Download Manuel d`utilisateur

'SBO¸BJT
£
>˜ÕiÊ`½ṎˆÃ>̈œ˜Ê
,-8‡£xxä
“«ˆ‡Ì՘iÀʜ“iÊ
ˆ˜i“>Ê
,-8‡£xÈä
“«ˆ‡Ì՘iÀʜ“iÊ
ˆ˜i“>Ê
,-*‡£xÇä
*ÀœViÃÃiÕÀÊ`iÊܘÊ-ÕÀÀœÕ˜`
/PUF1PVSCJFODPNQSFOESFDFNBOVFMEVUJMJTBUJPOWFVJMMF[WPVT
SFQPSUFSBVYJMMVTUSBUJPOTEFMBQQBSFJMFUµTPOD³CMBHFmHVSFT
µ
RVJTFUSPVWFOUBVE¹CVUEVNBOVFMFOBOHMBJTMJWS¹BWFD
MBQQBSFJM-FTWBMFVSTFODBES¹FTDPSSFTQPOEFOUµMBQQBSFJM
QSPQSFNFOUEJUEBOTMFTJMMVTUSBUJPOTEFT349349FU
341FOQBHFEVNBOVFMFOBOHMBJT-FTMFUUSFTEBOTEFT
DFSDMFTDPSSFTQPOEFOUµMJMMVTUSBUJPOEFMBU¹M¹DPNNBOEF33
FOQBHFEVNBOVFMFOBOHMBJT
349349341
Ó
DN
JO
!
!
!#
"
!
#
!!!
DN
DN
JO
JO
DN
JO
5PVTMFTBQQBSFJMT3PUFMTPOUDPO¸VTFOUPUBMFDPOGPSNJU¹BWFDMFTEJSFDUJ
WFTJOUFSOBUJPOBMFTDPODFSOBOUMFTSFTUSJDUJPOTEVUJMJTBUJPOEFTVCTUBODFT
EBOHFSFVTFT3P)4
QPVSMFOWJSPOOFNFOUEBOTMFT¹RVJQFNFOUT¹MFD
USJRVFTFU¹MFDUSPOJRVFTBJOTJRVFQPVSMFSFDZDMBHFEFTNBU¹SJBVYVUJMJT¹T
8&&&QPVS8BTUF&MFDUSJDBMBOE&MFDUSPOJD&RVJQNFOU
-FTZNCPMFEV
DPOUFOFVSµPSEVSFTCBSS¹QBSVOFDSPJYJOEJRVFMBDPNQBUJCJMJU¹BWFDDFT
EJSFDUJWFTFUMFGBJURVFMFTBQQBSFJMTQFVWFOUºUSFDPSSFDUFNFOUSFDZDM¹T
PVUSBJU¹TEBOTMFSFTQFDUUPUBMEFDFTOPSNFT
$FTZNCPMFTJHOJmFRVFDFUBQQBSFJMC¹O¹mDJFEVOFEPVCMFJTPMBUJPO
¹MFDUSJRVF-FCSBODIFNFOUEVOFNJTFµMBNBTTFPVµMBUFSSFOFTU
QBTO¹DFTTBJSF
'SBO¸BJT
Î
,i“>ÀµÕi
-FCSBODIFNFOUSFQ¹S¹$0.165&3*0OFDPODFSOFRVFEFTUFDIOJDJFOTBHS¹¹TVOJRVFNFOU
*OGPSNBUJPO'$$
$FUBQQBSFJMB¹U¹UFTU¹BmOEFW¹SJmFSTBDPOGPSNJU¹BWFDMFTOPSNFTNJOJNBEFTBQQBSFJMT
OVN¹SJRVFTEFDMBTTF#TVJWBOUMBSUJDMFEFTOPSNFT'$$$FTOPSNFTHBSBOUJTTFOUVOFQSP
UFDUJPOTVGmTBOUFDPOUSFMFTJOUFSG¹SFODFTEBOTMFDBESFEVOFVUJMJTBUJPOEPNFTUJRVF$FUBQ
QBSFJMH¹O¼SFVUJMJTFFUQFVUSBZPOOFSEFTGS¹RVFODFTSBEJPFUQFVUTJMOFTUQBTVUJMJT¹TFMPO
MFTDPOTFJMTQSPEJHV¹TEBOTDFNBOVFMEVUJMJTBUJPODBVTFSEFTJOUFSG¹SFODFTBWFDMFTDPNNV
OJDBUJPOTSBEJP
*MOZBDFQFOEBOUBVDVOFHBSBOUJFRVFDFTJOUFSG¹SFODFTOJOUFSWJFOOFOUEBOTDFSUBJOFTJOT
UBMMBUJPOT4JWPVTOPUF[MBQS¹TFODFEFQBSBTJUFTTVSMBSBEJPPVMBU¹M¹WJTJPOE¹UFDU¹FTQBSMB
NJTFTPVTFUIPSTUFOTJPOEFMBQQBSFJM
WPVTQPVWF[FTTBZFSE¹MJNJOFSDFTJOUFSG¹SFODFTFO
FTTBZBOUVOFEFTQSPD¹EVSFTTVJWBOUFT
˜ÃÌÀÕV̈œ˜Ãʈ“«œÀÌ>˜ÌiÃÊVœ˜ViÀ˜>˜Ìʏ>Ê
ÃjVÕÀˆÌj
"55&/5*0/*MOZBµMJOU¹SJFVSBVDVOFQJ¼DFTVTDFQUJCMFEºUSFNPEJm¹FQBSMVUJMJ
TBUFVS7FVJMMF[UPVKPVSTDPOTVMUFSVOUFDIOJDJFOBHS¹¹QPVSUPVUFJOUFSWFOUJPOJOUFSOFRVFMMF
RVFMMFTPJU
"55&/5*0/1PVSS¹EVJSFUPVUSJTRVFE¹MFDUSPDVUJPOOFQBTFYQPTFSMBQQBSFJMµMIV
NJEJU¹/FMBJTTF[BVDVOPCKFU¹USBOHFSQ¹O¹USFSµMJOU¹SJFVS4JDFMB¹UBJUMFDBTE¹CSBODIF[
JNN¹EJBUFNFOUMBQQBSFJMEFTPOBMJNFOUBUJPOTFDUFVS'BJUFTMFFOTVJUFJNN¹EJBUFNFOUW¹SJ
mFSQBSVOUFDIOJDJFORVBMJm¹FUBHS¹¹
5PVTMFTDPOTFJMTEFT¹DVSJU¹FUEJOTUBMMBUJPOEPJWFOUºUSFMVTBWBOUEFGBJSFGPODUJPOOFSMBQ
QBSFJM
$POTFSWF[TPJHOFVTFNFOUDFMJWSFUQPVSMFDPOTVMUFSµOPVWFBVQPVSEFGVUVSFTS¹G¹SFODFT
t 3¹PSJFOUF[PVE¹QMBDF[MBOUFOOFEFS¹DFQUJPO57SBEJPFUD
5PVTMFTDPOTFJMTEFT¹DVSJU¹EPJWFOUºUSFTPJHOFVTFNFOUSFTQFDU¹T4VJWF[MFTJOTUSVDUJPOT3FT
QFDUF[MFTQSPD¹EVSFTEJOTUBMMBUJPOFUEFGPODUJPOOFNFOUJOEJRV¹FTEBOTDFNBOVFM
t "VHNFOUF[M¹MPJHOFNFOUQIZTJRVFFOUSFMFS¹DFQUFVSFODBVTFFUMBQQBSFJM
-BQQBSFJMEPJUºUSFOFUUPZ¹VOJRVFNFOUBWFDVODIJGGPOTFDPVVOBTQJSBUFVS
t #SBODIF[MFTBVUSFTNBJMMPOTTVSVOFQSJTFTFDUFVSEJGG¹SFOUFEFDFMMFTVSMBRVFMMFFTUCSBO
DI¹MFS¹DFQUFVS
/FKBNBJTVUJMJTFSDFUBQQBSFJMQS¼TEVOQPJOUEFBV
t $POTVMUF[WPUSFSFWFOEFVSPVVOUFDIOJDJFOTQ¹DJBMJTUFEFDFTRVFTUJPOTEFS¹DFQUJPO
SBEJP57
"UUFOUJPO
$FUBQQBSFJMS¹QPOEBVYOPSNFTEFMBSUJDMFEFMB'$$TPVTMFTDPOEJUJPOTTVJWBOUFT
$FU
BQQBSFJMOFEPJUQBTDBVTFSEJOUFSG¹SFODFUS¼TTFOTJCMF
$FUBQQBSFJMEPJUQPVWPJSBDDFQUFS
OJNQPSUFRVFMMFJOUFSG¹SFODFFYUFSOFZDPNQSJTDFMMFTEVFTµVOFVUJMJTBUJPOGPSUVJUF
-BQQBSFJMEPJUºUSFQMBD¹EFUFMMFNBOJ¼SFRVFTBQSPQSFWFOUJMBUJPOQVJTTFGPOD
UJPOOFSDFTUµEJSFBWFDVOFTQBDFMJCSFEVOFEJ[BJOFEFDFOUJN¼USFTBVUPVSEF
MVJ*MOFEPJUQBTºUSFQPT¹TVSVOGBVUFVJMVODBOBQ¹VOFDPVWFSUVSFPVUPVUFBVUSFTVSGBDF
TVTDFQUJCMFEFCPVDIFSTFTPV¿FTEB¹SBUJPOPVQMBD¹EBOTVONFVCMFFNQºDIBOUMBCPOOFDJS
DVMBUJPOEBJSBVUPVSEFTPSJmDFTEB¹SBUJPO
$FUBQQBSFJMEPJUºUSFQMBD¹MPJOEFUPVUFTPVSDFEFDIBMFVSUFMTRVFSBEJBUFVSTDIBVEJ¼SFT
CPVDIFTEFDIBMFVSPVEBVUSFTBQQBSFJMTQSPEVJTBOUEFMBDIBMFVS
$FUBQQBSFJMEPJUºUSFCSBODI¹TVSVOFQSJTFEBMJNFOUBUJPOTFDUFVSEVOFUFOTJPOFUEVO
UZQFDPOGPSNFTµDFVYRVJTPOUJOEJRV¹TTVSMBGBDFBSSJ¼SFEFMBQQBSFJM64"7)[
$&7)[
#SBODIFSMBQQBSFJMVOJRVFNFOUHS³DFBVDPSEPOTFDUFVSGPVSOJPVµVONPE¼MF¹RVJWBMFOU/F
QBTUFOUFSEFNPEJmFSPVDIBOHFSMBQSJTF/PUBNNFOUOFQBTUFOUFSEFTVQQSJNFSMBQSJTFEF
UFSSFTJDFMMFDJFTUQS¹TFOUF/FQBTVUJMJTFSEFDPSEPOSBMMPOHF
-BQSJTFNVSBMFEBMJNFOUBUJPOTFDUFVSDPOTUJUVFMFTFVMNPZFOSBEJDBMEFE¹DPOOFDUFSUPUBMF
NFOUMBQQBSFJMEFUPVUFBMJNFOUBUJPO-BEJPEF-&%FOGB¸BEFT¹UFJOUUPUBMFNFOUQPVSTJHOJmFS
RVFMBMJNFOUBUJPOFTUUPUBMFNFOUE¹DPOOFDU¹F
1SFOESFHBSEFµDFRVFDFDPSEPOEBMJNFOUBUJPOOFTPJUQBTQJOD¹¹DSBT¹PVE¹U¹SJPS¹TVSUPVU
TPOUSBKFUµDFRVJMOFTPJUQBTNJTFODPOUBDUBWFDVOFTPVSDFEFDIBMFVS7¹SJmF[TPJHOFVTFNFOU
MBCPOOFRVBMJU¹EFTDPOUBDUTµMBSSJ¼SFEFMBQQBSFJMDPNNFEBOTMBQSJTFNVSBMF
%¹CSBODIF[MFD³CMFEBMJNFOUBUJPOFODBTEPSBHFPVTJMBQQBSFJMOFEPJUQBTºUSFVUJMJT¹QFO
EBOUVOFMPOHVFQ¹SJPEF
/VUJMJTF[RVFEFTBDDFTTPJSFTQS¹DPOJT¹TQBSMFDPOTUSVDUFVS
/VUJMJTF[RVFEFTNFVCMFTTVQQPSUTTZTU¼NFTEFUSBOTQPSUSFDPNNBOE¹TQBS3PUFM1SPD¹
EF[UPVKPVSTBWFDMBQMVTFYUSºNFQS¹DBVUJPOMPSTRVFWPVTE¹QMBDF[MBQQBSFJMBmOE¹WJUFS
UPVUSJTRVFEFCMFTTVSF
4JMBQQBSFJMOFEPJUQBTºUSFVUJMJT¹QFOEBOUVOFMPOHVFQ¹SJPEFMBQSJTFTFDUFVSTFSBE¹
CSBODI¹F
-BQQBSFJMEPJUºUSFJNN¹EJBUFNFOU¹UFJOUE¹CSBODI¹QVJTSFUPVSO¹BVTFSWJDFBQS¼TWFOUF
BHS¹¹EBOTMFTDBTTVJWBOUT
t -FD³CMFEBMJNFOUBUJPOTFDUFVSPVTBQSJTFFTUFOEPNNBH¹
t 6OPCKFUFTUUPNC¹PVEVMJRVJEFBDPVM¹µMJOU¹SJFVSEFMBQQBSFJM
t -BQQBSFJMB¹U¹FYQPT¹µMBQMVJF
t -BQQBSFJMOFGPODUJPOOFQBTOPSNBMFNFOU
t -BQQBSFJMFTUUPNC¹PVMFDPGGSFUFTUFOEPNNBH¹
"55&/5*0/MJOUFSSVQUFVSH¹O¹SBM.BTUFSTFUSPVWFTVSMBGBDFBSSJ¼SF-BQQBSFJM
EPJUUPVKPVSTºUSFJOTUBMM¹EFUFMMFNBOJ¼SFRVFDFUJOUFSSVQUFVSTPJUGBDJMFNFOUBDDFTTJCMFFO
QFSNBOFODF
349349341
{
.FOVTµM¹DSBOj0O4DSFFOx
IJ7JKJ:KIOIJ;C;
C;DKFH?D9?F7B
;9EKJ;0Jkd[h
;DJH;;L?:;E0E\\
;DH;=?IJ0L_Z[e'
CE:;0:ebXoFB??nCki_Y
;DJH;;7K:?E09eWn_Wb(
LEBKC;0,+
;D9;?DJ;I0<B9DJIK8<H
IB98'98(IH
;DJH;;;D9;?DJ;I
H;J7H:J;IJJED;
H;=B7=;IK8PED;
7KJH;IL?:;E%>:C?
