
,< ?4 G45?8 78 6H<FFBA FcG8<AG 78??8p@d@8 8G A8 C8HG dGE8 HG<?<Fc8 <? F8 C8HG DH8??8
F8 E8@8GG8 8A @4E6;8 H?GcE<8HE8@8AG 78 94aBA <A4GG8A7H8 )BHE cI<G8E 68GG8
cI8AGH4?<Gc 6BHC8E ?4?<@8AG4G<BA 4H 5BfG<8E 78 7<F=BA6G8HEF B@@HA<DH8E 4I86 HA
EcC4E4G8HE 4HGBE<Fc
'8 C4F F8 F8EI<E 78 68G 4CC4E8<? F<? A8 9BA6G<BAA8 C4F 6BEE86G8@8AG BH F<? 8FG
8A7B@@4:c B@@HA<DH8E 4I86 HA EcC4E4G8HE 4HGBE<Fc
-BH=BHEF 4IB<E HA 7cG86G8HE 78 9H@c8 8A cG4G 78 @4E6;8 CEbF 78 ?4 6H<F<A8
-8A<E ^ 7<FCBF<G<BA HA 8KG<A6G8HE 4CCEBCE<c F<GHc ^ CEBK<@<Gc DH< FB<G 5<8A 8A IH8 8G
946<?8 ^ 4GG8<A7E8 ABA ?B<A 78 ?4CC4E8<?
'8 C4F 8AGE8CBF8E A< HG<?<F8E 78 CEB7H<GF 6;<@<DH8F 6BEEBF<9F I4C8HEF FH5FG4A68F
<A9?4@@45?8F BH CEB7H<GF ABA 4?<@8AG4<E8F ^ ?<AGcE<8HE BH ^ CEBK<@<Gc 78 ?4CC4E8<?
8?H<p6< 4 cGc FCc6<4?8@8AG 6BAaH CBHE 94<E8 6;4H998E BH 94<E8 6H<E8 78F 4?<@8AGF
%8@C?B< 78 CEB7H<GF 6;<@<DH8F 6BEEBF<9F CBHE 6;4H998E BH A8GGBL8E ?4CC4E8<?
8A7B@@4:8E4 68 78EA<8E 8G C8HG 8AGE4fA8E 78F 5?8FFHE8F
'8 C4F EcC4E8E A< E8@C?468E GBHG8 C<b68 78 ?4CC4E8<? ^ @B<AF DH8 68?4 A8 FB<G
FCc6<9<DH8@8AG E86B@@4A7c 74AF 68 @4AH8? -BHG8 EcC4E4G<BA 7B<G dGE8 89986GHc8
C4E HA 68AGE8 78 EcC4E4G<BA 4HGBE<Fc C4E ?HF<A8
I4AG 78 EcC4E8E ?4 G45?8 78 6H<FFBA CBHE cI<G8E GBHG E<FDH8 78 6;B6 c?86GE<DH8
6BHC8E ?4?<@8AG4G<BA 4H 5BfG<8E 78 7<F=BA6G8HEF
'8 C4F 8AGE8CBF8E A< HG<?<F8E 78 ?8FF8A68 BH 78F @4GcE<4HK BH 4HGE8F ?<DH<78F BH
I4C8HEF <A9?4@@45?8F CEbF 78 68G 4CC4E8<? BH 78 GBHG 4HGE8 4CC4E8<?
,< ?4 G45?8 78 6H<FFBA 8FG F<GHc8 CEbF 7HA8 98AdGE8 7HA8 FBEG<8 78 I8AG<?4G<BA 9BE6c8
8G 7HA I8AG<?4G8HE F4FFHE8E DH8 78F @4GcE<4HK <A9?4@@45?8F G8?F DH8 E<784H A8
FBAG C4F 7cC?46cF C4E 78F 6BHE4AGF 74<E 4Hp78FFHF 78F c?c@8AGF "?F E<FDH8E4<8AG
78 F8A9?4@@8E
,< 78F IdG8@8AGF F8A9?4@@8AG EBH?8E C4E G8EE8 <@@c7<4G8@8AG CBHE cG8<A7E8 ?8F
9?4@@8F
ZGBH998M ?8F 9?4@@8F 7HA 98H 74?<@8AGF 4HGE8 DHHA 98H 78 :E4<FF8 ^ ?4<78 78
5<64E5BA4G8 78 FBH78 '8 =4@4<F HG<?<F8E 784H FHE HA 98H 78 6H<FFBA
,(*))#$*
o
)(.+ +Z."+ %, +",*., .1
+",,
1
'8 =4@4<F 94<E8 9BA6G<BAA8E ?8F HA<GcF 78 FHE9468 ^ 78F G8@CcE4GHE8F
c?8Ic8F F4AF FHEI8<??4A68 8F 7c5BE78@8AGF 64HF4AG 78 ?4 9H@c8 8G
78F 7cI8EF8@8AGF :E4<FF8HK C8HI8AG CE8A7E8 98H ;4H998E ?;H<?8
?8AG8@8AG ^ Ec:?4:8 94<5?8 BH @BL8A
2
&8GGE8 GBH=BHEF ?4 ;BGG8 ' &+! C8A74AG ?4 6H<FFBA ^ G8@CcE4GHE8
c?8Ic8 8G 4H @B@8AG 78 9?4@58E 78F 4?<@8AGF C8K 6EdC8F ,HM8GG8
68E<F8F =H5<?c8 FG84> 4H CB<IE8 9?4@5c
>CDBE3D9?>C 45 CY3EB9DY
9=@?BD1>D5C
%",3 - +3 , "',-+.-"(',
C@135 45 DB1F19< >F9B?>>5=5>D
)Y3EB9DY B5<1D9F5 V <5>DB5D95> 5D 1EH
BY@1B1D9?>C
#1DYB91EH 9>6<1==12<5C
> 31C 45 65E