD> A :HI ;68>A: 9: 9f9J>G: JC I>G6H H:ADC JC: AD> 7:I6 A>H6CI A: G6EEDGI 77 8 96CH A:FJ:A 7 :I 8 HDCI 9:JM AD>H G: S H:ADC JC: AD> G: T H:ADC JC: AD> = (C 86A8JA: SS T G:EGfH:CI6CI 9: A6 AD> K6CI (C I>G: P :I P 9: AD> JC>;DGB: HJG 4 5 (C 86A8JA: A P -/ T P ,> P 6ADGH DC 688:EI: T H>CDC DC EG:C9 T 8DBB: G:EGfH:C I6CI 9: A6 AD> :CC:

!;5 01 -A/4E (C H: EGDEDH: 9: 8DCHIGJ>G: JC f8=6CI>AADC 9: AD> 9: 6J8=N 9: E6G6BeIG:H If 9: EGD767>A>If KS

= = S K6CI (C I>G: 9:JM CDB7G:H P :I P JC>;DGBfB:CI GfE6GI>H HJG 4 5 (C 86A8JA: S P :I S P ,> S S

6ADGH DC G:IDJGC: :C ,>CDC DC 688:EI: T =S S
BJA:G JC: K6G>67A: 6Af6ID>G: 9: AD> K6CI (C I>G: 9:JM CDB7G:H P :I P JC>;DGBfB:CI GfE6GI>H HJG " # (C 86A8JA: P S @Q T -/ P

,>

"CIfDC E6G &DCI: 6GAD -/

C

S -/P P

6ADGH DC 688:EI: S 8DBB: G:EGfH:CI6CI 9: A6 AD>

!;5 .P@- %6 BfI=D9: 9: #m=C@ JI>A>H: A6 9:CH>If KS 9: A6 AD> G: 9:JM CDB7G:H P :I P JC>;DGBf B:CI GfE6GI>H HJG " # ,> 9-81 9A8@50591:?5;::1881 ,D>I 7 7 7F JC: K6G>67A: 6Af6ID>G: 9: AD> CDGB6A: 1F H 0 Dn H H HF 9fH>8: 9: 8DK6G>6C8: 9fRC>: EDH>I>K: I I %6 9:CH>If 9: EGD767>A>If :HI 9DCCf: E6G 1 C KS '71 S H 0 S H F &'4 0 "A :M>HI: JC: JC>FJ: B6IG>8: IG>6C<JA6>G: >C;fG>:JG: I:AA: FJ: 0 1

ADGH 7 :HI A: K:8I:JG 7 8 H Dn 8 :HI A6 AD> CDGB6A: BJAI>9>B:CH>DC C:AA: 1F 8:CIGf: Gf9J>I: %T6AI=B: :HI A: HJ>K6CI (C 8DCHIGJ>I JC f8=6CI>AADC 8 8 8F 9: AD> CDGB6A: 1 (C 86A8JA: A:H 8D:Z8>:CIH 9: A6 B6IG>8: E6G AB

B 3

>AC >BC

C

BC

)6G 8DCK:CI>DC A:H HDBB:H 96CH A:HFJ:AA:H AT>C9>8: F :HI CJA E HDCI CJAA:H (C 688:EI: 7 8 H 8DBB: f8=6CI>AADC 9: A6 AD> BJAI>CDG B6A:

"CIfDC E6G &DCI: 6GAD %6 BfI=D9: 9T>CIfDC E6G C &DCI: 6GAD EGfH:CI: AT6K6CI6G JC: K>I:HH: 9: 8DCK:GC9fE:C96CI: 9: A6 9>B:CH>DC 9J 9D B6>C: 9T>CIfDC ,> :AA: G:HI: E:J >CIfG:HH6CI: EDJG A: 86A8JA 9TJC: >C IfB:CH>DCC:AA: :AA: 9:K>:CI G6E>9:B:CI 8DBEfI>I>K: EDJG A:H


>CIfEA:H :I :C E6GI>8JA>:G EDJG A:H HNHIeB:H 9: - E6GI>8JA:H :C >CI:G68I>DC FJ> 96CH AT:HE68: 9:H E=6H:H G:EGfH:CI:CI 9:H >CIfB:CH>DC - EJ>HFJ: EDJG 8=6FJ: E6GI>8JA: DC 8DBEI: IGD>H 9>B:CH>DCH EDJG A6 EDH>I>DC :I IGD>H 9>B:CH>DCH EDJG A6 K>I:HH:

L,=+):1)6+(C H: EGDEDH: 9: 86A8JA:G AT>CIfDC KS :HI 6EE:Af: 1587:B6I:JG

C7 K7

:HI JC :HI>B6I:JG H6CH 7>6>H 9: AT>CIf6C8: 5 C S 5 <M ?S ( " KS %: 86A8JA 9T>CIfI>DC HJ>K6CI: (4O;>N91 %: B>C>BJB 9: A6 K6G>6C8: 9: AT:HI>B6I:JG :HI fCI FJ6C9 7 69B:I A6 9:CH>If KS 0

@CS@ @CS@ ?S

C E6GI>8JA>:G H> C :HI EDH>I>K: A6 9:CH>If DEI>B6A: :HI A C( :I 96CH 8: 86H A6 K6G>6C8: 9: AT:HI>B6I:JG :HI CJAA:

%>1AB1 ,D>I 8 A6 K6G>67A: 6Af6ID>G: 9: 9:CH>If BS AT:HI>B6I:JG C8 K8

(@P ( (@P ( CIH H>IJfH HDJH A6 8DJG7: 9fRC>: E6G A6 ;DC8I>DC CS %6 BfI=D9: 9: &DCI: 6GAD 8DCH>HI: ` A6C8:G 9:H ED>CIH 6J =6H6G9 96CH A: 9DB6>C: :I ` 8DBEI:G A: CDB7G: 9: ED>CIH FJ> IDB7:CI HDJH A6 8DJG7:

%6 K6A:JG 9: AT>CIfR: ( = 5@491 fCfG:G JC: HJ>I: 9: I ED>CIH 6Af6ID>G:H P P PF Q Q QF 9: AD> JC>;DGB: HJG " # 6A8JA:G A:H ED>CIH SA < PA = QA DBEI:G N A: CDB7G: 9: ED>CIH FJ> KfG>R:CI CSA TA HI>B:G A6 K6A:JG 9: AT>CIf= :HI JC :HI>B6I:JG H6CH 7>6>H 9: AT>CIfDC 6J 86H 9:H >CIfEA:H :HI >BBf9>6I: )6G :M:BEA: EDJG 86A8JA:G AT>CIfHFJ: JC>If >A HJZI 9: A6C8:G 9:H ED>CIH HJG A: FJ6GI 9: 8:G8A: ED H>I>; 2 CIH FJ> IDB7:CI 96CH 8: FJ6GI 9: 8:G8A: :C H>BJA6CI 9:H ED>CIH 6Af6ID>G:H JC>;DGBfB:CI 9>HIG>7JfH HJG 4 5 %: G6EEDGI NI I:C9 K:GH A6 K6A:JG

"CIfDC E6G &DCI: 6GAD

H+0)6)6< 4E1587::J 9: I>G:G A:H ED>CIH PA H:ADC JC: AD> JC>;DGB: DC A:H 8DC8:CIG: A` Dn CS :HI A: EAJH >BEDGI6CI 8: FJ> G:K>:CI ` EG:C9G: 96CH ATf8=6CI>AADCC6BEA: JC: 9:CH>If KS :I CDC JC: AD> JC>;DGB:

83;>5@491 fCfG:G JC: HJ>I: 9: I ED>CIH 6Af6ID>G:H M M MF H:ADC A6 AD> 9: 9:CH>If KS 6A8JA:G A:H ED>CIH SA < = :HI JC :HI>B6I:JG H6CH 7>6>H 9: AT>CIf6C8: 9: AT:HI>B6I:JG 5 C S

5 <M ?S ( " KS :HI fK6AJf E6G A6 FJ6CI>If F

F 3 CSA F I A KSA I

F 3 CSA A

KSA

I F

:II: FJ6CI>If :HI JC :HI>B6I:JG H6CH 7>6>H F 8DCH>HI6CI 8T:HI ` 9>G: FJ: A6 HJ>I: F 8DCK:GCRC>

%: I=fDGeB: 9: A6 A>B>I: 8:CIG6A: BDCIG: FJ: A6 HJ>I: C I F ( 8DCK:G K:GH JC: AD> :CC: 8:CIGf: Gf9J>I: DC8 EDJG JC >CI:GK6AA: 9: 8DCR6C8: 9: DC 6 @ F (@ C I EDJG AT>CI:GK6AA:

" F C F C # I I

C :HI>B6CI ATf86GI INE: E6G F AT>CI:GK6AA: 9: 8DCR6C8: K6JI F F " F C F C # I I %T:GG:JG 8DBB>H: :HI 9DC8 C I


)DJG D7I:C>G ( 6K:8 JC: EGf8>H>DC 9: 96CH JC >CI:GK6AA: 9: 8DCR6C8: ` A: 86A8JA 9: AT>CIfI:G6 9DC8 JC CDB7G: 9T>IfG6I>DCH I 9: ATDG9G: 9: 5 <M I )DJG 9>B>CJ:G A: CDB7G: 9T>IfG6I>DCH >A ;6JI 9DC8 Gf9J>G: A6 K6G>6C8:

D199fGDCH AT>CIfBEA: BDCIG: FJ: AT>CIfAADC S S SF 9>HIG>7Jf H:ADC JC: AD> 9: 6J8=N ' 9: 9:CH>If K S CS A6 K6A:JG 9: AT>CIfCIGD9J>H6CI A:H 8DBEDH6CI:H F 9J SJM 6K:8 2 :I EDJG I F *F


AT>CIfCIfG:H 5 3 (F A SF S?S ( (F 2

F

6CH A:H EGD7AeB:H 9: IG6CHEDGI G:EGfH:CI: A: SJM 9:H E6GI>8JA:H EGD9J>I 9>G:8I:B:CI E6G A6 HDJG8: 2 F :HI A: SJM EGD9J>I E6G 9:H E6GI>8JA:H FJ> DCI HJ7> :M68I:B:CI I 8DAA>H>DCH

5 5 5 F SF ?SF ?S ?S 2S FS S FS S FSF SF C G:EDGI6CI 96CH AT:MEG:HH>DC 9: AT>CIfG: DC 6 5 (F

2

?S ?S ?SF A SF 2S

F 4

FSA SA

A

%6 BfI=D9: 9: &DCI: 6GAD 8DCH>HI: :C CDGB6A>H6CI A: CDN6J 9: IG6CH>I>DC E6G JC: ;DC8I>DC RS 6EE:Af: 871,; 5 RS FS T?T ` >CIGD9J>G: A:H EGD767>A>IfH fAfB:CI6>G:H HJ>K6CI:H KS T )DJG A: I:GB: HDJG8: DC EDH: 5 2S ?S R0

FS T RS

:I

K0 S

2S R0

%T>CIfG: (F 9:K>:CI :C EDH6CI ? ?S ?S ?SF 5 (F

2

? A SF R0 K0 S

F 4

RSA KSA SA

A

C CDI6CI SF RK

F 4

RSA

A

:I :C 86A8JA6CI A:H ED>9H Gf8JGH>K:B:CI DC :HI>B: EDJG 8=6FJ: E6GI>8JA: D D K6G>6CI 9: ` - CDB7G: IDI6A 9: E6GI>8JA:H AT>CIfG: E6G ,

3 A SA (F F A SF - A


EJ>H AT>CIfCIfG:H (

3

(F

F

DBB: ATDEfG6I:JG * :HI JC: CDGB: >C;fG>:JG: ` ATDEfG6I:JG * F I:C9 K:GH ADGHFJ: I I:C9 K:GH AT>CRC> )6G 8DCHfFJ:CI A:H ED>9H I:C9:CI K:GH OfGD )DJG C: E6H 8DCH:GK:G 96CH A:H H>BJA6I>DCH 9:H E6GI>8JA:H >CH> R6CI:H > : 9: ED>9H IGDE E:I>I:H DC A:H fA>B>C: E6G JC: EGD8f9JG: 6EE:Af: :7=4- 9:HHDJH "CK:GH:B:CI ADGHFJ: A: KDA A>7G: 9: A6 E6G I>8JA: 9fE6HH: A:H B6>AA:H 9: A6 : >A E:JI gIG: JI>A: 9: EGDKDFJ:G JC +07+ C+8JA: HDJB>H: ` JC: ;DG8: :MIfG>:JG: D D O O ;GDD Dn :HI JC: ;DC8I>DC 9TfI6I 9fE:C96CI 9: A6 EDH>I>DC 9: AT>BEJAH>DC :I 9J I:BEH O %: I:GB: 9: 9GD>I: G:EGfH:CI: A6 8DCIG>7JI>DC 9:H 8DAA>H>DCH :CIG: E6GI>8JA:H ` ATfFJ6I>DC )DJG 9:H 8DAA>H>DCH 7>C6>G:H 9: E6GI>8JA:H 9T>BEJAH>DCH H: IG6CH;DGB6CI :C E6GI>8JA:H 9T>BEJAH>DC 8: I:GB: :HI 6EE:Af 16CIfDC HT:[:8IJ: HJG AT6C9: %6 H:8I>DC :Z868: 9>[fG:CI>:AA: 9: 8DAA>H>DC :HI 9fRC>: ` E6GI>G 9J SJM >C8>9:CI : SJM :HI A: CDB7G: 9: E6GI>8JA:H IG6K:GH6CI E6G H:8DC9: ATJC>If 9: HJG;68: E:GE:C9>8J A6>G: 6J ;6>H8:6J >C8>9:CI %: CDB7G: 9: E6GI>8JA:H 9fSf8=>:H E6G H:8DC9: 96CH JC: 9>G:8I>DC 8DCI:CJ: 96CH ATfAfB:CI 9T6C9: ? FJ> :HI fI A6 H:8I>DC :Z868: 9>[fG:CI>:AA: %:H I:GB:H B B O :I B B O EDJG E HDCI 9:H :MEG:HH>DCH H>BEA>Rf:H %TfFJ6I>DC >CIf[fG:CI>:AA: 9: DAIOB6CC HTf8G>I 5 5 D D ? ? @

@ O ,D>I Q O A: SJM ;DC8I>DC 9: A6 EDH>I>DC S T U 9: A6 E6GI>8JA: 9: H6 K>I:HH: QP QQ QR DJ 7>:C 9: HDC BD9JA: Q :I 9: H6


9>G:8I>DC Q 9J I:BEH :I HDAJI>DC 9: ATfFJ6I>DC 9: IG6CHEDGI f8G>I: HDJH A6 ;DGB: 5 D L Q O 2 ?Q ? K Q Q O Q O Dn 2 :HI A: I:GB: 9: HDJG8: :MI:GC: L A6 H:8I>DC :Z868: IDI6A: C GfB: HI6I>DCC6>G: 8:II: fFJ6I>DC H: G6BeC: ` JC: fFJ6I>DC 9: G:9=DAB FJ: CDJH f8G>KDCH HDJH A6 ;DGB: 9TJC HNHIeB: 9: 9:JM fFJ6I>DCH D L L 2 %: I:GB: :HI ATDEfG6I:JG 9: 8DAA>H>DC :I L :HI A6 9:CH>If 9: E6GI>8JA:H HDGI6CI 9TJC: 8DAA>H>DC C CDI6CI A6 9:CH>If 9: E6GI>8JA:H :CIG6CI :C 8DAA>H>DC DC H: G6BeC: ` JC HNHIeB: ;DGB:A 96CH A:FJ:A 8=6FJ: fFJ6I>DC fKDAJ: H:ADC 9:H DEfG6I:JGH >CIfI * 3 " :I A: I:GB: HDJG8: :HI G:BEA68f E6G A: I:GB: HDJG8: 9: EG:B>eG: 8DAA>H>DC %TDEfG6I:JG 9: IG6CHEDGI 3 D G:EGfH:CI: A: IG6CHEDGI 9:H E6GI>8JA:H :CIG: A:H 9:JM 8DAA>H>DCH "A G:EGfH:CI: A: E6HH6I>DC M ` JC: EDH>I>DC M

3 M M Q M Q %TDEfG6I:JG

@JJ N M M

"

G:EGfH:CI: A: IG6CHEDGI 9:H E6GI>8JA:H 6K6CI :I 6EGeH A6 8DAA>H>DC "A E:GB:I A: E6HH6H>DC 9DCCf: 6J SJM HDGI6CI ?JHI: 6EGeH A6 BgB: 8DAA>H>DC %6 EDH>I>DC 9: A6 E6GI>8JA: CT:HI E6H BD9>Rf: B6>H A6 K>I:HH: E6HH: 9TJC: K6A:JG Q ` JC: K6A:JG Q "Q Q M

