kAmq6EH66? y2?F2CJ 2?5 pAC:= @7 E92E J62C[ E96 &?:E65 $E2E6D :>A@CE65 Sfg]a 3:==:@? H@CE9 @7 28C:4F=EFC2= AC@5F4ED – E96 =2C86DE G2=F6 @? C64@C5] sFC:?8 E96 D2>6 A6C:@5[ &]$] 28C:4F=EFC2= 6IA@CED E@E2=65 ;FDE Sdg]d 3:==:@?[ C6DF=E:?8 :? 2 C64@C5\D6EE:?8 28C:4F=EFC2= EC256 567:4:E @7 2=>@DE Sa_ 3:==:@? :? E96 7:CDE 7@FC >@?E9D 2=@?6] s6DA:E6 E96 5:> @FE=@@<[ @?6 3C:89E DA@E DE2?5D @FE – 52:CJ] &]$] 52:CJ 6IA@CED 6I466565 Sb 3:==:@? E9C@F89 pAC:=[ >2C<:?8 2 ?6H C64@C5 2?5 @FEA24:?8 52:CJ :>A@CED 3J >@C6 E92? S` 3:==:@?] %@52J’D |2C<6E x?E6= F?56CD4@C6D 3@E9 E96 :>A@CE2?46 @7 7@C6:8?\>2C<6E 2446DD E@ 52:CJ\72C> AC@7:E23:=:EJ[ E96 A@E6?E:2= 7@C >2C<6E 6IA2?D:@? 7C@> E96 4FCC6?E EC256\?68@E:2E:?8 5J?2>:4D[ 2?5 E96 4@?E:?F65 GF=?6C23:=:EJ @7 E96 D64E@C E@ G@=2E:=6 2?5 F?C6D@=G65 EC256 5:DAFE6D 2?5 32CC:6CD[ 56DA:E6 2 DEC@?8 DE2CE E@ E96 J62C]k^Am

kAmkDEC@?8mr@?D:56C H96C6 H6 6IA@CE 52:CJk^DEC@?8mk^Am

kAmx? a_ac E96 &?:E65 $E2E6D 6IA@CE65 Sg]a 3:==:@? :? 52:CJ AC@5F4ED E@ ``c 4@F?EC:6D 2?5 E96 tFC@A62? &?:@?[ C6AC6D6?E:?8 4=@D6 E@ d A6C46?E @7 E@E2= 28 6IA@CED 3J G2=F6] s6DA:E6 E92E 3C@25 C6249[ ;FDE `_ >2C<6ED 244@F?E65 7@C fc A6C46?E @7 E@E2= 6IA@CE G2=F6] |@C6 E92? 92=7 @7 2== &]$] 28C:4F=EFC2= 6IA@CED H6C6 4@?46?EC2E65 :? @?=J E9C66 4@F?EC:6D – |6I:4@[ r2?252 2?5 r9:?2[ H9:49 2C6 2== 4FCC6?E=J 2E E96 46?E6C @7 @?8@:?8 EC256 E6?D:@?D] |6I:4@ 92D 366? E96 }@] ` 56DE:?2E:@? 7@C &]$] 52:CJ AC@5F4ED D:?46 DFCA2DD:?8 r2?252 :? a__b[ AFC492D:?8 2=>@DE @?6\E9:C5 @7 2== &]$] 52:CJ 6IA@CED :? a_ac] r9:?2[ 2 DE23=6 E9:C5\A=246 >2C<6E D:?46 a__h[ 3C:67=J @G6CE@@< r2?252 :? 3@E9 a_`b 2?5 a_`c]k^Am

kAmkDEC@?8mr@?D:56C H92E H6 6IA@CEk^DEC@?8mk^Am

kAmu=F:5\>:=< 2?5 4C62> AC@5F4ED 2C6 492==6?8:?8 E@ EC256 :?E6C?2E:@?2==J 5F6 E@ E96:C A6C:D923:=:EJ 2?5 H2E6C 4@?E6?E[ H9:49 >2<6 EC2?DA@CE2E:@? 4@DE=J C6=2E:G6 E@ :ED >2C<6E G2=F6] pD 2 C6DF=E[ E96 3F=< @7 &]$] 52:CJ 6IA@CED 2C6 :? >2?F724EFC65 AC@5F4ED H:E9 =@?86C D96=7 =:G6D 2?5 8C62E6C D9:AA:?8 677:4:6?4J]k^Am

kAmr966D6 =65 E96 H2J :? a_ac H:E9 E96 &]$] 6IA@CE:?8 >@C6 E92? Sa]c 3:==:@? H@CE9[ 244@F?E:?8 7@C 2=>@DE b_ A6C46?E @7 E@E2= 52:CJ\6IA@CE G2=F6] }@?72E 5CJ >:=< – AC@5F465 3J C6>@G:?8 >@DE @7 E96 72E 2?5 H2E6C 7C@> 7=F:5 >:=< – C2?<65 D64@?5[ E@E2=:?8 >@C6 E92? Sa 3:==:@? :? 6IA@CE G2=F6 2?5 36:?8 }@] ` @? E96 G@=F>6 =:DE 2E fc`[fh` >6EC:4 E@?D] %96 G6CD2E:=6 AC@5F4E :D FD65 :? C64@?DE:EFE65 >:=<j :?72?E 7@C>F=2j 52:CJ[ 32<6CJ 2?5 4@?764E:@?6CJ :E6>Dj 2?5 @442D:@?2==J 2D 2?:>2= 7665 @C 42=7 >:=< C6A=246C]k^Am

