51ºÚÁÏ

kA 5:ClQ=ECQmWpD 2=H2JD[ E96C6 H:== 36 2 EC2?D4C:AE @7 E96 492E 36=@H E96 E6IE 3@I]Xk^Am

kA 5:ClQ=ECQmkDEC@?8m& # ~} %wt x}%t#}t% q&ss*ik^DEC@?8m v@@5 >@C?:?8[ sv] #682C5:?8 E96 pq$ 492==6?86 DJDE6> 7@C a_ae[ xVG6 C625 E92E 492==6?86D H:== ?@E 36 23=6 E@ 4@>6 7C@> E96 5F8@FE[ 3FE 7C@> E96 32EE6C @?=J] (92E H:== DE@A 2 32EE6C 7C@> =@@<:?8 :?E@ E96 5F8@FE 2?5 86EE:?8 2 D:8?2= E@ 492==6?86nk^Am

kA 5:ClQ=ECQmkDEC@?8mvF6CC6C@ik^DEC@?8m %96 CF=6 D6E H:== DE@A E92E] r92==6?86D >FDE 36 >256 :>>65:2E6=J 2?5 H:E9@FE 2DD:DE2?46 7C@> E96 5F8@FE] x>>65:2E6=J 27E6C E96 9@>6 A=2E6 F>A:C6VD 42== 2?5 H:E9@FE 2DD:DE2?46 7C@> E96 5F8@FE @C @E96C A=2J6CD[ x D9@F=5 255]k^Am

kA 5:ClQ=ECQmkDEC@?8my@4< tH:?8ik^DEC@?8m s2?:6= \ (92E :D 2 C62D@?23=6 6IA64E2E:@? 7@C AC@8C6DD E@ E96 >2;@CD 7@C {:2> s@J=6nk^Am

kA 5:ClQ=ECQmkDEC@?8mvF6CC6C@ik^DEC@?8m s@J=6 92D E96 >2<6FA[ :? E6C>D @7 DEF77 2?5 324<8C@F?5 2D 2 4@==686 AC@5F4E[ E@ >@G6 BF:4<=J E9C@F89 2 DJDE6>] qFE[ x E9:?< :E’D C62D@?23=6 E92E 96 8@6D E9C@F89 2 DE625J AC@8C6DD:@? FA E96 >:?@CD] x 5@?’E D66 E96 r2C5:?2=D CFD9:?8 s@J=6 FA E96 DJDE6> 7@C E96 D2<6 @7 86EE:?8 9:> E@ E96 >2;@CD @C E@ 7:== 2 C@E2E:@? DA@E 3642FD6 E96C6’D 2 ?665] x :>28:?6 E96C6 H:== 36 2>A=6 :??:?8D :? E96 FAA6C >:?@CD 7@C 9:> E@ 56G6=@A 367@C6 86EE:?8 E96 42== E@ E96 >2;@CD]k^Am

kA 5:ClQ=ECQmkDEC@?8m#J2?ik^DEC@?8m s6CC:4< <66AD D2J:?8 E92E $@??J vC2J 2?5 9:D >6EC:4D 2C6 D@ 8@@5 E92E D@>6@?6 H:== 8:G6 FA BF2=:EJ AC@DA64E 42A:E2= E@ EC256 7@C 9:> :7 r2C5D ;FDE 62E E96 d| 3FJ@FE E96J 25565] s@ J@F 28C66n x E9:?< >@DE D2?6 r2C5D 72?D G696>6?E=J 5:D28C66] x7 J@F 28C66[ A=62D6 D9@H J@FC H@C<] %92?<Dk^Am

kA 5:ClQ=ECQmkDEC@?8mvF6CC6C@ik^DEC@?8m x 5@?’E E9:?< :E’D @FE @7 E96 C62=> @7 A@DD:3:=:E:6D E92E vC2J 42? ?6E J@F 2 D@=:5 AC@DA64E C6EFC? :7 E96 42D6 :D r2C5:?2=D ?665:?8 E@ A2J E96 Sd\>:==:@? 3FJ@FE @? 9:D @AE:@? 7@C a_af] w6’D 2 G6E6C2? DE2CE:?8 A:E496C H:E9 AC@G6? 6IA6C:6?46 @7 36:?8 2 BF2=:EJ DE2CE6C] *6D[ E96 t#p E9:D J62C Wc]agX 5:5?’E 52KK=6[ 3FE vC2J’D DEC6?8E9 :? 86EE:?8 DH:?8\2?5\>:DD 92D A=6?EJ @7 2AA62=] w:D ae]f DEC:<6@FE C2E6 H2D :? E96 E@A a`T @7 BF2=:7:65 3:8\=628F6 A:E496CD 2?5 9:D H9:77 C2E6 WegTX H2D :? E96 E@A baT] w6 2=D@ C2?<65 :? E96 E@A fT :? H2=< C2E6] x? 2? 286 H96C6 E62>D 492D6 DH:?8\2?5\>:DD[ 96 92D =@ED @7 2AA62=]k^Am

kA 5:ClQ=ECQmkDEC@?8mz6?ik^DEC@?8m w: s2?:6=] }6IE D62D@? =@@<D E@ 36 A2CE:4F=2C=J A2:?7F=]k^Am

kA 5:ClQ=ECQmkDEC@?8mvF6CC6C@ik^DEC@?8m }@ >2EE6C H92E :E :D[ A2:?7F= @C A2:?=6DD[ 2== E92E >2EE6CD :D E96 7C:6?5D H6 >256 2=@?8 E96 H2J] k^Am

