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94 9-

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'VOEB #.8
'VOEB QMFHBCMF DPO DSFNBMMFSB RVF QVFEF DPOWFSUJSTF FO
CPMTB EF O EF TFNBOB #PMTJMMPT MBUFSBMFT WFOUJMBEPT Z BTB EF
USBOTQPSUF FSHPO NJDB Z FTUBCMF DPO DJFSSF EF DMJD (BODIPT
QBSB DPMHBSMB .BUFSJBM QPMJTUFS
%JNFOTJPOFT
Y
Y
DN 1FTP
LH

#.8 5SPMMFZ
QVMHBEBT
&TQBDJPTP USPMMFZ EF WJBKF %JWJTJ O FO DPNQBSUJNFOUPT
QUJNB UJSBEPS UFMFTD QJDP SFHVMBCMF FO BMUVSB Z SPEJMMPT EF
NBSDIB TVBWF $PO DPSSFBT EF TVKFDJ O .BUFSJBM QPMJTUFS
%JNFOTJPOFT
Y
Y
DN 1FTP
LH

/FHSP

/FHSP

FVSPT

5SPMMFZ #.8
QVMHBEBT
5SPMMFZ DPO UJSBEPS UFMFTD QJDP BKVTUBCMF FO BMUVSB BTBT
FTUBCMFT Z SVFEBT EF HPNB TJMFODJPTBT Z EF NBSDIB TVBWF
1SDUJDB EJWJTJ O EF DPNQBSUJNFOUPT .BUFSJBM QPMJTUFS
%JNFOTJPOFT
Y
Y
DN 1FTP
LH

FVSPT

/FHSP

$BSUFSB #.8 DBCBMMFSP


$BSUFSB EF DVFSP DPO EPT DPNQBSUJNFOUPT QBSB CJMMFUFT Z
DVBUSP QBSB UBSKFUBT EF DSEJUP VOP QBSB NPOFEBT Z PUSP DPO
WFOUBOB EF NBMMB .BUFSJBM DVFSP
%JNFOTJPOFT
Y
Y
DN
/FHSP

FVSPT

$BSUFSB #.8 QMBOB DBCBMMFSP


$BSUFSB DPO EPT DPNQBSUJNFOUPT QBSB CJMMFUFT Z EJF[ QBSB
UBSKFUBT Z VO DPNQBSUJNFOUP DPO WFOUBOB EF NBMMB 4PMBQB
JOUFSJPS DPO DJFSSF DPO CPU O B QSFTJ O .BUFSJBM DVFSP
%JNFOTJPOFT
Y
Y
DN
/FHSP

/FHSP #BZB
/FHSP "[VM

FVSPT
FVSPT

/FHSP

FVSPT

-MBWFSP #.8 DVBESBEP


-MBWFSP NBUF DPO FNCMFNB Z BQFSUVSB P DJFSSF NFEJBOUF BOJMMB
TFHVSB EF HJSBS Z UJSBS .BUFSJBM NFUBM %JNFOTJPOFT BQSPY
Y
DN
1MBUFBEP NBUF

.BMFUB EF DBCJOB #.8


&TQBDJPTB NBMFUB EF UBNBP BEFDVBEP QBSB DBCJOB DPO EPT
CPMTJMMPT FYUFSJPSFT Z UJSBEPS UFMFTD QJDP BKVTUBCMF FO BMUVSB
.BUFSJBM QPMJTUFS %JNFOTJPOFT
Y
Y
DN 1FTP
LH
/FHSP

FVSPT

#PMTB EF NFOTBKFSP #.8


#PMTB EF NFOTBKFSP QBSB QPSUUJM EF IBTUB
QVMHBEBT 1SDUJDPT
CPMTJMMPT JOUFSJPSFT Z FYUFSJPSFT DPO EPT DPNQBSUJNFOUPT
QSJODJQBMFT BDPMDIBEPT BTB BDPMDIBEB Z DPSSFBT QBSB IPNCSP
*EFBM DPNP DPNQMFNFOUP QBSB USPMMFZ .BUFSJBM QPMJTUFS
%JNFOTJPOFT
Y
Y DN 1FTP
LH
/FHSP

FVSPT

FVSPT

&TUVDIF QBSB UBSKFUBT EF DSEJUP #.8 DBCBMMFSP


&TUVDIF EF DVFSP EF CVFZ HSBCBEP DPO FTQBDJP QBSB TFJT
UBSKFUBT EF DSEJUP .BUFSJBM DVFSP
%JNFOTJPOFT
Y Y
DN
$BSUFSB #.8 BQBJTBEB VOJTFY
&YDMVTJWB DBSUFSB EF DVFSP EF CVFZ HSBCBEP 'PSSP JOUFSJPS
FO DPMPS EF DPOUSBTUF DPNQBSUJNFOUP QBSB NPOFEBT Z PDIP
DPNQBSUJNFOUPT QBSB UBSKFUBT EF DSEJUP $PO DSFNBMMFSBT
NFUMJDBT FTUBCMFT .BUFSJBM DVFSP
%JNFOTJPOFT
Y Y DN

FVSPT

FVSPT

#PMTB EF EFQPSUF #.8


#PMTB EF EFQPSUF DPO HSBO DPNQBSUJNFOUP QSJODJQBM Z
DPNQBSUJNFOUP BEJDJPOBM QBSB MMBWFT #PMTB QBSB DBM[BEP DPO NBMMB
EF WFOUJMBDJ O "NQMJPT CPMTJMMPT FYUFSJPSFT DPO PSHBOJ[BEPS FO
MPT MBUFSBMFT .BUFSJBM QPMJTUFS %JNFOTJPOFT
Y
Y
DN
1FTP
LH
/FHSP

FVSPT

/FDFTFS #.8
/FDFTFS DPO WBSJPT CPMTJMMPT JOUFSJPSFT QFRVFPT QBSB
BSU DVMPT EF BTFP $PNQBSUJNFOUP FYUFSJPS BEJDJPOBM Z FTQFKP
FYUSB CMF .BUFSJBM QPMJTUFS %JNFOTJPOFT
Y
Y
DN
/FHSP

FVSPT

#.8 -*'&45:-& ] $0-&$$* / #.8

5B[B EF DBG DPO EJTFP #.8 Z DVFODP EF EJTFP


5B[B EF DBG Z DVFODP EF LP[JPM EF QPSDFMBOB "OJMMP EF
DPOUSBTUF FO B[VM PTDVSP DPO BOBHSBNB Z MPHPUJQP #.8
.BUFSJBM QPSDFMBOB QMTUJDP

7BTP UFSNP DPO EJTFP #.8


7BTP UFSNP DPO EPCMF QBSFE QJO DPO MPHPUJQP #.8 FO DPMPS
Z BOBHSBNB #.8 .BUFSJBM BDFSP JOPYJEBCMF QMTUJDP
7PMVNFO
NM

5B[B EF DBG EF EJTFP WPM


#MBODP "[VM PTDVSP

(SJT FTQBDJBM NFUBMJ[BEP

$VFODP EF EJTFP WPM


#MBODP "[VM PTDVSP

NM

FVSPT

FVSPT
NM
FVSPT

1BSBHVBT QMFHBCMF #.8 BVUPNUJDP


1BSBHVBT QMFHBCMF DPO BSNB[ O EF DBSCPOP Z BMVNJOJP "QFSUVSB
Z DJFSSF BVUPNUJDPT -PHPUJQP #.8 FO DPMPS FO MB FNQVBEVSB
DPNP EJTQPTJUJWP EF BQFSUVSB BVUPNUJDP %JTFP EF MPHPUJQP
#.8 B KVFHP FO FM FYUFSJPS 5FMB EF GVOEB QPMJTUFS QPOHFF
%JNFUSP
DN
(SJT FTQBDJBM

