PASSES E RADIAÇÕES &!", '!",( *!"" % -!"".! $ " " !"" $ 1 &!""" )! "1 ( 0""" *! "$ .! #" /!#!



Documentos relacionados
! " # # $ # # %! #" # & ' (

#$#%&'# '()*+,-../)00/123,--#4%5/& ! ""

! " # $ % & '( ) *+( +,-.

!"!!#$!%!"&!"&!"#!"'&!&("#! )&! *"!"! (#&!"+#,!#-&#&!#"#!!&'#."&& '%! &!#"#-*..&!!/0!!!!#!" &!".%&"&!& ' #! & "1& $ 2#! )&!*"!"! (#&!

!"#!$"#%&#'#&( #%$&#'#&()%*#+&#'#,-"#+#)#')#-.(,/),,- #&#%', 0', # "23$ % #,&%*4-,$+ 1 $"#%!(%!4'(%5+!,%(,6, "-#!,(%%)!!( #%+)# "%,!

!"#$%&'#()(*+"&'#(',(-",$./'0#,1-(21,13$#(1,+(*+"&'#(',(-",$"!! #$%&$'&!()!*&+,-'&! *+"&'#(4"$,&56"%'.*+"&'#($7$%0&"8$"!!./-$+01!2+$3!41-/3!

UNIVERSIDAD DE MURCIA

CONSEJO INSULAR DE AGUAS DE LA GOMERA

DECRETO NÚMERO 1607 DE 2002 ( modifica el Decreto 2100 de 1995 )

!"# $ % $ & *&+ '# &, $ - -"# *&. " &( /!!0 (& -. ), " - - /.1 / /1 ( 21 ( ' & - & $ ''( % + "14/5 4. 6& " 14/5)-!6& " 14/5 )2

!"#$ %& ' ( ) ' %)/& % #!#01!""- ' 2# ) $ # )#) 5670#7 # $ 8#91 %!""61: ' -' ; %# ) 81!81 %# $ - ' '$(% # % # $) < =% 4/-' # )< )%!

!"# $ ""# "$"$'&"$ (# " )*+", -. /001

! "# $ % & # ' ( " ) *

Página núm. 78 BOJA núm. 82 Sevilla, 28 de abril 2011

! " # / $% 7" &' 8 /( /938 #: 9 )-) 1 45;7 ;%7;)1 #!: #! #,.= # 1 >.;?)1.= #! # 1 2$.;<25)1 #*.= # #*: )

UNIVERSIDAD DE GUANAJUATO SECRETARIA DE GESTION Y DESARROLLO TABULADOR ACADEMICO DE CARRERA VIGENTE A PARTIR DEL 01 DE ENERO 2016

"#!$(!)(!)#!$* +()()(!,(-)(.)!/ #()!0!(!(- $1!23-4# 5,#"$( -3!-

&8*"#-(%!9:;8"(9<-(% !),='):-'%+,-$).-#)/!

!"# $% &! & #$ $!'&!! &

% #$&'#(% )'#$"*#$ * %!,

$%# ! " ) - " " &/)- %) (.+ $ $'(* ($ ()$ %)$ %6'()$ " "&*")$ $)$ %$")$ %) ( $)(+2* <-" " *)-"( 7*$+) )(" ($ :+;$ &"$- $)' " )$ " $$* *"(7 : 4

!! " # $! #%! & ' (!!$ 2

!!! A<;B;9C?=>D9! *89C;EC8!

% &' &!! """##$$# "%#$$#

? ! " #!$% "!!&'! " ( )*!&$! $+"!$!&', +)$ $!$!""$!"! " # -.- # +)$ ## $ #( &/!"! 0! #, "0 1" $/+2 13$ $ " ( --

UNIVERSIDAD DE MURCIA

Compresión de Imágenes

!"# $ % ),' ( $!!* % #- &!-*!!.! " /.-0! $ " 0 1 $! 2" $! 3 $$!, % #4*5-0! % #! %$ # 0! * # %% #0! *# %& 0! %/ %6 & )'0

!""#$% & &!" $%!" "' #' "!"" $ #"$!"! #'

C4 XSARA XSARA PICASSO BERLINGO

13. REDUCTORES Y MOTORREDUCTORES DE ENGRANAJES HELICOIDAL SINFIN CORONA SERIE 2000

!!" # #" % '()*++, / ) "*. -" "& & 2- & 2- " "* ' ''5

Sistema de Clasificación Documental para Bibliotecología y Ciencia de la Información JITA

C5 C8 VEHÍCULOS PARTICULARES. CAR 000 Tomo 2

!F'%$" G++"% (((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((()(0B

2 $ "! "! " # $ % & ' ( " ) " " ( ( " $ * & ' ( " ) " + *, " $ $ - ( " &

I NDIC P Cf L G Ró 3 S g Cf Bhg G g Sh 19 T Cf Mé Bhk g 31 C Cf Dó Sf 47 2

UNIVERSIDAD DE MURCIA

El obispo Gallo y su papel en la nueva imagen contrarreformista de la diócesis de Orihuela Alejandro Cañestro Donoso Cristina Gómez López !

! " ## $ "# % &' 6 # # 66

GRUPOS CULTURALES EN LA AMAZONÍA PERUANA: ANÁLISIS JURÍDICO SOBRE LAS

" # # # # ! # " ! " #( ' *! * " + + '# + '

#$%&%'()*)+%,-./0-/1'%2'34%-/-/%&%(5%+&/6/'..'&.7.)4/'()*)+%, 3%(*)/(/%3.1')(4..)/$+,.$.(4%&8

,-."# / $ 8)2 54..(9 +(!15 ): "15&; &#< ): "15&; (2(2" % %=" 5>!2!""#?!#!"# ) ;3"3() "2 ) &0&) "2 ")5".)

DEPARTAMENTO DE DERECHO INTERNACIONAL LA INTERVENCIÓN JUDICIAL EN LA ADOPCIÓN DE MEDIDAS CAUTELARES EN EL ARBITRAJE COMERCIAL INTERNACIONAL

GUÍA ANDALUZA DE RECURSOS SOCIOLABORALES PARA MUJERES INMIGRANTES

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

"#$%&'! ()'*'#+,&%-#!!!!!!!!!!.! /,(,!%#$%&,+%01!!!!!!!!!!!!!2! &3,$)1*!$'!*%+3,&%1#!(1)!)'4%-#! ! #1,!!!!!!!!!!!5! ! #',!!!!!!!!!!!!!!!!!!!!!!!.6!

... / (.0)!" #$ %.-1 *.2.%3!43 ( 4/ ( (.!4.)..(.2+ '*-% 1/&. '".. & ' (). / (../( *...) 23!4 ).. * +..4*-.% 1 ) ( 1..(..*../...(. *.4.

Ingeniería en el continuo humanitario.

3. Otras disposiciones

I.- CONCLUSIONES...5 V.- PRECIOS Y SU FORMACIÓN...37

!"#$%&#$'&() * '%")#$'&() +')&'$ ", ),$-."!".!'%")#! " " #

La vigorosa protesta etiope condena a muerte en Ginebra el plan tranco-inglés para la paz

"#$%&'!(#!)*!(#'(+*#,*!! %(!)&'!*-.'/&)('0!! )*!1&23#$.#!45*/(5#*0!! )*!45*11$.#!%()!-*#!6!)*!&5*1$.#! (cf. Hch 2,42)

# # $ % & ' & & ( & ) & #! ) **+,*-. ( #!/**-&

S Hás e 250.(100 escoltan e! féretro del Cap. Carranza en la ciudad de Méjico

" #"! #"! ! ""! * "0&

Servicio de Publicaciones de la Universidad de Navarra ISBN

@$4%-4$,"&4' '(FF' K"!'

)*(+,$%-./'$01(1,(-,.1%2-13#4%&&5(( ( ( ( ( ( 6( ( 7*(894&$$0,51,(-41%(:/203&;1('%1&$040$10$( ( ( ( ( ( <( (

+,% &)**)# /, $0/, 1

!"#$%&!'()($%"*#+"*(,+%!")(-%.)$%#()($%+ #+ "*&##+*"/$0*")(-%#+ /*"1"#"/$'*"2($*+%)("+%&0'+3($%+ #+*"4 %(-%+,/$'"*)$%$,+!'4"5 # $ " % 8 9 : 77

DEPARTAMENT PERSONALITAT, AVALUACIÓ I TRACTAMENTS PSICOLÒGICS

!"#! $!" # # # % & ' " ( ) %!! $ % &"! * +, -..-

!"#$#!%$$&'' $.'#!)#'#)'$.#'($!"

77 24.'. C A N A L S Í ' N E W Y O R K Jo y m as c a lu r o s o.

"!*#! $! +()! $ & #, -!)-&#! %!#.&%!!/!#)0#1 2 $ %!#%#!!)+% $ #-!)-&#! #$!5!/44()!))!6%

' /"!! $ &' # 2 # *! ' 2 ' 3

N U E V A Y O R K. S A B A D O 3 DE ENERO DE R e f ir ié n d o s e al c a so d e R o b e i t H.

"*&!!&! +",!%" -". !%2.3453(5'(() 787&! ""&&"&!",!%" &".

MANUAL DE ORGANIZACIÓN Y FUNCIONES (VOL II)

! " # $ ! % !# $ & " # ' $ ( &)* ' ! ' " ( # '( $ &' & ( &! &&( !# " " &( # ( $ &(

bunes 17 de Enero de 1021 No se reparten esquelas. D o n QUE FALLECIO EN SALAMANCA EL DIA 18 DE ENERO DE 1920

INDICE. Introducción 1

PROYECTOS DE INVERSION PÚBLICA A NIVEL DE PERFIL

Servicio de Publicaciones de la Universidad de Navarra ISBN

Material de Instalación

PROYECTO ARQUITECTONICO DE UN EDIFICIO DE TALLERES LABORALES PARA LA PENITENCIARIA ORIENTAL DE SAN VICENTE

Cronología del Conflicto Social

AC: CN=AC DNIE 001,OU=DNIE,O=DIRECCION GENERAL DE LA POLICIA,C=ES. Firmado por: DE MIGUEL MORO, TOMAS PEDRO (FIRMA) Entidad Pública Empresarial Red.

Colombia: Caracterización de la artesanía y de los principales oficios artesanales, por departamentos y municipios. Documento en proceso- ( )

!"! #!!$"%&%! %! %+)*,

CH1 Mi Plan 150 CH2 Mi Plan 250 CH3 Mi Plan 350 CH4 Mi Plan 500 CH6 Mi Plan 800 CH9 Mi Plan Plus 165 CI1 Mi Plan Plus 385 CI5 Mi Plan Plus 1100 CI6

% $& ' ( ) " * " + $ $" $ # ' ' ' "+, $ - &' ''. $" ') '!!" # $ # '!## $ #!"!" $ $'. & " * ) ' ' " &' # &&$ ' $ 0' "1 0( &1 ' & 0 $1 $ ' ( ' ) &' $"

!"#$ %&'()(*' +,-+.//0 % & %!' // ,) 9-+-,+:,$;48-#+:/<<704=<44

del 6 al 10 octubre 2015 ven y descubre l s del sonido acerca de

"!# $ % & # $ % % % % $# ' $() % * * ($+, - %., %%. $"- /./, $" % * * +#.-.+ 1/ %2 * 3 4 % % 5 3$6 -- %. $6 --

INDICE. Existen dos formas posibles de acceder a una consulta en el Indice: POR OPCION DE MENU POR ORDEN ALFABETICO

!"!# $"%&'('"'(%) "*#%!(%'"+*!(,

!"#$%#$&'#()*(+)*,%#-(.&$)"*#-(/(-%( +01)"#1%"#-

/ info@qsswiss.com / Tel. (55) ,-./ 0 !" # " $ #% " " & " ' #$& " $ #"& " $ )(& * #

Determinación del ph salival después del consumo de una dieta cariogénica con y sin cepillado dental previo en niños

" # $ % " & '()* + &,- "+. /"& " 0 & % & + + "1 )%

! " "#$ %"& ' ( " " % #! '!! ' ) "! *+! " "

4. '- $0 # 6 # '! ( +, 4 ( +5 4, 4 4, 4 ( (,

$% &'% " & (!) * +,) '"% " $ &. "/ / / 0 /$& 1 %(%//%2 " 3' & " 24%5/$ "% &"/6789/3&"'%$ "#.

! " " # $ "!! %"! &'!! ( )!*

!" #!$$%&"% '( )!!"* +!,*)#%! "

Transcripción:

1! " "!"! #" "$ %" &!#" '! $( " )! " """ *! +"",$" $" -!"" ".! """""" "# /!""#+!"( 0""!""!01 PASSES E RADIAÇÕES &!", '!",( )!"& *!"" % -!"".! $ " " /!"""2"3!"" $!" 4"!4" 1 &!""" '!"" )! "1 ( 0""" *! "$ 0 -!0#""""4".! #" 0" /!#! 565575869:;<=;>785? @:;=;A 567= 5756B;:5577 67 <@6C? 7 < D7<;7: 69:;< @:7E;< 7876 ;55 85@6=;<C? 57: 7 5F:;=G H@57 : :=;7 75575 <5 58 7= I J7;: 6 ;;>B@ 5 K9 :@=7:7 57=7<; 58;;< 5 6 755:7J8 6 6 55@B7 7;@;7 <@ @8 @;:5 >7A7586 6@ ;6@=5 7<;76< 6EL; M67557:N=D 7;F;<? 57K@=>;;56759>7=8775 7<7559; 8 < D7<;7: 6I>; 55@: 86 H@7 H@5757675? 556B;: 5757< 5H@77G :7:: 8:NII<7: H@757 5N7 5 N7; 5577J D775575 < D7<;7: 5 7 57 75:7 5@ 69:;<8 <;7:;J;<7:78 7J;<;O<; :N=D @7:97@;: J<;=;:J;<9:7J 5N7J7;: 75756;;:@;5H@786 7; 7=758 7L76=;J;<8 57; D@;78 5 75;7: 5 7 N 7 7 < 67C? 67<7;:@ 5 >7=D ;5: 8H@7I 55 7;G < 7 ; H@7 D9 ;F7 5 < J75 7 N > :7 H@7 57 75J C 6 < =N 7: 5 557:; 58;<=@5;>77<@58< K9;557 58< H@: 7 5767:7D 6 55;N;=;75 @ >75 6 7=;A 75:@ 5 7567<;=;A 58 < 5