kA 5:ClQ=ECQmkDEC@?8m#@?ik^DEC@?8m xEVD 8> >66E:?8D E:>6] %:>6 E@ E2=< 23@FE EC256D H:E9 @E96C E62>D] r964< E@ D66 :7 ?25@ 2?5 8C2J 2C6 2 7:E 7@C 2?J E62>] r=62? @FE E96 C65F?52?E C@DE6C 2?5 255 A=2J6CD ?66565 E@ 36 AC@E64E65k^Am

kA 5:ClQ=ECQmkDEC@?8mvF6CC6C@ik^DEC@?8m r964<:?8 :? @? EC256 :?E6C6DED 7@C A=2J6CD =:<6 pC6?25@ 2?5 vC2J :D 46CE2:?=J A2CE @7 E96 A=2?] pD 7@C 255:?8 A=2J6CD H9@ ?665 E@ 36 AC@E64E65[ x H@F=5 :>28:?6 E9@D6 >@G6D 2C6 >256 =2E6C E9:D >@?E9[ 29625 @7 E96 C@DE6C AC@E64E:@? 5625=:?6 @? }@G] `g]k^Am

kA 5:ClQ=ECQmkDEC@?8my@4< tH:?8ik^DEC@?8m s2?:6= \ $@ >2?J E2=6?E65 42E496CD :? E96 DJDE6> \ H9@ :7 2?J@?6 :D 2 42?5:52E6 7@C 2 A@D:E:@? 492?86nk^Am

kA 5:ClQ=ECQmkDEC@?8mvF6CC6C@ik^DEC@?8m xE 766=D E@F89 E@ A2:?E 2 A:4EFC6 @7 9@H D@>6 42E49:?8 AC@DA64ED :? E96 DJDE6> 4@F=5 DE:4< 369:?5 E96 A=2E6[ 4@?D:56C:?8 E96 286 @7 D@>6 AC@DA64ED =:<6 {6@?2C5@ q6C?2=[ 2 a`\J62C\@=5 #2H=:?8D >:?@C =628F6 v@=5 v=@G6 2E 42E496C E9:D J62C[ 2?5 E96 `g\J62C\@=5 #2:?:6= #@5C:8F6K] qFE x H@F=5?’E 6IA64E 2?J >2DD:G6 A@D:E:@? 492?86D E@ 92AA6? D@@?] x E9:?< E96 @?6 56G6=@A>6?E E@ H2E49 7@C E9@F89 :D 9@H xG2? w6CC6C2 AC@8C6DD6D 2E 42E496C ?6IE DAC:?8] w6’D AC6A2C:?8 E9:D H:?E6C E@ 42E49 :? a_ae[ 2?5 x E9:?< E92E A=2JD 2? :>A@CE2?E C@=6 :? 7:8FC:?8 @FE E96 42E49:?8 AFKK=6 7@C E96 r2C5:?2=D]k^Am

kA 5:ClQ=ECQmkDEC@?8m|2Iik^DEC@?8m (92E 5@ J@F E9:?< E96 AC:@C:EJ 7@C E96 r2C5:?2=D :D @? EC25:?8 2H2J D@>6 @7 E96 G6ED \ AC@DA64ED[ D2=2CJ C6=:67[ ;FDE 4=62C:?8 FA 3=@4<65 DA@ED @? E96 C@DE6C[ @C 2== @7 E96 23@G6nk^Am

kA 5:ClQ=ECQmkDEC@?8mvF6CC6C@ik^DEC@?8m x E9:?< :E’D 2 4@>3:?2E:@? @7 E9@D6 2DA64ED E92E J@F >6?E:@?65] %96 r2C5:?2=D 92G6 2=D@ E2=<65 23@FE ?@E 4@?465:?8 :? a_ae[ D@ <66A :? >:?5 E92E D2=2CJ C6=:67 7C@> EC25:?8 3:8 4@?EC24ED 4@F=5 36 FD65 E@ :?G6DE :? @E96C 2C62D @7 E96 C@DE6C] k^Am

kA 5:ClQ=ECQmkDEC@?8mr9C:Dik^DEC@?8m (:E9 E96 c_ >2? ?@H 2E bf[ H9@ 86ED 25565^DF3EC24E65 367@C6 ?6IE %F6D52JVD AC@E64E:@? 5625=:?6n %9D?Dk^Am

kA 5:ClQ=ECQmkDEC@?8mvF6CC6C@ik^DEC@?8m xE’D 92C5 E@ AC65:4E H9@ H:== 36 DF3EC24E65[ 3FE 2D E@ H9@ H:== 36 25565[ x 6IA64E 42E496C {6@?2C5@ q6C?2=[ @FE7:6=56C y@D9F2 q26K[ 2?5 =67EJ r@@A6C w;6CA6 E@ 36 25565 2?5 AC@E64E65 7C@> E96 #F=6 d sC27E] {67EJ qCJ46? |2FEK :D 2?@E96C A=2J6C E@ <66A E23D @? 2D 2 42?5:52E6 H9@ 4@F=5 C646:G6 c_\>2? C@DE6C DE2EFD]k^Am

kA 5:ClQ=ECQmkDEC@?8msrvik^DEC@?8m pC6 E96 r2C5:?2=D 4@>>:EE65 E@ 8:G:?8 w6CC6C2 2 =68:E:>2E6 492?46 E@ C6EFC? E@ 42E496Cn x7 D@[ 2?5 :7 96 42? 2E =62DE 36 2G6C286 2D 2 5676?56C[ 9:D 32E 364@>6D D@ >F49 >@C6 G2=F23=6 E96C6] pD 2 3@?FD[ :E H@F=5 @A6? FA >@C6 sw^~u @AA@CEF?:E:6D 7@C 2 2?@E96C AC@DA64E] x? >J G:6H[ :E H@F=5 36 3:8 7@C 2? @776?D:G6=J DE2CG65 E62> :7 96 42? AF== :E @77]k^Am

