Hydraulické hadice
Transkript
Hydraulické hadice
)ZESBVMJDLÏIBEJDF .9$/,71ĕ 5<&+/( /(91ĕ 7) 9\VRNRWODNiKDGLFHVGXãt37)( .RQVWUXNFH 9QLWĜQtYUVWYD3RO\WHWUDIOXRUDWK\OHQ 7ODNRYêQRVQtN3OHWLYR]QHUH]RFHORYpKRGUiWX 2EODVWSRXåLWt6WĜHGRWODNi]DĜt]HQtVK\GUDXOWHNXWLQDPLSĜLY\ VRNpWHSORWČVDJUHVLYQtPLPpGLLSURFKHPLFNêSUĤP\VOWHFKQLNX SRYUFKĤNRPSRQHQWRYi]DĜt]HQt 7HSORWQtUR]VDK&Då&SURWUYDOpWHSORW\ 6NXSLQDYêURENĤ 9HOL9QLWĜ9QČMã3URYR]QtWODN7UKDFtWODN3RORKQXWt SDOHFSUĤPSUĤPEDU0SD 2]QDþHQt'1NRVW SV L EDU0SDSV LPP VWXSHĖY\XåLWtSĜtSXVWQêFKSURYR]QtFKWODNĤ 7) 9\VRNRWODNiKDGLFHVGXãt37)( .RQVWUXNFH 9QLWĜQtYUVWYD3RO\WHWUDIOXRUDWK\OHQ 7ODNRYêQRVQtN'YČSOHWLYD]QHUH]RFHORYpKRGUiWX 2EODVWSRXåLWt6WĜHGRWODNi]DĜt]HQtVK\GUDXOWHNXWLQDPLSĜLY\ VRNpWHSORWČVDJUHVLYQtPLPpGLLSURFKHPLFNêSUĤP\VOWHFKQLNX SRYUFKĤNRPSRQHQWRYi]DĜt]HQt 7HSORWQtUR]VDK&Då&SURWUYDOpWHSORW\ 6NXSLQDYêURENĤ 9HOL9QLWĜ9QČMã3URYR]QtWODN7UKDFtWODN3RORKQXWt 2]QDþHQt'1NRVW SDOHFSUĤPSUĤPEDU0SD SVL EDU0SDSVL PP VWXSHĖY\XåLWtSĜtSXVWQêFKSURYR]QtFKWODNĤ 1' 1t]NRWODNiKDGLFH1iVWUþQiKDGLFH .RQVWUXNFH 9QLWĜQtYUVWYDROHMRY]GRUQiV\QWHWLFNiJXPD 7ODNRYêQRVQtNWH[WLOQtSOHWLYR 3RYUFKV\QWHWLFNiJXPDVY\VRNRXRGROQRVWtYĤþLRGČUXR]yQX DSRYČWUQRVWQtPYOLYĤP 7HSORWQtUR]VDK&Då& 'RSRUXþHQpWHNXWLQ\0LQHUiOQtROHMHROHMQDEi]LSRO\JO\NROX QDV\QWHWLFNRHVWHURYpEi]LYRGQtROHMRYpHPXO]HYRGD SRGREQp6$(5 6NXSLQDYêURENĤ 9HOL 9QLWĜ9QČMã 3URYR]QtWODN7UKDFtWODN3RORKQXWt 2]QDþHQt'1NRVW SDOHFSUĤPSUĤPEDU0SD SVL EDU0SDSVL PP 1' 1t]NRWODNiKDGLFH1iVWUþQiKDGLFH .RQVWUXNFH 9QLWĜQtYUVWYDROHMRY]GRUQiV\QWHWLFNiJXPD 7ODNRYêQRVQtNWH[WLOQtSOHWLYR 3RYUFKV\QWHWLFNiJXPDVY\VRNRXRGROQRVWtYĤþLRGČUXR]yQX DSRYČWUQRVWQtPYOLYĤP 7HSORWQtUR]VDK&Då& 'RSRUXþHQpWHNXWLQ\0LQHUiOQtROHMĜHSNRYêROHMQDEi]L SRO\JO\NROXYRGQtROHMRYpHPXO]HYRGD ',1(156$(5 6NXSLQDYêURENĤ 9HOL9QLWĜ9QČMã3URYR]QtWODN7UKDFtWODN3RORKQXWt 2]QDþHQt'1NRVW SDOHFSUĤPSUĤPEDU0SD SVLEDU0SDSVLPP 7( +DGLFHVY\VRFHSHYQRXWH[WLOQtYê]WXåt .RQVWUXNFH 9QLWĜQtYUVWYDROHMRY]GRUQiV\QWHWLFNiJXPD 7ODNRYêQRVQtNWH[WLOQtSOHWLYR 3RYUFKV\QWHWLFNiJXPDVY\VRNRXRGROQRVWtYĤþLRGČUXR]yQX DSRYČWUQRVWQtPYOLYĤP 7HSORWQtUR]VDK&Då& 3RXåLWtSURK\GUDXOLFNpV\VWpP\VK\GUDXOWHNXWLQDPLQDEi]L PLQHUiOROHMĤJO\NROXDYRGQtROHMRYpHPXO]H',1(17( 6NXSLQDYêURENĤ 9HOL9QLWĜ9QČMã3URYR]QtWODN7UKDFtWODN3RORKQXWt 2]QDþHQt'1NRVW SDOHFSUĤPSUĤPEDU0SD SVLEDU0SDSVLPP 7( +DGLFHVY\VRFHSHYQRXWH[WLOQtYê]WXåt MHGQRYUVWYiLYtFHYUVWYi 9QLWĜQtYUVWYDROHMRY]GRUQiV\QWHWLFNiJXPD 7ODNRYêQRVQtNMHGQRSĜtSGYČWH[WLOQtSOHWLYD 3RYUFKV\QWHWLFNiJXPDVY\VRNRXRGROQRVWtYĤþLRGČUXR]yQX DSRYČWUQRVWQtPYOLYĤP 7HSORWQtUR]VDK&Då& 3RXåLWtSURK\GUDXOLFNpV\VWpP\VK\GUDXOWHNXWLQDPLQDEi]L PLQHUiOROHMĤJO\NROXDYRGQtROHMRYpHPXO]H',1(17( 6NXSLQDYêURENĤ 9HOL9QLWĜ9QČMã3URYR]QtWODN7UKDFtWODN3RORKQXWt 2]QDþHQt'1NRVW SDOHFSUĤPSUĤPEDU0SD SVLEDU0SDSVLPP 7( +DGLFHVY\VRFHSHYQRXWH[WLOQtYê]WXåt MHGQRYUVWYiLYtFHYUVWYi 9QLWĜQtYUVWYDROHMRY]GRUQiV\QWHWLFNiJXPD 7ODNRYêQRVQtNGYČWH[WLOQtSOHWLYD 3RYUFKV\QWHWLFNiJXPDVY\VRNRXRGROQRVWtYĤþLRGČUXR]yQX DSRYČWUQRVWQtPYOLYĤP 7HSORWQtUR]VDK&Då& 3RXåLWtY\EDYHQtK\GUDXOLFNêFKĜt]HQtSĜtYRGWODNXRGK\GUDXO WHNXWLQ',1(17( 6NXSLQDYêURENĤ 9HOL9QLWĜ9QČMã3URYR]QtWODN7UKDFtWODN3RORKQXWt 2]QDþHQt'1NRVW SDOHFSUĤPSUĤPEDU0SD SVLEDU0SDSVLPP 0' 6WĜHGRWODNiKDGLFH 9QLWĜQtYUVWYDROHMRY]GRUQiV\QWHWLFNiJXPD]HVtOHQtWH[WLOQtKR SOHWLYDDSOHWLYD] RFHORYpKRGUiWX 9QČMãtYUVWYDWH[WLOQtSOHWLYRLPSUHJQRYDQpJXPRXRGROQRXYĤþL ROHMLDSRYČWUQRVWQtPYOLYĤP 7HSORWQtUR]VDK&Då& 3RXåLWtSURK\GUDXOLFNpWHNXWLQ\QDEi]LPLQHUiOĤJO\ NROXQDEi]L YRGQtHPXO]HPD]DFtROHMH6$(5 6NXSLQDYêURENĤ 9HOL9QLWĜ9QČMã3URYR]QtWODN7UKDFtWODN3RORKQXWt 2]QDþHQt'1NRVW SDOHFSUĤPSUĤPEDU0SD SVLEDU0SDSVLPP 0' 6WĜHGRWODNiKDGLFH 9QLWĜQtYUVWYDROHMRY]GRUQiV\QWHWLFNiJXPD 7ODNRYêQRVQtNGYČWH[WLOQtSOHWLYDMHGQRRFHORYpGUiWČQp SOHWLYRYHOPLSHYQpYWDKX 3RYUFKV\QWHWLFNêHODVWRPHURGROQêYĤþLROHML 7HSORWQtUR]VDK&Då&6$(55 3RXåLWtSURK\GUDXOLFNpWHNXWLQ\QDEi]LPLQHUiOĤJO\ NROX YRGQtHPXO]HPD]DFtROHMH 6NXSLQDYêURENĤ 9HOL9QLWĜ9QČMã3URYR]QtWODN7UKDFtWODN3RORKQXWt 2]QDþHQt'1NRVW SDOHFSUĤPSUĤPEDU0SD SVLEDU0SDSVLPP 0' 6WĜHGRWODNiKDGLFH 9QLWĜQtYUVWYDROHMRY]GRUQiV\QWHWLFNiJXPD 7ODNRYêQRVQtNGYČWH[WLOQtSOHWLYDMHGQRRFHORYpGUiWČQp SOHWLYRYHOPLSHYQpYWDKX 3RYUFKMHGQRWH[WLOQtSOHWLYRYVD]HQRGRV\QWHWLFNpJXP\ 7HSORWQtUR]VDK&Då&&SĜLVQtåHQpP SUDFRYQtPWODNX 'RSRUXþHQpWHNXWLQ\PLQHUiOQtROHMYRGQtROHMRYiHPXO]H YRGD6$(-$,,SRGREQp6$(5 6NXSLQDYêURENĤ 9HOL9QLWĜ9QČMã3URYR]QtWODN7UKDFtWODN3RORKQXWt SVLEDU0SDSVLPP 2]QDþHQt'1NRVW SDOHFSUĤPSUĤPEDU0SD .3 9\VRNRWODNiKDGLFHVWHQNêPSRYUFKHP 9QLWĜQtYUVWYDROHMRY]GRUQiV\QWHWLFNiJXPD 7ODNRYêQRVQtNNRYRYpSOHWLYR]RFHORYpKRGUiWXYHOPL RGROQpYĤþLWDKX 3RYUFKJXPDRGROQiYĤþLROHMLDSRYČWUQRVWQtPYOLYĤP 7HSORWQtUR]VDK&Då&',1(16& 6NXSLQDYêURENĤ 9HOL9QLWĜ9QČMã3URYR]QtWODN7UKDFtWODN3RORKQXWt SVLEDU0SDSVLPP 2]QDþHQt'1NRVW SDOHFSUĤPSUĤPEDU0SD .33 NRPSDNWQtKDGLFH3LORW YČWãtRGROQRVWYĤþLR]yQXĜtGtFtKDGLFH 9QLWĜQtYUVWYDROHMRY]GRUQiV\QWHWLFNiJXPD 7ODNRYêQRVQtNNRYRYpSOHWLYR]RFHORYpKRGUiWXYHOPL RGROQpYĤþLWDKX 3RYUFKJXPDRGROQiYĤþLROHMLDSRYČWUQRVWQtPYOLYĤP 7HSORWQtUR]VDK&Då& 6NXSLQDYêURENĤ 9HOL9QLWĜ9QČMã3URYR]QtWODN7UKDFtWODN3RORKQXWt 2]QDþHQt'1NRVW SDOHFSUĤPSUĤPEDU0SD SVLEDU0SDSVLPP .3 9\VRNRWODNiKDGLFHVWHQNêPSRYUFKHP 9QLWĜQtYUVWYDROHMRY]GRUQiV\QWHWLFNiJXPD 7ODNRYêQRVQtNGYČNRYRYiSOHWLYD]RFHORYpKRGUiWX YHOPLRGROQiYĤþLWDKX 3RYUFKJXPDRGROQiYĤþLROHMLDSRYČWUQRVWQtPYOLYĤP 7HSORWQtUR]VDK&Då&',1(16& 6NXSLQDYêURENĤ 9HOL9QLWĜ9QČMã3URYR]QtWODN7UKDFtWODN3RORKQXWt 2]QDþHQt'1NRVW SDOHFSUĤPSUĤPEDU0SD SVLEDU0SDSVLPP .3 9\VRNRWODNiKDGLFHVYČWãtRGROQRVWt YĤþLR]RQX 9QLWĜQtYUVWYDROHMRY]GRUQiV\QWHWLFNiJXPD 7ODNRYêQRVQtNGYČRFHOGUiWČQiSOHWLYDYHOPLSHYQiYWDKX 3RYUFKV\QWHWLFNiJXPDVY\VRNRGROQRVWtYĤþL WHSORWiPR]yQX 7HSORWQtUR]VDK&Då& 3RXåLWtY\VRNRWODNiK\GUDXOLFNi]DĜt]HQtVK\GUDXOWHNXWLQDPL QDEi]LPLQHUiOQtFKROHMĤJO\NROXDQDEi]LYRGQtHPXO]H 6NXSLQDYêURENĤ 9HOL9QLWĜ9QČMã3URYR]QtWODN7UKDFtWODN3RORKQXWt SVLEDU0SDSVLPP 2]QDþHQt'1NRVW SDOHFSUĤPSUĤPEDU0SD +' 9\VRNRWODNiKDGLFH 9QLWĜQtYUVWYDROHMRY]GRUQiV\QWHWLFNiJXPD 7ODNRYêQRVQtNRFHOGUiWČQpSOHWLYRYHOPLSHYQpYWDKX 3RYUFKV\QWHWLFNiJXPDVY\VRNRX RGROQRVWtYĤþL WHSORWiP R]yQX DRGČUX 7HSORWQtUR]VDK&Då& 3RXåLWtY\VRNRWODNiK\GUDXOLFNi]DĜt]HQtVK\GUDXOWHNXWLQDPL QDEi]LPLQHUiOQtFKROHMĤJO\NROXDQDEi]LYRGQtHPXO]H 6NXSLQDYêURENĤ 9HOL9QLWĜ9QČMã3URYR]QtWODN7UKDFtWODN3RORKQXWt 2]QDþHQt'1NRVW SDOHFSUĤPSUĤPEDU0SD SVLEDU0SDSVLPP +'$ 9\VRNRWODNpKDGLFHVHVLOQêPSRYUFKHP 9QLWĜQtYUVWYDROHMRY]GRUQiV\QWHWLFNiJXPD 7ODNRYêQRVQtNRFHOGUiWČQpSOHWLYRYHOPLSHYQpYWDKX 3RYUFKV\QWHWLFNiJXPDVY\VRGROQRVWtYĤþLWHSORWiP R]yQX DRGČUX7HSORWQtUR]VDK&Då& 3RXåLWtY\VRNRWODNiK\GUDXOLFNi]DĜt]HQtVK\GUDXOWHNXWLQDPL QDEi]LPLQHUiOQtFKROHMĤJO\NROXDQDEi]LYRGQtHPXO]H ',1(1676$(5$ 6NXSLQDYêURENĤ 9HOL9QLWĜ9QČMã3URYR]QtWODN7UKDFtWODN3RORKQXWt SVLEDU0SDSVLPP 2]QDþHQt'1NRVW SDOHFSUĤPSUĤPEDU0SD +'7 9\VRNRWODNpKDGLFH(TXDWRUVYČWãtRGROQRVWt YĤþLWHSORWiP 9QLWĜQtYUVWYDROHMRY]GRUQiV\QWHWLFNiJXPD 7ODNRYêQRVQtNRFHOGUiWČQpSOHWLYRYHOPLSHYQpYWDKX 3RYUFKV\QWHWLFNiJXPDVY\VRGROQRVWtYĤþLWHSORWČR]yQX DRGČUX7HSORWQtUR]VDK&Då& 3RXåLWtY\VRNRWODNiK\GUDXOLFNi]DĜt]HQtVK\GUDXOWHNXWLQDPL QDEi]LPLQHUiOQtFKROHMĤJO\NROXDQDEi]LYRGQtHPXO]H 6NXSLQDYêURENĤ 9HOL9QLWĜ9QČMã3URYR]QtWODN7UKDFtWODN3RORKQXWt SVLEDU0SDSVLPP 2]QDþHQt'1NRVW SDOHFSUĤPSUĤPEDU0SD +' 9\VRNRWODNiKDGLFH 9QLWĜQtYUVWYDROHMRY]GRUQiV\QWHWLFNiJXPD 7ODNRYêQRVQtNGYČRFHOGUiWČQiSOHWLYDYHOPLSHYQiYWDKX 3RYUFKV\QWHWLFNiJXPDVY\VRGROQRVWtYĤþLWHSORWČR]yQX DRGČUX7HSORWQtUR]VDK&Då& 3RXåLWtY\VRNRWODNiK\GUDXOLFNi]DĜt]HQtVK\GUDXOWHNXWLQDPL QDEi]LPLQHUiOQtFKROHMĤJO\NROXDQDEi]LYRGQtHPXO]H ',1(1616$(5$7 6NXSLQDYêURENĤ 9HOL9QLWĜ9QČMã3URYR]QtWODN7UKDFtWODN3RORKQXWt SVLEDU0SDSVLPP 2]QDþHQt'1NRVW SDOHFSUĤPSUĤPEDU0SD +'$ 9\VRNRWODNiKDGLFHVHVLOQêPSRYUFKHP 9QLWĜQtYUVWYDROHMRY]GRUQiV\QWHWLFNiJXPD 7ODNRYêQRVQtNGYČRFHOGUiWČQiSOHWLYDYHOPLSHYQiYWDKX 3RYUFKV\QWHWLFNiJXPDVY\VRGROQRVWtYĤþLWHSORWČR]yQX DRGČUX7HSORWQtUR]VDK&Då& 3RXåLWtY\VRNRWODNiK\GUDXOLFNi]DĜt]HQtVK\GUDXOWHNXWLQDPL QDEi]LPLQHUiOQtFKROHMĤJO\NROXDQDEi]LYRGQtHPXO]H ',1(1676$(5$ 6NXSLQDYêURENĤ 9HOL9QLWĜ9QČMã3URYR]QtWODN7UKDFtWODN3RORKQXWt SVLEDU0SDSVLPP 2]QDþHQt'1NRVW SDOHFSUĤPSUĤPEDU0SD +'/ 9\VRNRWODNiKDGLFH/\WH)OH[ 9QLWĜQtYUVWYDROHMRY]GRUQiV\QWHWLFNiJXPD 7ODNRYêQRVQtNGYČRFHOGUiWČQiSOHWLYDYHOPLSHYQiYWDKX 3RYUFKV\QWHWLFNiJXPDVY\VRGROQRVWtYĤþLWHSORWČR]yQX DRGČUX7HSORWQtUR]VDK&Då& 3RXåLWtY\VRNRWODNiK\GUDXOLFNi]DĜt]HQtVK\GUDXOWHNXWLQDPL QDEi]LPLQHUiOQtFKROHMĤJO\NROXDQDEi]LYRGQtHPXO]H 6$(5 6NXSLQDYêURENĤ 9HOL9QLWĜ9QČMã3URYR]QtWODN7UKDFtWODN3RORKQXWt SVLEDU0SDSVLPP 2]QDþHQt'1NRVW SDOHFSUĤPSUĤPEDU0SD +'7 9\VRNRWODNiKDGLFH(TXDWRUVYČWãtRGROQRVWt YĤþLWHSORWiP 9QLWĜQtYUVWYDROHMRY]GRUQiV\QWHWLFNiJXPD 7ODNRYêQRVQtNGYČRFHOGUiWČQiSOHWLYDYHOPLSHYQiYWDKX 3RYUFKPRGUiV\QWHWLFNiJXPDVY\VRGROQRVWtYĤþLWHSORWČ R]yQXDRGČUX7HSORWQtUR]VDK&Då& 3RXåLWtY\VRNRWODNiK\GUDXOLFNi]DĜt]HQtVK\GUDXOWHNXWLQDPL QDEi]LPLQHUiOQtFKROHMĤJO\NROXDQDEi]LYRGQtHPXO]H 6NXSLQDYêURENĤ 9HOL9QLWĜ9QČMã3URYR]QtWODN7UKDFtWODN3RORKQXWt SVLEDU0SDSVLPP 2]QDþHQt'1NRVW SDOHFSUĤPSUĤPEDU0SD +' 9\VRNRWODNiKDGLFH 9QLWĜQtYUVWYDROHMRY]GRUQiV\QWHWLFNiJXPD 7ODNRYêQRVQtNþW\ĜLVSLUiO\]RFHOGUiWX 3RYUFKV\QWHWLFNiJXPDVY\VRGROQRVWtYĤþLWHSORWČ R]yQXDRGČUX7HSORWQtUR]VDK&Då& 3RXåLWtPLQHUiOQtROHMJO\NROHPXO]HPLQHUiOQtFKROHMĤYRGQt HPXO]H',1(163 6NXSLQDYêURENĤ 9HOL9QLWĜ9QČMã3URYR]QtWODN7UKDFtWODN3RORKQXWt 2]QDþHQt'1NRVW SDOHFSUĤPSUĤPEDU0SD SVLEDU0SDSVLPP +' 9\VRNRWODNiKDGLFH 9QLWĜQtYUVWYDROHMRY]GRUQiV\QWHWLFNiJXPD 7ODNRYêQRVQtNþW\ĜLVSLUiO\]RFHOGUiWX 3RYUFKV\QWHWLFNiJXPDVY\VRGROQRVWtYĤþLWHSORWČ R]yQXDRGČUX7HSORWQtUR]VDK&Då& 3RXåLWtPLQHUiOQtROHMJO\NROYRGDDHPXO]H ',1(163 6NXSLQDYêURENĤ 9HOL9QLWĜ9QČMã3URYR]QtWODN7UKDFtWODN3RORKQXWt 2]QDþHQt'1NRVW SDOHFSUĤPSUĤPEDU0SD SVLEDU0SDSVLPP +' 9\VRNRWODNiKDGLFH 9QLWĜQtYUVWYDROHMRY]GRUQiV\QWHWLFNiJXPD 7ODNRYêQRVQtNVSLUiO]Y\VRFHSHYQpKRRFHOGUiWX RGROQpKRYĤþLWDKX 3RYUFKV\QWHWLFNiJXPDVY\VRGROQRVWtYĤþLROHMĤP