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#NKECVGUWPKXGTUCNGU                                       
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/KPKCNKECVGWPKXGTUCN                                     

#NKECVGUWPKXGTUCNGUp.KPGOCPnU2NKGTUq                         

#NKECVGURCTCKPUVCNCEKQPGUGNÅEVTKECU                          

#NKECVGUFGGNGEVTKEKUVC                                     

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CNKECVGURCTCLQ[GTÉC                                      
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RCTCECDNGUFG%W[#NFGJCUVCZOOŽ´OO
■ /GECPKUOQFGEKGTTGKPVGNKIGPVGGPNQUOQFGNQUEQPOWGNNGFG

CRGTVWTCCWVQO½VKECRCTCVTCDCLCTUKPPGEGUKFCFFGCDTKT
       EQORNGVCOGPVGNQUCNKECVGU'NHKNQRGTOCPGEGEGTTCFQ[RTQVGIKFQ
■ %CDG\CGUDGNVCRCTCHCEKNKVCTGNVTCDCLQGP\QPCUFGFKHÉEKNCEEGUQ

■ #TVKEWNCEKÏPCVQTPKNNCFCRTGEKUQUKPJQNIWTCUCNVTCDCLCT

EQPGNCNKECVG
■ #EGTQGURGEKCNRCTCJGTTCOKGPVCUHQTLCFQ[VGORNCFQCNCEGKVG


       


'NUKUVGOCFGDNQSWGQCEVKXCFQOCPVKGPGNQUHKNQUFGEQTVGEGTTCFQUOKGPVTCUSWG
UGEQPUGTXCPNCUFGO½UHWPEKQPGUGNOGECPKUOQFGEKGTTGKPVGNKIGPVGRGTOKVG
pCICTTCTqUKPCDTKTNQUCNKECVGU'NHKNQRGTOCPGEGEGTTCFQ[RTQVGIKFQ


      


       


        


#.+%#6'5/7.+6(70%+¯0

5WRGTHKEKGFGCICTTGNKUC
RCTCCICTTCTCRNCPCT[TGFQPFGCTUKPFCÍCT

5WRGTHKEKGFGCICTTGRGTHKNCFCCRNCPCFC
RCTCWPCICTTGO½UHWGTVG[ECWUCPFQOGPQUFGURGTHGEVQU

%CPVQGZVGTKQTOCTECFQ
RCTCFGUDCTDCT[GPUCPEJCTQTKHKEKQU

1TKHKEKQFGSWGOCFQT
RCTCCICTTCTRKG\CUTGFQPFCU[ECDNGU
*GPFKFWTCRCTCGPVCNNCLGWPKXGTUCN
RCTCRWPVGTCUFGCOOŽ

2GNCT
RCTCEQPFWEVQTGUFGEQDTGFGJCUVC
[FGOOŽ

%QTVCECDNGU
RCTCEQTVCTECDNGUFGEQDTGJCUVC
´OO
ZOOŽ

6TKPSWGVGFGDNQSWGQCEVKXCFQ
OCPVKGPGNQUHKNQUFGEQTVGEGTTCFQU
OKGPVTCUSWGUGEQPUGTXCPNCUFGO½U
HWPEKQPGU

%CRCEKFCFFGEQTVG
%CRCEKFCFFG
0ÖOFG '#0 RGNCFQRCTC %CRCEKFCF
CTVÉEWNQ  OO #NKECVG %CDG\C /CPIQU ´OO OOŽ EQPFWEVQTGUOOŽ OOŽ I
   PGITQCVTCOGPVCFQ RWNKFC TGEWDKGTVQUFGRN½UVKEQ     
   PGITQCVTCOGPVCFQ RWNKFC EQPHWPFCUGPFQUEQORQPGPVGU     
CKUNCFQUEQPHWPFCUGPFQUEQORQPGPVGU
   ETQOCFQ     
UGIÖPPQTOC8&'
   PGITQCVTCOGPVCFQ RWNKFC TGEWDKGTVQUFGRN½UVKEQ     
   PGITQCVTCOGPVCFQ RWNKFC EQPHWPFCUGPFQUEQORQPGPVGU     
 CKUNCFQUEQPHWPFCUGPFQUEQORQPGPVGU
   ETQOCFQ     
UGIÖPPQTOC8&'


#.+%#6'5/7.+6(70%+¯0

#NKECVGUFGGNGEVTKEKUVC ■


'NCNKECVGKFGCNRCTCVTCDCLCTEQPECDNGU
2CTCUWLGVCT[FQDNCTCNCODTG
■ 2CTCEQTVCTCNCODTGDNCPFQUGOKFWTQ[FWTQ

■ (KNQUFGEQTVGVGORNCFQUCFKEKQPCNOGPVGRQTKPFWEEKÏP

&WTG\CCRTQZKOCFCFGNQUHKNQU*4%
■ #IWLGTQUFGRGNCFQRTGEKUQU

■ 2CTCGPVCNNCTRWPVGTCU

■ #EGTQGNÅEVTKEQCNXCPCFKQHQTLCFQVGORNCFQCNCEGKVG


  


  

5WLGVCT %QTVCT


  

2GNCT 'PVCNNCFGCOOŽ

%CRCEKFCFFGEQTVG
0ÖOFG '#0 %CRCEKFCFFGEQTVG
CTVÉEWNQ  OO #NKECVG %CDG\C /CPIQU ´OO ´OO OOŽ I
     PGITQCVTCOGPVCFQ RWNKFC TGEWDKGTVQUFGRN½UVKEQ    
      PGITQCVTCOGPVCFQ RWNKFC EQPHWPFCUGPFQUEQORQPGPVGU    
     ETQOCFQ EQPHWPFCUGPFQUEQORQPGPVGU    


#.+%#6'5/7.+6(70%+¯0

#NKECVGUEQPDQECUTGFQPFCUEQP ■ 2CTCCNCODTGHKPQ[VTCDCLQU
FGLQ[GTÉC
HKNQUFGEQTVG
CNKECVGURCTCLQ[GTÉC ■ +FGCNRCTCVTCDCLQUFGFQDNCT[

&+0+51 EQTVCTVCODKÅPGPGNGEVTÏPKEC
■ 2CTCHQTOCTCTQUFGCNCODTG

■ $QECUTGFQPFCUEQPRWPVCU

HKPCOGPVGCOQNCFCU
■ (KNQUFGEQTVGVGORNCFQU

CFKEKQPCNOGPVGRQTKPFWEEKÏP
&WTG\CCRTQZFGNQUHKNQU*4%
■ #EGTQGNÅEVTKEQCNXCPCFKQ

  
HQTLCFQVGORNCFQCNCEGKVG

%CRCEKFCFFGEQTVG &KOGPUKQPGU
0ÖOFG '#0 & . 6 9 9
CTVÉEWNQ  OO #NKECVG %CDG\C /CPIQU ´OO ´OO OO OO OO OO OO I
     PGITQCVTCOGPVCFQ RWNKFC TGEWDKGTVQUFGRN½UVKEQ        
      ETQOCFQ  TGEWDKGTVQUFGRN½UVKEQ        


#NKECVGEQPDQECURNCPCUEQPHKNQU ■ +PFKECFQRCTCVTCDCLQUFG
CICTTG[EQTVGGPNCOGE½PKEC
FGEQTVG
CNKECVGFGRTGEKUKÏPRCTCOGE½PKEQU FGRTGEKUKÏP
■ /QTFC\CURNCPCUNCTICUSWG
&+0+51
UGGUVTGEJCP
■ (KNQUFGEQTVGVGORNCFQU

CFKEKQPCNOGPVGRQTKPFWEEKÏP
&WTG\CCRTQZFGNQUHKNQU*4%
■ #EGTQGURGEKCNRCTCJGTTCOKGP

 VCUHQTLCFQ[VGORNCFQCNCEGKVG
  

%CRCEKFCFFGEQTVG &KOGPUKQPGU
0ÖOFG '#0 6 . 9 9 6
CTVÉEWNQ  OO %CDG\C /CPIQU ´OO ´OO OO OO OO OO OO I
     RWNKFC TGEWDKGTVQUFGRN½UVKEQ        


#NKECVGFGOQPVCLGEQPEQTVGEGPVTCN ■


4GVKGPG[UGRCTCEQPFWEVQTGUGPECDNGUOÖNVKRNGU
%QPEQTVGEGPVTCNRCTCCNCODTGDNCPFQ

CNKECVGRCTCVGNÅHQPQ ■ $QECUUGOKTGFQPFCU

■ 5WRGTHKEKGFGNCUDQECUTC[CFC
&+0+51 ■ #EGTQGNÅEVTKEQCNETQOQXCPCFKQHQTLCFQVGORNCFQCNCEGKVG


  

&KOGPUKQPGU
0ÖOFG '#0 . 9 6 9 6
CTVÉEWNQ  OO %CDG\C /CPIQU OO OO OO OO OO I
     RWNKFC TGEWDKGTVQUFGRN½UVKEQ      


#.+%#6'5/7.+6(70%+¯0

#NKECVGUFGOQPVCLG ■


#FGEWCFQRCTCVTCDCLQUFGCICTTG[EQTVGFGRTGEKUKÏP
$QECUUGOKTGFQPFCUCRWPVCFCU
EQPHKNQUFGEQTVG
CNKECVGUFGTCFKQ ■ 5WRGTHKEKGFGNCUDQECUTC[CFC

■ %QPHKNQURCTCCNCODTGDNCPFQUGOKFWTQ[FWTQ
&+0+51
■ (KNQUFGEQTVGVGORNCFQUCFKEKQPCNOGPVGRQTKPFWEEKÏP

&WTG\CCRTQZFGNQUHKNQU*4%
■ #EGTQGNÅEVTKEQCNXCPCFKQHQTLCFQVGORNCFQCNCEGKVG


  


  


    


  40°    

%CRCEKFCFFGEQTVG &KOGPUKQPGU
0ÖOFG '#0 . . 9 6 9 6
CTVÉEWNQ  OO #NKECVG %CDG\C /CPIQU ´OO ´OO OO OO OO OO OO OO I
           
PGITQ
     RWNKFC TGEWDKGTVQUFGRN½UVKEQ        
CVTCOGPVCFQ
           
   PGITQ EQPHWPFCUGPFQU        
   RWNKFC
   CVTCOGPVCFQ EQORQPGPVGU         

     ETQOCFQ TGEWDKGTVQUFGRN½UVKEQ        

    EQPHWPFCUGPFQU         
   ETQOCFQ
   EQORQPGPVGU        
CKUNCFQUEQPHWPFCU 
     ETQOCFQ GPFQUEQORQPGPVGU        
 
UGIÖPPQTOC8&'
40°    PGITQ
   RWNKFC TGEWDKGTVQUFGRN½UVKEQ         
 CVTCOGPVCFQ
40°    EQPHWPFCUGPFQU
   ETQOCFQ         
EQORQPGPVGU
   CKUNCFQUEQPHWPFCU
   40°    ETQOCFQ GPFQUEQORQPGPVGU         
 UGIÖPPQTOC8&'


#.+%#6'5/7.+6(70%+¯0

#NKECVGUFGOQPVCLG 2WPVCUGN½UVKECU
GUVCDKNKFCFCUGIWTCFCKPENWUQGPECUQFGVQTUKÏP
EQPHKNQUFGEQTVG
CNKECVGUFGDQECEKIØGÍC
■ 2WPVCUFGRTGEKUKÏPGN½UVKECUEQPVQNGTCPEKCFGVQTUKÏP
&+0+51 ■ /QTFC\CURNCPCU[TGFQPFCUNCTICU[EQPVGTOKPCEKÏPGPRWPVC
■ %QPHKNQU
FWTG\CFGCRTQZ*4% RCTCCNCODTGDNCPFQ

UGOKFWTQ[FWTQ
■ #EGTQGNÅEVTKEQCNXCPCFKQHQTLCFQVGORNCFQCNCEGKVG


  


  


40°    


  40°    

%CRCEKFCFFGEQTVG &KOGPUKQPGU
0ÖOFG '#0 . . 6 9 9 6
CTVÉEWNQ  OO #NKECVG %CDG\C /CPIQU ´OO ´OO OO OO OO OO OO OO I
PGITQ 
     RWNKFC TGEWDKGTVQUFGRN½UVKEQ        
CVTCOGPVCFQ
PGITQ EQPHWPFCUGPFQU
      RWNKFC        
CVTCOGPVCFQ EQORQPGPVGU

     ETQOCFQ TGEWDKGTVQUFGRN½UVKEQ        

 EQPHWPFCUGPFQU
      ETQOCFQ        
EQORQPGPVGU
CKUNCFQUEQPHWPFCU 
      ETQOCFQ GPFQUEQORQPGPVGU        

UGIÖPPQTOC8&'
 CKUNCFQURQTKPOGTUKÏP
      ETQOCFQ GPRN½UVKEQTGHQT\CFQ        
 
UGIÖPPQTOC8&'
PGITQ
   40°    RWNKFC TGEWDKGTVQUFGRN½UVKEQ         
CVTCOGPVCFQ
PGITQ EQPHWPFCUGPFQU
   40°     RWNKFC         
CVTCOGPVCFQ EQORQPGPVGU
EQPHWPFCUGPFQU
   40°    ETQOCFQ         
EQORQPGPVGU
 CKUNCFQUEQPHWPFCU
 
   40°    
ETQOCFQ GPFQUEQORQPGPVGU
UGIÖPPQTOC8&'
        

CKUNCFQURQTKPOGTUKÏP
 
   40°    ETQOCFQ GPRN½UVKEQTGHQT\CFQ
UGIÖPPQTOC8&'
        


'.510+&1 .QUUKDCTKVCUCOCPVGUFGNCOÖUKECKPUKUVGP
GPGNXKPKNQRQTSWGGNUQPKFQFGNQUFKUEQU
CWVÅPVKEQUJCUVCNCHGEJCPQJCRQFKFQUGT

2'4('%61
UWRGTCFQ%QOQQDTCUOCGUVTCUFGNCKPIG
PKGTÉCNQUOQFGTPQUVQECFKUEQU[UKUVGOCU
FG UQPKFQ EQPXKGTVGP GN OQXKOKGPVQ FG NC
CIWLCGPWPUQPKFQKORTGUKQPCPVG0WGUV

&'.15&+5%15
TQU CNKECVGU RCTC RGNCT ECDNGU EQPVTKDW[GP
C GNNQ RTGRCTCPFQ GN JKNQ EQPFWEVQT RCTC
NCEQPGZKÏPGPVTGGNTGRTQFWEVQT[NQUCNVC
XQEGUEQPGPVCNNCFQUGZCEVQU0QGUSWGNQU
CNKECVGU -0+2': UGRCP TGRTQFWEKT OÖUKEC
RGTQUÉUCDGPEQOQOCTECTGNEQOR½U


#NKECVGURGNCECDNGU
2GNCOCPIWGTCU

#NKECVGURGNCECDNGU                                    
6KLGTCRGNCECDNGURCTCGNGEVTÏPKEC                           
2GNCECDNGURCTCGNGEVTÏPKEC                               
#NKECVGURGNCECDNGUFGEQTVGFKCIQPCN                        
#NKECVGURGNCECDNGUFGRTGEKUKÏP                            
#NKECVGURGNCECDNGUEQPEWEJKNNCUFGHQTOCRTGEKUC               
/WNVK5VTKR                                         
#NKECVGURGNCECDNGUCWVQCLWUVCDNGU                          
#NKECVGRGNCECDNGUCWVQO½VKEQ                             
#NKECVGRGNCECDNGUCWVQO½VKEQRCTCECDNGURNCPQU                
/KPKRGNCECDNGU                                       
2GNCECDNGURCTCECDNGUFGHKDTCÏRVKEC                        
2GNCECDNGURCTCHKDTCÏRVKEC                               
2KP\CRGNCECDNGU                                      
#NKECVGURGNCECDNGU                                     

2GNCOCPIWGTCU                                       
*GTTCOKGPVCRCTCRGNCTECDNGUEQCZKCNGU                      
2GNCOCPIWGTCURCTCECDNGURNCPQU[TGFQPFQU                  
2GNCOCPIWGTCURCTCECDNGUFGFCVQU                         
2GNCOCPIWGTCUWPKXGTUCNGU                               
2GNCOCPIWGTCUWPKXGTUCNRCTCECDNGUFGEQPUVTWEEKÏPGKPFWUVTKC     

.QUECDNGUGJKNQUUGVKGPGPSWGRGNCT
EQP RTGEKUKÏP RCTC NCU CRNKECEKQPGU
O½U FKXGTUCU .QU CNKECVGU RCTC RGNCT
[NCUJGTTCOKGPVCURCTCRGNCT-0+2':
UGGPECTICPFGSWGCUÉUGC


#.+%#6'52'.#%#$.'5

#NKECVGURGNCECDNGU ■ 2CTCJKNQUEQPFWEVQTGUUKORNGUOÖNVKRNGU[HKPQUEQPRN½UVKEQ
QCKUNCPVGFGIQOCFGO½ZKOQOOFGFK½OGVTQQOOŽ
FGUGEEKÏPFGECDNG
■ (½EKNCLWUVGCNFK½OGVTQFGNECDNGOGFKCPVGVWGTECKPVGTKQT

■ #EGTQGURGEKCNRCTCJGTTCOKGPVCUHQTLCFQVGORNCFQCNCEGKVG











  
%CRCEKFCFFGEQTVG
0ÖOFG '#0
CTVÉEWNQ  OO #NKECVG %CDG\C /CPIQU ´OO OOŽ #9) I
   PGITQCVTCOGPVCFQ RWNKFC TGEWDKGTVQUFGRN½UVKEQ    
    PGITQCVTCOGPVCFQ RWNKFC EQPHWPFCUGPFQUEQORQPGPVGU    
   ETQOCFQ EQPHWPFCUGPFQUEQORQPGPVGU    
 CKUNCFQUEQPHWPFCUGPFQU
      ETQOCFQ    
EQORQPGPVGUUGIÖPPQTOC8&'
CKUNCFQURQTKPOGTUKÏPGPRN½UVKEQ
     ETQOCFQ    
TGHQT\CFQUGIÖPPQTOC8&'
    PGITQCVTCOGPVCFQ RWNKFC EQPHWPFCUGPFQUEQORQPGPVGU    
CKUNCFQURQTKPOGTUKÏPGPRN½UVKEQ
    ETQOCFQ    
TGHQT\CFQUGIÖPPQTOC8&'


 6KLGTCRGNCECDNGURCTCGNGEVTÏPKEC ■ 2CTCEQTVCT[RGNCTEQPFWEVQTGU
FGWPQ[XCTKQUJKNQU[FGJKNQHKPQ
EQPFK½OGVTQUFGNEQPFWEVQTFG
JCUVCOO
■ (½EKNCLWUVGCNFK½OGVTQFGNECDNG

OGFKCPVGVWGTECKPVGTKQT
■ %QPOWGNNGFGCRGTVWTC

■ #EGTQGURGEKCNRCTCJGTTCOKGPVCU


VGORNCFQCNCEGKVG
 

0ÖOFG '#0 %CRCEKFCFFGEQTVG


CTVÉEWNQ  OO %CDG\C /CPIQU ´OO I
    RWNKFC EQPHWPFCUGPFQUEQORQPGPVGU  


#.+%#6'52'.#%#$.'5

 2GNCECDNGURCTCGNGEVTÏPKEC ■ 2CTCECDNGUEQPEQPFWEVQTGUHKPQUWPKVCTKQU[OÖNVKRNGUFG
JCUVCOOFGFK½OGVTQEQPCKUNCOKGPVQFGRN½UVKEQ[IQOC
■ (½EKNCLWUVGCNFK½OGVTQFGNECDNGOGFKCPVGVWGTECKPVGTKQT

■ %QPOWGNNGFGCRGTVWTC

■ 'NRWNKFQGURGLQGPEQODKPCEKÏPEQPWPCHKPCRGNÉEWNCFGCEGKVG

NGQHTGEGNCOGLQTICTCPVÉCFGRTQVGEEKÏPEQPVTCNCQZKFCEKÏP
GXKVCPFQEQTVQEKTEWKVQURQTGNFGUECUECTKNNCFQFGNETQOCFQ
■ #EGTQGURGEKCNRCTCJGTTCOKGPVCUHQTLCFQVGORNCFQCNCEGKVG


 

'#0 %CRCEKFCFFGEQTVG
0ÖOFGCTVÉEWNQ  OO %CDG\C /CPIQU ´OO I
    URKGIGNRWNKFC EQPHWPFCUGPFQUEQORQPGPVGU  


#NKECVGURGNCECDNGUFGEQTVGFKCIQPCN %QPHKNQUFGEQTVGCORNKCFQU
/GLQTVTCPUOKUKÏPRCTCWPO½UFGECRCEKFCFFGEQTVG

■ #IWLGTQURTGEKUQURCTCRGNCTECDNGUFGEQPFWEVQTGUWPKVCTKQU
FG[OOŽ
■ %QTVGEÏOQFQFGECDNGU0;/FGJCUVCZOOŽ

■ 2WPVCUNCTICURCTCVTCDCLQUFGEQTVGOW[HKPQUKPENWUQGP

½TGCUFGFKHÉEKNCEEGUQ
 ■ (KNQUFGEQTVGFGRTGEKUKÏPVGORNCFQURQTKPFWEEKÏP

 FWTG\CCRTQZFGNQUHKNQUFGEQTVG*4%
■ #EGTQGNÅEVTKEQCNXCPCFKQHQTLCFQVGORNCFQCNCEGKVG




(KNQFGEQTVG
(KNQFGEQTVGCNCTICFQ

/GLQTTGNCE
/GLQTTGNCEKÏPFG
VTCPUOKUKÏP


  

%CRCEKFCFFGEQTVG
0ÖOFG '#0 %CRCEKFCFFG
CTVÉEWNQ  OO #NKECVG %CDG\C /CPIQU EQTVGOOŽ #9) ´OO ´OO I
PGITQCVTC
   RWNKFC EQPHWPFCUGPFQUEQORQPGPVGU       
OGPVCFQ
    ETQOCFQ  EQPHWPFCUGPFQUEQORQPGPVGU       
  CKUNCFQUEQPHWPFCUGPFQU
   ETQOCFQ      
EQORQPGPVGUUGIÖPPQTOC8&'


#.+%#6'52'.#%#$.'5

 #NKECVGURGNCECDNGUFGRTGEKUKÏP
2TGEKUQ[HKCDNG
EQPEWEJKNNCUFGHQTOCRTGEKUC &QURCTGUFGEWEJKNNCU
 
EQTVCPGNCKUNCPVG
EQORNGVCOGPVG
'PVQPEGUGNRCTFGEWEJKNNCU
CEVWCP[UGRCTCPGNCKUNCPVG
 
'NCNKECVGUGCDTGCWVQO½VKEC
OGPVGFGURWÅUFGNRTQEGUQFG
RGNCFQ

■ 2GNCFQGPHQTOCFGCTTCUVTGKPENWUQFGOCVGTKCNGUCKUNCPVGU
 FKHÉEKNGUFGRGNCTFG26('UKNKEQPC4CFQZŠ-CRVQPŠ[IQOC
 VCODKÅPFGXCTKCUECRCU
■ 7PUGIWPFQRCTFGEWEJKNNCUUWLGVCHKCDNGOGPVGGNCKUNCOKGPVQ

TGUVCPVG
■ %WEJKNNCUFGHQTOCCLWUVCFCUGZCEVCOGPVGCNCTGURGEVKXC

UGEEKÏPFGNEQPFWEVQTGKPVGTECODKCDNGU
■ %QPVQRGNQPIKVWFKPCNRCTCVTCDCLQUTGRGVKVKXQUEQPNCOKUOC

NQPIKVWFFGRGNCFQ
■ %WGTRQFGNCNKECVGCEGTQ

■ %WEJKNNCCEGTQGURGEKCNRCTCJGTTCOKGPVCUVGORNCFQCNCEGKVG




5GEEKQPGUO½ZKOCUFGECDNGU
GPOOŽ RQTRGTHKN

   

   


%QPIWÉCCFKEKQPCNRCTCGNECDNGRCTC
WPRQUKEKQPCOKGPVQGZCEVQFGNECDNGGP
NQURWPVQUFGRGNCFQFGNCUEWEJKNNCU


#LWUVCFQGURGEKCNOGPVGCNQU
CKUNCOKGPVQUOWNVKECRC[4CFQZŠEQP
UQRQTVGFGECDNGUCFKEKQPCNRCTCWP
OGLQTEGPVTCFQFGNQUEQPFWEVQTGUEQP
CKUNCOKGPVQOWNVKECRCGPNQURGTHKNGU
RCTCRGNCT


'URGEKCNOGPVGRCTCECDNGUEQPHQTOGC
NCGURGEKHKECEKÏPCOGTKECPC
#9)

EQPIWKCRCTCGNECDNG[VQRG %QTVGRTGEKUQFGNCKUNCPVGGPVQFCUW 2TGEKUKÏPFGRGNCFQITCEKCUCNCHQTOCFG


NQPIKVWFKPCN GZVGPUKÏP UWUEWEJKNNCU

4CFQZŠGUWPCOCTECTGIKUVTCFCFG*WDGT5WJPGT#)
-CRVQPŠGUWPCOCTECTGIKUVTCFCFG'+FW2QPVFG0GOQWTUCPF%QORCP[


#.+%#6'52'.#%#$.'5

2TKPEKRKQFGVTCDCLQFGNCUEWEJKNNCU

%QPGNEQTVGCPWNCTCNTGFGFQTFGVQFQGNCKUNCOKGPVQUGTGCNK\CWPRGNCFQ
NKORKQ[RTGEKUQ'UVQGUGURGEKCNOGPVGKORQTVCPVGEQPEQPFWEVQTGUSWG
UGVKGPGPSWGRGNCTEQPRTGEKUKÏP

6CODKÅPHWPEKQPCUKPRTQDNGOCUEQPEQORNKECFQUOCVGTKCNGUCKUNCPVGUFG
26('4CFQZŠ[CKUNCOKGPVQUOWNVKECRC

0ÖOFG '#0 %CRCEKFCFFGEQTVG


CTVÉEWNQ  OO #NKECVG /CPIQU OOŽ #9) I
     
   DTWÍKFQ EQPHWPFCUGPFQUEQORQPGPVGU   
     
     
 DTWÍKFQ EQPHWPFCUGPFQUEQORQPGPVGU
     
    
 DTWÍKFQ EQPHWPFCUGPFQUEQORQPGPVGU
    
        
  ,WGIQFGEWEJKNNCUFGTGECODKQRCTC
  ,WGIQFGEWEJKNNCUFGTGECODKQRCTC
  ,WGIQFGEWEJKNNCUFGTGECODKQRCTC
  ,WGIQFGEWEJKNNCUFGTGECODKQRCTC
  ,WGIQFGEWEJKNNCUFGTGECODKQRCTC
  ,WGIQFGEWEJKNNCUFGTGECODKQRCTC
  ,WGIQFGEWEJKNNCUFGTGECODKQRCTC

4CFQZŠGUWPCOCTECTGIKUVTCFCFG*WDGT5WJPGT#)
-CRVQPŠGUWPCOCTECTGIKUVTCFCFG'+FW2QPVFG0GOQWTUCPF%QORCP[


#NKECVGURGNCECDNGU ■ %QPEWEJKNNCUKPVGTECODKCDNGURCTCEWCVTQQUGKUUGEEKQPGU
FGEQPFWEVQTFKHGTGPVGU
EQPEWEJKNNCUFGHQTOCRTGEKUC ■ 0QFCÍCPGNEQPFWEVQTITCEKCUCNCHQTOCRTGEKUCFGNCUEWEJKNNCU

KPENWUQNQUEQPFWEVQTGUOWNVKCNCODTGUUGRGNCPNKORKCOGPVG
■ .CUOQTFC\CUFGHKLCEKÏPUWLGVCPGNECDNGCNUGTRGNCFQ

■ %QPVQRGNQPIKVWFKPCNRCTCVTCDCLQUTGRGVKVKXQUEQPNCOKUOC

NQPIKVWFFGRGNCFQ
■ 7POWGNNGFGRTGUKÏPJCEGTGVQTPCTNQUCNKECVGUCUWRQUKEKÏPKPKEKCN

■ %WGTRQFGCNKECVGUCNWOKPKQ

■ %WEJKNNCCEGTQGURGEKCNRCTCJGTTCOKGPVCUVGORNCFQCNCEGKVG



FK½OGVTQFGECDNGGPOO FK½OGVTQFGECDNGGPOOŽ

%CRCEKFCFFGEQTVG
0ÖOFG '#0
CTVÉEWNQ  OO #NKECVG /CPIQU ´OO OOŽ #9) I
    
PGITQNCECFQ EQPHWPFCUFGRN½UVKEQ   
   
 
         
  2CTFGEWEJKNNCUFGTGECODKQRCTC
  2CTFGEWEJKNNCUFGTGECODKQRCTC


#.+%#6'52'.#%#$.'5

 -0+2':/WNVK5VTKR 2GNCTECDNGUUKPPGEGUKFCFFGTGCLWUVGFGCOOŽ

#NKECVGRGNCECDNGUCWVQO½VKEQ )GQOGVTÉCWPKXGTUCNFGNCEWEJKNNCTQDWUVC[FGNCTICFWTCEKÏP
&KUGÍQQRVKOK\CFQFGNOCPIQEQPGZEGNGPVGJ½RVKEC
%QTVCCNCODTGUO½URTQHWPFQ

■ #FCRVCEKÏPEQORNGVCOGPVGCWVQO½VKECCVQFQUNQUEQPFWEVQTGUFG
WPQQXCTKQUJKNQU[FGJKNQHKPQEQPCKUNCOKGPVQGUV½PFCTGPVQFQ
GNTCPIQFGECRCEKFCFGUFGCOOŽ
■ 0QTGSWKGTGPKPIÖPCLWUVGOCPWCN

■ 0QTFCÍCNQUEQPFWEVQTGU

■ .CUOQTFC\CUFGCRTKGVGFGCEGTQUWLGVCPGNECDNGRCTCGXKVCT

FGUNK\COKGPVQU
■ 5KPFCÍCTGNCKUNCOKGPVQTGUVCPVG

 ■ %QPEQTVCCNCODTGURCTCEQPFWEVQTGUFG%W[#NFGXCTKQUJKNQU

 JCUVCOOŽ[FGWPJKNQJCUVCOOŽ
■ 5KUVGOCOGE½PKEQFGHWPEKQPCOKGPVQGURGEKCNOGPVGUWCXG[RGUQ

OW[TGFWEKFQ
■ %WEJKNNCU[VQRGNQPIKVWFKPCNKPVGTECODKCDNGU

■ /CPIQEQP\QPCFGRN½UVKEQDNCPFQRCTCWPCICTTGUGIWTQ

■ %CTECUCRN½UVKEQTGHQT\CFQEQPHKDTCUFGXKFTKQ

■ %WEJKNNCCEGTQGURGEKCNRCTCJGTTCOKGPVCUVGORNCFQCNCEGKVG

5KUVGOCOGE½PKEQRCVGPVCFQ
.CRTQHWPFKFCFFGEQTVGFGNCUEWEJKNNCURGNCECDNGUGU
CFCRVCFCFGOQFQEQORNGVCOGPVGCWVQO½VKEQCNFK½OGVTQ
FGNJKNQ[EQPGNNQVCODKÅPCNITQUQTFGVQFQUNQUOCVG
TKCNGUGUV½PFCTFGCKUNCOKGPVQ5KPGNCLWUVGOCPWCNSWG
VQFCXÉCUKIWGUKGPFQPGEGUCTKQGPNCUVGPC\CUEQPXGPEKQ
PCNGU%QPWPITCPTCPIQRCTCRGNCTECDNGU

2TKPEKRKQFGVTCDCLQFGNCU
EWEJKNNCUTGEVCU
%7%*+..#4'%6#


OO
5ÏNQNCRCTVGTQLCUGEQTVC

0QCFGEWCFQRCTCOCVGTKCNGU
CKUNCPVGUCNVCOGPVGHNGZKDNGU[
OO CTOCFQUPKRCTCCKUNCOKGPVQU
OWNVKECRC

%QTVCECDNGURCTCECDNGUOÖNVKRNGUJCUVC /QTFC\CUFGTGVGPEKÏPFGCEGTQEQPHKNQU 2GNCFQRTGEKUQFGCKUNCOKGPVQUUKPTGCLWUVCTFGCOOŽ


OOŽ FGEQTVGSWGGXKVCPGNFGUNK\COKGPVQFGN
ECDNG

0ÖOFG '#0 %CRCEKFCFFGEQTVG


CTVÉEWNQ  OO OOŽ #9) I
     
      
  7PKFCFFGEWEJKNNCUFGTGECODKQRCTC
  6QRGNQPIKVWFKPCNFGTGECODKQRCTC


#.+%#6'52'.#%#$.'5

 #NKECVGURGNCECDNGUCWVQCLWUVCDNGU ■ 2CTCECDNGUEQPEQPFWEVQTGUHKPQUWPKVCTKQU[OÖNVKRNGUEQP
CKUNCOKGPVQFGRN½UVKEQ[IQOC
■ 5GCFCRVCCWVQO½VKECOGPVGCNCTGURGEVKXCUGEEKÏPFGNECDNG

NQSWGGXKVCFCÍCTGNEQPFWEVQT
■ .CRTQHWPFKFCFFGRGNCFQRWGFGCLWUVCTUGOCPWCNOGPVGC

NQUFKHGTGPVGUOCVGTKCNGU[ITQUQTGUFGCKUNCOKGPVQ
■ %QTVCECDNGURCTCECDNGUFGCNWOKPKQQEQDTGEQPFWEVQT

OÖNVKRNGJCUVCOOŽ[WPKVCTKQJCUVCOOŽ
■ /GECPKUOQQRGTCVKXQUWCXG

■ %WEJKNNCU[OQTFC\CUFGCRTKGVGFGRN½UVKEQH½EKNOGPVG

KPVGTECODKCDNGU
 ■ 2GUQTGFWEKFQ

■ %CTECUCRN½UVKEQTGHQT\CFQEQPHKDTCUFGXKFTKQ

■ %WEJKNNCCEGTQGURGEKCNRCTCJGTTCOKGPVCUVGORNCFQCNCEGKVG


2CTCECDNGUFGEKPVCRNCPCJCUVCOO
FGCPEJQGPWPCUQNCQRGTCEKÏP
6QRGNQPIKVWFKPCNCLWUVCDNG 2GNCFQRTGEKUQUKPFCÍCTGN
ECDNGEQPFWEVQT

'#0 %CRCEKFCFFGEQTVG 6QRGNQPIKVWFKPCN


0ÖOFGCTVÉEWNQ  OO OOŽ #9) OO I
      
       
       
  2CTFGEWEJKNNCUFGTGECODKQRCTC
  2CTFGOQTFC\CUFGUWLGEKÏPFGTGECODKQRCTC
  6QRGNQPIKVWFKPCNFGTGECODKQRCTC
  2CTFGEWEJKNNCUFGTGECODKQRCTC
  2CTFGOQTFC\CUFGUWLGEKÏPFGTGECODKQRCTC


 #NKECVGRGNCECDNGUCWVQO½VKEQ ■ *GTTCOKGPVCGUV½PFCTRCTCVQFCUNCUUGEEKQPGUFGECDNGU[
OCVGTKCNGUCKUNCFQUFGWUQEQTTKGPVG
■ 2CTCECDNGUEQPEQPFWEVQTGUHKPQUWPKVCTKQU[OÖNVKRNGUFG

COOŽEQPCKUNCOKGPVQGUV½PFCT
■ 5GCFCRVCCWVQO½VKECOGPVGCNCTGURGEVKXCUGEEKÏPFGNECDNG

NQSWGGXKVCFCÍCTGNEQPFWEVQT
■ /W[EQPHQTVCDNGFCFCNCHQTOCFGUWOCPIQ[UWTGFWEKFQRGUQ

■ (QTOCFGECDG\CGUVTGEJCRCTCWUCTGPGURCEKQUTGFWEKFQU

■ %QTVCECDNGURCTCEQPFWEVQTGUFGEQDTG[CNWOKPKQJCUVCOOŽ

■ %QPWPVQRGNQPIKVWFKPCNCLWUVCDNGGPVTG[OOEQP

NQPIKVWFGUFGRGNCFQKIWCNGCRCTCVTCDCLQUGPUGTKG
■ %CTECUCRN½UVKEQTGHQT\CFQEQPHKDTCUFGXKFTKQ

■ %WEJKNNCCEGTQGURGEKCNRCTCJGTTCOKGPVCUVGORNCFQCNCEGKVG

KPVGTECODKCDNG



0ÖOFG '#0 %CRCEKFCFFG


CTVÉEWNQ  OO EQTVGOOŽ #9) I
     
      
  RCTFGEWEJKNNCUFGTGECODKQRCTC
  6QRGNQPIKVWFKPCNFGTGECODKQRCTC


#.+%#6'52'.#%#$.'5

 #NKECVGRGNCECDNGUCWVQO½VKEQ ■ 2CTCECDNGURNCPQUEQPCKUNCOKGPVQFG28%JCUVCWPCCPEJWTC
O½ZFGOO[JCUVCOOŽ
RCTCECDNGURNCPQU ■ 5GCFCRVCCWVQO½VKECOGPVGCNCUFKHGTGPVGUCNVWTCUFGNQU

EQPFWEVQTGUFGGUVGOQFQUGGXKVCPNQUFCÍQUGPNQUEQPFWEVQTGU
■ 'URQUKDNGWPCITCPNQPIKVWFFGRGNCFQ

■ %WEJKNNCUKPVGTECODKCDNGU

■ /GECPKUOQQRGTCVKXQUWCXG

■ 2GUQTGFWEKFQ

■ %CTECUCRN½UVKEQTGHQT\CFQEQPHKDTCUFGXKFTKQ

■ %WEJKNNCCEGTQGURGEKCNRCTCJGTTCOKGPVCUVGORNCFQCNCEGKVG


 

0ÖOFG '#0 %CRCEKFCFFG


CTVÉEWNQ  OO EQTVGOOŽ #9) I
      


 /KPKRGNCECDNGU ■ 2GNCFQRTGEKUQFGDKFQCNCLWUVGFGNCJGTTCOKGPVC
CNFK½OGVTQFGNEQPFWEVQT
■ +PENW[GEQTVCECDNGU

■ 6QRGNQPIKVWFKPCNCLWUVCDNGGPVTGOO

■ %QPOGECPKUOQFGTGVGPEKÏP

■ %CTECUCRN½UVKEQTGUKUVGPVGCNQUIQNRGU

5$ 5$
RCTCEQPFWEVQTGUHKPQU RCTCEQPFWEVQTGUHKPQU
FGEQDTG´COO FGEQDTG´COO

5$


0ÖOFG '#0 %CRCEKFCFFG


CTVÉEWNQ  OO EQTVG´OO #9) I
5$     
5$     


 2GNCECDNGURCTCECDNGUFG ■ 2CTCRGNCTGNRTKOGT[UGIWPFQ
TGEWDTKOKGPVQFGHKDTCÏRVKEC
HKDTCÏRVKEC ■ #EGTQGNÅEVTKEQCNETQOQ

XCPCFKQFGECNKFCFGURGEKCN
VGORNCFQCNCEGKVG

5$

0ÖOFG '#0 %CRCEKFCFFGEQTVG


CTVÉEWNQ  OO #NKECVG /CPIQU ´OO I
5$   DTWÍKFQ EQPHWPFCUFGRN½UVKEQ RTKOGTCKUNCOKGPVQFGHKDTCÏRVKECFG[UGIWPFQCKUNCOKGPVQFG 


#.+%#6'52'.#%#$.'5

 2GNCECDNGURCTCHKDTCÏRVKEC ■


2CTCRGNCTGNRTKOGTCKUNCOKGPVQFGHKDTCÏRVKECFGOO
%WEJKNNCFGOOFGFK½OGVTQCIWLGTQRCTCECDNGFG
OOFGFK½OGVTQ
■ 6QRGNQPIKVWFKPCNCLWUVCDNG

■ %CTECUCRN½UVKEQTGUKUVGPVGCNQUIQNRGU

5$

0ÖOFG '#0 %CRCEKFCFFGEQTVG


CTVÉEWNQ  OO ´OO I
5$   RCTCRGNCTGNRTKOGTCKUNCOKGPVQFGHKDTCÏRVKECFGOO 


 2KP\CRGNCECDNGU ■ 2CTCRGNCTECDNGUFGEQDTG
CKUNCFQUOGFKCPVGDCTPK\
■ %WEJKNNCUFGTGECODKQ

FKURQPKDNGURCTCECDNGUFG
FKHGTGPVGUFK½OGVTQU
■ %WGTRQFGRKP\CCEGTQRCTC

OWGNNGUVGORNCFQCNCEGKVG
■ 5WRGTHKEKGFGCICTTG2N½UVKEQ



0ÖOFG '#0 %CRCEKFCFFGEQTVG


CTVÉEWNQ  OO ´OO I
    
    
  2CTFGEWEJKNNCUFGTGECODKQRCTC´OO
  2CTFGEWEJKNNCUFGTGECODKQRCTC´OO
  2CTFGEWEJKNNCUFGTGECODKQRCTC´OO
  2CTFGEWEJKNNCUFGTGECODKQRCTC´OO


#NKECVGURGNCECDNGU ■


2CTCRGNCTECDNGUHKPQU
#IWLGTQUFGRGNCFQRTGEKUQU
RCTCCLWUVCTUGCWPUQNQ
FK½OGVTQFGECDNG
■ %QPOWGNNGFGCRGTVWTC

■ #EGTQGNÅEVTKEQCNETQOQ

XCPCFKQHQTLCFQVGORNCFQ
CNCEGKVG



0ÖOFG '#0 %CRCEKFCFFGEQTVG


CTVÉEWNQ  OO %CDG\C /CPIQU ´OO I
    
   RWNKFC TGEWDKGTVQUFGRN½UVKEQ  
    


2'.#/#0)7'4#5
 ■ #ICTTGUGIWTQFGDKFQCN
 2GNCOCPIWGTCU ■ 2CTCRGNCTVQFQVKRQFGECDNGU
TGFQPFQU OCVGTKCNDNCPFQQHTGEKGPFQ
■ 2CNCPECFGUWLGEKÏPCWVQDNQECP WPUQRQTVGGPGNOCPIQ[NC
VGFGNECDNG RCNCPECFGUWLGEKÏP
■ %CTECUCRN½UVKEQTGUKUVGPVGC
■ 2QUKDKNKFCFFGCLWUVCTNCRTQHWP

FKFCFFGEQTVGOGFKCPVGVQTPKNNQ NQUIQNRGU
■ %WEJKNNCCWVQIKTCPVGRCTCEQTVG

EKTEWNCT[NQPIKVWFKPCN
■ %QPEWEJKNNCFGTGECODKQGPGN

5$ OCPIQ


5$
%WEJKNNC[ICPEJQRTQVGIKFQUEQP
ECRWEJÏP
5$


0ÖOFG '#0 %CRCEKFCFFGEQTVG


CTVÉEWNQ  OO ´OO I
5$    
5$    
5$     
     
%WEJKNNCFGTGECODKQRCTC5$
 
5$5$5$


 2GNCOCPIWGTCU ■ 2CTCSWKVCTGNCKUNCOKGPVQFG
ECDNGUTGFQPFQUFG28%IQOC
UKNKEQPC[ECDNGU26('FGC
OOFGFK½OGVTQ
■ 2CNCPECFGUWLGEKÏPCWVQDNQ

ECPVGFGNECDNG
■ 2QUKDKNKFCFFGCLWUVCTNCRTQ

HWPFKFCFFGEQTVGFGNCEWEJKNNC
OGFKCPVGVWGTEC
■ %CODKQFGEQTVGEKTEWNCTC

5$ NQPIKVWFKPCNIKTCPFQGNEWGTRQ
 FGNCJGTTCOKGPVC %QNQECTNCJGTTCOKGPVCRCTCEQTVG
■ %QTVGGPGURKTCNRCTCSWKVCT
EKTEWNCT

RKG\CUKPVGTOGFKCU
■ *QLCFGEWEJKNNCKPVGTECODKCDNG

■ %CTECUCRN½UVKEQTGUKUVGPVGC

NQUIQNRGU

0ÖOFG '#0 %CRCEKFCFFGEQTVG


CTVÉEWNQ  OO ´OO I
5$    
     
  %WEJKNNCFGTGECODKQRCTC5$ %QTVGNQPIKVWFKPCN %QTVGGPGURKTCN


2'.#/#0)7'4#5

 2GNCOCPIWGTCU ■


2CTCRGNCTECDNGUTGFQPFQUCRCTVKTFGOOFGFK½OGVTQ
2CTCRGNCTVQFCUNCUECRCUFGCKUNCOKGPVQFGECDNGU
■ 8½NKFQRCTCEQTVGUNQPIKVWFKPCNGU[EKTEWNCTGU

■ 2TQHWPFKFCFFGEQTVGCLWUVCDNGJCUVCOO

■ %WEJKNNCFGTGECODKQ
WVKNK\CDNGRQTCODQUNCFQU

■ %WGTRQFGJGTTCOKGPVCRN½UVKEQTGHQT\CFQEQPHKDTCFGXKFTKQ



2TQHWPFKFCFFGEQTVG %QNQECTNCJGTTCOKGPVCRCTCEQTVG %QTVGNQPIKVWFKPCN


CLWUVCDNG NQPIKVWFKPCN

0ÖOFG '#0 %CRCEKFCFFGEQTVG


CTVÉEWNQ  OO ´OO I
    
    
  %WEJKNNCFGTGECODKQRCTC
)KTCTNCJGTTCOKGPVCRCTCGNEQTVG %QTVGEKTEWNCT
RGTKOGVTCN


 *GTTCOKGPVCRCTCRGNCTECDNGU ■


2CTCRGNCTECDNGUEQCZKCNGU4)
2CTCRGNCTGNCKUNCPVGGZVGTKQTGNDNKPFCLG[GNCKUNCOKGPVQ
EQCZKCNGU GPWPCUQNCQRGTCEKÏP
■ %QPVTGUEWEJKNNCUKPVGITCFCU

■ .CRTQHWPFKFCFFGEQTVGRWGFGUGTTGIWNCFCEQPNCC[WFC

FGWPCNNCXG#NNGP
■ .CNQPIKVWFFGRGNCFQUKGORTGRGTOCPGEGEQPUVCPVG

■ %CTECUCRN½UVKEQTGUKUVGPVGCNQUIQNRGU

5$


2GNCFQFGECDNGUEQCZKCNGU RCUQUFGRGNCFQGPWPCUQNCQRGTCEKÏP
GPRCUQU

0ÖOFG '#0
CTVÉEWNQ  OO 6KRQFGECDNG I
5$   4)4) 4) 


2'.#/#0)7'4#5

 *GTTCOKGPVCRCTCRGNCTECDNGUEQCZKCNGU ■ 2CTCSWKVCTGNCKUNCOKGPVQ[RGNCTVQFQVKRQFGECDNGUEQCZKCNGUGPVTG
[OOFGFK½OGVTQ
GLECDNGRCTCCPVGPCFGVGNGXKUKÏP[
UCVÅNKVG VCODKÅPX½NKFQRCTCECDNGFG28%HNGZKDNGFGZOOŽ
■ %QPGUECNCFGNQPIKVWFFGCOO

■ 2GNCECDNGUFGFQDNGECRC

■ %QPOWGNNGFGCRGTVWTC[RCNCPECFGEKGTTG

■ %CTECUCRN½UVKEQTGHQT\CFQEQPHKDTCUFGXKFTKQ

5$


0ÖOFG '#0 %CRCEKFCFFGEQTVG


CTVÉEWNQ  OO ´ I
ECDNGUEQCZKCNGUOO
5$   
ECDNGUTGFQPFQUZOOŽ


 2GNCOCPIWGTCU ■


2CTCECDNGURNCPQUFGJCUVCOOFGCPEJQ
2CTCSWKVCTGNCKUNCOKGPVQ[RGNCTVQFQVKRQFGECDNGUEQPXGPEKQPCNGU
RCTCECDNGURNCPQU[TGFQPFQU TGFQPFQU[ECDNGUCPVKJWOGFCF´COO

RGLECDNGZOOŽCZOOŽ
■ &KURQUKVKXQFGRGNCFQRCTCNCUUGEEKQPGUOOŽ


#9)
■ 2CTCWUCTGP\QPCUFGVTCDCLQGUVTGEJCU[FGFKHÉEKNCEEGUQ

■ 2CTVKEWNCTOGPVGÖVKNRCTCEQPGZKQPGU[VTCDCLQUGPECLCUFGTGIKUVTQ

■ %CTECUCRN½UVKEQTGHQT\CFQEQPHKDTCUFGXKFTKQ

5$


0ÖOFG '#0 %CRCEKFCFFGEQTVG


CTVÉEWNQ  OO ´OO 6KRQFGECDNGU I
5$     ECDNGRNCPQOOECDNGTGFQPFQ´OO 


 2GNCOCPIWGTCU ■ 2CTCSWKVCTGNCKUNCOKGPVQC
ECDNGUFGFCVQU762[562FG
RCTCECDNGUFGFCVQU ´COO
■ &KURQUKVKXQFGRGNCFQRCTCNCU

UGEEKQPGU
OOŽ
■ 2GNCECDNGUFGFQDNGECRC

■ %QPOWGNNGFGCRGTVWTC[

RCNCPECFGEKGTTG
■ %QPWPENKRRCTCNCUWLGEKÏP

UGIWTC
■ %CTECUCRN½UVKEQTGHQT\CFQ

EQPHKDTCUFGXKFTKQ
■ %WEJKNNCUCEGTQGURGEKCNRCTC
5$
JGTTCOKGPVCUVGORNCFQCN

CEGKVGTGXGUVKFCU6K0
%CRCEKFCFFGEQTVG
0ÖOFG '#0
CTVÉEWNQ  OO ´OO OOŽ 6KRQFGECDNGU I
5$     %#6%#6%#66YKUVGF2CKT
762562 


2'.#/#0)7'4#5

 2GNCOCPIWGTCUWPKXGTUCNGU ■ 2CTCSWKVCTGNCKUNCOKGPVQ[RGNCTVQFQVKRQFGECDNGUEQPXGPEKQPCNGU
TGFQPFQU[ECDNGUCPVKJWOGFCFFGOOFGFK½OGVTQ

'LECDNGUFGZOOŽJCUVCZOOŽ
■ 2CTVKEWNCTOGPVGÖVKNRCTCEQPGZKQPGU[VTCDCLQUGPECLCUFGTGIKUVTQ

■ 2GNCECDNGUFGFQDNGECRC

■ %QPOWGNNGFGCRGTVWTC[RCNCPECFGEKGTTG

■ %QPWPENKRRCTCNCUWLGEKÏPUGIWTC

■ %CTECUCRN½UVKEQTGHQT\CFQEQPHKDTCUFGXKFTKQ

5$
%QPEWEJKNNCCFKEKQPCNRCTCEQTVGNQPIKVWFKPCN%WEJKNNCVGNGUEÏRKECKPVGITCFC
5$ FKURQUKVKXQFGRGNCFQRCTCNCUUGEEKQPGUOOŽ

%QPEQPFWEEKÏPKPVGITCFCFGNECDNGRCTCGNEQTVGNQPIKVWFKPCN
.QUCKUNCOKGPVQUHKLQU
RGLUKPJCNÏIGPQU RWGFGPRGNCTUGO½UH½EKNOGPVG

5$


0ÖOFG '#0 %CRCEKFCFFGEQTVG


CTVÉEWNQ  OO ´OO 6KRQFGECDNGU I
5$    ECDNGTGFQPFQGLZOOŽJCUVCZOOŽ 
5$     ECDNGTGFQPFQGLZOOŽJCUVCZOOŽ 


 2GNCOCPIWGTCUWPKXGTUCN ■ 2CTCSWKVCTGNCKUNCOKGPVQ[RGNCTVQFQVKRQFGECDNGUEQPXGPEKQPCNGU
TGFQPFQU[ECDNGUCPVKJWOGFCFFGOOFGFK½OGVTQ
RCTCECDNGUFGEQPUVTWEEKÏPGKPFWUVTKC
'LECDNGUFGZOOŽJCUVCZOOŽ
■ 'URGEKCNOGPVGCFGEWCFQRCTCUGEEKQPGUOC[QTGU[OCVGTKCNGUFG

CKUNCOKGPVQFKHÉEKNGU
■ 0QGUPGEGUCTKQCLWUVCTNCUEWEJKNNCUCNCRTQHWPFKFCFFGNEQTVG

■ &KURQUKVKXQRGNCECDNGURCTCEQPFWEVQTGUGJKNQUFGOOŽ

[OOŽ
■ 6QRGNQPIKVWFKPCNCNVGTPQ
KFGCNRCTCFKGUVTQU[\WTFQU

■ &KURQUKVKXQFGHKLCEKÏPCNHKPCNFGNOCPIQ
UGIWTQEQPVTCECÉFCU

■ 2CTCWUCTGP\QPCUFGVTCDCLQGUVTGEJCU[FGFKHÉEKNCEEGUQ

■ 2CTVKEWNCTOGPVGÖVKNRCTCEQPGZKQPGU[VTCDCLQUGPECLCUFGTGIKUVTQ

■ %CTECUCRN½UVKEQTGHQT\CFQEQPHKDTCUFGXKFTKQ

5$


0ÖOFG '#0 %CRCEKFCFFGEQTVG


CTVÉEWNQ  OO ´OO 6KRQFGECDNGU I
5$    ECDNGTGFQPFQGLZOOŽJCUVCZOOŽ 


&0&1.' /GVCN DTKNNCPVG RKGFTCU RTGEKQUCU TGNW
EKGPVGU s FGUFG JCEG OKNGU FG CÍQU NCU
OCPQUGZRGTVCUFGNQUQTHGDTGU NQUEQP

 (14/#
XKGTVGP GP OCTCXKNNQUCU QDTCU FG CTVG
.C KPURKTCEKÏP FGN CTVKUVC [ NC JCDKNKFCF
CTVGUCPCUGEQODKPCPGPUWULQ[CURCTC
FGNGKVCTPQU ECFC XG\ .C EQPXGTUKÏP FGN

#..7,1
PQDNG OGVCN GP CTVG UGPUWCN GU RQUKDNG
ITCEKCU C NCU JGTTCOKGPVCU .QU CNKECVGU
RNCPQU -0+2': C[WFCP C NQU QTHGDTGU C
FCTNG NC EQTTGEVC HQTOC CN XCNKQUQ OGVCN
RCTCETGCTWPCQDTCEW[QRQFGTFGCVTCE
EKÏPRGTFWTCGPGNVKGORQ


#NKECVGUFGRTGUKÏP
/QTFC\CUITKR

#NKECVGUEQPDQECURNCPCU                                
#NKECVGUEQPDQECUTGFQPFCU                              
#NKECVGUFGOQPVCLG                                    
#NKECVGURCTCVGNÅHQPQ                                  
#NKECVGUFGRTGUKÏP                                    
#NKECVGUFGDQECUNCTICU                                 
#NKECVGUFGCLWUVG                                      
#NKECVGUEQPDQECURNCPCUCIWFCU                          
#NKECVGUFGRTGUKÏP                                    
#NKECVGURCTCOGE½PKEQU                                 

/QTFC\CUITKRWPKXGTUCNGU                                
/QTFC\CUITKR 
/QTFC\CUITKRRCTCUQNFCFWTCU                            

6CPVQRCTCNQUOCVGTKCNGUPQDNGUEQOQ
RCTC EQPFWEVQTGU GNÅEVTKEQU OCEK\QU
NQUCNKECVGURNCPQUFG-0+2':UGWVK
NK\CPUKGORTGFQPFGUGRTGEKUGFQDNCT
[ CICTTCT EQP UGIWTKFCF EWKFCPFQ GN
OCVGTKCNQCRNKECPFQNCHWGT\C


#.+%#6'5&'24'5+¯0

#NKECVGUEQPDQECURNCPCU ■


/QTFC\CURNCPCUEQTVCUCPEJCU
5WRGTHKEKGFGNCUDQECUTC[CFC
&+0+51 ■ #EGTQGNÅEVTKEQCNETQOQXCPCFKQHQTLCFQVGORNCFQCNCEGKVG


 


 


 


   

&KOGPUKQPGU
0ÖOFG '#0 . 9 6
CTVÉEWNQ  OO #NKECVG %CDG\C /CPIQU OO OO OO I
      
   PGITQ    
 RWNKFC TGEWDKGTVQUFGRN½UVKEQ
   CVTCOGPVCFQ    
      
   PGITQ    
  RWNKFC EQPHWPFCUGPFQUEQORQPGPVGU
   CVTCOGPVCFQ    
      
 ETQOCFQ EQPHWPFCUGPFQUEQORQPGPVGU
      
 CKUNCFQUEQPHWPFCUGPFQU
       ETQOCFQ    
EQORQPGPVGUUGIÖPPQTOC8&'


#.+%#6'5&'24'5+¯0

#NKECVGUEQPDQECUTGFQPFCU ■


2CTCHQTOCTCTQUFGCNCODTG
/QTFC\CUTGFQPFCUEQTVCUEQPTGEVKHKECFQHKPQ
&+0+51 ■ #EGTQGNÅEVTKEQCNETQOQXCPCFKQHQTLCFQVGORNCFQCNCEGKVG


 


 


 


   

&KOGPUKQPGU
0ÖOFG '#0 . 9 & 6
CTVÉEWNQ  OO #NKECVG %CDG\C /CPIQU OO OO OO OO I
       
PGITQ
    RWNKFC TGEWDKGTVQUFGRN½UVKEQ     
CVTCOGPVCFQ
       
   PGITQ     
  RWNKFC EQPHWPFCUGPFQUEQORQPGPVGU
   CVTCOGPVCFQ     
       
 ETQOCFQ EQPHWPFCUGPFQUEQORQPGPVGU
       
 CKUNCFQUEQPHWPFCUGPFQU
       ETQOCFQ     
EQORQPGPVGUUGIÖPPQTOC8&'


#.+%#6'5&'24'5+¯0

#NKECVGUFGOQPVCLG ■ 'URGEKCNOGPVGCFGEWCFCRCTCVTCDCLQUFGUWLGEKÏP[GPUCODNCLG
EQPHWGT\CFGRTGUKÏPCWOGPVCFC
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#NKECVGURCTCCTCPFGNCU-0+2':EQPRTQVGEEKÏPEQPVTCWPC
UQDTGGZVGPUKÏP
2CTCGNOQPVCLGEQPHQTOGCNCUPQTOCUFGCTCPFGNCUFGUGIWTKFCFGPNCHCDTKECEKÏP
KPFWUVTKCNFGUGTKGU2TGEKUCOGPVGNQUHCDTKECPVGUFGEQORQPGPVGUUGPUKDNGU[TG
NGXCPVGURCTCNCUGIWTKFCF
EQOQRGLHTGPQUQTGFWEVQTGU EQPUKFGTCPOW[KORQTV
CPVGUGNEWORNKOKGPVQFG&+0[5GGZKIGGNOQPVCLGFGNCUCTCPFGNCUEQP
NCC[WFCFGCNKECVGUEQPRTQVGEEKÏPEQPVTCNCUQDTGGZRCPUKÏPQEQPWPEQPQ.QU /WGNNGKPUGTVCFQGPNCCTVKEWNCEKÏP #NKECVGUFGRTGEKUKÏPRCTCCTCPFGNCU
CNKECVGUFGCTCPFGNCUFGUGIWTKFCF-0+2':EQPRTQVGEEKÏPEQPVTCNCUQDTGGZRCPUKÏP &KHKEWNVCSWGGNOWGNNGUGGPUWEKGQ NCUCTCPFGNCUCLWUVCPFGHQTOCT½RKFC
UGRKGTFC H½EKN[UKPFKUVQTUKÏP
EWORNGPGUVGTGSWKUKVQ[CFGO½UQHTGEGPWPCXKFCÖVKNUWRGTKQT

