PERAWATAN LUKA BAKAR DERAJAT II DENGAN MADU TERHADAP LAMA

Download Ilmiah dengan judul “ PERAWATAN LUKA BAKAR DERAJAT. II DENGAN MADU TERHADAP LAMA PENYEMBUHAN LUKA. PADA ASUHAN KEPERAWATAN AN D DENGAN CO...

0 downloads 436 Views 638KB Size
                                        

 

 

            

         

                                     

*:A*%=52;562*1 &7<=4 .6.7=12$*5*1 $*<= ".:;A*:*<*7 *5*6 .7A.5.;*24*7":80:*629586*4.9.:*?*<*7

   

                    

2

     

"=32 ;A=4=: 9.7=52; 9*73*<4*7 4.1*-2:*< %=1*7 )*70 *1* =*;*+.:4*< #*16*< -*7 *:=72* A* ;.12700* 9.7=52; -*9*< 6.7A.5.;*24*7 *:A* %=52; 562*1 -.70*7 3=-=5C "#(% &##%     & %#"  " )& " $&  "#(%  

&

    !&$%!  

#$&(! !# D *5*6 9.7A=;=7*7 *:A* %=52; 562*1 272 9.7=52; +*7A*4 6.7-*9*< +26+270*7 -*7 -=4=70*7 -*:2 +.:+*0*2 921*485.1 4*:.7* 2<= 9*-* 4.;.69*<*7 272 9.7=52; 6.70=,*94*7 <.:26* 4*;21 -*7 9.701*:0**7 A*70 ;.<27002<270027A* 4.9*-*A*70<.:18:6*<  <2.4 =:1*:A*<2 $.9 ;.9 ;.5*4= .<=* ":80:*6 $<=-2  .9.:*?*<*7A*70<.5*1 6.6+.:24*7 4.;.69*<*7 =7<=4 -*9*< 6.726+* 256= -2$%.; =;=6* =;*-*$=:*4*:<*

 .:2 !4<*:2*72 $.9 ;.9 ;.5*4= $.4:.<*:2; .<=* ":80:*6 $<=-2 .9.:*?*<*7A*70<.5*1 6.6+.:24*7 4.;.69*<*7 =7<=4 -*9*< 6.726+* 256=-2$%.; =;=6* =;*-*$=:*4*:<*  5/A*7*

*-A* # $.9 ;  .9 ;.5*4= -8;.7 9.6+26+270 ;.4*520=;

;.+*0*2 9.70=32 A*70 <.5*1 6.6+26+270 -.70*7 ,.:6*< 6.6+.:24*7 6*;=4*76*;=4*7 27;92:*;2 9.:*;**7 7A*6*7 -*5*6 +26+270*7 ;.:<* 6.6/*;252<*;2-.62;.69=:7*7A* ;<=-2 4*;=; 272

>

  

 &&

2

"# )% %"%$ 

22

#"#$%&& 

222

%"  %# 

2>

%#$

>2

%#"# 

>222





" &&  *<*: .5*4*70 



 %=3=*7 9.7=52;*7 



 *7/**< 9.7=52;*7 



% & %!#  86+=;<28 



 *-= 



 ".:*?*<*7*7".7A.6+=1*7=4*



 "!# $&$  -.7<2<*;"*;2.7



 ".704*32*7 



 #=6=;*7 *;*5*1 



 7<.:>.7;2 .9.:*?*<*7



 695.6.7<*;2 .9.:*?*<*7



 >*5=*;2 .9.:*?*<*7



>22

' "$

'

 ".704*32*7 



 ".:=6=;*7 *;*5*1 



 7<.:>.7;2



 695.6.7<*;2 



 >*5=*;2 



$"&  $#  .;269=5*7 



 $*:*7



%#"&$% "# %##()%&"

>222

   

*692:*7

*/<*::2?*A*<12-=9

*692:*7

80884

*692:*7

.6+*:87;=5<*;2*:A*%=52;562*1

*692:*7

;=1*7.9.:*?*<*7

*692:*7

=:7*5%.7<*70 =4*+*4*:

2@

   

 $6$4(/$.$1*$5$/$+ $5>DADC A?B385>;? 

 41<1= :DA>1< D4H1>C1A1   "D<9C =5AD@1;1> B1<18 B1CD ?A71> CD2D8 H1>7 B1>71C @5>C9>7 2179 CD2D8 "D<9C 25A@5A1> B521719 @A?C5;B9 CD2D8 B5@5AC9 @5>357181> 9>65;B9 41> @5>7D1@1> 25A<52981>41A9CD2D8"D<9C=5AD@1;1>9>4A1@5A121H1>7=5>5A9=1A1>7B1>71> >H5A9@1>1B49>79>41>B521719>H1!1A9>71>;D<9CC5A41@1C;5<5>:1A=9>H1;41> ;5<5>:1A;5A9>71C $5>DADC 7DHC?> 

 41<1= :DA>1< D4H1>C1A1   "D<9C B5@5AC9 81<>H121791>CD2D8<19>>H1@141;D<9C41@1CC5A:149;5ADB1;1>"5ADB1;1>@141 ;D<9CC5AB52DC1>C1A1<19>41@1C49B5212;1>;1A5>1BD8D'141BD8DC5AC5>CD41> F1;CD ;?>C1; C5AC5>CD =9B1<>H1 @141 BD8D H1>7 C9>779 45>71> F1;CD ;?>C1; B525>C1A41>@141BD8DH1>7<5298A5>41845>71>F1;CD;?>C1;H1>7<1=141@1C =5>H5212;1> ;5ADB1;1> :1A9>71> ;D<9C "5ADB1;1> :1A9>71> 1;921C  81>H1 29B1 C5A:149 @141 @5A=D;11> ;D<9C B1:1 C5C1@9 29B1 C5A:149 :D71 49 :1A9>71>21791>21F18;D<9C!1A9>71>H1>7C5A21;1A1;1>ADB1;B589>771319A1> CD2D829B1;571>H1>7=5>71<1=9 @5=25>7;1;1> 1;921C 7 71> B5:D=<18 25B1A 319A1> ;1A5>1 @5A5=25B1> 319A1> 41A9 ;D<9C 41@1C =5>H5212;1> C5A:149>H1BH?;





$5>DADC "A9BC1>C? 

 41<1= :DA>1< 49>1 45F9 

 #D;1 21;1A =5AD@1;1> B1<18 B1CD CA1D=1 H1>7 B5A9>7 C5A:149 41<1= ;5894D@1> B581A981A9 218;1> B5A9>7 ;1<9 =5AD@1;1> ;535<1;11> =1BB1< =1BB 49B1BC5A #D;1 21;1A C5A7?7;1BDB5@945=9;H1>7B5A9DB41<1=C18D>C18D>25<1;1>71>9>9 $5>DADC )=5
 41<1= :DA>1< 49>1 45F9 

 5A41B1A;1>31C1C1>-&H5212;1> 

;5=1C91> C18D>49 B591C5ADC1=149>571A1=9B;9>41>25A;5=21>7#D;121;1AH1>7C941; =5>H5212;1>;5=1C91>@D>C5A>H1C1=5>9=2D<;1>;53131C1>@141@5>45A9C1>H1 5A41B1A;1> 31C1C1> &+0-*( +" 0-* -! *  -!$%(%//%+* 549B9   49@5A;9A1;1> 141  :DC1 ;1BDB  49 =5A9;1 )5A9;1C 1A9 :D=<18 C5AB52DC 141  

 H1>7 49C1>71>9 ?<58 18<9 =549B 41> 

49C1>71>949AD=1841> 

>H125A1;89A45>71>;5=1C91>$5A

1C1 <19> 41A9 /$!*/%+*( %*./%/0/! "+- 0-* )! %%*! =5>H52DC;1> 218F1 B521791> 25B1A@1B95>;5<1<191>;?A21> '5>H5212C1A1<19>19A@1>1B;?A5;1@91ADB<9BCA9;41>=5A?;?; @141 @5>77D>11> ?21C 29DB 41> 1<3?8?< '5>5<9C91> 49 5<1>41 =5>D>:D;;1>   ;5:1491> 7;D>71> AD=18 C1>771  49 C5=@1C 9>4DBCA941>;9A1;9A11;921C;535<1;11><1C1B $5>DADC "A9BC1>C? 

 41<1= :DA>1< 49>1 45F9 

 "5:1491> 4?>5B91 ;DA1>7 <5298  :DC1 ?A1>7 =5>71<1=9 >H141A9;59



@1B95>=5=5A@5>1>71>1A1F1C:1<1> 41>



 @1B95> 49A1F1C 49AD=18 B1;9C 5A41B1A;1> 41C1 BC1C9BC9; D>9C @5<1H1>1> ;8DBDB ()+'% 9@C? $1>7D>;DBD=? !1;1AC1 :D=<18 ;1BDB H1>7



49A1F1C B5<1=1 C18D>  B521>H1;  ;1BDB 1C1D   41A9 B57 49A1F1C 1A9 ;1BDB C5AB52DC C5A41@1C <5298   =5AD@1;1> 71>1>7;1;5=1C91>   $5>DADC 149F9H?C?   41<1= :DA>1< 49>1 45F9 

 "5ADB1;1> 1;921C7;1<=5>75>195@945A=9B41>21791>1C1B41A9 3?A9D= 45A=9B '5>H5=2D81>C5A:149B@?>C1>41<1=  81A9C1>@1C5A25>CD; :1A9>71>@1ADC '5>H5=2D81>:1A9>71> 1< 9>9 :D71 25A8D2D>71> 45>71> A575>5A1B9 :1A9>71> 'A?B5B @5>H5=2D81> 41@1CC5A:149B531A1>?A=1<C1>@121>CD1>F1<1D@D>2525A1@12181>@5A1F1C1> 41@1C=5=21>CDD>CD;=5>4D;D>7@A?B5B@5>H5=2D81> '5A1F1C1> 45>71> =5>77D>1;1> 2525A1@1 2181> C1=2181> 1>C1A1 <19> >?A=1<B1<9><94182D1H141>=14D$14D=5AD@1;1>319A1>;5>C1<41>C5A1B1 =1>9BH1>74981B9<;1>?<58C1F?>=14D45>71>:1<1>@A?B5B@5>7D2181>BD1CD 319A1>=1>9BH1>74981B9<;1>?<582D>711C1D21791>41A9C1>1=1>$14DC5<18 C5A2D;C9=5AD@1;1>175>@5A1F1C1>7565;C96>1=D>251;1> B531A1 7;D@ @A?65B9?>1< '5>77D>11> =14D @141 9>7;1C;1>F1;CD@5>H5=2D81>49>7;1>45>71> 175>@5A1F1C1>7<19>$5>DADC (9?41>I9I   41<1=:DA>1<49>1 45F9 

 #9C5A1CDA <19> :D71 =5>D>:D;1> 218F1 =14D 41@1C =5>7DA1>79 C9>7;1C9>65;B9)521719C1=2181>=14D:D71:1A1>7=5>71;921C;1>1<5A79B5AC1 <5298565;C9641A9B579291H1 $5>DADC )D2A18=1>H1=   41<1= :DA>1< 49>1 45F9 

 $14D C5<18 497D>1;1> B521719 ?21C B5:1; :1=1> ;D>? HDAE541 @5>7?21C1> >491



=5>4569>9B9;1> =14D B521719 B1A9 ;5894D@1> 41> =5A5;?=5>41B9;1> @5>77D>11>>H1 B521719 @5>7?21C1> '1@HADB 41A9 =5B9A ;D>? =5>H52DC;1> @5>7?21C1> 71> =5>77D>1;1> =14D *5>C1A1 ADB91 41> C5>C1A1 9>1:D71=5>77D>1;1>=14DD>CD;=5>7?21C97D>91 $14D C5<18 497D>1;1> D>CD; =5>7?21C9 CD; =5>7DA1>79 9>65;B9 41> =5=@5A35@1C@5>H5=2D81>5<9C91> B525H1 =5>D>:D;1> 81B9< @5>5<9C91> @5A1F1C1> 77D>1;1> =14D 565;C96 41<1= =5=@5A35@1C @5>H5=2D81> 7 49<1<1;B1>1;1> @141 2D<1> ?;C?25A

 25AC5=@1C 49 #12?A1C?A9D= 1A=1;? +>9E5AB9C1B A1FD:1H1 $1<1>7 BD79H?

 1B9< @5>7;1:91> @141 C1>71<   @A9<  @141 >  45>71>

+)0./%+ 49  ()+ -?>?79A9 49@5A?<58 41C1 >  =5>75H5A9 41> C5A41@1C 1> 21791> 25C9B =1;1 @5>D<9B C5AC1A9; D>CD; =5>D<9B;1AH1CD<9B9<=918H1>725A:D4D<K'%(+'(-*%#+" "(

(!*



%%

$+

*('

#$

'%/$+% #+" ' )+% "'(-*% %  %%      ()+-&%& ( K

 7-7$1(17/,5$1  *D:D1>+=D= $5>71@<9;1B9;1> A9B5C ;5@5A1F1C1> C5>C1>7 @5>71AD8 @5A1F1C1> 71> =14D C5A8141@ <1=1 @5>H5=2D81>   45>71>

+)0./%+ 49()+-?>?79A9



 *D:D1>"8DBDB 1 '5>D<9B=1=@D=5<1;D;1>@5>7;1:91>@141>45>71> +)0./%+ 2 '5>D<9B=1=@D=5AD=DB;1>4917>?B1;5@5A1F1C1>@141>45>71>

+)0./%+> 3 '5>D<9B =1=@D =5>HDBD> A5>31>1 BD81> "5@5A1F1C1> @141 >  @5A1F1C1>D<9B=1=@D=5<1;D;1>9=@<5=5>C1B9@141> 5 '5>D<9B=1=@D=5<1;D;1>5E1@5A1F1C1> +)0./%+ 6 '5>D<9B=1=@D=5>71>1<91B1 81B9<@5A1F1C1>71>=14D @141>

 $1)$$6(1(/,6,$1  179@1B95> $5=25A9;1> @5>75C18D1> C5>C1>7 31A1 @5A1F1C1> 77D>1;1> =14D41>=1>611C=14DD>CD;@5>H5=2D81>BC9CDB9 1 179(D=18)1;9C  1@1C =5=25A9;1> 9>6?A=1B9 C5>C1>7 1BD81> ;5@5A1F1C1> @141 @1B95> 45>71> @5A1F1C1> H1 @141 @1B95>

+)0./%+

B589>771 @5A1F1C 41@1C =5=25A9;1> 1BD81>

;5@5A1F1C1>@141@1B95>45>71><5298?@C9=1<B5AC1=5>9>7;1C;1>



;5CA1=@9<1> 41<1= =5=25A9;1> @5>1C1<1;B1>11> H1>7 <5298 219; @141@1B95> +)0./%+  '5A1F1C =1=@D 25AB9;1@ @A?65B9?>1< 41<1= =5=25A9;1> 1BD81> ;5@5A1F1C1>@5A1F1C1>
2 179'5>4949;1> )5217199>6?A=1B9;5@141=181B9BF1C5>C1>71BD81>;5@5A1F1C1> @141@1B95> +)0./%+B589>77141@1C=5=25A9;1>71=21A1>C5>C1>7 @5>1C1<1;B1>11>@5A1F1C1> +)0./%+