$IBM EF WFSBOP #.8 VOJTFY


$IBM MJHFSP DPO GSBOKBT Z BOBHSBNB #.8 FOUSFUFKJEP 0SJMMPT
MBUFSBMFT 4VBWJEBE Z BKVTUF QFSGFDUP .BUFSJBM WJTDPTB
%JNFOTJPOFT
Y
DN

FVSPT

(SJT BMVNJOJP (SJT FTQBDJBM


FVSPT

1BSBHVBT #.8 DPO EJTFP


1BSBHVBT BVUPNUJDP "SNB[ O EF CSB EF WJESJP FTUBCMF Z
MJHFSP -PHPUJQP #.8 FO DPMPS FO MB FNQVBEVSB DPNP
EJTQPTJUJWP EF BQFSUVSB BVUPNUJDB 5FMB EF GVOEB QPMJTUFS
QPOHFF %JNFUSP
DN
(SJT FTQBDJBM

FVSPT

1BSBHVBT #.8
1BSBHVBT QMFHBCMF "QFSUVSB QBSDJBMNFOUF BVUPNUJDB Z
MPHPUJQP #.8 JOTFSUBEP FO MB FNQVBEVSB 5FMB EF GVOEB
QPMJTUFS %JNFUSP BQSPY
DN
"[VM NBSJOP

FVSPT

+VFHP EF WBTP Z UB[B EF DBG #.8


+VFHP EF QPSDFMBOB .PEFMPT #.8 IJTU SJDPT DPO JNQSFTJ O
FO CMBODP Z OFHSP $PO DBKB EF SFHBMP .BUFSJBM QPSDFMBOB
7BTP EF DBG #.8 CMBODP WPM
#.8
#.8
+VFHP EF UB[BT EF DBG CMBODP
+VFHP

(PSSP #.8 VOJTFY


(PSSP EF QVSB MBOB NFSJOB $PO MPHPUJQP #.8 HSBCBEP FO
SFNBDIF EF NFUBM " KVFHP DPO DIBM .BUFSJBM MBOB NFSJOB
(SJT FTQBDJBM NF[DMB

FVSPT

NM
FVSPT D V

FVSPT

#VOGBOEB #.8 VOJTFY


4VBWF CVGBOEB EF QVOUP DPO EPCMF BDBOBMBEP $PO SFNBDIF
EF NFUBM #.8 .BUFSJBM MBOB NFSJOB
(SJT FTQBDJBM NF[DMB

FVSPT

&45*-0 /*$0
6/" %&$-"3"$* /
%& -6+0 : 3&-"+"$* /
-B $PMFDDJ O #.8 *DPOJD DPNCJOB NBUFSJBMFT
FYDMVTJWPT Z BDBCBEP QSFDJTP DPO VOB FMFHBODJB
BUFNQPSBM :B TF USBUF EF VO FMFHBOUF SFMPK EF
QVMTFSB VOB FYDMVTJWB NBOUB P BUSBDUJWPT
BSU DVMPT EF DVFSP FTUB DPMFDDJ O QFSNJUF
FYQSFTBS TJFNQSF VO FTUJMP OJDP

$0-&$$* / #.8 *$0/*$

#.8 -*'&45:-& ] $0-&$$* / #.8 *$0/*$

&/ ."3$)" $0/


6/ &45*-0 &9$-64*70

'VOEB VOJWFSTBM QBSB UBCMFU #.8 *DPOJD


'BCSJDBEB BSUFTBOBMNFOUF EF DVFSP EF CFDFSSP $PTUVSB
EPCMF DPO IJMP FODFSBEP DJFSSF BCBUJCMF NBHOUJDP CPMTJMMP
FYUFSJPS BEJDJPOBM FO MB QBSUF QPTUFSJPS 'PSSP JOUFSJPS EF
+BDRVBSE DPO EJTFP EF QBSSJMMB #.8 Z BOBHSBNB #.8
'BCSJDBEB FO *UBMJB "EFDVBEB QBSB FM J1BE "JS 4BNTVOH
(BMBYZ 5BC 4
P UBCMFUT NT QFRVFBT .BUFSJBM DVFSP
EF CFDFSSP QPMJTUFS %JNFOTJPOFT
Y
Y
DN

'VOEB VOJWFSTBM QBSB N WJM #.8 *DPOJD


&YDMVTJWB GVOEB VOJWFSTBM QBSB TNBSUQIPOF EF DVFSP EF
CFDFSSP DPO DPTUVSB EPCMF EF IJMP FODFSBEP 'PSSP JOUFSJPS EF
+BDRVBSE DPO QBSSJMMB #.8 Z BOBHSBNB #.8 "EFDVBEB
QBSB FM J1IPOF P NT QFRVFP 'BCSJDBEB FO *UBMJB .BUFSJBM
DVFSP EF CFDFSSP QPMJTUFS %JNFOTJPOFT
Y
Y
DN

/FHSP

/FHSP

FVSPT

FVSPT

$MJQ QBSB CJMMFUFT #.8 *DPOJD


$MJQ DPO GPSNB EF QBSSJMMB #.8 )PSRVJMMB FTUBCMF Z FNQBTUF
EF DBVDIP EF BTQFDUP SBOVSBEP -PHPUJQP #.8 HSBCBEP FO
MB QBSUF QPTUFSJPS 'BCSJDBEP FO "MFNBOJB .BUFSJBM BDFSP
JOPYJEBCMF DBVDIP %JNFOTJPOFT BQSPY
Y
DN
1MBUFBEP OFHSP

FVSPT

-MBWFSP #.8 *DPOJD QBSSJMMB EPCMF


-MBWFSP EF BDFSP JOPYJEBCMF DPO DJFSSF EF NPTRVFU O Z
FNQBTUF EF DBVDIP DPO EPCMF SBOVSBEP DPO GPSNB EF QBSSJMMB
#.8 "EFDVBEP QBSB UPEBT MBT MMBWFT #.8 'BCSJDBEP FO
"MFNBOJB .BUFSJBM BDFSP JOPYJEBCMF DBVDIP %JNFOTJPOFT
BQSPY
Y
DN
1MBUFBEP OFHSP

5SPMMFZ 4QJOOFS #.8 *DPOJD


QVMHBEBT
5SPMMFZ EF OZMPO DPO JOTFSDJPOFT EF DVFSP BVUOUJDP EF HSBOP
4JTUFNB EF SVFEBT DPO UJSBEPS UFMFTD QJDP /VNFSPTPT
DPNQBSUJNFOUPT JOUFSJPSFT Z FYUFSJPSFT $PNQBSUJNFOUP QSJODJQBM
DPO EPT TFDDJPOFT Z DPSSFBT FMTUJDBT .BUFSJBM OZMPO DVFSP
%JNFOTJPOFT
Y
Y
DN 1FTP
LH

FVSPT
/FHSP

-MBWFSP #.8 *DPOJD QBSSJMMB


-MBWFSP DPO GPSNB EF QBSSJMMB #.8 FO BDFSP JOPYJEBCMF
DFQJMMBEP &NQBTUF EF DBVDIP DPO GPSNB SBOVSBEB $JFSSF
DPO NFDBOJTNP EF UJSBS Z HJSBS "EFDVBEP QBSB UPEBT MBT
MMBWFT #.8 'BCSJDBEP FO "MFNBOJB .BUFSJBM BDFSP
JOPYJEBCMF DBVDIP %JNFOTJPOFT BQSPY
Y
DN