6QTPKNNQFGCLWUVGITCPRTGEKUKÏP #NKECVGURCTCCTCPFGNCUEQPXGPEKQPCNGU
NCCTCPFGNCRWGFGFGHQTOCTUGGPGNCLWUVG

%CRCEKFCFRCTCCTCPFGNCU
0ÖOFG '#0 GZVGTKQTGU 2WPVCU
CTVÉEWNQ  OO 6KRQ #NKECVG /CPIQU ´OO ´OO I
#     
#     
TGEWDKGTVQUFGRN½UVKEQ
#      ITKUCVTCOGPVCFQ   
CPVKFGUNK\CPVG
#     
#     
#     
#     
TGEWDKGTVQUFGRN½UVKEQ
#    90°     ITKUCVTCOGPVCFQ   
CPVKFGUNK\CPVG
#     
#     
#     
TGEWDKGTVQUFGRN½UVKEQ
#      ITKUCVTCOGPVCFQ   
CPVKFGUNK\CPVG
#     
TGEWDKGTVQUFGRN½UVKEQ
#    90°     ITKUCVTCOGPVCFQ   
CPVKFGUNK\CPVG


#.+%#6'52#4##4#0&'.#5

#NKECVGURCTCCTCPFGNCU ■
2CTCCLWUVCTCTCPFGNCUGPVCNCFTQUICOCFGCRNKECEKÏP
´OO
RCTCCTCPFGNCUITCPFGUKPVGTKQTGU ■ %QPOGECPKUOQFGEKGTTGRQUKDKNKFCFFGNKDGTCTNQ

■ %QPRWPVCUKPVGTECODKCDNGUFGCEGTQVGORNCFQ


NCECFQUCNRQNXQPGITQU

%WGTRQFGCNKECVGCEGTQNCOKPCFQFGCNVCTGUKUVGPEKC
■ 2WPVCUCEGTQGURGEKCNRCTCJGTTCOKGPVCUVGORNCFQCNCEGKVG

6KRQ
&+0%RWPVCUTGEVCU

6KRQ
, &+0&RWPVCUEWTXCUGP½PIWNQFGŒ
 

%CRCEKFCFRCTCCTCPFGNCU
0ÖOFG '#0 KPVGTKQTGU 2WPVCU
CTVÉEWNQ  OO 6KRQ #NKECVG ´OO ´OO I
,     
  NCECFQCNRQNXQPGITQ
,     
,     
 90°    NCECFQCNRQNXQPGITQ
,     
        
,  2CTFGRWPVCUFGTGECODKQRCTC,
,  2CTFGRWPVCUFGTGECODKQRCTC,
,  2CTFGRWPVCUFGTGECODKQRCTC,
,  2CTFGRWPVCUFGTGECODKQRCTC,


#NKECVGURCTCCTCPFGNCU ■
2CTCCLWUVCTCTCPFGNCUGP½TDQNGUICOCFGCRNKECEKÏP
´OO
RCTCCTCPFGNCUITCPFGUGZVGTKQTGU ■
%QPOGECPKUOQFGEKGTTGRQUKDKNKFCFFGNKDGTCTNQ

%QPRWPVCUKPVGTECODKCDNGUFGCEGTQVGORNCFQ
■ NCECFQUCNRQNXQPGITQU

■ %WGTRQFGCNKECVGCEGTQNCOKPCFQFGCNVCTGUKUVGPEKC


2WPVCUCEGTQGURGEKCNRCTCJGTTCOKGPVCUVGORNCFQCNCEGKVG

6KRQ
&+0#RWPVCUTGEVCU

# 6KRQ
&+0$RWPVCUEWTXCUGP½PIWNQFGŒ
 

%CRCEKFCFRCTCCTCPFGNCU
0ÖOFG '#0 GZVGTKQTGU 2WPVCU
CTVÉEWNQ  OO 6KRQ #NKECVG ´OO ´OO I
#     
  NCECFQCNRQNXQPGITQ
#     
#     
 90°    NCECFQCNRQNXQPGITQ
#     
        
#  2CTFGRWPVCUFGTGECODKQRCTC#
#  2CTFGRWPVCUFGTGECODKQRCTC#
#  2CTFGRWPVCUFGTGECODKQRCTC#
#  2CTFGRWPVCUFGTGECODKQRCTC#


#.+%#6'52#4##4#0&'.#5

*GTTCOKGPVCRCTCCTCPFGNCU ■
#RNKECEKÏPWPKXGTUCNRCTCCTCPFGNCUFGUGIWTKFCFITCPFGU
FG´OO
RCTCCTCPFGNCUKPVGTKQTGU[GZVGTKQTGU ■ #RGTVWTC[EKGTTGUGIWTQUFGNCUCTCPFGNCU[UWLGEKÏPEQPGN

OGECPKUOQFGJWUKNNQFGRTGEKUKÏPEQPCWVQTGVGPEKÏP

2CTCGNOQPVCLGQFGUOQPVCLGFGCTCPFGNCUFGUGIWTKFCFGP
WPCUQNCQRGTCEKÏP
■ (KLCEKÏPUGIWTCFGNCUCTCPFGNCUITCEKCUCNCURWPVCUEQTVCU[RCTCNGNCU


2WPVCUKPVGTECODKCDNGUFG´OO[OORCTCFKHGTGPVGUFG
FK½OGVTQU
■ 2QUKDKNKFCFFGVTCDCLCTEQPNNCXGJGZCIQPCNNNCXGFGECTTCECQ

CVQTPKNNCFQTRQTV½VKN

#RNKECEKQPGUFQPFGUGVGPICPSWGVTCPUOKVKTHWGT\CU[RCTGUFG
IKTQOW[GNGXCFQUEQPITCPFGUGLGU[CNQLCOKGPVQUEQOQRGL
EGPVTCNGUFGGPGTIÉCGÏNKECEGPVTCNGUOCTGQOQVTKEGUEQPUVTWEEKÏP
FGIGPGTCFQTGUEGPVTCNGUFGGPGTIÉCJKFT½WNKECEQPUVTWEEKÏPFG
ITCPFGUO½SWKPCU
NÉPGCUFGNCOKPCFQRTGPUCU EQPUVTWEEKÏPPCXCN
CGTQP½WVKEC[GURCEKCN

*GTTCOKGPVCGPOCNGVÉPFGRN½UVKEQEQPCNQLCOKGPVQFGGURWOC
 ■ /CVGTKCNFGNCURWPVCUCEGTQGNÅEVTKEQCNETQOQXCPCFKQ

 

2CTCCEEKQPCTOCPWCNOGPVG 2CTCCEEKQPCTCWVQO½VKECOGPVG 'NGOGPVQUKPVGTECODKCDNGURCTCCTCPFGNCU


KPVGTKQTGU[GZVGTKQTGU

0ÖOFG '#0 %CRCEKFCFRCTCCTCPFGNCUKPVGTKQTGU %CRCEKFCFRCTCCTCPFGNCUGZVGTKQTGU


CTVÉEWNQ  ´OO ´OO I
     


#.+%#6'52#4##4#0&'.#5

#NKECVGURCTCCTCPFGNCUGURGEKCNGU ■
2CTCOQPVCLGFGCTCPFGNCUFGTGUQTVGEQPHQTOCFGJGTTCFWTC
[UKPCIWLGTQU
RCTCCTQUFGTGVGPEKÏPFG½TDQNGU ■ 2CTC½TDQNGUCUGIWTCFQU

■ %QPOWGNNGFGCRGTVWTC
&+0+51 ■
#EGTQGNÅEVTKEQCNETQOQXCPCFKQHQTLCFQVGORNCFQCNCEGKVG


      


2CTCCPKNNQUFGTGVGPEKÏPEQPWPOÉPKOQFGOOFGCRGTVWTCFGCTCPFGNC
RCTVKFC



$QECUCPIWNCFCUEQPCIWLGTQEGPVTCNRCTCCPKNNQUFGTGVGPEKÏPUGIÖPGUV½PFCTC
  30°   RCTVKTFGOOFGFK½OGVTQRQTGLGORNQGPGNCUGIWTCOKGPVQFGN½TDQNCTVKEWNCFQ
FGTGFWEVQTFGWPCWVQOÏXKNCRGTVWTCOÉPKOCFGNCUCTCPFGNCURCTVKFCUOO

0ÖOFG '#0
CTVÉEWNQ  OO #NKECVG /CPIQU I
      DTWÍKFQ 
     30°   DTWÍKFQ TGEWDKGTVQUFGRN½UVKEQ 


#NKECVGURCTCCTCPFGNCU ■
2CTCGNOQPVCLGFGCTCPFGNCUFGUWLGEKÏP
FGOOFGFK½OGVTQ
RCTCCTCPFGNCUFGCICTTGGPGLGU ■ %QPOWGNNGFGCRGTVWTC

&+0+51

6KRQUÏNKFQHQTLCFQ
■ 2WPVCUCPVKFGUNK\CPVGUFGITCPRTGEKUKÏP


%WGTRQFGCNKECVGU[RWPVCUCEGTQCNETQOQXCPCFKQ
HQTLCFQVGORNCFQCNCEGKVG

) )
   

)
2CTCCTCPFGNCUFGOOFGFK½OGVTQEQPVQTPKNNQFGCLWUVGRCTCGXKVCTSWG
NCUCTCPFGNCUUGGZVKGPFCPFGOCUKCFQ

%CRCEKFCFRCTC
0ÖOFG '#0 CTCPFGNCUGZVGTKQTGU 2WPVCU
CTVÉEWNQ  OO #NKECVG %CDG\C /CPIQU ´OO ´OO I
)    PGITQCVTCOGPVCFQ RWNKFC TGEWDKGTVQUFGRN½UVKEQ   
)     
)     
  PGITQCVTCOGPVCFQ RWNKFC TGEWDKGTVQUFGRN½UVKEQ
)     
)     


#.+%#6'52#4##4#0&'.#5

 ,WGIQUFGCNKECVGURCTCCTCPFGNCU ■
(WPFCFGVGLKFQFGRQN[GUVGT
OW[TGUKUVGPVG
RKG\CU ■ %QPEQTTGCCLWUVCDNG

[EGTTCFWTCT½RKFC


CNKECVGURCTCCTCPFGNCUKPVGTKQTGU[
GZVGTKQTGUO½UEQOWPGU


CNKECVGUFGRTGEKUKÏPRCTCCTCPFGNCU
O½UEQOWPGURCTCUCVKUHCEGTNCU
PGEGUKFCFGUO½UGZKIGPVGU

 
   

0ÖOFG '#0 %CRCEKFCF 2WPVCU


CTVÉEWNQ  6KRQ ´OO ´OO 7PKFCFGU I
  ,WGIQFGCNKECVGURCTCCTCPFGNCURKG\CU 
  , #NKECVGRCTCCTCPFGNCURCTC RWPVCUTGEVCU   
 90° , CTCPFGNCUKPVGTKQTGUGPVCNCFTQU RWPVCUEWTXCU   
   # #NKECVGRCTCCTCPFGNCURCTC RWPVCUTGEVCU   
 90°  # CTCPFGNCUGZVGTKQTGUGPGLGU RWPVCUEWTXCU   
   ,WGIQFGCNKECVGUFGRTGEKUKÏPRCTCCTCPFGNCURKG\CU 
, #NKECVGFGRTGEKUKÏPRCTCCTCPFGNCU   
   
, RCTCCTCPFGNCUKPVGTKQTGUGPVCNCFTQU   
RWPVCUTGEVCU
# #NKECVGFGRTGEKUKÏPRCTCCTCPFGNCU   
    
# RCTCCTCPFGNCUGZVGTKQTGUGPGLGU   


 ,WGIQFGCNKECVGUGPCNQLCOKGPVQFGGURWOC ■


%QPHQTTQFGGURWOCRCTCDCPEQU[ECTTQUFGVCNNGT
2CTCIWCTFCTNCUJGTTCOKGPVCUFGHQTOCQTFGPCFC
■ %CXKFCFGUFGCLWUVGGZCEVQRCTCCNQLCTNQUCNKECVGU


&KOGPUKQPGUFGNHQTTQFGGURWOC
#Z#Z2 ZZOO

/CVGTKCNGURWOCDKEQNQTFGRQTQEGTTCFQ

8
CNKECVGUFGRTGEKUKÏPRCTC
CTCPFGNCUGPCNQLCOKGPVQFG
GURWOC

0ÖOFG '#0 %CRCEKFCF 2WPVCU


CTVÉEWNQ  ´OO ´OO 7PKFCFGU I
,WGIQFGCNKECVGURCTCCTCPFGNCUCNKECVGUFGRTGEKUKÏP 
8 
RCTCCTCPFGNCUGPCNQLCOKGPVQFGGURWOC 
  ,   
 #NKECVGFGRTGEKUKÏPRCTCCTCPFGNCU
,   
RCTCCTCPFGNCUKPVGTKQTGUGPVCNCFTQU
    90° ,   
#   
    #NKECVGFGRTGEKUKÏPRCTCCTCPFGNCU
#   
RCTCCTCPFGNCUGZVGTKQTGUGPGLGU
   90° #   


#.+%#6'52#4##4#0&'.#5

 ,WGIQUFGCNKECVGUFGRTGEKUKÏP ■
#VTCEVKXCRTGUGPVCEKÏPEQP
RGTHQTCEKÏP'WTQGUV½PFCT
RCTCCTCPFGNCU ■ %QPVKGPGNQUCNKECVGUFGRTG

EKUKÏPRCTCCTCPFGNCUO½U
EQOWPGURCTCUCVKUHCEGTNCU
PGEGUKFCFGUO½UGZKIGPVGU
■ 4QDWUVQGODCNCLGFGRN½UVKEQ

X½NKFQVCODKÅPRCTCGNCNOCEG
PCLGFGNQUCNKECVGU

5$ 5$
   

0ÖOFG '#0 %CRCEKFCF 2WPVCU


CTVÉEWNQ  6KRQ ´OO ´OO 7PKFCFGU I
5$  ,WGIQFGCNKECVGUFGRTGEKUKÏPRCTCCTCPFGNCU 
  , #NKECVGFGRTGEKUKÏPRCTCCTCPFGNCURCTC   

, CTCPFGNCUKPVGTKQTGUGPVCNCFTQU RWPVCU   
  # #NKECVGFGRTGEKUKÏPRCTCCTCPFGNCURCTC TGEVCU   
 
# CTCPFGNCUGZVGTKQTGUGPGLGU   
5$   ,WGIQFGCNKECVGUFGRTGEKUKÏPRCTCCTCPFGNCU 
, #NKECVGFGRTGEKUKÏPRCTCCTCPFGNCU   
   
, RCTCCTCPFGNCUKPVGTKQTGUGPVCNCFTQU RWPVCU   
# #NKECVGFGRTGEKUKÏPRCTCCTCPFGNCU TGEVCU   
    
# RCTCCTCPFGNCUGZVGTKQTGUGPGLGU   
  , #NKECVGFGRTGEKUKÏPRCTCCTCPFGNCU   
  90°  , RCTCCTCPFGNCUKPVGTKQTGUGPVCNCFTQU RWPVCU   
   # #NKECVGFGRTGEKUKÏPRCTCCTCPFGNCU EWTXCU   
  90°  # RCTCCTCPFGNCUGZVGTKQTGUGPGLGU   


 ,WGIQFGCNKECVGUFGRTGEKUKÏP ■


/CNGVÉPFGRN½UVKEQFGCNVCECNKFCFTGUKUVGPVGCKORCEVQU
%QPVKGPGNQUCNKECVGUFGRTGEKUKÏPRCTCCTCPFGNCUO½UEQOWPGU
RCTCCTCPFGNCU RCTCUCVKUHCEGTNCUPGEGUKFCFGUO½UGZKIGPVGU

%CXKFCFGUFGCLWUVGGZCEVQRCTCCNQLCTNQUCNKECVGU
■ 2CTCIWCTFCTNCUJGTTCOKGPVCUFGHQTOCQTFGPCFC

■ &KOGPUKQPGUGZVGTKQTGU
#Z#Z2 ZZOO


 

0ÖOFG '#0 %CRCEKFCF 2WPVCU


CTVÉEWNQ  6KRQ ´OO ´OO 7PKFCFGU I
  ,WGIQFGCNKECVGUFGRTGEKUKÏPRCTCCTCPFGNCU 
  , #NKECVGFGRTGEKUKÏPRCTCCTCPFGNCU   

, RCTCCTCPFGNCUKPVGTKQTGUGPVCNCFTQU RWPVCU   
  # #NKECVGFGRTGEKUKÏPRCTCCTCPFGNCU TGEVCU   
 
# RCTCCTCPFGNCUGZVGTKQTGUGPGLGU   
  , #NKECVGFGRTGEKUKÏPRCTCCTCPFGNCU   
  90°  , RCTCCTCPFGNCUKPVGTKQTGUGPVCNCFTQU RWPVCU   
   # #NKECVGFGRTGEKUKÏPRCTCCTCPFGNCU EWTXCU   
  90°  # RCTCCTCPFGNCUGZVGTKQTGUGPGLGU   


#.+%#6'52#4##4#0&'.#5

 ,WGIQFGCNKECVGURCTCCTCPFGNCU ■
#VTCEVKXCRTGUGPVCEKÏPEQP
RGTHQTCEKÏP'WTQGUV½PFCT
■ %QPVKGPGNQUCNKECVGURCTC

CTCPFGNCUO½UEQOWPGURCTC
UCVKUHCEGTNCUPGEGUKFCFGUO½U
GZKIGPVGU
■ 4QDWUVQGODCNCLGFGRN½UVKEQ

X½NKFQVCODKÅPRCTCGNCNOCEG
PCLGFGNQUCNKECVGU

8 8
   

'#0 %CRCEKFCF 2WPVCU


0ÖOFGCTVÉEWNQ  6KRQ ´OO ´OO 7PKFCFGU I
8   ,WGIQFGCNKECVGURCTCCTCPFGNCU 
, #NKECVGRCTCCTCPFGNCU   
  
, RCTCCTCPFGNCUKPVGTKQTGUGPVCNCFTQU RWPVCU   
# #NKECVGRCTCCTCPFGNCU TGEVCU   
  # RCTCCTCPFGNCUGZVGTKQTGUGPGLGU   
8  ,WGIQFGCNKECVGURCTCCTCPFGNCU 
 , #NKECVGRCTCCTCPFGNCU   

, RCTCCTCPFGNCUKPVGTKQTGUGPVCNCFTQU RWPVCU   
 # #NKECVGRCTCCTCPFGNCU TGEVCU   

# RCTCCTCPFGNCUGZVGTKQTGUGPGLGU   
, #NKECVGRCTCCTCPFGNCU   
 90° 
, RCTCCTCPFGNCUKPVGTKQTGUGPVCNCFTQU RWPVCU   
# #NKECVGRCTCCTCPFGNCU EWTXCU   
 90° 
# RCTCCTCPFGNCUGZVGTKQTGUGPGLGU   


#.6'40#6+8'57%*'0
#755'4)'9²*0.+%*'(#55#&'

/½UCNVQO½UITCPFGO½UQUCFQsFGUFG

57'­15 UKGORTGÅUVQUHWGTQPNQUUWGÍQUSWGJCP
OQXKFQ NC CTSWKVGEVWTC  *Q[ GP FÉC NQU
UWGÍQU UG EQPXKGTVGP GP UQTRTGPFGPVGU
GFKƂEKQU SWG JCEGP TGCNKFCF NC XKUKÏP

'.'80&15'
CTVÉUVKEC[SWGUQPFGCPNQSWGVÅEPKECOGP
VGGUHCEVKDNG%WCPVQO½UUGCEGTSWGPNQU
GFKƂEKQU C NCU PWDGU VCPVQ O½U HWGTVGU
UGT½P NQU GUHWGT\QU SWG FGDGP TGUKUVKT

*#%+#'.%+'.1
2QT GNNQ GP GN KPVGTKQT FG UWU GNGOGPVQU
FGJQTOKIÏPUGGORNGCHGTTCNNCSWGQHTGEG
GUVCDKNKFCF [ ƃGZKDKNKFCF .CU VGPC\CU
FG HGTTCNNKUVC FG -0+2': UG GORNGCP GP
VQFQGNOWPFQRQTGLGORNQRCTCTGCNK\CT
RTQ[GEVQUCTSWKVGEVÏPKEQUGURGEVCEWNCTGU


6GPC\CURCTCECTRKPVGTQ
6GPC\CURCTCCTOCFQTGU

6GPC\CURCTCECTRKPVGTQ                                 
6GPC\CFGJGTTGTQ
VGPC\CRCTCCTTCPECTRCTCECTTQEGTÉCU         
6GPC\CRCTCCNHCTGTQU
VGPC\CRCTCNCFTKNNQU                   

#NKECVGUFGEQTVGHTQPVCN                                

6GPC\CURCTCCTOCFQTGU

VGPC\CURCTCCTOCFQTGUQVGPC\CUVKRQ4CDKV\                  
6GPC\CUFGHWGT\CRCTCCTOCFQTGU                         

'N CTOCFQ FGN JQTOKIÏP TGSWKGTG


VTCDCLQ OCPWCN s GP VQFCU NCU RCT
VGU FGN OWPFQ [ GP NQU GFKƂEKQU O½U
FKXGTUQU .CU VGPC\CU FG HGTTCNNKUVC
-0+2':QHTGEGPCNQUVTCDCLCFQTGUFG
NCEQPUVTWEEKÏPWPCUQNWEKÏPRQVGPVG[
GTIQPÏOKECRCTCUWHCDTKECEKÏP


6'0#<#52#4#%#42+06'41

6GPC\CURCTCECTRKPVGTQ ■


2CTCVTCDCLQURGUCFQU
'URGEKCNOGPVGCRTGEKCFQRQT
&+0+51 CTVGUCPQUFGDKFQCUWRTGEKUC
GNCDQTCEKÏP

4GUKUVGPVGCNFGUICUVG[DKGP
GSWKNKDTCFC
■ (KNQUFGEQTVGVGORNCFQU

CFKEKQPCNOGPVGFWTG\CFGNQU
HKNQUCRTQZ*4%
■ #EGTQGURGEKCNRCTCJGTTCOKGP

VCUHQTLCFQVGORNCFQCNCEGKVG






%CRCEKFCFFGEQTVG
0ÖOFG '#0
CTVÉEWNQ  OO #NKECVG %CDG\C /CPIQU ´OO I
    
    
    
PGITQCVTCOGPVCFQ RWNKFC
    
    
    
    
    
    
 PGITQCVTCOGPVCFQ RWNKFC TGEWDKGTVQUFGRN½UVKEQ
    
    
    


6GPC\CRCTCECTRKPVGTQ ■ %QPUWRGTHKEKGRCTCOCTVKNNGCT
GPGNGORWLGFGRWPVCU
&+0+51 ■ (KNQUFGEQTVGVGORNCFQU

CFKEKQPCNOGPVGFWTG\CFGNQU
HKNQUCRTQZ*4%
■ #EGTQGURGEKCNRCTCJGTTCOKGP

VCUHQTLCFQVGORNCFQCNCEGKVG

/WNVKHWPEKQPCNOCTVKNNGCT[GORWLCTRWPVCU



0ÖOFG '#0
CTVÉEWNQ  OO #NKECVG %CDG\C /CPIQU I
   PGITQCVTCOGPVCFQ RWNKFC TGEWDKGTVQUFGRN½UVKEQ 


6'0#<#52#4#%#42+06'41

6GPC\CFGJGTTGTQ ■


.CVGPC\CKFGCNRCTCGNJGTTGTQ
%QPWPCECDG\CRGSWGÍC[WPVQRG

VGPC\CRCTCCTTCPECTRCTCECTTQEGTÉCU ■ +FGCNRCTCNQUVCNNGTGUFGECTTQEGTÉC

■ (KNQUFGEQTVGVGORNCFQUCFKEKQPCNOGPVG
&+0+51
FWTG\CFGNQUHKNQUCRTQZ*4%

#EGTQGURGEKCNRCTCJGTTCOKGPVCUHQTLCFQVGORNCFQCNCEGKVG




0ÖOFG '#0
CTVÉEWNQ  OO #NKECVG %CDG\C OO I
   PGITQCVTCOGPVCFQ RWNKFC  


6GPC\CRCTCCNHCTGTQU
VGPC\CRCTCNCFTKNNQU ■


2CTCVTCDCLQUFGCNHCTGTÉC
%QPEQTVCCNCODTGURCTCCNCODTGDNCPFQ
&+0+51 ■ (KNQUFGEQTVGVGORNCFQUCFKEKQPCNOGPVG

FWTG\CFGNQUHKNQUCRTQZ*4%
■ #EGTQGURGEKCNRCTCJGTTCOKGPVCUHQTLCFQVGORNCFQCNCEGKVG




0ÖOFG '#0 #PEJWTCFGNCECDG\C


CTVÉEWNQ  OO #NKECVG %CDG\C OO I
   PGITQCVTCOGPVCFQ RWNKFC  


#NKECVGUFGEQTVGHTQPVCN ■ 2CTCEQTVCTCNCODTGDNCPFQ
[FWTQ

6CODKÅPX½NKFQRCTCCVCT
[EQTVCTHGTTCNNC

(KNQUFGEQTVGVGORNCFQU
CFKEKQPCNOGPVGRQTKPFWEEKÏP
&WTG\CCRTQZFGNQUHKNQU
*4%

#EGTQGURGEKCNRCTC
JGTTCOKGPVCUHQTLCFQ[
VGORNCFQCNCEGKVG
 'NHQTOCVQFGNCECDG\CRGTOKVGWPFGU
 CTTQNNQQRVKOK\CFQFGNQUOQXKOKGPVQUCN
VGPUCTGNPWFQVTGP\CFQFWTCPVGNQUVTCDCLQ
FGCTOCFQ

%CRCEKFCFFGEQTVG
0ÖOFG '#0
CTVÉEWNQ  OO #NKECVG %CDG\C /CPIQU ´OO ´OO ´OO I
      
      
PGITQCVTCOGPVCFQ RWNKFC TGEWDKGTVQUFGRN½UVKEQ
      
      


6'0#<#52#4##4/#&14'5

 6GPC\CURCTCCTOCFQTGU ■
2CTCVQTEGT[EQTVCTECDNGGPWPCUQNCQRGTCEKÏP
T½RKFCHKCDNG[GEQPÏOKEC

VGPC\CURCTCCTOCFQTGUQVGPC\CUVKRQ4CDKV\ ■ 5WRTGEKUKÏP[NCTICFWTCEKÏPJCEGPFGGUVCUVGPC\CU

&+0+51 NCUO½UEQORTCFCUFGGUVGVKRQGPVQFQGNOWPFQ

(KNQUFGEQTVGVGORNCFQUCFKEKQPCNOGPVGFWTG\CFG
NQUHKNQUCRTQZ*4%
■ #EGTQGURGEKCNRCTCJGTTCOKGPVCUHQTLCFQ[VGORNCFQCNCEGKVG

    




-
%QPWPCCPEJWTCFGECDG\CFG
OOGURGEKCNRCTCTQORGT[
FCTHQTOCCNQUGVCUFGOQUCKEQ

-


%CRCEKFCFFGEQTVG
0ÖOFG '#0
CTVÉEWNQ  OO #NKECVG %CDG\C /CPIQU ´OO ´OO I
     
     
   PGITQCVTCOGPVCFQ RWNKFC   
     
     
-    PGITQCVTCOGPVCFQ RWNKFC    
     
     
   PGITQCVTCOGPVCFQ RWNKFC TGEWDKGTVQUFGRN½UVKEQ   
     
     
       
    ETQOCFQ   
     


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#NKECVGUFGEQTVGFKCIQPCN                               
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#NKECVGUFGEQTVGHTQPVCN                                 
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WPCUTGNCEKQPGUFGRCNCPECOW[HCXQTCDNGUEQPWPCHTKEEKÏP
OW[TGFWEKFC.CUHWGT\CUFGEQTVGUGUKVÖCPO½UFGXGEGU
RQTGPEKOCFGNCHWGT\COCPWCNIGPGTCFC

4GPFKOKGPVQFGEQTVGOGLQTCFQ
 %QTVGH½EKNFGITCPFGUUGEEKQPGUOGFKCPVGHKNQUFGEQTVG
 OKETQGUVTWEVWTCFQU
%QPUWRGTHKEKGFGCICTTGFGDCLQFGNCCTVKEWNCEKÏPRCTC
CICTTCT[VTGHKNCTCNCODTGUCRCTVKTFG´OO


(KNQUFGEQTVGFGRTGEKUKÏPRCTCCNCODTGDNCPFQFWTQ[EWGTFC
FGRKCPQ
■ 2CTCEQTVCTEQORQPGPVGUEQOQDWNQPGUENCXQUTGOCEJGUGVE

 JCUVCOOFGFK½OGVTQ

%QTVGGZEGREKQPCNEQPRQEQGUHWGT\QFGOCPQITCEKCUCUW

CEEKÏPRCNCPECOW[GHGEVKXC

(KNQUFGEQTVGVGORNCFQUCFKEKQPCNOGPVGRQTKPFWEEKÏP
&WTG\CCRTQZFGNQUHKNQUFGEQTVG*4%
■ #EGTQCNETQOQXCPCFKQFGCNVQTGPFKOKGPVQHQTLCFQ

VGORNCFQCNCEGKVG


%QPOCPIQUGUVTGEJQUDKEQNQTGUOWNVKEQORQPGPVGUKPTGDQTFGRCTCWPCOGLQT
OCPKRWNCEKÏP[WPVTCPURQTVGO½UUGPEKNNQEQPITCPUWRGTHKEKGFGEQPVCEVQGPNQU
 OCPIQURCTCWPCOGLQTFKUVTKDWEKÏPFGNCRTGUKÏP[WPVTCDCLQO½UEQPHQTVCDNG
  NCJGPFKFWTCGPNQUHKNQURGTOKVGWPEQTVGO½UH½EKNFGCNCODTGUITWGUQUGLHCNUQU
VGEJQU


'NOWGNNGFGCRGTVWTC[GNEKGTTGGUV½PKPVGITCFQUCFKEKQPCNOGPVGGPNQUOCPIQU
RCTCWPVTCDCLQEQPHQTVCDNG[WPVTCPURQTVGUGIWTQ
6KRQ
%QPECDG\CGP½PIWNQFGŒEQPCTVKEWNCEKÏPGURGEKCN[HKNQUFGEQTVGFKCIQPCN
RCTCWPEQTVGCNTCUEQPGURCEKQRCTCCICTTCT

6KRQ
.CJGPFKFWTCGPNQUHKNQURGTOKVGWPEQTVG
O½UH½EKNFGCNCODTGUITWGUQUGLHCNUQU
VGEJQU


20°    6KRQ
.CJGPFKFWTCGPNQUHKNQURGTOKVGWPEQTVGO½UH½EKNFGCNCODTGUITWGUQUGLHCNUQU
VGEJQUEQPECDG\CGP½PIWNQFGŒEQPCTVKEWNCEKÏPGURGEKCN[HKNQUFGEQTVG
FKCIQPCNRCTCWPEQTVGCNTCUEQPGURCEKQRCTCCICTTCT


20°  


#.+%#6'5%146#06'5

%QTVGH½EKNFGITCPFGUUGEEKQPGUOGFKCPVG %QPUWRGTƂEKGFGCICTTG
HKNQUFGEQTVGOKETQGUVTWEVWTCFQU FGDCLQFGNCCTVKEWNCEKÏP
RCTCCICTTCT[VTGƂNCT
CNCODTGUCRCTVKTFG
´OO

 [

Š
%Q$QNV
2QTNCOWGUECSWGNNGXCGNHKNQEGTECFGNC %QPECDG\CGP½PIWNQFGŒEQPCTVKEWNC
CTVKEWNCEKÏPNQUCNCODTGUO½UITWGUQUUGOCPVKGPGPGPWPC EKÏPGURGEKCN[HKNQUFGEQTVGFKCIQPCNRCTCWPEQTVGCNTCU
RQUKEKÏPFGEQTVGHCXQTCDNG
TGNCEKÏPÏRVKOCFGRCNCPEC 'N EQPGURCEKQRCTCCICTTCT
TGCLWUVGJCDKVWCNFGNQUEQTVCXCTKNNCUUGUWRTKOG
%CRCEKFCFFGEQTVG
0ÖOFG '#0
CTVÉEWNQ  OO 6KRQ #NKECVG /CPIQU ´OO ´OO ´OO ´OO I
PGITQ
    TGEWDKGTVQUFGRN½UVKEQ     
CVTCOGPVCFQ
PGITQ
     EQPHWPFCUGUDGNVCUGPFQUEQORQPGPVGU     
CVTCOGPVCFQ
PGITQ
     EQPHWPFCUGUDGNVCUGPFQUEQORQPGPVGU     
CVTCOGPVCFQ
PGITQ
     TGEWDKGTVQUFGRN½UVKEQ     
CVTCOGPVCFQ
PGITQ
     EQPHWPFCUGUDGNVCUGPFQUEQORQPGPVGU     
CVTCOGPVCFQ

PGITQ
   20°    TGEWDKGTVQUFGRN½UVKEQ     
CVTCOGPVCFQ
PGITQ
   20°    EQPHWPFCUGUDGNVCUGPFQUEQORQPGPVGU     
CVTCOGPVCFQ
PGITQ
   20°    TGEWDKGTVQUFGRN½UVKEQ     
CVTCOGPVCFQ


#.+%#6'5%146#06'5

 %QTVCXCTKNNCU ■


%CRCEKFCFFGEQTVGJCUVCWPCFWTG\CFG*4%
(KNQUFGEQTVGTQDWUVQUVGORNCFQUCFKEKQPCNOGPVGRQTKPFWEEKÏP
RCTCOCVGTKCNGUFWTQUFGJCUVC*4% FWTG\CFGNQUHKNQUFGCRTQZ*4%
■ 6QRGHQTLCFQEQPCOQTVKIWCFQTEQPHQTVCDNG


(½EKNCEEGUQCNCRKG\CFGVTCDCLQITCEKCUCUWFKUGÍQGUDGNVQGPNC
\QPCFGNCECDG\C[NCCTVKEWNCEKÏP
■ $TC\QUGTIQPÏOKECOGPVGCEQFCFQURCTCVTCDCLCTUKPECPUCTUG


/CPIQUGPFQUEQORQPGPVGUDKEQNQTTQDWUVQU[OCPGLCDNGU
 ■ #LWUVGRTGEKUQ
GPRQUKEKQPGU RQTOGFKQFGVQTPKNNQUGZEÅPVTKEQU

■ 5GTGSWKGTGRQEQGUHWGT\QGPGNEQTVGITCEKCUCNCRGTHGEVCEQQTFKPC
 
EKÏPFGN½PIWNQFGEQTVG[NCRTQRQTEKÏPFGNCURCNCPECU

%CDG\CFGEQTVGCVQTPKNNCFCKPVGTECODKCDNG
■ %WEJKNNCCEGTQCNETQOQXCPCFKQFGCNVQTGPFKOKGPVQHQTLCFQ

VGORNCFQCNCEGKVG
■ #TVKEWNCEKÏPCEGTQGURGEKCNRCTCJGTTCOKGPVCUHQTLCFQ

■ /CPIQUVWDQFGCEGTQRKPVCFQCNGRQZK

6QRGHQTLCFQEQPGNGOGPVQCOQTVKIWCFQT
COQTVKIWCEÏOQFCOGPVGGNKORCEVQFGN
EQTVG

  


     

%CRCEKFCFFGEQTVG
0ÖOFG '#0 *4% *4% *4%
CTVÉEWNQ  OO %CDG\C /CPIQU ´OO ´OO ´OO I
       
        
ITKUCVTCOGPVCFQ EQPHWPFCUGPFQUEQORQPGPVGU
       
        

  %CDG\CFGEQTVGFGTGECODKQRCTCKPENW[GVQTPKNNQU


  %CDG\CFGEQTVGFGTGECODKQRCTCKPENW[GVQTPKNNQU
  %CDG\CFGEQTVGFGTGECODKQRCTCKPENW[GVQTPKNNQU
  %CDG\CFGEQTVGFGTGECODKQRCTCKPENW[GVQTPKNNQU


#.+%#6'5%146#06'5

 %QTVCPVGRCTCXCTKNNCUFGGPEQHTCFQ ■


%CRCEKFCFFGEQTVGJCUVCWPCFWTG\CFG*4%
(KNQUFGEQTVGTQDWUVQUVGORNCFQUCFKEKQPCNOGPVGRQTKPFWEEKÏP
FWTG\CFGNQUHKNQUFGCRTQZ*4%
■ 6QRGHQTLCFQEQPCOQTVKIWCFQTEQPHQTVCDNG


(½EKNCEEGUQCNCRKG\CFGVTCDCLQITCEKCUCUWFKUGÍQGUDGNVQGPNC
\QPCFGNCECDG\C[NCCTVKEWNCEKÏP
■ $TC\QUGTIQPÏOKECOGPVGCEQFCFQURCTCVTCDCLCTUKPECPUCTUG


/CPIQUGPFQUEQORQPGPVGUDKEQNQTTQDWUVQU[OCPGLCDNGU
■ #LWUVGRTGEKUQ
GPRQUKEKQPGU RQTOGFKQFGVQTPKNNQUGZEÅPVTKEQU

■ 5GTGSWKGTGRQEQGUHWGT\QGPGNEQTVGITCEKCUCNCRGTHGEVC

EQQTFKPCEKÏPFGN½PIWNQFGEQTVG[NCRTQRQTEKÏPFGNCURCNCPECU

%CDG\CFGEQTVGCVQTPKNNCFCKPVGTECODKCDNG
■ %WEJKNNCCEGTQCNETQOQXCPCFKQFGCNVQTGPFKOKGPVQHQTLCFQ

VGORNCFQCNCEGKVG
■ #TVKEWNCEKÏPCEGTQGURGEKCNRCTCJGTTCOKGPVCUHQTLCFQ

■ /CPIQUVWDQFGCEGTQ

RKPVCFQCNGRQZK

 'NHQTOCVQGURGEKCNFGNEQTVCPVGRCTC
XCTKNNCFGGPEQHTCFQRGTOKVG
GNEQTVGFGCEGTQUFGEQPUVTWEEKÏP
UKVWCFQUGPRNCPQ

%CRCEKFCFFGEQTVG
0ÖOFG '#0 *4% *4% *4%
CTVÉEWNQ  OO %CDG\C /CPIQU ´OO ´OO ´OO I
   ITKUCVTCOGPVCFQ EQPHWPFCUGPFQUEQORQPGPVGU    
        
  %CDG\CFGEQTVGFGTGECODKQRCTCKPENW[GVQTPKNNQU


#.+%#6'5%146#06'5

%QTVCDWNQPGUFGEQTVGHTQPVCN 2QVGPVGEQORCEVQEÏOQFQ

ITCPGHGEVQRCNCPEC
■ /C[QTECRCEKFCFFGEQTVGOGPQUGUHWGT\Q[OGLQTOCPGLCDKNKFCF
GPEQORCTCEKÏPEQPNQUCNKECVGUEQPXGPEKQPCNGUFGEQTVGHTQPVCN
&+0+51 FGRCNCPEC

2CTCVQFCUNCUENCUGUFGCNCODTGKPENW[GPFQGNCNCODTGFGEWGTFC
FGRKCPQ
■ 4GPFKOKGPVQFGEQTVGGURGEKCNOGPVGGNGXCFQITCEKCUCNCCTVKEWNCEKÏP

EQPGNGXCFCOWNVKRNKECEKÏP
■ (KNQUFGEQTVGVGORNCFQUCFKEKQPCNOGPVGRQTKPFWEEKÏP

&WTG\CCRTQZFGNQUHKNQUFGEQTVG*4%


#EGTQGNÅEVTKEQCNXCPCFKQHQTLCFQVGORNCFQCNCEGKVG
85°   
%QPOCPIQUGUVTGEJQUDKEQNQTGUOWNVKEQORQPGPVGUKPTGDQTFGRCTCWPCOGLQT
OCPKRWNCEKÏP[WPVTCPURQTVGO½UUGPEKNNQEQPITCPUWRGTHKEKGFGEQPVCEVQGPNQU
OCPIQURCTCWPCOGLQTFKUVTKDWEKÏPFGNCRTGUKÏP[WPVTCDCLQO½UEQPHQTVCDNG


85°  

)TCPECRCEKFCFFGEQTVGVCODKÅPX½NKFQ 2CTVKEWNCTOGPVGCFGEWCFQRCTC %QTVCRTCEVKECOGPVGCNTCUFGDWNQPGU


RCTCEWGTFCFGRKCPQ EQPUVTWEEKQPGUFGXCNNCFQU ENCXQUGVE

%CRCEKFCFFGEQTVG
0ÖOFG '#0
CTVÉEWNQ  OO #NKECVG %CDG\C /CPIQU ´OO ´OO ´OO ´OO I
   85°  PGITQCVTCOGPVCFQ RWNKFC TGEWDKGTVQUFGRN½UVKEQ     
   85°   PGITQCVTCOGPVCFQ RWNKFC EQPHWPFCUGUDGNVCUGPFQUEQORQPGPVGU     


#NKECVGUFGEQTVGHTQPVCNGZVTCHWGTVG ■
%QPHKNQURCTCEQTVCTCNCODTGDNCPFQ[FWTQCUÉEQOQEWGTFC
FGRKCPQ
&+0+51 ■
#NVCECRCEKFCFFGEQTVGEQPRQEQGUHWGT\QFGOCPQFGDKFQC
NCÏRVKOCEQQTFKPCEKÏPFGN½PIWNQFGEQTVG[NCRTQRQTEKÏPFG
NCURCNCPECU

(KNQUFGEQTVGVGORNCFQUCFKEKQPCNOGPVGRQTKPFWEEKÏP
&WTG\CCRTQZFGNQUHKNQUFGEQTVG*4%

#EGTQCNETQOQXCPCFKQFGCNVQTGPFKOKGPVQHQTLCFQ
VGORNCFQCNCEGKVG



%CRCEKFCFFGEQTVG
0ÖOFG '#0
CTVÉEWNQ  OO #NKECVG %CDG\C /CPIQU ´OO ´OO ´OO ´OO I
       
   PGITQCVTCOGPVCFQ RWNKFC TGEWDKGTVQUFGRN½UVKEQ     
       
        
EQPHWPFCUGPFQU
    ETQOCFQ     
EQORQPGPVGU
       


#.+%#6'5%146#06'5

#NKECVGUFGEQTVGHTQPVCN 'NHQTOCVQFGNCECDG\CRGTOKVGWPFGUCTTQNNQQRVKOK\CFQ
FGNQUOQXKOKGPVQUCNVGPUCTGNPWFQVTGP\CFQFWTCPVG
&+0+51 NQUVTCDCLQFGCTOCFQ

2CTCEQTVCTCNCODTGDNCPFQ
[FWTQ

6CODKÅPX½NKFQRCTCCVCT
[EQTVCTHGTTCNNC
■ (KNQUFGEQTVGVGORNCFQU

CFKEKQPCNOGPVGRQTKPFWEEKÏP
&WTG\CCRTQZFGNQUHKNQU
 *4%
 ■
#EGTQGURGEKCNRCTCJGTTCOKGP
VCUHQTLCFQ[VGORNCFQCNCEGKVG

'NHQTOCVQFGNCECDG\CRGTOKVGWPFGU
CTTQNNQQRVKOK\CFQFGNQUOQXKOKGPVQUCN
VGPUCTGNPWFQVTGP\CFQFWTCPVGNQUVTCDCLQ
FGCTOCFQ




%CRCEKFCFFGEQTVG
0ÖOFG '#0
CTVÉEWNQ  OO #NKECVG %CDG\C /CPIQU ´OO ´OO ´OO I
      
      
PGITQCVTCOGPVCFQ RWNKFC TGEWDKGTVQUFGRN½UVKEQ
      
      


#NKECVGUFGEQTVGHTQPVCNRCTCOGE½PKEC ■
%QPHKNQUFGEQTVGRCTCCNCODTGDNCPFQFWTQ[EWGTFCFGRKCPQ
6CODKÅPCFGEWCFQRCTCCNCODTGUHKPQUFGEQDTG
&+0+51 ■ #TVKEWNCEKÏPGPECLCFC


(KNQUFGEQTVGVGORNCFQUCFKEKQPCNOGPVGRQTKPFWEEKÏP
&WTG\CCRTQZFGNQUHKNQUFGEQTVG*4%

#EGTQCNETQOQXCPCFKQFGCNVQTGPFKOKGPVQHQTLCFQ
VGORNCFQCNCEGKVG




%CRCEKFCFFGEQTVG &KOGPUKQPGU
0ÖOFG '#0 # $ & %
CTVÉEWNQ  OO #NKECVG %CDG\C /CPIQU ´OO ´OO ´OO ´OO OO OO OO OO I
PGITQ
   RWNKFC TGEWDKGTVQUFGRN½UVKEQ         
CVTCOGPVCFQ

    ETQOCFQ TGEWDKGTVQUFGRN½UVKEQ         


2'5152'5#&15 2CTCNQUGZRNQVCFQTGUFGOKPCUPQGZKUVG
GN FGUECPUQ .C GZRNQVCEKÏP FG OCVGTKCU
RTKOCU FGDG HWPEKQPCT UKP KPVGTTWREKÏP
 JQTCU CN FÉCU [  FÉCU CN CÍQ

%#5+
0CVWTCNOGPVG GN GUHWGT\Q GZVTGOQ FG
NCU O½SWKPCU FG GZRNQVCEKÏP [ FG NQU
ECOKQPGU RCTC NC OKPGTÉC FGLC JWGNNCU
2QT GNNQ NQU GSWKRQU FG OCPVGPKOKGPVQ

#..©/+6'
GUV½PFKURQPKDNGUNCUXGKPVKEWCVTQJQTCUFGN
FÉC RCTC UQNWEKQPCT EWCNSWKGT KPEKFGPEKC
.CUVGPC\CURCTCDQODCUFGCIWC-0+2':
UG GORNGCP RCTC TGRCTCT EQP TCRKFG\ [
UGIWTKFCFNQUECOKQPGUFGOKPGTÉCGPNQU
NWICTGUO½UKPJÏURKVQUFGNOWPFQ


6GPC\CUNNCXG
6GPC\CURCTCDQODCUFG
CIWC[NNCXGURCTCVWDQU

6GPC\CUNNCXG                                         
6GPC\CUNNCXG:.                                     

.NCXGOÖNVKRNGCLWUVCDNG                                
5OCTV)TKRŠ                                         

%QDTCŠ                                          
%QDTCŠ:.::.                                     
%QDTCŠOCVKE                                      
%QDTCŠ3WKEM5GV                                     
%QDTCŠ8&'                                        
%QDTCŠ'5                                         

#NKECVGRCTCCDTC\CFGTCU                               
#NKECVGRCTCCDTC\CFGTCUEQPƂLCFQT                        
#NKECVGRCTCCDTC\CFGTCURCTCCDTC\CFGTCU%NKEM               

#NNKICVQTŠ                                         
#NNKICVQTŠ:.                                        

6GPC\CURCTCDQODCUFGCIWC                            
/KPKVGPC\CURCTCDQODCUFGCIWC                        

.NCXGURCTCVWDQUFGDQECUC–                         
.NCXGURCTCVWDQUFGDQECUC–                          
.NCXGURCTCVWDQUGPHQTOCFG5                          
.NCXGURCTCVWDQUGPHQTOCFG5EQPCLWUVGT½RKFQ              

6GPC\CRCTCVWDGTÉCU[TCEQTGU                            

4QDWUVCUƂCDNGU[EQPWPCICTTGHWGT
VGGUVCUUQPNCUECTCEVGTÉUVKECUFGNCU
VGPC\CURCTCDQODCUFGCIWC-0+2':
GP NCU CRNKECEKQPGU O½U FKXGTUCU GU
FGEKTKPUVCNCPFQVWDGTÉCUQTGRCTCPFQ
XGJÉEWNQUFGEQPUVTWEEKÏP


6'0#<#5..#8'

6GPC\CUNNCXG
.CUOQTFC\CUNKUCURTGUKQPCPVQFQVKRQFGUWRGTHKEKGURCTCN
#NKECVGU[LWGIQFGNNCXGUGPWPCUQNCJGTTCOKGPVC GNCUEQPWPGNGXCFQPKXGNFGRTGUKÏPFGPVTQFGUWECRCEKFCF
&+0+51 FGCRGTVWTCNQSWGQVQTICCNCVGPC\CNNCXGWPECORQFG
CRNKECEKQPGUECUKKNKOKVCFQRGLRCTCCRTGVCTVWGTECURCTC
VTCDCLCTGPUWRGTHKEKGUVTCVCFCUUKPFCÍCTNCURCTCCDTKTCDTC\
CFGTCUFGECDNGQEQOQRGSWGÍQVQTPKNNQFGDCPEQ

 5WUVKVW[GCWPLWGIQEQORNGVQFGNNCXGUHKLCUVCPVQ
  GPOÅVTKECEQOQGPRWNICFCU
/QTFC\CURNCPCURCTCGNEWKFCFQUQOQPVCLGFGITKHGTÉC
EQPVTCVCOKGPVQUWRGTHKEKCN

■ *GTTCOKGPVCCLWUVCDNGRCTCTQUECT

/W[CFGEWCFCVCODKÅPRCTCCICTTCTUWLGVCTRTGPUCT[FQDNCT
RKG\CUCOGECPK\CT
 ■ #LWUVGRGTHGEVQCNCUECTCUFGNCUVWGTECUGXKVCPFQSWGGUVCUUG

  TGFQPFGGP
■ #LWUVGCWVQO½VKEQOGFKCPVGRWNUCEKÏPFGDQVÏPFKTGEVCOGPVGGP

NCRKG\CFGVTCDCLQ

#ICTTGRGTHGEVQITCEKCUCNCUOQTFC\CURCTCNGNCUUWFKUGÍQRGTOKVG
CFCRVCTNCCVQFQUNQUCPEJQUFGDQECJCUVCGNO½ZKOQGURGEKHKECFQ
■ 4GEGREKÏPUGIWTCFGNCIWÉCKORQUKDNGFGUCLWUVCTKPXQNWPVCTKCOGPVG


#LWUVG[NKDGTCEKÏPT½RKFCFGNCUOQTFC\CUITCEKCUCNGHGEVQECTTCEC
■ .CHWGT\CGLGTEKFCGPNQUOCPIQUUGOWNVKRNKECRQTGPNCU

OQTFC\CUITCPECRCEKFCFFGUWLGEKÏP


#EGTQGNÅEVTKEQCNETQOQXCPCFKQHQTLCFQVGORNCFQCNCEGKVG
 
.QPIKVWFOO
.CRGSWGÍCVGPC\CNNCXGRCTCVTCDCLQUFGOGE½PKECFGRTGEKUKÏP'URGEKCNOGPVG
KPFKECFCRCTCVTCDCLQUEQPRGSWGÍQUTCEQTGU(½EKNCEEGUKDKNKFCFGPEQPFKEKQPGUFG
RQEQGURCEKQ

.QPIKVWFOO
.CRGSWGÍCVGPC\CNNCXGRCTCVTCDCLQUFGOGE½PKECFGRTGEKUKÏPNNCXGWPKXGTUCN
KFÏPGCGPHQTOCVQFGDQNUKNNQKORTGUEKPFKDNGRCTCLWGIQUFGJGTTCOKGPVCURCTC
CEEKQPGUT½RKFCU

  .QPIKVWFOO
%QPOQTFC\CUGUDGNVCUsRCTCUKVWCEKQPGUFGCVQTPKNNCFQSWGTGSWKGTGPWPC
JGTTCOKGPVCGUDGNVC


 

6GPC\CNNCXG2TGUKÏPUWRGTHKEKCNNKDTGFG .NCXGHKLCEQPXGPEKQPCNRCTCVWGTECU.CRTG #LWUVGT½RKFQOGFKCPVGDQVÏP


LWGIQUKPFCÍCTNQUECPVQU UKÏPUQDTGNQUECPVQURTQFWEGFGURGTHGEVQU


6'0#<#5..#8'

/KPK6GPC\CNNCXG
'URGEKCNOGPVGKPFKECFCRCTC
VTCDCLQUEQPRGSWGÍQUTCEQTGU
(½EKNCEEGUKDKNKFCFGPEQPFKEKQPGU
FGRQEQGURCEKQ

6COCÍQQTKIKPCN

2CTCVTCDCLCTGPUWRGTHKEKGUVTCVCFCUUKPFCÍCTNCU 5WUVKVW[GCWPLWGIQEQORNGVQFGNNCXGUFGVWGTECUVCPVQ +FGCNVCODKÅPRCTCVTCDCLQUFGHNGZKÏP


GPOÅVTKECEQOQGPRWNICFCU

&KOGPUKQPGU
0ÖOFG '#0 2QUKEKQPGU $ $ $
CTVÉEWNQ  OO #NKECVG /CPIQU 2WNICFCU OO FGCLWUVG OO OO OO I
         
         
    ETQOCFQ TGEWDKGTVQUFGRN½UVKEQ       
         
         
         
     ETQOCFQ EQPHWPFCUGPFQUEQORQPGPVGU       
         


6'0#<#5..#8':.

