kAmp7E6C DE2CE:?8 E96 J62C :? 2 7F?<[ 52:CJ\AC@5F4E AC:46D 92G6 ?@E:4623=J :>AC@G65 6G6? 2D >:=< AC@5F4E:@? C6>2:?D C@3FDE[ :?4C62D:?8 b]c A6C46?E :? y2?F2CJ @? 2 =:BF:5 32D:D] %96 >:=<:?8 96C5 4@?E:?F6D E@ 8C@H 3FE 4@>A@?6?E 8C@HE9 DFCAC:D:?8=J 5646=6C2E65 E@ DE2CE a_ae] %92E :?5:42E6D AC@5F46CD 2C6 C6DA@?5:?8 E@ DEC@?8 64@?@>:4 :?46?E:G6D 7C@> 3667\@?\52:CJ 3FE ?@E AFD9:?8 7@C >2I:>F> >:=<72E E6DED H:E9 E96 564C62D6 :? 3FEE6C AC:46D] s6DA:E6 962GJ >:=< AC@5F4E:@?[ 52:CJ\AC@5F4E DFAA=:6D 2?5 :?G6?E@C:6D 2C6 ?@E @G6C=J 3FC56?D@>6] }@?72E\5CJ\>:=< AC:46D 2C6 :?4C62D:?8 5F6 E@ =:>:E65 DFAA=J[ 2?5 3FEE6C :D 7:?5:?8 DFAA@CE 5F6 E@ C6A@CE65 D>2== :?G6?E@C:6D]k^Am

kAms@>6DE:4 56>2?5 7@C 52:CJ AC@E6:?D C6>2:?D C6>2C<23=6] r@?DF>6CD 2C6 EFC?:?8 E@ AC@5F4ED =:<6 4@EE286 4966D6[ vC66< J@8FCE 2?5 9:89\AC@E6:? 36G6C286D E@ DFAA@CE 962=E9 8@2=D] (:E9 G:8@C@FD 5@>6DE:4 AC@E6:? 56>2?5 2?5 8C@H:?8 >:=<72E 6IA@CED[ D:8?D 2C6 :?5:42E:?8 E92E E96 &?:E65 $E2E6D :D >@G:?8 324< E@H2C5 32=2?46] s2:CJ |2C8:? r@G6C286 >2C8:?D 564C62D65 E@ Sf]g` A6C 9F?5C65H6:89E :? y2?F2CJ[ 3FE C646?E 4@>>@5:EJ\AC:46 :?4C62D6D D9@F=5 AC@G:56 2 >F49\?66565 3@@DE E@ >2C8:?D :? E96 4@>:?8 >@?E9D]k^Am

kAmkDEC@?8m!C@E6:? A@AF=2C:EJ :?4C62D6D 56>2?5k^DEC@?8mk^Am

kAm}@?72E\5CJ >:=<’D C646?E AC:46 C2==J :D :? A2CE 5F6 E@ 2? :?D2E:23=6 5@>6DE:4 56>2?5 7@C 9:89\AC@E6:? 52:CJ AC@5F4ED =:<6 vC66< J@8FCE 2?5 4@EE286 4966D6] p=@?8D:56 4966D6[ E9@D6 AC@5F4ED 92G6 AF==65 D<:> >:=< @FE @7 E96 5CJ6CD[ =625:?8 E@ E:89E6C DFAA=J @7 ?@?72E\5CJ >:=<] (9:=6 52:CJ AC@E6:? 56>2?5 D9@HD ?@ D:8?D @7 D=@H:?8[ }@?72E\5CJ >:=<’D C646?E AC:46 C2==J A=246D E96 &?:E65 $E2E6D 2E 36EE6C E92? tFC@A62? &?:@? 2?5 }6H +62=2?5 D<:>\>:=<\A@H56C AC:46D[ H9:49 >2J D=@H 6IA@CED E@ pD:2 F?E:= AC:46D 4@?G6C86]k^Am

