BSfdaU[`SVabad,6WbSdfS_W`faVW^5a`fda^VW4WT[VSe3^UaZˆ^[USeVWGfSZ- AÌU[`SVW^BdaUgdSVad9W`WdS^-6WbSdfS_W`faVWES^gV-BdaYdS_S7eUgW^Se EWYgdSek>[TdWeVW6daYSeVW^SAÌU[`SVW7VgUSU[ˆ`VW^7efSVa-gUZS5a`fdS^SH[a^W`U[S-?SVdWeW`5a`fdSVW5a`VgU[d W`7efSVaVW7_Td[SYgWl?366W;`fWd_ag`fS[`:WS^fZUSdW

FaVae^ae`[‡aeh[W`W`Ua`Vae V[ebae[f[haeS`f[S^UaZa^

DWXWdW`U[Se,  >SW`UgWefSÀ@Sf[a`S^EgdhWkaX3_Wd[US`3ff[fgVWea`EgTefS`UW3TgeWJ, FWW`eS`VBSdW`feÁVW^5W`fda@SU[a`S^VW3V[UU[a`Wek3TgeaVWEgefS`U[Se VW^SG`[hWde[VSVVW5a^g_T[SSYaefaVW$""'

#

 ÀBdWhW`f[`YS`VDWVgU[`YG`VWdSYW6d[`][`Y,Ge[`YE3?:E3ÃeEfdSfWY[U BdWhW`f[a`8dS_Wiad]fa9WfAgfUa_We# Á

$

 4SUZ!:Sdd[ea`ÀGfSZEfgVW`f:WS^fZS`VD[e]BdWhW`f[a`EgdhWkÁ$""(

>aebSVdWeea`^SebWdea`SeUa`_Skad [`ÍgW`U[SW`^SUa`VgUfSVWegeZ[\ae

6Sfae[_bSUfS`fWeSUWdUSVW^ Ua`eg_aVWS^UaZa^W`_W`adWe

>aebSVdWe[`ÍgkW`_xecgWW^YdgbaVWS_[Yae

6S‡aUWdWTdS^

>aUdWSa`a^aeSVa^WeUW`fWeS`bdWefS`SfW`U[ˆ`SegebSVdWe  6WZWUZa^ae`[‡aeYW`WdS^_W`fWbdWefS`_xeSfW`U[ˆ`SegebSVdWe cgWS`SV[W_xe[`U^gkW`VaSegeS_[Yae 7`g`SW`UgWefSdWU[W`fW SUWdUSVW^Ua`eg_aVWS^UaZa^W`_W`adWe^aeSVa^WeUW`fWe [`V[USda`cgW^SVWeSbdaTSU[ˆ`VW^aebSVdWeWe^SdSlˆ``_Wda g`abad^ScgWbdWÌWdW``aTWTWd

À7^UWdWTdaegXdWUS_T[aeV[`x_[UaeVgdS`fW^SSVa^WeUW`U[S MW`fdW^ae#$k^ae$#S‡aeOkW^S^UaZa^bgWVWbWd\gV[USdeWd[S_W`fW ^aebdaUWeaeVWUdWU[_[W`faSUadfak^SdYab^Sla Á(

%

À>acgW^aebSVdWe[Y`adS`WecgWeg VWeSbdaTSU[ˆ`We^Sbd[`U[bS^dSlˆ`bad ^SUgS^^ae_W`adWeVWU[VW``aTWTWd Á

 8[eZWdEÀ3^UaZa^[e_,5^[`[US^S`V7jbWd[_W`fS^DWeWSdUZÁAUfgTdWVW$""(- Ha^ %",bxY ##$

&

 :Si][`e5A:A>67BAD H;63BAD7636675A?;7@LA675A@EG?A## >Se[`hWef[YSU[a`We VW_gWefdS`cgW W^&"VW^ae\ˆhW`We cgWUa_[W`lS`STWTWd S`fWeVW^ae#'S‡ae VWbW`VWdx`VW^S^UaZa^

