59<;>@N:/5-0-B501;3>-B-QO;1:=A-:@;5:?@>A91:@;01>135?@>;<->-; <>;21??;>0;<1:?-91:@;9-@19L@5/;01/>5-:Q-?<1=A1:-? &5F=5B5)9@@5H=9F= +9;=B5`@=5 F5B8C %1?A9; ,I<D?NCPI>?MN?;LNCAIp;H;FCM;L;M=IHNLC<OCnv?M?;CGJILNlH=C;>IOMI>IPr>?I=IGI@ILG;>?L?ACMNLI J;L;IJLI@?MMIL J?MKOCM;>IL>;M;nv?M>;M=LC;Hn;MJ?KO?H;M"MN?;LNCAIpOGL?=ILN?>?OG;J?MKOCM;>? &HC=C;nmI C?HNC@C=; CHNCNOF;>; }.O;F G;N?GkNC=; J;L; =LC;Hn;M NmI J?KO?H;M "RJFIL;H>I I J?HM;G?HNI G;N?GkNC=I>?=LC;Hn;M>?;;HIM~J?MKOCM;CHP?MNCA;;MG;HC@?MN;nv?M>IJ?HM;G?HNIG;N?GkNC=I >;M =LC;Hn;M ?HKO;HNI L?;FCT;G N;L?@;M CHN?H=CIH;FG?HN? JLIJIMN;M J?F; JLI@?MMIL; , L?ACMNLI ?G Pr>?I ?PC>?H=CIO M? =IGI OG CHMNLOG?HNI >? ?RNL?G; CGJILNlH=C; J;L; I ;=IGJ;HB;G?HNI >I L;=CI=rHCI G;N?GkNC=I >;M =LC;Hn;M <?G =IGI ;M JIMMC<CFC>;>?M >? ?RJFIL;nv?M N?=HIFtAC=;M J;L; ; ;JL?H>CT;A?G CH@;HNCF=IGIIOMI>I>;N;MBIQJ;L;;=IHN;nmI?JLI<F?G;NCT;nmI>?BCMNtLC;M!?MN;=IO M?;CGJILNlH=C; >IOMI>IPr>?I=IGIL?ACMNLIN;G<pGJ;L;KO?;=LC;Hn;L?=IHB?=?MM?;MMO;M;nv?MMI<L?IMI<D?NIM?G KO? ?F; G;HCJOFIO ? JLI>OTCMM? HIPIM MCAHC@C=;>IM <?G =IGI OG CGJILN;HN?CHMNLOG?HNI >? I<M?LP;nmI ;P;FC;nmI?L?MCAHC@C=;nmIJ;L;;JLkNC=;>;JLI@?MMIL; J?MKOCM;>IL; )5@5JF5G 7<5J9*;N?GkNC=;H;">O=;nmI&H@;HNCF/?ACMNLI?G3r>?I-LI<F?G;NCT;nmI '4159<;>@-:/1;2@41B501;>1/;>05:3-?-:5:?@>A91:@;2>135?@1>2;>@41<>;21??;>5:>18-@5;: @; @419-@419-@5/-8@45:75:3;2?9-88/4580>1: .?@>-/@ 1B?;CGI@NBCMJ;J?LCMNI;H;FST?NB?=IHNLC<ONCIHM;H>CGJILN;H=?I@NB?OM?I@PC>?I;M;Q;SNIL?ACMN?L @ILNB?N?;=B?L L?M?;L=B?LI@NB?MB;L?MI@MG;FF=BCF>L?H1BCM;LNC=F?CM;H?R=?LJN@LIG ;M=C?HNC@C=CHCNC;NCIH ?HNCNF?> 4B;N CM G;NB?G;NC=M NI =BCF>L?H MI SIOHA "RJFILCHA NB? G;NB?G;NC=;F NBCHECHA I@ =BCF>L?H S?;LM1B?MNO>SCHP?MNCA;N?MNB?G;HC@?MN;NCIHMI@=BCF>L?HMG;NB?G;NC=;FNBCHECHAQBCF?J?L@ILGCHAN;MEM JLIJIM?> <S NB? N?;=B?L CHN?HNCIH;FFS 1B? PC>?I L?=IL> MBIQ?> CNM?F@ ;M ;H ?RNL?G?FS CGJILN;HN NIIF @IL GIHCNILCHA=BCF>L?HMG;NB?G;NC=;FNBCHECHA;H>NB??RJFIL;NCIHI@N?=BHIFIAC=;FJIMMC<CFCNC?M@IL=BCF>L?HM F?;LHCHA MO=B ;M NB? OM? I@ >;N; JLID?=NILM @IL NB? KO?MNCIHCHA I@ MNILC?M ;H> MNILSN?FFCHA %? MNL?MM?> NB? CGJILN;H=?I@NB?OM?I@PC>?I;MQ?FFL?=IL>@ILNB?=BCF>NIL?=IAHCT?NB?CL;=NCIHMIHNB?I<D?=NMCHCN;H> G;HCJOF;N?>NIJLI>O=?H?QG?;HCHAM;MQ?FF;M;HCGJILN;HNCHMNLOG?HNI@I<M?LP;NCIH?P;FO;NCIH;H>L? MCAHC@C=;NCIH @IL NB? JL;=NC=? I@ L?M?;L=B JLI@?MMIL$9MKCF8G *;NB?G;NC=M CH ";LFS BCF>BII> ">O=;NCIH L?ACMNL;NCIHIH3C>?I OLLC=OFOG :@>;0AQO; &HC=C;GIM ?MN? ;LNCAI NL;T?H>I OG; H;LL;NCP; >? OG; MCNO;nmI >? M;F; >? ;OF; >; ">O=;nmI CH@;HNCF =L?>CN;GIM KO? ;NL;PpM >?MM;H;LL;NCP;pJIMMrP?F=;JN;LIGIPCG?HNI >?OG;M;F;>?;OF;>?=LC;Hn;M<?GJ?KO?H;M ?;M;@FCnv?M?;HAxMNC;MCHC=C;CM>; JLI@?MMIL; J?MKOCM;>IL; #IC H?MM? ;G<C?HN? <;MN;HN? =IGOGjMM;F;M>?;OF;>;G;CILC;>;M=L?=B?M =LC;Hn;M>?;;HIMKO?HIMJLIJOM?GIM; >?M?HPIFP?L;JL?M?HN?J?MKOCM; , ;HI p ? ?MN;GIM ?G OG; ?M=IF; J;LNC=OF;L >? ">O=;nmI &H@;HNCF >I CHN?LCIL >? 0mI -;OFI "M=IF;J?KO?H;=IG;L>?=;M;>?;PtM;F;?L;>IGCHCG;N?LH;F;M;F;>IM<?<qMIMG;CMHIPCHBIM>; ?M=IF; 0;F; AL;H>? =IG OG ?HILG? N;J?N? >? "3 =IFILC>I HI =BmI M?G G?M;M ? M?G =;>?CL;M NI>I I ?MJ;nIFCPL?J;L;;M=LC;Hn;M,JILNmI;<L?=B?A;IJLCG?CLI@?FCTJIL?MN;LH; ?M=IF; B?A;IJLtRCGI =BIL;H>I J;L; HmI M;CL >I =IFI >; G;Gm? G;M ?L; ;J?H;M OG =B;LGCHBI FIAI JkL; ? =IG?n; ; <LCH=;L B?A;G;CMOGG;CMOGFIAI;M;F;?MNk=B?C;0mI KOCHT?=LC;Hn;MKOCHT?<?<qM,G;CMHIPCHBIN?G ;HI?;G;CMP?FB;?G?M?M.O;HN;>C@?L?Hn;1?G=LC;Hn;KO?;H>;?=LC;Hn;KO??HA;NCHB;=LC;Hn;KO? @;TRCRCHIJ?HC=I?=LC;Hn;KO?@;TRCRCH;@L;F>;=LC;Hn;KO?@;F;J?FIM=INIP?FIM?=LC;Hn; KO?=BIL;J?FIM =INIP?FIM OG; =BOJ; =BOJ?N; IONL; I >?>I 0mI GOCNIM ? GOCNI >C@?L?HN?M "F?M HmI J;L;G =ILL?G J?F; M;F; =;>; OG J;L; OG F;>I +mI =IHMCAI MITCHB; JL?=CMI >? ;FAOpG 0IGIM KO;NLI ; JLI@?MMIL; J?MKOCM;>IL;?G;CMNLqM;MMCMN?HN?M2@;MMCG?MNkG?FBIL=IHM?AOCGIMILA;HCT;L "H>?L?nI ?F?NLuHC=IG;LCJ?FF;NC?LCN?LL;=IG<L "H>?L?nI?F?NLuHC=IL?AL;H>IS;BII=IG<L &5F=5B5)9@@5H=9F=+9;=B5`@=5 F5B8C IG?n;G ;M ;NCPC>;>?M "MM; JLI@?MMIL; p FIO=; G;N?GkNC=; J;L; <?