 179'5>D<9B 1 $5>75C18D9 9>6?A=1B9 B5AC1 =1=@D =5>5A1@;1> 1BD81> ;5@5A1F1C1> C5>C1>7@5A1F1C1> +)0./%+>B589>77141@1C =5>75=21>7;1>F1F1B1>@5>D<9B 2 $5>4?A?>7 @5>D<9B D>CD; =5>75=21>7;1> 49A9 25A@1>41>71> 1< 41<1= =5=25A9;1> 1BD81> ;5@5A1F1C1> ;8DBDB>H1@141@1B95> +)0./%+  179'5=2131 $5=25A9;1>@5=181=1>C5>C1>7@5A1F1C1>77D>1;1> =14DC5A8141@<1=1@5>H5=2D81>@141@1B95> +)0./%+>



 

   '5>75AC91> #D;1 21;1A 141<18 7 49B5212;1> ?<58 ;?>C1; <1>7BD>7 1C1D C1; <1>7BD>7 45>71> BD8D C9>779 B5@5AC9 1@9 19A @1>1B<9BCA9; 2181> ;9=91 41>A1491B9>D7A?8?  #D;1 21;1A 141<18 ;5ADB1;1> 1C1D ;589<1>71> :1A9>71> H1>7 49B5212;1>;?>C1;45>71>BD=25A@1>1BB5@5AC91@919A@1>1B2181>;9=91 <9BCA9;41>A1491B9=DB<981  #D;121;1A141<18749B5212;1>?<58;?>C1;<1>7BD>745>71> BD8DC9>779B5@5AC9 1@919A@1>1B<9BCA9;2181>;9=9141>A1491B9:D71?<58 B5212 ;?>C1; 45>71> BD8D A5>418 "-+./%/! #D;1 21;1A 9>9 41@1C =5>71;921C;1> ;5=1C91> 1C1D 1;921C <19> H1>7 21A;19C1> 45>71> @A?2<5= 6D>7B9=1D@D> !./!/%' A5>4H =1A71A5C8  '5>HD<9CH1>7C9=2D<>CA1<19>7171<79>:1<1;D?45=1 @1AD) ().4./!)%%*"())/+-4-!.,+*.!.4* -+)!9>65;B941> .!,.%. B5AC1@1ADC $%,!-/-+"%' 41> '+*/-'/0- 'A?>?B9B41>@5>1>71>1>CD>7@14141<1= 41> H1 @5A=D;11>  @5>1>71>1> B5:1; 1F1< 89>771 @5>H5=2D81> )5<19> 9CD 613C?A <5C1; 415A18 H1>7 C5A21;1A DB91 41> ;51411> ;5B581C1> @5>45A9C1 :D71 CDADC =5>5>CD;1> ;535@1C1>





@5>H5=2D81>#D;121;1A@141415A18@5A9>5D=;5C91;<585A 41>C1>71> BD<9C41<1=@5A1F1C1>>H11>C1A1<19>;1A5>1=D418=5>71<1=9;?>CA1;CDA A5>4H =1A71A5C8   6,2/2*, '5>H5212 7;1> 41<1= 2525A1@1 :5>9B  =DB<981   1 ()!

 ;?21A1>1@949CD2D8

2 (.$

 !9<1C1>1@9;5 CD2D8

3 +(

 *5A;5>119A@1>1B

4 "?>C1;@1>1B

 *5AB5>CD825>41@1>1B

5 0*0-*

 )5>71C1>=1C181A9

6 ;921CB5>71C1><9BCA9; 7 ;921C2181>;9=91 )5>71C1> =1C181A9 2179 ;9C1 C941;<18 =5AD@1;1> =1B<18 25B1A 41> :1A1>7 C5A:149 #D;1 21;1A 1;921C ;?21A1> 1@9 41> :9<1C1> 1@9 B5A9>7 C5A:149 @141 ?A1>7 45F1B1 B541>71;1> 21H9 41> 1>1; <5298 B5A9>7 C5AB9A1= 19A @1>1B +B91A1C1  A1C1@5>45A9C17=5=5A@5A1F1C1> 49()141<18 C18D>41>D=D=>H1@A91 '14141B1A>H1BD8DH1>7C9>779 1;921C>H1 1;1> =5ADB1; ;D<9C 41> @5=2D @5=2D1;921C;5ADB1;1>@5=2D9=5>71;921C;1>39A1> @<1B=1 B5< 41A18 @A?C59> 1<2D=9> =5>71<1=9 71>77D1> 69B9?


;921C>H1 C5A:149<18 ;589<1>71> 319A1> H1>7 =1BB96 C5A71>77D>H1 319A1> 4941<1=@5=2D779:D71=5ADB1;@5=2D7 =5>71;921C;1> BD=21C1> @5=2D771 2525A1@1 :1= B5C5<18 C5A:149 A1;B9 C5AB52DC 29B1 =5>71;921C;1> A141>7 B9BC5=9; =1D@D> ;5ADB1;1>:1A9>71><91>>H11A9491C1B=1;171>>H1 CD>7 @141 :D=<18 :1A9>71> H1>7 C5A;5>1 41> ;541<1=1> 41 41> 75:1<1 DADC 45A1:1C7@1<9>7A9>71> "D<9CH1>7C5A21;1A=5>:149 =5A18 >H5A9 B1>71C B5>B9C9E5 C5A8141@ B5>CD81> 41> <5=212 1C1D =5=25>7;1; !9;1 49C5;1> 415A18 H1>7 C5A21;1A 1;1> =5=DC98 41> 25CD;2?H5212;1> ;5ADB1;1> H1>7 <5298 41<1= "D<9C =5<5@D8 41B1A>H1 C1=@1;=5A181C1D;5@DC981>41>C5A9B9?<58319A1>;5>C1<H1>7:5A>98 !9;149B5>CD8F1A>1>H125AD218=5>:149@DC9841>C5A1B1>H5A9 3 #D;121;1A45A1:1C $5>H5212;1> ;5ADB1;1> H1>7 @1<9>7 41<1= '5A=D;11>>H1 29B1 25AF1A>1 @DC98 41> <5=2DC 1C1D 25AF1A>1 89C1= 81>7DB 41> ;1B1A "5ADB1;1> B5< 41A18 =5A18 @141 415A18 H1>7 C5A21;1A 29B1



=5>H5212;1>1=5A18C5A1>7 "141>7415A18 H1>7 C5A21;1A =5<5@D8 41> A1=2DC  2DH1 !9;149B5>CD8C941;C9=2D<A1B1>H5A9;1A5>1D:D>7BH1A16 @141;D<9CC5<18=5>71<1=9;5ADB1;1> !1A9>71>H1>7C5A2D;129B1=1C9 !9;1:1A9>71>=5>71<1=9;5ADB1;1>1;921C1;1> =5A5=25B41A9@5=2D=5>H5212;1>@5=25>7;1;1>'141 7 71> B5:D=<18 25B1A 319A1> ;5A5>1 @5A5=25B1 C5AB52DC 29B1 =5>H5212;1> C5A:149 BH?; *5;1>1> 41A18 B1>71CA5>418B589>77141A18H1>7=5>71<9A;5?C1;41>?A71><19>>H1 B1>71CB549;9C  $62),5,2/2*, ;921C @5AC1=1 1 ;175C 41> ;5B1;9C1> '5=2D7 C5A@1:1= BD8D C9>779 ADB1; 41> @5A=5129<9C1B =5>9>779 )5<41A18H1>71414941<1=>H19;DCADB1;B589>77141@1CC5A:149 1>5=91 $5>9>7;1C>H1 ,!-*%%(%/. =5>H5212;1>D45=41>=5>9=2D<;1> 2D<1 H1>7 =5>71>4D>7 21>H1; 5<5;CA?<9C 1< H1>7 =5>H5212;1> 25A;DA1>7>H1 E? 9>CA1E1B;D<5A "5ADB1;1> ;D<9C 1;921C D5212;1> ;589<1>71> 319A1> 1;921C 1;921C @5>7D1@1> H1>7 25A<52981>$1BD;>H1319A1>;52D<1H1>7C5A25>CD;@141@5>75319A1>41A9;?@5>71>71B&1C1D71B25A13D><19>>H1"1A2?> =?>?;B941 1;1> =5>79;1C $!)+#(+%* 45>71> ;D1C B589>771 85=?7 C1; =1=@D <179 =5>79;1C ?;B975> *5>41 ;5A13D>1> A9>71> 141<18 <5=1B



@DB9>729>7D>7=D1<41>=D>C18 '141;5A13D>1>25A1CC5A:149;?=1 9<1 <529841A9 85=?745A9C141@1C=5>9>771< #D;1 21;1C B5A9>7 C941; BC5A9< "?>C1=9>1B9 @141 ;D<9C =1C9 H1>7 =5AD@1;1> =549D= H1>7 219; D>CD; @5ACD=2D81> ;D=1> 1;1> =5=@5A=D418 9>65;B9 >65;B9 %*%.0(%/ 491C1B9 ;1A5>1 415A18>H1 C941; C5A31@19 ?<58 @5=2D7 =5>71<1=9 CA?=2?B9B '14181< @5=2D9 =5=21F1 BHBC5= @5AC181>1> CD2D8 1C1D 1>C929?C9; "D=1> @5>H5212 9>65;B9 @141  41A9 ;D<9C @5>45A9C1 B5>49A9 :D71 41A9 ;?>C1=9>1B9 ;D=1> B1 >161B 1C1B 41> ;?>C1=9>1B9 ;D=1> 49 <9>7;D>71> AD=18 B1;9C >65;B9 >1B?;?=91< 9>9 291B1>H1 B1>71C 25A2181H1 ;1A5>1 ;D=1>H1 21>H1; H1>7 BD418

A5B9BC5> C5A8141@ */%%+/%

):1=BD8941:1C

  /$5,),.$5,7.$$.$4 1 5A1CA9>71>4H=1A71A5C8 141<18  5A1C ;A9C9B29<1 1 5A1:1C 45>71>71>C1>71> 3 #D;121;1A49B5AC19CA1D=1:1<1>>161B1C1D:1A9>71>1;729<1 1 5A1:1C 45>71>


2 5A1:1C  45>71> 7 41A9   ;53D1<9 =D;1 ;1;9 41>C1>71>

 (9>71>29<1 1 5A1:1C 45>71>741A9  2 5A1:1C ;DA1>741A9  2 #D1B71> C1A1 <19> 25A41B1A;1> -0(! +" *%*! 41A9-1<<135H19CD 1 "5@1<141><581A 2 ;CA5=9C1B1C1B G;9A941>;1>1> 3 '18141>25C9B J ;1;9G;9A941>;1>1> 4 141@5ADC@D>77D>72?;?>7G 5 '5A9>5D=41>75>5C1<91   '5A=D;11> ;1;9 <5298 ;539< &<58 ;1A5>1 9CD 497D>1;1> AD=DB

D>CD;21H941>AD=DB  41A9 (0* 41> -+2 !- D>CD;1>1;  1>1; 1B1A @A5B5>C1B9 H1>7 497D>1;1> 41<1= AD=DB  AD=DB C5AB52DC141<1871>491>771@ 

 5A41B1A;1>;541<1=1>>H1


 "541<1=1>  ;5C521<1> H1 =5>75>19 <1@9B1> !,% !-)%.  #D;1 C1=@1; 25AF1A>1 @9>; 35A18 B1=@19 =5A18 5A9C5=1 A9>71> B1=@1925A1C

 "D<9CC1=@1;=5=D31C29<149C5;1> 45=1=9>9=1<  *941;141 (%./!"9<9C81>71C ;5A9>7  *5A1B1 >H5A9 $4,!-!/$!/% 41> >H5A9 25A;DA1>7 45>71> @5>49>79>1> 1@1CB5=2D8B@?>C1>;DA1>7<5298 81A9 4 #D;121;1A45A1:1C "1A1;C5A9BC9;=5>:149 H19CD .0,!-,%%(,-/%(/$%'*!.. 41> !,, ,-/%(/$%'*!.. "1A1;C5A9BC9;9141<18  "541<1=1>  <5298 41<1= 41A9 @141 ;5C521<1> ,-/%( 41> .0,!-"%.%( 41<1=  '5>H5212>H1  ;?>C1; 45>71> 2181> 19A 1C1D 2181> @141C :9<1C1> 1@9@141@1;191>:9<1C1><1>7BD>7;9=91F91C1DB9>1A 0(/-1%+(!/

 '5>1=@9<1>  C5A41@1C 75<5=2D>7 (%./!- 1C1D 0( 25B1A 41> <5=212 H1>7 D;DA1>>H1 25AC1=218 25B1A 41> @D31C 29<1 49C5;1>



45>71> D:D>7 :1A9 B5AC1 1@129<1 C5;1>1> 49<5@1B 1;1> 25A9B9 ;5=21<9 *9=2D< 75<5=2D>775<5=2D>7 25A9B9 319A1> 25AF1A>1 :5A>98C5C1@9;5>C1<A1B1>H5A91C1DB1;9C H1>7=5>7717D41> 29<1 75<5=2D>7 C5AB52DC @5318 1;1> C5A<981C ;D<9C H1>7 25AF1A>1 ;5=5A18=5A181>  -1A>1  29>C9;29>C9; H1>7 ;DA1>7 :5<1B @DC98 3?;<1C @9>; 1C1D =5A183?;<1C1>  '5A1B11>B1>71C>H5A9  -1;CD @5>H5=2D81>  @141 .0,!-"%%( ,-/%( /$%'*!.. 41@1C B5=2D8 ;DA1>7 <5298   81A9 B541>71;1> @141 455@ ,-/%( /$%'*!.. 41@1CB5=2D8;DA1>7<5298  81A9@129<1;5ADB1;1> =5>75>19;5<5>:1A;5A9>71C;5<5>:1A<5=1;1C1D1;1AA1=2DC=1;1 @A?B5B @5>H5=2D81> =5>:149 <5298 <1=1 <179 B5;9C1A   =9>77D B5AC125A@?C5>B9=5>9=2D<;1>3131C@141;D<9C 5 #D;121;1A45A1:1C "1A1;C5A9BC9;>H1  =5>75>19 B5 ;D<9C <5=1; BD2;DC1> 41> 41@1C :D71 =5>75>19 @5A=D;11> ?C?C @5ABH1A161> 41> @5=2D7  '5>H5212>H1  ;?>C1; 45>71> 2181> 319A 1C1D @141C :9<1C1> 1@9 2181>;9=91=1D@D>;?>C1;45>71>1ADB<9BCA9;

 '5>1=@9<1>  7 49B5AC19 ;D<9C >5>7571> C5;BCDA ;1B1A 1C1D ;5A1B @5=2D7



C5A<981C 4921F18 ;D<9C 81>H1 =5>757 141 75<5=2D>7 49>49>7B1>71CC9@9BC941;=5=25B1A41>C941;@D31C29<149C5;1> #D;1C1=@1;25AE1A91B941A925AF1A>1@DC98=5A18B1=@1945>71> 3?;<1C1C1D89C1=41>C5A41@1C?45=1  )5>B1B9>H5A9B549;9C>H5A91C1D218;1> C941;C5A1B1>H5A9;1A5>1 B5A12DCB5A12DC B1A16 C5<18 ADB1; 41> A1=2DC =D418 <5@1B 29<1 493D29C  -1;CD @5>H5=2D81> BD<9C C5A:149 @5>H5=2D81> C1>45>71>F1;CD@5>H5=2D81>B5;9C1A B1=@192D<1>B5AC1 =5=5A /-*.,(*/.% ;D<9C D>CD; =5=@5A219;9 :1A9>71> ;D<9C H1>789<1>7  (0(4,.5$$1,$*126,. 1 #=5>7;1:9 $!)+'+*.!*/-.% 2 <5;CA?<9C B5AD= =5>45C5;B9 ;5C9; B59=21>71> 319A1> 41> 29?;9=9 +>CD; =5=5A9;B1 ;1<9D= C5A41@1C @5>9>7;1C1> 41<1=  :1= @5AC1=1 ;1A5>1@5>9>7;1C1>;1<9D=41@1C =5>H5212;1>85>C9:1>CD>7 3 1B41A181AC5A941>B9>1A.4141=5>7;1:9 ,0()+*(;8DBDB >H1@1413945A1 %*$(.% 1B1@ 4 +%41>;A51C9>9>=5>7;1:96D>7B979>:1< 5 +A9>1<9B9B =5>D>:D;1> =9? 7 41> 85=?;A?=?75> =5>1>41;1> ;5ADB1;1>?C?C@141@5>D8CD=5=1BC9;1>3545A19>81<1B91B1@ 7 "141A;1A2?> )+*+'.%  B5AD==5>9>7;1C@1413545A1 %*$(.% 1B1@



 203/,.$5, "?=@<9;1B941A9D7A?8? 141<18 1 4+'$%,+"+(!)%' ;921C @5AC1=1 41A9 1 ;175C 41> ;5B1;9C1>'5=2D7C5A@1:1=BD8DC9>7791;1>ADB1;41> @5A=5129<9C1B =5>9>779 )5< 41A18 H1>7 141 4941<1=>H1 9;DC ADB1; B589>771

41@1C

C5A:149

1>5=91

$5>9>7;1C>H1

@5A=5129<9C1B

=5>H5212;1> D45= 41> =5>9=2D<;1> 2D<1 45>71> =5=21F1 B5AC1 5<5;CA?<9C

1< 9>9 =5>H5212;1> 25A;DA1>7>H1 E?