K M Q Q L M Q

(C 9fK:ADEE: 8DBB: 96CH A: E6G6:H 9: ':JB6CC L 2 3 L L " :I8 (C I>G: A6 EDH>I>DC 9: A6 EGD8=6>C: 8DAA>H>DC 6K:8 A: CDN6J 9: ATDEfG6I:JG 3 :I DC 86A8JA: A6 CDJK:AA: K>I:HH: 6K:8 A: CDN6J 9: ATDEfG6I:JG " (C f8=6CI>AADCC: 6>CH> A6 IG6?:8ID>G: 9: 8=6FJ: E6GI>8JA: 9: 8DAA>H>DC :C 8DAA>H>DC


1)1;)/- -< +76H6I>DC 9: H>BJA6I>DCH 9: ATfFJ6I>DC 9: DAIOB6CC ,D>I E6G8: FJ: A6 H>BJA6I>DC 9: A6 IG6?:8ID>G: 9TJC: E6GI>8JA: C: 8DCIG>7J: E6H ` BD9>R:G A6 K6A:JG 9:H GfHJAI6IH :I :BED>HDCC: ATJC>If 8:CIG6A: HD>I E6G8: FJ: A6 H>BJA6I>DC 8DCIG>7J: ` JC 688GD>HH:B:CI 9: A6 K6G>6C8:

%: *1)1;)/- %6 I:8=C>FJ: 9J 7>6>H6:AA:B:CI A: CDB7G: 9: E6GI>8JA:H fB>H:H E6G A6 HDJG8: DJ A: CDB7G: 9: 8DAA>H>DCH 6CH A6 EAJE6GI 9:H E=fCDBeC:H 9: IG6CHEDGI DC 8=:G8=: ` :HI>B:G 9:H fKfC:B:CIH 9: EGD767>A>IfH IGeH E:I>I:H 9: ATDG9G: 9: ` ,> A6 HDJG8: fB:I E6GI>8JA:H 96CH JC: 9>G:8I>DC 9DCCf: :I H> CDJH CTD7H:GKDCH FJTJC: H:JA: E6GI>8JA: >A ;6J9G6>I H>BJA:G E6GI>8JA:H EDJG FJ: 8DCIG>7J:CI 6J GfHJAI6I 6CH 8:H 8DC9>I>DCH DC G>HFJ: 9: H6IJG:G A: 86A8JA6I:JG TDn AT>9f: 9T>CIGD9J>G: JC SJM 7>6>Hf :II: >9f: G:EDH: HJG A: GfHJAI6I I=fDG>FJ: HJ>K6CI DCH>9fGDCH ATfFJ6I>DC 9: DAIOB6CC ` JC: 9>B:CH>DC 5 5 L S 2S ?$ ? K $ $ SS

S C >CIGD9J>H6CI A: 7>6>H6:A EDJG F S S @CP 96CH ATfFJ6I>DC EGf8f9:CI: DC D7I>:CI 5 5

L F S ?$ ? K $ $ S S S 2 S %: SJM 7>6>Hf S KfG>R: ATfFJ6I>DC 9: DAIOB6CC 6K:8 JC: H:8I>DC :Z868: IDI6A: L L F :I JC I:GB: HDJG8: 7>6>Hf 2 S

@CP 2S

&6A=:JG:JH:B:CI A: 7>6>H6:A C: B6G8=: E6H IGeH 7>:C FJ6C9 A6 9>HIG>7JI>DC CT:HI E6H :AA: BgB: :MEDC:CI>:AA: (C 6 G:8DJGI ` 9:H I:8= C>FJ:H :BE>G>FJ:H 9: 7>6>H6CIGD9J>I JC SJM 7>6>Hf E6G JC: ;DC8I>DC 9T>BEDGI6C8: ( 9: A6 ;DGB: ( :I DC 9fRC>I A6 ;DC8I>DC 9: ED>9H 8DBB: AT>CK:GH: 9: AT>BEDGI6C8:

(

,>BJA6I>DC 9: 8=6iC:H 9: &6G@DK

%: ;8418JA: :HI H ;D>H EAJH 9H BDN:C 9:H E6GI>8JA:H H6 8DCIG>7JI>DC 6J GfHJAI6I >CIGD9J>I JC: K6G>6C8: >BEDGI6CI: )DJG fK>I:G 8:A6 DC f8A6I: A6 E6GI>8JA: :C H E6GI>8JA:H 9: ED>9H H %6 :7=4-8JA: :HI H ;D>H EAJH 8-9H BDN:C 9:H E6GI>8JA:H H6 8DCIG>7JI>DC :HI IGeH ;6>7A: )AJIlI FJ: 9: IJ:G A6 E6GI>8JA: DC A6 ?DJ: ` A6 GDJA:II: 8T:HI ` 9>G: FJTDC AJ> A6>HH: JC: 8=6C8: H 9: HJGK>KG:

%: +769H 9fE:C9 :C K>Hf :C 8:AAJA:H :I 96CH 8=6FJ: 8:AAJA: DC 6IIG>7J: JC ED>9H B>C>B6A REAF :I JC ED>9H B6M>B6A RE9P 6CH 8=6FJ: 8:AAJA: A6 HJGK>: 9:H E6GI>8JA:H 9: ED>9H >C;fG>:JG ` REAF :HI ?DJf: ` A6 GDJA:II:

%:H E6GI>8JA:H 9: ED>9H HJEfG>:JG ` RE9P HDCI IG6CH;DGBf:H :C EAJH>:JGH E6GI>8JA:H 9: A6 BgB: 8:AAJA:

,>BJA6I>DC 9: 8=6iC:H 9: &6G@DK %DGHFJ: ATDC HDJ=6>I: H>BJA:G A6 9>HIG>7JI>DC 9TJC: K6G>67A: 6Af6ID>G: 7 9: AD> 9: EGD767>A>If HJG JC :HE68: 9>H8G:I RC> $ E6G A:H BfI=D9:H 8A6H H>FJ:H 8DBB: A6 BfI=D9: 9J G:?:I 9: KDC ':JB6CC DC H: =:JGI: ADGHFJ: AT:HE68: $ :HI IGeH G: FJ> G:C9:CI A6 Bf I=D9: >CJI>A>H67A: )DJG G:Bf9>:G ` 8:A6 DC H: EGDEDH: 96CH A6 H>BJA6I>DC E6G 8=6iC: 9: &6G@DK 9T6EEGD8=:G A6 AD> 8DBB: fI6CI A6 EGD767>A>If HI6 I>DCC6>G: 9TJC: 8=6iC: :GFJ: 9: B6IG>8: 9: IG6CH>I>DC 0 DCC6>HH6CI A6 B6IG>8: 9: IG6CH>I>DC 0 AT6AI=B: 9D>I EDJKD>G 9fI:GB>C:G A6 EGD767>A>If HI6I>DCC6>G: HT6HHJG:G 9: AT:G8>If 9: A6 8=6iC: > : FJ: 0F 8DCK:GC9fE:C96BB:CI 9: A6 AD> 9T:CIGf: :I EGDEDH:G JC 6GGgI DEI>B6A 9: A6 H>BJA6I>DC 8T:HI ` 9>G: JC CDB7G: I ` E6GI>G 9JFJ:A A: 86A8JA 9: 0F :HI HJZH6BB:CI EGD8=: 9: %:H 9>Z8JAIfH G:C8DCIGf:H EDJG 9fI:GB>C:G 8:I 6GGgI DEI>B6A HDCI ` ATDG>C: 9: 9fK:ADEE:B:CIH I=fDG>FJ:H >BEDGI6CIH FJ> H: GfE6GI>HH:CI :C 9:JM 86If:H A:H JCH A>fH 6J E=fCDBeC: 9: +=DC :M68I: E6G 8DJ EA6H A: E6HHf FJ> 9fI:8I: 6JIDB6I>FJ:B:CI FJ6C9 >A 9D>I HT6GGgI:G :I FJ> 9DCC: JC f8=6CI>AADC H6CH 7>6>H 9: A6 AD>

)DJG H>BJA:G JC: 8=6iC: 9: &6G@DK 7F 9T:HE68: 9TfI6IH $ 9: B6IG>8: 9: IG6CH>I>DC 0 :I 9: AD> >C>I>6A: DC I>G: 6Af6ID>G:B:CI JC: HJ>I: 9: K6G>67A:H 6Af6ID>G:H >C9fE:C96CI:H 9: BgB: AD> :C 67A:H 4F JC>;DGB:H HJG " # :I DC 86A8JA: A:H FJ6CI>IfH 7 4 7 7 4 7F 7F 4F Dn A6 ;DC8I>DC 9T>C>I>6A>H6I>DC :HI 9fRC>:

,>BJA6I>DC :I 6AI=B:H HID8=6HI>FJ:H 9: A6 ;6dDC HJ>K6CI: ! $ $ N $ $ # NA S $ $ $ $ " N,

H> S N H> N NA S N NA H> N N, S

:I A6 ;DC8I>DC 9: B>H: ` ?DJG :HI 9fRC>: EDJG D - E6G ! N H> S 0A $ $ $ $ # NB H> 0A 0AB S 0A 0AB NA S $ $ $ $ " H> 0A 0A, S N, %T6AI=B: 9: H>BJA6I>DC 9TJC: 8=6iC: 9: &6G@DK :HI A: HJ>K6CI >C>I>6A>H:G A6 8=6iC: :C I>G6CI JC CDB7G: 6Af6ID>G: P >HHJ 9TJC: AD> JC>;DGB: HJG " # :I 86A8JA:G 7 P )DJG 8=6FJ: :CI>:G I I>G:G JC CDB7G: PF 96CH" # :I 86A8JA:G 7F 7F PF (C 9fBDCIG: FJ: A:H K6A:JGH 7F 6>CH> BJA:CI JC: 8=6iC: 9: &6G@DK 9: B6IG>8: 9: IG6CH>I>DC 0 :I 9: AD> >C>I>6A:

4/7:1HH6CI A6 B6IG>8: 9: IG6CH>I>DC 0 9TJC: 8=6iC: 9: &6G@DK :GFJ: HJG JC :HE68: 9TfI6IH RC> $ A>If HI6I>DCC6>G: (C H6>I FJ: A6 B6IG>8: 0F 8DCK:G8: 9DCI A:H K:8I:JGH 8DADCC:H HDCI EGf8>HfB:CI A:H K6A:JGH 8=:G8=f:H 9: A6 8DADCC: D 6 EDJG K6A:JG D >A HJZI 9DC8 9: 9fI:GB>C:G JC: A>8: A>B>I: )DJG 8=6FJ: fI6I NA $ A6 ;DC8I>DC 9: B>H: ` ?DJG S NA S :HI A6 ;DC8I>DC 9: GfE6GI>I>DC >CK:GH: 9: A6 A>C9>8: D 9: A6 B6IG>8: 0 ,> 4F :HI JC: HJ>I: 9: K6G>67A:H 6Af6ID>G:H >C9fE:C96CI:H 9: AD> JC>;DGB: HJG " # DC E:JI 8DCHIGJ>G: JC: 8=6iC: 9: &6G@DK 7F 7F 4F 9: B6IG>8: 9: IG6CH>I>DC 0 %T6AI=B: :HI A: HJ>K6CI

83;>5@491 "C>I>6A>H:G AT>C9>8: 9: 7DJ8A: H 6A8JA:G -E E :I I>G:G JC: HJ>I: 9: K6G>67A:H 6Af6ID>G:H JC>;DGB:H 4,$ 4 C 4 )DJG 8=6FJ: fI6I NC $ H>BJA:G - IG6?:8ID>G:H 7F F - 9: A6 8=6iC: 9: &6G@DK 7F E6GI6CI 9: AT>CHI6CI -E 96CH ATfI6I C C C NC 7,$ NC ?JHFJT` AT>CHI6CI > : 86A8JA:G 7F 7F 4F EDJG I -E ,> A:H K6A:JGH 9:H - IG6?:8ID>G:H :C , 7 7 HDCI IDJI:H f DC CDI: 8 8:II: , K6G>67A: 6Af6ID>G: 8T:HI ` 9>G: H> 8 7 7 NA 6ADGH AT6AI=B: G:IDJGC: ATfI6I NA :I HT6GGgI: (C 86A8JA: 6ADGH A6 EGD767>A>If HI6I>DC C6>G: A 8 NA ,>CDC DC G:EG:C9 A: 86A8JA :C :C >C8GfB:CI6CI

,>BJA6I>DC 9: 8=6iC:H 9: &6G@DK

H 9: H H :I :C 8DCH:GK6CI A:H K6A:JGH 9: 4 9f?` JI>A>Hf:H :I :C 6?DJI6CI H>BEA:B:CI JC CDJK:6J I>G6=A1? ,> DC 9fH>:G >CHI6CI H FJ> ;6>I I:GB>C:G AT6AI=B: 3 :HI A: I:BEH 9T67HDGEI>DC 9: A6 8=6iC: 7F 8T:HI ` 9>G: A: EG:B>:G >CHI6CI Dn :AA: 9:K>:CI 8DCHI6CI: 3 +/(O@=

%6 EGD767>A>If HI6I>DCC6>G: :HI 9DC8 A6 EGD767>A>If 9: A6 8=6iC: 6GGgIf: :C 3 71 NA A 3 :HI 6EE:Af A: I:BEH 9: 8D6A:H8:C8: :I NA ATfI6I 9: 8D6A:H8:C8: DBB: A6 H>BJA6I>DC 9fB6GG: 96CH A: E6HHf :I FJ: A:H F IG6 ?:8ID>G:H 9:H 8=6iC:H 9: &6G@DK H: GfJC>HH:CI :C JC H:JA fI6I ` AT>CHI6CI 3 DC E6GA: 9: ;15=4)C:G JC: B6IG>8: 9: IG6CH>I>DC / I:AA: FJ: A6 8=6iC: 7F 6>I EDJG EGD767>A>If HI6I>DCC6>G: (C HJEEDH: FJ: AT:HE68: 9:H fI6IH $ DJ 9fCDB7G67A: (C H: 9DCC: JC: EGD767>A>If HJG $ :I JC: B6IG>8: 9: IG6CH>I>DC 0 FJ> G:EGfH:CI: JC: EGDEDH>I>DC 9: 8=6CA>If 9: EGDEDH:G A: 8=6CCH 9fRC>I JC: EGD767>A>If FJ:H

6K:8 A6 8DCK:CI>DC S0S T 6CH A6 9NC6B>FJ: 9: &:IGDEDA>H DC EG:C9 A6 ;DC8I>DC % S .+/ S :I 96CH A6 9NC6B>FJ: S %T6AI=B: 8DCHIGJ>I 6ADGH 9: 6@:G DC EG:C9 A6 ;DC8I>DC % S S JC: 8=6iC: 9: &6G@DK 7F 9: B6IG>8: 9: IG6CH>I>DC / 9fRC>: E6G / S T 0S TR: ;68>A:B:CI FJ: :HI A6 EGD767>A>If >CK6G>6CI: 9: /

83;>5@491 "C>I>6A>H:G A6 8=6iC: 6K:8 7 S )DJG 8=6FJ: K6A:JG 9: I - DC EGDEDH: A: 8=6CDC S T :I 6ADGH 7F T ,>CDC DC I>G: JC: K6G>67A: 6Af6ID>G: 4F 9: AD> JC>;DGB: HJG " # ,> 4F I>DC :I 7F T H>CDC DC A6 G:;JH: :I 7F S (C >IeG: HJG IDJI:H A:H K6A:JGH 9: I

%DGHFJ: 0 :HI JC: B6IG>8: HNBfIG>FJ: 8: FJ> :HI AT6AI=B: DG>C6A 9: &:IGDEDA>H DC 6 H>BEA:B:CI 01 5..? %DGHFJ: A6 EGD767>A>If HI6I>DCC6>G: :HI JC: B:HJG: 9: >77H 9: A6 ;DGB: S

'714 S 9

EDJG IDJI S $ :I Dn 9 :HI A6 .76+R: 9: A6 B6C>eG: HJ>K6CI:

83;>5@491 "C>I>6A>H:G A6 8=6iC: 6K:8 7 S )DJG 8=6FJ: K6A:JG 9: I - DC EGDEDH: A: 8=6C PS T DC 688:EI: A6 IG6CH>I>DC S T :I 6ADGH 7F T ,>CDC DC I>G: JC: K6G>67A: 6Af6ID>G: 4F 9: AD> JC>;DGB: HJG 4 5 ,> 4F @MPQ DC 688:EI: A6 IG6CH>I>DC :I 7F T H>CDC DC A6 G:;JH: :I 7F S (C >IeG: HJG IDJI:H A:H K6A:JGH 9: I

,>BJA6I>DC 9: 8=6iC:H 9: &6G@DK

L;74=G: E6G H>BJA6I>DC 9: 8=6iC:H 9: &6G@DK (C 8DCH>9eG: JC HNHIeB: B6IG>8>:A B>H HDJH A6 ;DGB: ( S = Dn S :I = HDCI 9:H K:8I:JGH 9: F :I JC: B6IG>8: 86GGf: 9TDG9G: I (C HJEEDH: FJ: A:H 8D:Z8>:CIH 9: A6 B6IG>8: KfG>R:CI .$7 B