 6GPC\CNNCXG:. .CUKPIWNCTJGTTCOKGPVCFGOQPVCLGCJQTCVCODKÅP
EQPOOFGNQPIKVWF
#NKECVGU[LWGIQFGNNCXGUGPWPCUQNCJGTTCOKGPVC
&+0+51 2CTCCPEJQUFGDQECFGJCUVCOO


/W[CFGEWCFCVCODKÅPRCTCCICTTCTUWLGVCT
RTGPUCT[FQDNCTRKG\CUCOGECPK\CT

#FCRVCEKÏPQRVKOK\CFCCNCRKG\CEQPWPCRQUKEKÏP
GTIQPÏOKECFGNOCPIQ
■ 4GEGREKÏPUGIWTCFGNCIWÉCKORQUKDNGFGUCLWUVCT

KPXQNWPVCTKCOGPVG

.CHWGT\CGLGTEKFCGPNQUOCPIQUUGOWNVKRNKECRQT
GPNCUOQTFC\CUITCPECRCEKFCFFGUWLGEKÏP
■ #EGTQGNÅEVTKEQCNETQOQXCPCFKQHQTLCFQVGORNCFQCNCEGKVG

*GTTCOKGPVCCLWUVCDNGRCTCTQUECTUWUVKVW[GCXCTKCUNNCXGUHKLCU
ITCPFGU[EQUVQUCU

#ICTTGRGTHGEVQFGVQFQUNQUCPEJQUFGDQECJCUVCNCECRCEKFCF
KPFKECFCFGOOQqITCEKCUCNCUOQTFC\CURCTCNGNCU

$QECUNKUCURCTCWPOQPVCLGEWKFCFQUQFGTCEQTGUFGNCVÏPFGCNVC
ECNKFCFHWPFKEKÏPTQLCCEGTQKPQZKFCDNGQOCVGTKCNGUETQOCFQU

0QUGFCÍCPNCUCTKUVCUFGVQTPKNNQUFGNKECFQUFGDKFQCNEQPVCEVQ
NKDTGFGLWGIQ[GPVQFCNCUWRGTHKEKG

#LWUVG[NKDGTCEKÏPT½RKFCFGNCUOQTFC\CUITCEKCUCNGHGEVQECTTCEC

#LWUVGCWVQO½VKEQOGFKCPVGRWNUCEKÏPFGDQVÏPFKTGEVCOGPVG
GPNCRKG\CFGVTCDCLQ

%CDG\CVCOCÍQQTKIKPCN

&KOGPUKQPGU
0ÖOFG '#0 2QUKEKQPGUFG $ $ $
CTVÉEWNQ  OO #NKECVG /CPIQU 2WNICFCU OO CLWUVG OO OO OO I
    ETQOCFQ TGEWDKGTVQUFGRN½UVKEQ       


6'0#<#52#4#$1/$#5&'#)7#

 .NCXGOÖNVKRNGCLWUVCDNG
.CNNCXGOÖNVKRNGCLWUVCDNGFG-0+2':EQODKPCNC
&+0+51 HCEKNKFCFFGNUKUVGOCFGCLWUVGT½RKFQOGFKCPVGDQVÏPEQP
NCHWPEKÏPFGWPCJGTTCOKGPVCFGCRTKGVGWPKXGTUCN'NCICTTG
UKPLWGIQFGNCUOQTFC\CUGXKVCWPFGUNK\COKGPVQFGNTCEQT
QGNTGFQPFGQFGNCUCTKUVCUFGNQUVQTPKNNQU
+PENWUQNQUTCEQTGUQZKFCFQUQRKPVCFQUSWG[CPQ
QHTGEGPPKPIWPCUWRGTHKEKGUGIWTCFGCICTTGRCTCWPCNNCXG
 EQPXGPEKQPCNRWGFGPCHNQLCTUGEQPNCUOQTFC\CURQTUW
   EKGTTGGZVTCQTFKPCTKCOGPVGRQVGPVG

■ 2CTCVWGTECU[VQTPKNNQUOÅVTKEQU[FGRWNICFCUEQPCPEJWTCUFGNNCXG
FGCOO
C FGCWVQTGVGPEKÏPGPGNTCPIQC
RCTVKTFGOOUKPFGUNK\COKGPVQUQDTGNCRKG\C
■ #ICTTGUKPJQNIWTCFGECDG\CUFGVQTPKNNQUJGZCIQPCNGUOÅVTKEQU

[FGRWNICFCUUKPTGFQPFGCTNCUECDG\CUFGNQUVQTPKNNQU

#ICTTGUGIWTQ[HKTOGKPENWUQGPVWGTECU[VQTPKNNQUTGFQPFGCFQU
QZKFCFQUQRKPVCFQU

+FGCNRCTCVTCDCLCTGPUKUVGOCUFGHTGPQUFGXGJÉEWNQU

#RTGVCT[CHNQLCTT½RKFCOGPVGWPKQPGUTQUECFCUEQPHQTOGCN
RTKPEKRKQFGECTTCEC
#WVQTGVGPEKÏP#PVKFGUNK\CPVGUGPRKG\CU[TGSWKGTGWPOGPQTGUHWGT\Q ■
#LWUVGOGFKCPVGRWNUCEKÏPFGDQVÏPFKTGEVCOGPVGGPNCRKG\C
VCODKÅPGURQUKDNGJCEGTNQEQPWPCOCPQ
■ #LWUVGRTGEKUQRCTCNCCFCRVCEKÏPÏRVKOCCFKXGTUQUVCOCÍQU

FGRKG\CU[RCTCWPCRQUKEKÏPGTIQPÏOKECFGNOCPIQ

#TVKEWNCEKÏPOCEJKJGODTCFCITCPGUVCDKNKFCFRQTNCFQDNGIWÉC
■ 4GEGREKÏPUGIWTCFGNCIWÉCKORQUKDNGFGUCLWUVCTKPXQNWPVCTKCOGPVG


#EEKÏPFGRCNCPECÏRVKOCÏRVKOCVTCPUOKUKÏPFGHWGT\C

7PTGVÅPRTQVGEVQTGXKVCSWGGNVTCDCLCFQTUGRGNNK\SWGNQUFGFQU
■ 5WUVKVW[GCWPLWGIQFGNNCXGUFGVWGTECUKFGCNRCTCHKLCTRQT

EQPVTCVWGTEC

#EGTQGNÅEVTKEQCNETQOQXCPCFKQHQTLCFQVGORNCFQCNCEGKVG

#LWUVGT½RKFQOGFKCPVGDQVQP 6TCDCLQGPVWGTECURTKGVCUEQPCTKUVCU
T½RKFQ[EÏOQFQ TGFQPFGCFCU

0ÖOFG '#0 2QUKEKQPGU


CTVÉEWNQ  OO #NKECVG %CDG\C /CPIQU 2WNICFCU OO FGCLWUVG I
    ITKUCVTCOGPVCFQ RWNKFC TGEWDKGTVQUFGRN½UVKEQCPVKFGUNK\CPVG    


-0+2':5OCTV)TKRŠ 'NRTQEGUQFGCLWUVGRCTCNCCFCRVCEKÏPCNCRKG\CUGTGCNK\C
6GPC\CRCTCDQODCUFGCIWCCWVQO½VKEC FGHQTOCCWVQO½VKECEQPNC-0+2':5OCTV)TKRŠEQNQECTNCU
&+0+51 VGPC\CUCRTGVCTNQUOCPIQU[}NKUVQ


¯RVKOQRCTCECODKQUCFKHGTGPVGUVCOCÍQUFGRKG\C

#LWUVGCWVQO½VKEQ[OCPGLQEQPWPCOCPQRCTCFKGUVTQU[\WTFQU

(½EKNCEEGUQCNCRKG\CRQTGNFKUGÍQGUDGNVQGPNC\QPCFGNCECDG\C
[CTVKEWNCEKÏP[RQTNQURGTPQUGPTCUCFQUFGNCCTVKEWNCEKÏP
 ■ #WVQTGVGPEKÏPGPVWDGTÉCU[VWGTECUCICTTGRGTHGEVQCNCRKG\C

  EQPGNOÉPKOQGUHWGT\Q

/QTFC\CUEQPFKGPVGUCFKEKQPCNOGPVGVGORNCFQUFWTG\CCRTQZ
FGNQUFKGPVGU*4%RQEQFGUICUVG[ITCPUGIWTKFCFGPGNCICTTG

#TVKEWNCEKÏPOCEJKJGODTCFCITCPGUVCDKNKFCFRQTNCFQDNGIWÉC

7PTGVÅPRTQVGEVQTGXKVCSWGGNVTCDCLCFQTUGRGNNK\SWGNQUFGFQU
■ $QVÏPFGDNQSWGQRCTCWPEÏOQFQVTCPURQTVGEQPNQUOCPIQU

EGTTCFQU

#EGTQGNÅEVTKEQCNETQOQXCPCFKQHQTLCFQVGORNCFQCNCEGKVG

0ÖOFG '#0
CTVÉEWNQ  OO #NKECVG %CDG\C /CPIQU ´2WNICFCU ´OO OO I
    ITKUCVTCOGPVCFQ RWNKFC TGEWDKGTVQUFGRN½UVKEQCPVKFGUNK\CPVG    


6'0#<#52#4#$1/$#5&'#)7#

 -0+2':%QDTCŠ
-0+2':%QDTCŠ6GPC\CRCTCDQODCUFGCIWC*KIJVGEJ
6GPC\CURCTCDQODCUFGCIWC*KIJVGEJ #JQTTCVKGORQGPGNCLWUVGUKORNGOGPVGCLWUVCPFQNC
&+0+51 RCTVGUWRGTKQTFGUWDQECCNCRKG\CFGVTCDCLQRTGUKQPCPFQ
GNDQVÏP[OQXKGPFQNCRCTVGKPHGTKQTFGUWDQECGUV½
RTGRCTCFCRCTCVTCDCLCT

 ■ #LWUVGCWVQO½VKEQOGFKCPVGRWNUCEKÏPFGDQVÏPFKTGEVCOGPVGGP
  NCRKG\CFGVTCDCLQ

#LWUVGRTGEKUQRCTCNCCFCRVCEKÏPÏRVKOCCFKXGTUQUVCOCÍQUFG
RKG\CU[RCTCWPCRQUKEKÏPGTIQPÏOKECFGNOCPIQ

#WVQTGVGPEKÏPGPVWDGTÉCU[VWGTECUCICTTGRGTHGEVQCNCRKG\CEQP
GNOÉPKOQGUHWGT\Q

/QTFC\CUEQPFKGPVGUCFKEKQPCNOGPVGVGORNCFQUFWTG\CCRTQZFG

NQUFKGPVGU*4%RQEQFGUICUVG[ITCPUGIWTKFCFGPGNCICTTG
  ■ #TVKEWNCEKÏPOCEJKJGODTCFCITCPGUVCDKNKFCFRQTNCFQDNGIWÉC


4GEGREKÏPUGIWTCFGNCIWÉCKORQUKDNGFGUCLWUVCTKPXQNWPVCTKCOGPVG

7PTGVÅPRTQVGEVQTGXKVCSWGGNVTCDCLCFQTUGRGNNK\SWGNQUFGFQU
■ #EGTQGNÅEVTKEQCNETQOQXCPCFKQHQTLCFQVGORNCFQCNCEGKVG

 
%QPHWPFCUGUDGNVCUGPFQUEQORQPGPVGU
 
UKPTGDQTFGRCTCOGLQTCICTTG[VTCPURQTVG


 

 #LWUVGT½RKFQOGFKCPVGDQVQPT½RKFQ[ #LWUVGTCRKFQ[HKTOGFKTGEVCOGPVGGPNC


EÏOQFQ RKG\C
 


 


 


 


6'0#<#52#4#$1/$#5&'#)7#

Š
/KPK%QDTC
%CNKFCFRTQHGUKQPCNGP
GNHQTOCVQO½URGSWGÍQ
%CRCEKFCFFGJCUVCOO

6COCÍQQTKIKPCN

.QUFKGPVGUFGURNC\CFQUEQPTGURGEVQCNUGPVKFQFGIKTQRTQXQECPWPGHGEVQ
FGCWVQTGVGPEKÏP[GXKVCPGNFGUNK\COKGPVQUQDTGNCRKG\C

0ÖOFG '#0 2QUKEKQPGU


CTVÉEWNQ  OO #NKECVG %CDG\C /CPIQU ´2WNICFCU ´OO OO FGCLWUVG I
       
       
    ITKUCVTCOGPVCFQ RWNKFC TGEWDKGTVQUFGRN½UVKEQCPVKFGUNK\CPVG     
       
       
   EQPHWPFCUGPFQUEQORQPGPVGU     
     ITKUCVTCOGPVCFQ RWNKFC EQPHWPFCUGUDGNVCUGPFQUEQORQPGPVGU     
   EQPHWPFCUGPFQUEQORQPGPVGU     
       
       
 ETQOCFQ TGEWDKGTVQUFGRN½UVKEQCPVKFGUNK\CPVG
       
       
    EQPHWPFCUGUDGNVCUGPFQUEQORQPGPVGU     
  ETQOCFQ
   EQPHWPFCUGPFQUEQORQPGPVGU     


6'0#<#52#4#$1/$#5&'#)7#

 -0+2':%QDTCŠ:.::.
-0+2':%QDTCŠ:.[::.QHTGEGPNCECRCEKFCFFG
.NCXGURCTCVWDQU[VGPC\CURCTCDQODCUFGCIWC TGPFKOKGPVQ[GNEQPHQTVFGVGPC\CURCTCDQODCUFG
&+0+51 CIWCEQPOGPQURGUQ[OC[QTECRCEKFCFFGCICTTGSWG
NCUNNCXGURCTCVWDQUEQORCTCDNGU%QDTCŠ:.RWGFG
CICTTCTRGLWPTCEQTFGVWDQFG[RGUCWPOGPQU
SWGWPCNNCXGRCTCVWDQUFGNCEWCNFKURQPGFGWPC
ECRCEKFCFFGCICTTGOWEJQOGPQT'PWPHQTOCVQOCPGLCDNG
FGOOFGNQPIKVWF%QDTCŠ:.ECDGGPGNOCNGVÉPFG
JGTTCOKGPVCUFGNKPUVCNCFQT
%QPUWECRCEKFCFFGJCUVC%QDTCŠ::.QHTGEG

ECRCEKFCFOW[CORNKCRGTQRGUCUÏNQEQOQWPCNNCXGRCTC
  VWDQUFG

 ■ /C[QTCDGTVWTCFGCICTTGRGTQOWEJQOGPQTRGUQSWGNCUNNCXGU
  RCTCVWDQUEQORCTCDNGU
■ #LWUVGT½RKFQOGFKCPVGRWNUCEKÏPFGDQVÏPFKTGEVCOGPVGUQDTGNC

RKG\CUKPFGUNK\COKGPVQHQTVWKVQFGNCCTVKEWNCEKÏP

#LWUVGRTGEKUQRCTCNCCFCRVCEKÏPÏRVKOCCFKXGTUQUVCOCÍQUFG
RKG\CU[RCTCWPCRQUKEKÏPGTIQPÏOKECFGNOCPIQ

#WVQTGVGPEKÏPGPVWDGTÉCU[VWGTECUCICTTGRGTHGEVQCNCRKG\C
EQPGNOÉPKOQGUHWGT\Q
■ /QTFC\CUEQPFKGPVGUCFKEKQPCNOGPVGVGORNCFQUFWTG\CCRTQZ

FGNQUFKGPVGU*4%RQEQFGUICUVG[ITCPUGIWTKFCFGPGNCICTTG

#TVKEWNCEKÏPOCEJKJGODTCFCITCPGUVCDKNKFCFRQTNCFQDNGIWÉC
■ 7PTGVÅPRTQVGEVQTGXKVCSWGGNVTCDCLCFQTUGRGNNK\SWGNQUFGFQU


#EGTQGNÅEVTKEQCNETQOQXCPCFKQHQTLCFQVGORNCFQCNCEGKVG

%QDTCŠ:.EQPVWGTECFGTCEQTFGVWDQFG

)TCPECRCEKFCFFGCICTTGFGOO
PGEGUCTKCRCTCWPCNNCXGRCTCVWDQUFG .NCXGRCTCVWDQUFG
NQPIKVWFOOsRGUQI

%QDTCŠ:.
NQPIKVWFOOsRGUQI

&KOGPUKQPGUO½URGSWGÍCU[
&KOGPUKQPGU O½U RGSWG [ 5WRGTCFCUWECRCEKFCFFGCICTTG
5WRGTCFCUWECRCEKFCFFGCICTTG
PC
WPRGUQO½UTGFWEKFQSWGWPC [C PQ GZKUVG PKPIÖP CICTTG UGIWTQ
[CPQGZKUVGPKPIÖPCICTTGUGIWTQ
NNCXGRCTCVWDQUFG

0ÖOFG '#0 2QUKEKQPGUFG


CTVÉEWNQ  OO #NKECVG %CDG\C /CPIQU ´2WNICFCU ´OO OO CLWUVG I
    ITKUCVTCOGPVCFQ RWNKFC TGEWDKGTVQUFGRN½UVKEQ     
     ITKUCVTCOGPVCFQ RWNKFC TGEWDKGTVQUFGRN½UVKEQ     


6'0#<#52#4#$1/$#5&'#)7#

 -0+2':%QDTCŠOCVKE ■
6QFCUNCUECTCEVGTÉUVKECUFG-0+2':%QDTCŠ

6GPC\CRCTCDQODCUFGCIWC &+0+51 %CTCEVGTÉUVKECGURGEKCN


■ #LWUVGCWVQO½VKEQOGFKCPVGRWNUCEKÏPFGDQVÏPFKTGEVCOGPVG

GPNCRKG\C

2QTGNOWGNNGUKVWCFQFGOQFQRTQVGIKFQNCUVGPC\CUUG
EKGTTCPCWVQO½VKECOGPVGCNCEEKQPCTGNRWNUCFQT

}OCPGLQEQPWPCUQNCOCPQ


  

0ÖOFG '#0 2QUKEKQPGU


CTVÉEWNQ  OO #NKECVG %CDG\C /CPIQU ´2WNICFCU ´OO OO FGCLWUVG I
TGEWDKGTVQUFGRN½UVKEQ
     ITKUCVTCOGPVCFQ RWNKFC     
CPVKFGUNK\CPVG

  /WGNNGFGTGECODKQRCTC


 -0+2':%QDTCŠ3WKEM5GV }#DTKTEQORNGVCOGPVGGORWLCT[CICTTCT

6GPC\CRCTCDQODCUFGCIWC*KIJVGEJ #LWUVGT½RKFQCFKEKQPCNCNCRKG\CFGVTCDCLQUKP
PGEGUKFCFFGRWNUCTGNDQVÏP

 QODKPCVQFCUNCUECTCEVGTÉUVKECURTQDCFCUFGNC-0+2':%QDTCEQP
%
WPCHWPEKÏPCFKEKQPCNFGCRTQZKOCEKÏPSWGHCEKNKVCGNVTCDCLQ
GP\QPCUGUVTGEJCU[FGFKHÉEKNCEEGUQ
■ 
'NCLWUVGFKTGEVQCNCRKG\CUGRWGFGTGCNK\CTOGFKCPVGNCUKORNG
CRTQZKOCEKÏPFGNQUOCPIQU

'NRGTPQFGNCCTVKEWNCEKÏPGPECLCEQPGNRTKOGTGUHWGT\Q
 #EQPVKPWCEKÏPNCCPEJWTCFGNOCPIQFGNCUVGPC\CUSWGFCHKLCFC
  [UQNCOGPVGUGRQFT½OQFKHKECTRWNUCPFQGNDQVÏP

2CTCXQNXGTCCEVKXCTNCHWPEKÏPFGFGURNC\COKGPVQGUPGEGUCTKQ
GZRWNUCTGNRGTPQFGNCCTVKEWNCEKÏPOGFKCPVGRWNUCEKÏPFGDQVÏP
[CDTKTNCUVGPC\CUWPCXG\EQORNGVCOGPVG

#EGTQGNÅEVTKEQCNETQOQXCPCFKQHQTLCFQVGORNCFQCNCEGKVG

%CTCEVGTÉUVKECURTQDCFCUFGNC%QDTCŠ
Ŷ  WVQTGVGPEKÏPGPVWDGTÉCU[VWGTECUCICTTGRGTHGEVQC
#
NCRKG\CEQPGNOÉPKOQGUHWGT\Q
Ŷ #LWUVGRTGEKUQRCTCNCCFCRVCEKÏPÏRVKOCCFKXGTUQUVCOCÍQU

FGRKG\CU[RCTCWPCRQUKEKÏPGTIQPÏOKECFGNOCPIQ

2WNUCTDQVÏPsCDTKTNCVGPC\CEQORNGVCOGPVG %QNQECTNCOQTFC\CFGCICTTGsEGTTCT 'NRGTPQFGNCCTVKEWNCEKÏPGPECLCDCLQECTIC


UKORNGOGPVGNCUVGPC\CU

0ÖOFG '#0 2QUKEKQPGU


CTVÉEWNQ  OO #NKECVG /CPIQU ´2WNICFCU ´OO OO FGCLWUVG I

     ITKUCVTCOGPVCFQ TGEWDKGTVQUFGRN½UVKEQCPVKFGUNK\CPVG     

     ITKUCVTCOGPVCFQ EQPHWPFCUGPFQUEQORQPGPVGU     


6'0#<#52#4#$1/$#5&'#)7#

 -0+2':%QDTCŠ8&' ■ #LWUVGFGUNK\CPFQNCDQECFKTGEVCOGPVGJCEKCNCRKG\CFGVTCDCLQ
OCPGLQT½RKFQUGIWTQ[EQPHQTVCDNG
6GPC\CRCTCDQODCUFGCIWC*KIJVGEJCKUNCFC ■
#DTKTOGFKCPVGRWNUCEKÏPFGDQVÏPHWGTCFGNCRKG\C
■ 
#LWUVGRTGEKUQRCTCNCCFCRVCEKÏPÏRVKOCCFKXGTUQUVCOCÍQUFG
&+0+51+'%&+0'0
RKG\CU[RCTCWPCRQUKEKÏPGTIQPÏOKECFGNOCPIQ

(½EKNCEEGUQCNCRKG\CITCEKCUCNFKUGÍQGUDGNVQGPNC\QPCFG
NCECDG\C[NCCTVKEWNCEKÏP

#WVQTGVGPEKÏPGPVWDGTÉCU[VWGTECUCICTTGRGTHGEVQCNCRKG\C
EQPGNOÉPKOQGUHWGT\Q
■ /QTFC\CUEQPFKGPVGUCFKEKQPCNOGPVGVGORNCFQUFWTG\CCRTQZ

FGNQUFKGPVGU*4%RQEQFGUICUVG[ITCPUGIWTKFCFGPGNCICTTG
 ■
#TVKEWNCEKÏPOCEJKJGODTCFCITCPGUVCDKNKFCFRQTNCFQDNGIWÉC
    ■ 7PTGVÅPRTQVGEVQTGXKVCSWGGNVTCDCLCFQTUGRGNNK\SWGNQUFGFQU


#EGTQGNÅEVTKEQCNETQOQXCPCFKQHQTLCFQVGORNCFQCNCEGKVG

0ÖOFG '#0 2QUKEKQPGU


CTVÉEWNQ  OO #NKECVG /CPIQU ´2WNICFCU ´OO OO FGCLWUVG I
CKUNCFQUEQPHWPFCUGPFQUEQORQ
      ETQOCFQ     
PGPVGUUGIÖPPQTOC8&'


 -0+2':%QDTCŠ'5 ■ +FGCNRCTCUGTXKEKQUVÅEPKEQU[FGOCPVGPKOKGPVQTGRCTCEKÏPFG
CRCTCVQUGNUGEVQTCWVQOQVTK\[NCKPFWUVTKCGPIGPGTCN
6GPC\CRCTCDQODCUFGCIWCGZVTCGUDGNVC ■ $QECNCTIC[GUVTGEJC

■ (CEKNKVCGNCEEGUQCNCRKG\CFGVTCDCLQITCEKCUCUWFKUGÍQGUDGNVQ
&+0+51
GPNC\QPCFGNCECDG\C[NCCTVKEWNCEKÏP

#ICTTGUGIWTQKPENWUQGPOCVGTKCNGURNCPQUITCEKCUCUWUVTGU
RWPVQUFGCRQ[Q

#LWUVGCWVQO½VKEQOGFKCPVGRWNUCEKÏPFGDQVÏPFKTGEVCOGPVGGP
NCRKG\CFGVTCDCLQ
■ #LWUVGRTGEKUQRCTCNCCFCRVCEKÏPÏRVKOCCFKXGTUQUVCOCÍQUFG

 RKG\CU[RCTCWPCRQUKEKÏPGTIQPÏOKECFGNOCPIQ
 

#WVQTGVGPEKÏPGPVWDGTÉCU[VWGTECUCICTTGRGTHGEVQCNCRKG\C
EQPGNOÉPKOQGUHWGT\Q

#TVKEWNCEKÏPOCEJKJGODTCFCITCPGUVCDKNKFCFRQTNCFQDNGIWÉC
■ 4GEGREKÏPUGIWTCFGNCIWÉCKORQUKDNGFGUCLWUVCTKPXQNWPVCTKCOGPVG

■ CEEKÏPFGRCNCPECÏRVKOCÏRVKOCVTCPUOKUKÏPFGHWGT\C


7PTGVÅPRTQVGEVQTGXKVCSWGGNVTCDCLCFQTUGRGNNK\SWGNQUFGFQU

#EGTQGNÅEVTKEQCNETQOQXCPCFKQHQTLCFQVGORNCFQCNCEGKVG

(QTOCGUDGNVCGPNCECDG\C[NCCTVKEWNCEKÏP (QTOCGUDGNVCGPNCECDG\C[NCCTVKEWNCEKÏP #ICTTCVWGTECUFGJCUVCOO



EQORCTCFQEQPNCUVGPC\CURCTCDQODCU
EQORCTCFQEQPNCUVGPC\CURCTCDQODCU
FGCIWCEQPXGPEKQPCNGU FGCIWCEQPXGPEKQPCNGU

#RGTVWTC
O½ZKOC 2TQHWPFKFCF
0ÖOFG '#0 RCTCNGNCGP FGCICTTG 2QUKEKQPGU
CTVÉEWNQ  OO #NKECVG %CDG\C /CPIQU ´2WNICFCU ´OO OO OO O½ZKOC FGCLWUVG I
 ITKU TGEWDKGTVQUFG
   RWNKFC       
CVTCOGPVCFQ RN½UVKEQCPVKFGUNK\CPVG


6'0#<#52#4#$1/$#5&'#)7#

 #NKECVGRCTCCDTC\CFGTCU 7PUQNQCNKECVGRCTCCDTC\CFGTCU[CPKNNQUGN½UVKEQUFG
FKUVKPVQUVCOCÍQUFGJCUVCOO5GCFCRVCCEWCNSWKGT
RQUKEKÏPOGFKCPVGGNGOGPVQUFGCICTTGIKTCVQTKQU
#RGUCTFGGNNQUGICTCPVK\CWPCRQUKEKÏPHKLCFGNCU
CDTC\CFGTCUGPNQUCNKECVGU
/$+615&'#2.+%#%+¯0XGJÉEWNQUFGOQVQTXGJÉEWNQU
KPFWUVTKCNGU#URKTCEKÏPFGCKTGTGHTKIGTCEKÏPCKTGFGECTIC
# TGVQTPQFGCIWCVGTOQUVCVQECTDWTCPVGECNGHCEEKÏP


'NGOGPVQUFGCICTTGWPKXGTUCNGU[IKTCVQTKQURCTCGNCICTTGUGIWTQ
FGNCUCDTC\CFGTCUGPEWCNSWKGTRQUKEKÏP

2QVGPVÉUKOQGHGEVQRCNCPECEQPGNSWGGURQUKDNGCDTKTCDTC\CFGTCU
H½EKNOGPVGUKPITCPFGUGUHWGT\QU[FGHQTOCUGIWTC
■ %CDG\CGUDGNVCCPEJWTCTGFWEKFCFGNCECDG\CRWPVCUIKTCVQTKCU

WPCJGTTCOKGPVCKFÏPGCRCTCVTCDCLCTGPGURCEKQUTGFWEKFQU

#RNKECDNGRCTCCDTC\CFGTCUGUV½PFCTEQORCEVCU[FGCNCODTG
CUÉEQOQCTQUGN½UVKEQUEQPWPVCOCÍQPQOKPCNFGJCUVCOO

#RGTVWTCO½ZKOCFGDQECFGJCUVCOOO½UFGOOFG
TGEQTTKFQFGCOCTTG
■ #EGTQGNÅEVTKEQCNETQOQXCPCFKQHQTLCFQVGORNCFQCNCEGKVG

.CUTGEQPQEKFCUECTCEVGTÉUVKECUFGNC%QDTCŠ
CJQTCVCODKGPGPNQUCNKECVGURCTCCDTC\CFGTCU
Ŷ #JQTTQFGGUHWGT\QITCEKCUCWPCÏRVKOCTGNCEKÏP

FGVTCPUOKUKÏP
Ŷ 7PTGVÅPRTQVGEVQTGXKVCSWGGNVTCDCLCFQT

UGRGNNK\SWGNQUFGFQU
Ŷ #ICTTGUGIWTQEQPWPCRQUKEKÏPGTIQPÏOKECFGNQUOCPIQU

Ŷ #LWUVGRTGEKUQRCTCWPCCFCRVCEKÏPÏRVKOCCNQUVCOCÍQU

O½UFKXGTUQUFGCDTC\CFGTCU
Ŷ #RGTVWTCFGNCNKECVGOGFKCPVGRWNUCEKÏPFGNDQVÏP
Ŷ #TVKEWNCEKÏPOCEJKJGODTCFCITCPGUVCDKNKFCFRQTNCFQDNGIWÉC

0ÖOFG '#0 2QUKEKQPGUFG


CTVÉEWNQ  OO #NKECVG /CPIQU %CRCEKFCF CLWUVG I
#   ITKUCVTCOGPVCFQ TGEWDKGTVQUFGRN½UVKEQCPVKFGUNK\CPVG OCZOO  
        
#  5WTVKFQFGTGECODKQFGRWPVCURCTC##(


6'0#<#52#4#$1/$#5&'#)7#

 #NKECVGRCTCCDTC\CFGTCU 'NHKLCFQTRGTOKVGVTCDCLCTH½EKNOGPVGUGIWTQ[UKP
GUHWGT\QUGUVCPFQNCCDTC\CFGTCRTGUKQPCFC
EQPHKLCFQT
5GNKDGTCEQPWPCUQNCOCPQ

2WPVCUWPKXGTUCNGU[IKTCVQTKCURCTCGNCICTTGUGIWTQFGNCUCDTC\C
FGTCUGPEWCNSWKGTRQUKEKÏP
■ 2QVGPVÉUKOQGHGEVQRCNCPECEQPGNSWGGURQUKDNGCDTKTCDTC\CFGTCU

H½EKNOGPVGUKPITCPFGUGUHWGT\QU[FGHQTOCUGIWTC

%CDG\CGUDGNVCCPEJWTCTGFWEKFCFGNCECDG\CRWPVCUIKTCVQTKCU
WPCJGTTCOKGPVCKFÏPGCRCTCVTCDCLCTGPGURCEKQUTGFWEKFQU
#( ■ #RNKECDNGRCTCCDTC\CFGTCUGUV½PFCTEQORCEVCU[FGCNCODTGCUÉ

 EQOQCTQUGN½UVKEQUEQPWPVCOCÍQPQOKPCNFGJCUVCOO
■ #RGTVWTCO½ZKOCFGDQECFGJCUVCOOO½UFGOOFG

TGEQTTKFQFGCOCTTG

0ÖOFG '#0 2QUKEKQPGUFG


CTVÉEWNQ  OO #NKECVG /CPIQU %CRCEKFCF CLWUVG I
#(   ITKUCVTCOGPVCFQ TGEWDKGTVQUFGRN½UVKEQCPVKFGUNK\CPVG OCZOO  
        
#  5WTVKFQFGTGECODKQFGRWPVCURCTC##(


6'0#<#52#4#$1/$#5&'#)7#

 #NKECVGRCTCCDTC\CFGTCU 2CTCEQNQECT[TGVKTCTCDTC\CFGTCU%NKEM

RCTCCDTC\CFGTCU%NKEM ■ 2WPVCUIKTCVQTKCURCTCGNCICTTGUGIWTQFGNCUCDTC\CFGTCUGPEWCN
SWKGTRQUKEKÏP

$WGPGHGEVQRCNCPECRGTOKVGCDTKT[XQNXGTCEGTTCTCDTC\CFGTCU
H½EKNOGPVGUKPITCPFGUGUHWGT\QU[FGHQTOCUGIWTC

2CTCWPVTCDCLQEÏOQFQRGLGPOCPIWGTCUFGECTDWTCPVGEQPFWE
VQUFGRTGUKÏP[VWDQUFGCURKTCEKÏP
■ (WPEKÏPCFKEKQPCNUQNVCTOCPIWGTCUEWKFCFQUCOGPVGEQPNCDQEC

% FGPVCFC
 ■
%CDG\CGUDGNVCCPEJWTCTGFWEKFCFGNCECDG\CRWPVCUIKTCVQTKCU
WPCJGTTCOKGPVCKFÏPGCRCTCVTCDCLCTGPGURCEKQUTGFWEKFQU

#EGTQGNÅEVTKEQCNETQOQXCPCFKQHQTLCFQVGORNCFQCNCEGKVG

.CURTQDCFCUXGPVCLCUFGNC%QDTCŠVCODKÅPEQP
NQUCNKECVGURCTCCDTC\CFGTCU
Ŷ 7PTGVÅPRTQVGEVQTGXKVCSWGGNVTCDCLCFQTUGRGNNK\SWGNQUFGFQU
Ŷ #ICTTGUGIWTQEQPRQUKEKÏPGTIQPÏOKECFGNOCPIQRCTCNCOCPQ
Ŷ #TVKEWNCEKÏPOCEJKJGODTCFCITCPGUVCDKNKFCFRQTNCFQDNGIWÉC

$QECFGCICTTGFGPVCFCRCTCUQNVCTEQP
HCEKNKFCFOCPIWGTCU

0ÖOFG '#0
CTVÉEWNQ  OO #NKECVG /CPIQU I
%   ITKUCVTCOGPVCFQ TGEWDKGTVQUFGRN½UVKEQCPVKFGUNK\CPVG 
       
%  5WTVKFQFGTGECODKQFGRWPVCURCTC%


6'0#<#52#4#$1/$#5&'#)7#

-0+2':#NNKICVQTŠ6GPC\CURCTCDQODCUFGCIWC
/C[QTTGPFKOKGPVQ[EQPHQTVGPEQORCTCEKÏPEQPVGPC\CU
&+0+51 EQPXGPEKQPCNGURCTCDQODCUFGCIWCFGNCOKUOCNQPIKVWF
RQUKEKQPGUFGCLWUVGRCTCWPO½UFGECRCEKFCFFG
CICTTG(½EKNCEEGUQCNCRKG\CITCEKCUCNFKUGÍQGUDGNVQGPNC
\QPCFGNCECDG\C[NCCTVKEWNCEKÏP


(½EKNCEEGUQCNCRKG\CITCEKCUCNFKUGÍQGUDGNVQGPNC\QPCFGNC
 ECDG\C[NCCTVKEWNCEKÏP
■ #WVQTGVGPEKÏPGPVWDGTÉCU[VWGTECUCICTTGRGTHGEVQCNCRKG\C
 
EQPGNOÉPKOQGUHWGT\Q

/QTFC\CUEQPFKGPVGUCFKEKQPCNOGPVGVGORNCFQUFWTG\CCRTQZ
FGNQUFKGPVGU*4%RQEQFGUICUVG[ITCPUGIWTKFCFGPGNCICTTG
■ #TVKEWNCEKÏPOCEJKJGODTCFCITCPGUVCDKNKFCFRQTNCFQDNGIWÉC


&KUGÍQTQDWUVQTGUKUVGPVGCNCUWEKGFCFKPFKECFCGURGEKCNOGPVG
RCTCVTCDCLQUGPGNGZVGTKQT
■ 7PTGVÅPRTQVGEVQTGXKVCSWGGNVTCDCLCFQTUGRGNNK\SWGNQUFGFQU


#EGTQGNÅEVTKEQCNETQOQXCPCFKQHQTLCFQVGORNCFQCNCEGKVG

  
%QPHWPFCUGUDGNVCUGPFQUEQORQPGPVGUUKPTGDQTFGRCTCOGLQT
CICTTG[VTCPURQTVG


 

#WVQTGVGPEKÏPGPVWDGTÉCU[VWGTECUCICTTGRGTHGEVQGPNCRKG\CFGVTCDCLQVQFCNCHWGT\C
TGCNK\CFCUGEGPVTCGPGNVTCDCLQUQDTGNCRKG\C5GFKUOKPW[GNCHWGT\CTGSWGTKFC

 


   


   


6'0#<#52#4#$1/$#5&'#)7#

Š
#NNKICVQT

6GPC\CUEQPXGPEKQPCNGU #NNKICVQTŠ
RCTCDQODCUFGCIWC
&KGPVGUGURGEKCNOGPVGGPFWTGEKFQU
GNGXCFCTGUKUVGPEKCCNFGUICUVGSWGRGTOKVG
WPCICTTGFWTCFGTQ[UGIWTQ

TQDWUVCOGE½PKECFGCLWUVG
 

PQCHGEVCFQRQTNCUWEKGFCFKPFKECFQ
GURGEKCNOGPVGRCTCVTCDCLQUGPGNGZVGTKQT
RQUKEKQPGUFGCLWUVG
WPO½UFGECRCEKFCFFGCICTTG
CFCRVCEKÏPQRVKOK\CFCCNCRKG\C[RQUKEKÏP
OCPGLCDNGFGNOCPIQFKUGÍQGUDGNVQ
CTVKEWNCEKÏPOCEJKJGODTCFCFQDNGIWÉC
NCWPKÏPCTVKEWNCFCPQUGCHNQLCGUCNVCOGPVG
TGUKUVGPVGCNCTIQRNC\Q

0ÖOFG '#0 2QUKEKQPGU


CTVÉEWNQ  OO #NKECVG %CDG\C /CPIQU ´2WNICFCU ´OO OO FGCLWUVG I
       
PGITQCVTC
    RWNKFC TGEWDKGTVQUFGRN½UVKEQCPVKFGUNK\CPVG     
OGPVCFQ
       
       
PGITQCVTC
     RWNKFC EQPHWPFCUGPFQUEQORQPGPVGU     
OGPVCFQ
       
       
 ETQOCFQ TGEWDKGTVQUFGRN½UVKEQCPVKFGUNK\CPVG
       
        
     ETQOCFQ EQPHWPFCUGPFQUEQORQPGPVGU     
       
  KUQNKGTVEQPHWPFCUGPFQU
   ETQOCFQ     
 EQORQPGPVGUUGIÖPPQTOC8&'
      CKUNCFQURQTKPOGTUKÏPGPRN½UVKEQ     
ETQOCFQ
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6'0#<#52#4#$1/$#5&'#)7#

-0+2':#NNKICVQTŠ:.
-0+2':#NNKICVQTŠ:.QHTGEGNCECRCEKFCFFGTGPFKOKGPVQ[
.NCXGRCTCVWDQU[VGPC\CRCTCDQODCUFGCIWC GNEQPHQTVFGWPCVGPC\CRCTCDQODCUFGCIWCEQPWP
&+0+51 OGPQUFGRGUQ[OC[QTECRCEKFCFFGCICTTG

™ SWGNCUNNCXGURCTCVWDQUEQPXGPEKQPCNGU
%QPGNOCPGLCDNGHQTOCVQFGOONC-0+2':#NNKICVQTŠ
:.ECDGGPEWCNSWKGTECLCFGJGTTCOKGPVCU

#JQTCVCODKÅPEQPOOFGNQPIKVWF
 &KUGÍQTQDWUVQTGUKUVGPVGCNCUWEKGFCF
  KPFKECFCGURGEKCNOGPVGRCTCVTCDCLQUGPGNGZVGTKQT

(½EKNCEEGUQCNCRKG\CITCEKCUCNFKUGÍQGUDGNVQGPNC\QPCFGNC
ECDG\C[NCCTVKEWNCEKÏP
■ 7PTGVÅPRTQVGEVQTGXKVCSWGGNVTCDCLCFQTUGRGNNK\SWGNQUFGFQU


#EGTQGNÅEVTKEQCNETQOQXCPCFKQHQTLCFQVGORNCFQCNCEGKVG

.CUVGPC\CURCTCCRNKECEKQPGUGPGNGZVGTKQT

/QTFC\CUEQPFKGPVGUCFKEKQPCNOGPVGVGORNCFQUFWTG\CCRTQZFG
NQUFKGPVGU*4%RQEQFGUICUVG[ITCPUGIWTKFCFGPGNCICTTG

#WVQTGVGPEKÏPGPVWDGTÉCU[VWGTECUCICTTGRGTHGEVQCNCRKG\CEQP
GNOÉPKOQGUHWGT\Q

#TVKEWNCEKÏPOCEJKJGODTCFCITCPGUVCDKNKFCFRQTNCFQDNGIWÉC

&KUGÍQTQDWUVQPQCHGEVCHQRQTNCUWEKGFCF[H½EKNFGNKORKCT
+PFKECFQGURGEKCNOGPVGRCTCVTCDCLQUGPGNGZVGTKQT

#LWUVGITCFWCNFGPKXGNGUEQPWPCECRCEKFCFFGCICTTGFGJCUVC™
CFCRVCEKÏPQRVKOK\CFCCNCRKG\C[RQUKEKÏPOCPGLCDNGFGNOCPIQ

0ÖOFG '#0 2QUKEKQPGU


CTVÉEWNQ  OO #NKECVG %CDG\C /CPIQU ´2WNICFCU ´OO OO FGCLWUVG I
TGEWDKGTVQUFGRN½UVKEQ
    PGITQCVTCOGPVCFQ RWNKFC     
CPVKFGUNK\CPVG


6'0#<#52#4#$1/$#5&'#)7#

6GPC\CURCTCDQODCUFGCIWC ■
#WVQTGVGPEKÏPGPVWDGTÉCU[VWGTECUCICTTGRGTHGEVQCNCRKG\C
EQPGNOÉPKOQGUHWGT\Q
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FKHGTGPVGU

7PKÏPCPVKFGUNK\CPVG

$WGPCLWUVGRCTCVQTPKNNQU[VWGTECU
■ 6QFCNCVGPUKÏPIGPGTCFCUGCNGLCFGNVQTPKNNQFGWPKÏP

GXKVCPFQUWFGUICUVG
■ 7PTGVÅPRTQVGEVQTGXKVCSWGGNVTCDCLCFQTUGRGNNK\SWGNQUFGFQU

■ 5WRGTHKEKGUFGNCUDQECUEQPFKGPVGUVGORNCFQUCFKEKQPCNOGPVG

FWTG\CCRTQZFGNQUFKGPVGU*4%RCTCJGTTCOKGPVCUFGOO
FGNQPIKVWFITCPTGUKUVGPEKCCNFGUICUVG
■ #EGTQGNÅEVTKEQCNETQOQXCPCFKQHQTLCFQVGORNCFQCNCEGKVG




0ÖOFG '#0
CTVÉEWNQ  OO #NKECVG %CDG\C /CPIQU ´2WNICFCU ´OO OO I
   PGITQCVTCOGPVCFQ RWNKFC TGEWDKGTVQUFGRN½UVKEQ    
    ETQOCFQ  TGEWDKGTVQUFGRN½UVKEQ    
   ETQOCFQ EQPHWPFCUGPFQUEQORQPGPVGU    


/KPKVGPC\CURCTCDQODCUFGCIWC ■


7PKÏPUGIWTC[H½EKNEQPRQUKEKQPGUFKHGTGPVGU
7PKÏPCPVKFGUNK\CPVG
EQPCTVKEWNCEKÏPCECPCNCFC  &+0+51 ■ 6QFCNCVGPUKÏPIGPGTCFCUGCNGLCFGNVQTPKNNQFGWPKÏP

GXKVCPFQUWFGUICUVG
■ #EGTQGNÅEVTKEQCNETQOQXCPCFKQHQTLCFQVGORNCFQCNCEGKVG

 
 

0ÖOFG '#0
CTVÉEWNQ  OO #NKECVG %CDG\C /CPIQU ´2WNICFCU ´OO OO I
   PGITQCVTCOGPVCFQ RWNKFC TGEWDKGTVQUFGRN½UVKEQ    
    ETQOCFQ  TGEWDKGTVQUFGRN½UVKEQ    


 .NCXGURCTCVWDQUFGDQECUC– ■


/QFGNQUWGEQ
$QECUGP½PIWNQFG–
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$QECUEQPFGPVCFQGP
UGPVKFQQRWGUVQ

&KGPVGUVGORNCFQU
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&KUGÍQFGOCPIQGPHQTOC
FGFQDNG6

/QNGVCECWVKXC
 ■
$CTPK\CFCUGPTQLQDQECU
90°   RNCPCUDTKNNCPVGU

#EGTQGNÅEVTKEQCNETQOQXCPC
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0ÖOFG '#0
CTVÉEWNQ  OO #NKECVG ´2WNICFCU ´OO 2WNICFCU OO I
       
       
   90°  NCECFQCNRQNXQTQLQ     
       
       


..#8'52#4#67$15

 .NCXGURCTCVWDQUFGDQECUC– ■


/QFGNQUWGEQ
$QECUGP½PIWNQFG–
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■ &KGPVGUVGORNCFQUCFKEKQPCNOGPVGRQT

KPFWEEKÏP

&KUGÍQFGOCPIQGPHQTOCFGFQDNG6
■ /QNGVCECWVKXC



$CTPK\CFCUGPTQLQDQECURNCPCUDTKNNCPVGU
■ #EGTQGNÅEVTKEQCNETQOQXCPCFKQHQTLCFQ
45°  
VGORNCFQCNCEGKVG
0ÖOFG '#0
CTVÉEWNQ  OO #NKECVG ´2WNICFCU ´OO 2WNICFCU OO I
       
   45°  NCECFQCNRQNXQTQLQ     
       


 .NCXGURCTCVWDQUGPHQTOCFG5 ■


$QECFGNICFCGPHQTOCFG5
$QECUEQPFGPVCFQGPUGPVKFQQRWGUVQ
&+0 ■ &KGPVGUVGORNCFQUCFKEKQPCNOGPVGRQT

KPFWEEKÏP

6TGURWPVQUFGCICTTGGPVWDQUEQP
UKUVGOCCWVQTGVGPEKÏP

&KUGÍQFGOCPIQGPHQTOCFGFQDNG6
■ /QNGVCECWVKXC

■ $CTPK\CFCUGPTQLQDQECURNCPCU


DTKNNCPVGU
■ #EGTQGNÅEVTKEQCNETQOQXCPCFKQ


HQTLCFQVGORNCFQCNCEGKVG

0ÖOFG '#0
CTVÉEWNQ  OO #NKECVG ´2WNICFCU ´OO 2WNICFCU OO I
       
       
   NCECFQCNRQNXQTQLQ     
       
       


 .NCXGURCTCVWDQUGPHQTOCFG5 ■ #LWUVGRTGEKUQ[T½RKFQFGNCCRGTVWTCFKTGEVCOGPVGUQDTGNCRKG\C
OGFKCPVGRWNUCEKÏPFGDQVÏP
EQPCLWUVGT½RKFQ ■ 6TCDCLCTGEQPQOK\CPFQGUHWGT\QUOGFKCPVGNCCWVQTGVGPEKÏP


5KPFGUNK\COKGPVQKPXQNWPVCTKQFGNQUOCPIQUFGNCNNCXG

7PTGVÅPRTQVGEVQTGXKVCSWGGNVTCDCLCFQTUGRGNNK\SWGNQUFGFQU
■ #NVCTGUKUVGPEKCCPVGUITCPFGUGUHWGT\QUITCEKCUCUWUOCPIQU

VQVCNOGPVGVGORNCFQU

#NVCTGUKUVGPEKCCNFGUICUVGRQTUWFGPVCFQCFKEKQPCNOGPVGVGORNCFQ
■ #EGTQGNÅEVTKEQCNETQOQXCPCFKQHQTLCFQVGORNCFQCNCEGKVG




# JQTCVCODKÅPEQOQXGTUKÏPFGq




0ÖOFG '#0
CTVÉEWNQ  OO #NKECVG /CPIQU ´2WNICFCU ´OO 2WNICFCU OO I
       
NCECFQCNRQNXQTQLQ
       
       
NCECFQCNRQNXQITKU TGEWDKGTVQUFGRN½UVKEQ
       


..#8'52#4#67$15

6GPC\CURCTCVWDGTÉCU[TCEQTGU 2CTCUKHQPGUVWDQUFGRN½UVKEQ[TCEQTGUJCUVC´OO

RCTCUKHQPGUVWDQUFGRN½UVKEQ[EQPGEVQTGU #LWUVGRTGEKUQRCTCWPCCFCRVCEKÏPÏRVKOCCNQUFK½OGVTQU
O½UFKXGTUQU
&+0+51
4QDWUVC[CNVCOGPVGTGUKUVGPVG
■ +FGCNRCTCCRTGVCT[CHNQLCTTCEQTGUEQPGZKQPGUFGVWDQUFGRN½UVKEQ[
VWGTECUTGFQPFCU

2CTCENCXKLCU[CEQRNCOKGPVQUEQPEKGTTGTQUECFQRGLNQUTCEQTGU
TGFQPFQU%CPPQP

2CTCUQNVCTFGHQTOCEWKFCFQUCOCPIWGTCUGPVWDGTÉCU

#TVKEWNCEKÏPOCEJKJGODTCFCCLWUVCDNGGPRQUKEKQPGU
■ IGQOGVTÉCGTIQPÏOKECFGNQUOCPIQU

 ■
#EGTQGNÅEVTKEQCNETQOQXCPCFKQHQTLCFQVGORNCFQCNCEGKVG



%QPDQECUFGTGVGPEKÏPGUVTKCFCUJCUVC´OO


%QPDQECUFGRN½UVKEQKPVGTECODKCDNGURCTCUWRGTHKEKGUFGNKECFCU
JCUVC´OO



0ÖOFG '#0 %CRCEKFCFFGVTCDCLQ


CTVÉEWNQ  OO #NKECVG /CPIQU ´OO I
   PGITQCVTCOGPVCFQ TGEWDKGTVQUFGRN½UVKEQCPVKFGUNK\CPVG  
   ETQOCFQ TGEWDKGTVQUFGRN½UVKEQCPVKFGUNK\CPVG  
   PGITQCVTCOGPVCFQ TGEWDKGTVQUFGRN½UVKEQCPVKFGUNK\CPVG  
   ETQOCFQ TGEWDKGTVQUFGRN½UVKEQCPVKFGUNK\CPVG  
       
  RCTGUFGOQTFC\CUFGRN½UVKEQRCTCRCTCUKHQPGUVWDQUFGRN½UVKEQ[EQPGEVQTGU


%CNQT [ DKGPGUVCT GP NQU FÉCU HTÉQU [C NQ

 %10(146 SWGTTÉCP JCDGT VGPKFQ NQU TQOCPQU GP


NC CPVKIØGFCF [ RQT GNNQ KPXGPVCTQP NQU
UWGNQU TCFKCPVGU .QU UWGNQU TCFKCPVGU
OQFGTPQU ETGCP WP CITCFCDNG ENKOC
CODKGPVCN O½U GURCEKQ [ NKDGTVCF RCTC
&'5&''. GN FKUGÍQ FG KPVGTKQTGU [ OGLQTCP NCU
EQPFKEKQPGURCTCNCUCNWFGURGEKCNOGPVG

57'.1
RCTCNQUSWGUWHTGPFGCNGTIKCU2CTCGNNQ
NCUVWDGTÉCUFGRN½UVKEQFGNCECNGHCEEKÏP
 VTCPURQTVCP FG OQFQ KPXKUKDNG C NQU QLQU
FG NQU WUWCTKQU GN CIWC ECNKGPVG FGN
UKUVGOC FG ECNGHCEEKÏP %QP NQU EQTVC
VWDQU-0+2':NQUVÅEPKEQUFGECNGHCEEKÏP
NQUEQTVCPUKPGUHWGT\Q[RTGEKUKÏP


#NKECVGUGURGEKCNGU
.NCXGURCTCCTOCTKQU
FGEQPVTQN

%QTVCFQTRCTCECDNGFGEKPVC                             
%QTVCKPINGVGURCTCRGTƂNGUFGRN½UVKEQ[IQOC                
%QTVCPVGURCTCRN½UVKEQ                                 
6KLGTCURCTCƂDTCU-'8.#4Š                              
%QTVCPVGUWPKXGTUCNGU                                 

%QTVCVWDQURCTCVWDQUƃGZKDNGU[FGRTQVGEEKÏP                
%QTVCVWDQURCTCVWDQUEQODKPCFQU[FGRTQVGEEKÏP             
%QTVCVWDQURCTCVWDQUEQODKPCFQU[FGRN½UVKEQ               
%QTVCVWDQURCTCVWDQUFGRN½UVKEQ
KPUVCNCEKÏPGNÅEVTKEC           

#NKECVGURCTCGPUCODNCTRGTƂNGU                          
%K\CNNCRCTCEJCRC                                    
#NKECVGURCTCEQTVGUGPp7q                              
#NKECVGURCTCDKEKENGVCU                                    
5CECDQECFQUFGTGXQNXGT                                
6GPC\CRCTCRGTHQTCTC\WNGLQU
VGPC\CRKEQFGNQTQ              
#NKECVGURCTCVTCDCLCTEQPXKFTKQ                           
#NKECVGRCTCN½ORCTCUJCNÏIGPCU                            

.½ORCTC.'&OCIPÅVKEC                                

6YKP-G[Š                                          
.NCXGURCTCCTOCTKQUFGEQPVTQN                           

'P NQU UWGNQU TCFKCPVGU UG GORNGCP


RTKPEKRCNOGPVGVWDQUFGRN½UVKEQRCTC
RCTGFGU ITWGUCU %QP GN EQTVCVWDQU
-0+2':CFGEWCFQUGRWGFGPEQTVCTC
OGFKFCUKPGUHWGT\Q[EQPRTGEKUKÏP


#.+%#6'5'52'%+#.'5

 %QTVCFQT ■
2CTCEQTVCTUKPCRNCUVCOKGPVQUGNECDNGFGEKPVCFGJCUVCOO
FGCPEJQ
RCTCECDNGFGEKPVC ■ $CUGKPVGTECODKCDNGEQPVQRGCPIWNCFQRCTCEQTVGUTGEVCPIWNCTGU

■ %QPOWGNNGFGCRGTVWTC[RCNCPECFGEKGTTG


%WGTRQFGNCJGTTCOKGPVCCEGTQRCTCJGTTCOKGPVCUNCOKPCFQ
GPFWTGEKFQCNCEGKVG
■ *QLCFGEWEJKNNCJQLCFGEWEJKNNCVTCRGEKQGUV½PFCTKPVGTECODKCDNG


  

0ÖOFG '#0 .QPIFGNCXCTKNNC


CTVÉEWNQ  OO *GTTCOKGPVC /CPIQU OO I
     ETQOCFQ EQPHWPFCUFGRN½UVKEQ  
       
  ,WGIQEQPEWEJKNNCUFGTGECODKQRCTC


 %QTVCKPINGVGU ■


2CTCEQTVCTRN½UVKEQIQOC[EKPVCFGECDNGJCUVCOOFGCPEJQ
5QRQTVGFGCRQ[QKPVGTECODKCDNGEQPVQRGRCTCEQTVCTGP½PIWNQ
RCTCRGTHKNGUFGRN½UVKEQ[IQOC FG–

%QPOWGNNGFGCRGTVWTC[RCNCPECFGEKGTTG
■ %WGTRQFGJGTTCOKGPVCCEGTQGURGEKCNRCTCJGTTCOKGPVCU

NCOKPCFQVGORNCFQCNCEGKVG

*QLCFGEWEJKNNCJQLCFGEWEJKNNCVTCRGEKQGUV½PFCTKPVGTECODKCDNG


 

0ÖOFG '#0 .QPIFGNCXCTKNNC


CTVÉEWNQ  OO *GTTCOKGPVC /CPIQU OO I
    ETQOCFQ EQPHWPFCUFGRN½UVKEQ  
       
  ,WGIQEQPEWEJKNNCUFGTGECODKQRCTC


#.+%#6'5'52'%+#.'5

 %QTVCPVGURCTCRN½UVKEQ ■
2CTCEQTVCTNQUEQPFWEVQTGUFGECDNGVCODKÅPRCTCOCVGTKCNFG
RN½UVKEQFGJCUVCOOFGGURGUQT
VCODKÅPX½NKFQRCTCEQPFWEVQTGUFGECDNG ■ )TCPRCNCPEC

■ )GQOGVTÉCFGEQTVGOW[GHKEC\


%WGTRQFGJGTTCOKGPVCCEGTQGNÅEVTKEQCNETQOQXCPCFKQFG
ECNKFCFGURGEKCNVGORNCFQCNCEGKVG
■ %WEJKNNCCEGTQGURGEKCNRCTCJGTTCOKGPVCUVGORNCFQCNCEGKVG




.QPIKVWFFGNCEWEJKNNCOORCTCEQTVCT
EQPFWEVQTGUFGECDNGVCODKÅPRCTC
OCVGTKCNFGRN½UVKEQFGJCUVCOOFG
GURGUQT

0ÖOFG '#0 %CRCEKFCFFGEQTVG .QPIKVWFFGNCEJWEJKNNC


CTVÉEWNQ  OO *GTTCOKGPVC /CPIQU OO OO I
    DTWÍKFQ EQPHWPFCUGPFQUEQORQPGPVGU OCZ  


 6KLGTCU ■ 5QNQRCTCEQTVCTGN-'8.#4Š
FGNQUECDNGUFGHKDTCÏRVKEC
RCTCHKDTCU-'8.#4Š }}0QX½NKFCRCTCEQTVCTEWCN
SWKGTQVTQVKRQFGOCVGTKCN
■ .CRTGEKUKÏPFGNCHKNCFQEQP

FKGPVGURTGXKGPGGNFGUNK\COKGP
VQFGNCHKDTC[ICTCPVK\CWP
EQTVGNKORKQ

'LGFGWPKÏPTGOCEJCFQFG
DCLCHTKEEKÏPRCTCEQTVCTHKDTCU
OW[HKPCU

%TQOCFQOW[TGUKUVGPVG[
5$ UWRGTHKEKGTWIQUC
■ %WGTRQFGVKLGTCUCEGTQ

GNÅEVTKEQCNETQOQXCPCFKQ
VGORNCFQCNCEGKVG
-'8.#4ŠGUWPCOCTECTGIKUVTCFCFG'+FW ■
/CPIQUGTIQPÏOKEQURCTCNCU
2QPVFG0GOQWTUCPF%QORCP[
OCPQURN½UVKEQTGUKUVGPVGC
NQUIQNRGU

0ÖOFG '#0
CTVÉEWNQ  OO 6KLGTCU /CPIQU I
5$   ETQOCFQ EQPTGXGUVKOKGPVQFGRN½UVKEQ 


#.+%#6'5'52'%+#.'5

 %QTVCPVGUWPKXGTUCNGU ■


2CTCGNEQTVGFGECTVÏPRN½UVKEQN½OKPCUFGCNWOKPKQNCVÏP[EQDTG
}}0QCFGEWCFQURCTCEQTVCTCNCODTGFGCEGTQQEJCRCFGJKGTTQ
■ %WEJKNNCUFGEQTVGVGORNCFCU[CHKNCFCUEQPITCPRTGEKUKÏP

■ %QPOWGNNGFGCRGTVWTC[RCNCPECFGEKGTTG


7PTGVÅPRTQVGEVQTGXKVCSWGGNVTCDCLCFQTUGRGNNK\SWGNQUFGFQU

#TVKEWNCEKÏPEQPVQTPKNNQCLWUVCDNG
■ %WGTRQFGEQTVCECDNGUCEGTQRCTCEKTWIÉCKPQZKFCDNG

 VGORNCFQCNCKTG
 ■ /CPIQURN½UVKEQTGUKUVGPVGCNQUIQNRGU


%CDG\CCPIWNCFCRCTCJCEGTH½EKNOGPVGEQTVGUNCTIQU
OCPIQUFGRN½UVKEQFGHQTOCGTIQPÏOKEC


40°  




0ÖOFG '#0
CTVÉEWNQ  OO %CDG\C /CPIQU I
   RWNKFC EQPTGXGUVKOKGPVQFGRN½UVKEQ 
   40°   RWNKFC EQPTGXGUVKOKGPVQFGRN½UVKEQ 
   RWNKFC EQPTGXGUVKOKGPVQFGRN½UVKEQ 


 %QTVCVWDQU ■ 2CTCEQTVCTVWDQUHKPQUFGRN½UVKEQ
RQTGLGORNQVWDQUFGRN½UVKEQ
EQPDNKPFCLG [OCPIWGTCUVCODKÅPTGHQT\CFQUEQPVGLKFQFGRN½UVKEQ
RCTCVWDQUHNGZKDNGU[FGRTQVGEEKÏP QIQOCJCUVCOOFGFK½OGVTQFK½OGVTQGZVGTKQT
■ }}0QCFGEWCFQRCTCEQTVCTECDNGU


%QPOWGNNGFGCRGTVWTC[RCNCPECFGEKGTTG

%WGTRQFGJGTTCOKGPVCRN½UVKEQTGHQT\CFQEQPHKDTCFGXKFTKQ

%WEJKNNCCEGTQGURGEKCNRCTCJGTTCOKGPVCUVGORNCFQCNCEGKVG
KPVGTECODKCDNG




%QPEWEJKNNCTGECODKCDNG

0ÖOFG '#0 %CRCEKFCFFGEQTVG


CTVÉEWNQ  OO ´OO I
    
     

  %WEJKNNCFGTGECODKQRCTC


#.+%#6'5'52'%+#.'5

 %QTVCVWDQU ■
2CTCEQTVCTVWDQUEQODKPCFQUFGFK½OGVTQOO[VWDQU
RTQVGEVQTGUHNGZKDNGUFGFK½OGVTQOOUKPFCÍCTGNKPVGTKQT
RCTCVWDQUEQODKPCFQU[FGRTQVGEEKÏP ■ 2QUKDKNKFCFFGEQNQECTWPECNKDTCFQTRQTGLGORNQRCTCVWDQU

)GDGTKVFG[OOFGFK½OGVTQ

%WGTRQFGJGTTCOKGPVCCEGTQGNÅEVTKEQCNETQOQXCPCFKQFG
ECNKFCFGURGEKCNVGORNCFQCNCEGKVG
■ %WEJKNNCCEGTQGURGEKCNRCTCJGTTCOKGPVCUVGORNCFQCNCEGKVG

KPVGTECODKCDNG




.QUVWDQUEQODKPCFQUUQPEQTVCFQUFG %QTVGNKORKQFGVWDQUFGRTQVGEEKÏP
HQTOCNKORKC[UKPFGHQTOCEKQPGU OOFGFK½OGVTQ

%CRCEKFCFFGEQTVG %CRCEKFCFFGEQTVG .QPIKVWFFGNC


0ÖOFG '#0 VWDQUEQODKPCFQU VWDQUFGRTQVGEEKÏP EJWEJKNNC
CTVÉEWNQ  OO *GTTCOKGPVC /CPIQU ´OO ´OO OO I
   ICNXCPK\CFQ EQPHWPFCUGPFQUEQORQPGPVGU    
         
  %WEJKNNCFGTGECODKQRCTC
VWDQUEQODKPCFQU
  RCTFGEWEJKNNCUFGTGECODKQRCTC
VWDQURTQVGEVQTGU
  %CNKDTCFQTRCTC
VWDQU)GDGTKV


#.+%#6'5'52'%+#.'5

 %QTVCVWDQU ■
2CTCEQTVCTVWDQUEQODKPCFQU[VWDQUFGRN½UVKEQFGOO
FGFK½OGVTQ
RCTCVWDQUEQODKPCFQU[FGRN½UVKEQ ■ 2CTCEQTVCTVWDQUUKPIQNRGUFGTGVTQEGUQ

■ 5QRQTVGFGNVWDQOÏXKNRCTCGNEQTVGTGEVCPIWNCTFGNVWDQ


%WGTRQFGJGTTCOKGPVCCEGTQGNÅEVTKEQCNETQOQXCPCFKQFG
ECNKFCFGURGEKCNVGORNCFQCNCEGKVG
■ %WEJKNNCCEGTQGURGEKCNRCTCJGTTCOKGPVCUVGORNCFQCNCEGKVG

KPVGTECODKCDNG




%QTVGNKORKQFGVWDQUFGRN½UVKEQ[VWDQU 0QCRVQRCTCVWDQUFGRN½UVKEQFGRCTGF
EQODKPCFQUITWGUQU HKPC2CTCGNNQUGTWGICWVKNK\CTGNPÖOGTQ
FGCTVÉEWNQ

0ÖOFG '#0 %CRCEKFCFFGEQTVG .QPIKVWFFGNCEWEJKNNC


CTVÉEWNQ  OO *GTTCOKGPVC /CPIQU ´OO OO I
   ICNXCPK\CFQ EQPHWPFCUGPFQUEQORQPGPVGU   
        
  %WEJKNNCFGTGECODKQRCTC


 %QTVCVWDQU ■
2CTCEQTVCTUKPTGDCDCVWDQUFGRN½UVKEQFGOOFGFK½OGVTQ

'LVWDQURTQVGEVQTGUFGNCUKPUVCNCEKQPGUGNÅEVTKECU
RCTCVWDQUFGRN½UVKEQ
KPUVCNCEKÏPGNÅEVTKEC ■ }}0QCFGEWCFQRCTCEQTVCTECDNGU


%WEJKNNCFGTGECODKQRQUKDKNKFCFFGNKDGTCTGPEWCNSWKGTRQUKEKÏP
■ /GPQUHWGT\CTGSWGTKFCFGDKFQCUWGURGEKCNIGQOGVTÉCFGEQTVG

[CUWÏRVKOCOWNVKRNKECEKÏP

%QTVGUKPCRGPCUGUHWGT\QITCEKCUCUWUOCPIQUGTIQPÏOKEQU
[CNCXCPEGRTQITGUKXQFGNCEWEJKNNC
■ %CTECUCCNWOKPKQHWPFKFQCRTGUKÏPRKPVCFQFGTQLQ


%WEJKNNCCEGTQGURGEKCNRCTCJGTTCOKGPVCUVGORNCFQCNCEGKVG




0ÖOFG '#0 %CRCEKFCFFGEQTVG .QPIKVWFFGNCEWEJKNNC


CTVÉEWNQ  OO %WGTRQ ´OO OO I
   HWPFKEKÏPFGCNWOKPKQNCECFQGPTQLQ   
       
  %WEJKNNCFGTGECODKQRCTC


#.+%#6'5'52'%+#.'5

 #NKECVGURCTCGPUCODNCTRGTHKNGU ■
2CTCWPKTHKTOGOGPVGVQFQVKRQFGRGTHKNGUFGEJCRCWVKNK\CFQU
GPVCDKSWGU[VGEJQUUWURGPFKFQU
■ 2CTCRGTHKNGUGPHQTOCFGp7q[p%qEQPWPO½ZKOQITQUQT

