Download Samsung WA90UAVEP Manual de Usuario
Transcript
-BWBEPSB NBOVBMEFMVTVBSJP JNBHJOFMBTQPTJCJMJEBEFT (SBDJBTQPSBERVJSJSFTUFQSPEVDUP4BNTVOH 4JEFTFBSFDJCJSVOTFSWJDJPNÈTDPNQMFUP SFHJTUSFFMQSPEVDUPFO XXXTBNTVOHDPNHMPCBMSFHJTUFS DBSBDUFSÓTUJDBT t 4JTUFNB4JMWFS8BTI &TVOTJTUFNBEFDPOUSPMEFMMBWBEPRVFQFSNJUFFMJNJOBSMBCBDUFSJBTPDVMUBTFOMPT UFKJEPTEVSBOUFFMMBWBEPPFMFOKVBHBEPQBSBQSPUFHFSMBQJFMEFCBDUFSJBTQFSKVEJDJBMFT NFEJBOUFVOSFWFTUJNJFOUPBOUJCBDUFSJBMDPOTFHVJEPDPOFMMBWBEPFOQMBUB4JMWFS8BTI Z QBSBSFBMJ[BSVOBGÈDJMFTUFSJMJ[BDJØO$POFTUFTJTUFNBUBNCJÏOTFQSFWJFOFMBQSPQBHBDJØO EFMBTCBDUFSJBTQPSMBSPQBEFMBDPMBEBHSBDJBTBMSFWFTUJNJFOUPBOUJCBDUFSJBM t 4JTUFNB.JTU4IPXFS &MJNJOBDJØOFGJDB[EFMPTSFTJEVPT-BWBQPSJ[BDJØOEJTVFMWFMPTEFUFSHFOUFTQBSBSPQB NÈTFGJDB[NFOUFMPRVFGBDJMJUBMBFMJNJOBDJØOEFMPTSFTJEVPT "IPSSPEFVOEFBHVB6OBWBQPSJ[BDJØOGJOBEFBHVBTPCSFMBQSFOEBSFEVDFMB DBOUJEBEEFBHVBOFDFTBSJB t 4JTUFNBEFTFDBEP"JS5VSCP -BUFDOPMPHÓB"JS5VSCPDFOUSJGVHBGVFSUFZSÈQJEBNFOUFEFUBMNBOFSBRVFTFOFDFTJUB NFOPTUJFNQPEFTFDBEP "*3563#0BIPSSBUJFNQPZBRVFBTFHVSBRVFMBSPQBTFTFRVFVONÈT SÈQJEBNFOUFRVFFOVOBMÓOFBEFTFDBEPJOEJWJEVBM&TQFDJBMNFOUFFOMBÏQPDBEFMMVWJBT ZDPOUJFNQPNVZIÞNFEPMBQSFOEBRVFBOUFTUBSEBCBEÓBTFOTFDBSTFDPNPUPBMMBT NBOUBTZUFKJEPTHSVFTPTTFTFDBNÈTSÈQJEBNFOUF "*3563#0RVFQFSNJUFVOGÈDJMQMBODIBEPFTQFSGFDUPQBSBSPQBEFMJDBEBZUFKJEP TJOUÏUJDP:BOPIBDFGBMUBDPMHBSZFTQFSBS1MBODIFMBSPQBOBEBNÈTBMTBDBSMBEFMB MBWBEPSBZBRVF"*3563#0FMJNJOBMBDBOUJEBETVGJDJFOUFEFBHVBQBSBNBOUFOFSMB SPQBDPOVOBIVNFEBEKVTUBQBSBQMBODIBSMB t $POUSPM'V[[Z &MDPOUSPM'V[[ZEFUFDUBFMFDUSØOJDBNFOUFMBDBSHBZBDUJWBFMDJDMPEFMBWBEPNÈT BEFDVBEP t 7FOUBOBUSBOTQBSFOUF &TUBWFOUBOBUSBOTQBSFOUFFTVOBOVFWBDSFBDJØOQFOTBEBQBSBTBUJTGBDFSMBDVSJPTJEBE RVFTJFOUFOMPTVTVBSJPTEFNJSBSFMJOUFSJPSEFVOBMBWBEPSBFOGVODJPOBNJFOUP .JFOUSBTMBMBWBEPSBFTUÈGVODJPOBOEPQPESÈDPNQSPCBSFMQSPHSFTPEFMMBWBEPBUSBWÏT EFMBWFOUBOBUSBOTQBSFOUF t 1PUFOUFHFOFSBEPSEFJNQVMTPTEPCMF.FOPTFOSFEPTNFKPS SFOEJNJFOUPEFMBWBEP 4JOFOSFEPT-PTDIPSSPTEFBHVBEFEJTUJOUPTUBNB×PTFMJNJOBOMPTFOSFEPTEFMBQSFOEB 5FDOPMPHÓBEFMGMVKPEFBHVBEJTF×BEBFTQFDÓGJDBNFOUFQBSBNFKPSBSFMSFOEJNJFOUPEFM MBWBEP-BQPUFODJBEFMPTWJPMFOUPTDIPSSPTEFBHVBEFEJWFSTPTUBNB×PTHBSBOUJ[BOVO FYDFMFOUFSFOEJNJFOUPEFMMBWBEP t 'JMUSPNÈHJDP &TUFFYDMVTJWPGJMUSPNÈHJDPHBSBOUJ[BMBDBQUVSBEFUPEBMBQFMVTBEFMJOUFSJPSEFMUBNCPS QPSNFEJPEFVOPTGJMUSPTEFHSBODBMJEBEPGSFDJFOEPVOBMJNQJF[BBMUBNFOUFFGJDB[ t 3FJOJDJPBVUPNÈUJDP -BBMJNFOUBDJØOTFBDUJWBBVUPNÈUJDBNFOUFEFTQVÏTEFMBJOUFSSVQDJØOEFTVNJOJTUSP FMÏDUSJDP t %JTQFOTBEPSEFTVBWJ[BOUF &MEJTQFOTBEPSEFTVBWJ[BOUFQPOFFODPOUBDUPFTUFQSPEVDUPDPOMBSPQBFOFM NPNFOUPBEFDVBEPEVSBOUFFMÞMUJNPFOKVBHVF t 'VODJØOEFCMPRVFPQBSBOJ×PT 4FUSBUBEFVOEJTQPTJUJWPQBSBFWJUBSRVFMPTOJ×PTTVGSBOBDDJEFOUFTTJKVFHBODPOMB MBWBEPSB1BSBPCUFOFSNÈTJOGPSNBDJØODPOTVMUFMBQÈHJOB @'FBUVSFT JOTUSVDDJPOFTEFTFHVSJEBE -BTTJHVJFOUFTQSFDBVDJPOFTEFTFHVSJEBEUSBUBOEFFWJUBSSJFTHPTZQSFWFOJS EB×PTZMFBZVEBSÈOBIBDFSVOVTPDPSSFDUPZTFHVSPEFMBNÈRVJOB $VBOEPVUJMJDFBHVBDBMJFOUFBMMBWBSBTFHÞSFTFEFRVFMBUFNQFSBUVSBOP TPCSFQBTFMPT$ t -BTQJF[BTEFQMÈTUJDPTFQVFEFOEFGPSNBSPEB×BSZDBVTBSVOBEFTDBSHBFMÏDUSJDBPVOJODFOEJP "%7&35&/$*" "%7&35&/$*" 4JOPIBDFDBTPEFFTUBTJOTUSVDDJPOFTTFQVFEFQSPEVDJSVOBDDJEFOUFGBUBMPVOBMFTJØOHSBWF t 4JTFEB×BFMFODIVGFDBCMFEFBMJNFOUBDJØOFMÏDUSJDB QBSBFWJUBSBDDJEFOUFTEFCFSÈ TVTUJUVJSMPFMGBCSJDBOUFVOUÏDOJDPEFSFQBSBDJPOFTPVOBQFSTPOBJHVBMNFOUFDBMJGJDBEB t /PUJSFEFMDBCMFOJMPUPRVFDVBOEPUFOHBMBTNBOPTIÞNFEBT ¦ 1VFEFQSPEVDJSTFVOBEFTDBSHBFMÏDUSJDBPVOJODFOEJP t /PEPCMFFMDBCMFEFBMJNFOUBDJØOFMÏDUSJDBOJDPMPRVFTPCSFÏMPCKFUPTQFTBEPT ¦ 1VFEFQSPEVDJSTFVOBEFTDBSHBFMÏDUSJDBPVOJODFOEJP t /PJOTUBMFMBMBWBEPSBDFSDBEFMBBDPNFUJEBFMÏDUSJDBOJQPOHBTPCSFFMMBWFMBTPDJHBSSJMMPT FODFOEJEPT ¦ 1VFEFQSPEVDJSTFVOJODFOEJP t .JFOUSBTFTUÏFOGVODJPOBNJFOUPOPQPOHBMBTNBOPTOJNBUFSJBMFTNFUÈMJDPTCBKPMB MBWBEPSB ¦ 1VFEFIFSJSTFDPOMBQMBDBEFDFOUSJGVHBEPTJUVBEBFOMBQBSUFJOGFSJPSEFMBMBWBEPSB t 1FSNBOF[DBBMFKBEPEFMBMBWBEPSBTJMBQBSUFJOGFSJPSTFJOVOEBEFBHVB ¦ 1VFEFQSPEVDJSTFVOBEFTDBSHBFMÏDUSJDB&TQFSFIBTUBRVFMBMBWBEPSBEFTBHàF DPNQMFUBNFOUF t /PDPMPRVFSPQBNBODIBEBEFHBTPMJOBCFODFOPPBMDPIPMFOMBMBWBEPSBOJEFKFRVFFTUPT QSPEVDUPTFOUSFOFODPOUBDUPDPOMBNÈRVJOB ¦ 1VFEFQSPEVDJSTFVOBFYQMPTJØOPVOJODFOEJP t %VSBOUFFMDFOUSJGVHBEPOPDPMPRVFMBTNBOPTFOFMUBNCPS ¦ 1PESÓBIBDFSTFEB×P4JOPTFEFUJFOFBMPTTFHVOEPTEFBCSJSMBUBQBMMBNFBM TFSWJDJPUÏDOJDPJONFEJBUBNFOUF t &TUFFMFDUSPEPNÏTUJDPOPFTUÈQFOTBEPQBSBRVFMPVTFOOJ×PTQFRVF×PTPQFSTPOBTDPO EJTDBQBDJEBEFTTJOMBTVQFSWJTJØOEFVOBQFSTPOBSFTQPOTBCMFRVFHBSBOUJDFVOVTPTFHVSP EFMBQBSBUP /PEFKFRVFMPTOJ×PTQFRVF×PTKVFHVFODPOFMFMFDUSPEPNÏTUJDP t &TUFFMFDUSPEPNÏTUJDPEFCFDPOFDUBSTFBVOBUPNBEFDPSSJFOUFDPSSFTQPOEJFOUFBM DPOTVNPEFQPUFODJBBEFDVBEP t &TUFFMFDUSPEPNÏTUJDPEFCFDPMPDBSTFEFNPEPRVFFMFODIVGFTFBBDDFTJCMFEFTQVÏTEFMB JOTUBMBDJØO t /PIBZQJF[BTRVFFMVTVBSJPQVFEBSFQBSBSFOFMJOUFSJPS5PEBTMBTSFQBSBDJPOFTEFCFO