F 3

@IfG6I>K: HID8=6HI>FJ: ATfFJ6I>DC S

S=

(C CDI: SC A6 F >eB: K6A:JG EG>H: E6G S ADGH 9: AT>IfG6I>DC (C 8=:G8=: A6 HDAJI>DC HDJH A6 ;DGB: 9TJC EGD9J>I H86A6>G: >S C? Dn C :HI JC K:8I:JG 9DCCf (C H: 9DCC: JC: 8=6iC: 9: &6G@DK :GFJ: HJG AT:HE68: 9:H fI6IH 8: 9: IG6CH>I>DC /AB :I 9: AD> 9T:CIGf: (C HJEEDH: FJ:

A H> CA /AB H> H 9J EGD9J>I H86A6>G: SC C 83;>5@491 =D>H>G JC :CI>:G F :I H>BJA:G - 8=:B>CH 6Af6ID>G:H >C 9fE:C96CIH HJG AT:HE68: 9:H fI6IH )DJG N - DC CDI: 8:H fI6IH K

K

K

D D

DC

)DJG 8=6FJ: N - DC 86A8JA: AT:MEG:HH>DC K

C C

6K:8 K 3E

C CA 3 K

A E

K 3E = A$

FJ:H K

:I 3

%6 FJ6CI>If ,

C

3 K

C - K C

:HI JC :HI>B6I:JG H6CH 7>6>H 9J EGD9J>I H86A6>G: SC C

H9=)DC 9: ATfFJ6I>DC P *P A Dn * :HI JC CDN6J 9: A6 ;DGB:

5

*PS

"

*S TPT?T

A :HI JC: ;DC8I>DC 9: + # :I # JC 9DB6>C: 9: < (C 9fRC>I E6G Gf8JG G:C8: ATDEfG6I:JG * F 5 F * PS *S T* F PT?T )6G >IfG6I>DCH HJ88:HH>K:H :C EDH6CI * :I P DC 8DCHIGJ>I A6 HJ>I: F 3 PF A *A * A * F A *CA C

,> A6 HfG>: 8DCK:GI: I:C9 K:GH JC: A>B>I: HDAJI>DC 9: ATfFJ6I>DC ` GfHDJ9G: ,D>I 0 A6 B6IG>8: 9: IG6CH>I>DC 9TJC: 8=6iC: 9: &6G@DK 9: AD> >C>I>6A: :I I:AA: FJ: 0S T H> *S T (C CDI: C JC K:8I:JG 9DCCf :I S S SF JC: HJ>I: 9TfI6IH %T:HI>B6I:JG

C C 6K:8 6E

F CS 3 6E A SE

S E

*S S *SE SE 0S S 0SE SE

:HI JC :HI>B6I:JG 9J EGD9J>I H86A6>G: EDJG IDJI K:8I:JG C C 3 E C C C * A E

%T6AI=B: :HI A: HJ>K6CI


83;>5@491 =D>H>G JC :CI>:G F :I H>BJA:G - 8=:B>CH 6Af6ID>G:H >C 9fE:C96CIH HJG AT:HE68: 9:H fI6IH )DJG N - DC CDI: 8:H fI6IH K

K

K

S S SC

)DJG 8=6FJ: N - DC 86A8JA: AT:MEG:HH>DC K

C C 6K:8 K 6E

F CS 3 K 6 A SK E

S E E K

K

K

K

K

K

*S S *SE SE K

K

0S S 0SE SE

%6 FJ6CI>If ,

3 K

C

C - K C

C

C 3

E

* A

E

:HI JC :HI>B6I:JG H6CH 7>6>H 9: C C

(EI>B>H6I>DC HID8=6HI>FJ: )DJG 86A8JA:G A: B>C>BJB DC 5 S DC :BEAD>: :C C>HI:H %DGHFJ: A6 ;DC8I>DC 6 9: CDB7G:JM B>C>B6 EGD8=:H A:H JCH 9:H 6JIG:H 8:H 6AI=B:H 8DBB: 8:AJ> 9: A6 9:H8:CI: 9J :CI G>HFJ:CI 9: G:HI:G E>fC>B6 AD86JM 9: A6 ;DC8I>DC 5 : EAJH ADGHFJ: A: CDB7G: 9: H>IJ6I>DCH ` :CK>H6C>B>H6CI HDC IG6?:I A:H 6AI=B:H 9fI:GB>C>HI:H FJ> ;DCI JC: G:8=:G8=: HNHIfB6I>FJ: 9:H 86H EDHH>7A:H C: HDCI E6H IDJ?DJGH 7>:C 696EIfH T:HI EDJGFJD> AT>9f: :HI Cf: 9: G:BEA68:G 8:H 6AI=B:H 9fI:GB>C>HI:H E6G 9:H 6AI=B:H 6Af6ID>G:H

'DJH :M6B>CDCH 9:JM 6AI=B:H 9TDEI>B>H6I>DC HID8=6HI>FJ: 6CH A:H 6EEA>86I>DCH ` A6 E=NH>FJ: A6 ;DC8I>DC 5 :HI HDJK:CI ATfC:G: 9J HNHIeB:

4/7:1I < JC CDB7G: 9DCCf (C 8=:G8=: JC Gf:A S9 I:A FJ: 5 S9 < )DJG 8:A6 DC JI>A>H: JC: EGD8f9JG: >IfG6I>K: >CHE>Gf: 9: A6 BfI=D9: 9J :CI 9: A6 ;DGB: SF SF F D5 SF BJA6I>DC :I 6AI=B:H HID8=6HI>FJ:H

(C HJEEDH: FJ: A6 ;DC8I>DC 5 < < :HI ` K6G>6I>DCH 7DGCf:H 6JIG: B:CI 9>I FJT>A :M>HI: JC: 8DCHI6CI: , FJ> B6?DG: A: HJEG:BJB 351

3 P 3 Q

9eG: A:H K6G>67A:H 6Af6ID>G:H 7F 7F F < 8F Dn A6 HJ>I: 9:H CH F KfG>R: 3

3

F

F

F

F

%6 HJ>I: 9:H K6G>67A:H 6Af6ID>G:H 7F 8F ` K6A:JGH 96CH < :HI 7DGCf:

.$7 A7 A 351 A8F A (C CDI: *F A6 IG>7J :CI: 7F 8DCK:GFJ: DC EG:C9 JC C 9: A6 ;DGB: F NF O P Q R DJ EAJH H>BEA:B:CI F I %DGHFJ: 5 :HI JC: >CIfA>If DC H>BJA: JC: K6G>67A: 6Af6ID>G: 9 9: HDGI: FJ: 5 S QS 9 ^ 8=6FJ: fI6E: DC 86A8JA: JC: K6G>67A: 8F Q7F 9F ` E6GI>G 9TJC: HJ>I: 9: K6G>67A:H 6Af6ID>G:H >C9fE:C96CI:H 9F I>Gf:H 6Af6ID> G:B:CI :I 9: BgB: AD> FJ: 9 %: 86H 8A6HH>FJ: :HI 8:AJ> Dn A6 ;DC8I>DC 5 :HI A6 ;DC8I>DC 9: GfE6GI>I>DC 9TJC: K6G>67A: 6Af6ID>G: 9

4/7:1I H>BJAf ;15=4):C CDC =DBD<eC: 9DCI A: CDN6J * 9fE:C9 ` 8=6FJ: fI6E: I 9TJC E6G6BeIG: 6EE:Af I:BEfG6IJG: 3 I %6 H>BJA6I>DC 8DCH>HI: ` 8=6J[:G EJ>H ` ;6>G: 9f8GDiIG: A6 I:BEfG6IJG: 9: HDGI: FJ: AT6AI=B: H: <eA: 96CH A:H :MIG:B6 DC 5 S C H8>:C8:H 9:H B6IfG>6JM A: G:8J>I 8DCH>HI: ` G:;GD>9>G A:CI:B:CI JC B6IfG>6J EDJG :C 6BfA>DG:G H:H EGDEG>fIfH

%: EG>C8>E: 9J G:8J>I H>BJAf :HI A: HJ>K6CI ^ 8=6FJ: fI6E: I DC HJEEDH:


FJ: A: HNHIeB: :HI 96CH JC fI6I 7F S 9TfC:G: 5 S )DJG H6KD>G H> 8:I fI6I :HI JC :MIG:BJB DC H>BJA: JC 6JIG: fI6I H:ADC JC: K6G>67A: 6Af6ID>G: 8F T 9: 9>HIG>7JI>DC *S ?T :I DC 8DBE6G: 5 T :I 5 S ,> 5 T 5 S 6ADGH DC 8DCH:GK: ATfI6I T :C EDH6CI 7F T ,>CDC DC EDJGG6>I E:CH:G FJT>A ;6JI G:?:I:G S B6>H 8:A6 8DC9J>G6>I ` JC: B6JK6>H: HIG6If: 8DBB: CDJH 6AADCH A: KD>G B6>CI:C6CI ,JEEDHDCH FJ: CDJH 6NDCH H>BJAf JC 9:JM>eB: fI6I U H:ADC A6 AD> *T ?U 8DBB: S CT:HI E6H JC :MIG:BJB A :HI IGeH EGD767A: FJ: 5 U 5 S 5 T (C KD>I FJT688:EI:G T CT:HI E6H JC: B6JK6>H: HIG6If: 86G :AA: CDJH 8DC9J>I ` 688:EI:G JC fI6I U B:>AA:JG FJ: S ,> S :HI JC B>C>BJB AD86A 6ADGH IDJH A:H ED>CIH KD>H>CH HDCI 9: FJ6A>If BD>C9G: +:;JH:G A: ED>CI S EDJGG6>I 8DC9J>G: AT6AI=B: ` H: RM:G 96CH A:H :MIG:B6 AD86JM (C 69DEI: 6ADGH A6 HIG6If: HJ>K6CI:

(C 688:EI: S 6K:8 A6 EGD767>A>If L :I DC 688:EI: T 6K:8 A6 EGD767>A>If L '71 6K:8 I %T6AI=B: 9J G:8J>I H>BJAf :HI A: HJ>K6CI

,D>I $ JC :CH:B7A: RC> :I 5 JC: ;DC8I>DC Gf:AA: 9fRC>: HJG $ (C 8=:G8=: A: B>C>BJB 9: 5 S )DJG 8:A6 DC RM: JC: B6IG>8: 9: IG6CH>I>DC HNBfIG>FJ: 0S T 0T S FJ> KfG>R: A6 8DC9>I>DC 9: D:7A>C FJ: CDJH CT:MEA>8>IDCH E6H >8> :I DC 8DCHIGJ>I A6 B6IG>8: 9: IG6CH>I>DC 9: A6 8=6iC: >C=DBD<eC: :C EDH6CI )4/7:1 9 L :I 8F H>CDC

%6 E:G;DGB6C8: 9: AT6AI=B: :HI A>f: 6J 8=D>M 9J H8=fB6 F C EG6 I>FJ: DC EGD8e9: ` 9:H 6?JHI:B:CIH :MEfG>B:CI6JM ,> A: HNHIeB: :HI G: ;GD>9> IGDE G6E>9:B:CI A: HNHIeB: H: <eA: 96CH JC B>C>BJB AD86A ,> A: G:;GD>9>HH:B:CI :HI IGDE A:CI A: I:BEH 9: 86A8JA 9:K>:CI IGDE ADC< .C 8=D>M 8A6HH>FJ: :HI 8:AJ> 9:H E6A>:GH :MEDC:CI>:AH Dn DC RM: F HJG 9:H E6A>:GH 9: I:BEH 9: EAJH :C EAJH ADC I "@C ! @C! "

D19 01 /;991>/1 .C KDN6I K>H>I:G - K>AA:H :C B>C>B>H6CI HDC IG6?:I (C >9:CI>R: JC IG6?:I ` JC: E:G BJI6I>DC 9:H K>AA:H eG: K>AA: (C I>G: 9:JM K>AA:H D :I E 6J =6H6G9 ,> D E DC GfDG9DCC: A6 A>HI: 9:H K>AA:H E6G8DJGJ:H

%:H E:GBJI6I>DCH KD>H>C:H 9: HDCI A:H E:GBJI6I>DCH FJ> H: 9f9J>H:CI 9: :C f8=6CAA:H EG>H:H 6J =6H6G9 D E :I :C 8=6CAA:H A B B A A B , %6 B6IG>8: 9: IG6CH>I>DC 0S T :HI 8=D>H>: 9: A6 B6C>eG: HJ>K6CI: ! H> S :I T KD>H>CH :I S T # - H> S :I T KD>H>CH :I S T 0S T " H> S :I T C: HDCI E6H KD>H>CH (C KfG>R: FJ: 8:II: B6IG>8: :HI HNBfIG>FJ: :I >GGf9J8I>7A: 6EfG>D9>FJ: 9DC8 KfG>R: A6 8DC9>I>DC 9: D:7A>C

M:G8>8:H D1>/5/1 )4+=4 ,- (C H: EGDEDH: 9: 86A8JA:G JC: :HI>B6I>DC 9: E6G JC: H>BJA6I>DC 9: &DCI: 6GAD 8T:HI ` 9>G: 9: 86A8JA:G AT>CIfC: :I 9: G6NDC

55 ?S?T )DJG 8:A6 G:H <MA = JC>;DGBfB:CI GfE6GI>H HJG " # :I EDJG A:H 8DJEA:H SB TB M A M A E K6G>6CI 9: ` - 8DBEI:G 8:JM FJ> IDB7:CI ` AT>CIfG>:JG 9J 8:G8A: > : FJ> KfG>R:CI S B TB

D1>/5/1 L+:71;;)6+- :),17)+- (C H: EGDEDH: 9: H>BJA:G A6 9f8GD>H H6C8: G69>D68I>K: 9: CDN6JM 9TJC 8DGEH 9DCCf (C HJEEDH: FJ: A6 8DCHI6CI:

M:G8>8:H

9: 9fH>CIfDC G69>D68I>K: :HI CDIf: :I FJ: A: CDB7G: 9: CDN6JM ` AT>CHI6CI O :HI -

?- - ?O (C I>G: 6Af6ID>G:B:CI 9:H CDB7G:H PB JC>;DGBfB:CI GfE6GI>H HJG 4 5 :I DC HJEEDH: FJTJC CDN6J H: 9fH>CIe PB :I G:HI: :C ATfI6I H>CDC

-G68:G A6 8DJG7: 9: -- :C ;DC8I>DC 9J I:BEH H>BJAf EDJG 9>[fG:CI:H K6A:JGH 9: - DBB:CI:G

D1>/5/1 6G: JC 6AI=B: 9: 86A8JA 9T>CIfG6G: (C 8DCH>9eG: AT>CIfIf 9: EGD767>A>If 9TJC: K6G>67A: 6Af6ID>G: Gf:AA: 7R 8 R A6 K6G>67A: 6Af6ID>G: 8 A 7M7 :I AT:HI>B6I:JG

A 7M7 6A8JA:G JC: :HI>B6I>DC 9: AT>CIfCIf SF < = A S I @P (C 8=D>H>G6 EDJG A6 K6G>67A: 6Af6ID>G: 7 9>[fG:CI:H 9:CH>IfH AD> JC>;DGB: :I AD> CDGB6A: :I DC 9fI:GB>C:G6 A: CDB7G: - 9: I>G6G:H 6>CH> FJ: A6 K6G>6C8: 9: A6 K6G>67A: 6Af6ID>G: 8 DBB:CI:G KDH GfHJAI6IH

D1>/5/1 7=>-5-6< *:7?61-6 /D>G 8=6E>IG: 8DGG:HEDC96CI (C H: EGDEDH: 9: 8DCHIGJ>G: JC: H>BJA6I>DC 9TJC BDJK:B:CI 7GDLC>:C )DJG 8:A6 DC JI>A>H:G6 JC I>G6G: H:ADC JC: AD> :CC: EDJG BD9fA>H:G A:H >C8GfB:CIH +f6A>H:G EAJH>:JGH I>G6:C

D1>/5/1 H9=)BJA:G JC: fFJ6I>DC 9: A6 ;DGB: ?7L R6CI AT6AI=B: 9: H>BJA6I>DC 9J BDJK:B:CI 7GDLC>:C &D 9>R:G A6 EGD8f9JG: 9: H>BJA6I>DC 9TJC BDJK:B:CI 7GDLC>:C EDJG FJT:AA: 688:EI: :C E6G6BeIG:H A:H ;DC8I>DCH BJA:G ATfFJ6I>DC ?7L 7L ?O ?6L &D9>R:G A6 EGD8f9JG: EDJG K>HJ6A>H:G HJG JC BgB: CIGD9J>HDCH 96CH 8: 8=6E>IG: A:H EG>C8>E6JM EGD8:HHJH 6Af6ID>G:H ` AT:M8:EI>DC 9J BDJK:B:CI 7GDLC>:C FJ> ;6>I ATD7?:I 9TJC 8=6E>IG: HfE6Gf