FGEJCRCFGOO
ZOO

'UHWGT\QOÉPKOQITCEKCUCUWÏRVKOCOWNVKRNKECEKÏPFGRCNCPEC

%WGTRQFGCNKECVGUCEGTQGURGEKCNRCTCJGTTCOKGPVCUNCOKPCFQ
VGORNCFQCNCEGKVG

/CPGLQEQPWPCUQNCOCPQ




%QNQECTGNCNKECVGRCTCNCEQPGZKÏPFGFQU 2TGUKQPCTNCJGTTCOKGPVCGPVTGNCUN½OKPCU
UGEEKQPGUFGNCOKPCUFGOGVCN FGOGVCN


0ÖOFG '#0
CTVÉEWNQ  OO #NKECVG /CPIQU %CRCEKFCF I
   DTWÍKFQ EQPHWPFCUGPFQUEQORQPGPVGU OCZ
Z 
    DTWÍKFQ EQPHWPFCUGPFQUEQORQPGPVGU OCZ
Z  
       
  2WP\ÏPFGTGECODKQRCTC
/  /CVTK\FGTGECODKQRCTC


 %K\CNNCRCTCEJCRC ■
2CTCEQTVCTEJCRCFGJKGTTQEQDTGQCNWOKPKQJCUVCWPO½ZKOQFG
OOFGGURGUQTOCVGTKCNRN½UVKEQJCUVCO½ZOOFGITQUQT
■ %QTVGUKPFGHQTOCEKQPGUFGNQUOCVGTKCNGU


%QTVGUNKORKQUUKPTGDCDCUGXKVCPFQVTCDCLQUCFKEKQPCNGU
■ %QPFGHNGEVQTFGXKTWVCU

■ (½EKNOCPGLQ


#PEJWTCFGEQTVGOO
■ %WGTRQFGJGTTCOKGPVCCEGTQGURGEKCNRCTCJGTTCOKGPVCUNCOKPCFQ

 VGORNCFQCNCEGKVG
 

%WEJKNNCCEGTQGURGEKCNRCTCJGTTCOKGPVCUVGORNCFQCNCEGKVG
KPVGTECODKCDNG

%QTVCTGP7[TQORGTXKTWVCUGPWPOKUOQ /QTFGTUKPEQTVCT
RTQEGUQ

0ÖOFG '#0
CTVÉEWNQ  OO *GTTCOKGPVC /CPIQU I
    PKSWGNCFQ EQPHWPFCUGPFQUEQORQPGPVGU 
      
  %WEJKNNCFGTGECODKQRCTC


#.+%#6'5'52'%+#.'5


 #NKECVGURCTCEQTVGUGPp7q 'NCNKECVGRCTCEQTVGUGP7FG-0+2':TGCNK\COWGUECU
GPTGRKUCUFGRN½UVKEQ[EQPFWEVQTGUFGECDNGEQPWPEQTVG
UKORNG[T½RKFQ'XKVCPFQRGTFKFCUFGVKGORQ[VTCDCLQU
CFKEKQPCNGU


#NKECVGGURGEKCNRCTCEQTVGUGPp7qGPOCVGTKCNGURN½UVKEQUECLCU
RTQVGEVQTCURCTCKPUVCNCEKQPGUGNÅEVTKECU[UCPKVCTKCU

.QUEQTVGUGPp7qRWGFGPUGTCNCTICFQUOGFKCPVGEQTVGURTGXKQU[
CFKEKQPCNGU
■ %QTVGUNKORKQUUKPTGDCDCUGXKVCPFQVTCDCLQUCFKEKQPCNGU


(½EKNOCPGLQ
 ■
%QPOWGNNG[NKOKVCEKÏPFGCRGTVWTC[RCNCPECFGEKGTTG
■ %WGTRQFGCNKECVGUCEGTQGURGEKCNRCTCJGTTCOKGPVCUNCOKPCFQ

VGORNCFQCNCEGKVG

0ÖOFG '#0
CTVÉEWNQ  OO #NKECVG /CPIQU %CRCEKFCF I
   ZOO 
DTWÍKFQ EQPHWPFCUFGRN½UVKEQ
   ZOO 


#NKECVGURCTCDKEKENGVCU ■


2CTCEQPGZKQPGUFGVQTPKNNQUOW[GUVTGEJCU
#EGTQGURGEKCNRCTCJGTTCOKGPVCUHQTLCFQVGORNCFQCNCEGKVG
&+0+51


%CDG\CTGEVC


%CDG\CGP½PIWNQFG–

 
 20°  

0ÖOFG '#0 %CRCEKFCF 'URGUQTFGNC


CTVÉEWNQ  OO #NKECVG %CDG\C /CPIQU ´OO ECDG\COO I
   PGITQCVTCOGPVCFQ RWNKFC TGEWDKGTVQUFGRN½UVKEQ   
   20°   PGITQCVTCOGPVCFQ RWNKFC TGEWDKGTVQUFGRN½UVKEQ   


#.+%#6'5'52'%+#.'5

 5CECDQECFQUFGTGXQNXGT ■


2CTCTGCNK\CTCIWLGTQUGPOCVGTKCNVGZVKNQRN½UVKEQ
%QPRWP\QPGUKPVGTECODKCDNGUFGFK½OGVTQ
OO
■ %QPOWGNNGFGCRGTVWTC[RCNCPECFGEKGTTG


2WNXGTK\CFQRCTCWPCOGLQTRTQVGEEKÏPEQPVTCNCQZKFCEKÏP

%WGTRQFGNQUCNKECVGU[UCECDQECFQUCEGTQGURGEKCNRCTC
JGTTCOKGPVCUGPFWTGEKFQCNCEGKVG




2WP\QPGUKPVGTECODKCDNGU

0ÖOFG '#0
CTVÉEWNQ  OO #NKECVG #ECDCFQ I
   NCECFQCNRQNXQTQLQ TGEWDTKOKGPVQFGRQNXQ 


 6GPC\CRCTCRGTHQTCTC\WNGLQU ■ .QUCIWLGTQUGPDCNFQUCUUG
RWGFGPCITCPFCTRKE½PFQNQU

VGPC\CRKEQFGNQTQ [UGNGURWGFGFCTHQTOCCNQU
DQTFGU
■ #EGTQGURGEKCNRCTCJGTTCOKGP

VCUHQTLCFQVGORNCFQCNCEGKVG



0ÖOFG '#0
CTVÉEWNQ  OO #NKECVG %CDG\C I
   PGITQCVTCOGPVCFQ RWNKFC 


#.+%#6'5'52'%+#.'5

 #NKECVGRCTCEQTVCTXKFTKQ ■


2CTCEQTVCTXKFTKQCNCOGFKFCGUVCDNGEKFC
#EGTQGURGEKCNRCTCJGTTCOKGPVCUHQTLCFQVGORNCFQCNCEGKVG
&+0+51




0ÖOFG '#0 #PEJWTCFGNCDQEC


CTVÉEWNQ  OO #NKECVG %CDG\C /CPIQU OO I
   PGITQCVTCOGPVCFQ RWNKFC TGEWDKGTVQUFGRN½UVKEQ  


#NKECVGURCTCRCTVKTXKFTKQ ■


2CTCEQTVCTVKTCUFGXKFTKQGUVTGEJCURQTWPCNKPGCOCTECFC
2CTCCECDCTNQUDQTFGUFGNXKFTKQ
&+0+51 ■
#EGTQGURGEKCNRCTCJGTTCOKGPVCUHQTLCFQVGORNCFQCNCEGKVG


/QFGNQGUVTGEJQEQPOWGNNGFGCRGTVWTC



0ÖOFG '#0 #PEJWTCFGNCDQEC


CTVÉEWNQ  OO #NKECVG %CDG\C /CPIQU OO I
   PGITQCVTCOGPVCFQ RWNKFC TGEWDKGTVQUFGRN½UVKEQ  
     PGITQCVTCOGPVCFQ RWNKFC TGEWDKGTVQUFGRN½UVKEQ  


 #NKECVGEQPDQECURNCPCURCTCXKFTKQ ■


%QPDQECUFGCICTTGUWCXGU
2CTCNKORKCT[EQTTGIKTNQUDQTFGUFGNXKFTKQRQTGLGORNQ
&+0+51 CNVTCVCTNQCOQFQFGTGINGVC

#EGTQGURGEKCNRCTCJGTTCOKGPVCUHQTLCFQVGORNCFQCNCEGKVG




0ÖOFG '#0 #PEJWTCFGNCDQEC


CTVÉEWNQ  OO #NKECVG %CDG\C /CPIQU OO I
   PGITQCVTCOGPVCFQ RWNKFC TGEWDKGTVQUFGRN½UVKEQ  


#.+%#6'5'52'%+#.'5

 #NKECVGRCTCN½ORCTCUJCNÏIGPCU ■


2CTCNCKPUVCNCEKÏPFGN½ORCTCUJCNÏIGPCU
5WRGTHKEKGFGCICTTGRNCUVKHKECFC
■ #EGTQGNÅEVTKEQCNETQOQXCPCFKQHQTLCFQVGORNCFQCNCEGKVG



0ÖOFG '#0
CTVÉEWNQ  OO #NKECVG %CDG\C /CPIQU I
   PGITQCVTCOGPVCFQ RWNKFC TGEWDKGTVQUFGRN½UVKEQ 


 .½ORCTC.'&OCIPÅVKEC ■


2CTCKNWOKPCT\QPCUFGVTCDCLQQUEWTCU
(KLCEKÏPGPNCJGTTCOKGPVCOGFKCPVGRQVGPVGUKOCPGU
2QVGPVG.WOKPQUC%QORCEVC ■ &KOGPUKQPGUOW[EQORCEVCU


#RTQZJQTCUFGKNWOKPCEKÏPEQPRKNCUFGDQVÏP
KPVGTECODKCDNGU
%4

5WLGEKÏPFGOQUSWGVÏP

%CTECUCFGRN½UVKEQTGUKUVGPVGCKORCEVQU

8

0ÖOFG '#0
CTVÉEWNQ  I
8  


..#8'52#4##4/#4+15&'%10641.

 -0+2':6YKP-G[Š
'SWKRCOKGPVQUQHKUVKECFQGNCDQTCEKÏPFG
RCTCCTOCTKQU[UKUVGOCUFGRCUQGUV½PFCT
ITCPECNKFCF
RGTHKNGUETWEGUNNCXG6QFQUNQUUKUVGOCUFGRCUQ .C-0+2':6YKP-G[ŠFGQEJQECTCUGUV½EQORWGUVCRQTFQU
ETWEGUSWGUGKPUGTVCPWPCGPNCQVTCEQPWPKO½P


.NCXGOWNVKHWPEKQPCNRCTCUKUVGOCUFGRCUQGPNCKPIGPKGTÉCFG
EQPUVTWEEKÏP
ECNGHCEEKÏP[HQPVCPGTÉCVÅEPKECFGENKOCVK\CEKÏP[
XGPVKNCEKÏPGNGEVTQVÅEPKEQU UWOKPKUVTQFGICU[CIWC[UKUVGOCUFG
DNQSWGQ
■ 8GTUKÏPFGECTCUNNCXGUETWEKHQTOGUWPKFCUOGFKCPVGKO½P

RCTCCJQTTCTGURCEKQ

2WPVCDKVTGXGTUKDNGTCPWTCFGZOO[ETWEKHQTOG2*

.NCXG[DKVTGXGTUKDNGWPKFQURQTWPTGUKUVGPVGECDNGKPQZKFCDNG
■ 5WRGTHKEKGTGEWDKGTVCFGCNVCECNKFCF


&KUGÍQFGHWPFKEKÏPFG\KPEEQPRGUQQRVKOK\CFQ



%CRCEKFCF
0ÖOFG '#0
CTVÉEWNQ  OO ´OO ´OO ´OO ´OO ´OO I
        


..#8'52#4##4/#4+15&'%10641.

 .NCXGURCTCCTOCTKQUFGEQPVTQN ■
2CTCCTOCTKQUFGEQPVTQN[RCTCUKUVGOCUFGRCUQFGICUCIWC[
GNGEVTKEKFCF
RCTCCTOCTKQU[UKUVGOCUFGRCUQGUV½PFCT ■ 2CTCKPUVCNCEKQPGUVÅEPKECUFGGFKHKEKQURGLUKUVGOCUFGCKTG

CEQPFKEKQPCFQ[XGPVKNCEKÏPX½NXWNCUFGRCUQEWCFTQUGNÅEVTKEQUGVE
■ 2WPVCDKVTGXGTUKDNGDQECRNCPCZOO[DQECGUVTGNNC2*



%QPCFCRVCFQTFGRCTCRWPVCUDKVGPECFGPCFGUGIWTKFCF
/QFGNQEQTVQNQPIKVWFVQVCNOO

%QPCFCRVCFQTFGRCTCRWPVCUDKVGPWPDTC\Q
■ (WPFKEKÏPFG\KPE


/QFGNQNCTIQNQPIKVWFVQVCNOO
0ÖOFG '#0
%WCFTCFQCFKEKQPCNFGOO
CTVÉEWNQ  OO OO OO OO I
      
       


 2TQHK-G[RCTCUKUVGOCUFGRCUQGUV½PFCT ■ .NCXGRCTCECNGHCEEKÏPCKTGCEQPFKEKQPCFQHQPVCPGTÉCGKPIGPKGTÉC
FGEQPUVTWEEKÏPRGLRCTCOCPKNNCUFGRWGTVCU[XGPVCPCUQRCTC
RWTICTTCFKCFQTGU
■ 2WPVCDKVTGXGTUKDNGDQECRNCPCZOO[DQECGUVTGNNC2*

■ %QPCFCRVCFQTFGRCTCRWPVCUDKVGPECFGPCFGUGIWTKFCF


%QPCFCRVCFQTFGRCTCRWPVCUDKVGPWPDTC\Q
■ .QPIKVWFVQVCNOO


(WPFKEKÏPFG\KPE

0ÖOFG '#0
 CTVÉEWNQ  OO OO OO OO I
      


 .NCXGWPKXGTUCN ■
2CTCUKUVGOCUFGEKGTTGGPNCGNGEVTQVÅEPKECCDCUVGEKOKGPVQ
FGICU[CIWCVÅEPKECFGENKOCVK\CEKÏP[XGPVKNCEKÏPKPFWUVTKC
RCTCCTOCTKQU[UKUVGOCUFGRCUQGUV½PFCT UKUVGOCVÅEPKEQRCTCGFKHKEKQUGVE

NNCXGUFKHGTGPVGUFGHWPFKEKÏPFG\KPEGPWPCNNCXG

%QPECFGPCFGUOQPVCDNG[OQUSWGVÏP
■ .QPIKVWFVQVCNOO


(WPFKEKÏPFG\KPE

0ÖOFG '#0
CTVÉEWNQ  OO OO OO OO OO I
        


 .NCXGWPKXGTUCNp%QPUVTWEEKÏPq ■
2CTCUKUVGOCUFGEKGTTGGPNCGNGEVTQVÅEPKECCDCUVGEKOKGPVQFGICU
[CIWCVÅEPKECFGENKOCVK\CEKÏP[XGPVKNCEKÏPKPFWUVTKCUKUVGOC
RCTCCTOCTKQU[UKUVGOCUFGRCUQGUV½PFCT VÅEPKEQRCTCGFKHKEKQUGVE
■ NNCXGUFKHGTGPVGUFGHWPFKEKÏPFG\KPEGPWPCNNCXG


#ECDCFQRCTCpEQPUVTWEEKÏPqEQPUWRNGOGPVQKPUGTVCFQ[FG
HKLCEKÏPOCIPÅVKECCTTCUVTGURCTCEGTTCFWTCUEQPRGTHKNFGEKNKPFTQ
[EWCFTCFQGUECNQPCFQ

%QPCFCRVCFQTRCTCDKVUFGEQPKO½P
■ %QPECFGPCFGUOQPVCDNG[OQUSWGVÏP

■ .QPIKVWFFGNDTC\QOO


(WPFKEKÏPFG\KPE
8

%CRCEKFCF
0ÖOFG '#0
CTVÉEWNQ  OO ´OO ´OO ´OO ´OO ´OO I
8        


..#8'52#4##4/#4+15&'%10641.


 .NCXGWPKXGTUCN ■
2CTCUKUVGOCUFGEKGTTGGPNCGNGEVTQVÅEPKECCDCUVGEKOKGPVQFGICU
[CIWCVÅEPKECFGENKOCVK\CEKÏP[XGPVKNCEKÏPKPFWUVTKCUKUVGOC
RCTCCTOCTKQU[UKUVGOCUFGRCUQGUV½PFCT VÅEPKEQRCTCGFKHKEKQUGVE
■ %WCVTQECTCUFKUVKPVCUGPHWPFKEKÏPFG\KPEGPWPCNNCXG


%QPCFCRVCFQTRCTCDKVUFGEQPKO½P
■ .QPIKVWFVQVCNFGNDTC\QOO

■ %WGTRQFGRN½UVKEQRKPVCFQ

8

0ÖOFG '#0
CTVÉEWNQ  OO OO OO OO I
8      


 .NCXGRCTCCTOCTKQUFGEQPVTQN ■ .NCXGRCTCCTOCTKQUFGEQPVTQNH½EKNFGVTCPURQTVCTGPHQTOCFG
DQNÉITCHQEQPENKRFGUWLGEKÏP
GPHQTOCFGDQNÉITCHQ ■ 5CECPFQGNUQRQTVGFGNCNNCXGUGRWGFGFKURQPGTFGEWCVTQRGTHKNGU

RCTCCTOCTKQU[UKUVGOCUFGRCUQGUV½PFCT FGNNCXGUFKHGTGPVGU

2CTCCTOCTKQUFGEQPVTQN[RCTCUKUVGOCUFGRCUQFGICUCIWC[
GNGEVTKEKFCF

2CTCKPUVCNCEKQPGUVÅEPKECUFGGFKHKEKQURGLUKUVGOCUFGCKTG
CEQPFKEKQPCFQ[XGPVKNCEKÏPX½NXWNCUFGRCUQEWCFTQUGNÅEVTKEQUGVE
■ #NQLCOKGPVQWPKXGTUCNRCTCRWPVCUDKVFGRCTCRWPVCUDKV

EQOGTEKCNGU
KO½PRGTOCPGPVGRCTCNCHKLCEKÏP

%QPCFCRVCFQTFGRCTCRWPVCUDKVGPWPRGTHKNFGNCNNCXG
■ %QPRWPVCUDKVTGXGTUKDNGUTCPWTCGPETW\2*

TCPWTCZOO[6:6:

%WGTRQFGJGTTCOKGPVCRN½UVKEQTGHQT\CFQEQPHKDTCFGXKFTKQ
■ 2GTHKNGUFGNNCXGUU<KPEOQNFGCFQCRTGUKÏP



0ÖOFG '#0
CTVÉEWNQ  OO OO OO OO I
      


..#8'52#4##4/#4+15&'%10641.

 .NCXGRCTCCTOCTKQUFGEQPVTQN ■ .NCXGRCTCCTOCTKQUFGEQPVTQNH½EKNFGVTCPURQTVCTGPHQTOCFG
DQNÉITCHQEQPENKRFGUWLGEKÏP
GPHQTOCFGDQNÉITCHQ2TQHK-G[ ■ 5CECPFQGNUQRQTVGFGNCNNCXGUGRWGFGFKURQPGTFGVTGURGTHKNGU

RCTCUKUVGOCUFGRCUQGUV½PFCT FGNNCXGUFKHGTGPVGU

.NCXGWPKXGTUCNRCTCVQFQUNQUQRGTCTKQUFGNCEQPUVTWEEKÏPEQPRGT
HKNGURCTCNQU½ODKVQUFGNCECNGHCEEKÏPENKOCVK\CEKÏPKPUVCNCEKQPGU
UCPKVCTKCU[UKUVGOCUVÅEPKEQUFGGFKHKEKQUEQOQRGLOCPKNNCUFG
RWGTVCU[XGPVCPCUQRCTCRWTICTECNGHCEEKQPGU
■ #NQLCOKGPVQWPKXGTUCNRCTCRWPVCUDKVFGRCTCRWPVCUDKV

EQOGTEKCNGU
KO½PRGTOCPGPVGRCTCNCHKLCEKÏP

%QPCFCRVCFQTFGRCTCRWPVCUDKVGPWPRGTHKNFGNCNNCXG

%QPRWPVCDKVTCPWTCGPETW\2*[RQUKDKNKFCFRCTCIWCTFCTWPC
UGIWPFCRWPVCDKV

%WGTRQFGJGTTCOKGPVCRN½UVKEQTGHQT\CFQEQPHKDTCFGXKFTKQ
 ■ 2GTHKNGUFGNNCXGUU<KPEOQNFGCFQCRTGUKÏP

0ÖOFG '#0
CTVÉEWNQ  OO OO OO OO I
      


 .NCXGRCTCCTOCTKQUFGEQPVTQN ■ .NCXGRCTCCTOCTKQUFGEQPVTQNH½EKNFGVTCPURQTVCTGPHQTOC
FGDQNÉITCHQEQPENKRFGUWLGEKÏP
GPHQTOCFGDQNÉITCHQ ■
&GVGEEKÏPUKPEQPVCEVQFGEQTTKGPVGCNVGTPCEQPKPFKECEKÏPÏRVKEC
EQPFGVGEVQTFGEQTTKGPVGGFGECORQUOCIPÅVKEQU
.'&TQLC OCTIGPFGVGPUKÏP8OCTIGPFGHTGEWGPEKC
*\
RCTCCTOCTKQU[UKUVGOCUFGRCUQGUV½PFCT ■
&GVGEEKÏPUKPEQPVCEVQFGECORQUOCIPÅVKEQUEQPKPFKECEKÏP
XKUWCN
.'&XGTFG
■ $QVÏPFGGPEGPFKFQ


#RCICFQCWVQO½VKEQEQPUGTXCNCDCVGTÉC'NCRCTCVQUGCRCIC
CWVQO½VKECOGPVGFGURWGUFGOKPWVQUFGUGTWVKNK\CFQ

+PFKECEKÏPOGFKCPVG.'&NWOKPQUQCWVQVGUVFGGPEGPFKFQ
EQPVTQNFGRKNCU[FGEQPFWEVQTDCLQEQTTKGPVGGPNCUKPOGFKCEKQPGU
■ %QORCTVKOGPVQFGRKNCUEQPEKGTTGCTQUECRCTCFQURKNCUVKRQ.4

■ 5CECPFQGNUQRQTVGFGNCNNCXGUGRWGFGFKURQPGTFGEWCVTQRGTHKNGU

FGNNCXGUFKHGTGPVGU
■ 2CTCCTOCTKQUFGEQPVTQN[RCTCUKUVGOCUFGRCUQFGICUCIWC[

GNGEVTKEKFCF
 ■
2CTCKPUVCNCEKQPGUVÅEPKECUFGGFKHKEKQURGLUKUVGOCUFGCKTG
   CEQPFKEKQPCFQ[XGPVKNCEKÏPX½NXWNCUFGRCUQEWCFTQUGNÅEVTKEQUGVE
■ #NQLCOKGPVQWPKXGTUCNRCTCRWPVCUDKVFGRCTCRWPVCUDKV

EQOGTEKCNGU
KO½PRGTOCPGPVGRCTCNCHKLCEKÏP
■ %QPCFCRVCFQTFGRCTCRWPVCUDKVGPWPRGTHKNFGNCNNCXG


%QPWPDKVTGXGTUKDNGDQECGUVTGNNC2*DQECRNCPCZOO

%WGTRQFGJGTTCOKGPVCRN½UVKEQTGHQT\CFQEQPHKDTCFGXKFTKQ
■ 2GTHKNGUFGNNCXGUU<KPEOQNFGCFQCRTGUKÏP

0ÖOFG '#0
CTVÉEWNQ  OO OO OO OO I
      


.CEQTTKGPVGGNÅEVTKECUGIGPGTCECFCXG\
O½U EQP HWGPVGU TGPQXCDNGU EQOQ NC
HWGT\C FGN XKGPVQ 2GTQ ÅUVCU UQNCOGPVG

'0'4)+#
RWGFGP CRTQXGEJCTUG FG OCPGTC ÏRVKOC
GP FGVGTOKPCFQUNWICTGU 2QT GNNQ NC
IGPGTCEKÏP [ GN EQPUWOQ FG GNGEVTKEKFCF
UG UKVÖCP ECFC XG\ O½U CNGLCFQU .QU
PWGXQU EQPFWEVQU FG UWOKPKUVTQ UWRGTCP

'0.158+'0615 GUVCFKUVCPEKC
RGLJCUVCSWGNNGIWGGUVC
GNGEVTKEKFCF C -0+2':  RCTC ICTCPVK\CT
VCODKÅP GP GN HWVWTQ NC UGIWTKFCF FGN

&'.%#/$+1 CDCUVGEKOKGPVQ 2CTC ETGCT NC KPHTCG


UVTWEVWTC PGEGUCTKC NQU EQTVCECDNGU FG
-0+2':EQPVTKDW[GPGPNCEQPUVTWEEKÏPFG
EQPFWEVQUEQTVCPFQEQPUGIWTKFCF[RTG
EKUKÏP NQU ECDNGU GNÅEVTKEQU FG FK½OGVTQU
OW[XCTKCFQU

%QTVCECDNGU[
%QTVCECDNGURCTC
ECDNGVTGP\CFQ

%QTVCECDNGU                                         
%QTVCECDNGUEQPƂNQFGEQTVGFQDNG                         
6KLGTCUFGGNGEVTKEKUVC                                  
%QTVCECDNGU
VKRQECTTCEC                                
%QTVCECDNGU
RTKPEKRKQFGECTTCECXGNQEKFCFGU                

%QTVCECDNGURCTCECDNGVTGP\CFQ                          

%QTVCECDNGURCTCECDNGU$QYFGP                          

%QTVCECDNGURCTCECDNGVTGP\CFQ                          

;CUGCPRGUCFQUECDNGUUWDVGTT½PGQU
Q EQPFWEVQTGU OWTCNGU EQPXGPEKQPC
NGU NQU EQTVCECDNGU -0+2': EWORNGP
NQU TGSWKUKVQU RTQHGUKQPCNGU O½U FK
XGTUQU


%146#%#$.'5

%QTVCECDNGU ■


2CTCECDNGUFGEQDTG[CNWOKPKQUKORNGU[OÖNVKRNGU
}}0QCFGEWCFQRCTCEQTVCTECDNGFGCEEGTQQEQPFWEVQTGUFGEQDTG
VTGP\CFQ
■ %WEJKNNCUFGEQTVGVGORNCFCU[CHKNCFCUEQPITCPRTGEKUKÏP


%QTVGNKORKQUKPFGHQTOCEKQPGUPKCRNCUVCOKGPVQU

%QTVGOW[H½EKNEQPWPCUQNCOCPQ
■ 7PTGVÅPRTQVGEVQTGXKVCSWGGNVTCDCLCFQTUGRGNNK\SWGNQUFGFQU


#TVKEWNCEKÏPEQPVQTPKNNQCLWUVCDNG
■ #EGTQGURGEKCNRCTCJGTTCOKGPVCUHQTLCFQ[VGORNCFQCNCEGKVG

 
6KRQ
/WGNNGKPUGTVCFQGPNCCTVKEWNCEKÏP

6KRQ
*GTTCOKGPVCOWNVKHWPEKÏPRCTCVTCDCLCTEQPECDNGU0;/FGZOOŽJCUVCZ
OOŽ
EQTVCTRGNCTTGVKTCTGNCKUNCOKGPVQ RWPVQWPKXGTUCNFGRGNCFQRCTCCODCU
UGEEKQPGUFGEQPFWEVQTGUUÏNKFQUEGPVTCFQUGIWTQFGNECDNGGPGNRWPVQFGRGNCFQ
OGFKCPVGWPCIGQOGVTÉCFGEQTVGGPHQTOCFG8

 


   

'HGEVQFGEQTVGEQPWPCNKECVGFGEQTVG 'HGEVQFGEQTVGEQPWPEQTVCECDNGU
FKCIQPCNTGSWKGTGWPITCPGUHWGT\QEQTVG EQTVGH½EKNNKORKQUKPFGHQTOCEKQPGU
KPCFGEWCFQFGHQTOCEKÏPEQPUKFGTCDNG
FGNECDNG


  

 EQPHWPEKÏPFGRGNCECDNGU EQPOWGNNGFGCRGTVWTCWDKECFQ


GPNCCTVKEWNCEKÏP


%CRCEKFCFFGEQTVG
0ÖOFG '#0
CTVÉEWNQ  OO 6KRQ *GTTCOKGPVC /CPIQU ´OO OOŽ #9) I
     DTWÍKFQ TGEWDKGTVQUFGRN½UVKEQ    
      DTWÍKFQ EQPHWPFCUGPFQUEQORQPGPVGU    
CKUNCFQUEQPHWPFCUGPFQU
       ETQOCFQ    
EQORQPGPVGUUGIÖPPQTOC8&'
       DTWÍKFQ TGEWDKGTVQUFGRN½UVKEQ    
      DTWÍKFQ EQPHWPFCUGPFQUEQORQPGPVGU    
CKUNCFQUEQPHWPFCUGPFQU
         ETQOCFQ    
EQORQPGPVGUUGIÖPPQTOC8&'
      DTWÍKFQ TGEWDKGTVQUFGRN½UVKEQ    


%146#%#$.'5

 %QTVCECDNGUEQPHKNQFGEQTVGFQDNG
'NHKNQFQDNGRGTOKVGGPVQFCUNCUUKVWCEKQPGUFGEQTVG[
FGPVTQFGNCECRCEKFCFFGEQTVGKPFKECFCWPCRQUKEKÏP
GTIQPÏOKECFGNOCPIQRCTCNCOCPQ

■ 2CTCEQTVCTECDNGUFGEQDTG[CNWOKPKQ

■ }}0QCFGEWCFQRCTCEQTVCTECDNGFGCEEGTQQEQPFWEVQTGUFGEQDTG
 
VTGP\CFQ

%WEJKNNCUFGEQTVGVGORNCFCU[CHKNCFCUEQPITCPRTGEKUKÏP

%QTVGNKORKQUKPFGHQTOCEKQPGUPKCRNCUVCOKGPVQU

&KUVTKDW[GPFQGNRTQEGUQFGEQTVGGPEQTVGKPKEKCN
TGXGUVKOKGPVQ
CKUNCPVGGPNCRCTVGFGNCPVGTCFGNHKNQ [EQTVGHKPCN
EQPFWEVQTGP
NCRCTVGVTCUGTCFGNHKNQ GURQUKDNGEQTVCTECDNGUFGJCUVCOO
FGFK½OGVTQEQPGNOCPGLQFGWPCOCPQ
■ 4GFWEKFQGUHWGT\QITCEKCUCNCHCXQTCDNGOWNVKRNKECEKÏP[NC

IGQOGVTÉCQRVKOK\CFCFGNQUHKNQU

7PTGVÅPRTQVGEVQTGXKVCSWGGNVTCDCLCFQTUGRGNNK\SWGNQUFGFQU
 ■ #TVKEWNCEKÏPEQPVQTPKNNQCLWUVCDNG

  ■
#EGTQGURGEKCNRCTCJGTTCOKGPVCUHQTLCFQ[VGORNCFQCNCEGKVG


   

%QTVGKPKEKCN#NWVKNK\CTGNHKNQFGNCPVGTQ %QTVGHKPCN&GURWÅUFGJCDGTEQTVCFQGN
RCTCEQTVCTGNTGXGUVKOKGPVQCKUNCPVGEQP CKUNCOKGPVQFGNECDNGEQPGNHKNQFGNCPVGTQ
FK½OGVTQUFGECDNGUOC[QTGUUGOCPVKGPG NQUEQPFWEVQTGUUGEQTVCPGPGNRGTHKN
WPCGTIQPÏOKECCRGTVWTCFGNOCPIQ VTCUGTQ%QTVGKPKEKCNFGNCPVGEQTVGHKPCN
CVT½UFGGUVGOQFQUGEQTVCEQPO½U
HCEKNKFCF

   

%CRCEKFCFFGEQTVG
0ÖOFG '#0
CTVÉEWNQ  OO *GTTCOKGPVC /CPIQU ´OO OOŽ #9) I
    DTWÍKFQ TGEWDKGTVQUFGRN½UVKEQ    
     DTWÍKFQ EQPHWPFCUGPFQUEQORQPGPVGU    
CKUNCFQUEQPHWPFCUGPFQUEQORQPGPVGU
      ETQOCFQ    
UGIÖPPQTOC8&'
CKUNCFQURQTKPOGTUKÏPGPRN½UVKEQTGHQT\CFQ
       ETQOCFQ    
UGIÖPPQTOC8&'


%146#%#$.'5

%QTVCECDNGU ■
}}0QCFGEWCFQRCTCEQTVCTECDNGFGCEEGTQQEQPFWEVQTGUFGEQDTG
VTGP\CFQ
■ %WEJKNNCUFGEQTVGVGORNCFCU[CHKNCFCUEQPITCPRTGEKUKÏP

■ 0QRTQFWEGCRNCUVCOKGPVQUPKFGHQTOCEKQPGUGPGNECDNG


7PTGVÅPRTQVGEVQTGXKVCSWGGNVTCDCLCFQTUGRGNNK\SWGNQUFGFQU

#TVKEWNCEKÏPEQPVQTPKNNQCLWUVCDNG
■ %WGTRQFGEQTVCECDNGUCEGTQRCTCEKTWIÉCKPQZKFCDNG

VGORNCFQCNCKTG
■ /CPIQURN½UVKEQTGUKUVGPVGCNQUIQNRGU

  

2CTCEQTVCTECDNGUJCUVCOOFGFK½OGVTQOOŽEQPOWGNNGFGCRGTVWTC[
RCNCPECFGEKGTTG*QLCUHCDTKECFCUGPCEGTQKPQZKFCDNGVGORNCFQUCNCEGKVG


2CTCECDNGFGEQDTGUKORNGUJCUVCOOŽOÖNVKRNGUJCUVCOOŽFGJKNQUHKPQU
JCUVCOOŽECDNGOÖNVKRNGFGCNWOKPKQJCUVCOOŽEQTVGOW[H½EKNEQPWPC
UQNCOCPQITCEKCUCNGHGEVQOWNVKRNKECEKÏP#EGTQKPQZKFCDNGFGECNKFCFGURGEKCN[
VGORNCFQCNCEGKVG


   

%CRCEKFCFFGEQTVG
0ÖOFG '#0
CTVÉEWNQ  OO %CDG\C /CPIQU ´OO OOŽ #9) I
     RWNKFC EQPTGXGUVKOKGPVQFGRN½UVKEQ    
CKUNCFQUEQPTGXGUVKOKGPVQFGRN½UVKEQ
       RWNKFC    
UGIÖPPQTOC8&'


6KLGTCUFGGNGEVTKEKUVC (KNQUFGEQTVGCHKNCFQUEQPRTGEKUKÏPEQPFGPVCFQHKPQ
RCTCWPEQTVGNKORKQ[UKPFGUNK\COKGPVQ
(KNQFGEQTVGEQPEQTVCECDNGU
%QPDQNUCRQTVCJGTTCOKGPVCUFGRN½UVKEQ
■ 6KLGTCUWPKXGTUCNGURCTCGNGEVTKEKUVCU

/CPIQUEQPHWPFCUGPFQUEQORQPGPVGU
TGHQT\CFCUEQPHKDTCUFGXKFTKQ
■ (KNQUFGEQTVGFGCEGTQKPQZKFCDNG

FWTG\CFGNQUHKNQUFGEQTVG*4%

5$ 0ÖOFG '#0


CTVÉEWNQ  OO I
5$   


%146#%#$.'5

%QTVCECDNGU &KUGÍQEQORCEVQEQPWPCNQPIKVWFFGVCPUQNQOO
2GUQTGFWEKFQITCPGHGEVQRCNCPEC

■ 2CTCECDNGUFGEQDTG[CNWOKPKQUKORNGU[OÖNVKRNGU

}}0QCFGEWCFQRCTCCNCODTGFGCEGTQQECDNGUVTGP\CFQU

%WEJKNNCUFGEQTVGVGORNCFCU[CHKNCFCUEQPITCPRTGEKUKÏP
■ %QTVGNKORKQUKPFGHQTOCEKQPGUPKCRNCUVCOKGPVQU


5GTGSWKGTGWPOGPQTGUHWGT\QFGDKFQCUWGURGEKCNIGQOGVTÉCFG
 EQTVG[UWÏRVKOCOWNVKRNKECEKÏP
  ■ 7PTGVÅPRTQVGEVQTGXKVCSWGGNVTCDCLCFQTUGRGNNK\SWGNQUFGFQU


#TVKEWNCEKÏPEQPVQTPKNNQCLWUVCDNG

%CDG\CFGEWEJKNNCCEGTQGNÅEVTKEQCNXCPCFKQHQTLCFQ
VGORNCFQCNCEGKVG

/CPIQUVWDQFGCNWOKPKQ
FGCNVCTGUKUVGPEKC


   

)TCPECRCEKFCFFGEQTVGOCZOOFG
FK½OGVTQOOŽ

%CRCEKFCFFGEQTVG
0ÖOFG '#0
CTVÉEWNQ  OO %CDG\C /CPIQU ´OO OOŽ #9) I
    DTWÍKFQ EQPHWPFCUGPFQUEQORQPGPVGU    
CKUNCFQURQTKPOGTUKÏPGPRN½UVKEQTGHQT\CFQ
       RWNKFC    
UGIÖPPQTOC8&'


%QTVCECDNGU ■


2CTCECDNGUFGEQDTG[CNWOKPKQUKORNGU[OÖNVKRNGU
}}0QCFGEWCFQRCTCCNCODTGFGCEGTQQECDNGUVTGP\CFQU

%WEJKNNCUFGEQTVGVGORNCFCU[CHKNCFCUEQPITCPRTGEKUKÏP

%QTVGNKORKQUKPFGHQTOCEKQPGUPKCRNCUVCOKGPVQU
■ /WNVKRNKECEKÏPHCXQTCDNGRQTNCRCNCPECCTVKEWNCFC

■ 7PTGVÅPRTQVGEVQTGXKVCSWGGNVTCDCLCFQTUGRGNNK\SWGNQUFGFQU


#TVKEWNCEKÏPEQPVQTPKNNQCLWUVCDNG
■ %CDG\CFGEQTVGCVQTPKNNCFCKPVGTECODKCDNG


%CDG\CFGEWEJKNNCCEGTQGNÅEVTKEQCNETQOQXCPCFKQFGECNKFCF

GURGEKCNHQTLCFQVGORNCFQCNCEGKVG
■ /CPIQUVWDQFGCEGTQ

 

%CRCEKFCFFGEQTVG
0ÖOFG '#0
CTVÉEWNQ  OO %CDG\C /CPIQU ´OO OOŽ #9) I
    RWNKFC EQPHWPFCUFGRN½UVKEQ    
CKUNCFQURQTKPOGTUKÏPGPRN½UVKEQ
       RWNKFC    
TGHQT\CFQUGIÖPPQTOC8&'
         
  %CDG\CFGEQTVGFGTGECODKQRCTC


%146#%#$.'5

 %QTVCECDNGU
VKRQECTTCEC ■


2CTCECDNGUFGEQDTG[CNWOKPKQUKORNGU[OÖNVKRNGU
}}0QCFGEWCFQRCTCCNCODTGFGCEGTQQECDNGUVTGP\CFQU
■ %WEJKNNCUFGEQTVGVGORNCFCU[CHKNCFCUEQPITCPRTGEKUKÏP

■ %QTVGNKORKQUKPFGHQTOCEKQPGUPKCRNCUVCOKGPVQU


(½EKN[EÏOQFQOCPGLQEQPWPCUQNCOCPQITCEKCUCUWGHGEVQ
ECTTCEC
■ 5GTGSWKGTGWPOGPQTGUHWGT\QFGDKFQCUWÏRVKOCOWNVKRNKECEKÏP


2QUKDKNKFCFFGFQUXGNQEKFCFGURCTCWPEQTVGO½UH½EKN
■ (½EKNOCPGLQRQTUWTGFWEKFQRGUQ[HQTOCEQORCEVCGURGEKCN

RCTCVTCDCLCTGP½TGCUTGFWEKFCU

7PTGVÅPRTQVGEVQTGXKVCSWGGNVTCDCLCFQTUGRGNNK\SWGNQUFGFQU

#EGTQGURGEKCNRCTCJGTTCOKGPVCUHQTLCFQ[VGORNCFQCNCEGKVG

 
#FGEWCFQRCTCUGEEKQPGUFGZOOŽGPECDNGFGCNWOKPKQ
  


  

)TCPECRCEKFCFFGEQTVG 'HGEVQECTTCECRQUKDKNKFCFFGFQU
OCZKOQOOFGFK½OGVTQOOŽ XGNQEKFCFGURCTCWPEQTVGO½UH½EKN


    

 

(WPFCFGDTC\QHKLQEQPUWRGTHKEKGFGCRQ[QCNEQTVCT

%CRCEKFCFFGEQTVG
0ÖOFG '#0
CTVÉEWNQ  OO *GTTCOKGPVC /CPIQU ´OO OOŽ /%/ I
     PGITQNCECFQ EQPHWPFCUGPFQUEQORQPGPVGU    
      PGITQNCECFQ EQPHWPFCUGPFQUEQORQPGPVGU    
CKUNCFQUEQPHWPFCUGPFQUEQORQPGP
       PGITQNCECFQ    
VGUUGIÖPPQTOC8&'
CKUNCFQUEQPHWPFCUGPFQUEQORQPGP
        PGITQNCECFQ    
VGUUGIÖPPQTOC8&'
         
  %WEJKNNCOQXKDNGFGTGECODKQRCTC
  %WEJKNNCOQXKDNGFGTGECODKQRCTC


%146#%#$.'5

 %QTVCECDNGU
RTKPEKRKQFGECTTCECXGNQEKFCFGU
}'NRTKOGTEQTVCECDNGUVKRQECTCECOCPWCNRCTC
WUQEQPWPC[FQUOCPQUSWGEQTVCECDNGUFG%W[#N
EQPWPFK½OGVTQJCUVCOO

2CTCECDNGJCUVCWPFK½OGVTQFGOO
■ /CPGLQUGPEKNNQRQTUWTGFWEKFQRGUQ
I [GNFKUGÍQ
EQORCEVQ
OOFGNQPIKVWF sVCODKÅPRWGFGWVKNK\CTUG
GPGURCEKQUTGFWEKFQU

%QTVCECDNGUFGEQDTG[CNWOKPKQJCUVCWPFK½OGVTQFGOO
WVKNK\CPFQWPCQFQUOCPQU
 ■ .QUHKNQUVGORNCFQUEQPCHKNCFQFGRTGEKUKÏPEQTVCPTGEVC[

   NKORKCOGPVGUKPCRNCUVCT



2CTCECDNGUFGEQDTG[CNWOKPKQUKORNGU[OÖNVKRNGU
}}0QCFGEWCFQ
RCTCCNCODTGFGCEGTQQECDNGUVTGP\CFQU
■ #EEKQPCOKGPVQFGNCEQTQPCFGPVCFCFGVTGUXGNQEKFCFGU

EQPCNVCOWNVKRNKECEKÏPRCTCHCEKNKVCTGNEQTVGGPGNOCPGLQ
EQPWPC[FQUOCPQU
■ <QPCGURGEKCNFGCRQ[QGPGNOCPIQRCTCEQTVGUEQPGNCNKECVG

CRQ[CFQ

#EGTQGURGEKCNRCTCJGTTCOKGPVCUHQTLCFQ[VGORNCFQCNCEGKVG
%CRCEKFCFFGEQTVG
0ÖOFG '#0
CTVÉEWNQ  OO *GTTCOKGPVC %CDG\C /CPIQU ´OO OOŽ /%/ I
     PGITQCVTCOGPVCFQ RWNKFC EQPHWPFCUGPFQUEQORQPGPVGU    
  CKUNCFQUEQPHWPFCUGPFQU
   PGITQCVTCOGPVCFQ RWNKFC    
   EQORQPGPVGUUGIÖPPQTOC8&'
          
  ,WGIQRCTCTGRCTCTNCEWEJKNNCRKXQVCPVGRCTC[
  ,WGIQRCTCTGRCTCTNCEWEJKNNCHKLCRCTC[


 %QTVCECDNGU
VKRQECTTCEC %QTVCECDNGUEWDKGTVQUFGCEGTQFGJCUVCWPFK½OGVTQFG
OOOOŽ
RGLZOOŽ WVKNK\CPFQWPCQFQU
2CTCECDNGUEQPEQDGTVWTCFGCEGTQ
ECDNG59# OCPQU
4QDWUVQ/CPGLCDNG'UVCDNG
■  CPGLQUGPEKNNQRQTUWTGFWEKFQRGUQ
I [GNFKUGÍQEQORCEVQ
/

OOFGNQPIKVWF sVCODKÅPRWGFGWVKNK\CTUGGPGURCEKQUTGFWEKFQU
 %WEJKNNCUFGEQTVGCHKNCFCUEQPITCPRTGEKUKÏP[HKNQUFGEQTVGVGORNCFQU

CFKEKQPCNOGPVGRQTKPFWEEKÏP%QTVCPNKORKCOGPVGUKPFGHQTOCEKQPGUPK
CRNCUVCOKGPVQU
■ #EEKQPCOKGPVQKPPQXCFQTFGEQTQPCFGPVCFCFGVTGUXGNQEKFCFGUEQP
GNGXCFCOWNVKRNKECEKÏP

%QPUQRQTVGRCTCCRQ[CTCNEQTVCT
■  #EGTQGURGEKCNRCTCJGTTCOKGPVCUHQTLCFQ[VGORNCFQCNCEGKVG
# ■
0QCRVQRCTCEQTVCTECDNGU#%54PKECDNGUFGCEGTQ
  

(KNQFGEQTVGHTGUCFQEQP
RTGEKUKÏP[VGORNCFQRQT
KPFWEEKQP

%CRCEKFCFFGEQTVG
0ÖOFG '#0
CTVÉEWNQ  OO *GTTCOKGPVC /CPIQU ´OO OOŽ /%/
#     PGITCNCECFC EQPHWPFCUGPFQUEQORQPGPVGU    
   CKUNCFQUEQPHWPFCUGPFQUEQORQPGPVGU
#   PGITCNCECFC    
 UGIÖPPQTOC8&'

#  ,WGIQRCTCTGRCTCTNCEWEJKNNCRKXQVCPVG


#  ,WGIQRCTCTGRCTCTNCEWEJKNNCHKLC


%146#%#$.'5

 %QTVCECDNGU
VKRQECTTCEC
/CPIQUNQPIKVWFKPCNOGPVGCLWUVCDNGU[RQUKEKÏPCPIWNCT
EQPDTC\QUVGNGUEÏRKEQU RCTCVTCDCLCTO½UH½EKNOGPVGCLWUVCTNCNQPIKVWFFGN
OCPIQJCUVCWPCRCNCPECÏRVKOCRCTCWPEQTVGRQVGPVG
CEQFCTNQUOCPIQURCTCWPCRQUKEKÏPGTIQPÏOKEC

%QTVCECDNGUEQPOCPIQUVGNGUEÏRKEQU[CEQFCDNG

2CTCFK½OGVTQUFGECDNGFGJCUVCOODTC\QUCEQFCDNGURCTC
CLWUVCTNCCPEJWTCÏRVKOCFGNQUOKUOQUVCODKÅPKPFKECFQRCTC
VTCDCLCTGP\QPCUGUVTGEJCU

6TCDCLQEQPHQTVCDNGRQTGNRTKPEKRKQFGECTTCEC[GNTGFWEKFQRGUQ
 ■
/CPIQUVGNGUEÏRKEQUFGCNWOKPKQOW[TGUKUVGPVGU'ZVGPUKDNGJCUVC
  OORCTCNCRCNCPECO½ZKOCEQPITCPFGUFK½OGVTQUFGECDNGU
5GRWGFGPTGRNGICTCOORCTCQEWRCTGNOÉPKOQGURCEKQ
FWTCPVGGNVTCPURQTVG

%CDG\CNEQTVCPVGKPVGTECODKCDNG

)TCPTCPIQFGEQTVGJCUVCO½ZOOFG´QO½ZOOŽ

RGLZOOŽ0;; EQPECDNGUFG%W[#N

%QTVGH½EKN[NKORKQRQTNCIGQOGVTÉCQRVKOK\CFCFGNQUHKNQU

#TVKEWNCEKÏPEQPVQTPKNNQCLWUVCDNG

%CDG\CFGEQTVGCEGTQGURGEKCNRCTCJGTTCOKGPVCUGPFWTGEKFQ
CNCEGKVG

/CPIQUVWDQQXCNCFQFGCNWOKPKQ
CNVCOGPVGTGUKUVGPVG

EQPDQVÏPFG
CLWUVG

#LWUVCTWPCCPEJWTCHCXQTCDNGFGNQU
OCPIQU

&GURWÅUFGNRTKOGTEQTVGRCTEKCNCDTKTNQU 4GRGVKTGNRTQEGUQFGEQTVG[CRGTVWTCJCUVC
OCPIQUOGFKCPVGGNRTKPEKRKQFGECTTCEC SWGGNECDNGGUVÅEQTVCFQ

%CRCEKFCFFGEQTVG
0ÖOFG '#0
CTVÉEWNQ  OO %CDG\C /CPIQU ´OO OOŽ /%/ I
    DTWÍKFQ EQPHWPFCUGPFQUEQORQPGPVGU    
         
  %CDG\CFGEQTVGFGTGECODKQRCTC


%146#%#$.'5

 %QTVCECDNGU
VKRQECTTCEC ■
2CTCECDNGUFGEQDTG[CNWOKPKQFGWPJKNQQOÖNVKRNGUJKNQU
VCODKÅPEQPTGEWDTKOKGPVQUFGIQOCQRN½UVKEQFWTQU
EQPDTC\QUVGNGUEÏRKEQU ■ }}0QCFGEWCFQRCTCCNCODTGFGCEGTQQECDNGUVTGP\CFQU

■ 6CODKÅPX½NKFQRCTCECDNGUEQPTGHWGT\QFGJKGTTQ


5GTGSWKGTGWPOGPQTGUHWGT\QFGDKFQCUWÏRVKOCOWNVKRNKECEKÏP

%QTVGGZEGREKQPCNEQPRQEQGUHWGT\QITCEKCUCUWGHGEVQECTTCEC[
RQUKDKNKFCFFGWVKNK\CTGNEQTVCECDNGUEQPNCUFQUOCPQU

2QUKDKNKFCFFGNKDGTCTNCEWEJKNNCGPEWCNSWKGTRQUKEKÏP
■ .QPIKVWFFGNQUOCPIQUCLWUVCDNGGPXCTKQUPKXGNGUFG

OO
NQPIKVWFEQTVCRCTCGNVTCPURQTVGCFCRVCEKÏP
KPFKXKFWCNCNCUEQPFKEKQPGUFGVTCDCLQ

%WEJKNNCCEGTQGURGEKCNRCTCJGTTCOKGPVCUVGORNCFQCNCEGKVG
■ /CPIQUVWDQQXCNCFQFGCNWOKPKQCNVCOGPVGTGUKUVGPVG


.QPIKVWFFGNCJGTTCOKGPVCOORGUQFGUÏNQIT
CRTQZ


.QPIKVWFFGNCJGTTCOKGPVCOORGUQFGUÏNQIT


 

EQPDQVÏPFG
G
CLWUVG

%CRCEKFCFFGEQTVG
0ÖOFG '#0
CTVÉEWNQ  OO %CDG\C /CPIQU ´OO OOŽ /%/ I
      
 DTWÍKFQ EQPHWPFCUGPFQUEQORQPGPVGU
      
         
  %WEJKNNCOQXKDNGFGTGECODKQRCTC
  %WEJKNNCOQXKDNGFGTGECODKQRCTC


%146#%#$.'5

 %QTVCECDNGURCTCECDNGVTGP\CFQHQTLCFQ
%QTVCNKORKCOGPVG[UKPFGUJKNCEJCTVQFQUNQUECDNGUFG
(WPEKÏPFQDNGEQTVCTNKORKCOGPVGRTGPUCTEQPRTGEKUKÏP CEGTQKPENWUQCSWGNNQUEQPNCO½ZKOCTGUKUVGPEKC


%QPFQURGTHKNGUFGRTGPUCFQRCTCVGTOKPCNGUFGVTCEEKÏP$QYFGP
[RWPVCURCTCVTCEEKÏPFGECDNGUVTGP\CFQU

6TCDCLQEQPHQTVCDNGRQTUWFKUGÍQOCPGLCDNG[GUDGNVQ[GNOWGNNG
FGCRGTVWTCUKVWCFQGPGNKPVGTKQT

#TVKEWNCEKÏPEQPVQTPKNNQRCTCWPIWKCFQRTGEKUQFGNCEWEJKNNC
TGCLWUVCDNG
■ 'NGXCFCOWNVKRNKECEKÏPRCTCVTCDCLCTEQPWPOÉPKOQGUHWGT\Q


&WTG\CFGNQUHKNQUFGCRTQZ*4%
 ■
#EGTQCNETQOQXCPCFKQFGCNVQTGPFKOKGPVQHQTLCFQ
      VGORNCFQCNCEGKVG


      2TGPUCTGNVGTOKPCNCNECDNGFGVTCEEKÏP 2TGPUCTNQUVGTOKPCNGUCNCHWPFC$QYFGP

)WKCFQRTGEKUQRQTWPC
CTVKEWNCEKÏPCVQTPKNNCFC

/WGNNGKPVGTPQFGCRGTVWTC

5GIWTQFGVTCPURQTVG[
TGUVTKEEKÏPFGNCCRGTVWTC

2GTHKNGUFGRTGPUCFQ

%CRCEKFCFFGEQTVG
0ÖOFG '#0
CTVÉEWNQ  OO %CDG\C /CPIQU ´OO ´OO ´OO ´OO I
        RWNKFC TGEWDKGTVQUFGRN½UVKEQ     
        DTWÍKFQ EQPHWPFCUGPFQUEQORQPGPVGU     


%146#%#$.'5

 %QTVCECDNGURCTCECDNGU$QYFGP ■
2CTCECDNGU$QYFGP[ECDNGUFG
CNCODTGDNCPFQU
VCODKÅP8# 

(KNQUFGEQTVGVGORNCFQU
CFKEKQPCNOGPVGRQTKPFWEEKÏP
JCUVC´OO ■ #EGTQGURGEKCNRCTCJGTTCOKGP

■ %QTVGH½EKNNKORKQFGDKFQCNC
VCUHQTLCFQ[VGORNCFQCNCEGKVG
HQTOCGURGEKCNFGNHKNQ

(KNQUGPHQTOCFGJQ\GPEKGTTCP
NCRKG\CCEQTVCT[GXKVCPSWGUG
FGUJKNGPNQUECDQUFGNECDNGFG
CNCODTG
■ 5GTGSWKGTGWPOGPQT

GUHWGT\QFGDKFQCUWÏRVKOC
   OWNVKRNKECEKÏP
■ %QPOWGNNGFGCRGTVWTC[

RCNCPECFGEKGTTG

%CRCEKFCFFGEQTVG
0ÖOFG '#0
CTVÉEWNQ  OO 6KLGTCU %CDG\C /CPIQU ´OO I
     PGITQCVTCOGPVCFQ RWNKFC TGEWDKGTVQUFGRN½UVKEQ  


%QTVCECDNGURCTCECDNGVTGP\CFQ ■ 2CTCECDNGFGCEGTQ[XCTKNNCU
ECDNGUFGEQDTG[CNWOKPKQ
■ #FGEWCFQRCTCEQTVCTECDNGUFG

CNCODTGFGNÉPGCUCÅTGCUEQP
FGUECTICFGVTCEEKÏP
■ (KNQUFGEQTVGGP½PIWNQSWG

RGTOKVGPGNEQTVGFGWPÖPKEQ
CNCODTG
■ 6TCPUOKUKÏPÏRVKOCRCTCWPCNVQ

TGPFKOKGPVQFGEQTVG
 ■
%CDG\CFGEQTVGCVQTPKNNCFC
   KPVGTECODKCDNG
■ 2GUQTGFWEKFQ


%CDG\CFGEWEJKNNCCEGTQ
GURGEKCNRCTCJGTTCOKGPVCU
FGECNKFCFGURGEKCNVGORNCFQ
CNCEGKVG
■ /CPIQUCNWOKPKQFGCNVC

TGUKUVGPEKC
 
    %QPECDG\CFGEQTVGTGHQT\CFCRCTC
WPCOC[QTECRCEKFCFFGEQTVGVCODKÅP
EQTVCEWGTFCFGRKCPQ

%CRCEKFCFFGEQTVG
0ÖOFG '#0
CTVÉEWNQ  OO %CDG\C /CPIQU OOŽ ´OO ´OO ´OO #9) I
     RWNKFC EQPHWPFCUFGRN½UVKEQ      
      RWNKFC EQPHWPFCUFGRN½UVKEQ     
CKUNCFCURQTKPOGTUKÏP 
      RWNKFC     
GPRN½UVKEQTGHQT\CFQ
      RWNKFC EQPHWPFCUFGRN½UVKEQ      
           
  %CDG\CFGEQTVGFGTGECODKQRCTC
  %CDG\CFGEQTVGFGTGECODKQRCTC
  %CDG\CFGEQTVGFGTGECODKQRCTC


'N UCNXCOGPVQ GP NCU OQPVCÍCU GU WP
FGUCHÉQRCTCGNJQODTG[RCTCNCVÅEPKEC

5#.8#/'061 'PEWCNSWKGTEQPFKEKÏPENKO½VKEC[LWPVQC
NC OQPVCÍC GN RKNQVQ FGDG OCPVGPGT UW
JGNKEÏRVGTQ GP RQUKEKÏP GUVDCNG EQP RTG
EKUKÏP 5QNCOGPVG CUÉ RQFT½ CEGTECT CN

#..©/+6'
RGTUQPCN FG TGUECVG [ TGUECVCT C NQU
JGTKFQU7PQUUKUVGOCUFGCEEKQPCOKGPVQ
[ EQPVTQN OW[ EQORNGLQU RGTOKVGP GUVCU
OCPKQDTCU CTTKGUICFCU GP GN CKTG RQT
OGFKQ FG WPC VTCPUOKUKÏP FG UGÍCNGU
GZVTGOCFCOGPVG RTGEKUC [ ƂCDNG %QP
NQU CNKECVGU RCTC GPVCNNCT -0+2': UG
GUVCDNGEGPGUVCU[QVTCUOWEJCUEQPGZKQ
PGUFGGPVCNNCLGGPFKHGTGPVGUECORQUFG
CRNKECEKÏPFGOQFQUGIWTQ[ƂCDNG


#NKECVGUETKOR
5WTVKFQUFGGPVCNNCLG

#NKECVGUETKORRCTCGPVCNNCTVGTOKPCNGU                      
#NKECVGURCTCGPVCNNCTVGTOKPCNGU                          

*GTTCOKGPVCFGRTGUKÏP                                

/WNVK%TKORŠ                                        

#NKECVGUFGGPVCNNCLGFGUKUVGOC                           
G%TKOR                                          

/QTFC\CUKPVGTECODKCDNGU                               
#[WFCUFGRQUKEKQPCOKGPVQ                              

/CNGVCFGJGTTCOKGPVCURCTCCRNKECEKQPGUHQVQXQNVCKECU           
/CNGVCFGJGTTCOKGPVCURCTCCRNKECEKQPGU
HQVQXQNVCKECU/%
/WNVK%QPVCEV                         
*GTTCOKGPVCFGOQPVCLGRCTCEQPGEVQTGU/%                 
,WGIQFGJGTTCOKGPVCUFGOQPVCLG
RCTCEQPGEVQTGUUQNCTGU/%
/WNVK%QPVCEV                  
*GTTCOKGPVCFGRTGUKÏP                                

