KUALITAS HIDUP PADA PENDERITA GAGAL GINJAL KRONIK

Download Saat ini ada tiga terapi modalitas pengobatan yang tersedia untu? gagal ginjal ? roni? yang telah mencapai derajat V (End ..... berhubungan ...

0 downloads 675 Views 626KB Size
&%$ &! ! !#%   #  )%#!  $$ #$& -:$ # &$&#$ &!% (  #

$#!$ &7<=4.6.7=12$*5*1$*<= $@*:*<&32*7=7*.7,*9*2.5*:$*:3*7*.9.:*?*<*7

5.1 .?2!=<:2*:-@*7270;21  $

!# #$%&$!#(% $%$&$&&$ $&##% 

=

==

$&#%!#)%

25B;69FH5B85H5B;5B8=65K5<=B= '5A5 9K=)IHF=&5F8M5B=B;G=< '"&

,



9B;5B=B=G5M5A9BM5H5?5B65I?5B IBHI? A9B85D5H?5B ;9@5F 5?589A=? ,5F>5B5 65=? 8= ,-"$9G $IGIA5 !IG585 ,IF5?5FH5A5IDIBD9F;IFI5BH=B;;=@5=B  $5FM5 HI@=G =B= 585@5< AIFB= ;5;5G5B FIAIG5B 85B D9B9@=H=5B G5M5 G9B8=F= H5BD565BHI5BD=<5?@5=B?97I5@=5F5<5B-=A)9A6=A6=B;85BA5GI?5B85F= -=A)9B;I>=

 5@5A ?5FM5 HI@=G =B= H=85? H9F85D5H ?5FM5 5H5I D9B85D5H M5B; H9@5< 8=HI@=G 5H5I 8=DI6@=?5G=?5B CF5B; @5=B ?97I5@= G975F5 H9FHI@=G 89B;5B >9@5G 8=75BHIA?5BG965;5=57I5B85@5AB5G?5<89B;5B8=G96IH?5BB5A5D9B;5F5B; 85B8=75BHIA?5B85@5A85:H5FDIGH5?5  )9FBM5H55B=B=G5M56I5HG9GIB;;I
,IF5?5FH5#I@=  25B;A9A6I5HD9FBM5H55B

9K=)IHF=&5F8M5B=B;G=< '"&,



===

%!%#

)I>= ,MI?IF $9<58=F5H @@5< ,0- ?5F9B5 69F?5H F5I8I@ R$I5@=H5G !=8ID )585 )9B89F=H5 5;5@ =B>5@ $FCB=? 25B; &9B>5@5B= -9F5D= !9AC8=5@=G=G 8= +,. 8F ,C98=F5B &5B;IB ,IA5FGC $56ID5H9B 0CBC;=F= 5@5A D9BMIGIB5B G?F=DG= =B= D9BI@=G A9B85D5H 6=A6=B;5B G9FH5 8I?IB;5B 85F= 69F65;5= D=<5? )9BI@=GA9BM585F=H5BD5585BM56=A6=B;5B85B8I?IB;5BA5?5?IF5B;G9ADIFB5 D9BM9@9G5=5BG?F=DG==B=.BHI?=HID9BI@=GA9B;I75D?5BH9F=A5?5G=<?9D585 

"6I F5 ;B9G ,F= !5FH= &,= G9@5?I ?9HI5 ,-"$9G $IGIA5 !IG585 ,IF5?5FH5



"6I05


"6IF=M5B=,$9D'G &$9GG9@5?I)9A6=A6=B;)9B85AD=B; M5B;H9@5< A9A69F=?5B 65BM5? A5GI?5B 6=A6=B;5B G9FH5 5F5<5B 85@5A D9BMIGIB5B G?F=DG= =B=



"6I 05= M5B; H9@5< A9A69F=?5B 65BM5? A5GI?5B 6=A6=B;5B G9FH5 5F5<5B 85@5A D9BMIGIB5B G?F=DG==B=



=F9?HIF+IA5<,5?=H.AIA59F5<+,.8F,C98=F5B&5B;IB,IA5FGC $56ID5H9B 0CBC;=F= M5B; H9@5< A9A69F=?5B =N=B ?9D585 D9B9@=H= IBHI? A9@5?I?5BD9B9@=H=5B =J



5D5? 05@IMC G9@5?I ?9D5@5 FI5B; .B=H !9AC8=5@=G=G +,. 8F,C98=F5B &5B;IB ,IA5FGC $56ID5H9B 0CBC;=F= M5B; H9@5< A9A65BHI 85B A9B;5F5


,9@IFI<GH5:D9B;5>5F85B5?589A=?)FC8=, $9D9F5K5H5B,-"$9G$IGIA5 !IG585,IF5?5FH5M5B;H9@5<A9A65BHID9BI@=G



5D5? ,C6=F=B 85B "6I &5FM5H= 5D5? 85B "6I?I H9F7=BH5 M5B; G9@5@I A9B;5>5F?5B 5FH= ?9G565F5B 85B ?9?I5H5B M5B; H5? <9BH= P <9BH=BM5 A9B8C5?5B85BG9@5@IA9A69F=?5B ACH=J5G=G9FH58I?IB;5BH9F69G5F?9D585 D9BI@=G,9<=B;;5D9BI@=G85D5HA9BM9@9G5=?5BG?F=DG==B=89B;5BA5?G=A5@ ,?F=DG= =B= D9BI@=G D9FG9A65I5B;5B5D5?85B"6I85@5A A9F5K5H85BA9A69G5F?5BD9BI@=G



8=? H9F7=BH5 +9HBC &5F8M5BH= 5H5G 8C5 85B ACH=J5G= M5B; G9@5@I 8=69F=?5B ?9D585 D9BI@=G 85B H9@5< 69F>I5B; 69FG5A5 P G5A5 85@5A A9A65<5;=5?5B 85BA9A65B;;5?5B5D5?85B"6IH9F7=BH5

 $5?9? B9B9? G9FH5 G5I85F5 P G5I85F5 M5B; H9F?5G=< 5H5G 8C5 85B ACH=J5G= M5B;8=69F=?5B?9D585D9BI@=G  -9A5B P H9A5B?CGH (;0* 85B?CGH&5K5F9F8IF=M5B;H9@5<A9A69F=?5B 8I?IB;5B G9A5B;5H 85B ACH=J5G= ?9D585 D9BI@=G G9FH5 H9@5< 69F>I5B; 69FG5A5 P G5A585@5AD9BM9@9G5=5BG?F=DG=  -9A5B P H9A5B G9D9F>I5B;5B 85B G95B;?5H5B ,  )FC8= ,  $9D9F5K5H5B ,-"$9G $IGIA5 !IG585 ,IF5?5FH5 M5B; H5? D9FB5< 69F<9BH= A9A69F=?5B

J

8I?IB;5B ?9D585 D9BI@=G 85B H9@5< 69F>I5B; 69FG5A5 85@5A D9BM9@9G5=5B G?F=DG=  ,9@IFI< D5FH=G=D5B M5B; H9@5< 69F?9B5B A9B>58= D5FH=G=D5B 85@5A D9B9@=H=5B =B=85BH9@5<A9A65BHID9B9@=H=85@5AA9A69F=?5B=B:CFA5G=  ,9AI5 D=<5? M5B; H=85? 85D5H 8=G96IH?5B G5HI P D9FG5HI 85@5A D9BMIGIB5B G?F=DG==B= )9BI@=G A9BM585F= 65
,IF5?5FH5#I@=  )9BI@=G

J=

%#$ !5@5A5B !%&'#..%

=

%&+)' ,!'

==

,.+-)+'2-'

===

$-)' '-+

=J

-+","

J==

-+-%

L=

-+,$&

L==

-+%&)"+'

L===

-+,"' $-'

L=J

,-+$ ,-+"

""

)'!.%.'  %5H5F9@5?5B;



 +IAIG5B&5G5@5<



 -I>I5B



 &5B:55H)9B9@=H=5B



$95G@=5B)9B9@=H=5B



-"'#.').,-$   $CBG9D)9BM5?=H 5;5@ =B>5@$FCB=?    )9B;9FH=5B

 

J==

   H=C@C;=



   &5B=:9GH5G=$@=B=G



  )5HC:=G=C@C;=



  $@5G=:=?5G=



  )9B5H5@5?G5B55B



  )9A9F=?G55B)9BIB>5B;



  !9AC8=5@=G=G



   )9B;9FH=5B



   -I>I5B



   "B8=?5G=!9AC8=5@=G=G



  89?I5G=!9AC8=5@=G=G



  )9F5B)9F5K5H!9AC8=5@=G=G



  $I5@=H5G!=8ID

"""



   )9B;9FH=5B



   &C89@$CBG9D$I5@=H5G!=8ID



   5AD5?!9AC8=5@=G=GH9F<585D?I5@=H5G<=8ID



  ,H5HIG:IB;G=CB5@



&-((%( ")'%"-"'

 C?IG)9B9@=H=5B



 9G5=B)9B9@=H=5B



 -9AD5H85B05?HI)9B9@=H=5B



)CDI@5G=85B,5AD9@



J===

)9B;IADI@5B5H5

"/



 5F5)9B;IADI@5B5H5



 @5H)9B;IADI@5H5



 -5<5D)9B;IADI@5H5



B5@=G55H5



/5@=8=H5G85B+9@=56=@=H5G



H=?5)9B9@=H=5B



!,"%)'%"-"'')&!,'   5A65F5B-9AD5H)9B9@=H=5B



  5A65F5B$5F5?H9F=GH=?)5FH=G=D5B



 !5G=@)9B9@=H=5B



  -9A585F==A9BG==G=?



  -9A585F==A9BG=)G=?C@C;=G



  -9A585F==A9BG=!I6IB;5BGCG=5@



 -9A585F==A9BG=%=B;?IB;5B



)9A65<5G5B



 =A9BG==G=?



 =A9BG=)G=?C@C;=G



 =A9BG=!I6IB;5BGCG=5@



=A9BG=%=B;?IB;5B



$9H9F65H5G5B)9B9@=H=5B

=L



/

)'.-.)  $9G=ADI@5B



 ,5F5B



-+).,-$ %&)"+'

L

%#% !5@5A5B -569@  $95G@=5B)9B9@=H=5B  -569@  $@5G=:=?5G=

$69F85G5F?5B89F5>5HD9BM5?=H

L=



%# $ !5@5A5B ,?9A5  ,?5@5)9B;I?IF5B?I5@=H5G<=8IDA9BIFIH 0!(*(%F9:  ,?9A5  C?IG)9B9@=H=5B

L==



%#!#

%5AD=F5B

 .GI@5BHCD=?D9B9@=H=5B

%5AD=F5B

 )9B;5>I5BD9FG9HI>I5B>I8I@

%5AD=F5B

)9B;5>I5B=N=BGHI8=D9B85
%5AD=F5B

,IF5H=N=BGHI8=D9B85
%5AD=F5B

,IF5H+9?CA9B85G=$9G65B;DC@0CBC;=F=

%5AD=F5B

,IF5HD9B;5BH5F+,.8F,C98=F5B&5B;IB,IA5FGC0CBC;=F=

%5AD=F5B

)9B;5>I5BGIF5H D9B9@=H=5B

%5AD=F5B

,IF5H=N=BD9B9@=H=5B

%5AD=F5B

,IF5HF9?CA9B85G=$9G65B;DC@0CBC;=F=

%5AD=F5B ,IF5HD9B;5BH5F+,.8F,C98=F5B&5B;IB,IA5FGC0CBC;=F= %5AD=F5B ,IF5HD9FBM5H55BG9@9G5=D9B9@=H=5B %5AD=F5B ,IF5HD9FAC58=D5FH=G=D5B %5AD=F5B )9FG9HI>I5BA9B>58=D5FH=G=D5B %5AD=F5B  )98CA5BK5K5B75F5 %5AD=F5B  #58K5@D9B9@=H=5B %5AD=F5B  %9A65F6=C85H5D5FH=G=D5B %5AD=F5B  %9A65F?CBGI@H5G= %5AD=F5B  -F5BG?F=DK5K5B75F5 %5AD=F5B  -9A5 P H9A5 %5AD=F5B $5H5?IB7=85BA5?B5  A5?B5

L===

%#$%

/

?G9G/5G?I@5F=GHI@5

J,
?G9G/5G?I@5F,
$

I5B;=F$97=@

.'

 366+#9,(0;96.,5

$

 /9650*0+5,@0:,(:,

+

 /9650* ,5(3(03<9,

,+

 5+!;(., ,5(3 0:,(:,

,+

 5+!;(., ,5(3(03<9,

 

 6*<:96<70:*<::065

$ +

 5;5@;=B>5@?FCB=?  364,9<3<:03;9(;065 (;,

!

!9AC;@C6=B

!

!9AC8=5@=G=G

".

 5;,5:0=,(9,#50;

%

%5>I=@HF5G= @CA9FI@IG

&@

&=@=%=H9F

&;

&=@= F5A

'$

 "/,(;065(30+5,@6<5+(;065

)!

)5B;?5H!=8FC;9B

*

 <0*2-366+

+,.

+IA5<,5?=H.AIA59F5<

L=J

,

,9?C@5<5G5F

.,+,

 "/,#50;,+!;(;,: ,5(3(;(!@:;,4

0!(

 %693+,(3;/9.(50A(;065

0!(*C%

 %693+,(3;/9.(50A(;065 <(30;@6-0-,

2 "

25M5G5B =B>5@=5HF5BG"B8CB9G=5

LJ

)+( +&,-.", $)+0-' ,-"$,$.,.&!.,,.+$+-  9K=)IHF=&5F8M5B=B;G=< =*52<*;2-=9!*-*!.7-.:2<**0*5273*5:8724)*70.73*5*72%.:*92 .68-2*52;2;-2 #$&-:$8.-2:*7*70=7$=6*:;8*+=9*<.7(87802:2 6GHF5?

)9BM5?=H ;=B>5@ A9B75?ID 69F65;5= D9BM5?=H 85B ;5B;;I5B M5B; A9AD9B;5FI<=;=B>5@#=?5D9BM5?=H;=B>5@H=85?G9;9F58=C65H=85B8=H5B;5B=A5?5 5?5BH9F>58=;5;5@;=B>5@ 5;5@;=B>5@5?5BA9B;5?=65H?5BH9F;5B;;IBM5?I5@=H5G <=8IDD9B89F=H5!9AC8=5@=G=GA9FID5?5BH=B85?5BD9B;;5BH=:IB;G=;=B>5@IBHI? A9B;9@I5F?5BG=G5A9H56C@=GA9 )9B9@=H=5B =B= 69FHI>I5B IBHI? A9B;9H55@ ?FCB=? M5B; A9B>5@5B= H9F5D= <9AC8=5@=G=G 8= +,. 8F,C98=F5B &5B;IB ,IA5FGC $56ID5H9B 0CBC;=F= )9B9@=H=5B =B= A9B;;IB5?5B A9HC89 ?I5@=H5H=: 89B;5B D9B89?5H5B :9BCA9BC@C;=G 5H5 8=D9FC@9< 85F= K5K5B75F5 A9B85@5A H9F<585DD5FH=G=D5BM5B;A9B>5@5B=H9F5D=<9AC8=5@=G=GG5HIH55@ $5H5$IB7= 5;5@ =B>5@$FCB=?$I5@=H5G!=8ID!9AC8=5@=G=G 5:H5F)IGH5?5  

 

LJ=

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

9K=)IHF=&5F8M5B=B;G=< 2/."=*52<@8/1:872,#.7*5*25=:.52.7<;&7-.:08270.68-2*5@;2; %1.:*9@*<-:$8.-2:*7*70=7$=6*:;88,*5.7.:*58;92<*58/ (87802:2#.0.7,@ 6GHF57H

$=8B9M8=G95G9=B7@I89GJ5F=CIG8=G95G9G5B8 8=GCF89FGH<5H5::97H?=8B9MG ":H<9?=8B9M8=G95G9=GBCH=AA98=5H9@MA98=75H985B8<5B8@98H<9F9B5@:5=@IF9 K=@@ C77IF -<9 F9B5@ :5=@IF9 K=@@ 8=GFIDH H<9 @=:9 EI5@=HM C: =HG GI::9F9F !9AC8=5@MG=G=G5B=BH9FJ9BH=CBHCGI6GH=HIH9H<9F9B5@:IB7H=CBG HC8=G7<5F;9H<9 K5GH9GC:A9H56C@=GA -<9 C6>97H=J9 C: H<=G F9G95F7< =G HC =BJ9GH=;5H9 H<9 @=:9 EI5@=HM C: 7
 

LJ==

 !&&

 %# )9BM5?=H ;=B>5@ A9B75?ID 69F65;5= D9BM5?=H 85B ;5B;;I5B M5B; A9AD9B;5FI<= ;=B>5@ ,965;=5B 69G5F D9BM5?=H ;=B>5@ A9BM9F5B; IB=H D9BM5F=B;5B ;=B>5@ B9:FCB 85B A9FIG5? ?9A5ADI5B IBHI? A9B;<=@5B;?5B @=A65< 85B ?9@96=<5B 75=F5B CFF=;5B  #=?5 D9BM5?=H ;=B>5@ H=85? G9;9F5 8=C65H= 85B 8=H5B;5B= A5?5 ?9AIB;?=B5B 5?5B H9F>58= ;5;5@ ;=B>5@ 5;5@ ;=B>5@ A9FID5?5B 5?=65H 85F= 6969F5D5 D9BM5?=H ;=B>5@ M5B; GI85< A9B55@ 5?IH >=?5 ?IF5B; 85F= H=;5 6I@5B 85B ;5;5@ ;=B>5@?FCB=?>=?5@96=< 85F=H=;56I@5B "/, (;065(3 0+5,@ 6<5+(;065 

 A9B89:=B=G=?5B ;5;5@ ;=B>5@ ?FCB=? G965;5= 585BM5 ?9FIG5?5B ;=B>5@ 5H5I A9BIFIBBM5 H=B;?5H :IB;G= ;=B>5@ IBHI? >5B;?5 K5?HI H=;5 6I@5B 5H5I @96=< !5@ =B= 85D5H 8=65;= @5;= A9B>58=  H5<5D H9F;5BHIB; D585 H=B;?5H ?9D5F5<5B ?9FIG5?5B ;=B>5@ 85B H=B;?5H D9BIFIB5B :IB;G= ;=B>5@ -5<5D  /9650* 0+5,@ 0:,(:, $ 8=G96IHG965;5=GH58=IA5?<=FD9BM5?=H;=B>5@ ;5;5@;=B>5@ 5+!;(., ,5(3 0:,(:, 5+ !;(., ,5(3 (03<9, -5<5D =B= A9FID5?5B 5?<=F 85F= :IB;G= ;=B>5@ =B>5@69?9F>5?IF5B;85F= 85F=BCFA5@CFF=;5B  $5GIG ;5;5@ ;=B>5@ ?FCB=? @5DCF5B "/, #50;,+ !;(;,: ,5(3 (;( !@:;,4 .,+,  A9BIB>I??5B 79,=(3,5:0 9(;, D9B89F=H5 D9BM5?=H ;=B>5@ ?FCB=? 8= A9F=?5 ,9F=?5H D585 H5IH5





D9B8I8I? "9,(;4,5; 6- 5+!;(., 9.(5 (03<9, 05 (5(+(

 G5AD5=

 A9BM96IH?5B 65
 K5F;5 $5B585 <=8ID 89B;5B D9BM5?=H;5;5@;=B>5@?FCB=?85BH9@5<A9B=B;?5H<5AD=F L@=D5H85F=H5IA@5< H9FG96IH   

 H9@5< A9B>5@5B= <9AC8=5@=G=G 85B G965BM5?

 CF5B; 69F585 8=>58K5@ HIB;;I IBHI? HF5BGD@5BH5G= ;=B>5@ CFF=;5B 

,985B;?5B 8= "B8CB9G=5 G9H=5D H5
A9B75D5=

P  >IH5D9B8I8I?=+,..@=B5B>5FA5G=B$5@=A5BH5B -=AIF DF9J5@9BG= D9B89F=H5 ;5;5@ ;=B>5@ ?FCB=? A9B75D5=   D5G=9B D585 6I@5B9G9A69F +55@?FCB=?A9B>58=A5G5@5< 69G5F 8IB=5 ?5F9B5 GI@=H 8=G9A6I5@?FCB=? ,55H=B=585H=;5H9F5D=AC85@=H5GD9B;C65H5BM5B;H9FG98=5IBHI?;5;5@ ;=B>5@ ?FCB=? M5B; H9@5< A9B75D5= 89F5>5H / 5+ !;(., ,5(3 0:,(:, M5=HI <9AC8=5@=G=G D9F=HCB95@ 8=5@=G=G 85B HF5BGD@5BH5G= ;=B>5@ CFF=;5B  -9F65H5GBM5 >IA@5< 8CBCF ;=B>5@ M5B; H9FG98=5 IBHI? HF5BGD@5BH5G= 8=5@=G=G <9AC8=5@=G=G85BD9F=HCB95@ 8=5@=G=G79B89FIB;A9B>58=A9HC89M5B;D5@=B; IAIA85F=D9B;C65H5B CFF=;5B &9BIFIH.,+, D585H5IA@5< D5G=9B 65FI M5B; A9AI@5= <9AC8=5@=G=G AI@5= HIFIB G965BM5? HCH5@?9>58=5BD5G=9BM5B;A9B>5@5B=8=5@=G=G585@5<G965BM5?  CF5B; G9A9BH5F5  CF5B; H9@5< A9B9F=A5 85B A9@5?I?5B HF5BGD@5BH5G= HCH5@ 85F= G9AI5 D5G=9B M5B; A9B>5@5B= H9F5D= D585 ,5+ :;(., 9,5(3 +0:,(:, D585 H5


,C98=F5B &5B;IB ,IA5FGC $56ID5H9B 0CBC;=F= M5B; A9B>5@5B= H9F5D= <9AC8=5@=G=GA9B75D5= CF5B; !9AC8=5@=G=G 585@5< GI5HI 69BHI? H=B85?5B D9FHC@CB;5B 89B;5B A9B;;IB5?5B 5@5H M5=HI +0(30A,9 M5B; 69FHI>I5B IBHI? A9BM5F=B; 85B A9A6I5B; G=G5 DFC8I? A9H56C@=GA9 HC?G=? M5B; G9<5FIGBM5 8=6I5B; C@9< ;=B>5@!9AC8=5@=G=GA9FID5?5BH9F5D=IH5A5G9@5=BHF5BGD@5BH5G=;=B>5@D585 CF5B; CF5B;89B;5B;5;5@;=B>5@?FCB=?+5IA@5<D9F5K5HCF5B;,<=:HD5;=85BG=5B; G9@5@I D9BI< 85@5A G5HI A=B;;I -9F<=HIB; G965BM5?   CF5B; M5B; A9B>5@5B=<9AC8=5@=G=G65=?G5HIA=B;;IG5HI?5@=A5IDIBG5HIA=B;;I8I5 ?5@= 85B @5A5BM5 <9AC8=5@=G=G G9@5A5  P  >5A )9A9F=?G55B @56CF5HCF=IA IF9IA ?F95H=B=B <9AC;@C6=B 8@@ 8=@5?I?5B D585 G55H 5K5@ D5G=9B H9F8=5;BCG5D9BM5?=H;5;5@;=B>5@?FCB=?)9A9F=?G55BG55HD9F5K5H5B<5BM5 D585G55H8=D9F@I?5B?9H=?5D5G=9BA9B;5@5A=?CB8=G=M5B;AI@5=A9A6IFI? 5F= K5K5B75F5 M5B; 8=@5?I?5B ?9D585  D5G=9B M5B; A9B>5@5B= <9AC8=5@=G=G 8=5D5H?5B 85H5 A9B;9B5= 8=A9BG= :=G=? 8=A9BG= DG=?C@C;= 8=A9BG=@=B;?IB;5B85B8=A9BG=GCG=5@ 5H5 M5B; 8=D9FC@9< 85F= 8=A9BG= :=G=? G9AI5 D5G=9B   D5G=9B A9B;IB;?5D?5BA9F5G5?5BBM9F=D585G9@IFI<HI6I<85BA9F5G5@9A5GD585



5K5@ D9BM5?=HBM5 'M9F= 8=F5G5?5B ?9H=?5 5?H=J=H5G ,9AI5 D5G=9B >I;5 A9B;IB;?5D?5B ?9H=?5 8=D5G5B; / =GHI@5 ?G9G /5G?I@5F =GHI@5 5?5B A9F5G5?5BBM9F=85BG9H9@5<<9AC8=5@=G=GG9@9G5=5?5BA9F5G5?5BDIG=B;85B G5?=H ?9D5@5 G9FH5 @9A5G M5B; H9F?585B; A9B;;5B;;I IBHI? D9F>5@5B5B DI@5B; ,9A9B>5? <5FIG A9B>5@5B= <9AC8=5@=G=G 5?H=J=H5G :=G=? 85F= ?9H=;5 D5G=9B5?5BH9F;5B;;I85BH=85?A5?G=A5@G9D9FH=855@5B= <9AC8=5@=G=G I5 D5G=9B M5B; 65FI A9B>5@5B= <9AC8=5@=G=G G9@5A5  6I@5B <5FIG =GH=F5<5H HCH5@ 85B H=85? 69?9F>5 B5AIB H9A5B ?9F>5BM5 GI85< 6=G5 A9B;9FH= ?9AI8=5B  D5G=9B M5B; GI85< A9B>5@5B= <9AC8=5@=G=G G9@5A5 H555BFIA5<H5B;;5G975F5A5B8=F=$9H=;5D5G=9B A9B;IB;?5D?5B H=85? 85D5H D9F;= >5I< 85B 69F@5A5 P @5A5 ?5F9B5 A9F9?5 A9ADIBM5= >58K5@ <9AC8=5@=G=G M5B; H=85? AIB;?=B IBHI? 8=H=B;;5@?5B $9H=;5 D5G=9B A9B;5@5A= BIHF=G= M5B; H=85? 589?I5H 8=?5F9B5?5B G9H9@5< <9AC8=5@=G=G A9B;5@5A= AI5@ 85B AIBH5< ,5HI D5G=9B A9B;5H5?5B G9H9@5< 8=@5?I?5B <9AC8=5@=G=G ?95855B HI6I9@5B;<9AC8=5@=G=G 5H5 M5B; 8=D9FC@9< 85F= 8=A9BG= DG=?C@C;=  D5G=9B A9B;5H5?5B 655@ 85B <5FIG A9B>5@5B= <9AC8=5@=G=G A9F9?5 G9@5@I 69F:=?=F B9;5H=: H9BH5B; <=8IDBM5 G9D9FH= ?9B5D5 G5M5 G5?=H G9D9FH= =B= D585<5@ G5M5 A5G=< AI85 ,5HI D5G=9B A9B;5H5?5B 655? 5K5@ 8=5;BCG5 $9H=;5 D5G=9B A9A=@=?=<5F;58=F=M5B;DCG=H=:G9D9FH=A9F9?585D5H 8=<5F;5=C@9<CF5B;@5=B



$9H=;5D5G=9BG55H=B=A9B9F=A5?CB8=G=BM5?5F9B5A9A5B;GI85<>5@5BM5B; 8=H9BHI?5B -I<5B =B= A9A6I5H A9F9?5 G9A5?=B A9B89?5H?5B 8=F= ?9D585 -I<5B '5AIB  D5G=9B A9B;5H5?5B 6555BBM5 $9H=;5 D5G=9B GI85< A9B85D5H 8I?IB;5B M5B; D9BI<85F=6969F5D5 5B;;CH5?9@I5F;585BH9A5B-=;5D5G=9BA9BM96IH?5B H=85? 85D5H 69F5A?9GA5G !5BM5 G5>5 IBHI? HF5BGDCFH5G= <5FIGA9B;;IB5?5BI5B;G9B8=F=)5855K5@BM5 D5G=9B69@IAA9B;9H55A?9GA5G ?9AI8=5B 8=>9@5G?5B C@9< D9F5K5H FI5B;5B ?G9G ?9G9<5H5B M5B; H=85? H9F@5@I >5I< 85F= FIA5< A9A6I5H ?9H=;5 D5G=9B AI85< IBHI? A9B85D5H?5B D9@5M5B5B <9AC8=5@=G=G 5H5I D9@5M5B5B ?9G9<5H5B !5AD=F 85F= G9@IFI< ?I5@=H5G ?9<=8ID5B D5G=9B 69FI65< G9A9B>5? <5FIG A9B>5@5B= <9AC8=5@=G=G &9F9?5 H9@5< A9B;9H5


G9@IFI< 85F= 5GD9? ?9<=8ID5BBM5 69FI65< G9A9B>5? <5FIG <9AC8=5@=G=G $9H=;5 D5G=9B <5FIG 69FH5<5B 89B;5B ?CB8=G= G55H =B= 85B G96=G5 AIB;?=B H9H5D69F5?H=J=H5G !5@=B=A9B>58=GI5HID9F<5H=5B?5@ ?FCB=? 5?5B A9B=A6I@?5B 69F65;5= A575A ;5B;;I5B @5=BBM5 )585 ;5;5@ ;=B>5@ ?FCB=? 5?5B H9F>58= D9BIFIB5B :IB;G= ;=B>5@ 85@5A DFCG9G 9F=HFCDC9G=G M5B; 85D5H A9BM9656?5B 5B9A=5 H9F>58=BM5 <=D9FH9BG= 85B 989A5 M5B; 69F5?=65H D585 D9BIFIB5B ?I5@=H5G <=8ID D5G=9B 65=? 85F= G9;= :=G=? A9BH5@ GCG=5@85B@=B;?IB;5B+55@ ?FCB=? M5B; A9B>5@5B= H9F5D= <9AC8=5@=G=G A5G=< A9FID5?5B A5G5@5< M5B; A9B5F=? D9F<5H=5B D5F5 DFC:9G=CB5@ ?9G9<5H5B )5G=9B 6=G5 69FH5<5B <=8ID 89B;5B A9B>5@5B= H9F5D= <9AC8=5@=G=G B5AIB A5G=< A9BM=G5?5B G9>IA@5< D9FGC5@5B D9BH=B; G965;5= 85AD5?

85F=

H9F5D=

<9AC8=5@=G=G

!9AC8=5@=G=G

69FHI>I5B

IBHI?