EFKBSTFFONBOPTEFQFSTPOBMEFNBOUFOJNJFOUPDBMJGJDBEP ¦ &ODBTPDPOUSBSJPQPESÓBQSPWPDBSVOGBMMPNFDÈOJDPVOJODFOEJPVOBEFTDBSHB FMÏDUSJDBPMFTJPOFTGÓTJDBT ¦ -BHBSBOUÓBOPDVCSFMPTQSPCMFNBTRVFQVFEBOEFSJWBSTFEFMEFTNPOUBKFEFMQSPEVDUP t /PVUJMJDFFTUFBQBSBUPDPOGJOFTDPNFSDJBMFT t &OFMDBTPEFMBWBEPSBTDPOBCFSUVSBTEFWFOUJMBDJØOFOMBCBTFBTFHÞSFTFEFRVFÏTUBTOP RVFEFOPCTUSVJEBTQPSVOBBMGPNCSB 4BGFUZJOTUSVDUJPOT@ JOTUSVDDJPOFTEFTFHVSJEBE 13&$"6$*0/&4 13&$"6$*»/ 4JOPIBDFDBTPEFFTUBTJOTUSVDDJPOFTTFQVFEFOQSPEVDJSEB×PTPMFTJPOFTMFWFT t /PJOTUBMFMBNÈRVJOBFOVOB[POBIÞNFEBOJFOFMFYUFSJPSEPOEFMMVFWFPOJFWB ¦ 1VFEFQSPEVDJSTFVOBEFTDBSHBFMÏDUSJDBPVOJODFOEJP t %FTDPOFDUFFMDBCMFEFBMJNFOUBDJØOFMÏDUSJDBTJOPVUJMJ[BMBNÈRVJOB ¦ 1VFEFQSPEVDJSTFVOBEFTDBSHBFMÏDUSJDBPVOJODFOEJP t 4JIBZQPMWPPBHVBFOFMFODIVGFEFBMJNFOUBDJØOFMÏDUSJDBZFOMBQJF[BDPOFDUBEBSFUÓSFMPT DPNQMFUBNFOUF ¦ 1VFEFQSPEVDJSTFVOBEFTDBSHBFMÏDUSJDBPVOJODFOEJP t &WJUFRVFMPTOJ×PTTFBTPNFOBMJOUFSJPSEFMBMBWBEPSB ¦ 4JDBFOEFOUSPTVWJEBQVFEFDPSSFSQFMJHSP t &ODBTPEFFTDBQFEFHBTWFOUJMFMBIBCJUBDJØOJONFEJBUBNFOUFTJOUPDBSFMFODIVGF ¦ 4JMFBMDBO[BVOBMMBNBQVFEFQSPEVDJSTFVOBEFTDBSHBFMÏDUSJDBPVOJODFOEJP t 4JMBMBWBEPSBFNJUFSVJEPTIVNPTVPMPSFTFYUSB×PTEFTDPOÏDUFMBJONFEJBUBNFOUFZMMBNF BMTFSWJDJPUÏDOJDP ¦ 1VFEFQSPEVDJSTFVOBEFTDBSHBFMÏDUSJDBPVOJODFOEJP t $VBOEPMBMJNQJFOPSPDÓFEJSFDUBNFOUFMBTQJF[BTEFMBMBWBEPSBDPOBHVB ¦ 1VFEFSFEVDJSTVWJEBÞUJM 5BNCJÏOQVFEFQSPEVDJSTFVOBEFTDBSHBFMÏDUSJDBPVOJODFOEJP t /PDPOFDUFWBSJPTBQBSBUPTFMÏDUSJDPTBVOBTPMBUPNBEFDPSSJFOUF ¦ 1VFEFQSPEVDJSTFVOJODFOEJPEFCJEPBVOBVNFOUPEFUFNQFSBUVSB t /PQVMTFFMCPUØODPOVOQVO[ØOPVOBBHVKB ¦ 1VFEFQSPEVDJSTFVOBEFTDBSHBFMÏDUSJDBPVOJODFOEJP t 6UJMJDFMBTOVFWBTGJKBDJPOFTQBSBMBNBOHVFSBMBTWJFKBTOPTFEFCFOWPMWFSBVUJMJ[BS t 4JTFQFSDJCFVOEFUFSJPSPFOFMDBCMFFOVTPMPEFCFTVTUJUVJSFMGBCSJDBOUFFMDFOUSPEF TFSWJDJPPVOBQFSTPOBBVUPSJ[BEBDPOFMGJOEFFWJUBSSJFTHPT t $POFDUFFMDBCMFEFUPNBEFUJFSSBBMBQMBDBEFMBDVCJFSUBZFOUJÏSSFMPBMNFOPTBDNEF QSPGVOEJEBEPUSBQPTJCJMJEBEFTDPOFDUBSFMDBCMFEFUPNBEFUJFSSBBMBDMBWJKBBQSPQJBEBEF VOFODIVGFBEFDVBEBNFOUFQVFTUPBUJFSSB/PDPOFDUFOVODBFMDBCMFBMBMÓOFBEFUFMÏGPOP VOQBSBSSBZPTPVOBUVCFSÓBEFHBT @4BGFUZJOTUSVDUJPOT ÓOEJDF */45"-"$*»/%&-"-"7"%03" '6/$*0/&4."/6"-&4 */45"-"$*»/:."/5&/*.*&/50 40-6$*»/%&130#-&."4 FTDSJQDJØOEFMBTQJF[BT % $PNQSPCBDJØOBOUFTEFMMBWBEPZDVJEBEP EFMBTQSFOEBT -BWBEPBVUPNÈUJDPTFHÞOFMUJQPEFDPMBEB 1BOFMEFDPOUSPM ' VODJPOFTNBOVBMFT &OUPSOP /JWFMBDJØO $POFYJØOEFMBNBOHVFSBEFTVNJOJTUSPEF BHVB &OTBNCMBKFEFMQBOFMEFQSPUFDDJØODPOUSB SPFEPSFT $POFYJØOEFMBNBOHVFSBEFEFTBHàF $ØNPQPOFSFMEFUFSHFOUF $ØNPB×BEJSFMTVBWJ[BOUF 'JMUSPEFMDPOFDUPSEFTVNJOJTUSPEFBHVB -JNQJF[BEFMGJMUSP -JNQJF[BEFMGJMUSPEFMBCPNCB 4PMVDJØOEFQSPCMFNBT {-"-"7"%03"/0'6/$*0/" &41&$*'*$"$*0/&4 { -BMBWBEPSBOPGVODJPOB & TQFDJGJDBDJPOFT $POUFOUT@ JOTUBMBDJØOEFMBMBWBEPSB %&4$3*1$*»/%&-"41*&;"4 &MNBOVBMEFMVTVBSJPTJSWFQBSBWBSJBTNÈRVJOBT 4JHBMBTJOTUSVDDJPOFTEFMNBOVBMEFMVTVBSJPEFBDVFSEPDPOFMNPEFMPEFTVMBWBEPSB 5BQB "TFHÞSFTFEFDFSSBSMB UBQBEVSBOUFFMMBWBEPZFM DFOUSJGVHBEP 'JMUSP 4JMWFS8BTI .BOHVFSBEFTVNJOJTUSPEF BHVBDBMJFOUF .BOHVFSBEFTVNJOJTUSPEF BHVBGSÓB .BOHVFSBEFESFOBKFCPNCB &MGJMUSPSFDPHFMBTQFMVTBT EVSBOUFFMMBWBEP $PNQBSUJNJFOUPEFMEFUFSHFOUF %JTQFOTBEPSEFM TVBWJ[BOUF 5BNCPSEFDFOUSJGVHBEP $BCMFEFBMJNFOUBDJØO (FOFSBEPSEF JNQVMTPT $POUSPMFTEFM QBOFMGSPOUBM 1BUBTSFHVMBCMFT "KVTUFMBMPOHJUVEEF MBTQBUBTBMJOTUBMBSMB MBWBEPSB @4FUUJOHVQZPVSXBTIFS 5PNBEFUJFSSB 4JMBUVCFSÓBEFMBHVBFT NFUÈMJDBDVCSBFMFYUSFNP EFMDBCMFEFUPNBBUJFSSB .BOHVFSBEFEFTBHàF 1BOFMEFQSPUFDDJØO DPOUSBSPFEPSFT $0.130#"$*»/"/5&4%&--"7"%0:$6*%"%0%&-"4 13&/%"4 %FCFSFBMJ[BSVOBTFSJFEFDPNQSPCBDJPOFTQBSBFWJUBSQSPCMFNBTFOMBNÈRVJOBPEB×PTFOMBSPQB t 4JFMDBVTBOUFEFMPTTJHVJFOUFTQSPCMFNBTFTFMDMJFOUFEFCFSÈIBDFSTFDBSHPEFMDPTUFEFMB SFQBSBDJØO $PNQSPCBDJPOFTBOUFTEFJOJDJBSFMMBWBEP 1SFOEBTOPMBWBCMFT -BTQSFOEBTGÈDJMNFOUFBMUFSBCMFTJODMVTPFOMBGBTFEFSFNPKP t -BTDPSCBUBTMPTTVKFUBEPSFTMBTDIBRVFUBTMPTUSBKFTZMPTBCSJHPTQVFEFOGÈDJMNFOUF FODPHFSPEFTUF×JSTJNQMFNFOUFTVNFSHJÏOEPMPTFOBHVBZBRVFFOTVNBZPSÓBFTUÈO IFDIPTEFSBZØOQPMJOØTJDPFUDZUFKJEPTNF[DMBEPT t -BTQSFOEBTQMJTBEBTDPOIVFDPTPUSBUBEBTDPOSFTJOBTPOGÈDJMNFOUFBMUFSBCMFTJODMVTPFO MBGBTFEFSFNPKP t 1SFOEBTRVFEFTUJ×FOGÈDJMNFOUFIFDIBTEFBMHPEØOZMBOBTFEBBSSVHBEBQSFOEBTEFQJFM BDDFTPSJPTEFQJFMSPQBDPOBEPSOPTEFQJFMZTVTBDDFTPSJPT t /PMBWFFTUBTQSFOEBTTJOUFOFSFODVFOUBMBTEJSFDUSJDFTPMBTJOEJDBDJPOFTTPCSFFMNBUFSJBM RVFWJFOFOEFTDSJUBTFOMBFUJRVFUB "DFSDBEFMEFUFSHFOUF t $VBOEPFMEFUFSHFOUFOPTFEJTVFMWFCJFOVUJMJDFBHVBUJCJBBQSPYJNBEBNFOUF$ QBSB EJTPMWFSMP 13&$"6$*»/ t 6UJMJDFVOBDBOUJEBEBEFDVBEB t "VORVFVTFVOBDBOUJEBEFYDFTJWBEFEFUFSHFOUFOPOPUBSÈNVDIBEJGFSFODJBFOMPT SFTVMUBEPTEFMMBWBEP1VFEFRVFEB×FMBTQSFOEBTBMOPTFSTVGJDJFOUFFMFOKVBHBEP t -PTBHFOUFTCMBORVFBEPSFTQVFEFOEB×BSMBTQSFOEBTBMTFSEFNBTJBEPBMDBMJOPT t 3FBMJDFMPTFOKVBHBEPTOFDFTBSJPTQPSRVFFMEFUFSHFOUFFOQPMWPTFRVFEBGÈDJMNFOUF