5GIWTKFCF
¡%xOQRWGFQCXGTKIWCTEWhPVCGZRQUKEKxPCGPGTIsCFGTCFKQHTGEWGPEKCRWGFQTGEKDKTCNWUCTOK
VGNoHQPQKPCNhODTKEQ!
6QFQUNQUVGNoHQPQUSWGUGXGPFGPGPNQU'UVCFQU7PKFQUFGDGPEWORNKTEQPNQUNKPGCOKGPVQU
FGNC%QOKUKxP(GFGTCNFG%QOWPKECEKQPGU(%%SWGNKOKVCPNCUGZRQUKEKQPGUCNCGPGTIsCFG
TCFKQHTGEWGPEKC4(.C(%%GUVCDNGEKxGUQUNKPGCOKGPVQUCUGUQTCFCRQTNC(&#[QVTCUFGRGPFGPEKCU
HGFGTCNGUFGUCNWF[UGIWTKFCF'NNsOKVGFGNC(%%RCTCNCGZRQUKEKxPC4(FGVGNoHQPQUKPCNhODTKEQUUG
JC¿LCFQCWPCVCUCFGCDUQTEKxPGURGEs¿EC5#4RQTUWUKINCGPKPINoUFGYCVVURQTMKNQITCOQ
9MI'NNsOKVGFGNC(%%GUEQPUKUVGPVGEQPNQUGUVhPFCTGUFGUGIWTKFCFFGUCTTQNNCFQURQT
GN+PUVPIGPKGTsC'NoEVTKEC['NGEPUVKVWVGQH'NGEVTKECNCPF'NGEVTQPKE'PIKPGGTKPI
+'''[GN%QPUGLQ0CEKQPCNRCTCNC/GFKEKxP[2TQVGEEKxPEQPVTCNC4CFKCEKxP0CVKQPCN%QWPEKNQP
4CFKCVKQP2TQVGEVKQPCPF/GCUWTGOGPV
'NNsOKVGFGGZRQUKEKxPVQOCGPEQPUKFGTCEKxPNCECRCEKFCFFGNEWGTRQFGGNKOKPCTGNECNQTFGNQU
VGLKFQUSWGCDUQTDGPGPGTIsCFGNQUVGNoHQPQUKPCNhODTKEQU[UGJC¿LCFQOW[RQTFGDCLQFGNQU
PKXGNGUSWGUGUCDGSWGVKGPGPCNI}PGHGEVQ.QUHCDTKECPVGUFGVGNoHQPQUKPCNhODTKEQUFGDGPKPHQTOCT
CNC(%%FGNPKXGNFGGZRQUKEKxPC4(FGECFCOQFGNQFGVGNoHQPQ'NUKVKQYGDFGNC(%%JVVRYYY
HEEIQXEIDEGNNWNCTJVONRTQRQTEKQPCKPUVTWEEKQPGURCTCWDKECTGNP}OGTQFGKFGPVK¿ECEKxPFGNC
(%%GPGNVGNoHQPQ[GPEQPVTCTGNPKXGNFGGZRQUKEKxPC4(FGNVGNoHQPQGPNCNKUVCSWGCRCTGEGGPNsPGC
¡3WoJCJGEJQNC(&#RCTCOGFKTNCGPGTIsCFGTCFKQHTGEWGPEKCSWGRTQXKGPGFGNQUVGNoHQPQU
KPCNhODTKEQU!
'N+PUVPIGPKGTQU'NoEVTKEQU['NGEV'''GUVhFGUCTTQNNCPFQWPGUVhPFCTVoEPKEQ
RCTCNCOGFKEKxPFGNCGZRQUKEKxPCNCGPGTIsCFGTCFKQHTGEWGPEKC4(RTQXGPKGPVGFGNQUVGNoHQPQU
KPCNhODTKEQU[QVTQUFKURQUKVKXQUKPCNhODTKEQUEQPNCRCTVKEKRCEKxP[GNNKFGTC\IQFGEKGPVs¿EQUG
KPIGPKGTQUFGNC(&#'NGUVhPFCTFGPQOKPCFQ³2ThEVKECTGEQOGPFCFCRCTCFGVGTOKPCTNCVCUCFG
CDUQTEKxPGURGEs¿EC5#4RKEQGPGNEWGTRQJWOCPQFGDKFQCNQUFKURQUKVKXQUFGEQOWPKECEKxP
KPCNhODTKECVoEPKECUGZRGTKOGPVCNGU´GUVCDNGEGNCRTKOGTCOGVQFQNQIsCEQJGTGPVGFGRTWGDCURCTC
OGFKTNCVCUCCNCEWCNUGFGRQUKVCPNCU4(GPNCECDG\CFGNQUWUWCTKQUFGVGNoHQPQUKPCNhODTKEQU'N
OoVQFQFGRTWGDCWVKNK\CWPOQFGNQFGNCECDG\CJWOCPCSWGUKOWNCUWUVGLKFQU5GGURGTCSWGNC