JED7B?J;:;<7KJ
;N?J
P(0L_Z[e'P)0E\\P*0L_Z[e+
H;=B7=;;DJH;;
H;=B7=;;D9;?DJ;I
JED7B?J;
;9EKJ;09:
;DJH;;L?:;E0E\\
DEC;DJH;;0UUUUUUUU
;DJH;;7K:?E09eWn_Wb(
7JJ$;DJH;;0&Z8
9?D;C7;G0E\\
'(LJH?==;H0'UUUU,
:;<7KJCE:;0:ebXoFB??nCki_Y
H;J7H:0(&&ci
C;DKFH?D9?F7B
7L7DJ0=hWdZ[
9;DJH;0=hWdZ[
IKHHEKD:0=hWdZ[
9;DJH;7HH?0=hWdZ['
IK8MEE<;H0Ek_
<ED9J7L7D9;;0;dj[h
C;DKFH?D9?F7B
;D9;?DJ;07lWdj
:?H;9J0C7H9>;
7?=K;0!+
=H7L;0&
C;DKFH?D9?F7B
H;=B7=;;DJH;;
H;=B7=;7L7D9;;D9;?DJ;I
7KJH;IEFJ?EDI
;9EKJ;0Ckbj_?dfkj
;DJH;;L?:;E0>:C?'
DEC;DJH;;0UUUUUUUU
7JJ$;DJH;;0&Z8
'(LJH?==;H0'(UUUU
H;:?H;9J?EDB<;0Ed
;D9;?DJ;07lWdj
<?BJH;0'&&>p
:EB8O0F[j_j[
:JI0F[j_j[
IJ;H;E0=hWdZ[
:IF0F[j_j[
C;DKH;=B7=;;D9;?DJ;I
;DH;=?IJ0IekhY[
LEB:;C7HH70:[hd_[h
C7NLEB0CWn
FEM;H0IjWdZXo
B7D=K;0<H7D97?I
:?I9H;J;0De
C;DKFH?D9?F7B
H;=B7=;;DJH;;
H;=B7=;=H7L;IK8
H;=B7=;IPED;
;9EKJ;0L_Z[e'
;DJH;;L?:;E0>:C?'
DEC;DJH;;0UUUUUUUU
;DJH;;7K:?E0Efj_gk['
7JJ$;DJH;;0&Z8
9?D;C7;G0E\\
'(LJH?==;H0'UUUU,
:;<7KJCE:;0:ebXoFB??nCki_Y
H;J7H:0&cI
C;DKFH?D9?F7B
<?BJH;0'&&^P
:EB8O:?=?J7B0&Z8
:EB8OFB??n0&Z8
:JI0&Z8
IJ;H;E0!(Z8
:IF0E\\
CKBJ??D0#(Z8
C;DKFH?D9?F7B
PED;0PED;(
IEKH9;09:
;DJH;;L?:;E09ecfei_j['
H;=B$LEBKC;0LWh_WXb[
LEBKC;0,&
LEB:;C7HH70:[hd_[h
C7NLEB0CWn
'(LJH?==;H0'U)UUU
C;DKFH?D9?F7B
:EB8OFHEBE=?9??n
I?=D7BJ;IJ
L?:;E%>:C?
CE:;0Cki_Y
EFJ?EDF7H7C;JH;I
F7DEH7C70E\\
:?C;DI?ED0)
B7H=;KH9;DJ0&
C;DKH;=B7=;;DJH;;
=7K9>;0!'Z8
9;DJH;0#'Z8
:HE?J0!(Z8
IKHHEKD::0!+Z8
7HH9;DJ:0!(Z8
7HH9;DJ=0!(Z8
IKHHEKD:=0!*Z8
IK8MEE<;H0!/Z8
C;DKFH?D9?F7B
<EHC7JIEHJ?;L?:0'&.&_
>:C?7K:?ECE:;07CFCeZ[
:JID[e0,
H;=B7=;J;CFIH;J7H:
H;=B7=;IF7H:;<7KJ
CE:;09_d[cW
C;DKH;=B7=;;DJH;;
=7K9>;0'(\j)$,c
9;DJH;0''\j)$)c
:HE?J0''\j)$)c
IKHHEKD::0,\j'$.c
7HH9;DJ:0.\j($*c
7HH9;DJ=0/\j($-c
IKHHEKD:=0+\j'$+c
IK8MEE<;H0+\j'$+c
C;DKFH?D9?F7B
H;=B7=;IKI?D;0Ded
H;=B7=;IKJ?B$0Ded
C;C$H;=$KJ?B$0Ded
H;=B;HCEJ:;F7II;0Ded
C;DKFH?D9?F7B
C;DKFH?D9?F7B
C;DKFH?D9?F7B
x
Ê«Àœ«œÃÊ`iÊ,œÌi
/PUSFIJTUPJSFDPNNFODFJMZBFOWJSPO
BOT%FQVJTBVmMEFTBOO¹FTOPVTBWPOT
SF¸VEFTDFOUBJOFTEFQSJYFUEFS¹DPNQFO
TFTFUTBUJTGBJUEFTDFOUBJOFTEFNJMMJFSTEF
QFSTPOOFToDPNNFWPVT3PUFMB¹U¹GPOE¹F
QBSVOFGBNJMMFQBTTJPOO¹FEFNVTJRVFRVJ
BE¹DJE¹EFGBCSJRVFSEFTNBJMMPOT)BVUF
'JE¹MJU¹TBOTDPNQSPNJTBVDVO%FQVJTTB
DS¹BUJPODFUUFQBTTJPOFTUSFTU¹FJOUBDUFFU
DFUUFGBNJMMFTFTUmY¹FDPNNFPCKFDUJGEF
QSPQPTFSµUPVTMFTBVEJPQIJMFTFUN¹MPNB
OFTMFTNFJMMFVSTBQQBSFJMTQPTTJCMFTRVFM
RVFTPJUMFVSCVEHFU6OFWPMPOU¹QBSUBH¹F
QBSUPVTMFTFNQMPZ¹TEF3PUFM
-FTJOH¹OJFVST3PUFMUSBWBJMMFOUTFMPOVOF
¹RVJQFUS¼TTPVE¹F¹DPVUBOUQFBVmOBOU
DIBRVFOPVWFBVNPE¼MFKVTRVµDFRVJMBU
UFJHOFFYBDUFNFOUMFVSTTUBOEBSEToUS¼T¹MF
W¹ToEFNVTJDBMJU¹*MTTPOUMJCSFTEFDIPJTJS
EFTDPNQPTBOUTFOQSPWFOBODFEVNPOEF
FOUJFSBmOEFDPODFWPJSMFQSPEVJUMFNFJMMFVS
QPTTJCMF$FTUBJOTJRVFWPVTUSPVWFSF[EBOT
OPTBQQBSFJMTEFTDPOEFOTBUFVSTEPSJHJOF
CSJUBOOJRVFPVBMMFNBOEFEFTUSBOTJTUPST
KBQPOBJTPVBN¹SJDBJOTUBOEJTRVFMFTUSBOT
GPSNBUFVSTUPSJRVFTTPOUUPVKPVSTGBCSJRV¹T
EBOTOPTQSPQSFTVTJOFT3PUFM
/PVTTPNNFTUPVTDPODFSO¹TQBSMBRVBMJU¹
EFMFOWJSPOOFNFOU&UDPNNFEFQMVTFO
QMVTEFQSPEVJUT¹MFDUSPOJRVFTTPOUGBCSJRV¹T
QVJT¹MJNJO¹TRVFMRVFTBOO¹FTQMVTUBSEJM
FTUE¹TPSNBJTFTTFOUJFMRVVODPOTUSVDUFVS
GBCSJRVFUPVTTFTQSPEVJUTFOWFJMMBOUµDF
RVJMTBJFOUVOJNQBDUNJOJNVNTVSMBUFSSF
FUMFTOBQQFTQIS¹BUJRVFT$IF[3PUFMOPVT
TPNNFTUS¼TmFSTEBQQPSUFSOPUSFQJFSSFµ
DFOPVWFM¹EJmDF/PVTBWPOTS¹EVJUMBUFOFVS
FOQMPNCEFOPT¹MFDUSPOJRVFTFOVUJMJTBOU
OPUBNNFOUVOFTPVEVSFTQ¹DJBMF30)4
UBOEJTRVFOPUSFOPVWFMMFHBNNFEBNQMJm
DBUFVSTGPODUJPOOBOUFODMBTTF%OPOOV
N¹SJRVF
QS¹TFOUFVOSFOEFNFOUDJORGPJT
TVQ¹SJFVSBVYH¹O¹SBUJPOTDPOWFOUJPOOFM
MFTQS¹D¹EFOUFTE¹MJWSBOUQPVSUBOUFODPSF
QMVTEFQVJTTBODFBWFDVOFRVBMJU¹FODPSF
TVQ¹SJFVSF$FTBQQBSFJMTOFDIBVGGFOUQBT
E¹QFOTFOUCFBVDPVQNPJOTE¹OFSHJFTPOU
EPODUS¼TCPOTQPVSMFOWJSPOOFNFOUUPVUFO
¹UBOUFODPSFQMVTNVTJDBVY&OQMVTOPVT
JNQSJNPOTUPVTOPTDBUBMPHVFTFUNBOVFMT
TVSQBQJFSSFDZDM¹
'BCSJRV¹TPVTMJDFODFFUDPVWFSUQBSMFTCSFWFUTTVJWBOUT
BVUSFTCSFWFUT64FUJOUFSOBUJPOBVYFODPVST
EFE¹QÃU%54FTUVOFNBSRVFE¹QPT¹FFUMFTMPHPTMF
TZNCPMF%54FUMFTUFSNFT%54)%BOE%54)%.BTUFS
"VEJPTPOUEFTNBSRVFTE¹QPT¹FTEF%54*OD$PQZSJHIU
%54*OD5PVTESPJUTS¹TFSW¹T
TJNVMUBO¹NFOUEFVYFODFJOUFTBWBOUVOFFO
DFJOUFDFOUSBMFBWBOUEFVYFODFJOUFTBSSJ¼SF
FUEFVYFODFJOUFTDFOUSBMFTBSSJ¼SF
$BSBDU¹SJTUJRVFTWJE¹P