<qM &GJIMMrP?F *;M HmI @IC -LCG?CLIOG;BCMNtLC;=IHN;>;FC>;CHP?HN;>; !?JICM IM G;N?LC;CM ?MJ;FB;>IM J?FI N;J?N? IG?n; ; ?RJFIL;nmI IM =IH@FCNIM ;M L?MIFOnv?M "F?M ?MNmIJ?HM;H>I*;M?F?MMmILkJC>IM=;>;OG?GOG=;HNI>;M;F; IGIPIOL?ACMNL;L IGIPIO ?HR?LA;LNO>I AL;H>?C>pC;2G;@CFG;>IL;H;GmIM;F;NI>;=;<?H;F?HN?NI>IMIMMIHMMmI=;JN;>IMNI>;M;M CHN?LP?Hnv?MAL;P;>;M?NI>IMIMGIPCG?HNIMAO;L>;>IM"F?MMmIGOCNIMG;MNI>IM?MNmIFkJIMMIPq FIM IOPC FIMI<M?LPk FIM"G=;M;=IG=;FG;FCAIIPr>?I-IMMIP?LIKO?NI>IM@CT?L;G=IGI?HN?H>?L;G =IGI ?MNmI J?HM;H>I -IMMI G? P?L , KO? @IC KO? ?O @;F?C +mI >?PC; N?L >CNI CMMI &MMI p G;L;PCFBIMI JIMMI;P;FCk FIM?JIMMIG?;P;FC;LJIMMIL?PCP?L;KO?F?GIG?HNI>;M;F;>?;OF;GOCN;MP?T?M?=;>;P?T KO?;MMCMNI;IPr>?IJ?L=?<I;FAI>C@?L?HN? "H@CG=IHM?AOC@;T?LG;N?GkNC=;=IGIM<?<qM*?FBIL;CH>;=IHM?AOCL?ACMNL;LIMG?OM<?<qMHI GIPCG?HNI>?JLI>OnmIG;N?GkNC=;+mIMIOFIO=;dJIMMrP?FMCG@;T?LG;N?GkNC=;=IG<?<qM *;LC;H;-?FF;NC?LC "MM?;G<C?HN?>?CHP?MNCA;nmI@ICJLI>OTC>I ; J;LNCL >; JIMMC<CFC>;>? >? M? L?ACMNL;L ;H;FCM;L ? <OM=;L =IGJL??H>?L I GIPCG?HNI >? JLI>OnmI >I J?HM;G?HNIG;N?GkNC=I?IOJ?HM;G?HNI=C?HNC@C=I J?F;M =LC;Hn;M J?KO?H;M ?G CHN?L;nv?M CHN?H=CIH;FG?HN? JF;H?D;>;M J?F; JLI@?MMIL; J?MKOCM;>IL;d=IGOG?GJLkNC=;M=INC>C;H;MKO? I ?HN?H>CG?HNI ;=?L=; >;M N;L?@;M ? };NCPC>;>?M~ JLIJIMN;M jM =LC;Hn;M >; =L?=B? ?MN?D;G =CL=OHM=LCN;M ; OG ?MJ;nI LC=I ?G G;N?LC;CM G;M =IG JIO=;M JLI<F?G;NCT;nv?M "HN?H>?GIM KO? I ;G<C?HN? LC=I M?D; H?=?MMkLCI G;M =IG ; JIMMC<CFC>;>? >? =IGJL??H>q FI =IGI OG ?MJ;nI >? CHP?MNCA;nmI? JLI<F?G;NCT;nmI J?F; JLI@?MMIL; !?MM;@ILG;;M;NCPC>;>?MJLIJIMN;MH?MM;J?MKOCM; J?F; JLI@?MMIL; J?MKOCM;>IL; M?GJL? JL?PC;G JLI<F?G;NCT;nv?M ; @CG >? =IFI=;L ;M =LC;Hn;M ?G GIPCG?HNI>?J?HM;G?HNIG;N?GkNC=I"HNL?N;HNI =LC;Hn;M J?KO?H;M JIO=I @;F;G ? M? ?RJL?MM;G =ILJIL;FG?HN? MI<L? ;M MO;M ;nv?M >? J?HM;G?HNI ,>C@r=CF?L;=;JN;L?MM?GIPCG?HNI "A?;0;BU01;/;9;>135?@>;0-<>;0AQO;0; <1:?-91:@;9-@19L@5/;<;>/>5-:Q-?<1=A1:-? 2G >IM ;ONIL?M ?G KO? HIM ;JIC;GIM >OL;HN? ; J?MKOCM; HI KO? >CT L?MJ?CNI ;I >?M?HPIFPCG?HNI >; =LC;Hn; @IC %?HLC 4;FFIH ;JO> $;FPmI , ;ONIL =IHMC>?L; I >?M?HPIFPCG?HNI >; =LC;Hn; ; J;LNCL >? OG; =IH=?JnmI >C;FpNC=; J;ON;>; HI >?M?HPIFPCG?HNI AFI<;F !? ;=IL>I =IG I ;ONIL I J?HM;G?HNI =ILL?MJIH>?jOHCmI>I=ILJI?G?HN?@CMCIFtAC=I? MI=C;F=IGIOG;;nmIKO?N?G=IGII<D?NI;FAI KO?P?G>I?RN?LCILIOM?D;II<D?NI>;;nmIP?G >I ALOJI IO ;G<C?HN? HI KO;F I CH>CPr>OI ?MNk CHM?LC>I /?=OM;H>I M?;M?F?=CIH;LOGxHC=I;MJ?=NI >I M?L BOG;HI ? CMIFk FI >I =IHDOHNI I ;ONIL JLIJv? I ?MNO>I CHN?AL;>I >I >?M?HPIFPCG?HNI >; =LC;Hn;2G>IM;MJ?=NIM;JIHN;>IMJIL ?MM?;ONIL =IGI=;L;=N?LrMNC=;>I>?M?HPIFPCG?HNI>;=LC;Hn; >?;;HIMp;JLID?nmI>IM;NIMG?HN;CM?G;NIM GINIL?M-;L;4;FFIH5DI8 $;FPmIJ C ACJ=A9BHC H9A D5D9@ :IB85A9BH5@ B5 5:9H=J=8589 9 H5A6`A B5 7C;B=][C HF5J`G 89@9 5 7F=5B]5 F95;9 7CFDCF5@A9BH9 5CG 9GHdAI@CG 9LH9F=CF9G 58CH5B8C DCGHIF5G CI 9LDF9GGh9G =GHC ` 5H=HI89G U 7CAC G9 5 9L7=H5][C DFCJC7585 9GD5@<5GG9 D9@C 7CFDC =ADF=A=B8C @<9 89H9FA=B585 :CFA5 9 7CBG=GHaB7=59F9GI@H5B8CBIA5=ADF9;B5][C D9F79DH=J5 DCF A9=C 85 EI5@ 5 7F=5B]5 J5= HCA5B8C 7CBG7=aB7=5 85G F95@=8589G 9LH9FB5G U DCF A9=C 89GH5 =ADF9;B5][C D9F79DH=J5 EI9 5 7F=5B]5 HCFB5 G9 75D5N 89 F9DFC8IN=F 89H9FA=B585 79B5 5DfG Ha @5 DF9G9B7=58C CI G9>5 =A=H5F =A=H5][C ` IA5 :CFA5 89 5H=J=8589 EI9 F9J9@5 89 A5B9=F5=B7CBH9GHYJ9@5GCF=;9BGACHCF5G8C 5HCA9BH5@ !?HNLI >?MM; C>?C; >? GIPCG?HNI =IGI ?RJL?MMmI >I J?HM;G?HNI 4;FFIH ;@CLG; KO? I CGCN;L IO I @;T?L >? =IHN; JI>? M?L ?RN?LCILCT;>I HOG JLCG?CLI GIG?HNI JIL GIPCG?HNIM KO? JI>?G MO<MNCNOCL I<D?NIM IO M?D; ?MM?M GIPCG?HNIMMmIA?MNIMMCG<tFC=IMKO?>mIILCA?G j L?JL?M?HN;nmI ? JIMN?LCILG?HN? j FCHAO;A?G @;F;>; , JLI=?MMI >; CHN?AL;nmI >; ;NCPC>;>? =IAHCNCP; =IG I GIPCG?HNI ? ; CHN?FCAqH=C; >; =LC;Hn;L?MOFN;GHI>?M?HPIFPCG?HNI>;;ONIHIGC; $;FPmI 4;FFIH =IHMC>?L; KO? I J?HM;G?HNI >; =LC;Hn; J?KO?H; Mt ;=IHN?=? H; CHN?L;nmI >? MO;M ;nv?M @rMC=;M =IG I ;G<C?HN? HN?M G?MGI >? @;F;L;=LC;Hn;M?=IGOHC=;=IGIG?CI;NL;PpM>? OG; FCHAO;A?G =ILJIL;F 4;FFIH ;JO> 0GIF? , =ILJI JILN;HNI p I ?CRI >? J?L=?JnmI ?RCMN?H=C;F p I ;A?HN? >I MOD?CNI H; J?L=?JnmI >I GOH>I KO? I ?HPIFP? 