Catalogo Español GA30 FF

Manual de instrucciones
GA11, GA15, GA18, GA22, GA30C
Nota de Copyright
Se prohibe cualquier uso no autorizado o la copia de los contenidos o de
cualquier parte de los mismos.
Esto se aplica en particular a marcas comerciales, denominacin de
modelos, nmero de las piezas y diseos.
Fecha de impresin ......... 19/05/2005
Atlas Copco
www.atlascopco.com
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2GNKITQFGOWGTVG
#XKUQ
1DUGTXCEKPKORQTVCPVG

2TGECWEKQPGUFGUGIWTKFCFFWTCPVGKPUVCNCEKP
'NHCDTKECPVGFGENKPCVQFCTGURQPUCDKNKFCFRQTEWCNSWKGTFCQQNGUKP
TGUWNVCPVGFGNPQEWORNKOKGPVQFGGUVCURTGECWEKQPGUQFGNCPQ
QDUGTXCEKPFGNCRTGECWEKPJCDKVWCN[GNFGDKFQEWKFCFQGPNCKPUVCNCEKP
OCPGLQOCPVGPKOKGPVQQTGRCTCEKPCWPSWGPQUGJC[COGPEKQPCFQ
GZRTGUCOGPVG
2TGECWEKQPGUIGPGTCNGU
'NQRGTCTKQFGDGNNGXCTCNCRTEVKECNCUPQTOCUFGUGIWTKFCFKPFKECFCURCTCGUVGVTCDCLQ[QDUGTXCT
VQFCUNCUQTFGPCP\CU[TGSWGTKOKGPVQUNQECNGUGUVCDNGEKFQUGPOCVGTKCFGUGIWTKFCF
5KEWCNSWKGTKPFKECEKPFGNCUSWGUGEKVCPCEQPVKPWCEKPPQEWORNKGTCEQPNCNGIKUNCEKPNQECNUG
CRNKECTNCOUGUVTKEVC
.CKPUVCNCEKPHWPEKQPCOKGPVQOCPVGPKOKGPVQ[TGRCTCEKQPGUUNQUGNNGXCTPCECDQRQTRGTUQPCN
CWVQTK\CFQ[EQORGVGPVG
0QUGEQPUKFGTCCNEQORTGUQTECRC\FGUWOKPKUVTCTCKTGTGURKTCDNG2CTCQDVGPGTCKTGTGURKTCDNGGN
CKTGEQORTKOKFQFGDGUGTRWTKHKECFQEQTTGEVCOGPVGRCTCGUVGWUQEQPHQTOGCNCUPQTOCU[NG[GU
NQECNGU
#PVGUFGGORG\CTGNVTCDCLQFGOCPVGPKOKGPVQTGRCTCEKPQCLWUVGQEQORTQDCEKPFKUVKPVCFGNC
CVGPEKPTWVKPCTKCRCTGGNEQORTGUQTRWNUGGNDQVPFGRCTCFCFGGOGTIGPEKCFGUEQPGEVGGN
XQNVCLG[FGURTGUWTKEGGNEQORTGUQT#FGOUUGCDTKT[UGDNQSWGCTGNKPVGTTWRVQTUGRCTCFQTFG
GPGTICGNEVTKEC
0QLWGIWGPWPECEQPGNCKTGEQORTKOKFQ0QNQCRNKSWGCNCRKGNPKFKTKLCEJQTTQUFGCKTGCPKPIWPC
RGTUQPC0QWVKNKEGPWPECGNCKTGEQORTKOKFQRCTCNKORKCTUGNCTQRC#NWUCTNQRCTCNKORKCTGNGSWKRQ
JICNQEQPOWEJQEWKFCFQ[RTQVLCUGNQUQLQU
2TGECWEKQPGUFWTCPVGNCKPUVCNCEKP
.COSWKPCUNQFGDGNGXCPVCTUGWVKNK\CPFQGNGSWKRQCRTQRKCFQEQPHQTOGCNCUPQTOCVKXCUXKIGPVGU
GPOCVGTKCFGUGIWTKFCF6QFCUNCURKG\CUUWGNVCUQRKXQVCPVGUFGDGPUWLGVCTUGEQPUGIWTKFCFCPVGU
FGNGXCPVCT'UVVGTOKPCPVGOGPVGRTQJKDKFQSWGFCTUGQRCUCTGPNC\QPCFGTKGUIQRQTFGDCLQFG
WPCECTICNGXCPVCFC.CCEGNGTCEKP[FGUCEGNGTCEKPFGGNGXCEKPFGDGPCLWUVCTUGCNQUNOKVGUFG
UGIWTKFCF2PICUGGNECUEQFGUGIWTKFCFCNVTCDCLCTEGTECFGGSWKRQGNGXCFQTQCTGQ
%QNQSWGNCOSWKPCFQPFGGNCKTGCODKGPVGUGCNQOUHTGUEQ[NKORKQRQUKDNG5KGUPGEGUCTKQ
KPUVCNGWPEQPFWEVQFGUWEEKP0WPECQDUVTW[CNCVQOCFGCKTG&GDGTGFWEKTUGCNOPKOQNC
GPVTCFCFGNCJWOGFCFSWGCEQORCCCNCKTGFGCURKTCEKP
&GDGTGVKTCTEWCNSWKGTDTKFCQDVWTCFQTCVCRPVCRCQDQNUCUFGFGUGECPVGCPVGUFGEQPGEVCTNCU
VWDGTCU
.CUOCPIWGTCUFGCKTGFGDGTPUGTFGNVCOCQEQTTGEVQ[CFGEWCFCUCNCRTGUKPFGVTCDCLQ0WPEC
WUGOCPIWGTCUFGUICUVCFCUFGVGTKQTCFCUQFGUJKNCEJCFCU.CUVWDGTCUFGFKUVTKDWEKP[UWU
EQPGZKQPGUFGDGTPUGTFGNVCOCQEQTTGEVQ[CFGEWCFCUCNCRTGUKPFGVTCDCLQ
'NCKTGCURKTCFQGUVCTNKDTGFGJWOQUQXCRQTGUKPHNCOCDNGURGLFKUQNXGPVGUFGRKPVWTCSWG
RQFTCPRTQFWEKTWPKPEGPFKQQGZRNQUKPKPVGTPC
%QNQSWGNCVQOCFGCKTGGPWPUKVKQFQPFGPQRWGFCCURKTCTTQRCUUWGNVCUFGNCURGTUQPCU
%QORTWGDGSWGNCVWDGTCFGFGUECTICSWGXCFGUFGGNEQORTGUQTCNTGHTKIGTCFQTRQUVGTKQTQCNCTGF
FGCKTGRWGFGFKNCVCTRQTGHGEVQUFGNECNQT[PQGUVGPEQPVCEVQEQPOCVGTKCNKPHNCOCDNGQEGTECFG
UVG
0QUGRWGFGGLGTEGTPKPIWPCHWGT\CGZVGTPCUQDTGNCXNXWNCFGUCNKFCFGCKTGGNVWDQEQPGEVCFQPQ
RWGFGGUVCTUQOGVKFQCGUHWGT\Q
5KUGKPUVCNCWPEQPVTQNTGOQVQNCOSWKPCNNGXCTWPECTVGNGPRQUKEKPXKUKDNGKPFKECPFQ2'.+)41
'UVCOSWKPCVKGPGEQPVTQNTGOQVQ[RWGFGRQPGTUGGPOCTEJCUKPRTGXKQCXKUQ
'NQRGTCFQTFGDGCUGIWTCTUGFGSWGNCOSWKPCGUVRCTCFC[FGSWGGNKPVGTTWRVQTUGRCTCFQTGUV
CDKGTVQ[DNQSWGCFQCPVGUFGTGCNK\CTEWCNSWKGTOCPVGPKOKGPVQQTGRCTCEKP2CTCOC[QTUGIWTKFCF
NCURGTUQPCUSWGCEEKQPCPGSWKRQURQTEQPVTQNTGOQVQFGDGPVQOCTNCURTGECWEKQPGUCFGEWCFCU
RCTCCUGIWTCTUGFGSWGPCFKGGUVXGTKHKECPFQNCOSWKPCQVTCDCLCPFQGPGNNC#GUVGHKPUG
EQNQECTWPCXKUQCFXKTVKGPFQSWGGNGSWKRQGPEWGUVKPCTTCPECRQTEQPVTQNTGOQVQ
CFKUVCPEKC
.CUOSWKPCUTGHTKIGTCFCURQTCKTGFGDGPKPUVCNCTUGFGOCPGTCSWGUGFKURQPICFGWPHNWLQ
CFGEWCFQFGCKTGFGTGHTKIGTCEKP[SWGGNCKTGFGGUECRGPQTGEKTEWNGCNCGPVTCFC
.CUEQPGZKQPGUGNEVTKECUFGDGPTGCNK\CTUGFGCEWGTFQEQPNQUEFKIQUNQECNGU.CKPUVCNCEKPFGDG
TGCNK\CTUGCVKGTTC[RTQVGIGTUGFGEQTVQEKTEWKVQURQTOGFKQFGHWUKDNGUGPVQFCUNCUHCUGU&GDG
KPUVCNCTUGWPKPVGTTWRVQTUGRCTCFQTFGGPGTICGNEVTKECEQPEKGTTGEGTECFGNEQORTGUQT
'POSWKPCUEQPUKUVGOCFGCTTCPSWGRCTCFCCWVQOVKEQQUKGUVCEVKXCFCNCHWPEKPFG
TGCTTCPSWGCWVQOVKEQFGURWUFGKPVGTTWREKPFGNXQNVCLGUGHKLCTEGTECFGNVCDNGTQFG
KPUVTWOGPVQUWPECTVGNSWGFKIC'UVCOSWKPCRWGFGRQPGTUGGPOCTEJCUKPRTGXKQCXKUQ
'PNQUUKUVGOCUHQTOCFQURQTXCTKQUEQORTGUQTGUFGDGPKPUVCNCTUGXNXWNCUOCPWCNGURCTCCKUNCT
ECFCEQORTGUQT0QFGDGEQPHKCTUGGPNCUXNXWNCUCPVKTTGVQTPQ
XNXWNCUFGTGVGPEKPRCTCCKUNCT
UKUVGOCUCRTGUKP
0WPECCPWNGPKOCPKRWNGNQUFKURQUKVKXQUFGUGIWTKFCFPKNCURTQVGEEKQPGUQNQUCKUNCOKGPVQU
OQPVCFQUGPNCOSWKPC%CFCTGEKRKGPVGCRTGUKPQFKURQUKVKXQCWZKNKCTKPUVCNCFQHWGTCFGNC
OSWKPCSWGXC[CCEQPVGPGTCKTGCRTGUKPUWRGTKQTCNCCVOQUHTKECUGRTQVGIGTEQPWP
FKURQUKVKXQQFKURQUKVKXQURCTCGXCEWCTFKEJCRTGUKPUKGUVQHWGTCPGEGUCTKQ
&GDGRTQVGIGTQCKUNCTNCUVWDGTCUWQVTCURCTVGUSWGCNECPEGPVGORGTCVWTCUUWRGTKQTGUCNQUu%
u(SWGRWGFCVQECTCEEKFGPVCNOGPVGGNRGTUQPCNFWTCPVGGNHWPEKQPCOKGPVQPQTOCN.CUQVTCU
VWDGTCUCVGORGTCVWTCGNGXCFCUGOCTECTPCFGEWCFCOGPVG
2CTCXGTUKQPGUTGHTKIGTCFCURQTCIWCGNUKUVGOCFGCIWCFGTGHTKIGTCEKPKPUVCNCFQHWGTCFGNC
OSWKPCFGDGGUVCTRTQVGIKFQRQTWPFKURQUKVKXQFGUGIWTKFCFEQPRTGUKPFGCLWUVGEQPHQTOGCNC
RTGUKPOZKOCFGGPVTCFCFGCIWCFGTGHTKIGTCEKP
5KGNUWGNQPQGUVPKXGNCFQQRWGFGGUVCTUWLGVQCKPENKPCEKPXCTKCDNGEQPUWNVGCNHCDTKECPVG
%QPUWNVGVCODKPNCURTGECWEKQPGUFGUGIWTKFCFUKIWKGPVGU2TGECWEKQPGUFGUGIWTKFCF
FWTCPVGHWPEKQPCOKGPVQ[2TGECWEKQPGUFGUGIWTKFCFFWTCPVGOCPVGPKOKGPVQ
.CURTGUGPVGURTGECWEKQPGUUQPXNKFCURCTCOSWKPCUSWGVTCVGPQEQPUWOCPCKTGQ
ICUKPGTVG'NVTCVCOKGPVQFGQVTQUVKRQUFGICUGZKIGRTGECWEKQPGUCFKEKQPCNGURTQRKCU
FGNCCRNKECEKPSWGPQHKIWTCPGPGNVGZVQCNRKG
#NIWPCURTGECWEKQPGUUQPFGECTEVGTIGPGTCN[UQPXNKFCURCTCXCTKQUVKRQUFG
OSWKPCU[GSWKRQURQTEQPUKIWKGPVGRWGFGSWGCNIWPCUKPFKECEKQPGUPQTGUWNVGP
UKGORTGCRNKECDNGUCNCOSWKPC

2TGECWEKQPGUFGUGIWTKFCFFWTCPVGHWPEKQPCOKGPVQ
GZRTGUCOGPVG
CRNKECTNCOUGUVTKEVC
NQECNGU
GPGTICGNEVTKEC
2TGECWEKQPGUFWTCPVGHWPEKQPCOKGPVQ
7UGUQNCOGPVGGNVKRQ[VCOCQEQTTGEVQUFGEQPGZKQPGU[CEEGUQTKQU#NUQRNCTCKTGCVTCXUFG
WPCOCPIWGTCQVWDGTCCUGITGUGFGSWGUGUWLGVCHKTOGOGPVGGNGZVTGOQCDKGTVQ7PGZVTGOQ
NKDTGIQNRGCTEQOQWPNVKIQ[RQFTECWUCTNGUKQPGU#UGITGUGFGSWGNCUOCPIWGTCUGUVP
EQORNGVCOGPVGFGURTGUWTK\CFCUCPVGUFGFGUEQPGEVCTNCU
.CURGTUQPCUSWGCEEKQPCPGSWKRQURQTEQPVTQNTGOQVQFGDGPVQOCTNCURTGECWEKQPGUCFGEWCFCU
CFKUVCPEKC
0WPECJCICHWPEKQPCTNQUITWRQUGPNWICTGUFQPFGGZKUVCNCRQUKDKNKFCFFGCURKTCTGOCPCEKQPGU
KPHNCOCDNGUQVZKECU
0WPECJCICHWPEKQPCTNCOSWKPCRQTFGDCLQQGPEKOCFGUWUNOKVGU
/CPVGPICEGTTCFCUVQFCUNCURWGTVCUFGNCECTTQEGTCFWTCPVGGNHWPEKQPCOKGPVQ5NQRWGFGP
CDTKTUGRQTDTGXGVKGORQRGLRCTCGHGEVWCTEQORTQDCEKQPGU7UGRTQVGEVQTGUFGQFQUCNCDTKTWPC
RWGTVC
.CURGTUQPCUSWGRGTOCPG\ECPGPWPCODKGPVGQWPCUCNCFQPFGGNPKXGNFGUQPKFQCNECPEGQ
GZEGFCF$
#FGDGPWUCTRTQVGEVQTGUFGQFQU
%QORTWGDGRGTKFKECOGPVGSWG
6QFCUNCURTQVGEEKQPGUUGGPEWGPVTCPGPUWNWICTRGTHGEVCOGPVGCUGIWTCFCU
6QFCUNCUOCPIWGTCU[QVWDGTCUFGPVTQFGNITWRQUGGPEWGPVTCPGPDWGPCUEQPFKEKQPGUDKGP
UWLGVCU[SWGPQUGTQ\CP
0QGZKUVGPHWICU
6QFQUNQUVGPUQTGUGUVPCRTGVCFQU
6QFQUNQUECDNGUGNEVTKEQUUGGPEWGPVTCPUGIWTQU[GPDWGPCUEQPFKEKQPGU
.CUXNXWNCUFGUGIWTKFCF[NQUQVTQUFKURQUKVKXQUFGGXCEWCEKPFGRTGUKPPQGUVPCVCUECFQU
RQTGUECOCUQRKPVWTC
.CXNXWNCFGUCNKFC[TGFFGCKTGGUFGEKTVWDQUCEQRNCOKGPVQUEQNGEVQTGUXNXWNCU
OCPIWGTCUGVEUGGPEWGPVTCPGPDWGPGUVCFQUKPFGUICUVGUCPQTOCNGU[VTCVCFQU
CFGEWCFCOGPVG
5KUGWUCGNCKTGFGTGHTKIGTCEKPECNKGPVGFGEQORTGUQTGUGPWPUKUVGOCFGECNGHCEEKPRQTCKTG
RGLRCTCECNGPVCTWPVCNNGTJC[SWGVQOCTRTGECWEKQPGUEQPVTCNCRQNWEKP[EQPVCOKPCEKP
GXGPVWCNFGNCKTGTGURKTCDNG
0QSWKVGPKPIWPCRCTVGFGNOCVGTKCNKPUQPQTK\CPVGPKNQECODKGFGUKVKQ
0WPECCPWNGPKOCPKRWNGNQUFKURQUKVKXQUFGUGIWTKFCFPKNCURTQVGEEKQPGUQNQUCKUNCOKGPVQU
OQPVCFQUGPNCOSWKPC%CFCFGRUKVQCRTGUKPQFKURQUKVKXQCWZKNKCTKPUVCNCFQHWGTCFGNC
OSWKPCSWGXC[CCEQPVGPGTCKTGCRTGUKPUWRGTKQTCNCCVOQUHTKECUGRTQVGIGTEQPWP
FKURQUKVKXQQFKURQUKVKXQURCTCGXCEWCTFKEJCRTGUKPUKGUVQHWGTCPGEGUCTKQ
FWTCPVGKPUVCNCEKP[2TGECWEKQPGUFGUGIWTKFCFFWTCPVGOCPVGPKOKGPVQ
ICUKPGTVG'NVTCVCOKGPVQFGQVTQUGURGEKGUFGICUGZKIGRTGECWEKQPGUCFKEKQPCNGU
RTQRKCUFGNCCRNKECEKPSWGPQHKIWTCPGPGNVGZVQCNRKG


2TGECWEKQPGUFGUGIWTKFCFFWTCPVGOCPVGPKOKGPVQQ
TGRCTCEKQPGU
GZRTGUCOGPVG
CRNKECTNCOUGUVTKEVC
NQECNGU
GPGTICGNEVTKEC
2TGECWEKQPGUFGUGIWTKFCFFWTCPVGOCPVGPKOKGPVQQTGRCTCEKQPGU
2PICUGUKGORTGWPCUICHCUFGUGIWTKFCF
7UGUQNCOGPVGNCUJGTTCOKGPVCUCFGEWCFCUCNVTCDCLQFGOCPVGPKOKGPVQ[TGRCTCEKP
5NQRQFTPWVKNK\CTUGTGRWGUVQUQTKIKPCNGU
.QUVTCDCLQUFGOCPVGPKOKGPVQUGNNGXCTPCECDQPKECOGPVGEWCPFQNCOSWKPCUGJC[CGPHTKCFQ
#FGOUGNGSWKRQFGCTTCPSWGFGDGNNGXCTWPECTVGNSWGFKICRGLUGGUVVTCDCLCPFQPQRQPGTGP
OCTEJC
.CURGTUQPCUSWGCEEKQPCPGSWKRQURQTEQPVTQNTGOQVQFGDGPVQOCTNCURTGECWEKQPGUCFGEWCFCU
CFKUVCPEKC
%KGTTGNCXNXWNCFGUCNKFCFGCKTGCPVGUFGEQPGEVCTQFGUEQPGEVCTWPCVWDGTC
#PVGUFGFGUOQPVCTEWCNSWKGTEQORQPGPVGRTGUWTK\CFQCUNGGNITWRQFGVQFCUNCUHWGPVGUFG
RTGUKP[CNKXKGVQFQGNUKUVGOCFGRTGUKP
0WPECWUGFKUQNXGPVGUKPHNCOCDNGUPKVGVTCENQTWTQFGECTDQPQRCTCNKORKCTNCURKG\CU6QOGOGFKFCU
FGUGIWTKFCFEQPVTCXCRQTGUVZKEQUFGNSWKFQUFGNKORKG\C
'ZVTGOGNCNKORKG\CFWTCPVGNQUVTCDCLQUFGOCPVGPKOKGPVQ[TGRCTCEKP%WDTCNCURKG\CU[NCU
CDGTVWTCUEQPWPRCQNKORKQRCRGNQEKPVCCFJGUKXCGXKVCPFQCUSWGRGPGVTGRQNXQ

0WPECUWGNFGPKNNGXGCECDQPKPIWPCQRGTCEKPSWGKORNKSWGGNWUQFGECNQTEGTECFGNUKUVGOCFG
CEGKVG.QUVCPSWGUFGCEGKVGFGDGPRWTICTUGEQORNGVCOGPVGEQPXCRQTRQTGLGORNQCPVGUFG
GHGEVWCTVCNGUQRGTCEKQPGU0QUWGNFGPKOQFKHKSWGPWPECTGEKRKGPVGUCRTGUKP
#NCOGPQTUGCNQUQURGEJCFGUQDTGECNGPVCOKGPVQFGWPCRCTVGKPVGTPCFGWPCOSWKPCFGDG
RCTCTUGUVC[PQCDTKTPKPIWPCVCRCFGKPURGEEKPJCUVCWPCXG\VTCPUEWTTKFQDCUVCPVGVKGORQFG
GPHTKCOKGPVQCHKPFGGXKVCTGNTKGUIQFGKIPKEKPGURQPVPGCFGNXCRQTFGCEGKVGCNGPVTCTGP
EQPVCEVQEQPGNCKTG
0WPECWVKNKEGWPCHWGPVGFGKNWOKPCEKPEQPNNCOCNKDTGRCTCKPURGEEKQPCTGNKPVGTKQTFGWPCOSWKPC
TGEKRKGPVGCRTGUKPGVE
#UGITGUGFGSWGPQJCPSWGFCFQJGTTCOKGPVCURKG\CUUWGNVCUQVTCRQUFGPVTQQGPEKOCFGNC
OSWKPC
6QFQUNQUFKURQUKVKXQUTGIWNCFQTGU[FGUGIWTKFCFFGDGPOCPVGPGTUGEQPGNFGDKFQEWKFCFQRCTC
ICTCPVK\CTSWGHWPEKQPCPEQTTGEVCOGPVG'UVRTQJKDKFQCRCICTGUVQUFKURQUKVKXQU
#PVGUFGFGLCTNCOSWKPCNKUVCRCTCWUQFGURWUFGNOCPVGPKOKGPVQQTGXKUKPEQORTWGDGSWGNCU
RTGUKQPGU[VGORGTCVWTCUFGHWPEKQPCOKGPVQ[NQUCLWUVGUFGVKGORQUQPEQTTGEVQU%QORTWGDGSWG
NQUFKURQUKVKXQUFGEQPVTQN[RCTCFCGUVPKPUVCNCFQU[HWPEKQPCPEQTTGEVCOGPVG5KUGJCSWKVCFQGN
IWCTFCCEQRNCOKGPVQFGNGLGFGCEEKQPCOKGPVQFGNEQORTGUQTEQORTWGDGSWGGUVTGKPUVCNCFQ
'ZCOKPGGNVWDQFGKORWNUKP[GNKPVGTKQTFGNFGRUKVQUGRCTCFQTFGCEGKVGECFCXG\SWGUGECODKG
GNGNGOGPVQUGRCTCFQTRCTCXGTUKGZKUVGPTGEKRKGPVGUUGRCTCFQTGUFGCEGKVGRCTCFGRUKVQUFG
ECTDP5KUQPGZEGUKXQUFGDGPTGVKTCTUG
2TQVGLCGNOQVQTGNHKNVTQFGCKTGNQUEQORQPGPVGUGNEVTKEQU[TGIWNCFQTGUGVEFGNCGPVTCFCFG
JWOGFCFRGLFWTCPVGNCNKORKG\CEQPXCRQT
#UGITGUGFGSWGVQFQGNOCVGTKCNKPUQPQTK\CPVGRGLGPNCECTTQEGTC[NQUUKUVGOCUFGGPVTCFC[
UCNKFCFGCKTGFGNEQORTGUQTUGJCNNCGPDWGPGUVCFQ'PECUQFGFCQTGGORNEGNQRQTOCVGTKCN
QTKIKPCNFGNHCDTKECPVGRCTCGXKVCTSWGCWOGPVGGNPKXGNFGRTGUKPFGUQPKFQ
0WPECWVKNKEGFKUQNXGPVGUEWUVKEQUSWGRWGFCPQECUKQPCTFCQCNOCVGTKCNFGNCTGFFGCKTGRGLNCU
VC\CUFGRQNKECTDQPCVQ
5GJCEGJKPECRKGPNCUUKIWKGPVGURTGECWEKQPGUFGUGIWTKFCFCNOCPGLCTGNTGHTKIGTCPVG
0WPECCURKTGNQUXCRQTGUFGNTGHTKIGTCPVG%QORTWGDGSWGGNTGCFGVTCDCLQGUVXGPVKNCFC
CFGEWCFCOGPVGWVKNKEGWPCOUECTCRTQVGEVQTCUKHWGTCPGEGUCTKQ
7UGUKGORTGIWCPVGUGURGEKCNGU'PECUQFGEQPVCEVQFGNTGHTKIGTCPVGEQPNCRKGNGPLWCIWGEQP
CDWPFCPVGCIWC'PECUQFGEQPVCEVQFGNTGHTKIGTCPVGNSWKFQEQPNCRKGNCVTCXUFGNCTQRCPQ
CTTCPSWGPKUGGZVTCKICNCRTGPFCOQLGNCTQRCCDWPFCPVGOGPVGEQPCIWCJCUVCSWGJC[C
FGUCRCTGEKFQVQFQGNTGHTKIGTCPVGCRNKSWGFGURWUNQURTKOGTQUCWZKNKQU
2PICUGUKGORTGIWCPVGURTQVGEVQTGURCTCGNKOKPCTGNTKGUIQFGNGUKQPGUECWUCFCURQTRKG\CUFG
OSWKPCUUQDTGECNGPVCFCURGLCNUCECTCEGKVG
FWTCPVGKPUVCNCEKP[2TGECWEKQPGUFGUGIWTKFCFFWTCPVGHWPEKQPCOKGPVQ
ICUKPGTVG'NVTCVCOKGPVQFGQVTQUGURGEKGUFGICUGZKIGRTGECWEKQPGUCFKEKQPCNGU
RTQRKCUFGNCCRNKECEKPSWGPQHKIWTCPGPGNVGZVQCNRKG

&GUETKREKPIGPGTCN

+PVTQFWEEKP
+PVTQFWEEKP
.QU)#C)#%[)#C)#%UQPEQORTGUQTGUFGVQTPKNNQEQPKP[GEEKPFGCEGKVGFGWPCGVCRC
[CEEKQPCFQURQTOQVQTGNEVTKEQ.QUEQORTGUQTGUGUVPTGHTKIGTCFQURQTCKTG
)#2CEM
.QU)#2CEMXCPCNQLCFQUFGPVTQFGWPCECTTQEGTCKPUQPQTK\CPVG.QUEQORTGUQTGUGUVPEQPVTQNCFQU
RQTGNTGIWNCFQT'NGMVTQPKMQPs+FG#VNCU%QREQ'NOFWNQFGEQPVTQNGNGEVTPKEQGUVKPUVCNCFQGPNC
RWGTVCRQTGNNCFQFGNCPVGTQ'NCTOCTKQGNEVTKEQFQPFGGUVGNCTTCPECFQTFGNOQVQTUGGPEWGPVTCFGVTU
FGGUVGRCPGN
8KUVCHTQPVCN)#C)#%2CEM

4GH
&GUKIPCEKP
#(
(KNVTQFGCKTG
#4
&GRUKVQFGCKTG
#8
8NXWNCFGUCNKFCFGCKTG
%C
4GHTKIGTCFQTFGCKTG
%Q
4GHTKIGTCFQTFGCEGKVG
'4
/
/QVQTFGCEEKQPCOKGPVQ
1(
(KNVTQFGCEGKVG
5
$QVPFGRCTCFCFGGOGTIGPEKC
82
6CRPFGXGPVKNCEKP
)#2CEM(WNN(GCVWTG
.QU)#2CEM(WNN(GCVWTG
((GUVPEQPVTQNCFQURQTGNTGIWNCFQT'NGMVTQPKMQPs+FG#VNCU%QREQ
#FGOUGUVPFQVCFQUFGWPUGECFQTFGCKTGKPVGITCFQGPNCECTTQEGTCKPUQPQTK\CPVG'NUGECFQTGNKOKPC
GNEQPFGPUCFQFGNCKTGEQORTKOKFQGPHTKPFQNQCEGTECFGNRWPVQFGEQPIGNCEKP[RWTICPFQ
CWVQOVKECOGPVGGNEQPFGPUCFQ

8KUVCHTQPVCN)#C)#%2CEM(WNN(GCVWTG
4GH
&GUKIPCEKP
#(
(KNVTQFGCKTG
#4
&GRUKVQFGCKTG
#8
%C
4GHTKIGTCFQTFGCKTG
%Q
4GHTKIGTCFQTFGCEGKVG
&4
5GECFQT
'4
/
1(
(KNVTQFGCEGKVG
5
82
6CRPFGXGPVKNCEKP

)#9QTMRNCEG
.QU)#9QTMRNCEGGUVPCNQLCFQUFGPVTQFGWPCECTTQEGTCKPUQPQTK\CPVG.QUEQORTGUQTGUGUVP
EQPVTQNCFQURQTGNTGIWNCFQT'NGMVTQPKMQPs++FG#VNCU%QREQ'NOFWNQFGEQPVTQNGNGEVTPKEQGUV
KPUVCNCFQGPNCRWGTVCRQTGNNCFQFGNCPVGTQ'NCTOCTKQGNEVTKEQFQPFGGUVGNCTTCPECFQTFGNOQVQTUG
GPEWGPVTCFGVTUFGGUVGRCPGN8CKPENWKFQVCODKPWPEQNGEVQTFGEQPFGPUCFQEQPUKUVGOCFGFTGPCLG
CWVQOVKEQ
8KUVCHTQPVCN)#C)#%9QTMRNCEG
#8
'4
5
)#9QTMRNCEG(WNN(GCVWTG
.QU)#9QTMRNCEG(WNN(GCVWTG
((GUVPEQPVTQNCFQURQTGNTGIWNCFQT'NGMVTQPKMQPs++FG#VNCU%QREQ
#FGOUUGRTQRQTEKQPCPEQPWPUGECFQTFGCKTG'NEQPFGPUCFQUGFTGPCCWVQOVKECOGPVG
.QUEQORTGUQTGU)#C)#%9QTMRNCEG((GUVPFQVCFQUFGWPUGECFQT+(&

8KUVCHTQPVCN)#C)#%9QTMRNCEG(WNN(GCVWTG
4GH
&GUKIPCEKP
#8
&4
5GECFQT
'4
5


(NWLQFGCKTG
&KCITCOCUFGHNWLQ
)#C)#%
)#C)#%(WNN(GCVWTG
UGECFQT+(&

4GHGTGPEKCU
4GH
&GUETKREKP
'PVTCFCFGCKTG
#KTGEQORTKOKFQCEGKVG
#KTGEQORTKOKFQ
&
#EGKVG
'
#KTGUGEQ
)#C)#%
'NCKTGCURKTCFQRQTGNHKNVTQ
#([NCXNXWNCFGGPVTCFCCDKGTVC
+8GPGNGNGOGPVQEQORTGUQT
'UG
EQORTKOG'NCKTGEQORTKOKFQ[GNCEGKVGRCUCPCNFGRUKVQFGCKTGUGRCTCFQTFGCEGKVG
#4'NCKTGUG
FGUECTICCVTCXUFGNCXNXWNCFGUCNKFC
#8OGFKCPVGNCXNXWNCFGRTGUKPOPKOC
8R[GN
TGHTKIGTCFQTFGCKTG
%C
'PNQUEQORTGUQTGU(WNN(GCVWTGGNCKTGRCUCCVTCXUFGNUGECFQTFGCKTG
&4CPVGUFGFGUECTICTUGC
VTCXUFGNCXNXWNCFGUCNKFC
#8

5KUVGOCFGCEGKVG
&KCITCOCFGHNWLQ
5KUVGOCFGCEGKVGFG)#C)#%

4GHGTGPEKCU
&GUETKREKP
2CTCWPKFCFGU2CEM9QTMRNCEGHNWLQFGCKTGEQORTKOKFQCNCXNXWNCFGUCNKFCFGCKTG
2CTCWPKFCFGU(WNN(GCVWTGHNWLQFGCKTGEQORTKOKFQCNUGECFQTFGCKTG
'PVTCFCFGCKTG
#KTGEQORTKOKFQ
&
#EGKVG
)#C)#%
'PGNFGRUKVQFGCKTG
#4NCOC[QTRCTVGFGNCEGKVGUGUGRCTCFGNCOG\ENCFGCKTGCEGKVGFGHQTOC
EGPVTHWIC'NTGUVQNQTGVKTCGNUGRCTCFQTFGCEGKVG
15'NCEGKVGUGTGEQIGGPGNHQPFQFGNFGRUKVQFG
CKTGUGRCTCFQTFGCEGKVG
#4SWGUKTXGFGVCPSWGFGCEGKVG
'NCKTGCRTGUKPHWGT\CGNCEGKVGFGUFGGNFGRUKVQ
#4CVTCXUFGNTGHTKIGTCFQT
%Q[HKNVTQ
1(CN
GNGOGPVQEQORTGUQT
'[NQURWPVQUFGNWDTKECEKP
'NUKUVGOCCDCTECWPCXNXWNCFGFGTKXCEKP
$8%WCPFQGNCEGKVGGUVECNKGPVGNCXNXWNCRGTOKVGSWG
VQFQGNCEGKVGRCUGRQTGNTGHTKIGTCFQT

5KUVGOCFGTGHTKIGTCEKP
&KCITCOCFGHNWLQ
5KUVGOCFGTGHTKIGTCEKP)#C)#%

4GHGTGPEKCU
&GUETKREKP
'PVTCFCFGCKTG
#KTGEQORTKOKFQ
&
#EGKVG
)#C)#%
'NUKUVGOCFGTGHTKIGTCEKPXKGPGFQVCFQFGWPTGHTKIGTCFQTFGCKTG
%C[QVTQFGCEGKVG
%Q
'PEQORTGUQTGUTGHTKIGTCFQURQTCKTGGNHNWLQFGNCKTGFGTGHTKIGTCEKPNQIGPGTCWPXGPVKNCFQT
(0

5KUVGOCFGEQPFGPUCFQ
2WPVQUFGFTGPCLGFGEQPFGPUCFQ)#C)#%
2WPVQUFGFTGPCLGFGEQPFGPUCFQ)#C)#%
'NEQNGEVQTFGEQPFGPUCFQGUQREKQPCNGPNCUXGTUKQPGU)#C)#%2CEM
.CUXGTUKQPGU)#2CEM(WNN(GCVWTG9QTMRNCEG9QTMRNCEG(WNN(GCVWTG[)#2CEMEQP95&QREKQPCN
GUVPGSWKRCFCUEQPWPEQNGEVQTFGEQPFGPUCFQGPGNUKUVGOCFGUCNKFCFGCKTG&KEJQEQNGEVQTXC
RTQXKUVQFGWPCXNXWNCRCTCFTGPCLGCWVQOVKEQFWTCPVGGNHWPEKQPCOKGPVQ
&C[WPCXNXWNCCEEKQPCFC
COCPQRCTCFTGPCLGFGURWUFGWPCRCTCFCFGNEQORTGUQT
&O


5KUVGOCFGTGIWNCEKP
&KCITCOCFGHNWLQ
5KUVGOCFGTGIWNCEKPFG)#C)#%
4GHGTGPEKCU
&GUETKREKP
&GRUKVQFGCKTG
#NTGHTKIGTCFQTFGCKTG
#NFGUFGGNTGHTKIGTCFQTFGCEGKVG
&GUECTIC
5KGNEQPUWOQFGCKTGGUKPHGTKQTCNUWOKPKUVTQFGNEQORTGUQTNCRTGUKPFGNCTGFCWOGPVCT%WCPFQNC
RTGUKPFGNCTGFCNECPEGNCFGFGUECTICUGFGUGPGTIK\CNCXNXWNCFGUQNGPQKFG
;'NODQNQFGNC
XNXWNCTGVQTPCCKORWNUQFGWPOWGNNG
.CRTGUKPFGEQPVTQNSWGUGJCNNCRTGUGPVGGPNCUEOCTCUFGNODQNQFGECTIC
.2[NCXNXWNCFG
FGUECTIC
78UGFGUCJQICCNCCVOUHGTCCVTCXUFGNCXNXWNCFGUQNGPQKFG
;
'NODQNQFGECTIC
.2UGOWGXGJCEKCCTTKDC[JCEGSWGNCXNXWNCFGGPVTCFC
+8EKGTTGNCCDGTVWTC
FGGPVTCFCFGNCKTG
.CXNXWNCFGFGUECTIC
78NCCDTGNCRTGUKPFGNFGRUKVQ&KEJCRTGUKPFGNFGRUKVQFGCKTG

GUECRCJCEKCGNFGUECTICFQT
7#
'NUWOKPKUVTQFGCKTGUGFKUEQPVKPC
GNEQORTGUQTOCTEJCGPFGUECTIC
%CTIC
%WCPFQNCRTGUKPFGNCTGFDCLGCNCFGECTICUGGPGTIK\CNCXNXWNCFGUQNGPQKFG
;'NODQNQFGNC
OKUOC
;UGOWGXGJCEKCCTTKDCEQPVTCNCHWGT\CFGNOWGNNG
.CRTGUKPFGEQPVTQNUGFKUVTKDW[GFGUFGGNFGRUKVQFGCKTG
OGFKCPVGFGNCXNXWNCFGUQNGPQKFG
;CNODQNQFGECTIC
.2[NCXNXWNCFGFGUECTIC
78
.CXNXWNCFGFGUECTIC
78EKGTTCNCCDGTVWTCFGGZRWNUKPFGCKTG'NODQNQFGECTIC
.2UGOWGXG
JCEKCCDCLQ[JCEGSWGUGCDTCRQTEQORNGVQNCXNXWNCFGGPVTCFC
+8
5GTGCPWFCGNUWOKPKUVTQFGCKTG
GNEQORTGUQTOCTEJCGPECTIC


5KUVGOCGNEVTKEQ
)GPGTCNKFCFGU
%QPUWNVGVCODKPNCUUGEEKQPGU&KCITCOCUGNEVTKEQU[%QPGZKQPGUGNEVTKECU
)#C)#%
'NUKUVGOCGNEVTKEQEQPUVCFGNQUEQORQPGPVGUUKIWKGPVGU
%WDEWNQGNEVTKEQGP)#C)#%GLGORNQVRKEQ
4GHGTGPEKC
&GUKIPCEKP
(
(WUKDNGU
(
(WUKDNGU
((
(WUKDNGU
UNQGP(WNN(GCVWTGEQP+(&
(
4GNFGUQDTGECTICOQVQTFGNEQORTGUQT
3
&KU[WPVQTOQVQTFGXGPVKNCFQT
EQORTGUQTGUTGHTKIGTCFQURQTCKTG
-
%QPVCEVQTCWZKNKCTRCTCUGECFQT
UNQGP(WNN(GCVWTGEQP+(&
-
%QPVCEVQTFGNPGC
-
%QPVCEVQTFGGUVTGNNC
-
%QPVCEVQTFGVTKPIWNQ
-
4GNFGUGEWGPEKCFGHCUGU
6
6TCPUHQTOCFQT
:
4GINGVCFGDQTPGU
UWOKPKUVTQFGVGPUKP
::
%QPGEVQTGU
2'
$QTPGFGRWGUVCCVKGTTC