1BSBHVBT #.8 *DPOJD


1BSBHVBT BVUPNUJDP &MFHBOUF FNQVBEVSB EF DVFSP Z
BSNB[ O EF CSB EF WJESJP SFTJTUFOUF BM WJFOUP $PO EJTDSFUP
EJTFP EF QBSSJMMB #.8 FO FM QBSBHVBT Z FM FTUVDIF 5FMB EF
GVOEB QPMJTUFS %JNFUSP
DN

1MBUFBEP OFHSP

/FHSP

FVSPT

FVSPT

FVSPT

.BMFUB EF DBCJOB 4QJOOFS #.8 *DPOJD


QVMHBEBT
5SPMMFZ BEFDVBEP QBSB DBCJOB EF OZMPO UFKJEP DPO JOTFSDJPOFT
EF DVFSP BVUOUJDP 4JTUFNB EF SVFEBT DPO UJSBEPS UFMFTD QJDP
/VNFSPTPT DPNQBSUJNFOUPT JOUFSJPSFT Z FYUFSJPSFT .BUFSJBM
OZMPO DVFSP %JNFOTJPOFT
Y
Y
DN 1FTP
LH
/FHSP

FVSPT

#.8 -*'&45:-& ] $0-&$$* / #.8 *$0/*$

&TUVDIF QBSB UBSKFUBT EF DSEJUP Z UBSKFUBT EF WJTJUB


#.8 *DPOJD DPO DMJQ QBSB CJMMFUFT
&TUVDIF EF FYDMVTJWP DVFSP 6O DPNQBSUJNFOUP JOUFSJPS Z
USFT DPNQBSUJNFOUPT SFGPS[BEPT QBSB UBSKFUBT EF DSEJUP P EF
WJTJUB 'PSSP JOUFSJPS EF +BDRVBSE DPO EJTFP EF QBSSJMMB #.8
FOUSFUFKJEP Z BOBHSBNB #.8 'BCSJDBEP FO *UBMJB .BUFSJBM
DVFSP QPMJTUFS %JNFOTJPOFT
Y Y
DN
/FHSP

FVSPT

$BSUFSB #.8 *DPOJD DBCBMMFSP


$BSUFSB GBCSJDBEB BSUFTBOBMNFOUF EF DVFSP EF CFDFSSP
$PTUVSB EPCMF EF IJMP FODFSBEP VO DPNQBSUJNFOUP QBSB
NPOFEBT EPT QBSB CJMMFUFT Z EPDF DPNQBSUJNFOUPT
SFGPS[BEPT QBSB UBSKFUBT EF DSEJUP 'PSSP JOUFSJPS EF
+BDRVBSE 'BCSJDBEP FO *UBMJB .BUFSJBM DVFSP QPMJTUFS
%JNFOTJPOFT
Y
Y
DN
/FHSP

#PMTB EF WJBKF #.8 *DPOJD QBSB O EF TFNBOB


QVMHBEBT
&YDMVTJWB CPMTB QBSB O EF TFNBOB EF OZMPO DPO JOTFSDJPOFT
EF DVFSP BVUOUJDP $PNQBSUJNFOUP QSJODJQBM DPO DSFNBMMFSB
Z DPSSFB FYUSB CMF EF IPNCSP "HBSSF DPO BOBHSBNBT #.8
"TBT EF DVFSP DPO DJFSSF NBHOUJDP .BUFSJBM OZMPO DVFSP
%JNFOTJPOFT
Y
Y
DN 1FTP
LH
/FHSP

FVSPT

(BGBT EF TPM #.8 *DPOJD


(BGBT EF TPM EF BWJBEPS NVZ MJHFSBT $SJTUBM FTQFKBEP DPO
QSPUFDDJ O 67 JOUFHSBM 1JO DPO MPHPUJQP #.8 FO BNCBT
QBUJMMBT $BKB QMFHBCMF .BUFSJBM EF NPOUVSB BDFSP JOPYJEBCMF
.BUFSJBM EF DSJTUBM OZMPO

.FUBMJ[BEP

FVSPT

FVSPT

#PMTB EF NBOP #.8 *DPOJD EF DVFSP VOJTFY


&YDMVTJWB CPMTB EF NBOP EF DVFSP DPO DPTUVSB EPCMF EF IJMP
FODFSBEP Z DSFNBMMFSB EF GVODJPOBNJFOUP TVBWF %PT PKBMFT
VO DPNQBSUJNFOUP MBUFSBM 'PSSP JOUFSJPS EF +BDRVBSE DPO
QBSSJMMB #.8 Z BOBHSBNB #.8 'BCSJDBEP FO *UBMJB .BUFSJBM
DVFSP QPMJTUFS %JNFOTJPOFT
Y
Y
DN
/FHSP

FVSPT

1BVFMP EF TFEB #.8 *DPOJD


&MFHBOUF QBVFMP EF TFEB *NQSFTJ O EF BVUPN WJMFT #.8
IJTU SJDPT FO DPMPSFT )FDIP B NBOP DPO FMFHBOUF FNCBMBKF
'BCSJDBEP FO *UBMJB .BUFSJBM TFEB %JNFOTJPOFT
Y
DN
(SJT FTQBDJBM
"[VM BDFSP
/BSBOKB

FVSPT

.BOUB #.8 *DPOJD


.BOUB #.8 MJHFSB Z BHSBEBCMF EF FMFHBOUF MBOB NFSJOB $PO
BOBHSBNB #.8 BQMJDBEP FO FM EJTUJOUJWP EF DVFSP &TUSVDUVSB
VJEB 'BCSJDBEB FO *UBMJB .BUFSJBM MBOB NFSJOB IJMP EF MBOB
%JNFOTJPOFT
Y
DN
(SJT

FVSPT

#.8 -*'&45:-& ] $0-&$$* / #.8 *$0/*$

#*&/7&/*%0 "
13*.&3" $-"4&

3FMPK EF QVMTFSB #.8 -VYVSZ DBCBMMFSP


3FMPK EF QVMTFSB BVUPNUJDP FO DBKB EF BDFSP JOPYJEBCMF
QBSDJBMNFOUF TBUJOBEP DPO DSJTUBM EF [B SP BOUJSSF FDUBOUF
UBNCJO FO FM GPOEP .FDBOJTNP 4FMMJUB TVJ[P &TGFSB DPO
DIPSSP EF BSFOB DPO EPT BHVKBT DPO -VNJOPWB F JOEJDBEPS
EF GFDIB $PSSFB EF DVFSP EF CFDFSSP HSBCBEB DPO DJFSSF
EF NBSJQPTB DPO MPHPUJQP #.8 B MTFS 4VNFSHJCMF IBTUB
"5. $PO DBKB EF SFHBMP 'BCSJDBEP FO 4VJ[B $BKB
BDFSP JOPYJEBCMF DSJTUBM EF [B SP $PSSFB DVFSP EF CFDFSSP
/FHSP

$BSUFSB #.8 *DPOJD BQBJTBEB TFPSB


'BCSJDBEB BSUFTBOBMNFOUF EF DVFSP EF CFDFSSP EF TFPSB
$PTUVSB EPCMF EF IJMP FODFSBEP DVBUSP DPNQBSUJNFOUPT
JOUFSJPSFT VOP QBSB NPOFEBT VOP FYUFSJPS Z EJF[ QBSB UBSKFUBT
EF DSEJUP 'PSSP JOUFSJPS EF +BDRVBSE 'BCSJDBEB FO *UBMJB
.BUFSJBM DVFSP QPMJTUFS %JNFOTJPOFT
Y
Y DN
/FHSP

NN

FVSPT

(FNFMPT #.8 *DPOJD


(FNFMPT DPO GPSNB EF QBSSJMMB #.8 "DFSP JOPYJEBCMF
JOTFSDJ O EF DBVDIP $PO DMJQ HJSBUPSJP .BUFSJBM BDFSP
JOPYJEBCMF DBVDIP %JNFOTJPOFT
Y
DN