0GIF? 0GIF? J ;@CLG;KO? !CF=NCBH9GJBD >I@89N =ADCFHZB7=585J=89C;F5J5][C 9BEI5BHC=BGHFIA9BHC89F9;=GHFCD5F5CDFC:9GGCF8CD9BG5A9BHCA5H9AYH=7C 897F=5B]5GD9EI9B5G B[C <Y 9GD5]C EI9 G9 7CB:=;IF9 G9A 9BJC@J=A9BHC 8C 9GEI9A5 7CFDCF5@ 5GG=A 7CAC B[C <Y 7CFDC EI9 B[C G9>5 9GD5]C 9 EI9B[CC7ID9IA9GD5]C(9GD5]C`CA9=C D9@CEI5@C7CFDCDC89ACJ9F G9(7CFDC` C DCBHC 9A HCFBC 8C EI5@ G9 CF;5B=N5 C 9GD5]C d >?HNLI >?MN; J?LMJ?=NCP; >? >?M?HPIFPCG?HNI AFI<;F JLIJIMN; JIL 4;FFIH KO? ?HN?H>?GIM ; Pr>?IAL;P;nmI =IGI CHMNLOG?HNI @OH>;G?HN;F J;L; L?ACMNL;L ?MM? GIPCG?HNI >;M ;nv?M G?HN;CM ? =ILJIL;CM ,O M?D; ;NL;PpM >; PC>?IAL;P;nmI ? >? OG; JIMN?LCIL ;HkFCM? >IM Pr>?IMIJLI@?MMILN?G;JIMMC<CFC>;>?>?J?L=?<?L H;M ;nv?M =ILJIL;CM >;M =LC;Hn;M ;I CHN?L;ACL =IG G;N?LC;CM OG JIMMrP?F GIPCG?HNI >I J?HM;G?HNI ;=IHN?=?H>I ;Np G?MGI I J?HM;G?HNI KO? L?=IHB?=?GIM=IGIG;N?GkNC=I , OMI >? Pr>?IM H; J?MKOCM; ?G ?>O=;nmI P?G M?H>I NIG;>I =IGI CHMNLOG?HNI >? JLI>OnmI >?>;>IM=IGI;@CLG;GIM;ONIL?M ( Jd89C ` IA =ADCFH5BH9 9 :@9LdJ9@ =BGHFIA9BHCD5F57C@9H589=B:CFA5][CCF5@9 J=GI5@ @9 DC89 75DHIF5F 7CADCFH5A9BHCG J5@=CGCG 9 =BH9F5]h9G 7CAD@9L5G 9 D9FA=H9 5CG D9GEI=G58CF9G F99L5A=B5F 7CBH=BI5A9BH9 CG 858CG F?G?HN J @9 9GH9B89 9 5DF=ACF5 5G DCGG=6=@=8589G 85 D9GEI=G5 C6G9FJ57=CB5@ D9@5 75DHIF5 8C 89GJ9@5F ACA9BHC 5 ACA9BHC 89 BI5B79G GIH=G B5 :5@5 9 BC 7CADCFH5A9BHCB[C J9F65@ *;LNCHJ @9 GID9F5 5 @=A=H5][C <IA5B5 89 C6G9FJ5][C DCF G9F 75D5N 89 75DHIF5F B[C 5D9B5G nD5FH9 8C F9HF5HC =BH9;F5@o *;LNCH J 9 ` GID9F=CF XG BCH5G 8C C6G9FJ58CFIA5J9NEI9B[C9BJC@J998=][C 5IHCAYH=75 *;LNCH J -IQ?FF #L;H=CM=I*;B?LJ .O;H>I HIM L?@?LCGIM j G;N?GkNC=; J;L; ;M =LC;Hn;M J?KO?H;M =IHMC>?L;GIM OG; G;N?GkNC=; J;ON;>; H; L?MIFOnmI >? JLI<F?G;M "HN?H>?GIM =IGI JLI<F?G; MCNO;nv?M KO? J?LGCN;G KO?MNCIH;G?HNIM IO CHP?MNCA;nv?M ,O M?D; MmI MCNO;nv?M KO? J?LGCN?G ; JLIJIMCnmI ? I ?H@L?HN;G?HNI >? MCNO;nv?M JLI<F?G; KO? HmI JIMMO?G L?MIFOnmI ?PC>?HN? ? KO? ?RCA?G ; =IG<CH;nmI>?=IHB?=CG?HNIM?;>?=CMmI>?=IGI OMk FIM0GIF? ?!CHCT !? ;=IL>I =IG 0GIF? !CHCT ? lH>C>I J ;M MCNO;nv?M JLI<F?G;M JI>?G J;LNCL >? ;NCPC>;>?M JF;H?D;>;M DIAIM <LCH=;>?CL;M JLI<F?G;MHmI=IHP?H=CIH;CM?=IHP?H=CIH;CM !CF=NCBH9GJBD >I@89N >?M>? KO? ;JL?M?HN?G >?M;@CIM ? >?MJ?LN?G H; =LC;Hn; ; H?=?MMC>;>? IO I >?M?DI >? <OM=;L MIFOnv?M ; J;LNCL >IM L?=OLMIM KO? ?F; >CMJv? HI GIG?HNI .O;H>I HIM L?@?LCGIM jM =LC;Hn;M >? ; ;HIM H?=?MMCN;GIM =IHMC>?L;L KO? ;M MIFOnv?M JLIJIMN;M J?F;M =LC;Hn;M H?=?MMCN;G M?L ?RJ?LCG?HN;>;M L?;FCT;>;M PCP?H=C;>;M ? JLI<F?G;NCT;>;M;@CG>?>?M=I<LCLM?>?O=?LNIIO HmI)IL?HT;NI-ILN;HNI;JLI<F?G;NCT;nmI J;L; =LC;Hn;M NmI J?KO?H;M ;=IHN?=? HI HrP?F >; ;nmI JLCH=CJ;FG?HN? HIM GIG?HNIM KO? ?HPIFP?G ;nv?M =IH=L?N;M MI<L? IM I<D?NIM =LC;Hn; ;I CHN?L;ACL =IG IM I<D?NIM P;C ;IM JIO=IM NIG;H>I =IHM=CqH=C;>;M;nv?MBOG;H;ML?;FCT;>;M=IG?F?M ;MMOGCH>I OG =;LkN?L CHMNLOG?HN;F 3CAINMES J;LNCL >;M ;HkFCM?M >IM >;>IM >?M?HPIFPC>IM >OL;HN? ; J?MKOCM; JO>?GIM I<M?LP;L KO? ;M =LC;Hn;M J?KO?H;M ;I G;HCJOF;L I<D?NIM PmI =LC;H>I MCNO;nv?M JLI<F?G; ? L?MIFOnmIJ;L;?MM;MMCNO;nv?M;J;LNCL>;;nmI?>; ?RJ?LCG?HN;nmI "MM;M ;nv?M ? ?RJ?LCG?HN;nv?M JO>?L;GM?L?PC>?H=C;>;MJ?FIMPr>?IM>?=LC;Hn;M JLI>OTC>IM ? KO? M? NILH;L;G G;N?LC;F >? ;HkFCM? J?F;JLI@?MMIL; J?MKOCM;>IL; d H?MM?M?HNC>I KO? I OMI>; Pr>?IAL;P;nmI M? GIMNL; =IGI CHMNLOG?HNI >? L?ACMNLI >; ;nmI =IH=L?N; KO? >?GIHMNL; I GIPCG?HNI >I J?HM;G?HNI >; =LC;Hn; d H; Pr>?IAL;P;nmI KO? I JLI@?MMIL J?L=?<? ; JLI<F?G;NCT;nmI ;=IHN?=?H>I HIHrP?F>;;nmI 83A:?<>1??A<;?@;?91@;0;8W35/;? J?MKOCM;>?;<IL>;A?GKO;FCN;NCP;L?;FCTIO ;;HkFCM?=IGJ;LNCFB;>;>?;OF;M?HNL?;JLI@?MMIL; J?MKOCM;>IL; ; ILC?HN;>IL; ? OG; J;L=?CL; >? J?MKOCM; IONL; ;FOH; >? &HC=C;nmI C?HNC@C=; ?G KO? @IL;G >?M?HPIFPC>;M ;NCPC>;>?M >? J?L=?JnmI G;N?GkNC=;=IG=LC;Hn;M>?;;HIM?HPIFP?H>I =IHN?x>IM ? HInv?M >I NCJI AL;H>?J?KO?HI G;CILG?HIL =OLNI=IGJLC>I P;TCI=B?CI J?LNIFIHA? =;<?HmI =;<? ?N= "MM;M HInv?M ?MNmI JL?M?HN?M HIM M?AOCHN?M =;GJIM G;N?GkNC=IM ?MJ;=C;F KO? ;JIC;Lk I ?MNO>I >; A?IG?NLC; HOGpLC=IKO?;JIC;LkI?MNO>I>;;LCNGpNC=;?I >;M G?