®CgbgWVW`ZSUWd^aebSVdWe15dWSdhƒ`Ug^ae

®CgbgWVW`ZSUWd^aebSVdWe1Ba`Wd^ƒ_[fWe

®CgbgWVW`ZSUWd^aebSVdWe15a`fda^Sd

5dWSdhƒ`Ug^ae[_b^[USg`eW`f[_[W`faVWS_adUa`Wj[ˆ`khS^adSU[ˆ`  >Se[`hWef[YSU[a`We[`V[US`cgW^ae`[‡aeea`_W`aebdabW`eaeS TWTWdS^UaZa^e[egebSVdWebSdf[U[bS`W`egeh[VSeke[^aebSVdWeW Z[\aef[W`W`g`hƒ`Ug^aUWdUS`a >aeUa`Í[UfaeXS_[^[SdWek^SXS^fS VWhƒ`Ug^aeSg_W`fS`W^d[WeYaVWUa`eg_aVWS^UaZa^ #&BSdS _W\adSd^aehƒ`Ug^aeXS_[^[SdWe,

>ae^ƒ_[fWeea`^SedWY^Sek^SeWjbWUfSf[hSecgWVWÌ`W`^acgW ^aebSVdWeWebWdS`cgWegeZ[\aeZSYS`a`aZSYS` E[^SedWY^Sek ^SeWjbWUfSf[hSe`aea`U^SdSeegeZ[\aeeWdx`hg^`WdST^WeS^ Ua`eg_aVWS^UaZa^ BSdSWefST^WUWd^ƒ_[fWeU^Sdae,

5a`fda^Sde[Y`[ÌUSeSTWdVˆ`VWWefx`egeZ[\aeUa`cg[`Wefx` kcgWefx`ZSU[W`Va 5a_aW^UWdWTdaSVa^WeUW`fW`aZS VWeSdda^^SVaUa_b^WfS_W`fWW^Ua`fda^VW^ae[_bg^eaeg`SXS^fSVW Ua`fda^bgWVWWjba`WdSegeZ[\aeSg`_Skadd[WeYaVWSTgea VWS^UaZa^ BSdS_W\adSdW^Ua`fda^VW^aebSVdWe,

#  97@7D7G@3?4;7@F7BAE;F;HAK3875F;HA7@EG:A93D

– EWS`S_ST^WekdWebWfgaeaeg`aeUa`afdae – DWS^[UW`SUf[h[VSVWe\g`faedWYg^Sd_W`fW – 5W`W`\g`fae_S`fW`YS`g`SUa`hWdeSU[ˆ`SYdSVST^W >Se [`hWef[YSU[a`WeVW_gWefdS`cgW^aeSVa^WeUW`fWecgWUa_W` ZST[fgS^_W`fWUa`egXS_[^[SW`fdW'k)hWUWebadeW_S`S ea`%%_W`aebdabW`eaeSUa`eg_[dS^UaZa^ #' $  ?3@F7@93G@3;@F7D355;Ü@6;3D;3BAE;F;H3

#%#&#'#(#)#*#+$"$# 7VSV

9dS`f48k6Siea`63Se[`hWef[YSU[a`WeVW_gWefdS`cgWW^()VW ^aeSVa^WeUW`fWecgWUa`eg_W`S^UaZa^S`fWeVW^ae#'S‡ae bdaTSdx`afdSeVdaYSe[^WYS^We #$

>aeWXWUfaeVW^S^UaZa^bgWVWbdahaUSdcgWg`SbWdea`S, – FW`YSbaUSUSbSU[VSVVW\g[U[a – EW[`ha^gUdWW`bdaT^W_Se – BSdf[U[bWW`bW^WSeWeUa^SdWe – 8dSUSeWS^cgWdWdS^US`lSd_WfSeS^SdYab^Sla #%