DSRYČWUQRVWQtPYOLYĤP7HSORWQtUR]VDK&Då& 3RXåLWt JO\NROYRGDDHPXO]HPLQHUiOROHMĤ ',1(16356$(5 6NXSLQDYêURENĤ 9HOL9QLWĜ9QČMã3URYR]QtWODN7UKDFtWODN3RORKQXWt 2]QDþHQt'1NRVW SDOHFSUĤPSUĤPEDU0SD SVLEDU0SDSVLPP +' 9\VRNRWODNiKDGLFH 9QLWĜQtYUVWYD ROHMRY]GRUQiV\QWHWLFNiJXPD 7ODNRYêQRVQtNGR'1QHERRG'1VSLUiO]Y\VR FHSHYQpKRRFHORYpKRGUiWXRGROQpKRYĤþLWDKX 3RYUFKV\QWHWJXPDVY\VRNRXRGROQRVWtYĤþLROHMĤPDSRYČ WUQRVWQtPYOLYĤP7HSORWQtUR]VDK&Då& 3RXåLWtPLQHUiOQtROHMJO\NROYRGDHPXO]HPLQHUiOQtFKROHMĤ YRGQtHPXO]H6$(5 6NXSLQDYêURENĤ 9HOL9QLWĜ9QČMã3URYR]QtWODN7UKDFtWODN3RORKQXWt 2]QDþHQt'1NRVWSDOHFSUĤPSUĤPEDU0SDSVL EDU0SDSVLPP +'% 9\VRNRWODNiKDGLFHVSĜLSXãWČQtPSUR KRUQLFNêSUĤP\VO 9QLWĜQtYUVWYDROHMRY]GRUQiV\QWHWLFNiJXPD 7ODNRYêQRVQtNGYČRFHOGUiWČQiSOHWLYDYHOPLSHYQiYWDKX 3RYUFKV\QWHWLFNiJXPDVY\VRGROQRVWtYĤþLROHMĤP DSRYČWUQRVWQtPYOLYĤP7HSORWQtUR]VDK&Då& ',167 6NXSLQDYêURENĤ 9HOL9QLWĜ9QČMã3URYR]QtWODN7UKDFtWODN3RORKQXWt SVLEDU0SDSVLPP 2]QDþHQt'1NRVW SDOHFSUĤPSUĤPEDU0SD +'% 9\VRNRWODNiKDGLFHVSĜLSXãWČQtPSUR KRUQLFNêSUĤP\VO 9QLWĜQtYUVWYDROHMRY]GRUQiV\QWHWLFNiJXPD 7ODNRYêQRVQtNþW\ĜLRFHOGUiWČQiSOHWLYDYHOPLSHYQiYWDKX 3RYUFKV\QWHWLFNiJXPDVY\VRGROQRVWtYĤþLROHMĤP DSRYČWUQRVWQtPYOLYĤP7HSORWQtUR]VDK&Då& ',163 6NXSLQDYêURENĤ 9HOL9QLWĜ9QČMã3URYR]QtWODN7UKDFtWODN3RORKQXWt SVLEDU0SDSVLPP 2]QDþHQt'1NRVW SDOHFSUĤPSUĤPEDU0SD +'% 9\VRNRWODNiKDGLFHVSĜLSXãWČQtPSUR KRUQLFNêSUĤP\VO 9QLWĜQtYUVWYDROHMRY]GRUQiV\QWHWLFNiJXPD 7ODNRYêQRVQtNþW\ĜLRFHOGUiWČQiSOHWLYDYHOPLSHYQiYWDKX 3RYUFKV\QWHWLFNiJXPDVY\VRGROQRVWtYĤþLROHMĤP DSRYČWUQRVWQtPYOLYĤP7HSORWQtUR]VDK&Då& ',16+ 6NXSLQDYêURENĤ 9HOL9QLWĜ9QČMã3URYR]QtWODN7UKDFtWODN3RORKQXWt 2]QDþHQt'1NRVW3DOHFSUĤPSUĤPEDU0SD3VtEDU0SDSVtPP 1< 7HUPRSODVWLFNiY\VRNRWODNiKDGLFH 9QLWĜQtYUVWYDSRO\HVWHUHODVWRPHUQHERSRO\DPLG 7ODNRYêQRVQtNGYČSRO\HVWHURYiSOHWLYDYHOPLSHYQiYWDKX 3RYUFKSRO\XUHWDQ7HSORWQtUR]VDK&Då& 'RSRUXþWHNXWLQ\PLQHUiOQtROHMIRVIiWHVWHU$670$670 PD]DFtROHMHHW\ORQJO\NRO 3RXåLWtY\VRNRWODNK\GUDXOLNV\VWpP\VK\GUDXOWHNXWLQDPL RE]YOiãWČYREODVWL]GYLKDFtFKYR]tNĤ ',1(156$(5 6NXSLQDYêURENĤ 9HOL9QLWĜ9QČMã3URYR]QtWODN7UKDFtWODN3RORKQXWt SVLEDU0SDSVLPP 2]QDþHQt'1NRVW SDOHFSUĤPSUĤPEDU0SD 1<= 7HUPRSODVWLFNiY\VRNRWODNiKDGLFHMDNR GYRMLWiKDGLFH 9QLWĜQtYUVWYDSRO\HVWHUHODVWRPHUQHERSRO\DPLG 7ODNRYêQRVQtNGYČSRO\HVWHURYiSOHWLYDYHOPLSHYQiYWDKX 3RYUFKSRO\XUHWDQ7HSORWQtUR]VDK&Då& 'RSRUXþWHNXWLQ\PLQHUiOQtROHMIRVIiWHVWHU$670$670 PD]DFtROHMHHW\ORQJO\NRO3RXåLWtY\VRNRWODNK\GUDXOLNV\VWpP\ VK\GUDXOWHNXWLQDPLRE]YOiãWČYREODVWL]GYLKDFtFKYR]tNĤ ',1(156$(56NXSLQDYêURENĤ 9HOL9QLWĜ9QČMã3URYR]QtWODN7UKDFtWODN3RORKQXWt 2]QDþHQt'1NRVW SDOHFSUĤPSUĤPEDU0SD SVLEDU0SDSVLPP 1< 7HUPRSODVWLFNiY\VRNRWODNiKDGLFH 9QLWĜQtYUVWYDSRO\HVWHUHODVWRPHUQHERSRO\DPLG 7ODNRYêQRVQtNDUDPLGRYpSOHWLYR 3RYUFKSRO\XUHWDQ7HSORWQtUR]VDK&Då& 'RSRUXþWHNXWLQ\PLQHUiOQtROHMIRVIiWHVWHU$670$670 PD]DFtROHMHHW\ORQJO\NRO3RXåLWtY\VRNRWODNK\GUDXOLNV\VWpP\ VK\GUDXOWHNXWLQDPLRE]YOiãWČYREODVWL]GYLKDFtFKYR]tNĤ ',1(156$(5 6NXSLQDYêURENĤ 9HOL9QLWĜ9QČMã3URYR]QtWODN7UKDFtWODN3RORKQXWt SVLEDU0SDSVLPP 2]QDþHQt'1NRVW SDOHFSUĤPSUĤPEDU0SD 1<= 7HUPRSODVWLFNiY\VRNRWODNiKDGLFH MDNRGYRMLWiKDGLFH 9QLWĜQtYUVWYDSRO\HVWHUHODVWRPHU 7ODNRYêQRVQtNDUDPLGRYpSOHWLYR 3RYUFKSRO\XUHWDQ7HSORWQtUR]VDK&Då& 'RSRUXþWHNXWLQ\PLQHUiOQtROHMIRVIiWHVWHU$670$670 PD]DFtROHMHHW\ORQJO\NRO3RXåLWtY\VRNRWODNK\GUDXOLNV\VWpP\ VK\GUDXOWHNXWLQDPLRE]YOiãWČYREODVWL]GYLKDFtFKYR]tNĤ 6$(56NXSLQDYêURENĤ 9HOL9QLWĜ9QČMã3URYR]QtWODN7UKDFtWODN3RORKQXWt 2]QDþHQt'1NRVW SDOHFSUĤPSUĤPEDU0SD SVLEDU0SDSVLPP 1< 7HUPRSODVWLFNiY\VRNRWODNiKDGLFH 9QLWĜQtYUVWYDSRO\HVWHUHODVWRPHU 7ODNRYêQRVQtNRFHORYêGUiW 3RYUFKSRO\XUHWDQþHUQiEDUYD 9ODVWQRVWLGREUiRGROQRVWYĤþLFKHPLNiOLtPQt]NiREMHPRYi UR]WDåQRVW 3RXåLWtY\VRNRWODNK\GUDXOLFV\VWpP\ ]HPČGČOVNpVWURMHY\VRNR]GYLåQêYLGOLFRYêYR]tN 6$(5',1%6,62 6NXSLQDYêURENĤ 9HOL9QLWĜ9QČMã3URYR]QtWODN7UKDFtWODN3RORKQXWt 2]QDþHQt'1NRVW SDOHFSUĤPSUĤPEDU0SD SVLEDU0SDSVLPP 1<= 7HUPRSODVWLFNiY\VRNRWODNiKDGLFH MDNRGYRMLWiKDGLFH 9QLWĜQtYUVWYDSRO\HVWHUHODVWRPHU7ODNRYêQRVQtNRFHORYêGUiW 3RYUFKSRO\XUHWDQþHUQiEDUYD 9ODVWQRVWLGREUiRGROQRVWYĤþLFKHPLNiOLtPQt]NiREMHPRYi UR]WDåQRVW3RXåLWtY\VRNRWODNK\GUDXOLFV\VWpP\ ]HPČGČOVNpVWURMHY\VRNR]GYLåQêYLGOLFRYêYR]tN 6$(5',1%6,62 6NXSLQDYêURENĤ 9HOL9QLWĜ9QČMã3URYR]QtWODN7UKDFtWODN3RORKQXWt 2]QDþHQt'1NRVW SDOHFSUĤPSUĤPEDU0SD SVLEDU0SDSVLPP 1< 7HUPRSODVWLFNiY\VRNRWODNiKDGLFH 9QLWĜQtYUVWYDSRO\DPLGW ODNRYêQRVQtNGYČQDYLQXWpYUVWY\ RFHOGUiWXYČWãtSHYQRVWYWDKXSOHWLYR]RFHOGUiWX 9QČMãtYUVWYDSRO\XUHWDQþHUQêQHERSRO\DPLG2EODVWSRXåLWt Y\VRNRWODNK\GUDXOLFV\VWpP\QDEi]LPLQHUiOROHMĤV\QWHWLFNp Ei]LQHERSRXåLWtVSO\QQêPLDFKHPLFPpGLL3RXåLWtQDK\GUDXO QiĜDGtD]iFKUDQQpSĜtVWURMH7DNpV3$YQČMãtYUVWYRXY'1 SURSRXåLWtVY\VRNêPWODNHPVWČåFHKRĜODYêPLWHNXWLQDPL+)' YKRUQLFNpPSUĤP\VOX6$(5 6NXSLQDYêURENĤ 9HOL9QLWĜ9QČMã3URYR]QtWODN7UKDFtWODN3RORKQXWt 2]QDþHQt'1NRVW SDOHFSUĤPSUĤPEDU0SD SVLEDU0SDSVLPP 1< 7HUPRSODVWLFNiY\VRNRWODNiKDGLFH 9QLWĜQtYUVWYD'1SRO\R[\PHW\OHQ'1SRO\DPLG 7ODNRYêQRVQtNQDYLQXWpYUVWY\RFHOGUiWXQHMY\ããtSHYQRVWL YWDKX9QČMãtYUVWYDSRO\DPLG'1PRGUi'1þHUQi 2EODVWSRXåLWtY\VRNRWODNK\GUDXOLFV\VWpP\QDEi]LPLQHUiO ROHMĤV\QWHWLFNpEi]LQHERSRXåLWtVSO\QQêPLDFKHPLFPpGLL +ODYQtSRXåLWtK\GUDXOSĜHGStQDFt]DĜt]HQtQiĜDGtWHVWRYDFtVWDY\ 6NXSLQDYêURENĤ 9HOL9QLWĜ9QČMã3URYR]QtWODN7UKDFtWODN3RORKQXWt 2]QDþHQt'1NRVW SDOHFSUĤPSUĤPEDU0SD SVLEDU0SDSVLPP 1< 7HUPRSODVWLFNiY\VRNRWODNiKDGLFH 9QLWĜQtYUVWYDSRO\DPLG7ODNRYêQRVQtNGYČQDYLQXWpYUVWY\ RFHOGUiWXVY\VRNRXSHYQRVW tYWDKX 9QČMãtYUVWYDSRO\XUHWDQþHUQê 2EODVWSRXåLWtREODVWLVY\VRNêPWODNHPVK\GUDXOLFWHNXWLQDPLQD Ei]LPLQHUiOROHMĤQHERQDV\QWHWLFNpEi]L+DGLFHVH[WUpPQt RGROQRVWtYĤþL]ORPXGREUiIOH[LELOLWDSĜLQt]NêFK WHSORWiFK7HSORWQtUR]VDK&Då& 6NXSLQDYêURENĤ 9HOL9QLWĜ9QČMã3URYR]QtWODN7UKDFtWODN3RORKQXWt 2]QDþHQt'1NRVWSDOHFSUĤPSUĤPEDU0SDSVLEDU0SDSVLPPEDUYD xS`\t []R`t ÐZcbt xS`dS\t 1<= 7HUPRSODVWLFNiY\VRNRWODNiKDGLFHMDNR GYRMLWiKDGLFH 9QLWĜQtYUVWYDSRO\DPLG7ODNRYêQRVQtNGYČQDYLQXWpYUVWY\ RFHOGUiWXVY\VRNRXSHYQRVW tYWDKX 9QČMãtYUVWYDSRO\XUHWDQþHUQê2EODVWSRXåLWtREODVWLVY\VRNêP WODNHPVK\GUDXOLFWHNXWLQDPLQDEi]LPLQHUiOROHMĤQHERQD V\QWHWLFNpEi]L+DGLFHVH[WUpPQtRGROQRVWtYĤþL]ORPXGREUi IOH[LELOLWDSĜLQt]NêFKWHSORWiFK7HSORWQtUR]VDK&Då& 6NXSLQDYêURENĤ 9HOL9QLWĜ9QČMã3URYR]QtWODN7UKDFtWODN3RORKQXWt 2]QDþHQt'1NRVW SVLEDU0SDSVLPPEDUYD SDOHFSUĤPSUĤPEDU0SD []R`t []R`t ÐZcbt []R`t xS`dS\t ÐZcbt xS`dS\t 1< 9\VRNRWODNiKDGLFH 9QLWĜQtYUVWYD'1SRO\R[\PHW\OHQ'1SRO\DPLG 7ODNRYêQRVQtNQDYLQXWêFKYUVWYHYRFHOGUiWXVQHMYČWãt SHYQRVWtYWDKX9QČMãtYUVWYDSRO\DPLGPRGUê3RXåLWtREODVWL VY\VRNêPWODNHPVK\GUDXOLFWHNXWLQDPLQDEi]LPLQHUiOROHMĤ QHERQDV\QWHWLFNpEi]LSĜHGStQDFt]DĜt]HQtQiĜDGt 7HSORWQtUR]VDK&Då& 6NXSLQDYêURENĤ 9HOL9QLWĜ9QČMã3URYR]QtWODN7UKDFtWODN3RORKQXWt SVLEDU0SDSVLPP 2]QDþHQt'1NRVW SDOHFSUĤPSUĤPEDU0SD *& 6DFtDSDOLYRYiKDGLFH 9QLWĜQtYUVWYDV\QWHWLFNiJXPD 7ODNRYêQRVQtNWH[WLOQtSOHWLYRVHVSLUiORX]RFHORYpKRGUiWX 3RYUFKWH[WLOQtSOHWLYR 7HSORWQtUR]VDKFFD &DåFFD &Y]iYLVORVWLQD SRXåLWt3RXåLWtQt]NRWODNiK\GUDXOLFNiKDGLFHSURWRSQêROHM (/WHNXWLQ\QDEi]tPLQHUiOQtFKROHMĤDQDEi]LJO\NROXPD]LYD FKODGtFtYRGDVWODþHQêY]GXFK 6NXSLQDYêURENĤ 9HOL9QLWĜ9QČMã3URYR]QtWODN3RORKQXWt 2]QDþHQt'1NRVW SDOHFSUĤPSUĤPEDU0SD SVLPP *& 6DFtDSDOLYRYiKDGLFH 9QLWĜQtYUVWYDV\QWHWLFNiJXPD 7ODNRYêQRVQtNWH[WLOQtSOHWLYRVHVSLUiORX]RFHORYpKRGUiWX 3RYUFKWH[WLOQtSOHWLYRDRSOHWHQtVSR]LQNRFHORYêPGUiWHP 7HSORWQtUR]VDKFFD &DåFFD &Y]iYLVORVWLQD SRXåLWt3RXåLWtQt]NRWODNiK\GUDXOLFNiKDGLFHSURWRSQêROHM (/WHNXWLQ\QDEi]tPLQHUiOQtFKROHMĤDQDEi]LJO\NROXPD]LYD FKODGtFtYRGDVWODþHQêY]GXFK 6NXSLQDYêURENĤ 9HOL9QLWĜ9QČMã3URYR]QtWODN7UKDFtWODN3RORKQXWt SVLEDU0SDSVLPP 2]QDþHQt'1NRVW SDOHFSUĤPSUĤPEDU0SD 6* 6DFtKDGLFH 9QLWĜQtYUVWYDROHMRY]GRUQiV\QWHWLFNiJXPD 7ODNRYêQRVQtNY\VRNRWODNpWH[WLOQtYORåN\VHVSLUiORX] SUXåLQRYpRFHOL3RYUFKV\QWHWLFNiJXPDVY\VRNRXRGROQRVWt YĤþLRGČUXR]yQXDSRYČWUQRVWQtPYOLYĤP 7HSORWQtUR]VDK&Då&6$(5 3RXåLWtSURK\GUDXOLFNpWHNXWLQ\QDEi]LPLQHUiOQtFK ROHMĤJO\NROXDQDEi]LYRGQtFKHPXO]t 6NXSLQDYêURENĤ 9HOL9QLWĜ9QČMã3URYR]QtWODN7UKDFtWODN3RORKQXWt SVLEDU0SDSVLPP 2]QDþHQt'1NRVW SDOHFSUĤPSUĤPEDU0SD 6*% 6DFtKDGLFH6SLUDOEHQ] 9HU]HVSLUiO\]PHQãHQêOHSãtSRORPČURKQXWt 9QLWĜQtYUVWYDROHMRY]GRUQiV\QWHWLFNiJXPD7ODNRYêQRVQtN Y\VRNRWODNpWH[WLOQtYORåN\VHVSLUiORX]SUXåLQRYpRFHOLDV PČGČQêPODQNHP3RYUFKV\QWHWLFNiJXPDVY\VRNRXRGROQRVWt YĤþLRGČUXR]yQXDSRYČWUQRVWQtPYOLYĤP7HSORWQtUR]VDK &Då&%H]SHþQRVWQtIDNWRU3RXåLWtPLQHUiOQt ROHMĜHSNRYêROHMQDEi]LSRO\JO\NROXYRGQtHPXO]HYRGD 6NXSLQDYêURENĤ 9HOL9QLWĜ9QČMã3URYR]QtWODN3RORKQXWt 2]QDþHQt'1NRVW SDOHFSUĤPSUĤPEDU0SD SVLPP +) +RUNRYRGQtKDGLFH 9QLWĜQtYUVWYDV\QWHWLFNiJXPDRGROQiYĤþLROHMLDKRUNX 7ODNRYêQRVQtNRFHORYpGUiWČQpSOHWLYR 3RYUFKJXPDRGROQiYĤþLROHMLDYĤþLSRYČWUQRVWQtPYOLYĤP YĤþLRGČUXR]yQX7HSORWQtUR]VDK&Då& 3RXåLWtY\VRNRWODNpþLVWtFtVWURMH 6NXSLQDYêURENĤ 9HOL9QLWĜ9QČMã3URYR]QtWODN7UKDFtWODN3RORKQXWt 2]QDþHQt'1NRVW3DOHFSUĤPSUĤPEDU0SD3VtEDU0SDSVtPP +: +RUNRYRGQtKDGLFH 9QLWĜQtYUVWYDV\QWHWLFNiJXPDRGROQiYĤþLROHMLDKRUNX 7ODNRYêQRVQtNRFHORYpGUiWČQpSOHWLYR 3RYUFKþHUQiJXPDRGROQiYĤþLROHMLDSRYČWUQRVWQtPYOLYĤP 7HSORWQtUR]VDK&Då& 3RXåLWtY\VRNRWODNpþLVWtFtVWURMH 6NXSLQDYêURENĤ 9HOL9QLWĜ9QČMã3URYR]QtWODN7UKDFtWODN3RORKQXWt 2]QDþHQt'1NRVW SDOHFSUĤPSUĤPEDU0SD SVLEDU0SDSVLPP +) +RUNRYRGQtKDGLFH 9QLWĜQtYUVWYDV\QWHWLFNiJXPDRGROQiYĤþLROHMLDKRUNX 7ODNRYêQRVQtNRFHORYiGUiWČQiSOHWLYD 3RYUFKPRGUiJXPDRGROQiYĤþLROHMLDSRYČWUQRVWQtPYOLYĤP 7HSORWQtUR]VDK&Då& 3RXåLWtY\VRNRWODNpþLVWtFtVWURMH 6NXSLQDYêURENĤ 9HOL9QLWĜ9QČMã3URYR]QtWODN7UKDFtWODN3RORKQXWt 2]QDþHQt'1NRVW SDOHFSUĤPSUĤPEDU0SD SVLEDU0SDSVLPP +: +RUNRYRGQtKDGLFH 9QLWĜQtYUVWYDV\QWHWLFNiJXPDRGROQiYĤþLROHMLDKRUNX 7ODNRYêQRVQtNRFHORYiGUiWČQiSOHWLYD 3RYUFKþHUQiJXPDRGROQiYĤþLROHMLDSRYČWUQRVWQtPYOLYĤP 7HSORWQtUR]VDK&Då& 3RXåLWtY\VRNRWODNpþLVWtFtVWURMH 6NXSLQDYêURENĤ 9HOL9QLWĜ9QČMã3URYR]QtWODN7UKDFtWODN3RORKQXWt 2]QDþHQt'1NRVW SDOHFSUĤPSUĤPEDU0SD SVLEDU0SDSVLPP 1<: 9\VRNRWODNiKDGLFHEtOi 9QLWĜQtYUVWYDSRO\HVWHUHODVWRPHU 