t &OUS¹FTFUTPSUJFTWJE¹PQPVSMVUJMJTBUJPO
EFTJHOBVYEFUZQFWJE¹PDPNQPTJUF4
7JE¹PFUWJE¹P$PNQPTBOUFTBWFDDPO
WFSTJPOFOTPSUJFWFSWJE¹P$PNQPTBO
UFT
t $PNNVUBUJPO)%.*7FS
QPVSMFT
TJHOBVYWJE¹POVN¹SJRVFTKVTRVµQ
BWFDQPTTJCJMJU¹EFDPOWFSTJPOEFQ
WFSTQQ$PNQBUJCMFBWFDMFTQSJ
TFT%7*WJBVOBEBQUBUFVS)%.*%7*
$FOFTPOUDFSUFTRVFEFQFUJUFT¹UBQFT.BJT
OFTPOUDFQBTKVTUFNFOUMFTQMVTJNQPSUBOUFT
/PVTDPOUJOVPOTBDUJWFNFOUMBSFDIFSDIF
FUMBNJTFBVQPJOUEFOPVWFMMFTN¹UIPEFT
FUMVUJMJTBUJPOEFOPVWFBVYNBU¹SJBVYQPVS
BCPVUJSµVOQSPDFTTVTEFGBCSJDBUJPOH¹O¹
SBMQMVT¹DPMPHJRVFFUQMVTQSPQSF
t %PVCMFVSFUEFMJHOFFU¹DIBOUJMMPOOFVS
EFRVBMJU¹WJE¹PQIJMFKVTRVBVYE¹mOJ
UJPOTMFTQMVT¹MFW¹FT
5PVTMFTNFNCSFTEFM¹RVJQF3PUFMWPVTSF
NFSDJFOUQPVSMBDIBUEFDFUBQQBSFJM/PVT
TPNNFTQFSTVBE¹TRVJMWPVTPGGSJSBEFOPN
CSFVTFTBOO¹FTEJOUFOTFQMBJTJSNVTJDBM
t "DDFQUFOJNQPSUFRVFMUZQFEFTJHOBM
WJE¹PFOFOUS¹F/54$J1"-J
/54$Q1"-QQJ
Q
*œÕÀÊ`j“>ÀÀiÀ
/PVTWPVTSFNFSDJPOTEBWPJSBDIFU¹DFQSP
DFTTFVSEFTPO4VSSPVOEPVDFUBNQMJUVOFS
4VSSPVOE3PUFM-FQSPDFTTFVS4VSSPVOE341
SFQS¹TFOUFEFVYBQQBSFJMTFOVO
6OQSPDFTTFVSBVEJPWJE¹PDBQBCMFEF
E¹DPEFSVOUS¼THSBOEOPNCSFEFGPS
NBUTEPOUMFT%PMCZ4VSSPVOEÑ%PMCZ
%JHJUBMÑFU%54Ñ
6ODFOUSFEFDPOUSÃMFBVEJPWJE¹PDPN
QMFUQPVSTPVSDFTBOBMPHJRVFTPVOV
N¹SJRVFT
-BNQMJUVOFS349BTTPDJFRVBUSFBQ
QBSFJMTFOVOTFVMFOBKPVUBOUBVYEFVYQS¹
D¹EFNNFOUDJU¹T
6OUVOFSSBEJP".'.3%4EFIBVUF
RVBMJU¹
'BCSJRV¹TPVTMJDFODFEF%PMCZ-BCPSBUPSJFTi%PMCZwi1SP
-PHJDwFUMFTZNCPMFEVEPVCMF%TPOUEFTNBSRVFTE¹QP
T¹FTEF%PMCZ-BCPSBUPSJFT$PQZSJHIU5PVT
ESPJUTS¹TFSW¹T
'SBO¸BJT
6OBNQMJmDBUFVSEFQVJTTBODFDBOBVY
DBQBCMFEBMJNFOUFSEFVYFODFJOUFTBWBOU
PVEFVYFODFJOUFTDFOUSBMFTBSSJ¼SF
VOF
FODFJOUFDFOUSBMFBWBOUFUEFVYFODFJOUFT
BSSJ¼SF4VSSPVOE
&OmOMBNQMJUVOFS349SFQSFOEUPVUFT
MFTDBSBDU¹SJTUJRVFTDJEFTTVTNBJTZBKPVUF
VOBNQMJmDBUFVSUS¼TQVJTTBOUEFDBOBVYFO
MJFVFUQMBDFEFTDBOBVYBmOEBMJNFOUFS
t 4PSUJFTWJE¹PBOBMPHJRVFTFUOVN¹SJRVFT
µOJNQPSUFRVFMMFS¹TPMVUJPO/54$J
1"-J/54$Q1"-QQ
JQ
QPVSDPNQBUJCJMJU¹QBS
GBJUFBWFDOJNQPSUFRVFMUZQFEFEJGGV
TFVSWJE¹PBOBMPHJRVFPVOVN¹SJRVF
$BSBDU¹SJTUJRVFTBVEJP
t -FDPODFQU3PUFMj#BMBODFE%FTJHOx
DPNCJOFVOFBSDIJUFDUVSFEFTDJSDVJUT
OPWBUSJDFVOFT¹MFDUJPOESBTUJRVFEFT
DPNQPTBOUTFUEFOPNCSFVYUFTUE¹DPV
UFQPVSVOFIBVUFRVBMJU¹TPOPSFFUVOF
HSBOEFmBCJMJU¹
t .PEFBOBMPHJRVFEJSFDUCZQBTT
QPVS
¹DPVUFFOTU¹S¹PQIPOJRVFQVSFTBOT
BVDVOUSBJUFNFOUOVN¹SJRVF
t &OUS¹FTFUTPSUJFTOVN¹SJRVFTQBSD³
CMFDPBYJBMFUmCSFPQUJRVFPVBOBMPHJ
RVFT
t %¹UFDUJPOFUE¹DPEBHFBVUPNBUJRVFTEFT
TJHOBVYBVEJPNVMUJDBOBMIBVUFS¹TPMV
UJPOEFT%7%"VEJP
t &OUS¹F.6-5*QPVSDBOBVYBOBMPHJ
RVFTµQBSUJSEVOMFDUFVSEF%7%"VEJP
PV4"$%-FTPQUJPOTQPVSMFDBJTTPOEF
HSBWFTVCXPPGFS
DPNQSFOOFOUMFOWPJ
EJSFDUEVDBOBMjxPVMBSFEJSFDUJPOEV
349349341
HSBWFWJBVOmMUSFQBTTFCBTBWFDTPS
UJFDBJTTPOEFHSBWFBEEJUJPOO¹FQPVS
MFTTFQUDBOBVY
t %¹DPEBHFBVUPNBUJRVFEFTTJHOBVY
)%$%ÑEFT$%FODPE¹TEBOTDFGPSNBUj
)JHI%FmOJUJPO$PNQBUJCMF%JHJUBMÑx
t 349FU349VOJRVFNFOU
5V
OFS".'.BWFDTUBUJPOTQS¹S¹HM¹FT
SFDIFSDIFQBSBDD¼TEJSFDUFUBDDPSEBVUP
NBUJRVF
t 349FU349VOJRVFNFOU
$PNQBUJCJMJU¹3%43BEJP%BUB4ZTUFNT
FU
3%#43BEJP#SPBEDBTU%BUB4FSWJDF
$BSBDU¹SJTUJRVFT4VSSPVOE
t 349
"NQMJmDBUFVSDBOBVYJO
U¹HS¹DIBRVFDBOBME¹MJWSBOUXBUUT
UPVTMFTDBOBVYFOTFSWJDF
t349
"NQMJmDBUFVSDBOBVYJOU¹
HS¹DIBRVFDBOBME¹MJWSBOUXBUUT
UPVTMFTDBOBVYFOTFSWJDF
t%¹DPEBHFBVUPNBUJRVFEFTFOSFHJTUSFNFOUT
FO%PMCZÑ%JHJUBM%PMCZÑ%JHJUBM
FU%PMCZÑ%JHJUBM4VSSPVOE&9%PMCZÑ
5SVF)%FU%PMCZÑ%JHJUBM1MVT
t%¹DPEBHF%PMCZÑ1SP-PHJD**YBEBQU¹
BVYJOTUBMMBUJPOTPVDBOBVY
QPVS
MFTFOSFHJTUSFNFOUTFODPE¹TFO%PMCZÑ
4VSSPVOE.BUSJYNBUSJDJFM
BWFDVOF
S¹QPOTFFOGS¹RVFODFFUVOFT¹QBSBUJPO
EFTDBOBVYFODPSFBN¹MJPS¹F1FVUºUSF
PQUJNJT¹QPVSMFTQSPHSBNNFTNVTJDBVY
PVDJO¹NBMFTQJTUFTDPE¹FT1SP-PHJDÑ
PV(BNFTKFVY
t%¹DPEBHFBVUPNBUJRVFEFTFOSFHJTUSFNFOUT
FO%54Ñ%54&4Ñ.BUSJY%54
&4Ñ%JTDSFUF%54FU%54&4Ñ
OVN¹SJRVF%54)%.BTUFS"VEJP
FU%54)%)JHI3FTPMVUJPO
t .PEFT%54/FP4VSSPVOEPCUFOBOU
EFTDBOBVYTVSSPVOEQPVSMFTJOTUBMMB
UJPOTPVµQBSUJSEFOSFHJT
USFNFOUTDBOBVYTU¹S¹PPVTVSSPVOE
NBUSJDJFMT1FVWFOUºUSFPQUJNJT¹TQPVS
MFTQSPHSBNNFTNVTJDBVYPVDJO¹NB
t -F3PUFM94F9USB4VSSPVOE
BTTVSFBVUP
NBUJRVFNFOUMFE¹DPEBHFBQQSPQSJ¹FU
MFTNFJMMFVSTS¹TVMUBUTE¹DPVUFµQBSUJS
EFUPVUTJHOBMOVN¹SJRVFNVMUJDBOBMBWFD
MFTJOTUBMMBUJPOTPV5PVKPVSTBD
UJGEBOTMFTTZTU¼NFTDPNQPSUBOUVOFPV
EFVYFODFJOUFT
DFOUSBMFT
BSSJ¼SFMF
È
3PUFM94GPODUJPOOF¹HBMFNFOUBWFDEFT