kA 5:ClQ=ECQmkDEC@?8mvF6CC6C@ik^DEC@?8m *6D[ w6CC6C2’D @AA@CEF?:EJ E@ DE:4< 2E 42E496C H:== 36 =68:E:>2E6] w6 E2=<65 23@FE :E 2E E96 6?5 @7 E9:D A2DE D62D@? 2?5 6IAC6DD65 9@H >F49 96 =@G6D 42E49:?8 2?5 9:D 56E6C>:?2E:@? E@ DE:4< 2E 9:D A@D:E:@? 7@C E96 =@?8 E6C>] W#6>6>36C[ 96 H2D @?=J >@G65 2H2J 7C@> :E :? a_ad :? 677@CED E@ <66A 9:> 962=E9J 27E6C >:DD:?8 E:>6 H:E9 EH@ =@H6C\3@5J :?;FC:6D]X %96 r2C5:?2=D 2C6 8@:?8 E@ 8:G6 9:> 2 7F== CF? 2E 42E496C ?6IE DAC:?8 2?5 92G6 >2AA65 @FE 2? @77D62D@? AC@8C2> E92E H:== :?4=F56 82>6 42==:?8 2?5 2 E9C@H:?8 AC@8C6DD:@?[ H9:49 H2D D6E E@ 368:? 27E6C 9:D 6=3@H DFC86CJ] pD J@F D2:5[ 9:D 32E 364@>6D 2 A=FD 7@C E96 A@D:E:@?[ 2?5 E96 sw DA@E @A6?D FA 282:?] x 28C66 E92E w6CC6C2’D 56G6=@A>6?E 369:?5 E96 A=2E6 4@F=5 36 <6J]k^Am

kA 5:ClQ=ECQmkDEC@?8m|$ q:C5 qC2:?ik^DEC@?8m s2?:6= E92?<D 7@C E96 492E] xD :E A@DD:3=6 E92E !6E6 w2?D6? :D 2 E6DE 42D6 @7 2?2=JE:4D GD 6J632== 8@?6 H:=5n x D66 D@>6 C@DE6C 2?2=JD:D :? E96 !s 2?5 6=D6H96C6 @? :7 96 H:== 36 25565 E@ E96 c_\>2?] #62==Jn $E2E:DE:42==J[ =@@<:?8 2E E96 EC25:E:@?2= ?F>36CD @? t#p[ DEC:<6@FED[ 2?5 (:?\{@DD[ :EVD 92C5 E@ D66 E96 8FJ 2D 2?JE9:?8 3FE 2 D@=:5 DE2CE:?8 A:E496C AC@DA64E[ H:E9 2 324<FA A=2? 2D 2? :?EC:8F:?8 >FE=:\:??:?8 3F==A6? =67EJ] w6 :D 2 A:E4923:=:EJ =67EJ H9@ 92D 5@?6 ?@E9:?8 9:D H9@=6 =:76 3FE E2<6 E96 32== 2?5 86E @FED] qFE 96 5@6D?VE 92G6 E92E >28:4 G6=@ ?F>36C C:89En (92E :D J@FC E2<6 @?[ 2?5 J@FC A6C46AE:@? @7 E96 r2C5D E2<6[ @? w2?D6?n xD 96 8@:?8 E@ 36 6IA@D65 @C AC@E64E65nk^Am

kA 5:ClQ=ECQmkDEC@?8mvF6CC6C@ik^DEC@?8m pE E96 >@>6?E[ w2?D6? D66>D 2 =:EE=6 =@H6C :? E96 A64<:?8 @C56C 2>@?8 A=2J6CD H9@ ?665 E@ 36 AC@E64E65 367@C6 E96 }@G] `g 5625=:?6[ 8:G6? E96 =:>:E65 DA@ED] x? E6C>D @7 E96 EJA6 @7 A:E496C[ E96 =67EJ 92D 366? 4@?D:DE6?E :? 86EE:?8 @FED 2?5 62E:?8 :??:?8D] %9:D A2DE D62D@? H2D 2 DEC@?8 6I2>A=6] w6 H6?E g\d[ H:E9 2 b]hb t#p :? `bf `^b :??:?8D] w6 =65 E96 %6I2D {628F6 :? BF2=:EJ DE2CED H:E9 `` 2?5 H2D 2 DE23=6 A:646 E@ r=2DD pp $AC:?87:6=5’D C@E2E:@?] pD J@F >6?E:@?65[ 96 92D?’E 2=H2JD 925 7=2D9J DEF77 :? E6C>D @7 G6=@4:EJ[ 3FE 42? =@42E6 H6== 2?5 <?@HD 9@H E@ FD6 9:D C6A6CE@:C6] x E9:?< :? 2? 6C2 @7 492D:?8 DH:?8\2?5\>:DD 2?5 G6=@4:EJ[ w2?D6? :D E96 EJA6 H9@ 42? 36 @G6C=@@<65 3FE D9@F=5?’E] x E9:?< H96? H6 >6?E:@? 2?2=JE:4D[ H6 D9@F=5 2=D@ E9:?< 23@FE E92E E96 A2CE @7 E96 52E2 :D AC@;64E:?8 9@H w2?D6?’D DEF77 42? A=2J FA 2E E96 ?6IE =6G6=[ 2?5 ?@E 92G:?8 2D >F49 G6=@4:EJ 9FCED 2 3:E] k^Am

