kAm(62E96C\2DD@4:2E65 AC@5F4E:@? C:D< :D 2 A2CE @7 =:76 7@C 72C>6CD 2?5 C2?496CD] %9C@F89 962GJ C2:?[ 92:=[ D?@H[ H:?5D[ 7:C6 2?5 5C@F89E[ 72C>:?8 72>:=:6D AC6A2C6 =2?5[ A=2?E 2?5 92CG6DE <?@H:?8 E96:C =:G6=:9@@5D 2C6 C6=:2?E @? =@42= H62E96C 4@?5:E:@?D] %96C6 H6C6 af H62E96C 5:D2DE6CD :? a_ac E92E DECF4< E96 &?:E65 $E2E6D 4@2DE\E@\4@2DE[ 6249 H:E9 52>286D 6I4665:?8 S` 3:==:@?] %96 }2E:@?2= ~462?:4 2?5 pE>@DA96C:4 p5>:?:DEC2E:@? C6A@CE65 E92E a_ac C2?<65 7@FCE9 :? E6C>D @7 E96 E@E2= :?7=2E:@?\25;FDE65 64@?@>:4 :>A24E @7 E96 6G6?ED[ H:E9 :?5FDEC:6D 24C@DD E96 64@?@>J 6IA6C:6?4:?8 2? 6DE:>2E65 S`ga]f 3:==:@? 9:E – 4@>A2C65 E@ Sha]h 3:==:@? :? a_ab] (:E9 2=>@DE df_ =:G6D =@DE[ E9@D6 5:D2DE6CD H:== 92F?E :>A24E65 4@>>F?:E:6D 7@C J62CD E@ 4@>6]k^Am

kAmkDEC@?8mtDE:>2E65 =@DD6D 56G2DE2E:?8k^DEC@?8mk^Am

kAm&A52E65 a_ac 4C@A\ 2?5 C2?86=2?5\52>286 6DE:>2E6D 9:89=:89E E96 56G2DE2E:?8 :>A24E @7 ?2EFC2= 5:D2DE6CD @? &]$] 72C> AC@5F4E:@?] %@E2= =@DD6D E@ 4C@AD 2?5 C2?86=2?5 – :?4=F5:?8 2A:4F=EFC6 – 7C@> >2;@C a_ac H62E96C 2?5 7:C6 6G6?ED 6I466565 Sa_]b 3:==:@?[ 244@F?E:?8 7@C ``]` A6C46?E @7 }~pp’D E@E2= 64@?@>:4 :>A24E 7C@> 5:D2DE6CD] ~7 E92E E@E2=[ S`_]h 3:==:@? :? =@DD6D H6C6 4@G6C65 3J &]$] s6A2CE>6?E @7 p8C:4F=EFC6\#:D< |2?286>6?E p86?4J AC@8C2>D 2D @7 u63CF2CJ a_ac] qFE 23@FE Sh]c 3:==:@? C6>2:?65 F?:?DFC65[ 76== @FED:56 A@=:4J 4@G6C286 =:>:ED @C 5:5?’E BF2=:7J F?56C 6I:DE:?8 C:D<\>2?286>6?E AC@8C2>D]k^Am

kAm~7 E96 S`dg 3:==:@? :? E@E2= #:D< |2?286>6?E p86?4J\:?DFC65 4C@A G2=F6 – =:23:=:E:6D – f A6C46?E C6DF=E65 :? :?56>?:EJ A2J>6?ED :? a_ac] }@E23=J[ 4C@A :?DFC2?46 A=2J65 2 4C:E:42= C@=6 :? >:E:82E:?8 E96D6 =@DD6D[ 4@G6C:?8 @G6C db A6C46?E @7 H62E96C\C6=2E65 52>286D[ AC@G:5:?8 6DD6?E:2= 7:?2?4:2= C6=:67 E@ 27764E65 72C>6CD] sC@F89E[ 6I46DD:G6 962E 2?5 H:=57:C6D =65 E@ @G6C S`` 3:==:@? :? 4C@A =@DD6D[ H9:=6 6I46DD:G6 AC64:A:E2E:@?[ 7=@@5:?8 2?5 9FCC:42?6D 244@F?E65 7@C Se]f 3:==:@?] w2:=DE@C>D 42FD65 S`]a 3:==:@? :? =@DD6D[ H9:=6 7C66K6D[ 4@=5[ H6E H62E96C 2?5 7C@DE C6DF=E65 :? Sgdc >:==:@? :? 52>286D 2?5 E@C?25@6D 2?5 6I46DD:G6 H:?5 =65 E@ Sah` >:==:@? :? 4C@A =@DD6D]k^Am