7<7559; 56 < D7<;7: 75:755@: G 75<7>786 ;5875:7=;> 8? :7 57; @:< ;5H@7< = < =<<77 : 58; 57 56: 575J C 5;:7=7<:@;58 67H@7 =7< D7<;7: 5 ;;56759>7;5@69:;<K@;<; 55;CP757 5655758? 5E6H@775:57 : 7 ;5 7J;<;7:78 < :NI 6 H@7 57 D 7 7 675:;;78 < >7A ;58 < D7<;7: @:;9; 56;;:;5 8H@7? 7>7577=;7<; @75< D7<; 77D@757@5;F7 5567<: 5G <6 <;O<; J;<;=8 565575I:;< 5@<J <7;: 575@6=;<C? >7 57 5767 ;;<@=;A8 75 H@ 7=;A 6 I;< 5 7 @: 5 6 J;55; ;5:;:@= 5M6 ;55 8< 7:7:76O@:;< 85E@;: 77L<76<; =7:7 :O5; 7=75@:;=;A 5875@69:;<I:I75 < 5;7:5755? =7=85@K7;: 67=;75G ;6 5: H@7;576Q :;7 67< <7;: 5< ;55 655 G :7 5756B;:58: >;8 6557I@7:7@5@=7<@7J ; 56;;:;5 H@7 6 >7@5@7N;=;:C? 5 =D 5 6 > 8675:,=D775:J 7 757>;C 8 7:7 ;5D@;=777<755;: H@7875569:;<8@J777 75N77J;<; 5G 75 :76 D @855;8 56;;:;5 87E;7: 5H@7=75H@78 <6 <;7:BJ;< 8 5: < ;J;<@=75 7 : 5 :78 :,57 J; 75 7 6; 7; 575@6=;<C? R<7=5 7$07= :87I;M7 78 7578 @ :7:8 @;557@8(@I8#@:D;78 :;78 7=7@57 7 @: 5 7;7:75 7 7> : 5;>75:; 75H@77<7< 755:7J7H@786757@< : 5 5I; 58 < :9; 8 5767 7567A 5 67= 5 < ;J7@5 5 <7;58 K;575;7<N6 75:N7=7<7J@7: 55E=; 5 < D7<;7: 7Q 69:;<75:77J;<;7:77=77: 7<@:@=G? 57 ; H@7 :: 5 65575 < 5 ;CP75 5? < D7<; 5 757 :;@;78:7 5; < 7:75@69:;<857N7H@75767; 57:76;>:;> 7;;<; 575<7 :757>9;57=;;P75875:@9; 5J7<D 5G 6E6; S75@5? 75; @<@6 7; 7;6 5;C? 7? 5T 5857? J 56;;:;5 86 >7 5@77=;AC? 77 5: 5@ @:;=;7 6 <@ 7 =I5:;5 J;5;<5 7 65BH@;<58 57 F>; H@7:;5 7:75 57; D K7757;;5<O<;57< ;556555G 58 75 7:7 5 756B;:58 < D7<;7: 5 65575 7 7J;<;7:7 7 @;: 76B;<5@6=;<C? MD9@;: NB:; 6755 =7<@7< 7:778@;:5 >7A75 6 > < 75@=: 5 < :9; 5 5 757K 5 @ 7<7559; 5 7 55;8 < I :@=867K@;< 5F7 5 7:75G? 57 5<5 57H@7 56E6; 556B;: 58;< 6 57I;@58? 5 655758 :,57 @ 77=;A ; U<; 7567;: 75:7 55@: H@78 67= 5@ ;6 :U<;767=5< 57HVO<;5H@7<7:87>7957:: < @;: ;5:7C? 7;:77557G 57@ < D7<;7: 8 767:; 58? D9 7<755;7 7 75:@ 5 6 = 5 7 75J C 5<5:;> 55 N7:: 555@ 5767:75; 5 58 75H@75:P75I:;<57 :7=769:;<58 >O 7L6 5:5 < 7L<755 7 6=>58 ;5 5 >7A75 67J7;:7:7 ;56759>7;5G? 57H@757::77;>75:; 75WH@775767576 J@ 5 75:@ 5 H@7 =D75;:7755 W H@: 5 756B;:58 N5:9 H@7 55;;=7 5 7=77: 5 N95;< 5 < D7<;7: 86? ;7Q5<75 @;< 5<;7:77:787 5@:;=;A787 ;B<; 8< 7=7> 6 6E5;: 757: 7F:7;5 6EL; 86 H@775:69:;<75:9 =<<77: 5875? D>7 7;@;7<@ M: 56 55@77:;5 ;= <@:;> 7 5@ J :7 @;>75=8 <;C? ;>;8 75:9 5767 <755B>7=M < D 78<57>;> I@<7: ::;> 755J C8@@5;<6A76 <77Q5@ <6:C? 8A77: 7;5:;N@;C? 5 7:758N5: 6;55 757K 5;<7 7 D@;=7 7 7L7<7 7557 ;;J;<:7 5<7E<; 7 <;7 7>I=;<8 57@ 5 75;7: 5XH@7=7H@76 : 5575<;J;< @865=>9,= 5G 75:7 =;> 8 K@5:7:78 757K 5 J 7<7 5 < D7<;7: 5 7557<;;5 6 755 7=;AC? 7;55 JA7 55767:75? =@75N7 ;H@7? 6 55@B 558 2

@;<7:78< ;:@;: 757>;G 757K 5 < < 7 7 =@ J 6 H@7 < D7<;7: 7 69:;< 5 65575 7 5 ;CP75 57 77=;A7 < >7A ;58 N77J;<; @ F7 5767 <75<7:7 7 7<755;: 5 7 7<7 5 75:7 67UN@= ;A7 H@7 56;;:;5 8 ;@=7:7< J7A77=C? Q7;@;787>7< = <75:7567<; 5 57=77: 57 <@ 57@7>; =@8675:;;, 586 :,=D75 5I;: 5875<=7<7 H@: Q5@:@7A76 6@=;A 5@6=;<C? G "? @Y 8C 7.'/ @: 6 75:;: 7 < J; >;7: 756B;: 7 55 6B5 :I 5 6;7;5I<575:75I<@= 8>@=: @ 75J C ;;>;@=77 5=@: 75H@7 ;J@; @:; < 5 75>:75 H@7 >;D 5 757>5 7 5 D 5:;=;75 N;7:75G 5 ;AC? 87N575>C5877C? 56B;: 5: 7"? @= 86:;7.&/8J ;;;<; 7@;:7576=7C? 875:; :7 >;7: 6 <;D 5 > 5 7 ;5 6= 58 5 7<;: 5 J7<D 5 6 5 975 6FN=;<58;6,577555 N7:7 57; 5<@=:@;577=;; 5 5 6B567= 57@ 7>; >= 767= 675:B; H@7=D7>;D56E6;5J;=;755 <;;57D@;:9;5G 5:7=;> 6 757< 5;7 @ 5< 5755767B 7 > 7:7>7 I;: 76 >77N;=;:C? 565575I:;< 57756;;:@;58< 7=77: 5 @L;=;75>=; 5 5H@75? 55;5:O<;756;;:@=7>; 6 > M< 8:NI87 ;5<;6=; 7@;J;< 5 69:;<5 @:;9;5 58 5 N7:@ 5 655758 H@7 NB:; 75 7 75;J;=:CP757< 7:7575:D5=7>>@;:5>7A75 ;B<@= 8 75<I;: 8 :7: 7:;>7:7 < : 57;77 7 7J;<;O<; <;7:BJ;< 75:7 67<; 5 7=77: @L;=;777H@;=BN; :7;=765BH@;< G 7 @:6:7875:7I@57: 777;7: 8H@7@;: K@J <=;A ;6 :U<; 5 <@5 756;;:@;58 57@ <9:7 7 5 = 6 7:; 67= ;>; 75:786=B>; 5 J;7: ;;>;@=8;7>;:9>7=777=;A 8 D 77< 75:7@ ;J7; 77L6;CP75776 >5G "? @= 8.*);: 5: >7;C? 86;7;6E5 757<7 @: 8J ;7=;A< J;=;7 7 6 <77 @ 7>;5? 5 :7 5 <;7:BJ;< 58 6;<;6=7:7 7<=:@ 7 : ; 0@ 7J;; 67= 77C? :7<; = 5 55 <;CP75 7 : ;5:58 <;77"? @= 87 5: 7..*G A@ >5I;77J : 58:7 < NK7:;> < :;N@;7=D < 5J;5 ;9:;< 5 5H@;575: N576 6P785:I:@=7:76 5;C? 5 7= 5 7< J ;7< 57;CP75:7; 75G 6 K7: 9J;< J ;7 > 86< 6:;N;=;A< < K@: 5 N5Z"I;7 [86@N=;<56 75:7;: G 6=77:7:7 ;55 8 @ 7H@;67 7 < =N 75 =;C 56B;: >I=;<6 @A;@@J;:7>B7 8N5775:7=;> GJ;:I@ 6 :@7=;AC? H@7 67;:7 ;8 5 =7;: 75 H@7 :7D H@;; 8 < 6D ;U;< 5 >;7: 5 56557575@56=;<CP758J<;=;: 57@7:7;7: G 3

4 "? @= 8K@=D 7... ;: 6 ;AC? 5 65575 7 @:5 69:;<5 @:;9;5 H@; 75<;:5 J 6 >;O<;5 :577C? 56B;: 5: 7"? @= 67J7:;>@;7 5 69:;<5 756B;:58 55@: 7 =: 7=7>U<; =7> 755 7 ;J;<C? 8 7=;A 7.&*875:6;:=G < 6 D@ I 5:@9; 56B;: 7< 7 ;5:@7: 7H@775:757 57>76 7L7<B<; 75@5:;>;75 @ JB5;< M6 ;55 J ;J 77; H@78 75 :76 H@77L7C7555:;>;758677C 56B;: =; 6 >9; 5 7; 5 57@6E6; @ 8H@7I 756;;:@=G ;55 :NI7< 7>7756 5N;=;7H@7: < D 77< 7A7= 7756 767=< 57>C? 87H@;=BN; 7D ;J@<; =7557< 6 G " < 6 JB5;< I @ 9H@; H@7 J@<; ;;:7@6:7:78 5<;7: 757<78<; 6 J C5D@;5 7; N;7:7M< 5:;:@;,577@< K@: 7 :7<; 5 7 E? 5 7567<;=;A 5 7 @:\ 58 6 I :; 5 @; 58 ;:7 58 5;5:7< @86 J C6757C 56B;: 7< G + J 7 :I; 75]77; < 75 >9; 5 @5^8 6757: @ J :B>7=8 7=5 N7@<N @C 75;5:7:77J=7LB>7= 7 8 7:I7 87 @ @ <<:7B5:;<8 >;9>7= 6 < ;;>B@ 8 >;5B>7= 6= D;67JB5;< 7 < @7:7=;;:@56 @< 5<7:B7: 56:;5@67JB<;7 < 6 G 5@;:7C? 7; N;7:76 55@; 56B;: 7< 5E? 5:7;;5 557:; 5R>;5? 8@;C? 8:: 86=7 =J: G 7; 7=75: < D7<;7: H@75765557@7 8 @ JB5;< 786 ;:7I; 67;56B;: WH@7I < 6 756;;:@=W=;,57< @ ;>;5B>7=J;< 855;86: ;8 75 :76 8 5 ;56= 57;J75:CP75>;G 9H@;D@IJ 6 <I=@=58:7<; 58E? 5867=D 575;5:758H@7 5? >9; 5 7 ;J77:758 75767D <@:7J 7 66I;5 7567<BJ;< 58 5 5767 < 6=77:75G + <I=@=I@;7 J =E;<7J;5; =E;<75:@:@ 55775>;> 58 @57K8I N577: ;AC? >;>G 757< 5;7@>77; Z ;5 [8=:7:7 7567<;=;A 8< 6 5: 557@;:757=77: 5R 7N<7=@= W H@77> =>7<I=@= ;: 6=5 W 5@N5:U<;J@7:=8H@=75:? 7@=D5;>7556:B<@=58<@ 5H@;575767D J@CP757567<BJ;<5R;75:? 8756;C? 87L<7C? 86 @C? 7

77;87:<GGG F<=7 W I 756 59>7= 67= 76 @C? <7=@= 7 67= :5;55? 5 <<:775 D77;:9; 58:>I5 5< 55 5]577 5775^7=7< :; 5875:@:@ G 5 <I=@=58 7N ;< 5<E6;<58 6 55@7 >;5 J 58 57@ 57K @5<@=7587> 558E557587:<G " 5 <I=@=5 57 7567<;=;A 7 57 @6 7 < K@: 5 < <<:7B5:;<5 577=D:75R5<I=@=57> 55< 5:;:@7 :7<; 7> 5 85<I=@=5E5575< 5:;:@7 :7<; E557 87:<G #" ;>75 5:7<; 5577F76J @75:@:@;5< 6=7L8756 59>7= 6 @J@C? 7567<BJ;<R E? G $? 757E? 55;6=758< @ 55 8@F5<@= 8@7> 8:I @: 5;5 < 6=;< 58< 75:\ 8 < C? 8 ;:75:; 87:<G """? 5 7@; 5 6 75767D 7 J@CP75 7:7;58 < 5:;:@7 5 5;5:75G 67=D I@7 ;C? H@78: ;:@=8:: 6 757@5< 5;\; 75;5:75< :NI< 57:; 6E6; 7@55 <;C? 75;5:75G 7L76= R ";5:7@5<@=55 <; ";5:75H@7=I:;< J ;@67=D 7567<;=7 767=D < : M ";5:7756;:E; 7 @5<@=< 6 ; 67=D J 87:<G ^""#" + J 67= 5 E? 5R N <8 75\J 8 75:\ 8 ;:75:; 5 7= 7 55 87 =U@=57L5]JB 76U<75^;5=U@=55=;>75G 5:75;5:7I75:; <6:8;6@=7N5 >7=;7: 577=;;75B@ 5 7:NE=;< 5? 6 >7;: 5G ;75:? < 7CN <8 7 5=;7: 55 J7C? 5=;> H@7 < :I 7:75 ;75:;> 5 ]< 8 6 7L76= 8 ;=57 5=;>8 H@7 :5J ; 7 CF<^M 57@78 :>I5 7 >;7: 5 67;5:9=:;< 58 6 75\J 8 655 67= >9=>@= <9;8 7: 75:\ H@7 5 ;6@= @:7@ <7: :76 8:N=D, 5< 55@< 5;75:;> 5H@7=D75? 6E6; 5M757@;8 :>I5>9=>@=6;= 86556 @ 7 8 7< :;@57:: 567= 5 5@< 5;75:;> 587:7 5H@;5H@7=75H@7>7 JB 76U<75G :;@87:? 8 67= ;:75:; 7= 8 7579; 6:7N5 C? 55@N5:U<;578J;=7:78 >? ;:75:; 55 87 75? 7=;; 5:>I5 U@5G N5 C? 57JA:>I55>;= 5;75;:75:;;58 7577< :J;B55; 5 <6;=75 =;J9:;< 5 7 5VB7 5 H@7 7<7N7 5 5@N5:U<;5 7 5 ;5:;N@7 :>I5 <;<@=C? 6: ;5 G ^""" N5 >7: 5J7? 5 7:7 L;O; 7<7559; 8< :NI J=@; >;:=8 H@7J 7<7 ;5 ;;56759>7=77;G +J 557@;:75E? 5RJ 5555;58J;78=;78:H@I;8N\H@; 57 6@=P75G =;7 5;:@,57 5 < 5 > <;5 H@7 5? E? 5 75:; 5 @5 5