7ODNRYêQRVQtNRFHORYêGUiW3RYUFKSRO\XUHWDQ 7HSORWQtUR]VDK&Då& 3RXåLWtY\VRNRWODNpK\GUDXOLFNpV\VWpP\]HPČGČOVNpVWURMH Y\VRNR]GYLåQêYLGOLFRYêYR]tN 9ODVWQRVWLGREUiRGROQRVWYĤþLFKHPLNiOLtPQt]NiREMHPRYi UR]WDåQRVWY\VRNiRGROQRVWYĤþLEDNWHULtP 6NXSLQDYêURENĤ 9HOL9QLWĜ9QČMã3URYR]QtWODN7UKDFtWODN3RORKQXWt 2]QDþHQt'1NRVW SDOHFSUĤPSUĤPEDU0SD SVLEDU0SDSVLPP >]h\t[YO(dÝ`]PO^`]RcYbccY]\xS\O 7$) 9\VRNRWODNiKDGLFH 9QLWĜQtYUVWYDSRO\DPLGSRO\HVWHURYpSOHWLYR 3RYUFKSRO\XUHWDQNURPČ'1 7HSORWQtUR]VDK&Då& 3RXåLWtY\VRNRWODNiK\GUDXOLNDDMDNRGRSUDYQtSRWUXEtSUR WHFKQLFNiPpGLDPRQWiåVOLVRYDFtPLDãURXERYDFtPL SĜtSRML 6NXSLQDYêURENĤ 9QLWĜ9QČMãG\Q&G\Q&G\Q&3RORKQXWt 2]QDþHQt'19HOLNRVW SDOHFSUĤPSUĤPEDUEDUEDUPP 7%) 9\VRNRWODNiKDGLFH 9QLWĜQtYUVWYDSRO\DPLGSRO\HVWHURYiSOHWLYD 3RYUFKþHUQiSRO\XUHWDQNURPČ'1 7HSORWQtUR]VDK&Då& 3RXåLWtY\VRNRWODNiK\GUDXOLNDDMDNRGRSUDYQtSRWUXEtSUR WHFKQLFNiPpGLDPRQWiåVOLVRYDFtPLDãURXERYDFtPL SĜtSRML 6NXSLQDYêURENĤ 9QLWĜ9QČMãG\Q&G\Q&G\Q&3RORKQXWt SDOHFSUĤPSUĤPEDUEDUEDUPP 2]QDþHQt'19HOLNRVW 7$)= 9\VRNRWODNiKDGLFHW\S7$)MDNR GYRMLWiKDGLFH 9QLWĜQtYUVWYDSRO\DPLGSRO\HVWHURYiSOHWLYD 3RYUFKþHUQiSRO\XUHWDQ 7HSORWQtUR]VDK&Då& 3RXåLWtY\VRNRWODNiK\GUDXOLNDDMDNRGRSUDYQtSRWUXEtSUR WHFKQLFNiPpGLDPRQWiåVOLVRYDFtPLDãURXERYDFtPL SĜtSRML 6NXSLQDYêURENĤ 9QLWĜ9QČMãG\Q&G\Q&G\Q&3RORKQXWt 2]QDþHQt'19HOLNRVW SDOHFSUĤPSUĤPEDUEDUEDUPP 7%)= 9\VRNRWODNiKDGLFHW\S7%)MDNR GYRMLWiKDGLFH 9QLWĜQtYUVWYDSRO\DPLGSRO\HVWHURYiSOHWLYD 3RYUFKþHUQiSRO\XUHWDQ 7HSORWQtUR]VDK&Då& 3RXåLWtY\VRNRWODNiK\GUDXOLNDDMDNRGRSUDYQtSRWUXEtSUR WHFKQLFNiPpGLDPRQWiåVOLVRYDFtPLDãURXERYDFtPL SĜtSRML 6NXSLQDYêURENĤ 9QLWĜ9QČMãG\Q&G\Q&G\Q&3RORKQXWt 2]QDþHQt'19HOLNRVW SDOHFSUĤPSUĤPEDUEDUEDUPP 7$)&8 9\VRNRWOKDGLFHW\S7$)VPČGČQêPODQNHP +DGLFHNHVWĜtNiQtEDUY\9\]QDþXMHVHIOH[LELOLWRXRGROQRVWtYĤþL LPSXO]ĤPRGROQRVWtYĤþLSRYČWUQRVWQtPYOLYĤP VWiUQXWtD PDORXKPRWQRVWt2GROQRVWtYĤþLWHFKQLFNêPPpGLtPRE]YOiãWČ YĤþLEDUYiPDĜHGLGOĤPSRXåtYDQêPSĜLVWĜtNiQtEDUHY9QLWĜQt YUVWYD3$SOHWLYR]Y\VRFH]DWtåLWHOQêFKSRO\HVWHURYêFKSĜt]t VH]DSOHWHQêPPČGČQêPODQNHPNRGYRGXHOHNWURVWDWLFNpKR QiERMH 6NXSLQDYêURENĤ 9QLWĜ9QČMãG\Q&G\Q&G\Q&3RORKQXWt 2]QDþHQt'19HOLNRVW SDOHFSUĤPSUĤPEDUEDUEDUPP 7$)=&8 9\VRNRWODNiKDGLFHW\S 7 $)MDNRGYRMLWi KDGLFHVPČGČQêP ODQNHP 'YRMLWiKDGLFHNHVWĜtNiQtEDUY\9\]QDþXMHVHIOH[LELOLWRX RGROQRVWtYĤþLLPSXO]ĤPRGROQRVWtYĤþLSRYČWUQRVWQtPYOLYĤP VWiUQXWtDPDORXKPRWQRVWt2GROQRVWtYĤþLWHFKQLFNêP PpGLtPRE]YOiãWČYĤþLEDUYiPDĜHGLGOĤPSRXåtYDQêPSĜL VWĜtNiQtEDUHY9QLWĜQtYUVWYD3$SOHWLYR]Y\VRFH ]DWtåLWHOQêFKSRO\HVWHURYêFKSĜt]tVH]DSOHWHQêPPČGČQêP ODQNHPNRGYRGXHOHNWURVWDWLFNpKRQiERMH 6NXSLQDYêURENĤ 9QLWĜ9QČMãG\Q&G\Q&G\Q&3RORKQXWt S DOHFSUĤPSUĤPEDUEDUEDUPP 2]QDþHQt'19HOLNRVW 7%)&8 9\VRNRWODNiKDGLFHW\S 7%)V PČGČQêPODQNHP +DGLFHNHVWĜtNiQtEDUY\9\]QDþXMHVHIOH[LELOLWRX RGROQRVWtYĤþLLPSXO]ĤPRGROQRVWtYĤþLSRYČWUQRVWQtPYOLYĤP VWiUQXWtDPDORXKPRWQRVWt2GROQRVWtYĤþLWHFKQLFNêP PpGLtPRE]YOiãWČYĤþLEDUYiPDĜHGLGOĤPSRXåtYDQêPSĜL VWĜtNiQtEDUHY9QLWĜQtYUVWYD3$SOHWLYD]Y\VRFH ]DWtåLWHOQêFKSRO\HVWHURYêFKSĜt]tVH]DSOHWHQêPPČGČQêP ODQNHPNRGYRGXHOHNWURVWDWLFNpKRQiERMH 6NXSLQDYêURENĤ 9QLWĜ9QČMãG\Q&G\Q&G\Q&3RORKQXWt 2]QDþHQt'19HOLNRVW S DOHFSUĤPSUĤPEDUEDUEDUPP 7%)=&8 9\VRNRWODNiKDGLFHW\S 7 %)MDNRGYRMLWi KDGLFH V PČGČQêP ODQNHP +DGLFHNHVWĜtNiQtEDUY\9\]QDþXMHVHIOH[LELOLWRX RGROQRVWtYĤþLLPSXO]ĤPRGROQRVWtYĤþLSRYČWUQRVWQtPYOLYĤP VWiUQXWtDPDORXKPRWQRVWt2GROQRVWtYĤþLWHFKQLFNêP PpGLtPRE]YOiãWČYĤþLEDUYiPDĜHGLGOĤPSRXåtYDQêPSĜL VWĜtNiQtEDUHY9QLWĜQtYUVWYD3$SOHWLYD]Y\VRFH ]DWtåLWHOQêFKSRO\HVWHURYêFKSĜt]tVH]DSOHWHQêPPČGČQêP ODQNHPNRGYRGXHOHNWURVWDWLFNpKRQiERMH 6NXSLQDYêURENĤ 9QLWĜ9QČMãG\Q&G\Q&G\Q&3RORKQXWt 2]QDþHQt'19HOLNRVW SDOHFSUĤPSUĤPEDUEDUEDUPP 75 9\VRNRWODNiKDGLFHW\S75 -HGQRWQêSURYR]QtWODNEDUSĜL&SURYãHFKQ\MPHQRYLWp VYČWORVWLVOLVRYDFtPLVSRMLSURSQHXPDWLNXY\VRNRWODNRXK\GUD XOLNXDMDNRSĜHSUDYQtSRWUXEtSURWHFKQLFNiPpGLD2GROQiYĤþL RGČUXIOH[LELOQtPDOiKPRWQRVWRGROQiYĤþLYČWãLQČWHFKQLFNêFK PpGLt9\VRNiWHSHOQiRGROQRVW&Då& 'XãHYQLWĜQtYUVWYDSRO\DPLGSRO\HVWHURYpSOHWLYRYQČMãt YUVWYDSRO\XUHWDQ 6NXSLQDYêURENĤ 9QLWĜ9QČMãPD[SURYR]WODNSĜL&3RORKQXWt 2]QDþHQt'19HOLNRVW SVL PP SDOHFSUĤPSUĤPEDU0SD 75= 9\VRNRWODNiKDGLFHW\S75MDNRGYRMLWiKDGLFH -HGQRWQêSURYR]QtWODNEDUSĜL&SURYãHFKQ\MPHQRYLWp VYČWORVWLVOLVRYDFtPLVSRMLSURSQHXPDWLNXY\VRNRWODNRXK\GUD XOLNXDMDNRSĜHSUDYQtSRWUXEtSURWHFKQLFNiPpGLD2GROQiYĤþL RGČUXIOH[LELOQtPDOiKPRWQRVWRGROQiYĤþLYČWãLQČWHFKQLFNêFK PpGLt9\VRNiWHSHOQiRGROQRVW&Då& 'XãHYQLWĜQtYUVWYDSRO\DPLGSRO\HVWHURYpSOHWLYR9QČMãt YUVWYDSRO\XUHWDQ 6NXSLQDYêURENĤ 9QLWĜ9QČMãPD[SURYR]WODNSĜL&3RORKQXWt 2]QDþHQt'19HOLNRVW PP SDOHFSUĤPSUĤPEDU0SDSVL 75 9\VRNRWODNiKDGLFH -HGQRWQêSURYR]QtWODNEDUSĜL&SURYãHFKQ\MPHQRYLWp VYČWORVWLVOLVRYDFtPLVSRMLSURSQHXPDWLNXY\VRNRWODNRXK\GUD XOLNXDMDNRSĜHSUDYQtSRWUXEtSURWHFKQLFNiPpGLD2GROQiYĤþL RGČUXIOH[LELOQtPDOiKPRWQRVWRGROQiYĤþLYČWãLQČWHFKQLFNêFK PpGLt9\VRNiWHSHOQiRGROQRVW&Då& 'XãHYQLWĜQtYUVWYDSRO\DPLGSRO\HVWHURYpSOHWLYRYQČMãt YUVWYDSRO\XUHWDQ 6NXSLQDYêURENĤ 9QLWĜ9QČMãPD[SURYR]WODNSĜL&3RORKQXWt 2]QDþHQt'19HOLNRVW SDOHFSUĤPSUĤPEDU0SDSVL PP 75= 9\VRNRWODNiKDGLFHW\S75MDNRGYRMLWiKDGLFH -HGQRWQêSURYR]QtWODNEDUSĜL&SURYãHFKQ\MPHQRYLWp VYČWORVWLVOLVRYDFtPLVSRMLSURSQHXPDWLNXY\VRNRWODNRXK\GUD XOLNXDMDNRSĜHSUDYQtSRWUXEtSURWHFKQLFNiPpGLD2GROQiYĤþL RGČUXIOH[LELOQtPDOiKPRWQRVWRGROQiYĤþLYČWãLQČWHFKQLFNêFK PpGLt9\VRNiWHSHOQiRGROQRVW&Då& 'XãHYQLWĜQtYUVWYDSRO\DPLGSRO\HVWHURYpSOHWLYR9QČMãt YUVWYDSRO\XUHWDQ 6NXSLQDYêURENĤ 9QLWĜ9QČMãPD[SURYR]WODNSĜL&3RORKQXWt 2]QDþHQt'19HOLNRVW SDOHFSUĤPSUĤPEDU0SDSVL PP 6, 3DOLYRYiKDGLFHVRSOHWHQtP 3RXåLWtSUREHQ]LQURSXPD]DFtROHMHY]GXFKDYRGX3DOLYRYi KDGLFHSRGOH',1W\S3=+DGLFH]HV\QWHWLFNpJXP\ VRSOHWHQtP]SR]LQNRYDQpKRRFHORYpKRGUiWX 7HSORWQtUR]VDK&Då& 6NXSLQDYêURENĤ 9HOL9QLWĜ9QČMã3URYR]QtWODN7UKDFtWODN3RORKQXWt 2]QDþHQt'1NRVW SDOHFSUĤPSUĤPEDU0SD SVLEDU0SDSVLPP 6, 3DOLYRYiKDGLFHVRSOHWHQtP 3RXåLWtSUREHQ]LQURSXPD]DFtROHMHY]GXFKDYRGX3DOLYRYi KDGLFHSRGOH',1W\S3=$+DGLFH]HV\QWHWLFNpJXP\ VQDYXONDQL]RYDQêPWH[WLOQtP RSOHWHP DVRSOHWHQtP ] SR]LQNRYDQpKRRFHORYpKRGUiWX 7HSORWQtUR]VDK&Då& 6NXSLQDYêURENĤ 9HOL9QLWĜ9QČMã3URYR]QtWODN7UKDFtWODN3RORKQXWt SVLEDU0SDSVLPP 2]QDþHQt'1NRVW SDOHFSUĤPSUĤPEDU0SD 6, 3DOLYRYiKDGLFHVRSOHWHQtP 3RXåLWtSUREHQ]LQURSXPD]DFtROHMHY]GXFKDYRGX 3DOLYRYiKDGLFHSRGOH',1W\S3=&+DGLFH]H V\QWHWLFNpJXP\VQDYXONDQL]RYDQêPWH[WLOQtP RSOHWHP DVRSOHWHQtP ] SR]LQNRYDQpKRRFHORYpKRGUiWX 7HSORWQtUR]VDK&Då& 6NXSLQDYêURENĤ 9HOL9QLWĜ9QČMã3URYR]QtWODN7UKDFtWODN3RORKQXWt 2]QDþHQt'1NRVW SDOHFSUĤPSUĤPEDU0SD SVLEDU0SDSVLPP )%6 +DGLFHVRFKUDQRXSURWLWHSOXEH]D]EHVWX WHUPLFNpKDGLFH]YiSQLNRYRNĜHPLþLWêFKYOiNHQ ,]RODþQtSOHWLYRRGROQpSURWLRGČUXDSHYQpYWDKX EDUYDVYČWOHPRGUi 7HSORWQt RGROQRVWGR& 6NXSLQDYêURENĤ 2]QDþHQt9QLWĜQtSUĤPČU )%66 +DGLFHVRFKUDQRXSURWLWHSOXEH]D]EHVWX 6LOLNRQRYpVNORODPLQiWRYpSOHWLYRRGROQpYĤþLSODPHQL 6NXSLQDYêURENĤ 2]QDþHQt9QLWĜQtSUĤPČU 6*) 2FKUDQQpSOHWLYR 2FKUDQQpSOHWLYR]SR]LQNRYDQpKRRFHORYpKRGUiWX 6NXSLQDYêURENĤ 2]QDþHQt9QLWĜSUĤP9QČMãSUĤP3RORPČURKQXWtPP 6*) 2FKUDQQpSOHWLYR 2FKUDQQpSOHWLYR]SR]LQNRYDQpKRRFHORYpKRGUiWX 6NXSLQDYêURENĤ 2]QDþHQt9QLWĜSUĤP9QČMãSUĤP3RORPČURKQXWtPP *.6 *XPRYêFKUiQLþSURWL]ORPX 6WDQGDUWQtEDUYDþHUQi 6NXSLQDYêURENĤ * 2]QDþHQt9QLWĜSUĤP'pOND PRGUi "#+ æOXWi (&% äHGi , RUDQæRYi "#!("' ĄHUYHQi #'! PRGUi "#+ æOXWi (&% äHGi , "#!("' RUDQæRYi ĄHUYHQi #'! PRGUi "#+ äHGi , 3.) 2FKUDQQiSUXåLQDSURWL]ORPX 2FKUDQQiSUXåLQDSURWL]ORPXYL]WDNp.6) 6NXSLQDYêURENĤ 2]QDþHQt9QLWĜSUĤP'pOND 5.6 2FKUDQDSURWL]ORPXWUXEN\ 2FKUDQDSURWL]ORPXWUXEN\]NRYXSR]LQNRYDQi DFKURPiWRYDQiQDåOXWR 6NXSLQDYêURENĤ 2]QDþHQt'1'pOND 66. 2FKUDQDSURWLRGČUX]XPČOpKPRW\ 8PČORKPRWQiRFKUDQDYĤþLRGČUXSURWLPHFKDQLFNpPX QDPiKiQtYKRGQpWDNpNGRGDWHþQpPRQWiåL 6NXSLQDYêURENĤ 2]QDþHQt'1'pOND 66) 2FKUDQDSURWLRGČUXSORFKi 2FKUDQDKDGLFHSORFKiVSLUiODFKURPiWRYDQiQDåOXWR RFHORYêSUXåLQRYêSiV 6NXSLQDYêURENĤ 2]QDþHQt9QLWĜSUĤPVSLUiO\2FHORYêSiV 665 2FKUDQDSURWLRGČUXNXODWi 2FKUDQDKDGLFHNUXKRYiVSLUiODSR]LQNRYDQiGYRMLWČ SR]LQNRYDQi 6NXSLQDYêURENĤ 2]QDþHQt9QLWĜSUĤPČUGUiWSUĤPČU 665( 2FKUDQDSURWLRGČUX 2FKUDQDKDGLFHNUXKRYiVSLUiODWČVQČQDYLQXWi 6NXSLQDYêURENĤ 2]QDþHQt9QLWĜSUĤPČUGUiWSUĤPČU 667. 6PUãĢRYDFtIyOLH 6PUãĢRYDFtKDGLFH]H]HVtWČQpKRSRO\ROHILQXVOHSLGOHP QDYQLWĜQtVWUDQČ667.MHSĜHSiåNRYiVPUãĢRYDFtKDGLFH 6PUãĢRYDFtPtUDDå7HSORWDSRXåLWt&Då& +RĜODYRVWQHKRĜODYiDQHQtVDPR]KiãHFt6PUãĢRYDFt WHSORWDPLQ&3UĤUD]QiSHYQRVWPLQN9PP,(& 6WDQGDUWQtEDUYDþHUQi6SHFLILNDFHRGSRYtGi',19'( 6NXSLQDYêURENĤ 2]QDþHQt'SĜLGRGiYFH'SRVPUãWČQt6tODVWČQ\ +<'52)/(; )427=82:Q8=5>@<024 +<'52)/(; 70382>DP?>B@C1R $1A07 0EB87L>E:D_>7:?9; $& *n`FKIJDdJB7A $& $C;DEL?J]ILgJBEIJ $& .;FBEJ77EAEB` % %ECF7J?8?B?J7C_:?` % .78KBA7LEB8O>7:?9 %! ,;B;L7DJD`DEHCO %$ +<'52)/(;IOIJ;C7J?A7EPD7m;D` %& "7:?9EL]FEJHK8`SJ;9>D?9A_?D<EHC79; & OP?A]BD`L;B?m?DOP>O:H7KB?AO@;:DEJAO7@;@?9>Fn;LE: & /Hm;D`@C;DEL?J_ILgJBEIJ?FECE9`DEHCE=H7CK & .78KBA7>CEJDEIJ`>7:?9EL_>EC;JHEL_>EP8Ee` &" *H;<;HEL7D_JB7AEL_HEPI7>OL@;:DEJB?Ld9>E8B7IJ;9> &% l7IJEKe`L7D_FE@COI>HDKJ` && -OIJ;C7J?A7HEPCgHk &' *n`AB7:OFHE:_BAO>7:?9ELd9>FEJHK8` &' (7JEm;D`AEB;DELd9>7HC7JKH ' EFEHKm;D_:_BAO7JEB;H7D9;>7:?9ELd9>FEJHK8` ' -HELD]D`EPD7m;D`#(7 +<'52)/(;Ke`L7Dd9>FHE>7:?9EL]FEJHK8` ' *n`IBKb;DIJL`>7:?9SFn;>B;:7Fn?n7P;D` ' 0EB8OJOFK>7:?9;FHEJH7DIFEHJJEFD_LE:O7F]HO '" "7:?9EL]FEJHK8`S8;PF;mDEIJD`?D<EHC79; '# /IAB7:DgD`7:E87FEKe?J`>7:?97>7:?9ELd9>FEJHK8` '# #DIF;AmD`AH?J_H?7 '' )FH7L7>7:?9EL_>EFEJHK8` '' )PD7m;D`>7:?97>7:?9EL_>EFEJHK8` 'EDJ]e>7:?9ELd9>FEJHK8` .EHP; *n;AHEm;D`C?D?C]BD`>EFEBECgHKE>DKJ` ):gH ! 47J`e;D`LJ7>K " /9>O9;D`>7:?9 " -B;>]D` # )427=82:Q8=5>@<024 +<'52)/(;70382>DP?>B@C1R -JK:;DdJEA # >EL]D`Lkm?FBODkC7F]n; # "?;H7H9>?;JB7AK $ %7L?J79; % *EF9EHD?D= & B;AJHEIJ7J?9AdD]8E@ & >7H7AJ;H?IJ?A7;B;AJHEIJ7J?9A_>ED]8E@; & B;AJHEIJ7J?9AdD]8E@LH]C9?LE:?L_J;9>D?AO ' B;AJHEIJ7J?9AdD]8E@C?CEH]C;9LE:?L_J;9>D?AO 4CgDO:_B;A7FHkCgHK>7:?9ELd9>FEJHK8` )427=82:Q8=5>@<024 +<'52)/(; 70382>DP?