kAm#@F?5:?8 @FE E96 3:886DE E9C66 H2D E96 “@E96C 52:CJ AC@5F4ED” 42E68@CJ[ H9:49 :?4=F56D A@H56C65 :?8C65:6?ED =:<6 =24E@D6 2?5 >:=<\AC@E6:? 4@?46?EC2E6D] %92E 42E68@CJ 4@?EC:3FE65 S`]h 3:==:@? :? 6IA@CE G2=F6 24C@DD ee_[dbd >6EC:4 E@?D] %96 &?:E65 $E2E6D 2=D@ 6IA@CE65 D>2==6C 3FE DE:== D:8?:7:42?E G@=F>6D @7 H96J[ 3FEE6C[ :46 4C62> 2?5 J@8FCE]k^Am

kAmkDEC@?8mu@C6:8? >2C<6ED :>A@CE2?Ek^DEC@?8mk^Am

kAm&]$] 52:CJ 72C>6CD 2C6 E96 4C62> @7 E96 4C@A – AF? :?E6?565] ~?=J xDC26= DFCA2DD6D E96 &?:E65 $E2E6D :? A6C\4@H >:=< AC@5F4E:@?[ 2?5 :E 5@6D D@ @? 2 7C24E:@? @7 E96 D42=6] xDC26= AC@5F46D 23@FE c 3:==:@? A@F?5D @7 >:=< 2??F2==J[ H9:=6 E96 &?:E65 $E2E6D AC@5F465 >@C6 E92? aae 3:==:@? A@F?5D :? a_ac] %92E >62?D ?@E @?=J 2C6 &]$] 4@HD :?4C65:3=J AC@5F4E:G6[ 3FE E96J’C6 5@:?8 :E :? @?6 @7 E96 =2C86DE 2?5 >@DE D@A9:DE:42E65 52:CJ DJDE6>D :? E96 H@C=5]k^Am

kAmx? `hac[ E96 2G6C286 &]$] 4@H AC@5F465 c[`ef A@F?5D @7 >:=< A6C J62C] }@H E92E ?F>36C 92D 4=:>365 E@ ac[`fg A@F?5D[ 2? 2=>@DE D:I\7@=5 :?4C62D6] xE’D E92?<D E@ 564256D @7 :>AC@G6>6?ED :? 2?:>2= ?FEC:E:@?[ 86?6E:4D[ 962=E9 42C6 2?5 >2?286>6?E] %@E2= >:=< AC@5F4E:@? 92D ;F>A65 bd A6C46?E :? ;FDE E96 A2DE ad J62CD[ 7C@> `ef 3:==:@? A@F?5D E@ aae 3:==:@? A@F?5D]k^Am

kAms@>6DE:4 56>2?5 7@C 4966D6[ 3FEE6C 2?5 @E96C >2?F724EFC65 52:CJ AC@5F4ED 4@?E:?F6D E@ 8C@H] qFE 7=F:5\>:=< 4@?DF>AE:@? 92D 6IA6C:6?465 2 =@?8\E6C> 564=:?6 5C:G6? =2C86=J 3J 492?86D :? 923:ED[ C65F465 46C62= 4@?DF>AE:@? 2?5 3C@256C 36G6C286 4@>A6E:E:@?] uC@> `hf_ E@ a_`h[ 2G6C286 7=F:5\>:=< :?E2<6 564C62D65 7C@> 2=>@DE ` 4FA A6C A6CD@? A6C 52J E@ =6DD E92? 92=7 2 4FA] %92E D2:5[ C646?E AC@5F4E :??@G2E:@?D – DF49 2D F=EC2\9:89\E6>A6C2EFC6 D96=7\DE23=6 >:=<[ :?4C62D65\AC@E6:? 2?5 =24E@D6\7C66 @AE:@?D[ 2?5 6?92?465 3C2?5:?8 – >2J 36 96=A:?8 E@ D=@H E92E 564=:?6] %96C6 2C6 D@>6 D:8?D @7 >@56DE 82:?D :? D6=64E >2C<6E D68>6?ED]k^Am

kAm!C@5F4E:@? 677:4:6?4J 4@?E:?F6D E@ :?4C62D6 3FE A6C 42A:E2 7=F:5\>:=< 4@?DF>AE:@? :D F?=:<6=J E@ C6EFC? E@ 9:DE@C:4 ?F>36CD] $@ :E’D 4=62C E96 &]$] 52:CJ :?5FDECJ >FDE 4@?E:?F6 E@ =@@< 36J@?5 @FC 3@C56CD E@ DE2J 4@>A6E:E:G6 2?5 AC@7:E23=6] %92E’D H9J 6IA@CED 2C6 ?@E ;FDE 2 3@?FDj E96J’C6 6DD6?E:2=]k^Am