6=>G 56@=P755? 7> =>; 56 @7N57 56=7@W77=75677: 5 N\H@; 58H@757;J;<7N H@B = 57=>I = 5G5:755? 7> =>; 56 <6;=75 5VB7 57I 57; 7=75H@7579 L;7C? 5@7G 5@7 >7 5 >7 N N7 67= < C? 7 5 =>I = 5 I L;7 8 75677 95 <N\;< 8655 7>7 5 :7;= ]775<@ >77=D ^8 6E6; 6 L;75<I=@=5 >7:7G ^";5:7;<@=:E; :I>;8 <= ;:7 7=7>: 55<I=@=58:>I5 5@78 =;7: 7H@757@:787:; 575B@ 57:NE=;< 5:EL;< 5 ;5 ]7LGR\;8 ;;;75:? 56 :7B5^G +J 67= < C? 8:I;58>7;57NC 875@;7:7G 5:I;5< @A75@7;< 7 L;O; 8N N7 67= < C? 6 5>5 5 5@B7 57 758 5<6;=758 5H@;5577< :7B:;7=C? < 5<I=@=5G =;8 5@7 :7;= 7;L L;O; 8 5@N5:U<;5 =;7:B<;58 7:<G8 78:5J,57 75@7>7 5 8=7> 95<N\;< 75@N5:U<;5:EL;<565777=;; 5G &^""_ 7< =D777L67=7 575B@ 5>77 5 575@=::755: <5J;5; =E;<5G+J 67= 5;58 5@7:7758N7L;7@7:G7= 5>5 56 6; 58 5@765567= 5 ;58 75 J7@6 <755 7J;=:C? 7 776 5;:75B@ 55777=;; 58 5 H@;58757@;875<767= 5@7:775:IN7L;87 75? 7L67=; 567=@7:G '^"""1 + 6777 5 55 57:;<@=CP75 5H@;58 57@< K@: 8J 75H@7=7: 8 <N @C ;K H@75@5:7: < 6 86 :77, 7,=D7J G5 55 5= 58 6;<;6=7:786 55@7;85@7@=8 :7<; 756 59>7=67=6 @C? 5 <I=@=55VB75]=EN@= 5N< 57>77=D 5^G )^""" H@; 57 75:@ 5 7:7 5 F5<@= 5 75:; 58 756 59>7;5 67= 5 >;7: 5 > =@:9; 5G5F5<@= 5=;5 58>;5<7;587=7:76 55@7 >;7: ;7677:7 > :78;< 5<;7:7]7LGR< @C? =;7: = :@N ;75:;> ^G 5F5<@= 575:; 56 55@7:7P75H@757J;L 75H@7=7: M75:7;8 67=< :C? 86 6 <; 5 >;7: 55;>7556:75 < 6 G *^""# 5:7 5;5:7 7L7<@: 6 <755 7 76 @C? 7 6767:@C? 756I<;7G 67775\58E? 56 @: 757<I=@=557L@;5] D 7R 5:75:B<@= 58 756 59>7;567=6 @C? 77567: AE;75M@=D7R 5 >9; 58756 59>7;567= 6 @C? 7E>@= 5^G@=D78=I;55 86 55@;; F:7 8756 59>7=67=75:C? G -^"" 5 =U@=5 7E<;587>; Q 5@;:;;:7767O<;8 < 5:;:@7 5;5:7 7 ; 7E<; G56;<;6;5=U@=57E<;55? R76BJ;57 @6;7=8D;6EJ;57 @ 6;:@;:9;8 H@7 < : = 5 @:5 =U@=58:;E;7 7 6:;7E;78:; 8 6U<75]7 5@ J@C? 7E<;8H@ =C;5@=;7=@< 5@7^87;58 >9; 58:75:B<@= 5 78J;=7:786=<7:G 6

5=U@=5D;6EJ;5776;7=5? 6 : 5575B>7;55;:7>7CP75756;;:@;5>; B;< D 77< 85 N7:@ 757> =>;7: 75@5J<@=7565BH@;<5G =U@=6;7=6 55@;@@8@< <7C? @7: 8H@76757: 5 57:7 :;A75 5 < 75 N95;<5G 55 @? 7L;5:7 <;C :75 5 57:7 5 ] =7:7^87 5; 5 5< :7; 5<=7 57;:757 57J;<;7:757:;58 H@7 6 >H@7755=U@=75:9=;Q>;7:= 5D 75G+ E? 6;<;6= 756;;:@=;77< 5<;O<;5< ;55:: 7L:75H@: ;:75G.^""$" 6757:,57< ;5< 6=7L H@7577J77Q5J@CP757Q5:;>;75 56B;: 7< G 7: 55:;>;75 U;<58< @A; 575CP757;I;5 6 756B;: 7 756B;: G"7>7< 7=77: 6: ;5 Q5< ;CP75 7: G+J 67= :7<; ;57=;< 7< 6=7L 7: 5R :7<; 7> 5 G < 6 JB5;<? 7 J=@; >;:= @J C6 : :;>;7 U;<8 7:7:: 7<7N7, 5<7: 57J C 67;56B;: 7N5 >7, 7; 7H@7>;>76 ;:7I; 67=78 5=;7: 57756;C? G: 5 5<5 5 5;5:77> 5 I >7B<@= 7 7<7N;7: 7555 J C5 78 =I 7 A79,=5 7 E? 5 6 6; 5 ]6=7L 5 7 <7: 5 7 J C^8 J;=7:7 5 ;5:;N@; 6 :@7:7 : 5 5 E? 5 ;:7 5857@ 57<755;75 7:U757< <7:C? 7;5675? 8= <;5 @ 7;58>;5 5767@:7C? 7H@;=BN; U;< 857@;: J@<; =75@ D ;;:7G 7<IJ= 8< :; 7: <;L<;86 757;>;; 7R7@= N= 8 6 :78757<IJ= 8<77N7= 8;7<IJ= 7:7=7<IJ= G 5= N 5J :;5 <I7N < :O 5F<=7 5>;;:7=7<:@= 756B;: 7 <77N7= I577 5<7: 5 7H@;=BN; U;< >;B;<8 57:;7: 86:7 75:H@7D@;7:@=75:957 5 N76@K67= <I7N :7; < D;67: J; ;:7=;O<;7: J;>; =G ";5:77> 5 7;JI;< 8< 57@57> 58< @A75:B@= 5 7; N;7:7 6 756B;: 7 >;<7,>75G 5575 75:B@= 5 6 7 57 > =@:9; 5 @ ;> =@:9; 58 < 5<;7:75 @;< 5<;7:758 : 75 @575;:;> 585 9:;< 5 @>;5<7;5G ";5:77> 5 @:\ I H@7;5 5;:7755G+ 756 59>7=67= ;7>C? 5>B5<757H@76 757;>;; 86 5@>7A87";5:77> 5 @:\ ";69:;< 7";5:77> 5 @:\ 55;69:;< G 55;69:;< 8 5@ H@57 : :=;78 I 76757: 67= 7> $ 8 H@7 ;7>: 55>B5<75:I ;:75:; 55 5@6:7;5=:8;5 @7 5G7 @C? 7 G ";69:;< I< 5:;:@B 6 @<7;7U=; 577> 56EL; 5Q< =@ >7:7N=87 ; < ";69:;< G"@C? I7L<;: G 6 7L76= 5;5:7 <;<@=:E; 8 578 6 H@=H@7 <;<@5:U<;8 67 ; C? ";69:;< 8 < C? N:79 < >7A ;5 96; ]:H@;<;^8 6 7 <;D 6 @ ;5@J;<;O<; 7 L;7C? 7 ;J: G "78 < :;7:78 >@=:C? $ ]55;69:;< ^87=7N:79<>7A7;: ;5=7: 86 7 <D7:I< 6=7:6=;5C? G 5 8 $ 7:6 76 @5 7=G $ 7 ";69:;< J@<; < @ : ;5 H@7 :I 7H@;=BN; ;:7 8@: :;<7:787H@;=BN; 7557H@7I5F77H@75 7:757 67H@ < 7;:7>7CP75;7:5 56B;: 8H@77:>I5 56=7L 586;<;6=7:7 6=7L 5 =G K7:,57J=@; 57557;? 8 N:77 5876 : 87CP75;5 @7 5 ;:755; 6:7 5E? 5;:7 587677:75755>;>77::;>G C? 56B;: 5 N7 6;7; 75:75 ;55;5:75]";5:77> 5 7:=^I: ;:7=7<:@=8;7:7;;>;@=8;5: I86<<5 H@75@KD9@5 =@C? 6E6;8@ 7C? 8@756 5:7567<;=8H@7>7 <I7N 6 6 : ;5 7H@7 <5 < 7@G 7L76= 8 <5 7J7;7: 6 :7@7? ;7;:8 7

:B<;>;;7:7:7 <I7N 775:7756 7:NI;7:7:767557;? 8 7; 57@ 5< >7;O<;57<;<@5:U<;56E6;5 7: G " N7 5;5:7>77::;> 8C? 8< K9;557 58I;;7:7677:7R 5 E? 5J@<; @: :;<7:76 ;6@=5 5>; 5 67;56B;: 77H@: 56B;: 75:;>7=; < 6 67= <? @N;=;<=J=@B;< H@78< 575N785 7:757 67 < :7JB5;<G 75:75;5:7>77::;> < 7@756I<;77C? <:=B:;<M6757C 56B;: 7:7; J@<; 7: @: 9:;< < K@: 8 5<7: 57J C77:7 5 ;6@=5 5 5 6=7L 5 7 75:75 5 7> 5M 7 55; : 5 5 E? 5 J@<; 7@=7:78 57 < 5<;O<; 7:7 7<8 @;: 7N N 5 5 5;5:75 75:7K;:;7:7=; 5Q< :7L:@7 J@<; 7: U;< 77=G 7H@=H@7J 8:;>;77> 58:: < 5<;7:78 5;5:7<7:=8< @: 9:;<8 >77::;> 8:75@ ;7 5;5:77> 5 7H@ 75:757<58 < 7 75< : =75 7 =I5:;5 >75 < 8 6 7L76= 8 5 D;67:75P75 :7;;58 F=<75858< =;:7587:<G ; 7: ";5:7 7> 5 6 7 5 75:@ 5 E? 5 756 59>7;5 67= <6:C? 575:B@= 5 7; N;7:78E? 5575;N;=;77567<;=G"? 7=75R W$;5? W@;C? W: W#@5:C? W=J: $7K,= 557@;R $"W 6777<>;7 N;:9;8= N <@=77> E6:;< G67=D J@<; < @9H@;J : 9J;<87<7N7 5 5=@; 55:>I55<I=@=5 7:;7:5;:;,5 7> E6:;< 8H@75=7> <I7N 775:786 5@>7A8 :5;:;,5 Q 7:7 67;56;;:@=8 7 ;6755? =@; 5 I <=55;J;< 7 7< D7<;G W7<7N75 55 5M75:5JA7>;N :B6 8655 @>; I; 876 ;5 @>; ;:7 78 Z<< =[8:;7 7> @;:;> 8H@7=7>5 5 <I7N 78B8Q7:78 67;56B;: 867>;<=55;J;<C? G @>; ;:7 8 5:7;CP75 7> 55 6D 5 ;J77:75 J7HVO<;5 7 5 587,5755;@< 7:7H@78 <I7N 8I;7:;J;<< :5@5;<;5G W 7<7N7 7 :5;:7 5 ;6755P75 7<7N;5 67= 76;77 7 : 5@67JB<;7 < 6 8 6;<;6=7:7 5 7 5G 5:5 ;6755P75 5? 67<7N;5 6 :7;CP757> 557567<;=;A58H@7577:7 <I7N 867= 75 6 <755 K9 7J7; G #" W 6777 N < 7 =B@8 7 7L;5:7 5 66;=5 @5::;>58 H@7 ;J77<; 5;5>; 55N 75877;P757567<BJ;<5G =B@6 55@;;=D757< 6F5<@= 5@5::;> 58<H@=< 5@=;C? 7> 5 ;7:< <I7N G W75:; Q;J77<;C? 5 757J 6 <I=@=56 6;5 7L;5:7:75@< 55=G5:757:; I77:7757> =>; 5;;57=D75 57>7? 5E67J75< 6N@5<7=;7: 5G 67;56B;: 8 5;5:77> 5 =;,57:>I5 56=7L 57U=; 58@5I;77 <7: 57J C87 ; 5<D<5=;:7:@ ;7:=85 N7 5H@;57>7 5H@; ;A7;5=@56=>58:7 7>;5:5@;6 :U<;6 :N=D 5655758 675 7? :77 5; <;: 5 6 `7< ;J;<C? 8 6 < >7;O<; 7 6 C? G :7586 I875:@7 5=@596; 5< <7;: 5 @:;9; 57567;: 7;G 8

^"# 0977;57;>75 5567<: 5H@7<;<@= 5 8=;7: >;7: 5 5577585H@;5:O>9;5 ;75R78 " =8 756C ;J;;: 8 55775756;;:@;5GGG 57=5:O<<:7B5:;<58>;NCP758 @=CP757< 75;J77:75G 5H@7>O " =5? 57:77< 756 7Q5< 75 7567<: 5 =8H@7 <,B;5 7J=7:755@575=@N:7576 I:;<56757:CP75G 5 7 5? 6;9;58 >; =7:5M >O <7: = N 7 :O 78 =;:7:@ ;7:=87J 5767:; 8a@=;;875<D7 5H@;7 C;9;G 5H@7>O 5756C 5;J;;: 55? ;F7587:75H@;5576 7<;: Z6[87=7:;<;78 5; 5<E5;< 5 7:;5 87:<G877;575:5H@7 D 7 N5 >767==;7:C? 867=756;C? 767= 5<7: 57J CG =;7:C? 8 75:<,57 5 >77:;58 5 H@;58 =I 5 5;5 ;7;5 7 5 77;55 =75J;L567=J : 55B:757 5<N ;: 587L;5:75>;:;5];5 >;^H@7<;O<;K9< 57@;@75< N;7<=55;J;<77F7 G 57555J 5777;J=@7:>I5 5< 6 5>;> 58=;7: 5@5 :;>;75;;>;@;5G :: 875@; 8>7;J;< 5H@7 D 77< 57@:7R ^7=;7: 55E=; 57=BH@; 58H@7N5 >767= 5;5:7;75:E; M N^7: 5JI;< 8H@7N5 >767= 5;5:7756;:E; 767=67=7M <^777;5756;;:@;5]J=@; 57; 5<E5;< 5^H@7N5 >767= 5<7: 57 J CG ^" 7: 5 7 C @ 5 5? <@@= 75 7 ;5:;N@; 75 7 J C 756;;:@=8 5;:@ 5 < 6 7:I7 ]^67= 5H@;5:5;: 5J=@; 577I:;< 57@56 @: 5 57> =:E; 57L:7; 75 56B;: 7< G D 7< @8 <7: 7J C57 6757:< @<B<@= 7;5 @7 5'<7:B7: 57;U7: 8H@5757N;=D M 6 I8 D 7756;;:@=8IH@575767@>E:;<7=@; 5 77J@=7:7G!" # $ %&'() )( ) ) *)) +, -+. + +. / 0 +..)1!2 1@: ;5:;> @757> =>; J <7: 7J C8; <6<;7777; 7=7< 6 :786 :: 8; 756 55;N;=;75 J77<777=C? 767 755 7577;M7< 5J<@=7565BH@;<55? J7:5775:? 8776:78 5@N ;5 J@<; 7: 5 <7: 5 7 J C8 < 6777,57 H@7 ; 757> =>;7: 7 @ 7=75 <7: 757> =>;7: J<@=7 65BH@;< < 756 7:77>;<7,>75G 5 <7: 5 7 J C 6;<;6;5 67;56B;: 57 = <=;A 7 7;P75 :\;<5 < 756 7:75 5 6=7L 5 < 6 U;< G 7=D < 6775? 55@: 8 5@6755< = <C? 77567<:;> 7<=:@G]^ 5=7L 585@7>;= <=;AC? < 6 JB5;< 8K@:7:7< 57: 57 C8 75:? =;D 57567<:;>7:775: 7G6 @87@6 57:O587576 5 6 @>B@=8<B:7G<@6 7:O5;:75875:9576 6 @DBJ7G _8]^ %8 9

