kAmp G2C:6EJ @7 r@?8C6DD:@?2= 42?5:52E6D[ 2=@?8 H:E9 ?2E:@?2= 2?5 DE2E6 28C:4F=EFC2= =6256CD 2?5 A@=:4J >2<6CD 5:D4FDD65 2?5 2?2=JK65 >2?J @7 E96 4FCC6?E <6J :DDF6D 27764E:?8 72C> 72>:=:6D 2?5 CFC2= 4@>>F?:E:6D 24C@DD |:??6D@E2 2?5 E96 |:5H6DE] u@==@H:?8 2C6 D@>6 @7 E96 >2:? :DDF6D E92E H6C6 5:D4FDD65 5FC:?8 u2C>76DE E9:D J62C ik^Am

kAm• u2C> u:?2?4:2= r92==6?86D \\\ (96E96C :E H2D u2C>76DE u@CF> A2?6= >6>36CD @C E96 72C>6CD 2EE6?5:?8 E96 6G6?E[ E96 4FCC6?E E:89E >2C8:?D 2?5 =@H AC@7:E23:=:EJ H2D @? 6G6CJ@?6’D >:?5]k^Am

kAm!C@7:E >2C8:?D :? 4C@A AC@5F4E:@? 2C6 2E E96 E:89E6DE =6G6= :? >2?J J62CD[ 2?5 D@>6 AC@5F46CD 2C6 724:?8 ?682E:G6 AC@7:E AC@;64E:@?D 7@C E96 a_`e 4C@A J62C] rC@A AC@5F4E:@? 6IA6?D6D 2?5 =2?5 C6?E2= C2E6D 92G6 C6>2:?65 C6=2E:G6=J 9:89 7@C >2?J 72C> @A6C2E@CD[ H9:=6 4C@A AC:46D 7@C 4@C?[ D@J362?D 2?5 H962E 92G6 5C@AA65 5C2>2E:42==J :? E96 A2DE 4@FA=6 @7 J62CD] u@C 72C>6CD H:E9 36=@H 2G6C286 4C@A J:6=5D :? a_`e[ 5F6 E@ H62E96C :DDF6D[ E96 D:EF2E:@? >2J 36 6G6? >@C6 D6G6C6]k^Am

kAm%96 =:G6DE@4< D64E@C :D ?@E 72C:?8 2?J 36EE6C E92E E96 4C@A D64E@C 7C@> 2 AC@7:E23:=:EJ DE2?5A@:?E] s2:CJ 72C>6CD 92G6 366? 562=:?8 H:E9 G6CJ =@H >:=< AC:46D 7@C E96 A2DE 4@FA=6 @7 J62CD[ H9:49 92D C6DF=E65 :? ?682E:G6 AC@7:E >2C8:?D 7@C >2?J AC@5F46CD] r2EE=6 7665=@E @A6C2E@CD 92G6 2=D@ 72465 ?682E:G6 >2C8:?D 2E >@DE E:>6D 5FC:?8 E96 A2DE J62C @C D@] w@8 AC@5F46CD 92G6 366? 23=6 E@ D9@H 2 D=:89E AC@7:E >2C8:? 2E >@DE E:>6D :? a_`d 2?5 a_`e[ 5F6 E@ E96 =@H6C 7665 4@DEDj 9@H6G6C[ AC@;64E65 =@H6C >2C<6E AC:46D :? E96 9@8 D64E@C H:== =:<6=J 4C62E6 AC@7:E 492==6?86D 7@C E96 9@8 :?5FDECJ 2D H6== :? E96 4@>:?8 >@?E9D]k^Am

kAm• %96 a_`g u2C> q:== \\\ |@DE 72C> @A6C2E@CD 2C6 ;FDE 368:??:?8 E@ F?56CDE2?5 E96 4FCC6?E u2C> q:== 2?5 72C> AC@8C2>D E92E H6C6 :>A=6>6?E65 368:??:?8 H:E9 E96 a_`c 4C@A J62C[ 2?5 H:== 36 :? A=246 E9C@F89 E96 a_`g 4C@A J62C] w@H6G6C[ >2?J 28 A@=:4J 6IA6CED 2?5 72C> =6256CD 2C6 2=C625J 368:??:?8 E@ 5:D4FDD E96 HC:E:?8 @7 E96 ?6IE u2C> q:== 3J r@?8C6DD :? a_`g] %96C6 :D 2 =@E @7 4@?46C? @G6C E96 A2J>6?E 42=4F=2E:@?D :? E96 4FCC6?E 4@F?EJ\32D65 p8 #:D< r@G6C286 Wp#r\r~X 72C> AC@8C2> @AE:@? E92E @G6C h_ A6C46?E @7 E96 4@C? 2?5 D@J362? AC@5F46CD :? E96 &AA6C |:5H6DE 2C6 6?C@==65 :? 7@C E96 a_`c\a_`g 4C@A J62CD] %96 p#r\r~ A2J>6?ED 7@C 2 8:G6? 4C@A :? 2 4C@A J62C 42? G2CJ H:56=J 7C@> 4@F?EJ\E@\4@F?EJ 5F6 E@ E96 A2J>6?E 42=4F=2E:@? 7@C>F=2] x? 255:E:@?[ E96 A2J>6?E =6G6=D H:== =:<6=J 564=:?6 7@C E96 a_`f 2?5 a_`g 4C@A J62CD[ H96? 4C@A AC@5F46CD 4@F=5 A@E6?E:2==J 36 724:?8 D@>6 D6C:@FD 7:?2?4:2= 492==6?86D]k^Am