kAm~7 2== >:=< AC@5F4E:@? :? E96 &?:E65 $E2E6D[ `e A6C46?E :D 6IA@CE65 – E9@F89 E92E G2=F6 G2C:6D 8C62E=J 3J AC@5F4E 2?5 56DE:?2E:@?] %9@F89 4966D6 :D @FC AC:>2CJ 52:CJ\6IA@CE AC@5F4E[ @?=J 23@FE g A6C46?E @7 @FC 4966D6 AC@5F4E:@? H2D 6IA@CE65 :? a_ac] p >F49 =2C86C A6C46?E @7 A@H56C65 52:CJ AC@5F4ED :D C6=:2?E @? 6IA@CED >2C<6ED[ H:E9 ge A6C46?E @7 =24E@D6 AC@5F4E:@?[ >@C6 E92? fd A6C46?E @7 ?@?72E\5CJ\>:=< AC@5F4E:@? 2?5 2=>@DE f_ A6C46?E @7 H96J AC@5F4E:@? 36:?8 D@=5 @G6CD62D]k^Am

kAm%92E :>32=2?46 C67=64ED 9@H 5:776C6?E AC@5F4ED 7:E :?E@ 8=@32= 7@@5 DJDE6>D] !@H56C65 52:CJ AC@5F4ED =:<6 ?@?72E 5CJ >:=<[ H96J 2?5 =24E@D6 2C6 :? 8C62E 56>2?5 8=@32==J] p?5 E96J’C6 2=D@ 4@AC@5F4ED @7 AC@46DD:?8 E96 52:CJ 8@@5D p>6C:42?D 4@?DF>6 6G6CJ 52J] (96? &]$] 4@?DF>6CD 3FJ 4966D6[ 7@C 6I2>A=6[ AC@46DD@CD 2C6 =67E H:E9 =2C86 G@=F>6D @7 H96J – 2?5 =24E@D6 :D @7E6? D6A2C2E65 7C@> E92E DEC62>] qJ D6==:?8 E9@D6 :?8C65:6?ED 23C@25[ C2E96C E92? =6EE:?8 E96> 8@ E@ H2DE6[ AC@46DD@CD 4C62E6 G2=F6 E92E 96=AD @77D6E E96 4@DE @7 AC@5F4:?8 6G6CJ52J 52:CJ DE2A=6D 7@C &]$] 4@?DF>6CD]k^Am

kAmr9:?2[ E96 =2C86DE 3FJ6C @7 3@E9 &]$] =24E@D6 2?5 H96J[ FD6D E96> AC:>2C:=J :? DH:?6 7665 E@ DFAA@CE :ED >2DD:G6 A@C< :?5FDECJ] |F49 =:<6 r9:?2’D 56>2?5 7@C &]$] 49:4<6? 766E DFAA@CED &]$] A@F=ECJ AC@46DD@CD 3J 4C62E:?8 G2=F6 7C@> A2CED p>6C:42?D 5@?’E EJA:42==J 4@?DF>6[ 56>2?5 7@C 52:CJ 4@AC@5F4ED @G6CD62D 96=AD &]$] 52:CJ A=2?ED CF? >@C6 677:4:6?E=J] x? 4@?EC2DE[ >@DE @7 E96 7=F:5 >:=<[ 4966D6[ 3FEE6C 2?5 :46 4C62> AC@5F465 :? E96 &?:E65 $E2E6D :D 4@?DF>65 5@>6DE:42==J] tIA@CE:?8 4@AC@5F4ED :D D>2CE EC256 2D H6== 2D 6DD6?E:2= E@ >2<:?8 E96 H9@=6 52:CJ DFAA=J 492:? >@C6 DFDE2:?23=6 2?5 64@?@>:42==J G:23=6 7@C 72C>6CD[ AC@46DD@CD 2?5 4@?DF>6CD]k^Am

kAmqFE E92E =2C86 =6G6= @7 6IA@CE 6IA@DFC6 2=D@ =62G6D &]$] 52:CJ GF=?6C23=6 E@ D9:7ED :? EC256 A@=:4J] %92E’D ECF6 A2CE:4F=2C=J 2D :ED >@DE :>A@CE2?E >2C<6ED – :?4=F5:?8 |6I:4@[ r2?252 2?5 r9:?2 – 92G6 366? DF3;64E E@ C646?E E2C:77 24E:@?D @C EC256 E6?D:@?D F?56C 6G@=G:?8 &]$] EC256 DEC2E68:6D]k^Am

kAmkDEC@?8mr@?D:56C DA64:7:4 4@F?EC:6Dk^DEC@?8mk^Am

kAm&?56CDE2?5:?8 H96C6 2?5 H9J EC256 32CC:6CD 6I:DE :D <6J E@ 8C2DA:?8 E96 C:D<D 724:?8 &]$] 52:CJ AC@5F46CD] t249 @7 @FC :>A@CE2?E >2C<6ED 4@>6D H:E9 :ED @H? >:I @7 A@=:E:42=[ 64@?@>:4 2?5 C68F=2E@CJ 492==6?86D] p?5 H96? 23@FE ` :? e 82==@?D @7 &]$] >:=< :D 56DE:?65 7@C 7@C6:8? 3FJ6CD[ 6G6? D>2== 5:DCFAE:@?D 23C@25 42? C:AA=6 324< E@ E96 72C> 82E6]k^Am