TJHOBVYOPODPOmHVS¹TQPVSE¹DMFODIFS
MFE¹DPEBHFBQQSPQSJ¹DPNNFMFTEJT
RVFT%54&4PV%PMCZ4VSSPVOE&9OPO
¹RVJQ¹TEFnBHT
PVQPVSMFTRVFMTMF
E¹DPEBHFEFTWPJFTTVSSPVOEBSSJ¼SF
DFOUSBMFTOFTUQBTQS¹WVUFMTRVFMFTTJ
HOBVYFO%54FU%PMCZ%JHJUBMPV
NºNFMF%PMCZ1SP-PHJD**E¹DPEBOUEFT
FOSFHJTUSFNFOUT%PMCZ%JHJUBM
t .PEFTTVSSPVOEQPVSMBMFDUVSFEFTVQ
QPSUTTVSEFTTZTU¼NFTDPNQPSUBOUEFVY
PVUSPJTDBOBVYBmOEBTTVSFSVOFUPUBMF
DPNQBUJCJMJU¹
t 2VBUSFNPEFT.VTJRVF%41
"VUSFTDBSBDU¹SJTUJRVFT
t 4PSUJFT;POFFUBWFDT¹MFDUJPOJO
E¹QFOEBOUFEFMBTPVSDFEFOUS¹FFUEV
S¹HMBHFEFWPMVNFBWFDQPTTJCJMJU¹EF
SFOWPJEFU¹M¹DPNNBOEFJOGSBSPVHF
QPVSGPODUJPOOFNFOUEFQVJTVOF[POF
TFDPOEBJSF
t 4ZTU¼NFEFNFOVT0/4$3&&/%*41-":
04%"GmDIBHFµMDSBO
BWFDQPTTJCJ
MJU¹EFOUSFSEFTOPNTQPVSDIBRVFFO
US¹F$IPJYEFMBOHVFT
t 5¹M¹DPNNBOEFVOJWFSTFMMFFUµBQQSFO
UJTTBHFDBQBCMFEFGBJSFGPODUJPOOFS
MBNQMJUVOFSPVMFQSPDFTTFVSQMVTTFT
NBJMMPOTBTTPDJ¹T
t 1PTTJCJMJU¹EFNJTFµKPVSEVMPHJDJFMEV
NJDSPQSPDFTTFVSFOWVFEFGVUVSFTBN¹
MJPSBUJPOT
t 1SJTFTEFDPNNVUBUJPOEBMJNFOUBUJPO5SJH
HFSWPMUTBTTJHOBCMFTTQ¹DJmRVFNFOU
QPVSMBMMVNBHFTJNVMUBO¹EFTBNQMJm
DBUFVSTEFQVJTTBODFFUBVUSFTNBJMMPOT
BTTPDJ¹T
%¹CBMMBHF
4PSUJSTPJHOFVTFNFOUMBQQBSFJMEFTPODBSUPO
EFNCBMMBHF/PVCMJF[QBTMBU¹M¹DPNNBOEF
FUMFTBVUSFTBDDFTTPJSFT$POTFSWF[MFDBSUPO
FUMFNCBMMBHFJOUFSOFQPVSUPVUUSBOTQPSUVM
U¹SJFVSEFMBQQBSFJMFOUPVUFT¹DVSJU¹
*OTUBMMBUJPO
1MBDF[MBQQBSFJMTVSVOFTVSGBDFQMBUFSJHJEF
FUT¼DIFMPJOEFTSBZPOTEJSFDUTEVTPMFJMEF
TPVSDFTEFDIBMFVSPVEIVNJEJU¹FYDFTTJWF
FUFYFNQUFEFWJCSBUJPOTFYDFTTJWFT
1MBDF[MBQQBSFJMQS¼TEFTBVUSFTNBJMMPOTEV
TZTU¼NFNBJTTJQPTTJCMFTFVMTVSTPO¹UBH¼
SF$FMBQFSNFUTJNVMUBO¹NFOUEFDPOTFSWFS
EFTMJBJTPOTDPVSUFTFOUSFMFTBQQBSFJMTFU
GBDJMJUFSBMFT¹WFOUVFMMFTNPEJmDBUJPOTGVUV
SFTEVTZTU¼NF
-BQQBSFJMH¹O¼SFEFMBDIBMFVSMPSTEFTPO
GPODUJPOOFNFOUOPSNBM/FCMPRVF[QBTTFT
PV¿FTEB¹SBUJPOFOMBJTTBOUBVNPJOT
DNEFTQBDFUPVUBVUPVSEFTPODPGGSFU4JM
FTUQMBD¹EBOTVONFVCMFW¹SJmF[MBCPOOF
DJSDVMBUJPOEFMBJS
/FQPTF[QBTEBVUSFTNBJMMPOTPVPCKFUT
TVSMBQQBSFJM/FMBJTTF[QBTEFMJRVJEFQ¹
O¹USFSµMJOU¹SJFVS
'SBO¸BJT
Ç
, /#JFORVFMBGBDFBSSJ¼SFEFMBQQBSFJMQB
SBJTTFJNQSFTTJPOOBOUFMFCSBODIFNFOUEF
MBQQBSFJMµWPUSFJOTUBMMBUJPOFTUUS¼TTJN
QMF$IBDVOFEFTTPVSDFTDPNQPTBOUWP
USFDIB¾OFQFVUºUSFSBDDPSE¹FBVYFOUS¹FT
BVYFOUS¹FTEFMBQQBSFJMBWFDVOFQBJSFEF
D³CMFT3$"PVVOD³CMFBVEJPOVN¹SJRVF
DPBYJBMPVPQUJRVF
QPVSMBTFDUJPOBVEJP
FUBWFDVOFQSJTFWJE¹POVN¹SJRVF)%.*PV
BOBMPHJRVFBVTUBOEBSEDPNQPTJUF47JE¹P
PVWJE¹P$PNQPTBOUFT
"/Ê\ÊiÃÊvœÀ“>ÌÃÊÃÕÀÀœÕ˜`ÊÌiÃʵÕiʏiʜLÞÊ
ˆ}ˆÌ>ÊiÌʏiÊ/-ÊܘÌÊ`iÃÊvœÀ“>ÌÃʘՓjÀˆµÕiðÊ
½>««>ÀiˆÊ˜iÊ«iÕÌʏiÃÊ`jVœ`iÀʵսDʏ>ÊVœ˜`ˆÌˆœ˜Ê
µÕ½ˆÊÀiXœˆÛiÊ՘ÊÈ}˜>Ê˜Õ“jÀˆµÕiÊi˜Êi˜ÌÀji°Ê
*œÕÀÊViÌÌiÊÀ>ˆÃœ˜]ʘœÕÃÊۜÕÃÊVœ˜Ãiˆœ˜ÃÊ`iÊ
̜ՍœÕÀÃÊVœ˜˜iVÌiÀʏiÃÊÜÀ̈iÃʘՓjÀˆµÕiÃÊ`iÊ
ۜÌÀiʏiVÌiÕÀÊ`iÊ6ÊDʏ½>««>ÀiˆÊi˜ÊṎˆÃ>˜ÌÊ
܈Ìʏ½i˜ÌÀjiʜ«ÌˆµÕi]Ê܈Ìʏ½i˜ÌÀjiÊVœ>݈>iÊ
`iÊViÊ`iÀ˜ˆiÀ°
-FTTJHOBVYBVEJPEFTPSUJFEVQSPDFTTFVS
341
TPOUFOWPZ¹TWFSTEFTBNQMJmDB
UFVSTEFQVJTTBODFT¹QBS¹TWJBEFTD³CMFTBWFD
QSJTFT3$"CSBODI¹TTVSMFTTPSUJFTBVEJP
QS¹BNQMJ%BOTMFDBTEFTBNQMJUVOFSTMFT
TJHOBVYEFTPSUJFTPOUFOWPZ¹TEJSFDUFNFOU
WFSTMFTDJORFODFJOUFT349
PVMFTTFQU
FODFJOUFTBDPVTUJRVFT349
%FQMVT
EFTBNQMJmDBUFVSTEFQVJTTBODFDPNQM¹NFO
UBJSFTQFVWFOUºUSFCSBODI¹TTVSMFTTPSUJFT
QS¹BNQMJEFTBNQMJUVOFSTTJO¹DFTTBJSF-F
TJHOBMWJE¹PEVQSPDFTTFVSPVEFMBNQMJUV
OFSFTUFOWPZ¹WFSTMFU¹M¹WJTFVSFOVUJMJTBOU
MFTQSJTFTEFTPSUJFWJE¹PDPNQPTJUF47JE¹P
WJE¹P$PNQPTBOUFTFUPV)%.*
%FQMVTMBQQBSFJMQPTT¼EFVOFFOUS¹F.6-
5*¹RVJQ¹FEFDPOOFYJPOTEFTUJO¹FTµVOF
TPVSDFRVJS¹BMJTFTPOQSPQSFE¹DPEBHFTVS
SPVOEEFTFOUS¹FTQPVSDBQUFVSTEFTJHOBVY
JOGSBSPVHFEFU¹M¹DPNNBOEFFUEFTQSJTFT
5SJHHFS7RVJFOWPJFOUVOTJHOBMEFDPN
NVUBUJPOBmOEFNFUUSFFONBSDIFEBVUSFT
BQQBSFJMT3PUFMTBOTJOUFSWFOUJPOEFMBQBSU
EFMVUJMJTBUFVS
"/Ê\Ê iÊLÀ>˜V…iâʍ>“>ˆÃÊ՘Ê>««>ÀiˆÊÃÕÀÊ
½>ˆ“i˜Ì>̈œ˜ÊÃiVÌiÕÀÊÃ>˜ÃÊ>ۜˆÀÊivviVÌÕjÊ>ÕÊ
«Àj>>LiÊ̜ÕÌiÃʏiÃÊVœ˜˜i݈œ˜ÃʘjViÃÃ>ˆÀið
iÃÊV@LiÃÊۈ`jœÊ`œˆÛi˜ÌÊ«ÀjÃi˜ÌiÀÊ՘iʈ“«j‡
`>˜ViÊ`iÊÇxʜ…“ðÊ>ÊÜÀ̈iÊ>Õ`ˆœÊ˜Õ“jÀˆµÕiÊ
-É*ʘjViÃÈÌiÊj}>i“i˜ÌÊ՘ÊV@LiÊ`iʏˆ>ˆÃœ˜Ê
Çxʜ…“Ã]ÊVœ““iÊ̜ÕÃʏiÃÊV@LiÃÊÛj…ˆVՏ>˜ÌÊ
՘ÊÈ}˜>Ê˜Õ“jÀˆµÕi°Ê iʍ>“>ˆÃÊṎˆÃiÀÊ`iÊ
ȓ«iÃÊV@LiÃʓœ`Տ>̈œ˜Ê«œÕÀʏˆ>ˆÃœ˜ÃÊ>˜>‡
œ}ˆµÕiÃÊ«œÕÀÊÌÀ>˜Ã“iÌÌÀiÊ`iÃÊÈ}˜>ÕÝÊۈ`jœÊ
œÕÊ>Õ`ˆœÊ˜Õ“jÀˆµÕiðʏÃÊ«>ÃÃiÀœ˜ÌÊLˆi˜ÊViÃÊ
È}˜>ÕÝ]ʓ>ˆÃʏiÕÀÊL>˜`iÊ«>ÃÃ>˜Ìiʏˆ“ˆÌjiÊ
Àj`ՈÀ>ʏiÃÊ«iÀvœÀ“>˜ViðÊ
$IBRVFFOUS¹FEPJUºUSFDPSSFDUFNFOUDPO
mHVS¹FFOVUJMJTBOUMBGPODUJPO3¹HMBHFEFT
&OUS¹FT*/1654&561
EVNFOVEFM04%