kAmpuqu 4C@A =@DD 6DE:>2E6D 5@ ?@E :?4=F56 :?7C2DECF4EFC6 52>286[ =:G6DE@4< =@DD6D W36D:56D 2A:4F=EFC6X[ 4@>A=6E6 9@CE:4F=EFC6 4C@A =@DD6D @C E:>36C =@DD6D 2DD@4:2E65 H:E9 E96 D6=64E65 42FD6D @7 =@DD] tDE:>2E6D D9@F=5 36 G:6H65 2D 2 >:?:>F> 32D6=:?6 D:?46 52E2 E@ 6DE:>2E6 E96D6 @E96C 42E68@C:6D 2C6 ?@E C625:=J 2G2:=23=6] |@C6 4@>AC696?D:G6 2?2=JD:D @? :?5:G:5F2= DE@C>D >2J 36 2G2:=23=6 7C@> =@42= =2?5\8C2?E F?:G6CD:E:6D] u@C 6I2>A=6 E96 &?:G6CD:EJ @7 v6@C8:2 6DE:>2E65 2 E@E2= 28 64@?@>:4 :>A24E @7 Sd]dg 3:==:@? 7C@> wFCC:42?6 w6=6?6 2?5 E96 &?:G6CD:EJ @7 u=@C:52 6DE:>2E65 28 AC@5F4E:@? =@DD6D FA E@ Secb >:==:@? 7C@> wFCC:42?6 |:=E@?] x? 3@E9 42D6D[ 6DE:>2E6D :?4=F56 =@DD6D 24C@DD 255:E:@?2= 42E68@C:6D WDF49 2D =:G6DE@4< 2?5 E:>36CX E92E 2C6 ?@E :?4=F565 :? E9:D puqu 2?2=JD:D]k^Am

kAmp55:E:@?2= 724E@CD 2=D@ 4@?EC:3FE65 E@ D:8?:7:42?E 4C@A =@DD6D[ >2?J @7 H9:49 H6C6 6I246C32E65 3J 492==6?8:?8 H62E96C 4@?5:E:@?D 2?5 2C6 @?=J A2CE:2==J C67=64E65 :? #:D< |2?286>6?E p86?4J 52E2] pE =62DE Scb >:==:@? H2D =@DE E@ :?D64ED[ Sbc >:==:@? E@ A=2?E 5:D62D6D[ Sac >:==:@? E@ H:=5=:76 2?5 S`h >:==:@? — AC:>2C:=J :? H962E — H2D =@DE 5F6 E@ >J4@E@I:?D[ E@I:?D AC@5F465 3J 7F?8: 2?5 @E96C >@=5D] w@H6G6C[ E96D6 7:8FC6D G2DE=J F?56C6DE:>2E6 E96 ECF6 6IE6?E @7 =@DD6D 5F6 E@ :?DFC2?46 4@G6C286 =:>:E2E:@?D[ 6I4=FD:@?D 2?5 C6A@CE:?8 492==6?86D] |2?J 7656C2= 4C@A :?DFC2?46 A@=:4:6D 5@ ?@E 4@G6C H:=5=:76 52>286 F?=6DD 6IA=:4:E=J :?4=F565[ 2?5 6G6? H96? 4@G6C286 6I:DED[ :?56>?:E:6D >2J 36 42AA65 @C 56?:65 :7 E96 =@DD :D 566>65 AC6G6?E23=6] $:>:=2C=J[ :?D64E 52>286[ A=2?E 5:D62D6D 2?5 >@=5\C6=2E65 =@DD6D 2C6 @7E6? :?E6CEH:?65 H:E9 @E96C 4@G6C65 42FD6D[ DF49 2D 5C@F89E @C 7=@@5:?8] u@C 6I2>A=6[ :7 5C@F89E H62<6?D 2 4C@A 2?5 >2<6D :E >@C6 DFD46AE:3=6 E@ :?D64E :?76DE2E:@?D @C H:=5=:76 7@C28:?8[ E96 AC:>2CJ C6A@CE65 42FD6 @7 =@DD >2J 36 5C@F89E[ =62G:?8 E96 24EF2= 52>286 7C@> :?D64ED @C H:=5=:76 F?244@F?E65 7@C :? :?56>?:EJ 52E2] pD 2 C6DF=E[ E96D6 7:8FC6D 2C6 =:<6=J E@ C6AC6D6?E @?=J 2 7C24E:@? @7 E96 E@E2= 64@?@>:4 :>A24E @7 E96D6 255:E:@?2= =@DD 724E@CD]k^Am