A9AD9FH5<5B?5B ?I5@=H5G <=8ID D9B89F=H5 FIBB9F  ,I885FH

 &9B75D5= ?I5@=H5G <=8ID D9F@I D9FI65<5B G975F5 :IB85A9BH5@ 5H5G 75F5 D5B85B;D5G=9BH9F<585DD9BM5?=H;5;5@ ;=B>5@?FCB=?=HIG9B8=F=-C;5HCFCD  %693+ ,(3;/ 9.(50A(;065 0!( A9B>9@5G?5B 65I;5 H9F85D5HBM5 ?9G9>558= A5G5@5< D585 D5G=9B 89B;5B ;5;5@ ;=B>5@ ?FCB=? ?5F9B5 D585



D9BM5?=H H9FG96IH H9F>58= D9BIFIB5B ?I5@=H5G <=8ID M5B; A9@=DIH= 5GD9?  5GD9?H9FG96IH%57GCB  %693+ ,(3;/ 9.(50A(;065 <(30;@ 6- 0-, A9B;9AI?5?5B ?I5@=H5G <=8ID585@5<D9FG9DG==B8=J=8I85@5A?9A5ADI5B?9H9F65H5G5B;9>5@5G9FH5 G=:5H DG=?CGCG=5@ <=8IDBM5 85@5A ?CBH9?G 6I85M5 85B G=GH9A B=@5= IBHI? A9B>5@5B?5B D9F5B 85B :IB;G=BM5 0!(*C% 8=?IH=D 85@5A 'IF7<5M5H=   )9FI65<5B :=G=? M5B; 69F5G5@ 85F= ;5;5@ ;=B>5@ ?FCB=? M5B; GI85< A9B75D5=GH5;9/H=85?<5BM5H9F65H5GD585G=GH9A;=B>5@,=GH9AHI6I<@5=B >I;5 85D5H 8=D9B;5FI<= 85B A9BM9656?5B D9BIFIB5B GH5HIG ?9G9<5H5B 85B ?I5@=H5G <=8ID 5BM5? D9FI65<5B M5B; H9F>58= D585 D9B89F=H5 ;5;5@ ;=B>5@ ?FCB=?M5=HID9FI65<5B:=G=?G975F5H9FD=G5<A5G=B;A5G=B;D9FI65<5B:=G=? A9A=@=?= DCH9BG= IBHI? A9BIFIB?5B ?I5@=H5G <=8ID D9FI65<5B DG=?C@C;= :@*/636.0*(3 /(5.,: F9GDCB DG=?C@C;=G D5G=9B H9F<585D D9BM5?=H 85D5H 69FJ5F=5G= 85B G9F=B; 69F5@ ?FCB=? GH5;9 / D9B5A65<5B 89DF9G= ?9 85@5A D=?=F5BBM5 85D5H G9A5?=B A9AD9F6IFI? ?95855B-5@@=G

 ,9@5=B D9FI65<5B D585 :=G=? 85B DG=?C@C;=G -5@@=G >I;5 A9BM96IH?5B D585 D9BM5?=H ;5;5@ ;=B>5@ ?FCB=? 5?5B A9B;5@5A= D9FI65<5B GCG=5@ :6*0(3 */(5.,:BIHF=G=A9FID5?5B?CADCB9BD9BH=B;85BIH5A585@5A?9<=8ID5B G9H=5D CF5B; .BHI? CF5B; 89B;5B ;5;5@ ;=B>5@ ?FCB=? D9BH=B;BM5 ;=N=



A9B;=B;5H 85AD5? B9;5H=: 85F= A5B5>9A9B 8=9H M5B; 6IFI? :9? G5AD=B; H9FG96IH H9FA5GI? <=D9F?5@9A=5 <=D9F:CG:5H9A=5 DFCH9=B M5B; 69F5F5B;IBHI? D5G=9B 89B;5B ;5;5@ ;=B>5@ ?FCB=? IBHI? A9B;IF5B;= ?9H9F@=65H5B GCG=5@ A9F9?5?5F9B5D9A65H5G5BA5?5B5B85B75=F5BM5B;?9H5H-5@@=G

 !5G=@ D9B9@=H=5B $IGIA5K5F85B= 

 A9BIB>I??5B 655@ ?FCB=? 8= +IA5< ,5?=H F $5F=58= ,9A5F5B; !5@ =B= A9BIB>I??5BG9A5?=BH=B;;=?5F5?H9F=GH=?G9G9CF5B;A5?55?5BG9A5?=B65=? DI@5 ?I5@=H5G <=8IDBM5 $5F5?H9F=GH=? G9G9CF5B; G5B;5H A9AD9B;5FI<= DC@5 ?9<=8ID5B G9G9CF5B; ?5F5?H9F=GH=? 6=G5 8=@=<5H 85F= 6969F5D5 GI8IH D5B85B; 8=5BH5F5BM5IAIF>9B=G?9@5A=B85BH=B;?5HD9B8=8=?5BG9G9CF5B;8=G5AD=B; =HI?9G9F=IG5BG9G9CF5B;85@5AA9B>5;5?9G9<5H5BBM5G5B;5HA9AD9B;5FI<= ?I5@=H5G ?9<=8ID5BBM5 65=? 85@5A 69F5?H=J=H5G =GH=F5<5H 5H5IDIB G975F5 DG=?C@C;=G 5BM5? CF5B; M5B; 69F5B;;5D5B 655@5?5BA9B;5@5A=D9BIFIB5B85@5A?9<=8ID5BBM5 ,965;5= *(9, 796=0+,9 85B D9A69F= @5M5B5B ?9D585 D5G=9B A5?5 D9F5K5H ?5@?FCB=?M5=HI85@5AF5B5<DF=A9FG9?IB89F 85B H9FG=9F )9F5K5H 69FD9F5B 85@5A A9A69F=?5B 98I?5G= ?9D585 D5G=9B H9BH5B; D9BM5?=H DFC;BCG=G G9FH5 D9F5K5H5BBM5 G9<=B;;5 D9BM5?=H ;=B>5@



H=85? A9B;5@5A= DFC;9G=:=H5G 85B A9BM9656?5B ?CAD@=?5G= G9FH5 ?9A5H=5B %693+0+5,@(@ 8=?IH=D85@5A'IF7<5M5H=  9F85G5F?5BIF5=5B8=5H5GD9B9@=H=H9FH5F=?IBHI?A9@5?I?5BD9B9@=H=5B A9B;9B5= ?I5@=H5G <=8ID D5G=9B ;5;5@ ;=B>5@ ?FCB=? M5B; G985B; A9B>5@5B= H9F5D=<9AC8=5@=G=G

  #&&$$ 9F85G5F?5B @5H5F 69@5?5B; 8=5H5G 85B :9BCA9B5 M5B; AIB7I@ A9B;9B5= ?I5@=H5G <=8ID D5G=9B ;5;5@ ;=B>5@ ?FCB=? M5B; G985B; A9B>5@5B= H9F5D= <9AC8=5@=G=G A5?5 FIAIG5B A5G5@5< 85@5A D9B9@=H=5B =B= 585@5<  R65;5=A5B5?I5@=H5G<=8IDD5G=9B;5;5@;=B>5@?FCB=?M5B;G985B;A9B>5@5B= H9F5D=<9AC8=5@=G=G8=H=B>5I85F=69F65;5=8=A9BG=?9<=8ID5BS

  %&&!%    -I>I5B.AIA )9B9@=H=5B=B=A9A=@=?=HI>I5BIAIAM5=HIIBHI?A9B>9@5G?5B?I5@=H5G <=8ID D5G=9B ;5;5@ ;=B>5@ ?FCB=? M5B; G985B; A9B>5@5B= H9F5D= <9AC8=5@=G=G    -I>I5B$I5B?


 &9B;5B5@=G5 ?I5@=H5G <=8ID D5G=9B 8=@=<5H 85F= 8=A9BG= ?9G9<5H5B DG=?C@C;=G

 &9B;5B5@=G5 ?I5@=H5G <=8ID D5G=9B 8=@=<5H 85F= 8=A9BG=
  %!% !5G=@D9B9@=H=5B8=<5F5D?5B85D5HA9A69F=?5BA5B:55H65;=   "BGH=HIG=?9D9F5K5H5B FIA5<G5?=H  5D5H A9B5A65< K5K5G5B

D9F5K5H H9BH5B; D9BH=B;BM5

A9B;9H55@ ?FCB=?  M5B; A9B>5@5B= <9AC8=5@=G=G 89B;5B F5B5< H=B85?5B A9A69F=?5B D9B8=8=?5BA9B;9B5=5K5@8=5;BCG=GH9F5D=FIH=B<9AC8=5@=G=G85B D9A69F=5BACH=J5G=  &9A69F=?5B D9B;9H55@ ?FCB=? M5B;A9B>5@5B=H9F5D=<9AC8=5@=G=G   "@AI?9D9F5K5H5B  &9B;9A65B;?5B =BH9FJ9BG= ?9D9F5K5H5B 65;= D5G=9B ;5;5@ ;=B>5@ ?FCB=? M5B; A9A=@=?= G9A5B;5H 85B ACH=J5G= F9B85< IBHI? 6=G5 A9B9F=A5?CB8=G=BM5



 &9B;9A65B;?5B =BH9FJ9BG= ?9D9F5K5H5B D9A69F=5B D9B8=8=?5B A9B;9B5=?I5@=H5G<=8ID655@89B;5BH9F5D= <9AC8=5@=G=G85D5H69FH5<5B<=8ID@96=<D5B>5B;   5;==BGH=HIG=D9B8=8=?5B?9D9F5K5H5B  5D5H8=>58=?5B?9DIGH5?55BA9B;9B5=?I5@=H5G<=8IDD5G=9B;5;5@ ;=B>5@?FCB=?M5B;G985B;A9B>5@5B=<9AC8=5@=G=G  5D5H8=>58=?5B57I<5B65;=D9B9@=H=5BG9@5B>IHBM5  5;=D9B9@=H=@5=B 5D5H 8=>58=?5B D9B9@=H=5B G9@5B>IHBM5 A9B;9B5= D9B89F=H5 ;5;5@ ;=B>5@ ?FCB=? M5B; A9B>5@5B= H9F5D= <9AC8=5@=G=G H9FIH5A5 8= +IA5< ,5?=H .AIA 59F5< +,. 8F,C98=F5B &5B;IB ,IA5FGC $56ID5H9B0CBC;=F=  5;=D9B9@=H= &9B5A65< K5K5G5B =@AI D9B;9H55@?FCB=?M5B;G985B;A9B>5@5B=H9F5D=<9AC8=5@=G=G

  $!% )9B9@=H=5B =B= 8=:C?IG?5B D585 ?I5@=H5G <=8ID D9B89F=H5 ;5;5@ ;=B>5@ ?FCB=?M5B;G985B;A9B>5@5B=H9F5D=<9AC8=5@=G=G89B;5BA9B9?5B?5B5GD9? 85B8=A9BG=85F=?I5@=H5G<=8IDD9B89F=H5;5;5@;=B>5@?FCB=?



%*+.5 .*;52*7 !.7.52<2*7 '5A5 )9B9@=H= ,C:=5B5 'IF7<5M5H=  

" IGH= MI )I>5 GHIH= 9K=  

#I8I@ )9B9@=H=5B 5?HCF P :5?HCF M5B; 69F5@ ?FCB=? M5B;A9B>5@5B= <9AC8=G@=G=G 8= +IA5< ,5?=H "G@5A 5H=A5< =@575D 85B +IA5< ,5?=H .AIA 59F5< 5BMIA5G

&9HC89 )9B9@=H=5B 9G?F=DH=: ?CF9@5G= 89B;5B D9B89?5H5B *96:: :,*;065(3 :;<+@

!I6IB;5B 5BH5F5 <0*26366+ * 89B;5B 589?I5G= <9AC8=5@=G=G D585 D5G=9B M5B;A9B>5@5B= H9F5D=

$I5BH=H5H=: 89B;5B D9B89?5H5B *96:: :,*;065(3 :;<+@

!5G=@ )9B9@=H=5B $I5@=H5G <=8ID D9B89F=H5 H=85? 69F9B=G ?9@5A=B D9B8=8=?5B D9?9F>55B 5B9A=5 589?I5G= <9AC8=5@=G=G 85B 5?G9G J5G?I@5F @5A5 <9AC8=5@=G=G 69F5@5B= <9AC8=5@=G=G 69F9G=?C  ?5@= <=8IDBM5 ?IF5B; 69F?I5@=H5G :5?HCF8CA=B5B M5B; 69F
)9B9@=H=5B ,9?5F5B; #I8I@  $I5@=H5G <=8ID D585 D9B89F=H5 ;5;5@ ;=B>5@ ?FCB=? M5B; A9B>5@5B= H9F5D= <9AC8=5@=G=G8= +,. 8F,C98=F5B &5B;IB ,IA5FGC $56ID5H9B 0CBC;=F= &9HC89  $I5@=H5H=: 89B;5B D9B89?5H5B :9BCA9BC@C;=G

#I8I@  $I5@=H5G <=8ID D585 D9B89F=H5 ;5;5@ ;=B>5@ ?FCB=? M5B; A9B>5@5B= H9F5D= <9AC8=5@=G=G8= +,.



<9AC8=5@=G=G8= FI5B; ! +,. 5F95< -565B5B5@=

8=HM5 +=N?M F=9: +5
!I6IB;5B 5BH5F5 589?I5G= <9AC8=5@=G=G 85B ?I5@=H5G <=8IDD5G=9B8= +,. .@=B 5B>5FA5G=B

$I5BH=H5H=: 89B;5B D9B89?5H5B *96:: :,*;065(3

D9B;<=HIB;5B $H / 85B .++ 5F= J5F=569@ D9F5B7I <5BM5 >9B=G ?9@5A=B M5B; A9A=@=?=
8F,C98=F5B &5B;IB ,IA5FGC $56ID5H9B 0CBC;=F= &9HC89  $I5@=H5H=: 89B;5B D9B89?5H5B :9BCA9BC@C;=G #I8I@  $I5@=H5G <=8ID D585 D9B89F=H5 ;5;5@ ;=B>5@ ?FCB=? M5B; A9B>5@5B= H9F5D= <9AC8=5@=G=G8= +,. 8F,C98=F5B &5B;IB ,IA5FGC $56ID5H9B 0CBC;=F= &9HC89  $I5@=H5H=: 89B;5B D9B89?5H5B :9BCA9BC@C;=G

 %&!&$%

  $!!)%#   !.70.:<2*7 5;5@ ;=B>5@ ?FCB=? */9650* 20+5,@ +0:,(:, 585@5< 89GHFI?G= GHFI?HIF;=B>5@M5B;DFC;F9G=:85BH9FIGA9B9FIG 5;5@;=B>5@?FCB=?85D5H H=A6I@ 85F= <5AD=F G9AI5 D9BM5?=H D9BM9FH5 5?5B H9F>58= D9F6IFI?5B :IB;G=;=B>5@G975F5DFC;F9G=:M5B;8=H5B85=89B;5BD9BIFIB5B@5>I:=@HF5G= ;@CA9FI@IG% M5B;DFC;F9G=:CFK=B

 "/,(;065(30+5,@6<5+(;065 

A9B89:=B=G=?5B;5;5@;=B>5@ ?FCB=? G965;5= 585BM5 ?9FIG5?5B ;=B>5@ 5H5I A9BIFIBBM5 H=B;?5H :IB;G= ;=B>5@ IBHI? >5B;?5 K5?HI H=;5 6I@5B 5H5I @96=< 5;5@ ;=B>5@ ?FCB=? =B= 85D5H 8=65;= @5;= A9B>58=  H5<5D H9F;5BHIB; D585 H=B;?5H ?9D5F5<5B ?9FIG5?5B ;=B>5@ 85B H=B;?5H D9BIFIB5B :IB;G= ;=B>5@ -5<5D  /9650* 0+5,@0:,(:, $8=G96IHG965;5=GH58=IA5?<=FD9BM5?=H;=B>5@ ,5+ :;(.,9,5(3+0:,(:, ,5+:;(.,9,5(3-(03<9,-5<5D=B=A9FID5?5B5?<=F 85F= :IB;G= ;=B>5@ =B>5@ 69?9F>5 ?IF5B; 85F=  85F= BCFA5@ CFF=;5B  /9650*

,5(3 (03<9, + 5H5I ;5;5@ ;=B>5@ ?FCB=? 585@5<

?9FIG5?5B ;=B>5@ M5B; 099,=,9:0),3 M5B; 8=5?=65H?5B ?5F9B5 69F65;5=





A575A 7=89F5 D585 ;=B>5@ M5B; A9B;5?=65H?5B G=B8FCA ?@=B=G M5B; 8=G96IHIF9A=5A5BI9@G9B+CG9B@=75@?FCB=?

$M5B;AI@5=D9F@I8=5@=G=G585@5<D9BM5?=H

;=B>5@?FCB=?M5B;A9B;5@5A=D9BIFIB5B:IB;G=;=B>5@89B;5B@5>I:=@HF5G= ;@CA9FI@IG %    A% A9B=H )585 ?95855B =B= :IB;G= ;=B>5@ GI85< G5B;5H A9BIFIB G9<=B;;5 H9F>58= 5?IAI@5G= HC?G=B 85@5A HI6I< M5B; 8=G96IH 89B;5B IF9A=5 )585 ?95855 IF9A=5 8=6IHI5@ IBHI? A9B;5A6=@ 5@=< :IB;G= ;=B>5@ 85@5A A9B;9@=A=B5G= HC?G=B HI6I<G9<=B;;5H=85?H9F>58=;9>5@5M5B;@96=<69F5H5
   <285802 969F5D5D9BM5?=HM5B;85D5HA9FIG5?B9:FCB85D5HA9B;5?=65H?5B ;5;5@ ;=B>5@ M5B; ?FCB=? )9BM9656 IH5A5 D9BM5?=H ;5;5@ ;=B>5@ ?FCB=? 585@5< 8=569H9G A9@=HIG M5=HI G969G5F  <=D9FH9BG=  .364,9<365/,790;0:  */9650* 7@,365,7/90;0:  85B M5B; H9F5?<=F H=85?8=?9H5
   *72/.;<*;25272; -5B85 85B ;9>5@5 D585 D5G=9B ;5;5@ ;=B>5@ ?FCB=? 85D5H 8=?@5G=:=?5G=?5BG9GI5=89B;5B89F5>5HBM59F=?IH585@5<H5B8585B;9>5@5 ;5;5@;=B>5@ ?FCB=?@57?!5K?G8=?IH=D85@5A'IF7<5M5H=   9F5>5H" )5G=9B 89B;5B H9?5B5B 85F5< BCFA5@ H5BD5 56BCFA5@=H5G <5G=@ H9G @56CF5HCF=IA85BH5BD5A5B=:9GH5G=?@=B=G



 9F5>5H"" .AIABM5 5G=ADHCA5H=? 69F?9A65B; A9B>58= <=D9FH9BG= 85B AIB7I@BM5B=@5= @56CF5HCF=IAM5B;56BCFA5@

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



69F?5=H5B89B;5BB9:FCB P B9:FCBM5B;585IBHI?A9B=B;?5H?5BF956GCF6G= DFCH9=B ,9=F=B; 89B;5B DFC;9G=: D9BIMIGIH5B 85F= B9:FCB 5?5B H9F>58= D9A69BHI?5B>5F=B;5BD5FIH85BD9BIFIB5B5@=F5B85F5<?9;=B>5@CFK=B

 )FCG9G ?9;5;5@5B ;=B>5@ G9@5B>IHBM5 A5GI? ?9H5<5D =BGI:=G=9BG= ;=B>5@ ,=G5 5?<=F A9H56C@=GA9 AI@5= H9F5?IAI@5G= 85@5A 85F5< G9656 B9:FCBG9<5HM5B;H9FG=G5H=85?7I?IDIBHI?A9B;?CAD9BG5G=B9:FCBM5B; H=85? 69F:IB;G= M5B; 5?5B A9B;5?=65H?5B H9FH=A6IBBM5 DFC8I? G=G5 A9H56C@=GA98=85@5A85F5<M5B;H=85?85D5H8=?9@I5F?5BC@9<;=B>5@5?5B A9B;;5B;I ?9F>5 85F= G=GH9A HI6I< @5=BBM5 $9F>5 G=GH9A HI6I< M5B; H9F;5B;;I A9@=DIH= G=GH9A ;5GHFC=BH9GH=B5@ =BH9;IA9B <9A5HC@C;= GM5F5: 85BCHCH?5F8=CJ5G?I@9FG9FH59B8C?F=B)5G=9B;5;5@;=B>5@?FCB=?G9F=B; A9BIB>I??5B A5B=:9GH5G= ?@=B=G 69F65;5= ?95855B D5HC@C;=G 8=G:IB;G= CF;5B 65=? M5B; 8=G9656?5B C@9< D9BM5?=H DF=A9F 8=569H9G A9@=HIG 85B 9:9?D5HC@C;=G=BHF=BG=?IF9A=55H5I?98I5BM5&=@B9F

 .F9A=5 A9B;57I D585 65BM5? 9:9? M5B; 8=<5G=@?5B 85F= ?9H=85?A5ADI5BIBHI?A9B;9?G?F9G=?5BDFC8I?85F=A9H56C@=GA9DFCH9=B 85B 5G5A 5A=BC 969F5D5 DFC8I? A9H56C@=GA9 H9FH9BHI A9BM9656?5B 8=G:IB;G= CF;5B &=@B9F

 :9? AI@H=CF;5B IF9A=5 >I;5 8=G9656?5B C@9< ;5B;;I5B 85F= 69F65;5= A9H56C@=GA9 85B :IB;G= 9B8C?F=B M5B; 6=5G5BM58=@5?I?5BC@9<;=B>5@&=@B9F

 5F=IFIH5B?9>58=5B8=5H5G5?5BA9B=A6I@?5B69F65;5=A5B=:9GH5G= ?@=B=G 85B ?CAD@=?5G= D585 G9@IFI< G=GH9A HI6I< ,9A5?=B 65BM5?



H9FH=A6IBG=G55?<=FA9H56C@=GA9A5?5;9>5@55?5BG9A5?=B69F5H$@=9B 5?5B A9F5G5 ?9GI@=H5B 85@5A A9B>5@5B= 5?H=J=H5G G9<5F= P <5F= 5?=65H H=A6I@BM5 69F65;5= A575A A5B=:9GH5G= ?@=B=G H9FG96IH 969F5D5 ?CAD@=?5G= M5B; 8=H=A6I@?5B 5?5B 69FD9B;5FI< 6IFI? H9F<585D ?I5@=H5G <=8IDCFK=B

   5*;2/24*;2 $@5G=:=?5G=;5;5@;=B>5@?FCB=?85D5H8=6985?5BG9D9FH=8=65K5<=B=

%*+.5  5*;2/24*;20*0*50273*54:87246.7=:=<-.:*3*<9.7@*42< 9F5>5H

9G?F=DG=

"

$9FIG5?5B ;=B>5@ 89B;5B + BCFA5@ $9FIG5?5B ;=B>5@ 89B;5BD9BIFIB5B +F=B;5B )9BIFIB5B + H=B;?5HG985B; )9BIFIB5 + H=B;?5H69F5H 5;5@;=B>5@

""

""" "/ /

'5A5@5=B

F=G=?C

+ A@ A9B=H  A  

/9650* 9,5(3 05:<-0:0,5:0

  

/6950* 9,5(3 -(03<9, + +

 

5+:;(., 9,5(3 +0:,(:, ,+

    

,IA69F%9J9M9H5@    !.7*<*5*4;*7**7 )9B5H5@5?G5B55B ;5;5@ ;=B>5@ ?FCB=? :;(., $ 585@5< IBHI? A9AD9FH5<5B?5B:IB;G=;=B>5@85B




&9B;<5A65H D9F6IFI?5B :IB;G= ;=B>5@  A9B;IF5B;= <=D9F:=@HF5G= ;@CA9FI@IG89B;5B8=9HG9D9FH=D9A65H5G5B5GID5BDFCH9=B85B:CG:5H



-9F5D= :5FA5?C@C;=G 85B D9B79;5<5B G9FH5 D9B;C65H5B H9F<585D ?CAD@=?5G=

69FHI>I5B A9B;IF5B;= <=D9FH9BG= =BHF5;@CA9FI@IG

85B A9AD9F?97=@ F9G=?C H9F<585D D9BM5?=H ?5F8=CJ5G7I@5F G9D9FH= 8=569H9G <=D9FH9BG= 8=G@=D=89A=5 5B9A=5 5G=8CG=G B9IFCD5H= D9F=:9F ?9@96=<5B75=F5B85B?9G9=A65B;5B9@9?HFC@=H)F=790=@GCB

 -9F5D= D9B;;5BH= ;=B>5@ 8=@5?I?5B D585 G9G9CF5B; M5B; A9B;=85D D9BM5?=H ;5;5@ ;=B>5@ ?FCB=? 5H5I ;=B>5@ H5<5D 5?<=F M5B; 69FHI>I5B IBHI? A9B;<=B85F= ?CAD@=?5G= 85B A9AD9FD5B>5B; IAIF D5G=9B -9F5D= D9B;;5BH= ;=B>5@ 8=65;= A9B>58= 8I5 5BH5F5 @5=B 8=5@MG=G <9AC8=5@=G=G 85B D9F=HCB95@ 8=5@=G=G 85B HF5BGD@5BH5G= ;=B>5@ ,<5<;
  !.6.:24;**7!.7=73*70 )585;5;5@;=B>5@?FCB=?85D5H8=@5?I?5BD9A9F=?G55BG5@5<G5HIBM5 89B;5B I@HF5GCBC;F5:= ;5;5@ ;=B>5@ .@HF5GCBC;F5:= G55H =B= 8=;IB5?5B G965;5=D9A9F=?G55BFIH=B85BA9FID5?5BD=@=<5BD9FH5A5D585D9B89F=H5 ;5;5@ ;=B>5@ ?FCB=? )585 ;5;5@ ;=B>5@ H5<5D 5K5@ I?IF5B ;=B>5@ A5G=< H9F6=@5B; BCFA5@ G985B;?5B D585 ;5;5@ ;=B>5@ ?FCB=? I?IF5B ;=B>5@ D585 IAIBM5 A9B;97=@ 89B;5B D9B=D=G5B D5F9B?=A D9B=B;;=5B 9?C;9B=H5G D5F9B?=A 85B 65H5G ?5FH=?CA98I@5F M5B; GI85< H=85? >9@5G A9B;97=@ .@HF5GCBC;F5:= >I;5 85D5H 8=;IB5?5B IBHI? A9B=@5= I?IF5B G9FH5 585 H=85BM5C6GHFI?G=;=B>5@B8=?5





   $$   !.70.:<2*7 !9AC8=5@=G=G 585@5< 8=5@=G=G M5B; 8=@5?I?5B 8=@I5F HI6I< 85F5< 8=?9@I5F?5B85F=HI6I< A9@5@I=G96I5<?5H9H9F 5FH9F=?9AI8=5BA5GI??9 85@5A G96I5< A9G=B 69G5F 8= 85@5A A9G=B H9FG96IH H9F85D5H 8I5 FI5B; M5B;8=D=G558= 8=:IG= 5F5< 8=?9A65@=?5B ?9 HI6I< A9@5@I=G96I5<D=F5IJ9B5!9AC8=5@=G=GA9A9F@I?5BK5?HIG9@5A5 P  >5A 85B 8=@5?I?5B G9?=H5F L 85@5A G9A=B;;I )585 5?<=F =BH9FJ5@ P <5F=8=5BH5F5H9F5D=?9G9=A65B;5B ;5F5A5=F85BD5B;?5H<=8FC;9B)! GI85<H=85?BCFA5@@5;=85BD9B89F=H56=5G5BM5A9F5G5H=85?G9<5HCFK=B

 )F=79  0=@GCB 

 <9AC8=5@=G=G 585@5< DFCG9G 8=A5B5 H9F>58= 8=:IG= D5FH=?9@ H9F@5FIH GC@IH 85B 5=F G975F5 D5G=: A9@5@I= G5HI ?CAD5FH9A9B 75=F M5=HI 85F5< 85B A9BI>I ?CAD5FH9A9B @5=BBM5 M5=HI 75=F5B8M5@=G5HA9@5@I=A9A6F5BG9A=D9FA9569@85@5A8=5@=G9F    %=3=*7 -I>I5B 8=@5?G5B5?5BBM5 H9F5D= <9AC8=5@=G=G 585@5< IBHI? A9B;<=@5B;?5B ;9>5@5 M5=HI A9B;9B85@=?5B IF9A=5 ?9@96=<5B 75=F5B 85B ?9H=85?G9=A65B;5B 9@9?HFC@=H M5B; H9F>58= D585 D5G=9B D9BM5?=H ;=B>5@ H5<5D 5?<=F ,9@5=B =HI A9AIB;?=B?5B ?9<=8ID5B IBHI? 8=>5@5B= 85B



A9A69F=?5B ?9<=8ID5B M5B; @5M5? IBHI? 8=>5@5B= H=85? <5BM5 A9B>5;5 D5G=9B5;5FH9H5D<=8ID89B;5B8=5@=G=G-5@@=G

    7-24*;2.68-2*52;2; !9AC8=5@=G=G 8==B8=?5G=?5B D585 D5G=9B 85@5A ?95855B 5?IH M5B; A9A9F@I?5BH9F5D=8=5@=G=G>5B;?5D9B89?6969F5D5<5F=<=B;;56969F5D5 A=B;;I 5H5I D5G=9B 89B;5B ;5;5@ ;=B>5@ H5<5D 5?<=F M5B; A9A9F@I?5B H9F5D= >5B;?5 D5B>5B;  D9FA5B9B ,A9@HN9F 9H 5@

 ,975F5 IAIA =B8=?5G=8=@5?I?5B<9AC8=5@=G=GD585D9B89F=H5;5;5@;=B>5@585@5< 

%5>I:=@HF5G=;@CA9FI@IG?IF5B;85F= A@ A9B=H



!=D9F?5@9A=5



$9;5;5@5BH9F5D=?CBG9FJ5H=:



$585FIF9IA@96=<85F=

A; 8@



$F95H=B=B@96=<85F=AE %



$9@96=<5B75=F5B



BIF=569F?9D5B>5B;5B@96=<85F=?5@=

   -.4=*;2.68-2*52;2; 89?I5G= 5H5I ?97I?ID5B 8CG=G <9AC8=5@=G=G 8=75D5= G9H9@5< DFCG9G <9AC8=5@=G=G G9@9G5= G9@5A5 ?IF5B; @96=<  >5A 89?I5G= <9AC8=5@=G=G H9F75D5= 5656=@5 D5G=9B A9F5G5 BM5A5B 85B ?95855B A9B>58= @96=< 65=? 85B 85D5H A9B>5@5B= <=8ID M5B; @96=< D5B>5B; A9G?=DIB <5FIG 89B;5B D9BM5?=H;5;5@;=B>5@?FCB=?