"<=8(57756;D8(95;< G,0;6 95:;< 8(;L >7:78#7I5;< G,757:I;< 8 7;? NC 8 56=O;< G, " =8 7;? 75:\ 8 #95:;< G, B< 8 7;? 67< ;=8B< G, B7 8#:8 B7 G :=8 :78 :=G]&^8=: <N7C8 9; G 322' -.). 4. ) 5,. 6 7 ( 8 + ( +5 9!2 :75.5(5 +; < 7 ' ' = 2 >! 2 ^4""" "7@ 5J@CP75H@77L7<787;55J;=;75 5<7: 57J CR ("R < :7C? 7=;N78 5 J C5 H@7 :5;: 6 7557 E? 57 :5J 8 <I7N 8777;;:7=7<:@=G5:;@=757K 5875 N7 57L G6: 7;5:;N@;J C6;9;757>767:;>C? 57;5<7: 5G557:;>C? 857 J J7;:55;@7:75 N7 75 <7: 8@7:;=;7G]b^ 75N95;<5R L 7=KJ :7G #+"R7@=5:;>;75=;5 57L 87<7N7 ;J=@O<;;7: (95;< G 7:;>C? @7:=;N; 7@;67>;5B>7=86 7 =7> 75 :7: 7 757H@;=BN; 86 > < @;:5>7A75>6;;5 857 86 :: 875< 57=D9>7=G " cr7@=<;<@=c? 57=77: 5>;:;5<E5;< 5H@786E5<;<@=7857 7=;;67=67=787J=7:;,57@MH@: ;5;:75N5 C? 8;56 7 5 7:;5 ;;>;@=6=;<9>7=Q5<@5G7:;>C? @7:<6:C? 755577;58 >;:=;77> 57 =;7<;<@=:E;5VB7G 75N95;<5R7= 8 L 7 >77G #"R7@=;6@=C? 755;;=C? 5=;7: 5 U;< 5M;J=@;5 N7 5 7 CP75 7 575;N;=;78 7 5@ 6:; 6 @A ;5J@CP75 >77::;>5G 75 N95;<5R L 7>77G? 2'.5,+ )5/. ; + + ) ) * ).- R 7@= 5 7 CP75 7 5 57:;7: 5G 7:;>C? 7L67 5 57:;7: 5M ;J=@; 5 N7 <;<@=C? 5@7 7 5@ ;6@=C? I 7=;<G 75 N95;<5R 57 @ N;=D:7G #R 7@= 5 :;>;75 =;5 @5 6=>M;J=@; 5 N7 @;C? 7;F;<G 75N95;<5R6:7A@=G R7@=5:;>;75;:7=;7:75M;J=@; 757> =>;7: >;O<;M:7 =;CP75< D;6EJ;57G 75N95;<5R L 87= 7A@=G R? 7=;C? < @ 756;;:@=M57>7 56B;: 6;J=@; 5 N7 57;5<7: 57J CM;J=@;5 N7 757> =>;7: 7;F;< 6 5@=;C? < 76BJ;57G7:;>C? 9< :;@;77< 5<;O<; 5 7 575 N7: 5G 75N95;<5RN< 7 @ G &^+ 5 6=7L 58 < K9 7L6=;< 58 75:? 5;:@ 5 < 6 J;5;< M 5? < K@: 5 7 10

= 7 577> 57U=; 5 ";5:7$, ";69:;< H@77@=>;>77::;> < 6 D@ G 5 <7: 5 7 J C8 < :9; 8 5? 75:CP75 7 J C 756;;:@= @ J=@B;< 67;56B;: 7 < 6 7:I7 MJ @<6 7=7: I:;< @:;=;A 67= 56B;: 7 J@<; 76=7=;C? < 56=7L 5 < 6 :7;=G < 6 7:I7 I < 6 5: 7 7J=F>; 5 >;:;58 5@ ; 6:7 7 5 7@ 65;H@;5 < 6 75 87557@=;C? 7:7 67;56B;: 775:7 H@=8 =;958JA6:78< 57J 557@6 = 7: G 557< 6 7:I7 75;:7,577/&/;56E5 :7 < 6 JB5;< G '^"4"#" 5J C5756;;:@;575<E5;<58>;5 56C @78677: 5 <7: 57J C5;:@ 5 67;56B;: 8B655 56=7L 5 U;< 5775:75 5 7> 58:5;: 855;86 : ;5 G 577;5H@7J=@767= 5<7: 57J C6 55@7@7:7;7;7 77:7;< M >7,578? 7=;D7:8< 5 57=@A856 @=CP75G "7@ 5;J=@O<;5H@77L7<78 5<7: 57J C6 55@7< 75;J77:758 67 ; 8 7 < @ 7=758 H@7= H@7 < 756 7Q5@:@7A7:;>;7 J@7:=G ; 57@ 755 :@7A 7 ;56 5;C? H@7 @ < K@: D@ 86 757R ^ ;5; =E;< 5W7I5;< 795:;< M N^ <; ;5W<B< 7=B7 M <^56;;:@;5WJ :=7< 9; G 5:75 F=:; 5 :O 75:7;:5 =;CP75 < 5=U@=576BJ;577 D;6EJ;57]6;7= 7 6;:@;:9;^7J@<; < 7=77: 57=;C? < @ 756;;:@=5@67; 8< K9 ;557 5G =;7:C? 5EN;8 N5:7C? 7 :EL;< 5 7 @: 5 J: 758 ;J=@7 5 N7 :U5;: =;>77757NC 577;567= N;\; <7: 7J C,6=7L M;5: I@;: ;6 ::7 6 H@7=75 H@7? 65575 7 H@7 7<755;: :7 5767 5@5 6E6;5 J C5767J7;: ;: 7<6<;7G 5 7;<7: 5 :7;;5 7 5 N7 5 >B5<758 F5<@= 5 7 7> 58 5 5 77;5J=@B;<57I:;<575 N7 5<7: 57J C;7:7:7G J C6;9;677:67= <7: N95;< 87567: 57;5<7: 5787<7: 5 <5 586 > <5@7:;>C? G =@5;;>B@ 58 5<7: 5J :=7< 9; 57< J@76O<;8>;5: H@75@5=U@=586;:@;:9;76;7=875:? < 6 JB5;< 8H@57K@:5G < 6 J;5;< 8 5 E? 5 5 57:; 5 7<7N7 5 ;6755P75 7L:7; 75 7 5 :5;:7 <I7N 86 < D7<;7: 56B;: M6 I8 67;56B;: 8D9:I; 6E6;7<7N77:5;:;5;6755P75 @>;NCP756 <77:75 7L:7; 775:7I 577 < 6775? H@:;75? R 56B;: >O757:77: 5 557:; 58 577<755;77= <=;AC? 86 H@7 57@7> =:E; 87: 7=78D9<I=@=5<6A75 77<7N77:5;:;:;5;6755P75G <7: 7J C87567: 8@7:56 55;N;=;75 557:; 5JB5;< 57 756;;:@;58< :NI7J<@=7565BH@;<5 @7;F;<5M<@H@77567: @ 57757> =>7: 56B;: <6A767<7N7 >5 757>;NCP75G 577;55 =75677: 5<7: 57J 7 @=CP7567J77<;;5 @ 7567<BJ;<58J ; 57< 75;J77:758< >;:@75;J77:75G 7L76= R L 5 7 =K 5 W ; 5 6E6; 5 7I5;< 8 7 >? 5 E? 5 76 @: 75G@5 75:75:O>;> 5 5757K 5W=;N; W7H@: H@7N5:7C? 5:5J 7; 57= 586E6; 5>;756;;:@=8H@7655 <I7N G 7= 5W$? < C? 8H@7>;>7655;7:7:7 <I7N 86 7567: < 9; G $775 W @ N\78 <7:=;A,57 6=7L 5 = 6 >;>;J;< 5 11

E? 5;75:;> 577L<7: 75G E575W;<@=67= 5;5:77> 5 8 H@=5? =;7: 7567<BJ;< G I8< 5<7: 57J CJ@<; 6= 756;;:@=8757676 7 :5;:; < 6 JB5;< 8Q< 5<;O<;JB5;<7567: 7; JB5;< 85;6755P75H@7=9 75:? < 5::77:7 7<7N7 M D9 J :7;5 >;N:E;5 H@7;677 :5;55? R @ 756I<;7 7 < :; >;N:E; ;5 = 8 H@7 6 :77 < 6 JB5;< 5 <D H@75 < 5::757@;:5>7A7567;<; 5 57555;6755P758< ;5;:775:@7 5G 5I;@585J<@=756 7577567:56 =:7CP75;: @A;5757@ < 6 67;56;;:@= 67= C? J C 6;9; ;;;M 6 I8 757> =>;7: 67:@ 5 <7: 5 7 J C 6 7557 6 <755 8 5 N7:@ 7I5;< 8 I =:7:7 < 79>7=767; 5 86 7 6 @A;67:@NCP755I;5G 7D@69:;<75:757:; 7>757< 57=D? 57 757> =>;7: @=76=7= 5J C5 ;58>;5 7>7=;AC? ;;>B@ G J C7: 5<7: 57J C85@;6@=C? 76B;< @H@7@=:6557<7: 5 =;;:758 6= :7;=8 757H@;=;N 5 E? 5 < 756 7:75 78 756;;:@=8 6 @A7;5:FN; 565BH@;< 57 N5755P75G @: = 8 57@ 75>A;7: 7 6:; 6 @A7 7JH@7<;7: U;< 7 65BH@;< 867=;:7@6C? J=@L 777;5>;:;55@5:7: 5 7:N =;5 J=@B;< 7=G :7:: 87< D7<7 < >7;O<;7:;>C? 5<5 57757> =>;7: 7;F;< 7 <6 5<@5875:@ 5@6 <755 5;6=7587;:7 H@=576 78 < 57>; 5<@; 58;: @A;@:;=;AC? C;9;569:;<5756B;:5 J 7 5: 6B:@=.8:7G " 6 7 575@;:@ 6;A7RH@7 < 6 D@ I@@;>75 7;;:@8 7 J@ 7557<;=7:7 ;U;< 8 J 7 77; < 75 7 <I=@=5 >;>5 7 ;:7=;7:758 @65 7 < =\;5 7 D;7H@;5 >;N:E;5 ;J77:758 H@7 57 7567<;=;A6J E? 5867=D 575;5:758<H@=< 5@5<<:7B5:;<58 >;7: 57J;=;756E6; 587: 5=; 57:75;67= 5;5:77> 5 M7H@7 7557 >;=D 5 < K@: 8 J@C? 756;;:@= 7677 77:7 75:7 5;5:7 7> 5 H@7 I 7 7@= 7 : 5 5 :75P758 7=CP75 7 >;7: 5M 78 J;=7:78 H@7 56B;: 7< @:;=;A,57 7557 ;5 ; 8 ;7:7:78 67= <I7N @8;;7:7:7867= 56=7L 5G ;55 I H@7 7 : 5 5 <5 5 7 67 ;U<; 756;;:@= ]7L:7; ;ACP75 756 :U758 ;5:;<;5 8 D;67575;N;=;7 < O;:8 7;@;7 7:<G^ 6;7; 57: ;5 ;J75:;7@=;75 @67:@NCP75I 7> 5 86 H@7:;>;7 65BH@;< 56B;: 5 =;<;: 7 75; :;>;7 JB5;< 5;5:78 D;7H@;<7:7 ;J7; H@78 6 < 756 7 Q5 5 =;<;:CP75 7J7;58 >;N <7=77:78 7 J =8@;: H@7? I 57@875 : 76 @< :76 5@577;57757>G 75:75 <5 58 I 7<7559; 7@7:7 7@A; :;>;7756;;:@= @7=7> 6? >;N:E; < 6 JB5;< 867=6@;J;<C? M575:7I55@: H@775<6Q:@7A7Q5 =;;:CP7575:7 55 :N=D G H@77567;:Q:7C 7H@;=BN; 7Q< 57>C? < 6 8755=>55 75:;CP75 7 7 <9;< H@7 75<6 55 < : =7 ;;>;@= 7:U7 8 :5J7; 56H@;=@5757< 5;7CP75H@7< 5: 6Gd8;:78 =;> 7 55@: ;8N=D 59:;< 5756;;:;5 86;7;7;C? 7.'&G "#" 12