'DJH G:IGDJK:GDCH A6 EAJE6GI 9: 8:H EGD8:HHJH 96CH A:H EGD7AeB:H 9: 86A8JA HID8=6HI>FJ: %:H EGD8:HHJH 9J H:8DC9 DG9G: DCI 9: CDB7G:JH:H 6EEA>86I>DCH :C I=fDG>: 9J H>I>DCH 9:H EGD8:HHJH ,D>I % JC :HE68: 9: EGD767>A>If :I 3 JC :CH:B7A: 9T>C9>8:H 3 " :HI B:HJG67A: E6G G6EEDGI ` A6 B:HJG: 9J EGD9J>I Dn :HI A6 B:HJG: 9: %:7:H<J: HJG 3 "A :HI CDIf >C9>[fG:BB:CI 7L DJ 7O %6 ;DC8I>DC O 7O :HI 6EE:Af: G: 7L :HI 696EIf ` A6 RAIG6I>DC *L H> 7L :HI *L B:HJG67A: %: I=fDGeB: 9: $DABDHI:C8: 9:H EGD8:HHJH HID8=6HI>FJ:H 7L :HI JC EGD8:HHJH 8:CIGf H> HDC :HEfG6C8: :HI

CJAA: 7L ,> 7L :HI 96CH + @7L @ DC 9fRC>I A6 57A-66- 9J EGD8:HHJH 5 H5 O 7L 7L ?/

A6 >):1)6+-

5 O " @7L 7L @ #

fRC>I>DCH 9:H EGD8:HHJH

A6 .76+DC N O 9: 3 3 fI: ,- FJ: N O O N :I H> :HI 9fRC>: EDH>I>K: 8T:HI ` 9>G: H> EDJG IDJI :CI>:G I EDJG IDJI O O OF 3 :I EDJG IDJI < A6 ;DC8I>DC N O >O N :HI 9: INE: EDH>I>;

%>;I >O JC: ;DC8I>DC H:B> 9fRC>: EDH>I>K: 6ADGH >

>O >O

:I

@>O@ >

,> 3 :I H> > :HI JC: ;DC8I>DC 8DCI>CJ: ` ATDG>C: 6ADGH > :HI JC>;DGBf B:CI 8DCI>CJ:

%>;DC 9: 8DGGfA6I>DC :HI EDH>I>K: 1O O 5 O :I 9: INE: EDH>I>; 8T:HI ` 9>G: HNBfIG>FJ: 1N O 1O N :I 9fRC>: EDH>I>K:

%:H I=fDGeB:H HJ>K6CIH ;DC9:CI A6 G:EGfH:CI6I>DC HE:8IG6A: 9:H EGD8:HHJH HI6I>DCC6>G:H

(4O;>N91 1>38;@F ,D>I > JC: ;DC8I>DC H:B> 9fRC>: EDH>I>K: 9: 96CH "A :M>HI: JC: JC>FJ: B:HJG: EDH>I>K: HJG # # I:AA: FJ: EDJG IDJI :CI>:G I 5 >I

@AF ?

(4O;>N91 ;/4:1> ,D>I > JC: ;DC8I>DC 8DCI>CJ: :I H:B> 9fRC>: EDH> I>K: 9: 96CH "A :M>HI: JC: JC>FJ: B:HJG: 7DGCf: I:AA: FJ: EDJG IDJI O 5 >O

@AL ?

%6 Gf<JA6G>If 9:H IG6?:8ID>G:H :HI 9fI:GB>Cf: E6G A: I=fDGeB: 9: $DABD 7L :HI JC EGD8:HHJH HID8=6HI>FJ: I:A FJ: EDJG IDJI O O C 96CH "A :M>HI: 9:H 8DCHI6CI:H K > :I M KfG>R6CI H

J

@7L @ 7L @ > @C@

)GD8:HHJH 6Af6ID>G:H

6ADGH EG:HFJ: IDJI:H A:H IG6?:8ID>G:H HDCI 8DCI>CJ:H

.C EGD8:HHJH 7L :HI ;G:H 7L 7L% :I 7L @ 7L% @ DCI BgB: AD>

.C EGD8:HHJH 7L :HI ;DCC6>G: H> HDC :HEfG6C8: 7L :HI JC: 8DCHI6CI: >C9fE:C96CI: 9J I:BEH O H6 ;DC8I>DC 9: 8DGGfA6I>DC 1N O C: 9fE:C9 FJ: 9: A6 9>[fG:C8: O N :I 1 :HI 8DCI>CJ: ` ATDG>C:

,> 7L :HI JC EGD8:HHJH HI6I>DCC6>G: H6 ;DC8I>DC 9: 8DGGfA6I>DC :HI 8DCI>CJ: :C :I 9fRC>: EDH>I>K: %6 ;DC8I>DC

1 1

:HI JC: ;DC8I>DC 86G68IfG>HI>FJ: 9T6EGeH A: I=fDGeB: 9: D8=C:G )6G 8DCHf FJ:CI >A :M>HI: JC: ;DC8I>DC 9 6EE:Af: .76+CJ: >A :M>HI: JC: ;DC8I>DC 2 6EE:Af: ,-6;1DC 9: A6 IG6CH;DGBf: 9: DJG>:G >CK:GH: H> 6ADGH A6 9:CH>If HE:8IG6A: :HI 9DCCf: E6G 5 2 @A 1 ?

0

@1 @ ?

D19DCC6>G: 9DCI A6 9:CH>If HE:8IG6A: :HI 8DCHI6CI: 25 < ,6 ;DC8I>DC 9: 8DGGfA6I>DC :HI 9DC8 9: A6 ;DGB: 15 :CI IDJI:H A:H ;GfFJ:C8:H 9TDn HDC CDB 9: 7GJ>I 7A6C8 ,6 K6G>6C8: CT:HI E6H 7DGCf: >A CT:HI 9DC8 E6H Gf6A>H67A: :C I=fDG>:

.C C4If HE:8IG6A: :HI 8DCHI6CI: HJG JC >CI:GK6AA: 4 ; ; 5 9: A6 ;DGB: 25 I>DCH 9:H EGD8:HHJH

,6 ;DC8I>DC 9: 8DGGfA6I>DC :HI 15
DC :MEDC:CI>:AA: 6 JC: 9:CH>If HE:8IG6A: 9: A6 ;DGB: 25 =

DC 9: 8DGGfA6I>DC 9DCCf: E6G 15 G:H 7L 7L 7L 7L% 7L% HDCI >C9fE:C96CI:H ,> 7L :HI JC EGD8:HHJH ` 688GD>HH:B:CIH >C9f E:C96CIH 6ADGH EDJG IDJI N :I O I:AH FJ: N O 7L 7K :HI >C9fE:C96CI 9: *K 7M P N %6 AD> 9: 7L :HI :CI>eG:B:CI 9fI:GB>Cf: E6G A6 AD> 9: 7L 7K .C EGD8:HHJH 7L :HI JC 8:7+-;;=; I )++:71;;-5-6 7L 7K 6 BgB: AD> FJ: 7LK ,> 7L :HI JC EGD8:HHJH ` 688GD>HH:B:CIH >C9fE:C96CIH 6ADGH H6 ;DC8I>DC 86G68IfG>HI>FJ: HTf8G>I L L% S SF L S SF L L S SF L% L% SF 6K:8 L

L

S "'71 DS7L 7L #

,> 7L :HI JC EGD8:HHJH ` 688GD>HH:B:CIH >C9fE:C96CIH HI6I>DCC6>G:H 6ADGH H6 AD> :HI 16,LC615-6< ,1>1;1*4- %6 AD> 9J EGD8:HHJH 7L :HI :CI>eG:B:CI 9fI:GB>Cf: E6G A6 AD> 9: 7

(4O;>N91 ,D>I 7L JC EGD8:HHJH ` 688GD>HH:B:CIH >C9fE:C96CIH HI6I>DC C6>G:H *L A6 RAIG6I>DC :CHH:B:CIH >C9fE:C96CIH HI6I>DCC6>G:H 9: BgB: AD> FJ: 7L :I >C9fE:C96CI 9: *1 .C EGD8:HHJH 7L :HI /)=;;1-6 H> EDJG IDJI :CI>:G I :I EDJG IDJH Gf:AH O O OF A:H K6G>67A:H 6Af6ID>G:H 7L 7L% DCI JC: 9>HIG>7JI>DC :CC: ,> DC CDI: HO AT:HEfG6C8: 9: 7L :I 1N O A6 ;DC8I>DC 9: 8DGGfA6I>DC


9J EGD8:HHJH H6 ;DC8I>DC 86G68IfG>HI>FJ: HTf8G>I F 3 L L% S SF %'71 D SB 7L! & B

F F 3 3 SB SC 1OB OC & '71 %D SB HOB B B

.C EGD8:HHJH :C :HI :CI>eG:B:CI 9fI:GB>Cf E6G A6 9DCCf: 9: H6 K6A:JG BDN:CC: HO :I 9: H6 ;DC8I>DC 9: 8DGGfA6I>DC 1N O

)GD8:HHJH 9: &6G@DK ,D>I $ ) :I % * 9:JM :HE68:H B:HJG67A:H DC 6EE:AA: 67A)= IDJI: / S :HI JC: 6EEA>86I>DC / $ * I:AA: FJ: !S $ B:HJG: HJG % * :I ! % S / S :HI ) B:HJG67A:

(C 9>I FJ: / :HI JC CDN6J EDH>I>; HT>A C: EG:C9 FJ: 9:H K6A:JGH EDH>I>K:H

/ :HI JC 67A)= ;7=;5):37>1-6 DJ JC: 8:7*)*141; I:A FJ: / S % EDJG IDJI S 96CH $ ,> A % :HI JC: ;DC8I>DC * B:HJG67A: DC 9fRC>I A6 ;DC8I>DC / A E6G 5 / A S / S ?T A T $

(C CDI: / A S / S A DC G:IGDJK: / S H> A : BgB: EDJG JC: B:HJG: HJG $ ) DC 9fRC>I JC: B:HJG: / HJG % * E6G 5 ! (C 6

*

/

5

/ A

#

?S / S

5 A T / ?T

?S / A S / A

,> / :I 0 HDCI 9:JM CDN6JM / JC CDN6J G:A6I>; 6JM :HE68:H $ ) :I % * :I 0 JC CDN6J G:A6I>; 6JM :HE68:H % * :I & + DC 9fRC>I A: EGD9J>I 9: 9:JM CDN6JM E6G 5 / 0 S / S ?T 0T $

)6G Gf8JGG:C8: DC 9fRC>I / F S A / F S / A :I DC CDI: /F / F

)GD8:HHJH 9: &6G@DK

,D>I JC :HE68: 9: EGD767>A>If :I $ & AT:HE68: 9:H fI6IH & 9fH>7J 9:H 7DGfA>:CH 9: $ .C EGD8:HHJH 7L :HI JC 8:7+-;;=; ,):37> H> EDJG IDJI P :I O :I EDJG IDJI & DC 6 7L M

@7K N O 7L M

@7L

8: FJ> H>R: FJ: A: EGD8:HHJH C: 9fE:C9 FJ: 9J 9:GC>:G >CHI6CI :I CDC 9: IDJI: HDC =>HID>G: )DJG 9fBDCIG:G FJTJC EGD8:HHJH :HI JC EGD8:HHJH 9: &6G@DK >A HJZI 9: BDCIG:G E6G A: I=fDGeB: 9: 8A6HH: BDCDIDC: FJ: EDJG IDJI I EDJG IDJH Gf:AH O O OF :I EDJG IDJI: ;DC8I>DC A 7DGfA>:CC: 7DGCf: A 7L% @ 7L 7L% A 7L% @ 7L% 6CH A: 86H Dn $ :HI 9fCDB7G67A: DC G:IGDJK: A:H G:A6I>DCH KJ:H EDJG A:H 8=6iC:H 9: &6G@DK 7L% SF @ 7L% SF 7L S 7L% SF @ 7L% SF %6 EGD767>A>If 9: IG6CH>I>DC EDJG E6HH:G 9: ATfI6I S 6J I:BEH N ` JC fI6I 6EE6GI:C6CI ` ` AT>CHI6CI O :HI CDIf: EDJG N O /KL S KN S O 7L

@ 7K S

%6 ;DC8I>DC KN S O :HI JC: EGD767>A>If HJG & %6 EGD767>A>If 9: IG6CH>I>DC KfG>R: ATL9=) FJ> HTf8G>I HDJH A:H ;DGB:H HJ>K6CI:H ,D>I N P O I:A FJ: 7M T DC 6 5 /KM S ?T /ML T /KL S #

:I 96CH A: 86H 9TJC :HE68: $ 9fCDB7G67A: 3 /KM S T/ML T U /KL S U Q#

,> DC CDI: KL A6 9>HIG>7JI>DC 9: 7L KL 7L

6ADGH EDJG IDJH Gf:AH O O OF 7L

! 7L% !F 5 F 45 KL ?S KOC SC OC ?SC KOF SF OF !F #

C

"

C E6GI>8JA>:G

5 7L !

#

KO S O ! KL ?S


%: EGD8:HHJH 7L :HI JC 8:7+-;;=; ,- ):37> 0757/K6- H> EDJG IDJI N :I O 9: 3 A6 IG6CH>I>DC KN S O ! KS ! C: 9fE:C9 FJ: 9: O N %:H DEfG6I:JGH /KL /LK HDCI CDIfH H>BEA:B:CI /L "AH ;DGB:CI 96CH A: 86H =DBD<eC: JC H:B> I>DC 9:H 8=6iC:H 9: &6G@DK ADGHFJ: AT:HE68: 9:H fI6IH :HI HfE6G67A: FJ:A8DCFJ: :C EG:C6CI JC CDN6J 9: IG6CH>I>DC ,D>I 7F JC: HJ>I: 9: K6G>67A:H 6Af6ID>G:H 9fRC>:H HJG JC :HE68: 9: EGD767>A>If % ` K6A:JGH 96CH $ ) ,D>I *F JC: RAIG6I>DC 9: A6 IG>7J % (C HJEEDH: FJ: A:H K6G>67A:H 6Af6ID>G:H 7F HDCI *F B:HJG67A:H :I FJ: $ :HI JC :HE68: HfE6G67A: 7F :HI JC: 8=6iC: 9: &6G@DK =DBD<eC: 9: EGD767>A>If 9: IG6CH>I>DC / H> EDJG IDJI: ;DC8I>DC ) B:HJG67A: 7DGCf: A 7F @*F / A 7F %6 EGD767>A>If 9: IG6CH>I>DC :HI A: CDN6J / A 7F A 7F @7F :I A6 EGD767>A>If 7

:HI A6 AD> 9T:CIGf: 9: A6 8=6iC:

)GD8:HHJH EDC8IJ:AH .C 8:7+-;;=; 876+HH6CI:H 8DCI>CJ:H ` 9GD>I: CJAA:H :C :I 9DCI A:H H6JIH HDCI 9: I6>AA: (C 6HHD8>: ` JC EGD8:HHJH 9: 8DBEI6;H 3F +/(;H 2F 3F 3F

%6 A>B>I: 3 -+. 3F :HI 6EE:Af: A: ; H> 3 -L H> :I H:JA:B:CI H> O 3

"CK:GH:B:CI H> DC H: 9DCC: JC: HJ>I: 9: K6G>67A:H 3F 3 3 3 :I 9:H K6G>67A:H 2F HIG>8I:B:CI EDH>I>K:H DC E:JI ` E6GI>G 9:H 3F DJ 9:H 2F G:8DCHIGJ>G: A: EGD8:HHJH :C EDH6CI -L

3

1% L

3F 2 2F

F

=6FJ: K6G>67A: 3F :HI JC I:BEH 9T6GGgI G:A6I>K:B:CI ` A6 RAIG6I>DC *L -K N O EJ>HFJ: 8I: B:CI 8GD>HH6CI: A:H H6JIH 9J EGD8:HHJH HDCI 9: I6>AA: (C CDI: % A6 AD> 9:

)GD8:HHJH EDC8IJ:AH

3F (C 6 % O 2 O %6 AD> % CT:HI E6H 8DC8:CIGf: :C %

%6 .76+-44-5-6< :HI 9fRC>: E6G 4 O

3

% F O

F

3

3F O -L

F

:II: ;DC8I>DC :HI EG:HFJ: HoG:B:CI RC>: C :[:I 8DBB: % CT:HI E6H 8DC8:CIGf: :C EDJG IDJI >A :M>HI: JC CDB7G: I:A FJ: % # # % ,> F :HI JC :CI>:G I:A FJ: O F 6ADGH 3C O % C O C DBB: % CF O

3CF O 3C O 3 C 3C O 3FC 3F C O F % C O

DC :C 9f9J>I A6 B6?DG6I>DC -L

3

3F O

F

3 C 3

3FC B O

F B 3

3

F

F

3FC O F

% C O

F

%>; % 6ADGH AT:HEfG6C8: -L 8DCK:GCRC> ,> % 6ADGH -+. -L

L

%

%>1AB1 T6EGeH A: I=fDGeB: 9: :EED %:K> DC 6 -+. -L

L

-+.