   !.:*7!.:*?*<.68-2*52;2; )9F5B 585@5< G9D9F5B;?5H H=B;?5< @5?I M5B; 8=<5F5D?5B C@9< CF5B; @5=B H9F<585D G9G9CF5B; G9GI5= ?98I8I?5BBM5 85@5A G96I5< G=GH9A 85B 8=D9B;5FI<=C@9<?95855BGCG=5@65=?85F=85@5AA5IDIB85F=@I5FDFC:9G= ?9D9F5K5H5B85B69FG=:5H?CBGH5B5F=85  )9F5K5H69FD9F5B85@5A A9B=B;?5H?5B?9G9<5H5B85BD9B79;5<5BD9BM5?=HG9FH5A9A5B85B;?@=9B G975F5 ?CADF9<9BG=: )9F5B D9F5K5H 585@5< G965;5= D9A69F= D9F5K5H5B A9A6I5H ?9DIHIG5B ?@=B=? D9@=B8IB; 85B 58JC758 A5B5>9F ?5GIG F9<56=@=H5HCF?CAIB=?5HCF85BD9B8=8=?)CHH9F)9FFM

)9BM98=5 D9@5M5B5BM5B;?CADF9<9BG=:IBHI?D5G=9BM5B;A9A6IHI58= ID5M5 AI@H=8=G=D@=B ?CAD@9?M5B;A9@=65H?5BD9F5K5H+5>9GK5F=,=J5A5B=  $5@@9B657< 8=?IH=D 85@5A 9K=  A9BM5H5?5B 655@ H5<5D 5?<=F 85B A5B:55H H9F5D= <9AC8=5@=G=G )9F5K5H A9A69F=?5B 8I?IB;5B ?9D585 D5G=9B 85@5A A9B;5A6=@ ?9DIHIG5B IBHI? A9B;=?IH= H9F5D= <9AC8=5@=G=G 89B;5B



A9A:5G=@=H5G=D5G=9BIBHI?69FH9AI85B69F8=G?IG=89B;5BD5G=9BM5B; H9@5< A9B;=?IH= H9F5D= <9AC8=5@=G=G G9@5B>IHBM5 D9F5K5H A9A69F=?5B D9B>9@5G5B H9BH5B; 75F5 D9A5G5B;5B 5?G9G J5G7I@5F G9A9BH5F5 85B D9FA5B9B ?C@56CF5G= 89B;5B 8C?H9F D9F5K5H5B 5?G9G 85B D9B5B;5B5B?CAD@=?5G=5?G9GJ5G7I@5F  "BHF5!9AC8=5@=G=G )9F5BD9F5K5HD585H5<5D=B=M5B;H9FD9BH=B;585@5<D9B5B;5B5B ?CAD@=?5G= 5?IH M5B; G9F=B; H9F>58= A=G5@BM5 <=DCH9BG= <=D9FH9BG= AI5@ AIBH5< G5?=H ?9D5@5 ?9>5B; ?F5A 89A5A 8=G9FH5= A9B;;=;=@ BM9F= 858585B;5H5@ P ;5H5@)9F5K5HA9@5?I?5B?C@56CF5G=89B;5BH=A 8C?H9F )9B5B;5B5B ?CAD@=?5G= =BHF5 <9AC8=5@=G=G 5BH5F5 @5=B D9B;5HIF5B <0*2366+D9A69F=5BC?G=;9BD9A69F=5BA98=?5G=85B D9A5BH5I5B75=F5B8=5@=G5H

 )CGH!9AC8=5@=G=G -5<5D =B= D9F5K5H A9@5?I?5B D9A9F=?G55B :=G=? 85B D9A9F=?G55B D9BIB>5B; G9D9FH= D9A9F=?G55B 85F5< @9B;?5D IF9IA ?F95H=B=B 85B 9@9?HFC@=H 85F5< )9F5K5H 85D5H A9A69F=?5B 98I?5G= H9BH5B; 8=9H =BH5?9 75=F5B 85B D9B75D5=5B 69F5H 6585B M5B; =895@ G9@5A5 D5G=9B 8=FIA5< G969@IA A9B>5@5B= H9F5D= <9AC8=5@=G=G G9@5B>IHBM5 ,9H9@5< G9@9G5= <9AC8=5@=G=G D5GH=?5B 5?G9G H=85? H9F>58= D9F85F5<5B G969@IA A9A6=5F?5B D5G=9B DI@5B; 85B A9@5?I?5B 5?H=:=H5G ?9A65@= +5>9GK5F=,=J5A5B= 



)9F5K5H 85D5H A9B;<56=G?5B K5?HI 89B;5B D5G=9B G9<=B;;5 89B;5B<5@=HID5G=9B5?5B85D5HA9B=B;?5H?5B?I5@=H5G<=8IDBM5!5@ =B= H=85? <5BM5 7I?ID IBHI? A9AD9FD5B>5B; IAIF D5G=9B H9H5D= >I;5 D9BH=B; IBHI? A9F9<56=@=H5G= D5G=9B G965=? AIB;?=B )9BH=B; 65=A9B D9B;C65H5B M5B; 85D5H A9AD9B;5FI<= ?I5@=H5G <=8ID D5G=9B 85B A9B;9A65B;?5B GHF5H9;= IBHI?A9B;IF5B;=?I5@=H5G<=8IDM5B;B9;5H=:-5@@=G

 !958@9M  05@@ 8=?IH=D 85@5A 5F=85  DF5?H9? ?9D9F5K5H5B <9AC8=5@=G=G A9FID5?5B DF5?H=? ?9D9F5K5H5B @5B>IH5B M5B;8=@5?I?5BC@9<D9F5K5H8=5@=G=GM5B;H9F8=F=85F=D9F5K5HDF5?H=G= 85B D9F5K5H GD9G=5@=G ?@=B=? 85B A9A=@=?= G9FH=:=?5H D9@5H=<5B 8=5@=G=G )F5?H=? ?9D9F5K5H5B 8= "B8CB9G=5 IB=H <9AC8=5@=G=G IAIABM5 8=69F=?5B C@9< D9F5K5H 89B;5B H=B;?5H D9B8=8=?5B 8=D@CA5 65=? M5B; GI85< A9B;=?IH= A5IDIB M5B; 69@IA A9B;=?IH= D9@5H=<5B 8=5@=G=G )9F5B D9F5K5H 585@5< A9B5B;5B= DFCG98IF 8=5@=G=G G9@IFI5@5B=H9F5D=<9AC8=5@=G=G9B;5B89A=?=5BD9F5K5H<5FIG A9A=@=?= D9;9H55@ A9?5B=? 85B 5GD9? 8=5@=G9F 85F= <5G=@ M5B; 8=<5F5D?5B 85B ?CAD@=?5G= <9AC8=5@=G=G ?5 8= IB=H <9AC8=5@=G=G 85D5H A9B=?A5H= 65BM5? ?9DI5G5B 85@5A A9A65BHI D5G=9B



<9AC8=5@=G=GA9AD9FH5<5B?5B?9<=8ID5BBM5M5B;DFC8I?H=:85B85D5H <=8ID85@5A>5B;?5D5B>5B;89B;5B;5;5@;=B>5@?FCB=?D9F5K5H85D5H A9FI65<?9<=8ID5BD5G=9B+5>9GK5F=,=J5A5B=  )9F5K5H A9ADIBM5= H5B;;IB; >5K56 IBHI? G9AI5 69BHI? H9F5D= <9AC8=5@=G=G GI<5B ?9D9F5K5H5B 69F:C?IG D585 D9B=@5=5B 85B D9A5BH5I5B D5G=9B G9@5A5 DFCG9G 8=5@=G=G +5>9GK5F=  ,=J5A5B=  9F5D5 DF=CF=H5G ?9D9F5K5H5B 85@5A ?5=H5BBM5 89B;5B 5GI<5B ?9D9F5K5H5B D585 D5G=9B <9AC8=5@=G=G M5=HI DFCACG= 5;5 ?9BM5A5B5B A9B79;5< ?CAD@=?5G= 8I?IB;5B  D9F5K5H5B 8=F= D5G=9B 85B A9A69F=?5B =B:CFA5G= H9BH5B; DFCG9G D9BM5?=H DFC;BCG=G85BD9B;C65H5B+5>9GK5F=,=J5A5B= 

 &%$&!   !.70.:<2*7 'IF7<5M5H=   A9BM96IH?5B 65I5B <5F5D5B GH5B85F 85B ?9=B;=B5B !5@ =B= A9FID5?5B GI5HI ?CBG9D M5B; 8=D58I?5B 89B;5B 69F65;5= 75F5 G9G9CF5B; IBHI? A9B85D5H ?9G9<5H5B



:=G=? ?95855B DG=?C@C;=G H=B;?5H =B89D9B89B 58=GI5HID9FA5G5@5<5B69@IA585GI5HID9B;9FH=5BH9D5HM5B; 85D5H 8=;IB5?5B G965;5= 57I<5B IBHI? A9B;I?IF ?I5@=H5G <=8ID G9G9CF5B; $I5@=H5G <=8ID A9FID5?5B GI5HI =89 M5B; 56GHF5? M5B; H=85? H9F?5=H C@9< H9AD5H 85B K5?HI 69FG=:5H G=HI5G=CB5@ 85B A9@=DIH= 69F65;5= ?CBG9D M5B; G5@=B; HIAD5B; H=B8=< $I5@=H5G <=8ID A9FID5?5B GI5HI AC89@?CBG9DHI5@M5B;69FHI>I5BIBHI?A9B;;5A65F?5BD9FGD9?H=:?@=9B 89B;5B 69F65;5= A575A =GH=@5< 9B;5B 89A=?=5B ?I5@=H5G <=8ID 5?5B 69F698565;=CF5B;G5?=H85BCF5B;G9<5H $=B;


9.(50A(;065<(30;@6-0-,  9,-AI@5=69F?9A65B;G9>5?H5
M5=HI 

=A9BG=?9G9<5H5B :=G=?M5B;H9F8=F=85F=F5G5BM9F=9B9F;==GH=F5<5H H=8IFAC6=@=H5G5?H=J=H5GD9B;C65H5B85BD9?9F>55B



=A9BG=DG=?C@C;=GM5B;H9F8=F=85F=D9F5G55B DCG=H=:85BB9;5H=:75F5 69F:=?=F<5F;58=F= )6+@04(., GD=F=HI5@



=A9BG=


=A9BG= @=B;?IB;5B A9@=DIH= GIA69F ?9I5B;5B =B:CFA5G= 85B ?9HF5AD=@5B F9?F95G= 85B 69FG5BH5= @=B;?IB;5B FIA5< 5?G9G ?9 D9F5K5H5B ?9G9<5H5B 85B GCG=5@ ?95A5B5B :=G=? @=B;?IB;5B :=G=? HF5BGDCFH5G=



$4.6* $4*5*9.70=4=:*74=*52<*;12-=96.7=:=< ( "8:./ +5G5BM9F=9B9F;= =GH=F5<5HH=8IF AC6=@=H5G5?H=J=H5G D9B;C65H5B85B D9?9F>55B )9F5G55BDCG=H=: D9F5G55BB9;5H=:75F5 69F:=?=F<5F;58=F= GD=F=HI5@85B )6+@ 04(., !I6IB;5B=B8=J=8I 85B GCG=5@8I?IB;5BGCG=5@ 5?H=J=H5GG9?GI5@ ,IA69F?9I5B;5B =B:CFA5G=85B ?9HF5AD=@5BF9?9F5G= 85B69FG5BH5= @=B;?IB;5BFIA5< 5?G9G?9D9F5K5H5B ?9G9<5H5B85BGCG=5@ ?95A5B5B:=G=? @=B;?IB;5B:=G=? HF5BGDCFH5G=

=G=?

)G=?C@C;=

!I6IB;5B GCG=5@

$I5@=H5G !=8ID

%=B;?IB;5B

   *69*41.68-2*52;2;<.:1*-*94=*52<*;12-=9 5AD5?<9AC8=5@=G=G5?5B69F5?=65HH9F<585DF9GDCBD5G=9B!5@=B= 8=D9B;5FI<= C@9< 6969F5D5 :5?HCF 8=5BH5F5BM5 ?5F5?H9F=GH=? =B8=J=8I D9B;5@5A5B G969@IABM5 85B A9?5B=GA9 ?CD=B; &5G=B; P A5G=B; 8=A9BG=A9ADIBM5=D9B;5FI<H9FG9B8=F=H9F<585D?I5@=H5G<=8ID  =A9BG=:=G=? =A9BG= :=G=? A9ADIBM5= 6969F5D5 85AD5? H9F<585D ?I5@=H5G <=8IDD9B89F=H5;5;5@;=B>5@?FCB=?=A9BG=:=G=?A9FI>I?D585;9>5@5



P ;9>5@5 M5B; H9F?5=H D9BM5?=H 85B D9B;C65H5B M5B; 8=>5@5B= )585 D9B89F=H5 ;5;5@ ;=B>5@ ?FCB=? 5?5B A9B;5@5A= D9FI65<5B :=G=? $9@9A5<5B A9FID5?5B <5@ IH5A5 M5B; 8=F5G5?5B C@9< D5G=9B ;5;5@ ;=B>5@?FCB=? $9@9A5<5B69F5@5 ;5B;;I5B A5G5@5< H=8IF GH5HIG ?9G9<5H5B :=G=? M5B; A9BIFIB 85B 89DF9G= M5B; 85D5H A9AD9B;5FI<= ?I5@=H5G <=8IDBM55F=85  -5@@=G 

 A9BM5H5?5B 655@ ?FCB=? H=85? H9F65H5G D585 G=GH9A ;=B>5@ G=GH9A HI6I<@5=B>I;585D5H8=D9B;5FI<=85B85D5HA9B;5?=65H?5BD9BIFIB5B GH5HIG ?9G9<5H5B 85B ?I5@=H5G <=8ID 5F=85   A9B;9B5= ?I5@=H5G <=8IDD9B89F=H5;5;5@;=B>5@?FCB=?85@5A?CBH9?G5GI<5B?9D9F5K5H5B 8=85D5H?5B <5G=@ 655@ 85B <5FIG A9B>5@5B= <9AC8=5@=G=G ,9@IFI< 5?H=J=H5GBM5 H9F65H5G 8=?5F9B5?5B ?9@9A5<5B F9GDCB :=G=? 8=F5G5?5B A9BIFIB A9F5G5 AI85< 75D9? 85B ?9H9F65H5G5B 85@5A 5GID5B 75=F5B 85B BIHF=G= G9FH5 A9F5G5?5B ?IF5B; H=8IF !5@ =B= A9AD9B;5FI<= G9AI5 ?9G9<5H5B :=G=? D9B89F=H5 ;5;5@ ;=B>5@ ?FCB=? G9<=B;;5 H=85? 85D5H A9@5?I?5B ?9;=5H5B G9D9FH= G55H G969@IA A9B>5@5B= <9AC8=5@=G=G 85DH5G= M5B; 8=@5?I?5B D9B89F=H5 85@5A A9B;5H5G= ?9G9<5H5B :=G=? M5B; A9BIFIB 69FID5 A9A65H5G= 5?H=J=H5G



:=G=? G9D9FH= H=85? A9@5?I?5B D9?9F>55B M5B; 69F5H A9A65H5G= D9A5GI?5B 75=F5B 85B BIHF=G= G9GI5= M5B; 8=5B>IF?5B 69F85G5F?5B ?9G9<5H5BBM5  =A9BG= DG=?C@C;= -5@@=G 

 F9GDCB DG=?C@C;=G D585 D5G=9B ;5;5@ ;=B>5@ ?FCB=? 85D5H69FJ5F=5G=85BG9F=B;69F=A9B D9B;C65H5B 85B A9B;IF5B;=?CAIB=?5G=M5B;9:9?H=:5BH5F5D5G=9B85BH=A?9G9<5H5B )9B89F=H5 ;5;5@ ;=B>5@ ?FCB=? 5?5B A9B;5@5A= D9FI65<5B 85@5A <5@ GD=F=HI5@ )5G=9B @96=< A9B89?5H?5B 8=F= ?9D585 -I<5B 8=65B8=B;?5B G969@IA H9F?9B5 ;5;5@ ;=B>5@ 85B A9@5?I?5B <9AC8=5@=G=G &9B89?5H?5B 8=F= ?9D585 -I<5B 8=@5?I?5B 89B;5B A9B>5@5B?5B5HIF5B5;5A585BH=85?69F6I5H<5@M5B;8=@5F5B;5;5A5 %96=< A9A=?=F?5B ?9<=8ID5B IBHI? 69?5@ 8=5?<9F5H $I5@=H5G <=8ID G975F5 GD=F=HI5@ 8=F5G5?5B @96=< A9B=B;?5H 89B;5B 75F5 A9B89?5H?5B 8=F=?9D585-I<5B85B69F6I5H65=?5F=85 



"BH=85F=GD=F=HI5@ 585@5<?I5@=H5G85F=GI5HIDFCG9GA9B>58=@96=< F9@=;=IG 69FIG5<5 A9B85D5H?5B =BGD=F5G= D9B;I5BM5B;8=@5?I?5BC@9<=B8=J=8IM5B; D9F75M5 85B H=85? D9F75M5 ?9D585 -I<5B %96=< A9A=?=F?5B ?9<=8ID5B IBHI? 69?5@ 8=5?<9F5H ,9@5=B 85AD5? GD=F=HI5@ D9B89F=H5 5?5B A9F5G5 AI85< DIHIG 5G5 A5@I A9F5G5 69FG5@5< <5@ =B= 85D5H A9BM9656?5B 89DF9G= +5G5 ?9<=@5B;5B D9?9F>55B D9F5B 85@5A ?9@I5F;585B?9<=@5B;5BH9A5BG9FH5H=B;?5HD9B8=8=?5B M5B;F9B85< A9FID5?5B F9G=?C IH5A5 H9F>58=BM5 89DF9G= 9DF9G= A9FID5?5B <5@ M5B; 69FD9B;5FI< H9F<585D ?I5@=H5G <=8ID D5G=9B 85DH5G= DG=?C@C;= M5B; 8=@5?I?5B 585@5< A9B>58= @96=< G565F A9B9F=A5 ?95855B 85B =?<@5G5F=85 

 =A9BG=5@ ?FCB=? :9? G5AD=B; >=?5 A9B;5@5A= ;5B;;I5B BIHF=G=

585@5<

<=D9F?5@9A=5

<=D9F:CG:5H9A=5

DFCH9=B

M5B;

69F5F5B;IBHI?D5G=9B89B;5B,+IBHI?A9B;IF5B;=?9H9F@=65H5B GCG=5@ A9F9?5 ?5F9B5 D9A65H5G5B A5?5B5B 85B A=BIA5B M5B; ?9H5H &5G5@5< GCG=5@ @5=BBM5 85D5H 8=D9B;5FI<= C@9< D9BM5?=H ?FCB=G 85B H9FA5GI? GH5HIG ?9F>5 D5G=9B


)9FI65<5B 5GD9? GCG=5@ 85D5H 8=G9656?5B C@9< D9FI65<5B :=G=? 85B 5H5I DG=?C@C;=G 85B 6=G5 585 G=?@IG B9;5H=: M5B; >=?5 8=D9@=<5F5 A5?5 D9BM9656BM5>I;585D5HA9B>58=9:9?-5@@=G

 )5G=9B <9AC8=5@=G=G >I;5 A9B;5@5A= ;5B;;I5B GCG=5@ 69FID5 8=G:IB;G= G9?GI5@ IG:IB;G= G9?GI5@ H9F>58= D585 ?@=9B ;5;5@ ;=B>5@ ?FCB=? H5<5D 5?<=F  89B;5B <9AC8=5@=G=G )585 D5G=9B ;5;5@ ;=B>5@ ?FCB=? IAIABM5 A9B85D5H?5B H9F5D= 5BH=89DF9G5B 8=A5B5 C65H =B= 85D5H69F9:9?A9BIFIB?5B@=6=8C85BA9BIB85CF;5GA9D585K5B=H5 A9BIFIB?5B 9F9?G= 85B 9>5?I@5G= D585 @5?= P @5?= ,9@5=B :5?HCF 89DF9G5B <5@ @5=B M5B; 69F?CBHF=6IG= D585 8=G:IB;G= G9?GI5@ 585@5< )6+@04(., 89:=G=9BG=N=B785B;5B;;I5B
  =A9BG=@=B;?IB;5B )9B9@=H=5B M5B; 8=@5?I?5B C@9< <5B; 8=?IH=D 85@5A 5F=85  A9B;9B5= :5?HCF P :5?HCF M5B; A9AD9B;5FI<= ?9A5ADI5B 85@5A A9@5?I?5B ?CD=B; D585 D5G=9B M5B; A9B>5@5B= <9AC8=5@=G=G !5G=@ D9B9@=H=5B A9B;5H5?5B D9BM9656 GHF9G IH5A5 585@5< M5B; 69F5@ ?FCB=? M5B; A9B;5@5A= <9AC8=5@=G=G :5?HCF M5B; 8=B=@5= 585@5<5?G9GJ5G?I@5F +@(30:0:(+,8<(*@ 5B9A=5BIHF=G=<=D9FH9BG=G9FH5



D9BM5?=HHI@5B;?CBHFC@D
 A9BM5H5?5B 89F5>5H 5B9A=5 M5B; H9F>58= D585 D5G=9B 89B;5B ;5;5@ ;=B>5@ ?FCB=? G5B;5H 69FJ5F=5G= A5MCF=H5G H9F>58= D585 D5G=9B 89B;5B B=HFC;9B IF95 85@5A 85F5< .' A; 8@!9A5HC?F=HHIFIB5BH5F5 P G985B;?5BD585 D9A9F=?G55B 5DIG5B 85F5< H9D= G9@ 85F5< A9F5< H5AD5? BCFA5@ B9A=5 H9FG96IH H9F>58= ?5F9B5 D9BIFIB5B ?9H5<5B5B <=8ID G9@ 85F5< A9F5<A5IDIB89:=G=9BG=9F=HFCDC9H=B 5AD5?5B9A=5H9F<585D?I5@=H5G<=8ID585@5<G965;5=69F=?IH 5

5AD5?5B9A=5H9F<585D:IB;G=:=G=? )585 D5G=9B 8=5@=G=G 89B;5B 5B9A=5 A9A=@=?= B=@5= JC@IA9 ( A5L=A5@   8=65B8=B;?5B 89B;5B CF5B; G9<5H 5H5IDIB M5B; G9GI5= %9J9@ C?G=;9B M5B; F9B85< 5?5B A9BM9656?5B D5G=9B ?9IGI@=H5B IBHI? A9@5?I?5B 5?H=J=H5G <5F=5B 5H5I 69?9F>5 G9GI5= 89B;5B?95855BBCFA5@ F9;CFM



6

5AD5?5B9A=5H9F<585D:IB;G=?C;B=H=: )585D5G=9B89B;5B8=5@=G=GA9B;5@5A=D9BIFIB5B:IB;G=?C;B=H=: M5B; 8=A5B=:9GH5G=?5B 89B;5B ?96=B;IB;5B ;5B;;I5B A9ACF= H=85? A5ADI 69F?CBG9BHF5G= 85B D9BIFIB5B ?9G585F5B A9BH5@  F9;CFM



7

5AD5?5B9A=5H9F<585D:IB;G=DG=?C@C;=G85BGCG=5@



)9F7C655B?@=B=GH9@5<A9B9AI?5B 585BM59:9? 5B9A=5H9F<585D ?9G9<5H5BDG=?C@C;=G85BGCG=5@D585D5G=9B<9AC8=5@=G=G89B;5B A9B=B;?5H?5B @9J9@ <9AC;@C6=B 85D5H A9B=B;?5H?5B ?9G9<5H5B DG=?C@C;=G 85B GCG=5@ D585 D5G=9B <9AC8=5@=G=G M5B; A9B;5@5A= 5B9A=5 F9;CFM

  89?I5G=<9AC8=5@=G=G '$$(*= 

 589?I5G= <9AC8=5@=G=G 585@5< ?97I?ID5B 8CG=G <9AC8=5@=G=G M5B; 8=F9?CA9B85G=?5B IBHI? A9B85D5H?5B <5G=@ M5B; 589?I5H D585 D5G=9B ;5;5@ ;=B>5@ M5B; A9B>5@5B= <9AC8=5@=G=G 'IF7<5M5H=   G975F5 ?@=B=G <9AC8=5@=G=G 8=?5H5?5B 589?I5H 6=@5 ?95855B IAIA D5G=9B 85@5A ?95855B 65=? A9F5G5 @96=< BM5A5B H=85? 585 A5B=:9GH5G= IF9A=5 85B IG=5 <=8ID D5G=9B @96=< D5B>5B; ?5B H9H5D= ?9H9F;5BHIB;5B D5G=9B D585 A9G=B 8=5@=G=G G9IAIF <=8IDBM5 A9B;5?=65H?5B H9F>58=BM5 D9FI65<5B D585 D9FI65<5B IBHI? A9B>5@5B= :IB;G= ?9<=8ID5B G9<5F= P <5F= M5B; 85D5H A9AD9B;5FI<= ?I5@=H5G<=8IDBM5

 !=D9FH9BG= !=D9FH9BG= D585 D9BM5?=H ;=B>5@ 85D5H H9F>58= 5?=65H ?9@5=B5B ;@CA9FI@IGA5IDIB?9@5=B5BJ5G7I@5F8=;=B>5@'IF7<5M5H= ,CB= 9H 5@   D9B9@=H=5B M5B; 8=@5?I?5B H9F<585D D9B8I8I? :F=?5 G9@5A5  H5IA@5< F9GDCB89B G965BM5?  CF5B; M5B; A9A=@=?= ,(5 9;,90(3 9,::<:9, &) P  AA!; M5B; H9@5<A9B85D5HH9F5D=5BH=<=D9FH9BG=85BG9H9@5<8=@5?I?5BD9B;I?IF5B



?I5@=H5G <=8ID A9B;;IB5?5B ,  8=85D5H?5B <5G=@ 585BM5 9:9? B9;5H=:M5B;G=;B=:=?5B5BH5F5&)89B;5B?I5@=H5G<=8ID  ?G9GJ5G7I@5F 05GG9 9H 5@ 

 M5B; H9@5< A9@5?I?5B D9B9@=H=5B A9B;9B5= 5?G9GJ5G7I@5F<9AC8=5@=G=G8=85D5H?5B585BM55@5B=<9AC8=5@=G=G  'IHF=G= &5@BIHF=G= D585 D5G=9B ;5;5@ ;=B>5@ ?FCB=? G5B;5H 69F?5=H5B 85B G975F5 IAIA 89B;5B 69F65;5= H=D9 M5=HI 69F5H 6585B F9B85< ?9<=@5B;5B DFCH9=B HI6I< A5GG5 CHCH 69F?IF5B; H=B;?5H G9FIA 5@6IA=BF9B85<'IF7<5M5H=   $CBHFC@?5@G=IA85BD5@ ?FCB=? 585@5< ;5B;;I5B A9H56C@=GA9 ?5@G=IA 85B D=?5 G5@5< G5HI A9B=B;?5H A5?5 M5B; @5=BBM5 5?5B A9BIFIB 9B;5B A9BIFIBBM5 :=@HF5G= ;@CA9FI@IG 8= ;=B>5@ H9F>58= D9B=B;?5H5B ?585F D
 %   !%

84=;!.7.52<2*7

$4.6*  84=;!.7.52<2*7

)9F5BD9F5K5H <9AC8=5@=G=G

=G=?

$I5@=H5G!=8ID )9F5BD9F5K5H D9B89F=H5;5;5@ <9AC8=5@=G=G ;=B>5@?FCB=?

)G=?C@C;=

5?HCFM5B; A9AD9B;5FI<=  B9A=5  89?I5G= <9AC8=5@=G=G  !=D9FH9BG=  ?G9GJ5G7I@5F  'IHF=G=  $CBHFC@ D
!I6IB;5B GCG=5@

%=B;?IB;5B

.<.:*70*7

-=85?8=H9@=H= =H9@=H=





 .;*27!.7.52<2*7 )9B9@=H=5B =B= A9B;;IB5?5B A9HC89 D9B9@=H=5B ?I5@=H5H=: 89B;5B D9B89?5H5B:9BCA9BC@C;=G,5FMCBCB;;F59B= D9B9@=H=5B?I5@=H5H=: 9:9?H=:8=;IB5?5BIBHI?A9AD9FC@9< =B:CFA5G=M5B;GD9G=:=?A9B;9B5=B=@5= CD=B= D9F=@5?I 85B ?CBH9?G GCG=5@ A9BIFIH ?9H9F5B;5B DCDI@5G= ,985B;?5B D9B89?5H5B :9BCA9BC@C;=G A9FID5?5B D9B89?5H5B M5B; 69FIG5<5 IBHI? A9A5<5A= A5?B5 85F= 69F65;5= D9F=GH=K5 85B =BH9F5?G= A5BIG=5 8=85@5A G=HI5G=BM5 M5B; ?
 )9B9@=H=5B=B=A9B;;IB5?5BD9B89?5H5B?I5@=H5H=:IBHI?A9B;9?GD@CF5G= ?I5@=H5G <=8ID D5G=9B M5B; A9B>5@5B= <9AC8=5@=G=G 8= IB=H <9AC8=5@=G=G +IA5< ,5?=H .AIA 59F5< +,. 8F,C98=F5B &5B;IB ,IA5FGC $56ID5H9B0CBC;=F=G9GI5=89B;5BD9B;5@5A5BD5G=9B)9B89?5H5B=B=>I;5 A9A69F=?5B ?9G9AD5H5B ?9D585 D5FH=G=D5B IBHI? A9B;IB;?5D?5B <5@ P <5@ M5B;G9@5A5=B=H9F>58=85@5A<=8IDBM5G9H9@5<8=8=5;BCG5;5;5@;=B>5@?FCB=? 85B<5FIGA9B>5@5B=<9AC8=5@=G=G



 %.69*<-*7(*4<=!.7.52<2*7 -9AD5H85BK5?HID9B9@=H=5BG5B;5H69FD9B;5FI<H9F<585D<5G=@M5B; 8=D9FC@9< 85@5A D9B9@=H=5B )9A=@=<5B H9AD5H D9B9@=H=5B <5FIG 8=G9GI5=?5B 89B;5B HI>I5B M5B; =B;=B 8=75D5= 85@5A D9B9@=H=5B G9<=B;;5 H9AD5H 8=H9BHI?5B 69B5F P 69B5F A9B;;5A65F?5B ?CB8=G= =B:CFA5B M5B; G9GIB;;I
  %.69*<!.7.52<2*7 )9B9@=H=5B =B= H9@5< 8=@5?I?5B 8= .B=H !9AC8=5@=G=G +I5A< ,5?=H .AIA 59F5< +,. 8F ,C98=F5B &5B;IB ,IA5FGC $56ID5H9B 0CBC;=F= H9F<585D D5G=9B M5B; A9B>5@5B= <9AC8=5@=G=G 85B H9@5< A9A9BI<= ?F=H9F=5 D9B9@=H=5B M5B; H9@5< 8=H9H5D?5B C@9< D9B9@=H= @5G5B 8=@5?I?5B D9B9@=H=5B =B= 8=?5F9B5?5B 69@IA D9FB5< 8=@5?I?5B D9B9@=H=5B G9FID5 A9B;9B5= ?I5@=H5G <=8ID D5G=9B D9B89F=H5 ;5;5@ ;=B>5@ ?FCB=? 8= .B=H !9AC8=5@=G=G +IA5< ,5?=H .AIA 59F5< +,. 8F,C98=F5B &5B;IB ,IA5FGC $56ID5H9B 0CBC;=F= .B=H !9AC8=5@=G=G +IA5< ,5?=H .AIA 59F5< +,. 8F,C98=F5B &5B;IB ,IA5FGC $56ID5H9B 0CBC;=F=H9@5<69F8=F=G9>5?H5
   (*4<=!.7.52<2*7 )9B9@=H=5B=B=H9@5<8=@5?I?5BD585 6I@5B#5BI5F=G5AD5=6I@5B&9= 



  !89=5*;2-*7$*69.5 )CDI@5G= 85@5A D9B9@=H=5B 585@5< G9H=5D GI6M9? A=G5@BM5 A5BIG=5 D5G=9B M5B; A9A9BI<= ?F=H9F=5 M5B; H9@5< 8=H9H5D?5B 'IFG5@5A  ,5AD9@ H9F8=F= 85F= 65;=5B DCDI@5G= H9F>5B;?5I M5B; 85D5H 8=D9F;IB5?5B G965;5= GI6M9? D9B9@=H=5B A9@5@I= :(47305. !(47305. 585@5< DFCG9G A9BM9@9?G= DCFG= 85F= DCDI@5G= M5B; 85D5H A9K5?=@= G5AD9@ M5B; 585 'IFG5@5A  ,5FMCBC  B;;F59B=   ?CBG9D G5AD9@ 85@5A D9B9@=H=5B ?I5@=H5H=: 69F?5=H5B 89B;5B 65;5=A5B5 A9A=@=< =B:CFA5B 5H5I G=HI5G= GCG=5@ H9FH9BHI M5B; 85D5H A9A69F=?5B =B:CFA5G= M5B; 589?I5H 85B H9FD9F75M5 A9B;9B5= 9@9A9B P 9@9A9B M5B; 585 M5B; 5?5B 8=H9@=H= )585 D9B9@=H=5B :9BCA9BC@C;= G5AD9@ M5B; 8=5A6=@ 585@5< G5AD9@ M5B; D9FB5< A9B;5@5A=GI6GH5BG=M5B;5?5B8=H9@=H=M5B;5FH=BM5G5AD9@H9FG96IHD9FB5< A9B;5@5A= G9GI5HI <5@ M5B; 5?5B 8=H9@=H= C@9< D9B9@=H= 5@5A D9B9@=H=5B ?I5@=H5H=:G5AD9@8=5FH=?5BG965;5=D5FH=G=D5B =B:CFA5B )5FH=G=D5B85@5AD9B9@=H=5B=B=585@5<D5G=9B89B;5B;5;5@;=B>5@?FCB=? M5B;G985B;A9B>5@5B=H9F5D=<9AC8=5@=G=G8=.B=H!9AC8=5@=G=G+IA5<,5?=H .AIA59F5<+,.8F,C98=F5B&5B;IB,IA5FGC$56ID5H9B0CBC;=F= )9B;5A6=@5B 85B F9?FIHA9B D5FH=G=D5B 8=@5?I?5B 89B;5B 75F5 7<976:0=, :(47305. M5B;A5B5D9B9@=H=5BA9B85G5F?5BD585@5B85G5B?5=H5BH9CF=M5B; 8=;IB5?5B ?9=B;=BH558=



GIA69F 85H5 M5B; 5?IF5H ,IHCDC

 $9?5@5B= <9AC8=5@=G=G M5B; 85D5H A9B;IB;?5D?5B D9B;5@5A5BBM5 A9B;9B5= ?I5@=H5G <=8ID )5FH=G=D5B M5B; H9FD=@=< IBHI? A9B;=?IH=D9B9@=H=5B585@5< =B8=J=8IM5B;A9A=@=?=?F=H9F=5G965;5=69F=?IH  )5G=9B 89K5G5 89B;5B ;5;5@ ;=B>5@ ?FCB=? M5B; G985B; A9B>5@5B= H9F5D= <9AC8=5@=G=G  &9B>5@5B=<9AC8=5@=G=G89B;5B:F9?I9BG= P ?5@=85@5AG9A=B;;I

 9FIG=5 P  H55@ ?FCB=?G9@5A5 H5I= 05-694,+*65:,5;  9FG98=5A9B>58=D5FH=G=D5BG9@5A5D9B9@=H=5B69F@5B;IB; +9?FI=HA9B D5FH=G=D5B 8=AI@5= 89B;5B A9B;=89BH=:=?5G= B5A5 P B5A5 D5FH=G=D5B M5B; 8=85D5H?5B 8= F9?5A A98=? 5H5I 75H5H5B B5A5 P B5A5 D5G=9B M5B; A9B>5@5B= <9AC8=5@=G=G 8= .B=H !9AC8=5@=G=G +IA5< ,5?=H .AIA 59F5< +,. 8F,C98=F5B &5B;IB ,IA5FGC $56ID5H9B 0CBC;=F=#IA@5<D5FH=G=D5B85@5AD9B9@=H=5B=B=585@5<A=B=A5@CF5B; G9GI5= 89B;5B ?FH9F=5 M5B; H9@5< 8=6I5H =A5B5 <5@ =B= G9GI5= D9B85D5H ,5FMCBC   B;;F59B=   65K5< :C?IG D9B9@=H=5B ?I5@=H5H=: 585@5< D585?985@5A5B85BDFCG9GG9<=B;;5D585D9B9@=H=5B=B=<5BM5A9@=65H?5B >IA@5< D5FH=G=D5B M5B; G98=?=H )9FH9AI5B 89B;5B A5G=B; P A5G=B; D5FH=G=D5B8=@5?I?5BG975F569FH5<5B



 !.70=69=5*7*<* ,5FMCBC  B;;F59B=   85@5A DFCG9G D9B;IADI@5B 85H5 D9B9@=H=5B ?I5@=H5H=: A5BIG=5 69F:IB;G= G9565;= =BGHFIA9B IH5A5 D9B9@=H=5B &9G?=DIB 89A=?=5B D585 D9@5?G5B55BBM5 D9B9@=H= 8=65BHI C@9< D98CA5B D9B;IADI@5B85H5

  *:*9.70=69=5*7-*<* 5@5AD9B9@=H=5B?I5@=H5H=:H9F85D5H65BM5?75F5M5B;8=D5?5=IBHI? A9B;IADI@?5B 85H5 75F5 D9B;IADI@5B 85H5 85@5A D9B9@=H=5B =B= 585@5< G9GI5=89B;5BD98CA5BA9BIFIH,5FMCBC B;;F59B=   05K5B75F5 05K5B75F5 A9FID5?5B 5@5H 9,*/,205. 5H5I D9A6I?H=5B H9F<585D =B:CFA5G= H9F<585D =B:CFA5G= 5H5I ?9H9F5B;5B M5B; 8=D9FC@9< G969@IABM5 -9 05K5B75F5 A9B85@5A 5 +,7; 05;,9=0,> 585@5< DFCG9G A9AD9FC@9< ?9H9F5B;5B IBHI?HI>I5BD9B9@=H=5B89B;5B75F5H5BM5>5K56G5A6=@69FH5H5DAI?5 5BH5F5 D9K5K5B75F5 89B;5B =B:CFA5B 5H5I CF5B; M5B; 8=K5K5B75F5= 89B;5B5H5IH5BD5A9B;;IB5?5BD98CA5B85B=B:CFA5BH9F@=65H85@5A ?9<=8ID5B GCG=5@ M5B; F9@5H=: @5A5 )98CA5B K5K5B75F5 85@5A D9B9@=H=5B=B=8=6I5HG9GI5=89B;5B=B8=?5HCF P =B8=?5HCF?I5@=H5G<=8ID  C?IA9B ,9>IA@5< 69G5F 85H5 H9FG=AD5B 85@5A 65<5B M5B; 69F69BHI? 8C?IA9BH5G= 5@5A D9B9@=H=5B =B= A9B;5A6=@ GIA69F 85H5 85F=



8C?IA9B F9?5A A98=? 8= .B=H !9AC8=5@=G=G +IA5< ,5?=H .AIA 59F5< +,. 8F,C98=F5B &5B;IB ,IA5FGC $56ID5H9B 0CBC;=F= M5B; 69FHI>I5B IBHI? A9B;9H55@5B=<9AC8=5@=G=G

 (6G9FJ5G= (6G9FJ5G= 8=@5?I?5B IBHI? A9B;9H5


=B8=?5HCF G9D9FH= AC6=@=G5G=

D9B;IB;?5D5BBM9F=D9A65H5G5B9B9F;=85BD9FI65<5B:=G=?