FVSPT
1MBUFBEP OFHSP

FVSPT

"HFOEB #.8 *DPOJD DPO SFDBNCJP


&YDMVTJWB UBQB EF BHFOEB EF DVFSP EF CFDFSSP DPO DPTUVSB
EPCMF BSUFTBOBM Z GPSSP JOUFSJPS EF +BDRVBSE $PO BHFOEB
JOUFSDBNCJBCMF DPO SJCFUF QMBUFBEP 'BCSJDBEP FO *UBMJB .BUFSJBM
DVFSP QPMJTUFS 1HJOBT
%JNFOTJPOFT
Y
NN
%*/ "

+VFHP EF FTDSJUVSB #.8 *DPOJD


&YDMVTJWP KVFHP EF FTDSJUVSB DPO BDBCBEP EF CSJMMP JOUFOTP
QMVNB FTUJMPHS DB Z CPM HSBGP $MJQT HSBOEFT Z BNPSUJHVBEPT
IFSSBKF EF SPEJP DIBQBEP .VFMMF DPO MPHPUJQP #.8 HSBCBEP
Z BOBHSBNB #.8 DJSDVMBS FO FM BOJMMP DFOUSBM &YDMVTJWP
FTUVDIF BEFDVBEP QBSB HSBCBDJ O 'BCSJDBEP FO "MFNBOJB
.BUFSJBM MBU O SPEJP

&TUVDIF QBSB UBSKFUBT EF DSEJUP Z EF WJTJUB #.8 *DPOJD


&YDMVTJWP FTUVDIF QBSB UBSKFUBT EF DSEJUP Z EF WJTJUB EF DVFSP
EF CFDFSSP $PTUVSB EPCMF BSUFTBOBM VO DPNQBSUJNFOUP DFOUSBM
TFJT DPNQBSUJNFOUPT SFGPS[BEPT QBSB UBSKFUBT EF DSEJUP 'PSSP
EF +BDRVBSE 'BCSJDBEP FO *UBMJB .BUFSJBM DVFSP QPMJTUFS
%JNFOTJPOFT
Y Y
DN

/FHSP

/FHSP

/FHSP

FVSPT

FVSPT

FVSPT

.
'6&3;" &/
&45"%0 1630
-B $PMFDDJ O #.8 . DPNCJOB QPUFODJB DPO
BMUB UFDOPMPH B Z QVSB BESFOBMJOB : FTP TF
BQSFDJB DMBSBNFOUF FO FM DPMPS NT SPUVOEP FM
OFHSP &TUF TF FODVFOUSB QSFTFOUF FO
DIBRVFUBT FRVJQBKF Z BDDFTPSJPT &YDMVTJWJEBE
. TJO DPODFTJPOFT

$0-&$$* / #.8 .

#.8 -*'&45:-& ] $0-&$$* / #.8 .

13&4&/$*" $0/
$"3*4."

3FMPK #.8 .
3FMPK EF QVMTFSB DPO DBKB EF BDFSP JOPYJEBCMF DFQJMMBEP DPO
FTDBMB UBRVJNUSJDB Z DSJTUBM NJOFSBM &TGFSB OFHSB JOEJDBEPS
EF GFDIB NFDBOJTNP EF DVBS[P 3POEB TVJ[P $PSSFB DPO GSBOKBT
#.8 . FO DPMPS 4VNFSHJCMF IBTUB
"5. .BUFSJBM EF DBKB
BDFSP JOPYJEBCMF DSJTUBM NJOFSBM .BUFSJBM EF DPSSFB OZMPO
/FHSP
$IBRVFUB #.8 . DBCBMMFSP
1BSB UPEP UJQP EF DMJNB %FUBMMFT EF DPSUF SF OBEPT DSFNBMMFSB
EPCMF 'PSSP JOUFSJPS DPO QFTQVOUF DPO EJTFP EF SFKJMMB EF
UPNB EF BJSF EFM #.8 . 1VPT EF NBOHBT DVCJFSUPT .FEJB
UBQFUB EF CPUPOFT DVCJFSUB .BUFSJBM QPMJTUFS

4VEBEFSB #.8 . TFPSB


4VEBEFSB DPO BTQFDUP EF OFPQSFOP EF NBUFSJBM SFTJTUFOUF
BM WJFOUP $PSUF SF OBEP [POB EF FTQBMEB CSB[PT Z IPNCSPT
DPO BQMJDBDJPOFT EF EJTFP EFQPSUJWP #PMTJMMPT GSPOUBMFT
QSPGVOEPT DPO DSFNBMMFSB .BUFSJBM QPMJTUFS

/FHSP

/FHSP

4 99-

FVSPT

94 9-

NN

$JOUVS O #.8 . VOJTFY


$JOUVS O EF UFKJEP USFO[BEP DPO EPCMF DJFSSF % EF NFUBM DPO
MPHPUJQP . HSBCBEP 3FNBUF EF DVFSP .BUFSJBM EF DJOUVS O
QPMJTUFS .BUFSJBM EF DJFSSF NFUBM %JNFOTJPOFT
Y DN

FVSPT
/FHSP

1PMP #.8 . DBCBMMFSP


1PMP NPEFSOP DPO EJGFSFOUFT FTUSVDUVSBT EF NBUFSJBMFT
#PMTJMMP Z MPHPUJQP #.8 . USJEJNFOTJPOBM FO SPKP FO FM QFDIP
.BUFSJBM
BMHPE O
QPMJTUFS
FMBTUO
/FHSP

4 99-

FVSPT

1PMP #.8 . TFPSB


1PMP FOUBMMBEP DPO DVFMMP BMUP Z MPHPUJQP #.8 . USJEJNFOTJPOBM
FO SPKP FO FM QFDIP 5BQFUB EF CPUPOFT MBSHB Z DVCJFSUB #PMTJMMP
QSPOVODJBEP FO FM QFDIP .BUFSJBM
BMHPE O
QPMJTUFS
FMBTUO

FVSPT

$BM[BEP #.8 . 9 $BU VOJTFY


;BQBUJMMBT #.8 . QMBUFBEBT EF 1VNB %FUBMMFT NBSDBEPT
DPO BTQFDUP EF CSB EF DBSCPOP MPHPUJQP . HSBCBEP FO
UBM O Z GSBOKBT #.8 . FO MFOH FUB USBTFSB .BUFSJBM FYUFSJPS
DVFSP TJOUUJDP 4VFMB HPNB
5BMMBT WFS UBCMB EF MB QHJOB
1MBUFBEP

FVSPT

FVSPT
/FHSP

94 9-

FVSPT

(PSSB #.8 . 1FSGPSNBODF VOJTFY


&MFHBOUF HPSSB EF TFJT QJF[BT FO OFHSP DPO MPHPUJQP . DPNP
JNQSFTJ O FOHPNBEB USJEJNFOTJPOBM Z MPHPUJQP . HSBCBEP FO
FM DJFSSF NFUMJDP 1BSUF JOGFSJPS EF WJTFSB Z DJOUB BKVTUBCMF DPO
BTQFDUP EF CSB EF DBSCPOP .BUFSJBM QPMJTUFS

#PMTB EF WJBKF USPMMFZ #.8 .


#PMTB EF WJBKF EF BTQFDUP EFQPSUJWP DPO UJSBEPS UFMFTD QJDP
FTUBCMF Z SVFEBT DPO EJTFP EF MMBOUBT EFM #.8 . "TBT
DPO BTQFDUP EF DJOUVS O EF TFHVSJEBE GSBOKBT #.8 . FO DPMPS
'PSSP JOUFSJPS DPO EJTFP EF SFKJMMB EF UPNB EF BJSF EFM #.8 .
.BUFSJBM OZMPO QPMJTUFS %JNFOTJPOFT
Y
Y
DN

/FHSP

/FHSP

FVSPT

FVSPT

#.8 -*'&45:-& ] $0-&$$* / #.8 .

