! ' #%(''
( ( ( ( ( ( ( ( $ (
( $( (( (( (($ ($(
(
((($ ( ( ((( ( ( $((
( (($
! #(##%
(( ( (($(
( ( ((( ( ( ((( $
TI8(NKDGKPLGJOF(HGKEG@C(D(;I8(9F@(AKJQL@;FKQ(JHHKG;(KJQE(H8KH?8(FQ(
I8?HFQE(;I8FG(7KCCJQF;F86(4FQLAJ?(KA(;I8(DJLE8;(@QL(;I8(H87FAF7(KA(KJG(
;@GE8;(@JLF8Q78U(:8(L87FL8L(;K(L8?F38G(;I8(C8@E8(:I8G8(28QS(A88?(CK;(
7KCAKG;@D?8(
187@J8(
AKG( ;I8CU( K7F@?( C8LF@( F( QK;( KQ?( @( :@( KA( R88HFQE( FQ( ;KJ7I( :F;I( ;I8FG(
AGF8QL( KG( AK??K:FQE( ;I8FG( A@3KJGF;8( KHFQFKQ( ?8@L8G6( 0;/( @( H?@;AKGC( ;I@;
(BI@;(LK(;I8(@??(I@38(FQ(7KCCKQM(TI8(
@G8( 8.7F;8L( AKG( JCC8GU( :@Q;( ;K( 7I@QE8( ;I8FG( ?F38( @QL( ?K38( ;K( H?@( :F;I(
TFRTKR(AF?;8G5
B8(:8Q;(KJ;(;I8G8(@QL(LFL(KJG(K:Q(G88@G7IU(AGKC(:IF7I(F;(F(@A8(;K(7KQ7?JL8(
;I@;( KJG( ;@GE8;( @JLF8Q78( F( :KR8( @QL( G8@?F8( IK:( LKFQE( EKKL( L88L( 7@Q(
7I@QE8( H8KH?8/( ?F38U( ;I8FG( ?F38,( ;I8FG( AJ;JG86( 1J;( :F;I( I8@3( FQ;8GQ@;FKQ@?(
;KHF7( *?FR8( E?KD@?( :@GCFQEU( )21T+U( 8;766-( KQ( K7F@?( C8LF@( C@@EFQE( ;I8C(
AGKC( @( 38G( KJQE( @E8U( ;I8( D8?F838( ;I@;( KQ?( DFE( ;IFQE( C@;;8GU( @QL( ;I8(
LKQ/;(RQK:(IK:(;K(;IFQR(C@??6(TI8G8AKG8U(
(=QL(
KC8;FC8( ;I8( 7@Q( D8( @AG@FL( ;I8( 7@Q/;( LK( F;( :IF?8( EKFQE( ;K( 7IKK?6( TI8(
Q88L(;K(I@38(@(G8;8L(CFQL(AKG(J7I(@(L87FFKQ6
efdh(hb``_c(gd^^(
]f[Z_(YXbc(^dW_
bh_c(
Z_[_ce_j(
]X[e_[e
XcZ[d](
vXheh
©ž#©‘
(””( $( (
((
( ( (
© („©(#( ©š£
©(%© ž¨
‚( (( (
¨(
#š¨(
㩬
F(@(HKHJ?@G(AKGC@;(@CKQE(KJG(;@GE8;(@JLF8Q786(
0;(HG88Q;(@(ÈJ8;FKQÇ;KHF7(@QL(E8Q8G@;8(G@QLKC(@Q:8G(;I@;(7@Q(IK:(
:IF7I(NFQ8(7I@G@7;8G(;I8(@7;(?FR8U(:I@;(;H8(KA(@(AGF8QLÇH@G;Q8G(;I8(@G8U(
:IK(F(;I8FG(HFGF;(@QFC@?U(:I@;(;I8FG(AJ;JG8(IK?L(AKG(;I8C666(KG666(
( ½JG( 7J;KC( G@QLKCF8G( AF?;8G( @Q:8G( ;I8(
ÈJ8;FKQ(ÄIK:(:F??(;IF(JCC8G(7I@QE8(KJG(?FA8Ä(@QL(G@QLKC?(E8Q8G@;8(
LFAA8G8Q;(FL8@(KQ(IK:(;I8(J8G(7@Q(I8?H(;I8FG(7KCCJQF;(@QL(I@H8(;I8FG(
AJ;JG86(TI8(KAA8G8L(@7;F3F;F8(I@HH8Q(FQ(DFEE8G(EGKJH(*¹¼-(@QL(JJ@??(G8ÈJFG8(
JHHKG;6(TI@;(F(:I8G8(@(7?8@G(7@??(;K(@7;FKQ(7KC8(FQ(@QL(FQ3F;8(;I8C(;K(ËKFQ(
;I8( NKDGKPLGJOF( EGKJHU( ;@G;( ;I8FG( JCC8G( 7I@??8QE8U( @QL( ;@G;( 7I@QEFQE(
;I8FG(?F385
(:FL8?(HG8@L(;I8(C8@E8(@DKJ;(NKDGKPLGJOFU(R88H(F;(KQ?FQ8(
;K(8QJG8( U(@QL(LK(F;( K(;I@;(KJG(@LP
FCCJQ8(@JLF8Q78(LK8Q/;(G8@?F8(F;/(@(7@CH@FEQ(@QL(@7;J@??(E8;(FQHFG8L6(
±?838G?( J8( ;I8( DJLE8;( ;K( E8Q8G@;8( 8QKJEI( C8Q;FKQU( ­®( @QL( E8Q8G@?(
@:@G8Q8(@DKJ;(;I8(HGKË87;5
±J;KCPC@L8(G@QLKCF8G(AF?;8GU(:IF7I(F(KGE@QF7@??(J8L(D(KJG(;@GE8;(
@JLF8Q786(B8/??(@?K(@R(KJG(T=/(RQK:Q(KHFQFKQ(?8@L8G(;K(I8?H(J(HG8@L(;I8(
C8@E8U( C@R8( ;I8C( J8( ;I8( AF?;8GU( @QL( HK;( 7KQ;8Q;( @DKJ;( IK:( ;I8(
@778H;8L( ;I8( 7I@??8QE8( ;K( IK:( ;I8/G8( QK;( ËJ;( H?@FQE( :F;I( @( AF?;8G( DJ;(
E8QJFQ8?(7I@QEFQE(;I8FG(?F385
¶.H?@Q@;KG( 7@GKJ8?( 7KCCJQF7@;FQE( ;I8( 3@GFKJ( L88L( ;I8( 7@Q(
LK( FQ( ;I8FG( 7KCCJQF;( @QL( ;I8( D8Q8AF;( KA( F;6( «8( ?K@?( NKDGKPLGJOF(
C8CD8G(;K(HGK3FL8(;8;FCKQF@?(KA(IK:(;I8FG(JCC8G(7I@QE8L(;I8FG(?F38(
@QL(FQHFG8(K;I8G(;K(LK(;I8(@C85
()8;(H8KH?8(JDCF;(;I8FG(HGKË87;U(KGE@QF8(;I8C(@QL(;I8Q(J8(Ä;F;7I8Ä(
KQ( TFRTKR( ;I@;( @??K:( ;I8C( ;K( IK:7@8( ;I@;( ;I8( ;GJ?( @G8( 7I@QEFQE( ;I8FG(
?F38(D(I8?HFQE(K;I8G6
((ç( $(” ((””(
Xvd[dX[(
^_j_ô
]X[e_[e