9>CA1E1B;D<5A "5ADB1;1> ;D<9C 1;921C 71;921C;1> ;589<1>71> 319A1> C1=2181> ;1A5>1 @5>7D1@1> H1>7 25A<52981>319A1> H1>7=1BD;;52D<1@141
41>@5>75319A1>

@1417 '141;521;1A1>41<1=AD1>71>C5ACDCD@1C1D=D;?B1:1<1>>161B;1A5>171B1B1@D1@@1>1B H1>7C5A89B1@D45=1H1>7C5A:14941@1C=5>H5212;1> 71>77D1>25AD@1 81=21C1>:1<1>>1@1B;1A5>1D45=1<1A9>75:1<1 H1>7C9=2D<141<18 B5B1; >1@1B C1;9@>51 BCA94?A BD1A1 B5A1; 41> 4181; 25AF1A>1 75<1@ ;1A5>1:5<171 3 "5A13D>1>71B 1@1C :D71 C5A:149 ;5A13D>1> 71B & 1C1D 71B 25A13D> <19> "1A2?> =?>?;B9411;1> =5>79;1C $!)+#(+%* 45>71> ;D1C B589>771



85=?7C1;=1=@D<179=5>79;1C?;B975> *1>41C1>41;5A13D>1> A9>71> 141<18 <5=1B 29>7D>7 @DB9>7 =D1< 41> =D>C18 '141 ;5A13D>1>H1>725A1C41@1CC5A:149;?=19<1 85=?7C5A9;1C 45>71>&@5>45A9C141@1C=5>9>771< 4 ) ().4./!)%%*"())/+-4-!.,+*!.4* -+)! #D;121;1AB5A9>7C941;BC5A9< "?>C1=9>1B9@141;D<9C=1C9H1>7 =5AD@1;1> =549D= H1>7 219; D>CD; @5ACD=2D81> ;D=1> 1;1> =5=@5A=D418 9>65;B9 >65;B9 9>9 BD<9C =5>71<1=9 @5>H5=2D81> ;1A5>1 C941; C5A:1>7;1D ?<58 @5=2D7 =5>71<1=9 C8A?=2?B9B "D=1>@5>H52129>65;B925A1B1<41A9;D<9C>H1B5>49A9:D71 41A9;?>C1=9>1B9;D=1>41A9B1>161B1C1B41>;?>C1=9>1B9;D=1> 49 <9>7;D>71> @5>H1;9C *"!'.%*+.++)%( 9>9 291B1>H1 25A2181H1 ;1A5>121>H1;H1>7BD418A5B9BC5>C5A8141@ */%%+/% 5 $&)0(/%+-#*"%(0-! 41>H1 @5AD2181> ,!-)!%(%/. ',%(!- @141 H5212;1> 71>77D1> B9A;D<1B9 9 C9>7;1C B577D1> @5A6DB9 =5>H5212;1> @5AD2181> )!/%(%.)! '141 C181@ 1F1< C5A:149 @A?B5B @5AD2181> )!/+(%.)!*!-+ H1>7499;DC9@5>9>7;1C1>@A?4D;B941> @5>9=2D>1> .) ('// =5>9=2D<;1> 1B94?B9B 5>71> 141>H1 71>77D1> B9A;D<1B9 41> @5A6DB9 BD<9C D>CD; =5=@5AC181>;1> ;5<1>7BD>71>894D@B5<9B;5=9:1A9>71> 1;1>25A1;9A45>71>>5;A?B9B 1>77D1> B9A;D<1B9 =1;A? =5>H5212;1> 71>77D1> @5A6DB9 ;5 :1A9>71>:1A9>71> ?A71> @5>C9>7 C5ADC1=1 ?C1; 85@1A @1AD :1>CD>7



79>:1< H1>7B5<1>:DC>H1 =5>71<1=9;57171<1>=5>:1<1>;1> 6D>7B9>H1 1<1= =5;1>9B=5 ?@5AC181>1> CD2D8 C5A:149 71>77D1> @141 B9BC5= ;5B59=21>71> CD2D8 85=5?BC1B9B =1;1 ?A71> H1>7 49=1;BDC 41<1= 81< 9>9 141<18 79>:1< 5>71> 141>H1 @5>DAD>1> 1C1D 49B6D>7B9 79>:1< 9>9 25A21>CD2D8B5=1;9>25A1C 6 +*/-'/0+*/-'/0- =5AD@1;1> B1<18 B1CD ;?=@<9;1B9 41A9 @5>H5=2D81> 9BB31AH1>7C5A25>CD; 41A9B9B1;D<9C H1>7B581C49B;9C1A7C5AC1A9;;5B9B9;D<9C H1>7 C5A7 C5A;5>1 89>771 <1@9B1> ?C?C 41> :1A9>71> C5>4?>41@1C=5>H5212;1>C5A21C1B>H1@5A75A1;1>  (1$6$/$.5$1$$1 'A9>B9@ @5>1>71>1> DCD@1> <5B9 B5B5751A1 =D>7;9> @5>357181> 9>65;B9 =5>7DA1>79 A1B1 B1;9C @5>357181> CA1D=1 =5;1>9; @141 ;D<9C H1>7 E9C1< 41> 5<5=5> 49 41<1=>H1 41> @5=21C1B1> @5=25>CD;1>:1A9>71>@1ADC '141 B11C ;5:1491> 81< @5AC1=1 H1>7 81ADB 49<1;D;1> 141<18 =5>:1D8;1>;?A21>41A9BD=25ACA1D=1'141=;1>1@941>B9A1=;D<9CH1>7 @1>1B45>71>19A'141CA1D=12181>;9=91B9A1=;D<9C45>71>19A=5>71<9A 'A?B5B ;?17D<1B9 @A?C59> B5< 49 :1A9>71> H1>7 C5A@1:1= BD8D C9>779 25A<1>7BD>7 C5ADB F1<1D 1@9 C5<18 49@9>418;1> B589>771 49BCAD;B9 C5C1@ =5C9;1>45>71>=5>49>79>;1>415A18H1>7 C5A21;1A 41> =5=@5AC181>;1> BD8D 49>79> 9>9 @141 :1= @5AC1=1 &<58



;1A5>19CD=5A5>41=21791>H1>7C5A21;1AB5<1=1<9=125<1B=5>9C@5AC1=1 B1>71C 25A=1>611C *9>41;1> 9>9 C941; 491>:DA;1> @141 11;1>C5A:14989@?C5A=9H1>7=5>H5212;1>31A4911AA5BC *9>41;1>B5<1>:DC>H1141<18B52171925A9;DC(1>4H=3<5E?  1 #1;D;1> A5BDB9C1B9 45>71> =5=@5A81C9;1> :1<1> >161B @5A>161B1> 41> B9A;D<1B9H19CD  '5A9;B1:1<1>>161B  9<1 49:D=@19 ?2BCAD;B9 :1<1> >161B 2D;1 :1<1> >161B 45>71> @5=25AB981> :1<1> >161B .0/%+* 4B2 29<1 @5A /-'!+./+)% 41>9>CD21B9

 5A9;1>?;B975>  '1B1>7 9E <9>5 D>CD; A5B9C1B9 319A1> 25A9;1> 319A1> (# D>CD; =5>71C1B9BH?;  '1B1>7;1C5C5A2D<92D<9D>CD;@5=1>C1D1>49DA5B9B  '1B1>7 @9@1 <1=2D>7 D>CD; =5>7?B?>7;1> <1=2D>7 B5<1=1 141 %(!0.,-(%/%'  '1B1>7 @5=1>C1D C5;1>1> E5>1 B5>CA1< 35>CA1< E5>1DB @A5BBDA5 E3@ D>CD; @5=1>C1D1> B9A;D<1B9 41A18 @141 B96   2 '5A9;B1 3945A1 H1>7 C5A:149 49 B5CD; =5>5>CD;1>141>H13945A19>81<1B945A1:1C71> 45=9;91>:D=<1841>:5>9B319A1>H1>749@5AD>CD;A5BDB9C1B941@1C 49C5>CD;1>*5A1@9319A1>499>49;1B9;1>@141



45>71>  C941; 41@1C =9>D= *5A1@9 319A1> 4985>C9;1>29<1=1BD;1>?A1<41@1C=5>785>C9;1>@1A5>C5A1< D1 31A1 H1>7 <1I9= 497D>1;1> D>CD; =5>789CD>7 ;52DCD81> 319A1>@141@5>45A9C1B +>CD;=5>789CD>7;52DCD81>319A1>@14181A9@5AC1=189CD>7<18 1 5A1C2141>;7G;7G;? 41<1=  :1= @5AC1=1 )9B1>H1 4925A9;1>  :1= 25A9;DC>H1 '141 81A9 ;54D125A9;1>B5C5>718:D=<18319A1>81A9@5AC1=1 '14181A9 ;5C971 4925A9;1> B5C5>718 :D=<18 319A1> 81A9 ;54D1 )521719 =?>9C?A@5=25A91>319A1><1;D;1>@5>789CD>71>49DA5B9B  1A121GC5A $5AD@1;1> 31A1 <19> H1>7 <5298 B545A81>1 41> 21>H1; 49@1;19 !D=<18 ;52DCD81> 319A1> @141 81A9 @5AC1=1    9>9 4925A9;1> 41<1=  :1= @5AC1=1 B9B1>H1 4925A9;1> 41<1=  :1= 1A9 @5AC1=1 C5ADC1=1 4925A9;1> 5<5;CA?<9C H19CD <1ADC1> A9>75A <1;C1C ;1A5>1 C5A:149 89@?C5A=9 +>CD; 81A9 ;54D1 4925A9;1> 41A9 :D=<18 @5=25A91>81A9@5AC1=1



3 5A9;1> >1<75C93 *(#!/%' H1>7 565;C96 141<18 =?A69> 1C1D @5C949> 4925A9;1> B531A1 9>CA1E5>1 1C981C9 45>71> @5=25A91> %*/-)0.0(;1A5>1 45>71> B9;D<1B9 H1>7 C5A71>77D 1;1> C5A:149 @5>9=2D>1> 49 41<1=?C?C 4 #1;D;1> @5>3D391> 3D391>  45>71> =5<1;D;1> 452A945=5> 41> =1>49;1> @1B95> =5>77D>1;1>319A1>BC5A9<41<1=21;;8DBDBH1>7=5>71>4D>7<1ADC1> */%.!,/% */%.!,/% 741@1C49@1;19H19CD25C149>51C1D *%/-. -#!*/%  5 5A9;1> */%%+/% /+,%'( @1B;1 @5>3D391> 71> CD:D1> D>CD; =5>35718 41> =5>71C1B9 9>65;B9 H1>7 C5A:149 @141 CD; ;A9= <5298 25A=1>611C 41A9@141 25>CD; B1<5@ 1C1D ?9>C=5>C /1>7 41@1C 497D>1;1> 141<18 .%(1!- *%/-/!  )"!*% ! !//!  .%(1!.0(" %5%*! 1C1D #!*/)%.%*.0("/ "?=@A5B *%/-.-#!*/% H1>7B5<1CD; B5=D1 ;D=1> &21C <19> H1>7 21>H1; 49@1;19 141<18 .%(1!-.0(" %5%* 41<1= 25>CD; ;A9=  "A9= 9>9 B1>71C 25A7D>1;1A5>125AB961C '/!-%+.//%'=5=@D>H19A5B9BC5>B941>1=1> 6 177D>1;1>;1BB17D7;5A9>741>BC5A9< 5A9;1>B5AD=1>C9C5C1>DB1C1DC?;B9>H19CD*) 

D>9C@141?A1>7 45F1B141>B5@1AD8>H1@1411>1;1>1;



 57+$1 (3(4$9$6$1 $ (1*(46,$1 $5>DADC 1A@5>9C?   BD81> ;5@5A1F1C1> 141<18 ;5791C1> @A?65B9?>1< @5A1F1C H1>7 49>1=9B =5=2DCD8;1> ;A51C969C1B 41> 25A<1;D@14125A21719;51411>41>A5>C1>7;5894D@1>=1>DB91*181@ 41<1= =5<1;D;1> 1BD81> ;5@5A1F1C1> H19CD @5>7;1:91> 4917>?B9B ;5@5A1F1C1>@5A5>31>11>9=@<5=5>C1B941>5E1

 % (1*.$-,$1 '5>7;1:91> =5AD@1;1> 141<18 <1>71;18 1F1< 41A9 @A?B5B ;5@5A1F1C1> H1>725ACD:D1>D>CD;=5>7D=@D<;1>41C1219;BD2H5;C96=1D@D>41C1 ?2H5;C96 1C1 BD2H5;C96 49@5A?<58 25A41B1A;1> 81B9< F1F1>31A1 219; 45>71> ;<95> 1C1D@D> ?A1>7 <19> B541>7;1> 41C1 ?2H5;C96 49@5A?<58 25A41B1A;1>81B9<?2B5AE1B941>@5=5A9;B11>69B9; 41@D>@5>7;1:91>;5@5A1F1C1>@141;<95>41 @5>DAD>1> ;5;D1C1> C181>1> ;5C5A21C1B1> A5>C1>7 75A1; @1411A51H1>7B1;9C71>77D1>=1BB1?C?C@5AD2181>C?>DB  %-'0(.% *1>4145>71>3945A1B9 BH?;@5>DAD>1>>149@5A965A49BC1<@1415BCA5=9C1BH1>7 3945A1 1.+'+*/-'.%,!-%"!- D=D= 45>71> ;589<1>71> >149 ;D<9C @DC98 41>49>79>BH?;<9BCA9;C1;9;1A49BH?; 1>B95C1B >H5A949BA9C=91 BH?;<9BCA9;@5=25>CD;1>?45=1:1A9>71>B5=D1