#NKECVGFGRTGUKÏPRCTCEQPGEVQTGU5EQVEJNQMEQPƂNQUFGEQTVG     
#NKECVGRCTCGPVCNNCTVGTOKPCNGU9GUVGTP                    
#NKECVGURCTCGPVCNNCTVGTOKPCNGUOQFGNQEQTVQ                 
#NKECVGURCTCGPVCNNCTVGTOKPCNGUVCODKÅP
RCTCVTCDCLCTEQPNCUFQUOCPQU                             

2TGEK(QTEGŠ                                         

#NKECVGURCTCGPVCNNCTVGTOKPCNGUIKTCFQU                     

#NKECVGUCWVQCLWUVCDNGURCTCGPVCNNCTRWPVGTCUFGCEEGUQNCVGTCN     
#NKECVGUCWVQCLWUVCDNGURCTCGPVCNNCTRWPVGTCUFGCEEGUQHTQPVCN     

#NKECVGRCTCGPVCNNCTOKPKEQPGEVQTGU                       
#NKECVGURCTCGPVCNNCTRWPVGTCU                            
#NKECVGRCTCGPVCNNCTRWPVGTCUFGCEEGUQHTQPVCN                

5WTVKFQUFGGPVCNNCLGRCTCRWPVGTCU                        
5WTVKFQUFGGPVCNNCLGRCTCVGTOKPCNGU                       
.QU RTGPUCFQU FG EWCVTQ OCPFTKNGU UG GORNGCP
RCTCEQPGZKQPGUGURGEKCNOGPVGUGIWTCU.QUCNKECVGU 6GTOKPCNGU                                         
RCTCGPVCNNCT-0+2':RGTOKVGPTGCNK\CTNCUFGOCPG
TCƂCDNG


#.+%#6'5%4+/2

 #NKECVGETKORRCTCGPVCNNCTVGTOKPCNGU ■


2CTCEQPGZKQPGUGNÅEVTKECUEQTTGEVCUUKPUQNFCFWTCU
2CNCPECFGNKDGTCEKÏPOW[T½RKFC
■ 5GTGSWKGTGWPOGPQTGUHWGT\QFGDKFQCUWÏRVKOCOWNVKRNKECEKÏP

■ .CRTGUKÏPFGGPVCNNCFQCNRCUCTWPRWPVQOWGTVQICTCPVK\CWP

GPVCNNCFQHKCDNG[EQPCNVCUHWGT\CUFGGZVTCEEKÏP

2TGUKÏPFGGPVCNNCLGCLWUVCDNG
■ #EGTQGURGEKCNFGCNVCTGUKUVGPEKC

#
 



0ÖOFG '#0 %CRCEKFCF


CTVÉEWNQ  OO #NKECVG )COCFGCRNKECEKÏP OOŽ #9) I
#    DTWÍKFQ 6GTOKPCNGUCKUNCFQUCPWNCTGURCTCVQTPKNNQ   
 


 #NKECVGURCTCGPVCNNCTVGTOKPCNGU ■ 2CTCEQTVCT[RGNCTECDNGUGPVCNNCTVGTOKPCNGUCPWNCTGUCKUNCFQU
[UKPCKUNCOKGPVQCUKEQOQVGTOKPCNGUJGODTCFGGPEJWHG

%QPRGTHQTCEKQPGURCTCEQTVCTRCUCFQTGUTQUECFQUFGEQDTG[
NCVÏP
////[/
■ #TVKEWNCEKÏPCVQTPKNNCFCRCTCWPCGNGXCFCGUVCDKNKFCF[WP

OQXKOKGPVQWPKHQTOG
■ #EGTQGURGEKCNFGCNVCTGUKUVGPEKC







 

 

0ÖOFG '#0 %CRCEKFCF


CTVÉEWNQ  OO #NKECVG /CPIQU )COCFGCRNKECEKÏP OOŽ #9) I
EQPHWPFCUGPFQU
   DTWÍKFQ 6GTOKPCNGUCKUNCFQUCPWNCTGURCTCVQTPKNNQ   
 EQORQPGPVGU

EQPHWPFCUGPFQU 6GTOKPCNGUJGODTCFGGPEJWHGUKP
$    DTWÍKFQ EQORQPGPVGU   
CKUNCOKGPVQ
CPEJWTCFGVGTOKPCNOO 

EQPHWPFCUGPFQU
%   DTWÍKFQ 6GTOKPCNGUUKPCKUNCOKGPVQ   
 EQORQPGPVGU

6GTOKPCNGUCKUNCFQUCPWNCTGURCTCVQTPKNNQ  


  PGITQ EQPHWPFCUGPFQU
   
NCECFQ EQORQPGPVGU 6GTOKPCNGUJGODTCFGGPEJWHGUKP
  
CKUNCOKGPVQ
CPEJWTCFGVGTOKPCNOO


#.+%#6'5%4+/2

 #NKECVGRCTCGPVCNNCTVGTOKPCNGU ■
2CTCEQTVCT[RGNCTECDNGUGPVCNNCTVGTOKPCNGUCKUNCFQU
[UKPCKUNCOKGPVQ
■ %QPRGTHQTCEKQPGURCTCEQTVCTRCUCFQTGUTQUECFQUFGEQDTG

[NCVÏP
////[/

#EGTQGURGEKCNFGCNVCTGUKUVGPEKC


  

 

0ÖOFG '#0 %CRCEKFCF


CTVÉEWNQ  OO #NKECVG /CPIQU )COCFGCRNKECEKÏP OOŽ #9) I
6GTOKPCNGUCKUNCFQUCPWNCTGU
 
RCTCVQTPKNNQ
     DTWÍKFQ EQPHWPFCUFGRN½UVKEQ 
6GTOKPCNGUUKPCKUNCOKGPVQ  


 *GTTCOKGPVCFGRTGUKÏP ■


*GTTCOKGPVCFGRTGUKÏPRCTCEQPGEVQTGUDNQSWGU[RCPGNGU
2TGUKQPC[EQTVCGPWPCUQNCQRGTCEKÏP
RCTC.5#2NWU[EQPUVTWKFQUKFGPVKECOGPVG ■
2CTCECDNGU762[562GPVTGOOFGFK½OGVTQ
■ %QPICPEJQTGVT½EVKN[EWEJKNNCNKDGTCFQTCKPVGITCFQUGPNQUNCVGTCNGU


%CTECUCRN½UVKEQTGUKUVGPVGCNQUIQNRGU



%QTVC[RTGUKQPCGPWPCUQNCQRGTCEKÏP %QPICPEJQVTCEVQTKPVGITCFQ

0ÖOFG '#0 %CRCEKFCF


CTVÉEWNQ  OO %CDG\C )COCFGCRNKECEKÏP ´OO I
   DTWÍKFQ ECDNGU762[562.5#2NWU[EQPUVTWKFQUKFGPVKECOGPVG  


#.+%#6'5%4+/2

 -0+2':/WNVK%TKORŠ
.QUCNKECVGURCTCGPVCNNCTVGTOKPCNGUEQPCJQTTQFG
#NKECVGUFGGPVCNNCLGEQPECTICFQTFGOQTFC\CU GURCEKQEQUVGU[RGUQRCTCVTCDCLQUFGKPUVCNCEKÏP[
TGRCTCEKÏP#JQTCGNKPUVCNCFQTUQNCOGPVGPGEGUKVC
WPCJGTTCOKGPVCGPNWICTFGNCUEKPEQFGCPVGU


5ÏNQWPCJGTTCOKGPVCRCTCNCUCRNKECEKQPGUFGGPVCNNCFQO½UJCDKVWCNGU
■ %CODKQT½RKFQ[UGPEKNNQFGNCUOQTFC\CUFGGPVCNNCTUKPJGTTCOKGPVC
CFKEKQPCN

%QPUGTXCEKÏPUGIWTC[RTQVGIKFCFGNCUOQTFC\CUKPVGTECODKCDNGU
GPWPCNOCEÅPEKTEWNCT

#NKECVGURCTCGPVCNNCTEQPHQTVCDNGU[RQVGPVGUEQPECNKFCFRTQHGUKQPCN

4GUWNVCFQUFGGPVCNNCFQEQOQEQPOQTFC\CUFGGPVCNNCTHKLCOGPVG
OQPVCFCU
 ■ ¯RVKOQUTGUWNVCFQUITCEKCUCNCRTGEKUKÏPFGUWUOQTFC\CU[CUW

    UKUVGOCFGDNQSWGQEQPOGECPKUOQFGNKDGTCEKÏPCWVQO½VKECCN


EQORNGVCTGNRTQEGUQFGGPVCNNCLG
■ #EGTQGNÅEVTKEQCNETQOQXCPCFKQFGECNKFCFGURGEKCNVGORNCFQCNCEGKVG

    ■
'UVWEJGTGFQPFQRN½UVKEQTGHQT\CFQEQPHKDTCUFGXKFTKQ

#NKECVGFGGPVCNNCLGEQPRQTVCOQTFC\CUTGFQPFQ[OQTFC\CUKPVGTECODKCDNGU
RCTCVGTOKPCNGUJGODTCFGGPEJWHGUKPCKUNCOKGPVQ
 OOFGCPEJWTC 
FGOOŽVGTOKPCNGUCKUNCFQUCPWNCTGURCTCVQTPKNNQFGOOŽRWPVGTCU
FGOOŽ

#JQTCVCODKÅPRCTCRWPVGTCUCKUNCFCU[UKPCKUNCOKGPVQ
FGOOŽ
/QTFC\CWPKXGTUCNFGOCPFTKNRCTCEQPGEVQTGUPQCKUNCFQU

2QUKEKÏPFGECODKQFGURNGICTNCRCNCPECFGUGTXKEKQRCTCNCRQUKEKÏP
RCTCNGNCFGNCOQTFC\C



      

       %CODKQFGNCOQTFC\CFGGPVCNNCLGFGUDNQSWGCTNCRQUKEKÏPFGNCNOCEÅPGZVTCGTNC
OQTFC\CFGGPVCNNCLGFGNCNKECVG


#NKECVGFGGPVCNNCLGEQPRQTVCOQTFC\CUTGFQPFQ[EKPEQOQTFC\CUKPVGTECODKCDNGU
RCTCEQPGEVQTGUKPUGTVCDNGUCDKGTVQU[PQCKUNCFQU
CPEJWTCFGNEQPGEVQTFG 
OO FGCOOŽVGTOKPCNGUCKUNCFQU EQPGEVQTGUKPUGTVCDNGUFGC
OOŽRWPVGTCUFGCOOŽRWPVGTCUEQPWPFOOŽVGTOKPCNGU
UKPCKUNCT[EQPGEVQTGUCVQRGFGCOOŽ

4GEQIGTNCRCNCPECFGUGTXKEKQ[RTGUKQPCTNCVGPC\CNKUVCRCTCGNUKIWKGPVGWUQ


#.+%#6'5%4+/2

'NCNOCEÅPRCTCNCUOQTFC\CURCTCGPVCNNCT +FGPVKHKECEKÏPENCTCOGPVGXKUKDNGEQP
RWGFGNNGXCTUGGPGNEKPVWTÏP RKEVQITCOCUFGNCUOQTFC\CURCTCGPVCNNCT

0ÖOFG '#0 %CRCEKFCF


CTVÉEWNQ  OO )COCFGCRNKECEKÏP OOŽ #9) I
 6GTOKPCNGUJGODTCFGGPEJWHGUKPCKUNCOKGPVQ 
     

CPEJWTCFGVGTOKPCN OO 
    
 6GTOKPCNGUCKUNCFQUEQPGEVQTGUKPUGTVCDNGU 
 
EQPGEVQTGUFGVQRG 


 2WPVGTCU  



6GTOKPCNGUJGODTCFGGPEJWHGUKPCKUNCOKGPVQ
     

CPEJWTCFGVGTOKPCN OO


6GTOKPCNGUCKUNCFQUEQPGEVQTGUKPUGTVCDNGU  
  
EQPGEVQTGUFGVQRG 
 


 2WPVGTCU  



2WPVGTCU  

2CTCVGTOKPCNGUPQCKUNCFQUCRNCUVCFQURCTCVWDQU[RTGPUC  
FQUUGIÖP&+0[&+0CUÉEQOQEQPGEVQTGUPQ 

CKUNCFQUCRNCUVCFQUFGVQRG[RTGPUCFQUUGIÖP&+0[ 
&+0 

  /QTFC\CKPVGTECODKCDNGRCTCVGTOKPCNGUJGODTCFGGPEJWHGUKPCKUNCOKGPVQ OO


  /QTFC\CKPVGTECODKCDNGRCTCVGTOKPCNGUCKUNCFQUCPWNCTGURCTCVQTPKNNQU
  /QTFC\CKPVGTECODKCDNGRCTCRWPVGTCU
  /QTFC\CKPVGTECODKCDNGRCTCRWPVGTCUCKUNCFCU[UKPCKUNCOKGPVQ
  /QTFC\CKPVGTECODKCDNGRCTCVGTOKPCNGUPQCKUNCFQUFGEQORTGUKÏPFGVWDQ[ETKOREQPHQTOGC&+0[&+0
#  CUÉEQOQEQPGEVQTGUPQCKUNCFQUFGEQORTGUKÏPFGVQRG[ETKOREQPHQTOGC&+0[&+0

  /QTFC\CKPVGTECODKCDNGRCTCEQPGEVQTGUFGRTGUKÏPEQPHQTOCCPQTOC&+0


  %CTICFQTFGOQTFC\CUXCEÉQ


#.+%#6'5%4+/2

 #NKECVGUFGGPVCNNCLGFGUKUVGOC
%QPNCRQUKDKNKFCFFGRTGPUCTECUKVQFCUNCUEQPGZKQPGU
FGOQTFC\CUKPVGTECODKCDNGU FGVGTOKPCNGUGPWPCJGTTCOKGPVCEQPNCVGEPQNQIÉCO½U
OQFGTPCFGCNKECVGURCTCGPVCNNCT5QNWEKQPCECUKVQFCUHWPEK
QPGUFGNCVÅEPKECOÏXKN[HKLCFGGPVCNNCLG[GUWPCGZEGNGPVG
JGTTCOKGPVCRTQHGUKQPCNRCTCVQFQUNQUGPVCNNCLGUGUV½PFCT


5ÏNQWPCJGTTCOKGPVCRCTCECUKCRNKECEKQPGUFGGPVCNNCLG

2TQEGUQFGGPVCNNCLGEQPCXCPEGECUKRCTCNGNQ

¯RVKOQUTGUWNVCFQUITCEKCUCNCRTGEKUKÏPFGUWUOQTFC\CU[CUW
UKUVGOCFGDNQSWGQEQPOGECPKUOQFGNKDGTCEKÏPCWVQO½VKECCN
EQORNGVCTGNRTQEGUQFGGPVCNNCLG

.CRTGUKÏPFGNGPVCNNCFQGUCLWUVCFCEQPRTGEKUKÏP
ECNKDTCFC GP
H½DTKECTGCLWUVCDNG
■ 6TCPUOKUKÏPÏRVKOCFGHWGT\CFGDKFQCNCCEEKÏPFGRCNCPEC

TGFWEGNCHCVKIC
■ /CPIQUFGFKUGÍQGTIQPÏOKEQ

■ 2QUKDKNKFCFFGKPUVCNCTWPCC[WFCFGRQUKEKQPCOKGPVQRCTCWPC

OGLQTUWLGEKÏPFGNVGTOKPCNGPGNRTQEGUQFGGPVCNNCFQ
 ■
/QTFC\CURCTCGPVCNNCTRCTCCRNKECEKQPGUPQKPENWKFCUGPGN
 UWTVKFQQHGTVCFQDCLQRGVKEKÏP

#EGTQGNÅEVTKEQCNETQOQXCPCFKQFGECNKFCFGURGEKCN
VGORNCFQCNCEGKVG


%QPOQTFC\CRCTCGPVCNNCTOQPVCFCRCTCEQPGEVQTGUGPEJWHCDNGUUKPCKUNCT[
CDKGTVQU
CPEJWTCFGNEQPGEVQTFG[OO


%QPOQTFC\CRCTCVGTOKPCNGUCKUNCFQUCPWNCTGURCTCVQTPKNNQ


'PWPOCNGVÉPFGRN½UVKEQTGXGUVKOKGPVQFGGURWOCEQPTCPWTCURCTCIWCTFCT
# NCUOQTFC\CUKPVGTECODKCDNGU[C[WFCUFGRQUKEKQPCOKGPVQEQPJGTTCOKGPVCFG
OQPVCLG
NNCXG#NNGP VQTPKNNQU[VWGTECUUKPOQTFC\C

#
#NKECVGUKPOQTFC\CRCTCGPVCNNCTUKPOCNGVÉP

#NKECVGEQPOQTFC\C #NKECVGEQPOQTFC\C #NKECVGEQPOQTFC\C[


RCTCVGTOKPCNGUCKUNCFQUCPWNCTGURCTC RCTCRWPVGTCU C[WFCFGRQUKEKQPCOKGPVQRCTC
VQTPKNNQ[VGTOKPCNGUFGGPEJWHGTGFQPFQU GPEJWHGU&5WD

0ÖOFG '#0 %CRCEKFCF


CTVÉEWNQ  OO #NKECVG /CPIQU )COCFGCRNKECEKÏP OOŽ #9) I
EQPHWPFCUGP
   DTWÍKFQ XGTVCDNCFGOQTFC\CU 
FQUEQORQPGPVGU
EQPHWPFCUGP  
#    DTWÍKFQ XGTVCDNCFGOQTFC\CU 
FQUEQORQPGPVGU
CNKECVGUFGGPVCNNCLGFGUKUVGOCRCTCVGTOKPCNGU
EQPHWPFCUGP
    DTWÍKFQ JGODTCFGGPEJWHGUKPCKUNCOKGPVQ
CPEJWTCFGN   
FQUEQORQPGPVGU
EQPGEVQTFG OO

 EQPHWPFCUGP #NKECVGRCTCUKUVGOCETKORRCTCVGTOKPCNGUCKUNCFQU
     DTWÍKFQ FQUEQORQPGPVGU CPWNCTGURCTCVQTPKNNQ   


#.+%#6'5%4+/2

 -0+2':G%TKOR
#PKXGNOWPFKCNNQUG%TKORFG-0+2':UQPNQURTKOGTQU
#NKECVGFGGPVCNNCLGFGUKUVGOCGNGEVTQOGE½PKEQ CNKECVGURCTCGPVCNNCTCEEKQPCFQUGNGEVTQOGE½PKECOGP
FGOQTFC\CUKPVGTECODKCDNGU VG5W½ODKVQFGCRNKECEKÏPWPKXGTUCNNGUEQPXKGTVGGPWPC
JGTTCOKGPVCKORTGUEKPFKDNGGPVCNNGTGU[VTCDCLQUFGGZVGTKQT
2QUKDKNKFCFFGWUQFGO½UFGOQTFC\CUFGGPVCNNCLG
-0+2':[C[WFCUFGRQUKEKQPCOKGPVQCUÉEQOQFGO½UFG
OQTFC\CUFGGPVCNNCTGURGEKCNGUFGNQURTQDCFQU
CNKECVGUFGGPVCNNCLGFGUKUVGOC
 

■ 2QVGPVGCEEKQPCOKGPVQGNGEVTQOGE½PKEQUKPEQORQPGPVGU
JKFT½WNKEQUUKPHWICU

(WGT\CO½ZFGCRTKGVGFGNCUOQTFC\CUFGCRTQZM0
■ #NVWTCFGVTCDCLQGTIQPÏOKECOGPVGQRVKOK\CFC[EÏOQFCFWTCPVG

GNVTCDCLQGPGNVCNNGT
■ .W\FGVTCDCLQEQP.'&RCTCKNWOKPCTGNRWPVQFGGPVCNNCLGEQPETGVQ

' ■ $CLQPKXGNFGTWKFQU


}.CTIQUKPVGTXCNQUGPVTGOCPVGPKOKGPVQU
JCUVCRTQEGUQU
FGGPVCNNCLG 'NOCPVGPKOKGPVQFGNQUG%TKORFG-0+2':PQGUV½
RTGXKUVQJCUVCFGURWÅUFGRTQEGUQUFGGPVCNNCLG'UFGEKTNQU
KPVGTXCNQUFGOCPVGPKOKGPVQFGNQUCNKECVGURCTCGPVCNNCTGNGEVTQOG
E½PKEQUVKGPGPWPCRTQRQTEKÏPFGGPEQORCTCEKÏPEQPNQU
' CNKECVGURCTCGPVCNNCTFGCEEKQPCOKGPVQEQPXGPEKQPCN%QPUGEWGP
EQPGPEJWHGGWTQ VGOGPVGNQUCNKECVGUGUV½PENCTCOGPVGO½UVKGORQFKURQPKDNGURCTC
'#75 GPVCNNCT5GGXKVCGNGPXÉQHTGEWGPVGRCTCUWOCPVGPKOKGPVQ5WRQPGP
EQPCFCRVCFQTRCTCGPEJWHG#505< WPCCNVCFKURQPKDKNKFCFUKPRGTÉQFQUFGKPCEVKXKFCFRQTOCPVGPKOKGPVQ

#75 0< ■
2QVGPVGDCVGTÉCFGKQPGUFGNKVKQ
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0ÖOFG '#0 'PEJWHGU %CDNG


CTVÉEWNQ  ´OO OOŽ #9) %QNQT
   6GTOKPCNGUFGENCXKLC    TQLQ 
  TGFQPFCCKUNCFQU    C\WN 

0ÖOFG '#0 6QTPKNNQU %CDNG


CTVÉEWNQ  ´OO OOŽ #9) %QNQT
     TQLQ 
      TQLQ 
     TQLQ 
     C\WN 
  6GTOKPCNGUCPW    C\WN 
  NCTGURCTCVQTPKNNQ    C\WN 
  CKUNCFQU    C\WN 
     COCTKNNQ 
     COCTKNNQ 
     COCTKNNQ 
     COCTKNNQ 

0ÖOFG '#0 6QTPKNNQU %CDNG


CTVÉEWNQ  ´OO OOŽ #9)
     
     
      
     
     
6GTOKPCNGUPQ
     
CKUNCFQU
     
     
     
     
     


5746+&15&''06#..#,'

0ÖOFG '#0 %CDNG


CTVÉEWNQ  OOŽ #9) %QNQT
   6GTOKPCNGUFG   TQLQ 
  GPEJWHGTGFQPFQU   C\WN 
  VGTOQTGVT½EVKNGU   COCTKNNQ 

0ÖOFG '#0 %CDNG


CTVÉEWNQ  OOŽ #9) %QNQT
    TQLQ 
6GTOKPCNGUFG
    C\WN 
 GPEJWHGCKUNCFQU
    COCTKNNQ 

0ÖOFG '#0 %CDNG


CTVÉEWNQ  OOŽ #9) OO
     
 6GTOKPCNGUFG
     
GPEJWHGTGFQPFQU
     
UKPCKUNCOKGPVQ
     

0ÖOFG '#0 %CDNG


CTVÉEWNQ  OO OOŽ #9) %QNQT
     DNCPEQ 
      ITKU 
     TQLQ 
     PGITQ 
     C\WN 
2WPVGTCUCKUNCFCU
     ITKU 
     COCTKNNQ 
     TQLQ 
      C\WN 
     COCTKNNQ 
     DNCPEQ 
     ITKU 
     TQLQ 
     PGITQ 
     C\WN 
2WPVGTCUCKUNCFCU
     ITKU 
     COCTKNNQ 
     TQLQ 
     C\WN 
     COCTKNNQ 

0ÖOFG '#0 %CDNG


CTVÉEWNQ  OO OOŽ #9) %QNQT
   Z Z DNCPEQ 
   Z Z ITKU 
    Z Z TQLQ 
   Z Z PGITQ 
2WPVGTCU6YKP
   Z Z C\WN 
CKUNCFCU
   Z Z ITKU 
   Z Z COCTKNNQ 
   Z Z TQLQ 
   Z Z C\WN 

0ÖOFG '#0 %CDNG


CTVÉEWNQ  OO OOŽ #9)
     
     
      
     
     
2WPVGTCUUKPCKUNCT
     
     
     
     
     


5')74+&#&  
 $#,1
4GCNK\CTVTCDCLQUDCLQVGPUKÏPGUCTTKGUICFQ
'P GUVQ ECUQU NC JGTTCOKGPVC GU FGVGT
OKPCPVGRCTCNCUGIWTKFCF.QURTQHGUKQPCNGU
NG EQPHÉCP UW UGIWTKFCF [ EQP GNNC PQ UG

6'05+¯0 CFOKVGP EQPEGUKQPGU 'P GN ECUQ FG NCU


JGTTCOKGPVCU8&' FG -0+2': NQU GZJCWU
VKXQU EQPVTQNGU FG UGIWTKFCF UG EQODKPCP
EQPFÅECFCUFGGZRGTKGPEKCGPJGTTCOKGPVCU
[ EGPVTCFCU GP NC ECNKFCF s RQTSWG PQU
VQOCOQU GP UGTKQ NC EQPƂCP\C FG NQU
WUWCTKQU


*GTTCOKGPVCUCKUNCFCU

#NKECVGU

2KP\CUFGRTGEKUKÏP 

%QTVCECDNGU 
%QTVCECDNGUVKRQECTTCEC
#NKECVGRCTCGPVCNNCTRWPVGTCU
.NCXGU 
&GUVQTPKNNCFQTGU 

%WEJKNNQUTGEVQURCTCECDNG

#NKECVGUFGRN½UVKEQ
)TCRCFGOCVGTKCNRN½UVKEQ
$QSWKNNCUGPEJWHCDNGU 
$QSWKNNCUFGCWVQƂLCEKÏP 
)WCPVGUFGGNGEVTKEKUVC
/CPVCUCKUNCPVGU
5KGTTC27-Š 

5WTVKFQUFGJGTTCOKGPVC

#NKECVGU FKCIQPCNGU8&' FG -0+2':


.C JGTTCOKGPVC KORTGUEKPFKDNG RCTC
GN WUQ XGTU½VKN GP NCU KPUVCNCEKQPGU
GNÅEVTKECU


%QPVTQNFGNCECRCEKFCFFGCFJGTGPEKC
FGNTGXGUVKOKGPVQCKUNCPVGEQP0

%QPVTQNFGNCUECTCEVGTÉUVKECU
CKUNCPVGUGNÅEVTKECU

*'44#/+'06#5
#+5.#&#570#%7'56+¯0
    &'%10(+#0<#
.QURTQHGUKQPCNGUEQPHÉCPGPUWJGTTCOKGPVC#NVTCDCLCTGPKPUVCNCEKQPGU
GNÅEVTKECUGUVCEQPƂCP\CGUXKVCN'PGUVQUVTCDCLQUNCKPVGITKFCFHÉUKECFGNQU
VÅEPKEQUFGRGPFGFGNQUCNKECVGUSWGVKGPGPGPUWUOCPQU2QTGNNQPWGUVTCU
JGTTCOKGPVCUCKUNCFCUPQUQNCOGPVGEWORNGPVQFQUNQUTGSWKUKVQUNGICNGU
1HTGEGPCFGO½UNCO½ZKOCUGIWTKFCFƂCDKNKFCF[TGPFKOKGPVQRQUKDNGUFQPFG
NCUPQTOCU[CPQFGVGTOKPCPPCFCGUFGEKTFGDCLQFGNCKUNCOKGPVQ


2TWGDCFGVGPUKÏPFGECFC %QPVTQNFGRTGUKÏPCŒ%
CNKECVGUEQP8%#

%QPVTQNFGNKORCEVQFGHTÉQC–%

4GIWNCFQRQTGUV½PFCTGU )CTCPVÉCFGNEQPVTQNKPFKXKFWCN 4GUKUVGPVGUDCLQGNCKUNCOKGPVQ


5QNCOGPVGGNVÅEPKEQHQTOCFQGUV½CWVQTK\CFQ %CFCJGTTCOKGPVCCKUNCFCUGUQOGVGKPFKXKFW 'NCKUNCOKGPVQQHTGEGUGIWTKFCFCNVTCDCLCTGP
RCTCVTCDCLCTGPKPUVCNCEKQPGUDCLQVGPUKÏP#N CNOGPVG C WPC RTWGDC FG TGUKUVGPEKC EQP KPUVCNCEKQPGU GNÅEVTKECU 2GTQ GN CKUNCOKGPVQ
OKUOQVKGORQUGCRNKECPGUVTKEVCUPQTOCURCTC  8 FG EQTTKGPVG CNVGTPC CPVGU FG UGT PQEQTVCPKCICTTCPKGPVCNNC2QTGNNQNCECNK
NCUGIWTKFCFNCDQTCNEQOQNCPQTOCCNGOCPC EQOGTEKCNK\CFC'UVQUKIPKƂECSWGNQUVTCDCLQU FCFVQVCNFGNCUJGTTCOKGPVCUCKUNCFCUKPENW[G
&+0 8&'  Q NC PQTOC KPVGTPCEKQPCN '0 GP WP TCPIQ FG JCUVC 8 FG EQTTKGPVG VCODKÅP NCU ECTCEVGTÉUVKECU OGE½PKECU FG NC
G+'%'PVQFQUNQUECUQUFGDGT½ CNVGTPC VKGPGP WP EQNEJÏP FG UGIWTKFCF FG JGTTCOKGPVC DCUG EQOQ RQVGPEKC FG EQTVG
WVKNK\CT JGTTCOKGPVCU GURGEKCNGU HCDTKECFCU [ FKG\ XGEGU GN NÉOKVG O½ZKOQ CWVQTK\CFQ 'P RTGEKUKÏP [ GUVCDKNKFCF 'P PWGUVTQU CNKECVGU
JQOQNQICFCUGURGEKCNOGPVGRCTCGUVQUVTCDC QVTQURTQEGFKOKGPVQUUGEQPVTQNCNCƂCDKNKFCF CKUNCFQUNQUWUWCTKQURWGFGPEQPƂCTGPNCEC
LQU.C&+0'0+'%FGVGTOKPCNQUTGSWK FGNCKUNCOKGPVQHTGPVGCECNQTHTÉQHWGT\CFG NKFCF[TGUKUVGPEKCFGNQURTQFWEVQUHCDTKECFQU
UKVQUSWGFGDGPEWORNKTNCUJGTTCOKGPVCURCTC VTCEEKÏPGKORCEVQ'NEWORNKOKGPVQFGVQFQU RQT -0+2': 'P GN ECUQ FG NCU JGTTCOKGPVCU
NQU VTCDCLQU DCLQ VGPUKÏP .CU JGTTCOKGPVCU NQU ETKVGTKQU FG NC8&' NQ ICTCPVK\CP CRCTVG RCTCCVQTPKNNCTCKUNCFCUPQUQVTQUGORNGCOQU
-0+2':EQPGNUÉODQNQGURGEKCNGUV½PJQOQNQ FGNGSWKRQFGEQPVTQNFGECNKFCFFG-0+2': JGTTCOKGPVCU D½UKECU FG RTQXGGFQTGU GURG
ICFCURCTCVTCDCLQUFGJCUVC FG KPUVKVWVQU[EGPVTQUFGGPUC[QUGZVGTPQUEQOQ EKCNK\CFQUEW[CECNKFCFEQPVTQNCOQURGTKÏFKEC
EQTTKGPVGCNVGTPC RGLNCCUQEKCEKÏPFGGNGEVTQVÅEPKEQUCNGOC [GUVTKEVCOGPVG'NGURGEKCNKUVCRQFT½EQPƂCT
PGU 8&' #UWOKOQU GUVG GUHWGT\Q RCTC NQU GPGUVCFQDNGƂCDKNKFCFFGJGTTCOKGPVC[CKU
WUWCTKQU 2QTSWG GNNQU EQPHÉCP UW UGIWTKFCF NCOKGPVQ
FÉC VTCU FÉC GP PWGUVTQU CNKECVGU 2QT GNNQ
SWGTGOQUQHTGEGTNGUUKGORTGNCO½ZKOCUGIW
TKFCFRQUKDNG)CTCPVK\COQUGUVCTGURQPUCDKNK
FCFEQPPWGUVTQPQODTGGPGNCKUNCOKGPVQFG
NCUJGTTCOKGPVCU-0+2':


*'44#/+'06#5#+5.#&#5

6GPICGPEWGPVCUKGORTGNCUFKURQUKEKQPGUX½NKFCU[UKICNCU
+05647%%+10'5&'5')74+&#&SWGƂIWTCPCDCLQ

6TCPURQTVGUWJGTTCOKGPVCCKUNCFCFGOQFQFGSWGUGGXKVGPFCÍQU ■
/CPVGPICNCNKORKG\C[GNQTFGPUQDTGVQFQGPGNNWICTFQPFGVGPIC
GPGNCKUNCOKGPVQ SWGVTCDCLCTDCLQVGPUKÏP

%QORTWGDGCPVGUFGECFCWUQUKGNCKUNCOKGPVQGUV½KPVCEVQ ■
7VKNKEGTQRC[GSWKRCOKGPVQFGRTQVGEEKÏP
RGLIWCPVGUFG
.CUJGTTCOKGPVCUFGHGEVWQUCUUGVKGPGPSWGGNKOKPCT GNGEVTKEKUVCOCPVCUCKUNCPVGUHWPFCURTQVGEVQTCU sUQDTGVQFQ
■ /CPVGPICNKORKC[UGECUWJGTTCOKGPVCCKUNCFC GP\QPCUFGVTCDCLQGUVTGEJCU
■ #NVTCDCLCTEQPCNKECVGUFGEQTVGQCNTGCNK\CTVTCDCLQURQTGPEKOCFG ■ 7VKNKEGUÏNQJGTTCOKGPVCUEQPNCUFKOGPUKQPGUCRTQRKCFCU&GGUVG

NCECDG\CFGDGTÉCNNGXCTICHCUFGRTQVGEEKÏP OQFQGXKVCT½GNFGUNK\COKGPVQGPNCRKG\C[GNEQPVCEVQPQFGUGCFQ

'PECUQFGVTCDCLQUDCLQVGPUKÏPNNGXGUKGORTGICHCURTQVGEVQTCUQ EQPRKG\CUPQCKUNCFCU
■ 2TQEWTGSWGNCURKG\CUUGRCTCFCU[NQUGZVTGOQUEQTVCFQUFGNQU
WPRTQVGEVQTRCTCNCECTC
EQPFWEVQTGUPQECKICPUQDTGRKG\CUDCLQVGPUKÏP


#NKECVGUWPKXGTUCNGUETQOQXCPCFKQ ■


2CTCVTCDCLQURGUCFQU
%QP\QPCUFGCICTTGRCTCOCVGTKCNGURNCPQU[TGFQPFQUOW[XGTU½VKN
&+0+51+'%&+0'0 ■
%QPHKNQURCTCEQTVCTCNCODTGDNCPFQ[FWTQCUÉEQOQEWGTFCFG
RKCPQ

%QPHKNQUFGEQTVGNCTIQURCTCEQTVCTECDNGUO½UITWGUQU

(KNQUFGEQTVGVGORNCFQUCFKEKQPCNOGPVGRQTKPFWEEKÏP
&WTG\CCRTQZFGNQUHKNQUFGEQTVG*4%

$QECUFGITCPTGUKUVGPEKCCNFGUICUVG
&WTG\CFGNCUDQECUCRTQZKOCFCOGPVG*4%
■ #EGTQCNETQOQXCPCFKQFGCNVQTGPFKOKGPVQHQTLCFQ

VGORNCFQCNCEGKVG

   

%CRCEKFCFFGEQTVG
0ÖOFG '#0
CTVÉEWNQ  OO #NKECVG /CPIQU ´OO ´OO ´OO OOŽ I
   CKUNCFQUEQPHWPFCUGPFQUEQORQPGPVGU     
   ETQOCFQ
   UGIÖPPQTOC8&'     


#NKECVGUWPKXGTUCNGU ■
7PFGCJQTTQFGHWGT\CGPEQORCTCEKÏPEQPCNKECVGU
WPKXGTUCNGUEQPXGPEKQPCNGU
RCTCVTCDCLQURGUCFQU ■
6TCDCLQO½UH½EKNFGDKFQCNCRCNCPECQRVKOK\CFC
■ %QPHKNQU
CRTQZ*4%FGFWTG\C RCTCCNCODTGDNCPFQ[FWTQ
&+0+51+'%&+0'0
CUÉEQOQCNCODTGFGEWGTFCFGRKCPQ

%QPHKNQUFGEQTVGNCTIQURCTCEQTVCTECDNGUO½UITWGUQU
■ %QP\QPCUFGCICTTGRCTCOCVGTKCNGURNCPQU[TGFQPFQUOW[XGTU½VKN


#EGTQGURGEKCNRCTCJGTTCOKGPVCUHQTLCFQ[VGORNCFQCNCEGKVG

 
       

%CRCEKFCFFGEQTVG
0ÖOFG '#0
CTVÉEWNQ  OO #NKECVG /CPIQU ´OO ´OO ´OO OOŽ I
       
CKUNCFQUEQPHWPFCUGPFQU
      ETQOCFQ     
EQORQPGPVGUUGIÖPPQTOC8&'
       
   CKUNCFQURQTKPOGTUKÏPGPRN½UVKEQ     
    ETQOCFQ
   TGHQT\CFQUGIÖPPQTOC8&'     


*'44#/+'06#5#+5.#&#5

#NKECVGUWPKXGTUCNGU ■


%QP\QPCUFGCICTTGRCTCOCVGTKCNGURNCPQU[TGFQPFQUOW[XGTU½VKN
2CTCEQTVCTCNCODTGDNCPFQ[FWTQ
&+0+51+'%&+0'0 ■ %QPHKNQUFGEQTVGNCTIQURCTCEQTVCTECDNGUO½UITWGUQU

■ (KNQUFGEQTVGVGORNCFQUCFKEKQPCNOGPVGRQTKPFWEEKÏP

&WTG\CCRTQZFGNQUHKNQU*4%

#EGTQGURGEKCNRCTCJGTTCOKGPVCUHQTLCFQVGORNCFQCNCEGKVG


   


   
%CRCEKFCFFGEQTVG
0ÖOFG '#0
CTVÉEWNQ  OO #NKECVG /CPIQU ´OO ´OO ´OO OOŽ I
       
CKUNCFQUEQPHWPFCUGPFQU
      ETQOCFQ     
EQORQPGPVGUUGIÖPPQTOC8&'
       
       
   CKUNCFQURQTKPOGTUKÏPGPRN½UVKEQ     
    ETQOCFQ
   TGHQT\CFQUGIÖPPQTOC8&'     
       


#NKECVGURGNCECDNGU ■
2CTCJKNQUEQPFWEVQTGUUKORNGUOÖNVKRNGU[HKPQUEQPRN½UVKEQQ
CKUNCPVGFGIQOCFGO½ZKOQOOFGFK½OGVTQQOOŽFG
+'%&+0'0 UGEEKÏPFGECDNG
■ (½EKNCLWUVGCNFK½OGVTQFGNECDNGOGFKCPVGVWGTECKPVGTKQT
GFKCPVGVWGTECKPVGTKQT

#EGTQGURGEKCNRCTCJGTTCOKGPVCUHQTLCFQVGORNCFQCNCEGKVG
QTLCFQVGORNCFQCNCEGKVG


  


  

0ÖOFG '#0 %CRCEKFCF %CRCEKFCF


CTVÉEWNQ  OO #NKECVG /CPIQU ´OO OOŽ #9) I

     ETQOCFQ CKUNCFQUEQPHWPFCUGPFQUEQORQPGPVGUUGIÖPPQTOC8&'    

      ETQOCFQ CKUNCFQURQTKPOGTUKÏPGPRN½UVKEQTGHQT\CFQUGIÖPPQTOC8&'    


    ETQOCFQ CKUNCFQURQTKPOGTUKÏPGPRN½UVKEQTGHQT\CFQUGIÖPPQTOC8&'    


*'44#/+'06#5#+5.#&#5

#NKECVGURCTCKPUVCNCEKQPGUGNÅEVTKECU #NKECVGOWNVKHWPEKQPCNRCTCKPUVCNCEKQPGUGNÅEVTKECU
RCTCUWLGVCTOCVGTKCNRNCPQ[TGFQPFQFQDNCTFGUDCTDCT
'NOWNVKHWPEKÏPRCTCRTQHGUKQPCNGU EQTVCTECDNGURGNCT[GPVCNNCTRWPVGTCU
+'%&+0'0 HWPEKQPGUGPWPCNKECVG

■ 5WRGTHKEKGFGCICTTGNKUCGPNCRWPVCRCTCCICTTCTUKPFCÍCTNQU
ECDNGUKPFKXKFWCNGU5WRGTHKEKGFGCICTTGFGPVCFC[OQTFC\CRCTC
CICTTCTOCVGTKCNRNCPQ[TGFQPFQ
■ %CPVQGZVGTKQTOCTECFQGPNCDQECRCTCOCPKRWNCTNCUECLCUFG

 NQUOGECPKUOQUGNÅEVTKEQU[FGUDCTDCTQTKHKEKQUFGRCUQ
■ 1TKHKEKQURCTCRGNCTECDNGUFGCOOŽ[OOŽ
       
■ *GPFKFWTCRCTCGPVCNNCTRWPVGTCUFGCOOŽ


%QTVCECDNGUEQPHKNQUFGRTGEKUKÏP
VGORNCFQURQTKPFWEEKÏP 
RCTCECDNGUFG%W[#NFGJCUVCZOOŽ´OO
■ /GECPKUOQFGEKGTTGKPVGNKIGPVGGPNQUOQFGNQUEQPOWGNNGFG

CRGTVWTCCWVQO½VKECRCTCVTCDCLCTUKPPGEGUKFCFFGCDTKTEQORNGVC
OGPVGNQUCNKECVGU'NHKNQRGTOCPGEGEGTTCFQ[RTQVGIKFQ
■ %CDG\CGUDGNVCRCTCHCEKNKVCTGNVTCDCLQGP\QPCUFGFKHÉEKNCEEGUQ


#TVKEWNCEKÏPCVQTPKNNCFCRTGEKUQUKPJQNIWTCUCNVTCDCLCTEQPGN
CNKECVG


        

'NUKUVGOCFGDNQSWGQCEVKXCFQ
OCPVKGPGNQUHKNQUFGEQTVGEGTTCFQU
OKGPVTCUSWGUGEQPUGTXCPNCUFGO½U
HWPEKQPGUGNOGECPKUOQFGEKGTTG
KPVGNKIGPVGRGTOKVGpCICTTCTqUKPCDTKT
NQUCNKECVGU'NHKNQRGTOCPGEGEGTTCFQ
[RTQVGIKFQ

%CRCEKFCFFGEQTVG
%CRCEKFCFFGRGNCFQ
0ÖOFG '#0 RCTCEQPFWEVQTGU %CRCEKFCF
CTVÉEWNQ  OO #NKECVG /CPIQU ´OO OOŽ OOŽ OOŽ I
   ETQOCFQ CKUNCFQUEQPHWPFCUGPFQUEQORQPGPVGUUGIÖPPQTOC8&'      
   ETQOCFQ CKUNCFQUEQPHWPFCUGPFQUEQORQPGPVGUUGIÖPPQTOC8&'      


#NKECVGEQPDQECURNCPCU ■


$QECURNCPCUEQTVCU
5WRGTHKEKGFGNCUDQECUTC[CFC
&+0+51+'%&+0'0 ■ #EGTQGNÅEVTKEQCNETQOQ

XCPCFKQHQTLCFQVGORNCFQ
CNCEGKVG


   

&KOGPUKQPGU
0ÖOFG '#0 . 9 6
CTVÉEWNQ  OO #NKECVG /CPIQU OO OO OO I
      ETQOCFQ CKUNCFQUEQPHWPFCUGPFQUEQORQPGPVGUUGIÖPPQTOC8&'    


*'44#/+'06#5#+5.#&#5

#NKECVGRGNCECDNGUFGEQTVGFKCIQPCN %QPHKNQUFGEQTVGCORNKCFQU

+'%&+0'0 /GLQTVTCPUOKUKÏPRCTCWPO½UFGECRCEKFCFFGEQTVG


#IWLGTQURTGEKUQURCTCRGNCTECDNGUFGEQPFWEVQTGU
WPKVCTKQUFG[OOŽ

%QTVGEÏOQFQFGECDNGU0;/FGJCUVCZOOŽ

2WPVCUNCTICURCTCVTCDCLQUFGEQTVGOW[HKPQUKPENWUQGP
½TGCUFGFKHÉEKNCEEGUQ

(KNQUFGEQTVGFGRTGEKUKÏPVGORNCFQURQTKPFWEEKÏP
FWTG\CCRTQZFGNQUHKNQUFGEQTVG*4%
■ #EGTQGNÅEVTKEQCNXCPCFKQHQTLCFQVGORNCFQCNCEGKVG

  

%CRCEKFCFFGEQTVG
0ÖOFG '#0 %CRCEKFCF
CTVÉEWNQ  OO #NKECVG /CPIQU OOŽ #9) ´OO ´OO I
CKUNCFQUEQPHWPFCUGPFQU
     ETQOCFQ       
EQORQPGPVGUUGIÖPPQTOC8&'


#NKECVGUEQPDQECUTGFQPFCU ■


2CTCHQTOCTCTQUFGCNCODTG
$QECUTGFQPFCUEQTVCUHKPCOGPVGCOQNCFCU
&+0+51+'%&+0'0 ■ 2WPVCUNKUCU

■ #EGTQGNÅEVTKEQCNETQOQXCPCFKQHQTLCFQVGORNCFQCNCEGKVG


   

&KOGPUKQPGU
0ÖOFG '#0 . 9 & 6
CTVÉEWNQ  OO #NKECVG /CPIQU OO OO OO OO I
      ETQOCFQ CKUNCFQUEQPHWPFCUGPFQUEQORQPGPVGUUGIÖPPQTOC8&'     


*'44#/+'06#5#+5.#&#5

#NKECVGUFGOQPVCLG ■


#FGEWCFQRCTCVTCDCLQUFGCICTTG[EQTVGFGRTGEKUKÏP
$QECUUGOKTGFQPFCUCRWPVCFCU
EQPHKNQUFGEQTVG ■ 5WRGTHKEKGFGNCUDQECUTC[CFC

■ %QPHKNQUFGEQTVGRCTCCNCODTGUGOKFWTQ[FWTQ

CNKECVGUFGTCFKQ

(KNQUFGEQTVGVGORNCFQUCFKEKQPCNOGPVGRQTKPFWEEKÏP
&+0+51+'%&+0'0 &WTG\CCRTQZFGNQUHKNQU*4%
■ #EGTQGNÅEVTKEQCNXCPCFKQHQTLCFQVGORNCFQCNCEGKVG

 
       40°    

%CRCEKFCFFGEQTVG &KOGPUKQPGU
0ÖOFG '#0 . . 9 6 9 6
CTVÉEWNQ  OO #NKECVG /CPIQU ´OO ´OO OO OO OO OO OO OO I
   CKUNCFQUEQPHWPFCUGPFQU 
   ETQOCFQ        
 EQORQPGPVGUUGIÖPPQTOC8&'
  CKUNCFQUEQPHWPFCUGPFQU
   40°    
ETQOCFQ
EQORQPGPVGUUGIÖPPQTOC8&'
        


#NKECVGUFGOQPVCLG ■


2WPVCUFGRTGEKUKÏPGN½UVKECU[OW[TGUKUVGPVGU
$QECUNCTICUUGOKTGFQPFCU
EQPHKNQUFGEQTVG
CNKECVGUFGDQECEKIØGÍC ■
5WRGTHKEKGFGNCUDQECUTC[CFC
■ %QPHKNQUFGEQTVGRCTCCNCODTGUGOKFWTQFGOO[
&+0+51+'%&+0'0
CNCODTGFWTQFGOOFGFK½OGVTQ
■ (KNQUFGEQTVGVGORNCFQUCFKEKQPCNOGPVGRQTKPFWEEKÏP

&WTG\CCRTQZFGNQUHKNQU*4%

#EGTQGNÅEVTKEQCNXCPCFKQHQTLCFQVGORNCFQCNCEGKVG


    


  40°    

%CRCEKFCFFGEQTVG &KOGPUKQPGU
0ÖOFG '#0 . . 6 9 9 6
CTVÉEWNQ  OO #NKECVG /CPIQU ´OO ´OO OO OO OO OO OO OO I
   CKUNCFQUEQPHWPFCUGPFQU 
   ETQOCFQ        
 EQORQPGPVGUUGIÖPPQTOC8&'
   CKUNCFQURQTKPOGTUKÏPGPRN½UVKEQ
   ETQOCFQ        
  TGHQT\CFQUGIÖPPQTOC8&'
  CKUNCFQUEQPHWPFCUGPFQU
   40°    ETQOCFQ
EQORQPGPVGUUGIÖPPQTOC8&'
        

  CKUNCFQURQTKPOGTUKÏPGPRN½UVKEQ
   40°    
ETQOCFQ
TGHQT\CFQUGIÖPPQTOC8&'
        


*'44#/+'06#5#+5.#&#5

#NKECVGUFGDQECUNCTICU ■


&GCNVCTGUKUVGPEKC[RQEQFGUICUVG
&KHGTGPVGUVKRQUFGDQECU
&+0+51+'%&+0'0 ■ #EGTQGNÅEVTKEQCNETQOQXCPCFKQHQTLCFQVGORNCFQCNCEGKVG

6KRQ
5WRGTHKEKGFGNCUDQECUTC[CFC
DQECUNCTICURNCPCU

6KRQ
$QECUNCTICUTGFQPFCU
UWRGTHKEKGFGDQECUNKUC

   

&KOGPUKQPGU
0ÖOFG '#0 . 9 6 9 6
CTVÉEWNQ  OO 6KRQ #NKECVG /CPIQU OO OO OO OO OO I
CKUNCFQUEQPHWPFCUGPFQU
       ETQOCFQ      
EQORQPGPVGUUGIÖPPQTOC8&'
CKUNCFQUEQPHWPFCUGPFQU
        ETQOCFQ      
EQORQPGPVGUUGIÖPPQTOC8&'


#NKECVGUFGEQTVGFKCIQPCN ■


'NCNKECVGFGEQTVGFKCIQPCNKPFKURGPUCDNGRCTCVQFQVKRQFGWUQU
/CVGTKCNFGITCPECNKFCF[VTCDCLQFGRTGEKUKÏPRCTCWPCNCTIC
&+0+51+'%&+0'0 XKFCÖVKN

(KNQUFGEQTVGFGRTGEKUKÏPRCTCCNCODTGDNCPFQ[FWTQ
■ %QTVGNKORKQVCODKÅPGPNCURWPVCUFGCNCODTGUHKPQUFGEQDTG

■ (KNQUFGEQTVGVGORNCFQUCFKEKQPCNOGPVGRQTKPFWEEKÏP

&WTG\CCRTQZKOCFCFGNQUHKNQU*4%
■ (QTOCFGECDG\CGUVTGEJCRCTCWUCTGPGURCEKQUTGFWEKFQU


#EGTQGNÅEVTKEQCNXCPCFKQHQTLCFQVGORNCFQCNCEGKVG


  


%CDG\CGUDGNVC[EQTVGRTGEKUQGPRWPVCU
   CFGEWCFCRCTCVTCDCLCTGPGURCEKQU
TGFWEKFQU

%CRCEKFCFFGEQTVG
0ÖOFG '#0
CTVÉEWNQ  OO #NKECVG /CPIQU ´OO ´OO ´OO I
      
   CKUNCFQUEQPHWPFCUGPFQUEQORQPGPVGU    
  ETQOCFQ
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   CKUNCFQURQTKPOGTUKÏPGPRN½UVKEQTGHQT\CFQ    
   ETQOCFQ
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     ETQOCFQ CKUNCFQUEQPHWPFCUGPFQUEQORQPGPVGUUGIÖPPQTOC8&'    


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#NKECVGUFGEQTVGFKCIQPCNEQORCEVQU GPEQORCTCEKÏPEQPNQUCNKECVGUFGEQTVGFKCIQPCN
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%QPGLGFGCTVKEWNCEKÏPEQPCNQLCOKGPVQFQDNG

%QORCEVQ[WPO½UNKIGTQ2QVGPVG[RTGEKUQ
%QTVCFGUFGNQUJKNQUO½UHKPQUJCUVCECDNGUFG
XCTKQUEQPFWEVQTGU}6CODKÅPEWGTFCFGRKCPQ

 ■
#TVKEWNCEKÏPOCEJKJGODTCFC
    O½ZKOCGUVCDKNKFCFEQPWPTGFWEKFQRGUQ

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ITCPFG[RTQNQPICFQ
■ 'NGXCFQTGPFKOKGPVQFGEQTVG[RQEQGUHWGT\QITCEKCUCNC

RGTHGEVCEQQTFKPCEKÏPFGN½PIWNQFGEQTVG[CNGHGEVQRCNCPEC

)TCPCRGTVWTCRCTCECDNGUITWGUQU
■ %QTVGRTGEKUQKPENWUQEQPJKNQUHKPQUFG%W


&KUGÍQEQORCEVQRCTCCJQTTCTRGUQ

7UQWPKXGTUCNGPGNOQPVCLGGNOCPVGPKOKGPVQ[NCRTQFWEEKÏP
■ #EGTQCNETQOQXCPCFKQFGCNVQTGPFKOKGPVQHQTLCFQ

VGORNCFQCNCEGKVG

%CRCEKFCFFGEQTVG
0ÖOFG '#0
CTVÉEWNQ  OO #NKECVG /CPIQU ´OO ´OO ´OO ´OO ´OO I
  CKUNCFQUEQPHWPFCUGPFQUEQORQPGPVGU
   ETQOCFQ      
 UGIÖPPQTOC8&'


#NKECVGUFGEQTVGFKCIQPCN
FGCJQTTQFGGUHWGT\Q
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HQTLCFQ

■ (CDTKECFQEQPWPGLGTÉIKFQHQTLCFQSWGNGFCOC[QTTGUKUVGPEKC
CPVGITCPFGUGUHWGT\QU

#FGEWCFQRCTCVQFQVKRQFGCNCODTGKPENWUQNCEWGTFCFGRKCPQ
■ 5GTGSWKGTGRQEQGUHWGT\QGPGNEQTVGITCEKCUCNCRGTHGEVC

EQQTFKPCEKÏPFGN½PIWNQFGEQTVG[NCRTQRQTEKÏPFGNCURCNCPECU
   ■
(KNQUFGEQTVGFGITCPRTGEKUKÏPVGORNCFQUCFKEKQPCNOGPVGRQT
KPFWEEKÏP&WTG\CCRTQZFGNQUHKNQUFGEQTVG*4%

#EGTQCNETQOQXCPCFKQFGCNVQTGPFKOKGPVQHQTLCFQVGORNCFQCN
CEGKVG
.QPIKVWFOO
.QUCNKECVGUFGOOFGNCTIQUQPNQUCFGEWCFQURCTCEQTVCTECDNGUFGEQDTGFG
 JCUVCOOŽ[ECDNGUFGCNWOKPKQFGJCUVCOOŽ
  

%CRCEKFCFFGEQTVG
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CTVÉEWNQ  OO #NKECVG /CPIQU ´OO ´OO ´OO I
      
   CKUNCFQUEQPHWPFCUGPFQUEQORQPGPVGU    
  ETQOCFQ
   UGIÖPPQTOC8&'    
      
   CKUNCFQURQTKPOGTUKÏPGPRN½UVKEQTGHQT\CFQ    
   ETQOCFQ
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 6GPC\CNNCXGCKUNCFC ■


#NKECVGU[LWGIQFGNNCXGUGPWPCUQNCJGTTCOKGPVC
/W[CFGEWCFCVCODKÅPRCTCCICTTCTUWLGVCTRTGPUCT
+'%&+0'0 [FQDNCTRKG\CUCOGECPK\CT
■ 0QUGFCÍCPNCUCTKUVCUFGVQTPKNNQUFGNKECFQUDNCPFQU
%W 

FGDKFQCNEQPVCEVQNKDTGFGLWGIQ[GPVQFCNCUWRGTHKEKG

%QPGUECNCRCTCCLWUVCTNC\QPCFGCICTTGCRCTVGFGNCRKG\CC
VTCDCLCT

#TVKEWNCEKÏPCPVKFGUNK\CPVGEQPDQECUFGCICTTGFGCLWUVGRGTHGEVQ
■ #ICTTGRGTHGEVQITCEKCUCNCUOQTFC\CURCTCNGNCUUWFKUGÍQRGTOKVG

CFCRVCTNCCVQFQUNQUCPEJQUFGDQECJCUVCGNO½ZKOQGURGEKHKECFQ

#LWUVG[NKDGTCEKÏPT½RKFCFGNCUOQTFC\CUITCEKCUCNGHGEVQECTTCEC
 ■
.CHWGT\CGLGTEKFCGPNQUOCPIQUUGOWNVKRNKECRQTGPNCU
    OQTFC\CUITCPECRCEKFCFFGUWLGEKÏP

#EGTQGNÅEVTKEQCNETQOQXCPCFKQHQTLCFQVGORNCFQCNCEGKVG

'UECNCFQRCTCCLWUVCTNC\QPCFGCICTTG
HWGTCFGNCRKG\C

&KOGPUKQPGU
0ÖOFG '#0 2QUKEKQPGU $ $ $
CTVÉEWNQ  OO #NKECVG /CPIQU 2WNICFCU OO FGCLWUVG OO OO OO I
CKUNCFQURQTKPOGTUKÏPGPRN½UVKEQ
      ETQOCFQ       
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/C[QTTGPFKOKGPVQ[EQPHQTV
GPEQORCTCEKÏPEQPVGPC\CU
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FGCIWCFGNCOKUOCNQPIKVWF
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CICTTG
■ (½EKNCEEGUQCNCRKG\CITCEKCUCN

FKUGÍQGUDGNVQGPNC\QPCFGNC
ECDG\C[NCCTVKEWNCEKÏP
 ■ #WVQTGVGPEKÏPGPVWDGTÉCU[

    VWGTECUCICTTGRGTHGEVQCNC


RKG\CEQPGNOÉPKOQGUHWGT\Q
■ /QTFC\CUEQPFKGPVGUCFKEKQ

7PTGVÅPRTQVGEVQTGXKVCSWG
PCNOGPVGVGORNCFQUFWTG\C GNVTCDCLCFQTUGRGNNK\SWGNQU
CRTQZFGNQUFKGPVGU*4% FGFQU
RQEQFGUICUVG[ITCPUGIWTKFCF ■
#EGTQGNÅEVTKEQCNETQOQ
GPGNCICTTG XCPCFKQHQTLCFQVGORNCFQCN

#TVKEWNCEKÏPOCEJKJGODTCFC CEGKVG
 ITCPGUVCDKNKFCFRQTNCFQDNG
    IWÉC

0ÖOFG '#0 2QUKEKQPGU


CTVÉEWNQ  OO #NKECVG /CPIQU ´2WNICFCU ´OO OO FGCLWUVG I
CKUNCFQUEQPHWPFCUGPFQU
      ETQOCFQ     
EQORQPGPVGUUGIÖPPQTOC8&'
   CKUNCFQURQTKPOGTUKÏPGPRN½UVKEQ     
    ETQOCFQ
   TGHQT\CFQUGIÖPPQTOC8&'     


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 -0+2':%QDTCŠ8&'
'NRTQEGUQFGCLWUVGRCTCNCCFCRVCEKÏPCNCRKG\CGU
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&+0+51+'%&+0'0 VGPC\CUCDKGTVCUEQPNCOQTFC\CFGCICTTGUWRGTKQTGP
NCRKG\CEGTTCTNCVGPC\C}NKUVQ


#LWUVGFGUNK\CPFQNCDQEC ■
/QTFC\CUEQPFKGPVGUCFKEKQ
FKTGEVCOGPVGJCEKCNCRKG\CFG PCNOGPVGVGORNCFQUFWTG\C
VTCDCLQOCPGLQT½RKFQUGIWTQ CRTQZFGNQUFKGPVGU*4%
[EQPHQTVCDNG RQEQFGUICUVG[ITCPUGIWTKFCF


#DTKTOGFKCPVGRWNUCEKÏPFG GPGNCICTTG
DQVÏPHWGTCFGNCRKG\C ■ #TVKEWNCEKÏPOCEJKJGODTCFC

    ■


#LWUVGRTGEKUQEQPNQUVCOCÍQU ITCPGUVCDKNKFCFRQTNCFQDNG
O½UFKXGTUQUFGRKG\CU[RQUK IWÉC
EKÏPGTIQPÏOKECFGNOCPIQ ■ 7PTGVÅPRTQVGEVQTGXKVCSWG