kAmx? a_ac[ %6I2D DF776C65 E96 >@DE D:8?:7:42?E 28C:4F=EFC2= =@DD6D 7@C E96 E9:C5 4@?D64FE:G6 J62C[ H:E9 E@E2= :?4FCC65 52>286D 6I4665:?8 Sb]c 3:==:@?] r@EE@? H2D E96 92C56DE\9:E 4C@A[ DFDE2:?:?8 S`]g 3:==:@? :? =@DD6D[ 7@==@H65 3J Sfeg >:==:@? :? 7@C286 2?5 C2?86=2?5 52>286 2?5 Sadf >:==:@? :? H962E =@DD6D] |@C6 E92? ee A6C46?E @7 %6I2DV E@E2= =@DD6D H6C6 2EEC:3FE65 E@ H:56DAC625 5C@F89E[ 6I46DD:G6 962E 2?5 9@E H:?5[ H:E9 E96 >@DE D6G6C6 :>A24ED @44FCC:?8 36EH66? yF?6 2?5 $6AE6>36C]k^Am

kAm|:??6D@E2 C2?<65 D64@?5[ H:E9 S`]cd 3:==:@? :? H62E96C\C6=2E65 4C@A =@DD6D[ :?4=F5:?8 Sefg >:==:@? :? 4@C?[ Sdag >:==:@? :? D@J362?D[ 2?5 S``b >:==:@? :? 7@C286] x?E6?D6 7=@@5:?8 :? yF?6 5C@G6 >@C6 E92? g_ A6C46?E @7 E96 DE2E6VD E@E2= =@DD6D[ D6G6C6=J :>A24E:?8 28C:4F=EFC2= AC@5F4E:@? 24C@DD E96 &AA6C |:5H6DE]k^Am

kAmr2=:7@C?:2 7@==@H65 4=@D6=J 369:?5[ H:E9 S`]c 3:==:@? :? 4C@A =@DD6D] ~G6C See_ >:==:@? H2D 2EEC:3FE65 E@ 5C@F89E 2?5 962E\C6=2E65 52>286[ H9:=6 Sd__ >:==:@? C6DF=E65 7C@> 7=@@5:?8 2?5 6I46DD:G6 AC64:A:E2E:@?] %96 DE2E6VD 7CF:E 2?5 ?FE :?5FDECJ DF776C65 @G6C Sge_ >:==:@? :? =@DD6D[ :?4=F5:?8 Safa >:==:@? :? 8C2A6D[ Sa_c >:==:@? :? A:DE249:@D[ Shc >:==:@? :? 2=>@?5D[ 2?5 See >:==:@? :? >2?52C:?D 2?5 E2?86C:?6D] p55:E:@?2==J[ r2=:7@C?:2 C:46 =@DD6D E@E2=65 S`fe >:==:@? :? a_ac]k^Am

