kAm“~?6 J62C 28@ E@52J[ x H2D DH@C? :? 2?5 E@@< @? E96 5FE:6D @7 E9:D @77:46[” E96 yF?62F #6AF3=:42? k2 9C67lQ9EEADi^^EH:EE6C]4@>^u:EK86C2=5u@C(x^DE2EFD^`cfg``ba_``h`dhe_bb^A9@E@^`Q E2C86ElQ03=2?<QmEH66E65k^2m H:E9 2 46C6>@?:2= A:4EFC6 @7 9:> E2<:?8 9:D @2E9 2E E96 &]$] r2A:E@= 3F:=5:?8 @? y2?] b[ a_a`]k^Am

kAmu:EK86C2=5 ?665D E@ C625 E92E @2E9 282:? — 2?5 E2<6 :E D6C:@FD=J E9:D E:>6] u:EK86C2=5 DH@C6 E@ “DFAA@CE 2?5 5676?5 E96 r@?DE:EFE:@?” 2?5 “362C ECF6 72:E9 2?5 2==68:2?46 E@ E96 D2>6[” H9:=6 “72:E97F==J 5:D492C8:?8” 9:D C6DA@?D:3:=:E:6D 2D 2 D6CG2?E @7 E96 A6@A=6]k^Am

kAmw:D 4@>>:E>6?E E@ E9@D6 AC:?4:A=6D =2DE65 2== @7 E9C66 52JD]k^Am

kAm~? y2?] e[ a_a`[ 2?5 :?E@ E96 H66 9@FCD @7 E96 ?6IE >@C?:?8[ u:EK86C2=5 D92>67F==J EC:65 E@ 3=@4< pC:K@?2’D 2?5 !6??DJ=G2?:2’D G@E6D 7C@> 36:?8 4@F?E65 :? E96 7:?2= 46CE:7:42E:@? 7@C AC6D:56?E] %96 C@@<:6 4@?8C6DD>2? 6G6? D2:5 96 H@F=5 92G6 G@E65 E@ 5:D6?7C2?49:D6 (:D4@?D:? G@E6CD :7 8:G6? E96 492?46 — k2 9C67lQ9EEADi^^EH:EE6C]4@>^$4@EE|:=7C65^DE2EFD^`cfg`afacd`fegccaheQ E2C86ElQ03=2?<Qm@3;64E:?8 E@ E96 G6CJ 6=64E:@?k^2m E92E =65 E@ 9:> 36:?8 DH@C? :?]k^Am

kAm'@E6CD — 6DA64:2==J E9@D6 :? (:D4@?D:?’D dE9 r@?8C6DD:@?2= s:DEC:4E[ H9:49 :?4=F56D y6776CD@?[ (2D9:?8E@? 2?5 A2CED @7 s@586 2?5 (2F<6D92 4@F?E:6D — D9@F=5 ?6G6C 7@C86E 9:D 36EC2J2= @7 p>6C:42? 56>@4C24J]k^Am

kAm%96 D2>6 8@6D 7@C G@E6CD :? ?@CE96C? (:D4@?D:?’D fE9 r@?8C6DD:@?2= s:DEC:4E[ H9@D6 &]$] #6A] %@> %:772?J[ #\|:?@4BF2[ D:>:=2C=J D@F89E E@ @G6CEFC? 2 7C66 2?5 72:C 6=64E:@?] u:EK86C2=5 2?5 %:772?J H6C6 2>@?8 >@C6 E92? `__ #6AF3=:42?D H9@ H:== 8@ 5@H? :? 9:DE@CJ 2D EC2:E@CD E@ 56>@4C24J] tG6? 27E6C G:@=6?E >@3D DE@C>65 E96 &]$] r2A:E@= E@ ECJ E@ DE@A E96 46CE:7:42E:@? @7 !C6D:56?E\6=64E y@6 q:56?’D G:4E@CJ @? y2?] e[ a_a`[ u:EK86C2=5 2?5 %:772?J DE:== G@E65 282:?DE E96 6=64E:@? C6DF=ED 32D65 @? =:6D 2?5 4@?DA:C24J E96@C:6D] %96J 72G@C65 E96 72?E2D:6D @7 2 E6CC:3=J 7=2H65 2?5 56762E65 !C6D:56?E s@?2=5 %CF>A @G6C E96 H:== @7 E96 p>6C:42? A6@A=6]k^Am