FOMBSPQBZQSPEVDFNBMPMPS t 4JTFVTBBHVBGSÓBPEFNBTJBEPEFUFSHFOUFÏTUFOPTFEJTPMWFSÈDPNQMFUBNFOUF ZQFSNBOFDFSÈFOMBSPQBMBNBOHVFSBPFMUBNCPSEFDFOUSJGVHBEPDPOMPRVF DPOUBNJOBSÈMBUJOB t &ODBTPEFQSFOEBTFTQFDJBMFTFMEFUFSHFOUFEFCFSÈDPMPDBSTFFOFMDPNQBSUJNJFOUP EFMEFUFSHFOUF4JFMEFUFSHFOUFFOQPMWPTFFYUJFOEFTPCSFMBSPQBEJSFDUBNFOUFÏTUB QVFEFQFSEFSFMDPMPS 4FUUJOHVQZPVSXBTIFS@ 4FUUJOHVQZPVSXBTIFS $PNQSVFCFTJMBTSPQBTEFTUJ×FOPOP t "×BEBEFUFSHFOUFMÓRVJEPBVOBUPBMMBCMBODBZBMBQSFOEBFOMBRVFOPQVFEBBQSFDJBSMP CJFO"DPOUJOVBDJØOGSØUFMBTKVOUBTDPOGVFS[B$PNQSVFCFTJFMDPMPSTFIBUSBOTGFSJEPBMB UPBMMB t 5FOHBDVJEBEPDPOMPTQB×VFMPTZMBTQSFOEBTJNQPSUBEBTZBRVFEFTUJ×FOGÈDJMNFOUF t $PNQSVFCFTJIBZNBODIBTPTVDJFEBEQBSDJBM t 4JFODVFOUSBNBODIBTVUJMJDFMBUPBMMBIÞNFEBDPOEFUFSHFOUFQBSBGSPUBSMBTFOVOBÞOJDB EJSFDDJØO t "OUFTEFMBWBSMBSPQBDFQJMMFDPOEFUFSHFOUFFMDVFMMPMBTNBOHBTMPTEPCMBEJMMPTZMPT CPMTJMMPT -BSPQBQMJTBEBEFMBOBTFUSBUBFTQFDJBMNFOUFIJMWBOBOEPMPTQMJFHVFTBOUFTEFMMBWBEP6OBWF[ TFDBEBMBSPQBTFSFUJSBOMPTIJMPT JOTUBMBDJØOEFMBMBWBEPSB $VJEBEPEFMBSPQBBOUFTEFMBWBSMB 4BRVFMPTFGFDUPTQFSTPOBMFTEFMPTCPMTJMMPT t 1SFDBVDJØODPNQSVFCFMPTCPMTJMMPT-BTIPSRVJMMBTZMBTNPOFEBT QVFEFOEB×BSMBSPQBZMBMBWBEPSB1VFEFOQSPEVDJSSVJEPZ QSPCMFNBTFOMBNÈRVJOB%FCFDPNQSPCBSMPTCPMTJMMPT 4JMBTDSFNBMMFSBTEFMPTQBOUBMPOFTFTUÈOBCJFSUBTEVSBOUFFM MBWBEPFMUBNCPSEFDFOUSJGVHBEPQVFEFEB×BSTF"OUFTEFMBWBS EFCFDFSSBSMBDSFNBMMFSBZGJKBSMBDPOVODPSEØO t -BTQJF[BTEFNFUBMEFMBSPQBQVFEFOEB×BSÏTUBZFMUBNCPS t %ÏMBWVFMUBBMBTQSFOEBTDPOCPUPOFTPCPSEBEPTBOUFTEFMBWBSMBT t -BSPQBDPOGMFDPTMBSHPTQVFEFFOSFEBSTFDPOPUSBSPQBBNCBT QPESÓBOEB×BSTF'JKFMPTGMFDPTBOUFTEFMMBWBEP -BSPQBSFTJTUFOUFBMBHVBSPQBEFFTRVÓQSPUFDUPSFTJNQFSNFBCMFTQBSBDBNBTFUD OP TFQVFEFMBWBS t -BQSFOEBTFQPESÓBFYQVMTBSPTFQPESÓBOQSPEVDJSWJCSBDJPOFTBOPSNBMFTEFMBMBWBEPSB MPRVFQPESÓBDBVTBSMFTJPOFTGÓTJDBTPEB×BSMBMBWBEPSBFMTVFMPPMBSPQB1B×BMFTSPQB SFTJTUFOUFBMBHVBJNQFSNFBCMFTGVOEBTEFQBSBHVBTSPQBEFFTRVÓGVOEBTEFDPDIFTZ TBDPTEFEPSNJSFUD t $VBOEPFMUBNCPSHJSBFMBHVBQVFEFRVFEBSBUSBQBEBFOUSFMBSPQBPMPTUFKJEPTSFTJTUFOUFT BMBHVBZBDVNVMBSTFFOVOFTRVJOBMPRVFQSPWPDBSÓBWJCSBDJPOFTBOPSNBMFT"EFNÈTMB QSFOEBBTDJFOEFZQVFEFSFTVMUBSFYQVMTBEBZDBVTBSMFTJPOFTGÓTJDBT 4BDVEBFMQPMWPPMBTVDJFEBEEFMBSPQB t -BUJFSSBZMBBSFOBQVFEFOSP[BSMBTQSFOEBTEFMJDBEBTZFTUSPQFBSMBTBEFNÈTFMSFTVMUBEP EFMMBWBEPQVFEFOPTFSFMFTQFSBEP &GFDUÞFVOQSFMBWBEPQBSBMPTDBMDFUJOFTQV×PTZDVFMMPTCMBODPTBOUFTEFMMBWBEP QSJODJQBM t &OMBTNBODIBTZMBTVDJFEBEFODVFMMPTQV×PTEPCMBEJMMPTZCPMTJMMPTBQMJRVFVOQPDPEF EFUFSHFOUFZGSPUFMJHFSBNFOUFDPOVODFQJMMPBOUFTEFMMBWBEP t 6UJMJDFTØMPEFUFSHFOUFFOQPMWPPMÓRVJEP/PVUJMJDFKBCØOQVFTFMUBNCPSQPESÓBFOTVDJBSTF BDBVTBEFMBTVDJFEBEMJCFSBEBQPSFMKBCØO %ÏMBWVFMUBBMBTQSFOEBTEFGFMQBBOUFTEFMBWBSMBT t 4JUJFOFQSFOEBTEFNBTJBEPTVDJBTMÈWFMBTBQBSUF4JOPFMSFTUPEFMB SPQBQVFEFSFDPHFSMBTVDJFEBEQFMVTBTFUD t -BWFMBSPQBOFHSBZMBTUPBMMBTEFBMHPEØOJOEFQFOEJFOUFNFOUF4JMBT MBWBKVOUBTMBTUPBMMBTQVFEFOSFDPHFSMBTVDJFEBE$PNQSVFCFUPEP FTUPBOUFTEFMBWBS &MDBDIFNJSZBRVFMMBTQSFOEBTRVFUJFOFOHSBOWPMVNFOZQPDP QFTPQPSFKFNQMPMBSPQBEFDPSBEBDPOMÈTFSMBMFODFSÓBMBTNFEJBT EFOZMPOMPTUFKJEPTTJOUÏUJDPTFUD QVFEFOBTDFOEFSZQSPEVDJSEB×PT FOMBQSPQJBSPQBZFOMBNÈRVJOB6UJMJDFVOBCPMTBEFNBMMBPMÈWFMBT QPSTFQBSBEP t "OUFTEFMBWBSMBEFCFSÈDPMPDBSMBSPQBDPOGMFDPTMBSHPTMBSPQB USBCBKBEBDPOMÈTFSMBTDPMDIBTZMBSPQBEFMBOBFOVOBCPMTBEFNBMMB QBSBDPMBEBT t $PMPRVFMBSPQBEFMJDBEBFOVOBCPMTBEFNBMMBQBSBDPMBEBT t 6UJMJDFTØMPCPMTBTFTQFDJBMNFOUFEJTF×BEBTQBSBMBWBEPSBT -BTDPSUJOBTMBTQSFOEBTWBQPSPTBTZMPTQBOUBMPOFTKFBOTQPESÓBORVFEBSGMPUBOEP t 4JFTUPPDVSSFQVMTFFMCPUØO*OJDJP1BVTBQBSBEFUFOFSMBMBWBEPSBZIVOEBMBSPQBFO FMBHVB4JFMMBWBEPDPOUJOÞBDPOMBSPQBGMPUBOEPUBOUPÏTUBDPNPMBNÈRVJOBQPESÓBO EB×BSTFZMPTSFTVMUBEPTEFMBWBEPOPTFSÈOMPTFTQFSBEPT @4FUUJOHVQZPVSXBTIFS -"7"%0"650.«5*$04&(Á/&-5*10%&13&/%" "OUFTEFFNQF[BSBMBWBSIBHBMBTTJHVJFOUFTDPNQSPCBDJPOFT t $POFDUFMBNBOHVFSBEFTVNJOJTUSPEFBHVBBMBTBMJEBEFBHVB%FKFMBMMBWFBCJFSUB$POFDUFFMDBCMF EFBMJNFOUBDJØO"TFHÞSFTFEFEFKBSMPCBKPMBNBOHVFSBEFEFTBHàF -BWBEPQPSQSJNFSBWF[ /PUBTFTQFDJBMFT 'VODJØOEFEFUFDDJØOBVUPNÈUJDB t &ODBEBDJDMPFYDFQUPMPTEF-BWBEPEFUBNCPSZ%FMJDBEB MBDBOUJEBEEFQSFOEBTTF EFUFDUBBVUPNÈUJDBNFOUFZBDPOUJOVBDJØOTFTFMFDDJPOBOBVUPNÈUJDBNFOUFFMOJWFMEF BHVBFMUJFNQPEFMBWBEPFMDJDMPEFFOKVBHVFZFMUJFNQPEFDFOUSJGVHBEPQBSBSFBMJ[BSVO MBWBEPBVUPNÈUJDP t 6OBWF[FODFOEJEBMBNÈRVJOBTFTFMFDDJPOBVODJDMPZTFQVMTBFMCPUØO*OJDJP1BVTB "DPOUJOVBDJØOFMNFDBOJTNPEFMBWBEPFNQJF[BBHJSBSTJOBHVB&TUBBDDJØOEFUFDUB MBDBOUJEBEEFDPMBEBEFMUBNCPSEFMBWBEPOPFTVOQSPCMFNBEFMBNÈRVJOB6OBWF[ GJOBMJ[BEPFTUFQSPDFTPEFEFUFDDJØOFMBHVBTFTVNJOJTUSBBVUPNÈUJDBNFOUF "EJDJØOEFEFUFSHFOUFZTVBWJ[BOUF t 4FEFUFDUBMBDBOUJEBEEFQSFOEBTZTFJOEJDBFMOJWFMEFBHVBZMBDBOUJEBEEFEFUFSHFOUF" DPOUJOVBDJØOFNQJF[BFMTVNJOJTUSPEFBHVB t %VSBOUFFMTVNJOJTUSPEFBHVBQVFEFBCSJSFMDPNQBSUJNJFOUPEFMEFUFSHFOUFZB×BEJSNÈT /PPCTUBOUFFTNFKPSQVMTBSFMCPUØO*OJDJP1BVTBQBSBEFUFOFSFMTVNJOJTUSPEFBHVBZ B×BEJSFMEFUFSHFOUF$JFSSFMBUBQBZQVMTFEFOVFWPFMCPUØO*OJDJP1BVTB&TUFNÏUPEPFT NÈTDPOWFOJFOUF t 4JJOUSPEVDFFMTVBWJ[BOUFFOFMEJTQFOTBEPSEFTVBWJ[BOUFÏTUFTFB×BEJSÈBVUPNÈUJDBNFOUF EVSBOUFFMÞMUJNPDJDMPEFFOKVBHVF 1POFSMBSPQBTVDJBFOMBMBWBEPSBZB×BEJSUBNCJÏOFMEFUFSHFOUF t 5FOHBDVJEBEPEFOPTPCSFDBSHBSMBNÈRVJOB6UJMJDFFMEFUFSHFOUFBEFDVBEPQBSBMPTUFKJEPT RVFWBBMBWBS t 4JMBUBQBTFBCSFNJFOUSBTMBMBWBEPSBFTUÈGVODJPOBOEPÏTUBTFEFUFOESÈ BVUPNÈUJDBNFOUFQPSSB[POFTEFTFHVSJEBE4JOFNCBSHPFMTVNJOJTUSPEFBHVB DPOUJOÞBNJFOUSBTMBUBQBFTUÏBCJFSUB t $VBOEPTFMFDDJPOFBHVBDBMJFOUFTFTVNJOJTUSBSÈUBOUPBHVBGSÓBDPNPBHVBDBMJFOUF EVSBOUFMPTQSJNFSPTTFHVOEPTQBSBQSPUFHFSMBSPQB t &TQPTJCMFDPOUSPMBSFMUJFNQPEFMBWBEPFMDJDMPEFFOKVBHBEPZFMUJFNQPEF DFOUSJGVHBEPEFDBEBDJDMPEVSBOUFFMQSPDFTPEFMBWBEP 4FUUJOHVQZPVSXBTIFS@ 4FUUJOHVQZPVSXBTIFS "OUFTEFMBWBSQSFOEBTQPSQSJNFSBWF[EFCFFGFDUVBSVODJDMPDPNQMFUPEFMBWBEPTJOSPQB 1BSBFMMP 1VMTFFMCPUØO&ODFOEFS "CSBFMDPNQBSUJNJFOUPEFMEFUFSHFOUFZQPOHBVOQPDPEFEFUFSHFOUF "CSBMBMMBWFEFMTVNJOJTUSPEFBHVBBMBMBWBEPSB 1VMTFFMCPUØO*OJDJP1BVTB $POFMMPFMJNJOBSÈDVBMRVJFSSFTUPEFBHVBRVFIBZBRVFEBEPFOMBMBWBEPSBEFTQVÏTEFMBT QSVFCBTFGFDUVBEBTQPSFMGBCSJDBOUF JOTUBMBDJØOEFMBMBWBEPSB 1"/&-%&$0/5301BSBPCUFOFSNÈTEFUBMMFTDPOTVMUFFMQBOFMEFDPOUSPMEFMBMBWBEPSB #05»/&/$&/%&3 #05»/.&.03*" #05»/*/*$*0 1"64" #05»/%& 4&-&$$*»/ $*$-04 #05»/-"7"3 #05»/&/+6"("3 #05»/ $&/53*'6("3 1SF4FDBS @4FUUJOHVQZPVSXBTIFS 1VMTFFTUFCPUØOVOBWF[QBSBQPOFSMBMBWBEPSBFONBSDIB 1ÞMTFMPEFOVFWPVOBWF[QBSBBQBHBSMB 1VMTFFTUFCPUØOVOBWF[QBSBQPOFSMBMBWBEPSBFONBSDIB 4FMFDDJPOFNBOVBMNFOUFMBTGVODJPOFTRVFEFTFFVUJMJ[BS$JDMPT4JMWFS8BTI "JS5VSCP&OKVBHBS -BTTFMFDDJPOFTTFHVBSEBOBVUPNÈUJDBNFOUFDVBOEPTFQVMTBFMCPUØO*OJDJP 1BVTB 1BSBVTBSVODJDMPNFNPSJ[BEPQVMTFFMCPUØO.FNPSJBZBDPOUJOVBDJØO QVMTFFMCPUØO*OJDJP1BVTB -BTGVODJPOFTNFNPSJ[BEBTTFNPTUSBSÈOFOFMQBOFM 1POHBVOQPDPEFEFUFSHFOUFZEFTVBWJ[BOUFEFFOKVBHBEPFOQSPQPSDJØOBM OJWFMEFMBHVBZDJFSSFMBUBQB &TUBGVODJØOQFSNJUFNFNPSJ[BSMBTGVODJPOFTEFVTPNÈTGSFDVFOUFZBTÓQPEFS VTBSMBTNÈTGÈDJMNFOUFDVBOEPTFOFDFTJUFO 6UJMÓDFMPQBSBEFUFOFSZWPMWFSBQPOFSFONBSDIBMBMBWBEPSB 1BSBDBNCJBSFMQSPDFEJNJFOUPEFMBWBEPEVSBOUFFMGVODJPOBNJFOUP QVMTFFTUFCPUØOQBSBEFUFOFSFMQSPDFTPZWVÏMWBMPBQVMTBSEFTQVÏTEFSFBMJ[BS MPTDBNCJPT $BEBWF[RVFTFQVMTBFTUFCPUØODBNCJBFMDJDMPEFMBWBEP 'V[[ZÆ3ÈQJEPÆ-BWBEPEF5BNCPSÆ"IPSSPÆ%FQPSUFT8BTI1FSV Æ +FBOTÆ%FMJDBEBÆ1FTBEP 1VMTFFTUFCPUØOQBSBSFBMJ[BSVOMBWBEPTPMBNFOUFPQBSBBKVTUBSFMUJFNQPEF MBWBEP &MUJFNQPBKVTUBCMFWBEFBNJOVUPT 1VMTFFTUFCPUØOQBSBSFBMJ[BSVOFOKVBHBEPTPMBNFOUFPQBSBBKVTUBSFMUJFNQP EFFOKVBHBEP 1VFEFFTUBCMFDFSIBTUBDJODPFOKVBHBEPT 1VMTFFTUFCPUØOQBSBSFBMJ[BSVODFOUSJGVHBEPTPMBNFOUFPQBSBBKVTUBSFM UJFNQPEFDFOUSJGVHBEP &MUJFNQPBKVTUBCMFWBEFBNJOVUPT $VBOEPTØMPTFTFMFDDJPOBVODFOUSJGVHBEPFMUJFNQPEFDFOUSJGVHBEPTFSÈ EJGFSFOUFEFMUJFNQPUPUBMSFTUBOUF-BDBVTBFTRVFFMUJFNQPUPUBMSFTUBOUF JODMVZFFMUJFNQPSFBMEFDFOUSJGVHBEPZFMEFEFTBHàFZQBSBEB '6/$*»/%& #-026&01"3" /*º04 5*&.103&45"/5& )03"%&-*/*$*0 3&5"3%"%0 1"/5"--"%& &3303&4 #05»/3&.0+"3 #05»/.*45 4)08&33PDJPEF "HVB #05»/*/*$*0 3&5"3%"%0 #05»/4*-7&3 8"4) 1VMTFFTUFCPUØOQBSBEFKBSMBSPQBFOSFNPKP &TUBGVODJØOOPTFQVFEFTFMFDDJPOBSEVSBOUFFMDJDMP%FMJDBEB &MSFNPKPTFBQMJDBBVUPNÈUJDBNFOUFEVSBOUFFMDJDMP-BWBEPEF5BNCPS &MUJFNQPBKVTUBCMFWBEFBNJOVUPT 1VMTFFTUFCPUØOVOBWF[QBSBBDUJWBSMBGVODJØO -BWBQPSJ[BDJØOEJTVFMWFMPTEFUFSHFOUFTQBSBSPQBNÈTFGJDB[NFOUFMPRVF GBDJMJUBMBFMJNJOBDJØOEFMPTSFTJEVPT 1VMTFFTUFCPUØOQBSBGJOBMJ[BSFMMBWBEPBVOBIPSBFTQFDJGJDBEB "QBHVFMBMBWBEPSBQBSBDBODFMBSFMJOJDJPSFUBSEBEP &MUJFNQPBKVTUBCMFWBEFBIPSBT 6ODJDMPEPOEFTFTVNJOJTUSBBHVBDPOJPOFTEFQMBUBEVSBOUFFMMBWBEPZ EVSBOUFFMÞMUJNPFOKVBHBEPQBSBFTUFSJMJ[BSMBSPQBZQSPUFHFSMBDPOUSBMBT CBDUFSJBT &TUFSJMJ[BDJØO&MBHVBDPOJPOFTEFQMBUBTFB×BEFBMTVNJOJTUSPEFBHVB QBSBSFBMJ[BSVOMBWBEPTBOJUBSJPBOUJCJØUJDP-BFTUFSJMJ[BDJØOFTVODJDMP TBOJUBSJPBOUJCJØUJDP 4JTØMPTFTFMFDDJPOBBHVBDBMJFOUFMBGVODJØO4JMWFS8BTIOPTF QVFEFTFMFDDJPOBS 1SPUFDDJØODPOUSBCBDUFSJBT&MBHVBDPOJPOFTEFQMBUBTFB×BEFBM ÞMUJNPFOKVBHBEPEFTQVÏTEFMMBWBEPQBSBBQMJDBSVOBDBQBBOUJCBDUFSJBT BMBQSFOEBEVSBOUFFMFOKVBHBEP&TUBGVODJØOEFFOKVBHBEPTBOJUBSJP QSFWJFOFMBQSPQBHBDJØOEFMBTCBDUFSJBT &TUÈEJTQPOJCMFQBSBUPEPTMPTDJDMPTFYDFQUPFMDJDMP%FMJDBEB &MVTPEFFTUBGVODJØOKVOUPDPOFMTVBWJ[BOUFQVFEFEJTNJOVJSTVFGJDBDJB #05»/"*3563#0 4FDBEP5VSCP #05»//*7&-%& "(6" #05»/ 46.*/*4530%& "(6" 1VMTFFTUBGVODJØOQBSBDPOTFHVJSVOTFDBEPNÈTSÈQJEPEFMBDPMBEB $PODBEBQVMTBDJØOEFMCPUØOTFDBNCJBMBTFMFDDJØOFOFTUFPSEFO NJOÆNJOÆ%FTBDUJWBEPÆNJO &TUÈGVODJØOTØMPTFQVFEFTFMFDDJPOBSTJTFIBFTUBCMFDJEPVODJDMPEF DFOUSJGVHBEP &MOJWFMEFMBHVBTFBKVTUBBVUPNÈUJDBNFOUF4JOFNCBSHPDPOFTUFCPUØOTF QVFEFTFMFDDJPOBSFMOJWFMEFMBHVBNBOVBMNFOUF .FEJPÆ"MUPÆ.FEJPÆ#BKPÆ.