(½EKNCEEGUQCNCRKG\CITCEKCUCN GNVTCDCLCFQTUGRGNNK\SWGNQU
FKUGÍQGUDGNVQGPNC\QPCFGNC FGFQU
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#WVQTGVGPEKÏPGPVWDGTÉCU[ XCPCFKQHQTLCFQVGORNCFQCN
VWGTECUCICTTGRGTHGEVQCNC CEGKVG
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#LWUVGT½RKFQGPNCJGTTCOKGPVCUKPCEEKQPCTGNRWNUCFQT

}5KORNGOGPVGGORWLCTRCTCEGTTCTGNCNKECVG

0ÖOFG '#0 2QUKEKQPGU


CTVÉEWNQ  OO #NKECVG /CPIQU ´2WNICFCU ´OO OO FGCLWUVG I
CKUNCFQUEQPHWPFCUGPFQU
      ETQOCFQ     
EQORQPGPVGUUGIÖPPQTOC8&'


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2KP\CUFGRTGEKUKÏP ■


%QORTQDCFQGIÖP+'%
#KUNCFCURQTKPOGTUKÏPGPRN½UVKEQTGHQT\CFQ
+'%&+0'0 ■ 0KSWGNCFQ

■ #EGTQRCTCOWGNNGUFGCNVCTGUKUVGPEKC


2CTCVTCDCLQUFGOQPVCLGOW[FGNKECFQURWPVCUGZVTCHKPCU
 HQTOCTGEVCKPVGTKQTFGNCUDQECUOCVGRCTCÏRVKOQCRQ[Q

   


(QTOCTGEVCUWRGTHKEKGUFGCICTTGEQPTC[CFQHKPQ


2WPVCUEWTXCUUWRGTHKEKGUFGCICTTGEQPTC[CFQHKPQ

 
   (QTOCTGEVCUWRGTHKEKGFGNCUDQECUTC[CFC


  45°  


  

0ÖOFG '#0
CTVÉEWNQ  OO #ECDCFQ I
     CKUNCFCURQTKPOGTUKÏPGPRN½UVKEQTGHQT\CFQ 
      CKUNCFCURQTKPOGTUKÏPGPRN½UVKEQTGHQT\CFQ 
     45°  CKUNCFCURQTKPOGTUKÏPGPRN½UVKEQTGHQT\CFQ 
      CKUNCFCURQTKPOGTUKÏPGPRN½UVKEQTGHQT\CFQ 


 %QTVCECDNGU ■


2CTCEQTVCTECDNGUFGEQDTG[CNWOKPKQ
}}0QCFGEWCFQRCTCEQTVCTECDNGQEQPFWEVQTGUFGEQDTGVTGP\CFQ
+'%&+0'0 ■
%WEJKNNCUFGEQTVGVGORNCFCU[CHKNCFCUEQPITCPRTGEKUKÏP
■ 0QRTQFWEGCRNCUVCOKGPVQUPKFGHQTOCEKQPGUGPGNECDNG


%QPTGVÅPRTQVGEVQT

#TVKEWNCEKÏPEQPVQTPKNNQCLWUVCDNG
■ %WGTRQFGEQTVCECDNGUCEGTQRCTCEKTWIÉCKPQZKFCDNG

VGORNCFQCNCKTG

/CPIQURN½UVKEQTGUKUVGPVGCNQUIQNRGU


   

%CRCEKFCFFGEQTVG
0ÖOFG '#0
CTVÉEWNQ  OO %CDG\C /CPIQU ´OO OOŽ #9) I
CKUNCFQUEQPTGXGUVKOKGPVQFGRN½UVKEQ
      RWNKFC    
UGIÖPPQTOC8&'


*'44#/+'06#5#+5.#&#5

 %QTVCECDNGU ■


2CTCECDNGUFGEQDTG[CNWOKPKQUKORNGU[OÖNVKRNGU
}}0QCFGEWCFQRCTCEQTVCTECDNGQEQPFWEVQTGUFGEQDTGVTGP\CFQ
+'%&+0'0 ■ %WEJKNNCUFGEQTVGVGORNCFCU[CHKNCFCUEQPITCPRTGEKUKÏP

■ %QTVGNKORKQUKPFGHQTOCEKQPGUPKCRNCUVCOKGPVQU


%QTVGOW[H½EKNEQPWPCUQNCOCPQ

7PTGVÅPRTQVGEVQTGXKVCSWGGNVTCDCLCFQTUGRGNNK\SWGNQUFGFQU
■ #TVKEWNCEKÏPEQPVQTPKNNQCLWUVCDNG


#EGTQGURGEKCNRCTCJGTTCOKGPVCUHQTLCFQ[VGORNCFQCNCEGKVG

6KRQ
/WGNNGKPUGTVCFQGPNCCTVKEWNCEKÏP

   


    

'HGEVQFGEQTVGEQPWPCNKECVGFGEQTVG 'HGEVQFGEQTVGEQPWPEQTVCECDNGU
FKCIQPCNTGSWKGTGWPITCPGUHWGT\QEQTVG EQTVGH½EKNNKORKQUKPFGHQTOCEKQPGU
KPCFGEWCFQFGHQTOCEKÏPEQPUKFGTCDNG
FGNECDNG

%CRCEKFCFFGEQTVG
0ÖOFG '#0
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CKUNCFQUEQPHWPFCUGPFQU
       ETQOCFQ    
EQORQPGPVGUUGIÖPPQTOC8&'
CKUNCFQUEQPHWPFCUGPFQU
         ETQOCFQ    
EQORQPGPVGUUGIÖPPQTOC8&'


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 %QTVCECDNGUEQPHKNQFGEQTVGFQDNG ■


2CTCEQTVCTECDNGUFGEQDTG[CNWOKPKQ
}}0QCFGEWCFQRCTCEQTVCTECDNGQEQPFWEVQTGUFGEQDTGVTGP\CFQ
+'%&+0'0 ■ %WEJKNNCUFGEQTVGVGORNCFCU[CHKNCFCUEQPITCPRTGEKUKÏP

■ %QTVGNKORKQUKPFGHQTOCEKQPGUPKCRNCUVCOKGPVQU


%QTVGOW[H½EKNEQPWPCUQNCOCPQ

)TCEKCUCUWUFQUHCUGUFGEQTVG
KPKEKCN[HKPCN UWECRCEKFCF
NNGICJCUVCOOFGFK½OGVTQ

5GTGSWKGTGWPOGPQTGUHWGT\QFGDKFQCUWGURGEKCNIGQOGVTÉC
FGEQTVG[UWÏRVKOCOWNVKRNKECEKÏP
■ 7PTGVÅPRTQVGEVQTGXKVCSWGGNVTCDCLCFQTUGRGNNK\SWGNQUFGFQU


#TVKEWNCEKÏPEQPVQTPKNNQCLWUVCDNG

#EGTQGURGEKCNRCTCJGTTCOKGPVCUHQTLCFQ[VGORNCFQCNCEGKVG

   

 %QTVGKPKEKCN#NWVKNK\CTGNHKNQFGNCPVGTQ %QTVGHKPCN&GURWÅUFGJCDGTEQTVCFQGN


RCTCEQTVCTGNTGXGUVKOKGPVQCKUNCPVGEQP CKUNCOKGPVQFGNECDNGEQPGNHKNQFGNCPVGTQ
    FK½OGVTQUFGECDNGUOC[QTGUUGOCPVKGPG NQUEQPFWEVQTGUUGEQTVCPGPGNRGTHKN
WPCGTIQPÏOKECCRGTVWTCFGNOCPIQ VTCUGTQ%QTVGKPKEKCNFGNCPVGEQTVGHKPCN
CVT½UFGGUVGOQFQUGEQTVCEQPO½U
HCEKNKFCF

%CRCEKFCFFGEQTVG
0ÖOFG '#0
CTVÉEWNQ  OO *GTTCOKGPVC /CPIQU ´OO OOŽ #9) I
CKUNCFQUEQPHWPFCUGPFQU
      ETQOCFQ    
EQORQPGPVGUUGIÖPPQTOC8&'
CKUNCFQURQTKPOGTUKÏPGPRN½UVKEQ
       ETQOCFQ    
TGHQT\CFQUGIÖPPQTOC8&'


 %QTVCECDNGU ■
2CTCECDNGUFGEQDTG[CNWOKPKQ
UKORNGU[OÖNVKRNGU
+'%&+0'0 ■ }}0QCFGEWCFQRCTCCNCODTGFG

CEGTQQECDNGUVTGP\CFQU

%WEJKNNCUFGEQTVGVGORNCFCU[
CHKNCFCUEQPITCPRTGEKUKÏP

%QTVGNKORKQUKPFGHQTOCEKQPGU
PKCRNCUVCOKGPVQU
■ 4GFWEKFQGUHWGT\QITCEKCUCNC

HCXQTCDNGOWNVKRNKECEKÏP[NC
IGQOGVTÉCQRVKOK\CFCFGNQU
HKNQU )TCPECRCEKFCFFGEQTVGOCZOOFG
 FK½OGVTQOOŽ

&KUGÍQEQORCEVQEQPWPC
    NQPIKVWFFGVCPUQNQOO
■ 2GUQTGFWEKFQ
■ %CDG\CFGEWEJKNNCCEGTQ

7PTGVÅPRTQVGEVQTGXKVCSWG
GNÅEVTKEQCNXCPCFKQHQTLCFQ
GNVTCDCLCFQTUGRGNNK\SWGNQU
VGORNCFQCNCEGKVG
FGFQU ■
/CPIQUVWDQFGCNWOKPKQFG

#TVKEWNCEKÏPEQPVQTPKNNQ
CNVCTGUKUVGPEKC
CLWUVCDNG

%CRCEKFCFFGEQTVG
0ÖOFG '#0
CTVÉEWNQ  OO %CDG\C /CPIQU ´OO OOŽ #9) I
CKUNCFQURQTKPOGTUKÏPGPRN½UVKEQ
      RWNKFC    
TGHQT\CFQUGIÖPPQTOC8&'


*'44#/+'06#5#+5.#&#5

 %QTVCECDNGU ■


2CTCECDNGUFGEQDTG[CNWOKPKQUKORNGU[OÖNVKRNGU
}}0QCFGEWCFQRCTCCNCODTGFGCEGTQQECDNGUVTGP\CFQU
+'%&+0'0 ■ %WEJKNNCUFGEQTVGVGORNCFCU[CHKNCFCUEQPITCPRTGEKUKÏP

■ %QTVGNKORKQUKPFGHQTOCEKQPGUPKCRNCUVCOKGPVQU


/WNVKRNKECEKÏPHCXQTCDNGRQTNCRCNCPECCTVKEWNCFC

7PTGVÅPRTQVGEVQTGXKVCSWGGNVTCDCLCFQTUGRGNNK\SWGNQUFGFQU
■ #TVKEWNCEKÏPEQPVQTPKNNQCLWUVCDNG


%CDG\CFGEQTVGCVQTPKNNCFCKPVGTECODKCDNG
■ %CDG\CFGEWEJKNNCCEGTQGNÅEVTKEQCNETQOQXCPCFKQFGECNKFCF

GURGEKCNHQTLCFQVGORNCFQCNCEGKVG

/CPIQUVWDQFGCEGTQ

   

%CRCEKFCFFGEQTVG
0ÖOFG '#0
CTVÉEWNQ  OO %CDG\C /CPIQU ´OO OOŽ #9) I
      RWNKFC CKUNCFQURQTKPOGTUKÏPGPRN½UVKEQTGHQT\CFQUGIÖPPQTOC8&'    
         
  %CDG\CFGEQTVGFGTGECODKQRCTC


 %QTVCECDNGUVKRQECTTCEC ■


2CTCECDNGUFGEQDTG[CNWOKPKQUKORNGU[OÖNVKRNGU
}}0QCFGEWCFQRCTCCNCODTGFGCEGTQQECDNGUVTGP\CFQU
+'%&+0'0 ■
%WEJKNNCUFGEQTVGVGORNCFCU[CHKNCFCUEQPITCPRTGEKUKÏP

%QTVGNKORKQUKPFGHQTOCEKQPGUPKCRNCUVCOKGPVQU
■ (½EKN[EÏOQFQOCPGLQEQPWPCUQNCOCPQITCEKCUCUW

GHGEVQECTTCEC

5GTGSWKGTGWPOGPQTGUHWGT\QFGDKFQCUWÏRVKOCOWNVKRNKECEKÏP
■ 2QUKDKNKFCFFGFQUXGNQEKFCFGURCTCWPEQTVGO½UH½EKN

■ (½EKNOCPGLQRQTUWTGFWEKFQRGUQ[HQTOCEQORCEVC

GURGEKCNRCTCVTCDCLCTGP½TGCUTGFWEKFCU
■ 7PTGVÅPRTQVGEVQTGXKVCSWGGNVTCDCLCFQTUGRGNNK\SWGNQUFGFQU


#EGTQGURGEKCNRCTCJGTTCOKGPVCU
 HQTLCFQ[VGORNCFQCNCEGKVG
    


#FGEWCFQRCTCUGEEKQPGUFG
ZOOŽGPECDNGFGCNWOKPKQ

 


'HGEVQECTTCECRQUKDKNKFCFFGFQU
     XGNQEKFCFGURCTCWPEQTVGO½UH½EKN

%CRCEKFCFFGEQTVG
0ÖOFG '#0
CTVÉEWNQ  OO *GTTCOKGPVC /CPIQU ´OO OOŽ /%/ I
CKUNCFQUEQPHWPFCUGPFQU
       PGITQNCECFQ    
EQORQPGPVGUUGIÖPPQTOC8&'
CKUNCFQUEQPHWPFCUGPFQU
        PGITQNCECFQ    
EQORQPGPVGUUGIÖPPQTOC8&'
         
  %WEJKNNCOQXKDNGFGTGECODKQRCTC
  %WEJKNNCOQXKDNGFGTGECODKQRCTC


*'44#/+'06#5#+5.#&#5

 %QTVCECDNGU
RTKPEKRKQFGECTTCECXGNQEKFCFGU 4QDWUVQ/CPGLCDNG(½EKNFGWUCT
'HGEVQECTTCECKPPQXCFQT
+'%&+0'0
2CTCECDNGJCUVCWPFK½OGVTQFGOO


/CPGLQUGPEKNNQRQTUWTGFWEKFQRGUQ
I [GNFKUGÍQEQORCEVQ

OOFGNQPIKVWF sVCODKÅPRWGFGWVKNK\CTUGGPGURCEKQUTGFWEKFQU
■ %QTVCECDNGUFGEQDTG[CNWOKPKQJCUVCWPFK½OGVTQFGOO

WVKNK\CPFQWPCQFQUOCPQU
■ .QUHKNQUVGORNCFQUEQPCHKNCFQFGRTGEKUKÏPEQTVCPTGEVC[

NKORKCOGPVGUKPCRNCUVCT

2CTCECDNGUFGEQDTG[CNWOKPKQUKORNGU[OÖNVKRNGU
}}0QCFGEWCFQ
RCTCCNCODTGFGCEGTQQECDNGUVTGP\CFQU
■ #EEKQPCOKGPVQFGNCEQTQPCFGPVCFCFGVTGUXGNQEKFCFGUEQPCNVC

OWNVKRNKECEKÏPRCTCHCEKNKVCTGNEQTVGGPGNOCPGLQEQPWPC[FQUOCPQU
■ <QPCGURGEKCNFGCRQ[QGPGNOCPIQRCTCEQTVGUEQPGNCNKECVG

     CRQ[CFQ

#EGTQGURGEKCNRCTCJGTTCOKGPVCUHQTLCFQ[VGORNCFQCNCEGKVG

%CRCEKFCFFGEQTVG
0ÖOFG '#0
CTVÉEWNQ  OO *GTTCOKGPVC /CPIQU ´OO OOŽ /%/ I
CKUNCFQUEQPHWPFCUGPFQU
       PGITQCVTCOGPVCFQ    
EQORQPGPVGUUGIÖPPQTOC8&'
         
  ,WGIQRCTCTGRCTCTNCEWEJKNNCRKXQVCPVGRCTCWPF
  ,WGIQRCTCTGRCTCTNCEWEJKNNCHKLCRCTCWPF


 %QTVCECDNGU
VKRQECTTCEC %QTVCECDNGUEWDKGTVQUFGCEGTQFGJCUVCWPFK½OGVTQFG
OOOOŽ
RGLZOOŽ WVKNK\CPFQWPCQFQU
2CTCECDNGUEQPEQDGTVWTCFGCEGTQ
ECDNG59# OCPQU
4QDWUVQ/CPGLCDNG'UVCDNG
■ /CPGLQUGPEKNNQRQTUWTGFWEKFQRGUQ
I [GNFKUGÍQ

EQORCEVQ
OOFGNQPIKVWF sVCODKÅPRWGFGWVKNK\CTUGGP
GURCEKQUTGFWEKFQU
■ %WEJKNNCUFGEQTVGCHKNCFCUEQPITCPRTGEKUKÏP[HKNQUFGEQTVG

VGORNCFQUCFKEKQPCNOGPVGRQTKPFWEEKÏP%QTVCPNKORKCOGPVGUKP
FGHQTOCEKQPGUPKCRNCUVCOKGPVQU
■ #EEKQPCOKGPVQKPPQXCFQTFGEQTQPCFGPVCFCFGVTGUXGNQEKFCFGU

EQPGNGXCFCOWNVKRNKECEKÏP

%QPUQRQTVGRCTCCRQ[CTCNEQTVCT
■ 0QCRVQRCTCEQTVCTECDNGU#%54PKECDNGUFGCEGTQ

# ■
#EGTQGURGEKCNRCTCJGTTCOKGPVCUHQTLCFQ[VGORNCFQCNCEGKVG
    

(KNQFGEQTVGHTGUCFQEQP
RTGEKUKÏP[VGORNCFQRQT
KPFWEEKQP

%CRCEKFCFFGEQTVG
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CKUNCFQUEQPHWPFCUGPFQU
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EQORQPGPVGUUGIÖPPQTOC8&'

#  ,WGIQRCTCTGRCTCTNCEWEJKNNCRKXQVCPVG


#  ,WGIQRCTCTGRCTCTNCEWEJKNNCHKLC


*'44#/+'06#5#+5.#&#5

 %QTVCECDNGURCTCECDNGVTGP\CFQ ■
2CTCECDNGFGCEGTQ[XCTKNNCU
ECDNGUFGEQDTG[CNWOKPKQ

%CDG\CFGEWEJKNNCCEGTQGURGEK
CNRCTCJGTTCOKGPVCUFGECNKFCF
+'%&+0'0 ■ KPFKECFQRCTCUGRCTCTECDNGUFG GURGEKCNVGORNCFQCNCEGKVG
EQPFWEVQTGUCÅTGQUEQPCNCODTG ■ /CPIQUCNWOKPKQFGCNVC

FGFGUECTICFGVTCEEKÏP TGUKUVGPEKC

(KNQUFGEQTVGGP½PIWNQSWG
RGTOKVGPGNEQTVGFGWPÖPKEQ
CNCODTG
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TGPFKOKGPVQFGEQTVG

%CDG\CFGEQTVGCVQTPKNNCFC

KPVGTECODKCDNG
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2GUQTGFWEKFQ

%CRCEKFCFFGEQTVG
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      RWNKFC CKUNCFCURQTKPOGTUKÏPGPRN½UVKEQTGHQT\CFQ     
          
  %CDG\CFGEQTVGFGTGECODKQRCTC


 #NKECVGRCTCGPVCNNCTRWPVGTCU ■ 2CTCWPGPVCNNCFQEQTTGEVQFGRWPVGTCUEQPHQTOGCNCPQTOC&+0
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&KUGÍQNKIGTQ[GUDGNVQ

%QPOQTFC\CGPHQTOCUGOKEKTEWNCTRCTCNQITCTWPCWPKÏP
GURGEKCNOGPVGCLWUVCFCGPVTGNCRWPVGTC[GNEQPFWEVQT

RQUKEKQPGUFGETKORCLGRTQHWPFCU[EQPUWRGTHKEKGUNCVGTCNGU
EÏPKECU

#EGTQGURGEKCNRCTCJGTTCOKGPVCUHQTLCFQVGORNCFQCNCEGKVG

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0ÖOFG '#0 %CRCEKFCF 0ÖOFGRQUKEKQPGU
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  CKUNCFQUEQPHWPFCUGPFQU
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 EQORQPGPVGUUGIÖPPQTOC8&'


#NKECVGRCTCGPVCNNCTRWPVGTCU ■
2CTCWPGPVCNNCFQEQTTGEVQFG
RWPVGTCUEQPHQTOGCNCPQTOC
+'%&+0'0 &+0RCTVGU FG
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■ (½EKNGPVCNNCFQFGDKFQCNC

OWNVKRNKECEKÏPQRVKOK\CFC

&KUGÍQNKIGTQ[GUDGNVQ
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EKTEWNCTRCTCNQITCTWPCWPKÏP
GURGEKCNOGPVGCLWUVCFCGPVTGNC
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 ■ RQUKEKQPGUFGETKORCLG

   RTQHWPFCU[EQPUWRGTHKEKGU ■ #EGTQGURGEKCNRCTCJGTTCOKGP


NCVGTCNGUEÏPKECU VCUHQTLCFQVGORNCFQCNCEGKVG

0ÖOFG '#0 %CRCEKFCF 0ÖOFGRQUKEKQPGU
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  CKUNCFQUEQPHWPFCUGPFQU
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 EQORQPGPVGUUGIÖPPQTOC8&'


*'44#/+'06#5#+5.#&#5

 .NCXGUHKLCU ■


$QECGP½PIWNQFG–
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VGORNCFQCNCEGKVG


 

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0ÖOFGCTVÉEWNQ  OO 2WNICFCU OCZOO DOCZOO COCZOO I
      
       
      
       
      
       
      
       
      
       
      
       

      
       
      
       
p      
p       
p      
p       
p      
p       
p      
p       


 .NCXGCLWUVCDNG ■
5WRGTHKEKGUFGCICTTGNKUCU[IWKCFCURCTCNGNCOGPVG

#PEJWTCFGDQECEQPCLWUVGEQPVKPWQ

%QPGUECNCRCTCCLWUVCTNCCPEJWTCFGDQECCRCTVGFG
NCRKG\CCVTCDCLCT
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  22°  

0ÖOFG '#0 #PEJWTCFGNC #PEJWTCFGNC #PEJQ 2TQHWPFKFCF


CTVÉEWNQ  OO *GTTCOKGPVC /CPIQ OO 2WNICFCU DQECOO ECDG\COO OO OO I
CKUNCFCURQTKPOGTUKÏP
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GPRN½UVKEQTGHQT\CFQ


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 .NCXGUFGGUVTGNNCCEQFCFCU ■


#EQFCFC
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HQTLCFQVGORNCFQCNCEGKVG


 

#PEJWTCFGNC )TQUQTFGNC
0ÖOFG '#0 %CTCURNCPCU5 .CTIQN ECDG\CD ECDG\CC 2TQHWPFKFCFFGCEQFCFQJ
CTVÉEWNQ  OO OCZOO OCZOO OCZOO OCZOO I
       
       
       
       
       
       
       
        
       
       
       
       
       
       
       


 .NCXGUFGXCUQEQPOCPIQFGUVQTPKNNCFQT ■
/CPIQFGRN½UVKEQGPEQORQPGPVGUQRVKOK\CFQGTIQPÏOKECOGPVG
RCTCWPCVTCPUOKUKÏPFGNCHWGT\CUKPHCVKIC[UWCXGRCTCNCUOCPQU
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'NFKUGÍQFGNOCPIQGXKVCSWGTWGFG

#EGTQCNETQOQXCPCFKQOQNKDFGPQ


  

0ÖOFG '#0 %CTCURNCPCU5 .QPIFGNC .QPIFGN &K½FGNCECDG\CF


CTVÉEWNQ  OO 2WPVC /CPIQ OO XCTKNNCOO OCPIQOO OO I
       
       
       
       
   OCPIQCKUNCPVGGPFQU     

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   PQTOC8&'     
       
       
       
       


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+'%&+0'0

 
     

0ÖOFG '#0 %CTCURNCPCU5 .QPIFGNOCPIQ &K½FGNCECDG\CF


CTVÉEWNQ  OO OO OCZOO OO I
      
      
      
 
      
      
      
      
         
      


 &GUVQTPKNNCFQTGURCTCVQTPKNNQUFG ■
/CPIQFGRN½UVKEQGPEQORQPGPVGUQRVKOK\CFQGTIQPÏOKECOGPVG
RCTCWPCVTCPUOKUKÏPFGNCHWGT\CUKPHCVKIC[UWCXGRCTCNCUOCPQU
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'NFKUGÍQFGNOCPIQGXKVCSWGTWGFG

#EGTQCNETQOQXCPCFKQOQNKDFGPQ
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0ÖOFG '#0 %CTCURNCPCU5 .QPIFGNC .QPIKVWFFGNCRWPVCPQ .QPIFGN


CTVÉEWNQ  OO 2WPVC /CPIQ OO XCTKNNCOO CKUNCFCOO OCPIQOO I
       
       
   OCPIQCKUNCPVGGP     

DTWÍKFQ FQUEQORQPGPVGU
        
UGIÖPPQTOC8&'
       
       


 &GUVQTPKNNCFQTGURCTCVQTPKNNQUFG ■
#EGTQGURGEKCNRCTCJGTTCOKGPVCUVGORNCFQCNCEGKVG

ECDG\CJGZCIQPCNEQPOCPIQGPHQTOCFG6
+'%&+0'0

 
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0ÖOFG '#0 %CTCURNCPCU5 .QPIKVWFFGNCRWPVCPQCKUNCFC .QPIFGNOCPIQ


CTVÉEWNQ  OO OO OO OO I
      
       
      
      
        
      


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 &GUVQTPKNNCFQTGU ■
/CPIQFGRN½UVKEQGPEQORQPGPVGUQRVKOK\CFQGTIQPÏOKECOGPVG
RCTCWPCVTCPUOKUKÏPFGNCHWGT\CUKPHCVKIC[UWCXGRCTCNCUOCPQU
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'NFKUGÍQFGNOCPIQGXKVCSWGTWGFG
+'%&+0'0

#EGTQCNETQOQXCPCFKQOQNKDFGPQ


 'URGEKCNOGPVGCFGEWCFQRCTCGNOQPVCLGFGEQPVCFQTGUEQPEWEJKNNCFGOO
FGNQPIKVWF
  

0ÖOFG '#0 #PEJWTCFGNC 'URGUQTFGNC .QPIFGNC .QPIKVWFFGNCRWPVC .QPIFGN


CTVÉEWNQ  OO 2WPVC /CPIQ XCTKNNCOO XCTKNNCOO XCTKNNCOO PQCKUNCFCOOOO OCPIQOO I
        
        
        
    OCPIQCKUNCPVGGP      
 DTWÍKFQ FQUEQORQPGPVGU
   UGIÖPPQTOC8&'      
        
        
        
 OCPIQCKUNCPVGGP
    DTWÍKFQ FQUEQORQPGPVGU      
 UGIÖPPQTOC8&'


 &GUVQTPKNNCFQTGU ■
/CPIQFGRN½UVKEQGPEQORQPGPVGUQRVKOK\CFQGTIQPÏOKECOGPVG
RCTCWPCVTCPUOKUKÏPFGNCHWGT\CUKPHCVKIC[UWCXGRCTCNCUOCPQU
RCTCVQTPKNNQUETWEKHQTOGU2JKNNKRU Š

'NFKUGÍQFGNOCPIQGXKVCSWGTWGFG
■ #EGTQCNETQOQXCPCFKQOQNKDFGPQ
+'%&+0'0


   2JKNNKRUŠGUWPCOCTECTGIKUVTCFCFG2JKNNKRU5ETGY%QORCP[

0ÖOFG '#0 .QPIFGNCXCTKNNC .QPIKVWFFGNCRWPVCPQ .QPIFGNOCPIQ


CTVÉEWNQ  OO 2WPVC /CPIQ 6COCÍQ OO CKUNCFCOO OO I
   2*    
    OCPIQCKUNCPVGGP 2*    
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   UGIÖPPQTOC8&' 2*    
   2*    


 &GUVQTPKNNCFQTGU ■ /CPIQFGRN½UVKEQGPEQORQPGPVGUQRVKOK\CFQGTIQPÏOKECOGPVG
RCTCWPCVTCPUOKUKÏPFGNCHWGT\CUKPHCVKIC[UWCXGRCTCNCUOCPQU
RCTCVQTPKNNQUETWEKHQTOGU2Q\KFTKX Š

'NFKUGÍQFGNOCPIQGXKVCSWGTWGFG

#EGTQCNETQOQXCPCFKQOQNKDFGPQ
+'%&+0'0


   2Q\KFTKXŠGUWPCOCTECTGIKUVTCFCFG'WTQRGCP+PF5GTX.VF

0ÖOFG '#0 .QPIFGNCXCTKNNC .QPIKVWFFGNCRWPVCPQ .QPIFGNOCPIQ


CTVÉEWNQ  OO 2WPVC /CPIQ 6COCÍQ OO CKUNCFCOO OO I
   2<    
   OCPIQCKUNCPVGGP 2<    

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   UGIÖPPQTOC8&' 2<    
   2<    


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/CPIQFGRN½UVKEQGPEQORQPGPVGUQRVKOK\CFQGTIQPÏOKECOGPVG
RCTCWPCVTCPUOKUKÏPFGNCHWGT\CUKPHCVKIC[UWCXGRCTCNCUOCPQU
RCTCVQTPKNNQU6QTZŠ ■ 'NFKUGÍQFGNOCPIQGXKVCSWGTWGFG

■ #EGTQCNETQOQXCPCFKQOQNKDFGPQ
+'%&+0'0


   6QTZŠGUWPCOCTECTGIKUVTCFCFG#EWOGPV)NQDCN6GEJPQNQIKGU+PE

0ÖOFG '#0 .QPIFGNC .QPIKVWFFGNCRWPVCPQ .QPIFGN


CTVÉEWNQ  OO 2WPVC /CPIQ 6COCÍQ XCTKNNCOO CKUNCFCOO OCPIQOO I
   6:    
   OCPIQCKUNCPVGGPFQU 6:    

   DTWÍKFQ EQORQPGPVGUUGIÖP 6:    

   PQTOC8&' 6:    
   6:    


 /CPIQUGP6EQPEWCFTCFKNNQGZVGTPQQ ■


2CTCWUCTEQPNNCXGUFGXCUQ
2CTCWPCEQRNGT½RKFQH½EKN[UGIWTQFGNCUJGTTCOKGPVCU
+'%&+0'0 ■ *GTTCOKGPVCDCUGETQOCFC


#EGTQGURGEKCNRCTCJGTTCOKGPVCUHQTLCFQ[VGORNCFQCNCEGKVG


 

0ÖOFG '#0 /CPIQGP6 %WCFTCFKNNQ


CTVÉEWNQ  OO OO RWNICFCU I
      
       


%CTTCECUTGXGTUKDNGU ■


2CTCWUCTEQPNNCXGUFGXCUQ
4GXGTUKDNGRCTCWUQGPCODQUUGPVKFQU
EQPEWCFTCFKNNQGZVGTPQQ ■
(WPEKQPCOKGPVQGZVTCOCFCOGPVGUWCXG
■ 2CTCWPCEQRNGT½RKFQH½EKN[UGIWTQFGNCUJGTTCOKGPVCU
+'%&+0'0 ■
#EGTQCNETQOQXCPCFKQHQTLCFQ

0ÖOFG '#0 %WCFTCFKNNQ


CTVÉEWNQ  OO RWNICFCU I
      
        


*'44#/+'06#5#+5.#&#5

#NCTICFGTCU ■


2CTCWUCTEQPNNCXGUFGXCUQ
%QPEWCFTCFKNNQKPVGTKQT[GZVGTKQT
EQPEWCFTCFKNNQKPVGTPQ[GZVGTPQQ ■ 2CTCWPCEQRNGT½RKFQH½EKN[UGIWTQFGNCUJGTTCOKGPVCU

■ #EGTQCNETQOQXCPCFKQHQTLCFQ
+'%&+0'0


  
0ÖOFG '#0 %WCFTCFKNNQ
CTVÉEWNQ  OO RWNICFCU I
    
 
    
     
     
    


8CUQUJGZCIQPCNGURCTCVQTPKNNQU ■


2CTCVQTPKNNQUFGECDG\CJGZCIQPCNOÅVTKEQU
*GTTCOKGPVCDCUGETQOCFC
FGECDG\CJGZCIQPCN ■ #EGTQCNETQOQXCPCFKQ

EQPEWCFTCFKNNQKPVGTPQQ
+'%&+0'0

S
d

 
     

0ÖOFG '#0 %CTCURNCPCU5 &K½OFGNCJGTTCOKGPVCFOCZ %WCFTCFKNNQ


CTVÉEWNQ  OO OO RWNICFCU I
     
     
     
     
 
     
     
     
     
     
     
     
     
     
     
  
     
     
     
     
     
     


*'44#/+'06#5#+5.#&#5

8CUQU ■


%QPJGZCIQPCNFQDNG
ECPVQU
2CTCVQTPKNNQUFGECDG\CGPRWNICFCU
EQPEWCFTCFKNNQKPVGTPQQ ■
*GTTCOKGPVCDCUGETQOCFC

#EGTQCNETQOQXCPCFKQ
+'%&+0'0

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0ÖOFG '#0 %CTCURNCPCU5 &K½OFGNCJGTTGOKGPVCF %WCFTCFKNNQ


CTVÉEWNQ  RWNICFCU OCZOO RWNICFCU I
     
     
     
       
     
     
     
     
     
     
       
     
     
     


8CUQUJGZCIQPCNGURCTCVQTPKNNQU ■


2CTCVQTPKNNQUFGECDG\CJGZCIQPCNOÅVTKEQU
*GTTCOKGPVCDCUGETQOCFC
FGECDG\CJGZCIQPCN ■ #EGTQGURGEKCNRCTCJGTTCOKGPVCU

EQPEWCFTCFKNNQKPVGTPQQ
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0ÖOFG '#0 %CTCURNCPCU5 .QPIKVWFFGNCRWPVCPQCKUNCFC %WCFTCFKNNQ


CTVÉEWNQ  OO OO OO RWNICFCU I
      
        
      
      
         
      


*'44#/+'06#5#+5.#&#5

 %CTTCECTGXGTUKDNG ■


4GXGTUKDNGRCTCWUQGPCODQUUGPVKFQU
$NQSWGQOW[UGIWTQFGNCUJGTTCOKGPVCUFGCEEKQPCOKGPVQ
EQPEWCFTCFKNNQGZVGTPQFG RQTGNGPENCXCOKGPVQCVQTPKNNCFQ
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+51+'%&+0'0

0ÖOFG '#0 %WCFTCFKNNQ


CTVÉEWNQ  OO RWNICFCU I

     
 


.NCXGUFKPCOQOÅVTKECU ■


%CODKCDNGURCTCCVQTPKNNCTTQUECUCNCK\SWKGTFC
#LWUVGEQPDNQSWGQ
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$NQSWGQOW[UGIWTQFGNCUJGTTCOKGPVCUFGCEEKQPCOKGPVQ
+'%&+0'0&+0'0+51 RQTGNGPENCXCOKGPVQCVQTPKNNCFQ

'UECNCCKUNCFCVTCPURCTGPVG

%GTVKHKECFQFGECNKDTCEKÏPKPENWÉFQ

#EGTQCNETQOQXCPCFKQ


  'UECNCCKUNCFCVTCPURCTGPVG

0ÖOFG '#0 %WCFTCFKNNQ


CTVÉEWNQ  OO #RNKECEKÏP RWNICFCU I
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 %WEJKNNQUTGEVQURCTCECDNG ■ 'TIQPQOÉCQRVKOK\CFCRQTNCHQTOCFGNOCPIQEQPRTQVGEEKÏPFG
FGUXKCEKÏPCITCFCDNGOGPVGFKUGÍCFC
+'%&+0'0 ■
/½UUGIWTKFCFRQTEQORQPGPVGUDNCPFQUCPVKFGUNK\CPVGU

'NJWGEQRCTCGNRWNICT[GNdICPEJQpRCTCNQUFGFQUCNHKPCNFGN
OCPIQCUGIWTCPWPCÏRVKOCVTCPUOKUKÏPFGHWGT\CEWCPFQUG
RTGUKQPCNCEWEJKNNC

%WEJKNNCTGEVCUÏNKFCOGPVGHKLCFC

%CRWEJÏPFGRTQVGEEKÏPVTCPURCTGPVG

%WEJKNNCCEGTQGURGEKCNRCTCJGTTCOKGPVCUVGORNCFQCNCEGKVG

 


'NNQOQFGNCEWEJKNNCTGEWDKGTVQFGRN½UVKEQRCTCGXKVCTEQTVQEKTEWKVQU


 

0ÖOFG '#0 .QPIFGNC


CTVÉEWNQ  OO /CPIQ XCTKNNCOO I
    OCPIQCKUNCPVGGPFQUEQORQPGPVGUUGIÖPPQTOC8&'  
     OCPIQCKUNCPVGGPFQUEQORQPGPVGUUGIÖPPQTOC8&'  


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 %WEJKNNQURGNCECDNGU ■ 'TIQPQOÉCQRVKOK\CFCRQTNCHQTOCFGNOCPIQEQPRTQVGEEKÏPFG
FGUXKCEKÏPCITCFCDNGOGPVGFKUGÍCFC
+'%&+0'0 ■ /½UUGIWTKFCFRQTEQORQPGPVGUDNCPFQUCPVKFGUNK\CPVGU

■ 'NJWGEQRCTCGNRWNICT[GNdICPEJQpRCTCNQUFGFQUCNHKPCNFGN

OCPIQCUGIWTCPWPCÏRVKOCVTCPUOKUKÏPFGHWGT\CEWCPFQUG
RTGUKQPCNCEWEJKNNC
■ %CRWEJÏPFGRTQVGEEKÏPVTCPURCTGPVG


%WEJKNNCFGICPEJQUQNKFCOGPVGHKLCFCX½NKFQRCTCECDNGUTGFQPFQU
EWEJKNNCCEGTQGURGEKCNRCTCJGTTCOKGPVCUVGORNCFQCNCEGKVG

  
%WEJKNNCFGICPEJQGUVTGEJCUQNKFCOGPVGHKLCFCHQTOCFGJQ\CFGEWCFQRCTC
ECDNGUUGEVQTKCNGUEWEJKNNCCEGTQGURGEKCNRCTCJGTTCOKGPVCUVGORNCFQCNCEGKVG


%WEJKNNCFGICPEJQUQNKFCOGPVGHKLCFCHQTOCFGJQ\EQPIWÉCFGFGUNK\COKGPVQGP
NCRWPVCFGNCEWEJKNNCPQFCÍCGNCKUNCOKGPVQFGNJKNQEQPFWEVQTJQLCFGEWEJKNNC
CEGTQRCTCEKTWIÉCKPQZKFCDNGVGORNCFQCNCKTG

 


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0ÖOFG '#0 .QPIFGNC 4CFKQ


CTVÉEWNQ  OO /CPIQ XCTKNNCOO OO I
    OCPIQCKUNCPVGGPFQUEQORQPGPVGUUGIÖPPQTOC8&'   
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    OCPIQCKUNCPVGGPFQUEQORQPGPVGUUGIÖPPQTOC8&'   


 %WEJKNNQTGEVQRCTCECDNG ■


*QLCFGEWEJKNNCEQPTGEVKHKECFQGURGEKCNKPVGTECODKCDNG
%QPRTQVGEVQTDCUEWNCPVGKPVGITCFQGPGNOCPIQ
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0ÖOFG '#0 .QPIFGNCXCTKNNC


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8FGVGPUKÏPCNVGTPC[8FGVGPUKÏPEQPVÉPWC
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EQPVTCECORQUOCIPÅVKEQU[PQRTQXQECPEJKURCU
#FGO½UGUV½PGURGEKCNOGPVGKPFKECFQURCTCUWWUQGP
GPVQTPQUSWÉOKECOGPVGCITGUKXQU


   


'NVQVCNCKUNCOKGPVQTGFWEGGNTKGUIQFGEQTVQEKTEWKVQ
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2N½UVKEQTGHQT\CFQEQPHKDTCFGXKFTKQ

/CPIQUEQP\QPCFGRN½UVKEQDNCPFQRCTCWPCICTTGUGIWTQ

0ÖOFG '#0
CTVÉEWNQ  OO I
      


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2N½UVKEQTGHQT\CFQEQPHKDTCFGXKFTKQ
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2CTCUWLGEKÏPFGNCUOCPVCUCKUNCPVGU
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0ÖOFG '#0 %CRCEKFCFFG


 CTVÉEWNQ  OO CICTTGOO I
       


*'44#/+'06#5#+5.#&#5

 $QSWKNNCUEÏPKECU ■
2CTCRTQVGEEKÏPEQPVTCRWPVCUFGUPWFCUFGECDNGUGPVGPUKÏP

FK½OCZOO
&+08&' ■ 2N½UVKEQ

0ÖOFG '#0 %KHTCECTCEVGTÉUVKEC


CTVÉEWNQ  OO FGNEQPFWEVQT I
    
     
     


 $QSWKNNCUFGCWVQHKLCEKÏP ■


2CTCRTQVGEEKÏPEQPVTCRWPVCUFGUPWFCUFGECDNGUGPVGPUKÏP
2N½UVKEQ
&+08&'

0ÖOFG '#0 &K½OGVTQKPVGTKQT


CTVÉEWNQ  OO OO I
    
     
     


 )WCPVGUFGGNGEVTKEKUVC ■ 2CTCRTQVGEEKÏPEWCPFQUGVTCDCLCDCLQ
VGPUKÏPQEGTECFGGNGOGPVQUEQPEQTTKGPVG
+'%&+0'0 ■
%NCUKHKECEKÏP

0ÖOFG '#0
CTVÉEWNQ  6COCÍQ I
    
    


 /CPVCUCKUNCPVGUFGIQOC ■ 2CTCRTQVGEEKÏPEWCPFQUGVTCDCLCDCLQVGPUKÏP
QEGTECFGGNGOGPVQUEQPEQTTKGPVG
+'%&+0'0

0ÖOFG '#0 &KOGPUKQPGU )TWGUQ


CTVÉEWNQ  OO OO I
   Z  

    Z  


*'44#/+'06#5#+5.#&#5

 5KGTTC27-Š ■ *QLCFGUKGTTCRCTCOGVCN[OCFGTCEQP
FKGPVGURQTRWNICFCKPVGTECODKCDNG
+'%&+0'0

27-ŠGUWPCOCTECTGIKUVTCFCFG,QUGH*CWPUVGVVGT5ÀIGPHCDTKM-)

0ÖOFG '#0 .QPIKVWFFGNCJQLC


 CTVÉEWNQ  OO OO I
     


 /CNGVCEQORCEVC ■


/CNGVCFGRN½UVKEQTGUKUVGPVGCNQUIQNRGU
'SWKRCFQEQPWPCICOCFGJGTTCOKGPVCUCKUNCFCU
RKG\CUEQPJGTTCOKGPVCUCKUNCFCURCTC -0+2':RCTCVTCDCLCTGPKPUVCNCEKQPGUGNÅEVTKECU
VTCDCLCTGPKPUVCNCEKQPGUGNÅEVTKECU ■
4GXGUVKOKGPVQFGGURWOCEQPJWGEQURCTCNCJGTTCOKGPVC
■ %QPUGRCTCFQTHNGZKDNG
+'%&+0'0 ■
&KOGPUKQPGUGZVGTKQTGU
#Z#Z2 ZZOO




0ÖOFG '#0
CTVÉEWNQ  7PKFCFGU I
  /CNGVCEQORCEVCRKG\CU 
      #NKECVGWPKXGTUCN 
   #NKECVGFGEQTVGFKCIQPCN 
   
   &GUVQTPKNNCFQTGURCTCVQTPKNNQURNCPQU 
   
   &GUVQTPKNNCFQTRCTCVQTPKNNQUETWEKHQTOGU2JKNNKRUŠ 
    %CTTCECTGXGTUKDNGEQPEWCFTCFKNNQGZVGTPQFG 
 
  #NCTICFGTCEQPEWCFTCFKNNQKPVGTPQGZVGTPQ
   
 
   
 
  8CUQJGZCIQPCNRCTCVQTPKNNQUFG
   
ECDG\CJGZCIQPCNEQPEWCFTCFKNNQKPVGTPQ
 
   
 
    %WEJKNNQTGEVQRCTCECDNG 


*'44#/+'06#5#+5.#&#5

 'UVWEJGEQORCEVQ ■


/CNGVÉPFGRN½UVKEQTGUKUVGPVGCNQUIQNRGUXGTU½VKNFGCNVCECNKFCF
4GNNGPQFGGURWOCEQPGUVTWEVWTCFGRCPCNRCTCGSWKRCOKGPVQU
RKG\CUEQPJGTTCOKGPVCUCKUNCFCU8&' XCTKCFQU
■ &KOGPUKQPGUGZVGTPCU
#Z#Z2 ZZOO


6QFQUNQUCNKECVGUEQORTQDCFQUUGIÖP&+0'0+'%8
CNKECVGUGPCECDCFQ

.'
5KPJGTTCOKGPVCU


 

0ÖOFG '#0
CTVÉEWNQ  7PKFCFGU I
  'UVWEJGEQORCEVQRKG\CU 
      #NKECVGWPKXGTUCN  
   #NKECVGRGNCECDNGU 
       #NKECVGFGOQPVCLG  
   #NKECVGFGEQTVGFKCIQPCNT 
.'  /CNGVÉPEQORCEVQXCEÉQ  


 /CNGVÉPEQORCEVQ ■


/CNGVÉPFGRN½UVKEQTGUKUVGPVGCNQUIQNRGUXGTU½VKNFGCNVCECNKFCF
4GNNGPQFGGURWOCEQPGUVTWEVWTCFGRCPCNRCTCGSWKRCOKGPVQU
RKG\CURCTCKPUVCNCFQTGUGNÅEVTKEQU XCTKCFQU

&KOGPUKQPGUGZVGTPCU
#Z#Z2 ZZOO


6QFQUNQUCNKECVGUUCNXQNCUVGPCEKNNCUEQORTQDCFQU8&'UGIÖP&+0'0+'%

.'
5KPJGTTCOKGPVCU



0ÖOFG '#0
CTVÉEWNQ  7PKFCFGU /GFKFC I
  /CNGVÉPEQORCEVQRKG\CU 
      #NKECVGWPKXGTUCN  OO 

     #NKECVGFGOQPVCLG  OO


-PKRGZ
     #NKECVGFGEQTVGFKCIQPCN  OO 
  -0+2':#NNKICVQTŠ6GPC\CURCTCDQODCUFGCIWC  OO
  ZZ 
 
OO
  &GUVQTPKNNCFQTGURCTCVQTPKNNQURNCPQUK
ZZ
 9GTC 
OO
  &GUVQTPKNNCFQTGURCTCVQTPKNNQUETWEKHQTOGU 
    2*ZOO
2JKNNKRUŠK2*
.'  /CNGVÉPEQORCEVQXCEÉQ 


*'44#/+'06#5#+5.#&#5

 /CNGVCGUV½PFCTRKG\CU ■
'SWKRCFQEQPWPCICOCFGJGTTCOKGPVCUCKUNCFCU-0+2':
RCTCVTCDCLCTGPKPUVCNCEKQPGUGNÅEVTKECU
EQPJGTTCOKGPVCUCKUNCFCURCTCVTCDCLCT ■ /CNGVCFGRN½UVKEQTGUKUVGPVGCNQUIQNRGU

GPKPUVCNCEKQPGUGNÅEVTKECU ■ 4GXGUVKOKGPVQFGGURWOCEQPJWGEQURCTCNCJGTTCOKGPVC


%QPUGRCTCFQTHNGZKDNG
+'%&+0'0 ■
&KOGPUKQPGUGZVGTKQGTU
#Z#Z2 ZZOO




'#0
0ÖOFGCTVÉEWNQ  7PKFCFGU I
  /CNGVCGUV½PFCTRKG\CU 
      #NKECVGWPKXGTUCN  
   #NKECVGFGEQTVGFKCIQPCN 
    
 
    
  .NCXGHKLC 
    
 
    
  %WEJKNNQRGNCECDNGURCTCECDNGUTGFQPFQU 
    
 
  &GUVQTPKNNCFQTGURCTCVQTPKNNQURNCPQU
    
 
    
   &GUVQTPKNNCFQTRCTCVQTPKNNQUETWEKHQTOGU2JKNNKRUŠ 
    
  /CPIQGP6EQPEWCFTCFKNNQGZVGTPQFG 
    
 
    
8CUQJGZCIQPCNRCTCVQTPKNNQUFGECDG\CJGZCIQPCN
   
EQPEWCFTCFKNNQKPVGTPQ
    
 
    
  %WEJKNNQTGEVQRCTCECDNG 


*'44#/+'06#5#+5.#&#5

 (WPFCRQTVCJGTTCOKGPVCURKG\CU ■


(WPFCFGVGLKFQFGRQN[GUVGTOW[TGUKUVGPVG
%QPEQTTGCCLWUVCDNG[EGTTCFWTCT½RKFC
EQPJGTTCOKGPVCUCKUNCFCURCTCVTCDCLCT ■ 'SWKRCFQEQPWPCICOCFGJGTTCOKGPVCUCKUNCFCU-0+2':

GPKPUVCNCEKQPGUGNÅEVTKECU RCTCVTCDCLCTGPKPUVCNCEKQPGUGNÅEVTKECU
+'%&+0'0




'#0
0ÖOFGCTVÉEWNQ  7PKFCFGU I
  (WPFCRQTVCJGTTCOKGPVCURKG\CU 
      #NKECVGWPKXGTUCN  
   #NKECVGRGNCECDNGU 
       #NKECVGFGOQPVCLG
CNKECVGFGDQECEKIØGÍC  
   #NKECVGFGEQTVGFKCIQPCN 
      %QTVCECDNGUEQPHKNQFGEQTVGFQDNG  
 
    
  .NCXGHKLC 
    
 
    
 
  &GUVQTPKNNCFQTGURCTCVQTPKNNQURNCPQU
    
 
    %WEJKNNQTGEVQRCTCECDNG  


*'44#/+'06#5#+5.#&#5

 /CNGVCWPKXGTUCN 
■ #ECDCFQTGUKUVGPVGFG#$5TQLQGSWKRCFQEQPWPCICOCFGJGTTC
RKG\CUEQPJGTTCOKGPVCUCKUNCFCURCTC OKGPVCU-0+2':RCTCVTCDCLCTGPKPUVCNCEKQPGUGNÅEVTKECUEQORTQ
VTCDCLCTGPKPUVCNCEKQPGUGNÅEVTKECU DCFCUUGIÖP&+0'0+'%CUÉEQOQRTQVGEEKQPGUCFKEKQPCNGU
ITCRCU[IWCPVGU
+'%&+0'0 ■
/CTEQFGCNWOKPKQRGTKOGVTCNEQPCPKNNQUGPHQTOCFG&RCTCHKLCT
WPCEQTTGC[WPCRCTGFKPVGTOGFKCHKTOGGSWKRCDNGGPCODQUNCFQU
EQPOÖNVKRNGURQUKDKNKFCFGUFGCNQLCOKGPVQFGDKFQCNC\QUGN½UVKEQU[
RGSWGÍCUDQNUCU

#UCEQPHQTVCDNG[UQRQTVGKPVGITCFQGPGNHQPFQRCTCWPp6TQNG[q

CTVÉEWNQQREKQPCNCRGFKTDCLQTGHGTGPEKC6 

$KUCITCUOGV½NKECU

%CTICO½ZKOCMI
■ 2WGFGPCDTKTUGCODQUEQORCTVKOGPVQUCNCXG\NCDCPFGLCDCUG[NC

VCRCUGRWGFGPCDTKTKPFGRGPFKGPVGOGPVG

'UVCDNGGPECFCRQUKEKÏPFGCRGTVWTCITCEKCUCNOGECPKUOQFG
DKUCITCSWGGPECLCGPŒQŒRCTCECFCVCRC

%GTTCFWTCFGEQODKPCEKÏPFGPÖOGTQU[EGTTCFWTCUDCUEWNCPVGU
RCTCHKLCTNCVCRC
■ %QORCTVKOGPVQRCTCFQEWOGPVQU[RQTVCJGTTCOKGPVCUFGUOQP

VCDNGUEQPUGRCTCFQTGURCTCJGTTCOKGPVCUGPWPNCFQ
 ■
EKGTTGUDCUEWNCPVGURCTCNCHKLCEKÏPFGNHQPFQ
 ■ %CLCOQPQECUEQCNVWTCOOUGRWGFGUWDFKXKFKTHNGZKDNGOGPVG

VCDNGTQFGEWDKGTVCEQPITCPFGUDQNUCURCTCJGTTCOKGPVCUEQP
UWLGEKÏPOGFKCPVGDQVÏPCWVQO½VKEQ
■ &KOGPUKQPGUGZVGTPCU
#Z#Z2 ZZOO

&KOGPUKQPGUKPVGTPCU
#Z#Z2 Z
  ZOO

6
■ 6TQNNG[VGNGUEÏRKEQRCTCGNVTCPURQTVGTQFCPVGFGOCNGVCU
■ 8½NKFQRCTCNCUOCNGVCU.'/CNGVCRCTCJGTTCOKGPVC
p$+)6YKPq/CNGVCWPKXGTUCN

#UKFGTQCLWUVCDNGGPCNVWTCEQPFKURQUKVKXQFGTGVGPEKÏP
■ (KLCEKÏPFGNCOCNGVCOGFKCPVGOGECPKUOQFGUQRQTVGKPVGITCFQ

RCTCWPT½RKFQOQPVCLGQNKDGTCEKÏP
■ %QPFQUTWGFCUFGOCTEJCUWCXG

■ &KOGPUKQPGUZZ
 OO
FGURNGICFQ

6


*'44#/+'06#5#+5.#&#5
0ÖOFG '#0
CTVÉEWNQ  7PKFCFGU I
  /CNGVCWPKXGTUCNRKG\CU 
      #NKECVGWPKXGTUCN  
  #NKECVGRGNCECDNGU 
     #NKECVGFGEQTVGFKCIQPCN  
    -0+2':#NNKICVQTŠ6GPC\CRCTCDQODCUFGCIWC 
      %QTVCECDNGUEQPHKNQFGEQTVGFQDNG  
 
    
 
.NCXGHKLC
    
 
    

 
    
 
.NCXGFGGUVTGNNCCEQFCFC
    
 
    
  /CPVCCKUNCPVGFGIQOC 
    
 
  &GUVQTPKNNCFQTGURCTCVQTPKNNQURNCPQU
    
 
    
  &GUVQTPKNNCFQTRCTCVQTPKNNQUETWEKHQTOGU2JKNNKRUŠ
 
     /CPIQGP6EQPEWCFTCFKNNQGZVGTPQFG  
  %CTTCECTGXGTUKDNGEQPEWCFTCFKNNQGZVGTPQFG 
    
  #NCTICFGTCEQPEWCFTCFKNNQKPVGTPQGZVGTPQ
 
    
 
    
 
  8CUQJGZCIQPCNRCTCVQTPKNNQUFGECDG\CJGZCIQPCN 
   
EQPEWCFTCFKNNQKPVGTPQ
 
    
 
    
 %WEJKNNQTGEVQRCTCECDNG 
   
 %WEJKNNQRGNCECDNGURCTCECDNGUTGFQPFQU 
  )TCRCFGOCVGTKCNRN½UVKEQ 
   )WCPVGUFGGNGEVTKEKUVC  
.'  /CNGVCWPKXGTUCNXCEÉC 
6  6TQNG[RCTCVTCPURQTVGGPOCNGVCEQPTWGFCU  


'.,7')1
.CUO½SWKPCUƃKRRGTUQPRGSWGÍCUQDTCU
OCGUVTCUFGPVTQFGNCVGEPQNQIÉCRCTCGN
QEKQ %CFC CEEKÏP FGN LWICFQT UG CEQO
RCÍC EQP WPC RQVGPVG VQTOGPVC FG
GHGEVQU'UVKOWNCNQUUGPVKFQU[OQVKXCC

&'.15 NQU LWICFQTGU RCTC OCPVGPGT NC DQNC GP


LWGIQ[EQPUGIWKTNCO½ZKOCRWPVWCEKÏP
.CRGTHGEVCEQPLWPEKÏPFGNW\[UQPKFQUG

5'06+&15 DCUCGPGNUKUVGOCGNGEVTÏPKEQCNVCOGPVG
UGPUKDNG FGN CRCTCVQ 5W OCPVGPKOKGPVQ
EQP NQU CNKECVGU GNGEVTÏPKEQU -0+2':
RGTOKVG EQTVCT [ CICTTCT RCTC SWG NC
FKXGTUKÏPPWPECVGTOKPG


#NKECVGURCTCGNGEVTÏPKEC
2KP\CUFGRTGEKUKÏP

'NGEVTQPKE5WRGT-PKRUŠ'5&                               
#NKECVGUFGRTGEKUKÏPFGEQTVGFKCIQPCNRCTCGNGEVTÏPKEC'5&      
#NKECVGUFGEQTVGFKCIQPCNRCTCGNGEVTÏPKEC'5&               
#NKECVGUFGEQTVGFKCIQPCNRCTCGNGEVTÏPKEC
EQPRNCSWKVCUFGECTDWTQGPNQUƂNQU                        
#NKECVGUFGEQTVGHTQPVCNRCTCGNGEVTÏPKEC'5&                
#NKECVGFGEQTVGQDNKEWQRCTCGNGEVTÏPKEC                     

#NKECVGUFGRTGEKUKÏPFGOQPVCLGRCTCGNGEVTÏPKEC'5&          
#NKECVGUFGOQPVCLGRCTCGNGEVTÏPKEC'5&                   
#NKECVGUFGOQPVCLGRCTCGNGEVTÏPKEC                       

,WGIQUFGCNKECVGURCTCGNGEVTÏPKEC                         

2KP\CUFGRTGEKUKÏP                                   

.CU JGTTCOKGPVCU GNGEVTÏPKECU FG


-0+2': QHTGEGP UQNWEKQPGU XGTU½VKNGU
RCTCGNVTCDCLQGPNQUCRCTCVQUGNÅEVTK
EQUFGUFGGNOCPGLQFGNQUJKNQUJCUVC
NC KPUVCNCEKÏP FG EQORQPGPVGU CNVC
OGPVGUGPUKDNGUFGNQUQTFGPCFQTGU


#.+%#6'52#4#'.'%64¯0+%#


'NGEVTQPKE5WRGT-PKRUŠ ■
#NKECVGUFGRTGEKUKÏPRCTCNQUVTCDCLQUFGEQTVGO½UFGNKECFQUGP
GNGEVTÏPKEC[OGE½PKECFGRTGEKUKÏP
&+0+51 ■ (KNQUTGEVKHKECFQUOW[CHKNCFQUUKPDKUGNRCTCGNEQTVGCNOKUOQPKXGN

■ .CURWPVCUFGEQPHKIWTCEKÏPRTGEKUCEQTVCPVCODKÅPCNCODTGU

EQNKPFCPVGUCRCTVKTFGOOFGFK½OGVTQ

#TVKEWNCEKÏPEQPTGOCEJGFGCEGTQFGITCPECNKFCF
■ (KNQUFGEQTVGVGORNCFQUCFKEKQPCNOGPVGRQTKPFWEEKÏP


/QXKOKGPVQGZVTGOCFCOGPVGUWCXGGXKVCNCHCVKICFGNQRGTCTKQ
■ %QPOWGNNG[NKOKVCEKÏPFGCRGTVWTC

■ &GCEGTQKPQZKFCDNGQFGCEGTQGURGEKCNRCTCJGTTCOKGPVCU


   '5& '5&
#EGTQKPQZKFCDNGFWTG\CCRTQZFGNQU #EGTQGURGEKCNRCTCJGTTCOKGPVCU
HKNQUFGEQTVG*4% DTWÍKFCEQPTGEGRVQTRCTCGXKVCT
NCRÅTFKFCFGCNCODTGUHKNQUFG
'5& EQTVGVGORNCFQUCFKEKQPCNOGPVGRQT
#EGTQKPQZKFCDNGFWTG\CCRTQZFGNQU KPFWEEKÏP&WTG\CCRTQZFGNQUHKNQUFG
HKNQUFGEQTVG*4%EQPTGEGRVQTRCTC EQTVG*4%
GXKVCTNCRÅTFKFCFGCNCODTGU
/QFGNQKPENWUQRCTCCNCODTGFWTQ