7J7;, 5 575J C 5B:; 577=C? 5D9N;: 58< 5:@7587<755;757 @: 5 567<: 5 >; = ;;>B@ 8 75:; 5 @ 5 57@5 57:;7: 5 7:;> 58 >7<7 >B<; 5 7 7J7;: 58 ; 6;L475 ;J7; 75 7 < H@;5: >;:@75 756;;:@;58;5: I87J B:;G ;55 :,577<7559; R 0;;77 < 6 JB5;<,5 ;9; 7ND 579@8: :;5 @6<;;5M787=@A 775 =8<@; 8I<= 87< < 57@56E6; 57<@5 576 55;N;=;758 ;<=@5;>77:76 M>75:;7:56 6;587< < :76 8 <=;7575:CP75 G =;7:C?,<; =75EN;8< :7 56;<B6; 5=;7:75N95;< 5H@75? R 6 :7B5]=;7: 5H@7:O 5F5<@= 5^M<N ;: 57 @5]=;7: 5H@7 J 7<777;7<= ^85;5;7;57>;:;5G 5 75:75 7=77: 5 5? 7< : 5 5 =;7: 5 < @58 57 8 : >;8 7<7559; 5N7< N;9,= 57@:;=;A9,= 557J=:5 @7L<755 5G ;55 < >I < 5@=:;5:@CP75 6 6;58 H@57 5767 7< :5 7 =;> 576@N=;<CP75H@7:: 55@: G 7:7:787:: H@: 6 55B>7=]57@ 57<@5 586 J;55? 7:7677: 7<@^;;@;<7< =;7: N578>;5: 5775< 57=D9>7= 6 : 7 >;5: 756;;:@=G 5 6;<B6; 5 =;7:75 H@7 7= < :I8 5 N7:@ 6 :7B58 5? 7< : 5< J<;=;77 @: 5=;7: 57@5 < @8< 86 7L76= RH@7;K 8 J7;K? 85 K8=7;:787:<G @: = 86=;7: 55 < 6? D97<755;775<;J;<>;57 ;;5F:7;576<BJ;< 5 756B;: 58;7N; 9; 587=;A5@7> =@C? 8H@ 6 7 5JAO,= < ;F7 5 @: 5=;7: 5;55;6=75G 75:755@: 8H@7I7< : >I5;8<@7>757@;57@56E6; 5;6@=5 57 ;56;CP75H@7< 756 7? 8S@5:7:78 @7< 6775? @77> =@C? H@7 =D75J 76E6; 5G 76 @5, ; :76 H@7J 7L;; 67= 6E6; ;5 857@ ;78 6 J;55? 7 :7677: 7<@G @< 5<;J;< 75: 7<755;7 J@7:= 7 N77JB<; 7 <7:5 ;5:CP75 @ :;>;75 ;56759>7;58 6 H@7 5? 5767 =7:9>7;5 5 < 57HVO<;5 H@7 J=: 7 5 <7: 6 5;5:7 7> 5 8 6;<;6=7:7 H@7=75 6 5 H@;5 75: 7<755;757: ;5<7:@G = 67B 776 @5 6 5@=: 5I7-D 58:76 7557H@7>; ;;@; Q7;H@7@7:;7M>7=D;<77557<755;7J;<7@A;6 6 @< ;57'D 585@N5:;:@B;J77C6 @6:;:@=8<7:5 =O<;G ;5\; 5@=: 57 5 =75<7:75855 N7:@ 5<;C5857677 : =I5:; U;< @ 67:@NC? 7 :@7A 65BH@;< H@7 7H@77 <@; 5 7567<;;58 6 I@< @5 7:HV;=;A:75 @D;6E:;< 5H@76 76 > <767O<;8=I 76 @A;76 J@576755P75G ;5:CP75,NIJA76:7 57<@5 57<7559; 5Q:7C 7H@;=BN; U;< 8< 7J=7L 5>; 5 <6 >;65BH@;<G "? 7;>:;> 5 6 5 6755P75 7L7<;58 5 =@:5 >;8 67=5;H@;7:CP758 :7 758<5C 8:;5:7A875U; 87:<G8H@7:? 67;<; 55;J=@O<;57L7<75 N7 56B;: 8< >:78;87N;76 :5Q5;J=@7<;CP75 6= ;>;5B>7=G >;8? 5? : 5 5 ;5:CP75 H@7 57>7 756B;: ;:7755 57@ 6 N=7 7 7 >C? =G 09 ;5:CP75 N7IJ;<5 < 5 D9 7L:77:7 67;<; 55M 75:5 5? 5 H@7 7567: @ =;7: 5 ;5:;: 5 ;J7; 75 675 =;5 8N@:=;78>; =O<;8<@7=78< N L785=@:57785 : @587:<GM5H@7=7>7575575@=;78< <7: 57567:9<@= 58C5 7J =@7 5M:@ ;55 7>7577=;; 6 756B;:75<=7<; 7575: G 5;>75P75< 57=D9>7;57F:7;55? 57567<: < 5:@:;> 77=7> 8< 6557; 5 <6 G6H@757K;587L<@5P758>;5;:5@57@57 N57:787@;P75 <@=:@;58< <7: 5@5;<;58< J7O<;55 N755@: 5;5:@:;> 587J;8:@ H@: 13

;;J;H@78 75<=7C 7 =7>:7 ;;>B@ 6 75J75 7 >; 7 7 57:;7: 5 ;5 7=7> 5G @;: ;6 :8:NI8Q:7C 7H@;=BN; U;< 7QD ;;:7 5:@9; 56B;: 8 < N:7 5>B<; 587J7;: 5 ;576;LP7586E6;5 D 7 7< 75:75@5;J7; 7575<=7> =@:;>8 5H@;5 55 N7JA6:7G 75 <;: =;> :5<7>7 5;5 557@;:7567B 57J77:7575:75 6 : 577=7>:75;:775575G 5 >B<; 5, 7J75 7 6@;J;<C? ;5 8 I 7<7559; < N:7 ; 57:7 5>B<; 58< 7C 67= 5;5< @5H@75? J@ 8 9=< =8@=7 5:EL;< 5]< D8I:78E6; 8 J;87:<G^ :@=7:78 75:75 >B<; 5 57 =5: 7 J =:78 7> =>7 ;=DP75 7 6755 58 7 5@ ; ; K >75 ;7L67;7:75 H@7 >; 5 <;= 78 < 57@5 < 5:@75=;<7<; 5 57<B;< 5876@6<;D 5767;C? G S >757N 5 557L 5857@;P7575 <;7758JA7=7 @7L;N;C? 5 >B<; 5H@76 55@78< 57:=< ;5 577<7557G 5@;< 5<;O<;8<DJ@=757>= ;;55 G J@ 86 7L76= 8< 5;7 ;5; <7:775575>B<; 5875:957 : 67= ; ;5@=D775857 JN@= 5 57@< 5@ @ ;:7; 757@@5 6 @A :7B>7;5 =758 7:7 67=D 7> 5,>77::;> ]5;69:;< 7 > ^8 7 67:@NCP75:: ;5;:755 7 6 J@5 H@: ;5 575B>7;5 J 7 5 6755 5G =:;7:78 57>75 >7:O<;5 >O 57 J7;:5 6 <;7:;5:5 7: 5 5 6B5755 N7;J=@O<; J@ 6 @C? <U<7G"7@ 75::B5:;<5 J;<;;587 <H@: 6755 5H@7J@8@6 55@;;B<; 57<U<7G 5< 57HVO<;5 J@ J7::NIJ :77:7 67;56B;: 86 @A; @ 756I<;7 7 7: 67<;7: 65BH@;< 8 H@7 < :;@ :I 75 6E5 757<78 6 = 67B 7 ;< 5<;O<; H@78 ; ; 5 <5 58 < 7 76 ;5 <D :7JB5;<8< :NIJ7:< :;76 :7C? 7;5 =7: 7L;5:7:7 7:7 < 6 JB5;< 7 67;56B;: G < ;55 ; 6; 75 5@<77 7 7=C? >B<; 9=< =8 756 59>7= 67= 7C? = 7 ;=DP75 7 6755 58 7 : 5 5 6:75 @ 8 N; >7 575<=7<; 5]< 86 7L76= 8 C8@=:;7:7^7<7:=7;5=C? < 7<;:;>JN;<C? 7@5 ; 7 9=< =757@:7;:E; G S@= 5< 6=7:7:7757<7559; H@=H@7< 7:9; 7567;: 75:75>B<; 57 75@5;J77:755;: : = ;58H@7 5<;=7:77@J ;7 < 8>;5: 5755@: 6 7;5< D7<; G? ;6 : H@7;@57 @: 58;<=@5;>76755 57<;O<;87J77 75:75 >B<; 58=7? 577:? 67;<; 5 5< 67<7R 5H@7 57J775? :NI >;<; 57; @7 @786 :: 85@567;: 5 <5 G 5756B;:58577=7:7757K7> =@;78K9H@77> =@C?? 57< H@;5:57 6@7A 7 < 6 7 7 756B;: 8 7>7 < N:7 7 7=;; 7 5; 75 5 75:75 >B<; 58 =;N7:,577=757J;;:;>7:7G? 6 7D>76@7A7< 6 @757:;7: 57 6755 5H@7577:7>B<; 576@:75767;<; 5 586:;< 855;8@5@;<B; =7: 8;5=7:9>7=7=;O<; =G @: = 8I67<;5? 75H@7<7H@7 >;<; I557; 7 ; 6 56B;: 5;J7; 75757< 5875 H@? =IJ;< 55875J 8 >;<; 57H@78? 6 55@; ;5 < 6 JB5;< 8:@5 N77=75786 57@;:7I; 8 57 5:;5JA78 ;= J@C 5 <; 5 @ 56; 8 7=;<; 58 5 >6 75 9=< =G 09 ;=DP75 7 6755 58 @ ;:7; 8 H@7 >;>7 55; 75<>;A5 67= 5 56B;: 5;J7; 757@:;=;A56 75:75< ;5:@7: 5655;> 585@N;55 57<7 57 57@56E6; 5>B<; 576;LP75G I @;A8 7 5@ N 5 B; 5 7;@;78 75<7>7 @ <7 7 N :7H@;8 5: < =@556B;: 5757< 58K@: 7J@:757N7N7 758 < :;5:7J7;C? 8577 >7L67<::75G =@55 >;5NJ 57J@ 77555 8;H@7<;567= <= 14

56@=P75H@757L6@=5>8;55 7< : =7;7=;7: G @: 556;> D9=;: 7=< E=:5;67;:7:75G7J7;: 5 ;576;LP75, N:=D =< : 57J7;: 5756;LP757>757;@=7:77<7:67= 5756B;:5 57><;=CP757:7 75857 <7: H@7757 56;7; 5655 5857? J :77:7 6 ; 5 67= 5 N7J7;: 75 756;;:@;58 H@7 5767 75:? :7: 58 @ H@7 :? 5=@:75 7 ;67; 55 75 =@CP75 5@K 7 : 7 < 5;5:O<; 56B;: 5 57@5 6 :7; 587:75 5H@77=758 5N7J7;: 75855@; < 6 ;55 755;5:;7 6 :77@:77<C? G :7577<7:=@:< : 57J7;: 5756;LP75:? < @5 D 7;J7; ]< 57K8 @=D 8 7 B5 8575@=;78D;6 <;5;8>7A8<@7=787 @: 5^ I 7<7559; H@7 < @ JC @ 6 ;;>;@= 7 C? 8 7L;7 ;J=@O<;H@7<7J7;: @6;L? 7L7<75 N75;75 7757@;;;<;776755? < < J;C7;56 5;C? 7=@:5775J=7<;7: 58:I J;M55;6 <77 8= 56;7; 5655 58>79H@7 6 ; 7<7N; =: I@;: ;6 ::77H@7>;:E; 75:9757 6;<B6; 875@56E6;5? 5G ^+8#8" <;C? @;>75=8 >; 57 ;J75: 5 N :O5 567<: 58 <@K5 =;;:CP75 75< D7<7 5R< :I;876757:67=J M< 77;876757:67= >;7: 87< 756B;: 876757: 67=;:7=;O<;,57:;7: G 756B;: 8 @:;=;A,57 77;8 7 5 N7 :I;8 6 > < 7CP75 7 :5J CP757;F7 5567<: 57:@7A5G :I;875;758;5IH@777;ee< 75XX>9; 5@57 : 55:5J CP75H@77=57 675? 75@=: 5755;:7J7O<; 7=77: 756B;: 8 H@7 5 N7 7= 6 K7: < 7:75 >;N:E;5 ;5 96;58 J;5 7 7=7>58 H@7 757 @ ;J;<G 77;75:957677 >;7: 8< 75,57 @7L6;,578J < 7:75 57; 55M <5 5655758 75 J7\7 579R 67 6 K7: < 7:75 7 J=@; 5 ;5 J; 5 7 6 7 5 58 H@7 6 > < :5J CP75 >;7: 7567<BJ;< 5@67: 5<7=@=75 < 6 75 @ 67;56B;: G >7A H@7 @ < 7:7 7 77;8 <; 6 @ 67 ;:7=;7:78 ;:7J77 7@ <6 :I;8 5@7 =;;:CP758 75;5:O<;5 = <;5M J,57@ <7;7J7\7 57< 7:758 5;5>; 5567<: 57< 57HVO<;5G 55;8@ 75;5:O<; 6 5: @ < 7:77=I:;<89 ;7 <= 7 Q=@AM ;:7J7O<;5 N7@< 7>; =; 5@J;<;7:77:7:756 @A5 87:<G < 6 D@ :7 @ 6 : <7: 7 7H@;=BN; 8 7 75:N;=;78 7 H@=H@7 ;:7J7O<; 56B;: H@7 ; @7J C5 @7:;75 N;7:77L:7; 86 @A =:7CP758;5: CP75875 ;58;5:FN; 58 =I5:;5G ^(" 77;<E5;<:7@;: 5 758;J75:,577@;:5J 58< H@: 57K 5767 758 7 755O<; 7 J@ R a58 6 5 D;@58 \8 6 5 D7N7@58 :7=7586 5D77:;5:58A :D86 5=H@;;5:58J CE;<77;<D7N<D8J C 65BH@;< 7 a758 J=@; 75I;< 8 J=@; >;:=8 68 J=@; @;>75=8 7=7:;<;78 7J;8< H@7H@757<D78I5767 75 J=@; <E5;< J@7:=8 H@= @5;J75:CP75;5F:7;576 7 55I 7:;5 8>;5: H@76 757@:;=;A 7J 5;6=757<755B>7= 5D 758<@7 =I5:;5G K9>; 58N5 C? 755J C867= < 6 D@ 8I7=;A67= 67=D 756;:E; 867=67=7767= 5=;7: 5H@7>? :7 5;5:7;75:E; G])^ 15

7 5@7:755N5 C? R ^:;< 7L7<B<; 5756;:E; 5G 56 <755 5;5< 57=D9>7;55? 57756;C? 6 J@8H@7576:;< 57@;:7J R W7;: 857: @76I856; 67= ;A876@ ;J6 N;L 76 <@ 7< =D7 >7:76H@7855;8 677:76=7:7 6@=? 8 ;<=@5;>7757@5=EN@= 55@67; 75M< ::I<;< G ])^6:7N5 C? H@7579 < 6 67;56;;:@=867= 5<7: 57J C8K9J ; 75:@Q69;'G W7:7 56@=P758< : 875J 8:I<;< G W5 =: =7:7:767=N <8< : 75 :76 76 <@ 75>A; 56@=P75< 6=7:7:7G W7:7 56@=P75>A; 5@:7 75 67B 7:76 77< 7C8< 6;<B6; G W7: 55J57586 <@@7:8:;>7:78 :76 5 >;7: 57 56@55G 5:7 7L7<B<; @7: 77:7 <6<;7: 9<;< 78 7 < 57HVO<;8 H@:;77H@7 56@=P757<7N77< >;7: 756;:E; G @: = 8 7L7<B<; J :=7<7 56@=P758:, 5;57=95:;< 57=7> : 5 5 =>I = 58 6 >7 >77; 577: 8 67= C? L;O; 7 ;@;A, 57 =I5:;5;J7<<; 556E6;57557E? G "75 N7>;77: :@5]7L<755 7 L;O; ^8N5:7@A; :76 6;7; J57G N^"7=7<; 5=;7: 5< 67>=O<;7>77:;5 7J@:5G <^:7 67=7767J7;:5< ;CP757=;67A8J=7L;N;=;777K7: G ^6:C? 77; 67= 7> <C? 7 67= 67<78 ;7:7:7 757>:E; @;>75=G,< <7:C? 85 =;<;: @LB=; 5N 556B;: 5G,7> <C? 5J C5<E5;<58 =7: ;>; H@7:5;:8;7:786 : <;C? G,=7>:7: 5NC 5>7:;<=7:78 5= 5<N7C8@:77> <C? 8 6<6:C? J C787556 5;C? 8677<77H@: 57:;75<; 77;6 7=75G 27;H@7 57L7<B<; 5J 7J7;: 57 :76 :5< 7857>79H@7<;57 : ;5575B>7=77>;7:775<;J C67= 5NC 5857@; 67= < 6 75@ > =:67= 75 <;D 86 756C N;7:7G? 6: J;< ;;>B@ 8< < 7 :76 8<6:C? J C<E5;<8H@7 =D7N5:98H@=H@7D 77H@=H@7=@8=7>: 5NC 56H@76 7=75 75C577;576 58< J<;=;77675:7AG ^" J=@; I:;< I7:@7A:? 7>;7:77 NK7:;>H@76 757>;5: 86 >;7:758:>755 7 @=CP75=@; 558@56755 576 K7:,576 J < 6 5 9:;< G 6757:,57 @ >;7:7 756 :U7 @5 >5;=D5 < :7 9@8 @ 7:;A8 @:? 8 7=7 6 :9 = 7:;A8? 5E 6 <@5 755 =@; 5;7H@7 57J7; 58< :NI6 H@787<7: 5<5 589@J;< =7;: 5 @7:77J7>75<O<;G @:< 5::C? @;: 5;6=75I< = <@6O@= @@7=6 :7@J; 7:O,= >7:;<=857@ 67= 57 5;;< 76 =7M 67 6557:? :@5 N7 NK7: 67@ 8,=D7 757:;56H@7N=<76;7;:8 16