/PVTSFDPNNBOEPOTEBMMFSEBOTDFNFOV
BQS¼TBWPJSDPOOFDU¹DIBRVFTPVSDFQPVS
DPOmHVSFSMFTFOUS¹FTDPNNFTPVIBJU¹4F
SFQPSUFSµ3¹HMBHFEFT&OUS¹FTEBOTMBTFD
UJPO3¹HMBHFTQPVSQMVTEJOGPSNBUJPOT
$IPJYEFTD³CMFTEFMJBJTPO
-FTCSBODIFNFOUTWJE¹PTVSMBQQBSFJMQFVWFOU
ºUSFEFUZQFOVN¹SJRVFPVBOBMPHJRVF
7JE¹POVN¹SJRVF
-FTMJBJTPOTWJE¹POVN¹SJRVFTVSMBQQB
SFJMTFGPOUWJBEFTD³CMFT)%.*$FTQSJTFT
NVMUJCSPDIFTTPOUDBQBCMFTEFW¹IJDVMFSMFT
TJHOBVYWJE¹POVN¹SJRVFTQMVTMFTTJHOBVY
BVEJPOVN¹SJRVFTUFMMF%PMCZ%JHJUBMÑ
-BQSJTF)%.*FTUDPNQBUJCMFFOWJE¹PBWFD
MFTNBJMMPOT¹RVJQ¹TEVOFQSJTF%7*FOVUJ
MJTBOUVOBEBQUBUFVS)%.*%7*
"VEJPOVN¹SJRVF
-FTMJBJTPOTBVEJPOVN¹SJRVFTTVSMBQQBSFJM
TFGPOUWJBEFTD³CMFTPQUJRVFTEFUZQF5PT
MJOLPVEFTD³CMFTDPBYJBVYµQSJTFT3$"
/VUJMJTF[QBTEFD³CMFBVEJPDMBTTJRVFµ
MBQMBDFEFD³CMFTTQ¹DJmRVFTQPVSMJBJTPO
OVN¹SJRVF
7JE¹PBOBMPHJRVF
-FTD³CMFTWJE¹PBOBMPHJRVFTQFVWFOUºUSF
TVSMBQQBSFJMEFUSPJTUZQFTEJGG¹SFOUTBV
DIPJYWJE¹PDPNQPTJUFPV47JE¹PQPVSMB
MJBJTPOµEFTU¹M¹WJTFVSTEFE¹mOJUJPOTUBO
EBSEPVWJE¹P$PNQPTBOUFTQPVSMFCSBO
DIFNFOUTVSEFTU¹M¹WJTFVSTPVNBJMMPOT
DPNQBUJCMFT)BVUF%¹mOJUJPO
-FTD³CMFTWJE¹PEPJWFOUBWPJSVOFJNQ¹
EBODFEFPINT/VUJMJTF[1"4EFD³
CMFTEFMJBJTPOBVEJPDPOWFOUJPOOFMTQPVS
MFTMJBJTPOTWJE¹PPVBVEJPOVN¹SJRVF$FT
D³CMFTBDDFQUFSPOUEFUSBOTNFUUSFMFTJHOBM
DPSSFTQPOEBOUNBJTMFVSCBOEFQBTTBOUF
MJNJU¹FE¹HSBEFMFTQFSGPSNBODFT
"VEJPBOBMPHJRVF
-FTNBJMMPOTBVEJPBOBMPHJRVFTTFSPOUCSBO
DI¹TTVSMBQQBSFJMFOVUJMJTBOUEFTD³CMFT
BVEJP3$"TUBOEBSE5PVUFTMFTDPOOFYJPOT
SFTQFDUFOUMFTDPEFTEFDPVMFVSTVJWBOUT
$ B O B M B V E JP H B V D I F QSJTF 3$ "
CMBODIF
$BOBMBVEJPESPJUQSJTF3$"SPVHF
7JE¹P$PNQPTJUFQSJTF3$"KBVOF
˜ÌÀjiÃÊiÌÊ-œÀ̈iÃÊ6ˆ`jœ
$FTDPOOFYJPOTTPOUVUJMJT¹FTQPVSUSBOTQPSUFS
EFTTJHOBVYWJE¹PEFQVJTFUWFSTMBQQBSFJM
4FSFQPSUFSµMBTFDUJPOj#SBODIFNFOUTx
QPVSEFTJOTUSVDUJPOTTQ¹DJmRVFTFOGPODUJPO
EFDIBRVFUZQFEBQQBSFJM
-BQQBSFJMPGGSFEFTDPOOFYJPOTWJE¹PDPN
QPTJUF47JE¹PWJE¹P$PNQPTBOUFT-FT
QSJTFTDPNQPTJUFTJNQMJmFOUMBDPOmHVSBUJPO
EFMJOTUBMMBUJPOUPVUFGPJTMFTQSJTFT47JE¹P
PGGSFOUVOFNFJMMFVSFRVBMJU¹EJNBHF-FT
QSJTFTWJE¹P$PNQPTBOUFTFU)%.*GPVS
OJTTFOUMBNFJMMFVSFRVBMJU¹EJNBHFQPT
TJCMFFUTPOUSFDPNNBOE¹FTQPVSMB57)%
PVMFT%7%WJE¹P¹RVJQ¹TEVTZTU¼NF1SP
HSFTTJWF4DBO
"/Ê\Ê*œÕÀÊ՘Êvœ˜V̈œ˜˜i“i˜ÌÊVœÀÀiVÌ]Ê̜ÕÃÊ
iÃÊ>««>ÀiˆÃÊiÌʏiÊÌjjۈÃiÕÀÊDʏˆ>ˆÃœ˜ÊÊ
LÀ>˜V…jÃÊÃÕÀʏ½>««>ÀiˆÊ`œˆÛi˜ÌÊkÌÀiÊVœ“«>‡
̈LiÃÊ>ÛiVʏ>ʘœÀ“iÊÊ6iÀȜ˜Ê£°£°Ê
iÃÊ
LÀ>˜V…i“i˜ÌÃÊÊܘÌÊ`½>ÕÌÀiÊ«>ÀÌÊVœ“«>‡
̈LiÃÊi˜Êۈ`jœÊ>ÛiVʏiÃÊ«ÀˆÃiÃÊ6]Êi˜ÊṎˆÃ>˜ÌÊ
՘Ê>`>«Ì>ÌiÕÀ‡V@LiÊ6‡Ê>««Àœ«Àˆj°
-BQQBSFJMFTUDBQBCMFEBCBJTTFSPVE¹MFWFS
EPXOTDBMJOHFUVQTDBMJOH
MBS¹TPMVUJPOEF
TPSUJFQPVSTBEBQUFSBVYEJGG¹SFOUTGPSNBUT
WJE¹PVUJMJT¹T-FTTJHOBVYWJE¹PDPNQPTJUF
PV4WJE¹PQFVWFOUºUSFBJOTJTVS¹DIBO
UJMMPOO¹TµMBE¹mOJUJPOQQQ
JFUQTVSVOU¹M¹WJTFVSBWFDFO
US¹FWJE¹P$PNQPTBOUFT)%57PV)%.*FO
VUJMJTBOUMFS¹HMBHFBQQSPQSJ¹EBOTMFNFOV
7*%&0)%.*
349349341
*OWFSTFNFOUVOTJHOBMWJE¹PEFOUS¹FTVS
QSJTF)%.*PVWJE¹P$PNQPTBOUFTQFVUºUSF
TPVT¹DIBOUJMMPOO¹EFJPVQWFST
QQFODIPJTJTTBOUMFS¹HMBHFBQ
QSPQSJ¹EBOTMFNFOV7*%&0)%.*
6OTJHOBMEFOUS¹FEFUZQFQOFQFVU
ºUSFTPVT¹DIBOUJMMPOO¹FUUSBWFSTFMBQQB
SFJMTBOTBVDVOFNPEJmDBUJPORVFMRVFTPJU
MFS¹HMBHFDIPJTJ
"/Ê\Ê>ÊÜÀ̈iÊۈ`jœÊ
œ“«œÃ>˜ÌiÃÊ/6Ê
iÃÌÊÜՓˆÃiÊDʏ>Ê«ÀœÌiV̈œ˜ÊVœ˜ÌÀiʏ>ÊVœ«ˆiÊ
*°ÊiʘiÊ«iÕÌÊ>vwV…iÀÊ՘iÊÀj܏Ṏœ˜Ê`iÊ
ÇÓä«ÊœÕÊ£änäˆÊÈʏ>ÊÜÕÀViÊۈ`jœÊÕiʈ˜Ìm}ÀiÊ
ViÌÌiÊ«ÀœÌiV̈œ˜°
1SFOF[FODPNQUFMFTQPJOUTTVJWBOUTQPVSMB
DPOmHVSBUJPOEFWPUSFJOTUBMMBUJPO
0O4DSFFO%JTQMBZBGmDIBHFµM¹DSBO
-FTZTU¼NF04%EFMBQQBSFJMGPODUJPOOF
TVSMFTNPOJUFVST57RVFMRVFTPJUMFUZQF
EFDPOOFYJPOWJE¹PDPNQPTJUF47JE¹PWJ
E¹P$PNQPTBOUFTPV)%.*FOUSFMFTTPS
UJFTDPSSFTQPOEBOUFTEFMBQQBSFJMFUMFU¹
M¹WJTFVS.BJTMBS¹TPMVUJPOEFTNFOVTFTU
EJTQPOJCMFVOJRVFNFOUFOJJTVS
MFTTPSUJFTWJE¹PDPNQPTJUFFU4o7JE¹PFU
QQTVSVONPOJUFVS)%57-PST
RVFMFNPOJUFVSFTUCSBODI¹VOJRVFNFOUTVS
MFTQSJTFTWJE¹P$PNQPTBOUFTFUQBTWJBMB
QSJTF)%.*
MFTNFOVT04%TPOUEJTQPOJ
CMFTFOJJ
n
"/Ê\ÊÛiVʏ½>««>Àiˆ]ʏiʓœ˜ˆÌiÕÀÊ/6ʘiÊ
«iÕÌÊ«>ÃÊ>vwV…iÀʏiÊÈ}˜>Êۈ`jœÊiÌʏiÃʓi˜ÕÃÊ
"-Êi˜Ê“k“iÊÌi“«Ã°Ê+Õ>˜`ʏiÃÊ«Àˆ˜Vˆ«>ÕÝÊ
“i˜ÕÃÊ`iÊÀj}>}iÊ"-ÊܘÌÊ>V̈ÛjÃ]ʏ½ˆ“>}iÊ
ۈ`jœÊ«Àˆ˜Vˆ«>iÊiÃÌÊVœÕ«jiÊiÌÊÀj>V̈ÛjiÊ`mÃÊ
µÕiʏiÃʓi˜ÕÃÊ"-ÊܘÌÊjÌiˆ˜ÌðÊiÃÊjVÀ>˜ÃÊ
`½ˆ˜vœÀ“>̈œ˜ÃÊÌi“«œÀ>ˆÀiÃÊ`iʏ½"-Ê>vwV…jÃÊ
ۈ>Ê՘iÊi˜ÌÀjiÊۈ`jœÊVœ“«œÃˆÌiʜÕÊ-‡6ˆ`jœÊ
˜½œ˜ÌÊ«>ÃÊ`iÊÀ>««œÀÌÊ>ÛiVʏ>ÊÀj܏Ṏœ˜Ê`iÊ
ÜÀ̈iÊۈ`jœÊivviV̈Ûi°
$POWFSUJTTFVSEFTPSUJF-BQQBSFJMDPO
WFSUJUMFTTJHOBVYDPNQPTJUFFU47JE¹PFO
TJHOBVYDPNQPTBOUFTQPVSMFNPOJUFVS57