7^Ua`eg_aVWS^UaZa^S`fWeVW^ae$#S‡aeWe[^WYS^, – 7e[^WYS^cgWg`_W`adUa_bdWbaeWSaUa`eg_S UgS^cg[Wdf[baVWTWT[VSS^UaZˆ^[US – 7e[^WYS^kUSef[YSVabad^S^Wk^ShW`fSaXWdfSa WjbW`V[aVWS^UaZa^Sg`_W`ad

7^UW`Sd\g`fae U[`UahWUWebad eW_S`SbgWVW SkgVSdSdWVgU[dW^ Ua`eg_aVW S^UaZa^W`_W`adWe

– Fˆ_WeWf[W_bafaVae^aeVƒSebSdSUa`hWdeSdUa`egeZ[\ae SUWdUSVWege[`fWdWeWekSUf[h[VSVWe BdWY`fW^WeSUWdUSVWege h[VSeWebWdS`lSe_[WVaekbdWaUgbSU[a`We-S^[`fW^aeScgW fW`YS`g`TgW`VWeW_bW‡aW`^SWeUgW^S – 6WefScgW^SeUaeSeTgW`SekW^ˆY[W^ae ?S`fW`YSS^_W`aeg` bda_WV[aVW&Ua_W`fSd[aebae[f[haebadUSVSUa_W`fSd[a`WYSf[ha H[e[fWiii XS_[^k eS_ZeS Yah!fS^]!W`UagdSYW_W`f 

– 3^UaddWY[dg`SUa`VgUfSaSb^[USdUSef[YaeSeWYdWeWVW cgWegeZ[\aeeWbS`cgWS`SeƒgefWV^aeS_S %  BD7EF73F7@5;Ü@3>4;7@7EF3D7?A5;A@3>67EGE:;7E>AED;7E9AE67>5A@EG?A673>5A:A>7@?7@AD7E

– 5a_[W`UWSZST^SdUa`egeZ[\aeSUWdUSVW^Ua`eg_aVWS^UaZa^ ^aS`fWebae[T^We[bgWVWS`fWeVW^aeaUZaS‡ae – 7jb^ƒcgW^We^aed[WeYaedWS^WeVW^Ua`eg_aVWS^UaZa^S^eWd_W`adWe ZSU[`Va^WebdWYg`fSebSdSSeWYgdSdeWVWcgWW`f[W`VS` – :SYSZ[`USb[W`cgWW^S^UaZa^Weg`SVdaYSbW^[YdaeSbSdS egeUWdWTdaeW`VWeSdda^^a 3_WV[VScgWegeZ[\aeUdWlUS`dWbSeW ^aebW^[YdaeVW^S^UaZa^S_W`gVa $  7EF34>7L53D79>3EK7JB75F3F;H3E5>3D3E

– 7efST^WlUSdWY^SecgWWjb^[cgW`U^SdS_W`fWcgW`aVWTW` Ua`eg_[dS^UaZa^_[W`fdSeeWS`_W`adWekVW\WT[W`W`U^Sda ^aeUSef[YaeW`USeaVWcgWUa`eg_S`S^UaZa^ 3U^xdW^We^acgW WebWdScgWZSYS`e[^WeaXdWUW`S^UaZa^ BadW\W_b^a,ÀE[ZSk S^UaZa^W`g`SÌWefS^^x_S_WkfWTgeUSdÁ – 6[eUgfSUa`egeZ[\aee[fgSU[a`WeW`^SecgW^aebgWVS`[`U[fSdS TWTWdS^UaZa^ 3`S^[UW`kbdSUf[cgW`hSd[SeXad_SeVWVWU[dÀ`a Á DWUgdVW^WecgWe[^WeaXdWUW`S^UaZa^VWTW`^^S_SdbSdScgW ^aehSkSSTgeUSd – BƒVS^WeSegeZ[\aecgWeWUa_bda_WfS`bWdea`S^_W`fWSdWebWfSd ^SedWY^Sek_gefdW^WekdWbSeW^SedWY^SeXdWUgW`fW_W`fW – :SYShS^Wd^SedWY^SeVW_S`WdSUaZWdW`fWSfdSheVW^ae USef[YaeSbdab[SVaeeWY`USVSe[fgSU[ˆ`