6 75H@78 7 <B<@= 8 678 7< 7<78 7:<G8 7 >757,9 H@7 NK7: N77<7 6 :7:7Q5 75557@ 8I<= 8<6<;77:= 67 G 75:75<5 58 H@75@<77IH@7< 7:7J=@B;<8;6@=5; 67=> :7 67 8J=@;67= NC 8? 577 5875<767= J; 7:5;:67= NK7: 67@ 8 5: 75:7 57@6E6; ;6@=5 G : 75:75< 5<5 57;75:75;8 J7\7 I5767 75 R J=@; I:;< 8 J @ < 7:7 7 5: < 7= 5 NK7: 5 ;:77;9; 5 ]6O@= 58 >;D5 9;<58 7:<^8 ;7C? 7@ 55 ::;>]9@8 7:;5 5@N5 = 87:<^8H@7J 6E= 5 6 5: 5Q7:7 67 G <5 5655758< 7:7IJ 67=5? 5 67 7 J=@; 7>7 :5;::>I556:75 7:75G 77;8 < 75,57 6 <; J 8 55@7 ;F75 =;75 7 567<: 5M :;;57@6 : 9L; 7;> =@C? 8H@ ;6@=5 ;;<;=87< : 75;5:O<;875:<75<75? 87;5H@75@7J 85775:N;=;A78 75 :76 8 H@;7@:75? 6 :7<;=6E6; 75: :7;=H@7<D7 @M<75: @@ 7< 75C? 6 55@;@: =;77567<;=8J@7:=M 75:<; 8557 77;< 75655>;N5@<<:7B5:;<6E6;87J 87: 87< 7 7=@AG 5< 6 55;6=758755: =;7I@;J 78@B55 58 5< 6 5: 5875@=: 9= 7 : 5 5 : =;75 6<;;58 67:7<7:75 5 ;>75 5 7=77: 5 ;;>;@;5H@7J < K@: G 55;8 < D9@: =;7 @5;<= <<:7B5:;< 7 < @ >;N:E; @ 7:7; 75<=8 D9 :NI @ : =;7 J;5; =E;< <<:7B5:;< 7 < 57 U;< 7; U;< G < 6 JB5;< D 7 @ ;=8<<I=@=8E? 867=D @5;5:78 6 55@;5@: =;76E6;7 < K@: 7: 57=58=58J@;5@5E8 J : =;7;;>;@= U;<G < 6 IJ 857@ ;557 587 <I=@=5 >;>58;:7=;7:75 7 7567<;=;A5 H@78 6 J;;758 57 @6 6 J E? 58 67=D 5 7 5;5:758 <@ 6 55@; 5@: =;7 >;N:E;;;>;@=8 < K@: 7: 575:5>;NCP75I@>77;7>;=D 5 H@75:C? 87H@7 @>; 6@ 56B;: 7> =@B ;5:;@77576 55 56<;;58 57; ;5786 J;8D ;: :=8<<:7B5:;< < K@: G 7557 6:;<@=8 < D7<;7: 75:75 7:=D75 7 7L67;7:C? 6 7? =7>8 < :76 8 Q < 5:@C? 7 @ 9H@; @ 67=D 7=7:\;< 8 577=D:78 6 7L76= 8 @N=C 85 N7H@=56755 55@N;;6H@78757@;8 @ <6;D 5 5578 7 5 ;5 @ @ ;5 >7 7 @ 6 :7; ;;<557 @: :;<7:75@: =;7>;N:E;G 5:@;,57,;55;@75<=7: =;75 ;;>;@;58 @ 7 >= 75 65BH@;< 58 H@7 7:7;; @ 7 7=7>C? @ 6@7A >;N:E;7<@G I @;A875@ N 5 B; 57;@;78577J77@;5:@7: 7 ; Z65;< 5<E6; [875:; Q7 5:C? =< 6 777J;;,=D75 >;NCP75G 55;8< 5@<77 < 6 D@ 8H@775: 5<;: < 7L76= 87H@7I @ @;>75 7 ;;:@8 :NI 5@<77 < < 5 8 < K@: @;>75= <;C? 8 H@=<< 6 <7=75:76 55@;5@: =;76E6;8H@7< < 7QJ C? : =;7= N= 5;5:76=7:9; H@767:7<7G <;C? 77@5:@ I5 8=@A8< 7 >;7: 7:@ 75@=:5;F75 :5J CP75 H@7 : ;5::7 < 7 5 57: 75 756B;: 8 77; 7 :I;G : =;7;;>;@= < 756 7 7:7;:75? >;N:E; J@<; =H@757 17

;J;< < 7L<755 58 >B<; 5 7 757J7; 5 655; ;5M 7 7555 =:7CP75 6 7 57 N@5<5 @ =7:58 7 7J7;: 5 ;7;: 5 @ 7 : 58 6 @A; =I5:;5 @5 @ <\;<5G 557 757H@;=BN; >;N:E; ;:7 75K@5: :NI ;;>B@ 7 7=C? N;7:7 7L:7; 8 <@5,=D7 67:@NCP75 ;5 @ 7 5 5I;5 H@78 Q5 >7A758 57 : 75 ;< 6775B>7;5G ::7: 67= 565575>;58K@5:7:786 >7 7K@5:7: 7H@;=BN; ;:7 77L:7 86 > < ;5 57CP757<7559;587< < 5=7;5 6E6;:@7A857>; =O<;5 @J C7: 5G 5F775@=:5;: ;>;N:E;7:7E? 575;5:75;:7 5 ;5 8 N7< 75:7< 7; N;7:7867= K ;;:7@6: 5N5 CP7577=;;CP758 < 75CP757;5675P7577;>;:=G 5 =I5:;5 < 6@=5E;58 ;5: I8 5 7<7559;5 75:75 <9;< 58 75575 757H@;=BN; 56 >O8< @7:78;:7J7O<;77:75 6= ;>;5B>7=77D@ ::7: 6 @A;9 @: 7J7;: H@7=;7;576 >;5E;5:7@CP75G S975:@ 5 57D@ < @ ;5 <7=@=;U;< G +@@;7>;N:E;H@7N5 >777;:7;CP75;J77:75R ^B5;<5R<= 87:;5 8=@AG ^5BH@;<5R 5>;:;587557<;;586757: 58;I;58757K 587:<G @ ;55 7 7 77 5 N7 @: 5 57758 ;J=@7<;, 5 7 5@ > :78 57:;7: 586757: 57: 5G:@ 577J=7:7;C? : =8@;;>;@=8 <; : 5J7N @98::;> @76@=5;>G 5 J;;75 >;N:E;5 I H@7 7@= 7557;:7<UN; 7 7 7<7N78 6= ;>;5B>7=8J C57J=@; 5G +7557<;=86 ;55 8@@=;676@65E57:;77;:;< ;55N 57 7=7>5G >; 5:958J CH@7:I>; U;<I<6: 7L:7; 7 56B;: >;@:;=;A,57 7= 7; 5 7<755;758 < <7:,8 ;5675, H@;7=;85767< J;: 7:7 7H@;=BN; 7: =;7 < 6 G $; 5:NIH@7 7:;5 I@5;J75:CP75755J C7H@786=;< 5 N7 < 6 D@ 5 NJ 7655758@7:,=D7 <N7=75577;>;:=8 75:N7=7<7 87<7: 5<5 58 7H@;=BN; J@<; =8:75? >;N:E;7: =;7 ;5 G 58 ;J7=;A7:78 7;<; J;<;= 7567A @ 7557 7=77: 7 <@ 7 5767 <;D @7@ ;J77:7867J7; ;: @A; ;5 7;<7: 57 575 <;C5G 555 5 ;J;<;=7:7 57: 55;;=9>7;5 78 6 7>;: H@7 57 76 5;:7 5 E? 586:O,=575@5675? 76 77L6@=59,=58 ;5 7=;A@75J C :77 8H@757: ;; H@ ;: @C? IJ7;:67= 5F5<@= 5767=5 >7;585 N7<7 ;>75 5E? 5RJB 8;58;:75:; 5867=787:<G875:; 5Q <=55;J;<C? 857=7C? 77=;;C? :@=7756 :U7 5=;7: 5775B@ 5:EL;< 58 E? 575575H@75? >77;557:;7=56 5:5Q7J75 < 6 G "787<7: 5<5 587555 5? N 575@=: 5< 86 7L76= 8><;58 < J C? 7:;< 6 58; ;7=758;: L;<G 1@: ;57> =@;757: 575B>7=8:: ;5 ;;>B@ 5 J7 57J7;: 57555 58H@76 @A7H@575767;: L;<CP75;5 @7 5>75M7:: ;5 :NI57<7:@5;; 55;<5;5< ::;57;<7: 58H@7 N; ;5 767:; 5 7 = 5 5 6 <755 5 7 7=;;C? N:;A 5 7 =I5:;58 D K7 7 ; <75<; 567=7;<;< 7L:75 76;: 75< =5;5:7; 55=7;58H@7@;: J7HV7:77:75? =;7577=;;C? G 18

7;<7: I :NI 55 7 77; < 75 7 5@ ;: @C? ;5 8 7 575 <;C58 :@=7:7 6 @A;9 67:@NCP75 >;N:E;5 5 ;5 >;5:@7A5G 75:76:;<@=8 5756B;:5K975:? ;57> =@B 56 H@7877=8 : D 7 6:;8:76O@:;< 6@7:7 ;U;<8 H@7 5 7 7@= 7 J D9N;= 7:7 >;N:E; ;: @A; ;5 7855;86 > <7CP75< : =58< 6:B>7;5< 575;5:O<;5 U;<57? <6A7576 @A;757H@;=BN; 5J@<; ;5G 79@75<@5J ;;:6 0;6E<:758#I<;8@5H@: 5I<@= 5:75 7;5: 755;J @= =:;RZ:@7;<:;L8H@ L;7>7@:7 @<7 67= < < >7;7:;[H@757:@A6 RZ:@7A<@557@57J7;: 57>757 5@5:7: 58@L;=; 57;;; 5< >7;7:77:7[G 09=@5 5 < D7<;7: I;< H@757@7786 7,57<;:8 7:77=758J;5; :76;]<@67=9@867= <= 867=;7:86 < 7:757=I:;<58; 5 7 55 587:<G^87:NI 7:;5 H@78 57:75:@;5< D7<; 58I @ 5;57J;<;7:757<755B>7;5G 757 5767 7;<; >7 75:@ 7 7L67;7: @ 5I;7;:7;9>7= 76 <755 58:7 ;575;5:757<@857 <7: H@7:;;@D K7@75: 76@ <7:;<;5 8 H@= 5I;< 5K9? :;575< =5[J;L57;7@:B>7;5M5? =;>75 :; 75H@7=C? 7:@ H@;= H@7>;5@; < 6<I;5H@B;<57 >;75 >;=D 558 5767 7 N@5< ;7= H@7 K;5 :;;G 8 75:7 6 : 8I7<7559; H@7 5<;7:;5:5> =:7877 7 <;D 67< ; 8?,;57: 8 =;958 7 7 I;: 7 < 677 H@7 6 N=78 57 7 J@ 756;;:@=, ;U;< 8? 6 75775 =>; 6 ; <@=CP755;5:79:;<57 5H@B;<5M75:@7 5 J@7: 5 <;C? @;>75= 7 < 5;77 H@7 5 7:7 =7> 7 < : 7L;5:O<;:B7756B;:,77;,:I;86 7? 677: 6 N=777< :6 7=75 =@C? 7H@G 5: J ;8 =;958 ;55? 7 7@ H@78 ;J7=;A7:78? 677: @ U 6 N=787;L 7< 5;7 7=77: ee756b;: XX< J: J@7:=G O57:65;6 ::75K9J :56 5:567=7;<; J;<;=R ^75< N7: 5;<EN; 56 5:7@M ^;@ = ;8:7 ;A6 07=;<DM ^5:;N;E:;< 58>@=;A 56 =7;G 5576 L; 8<>7A;58 5J: 75;6 79>7;5G @7:6;5>C8 56;;:;5 >;95777@LB=; 87L6=;< ;7 7 <@5 5 =I5:;58 <=55;J;< 5 < >7;7:77:7 7 7 5: 5@5 =;CP75 7 767O<;5 < 5 J=D5 ;5 56B;: D@ 8 6E6;58 =;958 5 7:656;9;575@7> =@C? 7@ 5;J7; 758 5H@;575:7 55 6=7:I@ 7L6755;> 7L76= G! "# 5D 75877F7 85? 7:7577N@5<75F7G 55 J757@5=75757J;6 @<@H@78; ; 5<5 58? N:OG 57J7;755? @=:;J 757;;>B@ 5D9H@75? 7J7 5: >;757 757567< :=5@6=B<; G 5< 5@=:E; 5I;< 57 5D 56;:;575:? 576776=7: 57H@ 5 7:758 6E5757 5 = 5 58677JI7;<; J;<;=8> =:,5765@5<7C5 7=;; 5576557=;A: 56;7 5 57 J77<76 75557> : 5 55: 57 5@67;=7C? G H@ 875 55;8? 5? 5:;5J7;: 587:? 75 ;7:,578:7 ;A,577? 57 67K 7 7< 7 <D=:?75 7 <@7; 58 :@ 755 U5; ;< :; 7 75:N7=7<;7: G 19