&KCITCOCUGNEVTKEQU
&KCITCOCFG'NGMVTQPKMQP+
&KCITCOCFGUGTXKEKQFG)#C)#%EQP'NGMVTQPKMQP+[CTTCPECFQTGUVTGNNCVTKPIWNQ

4GHGTGPEKC
&GUKIPCEKP
+PUVCNCEKPFGNENKGPVG
1REKP
1REKPUGECFQTOQPQHUKEQQVTKHUKEQ
6QFQUNQUXQNVCLGU
[*\EQPGZEGREKPFG8*\
8*\
%QPGZKPGPGUVTGNNCVQFQUNQUFGOUXQNVCLGU
%QPGZKPGPVTKPIWNQ8*\
#TTCPSWGRCTCFCCFKUVCPEKC
5QDTGECTICOQVQT

2CTCFCFGGOGTIGPEKC

2CTCFCFGGOGTIGPEKCCFKUVCPEKC

1REKPFGFKURQUKVKXQGNGEVTPKEQFGFTGPCLGFGCIWC
'9&
&GUKIPCEKQPGURCTCEQORTGUQTGU'NGMVTQPKMQP+
4GHGTGPEKC
5GPUQTGUXNXWNCUFGUQNGPQKFGFKURQUKVKXQFGFTGPCLGGNGEVTPKEQ
26
5GPUQTFGRTGUKPUCNKFCFGCKTG
66
5GPUQTFGVGORGTCVWTCUCNKFCFGNGNGOGPVQ
66
5GPUQTFGVGORGTCVWTCRWPVQFGTQEQ
(WNN(GCVWTG
;
8NXWNCFGUQNGPQKFGFGECTIC
4GHGTGPEKC
/QVQTGU
/
/
/QVQTFGNXGPVKNCFQT
4GHGTGPEKC
#TOCTKQGNEVTKEQ)#C)#%
((
(WUKDNGU
(
4GNFGUQDTGECTICOQVQTFGCEEKQPCOKGPVQ
-
%QPVCEVQTFGNPGC
-
%QPVCEVQTFGGUVTGNNC
-
%QPVCEVQTFGVTKPIWNQ
3
-
6
6TCPUHQTOCFQT
::
4GINGVCUFGDQTPGU
::
%QPGEVQTGU
4GHGTGPEKC
/FWNQFGEQPVTQN
$QVPFGCTTCPSWG
-
4GNFGDNQSWGQ
-
4GNCWZKNKCTEQPVCEVQTFGGUVTGNNC
-
4GNCWZKNKCTEQPVCEVQTFGVTKPIWNQ
-
4GNCWZKNKCTECTICFGUECTIC
-
4GNCWZKNKCTUGECFQT
-
4GNCWZKNKCTRCTCFCFGCNCTOC
$QVPFGRCTCFC
5
4GHGTGPEKC
'SWKRQQREKQPCNRCTC)#C)#%
#
5GECFQT
(WNN(GCVWTG
$
&KURQUKVKXQGNGEVTPKEQFGFTGPCLGFGCIWC
'9&
4-
2TQVGEEKPFGVGTOKUVQTFGOQVQTFGCEEKQPCOKGPVQRCTCFCFGCNCTOC
4-
2TQVGEEKPFGVGTOKUVQTFGOQVQTFGCEEKQPCOKGPVQCXKUQ

4GHGTGPEKC
4444
%CNGPVCFQTGURTQVGEEKPEQPVTCEQPIGNCEKP
4
%CNGPVCFQTGUCPVKEQPFGPUCEKP
5
+PVGTTWRVQTUGRCTCFQTRTKPEKRCNFGGPGTICGNEVTKEC
65..
6GTOQUVCVQRTQVGEEKPEQPVTCEQPIGNCEKPFGEWDEWNQ
;
8NXWNCFGUQNGPQKFG
&KCITCOCFG'NGMVTQPKMQP++
&KCITCOCFGUGTXKEKQFG)#C)#%EQP'NGMVTQPKMQP++[CTTCPECFQTGUVTGNNCVTKPIWNQ

4GHGTGPEKC
&GUKIPCEKP
1REKP
6QFQUNQUXQNVCLGUEQPGZEGREKPFG8*\
8*\
2CTCFCFGGOGTIGPEKC
#TTCPSWGRCTCFCCFKUVCPEKC
4GHGTGPEKC
&GUKIPCEKP

%CTICFGUECTICTGOQVC

&GVGEEKPRTGUKPTGOQVC

%QPVCEVQCWZKNKCT-

2FGNVCFGHKNVTQ&&

5GNGEEKPFGDCPFCFGRTGUKPCFKUVCPEKC

1REKP'5

2CTCFCFGGOGTIGPEKCCFKUVCPEKC

%QPVCEVQUCWZKNKCTGU
&GUKIPCEKQPGURCTC'NGMVTQPKMQP
4GHGTGPEKC
5GPUQTGUXNXWNCUFGUQNGPQKFGFKURQUKVKXQFGFTGPCLGGNGEVTPKEQ
26
5GPUQTFGRTGUKPUCNKFCFGCKTG
66
5GPUQTFGVGORGTCVWTCUCNKFCFGNGNGOGPVQ
66
5GPUQTFGVGORGTCVWTCRWPVQFGTQEQ
(WNN(GCVWTGEQP+(&
;
8NXWNCFGUQNGPQKFGFGECTIC
4GHGTGPEKC
/QVQTGU
/
/
/QVQTFGNXGPVKNCFQT
4GHGTGPEKC
#TOCTKQGNEVTKEQRCTC)#C)#%
(
(WUKDNGU
(
4GNFGUQDTGECTICOQVQTFGCEEKQPCOKGPVQ
-
%QPVCEVQTFGNPGC
-
%QPVCEVQTFGGUVTGNNC
-
%QPVCEVQTFGVTKPIWNQ
-
3
6
6TCPUHQTOCFQTGU
::
4GINGVCUFGDQTPGU
:
%QPGEVQTGU
4GHGTGPEKC
/FWNQFGEQPVTQN
$QVPFGCTTCPSWG
-
4GNFGDNQSWGQ
-
4GNCWZKNKCTEQPVCEVQTFGGUVTGNNC
-
4GNCWZKNKCTEQPVCEVQTFGVTKPIWNQ
-
-
4GNCWZKNKCTCNVCDCLCRTGUKPFGCKTG
-
4GNCWZKNKCTUGECFQT


4GHGTGPEKC
/FWNQFGEQPVTQN
-
4GNCWZKNKCTHWPEKQPCOKGPVQOCPWCNCWVQOVKEQ
-
4GNCWZKNKCTCXKUQ
-
4GNCWZKNKCTRCTCFCFGCNCTOC
$QVPFGRCTCFC
5
4GHGTGPEKC
#
5GECFQT
(WNN(GCVWTG
#+'
/FWNQFGGZRCPUKPGPVTCFCCPCNIKEC
$
&KURQUKVKXQGNGEVTPKEQFGFTGPCLGFGCIWC
'9&
-
QREKP'5
-
%QPVCEVQTCWZKNKCTEQORTGUQTGPOCTEJC
QREKP'5
2&5
+PVGTTWRVQT&2RCTCHKNVTQ&&
4-
2TQVGEEKPFGVGTOKUVQTFGOQVQTFGCEEKQPCOKGPVQRCTCFCFGCNCTOC
4-
2TQVGEEKPFGVGTOKUVQTFGOQVQTFGCEEKQPCOKGPVQCXKUQ
4444
%CNGPVCFQTGURTQVGEEKPEQPVTCEQPIGNCEKP
4
%CNGPVCFQTGUCPVKEQPFGPUCEKP
5
+PVGTTWRVQTUGRCTCFQTRTKPEKRCNFGGPGTICGNEVTKEC
6
6TCPUHQTOCFQTUGECFQT
65..
6GTOQUVCVQRTQVGEEKPEQPVTCEQPIGNCEKPFGEWDEWNQ
66
5GPUQTGUFGVGORGTCVWTCTGEWRGTCEKPFGGPGTIC
;
8NXWNCFGUQNGPQKFG
5GECFQTFGCKTG+(&
&KCITCOCFGHNWLQ
5GECFQTFGCKTG)#JCUVC)#%

4GHGTGPEKC
&GUKIPCEKP
)CUTGHTKIGTCPVG
.SWKFQTGHTKIGTCPVG
%QPFGPUCFQ
#+
'PVTCFCFGCKTG
#1
5CNKFCFGCKTG
+PVGTECODKCFQTFGECNQTCKTGCKTG
+PVGTECODKCFQTFGECNQTGXCRQTCFQTCKTGTGHTKIGTCPVG
5GRCTCFQTFGEQPFGPUCFQ
5CNKFCFGEQPFGPUCFQ
%QORTGUQTFGTGHTKIGTCPVG
%QPFGPUCFQTFGTGHTKIGTCPVG
5GECFQTHKNVTQFGTGHTKIGTCPVGNSWKFQ
6WDQECRKNCT
8NXWNCFGFGTKXCEKPFGICUECNKGPVG

8GPVKNCFQTFGTGHTKIGTCEKPFGEQPFGPUCFQT

2TGUQUVCVQEQPVTQNFGNXGPVKNCFQT
%KTEWKVQFGCKTGEQORTKOKFQ
'NCKTGEQORTKOKFQGPVTCGPGNKPVGTECODKCFQTFGECNQT
[UGGPHTCOGFKCPVGGNCKTGUGECFQ[HTQSWG
UCNG'NCIWCFGNCKTGSWGGPVTCGORKG\CCEQPFGPUCTUG.WGIQGNCKTGHNW[GCVTCXUFGNKPVGTECODKCFQT
FGECNQTGXCRQTCFQT
FQPFGGNTGHTKIGTCPVGUGGXCRQTCJCEKGPFQSWGGNCKTGEQPVKPGGPHTKPFQUG
JCUVCCEGTECTUGCNCVGORGTCVWTCFGGXCRQTCEKPFGNTGHTKIGTCPVG5GEQPFGPUCOUCIWCGPGNCKTG'N
CKTGHTQRCUCGPUGIWKFCCVTCXUFGNUGRCTCFQT
FQPFGVQFQGNEQPFGPUCFQUGUGRCTCFGNCKTG'N
EQPFGPUCFQUGRWTICCWVQOVKECOGPVGCVTCXUFGNCUCNKFC

'NCKTGUGECFQ[HTQRCUCCVTCXUFGNKPVGTECODKCFQTFGECNQT
FQPFGUGECNKGPVCOGFKCPVGGNCKTGSWG
GPVTC
%KTEWKVQFGTGHTKIGTCPVG
'NEQORTGUQT
FGUECTICICUTGHTKIGTCPVGECNKGPVGCCNVCRTGUKPSWGHNW[GCVTCXUFGNEQPFGPUCFQT

FQPFGUGEQPFGPUCNCOC[QTRCTVGFGNTGHTKIGTCPVG
'NNSWKFQRCUCCVTCXUFGNUGECFQTHKNVTQFGTGHTKIGTCPVGNSWKFQ
CNVWDQECRKNCT
'NTGHTKIGTCPVGUCNG
FGNVWDQECRKNCTCRTGUKPFGGXCRQTCEKP
'NTGHTKIGTCPVGGPVTCGPGNGXCRQTCFQT
FQPFGSWKVCECNQTCNCKTGEQORTKOKFQOGFKCPVGWPCPWGXC
GXCRQTCEKPCRTGUKPEQPUVCPVG'NTGHTKIGTCPVGECNGPVCFQUCNGFGNGXCRQTCFQT[GUCURKTCFQRQTGN
EQORTGUQT

.CXNXWNCFGFGTKXCEKP
TGIWNCGNHNWLQFGTGHTKIGTCPVG'NXGPVKNCFQT
NQEQPGEVCQFGUEQPGEVCGN
KPVGTTWRVQT
UGIPGNITCFQFGECTICFGNEKTEWKVQFGTGHTKIGTCPVG
2CTC)#C)#%CFGOUGNOQVQTFGNEQORTGUQTKPEQTRQTCWPCRTQVGEEKPVTOKEC5KUGRCTCGN
OQVQTFGNEQORTGUQTFGURWUFGFKURCTCTNCRTQVGEEKPVTOKECRWGFGSWGRCUGPJCUVCJQTCUCPVGUFG
SWGUGJC[CPGPHTKCFQNQUFGXCPCFQUFGNOQVQT


2CPGNFGEQPVTQN
+PVTQFWEEKP
'PIGPGTCNGNTGIWNCFQT'NGMVTQPKMQPGLGEWVCNCUUKIWKGPVGUHWPEKQPGU
%QPVTQNCTGNEQORTGUQT
2TQVGIGTGNEQORTGUQT
/QPKVQTK\CTNQUEQORQPGPVGUUWLGVQUCUGTXKEKQ
#TTCPSWGCWVQOVKEQFGURWUFGKPVGTTWREKPFGNXQNVCLG
JGEJQKPCEVKXQ
%QPVTQNCWVQOVKEQFGNEQORTGUQT
'NTGIWNCFQTOCPVKGPGNCRTGUKPFGNCTGFGPVTGNQUNOKVGURTQITCOCDNGUECTICPFQ[FGUECTICPFQGN
EQORTGUQTCWVQOVKECOGPVG5GVKGPGGPEWGPVCWPPOGTQFGCLWUVGURTQITCOCDNGURGLNCURTGUKQPGU
FGFGUECTIC[ECTICGNVKGORQOPKOQFGRCTCFC[GNPOGTQOZKOQFGCTTCPSWGUFGNOQVQT
'NTGIWNCFQTRCTCGNEQORTGUQTECFCXG\SWGUGCRQUKDNGEQPQDLGVQFGTGFWEKTGNEQPUWOQFGGPGTIC[
XWGNXGCCTTCPECTNQCWVQOVKECOGPVGEWCPFQDCLGNCRTGUKPFGNCTGF
2TQVGIGTGNEQORTGUQT
2CTCFCFGCNCTOC
5KNCVGORGTCVWTCFGUCNKFCFGNGNGOGPVQEQORTGUQTGZEGFGGNPKXGNFGRCTCFCFGCNCTOCRTQITCOCFQUG
RCTCTGNEQORTGUQT'UVQUGKPFKECGPGNFKURNC[
'NEQORTGUQTUGRCTCTVCODKPGPECUQFG
UQDTGECTICFGNOQVQTFGCEEKQPCOKGPVQ
.QUEQORTGUQTGUTGHTKIGTCFQURQTCKTGVCODKPUGFGVGPFTPGPECUQFGUQDTGECTICFGNOQVQTFGN
XGPVKNCFQT
#PVGUFGUQNWEKQPCTEQPUWNVGNCU2TGECWEKQPGUFGUGIWTKFCF
#XKUQFGRCTCFCFGCNCTOC
7PPKXGNFGCXKUQFGRCTCFCFGCNCTOCGUWPPKXGNRTQITCOCDNGDCLQGNPKXGNFGRCTCFCFGCNCTOC
5KCNIWPCFGNCUOGFKFCUGZEGFGGNPKXGNFGCXKUQFGRCTCFCFGCNCTOCRTQITCOCFQUGKPFKECTGUVQ
VCODKPEQPQDLGVQFGCXKUCTCNQRGTCFQTCPVGUFGSWGUGNNGIWGCFKEJQPKXGNFGRCTCFCFGCNCTOC

#XKUQFGUGTXKEKQ
5KGNVGORQTK\CFQTFGUGTXKEKQGZEGFGWPXCNQTRTQITCOCFQUGKPFKECTGUVQGPGNFKURNC[
EQPQDLGVQ
FGCXKUCTCNQRGTCFQTSWGNNGXGCECDQEKGTVCUCEEKQPGUFGUGTXKEKQ
4GCTTCPSWGCWVQOVKEQFGURWUFGKPVGTTWREKPFGNXQNVCLG
'NTGIWNCFQTKPEQTRQTCWPCHWPEKPFGCTTCPSWGCWVQOVKEQFGNEQORTGUQTCNTGUVCDNGEGTUGGNXQNVCLG
FGURWUFGWPCKPVGTTWREKPGNEVTKEC&KEJCHWPEKPGUVFGUCEVKXCFCGPNQUEQORTGUQTGUSWGUCNGPFG
NCHDTKEC0QQDUVCPVGGURQUKDNGCEVKXCTNCUKCUUGFGUGC%QPUWNVGC#VNCU%QREQ
5KUGJCCEVKXCFQNCHWPEKP[CEQPFKEKPFGSWGGNOFWNQUGGPEQPVTCTCGPGN
OQFQFGHWPEKQPCOKGPVQCWVQOVKEQGNEQORTGUQTXQNXGTCCTTCPECT
CWVQOVKECOGPVGUKUGTGUVCDNGEGGNXQNVCLGFGUWOKPKUVTQCNOFWNQ

2CPGNFGEQPVTQN
4GH
&GUKIPCEKP
(WPEKP
5
2WNUCFQTRCTCRCTCTGNEQORTGUQTCN
KPUVCPVGGPECUQFGGOGTIGPEKC
&GURWUFGUQNWEKQPCTNCCXGTCVKTGFGN
DQVPRCTCFGUDNQSWGCTNQ[RWNUGNCVGENC
FGTGCTOG

$QVPFGRCTCFC
2WNUCFQTRCTCRCTCTGNEQORTGUQT5G
CRCICGN.'&
'NEQORTGUQTUG
RCTCTFGURWUFGHWPEKQPCTGPFGUECTIC
WPQUUGIWPFQU
$QVPFGCTTCPSWG
2WNUCFQTRCTCCTTCPECTGNEQORTGUQT'N
.'&
UGGPEKGPFGNQSWGKPFKECSWG
GNTGIWNCFQTGUVQRGTCVKXQ
GP
HWPEKQPCOKGPVQCWVQOVKEQ
&KURNC[
+PFKECGNGUVCFQFGHWPEKQPCOKGPVQFGN
EQORTGUQTNQUXCNQTGUCEVWCNOGPVG
OGFKFQU[NQURCTOGVTQURTQITCOCFQU
6GENCFGTGCTOG
6GENCRCTCTGCTOCTGNVGORQTK\CFQTFG
UGTXKEKQWPCEQPFKEKPFGRCTCFCFG
CNCTOCGVE

4GH
&GUKIPCEKP
(WPEKP
6GENCFGGPVTCFC
6GENCRCTCUGNGEEKQPCTQXCNKFCTWP
RCTOGVTQCDTKTWPUWDFKURNC[QXQNXGTC
WPFKURNC[CPVGTKQT
.'&FGXQNVCLGEQPGEVCFQ
+PFKECSWGGUVEQPGEVCFQGNXQNVCLG
2KEVQITCOC
8QNVCLGEQPGEVCFQ
.'&FGCNCTOCIGPGTCN
'UVGPEGPFKFQUKGZKUVGWPCEQPFKEKP
FGCXKUQ
.'&FGCNCTOCIGPGTCN
2CTRCFGCGPECUQFGWPCEQPFKEKPFG
RCTCFCFGCNCTOCQRCTCFCFG
GOGTIGPEKC
2KEVQITCOC
#NCTOC

.'&FGHWPEKQPCOKGPVQCWVQOVKEQ
+PFKECSWGGNTGIWNCFQTEQPVTQNCGN
EQORTGUQTCWVQOVKECOGPVGGN
EQORTGUQTUGECTICFGUECTICRCTC[
XWGNXGCCTTCPECTUGIPGNEQPUWOQFG
CKTG[NCUNKOKVCEKQPGURTQITCOCFCUGPGN
TGIWNCFQT

2KEVQITCOC
(WPEKQPCOKGPVQCWVQOVKEQ

6GENCFGFGURNC\COKGPVQJCEKCCDCLQ
6GENCRCTCFGURNC\CTUGJCEKCCDCLQRQT
NCURCPVCNNCUQRCTCFKUOKPWKTWPCLWUVG

6GENCFGFGURNC\COKGPVQJCEKCCTTKDC
6GENCRCTCFGURNC\CTUGJCEKCCTTKDCRQT
NCURCPVCNNCUQRCTCCWOGPVCTWPCLWUVG

&KURNC[
&GUETKREKP
0QTOCNOGPVGGNFKURNC[
OWGUVTCNQUKIWKGPVG
'NGUVCFQFGHWPEKQPCOKGPVQFGNEQORTGUQTRQTOGFKQFGRKEVQITCOCU
.CRTGUKPFGUCNKFCFGNCKTG
.CVGORGTCVWTCCEVWCNGPNCUCNKFCFGNGNGOGPVQEQORTGUQT
.CVGORGTCVWTCCEVWCNFGNRWPVQFGTQEQFGEQORTGUQTGU(WNN(GCVWTG
'NFKURNC[KPFKECVCODKPVQFQUNQURCTOGVTQUOGFKFQU[RTQITCOCFQUXCUGNCUGEEKP&GURNC\CTUG
RQTVQFCUNCURCPVCNNCU


2KEVQITCOCUWVKNK\CFQUGPNCRCPVCNNC
2KEVQITCOCU
2KEVQITCOC
&GUETKREKP
'UVCFQFGEQORTGUQT%#4)#
FWTCPVGOCTEJCGPECTICRCTRCFGCNCHNGEJC
JQTK\QPVCN
'UVCFQFGEQORTGUQT&'5%#4)#
*QTCUFGHWPEKQPCOKGPVQ
6GORGTCVWTCFGUCNKFCFGNGNGOGPVQ
6GORGTCVWTCFGNRWPVQFGTQEQ
/QVQTQUQDTGECTICFGOQVQT

2CPVCNNCRTKPEKRCN
2TQEGFKOKGPVQ
%WCPFQUGEQPGEVGGNXQNVCLGUGOWGUVTCCWVQOVKECOGPVGNC2CPVCNNCRTKPEKRCNOWGUVTCGPDTGXGNC
UKVWCEKPFGHWPEKQPCOKGPVQFGNEQORTGUQT[NCRTGUKPFGUCNKFC
2CPVCNNCRTKPEKRCNGLGORNQVRKEQ
DCT

.CRCPVCNNCKPFKECSWGOCTEJCGNEQORTGUQTGPECTIC
RCTRCFGCNCHNGEJCJQTK\QPVCN[SWGNCRTGUKPFG
UCNKFCGUFGDCT
G
5KGORTGEQPUWNVGC#VNCU%QREQUKCRCTGEGV
QVGUV
GPGNFKURNC[
%QPUWNVGVCODKPNCUGEEKP&GURNC\CTUGRQTVQFCUNCURCPVCNNCU


&GUETKREKP
#RCTGEGTWPCPQVKEKCFGCXKUQFGRCTCFCFGCNCTOCGPECUQFG
WPCVGORGTCVWTCFGOCUKCFQCNVCGPNCUCNKFCFGNGNGOGPVQEQORTGUQT
WPCVGORGTCVWTCFGOCUKCFQCNVCFGNRWPVQFGTQEQRCTCEQORTGUQTGU(WNN(GCVWTG
6GORGTCVWTCFGUCNKFCFGNGNGOGPVQEQORTGUQT
5KGZEGFGNCVGORGTCVWTCFGUCNKFCFGNGNGOGPVQEQORTGUQTGNPKXGNFGCXKUQFGRCTCFCFGCNCTOC
u%u(PQRTQITCOCDNGUGGPEGPFGTGN.'&FGCNCTOC
[RCTRCFGCTGNRKEVQITCOC
EQTTGURQPFKGPVG
2CPVCNNCFGCXKUQVGORGTCVWTCFGUCNKFCFGGNGOGPVQ
RCTRCFGCPFQ
DCT

2WNUGNCVGENCEQPHNGEJC
CRCTGEGT

TGIKUVTQ
CRCTGEGNCVGORGTCVWTCCEVWCNFGNGNGOGPVQEQORTGUQT
RCTRCFGCPFQ
u%

.CRCPVCNNCOWGUVTCSWGNCVGORGTCVWTCGPNCUCNKFCFGNGNGOGPVQEQORTGUQTGUu%
3WGFCRQUKDNGFGURNC\CTUGRQTQVTCURCPVCNNCU
EQPC[WFCFGNCUVGENCU[RCTCEQORTQDCTGN
GUVCFQCEVWCNFGQVTQURCTOGVTQU
2WNUGGNDQVP
RCTCRCTCTGNEQORTGUQT[GURGTGJCUVCSWGJC[CRCTCFQGHGEVKXCOGPVG
&GUEQPGEVGGNXQNVCLGTGXKUGGNEQORTGUQT[JCICNCUIGUVKQPGUPGEGUCTKCU
&GUCRCTGEGTNCPQVKEKCFGCXKUQVCPRTQPVQEQOQFGUCRCTG\ECNCEQPFKEKPFGCXKUQ

2CTCEQORTGUQTGUEQPUGECFQTKPVGITCFQ
5KGZEGFGNCVGORGTCVWTCFGNRWPVQFGTQEQGNPKXGNFGCXKUQFGRCTCFCFGCNCTOC
RTQITCOCDNGUG
GPEGPFGTGN.'&FGCNCTOC
[RCTRCFGCTGNRKEVQITCOCEQTTGURQPFKGPVG
2CPVCNNCFGCXKUQVGORGTCVWTCFGRWPVQFGTQEQ
RCTRCFGCPFQ
DCT

CRCTGEGT

TGIKUVTQ
CRCTGEGNCVGORGTCVWTCCEVWCNFGNRWPVQFGTQEQ
RCTRCFGCPFQ
u%

.CRCPVCNNCOWGUVTCSWGNCVGORGTCVWTCFGNRWPVQFGTQEQGUu%
3WGFCRQUKDNGFGURNC\CTUGRQTQVTCURCPVCNNCU
EQPC[WFCFGNCUVGENCU[RCTCEQORTQDCTGN
GUVCFQCEVWCNFGQVTQURCTOGVTQU
2WNUGGNDQVP
RCTCRCTCTGNEQORTGUQT[GURGTGJCUVCSWGJC[CRCTCFQGHGEVKXCOGPVG
&GUEQPGEVGGNXQNVCLGTGXKUGGNEQORTGUQT[JCICNCUIGUVKQPGUPGEGUCTKCU
&GUCRCTGEGTNCPQVKEKCFGCXKUQVCPRTQPVQEQOQFGUCRCTG\ECNCEQPFKEKPFGCXKUQ

2CTCFCFGCNCTOC
&GUETKREKP
'NEQORTGUQTUGRCTCTGPECUQFG
WPCVGORGTCVWTCGPNCUCNKFCFGNGNGOGPVQEQORTGUQTSWGGZEGFGGNPKXGNFGRCTCFCFGCNCTOC
WPGTTQTFGNUGPUQTFGNCRTGUKPFGUCNKFC
UQDTGECTICFGNOQVQTFGCEEKQPCOKGPVQ
UQDTGECVICFGNOQVQTFGNXGPVKNCFQTGPEQORTGUQTGUTGHKIGTCFQURQTCKTG

6GORGTCVWTCFGUCNKFCFGNGNGOGPVQEQORTGUQT
5KGZEGFGNCVGORGTCVWTCFGUCNKFCFGNGNGOGPVQEQORTGUQTGNPKXGNFGRCTCFCFGCNCTOC
u%
u(PQRTQITCOCDNGUGRCTCTGNEQORTGUQTRCTRCFGCTGN.'&FGCNCTOC
UGCRCICTGN.'&FG
HWPEKQPCOKGPVQCWVQOVKEQ
[CRCTGEGTNCRCPVCNNCUKIWKGPVG
2CPVCNNCFGRCTCFCFGCNCTOCVGORGTCVWTCFGUCNKFCFGGNGOGPVQ
RCTRCFGCPFQ
2WNUGNCVGENCFGGPVTCFC
CRCTGEGT

TGIKUVTQ
CRCTGEGNCVGORGTCVWTCCEVWCNFGNGNGOGPVQEQORTGUQT
2CPVCNNCFGRCTCFCFGCNCTOCVGORGTCVWTCFGUCNKFCFGGNGOGPVQ
RCTRCFGCPFQ
u%

.CRCPVCNNCOWGUVTCSWGNCVGORGTCVWTCGPNCUCNKFCFGNGNGOGPVQEQORTGUQTGUu%
&GUEQPGEVGGNXQNVCLG[JCICNCUIGUVKQPGUPGEGUCTKCURCTCUQNWEKQPCTNCCXGTC
&GURWUFGTGOGFKCT[FGUCRCTGEKFCNCEQPFKEKPFGRCTCFCFGCNCTOCEQPGEVGGNXQNVCLG[RQPICGN
EQORTGUQTGPOCTEJC
5QDTGECTICFGNOQVQT
'PECUQFGUQDTGECTICFGNOQVQTUGRCTCTGNEQORTGUQTRCTRCFGCTGN.'&FGCNCTOC
UG
CRCICTGN.'&FGHWPEKQPCOKGPVQCWVQOVKEQ
[CRCTGEGTNCRCPVCNNCUKIWKGPVG
2CPVCNNCFGRCTCFCFGCNCTOCUQDTGECTICFGNOQVQT
RCTRCFGCPFQ
&GUEQPGEVGGNXQNVCLG[JCICNCUIGUVKQPGUPGEGUCTKCURCTCUQNWEKQPCTNCCXGTC
&GURWUFGTGOGFKCT[FGUCRCTGEKFCNCEQPFKEKPFGRCTCFCFGCNCTOCEQPGEVGGNXQNVCLG[RQPICGN
EQORTGUQTGPOCTEJC


#XKUQFGUGTXKEKQ
&GUETKREKP
#RCTGEGTWPCXKUQFGUGTXKEKQCNCNECP\CTGNVGORQTK\CFQTFGUGTXKEKQGNKPVGTXCNQFGVKGORQRTQITCOCFQ
5KGNVGORQTK\CFQTFGUGTXKEKQGZEGFGGNKPVGTXCNQRTQITCOCFQUGGPEGPFGTGN.'&FGCNCTOC

CRCTGEGT
TGIKUVTQ2WNUGNCVGENCFGGPVTCFC
CRCTGEG
5
5GTXKEG 7UGNCVGENC
RCTCFGURNC\CTUGJCUVCT
TGIKUVTQ[RWNUGNCVGENC
FGGPVTCFC
'NCLWUVGFGNVGORQTK\CFQTFGUGTXKEKQUGKPFKECGPM*TU
JQTCUZ
'LGORNQ KPFKECSWGGNEQORTGUQTJCHWPEKQPCFQFWTCPVGJQTCUFGUFGGNUGTXKEKQ
CPVGTKQT
[NCVGENC
RCTCFGURNC\CTUGCT
TGIKUVTQ2WNUGNCVGENC
RCTCXGTKHKECTNCUJQTCUFGHWPEKQPCOKGPVQUVCUXCPGZRTGUCFCUGPM*TU
JQTCUZ
'LGORNQFGWPCRCPVCNNCFGJQTCUFGHWPEKQPCOKGPVQ
M*TU

.CRCPVCNNCKPFKECSWGGNPOGTQFGJQTCUFGHWPEKQPCOKGPVQGU
2CTGGNEQORTGUQTFGUEQPGEVGGNXQNVCLG[NNGXGCECDQNCUCEEKQPGUFGUGTXKEKQKPFKECFCU%QPUWNVGNC
UGEEKP2TQITCOCFGOCPVGPKOKGPVQRTGXGPVKXQ
.CUCEEKQPGUFGUGTXKEKQFGNQUKPVGTXCNQUNCTIQUFGDGPKPENWKTNCUCEEKQPGUFGNQU
KPVGTXCNQUEQTVQU
'PGNGLGORNQCTTKDCJC[SWGTGCNK\CTVQFCUNCUQRGTCEKQPGUFGUGTXKEKQ
RGTVGPGEKGPVGUCNKPVGTXCNQFGJQTCUFGHWPEKQPCOKGPVQCUEQOQNCU
RGTVGPGEKGPVGUCNKPVGTXCNQFGJQTCUFGHWPEKQPCOKGPVQ
5KUGWUCCEGKVGOKPGTCNGPXG\FG#VNCU%QREQ4QVQKPLGEVHNWKFJC[SWG
FKUOKPWKTUGGNKPVGTXCNQFGNVGORQTK\CFQTFGUGTXKEKQ%QPUWNVGNCUGEEKP
2TQITCOCFGOCPVGPKOKGPVQRTGXGPVKXQ
&GURWUFGNUGTXKEKQTGCTOGGNVGORQTK\CFQTFGUGTXKEKQ%QPUWNVGNCUGEEKP+PXQECEKPTGCTOGFG
VGORQTK\CFQTFGUGTXKEKQ


&GURNC\CTUGRQTVQFCUNCURCPVCNNCU
2CPGNFGEQPVTQN
2CPGNFGEQPVTQN
'URQUKDNGFGURNC\CTUGRQTVQFCUNCURCPVCNNCUEQPC[WFCFGNCUVGENCUFGFGURNC\COKGPVQ
[.CU
RCPVCNNCUGUVPFKXKFKFCUGPRCPVCNNCUFGTGIKUVTQU
T T [RCPVCNNCUFGRCTOGVTQU
2 2

&WTCPVGGNFGURNC\COKGPVQNQUPOGTQUFGNCURCPVCNNCUCRCTGEGPEQPUGEWVKXCOGPVG'PNCOC[QTCFG
NQUECUQUUGOWGUVTCPUKOWNVPGCOGPVGNCWPKFCFFGOGFKEKP[GNRKEVQITCOCEQTTGURQPFKGPVGEQPGN
POGTQFGNCRCPVCNNC
'PGNECUQFGWPCXKUQQWPCRCTCFCFGCNCTOCUGGPEWGPVTCCEEGUKDNGWPCRCPVCNNCFGTGIKUVTQCFKEKQPCN
T
'LGORNQ
M*TU
T
5GOWGUVTCPGNPOGTQFGNCRCPVCNNCT NCWPKFCFWUCFCM*TU
JQTCUZ[GNRKEVQITCOC
EQTTGURQPFKGPVGRCTCNCUJQTCUFGHWPEKQPCOKGPVQ2WNUGNCVGENCFGGPVTCFC
RCTCKPXQECTNCUJQTCUFG
HWPEKQPCOKGPVQCEVWCNGU
4GUWOGPFGNCURCPVCNNCU

2CPVCNNCFG
TGIKUVTQ
&GUKIPCEKP
6GOCUTGNCEKQPCFQU
T
*QTCUFGHWPEKQPCOKGPVQ
ZJTU
%QPUWNVGNCUGEEKP+PXQECEKPFGJQTCU
FGHWPEKQPCOKGPVQ
T
*QTCUFGECTIC
ZJTU
%QPUWNVGNCUGEEKP+PXQECEKPFGJQTCU
FGECTIC
2CPVCNNCFG
TGIKUVTQ
&GUKIPCEKP
6GOCUTGNCEKQPCFQU
T
#TTCPSWGUFGNOQVQT
Z
%QPUWNVGNCUGEEKP+PXQECEKPFG
CTTCPSWGUFGNOQVQT
T
#TTCPSWGUFGNOQVQT
Z
%QPUWNVGNCUGEEKP+PXQECEKPFG
CTTCPSWGUFGNOQVQT
T
.GEVWTCFGNVGORQTK\CFQTFGUGTXKEKQ
%QPUWNVGNCUGEEKP+PXQECEKPTGCTOG
FGVGORQTK\CFQTFGUGTXKEKQ
T
'UVCFQFGNCHWPEKPTGCTTCPSWG
CWVQOVKEQFGURWUFGHCNNQFGNXQNVCLG
%QPUWNVGNCUGEEKP#TTCPSWGCWVQOVKEQ
FGURWUFGHCNNQFGNXQNVCLG
T
5GTKGRTQITCOCFCFGRCTOGVTQU
%QPUWNVGNCUGEEKP5GTKGFGRCTOGVTQU
2CPVCNNCFG
RCTOGVTQU
&GUKIPCEKP
6GOCUTGNCEKQPCFQU
2
#LWUVGFGRTGUKPFGFGUECTIC
%QPUWNVGNCUGEEKP+PXQECEKP
OQFKHKECEKPFGRTGUKPFGFGUECTIC
2
#LWUVGUFGRTGUKPFGECTIC
OQFKHKECEKPFGRTGUKPFGECTIC
2
0KXGNFGCXKUQRCTCVGORGTCVWTCFGRWPVQ %QPUWNVGNCUGEEKP+PXQECEKP
FGTQEQ
OQFKHKECEKPFGVGORGTCVWTCFGCXKUQFG
RWPVQFGTQEQ
2
#LWUVGFGVGORQTK\CFQTFGUGTXKEKQ
OQFKHKECEKPFGCLWUVGFGVGORQTK\CFQT
FGUGTXKEKQ
2
#LWUVGFGWPKFCFFGRTGUKP
OQFKHKECEKPFGWPKFCFFGRTGUKP
2
#LWUVGFGWPKFCFFGVGORGTCVWTC
OQFKHKECEKPFGWPKFCFFGVGORGTCVWTC
2
5GNGEEKPGPVTGCTTCPSWG;&Q&1.
%QPUWNVGNCUGEEKP5GNGEEKPGPVTG
CTTCPSWG;&Q&1.
2
5GNGEEKPFGHWPEKPTGCTTCPSWG
CEVKXQQPQPKECOGPVGRCTC#VNCU
%QREQ
%QPUWNVGNCUGEEKP#EVKXCTTGCTTCPSWG
2
5GNGEEKPGPVTGEQPVTQN.QECNQ4GOQVQ
%QPUWNVGNCUGEEKP5GNGEEKPGPVTG
EQPVTQNNQECNQTGOQVQ
2
/QFKHKECTUGTKGFGRCTOGVTQU
RTQITCOCFQU
PKECOGPVGRCTC#VNCU
%QREQ
%QPUWNVGNCUGEEKP/QFKHKECEKPFGUGTKG
FGRCTOGVTQU

(NWLQFGOGPU
(NWLQUKORNKHKECFQFGOGPU


+PXQECEKPFGVGORGTCVWTCUFGUCNKFC[RWPVQFGTQEQ
2CPGNFGEQPVTQN
'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN
DCT

UGOQUVTCTNCVGORGTCVWTCFGUCNKFC
u%

.CRCPVCNNCOWGUVTCSWGNCVGORGTCVWTCFGUCNKFCGUu%
UGOQUVTCTNCVGORGTCVWTCFGNRWPVQFGTQEQ
u%

.CRCPVCNNCOWGUVTCSWGNCVGORGTCVWTCFGNRWPVQFGTQEQGUu%
&GURNEGUGJCEKCCDCLQQCTTKDCRQTNCURCPVCNNCUEQPC[WFCFGNCUVGENCUEQPHNGEJC
[


+PXQECEKPFGJQTCUFGHWPEKQPCOKGPVQ
2CPGNFGEQPVTQN
DCT

JCUVCSWGCRCTG\ECT

[RWNUGCEQPVKPWCEKPNCVGENCFGGPVTCFC
M*TU

.CRCPVCNNCOWGUVTCNCWPKFCFWUCFCM*TU
EQORTGUQTUQPJQTCU

+PXQECEKPFGJQTCUFGECTIC
2CPGNFGEQPVTQN

JQTCUZ[GNXCNQT
NCUJQTCUFGECTICFGN
DCT

JCUVCSWGCRCTG\ECT

M*TU

EQORTGUQTUQPJQTCU

JQTCUZ[GNXCNQT
NCUJQTCUFGECTICFGN
+PXQECEKPFGCTTCPSWGUFGNOQVQT
2CPGNFGEQPVTQN
DCT

JCUVCSWGCRCTG\ECT


'UVCRCPVCNNCOWGUVTCGNPOGTQFGCTTCPSWGUFGNOQVQTOWNVKRNKECFQRQT2WNUGNCVGENCFGGPVTCFC
RCTCXQNXGTCNCURCPVCNNCUFGTGIKUVTQU
JCUVCSWGCRCTG\ECT



'UVCRCPVCNNCOWGUVTCGNPOGTQFGCTTCPSWGUFGNOQVQTRQTCCFKTCNXCNQTKPFKECFQGPGNTGIKUVTQ
T 'PGNRTGUGPVGGLGORNQGNPOGTQFGCTTCPSWGUFGNOQVQTGUFG

+PXQECEKPTGCTOGFGVGORQTK\CFQTFGUGTXKEKQ
2CPGNFGEQPVTQN
DCT

JCUVCSWGCRCTG\ECT

M*TU

JQTCUZ[GNXCNQT
HWPEKQPCFQFWTCPVGJQTCUFGUFGGNUGTXKEKQCPVGTKQT
GNEQORTGUQTJC
4GCTOGFGNVGORQTK\CFQTFGUGTXKEKQ
*C[SWGTGCTOCTGNVGORQTK\CFQTFGURWUFGNUGTXKEKQXCUGNCUGEEKP#XKUQFGUGTXKEKQ
&GURNEGUGCNCRCPVCNNCFGTGIKUVTQT
CRCTGEGTGNXCNQT
RGL
2WNUGNCVGENCFGTGCTOG
RCTRCFGCTGNXCNQT
NQSWGKPFKECSWGGURQUKDNGTGCTOCTNQ
RCTCTGCTOCTGNVGORQTK\CFQTC
RCTCECPEGNCTNCQRGTCEKP