(KNQUFGEQTVGVGORNCFQU 
CFKEKQPCNOGPVGRQTKPFWEEKÏP (KNQUFGRTGEKUKÏPEQPDKUGNOW[
&WTG\CCRTQZFGNQUHKNQU*4%EQP RGSWGÍQKPENWUQRCTCCNCODTGFWTQ
'5& ECDG\CGUVTGEJCCEGTQGURGEKCNRCTC CEGTQGURGEKCNRCTCJGTTCOKGPVCU
JGTTCOKGPVCUDTWÍKFC DTWÍKFCFWTG\CFGNQUHKNQUFGCRTQZ
   
*4%

(KNQUFGEQTVGVGORNCFQU 
CFKEKQPCNOGPVGRQTKPFWEEKÏP&WTG\C (KNQUFGRTGEKUKÏPEQPDKUGNOW[
CRTQZFGNQUHKNQU*4%EQPECDG\C RGSWGÍQKPENWUQRCTCCNCODTG
GUVTGEJCEQPTGEGRVQTRCTCGXKVCTNC FWTQEQPTGEGRVQTRCTCGXKVCTNC
RÅTFKFCFGCNCODTGUCEGTQGURGEKCN RÅTFKFCFGCNCODTGUCEGTQGURGEKCN
RCTCJGTTCOKGPVCUDTWÍKFC RCTCJGTTCOKGPVCUDTWÍKFCHKNQUFG
EQTVGVGORNCFQUCFKEKQPCNOGPVGRQT
'5& KPFWEEKÏP&WTG\CCRTQZFGNQUHKNQU
(KNQUFGEQTVGVGORNCFQU FGEQTVG*4%
CFKEKQPCNOGPVGRQTKPFWEEKÏP&WTG\C
  CRTQZFGNQUHKNQUFGEQTVG*4%
VCODKÅPX½NKFQRCTCEQTVCTHKDTCUFG
     60°    XKFTKQ
HKDTCÏRVKEC

  


         

  


         


#.+%#6'52#4#'.'%64¯0+%#

)GQOGVTÉC ÏRVKOCF
)GQOGVTÉCÏRVKOCFGHKNQUEQTVGRTGEKUQ[NKIGTQKPENWUQ
EQPECDNGUVTGP\CFQUUWRGTRWGUVQU
EQPECDNGUVTGP\CFQUUWRGTRW
#ECDCFQ'5&EQPHWPFCUITKUGU[PGITCUFGNQUOCPIQU

4GUVTKEEKÏPFGNCCRGTVWTCRCTC
WPCCPEJWTCGTIQPÏOKECFGN
OCPIQ
4CPWTCURCTCWPCICTTG
HKTOGEQPNKIGTCRTGUKÏP

#NKECVGU'5&
FGUECTICGNGEVTQUV½VKEC
'PGNECUQFGGUVQUCNKECVGUNCGPGTIÉCGNGEVTQUV½VKECGU
FGUXKCFCNGPVC[EQPVTQNCFCOGPVGCVTCXÅUFGNQUOCPIQU
2CTCRTQVGIGTGNGOGPVQUEQPUVTWEVKXQUCHGEVCFQURQTGN
TKGUIQFGFGUECTICGNGEVTQUV½VKEC%QPHQTOGCNCUPQTOCUGP
XKIQTEQOQRGL+'%64&+0'0
52/GVJQF

%CRCEKFCFFGEQTVG &KOGPUKQPGU
0ÖOFG '#0 $ # &
CTVÉEWNQ  OO #NKECVG %CDG\C /CPIQU ´OO ´OO ´OO OO OO OO I
EQPHWPFCUGPFQU 
     RWNKFC      
EQORQPGPVGU
EQPHWPFCUGPFQU 
'5&      RWNKFC      
EQORQPGPVGU
 EQPHWPFCUGPFQU
       RWNKFC      
EQORQPGPVGU
 EQPHWPFCUGPFQU
'5&        RWNKFC      
EQORQPGPVGU
EQPHWPFCUGPFQU 
    60°   RWNKFC      
EQORQPGPVGU
 EQPHWPFCUGPFQU
      DTWÍKFQ     
EQORQPGPVGU
EQPHWPFCUGPFQU  
      DTWÍKFQ     
EQORQPGPVGU
 EQPHWPFCUGPFQU
      DTWÍKFQ      
EQORQPGPVGU
EQPHWPFCUGPFQU
'5&      DTWÍKFQ      
EQORQPGPVGU
EQPHWPFCUGPFQU 
      DTWÍKFQ      
EQORQPGPVGU
 EQPHWPFCUGPFQU
'5&        DTWÍKFQ      
EQORQPGPVGU
 EQPHWPFCUGPFQU
      DTWÍKFQ       
EQORQPGPVGU
EQPHWPFCUGPFQU
      DTWÍKFQ       
EQORQPGPVGU


#.+%#6'52#4#'.'%64¯0+%#

#NKECVGUFGRTGEKUKÏPFGEQTVG
.CHKPCFKHGTGPEKC
FKCIQPCNRCTCGNGEVTÏPKEC .QUCNKECVGUFGRTGEKUKÏP-0+2':RCTCVTCDCLQUGNGEVTÏPKEQUUG
&+0+51 HCDTKECPEQPCEGTQRCTCTQFCOKGPVQUFGCNVCECNKFCF[UGOG
ECPK\CPEQPGNO½ZKOQEWKFCFQ%CFCOQXKOKGPVQFGCRGTVWTC
VTCPUEWTTGUKPLWGIQUWCXG[WPKHQTOGOGPVG%CFCHCUGFGN
VTCDCLQUGTGCNK\CFGHQTOCHKCDNG[RTGEKUCNQSWGHCEKNKVCGN
VTCDCLQCNQURTQHGUKQPCNGU


#NKECVGUFGRTGEKUKÏPRCTCNQUVTCDCLQUFGEQTVGO½UFGNKECFQU
GPGNGEVTÏPKEC[OGE½PKECFGRTGEKUKÏP
■ (KNQUFGTGEVKHKECEKÏPRTGEKUCEQTVCPVGU[NKIGTCOGPVGDKUGNCFQU

    RCTCEQTVGUGZCEVQUGPEQORQPGPVGUGNGEVTÏPKEQUUGPUKDNGU
VCODKÅPUKPDKUGNRCTCEQTVCTCNTCU

(KNQUFGEQTVGVGORNCFQUCFKEKQPCNOGPVGRQTKPFWEEKÏP
&WTG\CCRTQZFGNQUHKNQUFGEQTVG*4%
■ #RTQZWPOGPQUFGRGUQSWGNQUCNKECVGUEQPXGPEKQPCNGU

FGGNGEVTÏPKEC

#TVKEWNCEKÏPTQUECFCEQPUWRGTHKEKGUFGCTVKEWNCEKÏPHCDTKECFCU
EQPGURGEKCNEWKFCFQRCTCWPOQXKOKGPVQWPKHQTOG[FGDCLC
HTKEEKÏPGPVQFCNC\QPCFGCRGTVWTC
  ■
/WGNNGFQDNGFGHWPEKQPCOKGPVQUWCXGRCTCWPCCRGTVWTCNKIGTC[
        WPKHQTOG

(WPFCUGPFQUEQORQPGPVGUGTIQPÏOKECOGPVGQRVKOK\CFCU

(QTLCFQFGETQOQXCPCFKQCEGTQRCTCTQFCOKGPVQU

/KPKECDG\C

%CDG\CTGFQPFC

  'URGEKCNOGPVGCRVQRCTCEQTVCTCNCODTG
FWTQCUÉEQOQEWGTFCFGRKCPQ
        #NCODTGFGEQDTG
 ෘOO
%CDG\CRWPVKCIWFC
%QTVGEQP %QTVGEQP
<  <
2CTCWPTGUWNVCFQFGEQTVGCTCU
UKPDKUGN 
EQTVGCTCU
QRVKOK\CFQFGOCVGTKCNGUDNCPFQU
RCTCOQPVCLGUFGVQNGTCPEKCUGUVTGEJCU
RCTCWPCEQPHKIWTCEKÏPRTGEKUCFGNQU 2CTCWPEQTVGCTCUFG
GZVTGOQUFGNJKNQ OCVGTKCNDNCPFQ
<  (KNQUKPDKUGN

        %CDG\CRWPVKCIWFCEQPTGEGRVQTRCTC (KNQEQPDKUGNOW[RGSWGÍQ
GXKVCTNCRÅTFKFCFGCNCODTGU
%CRCEKFCFFGEQTVG &KOGPUKQPGU
0ÖOFG '#0 $ # &
CTVÉEWNQ  OO #NKECVG %CDG\C /CPIQU ´OO ´OO ´OO ´OO OO OO OO I
EQPHWPFCUGPFQU 
      DTWÍKFQ RWNKFC       
EQORQPGPVGU
EQPHWPFCUGPFQU
       DTWÍKFQ RWNKFC       
EQORQPGPVGU
EQPHWPFCUGPFQU
      DTWÍKFQ RWNKFC        
EQORQPGPVGU
EQPHWPFCUGPFQU
       DTWÍKFQ RWNKFC      
EQORQPGPVGU
EQPHWPFCUGPFQU  
      DTWÍKFQ RWNKFC      
EQORQPGPVGU
EQPHWPFCUGPFQU
       DTWÍKFQ RWNKFC       
EQORQPGPVGU
EQPHWPFCUGPFQU  
      DTWÍKFQ RWNKFC      
EQORQPGPVGU
EQPHWPFCUGPFQU
<      DTWÍKFQ RWNKFC     
EQORQPGPVGU
EQPHWPFCUGPFQU
        DTWÍKFQ RWNKFC       
EQORQPGPVGU
EQPHWPFCUGPFQU  
       DTWÍKFQ RWNKFC      
EQORQPGPVGU


#.+%#6'52#4#'.'%64¯0+%#

#NKECVGUFGRTGEKUKÏPFGEQTVG
#NKECVGU'5&
FGUECTICGNGEVTQUV½VKEC
FKCIQPCNRCTCGNGEVTÏPKEC'5& 'PGNECUQFGGUVQUCNKECVGUNCGPGTIÉCGNGEVTQUV½VKECGU
&+0+51 FGUXKCFCNGPVC[EQPVTQNCFCOGPVGCVTCXÅUFGNQUOCPIQU
2CTCRTQVGIGTGNGOGPVQUEQPUVTWEVKXQUCHGEVCFQURQTGN
TKGUIQFGFGUECTICGNGEVTQUV½VKEC
%QPHQTOGCNCUPQTOCUGPXKIQTEQOQRGL
+'%64&+0'052/GVJQF

/CPIQUEQPFGTKXCEKÏPGNÅEVTKECFKUKRCVKXC
'5&
    
'5&'5& '5&'5&
/KPKECDG\C %CDG\CRWPVKCIWFCEQPTGEGRVQTRCTC
GXKVCTNCRÅTFKFCFGCNCODTGU
'5&'5&
%CDG\CTGFQPFC
'5&
'URGEKCNOGPVGCRVQRCTCEQTVCTCNCODTG
FWTQCUÉEQOQEWGTFCFGRKCPQ
'5& '5& '5&'5&
          %CDG\CRWPVKCIWFC
<'5&
2CTCWPTGUWNVCFQFGEQTVGCTCU
QRVKOK\CFQFGOCVGTKCNGUDNCPFQU
RCTCOQPVCLGUFGVQNGTCPEKCUGUVTGEJCU
RCTCWPCEQPHKIWTCEKÏPRTGEKUCFGNQU
GZVTGOQUFGNJKNQ

'5& '5&
         

'5& <'5&
         

%CRCEKFCFFGEQTVG &KOGPUKQPGU
'#0 $ # &
0ÖOFGCTVÉEWNQ  OO #NKECVG %CDG\C /CPIQU ´OO ´OO ´OO ´OO OO OO OO I
EQPHWPFCUGPFQU 
'5&       DTWÍKFQ RWNKFC       
EQORQPGPVGU
EQPHWPFCUGPFQU
'5&        DTWÍKFQ RWNKFC       
EQORQPGPVGU
EQPHWPFCUGPFQU
'5&       DTWÍKFQ RWNKFC        
EQORQPGPVGU
EQPHWPFCUGPFQU
'5&        DTWÍKFQ RWNKFC      
EQORQPGPVGU
EQPHWPFCUGPFQU  
'5&       DTWÍKFQ RWNKFC      
EQORQPGPVGU
EQPHWPFCUGPFQU
'5&        DTWÍKFQ RWNKFC       
EQORQPGPVGU
EQPHWPFCUGPFQU  
'5&       DTWÍKFQ RWNKFC      
EQORQPGPVGU
EQPHWPFCUGPFQU
<'5&       DTWÍKFQ RWNKFC     
EQORQPGPVGU
EQPHWPFCUGPFQU
'5&         DTWÍKFQ RWNKFC       
EQORQPGPVGU
EQPHWPFCUGPFQU  
'5&        DTWÍKFQ RWNKFC      
EQORQPGPVGU


#.+%#6'52#4#'.'%64¯0+%#

#NKECVGUFGEQTVGFKCIQPCN ■


#TVKEWNCEKÏPCVQTPKNNCFCRCTCCNVCRTGEKUKÏP[TGUKUVGPEKC
2CTCVTCDCLQUFGEQTVGFGCNVCRTGEKUKÏPRGLFGGNGEVTÏPKEC
RCTCGNGEVTÏPKEC [OGE½PKECFGRTGEKUKÏP
■ 
%QPHKNQUCHKNCFQU[TGEVKHKECFQURCTCCNCODTGDNCPFQ
&+0+51
FWTQ[EWGTFCFGRKCPQ

(KNQUFGEQTVGVGORNCFQUCFKEKQPCNOGPVGRQTKPFWEEKÏP
&WTG\CCRTQZFGNQUHKNQUFGEQTVG*4%

%QPFQDNGOWGNNGUKPHTKEEKÏP
■ #EGTQGURGEKCNRCTCJGTTCOKGPVCUHQTLCFQ[VGORNCFQCNCEGKVG


   

6KRQ 6KRQ
%QPDKUGN %QPRGSWGÍQDKUGN

6KRQ 6KRQ
%QPDKUGN[TGEGRVQTRCTCGXKVCTNC %CDG\CGURGEKCNOGPVGGUVTGEJCEQP
RÅTFKFCFGCNCODTGU DKUGN

 
        


#TVKEWNCEKÏPCVQTPKNNCFC
   

%CRCEKFCFFGEQTVG &KOGPUKQPGU
0ÖOFG '#0 # $ &
CTVÉEWNQ  OO 6KRQ #NKECVG /CPIQU ´OO ´OO ´OO ´OO OO OO OO I
       DTWÍKFQ EQPHWPFCUFGRN½UVKEQ        
         DTWÍKFQ EQPHWPFCUFGRN½UVKEQ        
       DTWÍKFQ EQPHWPFCUFGRN½UVKEQ        
        DTWÍKFQ EQPHWPFCUFGRN½UVKEQ       


#.+%#6'52#4#'.'%64¯0+%#

#NKECVGUFGEQTVGFKCIQPCN ■
2CTCVTCDCLQUFGEQTVGFGNKECFQURGLFGGNGEVTÏPKEC[OGE½PKECFG
RTGEKUKÏP
RCTCGNGEVTÏPKEC ■ #TVKEWNCEKÏPTQDWUVCOCEJKJGODTCFC[UKPJQNIWTCU

■ %QPFQDNGOWGNNGUKPHTKEEKÏP
&+0+51 ■
'NRWNKFQQRWNKFQGURGLQ
UÏNQCECDCFQ LWPVQEQPWPCHKPCRGNÉEWNC
FGCEGKVGQHTGEGPNCOGLQTICTCPVÉCFGRTQVGEEKÏPEQPVTCNCQZKFCEKÏP
GXKVCPFQEQTVQEKTEWKVQURQTGNFGUECUECTKNNCFQFGNETQOCFQ

(KNQUFGEQTVGVGORNCFQUCFKEKQPCNOGPVGRQTKPFWEEKÏP&WTG\C
CRTQZKOCFCFGNQUHKNQU*4%
 ■ #EGTQGURGEKCNRCTCJGTTCOKGPVCU

    HQTLCFQ[VGORNCFQCNCEGKVG



%CDG\CTGFQPFCEQPDKUGN

%CDG\CTGFQPFCEQPRGSWGÍQDKUGN

%CDG\CTGFQPFCEQPDKUGN[TGEGRVQT
 GXKVCNCRÅTFKFCFGCNCODTGU
    
%CDG\CRWPVKCIWFCUKPDKUGN


%CDG\CTGFQPFCUKPDKUGN

%CDG\CTGFQPFCUKPDKUGN
FWTG\CCRTQZKOCFCFGNQUHKNQU
FGEQTVG*4%

   %CDG\CRWPVKCIWFCEQPDKUGNRGSWGÍQ
             
%CDG\CRWPVKCIWFCUKPDKUGN
FWTG\CCRTQZKOCFCFGNQUHKNQU
FGEQTVG*4%

%CDG\CTCPWTCFCRNCPCRWPVKCIWFC
EQPDKUGNRGSWGÍQFWTG\CCRTQZKOCFC
FGNQUHKNQUFGEQTVG*4%

   /KPKECDG\CRWPVKCIWFCEQPDKUGN
            RGSWGÍQ

%CRCEKFCFFGEQTVG &KOGPUKQPGU
0ÖOFG '#0 $ # &
CTVÉEWNQ  OO %CDG\C /CPIQU ´OO ´OO ´OO OO OO OO I
         
   RWNKFQGURGLQ TGEWDKGTVQUFGRN½UVKEQ
         

       RWNKFQGURGLQ EQPHWPFCUGPFQUEQORQPGPVGU       

      RWNKFQGURGLQ EQPHWPFCUGPFQUEQORQPGPVGU       

        RWNKFQGURGLQ TGEWDKGTVQUFGRN½UVKEQ       

       RWNKFQGURGLQ EQPHWPFCUGPFQUEQORQPGPVGU       

        
    RWNKFQGURGLQ TGEWDKGTVQUFGRN½UVKEQ
        

      RWNKFQGURGLQ EQPHWPFCUGPFQUEQORQPGPVGU      

       RWNKFQGURGLQ EQPHWPFCUGPFQUEQORQPGPVGU      

      RWNKFQGURGLQ EQPHWPFCUGPFQUEQORQPGPVGU       

        


    RWNKFQGURGLQ EQPHWPFCUGPFQUEQORQPGPVGU

        

      RWNKFQGURGLQ EQPHWPFCUGPFQUEQORQPGPVGU       
 
       RWNKFQGURGLQ EQPHWPFCUGPFQUEQORQPGPVGU     


#.+%#6'52#4#'.'%64¯0+%#

#NKECVGUFGEQTVGFKCIQPCN #NKECVGU'5&
FGUECTICGNGEVTQUV½VKEC
RCTCGNGEVTÏPKEC'5& 'PGNECUQFGGUVQUCNKECVGUNCGPGTIÉCGNGEVTQUV½VKECGU
&+0+51 FGUXKCFCNGPVC[EQPVTQNCFCOGPVGCVTCXÅUFGNQUOCPIQU
2CTCRTQVGIGTGNGOGPVQUEQPUVTWEVKXQUCHGEVCFQURQTGN
TKGUIQFGFGUECTICGNGEVTQUV½VKEC%QPHQTOGCNCUPQTOCUGP
XKIQTEQOQRGL+'%64&+0'0
52/GVJQF


2CTCVTCDCLQUFGEQTVGFGNKECFQURGLFGGNGEVTÏPKEC[OGE½PKECFG
'5& RTGEKUKÏP
    

/CPIQUEQPFGTKXCEKÏPGNÅEVTKECFKUKRCVKXC
■ #TVKEWNCEKÏPTQDWUVCOCEJKJGODTCFC[UKPJQNIWTCU


%QPFQDNGOWGNNGUKPHTKEEKÏP
■ 'NRWNKFQGURGLQGPEQODKPCEKÏPEQPWPCHKPCRGNÉEWNCFGCEGKVGNG

QHTGEGNCOGLQTICTCPVÉCFGRTQVGEEKÏPEQPVTCNCQZKFCEKÏPGXKVCPFQ
EQTVQEKTEWKVQURQTGNFGUECUECTKNNCFQFGNETQOCFQ

(KNQUFGEQTVGVGORNCFQUCFKEKQPCNOGPVGRQTKPFWEEKÏP
&WTG\CCRTQZKOCFCFGNQUHKNQU*4%

/CPIQUEQPHWPFCUFGRN½UVKEQGPEQORQPGPVGUDKEQNQTPGITQITKU
■ #EGTQGURGEKCNRCTCJGTTCOKGPVCUHQTLCFQ[VGORNCFQCNCEGKVG

'5& '5&
'5&
           %CDG\CTGFQPFCEQPRGSWGÍQDKUGN

'5&
%CDG\CTGFQPFCEQPDKUGN[TGEGRVQT
GXKVCNCRÅTFKFCFGCNCODTGU

'5&
%CDG\CTGFQPFCUKPDKUGN

'5&
'5& '5& %CDG\CRWPVKCIWFCEQPDKUGNRGSWGÍQ
         
'5&
%CDG\CRWPVKCIWFCUKPDKUGN

'5&
%CDG\CTCPWTCFCRNCPCRWPVKCIWFC
EQPDKUGNRGSWGÍQ

'5&
/KPKECDG\CRWPVKCIWFCEQPDKUGN
RGSWGÍQ
'5& '5&
         

%CRCEKFCFFGEQTVG &KOGPUKQPGU
0ÖOFG '#0 $ # &
CTVÉEWNQ  OO %CDG\C /CPIQU ´OO ´OO ´OO OO OO OO I
EQPHWPFCUGPFQU
'5&       RWNKFQGURGLQ       
EQORQPGPVGU
EQPHWPFCUGPFQU
'5&         RWNKFQGURGLQ EQORQPGPVGU       

EQPHWPFCUGPFQU 
'5&       RWNKFQGURGLQ      
EQORQPGPVGU
EQPHWPFCUGPFQU
'5&        RWNKFQGURGLQ       
EQORQPGPVGU
EQPHWPFCUGPFQU 
'5&       RWNKFQGURGLQ      
EQORQPGPVGU
EQPHWPFCUGPFQU
'5&        RWNKFQGURGLQ       
EQORQPGPVGU
EQPHWPFCUGPFQU  
'5&       RWNKFQGURGLQ     
EQORQPGPVGU


#.+%#6'52#4#'.'%64¯0+%#

* #NKECVGUFGEQTVGFKCIQPCNRCTC ■
2CTCEQTVCTOCVGTKCNGUFWTQUQVGPCEGURGLEWGTFCFGRKCPQ
CNCODTGFGPÉSWGNQVWPIUVGPQFGWUQECFCXG\O½UHTGEWGPVG
GNGEVTÏPKECEQPRNCSWKVCUFGECTDWTQGPNQUHKNQU GPNCKPFWUVTKCGNGEVTÏPKEC[CGTQP½WVKEC
■ 5KGORTGNCJGTTCOKGPVCFGEQTVGEQTTGEVCKPENWUQRCTCGN
&+0+51
OCVGTKCNO½UFWTQ

(KNQUFGEQTVGFGRTGEKUKÏPFGOGVCNFWTQUQNFCFCUGPRKG\CU
ETWFCUHQTLCFCU

#TVKEWNCEKÏPTQDWUVCOCEJKJGODTCFC[UKPJQNIWTCU
■ &WTG\CFGNQUHKNQUFGEQTVGFGOGVCNFWTQs*4%

■ .QUCNKECVGUEQPRNCSWKVCUFGECTDWTQGPNQUHKNQUVKGPGPWPCXKFCÖVKN

UGPUKDNGOGPVGOC[QTSWGVCNGUEQPHKNQUFGEQTVGEQPXGPEKQPCNGU
* ■
4GUWNVCFQUFGEQTVGUKGORTGHKCDNGUFGDKFQCSWGUGGXKVCP
    FGHQTOCEKQPGUFGNQUHKNQUFGEQTVG

)TCPCJQTTQFGICUVQUFGDKFQCNCOC[QTXKFCÖVKNFGNQUCNKECVGU
**'5& *'5&
%CDG\CTGFQPFCEQPDKUGN %CDG\CRWPVKCIWFCEQPJGPFKFWTC
EQPDKUGNRGSWGÍQ

*
   

*'5&
    

2NCSWKVCUFGECTDWTQ
GPNQUHKNQU

%CRCEKFCFFGEQTVG &KOGPUKQPGU
0ÖOFG '#0 $ # &
CTVÉEWNQ  OO %CDG\C /CPIQU ´OO ´OO ´OO ´OO OO OO OO I
*      EQPHWPFCUGPFQU        
RWNKFQGURGLQ
*'5&       EQORQPGPVGU        
*      EQPHWPFCUGPFQU        
RWNKFQGURGLQ
*'5&       EQORQPGPVGU        
*       EQPHWPFCUGPFQU        
RWNKFQGURGLQ
*'5&        EQORQPGPVGU        


#.+%#6'52#4#'.'%64¯0+%#

#NKECVGUFGEQTVGHTQPVCN ■
#NKECVGUFGRTGEKUKÏPRCTCNQUVTCDCLQUFGEQTVGO½UFGNKECFQUGP
GNGEVTÏPKEC[OGE½PKECFGRTGEKUKÏP
RCTCGNGEVTÏPKEC ■ #TVKEWNCEKÏPOCEJKJGODTCFCRTGEKUC

■ %QPFQDNGOWGNNGUKPHTKEEKÏP
&+0+51 ■
'NRWNKFQQRWNKFQGURGLQ
UÏNQCECDCFQ LWPVQEQPWPCHKPCRGNÉEWNC
FGCEGKVGQHTGEGPNCOGLQTICTCPVÉCFGRTQVGEEKÏPEQPVTCNCQZKFCEKÏP
GXKVCPFQEQTVQEKTEWKVQURQTGNFGUECUECTKNNCFQFGNETQOCFQ

(KNQUFGEQTVGVGORNCFQUCFKEKQPCNOGPVGRQTKPFWEEKÏP
FWTG\COKPFGNQUHKNQU*4%
■ #EGTQGURGEKCNRCTCJGTTCOKGPVCUHQTLCFQ[VGORNCFQCNCEGKVG


 90°    

6KRQ
#NKECVGFGEQTVGHTQPVCNEQPDKUGN

6KRQ
#NKECVGFGEQTVGHTQPVCNOKPKEWEJKNNC
EQPRGSWGÍQDKUGN

6KRQ
#NKECVGFGEQTVGQDNKEWQEQPDKUGN
RGSWGÍQĮŒ
'5&
6KRQ
  90°     #NKECVGFGEQTVGQDNKEWQECDG\CEQTVC
EQPDKUGNRGSWGÍQĮŒ

6KRQ
#NKECVGFGEQTVGQDNKEWQECDG\CEQTVC
UKPDKUGNRCTCEQTVGUCTCUĮŒ

6KRQ
#NKECVGFGEQTVGQDNKEWQOKPKEWEJKNNC
EQPDKUGNRGSWGÍQĮŒ

  6KRQ


 90°      90°      #NKECVGFGEQTVGQDNKEWQOKPKEWEJKNNC
EQPDKUGNRGSWGÍQECDG\CEQPECXKFCF
ĮŒ

6KRQ
#NKECVGFGEQTVGHTQPVCNUKPDKUGN

6KRQ'5&
#NKECVGFGEQTVGHTQPVCNEQPDKUGN
RGSWGÍQ
 
 15°      27°    

  


 27°      65°    


 35°      


#.+%#6'52#4#'.'%64¯0+%#

   

%CRCEKFCFFGEQTVG &KOGPUKQPGU
0ÖOFG '#0 # $ & %
CTVÉEWNQ  OO 6KRQ %CDG\C /CPIQU ´OO ´OO ´OO OO OO OO OO I
TGEWDKGTVQUFG
    90°     RWNKFQGURGLQ        
RN½UVKEQ
EQPHWPFCUGPFQU
    90°      RWNKFQGURGLQ        
EQORQPGPVGU
TGEWDKGTVQUFG 
    90°     RWNKFQGURGLQ       
RN½UVKEQ
EQPHWPFCUGPFQU
    90°      RWNKFQGURGLQ        
EQORQPGPVGU
 EQPHWPFCUGPFQU
'5&  
 90°     RWNKFQGURGLQ
EQORQPGPVGU
       

EQPHWPFCUGPFQU  
    90°     RWNKFQGURGLQ      
EQORQPGPVGU
EQPHWPFCUGPFQU
    15°      RWNKFQGURGLQ        
EQORQPGPVGU
 EQPHWPFCUGPFQU
'5&  
 15°    
 RWNKFQGURGLQ
EQORQPGPVGU
       

EQPHWPFCUGPFQU
    27°     RWNKFQGURGLQ        
EQORQPGPVGU
EQPHWPFCUGPFQU
    27°      RWNKFQGURGLQ      
EQORQPGPVGU
EQPHWPFCUGPFQU  
    65°     RWNKFQGURGLQ      
EQORQPGPVGU
 EQPHWPFCUGPFQU  
'5&  
 65°     RWNKFQGURGLQ
EQORQPGPVGU
     

EQPHWPFCUGPFQU
    35°      RWNKFQGURGLQ      
EQORQPGPVGU


 #NKECVGFGEQTVGQDNKEWQ ■


%QPHKNQUFGEQTVGRCTCCNCODTGDNCPFQ[UGOKFWTQ
5KPDKUGNRCTCEQTVCTCTCU
RCTCGNGEVTÏPKEC ■ (KNQUFGEQTVGVGORNCFQUCFKEKQPCNOGPVGRQTKPFWEEKÏP

FWTG\CFGNQUHKNQUFGCRTQZ*4%
&+0+51 ■ %QPFQDNGOWGNNGUKPHTKEEKÏP


#TVKEWNCEKÏPOCEJKJGODTCFC
RTGEKUC
■ 'NRWNKFQLWPVQEQPWPCHKPCRGN

ÉEWNCFGCEGKVGQHTGEGPNCOGLQT
ICTCPVÉCFGRTQVGEEKÏPEQPVTC
NCQZKFCEKÏPGXKVCPFQEQTVQEKT
EWKVQURQTGNFGUECUECTKNNCFQFGN
ETQOCFQ


#EGTQGURGEKCNRCTCJGTTCOKGP
VCUHQTLCFQ[VGORNCFQCNCEGKVG
 15°    

%CRCEKFCFFGEQTVG &KOGPUKQPGU
0ÖOFG '#0 # $ & %
CTVÉEWNQ  OO %CDG\C /CPIQU ´OO ´OO OO OO OO OO I
    15°    RWNKFC EQPHWPFCUGPFQUEQORQPGPVGU       


#.+%#6'52#4#'.'%64¯0+%#

#NKECVGUFGRTGEKUKÏPFGOQPVCLG
.CHKPCFKHGTGPEKC
RCTCGNGEVTÏPKEC .QUCNKECVGUFGRTGEKUKÏP-0+2':RCTCVTCDCLQUGNGEVTÏPKEQU
&+0+51 UGHCDTKECPEQPCEGTQRCTCTQFCOKGPVQUFGCNVCECNKFCF[
UGOGECPK\CPEQPGNO½ZKOQEWKFCFQ%CFCOQXKOKGPVQFG
CRGTVWTCVTCPUEWTTGUKPLWGIQUWCXG[WPKHQTOGOGPVG%CFC
HCUGFGNVTCDCLQUGTGCNK\CFGHQTOCHKCDNG[RTGEKUCNQSWG
HCEKNKVCGNVTCDCLQCNQURTQHGUKQPCNGU


2CTCVTCDCLQUFGOQPVCLGFGCNVCRTGEKUKÏPRGLFGGNGEVTÏPKEC[
 OGE½PKECFGRTGEKUKÏP
■ 2CTCCICTTCTUWLGVCT[FQDNCT
    

UWRGTHKEKGUFGCICTTGTGEVKHKECFCURNCPCUECPVQUHKPCOGPVG
TGFQPFGCFQU
■ #RTQZWPOGPQUFGRGUQSWGNQUCNKECVGUEQPXGPEKQPCNGU

FGGNGEVTÏPKEC
■ CTVKEWNCEKÏPTQUECFCEQPUWRGTHKEKGUFGCTVKEWNCEKÏPHCDTKECFCU

EQPGURGEKCNEWKFCFQRCTCWPOQXKOKGPVQWPKHQTOG[FGDCLC
HTKEEKÏPGPVQFCNC\QPCFGCRGTVWTC

/WGNNGFQDNGFGHWPEKQPCOKGPVQUWCXGRCTCWPCCRGTVWTC
'5& NKIGTC[WPKHQTOG

(WPFCUGPFQUEQORQPGPVGUGTIQPÏOKECOGPVGQRVKOK\CFCU
      ■ (QTLCFQFGETQOQXCPCFKQCEGTQRCTCTQFCOKGPVQU

6KRQ
$QECURNCPCU[OW[CPEJCU

6KRQ
$QECUUGOKTGFQPFCU

6KRQ
 $QECUTGFQPFCURWPVKCIWFCU
'5&
    
     

#NKECVGU'5&
FGUECTICGNGEVTQUV½VKEC
'PGNECUQFGGUVQUCNKECVGUNCGPGTIÉCGNGEVTQUV½VKECGU
FGUXKCFCNGPVC[EQPVTQNCFCOGPVGCVTCXÅUFGNQUOCPIQU
2CTCRTQVGIGTGNGOGPVQUEQPUVTWEVKXQUCHGEVCFQURQTGN
 TKGUIQFGFGUECTICGNGEVTQUV½VKEC%QPHQTOGCNCUPQTOCUGP
'5& XKIQTEQOQRGL+'%64&+0'0
    
      52/GVJQF

&KOGPUKQPGU
0ÖOFG '#0 $ # & ' (
CTVÉEWNQ  OO 6KRQ #NKECVG %CDG\C /CPIQU OO OO OO OO OO I
        EQPHWPFCUGPFQU      
DTWÍKFQ RWNKFC
'5&         EQORQPGPVGU      
         EQPHWPFCUGPFQU      
DTWÍKFQ RWNKFC
'5&          EQORQPGPVGU      
        EQPHWPFCUGPFQU      
DTWÍKFQ RWNKFC
'5&         EQORQPGPVGU      


#.+%#6'52#4#'.'%64¯0+%#

#NKECVGUFGOQPVCLGRCTCGNGEVTÏPKEC ■ #NKECVGUFGRTGEKUKÏPRCTCNQUVTCDCLQUFGOQPVCLGFGNKECFQU
RGLGPGNGEVTÏPKEC[OGE½PKECFGRTGEKUKÏP
&+0+51 ■ 2CTCCICTTCTUWLGVCT[FQDNCT

■ #TVKEWNCEKÏPOCEJKJGODTCFCRTGEKUC


5WRGTHKEKGFGNCUDQECUNKUC

%CPVQUUKPTGDCDCU
■ %QPFQDNGOWGNNGUKPHTKEEKÏP


'NRWNKFQQRWNKFQGURGLQ
UÏNQCECDCFQ LWPVQEQPWPCHKPC
RGNÉEWNCFGCEGKVGQHTGEGPNCOGLQTICTCPVÉCFGRTQVGEEKÏP
EQPVTCNCQZKFCEKÏPGXKVCPFQEQTVQEKTEWKVQURQTGNFGUECUECTKNNCFQ

FGNETQOCFQ
     ■
#EGTQGURGEKCNRCTCJGTTCOKGPVCUHQTLCFQVGORNCFQCNCEGKVG


    

   


      45°               

 
      45°     

&KOGPUKQPGU
0ÖOFG '#0 $ # & ' (
CTVÉEWNQ  OO %CDG\C /CPIQU OO OO OO OO OO I
       RWNKFQGURGLQ TGEWDKGTVQUFGRN½UVKEQ      
        RWNKFQGURGLQ EQPHWPFCUGPFQUEQORQPGPVGU      
       RWNKFQGURGLQ TGEWDKGTVQUFGRN½UVKEQ      
        RWNKFQGURGLQ EQPHWPFCUGPFQUEQORQPGPVGU      
       RWNKFQGURGLQ TGEWDKGTVQUFGRN½UVKEQ      
        RWNKFQGURGLQ EQPHWPFCUGPFQUEQORQPGPVGU      
    45°     RWNKFQGURGLQ EQPHWPFCUGPFQUEQORQPGPVGU      
        RWNKFQGURGLQ EQPHWPFCUGPFQUEQORQPGPVGU      
       RWNKFQGURGLQ EQPHWPFCUGPFQUEQORQPGPVGU      
        RWNKFQGURGLQ EQPHWPFCUGPFQUEQORQPGPVGU      
    45°     RWNKFQGURGLQ EQPHWPFCUGPFQUEQORQPGPVGU      


#.+%#6'52#4#'.'%64¯0+%#

#NKECVGUFGOQPVCLGRCTCGNGEVTÏPKEC
#NKECVGU'5&
FGUECTICGNGEVTQUV½VKEC
'5& 'PGNECUQFGGUVQUCNKECVGUNCGPGTIÉCGNGEVTQUV½VKECGUFGUXK
&+0+51 CFCNGPVC[EQPVTQNCFCOGPVGCVTCXÅUFGNQUOCPIQU2CTC
RTQVGIGTGNGOGPVQUEQPUVTWEVKXQUCHGEVCFQURQTGNTKGUIQFG
FGUECTICGNGEVTQUV½VKEC%QPHQTOGCNCUPQTOCUGPXKIQTEQ
OQRGL+'%64&+0'052/GVJQF

'5&

#NKECVGUFGRTGEKUKÏPRCTCNQUVTCDCLQUFGOQPVCLGFGNKECFQU
RGLGPGNGEVTÏPKEC[OGE½PKECFGRTGEKUKÏP
      ■ 2CTCCICTTCTUWLGVCT[FQDNCT


/CPIQUEQPFGTKXCEKÏPGNÅEVTKECFKUKRCVKXC

#TVKEWNCEKÏPOCEJKJGODTCFCRTGEKUC
■ 5WRGTHKEKGFGNCUDQECUNKUC


%CPVQUUKPTGDCDCU
■ %QPFQDNGOWGNNGUKPHTKEEKÏP

■ 'NRWNKFQGURGLQGPEQODKPCEKÏPEQPWPCHKPCRGNÉEWNCFGCEGKVG

NGQHTGEGNCOGLQTICTCPVÉCFGRTQVGEEKÏPEQPVTCNCQZKFCEKÏP
GXKVCPFQEQTVQEKTEWKVQURQTGNFGUECUECTKNNCFQFGNETQOCFQ
■ /CPIQUEQPHWPFCUFGRN½UVKEQGPEQORQPGPVGUDKEQNQTPGITQITKU

'5&

#EGTQGURGEKCNRCTCJGTTCOKGPVCUHQTLCFQVGORNCFQCNCEGKVG
     

'5&
     

'5&
  45°     

&KOGPUKQPGU
0ÖOFG '#0 $ # & ' (
CTVÉEWNQ  OO %CDG\C /CPIQU OO OO OO OO OO I
'5&        RWNKFQGURGLQ EQPHWPFCUGPFQUEQORQPGPVGU      
'5&         RWNKFQGURGLQ EQPHWPFCUGPFQUEQORQPGPVGU      
'5&        RWNKFQGURGLQ EQPHWPFCUGPFQUEQORQPGPVGU      
'5&     45°      RWNKFQGURGLQ EQPHWPFCUGPFQUEQORQPGPVGU      


#.+%#6'52#4#'.'%64¯0+%#

#NKECVGUFGOQPVCLGRCTCGNGEVTÏPKEC ■ #NKECVGUFGRTGEKUKÏPRCTC
VTCDCLQUFGOQPVCLG[
&+0+51 TGRCTCEKÏPFGNKECFÉUKOQUGP
NCGNGEVTÏPKEC

2CTCFQDNCT[EQTVCTGZVTGOQU
FGCNCODTGGPEQORQPGPVGU
■ #TVKEWNCEKÏPOCEJKJGODTCFC

RTGEKUC
■ 5WRGTHKEKGFGNCUDQECUNKUC

■ %CPVQUUKPTGDCDCU


%QPFQDNGOWGNNGUKPHTKEEKÏP
 
2CTCFQDNCTCNCODTG

'NRWNKFQGURGLQGPEQODK
   PCEKÏPEQPWPCHKPCRGNÉEWNC
EQPHQTOC[UGRCTCTFG
NCRNCEC FGCEGKVGNGQHTGEGNCOGLQT
ICTCPVÉCFGRTQVGEEKÏPEQPVTC
NCQZKFCEKÏPGXKVCPFQEQTVQEKT
EWKVQURQTGNFGUECUECTKNNCFQFGN
ETQOCFQ
■ #EGTQGURGEKCNRCTCJGTTCOKGP

VCUHQTLCFQ[VGORNCFQCNCEGKVG

 
   2CTCFQDNCT[EQTVCT
CNCODTGFGOO
FGDCLQFGNCRNCEC

 
   2CTCOQTFGT[EQTVCT
CNCODTGFGOO
FGDCLQFGNCRNCEC

%CRCEKFCFFGEQTVG &KOGPUKQPGU
0ÖOFG '#0 . 9 6 9 6
CTVÉEWNQ  OO %CDG\C /CPIQU ´OO OO OO OO OO OO I
     RWNKFQGURGLQ EQPHWPFCUGPFQUEQORQPGPVGU       
      RWNKFQGURGLQ EQPHWPFCUGPFQUEQORQPGPVGU       
     RWNKFQGURGLQ EQPHWPFCUGPFQUEQORQPGPVGU       


#.+%#6'52#4#'.'%64¯0+%#

 ,WGIQUFGCNKECVGURCTCGNGEVTÏPKEC 
RCTVGUEQPVKGPGCNKECVGUFG
RCTCVTCDCLCTEQPEQORQPGPVGUGNGEVTÏPKEQU GNGEVTÏPKEC[WPCRKP\CFGRTGEKUKÏP
GUVWEJGFGVGLKFQFGRQN[GUVGTOW[
TGUKUVGPVGNQUCNKECVGUGUV½PUWLGVQUEQP
EKPVCGN½UVKECEQPEKGTTGFGETGOCNNGTC

2
RCTVGUEQPVKGPGCNKECVGUFG
RTGEKUKÏPFGGNGEVTÏPKECGUVWEJGFG
VGLKFQFGRQN[GUVGTOW[TGUKUVGPVGNQU
CNKECVGUGUV½PUWLGVQUEQPEKPVCGN½UVKEC
EQPEKGTTGFGETGOCNNGTC

2'5&
RCTVGUEQPVKGPGCNKECVGUFG
RTGEKUKÏPFGGNGEVTÏPKEC'5&XGTUKÏP
FGFGUECTICGNÅEVTKECGUVWEJGFGVGLKFQ
FGRQN[GUVGTOW[TGUKUVGPVGNQUCNKECVGU
 2 GUV½PUWLGVQUEQPEKPVCGN½UVKECEQP
EKGTTGFGETGOCNNGTC


RCTVGUEQPVKGPGCNKECVGUFG
GNGEVTÏPKEC'5&XGTUKÏPFGFGUECTIC
GNÅEVTKECGUVWEJGFGVGLKFQFGRQN[GUVGT
OW[TGUKUVGPVGNQUCNKECVGUGUV½P
UWLGVQUEQPEKPVCGN½UVKECEQPEKGTTGFG
ETGOCNNGTC


RCTVGUEQPVKGPGCNKECVGUFG
GNGEVTÏPKEC[FGUVQTPKNNCFQTGUFG
GNÅEVTÏPKECRT½EVKEQOCNGVÉPRN½UVKEQ
TGUKUVGPVGCNQUIQNRGUEQPCNQLCOKGPVQ
FGGURWOC

'5&
RCTVGUEQPVKGPGCNKECVGUFG
GNGEVTÏPKEC'5&[FGUVQTPKNNCFQTGUFG
2'5&  GNÅEVTÏPKEC'5&XGTUKÏPFGFGUECTIC
GNÅEVTKECRT½EVKEQOCNGVÉPRN½UVKEQ
  TGUKUVGPVGCNQUIQNRGUEQPCNQLCOKGPVQ
FGGURWOC

 '5&


0ÖOFG '#0
CTVÉEWNQ  %QPVGPKFQ I
   
2   
2'5&  '5&'5&'5&'5&'5&'5& 
  '5&'5&'5&'5&'5&'5& 
  &GUVQTPKNNCFQTGUZZZZ2*2* 
'5&  '5&'5&&GUVQTPKNNCFQTGUZZZZ2*2* 


2+0<#5&'24'%+5+¯0

2KP\CUFGRTGEKUKÏP ■


5WRGTHKEKGUFGCICTTGNKUCU
#ECDCFQOCVGCPVKTGHNGEVCPVG

2CTCVGEPQNQIÉC5/& RWPVCUGP
½PIWNQFGCRTQZKOCFCOGPVGOO
FGCPEJQKPVGTKQTFGNCUDQECUOCVG
RCTCÏRVKOQCRQ[QCEGTQCNETQOQ
PÉSWGNKPQZKFCDNGCPVKOCIPÅVKEQ

 ECNKFCFFGWUQEQTTKGPVGGPNC
GNGEVTÏPKEC

 45°   
2CTCVGEPQNQIÉC5/& RWPVCUGP
½PIWNQFGCRTQZKOCFCOGPVGOOFG
CPEJQEQPRGTHKNFGCICTTGKPVGITCFQ
RCTCUWLGVCTEQORQPGPVGUEKNÉPFTKEQU
FGOOFGFK½OGVTQKPVGTKQTFG
   NCUDQECUOCVGRCTCÏRVKOQCRQ[Q
 45°      85°   CEGTQCNETQOQPÉSWGNKPQZKFCDNG
CPVKOCIPÅVKEQ
 ECNKFCFFGWUQ
EQTTKGPVGGPNCGNGEVTÏPKEC

0ÖOFG '#0 


CTVÉEWNQ  OO #ECDCFQ I /QTFC\CUFGOOFGCPEJQ
EQPHQTOCFQURCTCUWLGVCTEQORQPGPVGU
    45°  KPQZKFCDNGCPVKOCIPÅVKEQ 
EKNÉPFTKEQUFGOOFGFK½OGVTQ
    45°   KPQZKFCDNGCPVKOCIPÅVKEQ  OCPIQUGUVTKCFQU+PQZKFCDNGCPVK
    KPQZKFCDNGCPVKOCIPÅVKEQCRTWGDCFG½EKFQU  OCIPÅVKEQ[CRTWGDCFG½EKFQU
    85°   KPQZKFCDNGCPVKOCIPÅVKEQ 

6GEPQNQIÉC5/&VÅEPKECFGUQNFCFWTCRCTCEQORQPGPVGUOQPVCFQUGPEKTEWKVQUKORTGUQUUKPCIWLGTQ 2WPVCUEWTXCURWPVCUGZVTCHWGTVGU

5WTHCEG/QWPVGF&GXKEGU KPQZKFCDNGCPVKOCIPÅVKEC


2KP\CUFGRTGEKUKÏPFGRWPVC ■
2CTCVTCDCLQUFGOQPVCLG
FGNKECFQU

#ECDCFQOCVGCPVKTGHNGEVCPVGKPVGTKQT

(QTOCTGEVC FGNCUDQECUOCVGRCTCÏRVKOQCRQ[Q
■ 5WRGTHKEKGUFGCICTTGNKUCU
CEGTQCNETQOQPÉSWGNKPQZKFCDNG
CPVKOCIPÅVKEQ
 ECNKFCFFGWUQ
■ 2WPVCUGZVTGOCFCOGPVGHKPCU
EQTTKGPVGGPNCGNGEVTÏPKEC


#ECDCFQOCVGCPVKTGHNGEVCPVGKPVGTKQT
FGNCUDQECUOCVGRCTCÏRVKOQCRQ[Q
CEGTQCNETQOQPÉSWGNKPQZKFCDNG
  CPVKOCIPÅVKEQ
 ECNKFCFFGWUQ
EQTTKGPVGGPNCGNGEVTÏPKEC
   

#ECDCFQOCVGCPVKTGHNGEVCPVG
KPQZKFCDNGCPVKOCIPÅVKEQ[CRTWGDC
FG½EKFQU

  



      VKVCPKQEQPFWEVKXKFCFGNÅEVTKECOW[
NKIGTCCECDCFQOCVGCPVKTGHNGEVCPVG
KPQZKFCDNGCPVKOCIPÅVKEQ[CRTWGDC
0ÖOFG '#0 FG½EKFQU
CTVÉEWNQ  OO #ECDCFQ I
    KPQZKFCDNGCPVKOCIPÅVKEQ  
0KSWGNCFQCGURGLQ[RWNKFQ
     KPQZKFCDNGCPVKOCIPÅVKEQ 
    KPQZKFCDNGCPVKOCIPÅVKEQCRTWGDCFG½EKFQU 
     6KVCPKQCPVKOCIPÅVKEQCRTWGDCFG½EKFQUKPQZKFCDNG 
    PKSWGNCFQ 


2+0<#5&'24'%+5+¯0

2KP\CUFGRTGEKUKÏPFGRWPVCFGCIWLC ■
2CTCVTCDCLQUFGOQPVCLGOW[
FGNKECFQU

(QTOCTGEVC
■ 2WPVCUGZVTCHKPCU

■ 5WRGTHKEKGUFGCICTTGNKUCU

6KRQCOGTKECPQTQDWUVCHQTOCTGEVC

+PQZKFCDNGCPVKOCIPÅVKEC KPQZKFCDNGCPVKOCIPÅVKEQ[CRTWGDC

#ECDCFQOCVGCPVKTGHNGEVCPVG FG½EKFQU

  
%WTXCURWPVCUVKRQDQECEKIØGÍC
CEGTQCNETQOQPÉSWGNKPQZKFCDNG
CPVKOCIPÅVKEQ
 ECNKFCFFGWUQ
EQTTKGPVGGPNCGNGEVTÏPKECKPVGTKQTFG
   NCUDQECUOCVGRCTCÏRVKOQCRQ[Q

 45°    45°     
2WPVCUEWTXCU
0ÖOFG '#0
CTVÉEWNQ  OO #ECDCFQ I
    KPQZKFCDNGCPVKOCIPÅVKEQ 
     KPQZKFCDNGCPVKOCIPÅVKEQCRTWGDCFG½EKFQU 
    45°  KPQZKFCDNGCPVKOCIPÅVKEQ 
    45°   KPQZKFCDNGCPVKOCIPÅVKEQ 


2KP\CUFGRTGEKUKÏP ■


#RNKECEKÏPWPKXGTUCN
2WPVCUHKPCU
EQPRCUCFQTFGRWPVC ■
5WRGTHKEKGUFGCICTTGEQPTC[CFQHKPQ
■ /CPIQUGUVTKCFQU


(QTOCTGEVCCECDCFQOCVGCPVK
TGHNGEVCPVGKPQZKFCDNGCPVKOCIPÅVKEQ[
  CRTWGDCFG½EKFQU
   

(QTOCTGEVCPKSWGNCFQ


2WPVCUEWTXCUPKSWGNCFQ
 

 45°    45°   2WPVCUEWTXCUTGEWDTKOKGPVQPGITQ
CPVKTGHNGEVCPVG

0ÖOFG '#0
CTVÉEWNQ  OO #ECDCFQ I
    KPQZKFCDNGCPVKOCIPÅVKEQCRTWGDCFG½EKFQU 
     PKSWGNCFQ 
    45°  PKSWGNCFQ 
    45°   PGITQNCECFQ 


2KP\CFGRTGEKUKÏPHQTOCTGFQPFCHKPC ■


2WPVCUTGFQPFCUFGCRTQZKOCFCOGPVGOOFGCPEJQ
5WRGTHKEKGUFGCICTTGNKUCU

+PQZKFCDNGCPVKOCIPÅVKEQ[CRTWGDCFG½EKFQU
■ #EGTQCNETQOQPÉSWGNKPQZKFCDNGCPVKOCIPÅVKEQ

TGUKUVGPVGCNQU½EKFQU

  0ÖOFG '#0
CTVÉEWNQ  OO #ECDCFQ I
KPQZKFCDNGCPVKOCIPÅVKEQ
    
CRTWGDCFG½EKFQU


2+0<#5&'24'%+5+¯0

2KP\CUFGRTGEKUKÏPEQPRWPVCUTQOCU ■


#RNKECEKÏPWPKXGTUCN
(QTOCTGEVC

2KP\CFGLQ[GTQRWPVCUTGFQPFCUFG
■ 2WPVCUCPEJCUTGFQPFCU CRTQZKOCFCOGPVGOOFGCPEJQ
■ /CPIQUGUVTKCFQU
UWRGTHKEKGUFGCICTTGEQPTC[CFQHKPQ
ETW\CFQPKSWGNCFQ


2WPVCUTGFQPFCUFGCRTQZKOCFCOGPVG
OOFGCPEJQUWRGTHKEKGUFGCICTTG
  EQPTC[CFQHKPQPKSWGNCFQ

    


2WPVCUTGFQPFCUFGCRTQZKOCFCOGPVG
OOFGCPEJQUWRGTHKEKGUFGCICTTG
EQPTC[CFQHKPQPKSWGNCFQ


2WPVCUTGFQPFCUFGCRTQZKOCFCOGPVG
  
OOFGCPEJQUWRGTHKEKGUFGCICTTG
      EQPTC[CFQHKPQTGEWDTKOKGPVQPGITQ
CPVKTGHNGEVCPVG
0ÖOFG '#0

CTVÉEWNQ  OO #ECDCFQ I
2WPVCUTGFQPFCUFGCRTQZKOCFCOGPVG
    PKSWGNCFQ  OOFGCPEJQUWRGTHKEKGFGNCU
     PKSWGNCFQ  DQECUTC[CFCCECDCFQOCVGCPVK
    PKSWGNCFQ  TGHNGEVCPVGKPQZKFCDNGCPVKOCIPÅVKEQ[
   PGITQNCECFQ  CRTWGDCFG½EKFQU
 
    KPQZKFCDNGCPVKOCIPÅVKEQCRTWGDCFG½EKFQU 


2KP\CFGRN½UVKEQ ■


2WPVCUVTCRG\QKFCNGUFGCRTQZKOCFCOGPVGOOFGCPEJQ
5WRGTHKEKGFGNCUDQECUTC[CFC

/CPIQUGUVTKCFQU
■ %WGTRQFGRKP\CRN½UVKEQFGWPCUQNCRKG\CTGUKUVGPVGC

VGORGTCVWTCUFGJCUVCŒ%

0ÖOFG '#0
 CTVÉEWNQ  OO #ECDCFQ I
    RN½UVKEQ 
 


2KP\CFGRTGEKUKÏPRWPVCRNCPCTGEVCPIWNCT ■


2KP\CFGOQPVCLG
2WPVCUTGEVCPIWNCTGUFGCRTQZKOCFCOGPVGOOFGCPEJQ

5WRGTHKEKGUFGCICTTGEQPTC[CFQHKPQ

0KSWGNCFQ

#EGTQRCTCOWGNNGUFGCNVCTGUKUVGPEKC


  0ÖOFG '#0
CTVÉEWNQ  OO #ECDCFQ I
    PKSWGNCFQ 


2+0<#5&'24'%+5+¯0
 
2KP\CUFGDQECUETW\CFCU ■
2CTCUWLGVCTRKG\CURGSWGÍCU
UKPRTGUKÏPFGNQUFGFQU
2WPVCUVTCRG\KQFCNGUHQTOCTGEVC
UWRGTHKEKGUFGCICTTGEQPTC[CFQHKPQ
■ 2CTCWPCUWLGEKÏPGHKEC\
OCPIQUGUVTKCFQU
■ 0KSWGNCFQ


#EGTQRCTCOWGNNGUFGCNVC 
 2WPVCUHKPCUHQTOCTGEVCUWRGTHKEKGU
TGUKUVGPEKC
  FGCICTTGEQPTC[CFQHKPQOCPIQUEQP
RKG\CRN½UVKEC


2WPVCUHKPCURWPVCUEWTXCUUWRGTHKEKGU
FGCICTTGEQPTC[CFQHKPQOCPIQUEQP
 RKG\CRN½UVKEC
 

0ÖOFG '#0
CTVÉEWNQ  OO #ECDCFQ I
    PKSWGNCFQ 
     PKSWGNCFQ 

    45°  PKSWGNCFQ 
 45°  


2KP\CUFGRTGEKUKÏPCKUNCFC ■


%QORTQDCFQGIÖP+'%
#KUNCFCURQTKPOGTUKÏPGPRN½UVKEQTGHQT\CFQ
+'% ■ 0KSWGNCFQ


#EGTQRCTCOWGNNGUFGCNVCTGUKUVGPEKC


  

2CTCVTCDCLQUFGOQPVCLGOW[FGNKECFQURWPVCUGZVTCHKPCUHQTOCTGEVC
KPVGTKQTFGNCUDQECUOCVGRCTCÏRVKOQCRQ[Q


(QTOCTGEVCUWRGTHKEKGUFGCICTTGEQPTC[CFQHKPQ

 
2WPVCUEWTXCUUWRGTHKEKGUFGCICTTGEQPTC[CFQHKPQ
  

(QTOCTGEVCUWRGTHKEKGFGNCUDQECUTC[CFC


  45°  


  

0ÖOFG '#0
CTVÉEWNQ  OO #ECDCFQ I
     CKUNCFCURQTKPOGTUKÏPGPRN½UVKEQTGHQT\CFQ 
      CKUNCFCURQTKPOGTUKÏPGPRN½UVKEQTGHQT\CFQ 
     45°  CKUNCFCURQTKPOGTUKÏPGPRN½UVKEQTGHQT\CFQ 
      CKUNCFCURQTKPOGTUKÏPGPRN½UVKEQTGHQT\CFQ 


2+0<#5&'24'%+5+¯0

2KP\CUFGRTGEKUKÏP'5& ■
#EGTQCNETQOQPÉSWGNKPQZKFCDNGCPVKOCIPÅVKEQ
 
ECNKFCFFGWUQEQTTKGPVGGPNCGNGEVTÏPKEC
■ 4GEWDTKOKGPVQ'5&PGITQCPVKTGHNGEVCPVGEQPWPCTGUKUVGPEKCFG

CRTQZ1JO

2WPVCUEGRKNNCFCUCPVKTGHNGEVCPVGU

+PVGTKQTFGNCUDQECUOCVGRCTCÏRVKOQCRQ[Q
■ #EGTQCNETQOQPÉSWGNKPQZKFCDNGCPVKOCIPÅVKEQ
'5&
  45°  

'5& '5&
     

'5& '5&
2CTCVGEPQNQIÉC5/& RWPVCUEWTXCU %WTXCURWPVCUVKRQDQECEKIØGÍC
UWRGTHKEKGUFGCICTTGNKUCU UWRGTHKEKGUFGCICTTGNKUCU
'5& '5& '5& '5&
      2CTCUWLGVCTEQORQPGPVGUEKNÉPFTKEQU 2WPVCUTGFQPFCUFGCRTQZKOCFCOGPVG
FGOOFGFK½OGVTQEQNQECFQUFG OOFGCPEJQHQTOCTGEVC
HQTOCJQTK\QPVCNUWRGTHKEKGUFGCICTTG UWRGTHKEKGUFGCICTTGNKUCU
NKUCUOCPIQUGUVTKCFQU
'5&
'5& 2WPVCUTGFQPFCUFGCRTQZKOCFCOGPVG
(QTOCTGEVCRWPVCUHWGTVGUUWRGTHKEKGU OOFGCPEJQHQTOCTGEVC
FGCICTTGNKUCU UWRGTHKEKGFGNCUDQECUTC[CFCOCPIQU
GUVTKCFQU
'5& '5& '5&
(QTOCTGEVCRWPVCUHKPCUUWRGTHKEKGUFG '5&
     45°   CICTTGNKUCU 2WPVCUTGEVCPIWNCTGUFG
CRTQZKOCFCOGPVGOOFGCPEJQ
'5& UWRGTHKEKGUFGCICTTGEQPTC[CFQHKPQ
2WPVCUFGCIWLCHQTOCTGEVC
UWRGTHKEKGUFGCICTTGNKUCU