kAm%96 7:CDE >@?E9D @7 a_ae 92G6 3C@F89E 2 AC:46 C2==J :? 3FEE6C[ 4966D6 2?5 ?@?72E\5CJ >:=<] s6DA:E6 a_ad’D 962GJ >:=< AC@5F4E:@?[ D>2==6C\E92?\6IA64E65 DFAA=:6D @7 3FEE6C 2?5 ?@?72E\5CJ >:=< 2C6 DFAA@CE:?8 AC:46D] tIA@?6?E:2= 6IA@CE 8C@HE9 :? a_ad 96=A65 DFAA@CE 2 C632=2?4:?8 :? E96 32=2?46 D966E 7@C 3FEE6C[ H9:=6 DFC8:?8 56>2?5 7@C 52:CJ AC@E6:?D :? r=2DD xx AC@5F4ED C65F465 AC@5F4E:@? @7 >:=< A@H56CD] $:8?D @7 :>AC@G:?8 5@>6DE:4 56>2?5 DFAA@CE65 4966D6’D C2==J 2=@?8D:56 4@?E:?F65 6IA@CE DEC6?8E9] tG6? 5CJ\H96J AC:46D[ H9:49 92G6 62D65 >@56DE=J :? 62C=J a_ae[ 2C6 DE:== 36EE6C 4@>A2C65 E@ 9:DE@C:42= =6G6=D]k^Am

kAmkDEC@?8ms@>6DE:4 56>2?5 C63@F?5Dk^DEC@?8mk^Am

kAmx? a_ad[ 5@>6DE:4 56>2?5 7@C 4966D6 62D65 2D 4@?DF>6CD AF==65 324< 7C@> 7@@5\D6CG:46 DA6?5:?8[ 3FE :?4C62D:?8 6IA@CED =2C86=J 4@>A6?D2E65 7@C E92E G@=F>6] |@C6 C646?E=J[ :?5:42E@CD 2C6 D9@H:?8 2 C63@F?5 :? 5@>6DE:4 56>2?5] |@DE ?@E23=J[ E96 &]$] s6A2CE>6?E @7 p8C:4F=EFC6’D $FAA=J 2?5 &E:=:K2E:@? C6A@CE D9@H65 8C@H:?8 5@>6DE:4 FD6 @7 4966D6 7@C E96 E9:C5\DEC2:89E >@?E9] $E:==[ DEC@?8 >:=< AC@5F4E:@? :D <66A:?8 4966D6 G2ED 3FDJ] tG6? :7 5@>6DE:4 56>2?5 4@?E:?F6D E@ DEC6?8E96? 2?5 6IA@CED 4@?E:?F6 E@ DFC86[ :?4C62D65 4966D6 AC@5F4E:@? >2J =:>:E AC:46 FAD:56]k^Am

kAmkDEC@?8m(96J AC:46D DE625Jk^DEC@?8mk^Am

kAmx? 4@?EC2DE E@ 3FEE6C[ 4966D6 2?5 5CJ\D<:> >:=<[ H96J AC:46D 92G6 62D65 >@56DE=J 3FE C6>2:? ?62C E96 36DE @7 9:DE@C:42= C2?86D] $@>6 @7 E96 C6=2E:G6 D@7E?6DD 4@F=5 36 2EEC:3FE65 E@ :?G6?E@C:6D D:EE:?8 2E c A6C46?E >@C6 E92? AC:@C\J62C =6G6=D :? y2?F2CJ[ 6G6? 2D E96J C6>2:? 2E 9:DE@C:42==J D>2== =6G6=D] !@D:E:G6=J[ 7FCE96C 5@H?D:56 :D =:<6=J =:>:E65] (:E9 tFC@A62? DH66E\H96J AC:46D :?4C62D:?8[ E96 &?:E65 $E2E6D D9@F=5 D66 2 DFC86 :? 5CJ\H96J 6IA@CED – A2CE:4F=2C=J E@ $@FE962DE pD:2] (:E9 56>2?5 7@C 9:89\AC@E6:? H96J D@ DEC@?8[ H96J\AC@E6:? 4@?46?EC2E6D 2?5 :D@=2E6D 2C6 4@?E:?F:?8 E@ 36 AC:@C:E:K65 :?DE625 @7 5CJ H96J[ =:<6=J =:>:E:?8 DFAA=J]k^Am