QRWNUGNCVGENCFGTGCTOG


4GCTTCPSWGCWVQOVKEQFGURWUFGHCNNQFGNXQNVCLG
2CPGNFGEQPVTQN
DCT

JCUVCSWGCRCTG\ECT

5KCRCTGEG
PQGUVCEVKXCNCHWPEKP4GCTTCPSWGCWVQOVKEQFGURWUFGHCNNQFGNXQNVCLG
5KCRCTGEG
GUVCEVKXCNCHWPEKP4GCTTCPSWGCWVQOVKEQFGURWUFGHCNNQFGNXQNVCLG

5GTKGFGRCTOGVTQU
2CPGNFGEQPVTQN
DCT

JCUVCSWGCRCTG\ECT [RWNUGCEQPVKPWCEKPNCVGENCFGGPVTCFC

GNPOGTQOQUVTCFQKPFKECNCUGTKGFGRCTOGVTQURTQITCOCFQUGPNCHDTKEC


+PXQECEKPOQFKHKECEKPFGRTGUKPFGFGUECTIC
2CPGNFGEQPVTQN
DCT

JCUVCSWGCRCTG\EC2

DCT

.CRCPVCNNCKPFKECGNCLWUVGFGNCRTGUKPFGFGUECTICDCT
G
/QFKHKSWGFKEJQCLWUVGEQPC[WFCFGNCUVGENCUEQPHNGEJC
[
RCTCRTQITCOCTGNPWGXQXCNQT[XQNXGTCNCURCPVCNNCUFGRCTOGVTQU

+PXQECEKPOQFKHKECEKPFGRTGUKPFGECTIC
2CPGNFGEQPVTQN

DCT

JCUVCSWGCRCTG\EC2

DCT

.CRCPVCNNCKPFKECGNCLWUVGFGNCRTGUKPFGECTICDCT
G
[

+PXQECEKPOQFKHKECEKPFGVGORGTCVWTCFGCXKUQFGRWPVQFG
TQEQ
2CPGNFGEQPVTQN
DCT

JCUVCSWGCRCTG\EC2

u%

.CRCPVCNNCOWGUVTCGNCLWUVGFGCXKUQRCTCNCVGORGTCVWTCFGNRWPVQFGTQEQ%
[

+PXQECEKPOQFKHKECEKPFGCLWUVGFGVGORQTK\CFQTFG
UGTXKEKQ
2CPGNFGEQPVTQN
DCT

JCUVCSWGCRCTG\EC2 [RWNUGCEQPVKPWCEKPNCVGENCFGGPVTCFC
GNCLWUVGFGNVGORQTK\CFQTFGUGTXKEKQUGKPFKECGPM*TU
JQTCUZ'LGORNQ
UKIPKHKECSWGGNVGORQTK\CFQTUGGPEWGPVTCCLWUVCFQCJQTCUFGHWPEKQPCOKGPVQ
[

+PXQECEKPOQFKHKECEKPFGWPKFCFFGRTGUKP
2CPGNFGEQPVTQN

DCT

UGOWGUVTCPNQUCLWUVGURQUKDNGU/RC RUK [DCT RCTRCFGCNCWPKFCFSWGUGWUCGP

TGCNKFCF
5GRWGFGUGNGEEKQPCTQVTCWPKFCFFGRTGUKPEQPC[WFCFGNCUVGENCUEQPHNGEJC
[
RCTCRTQITCOCTNCPWGXCWPKFCF[XQNXGTCNCURCPVCNNCUFGRCTOGVTQU

+PXQECEKPOQFKHKECEKPFGWPKFCFFGVGORGTCVWTC
2CPGNFGEQPVTQN
DCT

UGOWGUVTCPNQUCLWUVGURQUKDNGUu% [u( RCTRCFGCNCWPKFCFSWGUGWUCGPTGCNKFCF

2WGFGUGNGEEKQPCTQVTCWPKFCFFGVGORGTCVWTCEQPNCUVGENCUEQPHNGEJC
[
RCTCRTQITCOCTNCPWGXCWPKFCF[XQNXGTCNCURCPVCNNCUFGRCTOGVTQU


5GNGEEKPGPVTGCTTCPSWG;&Q&1.
2CPGNFGEQPVTQN
DCT

'NOQFQFGCTTCPSWGWVKNK\CFQCEVWCNOGPVGRCTRCFGC RCTC;&
GUVTGNNCVTKPIWNQQ
RCTC&1.
FKTGEVQ
5GRWGFGUGNGEEKQPCTQVTQOQFQFGCTTCPSWGEQPC[WFCFGNCUVGENCUEQPHNGEJC
[
RCTCRTQITCOCTGNPWGXQOQFQFGCTTCPSWG[XQNXGTCNCURCPVCNNCUFG
RCTOGVTQU

#EVKXCTTGCTTCPSWGCWVQOVKEQFGURWUFGHCNNQFGNXQNVCLG
&GUETKREKP
5NQGURQUKDNGOQFKHKECTGUVGRCTOGVTQSWGGUCEEGUKDNGGPNCRCPVCNNC2
KPVTQFWEKTWPCEQPVTCUGC%QPUWNVGC#VNCU%QREQUKFGUGCCEVKXCTGUVCHWPEKP

5GNGEEKPGPVTGEQPVTQNNQECNQTGOQVQ
2CPGNFGEQPVTQN

FGURWUFG
DCT

'NOQFQFGCTTCPSWGWVKNK\CFQCEVWCNOGPVGRCTRCFGC RCTCOQFQFGEQPVTQNNQECNQ
RCTCOQFQFGEQPVTQNCFKUVCPEKC
5GRWGFGUGNGEEKQPCTQVTQOQFQEQPC[WFCFGNCUVGENCUEQPHNGEJC
[
RCTCRTQITCOCTGNPWGXQOQFQFGEQPVTQN[XQNXGTCNCURCPVCNNCUFG
RCTOGVTQU

/QFKHKECEKPFGUGTKGFGRCTOGVTQU
&GUETKREKP
5NQGURQUKDNGOQFKHKECTGUVGRCTOGVTQSWGGUCEEGUKDNGGPNCRCPVCNNC2
KPVTQFWEKTWPCEQPVTCUGC

FGURWUFG
#LWUVGU
2TGUKQPGUFGFGUECTICECTIC
EQORTGUQTGUFG*\
2TGUKPFGFGUECTIC
#LWUVG
OPKOQ
#LWUVGFG
HDTKEC
#LWUVG
OZKOQ
DCT
G

DCT(WNN(GCVWTG
DCT
G

DCT
DCT
G

DCT(WNN(GCVWTG
DCT
G

DCT
DCT
DCT
G

DCT(WNN(GCVWTG
DCT
G

#LWUVG
OPKOQ
#LWUVGFG
HDTKEC
#LWUVG
OZKOQ
2TGUKPFGFGUECTIC
DCT
RUKI

DCT(WNN(GCVWTG
RUKI

DCT
RUKI

DCT(WNN(GCVWTG
RUKI

DCT
RUKI

DCT(WNN(GCVWTG
RUKI

2TGUKPFGECTIC
#LWUVG
OPKOQ
#LWUVGFG
HDTKEC
#LWUVG
OZKOQ
DCT
DCT
G

DCT(WNN(GCVWTG
DCT
G

DCT
DCT
G

DCT(WNN(GCVWTG
DCT
G

DCT
DCT
G

DCT(WNN(GCVWTG
DCT
G

#LWUVG
OPKOQ
#LWUVGFG
HDTKEC
#LWUVG
OZKOQ
2TGUKPFGECTIC
DCT
RUKI

DCT(WNN(GCVWTG
RUKI

DCT
RUKI

DCT(WNN(GCVWTG
RUKI

DCT
RUKI

DCT(WNN(GCVWTG
RUKI

#LWUVG
OPKOQ
#LWUVGFG
HDTKEC
#LWUVG
OZKOQ
2TGUKQPGUFGFGUECTICECTIC
EQORTGUQTGUFG*\
2TGUKPFGFGUECTIC
RUK
DCT
G

RUK(WNN(GCVWTG
DCT
G

RUK
DCT
G

RUK(WNN(GCVWTG
DCT
G

RUK
DCT
G

RUK(WNN(GCVWTG
DCT
G

RUK
DCT
G

RUK(WNN(GCVWTG
DCT
G

#LWUVG
OPKOQ
#LWUVGFG
HDTKEC
#LWUVG
OZKOQ
2TGUKPFGFGUECTIC

RUK
RUKI

RUK(WNN(GCVWTG
RUKI

RUK
RUKI

RUK(WNN(GCVWTG
RUKI

RUK
RUKI

RUK(WNN(GCVWTG
RUKI

RUK
RUKI

RUK(WNN(GCVWTG
RUKI

2TGUKPFGECTIC
#LWUVG
OPKOQ
#LWUVGFG
HDTKEC
#LWUVG
OZKOQ
RUK
DCT
G

RUK(WNN(GCVWTG
DCT
G

RUK
DCT
G
RUK(WNN(GCVWTG
DCT
G

RUK
DCT
G

RUK(WNN(GCVWTG
DCT
G

RUK
DCT
G

RUK(WNN(GCVWTG
DCT
G

#LWUVG
OPKOQ
#LWUVGFG
HDTKEC
#LWUVG
OZKOQ
2TGUKPFGECTIC
RUK
RUKI

RUK(WNN(GCVWTG
RUKI

RUK
RUKI

RUK(WNN(GCVWTG
RUKI

RUK
RUKI

RUK(WNN(GCVWTG
RUKI

RUK
RUKI

RUK(WNN(GCVWTG
RUKI

/PKOCFKHGTGPEKCFGRTGUKPTGEQOGPFCFC
.COPKOCFKHGTGPEKCFGRTGUKPTGEQOGPFCFCGPVTGECTIC[FGUECTICGUFGDCTRUKI
.QUCLWUVGURCTCCXKUQ
u%u([RCTCFCFGCNCTOC
u%u(PQUQPRTQITCOCDNGU
'NCLWUVGFGCXKUQPQOKPCNGUu%
u(


4GIWNCFQT'NGMVTQPKMQPs++
2CPGNFGEQPVTQN
)GPGTCNKFCFGU
'PIGPGTCNGNTGIWNCFQT'NGMVTQPKMQPGLGEWVCNCUUKIWKGPVGUHWPEKQPGU
%QPVTQNCTGNEQORTGUQT
2TQVGIGTGNEQORTGUQT
/QPKVQTK\CTNQUEQORQPGPVGUUWLGVQUCUGTXKEKQ
#TTCPSWGCWVQOVKEQFGURWUFGKPVGTTWREKPFGNXQNVCLG
JGEJQKPCEVKXQ
%QPVTQNCWVQOVKEQFGHWPEKQPCOKGPVQFGNEQORTGUQT
'NTGIWNCFQTOCPVKGPGNCRTGUKPFGNCTGFGPVTGNQUNOKVGURTQITCOCDNGUECTICPFQ[FGUECTICPFQGN
EQORTGUQTCWVQOVKECOGPVG5GVKGPGGPEWGPVCWPPOGTQFGCLWUVGURTQITCOCDNGURGLNCURTGUKQPGU
FGFGUECTIC[ECTICGNVKGORQOPKOQFGRCTCFC[GNPOGTQOZKOQFGCTTCPSWGUFGNOQVQT
'NTGIWNCFQTRCTCGNEQORTGUQTECFCXG\SWGUGCRQUKDNGEQPQDLGVQFGTGFWEKTGNEQPUWOQFGGPGTIC[
XWGNXGCCTTCPECTNQCWVQOVKECOGPVGEWCPFQDCLGNCRTGUKPFGNCTGF%CUQFGUGTFGOCUKCFQDTGXGGN
RGTQFQFGFGUECTICRTGXKUVQGNEQORTGUQTUKIWGHWPEKQPCPFQCHKPFGGXKVCTRGTQFQUFGRCTCFC
FGOCUKCFQDTGXGU
'URQUKDNGRTQITCOCTWPPOGTQFGOCPFQUFGCTTCPSWGCWVQOVKEQRCTCFCSWG
CEVCPGPWPVKGORQFCFQ6GPICGPEWGPVCSWGUGGLGEWVCTWPOCPFQFGCTTCPSWG
UKGUVRTQITCOCFQ[CEVKXCFQKPENWUQFGURWUFGRCTCTGNEQORTGUQT
OCPWCNOGPVG
2TQVGIGTGNEQORTGUQT
2CTCFCFGCNCTOC
5KNCVGORGTCVWTCFGUCNKFCFGNGNGOGPVQEQORTGUQTGZEGFGGNPKXGNFGRCTCFCFGCNCTOCRTQITCOCFQUG
RCTCTGNEQORTGUQT'UVQUGKPFKECGPGNFKURNC[
[RCTRCFGCTGN.'&FGCNCTOCIGPGTCN

'NEQORTGUQTUGRCTCTVCODKPGPECUQFGUQDTGECTICFGNQUUKIWKGPVGUEQORQPGPVGU
/QVQTFGXGPVKNCFQT

5QNWEKQPGGNRTQDNGOC[TGCTOGNCPQVKEKC%QPUWNVGVCODKPGN/GP&CVQUFGGUVCFQ
#PVGUFGUQNWEKQPCTEQPUWNVGNCU2TGECWEKQPGUFGUGIWTKFCF
5KNCVGORGTCVWTCFGUCNKFCFGNGNGOGPVQEQORTGUQTUWRGTCGNPKXGNFGCXKUQFGRCTCFCFGCNCTOC
RTQITCOCFQCRCTGEGTWPCPQVKEKCGPGNFKURNC[
[UGGPEGPFGTGN.'&FGCNCTOCIGPGTCN
EQP
QDLGVQFGCXKUCTCNQRGTCFQTFGSWGUGGZEGFGGNPKXGNFGCXKUQFGRCTCFCFGCNCTOC
'NOGPUCLGFGUCRCTGEGGPEWCPVQFGUCRCTGEGNCEQPFKEKPFGCXKUQ
#XKUQFGUGTXKEKQ
7PCUGTKGFGCEEKQPGUFGUGTXKEKQUGCITWRCP
GPNQUNNCOCFQU2NCPGUFG5GTXKEKQ#$%GVE%CFC
2NCPFG5GTXKEKQVKGPGWPKPVGTXCNQFGVKGORQRTQITCOCFQ5KUGGZEGFGCNIPKPVGTXCNQCRCTGEGTWPC
PQVKEKCGPGNFKURNC[
EQPQDLGVQFGCXKUCTCNQRGTCFQTFGSWGNNGXGCECDQNCUCEEKQPGUFGUGTXKEKQ
RGTVGPGEKGPVGUCFKEJQRNCP
#XKUQ
6CODKPCRCTGEGWPCPQVKEKCFGCXKUQUK
'PEQORTGUQTGU(WNN(GCVWTGEQPUGECFQT+(&NCVGORGTCVWTCFGNRWPVQFGTQEQGUFGOCUKCFQCNVCGP
TGNCEKPEQPNCVGORGTCVWTCCODKGPVG
4GCTTCPSWGCWVQOVKEQFGURWUFGKPVGTTWREKPFGNXQNVCLG
'NTGIWNCFQTKPEQTRQTCWPCHWPEKPFGCTTCPSWGCWVQOVKEQFGNEQORTGUQTCNTGUVCDNGEGTUGGNXQNVCLG
FGURWUFGWPCKPVGTTWREKPGNEVTKEC&KEJCHWPEKPGUVFGUCEVKXCFCGPNQUEQORTGUQTGUSWGUCNGPFG
NCHDTKEC0QQDUVCPVGGURQUKDNGCEVKXCTNCUKCUUGFGUGC%QPUWNVGC#VNCU%QREQ
5KGUVCEVKXCFCNCHWPEKP[UKGORTGSWGGNTGIWNCFQTUGGPEWGPVTGGPGNOQFQFG
HWPEKQPCOKGPVQCWVQOVKEQGNEQORTGUQTXQNXGTCCTTCPECTCWVQOVKECOGPVGUKGN
XQNVCLGFGUWOKPKUVTQCNOFWNQUGTGUVCDNGEGFGPVTQFGNRGTQFQRTQITCOCFQ
'NVKGORQFGTGUVCDNGEKOKGPVQFGRQVGPEKC
GNRGTQFQGPGNSWGFGDGTGUVCDNGEGTUGGN
XQNVCLGRCTCRQFGTCTTCPECTCWVQOVKECOGPVGRWGFGCLWUVCTUGGPVTG[
UGIWPFQUQCN+PHKPKVQ5KGNVKGORQFGTGUVCDNGEKOKGPVQFGRQVGPEKCUGGPEWGPVTC
CLWUVCFQCN+PHKPKVQGNEQORTGUQTXQNXGTCCTTCPECTUKGORTGFGURWUFGWPC
KPVGTTWREKPFGNXQNVCLGKPFGRGPFKGPVGOGPVGFGNQSWGUGVCTFGGPTGUVCDNGEGTNQ
6CODKPGURQUKDNGRTQITCOCTWPTGVTCUQFGTGCTTCPSWGJCEKGPFQSWGXWGNXCPC
CTTCPECTRQTGLGORNQFQUEQORTGUQTGUFGHQTOCEQPUGEWVKXC


2CPGNFGEQPVTQN
4GIWNCFQT'NGMVTQPKMQP
2CTVGU[HWPEKQPGU

4GHGTGPEKC
&GUKIPCEKP
(WPEKP
$QVPFGCTTCPSWG
$QVPRCTCCTTCPECTGNEQORTGUQT'N.'&
UG
GPEKGPFGRCTCKPFKECTSWGGNTGIWNCFQT
'NGMVTQPKMQPGUVQRGTCVKXQ
&KURNC[
/WGUVTCOGPUCLGUUQDTGGNGUVCFQFG
HWPEKQPCOKGPVQFGNEQORTGUQTNCPGEGUKFCFFG
UGTXKEKQQWPHCNNQ
6GENCUFGFGURNC\COKGPVQ
6GENCURCTCFGURNC\CTUGJCEKCCTTKDCQCDCLQRQTGN
FKURNC[
6GENCFGVCDWNCEKP
6GENCRCTCUGNGEEKQPCTGNRCTOGVTQKPFKECFQRQTNC
HNGEJCJQTK\QPVCN5QNCOGPVGRWGFGPOQFKHKECTUG
NQURCTOGVTQUUGIWKFQUFGWPCHNGEJCSWGUGCNG
CNCFGTGEJC
6GENCUFGHWPEKP
6GENCURCTCIQDGTPCT[RTQITCOCTGNEQORTGUQT
.'&FGXQNVCLGEQPGEVCFQ
+PFKECSWGGUVEQPGEVCFQGNXQNVCLG
.'&FGCNCTOCIGPGTCN
'UVGPEGPFKFQUKGZKUVGWPGUVCFQFGCXKUQCXKUQ
FGUGTXKEKQQCXKUQFGRCTCFCFGCNCTOC
.'&FGCNCTOCIGPGTCN
2CTRCFGCUKGZKUVGWPCEQPFKEKPFGRCTCFCFG
CNCTOCUKUGJCTQVQWPUGPUQTKORQTVCPVGQ
FGURWUFGWPCRCTCFCFGGOGTIGPEKC
.'&FGHWPEKQPCOKGPVQCWVQOVKEQ +PFKECSWGGNTGIWNCFQTGUVEQPVTQNCPFQGN
EQORTGUQTCWVQOVKECOGPVG
$QVPFGRCTCFC
$QVPRCTCRCTCTGNEQORTGUQT5GCRCICGN.'&
'NEQORTGUQTUGRCTCTFGURWUFGHWPEKQPCT
GPFGUECTICWPQUUGIWPFQU
5
2WNUCFQTRCTCRCTCTGNEQORTGUQTCNKPUVCPVGGP
ECUQFGGOGTIGPEKC&GURWUFGUQNWEKQPCTNC
CXGTCNKDGTGGNDQVPVKTCPFQFGN

6GENCUFGHWPEKP
2CPGNFGEQPVTQN
6GENCUFGHWPEKP
.CUVGENCU
UGWUCPRCTC
%CTICTFGUECTICTGNEQORTGUQTCOCPQ
+PXQECTQRTQITCOCTCLWUVGU
4GCTOCTWPCPQVKEKCFGUQDTGECTICFGNOQVQTRCTCFCFGCNCTOCQUGTXKEKQQWPCRCTCFCFG
GOGTIGPEKC
#EEGFGTCVQFQUNQUFCVQUTGEQIKFQURQTGNTGIWNCFQT
.CUHWPEKQPGUFGNCUVGENCUXCTCPUGIPGNOGPSWGUGOWGUVTC.CHWPEKPTGCNUGKPFKECLWUVQGPEKOC
FGNCVGENCEQTTGURQPFKGPVG#EQPVKPWCEKPUGEKVCPNCUHWPEKQPGUOUEQOWPGU
&GUKIPCEKP
(WPEKP
#CF
#CFGEQOCPFQUFGCTTCPSWGRCTCFCFGNEQORTGUQT
FCJQTC
#VT
8WGNXGCWPCQREKPQWPOGPSWGUGJCOQUVTCFQCPVGU
%CPE
%CPEGNCWPCLWUVGRTQITCOCFQCNRTQITCOCTRCTOGVTQU
$QTT
$QTTCEQOCPFQUFGCTTCPSWGRCTCFCFGNEQORTGUQT
#[WF
8CCNCFKTGEEKPFG#VNCU%QREQGP+PVGTPGV
.O
/WGUVTCNQUNOKVGURCTCWPCLWUVGRTQITCOCDNG
%CTI
%CTICTGNEQORTGUQTCOCPQ
2TKP
8QNXGTFGUFGWPOGPCNCRCPVCNNCRTKPEKRCN
/GP
'ORG\CPFQFGUFGNCRCPVCNNCRTKPEKRCNQDVKGPGCEEGUQCNQUUWDOGPU
/GP
'ORG\CPFQFGUFGWPUWDOGPXWGNXGCWPOGPCPVGTKQT
/QF
/QFKHKECCLWUVGURTQITCOCDNGU
2TQI
2TQITCOCCLWUVGUOQFKHKECFQU
4GCT
4GCTOCWPVGORQTK\CFQTQWPOGPUCLG
8NXT
8WGNXGCWPCQREKPQWPOGPSWGUGJCOQUVTCFQCPVGU
&GUE
&GUECTICTGNEQORTGUQTCOCPQ
'ZVT
'PEQPVTCTNCEQPHKIWTCEKPFGNOFWNQFGNTGIWNCFQT


6GENCUFGFGURNC\COKGPVQ
2CPGNFGEQPVTQN
.CUVGENCU
RGTOKVGPSWGGNWUWCTKQUGFGURNCEGRQTGNFKURNC[
/KGPVTCUUGOWGUVTGGPNCRQUKEKPFGTGEJCFGNFKURNC[WPCHNGEJCSWGUGCNGJCEKCCDCLQRWGFGWUCTUG
NCVGENCFGFGURNC\COKGPVQEQPGNOKUOQUODQNQRCTCFGURNC\CTUGCNEQORQPGPVGUKIWKGPVG
/KGPVTCUUGOWGUVTGGPNCRQUKEKPFGTGEJCFGNFKURNC[WPCHNGEJCSWGUGCNGJCEKCCTTKDCRWGFGWUCTUG
NCVGENCFGFGURNC\COKGPVQEQPGNOKUOQUODQNQRCTCFGURNC\CTUGCNEQORQPGPVGCPVGTKQT

2CPGNFGEQPVTQN
2CTCRCTCTGNEQORTGUQTKPOGFKCVCOGPVGGPECUQFGGOGTIGPEKCRWNUGGNDQVPFGRCTCFCFGGOGTIGPEKC
5
#PVGUFGGORG\CTGNOCPVGPKOKGPVQQTGRCTCEKPGURGTGJCUVCSWGJC[CRCTCFQGN
EQORTGUQT[CDTCGNKPVGTTWRVQTUGRCTCFQT
KPUVCNCEKPFGNENKGPVGRCTCFGUEQPGEVCTGN
XQNVCLGCNEQORTGUQT
%KGTTGNCXNXWNCFGUCNKFCFGCKTG[CDTCNCUXNXWNCUFGFTGPCLGOCPWCNFGEQPFGPUCFQ
RCTCFGURTGUWTK\CTGNUKUVGOCFGCKTG
*C[SWGCRNKECTVQFCUNCU2TGECWEKQPGUFGUGIWTKFCFRGTVKPGPVGU


2TQITCOCUFGEQPVTQN
&GUETKREKP
#HKPFGHCEKNKVCTNCRTQITCOCEKP[GNEQPVTQNUGJCPKORNGOGPVCFQRTQITCOCUFGEQPVTQNOCPFCFQURQT
OGPUGPGNTGIWNCFQT
(NWLQFGOGPUFG)#C)#%
UKORNKHKECFQ

(NWLQFGOGPUFG)#C)#%9QTMRNCEG(WNN(GCVWTGEQPUGECFQT+(&
UKORNKHKECFQ

/GPRTKPEKRCN
2TQITCOCT
(WPEKP
2CPVCNNCRTKPEKRCN
/WGUVTCGPDTGXGGNGUVCFQFGHWPEKQPCOKGPVQFGNEQORTGUQT'UNCRWGTVCFG
GPVTCFCCVQFCUNCUHWPEKQPGU
&CVQUFGGUVCFQ
+PXQECGNGUVCFQFGNCUHWPEKQPGUFGRTQVGEEKPFGNEQORTGUQT
RCTCFCFG
CNCTOCCXKUQFGRCTCFCFGCNCTOCCXKUQFGUGTXKEKQ[CXKUQ4GCTOCWPC
RCTCFCFGCNCTOCUQDTGECTICFGNOQVQT[EQPFKEKPFGUGTXKEKQ
&CVQUOGFKFQU
+PXQECNQUFCVQUCEVWCNOGPVGOGFKFQU[GNGUVCFQFGWPCUGTKGFGGPVTCFCU
%QPVCFQTGU
+PXQECNCUJQTCUFGHWPEKQPCOKGPVQJQTCUGPECTICJQTCUFGNTGIWNCFQT
OFWNQ[POGTQFGCTTCPSWGUFGNOQVQT
'PUC[Q
2TQDCTRCPVCNNC
/QFKHKECTRCTOGVTQU
/QFKHKECNQUCLWUVGUFG
2CTOGVTQU
RGLRTGUKQPGUFGECTIC[FGUECTIC
2TQVGEEKQPGU
RGLPKXGNFGRCTCFCFGCNCTOCRCTCVGORGTCVWTC
2NCPGUFGUGTXKEKQ
VGORQTK\CFQTGURCTCRNCPGUFGUGTXKEKQ
(WPEKQPGUFGTGNQL
OCPFQUFGCTTCPSWGRCTCFCDCPFCFGRTGUKP
CWVQOVKEQUFGNEQORTGUQT
%QPHKIWTCEKP
JQTCHGEJCKFKQOCFGXKUWCNK\CEKP
5GTXKEKQ
+PXQECRNCPGUFGUGTXKEKQ[TGCTOCNQUVGORQTK\CFQTGUFGURWUFGNNGXCTC
ECDQNCUCEEKQPGUFGUGTXKEKQRGTVGPGEKGPVGUCWPRNCP
&CVQUIWCTFCFQU
+PXQECNQUFCVQUIWCTFCFQUFCVQUFGNVKOCRCTCFCFGCNCTOCNVKOCRCTCFC
FGGOGTIGPEKC

/GP2CPVCNNCRTKPEKRCN
(WPEKP
2CPGNFGEQPVTQN
'NOGPFGNCRCPVCNNCRTKPEKRCNOWGUVTCGNGUVCFQFGHWPEKQPCOKGPVQFGNEQORTGUQT[HQTOCNCRWGTVCFG
GPVTCFCCVQFCUNCUHWPEKQPGUKORNGOGPVCFCUGPGNTGIWNCFQT
2TQEGFKOKGPVQ
.CRCPVCNNCRTKPEKRCNCRCTGEGCWVQOVKECOGPVGCNEQPGEVCTNCEQTTKGPVG
5KPQUGWUCPPKNCUVGENCUFGHWPEKPPKNCUVGENCUEQPHNGEJC
[FWTCPVGCNIWPQUOKPWVQUGN
TGIWNCFQTXQNXGTCWVQOVKECOGPVGCNC2CPVCNNCRTKPEKRCN

5KGORTGSWGCRCTG\ECGPNCRCPVCNNCFGWPUWDOGPRWNUGNCVGENC 2TKP
(RCTCXQNXGTCNC2CPVCNNC
RTKPEKRCN
'LGORNQFG2CPVCNNCRTKPEKRCN
%QORTGUUQT1WV
5CNKFC
EQORTGU
DCT

#WVQOVETIFQ
/GP
(
7PNQCF
&GUE
(
(
'NFKURNC[KPFKEC
.CFGUKIPCEKPFGNUGPUQT[NCKPFKECEKPCEVWCN
0QVKEKCUFGNGUVCFQFGHWPEKQPCOKGPVQFGNEQORTGUQT
,WUVQGPEKOCFGNCUVGENCUFGHWPEKP
NCHWPEKPCEVWCNFGFKEJCUVGENCU

+PXQECEKPFGOGPU
&GUETKREKP
2CPGNFGEQPVTQN
.CRCPVCNNCRTKPEKRCNCRCTGEGCWVQOVKECOGPVGCNEQPGEVCTUGGNXQNVCLG
%QORTGUUQT1WV
5CNKFC
EQORTGU
DCT

#WVQOVETIFQ
/GP
(
&GUE
(
(
.CVGENCEQPHNGEJCCDCLQ
UGRWGFGWVKNK\CTRCTCWPCEQPUWNVCTRKFCFGNCUKVWCEKPCEVWCNFGN
EQORTGUQT
&GURWUFGRWNUCTNCVGENC /GP
(NCQREKP &CVQUFGGUVCFQ CRCTGEGTUGIWKFCFGWPCHNGEJC
JQTK\QPVCN
2WNUGNCVGENCFGVCDWNCEKP
RCTCUGNGEEKQPCTGUVGOGP

1DKGPWVKNKEGNCVGENCEQPHNGEJCCDCLQ
JCUVCSWGGNUWDOGPFGUGCFQXC[CUGIWKFQFGWPCHNGEJC
JQTK\QPVCN[CEQPVKPWCEKPRWNUGNCVGENCFGVCDWNCEKP
RCTCUGNGEEKQPCTGUVGOGP

/GP&CVQUFGGUVCFQ
#XKUQ
#PVGUFGGORG\CTGNOCPVGPKOKGPVQQTGRCTCEKPRWNUGGNDQVPFGRCTCFC

GURGTGJCUVCSWGJC[CRCTCFQGNEQORTGUQTRWNUGGNDQVPTQLQFGRCTCFCFG
GOGTIGPEKC[CDTCGNKPVGTTWRVQTUGRCTCFQT
KPUVCNCEKPFGNENKGPVGRCTCFGUEQPGEVCT
GNXQNVCLGCNEQORTGUQT
%KGTTGNCXNXWNCFGUCNKFCFGCKTG[FGURTGUWTKEGGNUKUVGOCFGCKTG
(WPEKP
2CPGNFGEQPVTQN
'NUWDOGPFG&CVQUFGGUVCFQFCKPHQTOCEKPUQDTGGNGUVCFQFGNCUHWPEKQPGUFGRTQVGEEKPFGN
EQORTGUQT
RCTCFCFGCNCTOCCXKUQFGRCTCFCFGCNCTOCCXKUQFGUGTXKEKQ[CXKUQ[RGTOKVGSWGUG
TGCTOGWPCRCTCFCFGCNCTOCUQDTGECTICFGNOQVQT[EQPFKEKPFGUGTXKEKQ
2TQEGFKOKGPVQ
XCUGGNOGPFG2CPVCNNCRTKPEKRCN
2WNUGNCVGENC /GP
(NCQREKP &CVQUFGGUVCFQ UGTUGIWKFCFGWPCHNGEJCJQTK\QPVCN

0QGZKUVGPQVKEKC
'N.'&
FGCNCTOCIGPGTCNGUVCRCICFQ[NCPQVKEKCGPGNFKURNC[KPFKECSWGVQFCUNCUEQPFKEKQPGU
UQPPQTOCNGU
6QFCUNCUEQPFEUQP1-

/GP
(
(
(

'ZKUVGWPOGPUCLGFGRCTCFCFGCNCTOC
'PECUQFGRCTCFCFGCNCTOCFGNEQORTGUQTRCTRCFGCTGN.'&

'PECUQFGWPCRCTCFCFGCNCTOCFGDKFQCWPCVGORGTCVWTCFGOCUKCFQCNVCGPNCUCNKFCFGNGNGOGPVQ
EQORTGUQT
5CNKFCGNGOGPVQ
u%
2TF

/CZ
/GP
(

4GCT
(
(
.QUKPFKECFQTGU
RCTRCFGCP.CRCPVCNNCOWGUVTCNCNGEVWTCCEVWCN
u%GNSWGGNEQORTGUQT
UGGPEWGPVTGRCTCFQ
2TF [GNCLWUVGFGRCTCFC
u%
5KIWGUKGPFQRQUKDNGFGURNC\CTUGRQTQVTQUOGPURGLRCTCEQORTQDCTNQUXCNQTGUFGQVTQU
RCTOGVTQU
#NXQNXGTCNOGPFG &CVQUFGGUVCFQ RCTRCFGCTNCQREKP 2CTCFCU &KEJCQREKPRWGFG
UGNGEEKQPCTUGRWNUCPFQNCVGENCFGVCDWNCEKP
RCTCXQNXGTCNCRCPVCNNCFGRCTCFCFGCTTKDC
4GCTOGFGRCTCFCFGCNCTOC
&GUEQPGEVGGNXQNVCLG[JCICNCUIGUVKQPGUPGEGUCTKCURCTCUQNWEKQPCTNCCXGTC&GURWUFGTGOGFKCT
[FGUCRCTGEKFCNCEQPFKEKPFGRCTCFCFGCNCTOCEQPGEVGGNXQNVCLG[RWNUGNCVGENC 4GCT
(
2WNUGNCUVGENCU /GP [ 2TKP RCTCXQNXGTCNC2CPVCNNCRTKPEKRCN[TGCTTCPSWGGNEQORTGUQTRQTOGFKQ
FGNDQVPFGCTTCPSWG

4GCTOGFGUQDTGECTICFGNOQVQT
&GUEQPGEVGGNXQNVCLG[JCICNCUIGUVKQPGUPGEGUCTKCURCTCTGOGFKCTNCCXGTC'NTGNFGUQDTGECTIC
([GNFKU[WPVQTFGNXGPVKNCFQT
3FGDGPTGUVCDNGEGTUGOCPWCNOGPVG%QPGEVGGNXQNVCLG[
RWNUGNCVGENC4GCT
(
2WNUGNCUVGENCU /GP [ 2TKP RCTCXQNXGTCNC2CPVCNNCRTKPEKRCN[TGCTTCPSWGGNEQORTGUQTRQTOGFKQ
FGNDQVPFGCTTCPSWG

'ZKUVGWPOGPUCLGFGCXKUQFGRCTCFCFGCNCTOC
5KGZKUVGWPCXKUQFGRCTCFCFGCNCTOCGUVGPEGPFKFQGN.'&
.CRCPVCNNCRTKPEKRCNUGECODKCTC
WPCRCPVCNNCRCTGEKFCCNCSWGUKIWG
%QORTGUUQT1WV
5CNKFC
EQORTGU
DCT
2CTQ

#XKUQ
/GP
(

&GUE
(
(
.QUKPFKECFQTGU
RCTRCFGCP.QUKPFKECFQTGU 2CTQ #XKUQ CRCTGEGPCNVGTPCFCOGPVGEQPNCU
PQVKEKCUSWGKPFKECPUKGNEQORTGUQTOCTEJCGPFGUECTICQECTIC
2WNUGNCVGENC /GP
([NCVGENCFGVCDWNCEKP
RCTCUGNGEEKQPCTGNOGPFG &CVQUFGGUVCFQ
RCTRCFGCNCQREKP 2TQVGEEKP
&GURNEGUGCFKEJCQREKP[UGNGEEKPGNCRWNUCPFQNCVGENCFGVCDWNCEKP
#RCTGEGWPCRCPVCNNC
RCTGEKFCCNCSWGUGOWGUVTCCDCLQ
5CNKFCFGGNGOGPVQ
u%
2CT
/CZ
/GP
(

(
(
.CRCPVCNNCKPFKECSWGNCVGORGTCVWTCGPNCUCNKFCFGNGNGOGPVQEQORTGUQTGZEGFGGNPKXGNFGCXKUQFG
RCTCFCFGCNCTOCRTQITCOCFQ
5KGURTGEKUQRCTGGNEQORTGUQTRQTOGFKQFGNDQVPFGRCTCFC
[GURGTGJCUVCSWGUGRCTG
GHGEVKXCOGPVG
&GUEQPGEVGGNXQNVCLGTGXKUG[TGCNKEGNCUQRGTCEKQPGUPGEGUCTKCU
'NOGPUCLGFGCXKUQFGUCRCTGEGTCWVQOVKECOGPVGGPEWCPVQFGUCRCTG\ECNCEQPFKEKPFGCXKUQ
'ZKUVGWPCXKUQFGUGTXKEKQ
'N.'&GUVGPEGPFKFQ
.CRCPVCNNCRTKPEKRCNUGECODKCTCWPCRCPVCNNCRCTGEKFCCNCSWGUKIWG
%QORTGUUQT1WV
5CNKFC
EQORTGU
DCT
5GTX4GSWKT
5GTXTGSWGT
/GP
(
&GUE
(
(
.QUKPFKECFQTGU
RCTRCFGCP[NCPQVKEKCFGCXKUQFGUGTXKEKQCRCTGEGCNVGTPCFCOGPVGEQPNCU
PQVKEKCUSWGKPFKECPUKGNEQORTGUQTOCTEJCGPFGUECTICQECTIC
2WNUGNCVGENC /GP
([NCVGENCFGVCDWNCEKP
RCTCUGNGEEKQPCTGNOGPFG &CVQUFGGUVCFQ
RCTRCFGCNCQREKP 5GTXKEKQ
&GURNEGUGCFKEJCQREKP[UGNGEEKPGNCRWNUCPFQNCVGENCFGVCDWNCEKP
RWGFGSWGRCTRCFGGP
FQUQREKQPGU
'PVTCFCU UKUGGZEGFGGNPKXGNFGUGTXKEKQRTQITCOCFQFGWPEQORQPGPVG
RGLNCECFCFG
RTGUKPOZKOCFGNUGRCTCFQTFGCEGKVG
2NCPGU UKUGGZEGFGGNKPVGTXCNQFGWPRNCPFGUGTXKEKQ
2CTGGNEQORTGUQT[FGUEQPGEVGGNXQNVCLG
5KNCPQVKEKCFGUGTXKEKQUGTGHKTKC 'PVTCFCU
UGRCTCFQTFGCEGKVGTGGORNCEGGNUGRCTCFQTEQPGEVG
GNXQNVCLGFGURNEGUGGPGNOGPFG&CVQUFGGUVCFQC 'PVTCFCU [RWNUGNCVGENC 4GCT RCTCTGCTOCT
NCPQVKEKCFGUGTXKEKQ
5KGNCXKUQFGUGTXKEKQJCECTGHGTGPEKCC 2NCP TGCNKEGNCUCEEKQPGUFGUGTXKEKQTGNCVKXCUCNQURNCPGU
KPFKECFQU4GCTOGNQUVGORQTK\CFQTGUFGNQURNCPGUEQTTGURQPFKGPVGU2PICUGGPEQPVCEVQEQPGN
%GPVTQFG5GTXKEKQCN%NKGPVGFG#VNCU%QREQ%QPUWNVGNCUGEEKP/GP5GTXKEKQ