 */!#-%/.!#+ 5:1<1 =1B1<18 C5>C1>7 ;5 ;5D1>71> ;53131C1> *1>411>B95C1B=5>1>79B;5C5A71>CD>71>=5>H1>7;1<=5>1A9; 49A9=1A18  (%)%*.% *1>41 81 DA9>5 =5>DAD> 1C1D C1;1 41 B5<1=1 61B5 41ADA1C F1A>1 =D>7;9> 89C1= ;5=5A181> 29<1 C5A:149 =5>79>49;1B9;1> ;5ADB1;1> ?C?C

)%+(+%*

41<1= 49DA5B9B B5C5<18

;52?3?A1> ;1@9<5A 41> =?29<9B1B9 319A1> ;5 41<1= B9A;D<1B9 @5>DAD>1>29B9>7DBDB1C1DC941;141;8DBDB>H1@141DAD>1> )+-/%(%/. 1C1D ,!-./(/%' #./-%'  $1;1>1>1C1D319A1> *1>41?45=1:1A9>71>D=D=1>?A5;B91=D1<1C1D=D>C18

 !0-+.!*.+-4 5:1<11A5121C1B;5B5=DC1> *1>41

@5AD2181>

?A95>C1B9

165;

@5A9<1;D

@5>DAD>1>

A56<5;C5>4?>41<1=(*@1413545A15;CA5=9C1B1;C969C1B;5:1>7 BH?;<9BCA9;  %H5A91C1D ;5>H1=1>1> 5:1<1 25A21719 >H5A9 3?>C?8  B5>B9C96 D>CD; 49B5>CD8 49C5;1> 75A1;1> D41A1 41>



@5AD2181>BD8D B541>745A1:1C;54D11>71C >H5A9 B5=5>C1A1 A5B@?> @141  45A1:1C ;54D1 C5A71>CD>7 @141 ;5DCD81> D:D>7 B1A16 H5A9  '5A>161B1> 5:1<1 C5A;DAD>7 41<1= AD1>7 C5ACDCD@ C5A@1:1= <1=1 ;5=D>7;9>1>3545A1 %*$(.% *1>41B5A1;21CD;=5>79@1AC9;5<;1A2?>41<1=B@1CD=;5C941; =1=@D1> =5>5<1> B5;A5B9 ?A1< 41> .%*+.%. 9>49;1B9 3945A1 9>81<1B9 '5>75=21>71> C?A1; =D>7;9> C5A21C1B @141 141>H1 7;1A4141:1<1>>161B ./-% +- 1C1D )!*#% ?2BCAD;B9B58D2D>71> 45>71> (-%*#+.,.)! + !)(-%*#!(  "51=1>1> *1>41 "D<9C D=D=

!./-0'.% :1A9>71> 41<1= =D>7;9 C941; C5A2D;C9

B5<1=1  81A9 B58D2D>71> 45>71> @A?B5B /-+0.)%'-+1.'0(!@1412525A1@1?B1;5@5A1F1C1>D>CD;71> >DCA9B9 ;DA1>7 41A9 ;52DCD81> CD2D8 25A8D2D>71> 45>71> 89@5A=5C12?<9B=5 41> ;52DCD81> 2179 ;5B5=2D81>


*D:D1> 41> ;A9C5A91 81B9< ;52DCD81> >DCA9B9 ;5C5A@5>D89 45>71> ;A99C5A91 81B9< C941; 141 C1>41 41> 75:1<1 =1<>DCA9B9 41> =5>7945>C969;1B9;52DCD81>>DCA9B9 >C5AE5>B9 1 "1:9 ;5=1=@D1> @1B95> D>CD; =5>41@1C >DCA9B9 H1>7 492DCD8;1> 2 $?>9C?A222141>@1B95> 3 >:DA;1>@1B95>D>CD;=5>9>7;1C;1>@A?C59>41>E9C1=9>3 4 "?<12?A1B9 45>71> 18<9 79I9 D>CD; =5>5>CD;1> :D=<18 ;1>DCA9B9H1>7492DCD8;1>@1B95>  (5B9;? C9>779 ;5;DA1>71> E? 25A8D2D>71> 45>71> ;589<1>71>319A1>=5<1?A=1< *D:D1> 41> ;A9C5A91 81B9<  @1B95> 41@1C =5>45=?>BCA1B9;1> BC1CDB 319A1>41>29?;9=91=5=219;"A9C5A9181B9<C941;141=1>965BC1B9 !$% -.%!(!'/-+(%/ B5AD= 41<1=21C1B>?A=1< >C5AE5>B9 1 F1B9 C1>41 J C1>41 E9C1< 35>CA1< E9>?DB @A5BBDA5 ,' '5A81C9;1> ;1@9<5A 41> ;5;D1C1> >149 @5A965A (1B9?>1<  =5=25A5;1>@54?=1>D>CD;@5>771>C91>319A1>41>=5>7;1:9 A5B@?>;1A49?E1B;D<5A 2 F1B9 @5>75 DA9>5 (1B9?>1<  @5>771>C91> 319A1> 49C9CA1;B9D>CD;=5H1;9>;1>A1C1 J A1C1@5>75DA9>5



3 *9=21>7 2141> B5C91@ 81A9 (1B9?>1< @5A71>C91> 319A1> C5A71>CD>7 @141 25A1C 2141> @5AC1=1 41> @5AD2181> B5<1>:DC>H1

 (5B9;? 9>65;B9 25A8D>71> 45>71>

89<1>7>H1 21A95A ;D<9C 41>

C5A71>77D>H1A5B@?>9=D> *D:D1>41>;A9C5A91 81B9<*941;C5A:1499>65;B "A9C5A9181B9<"<95> 2521B41A9C1>41C1>419>65;B941>=5>D>:D;1>;5=1=@D1>D>CD; =5>35718C9=2D<>H19>65;B9 >C5AE5>B9 1 $?>9C?A;5A5>C1>1>C5A8141@9>65;B9 2 $?>9C?AC1>4141> 75:1<19>65;B9B9BC5=9;41> 1A51  <5@1B;1> :1A9>71> *!'-+/%'  !-% !)!*B5BD19@A?7A1= 4 >BCAD;B9;1>@1B95>D>CD;=9>D=1>C929?C9;B5BD19@A?7A1= 5 :1A;1>;5@1B95>C1>4141>75:1<19>5;B9 6 5A9C18D 4?;C5A 29<1 45=1= 4A19>1B5 @DAD<5> 1C1D 21D 2DBD; 41A91A5121  %H5A9 1;DC 25A8D2D>71> 45>71> B1A16 H1>7 C5A2D;1 ;5B5=2D81> @5>1>71>1> 41> ;A9C5A91 81B9< ;5>H1=1>1> @1B95> =5>9>7;1C 45>71> ;A9C5A9181B9< =1=@D =5>75>1<9>H5A9.'(%*/!*.%/."-!'2!*.% 41>C1>41>H5A9=5>H1C1;1>A1B1>H1=1>B5C5<18>H5A925A;DA1>7 >C5AE5>B9



1 #1;D;1> @5>7;1:91> >H5A9 B531A1 '+),-!$!*.%" C5A=1BD;  61;C?A ,-!.%,%/.% 2 &2B5AE1B9A51;B9>?>E5A21<41A9;5C941;>H1=1>1> 3 "DA1>7961;C?A@A5B9@9C1B9>H5A9 4 :1A;1>C58>9;>?> "-)'+(+#%. A5<1;B1B949CA1;B94<< 5 "171> 4?;C5A 29<1 3?=@<19> C5>C1>7 @5=25A91> ?21C *(#!.% C941;25A81B9<  "5ADB1;1>9>C57A9C1B ;D<9C 25A8D2D>71>45>71>41>;A9C5A9181B9<=5>D>:D;1>9>C57A9C1B:1A9>71>=5=219; 45>71>;A9C5A9181B9< >C57A9C1B;D<9CH1>7219;29B149@5AC181>;1> .!*..% !(./%.%/. /!),!-/0-! $% -.% ,%#)!*/.% C941; 141 C5AE5>B9 1 "1:9 D;DA1> F1A>1 ;541<1=1>  :A9>71> *!'-+/%' 41>;?=49B9B5;9C1A;D<9C171AC5C1@25A1B9841>;5A9>7 3 &<5B;1><1C9?>1C1D2129?9<@141415A18 H1>7C5AC5;1> 4 #1;D;1>@5A1F1C1>7C5@1C 41>C9>41;1>;?>CA?< 9>65;B9 5 '5AC181>;1>@5>DCD@1>49;1B9 6 #1;D;1> @A?7A1= ;?<12?A1B9  B91@;1> 1C1D 21>CD @A?B54DA 254182129?


   (1*(46,$1 $14D =DA>9 =5AD@1;1> ;D=@D<1> 41A9 B1A9 2D>71 $14D 291B1>H1 C5A41@1C41<1=B1A1>7<5218H1>725A25>CD; $!'.#+* +>CD;=5>41@1C;1> =14D 41A9 B1A1>7 <5218 291B1>H1 @1A1 @5C5A>1; =5=1;19 1<1C ;?>45>B?A $14D :D71 41@1C 49@5A?<58 45>71> 31A1 49@5A1B 89>771 4941@1C;1> =14D H1>7:5A>9841>=DA>9 $14D=5>71>4D>719A #(0'+."-0'/+..0'-+..))0*%'41> 1B1= <5=1; $14D :D71 =5>71>4D>7 =9>5A1< @5>C9>7 B5@5AC9 '(.%0) "+."+-,+/..%0).+ %0)!.%)#*!.%0) 41> /!)# )5<19>9CD=14D:D71=5>71>4D>7B5:D=<1825B1AE9C1=9>E9C1=9> 41> E9C1=9>  ;?=@<5;B ,9C1=9> 9>9 =5A1>7B1>7 CD2D8 D>CD; =5=@A?4D;B9 @A?C59> 41> 8?A=?> B5AC1 =5>:171 CD2D8 41A9 25A21719 @5>H1;9C $14D :D71 =5>71>4D>7 1B1= +-#*% 41> 25A21719 5>I9= ;8DBDB>H1 5>I9> *"%-/%. 5>I9= C5AB52DC =5=21>CD =5>7D218 BD;:149 D>BDA #(0'+. 41> "(0'/+. B589>771 =D418 49B5A1@ 41> 4935A>1 CD2D8 $14D=5>71>4D>7 !*5%))4(.! 41> !*5%)(%.+.%) )531A1D=D==14D=5>71>4D>72525A1@1;?=@?>5>B52171925A9;DC 1==14B194

 1 9; 3 'A?C59>



4 (1795>I9= 5 1A1= =9>5A1< 6 ,9C1=9> 7 9:98A5>9;41>=9>H1; 8 01C J I1CF1A>1@97=5>  +$5,$6$'7 5A9;DC141<18;1B91C=14D1==14B194

141<18 1 )521719 */%)%-+ )5:D=<18 BCD49 <12?A1C?A9D= =5>D>:D;;1> 218F1 =14D =5=@D>H19B@5B969;1B9;1>4D>71>1>C9=93A?2 )5<19>9CDC5A2D;C9@D<1 21>F1 =14D =5=@D>H19 ;5=1=@D1> =5=21B=9 B5:D=<18 21;C5A9 491>C1A1>H1 '/!-%-)*!#/%1! 41> -),+.%/%" *5A>H1C1=14D=5>H5212;1>@5>9>7;1C1>C5;1>1>?B=?B9B491C1B @5A=D;11> =5>781=21C CD=2D8>H1 21;C5A9 ;5=D491> =5=2D>D8>H1 (9B5C 9>9 49C5A29C;1> C18D>  49 B52D18 !DA>1< $549B 6A9;1 )5<1C1> B5AC1 :DA>1< 1A=? &21C C18D>  2 )521719>C9@5>41A181> 941<1=2D;D*5A1@945>71>=14D;1H1$D81==14< J 1 45>71> :D4D< E9C1=9> J E9C1=9> 1>C9@5>41A181> 41> =14D H1>7 C5A:5=18;1> ?<58 'A?6 24D< <18 *8D<19=1C 4?B5> +>9E5AB9C1B1=1B;DB *D<9B1>9>949C5A29C;1>41<1=!DA>1<&A71>9B1B9



"54?;C5A1> #12?A1C?A9D= =9<9; +>9E5AB9C1B $9>>5B?C1 =5A9;1 )5A9;1C '9A5B5C>H1141<18A,9E9>?A9413;41>A'1<=5A $5A5;1=5<1;D;1>A9B5CC5>C1>7;81B91C=14DB521719@5<9>4D>7 41<1=@A?B5B@5>7?21C1>@5>H1;9C;DA1>7415A18@141C9;DB@5A3?21> 1<1= A9B5C C5AB52DC =5A5;1 =5>5=D;1> 61;C1 218F1 @5=25;D1> 41A18 4941<1= CD2D8 C9;DB J C9;DB @5A3?211> H1>7 =5>7;?=BD=B9 =14D41<1==1;1>1>=5A5;1C5A>H1C1B1>71CC9>779 1<C5AB52DCC5<18 =5>4?A?>7 A ,9E9>? 25AB1=1 A5;1> J A5;1> >H1 D>CD; =5<1;D;1> @5>5<9C91>H1>7 <5298 =5>41<1= B5@DC1A 565; 1>C9@5>41A181> H1>7 49=9<9;9=14D $5A5;1 :D71 =5<1;D;1> BCD49 C5A8141@ B5:D=<18 1H1= :1>C1> )521719>H14925A931=@DA1>=14D25AB55=B5:5>9BAD=@DC=1>9B41> =14D @DC98 25AB55= @DC98 B9< 41A9 BCD49 9CD =5>D>:D;;1> :9;1 =14D 4931=@DA 45>71> 2181> =1;1>1> H1>7 C941; =5>71>4D>7 E9C1=9> " E9C1=9> 1>C9@5>41A181> =5>D>:D;;1> 565;C9E9C1B B521719 1>C9 @5>41A181> 3 $57?21C9#D;1 )52D18 BCD49 49 =5A9;1 =5>5<9C9 @5>77D>11> =14D 41<1= =5>7?21C9  '5>5<9C91> 9>9 49@D2<9;1B9;1> 41<1= B52D18 :DA>1< =549B  C5A;5=D;1 $! )!-%* +0-*( +" 0-#!-4 C18D>  1<1=@5>5<9C91>C5AB52DC@5>5<9C9B5>71:1=5H1 49?21C9 45>71>?21C 291B1)541>7;1> ;571> <1@9B1> C9@9B



=14D ;1<9B581A9 B9<>H1 5CD@<529835@1C@141;57 H1 49H1 <5298 B549;9C DCD@ 218;1> @5=25>CD;1> :1A9>71> ;D<9C :1D8 <5298 219; 1A9 @5A3?211> C5AB52DC @5>5<9C9 =5>571B;1> 565;C969C1B =14D 41<1= =5=@5A219;9:1A9>71>;D<9C '1414?;C5A49 >491C5<18=5>77D>1;1>=14DD>CD;=5>7?21C9   @5>45A9C1
$5A5;1 :D71 =5>77D>1;1> B9=1A