55 I D@ 7 :@= 5 7 5: J=: 7 < D7<;7: 5 >77; 5 567<: 5H@75:? R5<@557 57J7;: 5=; 5Q7L;5:O<;75575=75G 56;;:;5 75<=7<75@J;<;7:77:77H@? 6 7 J77<7@<@;<= 67;:78: >;8H@7 56B;: J:; 76 @57 57@5 J;7: 8< 5 =7,577577>;5: 775;C? 65@6 :8< 5@67; ;7 =85@6 >C? G 557 6A;@7: >7 < 6775? 5 57@;:75 >775R 5 6;7;5 6 55@7@J@ ;5B:; 775:? 5767=;5 6 <9;< ;;>;@=8;5: I8 67: 7B>;5 655 M557@55? 75<;<@5:U<;5 <5; ;58? ;<5 >;5 :7; 75M 75K@5:75 6557; 5 7:N =;5 U;< 8 6 7J7;: 7:5755P75:@;5G 7H@=H@7J 8 <@=6 I5767 ;;>B@ 857 H@756;7;55? ;67:;>58 >O 7<755;7 6E6; 7> =@C? 56B;: 8 655 H@7 5 57@5 6 7 7L;5:; @ 7;L 7 7L;5:;8 < J 7 ;;>B@ < 7: @? 5 7J7;5:5755P75< :D ;J@<; =:@7AJB5;<G ;A7 7=D R@5 =I5:;55? 56B;: 8 @:55? < 6 856;7;5 76757: 57J=7L 57L:7; 755;67J7;CP75;:75757 75 :76 6 <755 = 7 K@5: 7N;=;:C? 8 7H@: 5 57@5 5? 5;6=75 7K@5:75 6557; 5G 557 7K@5:78 H@7 57 7=;A 6= :7;=8 67 756;;:@= 5 7J7;: 5 7<7559; 5 6 755 = ;;>B@ G 7,57;A7H@7 < 6 H@7;6H@7 56B;: 576@;J;H@7G : 75576 <755 6 > <5 J;7: 87;<;5775J C6 7N7=9,= 7 ;55 7L;5:787=7:78@6 J@ 57:;7: 7D@;7M5755775J C? < 57@78<? :7< 57@; 7@;: 55I<@= 58OL;: ;:7=6 H@7? 6 7;8 :@=7:787:7 757> =>;7: =7;756;;:@=M@= =I5:;H@78< K9 ;557 58I@< :;O<;;67:;>6E6;;67J7;C? 56B;: 78 75 :76 8 6 <755 :@=757@77H@;=BN; G 75: :@=7> =@C? D@875 =I5:;5<9;<58 575@=: 5 7;<;86 :: 857? 57677=:;> 5767<9; 58=;;:,57:7@ 5 J;7: JB5;< < <=; 7 =;7;5 ;J;<CP75 H@7 7567;: 5 567<: 5 7 < 57HVO<;5 =I5:;G I857J7;7557@756I<;7H@;<=55;J;<W;5:FN; 56 7J7;: 7:5755P75 7:U75:797;<;@<6 >5: 77=;ACP7575@<755 5G ;55 57< <=@;H@7875:76:;<@=8< 7:@ ;585=7;5756;;:@;57@7 N7;58 7: ;:56 B>7;5Q56 55;N;=;75D@5M7 @:< ;5? 57 6 7;75676 H@787:? 8>7B 5 N5@ 7 D 7:76 77587<9:7 =8 6 75>; @ =:7 <@5 :@=K@5:;C<9;<@= 8577N 6@7A75@5;:7CP758 6 <755 ;>; 77N;=;:C? 6E6; 56B;: G @;: N7;A @;@7=RZ5<D5=57;J75::>I5 7> =:E; D@ 7 < 6 7:77J=7:7 6 ;:7; 56B;: 7J7 [G 5<@586 :: 8? 576 7? 57H@ 6 <755 7N;=;: <D7 57@ :7 8 @ H@ < 7 <;<@5:U<;5 7L<76<; ;5 < 8 6 7L76= 8 : 5 6 J@ 5 7 JI @ N7C? 8 7567;7: @ 5<;JB<; 8 7 J<7 5 H@;5 >;O<;85777=7;87 5:8< :77 5: 8;J;;:;57;<E; 77@5G 677; ;5: 8 I <7: H@7 7:7 5 5579 57@ J;7: 8 67= D@;=7M75;,57,9 57@75:; 7655975J C,5767=6@;J;<C? 6E6; 56B;: K9H@775:787? < 6 :7;=8IH@775;7<@5757@55 J;7: 5G : 5 5 <5 5 7 75:75 <9;< 5 ]67: 7 B>;5 655 ^ 5 7J7;: 5JB5;< 575 =I5:;55? 67>;5: 58< 5: 6 7<:;> ;;>B@ 78 < H@: DK ;J75:CP75 :\;<5 @ J;5; =E;<5 < @58 J@ I5767 756;;:@=7567:@NCP755? < : =56 7:75 6= ;>;5B>7=M7H@: Q5@ <@8< K9;557 58J;<7677 :I; 75:7 @;57;<E;77@5M : >;8H@ 75:7<D757@:7 @H@ @: H@=H@7 :;> 6 79>7= 7:7;5@<755C? 8 575 57:75;:7>O7 7:7I< @A; 75: 7 20

N 5F7H@787:? 857 67< J<;=;776;7A86 H@;5H@76 <755 5G @: = 8: 55 =I5:;55? 7:@7A;U;<]=:7CP75 ;: >;N:E; J@<; =^857KH@ 6 > <567= 6E6; ;;>B@ @H@ 7>;5 ;:7J7O<;577:75 6= ;>;5B>7=G 75:7H@ 7;L 57< 5;78I<= 85 =I5:;56E6;5>7=D;<78H@7 7 5767 76757: =;75 58 5;6=757:78 ;5J@CP75 7 =:7CP75 :@;576E6;5 65=@A7575:>;86 7755 =756;;:@=G 555 J<@=75 JB5;<5 @ ;5 57 75 : 7 777 5 7L<755 5 5 6A7757JO7 58 5>B<; 5756;LP75;J7; 75786< 57>9,=58:7 < 6 7N 5< ;CP758I7<7559; >;=;68D9N;: 576@7A87;7756;;:@= < >7;7:7G < 6 I :76= 56B;: 7 5 5 756 59>7;5 67= 5@ < 57>C? 7 ;:7;7M < 7:7 5 5@;<B; 75 H@ 8 ;< 5<;7:77:78 =D7 7 5 5 7=77: 5 7 H@7 <7<7 6 >;>7 7 N 5 < ;CP758 @ H@ 5@N7:7 5 7L<755 57H@=H@7:@7AG 6 7 5 7L7<@: :7JH@7: @L7 5 75: 7<C? 867<;5 575:7 >;=D 5 ;5:@7: H@78 75 :76 H@7 5=D8 5 67;:7 : 5 5 ;J75:CP757<7559;5Q>; 6= :7;=M577=78? 6 77 5;7 7> =@;8 :@=75: 7H@7 57< : 5G 75 5 <5 5 K9 <;: 58 7 < 6 7J7;C 6 7J7;: 7 75:75 ;;56759>7;58;55;7>7 5A7=67=5@< 57>C? 8JA7 < H@77=7@7 :I 9L; 67>;5: 6 ;;>;@=86H@7: 55:7J577L67;O<;5 6 55577L7<@:5:I J;G $ ;;;7:7 767,57 :7 ZJ=@; [ 6 75; J C 67:7 5 <@58 5::7: 567= 56557575 67CP757;F;<58< :NI6: 5 5J 57;J=@7<;C? 65BH@;<7L:7; 5 N7;;>B@ 5876757C @;5:U<;8 7 H@;5H@7 <;<@5:U<;5 78 ;8 5 <5 5 5 J7\7 5 6 > < 5 < 8 6 7L76= 8 5:N=D 5< @577J7;: 5JB5;< 5G 7=7:75;J=@O<;577=6 757JB5;<5 @65BH@;<5857 56;7;58 K@5:7:785H@7 < 76 ;J=@O<; 5J=@; 587H@: 5F=:;55? <6 8 :NIN5::7>5: 8 57:75:7=769:;< 58;5: I8 5H@7 675:5;55P757 ;I;586757: 58;6@=5 58757K 587:<G :7 J=@; I7I;< 7;;<57CP7585;CP75JB5;<5 @ U;<5 6 >;5 7 @:5 6755 5 N;7:7 7 H@7 57 5;:@ 7:78 @ 7 56B;: 5 757< 5G J=@; 6 >; 7@6755 7<;5IH@77:;5 D@ 8 7C? 7 :I; U;<8 J C ;= 7L;5:7:7 @ 7< 7:7 :;>;7 5 <I=@=5H@7J < 6 JB5;< G 5:7 J=@; 8 75: 7C? 6 7 57 N 5 @ @58 N7IJ;< 5 @ 67;<; 5 58 57@ < ;C? JB5;< @ = 7;55 87< < 7J 5@5;;>;@;5G ]*^ @<'%2>1A.22 55 7;55? 6 7 57 > =@:9; @ ;> =@:9;8 7=;N7 @ ;< 5<;7:7G 56B;: ;J7; 8757< 86 7;6756755 57J=@; 5@;58EN; 58< 5@5;6=756 L;C? 875 H@? :7D;I;7JAO,= 7; 7 H@775:9 < :7<7 G < :;C? 7=;N78 @;: ;5 =IJ;< H@7 :7; 8:5;:7 7:7? 5E 5 6E6; 5 J=@; 5 675 5 7 EN; 5 56B;: ;J7; 8 < :NI 21

< :;7:765BH@;< < 6=77:876757: 67= 5@56757: 5767= 5757K 5 =IJ;< 5 7;55 8 >;7: 567=> :7G @J=@; 8 : 7>;NC? 6757N;L8J7: 5<7: 57J C875:75 655 5 6=7L 5 7 5;5:7 7> 5 8 :< E? 5 7 6 @A; 67:@NCP75 65;< 55 9:;<57;F7 5567<: 57:@7A5G 09J=@; 5:? 675 58:? ;=;A 57;6@ 5H@76 55@7@<D7; M=I =H@7JA7H@ 57;677 55 67;56B;: 8<@576@U<;77 J :77:75 N7 5E? 5;:7 5G 5575;:;> 5]I;@5^8;5H@7H@;5H@7 @: 5875:? 5@K7;: 5 7<7N;7: < 5::7 75575 J=@; 5 78 57? 6 <777 ;;7:7 5 :N=D 5 7 =;67A 65BH@;<8<N? 6 57: 7>B:;5<\;<575@N;5557>7567:@NCP756 >;5< :;C? J=@B;<G 5 56B;: 5 N5755 75 < 75 J=@; 5 :I : 9,= 5 >;5< 5 58 J :77:7 77:757< 7=757> =>757;P75 @ 5E? 5H@7757K:;;7:I75 @: >B:;8;5 = 75:< 6=7:7:7 7; 7L:7; M75:75<5 587? D>7 7CP756:775:8775 56E6; 556B;: 56 :7: 756 7; 5 < 7 G 6557;55 =>77557>;5< 767;:7677:C? 5J=@; 5J; 57=@; 5 5H@7 75:N7=7<75J@CP75 U;<5GJ=@; N 8< :;7:786 55@;>;NC? 7=7>7 6@H@77< J :875:;@=7<@567:@NCP75JB5;<57 ;5G ;55 5I;@5756755 5H@7? 65575? 7>757>;<;5 J@ 8 9=< =87:<G6H@78K@:7:7< 57@6E6; J=@; 8? :5J;6 5 7:755 7CP75:@;575575:EL;< 58H@76 @A7=75;F7 5 5 ;5 5 7:75 7575B>7;5G NI? 7>765575H@ 75:;>77 7:758J< 5 @;: L;< 56 7L<755 57=;7:C? @7;<7: 586 H@7875J 8:5J7;? 6 5 7:7575575>77 5 U;< 5G 8 ;8 H@ 75:;>77 756;;:@=7:7 67:@N 58 >;:; 5 6 7< 5: 58]-^ N5755P758 7:<G8 6 H@7 =I 5 57@5 J=@; 58 K9 7 5; 75 5 67K@;<;;58 ; :5J7;? 6 7:7 5J=@; 5@5 556B;: 567:@N 75< 5H@;575:7K 7< :: G 5I;@57>7576@;J;<7< 6 7756B;: 8 ;5H@7=D75J 6 55B>7=86 6 55@B7 J=@; 5 5=@:75 7 N7IJ;< 58 < 5 H@;5 6 7? 7:? 7J7:@ <@5 >77;5G @: = 87>7 : D9N;: 76 <77775;75 5@:N=D 7 @: =;67A ]< J 7 K9 J ; ;: ^8 6 6 77 < 675 ;J7; ;7 ;7:78 6E6; 5 55 5 < 6 5 7 <78 5@K7;: 5 ::5 ;67J7;CP75 7 ;6@7A5 ]>;7 @: 6557869G'^G "E55;:7? OL;: 75@5:7J576 7? <@6;7:7;C? ;>; 75:7H@ ;557RZ777;M5 < 7; 5J=;: 57<@; 57J7 577@ 7 B C +%)) ) 2. 1 % 1@: Q ;7 5J=@; 5;;5: 5@:7 ::7: 756;;:@=86 7 5 ;>;; 5655757 ;5@6 5R:7;;57756;;:@;5G G^""""]#+"^ "? 56=;< 567= 5 67 757< 58H@7;55 577;<875? 57 I;@5G 22