>B@C1R +>;10D7>3=Q703824 *7B;J7FHE:KAJk +<'52)/(;P7>HDK@;D;Im;JD_CDEeIJL`:HK>k>7:?9AJ;H_@IEKLOHE8;D_PD;@HkPDg@b`9> C7J;H?]Bk*HEJE@;FHEJ_CgnA7e:dPFkIE8FEKe`J`A:?IFEP?9?L>E:DdLdHE8;A *HEJEe;JECKJEHEPI]>B_CKCDEeIJL`JOFk>7:?9E:FEL`:]@;bJgHEPI]>B;@b`CEeDEIJ@;@?9>AEC8?D79`@; Jn;87Fn?A7e:_LEB8gL>E:D_>E>7:?9EL_>EC;JHEL_>EP8Ee`LO@7ID?JD]IB;:K@`9`P]AB7:D`EJ]PAO %ZR?CAB=TB;0: '7N?C]BD` FH79ELD` JB7A :OD7C?9Ad FH79ELD` JB7A KHmK@; IJHKAJKHK 7 LEB8K >7:?9; 0 P]L?IBEIJ? D7 PFkIE8K Ke?J` @IEK A :?IFEP?9? >7:?9; I J;NJ?BD`C FB;J?L;C I E9;BELdC FB;J?L;C D;8E J7A_ +<'52)/(; I :H]JgDdC? IF?H]B7C? "7:?9ELd FHE=H7C "(- &2 P7>HDK@; >7:?9; I FH79ELD`C JB7A;C E: 87H :E LOIEAEJB7A_>7:?9;IFH79ELD`JB7A;C87H"7:?9;I:H]JgDEKIF?H]BELEKLBEeAEKSPD]C_@7AEI79` >7:?9;SCE>EK8dJLOIJ7L;DOFE:JB7AK87H78IEBKJD`78OI;P78H]D?BEP>HEK9;D` <4=>D8BPADVB;>AB 0>O:H7KB?9A_CIOIJ_CKC]LD?JnD`FHkCgH>7:?9;D;8EJHK8AOC?CEn]:DdLdPD7C *EAK:FHEK:`J;AKJ?D7L;:;D`CF7A:E9>]P`A;PJH]JgJB7AKAJ;Hd@;P]L?IBdD7:HK>KFHEK:gD`D7:HIDEIJ? IJgDO L;:;D` D7 :_B9; L;:;D` 7 D7 @;>E LD?JnD`C FHkCgHK @7AEe ? D7 IF;9?<?9A_ >CEJDEIJ? J;AKJ?DO 7 HO9>BEIJ?FHEK:gD`.EJEI;LPJ7>K@;D7J7APL7D_LOL?DKJ_FHEK:gD`LFEJHK8`,;IF;AJEL7J@;Jn;87J7A_ J7APL7DEKU:_BAKHEP8g>KRAJ;H]PD7mDgELB?LhK@;HEP:gB;D`HO9>BEIJ? %;PJH]JgJB7AKD7:]B;:E9>]P`J_eFn?FHEK:gD`7HC7JKH7C?L;DJ?BOAEB;DOFEJHK8`7@?DdC?Pke;D`C? )427=82:Q8=5>@<024 +<'52)/(; 70382>DP?>B@C1R ,EPB?bK@`I;:L7:HK>OFHEK:gD` !0<8=P@=R FHEK:gD` FHE8`>] J;>:O A:Oe J;AKJ?D7 JLEn` F7H78EB?9A_ HEP:gB;D` HO9>BEIJ? 4JH]J7 JB7AK @; FHEFEH9?ED]BD`AHO9>BEIJ? &7C?D]HD`FHEK:gD` )C@1C;4=B=R FHEK:gD` F7DK@; Fn? ICgbEL]D` >B7LD`>E FE>O8K I D;KIFEn]:7DdC? C`I`9`C? FE>O8O 4JH]J7 JB7AKLPHkIJ]I;mJL;H9;CHO9>BEIJ? .KH8KB;DJD`FHEK:gD` 0 FH7N? Fn;LB]:7@` JKH8KB;DJD` FHEK:gD` -FH]LD] LEB87 @C;DEL?J_ ILgJBEIJ? Lb7A Cke; cm?DDEIJ >O:H7K B?9A_>EP7n`P;D`JHL7B;ELB?LhEL7J *B7J`e;I;PCgDEKFHkCgHK@;DELPHEIJ;FHkJEAELdE:FEHEFn;:FEAB]:]I;IJ;@D_FHkJEAEL_ CDEeIJL` $142=V?;0BR *EAK:I;C7@`K:HeEL7JPJH]JOD7C?D?CKF7A@;Jn;87LEB?J:EIJ?L;BAdLD?JnD`FHkCgHD;8EILgJBdFHkn;P JHK8AO>7:?9;SLFE9>O8D_CFn`F7:g@;Jn;87I;HEP>E:DEKJFHE:7Bb`LgJb`FHkCgH.`CJEPFkIE8;CI; ID`e`HO9>BEIJFHkJEAK7J`C?PJH]J7JB7AKLFEJHK8`0b;E8;9DgIJ7m`FEIEKP;D`FHkn;PKFE:B;DEHCE=H7CK L?P>7:?9EL]FEJHK8`SJ;9>D?9A_?D<EHC79; *HkCgH L;:;D` I; Lb7A D;IC` Fn?B?b HEPb`n?J D;8Ef I D7HkIJ7@`9`C FHkCgH;C AB;I] Fn`FKIJDd FHELEPD` Fn`F@C;DEL?JdJB7A '7BdFHkCgHL;:;D`LOIEA]HO9>BEIJFHEK:gD`LOIEA_FH79ELD`JB7AOCEeD_ 0;BAdFHkCgHL;:;D`D`PA]HO9>BEIJFHEK:gD`D`PA_FH79ELD`JB7AOCEeD_ *n;IDd LdFEm;J JB7AEL_ PJH]JO Fn;:FEAB]:] Fn;ID_ PD7BEIJ? >E:DEJ J;AKJ?DO IF;9?<?9Ad9> AE;<?9?;DJk E:FEHKFEJHK8D`>EIOIJ_CK7J;9>D?9A_P7bAEB;D` )427=82:Q8=5>@<024 +<'52)/(; 70382>DP?>B@C1R )4?;>B00>:>;R )m;A]L7D_FHELEPD`J;FBEJO7J;FBEJOEAEB`I;D;IC`Fn?LEB8g>7:?9EL_>EFEJHK8`D;9>7J8;PFELb?CDKJ` *EAK:I;FEKe`L7@`>7:?9EL]FEJHK8`C?CE@;@?9>Fn`FKIJDdJ;FBEJD`HEPI7>F7A@;Jn;87FEm`J7JI;PD7mDg ID`e;DEKe?LEJDEIJ` %7KmKAEL] ICgI IJ7D:7H:D`9> >O:H7KB?9Ad9> >7:?9 +<'52)/(; @IEK D7IJ7L;D` J7A e; BP; >7:?9; L P]L?IBEIJ?D7FHEL;:;D`FEKe`L7JP7JHL7B_>EFHELEPKPFH7L?:B7LJ;FBEJD`CHEPI7>KE:SY:EC7N YAH]JAE:E8gY*HEIJB7m;DdLP:K9>FB7J`@?D_J;FBEJO *n? L;BC? D`PAd9> J;FBEJ]9> :EI]>D; A7KmKAEL] ICgI J7APL7Dd 8E: P;IABEL7JgD` E: P;IABEL7JgD` FEF?IK@; J;FBEJK Fn? AJ;H_ I; ;B7IJ?9?J7 C7J;H?]BK Fn?8B?eK@; DKB; JPD e; C7J;H?]B PAn;>D; 7 B]C; I; Fn? C;9>7D?9A_ P]Jge? .OF?9AdC PD7A;C >7:?9EL_>E L;:;D` FEbAEP;D_>E IA;BDdC PBEC;C @IEK @;CD_ H7:?]BD`JH>B?DOD7FELH9>KLD?JnD`7LDg@b`LHIJLO>7:?9; *EKe?J`P7PLOb;Dd9>J;FBEJHELDgePAH79K@;e?LEJDEIJ>7:?9EL_>EFEJHK8`D;8EfA7KmKAEL_ICgI?J7AJE +<'52)/(; Fn;:m7IDg IJ]HDEK *HE=H7C "(- &2 Lb7A P7>HDK@; J7A_ :HK>O >7:?9 FHE J;FBEJD` HEPI7>O AJ;H_ Fn;AH7mK@`8geDdH]C;9 ]B; @; Jn;87 8H]J L cL7>K e; @; FELH9> =KCEL_ >7:?9; 9?J B?Ld Lkm? LDg@b`C LB?LkC @7AE D7Fn EPED D;8EI?BD_KBJH7<?7BEL_P]n;D`)PED7KBJH7<?7BEL_P]n;D`CE>EKP7FkIE8;D`D;Fn`PD?Ld9>LB?LkD7HKb?J n;JgPEL_CEB;AKBO;B7IJEC;HK .`CJEPJH7J`C7J;H?]B;B7IJ?9?JKSPJLH:D;7PAn;>D;7P7mD;I;B]C7JD7E8PLB]bJgD7C]>7Dd9>C`IJ;9> @7AE D7Fn LDg@b` FEBECgHO K >7:?9ELd9> FEJHK8` >7HAJ;H?IJ?9A_ @IEK FHE J;DJE @;L H7:?]BD` JH>B?DO AJ;H_P7I7>K@`7eAFB;J?LK.7AEL_JEFEJHK8`@;8;PE9>H7DOLOIJ7L;DEFELgJHDEIJD`CLB?Lk7LD;@8B?eb` :E8gI;Be; )427=82:Q8=5>@<024 +<'52)/(; 70382>DP?>B@C1R W;4U8BQ B;AJHEIL7nEL]D` LOL`@` LOIEA_ EPEDEL_ P7J`e;D` FHEJE @; Fn? IL7nEL]D` Jn;87 :8]J D7 IFH]LD_ LgJH]D`FHEIJEHK)PEDLPD?A]L;L;BA_CCgn`JAKJ7A_KK>B`AELd9>A7HJ]mAk;B;AJHECEJEHk7P7F7BEL79`9> P7n`P;D`IE:`AELd9>Ld8E@;A *HE=H7C +<'52)/(;Lb7AP7>HDK@;J7A_>7:?9;I;IF;9?]BD`FELH9>ELEKLHIJLEKAJ;H]FHEA7PK@;PLdb;DEK E:EBDEIJLkm?EPEDK ><?0B818;8B0<Q38R 4]I7:Dg @; Jn;87 Fn;PAEKb;J ID]b;DB?LEIJ @;:DEJB?Ld9> C7J;H?]Bk P; AJ;Hd9> @IEK LOHE8;D_ >7:?9; 7 7HC7JKHO I FEKe`L7DdC? C_:?? )>;8D] FEJHK8` +<'52)/(; I; FEKe`L7@` L FH7N? L; IFE@;D` I L;BAdC CDEeIJL`C J;AKJd9> 7 FBODDd9> C_:?` Fn?m;Ce @;@?9> E:EBDEIJ 7 9>EL]D` D;BP; Le:O P9;B7 E:>7:DEKJ [:7@; E E:EBDEIJ? C_:?` Lkm? C7J;H?]BkC >7:?9 @IEK @;D @7AE ICgHD_ >E:DEJO 7 FELEBK@` FEKP; Fn;:8geDEK LEB8K Fn`IBKbD_ >7:?9; J7Ae; L P]L7eDd9> D;8E D;8;PF;mDd9> Fn`F7:;9>@;Jn;878;PFE:C`D;mDgFHEL_IJFH7AJ?9A_PAEKbAO (]IB;:K@`9`;B7IJEC;HO7KCgB_>CEJOBP;KIJ7D:7H:D`9> +<'52)/(; >7:?9FEKe`JLOh7J;A )F?703824#(!- +<'52)/(; "0B4@8P; 3CS4703824 +;0AB=>AB8 "". 7e.-! ' ! >7:?9; KJ7:?;DE 7AHOBED?JH?BELd A7KmKA(, -J7D:7H:D`;B7IJEC;HFHEJgIDgD`7>7:?9; )4?;>B=R@>GA07SY7eYLJHL7B_C FHELEPK EFEHKm;D_J;AKJ?DO'?D;H]BD`EB;@n;FAELdEB;@ EB;@D78]P?FEBO=BOAEBKD78]P?IODJ;J?9A_>E;IJ;HK LE:D`EB;@EL_;CKBP;7LE:70>E:D_FHE8?EBE=?9AO E:8EKH7L7J;BD_>O:H7KB?9A_J;AKJ?DO "" "7" >BEHEFH;DELd A7KmKA, -J7D:7H:D`;B7IJEC;HFHELOIEAEJB7A_>7:?9; .LH:?:BE@7AE(, )4?;>B=R@>GA07LP]L?IBEIJ?D7FHEL;:;D`SY 7eC7NYLJHL7B_CFHELEPK EFEHKm;D_J;AKJ?DO'?D;H]BD`EB;@LE:7 =BOAEB;CKBP;C?D;H]BD`EB;@;LE:7 (3(3. 7. -9>B^K9>; *EBO7C?:* E8H]E:EBDEIJLkm?CDEeIJL`C_:?` (`PA]F;HC;78?B?J7KFBODDd9>C_:?` )4?;>B=R@>GA07SY7eYLJHL7B_C FHELEPK )427=82:Q8=5>@<024 +<'52)/(; 70382>DP?>B@C1R +<'52)/(; )F?703824#(!- "0B4@8P; 3CS4703824 +;0AB=>AB8 . 7. *EBOJ;JH7 <BKEH;JOB;D*. E8H]E:EBDEIJLkm?7=H;I?LD`CC_:?`C )4?;>B=R@>GA07SY7eYFn? LObb`9>J;FBEJ]9>@;Jn;87FEm`J7JIFEAB;I;C JB7AK (3(3 *EBO;IJ;H ;B7IJEC;H 9;DELgLd>E:Dg@b`C7J;H?]BFHEIJ7D:7H:D` KCgBE>CEJD_>7:?9; )4?;>B=R@>GA07SY7eY ".7". FEBO;JOB;D IKB<EDEL7Dd 9>BaH;C-' 0OIE9;LdAEDDd;B7IJEC;HI:E8HEKE:EBDEIJ` 7LOIEAEKe?LEJDEIJ`FEKe?J;BDdE:SY 7eYLJHL7B_CFHELEPK >?>@CY4=QB4:CB8=F'?D;H]BD`EB;@LE:D` EB;@EL];CKBP;7HEPJEALE:7=BOAEB:EY *n?PLdb;Dd9>J;FBEJ]9>@;Jn;87FEm`J7JID]IB;:K@`9`C?AEH;AmD`C?<7AJEHO )4?;>B=R@>GA07 >@4:Y=R50:B>@ S E7eE E7eE E7eE E7eE )427=82:Q8=5>@<024 +<'52)/(; 70382>DP?>B@C1R )01C;:0D>;1F70382 )F? +4;8:>AB # . "0E8<P;=R?@02>D=RB;0:D10@ ?ZR?CAB=T?>;><V@>7=CBRD<< )4?;>B=R @>GA07 D4K ## ( . ( -, ( -, ( . ( . . . . ( . ' -, ' -, -, ' %* ( - %* ( - " ( -( -,. " ( -. -, ". " ( -( -,. " ( -. -, ". )427=82:Q8=5>@<024 +<'52)/(; 70382>DP?>B@C1R )F? "0E8<P;=R?@02>D=RB;0:D10@ ?ZR?CAB=T?>;><V@>7=CBRD<< +4;8:>AB # )4?;>B=R @>GA07 D4K ## ( " " " " " ( -. -, %* ( - " ( -* " ( -* ( -" ( , -, -, ( -" (3 ( , -, (34 ( , -, (3 (34 -, -, (3 (3 (3 ! ! -! -! )427=82:Q8=5>@<024 +<'52)/(; 70382>DP?>B@C1R )F? "0E8<P;=R?@02>D=RB;0:D10@ ?ZR?CAB=T?>;><V@>7=CBRD<< +4;8:>AB # )4?;>B=R @>GA07 D4K "1 " "1 " . ## . 4 . . 4 -# -# 3-3%"&!,4+@#+8*'9-,2,)#+9-.,%,.+&!(,1, )/0-,")# ( )427=82:Q8=5>@<024 +<'52)/(; 70382>DP?>B@C1R "+$)$1$%'#, %(-')%,%(-'39=43758&?.638235139%2B1-459/;,;(5%80-'/>643.39%'?7)',2-/;$)0/>123C679?43.1G %</5%7)/<4G63&8.)E%673<1%7)/45373$=1<()',')1)<45367D)(/39%76758E2B 4D),0)( $) *08-(2? 7)',2-') 0<) 53<0-@39%7 1)<- 438,B1- 9B53&2?1- 2351%1- .%/3C - 2351%1- % 61H52-')1- 453 438C-7?7H',73453(8/7G9BF%7)/<4D?608@2>9B53&2?2351;.61).-C89)(0-(D?9) =60)(8.?'?6)<2%189=(?131)27=02H2).(G0)C-7H.@?67%2(%5(2?4539)()2? %'# ( ,/$1 ;(5%80-'/>,%(-')6903C/38<7):7-02?,340)7-9%64)'-*-/%') 2H1)'/><2H2? ;(5%80-'/>,%(-')67):7-02?903C/3864)'-*-/%') 2H1)'/><2H2? #1H03,1372>,;(5%80-'/>,%(-')67):7-02?903C/3864)'-*-/%') 2H1)'/><2H2? ;(5%80-'/>,%(-')6(5=7H2B1-64-5=0%1-64)'-*-/%') 2H1)'/><2H2? 314%/72?,;(5%80-'/>,%(-')6903C/38<7):7-02?,340)7-9%64)'-*-/%') 2H1)'/><2H2? %(-')6903C/38(3(%7)//2351H%C "0%/39<(8@2>&5<(39>63867%9;,%(-')53<1H51%7)5-=03<2%E)2? "0%/39<(8@2>&5<(39>63867%9;,%(-')43C%(%9/;</38@/; - . )<4)E23676753.G&)<4)E23672H7)',2-'/>43C%(%9/;453<%D?<)2? <*08-(2?7)',2-/;%.).-',638E=67-,;(5%80-/% 8139>%81H03,1372>,%(-') 40;22>',)1-/=0-)64)'-*-/%') $ %(-'39=43758&?453*0-8-(2?7)',2-/87)',2-'/>64)'-*-/%') %(-'39=43758&?<)0%6731)5G4534=58%,35/3893(8 9@)3&)'2>43C%(%9/; $B53&/;</%8E8/8%+81;43C%(%9/;2%803C)2? E-@7H2?%A(5C&8 %(-')67):7-02?1-903C/%1-.1)239-7B70%/ %(-')67):7-02?1-903C/%1-.1)239-7B70%/ %(-')67):7-02?1-903C/%1-.1)239-7B70%/ )427=82:Q8=5>@<024 +<'52)/(; 70382>DP?>B@C1R %'# ( ,/$1 08-(2?7)',2-/%,%(-'39>%51%785;79%56)<=9-739B1E)4)10),/> D%(;53<1H5 08-(2?7)',2-/%,%(-'39=%51%785%79%56)<=9-739B1E)4)17HC/> D%(;!53<1H5 08-(2?7)',2-/%,%(-'39=%51%785%79%567H62?'?1/8C)0)1%/538C/)1 0),/>D%(;53<1H5 08-(2?7)',2-/%,%(-'39=%51%785%79%567H62?'?1/8C)0)1%/538C/)1 7HC/>D%(;!53<1H5 08-(2?7)',2-/%,%(-'39=%51%785%79%5 64D?58&39B12=/58C/)1 67%2(%5(2?4539)()2?53<1H5 08-(2?7)',2-/%,%(-'39=%51%785%79%5 64D?58&39B12=/58C/)1 7HC/>4539)()2?53<1H5 - . 08-(2?7)',2-/%,%(-'39=43758&?53<1H5;%43C%(%9/; )427=82:Q8=5>@<024 +<'52)/(; 70382>DP?>B@C1R +<'52)/(;AFAB4<0B8:0>G=0Y4=R "7:?9EL]FEJHK8`+<'52)/(;@IEKEPD7m;D7FE:B;D]IB;:K@`9`>EIOIJ_CK *HLD`F`IC;DE7m`IBEEPD7mK@`JOFFEKe?J_E8@`CAO7>7:?9;*EJ_@IEKKL;:;D_;<;AJ?LD`CEDJ]eD`:_BAO LCCL?PIOIJ;C7J?A7HEPCgHk7Fn`FE@AO7IJH7DO>7:?9; *EAK: C7@` 8dJ E8g IJH7DO LO87L;D_ IJ;@DdC JOF;C 7HC7JKHO @; J;DJE KL;:;D @;D @;:DEK :E:7J;mD_ Fn`IBKb;DIJL`@7AED7Fn9>H]D?mFHEJ?PBECKD;8Ec:7@;Ec>BKD7JEm;D`7HC7JKH8K:EKD7IJ7L;DO(7b; IOIJ;C7J?A7EPD7m;D`BP;D;@B_F;E8@7ID?JD7Fn`AB7:K % E ( 3<9?