kAmkDEC@?8m|6I:4@ –k^DEC@?8m %92?<D E@ 5FEJ\7C66 2446DD F?56C E96 &]$]\|6I:4@\r2?252 p8C66>6?E 2?5 4=@D6 86@8C2A9:4 AC@I:>:EJ[ EC256 7=@HD H:E9 |6I:4@ 92G6 C6>2:?65 DEC@?8] %96 =2E6DE 28C66>6?E[ H9:49 C6A=2465 E96 }@CE9 p>6C:42? uC66 %C256 p8C66>6?E :? a_a_[ :D E96 AC:>2CJ EC256 28C66>6?E 8@G6C?:?8 28C:4F=EFC2= 4@>>6C46 2>@?8 E96 &?:E65 $E2E6D[ |6I:4@ 2?5 r2?252] xE :?4=F56D <6J AC@G:D:@?D 2:>65 2E AC6D6CG:?8 >2C<6E 2446DD 7@C &]$] 52:CJ] qFE 6G6? @FC >@DE C6=:23=6 A2CE?6CD 2C6?’E :>>F?6 E@ EC256 G@=2E:=:EJ] x? 62C=J a_ad E96 %CF>A 25>:?:DEC2E:@? :>A@D65 3C@25 ad A6C46?E E2C:77D @? >@DE |6I:42? :>A@CED F?56C E96 x?E6C?2E:@?2= t>6C86?4J t4@?@>:4 !@H6CD p4E[ 4:E:?8 ?2E:@?2= D64FC:EJ 4@?46C?D] |2?J 28C66>6?E\4@>A=:2?E 8@@5D[ :?4=F5:?8 >@DE 28C:4F=EFC2= AC@5F4ED[ H6C6 =2E6C 8C2?E65 6I6>AE:@?D] qFE E96 >@G6 EC:886C65 5:A=@>2E:4 324<=2D9 2?5 E9C62ED @7 C6E2=:2E:@? 7C@> |6I:4@] %9@F89 52:CJ 92D =2C86=J C6>2:?65 6I6>AE[ A2DE 6IA6C:6?46 92D D9@H? E92E :E’D @7E6? 2>@?8 E96 7:CDE D64E@CD 9:E H96? EC256 E6?D:@?D 6D42=2E6 – >2<:?8 6G6? DEC@?8 6IA@CE >2C<6ED 2 A@E6?E:2= C:D< 7@C &]$] AC@5F46CD] %92E >2<6D AC6D6CG:?8 6I:DE:?8 EC256 7=@HD 2?5 DH:7E=J C6DF>:?8 7F== EC256\28C66>6?E 2446DD 7@C 3:=2E6C2= EC256 6DD6?E:2=]k^Am

kAmkDEC@?8mr2?252 –k^DEC@?8m s6DA:E6 36:?8 E96 D64@?5\=2C86DE 3FJ6C @7 &]$] 52:CJ[ r2?252 <66AD :ED >2C<6E E:89E=J AC@E64E65 E9C@F89 2 DFAA=J\>2?286>6?E DJDE6>] xE 4@?EC@=D 9@H >F49 >:=< r2?25:2? 72C>6CD 42? AC@5F46 2?5 :>A@D6D DE66A E2C:77D[ D@>6E:>6D >@C6 E92? b__ A6C46?E[ @? :>A@CED E92E 6I4665 D6E BF@E2D]k^Am

kAm(96? E96 =2E6DE EC256 28C66>6?E H2D D:8?65[ :E :?4=F565 AC@G:D:@?D E@ >@56DE=J 6IA2?5 &]$] 52:CJ 2446DD] qFE r2?252’D :>A=6>6?E2E:@? 92D 5C2H? D92CA 4C:E:4:D>] x?DE625 @7 8:G:?8 2 H:56 C2?86 @7 3FD:?6DD6D – =:<6 C6E2:=6CD[ 7@@5D6CG:46 4@>A2?:6D 2?5 5:DEC:3FE@CD – E96 C:89E E@ :>A@CE &]$] 52:CJ F?56C E96 ?6H BF@E2 DJDE6>[ r2?252 82G6 >@DE @7 E9@D6 =:46?D6D E@ :ED @H? 52:CJ AC@46DD@CD] q642FD6 E9@D6 AC@46DD@CD 4@>A6E6 H:E9 &]$] AC@5F4ED[ E96J 92G6 =:EE=6 C62D@? E@ 24EF2==J FD6 E96 =:46?D6D E@ 3C:?8 :? p>6C:42? 52:CJ] %96 C6DF=E :D E92E E96 BF@E2D E649?:42==J 6I:DE – 3FE >F49 @7 E96 AC@>:D65 >2C<6E 2446DD ?6G6C >2E6C:2=:K6D]k^Am