'ZKUVGWPCPQVKEKCFGCXKUQ
'UVGPEGPFKFQGN.'&
[CRCTGEGTGPNCRCPVCNNCWPOGPUCLGFGCXKUQ
.QUKPFKECFQTGU
RCTRCFGCP[NCPQVKEKCFGCXKUQCRCTGEGCNVGTPCFCOGPVGEQPNCUPQVKEKCUSWG
KPFKECPUKGNEQORTGUQTOCTEJCGPFGUECTICQECTIC'UVGCXKUQKPFKEC
'PEQORTGUQTGU(WNN(GCVWTGEQPUGECFQT+(&NCVGORGTCVWTCFGNRWPVQFGTQEQGUFGOCUKCFQCNVC
GPTGNCEKPEQPNCVGORGTCVWTCCODKGPVG
2CTGGNEQORTGUQT[FGUEQPGEVGGNXQNVCLG+PURGEEKQPGGNEQORTGUQT[UQNWEKQPG

/GP&CVQUOGFKFQU
2CPGNFGEQPVTQN
(WPEKP
+PXQECTKPHQTOCEKPCEGTECFGNQUFCVQUOGFKFQUCEVWCNOGPVG[GNGUVCFQFGCNIWPCUGPVTCFCURGL
RTQVGEEKPFGUQDTGECTICFGNOQVQT%QPUWNVGGNHNWLQFGOGPUGPNCUGEEKP2TQITCOCUFGEQPVTQN
2TQEGFKOKGPVQ
2WNUGNCVGENC /GP
(
2WNUGNCVGENCEQPHNGEJCCDCLQ
JCUVCSWG &CVQUOGFKFQU CRCTG\ECUGIWKFQFGWPCHNGEJC
JQTK\QPVCN
#EVKXGGNOGPRWNUCPFQNCVGENCFGVCDWNCEKP

#NRWNUCTNCUVGENCUFGFGURNC\COKGPVQ
GPEQPVTCTWPPOGTQFGFCVQUCEVWCNOGPVGOGFKFQU
5KWPQFGNQUUGPUQTGUXCEQPGEVCFQCWPCHWPEKPFGRCTCFCFGCNCTOCUGTXKEKQQCXKUQGURQUKDNG
KPXQECTVCPVQGNXCNQTCEVWCNOGPVGOGFKFQEQOQGNPKXGNEQTTGURQPFKGPVGFGRCTCFCFGCNCTOCCXKUQ
QUGTXKEKQEQPVCPUNQRWNUCTNCVGENC


/GP%QPVCFQTGU
2CPGNFGEQPVTQN
(WPEKP
2CTCKPXQECT
.CUJQTCUFGHWPEKQPCOKGPVQ
.CUJQTCUFGECTIC
'NPOGTQFGCTTCPSWGUFGNOQVQT
'NPOGTQFGJQTCUSWGGNTGIWNCFQT
OFWNQJCGUVCFQDCLQVGPUKP
'NPOGTQFGEKENQUFGECTIC
2TQEGFKOKGPVQ
2WNUGNCVGENC /GP
(
JCUVCSWGNCQREKP %QPVCFQTGU XC[CUGIWKFCFGWPCHNGEJC
JQTK\QPVCN
RCTCCEVKXCTGNOGP
#NRWNUCTNCVGENCEQPHNGEJC
UGRWGFGPGPEQPVTCTNQUFCVQUOGPEKQPCFQUCPVGTKQTOGPVG
'LGORNQFGWPCRCPVCNNC%QPVCFQTGU
*QTCU(PEVQ
JTU
JTU

/GP
(
(
(


/GP2TWGDC
2CPGNFGEQPVTQN
(WPEKP
.NGXCTCECDQWPCRTWGDCFGFKURNC[GUFGEKTEQORTQDCTUKGNFKURNC[[NQU.'&UKIWGPKPVCEVQU
2CTCEQORTGUQTGUEQP'9&
FKURQUKVKXQUFGFTGPCLGGNGEVTPKEQEQORTQDCTGN'9&
2TQEGFKOKGPVQ
2WNUGNCVGENC /GP
(
JCUVCSWGNCQREKP 2TWGDC XC[CUGIWKFCFGWPCHNGEJCJQTK\QPVCN

.CQREKP 2TQDCTRCPVCNNC UGTUGIWKFCFGWPCHNGEJCJQTK\QPVCN
2CTCRTQDCTGNFKURNC[RWNUGNCVGENC
&WTCPVGNCRTWGDCGNTGIWNCFQTIGPGTCTWPCUGTKGFG
RCVTQPGUGPGNFKURNC[SWGRGTOKVGPCNWUWCTKQEQORTQDCTSWGECFCRZGNHWPEKQPCCPFGHQTOC
PQTOCNNQU.'&UGGPEKGPFGPCNCXG\
2CTCRTQDCTNQUFKURQUKVKXQUGNGEVTPKEQUFGFTGPCLGFGCIWCRWNUGNCVGENCEQPHNGEJCCDCLQJCUVCSWG
NCQREKP 2WTICGNGEVTP CRCTG\ECUGIWKFCFGWPCHNGEJCJQTK\QPVCN
RCTCCEVKXCTGNOGP
2WNUGNCVGENC #TTCPSWG 8GTKHKSWGSWGUGCDTGNCXNXWNCRCTCFGUECTICTEQPFGPUCFQ5WGNVGNCVGENC
#TTCPSWG FGURWUFGNCRTWGDC
2WNUGNCVGENC #VT RCTCXQNXGTCNOGPCPVGTKQT
2WNUGNCVGENC /GP
(RCTCXQNXGTCNUWDOGP

/GP/QFKHKECEKPFGRCTOGVTQU
(WPEKP
/QFKHKECTWPPOGTQFGCLWUVGURTQITCOCDNGU
2CTOGVTQU
XCUGNCUGEEKP/QFKHKECTRCTOGVTQU
2TQVGEEKQPGU
XCUGNCUGEEKP/QFKHKECTRTQVGEEKQPGU
#LWUVGUFGRNCPGUFGUGTXKEKQ
XCUGNCUGEEKP/QFKHKECTNQUCLWUVGUFGRNCPGUUGTXKEKQ

#LWUVGUFGNCHWPEKPFGTGNQL
XCUGNCUGEEKP/QFKHKECTNQUCLWUVGUFGNCHWPEKPFGTGNQL
#LWUVGUFGEQPHKIWTCEKP
XCUGNCUGEEKP/QFKHKECTNQUCLWUVGUFGEQPHKIWTCEKP

/QFKHKECEKPFGRCTOGVTQU
2CPGNFGEQPVTQN
(WPEKP
/QFKHKECTWPPOGTQFGRCTOGVTQU%QPUWNVGGNHNWLQFGOGPUGPNCUGEEKP2TQITCOCUFGEQPVTQN
2TQEGFKOKGPVQ
2WNUGNCVGENC /GP
(
JCUVCSWG /QFKHKERCTOGV XC[CUGIWKFCFGWPCHNGEJCJQTK\QPVCN

'NRTKOGTEQORQPGPVG 2CTOGVTQU CRCTGEGTUGIWKFQFGWPCHNGEJCJQTK\QPVCN
UGOQUVTCTPGNRTKOGTEQORQPGPVG 2TGUKPECTIC [UWCLWUVG
JCUVCSWGGNRCTOGVTQSWGUGXCCOQFKHKECTCRCTG\ECUGIWKFQFG
WPCHNGEJCJQTK\QPVCN
/QFKHKECTRTGUKQPGUFGECTIC[FGUECTIC
5KCUUGFGUGCGNQRGTCFQTRWGFGRTQITCOCTFQUDCPFCUFGRTGUKP
DCPFC[DCPFCEQPRTGUKQPGU
FGECTIC[FGUECTICFKHGTGPVGU.QUCLWUVGURCTCNCDCPFCXCPKPFKECFQU 2TGUKPECTIC [ 2TGUKP
FGUECTI NQUCLWUVGURCTCNCDCPFCXCPKPFKECFQU 2TGUECTIC [ 2TGUFGUECTIC
'LGORNQ
2CTCNCDCPFCFGRTGUKP
2TGUKPFGECTICDCT
2TGUKPFGFGUECTICDCT
2CTCNCDCPFCFGRTGUKP
2TGUKPFGECTICDCT
2TGUKPFGFGUECTICDCT
2TQEGFKOKGPVQ

%QPUWNVGNCUGEEKP2TQEGFKOKGPVQCPVGTKQTRCTCUGNGEEKQPCTNC 2TGUKPECTIC
2TGUKPFGECTIC
DCT

/GP
/QF
(
(
(
.CRCPVCNNCKPFKECSWGGNCLWUVGEQTTKGPVGGUFGDCT
G2CTCOQFKHKECTGNCLWUVGRWNUGNCVGENC
/QF
(RCTRCFGCTGNCLWUVG
%QPC[WFCFGNCVGENC .O
(UGRWGFGPGPEQPVTCTNCUNKOKVCEKQPGURCTCGNRCTOGVTQ
%CODKGGNCLWUVGEQPC[WFCFGNCUVGENCUFGFGURNC\COKGPVQ

2WNUGNCVGENC 2TQI
(RCTCRTQITCOCTGNPWGXQCLWUVGQNCVGENC %CPE
(RCTCECPEGNCTGN
RTQEGFKOKGPVQFGOQFKHKECEKP
'NRTQEGFKOKGPVQRCTCOQFKHKECTNC2TGUKPFGFGUECTICGURCTGEKFQ
5KGUPGEGUCTKQTGRKVCGNRTQEGFKOKGPVQRCTCNCDCPFCFGRTGUKP
'NRTQEGFKOKGPVQRCTCOQFKHKECTQVTQURCTOGVTQUGURCTGEKFQ
'NTGIWNCFQTUGPGICTCCEGRVCTPWGXQUXCNQTGUHWGTCFGNQUNOKVGU2WNUGNCVGENC .KO
RCTCEQORTQDCTNCUNKOKVCEKQPGUFGNRCTOGVTQ%QPUWNVG#LWUVGURTQITCOCDNGURCTC
EQPQEGTNQUCLWUVGUOUKORQTVCPVGU

/QFKHKECEKPFGNQUCLWUVGUFGRTQVGEEKP
2CPGNFGEQPVTQN
(WPEKP
/QFKHKECTCLWUVGUFGRTQVGEEKP
2CTCFCFGCNCTOC
2TF RQTGLGORNQRCTCNCVGORGTCVWTCFGUCNKFCFGNGNGOGPVQEQORTGUQT
2TFC RQTGLGORNQRCTCNCVGORGTCVWTCFGUCNKFCFGNGNGOGPVQ
EQORTGUQT
#XKUQFGUGTXKEKQ
5GTX RQTGLGORNQRCTCNCECFCFGRTGUKPOZKOCUQDTGGNUGRCTCFQTFGCEGKVG

%QORTQDCTCNIWPCUEQPFKEKQPGUFGNEQORTGUQTRGLGNGUVCFQFGNQUEQPVCEVQUFGUQDTGECTICFGNOQVQT
#NIWPQURCTOGVTQUPQRWGFGPOQFKHKECTUG
2TQEGFKOKGPVQ
2WNUGNCVGENC /GP
(

JCUVCSWGNCQREKP 2TQVGEEKQPGU XC[CUGIWKFCFGWPCHNGEJC
JQTK\QPVCN
UGOQUVTCTPGNRTKOGTEQORQPGPVG[UWCLWUVG
JCUVCSWGGNEQORQPGPVGSWGUGXCCOQFKHKECTXC[CUGIWKFQFG
WPCHNGEJCJQTK\QPVCN[CEQPVKPWCEKPRWNUGNCVGENCFGVCDWNCEKP

/QFKHKECTCLWUVGUFGVGORGTCVWTCFGNGNGOGPVQEQORTGUQT
%QPUWNVGNCUGEEKP2TQEGFKOKGPVQRCTCUGNGEEKQPCTGNRCTOGVTQ 5CNKFC'NGOGPVQ 'LGORNQ
5CNKFCGNGOGPVQ
u%

5JF/CZ
2TF/Z

/GP
/QF
(
(
(
.CRCPVCNNCOWGUVTCNCVGORGTCVWTCCEVWCN
u%[GNCLWUVGFGRCTCFCFGCNCTOC
u%2CTC
OQFKHKECTGUVGCLWUVGRWNUGNCVGENC /QF
(GNCLWUVGRCTRCFGCT
%QPC[WFCFGNCVGENC .O
(UGRWGFGPGPEQPVTCTNCUNKOKVCEKQPGURCTCGNRCTOGVTQ
%CODKGGNCLWUVGEQPC[WFCFGNCUVGENCUFGFGURNC\COKGPVQ

2WNUGNCVGENC 2TQI
(RCTCECPEGNCTGN
.CRCPVCNNCOWGUVTCWPCHNGEJCJQTK\QPVCNSWGKPFKECSWGGNXCNQTFGNCXKUQFGRCTCFCFGCNCTOCRWGFG
OQFKHKECTUG
GNRTQEGFKOKGPVQGUUKOKNCTCNCFGUETKREKPCPVGTKQT
'NRTQEGFKOKGPVQRCTCOQFKHKECTQVTQUEQORQPGPVGUGURCTGEKFQ2CTCCNIWPQUCLWUVGUGURQUKDNG
RTQITCOCTWPTGVTCUQ
'NTGIWNCFQTUGPGICTCCEGRVCTPWGXQUXCNQTGUHWGTCFGNQUNOKVGU2WNUGNCVGENC
.O RCTCEQORTQDCTNCUNKOKVCEKQPGUFGNRCTOGVTQ%QPUWNVG#LWUVGURTQITCOCDNGU
RCTCEQPQEGTNQUCLWUVGUOUKORQTVCPVGU


/QFKHKECEKPFGRNCPGUFGUGTXKEKQ
2CPGNFGEQPVTQN
(WPEKP
/QFKHKECTNQUKPVGTXCNQUFGJQTCURCTCNQUPKXGNGUFGUGTXKEKQ
2NCPGUFGUGTXKEKQ
.CUQRGTCEKQPGUFGUGTXKEKQSWGFGDGPTGCNK\CTUGXCPCITWRCFCUGPRNCPGUNNCOCFQU0KXGNFGUGTXKEKQ#
$%Q&#NCNECP\CTWPKPVGTXCNQCRCTGEGTWPCPQVKEKCGPNCRCPVCNNCSWGKPFKECSW2NCPGUFGUGTXKEKQ
FGDGPTGCNK\CTUG
%QPUWNVGUKGORTGCN%GPVTQFG5GTXKEKQCN%NKGPVGFG#VNCU%QREQRCTCOQFKHKECTGN
CLWUVGFGWPVGORQTK\CFQT.QUKPVGTXCNQUPQRWGFGPGZEGFGTNQUKPFKECFQUCDCLQ[
FGDGPEQKPEKFKTNIKECOGPVG
+PVGTXCNQURTQITCOCFQUFGRNCPGUFGUGTXKEKQ
2NCPGUFGUGTXKEKQ
+PVGTXCNQU
2NCPFGUGTXKEKQ#
%CFCJQTCUFGHWPEKQPCOKGPVQ
2NCPFGUGTXKEKQ$
2NCPFGUGTXKEKQ%
2NCPFGUGTXKEKQ&
'NTGIWNCFQTUGPGICTCCEGRVCTPWGXQUXCNQTGUHWGTCFGNQUNOKVGU2WNUGNCVGENC
.O RCTCEQORTQDCTNCUNKOKVCEKQPGUFGNRCTOGVTQ%QPUWNVG#LWUVGURTQITCOCDNGU
RCTCEQPQEGTNQUCLWUVGUOUKORQTVCPVGU

#EEKQPGUFGUGTXKEKQTGUWNVCPVGUSWGUGFGDGTPTGCNK\CT
#EEKQPGUFGUGTXKEKQ
EQPHQTOGC
%CFC
2NCPFGUGTXKEKQ#[$
JQTCUFGHWPEKQPCOKGPVQ
2NCPFGUGTXKEKQ#$[%
2NCPFGUGTXKEKQ#[$
2NCPFGUGTXKEKQ#$[%

2TQEGFKOKGPVQ
2WNUGNCVGENC /GP
(

JCUVCSWG 2NCPUGTXKEKQ XC[CUGIWKFCFGWPCHNGEJCJQTK\QPVCN
CRCTGEGTWPCRCPVCNNCRCTGEKFCCNCSWGUKIWG
6GORQTUGTXKEKQ
*QTCU(PEVQ
JTU

/GP
(
(
(
.CRCPVCNNCKPFKECNCUJQTCUFGHWPEKQPCOKGPVQCEVWCNGU
CRCTGEGTWPCRCPVCNNCRCTGEKFCCNCSWGUKIWG
6GORQTUGTXKEKQ
0KXGN#
JTU

/GP
/QF
(
(
(
.CRCPVCNNCKPFKECSWGGNPKXGNRCTCGN2NCPFGUGTXKEKQ#UGGPEWGPVTCCLWUVCFQCJQTCUFG
HWPEKQPCOKGPVQ
2WNUGNCVGENC /QF
(%QPC[WFCFGNCVGENC .O
(UGRWGFGPGPEQPVTCTNCUNKOKVCEKQPGURCTC
GNRCTOGVTQ%CODKGGNKPVGTXCNQEQPC[WFCFGNCUVGENCUEQPHNGEJCCTTKDC[HNGEJCCDCLQ
2WNUGNCVGENC 2TQI
(RCTCECPEGNCTGN
'NRTQEGFKOKGPVQRCTCOQFKHKECTNQURNCPGUFGUGTXKEKQ$%[&GUUKOKNCT


2TQITCOCT(WPEKPFGTGNQL
2CPGNFGEQPVTQN
(WPEKP
2CTCRTQITCOCT
/CPFQUETQPQNIKEQUFGCTTCPSWGRCTCFCRCTCGNEQORTGUQT
/CPFQUETQPQNIKEQUFGCNVGTPCEKPRCTCNCDCPFCFGRTGUKPFGNCTGF
2TQITCOCTOCPFQUFGCTTCPSWGRCTCFC[DCPFCFGRTGUKP
'PGNRTGUGPVGGLGORNQGNEQORTGUQTXCRTQITCOCFQFGNCOCPGTCUKIWKGPVG
'NNWPGUCNCUCTTCPECGPNCDCPFCFGRTGUKP
'NXKGTPGUCNCUEQPOWVCCNCDCPFCFGRTGUKP
'NUDCFQCNCURCTC
2WNUGNCVGENC /GP
(

JCUVCSWGNCQREKP (WPEKPTGNQL XC[CUGIWKFCFGWPCHNGEJC
JQTK\QPVCN
CRCTGEGTNCRCPVCNNCUKIWKGPVG
(WPEKPTGNQL
0QCEVKXCFQ

/GP
/QF
$QTT
(
(
(
UGOWGUVTCNCRCPVCNNCUKIWKGPVG

.WPGU
/CTVGU
/KTEQNGU
/GP
/QF
$QTT
(
(
(
7VKNKEGNCUVGENCUFGFGURNC\COKGPVQ
JCUVCSWGGNFCRCTCGNSWGFGDGRTQITCOCTUGWPOCPFQ
CRCTG\ECUGIWKFQFGWPCHNGEJCJQTK\QPVCN2WNUGNCVGENCFGVCDWNCEKP
UGOWGUVTCNCRCPVCNNC
UKIWKGPVG

/GP
/QF
$QTT
(
(
(
2WNUGNCVGENC /QF
(2CTRCFGCTPNCUFQURTKOGTCUTC[CU2WNUGNCUVGENCUFGFGURNC\COKGPVQ

RCTCKPVTQFWEKT2WNUGNCVGENCFGVCDWNCEKP
RCTCFGURNC\CTUGCNCUFQUTC[CUSWGUKIWGP2WNUG
NCUVGENCUFGFGURNC\COKGPVQRCTCKPVTQFWEKT2WNUGNCVGENCFGVCDWNCEKPRCTCFGURNC\CTUGCNCHKNC
FGTC[CU2WNUGNCUVGENCUFGFGURNC\COKGPVQRCTCKPVTQFWEKTGNOCPFQ #TTCPSWG
2WNUGNCVGENC 2TQI RCTCRTQITCOCTGNOCPFQ #TTCPSWG
NCHNGEJCJQTK\QPVCNKPFKECSWGUGRWGFGCEEGFGTCNCUGIWPFC
NPGC2WNUGNCVGENC /QF [OQFKHKSWGGUVCNPGCFGOCPGTCUKOKNCTCNCUKIWKGPVGNPGCFGEQOCPFQ
$CPFCFGRTGUKP
2WNUGNCVGENC /GP
([FGURNEGUGC 8KGTPGU
,WGXGU
8KGTPGU
5DCFQ
/GP
(
$QTT
(
(
.CRTQITCOCEKPFGNOCPFQRCTCEQPOWVCTCNCUCNC$CPFCFGRTGUKPUGTGCNK\CFGOCPGTC
RCTGEKFCCNCFGUETKVCCTTKDC
2WNUGNCVGENC /GP
([FGURNEGUGC 5DCFQ 5GRTQITCOCGNOCPFQFGRCTCFCCNCUFG
WPOQFQUKOKNCTCNFGUETKVQCPVGTKQTOGPVG
#EVKXCTFGUCEVKXCTGNVGORQTK\CFQT
'NVGORQTK\CFQTRWGFGCEVKXCTUGPKECOGPVGUKUGGPEWGPVTCRTQITCOCFQCNOGPQUWPOCPFQFG
CTTCPSWGRCTCFC
'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCNRWNUGNCVGENC /GP
(
RCTCCEVKXCTGNOGP
JQTK\QPVCN[CEQPVKPWCEKPRWNUGNCVGENCFGVCDWNCEKP

(WPEKPTGNQL
0QCEVKXCFQ

/GP
/QF
$QTT
(
(
(
2WNUGNCVGENC/QF0QCEVKXCFQGORKG\CCRCTRCFGCT
0QCEVKXCFQ ECODKCC #EVKXCFQ
2WNUGNCVGENC 2TQI
'URTGEKUQRTQITCOCTNQUOCPFQUFGCTTCPSWGRCTCFCGPQTFGPETQPQNIKEQ*C[SWG
RTQITCOCTNQUOCPFQUFGNWPGUCFQOKPIQRGL
#TTCPSWGFGNEQORTGUQT
$CPFCFGRTGUKP
$CPFCFGRTGUKP
2CTCFCFGNEQORTGUQT
#UGITGUGSWGGUVCEVKXCFCNCHWPEKPFGNVGORQTK\CFQT
#EVKXCFQ 'PECUQ
PGICVKXQPQUGEWORNKTPNQUOCPFQUFGCTTCPSWGRCTCFCRTQITCOCFQU
'URQUKDNGXQNXGTCFGUCEVKXCTGNVGORQTK\CFQT'PVCNECUQGNTGIWNCFQTPQEWORNKTNQU
OCPFQUFGCTTCPSWGRCTCFCRTQITCOCFQU
UKPGODCTIQUGEQPUGTXCTPGPNCOGOQTKC
FGNTGIWNCFQT
/QFKHKECEKPFGWPOCPFQ
5WRQPICOQUSWGFGDGOQFKHKECTUGGNOCPFQFGRCTCTGNEQORTGUQTGNUDCFQCNCURGLRCTC
RCTCTCNCUGPXG\FGCNCU
'ORG\CPFQGPNC2CPVCNNCRTKPEKRCNRWNUGNCVGENC /GP
(RWNUGNCVGENCEQPHNGEJCCDCLQ

JCUVCSWGNCQREKP/QFKHKERCTOGVXC[CUGIWKFCFGWPCHNGEJCJQTK\QPVCN

JQTK\QPVCN2WNUGNCVGENCFGVCDWNCEKPUGOWGUVTCNCRCPVCNNCUKIWKGPVG
(WPEKPTGNQL
0QCEVKXCFQ

/GP
/QF
$QTT
(
(
(
.WPGU
/CTVGU
/KTEQNGU
/GP
(

$QTT
(
(
&GURNEGUGRQTGNFKURNC[JCUVCSWG 5DCFQ XC[CUGIWKFQFGWPCHNGEJCJQTK\QPVCN2WNUGNCVGENCFG

VCDWNCEKP
5KGUPGEGUCTKQFGURNEGUGRQTNQUOCPFQUJCUVCSWGCRCTG\ECGNOCPFQSWGUGXCC
OQFKHKECTUGIWKFQFGWPCHNGEJCJQTK\QPVCN2WNUGNCVGENC /QF GORKG\CPCRCTRCFGCTNQUFQU
RTKOGTQUFIKVQUFGNOCPFQ/QFKHKSWGEQOQNQPGEGUKVGOGFKCPVGNCUVGENCUFGFGURNC\COKGPVQGU
FGEKTECODKGCEQPNCVGENCEQPHNGEJCCTTKDC

5KGURTGEKUQRWNUGNCVGENCFGVCDWNCEKP
RCTCRCUCTCNECORQUKIWKGPVGSWGFGDGOQFKHKECTUGNC
KPFKECEKPFGNQUOKPWVQU[CTTCPSWGRCTCFCDCPFCFGRTGUKP
2WNUGNCVGENC 2TQI RCTCRTQITCOCTGNPWGXQOCPFQQNCVGENC %CPE RCTCUCNKTUKPTGRTQITCOCT
#CFKTWPOCPFQCNHKPCNFGWPCNKUVCGZKUVGPVG
(RWNUGNCVGENCEQPHNGEJCCDCLQ

JCUVCSWGNCQREKP/QFKHKERCTOGVXC[CUGIWKFCFGWPCHNGEJCJQTK\QPVCN

(WPEKPTGNQL
0QCEVKXCFQ

/GP
/QF
$QTT
(
(
(
5WRQPICOQUSWGFGDGCCFKTUGCNCNKUVCFGNNWPGUGNOCPFQFGRCTCTGNEQORTGUQTCNCU
.WPGU
/CTVGU
/KTEQNGU
/GP
(
$QTT
(
(
&GURNEGUGRQTGNFKURNC[JCUVCSWG .WPGU XC[CUGIWKFQFGWPCHNGEJCJQTK\QPVCN2WNUGNCVGENCFG

VCDWNCEKP
&GURNEGUGRQTNQUOCPFQUFGCTTCPSWGRCTCFCDCPFCFGRTGUKPFGNEQORTGUQTJCUVC
SWGNCRTKOGTCNPGCFGOCPFQUXCECUGGPEWGPVTGKPFKECFCRQTNCHNGEJCJQTK\QPVCN
2WNUGNCVGENC /QF NQUFQURTKOGTQUFIKVQUGORKG\CPCRCTRCFGCT+PVTQFW\EC 2CTCFCFGN
EQORTGUQT EQPC[WFCFGNCUVGENCUFGFGURNC\COKGPVQ
RCTCOQFKHKECTWPECORQ[NCVGENCFG
VCDWNCEKP
RCTCFGURNC\CTUGFGWPECORQCQVTQ
2WNUGNCVGENC 2TQI RCTCRTQITCOCTGNPWGXQOCPFQQNCVGENC %CPE RCTCUCNKTUKPTGRTQITCOCT
#CFKTWPOCPFQGPVTGFQUOCPFQUGZKUVGPVGU
5WRQPICOQUGNOCPFQ $CPFCFGRTGUKP FGDGCCFKTUGCNCNKUVCSWGUKIWG
#TTCPECTEQORTGUQT
$CPFCFGRTGUKP
2CTCTEQORTGUQT
'NTGIWNCFQTUGPKGICCCEGRVCTWPPWGXQOCPFQSWGUGUKVCCPVGUFGNNVKOQOCPFQFGNCNKUVC

&GURNEGUGRQTGNFKURNC[JCUVCSWGGNOCPFQCPVGUFGNEWCNFGDGKPVTQFWEKTUGGNPWGXQXC[CUGIWKFQFG
NCHNGEJCJQTK\QPVCN
GPGNGLGORNQCTTKDC2CTCTEQORTGUQT[RWNUGNCVGENC /QF
%CODKGFKEJQOCPFQCNPWGXQOCPFQ
GPGNGLGORNQCTTKDC $CPFCFGRTGUKP
2WNUGNCVGENCEQPHNGEJCCDCLQ[CCFCGNNVKOQEQOCPFQFGNCNKUVC
GPGNGLGORNQUWRGTKQT
2CTCTEQORTGUQT [CEQPVKPWCEKPRWNUGNCVGENC 2TQI
$QTTCTWPOCPFQ
(RWNUGNCVGENCEQPHNGEJCCDCLQJCUVC
SWGNCQREKP /QFKHKERCTOGV XC[CUGIWKFCFGWPCHNGEJCJQTK\QPVCN

2WNUGNCUVGENCUFGFGURNC\COKGPVQ
(WPEKPTGNQL
0QCEVKXCFQ

/GP
/QF
$QTT
(
(
(
$QTTCTVQFQUNQUOCPFQU
2WNUGNCVGENC $QTT GPNCRCPVCNNCCTTKDC#RCTGEGTWPCRTGIWPVCRCTCSWGEQPHKTOGNCQRGTCEKPFG
DQTTCT
$QTTCTVQFQUNQUOCPFQUFGWPFCGURGEHKEQ
&GURNEGUGRQTGNFKURNC[JCUVCSWGGNFCSWGNGKPVGTGUGCRCTG\ECUGIWKFQFGWPCHNGEJCJQTK\QPVCN
2WNUGNCVGENC $QTT CRCTGEGTWPCRTGIWPVCRCTCSWGEQPHKTOGNCQRGTCEKPFGDQTTCT
$QTTCTWPOCPFQGURGEHKEQ
&GURNEGUGRQTNCRCPVCNNCJCUVCSWGNCNPGCFGOCPFQSWGSWKGTCUWRTKOKTXC[CUGIWKFCFGWPC
HNGEJCJQTK\QPVCN2WNUGNCVGENC $QTT CRCTGEGTWPCRTGIWPVCRCTCSWGEQPHKTOGNCQRGTCEKPFG
DQTTCT

/QFKHKECEKPFGCLWUVGUFGEQPHKIWTCEKP
2CPGNFGEQPVTQN

(WPEKP
/QFKHKECTWPPOGTQFGRCTOGVTQU%QPUWNVGGNHNWLQFGOGPUGPNCUGEEKP2TQITCOCUFGEQPVTQN
2TQITCOCUFGEQPVTQN
2TQEGFKOKGPVQ
2WNUGNCVGENC /GP
(
JCUVCSWG /QFKHKERCTOGV XC[CUGIWKFCFGWPCHNGEJCJCEKCNC
FGTGEJC

JCUVCSWG %QPHKIWTCEKP XC[CUGIWKFCFGWPCHNGEJCJQTK\QPVCN
CRCTGEGTGNRTKOGTEQORQPGPVG *QTC 5KUG
FGUGCQVTCQREKPFGURNEGUGRQTGNFKURNC[JCUVCSWGNCQREKPXC[CUGIWKFCFGWPCHNGEJC
JQTK\QPVCN5GNGEEKQPGNCQREKPRWNUCPFQNCVGENCFGVCDWNCEKP

2CTCNCQREKP *QTC NCUGIWPFCNPGCGPNCRCPVCNNCKPFKECGNCLWUVGCEVWCNRGL 2CTC
OQFKHKECTGNCLWUVGRWNUGNCVGENC /QF
(GNRTKOGTECORQ RCTRCFGCT
7VKNKEGNCUVGENCUFGFGURNC\COKGPVQ
RCTCECODKCTGNCLWUVG[FGURWURWNUGNCVGENCFGVCDWNCEKP
RCTCKTCNECORQUKIWKGPVG #JQTCUGRWGFGOQFKHKECTGNCLWUVGFGFKEJQECORQEQPC[WFCFG
NCUVGENCUFGFGURNC\COKGPVQ

2WNUGNCVGENC 2TQI
(RCTCRTQITCOCTGNXCNQTPWGXQQNCVGENC %CPE
(RCTCECPEGNCTNC
QRGTCEKPFGOQFKHKECEKP
UGEQPUGTXCTGNXCNQTQTKIKPCN
'NRTQEGFKOKGPVQRCTCOQFKHKECTQVTQURCTOGVTQUGURCTGEKFQ

2TQITCOCTOQFQUFGEQPVTQNFGNEQORTGUQT
2CPGNFGEQPVTQN
/QFQUFGEQPVTQNFGNEQORTGUQT
'NEQORTGUQTRWGFGKTEQPVTQNCFQNQECNOGPVGCFKUVCPEKCQCVTCXUFGNCTGFFGTGCNQECN
.#0
2TQEGFKOKGPVQ
2WNUGNCVGENC /GP
(

JCUVCSWG /QFKHKERCTOGV XC[CUGIWKFCFGWPCHNGEJCJCEKCNC
FGTGEJC

JCUVCSWG %QPHKIWTCEKP XC[CUGIWKFCFGWPCHNGEJCJQTK\QPVCN
CRCTGEGTGNRTKOGTEQORQPGPVG *QTC
&GURNEGUGRQTGNFKURNC[EQPC[WFCFGNCUVGENCUFGFGURNC\COKGPVQ
JCUVCSWGNCQREKP %%/
XC[CUGIWKFCFGWPCHNGEJCJQTK\QPVCN[UGNGEEKPGNCEQPNCVGENCFGVCDWNCEKP
#RCTGEGTNC
RCPVCNNCUKIWKGPVG
%%/
%QPVTQNNQECN

/GP
/QF
(
(
(
2WNUGNCVGENC /QF [UGNGEEKQPGGNOQFQFGEQPVTQNFGUGCFQEQPC[WFCFGNCUVGENCUFG

FGURNC\COKGPVQ
2WNUGNCVGENC 2TQI RCTCRTQITCOCTQNCVGENC %CPE RCTCECPEGNCTNC
OQFKHKECEKP

/GP5GTXKEKQ
2CPGNFGEQPVTQN
(WPEKP
4GCTOCTNQURNCPGUFGUGTXKEKQEQPENWKFQU
%QORTQDCTNQURNCPGUFGUGTXKEKQRQTTGCNK\CT
$WUECTNQURNCPGUFGUGTXKEKQTGCNK\CFQUEQPCPVGTKQTKFCF
2NCPGUFGUGTXKEKQ
#NIWPCUQRGTCEKQPGUFGUGTXKEKQGUVPCITWRCFCU
[TGEKDGPGNPQODTGFG0KXGN#0KXGN$GVE%CFC
PKXGNCDCTECWPPOGTQFGQRGTCEKQPGUFGUGTXKEKQSWGFGDGPNNGXCTUGCECDQCNQUKPVGTXCNQUFGVKGORQ
RTQITCOCFQUGPGNTGIWNCFQT'NGMVTQPKMQP
%WCPFQUGCNECPEGGNKPVGTXCNQFGNRNCPFGUGTXKEKQUGOQUVTCTWPCPQVKEKCGPNCRCPVCNNCXCUGNC
UGEEKP&CVQUFGGUVCFQ&GURWUFGTGCNK\CTNCUCEEKQPGUFGUGTXKEKQTGNCVKXCUCNQUPKXGNGUKPFKECFQU
GUPGEGUCTKQTGCTOCTNQUVGORQTK\CFQTGU

'LGORNQ
2NCPGUFGUGTXKEKQ
+PVGTXCNQU
2NCPFGUGTXKEKQ#
2NCPFGUGTXKEKQ$
2NCPFGUGTXKEKQ%
2NCPFGUGTXKEKQ&
#EEKQPGUFGUGTXKEKQEQPHQTOGC
%QP
2NCPFGUGTXKEKQ#[$
2NCPFGUGTXKEKQ#$[%
2NCPFGUGTXKEKQ#[$
2NCPFGUGTXKEKQ#$[%

2TQEGFKOKGPVQ
2WNUGNCVGENC /GP
(
JCUVCSWGNCQREKP 5GTXKEKQ XC[CUGIWKFCFGWPCHNGEJC
JQTK\QPVCN

#RCTGEGWPCRCPVCNNCRCTGEKFCCNCSWGUGOWGUVTCCDCLQ
6GORQTUGTXKEKQ
*QTCU(PEVQ
JTU

/GP
(
(
(
.CRCPVCNNCOWGUVTCGNVKGORQFGHWPEKQPCOKGPVQVQVCNFGNEQORTGUQTJTU
5KIWKGVGORQTK\
0KXGN
#$%
JTU

#VT
4GCT
(
(
(
.CRCPVCNNCOWGUVTCSWGNQUUKIWKGPVGURNCPGUFGUGTXKEKQSWGFGDGPTGCNK\CTUGUQPNQURNCPGU#$[%
[SWGFGDGPTGCNK\CTUGECFCJQTCUFGHWPEKQPCOKGPVQ
RCTCEQPQEGTSWRNCPGUFGUGTXKEKQUGTGCNK\CTQPCPVGTKQTOGPVG

6GORQTCPVGTKQT
0KXGN
#$
JTU

(
(
(
.CRCPVCNNCOWGUVTCSWGNQURNCPGUFGUGTXKEKQ#[$UGTGCNK\CTQPCNCUJQTCUFG
HWPEKQPCOKGPVQ
2CTGGNEQORTGUQTFGUEQPGEVGGNXQNVCLG[NNGXGCECDQNCUCEEKQPGUFGUGTXKEKQTGNCEKQPCFQUEQPNQU
RNCPGU#$[%EQPUWNVGNCUGEEKP2TQITCOCFGOCPVGPKOKGPVQRTGXGPVKXQ
%QPGEVGNCCNKOGPVCEKP[FGURNEGUGCNCRCPVCNNCFGUGTXKEKQ 5KIWKGVGORQTK\
2WNUGGNDQVP 4GCT
(%QPHKTOGNCRTGIWPVCFGTGCTOCT
'NDQVP 4GCT UNQCRCTGEGEWCPFQUGJC[CCNECP\CFQECUKGNPKXGN 5KIWKGVGORQTK\
&GURWUFGRWNUCTNCVGENCEQPHNGEJCCDCLQGPNCRCPVCNNC 6GORQTUGTXKEKQ UG
OWGUVTCPNCUJQTCUFG 8KFCVKN GUFGEKTGNPOGTQFGJQTCURCUCFCUFGUFGNC
RTQITCOCEKPKPKEKCNGPNCHDTKEC'NVGORQTK\CFQTPQUGVQOCGPEWGPVC

/GP&CVQUIWCTFCFQU
2CPGNFGEQPVTQN
(WPEKP
+PXQECTCNIWPQUFCVQUFGNEQORTGUQTIWCTFCFQURQTGNTGIWNCFQT'UVQUFCVQUUQP
&CVQUFGNVKOCRCTCFCFGCNCTOC
&CVQUFGNVKOCRCTCFCFGGOGTIGPEKC
2TQEGFKOKGPVQ
2WNUGNCVGENC /GP
(
JCUVCSWG &CVQUIWCTFCFQU XC[CUGIWKFCFGWPCHNGEJC
JQTK\QPVCN
RCTCCEVKXCTGNOGP

5GOWGUVTCNCNKUVCFGNCUNVKOCURCTCFCUFGCNCTOC[GOGTIGPEKC
&GURNEGUGRQTNQUEQORQPGPVGU[UGNGEEKQPGGNEQORQPGPVGFGUGCFQFGRCTCFCFGCNCTOCQ
GOGTIGPEKC
RCTCGPEQPVTCTNCHGEJCNCJQTC[QVTQUFCVQUSWGTGHNGLCPGNGUVCFQ
FGNEQORTGUQTFWTCPVGNCNVKOCRCTCFCFGCNCTOC

#LWUVGURTQITCOCDNGURCTC)#C)#%
2CTOGVTQURTGUKQPGUFGFGUECTICECTICRCTC)#9QTMRNCEG
#LWUVG
OPKOQ
#LWUVGFG
HDTKEC
#LWUVG
OZKOQ
2TGUKPFGFGUECTIC
EQORTGUQTGUFG DCT
G
DCT