kAmyF586D — D@>6 2AA@:?E65 3J %CF>A — :? >@C6 E92? e_ 4@FCE 42D6D[ >F=E:A=6 C64@F?ED[ 6=64E:@? 2F5:ED 2?5 C6G:6HD 92G6 5:D>:DD65 %CF>A’D 3@8FD 4=2:>D E92E 96 H@?] *6E E96 9F4<DE6C C62=:EJ %' DE2C EFC?65 =6256C @7 E96 7C66 H@C=5 7@C 7@FC =@?8 J62CD DE:== C67FD6D E@ 2446AE 9:D 56762E — D6EE:?8 FA 2?@E96C A@E6?E:2= 4@?DE:EFE:@?2= 4C:D:D :? a_ac]k^Am

kAmu:EK86C2=5[ %:772?J[ &]$] $6?] #@? y@9?D@?[ #\~D9<@D9[ 2?5 >@DE #6AF3=:42? =6256CD :? (2D9:?8E@? D66> >@C6 E92? 92AAJ E@ A=2J 2=@?8 H:E9 %CF>A’D 72=D69@@5D[ F?56C>:?:?8 ECFDE :? @FC DJDE6> @7 8@G6C?>6?E 2?5 7@>6?E:?8 5:G:D:@?] p?5 E96:C 4@>A=:4:EJ F?5@F3E65=J 4@?EC:3FE65 E@ E96 >:D:?7@C>65 >2DD6D H9@ 2EE24<65 E96 &]$ r2A:E@= @?6 J62C 28@ E@52J[ 7@==@H:?8 %CF>A’D @C56CD 2E 2 C2==J @FED:56 E96 (9:E6 w@FD6 E@ 8@ E@ E96 r2A:E@= 2?5 “k2 9C67lQ9EEADi^^HHH]?AC]@C8^a_a`^_a^`_^heebhegcg^C625\ECF>AD\;2?\e\DA6649\2\<6J\A2CE\@7\:>A6249>6?E\EC:2=Q E2C86ElQ03=2?<Qm7:89E =:<6 96==k^2m]”k^Am

kAm%96 y2?] e 2EE24< H2D ?@E9:?8 D9@CE @7 2? 2EE6>AE65 4@FA] %96 2?8CJ >@3D k2 9C67lQ9EEADi^^HHH]724E4964<]@C8^a_a`^``^9@H\>2?J\5:65\2D\2\C6DF=E\@7\42A:E@=\C:@EQ E2C86ElQ03=2?<Qm362E A@=:46 @77:46CDk^2m H:E9 3=F?E @3;64ED[ D>2D965 2? @77:46C 36EH66? 5@@CD 2?5 =67E >@C6 E92? `__ =2H 6?7@C46>6?E @77:4:2=D :?;FC65[ 6G6?EF2==J C2?D24<:?8 E96 492>36CD 2?5 @77:46D @7 r@?8C6DD] p H@>2? ECJ:?8 E@ 7@C46 96C H2J :?E@ E96 w@FD6 492>36C[ H96C6 >6>36CD @7 r@?8C6DD H6C6 D96=E6C:?8 7@C AC@E64E:@?[ H2D D9@E 2?5 =2E6C 5:65] ~?6 @77:46C 5:65 @7 2 DEC@<6] (:E9:? 52JD[ EH@ @77:46CD 4@>>:EE65 DF:4:56]k^Am

kAm%96 2EE6>AE E@ DE@A @FC 56>@4C24J 3J 3CFE6 7@C46 6G6? :?4=F565 492?ED E@ 92?8 |:<6 !6?46[ %CF>A’D G:46 AC6D:56?E[ 7@C 7F=7:==:?8 9:D 4@?DE:EFE:@?2= 5FEJ] !6?46 k2 9C67lQ9EEADi^^2A?6HD]4@>^2CE:4=6^;@6\3:56?\>:4926=\A6?46\4@?DE:EFE:@?D\8@G6C?>6?E\2?5\A@=:E:4D\2g6ah23a4e34d2d7645h6cabe63g7b4bQ E2C86ElQ03=2?<Qm46CE:7:65 q:56?’D 6=64E:@?k^2m[ ;FDE 2D q:56? 925 46CE:7:65 %CF>A’D G:4E@CJ :? a_`e H96? q:56? H2D G:46 AC6D:56?E]k^Am