>C>;M KO? >?M?GJ?HB;Lk ; @OHnmI >? CHN?AL;L;A?IG?NLC;=IG;;LCNGpNC=; ,M >;>IM @IL;G JLI>OTC>IM ; J;LNCL >? L?ACMNLIM IL;CM ? =ILJIL;CM JLI>OTC>IM J?F;M =LC;Hn;M <?G =IGI >; PC>?IAL;P;nmI >? ;OF;M ? ;HkFCM? =IGJ;LNCFB;>; >?MM;M ;OF;M ?HNL? ; JLI@?MMIL; J?MKOCM;>IL; ; ILC?HN;>IL; >?MM; J?MKOCM; ? OG; =IF?A; KO? N;G<pG >?M?HPIFP?O &5F=5B5)9@@5H=9F=+9;=B5`@=5 F5B8C MO; J?MKOCM; H; kL?; >; *;N?GkNC=; H; ">O=;nmI &H@;HNCF -;L; N;HNI NIG;GIM =IGI L?@?LqH=C; J;LN? >IGI>?FI;H;FrNC=IJLIJIMNI?G-IQ?FF#L;H=CM=I ?*;B?LKO?=IHMCMN?H;I<M?LP;nmI;N?HN; >IM >;>IM >I Pr>?I >?M=LCnmI >IM >;>IM C>?HNC@C=;nmI >IM ?P?HNIM =LrNC=IM ? NL;HM=LCnmI , CHN?LP;FI >? N?GJI >? Pr>?I M? GIMNL; H?=?MMkLCI JICMJ?LGCN?KO?C>?HNC@CKO?GIMICHr=CI?NpLGCHI >? OG ?P?HNI <?G =IGI I N?GJI ?G KO? OG; >CM=OMMmI NL;HM=ILL?O }M >?M=LCnv?M =I>C@C=;>;M HI N?GJI J?LGCN?G N;G<pG ;I J?MKOCM;>IL FI=;FCT;LL;JC>;G?HN?PCHB?N;M??JCMt>CIM-IQ?FF #L;H=CM=I *;B?L J >?M=LCnmI JIMMC<CFCN;C>?HNC@C=;L;MCNO;nmII@;NII=ILLC>I?I M?O >?M?H=;>?;G?HNI }"MM?H=C;FG?HN? ;M >?M=LCnv?M ;DO>;G I J?MKOCM;>IL ; NILH;L M? G;CM @;GCFC;LCT;>I =IG I =IHDOHNI >? >;>IM >I KO? M? ;MMCMNCMM? ? IOPCMM? ;N?HN;G?HN? ;J?H;M ;M AL;P;nv?M ?G Pr>?I~ &>?G , J?MKOCM;>IL JI>? N?=?L=IG?HNkLCIMMI<L?IKO?I<M?LPIO;JL?M?HN;L CH>r=CIMBCJtN?M?M>?;HkFCM?;FpG>?C>?HNC@C=;L IM ?P?HNIM =LrNC=IM }2G ?P?HNI p =B;G;>I 7FdH=7C KO;H>I>?GIHMNL;OG;MCAHC@C=;NCP;IO=IHNL;MN;HN? GO>;Hn; ?G L?F;nmI ; OG; =IGJL??HMmI JLpPC; OG M;FNI =IH=?CNO;F ?G L?F;nmI ; OG; =IH=?JnmI ;HN?LCIL &>?G J "MM?M ?P?HNIM M?LmI ;JL?M?HN;>IM?G@ILG;>?=?H;M ?MJ;=C;F ?F;<IL;H>I =LCNpLCIM J;L; =F;MMC@C=;L ? M?LC;L I<D?NIM >?M?HPIFP?H>I HInv?M >? KO;HNC@C=;nmI ? J?L=?JnmI >? L?F;nv?M ?HNL? IM I<D?NIM /?;FCT;GIM ;NCPC>;>?M =IG ?MM? G;N?LC;F >OL;HN? NI>I I M?G?MNL? 1I>IM IM >C;M ; JLI@?MMIL; J?MKOCM;>IL;L?M?LP;P;OGN?GJIJ;L;; ?RJFIL;nmI >?MM?M G;N?LC;CM M =LC;Hn;M @C=;P;G FCPL?MJ;L;G;HCJOF;L??RJFIL;LIMI<D?NIM ?H; 3CHr=COM <LCH=;P; =IG ; =ILL?HN? ? OG =IH?>?FCHB; #CAOL;3CHr=COM=IFI=;;=ILL?HN?HI=IH? B501;3>-B-QO;/;9;<;??5.5850-0101/-<@A>-> A99;B591:@;0;<1:?-91:@;9-@19L@5/;0-? />5-:Q-? 1L;T?GIM J;L; HIMM; >CM=OMMmI >O;M ;NCPC>;>?M KO? @CT?L;G J;LN? >; J?MKOCM; J;L; CFOMNL;L;>CM=OMMmI;=?L=;>;CGJILNlH=C;>IOMI>I Pr>?I =IGIL?ACMNLI>IGIPCG?HNI>IJ?HM;G?HNI >;M=LC;Hn;MJ?KO?H;M JLCG?CL;;NCPC>;>?;JL?M?HN;>;@IC;}=;CR; >? MO=;N;M z ?RJFIL;H>I ;M L?F;nv?M FtAC=I ?MJ;=C;CM~ ,M G;N?LC;CM ONCFCT;>IM H?MN; ;NCPC>;>? @IL;G=;CR;=IGG;N?LC;CML?ONCFCTkP?CM<FI=IM>? ?H=;CR? <FI=IM >? ?GJCFB;L =;CR; >? <LCHKO?>IM >CP?LMIM I >CMNLC<OCL IM G;N?LC;CM MIFC=CN?C KO? ;M =LC;Hn;M ?RJFIL;MM?G ;M JLIJLC?>;>?M ? JIMMC<CFC>;>?M>IMG;N?LC;CMNO>IGOCNIjPIHN;>? -;LNCGIM >I JL?MMOJIMNI >? KO? ;FAOHM =IHN?x>IM G;N?GkNC=IM JI>?LC;G ?MN;L JL?M?HN?M ?HKO;HNI IM ;FOHIM?RJFIL;P;GN;CMI<D?NIM?MO;M;nv?M@IMM?G JLI<F?G;NCT;>;M FAOHM >?MM?M =IHN?x>IM MmI L?F;nmI ?MJ;=C;F ?RJFIL;nmI >? ?MJ;nI @ILG;M ? JLIJLC?>;>?M=IH=?CNIM>?>?HNLI@IL;?G=CG;?G <;CRI ;<?LNI@?=B;>I =F;MMC@C=;nmI M?LC;nmI ? KO;HNC@C=;nmI +IMMI I<D?NCPI ;I JLIJIL ?MN; ;NCPC>;>? ?L; @;T?L=IGKO?;=LC;Hn;>?M?HPIFP?MM?;J?L=?JnmI #CAOL;=ILL?HN??M=;J; !?M=LCnmI!?MN;KO?;IM?P?HNIM=LrNC=IM "F? =IFI=;P; ; =ILL?HN? JIL OG F;>I >I =IH? ILC@r=CI G;CIL?I<M?LP;P;;=ILL?HN?=;CLJ?FIF;>IIJIMNI ILC@r=CIG?HIL/?J?NCO?MM;;nmIJIL>O;MP?T?M IGI ; =ILL?HN? HmI @C=;P; >?HNLI >I =IH? @C=IO CLLCN;>I??MJ?LH?IO)?PIOI=IH?;Np;<I=;?;I G?MGI N?GJI =IFI=IO ; =ILL?HN? >?HNLI >I =IH? *?MGI;MMCG;=ILL?HN?=;CO"HNmI;JICIOI=IH? MI<L? ; J?LH; ? =IFI=IO ; =ILL?HN? HIP;G?HN? >?HNLI!?MN;P?T;=ILL?HN?HmI=;CO"F?I<M?LPIO ;I L?>IL >I =IH? ? HmI ;=BIO ; =ILL?HN? ?HNmI F?P;HNIO=IG=OC>;>II=IH??;=ILL?HN?=IG?nIO ;=;CLJ?FI<OL;=IG?HIL1?HNIO=IFI=;L;=ILL?HN? >?PIFN;G;MHmI=IHM?AOCO;=ILL?HN??M=ILL?O? M;CONI>;>I=IH?#C=IOGOCNICLLCN;>I??MJ?LH?IO !CF=NCBH9GJBD >I@89N =ADCFHZB7=585J=89C;F5J5][C 9BEI5BHC=BGHFIA9BHC89F9;=GHFCD5F5CDFC:9GGCF8CD9BG5A9BHCA5H9AYH=7C 897F=5B]5GD9EI9B5G !?=C>CO?HNmINLI=;LI=IH?KO??L;P?LG?FBIJIL OG ;TOF G;M I JLI<F?G; J?LG;H?=?O "HNmI J?AIO I =IH? ;TOF ? G;CM OG ;G;L?FI ? ?H=;CRIO =IGI=IH?P?LG?FBI2M;H>IIMNLqM=IH?MN?HNIO HIP;G?HN? =IFI=;L ; =ILL?HN? ? G;CM OG; P?T ?F; =;CO +; xFNCG; N?HN;NCP; =IFI=IO ; GmI MI< IM =IH?M N;GJ;H>I I ILC@r=CI G?HIL ? =IFI=IO ; =ILL?HN?