+9` 9,4L75+$:;9?@<959=6+5K2+.3-/ LHIJL]LOIEAEJB7A]>7:?9; $C;DEL?JdFHkCgH( ;<;AJ?LD`CEDJ]eD`:_BA7Cgn;D] C;P?JgID`9`C? AKe;BO 77HC7JKH7C? .OF7HC7JKHO )8gIJH7DO@IEKLO87L;D_IJ;@DdC?7HC7JKH7C? /34B?IEL79` D]JHK8;AIC;JH?9AdCLDg@b`CP]L?J;C*("-JgeA] AEDIJHKAmD`n7:7 =41> ( E ! K?>AC=CB> )>;8D]IJn`8HD]:H]JgD]>7:?9;n7:O-# $C;DEL?J]ILgJBEIJ( ;<;AJ?LD`CEDJ]eD`:_BA7Cgn;D] C;P?JgID`9`C? AKe;BO 77HC7JKH7C? .OF7HC7JKHO )8gIJH7DO@IEKLO87L;D_IJ;@DdC?7HC7JKH7C? /34>7:?9ELdD]JHK8;AIJgID`9`C AKe;B;C 7Fn;IKLDEKC7J?9`LFHEL;:;D`Y [>;BPAHEK9;D`7HC7JKHO /347C7JKHO@IEKD7CEDJEL]DOIFEIKL;CY )PD7m;D` FHE :7Bb` Fn`IBKb;DIJL` @IEK Fn?FE@;D7 P7 EPD7m;D` E8@;:D]LAO L;:;D` *" N $ $ --% .EJE E>;8D_ FEJHK8` C] :E:7J;mDEK E9>H7DK FHEJ? E:gHK PKCgB_>CEJO--% )427=82:Q8=5>@<024 +<'52)/(; 70382>DP?>B@C1R % E $!! &?IEL79` E8@`CA7* FHE:LEKLHIJLEKLOIEAEJB7AEK>7:?9?" L;@C;DEL?J_ILgJBEIJ?( _BA7>7:?9EL_>EFEJHK8`Cgn;DELCCC;P? JgID`9`C? AKe;BO 77HC7JKH7C? ';JH?9A]7HC7JKH7IFn;IKLDEKC7J?9`7 I) AHEKeAELdCJgIDgD`C)B;>A]AEDIJHKAmD`n7:7& ';JH?9A]7HC7JKH7IFn;IKLDEKC7J?9` IAELELdCJgID`9`CAKe;B;C LB;>A_AEDJHKAmD`n7:g& .L7HJgID`9`>E AKe;B; FHE@C;DEL?JEKILgJBEIJ( HC7JKH7LAEB;DEL_CFHEL;:;D`IJKFhk HC7JKHOB?IEL79` D]JHK8AOFHE 7 LHIJL_:H]JEL_>7:?9;@7AEe?FHEJ;NJ?BD`>7:?9;@IEKEPD7m;DO PAH7JAEK*( )427=82:Q8=5>@<024 +<'52)/(; 70382>DP?>B@C1R =41> %E $(+$( ! + &?IEL79` E8@`CA7* FHELOIEAEJB7AEK>7:?9?" n7:OL;@C;DEL?J_ILgJBEIJ?( _BA7>7:?9EL_>EFEJHK8`LCC ';JH?9A]7HC7JKH7IFn;IKLDEKC7J?9` 7) AHEKeAEL_JgIDgD`)JgeA]AEDIJHKAmD`n7:7- I;P7@?bJgD`CFHEJ?LOJHe;D` C7J;H?]BE9;B HK>]7HC7JKH7@;IJ;@D]@7AEFHLD`7Lb7ALAEB;DEL_CFHEL;:;D`IJKFhk ICEDJ]eD`LdbAEK&CCFE@?IJA7FHEJ?LOJHe;D`FHEL;:;D`PKbB;9>J?B_E9;B? &?IEL79` 7HC7JKHOFHELOIEAEJB7A_JHK8AOn7:" 7@IEKLe:OEPD7m;DOPAH7JAEK* .`CJE:HK>;CEPD7m;D`@IEK7HC7JKHO7E8@`CAOF]HELgI:HKe;DO )427=82:Q8=5>@<024 +<'52)/(; 70382>DP?>B@C1R 0382>DP?>B@C1RHB427=82:Q8=5>@<024 FG8:P;=RD4;8Y8=FG7F3@0C;8:F943=>B:F0949827?Z4D>3 (]IB;:K@`9`J78KBA7PE8H7PK@;IEK>HD<OP?A]BD`9> L;B?m?D7@;:DEJ;AAJ;H_I;LE8B7IJ?>O:H7KB?AO D;@m7IJg@? LOIAOJK@` $G=0Y4=R 943=>B:F +4;8Y8=0 43=>B:0 %Z4D>3 "CEJDEIJ -`B7 A?BE=H7C *EKD:B?8H7! (;MJED A= B8 ((A=CI A=B8 B8A= 0dAED _BA7 *BE9>7 *EKD: EH9;! 17JJ <EEJFEKD:<EH9; F;HI;9ED: C;JH C?B?C;JH <EEJIJEF7! #D9>F7B;9! mJL;H;mDBC;JH B8< 11A=CI mJL;H;mDB9;DJ?C;JH IGK7H;?D9>! (B8< B8<( 1<JB8<I <JB8<I ' 'C J #D C <JB8<I1 C<J CC?D <JC ?DCC 9C 9C?D ?D ?D9C C?D )8@;C AK8?9AdC;JH AK8?9Ad9;DJ?C;JH C 9C CB?JHk 9C?D 9K8?9?D9>! ?D ?D9C .B7A !7BBED! !7BBED/- 87H !7B !7B 87H87H(C =7BB?JHk =7BB?JHk ';=7 *7I97B '*7'*787H '*7FI? 87HFI? %?BE *7I97B FEKD: <EH9; F;HIGK7H;?D9> )8@;CELdFHEK:B?JHP7I;AKD:K %*7%*787H %*7FI? B8<FI? BIBICI FI?87H B?JHP7C?DKJK BC?DBC?DCC?D 0?IAEP?J7 =7BBEDIF;HC?DKJ;! =7BBEDIF;HC?DKJ;/- 9;DJ?IJEA; =7BC?D =7BC?D 9-J9-JCCI BC?D=7BC?D! BC?D=7BC?D/- =7BC?DB?J;HC?D =7BC?DB?J;HC?D )427=82:Q8=5>@<024 +<'52)/(; 70382>DP?>B@C1R *ECE9FEIAOJK@;?D]IB;:K@`9`J78KBA7FHEFn;LE:OJB7AELd9>@;:DEJ;A 43=>B:0 %0#< "%0 10@ 0B:?2< 0B< *7(C 'F7 87H 7JAF9C 7JC *E:FE@C;CJB7AI;HEPKC`ALE9?;DJI`BO D7FBE9>K? $;:DEJAEKI`BO @;(;MJEDFBE9>7C]@;:DEJAKC4JE>EJE:kLE:KI;@;:DEJA7JB7AK(CD7PdL]*7I 97B%00J;9>D?9;I;J_eFEKe`L7@`@;:DEJAO@7AEC;=7F7I97B"%0>;AJEF7I97B7%0D;8E87H10@ /D`PAd9>JB7AkI;Ke`L]@;:DEJA7C?B?87HC87H =)#<&08n`L;8geD_@;:DEJAO7J7JC.EHH7CC1-KeD;@IEKFn`FKIJD_ %ZR:;03YB4=R 47:]D@;JB7A'F7%EB?A@;JE87Hk 0FHLD`CIBEKF9?U@;:DEJA7R@`JA'F7 0n7:gU87HR @`J:EFH7L77eA>E:DEJgUR *HEJEe;>B;:]C;'F7LOD]IE8`C;>E:DEJKm`IB;C 0dIB;:;A'F7N10@ *@Y4=R9<4=>D8BQADVB;>AB8?><>2R=>@<>6@0<C $7A BP; DOD` KHm?J LD?JnD` FHkCgH >O:H7KB?9A_>E L;:;D` 0gJb?DEK @IEK Ke?L7J;B? :EFH7LEL7D] CDEeIJL` m;HF7:B77FH79ELD`JB7APD]C_(]IB;:K@`9`J78KBA7FEIAOJK@;ICgHD_>E:DEJOFHEHO9>BEIJ?FHEK:gD`L P]L?IBEIJ?D7FH79ELD`CJB7AK>E:DEJ7Fn?n7P;D]Fn`IBKbD_CKJB7AKI;IJ7DEL`@7AEFHLD` @C7?>B@C1R %@02>D=RB;0: 'F27;>AB?@>C3V=RD -79`FEJHK8` CI 4FgJD_FEJHK8` CI .B7AEL_FEJHK8` S 87H CI S 87H CI S 87H CI S 87H CI S 87H CI S 87H CI )427=82:Q8=5>@<024 +<'52)/(; 70382>DP?>B@C1R "E:DEJ7 FHE HO9>BEIJ FHEK:gD` I; P7D;I; :E FH7L_>E IBEKF9; DEHCE=H7CK L B;L_C IBEKF9? I; EPD7m` >E:DEJ7FHE:EFH7LEL7D_CDEeIJL` *HkI;m`A IFE@EL79` Fn`CAO Jg9>JE :LEK >E:DEJ KHmK@; >E:DEJK >B;:7D_>E FHkCgHK FEJHK8` Fn?JEC @; Jn;87H;IF;AJEL7JHEPCgHO %6738 ?7< *HkCgH77 $69-2+-7 %ZR:;03 47:]DE@;P7n`P;D`IFHELEPD`CJB7A;C87H7FHkJEAELdCCDEeIJL`C+BC?D0OFEm`J7J@;Jn;87 L>E:DdLD?JnD`FHkCgH>7:?9; '4S4=R )PD7m?J >E:DEJK + L DEHCE=H7CK P J78KBAO U-CgHD_ >E:DEJO FHE HO9>BEIJ FHEK:gD`R LO8H7J >E:DEJK CI 7 P7D_IJ :E DEHCE=H7CK :E IBEKF9; L *EJEC IFE@?J Fn`CAEK >E:DEJO P FH7L_>E 7B;L_>EIBEKF9; *HkI;m`AFn`C;AIFHEIJn;:D`CIBEKF9;C:]>E:DEJKFHELD?JnD`FHkCgH>7:?9;P:;:997CC )427=82:Q8=5>@<024 +<'52)/(; 70382>DP?>B@C1R )01C;:07<>B=>ABR70382>DQ7><4B@>DQ7>G1>UR >G=0Y4=R . "7:?9;(S. $G=0Y4=R=>@<F <>B=>ABD:6< . "7:?9;(S. . "7:?9;(S. . "7:?9;(S. . "7:?9;(S. . "7:?9;(S. . "7:?9;(S. . "7:?9;(S. . "7:?9;(S. . "7:?9;(S. . "7:?9;(S. . "7:?9;(S. . "7:?9;(S. . "7:?9;(S. . "7:?9;(S. . "7:?9;(S. . "7:?9;(S. . "7:?9;(S. . "7:?9;(S. . "7:?9;(S. . "7:?9;(S. . "7:?9;(S. . "7:?9;(S. . "7:?9;(S. . "7:?9;(S. . "7:?9;(S. . "7:?9;(S. . "7:?9;(S. " "7:?9;(S-( " "7:?9;(S-( " "7:?9;(S-( )427=82:Q8=5>@<024 +<'52)/(; 70382>DP?>B@C1R >G=0Y4=R " "7:?9;(S-( $G=0Y4=R=>@<F <>B=>ABD:6< " "7:?9;(S-( " "7:?9;(S-( " "7:?9;(S-( " "7:?9;(S-( " "7:?9;(S-( " "7:?9;(S-( " "7:?9;(S-. " "7:?9;(S-. " "7:?9;(S-. " "7:?9;(S-. " "7:?9;(S-. " "7:?9;(S-. " "7:?9;(S-. " "7:?9;(S-. " "7:?9;(S-. " "7:?9;(S-. " "7:?9;(S-( " "7:?9;(S-( " "7:?9;(S-( " "7:?9;(S-( " "7:?9;(S-( " "7:?9;(S-( " "7:?9;(S-( " "7:?9;(S-( " "7:?9;(S-( " "7:?9;(S-( " "7:?9;(S-( " "7:?9;(S-. " "7:?9;(S-. " "7:?9;(S-. " "7:?9;(S-. " "7:?9;(S-. " "7:?9;(S-. )427=82:Q8=5>@<024 +<'52)/(; 70382>DP?>B@C1R >G=0Y4=R $G=0Y4=R=>@<F <>B=>ABD:6< " "7:?9;(S-. " "7:?9;(S-. " "7:?9;(S-. " "7:?9;(S-. " "7:?9;(S-. " "7:?9;(S-* " "7:?9;(S-* " "7:?9;(S-* " "7:?9;(S-* " "7:?9;(S-* " "7:?9;(S-" " "7:?9;(S-" " "7:?9;(S-" " "7:?9;(S-" " "7:?9;(S-" " -,R " -,R " -,R " -,R " -,R " -,R )427=82:Q8=5>@<024 +<'52)/(; 70382>DP?>B@C1R %@454@>D0=QB;0:>DQ@>GA07FD943=>B;8DT27>1;0AB427 0Fn`F7:ge;D;8OBOFn?AECKD?A79?I;P]A7PD`A;CP@?bJgDOFHELEPD`JB7AO@;Jn;87Fn?LEB8g7:?C;DPEL]D` IFE@EL79`9>;B;C;DJkP>B;:?IA7JB7AKFEKe`JD]IB;:K@`9`>E:DEJOHEPI7>O /4<V3V;A:QAB@>94 -JHE@;FHEFH]9?D7FEB?JH7AJEHAEC87@DD;I;D_D]n7:` $`P:D`FE>EDAEC87@DK 7e87H 87H (B0D41=R0:><C=P;=RD>G83;0G3D8702RG0ZRG4=R 7=HIHELD]L7m;D7AB7:7m;@;n]8OD7L?@]AOFE>EDOFE@;P:K '?D?87=H 7=HD7:J 7e7e 7e87H 87H (B@>94=0G?@02>DP=R?;0ABW EKA79`IJHE@; 0IJn?AEL79`IJHE@; 7e87H 7e87H !4A=RAB@>94 *HELEP@;n]8K $`P:D`FHELEP 7e87H 7e87H CB=82:P0DP;2>D02RG0ZRG4=R 07B9`n 47n`P;D`FHEFBODKB_E:B_L]D` %OLD_DkeAO 7e87H 7e87H 87H $1@P1V2RAB@>9414GBZRA:>DQ 4AKb;8D`B?IC7J;H?]BK &?ID7B?IEL]D`A;H7C?AO7FB7IJ?9Ad9>>CEJ )>H7hEL79`7FHEJ7>EL79`B?I U&K97IR B?IO 7eD7:87H 7e87H 7e87H 87H $1@P1V2RAB@>94BZRA:>DQ>1@P1V=R /F`D79`P7n`P;D` "E8BEL79`7E8H]e;9`IJHE@; 0HJ7mAO7IEKIJHK>O HKIAO 7e87H 7e87H 7e87H 7e87H #PZ03R?@>GP27@0==Q?@P24 4]9>H7D]nIA_DkeAOHEPF`D79`D]IJHE@ ,KmD`F]AEL_m;HF7:BED;HF79 87H 87H +TB07F )IE8D`7D]AB7:D`LdJ7>O 7e87H )427=82:Q8=5>@<024 +<'52)/(; 70382>DP?>B@C1R $?D_:;<?D?9;Fn?FEKbJ`n`:?JI;FE:B;D]IB;:K@`9`9>@>GA07WDTS4:?@>D>G=R27JB7Ak 0OIEAEJB7A]P7n`P;D` 0OIEAEJB7A]P7n`P;D` -Jn;:EJB7A]P7n`P;D` -Jn;:EJB7A]P7n`P;D` (`PAEJB7A]P7n`P;D` LgJb`D;e87H 7e87H 7e87H 7e87H 7e87H X0AB>CURD0=Q?>9<FA7@=CBR S (-#C;H?97D(7J?ED7B-J7D:7H:I#DIJ?JKJ;(-#@;7C;H?9A]?DIJ?JK9;IJ7DELK@`9`DEHCO S -' .>; C;H?97D -E9?;JO E< ';9>7D?97B D=?D;;HI -' @; IFEB;A /- 7C;H?9Ad9> IJHE@D`9> ?De;DdHk S -*H?J?I>-J7D:7H:*?F;.>H;7:4AH7JA7FHE7D=B?9AdJHK8AELdP]L?J S -*.H?J?I>-J7D:7H:*?F;.>H;7:.7F;H;:.7JEPAH7JA7@;FHEAKe;BELd7D=B?9AdJHK8AELdP]L?J S .n`:OJEB;H7D9;@IEKKJg9>JEP]L?Jkm7IJEKL;:;DOFn?FE@;D`CF`IC;D;**n`AB7: -* *L]B9ELdJHK8AELdP]L?J@;CDdP]L?J -* **L]B9ELdJHK8AELdP]L?JE8PLB]bJg@;CDdP]L?J S $#$E?DJ#D:KIJHOED<;H;D9;/- 7C;H?9AdFHkCOIBELdIFEB;A S (*-'(7J?ED7B*?F;-JH7?=>J';9>7D?97B.>H;7:7C;H?9AdJHK8AELdP]L?J S (*.(7J?ED7B-J7D:7H:.7F;H*?F;.>H;7:7C;H?9AdAKe;BELdJHK8AELdP]L?J S ), -) ,?D= 79;-;7BKJgIDgD`m;BD`C) AHEKeA;C S /( .>H;7:$;:DEJDd 7 IJKFP]L?J S /( .>H;7:$;:DEJDd@;CDdP]L?J S /(- .>H;7:$;:DEJDdIF;9?]BD`P]L?J S --E9?;JOE<KJECEJ?L;D=?D;;HI-@;IFEB;A?De;DdHk7C;H?9A_>E7KJECE8?BEL_>EFHkCOIBK )427=82:Q8=5>@<024 +<'52)/(; 70382>DP?>B@C1R (FAB4<0B8:0@>G<V@W %ZR:;03F?@>3Q;:F70382>DT27?>B@C1R _BA7 >7:?9EL_>E FEJHK8` I; Cgn` P]I7:Dg C;P? JgID`9`C? AKe;BO Fn`F K AEB;DELd9> 7HC7JKH C;P? IJn;:O7HC7JKH )427=82:Q8=5>@<024 +<'52)/(; 70382>DP?>B@C1R #0B>Y4=R:>;4=>DT270@<0BC@ *n? FEF?IK >7:?9ELd9> FEJHK8` I D7JEm;DdC? 7HC7JKH7C? I; FEIJKFK@; D]IB;:ELDg *HLD` Fn`FE@A7 KA7PK@; Le:O D7>EHK *n? D7JEm;D` E IJKFhk @; :HK>] 7HC7JKH7 D7JEm;D7 E IJKFhk L; ICgHK >E:?DELd9> HKm?m;A @7A @; L?:gJ D7 E8H]PAK .EJE FB7J` FHE KHm;D` D7JEm;D` 7HC7JKHO Fn? E8@;:D]L9; +<'52)/(; "(- &2 @; Jn;87 :8]J D7 JE e; EIJ7JD` LdHE89? Fn`F P]A7PD`9? KL]:g@` JEJE D7JEm;D` LFHEJ?ICgHK>E:?DELd9>HKm?m;A*HEJE@;Jn;87D7JEm;D`Fn`IBKbDgAEDJHEBEL7J (7JEm;D`EIJKFhk (7JEm;D`EIJKFhk Fn`FE@A7 Fn`FE@A7 >?>@CY4=Q3Q;:F0B>;4@0=2470382>DT27?>B@C1R EFEHKm;D_:_BAO7JEB;H7D9;FHE>7:?9EL]FEJHK8`@IEKIJ7DEL;D_LCEC;DJ]BDgFB7JD_CLO:]D`DEHCO #( 7:EFEHKm;D_:_BAO 8Fn`FKIJD_E:9>OBAO:_BAOLCC 4;:>DP3Q;:0 7e D7:7e D7:7e D7:7e 0U# S S S >3#0U# S S S S D7: >3# 0U# S )427=82:Q8=5>@<024 +<'52)/(; 70382>DP?>B@C1R +<'52)/(; (@>D=P=R>G=0Y4=R#0#(!-CURD0=T27?@>70382>DP?