
#=<CB7:7HH/@3A>C5<3=A>/HH=:3;3B/::7163<R
>=:D3@7 >C:3<B7 = >@=2=BB7 /0@/A7D7 >3@ >C:7@3 :=
A>=@B3::=23:4=@<=>=716R:/AC>3@47173>=B@3003
@75/@A737:D3B@=>=B@3003@=;>3@A7
<0/A3/:;=23::=274=@<=S>=AA707:3A;=<B/
@3 := A>=@B3::= >3@ 4/17:7B/@<3 :/ >C:7H7/
%@=1323@3<3:;=2=A35C3<B3
>@7@3:=A>=@B3::=
'C=B/@3 1=;>:3B/;3<B3 :3 2C3 :3D3BB3
75C@/
67C23@3:=A>=@B3::=47<=/:>C<B=277<<3AB=
1=<2C3:3D3BB375C@/
443@@/<2=:=A>=@B3::=AC7:/B71=<3<B@/;03
:3;/<7A=::3D/@:=3AB/11/@:=47<=/3AB@/@@3
1=;>:3B/;3<B3:313@<73@375C@/
%3@7: ;=<B/557= 23::= A>=@B3::=>@=1323@3<3:
;=2=7<D3@A=
%3@5:7/:B@7;=23::7274=@<=A35C7@3:3A35C3<B7
7AB@CH7=<7
>@7@31=;>:3B/;3<B3:=A>=@B3::=23:4=@<=
<A3@7@3237>/AA/<B727A71C@3HH/<374=@7D7A7
07:7<3::313@<73@323::=A>=@B3::=75C@/
443@@/@3 :/B3@/:;3<B3 := A>=@B3::= 1=<
3<B@/;03 :3 ;/<7 3 167C23@:= ?C/A7 B=B/:
;3<B3
(=::3D/@3:=A>=@B3::=323AB@/@@3:313@<73@3
2/::3 A1/</:/BC@3 4@=<B/:7 23: 4=@<= B7@/<2=
D3@A=:h3AB3@<=75C@/
<<-6B176-
#=<3AB@/@@3;/77>/AA/<B727A71C@3HH/>=716R
:/13@<73@/SA=BB=B3<A7=<33>=B@30031/CA/@3
:3A7=<7 <=:B@3 A3 7 >/AA/<B7 <=< A=<= 7<A3@7B7
<=<S>=AA707:3;=<B/@3:=A>=@B3::=
%3@A7AB3;/@3<C=D/;3<B3:=A>=@B3::=/443@@/@
:=1=< 3<B@/;03:3;/<7 37<A3@7@3:3 13@<73@3
<3::3/>>=A7B3/>3@BC@323::/>/@B34@=<B/:323:
4=@<= >@7@3 :3<B/;3<B3 3 1=;>:3B/;3<B3 :=
A>=@B3::=23:4=@<=
!=41B1),-447#87:<-447,-47:67
;<:=B1761,1;576<)//17576<)//17,-4>-<:7
16<-:67
>@7@3:=A>=@B3::=23:4=@<=
)7@/@37:D3B@=D3@A=:h3AB3@<=2/::/>/@B37<43
@7=@375C@/
: D3B@= 7<B3@<= / ?C3AB= >C<B= S :703@=
AB@/@:=
<<-6B176-
/@3/BB3<H7=<3>=716RC</D=:B/3AB@/BB=7:D3B@=
7<B3@<=:=A>=@B3::=23:4=@<=A7167C23@M
%C:7@37:D3B@=7<B3@<=3:h7<B3@<=23::=A>=@B3:
:=23:4=@<=
&C7<27 7<A3@7@3 7 AC>>=@B7 23: D3B@= 7<B3@<=
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75C@/
'7D=:53@37:D3B@=D3@A=:=A>=@B3::=
/13<2=>@3AA7=<31=<3<B@/;03:3;/<7AC7
2C3 AC>>=@B7 7<43@7=@7 ! 3 A>7<53<2= 1=<
B3;>=@/<3/;3<B3 7: D3B@= D3@A= := A>=@B3::=
"7:D3B@=A/@M <C=D/;3<B347AA/B=/?C3
AB=75C@/
;<:=B1761,1;576<)//17576<)//17,-1>-<:1
16<-:617:67+5
>@7@3:=A>=@B3::=23:4=@<=
'C=B/@3B=B/:;3<B3:32C3:3D3BB3#>3@0:=1
1/@37:;=D7;3<B=23::=A>=@B3::=75
A3@17B/@3>@3AA7=<31=< :327B/AC:>C<B=
>=AB=<3::/>/@B3AC>3@7=@3273<B@/;077:/B7
23::=A>=@B3::=23:4=@<=75
=<B7<C/<2= / ;/<B3<3@3 :/ >@3AA7=<3 AC:
>C<B= B7@/@3 :/ 167CAC@/ AC>3@7=@3 23::=
A>=@B3::=75
D3B@7 7<B3@<7 23::= A>=@B3::= >=B@/<<= 1=AW
3AA3@3 3AB@/BB7 3 4/17:;3<B3 >C:7B7 1=< C<
/>>=A7B=>@=2=BB=3C<>/<<=;=@072=
<<-6B176-
(3<=<SAB/B=0:=11/B=7:;=D7;3<B=23::=A>=@
B3::=1=<:h/>>=A7B/ :3D3BB/#4/@3 /BB3<H7=<3
>3@16R ?C/<2= A7 3AB@/55=<= 7 D3B@7 7<B3@<7 :=
A>=@B3::=23:4=@<=A7167C23@M
!=41B1),-447#87:<-447+76&-<:7
6<-:67,1:)6,115-6;1761