=IG;IONL;GmI!?MN;P?T;=ILL?HN?HmI =;CO ? ?F? JI>? ;ACN;L IM =IH?M J;L; @;T?L <;LOFBI M?G >?LLO<;L ; =ILL?HN? 3CHr=COM GI>C@C=IO ; ?MNLONOL;>II<D?NIJ;L;;N?H>?LM?O>?M?DI -;L; ?MM; MCNO;nmI NL;HM=LCN; ;M HIMM;M CHN?LP?Hnv?M M? FCGCN;L;G ; KO?MNv?M ;IM ;FOHIM MI<L?KO;FIM?O>?M?DI?IKO??MN;P;;=IHN?=?H>I 3CHC=COM L?J?NC; ; ;nmI <OM=;H>I A;L;HNCL ; =IFI=;nmI>;=ILL?HN?>?HNLI>I=IH? HkFCM? , KO? ;JL?H>?GIM =IG 3CHr=COM -I>?GIM I<M?LP;L KO? 3CHr=COM F?P;HN; BCJtN?M?M >? KO? JLIP;P?FG?HN? =IG IONLI =IH? N?LC; IONLI L?MOFN;>I>?MJL?T;H>I;KO?F?I<D?NICH>Ij<OM=; >I I<D?NI >? G?MG; @ILG; "F? GIPCG?HN; @CMC=;G?HN? I I<D?NI ? ;I G?MGI N?GJI GIPCG?HN; M?O J?HM;G?HNI JIL KO?MNv?M KO? ?HPIFP?GG9 7CA 5EI9@9 C6>9HC B[C ` DCGGdJ9@ 7C@C75F 5 7CFF9BH9 89BHFC9BH[C 7CA CIHFC A9GACEI9G9A9@<5BH9DC89G9FEI9G9>5DCGGdJ9@ =IH=FOMmI >I L;=CI=rHCI P?G JIL OG };=;MI~ I =IH?MI<L?;J?LH;G;MKO?3CHr=COM?MNk;N?HNI;I ;=IHN?=C>I I<M?LP; ; @ILG; ? L?JLI>OT ; ;nmI >? IONL;@ILG;=IFI=;H>I;GmI?G<;CRI NL;PpM >; ;HkFCM? >I Pr>?I I<M?LP;GIM =F;L;G?HN?;MBCJtN?M?MF?P;HN;>;MJIL3CHr=COM 0?Lk KO? ;KO?F? =IH? P?LG?FBI M?LC; >C@?L?HN?>I;TOF 0?Lk KO? =IFI=;H>I OG MI<L? I IONLI ?PCN;LC;KO?;=ILL?HN?=;rMM? , KO? @?T =IG KO? HI GIG?HNI KO? I =IH?@IC=IFI=;>IH;J?LH;;=ILL?HN?HmI NCP?MM?=;r>I ?RJ?LCqH=C;=IGNI>;M?MM;MN?HN;NCP;M@?T =IGKO?3CHr=COM=IH=FOrMM?KO?=IFI=;H>I;GmI ?G<;CRI ?PCN;LC; KO? ; =ILL?HN? =;rMM? ? >?MM; @ILG; L?MIFP?LC; I JLI<F?G; =LC;>I H; MCGJF?M ?RJFIL;nmI >I I<D?NI ? GINCP;>I J?FI >?M?DI >? L?;FCT;LOG;;nmI3CHr=COM?RJFIL;II<D?NI}=IH?~ ?G MO;M >C@?L?HN?M JIMCnv?M <OM=; CH>r=CIM H; @ILG; ? HI GIPCG?HNI >I I<D?NI KO? JIMMC<CFCN?G ?PCN;L;M;r>;>;=ILL?HN? =LC;Hn;?MNkJ?HM;H>IG;N?G;NC=;G?HN?;I L?MIFP?L IM JLI<F?G;M ; J;LNCL >; G;HCJOF;nmI >IM I<D?NIM ? J?FI >?M?DI >? =IHM?AOCL ;FAOG; =ICM; =IGII>?M?DI>?=IFI=;L;=ILL?HN?>?HNLI>I=IH? )?IHNC?P NL;PpM >; ?RJ?LCqH=C; ;M =LC;Hn;MPmIM?;JLIJLC;H>I>?OG; @ILG;>? !CF=NCBH9GJBD >I@89N <OM=;L >CP?LMC@C=;L =;GCHBIM ?RJ?LCG?HN;L I<M?LP;LIML?MOFN;>IML?;FCT;LHIP;MN?HN;NCP;M "HN?H>?GIM KO? ;M =LC;Hn;M ?MNmI ?G }?RJ?LCqH=C;~ HI M?HNC>I JLIJIMNI JIL );LLLIM; J ?G KO? ; ?RJ?LCqH=C; p ;KOCFI KO? HIM J;MM; I KO? HIM ;=IHN?=? I KO? HIM NI=; ? JIMMCP?FG?HN?HIMNL;HM@ILG;1I>IMIM>C;MGOCN;M =ICM;MHIM;=IHN?=?GJ;MM;GIMJILGOCN;M=ICM;M G;M ;J?H;M ;KO?F;M KO? HIM =IFI=;G HOG GIPCG?HNI>?J?HM;G?HNIMIG?HN?;KO?F;KO?HIM GI<CFCT; HIM GI>C@C=; ? HIM >?CR; ;FAI JI>? M?L =B;G;>;?@?NCP;G?HN?>??RJ?LCqH=C; 0?AOH>I );LLIM; J J;L; ?HN?H>?LGIM I KO? p ; ?RJ?LCqH=C; JL?=CM;GIM =IHMC>?L;LKO? IF5BH9G`7I@CGCG569F<IA5BC<5J=5G=8C 9BH9B8=8C 7CAC IA DYH<9= AYH<CG 7CAC IA5 5DF9B8=N5;9A BC 9 D9@C D58979F BC 9 DCF5EI=@CEI9BCG57CBH979GH9`CG569F 85 9LD9F=aB7=5 C EI9 G9 58EI=F9 BC AC8C 7CAC5@;I`AJ5=F9GDCB89B8C5CEI9J5=@<9 57CBH979B8C 5C @CB;C 85 J=85 9 BC AC8C 7CAC J5ACG 85B8C G9BH=8C 5C 57CBH979F 8C EI9BCG57CBH979 d >?MM? M;<?L >; ?RJ?LCqH=C; ; KO? HIM L?@?LCGIM KO;H>I ;@CLG;GIM KO? ;NL;PpM >; ?RJ?LCG?HN;nmI >; G;HCJOF;nmI =IH=L?N; >IM I<D?NIM?>I>?M?DI>?L?MIFP?LOG>;>IJLI<F?G;; =LC;Hn; P;C M? ;JLIJLC;H>I >I =IHB?=CG?HNI G;N?GkNC=IdH?MM?GIPCG?HNI>;?RJ?LCG?HN;nmI KO? ?F;P;C;NLC<OCH>IM?HNC>IjM;nv?ML?;FCT;>;M "HN?H>?GIM KO? ?MM; ;HkFCM? Mt @IC JIMMrP?F ;NL;PpM >; PC>?IAL;P;nmI 3CHr=COM HmI ?RJL?MM; P?L<;FG?HN? I KO? ?MNk J?HM;H>I ?G H?HBOG GIG?HNI>;;NCPC>;>?JILpGIGIPCG?HNI>IM?O J?HM;G?HNI @C=; ?PC>?HN? H; MO; CHN?L;nmI =IG IM I<D?NIM !?MM; @ILG; JI>?GIM >CT?L KO? I Pr>?I JIMMC<CFCNIO ;=IGJ;HB;L I GIPCG?HNI >I J?HM;G?HNI>?3CHr=COM?;=IGJ;HBk FIJILPkLC;M P?T?M ; =;>; GIG?HNI KO? r;GIM ? PIFNkP;GIM ; AL;P;nmI , Pr>?I H?MM; ;NCPC>;>? M? NILHIO I CHMNLOG?HNIJLCH=CJ;F>?L?ACMNLIJ;L;;J?MKOCM; M?AOH>;N;L?@;JLIJIMN;@IC}.O;FIM;<IL >; FO;~ 1rHB;GIM =IGI I<D?NCPI >?M?HPIFP?L HInv?M >? G?>C>; ? L?MIFOnmI >? JLI<F?G;M -;L; ?MM;;NCPC>;>?@ICONCFCT;>;OG;BCMNtLC;=IGIJIHNI >?J;LNC>;MCG;A?HM>IFCPLI@IL;GJLID?N;>;MH; J;L?>?>;M;F;=IGI;ORrFCI>?OG>;N;MBIQIKO? JLIJIL=CIHIOjM=LC;Hn;MKO??F;MCHN?L;ACMM?G=IG ; BCMNtLC; J;L; MIFO=CIH;L IM JLI<F?G;M JLIJIMNIM BCMNtLC;@IC;>;JN;>;J;L;;@;CR;?NkLC;?@C=IO>; M?AOCHN?@ILG; &5F=5B5)9@@5H=9F=+9;=B5`@=5 F5B8C 5B>;]$A-8;?-.;> 0-8A-^01 5/4-18 ?=IHN?CHIP;G?HN?;BCMNtLC;M=LC;Hn;MIOPCL;G ;N?HN;G?HN? !?JICM KO? N?LGCH?C ; BCMNtLC; =IFIKO?C;M?AOCHN?CG;A?GH;J;L?