– 7efS^WdfSS^aee[Y`aeVWWefdeWjUWe[haaVWbdWe[ˆ`kScgW efaebgWVW`VWd[hSdW`W^Ua`eg_aVWS^UaZa^ 3kVW^aeS eaTdW^^WhSd^aeVW_S`WdSeS`SUa_abadW\W_b^aUa`_e[US W\WdU[U[aeUa`hWdeSU[a`WeUa`g`Ua`eW\WdaUa`S_[Yaea Ua`g`_V[UaWfU – Fˆ_WeWW^f[W_ba`WUWeSd[abSdSWeUgUZSdUa`SfW`U[ˆ`^Se bdWaUgbSU[a`WeVWegeZ[\ae ;`fW`fWbSeSdS^_W`ae#'_[`gfae badVƒSSea^SeUa`egeZ[\ae #)DWb[fSg`SaVaeXdSeWe_[W`fdSe ZST^S`bSdScgWeWbS`cgWgefWV^aeWeUgUZS

7efS^WdfSS ^aee[Y`aeVW WefdeWjUWe[haa VWVWbdWe[ˆ`

7efST^WlUSdWY^Se U^SdSek^a cgWgefWVWebWdS SUWdUSVW`a TWTWdS^UaZa^

%  3KG673EGE:;;97@F7?7@F73EGE3?;9AE

– 7^_Skadd[WeYabSdSW^Ua`eg_aVWS^UaZa^W`_W`adWeWecgW egeS_[YaeTWTS` :SYScgWegeZ[\aeWeUa\S`ScgW^^aeS_[Yae cgWdWebWfW`egedWY^SeUa`fdSW^Ua`eg_aVWS^UaZa^ #* – 5a`alUSS^aeS_[YaeVWegeZ[\aekegebSVdWe – 6[eUgfSeg`ad_SUa`fdSW^Ua`eg_aVWS^UaZa^Ua`^aeS_[Yae VWegeZ[\aekUa`egebSVdWekUa`e[YSegSbakabSdS_S`fW`WdS egeZ[\aeW`g`W`fad`a^[TdWVWS^UaZa^

5A@E7, 5A@E7, 3^[W`fWkTd[`VW SbakabSdScgW egeZ[\aefW`YS`g` TgW`VWeW_bW‡a W`^SWeUgW^S

B[W`eWW`^aeeW`f[_[W`faeVWegeZ[\aeUa_ae[XgWdS`g`SUgW`fSTS`USd[S W_aU[a`S^ 5SVSUaeSbae[f[hScgW^WeV[YSWeUa_ag`VWbˆe[faW`^S UgW`fS 5SVSUa_W`fSd[a`WYSf[haWeg`dWf[da BSdSWh[fSdg`Scg[WTdSW` ^SUgW`fSW_aU[a`S^VWegeZ[\aekg`SYd[WfSW`egdW^SU[ˆ`Ua`W^^ae VWTWSbadfSd_xeUa_W`fSd[aebae[f[haecgW`WYSf[hae

3^Yg`aebSVdWebgWVW``aWefSdVWSUgWdVaUa`WefST^WUWdg`SdWY^SUa`fdS W^S^UaZa^badcgWW^^aeTWT[Wda`UgS`VaWdS`SVa^WeUW`fWekab[`S`cgW ÀfaVaeS^[ˆT[W`Á ;`hWef[YSU[a`WedWU[W`fWeVW_gWefdS`cgW^aeSVa^WeUW`fWe VWZakUa_[W`lS`STWTWdS`fWekTWTW`_SkadWeUS`f[VSVWecgW^ae SVg^faebadUSVShWl^acgW^aeWjba`WSg`d[WeYa_gUZa_SkadVW Ua`hWdf[deWW`SV[UfaekVWbdaVgU[d^WeVS‡aeSegeUWdWTdae #+FaVae^aebSVdWe VWTW`WefST^WUWd^ƒ_[fWeU^SdaeW`dW^SU[ˆ`Ua`W^Ua`eg_aVWS^UaZa^

