/>ED .-/ D -/ 0'
>C8D E>: 9: ADC<>IJ9 B_C>BD
d
)%'!
'6 8DC:M>aC >C69:8J696 9: A6
EJ:HI6 6 I>:GG6 9: :HI: :FJ>ED
EJ:9: 8DC9J8>G 6 JC G>:H<D :A:K69D
9: 9:H86G<6H :A^8IG>86H
#6<6 8DCIGDA6G A6 >CHI6A68>aC EDG JC
:A:8IG>8>HI6 86A>;>869D H> I>:C: 9J96H
6 ;>C 9: 9:I:GB>C6G FJ: :A H:869DG
:HI^ 8DGG:8I6B:CI: 8DC:8I696 6
I>:GG6
)* BD9>;>FJ: :A :C8=J;:
HJB>C>HIG69D 8DC :A H:869DG
.>CD:H 69:8J69D 6A IDB68DGG>:CI:
=6<6 >CHI6A6G JC IDB68DGG>:CI:
69:8J69D EDG JC :A:8IG>8>HI6
86A>;>869D D 86B7>: :A 867A: EDG JCD
FJ: H:6 69:8J69D 6A H:869DG
"!&%) &'&
!&'%("!& #%
"!&('&
#"&'%"%&
C 86HD 9: JC 86B7>D 9: EGDE>:I6G>D
:HI: B6CJ6A 9:7: :CIG:<6GH:
8DC?JCI6B:CI: 8DC :AH:869DG
"!&%)
&'&
!&'%("!&
!&'%("!& #% !&'K!
;A?<1B006P;
':6 :HI6H >CHIGJ88>DC:H 8DBEA:I6c
B:CI: N 8DC 8J>969D HID K6 6:K>I6G
FJ: E>:G96 I>:BED N:H;J:GOD
E:GB>I>:C9D AD<G6G JC;JC8>DC6B>:CID
aEI>BD 9:A H:869DG H:<bG:H: 9:
I:C:G :C 8J:CI6 ID96H A6H 69K:GI:C8>6H
NEG:86J8>DC:H
d
)%'!
1 -/ )$ ->:H<D 9:
>C8:C9>D
'6 >CHI6A68>aC 9:A H:869DG 9: GDE6
9:7: H:G G:6A>O696 EDG JC
>CHI6A69DG 86A>;>869D
$CHI6A: :A H:869DG 9: GDE6 H:<bC
A6H >CHIGJ88>DC:H 9:A ;67G>86CI: N
ADH 8a9><DH AD86A:H
)D >CHI6A: JC H:869DG 9: GDE6 8DC
B6I:G>6A:H 9: K:CI>A68>aC 9:
EA]HI>8D ;A:M>7A:H .> H: >CHI6A6 JC
8DC9J8ID 9: B:I6A ;A:M>7A: I>ED
=D?6 B:I]A>86 9:7: H:G 9: JC I>ED
:HE:8_;>8D >9:CI>;>869D EDG :A
;67G>86CI: 9:A :A:8IGD9DB^HI>8D
8DBD 6EID E6G6 JC H:869DG 9:
GDE6 .: H67: FJ: ADH B6I:G>6A:H
9: K:CI>A68>aC ;A:M>7A:H H: =JC9:C
H: 6EA6HI6C ;]8>AB:CI: N 6IG6E6C
E:AJH6 HI6H 8DC9>8>DC:H
D7HIGJN:C :A ;AJ?D 9: 6>G: 9:A
H:869DG 9: GDE6 N 6JB:CI6C :A
G>:H<D 9: >C8:C9>D
+6G6 G:9J8>G :A G>:H<D 9: A:H>DC:H
<G6K:H D 9: BJ:GI: H><6 ID96H A6H
>CHIGJ88>DC:H 9: >CHI6A68>aC
*). -1 ./.
$)./-0$*) .