kAm%96 s2:CJ |2C8:? !C@E64E:@? !C@8C2> 92D 2=D@ ?@E 366? 2D 67764E:G6 2D 2?E:4:A2E65 E@ 96=A 52:CJ AC@5F46CD @77D6E E96 4FCC6?E =@H AC@7:E >2C8:?D] $@>6 4@?46C? H2D 2=D@ C2:D65 C682C5:?8 E96 C65F465 =6G6= @7 >2I:>F> r#! 24C6D 2==@H65 F?56C E96 4FCC6?E u2C> q:==]k^Am

kAmu:?5:?8 256BF2E6 7F?5:?8 7@C 4FCC6?E @C 6IA2?565 72C> AC@8C2>D 4@F=5 36 2 492==6?86 H96? r@?8C6DD HC:E6D E96 ?6IE u2C> q:==] r@?8C6DD:@?2= 42?5:52E6D H6C6 DA=:E @? H96E96C E96 ?6IE u2C> q:== D9@F=5 4@?E:?F6 E@ 4@?E2:? E96 u@@5 2?5 }FEC:E:@? %:E=6[ H9:49 7F?5D E96 “$FAA=6>6?E2= }FEC:E:@? pDD:DE2?46 !C@8C2>” W$}p!X[ 2?5 FE:=:K6D 2AAC@I:>2E6=J fd\g_ A6C46?E @7 E96 7F?5D 6IA6?565 @? E96 u2C> q:==[ @C :7 E9@D6 AC@8C2>D D9@F=5 36 7F?565 D6A2C2E6=J] tIA6C:6?465 28 A@=:4J 6IA6CED H2C? E92E 7F?5:?8 7@C 28 4@>>@5:EJ AC@8C2>D 4@F=5 364@>6 >@C6 5:77:4F=E :? E96 7FEFC6[ :7 E96 72C> AC@8C2>D 2?5 E96 $}p! AC@8C2>D 2C6 D6A2C2E65 3J r@?8C6DD]k^Am

kAm• rC@A x?DFC2?46 \\\ |2?J 72C> @A6C2E@CD 2C6 4@?46C?65 23@FE E96 7FEFC6 @7 E96 u656C2= rC@A x?DFC2?46 AC@8C2>[ H9:49 :D AC@323=J E96 36DE C:D< >2?286>6?E E@@= E92E 4C@A AC@5F46CD 92G6 2G2:=23=6 E@ E96>] %96 u656C2= 8@G6C?>6?E 4FCC6?E=J 4@G6CD 2AAC@I:>2E6=J e_ A6C46?E @7 E96 AC6>:F> 4@DE 7@C >@DE 4@>>@? =6G6=D @7 4C@A :?DFC2?46 4@G6C286 E92E :D AFC492D65 3J 72C>6CD]k^Am

kAm$@>6 ?@?\28 8C@FAD 2C6 AFD9:?8 E@ 92G6 E96 u656C2= DF3D:5J 7@C 4C@A :?DFC2?46 8C62E=J C65F465[ @C 6G6? 6=:>:?2E65] %9:D 4@F=5 C6DF=E :? 4C@A :?DFC2?46 364@>:?8 E@@ 6IA6?D:G6 7@C D@>6 AC@5F46CD[ 2?5 =625 E@ 4C@A 7:?2?4:?8 :DDF6D H:E9 28 =6?56CD] ~E96CD 92G6 AFD965 E@ 6=:>:?2E6 E96 =2C86C 72C> @A6C2E@CD 7C@> E96 DF3D:5:K65 4C@A :?DFC2?46 4@G6C286] x7 E96D6 AC@5F46CD 5C@A @FE @7 E96 4C@A :?DFC2?46 AC@8C2>[ :E >2J =:>:E E96 ?F>36C @7 AC:G2E6 4@>A2?:6D @776C:?8 u656C2= 4C@A :?DFC2?46 4@G6C286 E@ 72C> @A6C2E@CD]k^Am