   5*<!.70=69=5*<* @5HD9B;IADI@85H5D9B9@=H=5B=B=H9F8=F=85F= 

9B;<5G=@5BD9F6I@5B



%9A65F 5@5H D9B;IADI@5B 85H5 A9B;9B5= B5A5 IAIF 5@5A5H 85B D%9A65FHF5BG?F=DK5K5B75F585BD9FH5BM55B



@5H HI@=G

   %*1*9!.70=69=5*7*<*  -5<5D(F=9BH5G= )9B9@=H= A9@5?I?5B D9B;IADI@5B 85H5 G9;9F5 8=@5?I?5B G9H9@5< D9B9@=H= A9AD9FC@9< =N=B 85F= +IA5< ,5?=H .AIA 59F5< +,. +,. 8F,C98=F5B &5B;IB ,IA5FGC $56ID5H9B 0CBC;=F= 85B G9@5B>IHBM5D9B9@=H=A9@=<5H85H5=89BH=H5G75@CBD5FH=G=D5B8=8C?IA9B F9?5AA98=?,9H9@5<A9B9BHI?5B75@CBD5FH=G=D5BM5B;G9GI5=89B;5B



?F=H9F=5 D9B9@=H=5B 85B A9B8=G?IG=?5BBM5 89B;5B D9F5K5H 8= .B=H <9AC8=5@=G=G +IA5< ,5?=H .AIA 59F5< +,. 8F,C98=F5B &5B;IB ,IA5FGC $56ID5H9B 0CBC;=F= )9B9@=H= 69FH9AI @5B;GIB; 89B;5B 75@CB D5FH=G=D5B G9GI5= 89B;5B >58K5@ <9AC8=5@=G=G 5H5I A9B;9@5G?5B HI>I5B D9B9@=H=5B A5B:55H D9B9@=H=5B DFCG98IF D9B9@=H=5B <5? P <5? D5FH=G=D5B G9FH5 D9F5BD5FH=G=D5B85@5AD9B9@=H=5B ,9H9@5< A9A6=B5 58= D5FH=G=D5B 85@5AD9B9@=H=5B=B=#=?575@CBD5FH=G=D5B69FG98=5A9B>58=D5FH=G=D5B 85@5A D9B9@=H=5B =B= G9@5B>IHBM5 D9B9@=H= A9A6I5H D9F>5B>=5B H9AD5H 85B K5?HI 8=@5?I?5BBM5 K5K5B75F5 5@CB D5FH=G=D5B  =B:CFA5B A9B5B85H5B;5B=@9A65FD9FG9HI>I5B 05-694,+*65:,5;  -5<5D)9@5?G5B55B ,9H9@5<D9B9@=H=A9A6I5HD9F>5B>=5B89B;5B75@CBD5FH=G=D5B85B 69FG98=5 IBHI? A9B>58= D5FH=G=D5B 85@5A D9B9@=H=5B =B= G9FH5 H9@5< A9B5B85H5B;5B= 05-694,+ *65:,5; G9@5B>IHBM5 585@5< K5K5B75F5 A9B85@5AH9F<585DD5FH=G=D5B)9B9@=H=A9A69F=?5BD9FH5BM55B?9D585 D5FH=G=D5B G9GI5= 89B;5B D98CA5B K5K5B75F5 M5B; H9@5< 8=6I5H D585 G55H D9FG=5D5B G969@IA D9B9@=H=5B 8=@5?I?5B ,9H9@5< K5K5B75F5 G9@9G5= D9B9@=H= G9;9F5 A9@5?I?5B HF5BG?F=DG= <5G=@ K5K5B75F5 85B A9@5?I?5B ?CBGI@H5G= 89B;5B D9A6=A6=B; H9BH5B; D9FH5BM55B M5B; AIB;?=B D9F@I IBHI? 8=?9A65B;?5B 85B 8=H5A65


G9GI5=89B;5BD98CA5BK5K5B75F58=6I5H 69F85G5F?5B 85H5M5B;H9@5< 8=?IADI@?5BD585G55HGHI8=D9B85I5B IBHI? A9AIB;?=B?5BD9B9@=H=A9B85D5H?5BF9GDCBM5B;@I5G85F=D5FH=G=D5B "B:CFA5G= M5B; 8=G5AD5=?5B D5FH=G=D5B H9F6965G 85F= D9B;5FI< CF5B; @5=B 65=? 85F= ?9@I5F;5BM5 A5IDIB CF5B; H9F89?5H 85F= D5FH=G=D5B A9B;=B;5H ?I5@=H5G <=8ID A9FID5?5B <5@ GI6M9?H=: M5B; <5BM5 85D5H 8=IB;?5D?5B C@9< D5FH=G=D5B D9B89F=H5 ;5;5@ ;=B>5@ ?FCB=? =B:CFA5G= H9FG96IH8=D9FC@9<@5B;GIB;85F=GIA69FBM5 )585 G55H H5<5D D9B;IADI@5B 85H5 D9B9@=H= A9@5?I?5B 5B5@=G5 85H589B;5BA9HC89C@5=NN=M5B;G9GI5=89B;5BHF5BG?F=DK5K5B75F5 M5B; H9@5< 8=6I5H G9H9@5< A9B9AI?5B ?5H5 ?IB7= 85B A5?B5 G9FH5 H9A5 G9A9BH5F5 85F= 5B5@=G5 M5B; 8=@5?I?5B D9B9@=H= A9@5?I?5B K5K5B75F5H9F<585DD5FH=G=D5BG9@5B>IHBM5)9B9@=H=A9B;;IB5?5B5@5H D9F9?5A G965;5=5@5H65BHID9F9?5A5BK5K5B75F5 #IA@5<D9FH9AI5B5BH5FD9B9@=H=89B;5BD5FH=G=D5B69F6985  6985 5B5H5FG5HI<=B;;58I5?5@=D9FH9AI5B)9B9@=H=G9@5@IA9AD9F<5H=?5B ?CB8=G= D5FH=G=D5B G9<=B;;5 >=?5 D585 G55H D9FH9AI5B D9FH5A5 69@IA



H9F75D5=G9AI5HI>I5BD9B9@=H=5BA5?5D9B9@=H=85BD5FH=G=D5BA9A6I5H ?9G9D5?5H5B K5?HI 85B H9AD5H IBHI? D9FH9AI5B M5B; G9@5B>IHBM5 A9B;=B;5H D5FH=G=D5B H=85? G9@5@I 85@5A ?CB8=G= M5B; 65=? D585 G55H 8=@5?I?5B K5K5B75F5 85B D9B;5A6=@5B 85H5 G9<=B;;5 K5K5B75F5 8=G9GI5=?5B89B;5B?CB8=G=D5FH=G=D5B 05K5B75F5 ?98I5 8=@5?I?5B G9H9@5< G9AI5 85H5 85F= <5G=@ K5K5B75F5D9FH5A5H9@5<8=6I5H85@5AGI5HIHF5BG?F=D85H5G9FH5H9@5< 8=H9H5D?5B ?5H5 ?IB7= A5?B5 85B H9A5 G9A9BH5F5 85F= 69F65;5= D9B;5@5A5B M5B; 8=89G?F=DG=?5B D5F5 D5FH=G=D5B ,9@5A5 K5K5B75F5 =B= D5FH=G=D5B 8=A=BH5 IBHI? A9B;?CB:=FA5G= H9A5 P H9A5 M5B; G9A9BH5F5 8=<5G=@?5B 69FI;5 D9BH=B; 8=@5?I?5B IBHI? A9A69F=?5B?9G9AD5H5B?9D585D5F5D5FH=G=D5BA9@5?I?5BJ9F=:=?5G= ?CB:=FA5G= A9AD9F@I5G 85B A9B5A65< 89G?F=DG= A9F9?5 85F= D9B;5@5A5B P D9B;5@5A5B A9F9?5 A9B;9B5= ?I5@=H5G <=8ID IBHI? @96=< A9B5A65< ?95?IF5H5B 85F= D9B9@=H=5B =B= ,9H9@5< K5K5B75F5 ?98I5 G9@9G5= 85B 8=@5?I?5B HF5BG?F=D K5K5B75F5 HF5BG?F=D 8=FI>I? ?985@5A ?5H5 ?IB7= 85B A5?B5 G9FH5 H9A5 P H9A5 M5B; H9@5< 8=6I5H G969@IABM5G9<=B;;5G9H9@5<K5K5B75F5?98I5=B=H9A5 P H9A5GI85< 8=H9H5D?5BG965;5=D9FBM5H55BM5B;H9;5G



 7*52;**<* B5@=G5

85H5

85@5A

D9B9@=H=5B

=B=

A9B;;IB5?5B

A9HC89

:9BCA9BC@C;=G 89G?F=DH=: 89B;5B A9HC89 C@5=NN= )C@=H  57?

 A9HC89 C@5=NN= 8=B=@5= 9:9?H=: 8=;IB5?5B 85@5A D9B9@=H=5B =B= 8=?5F9B5?5B 89B;5BA9HC89C@5=NN=:9BCA9B5 P :9BCA9B585D5HH9FIB;?5D89B;5B>9@5G G9GI5= 89B;5B A5?B5 P A5?B5 M5B; 8=85D5H 85DIB @5B;?5< P @5B;?5< 5B5@=G585H5585@5<G965;5=69F=?IH  )9B9@=H= A9B;;5A65F?5B :9BCA9B5 85F= D9B;5@5A5B <=8ID D5FH=G=D5B M5B;8=H9@=H=M5=HIA9B;9B5=?I5@=H5G<=8IDD9B89F=H5<9AC8=5@=G=G  )9B9@=H= A9B;IADI@?5B ;5A65F5B :9BCA9B5 D5FH=G=D5B 69FID5 D9B;5@5A5B D5G=9B ;5;5@ ;=B>5@ M5B; A9B>5@5B= <9AC8=5@=G=G H9F<585D ?I5@=H55G<=8ID

 )9B9@=H= A9A6575 G9AI5 DFCHC?C@ 5H5I HF5BG?F=D IBHI? A9B85D5H?5B D9F5G55B M5B; G9GI5= 85F= D5FH=G=D5B $9AI8=5B A9B;=89BH=:=?5G= D9FBM5H55B D5FH=G=D5B M5B; F9@9J5B ,9FH5 A9A6575 HF5BG?F=D G975F5 69FI@5B; P I@5B; <=B;;5 8=H9AI?5B ?5H5 ?IB7= 85F= D9FBM5H55B P D9FBM5H55BA9B;9B5=?I5@=H5G<=8ID  $9AI8=5B D9B9@=H= A9B75F= A5?B5 85B 8=FIAIG?5B ?9 85@5A H9A5 ,9H9@5< H9A5 8=5B5@=G5 A9FI>I? ?9@CADC? H9A5 ?985@5A HF5BG?F=D 85B DFCHC?C@5G@=IBHI?A9AJ5@=85G=  )9B9@=H=A9B;=BH9;F5G=?5B<5G=@?985@5A89G?F=DG=@9B;?5D85F=:9BCA9B5 M5B;8=H9@=H=A9B;9B5=?I5@=H5G<=8ID



 &9FIAIG?5B 89G?F=DG= @9B;?5D 85F= :9BCA9B5 M5B; 8=H9@=H= G965;5= D9FBM5H55BH9;5G85B8==89BH=:=?5G=?9A65@=  $9A65@=?9D585D5FH=G=D5BIBHI?@5B;?5<J5@=85G=5?<=F J9F=:=?5G=H9A5 P H9A5 G9;9F5 G9H9@5< DFCG9G J9F65H=A 8=@5?I?5B  85B D9B9@=H= H=85? A9B85D5H?5B 85H5 H5A65<5B 65FI A9B;9B5= ?I5@=H5G <=8ID G9@5A5 J9F=:=?5G=

 '*52-2<*;-*7#.52*+252<*;

-F=5B;I@5G= A9FID5?5B 75F5 M5B; D5@=B; IAIA 8=;IB5?5B IBHI? D9B=B;?5H5BJ5@=8=H5G 85H585@5AD9B9@=H=5B?I5@=H5H=:,IHCDC

5@5A D9B9@=H=5B =B= A9B;;IB5?5B HF=5B;I@5G= D9B9@=H= 85H5 A9HC8C@C;= 85B H9CF=H=G @5G5B A9B;;IB5?5B HF=5B;I@5G= H9FG96IH 8=?5F9B5?5B -6*<: .96<7 +0:*<::065 H=85?85D5H8=@5?I?5BA9B;=B;5HA5G=B; P A5G=B; D5FH=G=D5BH=85? A9AIB;?=B?5B8=@5?I?5B 85@5AD9B9@=H=5B=B=

 <24*!.7.52<2*7 H=?5 D9B9@=H=5B 585@5< GI5HI G=GH9A B=@5= BCFA5@ M5B; <5FIG 8=D5HI<= C@9<D9B9@=H=G55HA9@5?I?5B5?H=J=H5GD9B9@=H=5BM5B;A9@=65H?5BF9GDCB89B A9@=DIH=?96965G5B85F= 585BM55B75A5B?96965G5B85F=585BM5 9?GD@C=H5G= ?9IBHIB;5B 85F= D9B9@=H=5B H9FG96IH 85B F9G=?C M5B; 8=85D5H?5B )C@=H  !IB;@9F





)9B9@=H= A9M5?=B= 65
  !,3-+,;,9405(;065 )5FH=G=D5B 8=69F=?5B ?96965G5B IBHI? A9B9BHI?5B 5D5?5< 69FG98=5 5H5I H=85? IBHI? A9B;=?IH= ?9;=5H5B D9B9@=H=5B G975F5 GI?5F9@5 )9B9@=H= A9A69F=?5B ?96965G5B ?9D585 D5FH=G=D5B IBHI? =?IH 69FD5FH=G=D5G= )9B9@=H=A9A69F=?5BD9B>9@5G5B?9D58575@CBD5FH=G=GD5BA9B;9B5=HI>I5B 85BA5B:55HD9B9@=H=5BM5B;8=@5?I?5B)9B9@=H=>I;5A9B>9@5G?5B65I5B D9B9@=H=5B M5=HI IBHI? A9B;5B5@=G5 ?I5@=H5G <=8ID 8=@=<5H 85F= 8=A9BG= :=G=? 8=A9BG= DG=?C@C;=G 8=A9BG=
 90=(*@ ,9@5A5 85B G9GI85< D9B9@=H=5B 790=(*@ D5FH=G=D5B 8=>5;5 G975F5 69B5F G9AI5 D5FH=G=D5B 8=69F@5?I?5B G5A5 D9B9@=H= 5?5B A9B>5;5 ?9F5<5G=55B D5FH=G=D5B85F==B:CFA5G=M5B;8=69F=?5B85B<5BM58=;IB5?5B IBHI? ?9;=5H5B D9B9@=H=5B G9FH5 H=85? 5?5B 8=DI6@=?5G=?5B H5BD5 =N=B 85F= D5FH=G=D5B



 565@40;@ '5A5 D5FH=G=D5B G9@5A5 D9B9@=H=5B H=85? 8=;IB5?5B A9@5=B?5B 8=;5BH= 89B;5B BCACF 85B =B=G=5@ D9B9@=H=5B 'CACF 85B =B=G=5@ 85F= D5FH=G=D5B =B= 8=;IB5?5B 89B;5B HI>I5B IBHI? A9B>5;5 ?9F5<5G=55B D5FH=G=D5B 85B A9B79;5< ?9?9@=FI5B D9B9@=H= 85@5A A9A5GI??5B 85H5 9F=?IH?C89D5FH=G=D5BM5B;8=;IB5?5B85@5AD9B9@=H=5B=B=)5FH=G=D5B" )  )5FH=G=D5B "" )  )5FH=G=D5B """ )

 )5FH=G=D5B "/ )  85B )5FH=G=D5B/)   96;,*;065:-69+0:*64-69; ,9@5A5 D9B;5A6=@5B 85H5 D9B9@=H=5B D9B9@=H= A9A69F= ?9BM5A5B5B D585 D5FH=G=D5B89B;5BA9B;5A6=@H9AD5HK5K5B75F5G9GI5=89B;5B?9=B;=B5B D5FH=G=D5B ,9<=B;;5 D5FH=G=D5B 85D5H @9@I5G5 H5BD5 585 D9B;5FI< @=B;?IB;5B IBHI? A9B;IB;?5D?5B A5G5@5< M5B; 5@5A= )585 D9B9@=H=5B =B= D9B9@=H=5B 8=@5?I?5B 8=FIA5< A5G=B; P A5G=B; D5FH=G=D5B ?5F9B5 D9B9@=H=5BH=85?A9AIB;?=B?5B8=@5?I?5B8=FI5B;!9AC8=5@=G=G

' $!%!$

)585656=B=5?5B8=>9@5G?5BA9B;9B5=?5F5?H9F=GH=?G9@IFI<D5FH=G=D5B85B 69F65;5= D9B;5@5A5B ?9<=8ID5B D5G=9B 89B;5B ;5;5@ ;=B>5@ ?FCB=? M5B; A9B>5@5B=H9F5D=<9AC8=5@=G=G8=+IA5<,5?=H.AIA59F5<+,.8F,C98=F5B &5B;IB,C9A5FGC$56ID5H9B0CBC;=F= )585D9B9@=H=5B=B=H9@5<8=H9AI?5B H9A5 P H9A5 M5B; A9A69F=?5B G96I5< ;5A65F5B A9B;9B5= ?I5@=H5G <=8ID D9B89F=H5 ;5;5@;=B>5@?FCB=?M5B;A9B>5@5B=H9F5D=<9AC8=5@=G=G #%!%!% )9B9@=H=5B 8=@5?I?5B 8= .B=H !9AC8=5@=G=G +IA5< ,5?=H .AIA 59F5<+,.8F,C98=F5B&5B;IB,IA5FGC+,.8F,C98=F5B&5B;IB ,IA5FGC $56ID5H9B 0CBC;=F= H9@5< @5A5 A9B9A5B= A5GM5F5?5H $56ID5H9B 0CBC;=F= 85@5A A9A69F=?5B D9@5M5B5B 8=6=85B; ?9G9<5H5B 85B >I;5 8=A5B:55H?5B C@9< G965;=5B 69G5F A5GM5F5?5H 8=@I5F ?56ID5H9B 0CBC;=F= G9<=B;;5A9AI5G?5BA5GM5F5?5H85@5A>5G5D9@5M5B5BFIA5<G5?=H +,. 8F ,C98=F5B &5B;IB ,IA5FGC $56ID5H9B 0CBC;=F= H9@5< 8=H9H5D?5B =N=B CD9F5G=CB5@BM5 C@9< &9BH9F= $9G9<5H5B D585 H5B;;5@ #5BI5F= G965;5=FIA5<G5?=HH=D9,9=F=B;85BG9>5@5BHIBHIH5BDI6@=? A5?5 D9A69B5<5B D9@5M5B5B 8=@5?I?5B 89B;5B ?9F>5 ?9F5G C@9< +,. 8F ,C98=F5B&5B;IB,IA5FGC$56ID5H9B0CBC;=F=M5B;A9A65K5D9B=B;?5H5B H=D9FIA5<G5?=HA9B>58=H=D9 D585H5B;;5@ #IB=  ,9H9@5<=HI+,.





8F,C98=F5B&5B;IB,IA5FGC$56ID5H9B0CBC;=F=A9@5?I?5BD9F65=?5B@5;= 85B8=H9H5D?5BA9B>58=H=D9'CBD9B8=8=?5B .B=H <9AC8=5@=G=G +,. 8F ,C98=F5B &5B;IB ,IA5FGC $56ID5H9B 0CBC;=F= H9@5< 69F8=F= G9>5? H55@5BBM5K5?HI?5D5G=H5G69FH5A65<A9B>58=H9AD5HH=8IF 85BD9F5K5HGD9G=5@=G<9AC8=5@=G=G

 ##%#$%!#%$!   !*:<2;29*7! 'M,- IAIF  H59B=G ?9@5A=B D9F9ADI5B A9FID5?5B D5FH=G=D5B D9FH5A5 M5B; 8=K5K5B75F5= IBHI? D9FH5A5 ?5@=BM5 D585 <5F= #IA5H #5BI5F= DI?I@ 

0"8=FIA5<'M,-M5B;69F5@5A5H 8= 9G5 -5B>IB; 9@=?I=FD 5HIF9HBC #5F5? 5BH5F5 D5FH=G=D5B 89B;5B D9B9@=H= 585@5<  A9H9F 05K5B75F5 ?98I5 8=@5?I?5B D585 <5F= G56HI  &9=  DI?I@   0" 8= FIA5< 'M,- ,55H K5K5B75F5 ?98I5 ?CB8=G= 'M,- GI85< A9A65=? #5F5? 5BH5F5 D5FH=G=D5B 89B;5B D9B9@=H= 585@5< A9H9F 'M,- A9FID5?5B D5G=9B ;5;5@ ;=B>5@ ?FCB=? G9>5? G5HI H55@5B= H9F5D= <9AC8=5@=G=G L 85@5A G5HI A=B;;I M5B;8=@5?G5B5?5BD585<5F=G9@5G5D5;=85B>IA5HD5;='M,-A9A=@=?= F=K5M5H 85F5< H=B;;= G9>5?  H5I;5 A9B;;IB5?5B $ D=@ G9@5A5  H5


D9B;9FH=5BA9B;9B5=F9G=?CD9B89F=H5<=D9FH9BG=>=?5A9B;;IB5?5BD=@$ B5AIB'M,-G=5DIBHI?A9B9F=A5F9G=?C )585 5K5@ D9BM5?=HBM5 'M,- H=85? A9F5G5?5B ;9>5@5 M5B; ?<5G #5I< G969@IA 8=8=5;BCG5 ;5;5@ ;=B>5@ ?FCB=? 'M,- A9B;?CBGIAG= A=BIA5B F96IG5B 85IB G=F=< $CBGIAG= F96IG5B 85IB G=F=< 8=@5?I?5B H55 8= D56F=? FCH= M5B; A9B;<5FIG?5B 'M,IBHI?G9@5@I69?9F>579D5H)5855K5@D9BM5?=H;5;5@;=B>5@?FCB=?H=65 P H=65 'M,- A9B;5@5A= D9BIFIB5B ?9G585F5B D9FIH 69B;?5? 85B 6585B @9A5G G9<=B;;5 H=85? 85D5H A9@5?I?5B 5?H=J=H5G 5D5DIB $9AI8=5B C@9< ?9@I5F;5 'M,- 8=65K5 ?9 +5K5H "B5D 859F5< 5HIF9HBC 8= +5K5H "B5D H=85?8=@5?I?5BD9A9F=?G55B5D5DIB ,965;5=CF5B;M5B;G5?=HG55H=HI'M,-H=85?A9B;<=B85F=A5?5B5B 5D5DIB ,55H =HI 'M,- 69@IA A9B;9H5I? ?9 +IA5< ,5?=H F&C9K5F8= ,IF5?5FH5 IBHI? A9B85D5H D9B;C65H5B M5B; @96=< @5B>IH = +IA5< ,5?=H F&C9K5F8= ,IF5?5FH5 'M,- 8=@5?I?5B D9A9F=?G55B

P

D9A9F=?G55B D9BIB>5B; IBHI?

A9AD9F>9@5GD9BM5?=HBM5'M,-@5@IA5GI??9FI5B; 5;,5:0=,(9,#50; ". +IA5< ,5?=H F&C9K5F8= ?5F9B5 ?CB8=G= M5B; H=85? G585F



?95855B=HI69F@5B;GIB;<=B;;5<5F=$9AI8=5BC@9<8C?H9F8=G5F5B?5B IBHI?8=@5?I?5B7I7=85F5<G9H9@5<8=@5?I?5B7I7=85F5< LG9@5A5>5A 'M,-?9AI8=5BG585F 969F5D5 G55H G9H9@5< G585F 'M,- H=85? 85D5H A9B;=B;5H G=5D5 B5A5BM5 B5A5 GI5A= 85B 5B5?BM5 'M,- <5BM5 A9F5G5?5B D=?=F5BBM5 G9D9FH= CF5B; M5B; @=B; @IB; 85B 6=B;IB; H=85? H558=D585BM5'5AIBC@9<?9@I5F;5G9@5@I8=65BHI IBHI? A9B;=B;5H 85B G9@5@I 8=5>5? IBHI? 69F6=B75B; P 6=B75B; ,9H9@5< 6969F5D5G55H'M,-G98=?=H89A=G98=?=H85D5HA9B;=B;5HCF5B; P CF5B; M5B; 69F585 8=G9?=H5FBM5 'M,- A9F5G5?5B D9FIH M5B; G5?=H 85B 6585B D5B5GG9H=5D?5@=8=69F=?5BC65H'M,-H=85?D9FB5<69H5<H=B;;5@8=FI5B; 5;,5:0=,(9,#50; ".8=?5F9B5?5BG9H=5D?5@==B;=BA5B8=5H5IG=6=B M5B; A9@5?I?5B H=B85?5B 585@5< D9F5K5H @5?= P @5?= G9<=B;;5 'M,A9F5G5 A5@I G9@5=B =HI 'M,- >I;5 H5?IH 65BM5? 5@5H 85B ?569@ M5B; H9FD5G5B;8=HI6I5@5B= H9F5D= <9AC8=5@=G=G 8= +IA5<,5?=H F&C9K5F8= ,IF5?5FH5 G965BM5? L 85@5A



G5HI A=B;;I -=85? 585 D=@=<5B @5=B 'M,- 85B ?9@I5F;5 <5FIG A9BH55H= D9F=BH5<85F=8C?H9FA9B;=B;5H?CB8=G='M,-M5B;<5FIGH9H5DA9B>5@5B= <9AC8=5@=G=G )585G55H8=@5?I?5B<9AC8=5@=G=G L85@5AG9A=B;;I?CB8=G='M,?IF5B; 65=? @5@I C@9< 8C?H9F 8=G5F5B?5B IBHI? A9B5A65< :F9?I9BG= <9AC8=5@=G=G A9B>58= L 85@5A G9A=B;;I 9B;5B <9AC8=5@=G=G M5B; 8=@5?I?5B L 85@5A G9A=B;;I ?CB8=G= 'M,- >5I< @96=< 65=? )585 5K5@ 8=5;BCG5;5;5@;=B>5@585D9F5G55BA9BM9G5@G98=<D5GF5<85B6=B;IB; &9B;=B;5H?CB8=G=?9I5B;5B'M,-M5B;A9FID5?5B?9@I5F;5A9B9B;5< ?965K5< G9<=B;;5 'M,- 85B ?9@I5F;5 <5FIG 69F:=?=F L IBHI? A9B85D5H?5B I5B; -=B85?5B <9AC8=5@=G=G M5B; 8=>5@5B= 'M,- GI85< H9FA5GI? 85@5A >5A?9GA5G ?9@I5F;5 'M,- <5BM5 A9A=?=F?5B IBHI? HF5BGDCFH5G= ?G9G M5B; H=85? AI85< 85B >5F5? M5B; H9F@5@I >5I< M5B; <5FIG 8=>5B;?5I C@9< 'M,- IBHI? A9@5?I?5B H=B85?5B <9AC8=5@=G=G A9A6I5H 'M,-G9@5@IA9F5G5@9@5<G969@IA85BG9GI85<<9AC8=5@=G=G!5@=HI5?5B H9H5D 8=@5?I?5B C@9< 'M,- A9B;=B;5H IB=H <9AC8=5@=G=G 8= +IA5< ,5?=H F&C9K5F8=A9FID5?5BIB=H<9AC8=5@=G=GM5B;H9F89?5H,9@5A5OH55@5B=H9F5D=<9AC8=5@=G=G8=+IA5<,5?=HF&C9K5F8='M,A9A=BH5 D=B85< H9AD5H ?9 +IA5< ,5?=H .AIA 59F5< +,. 0CBC;=F=A9B;=B;5HD585G55H=HI+,.0CBC;=F=GI85<A9A6I?5IB=H <9AC8=5@=G=G 'M,- 85D5H A9A=B=A5@?5B 6=5M5 HF5BGDCFH5G= 85B H=85? A9B;9@I5F?5B 65BM5? H9B5;5 ,9>5? G55H =HI 'M,- A9@5?I?5B H9F5D=



<9AC8=5@G=G=8=+IA5<,5?=H.AIA59F5<+,.8F,C98=F5B&5B;IB ,IA5FGC$56ID5H9B0CBC;=F=<=B;;5G55H=B= $CB8=G='M,-H=85?G9@5@I65=?'M,-G9F=B;?9@I5FA5GI?FIA5< G5?=H 89B;5B D9BM5?=H M5B; G5A5 )585 G55H K5K5B75F5 M5B; D9FH5A5 ?CB8=G='M,-G985B;A9A65=?85B?CB8=G=BM5GI85<GH56=@'5AIBD9FIH 'M,-H9H5DA9A69G5F'M,-H=85?D9FB5<A9BH55H=8==HM5B;8=5B>IF?5B C@9< 8C?H9F 85B D9F5K5H 8= FIA5< G5?=H 'M,- G9@5@I A=BIA 65BM5? 5=F DIH=<M5B;8=B;=B>=?5'M,-H=85?A=BIA5=F8=B;=BA5?5?CB8=G=6585B H=85?GH56=@'M,-5?5BA9F5G5?5B6585BH=85?BM5A5B85B6585B@9A5G >=?5A=BIABM5<5BM5G98=?=HA9BIFIH'M,-@96=<65=?A=BIA85F=D585 A5?5B!5@=B=M5B;A9A6I5H'M,-G9@5@I8=@5?I?5BD9B;9@I5F5B75=F5B 85@5AD9FIHG9?5@=H=B85?5B85D5HA9B;9@I5F?5BG965BM5? P @=H9F 'M,- H=85? 85D5H A9@5?I?5B 5?H=J=H5G G9D9FH= 6=5G5BM5 G9A9B>5? A9B;=85D ;5;5@ ;=B>5@ 'M,- H=85? 85D5H 69?9F>5 85B GIG5< IBHI? 69FGCG=5@=G5G= ?5F9B5 ?CB8=G= 6585B M5B; GI85< H=85? G9D9FH= 85=?5 <5FIG 69D9F;=5B>5I<85B69FH9AI89B;5BCF5B;@5=BM5B;69@IAA9B;9B5@BM5 ,9A9B>5? G5?=H 'M,- H=85? A9@5?I?5B 5?H=J=H5G F9?F95G= 89B;5B ?9@I5F;5 8=?5F9B5?5B ?CB8=G= M5B; H=85? A9AIB;?=B?5B 'M,- G9@5@I A9B;9@I5@M5B;H=85?A5?G=A5@@5;=6I5B;5=F?97=@$