>? >16:51/05@;>>5:=A1;;7 "L; OG; P?T OG; FO; GOCNI AL;H>? .O? @C=;P;FkHI=pO"IM<C=BIM>;@FIL?MN;NCHB;GOG JLI<F?G;"F?MKO?LC;GM;<?LKO?AIMNINCHB;;FO; "HNmI?F?MNCP?L;GOG;C>pC;N;LN;LOA;MO<COI GILLIFkHI;FNIJL;N?HN;L;F=;Hn;L;FO;.O;H>I ?F;=B?AIOFk?G=CG;"F;?MNC=IOIJ?M=InIG;M HmI=IHM?AOCO;F=;Hn;LrI?F?@;HN?P?CI;DO>;L? MO<CO H;M =IMN;M >; N;LN;LOA; ?MNC=IO ; NLIG<; Fk ?G =CG; G;M N;G<pG HmI =IHM?AOCO ;F=;Hn;L !?JICM P?CI ; ACL;@; ACL;@; N?G I J?M=InI <?G =IGJLC>I G;M G?MGI ;MMCG ?F; HmI ;F=;HnIO !?JICM P?CI ; T?<L;"F; MO<CO ?G =CG; >; ACL;@; G;MN;G<pGHmI;F=;HnIO;FO;"MN;P;GOCNI;FN; , F?mI N;G<pG N?HNIO G;M HmI =IHM?AOCO L;JIM;?MNC=IO?MNC=IOG;MN;G<pGHmI;F=;HnIO "IG;=;KOCHBI=ICN;>CHBI#C=IOH;JIHN;>IJp G;MN;G<pGHmI=IHM?AOCO "HNmI P?CI I L;NCHBI FO; J?HMIO KO? ?F? ?L; GOCNI J?KO?HCHBI ? JIL CMMI HmI C; ;F=;Hn;L *;M?F?;F=;HnIO!?OOG;GIL>C>;H;FO;HB;= " ?RJ?LCG?HNIO OG J?>;=CHBI %OG .O? AIMNI M?Lk KO? N?G B?CG ,FB; Fk I L;NCHBI >?O OG J?>;=CHBI >; FO; J;L; =;>; <C=BCHBI " IFB; I N;G;HBIKO?;FO;@C=IO"F;;CH>;?MNkAL;H>? -;L; L?;FCT;L ?MM; ;NCPC>;>? @IC H?=?MMkLCI I FCPLI }.O;F I M;<IL >; )O;~ >;N;MBIQ =IGJON;>IL G;N?LC;CM KO? ;M =LC;Hn;M JO>?MM?G OM;L J;L; MO<CL =;>?CL;M ;FGI@;>;M =IF=BIH?N?M ?N= MIFC=CN;nmI @?CN; jM =LC;Hn;M ?L; KO? ?F;M ;F=;Hn;MM?G;FO;KO?M?LC;JLID?N;>;H;J;L?>?>; M;F; %IOP? I =OC>;>I J;L; KO? ; FO; ?MNCP?MM? ; OG; ;FNOL; ?G KO? ;M =LC;Hn;M HmI JO>?MM?G ;F=;Hnk F; @;=CFG?HN? CHN?HnmI >?MM; ;NCPC>;>? @IC JIMMC<CFCN;L MCNO;nv?M H;M KO;CM ;M =LC;Hn;M JO>?MM?G ?F;<IL;L ?MNL;NpAC;M J;L; L?MIFP?L JLI<F?G;M ? >?M?HPIFP?L HInv?M >? G?>C>; ;FNI<;CRI ;F=;Hn;HmI ;F=;Hn; IHMC>?L;GIM CGJILN;HN? L?MM;FN;L ; =IHNLC<OCnmI >; N?=HIFIAC; J;L; ;M JLkNC=;M H; ">O=;nmI &H@;HNCF M?G ; KO;F HmIM?LC;JIMMrP?FL?;FCT;L?MM;;NCPC>;>? !?M=LCnmI=?H; -;L;?MN;;NCPC>;>?=IJC?C ;MCG;A?HM>IFCPLI?GIHN?COG;;JL?M?HN;nmI>? -IQ?L-ICHN;JL?M?HN;nmI@ICJLID?N;>;H;J;L?>? >;M;F;,LA;HCT?C;M=LC;Hn;M?G@L?HN?jJLID?nmI FO;~ #CAOL;&G;A?G>IFCPLI}.O;FIM;<IL>; "MM; CG;A?G ?MN;P; ; OG; ;FNOL; KO? ;M =LC;Hn;M HmI JI>C;G ;F=;Hn;L "HNmI F;H=?C I JLI<F?G;.O?GM?LkKO?=IHM?AO?;F=;Hn;L;FO; IGIP;GIM@;T?LJ;L;=IHM?AOCL;F=;Hn;L ;FO; - *I9A7CBG9;I95@75B]5F5@I5 'ImI' I - /5= @Y #C[C Ja G9 JC7a 7CBG9;I9 ,9FY EI9JC7a5@75B]5 'ImI@IC;Np;JLID?nmI?MNC=IOI<L;nI?HmI ;F=;HnIO-?LAOHN?C;?F? - /C7a5@75B]CI#C[C ' '[C - CACJ5ACG:5N9FD5F57CBG9;I=F ?;NLCT I +?MM?GIG?HNI3C=NILDk?MN;P;FkH;J;L?>? N?HN;H>I;F=;Hn;L;FO;-?LAOHN?C;?F? - /C7a7CBG9;I9/=7HCF 3C=NIL3C '[C *;LDILC? =ILL? ;Np ; J;L?>? ? JOF; H; @L?HN? >; JLID?nmI =B?A; ;Np ; =;CL HI =BmI ?;NLCT N;G<pGP;C-?LAOHN?Ck*;LDILC? /C7a7CBG9;I9 *;M ?F; HmI L?MJIH>?O =IHNCHOIO JOF;H>I ;LIFCH; N;G<pG @IC ;Np Fk ? ?MNC=IO I <L;nI J;L; N?HN;L ;F=;Hn;L G;M H;>; "HNmI J?LAOHN?C 5;CF57CACJ5ACG:5N9FD5F57CBG9;I=F5@75B]5F 5@I5/5=/=Bd7=IGJ5= =I@=5 J5= =;= M=LC;Hn;M=ILL?L;GJ;L;;J;L?>??@C=;L;G JOF;H>I?Gj@L?HN?>;JLID?nmIN?HN;H>I;F=;Hn;L ;FO;.O;H>IJ?L=?<CKO?JOF;LH;@L?HN?>;J;L?>? J;MMIO;M?L;<LCH=;>?CL;J?LAOHN?C - (EI9DF97=G5ACG:5N9FD5F55@75B]5F 99G7585 - 99G7585 U !CF=NCBH9GJBD >I@89N =ADCFHZB7=585J=89C;F5J5][C 9BEI5BHC=BGHFIA9BHC89F9;=GHFCD5F5CDFC:9GGCF8CD9BG5A9BHCA5H9AYH=7C 897F=5B]5GD9EI9B5G - &5GB[CH9A9G75855EI=5;CF5 C;PIFNIO=ILL?H>IJ;L;;J;L?>? ,I6= - CAC:5ND5F5GI6=F C;?'ImI=IG?n;L;G;JOF;L?>CT?Lft "HNmIJ?LAOHN?C IGIIL;NCHBI@?TJ;L;;F=;Hn;L ; FO; M =LC;Hn;M CAHIL;L;G ; J?LAOHN; ? =IHNCHO;L;GJOF;H>I,I<D?NCPI>?MM;J?LAOHN;?L; KO??F?MJ?L=?<?MM?GKO?JI>?LC;GMO<CLH;M=IMN;M >I =IF?A; *;M ?F?M HmI J?HM;L;G HCMMI .O;H>I @;F;GIM ?G JLI<F?G;NCT;nmI H; ">O=;nmI &H@;HNCF >?P?GIM ?MN;L ;N?HNIM jM J?LAOHN;M KO? @;T?GIM .O;H>I ; J?LAOHN; HmI @;T M?HNC>I ?F?M CAHIL;G KOCFI KO? HmI A?L; =IH@FCNI HmI J;MM; ; M?L OG JLI<F?G; J;L; ?F?M IO OG; ;NCPC>;>? ; M?L >?M?HPIFPC>; +?G M?GJL? OG; N;L?@; IO OG; J?LAOHN;J;MM;;M?LOGJLI<F?G;KO?H?=?MMCN;M?L L?MIFPC>I !?CR?C J?F; M;F; ;FAOHM G;N?LC;CM =IGI =;>?CL;;FGI@;>;=IF=BIH?N?M=LC;Hn;MN?HN;L;G >? >CP?LM;M @ILG;M F?P;HN;L;G BCJtN?M?M ? H;M MCNO;nv?M KO? ?O J?L=?<C; KO? HmI =IHM?AOC;G ;P;Hn;L?O@;TC;;CHN?LP?HnmI "O=IHNCHO?CJ?LAOHN;H>I - =5 DC89 G9F CIHF5 7C=G5 G9 B[C H=J9F 9G7585 U - (EI9DC89G9F C; IFB; J?F; M;F; JLI=OL;H>I IONL; =ICM; *;LDILC? ? 