kAm%9@F89 y@9?D@? 492?865 9:D >:?5 9@FCD 27E6C E96 y2?] e :?DFC86?4J 2?5 G@E65 H:E9 >@DE >6>36CD @7 r@?8C6DD E@ 46CE:7J q:56?’D 6=64E:@?[ y@9?D@? H2D k2 9C67lQ9EEAQ E2C86ElQ03=2?<Qm@?6 @7 %CF>A’D C:?8=6256CDk^2m :? E96 A=@E =625:?8 FA E@ E96 r2A:E@= 2EE24<] p?5 E@ E9:D 52J[ y@9?D@? 4@?E:?F6D E@ 5@H?A=2J E96 D6C:@FD?6DD @7 E9:D 9:DE@C:4 p>6C:42? ?:89E>2C6]k^Am

kAm'@E6CD 24C@DD (:D4@?D:? D9@F=5 C6>6>36C y@9?D@?’D 72:=65 =6256CD9:A :7 96 D66<D 2 E9:C5 E6C>] y@9?D@? @?=J E@=5 E96 ECFE9 E92E %CF>A =@DE — “%96C6’D ?@E9:?8 @3G:@FD=J D<6H65 23@FE E96 C6DF=ED” — H96? k2 9C67lQ9EEADi^^>25:D@?]4@>^HD;^@A:?:@?^65:E@C:2=^8:G6\:E\FA\823=6>2?^2CE:4=604e66df3d\4ggc\ddhg\g76h\f3eb62_dcg33]9E>=Q E2C86ElQ03=2?<Qm42F89E @? 9:556? 42>6C2k^2m 2E 2 #6AF3=:42? !2CEJ 6G6?E =2DE pF8FDE]k^Am

kAmx7 y@9?D@? k2 9C67lQ9EEADi^^>25:D@?]4@>^HD;^@A:?:@?^65:E@C:2=^C@?\;@9?D@?\DA@FED\9:D\H@CDE\:562\J6E^2CE:4=60b_haf2e4\7224\d7ga\2hd5\76dcb44363dh]9E>=Q E2C86ElQ03=2?<Qm5@6D D66< Ck^2mk2 9C67lQ9EEADi^^>25:D@?]4@>^HD;^@A:?:@?^65:E@C:2=^C@?\;@9?D@?\DA@FED\9:D\H@CDE\:562\J6E^2CE:4=60b_haf2e4\7224\d7ga\2hd5\76dcb44363dh]9E>=Q E2C86ElQ03=2?<Qm66=64E:@? E9:D 72==k^2m — 6G6? E9@F89 96 E@=5 G@E6CD 5FC:?8 9:D =2DE 42>A2:8? E92E 96 H@F=5?’E CF? 282:? — 2 AC:?4:A=65 2?5 9@?6DE #6AF3=:42? D9@F=5 492==6?86 9:> :? E96 v~! AC:>2CJ[ ;@:?:?8 2 k2 9C67lQ9EEADi^^>25:D@?]4@>^HD;^A@542DE^46?E6C\DE286\H9:49\56>@4C2E\92D\E96\36DE\D9@E\E@\362E\C@?\;@9?D@?^2CE:4=603a`5fabf\7h65\d7_5\32cb\63_a6fb6c3_e]9E>=Q E2C86ElQ03=2?<Qm36GJ @7 s6>@4C2E:4 42?5:52E6Dk^2m 9@A:?8 E@ 56762E 9:>]k^Am