3

L F 3

3F O

3F

F 3 F

% F


FJ> K6JI AT>CRC> H> % :I % H> % %>;IfH 4

3

I 4 I

F

3

I K6CI: 5

3

3F 3 1%

F 3

: :CI>eG: 9: P 7L :HI A: :C EDH6CI F " E C C F T6EGeH A: I=fDGeB: 9: EGD8:HHJH 7L 3C HF F :I A6 A>B>I: 8:CIG6A: DC H6>I FJ: 3 F CDGB6A: 1 9TDn DC 9f9J>I FJ: 7L 8DCK:G :C AD> K:GH 8:II: CDGB6A:

DBB: A>If 7L If

FJTJC: AD> CDGB6A: HD>I >C;fG>:JG: ` S 1 E S

TDn A: GfHJAI6I

)GD8:HHJH 9: )D>HHDC .C EGD8:HHJH 9: )D>HHDC -L 9T>CI:CH>If :HI JC EGD8:HHJH EDC8IJ:A FJ> HJ>I JC: AD> 9: )D>HHDC 9: E6G6BeIG: O "A :HI fFJ>K6A:CI 9: 9>G: FJ: A: EGD8:HHJH -L :HI JC EGD8:HHJH 9: )D>HHDC 9T>CI:CH>If H> - EDJG IDJH Gf:AH O O OF A:H K6G>67A:H 6Af6ID>G:H -L -L -L -L% -L% HDCI >C9fE:C96CI:H EDJG IDJH Gf:AH N :I O N O -L -K 6 BgB: AD> FJ: -LK -L HJ>I JC: AD> 9: )D>HHDC 9: E6G6BeIG: O OF L -L I @ I


JIG:B:CI 9>I -L :HI JC EGD8:HHJH ` 688GD>HH:B:CIH >C9fE:C96CIH HI6I>DC C6>G:H 9: AD> 9: )D>HHDC 9: E6G6BeIG: O T:HI JC EGD8:HHJH 9: 8DBEI6 :HI 8DCHI6CI E6G BDG8:6JM :I FJ> HT688GDiI 9TJC: JC>If 6JM >CHI6CIH 3 3 3F :H >CHI6CIH HDCI 6Af6ID>G:H :I G:EGfH:CI:CI E6G :M:BEA: A:H >CHI6CIH 9: E6CC: 9TJC: >CHI6AA6I>DC 6CH 8: 86H -L 8DBEI: A: CDB7G: 9: E6CC:H FJT>A N 6 :J:H 6K6CI AT>CHI6CI O (C CDI: 2F A: EGD8:HHJH 2F 3F 3F "A G:EGfH:CI: A6 9JGf: 9: ;DC8I>DCC:B:CI :CIG: 9:JM E6CC:H 8DCHf8JI>K:H C HJEEDH6CI FJ: 2F HJ>I JC: AD> :MEDC:CI>:AA: 9: E6G6BeIG: DC E:JI 8DCHIGJ>G: A: EGD8:HHJH 9: )D>HHDC 86G 96CH 8:H 8DC9>I>DCH A:H K6G>67A:H 3F HJ>K:CI JC: AD> C9>8: I 3F :HI A6 HDBB: 9: I K6G>67A:H >C9fE:C96CI:H :MEDC:CI>:AA:H 9: E6G6BeIG: )6G 8DCHfFJ:CI -L I

3F O 3F 3F O 3F O@3F O 3F O 3F O@3F O 3F O 3F O 5 L 5 F L F P F SF @ P ?S S @ ?S I I OF L @ I

%: GfHJAI6I HTD7I>:CI :C >CIf:H A6 EG:B>eG: >CIf;5O@O? 01? ;/1??A? 01 %;5??;: %T:HEfG6C8: :I A6 K6G>6C8: 9TJC EGD8:HHJH 9: )D>HHDC HDCI fDC 9: 8DGGfA6I>DC 9TJC EGD8:HHJH 9: )D>HHDC K6JI *N O "-K N-L O# .+/N O ,> -L :HI JC EGD8:HHJH 9: )D>HHDC 9: E6G6BeIG: 6ADGH EDJG IDJH N O A6 K6G>67A: -L -K HJ>I JC: AD> 9: )D>HHDC 9: E6G6BeIG: O N

-L -K I

F O NF LK @ I

.C EGD8:HHJH 9: )D>HHDC :HI JC EGD8:HHJH 9: &6G@DK =DBD<eC: 9: AD> 9: IG6CH>I>DC 3 B O NBA @ LK KD O N E D

BB A

%T6EEA>86I>DC 9: A6 AD> 9:H HHDC

%T6EEA>86I>DC 9J I=fDGeB: 9: A6 A>B>I: 8:CIG6A: BDCIG: FJ: -L O AD> C 1 O %>1AB1 %6 EG:JK: 9: 8:II: 6HH:GI>DC HTfI67A>I EDJG O :C EG:C6CI A6 A>B>I: 9: AT>CfIf HJ>K6CI: -L "O# -L "O# -L O "O# O O "O# Dn "O# 9fH>: :CI>eG: 9: O =6FJ: B:B7G: I:C9 K:GH E6G 6EEA> 86I>DC 9: A6 AD> 9:H :G C6IJG:A -F I

%6 ;DC8I>DC 86G68IfG>HI>FJ: 9TJC EGD8:HHJH 9: )D>HHDC K6JI @AM,*

3 OF F

(C E:JI 9DC8 86A8JA:G -L O '71 DP C O

I

@ L @AMF @ L @AM

+ DP '71 O @AM L C O DP P DP '71 O O J C O O O O

'71P

%6 8DCK:GDCH 86G68IfG>HI>FJ:H 6HHJG: A6 8DCK:G

'DJH 69B:IIGDCH A: GfHJAI6I HJ>K6CI

(4O;>N91 ,D>I -L JC EGD8:HHJH 9: 8DBEI6DC *L

)DJG FJ: -L HD>I JC EGD8:HHJH 9: )D>HHDC >A ;6JI :I >A HJZI FJT>A :M>HI: JC: 8DCHI6CI: I:AA: FJ: -L O HD>I JC: B6GI>CK:B:CI ` *L

,D>I -L JC EGD8:HHJH 9: )D>HHDC 9: E6G6BeIG: :I 8F JC: HJ>I: 9: K6G>67A:H 6Af6ID>G:H >C9fE:C96CI:H 9: BgB: AD> % CT6N6CI E6H 9T6IDB: :C OfGD :I >C9fE:C96CI:H 9: -L DC 6EE:AA: 8:7+-;;=; ,- 71;;76 +7587;L A: EGD8:HHJH ,* 3 8F 7L F

%6 ;DC8I>DC 86G68IfG>HI>FJ: 9: 8: EGD8:HHJH :HI 9DCCf: E6G 5 @A&M5* ' '71 O @A&MP' % ?S


)GD8:HHJH 9: %fKN .C EGD8:HHJH 7L 696EIf ` A6 RAIG6I>DC *L :HI JC 8:7+-;;=; ,- L>A H> 7 H> A:H IG6?:8ID>G:H 9: 7L HDCI 8DCI>CJ:H ` 9GD>I: :I 6K:8 9:H A>B>I:H ` C9fE:C96CI: 9: A6 IG>7J *L :I 9: BgB: AD> FJ: 7K )DJG EAJH 9T>C;DGB6I>DC HJG A:H EGD8:HHJH 9: %fKN DC EDJGG6 H: G:EDGI:G ` ATDJKG66CDJ :I EDJG A:H ;=*7:,16)DC 9: # :GID>C

D19 JC EGD8:HHJH 9: %fKN G:A6I>K:B:CI ` A6 RAIG6I>DC C6IJG:AA: :HI JC EGD8:HHJH 9: )D>HHDC

(4O;>N91 ,D>I 7L JC EGD8:HHJH 9: %fKN 696EIf ` A6 RAIG6I>DC *L :I 9: AD> L %:H AD>H L ;DGB:CI JC H:B> DC

L K L K %: EGD8:HHJH 7L H6I>H;6>I A6 EGDEG>fIf 9: &6G@DK EDJG A: CDN6J 5 /L S S T L ?T %>1AB1 (C KfG>R: FJ: /L :HI JC H:B> fIf 9: &6G@DK 86G A 7L K @*L

A 7L 7L K 7L @*L 5

K ?TA 7L T

/K A 7L

(4O;>N91 !OBE 45:@/45:1 %6 ;DC8I>DC 86G68IfG>HI>FJ: 9TJC EGD8:H HJH 9: %fKN 7L :HI 9: A6 ;DGB: @A 5* @L

)GD8:HHJH 9J H:8DC9 DG9G:

Dn :HI AT:MEDH6CI 86G68IfG>HI>FJ: 9: A6 AD> >C9fRC>B:CI 9>K>H>7A: 9: 7 FJ> HTf8G>I 5 @A P D S(P( ?S D<

A6 FJ6CI>If < :HI Gf:AA: < :I :HI JC: B:HJG: 8DC8:CIGf: HJG # " I:AA: FJ: 5 9 S ?S

%: IG>EA:I 7L :HI 9fG>K67A: :C BDN:CC: FJ69G6I>FJ: :I H> 7L 69B:I A6 9:CH>If HE:8IG6A: 25 6ADGH A: EGD8:HHJH 9fG>Kf 69B:I JC: ;DC8I>DC HE:8IG6A: 25 9DCCf: E6G 25 25 )AJH DC HE:8IG6A: :HI 9DCCf: E6G A6 ;DGBJA: 25 " C C 25 (4O;>N91 01 ->4A:1:!;NB1 ,D>I 7L JC EGD8:HHJH 9J H:8DC9 DG9G: EDJG O "CJ :C BDN:CC: FJ69G6I>FJ: 8:CIGf "A :M>HI: JC :I JC H:JA 9fK:ADEE:B:CI 6EE:Af ,L>-4788-5-6< ,- ):0=6-67K>- 9: A6 ;DGB: 7L

3

8F F O

F

Dn A:H 8F HDCI 9:H K6G>67A:H 6Af6ID>G:H 9J H:8DC9 DG9G: I:AA:H FJ: 8A 8B

H> D E :I @8A @ A Dn A:H A HDCI A:H K6A:JGH EGDEG:H :I A:H A A:H K:8I:JGH EGDEG:H 9: ATDEfG6I:JG 1 + + HNBfIG>FJ: 8DBE68I 5 : 1A N 1N OA O?O 9

KfG>R6CI

5

: 9

1N OF O?O F F O

D19:C !L KD>G A: 8=6E>IG: 8DGG:HEDC 96CI A: 9fK:ADEE:B:CI HTf8G>I EDJG JC: HJ>I: 9: K6G>67A:H 6Af6ID>G:H 9F 9:

AD> CDGB6A: 8:CIGf: Gf9J>I: 1 I:AA:H FJ: @9F @ !L

C 3 3+/I O 9F I F

(4O;>N91 ,D>I 7L JC EGD8:HHJH HI6I>DCC6>G: 9J H:8DC9 DG9G: 8:CIGf "A :M>HI: JC JC>FJ: EGD8:HHJH ` 688GD>HH:B:CIH DGI=DHDBfIG>: 9: + HJG '7 Dn '7 :HI A: HDJH :HE68: 9: !>A7:GI 9: + % fC6>HDCH A>Cf6>G:H RC>:H ` 8D:Z8>:CIH 8DBEA:M:H 9TfAfB:CIH 9: 7 %6 ;DC8I>DC 9: 8DGGfA6I>DC 1N O 7K 7L :HI 9DCCf: E6G 5 1N O @ALK ?


Dn :HI A6 B:HJG: EDH>I>K: 6HHD8>f: ` 9L :I 6EE:Af: 5-;=:- ;8-+N91 0IO/4-:@588;::-31 ,D>I 7L JC EGD8:HHJH HI6I>DCC6>G: 9J H: 8DC9 DG9G: 8:CIGf 8DCI>CJ :C BDN:CC: FJ69G6I>FJ: 9DCI A6 B:HJG: HE:8IG6A: EDHHe9: JC: 9:CH>If 7DGCf: E6G G6EEDGI ` A6 B:HJG: 9: %:7:H<J: 9: A6 ;DGB: ? A ? Dn A :HI CJAA: :C 9:=DGH 9: AT>CI:GK6AA: "3 3 # 6ADGH H> DC EDH: 1 O 3+/3 O3 O DC 6 3 I % 7L 7 1 O 3 F

%6 8DCK:G:J 96CH + EDJG IDJI: K6A:JG 9: O DC :C 9f9J>I JC: ;DGBJA: 9: 8DCK:G6C8:

I 3 I 15 1 O 15 O 3 3 F

%>;/1??A? 1>3;05=A1? .C EGD8:HHJH 9J H:8DC9 DG9G: 7L 9: BDN:CC: HO :I 9: ;DC8I>DC 9: 8DGGfA6I>DC 1N O :HI -:/7,19=- H> 3 8: FJ> fFJ>K6JI `

3

5

5

1

1

*

1N O ?N ?O

5

1

*

7L HO ?O

,> 7L :HI HI6I>DCC6>G: 7L :HI :GFJ: H> :I H:JA:B:CI H> 1

( (

8: FJ> fFJ>K6JI ` 1 3 -+.

5

1

1 ? 3

>CH> A6 8DCC6>HH6C8: 9: A6 ;DC8I>DC 9: 8DGGfA6I>DC :I 9: A6 BDN:CC: E:G B:I 9: 9fI:GB>C:G H> A: EGD8:HHJH :HI :GFJ:

M:G8>8:H D1>/5/1 ,D>I 7L JC EGD8:HHJH ` 688GD>HH:B:CIH >C9fE:C96CIH &DCIG:G FJ: 7L :HI JC: B6GI>CK:B:CI ` A6 RAIG6I>DC *K 7M P N H> 7L 7K

M:G8>8:H

D1>/5/1 ,D>I 7L JC EGD8:HHJH ` 688GD>HH:B:CIH >C9fE:C96CIH &DCIG:G FJ: A: EGD8:HHJH @A 5* 8L @A 5* :HI JC: B6GI>C/5/1 &DCIG:G FJTJC EGD8:HHJH 9: )D>HHDC CT:HI E6H :GFJ:

D1>/5/1 (C 8DCH>9eG: JC: HJ>I: 9: K6G>67A:H 6Af6ID>G:H 3F I:AA:H FJ: 3 3 3 3F 3F HDCI >C9fE:C96CI:H :I 9: BgB: AD> (C EDH: 3 2F 3F 3F :I 3 1% L -L F

,> 3F G:EGfH:CI: A:H >CHI6CIH 9: E6CC: 9TJC fFJ>E:B:CI -L :HI A: CDB7G: 9: E6CC:H 6K6CI AT>CHI6CI O (C HJEEDH: FJ: A:H K6G>67A:H 6Af6ID>G:H 2F HJ>K:CI JC: AD> :MEDC:CI>:AA: 9: E6G6BeIG: fI:GB>C:G A6 AD> 9: 3F

&DCIG:G FJ: -L :HI JC EGD8:HHJH 9: )D>HHDC 9: E6G6BeIG: O &DC IG:G FJ: A6 AD> 9: 3 3F 8DC9>I>DCC:AA:B:CI ` -L I :HI A6 AD> 9TDG9G: 9TJC I f8=6CI>AADC JC>;DGB: HJG " # 9: 9:CH>If I

L L% L OF ,D>I N O BDCIG:G FJ: A6 AD> 9: -K 8DC9>I>DCC:AA:B:CI ` -L I :HI JC: AD> 7>CDB>6A: 9: E6G6BeIG: !NO I &DCIG:G FJ: A6 K6G>67A: 6Af6ID>G: -L -K HJ>I JC: AD> 9: )D>HHDC 9: E6G6BeIG: O N :I :HI >C9fE:C96CI: 9: -K

D1>/5/1 (C 8DCH>9eG: A: EGD8:HHJH 7L ,* Dn -L JC EGD8:HHJH 9: )D>HHDC 9T>CI:CH>If 6A8JA:G A6 BDN:CC: :I A6 ;DC8I>DC 9: 8DGGfA6I>DC 9: 7L

D1>/5/1 ,D>I 7L :I 8L 9:JM EGD8:HHJH HID8=6HI>FJ:H 9: ;DC8I>DC 9: 8DGGfA6I>DC 15 P @9(M(

:I

16 P @9

M

:H EGD8:HHJH HDCI >AH 8DCI>CJH :C BDN:CC: FJ69G6I>FJ: 9fG>K67A:H :C BDN:CC: FJ69G6I>FJ: D1>/5/1 (C 8DCH>9eG: A: EGD8:HHJH 7L 9J H:8DC9 DG9G: 9: ;DC8I>DC 9: 8DGGfA6I>DC 1P @9(M(


Dn < :HI JC Gf:A EDH>I>; < fI:GB>C:G H6 9:CH>If HE:8IG6A: 6>CH> FJ: A6 9:CH>If HE:8IG6A: 9J EGD8:HHJH 9fG>Kf

D1>/5/1 (C 8DCH>9eG: JC EGD8:HHJH 8L 6K:8 O 9fRC> 9: A6 B6C>eG: HJ>K6CI: ^ 8=6FJ: >CHI6CI 8L EG:C9 A6 K6A:JG DJ 6K:8 fFJ>EGD767>A>If :I H6JI: 9TJC: K6A:JG ` AT6JIG: E6G 9:H H6JIH 6Af6ID>G:H >C9fE:C96CIH %6 EGD767>A>If 9T6KD>G I H6JIH 96CH JC >CI:GK6AA: 9: I:BEH 3 :HI 9DCCf: E6G / I 3