ÓOJNPÆ#BKPÆ.FEJP $PODBEBQVMTBDJØOEFFTUFCPUØOTFTFMFDDJPOBFMUJQPEFBHVB 'SÓBÆ5JCJBÆ$BMJFOUFÆ'SÓB 4FUUJOHVQZPVSXBTIFS@ 4FUUJOHVQZPVSXBTIFS '*-5&3$)&$, $VBOEPFMMBWBEPGJOBMJ[BMBMÈNQBSBEFBEWFSUFODJBTFJMVNJOBFOMBQBOUBMMB 'JMUFSDIFDL$VBOEPTFBCSBMBQVFSUBMBMÈNQBSBTFBQBHBSÈ&TUPOPFTVO GBMMP 4JFMGJMUSPNÈHJDPTFPCTUSVZFTFQVFEFOBEIFSJSNBUFSJBMFTFYUSB×PTBMBSPQB 1BSBBTFHVSBSVOCVFOMBWBEPSFUJSFMPTNBUFSJBMFTFYUSB×PTEFMGJMUSPEFTQVÏT EFDBEBMBWBEP 4FUSBUBEFVOEJTQPTJUJWPQBSBFWJUBSRVFMPTOJ×PTTVGSFOBDDJEFOUFTTJKVFHBO DPOMBMBWBEPSB t 1BSBJOJDJBSMBGVODJØOEFCMPRVFPQBSBOJ×PT 1VMTFFMCPUØOi&ODFOEFSwQBSBJSBMNPEPEFMBWBEPJOJDJBM 4JQVMTBFMCPUØOi*OJDJP1BVTBwTFJOJDJBFMMBWBEPZFOFMDBTPEFRVF TFOFDFTJUFMBGVODJØOEFCMPRVFPQBSBOJ×PTEVSBOUFMBMBWBEB 1VMTFBMNJTNPUJFNQPMPTCPUPOFTi&OKVBHBSwZi$FOUSJGVHBS1SF 4FDBS wEVSBOUFTFHVOEPT /PUBOPQVFEFQPOFSFONBSDIBFTUB GVODJØOTJOPBDUJWBFMCPUØOi&ODFOEFSw t 1BSBEFTBDUJWBSMBGVODJØOEFCMPRVFPQBSBOJ×PT&ODBTPEFRVFFTUÏ QSPHSBNBEPFMCMPRVFPQBSBOJ×PTQVMTFMPTCPUPOFTi&OKVBHBSwZ i$FOUSJGVHBS1SF4FDBS wBMNJTNPUJFNQP .VFTUSBFMUJFNQPSFTUBOUFEFMBWBEP .VFTUSBMBIPSBSFTFSWBEBQBSBFMJOJDJPSFUBSEBEP .VFTUSBFMFTUBEPEFFSSPSTJTVSHFBMHÞOQSPCMFNBFOMBMBWBEPSBQBSBQFSNJUJS SFTPMWFSMP JOTUBMBDJØOEFMBMBWBEPSB $JDMP'V[[Z 4FMFDDJPOBBVUPNÈUJDBNFOUFFMNFKPSDJDMPEFMBWBEP 1VMTFFMCPUØO&ODFOEFSQBSBRVFTFBDUJWF 1VMTFFMCPUØO*OJDJP1BVTB &MOJWFMEFBHVBTFTFMFDDJPOBSÈBVUPNÈUJDBNFOUF"DPOUJOVBDJØOWFOESÈOFM MBWBEPFMFOKVBHBEPZFMDFOUSJGVHBEP4JEFTFBEFUFOFSFMQSPDFTPQVMTFEFOVFWPFMCPUØO *OJDJP1BVTB$VBOEPTFEFUFOHBFMQSPDFTPQPESÈDBNCJBSFMDJDMP $JFSSFMBUBQB Ú 4FMFDDJPOFFMCPUØO4JMWFS8BTIQBSBSFBMJ[BSVOMBWBEPBOUJCBDUFSJBT $JDMP3ÈQJEP 4JEFTFBMBWBSMBTUPBMMBTRVFVUJMJ[BGSFDVFOUFNFOUFPMBSPQBNFOPTTVDJB $PNPFMMBWBEPFTSÈQJEPFTJEFBMQBSBMBQSFOEBNÈTMJHFSBPNFOPTTVDJB 1VMTFFMCPUØO&ODFOEFSQBSBRVFTFBDUJWF 1VMTFFMCPUØO$JDMPTVOBWF[ 1VMTFFMCPUØO*OJDJP1BVTB &MOJWFMEFBHVBTFTFMFDDJPOBSÈBVUPNÈUJDBNFOUF"DPOUJOVBDJØOWFOESÈOFMMBWBEPFM FOKVBHBEPZFMDFOUSJGVHBEP4JEFTFBEFUFOFSFMQSPDFTPQVMTFEFOVFWPFMCPUØO*OJDJP 1BVTB$VBOEPTFEFUFOHBFMQSPDFTPQPESÈDBNCJBSFMDJDMP $JFSSFMBUBQB Ú 4FMFDDJPOFFMCPUØO4JMWFS8BTIQBSBSFBMJ[BSVOMBWBEPBOUJCBDUFSJBT $JDMP-BWBEPEF5BNCPS 6UJMJDFFTUFDJDMPQBSBMJNQJBSFMUBNCPS"TÓQPESÈDPOTFSWBSFMUBNCPSMJNQJPZFOCVFOBT DPOEJDJPOFTTBOJUBSJBT 1VMTFFMCPUØO&ODFOEFSQBSBRVFTFBDUJWF 1VMTFFMCPUØOEFTFMFDDJØO$JDMPTEPTWFDFT 1VMTFFMCPUØO*OJDJP1BVTB "×BEBFMEFUFSHFOUFBEFDVBEPZDJFSSFMBUBQB Ú 4FMFDDJPOFFMCPUØO4JMWFS8BTIQBSBSFBMJ[BSVOMBWBEPBOUJCBDUFSJBT %VSBOUFFMQSPDFTPEFMJNQJF[BOPEFKFSPQBEFOUSPEFMUBNCPSZBRVFMBSPQBTFQPESÓB EFDPMPSBSPEB×BS $VBOEPMBWFMBSPQBQPSQSJNFSBWF[EFTQVÏTEFMJNQJBSFMUBNCPSQVFEFFODPOUSBS BMHVOBTJNQVSF[BT4ØMPTPOSFTJEVPTEFMEFUFSHFOUFFJNQVSF[BTPSJHJOBEBTEVSBOUFMB MJNQJF[BEFMUBNCPS3FQJUBEPTPUSFTWFDFTFMDJDMPEFFOKVBHVF -BGVODJØOEFSFNPKPNJOVUPT TFBKVTUBBVUPNÈUJDBNFOUF &MOJWFMEFMBHVBQSJNFSPTFFTUBCMFDFFO.FEJPZTFHVJEBNFOUFDBNCJBB"MUPEVSBOUF FMFOKVBHBEP .BOUFOJNJFOUPEFMBMJNQJF[BEFMUBNCPS $VBOEPTFVUJMJ[BFMFMFDUSPEPNÏTUJDPFOVOFOUPSOPBNCJFOUBMIÞNFEPEVSBOUFQFSJPEPTEF UJFNQPQSPMPOHBEPTFOFMUBNCPSTFQVFEFOGJKBSEJGFSFOUFTUJQPTEFCBDUFSJBTZGPSNBSVOB DBQBEFTVDJFEBEIPOHPT RVFQVFEFOSFTVMUBSEB×JOPTQBSBMBTBMVE1BSBNBOUFOFSFMUBNCPS TJFNQSFMJNQJPZFOCVFOBTDPOEJDJPOFTIJHJÏOJDBTMFSFDPNFOEBNPTRVFMFBMBTFDDJØO$JDMP -BWBEPEF5BNCPSZMJNQJFÏTUFSFHVMBSNFOUFBMNFOPTVOBWF[FOUSFVOPZUSFTNFTFTTØMP DPOEFUFSHFOUFTBEFDVBEPTPSFDPNFOEBEPT @4FUUJOHVQZPVSXBTIFS $JDMP"IPSSP $JDMP%FQPSUFT8BTI1FSV 4FMFDDJPOFFTUFDJDMPQBSBMBWBSSPQBEFQPSUJWB 4JTFTFMFDDJPOBFTUFDJDMPEFNBOFSBQSFEFUFSNJOBEBTFTFMFDDJPOB4JMWFS8BTI 1VMTFFMCPUØO&ODFOEFSQBSBRVFTFBDUJWF 1VMTFFMCPUØOEFTFMFDDJØO$JDMPTDVBUSPWFDFT 1VMTFFMCPUØO*OJDJP1BVTB &MOJWFMEFBHVBTFTFMFDDJPOBSÈBVUPNÈUJDBNFOUF"DPOUJOVBDJØOWFOESÈOFMMBWBEPFM FOKVBHBEPZFMDFOUSJGVHBEP4JEFTFBEFUFOFSFMQSPDFTPQVMTFEFOVFWPFMCPUØO*OJDJP 1BVTB$VBOEPTFEFUFOHBFMQSPDFTPQPESÈDBNCJBSFMDJDMP $JFSSFMBUBQB $JDMP+FBOT 4FVTBQBSBVOMBWBEPNÈTBGPOEP 1VMTFFMCPUØO&ODFOEFSQBSBRVFTFBDUJWF 1VMTFFMCPUØOEFTFMFDDJØO$JDMPTDJODPWFDFT 1VMTFFMCPUØO*OJDJP1BVTBZDPMPRVFMBDBOUJEBEBEFDVBEBEF EFUFSHFOUFFOFMUBNCPS &MOJWFMEFBHVBTFTFMFDDJPOBSÈBVUPNÈUJDBNFOUF &MOJWFMEFBHVBTØMPQVFEFBKVTUBSFO"MUP_#BKP $JFSSFMBUBQB Ú 4FMFDDJPOFFMCPUØO4JMWFS8BTIQBSBSFBMJ[BSVOMBWBEPBOUJCBDUFSJBT $JDMP%FMJDBEB 5FKJEPTMBWBCMFTDIBRVFUBTEFQVOUPSPQBEFMJDBEBFUD 1VMTFFMCPUØO&ODFOEFSQBSBRVFTFBDUJWF 1VMTFFMCPUØOEFTFMFDDJØO$JDMPTTFJTWFDFT 1VMTFFMCPUØO*OJDJP1BVTB "DPOUJOVBDJØOWFOESÈOFMMBWBEPFMFOKVBHBEPZFMDFOUSJGVHBEP4JEFTFBEFUFOFSFMQSPDFTP QVMTFEFOVFWPFMCPUØO*OJDJP1BVTB$VBOEPTFEFUFOHBFMQSPDFTPQPESÈDBNCJBSFMDJDMP $JFSSFMBUBQB 4ØMPTFQVFEFTFMFDDJPOBSBHVBGSÓB &MÞMUJNPDFOUSJGVHBEPFTNÈTTVBWFQBSBFWJUBSMBTBSSVHBT 13&$"6$*»/ 6UJMJDFFMEFUFSHFOUFJOEJDBEP Ú &OFMDJDMP%FMJDBEB4JMWFS8BTI3FNPKBSZ"JS5VSCP4FDBEP5VSCP OPTFQVFEFO TFMFDDJPOBSZBRVFQPESÓBOEB×BSMBSPQB 4FUUJOHVQZPVSXBTIFS@ 4FUUJOHVQZPVSXBTIFS 4JEFTFBMBWBSMBTUPBMMBTRVFVUJMJ[BGSFDVFOUFNFOUFPMBSPQBNFOPTTVDJB $PNPFMMBWBEPFTSÈQJEPFTJEFBMQBSBMBDPMBEBNÈTMJHFSBPNFOPTTVDJB 1VMTFFMCPUØO&ODFOEFSQBSBRVFTFBDUJWF 