$)*(+%$) &(
" &+)* ^*((
@ 9@97HFC8CAeGH=7C 8969 7CB97H5FG9 5
H=9FF5 B 75GC 89p:5@@CG 9B 9@
:IB7=CB5A=9BHC CpFCHIF5G @5 7CB9L=jB 5
H=9FF5 F98I79 9@ F=9G;C 89 89G75F;5G
9@e7HF=75G DF9G9BH5B8C IB5 Jg5 89p65>5
F9G=GH9B7=5 DCF @5 EI9 DI989 :@I=F @5
7CFF=9BH9
GH9p9@97HFC8CAeGH=7C 9GHa DFCJ=GHCp89
IB 756@9 89 7CB9L=jB 7CB IB
7CB8I7HCF 89 H=9FF5 M 9@ HCA57CFF=9BH9
7CB @5 HCA5 89 H=9FF5 7CFF9GDCB8=9BH9
@ HCA57CFF=9BH9 8969 7CB97H5FG9 9B
IB 9B7<I:9 5897I58C EI9 9GHe 89
57I9F8C 7CBpHC8CG @CG F9;@5A9BHCG
MpCF89B5BN5G @C75@9G
d
,(*$
%5 7CB9L=jB =B5897I585 89 @5
DI9GH5 5 H=9FF5 89 9GH9 9EI=DC
DI989 7CB8I7=F 5 IB F=9G;C 9@9J58C
89 89G75F;5G 9@e7HF=75G
CB97H5F 5 IB5 F5A5 89@ 7=F7I=HC
=B8=J=8I5@
!5;5 7CBHFC@5F @5 =BGH5@57=jB DCF IB
9@97HF=7=GH5 75@=:=758C G= H=9B9 8I85G
5 :=B 89 89H9FA=B5F EI9 @5p@5J58CF5
9GHe 7CFF97H5A9BH9 7CB97H585 5
H=9FF5
'( AC8=:=EI9 9@ 9B7<I:9
GIA=B=GHF58C 7CB @5 @5J58CF5 ,=pBC
9G 5897I58C 5@ HCA57CFF=9BH9 <5;5
=BGH5@5F IBpHCA57CFF=9BH9 5897I58C
DCFpIB 9@97HF=7=GH5 75@=:=758C
%$)(, )*)
$)*(+%$)
&(^%$)+"*)
&%)*(%()
B 75GC 89 IB 75A6=C 89 DFCD=9H5F=C
9GH9 A5BI5@ 8969 9BHF9;5FG9
7CB>IBH5A9BH9 7CB @5p@5J58CF5
%$)(,
)*)
$*(+%$)
$)*(+%$)
&( "
$)*"Q$
>DB?4E339[>
d
+%
)+ /"-+
+", ( %,"(',
%5 AaEI=B5 89 @5J5F 9G D9G585
%9J5BH5F 7CB 7I=858C
G9;mF9G9 89 H9B9F 9B 7I9BH5 HC85G
@5G 58J9FH9B7=5G MpDF975I7=CB9G
,)%
&5B;I9F5G 7CB;9@585G DI989B
F5>5FG9 C EI96F5FG9 'C =BGH5@5F @5
AaEI=B5 89 @5J5F 9B 9@ 9LH9F=CF Cp9B
IB NCB5 8CB89 9GHe 9LDI9GH5
5pH9AD9F5HIF5G DCF 8965>C 89@pDIBHC
89 7CB;9@57=jB ,= @5 @5J58CF5 9GHC
G=HI585 9B IB @I;5F EI9 G9Fa
9LDI9GHC 5 H9AD9F5HIF5G 65>C 79FC
C G= 9GH5 G=HI585 9B IB5 7565i5 EI9
9G 79FF585 9B H=9ADC 89 =BJ=9FBC
5@;IB5 5;I5 F9G=8I5@ 9B @5 6CA65 C
A5B;5G 89 5;I5 8969 G9F
89G5;I585
GH5G =BGHFI77=CB9G D5F5 @5 =BGH5@57=jB
9GHaB 89GH=B585G D5F5 G9F IG585G DCF
D9FGCB5@ 75@=:=758C 8=7=CB5@A9BH9
8969B H9B9FG9 9B 7I9BH5
9B @CG GH58CG .B=8CG 9@ '5H=CB5@
@97HF=7 C89 ',"') 9B
GI m@H=A5 98=7=jB M @5G F9;@5G
AIB=7=D5@9G MC @C75@9G J=;9BH9G
B 5B58a 9@ 5B58=5B @97HF=75@
C89 9B GI m@H=A5 98=7=jB M
@5G F9;@5G AIB=7=D5@9G MC @C75@9G
J=;9BH9G
,= @5 AaEI=B5 89 @5J5F G9 J5 5p=BGH5@5F