kA 5:ClQ=ECQmkDEC@?8mrC27EJC:89E92?56Cik^DEC@?8m %92?<D 7@C E96 492E] (6 2C6 =F4<J E@ 92G6 J62C C@F?5 4@G6C286] tG6? :? 2 QC63F:=5Q @C 2 QC6\E@@=Q J62C[ 2 E62> ?665D A:E496CD E@ 62E :??:?8D] (9@ @? E96 4FCC6?E C@DE6C H:== 62E:??:?8D :? a__en (92E 7C66 286?ED D9@F=5 36 E2C86E65 @? D9@CE E6C> 562=D E@ 62E :??:?8nk^Am

kA 5:ClQ=ECQmkDEC@?8mvF6CC6C@ik^DEC@?8m $A64:7:4 ?2>6D 5@?VE :>>65:2E6=J 4@>6 E@ >:?5 :? E96 7C66 286?E >2C<6E H9@ 7:E E92E >@=5[ 3FE E96 :?\9@FD6 2?DH6CD 2C6 AC6EEJ 4=62C] x 6IA64E |:4926= |4vC66GJ 2?5 |2EE96H {:36C2E@C6 E@ 36 E9@D6 8FJD H9@ 92?5=6 A=6?EJ @7 :??:?8D :? a_ae] %96J 3@E9 92G6 366? E9@D6 EJA6D @7 A:E496CD :? E96 A2DE 2?5[ 56DA:E6 D@>6 9:44FAD :? a_ad[ D9@H65 8=:>AD6D E96J 4@F=5 8C@H :?E@ D@=:5 C@E2E:@? A:646D H9@ ?@E ;FDE E2<6 @? :??:?8D[ 3FE 8:G6 J@F BF2=:EJ :??:?8D]k^Am

kA 5:ClQ=ECQmkDEC@?8m$@FE9 r:EJ $E6G6ik^DEC@?8m !=62D6 E92?< w@49>2? 7@C E96 |:<@=2D 2CE:4=6] (2J E@@ >F49 DA64F=2E:@? 3J DA@CED E2=< 2?5 3=@886CD E92E 96 4@F=5 C6EFC? :? a_ae 3642FD6 96 QA@DED]Q $@>6@?6 ?66565 E@ A2:?E E96 7F== A:4EFC6 7@C H9@6G6C ?66565 E@ 962C :E] xE 8@6D 36J@?5 A:E49:?8 H:E9 |:<@=2D[ 2?5 E92E H2D?VE G6CJ 8@@5 6:E96C] xV5 C2E96C 7@C76:E 6G6CJ dE9 52J E92? H2E49 9:> A:E49 282:? :? 2 r2C5:?2=D F?:7@C>]k^Am

kA 5:ClQ=ECQmkDEC@?8mvF6CC6C@ik^DEC@?8m x E9@F89E q6?;2>:? >256 D@>6 :?E6C6DE:?8 A@:?ED :? 9:D 4@=F>? 23@FE E96 DJ>3@=:D> @7 H92E E96 r2C5:?2=DV C6\D:8?:?8 |:<@=2D H@F=5 766= =:<6] (:E9 2 ?6H 7C@?E @77:46 :? E@H?[ x 28C66 2 |:<@=2D C6F?:@?[ 27E6C E9C66 C@4<J D62D@?D[ H@F=5 AFE 2 H6:C5 766=:?8 @? E9:D EFC?:?8 E@ 2 ?6H 492AE6C :? r2C5:?2=D 32D632===]k^Am

kA 5:ClQ=ECQmkDEC@?8m`a72?ik^DEC@?8m %96 r2C5:?2=D 92G6 E9C66 G6E6C2? A=2J6CD H:E9 3:8 4@?EC24ED] %96 @?6 x H@F=5 >@DE =:<6 E@ D66 >@G65 :D r@?EC6C2D E@ @A6? FA 7:CDE 32D6] (6 5@?VE C62===J 92G6 2?J@?6 H9@ 42? A=2J E9:C5 32D6 2?5 9:E 4@?D:DE6?E=J ?@C 5@ H6 92G6 2?J@?6 42A236 @7 8:G:?8 FD H92E $@??J vC2J @776CD] x <?@H r@?EC6C2D :D 2 A=FD 9:EE6C[ 3FE 96 :D 23@>:?23=6 2D 2 32D6CF??6C] u:6=5:?8\\96 :D 36EE6C 2E 7:CDE E92? 96 H2D 2E 42E49:?8[ 3FE : DE:== 4C:?86 6G6CJE:>6 96 E9C@HD E96 32==] x <?@H E9:D :D 2 >:?@C:EJ @A:?:@?[ 3FE x H@F=5 =@G6 E@ D66 9:> EC2565]k^Am

kA 5:ClQ=ECQmkDEC@?8mvF6CC6C@ik^DEC@?8m (6==[ r@?EC6C2D 92D 2 ?@\EC256 4=2FD6 2?5 2? :?E6C6DE :? C6>2:?:?8 :? $E] {@F:D] qFE H:E9 E9@D6 562=D[ 2 724E@C E@ <66A :? >:?5 H:E9 E96D6 562=D :D 4=62C:?8 DA246 7@C J@F?8 A=2J6CD H9@ 42? 36?67:E 7C@> E96 A=2J:?8 E:>6 2E E92E DA@E] |@G:?8 pC6?25@ >2<6D D6?D6 ?@E @?=J 2D E96 7FEFC6 w~u6C E9:?<D 23@FE 9:D 7FEFC6[ 3FE 2=D@ 2D E@A AC@DA64E yy (6E96C9@=E >2<6D 9:D H2J E@ E96 >2;@CD[ D:?46 E92E :D 2 DA@E (6E96C9@=E 4@F=5 A=2J] %92E’D ?@E E@ D2J (6E96C9@=E H:== 36 pC6?25@ 2E E9:C5 32D6 :? E6C>D @7 G2=F6^AC@5F4E:@? :7 E92E’D H96C6 96 F=E:>2E6=J =2?5D[ 3FE E92E >@G6 A=2?D 7@C E96 7FEFC6]k^Am