kAmkDEC@?8m!@H56C AC@5F4E:@? 564C62D6Dk^DEC@?8mk^Am

kAms6DA:E6 E96 724E E92E &]$] >:=< AC@5F4E:@? :?4C62D65 b]c A6C46?E :? y2?F2CJ[ ?@?72E\5CJ\>:=< AC@5F4E:@? 4@?E:?F65 E@ D=:56] tIEC2@C5:?2CJ 56>2?5 7@C 9:89\AC@E6:? AC@5F4ED DF49 2D vC66< J@8FCE[ 4@EE286 4966D6 2?5 F=EC27:=E6C65 >:=< :D AF==:?8 AC@E6:? @FE E96 5CJ6CD[ =:>:E:?8 AC@5F4E:@? @7 ?@?72E 5CJ >:=<] %96 C65F4E:@? :? DFAA=J :D DFAA@CE:?8 ?@?72E\5CJ >:=<’D 4FCC6?E AC:46 C2==J 2D 3FJ6CD 4@>A6E6 7@C AC@5F4E] {@@<:?8 29625[ =:>:E65 DFAA=J :D =:<6=J E@ @?=J DFAA@CE :?4C62D65 AC:46D D@ 72C 2D &]$] AC:46D 2C6 ?@H D92CA=J >@C6 E92? @E96C >2;@C 6IA@CE6CD] (:E9 >@C6 E92? f_ A6C46?E @7 &]$] ?@?72E\5CJ\>:=< 2?5 D<:>\>:=< A@H56C 6IA@CE65[ 2 4@?G6C86?46 :? 8=@32= AC:46D :D 6IA64E65 2E D@>6 A@:?E :? @C56C E@ >2:?E2:? 6IA@CE D2=6D]k^Am

kAmkDEC@?8mqFEE6C :?G6?E@C:6D E:89E6?k^DEC@?8mk^Am

kAmtG6? 2D >:=<72E E6DED 72:=65 E@ 8C@H 2E 2 ?@C>2= A246[ 3FEE6C AC@5F4E:@? :?4C62D65 e A6C46?E :? y2?F2CJ] s6DA:E6 E96 AC@5F4E:@? :?4C62D6[ 3FEE6C :?G6?E@C:6D 92G6 ?@E:4623=J E:89E6?65[ 96=A:?8 3FEE6C AC:46D C2==J] $EC@?8 6IA@CED @C56CD 92G6 96=A65 32=2?46 E96 >2C<6E[ 2D 6G:56?465 3J y2?F2CJ 6IA@CED 2=>@DE EC:A=:?8 2D 4@>A2C65 E@ AC:@C\J62C =6G6=D] tIA@CE6CD 2C6 =:<6=J E@ >2:?E2:? E9@D6 G@=F>6D 3642FD6 >2?J 3FJ6CD 92G6 AC63@@<65 56=:G6C:6D H6== :?E@ a_ae] qFE @?6 “)\724E@C” E@ <66A 2? 6J6 @? C6>2:?D E96 4@?7=:4E :? E96 |:55=6 t2DE] p3@FE `d A6C46?E @7 &]$] 3FEE6C 6IA@CED :? a_ad H6C6 56DE:?65 7@C >2C<6ED E92E 2C6 4FCC6?E=J 27764E65 3J E96 4=@DFC6 @7 E96 $EC2:E @7 w@C>FK] %9@D6 6IA@CED 2C6 ?@E 6IA64E65 E@ 5:D2AA62C 6?E:C6=J 3FE ?6H 3FD:?6DD :D =:<6=J E@ 36 =:>:E65 H9:=6 E96 4@?7=:4E 4@?E:?F6D]k^Am