CI:GK6AA: O 6A8JA:G HDC 9fK:ADEE:B:CI 9: $6G=JC:C %DeK: (C EDJGG6 JI>A>H:G A: ;6>I FJ: ATDEfG6I:JG 5

1 1

@(LK( A N ?N A O

3 O3

6 8DBB: K6A:JGH EGDEG:H F

= F

:I

:F

:= F

Dn =F :I :=F HDCI G:HE:8I>K:B:CI A:H HDAJI>DCH 9: ATfFJ6I>DC = 4$/=3

:I 9:

:= %04:=3

%:H ;DC8I>DCH EGDEG:H 8DGG:HEDC96CI:H fI6CI 9DCCf:H E6G AF O > %03=F O

:I

6A8JA:G A6 9:CH>If HE:8IG6A: 9: 7L

A:F O > 3+/:=F O

>A:H 9T6II:CI:

.C: RA: 9T6II:CI: :HI 8DCHI>IJf: E6G 9:H 8A>:CIH CJBfGDIfH

FJ> 6GG>K:CI ` 9:H >CHI6CIH 8GD>HH6CIH O O O EDJG H: ;6>G: H:GK>G E6G JC DJ 9:H H:GK:JGH *J6C9 A:H 8A>:CIH C: E:JK:CI gIG: H:GK>H >BBf9>6I:B:CI >AH E6I>:CI:CI 96CH A6 RA: :C 6II:C96CI FJTJC 9:H H:GK:JGH H: A>7eG: %:H >CHI6CIH 9T6GG>Kf: OF :I A:H I:BEH 9: H:GK>8: F :HI A6 9JGf: 9: H:GK>8: G:FJ>H: EDJG A: 8A>:CI I HDCI 6Af6ID>G:H %6 9>H8>EA>C: 9: H:GK>8: :HI H6J; 6K>H 8DCIG6>G: A6 9>H8>EA>C: "( >GHI "C >GHI (JI Dn A: EG:B>:G 8A>:CI 6GG>Kf :HI A: EG:B>:G H:GK> &6>H DC G:C8DCIG: 9:H RA:H 9T6II:CI: %"( %6HI "C >GHI (JI 96CH A:HFJ:AA:H A: 9:GC>:G 8A>:CI 6GG>Kf :HI A: EG:B>:G H:GK> DJ 9T6JIG:H 9>H8>EA>C:H 8DBB: A:H RA:H 6K:8 EG>DG>If EGf:BEI>K: DJ CDC .C: RA: 9T6II:CI: :HI 9DC8 9fRC>: E6G A6 AD> 9T>CI:G6GG>Kf: 9:H 8A>:CIH F OF OF A6 AD> 9:H I:BEH 9: H:GK>8:H F A: CDB7G: 9: H:GK:JGH N A6 I6>AA: 9: A6 H6AA: 9T6II:CI: H 6EE:Af: 6JHH> I6>AA: 9: A6 RA: 9T6II:CI: :I A6 9>H8>EA>C: 9: H:GK>8: E6G 9f;6JI "(

6CH A6 CDI6I>DC 9: $:C96AA A6 RA: :HI CDIf: HDJH A6 ;DGB: 9TJC FJ6 9GJEA:I NH 96CH A:FJ:A A:H AD>H HDCI CDIf:H HNB7DA>FJ:B:CI EDJG C9fE:C96CI ADGHFJ: A:H AD>H 8DGG:HEDC9:CI ` 9:H K6G>67A:H 6Af6 ID>G:H >C9fE:C96CI:H & EDJG &6G@DK ADGHFJ: A:H K6G>67A:H 6Af6ID>G:H HDCI >C9fE:C96CI:H :I HJ>K:CI JC: AD> :MEDC:CI>:AA: 9: BgB: E6G6BeIG: A: EGD 8:HHJH :HI 6ADGH JC EGD8:HHJH 9: )D>HHDC :I EDJG fI:GB>C>HI: ADGHFJ: A:H AD>H C: HDCI E6H 6Af6ID>G:H 96CH 8: 86H :I :C CI:G6GG>Kf:H DJ A:H I:BEH 9: H:GK>8: HDCI 8DCHI6CIH (C DB:I 9: B:CI>DCC:G A6 I6>AA: 9: A6 RA: 9T6II:CI: ADGHFJT:AA: :HI >CRC>: %:H 8:CIG6JM IfAfE=DC>FJ:H A:H 86>HH:H 9TJC HJE:GB6G8=f DJ A:H H:GK>8:H 9: H:GK:JGH >C;DGB6I>FJ:H HDCI 9:H

>A:

BD9eA:H 9: RA:H 9T6II:CI: )DJG EDJGHJ>KG: ATfIJ9: 9:H RA:H 9T6II:CI: DC EDJGG6 8DCHJAI:G A: A>KG: 9: )=>A>EE: +D7:GI

>A:

,D>I 6F A: I:BEH 9T6II:CI: 9J 8A>:CI I : 8A>:CI 6GG>K: ` AT>CHI6CI OF KD>I HDC H:GK>8: 9f7JI:G ` AT>CHI6CI OF 6F :I H: I:GB>C:G ` AT>CHI6CI OF 6F F

^ 8:I >CHI6CI 8DBB:C8: A: H:GK>8: 9J 8A>:CI HJ>K6CI H> 8:AJ> 8> :HI 9f?` 6GG>Kf 8: FJ> HTf8G>I OF 6F .$7OF OF 6F F %6 K6G>67A: 6Af6ID>G: 9:H I:BEH 9T6II:CI: KfG>R: E6G 8DCHfFJ:CI ATfFJ6I>DC 9: Gf8JGG:C8: 6 < DC HJEEDH: FJ: A: H:GK:JG >BEDH: 6J 8A>:CI JC I:BEH 9T6II:CI: If P :HI 9fRC>: E6G P .$7P (C CDI: F F F 2 :I 2F F :I *F A6 IG>7J :C67A:H F :I F DBB: A:H K6G>67A:H 6Af6ID>G:H 9:H >CI:G6G G>Kf:H G:HE 9:H I:BEH 9: H:GK>8: HDCI >C9fE:C96CI:H :I 9: BgB: AD> F 6F HDCI 9:H K6G>67A:H >C9fE:C96CI:H :I E6G 8DCHfFJ:CI 6F 6F F 6 A6 EGDEG>fIf 9: &6G@DK %:H BDN:CC:H :I HDCI HJEEDHf:H RC>:H (C 9fRC>I A6 +0):/- ,= ;-:>-=: E6G A: CDB7G:

(4O;>N91 ,> A:H I:BEH 9T6II:CI: 6F 9:H 8A>:CIH ;DGB:CI JC: 8=6iC: 9: &6G@DK :GFJ: FJ> 8DCK:G K:GH JC: JC>FJ: K6G>67A: 6 6EE:Af: A: I:BEH 9T6II:CI: HI6I>DCC6>G: 9: A6 RA: 9T6II:CI: I:A FJ: 8:II: K6G>67A: 6 6 BgB: AD> FJ: 6 6K:8 6 :I >C9fE:C96CIH : EAJH 6 :I 6 6 BgB: AD> FJ: A: B6M>BJB 9: A6 B6G8=: 6Af6ID>G: 2F DGA 6F 3512C C

,> A:H I:BEH 9T6II:CI: 6F 9:H 8A>:CIH ;DGB:CI JC: 8=6iC: 9: &6G@DK IG6CH>:CI: :I -+. 6F F I %>1AB1 )J>HFJ: F 6 BgB: AD> FJ: F 6F FJ> :HI fA:H 9T6II:CI:

6 BgB: AD> FJ: 5F

.$7 F 2F 6 .$7,F 2F 6

6K:8 ,F 351 2C )6G A6 AD> 9:H I: 2F I:C9 K:GH CF

DC8 5F I:C9 K:GH 351 2F ,> 6 6 BgB: AD> FJ: 351 2F :I H> 7 F

F

:HI JC: K6G>67A: 6Af6ID>G: >C9fE:C96CI: :I 9: BgB: AD> FJ: A:H F DC 6 351 2F .$7 351 2F 3514F F

F

F

6K:8 4 :I 4F 2F H> I %:H EGD8:HHJH 2F :I 4F DCI BgB: AD> DC8 351 4F 351 2F 6 BgB: AD> FJ: 351 2F F

F

F

%DGHFJ: 8DBB: 6F 2F A6 AD> 9:H CRC> :I E6G 8DCHfFJ:CI 6F I:C9 K:GH 4->31 01 8- G81 0I-@@1:@1 (C 6EE:AA: 8=6G G:EGfH:CI: A6 HDBB: 9:H I:BEH 9:H H:GK>8:H FJ> G:HI:CI ` :[:8IJ:G E6G A: H:GK:JG ` AT>CHI6CI O : I:BEH :HI fI A6 RA: ` H: K>9:G HT>A CTN 6K6>I EAJH 9T6GG>Kf:H 9: CDJK:6JM 8A>:CIH

%6 8=6GKf: 9TJC 8A>:CI :HI :M68I:B:CI A: I:BEH 9T6II:CI: 9: 8: 8A>:CI (C 9fBDCIG: A6 .7:5=4- ,- ")3I+; FJ> G:A>: A6 IG6CH;DGBf: 9: %6EA68: EDJG JC: 9>H8>EA>C: "( 9: A6 8=6GA>7G: 5 6JM I:BEH 9T6II:CI: HI6I>DCC6>G: 6 9TJC 8A>:CI :I 9: HDC I:BEH 9: H:GK>8: @P3 @P4

@P S

#;9.>1 01 /851:@? ,> A: CDB7G: 7 9: 8A>:CIH ` AT6GG>Kf: 9TJC 8A>:CI 96CH A6 RA: 9T6II:CI: ` ATfFJ>A>7G: :HI 7 F 6 OC C :[:I HD>I 7F A: CDB7G: 9: 8A>:CIH 96CH A6 RA: 9T6II:CI: ` AT6GG>Kf: 9J I >eB: 8A>:CI ,> A: I >eB: 8A>:CI IGDJK: 6J BD>CH F 8A>:CIH 96CH A6 RA: A: 8A>:CI 6GG>Kf ` AT>CHI6CI OFC :HI IDJ?DJGH 96CH A6 RA: 7F F

OFC 6FC FC OF 6FC FC FC FC

F 6 C 6 OC 6 OC 6 OC

>A:

&

%DGHFJ: I I:C9 K:GH AT>CRC> 7F 8DCK:G :I :C CDI6CI 7 A6 AD> 6HNBE IDI>FJ: 9: 7F DC D7I>:CI A6 ;DGBJA: 8=:G8=f: %: EGD8:HHJH 7L G:EGfH:CI: A: CDB7G: IDI6A 9: 8A>:CIH 96CH A: HNHIeB: :C IG6>C 9T6II:C9G: DJ 9: H: ;6>G: H:GK>G 6J I:BEH O

>A:

&

6CH 8:II: H:8I>DC A6 AD> 9:H I:BEH 9: H:GK>8: :HI JC: AD> :MEDC:CI>:AA: 9: E6G6BeIG: %6 AD> 9:H I:BEH 9T6II:CI: HI6I>DCC6>G: :HI 9DCCf: E6G A: GfHJAI6I HJ>K6CI FJ> BDCIG: FJT:C GfB: HDJH 8G>I>FJ: A:H I:BEH 9T6II:CI: 8DC9>I>DCC:AA:B:CI ` 8: FJT>AH HD>:CI CDC CJAH HJ>K:CI JC: AD> :MEDC:CI>:AA: ,> DC 6II:C9 A6 AD> 9T6II:CI: :HI 9DC8 H6CH BfBD>G:

(4O;>N91 ,> A6 AD> 9:H I:BEH 9T6II:CI: 6 9TJC 8A>:CI 9: A6 RA: &, :HI A: 76GN8:CIG: 9TJC: B:HJG: 9: >G68 :I 9TJC: AD> :MEDC:CI>:AA: 6 ?S

S @P ?S

Dn :HI ATJC>FJ: HDAJI>DC 96CH AT>CI:GK6AA: # " 9: ATfFJ6I>DC

@ %>1AB1 9B:IIDCH FJ: ATDC EJ>HH: 8=:G8=:G A6 AD> 9: 6 HDJH A6 ;DGB: 9TJC 76GN8:CIG: 9TJC: B:HJG: 9: >G68 :I 9TJC: AD> :MEDC:CI>:AA: %6 ;DC8I>DC 9: GfE6GI>I>DC :HI 9: A6 ;DGB: 6 S >@P Dn > :I HDCI 9:H 8DCHI6CI:H EDH>I>K:H ` EGf8>H:G %6 K6G>67A: 6Af6ID>G: 6 6 BgB: AD> FJ: 6 DBB: 6 S

6 S

6 S S S >@P $P% S

(G

S S @ P @

:I :C CDI6CI ? A6 AD> 9: A6 K6G>67A: 6Af6ID>G: DC 6 5 5 @ $P% @RQ $PRQ % @ R ?U? T 5

@ P Q @Q ? T

@ @ P @

>A:H 9T6II:CI:

(C :C 9f9J>I FJ: 6 S

@P @ > @ P @

@ P @

>

,> KfG>R: ATfFJ6I>DC @ DC 6 6ADGH

>

6 S 6 S

%T:M>HI:C8: 9TJC: HDAJI>DC 9: ATfFJ6I>DC

@

@P FJ> KfG>R: GfHJAI: 9: A6 8DCH>9fG6I>DC 9: A6 ;DC8I>DC A S P A A :II: ;DC8I>DC :HI 8DCI>CJ: HJG AT>CI:GK6AA: " " :I I:C9 K:GH AT>CRC> 6J KD>H>C6A :M>HI: JC CDB7G: # " I:A FJ: A

(4O;>N91 ,> 6K:8 A:H BgB:H CDI6I>DCH FJ: 96CH A: I=fDGeB: EGf8f9:CI A6 AD> 9: A6 8=6GDCC6>G: 5 9: A6 RA: &, :HI 9DCCf: E6G 5 ?S S @P ?S %: CDB7G: 7 9J CDB7G: 9: 8A>:CIH HI6I>DCC6>G: HJ>I JC: AD> FJ: 9: E6G6BeIG: %>1AB1 T6EGeH A6 ;DGBJA: 9: -6@`8H :I A: I=fDGeB: EGf8f9:CI DC 6 A6 AD> 9: 5 )DJG A6 AD> 9: 0 DC JI>A>H: 7 I

6 OF 6 @L% @ F

F

>A: & 6CH 8: BD9eA: A6 AD> 9:H >CI:G6GG>Kf:H :HI JC: AD> :MEDC:CI>:AA: 9: E6G6 BeIG: %:H I:BEH 9: H:GK>8: HDCI >C9fE:C96CIH :I 9T:HEfG6C8:

(C EDH: ,D>I 7F A: CDB7G: 9: 8A>:CIH 96CH A: HNHIeB: 96CH A6 RA: 9T6II:CI: DJ :C IG6>C 9: H: ;6>G: H:GK>G FJ: A6>HH: A: 8A>:CI I FJ6C9 >A

>A: &

HDGI (C CDI: 7O A: CDB7G: IDI6A 9: 8A>:CIH 96CH A: HNHIeB: ` AT>CHI6CI O DC 8=D>H>I 7O 8DCI>CJ ` 9GD>I: 6CH 8:H 8DC9>I>DCH 7 F 7F %: EGD8:HHJH 7O CT:HI E6H B6G@DK>:C &6>H 7F :HI JC: 8=6iC: 9: &6G@DK

)AJH EGf8>HfB:CI DC 6 A: GfHJAI6I HJ>K6CI

(4O;>N91 %: CDB7G: 9: 8A>:CIH 7F :HI JC: 8=6iC: 9: &6G@DK KfG>R6CI 7F 7F F Dn A:H K6G>67A:H 6Af6ID>G:H F HDCI >C9fE:C96CI:H :I 9: BgB: AD> :II: 8=6iC: :HI Gf8JGG:CI: EDH>I>K: H> :I IG6CH>ID>G: H>