BVTUBOEBSE1"-PV/54$1PVSVONBYJ
NVNEFDPNNPEJU¹CSBODIF[MBQQBSFJMBV
U¹M¹WJTFVSBWFDMFTDPOOFYJPOT$PNQPTBOUFT
PVMBQSJTF)%.*
"/Ê\Ê+Õ>˜`ÊۜÕÃʓœ`ˆwiâʏ>ÊÀj܏Ṏœ˜Ê`iÊ
ÜÀ̈iÊۈ>ʏiʓi˜ÕÊ6"ÉÊi˜ÊVœÕÀÃÊ`½>v‡
wV…>}iÊ`½Õ˜iʓˆ˜ÕÌi]ÊjÌiˆ}˜iâʫՈÃÊÀ>Õ“iâÊ
½>««>ÀiˆÊ>w˜Ê`iÊÃÌ>LˆˆÃiÀʏ½ˆ“>}iÊ`>˜Ãʏ>Ê
˜œÕÛiiÊÀj܏Ṏœ˜Êۈ`jœÊV…œˆÃˆi°
-BQMVQBSUEFTU¹M¹WJTFVST)BVUF%¹mOJUJPO
)%57
BKVTUFOUMFTWJUFTTFTEFCBMBZBHFFU
EBVUSFTQBSBN¼USFTWJE¹PFOGPODUJPOEV
UZQFEFDPOOFYJPOEFOUS¹F/PVTWPVTDPO
TFJMMPOTEVUJMJTFSQMVTJFVSTDPOOFYJPOTFOUSF
MFQSPDFTTFVSPVMBNQMJUVOFSFUMFU¹M¹WJTFVS
FUEFCBTDVMFSEVOFFOUS¹FµMBVUSFQPVS
UJSFSQSPmUEFDFTDBSBDU¹SJTUJRVFTFOMBJT
TBOUBMPSTMFU¹M¹WJTFVSDIPJTJSMBNFJMMFVSF
S¹TPMVUJPOMVJ¹UBOUBEBQU¹F
"/Ê\Ê iÊ«>ÃÊLÀ>˜V…iÀÊȓՏÌ>˜j“i˜ÌʏiÃÊ
ÜÀ̈iÃÊÊiÌÊۈ`jœÊ
œ“«œÃ>˜ÌiÃ]ÊV>ÀʏiÃÊ
`iÕÝÊÈ}˜>ÕÝÊ«iÕÛi˜ÌÊ>œÀÃÊýˆ˜yÕi˜ViÀʘj‡
}>̈Ûi“i˜ÌÊȓՏÌ>˜j“i˜Ì°Ê6œˆÀÊj}>i“i˜ÌʏiÊ
«>À>}À>«…iÊÊ\Ê+ÕiÃ̈œ˜ÃÊvÀjµÕi““i˜ÌÊ
«œÃjiÃ]Ê«ÕÃʏœˆ˜Ê`>˜ÃÊViʓ>˜Õi°
&OUS¹FTWJE¹P)%.*
349W
349A
341K
$FTFOUS¹FT)%.*QFSNFUUFOUEFGBJSFUSBO
TJUFSVOTJHOBMWJE¹POVN¹SJRVFQPVSVUJMJTB
UJPOEFTOPVWFMMFTTPVSDFTWJE¹P¹RVJQ¹FT
EVOFQSJTFEFTPSUJF)%.*PV%7*%BWFD
EBOTDFDBTVUJMJTBUJPOEVOBEBQUBUFVS%7*
)%.*
-BMJBJTPO)%.*FTUDPNQBUJCMFBWFD
MFTTJHOBVYWJE¹PQSPHSFTTJGTFUEFOJNQPSUF
RVFMMFS¹TPMVUJPOKVTRVµQ-FTQSJTFT
)%.*W¹IJDVMFOUOPSNBMFNFOUMFTJHOBMBVEJP
OVN¹SJRVFDPSSFTQPOEBOUNBJTWPVTQPV
WF[BVTTJVUJMJTFSVOFMJBJTPOBVEJPJOE¹QFO
EBOUFµQBSUJSEFTTPVSDFT¹RVJQ¹FTEVOF
QSJTFWJE¹P)%.*
2VBUSFFOUS¹FTSFQ¹S¹FT)%.*7*%&0
*/BDDFQUFOUMFTTJHOBVYWJE¹PWJBEFT
QSJTFT)%.*FOQSPWFOBODFEFOJNQPSUF
RVFMMFTPVSDF
340-65*0/4%&4035*&7*%0
ÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊ
Ê
Ê
ÊÊÊÊÊÊ
œ“«œÃˆÌiÊÊÊÊÊÊ-‡6ˆ`iœÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊ
œ“«œ˜i˜ÌʜÕÌ«ÕÌÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊ«Õ}}i`ÊʜÕÌ«ÕÌÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊ
*1/Ê6"
ÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊ
ÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊ
ÊÊÊÊÊÊÊÊÊÊʜÕÌÊ ÊÊÊÊÊÊʜÕÌÊÊÊÊÊÊÊÊÊ{näˆÉxÇȈÊÊÊ{nä«ÉxÇÈ«ÊÊÊÊÊÊÇÓä«ÊÊÊÊÊÊÊÊÊÊÊ£änäˆÊÊÊÊÊÊÊÊÊÊ£änä«ÊÊÊÊÊÊ{näˆÉxÇȈÊÊÊ{nä«ÉxÇÈ«ÊÊÊÊÊÊÇÓä«ÊÊÊÊÊÊÊÊÊ£änäˆÊÊÊÊÊÊÊ£änä«ÉÓ{ÊÊÊÊÊÊ£änä«ÊÊÊÊÊ
ÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊ√√√√√√√√√√
ÊÊÊ
œ“«œÃˆÌiÊ Ê{näˆÉxÇÈˆÊ ÊÊÊÊÊÊÊÊÊÊÊÊÊ
Ê
Ê
Ê
Ê
Ê
Ê
Ê
ÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊ
Ê√√√√√√√√√√
ÊÊÊÊÊ-‡6ˆ`iœÊ Ê{näˆÉxÇȈÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊ
Ê√√√√√√√
Ê
Ê{näˆÉxÇȈÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊ
Ê√√√√√
Ê
Ê{nä«ÉxÇÈ«ÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊ
ÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊ√√√√√
ÊÊ
œ“«œ˜i˜ÌÊ ÊÇÓä«Ê­ÈäÉxä®ÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊ
Ê√√√√√
Ê
Ê£änäˆÊ­ÈäÉxä®ÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊ
√
Ê
Ê£änä«Ê­ÈäÉxä®ÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊ
√
Ê
Ê{näˆÉxÇȈÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊ
√
Ê
Ê{nä«ÉxÇÈ«ÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊ
√
ÊÊ
ÊÇÓä«Ê­ÈäÉxä®ÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊ
Ê
√
ÊÊÊÊ
Ê
Ê£änäˆÊ­ÈäÉxä®ÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊ
√
Ê
Ê£änä«ÊÓ{ÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊ
√
Ê
Ê£änä«Ê­ÈäÉxä®ÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊ
'SBO¸BJT
™
"/Ê\Ê-ˆÊۜÕÃÊṎˆÃiâÊ՘iʏˆ>ˆÃœ˜Ê`iÊÌÞ«iÊ
]ʏiÊÌjjۈÃiÕÀÊ«iÕÌÊ>vwV…iÀʏiÃʓi˜ÕÃÊ
Dʏ½jVÀ>˜Ê"-]ÊiÌÊj}>i“i˜ÌÊ`iÃÊÈ}˜>ÕÝÊ
`½i˜ÌÀjiÊ>ÕÝÊvœÀ“>ÌÃÊ>˜>œ}ˆµÕiÃÊۈ`jœÊ
Vœ“«œÃˆÌi]Ê-‡Ûˆ`jœÊœÕÊۈ`jœÊ
œ“«œÃ>˜ÌiÃ]Ê
}À@ViÊDÊÃiÃÊV>«>VˆÌjÃÊ`iʓœ`ˆwV>̈œ˜Ê`iʏ>Ê
Àj܏Ṏœ˜Êۈ`jœÊi˜ÊÜÀ̈i]Ê«>ÀÊÀ>««œÀÌÊDʏ>Ê
Àj܏Ṏœ˜Ê`iʏ½i˜ÌÀji°
$0.104*5&*/
&OUS¹FTWJE¹P$PNQPTJUF
349E
349K
341R
5SPJTFOUS¹FTBDDFQUFOUMFTTJHOBVYWJE¹PBV
TUBOEBSEDPNQPTJUFEFQVJTEFTTPVSDFTVUJ
MJTBOUEFTD³CMFTWJE¹P3$"PINT
$0.104*5&065
4PSUJFT7JE¹P$PNQPTJUF
349F
349
341C
$FTEFVYQSJTFT3$"SFQ¹S¹FT$0.104*5&
7*%&0065TPOUEFTDPOOFYJPOTRVJ
USBOTQPSUFOUEFTTJHOBVYWJE¹PDPNQPTJUF
QPVSMFOSFHJTUSFNFOUTVSVONBHO¹UPTDPQF
PVUPVUBVUSFBQQBSFJMFOSFHJTUSFVS
$FTTPSUJFTDPSSFTQPOEFOUBVYDPOOFYJPOT
EFOUS¹F$0.104*5&*/3FTQFDUF[VOF
DFSUBJOFDPI¹SFODFEBOTMFTCSBODIFNFOUT4J
WPVTSBDDPSEF[VONBHO¹UPTDPQFBVYFOUS¹FT
$0.104*5&SBDDPSEF[MBTPSUJF$0.