>B@C1R #( ( * , - +<'52)/(; "(- &2 & "& "- )& )- - - ' ( %ZRA;CS4=ABDR70382H?Z47;430?Z8Z0G4=R 03824 " " ( -! -! ( - - (( --% --% ((' --, --, (( -- -- ( % *% " " " " " " " " " " " -! -! -! -! -! -! -! -! -! -! -! - - - - - - - - - - - --% --% --% --% --% --% --% --% --% --% --% --, --, --, --, --, --, --, --, --, --, --, ------------ *% *% *% *% *% *% *% *% *% *% *% " " " " " " -! -! -! -! -! -! - - - - - - --% --% --% --% --% --% --, --, --, --, --, --, ------- *% *% *% *% *% " " " " " " -! -! -! -! -! -! - - - - - - --% --% --% --% --% --% --, --, --, --, --, --, ------- *% *% *% *% *% " " " " -! -! -! -! - - - - --% --% --% --% --, --, --, --, ----- *% *% *% *% ,%- ,%- ,%- ,%- ,%- ,%- ,%- ,%- )427=82:Q8=5>@<024 +<'52)/(; 70382>DP?>B@C1R 03824 ( ( (( ((' (( ( % ' ( " " " " -! -! -! -! - - - - --% --% --% --% --, --, --, --, ----- *% *% *% *% " " " " " -! -! -! -! -! - - - - - --% --% --% --% --% --, --, --, --, ---- *% *% *% *% " " " -! -! -! - - - --% --% --% --, --, --, -- -- -- *% *% *% " " -! -! - - --% --% --, --, -- -- *% *% ,%- ,%- " " " " " -! -! -! -! -! - - - - - --% --% --% --% --% --, --, --, -- -- -- *% *% *% ,%- ,%- ,%- ,%- " -! - --% --, -- !%- " " -! -! - - --% --% --, --, -- -- !%- !%- "1 "1 "1 -! -! -! - - - --% --% --% --, --, --, -- -- -- !%- !%- !%- %* %* %* %* %* %* ' -! -! -! -! -! -! -! - - - - - - - --% --% --% --% --% --% --% --, --, --, --, --, --, --, -------- *% *% *% *% *% *% ,%- ,%- ,%- ,%- ,%- ,%- ,%- ,%- ,%- )427=82:Q8=5>@<024 +<'52)/(; 70382>DP?>B@C1R 03824 ( ( (( ((' (( ( % ' ' ' ' -! -! -! -! - - - - --% --% --% --% --, --, --, --, ----- *% *% *% *% ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' -! -! -! -! -! -! -! -! -! -! -! -! -! -! -! - - - - - - - - - - - - - - - --% --% --% --% --% --% --% --% --% --% --% --% --% --% --% --, --, --, --, --, --, --, --, --, --, --, --, --, --, ----- ---------- *% *% *% *% *% *% *% *% *% *% *% *% ( ( ( ( ( -! -! -! -! -! - - - - - --% --% --% --% --% --, --, --, --, --, ------ ( ( ( -! -! -! - - - --% --% --% --, --, --, -- -- -- ' ( ,%- ,%- ,%- ,%- ,%- ,%- ,%- )427=82:Q8=5>@<024 +<'52)/(; 70382>DP?>B@C1R +>;1FBF?C703824?@>B@0=A?>@BB>?=QD>3F0?P@F .;FBEJ7L; IJKFD`9>;BI?7 '>GA07 8;PFHEIJn;:D`HEPI7>D7:An?LAEK>7:?9; FHEF]HKFn?JEC@;Jn;878;PFE:C`D;mDg H;IF;AJEL7JF7H7C;JHOC`IJ7D7I7P;D`J;FBEJ7 '>GA07 *E:An?LAEK>7:?9;FHE>EHAEK LE:KJOFK" Fn`F"1 .,, .,4/%3-,"+"(?&2(,1)4# -,1<900(8(,2,28%"&!#%"&!# .#/-#(0,20-.*#0.3*9/0+/4#+9 .B7A*L,+; %7e:d8E:An?LAOE:FEL`:]>H7D?9?C;P?>EHAEKLE:EK7IOJEKF7HEK )427=82:Q8=5>@<024 +<'52)/(; 70382>DP?>B@C1R 0382>DP?>B@C1RH14G?4Y=>AB=R8=5>@<024 *n`F7:D]D;8;PF;m`LO9>]P;@`9`PLOIEAEJB7A_>EFEJHK8`7E>HEeK@`9`B?:IA_e?LEJO7Lg9D_>E:DEJO@IEK LFH7N?m7IJEFE:9;hEL]D7-Jn`A7@`9`EB;@LOJHe;D_7HC7JKHO7FH7IAB]FEJHK8`CE>EKL_IJL;NJH;CD`9> Fn`F7:;9> A KICH9;D` *HEJE @; Jn;87 FH]Lg P:; E8@7ID?J D7b; PAKb;DEIJ? @7AEe ? IJ7DEL;D_ c:7@; P H;B;L7DJD`9>Fn;:F?Ik7DEH;C *A:;03=V=R03>10?>CU8BR70382070382>DT27?>B@C1R *HEJEe; ;B7IJHEC;HO FEKe`L7D_ L >O:H7KB?9A_ IFE@EL79` J;9>D?9; FE:B_>7@` FHE9;IK IJ]HDKJ` @; @;@?9> KIAB7:DgD`7:E87FEKe?J`m7IELgEC;P;D_ZF7JDgKIAB7:DgD_>O:H7KB?9A_>7:?9;CE>EKD7FnFn;:m7IDg PFK9>n;J$?eD7Fn;:9>EP`9>IJH]DA]9>@IC;KFEPEHD?B?D7D;=7J?LD`LB?LOEPEDK7I?BD_>EKBJH7<?7BEL_>E P]n;D` W;4U8BQ B;AJHEIL7nEL]D` LOL`@` LOIEA_ EPEDEL_ P7J`e;D` FHEJE @; Fn? IL7nEL]D` Jn;87 :8]J D7 IFH]LD_ LgJH]D`FHEIJEHK"7:?9EL_C;JHEL_P8Ee`I;FHEJED;IC`KIAB7:hEL7JL8B`PAEIJ?IL]n;mIAd9>C`IJ )PED LPD?A] L; L;BA_C Cgn`JAK J7A_ K K>B`AELd9> A7HJ]mAk ;B;AJHECEJEHk 7 P7F7BEL79`9> P7n`P;D` IE:`AELd9>Ld8E@;A 0P>B;:;C A; IJ]HDKJ` @; KIAB7:DgD` 7 :E87 FEKe?J` >7:?9ELd9> FEJHK8` IJ7DEL;D7 LFH=LgFB7JD_CLO:]D`DEHCO#(7#( T0b;E8;9Dg U47D;Fn`PD?Ld9>FE:C`D;AKIAB7:DgD`D;8EFn?D;IFH]LD_CP79>]P;D`CgD`LgJb?D7LdHE8AkPA7KmKAK 7=KCOIL_<OP?A]BD`LB7IJDEIJ? *HEJECke;:E@`JA;PAH]9;D`e?LEJDEIJ?7JOJELdHE8AO@IEKF7AP:kLE:KD7:CgHD_>EPJLH:DKJ`PCgADKJ` P:;<EHCEL]D`@7AEe?P:kLE:KE:BKFEL]D`JH>B?D7@?Dd9>FELH9>ELd9>FEbAEP;D`D;FEKe?J;BD_ %; PCgD]C Cke; :E@`J D7Fn LB?L;C AOIB`AK EPEDK J;FB7 ILgJB7 LB>AEIJ? HEPFEKbJg:;B D;8E KBEe;D` FE:D7FDKJ`C -FH]LDgKIAB7:DgD_7FEKe`L7D_=KCEL_LdHE8AOI?P79>EL7@`IL_LB7IJDEIJ?FE:;Bb`:E8KDgAEB?AB;J7 J_Cgn8;P;PCgD.EJELb7AD;FB7J`FHED;LKB A7D?PEL7D_A7KmKAEL_ICgI?R T-AB7:EL79`FHEIJEH U-AB7:EL79`FHEIJEHCKI`8dJ9>B7:DdIK9>d8;PFH79>K7C`HDgLgJH7Dd/IAB7:DgD`L;DAKIE9>H7DEK Lkm?FELgJHDEIJD`CFE:C`DA]CD;D`Fn`FKIJD_R T.;FBEJ7 U.;FBEJ7 FHE KIAB7:DgD` LdHE8Ak P A7KmKAK 7 =KCO @; P]L?IB] D7 KIAB7:DgD_C P8Ee` 7 FEKe?Jd9> ;B7IJEC;H;9>!KCEL_LdHE8AO8OI;D;CgBOIAB7:EL7JFn?J;FBEJ]9>D?eb`9>SY7LObb`9>Y )427=82:Q8=5>@<024 +<'52)/(; 70382>DP?>B@C1R Fn?m;Ce>EHD`>H7D?9;Cke;8dJFn;AHEm;D77eD7Y$;bJgD;F7JHDgLObb`J;FBEJO@IEK AH]JAE:E8gFn`FKIJD_ (7HEP`BE:JE>E@;KDgAJ;Hd9>=KCELd9>LdHE8AkPKHm?Jd9>JOFkA7KmKAKD7Fn9>BEHEFH;DELdA7KmKA SP[EÓM P7FEJn;8`J;FBEJ7KIAB7:DgD`AJ;H]D;IC`FE:AHEm?JJ;FBEJKY (;@L>E:Dg@b`J;FBEJ7KIAB7:DgD`D;LKBA7D?PEL7Dd9>A7KmKAELd9>LdHE8Ak7ICgI`@7AEe?B;F?:;B7HEPJEAk @;LHEPC;P`Y7Y 0Obb`CJ;FBEJ]CI;CKI`P78H]D?JD?eb`CJ;FBEJ]C8OI;CgBEP78H]D?J &;F?:B77HEPJEAOI;D;IC`IAB7:EL7JP7J;FBEJD?eb`9>Y / LdHE8Ak AJ;H_ 8OBO 8g>;C KIAB7:DgD` 7 JH7DIFEHJK LOIJ7L;DO D`PAdC J;FBEJ]C Cke; D7IJ7J PJKe;D` D;8EID`e;D]B;F?9`I`B7 .OJEFHE:KAJO@;Jn;87Fn;:KL;:;D`C:EFHELEPKD;8EFn?:7Bb`CPFH79EL]D`P7>n]JD7J;FBEJKYD;8E LObb`.EJEI;FHEL;:;D;@B_F;L87B;D`FHEJEe;I;J7AP78H]D`IH]e;D`LB>AEIJ?D7LdHE8AKR T.EF;D` U0;LOJ]FgD_CIAB7:EL79`CFHEIJEHK@;Jn;87=KCEL_7A7KmKAEL_LdHE8AO9>H]D?JFn;:P:HE@;CJ;FB7 0P:]B;DEIJC;P?P:HE@;CJ;FB77IAB7:EL7DdCP8Ee`CCKI`8dJC?D?C]BDgC/E>n`L]D`FHEIJEHKLgJH;C @;Jn;87:E:HeEL7JLgJb`LP:]B;DEIJR T0B>AEIJ U/IAB7:DgD`L;LB>Ad9>FHEIJEH]9>@;Jn;87I;LO>DEKJ$;Jn;87:8]JD7JE78OD;:EbBEA;AED:;DP79? (;@L>E:Dg@b`@;H;B7J?LD`LB>AEIJFE:R T)ILgJB;D` U0dHE8AOI;CKI`9>H]D?JFn;:ILgJB;CE8PLB]bJgFn;:Fn`CdCIBKD;mD`CP]n;D`C7Fn;II?BDdCKCgBdC EILgJB;D`CIFE:`B;CKBJH7<?7BEL_>EP7n;D` )AD7 IAB7:EL79`9> FHEIJEHk @; P JE>EJE :kLE:K Jn;87 9>H]D?J m;HL;DdC D;8E EH7DeELdC Le]:D`CFn`F7:gCE:HdCE9>H7DDdCD]JgH;C *n;:DEIJDgKe`L7JEILgJB;D`IDEHC]BD`C?e]HELA7C?R T%OIB`A7EPED U0dHE8AO @; Jn;87 9>H]D?J Fn;: LdCgDEK LP:K9>K Fn;:;Lb`C Fn;: FHkL7D;C 7 I?9; P787B;D`C KIAB7:DgD`CL;LP:K9>EJgIDd9>D]:E8]9>D;8EFECE9`@?Dd9>FHEIJn;:Ak .EJE I; JdA] Fn;:;Lb`C LdHE8Ak I LgJb`C? FELH9>O L FECgHK A E8@;CK D7Fn FE=KCEL7D_ B]JAO D;8E 8KDgmD7J_LdHE8AO *HEJEe; EPED @; E8PLB]bJg bAE:B?Ld D;IC` IAB7:EL79` FHEIJEHO E8I7>EL7J e]:D] P7n`P;D` AJ;H] EPED FHE:KAK@`@7AED7Fn;B;AJHECEJEHOD;8E@?D_Fn`IJHE@;AJ;H_FHE:KAK@`@?IAHOD;8E@?D_;B;AJH?9A_Ld8E@; .EFD_ FBODO 7 F]HO AJ;H_ FHEIJn;:D?9JL`C <EJE9>;C?9Ad9> FHE9;Ik L;:EK A JLEn;D` EPEDK 8OI;CgBOE:IJH7D?JR T)IJ7JD` U,EPJEAO F7B?L7 C7P7:B7 9>;C?A]B?; AOI;B?DO :;P?D<;AmD` FHEIJn;:AO 7 FE: I; D;IC` K9>EL]L7J L; IAB7:EL79`CFHEIJEHK )427=82:Q8=5>@<024 +<'52)/(; 70382>DP?>B@C1R %7KmKAEL_ HEPJEAO @; Jn;87 KIAB7:hEL7J L; PLB]bJD`9> FHEIJEH]9> P7 :E:HeEL]D` cn;:D`9> Fn;:F?Ik E IAB7:EL]D`7Fn;FH7Lg>EnB7Ld9>J;AKJ?DR T-AB7:EL]D`7C7D?FKB79; $;Jn;87:8]JD7JE78O8OBOLdHE8AOKIAB7:DgDO8;PFDKJ`JPD8;PJ7>KJB7AK7:;<EHC79;D;8Ef FDKJ` FE:FEHK@`:;<EHCEL]D`7JLEH8KJH>B?D) AHEKeAOI;D;IC`KIAB7:hEL7JD7FnLP7Lgb;D`D7>]mAK /Hm?J_AELOE8PLB]bJgCgi7C7D=7DFkIE8`bAE:B?LgD7=KCEL_LdHE8AO*HEJEI;D;IC`JOJELdHE8AO IAB7:EL7J L AEDJ7AJK I JgC?JE AELO Dd8He CKI` I; 9>H]D?J E87B;C D;8E KP]LgH;C I LHIJLEK L>E:D_>E C7J;H?]BK 0>E:D_@IEKD7Fn7DJ?IJ7J?9A_<aB?;D;8EI]mAOPF7F`HKFEBO;J>OB;DKD;8EFEBO7C?:KDOBEDK '7J;H?]BO D]:E8 87B?9`>E 7 AHO9`>E C7J;H?]BK D;IC` E8I7>EL7J e]:D_ bAE:B?L_ m]IJAO D7Fn Cgi D;8E Cg:gD_IB?J?DO8;DP`DEB;@7FE: aB?;E8I7>K@`9`PCgAmEL7:B7I;D;IC`A87B;D`FEKe`L7J *EAK: @IEK LdHE8AO FEFH]b;DO D;IC` FH]b;A E8I7>EL7J e]:D_ bAE:B?L_ m]IJ;mAO 0>E:D_ C7J;H?]BO A FEFH]b;D`@IEKC7IJ;ALFH]bAKFB7L;D]An`:7@;CDEPHDDdIB`:ELdFH]b;A7HdeELdbAHE8 0P]@;CD_CKAEDJ7AKLdHE8AkHkPDd9>IBEe;D`@;Jn;87P78H]D?J.EJEFB7J`E8PLB]bJgFHE=KCEL_LdHE8AO HkPDd9>87H;L 0dHE8AO8OCgBOPkIJ7JL;IAB7:K9ECEeD]D;@AH7Jb`:E8K*n?:BEK>E:E8_CIAB7:EL]D`@;Jn;87:8]JD7JE 78O8OBODEL_LdHE8AOIAB7:EL]DOE::gB;DgE:IJ7Hb`9> .E PD7C;D] e; D;@:_B; KIAB7:DgD] >7:?9; 8K:; Fn;:DEIJDg LO:]D7 P; IAB7:K %ELEL_ C7J;H?]BO AFEJ?bJgD`@;Jn;879>H]D?JFn;:D]B;JELEKHP` Tl?bJgD`7c:He87 Ul?bJgD` =KCELd9> LdHE8Ak BP; FHEL]:gJ Cd:B;C D;8E J;FBEK LE:EK l?IJ_ LdHE8AO @; Jn;87 IKb?J Fn?FHEIJEHEL_J;FBEJg *E :;Bb`C KIAB7:DgD` 7e CgI`9k BP; FHE:KAJO Em?IJ?J D`C HEPJEA;C >O:HEK>B?m?J7DK IE:D_>E 48OJAO m?IJ`9` J;AKJ?DO @; Jn;87 EFB]9>DEKJ LE:EK [m?DD_ 7 E8PLB]bJg E9>H7DD_ m?IJ`9` FHEIJn;:AO @IEK :EFEHKm;D_LdHE89;C ,EPFEKbJg:B7 @7AE JH?9>BEH;JOB;D J;JH79>BEHC;J7D @7AEe ? K>BELE:`A I; D;IC` A m?bJgD` Ke`L7J ]B;I;P7A7PK@;FEKe`L]D`EIJHd9>Fn;:CgJk:H]JgDd9>A7HJ]mk8HKID_>EF7F`HK7J: !KCEL]AELEL]IFE@;D`@;DKJDEm?IJ?JICgI`=BO9;H?DK7B?>K *EAK: @; DKJD] :;P?D<;A9; F7A @; CEeDE @? FHEL_IJ 7e FE :kAB7:D_C LOm?bJgD` =KCELd9> FHE:KAJk ;P?D<;AmD`FHEIJn;:;AD;FEKe`L7JP]HEL;h@7AEm?IJ`9`FHEIJn;:;A *n? LEB8g :;P?D<;AmD`>E FHEIJn;:AK @; Jn;87 :8]J D7 @;>E ID]b;DB?LEIJ I =KCEK )8PLB]bJg FHEIJn;:AO E:bJgFK@`9` AOIB`A D;8E >7BE=;D @7AE D7Fn C7D=7D?IJ7D :H7I;BDd D;8E 9>BEH7D L]F;D7Jd CE>EK 8dJ bAE:B?L_Fn;:;Lb`CKJ;DAEIJgDDd9>FHE:KAJk )427=82:Q8=5>@<024 +<'52)/(; 70382>DP?>B@C1R /=KCELd9>LdHE8AkFHEB_A7nIA_cm;BOI;IC`FEKe`L7J@;D:;P?D<;AmD`FHEIJn;:AO:EFEHKm;D_LdHE89;C *EKe?J;BDEIJKHm?Jd9>=KCELd9>P8Ee`BP;FHE:BEKe?JFECE9`IF;9?]BD`>ED]JgHKLEIAEL];CKBP;b;B7A 7FE:/=KCELd9>LdHE8AkFHEB_A7nIA_cm;BOI;JOJED]JgHOD;:EFEHKmK@`R/FEPEHhK@;C;D7JEe;Fn? FEe7:7LAK8;PI?B?AEDK@IEKP7FEJn;8`IF;9?]BD`m?IJ`9`7KIAB7:hEL79`FHE9;IO 'EC;DJ]BDgFB7JD_LO:]D`DEHCO#(IJ7DELK@;D]IB;:K@`9`c:7@; U(8-?&/-.72+8*1/()"+>+9409<#+9-,")8%'9%"&!#-?&.,4#+8*1/07.+109.,0,'#", '#'&!%1<&09 ,*#4#+ #/-.72+8 1/()"+>+9 *#!%+&!(7 -,:(,4#+9 +#",2,)#+8 +*7%7+9 '/,1 -( @/0,1 -? 9@&+,1 -,.1!%3 , 1 1<&09 )4# 2 ,'#"&+>);!% -?9-"#!% /0+,2&0 -,")# #*-&.&!(;!% %,"+,0 / ,"!%3)(,1 ," +7/)#"1'9!9!% /*>.+;!%%,"+,0 ?&2;., >%"&!,2;!%-,0.1 9 3+#*>) ;0%"&!#%"&!,28*#0.,284 ,<9/0.:9+#< .,(3 , 1<&09%"&!,28%,-,0.1 92@#0+>-?9-"+8", 31/()"+>+9%"&!,28%,-,0.1 9 3+#*>)-?#(.,@&0", 1 )#0, 1/()"+>+9 3+#*>)-?#(.,@&0"2.,(35 (]IB;:K@`9`PE8H7P;D`PD]PEHhK@;J;DJEIJ7L *A:;03=V=R03>10?>CU8BR?