kAmr2?252 925 2=D@ FD65 AC:4:?8 42E68@C:6D 42==65 r=2DD e 2?5 r=2DD f E@ D6== >:=< :?8C65:6?ED =:<6 D<:>\>:=< A@H56C 2E 2CE:7:4:2==J C65F465 AC:46D[ F?56C4FEE:?8 &]$] 6IA@CED 3@E9 2E 9@>6 2?5 23C@25] %96 EC256 28C66>6?E C6BF:C65 r2?252 E@ 6=:>:?2E6 E9@D6 >:=< 4=2DD6D 2?5 :>A@D65 6IA@CE 5:D4:A=:?6D @? G2C:@FD >:=<\AC@E6:? AC@5F4ED E@ =:>:E EC256 5:DE@CE:@?D] qFE r2?252 :?EC@5F465 ?6H AC:4:?8 >6492?:D>D 7@C D:>:=2C >:=<\AC@E6:? AC@5F4ED E92E 92G6 2 4@>A2C23=6 67764E – 7=@@5:?8 :?E6C?2E:@?2= >2C<6ED 2?5 5:DA=24:?8 &]$] AC@5F4E] pD 2 C6DF=E[ &]$] AC@46DD@CD 92G6 366? 7@C465 E@ 25;FDE AC@5F4E:@? 2?5 D62C49 7@C 2=E6C?2E:G6 AC@5F4ED E92E 72== @FED:56 E96 D4@A6 @7 E9@D6 6IA@CE C6DEC:4E:@?D]k^Am

kAm%6?D:@?D 566A6?65 :? 62C=J a_ad H96? E96 %CF>A 25>:?:DEC2E:@? :>A@D65 DH66A:?8 ad A6C46?E E2C:77D @? :>A@CED 7C@> r2?252 F?56C E96 D2>6 x?E6C?2E:@?2= t>6C86?4J t4@?@>:4 !@H6CD p4E AC@G:D:@?D FD65 282:?DE |6I:42? :>A@CED] |@DE r2?25:2? 28C:4F=EFC2= 6IA@CED[ :?4=F5:?8 52:CJ[ C6>2:? 6I6>AE F?56C E96 6I:DE:?8 EC256 28C66>6?E[ r2?25:2? @77:4:2=D 92G6 :>A@D65 4@F?E6C>62DFC6D @? 2 C2?86 @7 &]$] 6IA@CED – :?4=F5:?8 D@>6 52:CJ] r2?252 >@C6 C646?E=J :?EC@5F465 2? 6I6>AE:@? AC@46DD E92E 92D D:8?:7:42?E=J >:E:82E65 E96 :>A24E @7 E92E C6E2=:2E:@?[ 3FE E96 E2C:77D C6>2:? @? E96 3@@<D]k^Am

kAmr2?252’D 42D6 F?56CD4@C6D 2 92C5 ECFE9 – EC256 28C66>6?ED 2=@?6 5@?’E 8F2C2?E66 C62= >2C<6E 2446DD] s@>6DE:4 AC@E64E:@?:D> 2?5 A@=:E:42= 7=2C6\FAD 42? 62D:=J F?56C4FE H92E’D AC@>:D65 @? A2A6C] pD =@?8 2D r2?252 4@?E:?F6D E@ 6G256 :ED EC256\28C66>6?E 4@>>:E>6?ED[ >62?:?87F= AC@8C6DD @? 52:CJ EC256 H:== C6>2:? =:>:E65] %92E’D H9J AC@5F4E:G6 ?68@E:2E:@?D – ?@E DE2=6>2E6D – 2C6 6DD6?E:2= E@ E24<=:?8 E9@D6 492==6?86D]k^Am

kAmkDEC@?8mr9:?2 –k^DEC@?8m r9:?2 C6>2:?D 2 G:E2= J6E G@=2E:=6 >2C<6E 7@C &]$] 52:CJ 6IA@CED[ A2CE:4F=2C=J 7@C 4@AC@5F4ED =:<6 H96J 2?5 =24E@D6 FD65 :? =:G6DE@4< 7665 2?5 7@@5 AC@46DD:?8] qFE C646?E EC256 E6?D:@?D 92G6 D:8?:7:42?E=J :>A24E65 E92E C6=2E:@?D9:A]k^Am

kAmx? 62C=J a_ad E96 &?:E65 $E2E6D :>A@D65 a_ A6C46?E E2C:77D @? r9:?6D6 8@@5D[ AC@>AE:?8 r9:?2 E@ C6E2=:2E6 H:E9 2 `_ A6C46?E E2C:77 @? 46CE2:? &]$] 52:CJ AC@5F4ED] %2C:77 E6?D:@?D 6D42=2E65 7FCE96C :? pAC:= H:E9 E96 =2F?49 @7 &]$] C64:AC@42= E2C:77D] r9:?2 >2E4965 &]$] :?4C62D6D :? E2C:77D E@ bc A6C46?E[ E96? gc A6C46?E 2?5 6G6?EF2==J `ad A6C46?E @? 2== &]$] 8@@5D] %9@D6 >62DFC6D >256 &]$] 52:CJ AC@5F4ED D:8?:7:42?E=J >@C6 6IA6?D:G6 :? E96 r9:?6D6 >2C<6E] xE C65F465 E96:C 4@>A6E:E:G6?6DD 282:?DE AC@5F4ED 7C@> 4@F?EC:6D =:<6 }6H +62=2?5 – H9:49 36?67:ED 7C@> 2 7C66\EC256 28C66>6?E H:E9 r9:?2 – 2?5 E96 tFC@A62? &?:@?]k^Am