1VMTFFMCPUØOEFTFMFDDJØO$JDMPTUSFTWFDFT 1VMTFFMCPUØO*OJDJP1BVTB &MOJWFMEFBHVBTFTFMFDDJPOBSÈBVUPNÈUJDBNFOUF"DPOUJOVBDJØOWFOESÈOFMMBWBEPFM FOKVBHBEPZFMDFOUSJGVHBEP4JEFTFBEFUFOFSFMQSPDFTPQVMTFEFOVFWPFMCPUØO*OJDJP 1BVTB$VBOEPTFEFUFOHBFMQSPDFTPQPESÈDBNCJBSFMDJDMP $JFSSFMBUBQB Ú 4FMFDDJPOFFMCPUØO4JMWFS8BTIQBSBSFBMJ[BSVOMBWBEPBOUJCBDUFSJBT Ú .JTU4IPXFS3PDJPEF"HVB TFTFMFDDJPOBEFNPEPQSFEFUFSNJOBEPQBSBBIPSSBS FOFSHÓBZBHVB JOTUBMBDJØOEFMBMBWBEPSB $JDMP1FTBEP 1SFOEBTEFHSBOWPMVNFODPNPNBOUBTZSPQBEFDBNB 1VMTFFMCPUØO&ODFOEFSQBSBRVFTFBDUJWF 1VMTFFMCPUØOEFTFMFDDJØO$JDMPTTJFUFWFDFT 1VMTFFMCPUØO*OJDJP1BVTB &MOJWFMEFBHVBTFTFMFDDJPOBSÈBVUPNÈUJDBNFOUF"DPOUJOVBDJØOWFOESÈOFMMBWBEPFM FOKVBHBEPZFMDFOUSJGVHBEP4JEFTFBEFUFOFSFMQSPDFTPQVMTFEFOVFWPFMCPUØO*OJDJP 1BVTB$VBOEPTFEFUFOHBFMQSPDFTPQPESÈDBNCJBSFMDJDMP $JFSSFMBUBQB t %PCMFMBQSFOEBEFHSBOWPMVNFONBOUBTZSPQBEF DBNB DPNPTFNVFTUSBFOMBJMVTUSBDJØOBOUFTEF DPMPDBSMBFOFMUBNCPSEFDFOUSJGVHBEP t /PMBWFMBTNBOUBTFMÏDUSJDBTOJMBTBMGPNCSBT t $PNQSFVOBCPMTBEFNBMMBQBSBQSFOEBEFHSBOWPMVNFOMJHFSBFKFNQMPDBDIFNJSFT ZBRVFQVFEFTBMJSEFMBHVBZFTUSPQFBSTF Ú 4FMFDDJPOFFMCPUØO4JMWFS8BTIQBSBSFBMJ[BSVOMBWBEPBOUJCBDUFSJBT *OJDJPSFUBSEBEP {$ØNPQSPHSBNBSVOMBWBEPSFUBSEBEP 4FMFDDJPOFFTUFDJDMPDVBOEPUFOHBRVFTBMJSPIBDFSPUSBDPTB 1VMTFFMCPUØO&ODFOEFSQBSBRVFTFBDUJWF 1VMTFFMCPUØOEFTFMFDDJØO$JDMPT 1VMTFFMCPUØO*OJDJP3FUBSEBEPVOBWF[ 1VFEFDBNCJBSFMUJFNQPEFJOJDJPSFUBSEBEPDPOFMCPUØO*OJDJP3FUBSEBEPEFB IPSBT 1VMTFFMCPUØO*OJDJP1BVTBZDPMPRVFMBDBOUJEBEBEFDVBEBEFEFUFSHFOUFFOFMUBNCPS $JFSSFMBUBQB &MMBWBEPGJOBMJ[BSÈFOFMNPNFOUPQSPHSBNBEP"×BEBEFUFSHFOUFZTVBWJ[BOUFFO QSPQPSDJØOBMOJWFMEFBHVB"DPOUJOVBDJØODJFSSFMBUBQB t %FCFB×BEJSFMEFUFSHFOUFFOFMDPNQBSUJNJFOUPEFMEFUFSHFOUF t 4JFMEFUFSHFOUFTFFYUJFOEFEJSFDUBNFOUFTPCSFMBQSFOEBQVFEFRVFBMHVOBTQSFOEBT TFEFTUJ×BOBMSFUSBTBSTFFMJOJDJP t 4JEFTFBDBODFMBSMBGVODJØO*OJDJP3FUBSEBEPQVMTFFMCPUØO&ODFOEFS t -BIPSBEFGJOBMJ[BDJØOQSPHSBNBEBQVFEFWBSJBSEFQFOEJFOEPEFMBQSFTJØOEFMBHVB @4FUUJOHVQZPVSXBTIFS GVODJPOFTNBOVBMFT &TQPTJCMFTFMFDDJPOBSMBGVODJØOQBSBDBEBDJDMP &KFNQMP 1BSBVOMBWBEPTFODJMMPDPNPVODJDMPEFQPDBTVDJFEBE &ODFOEFSÆ4FMFDDJPOFFMDJDMPEFSPQBQPDPTVDJBÆ-BWBSÆ*OJDJP1BVTB 4»-0&/+6"("3 1VMTFFMCPUØO&OKVBHBS 1VMTFFMCPUØO*OJDJP1BVTB &MFOKVBHBEPTFSFBMJ[BWFDFT $VBOEPFMCPUØO&OKVBHBSTFQVMTBEVSBOUFFMFOKVBHBEPFTQPTJCMF BKVTUBSFTUFQSPDFTPQBSBRVFTFSFBMJDFEFBWFDFT 4»-0$&/53*'6("31SF4FDBS 1VMTFFMCPUØO$FOUSJGVHBS 1VMTFFMCPUØO*OJDJP1BVTB &MDFOUSJGVHBEPTFQSPMPOHBEVSBOUFNJOVUPT $VBOEPTFQVMTBFMCPUØO$FOUSJGVHBSEVSBOUFFMDFOUSJGVHBEPFT QPTJCMFDBNCJBSMBEVSBDJØOEFMUJFNQPEFDFOUSJGVHBEPFOUSFZ NJOVUPT -"7"3:&/+6"("3 1VMTFMPTCPUPOFT-BWBSZ&OKVBHBS 1VMTFVOBWF[FMCPUØO*OJDJP1BVTB %FUFDUBMBDBOUJEBEEFDPMBEBZEFUFSNJOBBVUPNÈUJDBNFOUFFMUJFNQP EFMBWBEPZEFFOKVBHBEP $VBOEPTFQVMTBOMPTCPUPOFT-BWBSZ&OKVBHBSNJFOUSBTMBMBWBEPSB FTUÈGVODJPOBOEP FMUJFNQPEFMBWBEPTFQVFEFBKVTUBSEFBNJOVUPTZFMFOKVBHBEP EFBWFDFT &/+6"("3:$&/53*'6("31SF4FDBS 1VMTFMPTCPUPOFT&OKVBHBSZ$FOUSJGVHBS 1VMTFVOBWF[FMCPUØO*OJDJP1BVTB "DPOUJOVBDJØODPNFO[BSÈFMFOKVBHBEPBMRVFTFHVJSÈFMDFOUSJGVHBEP $VBOEPTFQVMTBOMPTCPUPOFT&OKVBHBSZ$FOUSJGVHBSNJFOUSBT MBMBWBEPSBFTUÈGVODJPOBOEPFMOÞNFSPEFFOKVBHBEPTTFQVFEF FTUBCMFDFSEFBZFMUJFNQPEFDFOUSJGVHBEPQBSBFMTFDBEPEFMB DPMBEBEFBNJOVUPT -"7"3&/+6"("3:$&/53*'6("31SF4FDBS 1VMTFMPTCPUPOFT-BWBS&OKVBHBSZ$FOUSJGVHBS 1VMTFVOBWF[FMCPUØO*OJDJP1BVTB 4FFKFDVUBOMBTGVODJPOFTEF-BWBS&OKVBHBSZ$FOUSJGVHBS .BOVBMGVODUJPOT@ .BOVBMGVODUJPOT 4»-0-"7"3 1VMTFFMCPUØO&ODFOEFS 1VMTFFMCPUØO-BWBS 1VMTFFMCPUØO*OJDJP1BVTB &MMBWBEPTFQSPMPOHBEVSBOUFNJOVUPT $VBOEPFMCPUØO-BWBSTFQVMTBEVSBOUFFMMBWBEPFTQPTJCMFDBNCJBS FMUJFNQPEFEVSBDJØOEFFTUFQSPDFTPFOUSFZNJOVUPT JOTUBMBDJØOZNBOUFOJNJFOUP &M.BOVBMEFMVTVBSJPTJSWFQBSBWBSJBTNÈRVJOBT 4JHBMBTJOTUSVDDJPOFTEFM.BOVBMEFMVTVBSJPEFBDVFSEPDPOFMNPEFMPEFTV MBWBEPSB &/503/0 %FKFBMHPEFFTQBDJPBMSFEFEPSEFMBNÈRVJOB %FKFBMNFOPTDNFOUSFMBMBWBEPSBZMBQBSFE $PMPRVFMBMBWBEPSBFOVOBTVQFSGJDJFTØMJEBZQMBOB 4JDPMPDBMBMBWBEPSBFOVOBTVQFSGJDJFCMBOEBPEFTOJWFMBEBQVFEFOQSPEVDJSTFSVJEPTPWJCSBDJPOFT&M NÈYJNPEFTOJWFMQFSNJUJEPFTEF "KVTUFMBTQBUBTQBSBOJWFMBSMBMBWBEPSB /VODBJOTUBMFMBMBWBEPSBDFSDBEFBHVB /PDPMPRVFMBMBWBEPSBFOIBCJUBDJPOFTIÞNFEBTOJFOMVHBSFTFOMPTRVFRVFEFFYQVFTUBBMBMMVWJB-B IVNFEBEQVFEFEFTUSVJSFMBJTMBNJFOUPFMÏDUSJDPDPOFMDPOTJHVJFOUFSJFTHPEFEFTDBSHBFMÏDUSJDB &WJUFMBMV[EJSFDUBEFMTPMZMPTDBMFOUBEPSFTPDBMFGBDUPSFT $PNPFMQMÈTUJDPZMPTDPNQPOFOUFTFMÏDUSJDPTTFWFOBGFDUBEPTQPSFMDBMPSEJSFDUPOVODBDPMPRVFMB MBWBEPSBDFSDBEFIPSOPTDBMEFSBTFUD/PMBFYQPOHBOVODBBMBMV[EJSFDUBEFMTPM /*7&-"$*»/ t 4JMBMBWBEPSBOPFTUÈOJWFMBEBDPOFMTVFMPQVFEFRVFWJCSFNÈTEFMPEFCJEPPTFBWFSÓF1PSMPUBOUP BTFHÞSFTFEFRVFMBNÈRVJOBFTUÏDPSSFDUBNFOUFOJWFMBEB "HVB $0.136&#&26&-"-"7"%03"&45²/*7&-"%"1"3" &--07&3*'*26&-"104*$*»/%&-5".