<5BM5 A9B9H9G D585 G55H D5;= 85B A5@5A <5F= 'M,- G9@5@I A9B;<5F5D?5B =B;=B 79D5H G9A6I< 85F= G5?=HBM5 5;5F H=85? A9F9DCH?5B ?9@I5F;5M5B;@5=B,9A9B>5?<9AC8=5@=G=G8=@5?I?5B L85@5AG9A=B;;I 'M,- G9@5@I A9F5G5?5B 6585B M5B; 9B5? G9H9@5< H9F5D= <9AC8=5@=G=G G9@9G5= B5AIB D585 G55H H9F5D= 8=@5?I?5B 6585B H9F5G5 75D9? 85B @9A5G G9FH5?585B; P ?585B;=B;=BAIBH5< &5B:55H 85F= H9F5D= <9AC8=5@=G=G 8=F5G5?5B 'M,- G9H9@5<  <5F= A9@5?I?5B H9F5D= ,5HI G5AD5= 8I5 <5F= A9B>9@5B; <9AC8=5@=G=G 69F=?IHBM5 'M,- A9B;9@I5@5B= H9F5D= <9AC8=5@=G=G 8= +IA5< ,5?=H .AIA 59F5< +,. 8F,C98=F5B &5B;IB ,IA5FGC $56ID5H9B 0CBC;=F= ?G9G J5G?I@5F M5B; 8=;IB5?5B 'M,- 585@5< 5?G9G J5G?I@5F 6=5G5 ,55H =B= ?CB8=G= 'M,- GI85< AI@5= A9A65=? 85B H9F<=HIB; 85F= 5K5@ H5
0" -B,- 69FH9AD5H H=B;;5@ 8= IGIB $5>5F @9A69A )C?C< $=8I@ $56ID5H9B0CBC;=F=05K5B75F5?98I58=@5?I?5BD585<5F=&=B;;I  &9=  >5F5? 5BH5F5 D5FH=G=D5B 89B;5B D9B9@=H= 585@5<  A9H9F -B,A9B>5@5B=H9F5D=<9AC8=5@=G=GG9>5?H5B;;5@ ;IGHIG G9>5?G55H=HI -B,-A9B;5@5A=D9FI65<5BM5B;8F5GH=GD585?9<=8ID5BBM5



K5@ AI@5 D9BM5?=H ;5;5@ ;=B>5@ H=85? 8=F5G5?5B C@9< -B,- A9B;=B;5H G9@5A5 <=8IDBM5 -B,- H=85? D9FB5< A9B;5@5A= G5?=H M5B; G9D5F5< =B= ,969@IA -B,- G5?=H ;5;5@ ;=B>5@ -B,- 69FDFC:9G= G965;5= GID=FHFI?8=@I5F>5K5G9@5A5<5AD=FG9IAIF<=8IDBM5-B,-A9FID5?5B CF5B; M5B; A9ADIBM5= 65BM5? H9A5B H9F6I?H= D585 G55H -B,- G5?=H 65BM5?H9A5B P H9A5B -B,- M5B;HIFIHG=AD5H=85BDF=<5H=B)585 5K5@ G5?=HBM5 -B,- H=85? A9F5G5?5B <5@ M5B; ?<5G G965;5= D9B89F=H5 ;5;5@ ;=B>5@ +=K5M5H D9BM5?=H M5B; 8=89F=H5 -B,- M5=HI D9BM5?=H 8=569H9G A9@=HIG G9>5?  H5I;5 -B,- >5F5B; A9A9F=?G5?5B D9BM5?=HBM5 H9FG96IH ,9@5=B =HI -B,- >I;5 >5F5B; A9@5?I?5B 5?H=J=H5G C@55@ )585 5K5@ H9F89H9?G= D9BM5?=H 8=569H9G A9@=HIG 585@5< ?9H=?5 -B,- A9B75B;?I@ 8=69@5?5B; FIA5< 85B >5F= ?5?= H9F?9B5 75B;?I@ G9H9@5<  <5F= @I?5BM5 H5? ?IB>IB; G9A6I< 85B G9A5?=B A9B;<=H5A %5@I C@9< ?9@I5F;5 8=65K5 ?9 +IA5< ,5?=H F&C9K5F8= 8= +IA5< ,5?=H F&C9K5F8= -B,- 8=@5?I?5B 5ADIH5G=D585>5F= ?5?=?5B5B )585 G55H 8=F5K5H G9H=5D <5F=BM5 -B,- 8=@5?I?5B 79? ;I@5 85F5< C@9< D9F5K5H FI5B;5B ;I@5 85F5< G55H =HI A9B75D5= 

A; 8@ -B,A9F5G5 H=85? BM5A5B 8=F5K5H 8=FI5B;5B @5@I 89B;5B =B=G=5H=: G9B8=F= -B,-A9@5F=?5B8=F=IBHI?DI@5B;,9@5B; 6969F5D56I@5B>5F=?=F=-B,-



>I;5 H9F?9B5 75B;?I@ @I?5 H=85? ?IB>IB; G9A6I< 85B A9B>5@5F ?9 DIB;;IB; ?5?= G5AD5= ?9@=A5 >5F= ?5?= (@9< 8C?H9F IAIA -B,8=G5F5B?5BIBHI?5ADIH5G=G9@IFI<?5?=B5AIB-B,-85B?9@I5F;5H=85? G9HI>I -B,- 85B ?9@I5F;5 @5@I A9A65K5BM5 ?9 +IA5< ,5?=H &98=?5 &I@M58=+IA5<,5?=HH9FG96IH-B,-8=@5?I?5B5ADIH5G=D585G5HI>5F= ?5?=?=F=G9FH5>5F=B;5B P >5F=B;5BM5B;GI85<A5H=8=69FG=IH?5B C@9< =GHF= -B,-K5@8=5;BCG5-B,-A9F5G5?5B6585BM5B;H=85?9B5?G9@IFI< 6585BG9D9FH=69F=G=5=FB5AIBG55H=HI-B,-A5G=<A9@5?I?5B D9?9F>55B G9D9FH=6=5G5BM5-B,-H=85?@5B;GIB;8=65K5?9FIA5<G5?=HA9@5=B?5B A9@5?I?5B79?85F5<?9@56CF5HCF=IA)FC8=585B8=85D5H?5B<5G=@655 D585 G55H =HI-B,-A9F5G5?5B6585BBM5@9A5G85BH=85?A5ADIIBHI?69F5?H=J=H5G = +IA5< ,5?=H .AIA 59F5< +,. 8F,C98=F5B &5B;IB ,IA5FGC $56ID5H9B 0CBC;=F= -B,- 8=@5?I?5B D9A9F=?G55B D9BIB>5B; IBHI? A9AD9F>9@5G D9BM5?=HBM5 -B,- 8=8=5;BCG5 ;5;5@ ;=B>5@ -B,- >I;5 <5FIGA9B>5@5B=H9F5D=<9AC8=5@=G=G L85@5AG5HIA=B;;I&I@5=85F=G55H =HI?CB8=G=85B?95855B-B,-B5=?HIFIBH9F?585B;GH56=@ 85BH9F?585B;



H=85? GH56=@ ?5F9B5 ?CB8=G= 85B ?95855B H9FG96IH -B,- 69F?5@= P ?5@= ?9@I5FA5GI?FIA5<G5?=H89B;5BD9BM5?=HM5B;G5A5 $9<=8ID5B-B,-AI@5=69FI65<-B,-H=85?85D5H69?9F>5G9D9FH= 8I@I 85B H=85? 85D5H 69FGCG=5@=G5G= 89B;5B 6965G $96IHI<5B ?9I5B;5B ?9@I5F;5 -B,- >I;5 =?IH H9FD9B;5FI< -B,- GI85< H9F85:H5F G965;5= D9G9FH5>5A?9GA5GB5AIB-B,-<5FIGA9AD9FG=5D?5B6=5M5HF5BGDCFH5G= IBHI? A9B75D5= @5M5B5B ?9G9<5H5B ,9H=5D <5F=BM5 -B,- A9F5G5?5B 6585BBM5 @9A5G H=85? A5ADI IBHI? 69F?5H=J=H5G G9D9FH= 6=5G5BM5 6585B AI85<@9@5<85BH9F?585B;G9G5?B5:5G)5855K5@8=5;BCG5-B,-H=85? 85D5HA9B9F=A5?CB8=G=BM58=?5F9B5?5B;5;5@;=B>5@A9FID5?5BD9BM5?=H M5B;H=85?85D5H8=G9A6I5? G5?=H -B,A9B;9@I9@5B;<9AC8=5@=G=G-B,-G9@5@IA9F5G5?5B6585BBM5H=85?9B5?85B D=?=F5BH=85?H9B5B;B5AIBG9H9@5<<9AC8=5@=G=GG9@9G5=-B,-A9F5G5?5B 6585BBM5 9B5? 85D5H 6I5B; 5=F ?97=@ $ A9G?=DIB <5BM5 A9B9H9G -B,- =B;=B G9;9F5 G9A6I< 85F= G5?=HBM5 85B =B;=B ?9A65@= 69F5?H=J=H5G G9D9FH=855;5 75=F5BGID5M5G9=A65B;5BH5F5A5GI?5B85BD9B;9@I5F5B '5AIB -B,- H=85? D9FB5< H55H 8==H 85F= FIA5< G5?=H A=BIA H=85? D9FB5< D5HI< -B,- A=BIA G9<5F= A=B=A5@ 8I5 ;9@5G )585 G55H 5K5@ -B,- A9@5?I?5B H9F5D= <9AC8=5@=G=G -B,- A9F5G5?5B H=85? BM5A5B



89B;5B 5?G9G M5B; 8=;IB5?5B IBHI? <9AC8=5@=G=G -B,- G9@5@I A9F5G5 ?9G5?=H5BG9H9@5<<9AC8=5@=G=G?9AI8=5BC@9<D9F5K5HFI5B;5B8=G5F5B?5B IBHI? 8=@5?I?5B CD9F5G= D9A5G5B;5B ?G9G /5G?I@5F,
0"8=FIA5<'M,%M5B;69F5@5A5H8=IGIB,9A9B+H 

';IBHCFCB58=$56ID5H9B0CBC;=F=05K5B75F5?98I58=@5?I?5BD585 <5F=A=B;;I &9= DI?I@ 0">5F5?5BH5F5D5FH=G=D5B89B;5B D9B9@=H= 585@5< A9H9F$CB8=G=G55H8=@5?I?5BK5K5B75F5 M5B;D9FH5A5 585@5<'M,%G985B;85@5A?95855B?IF5B;65=?85BG9G5?B5:5G $CB8=G= D585 G55H K5K5B75F5 ?98I5 585@5< 'M,% 85@5A ?95855B M5B; @96=< G9<5H 85F=D585 K5K5B75F5 M5B; D9FH5A5 )9B8=8=?5B H9F5?<=F 'M,%585@5<H5A5H,9?C@5<5G5F,,969@IAG5?=H'M,%69FDFC:9G= G965;5= D9B>5;5 K5FIB; A=@=?BM5 M5B; 69F585 8=89?5H FIA5< 'M,% A9FID5?5BD5G=9BD9B89F=H5;5;5@;=B>5@?FCB=?G9>5? #I@= 'M,% A9A=@=?= F=K5M5H 85F5< H=B;;= G9>5? A5G=< 69FIG=5 AI85 #=?5 85F5< H=B;;=BM5 ?5A6I< 'M,% <5BM5 A9A69@= C65H P C65H5B K5FIB; 85B 5DCH9?'5AIBH9F?585B;>I;5A9A9F=?G5?5B?CB8=G=BM5?98C?H9FIAIA H9F89?5H



)585 5K5@ 8=5;BCG5 ;5;5@ ;=B>5@ 'M,% H=85? 69;=HI A9F5G5?5B H5B85 85B ;9>5@5 M5B; ?<5G <5BM5 G5>5 G9@5A5 69F6I@5B P 6I@5B 'M,% A9F5G5?5B6585BM5B;H=85?9B5?GI@=HH=8IF6585BH9F5G5D5B5G85BH=85? 85D5H69F;9F5?89B;5B6965G6585B69FI65<K5FB5A9B>58=<=H5A89B;5B =B=G=5H=:G9B8=F='M,%A9@5?I?5B79?85F5<?9@56CF5HCF=IA)585G55H=HI 8C?H9F A9B8=5;BCG5 6555B ,9H9@5<6969F5D5?5@=A9@5?I?5B79?85F5<?CB8=G='M,%H=85??IB>IB; A9A65=? -9F5D= P H9F5D= @5=B >I;5 8=@5?I?5B C@9< 'M,% 8=5BH5F5BM5 H9F5D=5@H9FB5H=:85B8I?IBD585G55H=HI?CB8=G='M,%<5AD=FDIHIG5G5 @5@I'M,%A9@5?I?5B79?85F5<M5B;?9G9?=5B?5@=BM5IBHI?A9A5GH=?5B ?CB8=G=BM5 (@9<8C?H9FG9@5B>IHBM5'M,%8=8=5;BCG5;5;5@;=B>5@'M,%@5@I 8=65K5 ?9FIA5< G5?=H C@9< ?9@I5F;5BM5 IBHI? A9B85D5H?5B D9B;C65H5B 'M,%8=65K5?9+IA5<,5?=HF&C9K5F8=,IF5?5FH5IBHI?A9@5?I?5B F5K5H =B5D M5B; D9FH5A5 +5K5H =B5D M5B; D9FH5A5 G9@5A5  <5F= = +IA5< ,5?=H F&C9K5F8= ,IF5?5FH5 'M,% 8=@5?I?5B D9A9F=?G55B P D9A9F=?G55B D9BIB>5B; @5=BBM5 IBHI? A9A69B5F?5B 8=5;BCG5 ,9H9@5< 8=8=5;BCG5 ;5;5@ ;=B>5@ 'M,% H=85? @5B;GIB; 8=@5?I?5B 7I7= 85F5< 'M,% G9@5@I A9F5G5 H=85? BM5A5B ?9H=?5 8=FIA5< G5?=H G9H=5D ?5@= 8=69F=?5BC65HG9@5@IA9F5G5D9FIHG965<85B?9A6IB;D9FB5:5G5BH9F5G5 G9G5??5?=85B6585BH9F5G5D5B5GH=85?BM5A5B85B?9@I5F?9F=B;5H 'M,% A9B;<9B85?= IBHI? DI@5B; ?9 FIA5< ?9AI8=5B C@9< ?9@I5F;5'M,%8=65K5DI@5B;$CB8=G='M,%H=85?@96=<65=?85BA5G=<



G5A5 G9D9FH= G969@IABM5 'M,% A9B;<9B85?= IBHI? 8=@5?I?5B D9A9F=?G55B ?9 8C?H9F @5=BBM5 C@9< 8C?H9F H9FG96IH 'M,% <5FIG A9@5?I?5B?IF9H5G9H5GG5F5B8C?H9F'M,%A9@5?I?5B?IF9H5G9,9H9@5< ?IF9H5G9 ?CB8=G= 'M,% H=85? ?IB>IB; G9A6I< ?CB8=G= H=85? A9A65=? 85BA5G=<G5A589B;5B?CB8=G=G9AI@5 .BHI? M5B; ?98I5 ?5@=BM5 'M,% 8=65K5 ?9FIA5< G5?=H 'M,% 8=65K5 ?9 +IA5< ,5?=H .AIA 59F5< +,. 8F,C98=F5B &5B;IB ,IA5FGC $56ID5H9B 0CBC;=F= ?5F9B5 ?CB8=G= ?9A65@= 8FCD 85B A9A6IFI? G9H9@5< A9@=<5H <5G=@ @56CF5HCF=IA 85B D9A9F=?G55B P D9A9F=?G55B @5=BBM5 M5B; H9@5< 8=@5?I?5B C@9< 'M,% G9FH5 A9@=<5H ?CB8=G=85B;9>5@5 P ;9>5@5'M,%(@9<8C?H9F 'M,%8=G5F5B?5BIBHI? 8=@5?I?5B H9F5D= <9AC8=5@=G=G <9AC8=5@=G=G D9FH5A5 ?5@= 8=@5?I?5B 8= +IA5< ,5?=H .AIA 59F5< +,. 8F,C98=F5B &5B;IB ,IA5FGC $56ID5H9B 0CBC;=F= A9B;=B;5H 5?G9G M5B; AI85< 8=75D5= 85B H=85? H9F@5@I>5I< )5855K5@BM5'M,%A9@5?I?5B7I7=85F5< L85@5AG9A=B;;IG55H =HI ?CB8=G= 'M,% A9F5G5 ?IF5B; 65=? D9FIH G965< ?5?= 69B;?5? 85B G969@IA H=65 K5?HI IBHI? <9AC8=5@=G=G ! G9@5B>IHBM5 GI85< A9F5G5 6585BH=85?9B5?85B?5?I?9AI8=5B'M,%A9A=BH5IBHI?8=H5A65<>5A <9AC8=5@=G=G!'M,%A9F5G5585D9F69855B5BH5F5<9AC8=5@=G=G! L 85@5A G9A=B;;I 89B;5B L 85@5A G9A=B;;I ?5?= A9B>58= H=85? 69B;?5? 85B 6585B H9F5G5 BM5A5B 'M,% A9F5G5 A9BM9G5@ 89B;5B



D9BM5?=H M5B; G9?5F5B; G985B; 8=89F=H5BM5 B5AIB G55H =B= GI85< 6=G5 A9B9F=A5?CB8=G=BM589B;5B=?<@5G85BG565F )585 5K5@ 8=5;BCG5 D9BM5?=H ;5;5@ ;=B>5@ 'M,% H=85? D9FB5< A9A5HI<= 8==HBM5 $9H=?5 'M,% H=85? A9A5HI<= 8==H A5?5 ?CB8=G= 6585BBM55?5B8FCDG9G5?B5:5G85BH=85?6=G5H=8IFBM9BM5?'M,%>I;5 H=85? D9FB5< A9B89B;5F B5G9<5H 85F= GI5A= 85B 5B5? P 5B5?BM5 B5AIB G9H9@5< G9?=5B @5A5 <5FIG A9B;=85D D9BM5?=H ;5;5@ ;=B>5@ 85B <5FIG A9B>5@5B= H9F5D= <9AC8=5@=G=G 85B 9:9? M5B; 8=H=A6I@?5B 5?=65H H=85? A9BH55H=8==H'M,%AI@5=A9FI65<?96=5G55BBM5M5B;?IF5B;65=? 'M,%AI@5=A9BH55H=8==HG98=?=H89A=G98=?=H<=B;;5G55H=B='M,% GI85< 6=G5 A9B9F=A5 ?CB8=G=BM5 85B A9BH55H= 8==H H9FIH5A5 A=BIA $9@I<5BM5B;8=IB;?5D?5B'M,%585@5<H=85?DI5G85@5A6I5B;5=F?97=@ $6I5B;5=F?97=@$<5BM5D5;=<5F=G5>585BA9B9H9GG9@5=B=HI 'M,% G9@5@I H=85? 6=G5 H=8IF D585 A5@5A <5F= ?5F9B5 A9F5G5?5B ?5?= M5B;H9F5G5D9;5@ P D9;5@'M,%H=85?A5ADI85@5AA9@5?I?5B5?H=J=H5G G9<5F= P <5F=6585BG9@5@IH9F5G575D9?85B@9A5<G9FH5?CB8=G=M5B;H=85? G9D9FH=8555B G965;5= D9B>5;5 K5FIB; 8=?5F9B5?5B ?CB8=G= M5B; H=85? A9AIB;?=B?5B 'M,% <5BM5 6=G5 D5GF5< 85B 69FG565F 'M,% D9F75M5 655? <5FIG A9@5?I?5B H9F5D=



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

 0" 8=FIA5< -B,  M5B; 69F5@5A5H 8= $@9DI $5F5B;5BCA CBCFC>C)57=H5B#5K5-=AIF05K5B75F58=@5?I?5BG9@5A5?IF5B;@96=< >5A>5F5?D5FH=G=D5B89B;5BD9B9@=H=585@5< A9H9F -B,  A9A=@=?= F=K5M5H <=D9FH9BG= G9>5? A5G=< AI85 85B 5K5@ P 5K5@ D9FB=?5<5B ,9@5=B =HI -B,  G9@5@I A9B?CBGIAG= A=BIA5B P A=BIA5B 69F9B9F;= G9@5A5 ?IF5B; @96=< H=;5 H55B; ?9G9<5H5BBM5A9B;=B;5H-B, 69?9F>5G965;5=D9?9F>5D56F=?M5B;G9@5@I 8=HIBHIHIBHI?69?9F>5@96=<?9F5G)5855K5@D9BM5?=H;5;5@;=B>5@-B, G9F=B;AIBH5<>=?5?9@9@5<5BB5AIBG9H9@5<AIBH5<-B, A9F5G56585B A9A65=?!5@=B=H=85?D9FB5<8=D9F=?G5?5B85B<5BM58=5B;;5DD9BM5?=H G9D9@9-B, >I;5G9F=B;?9@I5F?9F=B;5H8=B;=B!5@=HI8=6=5F?5B69;=HI G5>585BH=85?D9FB5<8=F5G5G965;5=D9BM5?=HM5B;G9F=IG



$9AI8=5B -B,  A9F5G5?5B 6585B M5B; 69;=HI @9A5G 85B H=85? A5ADI 69F5?H=J=H5G -B,  A9AIHIG?5B IBHI? DI@5B; ?9 ?5ADIB; <5@5A5B 85B 69F<9BH= 69?9F>5 -B,  H=85? A9B;5@5A= D9BIFIB5B ?9G585F5B B5AIB H9H5D <5FIG 8=@5?I?5B D9A9F=?G55B D9BIB>5B; )9A9F=?G55B D9BIB>5B; 8=@5?I?5B 85B 8=85D5H?5B <5G=@ 655@ G9@5B>IHBM5 -B,  >I;5 <5FIG A9B>5@5B= H9F5D= <9AC8=5@=G=G L85@5AG9A=B;;I -B, A9B>5@5B=D9F5K5H5B8=+IA5<,5?=H.AIA59F5<+,. 8F,C98=F5B &5B;IB ,IA5FGC $56ID5H9B 0CBC;=F= G9@5A5 ?IF5B; @96=<  <5F= ?9AI8=5B G9H9@5< A9A65=? -B,  8=65K5 DI@5B; C@9< ?9@I5F;5BM5 $CB8=G= D585 G55H K5K5B75F5 -B,  85@5A ?95855B M5B; G985B; GH56=@ 85B H=85? G9G5? B5:5G -B,  5?5B A9F5G5 G9G5? B5:5G 85B @9@5<>=?58I8I?M5B;H9F@5@I@5A5,9A9B>5?H9F?9B5;5;5@;=B>5@-B, <5FIG FIH=B A9@5?I?5B <9AC8=5@=G=G ?G9G M5B; H9F@5@I >5I< A9A6I5H -B,  A9F5G5 79D5H @9@5< >=?5 =B;=B <9AC8=5@=G=G -B,  A9B;5@5A= D9FI65<5B 85@5A 5?H=J=H5G A9F5G5 79D5H @9@5< 75D9? >=?5 5?H=J=H5G M5B; H9F@5@I69F5H ?=65H 85F= ;5;5@ ;=B>5@ -B,  ?9<=@5B;5B D9?9F>55BBM5 G965;5= D9?9F>5D56F=?8=#5?5FH5M5B;A9FID5?5BGIA69FD9B;<5G=@5BG9@5A5=B= ,9A9B>5? -B,  <5FIG DI@5B; 85F= >5?5FH5 85B A9B>5@5B= H9F5D= <9AC8=5@=G=G -B'  A9B>5@5B= <5F= P <5F=BM5 8=FIA5< CF5B; HI5 -B, >I;5 A9B;9@I


85@5AG5HIA=B;;I-B, H=85?D9FB5<A9@5?I?5BF9?F95G=?9@I5FFIA5< 89B;5B?9@I5F;5A9B;=B;5H?CB8=G=M5B;H=85?A9AIB;?=B?5B $9@I<5B @5=B M5B; 8=IB;?5D?5B C@9< -B,  M5=HI A9B;9@I=?5 ?CB8=G=BM5 G985B; 65=? 85B H=85? G9G5? B5:5G B5AIB >=?5 ?CB8=G=BM5H=85?65=?A5?5-B, H=85?85D5HH=8IF89B;5BBM9BM5?85B G9@5@I H9F65B;IB #=?5 H9F65B;IB 8= A5@5A <5F= 5?H=J=H5G M5B; 8=@5?I?5B -B,  585@5< 69F8C5 85B D5GF5< ?9D585 -I<5B -B,  A9F5G5 H=85? D9FB5< A9@5?I?5B 8CG5 69G5F B5AIB G9@5@I 69FH5BM5 P H5BM5 A9B;5D5 8=F=BM5M5B;8=69F=?5BG5?=HG5AD5=G9D9FH==B=G9<=B;;5A9A6I5H-B, G9@5@IG565F89B;5B?CB8=G=BM5 )585 5K5@ 8=5;BCG5 -B,  H=85? 85D5H A9B9F=A5 ?95855BBM5 85B G9@5@IA9BM5@5I;5 G9AD5H DIHIG 5G5 89B;5B D9B;C65H5B M5B; 8=>5@5B= ?5F9B5 H=85? D9FB5< 585 <5G=@BM5 5BM5? D9B;C65H5B 5@H9FB5H=: M5B; H9@5< 8==?IH=BM5 B5AIB ?CB8=G=BM5H=85?A9A65=?85BH=85?585D9FI65<5B,55H=B=-B, GI85< AI@5=A9B9F=A5?CB8=G=BM585B<5BM5D5GF5<?9D585M5B;8=5H5G69F<5F5D 6=G5G9A6I<85F=D9BM5?=HBM5 -B,  A9B;5?I A9B;5@5A= ;5B;;I5B 85@5A 69FGCG=5@=G5G= 89B;5B CF5B; @5=B G9<=B;;5 85@5A ?9G9<5F=5BBM5 -B,  >5F5B; ?9@5IF FIA5< -B,  >I;5 A9F5G5 A5@I 89B;5B CF5B; M5B; 69@IA 8=?9B5@BM5 ,55H =B= -B,  G985B; A9B>5@5B= H9F5D= <9AC8=5@=G=G 89B;5B :F9?I9BG= L 85@5A



G9A=B;;I 8= IB=H <9AC8=5@=G=G +IA5< ,5?=H .AIA 59F5< +,. 8F,C98=F5B&5B;IB,IA5FGC$56ID5H9B0CBC;=F=    !*:<2;29*7'!  -B,( IAIF   H55<=H 585@5< D5FH=G=D5B H9F5?<=F M5B; 8=@5?I?5B K5K5B75F5 05K5B75F5 D9FH5A5 8=@5?I?5B D585 H5B;;5@  96FI5F=  DI?I@ 

 0" 8=FIA5< -B,( M5B; 69F@5A5H 8= 9G5 5A6=F5BCA 5HIF9HBC 0CBC;=F= #5F5? D5FH=G=D5B 89B;5B D9B9@=H= 585@5<  A9H9F 05K5B75F5 ?98I5 8=@5?I?5B D585<5F=,56HI &9= DI?I@  0"-B,(A9FID5?5BD5G=9B D9B89F=H5;5;5@;=B>5@?FCB=?G9>5?5;IGHIG  -B,( A9A=@=?= F=K5M5H 85F5< H=B;;= G9>5? A5G=< AI85 G9@5=B =HI -B,( >I;5 A9A=@=?= F=K5M5H D9BM5?=H GHFC?9 #=?5 -B,( A9F5G5?5B 6585BM5B;?IF5B;9B5??9D5@5DIG=B;85B85F5<H=B;;=BM5?5A6I<A5?5 -B,(5?5BA9A65K58=F=BM5?98C?H9FIAIA5F955HIF9HBC-=85?585 H=B85?5B ?5 ?9F5G H9F6I?H= 89B;5B65BM5?BM5CF89F5B>5<=H5BM5B;A9A6I5H-B,(G9@5@I69;585B; G9H=5D<5F=BM5,9@5=B<5@H9FG96IH-B,(>I;5G9F=B;A9B5<5B6I5B;5=F ?97=@$G9H=5D?5@=-B,(A9F5G5=B;=B6I5B;5=F?97=@$G9@5@I 8=H5<5BH9F@96=<855@5 M5B; 8=?9H55@ M5B; 8=89F=H5 -B,( -B,( A9F5G5 G9F=B; ?9@9@5<5B 85B



6585B H=85? @5;= G9?I5H 85I;5 H=85? ?I5H @5;= IBHI? A9B;9F>5?5BD9?9F>55B M5B;?5G5F P ?5G5F?H=J=H5G-B,(GI85<AI@5= A9B;5@5A= D9BIFIB5B 85B 9B9F;= H=85? G9?I5H 8I@I ;9>5@5 P ;9>5@5 AI5@ AIBH5< >I;5 G9F=B; 8=F5G5?5B -B,( B5AIB <5@ H9FG96IH H=85? D9FB5< 8=F5G5G965;5=D9BM5?=HM5B;D5F5< K5@ G5?=H D585 6I@5B DI5G5 H55@ ?9AI8=5B C@9< ?9@I5F;5 8=G5F5B?5B IBHI? A9@5?I?5B 79? 85F5< ?9 @56CF5HCF=IA )F5A9GH= !5G=@ 79? @56 H9FG96IH 8=65K5 ?9 8C?H9F IAIA C@9< 8C?H9F IAIA -B,( <5BM5 8=G5F5B?5B IBHI?=GH=F5<5HG9H9@5<6969F5D5<5F==GH=F5<5H?CB8=G=-B,(H=85??IB>IB; G9A6I<@5@I-B,(A9A9F=?G5?5B8=F=BM5?9+IA5<,5?=H.AIA59F5< +,. 8F,C98=F5B &5B;IB ,IA5FGC $56ID5H9B 0CBC;=F= B=5H <5BM5 IBHI? D9F=?G5 B5AIB -B,( 8=5B>IF?5B IBHI? F5K5H =B5D ?9AI8=5B -B,(A9BIB>I??5B<5G=@@56CF5HCF=IAM5B;H9@5<8=@5?I?5BBM5 ,9H9@5< 6969F5D5 G55H 8=F5K5H 8= +IA5< ,5?=H .AIA 59F5< +,. 8F,C98=F5B &5B;IB ,IA5FGC $56ID5H9B 0CBC;=F= 8=7IF=;5= -B,( A9B;=85D ;5;5@ ;=B>5@ G9@5A5  <5F= -B,( 8=F5K5H 8= +IA5< ,5?=H .AIA 59F5< +,. 8F,C98=F5B &5B;IB ,IA5FGC $56ID5H9B 0CBC;=F= -B,( H=85? A9B;5@5A= D9BIFIB5B ?9G585F5B B5AIB <5FIG A9F5G5?5B 6585B M5B; @9A5G H=85? ?I5H IBHI? 5?H=J=H5G A5?5B 85B A=BIA H=85? 9B5? 85B F5G5BM5 G9D9FH= A9@5M5B; P @5M5B; &9F5G5?5B



6585B M5B; H9F@5@I D5B5G -B,( 8=G5F5B?5B IBHI? A9@5?I?5B <9ACG8=5@=G=G8=+IA5<,5?=H.AIA59F5<+,.0CBC;=F= L85@5A G5HIA=B;;I9B;5B5@5G5B=B;=BA9B85D5H?5B?9G9<5H5BG9D9FH=85I5B 8=@5?I?5B H=B85?5B <9AC8=5@=G=G ,9H9@5< ?CB8=G= A9A65=? -B,( 8=D9F6C@95@5B= <9AC8=5@=G=G L 85@5A G5HI A=B;;I ?CB8=G= -B,( H=85? A9BIB>I??5B D9F65=?5B G9@5@I A9F5G5 6585B H=85? 9B5? 6585BD5B5G85BD9FIHG9G5?G969@IAH=65K5?HI<9AC8=5@=G=GG9@5B>IHBM5 @5@I C@9< 8C?H9F 8=G5F5B?5B IBHI? <9AC8=5@=G=G L 85@5A G9A=B;;I ,9A9B>5? 8=8=5;BCG5 ;5;5@ ;=B>5@ 85B <5FIG A9B5>5@5B= <9AC8=5@=G=G ?9<=8ID5B -B,( <5FIG 69FI65< HCH5@ -B,( ?9<=@5B;5B D9?9F>55B G965;5=D9BCD5B;<=8IDBM5 $9@I<5BM5B;8=F5G5?5B-B,(585@5<H=85?6=G569F5?H=J=H5GG9D9FH= 85585BH=85? A5ADIIBHI? 69FGCG=5@=G5G=89B;5BCF5B;@5=BI?IB;5BM5B;8=@5?I?5B =GHF= -B,( 585@5< G9@5@I A9A69F=?5B ACH=J5G= ?9D585 -B,( 65=?55B5? P 5B5?BM5H=85?D9FB5<A9A69F=?5BD9F<5H=5B-B,(G9@5@I=B;=B A9B85D5H 8I?IB;5B 85B D9F<5H=5B 85F= CF5B; P CF5B; H9F89?5HBM5 )585 5K5@ G5?=HBM5 85B 65BM5? A9B;5@5A= D9FI65<5B -B,( A9F5G5 A5@I 85B A9F5G5H=85?69F;IB5



-B,( H=85? D9F75M5 >=?5 <5FIG G5?=H ;5;5@ ;=B>5@ 85B <5FIG <9AC8=5@=G=GG9IAIF<=8IDBM5-B,(A9F5G5H=85?69F;IB565;==GHF=85B 5B5? P 5B5?BM5 H9F@96=< @5;= -B,( G965;5= ?9D5@5 ?9@I5F;5 ,55H G5?=H -B,( >5F5B; A9@5?I?5B =6585< G5@5B=BM5B5AIB<5@=HIA5G=<6=G58=5H5G=C@9<?9@I5F;5 -=B85?5B <9AC8=5@=G=G G9D9BI5A?9GA5G G9<=B;;5 -B,( <5BM5 6IHI< 6=5M5 IBHI? HF5BGDCFH5G= !9AC8=5@=G=G D9FH5A5?5@=8=@5?I?5BC@9<-B,(585@5<D585G55H<5F=D9FH5A5@965F5B H55@ -B,( A9BM5H5?5B ?IF5B; A9B85D5H =B:CFA5G= 85F= D9HI;5G ?9G9<5H5B A9B;9B5= D9BM5?=HBM5 -B,( G9@5@I =B;=B A9B85D5H?5B =B:CFA5G= ?