kAmkDEC@?8m{@DD6D 3J rC@A %JA6k^DEC@?8mk^Am

kAmu:8FC6 b 5:DA=2JD @G6C2== 4C@A =@DD6D 3J EJA6 24C@DD 2== >2;@C H62E96C 6G6?ED :? a_ab] %96 @E96C 8C2:?D 42E68@CJ :?4=F56D 4C@AD =:<6 @2ED 2?5 D@C89F>[ E96 @E96C @:=D665D 42E68@CJ :?4=F56D 42?@=2[ >FDE2C5[ 7=2ID665[ 6E4] 2?5 E96 2== @E96C 42E68@CJ :?4=F56D >:D46==2?6@FD 4C@AD =:<6 E@3244@[ DF82C42?6[ DF82C 366ED 2?5 >:?E] u=@@5:?8 2?5 6I46DD:G6 AC64:A:E2E:@? 24C@DD E96 &AA6C |:5H6DE[ 4@>3:?65 H:E9 4@C?’D 5@>:?2?E C@=6 :? &]$] 28C:4F=EFC6[ <6AE 4@C? =@DD6D 2E E96 E@A[ E@E2=:?8 Sb]gd 3:==:@? :? a_ac] u@C286 =@DD6D C2?<65 D64@?5[ C6249:?8 Sb]g 3:==:@?[ 5C:G6? AC:>2C:=J 3J H:56DAC625 5C@F89E 4@?5:E:@?D :? DE2E6D DF49 2D %6I2D[ $@FE9 s2<@E2[ z2?D2D 2?5 ~<=29@>2] $@J362?D 7@==@H65 :? E9:C5[ H:E9 Sb]a 3:==:@? :? =@DD6D[ =2C86=J 5F6 E@ E96 D2>6 7=@@5\:?5F465 4@?5:E:@?D E92E :>A24E65 4@C?] r@EE@? C2?<65 7@FCE9[ H:E9 Sa]d 3:==:@? :? =@DD6D[ AC:>2C:=J 2EEC:3FE65 E@ 5C@F89E :? %6I2D 2?5 ~<=29@>2 2?5 9FCC:42?6\C6=2E65 52>286 24C@DD E96 $@FE962DE]k^Am

kAmkDEC@?8m{@DD6D sF6 E@ sC@F89E[ (:=57:C6 2?5 ~E96C w62E\#6=2E65 r2FD6Dk^DEC@?8mk^Am

kAms6DA:E6 E96 H:56DAC625 :>A24E @7 7=@@5:?8 2?5 9FCC:42?6D E9C@F89@FE a_ac[ 5C@F89E 2?5 962E\C6=2E65 4@?5:E:@?D — :?4=F5:?8 6I46DD:G6 962E[ AC@=@?865 DF? 6IA@DFC6[ 9@E H:?5 2?5 H:=57:C6D — 244@F?E65 7@C E96 =2C86DE D92C6 @7 E@E2= 4C@A =@DD6D[ C6249:?8 @G6C S`` 3:==:@?] ~7 E9:D 2>@F?E[ Sd]b 3:==:@? Wcf A6C46?EX H2D 4@G6C65 3J #:D< |2?286>6?E p86?4J :?DFC2?46 A@=:4:6D[ H9:=6 Sd]f 3:==:@? Wdb A6C46?EX 76== @FED:56 @7 4@G6C286]k^Am

kAm(9:=6 5C@F89E H2D?’E 2D 5@>:?2?E 2 4@?46C? 2D :? AC6G:@FD J62CD[ :E C6>2:?65 2 D:8?:7:42?E 492==6?86[ A2CE:4F=2C=J :? =2E6 $6AE6>36C 2?5 ~4E@36C[ H96? >@C6 E92? af A6C46?E @7 E96 4@F?ECJ H2D 4=2DD:7:65 F?56C D6G6C6 WsaX 5C@F89E @C H@CD6] %96 92C56DE 9:E 4C@AD :? E9:D 42E68@CJ H6C6 7@C286 2?5 C2?86=2?5[ H9:49 DF776C65 Sb]f 3:==:@? :? =@DD6D[ 4@EE@? 2E S`]f 3:==:@? 2?5 D@J362?D 2E S`]d 3:==:@?]k^Am

kAmkDEC@?8m{@DD6D sF6 E@ wFCC:42?6D[ %C@A:42= $E@C>D[ u=@@5:?8 2?5 tI46DD:G6 !C64:A:E2E:@?k^DEC@?8mk^Am

kAm#64@C5 7=@@5:?8 24C@DD E96 &AA6C |:5H6DE 2?5 9@CC:7:4 9FCC:42?6D 24C@DD E96 $@FE962DE 5C@G6 >F49 @7 E96 J62C’D 28C:4F=EFC2= ?2EFC2= 5:D2DE6C\C6=2E65 ?6HD 4J4=6] (96? 4@>3:?65 H:E9 E96 ?F>6C@FD @E96C E@CC6?E:2= C2:? 2?5 D6G6C6 DE@C>D 24C@DD E96 4@F?ECJ E96D6 42FD6D C6DF=E65 :? Se]f 3:==:@? :? 4C@A =@DD6D] ~7 E9:D[ Sc]b 3:==:@? Web A6C46?EX H2D 4@G6C65 3J #:D< |2?286>6?E p86?4J :?DFC2?46 A@=:4:6D H9:=6 Sa]d Wbg A6C46?EX 3:==:@? 76== @FED:56 @7 4@G6C286] r@C? 72465 E96 3:886DE 9:E F?56C E9:D 42E68@CJ 2E @G6C Sa 3:==:@?[ 7@==@H65 3J D@J362?D 2E S`]d 3:==:@?[ 7CF:ED 2?5 ?FED 2E Sf_f >:==:@? 2?5 4@EE@? 2E Sea` >:==:@?[ H:E9 E96 7@C>6C EH@ =:?<65 E@ |:5H6DE 7=@@5:?8 2?5 =2EE6C EH@ =:?<65 E@ $@FE962DE 9FCC:42?6D]k^Am