kAmkDEC@?8mu=F:5\>:=< D2=6D G2CJk^DEC@?8mk^Am

kAmx? <66A:?8 H:E9 2 J62CD\=@?8 EC6?5[ E@E2= 7=F:5\>:=< D2=6D 564C62D65 a]b A6C46?E D:?46 y2?F2CJ a_ad] (:E9:? E96 42E68@CJ[ @C82?:4\>:=< D2=6D 564C62D65 d]c A6C46?E H9:=6 4@?G6?E:@?2=\>:=< D2=6D 564C62D65 3J a]` A6C46?E] qFE H9@=6\>:=< D2=6D :?4C62D65 `]e A6C46?E – 2 7:8FC6 =:<6=J E@ 36 3@=DE6C65 =2E6C E9:D J62C 2D D49@@=D DE2CE E@ :?4@CA@C2E6 H9@=6 >:=< :?E@ E96:C >62= A=2?D E92?<D E@ E96 A2DD286 @7 E96 (9@=6 |:=< 7@C w62=E9J z:5D p4E] {@@<:?8 DA64:7:42==J 2E C6E2:=\D2=6D 52E2[ 7=F:5\>:=< D2=6D 62D65 _]d A6C46?E :? a_ad] qFE 2? :?4C62D6 @7 b A6C46?E :? H9@=6\>:=< D2=6D 3@@DE65 E96 42E68@CJ @G6C2==[ 244@C5:?8 E@ r:C42?2] !C@5F4ED H:E9 =24E@D6\7C66 4=2:>D D2H e A6C46?E 8C@HE9 :? a_ad]k^Am

kAmkDEC@?8m$@7E\AC@5F4E AC@5F4E:@? :?4C62D6Dk^DEC@?8mk^Am

kAm*@8FCE 2?5 4@EE286\4966D6 AC@5F4E:@? 4@?E:?F6D E@ D@2C[ :?4C62D:?8 e A6C46?E 2?5 `a A6C46?E[ C6DA64E:G6=J[ :? y2?F2CJ[ 2D &]$] 4@?DF>6CD 4@?E:?F65 E@ =@@< E@ 52:CJ 7@C 9:89\AC@E6:? @AE:@?D] r:C42?2 52E2 DF886DED E92E AC@5F4E:@? :D 32C6=J >66E:?8 4@?DF>6C 56>2?5] #6E2:= J@8FCE D2=6D :?4C62D65 g A6C46?E :? a_ad[ 2?5 4@EE286 4966D6 D2=6D :?4C62D65 3J 2 C6>2C<23=6 `c A6C46?E] r@?DF>6CD A2CE:4F=2C=J 72G@C65 9:896C\AC@E6:? vC66< J@8FCE[ H9:49 D2H 2? `g A6C46?E :?4C62D6 :? D2=6D :? a_ad 2?5 2 c_ A6C46?E 82:? D:?46 y2?F2CJ a_ac] %96 56>2?5 DFC86 @?46 282:? 96=AD 6IA=2:? E96 C2A:5 :>AC@G6>6?E :? ?@?72E\5CJ\>:=< AC:46D 2?5 E9FD r=2DD x' AC:46D]k^Am

kAmkDEC@?8m|:=< AC@5F4E:@? :?4C62D6Dk^DEC@?8mk^Am

kAm|:=< AC@5F4E:@? 42CC:65 :ED a_ad EC6?5D :?E@ E96 ?6H J62C[ H:E9 @G6C2== AC@5F4E:@? :?4C62D:?8 b]c A6C46?E] |@C6 DFCAC:D:?8=J[ >:=<72E\4@>A@?6?E 8C@HE9 5646=6C2E65j :E 8C6H @?=J _]_a A6C46?E J62C\@G6C\J62C 2D C65F465 3FEE6C AC:46D :?46?E:G:K65 2 492?86 :? E96 C2E:@?] u@C 4@?E6IE[ 3FEE6C72E E6DED :?4C62D65 3J _]`` A6C46?E J62C\@G6C\J62C :? y2?F2CJ a_ad]k^Am