104*5&BVNºNFNBHO¹UPTDPQF
"/Ê\ʽ>««>ÀiˆÊ˜iÊ«iÕÌÊ«>ÃÊVœ˜ÛiÀ̈ÀÊ`iÃÊ
È}˜>ÕÝÊ-‡6ˆ`jœ]Ê
œ“«œÃ>˜ÌiÃʜÕÊÊi˜Ê
ۈ`jœÊVœ“«œÃˆÌi°Ê*>ÀÊVœ˜ÃjµÕi˜Ì]ÊÃiՏÃʏiÃÊ
È}˜>ÕÝÊÀiXÕÃÊÃÕÀʏiÃÊi˜ÌÀjiÃÊۈ`jœÊVœ“«œÃˆÌiÊ
ܘÌÊ`ˆÃ«œ˜ˆLiÃÊÃÕÀÊViÃÊÜÀ̈ið
47*%&0*/
&OUS¹FT47JE¹P
349E
349K
341R
$FTUSPJTFOUS¹FTSFQ¹S¹FT47*%&0*/
BDDFQUFOUMFTTJHOBVY47JE¹PFOQSPWF
OBODFEFTTPVSDFT
47*%&0
4PSUJFT47JE¹P
349F
349
341C
$FTEFVYQSJTFT47JE¹PSFQ¹S¹FT47*%&0
065TPOUEFTDPOOFYJPOTRVJUSBOTNFU
UFOUEFTTJHOBVY47JE¹PQPVSMFOSFHJTUSF
NFOUTVSVONBHO¹UPTDPQFPVUPVUBVUSF
BQQBSFJMFOSFHJTUSFVS
$FTTPSUJFTDPSSFTQPOEFOUBVYDPOOFYJPOT
EFOUS¹F47*%&0*/3FTQFDUF[VOFDFS
UBJOFDPI¹SFODFEBOTMFTCSBODIFNFOUT4J
WPVTSBDDPSEF[VONBHO¹UPTDPQFBVYFO
US¹FT7*%&0SBDDPSEF[MBTPSUJF7*%&0
BVNºNFNBHO¹UPTDPQF
"/Ê\ʽ>««>ÀiˆÊ˜iÊ«iÕÌÊ«>ÃÊVœ˜ÛiÀ̈ÀÊ`iÃÊ
È}˜>ÕÝÊۈ`jœÊVœ“«œÃˆÌi]Ê
œ“«œÃ>˜ÌiÃʜÕÊ
Êi˜ÊÈ}˜>ÕÝÊ-‡6ˆ`jœ°Ê-iՏÃʏiÃÊÈ}˜>ÕÝÊ
ÀiXÕÃÊ>ÕÝÊi˜ÌÀjiÃÊ-‡6ˆ`jœÊܘÌÊ`ˆÃ«œ˜ˆLiÃÊ
ÃÕÀÊViÃÊÜÀ̈ið
$0.10/&/57*%&0
&OUS¹FT7JE¹P$PNQPTBOUFT
349K
349B
341I
-FTDPOOFYJPOTWJE¹P$PNQPTBOUFTTDJO
EFOUMBWJE¹PFOUSPJTTJHOBVYMVNJOBODF
:
FUEFVYTJHOBVYEFDISPNJOBODFT¹QB
S¹T1#FU13
$FQSPD¹E¹QFSNFUEPCUFOJS
VOFJNBHFEFUS¼TIBVUFRVBMJU¹BWFDEFT
TJHOBVYIBVUFE¹mOJUJPO-FTDPOOFYJPOT
$PNQPTBOUFTTPOUSFDPNNBOE¹FTBWFDMFT
MFDUFVSTEF%7%¹RVJQ¹EVTZTU¼NF1SPHSFT
TJWF4DBOFUMFTS¹DFQUFVST57OVN¹SJRVFT
IBVUFE¹mOJUJPO$IBDVOEFDFTTJHOBVY
FTUUSBOTQPSU¹QBSVOD³CMFWJE¹PPINT
¹RVJQ¹EFQSJTFT3$"
5SPJTT¹SJFTEFOUS¹FTSFQ¹S¹FT$0.10/&/5
7*%&0*/BDDFQUFOUMFTTJHOBVY$PN
QPTBOUFTFOQSPWFOBODFEFTTPVSDFT
"/Ê\Ê-ˆÊۜÕÃÊṎˆÃiâÊ՘ÊÈ}˜>Êۈ`jœÊ*Àœ‡
}ÀiÃÈÛiÊ-V>˜ÊœÕÊ՘ÊÈ}˜>Ê£änäˆÊDÊ«>À̈ÀÊ
`iÃÊi˜ÌÀjiÃÊۈ`jœÊ
œ“«œÃ>˜ÌiÃ]ʏiʓœ˜ˆÌiÕÀÊ
/6ʘiÊ«iÕÌÊ«>ÃÊ>vwV…iÀʏiÊÈ}˜>Êۈ`jœÊiÌʏiÃÊ
“i˜ÕÃÊ"-Êi˜Ê“k“iÊÌi“«Ã°ÊiÊ«>À>“mÌÀiʁÊ
*Àœ}ÀiÃÈÛiʂÊ`Õʓi˜ÕÊ"«Ìˆœ˜ÃÊ`½vwV…>}iÊ
­ˆÃ«>ÞÊ"«Ìˆœ˜Ã®Ê«iÀ“iÌÊ`½ṎˆÃiÀʏiÃÊ«Àˆ˜Vˆ‡
«>ÕÝʓi˜ÕÃÊ`iÊÀj}>}iÊ"-ʓk“iÊ>ÛiVÊ`iÃÊ
È}˜>ÕÝÊ/6ʜÕÊ*Àœ}ÀiÃÈÛiÊ-V>˜°Ê+Õ>˜`Ê
iÃÊ«Àˆ˜Vˆ«>ÕÝʓi˜ÕÃÊ`iÊÀj}>}iÊ"-ÊܘÌÊ
>V̈ÛjÃ]ʏ½i˜ÌÀjiÊۈ`jœÊ*Àœ}ÀiÃÈÛiÊ-V>˜ÊiÃÌÊ
VœÕ«jiÊiÌÊÀj>V̈ÛjiÊ`mÃʵÕiʏiÃʓi˜ÕÃÊ"-Ê
ܘÌÊjÌiˆ˜ÌðÊiÃÊjVÀ>˜ÃÊ`½ˆ˜vœÀ“>̈œ˜ÃÊÌi“‡
«œÀ>ˆÀiÃÊ`iʏ½"-Ê­ˆ˜`ˆµÕ>˜ÌʏiÊÀj}>}iÊ`ÕÊ
ۜÕ“i]ÊÌiV°®Ê˜iÊܘÌÊ«>ÃÊ>vwV…jð
4PSUJFT.POJUFVS57)BVUF
%¹mOJUJPO
349U
349UM
341J -FTTPSUJFTU¹M¹WJTFVSSFQ¹S¹FT57.0/*503
EFMBQQBSFJMUSBOTNFUUFOUMFTJHOBMWJE¹Pµ
WPUSFU¹M¹WJTFVSPVEJGGVTFVSWJE¹P2VB
USFUZQFTEFTPSUJFTWJE¹PTPOUEJTQPOJCMFT
)%.*MJBJTPOOVN¹SJRVF
DPNQPTJUF3$"
47JE¹PFU$PNQPTBOUFT
-FTTPSUJFT)%.*PVWJE¹P$PNQPTBOUFT
EPJWFOUJNQ¹SBUJWFNFOUºUSFVUJMJT¹FTQPVS
C¹O¹GJDJFSEJNBHFTFOIBVUFE¹GJOJUJPO
%BJMMFVSTEBOTMBQMVQBSUEFTDBTTFVMT
DFTUZQFTEFQSJTFTTPOUEJTQPOJCMFTTVSMFT
U¹M¹WJTFVST)%57
-FTTPSUJFT)%.*QFVWFOUUSBOTNFUUSFUPVTMFT
TJHOBVYWJE¹PIBVUFE¹mOJUJPOOBUJGTPVBN¹
MJPS¹TKVTRVBVYS¹TPMVUJPOTMFTQMVT¹MFW¹FT
QQQJPVQ
-FT
TPSUJFTWJE¹P$PNQPTBOUFTTPOUDPNQBUJCMFT
BWFDUPVUFTDFTS¹TPMVUJPOTTBVGMFQ
-BS¹TPMVUJPOTUBOEBSEJJOFTUQBT
EJTQPOJCMFTVSMFTTPSUJFTWJE¹P$PNQPTBO
UFTPV)%.*NBJTMBQQBSFJMFTUDBQBCMFEF
TVS¹DIBOUJMMPOOFSDFUUFS¹TPMVUJPOTUBOEBSE
QPVSFOC¹O¹mDJFSTVSDFTTPSUJFT
"/Ê\Ê iÊLÀ>˜V…iâÊ«>ÃÊȓՏÌ>˜j“i˜ÌʏiÃÊ
«ÀˆÃiÃÊۈ`jœÊ
œ“«œÃ>˜ÌiÃÊiÌÊÊÃÕÀÊ՘Ê
ÌjjۈÃiÕÀ]ÊV>ÀʏiÃÊÈ}˜>ÕÝÊ`iÃÊ`iÕÝʈ“>}iÃÊ
VœÀÀi뜘`>˜ÌiÃÊ«iÕÛi˜ÌÊÃiÊ«iÀÌÕÀLiÀʓՇ
ÌÕii“i˜Ì°
-BS¹TPMVUJPOEFTPSUJFFTUE¹UFSNJO¹FEBOT
MFNFOVEFS¹HMBHF7*%&0)%.*QPVSRVF
UPVTMFTTJHOBVYWJE¹PEFUPVUFTMFTTPVSDFT
RVFMMFRVFOTPJUMBS¹TPMVUJPO
TPJFOUDPO
WFSUJTEBOTMBS¹TPMVUJPODIPJTJF
"/Ê\ʜÀõÕiʏ>ÊÀj܏Ṏœ˜Ê`iÊÜÀ̈iÊiÃÌÊ
“œ`ˆwjiÊ«i˜`>˜ÌʏiÊvœ˜V̈œ˜˜i“i˜Ì]Ê`>˜ÃÊ
iʓi˜ÕÊ6"É]ʈÊ«iÕÌÊkÌÀiʘjViÇ
Ã>ˆÀiÊ`½jÌiˆ˜`ÀiʫՈÃÊ`iÊÀ>Õ“iÀʏ½>««>ÀiˆÊ
«œÕÀÊÃÌ>LˆˆÃiÀʏ½ˆ“>}iÊ`>˜Ãʏ>ʘœÕÛiiÊÀj‡
܏Ṏœ˜ÊV…œˆÃˆi°
*OGPSNBUJPOTDPNQM¹NFOUBJSFTDPODFSOBOU
MFTTPSUJFT)BVUF%¹mOJUJPO
t &OS¼HMFH¹O¹SBMFMBMJBJTPO)%.*FTU
MBNFJMMFVSFQPTTJCMFQPVSMFT¹DSBOTPV
QSPKFDUFVSTOVN¹SJRVFTIBVUFE¹mOJUJPO
349349341
UFMTRVFMFT-$%QMBTNBPV%-16UJMJTF[
MBTPSUJFWJE¹P$PNQPTBOUFTBWFDMFTU¹
M¹WJTFVST)BVUF%¹mOJUJPOBOBMPHJRVFT
DPNNFDFVYVUJMJTBOUFODPSFEFTUVCFT
DBUIPEJRVFTUSBEJUJPOOFMT
t -BTPSUJF)%57WJE¹P$PNQPTBOUFTFTU
DPODFSO¹FQBSMFTZTU¼NFBOUJDPQJF)%$1
&MMFOFQFVUEPODWPJSTBS¹TPMVUJPONP
EJm¹FWFSTMFTTUBOEBSETQPVJ
TJMFTJHOBMEFMBTPVSDFFTUQSPU¹H¹DPO
USFMBDPQJF$FQFOEBOUTJMFQBSBN¼USF