3C=NIL PmI ;Np ; =;>?CL; >I IONLI F;>I >; M;F; *;LDILC? @C=IO IFB;H>I ; =;>?CL; ? 3C=NIL M?HNIO-?LAOHN?C - &5F>CF=9 JC7a 7CBG9;I9 5@75B]5F5 @I5 85d * B[C - /C7a 5@75B]5 /=7HCF CAC J5ACG :5N9F D5F55@75B]5F5@I5 ' I75B]C 83IFNIO;JOF;L9 - @75B]CI#C[C ' IB[C7CBG9;I= - /=7HCF89G79857589=F5,9FYEI95;9BH9 DC89D9;5F5@;IA57C=G5 U - (EI9 ' @I5 - (EI95 ;9BH9DC89D9;5FD5F55@75B]5F5 @I5 1CL?C3C=NIL>;=;>?CL;?@CKO?C;IF;>IJ;L; P?LM?=B;G;P;;;N?HnmIJ;L;;=;>?CL;"MM?pOG NCJI >? CHN?LP?HnmI =ILJIL;F , G?O JIMC=CIH;G?HNIH;M;F;>?;OF;JLtRCG;j=;>?CL; !CF=NCBH9GJBD >I@89N ?L; J;L; KO? ?F?M JO>?MM?G J?L=?<?L IM IONLIM I<D?NIM >; M;F; "G M?AOC>; ?O >CMM? ,9FY EI9 8Y D5F5GI6=F9A5@;IA57C=G5 M=LC;Hn;M=IHNCHO;L;GJOF;H>I"OJ?LAOHN?C - G9D9;5F9GG57589=F5G9FYEI9 5@75B]5 @75B]5 ' U M KO?MNv?M >I NCJI }? M?~ JIMMC<CFCN;G ; GI<CFCT;nmI>IJ?HM;G?HNIG;N?GkNC=I'ImIJ?A; ; =;>?CL; "O ;DO>?C ; F?P;HN;L ; =;>?CL; *;LDILC? P?CI ;DO>;L N;G<pG ,M >ICM =IG I G?O ;ORrFCI F?P;L;G ; =;>?CL; ;Np ; JLID?nmI *;LDILC? MO<CO ?MNC=IOI<L;nI?;F=;HnIO - @75B]CI *;LDILC?* ,=A - CBG9;I=ID9;5F&5F>CF=9 *0CG ;C@59I 1I>;M ;M =LC;Hn;M MO<CL;G ? NI=;L;G H; FO; L?JL?M?HN;>; J?F; JLID?nmI G?HIM I 3CHr=COM "F? HmIKOCMJ;LNC=CJ;L>;;NCPC>;>? - 5;CF5G99IH=F5F57589=F5G9FYEI9 5@;I`A7CBG9;I9D9;5FG9A57589=F5 - -9A CIHF5 7C=G5 ,9FY EI9 7CA 5 5@AC:5858Y79FHC C; J?AIO ; ;FGI@;>; =IFI=IO ;I F;>I >; JLID?nmIMO<CO?>CMM? '[C7CBG=;C 'ImI NLIOMM? G;CM OG; ;FGI@;>; ? =IFI=IO ;IF;>I>;>??;NLCT"HNmIJ?LAOHN?C 9G97C@C75F A5=GIA5 IFI=;;M>O;M ?;NLCT =IFI=; ; MO; ?G =CG; >; >I 'ImI ?;NLCT;D?CN;;M;FGI@;>;M.O;H>I'ImIP;CMO<CL ?F?>CT '[C75B]5 - -9AEI9DCFA5=GD9FHC ,M >ICM ?GJOLL;G ;M ;FGI@;>;M J;L; J?LNI >;JLID?nmI"HKO;HNI'ImI?GJOLL;C;IFB;J;L; =CG; ? >CT EI=EI= ?;NLCT N?HN; MO<CL H; ;FGI@;>; G;M ; ;FGI@;>; =;C "HNmI PIO ;DO>;L !?C;GmIJ;L;?F;MO<CL - GG=AJC7a7CBG9;I9=5 ,=A 1I>IMMO<CL;GH;;FGI@;>;?;F=;Hn;L;G - ;CF5J5ACGG9BH5FB5EI99IJCI85FIA D9857=B<C 85 @I5 D5F5 7585 IA &5F=5B5)9@@5H=9F=+9;=B5`@=5 F5B8C 9LD9F=A9BH5F 8>?C OG J?>;=CHBI >? KO?CDI J;L;=;>;OG9 - *I9;CGHCH9A5@I5 ' )=DC75 * &CF5B;C 3 *I9=>=B<C HkFCM? !OL;HN? ; ;NCPC>;>? @IC JIMMrP?F I<M?LP;L;FAOG;MHInv?MM?H>I=IHMNLOr>;M=IGI; HInmI >? ?MNCG;NCP; >? ;FNOL; &HN?L;ACH>I I =ILJI =IG ;CG;A?GJLID?N;>;;M=LC;Hn;MONCFCT;L;GIM L?=OLMIM KO? Dk JIMMOr;G J;L; ;F=;Hn;L =IGI ?MNC=;L ;M J?LH;M ? IM <L;nIM ? JOF;L "G M?AOC>; ;IM?L?GKO?MNCIH;>;ML?F;=CIH;L;G;?M=;>;=IG; C>?C;>?MO<CL*;CM;>C;HN?=B?A;L;G;J?HM;LH; =;>?CL;=IGI CHMNLOG?HNIJ;L;L?MIFP?LIJLI<F?G; JILpGHmINCP?L;G;C>?C;>?GIPCG?HN;L;=;>?CL; ;HN?M >; CHN?LP?HnmI .O;H>I NCL;L;G ; =;>?CL; >? FOA;L J?L=?<?L;G KO? JI>?LC;G GI>C@C=;L I ?MJ;nI GO>;H>I ; >CMJIMCnmI >IM I<D?NIM J;L; MIFO=CIH;LIJLI<F?G;.O;H>I @ICNCL;>I;=;>?CL; >; M;F; ? MOA?LC OG; HIP; L?MIFOnmI J;L; I JLI<F?G; ;M =LC;Hn;M Dk J?L=?<?L;G KO? JL?=CM;LC;G GIPCG?HN;L ; ;FGI@;>; J;L; J?LNI >; JLID?nmI JILN;HNI JI>?GIM >CT?L KO? ?F;M M? ;JLIJLC;L;G >; ?RJ?LCqH=C; ;HN?LCIL ? OM;L;G ?MM? M;<?L J;L; L?MIFP?L OG JLI<F?G; M?G?FB;HN? -?L=?<?L;G N;G<pG KO? ;HN?M >? MO<CL H; ;FGI@;>; HmI ;F=;Hn;LC;G JILN;HNI =IHM?AOCL;G ;HN?=CJ;L I L?MOFN;>I >; ;nmI "MM; ;NCPC>;>? ?HPIFP?O;?RJ?LCG?HN;nmI 1?HN;L JOF;LHmI =IHM?AOCL ? CH=?HNCP;L KO? IONLIM =IF?A;M G;CIL?M >I KO? ?F?M N;G<pG N?HN;MM?G ?PC>?H=C;G =IGI ; HInmI >I KO? p G;CILG;CM;FNIP;CM?H>I=IHMNLOr>;MI=C;FG?HN? MMCG ; =LC;Hn; L?=IHB?=? KO? I =IF?A; JI>? L?MIFP?L I JLI<F?G; JILKO? ?F? N?G ;FAI KO? ?F; HmI N?G IO M?D; OG; ;FNOL; G;CIL .O;H>I ;M =LC;Hn;M J;L;G >? N?HN;L J?F; ?RJ?LCG?HN;nmI ? J;MM;G ; JLI=OL;L IONLIM I<D?NIM KO? A;L;HN;G I M?O ;F=;H=? ?M=;>;M =;>?CL;M ?N= "MN?M MmI J?HM;>IM =IGI ;H>;CG?M =IGI CHMNLOG?HNIM >? L?MIFOnmI >? JLI<F?G;M *;M =IIL>?H;L ;M >C@?L?HN?M;nv?M =IGI;JLIRCG;L;=;>?CL;MO<CL? ;F=;Hn;L;FO;;CH>;?RCAC;OG;M?KOqH=C;>?;nv?M OG JIO=I =IGJF?R;M J;L; ?F?M MMCG JL?@?LC;G MO<CLH;=;>?CL;?N?HN;L;NCHACL;FO;G?MGIKO?; =;>?CL;?MNCP?MM?>CMN;HN?