2TGUKPFGFGUECTIC
EQORTGUQTGUFG RUKI
DCT

2TGUKPFGFGUECTIC
EQORTGUQTGUFG DCT
G
DCT

2TGUKPFGFGUECTIC
EQORTGUQTGUFG RUKI
DCT

2TGUKPFGFGUECTIC
EQORTGUQTGUFG DCT
G
DCT

2TGUKPFGFGUECTIC
EQORTGUQTGUFG RUKI
DCT

2TGUKPFGFGUECTIC
EQORTGUQTGUFG
RUK
DCT
G

2TGUKPFGFGUECTIC
EQORTGUQTGUFG
RUK
RUKI

2TGUKPFGFGUECTIC
EQORTGUQTGUFG
RUK
DCT
G

2TGUKPFGFGUECTIC
EQORTGUQTGUFG
RUK
RUKI

2TGUKPFGFGUECTIC
EQORTGUQTGUFG
RUK
DCT
G

2TGUKPFGFGUECTIC
EQORTGUQTGUFG
RUK
RUKI

2TGUKPFGFGUECTIC
EQORTGUQTGUFG
RUK
DCT
G

2TGUKPFGFGUECTIC
EQORTGUQTGUFG
RUK
RUKI

2TGUKPFGECTIC
EQORTGUQTGUFG
DCT
DCT
G

2TGUKPFGECTIC
EQORTGUQTGUFG
DCT
RUKI

2TGUKQPGUFGFGUECTIC
2TGUKQPGUFGECTIC

#LWUVG
OPKOQ
#LWUVGFG
HDTKEC
#LWUVG
OZKOQ
2TGUKPFGECTIC
EQORTGUQTGUFG
DCT
DCT
G

2TGUKPFGECTIC
EQORTGUQTGUFG
DCT
RUKI

2TGUKPFGECTIC
EQORTGUQTGUFG
DCT
DCT
G

2TGUKPFGECTIC
EQORTGUQTGUFG
DCT
RUKI

2TGUKPFGECTIC
EQORTGUQTGUFG
RUK
DCT
G

2TGUKPFGECTIC
EQORTGUQTGUFG
RUK
RUKI

2TGUKPFGECTIC
EQORTGUQTGUFG
RUK
DCT
G
2TGUKPFGECTIC
EQORTGUQTGUFG
RUK
RUKI

2TGUKPFGECTIC
EQORTGUQTGUFG
RUK
DCT
G

2TGUKPFGECTIC
EQORTGUQTGUFG
RUK
RUKI

2TGUKPFGECTIC
EQORTGUQTGUFG
RUK
DCT
G

2TGUKPFGECTIC
EQORTGUQTGUFG
RUK
RUKI

#LWUVG
OPKOQ
#LWUVGFG
HDTKEC
#LWUVG
OZKOQ
2TGUKPFGFGUECTIC
EQORTGUQTGUFG DCT
G
DCT

2TGUKPFGFGUECTIC
EQORTGUQTGUFG RUKI
DCT

2TGUKPFGFGUECTIC
EQORTGUQTGUFG DCT
G
DCT

2TGUKPFGFGUECTIC
EQORTGUQTGUFG RUKI
DCT

2TGUKPFGFGUECTIC
EQORTGUQTGUFG DCT
G
DCT

2TGUKPFGFGUECTIC
EQORTGUQTGUFG RUKI
DCT

2TGUKPFGFGUECTIC
EQORTGUQTGUFG
RUK
DCT
G

2TGUKPFGFGUECTIC
EQORTGUQTGUFG
RUK
RUKI

2CTOGVTQURTGUKQPGUFGFGUECTICECTICRCTC)#9QTMRNCEG((EQP+(&
2TGUKQPGUFGFGUECTIC

#LWUVG
OPKOQ
#LWUVGFG
HDTKEC
#LWUVG
OZKOQ
2TGUKPFGFGUECTIC
EQORTGUQTGUFG
RUK
DCT
G

2TGUKPFGFGUECTIC
EQORTGUQTGUFG
RUK
RUKI

2TGUKPFGFGUECTIC
EQORTGUQTGUFG
RUK
DCT
G

2TGUKPFGFGUECTIC
EQORTGUQTGUFG
RUK
RUKI

2TGUKPFGFGUECTIC
EQORTGUQTGUFG
RUK
DCT
G

2TGUKPFGFGUECTIC
EQORTGUQTGUFG
RUK
RUKI

2TGUKPFGECTIC
EQORTGUQTGUFG
DCT
DCT
G

2TGUKPFGECTIC
EQORTGUQTGUFG
DCT
RUKI

2TGUKPFGECTIC
EQORTGUQTGUFG
DCT
DCT
G

2TGUKPFGECTIC
EQORTGUQTGUFG
DCT
RUKI

2TGUKPFGECTIC
EQORTGUQTGUFG
DCT
DCT
G

2TGUKPFGECTIC
EQORTGUQTGUFG
DCT
RUKI

2TGUKPFGECTIC
EQORTGUQTGUFG
RUK
DCT
G

2TGUKPFGECTIC
EQORTGUQTGUFG
RUK
RUKI

2TGUKPFGECTIC
EQORTGUQTGUFG
RUK
DCT
G

2TGUKPFGECTIC
EQORTGUQTGUFG
RUK
RUKI

2TGUKPFGECTIC
EQORTGUQTGUFG
RUK
DCT
G

2TGUKPFGECTIC
EQORTGUQTGUFG
RUK
RUKI

2TGUKPFGECTIC
EQORTGUQTGUFG
RUK
DCT
G

2TGUKPFGECTIC
EQORTGUQTGUFG
RUK
RUKI

2TGUKQPGUFGECTIC

2CTOGVTQU
#LWUVG
OPKOQ
#LWUVGFG
HDTKEC
#LWUVG
OZKOQ
6KGORQFGHWPEKQPCOKGPVQGPGUVTGNNCFGN UGI
OQVQT

6KGORQFGTGVTCUQFGECTIC
GUVTGNNC
VTKPIWNQ
UGI

0OGTQFGCTTCPSWGUFGNOQVQT
CTTCPSWGUFC

6KGORQFGRCTCFCOPKOQ
UGI

6KGORQFGRCTCFCRTQITCOCFQ
UGI

6KGORQFGTGUVCDNGEKOKGPVQFGRQVGPEKC
#4#8(
UGI

4GVTCUQFGTGCTTCPSWG
UGI

6KGORQNOKVGFGEQOWPKECEKP
UGI

#LWUVG
OPKOQ
#LWUVGFG
HDTKEC
#LWUVG
OZKOQ
2TQVGEEKQPGU
EQORTGUQT
PKXGNFGCXKUQFGRCTCFCFG
CNCTOC
u%

EQORTGUQT
PKXGNFGCXKUQFGRCTCFCFG
CNCTOC
u(

EQORTGUQT
PKXGNFGRCTCFCFGCNCTOC
u%

EQORTGUQT
PKXGNFGRCTCFCFGCNCTOC
u(

#LWUVG
OPKOQ
#LWUVGFG
HDTKEC
#LWUVG
OZKOQ
2CTC)#C)#%
5GRCTCFQTFGCEGKVG
FKHGTGPEKCFG
RTGUKP
DCT
5GRCTCFQTFGCEGKVG
FKHGTGPEKCFG
RTGUKP
RUK

5GRCTCFQTFGCEGKVG
TGVTCUQCUGCN
UGI

#LWUVG
OPKOQ
#LWUVGFG
HDTKEC
#LWUVG
OZKOQ
2CTCEQORTGUQTGU(WNN(GCVWTGEQP+(&
VCODKP
4GVTCUQCNCUGCN
UGI

4GVTCUQCNCTTCPSWG
UGI

2NCPFGUGTXKEKQ
%QPUWNVGVCODKPNCUGEEKP2TQITCOCFGOCPVGPKOKGPVQRTGXGPVKXQ

%QPUWNVGC#VNCU%QREQUKJC[SWGECODKCTWPCLWUVGFGVGORQTK\CFQT.QUKPVGTXCNQUPQRWGFGPGZEGFGT
NQUKPVGTXCNQUPQOKPCNGU[FGDGPEQKPEKFKTNIKECOGPVG%QPUWNVGNCUGEEKP/QFKHKECEKPFG2NCPGUFG
UGTXKEKQ
#LWUVG
OPKOQ
#LWUVGFG
HDTKEC
2NCPFGUGTXKEKQ#
JQTCUFG
HWPEKQPCOKGPVQ
JQTCU

2NCPFGUGTXKEKQ$
JQTCUFG
HWPEKQPCOKGPVQ
JQTCU

2NCPFGUGTXKEKQ%
JQTCUFG
HWPEKQPCOKGPVQ
JQTCU

#LWUVG
OZKOQ
6GTOKPQNQIC
6TOKPQ
+PVGTRTGVCEKP
#4#8(
4GCTTCPSWGCWVQOVKEQFGURWUFGKPVGTTWREKPFGNXQNVCLG%QPUWNVGNCUGEEKP
6GORGTCVWTCFG
UCNKFCFGN
GNGOGPVQ
EQORTGUQT
'NTGIWNCFQTUGPGICTCCEGRVCTCLWUVGUKNIKEQURGLUKGNPKXGNFGCXKUQGUV
RTQITCOCFQCu%u(GNNOKVGOPKOQFGNPKXGNFGRCTCFCUGECODKCTC
u%u(.CFKHGTGPEKCTGEQOGPFCFCGPVTGGNPKXGNFGCXKUQ[GNPKXGNFGRCTCFC
FGCNCTOCGUFGu%u(
4GVTCUQCNC
'UGNRGTQFQFWTCPVGGNEWCNFGDGGZKUVKTNCUGCNCPVGUFGSWGUGRCTGGN
UGCNFGRCTCFC EQORTGUQT5KGUPGEGUCTKQSWGUGRTQITCOGGUVGCLWUVGCQVTQXCNQTEQPUWNVGC
FGCNCTOC
#VNCU%QREQ
5GRCTCFQTFG
CEGKVG
7VKNKEGPKECOGPVGUGRCTCFQTGUFGCEGKVGFG#VNCU%QREQ.COZKOCFKHGTGPEKCFG
RTGUKPTGEQOGPFCFCGUFGDCTRUK
6KGORQFG
'UGNRGTQFQFWTCPVGGNEWCNFGDGTGUVCDNGEGTUGGNXQNVCLGRCTCXQNXGTCCTTCPECT
TGUVCDNGEKOKGPVQ CWVQOVKECOGPVG#EEGUKDNGUKGUVCEVKXCFQGNTGCTTCPSWGCWVQOVKEQ%QPUWNVG
FGRQVGPEKC
4GIWNCFQT'NGMVTQPKMQP++2CTCCEVKXCTNCHWPEKPFGTGCTTCPSWGCWVQOVKEQEQPUWNVG
#VNCU%QREQ
6KGORQFG
RCTCFCOPKOQ
7PCXG\RCTCFQCWVQOVKECOGPVGGNEQORTGUQTSWGFCTRCTCFQRQTGNVKGORQ
OPKOQFGRCTCFC
UGIWPFQUCRTQZKOCFCOGPVGRCUGNQSWGRCUGEQPNCRTGUKP
FGNCTGFFGCKTG%QPUWNVGC#VNCU%QREQUKTGSWKGTGWPCLWUVGKPHGTKQTC
UGIWPFQU
2TGUKPFG
FGUECTICECTIC
'NTGIWNCFQTPQCEGRVCTCLWUVGUKNIKEQURGLUKNCRTGUKPFGFGUECTICGUV
RTQITCOCFCCDCT
GRUKIGNNOKVGOZKOQFGNCRTGUKPFGECTICUG
ECODKCTCDCT
GRUKI.COPKOCFKHGTGPEKCFGRTGUKPTGEQOGPFCFCGPVTG
ECTIC[FGUECTICGUFGDCTRUKI

5GRCTCFQTFGCEGKVGEQPFGPUCFQ15&

7PKFCF15&
5GRCTCFQTGUFGCEGKVGEQPFGPUCFQ
'NCKTGEQORTKOKFQSWGUCNGFGNQUEQORTGUQTGUKP[GEVCFQUFGCEGKVGEQPVKGPGCEGKVG&WTCPVGNC
TGHTKIGTCEKPFGGUVGCKTGUGHQTOCEQPFGPUCFQSWGEQPVKGPGCEGKVG.QU15%GUVPFKUGCFQURCTC
UGRCTCTNCOC[QTRCTVGFGGUVGCEGKVGFGNEQPFGPUCFQ[TGEQIGTNQGPWPEQNGEVQT'NEQPFGPUCFQEWORNG
VQFQUNQUTGSWKUKVQUFGNCNGIKUNCEKPOGFKQCODKGPVCN
5GRWGFGWVKNK\CTWP15&RCTCNQUOQFGNQUFGN)#CN)#%)#85&[)#85&
8KUVCIGPGTCNFG15&GLGORNQVRKEQ

4GHGTGPEKC
&GUKIPCEKP
4GEKRKGPVG
/CPOGVTQHKNVTQ
(KNVTQFGCEGKVG
%QNGEVQTFGCEGKVG
'PVTCFCFGEQPFGPUCFQ
&RFGHKNVTQ
5CNKFCFGEQPFGPUCFQNKORKQ
5CNKFCFGCEGKVG
%WDKGTVC
(WPEKQPCOKGPVQFG15&
'NEQPFGPUCFQSWGEQPVKGPGIQVCUFGCEGKVGRCUCRQTGNEQNCFQT
CVTCXUFGNHKNVTQ
GPGNSWGNCU
IQVCUUGWPGPHQTOCPFQIQVCUOC[QTGU'UVGCEGKVGUGEQPFWEGCNTGEKRKGPVGFGCIWC
FQPFGHNQVCC
ECWUCFGNCFKHGTGPEKCFGOCUCGURGEHKEC'NTGEKRKGPVGGUVFQVCFQFGFQUUCNKFCUKPFGRGPFKGPVGUWPC
RCTCEQPFGPUCFQ
SWGUGFKTKIGCNGZVGTKQTFGNCECTTQEGTC[QVTCRCTCGNCEGKVGUGRCTCFQ
SWG
SWGFCCVTCRCFQGPGNEQNGEVQT

+PUVCNCEKP
7DKECEKPFG15&
)#C)#%
2WPVQUFGFTGPCLGFGEQPFGPUCFQ
/QFGNQUFGN)#CN)#%[FGN)#85&CN)#85&
2TQEGFKOKGPVQ
2CTGGNEQORTGUQT[EKGTTGNCXNXWNCFGUCNKFCFGCKTG&GUEQPGEVGGNXQNVCLG&GURTGUWTKEGGN
UKUVGOCFGUCNKFCFGCKTGCDTKGPFQNCXNXWNCFGFTGPCLGOCPWCNFGEQPFGPUCFQ
&OEQPUWNVGNC
UGEEKP+PVTQFWEEKPRCTCEQPQEGTNCWDKECEKPFGNCXNXWNCFGFTGPCLG
#HNQLGGNVWDQFGFTGPCLGFGEQPFGPUCFQFGNEQNGEVQTFGNEQORTGUQTFGUFGUWCEQRNCOKGPVQ
&C
%QNQSWGGNMKVUGRCTCFQTEQOQUGOWGUVTC[HLGNQEQPRGTPQU

(KLGGNUQRQTVG
EQPRGTPQU

%QPGEVGGNVWDQFGFTGPCLGUWGNVQFGUFGGNRWPVQFGFTGPCLGFGEQPFGPUCFQ
&CJCUVCGNEQNCFQT
FGNUGRCTCFQT15&
.CECTTQEGTCFGNEQORTGUQTGUVFQVCFCFGWPQTKHKEKQEQPVCRP
&E'ZVTCKICGUVGVCRPGKPUVCNG
NQUCEQRNCOKGPVQUUWOKPKUVTCFQUEQPGNMKVUGRCTCFQT

%QPGEVGGNVWDQFGCIWC
CNNCFQRQUVGTKQTFGNCEQRNCOKGPVQ
&E&KTKLCGNVWDQHNGZKDNGFGUCNKFC
FGEQPFGPUCFQFGUFGGNCEQRNCOKGPVQ
&EJCEKCGNUKUVGOCFGFTGPCLGFGEQPFGPUCFQ
'ZVTCKICNCVCRC
[TGNNGPGGNTGEKRKGPVG
EQPCIWCJCUVCSWGUVCHNW[CCVTCXUFGNCUCNKFCFG
CIWCFGN15&
8WGNXCCKPUVCNCTNCVCRC

+PUVTWEEKQPGUFGHWPEKQPCOKGPVQ[OCPVGPKOKGPVQ
#PVGUFGNNGXCTCECDQEWCNSWKGTQRGTCEKPFGOCPVGPKOKGPVQTGRCTCEKPQCLWUVG
RTQEGFCFGNCUKIWKGPVGOCPGTC
2CTGGNEQORTGUQT
2WNUGGNDQVPFGRCTCFCFGGOGTIGPEKC
&GUEQPGEVGGNXQNVCLG
%KGTTGNCXNXWNCFGUCNKFCFGCKTG[CDTCNCXNXWNCFGFTGPCLGOCPWCNFGN
EQPFGPUCFQUKGZKUVG
&GURTGUWTKEGGNEQORTGUQT
2CTCQDVGPGTKPUVTWEEKQPGUFGVCNNCFCUEQPUWNVG5QNWEKPFGRTQDNGOCU
'NQRGTCFQTFGDGQDUGTXCTVQFCUNCU2TGECWEKQPGUFGUGIWTKFCFRGTVKPGPVGU
+PVGTKQTFG15&
#PVGUFGCTTCPECTEQORTWGDGSWGGNTGEKRKGPVG
GUVNNGPQ5KGUPGEGUCTKQXKGTVCCIWCGPGN
EQPFWEVQFGTGNNGPQ
JCUVCSWGHNW[CCVTCXUFGNVWDQ
8WGNXCCKPUVCNCTNCVCRC
&WTCPVGGNHWPEKQPCOKGPVQFGNEQORTGUQTUGCEWOWNCWPCECRCFGCEGKVGUQDTGGNPKXGNFGNCIWCFGN
TGEKRKGPVG
'PHWPEKPFGNCECRCEKFCFFGNEQORTGUQT[FGUWEKENQQRGTCVKXQNCJWOGFCFFGNCKTG
FGGPVTCFC[GNEQPVGPKFQFGCEGKVGFGNCKTGEQORTKOKFQRWGFGPRCUCTXCTKCUUGOCPCUQOGUGUCPVGU
FGSWGUGRWGFCQDUGTXCTWPPKXGNFGCEGKVGGPGNEQNGEVQT

2GTKFKECOGPVGEQORTWGDGSWGGNTGEKRKGPVG
GUVNNGPQ5KGUPGEGUCTKQXKGTVCCIWCGPGN
EQPFWEVQFGTGNNGPQ
JCUVCSWGHNW[CCVTCXUFGNVWDQ
/CPVGPICNCVCRCKPUVCNCFC

2WPVQUFGFTGPCLGFGEQPFGPUCFQ
/QFGNQUFGN)#CN)#%[FGN)#85&CN)#85&
+PUVTWEEKQPGUFGOCPVGPKOKGPVQ
%QPUWNVGNCUGEEKP7PKFCF15&RCTCEQPQEGTNCUTGHGTGPEKCU
+PVGTXCNQ
*QTCUFG
HWPEKQPCOKGPVQ
1RGTCEKP
5GOCPCN

%QORTWGDGGNOCPOGVTQ
5KNCRTGUKPCNECP\CDCT
G

RUKIQECFCJQTCUFGHWPEKQPCOKGPVQTGGORNCEGGNHKNVTQ
RCTGGNEQORTGUQT[FGUEQPGEVGGNXQNVCLG%KGTTGNCXNXWNCFG
UCNKFCFGCKTGFGURTGUWTKEGGNUKUVGOCFGUCNKFCCDTKGPFQNC
XNXWNCFGFTGPCLGFGEQPFGPUCFQ
&O[FGUCVQTPKNNGGNHKNVTQ
.NGPGGNPWGXQHKNVTQEQPCIWCCEGKVGNKIGTCOGPVGNCLWPVC
CVQTPNNGNQ[CRTKGVGCOCPQ
OGFKCXWGNVCCRTQZKOCFCOGPVG
%QORTWGDGGNEQNCFQT
[UKGUPGEGUCTKQNORKGNQ
/GPUWCNOGPVG

%QORTWGDGGNPKXGNFGNCEGKVGGPGNEQNGEVQT
5KUGJCNNCECUK
NNGPQFGUEQPGEVGGNVWDQFGCEGKVG
[GPVTGIWGGNCEGKVGCN
UGTXKEKQNQECNFGTGEQIKFCFGCEGKVG8WGNXCCKPUVCNCTWPEQNGEVQT
XCEQ

2KEVQITCOCU
2KEVQITCOCUOQUVTCFQUGP15&
4GHGTGPEKC
&GUETKREKP
#EGKVG
5CNKFCFGCEGKVG
5CNKFCFGEQPFGPUCFQ
2TGUKP


4GHGTGPEKC
&GUETKREKP
'PVTCFC
2WPVQFGUGTXKEKQ
2TGUKPFGGPVTCFCFGNUGRCTCFQT
.WDTKSWGNCLWPVCCVQTPKNNGGNHKNVTQ[CRTKGVGCOCPQ
CRTQZKOCFCOGPVGOGFKCXWGNVC
%QPUWNVGGNHQNNGVQFGKPUVTWEEKQPGUCPVGUFGTGCNK\CTTGRCTCEKQPGUQOCPVGPKOKGPVQ
4GEWRGTCEKPFGGPGTIC

7PKFCFFGTGEWRGTCEKPFGGPGTIC
&GUETKREKP
.CGPGTICTGSWGTKFCGPEWCNSWKGTRTQEGUQFGEQORTGUKPUGEQPXKGTVGGPECNQT2CTCEQORTGUQTGUFG
VQTPKNNQ)#EQPKP[GEEKPFGCEGKVGNCOC[QTRCTVGFGNECNQTFGNCEQORTGUKPUGFKUKRCCVTCXUFGN
UKUVGOCFGCEGKVG.QUUKUVGOCUFGTGEWRGTCEKPFGGPGTICFG#VNCU%QREQGUVPFKUGCFQURCTC
TGEQDTCTNCOC[QTRCTVGFGFKEJQECNQTGPHQTOCFGCIWCECNKGPVGUKPPKPIWPCKPHNWGPEKCRGTLWFKEKCNGPGN
TGPFKOKGPVQFGNEQORTGUQT
%QORQPGPVGU
.QUUKUVGOCUFGTGEWRGTCEKPFGGPGTICCDCTECPRTKPEKRCNOGPVG
+PVGTECODKCFQT
GUFGECNQTCEGKVGCIWC
8NXWNCUGNGEVQTC
UKUVGOCGPNPGCCKUNCFQ
8EQPOCPIQ
8NXWNCVGTOQUVVKECFGFGTKXCEKPRCTCGN
NQUKPVGTECODKCFQT
GUFGECNQTFGNCTGEWRGTCEKPFG
GPGTIC
$8
&QUUGPUQTGUFGVGORGTCVWTC
[
.QURGTPQUVWDQUGVETGSWGTKFQU
.QUUKUVGOCUFGTGEWRGTCEKPFGGPGTICVCODKPKPENW[GPKPUGTVQURCTCNCXNXWNCFGFGTKXCEKP
$8
XCUGNCUGEEKP(WPEKQPCOKGPVQFGNTGHTKIGTCFQTFGCEGKVGFGNEQORTGUQT
7PKFCFFGTGEWRGTCEKPFGGPGTIC
7PKFCFFGTGEWRGTCEKPFGGPGTICGPNQUOQFGNQUFGN)#CN)#%)#85&[)#85&

4GHGTGPEKC
&GUKIPCEKP
6WDQFGGPVTCFCFGCIWC
6WDQFGUCNKFCFGCIWC
5GPUQTFGVGORGTCVWTCVWDQFGGPVTCFCFGCIWC
5GPUQTFGVGORGTCVWTCVWDQFGUCNKFCFGCIWC
6CRPFGFTGPCLGFGCEGKVG
6WDQHNGZKDNGFGCEGKVGFGUFGFGRUKVQFGCKTGFGNEQORTGUQT
6WDQHNGZKDNGCXNXWNCFGFGTKXCEKP
$8
2KEVQITCOCFGUEQPGEVGGNXQNVCLG[FGURTGUWTKEGGNEQORTGUQTEQPNCNPGCFG
TGEWRGTCEKPFGGPGTICCPVGUFGGORG\CTGNVTCDCLQFGOCPVGPKOKGPVQQTGRCTCEKP
$8
8NXWNCFGFGTKXCEKPFGNKPVGTECODKCFQTFGECNQT
*'
+PVGTECODKCFQTFGECNQT
8
8NXWNCUGNGEVQTC
+PUVCNCEKP
.QUEQORQPGPVGURTKPEKRCNGUUGGPUCODNCPGPHDTKECEQOQWPDNQSWGEQORCEVQSWGGPECLCGPNC
ECTTQEGTCFGNEQORTGUQT%QPUWNVGC#VNCU%QREQUQDTGNCKPUVCNCEKP[EQPGZKPFGNCWPKFCFFG
TGEWRGTCEKPFGGPGTIC

5KUVGOCUFGTGEWRGTCEKPFGGPGTIC
)GPGTCNKFCFGU
.QUUKUVGOCUFGTGEWRGTCEKPFGGPGTICRWGFGPCRNKECTUGGPEQPEGRVQFGUKUVGOCUFGDCLQCWOGPVQFG
VGORGTCVWTCCNVQHNWLQFGCIWCQUKUVGOCUFGCNVQCWOGPVQFGVGORGTCVWTCDCLQHNWLQFGCIWC
$CLQCWOGPVQFGVGORGTCVWTCCNVQHNWLQFGCIWC
UKUVGOCUFGTGEWRGTCEKPFGCIWCEGTTCFQU
2CTCVCNVKRQFGCRNKECEKPNCFKHGTGPEKCFGVGORGTCVWTCGPVTGGNCIWCGPGNUKUVGOCFGTGEWRGTCEKPFG
GPGTIC[GNCEGKVGFGNEQORTGUQTGURGSWGC2QTEQPUGEWGPEKCUGPGEGUKVCWPCNVQHNWLQFGCIWCRCTC
WPCOZKOCTGEWRGTCEKPFGGPGTIC
'LGORNQ'NCIWCECNKGPVGUGWUCRCTCOCPVGPGTQVTQOGFKQCWPCVGORGTCVWTCDCUVCPVGCNVCGPEKTEWKVQ
EGTTCFQRGLECNGHCEEKPEGPVTCN
#NVQCWOGPVQFGVGORGTCVWTCDCLQHNWLQFGCIWC
UKUVGOCUFGTGEWRGTCEKPFGCIWCCDKGTVQU
2CTCGUVGVKRQFGCRNKECEKPUGEQPUKIWGWPCNVQCWOGPVQFGNCVGORGTCVWTCFGNCIWCGPGNUKUVGOCFG
TGEWRGTCEKPFGGPGTICNQSWGGPEQPUGEWGPEKCEQPNNGXCWPDCLQPKXGNFGHNWLQ
'LGORNQWPEKTEWKVQCDKGTVQFQPFGUGECNKGPVCCIWCHTCFGWPCVWDGTCFGFKUVTKDWEKPRTKPEKRCNRQTGN
UKUVGOCFGTGEWRGTCEKPFGGPGTICRCTCWUQGPNCHDTKECRGLRTGECNGPVCOKGPVQFGCIWCFG
CNKOGPVCEKP
(NWLQFGCIWCFGTGEWRGTCEKP
2CTCXGTNCUTGHGTGPEKCUEQPUWNVGNCUGEEKP7PKFCFFGTGEWRGTCEKPFGGPGTIC

'NCIWCFGTGEWRGTCEKPGPVTCGPNCWPKFCFRQTNCEQPGZKPFGGPVTCFC
'PGNKPVGTECODKCFQTFGECNQT
*'GNECNQTFGNCEQORTGUKPVTCURCUCFGNCEGKVGFGNEQORTGUQTCNCIWC'NCIWCUCNGFGNKPVGTECODKCFQT
FGECNQT
*'OGFKCPVGNCEQPGZKPFGUCNKFC

4GSWKUKVQUFGNCIWCFGTGEWRGTCEKPRCTCEKTEWKVQUFGCIWCEGTTCFQU
'NWUQFGWPEKTEWKVQFGCIWCFGTGEKTEWNCEKPEGTTCFQOKPKOK\CNQUTGSWKUKVQUFGCIWCFGTGNNGPCT2QT
VCPVQGURTCEVKECDNGGEQPOKECOGPVGGNWUQFGCIWCDNCPFC[JCUVCFGUOKPGTCNK\CFCGNKOKPCPFQGN
RTQDNGOCFGNQUFGRUKVQUECNETGQU#WPSWGGNKPVGTECODKCFQTFGECNQTGUFGCEGTQKPQZKFCDNGRWGFG
SWGGNEKTEWKVQFGCIWCEQPGEVCFQCNEQORTGUQTPGEGUKVGKPJKDKFQTGUFGEQTTQUKP%QPUWNVGNCVCDNC
UKIWKGPVGRCTCOKPKOK\CTNQURTQDNGOCUECWUCFQURQTCIWCFGOCNCECNKFCF'PECUQFGFWFCEQPUWNVGC
#VNCU%QREQ
#CFCWPRTQFWEVQCPVKEQPIGNCPVGCNCIWC
EQOQINKEQNFGGVKNGPQGPRTQRQTEKPCNCVGORGTCVWTC
GURGTCFCRCTCGXKVCTNCEQPIGNCEKP
4GSWKUKVQUFGNCIWCFGTGEWRGTCEKPRCTCEKTEWKVQUFGCIWCCDKGTVQU
%QPUWNVGNCUGEEKP4GSWKUKVQUFGNCIWCFGTGHTKIGTCEKP

1RGTCEKP
)GPGTCNKFCFGU
'NHNWLQFGCEGKVGFGNEQORTGUQTNQEQPVTQNCPFQUXNXWNCUVGTOQUVVKECU
$8[$8NQSWGCUGIWTCWP
HWPEKQPCOKGPVQHKCDNGFGNEQORTGUQT[WPCTGEWRGTCEKPFGGPGTICRVKOC
5KUVGOCFGTGEWRGTCEKPFGGPGTICGPNPGC
'NOCPIQFGNCXNXWNC
8UGJCNNCGPRQUKEKPXGTVKECN
#TTCPSWGKPKEKCNFGNEQORTGUQT
%WCPFQGNEQORTGUQTUGRQPICGPOCTEJCGPEQPFKEKQPGUFGHTQNCVGORGTCVWTCFGNCEGKVGUGTDCLC.C
XNXWNCFGFGTKXCEKP
$8EGTTCTNCCNKOGPVCEKPFGCEGKVGFGUFGGNKPVGTECODKCFQTFGECNQT
*'[NC
XNXWNCFGFGTKXCEKP
$8EGTTCTNCCNKOGPVCEKPFGCEGKVGFGUFGGNTGHTKIGTCFQT
%QRCTCKORGFKTSWG
UGGPHTGGNCEGKVGFGNEQORTGUQT'NCEGKVGRCUCFGUFGGNUGRCTCFQT
#4CVTCXUFGNQUHKNVTQU
1([NC
XNXWNCFGEKGTTG
8UCNGNGOGPVQEQORTGUQT
'
6QFCNCGPGTICCDUQTDKFCUGWUCRCTCECNGPVCTTRKFCOGPVGGNCEGKVGFGNEQORTGUQT0QUGTGEWRGTC
PKPIWPCGPGTIC
/ZKOCTGEWRGTCEKPFGGPGTIC

#NUWDKTNCVGORGTCVWTCFGNCEGKVGNCXNXWNCFGFGTKXCEKP
$8GORKG\CCCDTKTNCNPGCFGCNKOGPVCEKP
FGCEGKVGCNKPVGTECODKCFQTFGECNQT5KNCVGORGTCVWTCFGNCEGKVGUWDGCWPQUu%
u(VQFQGN
CEGKVGRCUCCVTCXUFGNKPVGTECODKCFQTFGECNQT'NCEGKVGRTQEGFGPVGFGNCUCNKFCFGNKPVGTECODKCFQTFG
ECNQTRCUCRQTNQUHKNVTQU
1(NCXNXWNCFGEKGTTG
8UGNGNGOGPVQEQORTGUQT
'[GNUGRCTCFQT
#4[
XWGNXGCNCGPVTCFCFGNKPVGTECODKCFQTFGECNQT
*'.CXNXWNCFGFGTKXCEKP
$8FGLCHWGTCFGN
EKTEWKVQGNTGHTKIGTCFQTFGCEGKVG
%QOKGPVTCUSWGFGNCVGORGTCVWTCFGNCEGKVGFGDCLQFGEKGTVQXCNQT
'NKPVGTECODKQFGECNQTGPVTGGNCEGKVGFGNEQORTGUQT[GNCIWCFGTGEWRGTCEKPGUVCNOZKOQ
$CLQEQPUWOQFGGPGTICTGEWRGTCFC
'PVCNECUQGURQUKDNGSWGUGGPEWGPVTGFGOCUKCFQCNVCNCVGORGTCVWTCFGNCEGKVGSWGUCNGFGN
KPVGTECODKCFQTFGECNQT
*'RCTCKP[GEVCTUGGPGNGNGOGPVQEQORTGUQT
'2QTVCPVQNCXNXWNCFG
FGTKXCEKP
$8CDTKTNCNPGCFGCNKOGPVCEKPFGNTGHTKIGTCFQTFGCEGKVGFGNEQORTGUQTRCTCFGLCTGPHTKCT
GNCEGKVGECNKGPVGGPGNTGHTKIGTCFQT
%Q
.CECPVKFCFFGGPGTICUWOKPKUVTCFCCNCIWCUGCFCRVCCNCFGOCPFC
#NVQHNWLQFGCIWCFGTGEWRGTCEKPDCLCVGORGTCVWTC
'PVCNECUQGURQUKDNGSWGUGGPEWGPVTGFGOCUKCFQDCLCNCVGORGTCVWTCFGNCEGKVGSWGUCNGFGN
KPVGTECODKCFQTFGECNQT
*'RCTCKP[GEVCTUGGPGNGNGOGPVQEQORTGUQT
'2QTVCPVQNCXNXWNCFG
FGTKXCEKP
$8CDTKTNCNPGCFGCNKOGPVCEKPFGNUGRCTCFQTFGCEGKVGFGNEQORTGUQTRCTCFGLCTSWGGN
CEGKVGHTQFGNKPVGTECODKCFQTFGECNQT
*'UGOG\ENGEQPGNCEGKVGECNKGPVGFGNUGRCTCFQT
#4
5GVTCPUHKGTGGPGTICFGNCEGKVGFGNEQORTGUQTCNCIWCRGTQGUXGTFCFCWPPKXGNFGVGORGTCVWTC
TGNCVKXCOGPVGDCLQ

5KUVGOCFGTGEWRGTCEKPFGGPGTICCKUNCFQ
'NOCPIQFGNCXNXWNC
8UGJCNNCGPRQUKEKPXGTVKECN
'NUKUVGOCFGCEGKVGGUKIWCNCNSWGECTGEGFGNUKUVGOCFGTGEWRGTCEKPFGGPGTICUCNXQGPNC
VGORGTCVWTCFGCRGTVWTCFGNCXNXWNCFGFGTKXCEKP
$8
0QUGTGEWRGTCPKPIWPCGPGTIC
'UVCUKVWCEKPFGDGEQPUKFGTCTUGEQOQGZEGREKQPCNRGLGPECUQFGOCPVGPKOKGPVQFGNUKUVGOCFG
TGEWRGTCEKPFGGPGTICQUKPQUGPGEGUKVCGPGTICRQTOWEJQVKGORQ
'PNQUOQFGNQUFGN)#CN)#%JCICHWPEKQPCTNCWPKFCFGPFGUECTICWPQUOKPWVQUCPVGUFGCKUNCT
GNUKUVGOCFGTGEWRGTCEKPFGGPGTICFGNEQORTGUQT
2CTCTNCWPKFCFFWTCPVGWPRGTKQFQRTQNQPICFQ
5KJC[WPUKUVGOCFGCIWCCDKGTVQ[UKUGRTGXPVGORGTCVWTCUFGEQPIGNCEKPJC[SWGCKUNCTGNUKUVGOC
FGCIWCFGNEQORTGUQT[RWTICTNQEQPCKTGEQORTKOKFQ

8NXWNCUVGTOQUVVKECUFGFGTKXCEKP
8NXWNCUFGFGTKXCEKPFGNTGHTKIGTCFQTFGCEGKVG
'NTGHTKIGTCFQTFGCEGKVGFGNEQORTGUQTXCFQVCFQFGWPCXNXWNCFGFGTKXCEKP'UVCEQPUVCFGWPKPUGTVQ
OQPVCFQGPWPCECLC.CXNXWNCGORKG\CCEGTTCTNCNPGCFGFGTKXCEKP[CDTKTNCNPGCFGNTGHTKIGTCFQTFG
CEGKVGCNNOKVGKPHGTKQTFGNCNECPEGFGVGORGTCVWTCCNNOKVGUWRGTKQTFGNCNECPEGFGVGORGTCVWTCNCNPGC
FGFGTKXCEKPGUVEGTTCFCEQORNGVCOGPVG[VQFQGNCEGKVGRCUCRQTGNTGHTKIGTCFQT
'P)#C)#%UKUGWUCGNECNQTFGNCEQORTGUKPEQOQHWGPVGRCTCTGEWRGTCEKPFGGPGTICUG
TGSWKGTGWPKPUGTVQEQPCNECPEGFGVGORGTCVWTCOC[QT'NCNECPEGFGVGORGTCVWTCTGSWGTKFQFGNCXNXWNC
FGRGPFGFGNCCRNKECEKPFGNUKUVGOCFGTGEWRGTCEKPFGGPGTIC2QTVCPVQUGUWOKPKUVTCPWPEKGTVQ
POGTQFGKPUGTVQUEQPCNECPEGUFGVGORGTCVWTCFKUVKPVQU
&GURWUFGKPUVCNCTWPQFGNQUKPUGTVQU[CKUNCFQGNUKUVGOCFGTGEWRGTCEKPFGGPGTICNCVGORGTCVWTC
FGUCNKFCFGNGNGOGPVQEQORTGUQTUGTFG
6GORGTCVWTCFGUCNKFCFGNEQORTGUQT
CRTQZ
/CTECFGXNXWNC
#NECPEGFG
VGORGTCVWTC
)#
DCT[
RUK
)#
DCT[
RUK
)#
)#DCT[
DCT[
RUK
)#DCT[ RUK
RUK
)#DCT[
RUK
)#%DCT
[RUK
u%u%

u%
u(

u%u%

u%
u(

u%u%

/CTECFGXNXWNC
#NECPEGFG
VGORGTCVWTC
)#
DCT[
RUK
)#
DCT[
RUK
)#
)#DCT[
DCT[
RUK
)#DCT[ RUK
RUK
)#DCT[
RUK
)#%DCT
[RUK
u%
u(

u%u%

u%
u(

u%u%

u%
u(

8NXWNCFGFGTKXCEKPFGNKPVGTECODKCFQTFGECNQT
'UVCXNXWNCEQOKGP\CCEGTTCTNCNPGCFGFGTKXCEKP[CDTKTNCNPGCFGNKPVGTECODKCFQTFGECNQTCCRTQZ
u%
u(EWCPFQNCVGORGTCVWTCGUFGCRTQZu%
u(NCNPGCFGFGTKXCEKPGUV
VQVCNOGPVGEGTTCFC[VQFQGNCEGKVGHNW[GCVTCXUFGNKPVGTECODKCFQTFGECNQT