kAmkDEC@?8mwFCC:42?6Dk^DEC@?8mk^Am

kAmwFCC:42?6D w6=6?6 2?5 |:=E@? 56G2DE2E65 E96 $@FE962DE :? $6AE6>36C 2?5 ~4E@36C[ C6DA64E:G6=J[ 4=2:>:?8 2E =62DE ad` =:G6D 2?5 56DEC@J:?8 9F?5C65D @7 9@>6D 2?5 G:E2= :?7C2DECF4EFC6] }~pp 6DE:>2E65 E@E2= 64@?@>:4 52>286D @7 wFCC:42?6 w6=6?6 2E Sfg]f 3:==:@? 2?5 wFCC:42?6 w6=6?6 2E Sbc]b 3:==:@?] (96? 4@>3:?65 H:E9 E96 64@?@>:4 E@== @7 9FCC:42?6D uC2?4:?6[ s633J 2?5 q6CJ=[ E96 a_ac 9FCC:42?6 D62D@? :?7=:4E65 @G6C S`ac 3:==:@? :? E@E2= =@DD6D — 244@F?E:?8 7@C eg A6C46?E @7 }~pp’D E@E2= a_ac\3:==:@?\5@==2C H62E96C 5:D2DE6C 52>286D 6DE:>2E6]k^Am

kAmxD@=2E:?8 :?5:G:5F2= 9FCC:42?6\C6=2E65 =@DD6D :D 492==6?8:?8[ 2D >2?J 4=2:>D H6C6 C6A@CE65 H:E9:? E96 D2>6 >@?E9D 2?5 F?56C 3C@256C 42FD6\@7\=@DD 42E68@C:6D] w@H6G6C[ 24C@DD E96 $@FE962DE[ 2E =62DE Sb 3:==:@? :? 4C@A AC@5F4E:@? H2D =@DE] p? :>A@CE2?E C6>:?56C[ E9:D 7:8FC6 6I4=F56D 52>286D E@ :?7C2DECF4EFC6[ 6BF:A>6?E[ E:>36C 2?5 =:G6DE@4<[ >62?:?8 E@E2= 28C:4F=EFC2= :>A24ED 2C6 72C 8C62E6C]k^Am

kAmx? v6@C8:2[ wFCC:42?6 w6=6?6 2=@?6 42FD65 @G6C S`hd >:==:@? :? A62?FE =@DD6D[ S`ec >:==:@? :? 4@EE@?[ Sd` >:==:@? :? A642?D 2?5 Sch >:==:@? :? 3=F636CC:6D] x? u=@C:52[ 9FCC:42?6D 56DEC@J65 S`dd >:==:@? :? A6AA6CD[ Sd_ >:==:@? :? ?FCD6CJ 4C@AD[ Scg >:==:@? :? A62?FED[ Sca >:==:@? :? DF82C42?6[ Sc_ >:==:@? :? 7C6D9 >2C<6E E@>2E@6D 2?5 @G6C Sf >:==:@? :? DEC2H36CC:6D]k^Am

kAm{@F:D:2?2 3@C6 E96 3CF?E @7 wFCC:42?6 uC2?4:?6[ =625:?8 E@ S`c` >:==:@? :? DF82C42?6 =@DD6D[ Sfg >:==:@? :? C:46 2?5 Sf_ >:==:@? :? D@J362?D] x? }@CE9 r2C@=:?2[ wFCC:42?6 w6=6?6 H:A65 @FE S`d` >:==:@? :? 7=F6\4FC65 E@3244@[ S`b >:==:@? :? 3=F636CC:6D 2?5 S`_ >:==:@? :? 2AA=6D] x? $@FE9 r2C@=:?2 2?5 %6??6DD66[ 4@C?[ 4@EE@? 2?5 D@J362?D DF776C65 E96 >@DE 52>286[ H9:=6 ':C8:?:2 D2H Sh]e >:==:@? :? E@3244@ =@DD6D]k^Am