kAmuFCE96C>@C6[ E96 AC@E6:? E6DE 7@C >:=< A@@=65 :? E96 u656C2= |:=< |2C<6E:?8 ~C56CD C68:DE6C65 2 _]_c A6C46?E :?4C62D6 D:?46 y2?F2CJ a_ad] %92E’D E96 D64@?5 >@?E9 :? 2 C@H :? H9:49 E96 :?4C62D6 :? E96 AC@E6:? E6DE H2D >@C6 E92? E96 >:=<72E E6DE]k^Am

kAm(6’C6 D66:?8 2 C6DA@?D6 E@ C65F465 AC:46D E9C@F89 D=@H:?8 4@>A@?6?E 8C@HE9 3FE E96 52:CJ 96C5 C6>2:?D D:K623=6] (:E9 3667\@?\52:CJ AC@G:5:?8 D:8?:7:42?E DFAA@CE E@ 72C> :?4@>6[ AC@5F46CD 92G6 25565 a_h[___ >:=< 4@HD D:?46 y2?F2CJ a_ad[ 2?5 bc[___ D:?46 s646>36C[ 6G6? 2D >2C8:?D E:89E6?65]k^Am

kAm{@@<:?8 29625[ D@ =@?8 2D 3667 AC:46D C6>2:? 8@@5 2 52:CJ\96C5 C65F4E:@? 2AA62CD F?=:<6=J F?=6DD >:=< >2C8:?D D66 2 D:8?:7:42?E 564C62D6 – H9:49 2=D@ D66>D F?=:<6=J :? E96 ?62C E6C>] uFCE96C>@C6[ H:E9 E96 :>AC@G6>6?E :? E96 3FEE6C AC:46 7C@> y2?F2CJ[ H6 2?E:4:A2E6 64@?@>:4 D:8?2=D H:== @?46 282:? :?46?E:G:K6 52:CJ 72C>6CD 2?5 E96:C ?FEC:E:@?:DED E@ 25;FDE C2E:@?D E@ DAFC 3FEE6C72E AC@5F4E:@?] pD DF49[ H6 6IA64E A=6?EJ @7 >:=< E9C@F89 E96 7=FD9]k^Am

kAmkDEC@?8mp5;246?E >2C<6ED F?DE23=6k^DEC@?8mk^Am

kAm• r@C? 7FEFC6D 92G6 :?4C62D65 E9C@F89@FE u63CF2CJ 2?5 |2C49 2D AC@5F46CD 2C6 6IA64E65 E@ A=2?E 76H6C 4@C? 24C6D 2?5 4@?7=:4E :? E96 |:55=6 t2DE 4@?DEC2:?D 76CE:=:K6C 2G2:=23:=:EJ] $@J362?\>62= 7FEFC6D 92G6 ?@E D66? E96 D2>6 :?4C62D6]k^Am

kAm• %96 r9:428@ |6C42?E:=6 tI492?86’D u6656C r2EE=6 x?56I C6>2:?D :?7=2E65 3FE 92D 62D65 >@56DE=J D:?46 u63CF2CJ]k^Am

kAm• r@?7=:4E :? E96 |:55=6 t2DE 92D 42FD65 4CF56 @:= AC:46D E@ :?4C62D6 D92CA=J 2D DFAA=:6D @C:8:?2E:?8 7C@> E96 !6CD:2? vF=7 2C6 F?23=6 E@ A2DD E9C@F89 E96 $EC2:E @7 w@C>FK]k^Am

kAmkDEC@?8ms2:CJ >2C8:?D 4@?D:56C65k^DEC@?8mk^Am

kAms2:CJ |2C8:? r@G6C286 >2C8:?D 564C62D65 E@ Sf]g` A6C 9F?5C65H6:89E :? y2?F2CJ[ =2C86=J 5C:G6? 3J 2 S`]d_\A6C\9F?5C65H6:89E 564C62D6 :? E96 p== |:=< !C:46 D:?46 s646>36C] uFEFC6D DF886DE y2?F2CJ H:== 36 E96 D>2==6DE\>2C8:? >@?E9 7@C a_ae[ H:E9 2 C6=2E:G6 :?4C62D6 :? >2C8:?D 6IA64E65 :? u63CF2CJ E@ 23@FE Sg]ge A6C 9F?5C65H6:89E 2?5 >2C8:?D 2E >@C6 E92? E96 Sh]d_\A6C\9F?5C65H6:89E >2I:>F>\A2J>6?E E9C6D9@=5 3J pAC:=]k^Am