#  5A@AL53>3E35F;H;6367E67EGE:;aeUZ[Uae`WUWe[fS`V[hWdf[deW 3kVW^aeSYW`WdSdV[hWde[ˆ` eWYgdSkb^SUW`fWdSÀ^[TdWVWS^UaZa^ÁbSdSW^^aekegeS_[Yae $  3E79ßD7>7EG@7@FAD@A>;4D7673>5A:A>

– 3eWYdWeWVWcgW`aZSkSS^UaZa^S^S^US`UWVWegeZ[\aeW` egUSeSaSfdSheVWegeS_[YaeZWd_S`aeWfU E[hS`S^SUSeS VWS^Y`S_[YaSeWYdWeWVWcgW^aebSVdWeWefSdx`W`USeS kVWcgW`aZSTdxS^UaZa^ – E[^WeaXdWUW`S^UaZa^W`g`SÌWefSW`e‡W^WecgWVWTW` ^^S_Sd^abSdScgWgefWV^aebSeWSTgeUSd >gWYabdW_[Weg TgW`SUa`VgUfS – E[gefWVUa_aSVg^faVWU[VWTWTWde[W_bdW_S`fW`YSeg S^UaZa^TS\a^^ShWkXgWdSVW^S^US`UWVWegeZ[\aekegeS_[Yae %  5A@FDA>5G3@6A@AF;7@7@EGB7DH;E;Ü@

– FW`YSbdWeW`fWcgW^aeWefgV[aeVW_gWefdS`cgW^aeSVa^WeUW`fWe Wefx`_xeWjbgWefaeS^Ua`eg_aVWS^UaZa^W`fdW^Se%,""k^Se (,""b _ _[W`fdSe_gUZaebSVdWeS`Wefx`fdSTS\S`Va $" – 4gecgW^S_S`WdSVW_S`fW`WdeWW`Ua`fSUfaUa`egeZ[\ae UgS`VagefWV`aWefkSeWSbadfW^Xa`aSfdSheVW_W`eS\We VWfWjfaab[V[`Va^WSS^Y`hWU[`acgWbSeWbadegUSeS – >^WYgWSegUSeSe[`Sh[eSdVWhWlW`UgS`Va :xYS^WeeSTWdcgW WebadcgW^W[_badfS`kbadcgW^aeS_S

5a`alUSS^ae S_[YaeVWegeZ[\ae kegebSVdWe

7j[efW`_gUZSe_S`WdSeVWWh[fSdcgWegeZ[\aeUa`eg_S`S^UaZa^  FaVSeVWbW`VW`VWgefWV ;`YdWeWSBSdW`fe7_baiWdWV adY bSdSaTfW`Wd_xe[`Xad_SU[ˆ`SUWdUSVW^SefU`[USebdaTSVSe bSdSbdWhW`[dW^Ua`eg_aVWS^UaZa^W`SVa^WeUW`fWe

5A@E7, 7efST^WUWd^ƒ_[fWeU^Sdaee[`Ua`fda^VW^aebSVdWe`aWeWÌUSlW`^S bdWhW`U[ˆ`VW^Ua`eg_aVWS^UaZa^ 7`U[WdfS_WV[VSfaVae^aeZ[\ae hS^adS`W^Ua`fda^VW^aebSVdWe 7eg`SbdgWTSXWZSU[W`fWVWcgWege bSVdWe^aeS_S`^aegÌU[W`fWUa_abSdSbdWaUgbSdeWbadegT[W`WefSd