kAmqFE :? |2J a_ad E96 &?:E65 $E2E6D 2?5 r9:?2 28C665 E@ 2 h_\52J E2C:77 C65F4E:@?[ C65F4:?8 r9:?2’D 255:E:@?2= C6E2=:2E@CJ E2C:77D @? &]$] 8@@5D E@ `_ A6C46?E E@ a_ A6C46?E[ 2?5 E96 &]$] E2C:77D @? r9:?6D6 8@@5D E@ b_ A6C46?E] %92E E6>A@C2CJ 2?5 A2CE:2= C6AC:6G6 @776CD 2 H:?5@H 7@C &]$] 52:CJ 6IA@CE6CD E@ H@C< E@ C682:? 7@@E:?8 :? E96 r9:?6D6 >2C<6E]k^Am

kAm%96 &]$] s2:CJ tIA@CE r@F?4:= 92D 6>A92D:K65 E96 ?665 7@C DE23=6 EC256 C6=2E:@?D[ ?@E:?8 E92E AC6G:@FD C6E2=:2E@CJ E2C:77D C6DF=E65 :? 2? 6DE:>2E65 Sa]e 3:==:@? =@DD :? &]$] 52:CJ\72C> C6G6?F6D 7C@> a_`h E@ a_a`] r9:?2’D 56>2?5 7@C 52:CJ C6>2:?D DEC@?8[ 3FE E2C:77 G@=2E:=:EJ 9:89=:89ED E96 C:D<D 7@C p>6C:42? 28C:4F=EFC6 @7 E96 A@=:E:42==J D6?D:E:G6 &]$]\r9:?2 C6=2E:@?D9:A]k^Am

kAmkDEC@?8mtFC@A62? &?:@? –k^DEC@?8m &]$] 52:CJ AC@5F4ED 7246 DE66A E2C:77D 2?5 6I46DD:G6=J 3FC56?D@>6 D2?:E2CJ 2?5 A9JE@D2?:E2CJ >62DFC6D :? E96 t&] (96E96C @? D@>2E:4\46== 4@F?ED @C E96 FD6 @7 2?E:>:4C@3:2= E@@=D[ t& A@=:4:6D :?4C62D:?8=J 2:> E@ 5:4E2E6 72C>:?8 AC24E:46D E@ E96 H@C=5] %92E :>A@D6D 2? @FED:K65 3FC56? @? EC25:?8 A2CE?6CD 6IA@CE:?8 E@ E96 t&]k^Am

kAmp?@E96C D:8?:7:42?E A@:?E @7 4@?E6?E:@? :D E96 t&’D 23FD6 @7 86@8C2A9:42= :?5:42E:@?D E@ C6DEC:4E E96 FD6 @7 4@>>@? 4966D6 ?2>6D =:<6 “A2C>6D2?” 2?5 “76E2” E@ AC@5F4ED >256 :? DA64:7:4 C68:@?D @7 tFC@A6] %9@D6 E6C>D 2C6 86?6C:4] %96 t&’D A@=:4:6D F?72:C=J E9C62E6? &]$] >2C<6E 2446DD[ ?@E @?=J H:E9:? E96 t& 3FE 2=D@ :? 4@F?EC:6D H96C6 E96 t& 92D D64FC65 86@8C2A9:42=\:?5:42E:@? AC@E64E:@?D E92E 3=@4< E96 FD6 @7 86?6C:4 ?2>6D E9C@F89 EC256 28C66>6?ED]k^Am

kAmx? pAC:= a_ad EC256 E6?D:@?D 6D42=2E65 H96? E96 &?:E65 $E2E6D :>A@D65 2 `_ A6C46?E E2C:77 @? 2== t& :>A@CED] %96 t& C6DA@?565 H:E9 2 AC@A@D65 A24<286 @7 ad A6C46?E C6E2=:2E@CJ E2C:77D @? Sab]g 3:==:@? H@CE9 @7 &]$] 8@@5D[ :?4=F5:?8 28C:4F=EFC2= AC@5F4ED] qFE 52:CJ AC@5F4ED H6C6 ?@E23=J 6I4=F565 7C@> E96 7:?2= =:DE[ 7@==@H:?8 =@33J:?8 7C@> >2;@C t& 52:CJ\6IA@CE:?8 4@F?EC:6D 4@?46C?65 23@FE A@E6?E:2= &]$] 4@F?E6C>62DFC6D] s6DA:E6 E92E E6>A@C2CJ C6AC:6G6[ E96 t&’D AC@E64E:@?:DE A@=:4:6D 2?5 E96 @?8@:?8 5:DAFE6D @G6C 86@8C2A9:42= :?5:42E:@?D 4@?E:?F6 E@ A@D6 D:8?:7:42?E 492==6?86D 7@C &]$] 52:CJ 6IA@CE6CD[ 5C:G:?8 2 EC2?D\pE=2?E:4 52:CJ\EC256 567:4:E @7 2=>@DE Sb 3:==:@?]k^Am