kAmkDEC@?8mr@?DF>6CD DECF88=6k^DEC@?8mk^Am

kAmr@?DF>6CD 2C6 724:?8 2 >@56C2E6=J 492==6?8:?8 64@?@>:4 6?G:C@?>6?E 2D AC:46D 7@C 8@@5D 24C@DD E96 64@?@>J C6>2:? :?7=2E65] %96 =23@C >2C<6E 92D H62<6?65 D=:89E=J] r@?46C?D 23@FE 86@A@=:E:42= D9@4<D E@ 6?6C8J 2?5 @:= >2C<6ED 92G6 DE2==65 :?E6C6DE\C2E6 C65F4E:@?D 7C@> E96 u656C2= #6D6CG6 2D :?7=2E:@? 762CD C6EFC?]k^Am

kAm%96 r@?DF>6C r@?7:56?46 x?56I[ H9:49 564C62D65 `c]c A6C46?E D:?46 y2?F2CJ a_ad[ 56>@?DEC2E6D E92E 4@?DF>6CD 2C6 766=:?8 AC6DDFC6] %92E 96=AD E@ 6IA=2:? E96 AF==324< :? 5:D4C6E:@?2CJ DA6?5:?8] !@D:E:G6=J 7@C 4@?DF>6CD[ 52:CJ AC@5F4ED 2C6 @776C:?8 D@>6 :?7=2E:@?2CJ C6=:67[ H:E9 2G6C286 C6E2:= AC:46D 564C62D:?8 D:?46 E9:D A2DE y2?F2CJ]k^Am

kAmkDEC@?8m{@@<:?8 29625k^DEC@?8mk^Am

kAm|:=< AC@5F4E:@? :D 6IA64E65 E@ C6>2:? 2>A=6 :? E96 4@>:?8 >@?E9D[ 5C:G6? 3J 2 =2C86 ?F>36C @7 >:=< 4@HD] tIA@CED AC@G:565 2 56DE:?2E:@? 7@C >F49 @7 E96 255:E:@?2= AC@5F4E:@? E9C@F89@FE a_ad[ A2CE:4F=2C=J :? 4966D6 2?5 3FEE6C[ 2?5 2C6 6IA64E65 E@ 4@?E:?F6 E@ 5@ D@] x7 C646?E EC6?5D 4@?E:?F6[ 6IA@CE 8C@HE9 H@F=5 36 4@>A@F?565 3J 2 C63@F?5 :? 5@>6DE:4 4@?DF>AE:@? @7 4966D6 2?5 3FEE6C – 2== @7 H9:49 H@F=5 6?4@FC286 :?4C62D65 AC:46D] %96 AC:46 C2==J :? 3FEE6C[ 4966D6 2?5 ?@?72E\5CJ >:=< AC@G:56D 9@A6 7@C AC@5F46CD E92E >:=< 4964<D H:== 8C25F2==J DEC6?8E96? 5FC:?8 E96 4@FCD6 @7 a_ae] s2:CJ |2C8:? r@G6C286 >2C8:?D 2C6 7@C642DE65 E@ :?4C62D6[ 3FE :?7=2E65 4@C? 2?5 4CF56\@:= 7FEFC6D AC:46D >2J :?4C62D6 7665 2?5 EC2?DA@CE2E:@? 4@DED 7@C 52:CJ AC@5F46CD]k^Am

kAm':D:E k2 9C67lQ9EEADi^^HHH]?>A7]@C8^Q E2C86ElQ03=2?<QmHHH]?>A7]@C8k^2m 7@C >@C6 :?7@C>2E:@?]k^Am