>3;4# YPAB '7NHEAO -J]n`>7:?9 '7NB;J E87Ke?J`>7:?9ELd9>FEJHK8` '7NHEAOE87KIAB7:DgD` >7:?9ELd9>FEJHK8` 0dHE8D`:7JKC >7:?9EL_>EP8Ee` 0dHE8D`:7JKC >7:?9EL_>EFEJHK8` $7A:BEK>EBP;FEKe`L7J>7:?9EL]FEJHK8` S ,;IF;AJEL7JLb;E8;9D_FEe7:7LAODEHCO(8E:>7:?9EL]FEJHK8` S /IAB7:DgD`7:E87FEKe?J`FE:B;#(m]IJ@7AE:EFEHKm;D` S /00LOIEAEP:L?eD_FBEb?DOLOe7:K@;FE:B;QC7N?C]BD`:E8KKe`J`>7:?9ELd9>FEJHK8`B;J )427=82:Q8=5>@<024 +<'52)/(; 70382>DP?>B@C1R =A?4:Y=R:@8BQ@80 ;PF;mDEIJD` FH7L?:B7 FHE >O:H7KB?9A] >7:?9EL] FEJHK8` CEC;DJ]BDg FB7JD_>E LO:]D` #( KHmK@` e; @; Jn;87 L KHm?Jd9> ?DJ;HL7B;9> FEIEK:?J <KDAmD`I9>EFDEIJ>7:?9EL_>EFEJHK8` *n`IBKbD] FH7L?:B7 IJ7DELK@` @;:DEPD7mD] AH?J_H?7 FHE LdCgDK >7:?9ELd9> FEJHK8` >7:?9EL] FEJHK8` @; Jn;87LOCgD?JA:Oe8OBOFn??DIF;A9?P@?bJgD_D]IB;:K@`9`FEHK9>O S *EbAEP;D`LDg@b`LHIJLO7eALBEe9;D7FnE:gHn;PD;8EJH>B?D7 S 4FK9>n;D`LDg@b`LHIJLOJLEH8EKJH>B?D>7:?9EL_>EC7J;H?]BK S ;<EHC79;AJ;H_D;E:FEL`:7@`Fn?HEP;D_<EHCg>7:?9;D;8E>7:?9EL_>EFEJHK8`@7AL8;PJB7A_CIJ7LK J7A?FE:JB7A;CD;8EFn?E>O8KD7FnE::gBEL]D`LHIJ;LJLEn;D`8K8B?D;A S *EbAEP;D`D;8E:;<EHC79;>7:?9EL_7HC7JKHOD;=7J?LDgELB?LDgD7JgID`9`<KDA9;D;F7JHD]FEbAEP;D` FELH9>KD;@IEK:kLE:;CALdCgDg S 0OJHe;D`>7:?9;P7HC7JKHO S %EHEP;ID?eK@`9`<KDA9?7F;LDEIJ7HC7JKHO S *Ee7:7LAOCEDJ]e;D;@IEK:E:He;DO S E87KIAB7:DgD`7FEKe?J`@;Fn;AHEm;D7 $?@0D070382>DQ7>?>B@C1R 0 J_JE IEKL?IBEIJ? @; Jn;87 KL_IJ CEC;DJ]BDg FB7JD_ LO:]D` DEHCO #( ( U;PF;mDEIJD` J;9>D?9A_ FEe7:7LAO D7 P7n`P;D` <BK?:D` J;9>D?AO 7 @;@?9> IEKm]IJ?R J7JE DEHC7 IJ7DELK@; EFH7LK >7:?9ELd9>FEJHK8`FHE>O:H7KB?9AEKIFE@EL79`J;9>D?AK4DgD` 6"&!,27 -,0.1 9 /# +#/*9 23.7 >0 4 %"&! (0#.8 3)3 "?92# -,1<&08 '(, /,1@7/0 %"&!,28%, -,0.1 9"&!,27-,0.1 9*1/9/-)A,20-,<"2(3(0#.8'/,1/-#!&$&(,27+32-?9/)1:+;!%#2.,-/(;!%+# , &+0#.+!&,+7)+9!%+,.*7!% -,4,.+>+92;., !#%"&!0;('9!9/#1/()"+>+9'#0?# .#/-#(0,20 ,-,.1@#+9", 3-,1<&09%"&!,2;!%-,0.1 9 3/#*>),.#/-#(0,205 /FEPEHhK@;C;D7JEe;DEHC7#((@; DEHC77FHEJEC]J_CgnP]AEDE:]HDd9>7H7AJ;HJPDe; L FH]LD`9> Fn`F7:;9> Cke; J7JE DEHC7 8dJ P]AB7:;C FHE IEK:D` HEP>E:DKJ` .EJE @; Jn;87 H;IF;AJEL7J Fn?D]HEAEL]D`D]>H7:ObAE:O #((IJ7DELK@;:7Bb`:kB;e?J_c:7@;FHE>O:H7KB?9AEKIFE@EL79`J;9>D?AK 6,+07<%"&!,2;!%-,0.1 9*1/9-., 9%00(<# S @; A :?IFEP?9? FEe7:EL7D] :_BA7 78O I; P78H]D?BE PBECK 7 J7>EL_CK FDKJ` >7:?9; 8g>;C FHELEPK :EFEHKm;DdFEBECgHE>DKJ`8OI;D;CgBFn;AHEm?J S PAHEK9;D`>7:?9;D7Fn8BEAEL]D`CEJEmD_>EIFE@;8K:;EC;P;DED7C?D?CKC S @IEKKIFEn]:]DO79>H]DgDOJ7Ae;@;E:gHFELH9>K>7:?9;PH;:KAEL]DD7C?D?CKC )427=82:Q8=5>@<024 +<'52)/(; 70382>DP?>B@C1R S @IEKIFH]LDgKF;LDgD_A:Oe8O>CEJDEIJ>7:?9EL_>EL;:;D`CE>B7L_IJAD;Fn`FKIJD_CKP7J`e;D`R ]B; 6,(1"-,.1!%%"&!,28%,-,0.1 9232,)7+# #4-#@9:)#%7+9**1/9/#%"&!#4!%30&0+# ,4!),+&0 ,(1" 232,)7 -,.1!% %"&!,28%, -,0.1 9 ,%.,<#+9 -.,/0?#"+&!029* /0?9('9!9%, *8"& *1/9 /# %"&!# 4!),+&05 $G=0Y4=R70382070382>DQ7>?>B@C1R 0P>B;:;C A Ldb; KL;:;D_CK Fn?HEP;D_CK IJ]HDKJ` >7:?9 7 >7:?9ELd9> FEJHK8` @; Fn`IBKbD_ EPD7m;D` LdHE8AKL;BC?:kB;e?JdCFEe7:7LA;CFn`IBKbDd9>DEH;C78;PF;mDEIJD`9>Fn;:F?Ik U%7e:_ >7:?9EL_ FEJHK8` CKI` 8dJ JHL7B; EPD7m;DE PD7mAEK LdHE89; :7J;C CEDJ]e; HEA 7 CgI`9 7C7N?C]BD`CFn`FKIJDdC:OD7C?9AdCFHELEPD`CJB7A;C>7:?9ELd9>FEJHK8`R )PD7m;D`>7:?9EL_>EC;JHEL_>EP8Ee`@;IJ7DEL;DELFn`IBKbDd9>DEHC]9>FHE>7:?9;J7AJEFn;:;F?IK@; D7FnCEC;DJ]BDgFB7JD_LO:]D`DEHCO( U"7:?9;@;Jn;87D7:]B;LHEPC;P`CCEPD7m?JC?D?C]BDgD]IB;:K@`9`C?:;J7?BO S@C_DE7EPD7m;D`LdHE89;D7Fn +<'52)/(; Sm`IBEJ_JE;LHEFIA_DEHCO( SJOFD7Fn-. S@C;DEL?JdFHkCgHD7Fn( SAL7HJ]B7:LgFEIB;:D`m`IB7HEAKLdHE8OD7Fn+ %ZR:;03 +<'52)/(; #(!- .OF>7:?9;7@C;DEL?J]ILgJBEIJ( "7:?9EL]DEHC7 '7N?C]BD`Fn`FKIJDdFH79ELD`JB7A %L7HJ]BLdHE8O # ,% ' & )427=82:Q8=5>@<024 +<'52)/(; 70382>DP?>B@C1R ">=BPU70382>DT27?>B@C1R \?LEJDEIJ78;PF;mD_FEKe?J`>O:H7KB?9A_>E>7:?9EL_>EFEJHK8`@IEKPD7mDg ELB?LDgDOIFH]LDEKCEDJ]e` I)>@G4 *EAK:@;>7:?9EL_FEJHK8`D7CEDJEL]DEI;PAHKJ;C:E@:;A;PD7mD_CKPAH]9;D`e?LEJDEIJ?L:kIB;:AK LP]@;CD_>EE:gHKLHIJ;LJB7AEL_>EDEID`AK0HIJLOJB7AEL_>EDEID`AKAJ;H_@IEKFE:?CFKBPELdCJB7A;C C7@`J;D:;D9?I;LH79;J:ED;KJH]BD`Ld9>EP`FEBE>O4LB]bJD`P7J`e;D`F7AD7IJ7D;LE8B7IJ?D7FE@;D` $7AEICgHD]>E:DEJ7D]IB;:K@`9`KFEPEHDgD`PAHKJEYH;:KAK@;e?LEJDEIJE 9>O8Dg IFH]LDg *n?CEDJ]e?@;Jn;87:8]JD7JE78OI;>7:?9EL_FEJHK8`Le]:D_CFn`F7:gD;PAHEKJ?BED7FnFn?KJ7e;D` Fn;IKLD_C7J?9;*n?:He;JFECE9`EJ;Ln;D_>EAB`m; I%Z4:@>Y4=R<8=8<P;=R7>?>;><V@C>7=CBR *EAK: 8K:; FE:AHEm;D C?D?C]BD` FEBECgH E>O8K PAH]J` I; D;LO>DKJ;BDg e?LEJDEIJ 7 P7J`e?J;BDEIJ >7:?9EL_>EFEJHK8`D;8EfD7LDg@b`CE>O8KCE>EKLPD?ADEKJC;P;HOFEAHOJ`L:H]JgD_CFB;J?LK.OJE F7ACE>EKL_IJAJ7APL7D_CKIJn`A7D`EB;@; *HEA7e:dJOF>7:?9;@;LP]L?IBEIJ?D7@C;DEL?J_ILgJBEIJ?Fn;:;FI]DFn`FKIJDdFEBECgHE>DKJ` (7 LD?JnD`C E>O8K D7IJ7D; EF7mDd ;<;AJ JB7AELd DEID`A I; D7Fg9>K@; S D;Fn?B_>] IFH]LDg D7 LD?JnD` IJgDK>7:?9;7PJH]9`J7ALB7IJDEIJ?JB7AEL_>EDEID`AK *E:AHEm;D`C?D?C]BD`>EFEBECgHKE>O8KD7IJ]L]Fn;:;Lb`CS7JEI;m7IJEFn;>B`e`S8;PFHEIJn;:DgP7 D7FE@;D`CA:Oe@;>7:?9;EIJn;P7BEC;D] )427=82:Q8=5>@<024 +<'52)/(; 70382>DP?>B@C1R *EBECgHE>DKJ`Fn`B?bC7Bd ; IFH]LDg 9>O8Dg )>DKJ`>7:?9EL_>EFEJHK8`8OI;CgBEFEAK:JEKCEehK@`CEDJ]eD`FE:C`DAOKC`IJ?JP7HELDdcI;AAJ;Hd ILEK:_BAEKE:FEL`:] D]IE8AKL;DAELD`>EFHkCgHK0DEKPEL_CFn`F7:g@;Jn;87FEKe`J9>H]D?mFHEJ? PBECKD;8EFE:E8D_ . ; ; . 9>O8Dg IFH]LDg 0 DgAJ;Hd9> Fn`F7:;9> @; J_e CEeD_ FHEIJn;:D?9JL`C LEB8O L>E:D_ 7HC7JKHO P78H]D?J Fn;AHEm;D` C?D?C]BD`>EFEBECgHKE>DKJ` 9>O8Dg IFH]LDg )427=82:Q8=5>@<024 +<'52)/(; 70382>DP?>B@C1R *EPEH $7AE FHkIJn;B EB;@; I; EPD7mK@` @;CD_ IJn`A7@`9` F7FHIAO AJ;H_ FHED?A7@` FE: L;BAdC JB7A;C PFELH9>K*EAK::E@:;AKD?A]D`EB;@;?>D;:LOFDEKJP7n`P;D`Le]:D_CFn`F7:gI;D;IC`EIE8O:EIJ7J :EIJOAKIJ`CJEF7FHIA;CEB;@; .7AELdJE F7FHI;A EA7Ce?Jg FHED?AD; :E B?:IA_ JA]Dg 7 HEPFJdB` I; P:; "O:H7KB?9A_ J;AKJ?DO @IEK AEDJ7C?DEL]DO87AJ;H?;C?AJ;H_CE>EKLJ7AEL_CJEFn`F7:gPH7DgD`LOLEB7J<&2,01+# #4-#@+,1,0.21 0P>B;:;CAC7B_L;B?AEIJ?7LOIEA_CKJB7AK@IEKJ7JEPH7DgD`m7IJE8;P8EB;IJD]@;DKJD_ ?>D;:LO>B;:7J B_A7n;FEAK:FHED?ADKB>O:H7KB?9AdEB;@:EB?:IA_JA]Dg T):gH *EAK: @; >7:?9; ?DIJ7BEL]D7 D7 >H7Dg Cke; :E@`J A E:gHK FELH9>K >7:?9; L :kIB;:AK FE>O8k >7:?9; .E I7C_ FB7J` FHE >7:?9; AJ;H_ @IEK E: I;8; ?DIJ7BEL]DO I Fn`B?b C7BdC E:IJKF;C "7:?9; I; D7LP]@;C E:`H7@` WA;434: "7:?9EL_ FB;J?LE D;D` D7:]B; 9>H]DgDE FHEJ? AEHEP? H?P?AE LdIAOJK FEHK9>O I; D;KIJ]B; PLgJbK@;%:EIJ]D`@IEKJ_e>7:?9;I:E:7J;mDEKLHIJLEKP*0(;Ld>E:7*EBECgHE>d8]D`I;PLgJb`7 >7:?9;@IEKD;FE::7@D_/>7:?9P*0@;Jn;878H]J:E:7J;mDgLcL7>Kcm?D;APCgAmEL7:;BE8I7e;Dd9> LC7J;H?]BK D;Fn`FKIJDdE:gH 9>O8Dg :8]JD7 :E:7J;mDEKLP:]B;DEIJ IFH]LDg )427=82:Q8=5>@<024 +<'52)/(; 70382>DP?>B@C1R #$# !%! ( %& * % ' ! ! % & ( '$&"! ( (!"& & & & ' & " # $ ! $ ! !" ! ! $"$! # ! !& "!($) & & &!!)' ! !&"! ) &!& "! & % &! $ #! & )& %# )427=82:Q8=5>@<024 +<'52)/(; 70382>DP?>B@C1R IN;47P=R (;8;PF;mD_CKbL?>]D`>7:?9;Fn?@;@`CFH7IADKJ`BP;AEDIJHKAmDgP78H]D?J%:E:7J;mD_CEDJ]e?@IEK L>E:D_ SAHOJO SA7D]BEL]L;:;D` Sn;JgPELdIFE@C;P?>7:?9`7C`IJ;CFn?FE@;D` % FH;L;DJ?LD` CEDJ]e? @IEK L>E:D_ IJ7>K@`9` FB;J?LEL_ AEDIJHKA9; AJ;H_ :E9`B` 8;PF;mD_ IFE@;D` C;P? >7:?9`7m]IJ`IJHE@; (BC34=TB>: ;P LB?LK J;FBEJO D;FHEA7PK@` ;B7IJEC;HO e]:D_ ?:;]BD` ;B7IJ?9A_ 9>EL]D` # D7LP:EHO 9>;C?9A_CK 7 <OP?A]BD`CKFHEFE@;D`@;Jn;87IB;:EL7JIABEDJEAK=KCEL_>EC7J;H?]BKJ7A_C;P?LIKLAEK7E8@`CAEK .EJEL?IAE ;B7IJ?9A_9>EL]D`L;:;AD;JgIDEIJ;CLE8B7IJ?E8@`CAOFn`FAUFE>O8KR>7:?9EL_7HC7JKHO )BEKF]D`C>EHD`LHIJLO=KCOFELH9>K>7:?9;LFn;:;FI7D_E8B7IJ?BP;;B?C?DEL7J7IFEhJ;DJEFE9>O8Dd :`B>7:?9; 7>DP=RDWY8?;F=W<0?PZ4 *n? LEB8g >7:?9; I; CKI` H;IF;AJEL7J F;HC;79; D;8E ;<cP; JPD CEeD_ FHED?A]D` CEB;AKB FBODK :Kb` >7:?9;.;DJE;<;AJ@;J_eP]L?IBdD7JB7AKkIB;:A;C@IEKPJH]JOC_:?77D;L>E:D]AED9;DJH79;FBODK Fn`FFBODD]F7B?L77D7<J7.OJEFBODO@IEKFEJ;D9?]BDg>EnB7L_Ld8KbD_7@;:EL7J_`B;DdE:LE:;L;DJ D7>HEC7:gDd9> FBODk FE: FELH9>;C Fn;:IJ7LK@; D7F`9>]L]D` JEJE I; FEKe`L] D7Fn K JB7AELP:KbDd9> L;:;D`D7:87HD;8EK>7:?9D7>EHAEKLE:K )427=82:Q8=5>@<024 +<'52)/(; 70382>DP?>B@C1R 84@0@2784B;0:C (]IB;:K@`9` E8H]P;A PE8H7PK@; FE@CO :kB;e?Jd9> EPD7m;D` P E8B7IJ? JB7AK 7 @;@?9> LP]@;CD_ LPJ7>O FEIBEKFDEIJFEFnFEn7:` @0582:QG=PG>@=V=R784@0@2784B;0:C );0: *E:B;DEHCO#((SIJ FB7J`FHE>O:H7KB?9AOFE>EDD_ EIE8D`7D]AB7:D`LdJ7>OFHE C7N?C]BD`FH79ELD`JB7A7 FHEIJ7J?9AdPAKb;8D`JB7A JH>79`>EJB7AK WODNRYp KRGQRW\ WUKDFtWODN 9\MtPND WODNRYpKRGQRW\WUKDFtWODN 7UKDFtWODNVWDWLFNê 3ĜtSDG]DWtåHQt ,,, 3RþtWDQêWODN 0dIAOJKD;P7@?bJgDd9>9>O8Dd9>78BEAEL7Dd9><BK?:D`9>IOIJ_Ck Fn`F7:DgEJ;Ln;FH?C]HD`D;8E8;PF;mDEIJD`L;DJ?B.B7AELd?CFKBI PD7mD;Fn;AHEm?BLOFEm`J7DdJB7A7Bb`<KDAmDEIJ@;I?BDgEC;P;D7 7ODNRYpPD[LPXP %>G>@ /Fn;IDd9>E9;BELd9>JHK8;A@;Jn;87 FH;<;HEL7JFn`F7:P7J`e;D`7H;IF;AJEL7J P;IB78;D`JBEKb AOIJgDO7D;AHK>EL?JEIJ? LAEB;DKFEJHK8`*HEFn`C_JHK8AOP -JFB7J`J7A_D]LH>#(#-) Fn? D]IE8D_8;PF;mDEIJ?/1G3D8702R ?;>S8=FLOe7:K@;LPJ7e;DED7Fn`F7:P7J`e;D` ? D]IE88;PF;mDEIJ BK?:D`IOIJ_C@;FEHKb;D 4FH7L?:B7;NF;H?C;DJ]BDgP@?bJgD]>E:DEJ7JB7AK7KL;:;D7LDEHC .RQWUROQtWODNVWDWLFNê -BEKe`A;AEDJHEB;<BK?:D`>EIOIJ_CKP7:;<FE:C`D;A 0D[LPiOQtWODN %H]JAE:E8gLOIAOJK@`9`I;C;PD`>E:DEJ7D7:LOFEm`J7DdCJB7A;C Fn?AJ;H_@;<KDAmDEIJ@;JP79>EL]D7CEeD_@7AEF;H?E:?9A_JB7A?CFKBI 0D[LPiOQtSUDFRYQtWODN @8$;[email protected]?96/8d:;+-9?8L:n/=6+5 -PHQRYLWêWODN31 5HDNþQtWODN RWYtUDFtWODN *E:J`CJEFE@C;CI;HEPKC`9>7H7AJ;H?IJ?9A_m`IBELPJ7e;D_D7JB7A .EJE@;?DJ;HD79?ED]BDgI9>L]B;D_.B7AEL_IJKFDgFHE:ODJHL7B_P7J`e;D` AEDIJHKAmD`9>n7:bHEK8;D`7:7FJ_HO>7:?9EL_7HC7JKHO7J:0OIAOJK@`9` I;JB7AEL_FBODOLFn`FKIJDd9>LOIEAd9>>E:DEJ]9>@IEKFn?@`C]DOL P]L?IBEIJ?D7:?C;DP`9>C7J;H?]BK7J;FBEJID?eK@` 3URYR]QtWODN VNXWHþQêWODN D7FnH;7AmD`JB7A8;PF;mDEIJD`9>L;DJ?BkSLO<KAEL79`JB7AP7:;<?DEL7Dd9>FE:C`D;A 3ĜHWODN $;PFH7L?:B7KHmK@`9`FHELOFEm`J]L7Dd JB7A *E:B;/1G3D8U=Q?;>S8=F D]IE88;PF;mDEIJFn?D;@LgJb`C P7J`e;D`C 3RGWODN B #D:?A7mD`HEPI7> "7DI7 B;NC7DEC;JH !0''0' $EVROXWQtYDNXXP YDNXXP 1RUPRYDQêWODN JCEI<_H?9AdJB7A+=7 & )427=82:Q8=5>@<024 +<'52)/(; 70382>DP?