/CPVGPKOKGPVQ
#EGKVGFGNEQORTGUQT
2CTCXGTNCUTGHGTGPEKCUEQPUWNVGNCUGEEKP7PKFCFFGTGEWRGTCEKPFGGPGTIC
%CODKQFGCEGKVG
%QORTWGDGSWGGNOCPIQFGNCXNXWNCUGNGEVQTC
8GUVGPRQUKEKPXGTVKECN
UKUVGOCFG
TGEWRGTCEKPGPNPGC
&GLGHWPEKQPCTNCWPKFCFJCUVCSWGUGECNKGPVG2CTGNCWPKFCFFGUEQPGEVGGNKPVGTTWRVQTUGRCTCFQT
[EKGTTGNCXNXWNCFGUCNKFCFGCKTG
&GURTGUWTKEGGNEQORTGUQT[XCEGGNCEGKVG8CUGNCUGEEKP%CODKQFGCEGKVG[HKNVTQUFGCEGKVG
&GUCVQTPKNNGGNVCRP
RCTCXCEKCTGNKPVGTECODKCFQTFGECNQT
*'8WGNXCCKPUVCNCT[CRTKGVGGN
VCRPFGURWUFGNFTGPCLG4GKPUVCNG[CRTKGVGGNVCRPFGNNGPCFQ
(%
4GCPWFGGNECODKQFGCEGKVGEQOQUGFGUETKDGGPNCUGEEKP%CODKQFGCEGKVG[HKNVTQUFGCEGKVG
8NXWNCUVGTOQUVVKECUFGFGTKXCEKP
.QUKPUGTVQUFGDGPUGTTGGORNC\CFQUECFCCQRQTQVTQUPWGXQUCHKPFGCUGIWTCTWPTGPFKOKGPVQ
RVKOQ
+PVGTECODKCFQTFGECNQT
*'
5KGNCWOGPVQFGVGORGTCVWTCUQDTGGNUKUVGOCFGTGEWRGTCEKPFGGPGTICFGENKPCFWTCPVGWPRGTQFQFG
VKGORQEQPEQPFKEKQPGUFGVTCDCLQDUKECUKIWCNGUJC[SWGTGXKUCTGNKPVGTECODKCFQTFGECNQT2CTC
NKORKCTGNNCFQFGCEGKVGUWOGTLCGNKPVGTECODKCFQTFGECNQTGPWPCUQNWEKPFGUGPITCUCPVG2CTCGNKOKPCT
NQUFGRUKVQUECNETGQUGPGNEQORCTVKOKGPVQFGCIWCJC[SWGCRNKECTWPRTQEGUQFGFGUECNEKHKECEKP
%QPUWNVGC#VNCU%QREQ


&CVQUFGTGEWRGTCEKPFGGPGTIC
%QPFKEKQPGUFGTGHGTGPEKC
%QPUWNVGNCUGEEKP%QPFKEKQPGUFGTGHGTGPEKC[NOKVGU
2TGUKPGHGEVKXCFGVTCDCLQ
%QPUWNVGNCUGEEKP&CVQUFGNEQORTGUQTRCTC)#C)#%RCTCEQPQEGTNCRTGUKPFGVTCDCLQPQTOCN
#LWUVGUFGNGEVWTC
#FGOUFGQVTQUFCVQURWNUCPFQNCVGENCFGFGURNC\COKGPVQUGRWGFGPNGGTNCUVGORGTCVWTCUUKIWKGPVGU
2CTCWPKFCFGUTGHTKIGTCFCURQTCKTG
.CVGORGTCVWTCFGGPVTCFCFGNCIWCFGNUKUVGOCFGTGEWRGTCEKPFGGPGTIC
.CVGORGTCVWTCFGUCNKFCFGNCIWCFGNUKUVGOCFGTGEWRGTCEKPFGGPGTIC
/QFKHKECTCLWUVGU
5KUGGZEGFGPNQUCLWUVGUFGCXKUQRTQITCOCFQURCTCNCUVGORGTCVWTCUFGNCIWCCRCTGEGGPGNOFWNQFG
EQPVTQNFGNEQORTGUQTWPCKPFKECEKPFGCXKUQ
'PVTCFCFGVGORGTCVWTC
7PKFCFGU
#LWUVGOPKOQ
#LWUVGPQOKPCN
#LWUVGOZKOQ
'PVTCFCFGCIWCFGTGEWRGTCEKPFG
GPGTIC
u%

4GVTCUQCNCUGCNFGCXKUQ
UGI
%QPUWNVGC#VNCU
%QREQ
UGI
4GVTCUQGPGNCTTCPSWG
&GDGUGTOGPQTSWGGNTGVTCUQCNCUGCN
FGCXKUQ
%QPUWNVGC#VNCU
%QREQ
5CNKFCFGCIWCFGTGEWRGTCEKPFG
GPGTIC
u%
&GRGPFGFGNC
CRNKECEKP
4GVTCUQCNCUGCN
UGI
%QPUWNVGC#VNCU
%QREQ
4GVTCUQGPGNCTTCPSWG
UGI
%QPUWNVGC#VNCU
%QREQ

2CTCOQFKHKECTWPCLWUVGEQPUWNVGNCUGEEKP/QFKHKECTRCTOGVTQU
'PGTICTGEWRGTCDNG
.CGPGTICTGEWRGTCDNGRWGFGECNEWNCTUGWVKNK\CPFQNCHTOWNCUKIWKGPVG
'0'4)#4'%72'4#&#
M9ZHNWLQFGCIWC
NUZCWOGPVQFGVGORGTCVWTCFGNCIWC
%
'PNCVCDNCUKIWKGPVGUGRTQRQTEKQPCPGLGORNQUVRKEQUGZEGRVQRCTCNCGPGTICTGEWRGTCFC
%QPUWNVGC#VNCU%QREQRCTCEQPQEGTNCUGURGEKHKECEKQPGU

&CVQURCTCUKUVGOCUFGDCLQCWOGPVQFGVGORGTCVWTCCNVQHNWLQFGCIWC
)#
7PKFCF
GU

DCT
DCT
DCT
RUK
RUK
RUK
RUK
'PGTICTGEWRGTCDNG
M9

(NWLQFGCIWC
NOKP

6GORGTCVWTCGPGPVTCFC
u%

6GORGTCVWTCGPUCNKFC
u%

u(

6GORGTCVWTCGPUCNKFC
u(

7PKFCF
GU

DCT
DCT
DCT
RUK
RUK
RUK
RUK
)#
'PGTICTGEWRGTCDNG
M9

(NWLQFGCIWC
NOKP

u%

6GORGTCVWTCGPUCNKFC
u%

u(

6GORGTCVWTCGPUCNKFC
u(

7PKFCF
GU

DCT
DCT
DCT
RUK
RUK
RUK
RUK
)#

'PGTICTGEWRGTCDNG
M9

(NWLQFGCIWC
NOKP

u%

6GORGTCVWTCGPUCNKFC
u%

u(

6GORGTCVWTCGPUCNKFC
u(

)#
7PKFCF
GU

DCT
DCT
DCT
RUK
RUK
RUK
RUK
'PGTICTGEWRGTCDNG
M9

(NWLQFGCIWC
NOKP

u%

6GORGTCVWTCGPUCNKFC
u%

u(

6GORGTCVWTCGPUCNKFC
u(

7PKFCF
GU

DCT
DCT
DCT
RUK
RUK
RUK
RUK
)#%
'PGTICTGEWRGTCDNG
M9

(NWLQFGCIWC
NOKP

u%

6GORGTCVWTCGPUCNKFC
u%

u(

6GORGTCVWTCGPUCNKFC
u(

&CVQURCTCUKUVGOCUFGCNVQCWOGPVQFGVGORGTCVWTCDCLQHNWLQFGCIWC
)#
7PKFCF
GU

DCT
DCT
DCT
RUK
RUK
RUK
RUK
'PGTICTGEWRGTCDNG
M9

(NWLQFGCIWC
NOKP

u%

6GORGTCVWTCGPUCNKFC
u%

u(

6GORGTCVWTCGPUCNKFC
u(

)#
7PKFCF
GU

DCT
DCT
DCT
RUK
RUK
RUK
RUK
'PGTICTGEWRGTCDNG
M9

(NWLQFGCIWC
NOKP

u%

6GORGTCVWTCGPUCNKFC
u%

u(

6GORGTCVWTCGPUCNKFC
u(

7PKFCF
GU

DCT
DCT
DCT
RUK
RUK
RUK
RUK
)#
'PGTICTGEWRGTCDNG
M9

(NWLQFGCIWC
NOKP

u%

6GORGTCVWTCGPUCNKFC
u%

u(

6GORGTCVWTCGPUCNKFC
u(

7PKFCF
GU

DCT
DCT
DCT
RUK
RUK
RUK
RUK
)#
'PGTICTGEWRGTCDNG
M9

(NWLQFGCIWC
NOKP

u%

6GORGTCVWTCGPUCNKFC
u%

u(

6GORGTCVWTCGPUCNKFC
u(

7PKFCF
GU

DCT
DCT
DCT
RUK
RUK
RUK
RUK

)#%
'PGTICTGEWRGTCDNG

M9
7PKFCF
GU

DCT
DCT
DCT
RUK
RUK
RUK
RUK
(NWLQFGCIWC
NOKP

u%

6GORGTCVWTCGPUCNKFC
u%

u(

6GORGTCVWTCGPUCNKFC
u(

+PUVCNCEKP

&KDWLQUFGFKOGPUKQPGU
)#C)#%
)#C)#%

4GHGTGPEKC
&GUKIPCEKP
5CNKFCFGFGTKXCEKPFGUGECFQT
XGTUKPUGECFQT
4GHTKIGTCEKPFGNEQORTGUQT
5CNKFCFGCKTG
4GHTKIGTCEKPFGNUGECFQT
5CNKFCFGCKTGEQORTKOKFQ
2GUQUGPMI
2CUQFGECDNGGNEVTKEQ
'PVTCFCFGCKTGFGTGHTKIGTCEKP[GPVTCFCFGHKNVTQFGCKTGFGUGECFQT
'PVTCFCFGCKTGFGTGHTKIGTCEKPFGOQVQT[EQORTGUQT

'PVTCFCFGCIWC

4GEWRGTCEKPFGGPGTIC

5CNKFCFGCIWC

2WPVQFGFTGPCLGFGCIWC15&

2WPVQFGFTGPCLGCWVQOVKEQ

2WPVQFGFTGPCLGOCPWCN

9QTMRNCEG

9QTMRNCEG(WNN(GCVWTG

%GPVTQFGITCXGFCF

2GUQ

&KOGPUKQPGUGPOO

5QNCOGPVGRCTC9QTMRNCEG


2TQRWGUVCFGKPUVCNCEKP
)#C)#%
'LGORNQFGUCNCFGEQORTGUQTGUFG)#JCUVC)#%

6GZVQGPFKDWLQ
4GHGTGPEKC
&GUKIPCEKP
2TQRWGUVCUFGXGPVKNCEKP
'URCEKQNKDTGOPKOQSWGFGDGTGUGTXCTRCTCNCKPUVCNCEKPFGNEQORTGUQT
&GUETKREKPFG)#C)#%
+PUVCNGGNEQORTGUQTUQDTGWPUWGNQPKXGNCFQ[UNKFQSWGRWGFCUQRQTVCTUWRGUQ
2QUKEKPFGNCXNXWNCFGUCNKFCFGCKTGEQORTKOKFQ
5GRWGFGECNEWNCTNCECFCFGRTGUKPGPGNVWDQFGUCNKFCFGCKTGFGNCOCPGTCUKIWKGPVG
FR
.ZZ3E
FZR
FFKOGVTQKPVGTKQTFGNVWDQFGUCNKFCGPOO
FRECFCFGRTGUKP
OZKOQTGEQOGPFCFQDCTRUK
.NQPIKVWFFGNVWDQFGUCNKFCGPO
RRTGUKPCDUQNWVCGPNCUCNKFCFGNEQORTGUQTGPDCT
C
3EUWOKPKUVTQFGCKTGNKDTGFGNEQORTGUQTGPNU
5GTGEQOKGPFCEQPGEVCTGNVWDQFGUCNKFCFGCKTGFGNEQORTGUQTGPEKOCFGNVWDQRTKPEKRCNFGNCTGF
FGCKTGCHKPFGTGFWEKTCWPOPKOQGNCTTCUVTGFGRQUKDNGUTGUVQUFGEQPFGPUCFQ
8GPVKNCEKPNCURCTTKNNCUFGCURKTCEKP[GNXGPVKNCFQTFGDGPKPUVCNCTUGFGHQTOCSWGUGGXKVGNC
TGEKTEWNCEKPFGNCKTGFGTGHTKIGTCEKPCNEQORTGUQT.CXGNQEKFCFOZKOCFGNCKTGCVTCXUFGNCU
RCTTKNNCUGUFGOU
HVU
.COZKOCECFCFGRTGUKPCFOKUKDNGUQDTGNQUEQPFWEVQUFGCKTGFGTGHTKIGTCEKPGUFG2C
KPYE
5KCNECP\CWPXCNQTUWRGTKQTUGPGEGUKVCWPXGPVKNCFQTGPNCUCNKFCFGNQUEQPFWEVQU%QPUWNVGC
#VNCU%QREQ
2CTCNCUCNVGTPCVKXCU[FG)#C)#%NCECRCEKFCFFGXGPVKNCEKPPGEGUCTKCRCTCNKOKVCTNC
VGORGTCVWTCGPNCUCNCFGEQORTGUQTGURWGFGECNEWNCTUGFGNCOCPGTCUKIWKGPVG
3X0F6RCTC)#2CEM9QTMRNCEG
3X
0 F6RCTC)#2CEM(WNN(GCVWTG9QTMRNCEG(WNN(GCVWTG
3XECRCEKFCFFGXGPVKNCEKPTGSWGTKFCGPOU
0GPVTCFCCNGLGFGNEQORTGUQTGPM9
F6CWOGPVQFGVGORGTCVWTCGPUCNCFGNEQORTGUQT
2CTCNCUCNVGTPCVKXCU[NCECRCEKFCFFGNXGPVKNCFQTFGDGKIWCNCTNCECRCEKFCFFGNXGPVKNCFQTFGN
EQORTGUQTCWPCECTICFGRTGUKPKIWCNCNCECFCFGRTGUKPUQDTGNQUEQPFWEVQUFGCKTG
.QUVWDQUFGFTGPCLGCNEQNGEVQTPQFGDGPGPVTCTGPEQPVCEVQEQPGNCIWCFGNEQNGEVQT#VNCU%QREQ
FKURQPGFGUGRCTCFQTGUFGCEGKVGCIWC
VKRQ15&RCTCUGRCTCTNCOC[QTRCTVGFGNCEGKVGFGN
EQPFGPUCFQCHKPFGCUGIWTCTSWGGNEQPFGPUCFQEWORNGNQUTGSWKUKVQUFGNCNGIKUNCEKP
OGFKQCODKGPVCN
2QUKEKPFGRCPGNFGEQPVTQN
2QUKEKPFGGPVTCFCFGNECDNGFGUWOKPKUVTQ
'SWKRCOKGPVQRCTCGPVTCFC[UCNKFCFGUKUVGOCFGTGEWRGTCEKPFGGPGTIC
QREKQPCN

(KNVTQVKRQ&&HKNVTCEKPEQPHKPGUIGPGTCNGU'NHKNVTQGNKOKPCRCTVEWNCUUNKFCUJCUVCOKETOGVTQ
[EQPVGPKFQUFGCEGKVGTGUKFWCNOZKOQUFGOIO'URQUKDNGKPUVCNCTWPHKNVTQFGCNVC
GHKEKGPEKCVKRQ2&EQPRQUVGTKQTKFCFCWPHKNVTQ&&6CNHKNVTQGNKOKPCRCTVEWNCUUNKFCUJCUVC
OKETOGVTQ[EQPVGPKFQUFGCEGKVGTGUKFWCNOZKOQUFGOIO2CTCGXKVCTQNQTGU[XCRQTGU
FGCEGKVGJC[SWGKPUVCNCTWPHKNVTQVKRQ3&EQPRQUVGTKQTKFCFCNHKNVTQ2&
'PEQORTGUQTGU)#UKPUGECFQT[EQORTGUQTGU(WNN(GCVWTGEQPUGECFQT+(&NQUHKNVTQURCTCWUQ
IGPGTCNUQPQREKQPCNGU
'NFGRUKVQFGCKTG
QREKQPCNFGDGKPUVCNCTUGGPWPCUCNCCRTWGDCFGJGNCFCUUQDTGWPUWGNQUNKFQ
[PKXGNCFQ
2CTCWPEQPUWOQFGCKTGPQTOCNUGECNEWNCGNXQNWOGPFGNCTGFFGCKTG
FGRUKVQ[VWDGTCUFGNC
OCPGTCUKIWKGPVG
8
Z3EZ2Z6Q
HOCZZF2Z6
8XQNWOGPFGNCTGFFGCKTGGPN
3EUWOKPKUVTQFGCKTGNKDTGFGNEQORTGUQTGPNU
2RTGUKPFGGPVTCFCFGCKTGFGNEQORTGUQTGPDCTCDUQNWVC
HOCZHTGEWGPEKCEENKECEKENQU
F22FGUECTIC2ECTICGPDCT
6VGORGTCVWTCFGGPVTCFCFGCKTGFGNEQORTGUQTGP6QVGORGTCVWTCFGNFGRUKVQFGCKTGGP &GTKXCEKPFGUGECFQT
1REKQPCNGPEQORTGUQTGUEQP+(&
%QNGEVQTFGEQPFGPUCFQ
%QPUWNVGVCODKPNCUGEEKP5KUVGOCFGEQPFGPUCFQ


%QPGZKQPGUGNEVTKECU
%QPGZKPGNEVTKECFG)#C)#%

4GHGTGPEKC
&GUKIPCEKP
1REKP
6QFQUNQUXQNVCLGUEQPGZEGREKPFG8*\
8*\
5GECFQTOQPQHUKEQ
5GECFQTVTKHUKEQ

5WOKPKUVTQFGUGECFQT

6QFQUNQUQVTQUXQNVCLGU
)#C)#%
+PUVCNGWPKPVGTTWRVQTUGRCTCFQT
%QORTWGDGSWGGUVPDKGPUWLGVQUCUWUDQTPGUNQUECDNGUGJKNQUFGNOQVQTGPGNCTOCTKQGNEVTKEQ
%QORTWGDGNQUHWUKDNGU[GNCLWUVGFGNTGNFGUQDTGECTIC8CUGNCUGEEKP#LWUVGUFGTGNFG
UQDTGECTIC[HWUKDNGU
%QPGEVGNQUECDNGUFGUWOKPKUVTQFGRQVGPEKCCUWUDQTPGU..[.
%QPGEVGGNEQPFWEVQTPGWVTQCNEQPGEVQT
0
%QPGEVGGNRGTPQFGNEQPFWEVQTFGVKGTTC
2'

'P)#C)#%2CEM((9QTMRNCEG((EQP+(&
EQPNCGZEGREKPFGNCUXCTKCPVGUFG8
*\FG)#C)#%
'NUWOKPKUVTQFGXQNVCLGCNUGECFQTFGDGUGTOQPQHUKEQFG85GUWOKPKUVTCGNXQNVCLGCNUGECFQT
RQTNQUEQPVCEVQUFGNTGN
-UVQUUGEKGTTCPCNCTTCPECTUGGNEQORTGUQT2CTCXQNVCLGUFG
UWOKPKUVTQFGNEQORTGUQTFKHGTGPVGUFGZ8OUPGWVTQZ8Z8NCCNKOGPVCEKP
CNUGECFQTNCUWOKPKUVTCWPVTCPUHQTOCFQT
'P)#C)#%2CEM((9QTMRNCEG((
8*\
'UVQUEQORTGUQTGUGUVPGSWKRCFQUEQPWPUGECFQTVTKHUKEQ5GUWOKPKUVTCGNXQNVCLGCNUGECFQTRQT
NQUEQPVCEVQUFGNTGN
-UVQUUGEKGTTCPCNCTTCPECTUGGNEQORTGUQT

4GSWKUKVQUFGNCIWCFGTGHTKIGTCEKP
)GPGTCNKFCFGU
5GKPFKECPNQUTGSWKUKVQUUKIWKGPVGUEQOQPQTOCIGPGTCNRCTCRTGXGPKTRTQDNGOCUEQPGNCIWCFG
TGHTKIGTCEKP'PECUQFGFWFCEQPUWNVGC#VNCU%QREQ
/ZKOQUTGEQOGPFCFQU
5KUVGOCFGTGEKTEWNCEKP
5KUVGOCFGRCUQEQPVKPWQ
KPHGTKQTCOIN
KPHGTKQTCOIN
5WNHCVQ
51
KPHGTKQTCOIN
KPHGTKQTCOIN
6QVCNFGUWUVCPEKCUUNKFCU
KPHGTKQTCOIN
KPHGTKQTCOIN
5WUVCPEKCUUNKFCUUWURGPFKFCU
5K1
KPHGTKQTCOIN
KPHGTKQTCOIN
%NQTQNKDTG
%N
KPHGTKQTCOIN
KPHGTKQTCOIN
#OQPCEQ
0*
KPHGTKQTCOIN
KPHGTKQTCOIN
%QDTG
KPHGTKQTCOIN
KPHGTKQTCOIN
*KGTTQ
KPHGTKQTCOIN
KPHGTKQTCOIN
/CPICPGUQ
KPHGTKQTCOIN
KPHGTKQTCOIN
1ZIGPQ
KPHGTKQTCOIN
KPHGTKQTCOIN
&WTG\CECTDQPCVCFC
EQOQ
%C%1
OIN
OIN
/CVGTKCNQTIPKEQ
-/P1
KPHGTKQTCOIN
KPHGTKQTCOIN
%NQTWTQ
%N

5KPCNICU
5KPCEGKVG
1DUGTXCEKP
'NENQTWTQ[GNUWNHCVQUQPKPVGTCEVKXQU'PWPUKUVGOCFGRCUQEQPVKPWQNCUWOCFGNQUEWCFTCFQUPQ
RWGFGGZEGFGTFG2CTCWPUKUVGOCFGTGEKTEWNCEKPEQPGNVTCVCOKGPVQ[NQUEQPVTQNGUFGDKFQUUG
RGTOKVGWPCUWOCFGNQUEWCFTCFQUFGJCUVC1DUTXGUGSWGGNXCNQTFGUWNHCVQFGDGKPENWKTGN
UWNHKVQGXGPVWCNOGPVGRTGUGPVG


2KEVQITCOCU
)#C)#%
2KEVQITCOCU)#C)#%
2KEVQITCOCU)#C)#%

4GHGTGPEKC
&GUKIPCEKP
2WPVQFGFTGPCLGOCPWCNFGEQPFGPUCFQ
2WPVQFGFTGPCLGCWVQOVKEQFGEQPFGPUCFQ
#XKUQXQNVCLG
#XKUQFGUEQPGEVCTGNXQNVCLG[FGURTGUWTK\CTGNEQORTGUQTCPVGUFGTGCNK\CT
TGRCTCEKQPGU
#XKUQEQPUWNVGGN.KDTQFGKPUVTWEEKQPGUGPNQTGHGTGPVGCNUGPVKFQFGIKTQFGNOQVQT
CPVGUFGEQPGEVCTGNEQORTGUQTGNEVTKECOGPVG
2CTGUFGCRTKGVGRCTCRGTPQUFGCEGTQ
(GQNCVP
%W<P
%QPUWNVGGNNKDTQFGKPUVTWEEKQPGUCPVGUFGGPITCUCT
#EGKVGNKIGTCOGPVGNCLWPVCFGNHKNVTQFGCEGKVGCVQTPNNGNQ[CRTKVGNQCOCPQ
OGFKC
XWGNVCCRTQZKOCFCOGPVG
#XKUQRCTGGNEQORTGUQTCPVGUFGTGRCTCTNQUXGPVKNCFQTGU

#XKUQFGUEQPGEVGGNXQNVCLGCPVGUFGSWKVCTNCEWDKGTVCRTQVGEVQTCFGPVTQFGN
EWDEWNQGNEVTKEQ

%QPUWNVGGN.KDTQFGKPUVTWEEKQPGUCPVGUFGTGCNK\CTOCPVGPKOKGPVQ

#XKUQTKGUIQRQVGPEKCNFGFKURCTQTGRGPVKPQFGNOWGNNGFGDCLQFGNCEWDKGTVCFGN
FGUECTICFQTFWTCPVGGNFGUOQPVCLGUQNKEKVGC#VNCU%QREQSWGTGCNKEGNCU
TGRCTCEKQPGUPGEGUCTKCU

#PVGUFGNCTTCPSWGKPKEKCN
5GIWTKFCF
'NQRGTCFQTFGDGQDUGTXCTVQFCUNCURTGECWEKQPGUFGUGIWTKFCFRGTVKPGPVGUKPENWKFCU
NCUSWGUGKPFKECPGPGNRTGUGPVGOCPWCN
(WPEKQPCOKGPVQGPCNVKVWFGZVGTKQTGU
5KGNEQORTGUQTUGGPEWGPVTCKPUVCNCFQGPGZVGTKQTGUQUKGURQUKDNGSWGNCVGORGTCVWTCFGCURKTCEKPFGN
CKTGFGUEKGPFCRQTFGDCLQFG%(JC[SWGVQOCTRTGECWEKQPGU%QPUWNVGC#VNCU%QREQGPVCN
ECUQ[VCODKPUKHWPEKQPCCWPCCNVKVWFUWRGTKQTCO
HV
&GURNC\COKGPVQNGXCPVCOKGPVQRCTC)#C)#%
'URQUKDNGFGURNC\CTGNEQORTGUQTEQPC[WFCFGWPCECTTGVKNNCGNGXCFQTCGPNCUTCPWTCUFGNDCUVKFQT
2TQEWTGPQFCCTNCECTTQEGTCFWTCPVGGNNGXCPVCOKGPVQQVTCPURQTVG#UGITGUGFGSWGNCUJQTSWKNNCU
UQDTGUCNGPFGUFGGNQVTQNCFQFGNDCUVKFQT'NEQORTGUQTVCODKPRWGFGGNGXCTUGFGURWUFGKPUGTVCT
XKICUGPNCUTCPWTCU#UGITGUGFGSWGNCUXKICUPQUGFGUNK\CP[SWGUQDTGUCNGPFGUFGGNDCUVKFQTFG
OCPGTCWPKHQTOG.CUECFGPCUFGDGPOCPVGPGTUGRCTCNGNCUCNCECTTQEGTCEQPC[WFCFGUGRCTCFQTGUFG
ECFGPCRCTCPQFCCTCNEQORTGUQT'NGSWKRQFGNGXCPVCOKGPVQFGDGGUVCTRQUKEKQPCFQFGHQTOCSWGGN
EQORTGUQTUGNGXCPVGXGTVKECNOGPVG.GXPVGNQEQPUWCXKFCFRTQEWTCPFQSWGPQUGVWGT\C
#TTCPSWG[RCTCFCCFKUVCPEKCGPEQORTGUQTGUFQVCFQUFGNTGIWNCFQT'NGMVTQPKMQP+
&GLGSWGNCUOQFKHKECEKQPGUNCUEQORTWGDG#VNCU%QREQ2CTGGNEQORTGUQT[
FGUEQPGEVGGNXQNVCLGCPVGUFGEQPGEVCTGSWKRQGZVGTPQ5GRGTOKVGPPKECOGPVG
EQPVCEVQUNKDTGUFGXQNVCLG
#TTCPSWG[RCTCFCCFKUVCPEKC
%QPGEVGWPDQVPFGCTTCPSWGRCTCFCRTQITCOCFCGPVTGNQUDQTPGU[FGNVCDNGTQFGDQTPGU
:%QPUWNVGNCUGEEKP5KUVGOCGNEVTKEQRCTCNQECNK\CTNCTGINGVCFGDQTPGU
+PFKECEKPGZVGTPCFGNGUVCFQFGNEQORTGUQTGPEQORTGUQTGUGSWKRCFQUEQPWPTGIWNCFQT'NGMVTQPKMQP++
'NTGIWNCFQT'NGMVTQPKMQP++GUVFQVCFQFGEQPVCEVQUCWZKNKCTGU
---[-RQTGNNCFQFG
CVTUFGNOFWNQRCTCKPFKECEKPGZVGTPCFG
DCLCQCNVCRTGUKPFGNCKTG
-EGTTCFQUUKIPKHKECCNVCRTGUKPFGNCKTG
ECTICFGUECTICOCPWCNQHWPEKQPCOKGPVQCWVQOVKEQ
-
GUVCFQFGCXKUQ
-
GUVCFQFGRCTCFCFGCNCTOC
-
%CTICOZKOCRCTCNQUEQPVCEVQU#8%#2CTGGNEQORTGUQT[FGUEQPGEVGGNXQNVCLGCPVGUFG
EQPGEVCTGSWKRQGZVGTPQ%QPUWNVGC#VNCU%QREQ

/QFQUFGEQPVTQNFGNEQORTGUQTGPEQORTGUQTGUFQVCFQUFGNTGIWNCFQT'NGMVTQPKMQP++
&GLGSWGNCUOQFKHKECEKQPGUNCUEQORTWGDG#VNCU%QREQ2CTGGNEQORTGUQT[
FGUEQPGEVGGNXQNVCLGCPVGUFGEQPGEVCTGSWKRQGZVGTPQ5GRGTOKVGPPKECOGPVG
EQPVCEVQUNKDTGUFGXQNVCLG
%QPUWNVGNCUGEEKP2TQITCOCTOQFQUFGEQPVTQNFGNEQORTGUQTUKUGSWKGTGEQPOWVCTCQVTQOQFQFG
EQPVTQN
'URQUKDNGUGNGEEKQPCTNQUOQFQUFGEQPVTQNSWGUKIWGP
%QPVTQNNQECN'NEQORTGUQTTGURQPFGTCOCPFQUKPVTQFWEKFQUEQPC[WFCFGNQUDQVQPGUGPGNRCPGN
FGEQPVTQN.QUOCPFQUFGCTTCPSWGRCTCFCFGNEQORTGUQTGUVPCEVKXQURQTOGFKQFGNCHWPEKP4GNQL
UKGUVPRTQITCOCFQU
%QPVTQNTGOQVQ'NEQORTGUQTTGCEEKQPCTCNQUOCPFQUFGKPVGTTWRVQTGUGZVGTPQU3WGFCCEVKXCNC
RCTCFCFGGOGTIGPEKC5KGORTGGURQUKDNGCEEGFGTCNQUOCPFQUFGCTTCPSWGRCTCFCFGNEQORTGUQT
RQTOGFKQFGNCHWPEKP4GNQL
2CTCCTTCPSWG[RCTCFCCFKUVCPEKCGP)#JCUVC)#%
%QPGEVGWPDQVPFGCTTCPSWGRCTCFCRTQITCOCFCGPVTGNQUDQTPGU[FGNEQPGEVQT
:
%QPUWNVGNCUGEEKP5KUVGOCGNEVTKEQRCTCNQECNK\CTNCTGINGVCFGDQTPGU
2WGPVGGNQUDQTPGU[FGNEQPGEVQT
:GPGUVGOQFQGNVTCPUFWEVQTFGRTGUKP
26
UKGORTGFGVGEVCNCRTGUKPFGUCNKFCNQSWGRTQXQECNCECTIC[FGUECTICFGNEQORTGUQTCNCU
RTGUKQPGURTQITCOCFCUGPGNTGIWNCFQTGNGEVTPKEQ5KNQUDQTPGU[FGNEQPGEVQT
:PQ
GUVPRWGPVGCFQUGNEQORTGUQTGURWGUVQHWGTCFGHWPEKQPCOKGPVQCWVQOVKEQFGECTICFGUECTIC
[UKIWGHWPEKQPCPFQGPFGUECTIC%QPUWNVGNCUGEEKP5KUVGOCGNEVTKEQRCTCNQECNK\CTNCTGINGVCFG
DQTPGU
2CTCECTICFGUECTICCFKUVCPEKC
OGFKCPVGGNRTGUQUVCVQGZVGTPQGP)#JCVUC)#%
2WGPVGGNQUDQTPGU[FGNEQPGEVQT
:[EQPGEVGWPKPVGTTWRVQTFGECTICFGUECTICGPVTGNQU
DQTPGU[FGFKEJQEQPGEVQT
:'UVQRTQXQECNCECTIC[FGUECTICFGNEQORTGUQTCNCU
RTGUKQPGUFGEKGTTG[CRGTVWTCTGURGEVKXCOGPVGFGNRTGUQUVCVQGZVGTPQ
%QPVTQN.#0'NEQORTGUQTXCEQPVTQNCFQOGFKCPVGWPCTGFFGTGCNQECN%QPUWNVGC#VNCU%QREQ

#TTCPSWGKPKEKCN
5GIWTKFCF
2TQEGFKOKGPVQ
2CTCEQPQEGTNCRQUKEKPFGNCXNXWNCFGUCNKFCFGCKTG[NCUEQPGZKQPGUFGFTGPCLG
EQPUWNVGNCUUGEEKQPGU+PVTQFWEEKP[5KUVGOCFGEQPFGPUCFQ

(KLCEKQPGUFGVTCPURQTVGFGNOQVQTGP)#C)#%
2QUKEKPFGNCOKTKNNCFGNPKXGNFGCEGKVGGP)#C)#%

%WDEWNQGNEVTKEQGP)#C)#%GLGORNQVRKEQ

%QPUWNVGNCUUGEEKQPGU6COCQFGECDNGUGNEVTKEQU2TQRWGUVCUFGKPUVCNCEKP[&KDWLQUFG
FKOGPUKQPGU
*C[SWGSWKVCTNQUHKLCFQTGUFGVTCPURQTVGRKPVCFQUFGTQLQUKIWKGPVGU
2GTPQU

%CUSWKNNQU

5QRQTVGU

'P)#C)#%GZVTCKICNQUECUSWKNNQUFGCODQUUQRQTVGUFGNCECLCFGGPITCPCLGU[CODQU
UQRQTVGUFGNFGRUKVQFGCKTG
'P)#C)#%(WNN(GCVWTG[RCTCWPUWOKPKUVTQFGXQNVCLGFKUVKPVQFG88Q
8 0UGRTQRQTEKQPCWPVTCPUHQTOCFQT
6'ZVTCKICVCODKPNQUUQRQTVGUFGDCLQFGN
OKUOQ8CUG%QPGZKQPGUGNEVTKECU
%QORTWGDGSWGGUVPJGEJCUNCUEQPGZKQPGUGNEVTKECUEQPHQTOGCNQUEFKIQUNQECNGU[SWG
VQFQUNQUECDNGUGUVPDKGPUWLGVQUCUWUDQTPGU
'NGSWKRQFGDGRQPGTUGCVKGTTC[RTQVGIGTUGFGEQTVQEKTEWKVQURQTOGFKQFGHWUKDNGUFGVKRQ
KPGTVGGPVQFCUNCUHCUGU&GDGKPUVCNCTUGWPKPVGTTWRVQTUGRCTCFQTEGTECFGNEQORTGUQT
%QORTWGDGSWGGNVTCPUHQTOCFQT
6GUVDKGPEQPGEVCFQ
%QORTWGDGGNCLWUVGFGNTGNFGUQDTGECTICFGNOQVQTFGCEEKQPCOKGPVQ
(
%QORTWGDGSWGGNTGNFGUQDTGECTICXCCLWUVCFQRCTCTGCTOGOCPWCN
+PUVCNGNCXNXWNCFGUCNKFCFGCKTG
#8EQPUWNVGNCUGEEKP+PVTQFWEEKPRCTCEQPQEGTNC
RQUKEKPFGNCXNXWNC
%KGTTGNCXNXWNC
%QPGEVGNCTGFFGCKTGCNCXNXWNC
'PEQORTGUQTGUGSWKRCFQUEQPWPCFGTKXCEKPFGUGECFQTKPUVCNGNCXNXWNCFGUCNKFCFGCKTGGP
GNVWDQFGFGTKXCEKPFGNUGECFQT
5KGUVGSWKRCFQEQPGEVGNCXNXWNCFGFTGPCLGOCPWCNFGNEQPFGPUCFQ
&O
%KGTTGNCXNXWNC
%QPGEVGNCXNXWNCCWPEQNGEVQTFGFTGPCLG
5KGUVGSWKRCFQEQPGEVGNCUCNKFCFGFTGPCLGCWVQOVKEQ
&CCWPEQNGEVQTFGFTGPCLG
.QUVWDQUFGFTGPCLGCNEQNGEVQTPQFGDGPGPVTCTGPEQPVCEVQEQPGNCIWC5KNCUVWDGTCUGUVP
KPUVCNCFCUGPGNGZVGTKQTFGWPCUCNCFQPFGUGRWGFGPRTQFWEKTJGNCFCUJC[SWGCKUNCTNCU2CTC
UCECTCIWCEQPFGPUCFCRWTCJC[SWGKPUVCNCTWPUGRCTCFQTFGCEGKVGCIWCFGXGPVCEQOQ
CEEGUQTKQQREKQPCNGP#VNCU%QREQ%QPUWNVGNCUGEEKP7PKFCF15&
%QORTWGDGGNPKXGNFGCEGKVG
'P)#C)#%NCCIWLCFGNKPFKECFQT
)+FGDGGPEQPVTCTUGGPGNECORQUWRGTKQTFGNC\QPC
XGTFGQRQTGPEKOCFGGNNC
5GRWGFGCCFKTCEGKVGEQPNCDQVGNNCFGCEGKVGFG#VNCU%QREQSWGUGUWOKPKUVTCRQTUGRCTCFQ
LWPVQEQPGNEQORTGUQT
2TQXCUGFGCFJGUKXQUSWGCXKUGPCNQRGTCFQTFGSWG
'URQUKDNGSWGGNEQORTGUQTXWGNXCCCTTCPECTCWVQOVKECOGPVGFGURWUFGKPVGTTWREKPFGN
XQNVCLG
UKGUVCEVKXCFQEQPUWNVGC#VNCU%QREQ
'NEQORTGUQTXCEQPVTQNCFQCWVQOVKECOGPVG[RWGFGSWGCTTCPSWGGPEWCNSWKGTOQOGPVQ
%QPGEVGGNXQNVCLG#TTCPSWGGNEQORTGUQT[RTGNQCNKPUVCPVG%QORTWGDGNCFKTGEEKPFG
TQVCEKPFGNOQVQTFGCEEKQPCOKGPVQ
/EWCPFQIKTCRQTKPGTEKC
'PEQORTGUQTGUTGHTKIGTCFQURQTCKTGEQORTWGDGVCODKPNCFKTGEEKPFGTQVCEKPFGNOQVQTFGN
XGPVKNCFQT
.QUEQORTGUQTGU)#C)#%GUVPFQVCFQUFGWPTGNFGUGEWGPEKCFGHCUG
5KGNEQORTGUQTPQNQITCTCCTTCPECTEQORTWGDGGNFKURNC[
5KGNFKURNC[OWGUVTCGNRKEVQITCOCFGUQDTGECTICFGNOQVQTQFGNOQVQTFGNXGPVKNCFQT
'NGMVTQPKMQP+EQORTWGDGGNTGNFGUGEWGPEKCFGHCUG
5KGNFKURNC[OWGUVTCWPOGPUCLGFG 5QDTGECTIOQVQT Q /QVQTXGPVKNCF
'NGMVTQPKMQP++
EQORTWGDGGNTGNFGUGEWGPEKCFGHCUG
5KGN.'&COCTKNNQGUVCRCICFQNCFKTGEEKPFGTQVCEKPGUKPEQTTGEVCUKGN.'&GUV
GPEGPFKFQTGCTOGGNTGNFGUQDTGECTIC
(
.CFKTGEEKPFGTQVCEKPEQTTGEVCFGNOQVQTFGCEEKQPCOKGPVQGUGPUGPVKFQFGNCUCIWLCUFG
WPTGNQLOKTCPFQCNXGPVKNCFQTFGNOQVQT
XKUVQFGUFGGNNCFQPQCEEKQPCFQFGNOQVQT'NOQVQT
VKGPGITCDCFCWPCHNGEJC
2CTCGNOQVQTFGNXGPVKNCFQTNCFKTGEEKPFGTQVCEKPEQTTGEVCGUGPUGPVKFQQRWGUVQCNFGNCU
CIWLCUFGWPTGNQLOKTCPFQCNXGPVKNCFQTFGUFGGPEKOCFGNEQORTGUQT
5KNCFKTGEEKPFGTQVCEKPFGNOQVQTFGCEEKQPCOKGPVQGUKPEQTTGEVCFGUEQPGEVGGNXQNVCLGG
KPXKGTVCFQUEQPGZKQPGUFGNCUNPGCUGNEVTKECUFGGPVTCFC
5KNCFKTGEEKPFGTQVCEKPGUKPEQTTGEVCFGUEQPGEVGGNXQNVCLGGKPXKGTVCFQUEQPGZKQPGUFG
GPVTCFCGPNQUDQTPGUFGNFKU[WPVQT
3
7PCFKTGEEKPFGTQVCEKPKPEQTTGEVCFGNOQVQTFGCEEKQPCOKGPVQRWGFGECWUCTFCQUCN
EQORTGUQT
'PEQORTGUQTGUGSWKRCFQUEQPWPTGIWNCFQT'NGMVTQPKMQP+EQORTWGDGNQUCLWUVGUXCUGNC
UGEEKP#LWUVGU
'PEQORTGUQTGUGSWKRCFQUEQPWPTGIWNCFQT'NGMVTQPKMQP++EQORTWGDGNQUCLWUVGU
RTQITCOCFQU%QPUWNVGNCUGEEKP#LWUVGURTQITCOCDNGU
2QPICGNEQORTGUQTGPOCTEJC[FGLGSWGHWPEKQPGFWTCPVGCNIWPQUOKPWVQU%QORTWGDGSWGGN
EQORTGUQTHWPEKQPCEQPPQTOCNKFCF