kA 5:ClQ=ECQmkDEC@?8my:> $ik^DEC@?8m v@@5 52J[ D:C] p BF6DE:@? 23@FE A:E49:?8 DEJ=6D 5FC:?8 >:?@C =628F6 56G6=@A>6?E] %9:D :? :? C682C5D E@ A:E496C r96?\(:6 {:?] w6VD 2 E2== A:E496C E92E 92D 2 ?@C>2= b^c 56=:G6CJ] |J E9@F89ED[ H96? 7:CDE C625:?8 23@FE 9:>[ H2D 23@FE 2 7@C>6C E2== r2C5:?2= A:E496C\|:4926= (2492] %96 DE@CJ @? (2492 H2D E92E[ :? 4@==686[ 96 925 2 b^c 56=:G6CJ[ 2?5 H2D G6CJ 2G6C286] %96? 9:D 4@249 2D<65 9:> H9J[ 36:?8 2 E2== A:E496C[ 96 H2D E9C@H:?8 =:<6 2 D>2==6C A:E496C] (2492 DE2CE65 4@>:?8 >@C6 7C@> E96 E@A H:E9 9:D 56=:G6CJ 2?5 925 8C62E DF446DD] %96 2?8=6 @7 56=:G6CJ @7 E96 A:E49 492?865 6G6CJE9:?8 7@C 9:>] q24< E@ r96?\(6: {:? 2?5 9:D 56=:G6CJ[ 5@6D E96 A:E496C[ @C E96 4@2496D 6G6C DF886DE 2 56=:G6CJ 492?86 E@ >2J36 F?=@4< D@>6 A@E6?E:2= :? E96 A:E496Cn $66>D =:<6 {:? H@F=5 36 2 8@@5 42?5:52E6 E@ 4@>6 7C@> @G6C9625[ GD E96 b^c 56=:G6CJ\2 56=:G6CJ E92E 96 DECF88=6D H:E9 4@>>2?5 W2E E:>6DX] yFDE 4FC:@FD 9@H 72C 56G6=@A>6?E 56=G6D :?E@ E9:?8D] %92?< J@F 7@C 5@:?8 E96D6 492ED]k^Am

kA 5:ClQ=ECQmkDEC@?8mvF6CC6C@ik^DEC@?8m %96 492?86D[ H96E96C E92E’D H:E9 2 H:?5FA @C 2 56=:G6CJ[ 2C6 FDF2==J EH@\H2J DEC66E 4@?G6CD2E:@?D H:E9 E96 A=2J6C 2?5 E96 56G6=@A>6?E DE277] x 42?’E E9:?< @7 2?J 5C2DE:4 56=:G6CJ 492?86D x’G6 D66? @C E2=<65 E@ A=2J6CD 23@FE D:?46 x 3682? 4@G6C:?8 E96 r2C5:?2=D DJDE6> :? a_aa] x 42? C642== D@>6 H:?5FA 25;FDE>6?ED[ =:<6 H:E9 v@C5@? vC24677@ :? a_ac[ H9@ >256 2 EH62< E@ 9:D H:?5FA E@ 96=A 9:> H:E9 4@>>2?5[ 367@C6 F=E:>2E6=J 8@:?8 324< E@ 9:D @C:8:?2= H:?5FA :?\D62D@? 27E6C E6DE:?8 @FE E96 ?6H D6EFA] (:E9 {:?[ x 92G6?’E 962C5 @C D66? 2?JE9:?8 E@ DF886DE 2 492?86 :? 56=:G6CJ H:E9 9:D 2C> =@E] p?5 2E =2DE =@@< 2E pC:K@?2 u2== {628F6 7@@E286[ 96 2AA62CD E@ 92G6 9:D EJA:42= 56=:G6CJ] (92E J@F DF886DE :D :?E6C6DE:?8[ E9@F89] {:?’D e\7@@E\f 7C2>6 2=C625J >2<6D 9:> 2 E@F89 G:DF2= 7@C 9:EE6CD] x C6>6>36C :? a_ac H2E49:?8 9:> 7246 y@D9F2 q26K 2?5 (@?\q:? r9@ @? AC6EEJ 6>AEJ 324<7:6=5D 5FC:?8 =:G6 32EE:?8 AC24E:46 :? >:?@CD 42>A] %96 >2E49FAD 6G6? 5C6H E96 :?E6C6DE @7 y@9? |@K6=:2< E@ DE@A 2?5 H2E49] w6’D 2 E@F89 2E\32E 2?5 D9@H65 D@>6 DEC@?8 4@>>2?5 :? a_ac H9:=6 :? r=2DD {@H\p 367@C6 :?;FC:6D <6AE 9:> D:56=:?65 7@C >@DE @7 E9:D J62C]k^Am

kA 5:ClQ=ECQmkDEC@?8mC23:5>@?<6J7:D9hhik^DEC@?8m v@@5 27E6C?@@?P s:5 2?J @7 E96 r2C5DV pu{ A=2J6CD >@G6 E96 ?665=6 >F49 6:E96C FA^5@H?nk^Am