kAm%6I2D 2=D@ 72465 6IE6?D:G6 28C:4F=EFC2= =@DD6D[ H:E9 E96D6 42FD6D 4@?EC:3FE:?8 E@ Saaf >:==:@? :? 4@EE@? =@DD6D[ S`_g >:==:@? :? 4@C? 2?5 Sh` >:==:@? :? C:46 =@DD6D] %96 a_ac 9FCC:42?6 D62D@? H2D @?6 @7 E96 >@DE 56DECF4E:G6 :? &]$] 9:DE@CJ[ H:E9 D6G6C6 4@?D6BF6?46D 7@C 72C>6CD[ CFC2= 4@>>F?:E:6D 2?5 28C:4F=EFC2= DFAA=J 492:?D]k^Am

kAmkDEC@?8ms:D2DE6C pDD:DE2?46 :? E96 !:A6=:?6k^DEC@?8mk^Am

kAmu@C E96 A2DE E9C66 J62CD[ 72C>6CD 92G6 72465 3:==:@?D :? F?4@G6C65 =@DD6D 5F6 E@ ?2EFC2= 5:D2DE6CD[ 9:89=:89E:?8 4C:E:42= 82AD :? 7656C2= 5:D2DE6C C6=:67] x? a_aa[ AC@5F46CD DF776C65 @G6C S`_]c 3:==:@? :? F?4@G6C65 =@DD6D[ C6AC6D6?E:?8 52>286D E92E 6:E96C 76== @FED:56 4C@A :?DFC2?46 4@G6C286 =6G6=D @C 5:5 ?@E BF2=:7J F?56C 6I:DE:?8 C:D< >2?286>6?E AC@8C2>D] %@ 255C6DD E96D6 492==6?86D[ !C6D:56?E q:56? D:8?65 E96 s:D2DE6C #6=:67 $FAA=6>6?E2= pAAC@AC:2E:@?D p4E @? s64] ah[ a_aa[ 2==@42E:?8 Sb]fc 3:==:@? :? 2:5 7@C AC@5F46CD H9@ =@DE 4C@AD[ EC66D[ 3FD96D 2?5 G:?6D 5F6 E@ BF2=:7J:?8 5:D2DE6CD E92E J62C] w@H6G6C[ E9:D 2DD:DE2?46 4@G6C65 @?=J be A6C46?E @7 E96 E@E2= F?4@G6C65 =@DD6D[ =62G:?8 2 Se]fc 3:==:@? D9@CE72== E92E 92D J6E E@ 36 7F==J 255C6DD65]k^Am

kAmx? a_ab[ 72C>6CD 72465 Sh]h 3:==:@? :? F?4@G6C65 =@DD6D[ 7@==@H65 3J E96 6DE:>2E65 Sh]c 3:==:@? :? a_ac[ 3C:?8:?8 E96 E9C66\J62C F?4@G6C65 E@E2= E@ @G6C Sae 3:==:@? :? =@DD6D =67E @FED:56 :?DFC2?46 2?5 A2DE 5:D2DE6C 2:5 AC@8C2>D]k^Am

kAmp >2;@C DE6A 7@CH2C5 42>6 H:E9 E96 A2DD286 @7 E96 p>6C:42? #6=:67 p4E @7 a_ad[ D:8?65 :?E@ =2H :? E96 62C=J 9@FCD @7 s64] a`[ a_ac[ H9:49 AC@G:56D Sa` 3:==:@? :? ?2EFC2= 5:D2DE6C 2:5] %9:D 7F?5:?8 :D :?E6?565 E@ 4@G6C =@DD6D @7 C6G6?F6[ BF2=:EJ 2?5 AC@5F4E:@? 7@C 4C@AD — :?4=F5:?8 >:=<[ @?\72C> DE@C65 4@>>@5:E:6D[ AC6G6?E65 A=2?E:?8 24C6D 2?5 92CG6DE65 3FE 25F=E6C2E65 H:?6 8C2A6D — 2D H6== 2D =@DD6D E@ EC66D[ 3FD96D 2?5 G:?6D 42FD65 3J 5:D2DE6CD :? a_ab 2?5 a_ac]k^Am