#PVGUFGCTTCPECT
2TQEGFKOKGPVQ

%QORTWGDGGNPKXGNFGCEGKVGCCFCUKGURTGEKUQ8CUGNCUGEEKP#TTCPSWGKPKEKCN
'P)#C)#%UKGUVEQORNGVCOGPVGGZVTCFCNCRCTVGTQLCFGNKPFKECFQTFGUGTXKEKQFGN
HKNVTQFGCKTGTGGORNCEGGNGNGOGPVQHKNVTCPVGFGCKTG4GRQUKEKQPGGNKPFKECFQTFGUGTXKEKQ
8+
CRTGVCPFQGNDQVPGPGNGZVTGOQFGNEWGTRQ[TGCTOGGNCXKUQFGUGTXKEKQ
2CTCEQORTGUQTGUGSWKRCFQUEQPWPTGIWNCFQT'NGMVTQPKMQP+XCUGNCUGEEKP+PXQECEKPFG
TGCTOGFGVGORQTK\CFQTFGUGTXKEKQ
'PEQORTGUQTGUGSWKRCFQUEQPWPTGIWNCFQT'NGMVTQPKMQP++XCUGNCUGEEKP/GP5GTXKEKQ
#TTCPSWG
2TQEGFKOKGPVQ
2CTCEQPQEGTNCRQUKEKPFGNCXNXWNCFGUCNKFCFGCKTG[NCUEQPGZKQPGUFGFTGPCLG
EQPUWNVGNCUUGEEKQPGU+PVTQFWEEKP[5KUVGOCFGEQPFGPUCFQ
2CPGNFGEQPVTQNFG'NGMVTQPKMQP+
2CPGNFGEQPVTQNFG'NGMVTQPKMQP++


2CUQ
#EEKP
%QPGEVGGNXQNVCLG%QORTWGDGSWGUGGPEKGPFGGN.'&FGXQNVCLGEQPGEVCFQ

#DTCNCXNXWNCFGUCNKFCFGCKTG
%KGTTGNCXNXWNCFGFTGPCLGFGEQPFGPUCFQ
&O
2WNUGGNDQVPFGCTTCPSWG
FGNRCPGNFGEQPVTQN'NEQORTGUQTUGRQPGGPOCTEJC[GN.'&
FGHWPEKQPCOKGPVQCWVQOVKEQ
UGGPEKGPFG&KG\UGIWPFQUFGURWUFGCTTCPECTGNOQVQTFG
CEEKQPCOKGPVQEQPOWVCFGGUVTGNNCCVTKPIWNQ[GNEQORTGUQTGORKG\CCHWPEKQPCTGPECTIC
&WTCPVGGNHWPEKQPCOKGPVQ
2TQEGFKOKGPVQ
2CPGNFGEQPVTQN'NGMVTQPKMQP+
2CPGNFGEQPVTQN'NGMVTQPKMQP++

2QUKEKPFGNCOKTKNNCFGPKXGNFGCEGKVGGP)#C)#%
%QORTWGDGGNPKXGNFGCEGKVGFWTCPVGGNHWPEKQPCOKGPVQGPECTICNCCIWLCFGNOCPOGVTQFGPKXGN
)N
FGDGJCNNCTUGGPNC\QPCXGTFGUKPQGUCURWNUGGNDQVPFGRCTCFC
GURGTGCSWGGNEQORTGUQTUG
RCTGFGURTGUWTKEGGNUKUVGOCFGCEGKVG
FGUCVQTPKNNGGNVCRPFGNNGPCFQFGCEGKVG(%WPCUQNCXWGNVC[
GURGTGWPQUOKPWVQU'ZVTCKICGNVCRP[CCFCCEGKVGJCUVCSWGGNPKXGNCNECPEGNCCDGTVWTCFGNVCRPFG
NNGPCFQ+PUVCNG[CRTKGVGGNVCRP
(%
5KGUVEQORNGVCOGPVGGZVTCFCNCRCTVGEQNQTGCFCFGNKPFKECFQTFGUGTXKEKQ
8+TGGORNCEGGNGNGOGPVQ
FGNHKNVTQFGCKTG4GRQUKEKQPGGNKPFKECFQTFGUGTXKEKQCRTGVCPFQGNDQVPGPGNGZVTGOQFGNEWGTRQ
5KGUVGPEGPFKFQGN.'&FGHWPEKQPCOKGPVQCWVQOVKEQ
GNTGIWNCFQTIQDKGTPCGNEQORTGUQT
CWVQOVKECOGPVGGUFGEKTECTICTFGUECTICTRCTCTNQUOQVQTGU[XQNXGTCCTTCPECT
5KGUVRTQXKUVQEQORTWGDGSWGUGFGUECTICEQPFGPUCFQFWTCPVGGNHWPEKQPCOKGPVQ%QPUWNVGNCUGEEKP
5KUVGOCFGEQPFGPUCFQ[GPECUQFGWP15&EQORTWGDGVCODKPGNPKXGNFGNEQNGEVQTFGCEGKVG
EQPUWNVGNCUGEEKP+PUVTWEEKQPGUFGOCPVGPKOKGPVQ[HWPEKQPCOKGPVQFG15&.CECPVKFCFFG
EQPFGPUCFQFGRGPFGFGNCUEQPFKEKQPGUFGVTCDCLQ[NCUEQPFKEKQPGUOGFKQCODKGPVCNGU


%QORTQDCTGNFKURNC[
2TQEGFKOKGPVQ
2CPGNFGEQPVTQN'NGMVTQPKMQP+
2CPGNFGEQPVTQN'NGMVTQPKMQP++
'PEQORTGUQTGUGSWKRCFQUEQPWPTGIWNCFQT'NGMVTQPKMQP+EQORTWGDGGNFKURNC[
TGIWNCTOGPVGNQU
RKEVQITCOCUKPFKECPGNGUVCFQFGNEQORTGUQTXCUGNCUGEEKP2KEVQITCOCUWVKNK\CFQUGPNCRCPVCNNC
*CICNCUIGUVKQPGUPGEGUCTKCUUKGUVGPEGPFKFQQRCTRCFGCGN.'&FGCNCTOC
XCPUGNCUUGEEKQPGU
#XKUQFGUGTXKEKQ#XKUQFGRCTCFCFGCNCTOC[2CTCFCFGCNCTOC
'PEQORTGUQTGUGSWKRCFQUEQPWPTGIWNCFQT'NGMVTQPKMQP++EQORTWGDGGNFKURNC[
TGIWNCTOGPVGRCTC
XGTUKJC[CXKUQUQOGPUCLGU0QTOCNOGPVGGNFKURNC[OWGUVTCNCRTGUKPFGUCNKFCFGNEQORTGUQTNC
UKVWCEKPFGNEQORTGUQT[NCUCDTGXKCVWTCUFGNCUHWPEKQPGUFGNCUVGENCUFGDCLQFGNFKURNC[*CICNCU
IGUVKQPGUPGEGUCTKCUUKGUVGPEGPFKFQQRCTRCFGCGN.'&FGCNCTOC
XCUGNCUGEEKP/GP&CVQUFG
GUVCFQ
'PGNFKURNC[
CRCTGEGTWPCPQVKEKCFGUGTXKEKQUKUGJCGZEGFKFQWPKPVGTXCNQFGNRNCPFGUGTXKEKQQGN
PKXGNFGUGTXKEKQFGWPQFGNQUEQORQPGPVGUOQPKVQTK\CFQU.NGXGCECDQNCUCEEKQPGUFGUGTXKEKQFGNQU
RNCPGUKPFKECFQUQTGGORNCEGGNEQORQPGPVG[TGUVCDNG\ECGNVGORQTK\CFQTGPEWGUVKPXCUGNCUGEEKP
/GP&CVQUFGGUVCFQ


2CTCFC
4GIWNCFQT'NGMVTQPKMQP
2CPGNFGEQPVTQNFG'NGMVTQPKMQP+
2CPGNFGEQPVTQNFG'NGMVTQPKMQP++
2TQEGFKOKGPVQ

2CUQ
#EEKP
2WNUGGNDQVPFGRCTCFC
'N.'&FGHWPEKQPCOKGPVQCWVQOVKEQ
UGCRCIC[GN
EQORTGUQTUGFGVKGPGVTCPUEWTTKFQUUGIWPFQUFGHWPEKQPCOKGPVQUKPECTIC
2CTCRCTCTGNEQORTGUQTGPECUQFGGOGTIGPEKCRWNUGGNDQVPFGRCTCFCFG
GOGTIGPEKC
'N.'&FGCNCTOC
RCTRCFGC
'PEQORTGUQTGUEQP'NGMVTQPKMQP+FGURWUFGUQNWEKQPCTNCCXGTCVKTGFGNDQVP
RCTCFGUDNQSWGCTNQ[RWNUGNCVGENCFGTGCTOG
CPVGUFGTGCTTCPECT
'PEQORTGUQTGUEQP'NGMVTQPKMQP++FGURWUFGUQNWEKQPCTNCCXGTCVKTGFGNDQVP
RCTCFGUDNQSWGCTNQ[RWNUGNCVGENC 4GCT
CPVGUFGTGCTTCPECT
%KGTTGNCXNXWNCFGUCNKFCFGCKTG
#8EQPUWNVGNCUGEEKP+PVTQFWEEKP
#DTCNCXNXWNCFGFTGPCLGFGEQPFGPUCFQ
&O%QPUWNVGNCUGEEKP5KUVGOCFG
EQPFGPUCFQ

2WGUVCHWGTCFGUGTXKEKQ
2TQEGFKOKGPVQ
2CUQ
#EEKP
2CTGGNEQORTGUQT[EKGTTGNCXNXWNCFGUCNKFCFGCKTG
&GUEQPGEVGGNXQNVCLG[UGRCTGGNEQORTGUQTFGNCTGFOCVTK\
&GURTGUWTKEGGNEQORTGUQTCDTKGPFQGNVCRP
(%%QPUWNVGNCUGEEKP%CODKQFG
CEGKVG[HKNVTQUFGCEGKVGRCTCNQECNK\CTGNVCRPFGTGNNGPQ
#DTCNCXNXWNCFGFTGPCLGFGEQPFGPUCFQ
&O%QPUWNVGNCUGEEKP5KUVGOCFG
EQPFGPUCFQRCTCNQECNK\CTNCXNXWNCFGFTGPCLG
%KGTTG[FGURTGUWTKEGNCRCTVGFGNCTGFFGCKTGEQPGEVCFCCNCXNXWNCFGUCNKFC
5GRCTGGNVWDQFGUCNKFCFGCKTGFGNEQORTGUQTFGNCTGFFGCKTG
8CEGGNCEGKVG
8CEGGNEKTEWKVQFGEQPFGPUCFQ[FGUEQPGEVGNQUVWDQUFGEQPFGPUCFQFGNCTGFFG
EQPFGPUCFQ

/CPVGPKOKGPVQ

2CTC)#C)#%
.QUEQLKPGVGUFGNOQVQTGUVPNWDTKECFQUFGRQTXKFC

#XKUQ
#PVGUFGNNGXCTCECDQEWCNSWKGTQRGTCEKPFGOCPVGPKOKGPVQTGRCTCEKPQCLWUVG
RTQEGFCFGNCUKIWKGPVGOCPGTC
2CTGGNEQORTGUQT
2WNUGGNDQVPFGRCTCFCFGGOGTIGPEKC
&GUEQPGEVGGNXQNVCLG
%KGTTGNCXNXWNCFGUCNKFCFGCKTG[CDTCNCXNXWNCFGFTGPCLGOCPWCNFGN
EQPFGPUCFQUKGZKUVG
&GURTGUWTKEGGNEQORTGUQT
2CTCQDVGPGTKPUVTWEEKQPGUFGVCNNCFCUEQPUWNVG5QNWEKPFGRTQDNGOCU
)CTCPVC[TGURQPUCDKNKFCFFGNRTQFWEVQ
7VKNKEGPKECOGPVGRKG\CUCWVQTK\CFCU%WCNSWKGTFCQQCXGTCTGUWNVCPVGFGNWUQFGRKG\CUPQ
CWVQTK\CFCUPQGUVEWDKGTVQRQTNC)CTCPVCPKRQTNC4GURQPUCDKNKFCFFGN2TQFWEVQ
,WGIQUFGUGTXKEKQ
UGTXKEGMKVU
5GGPEWGPVTCPFKURQPKDNGU UGTXKEGMKVU RCTCTGXKUKQPGUQOCPVGPKOKGPVQRTGXGPVKXQ
XCUGNCUGEEKP
,WGIQUFGUGTXKEKQ
UGTXKEGMKVU
%QPVTCVQUFGUGTXKEKQ
#VNCU%QREQQHTGEGXCTKQUVKRQUFGEQPVTCVQUFGUGTXKEKQGXKVPFQNGCUEWCNSWKGTVTCDCLQFG
OCPVGPKOKGPVQRTGXGPVKXQ%QPUWNVGCN%GPVTQFG5GTXKEKQC%NKGPVGUFG#VNCU%QREQ
)GPGTCNKFCFGU
#NTGXKUCTECODKGVQFCUNCULWPVCULWPVCUVTKECU[CTCPFGNCUFGUOQPVCFCU
+PVGTXCNQU
'N%GPVTQFG5GTXKEKQC%NKGPVGUFG#VNCU%QREQNQECNRWGFGQDXKCTGNRTQITCOCFGOCPVGPKOKGPVQ
GURGEKCNOGPVGGPNQSWGUGTGHKGTGCNQUKPVGTXCNQUFGUGTXKEKQGPHWPEKPFGNCUEQPFKEKQPGUCODKGPVCNGU
[FGVTCDCLQFGNEQORTGUQT
.CUEQORTQDCEKQPGUFGNQUKPVGTXCNQUNCTIQUFGDGPVCODKPKPENWKTNCUFGNQUKPVGTXCNQUEQTVQU

#EEKQPGUFGUGTXKEKQRCTCEQORTGUQTGUEQPTGIWNCFQT'NGMVTQPKMQP+
#FGOUFGNCUEQORTQDCEKQPGUFKCTKCU[VTKOGUVTCNGUNCUQRGTCEKQPGUFGUGTXKEKQUGCITWRCPGP
KPVGTXCNQUFGVKGORQ
JQTCUFGHWPEKQPCOKGPVQ'NTGIWNCFQTGUVFQVCFQFGWPVGORQTK\CFQTFGUGTXKEKQ
RTQITCOCDNG#RCTGEGTWPCXKUQFGUGTXKEKQCNCNECP\CTGNVGORQTK\CFQTFGUGTXKEKQGNKPVGTXCNQFG
VKGORQRTQITCOCFQEQPUWNVGNCUGEEKP#XKUQFGUGTXKEKQ'PVCNECUQJC[SWGEQORTQDCTNCUJQTCUFG
HWPEKQPCOKGPVQ4GCNKEGNCUQRGTCEKQPGUFGUGTXKEKQSWGEQTTGURQPFGPCNCUJQTCUFGHWPEKQPCOKGPVQ
GURGEKHKECFCUGPGNRTQITCOCUKIWKGPVG4GCTOGGNVGORQTK\CFQTFGUGTXKEKQFGURWUFGCECDCFQGN
UGTXKEKQEQPUWNVGNCUGEEKP+PXQECEKPTGCTOGFGVGORQTK\CFQTFGUGTXKEKQ
2NCPGUFGUGTXKEKQRCTCEQORTGUQTGUEQPTGIWNCFQT'NGMVTQPKMQP++
#FGOUFGNCUEQORTQDCEKQPGUFKCTKCU[VTKOGUVTCNGUNCUQRGTCEKQPGUFGUGTXKEKQUGCITWRCPGPRNCPGU
NNCOCFQU2NCPGUFG5GTXKEKQ#$GVEEQOQUGGURGEKHKECGPGNRTQITCOCUKIWKGPVG%CFCRNCPVKGPGWP
KPVGTXCNQFGVKGORQRTQITCOCFQCNSWGFGDGPNNGXCTUGCECDQVQFCUNCUCEEKQPGUFGUGTXKEKQ
RGTVGPGEKGPVGUCFKEJQRNCP#NCNECP\CTGNKPVGTXCNQCRCTGEGTWPOGPUCLGGPNCRCPVCNNCSWGKPFKECSW
2NCPGUFGUGTXKEKQFGDGPTGCNK\CTUGEQPUWNVGNCUGEEKP/GP&CVQUFGGUVCFQ*C[SWGTGCTOCTNQU
KPVGTXCNQUFGURWUFGNUGTXKEKQEQPUWNVGNCUGEEKP/GP5GTXKEKQ
)GPGTCNKFCFGU
2GTQFQ
1RGTCEKP
&KCTKQ
%QORTWGDGGNPKXGNFGNCEGKVG
%QORTWGDGNCUKPFKECEKQPGUGPGNFKURNC[
%QORTWGDGSWGUGFGUECTICEQPFGPUCFQFWTCPVGNCECTIC
2WTIWGGNEQPFGPUCFQ
2CTC)#C)#%EQORTWGDGGNKPFKECFQTFGUGTXKEKQFGNHKNVTQFGCKTG
%CFCOGUGU
%QORTWGDGNQUTGHTKIGTCFQTGUNORKGNQUGPECUQRTGEKUQ
2CTC)#C)#%EQP+(&EQORTWGDGGNEQPFGPUCFQTFGNUGECFQT[NORKGNQUKGU
PGEGUCTKQ
'ZVTCKICGNGNGOGPVQHKNVTCPVGFGCKTG.KORKCTEQPEJQTTQFGCKTG[TGXKUCT
/UCOGPWFQUKUGVTCDCLCGPWPCODKGPVGRQNXQTKGPVQ
4GGORNCEGGNGOGPVQUFCCFQUQOW[EQPVCOKPCFQU
2CTC)#C)#%
*QTCUFG
HWPEKQPCOKGPVQ
2NCPFGUGTXKEKQ
1RGTCEKP

5KUGWVKNK\C#VNCU%QREQ(QQF)TCFG(NWKFECODKGGNCEGKVG[
TGGORNCEGGNHKNVTQFGCEGKVG

5KUGWVKNK\C#VNCU%QREQ4QVQKPLGEV(NWKFECODKGGNCEGKVG[

5KUGWVKNK\C#VNCU%QREQ5[PVJGVKE2#1(NWKFRCTCCRNKECEKQPGUFG
OGODTCPCECODKGGNCEGKVG[TGGORNCEGGNHKNVTQFGCEGKVG

4GGORNCEGGNGNGOGPVQHKNVTCPVGFGCKTG

%QORTWGDGNCUNGEVWTCUFGRTGUKP[VGORGTCVWTC

.NGXGCECDQWPCRTWGDCFGNQU.'&FKURNC[

%QORTWGDGRQTUKJC[HWICUFGCKTG

.KORKGNQUTGHTKIGTCFQTGU

*QTCUFG
HWPEKQPCOKGPVQ
2NCPFGUGTXKEKQ
1RGTCEKP

2CTC)#C)#%EQP+(&NKORKGGNEQPFGPUCFQTFGNUGECFQT

'ZVTCKICFGUOCPVGNG[NKORKGNCXNXWNCFGHNQVCFQTFGNEQNGEVQT
FGEQPFGPUCFQ%QPUWNVGNCUGEEKP5KUVGOCFGEQPFGPUCFQ

2TWGDGNCHWPEKPFGRCTCFCFGVGORGTCVWTC

2TWGDGNCUXNXWNCUFGUGIWTKFCF

5KUGWVKNK\C#VNCU%QREQ*&4QVQ(NWKF2NWUECODKGGNCEGKVG[

4GGORNCEGGNUGRCTCFQTFGCEGKVG1UKNCECFCFGRTGUKPUQDTG
GNUGRCTCFQTGZEGFGDCT
RUK%QORTWGDGNCECFCFG
RTGUKPEQPGNEQORTGUQTVTCDCLCPFQGPECTIC[RTGHGTKDNGOGPVG
EQPWPCRTGUKPFGVTCDCLQGUVCDNG

5KUGWVKNK\C#VNCU%QREQ4QVQ'ZVTGOG&WV[(NWKFECODKGGN
CEGKVG[TGGORNCEGGNHKNVTQFGCEGKVG
+ORQTVCPVG
%QPUWNVGUKGORTGC#VNCU%QREQRCTCOQFKHKECTGNCLWUVGFGWPVGORQTK\CFQT
2CTCEQPQEGTGNKPVGTXCNQFGECODKQFGCEGKVG[HKNVTQFGCEGKVGGPEQPFKEKQPGU
GZVTGOCUFGVGORGTCVWTCJWOGFCFQCKTGFGTGHTKIGTCEKPEQPUWNVGC#VNCU
%QREQ
&GDGTGRCTCTEWCNSWKGTHWICKPOGFKCVCOGPVG*C[SWGUWUVKVWKTVWDGTCUQLWPVCU
HNGZKDNGUFCCFCU

'URGEKHKECEKQPGUFGNCEGKVG
0QOG\ENGPWPECCEGKVGUFGOCTECUQVKRQUFKHGTGPVGU
5GTGEQOKGPFCOW[GPECTGEKFCOGPVGWVKNK\CT#VNCU%QREQ(NWKF
EQPUWNVGNCUGEEKP2TQITCOCFG
OCPVGPKOKGPVQRTGXGPVKXQ
#VNCU%QREQ4QVQ+PLGEV(NWKF
#EGKVGRCTCWPKFCFGU+'%[WPKFCFGU%5#7.EQPWPXQNVCLGFGOQVQTFG8
#VNCU%QREQ4QVQ+PLGEV(NWKFGUWPCEGKVGGURGEKCNRCTCEQORTGUQTGUFGGURKTCN[VQTPKNNQEQPKP[GEEKP
FGCEGKVGSWGOCPVKGPGGNEQORTGUQTGPGZEGNGPVGGUVCFQ4QVQ+PLGEV(NWKFRWGFGTGUWNVCTVKNRCTC
EQORTGUQTGUSWGHWPEKQPGPCVGORGTCVWTCUCODKGPVGFGGPVTGu%
u([u%
u(
EQPUWNVG
NCUGEEKP5GTXKEGMKVU
#VNCU%QREQ*&4QVQ(NWKF2NWU
#EGKVGRCTCWPKFCFGU%5#7.GZEGRVQRCTCWPKFCFGUEQPWPXQNVCLGFGOQVQTFG8

#EGKVGGURGEKCNUWOKPKUVTCFQEQOQQREKPRCTCWPKFCFGU+'%[WPKFCFGU%5#7.EQPWPXQNVCLGFG
OQVQTFG8
#VNCU%QREQ*&4QVQ(NWKF2NWUGUWPCEGKVGGURGEKCNRCTCEQORTGUQTGUFGGURKTCN[VQTPKNNQQPKP[GEEKP
FGCEGKVGSWGOCPVKGPGGNEQORTGUQTGPGZEGNGPVGGUVCFQ*&4QVQ(NWKF2NWURWGFGWVKNK\CTUGRCTC
u([u%
u(
EQPUWNVG
NCUGEEKP5GTXKEGMKVU
#VNCU%QREQ4QVQ'ZVTGOG&WV[(NWKF
#EGKVGGURGEKCNUWOKPKUVTCFQEQOQQREKP
#VNCU%QREQ*&4QVQ'ZVTGOG&WV[(NWKFGUWPCEGKVGGURGEKCNRCTCEQORTGUQTGUFGGURKTCN[VQTPKNNQQP
KP[GEEKPFGCEGKVGSWGOCPVKGPGGNEQORTGUQTGPGZEGNGPVGGUVCFQ#VNCU%QREQ*&4QVQ'ZVTGOG&WV[
(NWKFRWGFGWVKNK\CTUGRCTCEQORTGUQTGUSWGHWPEKQPGPCVGORGTCVWTCUCODKGPVGFGGPVTGu%
u([
u%
u(
EQPUWNVGNCUGEEKP5GTXKEGMKVU
#VNCU%QREQ(QQF)TCFG(NWKF
#VNCU%QREQ(QQF)TCFG(NWKFGUWPNWDTKECPVGUKPVVKEQFGCNVCECNKFCFGZENWUKXQETGCFQGURGEKCNOGPVG
RCTCEQORTGUQTGUFGVQTPKNNQQPKP[GEEKPFGCEGKVGSWGUWOKPKUVTCPCKTGRCTCNCKPFWUVTKCFG
CNKOGPVCEKP'UVGNWDTKECPVGOCPVKGPGGNEQORTGUQTGPRGTHGEVQGUVCFQ'NCEGKVG(QQF)TCFGRWGFG
WVKNK\CTUGRCTCEQORTGUQTGUSWGHWPEKQPGPCVGORGTCVWTCUCODKGPVGFGGPVTGu%
u([u%

u(
EQPUWNVGNCUGEEKP5GTXKEGMKVU
#VNCU%QREQ5[PVJGVKE2#1(NWKFRCTCCRNKECEKQPGUFGOGODTCPC
#VNCU%QREQ5[PVJGVKE2#1(NWKFRCTCCRNKECEKQPGUFGOGODTCPCGUWPNWDTKECPVGUKPVVKEQFGCNVC
ECNKFCFGZENWUKXQETGCFQGURGEKCNOGPVGRCTCCRNKECEKQPGUFGOGODTCPC'UVGNWDTKECPVGOCPVKGPGGN
EQORTGUQTGPRGTHGEVQGUVCFQ5[PVJGVKE2#1(WKFRCTCCRNKECEKQPGUFGOGODTCPCRWGFGWVKNK\CTUGRCTC
u([u%
u(
EQPUWNVG
NCUGEEKP5GTXKEGMKVU
1DUGTXCEKP
'NFGRUKVQFGCKTGVCPSWGFGCEGKVGNNGXCWPCGVKSWGVCSWGKPFKECGNVKRQFGCEGKVG
NNGPCFQGPHDTKEC

%CODKQFGCEGKVG[HKNVTQUFGCEGKVG
#XKUQ

2TQEGFKOKGPVQ
%QORQPGPVGUFGNUKUVGOCFGCEGKVGFG)#C)#%

*CICHWPEKQPCTGNEQORTGUQTJCUVCSWGUGECNKGPVG2CTGGNOQVQTFGURWUFGOKPWVQUFG
HWPEKQPCOKGPVQGPFGUECTIC%KGTTGNCXNXWNCFGUCNKFCFGCKTG[FGUEQPGEVGGNXQNVCLG'URGTG
WPQUEWCPVQUOKPWVQU[FGURTGUWTKEGFGUCVQTPKNNCPFQGNVCRPFGTGNNGPQFGCEGKVG
(%PQ
OUSWGWPCUQNCXWGNVCRCTCRGTOKVKTSWGUGGUECRGEWCNSWKGTRTGUKPSWGRWFKGTCJCDGTGPGN
UKUVGOC
'P)#C)#%CHNQLGGNVCRPFGXGPVKNCEKPFGNTGHTKIGTCFQTFGCEGKVG[GURGTG
OKPWVQU%QPUWNVGNCUGEEKP+PVTQFWEEKPRCTCEQPQEGTNCRQUKEKPFGNVCRPFGXGPVKNCEKP
82
'P)#C)#%XCEGGNCEGKVGSWKVCPFQGNVCRPFGFTGPCLG
GPGNFGRUKVQFGCKTG
&2
4GEQLCGNCEGKVGGPWPTGEKRKGPVG[GPVTIWGNQCNUGTXKEKQFGTGEQIKFCFGCEGKVG4GKPUVCNG[
CRTKGVGNQUVCRQPGUFGFTGPCLG[XGPVKNCEKPFGURWUFGNFTGPCLG
'ZVTCKICGNHKNVTQFGCEGKVG
1(.KORKGGNCUKGPVQFGNFKUVTKDWKFQT.WDTKSWGEQPCEGKVGNCLWPVC
FGNPWGXQHKNVTQ[CVQTPNNGNQGPUWUKVKQ#RTKGVGHKTOGOGPVGCOCPQ

'ZVTCKICGNVCRPFGNNGPCFQ
(%
'P)#C)#%TGNNGPGGNFGRUKVQFGCKTG
#4EQPCEGKVGJCUVCSWGGNPKXGNNNGIWGCN
EWGNNQFGNNGPCFQ
%WKFGFGSWGPQECKICUWEKGFCFGPGNUKUVGOC4GKPUVCNG[CRTKGVGGNVCRPFGNNGPCFQ
(%

*CICHWPEKQPCTGNEQORTGUQTGPECTICWPQUOKPWVQU2CTGGNEQORTGUQT[GURGTGWPQU
OKPWVQUCHKPFGRGTOKVKTSWGUGTGRQUGGNCEGKVG

&GURTGUWTKEGGNUKUVGOCFGUCVQTPKNNCPFQGNVCRPFGNNGPCFQ
(%WPCUQNCXWGNVCRCTCRGTOKVKT
SWGUGGUECRGNCRTGUKPSWGRWFKGTCJCDGTGPGNUKUVGOC'ZVTCKICGNVCRP
'P)#C)#%TGNNGPGGNFGRUKVQFGCKTGEQPCEGKVGJCUVCSWGGNPKXGNNNGIWGCNEWGNNQFG
NNGPCFQ
#RTKGVGGNVCRPFGNNGPCFQ

4GUVCDNG\ECGNVGORQTK\CFQTFGUGTXKEKQ
2CTCEQORTGUQTGUGSWKRCFQUEQPWPTGIWNCFQT'NGMVTQPKMQP+XCUGNCUGEEKP+PXQECEKP
FGTGCTOGFGVGORQTK\CFQTFGUGTXKEKQ
2CTCEQORTGUQTGUGSWKRCFQUEQPWPTGIWNCFQT'NGMVTQPKMQP++FGURWUFGTGCNK\CTVQFCU
NCUCEEKQPGUFGUGTXKEKQGPGN2NCPFGUGTXKEKQEQTTGURQPFKGPVGTGCTOGGNCXKUQFG
UGTXKEKQEQPUWNVGNCUGEEKP/GP5GTXKEKQ

#NOCEGPCOKGPVQFGURWUFGNCKPUVCNCEKP
2TQEGFKOKGPVQ
2QPICGPOCTEJCGNEQORTGUQTRQTGLGORNQFQUXGEGUCNCUGOCPCJCUVCSWGUGECNKGPVG%CTIWG[
FGUECTIWGGNEQORTGUQTWPCUEWCPVCUXGEGU
5KGNEQORTGUQTUGXCCCNOCEGPCTUKPHWPEKQPCTFGXG\GPEWCPFQVQOGNCUOGFKFCU
FGRTQVGEEKPSWGEQTTGURQPFCP%QPUWNVGC#VNCU%QREQ

,WGIQUFGUGTXKEKQ
UGTXKEGMKVU
&GUETKREKP
5GGPEWGPVTCPFKURQPKDNGULWGIQUFGUGTXKEKQ
UGTXKEGMKVU SWGNGQHTGEGPNQUDGPGHKEKQUFGNCURCTVGU
QTKIKPCNGUFG#VNCU%QREQ[CNOKUOQVKGORQOCPVKGPGPDCLQUWRTGUWRWGUVQFGOCPVGPKOKGPVQ.QU
LWGIQUEQPVKGPGPVQFCUNCURKG\CUPGEGUCTKCURCTCGNUGTXKEKQ
5GTXKEGMKV RCTCHKNVTQUFGCEGKVG[HKNVTQUFGCKTG
5GTXKEGMKV RCTCHKNVTQUFGCEGKVG[HKNVTQUFGCKTG
0OGTQFGRGFKFQ
)#C)#%

5GTXKEGMKV RCTCUGRCTCFQTFGCEGKVG
5GTXKEGMKV RCTCUGRCTCFQTFGCEGKVG
0OGTQFGRGFKFQ
#VNCU%QREQ4QVQ+PLGEV(NWKF
%QPUWNVGVCODKPNCUGEEKP'URGEKHKECEKPFGCEGKVG
0OGTQFGRGFKFQ
.CVCFGNKVTQU
75ICN+ORICN

.CVCFGNKVTQU
75ICN+ORICN

$CTTKNFGNKVTQU
75ICN+ORICN

#VNCU%QREQ*&4QVQ(NWKF2NWU
0OGTQFGRGFKFQ
.CVCFGNKVTQU
75ICN+ORICN

$CTTKNFGNKVTQU
75ICN+ORICN

#VNCU%QREQ4QVQ'ZVTGOG&WV[
0OGTQFGRGFKFQ
.CVCFGNKVTQU
75ICN+ORICN

.CVCFGNKVTQU
75ICN+ORICN

#VNCU%QREQ(QQF)TCFG
0OGTQFGRGFKFQ
.CVCFGNKVTQU
75ICN+ORICN

$CTTKNFGNKVTQU
75ICN+ORICN

#VNCU%QREQ5[PVJGVKE2#1(NWKFRCTCCRNKECEKQPGUFGOGODTCPC
0OGTQFGRGFKFQ
.CVCFGNKVTQU
75ICN+ORICN


#LWUVGU[RTQEGFKOKGPVQUFGUGTXKEKQ

(KNVTQFGCKTG
7DKECEKPFGNHKNVTQFGCKTG
(KNVTQFGCKTG)#C)#%

+PFKECFQTFGUGTXKEKQ)#C)#%
2TQEGFKOKGPVQ
2CTGGNEQORTGUQT&GUEQPGEVGGNXQNVCLG
'ZVTCKICNCVCRCFGNHKNVTQFGCKTG
#(IKTPFQNCGPUGPVKFQQRWGUVQCNCUCIWLCUFGWPTGNQL'ZVTCKIC
GNGNGOGPVQHKNVTCPVG5KGURTGEKUQNKORKGNCEWDKGTVC
+PUVCNGGNPWGXQGNGOGPVQ[NCEWDKGTVC
4GCTOGGNKPFKECFQTFGUGTXKEKQ
CRTGVCPFQGNDQVPGPGNGZVTGOQFGNEWGTRQ
4GCTOGGNCXKUQFGUGTXKEKQFGNHKNVTQFGCKTG
%QPUWNVGNCUGEEKP+PXQECEKPTGCTOGFGVGORQTK\CFQTFGUGTXKEKQRCTCTGCTOCTGNOGPUCLGFG
UGTXKEKQGPTGIWNCFQTGU'NGMVTQPKMQP+
%QPUWNVGNCUGEEKP/GP&CVQUFGGUVCFQRCTCTGCTOCTGNOGPUCLGFGUGTXKEKQGPTGIWNCFQTGU
'NGMVTQPKMQP++

4GHTKIGTCFQTGU
.KORKG\C
/CPVGPICNKORKQUNQUTGHTKIGTCFQTGURCTCTGVGPGTNCGHKEKGPEKCFGTGHTKIGTCEKP
'PEQORTGUQTGUTGHTKIGTCFQURQTCKTG
2CTGGNEQORTGUQTEKGTTGNCXNXWNCFGUCNKFCFGCKTG[FGUEQPGEVGGNXQNVCLG
%WDTCVQFCUNCURKG\CUFGDCLQFGNQUTGHTKIGTCFQTGU
'ZVTCKICVQFQGNRQNXQFGNQUTGHTKIGTCFQTGUEQPWPEGRKNNQFGEGTFCU0QGORNGGPWPECWPEGRKNNQFG
CNCODTGUPKQDLGVQUOGVNKEQU
5GIWKFCOGPVGUQRNGEQPCKTGEQORTKOKFQGPUGPVKFQQRWGUVQCNHNWLQPQTOCN

5KGURTGEKUQSWGUGNKORKGPNQUTGHTKIGTCFQTGUEQPC[WFCFGWPFGVGTIGPVGEQPUWNVGC#VNCU%QREQ

8NXWNCUFGUGIWTKFCF
2QUKEKPFGXNXWNCFGUGIWTKFCF
)#C)#%
#EEKQPCOKGPVQ
#EEKQPGNCXNXWNCFGUGIWTKFCFFGUCVQTPKNNCPFQNCVCRCWPCQFQUXWGNVCU[CVQTPKNNPFQNCFGPWGXQ
2TWGDC
#PVGUFGSWKVCTNCXNXWNCFGUGIWTKFCFFGURTGUWTKEGGNEQORTGUQT%QPUWNVGNCUGEEKP5QNWEKPFG
RTQDNGOCU
.CXNXWNC
58RWGFGRTQDCTUGGPWPCNPGCFGCKTGEQORTKOKFQUGRCTCFC5KPQUGCDTGNCXNXWNCCNC
RTGUKPGUVCORCFCGPNCOKUOCEQPUWNVGC#VNCU%QREQ
#XKUQ
0QUGRGTOKVGPKPIPCLWUVG0WPECFGLGHWPEKQPCTGNEQORTGUQTUKPNCXNXWNCFGUGIWTKFCF


5QNWEKPFGRTQDNGOCU

5QNWEKPFGRTQDNGOCU
#XKUQ
#PVGUFGGORG\CTGNVTCDCLQFGOCPVGPKOKGPVQQTGRCTCEKPUQDTGGNEQORTGUQT
RWNUGGNDQVPFGRCTCFCGURGTGJCUVCSWGUGRCTGGNEQORTGUQT
CRTQZ
UGIWPFQURWNUGGNDQVPFGRCTCFCFGGOGTIGPEKC[FGUEQPGEVGGNXQNVCLG%KGTTGNC
XNXWNCFGUCNKFCFGCKTG[CDTCNCUXNXWNCUFGFTGPCLGOCPWCNFGNEQPFGPUCFQ
&GURTGUWTKEGGNEQORTGUQTCDTKGPFQGNVCRPFGNNGPCFQFGCEGKVGWPCXWGNVC
2CTCKPHQTOCTUGUQDTGGNGORNC\COKGPVQFGNQUEQORQPGPVGUEQPUWNVGNCU
UGEEKQPGU
+PVTQFWEEKP
5KUVGOCFGEQPFGPUCFQ
#TTCPSWGKPKEKCN
#DTC[DNQSWGGGNKPVGTTWRVQTUGRCTCFQT
.CXNXWNCFGUCNKFCFGCKTGRWGFGUGTDNQSWGCFCFWTCPVGGNOCPVGPKOKGPVQQ
TGRCTCEKQPGUFGNCOCPGTCUKIWKGPVG
%KGTTGNCXNXWNC
'ZVTCKICGNVQTPKNNQSWGUWLGVCGNOCPIQEQPNCNNCXGSWGUGGPVTGICEQPGN
EQORTGUQT
.GXCPVGGNOCPIQ[ITGNQJCUVCSWGGNTGDQTFGFGDNQSWGQGPGNEWGTRQFGNC
XNXWNCGPECLGGPNCTCPWTCFGNOCPIQ
+PUVCNGGNVQTPKNNQ
(CNNQU[UQNWEKQPGU
'PEQORTGUQTGUFQVCFQUFGNTGIWNCFQT'NGMVTQPKMQP+UKGN.'&FGCNCTOCGUVGPEGPFKFQQRCTRCFGC
EQPUWNVGNCUGEEKP#XKUQFGRCTCFCFGCNCTOC
'PEQORTGUQTGUFQVCFQUFGNTGIWNCFQT'NGMVTQPKMQP++UKGN.'&FGCNCTOCGUVGPEGPFKFQQRCTRCFGC
EQPUWNVGNCUUGEEKQPGU/GP&CVQUFGGUVCFQ[/GP5GTXKEKQ

%QPFKEKP
(CNNQ
5QNWEKP
'NEQORTGUQTUGRQPGGP
#XGTKCFCNCXNXWNCFGUQNGPQKFG 4GGORNCEGNCXNXWNC
OCTEJCRGTQPQECTICFGURWU
FGWPRGTQFQFGTGVTCUQ