G55H =B= <5BM5 69@5>5F 85F= D9B;5@5A= 8=F=BM5 G9B8=F= #=?5 -B,( 65BM5? A=BIA A5?5 -B,( H=85? BM5A5B 5?5B A9F5G5 G9G5? B5:5G 85B D9FIH D9BI< '5AIB >=?5 -B,( A9A65H5G= 75=F5B M5B; A5GI? 6585B 5?5B H9F5G59B5?85B@96=<65=? $CB8=G= -B,( G9A5?=B A96IFI? 8=H5A65< 89B;5B D9BM5?=H GHFC?9BM5 -B,( H=85? A5ADI A9@5?I?5B HC=@9H=B; 89B;5B A5B8=F= HC=@9H=B;8=65BHIC@9<?9@I5F;5-B,(A9B;9@I=?5 >5HI< 85B 5?5B A9AD9F6IFI? ?CB8=G=BM5 -B,( >I;5 A9B;9@I9@5B; <9AC8=5@=G=G -B,( 5?5B A9F5G5 ;9@=G5< 85B =B;=B 79D5H A9B>9@5B; D5;= @5@I 69F5B;?5H ?9 +IA5< ,5?=H .AIA 59F5< +,. 8F,C98=F5B &5B;IB,IA5FGC$56ID5H9B0CBC;=F= $CB8=G= -B,( 5?5B A9A65=? @5;= G9@5B; 6969F5D5 >5A G9H9@5< <9AC8=5@=G=G8=@5?I?5B?5F9B5A9BIFIH-B,(G9@IFI<?CHCF5B85BF57IB 8=85@5A 85F5< GI85< 8=?9@I5F?5B D585 G55H <9AC8=5@G=G )585 G55H <9AC8=5@=G=G69F@5B;GIB;-B,(G9@5@IA9F5G5?5B6585B@9A5G 85B=B;=B AIBH5< <9AC8=5@=G=G 8=@5?I?5B G9@5A5 ?IF5B; @96=<  P  >5A -B,( GI85< 85D5H A9B9F=A5 ?CB8=G=BM5 89B;5B 69FG9F5< ?9D585 M5B; 8=5H5G ,55H8=@5?I?5BK5K5B75F5?CB8=G=-B,(G985B;A9A65=?B5AIB<5BM5 A9F5G5?5B G98=?=H G9G5? B5:5G >=?5 -B,( H9F@5@I @5A5 69F6=B75B; P 6=B75B; A5?5 5?5B A9F5G5?5B G9G5? B5:5G G9<=B;;5 K5K5B75F5 A9BM9GI5=?5B89B;5B?CB8=G=-B,(



05K5B75F5 69F@5B;GIB; G9@5A5 ?IF5B; @96=<  >5A -B,( G5B;5H 5BHIG=5G8=@5?I?5BK5K5B75F5C@9<D9B9@=H=85B69FG98=5A9B5B85H5B;5B= GIF5HD9FG9HI>I5BA9B>58=D5FH=G=D5B

 $!% 5@5A 5B5@=G5 H9A5H=? 5?5B 8=>9@5G?5B A9B;9B5= H9A5 M5B; H9@5< 8=85D5H 85B H9@5< H9F=89BH=:=?5G= 85F= <5G=@ K5K5B75F5 -9A5 P H9A5 M5B; H9@5< 8=<5G=@?5B H9FG96IH A9B;57I D585 H9A5 8=A9BG= :=G=? 8=A9BG= DG=?C@C;=G 8=A9BG= 5@?FCB=? M5B; A9B>5@5B= H9F5D= <9AC8=5@=G=G M5B; H9@5< 8=@5?I?5B 85B 8=>5@5B= C@9< D5FH=G=D5B85@5A?9<=8ID5BG9<5F= P <5F=-9A5 P H9A585BA5?B5 P A5?B5 M5B; H9@5< 8=<5G=@?5B 5?5B G5@=B; 69F9@5G5BA9B;9B5=A5G=B; P A5G=B;H9A585F=9AD5HA575A 8=A9BG=?I5@=GH5G<=8ID   %.6*-*:2-26.7;2/2;24 -9A5 P H9A5 M5B; H9@5<  8=<5G=@?5B 85F= 8=A9BG= :=G=?  585@5<   ?9@9A5<5B:=G=? G9G5?B5:5G I5B;5=F?97=@$H=85?@5AD=5G ?I@=H<=H5A?I5@=H5GH=8IF85BD9FI65<5BDC@5BIHF=G=-9A5=B= 8=85D5H?5B85F=5B5@=G5H9F<585D?5H9;CF= P ?5H9;CF=M5B;8=85D5H85F=



IB;?5D5B ?9G9@IFI<5B 85F= D5FH=G=D5B 9F=?IH D9B>9@5G5B A9B;9B5= 6969F5D5H9A5H9FG96IH  $9@9A5<5B:=G=? $9@9A5<5B:=G=?8=F5G5?5BC@9<G9@IFI<D5FH=G=D5BG965;5=5?=65H 85F= 75D9? 85B D9BIFIB5B 5?H=J=H5G 5?=65H 85F= <9AC8=5@=G=G M5B; 8=>5@5B=BM5 $9@9A5<5B :=G=? A9@=DIH=   ;5B;;I5B 5?H=J=H5G  D9A65H5G5B9B9F;= H=85?DI5G5?H=J=H5G;5B;;I5BAC6=@=H5G85B ?9<=@5B;5BD9?9F>55B 9F=?IH IB;?5D5B 85F= D5FH=G=D5B A9B;9B5= ?9@9A5<5B :=G=? 85B ;5B;;I5B5?H=J=H5G C7(: 5@(4)<; +(4,3 2,:,3 +<+<2 3(4( 5..0/ 2,:,3 :,:,2 4)6;,5:(.,;(2;0=0;(:D )  C2(3(<<5;<2(2;0=0;(:1(3(5@(:(20;:(@(0;<2(3(<4(<1(3(5 3(4(1(+05@(2,:,3D )  C4,5*<*0;,93(3<),9(;2(3(<<5;<21(3(5:<2(3,3(/D )

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



+(5 405<4 1<.( +0)(;(:0 2(3(< <5;<2 1(3(5 .0;<7<5 :<+(/ 3,3(/:,7,9;0 2(3(< 5@(7< :,),5;(9 :(@( :<+(/ *(7,2 +<+<2 3(4( 1<.( *(7,2 )<(; 4(5+0 :(1( 2(+(5. *(7,2 4)(2 (7( 3(.0 )<(; 1<(3(5 :,7,9;0 +<3< @
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

 C5..(2 7<(: @( 1,3(: 5..(2 7<(: 4)(2 (< .04(5( 3(.0 (3(< :(@( (2;0=0;(: ),9(; :,905. *(7,2 (< 5.(7( B 5.(7(05 +0702092(5+<3<&(5..(27<(:D )  C;0+(2+<3<)0:(262:,2(9(5.;0+(2D )  9F=?IHIB;?5D5BD5FH=G=D5BM5B;A9B;5@5A=;5B;;I5BAC6=@=H5G5H5I D9FD=B85<5B8=?5F9B5?5B?9H=85?A5ADI5BIBHI?AC6=@=H5G C5(4<5. :,)(;(:  :(1( 4)(2 :(@( 7,9.02<3( 4)6;,5 4)(2 2,9<4(/ :(<+(9( /(9<: :0(7 B :0(7 3,)0/ (>(32(3(< 4,9(:( ;(2<;<5;<2),7,9.0(5502<4)6;,54)(25(4<5.4(3<



4(3<5@( 7,9<;5@( .,+/,0@( 4)(22(9,5( 4(3< 7,9<;5@( .,+/,S)  R:(@( 0;< 2(3(< 4(< 7,9.0 2(205@( ),9(; 1(+0 5..(2 7,95(//(5@( >(2;<  @( 2(+(5. +09,5*(5(2(5 2(+(5. ;0+(2:<+(/5+(2 7,95(/:,2(9(5.5+(27,95(/3(.0!(@(5+(2 ;(2<;<5;<27,9.0D )  R5..0/ (+( 9(:(5@( *(7,2 2(3(< 4(< 7,9.0 /(9<: +09,5*(5(2(5 +<3<5..(2 4)(2 ;(70 :(@( :<+(/ 5..(2 4(< 7,9.02,4(5(  4(5(D )

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



8=@5?I?5B C@9< D5FH=G=D5B D585 G9H=5D <5F=BM5 !5@ H9FG96IH 5?5B 69F85AD5?H9F<585DAC6=@=H5G85BD9?9F>55B )5FH=G=D5B A9B;5@5A= ;5B;;I5B AC6=@=H5G 8=5?=65H?5B ?5F9B5 :=G=? M5B; H=85? A9B8I?IB; 85B H=85? A9AIB;?=B?5B $9G9@IFI<5B D5FH=G=D5B A9B;IB;?5D?5B 655@ 85B <5FIG A9B>5@5B= H9F5D= <9AC8=5@=G=G M5B; A9A6I5H D5FH=G=D5B A9F5G5?5B@9A5<IBHI?5?H=J=H5G$9@9A5<5B:=G=?8=F5G5?5BD585G55H IBHI? 69?9F>5 69F5H 69F>5@5B @5A5 85B IBHI? 5?H=J=H5G M5B; 69F5H G9D9FH=A9B7I7=85BA9BM5DI ?=65H 85F= ?9@9A5<5B :=G=? M5B; 8=F5G5?5B ?9G9@IFI<5B 85F= D5FH=G=D5B 5?5B A9F5G5 75D9? 85B ?IF5B; H9B5;5 $9G9@IFI<5B 85F= D5FH=G=D5B H=85? A5ADI IBHI? 69F5?H=J=H5G 89B;5B A5?G=A5@ 85B A9F5G5 A9ADIBM5= 9B9F;= M5B; H9F65H5G 9B;5B ?5H5 @5=B ?9G9@IFI<5B85F=D5FH=G=D5B5?5BA9@5?I?5BD9A65H5G5B9B9F;=G9H=5D <5F=BM5 969F5D5 D5FH=G=D5B A9B;IB;?5D?5B 655@5B=A9G?=DIB<5FIG89B;5BD9FI65<5BM5B; G5B;5H 69F6985 89B;5B ?95855B G9<5H '5AIB D5FH=G=D5B @5=B >I;5 A9B;IB;?5D?5B 655@5B= 89B;5B ?CB8=G=BM5 G55H =B=



 ,9G5?B5:5G 5B;;I5B DC@5 B5:5G M5=HI G9G5? B5:5G 8=H9AI?5B D585 D9B9@=H=5B=B=9F=?IHIB;?5D5B85F=D5FH=G=D5BA9B;9B5=G9G5?B5:5G R2(3(<)(5@(22(+(5.:,:,2 9(:(5@(7,5
 R9(:(5@( @( 1,3(: 5..(2 ,5(2.04(5( @( 9(:(5@( :,:,2 2(3(< 2,)(5@(2(5405<4D )  R502< 2,3I;5 8=F5G5?5B C@9< G5HI D5FH=G=D5B D585 G55H 5?H=J=H5G M5B; 69F@96=< ?=65H85F=G9G5?B5:5GH9FG96IHD5FH=G=D5B5?5BA9B;5@5A=;5B;;I5B D585 G55H H=8IF A5@5A M5B; A9B;5?=65H?5B D5FH=G=D5B H9FG96IH H=85? 85D5H H=8IF ?9A65@= 85B 5?<=FBM5 H=8IFBM5 5?5B ?IF5B; ,9@5=B ;5B;;I5BH=8IFG9G5?B5:5G>I;55?5B69F5?=65HD5FH=G=D5BH=85?85D5H A9@5?I?5B5?H=J=H5GM5B;69F5H P 69F5H

 I5B;5=F?97=@$H=85?@5AD=5G 5B;;I5B 9@=A=B5G= $ 8=IB;?5D?5B C@9< ?9@=A5 85F= D5FH=G=D5B 85B A9FID5?5B A5G5@5< M5B; H9F>58= D585 D5FH=G=D5B 9F=?IHIB;?5D5B85F=?9@=A5D5FH=G=D5BA9B;9B5=$H=85?@5AD=5G  C5..(2)0:(7<(:D )  C:0(5.+(5:69,*<4(;,:  ;,::(1("0+(27<(:D) 



R5..(2 )0:( 4)(2 @( 2,3<(95@( +,5.(5 +0*<*0 0;< 4)(2D )

 R7(.0/(90/(5@(:,+020;5,;,::(1(S)  R9(:(5@( (5@(5. B (5@(5.(5 4)(2 :(20; 070:5@( :,+020;S )  $9G9@IFI<5B85F=D5FH=G=D5BA9B;5H5?5B655I<@96=<G98=?=H85F=D585G969@IAG5?=H;5;5@;=B>5@  $I@=H<=H5A )9FI65<5BD585?I@=HM5B;A9B>58=<=H5A8=IB;?5D?5BC@9<8I5 D5FH=G=D5B)9FI65<5BK5FB5?I@=HH9FG96IHA9B>58=<=H5A69FG=G=?85B ;5H5@ P ;5H5@ 9F=?IH IB;?5D5B 85F= 8I5 D5FH=G=D5B A9B;9B5= D9FI65<5BK5FB5?I@=H C4(< 2,;,4< :(4( 69(5. 3(05 (1( :<:(/ 4(:(3(/5@( 4(3< 262 (2< +(+0 2(@( 5.,5, 9<7(2< 2<30; /0;(4 +(5 2<9<:S )  R4(3< +,5.(5 265+0:0 /0;(4 2<9<:DC+<3< 2(5 :,.,9 5..(20;,4S)  &9BIFIH 8I5 D5FH=G=D5B D9FI65<5B H9FG96IH 8=?5F9B5?5B DFCG9G <9AC8=5@=G=G M5B; 8=@5?I?5B L 85@5A G9A=B;;I 89B;5B A9B;;IB5?5B 75=F5B ?=A=5 M5B; 8=A5GI??5B ?9 85@5A HI6I< "HI@5< M5B;A9B;5?=65H?5B?I@=HA9B;5@5A=D9FI65<5BK5FB5A9B>58=<=H5A 85B 69FG=G=? G9FH5 ;5H5@ P ;5H5@ )9FI65<5B ?I@=H H9FG96IH A9B>58=?5B D5FH=G=D5BA5@IIBHI?A9@5?I?5B5?H=J=H5GG9D9FH=85


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

 R2(+(5. *<2<7 2(+(5. ,5..(2 :6(35@( ;0+<95@( 1<.( :<:(/ 2(3(< 5..(2 )0:( ;0+<9 @( 0:;09(/(;5@( 5..(2 )(5@(2 ..(2 ,5(29(:(5@()(+(57(5(:DD(3(<;0+<95@(*<2<7),9(9;0 0:;09(/(;5@( *<2<7DD5..(2 5@,5@(2 ;0+<95@( 5..(2 5@,5@(2 &( 2(9,5( 265+0:0 7(5(: ;,9<;(4( 7(5(: ;,9<: @( )(+(55@( 7(+( :(20; 5..(2 ,5(2 5..(2 5@(4(5 (7(3(.0 :,2(9(5..<:05@(0;<:,905.),9+(9(/,30:(/1<.(2(3(<;0+<9 .,30:(/5@( 5..(2 ;,5(5. 762625@(DD2(3(< ;,93(3< ;<9<5 2,)(>(/2,)(5.<5:6(35@(:,:,2D )  R+<3< B +<3< :,905. 2(@( .0;< (5 )(9< :,2(30 :,405..< ),3<4 :(47(0 :((;5@( <5;<2  4(3(4 :,505 :<+(/ 4,9(:(2(5 (:(5@( 2(+(5. B 2(+(5. :,)(/ :,:,2 *(47<9 :,4<(5@(:,905.@(*<4(+<+<22(+(5.5..(2)0:(;0+<9&( 762625@(:,5.:(9(5..(2(+( ,5(25@(0:;09(/(;,*<2<7>65. ;0(7/(900:;09(/(;S)  &9F9?5 A9B;IB;?5D?5B 65=?5 H=8IFBM5 7I?ID A5?5 =GH=F5<5HBM5 >I;5 5?5B 7I?ID '5AIB 585  D5FH=G=D5B M5B; A9B;5H5?5BH=8IF7I?IDH9H5D==GH=F5<5HBM5H=85?7I?ID-=8IFA5@5A G9@5@I H9F65B;IB 85B H=85? 6=G5 H=8IF ?9A65@= 969F5D5 D5FH=G=D5B



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
 R2(3(<:(;</(90405<4+<(.,3(::(1(0;<(51<9(5+(90+62;,9 ;(70 2(5 5..(2 +0;((;0 4<5.205  30;,9 :(@( /()0: :,/(90DD(3(<5..(2405<4265+0:05@(7(5(:2(3(<5..(2 /<1(54(3(/;(5)(/7(5(:+(5+,/0+9(:07,5.,55@(405<4,: 2(3(< 405<4 ,: 4(3(/ ;(4)(/ ),5.2(2 7(305. 5..(2 )63,/ 405<4 ,:DD@( )63,/ )(5@(2 :0/ 796;,05 :(4(  )<(/ B )<(/(5@(5.+0(51<92(502(5:(4(+(.05.;(707(305.@(+020; B +020;5..(2;,93(3<)(5@(2DD@(+<3< B +<3<:0/5.02<;05



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
   %.6*-*:2-26.7;29;2485802; -9A5 P H9A5 M5B; 8=<5G=@?5B 85F= 8=A9BG= DG=?C@C;=G A9B;9B5= 585DH5G= DG=?C@C;=G 8=65;= A9B>58=  M5=HI D9F5G55B DCG=H=: 8=5BH5F5BM5 585@5<   65BM5? 69F8C5 85B 69F=6585<  G565F ,985B;?5B D9F5G55B B9;5H=:8=5BH5F5BM5585@5< DIHIG5G5 G98=< A9BM9G5@?979K5 85BA5@I$9G9@IFI<5B85F=D5FH=G=D5BA9B;IB;?5D?5BD9F5G55BDCG=H=: 85B B9;5H=: .B;?5D5B H9FG96IH A9FID5?5B IB;?5D5B A9B;9B5= 8=F=BM5 G9A9B>5? <5FIG A9B89F=H5 G5?=H ;5;5@ ;=B>5@ 85B <5FIG A9B>5@5B= H9F5D= <9AC8=5@=G=GG9IAIF<=8IDBM59F=?IHD9B>9@5G5BA5G=B; P A5G=B;H9A5



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

 R02/(;0(9 ;,;(7 /(9<: 0;< 2(3(< 4(3(4 5..(2 )0:( ;0+<9 4<5.205 ),9+A0209 (;(< 4,9,5<5. )(5@(2 ),9+6( :<+(/ +0;,904( 2,(+((5 050 (.(4( :(@( :,4(5205 4,505.2(; 4)(2D )  R:,2(9(5. 5..(2 )0:( :/63(; !,),3<4 :(20; 4(:0/ )0:( 4)(2 4(:0/ 2, 4(:10+ !,2(9(5. 5..(2 )0:( ,90)(+(/ 2,7(+("<+3<2(3(<4(3(4;(2<;1(;5@5B?5B G


K5?HI A5?5 D5FH=G=D5B 5?5B A9@5?I?5B =6585< M5B; F=B;5B P F=B;5B G9D9FH= A9B;5>= )5FH=G=D5B G9@5@I A9A=BH5 ?9D585 -I<5B IBHI? G9A6I< 85F= D9BM5?=HBM5 ,9@5=B =HI D5FH=G=D5B G9@5@I 69F8N=?=FD585A5@5A<5F= 6 ,565F ,565F A9FID5?5B <5@ M5B; G9F=B; 8=IB;?5D?5B C@9< ?9G9@IFI<5B 85F= D5FH=G=D5B 9F=?IH IB;?5D5B 85F= ?9@=A5 D5FH=G=D5B R7(:;0)0:(:,4)
 R76:0;0-5@( @( (7( @( &( 1(+0 ;,;(7 7,9-0209 76:0;0- +<3< :<2( 5.,3


 )9F5G55BB9;5H=: 5 )IHIG5G5 )9F5G55BDIHIG5G58=IB;?5D?5BC@9<H=;5D5FH=G=D5BD9B89F=H5 ;5;5@ ;=B>5@ ?FCB=? ,9D9FH= M5B; 8=IB;?5D?5B C@9< ?9H=;5 D5FH=G=D5B R2(+(5. 7<;<: (:( 262 5..(2 :,4)
 R2(9,5( :(20;5@( 5..(2 :,4)5@5B= 69FA575A P A575A D9B;C65H5B B5AIB ?CB8=G=BM5 H9H5D H=85? A9A65=?85B69@IAA9B85D5H?9G9A6I<5B 6 ,98=< )9F5G55B G98=< M5B; 8=5@5A= C@9< D5FH=G=D5B H9FIH5A5 D585 G55H 5K5@ <5FIG 8=8=5;BCG5 ;5;5@ ;=B>5@ 85B <5FIG A9B>5@5B= <9AC8=5@=G=GG9D5B>5B;<=8IDBM59F=?IHIB;?5D5BD9F5G55BG98=< 85F=D5FH=G=D5B R:(@( ;(2<; 4)(2 ;(2<;5@( 0;< :<5;<2 1(9<4 (7,2 1<.( 4)(2S)  R;(70 2(+(5. :(@( 5(5.0: 4)(2 2(3(< :(20; :(4( 2(4)
 R+<3< :,3(3< ),9-0209 76:0;0- 4<5.205 0@( 4)(2 :,2(9(5. +,5.(5265+0:0:,7,9;0050(+(:,+020;.(5..<(5.04(5(:0/



265+0:0 69(5. :(20; 7(:;0 4(*(4 B 4(*(4 70209(55@(S )  R@( <47(4(5@( 2(+(5. 4,5(5.0: :,+0/ (9,5( 2(3(< 2<4(;5..(2(+(@(5.5.<9<:0S)  )5FH=G=D5B A9F5G5 G98=< 89B;5B D9FI65<5B ?CB8=G=BM5 M5B; >5I< 69F6985 89B;5B ?CB8=G= G969@IA G5?=H )9F5G55B G98=< 8=IB;?5D?5BC@9<D5FH=G=D5B 7 &9BM9G5@ )9F5G55B A9BM9G5@ 8=IB;?5D?5B C@9< ?98I5 D5FH=G=D5B 9F=?IHIB;?5D5B85F=?98I5D5FH=G=D5B R@( 4,5@,:(35@( +<3< 262 7,95(/ 2(5 (>(3 B (>(35@( .,1(3(+<3<2625..(23(5.:<5.+06)(;0S)  R4,5@,:(34)(2+,5.(5265+0:0050;(2<;1<.((3(<7(: 2<4(;:,905.,46:005;((7( B (7(/(9<:+0;<9<;0D )  .B;?5D5BA9BM9G5@8=?5F9B5?5BD5FH=G=D5B?9H=?5G9<5HH=85? A9B>5;5 ?9G9<5H5BBM5 A9F9?5 A9B;565=?5B A5G5@5< ?9G9<5H5B 85B5?<=FBM5G5AD5=G55H=B=<5FIGH9F?9B5G5?=H;5;5@;=B>5@?FCB=? 85B<5FIG <9AC8=5@=G=GG9D5B>5B;<=8IDBM5 '5AIB D5FH=G=D5B M5B; @5=B H=85? A9B;IB;?5D?5B F5G5 A9BM9G5@BM5 89B;5B ?CB8=G= M5B; G55H =B= G985B; 8=5@5A=BM5 )9F5G55BA9BM9G5@H9FG96IH8=IB;?5D?5BC@9<69FA575A P A575A ?5F5?H9F 85F= D5FH=G=D5B $5F9B5 75F5 69F:=?=F A5G=B; P A5G=B; D5FH=G=D5B5?5B69F6985



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





R;0+(2),)(:+(3(4),9:6:0(30:(:0S)  R69(5. 3(05 @( )0(:( 2(3(< 4,5(902 +090 5..(2 4)(2 :(@( )0(:(,9:6:0(30:(:05..(2)0:(#47(4(5@((+(2,4(;0(50;< :<+(/5..(2)0:(:<+(/+09<4(/:(1(D )  $IF5B; A5ADI GCG=5@=G5G= 8=IB;?5D?5B C@9< 9AD5H D5FH=G=D5B )5FH=G=D5B A9B;IB;?5D?5B 655F5B; 8=@5?I?5B C@9< D5FH=G=D5B 8=?5F9B5?5B ?CB8=G= M5B; H=85? A9AIB;?=B?5B $9G9@IFI<5B 85F= D5FH=G=D5B >I;5 H=85? A5ADI A9@5?I?5B5?=J=H5GF9?F95G=G9D9FH=M5B;8=@5?I?5BG969@IAG5?=H  =G:IB;G=G9?GI5@ =G:IB;G= G9?GI5@ 8=F5G5?5B 85B 8=IB;?5D?5B C@9< ?9G9@IFI<5B 85F= D5FH=G=D5B 9F=?IH IB;?5D5B 85F= ?9G9@IFI<5B D5FH=G=D5B A9B;9B5=8=G:IB;G=G9?GI5@ C05:@(33(/ 4)6;,5:(4( :,2(30 :<+(/ ;0+(2 4)(22(3(< :(@(5.,9(:(05*(7,24)(2S)  R2(3(< :(@( :<+(/ 5..(2 7,95(/ 4,3(2<2(5 9(:(5@( *(7,2 9(:(5@(5..(27<(:5..(2(+(.(09(/2(9,5(7,5@(20;.<3(5@( (7(3(.0:,2(9(5.050D )  C:<+(/ 5+(2 +03(2<2(5 +(90 :,20;(9 ;0.( ;(/<5(5 @(5. 3(3< (:(5@(5+(2(+(.(09(/:<+(/3(4(4)(2;0+(22<(;1<.(D )

 R<+(/ 5..(2 )0:( <+(/ 5..(2 +03(2<2(5 69(5. 0:;90 1<.( 5..(2 (+( +0:050 2(3(<7<5 (+( :(@( 1<.( 5..(2 4)(2 *(7,2 5..(2 (+( .(09(/ :(4( :,2(30 (5;0 ;(2<;5@( 2(3(< :,:,2D )  R:<+(/ 5..(2 )0:( 6;64(;0: 0;< ),9/,5;0 ;6;(3 ..(2 )0:( ,9,2:0*(7,2;,5;<5..(2),9.(09(/0;<1<.(S) 



$9G9@IFI<5B 85F= D5FH=G=D5B A9B;IB;?5D?5B H=85? @5;= 69F
GI5A=

=GHF=

89B;5B

D5G5B;5BBM5

)5FH=G=D5B

A9B;IB;?5D?5B 65
 IHI<8I?IB;5B =D9F<5H=?5B 85B 8=8I?IB; A9FID5?5B G9GI5HI <5@ M5B; G9@5@I 8=<5F5D?5B C@9< ?9G9@IFI<5B 85F= D5FH=G=D5B 9F=?IH IB;?5D5B 85F= D5FH=G=D5BA9B;9B5=8I?IB;5BM5B;8=D9FC@9< R2(3(<05-694(:0:<+(/;,97,5(+
 R/<)<5.(55@( 2(3(< 69(5. ;<( :,5+090 4(3(/ :,4(205 ,9(; 4)(2 :0(7( 3(.0 2(3(< )<2(5 4,9,2( :,3(3< 4,4),902(5 :<7769;DD4,9,2( :,3(3< 2(:0/ :<7769; @(5. :()(9 :,46.( *,7(; :,4)


9<(5.(55@(5@(4(51<.(2(3(<(3(;7(:4(;03(47<:(4( 1,5:,;5@( 9<:(2 ;,9<: +0.(5;0 :(4( )(;9, @(5. (+( (3(;5@( 0;<D )  I?IB;5BGCG=5@8=IB;?5D?5BC@9<?9@=A5D5FH=G=D5BI?IB;5B GCG=5@ A9FID5?5B ?96IHI<5B 85F= D5FH=G=D5B 85@5A D9B9@=H=5B =B= )5FH=G=D5B =B;=B G9@5@I A9B85D5H?5B ?9BM5A5B5B :=G=? =B;=B G9@5@I 8=7=BH5= C@9< ?9@I5F;5BM5 85B C@9< G9AI5 CF5B; =B;=B 8=<5F;5= C@9< CF5B;@5=BI?IB;5BM5B;8=6IHI5@5B= D9BM5?=H ;5;5@ ;=B>5@ 85B 8I?IB;5B 85F= D9F5K5H FI5B;5B ,5HI D5FH=G=D5B A9B;IB;?5D?5B 65I;5 ?IF5B;A9B85D5H=B:CFA5G=85F=D=<5?FIA5<G5?=H9F=?IHIB;?5D5B 85F=D5FH=G=D5BH9FG96IH R@()0(:()0(:(:(1(5..(2(+(),+(5@("(702(3(<+,5.(5 0)<@(+,2(;2(5@(5.4,9(>(;:(@(:,/(90 B /(90<47(4(5@( (5(2 &( )0(:( :(1( 5..(2 4,5+<2<5. 5(2 :(@( *<,2 :(1(;,;(5..( 0@( 4,9,2( 4,4),90 +<2<5.(5 4(:0/ )(02 ;(5@(2(3(<2,;,4<761024(:0/@


A96IHI5I< IBHI? A9B75D5= 5?G9G @5M5B5B ?9G9<5H5B 8=?5F9B5?5B 69F6985 DFCJ=BG= 9F=?IH D9B>9@5G5B 6969F5D5 H9A585F=D5FH=G=D5B  )9FI65<5BGH5HIG9?CBCA= )9FI65<5B GH5HIG 9?CBCA= 8=F5G5?5B C@9< G9AI5 D5FH=G=D5B AD5H 85F= D5FH=G=D5B A9B;IB;?5D?5B 655@5B=G55H=B= 9F=?IHIB;?5D5B85F=D5FH=G=D5B R@( *<2<7 5..(2 *<2<7 /(9<: *<2<7 4)(2 3/(4+<3033(/ ;,;(7 (+( +(5 ;,97,5
 R2(3(<  1(42,:4(: 4)(2 1(+0 3<4(@(5 905.(5 5..(2 ;,93(3< ),9(; B ),9(; )(5.,; (305. <5;<2 ;9(5:769;(:0@( 2(:0(5 69(5. ;<( @(5. *(90 <(5. (7(3(.0 +02(47<5. .050 2(5 7,5./(:03(55@( 1<.( 40504 (3(< :(@( :<+(/ 5..(2 +(7,; 7,5./(:03(5 :(4( :,2(30 (+(5. 5.,9(:(5@( 705.05 *,7,; B *,7,; )0:( 2,91( 3(.0 (9<: )(.0 B )(.0 <(5. )<(; ;9(5:769;(:0S) 



$96IHI<5B H9FG96IH 585@5< ?96IHI<5B IBHI? HF5GBDCFH5G= )5FH=G=D5B <5FIG A9AD9FG=5D?5B I5B; IBHI? G9H=5D ?5@= <9AC8=5@G=G= 9@IA @5;= 8=H5A65< >=?5 D5FH=G=D5B <5FIG F5K5H =B5D >=?5 ?CB8=G= 6585BBM5 ?IF5B; 65=? '5AIB 585 G5HI D5FH=G=D5B M5B; A9B;IB;?5D?5B 655@ ?FCB=? 85B <9AC8=5@=G=G 8=IB;?5D?5B C@9< ?9G9@IFI<5B 85F=D5FH=G=D5B9F=?IHIB;?5D5B85F=D5FH=G=D5B R2(3(< 05-694(:0 :<+(/ ;,97,5/<0 4)(2 +(90 9<(5.(5 S )  R:<+(/ 4,9,2( 4,4),902(5 05-694(:0 4,5.,5(0 4(2(5 +(5 405<4 (2;0=0;(: @(5. )63,/ +03(2<2(5 2(3(< :(@( ),9;(5@( 4,9,2( 4,51(>() &( :,)(;(: 0;< B 0;< :(1( "(70 :(@( *<2<7 ,9,2(4,),902(505-694(:04,5.,5(06)(;1<.(S)  R+0),902(5 4)(2 4,5.,5(0 4(2(5 +(5 405<4 +(5 1<.( (2;0=0;(:S)