>;CG;A?G/?MIFP?L?MM? JLI<F?G; KO? JIL M?L =IF?NCPI >?J?H>? N;G<pG >? =IHP?H=?L IM =IF?A;M >? KO? N?HB; ?H=IHNL;>I OG; MIFOnmI <OM=;H>I ;LAOG?HNIM KO? MOMN?HN;MM?G }<IHCN?T;~ HI M?HNC>I @L?CL?;HI >; =?H; @CH;F HIM =IHP?H=? ; L?MJ?CNI >I KO;HNI ;KO?F; ;NCPC>;>? ;CH>; ?L; OG DIAI MCG<tFC=I~.O?AIMNIN?G;FO;KO?CDCHBI +?MM; ;NCPC>;>? ;FpG >I OMI >I >;N;MBIQ KO? JIMMC<CFCNIO OG; CHN?L;nmI @rMC=; ? ;I G?MGI N?GJI MCG<tFC=; >;M =LC;Hn;M =IG I JLI<F?G; JLIJIMNI NCP?GIM I Pr>?I =IGI L?=OLMI J;L; L?ACMNL;L I GIPCG?HNI >? J?HM;G?HNI M?H>I GI<CFCT;>I =IGI H; ;NCPC>;>?;HN?LCIL -ILpG Bk OG>C@?L?H=C;FKO?pIL?ACMNLI>;@;F;KO?;J;L?=? H?MM; ;NCPC>;>? CG<LC=;>; ;I GIPCG?HNI +?MM? =;MI I Pr>?I HmI ;J?H;M L?ACMNL; IM GIPCG?HNIM G;MN;G<pG;M@;F;M>;M=LC;Hn;M #-8-B>-?5:-5? +?MM; J?MKOCM; Mt @IC JIMMrP?F L?ACMNL;L IM GIPCG?HNIM >? >?M?HPIFPCG?HNI >I J?HM;G?HNI G;N?GkNC=I ;NL;PpM >I L?ACMNLI ?G Pr>?I M =LC;Hn;M KO? @CT?L;G J;LN? >; J?MKOCM; HmI JIMMOr;G ;CH>; ; @;F; >?M?HPIFPC>; JILN;HNI IM GIG?HNIM>?JLI>OnmI>IJ?HM;G?HNI G;N?GkNC=I ?GGOCNIM=;MIM@IC;J?H;M=ILJIL;F!?MM;@ILG; M?G ; Pr>?IAL;P;nmI HmI M?LC; JIMMrP?F I L?ACMNLI H?G OG; JIMN?LCIL ;HkFCM? >; JLkNC=; J?F; JLI@?MMIL; J?MKOCM;>IL; ILC?HN;>IL; ? J;L=?CL; >? J?MKOCM; !OL;HN?;M;NCPC>;>?M@ICJIMMrP?FI<M?LP;L? L?ACMNL;L ;NL;PpM >; Pr>?IAL;P;nmI MCNO;nv?M KO? ?HPIFP?L;G ; J?L=?JnmI ?MJ;=C;F >I I<D?NI ?RJFIL;nmI >? MO;M JLIJLC?>;>?M JIMMC<CFC>;>?M =;L;=N?LrMNC=;M ? >C@?L?HN?MOMIM ; L?F;nmI ?HNL? IM I<D?NIM ? ?HNL? ; =LC;Hn; ? I I<D?NI ,<M?LP;GIM N;G<pG KO? Bk ; JIMMC<CFC>;>? >? J?L=?<?L I GIPCG?HNI >? J?HM;G?HNI G?MGI KO;H>I ;M =LC;Hn;M HmI M? ?RJL?MM;G IL;FG?HN? ;NL;PpM >;M ;HkFCM?M>?MM?MPr>?IM J;LNCL >; ;HkFCM? >IM >;>IM >I Pr>?I @IC JIMMrP?F I<M?LP;L PkLCIM ;MJ?=NIM KO? M? ?PC>?H=C;L;G =IGI @OH>;G?HN;CM >? M?L?G =IHMC>?L;>IM KO;HNI ;I >?M?HPIFPCG?HNI >; J?L=?JnmI G;N?GkNC=; ? ; JLI>OnmI >? J?MKOCM;M =IG=LC;Hn;M>?MM;@;CR;?NkLC; !?MN;=; M? ; CGJILNlH=C; >I OMI >I Pr>?I =IGI L?ACMNLI N;G<pG J;L; KO? ; =LC;Hn; L?=IHB?=?MM?;MMO;M;nv?MMI<L?IMI<D?NIM?GKO? ?F;G;HCJOFIO?JLI>OTCMM?HIPIMMCAHC@C=;>IM<?G =IGI OG CGJILN;HN? CHMNLOG?HNI >? I<M?LP;nmI ;P;FC;nmI ? L? MCAHC@C=;nmI J;L; ; JLkNC=; >; JLI@?MMIL; J?MKOCM;>IL; =L?>CN;GIM KO? OG >IM ;MJ?=NIM KO? M?D; G;CM L?F?P;HN? H?MM? ;LNCAI p KO? ; JLI>OnmI ?G Pr>?I >;M ;nv?M >?MM;M =LC;Hn;M <?G =IGI ; ;HkFCM? =IGJ;LNCFB;>; >?MM?M Pr>?IM MmI CHMNLOG?HNIM @OH>;G?HN;CM J;L; I JLI@?MMIL J?MKOCM;>IL JLI>OTCL ;LAOG?HNIM H?=?MMkLCIM ? I<M?LP;nv?M CGJILN;HN?M J;L; ;=IGJ;HB;L ; ;JL?H>CT;A?G >? MO;M =LC;Hn;M +?MM? M?HNC>I I L?ACMNLI PC>?IALk@C=I JI>? L?JL?M?HN;L OG CHMNLOG?HNI N;G<pG >? ;P;FC;nmI >I J?HM;G?HNI G;N?GkNC=I>;M=LC;Hn;M !CF=NCBH9GJBD >I@89N =ADCFHZB7=585J=89C;F5J5][C 9BEI5BHC=BGHFIA9BHC89F9;=GHFCD5F5CDFC:9GGCF8CD9BG5A9BHCA5H9AYH=7C 897F=5B]5GD9EI9B5G %121>T:/5-? $)3^, &T;<?F !9BF= 05@@CB OG; =IH=?JnmI >C;FpNC=; >I >?M?HPIFPCG?HNI CH@;HNCF -?NLtJIFCM /'3IT?M )//,0'ILA? 'CH5GGC6F959LD9F=aB7=59C G569F 85 9LD9F=aB7=5 +9J=GH5 F5G=@9=F5 89 8I75][C /CI>?';H?CLIHJ D;H;<L ),/"+71, 0pLACI 8I75][C =B:5BH=@ 9 D9F79D][C A5H9AYH=75 ?> ;GJCH;M 0- ONIL?MMMI=C;>IM -,4")) LNBOL #/+ &0 , 'IBH *%"/ ;LIFSH 2G; ;<IL>;A?G j ;HkFCM? >? >;>IM >? Pr>?IJ;L;CHP?MNCA;LI>?M?HPIFPCG?HNI>?C>?C;M? L;=CI=rHCIM G;N?GkNC=IM >? ?MNO>;HN?M 1L;>OnmI 'OHCILHNIHCI,FrGJCI&H (%& C@9H=A89 8I75][C &5H9AYH=75 /CI F;LI 0- 2+"0- -LIAL;G; >? -tM $L;>O;nmI ?G ">O=;nmI *;N?GkNC=;HIHZJ 0*,)"(kNC;0NI==I &5H9AYH=75B58I75][C "B:5BH=@ N?ILC; >;M CHN?FCAqH=C;M GxFNCJF;M H; JLkNC=; ?M=IF;L -ILNI F?AL? LN?M *p>C=;M 0OF 0*,)" (kNC; 0NI==I !&+&7 *;LC; &AH?T ^+!&!, -;NLr=C; ,LAM F=B7589=F5G "B:5BH=G B5G I@5G 89 &5H9AYH=75 P -ILNI F?AL? LNG?> :::::::: +9GC@I][C 89 )FC6@9A5G P -ILNI F?AL?LNG?> :::::::: =;IF5G 9 CFA5G P -ILNI F?AL? LNG?> 3&$,10(6)0 :CFA5][CGC7=5@85A9BH9 I >?M?HPIFPCG?HNI >IM JLI=?MMIM JMC=IFtAC=IM MOJ?LCIL?M?>0mI-;OFI*;LNCHM#IHN?M 3&$,10(6 ) 0 )2/& / )",+1"3 F?EM?C +CEIF;?PC=B &-,)) +"1, 'IMp %=B;I5;9A89G9BJC@J=A9BHC95DF9B8=N5;9A ?> 0mI-;OFIe=IH? &;.>1-?-A@;>-? ->5-:- #188-@51>5 p J?>;AIA; ;FOH; >? *?MNL;>I >I -LIAL;G; >? -tM AL;>O;nmI ,HF=7HC ,9BGI ?G ">O=;nmI>;2HCP?LMC>;>?0mI#L;H=CM=I=;GJOM&N;NC<;0- %135:-S85->-:0; p>I=?HN?>I-LIAL;G;>?-tM AL;>O;nmI ,HF=7HC,9BGI ?G">O=;nmI>;2HCP?LMC>;>? 0mI#L;H=CM=I=;GJOM&N;NC<;0- !CF=NCBH9GJBD >I@89N