kA 5:ClQ=ECQmkDEC@?8mvF6CC6C@ik^DEC@?8m x7 3J >@G6 E96 ?665=6 FA @C 5@H? :? E6C>D @7 E96:C @H? AC@DA64E 56G6=@A>6?E[ 2 4@FA=6 4@>6 E@ >:?5] #:89E\92?56C s2C=:? $2=25:? 92D 925 2 DEC@?8 72== W_]ga t#p :? `` :??:?8DX :? 2 3F==A6? C@=6 96 25;FDE65 E@ 5FC:?8 E96 D62D@?] ~FE7:6=56C |:8F26= &8F6E@ 92D 32EE65 ]bag :? dg 2E\32ED D@ 72C] q@E9 H6C6 ?2>65 u2== $E2CD 2=@?8 H:E9 r96?\(6: {:?] $2=25:? 2?5 &8F6E@ 42>6 :?E@ E96 72== @77 E96 AC@DA64E C2?<:?8D C252C[ 3FE 92G6 D9@H? H6== :? E9:D @AA@CEF?:EJ]k^Am

kA 5:ClQ=ECQmkDEC@?8m$@FE9 r:EJ $E6G6ik^DEC@?8m x? D6EE:?8 @77\D62D@? 6IA64E2E:@?D[ :7 E96 r2C5D =2?5 2 3:886C ?2>6 3J H2J @7 9:> 92G:?8 2? F?FDF2==J =:>:E65 >2C<6E[ E92EVD AC@323=J ?@E 92AA6?:?8 F?E:= =2E6 y2?F2CJ^62C=J u63[ C:89En qFE H:== E96C6 36 D@>6 EC256 >@G6>6?E 62C=J @?nk^Am

kA 5:ClQ=ECQmkDEC@?8mvF6CC6C@ik^DEC@?8m q67@C6 x 86E :?E@ >J C6DA@?D6[ <66A :? >:?5 E92E[ H96? 2D<65 23@FE E96 A@DD:3:=:EJ @7 D:8?:?8 2 3:8 7C66 286?E[ AC6D:56?E @7 32D632== @A6C2E:@?D r92:> q=@@> D2:5 E96C6 :D “?@E9:?8 x H@F=5 6G6C E2<6 @77 E96 E23=6 @? E92E 7C@?E[� 3FE ?@E65 96 H2?ED E@ >2<6 DFC6 H92E E96J 5@ :? 7C66 286?4J “=:?6 FA� H:E9 E96 8@2=D @7 H92E E96J 2C6 AFCDF:?8 2?5 3F:=5:?8 E@H2C5] (:E9 E92E 36:?8 D2:5[ x E9:?< E96 56E6C>:?:?8 724E@C @7 H96E96C E96J AFCDF6 2 3:886C ?2>6 :? 7C66 286?4J 4=@D6C E@ DAC:?8 EC2:?:?8[ :7 @?6 :D 2G2:=23=6[ 4@>6D 5@H? E@ E96 >@G6D E96J ?665 E@ >2<6 367@C6 E92E H:E9 E96 @E96C =2C86 4@?EC24ED E96J 92G6 @? E96 3@@<D]k^Am

kA 5:ClQ=ECQmkDEC@?8m|:==@ik^DEC@?8m s2?:6= 8C66E:?8D E9:D |@?52J] pD H6 9625 566A6C :?E@ }@G6>36C 2?5 @? :?E@ s646>36C 9@A67F==J E96 r2C5:?2=D H:== 364@>6 G6CJ 24E:G6] x7 vC2J 2?5 pC6?25@ 2C6 >@G65[ 2?5 A@DD:3=J s@?@G2?[ }@@E322C[ 2?5 qFC=6D@? H:== :7 36 D276 E@ 2DDF>6 E92E :7 E96 C6EFC? :D 9:89 FAD:56 AC@DA64ED 2E 36DE E92E E96 r2C5:?2=D 2C6 E2?<:?8n x7 E96 C6EFC? 3C:?8D D@>6 |{q C625J E2=6?E H@F=5?VE D:8?2= 2 C6D6Enk^Am

kA 5:ClQ=ECQmkDEC@?8mvF6CC6C@ik^DEC@?8m x E9:?< D66:?8 H96C6 E9@D6 A=2J6CD 2C6 2E :?5:G:5F2==J 96=AD H:E9 86EE:?8 2 D6?D6 @7 9@H =@?8 E9:D C6E@@=:?8 AC@46DD H:== E2<6] qFE 6G6? :7 E96J 2C6 |{q\C625J @C ?62C:?8 E96 >2;@CD[ 2?5 :E D66>D =:<6 E9:D :D 2 D9@CE\E6C> C6D6E[ C6>6>36C E92E 25;FDE:?8 E@ E96 >2;@CD H:== =:<6=J E2<6 D@>6 E:>6[ E@@]k^Am

kA 5:ClQ=ECQmkDEC@?8m$@FE9 r:EJ $E6G6ik^DEC@?8m (96? 5@6D %:?< w6?46 >2<6 9:D >2;@C =628F6 563FE 2?5 :? H92E C@=6 H@F=5 E92E =:<=6J 36nk^Am