13&45"$*0/&4
$0/ 13&$*4* /

1VMTFSB #.8 . VOJTFY


&MFHBOUF QVMTFSB RVF DPOTUB EF USFT UJSBT EF DVFSP -BUFSBMFT
EF MBT USFT UJSBT FO DPMPSFT PSJHJOBMFT #.8 . $JFSSF EF NFUBM
FO DPMPS BOUSBDJUB DPO JNQSFTJ O EF MPHPUJQP . FO OFHSP CSJMMBOUF
.BUFSJBM DVFSP NFUBM %JNFOTJPOFT
Y
Y
DN

$BNJTFUB #.8 . DBCBMMFSP


$BNJTFUB DPO DVFMMP SFEPOEP EF NBUFSJBM BDBOBMBEP Z
MPHPUJQP #.8 . DPNP JNQSFTJ O DPSSVHBEB FO FM QFDIP
$PTUVSB EJONJDB .BUFSJBM
BMHPE O
FMBTUO
/FHSP

4 99-

/FHSP

FVSPT

FVSPT
(BGBT EF TPM #.8 . 1FSGPSNBODF VOJTFY
(BGBT EF TPM EFQPSUJWBT EF BWJBEPS 1JO DPO MPHPUJQP . FO
OFHSP CSJMMBOUF FO FM MBUFSBM Z SFNBUF DPNP EFUBMMF EF EJTFP
$SJTUBM DPO EFHSBEBEP EF DPMPS BOUSBDJUB Z QSPUFDDJ O 67
JOUFHSBM .POUVSB BDFUBUP .BUFSJBM EF DSJTUBM OZMPO
/FHSP

FVSPT

-MBWFSP #.8 . EF CSB EF DBSCPOP


-MBWFSP DPO EPCMF DBQB EF BVUOUJDB CSB EF DBSCPOP $JFSSF
EF UJSBS Z HJSBS MPHPUJQP #.8 . HSBCBEP USFT FOHBODIFT
JOEFQFOEJFOUFT 'BCSJDBEP FO "MFNBOJB .BUFSJBM CSB EF
DBSCPOP BDFSP JOPYJEBCMF
/FHSP
&TUVDIF #.8 .
&TUVDIF DPO BTQFDUP EF CSB EF DBSCPOP DPO GSBOKBT
#.8 . FO DPMPS Z MPHPUJQP #.8 . .BUFSJBM QMTUJDP
QPMJBDS MJDP
$SPO HSBGP #.8 . BVUPNUJDP
$SPO HSBGP BVUPNUJDP EF BMUB QSFDJTJ O &YDMVTJWP NFDBOJTNP
BVUPNUJDP 4FMMJUB TVJ[P DPO UBQB EF GPOEP EF DSJTUBM EF [B SP
Z MPHPUJQP #.8 . HSBCBEP B MTFS $BKB EF BDFSP JOPYJEBCMF
NBDJ[P OEJDFT BQMJDBEPT BHVKBT MVNJOJTDFOUFT F JOEJDBEPS
UBRVJNUSJDP DBSBDUFS TUJDP &TGFSB DPO USFT JOEJDBEPSFT
DSPOPNUSJDPT F JOEJDBEPSFT EF GFDIB Z EF E B EF MB TFNBOB
-PHPUJQP #.8 FO MB DPSPOB 4VNFSHJCMF IBTUB
"5. $PO
FYDMVTJWB DBKB EF SFHBMP DPO EFTUPSOJMMBEPS QBSB BKVTUBS MPT
FTMBCPOFT BUPSOJMMBEPT EFM CSB[BMFUF 'BCSJDBEP FO 4VJ[B .BUFSJBM
EF DBKB BDFSP JOPYJEBCMF Z DSJTUBM EF [B SP UBNCJO FO FM GPOEP
.BUFSJBM EF CSB[BMFUF BDFSP JOPYJEBCMF
1MBUFBEP

NN

FVSPT

/FHSP
"QQMF J1IPOF
"QQMF J1IPOF 1MVT
4BNTVOH (BMBYZ 4

-MBWFSP #.8 . BDFSP JOPYJEBCMF


-MBWFSP DPO HSBCBEP DPO BTQFDUP EF SFKJMMB EF UPNB EF BJSF
EFM #.8 . -PHPUJQP . FO DPMPS 'BCSJDBEP FO "MFNBOJB
.BUFSJBM BDFSP JOPYJEBCMF
1MBUFBEP

FVSPT

FVSPT

&TUVDIF S HJEP #.8 . EF CSB EF DBSCPOP


&TUVDIF S HJEP CSJMMBOUF EF BVUOUJDB CSB EF DBSCPOP DPO
MPHPUJQP #.8 . FO DPMPS .BUFSJBM DBSCPOP QPMJBDS MJDP
/FHSP
"QQMF J1IPOF
"QQMF J1IPOF 1MVT
4BNTVOH (BMBYZ 4

FVSPT

FVSPT

"HFOEB #.8 . 1FSGPSNBODF


"HFOEB DPO BTQFDUP EF DVFSP DPO CPMTJMMP JOTFSUBEP FO SPKP
FO MB FODVBEFSOBDJ O Z USFT NBSDBEPSFT FO DPMPS EF GSBOKBT
#.8 . %FDMBSBDJ O #.8 . . 5)& .045 108&3'6-&55&3 */ 5)& 803-% FO SPKP FO FM DPSUF MBUFSBM FO OFHSP
.BUFSJBM DVFSP TJOUOUJDP QBQFM '4$n )PKBT
%JNFOTJPOFT
Y
NN
/FHSP

FVSPT

#.8 -*'&45:-& ] $0-&$$* / #.8 .

105&/$*"
$0/$&/53"%"

"VSJDVMBSFT #.8 . -JGFTUZMF


"VSJDVMBSFT #MVFUPPUI
-JGFTUZMF QBSB FTDVDIBS NTJDB Z
MMBNBS QPS UFMGPOP *OUFSJPS EF BVSJDVMBSFT DPO EJTFP EF
GSBOKBT #.8 . FO DPMPS %JBEFNB DPO EFDMBSBDJ O #.8 .
. 5)& .045 108&3'6- -&55&3 */ 5)& 803-%
.BOEPT JOUFHSBEPT FO FM DBCMF Z MPT BVSJDVMBSFT 5JFNQP EF
GVODJPOBNJFOUP BQSPY
IPSBT .BUFSJBM NFUBM QMTUJDP
OZMPO DVFSP TJOUUJDP

#PMTB #.8 .
&MFHBOUF CPMTB RVF QVFEF VUJMJ[BSTF DPNP 4IPQQFS P DPNP
CPMTB EF NFOTBKFSP DPO FM GSPOUBM BCBUJEP $PO DPNQBSUJNFOUP
BDPMDIBEP QBSB QPSUUJM P UBCMFU EF IBTUB
QVMHBEBT BT DPNP
GSBOKBT #.8 . FO DPMPS 'PSSP JOUFSJPS DPO EJTFP EF SFKJMMB
EF UPNB EF BJSF EFM #.8 . .BUFSJBM OZMPO QPMJTUFS
%JNFOTJPOFT
Y
Y
DN

/FHSP

/FHSP

FVSPT

5SPMMFZ #.8 .
5SPMMFZ DPO BTQFDUP EF CSB EF DBSCPOP DPO UJSBEPS UFMFTD QJDP
DSFNBMMFSBT IJESPGVHBEBT DJFSSF 54" DPO DPNCJOBDJ O EF
ONFSPT TFDSFUB JOUFHSBEB Z DVBUSP SVFEBT EPCMFT DPO EJTFP
EF MMBOUBT EFM #.8 . $PO EPT CPMTBT QBSB [BQBUPT Z VO
DJFSSF NBHOUJDP '*%-0$, FO MBT DPSSFBT FMTUJDBT
.BUFSJBM QPMJDBSCPOBUP QPMJTUFS %JNFOTJPOFT
Y
Y
DN
1FTP
LH 7PMVNFO
M
/FHSP

FVSPT

.BMFUB EF DBCJOB #.8 .