kAm%96 D2>6 8@6D 7@C u:EK86C2=5 2?5 %:772?J[ H9@ 5@?’E 56D6CG6 E96:C A@D:E:@?D] #6AF3=:42? G@E6CD H9@ H2?E E96:C A2CEJ E@ C6EFC? E@ :ED 4@?D6CG2E:G6 G2=F6D @7 C6DA64E:?8 EC25:E:@?[ =:>:E:?8 E96 C6249 @7 8@G6C?>6?E 2?5 42C67F==J DA6?5:?8 >@?6J — C2E96C E92? 42E6C:?8 E@ %CF>A’D 68@[ H9:>D 2?5 5646AE:@? — ?665 E@ DE2?5 FA] %96J ?665 E@ E6== %CF>A’D 2A@=@8:DED 2?5 6?23=6CD :? (:D4@?D:?’D 4@?8C6DD:@?2= 56=682E:@? :E’D E:>6 E@ 8@] p>6C:42 ?665D 9@?@C23=6 AF3=:4 D6CG2?ED E@ DFCG:G6]k^Am

k2D:56 4=2DDlQE?4>D\:?=:?6\C6=4@?E6?E E?4>D\:?=:?6\C6=4@?E6?E\:?7@ E?4>D\:?=:?6\2=:8?>6?E\46?E6C E?4>D\:?=:?6\H:5E9\7F==Qmk9cm(:D4@?D:? $E2E6 y@FC?2= 65:E@C:2= 3@2C5k^9cmkAm%96 G:6HD 6IAC6DD65 :? E96 65:E@C:2=D 2C6 D92A65 3J E96 3@2C5[ :?56A6?56?E @7 ?6HD 4@G6C286 564:D:@?D 6=D6H96C6 :? E96 ?6HDA2A6C]k^Am kAm$%puu |t|qt#$k^Am kAmk2 9C67lQ9EEADi^^>25:D@?]4@>^HD;^?6HD^=@42=^49C:D\H9:E6\E2AA65\E@\=625\H:D4@?D:?\DE2E6\;@FC?2=\=66\6I64FE:G6\E@\36\`eE9\AF3=:D96C\:?^2CE:4=603a7hh76f\b_ed\d6e2\g52b\_`4he3bbgah7]9E>=Q E2C86ElQ03=2?<Qmrw#x$%~!wt# %] (wx%tk^2m[ !C6D:56?E 2?5 AF3=:D96Ck^Am kAmk2 9C67lQ9EEADi^^>25:D@?]4@>^HD;^?6HD^=@42=^;2D@?\25C:2?D\?2>65\?6H\6I64FE:G6\65:E@C\@7\H:D4@?D:?\DE2E6\;@FC?2=^2CE:4=60`5geh77d\f46_\d2ga\3ga3\d4d`67d7fgcf]9E>=Q E2C86ElQ03=2?<Qmyp$~} ps#xp}$k^2m[ t5:E@Ck^Am kAmk2 9C67lQ9EEADi^^>25:D@?]4@>^FD6CD^AC@7:=6^D4@EETa_>:=7C65^Q E2C86ElQ03=2?<Qm$r~%% |x{u#tsk^2m[ t5:E@C:2= A286 65:E@Ck^Am kAmk2 9C67lQ9EEADi^^>25:D@?]4@>^FD6CD^AC@7:=6^A9:=Ta_92?5D^Q E2C86ElQ03=2?<Qm!wx{ wp}s$k^2m[ t5:E@C:2= 42CE@@?:DEk^Am kAmr~||&}x%* |t|qt#$k^Am kAmk2 9C67lQ9EEADi^^>25:D@?]4@>^H2E49\?@H\>66E\;2?:?6\86D<6^G:56@02a5c3_eh\5a3a\d`f`\3dcb\_35h5c2g3bb2]9E>=Q E2C86ElQ03=2?<Qmyp}x}t vt$ztk^2mk^Am kAmk2 9C67lQ9EEADi^^>25:D@?]4@>^H2E49\?@H\>66E\DFD2?\D49>:EK^G:56@055ecegg5\dg``\d2bh\3623\_bhc673a_5`5]9E>=Q E2C86ElQ03=2?<Qm$&$p} $rw|x%+k^2mk^Am kAmk2 9C67lQ9EEADi^^>25:D@?]4@>^H2E49\?@H\>66E\H2J?6\DEC@?8^G:56@0ca7a5__f\_gd4\d_f2\23`a\_hcb4eacfdd7]9E>=Q E2C86ElQ03=2?<Qm(p*}t $%#~}vk^2mk^Amk^2D:56m