kA 5:ClQ=ECQmkDEC@?8mvF6CC6C@ik^DEC@?8m w6?46’D t%p E@ E96 >2;@CD[ 2?5 9:D C@=6[ 766=D E@F89 E@ AC@;64E 27E6C E96 :?;FCJ\=:>:E65 D62D@?D] w6 2AA62CD E@ C6>2:? @? 2 DE2CE6C EC24< 2?5 H:== 7@4FD E9:D H:?E6C @? >6492?:42= 25;FDE>6?ED E92E 42? 9@A67F==J 96=A 9:> >2:?E2:? 9:D H@C<=@25 2?5 D92CA6? 9:D DEF77] x7 96 6IA6C:6?46D 2 7F==J 962=E9J a_ae[ x E9:?< E96C6’D 2 492?46 H6 4@F=5 D66 9:> :? E96 >2;@CD =2E6 :? E96 D62D@? :7 2? @AA@CEF?:EJ @A6?D FA 2?5 :7 96 92D 6?@F89 :??:?8D :? r=2DD pp 2?5 r=2DD ppp F?56C 9:> E@ 86E 9:> C625J 7@C E96 >2;@CD]k^Am

kA 5:ClQ=ECQmkDEC@?8m|$ q:C5 qC2:?ik^DEC@?8m z?@H:?8 E96 r2C5:?2=D :? 86?6C2= 2?5 ~=: :? A2CE:4F=2C :E :D 2 72:C 8F6DD E92E 2== E96 |{q A=2J6CD H6?E :?E@ E96 @77\D62D@? H:E9 D@>6 DF886DE65 9@>6H@C< E@ :>AC@G6 7@C Vae] p A=2J6C H:E9 2? :?EC:8F:?8 DA@E @? E96 C@DE6C :D *@96= !@K@] s@ J@F <?@H H92E 96 H:== 36 H@C<:?8 @?n uC@> 2 5:DE2?46 :E 2AA62CD E92E 2 5:776C6?E 7:E?6DD A=2? >:89E 36 @? E96 =:DE] r2C5:?2= 72?D H2E4965 *25: DA665 2C@F?5 E96 32D6D 7@C 2 =@?8 E:>6[ 3FE 6G6? @?6 DE6A 5@H? E96 =:?6 H@F=5 >2EE6C] w6VD 2 8@@5 42E496C[ 3FE x 4@F=5 D66 D@>6 C@@> 7@C :>AC@G6>6?E :? 3=@4<:?8 7@C 6I2>A=6] s@ J@F <?@H H92E 96 :D 5@:?8 E9:D @77\D62D@?nk^Am

kA 5:ClQ=ECQmkDEC@?8mvF6CC6C@ik^DEC@?8m !=2J6CD 86EE:?8 @77D62D@? 9@>6H@C< 2E E96 DF886DE:@? @7 >2?286CD 2?5 7C@?E @77:46D :D AC6EEJ EJA:42=] &DF2==J[ E96C6 2C6 >66E:?8D E@H2C5 E96 6?5 @7 E96 D62D@? E@ 5:D4FDD E9@D6 E9:?8D] pD 7@C !@K@[ x’> ?@E DFC6 H92E @77D62D@? E2C86ED 96 92D] x 5:5?’E 86E 2 492?46 E@ 42E49 FA H:E9 9:> 367@C6 E96 D62D@? HC2AA65 FA] qFE 2D J@F D2:5[ 96 AC@5F465 :? DEC6E496D H96? E96 r2C5:?2=D ?66565 9:>] |6EC:42==J[ 96 7:?:D965 E96 J62C :? E96 fbC5 A6C46?E:=6 :? 7C2>:?8 2?5 :? E96 e`DE A6C46?E:=6 :? 3=@4<D 23@G6 2G6C286 3FE 925 2 `_E9 A6C46?E:=6 A@A E:>6[ A6C $E2E42DE] w6 H6?E :?E@ E96 @77D62D@? 2D 2 A@DD:3=6 42?5:52E6 E@ 36 C6>@G65 7C@> E96 c_\>2? C@DE6C[ 3FE :D DE:== @? :E 27E6C =2DE H66<6?5VD H2G6 @7 H2:G6CD] tG6? :7 96 :D C6>@G65[ E96C6’D 2 492?46 E96 r2C5:?2=D 4@F=5 C6\D:8? 9:> E@ 2 >:?@CD 562= E@ 255 @77\C@DE6C 56AE9 E@ E96:C DJDE6>] k^Am

kA 5:ClQ=ECQmkDEC@?8m{6??:6ik^DEC@?8m s@?@G2? :D @FC 72G@C:E6 A=2J6C[ 2?5 qFC=6D@? :D 2 4=@D6 D64@?5] %92E 36:?8 D2:5[ H92E H@F=5 E96J 3C:?8 :? C6EFC? 7@C A:E49:?8nk^Am

kA 5:ClQ=ECQmkDEC@?8mvF6CC6C@ik^DEC@?8m x E9:?< E92E 42? 56A6?5 @? 9@H E96 >2C<6E D92A6D FA 2?5 H92E E62>D 2C6 H:==:?8 E@ 8:G6 FA 7@C J@F?8 A=2J6CD H:E9 >F=E:A=6 J62CD @7 4@?EC@= =67E @? E96:C 4FCC6?E 4@?EC24ED] ~?6 :D 2? p==\$E2C 2?5 v@=5 v=@G6C] %96 @E96C :D 2 $:=G6C $=F886C] q@E9 42? A=2J >F=E:A=6 A@D:E:@?D] q@E9 3C:?8 :?EC:8F6 2?5 4@F=5 ?6E 2 ?:46 C6EFC? :7 E96 r2C5:?2=D 49@@D6 E@ 562= E96>]k^Am