.0(,$ %5%*! ?21C 545A9C1 <19>>H1 1<1= F1;CD  81A9 C5A:149 ;5=1:D1>  @5>45A9C1 H1>7 49?21C9 45>71> =14D

 "#    (1:(0%7+$17.$ 'A?B5B@5>H5=2D81>=5>:149C971$1:9424D< 141<18 1 !(%*#4,-%)-4%*/!*/%+* *1@9H1CD ;5=21<9 @5A=D;11> 25AB98 291B1>H1 C5A:149 ;1A5>1 BD1CD 9>B9B9 C941; 141 :1A9>71> H1>7 89<1>7'5>H5=2D81> 7BD>741A921791>9>C5A>1<;55;BC5A>1< 2 !(%*#4.!+* -4%*/!*/%+* *5A41@1C B521791> :1A9>71> H1>7 89<1>7 @A?B5B @5>H5=2D81> 1;1> 25A<1>7BD>7=D<1941A9@5=25>CD;1>:1A9>71>7A1>D<1B9@14141B1AB5;9C1A>H1



3 !(%*#4.!+* -4%*/!*/%+* '5>H5=2D81> 7BD>7 <1=21C 291B1>H1 B5A59>7 49B5AC19 45>71>9>65;B949@5A@5>DCD@1>D1< #D;11;1>B5=2D8B5BD1945>71>C181@1> H1>7 B@5B969;49=1>129B1 C5A:149 CD=@1>7 C9>498 'A?B5B @5>H5=2D81> CD>7 @141 :5>9B :1A9>71>H1>7ADB1;B5AC1@5>H5212H5=2D81> )/0-.% 1C1D -!)+ !(%*# 1 .! %*"().%  *5A:149@14181A9 ;5 B1=@1981A9;5  (5B@?>B575A1B5C5<18C5A:149<9;11C1D@5=25;D1>41A181C1DD>CD; =5>35718;589<1>71>41A18

 "1A1;C5A9BC9;>H1 141<18 C5A:149 C1>41C1>41 B5@5AC9 141>H1 /0)+- -0+- +(+-'(+-"0/%+*(!. C1>41C1>419>6<1=1B9  $5AD@1;1> 61B51F1< C5A:149 $!)+./.%. 41> 61B5 1;89A C5A:149>H1 "#+.%/+.%.  #1=161B59>929B1 B9>7;1C:9;1C941;C5A:1499>65;B9 2 1B5 ,-+(%"!-.91C1D !,%/!(%..%  *5A:149@14181A9;5 B1=@1981A9;5   9B52DC :D71 45>71> ".! #-*0(.% ?<58 ;1A5>1 141>H1 @5=25>CD;1> :1A9>71> #-*0(.% @141 =5>7;9<1C



 !1A9>71> #-*0(.% C5A49A9 41A9 ;?=29>1B9 1>C1A1 "%-+(./. B5< 9>6<1=1B9 @5=2D7 21AD "%-+*!'/%* 41> $40(-+*% %  ,%/!(%..% C5A:149@141 :1=@5AC1=149C1>41945>71>@5>521<1> <1@9B1> !,% !-)%. @141 C5@91> 7;1> @141 B9B9 !,%/!(%..% C5A:149@141:1=@5AC1=1 3 .!)/0-.% 1C1D -!)+ !(%*#  5<1>7BD>>741A92525A1@1=9>77DB1=@1945>71> C18D>  *5A25>CD;>H1 ;1H1>721ADH1>7=5>7D21825>CD;9>7;1C1>;5;D1C1>:1A9>71> /!*.%(!./-!*#/$

 *5A25>CD;:1A9>71>@1ADC.-/%..0! B5;9C1A  B1=1;D1C>H1 45>71>:1A9>71>B525H1 4 *5A41@1C @5>7DA1>71> B531A1 25AC181@ @141 1>C9E9C1B B5 E1B;D<1A9B1B9:1A9>71>H1>7=5>71<1=D@5A219;1>  (4$9$6$17.$ '5A1F1C1> 31;D@ @5=25AB981>

!-% !)!*

@5>7?<5B1>@A5@1A1C */%%+/%/+,%<B5AC1@5=21 "1B1 H1>7C5A2D1C 41A92181> %+(+#% %+.%./!)%' 41> .%*/!/%' 5A21719 C9>41;1> 41@1C 49<1;D;1> D>CD; =5=25AB98;1> 7 C941; C5A21;1AC5A=1BD; A1=2DC 81ADB 49 3D39 B531A1 C5A1CDA @D<1 '141 B11C @5=25AB981>  ;D<9C @5AB@5;B9 D>CD; =5=5A9;B1 C1>41 ;5=5A181> ;5A5C1;1> 1C1D 9>65;B9


49@1>71;1B @5>45; D<1 H1>7 DCD8 41@1C 49291A1;1> C5C1@9 319A1>>H1 491B@9A1B945>71>:1AD=BD>C9;41>492D1>7 '5=25AB981> H1 49<1;D;1> B581A9 B5;1<9 @141 415A18 7 C941; =5>:1<1>9 C9>41;1> @5=254181> "1<1D !.'- BD418 =D<19 =5=9B18;1> 49A9 41A9 :1A9>71> 1-%(! 4921F18>H1 H1>7 C5A:149 ;DA1>7 <5298 89>771  =9>77D @1B;1 41;1> @5=25AB981> 41> 452A945=5>B531A125ACDADC1>81ADB<5298 B5A9>749<1;B1>1;1> 41 ;5B5@1;1C1> 25AB1=1 218F1 25>CD; C5A1@9 1>C9=93A?21 H1>7 49C5A1@;1> @141  =5C?45 @5A1F1C1> B5C5=@1C H1>7 C5A219; D>CD; 7 C921;C5A9 C941; =5>BC5A9<;1> H1 =5>7DA1>79 :D=<18 21;C5A9 171A ;5B5 @?@D<1B9 =9;A?21 41@1C 49;5>41<9;1> ?<58 =5;1>9B=5 @5AC181>1> CD2D8 ;<95>B5>49A9C5A1@9C?@9;1<1;1>=5>9>7;1C;1>D@1H1D>CD;=5>7D2187 C5A2D;1 41> ;?C?A =5>:149 =5>:149 7 C5ACDCD@ 41> 25AB98  2AD>5A





  

 '(16,6$5$5,(1 '1B95>=5AD@1;1>B5?A1>7<1;9 J <1;925ADB91 C18D>45>71>9>9B91<>  25A171=1> 9B<1= 25AC5=@1C C9>771< 49 "1<91>31A (*    -?>?79A9 B5?A1>7 @5<1:1A )$ 45>71> 4917>?B1 =549B +)0./%+ '1B95> =1BD; ;5 AD=18 B1;9C C1>771<  @A9<  B5<1=1 49 AD=18 B1;9C H1>7 25AC1>77D>7 :1F12 1C1B >  141<18 *> ' 25ADB91  C18D> 25A171=1 9B<1= B5?A1>7 1H18 @5;5A:11> BF1BC1 25AC5=@1C C9>771< 49  "1<91>31A (*    -?>?79A9 8D2D>71>45>71>@1B95>141<18?A1>7CD1

 (1*.$-,$1 '5>7;1:91> 49<1;D;1> @141 C1>771<  @A9<  :1= 

 45>71> =5C?45@1>7;1:91> 0/+*)*!. "5DC1=1H1>749A1B1;1>@1B95>141<18 >H5A9@141;1;9>H1 (9F1H1C@5>H1;9CB5;1A1>7141<18>=5>71C1;1>81A9 H1>7 <11 ;5>1<@?C B11C 49B5;?<18 @141 21791> 25C9B ;1>1> 41> C5A1B1 >H5A9 @1>1B 45>71> B;1<1 >H5A9   )5C5<18 4925A9 B1<5@ C941; ;D>:D>7 B5=2D8 B589>771?<58;5?79A9@141:1= 

C1>771<



 @A9<  9  ()+ -?>?79A9 @1B95> =5>41@1C C5A1@9 .) !"!*)/ 

=7 !"! -+3%( 

=741> %+,(!*/+* (9F1H1C @1>H1;9C 418D =5>71C1;1> C941; =5=9<9;9 A9F1H1C @5>H1;9C H1>7 B5A9DB '1B95> :D71 =5>71C1;1> C941; 141 A9F1H1C 1<5A79 ?21C =1D@D>=1;1>1>1@1@D>9=D>9B1B9B5=1B1;539<<5>7;1@@1B95> C941;=5=9<9;9 ;5291B11> =5A?;?; 41> =9>D= J =9>D=1> ;5A1B >1=D> @1B95> BD;1 25A?<18A171C5ADC1=1B9<1C (9F1H1C @5>H1;9C ;5 =5AD@1;1> 1>1; @5AC1=1 41A9 25AB1D41A11>77?C1;5H1C941;=5=9<9;9A9F1H1C@5>H1;9CCDAD>1>B5@5AC9 %!/!. )!(%/0. :1>CD>7 41> $%,!-/!*.% (9F1H1C ;5B581C1> <9>7;D>71> 49B5;9C1AAD=1825AB9841>:1D841A9@??7A1=

> 1=21A  75?>?7A1=



"5C5A1>71> #1;9 J <1;9

'5A5=@D1>

$5>9>771<

>

*9>771<)5AD=18

'141@?<1@5>7;1:91>@A9=5A %-24 4941@1C;1>C941;141BD=21C1>@141 :1<1>>161B -!/$%*# 6A5;D5>B9@5A>161B1> ;1<9@5A=5>9C %-0(/%+* BD1A1 >161B E5B9;D<5A C5;1>1> 41A18   ==7 >149   @5A =5>9C 9B129<9CH (.#+2 ?=1 )31<5    , $ 3,+.0-! BD8D ℃ 1;A1< C5A121 81>71CC5A41@1C21;1A4921791>25C9B '?<1 @5>7;1:91> B5;D>45A 4941@1C;1> 41C1 @1B95> C5A;5>1 ;>1<@?C B11C 49 B5;?<18 @14121791>25C9B;1>1>41>C5A1B1>H5A9@1>1B @1B95>C941;1411<5A79 ?21C =1D@D> =1;1>1> 1@1@D> C941; B541>7 41<1= @5>7?21C1> 1C1D@D> =5>7;?>BD=B9 ?21C =1;1>1> 41> =9>D=1> H1>7 49;?>BD=B9 B5251B941>B1HDA@1B95>4921F1;5AD=18B1;9C@141C1>771<

@A9<  :1= 

B525 4925A9 B1<5@ %+,(!*/+* 41> =9>77DH1>7<1=5>71<1=96


1B9< @5=5A9;B11> 69B9; ;5B141A1> @1B95> +),+.)!*/%.  , $ 41> @5=5A9;B11> C1>41 J C1>41 E9C11> 41A18 

==76A5;D5>B9>149 ;1<9@5A=5>9C9A1=1C5A1CDA41> C5A121;D1C6A5;D5>B9 @5A>161B1> ;1<9@5A=5>9C45>71>9A1=1C5A1CDABD8D ℃ '5=5A9;B11> 69B9; B5<1>:DC>H1 25>CD; ;5@1<1 !.+$!,( 45>71> ;D<9C ;5@1<1 25AB98 A1=2DC ;D1C 41> C941; A?>C?; (,!- ;1>CD>7 =1C1 C941; ;589C1=1> '+&0*#/%1 C941; *!)%. B5<5A1 C941; %'(!-%' ,0,%( %.+'+- 491=5C5A B9=5CA9B;1>1>41>;9A9A56<5;BC5A8141@3181H1@?B9C96=5>77D>1;1>1<1C21>CD @5>75<981C1> @?B9C9694D>725AB98C941;141B5;A5<41>B9=5CA9B=D;?B1=D7979 C941;25A7C5<9>7125AB9841> C941; 141 71>77D1> @5>45>71A1> C941; 141 @5=25B1A1> ;<5>:1A C8HA?94 @141 <585A '141 @5=5A9;B11> 4141 4941@1C;1> 81B9< B521719 25A9;DC @5>75=21>71> @1AD 41> E?31< 6A5=9CDB ;1>1> 41> ;9A9 B1=1 B?>?A 49B5=D1 <1@1>7 @1AD 41> BD1A1 >1@1B E1B9;D<5A 3CDB 3?A49B C941; C1=@1; C5A121 ;D1C 41> C5A1CDA 49 9>C5A3?BC1@5;1;49B5CD>72D>H9:1>CD>7A57D<5A'5=5A9;B11> 124?=5>25>CD;B5=5CA9BD=29<9;DB25AB98C941;141:5:1B29B9>7DBDB ;1<9 @5A=5>9CB11C49@5A;DB9 ;D14A1> A54D@;D14A1> 

41> ,C9=@1>9C941;

141 @5=25B1A1> 85@1A  C941; 141 >H5A9 C5;1> @141  ;D14A1> 5>5C1<91 C941; C5A@1B1>7 +2!-/!/!- 41>C941;141 $!)+-+% @141A5;CD= "5;D1C1>?C?C49B5=D15;BC5A=9C1B;1>1>=1D@D>;9A9>9<19>H1A1>75?6 =?C9?> 1;C96 ,%(-4-!"%(! ;DA1>7 41A9  45C9; C941; 141 @5AD2181> 25>CD; CD<1>714121;1A4921791>25C9B;1>1>



*5A1@9H1>749@5A?<58@1B95>141<18 .) !"!*)/ 

=7 !"! -+3%( 

=741> %+,(!*/+*

 (47075$1$5$/$+ 1A9 41C1 @5>7;1:91> 49@5A?<58 41C1 BD2:5;C96 1>C1A1 <19> @1B95> =5>71C1;1> ;1;9>H1 C5A1B1 @1>1B 41> @5A98 49;1A5>1;1> C5A;5>1 ;>1<@?C B589>771=5>H5212;1>1>>H5A949A1B1;1>C5ADB =5>5ADB 45>71> B;1<1 >H5A9  1C1 ?2:5;C96 H1>7 49@5A?<58 @1B95> C1=@1; =5A9>79B ;5B1;9C1> 25A:1<1> @9>31>7 *4   ==7 BD8D   %149 G =5>9C5A41B1A;1>1>1<9B141C1 491=29<4917>?B1;5@5A1F1C1 >H5A91;DC 25A8D2D>71>45>71> B1A16H1>7C5A2D;1 1C1 BD2:5;C96 B5<1>:DC>H1 @1B95> =5>71C1;1>  ;1;9>H1 1C1 ?2:5;C96H1>749@5A?<58 41> ;541<1=1> 7 <5298  3= 5A41B1A;1> 1>1<9B1 41C1 491=29< 4917>?B1 ;5@5A1F1C1> ;5ADB1;1> 9>C5A7A9C1B ;D<9C 25A8D2D>71> 45>71>  41C1 BD2:5;C96 @1B95> =5>71C1;1> H1 C5A1B1 @1>1B 41> B5<1  141 @DB8 >H5A9 @141  BD8D  ℃ 5A41B1A;1> 1>1<9B1 41C1 491=29< 4917>?B1 ;5@5A1F1C1>H19CDA5B9;?9>65;B925A8D2D>71>45>71> 89<1>7>H121A95A;D<9C



 4,24,6$5',$*125(.(3(4$9$6$1  %H5A91;DC25A8D2D>71>45>71> B1A16H1>7C5A2D;1  "5ADB1;1>9>C57A9C1B;D<9C25A8D2D>71>45>71>
 (5B9;?9>65;B925A8D2D>71>45>71> 89<1>7>H121A95A;D<9C