kAmkDEC@?8mx?5:2 –k^DEC@?8m x?5:2 C6>2:?D @?6 @7 E96 >@DE 4=@D65 2?5 A@=:E:42==J D6?D:E:G6 52:CJ >2C<6ED :? E96 H@C=5] (:E9 >@C6 E92? g_ >:==:@? 52:CJ 72C>6CD – >2?J @7 E96> D>2==9@=56CD @H?:?8 ;FDE EH@ E@ 7:G6 4@HD – E96 D64E@C A=2JD 2 G:E2= C@=6 :? CFC2= =:G6=:9@@5D[ ?FEC:E:@? 2?5 64@?@>:4 DE23:=:EJ] {:>:E65 8@G6C?>6?E C67@C>D[ A6CD:DE6?E C68F=2E@CJ 9FC5=6D 2?5 3C@256C 492==6?86D E@ 3FD:?6DD 56G6=@A>6?E 92G6 9:?56C65 :?5FDEC:2=:K2E:@?] pD 2 C6DF=E[ 52:CJ C6>2:?D @?6 @7 E96 >@DE 962G:=J AC@E64E65 :?5FDEC:6D :? E96 4@F?ECJ]k^Am

kAm&]$] 52:CJ AC@5F4ED 7246 =2C86 E2C:77D[ D@>6 2D >F49 2D e_ A6C46?E[ 2D H6== 2D A6CD:DE6?E ?@?E2C:77 32CC:6CD] r9:67 2>@?8 E9@D6 :D x?5:2’D C6BF:C6>6?E E92E :>A@CE65 52:CJ AC@5F4ED >FDE 4@>6 7C@> 2?:>2=D ?6G6C 765 2?:>2=\56C:G65 :?8C65:6?ED] x?5:2 4:E6D C6=:8:@FD 2?5 4F=EFC2= C62D@?D 7@C E92E C6DEC:4E:@?[ 3FE :E 92D C6;64E65 >F=E:A=6 &]$] AC@A@D2=D 56D:8?65 E@ C6DA64E E9@D6 36=:67D H9:=6 724:=:E2E:?8 >2C<6E 2446DD] %96 &?:E65 $E2E6D >2:?E2:?D E92E :ED >:=< DFAA=J 492:? 42? >66E x?5:2’D DE2E65 C6BF:C6>6?ED 2?5 E92E E96C6 :D 5:G6CD:EJ :? 5:6E2CJ AC24E:46D 24C@DD E96 x?5:2? A@AF=2E:@?] %9@D6 E2C:77 2?5 46CE:7:42E:@? CF=6D 4@?E:?F6 E@ D6CG6 2D 67764E:G6 32CC:6CD E@ &]$] 52:CJ 6IA@CED]k^Am

kAms6DA:E6 >@C6 E92? EH@ 564256D @7 ?68@E:2E:@?[ =:EE=6 AC@8C6DD 92D 366? >256] x? a_ac 2?5 a_ad[ E96 &?:E65 $E2E6D 2?5 x?5:2 C6D@=G65 D@>6 =@?8DE2?5:?8 (@C=5 %C256 ~C82?:K2E:@? 5:DAFE6D 2?5 =:7E65 46CE2:? C6E2=:2E@CJ E2C:77D] qFE 52:CJ 2446DD 2?5 @E96C 492==6?8:?8 E@A:4D H6C6 ?@E A2CE @7 E96 562=] x?5:2 92D 4@?E:?F65 E@ C6D:DE 52:CJ :? 3:=2E6C2= EC256 E2=<D[ D:8?2=:?8 E92E :E :D 56G@E65 E@ <66A:?8 DECF4EFC2= 32CC:6CD :? A=246]k^Am

kAmu@C &]$] 6IA@CE6CD[ x?5:2 C6AC6D6?ED 2 >2DD:G6 F?E2AA65 >2C<6E] qFE :E’D @?6 H96C6 EC256 A@=:4J :D E:89E=J 3@F?5 E@ 5@>6DE:4 A@=:E:4D[ 7@@5 D64FC:EJ 2?5 AC@E64E:@?:D>] ~G6C4@>:?8 E9@D6 6?EC6?4965 5J?2>:4D H:== E2<6 4C62E:G6[ AC28>2E:4 2AAC@2496D E@ 724:=:E2E:?8 EC256]k^Am

kAmkDEC@?8mt>6C8:?8 |2C<6EDi $@FE962DE pD:2[ 36J@?5 –k^DEC@?8m $6G6C2= 72DE\8C@H:?8 52:CJ :>A@CE6CD :?4=F5:?8 x?5@?6D:2[ E96 !9:=:AA:?6D 2?5 ':6E?2> C6AC6D6?E >2;@C 8C@HE9 @AA@CEF?:E:6D 7@C &]$] 52:CJ] %9@D6 4@F?EC:6D 92G6 :?4C62D:?8 4@?DF>6C 56>2?5[ 6IA2?5:?8 >:55=6 4=2DD6D 2?5 =:>:E65 5@>6DE:4 >:=< AC@5F4E:@?]k^Am