kAmU3F==j p8 (2E6C "F2=:EJ xDDF6D \\\ xE D66>D E92E 6G6CJH96C6 J@F EFC? E96D6 52JD[ 28 H2E6C BF2=:EJ :DDF6D 2C6 @? E96 7@C67C@?E] x? |:??6D@E2[ 2 ?6H U=5BF@jqF776C {2HUC5BF@j H2D A2DD65 3J E96 $E2E6 {68:D=2EFC6 :? a_`d 2?5 D:8?65 :?E@ =2H[ 2?5 =2E6C FA52E65 3J E96 a_`e $E2E6 {68:D=2EFC6] %96 a_`e FA52E6 4=2C:7:65 E92E E96 U=5BF@jqF776C {2HUC5BF@j @?=J 27764ED AF3=:4 5:E496D[ DEC62>D[ 6E4][ 2?5 ?@E AC:G2E6 5:E496D 2?5 H2E6CH2JD] %96 |:??6D@E2 s6A2CE>6?E @7 }2EFC2= #6D@FC46D Ws}#X 92D 4@>A=6E65 E96 >2AA:?8 @7 E96 5:E496D E92E C6BF:C6 3F776CD] %96 >2AA:?8 2?5 @E96C 56E2:=D @? E96 ?6H |:??6D@E2 U=5BF@jqF776C {2HUC5BF@j 2C6 2G2:=23=6 E9C@F89 =@42= $@:= 2?5 (2E6C r@?D6CG2E:@? s:DEC:4E @77:46D[ @C E9C@F89 E96 $E2E6 q@2C5 @7 $@:= 2?5 (2E6C #6D@FC46D Wq($#X] p?@E96C 6I46==6?E C6D@FC46 @? E96 ?6H U=5BF@jqF776C {2HUC5BF@j 2?5 @E96C 28 H2E6C BF2=:EJ :DDF6D :D E96 |:??6D@E2 p8C:4F=EFC6 (2E6C #6D@FC46 r6?E6C H63 D:E6 2E i k2 9C67lQ9EEAi^^>2HC4]@C8^Qm9EEAi^^>2HC4]@C8^k^2mk^Am

kAm%96 u656C2= 2FE9@C:EJ F?56C E96 r=62? (2E6C p4E AC@G:D:@? <?@H? 2D E96 “(2E6CD @7 E96 &?:E65 $E2E6D” W(~%&$X 2=D@ 92D 72C> @A6C2E@CD 24C@DD E96 ?2E:@? 4@?46C?65] |2?J 28C:4F=EFC2= =6256CD 762C E92E E96 u656C2= t?G:C@?>6?E2= !C@E64E:@? p86?4J Wt!pX H:== FD6 A6C46:G65 (~%&$ 2FE9@C:EJ E@ :?G@<6 AC24E:46D 2?5 C6BF:C6>6?ED @? AC:G2E6 72C> =2?5[ H9:49 4@F=5 2=E6C 7FEFC6 4C@A AC@5F4E:@? AC24E:46D 2?5 =:G6DE@4< 8C2K:?8] %96 (~%&$ :DDF6 :D =:<6=J E@ 36 5632E65 :? r@?8C6DD 2?5 492==6?865 :? E96 u656C2= r@FCED :? E96 4@>:?8 J62CD]k^Am

kAm%96D6 :DDF6D 2?5 >2?J @E96C 28\C6=2E65 E@A:4D H6C6 5:D4FDD65 5FC:?8 u2C>76DE[ 2?5 E96D6 5:D4FDD:@?D 2?5 5632E6D H:== =:<6=J 4@?E:?F6 :?E@ E9:D 72==’D u656C2= 2?5 DE2E6 6=64E:@?D[ 2D H6== 2D :?E@ E96 a_`f r@?8C6DD:@?2= 2?5 DE2E6 =68:D=2E:G6 D6DD:@?D] |2?J 72C> @C82?:K2E:@?D 2?5 28C:4F=EFC2= 4@>>@5:EJ 8C@FAD H:== 2=D@ 4@?E:?F6 E@ <66A 72C> @A6C2E@CD :?7@C>65 23@FE E96D6 <6J :DDF6D[ 2?5 H92E E96 :>A24ED >:89E 36 @? E96:C 72C> @A6C2E:@?D :? E96 7FEFC6]k^Am