kA 5:ClQ=ECQmkDEC@?8m|:==@ik^DEC@?8m s2?:6=[ H:E9 E96 :?5:4E>6?ED @7 r=2D6 2?5 ~CE:K 7@C A:E49 C:88:?8 4@F=5 E9:D 36 2?@E96C 3:8 9FC5=6 7@C E96 ?6H rqp] %96 :?E68C:EJ @7 E96 82>6 :D 2E DE2<6 2?5 E@ >6 :EVD FA E@ E96 A=2J6CD F?:@? E@ 86E E96 32== C@==:?8 @? E9:D] pD 82>3=:?8 92D 364@>6 >@C6 2?5 >@C6 4@>>@? @? DA@CE:?8 6G6?ED 2?5 E96 AC@A 36ED J@F 42? ?@H 5@[ :E H2D G6CJ =:<6=J E9:D EJA6 @7 DEF77 H2D 8@:?8 E@ 92AA6?] xEVD ;FDE 2 D92>6 E9:D :D @44FCC:?8[ 2D :? ]E96 }qpk^Am

kA 5:ClQ=ECQmkDEC@?8mvF6CC6C@i k^DEC@?8mx 5@?’E <?@H 9@H >F49 E9:D 27764ED @C 92D 2? :?7=F6?46 @? E96 r@==64E:G6 q2C82:?:?8 p8C66>6?E ?68@E:2E:@?D 2D >F49 2D E96 :562 @7 E96 D2=2CJ 42A 5@6D] |2;@C {628F6 q2D632== 2=C625J 92D DEC:4E CF=6D @? 82>3=:?8 @? 32D632==[ 2?5 r=2D6 2?5 ~CE:K 4@F=5 7246 =:76E:>6 32?D 32D65 @? E96 2==682E:@?D 282:?DE E96>] x 28C66[ :E’D 2 D92>6 E96C6 :D C:88:?8 :? DA@CED]k^Am

kA 5:ClQ=ECQmkDEC@?8my@C52?ik^DEC@?8m (92E EJA6 @7 D<:== D6E 5@6D qCJ2? %@CC6D 3C:?8 E@ E96 3:8 4=F3nk^Am

kA 5:ClQ=ECQmkDEC@?8mvF6CC6C@ik^DEC@?8m w6 3C:?8D 2 =67E\92?565 32E H:E9 2 4@?E24E\@C:6?E65 2AAC@249] w6 DEC:<6D @FE D@>6[ 3FE ?@E 2 =@E] w6’D D9@H? E96 A=2E6 5:D4:A=:?6 E@ E2<6 9:D H2=< H96? E96J 4@>6 9:D H2J] w6 5@6D?’E 3C:?8 >F49 A@H6C[ 3FE 86ED @? 32D6 A=6?EJ 42? DE62= 2 32D6] x? E96 7:6=5[ 96 42? A=2J 2== E9C66 @FE7:6=5 DA@ED 2?5 92D E:>6 2E D64@?5 2D H6== 2D E9:C5]k^Am

kA 5:ClQ=ECQmkDEC@?8mAF886Cik^DEC@?8m x 2D<65 2?@E96C HC:E6C E9:D D2>6 BF6DE:@?\\ x7 (2=<6C 2?5 v@C>2? 5@?VE A2? @FE[ ?@E =68:E 4@?EC:3FE6CD[ H:== E96 r2C5:?2=D C63F:=5 =@@< >@C6 =:<6 2 Vc\e J62C A=2?V :? E6C>D @7 86EE:?8 324< E@ =68:E 4@?E6?E:@?n w6 28C665 E92E :D C62D@?23=6] x H@?56C H92E J@FC E9@F89ED 2C6n %92?<Ds2?:6=Pk^Am

kA 5:ClQ=ECQmkDEC@?8mvF6CC6C@ik^DEC@?8m (2=<6C 2?5 v@C>2? ?@E A2??:?8 @FE 2D J@F 56D4C:365 H@F=5 46CE2:?=J 36 2 =6E5@H? 7@C E96 @C82?:K2E:@?] x ;FDE 5@?’E <?@H 9@H >F49 E92E 9FCE E96 @G6C2== EC2;64E@CJ 7@C E96 4=F3’D H:?5@H E@ H:?] x E9:?< :E 27764ED :E[ 3FE @E96C 2C62D @7 E96 C@DE6C 2=D@ A=2J 2 C@=6 :? E92E] w@H E96 DE2CE:?8 A:E49:?8 56G6=@AD 2?5 C@E2E:@?D D92A6 FA :D 2 9F86 724E@C] ~E96C DEC:56D 24C@DD E96 C@DE6C 4@F=5 >2<6 FA 7@C 82AD :? E96 =:?6FA 2D H6== :7 (2=<6C @C v@C>2? 5@?’E A2? @FE :? E96 D46?2C:@ J@FC BF6DE:@? 56D4C:36D]k^Am

kA 5:ClQ=ECQmkDEC@?8mvF6CC6C@ik^DEC@?8m ~<[ x E9:?< E92E’D H96C6 H6’== 6?5 E@52J’D 492E] %92?<D E@ 2== J’2== 7@C A2CE:4:A2E:?8 2?5 7@C 4@?E:?F:?8 E@ 7@==@H @FC 4@G6C286 96C6 2E E96 !@DE\s:DA2E49] z66A 2? 6J6 @FE 7@C 4@G6C286 7C@> !@DE\s:DA2E49 32D632== HC:E6C s6CC:4< v@@=5[ H9@ :D :? {2D '682D 7@C |{q’D v| |66E:?8D] w@A6 E96 H66< 29625 EC62ED J@F H6==] %2<6 42C6P \\ s2?:6= vF6CC6C@k^Am

kAm\k^Am

kAm\k^Am

kAm\k^Am

kAm\k^Am

kAm\k^Am

kAm\k^Am

kAm\k^Am