5;5:7:5;55? 867=5? 5 @67= 5 6 87J=@; ;= < 6 J;5;< 67 6 7:7G"7 ; 6:75 =I5:;58757H@;=BN; 5 ;: =5< 7:75>;:;5 ;5 8 565575:7;;5:77 =;A7557 ;: @7567:577;5 7:7587< = <,57<;<@=C? G 7576=;< 56 H@=H@76755 7:I75 6 :7;=;5:58757H@7 6 55@ 5< D7<;7: 57<7559; 57<6<;77 J=@; 5G N77<7 @:I<;< 7:7; 78 J7;: 576;;<7:78 6 6755 ; :78 :,5767K@;<;;586 @A; 67:@NCP757>9;5:@7A5G 55;< 5@<77< : :76O@:;<:@=8 575@=: 5 ::7: H@57 @< 5? ;7;: 5M @;:5 >7A75 5E 67<7 6E5 6 = 5 6=;<CP75 7 6757>7:775J C 8:7<7; 56 <;575;5 @7 5;:75587H@5757677 567<: 5;67>;5B>7;5G 75: 7L6 5;C? 8 5 65575 57 6=;< 5 K@5 :7;;58 @:7 5 H@;58 7 @;: 5<5 58 5I;@585767<7N78 :NI7<: 6=5G G^""""" "? 57=;A 567= 556B;: 5757< 58:>I57I;@58 @;7:7:7 5 N7 67;56B;: 57J7 5M H@757:5J776 7<755;:? 5? ;5J=@; 5 ;;577< 585 @: 58;5J; 57;56@ 5 6E6; 56B;: 67:78 @ 56= 5;>;5B>7;58<6: 5 7: G 5 756B;:5 =7:7@:;=;A 6 @< 5 K@5 :7;;58 6;7; <:7 ;8 H@7 < <77 ;5 5 7:;A 75 6 J;55; ;58 7 6=;< ;5 6=7:7 5 65575756;;:@;58< @LB=; 556B;: 57H@76 J=:7< D7<;7: 57H@ 58? =7>7< :5;J77C5H@77L;5:77:77555@5 =;75<;:5G 7,57,;@7:H@7;>;5? 6 6 5:? I< 7:86 H@77H@=H@7 5 <5 58 6557I5767I:;< 87L;5:; 5 7:7@;J77C7H@=;7 J=@; :5;:; M;55 7 6:7 I >77 7 I K@5:7:7 7L;5:O<; 755 ;J77C H@7 5 67;:7867=D 6757:C? 55@: 8JA7;>;5? 7J7;G "N7 5H@787=7:78 J@ 5E57:: 75 J=@; <E5;< J@7:= H@78< K9>; 587<7N7@@;: 5 75M:: 56B;: 7< 8 6;7; <5 8 < 757< 8 57@ 8N 5 J=@; 5H@7=D75? 6E6; 5M5? 5N7 5 ;5:;@; 5 ;J77:75 @5 7 5@5 ;J75:CP75 7;55 :NI K@5:;J;< ;>;5? H@76 6@57 5:95G >;8 :7,57 H@7 565575756;;:@;58 56B;: :5;:7@< N;C? 7 J=@; 58 ;<=@5;>7 7CP75 7 5@ 6E6; @ 7 6 7 5 ;J=@L 7 5@ 7:78 7=77: 5 75:75 H@78 H@ 56B;: I 7 7=7> <:7 ;8 6 55@; 7 6 7 <@:;> 8@;: ;J77:77@;: 7=D H@7 H@76 55@; 7:;A 7< G : 5 57J7;: 58J;<75:N7=7<; H@7 565575I:;< 5577J77Q5<@5 :7;;57 5756;;:@;5Q567:@NCP757 ;7 @J@ 756;;:@=G 1@: Q H@:;7 7 7:75 :7; 5 5;@=:77:7 5 65575 6 7 57 <=55;J;< 57R;;>;@;57< =7:;> 5G G^"""$" 1@ 5 6=;<CP75 5? J7;:5 6 < :7; ;;>;@=7:7G 5 65575 6 ;A 55? 75:7:;6 G G^""" $" 1@ F7 7 655;5:5 I;5@J;<;7:7 6:77: 5 5J7HV7: 75 ;;>;@=7:786 7,57=C? 75:77<@5 < @7;777O<;G 7=;A,577557:N=D < ;7: 86E567<7767=7C? 7>I=;<867; : 5 5655;5:56757:75H@7 7J=@; 5 5:N=D 75 6= 756;;:@=7 7:=;A756=;<CP75 5655757<7559; 5<6<;7:7G 23

1@: I: 767 5 65575 6 7 ; 57 <=55;J;< 5 7R 6 ;A 57=;>75G G^"""%" 5:7565575J 75:@ 577< 7 5:7,577>;5:R^5<55756B;:57 7 >;7: 8 7DK7<755;77:776FN=;< @7 5 8H@ 565575 < @5=;>758J7;: 57J 6755 =67= 5I;@5 @67= 556B;: 5757< 5G? 7< : 6 55;N;=;75 7 6=;<C? M N^ @=:;6=;<;7 7 7;5 7 JAO,= 5 57 =@5 ;7J;<;7:758 @: 5 < :6 @<7:758 @: 5 7567:<@=75 @ 75 ;B<@= 58 @: 5 @;:5 >7A75 J75;> 5 <7: 5 6@ 758 5 N7:@ J7;; 58 :@ < 75@=: 75676 ;;>;@=8; U<; @ ;5:;<;5 7L7 H@7=75H@7 56=;<G 5655756 ;A 5< ;777>;::@ ;55 G? D97<755;77;< 6 C? 756B;: 5675:75655758< H@: 75: 6 55 D>7 @ 7;L 7 D>7 57 H@7 5 75@=: 5 57K =:7 58 6 H@7 75:75 7677;5H@7:@ :@7A8H@=;77K@;<; 5;76=;<C? 5 J=@; 56 5: 57 >;7: 5 ;5= 5G :N=D 5N7 ;A 58< 7H@;675N775:587;5< 56557557 7=;A57;< 6 C? R^ = 56;;:@= N;7:7I676 67>;7:78 J;< 5:@ 7 J=@; 5 <@ 758 H@57 5767 < = ; 5 ]>778 A@=8 7:<G^ 7 5 67 75 57<@ 7 7J C8 < J=@; 5 6E6; 5 @ 77;5 57@ N;7:7 ]<E5;<5 @ :@;5^8 5 6=;<CP75 577 J7;:5 67= 5 I;@58 < J 7 57: 7 7<7559;58 5@6; 5767 5 J=:5 6 >7:@ 7L;5:7:75G 5575 J=@; 5 7 77;5 5? 6 K7: 5 :>I5 5 I;@5 @ ;7:7:7 5 N7 5 7:75G <5 5 ;5 = 5 ;;>;@;58 J :7;7: 7=8 H@ 757K @:;=;A 5 I;@5 6 ;< 6 CP758 556B;: 5 @5775:;7Q6 ;AC? >;7:7 @6=;< 565575 < 757K7MN^ = :7;=R N;7:7K95:@ 7J=@; 5<@ 758 5 I;@56=;<5 N7 7:7@<@=J 67= 557@56E6; 5J=@; 58;55 77;5<6:567=5? 58;557<7N;567= 5<D<585 N7:@ 756=O;< 8;5 5J=@; 5777;5:5;:; 567= 5 67 75756;;:@;57;: 5 57<@5 5H@7 < 57@;7 N:76 5;6=75;@C? G G^""" $" 6=;< 557I: 8< <655;5:; 57@ 8;6 55;N;=;: 855;8 67J7;C 7: 5:N=D 578 H@7I6; 8J> 7<7 ;;5<;6=;7 67<;7: 7 @: 5>B<; 577J7;: 5;5>758;J=@7<;7:;>7:7:5;55? 6557<@ G & " N57J@7:=75:6=;<C? IJ C? 7@< 7:77J=@; 5H@78 6:; 67 8 >7;<@= 5 67=5 5@5? 5 @ 67= N < ] 5 <5 5 5 6 ^8 :5;:7,57 < 6 7:7G =7:7 67 75:N7=7<7 @ <;<@;: < 5 @5? 58 ;7;: 76757: 6E= 6 5;:;> 7 75H@7 7:;> G 5 @=D775 6 =;7 I >;9>7=G 7J@7:=86 5E? 5;:7 5]>77::;> 5^8I6=;<? 75H@7 24

6=7L 5 =]N < 75:\ ^87H@: ;7;:57< = <5 N76:7 7:78 J7<D <;<@;: G 5<5 57H@7I7<7559; 6\7 >;7: J=@; >;:= 5 <7: 57> 5 58? 75H@757J;L <7: 7J C7; =87H@:? ;7;: 75=;A = < =@ >7:7N=8 @ 5 7N 5 5@67; 75 @ ;J7; 758 =7> 6755756 : 5< 7:77J CG1@ 57757K:5J@; ;5 7:777;57L:7; 758 5<5 57JH@7A87L@5:? 87;587:<G8:@,57 5 N7 5<7: 57J C< 7C67= N95;< 867:;>: 5 56 <755 5>;:;5G C? 5? 5 67? 5E>7;<@= J=@; ;=6E6; 75:78< :NI >;7: J=@; < 6 7:778;8577;57L:7; 757<7N;5 :>I5 5<7: 57J CG #"#" ^5 65575 = ;:@;;5 >;7: 5 J=@; 5 ]J : ^8 5 :5>75;5 5 ;5675 7 5 <;<@=75 ]J : ^ 7 5 ;6 5;CP75 7? 5 5 < <7:8 75 5@<77 < 5 6 H@7:7G N^5 65575 = ;:@;;58 5 = < 6 8 7 @ 7;? @ 7 @ 7N 8 ;5:;N@7 B 7 >;7: 77; J=@B;< 58 H@ @=:655 5 7L:7;75]6I57? 5^875<7 5J=@; 5G <^ <5 86 7L76= 7@H@;= 578].^77<7559; 6;7;7:7< <7: J=@; 57775<=7876 ;58JAO,= 5<;<@=:>I57;? J7:G ^ 75J7 65BH@;<8 75575 65575 = ;:@;;5 6 @A7 7<;7: 8 75=;7: 67;56B;: ]5 N@=;5 7: 5I;77J7\7 57< 7:7575575 75: 5^G575 N7: 586 7L76= 8 5I;@5H@76 55@7755J<@=785? J<;=7:76 > < 5< 7557565575G 7^ >7AH@7; 56<@7 =I5:;= <=;A7E? 5;:7 58C? ;;<;=7>757=7> $,";69:;< 8<? 75H@75 N7 6=7L 5 =]7;? 75:\ ^7;7;: N@=N ]7;? @<^G J^: 5 5<5 58:76757:7H@75<@5I:;<55? 576757: 5 ;56E= 5W6 5;:;> 77:;> W8:>I5 5H@;5< 7:77=7: I:;<J=@;G ;55? 7:;>875H@78:: 6 7576 5:5 N7 5 =< 5 N7 E? 7:78< N5787H@: 6 5;:;>8;7;:86 <@ >;7: 5J=@; 567= 5 6=7L 577> 5H@7< 7;? @ E? >;5 G ^7:NI6757:78 5<5 57;6 5;CP757? 58H@7 = ;7;: < 6 D@ I6 5;:;> 7 75H@7 I7:;> 8 6;7; 6 @A; 7J7;: 7L<;::77 57@ 57:;> G ].^H@;= 578 @<;= 578I;;@;C? @677 >;7: 57@:;<@=C? :@=E>7=G] :;: ^ D^<@I:;<8@;: 7:7I7<7559; 6 > < 5 5 7:75G ;^: 5 5<5 57= 7CP757J=@; 5R< 75:P7586=7: 58;J=CP758 7:<G87>757@5 5 565575:5>75;58H@7;5675 5J=@; 5776 ;5 5H@7 J 7< 7 5< < 6=77:75G K^ <6 65BH@;< 875:7565575:5>75;55? 7Z7567:7: [G a^1@ 57757K6 <77@75:B@= 7<9:77=857K6 >;7: ]= ;:@;;5^8 57K 6 ;5675 J=@; 5]:5>75;5^8 6=;<,57 65575 <D 5 7 Z7< 7:7[86 <755 H@7< 5;5:77=7>6=;<C? : < 6 8<N7C 5 6I5G=75;5:;N@7@;J 77:7 5J=@; 57: ;5 7 =;A J=@L 5< 7:75>;:;5G+ 8J;< 67 @5'/ @)/<J5: 7:7G =^ H@7 5 65575 I:;< 5 6 @A 7=D 7J7;: 8 I 7<7559; H@78 67>;7:78 67 75:N7=7C =C 5 J=@B;< 5 7 5;6:;8 5 =;;77 7 < J;C 7:75;7 7:7MH@=H@757:;7: 7:;6:;8:7 @75< J;C7H@=H@7 7=758;67;9 J=@L :@=7756 :U7 5J=@; 57:7N 5G L76= R,;J=C? 5K 7=D 5G ;E5:;< 6;9; R,<@@=C? 7J=@; 5 = <=8H@77H@7;5675? G 25

;E5:;< 7=R,7:7C? 7<;5:;57@: 5 5:7<; 57:;<@=CP758<@K >;7:C? 6 @A 75;J75:567= 7:7G :7: R, 5 6 H@7:7 6 ;=: 5 <6;=75 7 6 >7 <;<@=C? ;5 ;:75 5@7 = <=G 5575 :5>75;5 6 ;5675? 7 J=@; 5G 5575 = ;:@;;5 7 7 < 7:7 6 7@=;A <;<@=C? 7= 5 J=@; 5 ;5 G L76= R, 75 75:\ < 9@57585@ 757;67:O<;G ;E5:;< 6;9; R, J=: 7 J=@; 5 E? 8 H@7 7H@7 65575 57@ <:7 ;<;:]< <7:C? ^G ;E5:;< 7=R,7565 5@< 586 ;7@=;75:;>;7 > G 7:@NC? 5;5:7>77::;> 77=G :7: R, d^ 5575 <;<@=75 = <;5M d^ " 6 H@7:7M d^ C? 5 N7 5;5:7 >77::;> R? 75H@7 6=7L 5 = 7? ;7;: 75<7 67= < =@ >7:7N=867= 5U=; 5 5;69:;< :I 6=7L 5<= @5;6=757:7677<7 ;7 > 8 N@=N M&d^5575= ;:@;;577< 7:767@=;A >;7:C? J=@; 7: ;5 G? D975J;L5 @6 <7;7: 56 ;A 56: 5 5<5 5M ::7: 76778 7 7 6:78 5 < D7<;7: 5 H@7 67 6 55@; 7 : ; 7 J;5; = ;D@5G ' 56;;:;5 86:7;7: 6 > 5 J7 876=;< 6 <755 5H@7=D7 5? 6E6; 58:>I57I;@5 : 57J<@=75<@ 5R<6<;7756 :U7 7 C? 7J=@; 5I:;< 5777<: 6=587:7 >;N:E; 5@J;<;7:77:7=: 66 @A;7J7;: 5N7IJ;< 5 5 ;5 5 7:75G 75:5 <@58 5 I;@5 7;;>;@=7:7]H@ 6=7:7 <6A75^ 7 7@6 58J < 7:75<@K 57N 5875? 57 6 6;7:7I;@5 7 7J7;: 5 JB5;< 58 6 7 J77<7 5 56B;: 5H@77 = 56;;:@= 57=77: 5 7H@7<7<7657=;ACP75H@7:O7>;5:G < <7;: = 6 7=;AC? 7 J7\7 5 JB5;< 5 5767 :7 5; 6757C7I;@577J7;: 5JB5;< 58H@75? 5H@7J 7<7 57=77: 565@ 6 @C? 87;5: I6=77:7<7: G5 756;;:;5 7=;; 5 87H@76 @C? 7 J7\7 5? I55@: 7; ;:775578@:;=;AC? 5I;@5755756I<;7I7 7>= 5<@585H@;557;<=@75 67CP757;F;<5G 5I;@575:756I<;77;87 :7;7: 57<755;: 5? 6 75 J7;:7@6C? 8757D9>9; 5 5>; 5:7: 5@N5:;:@; I;@77J7;: 5 JB5;< 58 57@ :N=D ;;>;@=8 67=5 < 7:75 7 <@M ;>I5 7 @ 6= J 7<;7: 7 7<: 6=5 J7;: 6 @ 5E I;@8 6 5 5 7 67H@7 5 J 7<;7: 5J7;: 56 >9; 5I;@5G 5:N=D 57 ; 5Z5:7@[8<; 56;55 77C? 56B;: 5: 7"? @= 85? @6=;<C? 6 <755 7 575@=: 5:O5; N 58< H@: 7>;5 J767J7;C 7: 5G ^" 75:;,57 5:7@8 ::7: 767:@NCP757<9:7:7;=875 H@ 57K< 57HVO<;57J=@; 5N;7:75 @;:7J7O<;77:;75;J7; 75G + 6=;< < < 7:7 7? 58 < 6:;<;6C? 7 B; H@: 26