EFTPSUJFWJE¹P7JEFP0VUFTUS¹HM¹TVS
QQEBOTMFNFOV7*%&0)%.*
UPVUFTMFTTPVSDFTSFTUFOUEJTQPOJCMFT
t -BQQBSFJMVUJMJTFMFTUBOEBSE)%.*7FS
-FTEJGGVTFVSTWJE¹P¹RVJQ¹TEVOF
QSJTF)%.*EPJWFOUºUSFDPNQBUJCMFTBWFD
DFUUFWFSTJPO
t -FTJHOBMWJE¹PFOWPZ¹WJBDFUUFFOUS¹F
OFTBGmDIFSBDPSSFDUFNFOURVFTJUPVT
MFTNBJMMPOT)%.*VUJMJT¹TEBOTMBDIB¾OF
ZDPNQSJTMFEJGGVTFVSTPOUUPUBMFNFOU
DPNQBUJCMFTBWFDMFTZTU¼NFBOUJDPQJF
)%$1
t 4FVMTMFTTJHOBVYBVEJPFOQSPWFOBODF
EJSFDUFEFMBTPVSDFTPOUFOWPZ¹TQBSBM
M¼MFNFOUBVU¹M¹WJTFVSWJBMBQSJTF)%.*
1PVSFOWPZFSVOTJHOBMBVEJPE¹DPE¹QBS
MBQQBSFJMWFSTMFU¹M¹WJTFVSWPVTEFWF[
T¹MFDUJPOOFSMPQUJPOj57.PEFxEBOT
MFNFOV7*%&0)%.*
t %FTU¹M¹WJTFVST¹RVJQ¹TEVOFFOUS¹FEF
UZQF%7*%QFVWFOUºUSFSFMJ¹TµMBQQBSFJM
WJBTBTPSUJF)%.*FOVUJMJTBOUVOBEBQ
UBUFVS%7*)%.*CSPDIFTDPNQBUJCMF
*MQFVUDFQFOEBOUZBWPJSRVFMRVFTDBT
EJODPNQBUJCJMJU¹OPUBNNFOUBWFDMFT
QSJTFT%7*%EFTNPOJUFVST57MFTQMVT
BODJFOT
t 6UJMJTF[MFDJSDVJU¹DIBOUJMMPOOFVSWJE¹P
EFMBQQBSFJMWJBMFQBSBN¼USFj7*%&0
065'03."5xEVNFOV7*%&0)%.*
QPVST¹MFDUJPOOFSFYBDUFNFOUMFGPSNBU
FOGPODUJPOEFMBS¹TPMVUJPOOBUJWFEVU¹
M¹WJTFVSVUJMJT¹
£ä
4PSUJFT.POJUFVS57TUBOEBSE
349G
349Y
341F
-FTTPSUJFT47JE¹PPVWJE¹PDPNQPTJUFSF
Q¹S¹FT57.0/*503EFMBQQBSFJMTPOUDPO
¸VFTQPVSFOWPZFSVOTJHOBMWJE¹PDMBTTJRVF
TVSMFTU¹M¹WJTFVSTTUBOEBSE
$FTTPSUJFTWJE¹PQFVWFOUVOJRVFNFOUFOWPZFS
VOTJHOBMEFUZQFJJWFSTMFU¹M¹WJTFVS
&MMFTOFTFSPOUVUJMJT¹FTFOQSBUJRVFRVBWFD
EFTTPVSDFTOFEJGGVTBOUMBWJE¹PRVFEBOT
DFGPSNBUTUBOEBSE%FTTJHOBVYJTTVTEF
MFDUFVSTEF%7%BWFDTZTU¼NFEFCBMBZBHF
QSPHSFTTJGPVEFTTPVSDFTWJE¹P)BVUF%¹
mOJUJPOOFQFVWFOUºUSFjTPVT¹DIBOUJMMPO
O¹FTxQPVSC¹O¹mDJFSEFDFTQSJTFT47JE¹P
PVWJE¹PDPNQPTJUF
%BOTMBNBKPSJU¹EFTDBTMFTTPSUJFT47JE¹P
QSPDVSFOUDFQFOEBOUVOFNFJMMFVSFRVBMJU¹
EJNBHFRVFMFTTPSUJFTWJE¹PDPNQPTJUF
4PSUJFT7JE¹P;0/&7*%0
349<
349J
341@
-FTTPSUJFTWJE¹P;0/&7*%&0EF-BQQB
SFJMQFSNFUUFOUEFOWPZFSVOTJHOBMWJE¹P
DPNQPTJUFWFSTVOU¹M¹WJTFVSJOTUBMM¹EBOT
MFT;POFTPV
"/Ê\Ê*œÕÀʏiÃʓœ`miÃÊ,-8‡£xÈäÊiÌÊ,-*‡
£xÇä]ÊÃiՏÊ՘ÊÈ}˜>Êۈ`jœÊ`iÊÌÞ«iÊVœ“«œÃˆÌiÊ
œÕÊ-‡6ˆ`jœÊiÃÌÊ`ˆÃ«œ˜ˆLiÊÃÕÀʏiÃÊÜÀ̈iÃÊ<" Ê
6"°Ê*œÕÀʏiʓœ`miÊ,-8‡£xxä]ÊÃiՏÊ՘Êȇ
}˜>Êۈ`jœÊ`iÊÌÞ«iÊVœ“«œÃˆÌiÊiÃÌÊ`ˆÃ«œ˜ˆLiÊ
ÃÕÀʏiÃÊÜÀ̈iÃÊ<" Ê6"°
"/Ê\ʽ>««>ÀiˆÊ«iÕÌ]Ê}À@ViÊ>ÕÝÊi˜ÌÀjiÃÊ
>Õ`ˆœÊ˜Õ“jÀˆµÕiÃ]Ê`jVœ`iÀÊi˜Êˆ˜ÌiÀ˜iÊViÀ‡
Ì>ˆ˜ÃÊÈ}˜>ÕÝÊi˜ÛœÞjÃÊ«>ÀʏiÃÊÜÕÀViðÊ6œÕÃÊ
`iÛiâÊ«>ÀÊiÝi“«iʈ“«jÀ>̈Ûi“i˜ÌÊṎˆÃiÀÊ
՘iÊVœ˜˜i݈œ˜Ê˜Õ“jÀˆµÕiÊ>ÛiVÊ՘ʏiVÌiÕÀÊ`iÊ
6Ê«œÕÀʏˆÀiʏiÃÊÈ}˜>ÕÝÊVœ`jÃʜLÞʈ}ˆÌ>Ê
œÕÊ/-ÊÆÊȘœ˜]ʏ½>««>ÀiˆÊÃiÀ>ʈ˜V>«>LiÊ`iÊ
`jVœ`iÀÊViÃÊvœÀ“>Ìð
*MZBTFQUFOUS¹FTOVN¹SJRVFTUSPJTQBSD³
CMFDPBYJBMFURVBUSFQBSmCSFPQUJRVFQMVT
MBQSJTF)%.*DBQBCMFEFW¹IJDVMFSMFTJHOBM
BVEJPOVN¹SJRVFDPSSFTQPOEBOUµMBTPVSDF
WJE¹P$FTFOUS¹FTQFVWFOUºUSFBUUSJCV¹FTµ
OJNQPSUFRVFMMFTPVSDFFOVUJMJTBOUM¹DSBO
4¹MFDUJPOEFT&OUS¹FT*/1654&561QFOEBOU
MBQSPD¹EVSFEFDPOmHVSBUJPO1BSFYFNQMF
WPVTQPVWF[BUUSJCVFSMFOUS¹FOVN¹SJRVF
$0"9*"-µMBTPVSDF7*%&0FUMFOUS¹F
015*$"-µMBTPVSDF7*%&01BSE¹GBVU
MFTEJGG¹SFOUFTDPNNBOEFTTPOUDPOmHVS¹FT
QPVSMFTFOUS¹FTTVJWBOUFT
$%
5VOFS
5BQF
7JEFP
7JEFP
7JEFP
7JEFP
7JEFP
$PBYJBMOVN¹SJRVF
"OBMPHJRVF
$PBYJBMOVN¹SJRVF
)%.*"VEJP)%.*
)%.*"VEJP)%.*
0QUJRVFOVN¹SJRVF
0QUJRVFOVN¹SJRVF
$PBYJBMOVN¹SJRVF
"/Ê\Ê+Õ>˜`ÊۜÕÃÊṎˆÃiâʏiÃÊVœ˜˜i݈œ˜ÃÊ
˜Õ“jÀˆµÕiÃ]ʘœÕÃÊۜÕÃÊÀiVœ““>˜`œ˜ÃÊ`iÊ
LÀ>˜V…iÀÊj}>i“i˜ÌʏiÃÊi˜ÌÀjiÃÊ>Õ`ˆœÊ>˜>‡
œ}ˆµÕiÃÊ`jVÀˆÌiÃÊ«ÀjVj`i““i˜Ì°Ê>ʏˆ>ˆÃœ˜Ê
>˜>œ}ˆµÕiÊiÃÌʘjViÃÃ>ˆÀiÊ«œÕÀÊi˜Ài}ˆÃÌÀiÀÊ
ÃÕÀÊ՘Êi˜Ài}ˆÃÌÀiÕÀÊ>˜>œ}ˆµÕiÊ`>˜ÃÊViÀÌ>ˆ‡
˜iÃÊVˆÀVœ˜ÃÌ>˜ViÃ]ʜÕÊ«œÕÀʏiÊvœ˜V̈œ˜˜i“i˜ÌÊ
`iÃʓœ`iÃÊ<" °
4PSUJFTOVN¹SJRVFT
˜ÌÀjiÃÊiÌÊÜÀ̈iÃÊÕ`ˆœ
-BQQBSFJMQSPQPTFµMBGPJTEFTCSBODIFNFOUT
BVEJPBOBMPHJRVFTFUOVN¹SJRVFT
&OUS¹FT/VN¹SJRVFT
349T
349N
341V
-BQQBSFJMBDDFQUFMFTTJHOBVYOVN¹SJRVFT
EFTPVSDFTUFMTRVFMFTMFDUFVSTEF$%MFT
UVOFSTTBUFMMJUFFUMFTMFDUFVSTEF%7%-F
QSPDFTTFVSOVN¹SJRVFJOUFSOFE¹UFDUFFU
E¹UFSNJOFMFTGS¹RVFODFTE¹DIBOUJMMPOOB
HFBEBQU¹FT
349N
349:
341Q
-BQQBSFJMQPTT¼EFEFVYTPSUJFTOVN¹SJRVFT
DPBYJBMFFUPQUJRVF
QPVSSFOWPZFSMFTJHOBM
OVN¹SJRVFSF¸VEFQVJTOJNQPSUFMBRVFMMF
EFTFOUS¹FTWFSTVOFOSFHJTUSFVSOVN¹SJRVF
PVVOQSPDFTTFVSOVN¹SJRVFFYUFSOF2VBOE
VOTJHOBMOVN¹SJRVFEFOUS¹FFTUT¹MFDUJPO
O¹QPVSM¹DPVUFDFTJHOBMFTUBVUPNBUJRVF
NFOUFOWPZ¹BVYTPSUJFTOVN¹SJRVFTQPVS
MFOSFHJTUSFNFOU