kAm(9:=6 E9:D 7F?5:?8 :D 2 >F49\?66565 =:76=:?6 7@C DECF88=:?8 72C>6CD[ :E DE:== =62G6D 2 82A @7 2E =62DE Sc 3:==:@? E@ >2<6 4C@A AC@5F46CD H9@=6[ 52E:?8 324< E@ a_aa] p55:E:@?2==J[ 2D @7 u63] `a[ a_ad[ &$sp 92D ?@E J6E C6=62D65 56E2:=D @? 9@H @C H96? E96 Sa` 3:==:@? :? 5:D2DE6C 2:5 H:== 36 5:DEC:3FE65[ AC@=@?8:?8 E96 7:?2?4:2= F?46CE2:?EJ 7@C 72C>6CD H9@ 4@?E:?F6 E@ 8C2AA=6 H:E9 F?A2:5 3:==D 7C@> AC6G:@FD J62CD] (:E9 a_ad D92A:?8 FA E@ 36 2?@E96C F?AC65:4E23=6 J62C[ E:>6=J :>A=6>6?E2E:@? @7 E96D6 7F?5D H:== 36 4C:E:42= E@ DE23:=:K:?8 72C> @A6C2E:@?D 2?5 DFAA@CE:?8 CFC2= 64@?@>:6D]k^Am

kAmkDEC@?8m|2C<6E x?E6= |6E9@5@=@8Jk^DEC@?8mk^Am

kAm%9:D 2?2=JD:D =6G6C286D #:D< |2?286>6?E p86?4J 4C@A\:?DFC2?46 52E2 E@ 6DE:>2E6 E@E2= 4C@A =@DD6D 2D :7 2== 24C6286 H2D 7F==J :?DFC65 2E `__ A6C46?E 4@G6C286] %96 >6E9@5@=@8J 4=@D6=J 7@==@HD E96 2AAC@249 FD65 3J }~pp’D }2E:@?2= r=:>2E:4 s2E2 r6?E6C :? :ED 2??F2= “q:==:@? s@==2C r=:>2E6 2?5 (62E96C s:D2DE6CD” C6A@CED[ @C:8:?2==J @FE=:?65 3J $>:E9 2?5 z2EK Wa_``X]k^Am

kAmu@C a_ac[ E9@F89[ puqu 2?2=JD:D H2D 6IA2?565 E@ :?4@CA@C2E6 :?56>?:E:6D 7C@> 2== H62E96C\C6=2E65 42FD6D @7 =@DD[ C2E96C E92? =:>:E:?8 E96 2DD6DD>6?E E@ DE2E6D 6IA6C:6?4:?8 }~pp\56D:8?2E65 3:==:@?\5@==2C 5:D2DE6CD @C E9@D6 :?4=F565 :? E96 u656C2= t>6C86?4J |2?286>6?E p86?4J’D AC6D:56?E:2= 5:D2DE6C =:DE] %9:D 3C@256C 2AAC@249 42AEFC6D H62E96C\C6=2E65 4C@A =@DD6D 24C@DD 2== DE2E6D[ AC@G:5:?8 2 >@C6 4@>AC696?D:G6 A:4EFC6 @7 E96 64@?@>:4 :>A24E @? &]$] 28C:4F=EFC6]k^Am

kAm%96 #:D< |2?286>6?E p86?4J C6A@CED @? E@E2= :?56>?:E:6D WE@E2= :?DFC2?46 4@>A6?D2E:@?X A2:5 7@C 6249 42FD6 @7 =@DD W5C@F89E[ 9FCC:42?6[ 7=@@5:?8[ 7:C6[ 6I46DD >@:DEFC6[ 7C@DE[ 6E4]X :? 2 8:G6? >@?E9 7@C 6249 4C@A EJA6 3J DE2E6] s:776C6?E 42FD6 @7 =@DD 42E68@C:6D H6C6 4@>3:?65 E@ C67=64E 5:776C6?E 42E68@C:6D @7 H62E96C 6G6?ED] u@C 6I2>A=6[ 5C@F89E[ 962E[ 9@E H:?5[ 7:C6 2?5 6I46DD:G6 DF? H6C6 D6=64E65 7@C E96 5C@F89E[ H:=57:C6 2?5 962E 42E68@CJ] ~?46 :?56>?:EJ A2J>6?ED 7@C 4C@AD H6C6 E@E2=65[ 25;FDE>6?ED H6C6 >256 7@C =@DD6D @FED:56 :?DFC65 24C6286 2?5 4@G6C286 =6G6=D]k^Am