#03 t "CSBMBUBQBEFMBMBWBEPSBWJFSUBBHVBFOFMUBNCPS IBTUBBMDBO[BSFMOJWFMTJUVBEPKVTUPEFCBKPEFMHFOFSBEPS EFJNQVMTPTZBKVTUFMBTQBUBTQBSBRVFFMHFOFSBEPSEF JNQVMTPTRVFEFDFOUSBEPUBMDPNPTFNVFTUSBFOMBGJHVSB #-026&"3 "'-0+"3 t $PMPRVFMBNÈRVJOBBNÈTEFDNEFEJTUBODJBEFMB QBSFE t /JWFMFMBTQBUBT $0/&9*»/%&-"."/(6&3"%&46.*/*4530%&"(6" 3FUJSFFMBEBQUBEPSEFMBNBOHVFSBEFTVNJOJTUSPEFBHVB 1SJNFSPVUJMJDFVOEFTUPSOJMMBEPSUJQPiwZBGMPKFMPTDVBUSP UPSOJMMPTEFMBEBQUBEPS"DPOUJOVBDJØOTBRVFFMBEBQUBEPS ZHJSFMBQJF[BC TJHVJFOEPMBGMFDIBQBSBEFKBSVOFTQBDJP FOUSFFMMPTEFNN $POFDUFFMBEBQUBEPSBMBTBMJEBEFBHVBBQSFUBOEP MPTUPSOJMMPTDPOGVFS[B"DPOUJOVBDJØOHJSFMBQJF[BC TJHVJFOEPMBGMFDIBZKVOUFMBTQJF[BTB ZC A B @*OTUBMMBUJPONBJOUFOBODF $POFDUFMBNBOHVFSBEFTVNJOJTUSPEFBHVBBMBEBQUBEPS 5JSFEFMBQJF[BD EFMBNBOHVFSBEFMTVNJOJTUSPEFBHVB $VBOEPMBQJF[BD TFMJCFSFMBNBOHVFSBTFDPOFDUBSÈ BVUPNÈUJDBNFOUFBMBEBQUBEPSIBDJFOEPVOiDMJDw $POFDUFFMPUSPFYUSFNPEFMBNBOHVFSBEFTVNJOJTUSP EFBHVBBMBMMBWFEFQBTPEFMBHVBTJUVBEBFOMBQBSUF QPTUFSJPSEFMBMBWBEPSB"QSJFUFDPNQMFUBNFOUFMB NBOHVFSBFOFMTFOUJEPEFMBTBHVKBTEFMSFMPK C $POFDUFFMPUSPFYUSFNPEFMBNBOHVFSBEFTVNJOJTUSP EFBHVBBMBMMBWFEFQBTPEFMBHVBTJUVBEBFOMBQBSUF TVQFSJPSEFMBMBWBEPSB"QSJFUFDPNQMFUBNFOUFMB NBOHVFSBFOFMTFOUJEPEFMBTBHVKBTEFMSFMPK *OTUBMMBUJPONBJOUFOBODF Ú 4JMBTBMJEBEFBHVBFTEFUJQPSPTDBNPOUFVOBNBOHVFSB EFTVNJOJTUSPEFBHVBRVFFODBKFDPOMBTBMJEBUBMDPNP TFNVFTUSBFOMBJMVTUSBDJØO6OBWF[GJOBMJ[BEBMBDPOFYJØO TJFMBHVBTFTBMFEFMBNBOHVFSBSFQJUBMPTNJTNPTQBTPT 6OBWF[GJOBMJ[BEBMBDPOFYJØOTJFMBHVBTFTBMFEFMBNBOHVFSBSFQJUBMPTNJTNPTQBTPT 6UJMJDFMBMMBWFEFUJQPNÈTDPSSJFOUFQBSBFMTVNJOJTUSPEFBHVB &ODBTPEFRVFMBMMBWFTFBDVBESBEBPEFNBTJBEPHSBOEFRVJUFFMBOJMMPBOUFTEFJOTFSUBS MBMMBWFFOFMBEBQUBEPS &/4".#-"+&%&-1"/&-%&1305&$$*»/$0/53"30&%03&4 *ODMJOFVOQPDPMBMBWBEPSBZMFWBOUFFMQBOFMIBTUBRVFFODBKF1PSÞMUJNPBUPSOJMMFFMQBOFMB MBCBTFDPNPTFNVFTUSBFOMBGJHVSB -BEPQPTUFSJPS *OTFSUFFMQBOFMEFQSPUFDDJØODPOUSB SPFEPSFTFOFMPSJGJDJPEFFOTBNCMBKF TJUVBEPFOMBQBSUFQPTUFSJPS 4JMFSFTVMUBEJGÓDJMJOTFSUBSFMQBOFMMFWBOUF MBMBWBEPSBVOQPDP *OTUBMMBUJPONBJOUFOBODF@ JOTUBMBDJØOZNBOUFOJNJFOUP $0/&9*»/%&-"."/(6&3"%&%&4"(Ã& &OVOBMBWBEPSBDPOEFTBHàFEFCPNCFP UBQØOEF NBOHVFSB "TFHÞSFTFEFVOJSGJSNFNFOUFMBNBOHVFSB EFEFTBHàFBMBTBMJEBTJUVBEBFOMBQBSUF QPTUFSJPSEFMBNÈRVJOB _DN 4BRVFFMUBQØOEFNBOHVFSBZDPOFDUFMB NBOHVFSBEFEFTBHàF "TFHÞSFTFEFVOJSGJSNFNFOUFMBNBOHVFSB *OTUBMFMBNBOHVFSBEFEFTBHàF EFEFTBHàFBMBTBMJEBTJUVBEBBVOMBEPEFMB BQSPYJNBEBNFOUFB_DNEFMTVFMP NÈRVJOB &OVOBMBWBEPSBEFUJQPDPNÞO %FTQVÏTEFFNQVKBSFMBOJMMPEFFNQBMNFJOTFSUFMB NBOHVFSBEFEFTBHàF %FTQVÏTEFEJSJHJSMBNBOHVFSBBVOEFTBHàFDPOÏDUFMB DPOMBTBMJEBEFEFTBHàFEFMBMBWBEPSB TBMJEBEF EFTBHàF "TFHÞSFTFEFDPOFDUBSMBGJSNFNFOUFQBSBFMMPFNQVKFFM BOJMMPEFFNQBMNFZBDPQMFMBNBOHVFSBFOMBTBMJEBEF EFTBHàF t -BMPOHJUVEEFMBNBOHVFSBEFEFTBHàFFTBKVTUBCMF1PS MPUBOUPQVFEFBMBSHBSMBEFMBNBOFSBBQSPQJBEB @*OTUBMMBUJPONBJOUFOBODF $BNCJPEFMBEJSFDDJØOEFMBNBOHVFSBEFEFTBHàF t 1BSBTBDBSMBNBOHVFSBEFEFTBHàFTFQVMTBMBNBOJMMBEFM BOJMMPEFFNQBMNF$BNCJFMBEJSFDDJØOEFMBNBOHVFSBEF EFTBHàFZTJHBMBTJOTUSVDDJPOFTBOUFSJPSFTEFOVFWP 1SFDBVDJPOFTEVSBOUFMBDPMPDBDJØOEFMBNBOHVFSBEFEFTBHàF $VBOEPDPOFDUFMBNBOHVFSBEFEFTBHàF %FKFFTDVSSJSFMBHVBEFMFYUSFNPEFMB DPOPUSBTNBOHVFSBTOPEFKFRVF NBOHVFSBEFEFTBHàF TPCSFTBMHBNÈTEFN .FOPTEFN .FOPTEF DN &MVNCSBMOPEFCFTPCSFQBTBSMPTDN /PJOTUBMFMBNBOHVFSBEFEFTBHàF EFCBKPEFMBMBWBEPSB $».010/&3&-%&5&3(&/5& "CSBFMDPNQBSUJNJFOUPEFEFUFSHFOUFUJSBOEPEFÏMFOMBEJSFDDJØOEF MBGMFDIBDPNPTFNVFTUSBFOMBGJHVSBFJOUSPEV[DBFMEFUFSHFOUFFO QPMWP %JTUSJCVZBFMEFUFSHFOUFEFGPSNBSFHVMBSQBSBRVFFMEFUFSHFOUFOP SFCPTF $».0"º"%*3&-46"7*;"/5& %FTMJDFZBCSBMBUBQBFOMBEJSFDDJØOEFMBGMFDIBQPOHBFMEFUFSHFOUFEF BDMBSBEPZWVFMWBBEFTMJ[BSZDFSSBSMBUBQBFOFMTFOUJEPDPOUSBSJP t $VBOEPTFEFQPTJUBVOBDBOUJEBEBEFDVBEBVOBWF[CBTUB EF TVBWJ[BOUFFOMBFOUSBEBEFTVBWJ[BOUFÏTUFTFWJFSUFBVUPNÈUJDBNFOUF FOFMÞMUJNPDJDMPEFFOKVBHBEP t /PQPOHBEFUFSHFOUFMFKÓBOJBMNJEØOFOMBFOUSBEBEFTVBWJ[BOUF t 4JVUJMJ[BEFNBTJBEPTVBWJ[BOUFQVFEFRVFMPTSFTVMUBEPTOPTFBOEF TVBHSBEP t /PBCSBMBUBQBEVSBOUFFMDJDMPEFDFOUSJGVHBDJØO4JMPB×BEF EFNBTJBEPQSPOUPTVFGJDBDJBEJTNJOVZF t /PEFKFFMTVBWJ[BOUFFOFMEJTQFOTBEPSEVSBOUFNVDIPUJFNQP&M TVBWJ[BOUFTFTPMJEJGJDB *OTUBMMBUJPONBJOUFOBODF@ *OTUBMMBUJPONBJOUFOBODF .FOPTEFN JOTUBMBDJØOZNBOUFOJNJFOUP '*-530%&-$0/&$503%&46.*/*4530%&"(6" 4BRVFFMGJMUSPZMÓNQJFMPCJFO $PMPRVFFMGJMUSPZDPOFDUFGJSNFNFOUFMBNBOHVFSBBMB MMBWFEFQBTPEFMBHVB $PNQSVFCFRVFOPIBZBHPUFP "QSJFUFCJFOFMDPOFDUPS -*.1*&;"%&-'*-530 -JNQJFDPOGSFDVFODJBMBNBMMBEFMGJMUSPQBSBNBOUFOFSMJNQJBMBMBWBEPSB &NQVKFMBQBSUFTVQFSJPSEFMGJMUSP NÈHJDPZUJSF "CSBMBDVCJFSUBDPNPTFNVFTUSBFOMB GJHVSB -JNQJF[BEFMGJMUSPNÈHJDP $JFSSFMBDVCJFSUBFJOTFSUFMBQBSUFJOGFSJPSEFM GJMUSPFOFMUBNCPS"DPOUJOVBDJØOFNQVKFFM GJMUSPIBTUBRVFFODBKFIBDJFOEPiDMJDw -*.1*&;"%&-'*-530%&-"#0.