8NXWNCFGGPVTCFCRGICFCGP
RQUKEKPEGTTCFC
*CICSWGUGEQORTWGDGNC
XNXWNC
(WICGPVWDQUHNGZKDNGUFGCKTG
FGEQPVTQN
4GGORNCEGGNVWDQHNGZKDNG
EQPNCHWIC
(WICGPXNXWNCFGRTGUKP
OPKOC
EWCPFQNCTGFFGCKTG
GUVFGURTGUWTK\CFC
XNXWNC
%QPFKEKP
(CNNQ
'NEQORTGUQTPQFGUECTICNC
XNXWNCFGUGIWTKFCFFKURCTC
%QPFKEKP
5QNWEKP
.CXNXWNCFGGPVTCFCPQEKGTTC
XNXWNC
(CNNQ
5QNWEKP
'NUGRCTCFQTFGEQPFGPUCFQPQ 6WDQHNGZKDNGFGFGUECTIC
FGUECTICEQPFGPUCFQFWTCPVG CVCUECFQ
NCECTIC
%QORTWGDG[TGRCTGUGIP
UGCPGEGUCTKQ
.CXNXWNCFGHNQVCFQTHWPEKQPC 'ZVTCKICGNEQPLWPVQFGNC
OCN
XNXWNCFGHNQVCFQTNKORKG[
EQORTWDGNQ

%QPFKEKP
(CNNQ
.CUCNKFCFGCKTGFGNEQORTGUQT 'NEQPUWOQFGCKTGGZEGFGGN
QNCRTGUKPGUKPHGTKQTCNQ
UWOKPKUVTQFGNEQORTGUQT
PQTOCN
5QNWEKP
%QORTWGDGGNGSWKRQ
EQPGEVCFQ
'NGOGPVQHKNVTCPVGCKTGQDUVTWKFQ %CODKGGNGNGOGPVQHKNVTCPVG
%QPFKEKP
(WICGPVWDQUHNGZKDNGUFGCKTG
FGEQPVTQN
4GGORNCEGNQUVWDQU
HNGZKDNGUEQPHWICU
.CXNXWNCFGGPVTCFCPQUG
CDTGEQORNGVCOGPVG
XNXWNC
5GRCTCFQTFGCEGKVGQDUVTWKFQ
*CICSWGUGTGGORNCEGGN
GNGOGPVQ
(WICUFGCKTG
*CICSWGTGRCTGPNCUHWICU
.CXNXWNCFGUGIWTKFCFVKGPG
HWICU
5WUVKVW[CNCXNXWNC
#XGTKCFQGNGNGOGPVQ
EQORTGUQT
%QPUWNVGC#VNCU%QREQ
(CNNQ
5QNWEKP
0KXGNFGCEGKVGFGOCUKCFQCNVQ
%QPUWOQGZEGUKXQFGCEGKVG
CTTCUVTGFGCEGKVGRQTNCNPGCFG
FGUECTICGP)#C)#%
%QORTWGDGUKUGJC
UQDTGNNGPCFQ&GLGGUECRCT
NCRTGUKP[UCSWGCEGKVG
JCUVCGNPKXGNEQTTGEVQ
#EGKVGKPEQTTGEVQRTQFWEG
GURWOC
%CODKGCCEGKVGEQTTGEVQ
&GHGEVWQUQGNUGRCTCFQTFG
CEGKVG
*CICSWGEQORTWGDGPGN
GNGOGPVQ4GGORNCEGUKGU
PGEGUCTKQ

%QPFKEKP
(CNNQ
5QNWEKP
.CXNXWNCFGUGIWTKFCFFKURCTC #XGTCFGNCXNXWNCFGGPVTCFC
FGURWUFGECTICT
XNXWNC
#XGTCFGNCXNXWNCFGRTGUKP
OPKOC
XNXWNC
#XGTKCFCNCXNXWNCFG
UGIWTKFCF
5WUVKVW[CNCXNXWNC
#XGTKCFQGNGNGOGPVQ
EQORTGUQT
%QPUWNVGC#VNCU%QREQ
#VCUECFQGNGNGOGPVQUGRCTCFQT *CICSWGUGTGGORNCEGGN
FGCEGKVG
GNGOGPVQ

%QPFKEKP
(CNNQ
5QNWEKP
6GORGTCVWTCFGUCNKFCFGN
GNGOGPVQEQORTGUQTQFGNCKTG
FGUWOKPKUVTQUWRGTKQTCNQ
PQTOCN
0KXGNFGCEGKVGFGOCUKCFQDCLQ
%QORTWGDG[EQTTKLC
'PEQORTGUQTGUTGHTKIGTCFQU
RQTCKTGCKTGFGTGHTKIGTCEKP
KPUWHKEKGPVGQFGOCUKCFQCNVCNC
VGORGTCVWTCFGNOKUOQ
$WUSWGNCTGUVTKEEKPFGNCKTG
FGTGHTKIGTCEKPQOGLQTGNC
XGPVKNCEKPFGNCUCNC'XKVG
NCTGEKTEWNCEKPFGNCKTGFG
TGHTKIGTCEKP5KUGJCNNC
KPUVCNCFQWPXGPVKNCFQTGPNC
UCNCFGNEQORTGUQT
EQORTWGDGUWECRCEKFCF
#VCUECFQGNTGHTKIGTCFQTFG
CEGKVG
.KORKGGNTGHTKIGTCFQT
/CNHWPEKQPCOKGPVQFGNC
XNXWNCFGFGTKXCEKP
*CICSWGUGRTWGDGNC
XNXWNC
4GHTKIGTCFQTFGCKTGQDVWTCFQ
.KORKGGNTGHTKIGTCFQT
#XGTKCFQGNGNGOGPVQ
EQORTGUQT
%QPUWNVGCN%GPVTQFG
5GTXKEKQC%NKGPVGUFG#VNCU
%QREQ

&CVQUVEPKEQU

+PFKECEKQPGUGPGNFKURNC[
&KURNC[FGNTGIWNCFQT'NGMVTQPKMQP
+ORQTVCPVG
.CUNGEVWTCUOGPEKQPCFCUCPVGTKQTOGPVGUQPXNKFCUDCLQNCUEQPFKEKQPGUFG
TGHGTGPEKC
XCUGNCUGEEKP%QPFKEKQPGUFGTGHGTGPEKC[NOKVGU
4GHGTGPEKC
.GEVWTC
2TGUKPFGUCNKFCFG
CKTG
(NWEVCGPVTGNCURTGUKQPGUFGFGUECTIC[ECTICRTQITCOCFCU
6GORGTCVWTCFGUCNKFC 2CTC)#C)#%u%
u(UQDTGNCVGORGTCVWTCFGNCKTGFG
FGNGNGOGPVQ
TGHTKIGTCEKP
EQORTGUQT
6GORGTCVWTCFGNRWPVQ 2CTC)#C)#%EQPUWNVGNCUGEEKP&CVQUFGNEQORTGUQTRCTC)#C
FGTQEQ
)#%


6COCQFGECDNGUGNEVTKEQU
#VGPEKP
.CUTGINCUNQECNGUUKIWGPGPXKIQTUKUQPOUGUVTKEVCUSWGNQUXCNQTGURTQRWGUVQU
CDCLQ
.CECFCFGXQNVCLGPQFGDGGZEGFGTWPFGNXQNVCLGPQOKPCN2WGFGSWGUGC
PGEGUCTKQWVKNK\CTECDNGUFGVCOCQOC[QTSWGNQUGURGEKHKECFQUCHKPFGEWORNKTEQP
GUVCGZKIGPEKC
6COCQFGECDNGU
)#

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(TGEWGPEKC
*\
8QNVCLG
6COCQFG 6COCQFG 6COCQFG 6COCQFG 6COCQFG

ECDNGU
ECDNGU
ECDNGU
ECDNGU
ECDNGU
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#LWUVGUFGNFKU[WPVQTFGNOQVQTFGNXGPVKNCFQT
&KU[WPVQT
8GPVKNCFQTTCFKCNFG
)#C)#
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8GPVKNCFQTCZKCNFG
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8GPVKNCFQTTCFKCNFG
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[++
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FGNXGPVKNCFQT3
#
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FGNXGPVKNCFQT3
#
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FGNXGPVKNCFQT3
#
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8QNVCLG
8
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'UVTGNNC
VTKPIWNQ

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5NQRCTC)#[
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#LWUVGUFGTGNFGUQDTGECTIC[HWUKDNGU
4GNFGUQDTGECTIC[HWUKDNGU
)#
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4GNFG
4GNFG
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UQDTGECTIC RTKPEKRCNGU UQDTGECTIC
(
#
UWOKPKUVTQ (
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EQORTGUQT
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RTKPEKRCNGU
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8
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#
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#
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RTKPEKRCNGU UQDTGECTIC
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#
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RTKPEKRCNGU
UWOKPKUVTQ
FGN
EQORTGUQT

%5#7.
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VTKPIWNQ

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7.4-

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7.4-
%5#*4%
7.4-
%5#*4%
7.4-
%5#*4%
7.4-
%5#*4%
7.4-
+PVGTTWRVQTGUFGNUGECFQT
+(&
)GPGTCNKFCFGU
.QUFKURQUKVKXQUTGIWNCFQTGU[FGUGIWTKFCFGUVPCLWUVCFQUGPHDTKECRCTCQDVGPGTGNOZKOQ
TGPFKOKGPVQFGNUGECFQT
5GRTQJDGCNVGTCTGNCLWUVGFGFKEJQUFKURQUKVKXQU
)#C)#%
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EQPFGPUCFQT

2TGUKPFGEQTVG
DCT
G

2TGUKPFGEQPGZKP
DCT
G
%QPFKEKQPGUFGTGHGTGPEKC[NOKVGU
2TGUKP
CDUQNWVCFGGPVTCFCFGCKTG
DCT
2TGUKP
CDUQNWVCFGGPVTCFCFGCKTG
RUK

6GORGTCVWTCFGGPVTCFCFGCKTG
u%

6GORGTCVWTCFGGPVTCFCFGCKTG
u(

*WOGFCFTGNCVKXC
2TGUKPFGVTCDCLQRCTC)#C)#%
%QPUWNVGNCUGEEKP&CVQUFGN
EQORTGUQTRCTC)#C)#%

.OKVGU
2TGUKPFGVTCDCLQOZKOCRCTC)#C)#%

%QPUWNVGNCUGEEKP&CVQUFGN
EQORTGUQTRCTC)#C)#%
2TGUKPOPKOCFGVTCDCLQ
DCT
G
2TGUKPOPKOCFGVTCDCLQ
RUKI

6GORGTCVWTCOZKOCFGGPVTCFCFGCKTG
u%

6GORGTCVWTCOZKOCFGGPVTCFCFGCKTG
u(

6GORGTCVWTCOPKOCFGGPVTCFCFGCKTG
u%
6GORGTCVWTCOPKOCFGGPVTCFCFGCKTG
u(

&CVQUFGNEQORTGUQTRCTC)#C)#%
6QFQUNQUFCVQUGURGEKHKECFQUCEQPVKPWCEKPUGCRNKECPDCLQEQPFKEKQPGUFG
TGHGTGPEKCXCUGNCUGEEKP%QPFKEKQPGUFGTGHGTGPEKC[NOKVGU
)#
7PKFCF
GU
DCT DCT DCT
DCT

RUK

RUK

RUK

RUK
*\

2TGUKPOZKOC
FG DCT
G
FGUECTIC

2TGUKPOZKOC
FG RUKI
FGUECTIC

2TGUKP
FG
DCT
G
FGUECTICOZKOC
WPKFCFGU(WNN
(GCVWTG

2TGUKP
FG
RUKI
FGUECTICOZKOC
WPKFCFGU(WNN
(GCVWTG

2TGUKPFGVTCDCLQ
PQOKPCN
DCT
G

2TGUKPFGVTCDCLQ
PQOKPCN
RUKI

%CFCFGRTGUKP
UQDTGUGECFQT
WPKFCFGU(WNN
(GCVWTG
DCT
G

(TGEWGPEKC

7PKFCF
GU
DCT DCT DCT
DCT

RUK

RUK

RUK

RUK
%CFCFGRTGUKP
UQDTGUGECFQT
WPKFCFGU(WNN
(GCVWTG
RUKI

8GNQEKFCFFGNGLG
FGNOQVQT
TOKP

2WPVQFGCLWUVG
XNXWNC
VGTOQUVVKEC
u%

2WPVQFGCLWUVG
XNXWNC
VGTOQUVVKEC
u(

6GORGTCVWTCFGN
CKTGSWGUCNGFGNC
XNXWNCFGUCNKFC
CRTQZ
u%

6GORGTCVWTCFGN
CKTGSWGUCNGFGNC
XNXWNCFGUCNKFC
CRTQZ
u(

6GORGTCVWTCFGN
CKTGSWGUCNGFGNC
XNXWNCFGUCNKFC
CRTQZWPKFCFGU
(WNN(GCVWTG
u%

6GORGTCVWTCFGN
CKTGSWGUCNGFGNC
XNXWNCFGUCNKFC
CRTQZWPKFCFGU
(WNN(GCVWTG
u(

2WPVQFGTQEQC
RTGUKPWPKFCFGU
(WNN(GCVWTG
u%
2WPVQFGTQEQC
RTGUKPWPKFCFGU
(WNN(GCVWTG
u(

2QVGPEKC
CNKOGPVCFC2CEM
M9

2QVGPEKC
CNKOGPVCFC2CEM
JR

2QVGPEKC
CNKOGPVCFC
9QTMRNCEG
M9

2QVGPEKC
CNKOGPVCFC
9QTMRNCEG
JR

2QVGPEKC
CNKOGPVCFC2CEM
(WNN(GCVWTG
M9

7PKFCF
GU
DCT DCT DCT
DCT

RUK

RUK

RUK

RUK
2QVGPEKC
CNKOGPVCFC2CEM
(WNN(GCVWTG
JR

2QVGPEKC
CNKOGPVCFC
9QTMRNCEG(WNN
(GCVWTG
M9

2QVGPEKC
CNKOGPVCFC
9QTMRNCEG(WNN
(GCVWTG
JR

%QPUWOQFG
GPGTIC
UGECFQTC
RNGPCECTIC
WPKFCFGU(WNN
(GCVWTG
M9

%QPUWOQFG
GPGTIC
UGECFQTC
RNGPCECTIC
WPKFCFGU(WNN
(GCVWTG
JR

%QPUWOQFG
GPGTIC
UGECFQT
EQPECTICPWNC
WPKFCFGU(WNN
(GCVWTG
M9

%QPUWOQFG
GPGTIC
UGECFQT
EQPECTICPWNC
WPKFCFGU(WNN
(GCVWTG
JR

4C
4C
4C
4C
4C
4C
4C
4C
6KRQFG
TGHTKIGTCPVG
WPKFCFGU(WNN
(GCVWTG

%CPVKFCFVQVCN
TGHTKIGTCPVG
WPKFCFGU(WNN
(GCVWTG
MI

%CPVKFCFVQVCN
TGHTKIGTCPVG
WPKFCFGU(WNN
(GCVWTG
ND

%CRCEKFCFFG
CEGKVG

7PKFCF
GU
DCT DCT DCT
DCT

RUK

RUK

RUK

RUK
%CRCEKFCFFG
CEGKVG
75ICN

%CRCEKFCFFG
CEGKVG
+ORICN

%CRCEKFCFFG
CEGKVG
EWHV

F$
#
0KXGNFGRTGUKP
CEUVKEC
9QTMRNCEG[
9QTMRNCEG(WNN
(GCVWTG
EQPHQTOG
C+51

F$
#

7PKFCF
GU
DCT DCT DCT
DCT

RUK

RUK

RUK

RUK
*\

2TGUKPOZKOC
FG DCT
G
FGUECTIC

2TGUKPOZKOC
FG RUKI
FGUECTIC

2TGUKP
FG
DCT
G
FGUECTICOZKOC
WPKFCFGU(WNN
(GCVWTG

2TGUKP
FG
RUKI
FGUECTICOZKOC
WPKFCFGU(WNN
(GCVWTG

2TGUKPFGVTCDCLQ
PQOKPCN
DCT
G

2TGUKPFGVTCDCLQ
PQOKPCN
RUKI

%CFCFGRTGUKP
UQDTGUGECFQT
WPKFCFGU(WNN
(GCVWTG
DCT
G

%CFCFGRTGUKP
UQDTGUGECFQT
WPKFCFGU(WNN
(GCVWTG
RUKI

0KXGNFGRTGUKP
CEUVKEC2CEM[
2CEM(WNN(GCVWTG
EQPHQTOGC+51

)#
(TGEWGPEKC


7PKFCF
GU
DCT DCT DCT
DCT

RUK

RUK

RUK

RUK
8GNQEKFCFFGNGLG
FGNOQVQT
TOKP

2WPVQFGCLWUVG
XNXWNC
VGTOQUVVKEC
u%

2WPVQFGCLWUVG
XNXWNC
VGTOQUVVKEC
u(

6GORGTCVWTCFGN
CKTGSWGUCNGFGNC
XNXWNCFGUCNKFC
CRTQZ
u%

6GORGTCVWTCFGN
CKTGSWGUCNGFGNC
XNXWNCFGUCNKFC
CRTQZ
u(

6GORGTCVWTCFGN
CKTGSWGUCNGFGNC
XNXWNCFGUCNKFC
CRTQZWPKFCFGU
(WNN(GCVWTG
u%

6GORGTCVWTCFGN
CKTGSWGUCNGFGNC
XNXWNCFGUCNKFC
CRTQZWPKFCFGU
(WNN(GCVWTG
u(

2WPVQFGTQEQC
RTGUKPWPKFCFGU
(WNN(GCVWTG
u%
2WPVQFGTQEQC
RTGUKPWPKFCFGU
(WNN(GCVWTG
u(

2QVGPEKC
CNKOGPVCFC2CEM
M9

2QVGPEKC
CNKOGPVCFC2CEM
JR

2QVGPEKC
CNKOGPVCFC
9QTMRNCEG
M9

2QVGPEKC
CNKOGPVCFC
9QTMRNCEG
JR

2QVGPEKC
CNKOGPVCFC2CEM
(WNN(GCVWTG
M9

2QVGPEKC
CNKOGPVCFC2CEM
(WNN(GCVWTG
JR

7PKFCF
GU
DCT DCT DCT
DCT

RUK

RUK

RUK

RUK
2QVGPEKC
CNKOGPVCFC
9QTMRNCEG(WNN
(GCVWTG
M9

2QVGPEKC
CNKOGPVCFC
9QTMRNCEG(WNN
(GCVWTG
JR

%QPUWOQFG
GPGTIC
UGECFQTC
RNGPCECTIC
WPKFCFGU(WNN
(GCVWTG
M9

%QPUWOQFG
GPGTIC
UGECFQTC
RNGPCECTIC
WPKFCFGU(WNN
(GCVWTG
JR

%QPUWOQFG
GPGTIC
UGECFQT
EQPECTICPWNC
WPKFCFGU(WNN
(GCVWTG
M9

%QPUWOQFG
GPGTIC
UGECFQT
EQPECTICPWNC
WPKFCFGU(WNN
(GCVWTG
JR

4C
4C
4C
4C
4C
4C
4C
4C
6KRQFG
TGHTKIGTCPVG
WPKFCFGU(WNN
(GCVWTG
%CPVKFCFVQVCN
TGHTKIGTCPVG
WPKFCFGU(WNN
(GCVWTG
MI

%CPVKFCFVQVCN
TGHTKIGTCPVG
WPKFCFGU(WNN
(GCVWTG
ND

%CRCEKFCFFG
CEGKVG

7PKFCF
GU
DCT DCT DCT
DCT

RUK

RUK

RUK

RUK
%CRCEKFCFFG
CEGKVG
75ICN

%CRCEKFCFFG
CEGKVG
+ORICN

%CRCEKFCFFG
CEGKVG
EWHV

F$
#
0KXGNFGRTGUKP
CEUVKEC
9QTMRNCEG[
9QTMRNCEG(WNN
(GCVWTG
EQPHQTOG
C+51

F$
#

7PKFCF
GU
DCT DCT DCT
DCT

RUK

RUK

RUK

RUK
*\

2TGUKPOZKOC
FG DCT
G
FGUECTIC

2TGUKPOZKOC
FG RUKI
FGUECTIC

2TGUKP
FG
DCT
G
FGUECTICOZKOC
WPKFCFGU(WNN
(GCVWTG

2TGUKP
FG
RUKI
FGUECTICOZKOC
WPKFCFGU(WNN
(GCVWTG

2TGUKPFGVTCDCLQ
PQOKPCN
DCT
G

2TGUKPFGVTCDCLQ
PQOKPCN
RUKI

%CFCFGRTGUKP
UQDTGUGECFQT
WPKFCFGU(WNN
(GCVWTG
DCT
G

%CFCFGRTGUKP
UQDTGUGECFQT
WPKFCFGU(WNN
(GCVWTG
RUKI

0KXGNFGRTGUKP
CEUVKEC2CEM[
2CEM(WNN(GCVWTG
EQPHQTOGC+51

)#
(TGEWGPEKC

7PKFCF
GU
DCT DCT DCT
DCT

RUK

RUK

RUK

RUK
8GNQEKFCFFGNGLG
FGNOQVQT
TOKP

2WPVQFGCLWUVG
XNXWNC
VGTOQUVVKEC
u%

2WPVQFGCLWUVG
XNXWNC
VGTOQUVVKEC
u(

6GORGTCVWTCFGN
CKTGSWGUCNGFGNC
XNXWNCFGUCNKFC
CRTQZ
u%

6GORGTCVWTCFGN
CKTGSWGUCNGFGNC
XNXWNCFGUCNKFC
CRTQZ
u(

6GORGTCVWTCFGN
CKTGSWGUCNGFGNC
XNXWNCFGUCNKFC
CRTQZWPKFCFGU
(WNN(GCVWTG
u%

6GORGTCVWTCFGN
CKTGSWGUCNGFGNC
XNXWNCFGUCNKFC
CRTQZWPKFCFGU
(WNN(GCVWTG
u(

2WPVQFGTQEQC
RTGUKPWPKFCFGU
(WNN(GCVWTG
u%
2WPVQFGTQEQC
RTGUKPWPKFCFGU
(WNN(GCVWTG
u(

2QVGPEKC
CNKOGPVCFC2CEM
M9

2QVGPEKC
CNKOGPVCFC2CEM
JR

2QVGPEKC
CNKOGPVCFC
9QTMRNCEG
M9

2QVGPEKC
CNKOGPVCFC
9QTMRNCEG
JR

2QVGPEKC
CNKOGPVCFC2CEM
(WNN(GCVWTG
M9

2QVGPEKC
CNKOGPVCFC2CEM
(WNN(GCVWTG
JR

7PKFCF
GU
DCT DCT DCT
DCT

RUK

RUK

RUK

RUK
2QVGPEKC
CNKOGPVCFC
9QTMRNCEG(WNN
(GCVWTG
M9

2QVGPEKC
CNKOGPVCFC
9QTMRNCEG(WNN
(GCVWTG
JR

%QPUWOQFG
GPGTIC
UGECFQTC
RNGPCECTIC
WPKFCFGU(WNN
(GCVWTG
M9

%QPUWOQFG
GPGTIC
UGECFQTC
RNGPCECTIC
WPKFCFGU(WNN
(GCVWTG
JR

%QPUWOQFG
GPGTIC
UGECFQT
EQPECTICPWNC
WPKFCFGU(WNN
(GCVWTG
M9

%QPUWOQFG
GPGTIC
UGECFQT
EQPECTICPWNC
WPKFCFGU(WNN
(GCVWTG
JR

4C
4C
4C
4C
4C
4C
4C
4C
6KRQFG
TGHTKIGTCPVG
WPKFCFGU(WNN
(GCVWTG

%CPVKFCFVQVCN
TGHTKIGTCPVG
WPKFCFGU(WNN
(GCVWTG
MI

%CPVKFCFVQVCN
TGHTKIGTCPVG
WPKFCFGU(WNN
(GCVWTG
ND

%CRCEKFCFFG
CEGKVG

7PKFCF
GU
DCT DCT DCT
DCT

RUK

RUK

RUK

RUK
%CRCEKFCFFG
CEGKVG
75ICN

%CRCEKFCFFG
CEGKVG
+ORICN

%CRCEKFCFFG
CEGKVG
EWHV

F$
#
0KXGNFGRTGUKP
CEUVKEC
9QTMRNCEG[
9QTMRNCEG(WNN
(GCVWTG
EQPHQTOG
C+51

F$
#

7PKFCF
GU
DCT DCT DCT
DCT

RUK

RUK

RUK

RUK
*\

2TGUKPOZKOC
FG DCT
G
FGUECTIC

2TGUKPOZKOC
FG RUKI
FGUECTIC

2TGUKP
FG
DCT
G
FGUECTICOZKOC
WPKFCFGU(WNN
(GCVWTG

2TGUKP
FG
RUKI
FGUECTICOZKOC
WPKFCFGU(WNN
(GCVWTG

2TGUKPFGVTCDCLQ
PQOKPCN
DCT
G

2TGUKPFGVTCDCLQ
PQOKPCN
RUKI

%CFCFGRTGUKP
UQDTGUGECFQT
WPKFCFGU(WNN
(GCVWTG
DCT
G

%CFCFGRTGUKP
UQDTGUGECFQT
WPKFCFGU(WNN
(GCVWTG
RUKI

0KXGNFGRTGUKP
CEUVKEC2CEM[
2CEM(WNN(GCVWTG
EQPHQTOGC+51

)#
(TGEWGPEKC


7PKFCF
GU
DCT DCT DCT
DCT

RUK

RUK

RUK

RUK
8GNQEKFCFFGNGLG
FGNOQVQT
TOKP

2WPVQFGCLWUVG
XNXWNC
VGTOQUVVKEC
u%

2WPVQFGCLWUVG
XNXWNC
VGTOQUVVKEC
u(

6GORGTCVWTCFGN
CKTGSWGUCNGFGNC
XNXWNCFGUCNKFC
CRTQZ
u%

6GORGTCVWTCFGN
CKTGSWGUCNGFGNC
XNXWNCFGUCNKFC
CRTQZ
u(

6GORGTCVWTCFGN
CKTGSWGUCNGFGNC
XNXWNCFGUCNKFC
CRTQZWPKFCFGU
(WNN(GCVWTG
u%

6GORGTCVWTCFGN
CKTGSWGUCNGFGNC
XNXWNCFGUCNKFC
CRTQZWPKFCFGU
(WNN(GCVWTG
u(

2WPVQFGTQEQC
RTGUKPWPKFCFGU
(WNN(GCVWTG
u%
2WPVQFGTQEQC
RTGUKPWPKFCFGU
(WNN(GCVWTG
u(

2QVGPEKC
CNKOGPVCFC2CEM
M9

2QVGPEKC
CNKOGPVCFC2CEM
JR

2QVGPEKC
CNKOGPVCFC
9QTMRNCEG
M9

2QVGPEKC
CNKOGPVCFC
9QTMRNCEG
JR

2QVGPEKC
CNKOGPVCFC2CEM
(WNN(GCVWTG
M9

2QVGPEKC
CNKOGPVCFC2CEM
(WNN(GCVWTG
JR

7PKFCF
GU
DCT DCT DCT
DCT

RUK

RUK

RUK

RUK
2QVGPEKC
CNKOGPVCFC
9QTMRNCEG(WNN
(GCVWTG
M9

2QVGPEKC
CNKOGPVCFC
9QTMRNCEG(WNN
(GCVWTG
JR

%QPUWOQFG
GPGTIC
UGECFQTC
RNGPCECTIC
WPKFCFGU(WNN
(GCVWTG
M9

%QPUWOQFG
GPGTIC
UGECFQTC
RNGPCECTIC
WPKFCFGU(WNN
(GCVWTG
JR

%QPUWOQFG
GPGTIC
UGECFQT
EQPECTICPWNC
WPKFCFGU(WNN
(GCVWTG
M9

%QPUWOQFG
GPGTIC
UGECFQT
EQPECTICPWNC
WPKFCFGU(WNN
(GCVWTG
JR

4C
4C
4C
4C
4C
4C
4C
4C
6KRQFG
TGHTKIGTCPVG
WPKFCFGU(WNN
(GCVWTG
%CPVKFCFVQVCN
TGHTKIGTCPVG
WPKFCFGU(WNN
(GCVWTG
MI

%CPVKFCFVQVCN
TGHTKIGTCPVG
WPKFCFGU(WNN
(GCVWTG
ND

%CRCEKFCFFG
CEGKVG

7PKFCF
GU
DCT DCT DCT
DCT

RUK

RUK

RUK

RUK
%CRCEKFCFFG
CEGKVG
75ICN

%CRCEKFCFFG
CEGKVG
+ORICN

%CRCEKFCFFG
CEGKVG
EWHV

F$
#
0KXGNFGRTGUKP
CEUVKEC
9QTMRNCEG[
9QTMRNCEG(WNN
(GCVWTG
EQPHQTOG
C+51

F$
#

7PKFCF
GU
DCT DCT DCT
DCT

RUK

RUK

RUK

RUK
*\

2TGUKPOZKOC
FG DCT
G
FGUECTIC

2TGUKPOZKOC
FG RUKI
FGUECTIC

2TGUKPOZKOC
FG DCT
G
FGUECTIC
WPKFCFGU(WNN
(GCVWTG

2TGUKPOZKOC
FG RUKI
FGUECTIC
WPKFCFGU(WNN
(GCVWTG

2TGUKPFGVTCDCLQ
PQOKPCN
DCT
G

2TGUKPFGVTCDCLQ
PQOKPCN
RUKI

%CFCFGRTGUKP
UQDTGGNUGECFQT
WPKFCFGU(WNN
(GCVWTG
DCT
G

%CFCFGRTGUKP
UQDTGGNUGECFQT
WPKFCFGU(WNN
(GCVWTG
RUKI

0KXGNFGRTGUKP
CEUVKEC2CEM[
2CEM(WNN(GCVWTG
EQPHQTOGC+51

)#%
(TGEWGPEKC

7PKFCF
GU
DCT DCT DCT
DCT

RUK

RUK

RUK

RUK
8GNQEKFCFFGNGLG
FGNOQVQT
TOKP

2WPVQFGCLWUVG
XNXWNC
VGTOQUVVKEC
u%

2WPVQFGCLWUVG
XNXWNC
VGTOQUVVKEC
u(

6GORGTCVWTCFGN
CKTGSWGUCNGFGNC
XNXWNCFGUCNKFC
CRTQZ
u%

6GORGTCVWTCFGN
CKTGSWGUCNGFGNC
XNXWNCFGUCNKFC
CRTQZ
u(

6GORGTCVWTCFGN
CKTGSWGUCNGFGNC
XNXWNCFGUCNKFC
CRTQZWPKFCFGU
(WNN(GCVWTG
u%

6GORGTCVWTCFGN
CKTGSWGUCNGFGNC
XNXWNCFGUCNKFC
CRTQZWPKFCFGU
(WNN(GCVWTG
u(

2WPVQFGTQEQC
RTGUKPWPKFCFGU
(WNN(GCVWTG
u%
2WPVQFGTQEQC
RTGUKPWPKFCFGU
(WNN(GCVWTG
u(

2QVGPEKC
CNKOGPVCFC2CEM
M9

2QVGPEKC
CNKOGPVCFC2CEM
JR

2QVGPEKCFG
M9
GPVTCFC9QTMRNCEG

2QVGPEKCFG
JR
GPVTCFC9QTMRNCEG

2QVGPEKCFG
GPVTCFC)4(WNN
HGCVWTG
M9

2QVGPEKCFG
GPVTCFC)4(WNN
HGCVWTG
JR

M9
2QVGPEKCFG
GPVTCFC9QTMRNCEG
(WNN(GCVWTG

7PKFCF
GU
DCT DCT DCT
DCT

RUK

RUK

RUK

RUK
2QVGPEKCFG
JR
GPVTCFC9QTMRNCEG
(WNN(GCVWTG

%QPUWOQFG
GPGTIC
UGECFQTC
RNGPCECTIC
WPKFCFGU(WNN
(GCVWTG
M9

%QPUWOQFG
GPGTIC
UGECFQTC
RNGPCECTIC
WPKFCFGU(WNN
(GCVWTG
JR

%QPUWOQFG
GPGTIC
UGECFQTC
RNGPCECTIC
WPKFCFGU(WNN
(GCVWTG
M9

%QPUWOQFG
GPGTIC
UGECFQTC
RNGPCECTIC
WPKFCFGU(WNN
(GCVWTG
JR

4C
4C
4C
4C
4C
4C
4C
4C
6KRQFG
TGHTKIGTCPVG
WPKFCFGU(WNN
(GCVWTG

%CPVKFCFVQVCN
TGHTKIGTCPVG
WPKFCFGU(WNN
(GCVWTG
MI

%CPVKFCFVQVCN
TGHTKIGTCPVG
WPKFCFGU(WNN
(GCVWTG
ND

%CRCEKFCFFG
CEGKVG

7PKFCF
GU
DCT DCT DCT
DCT

RUK

RUK

RUK

RUK
%CRCEKFCFFG
CEGKVG
75ICN

%CRCEKFCFFG
CEGKVG
+ORICN

%CRCEKFCFFG
CEGKVG
EWHV

F$
#
0KXGNFGRTGUKP
CEUVKEC
9QTMRNCEG[
9QTMRNCEG(WNN
(GCVWTG
EQPHQTOG
C+51

F$
#

0KXGNFGRTGUKP
CEUVKEC2CEM[
2CEM(WNN(GCVWTG
EQPHQTOGC+51


+PUVTWEEKQPGURCTCGNWUQFGNFGRUKVQFGCKTG

+PUVTWEEKQPGUFGWUQ
2CTC)#C)#%

'UVGTGEKRKGPVGRWGFGEQPVGPGTCKTGRTGUWTK\CFQVGPICGPEWGPVCGNRGNKITQRQVGPEKCN
SWGGUVQUWRQPGUKPQNQWVKNK\CEQTTGEVCOGPVG
'UVGTGEKRKGPVGUGWUCTPKECOGPVGGPECNKFCFFGUGRCTCFQTFGCKTGEQORTKOKFQCEGKVG
[HWPEKQPCTFGPVTQFGNQUNOKVGUGURGEKHKECFQUGPNCRNCECFGFCVQU
0QFGDGTGCNK\CTPKPIWPCOQFKHKECEKPGPGUVGTGEKRKGPVGPKUQNFCPFQPKVCNCFTCPFQPK
RQTPKPIPQVTQOVQFQOGEPKEQUKPGNRGTOKUQGUETKVQFGNHCDTKECPVG
5GKPFKECTPENCTCOGPVGNCRTGUKP[VGORGTCVWTCFGGUVGTGEKRKGPVG
.CXNXWNCFGUGIWTKFCFFGDGEQTTGURQPFGTEQPRKEQUVTCPUKVQTKQUFGRTGUKPFG
XGEGUNCOZKOCRTGUKPRGTOKUKDNGFGVTCDCLQ&GDGICTCPVK\CTSWGNCRTGUKPPQ
GZEGFGTRGTOCPGPVGOGPVGNCOZKOCRTGUKPRGTOKUKDNGFGVTCDCLQFGNTGEKRKGPVG
7VKNKEGUNQGNCEGKVGGURGEKHKECFQRQTGNHCDTKECPVG
2QTNQVCPVQPQJC[PGEGUKFCFKPVTPUGECFGTGCNK\CTKPURGEEKQPGUKPVGTOGFKCUFGN
TGEKRKGPVGUKUVGUGWVKNK\CFGPVTQFGNQUNOKVGUFGFKUGQ[RCTCNQUHKPGUFGWUQRCTC
NQUSWGUGJCRTGXKUVQ
2CTC)#C%UGWUCTPPKECOGPVGRGTPQUQTKIKPCNGUFGURWUFGCDTKTRCTCWPC
KPURGEEKPKPVGTPC*C[SWGVQOCTGPEQPUKFGTCEKPGNOQOGPVQFGVQTUKPOZKOQ
RCTCRGTPQU/0O
NDHHV
RCTCRGTPQU/0O

NDHHV


2'&

&KTGEVKXCUUQDTGGSWKRQUCRTGUKP
%QORQPGPVGUUWLGVQUCNC&KTGEVKXCUQDTGGSWKRQUCRTGUKP%'
%QORQPGPVGUUWLGVQUCNC&KTGEVKXCUQDTGGSWKRQUCRTGUKP%'UWRGTKQTGUQGSWKXCNGPVGUCNC
ECVGIQTC++
6KRQFGEQORTGUQT
0OGTQFGRKG\C
&GUETKREKP
%NCUGFG2'&
)#C)#%

8NXWNCFGUGIWTKFCF
+8

8NXWNCFGUGIWTKFCF
+8

8NXWNCFGUGIWTKFCF
+8

4GEKRKGPVG
++

8NXWNCFGUGIWTKFCF
+8
%NCUKHKECEKPIGPGTCN
2CTC)#C)#%NQUEQORTGUQTGUEWORNGPNC&KTGEVKXCUQDTGGSWKRQUCRTGUKP
2'&RCTCGSWKRQU
EQPWPCECVGIQTCKPHGTKQTCNC%CVGIQTC++

GA11, GA15, GA18, GA22, GA30C
Manual de Instrucciones
Atlas Copco se distingue como empresa por nuestra

conviccin de que slo podremos destacar en lo que
hacemos si ofrecemos la mejor experiencia tecnolgica
posible para ayudar realmente a nuestros clientes a
producir, crecer y triunfar.
Slo hay una forma de conseguirlo nosotros lo
llamamos simplemente el estilo Atlas Copco. Se basa en
la interaccin, las relaciones a largo plazo y la
participacin en los procesos, necesidades y objetivos de
los clientes. Significa que debemos ser flexibles para
adaptarnos a los variados requisitos de las personas que
confan en nosotros.
El compromiso con el negocio de nuestros clientes
dirige nuestro esfuerzo para aumentar su productividad
mediante mejores soluciones. Un compromiso que
comienza prestando pleno apoyo a los productos
existentes y mejorando las cosas continuamente. Pero no
nos detenemos aqu, concebimos y realizamos avances
tecnolgicos a travs de la innovacin. No por simple
amor a la tecnologa, sino pensando en los resultados y
en la tranquilidad de nuestros clientes.
As es como Atlas Copco se esforzar por seguir siendo
la primera eleccin, atraer nuevos negocios y mantener
nuestra posicin como lder de la industria.

Catalogo Español GA30 FF

Cargado por

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Copyright:

Formatos disponibles

Catalogo Español GA30 FF

Cargado por

Copyright:

Formatos disponibles

Manual de instrucciones

GA11, GA15, GA18, GA22, GA30C

Fecha de impresin ......... 19/05/2005

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#./#%'0#/+'061&'5275&'.#+056#.#%+0  

(+.641&'#+4'  

4'(4+)'4#&14'5  

8.87.#5&'5')74+&#&  

51.7%+0&'241$.'/#5  

&CVQUVEPKEQU  

+0&+%#%+10'5'0'.&+52.#;  

6#/#1&'%#$.'5'.%64+%15  

#,756'5&'.&+5;70614&'./1614&'.8'06+.#&14  

+PUVTWEEKQPGURCTCGNWUQFGNFGRUKVQFGCKTG  

2 2  

 UGOWGUVTCPNQUCLWUVGURQUKDNGU/RC RUK [DCT RCTRCFGCNCWPKFCFSWGUGWUCGP

 UGOWGUVTCPNQUCLWUVGURQUKDNGUu% [u( RCTRCFGCNCWPKFCFSWGUGWUCGPTGCNKFCF

&GURNEGUGRQTGNFKURNC[JCUVCSWG 5DCFQ XC[CUGIWKFQFGWPCHNGEJCJQTK\QPVCN2WNUGNCVGENCFG

&GURNEGUGRQTGNFKURNC[JCUVCSWG .WPGU XC[CUGIWKFQFGWPCHNGEJCJQTK\QPVCN2WNUGNCVGENCFG

2WNUGNCVGENC /QF [UGNGEEKQPGGNOQFQFGEQPVTQNFGUGCFQEQPC[WFCFGNCUVGENCUFG

6COCQFG 6COCQFG 6COCQFG 6COCQFG 6COCQFG

DCT DCT DCT

DCT DCT DCT

DCT DCT DCT

DCT DCT DCT

DCT DCT DCT

DCT DCT DCT

DCT DCT DCT

DCT DCT DCT

DCT DCT DCT

DCT DCT DCT

DCT DCT DCT

DCT DCT DCT

DCT DCT DCT

DCT DCT DCT

DCT DCT DCT

DCT DCT DCT

DCT DCT DCT

DCT DCT DCT

DCT DCT DCT

DCT DCT DCT

GA11, GA15, GA18, GA22, GA30C

Atlas Copco se distingue como empresa por nuestra

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