 R:<+(/ 4)(2 :<+(/ 4,5+(7(; 05-694(:0 7(305. ;,5;(5. (:<7(54(2(5+(5405<4S) 



,9AI5 85F= D5FH=G=D5B H9H5D A9A6IHI()(55@(D )  )5FH=G=D5B H9FG96IH 69@IA A9B85D5H?5B =B:CFA5G= M5B; 8=6IHI5@85BH=B85?5B<9AC8=5@=G=G

 )I5G89B;5B5?G9G?9G9<5H5B85BHF5BGDCFH5G= )I5G 89B;5B 5?G9G 85B HF5BGDCFH5G= M5B; 8=;IB5?5B IBHI? A9B75D5= ?9 D9@5M5B5B ?9G9<5H5B 9F=?IH IB;?5D5B D5FH=G=D5B A9B;9B5= 5?G9G 85B HF5BGDCFH5G= M5B; 8=6IHI


),9:,7,+(050 7<5 :(@( :<+(/ +(7(; :(47(0 +0 9<4(/ :(20; 4)(2&(5.7,5;05.:(@(/(+09S)

 C@(:<+(/:<+(/*<2<74<+(/:(1(9(5.<4(+,2,;262 4)(2:(@( 7(2(0 :,7,+( 46;69 <+(/ )0(:( 4)(25..(2 5.(7(05 5.,35F5?FIA5<89B;5BFIA5<G5?=HG5B;5H>5I<$9G9@IFI<5B 85F=D5FH=G=D5BA9B;IB;?5D?5B655I< C;,93(3< 1(
 !$   26.7;22;24  $9@9A5<5B:=G=? $9@9A5<5B :=G=? 8=F5G5?5B C@9< ?9G9@IFI<5B 85F= D5FH=G=D5B $9@9A5<5B :=G=? 5?5B A9AD9B;5FI<= 5?H=J=H5G 85F= D5FH=G=D5B D5FH=G=D5B 5?5B A9@5?I?5B D9A65H5G5B 9B9F;= IBHI? A9BM9GI5=?5B 89B;5B?CB8=G=BM5$9@9A5<5B:=G=?H9FG96IH>I;55?5BA9AD9B;5FI= AC6=@=H5G85BD5FH=G=D5B5?5B?9<=@5B;5BD9?9F>55B,965;5=5?=65HBM5



D5FH=G=D5B H=85? 85D5H A9@5?I?5B ?9;=5H5B H9FG96IH G9D9FH= 85
 ?9@9A5<5B :=G=? D585 D5G=9B 89B;5B ;5;5@ ;=B>5@ ?FCB=? M5B; A9B>5@5B= <9AC8=5@=G=G 85D5H H9F>58= 5?=65H 585BM5 5B9A=5 <5@ H9FG96IH 8=G9656?5B ?5F9B5 A9BIFIBBM5 DFC8I?G= 9F=HFCDC9H=B 5?=65H ?9FIG5?5B :IB;G= ;=B>5@ B9A=5 A9FID5?5B GI5HI ?95855B8=A5B5 G9@85F5<A9F5<85F=HI6I<?IF5B;85F=BCFA5@ 9>5@5 P ;9>5@5 85F= 5B9A=5 585@5< @9@5< @9H=< 85B @9GI !5@ H9FG96IH M5B; A9A6I5H ?9G9@IFI<5B 85F= D5FH=G=D5B A9F5G5 ?IF5B; H9B5;5 A9F5G5 @9@5<85@5A69F5?H=J=H5G85BA9F5G5?IF5B;9B9F;=IBHI?69F5?H=J=H5G 'IF7<5M5H=   A9B;9AI?5?5B 6558= D585 <5AD=F G9AI5 D5G=9B 89B;5B ;5;5@ ;=B>5@ ?FCB=? A9BM9656?5B ?9A5H=5B 8=B= G9FH5 A9B;IF5B;= ?I5@=H5G <=8ID ?5F9B5 A9BM9656?5B ?9@9@5<5B D9BIFIB5B ?9A5ADI5B ?5D5G=H5G @5H=<5B D9BIFIB5B ?9A5ADI5B?C;B=H=:G9FH5;5B;;I5B=AIB=H5G-5F;9H! M5B;H=B;;= 8=F9?CA9B85G=?5B ?5F9B5 85F= 69F65;5= GHI8= C6G9FJ5G= 8=H9AI?5B 655@?FCB=? )5=BH9F 

 A9B;IB;?5D?5B 655@ ?FCB=? )5=BH9F >I;5 A9B;IB;?5D?5B G965;=5B 69G5F D5G=9B 89B;5B 8=5@=G=G H=85?D9FB5<A9@5?I?5B5?H=J=H5G:=G=?8=@I5F85G5F85F= (*;0=0;@+(030@



30=05. % #C<5BG9B 8=?IH=D 85@5A )5=BH9F

 A9@5DCF?5B G965BM5? CF5B;D5G=B<9AC8=5@=G=GA9A=@=?=5?H=J=H5GF9B85< M5B; 8=?IF 89B;5B 5?G9@9FCA9HF= ,IFJ9M M5B; 8=@5?I?5B C@9< .,+, 69)0+0;@ (5+ 69;(30;@ !;<+@ 85F=   D5G=9B <9AC8=5@=G=G  H=85?85D5HA9@5?I?5B5A6I@5G=85BHF5BG:9F D9FD=B85<5B )5=BH9F

A9B;IB;?5D?5B655@?FCB=?M5B;A9B>5@5B=H9F5D=<9AC8=5@=G=G %5H=<5B ?5F8=CJ5G7I@5F H9@5< A9M5?=B?5B H9F6I?H= A9B;<5G=@?5B 85B A9B=B;?5H?5BJC@IA9(  )9B9@=H=5B P D9B9@=H=5BM5B;H9@5<8=@5?I?5B A9B;9B5= <5@ =B= A9BM96IH?5B 65I??5B 6969F5D5 ?9H9F65H5G5B :=G=C@C;= D585 D5G=9B 89B;5B ;5;5@ ;=B>5@ ?FCB=? M5B; A9B>5@5B= <9AC8=5@=G=G ,5@5< G5HI ?9H9F65H5G5B H9FG96IH 585@5< 5B9A=5 5@5A GHI8= M5B; 8=@5?I?5B A9@5DCF?5B 655B;IAIF85BIBHI?A9B;IF5B;=F=G=?C 7575H :=G=? 8=?9AI8=5B <5F= %5H=<5B P @5H=<5B H9FG96IH 5BH5F5 @5=B @5H=<5B ?9?I5H5B CHCH 85B @5H=<5B :IB;G= J5G7I@5F ?=65H 85F= ?9@9A5<5B:=G=?85BD9A65H5G5B9B9F;=M5B;8=@5?I?5BD5FH=G=D5B>I;5



5?5B ?9<=@5B;5B D9?9F>55B A9B;5@5A= ;5B;;I5B 5@ ?FCB=? A9B;5@5A= D9FI65<5B D9F5B 85@5A 5@ ?FCB=? A9B;5@5A= D9FI65<5B ?96IHI<5B :=G=C@C;=G D9B89F=H5 ;5;5@ ;=B>5@ ?FCB=? G9@5@I A9B;5@5A= ?9@9A5<5B :=G=? IBHI? 69F5?H=J=H5G 8=?5F9B5?5B 585BM5 5B9A=5 ?=65H 85F= ?9@9A5<5B :=G=? 85B 5?=65H 85F= <9AC8=5@=G=G M5B; 8=@5?I?5B D5FH=G=D5B A9B;5@5A= ;5B;;I5B 85@5A69F=BH9F5?G=89B;5BCF5B;@5=B !5@ =B= G9GI5= 89B;5B D9B9@=H=5B M5B; 8=@5?I?5B C@9< GF= 8=?IH=D 85@5A 'IF7<5M5H=  A9B;5H5?5B 6555B G9D9FH= G98=5?5@5 G9<=B;;5 65BM5? D5G=9B ?9<=@5B;5B D9?9F>55BBM5&9BIFIH05FB=7?85@5A5F=85 A9@5DCF?5BF5G5 ?9<=@5B;5B D9?9F>55B D9F5B 85@5A ?9@I5F;5 85B ?9<=@5B;5B H9A5B



G9FH5 H=B;?5H D9B8=8=?5B M5B; F9B85< A9FID5?5B F=G=?C IH5A5 H9F>58=BM589DF9G=  ,9G5?B5:5G ,9G5? B5:5G M5B; 8=IB;?5D?5B C@9< D5FH=G=D5B 8=?5F9B5?5B 65BM5?A=BIA ?9@96=<5B5GID5B75=F5BG9<=B;;5A9BM9656?5BD9FIH A9B>58=G9B9DG9@5=B=HIG9G5?B5:5G>I;58=5?=65H?5B?5F9B55?H=J=H5G M5B; H9F@5@I 69F5H 85B 69F@96=< )IF79@@ 8=?IH=D 85@5A 5F=85  G9G5?>I;5H9F>58=5?=65H585BM5?CAD@=?5G=85F=D9BM5?=H;=B>5@?FCB=? 69FID5 D9BM5?=H >5BHIB; M5B; A9FID5?5B D9BM9656 IH5A5 ?9A5H=5B D585D5G=9BM5B;A9B>5@5B=<9AC8=5@=G=G &5J5BIF   ;5B;;I5B D9FB5:5G5B 8=?5=H?5B 89B;5B ;5B;;I5B ?I5@=H5G <=8ID D585 D5G=9B ;5;5@ ;=B>5@ ?FCB=? M5B; A9B>5@5B= H9F5D= <9AC8=5@=G=G %96=< @5B>IH @5;= &5J5BIF A9B>9@G?5B 655@ @96=< 65BM5? 8=G9656?5B ?5F9B5 D9BM5?=H ?5F8=CJ5G?I@5F <=D9FHFC:= J9BHF=?9@ ?=F= 5?5B 8=?5=H?5B 89B;5B ?9>58=5B <=DC?G9A=5 !5@ =B= 69F6985 89B;5B <5G=@ D9B9@=H=5B H9F<585D  CF5B; D5FH=G=D5B D585 D9B9@=H=5B =B= D5FH=G=D5BA9B;9@I5BHIB; <5BM5 G5>5 H=85? H9F8=5;BCG5 5?=65H H=85? 8=@5?I?5B D9A9F=?G55B P D9A9F=?G55B)5FH=G=D5BH9FG96IHA9B;IB;?5D?5BG9G5? B5:5GIBHI?G9;5@55?H=J=H5G85BA9FID5?5B?9@I<5BG9<5F= P <5F=



,9G5? B5:5G 8=5?=65H?5B ?5F9B5 65BM5? A=BIA 85B H=85? A9A65H5G= 5GID5B 75=F5B A9BM9656?5B D5G=9B 89B;5B ;5;5@ ;=B>5@ ?FCB=? A9B;5@5A= D9BIADI?5B 75=F5B 8= D9FIH 5=F5B H9FG96IH H=85? 85D5H8=DFCG9GA9@5@I=;=B>5@8=?5F9B5?5B;=B>5@H=85?85D5H69F:IB;G= 89B;5B 65=? #=?5 D5G=9B H=85? A9A65H5G= 5GID5B 75=F5B A5?5 <5@ H9FG96IH 5?5B A9B;5?=65H?5B D9FIH G9A5?=B A9A69G5F )9FIH M5B; A9A69G5F 5?5B G9A5?=B A9B89G5? 65;=5B 9D=;5GHF=IA 85B G9A5?=B A9B89G5? 65;=5B D5FI P D5FI 5?=65HBM5  D5FI P D5FI H=85? 85D5H 69F?9A65B;89B;5B65=?85BD9B89F=H55?5BA9B;5@5A=G9G5?B5:5G

 $H=85?@5AD=5G $9G9@IFI<5B 85F= D5FH=G=D5B H9H5D A9A6IHI5@5B=BM5G5H=B=+5G5DI5GIBHI?$H=85?D9FB5<8=F5G5?5BC@9< G9@IFI<85F= D5FH=G=D5B)9FI65<5B=B=DIBM5B;D5@=B;G9F=B;8=F5G5?5B C@9< ?9G9@IFI<5B 85F= D5FH=G=D5B '5AIB G9H9@5< D5FH=G=D5B A9B>5@5B= H9F5D=<9AC8=5@=G=GD5FH=G=D5BG98=?=HA5ADIIBHI?$8=?5F9B5?5B F57IB M5B; 585 8=G9@IFI< HI6I< GI85< 8=?9@I5F?5B D585 G55H <9AC8=5@=G=G $9H=85?A5ADI5B $ M5B; 8=5@5A= C@9< D5FH=G=D5B 85D5H8=G96IHG965;5=5BIF=5 'IF75<5MH=   ;5B;;I5B 9@=A=B5G= 69FID5 5BIF=5 M5=HI GI5HI ?95855B H=85? 585 DFC8I?G= IF=B G9@5=B =HI 5BIF=5 8=5FH=?5B G965;5=GI5HI?95855B8=A5B5DFC8I?G=IF=B 85@5A >5A?IF5B;85F=

A@ ,965;5= 5?=65H 85F= ;5B;;I5B 9@=A=B5G= 5BIF=5 5?5B H=A6I@



;5B;;I5B ?9G9=A65B;5B 8=85@5A HI6I< M5=HI 69FID5 D9BIADI?5B 75=F5B 9@9?HFC@=H 85B G=G5 P G=G5 A9H56C@=GA9 HI6I< M5B; G9<5FIBM5 ?9@I5F 69FG5A5 P G5A5 89B;5B ?9@I5FBM5 IF=B !5@ =B= 8=5?=65H?5B ?5F9B5:IB;G=;=B>5@M5B;GI85<H=85?A5?G=A5@ CFK=B 

 D585 5K5@ D9BM5?=H ;5;5@ ;=B>5@ A5B=:9GH5G= 5BIF=5 AIB;?=B A=B=A5@ ?5F9B5 B9:FCB P B9:FCB @5=B M5B; G9<5H A9B;5A6=@ 5@=< :IB;G= B9:FCB M5B; FIG5? '9:FCB M5B; FIG5? 5?5B A9B=B;?5H?5B@5>I:=@HF5G=F956GCF6G=85BG9?F9G=BM5G9FH5A9B;5@5A= <=D9FHFC:= 85@5A DFCG9G H9FG96IH ,9=F=B; 89B;5B 65BM5?BM5 B9:FCB M5B; A5H= B9:FCB M5B; H9FG=G5 5?5B A9B;<585D= HI;5G M5B; 65BM5? 85B G9A5?=B 69F5H G9<=B;;5 B9:FCB P B9:FCB H9FG96IH A9B;5@5A= ?9FIG5?5B 85B 5?<=FBM5 A5H= ,9<=B;;5 ;=B>5@ H=85? 85D5H A9B;9@I5F?5BG=G5A9H56C@=GA989B;5BA5?G=A5@ &=@B9F 

 G=G5 5?<=F A9H56C@=GA9 H9FG96IH AI@5= H9F5?IAI@5G=85@5A85F5<G9656B9:FCBM5B;G9<5HH=85?A5ADIIBHI? A9B;?CAD9BG5G= B9:FCB P B9:FCB M5B; H=85? 69F:IB;G= M5B; 5?5B A9B;5?=65H?5B H9FH=A6IBBM5 DFC8I? 5?<=F A9H56C@=GA9 8= 85@5A 85F5<M5B;H=85?85D5H8=?9@I5F?5BC@9<;=B>5@H9FA5GI?DFC8I?G=IF=B )585 D9B9@=H=5B =B= ?9G9@IFI<5B 85F= D5FH=G=D5B A9B;5@5A= ?9@I<5B 5BIF=5G9H=5D <5F=BM5  $I@=H<=H5A )9FI65<5B K5FB5 ?I@=H A9B>58= ?9<=H5A5B 8=H9AI?5B 85@5A D9B9@=H=5B =B= )5FH=G=D5B A9B;5@5A= D9FI65<5B K5FB5 ?I@=H A9B>58=



<=H5A 8=?5F9B5?5B 5?=65H 85F= <9AC8=5@=G=G 85B DFCG9G D9A69FG=<5B 85F5< 89B;5B N5H ?=A=5 M5B; 8=@5?I?5B G5HI A=B;;I  ?5@= !5@ =B= G9GI5=

89B;5B

D9B9@=H=5B

M5B;

8=@5?I?5B

5F=85

 

A9B;IB;?5D?5B 655@H=85?85D5HA9B;9@I5F?5BG=G5 P G=G5A9H56C@=GA9 -=B85?5B M5B; 85D5H 8=@5?I?5B IBHI? A9B;5H5G= <5@ H9FG96IH 585@5<A9A69F=?5BD9B;9FH=5B?9D585D5FH=G=D5B5H5ID9B89F=H5;5;5@ ;=B>5@ ?FCB=? IBHI? A9B;;IB5?5B @CH=CB G9H=5D ?5@= G9<56=G A5B8= %CH=CB H9FG96IH 8=<5F5D?5B A5ADI A9@9A656?5B ?I@=H 85B A9B;<=@5B;?5B F5G5 ;5H5@ G9FH5 69FG=G=? 9B;5B HI>I5B IBHI? A9AD9FH5<5B?5B ?9@9A65D5B ?I@=H 5;5F H9F6965G 85F= ?9FIG5?5B 5?=65H<9AC8=5@=G=G  $I5@=H5GH=8IF $I5@=H5GH=8IF85@5AD9B9@=H=5B=B=8=85D5H?5B65


BM5A5B ;9@=G5< G55H H=8IF 85B ;IG= 69F85F5< ,5HI D5FH=G=D5B A9B;5H5?5BH=85?A9B;9H59@5G 9BN   ?9@I<5B H=8IF D5G=9B ;5;5@ ;=B>5@ 8=@5DCF?5B A9B75D5=   ;5B;;I5B H=8IF H9FG96IH H9FA5GI? :3,,7 (75,( :@5+964, 85B ;9@=G5< -=85? >5I< 69F6985 !C@@9M 8=?IH=D 85@5A 5F=85 A9@5DCF?5B655@5B= <9AC8=5@=G=G 85D5H 8=G9656?5B C@9< 6969F5D5 :5?HCF 5BH5F5@5=B?979A5G5B?9G98=<5B85BBM9F=HI@5B; 9BN   A9B;IB;?5D?5B 655@ ?FCB=? 585@5< 5DB95 H=8IF 5B;;I5B H=8IF D585 D5G=9B ;5;5@ ;=B>5@ ?FCB=? H9@5< 8=?5=H?5B 89B;5B D9B=B;?5H5B D9BM5?=H ?5F8=CJ5G?I@5F H9FA5GI? D9BM5?=H 5FH9F= ?CFCB9F <=D9FHFC:= J9BHF=?9@ ?=F= 85B <=D9FH9BG= )585 D9B9@=H=5B M5B; 8=@5?I?5BM5 9BN A9BM96IH?5B ?9@I<5B H=8IF GI6M9?H=: M5B; IAIA 8=IB;?5D?5B C@9< D5G=9B 8=5@=G=G 585@5< ?9GI@=H5B A9AI@5= 85B A9AD9FH5<5B?5B H=8IF A9F5G5 ;9@=G5< ?5?= H=85? BM5A5B ;5H5@ P ;5H5@ BM9F= HI@5B; D9B=B;?5H5B GHF9G ?979A5G5B 85B 89DF9G= 5B;;I5B H=8IF M5B; 8=5@5A= D5G=9B 8=5@=G=G



M5B;G5B;5HH=85?BM5A5B5?5BA9AD9B;5FI<=?9;=5H5BG9<5F= P <5F= $965BM5?5B85F=D5G=9BD9F75M5659B=G ?9@5A=B @5?= P @5?=85B<5BM5 CF5B;D5G=9B69F>9B=G?9@5A=BD9F9ADI5BA9B;5@5A= ;5B;;I5BH=8IF )5F?9F8=?IH=D85@5A9BN A9BM96IH?5B:5?HCF P :5?HCF M5B; A9BM9656?5B ;5B;I5B H=8IF D585 D5G=9B 89B;5B ;5;5@ ;=B>5@ ?FCB=?5BH5F5@5=B:5?HCFDG=?C@C;=G5BG=9H5G89DF9G=GHF9G?<5K5H=F :5?HCF D9BM5?=H GH5HIG ?9G9<5H5B IAIA 5B9A=5 IF9A=5 D9FI65<5B A9H56C@=? :5?HCF ;5M5 <=8ID D9B=B;?5H5B ?CBGIAG= ?CD= D9B;;IB55B FC?C? 85B :5?HCF 89AC;F5:= 69FH5A659B=G ?9@5A=B85BK5FB5?I@=HDIH=< 9F698589B;5BD9B9@=H=5BM5B;8=@5?I?5B+CAD5G8??  A9BM96IH?5B 655@ ?FCB=? M5B; A9B;5@5A= ;5B;;I5B H=8IF H9F?5=H 89B;5B ?585F <9AC;@C6=B M5B; 8=A=@=?= C@9< D5G=9B ?585F <9AC;@C6=B D585 D5G=9B 89B;5B ;5;5@ ;=B>5@ ?FCB=? A9B;5@5A= D9BIFIB5B 85B D9BIFIB5B =HI 5?5B 69F85AD5? D585 ?I5@=H5G H=8IF D5G=9B 8=?5F9B5?5B ?CAD@=?5G= G9D9FH= 5B9A=585B?9@I<5B6585B@9A5<AI5@85B?IF5B;B5:GIA5?5B)585 D9B9@=H=5B H9FG96IH 8=>9@5G?5B 65


<9AC;@C6=B M5=HI  ;F 8@ G9A5?=B 79B89FIB; A9B;5@5A= ?I5@=H5G H=8IF 6IFI? 85B G965@=?BM5 G9A5?=B H=B;;= ?585F <9AC;@C6=B M5=HI U;F 8@G9A5?=B65=?DI@5?I5@=H5GH=8IFBM5 )585 D9B9@=H=5B =B= 8=H9AI?5B 659@5G ,985B;?5B  D5FH=G=D5B A9B;5H5G= ;5B;;I5B H=8IF 89B;5B A9@5?I?5B 5?H=J=H5G G9D9FH= A9BM5DI FI5B;5B A9G?=DIB <5BM5 G969BH5F!5@ M5B;8=@5?I?5BD5FH=G=D5BD585G55HH9F65B;IB8=A5@5A <5F=585@5<69F8C5  )9FI65<5BDC@5BIHF=G= (;065(3 0+5,@ 6<5+(;065 

 )585 D5G=9B 89B;5B ;5;5@ ;=B>5@ ?FCB=? 8=9H 585@5< 65;=5B H9FD9BH=B; 85@5A D9F5K5H5B G9<5F= P <5F==9H85D5H69FI65< P I65<G9=F=B;89B;5B69F>5@5BBM5K5?HI85B G9=F=B; 89B;5B 69FH5A655@ M5B; 8=A=@=?= %5>I :=@HF5G= ;@CA9FI@IG 585@5< 75F5 H9F65=? IBHI? A9@575? :IB;G= ;=B>5@$9G9@IFI<5B85F=D5FH=G=D5BA9B;IB;?5D?5B65=?5H=85?8=65H5G=A5?56585BH9F5G5 H=85?9B5?969F5D575F5M5B;8=@5?I?5BIBHI?A9B>5;5BIHF=G=D585 D5G=9B 89B;5B ;5;5@ ;=B>5@ ?FCB=? 585@5< 89B;5B A9B>5;5 5GID5B ?5@CF= ?5F9B5 ?5@CF= 85D5H A9A69F=?5B 85B A9B5A65< 9B9F;= 85D5H



A9AD9FH5<5B?5B 69F5H 6585B 85B A9A65BHI HI6I< IBHI? A9B;;IB5?5BDFCH9=BG965;5=D9B;I5HCHCH85B>5F=B;5B )585D9B89F=H5;5;5@;=B>5@8=5B>IF?5BIBHI?A9A65H5G=5GID5B DFCH9=B,9@5=BA9B>5;55GID5B?5@CF=85BDFCH9=BD585D5G=9B89B;5B ;5;5@ ;=B>5@ D9F@I A9B>5;5 69F5H 6585B &9G?=DIB D585 D5G=9B ;5;5@ ;=B>5@ ?FCB=? 8=65H5G= IBHI? ?CBGIAG= DFCH9=B B5AIB D585 D5G=9B H9FG96IH A5G=< 69F<5? IBHI? A9B85D5H?5B 5GID5B DFCH9=B M5B; G9=A65B; DFCH9=B H9FG96IH 69F;IB5 IBHI? A9A65B;IB CHCH A9AD9F?I5HCHCHA9AD9F65=?=>5F=B;5B85BA9A9F5B;==B:9?G=)585 H5<5D 5K5@ D9BM5?=H ;=B>5@ D5G=9B H=85? D9F@I A9A65H5G= 75=F5B B5AIB >=?5 D9BM5?=H ;=B>5@ GI85< A9B89?5H= H5<5D 5?<=F D9A65H5G5B 75=F5B G5B;5H D9BH=B; 8=@5?I?5B ?5F9B5 ;=B>5@ GI85< H=85? A5ADI IBHI?A9ADFCG9G75=F5BM5B;8=85@5ABM5 969F5D5D5FH=G=D5BA9B;IB;?5D?5B65=?565BM5?A=BIA A5?56585BF5G5BM5H=85?9B5?85BG9G5?B5:5GG9FH5D9FIHG965<H9F5G5 D9BI< '5AIB 585 G5HI D5G=9B >=?5 H=85? A=BIA 65BM5? 6585B 5?5B H9F5G5 H=85? 9B5? 85B A9F5G5 @9A5G $9H=85?D5HI<5B H9F<585D 5GID5B 75=F5B M5B; H9F>58= D585 D5FH=G=D5B G9GI5= 89B;5B D9B9@=H=5B M5B; 8=@5?I?5B C@9< ,5F= 

 A9B;IB;?5D?5B 655@ M5B; A9B>5@5B= H9F5D= <9AC8=5@=G=G @96=< 65BM5? M5B; H=85? D5HI< 8=65B8=B;?5B 89B;5B M5B; D5HI< GID5B 75=F5B  5=F D585 D9BM5?=H ;5;5@ ;=B>5@ ?FCB=? G5B;5H D9F@I 8=@5?I?5B !5@ =B= 69FHI>I5B IBHI? A9B79;5<H9F>58=BM5989A585B?CAD@=?5G=?5F8=CJ5G7I@5F



2 " 

 A9B;CBHFC@ 5GID5B 75=F5B A9FID5?5B G5@5< G5HI A5G5@5< IH5A5 65;= D5G=9B 8=5@=G=G $5F9B5 85@5A ?CB8=G= BCFA5@ A5BIG=5 H=85? 85D5H 69FH5<5B @96=< @5A5 H5BD5 5GID5B 75=F5B 8=65B8=B;?5B 89B;5B A5?5B5B '5AIB 65;= D9B89F=H5 ;5;5@ ;=B>5@ ?FCB=? <5FIG A9@5?I?5B D9A65H5G5B 5GID5B 75=F5B IBHI? A9B=B;?5H?5B ?I5@=H5G <=8IDBM5 &5MCF=H5G ?@=9B M5B; A9B>5@5B= H9F5D= <9AC8=5@=G=G 8= "B8CB9G=5 A9B>5@5B= H9F5D= L 85@5A G9A=B;;I 5BH5F5  P  >5A D9FH=B85?5B "HI 5FH=BM5 HI6I< <5FIG A9B5B;;IB; ?9@96=<5B75=F5B8=5BH5F5K5?HI8=5@=G=G$CBHFC@5GID5B75=F5BG5B;5H 8=D9F@I?5BIBHI?D9B89F=H5;5;5@;=B>5@?FCB=? FIBB9F,I885FH 

5=FM5B;A5GI??985@5AHI6I<8=6I5H G9=A65B;89B;5BM5B;?9@I5F65=?A9@5@I=IF=BA5IDIB"0%5@5A A9@5?I?5B D9A65H5G5B 5GID5B 75=F5B 75=F5B M5B; A5GI? 69F;5BHIB; D585 <5@I5F5B IF=B %9K=G 85@5A 5F=85   IBHI? D5G=9B ;5;5@ ;=B>5@?FCB=? M5B;A9B>5@5B=H9F5D=<9AC8=5@=G=G5GID5B 75=F5B<5FIG 8=5HIFG9<=B;;569F5H6585BM5B;8=D9FC@9<H=85?@96=<85F= G5AD5= ?;8=5BH5F5K5?HI8=5@=G=G D56=@5 D5G=9B H=85? A9A65H5G= >IA@5< 5GID5B 75=F5B A5?5 75=F5B 5?5BA9BIADI? 8=85@5AHI6I<85B5?5B A9B=A6I@?5B989A5 8= G9?=H5F HI6I< G9D9FH= H5B;5B ?5?= 85B AI?5 ,9D9FH= M5B; H9F>58= D585 D5FH=G=D5B M5B; H=85? A9@5?I?5B D9A65H5G5B 75=F5B D5FH=G=D5B H9FG96IH 5?5B H9F?9B5 85AD5?BM5 M5=HI 989A5 8=G9?=H5F ?5?= $5F9B5 =HI@5< D9BH=B;BM5 A9@5?I?5B D9A65H5G5B 85B D9B;CBHFC@5B 75=F5B



)9A65H5G5B H9FG96IH D9BH=B; 5;5F D5G=9B H9H5D A9F5G5 BM5A5B D585 G55HK5?HI5BH5F5<9AC8=5@=G=GG9@5B>IHBM5$9H=85?D5HI<5BD5FH=G=D5B 85@5A A9@5?I?5B D9A65H5G5B 5GID5B 75=F5B 8=D9B;5FI<= C@9< 6969F5D5:5?HCF8=5BH5F5BM5585@5<=B:CFA5G=85B8I?IB;5B?9@I5F;5 &9BIFIH'CHC5HAC8>C8=?IH=D85@5A,5F=

89B;5B585BM5 ?9AI85<5B A9AD9FC@9< =B:CFA5G= A9B;9B5= D9BH=B;BM5 D9A65H5G5B 5GID5B 75=F5B D585 D9B89F=H5 ;5;5@ ;=B>5@ ?FCB=? G9<=B;;5 85D5H A9A:5G=@=H5G= H9F>58=BM5 D9F=@5?I ?9D5HI<5B 85@5A A9@5?I?5B D9A65H5G5A5GID5B75=F5BI?IB;5B?9@I5F;5A9FID5?5BG5@5<G5HI :5?HCFD9B;I5H5H5ID9B8CFCB;H9F>58=BM5D9F=@5?II?IB;5B?9@I5F;5 8=D9F@I?5B?5F9B5D5G=9B;5;5@;=B>5@?FCB=?5?5BA9B;5@5A=G9>IA@5< D9FI65<5B 65;= <=8IDBM5 8=<5F5D?5B 89B;5B 585BM5 8I?IB;5B ?9@I5F;585D5HA9BIB>5B;?9D5HI<5BD9B89F=H5 '5AIB A5G=< G5>5 5HIF5B 8==H H9FG96IH 585 M5B; A9BH55H= 85B 585>I;5 M5B;H=85?A9BH55H=$9G9@IFI<5B85F=D5FH=G=D5BA9B;5@5A= D9FI65<5B DC@5 A5?5B A5?5B H9H5D L 85@5A G9<5F= B5AIB <5BM5 G98=?=H )5FH=G=D5B H=85? A9B;IB;?5D?5B F5G5 AI5@ 85B AIBH5< !5@ =B= 69F6985 89B;5B D9B9@=H=5B M5B; 8=@5?I?5B C@9< 5F=85   A9B;5H5?5B 655@M5B;DFC;F9G=:



   26.7;2!;2485802;  )9F5G55BDCG=H=: )9F5G55B DCG=H=: A9FID5?5B 585DH5G= DG=?C@C;=G M5B; 65=? 85F= D5FH=G=D5BD585D9B9@=H=5B =B= 5 5BM5?69F8C585B69F=6585< )5FH=G=D5B G9@5@I A9B;<5F5D?5B 8=F=BM5 85D5H G9A6I< 85B @9D5G 85F= H=B85?5B <9AC8=5@=G=G M5B; 8=>5@5B=BM5 G55H =B= !5@ =B= G9GI5=89B;5BD9B9@=H=5BM5B;8=@5?I?5B5F=85 A9B;5H5?5B ?CB8=G= D5G=9B A9A6I5H D5G=9B A9B>58= @96=< A9B=B;?5H 85@5A A9B>5@5B?5B =6585< 9B;5B ?CB8=G= M5B; 8=<585D= A9A6I5H D5FH=G=D5B@96=<;=5H85@5A69F=6585<85B69F8C5 )CHH9F  )9FFM 