#" $PMPRVFVOUSBQPEFCBKPEFMGJMUSPEFMBMBWBEPSBQBSBOPNPKBSFM TVFMP (JSFFMGJMUSPFOTFOUJEPPQVFTUPBMEFMBTBHVKBTEFMSFMPKZUJSFEFÏM 3FUJSFMBTVDJFEBEZHJSFFMGJMUSPFOFMTFOUJEPEFMBTBHVKBTEFMSFMPK IBTUBRVFWVFMWBBFODBKBS 1"35&1045&3*03 '*-530 53"10 @*OTUBMMBUJPONBJOUFOBODF "#3*3 $&33"3 TPMVDJØOEFQSPCMFNBT $0.130#"3 -BMBWBEPSBOPGVODJPOB &MBHVBOPTFWBDÓB {&TUÈIBDJBBCBKPMBNBOHVFSBEFEFTBHàF /P IBZCPNCFP {&TUÈDPOHFMBEBMBNBOHVFSBEFEFTBHàF {&TUÈBUBTDBEBMBNBOHVFSBEFEFTBHàF 4JFONJOVUPTOPTFWBDÓBFMBHVBTPOBSÈ VOBBMBSNBZBQBSFDFSÈi&wFOFMJOEJDBEPSEF UJFNQPSFTUBOUF /PTFTVNJOJTUSBBHVBBMB MBWBEPSB {&TUÈBCJFSUBMBMMBWFEFMBHVB {&TUÈDPSUBEBFMBHVB {&TUÈBUBTDBEBMBDPOFYJØOEFMBNBOHVFSB PMBNBOHVFSBEFTVNJOJTUSPEFBHVB {&TUÈDPOHFMBEBMBMMBWFEFMBHVB 4JFOIPSBOPTFTVNJOJTUSBBHVBBMB MBWBEPSBTPOBSÈVOBBMBSNBZBQBSFDFSÈ i&wFOFMJOEJDBEPSEFUJFNQPSFTUBOUF {&TUÈBCJFSUBMBMMBWFEFMBHVB {&TUÈMBMBWBEPSBFODIVGBEB {&TUÈDPSUBEBMBDPSSJFOUFFMÏDUSJDB {)BZTVGJDJFOUFBHVB &MDFOUSJGVHBEPOPGVODJPOB {&TUÈMBSPQBEJTUSJCVJEBEFGPSNBSFHVMBS EFOUSPEFMBMBWBEPSB {&TUÈDPMPDBEBMBMBWBEPSBFOVOBTVQFSGJDJF QMBOBZTØMJEB &MBHVBTFEFTCPSEB 7VFMWBBQPOFSFOGVODJPOBNJFOUPMBNÈRVJOBEFTQVÏTEFM DFOUSJGVHBEP 4JDPOUJOÞBJOEJDBOEPTF×BMEFFSSPSMMBNFBMTFSWJDJPUÏDOJDP 5SPVCMFTIPPUJOH@ 5SPVCMFTIPPUJOH 130#-&." {MBMBWBEPSBOPGVODJPOB 130#-&." $0.130#"$*»/:40-6$*»/ -BDPSSJFOUFFMÏDUSJDBFTUÈ EFTBDUJWBEB {&TOPSNBMFMWPMUBKF {&TUÈMBMBWBEPSBFODIVGBEB $POFDUFFMDBCMFEFBMJNFOUBDJØO FMÏDUSJDB Â&MBHVBOPTFWBDÓB {&TUÈDPMPDBEBIBDJBBCBKPMBNBOHVFSBEFEFTBHàF $PMPRVFMB NBOHVFSBEFEFTBHàFIBDJBBCBKP {&TUÈEPCMBEBMBNBOHVFSBEFEFTBHàF &YUJFOEBCJFOMBNBOHVFSB EFEFTBHàF {&TUÈBUBTDBEBMBTBMJEBEFEFTBHàF 3FUJSFMPTSFTJEVPTZMÓNQJFMB -BMBWBEPSBOPGVODJPOB {&TUÈBCJFSUBMBUBQBEFMBMBWBEPSB Â$JFSSFMBUBQB {&TUÈQVMTBEPFMCPUØOEFQBVTB Â1VMTFFMCPUØO*OJDJP1BVTBVOBWF[NÈTZDPNQSVFCFTJMB MBWBEPSBTFQPOFFONBSDIB {)BZTVGJDJFOUFBHVBQBSBBMDBO[BSFMOJWFMEFBHVB Â4JMBQSFTJØOEFMBHVBFTCBKBUBSEBSÈNÈTFOJOJDJBSTFFMMBWBEP {&TUÈDFSSBEBMBMMBWFEFMTVNJOJTUSPEFBHVB Â"CSBMBMMBWFEFMTVNJOJTUSPEFBHVB 4JMBNBOHVFSBEFEFTBHàFZFM UBNCPSEFDFOUSJGVHBEPFTUÈO DPOHFMBEPTSFBMJDFMPTTJHVJFOUFT QBTPT r "×BEBBHVBDBMJFOUFBMBMMBWFEFMBHVBDPOHFMBEBZSFUJSFMB NBOHVFSBEFEFTBHàF*OUSPEÞ[DBMBFOBHVBDBMJFOUF r 7JFSUBBHVBDBMJFOUFFOFMUBNCPSEFDFOUSJGVHBEPEVSBOUF BQSPYJNBEBNFOUFNJOVUPT r $PMPRVFVOBUPBMMBDPOBHVBDBMJFOUFFOFMDPOFDUPSEFMB NBOHVFSBEFEFTBHàF r $VBOEPTFEFTDPOHFMFMBNBOHVFSBEFEFTBHàFDPOÏDUFMBEF OVFWPZDPNQSVFCFRVFFMBHVBTFWBDÓFDPSSFDUBNFOUF &MBHVBTFWBDÓBJONFEJBUBNFOUF r &MEFTBHàFFTUÈPCTUSVJEPDPONPOFEBTPBMGJMFSFT-B NBOHVFSBEFEFTBHàFFTUÈDPMHBEBEFMHBODIP-MFOFIBTUBMB NJUBEFMUBNCPSEFDFOUSJGVHBEPDPOBHVBFJOUFOUFDFOUSJGVHBS EFOVFWP &MBHVBHPUFBFOFMDPOFDUPSEFMB NBOHVFSBEFTVNJOJTUSPEFBHVB 4JMBQJF[BEFDPOFYJØOEFMBMMBWFFTUÈTVFMUBQVFEFRVFFMBHVB HPUFF Â3FQJUBEFOVFWPMPTQBTPTEFNPOUBKF$POTVMUFi$POFYJØOEF MBNBOHVFSBEFTVNJOJTUSPEFBHVBw $PNQSVFCFTJMBSPTDBEFHPNBEFMBNBOHVFSBEFBHVBFTUÈFOMB QPTJDJØODPSSFDUB Â"UPSOÓMMFMPEFOVFWPDPOGJSNF[B {&TUÈEPCMBEBMBNBOHVFSBEFTVNJOJTUSPEFBHVB Â&YUJFOEBCJFOMBNBOHVFSB 4JFMTVNJOJTUSPEFBHVBUJFOFEFNBTJBEBQSFTJØOQVFEFRVFFM BHVBHPUFF Â$JFSSFVOQPDPMBMMBWF {4BMFBHVBEFMBMMBWFQSPQJBNFOUFEJDIB Â'JKFMBMMBWF/PTFTVNJOJTUSBBHVBBMBMBWBEPSB @5SPVCMFTIPPUJOH 130#-&." $0.130#"3 &MBHVBHPUFBFOFMDPOFDUPSEFMB NBOHVFSBEFTVNJOJTUSPEFBHVB {)BQVMTBEPFMCPUØO*OJDJP1BVTBEFTQVÏTEFTFMFDDJPOBSFM TVNJOJTUSPEFBHVB Â4JOPQVMTBFMCPUØO*OJDJP1BVTBOPTFTVNJOJTUSBSÈBHVBBMB MBWBEPSB1VMTFFMCPUØO*OJDJP1BVTB {&TUÈBUBTDBEBMBNBMMBEFMGJMUSPEFMDPOFDUPSEFMBNBOHVFSBEF TVNJOJTUSPEFBHVB Â-JNQJFMBNBMMBEFMGJMUSPGSPUÈOEPMBDPOVODFQJMMPEFEJFOUFT {&TUÈDPSUBEBFMBHVB Â4JFMTVNJOJTUSPEFBHVBTFJOUFSSVNQFDJFSSFMBMMBWFZBQBHVFMB NÈRVJOB &MDFOUSJGVHBEPFNJUFSVJEPTZ WJCSBDJPOFTGVFSUFT 4QFDJGJDBUJPO {&TUÈDFSSBEBMBMMBWFEFMTVNJOJTUSPEFBHVB Â"CSBMBMMBWF $PNQSVFCFTJMBSPQBFTUÈEJTUSJCVJEBSFHVMBSNFOUFEFOUSPEFMB MBWBEPSB Â%JTUSJCVZBSFHVMBSNFOUFMBSPQBZQPOHBEFOVFWPFONBSDIBMB MBWBEPSB $PNQSVFCFTJMBMBWBEPSBFTUÈOJWFMBEBTPCSFVOBTVQFSGJDJFQMBOB ZTØMJEB Â/JWFMFMBNÈRVJOB {&TUÈTVFMUBMBNBOJMMBQBSBOJWFMBSMBTQBUBT Â/JWFMFMBTQBUBT {)BZPCKFUPTBMSFEFEPSEFMBMBWBEPSB Â3FUJSFFTUPTPCKFUPTEFMÈSFBEFMBMBWBEPSB FTQFDJGJDBDJPOFT $"/5*%"% .«9*."%& 301"4&$" &/LH 8"61 8"6" LH 8"61 8"6" LH -"7"%0 $0/46.0%& &/&3(¶" $&/53*'6("%0 %*.&/4*0/&4NN 1&40 13&4*»/%&-"(6" 5*10%&-"7"%0 "-50 M .&%*0 M #"+0 M .¶/*.0 M 8 /*7&- &45«/%"3 "O Y1S Y"M %&"(6" #"4& */'&3*03 "O Y1S Y"M #"4&461&3*03 8 LH _.1B _LHGDN 3FNPWJEP 640%&"(6" M 7&-0$*%"%%& 305"$*»/%&- (&/&3"%03%& *.16-404 SQN 4QFDJGJDBUJPO@ :$83%(3%B(6LQGG ¢¬Êb $POUBDUFDPO4".46/(803-%8*%& 4JUJFOFBMHVOBQSFHVOUBPDPNFOUBSJPSFGFSFOUFBOVFTUSPTQSPEVDUPTQPSGBWPS DPOUBDUFDPOOVFTUSP4FSWJDJPEF"UFODJØOBM$MJFOUF 1BÓT --".& 07*4*5&/6&453"1«(*/"8&# "3(&/5*/" $)*-& $045"3*$" +"."*$" 1"/"." 16&3503*$0 53*/*%"%50#"(0 7&/&;6&-" $0-0.#*" 4".46/( XXXTBNTVOHDPNBS XXXTBNTVOHDPNDM XXXTBNTVOHDPNMBUJO XXXTBNTVOHDPNMBUJO XXXTBNTVOHDPNMBUJO XXXTBNTVOHDPNMBUJO XXXTBNTVOHDPNMBUJO XXXTBNTVOHDPNMBUJO XXXTBNTVOHDPNDP /ÞNFSPEFDØEJHP%$#&4 :$83%(3%B(6LQGG ¢¬Êb