 (4(1&$1$$1(3(4$9$6$1 '5A5>31>11> C1>771< @A9<  D>CD; 4917>?B1 ;5@5A1F1C1> >H5A91;DC 25A8D2D>71> 45>71> B1A16 H1>7 C5A2D;1 =5=@D>H19 CD:D1> B5C5<18 49<1;D;1> C9>41;1>;5@5A1F1C1>B5<1=1 ;1<9 :1=>H5A941@1C25A;DA1>745>71>81B9< H1>74981A1@;1>B;1<1>H5A9  @1B95> C941;=5A9>79B;5B1;9C1> *9>41;1> H1>7 49A5>31>1;1>1>C1A1<19>;1:9>H5A9 D>CD;=5=75C18D9B;1<1>H5A9 1:1A;1> C5;>9B A5<1;B1B9 >1@1B 41<1= D>CD; =5A9<5;B1B9;1> @1B95> 1>:DA;1> @1B95> D>CD; =5=21C1B9 75A1; @141 1A51 ;1;9 H1>7 CD; =5>7DA1>79 A5B9;? C5A:149 25>CDA1> @141 ;?<12?A1B9 45>71> 4?;C5A C5>C1>7 @5=25A91> 1>1<75C9; D>CD;=5>5>CD;1>?21C >H5A9H1>7C5@1C '5A5>31>11>D>CD;4917>?B1;5@5A1F1C1> ;54D1 ;5ADB1;1>9>C57A9C1B;D<9C 25A8D2D>71> 45>71> H19 CD:D1> B5C5<18 49<1;D;1> C9>41;1> ;5@5A1F1C1> B5<1=1  ;1<9  :1= ;5ADB1;1> 9>C57A9C1B ;D<9C C5A1C1B9 45>71>81B9<H1>74981A1@;1>C941;>H5A9C5A:149A575>5A1B9:1A9>71>;D<9CH1>7 21AD ;541<1=1>41;1>H1>749<1;D;1>1>C1A1<19>;1:941>31C1C D;DA1>F1A>1;541<1=1>71>>5;A1C9;D>CD;=5>75C18D9;141<1=1> A575>1A1B9  @5A1F1C1> 71> C5@1C D>CD; =5=5@A35@1C @5>H5=2D81> 41> 49?<5B9 =14D 1>:DA;1> =1;1> =1;1>1> H1>7 C9>779 @A?C59>



D>CD; =5=5@A35@1C @5ACD=2D81> 41> ;?<12?A1B9 45>71> 4?;C5A @5=25A911> ?21CC?@9;1<D>CD;=5>5>CD;1>?21CH1>7C5@1C '5A5>31>11> D>CD;

4917>?B1 ;5@5A1F1C1>

;5C971

A5B9;? 9>65;B9

25A8D2D>71> 45>71> 89<1>7>H1 21A95A ;D<9C 45>71> CD:D1> B5C5<18 49<1;D;1> C9>41;1>;5@5A1F1C1>B5<1=1 ;1<9 :1=C941;C5A:1499>65;B9 *9>41;1>H1>7 49<1;D;1>1>C1A1<19>;1:9CD;=5>75C18D9C1>41 J C1>419>65;B9 <1;D;1> @5A1F1C1>71>@A9>B9@BC5A9<D>CD;=5>7DA1>79;?>C1=9>1B9=5=?C9E1B9 @1B95>D>CD;=5>:171;525AB981>789>41A9;?>C1=9>1B941A9 ;?<12?A1B9 45>71> 4?;C5A @5=25A9 ?21C 1>C9 21;C5A9 D>CD; =5>785>C9;1> @5ACD=2D81>21;C5A9

 03/(0(16$5,(3(4$9$6$1 *9>41;1> ;5@5A1F1C1> H1>7 49<1;D;1> D>CD; =5>71C1B9 =1B1<18 ;5@5A1F1C1> @141 C1>771<  @A9< :1= 

 @5A1F1C =5>7;1:9 B;1<1 >H5A91;DC H1>7 25A8D2D>71> 45>71> B1A16 H1>7 C5A2D;1 =5>41@1C;1> A5B@?> 41A9 @1B95> 218F1 ;1;9>H1C5A1B1@1>1B>H5A9C5ADB=5>5ADBB;1<1>H5A9 41> @1B95> C1=@1; =5A9>779B ;5B1;9C1> )5<1>:DC>H1 =5>71:1A;11> @1B95> A5<1;B1B9 41> @5A>1@1B1> 41<1=@1B95> =5>71C1;1> 25AB5491 D>CD; 491:1A;1> 41> @1B95> C1=@1;A9<5;B'5A1F1C =5>71>:DA;1>;5D>CD;=5>79@1B91A51 ;525AB5491D>CD;=5>79@1B9 '141:1=  49<1;D;1>9=@<5=5>C1B9D>CD; 4917>?B1H1>7;54D1 H19CD ;5ADB1;1> 9>C57A9C1B ;D<9C H1>7 25A8D2D>71> 45>71> C1B9H1>749<1;D;1>141<18 =5>7;1:9;51411>=5>71C1;1>



C5A41@1C 1> C5A1B1 >H5A9 41> 1 89C1= ;5=5A181> 45>71> ;541<1=1>  3= '5A1F1C =5<1;D;1> @5A1F1C1> 71> 81C9 J 81C945>71>=5>7?<5B;1>=14D@141 =5>71C1;1> =1D4925AB98;1> )5<1>:DC>H1 @5A1F1C

=5=25A9;1> =?C9E1B9 ;5@141 @1B95> D>CD; =1;1>

=1;1>1>H1>725A79I9@A?C59>41> =5>:171;525AB981>=5>71C1;1> 25AB549141>C1=@1;=5>75AC9 '141:1=  49<1;D;1>9=@<5=5>C1B9 D>CD;4917>?B1H1>7;5C971H19CD A5B9;? 9>65;B9 H1>7 25A8D2D>71> 45>71> 89<1>7>H1 21A95A ;D<9C =@<5=5>C1B9 H1>7 49<1;D;1> =5>7;1:9 C1>41 J C1>41 9>65;B9 @1B95> =5>71C1;1> 1B )5<1>:DC>H1 @5=25A91> ?21C */%)%-+ !" -3%( 

 =7 @1B95> 25AB5491=9>D=?21C 1A9 ;54D1 @5A1F1C =5A1F1C B5>49A9 @1B95> 45>71> @5A1F1C 41C1>7 ;5AD=18 @1B95> '141 C1>771<  @A9<  :1= 

 @5A1F1C =5<1;D;1> 9=@<5=5>C1B9;5=21<9D>CD;;5C9714917>?B1;5@5A1F1C1>H5>725ACD:D1>D>CD; =5>75C18D9 141>H1 @5AD2181> C5A8141@ ;?>49B9 @1B95> B5C5<18 49<1;D;1> 9=@<5=5>C1B9 B525H1 /1>7 @5AC1=1 =5>7;1:9 ;5=21<9 >H5A9 41A9 A5B@?> BD2:5;C96@1B95>=5>71C1;1>>H5A925A;DA1>7B;1<1>H5A9 '1B95>C1=@1;C941; =5A9>79B ;5B1;9C1> )5<1>:DC>H1 =5>7;1:9  BD2:5;C96 @1B95> =5>71C1;1>7 #D;1@1B95>C1=@1;;5A9>741>;589C1=1> $5>7;1:9C1>41 J C1>419>65;B941A9A5B@?>BD2:5;C96 @1B95>=5>71C1;1> @1>1B 25A;DA1>7 41>7 C941;141@DB8



 8$/7$5,(3(4$9$6$1 )5C1<18 49<1;D;1> C9>41;1> ;5@5A1F1C1> @141 C1>771< @A9<  49<1;D;1> 5E11<9B1 41> @<1>9>7 '141 4917>?B1;5@5A1F1C1>H1>7@5AC1=1H19CD>H5A91;DCH1>725A8D2D>71>45>71> B1A16H1>7C5A2D;1 1C1BD2:5;C96@1B95> =5>71C1;1>;1;9>H1@5A98;1A5>1C1=@1;=5A9>79B;5B1;9C1>B;1<1 41>C1=@1;1<9B1;5@5A1F1C1>>H5A91;DC25@<1>9>79>C5AE5>B949<1>:CA;1> 45>71> ;1:9 >H5A9 =5<1C98 31A1 49BCA1;B9 41> ;?<12?A1B9 @5=25A911> ?21C 1>1<75B9; )5<1>:DC>H1 4917>?B1 ;5@5A1F1C1> H1>7 ;54D1 ;5ADB1;1> 9>C57A9C1B ;D<9C 25A8D2D>71>45>71>=5>71C1;1> C5A41@1C 1> 4> C5A1B1 >H5A9 1C1 ?2:5;C96  45>71> ;541<1=  3= 1B9< 1>1<9B1 ;5@5A1F1C1> ;5ADB1;1> 9>C57A9C1B ;D<9C 25 @<1>9>7 9>C5AE5>B9 49<1>:DC;1> 45>71> ;1:9 ;51411>  @5A1F1C1=  ;?<12?A1B9 @5=25A91> ?21C C?@9;1< E1?B1 H1>7 ;5C971 H19CD A5B9;? 9>65;B9 25A8D2D>71> 45>71> 89<1>7>H1 21A95A ;D<9C 1A9 41C1 BD2:5;C96 @1B95> =5>71C1;1> 1B1C1 ?2:5;C96  41> B5<11<9B1 ;5@5A1F1C1> A5B9;? 9>65;B9 25 @<1>9>7 9>C5AE5>B9 49<1>:DC;1> 45>71> ;1:9 C1>41 J C1>41 9>65;B9 <1;D;1> @5A1F1C1> 71> @A9>B9@BC5A9<41>;?<12?A1B9@5=25A91>?21C



E1771<  1@A9<  4917>?B1 ;5@5A1F1C1> B1CD 4941@1C;1> >H5A9 1;DC 25A8D2D>71> 45>71> B1A16 H1>7 C5A2D1; 1C1 BD2:5;C96 @1B5> =5>71C1;1> >H5A9>H1 25A;DA1>7 1;921C H5A9 C5A1B1 @5A98 4921791> ;1;9 45>71> B;1<1  >H5A9 C5A1B1 89<1>7 C9=2D< 1C1 BD2:5;C96 @1B95> C941; =5A9>79B ;5B1;9C1> >1<9B1 =1B1<18 C5A1C1B9 C5A1C1B9 B521791> '<19>9>7 <1>:DC;1>9>C5AE5>B95A;1:9>H5A925A9;1>@?B9B9H1>7>H1=1>;?<12?A1B945>71> 4?;C5A@5=25A91>?21C1>1<75B9; E1?B1 ;5@5A1F1C1> 4D1 ;5ADB1;1> 9>C57A9C1B 25A8D2D>71> 45>71> =5>71C1;1>H1BD418 =D<19;5A9>741>>H5A925A;DA1>7 1C1?2:5;C964941@1C;1>7 41>;589C1=1>>1<9B1;5@5A1F1C1>=1B1<18C5A1C1B9B521791>@<19>9>7<1>:DC;1> 9>C5AE5>B9 ;1:9 ;51411>  @5A1F1C1> 71> 4?;C5A @5=25A91>?21CC?@931< E1?B5 ;5@5A1F1C1> A5B9;? 9>65;B9 25A8D2D>71> 45>71> 89<1>7>H121A95A;D<9C1C1BD2:5;C96 @1B95>=5>71C1;1>741> C941; 141 @DB8 41C1 ?2:5;C96  7 ;589C1=1> 41>  C941; 141 C1>41C1>41 9>65;B9 /0)+-

+(+- '(+- -0+- "0*#.%+ (!*. >1<9B1

;5@5A1F1C1>=1B1<18C5A1C1B9B521791><1>:DC;1>9>C5AE5>B9@<19>9>7;1:9C1>41 C1>41 9>65;B9 <1;D;1> @5A1F1C1> 71> @A9>B9@ BCA5A9< ;?<12?A1B9 @5=25AC91>?21C1>C921;C5A9

! 

'141 212 9>9 @5>D<9B 1;1> =5=2181B C5>C1>7 BD81> "5@5A1F1C1>> 5>71> +)0./%+ 49 ()+ F?>?79A9 '5=2181B1> @141 212 9>9 C5ADC1=1 =5=2181B141>H1;5B5BD191>=1D@D>;5B5>:171>1>C1A1C5?A945>71>;1BDBBD81> ;5@5A1F1C1>=5=6?;DB;1> @141@5=5>D81>;52DCD81>41B1A=1>DB91=5<17;1:91>4917>?B1;5@5A1F1C1>9>C5AE5>B99=@<5=5>C1B941>5E17;1:91> =5AD@1;1> <1>7;18 1F1< 41A9 @A?B5B ;5@5A1F1C1> H1>7 25ACD:D1> D>CD; =5>7D=@D<;1> 41C1 219; BD2H5;C96 =1D@D> 41C1 ?2H5;C96 1C1 BD2H5;C96 49@5A?<58 25A41B1A;1> 81B9< F1F1>31A1 219; 45>71> ;<95> 1C1D@D> ?A1>7 <19> B541>7;1> 41C1 ?2H5;C96 49@5A?<58 25A41B1A;1> 81B9< ?2B5AE1B9 41> @5=5A9;B11> 69B9; '5>7;1:91>@141> 49<1;D;1>@141C1>771< @A9< :1= 

-  45>71> ;5 DC1=1 >H5A9 4917>?B1 =549B +)0./%+ +)0./%+ 141<18 749B5212;1>?<58;?>C1;<1>7BD>71C1DC1;<1>7BD>745>71>BD8DC9>779B5@5AC9 1@919A@1>1B<9BCA9;2181>;9=9141>A1491B9>D7A?8?  1C1 6?3DB @141 C1>771<  @A9<  4941@1C;1> 41C1 BD2:5;C96 @1B95> =5>71C1;1>;1;9>H1C5A1B1@5A9841>@1>1B;1A5>1C5A;5>1;5>1<@?C >H5A949A1B1;1> 45>71> B;1<1  >H5A9 C5ADB =5>5ADB 41C1 ?2:5;C96  >25A:1<1>@9>31>7=5A9>79B;5B1;9C1>*  ==7>149

. =5>9C BD8D   917>?B1 H1>7 49 1=29< >H5A9 1;DC 25A8D2D>71> 45>71> B1A16H1>7C5A2D;1





917>?B1  ;5@5A1F1C1> 141<18 BD1CD @5A>H1C11> H1>7 =5>:5<1B;1> A5B@?> =1>DB91 BC1CDB  ;5B581C1>  1C1D A5B9;?  @5AD2181>  @?<1 41A9 9>49E94D 1C1D ;51 @5A1F1C B531A1 1;D>C129<9C1B 41@1C =5>7945>C969;1B9 41> =5=25A9;1> 9>C5AE5>B9 B531A1 @1BC9 D>CD; =5>:171 BC1CDB ;5B581C1> =5>DAD>;1> =5=21C1B9 =5>35718  41>  =5>7D218 %DAB1<1=

 %H5A9 1;DC 141<18 @5>71<1=1> B5>B?A9; 41> 5=?B9?>1< H1>7 C941; =5>H5>1>7;1> 41> =D>3D< 1;921C ;5ADB1;1> :1A9>71> 1;CD1< 1C1D @?C5>B91< 1C1D 71=21A1> 41<1= 81< ;5ADB1;1> H1>7 B545=9;91> AD@1 */!-*/%+*( "+- /$! /0 4 +" ,%* 1F9C1> H1>7 C921C921 1C1D @5A<181>41A99>C5>B9C1BA9>71> B1=@1925A1C45>71>1;89AH1>741@1C491>C9B9@1B91C1D 41@1C49A1=1<;1>41>4DA1B9>H1;DA1>741A92D<1>%%