5SPMMFZ EF UBQB EVSB DPO BTQFDUP EF CSB EF DBSCPOP 5JSBEPS
UFMFTD QJDP DSFNBMMFSB IJESPGVHBEB DJFSSF 54" DPO DPNCJOBDJ O
EF ONFSPT TFDSFUB Z DVBUSP SVFEBT EPCMFT DPO EJTFP EF MMBOUBT
EFM #.8 . $JFSSF NBHOUJDP '*%-0$, FO MBT DPSSFBT
FMTUJDBT #PMTB QBSB [BQBUPT BEJDJPOBM 5BNBP BEFDVBEP
QBSB DBCJOB .BUFSJBM QPMJDBSCPOBUP QPMJTUFS %JNFOTJPOFT
Y
Y
DN 1FTP
LH 7PMVNFO
M

FVSPT

/FHSP

(BGBT EF TPM #.8 . VOJTFY


(BGBT EF TPM NFUMJDBT DPO FYJCMF BSUJDVMBDJ O EF SFTPSUF
DSJTUBMFT MJHFSBNFOUF FTQFKBEPT EFDPSBDJ O EF CSB EF
DBSCPOP Z QSPUFDDJ O 67 JOUFHSBM -PHPUJQP . HSBCBEP FO MB
QBUJMMB .POUVSB BDFSP JOPYJEBCMF BDFUBUP .BUFSJBM EF DSJTUBM
QPMJDBSCPOBUP

/FDFTFS #.8 .
"NQMJP OFDFTFS DPO FTUSVDUVSB EF NFUBM Z BTB EF USBOTQPSUF
(SBO DPNQBSUJNFOUP QSJODJQBM EPT CPMTJMMPT MBUFSBMFT 'SBOKBT
#.8 . FO DPMPS DPNP EFUBMMF DBQB JOUFSJPS SFTJTUFOUF BM BHVB
.BUFSJBM OZMPO QPMJTUFS %JNFOTJPOFT
Y
Y
DN
/FHSP

/FHSP

FVSPT

FVSPT

$BSUFSB #.8 .
$BSUFSB EF DVFSP TJO DPNQBSUJNFOUP QBSB NPOFEBT 0ODF
DPNQBSUJNFOUPT QBSB UBSKFUBT EF DSEJUP EPT QBSB CJMMFUFT
%JTFP EF GSBOKBT #.8 . MPHPUJQP . HSBCBEP FO FM JOUFSJPS
$PNQBSUJNFOUPT JOEFQFOEJFOUFT DPO GPSSP FO SPKP .BUFSJBM
FYUFSJPS DVFSP 'PSSP WJTDPTB %JNFOTJPOFT
Y
Y
DN
/FHSP

FVSPT

FVSPT

#PMTB EF EFQPSUF #.8 .


"NQMJP DPNQBSUJNFOUP QSJODJQBM HSBO CPMTJMMP FYUFSJPS DPO
UJSBEPSFT EF DSFNBMMFSBT DPO BTQFDUP EF SBEJPT EF WPMBOUF
#.8 . 'PSSP JOUFSJPS DPO BTQFDUP EF SFKJMMB EF UPNB EF BJSF
EFM #.8 . "TB EF USBOTQPSUF DPO BTQFDUP EF DJOUVS O EF
TFHVSJEBE .BUFSJBM OZMPO QPMJTUFS %JNFOTJPOFT
Y
Y
DN
/FHSP

FVSPT

#.8 -*'&45:-& ] $0-&$$* / #.8 .

1BSBHVBT QMFHBCMF #.8 .


1BSBHVBT DPO MMBNBUJWP MPHPUJQP . FO DPMPS TPCSF NBUFSJBM
FYUFSJPS SFWFTUJEP DPO UF O "QFSUVSB Z DJFSSF BVUPNUJDPT
BTB DPO BVUOUJDB CSB EF DBSCPOP Z MPHPUJQP . JOTFSUBEP
%JTDSFUBT GSBOKBT #.8 . FO MB GVOEB 5FMB EF GVOEB
QPMJTUFS QPOHFF SFWFTUJNJFOUP EF UF O %JNFUSP
DN
1BSBHVBT #.8 .
(SBO QBSBHVBT EF CBTU O .FDBOJTNP EF BQFSUVSB BVUPNUJDB
BTB DPO BVUOUJDB CSB EF DBSCPOP TVQFS DJF 4PGUUPVDI Z
FMFHBOUF MPHPUJQP . CSJMMBOUF JOTFSUBEP &YUFSJPS FO OFHSP JOUFSJPS
FO BOUSBDJUB CSJMMBOUF 3FWFTUJNJFOUP EF UF O 5FMB EF GVOEB
QPMJTUFS QPOHFF SFWFTUJNJFOUP EF UF O %JNFUSP
DN
/FHSP

4VEBEFSB #.8 . DBCBMMFSP


4VEBEFSB DPO BTQFDUP EF OFPQSFOP EF NBUFSJBM SFTJTUFOUF BM
WJFOUP DPO DPSUF SF OBEP ;POB EF FTQBMEB CSB[PT Z IPNCSPT
DPO BQMJDBDJPOFT EF EJTFP EFQPSUJWP #PMTJMMPT GSPOUBMFT
QSPGVOEPT DPO DSFNBMMFSB .BUFSJBM QPMJTUFS
/FHSP

94 9-

FVSPT

$IBRVFUB #.8 . TFPSB


$IBRVFUB QBSB UPEP UJQP EF DMJNB FMFHBOUF Z EFQPSUJWB DPO
EJTFP EF DBQBT &YDMVTJWPT EFUBMMFT EF DPSUF EJWJTJ O FO EPT
TFDDJPOFT EF BTQFDUP SF OBEP DPNCJOBDJ O DPO UFMB EF
DPOUSBTUF MJHFSBNFOUF CSJMMBOUF DPO QFTQVOUF 'PSSP JOUFSJPS
DPO EJTFP EF SFKJMMB EF UPNB EF BJSF EFM #.8 . 1VPT EF
NBOHBT DVCJFSUPT .BUFSJBM QPMJTUFS
/FHSP

$BM[BEP #.8 . &WP 4QFFE VOJTFY


;BQBUJMMBT 16." JOUFSQSFUBDJ O EF #.8 . $PO BTQFDUP EF
FTUSVDUVSB DBSBDUFS TUJDP Z GPSSP JOUFSJPS EF DPOUSBTUF FO SPKP
-FOH FUB EF DVFSP DPO QJO DPO MPHPUJQP #.8 .BUFSJBM
FYUFSJPS DVFSP TJOUUJDP 4VFMB HPNB
5BMMBT WFS UBCMB EF MB QHJOB
/FHSP

FVSPT

4 99-

FVSPT

FVSPT

$BNJTFUB 'BO #.8 . DBCBMMFSP


$BNJTFUB DPO DVFMMP SFEPOEP Z HSBO MPHPUJQP #.8 . FO
DPMPS EFMBOUF .BUFSJBM BMHPE O
#MBODP

4 99-

FVSPT

&TUVDIF QBSB UBSKFUBT EF WJTJUBT #.8 .