kAm~G6C2== ?@?\E2C:77 32CC:6CD :? $@FE962DE pD:2 2C6 C6=2E:G6=J =:>:E65] qFE @?6 <6J =:>:E:?8 :DDF6 :D x?5@?6D:2’D 724:=:EJ\C68:DEC2E:@? AC@46DD] x? x?5@?6D:2[ 6249 &]$] 52:CJ\AC@46DD:?8 A=2?E >FDE F?56C8@ 2? 6IE6?D:G6 2AAC@G2= AC@46DD 367@C6 2?J D9:A>6?ED 42? 368:?] %92E AC@46DD 42? E2<6 E9C66 J62CD 2?5 :?G@=G6D 5FA=:42E:G6 5@4F>6?E2E:@?[ F?4=62C 4C:E6C:2 2?5 =:EE=6 EC2?DA2C6?4J] %9@D6 56=2JD 92G6 4@DE &]$] 6IA@CE6CD C62= >2C<6E D92C6[ 2D 4@>A6E:?8 DFAA=:6CD 7C@> 4@F?EC:6D H:E9 72DE6C @C AC6\2AAC@G65 2446DD 7:== E96 82A]k^Am

kAm%96 &?:E65 $E2E6D 92D >256 AC@8C6DD :? C6D@=G:?8 E96 :>A65:>6?E E92E 724:=:EJ C68:DEC2E:@? 42? A@D6 :? D@>6 >2C<6ED[ 7@C 6I2>A=6[ C6249:?8 2 3:=2E6C2= 28C66>6?E H:E9 r@DE2 #:42 :? a_ad E@ DEC62>=:?6 A=2?E 2AAC@G2=D] qFE @E96C 4@F?EC:6D DE:== >2:?E2:? D=@H[ @A2BF6 @C :?4@?D:DE6?E C68:DEC2E:@? DJDE6>D] %9@D6 AC@46DD6D @A6C2E6 2D 56 724E@ EC256 32CC:6CD[ C6DEC:4E:?8 2446DD :? 2 >@C6\DF3E=6 >2??6C E92? E2C:77D] %96 @?8@:?8 &]$] C64:AC@42= EC256 ?68@E:2E:@?D H:E9 >F=E:A=6 EC25:?8 A2CE?6CD @776C 2? 6I46==6?E @AA@CEF?:EJ E@ E24<=6 E9@D6 EJA6D @7 32CC:6CD]k^Am

kAmkDEC@?8m%C256 >2EE6CDj D@ 5@6D G:8:=2?46k^DEC@?8mk^Am

kAms2:CJ’D C64@C5\D6EE:?8 6IA@CE A6C7@C>2?46 :? 62C=J a_ad :D 2 E6DE2>6?E E@ &]$] 72C>6CD’ AC@5F4E:G:EJ 2?5 E96 8=@32= 2AA6E:E6 7@C 6I46==6?E\BF2=:EJ p>6C:42? 52:CJ AC@5F4ED] qFE E92E DF446DD DE@CJ :D ?@E 8F2C2?E665] pD E9:D |2C<6E x?E6= 92D D9@H?[ 6G6? @FC >@DE 6DE23=:D965 >2C<6ED 7246 6G@=G:?8 A@=:4J 5J?2>:4D 2?5 EC256 AC6DDFC6D E92E :?EC@5F46 C:D<] pE E96 D2>6 E:>6[ AC@>:D:?8 56DE:?2E:@?D =:<6 x?5:2 2?5 E96 t& C6>2:? 492==6?8:?8 5F6 E@ DECF4EFC2= AC@E64E:@?:D> 2?5 ?@?\EC2?DA2C6?E C68F=2E@CJ DJDE6>D E92E =:>:E 2446DD]k^Am

kAm%9@D6 C62=:E:6D >2<6 :E 2== E96 >@C6 :>A@CE2?E 7@C &]$] EC256 ?68@E:2E:@?D E@ 56=:G6C >62?:?87F= @FE4@>6D] %96J ?665 E@ 6IA2?5 >2C<6E 2446DD[ 6?DFC6 72:C EC62E>6?E 2?5 4C62E6 =2DE:?8 @AA@CEF?:E:6D 7@C &]$] 52:CJ] u@C &]$] 52:CJ 72C>6CD 2?5 AC@46DD@CD[ 6IA@CED 2C6 ?@E @AE:@?2=j E96J’C6 6DD6?E:2= :? <66A:?8 E96 DFAA=J 492:? G:23=6 2?5 4@>A6E:E:G6] qFE E2AA:?8 :?E@ 8=@32= >2C<6ED C6BF:C6D >@C6 E92? D9:AA:?8 4@?E2:?6CD 2?5 D2=6D 4@?EC24ED] xE 56>2?5D A6CD:DE6?E EC256 6?8286>6?E[ 6?7@C4623=6 28C66>6?ED[ 2?5 2 =@?8\E6C> DEC2E68J E@ C65F46 32CC:6CD 2?5 5676?5 92C5\H@? 82:?D] (:E9 4@CC64E EC256 A@=:4:6D[ 52:CJ 42? 4@?E:?F6 E@ D9:?6 2D @?6 @7 28C:4F=EFC6’D 8=@32= DF446DD DE@C:6D]k^Am

kAm':D:E k2 9C67lQ9EEADi^^HHH]73]@C8^>2C<6E\:?E6=Q E2C86ElQ03=2?<QmHHH]73]@C8^>2C<6E\:?E6=k^2m 7@C >@C6 :?7@C>2E:@?]k^Am