  1C1B1> ;1A1;C5A9BC9; >H5A9 1;DC =5>DADC %%      H19CD @5AD2181> C5;1>1> 41A18 @5AD218> 6A5;D5>B9 :1>CD>7 @5AD2181> 6A5;D5>B9 @5A>161B1>@5AD2181>B5<5A1=1;1>@5A9<1;D25A:171:171 1C1D@5A9<1;D =5<9>4D>79 415A18 H1>7 >H5A9 49<1C1B9 @D@9< 6?;DB @141 49A9 B5>49A9 9>49;1B9 >H5A9 H1>7 41@1C 491=1C9 @5AD2181> @?B9B9 D>CD; =5>789>41A9 >H5A9 71>77D1> C94DA =5<1@?A;1> >H5A9B531A1E5A21<1C1@141>H1>7B5BD1945>71>21C1B1>;1A1;C5A9BC9;141<18 =5<1@?A;1>>H5A9B531A1E5A21<@5AD2181>@?B9B9D>CD;=5>789>41A9>H5A9 C9?7491=29<D>CD;=1B1<18;5@5A1F1C1>>H5A91;DC141<18 B1A16 H1>7 C5A2D;1 1< 9>9 49;1A5>1;1> >  =5>71<1=9  31@19 45A=9B  C5C1@9 =1B98 141 5<5=5> !,%/!( H1>7C5AB9B1B5@5AC9B5< !,%/!(.(;5<5>:1A .!.!;5<5>:1A;5A9>71C41> "+(%/%'!( A1=2DC &<58 ;1A5>1 ;5ADB1;1> ;1@9<5A 41> D:D>7 B1A16 49 45A=9B H5A9 4921>49>71141>H19A9C1B9D:D>7B1A16B5>B?A9;



>C5AE5>B9 141<18 BD1CD @A?B5B 49 41<1= @5=53181> =1B1<18 H1>7 =5AD@1;1> ;5@DCDB1> 1F1< C5>C1>7 B5BD1CD 1@1 H1>7 1;1> 49<1;D;1> 21719=1>1 49<1;D;1> ;1@1> 49<1;D;1> B91@1 H1>7 =5<1;D;1> 41A9 B5=D1 C9>41;1> ;5@5A1F1C1> 545>    >C5AE5>B9 1C1D A5>31>1 H1>7 1;1> 49<1;D;1> ?<58 @5>D<9B 49B5BD19;1> 45>71> ;?>49B9 @1B95> 41> 61B9<9C1B H1>7 141 B589>771 A5>31>1 C9>41;1> 41@1C 49<1;B1>1;1> 45>71> )$(* ,!.%"%' !.0-(! !,/*! .%+*( 41> %)%*#545> '5=2181B1>41A99>C5AE5>B9H1>7=5<9@DC9CD:D1>;A9C5A91 81B9<41>C9>41;1>H19CD@1414917>?B1;5@5A1F1C1> >C5AE5>B9 C1>771<  @A9<  D>CD; 4917>?B1 ;5@5A1F1C1> >H5A9 1;DC 25A8D2D>71> 45>71> B1A16 H1>7 C5A2D;1 =5=@D>H19 CD:D1> B5C5<18 49<1;D;1> C9>41;1>;5@5A1F1C1>B5<1=1 ;1<9 :1=>H5A941@1C25A;DA1>745>71>81B9<H1>7 4981A1@;1> B;1<1 >H5A9  @1B95> C941; =5A9>79B ;5B1;9C1> *9>41;1> H1>7 49A5>31>1;1> 1>C1A1 <19> ;1:9 >H5A9 D>CD; =5=75C18D9 B;1<1 >H5A9 1:1A;1> C5;>9B A5<1;B1B9>1@1B41<1=D>CD;=5A9<5;B1B9;1>@1B95> 1>:DA;1>@1B95>D>CD;=5=21C1B9 75A1;@1411A51;1;9H1>7CD;=5>7DA1>79A5B9;? C5A:14925>CDA1>@141 ;?<12?A1B9 45>71> 4?;C5A C5>C1>7 @5=25A91> 1>1<75C9; D>CD; =5>5>CD;1> ?21C >H5A9H1>7C5@1C =@<5=5>C1B9 141<18 @5<1;B1>11> 41A9 A5>31>1 9>C5AE5>B9 D>CD;  =5>31@19 CD:D1> H1>7 B@5B969; %DAB1<1=

 =@<5=5>C1B9 D>CD;

=5>71C1B9 =1B1<18

;5@5A1F1C1> @141 >  BD418 49<1;D;1> B5=D1  B5BD19 45>71>  @5A5>31>11> *9>41;1>  H1>7 BD418 49<1;D;1> B5<1=1 4D1 81A9141<18 =5>7;1:9 >H5A9 =5>71>:DA;1> ;<95> D>CD; =5=21C1B9 75A1; @141 1A51 H1>7 CD; =5>79@1B9 1A51 H1>7 7;?<12?A1B9;1> 45>71> 4?;C5A



@5=25A91> ?21C .) )!"*)/ .) )!"*)/141<18 ?21C *(#!.% *+* *-'+/%' D>CD;=5A541;1>>H5A9=9B1<>HB1;9C;5@1<1>H5A9 ?C?CCD<1>7>H5A9;1A5>1 41;1> 9>C5<5;CD1< D>CD; =5<5>7;1@9 @A?B5B  ;5@5A1F1C1> H1>7=5>1>41;1>;525A81B9<1>41A94917>?B9B;5@5A1F1C1>A5>31>19>C5AE5>B941> 9=@<5=5>C1B9>H1%DAB1<1=

E1CD;4917>?B1>H5A91;DC25A8D2D>71> 45>71> BA16 H1>7 C5A2D;1 @141 81A9 ;54D1 4941@1C;1> >  =5>71C1;1> >H5A9 4921791>;1;925A;DA1>7B;1<1>H5A9 >H5A989<1>7C9=2D<;<95>C1>@1;A9<5;B41> C941;25A:1<1>@9>31>7 B589>7711>1<9B1 =1B1<18C5A1C1B9 1C1 6?;DB@141C1>771< @A9<  B5<1>:DC>H1141<18@1B95>=5>71C1;1> ;1;9>H141>C5A1B1>H5A941C1?2:5;C96 ;541<1=1> 7 <5298 3= 91=29< 4917>?B1 ;5@5A1F1C1>;5ADB1;1>9>C57A9C1B;D<9C25A8D2D>71>45>71> 9>C57A9C1B ;D<9C 141<18 ;D<9C =5>71<1=9 71>77D1> 1C1D @5AD2181> 5@945A=9B 41> 45A=9B %%  1C1B1> ;1A1;C5A9BC9; ;5ADB1;1> 9>C57A9C1B ;D<9C =5>5DADC %% 141<18 ;5ADB1;1> <1@9B1> ;D<9C  !-)%. 71>77D1> @5A=D;11> ;D<9C !,% !-)%. 1C1 H1>7 4941@1C @141 >  H1>7 B5BD19 45>71> 21C1B1> ;1A1;C5A9BC9; 141<18 71>77D1> @141 <1@9B1> ;D<9C

!-)%. 41> @5A=D;11>

!,% !-)%. ;1A5>1@1B95>=5>71<1=9C5AE5>B9 ;5ADB1;1> 9>C57A9C1B ;D<9C 25A8D2D>71> 45>71>  @5>D<9B =5A5>31>1;1> C9>41;1>  .  :1= 45>71> ;A9C5A91 81B9< 9>C57A9C1B ;D<9C 41@1C 49@5AC181>;1> B5>B1B9 !(./%.%/. /!),!-/0-! 894A1B9 ,%#)!*/.% C941; 141 71> 21AD %%



A5>31>1C9>41;1> 141<18;1:9CD; =5>75C18D19;51411> @5A1F1C1> 77D>1;1> =14D D>CD; =5=@5A35@1C @A?B5B @5>H5=2D81> 1 =14D =5=@D>H19 ;1B91C D>CD; =5=@5A35@1C @5>H5=2D81> :DA;1> ;<95> 21>H1; =1;1> H1>7 =5>71>4D>7 @A?C59> D>CD; =5=@5A35@1C @A?B5B @5>H5=2D81> ;1A51>1 @A?C59> 141<18 I1C @5=21>7D> B589>771 @A?C59> 41@1C =5=@5A35@1C@5>H5=2D81>71>4?;C5A@5=25A91>?21C /+,%( &21CC?@931< 141<18;A9=H1>7497D>;1>D>CD;=5=21>CD@A?B5B@5>H5=2D81>C1B9 D>CD; =5>71C1B9 =1B1<18 ;5@5A1F1C1> @141 >  BD418 49<1;D;1>B5=D1B5BD1945>71>@5A5>31>11>*9>41;1>H1>7BD41849<1;D;1>B5<1=1 4D1 81A9 H19CD =5>7;1:9 ;51411>  @5A1F1C1> 77D>1;1> =14D =5>71>:DA;1> ;<95> 21>H1; =1;1> H1>7 =5>71>4D>7 @A?C59> =5>7;?<12?A1B9;1> 45>71> 4?;C5A @5=25A91> ?21C

%+,(!*/+* 41<18 ?21C

C?@931< H1>7 25A7D>1 D>CD; =5=21>CD @A?B5B 5@9C1<9B1B9 41> @A?B5B @5>H5=2D81> @14141;1>;5@5A1F1C1>H1>749<1;D;1>@5>D<9B25A6?;DB @141@5A1F1C1>77D>1;1>=14DC9>41;1>H1>749<1;D;1>25A=1;BD4 D>CD; =5=@5A35@1C @5>H5=2D81> 77D>11> =14D @141 9>7;1C;1> F1;CD @5>H5=2D81> 49>7;1> 45>71> 175> @5A1F1C1> 7 <19> #9C5A1CDA <19> :D71 =5>D>:D;1> 218F1 =14D 41@1C =5>7DA1>79C9>7;1C9>65;B9(9?41> I9I )52D18BCD4949=5A9;1=5>5<9C9 @5>77D>11> =14D 41<1= =5>7?21C9  '5>5<9C91> 9>9 49@D2<9;1B9;1> 41<1= B52D18 :DA>1< =549B C5A;5=D;1 $! )!-%* +0-*( +" 0-#!-4 C18D>  1<1=@5>5<9C91>C5AB52DC@5>5<9C9B5>71:1=571><1@9B1>C9@9B=14D ;1<9B581A9 1B9<>H15CD@



<5298 35@1C @141 ;57 H1 49H1 <5298 B549;9CDCD@218;1>@5=25>CD;1>:1A9>71> ;D<9C:1D8<5298219; $14D =5>H5212;1> @5>9>7;1C1> C5;1>1> +.)+.%. 491C1B @5A=D;11>  =5>781=21C CD=2D8>H1 21;C5A9 ;5=D491> =5=2D>D8>H1 (9B5C 9>9 49C5A29C;1>C18D> 49B52D18!DA>1<$549B6A9;1)5<1C1>B5AC1:DA>1<1A=? &21C C18D>   81==14 '141 4?;C5A 49 >491 C5<18 =5>77D>1;1> =14D D>CD; =5>7?21C9   @5>45A9C1 77D>1;1> B9=1A BD<@81491I9>5?21C545A9C1<19>>H11<1=F1;CD 81A9 C5A:149;5=1:D1>@5>45A9C1H1>749?21C9 45>71>=14D1==14B194

 1C1H1>749@5A?<58@5>D<9B@141 >@1B95>=5>71C1;1> ;1;9>H141C1?2:5;C96;541<1=1>7<5298 3=C9>41;1>H1>749<1;D;1>141<18@5A1F1C1>71>=14D C9>41;1>H1>749<1;D;1>25A@5>71AD8C5A8141@@5>H5=2D81>H19CD 49<981C@1415E1C1=@1;;5A9>7>H5A925A;DA1>7C941;141 @DB841>C941;C5A:149C1>41C1>419>65;B9B5@5AC9 /0)+- +(+-'(+--0+-"0*#.%+ (!. *9>41;1>@5A1F1C1>71>=14D @141 ;<95> H1>7 =5>71<1=9
81ADB B575A1 49<1;D;1> C9>41;1> ;5@5A1F1C1> 171A 9>C57A9C1B ;D<9C

H1>7 219; 29B1 49@5AC181>;1> C941; 141 41;1> H1>7 49<1;D1> C941; =5>5=D9 81=21C1> ;1A5>1 C5A:1<9> ;5A:1B1=1 H1>7 219; 1>C1A1 @5>D<9B @1B95> 41> ;5 '5>D<9B =5>7;1C57?A9;1>   #D;1 21;1A 45A1:1C  49C1>419 ;D<9C =5<5@D8 41B1A>H1 C1=@1; =5A18



1C1D ;5@DC981> 41> C5A9B9 ?<58 319A1> ;5>C1

7 :5A>98 :9;1 49B5>CD8 F1A>1>H1 25AD218=5>:149@DC98 C5A1B1>H5A9 $1:94  E1CD;4917>?B1;5ADB1;1>9>C57A9C1B;D<9C@141 81A9;54D14941@1C;1> >=5>71C1;1>H1BD418=D<19;5A9>7>H5A925A;DA1>741C1?2:5;C967=1B1<18C5A1C1B9B521791>;1A5>1>H5A9;<95>25A;DA1>77 1C1 6?;DB @141 C1>771<  @A9<  B5<1>:DC>H1 4941@1C;1> 41C1 BD2:5;C96 >=5>71C1;1> H1C5A1B1@1>1B41C1?2:5;C96 141 @DB8 >H5A9 @141  BD8D   '5>D<9B =5AD=DB;1> =1B1<18 ;5@5A1F1C1>H1>7491=29<49B5BD19;1>45>71>4917>?B1%%B589>771491=29< 4917>?B5;5@5A1F1C1>A5B9;?9>65;B925A8D2D>71>45>71>89<1>7>H121A95A;D<9C (5B9;? 9>65;B9 25A8D2D>71> 45>71> 89<1>7>H1 21A95A ;D<9C 141<18 =5>71<1=9 @5>9>7;1C1>A5B9;? C5AB5A1>7?A71>9B=5@1C?75>9;%%  >C5AE5>B9D>CD;4917>?B1;5@5A1F1C1>C971A5B9;?9>65;B925A8D2D>71>45>71> 89<1>7>H121A95A;D<9C45>71>CD:D1>B5C5<1849<1;D;1>C9>41;1>;5@5A1F1C1>B5<1=1  ;1<9  :1= C941; C5A:149 9>65;B9 *9>41;1> H1>7 49<1;D;1> 1>C1A1 <19> ;1:9 CD;=5>75C18D9C1>41 J C1>419>65;B9 <1;D;1>@5A1F1C1>71>@A9>B9@BC5A9< D>CD; =5>7DA1>79 ;?>C1=9>1B9 =5=?C9E1B9 @1B95> D>CD; =5>:171 ;525AB981> 789>41A9;?>C1=9>1B941A9;?<12?A1B945>71>4?;C5A@5=25A9?21C */%%+/% D>CD;=5>785>C9;1>@5ACD=2D81>21;C5A9 =@<5=5>C1B9 D>CD; =5>71C1B9 =1B1<18 ;5@5A1F1C1> @141 >  BD418 49<1;D;1> B5=D1 B5BD19 45>71> @5A5>31>11> *9>41;1>  H1>7  BD418  49<1;D;1> B5<1=1 4D1 81A9 H19CD =5>7;1:9  @5A1F1C1> 71> C5@1C =5=?C9E1B9 ;<95> =5>:171 ;525AB981> @141 1A51 H1>7 7;?<12?A1B9;1>



45>71> 4?;C5A @5=25A91> ?21C !" -+3%( !" -+'.%( 141<18 ?21C H1>7 497D>1;1> D>CD;=5>35718C5A:149>H19>65;B9  )&  1;C?A @5>781=21C B11C @1B95> 49<1;D;1> 9=@<5=5>C1B9 7C941;BC5A9< +*/)%*.% @141;D<9C=1C9H1>7=5AD@1;1>=549D=H1>7219; D>CD;@5ACD=2D81>;D=1>1;1>=5=@5A=D4189>65;B9 >65;B99>9BD<9C=5>71<1=9 @5>H5=2D81>;1A5>1C941;C5A:1>7;1D?<58@5=2D7=5>71<1=9 /$-+)+.%. "D=1> @5>H5212 9>65;B9 25A1B1< 41A9 ;D<9C>H1 B5>49A9B589>771 ;<95> =5=@D>H19 A5B9;? C5A8141@ 9>65;B9 41> 81ADB B575A1 49C1>71>9 '5>D<9B C941; =5=9<9;9 81=21C1> 41<1= =5<1;B1>1;1> 9=@<5=5>C1B9 81< C5AB52DC ;1A5>1 141>H1 ;5A:1B1=1H5>7219;1>C1A1@5>D<9B@1B95>41>C9=;5B581C1>H1>7<19> E1 >  =5>71C1;1> H1 =D<19 ;5A9>7 41> C941;141>1>1841C1?2:5;C967C941;141>1>18C941;141C1>41 41>75:1<19>65;B9/0)+- +(+-'(+--0+-"0*#.%+(!.=1B1<18C5A1C1B9B521791> ;1A5>1C941;141C1>4141>75:1<19>65;B9

!  