&TUVDIF DPO EJTFP #.8 . $MJQ QBSB CJMMFUFT DPO MPHPUJQP
. HSBCBEP B MTFS USFT DPNQBSUJNFOUPT QBSB UBSKFUBT EF
DSEJUP 'SBOKBT #.8 . FO DPMPS JOTFSUBEBT EF DVFSP QJO
DPO MPHPUJQP FO FM GSPOUBM .BUFSJBM FYUFSJPS DVFSP .BUFSJBM EF
GPSSP WJTDPTB %JNFOTJPOFT
Y
Y
DN
/FHSP

FVSPT

5FSNP #.8 .
5FSNP DPO EFDMBSBDJ O #.8 . . 5)& .045 108&3'6-&55&3 */ 5)& 803-% TVQFS DJF 4PGUPVDI Z MPHPUJQP .
DPNP JNQSFTJ O FOHPNBEB CSJMMBOUF .BUFSJBM NFUBM QMTUJDP
7PMVNFO
NM

(PSSB #.8 . VOJTFY


(PSSB DPO MPHPUJQP #.8 . FO DPMPS Z GSPOUBM SFGPS[BEP
$JFSSF NFUMJDP DPO MPHPUJQP #.8 . HSBCBEP "OBHSBNB
. 5)& .045 108&3'6- -&55&3 */ 5)& 803-%
FO OFHSP FO FM CPSEF SPKP EF MB WJTFSB 1BSUF JOGFSJPS EF WJTFSB
Z DJOUB BKVTUBCMF DPO EJTFP EF SFKJMMB EF UPNB EF BJSF EFM
#.8 . .BUFSJBM QPMJTUFS

/FHSP NBUF

/FHSP

/FHSP NBUF

FVSPT

FVSPT

/FHSP

FVSPT

5B[B #.8 .
5B[B FO OFHSP NBUF 4VQFS DJF 4PGUUPVDI BTB DPO GSBOKBT
#.8 . FO DPMPS Z MPHPUJQP B KVFHP FO NBSDBEP SFMJFWF
.BUFSJBM QPSDFMBOB 7PMVNFO
NM
FVSPT

#.8 -*'&45:-& ] $0-&$$* / #.8 .

$"%" 4&(6/%0
$6&/5"
"MGPNCSJMMB EF SBU O #.8 .
"MGPNCSJMMB EF SBU O DPO NPUJWP #.8 . $BCSJP #BTF
BOUJEFTMJ[BOUF TVQFS DJF TVQFSJPS DPO EFTMJ[BNJFOUP QUJNP
.BUFSJBM QMTUJDP %JNFOTJPOFT
Y
NN
7BSJPT DPMPSFT

$BNJTFUB #.8 . TFPSB


$BNJTFUB DPO DVFMMP SFEPOEP Z MPHPUJQP #.8 . FO JNQSFTJ O
CSJMMBOUF EFMBOUF 5FMB EF M OFBT VJEBT DPSUF JOGPSNBM DB EB
TVBWF .BUFSJBM
BMHPE O
NPEBM

#PM HSBGP #.8 .


&YDMVTJWP CPM HSBGP EF NFUBM DPO EJTFP EF QBOBM HSBCBEP
.FDBOJTNP EF HJSP Z TVQFS DJF 4PGUPVDI FO [POB EF BHBSSF
%FDMBSBDJ O #.8 . . 5)& .045 108&3'6- -&55&3
*/ 5)& 803-% DPNP BOBHSBNB FO FM BOJMMP DFOUSBM
.BUFSJBM NFUBM

/FHSP

/FHSP

94 9-

FVSPT

#.8 . 1PXFSCBOL
$BSHBEPS EF CBUFS B 64# FYUFSOP $BQBDJEBE EF DBSHB Z
DPOFYJPOFT QBSB EPT EJTQPTJUJWPT 4VQFS DJF DPO EJTFP EF
MB SFKJMMB EF UPNB EF BJSF EFM #.8 . Z MPHPUJQP #.8 .
HSBCBEP B MTFS FO FM MBUFSBM .BUFSJBM NFUBM
/FHSP

FVSPT

$BSUFSB #.8 . DPO DPNQBSUJNFOUP QBSB NPOFEBT


$BSUFSB EF DVFSP DPO DPNQBSUJNFOUP QBSB NPOFEBT PODF
DPNQBSUJNFOUPT QBSB UBSKFUBT EF DSEJUP Z EPT QBSB CJMMFUFT
%JTFP EF GSBOKBT #.8 . MPHPUJQP . HSBCBEP FO FM JOUFSJPS
$PNQBSUJNFOUPT JOEFQFOEJFOUFT DPO GPSSP FO SPKP .BUFSJBM
FYUFSJPS DVFSP 'PSSP WJTDPTB %JNFOTJPOFT
Y
Y
DN
/FHSP

$SPO HSBGP #.8 .


$SPO HSBGP NBTDVMJOP EF BDFSP JOPYJEBCMF SFWFTUJEP EF 17%
#JTFM HJSBUPSJP DPO UJQPHSBG B . NFDBOJTNP EF DVBS[P 3POEB
TVJ[P DPO JOEJDBEPS EF GFDIB 4F JODMVZF DBKB EF SFHBMP DPO
EFTUPOJMMBEPS QBSB BKVTUBS MPT FTMBCPOFT EFM CSB[BMFUF .BUFSJBM
EF DBKB BDFSP JOPYJEBCMF SFWFTUJEP EF 17% DSJTUBM NJOFSBM
.BUFSJBM EF CSB[BMFUF BDFSP JOPYJEBCMF SFWFTUJEP EF 17%

FVSPT
/FHSP

NN

FVSPT

.FNPSJB 64# #.8 .


.FNPSJB 64# DPO QBTBEPS DPO EJTFP FO SFMJFWF EF MB SFKJMMB
EF UPNB EF BJSF EFM #.8 . 'SBOKBT #.8 . FO DPMPS EFCBKP
EFM QBTBEPS WJTJCMFT TPMP DVBOEP TF VTB FTUF .BUFSJBM NFUBM

1JO #.8 .
1JO DPO MPHPUJQP #.8 . FO DPMPS TJO O RVFM .BUFSJBM NFUBM
"ODIVSB
NN

/FHSP

7BSJPT DPMPSFT

(#

FVSPT

FVSPT

FVSPT

FVSPT

"HFOEB #.8 . EF CPMTJMMP


"HFOEB EF CPMTJMMP DPO EJTFP HSBCBEP EF MB SFKJMMB EF UPNB
EF BJSF EFM #.8 . -BUFSBM DPO DPMPSFT #.8 . Z MPHPUJQP
. EFMBOUF *MVTUSBDJ O EF DVFOUBSSFWPMVDJPOFT PSJHJOBM
#.8 . FO MBT QSJNFSBT IPKBT .BUFSJBM DVFSP TJOUUJDP
QBQFM '4$n 1HJOBT
%JNFOTJPOFT
Y
NN
/FHSP

FVSPT

-*450 1"3" -04


/6&704 5*&.104
6/" %&$-"3"$* /
%& %*4& 0 *//07"%03
-PT UJFNQPT DBNCJBO QFSP MBT FYJHFODJBT
OP -B $PMFDDJ O #.8 J NBSDB MB QBVUB
DPO MB DPNCJOBDJ O EF EJTFP NPEFSOP F
JEPOFJEBE QBSB MB WJEB EJBSJB $PO NBUFSJBMFT
JOOPWBEPSFT Z VO OVFWP MFOHVBKF EF GPSNBT
EFKB DMBSB VOB FYJHFODJB JS QPS EFMBOUF