9B IB5 5A6=9BH9 9LDI9GHC 5
H9AD9F5HIF5G DCF 8965>C 89@ DIBHC 89
7CB;9@57=jB CpG= J5 5 9GH5F =BGH5@585
9B IB5 756=B5 79FF585 8IF5BH9 9@
H=9ADC =BJ9FB5@
4525>
9@=A=B5FG9
HC8CG @C J9GH=;=CG 89 5;I5 7CBH9B=8CG
9B @5G A5B;I9F5G 89 5779GC
I=89 89 BC 85i5F @5 AaEI=B5 89 @5J5F
'C GI>9H9 9@ 9EI=DC 89 D5FH9G
DFCHI69F5BH9G D 9> @5 DI9FH5 7I5B8C
@C @9J5BH9
8=7=CB5@A9BH9 5 @5G =BGHFI77=CB9G 89
G9;IF=858 @=GH585G 5EIg 9@ DFCJ998CF
89 5;I5 M 9B9F;g5 @C75@ DI989B H9B9F
F9EI9F=A=9BHCG 9GD97=5@9G
B 75GC 89 8I85G <5;5 7CB97H5F
9@p9@97HFC8CAeGH=7C DCF IB He7B=7C
5IHCF=N58C
>6?B=139[> C?2B5
5<9=9>139[> 45 B5C94E?C
<9=9>139[> 45< 5=21<1:5
@ 9A65@5>9 GIA=B=GHF58C <5 DFCH9;=8C
GI BI9J5 AaEI=B5 8IF5BH9 9@
HF5BGDCFH9 <5GH5 GI <C;5F -C8CG @CG
A5H9F=5@9G EI9 :CFA5B D5FH9 89@
9A65@5>9 GCB 6=9B GCDCFH58CG DCF 9@
A98=C 5A6=9BH9 MpF97=7@56@9G
CBHF=6IM5 5 A9>CF5F 9@ A98=C
5A6=9BH9 9@=A=B5B8C @CG A5H9F=5@9G 89@
9A65@5>9 89 IB5 A5B9F5 7CBG7=9BH9
+C;5ACG 7CBGI@H9 7CB GI J9B898CF C
@5 5IHCF=858 7CFF9GDCB8=9BH9 F9GD97HC
89 @5pA9>CF A5B9F5 89 9@=A=B57=jB
d
,(*$
&5BH9B;5 5@9>58CG 5 @CG B=iCG 89 @5
75>5 89 75FHjB CF=;=B5@ M 89 @CG
89AaG 7CADCB9BH9G 89@ 9A65@5>9
D5F5 9J=H5F 9@ F=9G;C 89 5G:=L=5 7CB @5
9BJC@HIF5 89 D@aGH=7C M @5G 75>5G
D@9;56@9G
<9=9>139[> 45 CE F95:1 =TAE9>1
P%CG J=9>CG 5FH9:57HCG 8CAeGH=7CG BC
GCB 65GIF5 =BG9FJ=6@9 .BpF97=7@5>9
7CBG7=9BH9 89@ A98=C 5A6=9BH9 DI989
F9;9B9F5F J5@=CG5G A5H9F=5G DF=A5G
d
,(*$
,= 9@ 9@97HFC8CAeGH=7C M5 BC G9
9B7I9BHF5 9B 7CB8=7=CB9G 89 IGC
89G7CB97H9 9@ 9B7<I:9 DF=B7=D5@
7CFH9 9@ 756@9 89 5@=A9BH57=jB M
9@=AgB9@C
89AaG F9H=F9 @5 DI9FH5 89 @5
@5J58CF5 D5F5 9J=H5F EI9 @CG B=iCG
EI989B 9B79FF58CG 89BHFC 89@
9@97HFC8CAeGH=7C
@<93139[>
,I @5J58CF5 9GHa 8=G9i585
9L7@IG=J5A9BH9 D5F5 IGC
8CAeGH=7C
)5F5
@=AD=5F H9>=8CG 5DHCG D5F5
@5J58CF5 9B 5;I5 7CFF=9BH9
D5F5 :IB7=CB5F 7CB 5;I5 7CFF=9BH9
:Fg5 M 75@=9BH9 p
°
°
M 7CB
89H9F;9BH9G D5F5 FCD5 7CBJ9B7=Cq
B5@9G M 58=H=JCG EI9 G95B 5DFCD=5q
8CG D5F5 IG5F 9B AaEI=B5G @5J5q
8CF5G
)?2B5 @B?D5339[>
I^3?>C5BF139[> 45< =549?
1=295>D5
,I @5J58CF5 IH=@=N5 5;I5 9B9F;g5
Mp89H9F;9BH9 9:=7=9BH9A9BH9
DFCH9;=9B8C 5@ A98=C 5A6=9BH9 M
F98I7=9B8C @CG 7CGHCG 89 GI <C;5F