'5&
'5& 6KRQCOGTKECPQTQDWUVCRWPVCUNCTICU
'5&
HQTOCTGEVCUWRGTHKEKGUFGCICTTGNKUCU
  
 

'5&
 

0ÖOFG '#0
CTVÉEWNQ  OO #ECDCFQ I
'5&     45°  KPQZKFCDNGCPVKOCIPÅVKEQFKUKRCVKXQ 
'5&      KPQZKFCDNGCPVKOCIPÅVKEQFKUKRCVKXQ 
'5&     KPQZKFCDNGCPVKOCIPÅVKEQFKUKRCVKXQ 
'5&      KPQZKFCDNGCPVKOCIPÅVKEQFKUKRCVKXQ 
'5&     KPQZKFCDNGCPVKOCIPÅVKEQFKUKRCVKXQ 
'5&      KPQZKFCDNGCPVKOCIPÅVKEQFKUKRCVKXQ 
'5&     45°  KPQZKFCDNGCPVKOCIPÅVKEQFKUKRCVKXQ 
'5&      KPQZKFCDNGCPVKOCIPÅVKEQFKUKRCVKXQ 
'5&     KPQZKFCDNGCPVKOCIPÅVKEQFKUKRCVKXQ 
'5&      KPQZKFCDNGCPVKOCIPÅVKEQFKUKRCVKXQ 

6GEPQNQIÉC5/&VÅEPKECFGUQNFCFWTCRCTCEQORQPGPVGUOQPVCFQUGPEKTEWKVQUKORTGUQUUKPCIWLGTQ
5WTHCEG/QWPVGF&GXKEGU


;C UGC RCTC VTCDCLCT GP NCU O½U FWTCU
EQPFKEKQPGU ENKOCVQNÏIKECU
UQN NNWXKC

'37+2#/+'061 RQNXQ GVE  Q RCTC VTCDCLCT GP NC O½U


NWLQUCFGNCUOCPUKQPGU'PCODQUECUQU
UGCRNKECNCOKUOCTGINCWPRTQHGUKQPCN
PQ FGLC PWPEC PCFC CN C\CT 5CDG SWG

  2#4#61&#5 UW OCNGVC FG JGTTCOKGPVCU GU UW JGTTC


OKGPVCFGVTCDCLQ[UWECTVCFGRTGUGP
VCEKÏP%QPWPCOCNGVCFGJGTTCOKGPVCU

.#51%#5+10'5 -0+2': VGPFT½ NC JGTTCOKGPVC EQTTGEVC


RTGRCTCFC[COCPQ[CFGO½UECWUCT½
WPCDWGPCKORTGUKÏPsPQKORQTVCEW½PFQ
PKFÏPFG


5WTVKFQUFGJGTTCOKGPVCU
/CNGVCUFGJGTTCOKGPVCU

(WPFCRQTVCJGTTCOKGPVCU                               
-PKRGZ/KPKU                                        
,WGIQUFGCNKECVGUGPCNQLCOKGPVQFGGURWOC                 
5WTVKFQUFGJGTTCOKGPVC                               
/CNGVCFGJGTTCOKGPVCURCTCKPUVCNCEKQPGUGNÅEVTKECU            
/CNGVCFGJGTTCOKGPVCURCTCCRTGPFKEGURCTCNCKPUVCNCEKÏPGNÅEVTKEC 
/CNGVCFGJGTTCOKGPVCUd'NGEVTKEKUVCq                      
/CNGVCFGJGTTCOKGPVCURCTCKPUVCNCFQTGUGNÅEVTKEQU             

$QNUCFGEKPVWTÏP                                     
$QNUCRQTVCJGTTCOKGPVCU                               
/CNGVCRCTCJGTTCOKGPVCUp0GY%NCUUKE$CUKEq                
/CNGVCRCTCJGTTCOKGPVCUp$CUKEq                         
/CNGVCRCTCJGTTCOKGPVCUp5VCPFCTFq                      
/CNGVCRCTCJGTTCOKGPVCUp%NCUUKENNq                       
/CNGVCRCTCJGTTCOKGPVCUp$+)6YKPq                      
/CNGVCRCTCJGTTCOKGPVCUp$+)6YKP/QXGq                  
/CNGVCFGJGTTCOKGPVCUXCEÉC                            
/CNGVCRCTCJGTTCOKGPVCUp4QDWUVCq                       

7PCU EQPFKEKQPGU CFXGTUCU TGSWKGTGP UQNWEKQPGU


TGUKUVGPVGU 'N p4QDWUVq FG -0+2': RTQVGIG NCU
JGTTCOKGPVCU FG RQNXQ CKTG [ CIWC KPENWUQ DCLQ
VGORGTCVWTCUCODKGPVGGZVTGOCU


5746+&15&'*'44#/+'06#5

 (WPFCRQTVCJGTTCOKGPVCURKG\CU ■


2CTCKPIGPKGTQUGNGEVTKEKUVCU[FGVGNGEQOWPKECEKQPGU
(WPFCFGVGLKFQFGRQN[GUVGTOW[TGUKUVGPVG
■ %QPEQTTGCCLWUVCDNG[EGTTCFWTCT½RKFC

■ %QPVKGPGCNKECVGU[FGUVQTPKNNCFQTGU


#NKECVGUEQPECDG\CUETQOCFCU[OCPIQUEQPHWPFCUFG
RN½UVKEQGPEQORQPGPVGUDKEQNQT
■ &GUVQTPKNNCFQTGUCKUNCFQUEQORTQDCEKÏP8&'UGIÖP

&+0'08



0ÖOFG '#0
CTVÉEWNQ  7PKFCFGU I
  (WPFCRQTVCJGTTCOKGPVCURKG\CU 
  #NKECVGWPKXGTUCN  
 #NKECVGRGNCECDNGU 
   #NKECVGFGOQPVCLG
CNKECVGFGTCFKQ 
   
#NKECVGFGDQECUNCTICU
  
  #NKECVGFGRTGUKÏP
CNKECVGEQPRWPVCFGCIWLC  
 #NKECVGFGEQTVGHTQPVCNGZVTCHWGTVG 
 #NKECVGFGEQTVGFKCIQPCN  
 
  &GUVQTPKNNCFQTGURCTCVQTPKNNQURNCPQU
  
   &GUVQTPKNNCFQTRCTCVQTPKNNQUETWEKHQTOGU2JKNNKRUŠ 


 -0+2':/KPKUGPDQNUCRKG\CU ■
-PKRGZ/KPKUEQOQpRGSWGÍQU
C[WFCPVGUqGPRT½EVKECDQNUCFG
EKPVWTÏP

4GUKUVGPVGVGLKFQFGRQNKÅUVGT
■ %QPEKGTTGFGXGNETQ


%QPUQRQTVGNCVGTCNGN½UVKEQ
RCTCNKPVGTPCUDQNÉITCHQUQ
UKOKNCTGU

%QPRT½EVKECVTCDKNNC

&KOGPUKQPGU
#Z#Z2 
ZZOO

8 8

0ÖOFG '#0
CTVÉEWNQ  7PKFCFGU I
8  -0+2':/KPKUGPDQNUCRKG\CU 
    /KPKVGPC\CNNCXG#NKECVGU[LWGIQFGNNCXGUGPWPCUQNCJGTTCOKGPVC  
  -0+2':%QDTCŠ6GPC\CRCTCDQODCUFGCIWC*KIJVGEJ 
8  -0+2':/KPKUGPDQNUCRKG\CU 
   #NKECVGFGEQTVGFKCIQPCNVKRQGZVTCHWGTVG 
  -0+2':%QDTCŠ6GPC\CRCTCDQODCUFGCIWC*KIJVGEJ 
      
.'  $QNUCFGEKPVWTÏP


5746+&15&'*'44#/+'06#5

 ,WGIQUFGCNKECVGUGPCNQLCOKGPVQFGGURWOC ■


%QPHQTTQFGGURWOCRCTCDCPEQU[ECTTQUFGVCNNGT
2CTCIWCTFCTNCUJGTTCOKGPVCUFGHQTOCQTFGPCFC
■ %CXKFCFGUFGCLWUVGGZCEVQRCTCCNQLCTNQUCNKECVGU

■ &KOGPUKQPGUFGNHQTTQFGGURWOC
#Z#Z2 ZZOO


/CVGTKCNGURWOCDKEQNQTFGRQTQEGTTCFQ

8
CNKECVGUGPCNQLCOKGPVQFGGURWOC
8

8
CNKECVGUFGRTGEKUKÏPRCTCCTCPFGNCUGP
CNQLCOKGPVQFGGURWOC
8

8
VGPC\CUGPCNQLCOKGPVQFGGURWOC

8

0ÖOFG '#0
CTVÉEWNQ  7PKFCFGU I
8  ,WGIQFGCNKECVGUp$CUKEqCNKECVGUGPCNQLCOKGPVQFGGURWOC 
    #NKECVGWPKXGTUCN  
   #NKECVGFGOQPVCLG
CNKECVGFGDQECEKIØGÍC 
   #NKECVGFGEQTVGFKCIQPCNVKRQGZVTCHWGTVG  
  -0+2':%QDTCŠ6GPC\CRCTCDQODCUFGCIWC*KIJVGEJ 
8  ,WGIQFGCNKECVGURCTCCTCPFGNCUCNKECVGUFGRTGEKUKÏPRCTCCTCPFGNCUGPCNQLCOKGPVQFGGURWOC  
, 
    
, #NKECVGFGRTGEKUKÏPRCTCCTCPFGNCURCTCCTCPFGNCUKPVGTKQTGUGPVCNCFTQU 
  90°  , 
  #  
  
# #NKECVGFGRTGEKUKÏPRCTCCTCPFGNCURCTCCTCPFGNCUGZVGTKQTGUGPGLGU 
     90°  #  
8  ,WGIQFGVGPC\CURCTCDQODCUFGCIWCVGPC\CUGPCNQLCOKGPVQFGGURWOC 
    -0+2':5OCTV)TKRŠ6GPC\CRCTCDQODCUFGCIWCCWVQO½VKEC  
  .NCXGOÖNVKRNGCLWUVCDNG 
    -0+2':%QDTCŠ'56GPC\CRCTCDQODCUFGCIWCGZVTCGUDGNVC  


5746+&15&'*'44#/+'06#5

 5WTVKFQUFGJGTTCOKGPVC ■


*GTTCOKGPVCUGPGODCNCLGFGRN½UVKEQEQPVCRCVTCPURCTGPVG
#VTCEVKXCRTGUGPVCEKÏPEQPRGTHQTCEKÏP'WTQGUV½PFCT
■ &KOGPUKQPGU
#Z#Z2 ZZOO

■ /CVGTKCNTQDWUVQGODCNCLGFGECTVÏPKORTGUQ

8,WGIQ$GUVUGNNGT
#NKECVGUFGECDG\CRWNKFCOCPIQUEQP
HWPFCUFGRN½UVKEQCPVKFGUNK\CPVGQGP
EQORQPGPVGUDKEQNQT
8

82CSWGVG%QDTCŠ
#NKECVGUCVTCOGPVCFQUGPITKUOCPIQU
TGEWDKGTVQUFGRN½UVKEQCPVKFGUNK\CPVG
8

82CSWGVG#NNKICVQTŠ
#NKECVGUFGECDG\CRWNKFCOCPIQU
TGEWDKGTVQUFGRN½UVKEQCPVKFGUNK\CPVG
8

,WGIQFGHWGT\C
#NKECVGUEQPECDG\CURWNKFCU[OCPIQU
TGEWDKGTVQUFGRN½UVKEQ



5746+&15&'*'44#/+'06#5


 
 

 

,WGIQFGOQPVCLG ,WGIQ'NGEVTQ ,WGIQFGJGTTCOKGPVCU


#NKECVGUEQPOCPIQUEQPHWPFCUFG 6GPC\CUEQORTQDCFCURQT8&' CKUNCFCU8&'
RN½UVKEQGPEQORQPGPVGUDKEQNQT EQPHQTOGC&+0'0+'%8 *GTTCOKGPVCUEQORTQDCFCURQT8&'
VGPC\CUETQOCFCUOCPIQUEQPHWPFCU EQPHQTOGC&+0'0+'%8
FGFQUEQORQPGPVGU VGPC\CUETQOCFCUOCPIQUEQP
HWPFCUFGFQUEQORQPGPVGUEQP
FGUVQTPKNNCFQTGU9'4#


0ÖOFG '#0
CTVÉEWNQ  7PKFCFGU /GFKFC I
8  ,WGIQ$GUVUGNNGT 
    #NKECVGWPKXGTUCN  OO 
 #NKECVGFGEQTVGFKCIQPCN  OO
-PKRGZ
  -0+2':%QDTCŠ 
   OO
6GPC\CRCTCDQODCUFGCIWC*KIJVGEJ
8   2CSWGVG%QDTCŠ 
    OO 
-0+2':%QDTCŠ -PKRGZ
    OO
6GPC\CRCTCDQODCUFGCIWC*KIJVGEJ
    OO 
8  2CSWGVG#NNKICVQTŠ 
    OO 
-0+2':#NNKICVQTŠ -PKRGZ
   OO
6GPC\CRCTCDQODCUFGCIWC
    OO 
   ,WGIQFGHWGT\C 
     #NKECVGWPKXGTUCNRCTCVTCDCLQURGUCFQU  OO 
  #NKECVGFGEQTVGFKCIQPCNVKRQGZVTCHWGTVG -PKRGZ  OO
  -0+2':%QDTCŠ 
    OO
6GPC\CRCTCDQODCUFGCIWC*KIJVGEJ
  ,WGIQFGOQPVCLG 
    #NKECVGWPKXGTUCN  OO 
#NKECVGFGOQPVCLG -PKRGZ
    OO

CNKECVGFGDQECEKIØGÍC
   #NKECVGFGEQTVGFKCIQPCN  OO 
   ,WGIQ'NGEVTQ 
       #NKECVGWPKXGTUCN  OO 
    #NKECVGFGOQPVCLG -PKRGZ
  OO

CNKECVGFGDQECEKIØGÍC 
      #NKECVGFGEQTVGFKCIQPCN  OO 
  ,WGIQFGJGTTCOKGPVCUCKUNCFCU8&' 
      #NKECVGFGOQPVCLG 
 -PKRGZ  OO

CNKECVGFGDQECEKIØGÍC
   #NKECVGFGEQTVGFKCIQPCN  OO
    ZZOO 
  &GUVQTPKNNCFQTGURCTCVQTPKNNQURNCPQUK
  ZZOO
9GTC
  &GUVQTPKNNCFQTGURCTCVQTPKNNQUETWEKHQTOGU 
    2*ZOO
2JKNNKRUŠK2*


5746+&15&'*'44#/+'06#5

 /CNGVCFGJGTTCOKGPVCURKG\CU ■
%QPVKGPGJGTTCOKGPVCUFGOCTECUFGECNKFCFCNIWPCUCKUNCFCU[
EQORTQDCFCU8&'UGIÖP&+0'0+'%
RCTCKPUVCNCEKQPGUGNÅEVTKECU ■ /CNGVCEQPHQTVCDNGFGEWGTQTGUKUVGPVGCNFGUICUVGEQPDQNUCHTQPVCN

DCPFCUFGUWLGEKÏPCFCRVCDNGU[EKPVQ

$CPFGLCKPHGTKQTEKPECFC

/CNGVCTGHQT\CFCEQPRGTHKNGUFGCNWOKPKQ
■ &KOGPUKQPGUGZVGTKQTGU
#Z#Z2 ZZOO

6.

0ÖOFG '#0
CTVÉEWNQ  7PKFCFGU /GFKFC I
6.  /CNGVCFGJGTTCOKGPVCURKG\CU 
      #NKECVGWPKXGTUCN  OO 
   #NKECVGRGNCECDNGU  OO
  #NKECVGFGOQPVCLG 
      OO
#NKECVGRCTCTCFKQU -PKRGZ
   #NKECVGFGEQTVGFKCIQPCN  OO
    %WEJKNNQTGEVQRCTCECDNG  OO 
 2GNCOCPIWGTCU  OO
   %KPEGNRCTCGNGEVTKEKUVC  ZOO 
4GPPUVGKI
 %KPEGNRCTCCNDCÍKN 
    ZZOO 
 &GUVQTPKNNCFQTGURCTCVQTPKNNQU  ZZOO
    
 RNCPQUK  ZZOO
  ZZOO
   &GUVQTPKNNCFQTGURCTCVQTPKNNQU 9GTC  2*ZOO 
 
 ETWEKHQTOGU2JKNNKRUŠK2*  2*ZOO
   &GUVQTPKNNCFQTGURCTCVQTPKNNQU  ZZOO 
 RNCPQU  ZZOO
   %QORTQDCFQTFGVGPUKÏP  ZZOO 
 /CTVKNNQFGEGTTCLGTQ  I
   /CTVKNNQEKPEGNCFQT  I 
 $TQEJCRNCPC 2KECTF  OO
   'UR½VWNC  OO 
 /GVTQRNGICDNG  O
   5KGTTC27-Š *CWPUVÀVVGT  ZOO 
 %CXKFCFFG[GUQ 0ÒNNG  ZOO


5746+&15&'*'44#/+'06#5

 /CNGVCFGJGTTCOKGPVCURKG\CU ■
/CNGVCEQPHQTVCDNGFGEWGTQTGUKUVGPVGCNFGUICUVGEQPDQNUCHTQPVCN
DCPFCUFGUWLGEKÏPCFCRVCDNGU[EKPVQ
OCNGVCRCTCCRTGPFKEGURCTCNCKPUVCNCEKÏPGNÅEVTKEC ■ 2CTGFHTQPVCNVTCUGTC[VCRCHCDTKECFCUGPRKGNFGXCEWPQPGITQ

■ 2CTGFHTQPVCNUGOKCDCVKDNGEQPCPKNNQUCLWUVCDNGU[DQNUCHTQPVCNRCTC

FQEWOGPVQU

2CTGFHTQPVCNTGHQT\CFCCFKEKQPCNOGPVGEQPRGTHKNGUFGCNWOKPKQ
■ $CPFGLCKPHGTKQTEKPECFC


#UC
■ &KOGPUKQPGUGZVGTKQTGU
#Z#Z2 ZZOO

.'
5KPJGTTCOKGPVCU

5.
%QPVKGPGJGTTCOKGPVCUFGOCTECUFGECNKFCFCNIWPCUCKUNCFCU[EQORTQDCFCU
8&'UGIÖP&+0'0+'%

5.

0ÖOFG '#0
CTVÉEWNQ  7PKFCFGU /GFKFC I
5.  /CNGVCFGJGTTCOKGPVCURKG\CU 
    #NKECVGWPKXGTUCN  OO 
 #NKECVGRGNCECDNGU  OO
   2GNCOCPIWGTCU  OO 
-PKRGZ
   #NKECVGFGOQPVCLG
CNKECVGFGTCFKQ  OO
   #NKECVGFGEQTVGFKCIQPCN  OO 
  %WEJKNNQTGEVQRCTCECDNG  OO
   %KPEGNRCTCGNGEVTKEKUVC  ZOO 
4GPPUVGKI
 %KPEGNRCTCCNDCÍKN  OO
   /CTVKNNQFGEGTTCLGTQ  I 
 /C\Q  I
   $TQEJCRNCPC 2KECTF  OO 
 'UR½VWNC  OO
   .½RK\FGECTRKPVGTQ  EO 
  ZZOO
    ZZOO 
  &GUVQTPKNNCFQTGURCTCVQTPKNNQURNCPQUK
  ZZOO
    ZZOO 
 &GUVQTPKNNCFQTGURCTCVQTPKNNQUETWEKHQTOGU 9GTC  2*ZOO
    
 2JKNNKRUŠK  2*ZOO
 &GUVQTPKNNCFQTGURCTCVQTPKNNQUETWEKHQTOGU  2<ZOO
    
 2Q\KFTKXŠK  2<ZOO
 %QORTQDCFQTFGVGPUKÏP  ZZOO
   5KGTTC27-Š *CWPUVÀVVGT  ZOO 
 %CXKFCFFG[GUQ 0ÒNNG  ZOO
.'  /CNGVCRCTCJGTTCOKGPVCUp0GY%NCUUKE$CUKEqXCEÉC   


5746+&15&'*'44#/+'06#5

 /CNGVCFGJGTTCOKGPVCUp'NGEVTKEKUVCq ■


&KUGÍQTQDWUVQGPOCVGTKCN#$5PGITQ
/CTEQFGCNWOKPKQRGTKOGVTCNFQDNG
RKG\CU ■ $KUCITCUVKRQVTKPSWGVGSWGHWPEKQPCPEQOQUWLGEKQPGURCTCNCVCRC

■ #UCGTIQPÏOKECOW[TGUKUVGPVG


EKGTTGUDCUEWNCPVGUEGTTCDNGUEQPNNCXG

VCDNGTQFGJGTTCOKGPVCGZVTCÉDNGGPNCVCRCEQPDQNUCURCTC
JGTTCOKGPVCUGPGNNCFQFGNHQPFQ[DQNUCUFGJGTTCOKGPVCU
ITCPFGUCUÉEQOQWPCRCTVCFQKPUGTVCFQCRTGUKÏP
CPEJQFG
OO GPGNNCFQFGNCVCRCUWLGVCFQRQTWPDQVÏPCWVQO½VKEQ
■ %CLCOQPQECUEQCNVWTCOOUGRWGFGUWDFKXKFKTHNGZKDNGOGPVG

VCDNGTQFGEWDKGTVCEQPITCPFGUDQNUCURCTCJGTTCOKGPVCUEQP
UWLGEKÏPOGFKCPVGDQVÏPCWVQO½VKEQ
■ 6CRC[UGRCTCFQTRCTCJGTTCOKGPVCUFG%QP2GCTNŠ


%CTICO½ZKOCMI
■ &KOGPUKQPGUGZVGTKQTGU
#Z#Z2 ZZOO

&KOGPUKQPGUKPVGTKQTGU
#Z#Z2 ZZOO


%QPVKGPGJGTTCOKGPVCUFGOCTECCNIWPCUCKUNCFCU[EQORTQDCFCU
8&'UGIÖP&+0'0

.'
5KPJGTTCOKGPVCU

0ÖOFG '#0
CTVÉEWNQ  7PKFCFGU /GFKFC I
  /CNGVCFGJGTTCOKGPVCUp'NGEVTKEKUVCqRKG\CU 
      #NKECVGWPKXGTUCN  OO 
 2GNCECDNGUCWVQCLWUVCDNG  OO
   *GTTCOKGPVCRGNCECDNGUWPKXGTUCN  OO 
      OO
  
  40°     #NKECVGFGOQPVCLG
CNKECVGFGDQECEKIØGÍC
 OO

 #NKECVGFGEQTVGFKCIQPCN  OO


    -PKRGZ 
 #NKECVGFGEQTVGFKCIQPCNVKRQGZVTCHWGTVG  OO
6GPC\CNNCXG#NKECVGU[LWGIQFGNNCXGUGPWPC
   OO
UQNCJGTTCOKGPVC
  -0+2':%QDTCŠ 
   OO
6GPC\CRCTCDQODCUFGCIWC*KIJVGEJ
    %QTVCECDNGUEQPHKNQFGEQTVGFQDNG  OO
  %WEJKNNQTGEVQRCTCECDNGEQPFGEWEJKNNC 
   OO
KPVGTECODKCDNG
ZZ
 
OO
  ZZ 
 
OO
  &GUVQTPKNNCFQTGURCTCVQTPKNNQURNCPQUK
ZZ
 
OO
  ZZ 
 9GTC 
OO
 &GUVQTPKNNCFQTGURCTCVQTPKNNQUETWEKHQTOGU  2*ZOO
   
 2JKNNKRUŠK2*  2*ZOO 
 &GUVQTPKNNCFQTGURCTCVQTPKNNQUETWEKHQTOGU  2<ZOO
   
 2Q\KFTKXŠK  2<ZOO 
ZZ
 %QORTQDCFQTFGVGPUKÏP 
OO
.'  /CNGVCRCTCJGTTCOKGPVCUp5VCPFCTFqXCEÉC   

%QP2GCTNGUWPCOCTECTGIKUVTCFCFG2#4#69'4-5EJÒPGPDCEJ)OD*%Q-)


5746+&15&'*'44#/+'06#5

 /CNGVCFGJGTTCOKGPVCURCTC ■
%QPVKGPGJGTTCOKGPVCUFGOCTECCNIWPCUCKUNCFCU8&'UGIÖP
&+0'0+'%
KPUVCNCFQTGUGNÅEVTKEQURKG\CU ■ 4GUKUVGPVGECTECUCHCDTKECFCGP#$5EQPCTOC\ÏPFGCNWOKPKQ[

TGDQTFGRCTCEJQSWGU

%QORCTVKOGPVQRCTCFQEWOGPVQU[EKPVCUGN½UVKECUFGUWLGEKÏP

UGRCTCFQTRQTVCJGTTCOKGPVCUEQPEKPVCUGN½UVKECUGPCODQUNCFQU
■ VCRCEQPEKPVCUGN½UVKECU[RCÍQFGRTQVGEEKÏPRCTCJGTTCOKGPVCU


#ORNKCDCPFGLCDCUGKPHGTKQTEQPUGRCTCFQTGU
RGLRCTCKPUVTWOGP
VQUFGOGFKFC[EQORTQDCEKÏP 
&KOGPUKQPGUKPVGTPCUZZOO

%KGTTGUOGV½NKEQUHWGTVGU[EGTTCFWTCFGEQODKPCEKÏPFGFÉIKVQU

#UCGTIQPÏOKECOW[TGUKUVGPVG
■ 2KGUGPFQUNCFQU


%QNQTRNCVCCNWOKPKQ



0ÖOFG '#0
CTVÉEWNQ  7PKFCFGU /GFKFC I
  /CNGVCFGJGTTCOKGPVCURCTCKPUVCNCFQTGUGNÅEVTKEQURKG\CU 
  .NCXGRCTCCTOCTKQUFGEQPVTQNRCTC 
  OO
CTOCTKQU[UKUVGOCUFGRCUQGUV½PFCT
    #NKECVGWPKXGTUCN  OO
   2GNCECDNGUCWVQCLWUVCDNG  OO 
 *GTTCOKGPVCRGNCECDNGUWPKXGTUCN  OO
        OO 
#NKECVGFGOQPVCLG
  40°    
CNKECVGFGDQECEKIØGÍC  OO
   -PKRGZ  OO 
  #NKECVGFGEQTVGFKCIQPCN
  OO
  6GPC\CNNCXG#NKECVGU[LWGIQFGNNCXGUGP 
   OO
WPCUQNCJGTTCOKGPVC
-0+2':%QDTCŠ
   OO
6GPC\CRCTCDQODCUFGCIWC*KIJVGEJ
     2KP\CFGRTGEKUKÏP  OO 
%WEJKNNQTGEVQRCTCECDNG
   OO
EQPFGEWEJKNNCKPVGTECODKCDNG
    ZZOO 
  ZZOO
   &GUVQTPKNNCFQTGURCTCVQTPKNNQURNCPQU  ZZOO 
 
 K  ZZOO
    ZZOO 
 9GTC  ZZOO
    2*ZOO 
&GUVQTPKNNCFQTGURCTCVQTPKNNQUETWEKHQTOGU
    2*ZOO
2JKNNKRUŠK2*
    2*ZOO 
 &GUVQTPKNNCFQTGURCTCVQTPKNNQUETWEKHQTOGU  2<ZOO
    
 2Q\KFTKXŠK  2<ZOO


/#.'6#5&'*'44#/+'06#5

 $QNUCFGEKPVWTÏPRCTCFQUCNKECVGU ■


2CTCCNKECVGUJCUVCOONQPIKVWF
4GUKUVGPVGVGLKFQFGRQNKÅUVGT
XCEÉC ■ %QPEKGTTGFGXGNETQ

■ %QPUQRQTVGNCVGTCNGN½UVKEQRCTCNKPVGTPCUDQNÉITCHQUQUKOKNCTGU


%QPRT½EVKECVTCDKNNC

0ÖOFG '#0 #PEJQ #NVWTC 2TQHWPFKFCF


CTVÉEWNQ  OO OO OO I
.'     

.'


 $QNUCRQTVCJGTTCOKGPVCU ■


&GTGUKUVGPVGVGLKFQFGRQNKÅUVGT[EWGTQ
%QPEQORCTVKOKGPVQUJCUVCRCTCJGTTCOKGPVCU
XCEÉC ■
%KPVCUFGEWGTQRCTCJGTTCOKGPVCUTGOCEJCFCU
■ %QPOQUSWGVÏP

0ÖOFG '#0 #PEJQ #NVWTC 2TQHWPFKFCF


CTVÉEWNQ  OO OO OO I
.'     

.'


 /CNGVCRCTCJGTTCOKGPVCU ■ /CNGVCEQPHQTVCDNGFGEWGTQTGUKUVGPVGCNFGUICUVG
EQPDQNUCHTQPVCNDCPFCUFGUWLGEKÏPCFCRVCDNGU[EKPVQ
p0GY%NCUUKE$CUKEqXCEÉC ■
2CTGFHTQPVCNVTCUGTC[VCRCHCDTKECFCUGPRKGNFGXCEWPQPGITQ
■ 2CTGFHTQPVCNTGHQT\CFCCFKEKQPCNOGPVGEQPRGTHKNGUFGCNWOKPKQ


2CTGFHTQPVCNUGOKCDCVKDNGEQPCPKNNQUCLWUVCDNGU[DQNUCHTQPVCN
RCTCFQEWOGPVQU
■ $CPFGLCKPHGTKQTEKPECFC

■ #UC

.'

0ÖOFG '#0 &KOGPUKÏPCPEJQGZVGTKQT &KOGPUKÏPCNVWTCGZVGTKQT &KOGPUKÏPRTQHWPFKFCFGZVGTKQT


CTVÉEWNQ  OO OO OO I
.'     


/#.'6#5&'*'44#/+'06#5

 /CNGVCRCTCJGTTCOKGPVCUp$CUKEq ■


&KUGÍQTQDWUVQGPOCVGTKCN#$5PGITQ
#TOC\ÏPFGCNWOKPKQEQPICPEJQUGPHQTOCd&pRCTCDCPFQNGTCU
XCEÉC ■ %GTTCFWTCFGEQODKPCEKÏPFGPÖOGTQU[EGTTCFWTCU

DCUEWNCPVGURCTCHKLCTNCVCRC

#UCGTIQPÏOKECOW[TGUKUVGPVG

$KUCITCUOGV½NKECU
■ 5WLGEKÏPFGNCVCRCEQPOGE½PKECFGDKUCITC


2QTVCFQEWOGPVQUGPNCVCRC
■ 6CDNGTQFGJGTTCOKGPVCGZVTCÉDNGGPNCVCRCEQPRQTVC

JGTTCOKGPVCU[WPCEKPVCGN½UVKECGPGNNCFQFGNCVCRCEQP
RQTVCJGTTCOKGPVCUGUVTGEJQU[WPQITCPFGGPGNNCFQFGNHQPFQ

$CPFGLCDCUGEQPCNVQOOUWDFKXKUKDNGVCRCEQPRQTVC
JGTTCOKGPVCUITCPFGU[WPEQORCTVKOGPVQRNCPQUWLGVCFQRQT
WPDQVÏPCWVQO½VKEQ
■ %CTICO½ZKOCCFOKUKDNGMI
.'

0ÖOFG '#0 &KOGPUKÏPCPEJQGZVGTKQT


KPVGTKQT &KOGPUKÏPCNVWTCGZVGTKQT
KPVGTKQT &KOGPUKÏPRTQHWPFKFCFGZVGTKQT
KPVGTKQT
CTVÉEWNQ  OO OO OO I
.'  
 
 
 


 /CNGVCRCTCJGTTCOKGPVCUp5VCPFCTFq ■


&KUGÍQTQDWUVQGPOCVGTKCN#$5PGITQ
/CTEQFGCNWOKPKQRGTKOGVTCNFQDNG
XCEÉC ■ $KUCITCUVKRQVTKPSWGVGSWGHWPEKQPCPEQOQUWLGEKQPGURCTCNCVCRC


#UCGTIQPÏOKECOW[TGUKUVGPVG
■ EKGTTGUDCUEWNCPVGUEGTTCDNGUEQPNNCXG

■ VCDNGTQFGJGTTCOKGPVCGZVTCÉDNGGPNCVCRCEQPDQNUCURCTC

JGTTCOKGPVCUGPGNNCFQFGNHQPFQ[DQNUCUFGJGTTCOKGPVCU
ITCPFGUCUÉEQOQWPCRCTVCFQKPUGTVCFQCRTGUKÏP
CPEJQFG
OO GPGNNCFQFGNCVCRCUWLGVCFQRQTWPDQVÏPCWVQO½VKEQ

%CLCOQPQECUEQCNVWTCOOUGRWGFGUWDFKXKFKTHNGZKDNGOGPVG
VCDNGTQFGEWDKGTVCEQPITCPFGUDQNUCURCTCJGTTCOKGPVCUEQP
UWLGEKÏPOGFKCPVGDQVÏPCWVQO½VKEQ

6CRC[UGRCTCFQTRCTCJGTTCOKGPVCUFG%QP2GCTNŠ

%CTICO½ZKOCMI
.'

0ÖOFG '#0 &KOGPUKÏPCPEJQGZVGTKQT


KPVGTKQT &KOGPUKÏPCNVWTCGZVGTKQT
KPVGTKQT &KOGPUKÏPRTQHWPFKFCFGZVGTKQT
KPVGTKQT
CTVÉEWNQ  OO OO OO I
.'  
 
 
 


 /CNGVCRCTCJGTTCOKGPVCUp%NCUUKE++q ■


&KUGÍQTQDWUVQGPOCVGTKCN#$5PGITQ
/CTEQFGCNWOKPKQRGTKOGVTCNFQDNG
XCEÉC ■ $KUCITCUVKRQVTKPSWGVGSWGHWPEKQPCPEQOQUWLGEKQPGURCTCNCVCRC


#UCHKTOGFGXCTKQUEQORQPGPVGUEQPGORWÍCFWTCGORQVTCFC

EKGTTGUDCUEWNCPVGUEGTTCDNGUEQPNNCXG
■ 2QTVCFQEWOGPVQUGPNCVCRC

■ VCDNGTQFGJGTTCOKGPVCGZVTCÉDNGKPNCVCRCEQPRQTVCJGTTCOKGPVCU

%2
ITQUQTOO GPGNNCFQFGNHQPFQ
■ VCDNGTQFGJGTTCOKGPVCGPNCVCRCEQPRQTVCJGTTCOKGPVCU%2


ITQUQTOO GPGNNCFQFGNCVCRC[RQTVCJGTTCOKGPVCU%2

ITQUQTOO GPGNNCFQFGNHQPFQ
■ $CPFGLCDCUGEQPCNVQOOUWDFKXKUKDNGHNGZKDNGOGPVG[VCRC

EQPRQTVCJGTTCOKGPVCU%2
ITQUQTOO GPGNNCFQFGNCVCRC
UWLGVCFQRQTWPDQVÏPCWVQO½VKEQ
■ 6CRC[UGRCTCFQTRCTCJGTTCOKGPVCUFG%QP2GCTNŠ

.' ■
%CTICO½ZKOCMI

0ÖOFG '#0 &KOGPUKÏPCPEJQGZVGTKQT


KPVGTKQT &KOGPUKÏPCNVWTCGZVGTKQT
KPVGTKQT &KOGPUKÏPRTQHWPFKFCFGZVGTKQT
KPVGTKQT
CTVÉEWNQ  OO OO OO I
.'  
 
 
 
%QP2GCTNGUWPCOCTECTGIKUVTCFCFG2#4#69'4-5EJÒPGPDCEJ)OD*%Q-)


/#.'6#5&'*'44#/+'06#5

 /CNGVCRCTCJGTTCOKGPVCUp$+)6YKPq .'

&KUGÍQTQDWUVQGPOCVGTKCN#$5PGITQ
XCEÉC ■
/CTEQFGCNWOKPKQRGTKOGVTCNEQPCPKNNQUGPHQTOCFG&RCTCHKLCT
WPCEQTTGC[WPCRCTGFKPVGTOGFKCHKTOGGSWKRCDNGGPCODQUNCFQU
EQPOÖNVKRNGURQUKDKNKFCFGUFGCNQLCOKGPVQFGDKFQCNC\QUGN½UVKEQU[
RGSWGÍCUDQNUCU

#UCEQPHQTVCDNG[UQRQTVGKPVGITCFQGPGNHQPFQRCTCWPp6TQNG[q

CTVÉEWNQQREKQPCNCRGFKTDCLQTGHGTGPEKC6 

$KUCITCUOGV½NKECU

%CTICO½ZKOCMI
■ 2WGFGPCDTKTUGCODQUEQORCTVKOGPVQUCNCXG\NCDCPFGLCDCUG[NC

VCRCUGRWGFGPCDTKTKPFGRGPFKGPVGOGPVG

'UVCDNGGPECFCRQUKEKÏPFGCRGTVWTCITCEKCUCNOGECPKUOQFG
DKUCITCSWGGPECLCGPŒQŒRCTCECFCVCRC

%GTTCFWTCFGEQODKPCEKÏPFGPÖOGTQU[EGTTCFWTCUDCUEWNCPVGU
RCTCHKLCTNCVCRC
■ %QORCTVKOGPVQRCTCFQEWOGPVQU[RQTVCJGTTCOKGPVCU

FGUOQPVCDNGUEQPUGRCTCFQTGURCTCJGTTCOKGPVCUGPWPNCFQ
.' ■
EKGTTGUDCUEWNCPVGURCTCNCHKLCEKÏPFGNHQPFQ
■ %CLCOQPQECUEQCNVWTCOOUGRWGFGUWDFKXKFKTHNGZKDNGOGPVG

VCDNGTQFGEWDKGTVCEQPITCPFGUDQNUCURCTCJGTTCOKGPVCUEQP
UWLGEKÏPOGFKCPVGDQVÏPCWVQO½VKEQ
■ &KOGPUKQPGUGZVGTPCU
#Z#Z2 ZZOO

&KOGPUKQPGUKPVGTPCU
#Z#Z2 Z
  ZOO

6

6TQNNG[VGNGUEÏRKEQRCTCGNVTCPURQTVGTQFCPVGFGOCNGVCU
■ 8½NKFQRCTCNCUOCNGVCU.'/CNGVCRCTCJGTTCOKGPVC
p$+)6YKPq/CNGVCWPKXGTUCN
■ #UKFGTQCLWUVCDNGGPCNVWTCEQPFKURQUKVKXQFGTGVGPEKÏP

■ (KLCEKÏPFGNCOCNGVCOGFKCPVGOGECPKUOQFGUQRQTVGKPVGITCFQ

RCTCWPT½RKFQOQPVCLGQNKDGTCEKÏP

%QPFQUTWGFCUFGOCTEJCUWCXG
■ &KOGPUKQPGUZZ
 OO
FGURNGICFQ

6

0ÖOFG '#0 &KOGPUKÏPCPEJQGZVGTKQT


KPVGTKQT &KOGPUKÏPCNVWTCGZVGTKQT
KPVGTKQT &KOGPUKÏPRTQHWPFKFCFGZVGTKQT
KPVGTKQT
CTVÉEWNQ  OO OO OO I
.'  
 
  
 
     
6  6TQNG[RCTCVTCPURQTVGGPOCNGVCEQPTWGFCU


/#.'6#5&'*'44#/+'06#5


 /CNGVCFGJGTTCOKGPVC ■


&KUGÍQTQDWUVQGPOCVGTKCN#$5PGITQ
#TOC\ÏPFGCNWOKPKQ[RCTGFEGPVTCNHKLCOGPVGOQPVCFCGUVCDNG
p$+)6YKP/QXGq GSWKRCDNGGPCODQUNCFQUEQPHCEKNKFCFGUXGTU½VKNGURCTCNCKPUGTEKÏP
EQPTWGFCUKPVGITCFCU[GUVTKDQVGNGUEÏRKEQ OGFKCPVGRCUCFQTGUGN½UVKEQU[DQNUKNNQURGSWGÍQU

GUVTKDQGZVGPUKDNGGODWVKFQGPGNHQPFQCUÉEQOQFQUTQFKNNQU5ECVGT
XCEÉC UKVWCFQUGPGNGZVGTKQTFGOCTEJCH½EKN
■ %CTICO½ZKOCMI


2QUKDKNKFCFFGCRGTVWTCWPK[DKNCVGTCN
GPHQTOCFG8 GNHQPFQ[NC
VCRCRWGFGPCDTKTUGRCTEKCNQVQVCNOGPVGFGHQTOCKPFGRGPFKGPVG
GPVTGUÉUGOCPVKGPGXGTVKECNGPVQFCUNCURQUKEKQPGUFGCRGTVWTC
WPCUEWÍCUGURGEKCNGURTQVGIGPGNUWGNQ[RTQRQTEKQPCPWPCRQUKEKÏP
GUVCDNG
■ %GTTCDNG


%QORCTVKOGPVQRCTCFQEWOGPVQU[RQTVCJGTTCOKGPVCUEQP
DQNUKNNQUFGUOQPVCDNGU
■ $CPFGLCDCUGCNVWTCOOUWDFKXKUKDNGHNGZKDNGOGPVGOGFKCPVG

CNOCUUGRCTCFQTCUVCDNGTQFGEWDKGTVGEQPDQNUKNNQURCTC
JGTTCOKGPVCU

.'

0ÖOFG '#0 &KOGPUKÏPCPEJQGZVGTKQT


KPVGTKQT &KOGPUKÏPCNVWTCGZVGTKQT
KPVGTKQT &KOGPUKÏPRTQHWPFKFCFGZVGTKQT
KPVGTKQT
CTVÉEWNQ  OO OO OO I
.'  
 
 
 


/#.'6#5&'*'44#/+'06#5

 $QNUCFGJGTTCOKGPVCUXCEÉC $QNUCRQTVCJGTTCOKGPVCUEQORCEVC
Ŷ %CDGGP-0+2':$KI6YKP

.'.'
[GPQVTCUOCNGVCUEQPXGPEKQ
PCNGUFGJGTTCOKGPVCU
Ŷ %QPDQNUCURQTVCJGTTC

OKGPVCU[RCUCFQTGU
RCTCJGTTCOKGPVCU
Ŷ 2CUCFQTVTCUGTQRCTCUW

HKLCEKÏPGPWPVTQNG[

.'

&KOGPUKÏP &KOGPUKÏP &KOGPUKÏP


CPEJQ CNVWTC RTQHWPFKFCF
0ÖOFG '#0 GZVGTKQT GZVGTKQT GZVGTKQT
CTVÉEWNQ  OO OO OO I
.'     


 /CNGVCRCTCJGTTCOKGPVCUp4QDWUVCq /CNGVCFGRQNKRTQRKNGPQCRVCRCTCXKCLCTGPCXKÏP
TGUKUVGPVGCNQUIQNRGU
XCEÉC
Ŷ *GTOÅVKEQCNRQNXQCKTG[CIWC
Ŷ 8½NXWNCEQORGPUCFQTCFGRTGUKÏPCWVQO½VKEC
Ŷ 4GUKUVGPVGCVGORGTCVWTCUFGŒ%C Œ%
Ŷ %QPFKURQUKVKXQRCTCEQNQECTWPECPFCFQ
Ŷ %QORCTVKOGPVQRCTCFQEWOGPVQUVCDNCUFGJGTTCOKGPVCU

EQPDQNUCURQTVCJGTTCOKGPVCUNKDTGU
Ŷ UGRCTCFQTGUFGCNWOKPKQRCTCNCFKUVTKDWEKÏP

KPFKXKFWCNFGNCDCPFGLCDCUG
Ŷ %CTICO½ZKOCMI

.'

%GTTCFWTCUFGFQUHCUGUH½EKNGUFGCDTKT
sKPENWUQEQPWPCOCPQ

8½NXWNCFGEQORGPUCEKÏPCWVQO½VKECFG
NCRTGUKÏPRGTOGCDNGCNCKTGOKGPVTCU
TGVKGPGGNCIWC

0ÖOFG '#0 &KOGPUKÏPCPEJQGZVGTKQT


KPVGTKQT &KOGPUKÏPCNVWTCGZVGTKQT
KPVGTKQT &KOGPUKÏPRTQHWPFKFCFGZVGTKQT
KPVGTKQT
CTVÉEWNQ  OO OO OO I
.'  
 
 
 


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#NCTICFGTCUCKUNCFCU #NKECVGURCTCCTCPFGNCUITCPFGUGZVGTKQTGUGPGLGU
#NKECVGEQPDQECURNCPCURCTCXKFTKQ #NKECVGURCTCCTCPFGNCUITCPFGUKPVGTKQTGUGPVCNCFTQU
#NKECVGETKORRCTCGPVCNNCTVGTOKPCNGU #NKECVGURCTCCTCPFGNCUKPVGTKQTGUGPVCNCFTQU
#NKECVGFGEQTVGFKCIQPCNRCTCECDNGFGƂDTCÏRVKEC #NKECVGURCTCDKEKENGVCU
#NKECVGFGEQTVGQDNKEWQRCTCGNGEVTÏPKEC #NKECVGURCTCEQTVGUGPd7p
#NKECVGFGOQPVCLGEQPEQTVGEGPVTCN
CNKECVGRCTCVGNÅHQPQ  #NKECVGURCTCGNGEVTÏPKEC
#NKECVGFGOQPVCLGFGRN½UVKEQ #NKECVGURCTCGPUCODNCTRGTƂNGU
#NKECVGFGRTGEKUKÏPRCTCOGE½PKEQU #NKECVGURCTCGPVCNNCTRWPVGTCU
#NKECVGFGRTGUKÏPFGRN½UVKEQ #NKECVGURCTCGPVCNNCTVGTOKPCNGU
#NKECVGFGRTGUKÏPRCTCEQPGEVQTGU5EQVEJNQM #NKECVGURCTCGPVCNNCTVGTOKPCNGUIKTCFQU
#NKECVGRCTCCDTC\CFGTCU #NKECVGURCTCGPVCNNCTVGTOKPCNGUVCODKÅPRCTCVTCDCLCTEQPNCUFQUOCPQU
#NKECVGRCTCCDTC\CFGTCUEQPƂLCFQT #NKECVGURCTCGPVCNNCTVGTOKPCNGUOQFGNQEQTVQ
#NKECVGRCTCEQTVCTXKFTKQ #NKECVGURCTCKPUVCNCEKQPGUGNÅEVTKECU
#NKECVGRCTCGPVCNNCTOKPKEQPGEVQTGU #NKECVGURCTCLQ[GTÉC
#NKECVGRCTCGPVCNNCTVGTOKPCNGU9GUVGTP #NKECVGURCTCOGE½PKEQU
#NKECVGRCTCN½ORCTCUJCNÏIGPCU #NKECVGURCTCRCTVKTXKFTKQ
#NKECVGRGNCECDNGUCWVQO½VKEQ #NKECVGURCTCVGNÅHQPQ
#NKECVGRGNCECDNGUCWVQO½VKEQRCTCECDNGURNCPQU #NKECVGURGNCECDNGU
#NKECVGUEQPDQECURNCPCU #NKECVGURGNCECDNGUCWVQCLWUVCDNGU
#NKECVGUEQPDQECURNCPCUEQPƂNQUFGEQTVG #NKECVGURGNCECDNGUEQPEWEJKNNCUFGHQTOCRTGEKUC
#NKECVGUEQPDQECURNCPCUCIWFCU #NKECVGURGNCECDNGUFGEQTVGFKCIQPCN
#NKECVGUEQPDQECUTGFQPFCU #NKECVGURGNCECDNGUFGRTGEKUKÏP
#NKECVGUEQPDQECUTGFQPFCUEQPƂNQUFGEQTVG #NKECVGURGNCECDNGURCTCHQVQXQNVCKEC
#NKECVGUEQPRWPVCFGCIWLC #NKECVGURWPVKCIWFQU
#NKECVGUFGCLWUVG #NKECVGU4CDKV\
#NKECVGUFGDQECEKIØGÍC #NKECVGUWPKXGTUCNGU
#NKECVGUFGDQECUNCTICU #NKECVGUWPKXGTUCNGUd.KPGOCPoU2NKGTUp
#NKECVGUFGEQTVGFKCIQPCN #NKECVGUWPKXGTUCNGURCTCVTCDCLQURGUCFQU
#NKECVGUFGEQTVGFKCIQPCNEQORCEVQU #NNKICVQTŠ
#NKECVGUFGEQTVGFKCIQPCNRCTCGNGEVTQOGE½PKEC #NNKICVQTŠ:.
#NKECVGUFGEQTVGFKCIQPCNRCTCGNGEVTÏPKEC'5& #[WFCUFGRQUKEKQPCOKGPVQRCTCCNKECVGUFGGPVCNNCLG
#NKECVGUFGEQTVGFKCIQPCNRCTCRN½UVKEQU $CVGTÉCFGTGECODKQRCTC-0+2':G%TKOR
#NKECVGUFGEQTVGFKCIQPCNVKRQGZVTCHWGTVG $+)6YKP
#NKECVGUFGEQTVGHTQPVCN $+)6YKP/QXG
#NKECVGUFGEQTVGHTQPVCNGZVTCHWGTVG $QNUCFGEKPVWTÏP
#NKECVGUFGEQTVGHTQPVCNRCTCGNGEVTÏPKEC'5& %CTTCECTGXGTUKDNGCKUNCFC
#NKECVGUFGEQTVGHTQPVCNRCTCOGE½PKEC %CTTCECTGXGTUKDNGUCKUNCFCU
#NKECVGUFGGNGEVTKEKUVC %K\CNNCRCTCEJCRC
#NKECVGUFGGPVCNNCLGCWVQCLWUVCDNGU %Q$QNVŠ
#NKECVGUFGGPVCNNCLGFGUKUVGOC %QDTCŠ
#NKECVGUFGGPVCNNCLGRCTCHQVQXQNVCKEC %QDTCŠ'5
#NKECVGUFGOQPVCLG %QDTCŠ3WKEM5GV
#NKECVGUFGOQPVCLGEQPƂNQUFGEQTVG %QDTCŠ:.::.
#NKECVGUFGOQPVCLGRCTCGNGEVTÏPKEC %QTVCKPINGVGURCTCRGTƂNGUFGRN½UVKEQ[IQOC
#NKECVGUFGOQPVCLGRCTCGNGEVTÏPKEC'5& %QTVCCNCODTGUEQORCEVQU
#NKECVGUFGRTGEKUKÏPFGEQTVGFKCIQPCNRCTCGNGEVTÏPKEC'5& %QTVCECDNGU
#NKECVGUFGRTGEKUKÏPFGOQPVCLGRCTCGNGEVTÏPKEC'5& %QTVCECDNGU
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#NKECVGUFGRTGEKUKÏPRCTCCTCPFGNCUGZVGTKQTGUGPGLGU %QTVCECDNGUEQPƂNQFGEQTVGFQDNG
#NKECVGUFGRTGEKUKÏPRCTCCTCPFGNCUKPVGTKQTGUGPVCNCFTQU %QTVCECDNGURCTCECDNGVTGP\CFQ
#NKECVGUFGRTGUKÏP %QTVCECDNGURCTCECDNGU$QYFGP
#NKECVGUFGRTGUKÏPRCTCOGE½PKEQUFGRTGEKUKÏP %QTVCFQTEGPVTCNVKRQGZVTCHWGTVG
#NKECVGUFGTCFKQ %QTVCFQTRCTCECDNGFGEKPVC
#NKECVGURCTCCDTC\CFGTCU %QTVCFQTRCTCVWDQUƃGZKDNGU[FGRTQVGEEKÏP
#NKECVGURCTCCTCPFGNCUFGCICTTGGPGLGU %QTVCPVGRCTCRN½UVKEQU
#NKECVGURCTCCTCPFGNCUGURGEKCNGU %QTVCPVGRCTCXCTKNNCUFGGPEQHTCFQ
#NKECVGURCTCCTCPFGNCUGZVGTKQTGUGPGLGU %QTVCPVGUWPKXGTUCNGU


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%QTVCVWDQURCTCVWDQUEQODKPCFQU[FGRN½UVKEQ 2KP\CUFGRTGEKUKÏP
%QTVCVWDQURCTCVWDQUEQODKPCFQU[FGRTQVGEEKÏP 2KP\CURGNCECDNGU
%QTVCVWDQURCTCVWDQUFGRN½UVKEQ 2TGEK(QTEGŠ
%QTVCVWDQURCTCVWDQUƃGZKDNGU[FGRTQVGEEKÏP 2TQƂ-G[
%QTVCXCTKNNCU 5CECDQECFQUFGTGXQNXGT
%WEJKNNQURGNCECDNGUCKUNCFQU 5KGTTC27-Š
&GUVQTPKNNCFQTGUCKUNCFQU 5OCTV)TKRŠ
G%TKOR 5WRGT-PKRUŠ
'NGEVTQPKE5WRGT-PKRUŠ'5& 5WTVKFQUFGGPVCNNCLG
'UVWEJGUEQPCNKECVGUFGGNGEVTÏPKEC 5WTVKFQUFGJGTTCOKGPVCU
*GTTCOKGPVCFGOQPVCLGRCTCEQPGEVQTGU/% 6GPC\CFGJGTTGTQ
*GTTCOKGPVCFGRTGUKÏP 6GPC\CNNCXG:.
*GTTCOKGPVCFGRTGUKÏPRCTCENCXKLCUEQCZKCNGU 6GPC\CNNCXGCKUNCFCU
*GTTCOKGPVCRCTCCTCPFGNCU 6GPC\CRCTCCNHCTGTQU
*GTTCOKGPVCRCTCRGNCTECDNGUEQCZKCNGU 6GPC\CRCTCECTRKPVGTQ
*GTTCOKGPVCRGNCECDNGUWPKXGTUCN 6GPC\CRCTCECTTQEGTÉCU
*GTTCOKGPVCUCKUNCFCU 6GPC\CRCTCNCFTKNNQU
*GTTCOKGPVCURCTCHQVQXQNVCKEC 6GPC\CRCTCRGTHQTCTC\WNGLQU
*GTTCOKGPVCUUQNCTGU 6GPC\CRCTCVWDGTÉCURCTCVWDQUFGRN½UVKEQ[EQPGEVQTGU
,WGIQFGCNKECVGUGPCNQLCOKGPVQFGGURWOC 6GPC\CRKEQFGNQTQ
,WGIQFGCNKECVGURCTCCTCPFGNCUGPCNQLCOKGPVQFGGURWOC 6GPC\CUFGHWGT\CRCTCCTOCFQTGU
,WGIQFGJGTTCOKGPVCUFGOQPVCLGRCTCEQPGEVQTGUUQNCTGU/% 6GPC\CUNNCXG
,WGIQUFGCNKECVGUFGRTGEKUKÏPRCTCCTCPFGNCU 6GPC\CURCTCCTOCFQTGU
,WGIQUFGCNKECVGURCTCCTCPFGNCU 6GPC\CURCTCDQODCUFGCIWC
.½ORCTC.'&OCIPÅVKEC 6GPC\CURCTCDQODCUFGCIWCEQPCTVKEWNCEKÏPCECPCNCFC
.NCXGCLWUVCDNGCKUNCFCU 6GPC\CURCTCECTRKPVGTQ
.NCXGFKPCOQOÅVTKECCKUNCFC 6GPC\CURCTCUKHQPGU
.NCXGOÖNVKRNGCLWUVCDNG 6GPC\CURCTCVWDGTÉCU
.NCXGWPKXGTUCN 6GPC\CUVKRQ4CDKV\
.NCXGUFGGUVTGNNCCEQFCFCUCKUNCFCU 6GTOKPCNGU
.NCXGUƂLCUCKUNCFCU 6KLGTCRGNCECDNGURCTCGNGEVTÏPKEC
.NCXGURCTCCTOCTKQUFGEQPVTQN 6KLGTCUFGGNGEVTKEKUVC
.NCXGURCTCCTOCTKQUFGEQPVTQNGPHQTOCFGDQNÉITCHQ 6KLGTCURCTCƂDTCU-'8.#4Š
.NCXGURCTCVWDQU 6YKP(QTEGŠ
.NCXGURCTCVWDQUGPHQTOCFG5 6YKP-G[Š
/CNGVCFGJGTTCOKGPVCURCTCCRNKECEKQPGUHQVQXQNVCKEC/% 8CUQUJGZCIQPCNGUCKUNCFQU
/CNGVCFGJGTTCOKGPVCURCTCCRNKECEKQPGUHQVQXQNVCKECU :%WVŠ
/CNGVCUFGJGTTCOKGPVCU
/CPIQUGP6CKUNCFQU
/KPKRGNCECDNGU
/QTFC\CUITKR
/QTFC\CUITKRRCTCUQNFCFWTC
/QTFC\CUITKRWPKXGTUCNGU
/QTFC\CUKPVGTECODKCDNGU
/WNVK%TKORŠ
/WNVK5VTKR 5KPPWGUVTCCWVQTK\CEKÏPPQGUV½RGTOKVKFQTGRTQFWEKT
2CSWGVG#NNKICVQTŠ GNECV½NQIQPKRCTVGUFGNOKUOQFGPKPIÖPOQFQ
2GNCECDNGURCTCECDNGUFGƂDTCÏRVKEC
5GTGUGTXCGNFGTGEJQFGTGCNK\CTOQFKƂECEKQPGUVÅEPKECU
2GNCECDNGURCTCGNGEVTÏPKEC [OQFGNQUFKHGTGPVGU
2GNCECDNGURCTCƂDTCÏRVKEC
2GNCOCPIWGTCU .CUKO½IGPGUNCUFKOGPUKQPGU[NQURGUQUUQNCOGPVG
2GNCOCPIWGTCURCTCECDNGUFGFCVQU UQPCRTQZKOCFQU5KPCUWOKTICTCPVÉCURQTGTTQTGUFG
KORTGPVC[GSWKXQECEKQPGU
2GNCOCPIWGTCURCTCECDNGURNCPQU[TGFQPFQU
2GNCOCPIWGTCUWPKXGTUCNRCTCECDNGUFGEQPUVTWEEKÏPGKPFWUVTKC +ORTGUQGPNC4GRÖDNKEC(GFGTCNFG#NGOCPKC
2KP\CFGRN½UVKEQ
2KP\CU -0+2':9GTM%)WUVCX2WVUEJ-)


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CNKECVGUFGEQTVG
6GPC\CURNCPCUCNKECVGUFGDQECUNCTICU
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ECTRKPVGTQGVE
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'NTGOCEJGHQTOCRCTVGFGNDTC\QFG
NCVGPC\C
HQTLCFQFGWPCUQNCRKG\C
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RGUCFQU
■ NCTICXKFCÖVKN

4GOCEJGKPUGTVCFQ
7PCWPKÏPTGOCEJCFCFGOQUVTCFC
GUVCDNG[RTGEKUCRCTCVQFCUNCU
CNKECVGUEQOWPGU #NKECVGUEQODKPCFQU 6GPC\CUGURGEKCNGU
RCTC UGRCTCT [ CICTTCT
CNKECVGU WPKXGT RCTCCRNKECEKQPGUGURGEKCNGURGLEQTVCT
UCNGUFGDQECEKIØGÍC[FGTCFKQGVE QGUVCORCTFKHGTGPVGUOCVGTKCNGU
EK\CNNC
#TVKEWNCEKÏPCVQTPKNNCFC RCTCEJCRCVGPC\CRCTCRGTHQTCTC\WNG
2CTCWPQUTGSWKUKVQUGURGEKCNOGPVG LQUGVE
GNGXCFQUFGRTGEKUKÏP[OCTEJC
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