 ,037/$1 )5C5<18 49<1;D;1> C9>41;1> ;5@5A1F1C1> @5A1F1C1> 77D>1;1> =14D @141 @1B95> >   45>71> +)0./%+ 49  ()+ -?>?79A9=1;1@5>D<9B41@1C=5>1A9; B9=@D<1>  '5>7;1:91>H1>74941@1C41A9>141<18@1B95>=5>75H1 C5A1B1 @1>1B41>@5A9849;1A5>1;1>C5A;5>1;5>1<@?C4921791>25C9B;1>1>45>71> B;1<1  >H5A9 49A1B;1> C5ADB =5>5ADB 41C1 ?2:5;C96 ;<95> C1=@1; =5A9>79B ;5B1;9C1>  ;541<1=1> 7 <5298  3= C5A41@1C @DB8 C5;1>1> 41A18   ==7 >149

G =5>9CBD8D  A5B@9A1C?A9 G =5>9C  917>?B1;5@5A1F1C1> 917>?B1 H1>7 =D>3D< 141<18 >H5A9 1;DC 25A8D2D>71> 45>71> B1A16 H1>7 C5A2D;1 4917>?B1 H1>7 ;54D1 ;5ADB1;1> 9>C57A9C1B ;D<9C 25A8D2D>71> 45>71> ?B1 H1>7 C5A189A A5B9;? 9>65;B9 25A8D2D>71>45>71>89<1>7>H121A95A;D<9C



>C5AE5>B9;5@5A1F1C1> >C5AE5>B9H1>7BD41849<1;D;1>1>C1A1<19> 1 >H5A91;DC25A8D2D>71>45>71>B1A16H1>7C5A2D;1





>C5AE5>B9 ;1:9 >H5A9 =5>71:1A;1> C5;>9B A5<1;B1B9 >1@1B 41<1= =5>71>:DA;1>@1B95>D>CD;=5=21C1B975A1;@1411A51;1;9H1>7;?<12?A1B945>71> 4?;C5AC5>C1>7@5=25A91>1>1<75C9; 2 "5ADB1;1>9>C57A9C1B;D<9C25A8D2D>71>45>71>C5AE5>B9 ;1:9 41> 31C1C D;DA1> F1A>1 ;541<1=1> 71> >5;A1C9;=5<1;D;1>@5A1F1C1>71>C5@1C=571>:DA;1>=1;1> =1;1>1>H1>7C9>779@A?C59>41>;?<12?A1B945>71>4?;C5A@5=25A911> ?21CC?@931< 3 (5B9;?9>65;B925A8D2D>71>45>71>89<1>7>H121A95A;D<9C >C5AE5>B9 ;1:9 C1>41 41> 75:1<1 9>65;B9 =5<1;D;1> @5A1F1C1> 71> @A9>B9@ BC5A9< =5=?C9E1B9 @1B95> D>CD; =5>:171 ;525AB981> ;?<12?A1B945>71>4?;C5A@5=25A9?21C1>C921;C5A9 

=@<5=5>C1B9;5@5A1F1C1> =@5<5>C1B9;5@5AF1C1>H1>7BD41849<1;D;1>141<18 1 >H5A91;DC25A8D2D>71>45>71>B1A16H1>7C5A2D;1 =@<5=5>C1B9 =5>7;1:9 >H5A9 =5<1C98 C5;>9B A5<1;B1B9 >1@1B 41<1= =5>71>:DA;1>@1B95>D>CD;=5=21C1B975A1;@1411A51;1;9H1>7=5>7;?<12?A1B945>71>4?;C5AC5>C1>7@5=25A91>1>1<75C9; 2 "5ADB1;1>19>C57A9C1B;D<9C25A8D2D>71>45>71>C1B9 H1>7 49<1;D;1> @5>D<9B =5>7;1:9 ;51411> @5A1F1C1> 71> =14D D>CD; =5=@5A35@1C @5>H5=2D81> =5=?C9E1B9 ;<95> 21>H1; =1;1> H1>7 =5>71>4D>7 @A?C59>41>=5>7;?<12?A1B945>71>4?;C5A@5=25A911>?21CC?@931<



3 (5B9;?9>65;B925A8D2D>71>45>71>89<1>7>H121A95A;D<9C =@<5=5>C1B9=5>7;1:9C1>4141>75:1<19>65;B9=5<1;D;1>@5A1F1C1> 71>@A9>B9@BC5A9<=5=?C9E1B9@1B95>D>CD;=5>:171;525AB981> =5>7;?<12?A1B945>71>4?;C5A@5=25A9?21C1>C921;C5A9  E1CD; 4917>?B1;5@5A1F1C1> @5AC1=1=1B1<18C5A1C1B9 2 E1CD;49171>?B1;5@5A1F1C1>;54D1C5A1C1B9B521791> 3 E1CD;4917>?B5;5@5A1F1C1>C5A189A=1B1<18C5A1C1B9B521791>  1B9< 1>1<9B1 H1>7 4941@1C @5>D<9B H19CD @5>71AD8 @5A1F1C1>
 45>71> =14D C5A8141@ <1=1 @5>H5=2D81> 565;C96 D>CD;

@5>H5=2D81>7C941;141@DB8>H5A925A;DA1>7

 $4$1 )5C5<18 @5>D<9B =5<1;D;1> 1BD81> ;5@5A1F1C1> @141 > 4 45>71>

+)0./%+ @5>D<9B =5=25A9;1> DBD<1> 41> =1BD;1> @?B9C96 @141 2941>7 ;5B581C1>1>C1A1<19>  179 @1B95> 981A1@;1>

1BD81>

;5@5A1F1C1>

H1>7

4925A9;1>

D>CD;

@1B95>

41@1C=5=25A9=1>611C 2179@1B95>41<1=D@1H1@5>357181>;?=@<9;1B  1799>BC9CDB9 1 179AD=18B1;9C 981A1@;1> AD=18 B1;9C 41@1C =5=25A9;1> @5<1H1>1> ;5B581C1> 41> =5=@5AC181>;1> 8D2D>71> ;5A:1B1=1 219; 1>C1A1 C9= ;5B581C1>



=1D@D> ;<95> B589>771 41@1C =5>9>7;1C;1> =DCD @5<1H1>1> 1BD81> ;5@5A1F1C1> H1>7 ?@C9=1< @141 D=D=>H1 41> ;<95> +)0./%+ ;8DBDB>H1 2 179 @5>4949;1> 1@1C=5>9>7;1C;1>=DCD@5<1H1>1>@5>4949;1>H1>7<529825A;D1<9C1B B589>771 41@1C =5>871B9<;1> @5A1F1C H1>7 @A?65B9?>1< C5A1=@9< 9>?E1C96 41> 25A=DCD 41<1= =5=25A9;1 1BD81> ;5@5A1F1C1> B531A1 ;?=@A585>B9625A41B1A;1>9<=D41>;?455C9;;5@5A1F1C1>

 179 C5>171;5B581C1>;8DBDB>H1@5A1F1C 981A1@1;1> 1BD81> ;5@5A1F1C1> H1>7 BD418 4925A9;1> 29B1 49:149;1> B521719 2181> =1BD;1> 41<1= @5=2D1C1> @A?7A1= ;5A:1 H1>7 =5AD@1;1> 25>CD;9>C5AE5>B941A9;5B581C1>@1B95>;8DBDB>H1@141@1B95> +)0./%+  179@5>D<9B )5C5<18 =5<1;D;1> C9>41;1> ;5@5A1F1C1> @141 @1B95>

+)0./%+

4981A1@;1> @5>D<9B 41@1C <5298 =575C18D9 31A1 @5>1>71>1> @141 @5>H1;9C

+)0./%+ 41>41@1C=5>75=21>7;1> F1F1B1>41<1==5>1>71>9=1B1<18 ;5@5A1F1C1> +)0./%+

   

=660$D6A070#D70AC>=>  -:*)6,16/)6#16/3)<-;-5*=0)6=3))3): -:)2)<  )6<):) -5*-:1)65),= #7813)4 -3<): 781 ,-6/)6 "14>-: "=4.),1)A16- 8),) #13=; =<10 !)<<=;67:>-/1+=; )6<)6 )4=: "8:)/=)?4-@ 7CC? B27>;0A6>>6;42>< B27>;0A@&4A10=38=60=*8=6:0C!4B4<1D70= "D:00:0A4A090C0=C0A0&4<14A80=#03D*>?8:0;$4:C0A!>?8 34=60=)8;E4A)D;50380I8=4?030*8:DB&DC87(0CCDB=>AE4682DB 0=C0= 0;DA)?A06D40F;4H1C=7;830B/B3C   3806B4B ?030 C0=660; ?A8; AD==4A)D330AC7

$$! !&# ,1;1

 +!+!%!*($ 0:0AC0 4A<0F0=4=34= &A>B4B!4?4A0F0C0=.>6H0:0AC0>BH4=&D?;8B8=6 4F8 .D;80 (0C=0 )8=C80

 $ ! " $$  %"#" !"" " $ #!#  "#!# 7CC? B27>;0A6>>6;42>< B27>;0A@"+!!(!%$)&+#+# $$,)*)())!"$)"+!$*#%(*# $&%)*#%(*#1C=7;830B/B3C  3806B4B?030C0=660; ?A8; 8=0 4F8 )0=0AC> *0@8H07

 !$ !&" !&# $!!#$#!!#!  '$ $ 7CC? B27>;0A6>>6;42>< B27>;0A@&$(+(!-$)&(*$ "+!!(( *$$#+$*("%( *(&"#&$.#+$"+!1C=7;830B/B3C

  3806B4B?030C0=660;<48  A024  &84A24  $48; ( >A;4H

 < ) 4)6+- 45= -,)0 ,1;1 -<1/) A;0=660 0B0=D; A858=  &4=64;>;00= =54:B8 &030 &0B84= "D:0 0:0A 38 +=8C &4A0F0C0= =C4=B85 0<<8 ;+074):/77/4-+75 ;+074):9 -6/-474))66.-3;1 ),) );1-6 =3))3):,1$61< -:)?)<)66<-6;1.*<6041,);(;,<   3806B4B?030C0=660;?A8;  )%8=5>A<0B8B?4B80;8C4>10C  )8:0C0=B0A90=050A<0B88=3>=4B80 90:0AC0

!0AC>70C<>39> )D=0AB>

 "+! !( %#+)*% 0<<8 ;+074):/77/4-+75 ;+074):9"+!!(%#+)*% 041,);(;,<  

!0;BD<+<8.D;80=-898+C0<8"8=0<05D;0  &($&(-*$ "+! !( ( *  #$+$!$ !)*(! !" ;H28=4 <0G $ $%(#" )"$ *(& +#" )" (%") & *!+) (0CCDB =>AE4682DB "+( -)*( 7CC? B27>;0A6>>6;42>< B27>;0A@&($&(-*$"+! !(( *#$+$!$!)*(!!" ;H28=4 <0G$$%(#")"$*(& +#")"(% ")&*!+)(0CCDB =>AE4682DB"+(-)*(7;830B/B3C   3806B4B ?030  ?A8;  #0983$  13D;  6DB )0AF> &A0H>68  =3= 16<): !&# " $! >BH4=&D1;8B78=6 .>6H0:0AC0 #+)" )!4?$B   !&# &# !$!# 4=; 76<70 ;3-8-6/)6 -6,-3)<)6$D70#438:0.>6H0:0AC0 $DAB0;0<

&A>B4B30=>:D<4=C0B8!4?4A0F0C0=)0;4<10#438:0 0:0AC0 $DA0A85 # !DBD<0 0A378  " "$  !&# !"!"" 38B8 &A>5 A )0783 0<<03

  !-;-8 "-0)< ,-6/)6 ),= '-#! )>;> (4=3H # ;4E>  #0A60A4C7 *  ;=0)6 -8-:)?)<)6 -,13)4 -,)0 -6@)31<)4)5 $D70#438:0.>6H0:0AC0 (>=0;30 D3H0=C0A0  #D70AC>=>  &($$$ *$!* !)#+$ "+! !( $*( &#($ #+ $ !"$#)$)( *%&!" & *!+) &+*7CC? B27>;0A6>>6;42>< B27>;0A@&($$$*$! *!)#+$"+!!($*(&#($#+ $!"$#)$)(*%&!"&*!+)&+* 1C=7;830B/B3C   3806B4BC0=660;?A8; )70I8C0 03810 #0ACH0A8=8 $090CD;;07 ! #+ "# &*")) "+! !( ( * + $!" 7CC? B27>;0A6>>6;42>< B27>;0A@!#+"#&*") )"+!!(( *+ $!"1C=7;830B/B3C   3806B4BC0=660;?A8;

)90=6

 =3=2): $  ,1;1  D:D !43>:C4A0= 0:0AC0 $+(%% *+$  -6/=6/3)8<-6<)6/=3))3)::<:1<1;!-5)<71, $D70#438:0 ->=6 3;  3::

 D:D 90A !4?4A0F0C0= &4380CA8 ,>;D<  38B8  D:D !43>:C4A0= 0:0AC0 .>E8C0

)>5A80=8

 &$$$$ "+! !( 7CC? B27>;0A6>>6;42>< B27>;0A@&$$$$"+!!(1 C=7;830B/B3C   3806B4B?030C0=60; ?A8;