>B@C1R 0D8B024 I70@0:B4@8AB8:0:0D8B024 *EAK:@;JB7AF]HOJ;AKJ?DOLH]C9?FHEK:gD`J;AKJ?DOFE:AHEm;DJ7AI;I7CEm?DDgE:F7nK@;J7JEJ;AKJ?D7 LJ_JEEC;P;D_E8B7IJ? .LEn`I;:KJ_FHEIJEHOLJ;AKJ?DgLOFBDgD_F]HEK*n?:EI7e;D`FkLE:D`9>>E:DEJJB7AK:E@:;A?CFBEP? Jg9>JE 8K8B?D *n? ?CFBEP? LPD?A7@` JB7AEL_ LBDO I C`IJD`C? bF?mAELdC? >E:DEJ7C? :EI7>K@`9`C? IJELAO 87H7<H;AL;9;E>E:DEJgJ?I`9>;HJP .7A_ Fn? D;Fn`FKIJDg D`PAd9> >E:DEJ]9> I79`9> JB7Ak 7e 87H 78IEBKJDg :E9>]P` A; A7L?J79? /LEBDgDdLP:K9>LEB;@?I;Fn?FE:JB7AKLOBEKm`.OJE8K8B?DOI;?>D;:D7IJH7DgJB7AKJ7A_FE:LB?L;C J;FBEJOEFgJAECFH?CK@` I%WA>14=R:0D8B024 ZAE:B?Ld cm?D;A Jg9>JE UD]H7PkR D7 FELH9> C7J;H?]BK IJgDO @; ;DEHCD` $?e P7 DgAEB?A >E:?D D]IB;:K@; Um;HLEJEmEL_R D7F7:;D` FELH9>K m]IJ` IJgD D;8E L;:;D` FHEK:K .7A_ Cke; :E@`J L; L;BA_C Cgn`JAK A EJn;IKH;7AmD`C?I?B7C? I%ZRY8=F:0D8B024 'EeDEKFn`m?DEK@IEK S D]>B_PLdb;D`HO9>BEIJ`J;AKJ?DO7L:kIB;:AKPce;D`7JB7AELd9>D]H7Pk S LOIEA_J;FBEJO>O:H7KB?9A_J;AKJ?DO S Fn`B?b LOIEA_ HO9>BEIJ? PFkIE8;D_ PCgDEK :EFH7LEL7D_>E CDEeIJL` E:FEH 7 J`C FEAB;I JB7AK L I79` m]IJ?P7n`P;D` S bF7JD_LgJH]D`EB;@EL_D]:E8O S LOIEA_JB7AEL_HEP:`BO S IJ7L>O:H7KB?9A_J;AKJ?DOIJ]n`FE:`BLP:K9>K I">U=>AB8@43C:24:0D8B024 *HEL_IJD]IB;:K@`9`EF7Jn;D` S D`PA]I79`LdbA7 S :EIJ7J;mDgL;BA_HEPCgHOFEJHK8` S :EIJ7J;mDg:?C;DPEL7D_I79`<?BJHO S >B7:9;EFH79EL7D_FELH9>O S C]BELP:K9>KLEB;@? S ;L;DJPLdb;D`JB7AKD7I79`IJH7Dg )427=82:Q8=5>@<024 +<'52)/(; 70382>DP?>B@C1R %>?2>@=8=6 I%ZRY8=F 0D?JnD`LHIJL7*';B7IJEC;HELd9>>7:?9D7F]HK@;9?JB?L]Lkm?FHED?A]D`LE:O8E8JD]D`:Kb;>7:?9; *E E8DEL;D_C EIJn?AK F]HEK FE AB?:EL_C IJ7LK 7 FE 9>B7P;D` I; LOF7n` LD?AB] LE:7 I7CEm?DDg (]>B_ PLdb;D` E8@;CK L;:; D;E:LH7JDg A FEbAEP;D` IJHKAJKHO L; LD?JnD` E8B7IJ? .;DJE FHE9;I I; D7PdL= U?>?2>@=8=6R I%WA>14=R07@0=824?>CU8BR )FJ?C]BD`FEKe?J`>7:?9*'@;P7HKm;DEFn?CEAH_7IOJ_F]n;.E@;8;PFHEIJn;:D`E8B7IJAn?LAOIOJ_ F]HO4JE>EI;J7A_E:LEPK@`>H7D?9;D7I7P;D`>7:?9D7F]HK S >7:?9;FHEL;:;D` Y 87H S >7:?9;FHEL;:;D` Y 87H -K9>_7Fn;>n]J_F]HObAE:`;B7IJEC;HELdC>7:?9`CIJ;@Dg@7AE>EHA]LE:7*HEJE8OI;CgBO*'>7:?9; K>EHA_LE:OFEKe`L7J@;D:EC7N>E:DEJOYFn`F87HFn;JB7AK *n;>n]J`D7IJ]L]8;PFHEIJn;:DgFEID`e;D`JB7AKD;8EFn?m]IJ;mDgEJ;Ln;Dd9>KP7L`H79`9>7HC7JKH]9> *HEJE@;Jn;87P78H]D?JI7CEm?DD_CKFEAB;IKJB7AKFn?AEDIJ7DJD`9>J;FBEJ]9> ;4:B@>AB0B82:T=P1>9 70@0:B4@8AB8:04;4:B@>AB0B82:Q7>=P1>94 (]8E@;JE>EJE:HK>K@IEK;B;AJH?9A_D]8E@;AJ;H_I;FEC;9>7D?9A_CE::gB;D`IJ;@Dd9>D;8EHkPDd9> B]J;AD7>HEC7:`D7@;@?9>FELH9>K ';9>7D?9A_E::gB;D`D7IJ7D; S*;LD_B]JAO S.;AKJ?DO S*BODO7F]HO P:L?>DKJ`E:gH:H9;D`LOIOF]D` FHEK:gD`LOB?J`HEPIJn?AD78?J]CB>7 *BODO7F]HOI;Lm?IJ_FE:E8gD;D78`@`Lb7A@;Jn;87:8]JD7JEe;F;LD_ 7 J;AKJ_ D;m?IJEJO D;8E F;LD_ m? J;AKJ_ m]IJAO LPD?AB_ AED:;DP79` CE>EKL_IJA;B;AJH?9A_CKD78?J` .ge?bJgC@IEKm?IJ?9`FHE9;IOFHEL]:gD_F7HD`C?m?LE:D`C?JB7AELdC?Fn`IJHE@?FEIJn?A87HLEKJH7DIFEHJ HEPFEKbJg:;B@7AEe?L;:;D`FE>EDDd9>F7B?LLF;LD_D;8EJ;AKJ_FE:E8g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email protected]( 1-=@$-= 4.#(4.12( /0.12A$#-("24=, 2+ *.4<'. -.1-=*3 -$!. 703>$-= 1/.)$-= 2+ *.4? -.1-=*' #(".4; 0, 230 ) *.@ ( 0.7*+ #$,-$!.7,D-.31203*2306 /.203!=)$4$+(*.12-;!.)$1(+-D7;4(1+;- 06"'+.12(/0.3#D-= !=)$"=/0.3#12.3/;10.12.3"=06"'+.12= /A(*.-12 -2-=06"'+.12(10.12.3"=),$-.4(2.314D2+.12=/A=/10.12.3"=,/0C,D0$,203!*6 ;!.)$+7$1+$#.4 2(/A(1(+-<-$!.-;'+<7,D-D1,D03/0.3#D-= $1/.)$-=1/.3@(2=,12 -# 0#-="'' #("!6-$,D+ 06"'+.12/0.3#D-=/A$*0.B(2,1$* 0 -1/.02/;06)$*0(2("*?47'+$#$,*4?1*623461.*?"'06"'+.12=464.+ -?"' #( ! 2("*.3$5/ -7= A(4.+-<$5/ -7(- 12 -.306"'+.12(4D2>=-$@,1$*.2.34.+-D-=4$#$!$7/."'6!6*$+$*20("*<,3 - !(2= 0.2. )$ 7 03B$-= $+$*20("*< 4.#(4.12( ' #(".4<'. 7!.@= /A=/' #(".4<'. /.203!= /A(*+;#;- 74+;>2-= 4?7- , +$*20("*? .#/.0 ,$7( 0, 230 ,( ' #(".4<'. 4$#$-= ,31= /0.2. !?2 ,$->= -$!. 0.4-? ', 4 13"'<,-$!.- /-32<,12 43 )427=82:Q8=5>@<024 +<'52)/(; 70382>DP?>B@C1R ;4:B@>AB0B82:T=P1>9<8<>@P<42D>38DQB427=8:F *n?F=n;D`m?bJgD`7FBDgD`D]:E87D]:He`I;CKI`FEm`J7JID;8;PF;mDdC?Ld8E@? .OJELO8`@;9`;D;H=?;@IEK:EIJ7mK@`9`78OI;P7F]B?BOICgI?FBODK7F]HOD;8EICgI?FH79>K7LP:K9>K (;8;PF;mDdC? E8B7IJC? @; J7A_ EAEB` IJn`A79`9> F7FHIAk F]HO F7HD` FHEK:ELd Fn`IJHE@ 7 LOP7nEL]D` ?PEBEL7Dd9> LE:?mk I D78?JdC LEBDdC F7FHIA;C PFkIE8;D_ L;BC? LOIEAdC? LdIJKFD`C? HO9>BEIJC? F]HO PJHOIAO7@;@`;NF7DP` (;8;PF;mD_Ld8E@;D7IJ]L7@`:EAED9;?L;LB>A_F]n;Fn?LdIJKFKP=KCEL_>7:?9; N?IJ;D9; LE:D` F]HO L D]:E8g D;8E L D]:He? D;ID?eK@; 7D? D]8E@ J;AKJ?DO 7 D;IBEKe` 7D? A H;:KA9? ?DJ;DP?JOFEB;LF7HD`CFHEIJEHK /<V=F3Q;4:0?@W<V@C70382>DT27?>B@C1R $;PD]CEe;I;>7:?9EL]FEJHK8`Fn?B?AL?:79?JB7AKPCgD`L7N?]BD`C7H7:?]BD`CICgHKJPDe;BP;P@?IJ?J D;=7J?LD`D;8EFEP?J?LD`PCgDK:_BAO7B;PFH7L?:B7@;J_eCEeDEFEPEHEL7JLPHkIJFHkCgHK .EJE9>EL]D`D;D`Le]:D_CFn`F7:gEFJ?C]BD`@7AI;:]P@?IJ?J7LOFEm`J7JKE9;BELd9>FHKe?D4@?bJgD` PCgDK>7:?9EL_>EFEJHK8`@;P7BEe;DED7PAEKb9;AEDAH_JD`>EFn;:CgJKJPDFECE9`ULEBKC;JH?9A_>E ;NF7DPD`>EJ;IJKR *n?IJ7DEL;D`:_BAO>7:?9EL_>EFEJHK8`@;Jn;87H;IF;AJEL7JFEP?J?LD`D;8ED;=7J?LD`PCgDK:_BAO78OI; P78H]D?BE PBECkC 7 LOJHe;D`ZF7JD_@; PLgJb;D` FHkCgHK K Fn`B?b JgIDg :?C;DPEL7Dd9> 7 D;:EIJ7J;mDg ;B7IJ?9Ad9> KF;LDgD` >7:?9 D;8E Fn? FEKe?J` >7:?9ELd9> FEJHK8` @7AE L;:EK9` FEJHK8` $7A PD]CE @IEK JB7A 7 E8@;C 9>H7AJ;H?IJ?A_ L;B?m?DO FHE 9>EL]D` Fn? ELB]:]D` 7 J`C FHE LB7IJDEIJ? H;=KB7mD`>E EAHK>K ]B; @; Jn;87 H;IF;AJEL7J e; FEe7:EL7D] PLgJb;D` E8@;CK CE>EK IBEKe?J A E:8EKH]D` JB7AEL_>EC7N?C7H;=KB]JEH 4E:FELg:D_P7J;DJE@;L@IEKc>;BFHEFB_J]D`C7J;H?]B7:HK>FB;J?L7JB7AEL_>EDEID`AK ';9>7D?9A_ LB7IJDEIJ? >7:?9EL_>E P8Ee` @IEK KHm;DO JgC?JE Jn;C? AH?J_H?? 7 L;:EK A HkPD_CK PFkIE8K 9>EL]D`7Bb`C?F7H7C;JHOPCgD>7:?9EL_>EFEJHK8`@IEKJB7A7LD?JnD`FHkCgH>7:?9 0 FE:IJ7Jg IBEKe` PD7BEIJ? E C;PD`C FHEJ7e;D` 7 F;LDEIJ? L J7>K FEKe?J_>E JB7AEL_>E DEID`AK A LdFEmJK JH>79`>E JB7AK FEPEHEL7Dd9> >7:?9 AJ;Hd F7A FE 78IEBELEL]D` n7:O FEAKIk 7 J;IJk 8K:; Fn?@7J :E Fn`IBKbD_ DEHCO (7EF7A CE>EK I7CEPn;@Cg J;9>D?9A_ c:7@; L_IJ A 9`B;D_ AEDIJHKA9? JB7AEL_>E DEID`AK 7 L; IFE@;D` I n7:EK PAKb;DEIJ` L E8EHK LdLE@ELd9> IJK:?` >7:?9 J7A_ A DEHCEL7D_ :;<?D?9?P8Ee` )427=82:Q8=5>@<024 +<'52)/(; 70382>DP?>B@C1R 0Fn`IBKbDd9>DEHC]9>7LKFEPEHDgD`9>:E:7L7J;Bk@IEKKL;:;D_m`I;BD_>E:DEJO.OJELb;E8;9D_m`I;BD_ >E:DEJOLb7AD;CE>EKD7>H7:?J;CF?H?9A_>E:DEJO7N?]BD`9>:?B7J79`7PAH]9;D`@7AEe?PCgDFHkCgHK *EIAOJK@` ?D<EHC79; E JEC e; D7IJ7BO PCgDO 7 E JEC L @7Ad9> n]:ELd9> L;B?AEIJ;9> ;NJH_CD` C;PD` >E:DEJOI;JOJEFE>O8K@`*n?AL7B?J7J?LD`C>E:DE9;D`7FEPEHEL]D`BP;LO@`JPJE>Ee;PCgD7E8@;CK Le:OPD7C;D]PCgDKFHEJ7e;D`:E:_BAO7PCgDKFHkCgHK#D<EHC79;AJ;H_@IEKA:?IFEP?9?I;LPJ7>K@`D7 FEP?J?LD`PCgDKE8@;CK9CC7D7PCgDO:_B;A*HELdFEm;JPCgDOFHkCgHK@IEKP]AB7:;Cc:7@; EPCgDgE8@;CK.7AJEE8:He`JEJELOFH79EL]D`HkPD_A7J;=EH?;C;PD`9>>E:DEJL?PJ78KBA77 .OJE@IEK4CgD7:_BAO Pc:7@kDEH;C7:E:7L7J;BkPCgD7FHkCgHK@7AE;NJH_CD`>E:DEJ78;P E>B;:KD77N?]BD`PCgDO,EPI]>B_FHE:BEKe;D`LFEP?J?LD`CHEPI7>KFn;:FEAB]:]D;=7J?LD`LdLE@FHkCgHK Ld@?CA7 -AKJ;mDEIJ`@;e;JOJE@;LOD;@IEK@?eKDELd9>AEDIJHKA9`7DEL_CLO87L;D`:EIJ7J;mDgH;IF;AJEL]DO7 FHEJEC]EFH7L]nP7FEL?DDEIJLOIBEL?JLFn`F7:gDKJDEIJ?AH?J?AKJ;9>D?9A_>EFHEL;:;D`.EJEI;LPJ7>K@; Fn;:;Lb`CD7DKJD_:?C;DPEL]D`>7:?9ELd9>FEJHK8` 47J`C9E c:7@; E LPHkIJK E8@;CK LPJ7e;D_ D7 c>;B FHEFB_J]D` L b`n9; JEB;H7D9; E: Y :E Y D;@IEK L FH7N? J_Cgn LOKe?J;BD_ @IEK c:7@; L; IFE@;D` I JOF;C >7:?9; @?e LgHE>E:Dg@b` *n? c>BK FHEFB_J]D` YYW@;:H]JgD]LHIJL7HELDECgHDgD7C]>]D7FkIE8;D`C7N?]BD`9>7J7D=;D9?]BD`9>I?BC_:?7 Fn;D]b;@`9`>E JB7A "7:?9; I; D7IJ7L` D7 D;@LgJb` CEeDd E8@;C .;DJE c>;B I; FHEJE EPD7mK@; @7AE UD;KJH]BD`c>;BR )427=82:Q8=5>@<024 +<'52)/(; 70382>DP?>B@C1R )01C;:0/<V=03Q;:F "E:DEJO 87P`HK@` D7 c:7@`9> DEH;C 7 :E:7L7J;Bk L J_JE 8;PFEIJn;:D` FE:E8g 7 D;8OBO LOFEm`J]DO P; PCgDE8@;CK )F?703824 /<V=03Q;:FDH "7:?9;FHEFE>EDD_>CEJO-# .KD:..7. S7e S7e .7e(. S7e .7e(. 7e .7e(. S7e .7e(. 7e -(7e(" S7e -(7e(" S7e -(7e(" S7e -(7e(" S7e -*" S7e -"" S7e -," S7e .;HCEFB7IJFEBO7C?:. 7. 8?I .;HCEFB7IJFEBO;IJ;H(3 S7e .;HCEFB7IJJ;<BED. 7. . S )427=82:Q8=5>@<024 +<'52)/(; 70382>DP?>B@C1R )01C;:0/<V=0?@W<V@C 0PJ7e;DED7FHkCgHDdFHELEPD`JB7AFE:B;(Fn`F(7C:_BAO>7:?9EL_>EFEJHK8`FHEPLEB;D_ L;B?AEIJ?>7:?97JOFk 4CgDOFHkCgHK@IEKC7B_7BP;@;LOHELD7JD7Fn;B7IJ?9AdC?LBEeA7C?LH;B7J?LDgJK>d9>E8@`CA]9>JHK8AO 47D;:8]D`8OLb7A8OBELIEKL?IBEIJ?I:OD7C?9AEKP]Jge`77N?]BD`C?FEIKLO9>O8D_ "E:DEJOFHEPCgDKFHkCgHK8OBOP@?bJgDOD;P]L?IB;D7FHE:BEKe;D`>7:?9;P;PCgDOE8@;CK9CC )F?703824 ?ZR?CAB?@>D>G=RB;0: 10@ /<V=0>194<C> 2<< /<V=0?@W<V@C> << )427=82:Q8=5>@<024 +<'52)/(; 70382>DP?>B@C1R )F?703824 ?ZR?CAB?@>D>G=RB;0: 10@ /<V=0>194<C> 2<< /<V=0?@W<V@C> << )4@<>?;0AB ( ,/3 H ( ,/3 H ( ,/3 H ( ,/3 H ?DJ;HFH;JEL]DE ( ,/3 H ?DJ;HFH;JEL]DE /<V=F3Q;4:0D=V9SR7>?@W<V@CDGPD8A;>AB8=0D>;1V703824 *n;:FEAB7:4CgDO:_B;A7PCgDOLDg@b`>EFHkCgHKFn?:EI7e;D`Fn`FKIJD_>EFHELEPD`>EJB7AKPc:7@k DEH;C7:E:7L7J;B; (# () (# () 4CgD7:_BAO 7e( )F?703824 (% ( ( ' 7e 7e 4CgD7:_BAO E:( 7e 7e 4CgD7:_BAO (D;P]L?IB_ 7e 4CgD7LDg@b`>E FHkCgHKLCC #. 7e 7e 7e *.;94" ' &M.+4/.9.+?+=/6/ 6(=1$0+(6(/ 0 ) )%6 0' )%66 0' 0' * *& 1 *& 1' + 1' 1< 1<: 1< 1< 1< 1< 1< +' +'$ +'7 +' +'$ +'/ +'7 +' 3 +' 3.) +' +' +'% +'% +'% 6* +) 6*% +) 6*) +: +: . 5 5.6 6 6, 6, 6, .3 66) .33 66. 6(=1$0+(6(/ 665 665( 667. 7 7$) 7$)&8 7$)= 7$)=&8 7%) 7%)&8 7%)= 7%)=&8 7( 7( 7( 7) 7) 75 75 75= 75=
Podobné dokumenty
pdf - VV PROMOTION ® sro
-VPH XPČOHFNi D SURGXNĈQt DJHQWXUD D QD ĈHVNpP L ]DKUDQLĈQtP WUKX SĔVREtPH MLÞ RG URNX = SRĈiWNX MVPH QDEt]HOL VYp VOXÞE\
SĐHYiÞQČY]DKUDQLĈtDWRSĐHGHYËtPY5DNRXVNX...
262 kB
3RþiWHþQtREVDKYRG\VHPHQ REVDKYRG\NWHUêPDMtVHPHQDPtWQD]DþiWNXLQ
NXEDFHVHOLãtQHMHQPH]LMHGQRWOLYêPLGĜHYLQDPLDOHPĤåHVHOLãLWLXMHGQRWOLYêFKRGGtOĤ
VHPHQY]iYLVORVWLQDYL...
Magic Watch Typ MW-100-2
'RGUåXMWHSODWQp]iNRQQpSHGSLV\
-LGLþYR]LGODVHPiSLFRXYiQtFKRYDWWDN
DE\E\ORY\ORXþHQRRKURåHQtRVWDWQtFK
~þDVWQtN$SURYR]X
-QNWHUpSHNiåN\QHO]H]DXUþLWêFK
RNROQRVWtQD]iNODG...