%>1AB1 %: EGD8:HHJH -L

3

L OF

F

:HI >C9fE:C96CI 9:H I:BEH 9: H:GK>8: F T:HI JC EGD8:HHJH 9: )D>HHDC G:A6I>K:B:CI ` A6 IG>7J *L -K N O F ,> 7F A: 8A>:CI I 8DBB:C8: ` gIG: H:GK> ` F :I HDC I:BEH 9: H:GK>8: 9JG: F "A HDGI 9DC8 9: A6 RA: ` AT>CHI6CI F F %: CDB7G: 9: 8A>:CIH 6GG>KfH :CIG: A:H >CHI6CIH F :I F F :HI - % % - % )6G 8DCHfFJ:CI 7F 7F - % % - % ,> 7F A: EGD8=6>C 8A>:CI 6GG>K: ` AT>CHI6CI OF "A HDGI 9: A6 RA: ` AT>CHI6CI OF F %: CDB7G: 9: 8A>:CIH 6GG>KfH :CIG: A:H >CHI6CIH OF :I OF F :HI -L% % -L% )6G 8DCHfFJ:CI 7F 7F -L% % -L% %6 K6G>67A: 6Af6ID>G: 3F OF 5% F 5% :HI JC *L I:BEH 9T6GGgI %:H K6G>67A:H F -1% % -1% HDCI >C9f E:C96CI:H :I 7F SF F :HI >C9fE:C96CI: 9:H K6G>67A:H F :I 9: BgB: AD> FJ: - E6G A6 EGDEG>fIf ;DGI: 9: &6G@DK 9J EGD8:HHJH 9: )D>HHDC )DHDCH C7F F 7F F %6 8=6iC: :HI B6G@DK>:CC: 86G H> / D E CD E DC 6 7F

SF @ 7 S 7F SF / CSF F SF SF SF

>A:H 9T6II:CI:

(G EDJG IDJI :CI>:G C6IJG:A I

5

KF - I :I

@ L

OF ?O I

/ D E KBA

%6 B6IG>8: 9: IG6CH>I>DC :HI 9DC8 9: A6 K K ' K K / ' % K

;DGB: K K K K

( ( &

%6 8=6iC: 7F :HI 9DC8 >GGf9J8I>7A: EJ>HFJ: 8DC9J>I ` IDJI ED>CI / I KF "CK:GH:B:CI IDJI ED>CI BeC: ` EJ>HFJ: / I I K

,JEEDHDCH DC 6 7F

7F F

7F F F 3 7 C

C

(G

5 - -L ?O 5 O?O

(C 9f9J>I 9: A6 AD> 9:H I>DC / :HI Gf8JGG:CI: ADGHFJ: DC 6EEA>FJ: A: 8G>IeG: 9: DHI:G FJ> 9>I FJ: HT>A :M>HI: JC: ;DC8I>DC 5 $ I:AA: FJ: -+. 5 D ADGHFJ: D 9: AT:HE68: 9:H fI6IH $ I:C9 K:GH AT>CRC> :I I:AA: FJ: / 5 D 5 D EDJG IDJI fI6I D H6J; E:JI gIG: EDJG JC: E6GI>: RC>: 9: $ 6ADGH A6 8=6iC: :HI Gf8JGG:CI: C EG:C6CI A6 ;DC8I>DC 5 D D DC 6 / 5 D

D D

D 5 D

(4O;>N91 ,> A6 IG6CH;DGBf: 9: %6EA68: 9J I:BEH 9T6II:CI: :C GfB: HI6I>DCC6>G: 6 :HI 9DCCf: E6G A6 .7:5=4- ,- 744)+-3016A: &

C GfB: HI6I>DCC6>G: A6 8=6G FJ: 6

%>1AB1 ,> :HI JC: K6G>67A: 6Af6ID>G: 9: 9:CH>If :MEDC:CI>:AA: 9: E6G6 BeIG: 6ADGH EDJG IDJI S P Gf:AH EDH>I>;H DC 6

@PM

@PM S@ M S

(G 6 :I 6 DCI BgB: AD> 9DC8 @P4

@P4 S@ 4 S

HD>I :C EDH6CI S @P4 SS @P S S@ @ 4 :II: fFJ6I>DC BDCIG: FJ: H> I:C9 K:GH DC 6 @ @ 4 9TDn DC 9f9J>I A6 ;DGBJA: S

S @P

;>;88-5>1 ,> A6 8=6iC: 9: &6G@DK 7F 6 JC: EGD767>A>If >CK6G>6CI: I:AA: FJ: :I 9DCI A6 ;DC8I>DC 8: :HI 9DCCf: E6G :N

3

F NF

F

K:NN N K:N

Dn K:N :HI A6 ;DC8I>DC 8: 9:H KF %6 I6>AA: BDN:CC: ` ATfFJ>A>7G: :HI 3 I F F %DGHFJ: 6 :HI 6EEGDM>B6I>K:B:CI JC: AD> :MEDC:CI>:AA: 9: E6G6BeIG: %>1AB1 )DJG N A6 ;DC8I>DC 8: 9: A6 EGD767>A>If 9: IG6CH> I>DC HT:MEG>B: 9T6EGeH A6 B6IG>8: 86A8JAf: 96CH A6 9fBDCHIG6I>DC EGf8f9:CI: E6G C / F KC KC KC C K %6 ;DC8I>DC 8: :N HT:MEG>B: :C ;DC8I>DC 9: K:N E6G :N

3 C

C

C N

3 C

C 3 3 C KC N D KCD C

D

>A:H 9T6II:CI:

HD>I :C8DG: C

:N

33 D ND NCD KCD N

K:N

N : K:N : KN N

C D

(C :C 9f9J>I AT:MEG:HH>DC 9: A6 ;DC8I>DC 8: 8=:G8=f: :N

K:NN N K:N

C E6GI>8JA>:G EDJG N DC 6 : -+.

K

: AT:MEG:HH>DC K:

3

K:NN N K:N

FKC

C

:I 9: A6 G:A6I>DC -+.

K

N K:N K:N -+. K N N

DC :C 9f9J>I FJ: : 9TDn =:G8=DCH A6 I6>AA: BDN:CC: ` ATfFJ>A>7G: : A6 G:A6I>DC 5 @P @PL A O?O S Dn A :HI A6 9:CH>If 9: EGD767>A>If A O

O

DC 9f9J>I FJ: 6 @ 6 C JI>A>H6CI A:H K6A:JGH

4 " 6

C @

# F

C

DC 86A8JA: A6 ;DC8I>DC 8: :N

3

C NC @ K 4

C

>A: &&H

(C :C 9f9J>I :C E6GI>8JA>:G A6 I6>AA: BDN:CC: ` ATfFJ>A>7G: 3

FNC 6

C

,> 6ADGH I:C9 :C 8GD>HH6CI K:GH :I DC 6 @P 4 S

5 S

OA O?O

%6 AD> 9: 6 I:C9 9DC8 K:GH JC: AD> :MEDC:CI>:AA: 9T:HEfG6C8:

>A: &&H 6CH 8: BD9eA: A:H >CI:G6GG>Kf:H HDCI 9:H K6G>67A:H 6Af6ID>G:H :MEDC:C I>:AA:H 9: E6G6BeIG: :I A:H I:BEH 9: H:GK>8: HDCI 9:H K6G>67A:H 6Af6ID>G:H :MEDC:CI>:AA:H 9: E6G6BeIG: (C EDH: %:H 8A>:CIH 6GG>K:CI :I H: ;DCI H:GK>G E6G N H:GK:JGH (C HJEEDH: FJ: 8=6FJ: H:GK:JG C: H:GI FJTJC 8A>:CI ` A6 ;D>H eH FJTJC <J>8=:I H: A>7eG: >A H:GI >BBf9>6I:B:CI JC CDJ K:6J 8A>:CI (C CDI: 7O A: CDB7G: IDI6A 9: 8A>:CIH 96CH A: HNHIeB: ` AT>CHI6CI O (C 69B:IIG6 A: GfHJAI6I HJ>K6CI

(4O;>N91 %: EGD8:HHJH 7O :HI JC EGD8:HHJH B6G@DK>:C ` K6A:JGH 96CH 9: I I H H> @I H@ (4O;>N91 %: EGD8:HHJH 7O :HI Gf8JGG:CI EDH>I>; H> :I H:JA:B:CI H> N %6 EGD767>A>If >CK6G>6CI: KfG>R: F

F H> I N I

:I

K FK H> I N N N 6CH A: 86H Dn N A: EGD8:HHJH :HI Gf8JGG:CI EDH>I>; H> :I H:JA:B:CI H> %6 EGD767>A>If >CK6G>6CI: :HI 9DCCf: E6G F

F F

>A:H 9T6II:CI:

;>;88-5>1 C GfB: HI6I>DCC6>G: A6 EGD767>A>If FJ: IDJH A:H H:G K:JGH HD>:CI D88JEfH :HI 9DCCf: E6G A6 .7:5=4- ,E:4)6/

K NN

,> - :HI A6 K6G>67A: 6Af6ID>G: FJ> 9DCC: A: CDB7G: 9: H:GK:JGH D88JEfH 6ADGH - :I AT:HEfG6C8: 9: A6 I6>AA: 9J HNHIeB: :HI 7L

K N N

%DGHFJ: N :HI KD>H>C 9: N P 6K:8 P I:C96CI K:GH A6 I6>AA: BDN:CC: 9J HNHIeB: :HI 9: ATDG9G: 9: P 8T:HI ` 9>G: 7L P %>1AB1 (C 86A8JA: A6 EGD767>A>If FJ: IDJH A:H H:GK:JGH HD>:CI D88JEfH

7L N 3

3

C

CK

CK

K CK K N N NN

)DJG A: CDB7G: 9: H:GK:JGH DC 6 -

K 3 F K 3

I 7L I N 7L N 3 F K FK I FK N N

F

K F 3

F 3

I

3

FK

K FK N N

F

F

%T:HEfG6C8: 9: A6 I6>AA: 9J HNHIeB: :HI 7L

3

I 7L I

F

3 FK

I N 7L I

>A: &&H

DBB: 3

I N 7L I

FK K 3 I N N FK N

K 3 E H N N E N

K N N

FK

DC :C 9f9J>I AT:MEG:HH>DC 8=:G8=f: : EAJH ADGHFJ: N P 6K:8 P I:C96CI K:GH DC 6

3 K FK I FK N N F K 3 F K 3 FK P I

N FK F K N N P N

P NK K 3 F

TDn AT:MEG:HH>DC 6EEGD8=f: 9: AT:HEfG6C8: 7L

N

NK P K

N N P N P

(4O;>N91 ,> N A6 AD> HI6I>DCC6>G: 9J I:BEH 9T6II:CI: :HI /4 H Dn

K NN

:I H :HI A6 AD> :MEDC:CI>:AA: 9: E6G6BeIG: N N ,> 4 :HI A: I:BEH IDI6A E:C96CI A:FJ:A A: 8A>:CI G:HI: 96CH A: HNHIeB: :I 7 A6 I6>AA: 9J HNHIeB: 6ADGH DC 6 A6 .7:5=4- ,- 11AB1 %: 86A8JA 9: A6 EGD767>A>If 6 O

3

7L I N 6 O @ 7L N I

F 3

5 N F F KP K F S @ ?S I

L F 5 K KP 3 F N F SF ?S @ N L N I

F 5 K N @ KP @ P ?S N

L K @L K N N N

BDCIG: FJ: 6

K NN

%6 AD> 8DC9>I>DCC:AA: 6 EDJG :MEG:HH>DC 6 O @ 6 @L K K ,> 4 :HI A: I:BEH 9: Hf?DJG 9TJC 8A>:CI 96CH A: HNHIeB: DC 6 4

6

6 @ 6 6

K

N NN

9TDn DC 9f9J>I A6 ;DGBJA: 9: %>IIA:

-? 0IA:1 G81 " " ,> A: CDB7G: 9: H:GK:JGH :HI >CRC> A: R: I I H> I F I I I H> I I H H> @I H@ %: EGD8:HHJH 7L :HI Gf8JGG:CI EDH>I>; :I H6 EGD767>A>If >CK6G>6CI: :HI 9DCCf: E6G F F @ I

-? 0IA:1 G81 " " 7 ,> A6 I6>AA: 9: A6 RA: 9T6II:CI: :HI A>B>If: ` 3 8A>:CIH AT:HE68: 9:H fI6IH :HI Gf9J>I ` $ 8:H

A: R: I I H> I F I I H> I %: EGD8:HHJH 7L :HI Gf8JGG:CI EDH>I>; :I H6 EGD767>A>If >CK6G>6CI: :HI 9DCCf: E6G F "F 6K:8 " C

H> :I " F H>

-? 0IA:1 G81 " " ?

%DGHFJ: A6 H6AA: 9T6II:CI: :HI >C:M>HI6CI: A:H 8A>:CIH HDCI G:?:IfH 9eH FJ: IDJH A:H H:GK:JGH HDCI D88JEfH %T:HE68: 9:H fI6IH :HI A>B>If ` $ I N H> I N

%: EGD8:HHJH 7L :HI Gf8JGG:CI EDH>I>; :I H6 EGD767>A>If >CK6G>6CI: :HI 9DCCf: E6G F " F I

%6 EGD767>A>If 9: G:?:I:G JC CDJK:6J 8A>:CI :HI 6EE:Af: A6 8:-51K:.7:5=4- ,E:4)6/ :I :HI 9DCCf: E6G

K N K NN

M:G8>8:H D1>/5/1 (C 8DCH>9eG: JC: RA: 9T6II:CI: ,, 96CH A6FJ:AA: A:H >CI:G 6GG>Kf:H HDCI 9:H K6G>67A:H 6Af6ID>G:H :MEDC:CI>:AA:H 9: E6G6BeIG: :I A:H I:BEH 9: H:GK>8: HDCI 9:H K6G>67A:H 6Af6ID>G:H :MEDC:CI>:AA:H 9: E6G6BeIG:

(C EDH: :I DC HJEEDH: FJ: A: CDB7G: 7 9: E:GHDCC:H 96CH A6 FJ:J: HJ>I A6 9>HIG>7JI>DC HI6I>DCC6>G: F F (C CDI: 6 A: I:BEH 9T6II:CI: 9TJC 8A>:CI 6A8JA:G A6 ;DC8I>DC 86G68 IfG>HI>FJ: 9: 6 6A8JA:G A6 9>HIG>7JI>DC 9: 6 6 O @L EDJG IDJI O D1>/5/1 (C 8DCH>9eG: JC: RA: 9T6II:CI: ,, 96CH A6FJ:AA: A:H >CI:G 6GG>Kf:H HDCI 9:H K6G>67A:H 6Af6ID>G:H :MEDC:CI>:AA:H 9: E6G6BeIG: :I A:H

>A:H 9T6II:CI:

I:BEH 9: H:GK>8: HDCI 9:H K6G>67A:H 6Af6ID>G:H :MEDC:CI>:AA:H 9: E6G6BeIG:

(C EDH: ,D>I 0 A6 K6G>67A: 9: A6 9>HIG>7JI>DC 9TfFJ>A>7G: BDCIG:G FJ: 0 I:C9 K:GH JC: AD> 9T:MEDC:CI>:AA: 9: E6G6BeIG: ADGHFJ: I:C9 K:GH

D1>/5/1 (C 8DCH>9eG: JC: RA: 9T6II:CI: ,, 96CH A6FJ:AA: A:H >CI:G 6GG>Kf:H HDCI 9:H K6G>67A:H 6Af6ID>G:H :MEDC:CI>:AA:H 9: E6G6BeIG: :I A:H I:BEH 9: H:GK>8: HDCI 9:H K6G>67A:H 6Af6ID>G:H :MEDC:CI>:AA:H 9: E6G6BeIG:

(C HJEEDH: FJ: A:H 8A>:CIH FJ> 6GG>K:CI G:E6GI:CI 8=:O :JM HT>AH KD>:CI - 8A>:CIH 96CH A6 RA: 6A8JA:G A6 9>HIG>7JI>DC 9TfFJ>A>7G:

D1>/5/1 (C H: EGDEDH: 9: 9fBDCIG:G A6 ;DGBJA: 9: )DAA68:@ $=>CI8=>C:

(C 8DCH>9eG: JC: RA: 9T6II:CI: ,& :I DC CDI: 6L A: I:BEH 9T6II:CI: 9TJC 8A>:CI (C HJEEDH: FJ: A:H >CI:G6GG>Kf:H HDCI 9:H K6G>67A:H 6Af6ID>G:H :M EDC:CI>:AA:H 9: E6G6BeIG: &DCIG:G FJ: A6 ;DC8I>DC 9: GfE6GI>I>DC % S O 6L S KfG>R: ATfFJ6I>DC 9>[fG:CI>:AA: L % P % % 6L 2 S Dn 2 :HI A: I:BEH 9: H:GK>8: FJ: (C HJEEDH: FJ: ADGHFJ: O I:C9 K:GH AT>CRC> A6 ;DC8I>DC % S O I:C9 K:GH JC: ;DC8I>DC 'S >C9fE:C96CI: 9: O C EG:C6CI A6 IG6CH;DGBf: 9: %6EA68: 86A8JA:G A6 K6A:JG 9: ' C 9f9J>G: A6 ;DGBJA: 9: )DAA68:@ $=>CI8=>C: @P4