HI6H >CHIGJ88>DC:H E6G6 A6 >CHI6A6c
8>aC :HI]C 9:HI>C696H E6G6 H:G JH696H
EDG E:GHDC6A 86A>;>869D
9>8>DC6AB:CI:
6 :HI6H >CHIGJ8c
8>DC:H :A H:869DG 9:7: >CHI6A6GH: 9:
68J:G9D 8DC ID96H A6H G:<A6H AD86A:H D
7>:C :C HJ 6JH:C8>6 8DC
:C ADH
@A.1<@ (;61<@
:A)6I>DC6A A:8IG>8 D9:
).$)!+ :C HJ bAI>B6 :9>8>aC
N A6H G:<A6H BJC>8>E6A:H ND AD86A:H
K><:CI:H
;3<?:.06P; @</?2
296:6;.06P; 12 ?2@61B<@
96:6;.06P; 129 2:/.9.72
d
)%'!
A H:869DG :H HJB6B:
(6CI:C<6
6A:?69DH 6 ADH C>`DH I6CID 9:A 86GIaC
8DBD 9: ADH 9:B]H 8DBEDC:CI:H
9:A :B76A6?: M>HI: E:A><GD 9:
6H;>M>6 8DC A6 A]B>C6 EA]HI>86 N8DC
ADH 86GIDC:H EA:<69DH
CI: E:H69D
)>C<JCD 9: ADH B6I:G>6A:H 9:A :B76A6?:
:H 96`>CD E6G6 :A B:9>D 6B7>:CI: N
EJ:9:C G:8>8A6GH: -D<6BDH
:A>B>C6GADH H:<bC A6H CDGB6H 9:
EGDI:88>aC 9:A B>HBD
-D<6BDH EDC:GH: :C 8DCI68ID 8DCHJ
K:C9:9DG D A6 6JIDG>969 8DBE:I:CI:
G:HE:8ID 9: A6H9>HEDH>8>DC:H K><:CI:H
2@205< 12 2920A?<1<:M@A60<@
C627<@
d
)%'!
C ADH 6GI:;68IDH FJ: H: K6C
6EDC:G ;J:G6 9: H:GK>8>D
9:H8DC:8I: :A :C8=J;: EG>C8>E6A
8DGI: :A 867A: 9: G:9 N :A>B>C: :A
867A: ?JCID 8DC :A :C8=J;:
+6G6 :K>I6G FJ: ADH C>`DH 6A ?J<6G H:
EDC<6C :C E:A><GD 6A FJ:96G 6IG6E69DH
6H:<JG6GH: 9: FJ: :A B:86C>HBD 9:
8>:GG: 9: A6 EJ:GI6 :HI^ 9:H68I>K69D D
9:HBDCI: A6 EJ:GI6
Q'DH :A:8IGD9DB^HI>8DH K>:?DH CD HDC
76HJG6 +J:9:C JI>A>O6GH: B6I:G>6H
EG>B6H K6A>DH6H :C JC G:8>8A69D
69:8J69D 6A B:9>D 6B7>:CI:
-D<6BDH EDC:GH: :C 8DCI68ID 8DC HJ
K:C9:9DG D A6 6JIDG>969 8DBE:I:CI:
G:HE:8ID 9: A6H 9>HEDH>8>DC:H K><:CI:H
;A2@ 12 6;@A.9.? 29
@20.1<?
CI:H 9: >CHI6A6G :A H:869DG 6 JC
H>HI:B6 9: 8DC9J8IDH JI>A>O69D
EG:K>6B:CI: 6H:<bG:H: 9: FJ: :A
H>HI:B6 :HI^ A>BE>D .: G:8DB>:C96
G:6A>O6G JC6 A>BE>:O6 EGD;:H>DC6A 9:A
H>HI:B6 9: 8DC9J8IDH :C ;DGB6 6CJ6A N
6A 8DC:8I6G :A H:869DG 6 JC H>HI:B6 9:
8DC9J8IDH JI>A>O69D EG:K>6B:CI:
(6CI:C:G A>BE>D :A H>HI:B6 9:
8DC9J8IDH G:9J8>G] :A I>:BED 9:
H:869D N B:?DG6G] :A G:C9>B>:CID 9:A
H:869D