kAm%9:D :D 249:6G65 3J 7:CDE 42=4F=2E:?8 E96 A6C46?E @7 :?DFC65 24C6D :? 6249 DE2E6 WFD:?8 a_aa 52E2 7C@> &$sp’D }2E:@?2= p8C:4F=EFC2= $E2E:DE:4D $6CG:46 2?5 a_ab #:D< |2?286>6?E p86?4J DF>>2CJ @7 3FD:?6DD 52E2X] (6 2DDF>6 2== 24C6286 @7 2 8:G6? 4C@A H:E9:? 2 DE2E6 92D 366? 6BF2==J :>A24E65 3J 2 A2CE:4F=2C 5:D2DE6C] #:D< |2?286>6?E p86?4J 4@G6C286 =6G6= 52E2 :D FD65 E@ 7:?5 E96 2G6C286 4@G6C286 C2E6 7@C 6249 4C@A :? 6249 DE2E6] q2D65 @? E96D6 DE2ED[ 2 724E@C 2AAC@249 567:?65 2D `^ ,W A6C46?E 24C6D :?DFC65X W2G6C286 4@G6C286 =6G6= A6C46?EX. :D FD65 E@ 4@>6 FA H:E9 2 >F=E:A=:6C E@ 6DE:>2E6 `__ A6C46?E @7 =@DD6D] %9:D H2D C6A62E65 7@C 4C@AD :? 6249 27764E65 DE2E6 2?5 E@E2=65]k^Am

kAm&D:?8 2 C62=\=:76 6I2>A=6i x? u=@C:52[ de A6C46?E @7 A6AA6C 24C6286 H2D :?DFC65 :? a_aa] ~7 E96 4@G6C65 A6AA6C 24C6286 :? u=@C:52[ :?DFC2?46 4@G6C65 2? 2G6C286 @7 ea A6C46?E @7 =@DD6D] u@==@H:?8 E96 7@C>F=2 56D4C:365 23@G6[ u=@C:52 A6AA6C :?56>?:E:6D H6C6 >F=E:A=:65 3J `^W_]deY_]eaX[ @C a]gg[ E@ 6DE:>2E6 `__ A6C46?E @7 =@DD6D]k^Am

kAm~?6 A2CE:4F=2C=J 4@>A=6I 42FD6 @7 =@DD 42E68@CJ[ “p#!x^$r~^$%p)^|!^wx! (x rC@AD ~?=J[” C67=64ED :?56>?:E:6D A2:5 F?56C DA64:2=:K65 4C@A :?DFC2?46 AC@8C2>D E92E 6IE6?5 36J@?5 EC25:E:@?2= :?5:G:5F2= 72C> A@=:4:6D] ~7 E96 :?56>?:E:6D C64@C565 F?56C E9:D 42E68@CJ[ h` A6C46?E 2C6 E:65 E@ A2DEFC6[ C2?86=2?5[ 7@C286 W!#uX 2?5 2??F2= 7@C286[ H9:49 C6=J @? 2C62\32D65[ C2E96C E92? 72C>\DA64:7:4[ 2DD6DD>6?ED] (9:=6 :E :D 5:77:4F=E E@ 2DD:8? 2 DA64:7:4 H62E96C\C6=2E65 42FD6 @7 =@DD E@ E96D6 :?56>?:E:6D[ :? E9:D 2?2=JD:D :E :D 2DDF>65 E92E E96 >2;@C:EJ DE6> 7C@> 5C@F89E 4@?5:E:@?D] %9:D 2DDF>AE:@? :D 32D65 @? E96 724E E92E !#u 2?5 2??F2= 7@C286 A@=:4:6D F?56C E9:D 42E68@CJ 2C6 DECF4EFC65 2C@F?5 #2:?72== x?56I :?DFC2?46[ H9:49 4@>A6?D2E6D AC@5F46CD H96? AC64:A:E2E:@? 72==D 36=@H 9:DE@C:42= 2G6C286D] v:G6? E96 6IE6?D:G6 FD6 @7 E96D6 A@=:4:6D :? 5C@F89E\AC@?6 C68:@?D[ :?56>?:E:6D :? E9:D 42E68@CJ =:<6=J C67=64E H:56DAC625 AC64:A:E2E:@? 567:4:ED C2E96C E92? =@42=:K65 5:D2DE6C 6G6?ED]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