 G9G9CF5B; 5?5B A9AD9FC@9< A5B:55H M5B;69G5F?9H=?5G9G9CF5B;A9B;;IB5?5B?9D9F75M55BBM5G965;5= ?9?I5H5B M5B; 85D5H A9A69F=?5B 8I?IB;5B D585 ?9G9<5H5BBM5 $9G9@IFI<5B 85F= D5FH=G=D5B G9@5@I A9B>5@5B?5B 5>5F5B 5;5A5 G9D9FH=69F8C5?9D585-I<5BIBHI?A9A=BH5?9G9A6I<5B 6 ,565F ,565F A9FID5?5B 5?=65H 85F= ?95855B M5B; G55H =B= G985B; 8=5@5A=C@9<D5FH=G=D5BM5B;A9B89F=H5G5?=H;5;5@;=B>5@85B<5FIG A9B>5@5B= H9F5D= <9AC8=5@=G=G G9@5A5 <=8IDBM5 969F5D5 D5FH=G=D5B A9B;IB;?5D?5B 65I;5 A9FID5?5B<5@M5B;8=@5?I?5BD5FH=G=D5B IBHI?A9B9F=A5?CB8=G=



,9GI5= 89B;5B D9B9@=H=5B M5B; 8=@5?I?5B C@9< 5F=85   9?GDF9G= GD=F=HI5@ M5B; H9F>58= D585 ?@=9B <9AC8=5@=G=G 69FID5 69FGMI?IFD5GF5<85BF5G5=?<@5GA9B9F=A5?CB8=G=5D5585BM5  )9F5G55BB9;5H=: )9F5G55B B9;5H=: A9FID5?5B 585DH5G= DG=?C@C;=G M5B; ?IF5B; 65=? 85F= D5FH=G=D5B 85@5A D9B9@=H=5B =B= 5@5A D9B9@=H=5B =B= 8=85D5H?5B <5G=@ 655@5B=D9B;C65H5BD9F5G55BG98=<A9M9G5@?979K5 85B A5@I <5@ =B= 5?5B 85D5H A9BM9656?5B 89DF9G= 85B 79A5G D585 D5FH=G=D5B )9B9@=H=5B M5B; 8=@5?I?5B C@9< 0=@@=5A 8=?IH=D 85@5A 5F=85  A9B;IB;?5D?5B 65I;5 8=D9B;5FI<= C@9< :5?HCF DG=?C@C;=G G9D9FH= 585BM5 79A5G 9A5G 8=5@5A= C@9< D5G=9B<9AC8=5@=G=GG5AD5= G985B;?5BDF9J5@9BG=89DF9G=G9?=H5F  9A5G 85B 89DF9G= A9A=@=?= ?CF9@5G= B9;5H=: H9F<585D ?I5@=H5G <=8ID 5FH=BM5 G9A5?=B H=B;;= ?9>58=5B 79A5G 85B 89DF9G= A5?5 ?I5@=H5G<=8IDG9A5?=BF9B85<9DF9G=A9FID5?5G5HI P G5HIBM5:5?HCF M5B;69FD9B;5FI<H9F<585D?I5@=H5G<=8IDD5G=9B



   26.7;2=+=70*7$8;2*5  $IF5B;69FGCG=5@=G5G= $IF5B; 69FGCG=5@=G5G= G965;5= 5?=65H 85F= D9BM5?=H ;5;5@ ;=B>5@ 85B 85AD5? 85F= <9AC8=5@=G=G !5G=@ D9B9@=H=5B M5B; 8=@5?I?5B C@9< 5F=85   A9B;IB;?5D?5B 655@5B= <9AC8=5@=G=G A9B;5@5A= D9FI65<5B 85@5A =BH9F5?G= GCG=5@ ,969@IA A9B>5@5B= <9AC8=5@=G=G D5G=9B 5?H=: A9@5?I?5B 5?H=J=H5G G9D9FH= 69?9F>5 8=@I5F FIA5< B5AIB G9H9@5< A9B>5@5B= <9AC8=5@=G=G 5?H=J=H5G D5G=9B A9B>58= H9F65H5G D5G=9B @96=< 65BM5? 8=FIA5< G9<=B;;5 DC@5 =BH9F5?G= GCG=5@ >I;5 69FI65< !5@ =B= G9D9FH= M5B; H9F>58= D585 D5FH=G=D5B G969@IA H9F?9B5 ;5;5@ ;=B>5@ 85B <5FIG A9B>5@5B= H9F5D= <9AC8=5@=G=G D5FH=G=D5B H=85? A9B;5@5A= ;5B;;I5B 85@5A GCG=5@=G5G= B5AIB G9H9@5< H9F?9B5 ;5;5@ ;=B>5@ 85B <5FIG A9B>5@5B= H9F5D= <9AC8=5@=G=G 5?H=J=H5G D5FH=G=D5B 69FI65< 85B H9F;5B;;I G9<=B;;5 A9B;5?=65H?5B ?IF5B; A5ADI IBHI? 69FGCG=5@=G5G= 85B =BH9F5?G= GCG=5@ -5@@=G 

 ,965;=5B 85F= =BH9F5?G= CF5B; A9@=65H?5B A5?5B 85B A=BIA G9<=B;;5 H=85? >5F5B; IBHI? D5G=9B 89B;5B ;5;5@ ;=B>5@ ?FCB=? IBHI? A9B;IF5B;= ?9H9F@=65H5B GCG=5@ A9F9?5 ?5F9B5 D9A65H5G5BA5?5B5B85BA=BIA5BM5B;?9H5H-5@@=G>I;5A9B;5=H?5B 5GID5B BIHF=G= 89B;5B DC@5 =BH9F5?G= GCG=5@ 'IHF=G= A9FID5?5B ?CADCB9B D9BH=B; 85@5A ?9<=8ID5B D5G=9B 89B;5B ;5;5@ ;=B>5@ ?FCB=? :9? G5AD=B; ;5B;;I5B BIHF=G= 585@5< <=D9F?5@9A=5



<=D9F:CG:5H9A=5 85B ?9@96=<5B 75=F5B &5G5@5< GCG=5@ @5=BBM5 585@5<
 D585 D5G=9B 89B;5B <9AC8=5@=G=G >I;5 A9B;5@5A= ;5B;;I5B GCG=5@ 69FID5 8=G:IB;G= G9?GI5@ =G:IB;G= G9?GI5@ H9F>58= D585 D5G=9B ;5;5@ ;=B>5@ ?FCB=? H5<5D 5?<=F 89B;5B <9AC8=5@=G=G D585 D5G=9B =B= IAIABM5 A9B85D5H?5B H9F5D= 5BH=89DF9G5B 8=A5B5 C65H =B= 85D5H 69F9:9?A9BIFIB?5B@=6=8C85B9>5?I@5G=D585@5?= P @5?= =5N9H5@

G9@5=B:5?HCF89DF9G5B@5=BM5B;69F?CBHF=6IG= D585 8=G:IB;G= G9?GI5@ 585@5< )6+@ 04(., 89:=G=9BG= N=B7 85B ;5B;;I5B
 IHI<8I?IB;5B I?IB;5B GCG=5@ G5B;5H 8=6IHI5@5B= <9AC8=5@=G=G I?IB;5B GCG=5@ M5B; 8=6IHI5@5B=D9BM5?=H



;5;5@ ;=B>5@ 85B 8I?IB;5B 85F= D9F5K5H FI5B;5B !I6IB;5B 5BH5F5 A5BIG=5 85B @=B;?IB;5B GCG=5@ 585@5< GI5HI ?95855B M5B; 8=B5A=G M5B;G5B;5H?CAD@9?G85B85D5HA9A69F=?5B?CBHF=6IG=M5B;69F6985 H9F<585D ?9G9<5H5B IFHCB 9H 5@ 85@5A CFF=;5B  I?IB;5B GCG=5@ 585@5< G96I5< ?CBG9D IAIA M5B; 85D5H 8=D5<5A= 85@5A 5FH= =BHI=H=: G965;5= 65BHI5B 85F= CF5B; @5=B 85@5A G=HI5G= ?9<=8ID5B M5B; GI@=H CFF=;5B  I?IB;5B GCG=5@ >I;5 8=5FH=?5B G965;5= ?9M5?=B5B =B8=J=8I M5B; A9B85D5H D9F5K5H5B 8=7=BH5= 85B 8=<5F;5= C@9<CF5B;@5=BC6685@5ACFF;=;5B  )9F5BD9F5K5H<9AC8=5@=G=G85@5AA9A69F=?5B8I?IB;5BG5B;5H 69FD9B;5FI<H9F<585D?CB8=G=D5G=9BA9B;=B;5HD9F5K5H585@5<CF5B; ?98I5 G9H9@5< ?9@I5F;5 M5B; G9F=B; 8=>IAD5=BM5 G9@5A5 G9A=B;;I )585 H5<5D 5K5@ D5G=9B 89B;5B ;5;5@ ;=B>5@ 85B <5FIG <9AC8=5@=G=G D9F5K5H85D5HA9A69F=?5B8I?IB;5B?9D585D5G=9B85@5AA9B;5A6=@ ?9DIHIG5B IBHI? A9B;=?IH= H9F5D= <9AC8=5@=G=G 89B;5B A9A:5G=@=H5G= D5G=9BIBHI?69FH9AI85B69F8=G?IG=89B;5BD5G=9B M5B;G969@IABM5 H9@5< A9B;=?IH= H9F5D= <9AC8=5@=G=G 9B;5B 8I?IB;5B GCG=5@ H9FG96IH D5FH=G=D5B 5?5B A9F5G5 @96=< ?I5H 85B A9F5G5 8=<5F;5= ,9@5=B 85F= D9F5K5H 8I?IB;5B 85B D9F<5H=5B 85F= ?9@I5F;5 A9FID5?5B <5@ M5B; D9F@I 8=@5?I?5B A9B;=B;5H D5G=9B <9AC8=5@=G=G ?585B; A9B;5@5A= A5G5@5<DG=?C@C;=H9F?5=H89B;5BD9BM5?=HM5B;8=89F=H5BM5$IHB9F9H 5@85@5ACFF=;5B ?9D5HI<5BH9F<585DD9B;C65H5BA9FID5?5B A5G5@5< 69G5F 85@5A A5B5>9A9B M5B; 9:9?H=: 85F= D5G=9B M5B;



A9B>5@5B= <9AC8=5@=G=G $=AA9@ 9H 5@ 85@5A CFF;=;5B   GHI8= M5B; H9@5< 8=@5?I?5B IBHI? A9B;9J5@I5G= I??5B 655@5B= <9AC8=5@=G=G !5@ =B= G9GI5= 89B;5B <5G=@ D9B9@=H=5B M5B; H9@5< 8=5B5@=G5 A9BIB>I??5B 655@5B=<9AC8=5@=G=G?9H=?5A9B85D5H8I?IB;5B85B :<7769; 85F=?9@I5F;5BM5 ,HI8= M5B; 8=@5?I?5B (?5  <56CM9F 85@5A CFF=;5B   IBHI? A9B;=89BH=:=?5G= I;5 A9BIB>I??5B 655@5B= <9AC8=5@=G=G >I;5 A9A6IHI58= D585 D5G=9B )5G=9B 89B;5B ;5;5@ ;=B>5@ ?FCB=? <5FIG A9B;<585D= A5G5@5< 85B H5BH5B;5B G9<5F= P <5F= 5?=65H 85F= ?9@9@5<5B M5B; 8=F5G5?5B D9A65H5G5B75=F5B85B8=9HD9FI65<5BGH5HIG9?CBCA=H=B;;=BM56=5M5



D9F5K5H5B ?9G9<5H5B ?9H9F;5BHIB;5B ?9D585 CF5B; @5=B <=@5B;BM5 D9F5B?9@I5F;5<5F;58=F=85B 8=B5A=?5?9@I5F;5CFF=;5B  ,9@5=B <5@ H9FG96IH 8I?IB;5B =B:CFA5G= 85F= D9HI;5G ?9G9<5H5B G5B;5H 8=D9F@I?5B D5FH=G=D5B IBHI? A9B;9H55@ ?FCB=? H9H5D A9A6IHI=?5 H=85? A9B85D5H =B:CFA5G= M5B; 8=6IHI


   26.7;22704=70*7  )9FI65<5BGH5HIG9?CBCA= $96IHI<5B 9?CBCA= M5B; G9A5?=B 69FH5A65< G9=F=B; 89B;5B H9F5D= <9AC8=5@=G=G M5B; 8=@5?I?5B 8=H5A65< @5;= 89B;5B ?CB8=G= D5FH=G=D5B M5B; GI85< H=85? A5ADI IBHI? 69?9F>5 !5@ =B= A9A6I5H D5FH=G=D5B A9B;IB;?5D?5B ?96IHI<5B 9?CBCA= M5B; G9A5?=B A9B=B;?5H)9FI65<5BH9FG96IH8=D9FD5F5<89B;5B?CB8=G=D5G=9BM5B; G55H =B= GI85< HCH5@ H=85? 69?9F>5 ?=65H 85F= ?9<=@5B;5B D9?9F>55B A9A6I5H D5FH=G=D5B 69F:=?=F L @=D5H IBHI? A9B85D5H?5B I5B; M5B; 8=;IB5?5B IBHI? A9A9BI<= ?96IHI<5B <9AC8=5@=G=G 85B ?96IHI<5B G9<5F= P <5F=$F=B;F5B98=?IH=D85@5A5F=85 A9B;5H5?5B D585H5
6=5M5M5B;8=6IHI5@ ?FCB=? A9@96=<=  A=@=5F 5H5I  85F= G9@IFI< 6=5M5 ?9G9<5H5B8=A9F=?5=5M5IBHI? <9AC8=5@=G=G85F=?9@=A5D5FH=G=D5B ?9G9@IFI5A?9GA5G 9B;5B 89A=?=5B H=B85?5B H9F5D= <9AC8=5@=G=G 8=F5G5?5B A9AD9B;5FI<= GH5HIG 9?CBCA= D5FH=G=D5B'5AIBG5HID5FH=G=D5BA9B;IB;?5D?5B65


89B;5B ?CB8=G= M5B; A9B;<5FIG?5B ?99AD5H D5FH=G=D5B <5FIG A9@5?I?5BH9F5D=<9AC8=5@=G=GG9H=5DA=B;;IBM5  IHI<=B:CFA5G= +5>9GK5F=  ,=J5A5B=   D9F5K5H A9ADIBM5= H5B;;IB; >5K56 IBHI? G9AI5 69BHI? H9F5D= <9AC8=5@=G=G 969F5D5 DF=CF=H5G ?9D9F5K5H5B85@5A?5=H5BBM589B;5B5GI<5B?9D9F5K5H5BD585D5G=9B <9AC8=5@=G=GM5=HIA9B79;5<?CAD@=?5G=A9B>5;5?95A5B5BDFCACG=
 D9F5K5H A9A=@=?= ?CBH5? M5B; D5@=B; G9F=B; 89B;5B D5G=9B M5B; G985B; A9B>5@5B= H9F5D= <9AC8=5@=G=G 9B;5B 89A=?=5BD9F5K5H<5FIGA9A=@=?=D9B;9H55@ 85B D9B;9H55@ 85B <9AC8=5@=G=G $9G9@IFI<5B 85F= D5FH=G=D5B H9H5D A96IHI5B;?9G9<5H5B85B ?I5@=H5G<=8IDM5B;@96=<65=?

 )I5G89B;5B5?G9G?9G9<5H5B85BHF5BGDCFH5G= ?G9G @5M5B5B M5B; 8=6IHI5F5? FIA5< 89B;5B IB=H <9AC8=5@=G=G H=85? H9F@5@I >5I< 9F6985



89B;5B D5G=9B M5B; H=B;;5@ 8= )FCJ=BG= #5K5 -=AIF $56ID5H9B )57=H5BA9B;IB;?5D?5B655I<IBHI?A9B75D5=@5M5B5B ?9G9<5H5B<9AC8=5@=G=G.BHI?A9B75D5=5?G9GD9@5M5B5B?9G9<5H5B G9@IFI<D5FH=G=D5BH9H5DA9A6IHI5F5? M5B; H9F@5@I >5I< 5BH5F5 FIA5< 89B;5B @5M5B5B?9G9<5H5B

 %#%$!%   )9B9@=H= A9A=@=?= ?9H9F65H5G5B ?9A5ADI5B IBHI? A9@5?I?5B D9B9@=H=5B ?I5@=H5H=: A9B;=B;5H 65FI D9FH5A5 ?5@= A9@5?I?5B D9B9@=H=5B ?I5@=H5H=: 85@5AD9B9@=H=5B=B=D9B9@=H=69FD9F5BG965;5==BGHFIA9BIH5A5M5B; A5B5 D585 G55H K5K5B75F5 85B <5G=@ K5K5B75F5 5?5B G5B;5H A9AD9B;5FI<= <5G=@D9B9@=H=5B    ,55H D9B;=G=5B ?I9G=CB9F IBHI? A9@5?I?5B GHI8= D9B855@5B= H9F5D= <9AC8=5@=G=G .BHI? =HI D9FH5BM55B ?I9G=CB9F 8==G=C@9<?9@I5F;5D5FH=G=D5B    )585G55HD9B9@=H=5BD9B9@=H=<5FIGA9B85H5B;=G5HID9FG5HIFIA5<D5G=9B 8= $56ID5H9B 0CBC;=F= 85B $56ID5H9B )57=H5B >5F5? M5B; H9F@5@I >5I<



A9A6I5H D9B9@=H= H=85? A9@5?I?5B K5K5B75F5 M5B; ?98I5 ?9D585 G5@5< G5HID5FH=G=D5B    ,=HI5G= 85B ?CB8=G= D585 G55H K5K5B75F5 ?IF5B; A9B8I?IB; 8=5BH5F5 6969F5D5 D5FH=G=D5B 8=?5F9B5?5B ?CB8=G= D5FH=G=D5B G55H =HI G985B; H=85? GH56=@ M5=HI G9G5? B5:5G G9<=B;;5 K5K5B75F5 A9BM9GI5=?5B 89B;5B ?CB8=G=D5FH=G=D5B    )585 D9B9@=H=5B =B= 69@IA A5ADI A9B;IB;?5D A9B;9B5= 6969F5D5 =B8=?5HCF 85F= 8=A9BG= @=B;?IB;5B M5=HI @=B;?IB;5B FIA5< ?95A5B5B :=G=?@=B;?IB;5B:=G=?85B?9HF5AD=@5B&9B;=B;5H<5@H9FG96IHA9FID5?5B GI5HI =B8=?5HCF M5B; 8=85D5H?5B A9@5@I= C6G9FJ5G= M5B; A9B85@5A 85B ?CBH=BMI5@5AD9B9@=H=5B=B=H=85?8=@5?I?5BC6G9FJ5G=G975F5A9B85@5A A9B;9B5= <5@ H9FG96IH G9<=B;;5 85H5 P 85H5 M5B; 8=6IHI
 ' $!&$#

)585 656 =B= 5?5B 8=>9@5G?5B A9B;9B5= ?9G=ADI@5B 85F= D9B9@=H=5B M5B; H9@5< 8=85D5H A9B;9B5= H9A5 P H9A5 M5B; H9@5< 8=5B5@=G5 $9G=ADI@5B 5?5B A9B>9@5G?5B 85B A9B>5K56 85F= HI>I5B P HI>I5B ?9@5G?5BA9B;9B5=G5F5B P G5F5B65;==BGH=HIG=M5B;69FG5B;?IH5B

$!& 9F85G5F?5B 5B5@=G5 85F= ?5H5 ?IB7= M5B; H9@5< 8=85D5H?5B 85@5A D9B9@=H=5B =B=A5?58=D9FC@9<?9G=ADI@5BG965;5=69F=?IH    =A9BG=:=G=? 9F85G5F?5B 5B5@=G5 M5B; H9@5< 8=@5?I?5B 85@5A D9B9@=H=5B =B= ?I5@=H5G <=8ID 85F= 8=A9BG= :=G=? 8=85D5H?5B H9A5 G965;5= 69F=?IH   ?9@9A5<5B :=G=?A9@=DIH=;5B;;I5B5?H=J=H5GD9A65H5G5B9B9F;=H=85?DI5G5?H=J=H5G 85B ;5B;;I5B AC6=@=H5G  G9G5? B5:5G  $ H=85? @5AD=5G  ?I@=H <=H5A?I5@=H5GH=8IF85BD9FI65<5BDC@5BIHF=G=    =A9BG=DG=?C@C;=G 9F85G5F?5B 5B5@=G5 M5B; H9@5< 8=@5?I?5B 85@5A D9B9@=H=5B =B= ?I5@=H5G <=8ID 85F= 8=A9BG= DG=?C@C;=G 8=85D5H?5B H9A5 A9B;9B5= 585DH5G= DG=?C@C;=G85DH5G=DG=?C@C;=GH9FG96IH585@5< D9F5G55BDCG=H=:A9@=DIH= 65BM5? 69F8C5 85B 69F=6585< G9FH5 G565F  D9F5G55B B9;5H=: A9@=DIH=





DIHIG 5G5 A9B>5@5B= D9B;C65H5B G98=< A9BM9G5@ ?979K5 85B A5@I &5G=B; P A5G=B; 85F= D5FH=G=D5B A9B;IB;?5D?5B D9F5G55B DCG=H=: 85B B9;5H=:G965;5=585DH5G=DG=?C@C;=GH9F<585D?CB8=G=D9BM5?=HBM5    =A9BG=
 $#    "BGH=HIG=?9D9F5K5H5B FIA5<G5?=H 5;==BGH=HIG=?9D9F5K5H5B FIA5<G5?=H?5@?FCB=?H9F5D=<9AC8=5@=G=G85B 8==HM5B;8=>5@5B=65;=D9B89F=H5;5;5@;=B>5@?FCB=?,9@5=B=HI8I?IB;5B GCG=5@ 85F= D9F5K5H FI5B;5B <9AC8=5@=G=G G5B;5H 8=D9F@I?5B C@9< D5G=9B A9B;=B;5H ?CBH5? D5G=9B 89B;5B D9F5K5H 585@5< M5B; D5@=B; G9F=B; 8=@5?I?5B 89B;5B >58K5@ <9AC8=5@=G=G 85@5A G5HI A=B;;I ,9<=B;;5



5GI<5B?9D9F5K5H5BM5B;8=69F=?5B5?5B69FG=:5H5@ ?FCB=? G9FH5 ?I5@=H5G <=8ID D9B89F=H5 ;5;5@ ;=B>5@ ?FCB=? M5B; A9B>5@5B= H9F5D=<9AC8=5@=G=G    5;=D9B9@=H=@5=B G9@5B>IHBM5 )585 D9B9@=H=5B =B= 69@IA A5ADI A9B;IB;?5D A9B;9B5= =B8=?5HCF 85F= 8=A9BG= @=B;?IB;5B M5=HI @=B;?IB;5B FIA5< ?95A5B5B :=G=? @=B;?IB;5B :=G=? 85B ?9HF5AD=@5B "B8=?5HCF H9FG96IH G5B;5H D9BH=B; IBHI? 8=?9H55@?FCB=?=<5F5D?5BIBHI?D9B9@=H=G9@5B>IHBM585D5H A9B9@=H= A9B;9B5= <5@ =B= 89B;5B A9HC89 D9B9@=H=5B M5B; 69F6985 A=G5@BM5 89B;5B A9HC89 D9B9@=H=5B ?I5BH=H5H=: 85B A9HC89 D9B9@=H=5B ?I5@=H5H=: 89B;5B 5B5@=G5 85H5 >5@=B5B 8=?5F9B5?5B =B8=?5HCF P =B8=?5HCF H9FG96IHA9A6IHI5@?FCB=? 5;= D9B89F=H5 ;5;5@ ;=B>5@ ?FCB=? 8=<5F5D?5B D9B9@=H=5B =B= 85D5H A9A65BHIA9A69F=?5B=B:CFA5G=A9B;9B5=?96IHI<5B P ?96IHI<5B85G5F 85BG9;5@5H9BH5B;?I5@=H5G<=8IDD585D9B89F=H5;5;5@;=B>5@?FCB=?M5B; A9B>5@5B= H9F5D= <9AC8=5@=G=G G9<=B;;5 ?9<=8ID5B M5B; 8=>5@5B= A9B>58= @96=<65=?

%#!&$%

B8=?5 !

 ,;,)(3(5 7(9,5204 .051(3 7(+( 7,5+,90;( .(.(3 .051(3 296502 +,5.(5 7,4,902:((5 <3;9(:656.9(-0 %5DCF5B )9B9@=H=5B ,& +58=C@C;= +,.)F$5F=58=,9A5F5B; 9BN +% )F9GGA5B &+  &5GCC8 "  R,@99D 8=GCF89FG 5GGC7=5H98 K=H< 766+ ., FIBB9F,I885FH

 C,7,9(>(;(5,+02(3,+(/D #5?5FH5 5
 ,46+0(30:0: *<*0 +(9(/ 7(5+<(5 79(2;0: 7,9(>(;(5 .(.(3.051(3&=HF59B89?=5)F9G2C;M5?5FH5 CFF=;5B +&  R-<9 9LD9F=9B79 C: H<9 C@89F 58I@H K=H< 9B8GH5;9 F9B5@ 8=G95G9CB<9AC8=5@MG=GS-<9G=G*I99BQG.B=J9FG=HM5B585 CFK=B#

 <2<!(2<(;6-0:0636.0 #5?5FH5 9K= " )  R!I6IB;5B 5BH5F5 EI=7? C: 6@CC8 *6 89B;5B 589?I5G= <9AC8=5@=G=G D585 D5G=9B M5B; A9B>5@5B= H9F5D= <9AC8=5@=G=G 8= FI5B; ! +,.59F5<-565B5B5@=S-9G=G.B=J9FG=H5G"B8CB9G=59DC? =5N & 9FF9F +  5G75@9G +

 R,9LI5@ :IB7H=CB=B; 5B8 EI5@=HM C: @=:9C:A5@9D5H=9BHGCB<9AC8=5@MG=GS ,7/9636.0(6<95(3JC@ BC <5@  A5BI9@G9B $%  +CG9B@=7
R*I5@=HMC:@=:9=BD5H=9BHGCB8M5@=G=G69B9:=HGC:A5=BH5=B=B;5 <9AC;@C6=BC: HC ; 8@S ,7/963<9:05.6<95(3 JC@ BC <5@   8=5?G9G  'CJ9A69F 


$IGIA5K5F85B= '

 R!I6IB;5B ?5F5?H9F=GH=? =B8=J=8I 89B;5B ?I5@=H5G <=8ID =A9BG= :=G=? D5G=9B ;5;5@ ;=B>5@ FCB=? 8= +, F$5F=58= ,9A5F5B;S -9G=G .B=J9FG=H5G &I<5AA58=M5< ,9A5F5B; ,9A5F5B; 8=5?G9G  'CJ9A69F 
 R)5H
 C0+,305,: -69 =(:*<3(9 (**,: <7+(;,  8=5?G9G 'CJ9A69F  5@?FCB=?M5B;A9B>5@5B=<9AC8=5@=G=G8=+IA5< ,5?=H "G@5A 5HA5K5H= =@575D 85B +IA5< ,5?=H .AIA 59F5< 5BMIA5GS-9G=G.B=J9FG=H5G"B8CB9G=59DC? 'IFG5@5A  65:,7+(5,5,9(7(5 ,;6+636.0,5,30;0(534<,7,9(>(;(5 ,+64(5 !2907:0 ",:0: +(5 5:;9<4,5 ,5,30;0(5 ,7,9(>(;(5 ,5@9A65 &98=?5#5?5FH5 )5=BH9F)

R)
 ,46+0(3@:0:5;,95(;065(3 JC@<5@    )C@=H97?-

 ::,5;0(3:-<9:05. ,:,(9*/,;/6+:779(0:(3 (5+#;030A(;065 H< 98=H=CB%=DD=B7CHH0=@@=5AG0=@?=BG)<=@589@D<=5 )C@=H   !IB;@9F )

 <9:05. ,:,(9*/  905*073,: (5+ ,;/6+: H< 98=H=CB%=DD=B7CHH0=@@=5AG0=@?=BG)<=@589@D<=5

)CHH9F )  )9FFM 

 <5+(4,5;(3 6- <9:05. *65*,7; 96*,:: (5+ 9(*;0*, H< 98=H=CB&CG6MCAD5BM,H%CI=G )F=79 ,-  0=@GCB %&

 (;6-0:0636.0  65:,7 3050: 96:,: B 96:,: ,5@(20; 8=G=JC@ @=<5<5G5C@9<F55FA5G=BSJC@ BC <5@    8=5?G9G'CJ9A69F 9GK5F= ++  ,=J5A5B= %  <9:05. *(9, +0(3@:0: %5DCF5B FH=?9@ CJ9FBA9BH 9B9F5@!CGD=H5@ +CAD5G  -5B;?5 #  +CHH= # S !I6IB;5B ?585F <9AC;@C6=B 89B;5B ?I5@=H5G H=8IF D5G=9B D9BM5?=H ;=B>5@ ?FCB=? = )C@= =B>5@ 5B !=D9FH9BG= @I+GID )FC:F+$5B8CI &5B58CS 16<95(3,7,9(>(;(5 JC@  BC ,5F= $%

 R5?HCF P :5?HCF M5B; 69F5@ ?FCB=? M5B; A9B>5@5B= H9F5D= <9AC8=5@=G=G 8= +I5B;5B !9AC8=5@=G5 +,.) 5H=A5< #5?5FH5S ,?F=DG= "@AI $9D9F5K5H5B 5?I@H5G $98C?H9F5B ."' ,M5F=: !=85M5HI@@5<#5?5FH5 ,5FMCBCB;;F59B=&  ,;6+636.0,5,30;0(5<(30;(;0-(3(40+(5. ,:,/(;(5'I<5&98=?52C;M5?5FH5 ,<5;
R"AD57HC: HKC HMD9G C: GC8=IA 5B8 I@HF5:=@HF5H=CB DFC:=@9G CB <9AC8=5@MG=G
 R-<9 KCF@8 <95@H< CF;5B=N5H=CBG 0!(*(%F9: EI5@=HM C: @=:9 5GG9GA9BH  DGM7CA9HF=7 DFCD9FH=9G 5B8 F9GI@H C: H<9 =BH9FB5H=CB5@ :=9@8 HF=5@ 5 F9DCFH :FCA H<9 0!(*(% FCID ,7(9;,4,5;:02636.@,;/,93(5+:JC@  <5@  P



,IDF=M58= 05;=MC  0=8CK5H= ,+  R-=B;?5H ?I5@=H5G <=8ID D5G=9B ;5;5@ ;=B>5@ ?FCB=? H9F5D= <9AC8=5@=G=GS <95(3 ,:,/(;(5 (:@(9(2(; #50=,9:0;(:,.,90!,4(9(5.JC@BC <5@  ,IHCDC !

 ,;6+636.0 (:(9 ",690 +(5 ",9(7(55@( (3(4 ,5,30;0(5 .B=J9FG=H5G '9;9F=,969@5G&5F9H,IF5?5FH5

,CB=$$)CFH9F%5G< #).BF=<&% R!95@H<  F9@95H98EI5@=HMC: @=:9 "B CIFB5@G9@G9J=9F<95@H<7CA -5@@=G $

 R!CK HC =ADFCJ9 H<9 EI5@=HM C: @=:9 =B D5H=9BHG @=J=B; K=H< 9B8 GH5;9F9B5@:5=@IF9 ,5(3<9:05.!6*0,;@6-<:;9(30(56<95(3 JC@ BC -C;5HCFCD %  R!I6IB;5B D9F5K5H D9@5?G5B5 89B;5B ?I5@=H5G <=8ID D5G=9B $ M5B; A9B>5@5B= H9F5D= <9AC8=5@=G=G 8= +,.) !5>= 85A &5@=? &985BS.B=J9FG=H5G,IA5H9F5.H5F5&985B .,+,  5*0+,5*, 79,=(3,5*, 7(;0,5; */(9(*;,90:;02 (5+ ;9,(;4,5 46+(30;0,: JC@ .,8=5?G9G 'CJ9A69F  =5B !

 RGGC7=5H=CB C: =B=H=5@ <9AC8=5@MG=GJ5G7I@5F5779GGK=H<D5H=9BHF9DCFH98<95@H<GH5HIG5B8EI5@=HM C:@=:9S 3054!6*,7/963 JC@ <5@  P   0=8C8C

 '(; ),:0 +(5 7,9(5(55@( 7(+( 7(:0,5 7,5@(20; .051(3 296502 8=5?G9G #IB= 
 &(@(:(5.051(3+0(;9(5:5+65,:0(*<*0+(9(/+,40<(30;(:/0+<7D 8=5?G9G #IB=