S S @P0

D1>/5/1 (C 8DCH>9eG: JC: RA: 9T6II:CI: 96CH A6FJ:AA: A:H 8A>:CIH 6GG>K:CI H:ADC JC EGD8:HHJH 9: )D>HHDC -L 9T>CI:CH>If "AH HDCI H:GK>H H:ADC A:JG DG9G: 9T6GG>Kf: %: H:GK>8: Cf8:HH>I: JC I:BEH JC>If ,D>I 7L A: CDB7G: 9: 8A>:CIH ` AT>CHI6CI O _8G>G: A6 G:A6I>DC A>6CI 7L :I 7L 6A8JA:G A6 ;DC8I>DC 8: &N 9: 7L C 9f9J>G: A6 ADC<J:JG BDN:CC: 9: A6 FJ:J: ` ATfI6I HI6I>DCC6>G: ,> 6 :HI A: I:BEH 9T6II:CI: 9TJC CDJK:6J 8A>:CI 6EGeH fFJ>A>7G: 9: A6 FJ:J: :C 9f9J>G: FJ: 6

&DJK:B:CI 7GDLC>:C

T:HI A: 7DI6C>HI: +D7:GI GDLC FJ> 9DCC6 HDC CDB 6J BDJK:B:CI 7GDL C>:C :C D7H:GK6CI K:GH A:H BDJK:B:CIH :GG6I>FJ:H 9: E6GI>8JA:H 9: EDAA:C :C HJHE:CH>DC 96CH JC A>FJ>9: *J:AFJ:H 6CCf:H EAJH I6G9 :C A7:GI >CHI:>C B>I :C fK>9:C8: A:H fIG6CDCH FJ: A: EGD8:HHJH :C IG:I:C6>I 6K:8 ATfFJ6I>DC 9: A6 8=6A:JG /:GH #:6C ):GG>C :CIG:EG>I HDC fIJ9: :MEfG>B:CI6A: :I )6JA %6CC EDH6 A6 EG:B>eG: fFJ6I>DC &6>H >A ;6J9G6 6II:C9G: :I A:H IG6K6JM 9: 'DG7:GI 0>:C:G EDJG FJ: A: BDJ K:B:CI 7GDLC>:C 6>I KfG>I67A:B:CI JC H:CH B6I=fB6I>FJ: 8DBB: BD9eA: 9TJC 7GJ>I 7A6C8 ^ E6GI>G 9:H 6CCf:H $>NDH=> "Il ATJI>A>H6 EDJG 9fRC>G AT>CIf EDGI: HDC CDB :I ?:I6 A:H 76H:H 9J 86A8JA HID8=6HI>FJ:

fRC>I>DC :I 8DCHIGJ8I>DC .C EGD8:HHJH HID8=6HI>FJ: !L :HI JC 57=>-5-6< *:7?61-6 DJ JC 8:7+-; ;=; ,- %1-6-: HI6C96G9 H> ! DC 9>I FJ: !L :HI >HHJ 9: :I H> EDJG IDJH Gf:AH O O OF A:H K6G>67A:H 6Af6ID>G:H !L !L !L% !L% HDCI >C9fE:C96CI:H :I HJ>K:CI JC: 9>HIG>7JI>DC :CC: 8:CIGf: Gf 9J>I: DC 9>I FJ: A: 7GDLC>:C :HI HI6C96G9 H> H :I I:AA: FJ:

!L @ !L !L @ !L C

fRC>I>DC :I 8DCHIGJ8I>DC

6CH A: 86H :C CT:HI E6H 8:CIGf Gf9J>I DC 6 !L" !L" HOC OC !L" !L" HOC OC OC OC %: K:8I:JG !L !L !L% :HI JC K:8I:JG :C %: EGD8:HHJH !L HJ>I JC: AD> :CC: 9: BDN:CC: HO :I 9: K6G>6C8: O )DJG H>BJA:G JC BDJK:B:CI 7GDLC>:C >A HJZI 9: H: 9DCC:G JC E6H 9: I:BEH C :I 9Tf8G>G: !F@ !@ ! ! @ !@ !F@ !F @ %:H 688GD>HH:B:CIH 7F !F@ !F @ fI6CI >C9fE:C96CIH :I :CH >A HJZI 9DC8 9: H>BJA:G JC: AD> :CC: 7F :I 9TJI>A>H:G A6 ;DGBJA: 9: Gf8JGG:C8: !F@ !F @ 7F DCH>9fGDCH JC: HJ>I: 9: K6G>67A:H 6Af6ID>G:H >C9fE:C96CI:H 7A 8:CIGf:H 9: K6G>6C8: :I A6 B6G8=: 6Af6ID>G: 2F 7 7F (C 9fRC>I JC: HJ>I: 9: K6G>67A:H 8F 8DBB: JC: A>FJ:H FF DC KD>I FJ: A:H EG:B>eG:H K6A:JGH HDCI ! ! 7 ! ! 7 :I8 (C BDCIG: E6G Gf8JGG:C8: FJ: F F F F ! ! F 7FC ! F F F F "

)DJG 9fBDCIG:G FJ: A: 7GDLC>:C :HI 8DCI>CJ >A HJZI 9: BDCIG:G FJ: A6 HfG>: !L 8DCK:G;DGBfB:CI HJG IDJI 8DBE68I H6J; E:JI gIG: EDJG JC :CH:B7A: CfG: HJG IDJI >CI:GK6AA: " 3 # EDJG IDJI 3 EJ>HFJ: A:H I:GB:H 9: A6 HfG>: FJ> 9fRC>HH:CI !L HDCI 8DCI>CJH 8: FJTDC Gf6A>H: :C B6?DG6CI IDJH A:H I:GB:H 9: A6 HfG>:

+f<JA6G>If 9:H IG6?:8ID>G:H %: BDJK:B:CI 7GDLC>:C 6 9: CDB7G:JH:H EGDEG>fIfH 9DCI 8:GI6>C:H E:JK:CI gIG: EG>H:H 8DBB: 9fRC>I>DC

%>;HH:B:CIH >C9fE:C 96CIH 9: ;DC8I>DC 9: 8DGGfA6I>DC *N O !K !L .+/N O %>1AB1 %: BDJK:B:CI 7GDLC>:C :HI JC EGD8:HHJH 8:CIGf %:H 688GD>HH: B:CIH fI6CI >C9fE:C96CIH DC 6 EDJG N O !K !L

!K !L !K !K !K !L !K 5 <M!K N N 9 O

%>;If 9: ! !L !L !L% !L% :HI 9DCCf: E6G F 4 SB ? '71 A S SF OB OB OB OB B

+f<JA6G>If 9:H IG6?:8ID>G:H

%>;If 9: !L !L% :HI A S SF

F 4

?

B

F 3 SB SB '71 OB OB OB OB B

%>;:C HI6C96G9 H :I EDJG IDJI I AT:HEfG6C8: 5 S F @P @ ?S I CF !L @ !L F C C C E6GI>8JA>:G

!L @ !L C

:I

!L @ !L C

)G:HFJ: IDJI:H A:H Gf6A>H6I>DCH 9J BDJK:B:CI 7GDLC>:C HDCI 8DCI>CJ:H 6E EA>FJ:G A: I=fDGeB: 9: $DABD K :I M CJAA: E6GI 9>[fG:CI>67A:H :I DCI 9:H K6G>6I>DCH CDC 7DGCf:H 96CH 8=6FJ: >CI:GK6AA: RC>

!L @ !L 1 C C :II: AD> 9>K:G[fG:CI>67A:

%>;I !L :HI JC BDJK:B:CI 7GDLC>:C Gf:A >HHJ 9: (C 6 EG:HFJ: HoG:B:CI !L -+. C O !L -+. C L O

L

:I -+.

L

!L -+. C L O !L -+. C L O !L O

%>1AB1 DBB: EDJG IDJI N !L !LK !L C 4 -+. C -+. L O L O 8:II: A>B>I: :HI >C9fE:C96CI: 9: A6 IG>7J !M P N :I 9DC8 9: !M P :I E6G 8DCHfFJ:CI 9T:AA: BgB: (C 6 HD>I 4 HD>I 4 B>I: HJE HD>I 6II:>CI: :C < )DJG IDJI = H +*L = ! DC8 < C: E:JI gIG: FJT>CRC> )DJG A6 A>B>I: >C;fG>:JG: >A HJZI 9: 8DCH>9fG:G

&DJK:B:CI 7GDLC>:C

!L )DJG A:H A>B>I:H 6J KD>H>C69fG:G6 A: EGD8:HHJH 7L O! L )DJG fI67A>G A6 9:GC>eG: ;DGBJA: DC EDH: N O :I DC 8DCH>9eG: A: BDJK:B:CI 7GDLC>:C 7L O! L (C 6 !L O N! K 7K E H

EJ>HFJ: 7L :HI JC 7GDLC>:C >HHJ 9: OfGD

;>>;8-5>1 %: BDJK:B:CI 7GDLC>:C E6HH: :C IDJI ED>CI JC: >CRC>If 9: ;D>H

:H GfHJAI6IH HDCI 9:H 86H E6GI>8JA>:GH 9: AD> 9J ADI=B: >IfGf 9: )6JA %fKN

%>; !L :HI JC BDJK:B:CI 7GDLC>:C >HHJ 9: A:H A>B>I:H :C JC ED>CI KfG>R:CI A6 AD> 9J ADI=B: >IfGf -+. ?

L

-+. ?

L

!L O -0) -0)O !L O -0) -0)O

-+. ?

!L

O -0) -0)O !L -+. ? L O -0) -0)O L

%>;I O O OF OF O JC: HJ79>K>H>DC 9: AT>CI:GK6AA: " O# 9DCI A: E6H I:C9 K:GH A6 K6G>6I>DC FJ69G6I>FJ: 8DCK:GDC 9: HDJH HJ>I: K:GH O 5F

F 3

*

!L" !L" O

C

%>1AB1 %: 86A8JA 9: A6 CDGB: 9DCC: F 3

A5F OA* !L" !L" OC OC C

F 3

!L" !L" OC OC

C

6K:8

3

7A 7B

AB

7A !L !L OA OA

%: EGD9J>I 9:H I:GB:H 8GD>HfH :HI CJA 86G DC 6 EDJG D E 7A 7B 7A 7B @ *L! 7A 7B @ *L! :I EJ>HFJ: !L !L :HI *L! B:HJG67A: "A G:HI: 9DC8 A5F

OA*

F 3 !L" !L" OC OC C

&6GI>C:AA:H

&6>H A:H 688GD>HH:B:CIH !L" !L" OC OC DCI BgB: AD> FJ: - Dn - :HI JC: K6G>67A: 6Af6ID>G: 8:CIGf: Gf9J>I: TDn

A5F OA*

F 3

-

OC OC

- O 351OC OC

C

%>; !L :HI JC BDJK:B:CI 7GDLC>:C 6ADGH >A :C :HI 9: BgB: EDJG A:H EGD8:HHJH HJ>K6CIH

7L 9 !9 L EDJG < 8DCHI6CI: CDC CJAA: >CK6G>6C8: E6G 8=6CCK6G>6C8: E6G >CK:GH>DC 9: I:BEH 7L !1 L !1 6K:8 3 :I O " 3 # >CK6G>6C8: E6G G:IDJGC:B:CI 9J I:BEH 7L !L L !L >CK6G>6C8: E6G 6GGgI 9J I:BEH %>1AB1 "A HJZI 9: KfG>R:G FJ: A: EGD8:HHJH :HI :C :I 9: BgB: 8DK6 G>6C8: FJ: !L O 9 N /fG>RDCH (C 6 7K 7L

!9 K !9 L +/(< N < O +/(N O <
C:AA:H ,D>I &L A6 IG>7J :C:C :I 1 A6 ;6B>AA: 9:H :CH:B7A:H 9: B:HJG:H CJAA:H &L !K N O 1 (C CDI: &L A6 IG>7J

&L

7

&K

KL

%>;I !L JC BDJK:B:CI 7GDLC>:C %:H EGD8:HHJH HJ>K6CIH HDCI 9:H B6GI>CCJ:H G:A6I>K:B:CI ` &L 7L !L :I 8L !L O 5 L 9L A N?!K Dn A + DG; K:GH>DC 8DCI>CJ: 9: AT>CIfFJ:

&DJK:B:CI 7GDLC>:C 5 +L '71

L

A N?!K

5

A N?N

L

%>1AB1 ,D>I O :I C ^ O RMf A6 K6G>67A: 6Af6ID>G: !L @ !L :HI JC: :CC: >C9fE:C96CI: 9: !K N O 9DC8 EDJG JC 7GDLC>:C 8:CIGf !L @ !L @ !K N O !L @ !L : BgB: EDJG !L @ !L @ !K N O %6 IG>7J &L :HI >C8AJH: 96CH 1 : !K N O :I E6G 8DCHfFJ:CI !L @ !L @ &L TDn A: GfHJAI6I :C ;6>H6CI I:C9G: K:GH OfGD )DJG A: EGD8:HHJH 8L >A HJZI 9: 86A8JA:G AT:HEfG6C8: 8DC9>I>DCC:AA: (C 6 8L @ 8L @ &L

!L @ O C !L O @ &L !L @ !L !L !L @ !L !L !L @ &L C !L @ !L @ &L !L !L @ !L @ &L C !L @ !L @ &L C ,> A :HI JC: ;DC8I>DC fI6CC A :HI 96CH + >A :M>HI: JC: HJ>I: 9: ;DC8I>DCH AF FJ> 8DCK:GI: 9: B6GI>CB>I: DC KD>I FJ: 9L :HI JC: B6GI>CC:AA:H

D19DC A DC 8DCHIGJ>I JC: >CRC>If 9: B6G I>CC K6CI DC D7I>:CI JC: HJ>I: 9: B6GI>C

Modèles aléatoires et physique probabiliste (French Edition)

Physique et ingénierie des surfaces French

Physique et outils mathematiques : Methodes et exemples

Bioethique : Methode et complexite (French Edition)

Teignes et teigneux: Histoire medicale et sociale (French Edition)

L'Etat Quebecois Et Les Universities: Acteurs Et Enjeux (French Edition)

Régression: Théorie et applications (Statistique et probabilités appliquées) (French Edition)

Physique des plasmas: Cours et applications

Astronomie et Astrophysique French

Zen et Vedanta FRENCH

Physique quantique et representation du monde

Physique et biologie : Une interdisciplinarite complexe

Cours de physique mathematique. Electricite et optique

L'espace physique entre mathématiques et philosophie

Physique des plasmas : Cours et applications

Pathologie hypophysaire et grossesse French

Synthese et catalyse asymetriques French

Trajectoires geodesiques et horocycliques French

Planification, amenagement et loisir, 2nd Edition (Collection Temps libre et culture) (French Edition)

Maurice Blanchot et l'art au XXème siècle (Chiasma) (French Edition)

Booster votre efficacitÃ© avec FreeMind, Freeplane et Xmind (French Edition)

Les Systemes Hamiltoniens Et Leur Integrabilite (French Edition)

Theories et pratiques de la lecture litteraire (French Edition)

Information temporelle, procedures et ordre discursif. (Cahiers Chronos) (French Edition)

Les opinions et les croyances: Genèse - évolution (French Edition)

Drogues au volant: Detection et dissuasion (French Edition)

Travail, affection et pouvoir dans les groupes restreints (French Edition)

Optimisation combinatoire: Theorie et algorithmes (Collection IRIS) (French Edition)

Science, technologie et industrie: Perspectives de l'OCDE 2010 (French Edition)

Physique quantique

L'alcool, moi et les autres (Comprendre, prevenir, traiter) (French Edition)

Modèles aléatoires et physique probabiliste (French Edition)

Physique et ingénierie des surfaces French

Physique et outils mathematiques : Methodes et exemples

Bioethique : Methode et complexite (French Edition)

Teignes et teigneux: Histoire medicale et sociale (French Edition)

L'Etat Quebecois Et Les Universities: Acteurs Et Enjeux (French Edition)

Régression: Théorie et applications (Statistique et probabilités appliquées) (French Edition)

Physique des plasmas: Cours et applications

Astronomie et Astrophysique French

Zen et Vedanta FRENCH

Physique quantique et representation du monde

Physique et biologie : Une interdisciplinarite complexe

Cours de physique mathematique. Electricite et optique

L'espace physique entre mathématiques et philosophie

Physique des plasmas : Cours et applications

Pathologie hypophysaire et grossesse French

Synthese et catalyse asymetriques French

Trajectoires geodesiques et horocycliques French

Planification, amenagement et loisir, 2nd Edition (Collection Temps libre et culture) (French Edition)

Maurice Blanchot et l'art au XXème siècle (Chiasma) (French Edition)

Booster votre efficacitÃ© avec FreeMind, Freeplane et Xmind (French Edition)

Les Systemes Hamiltoniens Et Leur Integrabilite (French Edition)

Theories et pratiques de la lecture litteraire (French Edition)

Information temporelle, procedures et ordre discursif. (Cahiers Chronos) (French Edition)

Les opinions et les croyances: Genèse - évolution (French Edition)

Drogues au volant: Detection et dissuasion (French Edition)

Travail, affection et pouvoir dans les groupes restreints (French Edition)

Optimisation combinatoire: Theorie et algorithmes (Collection IRIS) (French Edition)

Science, technologie et industrie: Perspectives de l'OCDE 2010 (French Edition)

Physique quantique

L'alcool, moi et les autres (Comprendre, prevenir, traiter) (French Edition)

Recommend Documents