$0-&$$* / #.8 J

#.8 -*'&45:-& ] $0-&$$* / #.8 J

&- &45*-0
%&- '65630

$POKVOUP #.8 J TFPSB


$POKVOUP DPO FTUJMP FMFHBOUF Z EFQPSUJWP EF UFMB TVBWF Z
MJHFSBNFOUF CSJMMBOUF DPO DPSUF EFTFOGBEBEP 6OB DSFNBMMFSB
DVCJFSUB FO MBT DBEFSBT QFSNJUF TFQBSBS FM QBOUBM O Z MB
DIBRVFUB .BUFSJBM
DVQSP
MZPDFMM
(SJT DBSCPOP 4 -

$SEJHBO #.8 J TFPSB


$BSEJHO EF TFPSB DPO EJTFP FYDMVTJWP $PSUF PSJHJOBM Z
BTJNUSJDP FO FM DVFMMP Z FM GSPOUBM 3F OBEPT SJCFUFT B[VMFT
FO FM JOUFSJPS .BUFSJBM
SBZPO
OZMPO
FMBTUO
(SJT DBSCPOP 94 9-

FVSPT

5PQ #.8 J TFPSB


&MFHBOUF UPQ EF TFPSB EF NBUFSJBM TVBWF Z M OFBT VJEBT
$SFNBMMFSBT SFHVMBCMFT Z BTJNUSJDBT FO MPT MBUFSBMFT $PSUF
EFTFOGBEBEP NT MBSHP QPS EFUST RVF QPS EFMBOUF .BUFSJBM
DVQSP
MZPDFMM
#MBODP

94 9-

FVSPT

FVSPT

#.8 -*'&45:-& ] $0-&$$* / #.8 J

#PMTB #.8 J EF DVFSP


#PMTB QBSB QPSUUJM EF FYDMVTJWP DVFSP /BQQB 1SPEVDJEP EF
GPSNB TPTUFOJCMF DPOGPSNF B MBT MUJNBT OPSNBT FO "MFNBOJB
#PSEFT EF BTBT FO B[VM FMDUSJDP 5JSBEPS EF DSFNBMMFSB EF
DVFSP $PSSFB EF IPNCSP BKVTUBCMF Z FYUSB CMF $PO
PSHBOJ[BEPS JOUFHSBEP QBSB QFRVFPT PCKFUPT 'BCSJDBEB FO
*UBMJB .BUFSJBM FYUFSJPS DVFSP .BUFSJBM EF GPSSP QPMJTUFS
%JNFOTJPOFT
Y
Y DN
(SJT DBSCPOP

FVSPT

$IBRVFUB #.8 J TFPSB


&MFHBOUF DIBRVFUB DPSUB $PSUF FOUBMMBEP Z FYUSBWBHBOUF DPO
FTUSVDUVSB EF TVQFS DJF PSJHJOBM $PNCJOBDJ O EF NBUFSJBMFT
TPTUFOJCMFT .BUFSJBM BMHPE O PSHOJDP QPMJTUFS SFDJDMBEP
.BUFSJBM EF GPSSP WJTDPTB QPMJTUFS
(SJT DBSCPOP 94 9#PMTB EF O EF TFNBOB #.8 J EF DVFSP
&YDMVTJWB CPMTB EF DVFSP /BQQB QSPEVDJEB EF GPSNB TPTUFOJCMF
DPOGPSNF B MBT MUJNBT OPSNBT FO "MFNBOJB $PO BTQFDUP
FMFHBOUF Z PSJHJOBM #PSEFT FMBCPSBEPT B NBOP FO B[VM FMDUSJDP
$PO UJSBEPS EF DSFNBMMFSB EF DVFSP 'PSSP JOUFSJPS FO B[VM FMDUSJDP
DPO CPMTJMMPT PSHBOJ[BEPSFT JOUFHSBEPT QBSB MQJDFT N WJMFT
Z QFRVFPT PCKFUPT 'BCSJDBEB FO *UBMJB .BUFSJBM FYUFSJPS DVFSP
.BUFSJBM EF GPSSP QPMJTUFS %JNFOTJPOFT
Y
Y
DN
(SJT DBSCPOP

FVSPT

FVSPT

$IBRVFUB #.8 J DBCBMMFSP


&MFHBOUF DIBRVFUB DPO EJTFP QSPHSFTJWP Z DPSUF FYDFQDJPOBM
&TUSVDUVSB EF TVQFS DJFT BMUFSOBT EF NBUFSJBMFT TPTUFOJCMFT
DPNCJOBEPT .BUFSJBM BMHPE O PSHOJDP QPMJTUFS SFDJDMBEP
.BUFSJBM EF GPSSP WJTDPTB QPMJTUFS

(SJT DBSCPOP 4 99-

FVSPT

#PMTB #.8 J
'PSNB EF CPMTB JOOPWBEPSB &T QPTJCMF MMFWBSMB DPNP 4IPQQFS
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(SJT DBSCPOP

FVSPT

#PMTB QBSB QPSUUJM #.8 J NVMUJGVODJPOBM


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FVSPT

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FVSPT
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$PMHBEPS #.8 J
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'VOEB QBSB UBCMFU #.8 J


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FVSPT

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-MBWFSP #.8 J
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5FSNP #.8 J
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FVSPT

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94 9-

FVSPT

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1-"/ J

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4 99-

FVSPT

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#MBODP

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Y
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$BNJTFUB #.8 J DPO JNQSFTJ O J


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J BCTUSBDUB Z B CBTF EF BHVB DPTUVSBT EF DPOUSBTUF FO B[VM
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FVSPT

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)[
L)[
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Y
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1MBUFBEP /FHSP

#PUFMMB #.8 J
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FVSPT

$BNJTFUB #.8 J JOUFSBDUJWB OJP


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NM
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5SBOTQBSFOUF

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/N
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4
.
-

#JDJDMFUB #.8 $SVJTF


#JDJDMFUB #.8 $SVJTF DPO DVBESP EF BMVNJOJP DPO EJTFP
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FO FM DPMPS EFM CBTUJEPS 'SFOPT EF EJTDP Z DBNCJP EF
NBSDIBT EF 4IJNBOP $PO OFVNUJDPT $POUJOFOUBM
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#MBODP NJOFSBM DPO TJMM O OFHSP


4
.
-

FVSPT

.BUFSJBM EF DVBESP BMVNJOJP IJESPDPOGPSNBEP


EFTBSSPMMBEP QPS #.8
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QVMHBEBT SFDPSSJEP EF TVTQFOTJ O
NN
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QVMHBEBT
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EJNFUSP EF EJTDP
NN EFMBOUF Z
NN EFUST
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NBSDIBT
1FTP
LH
3FMBDJ O FOUSF UBNBP EF DVBESP Z EF DVFSQP
4
DN .
DN - EFTEF
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"RVB 1FBSM #MVF DPO TJMM O FO DPMPS DPBD


4
.
-

FVSPT

FVSPT

.BUFSJBM EF DVBESP BMVNJOJP IJESPDPOGPSNBEP


EFTBSSPMMBEP QPS #.8
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QVMHBEBT FO FM DPMPS EFM DVBESP
4JMM O 4 4FMMF 3PZBM
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4ZTUFN
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QVMHBEBT
'SFOPT EJTDPT EF GSFOPT 4IJNBOP IJESVMJDPT
EJNFUSP EFM EJTDP
NN EFMBOUF
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NBSDIBT
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8
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BTJTUFODJB EF IBTUB FM
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CJDJDMFUB P BQBSUF UJFNQP EF DBSHB EF BQSPY
IPSBT
ZB USBT BQSPY
IPSBT $POUFOJEP FOFSHUJDP
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BVUPOPN B IBTUB
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1FTP
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3FMBDJ O FOUSF UBNBP EF DVBESP Z EF DVFSQP
4
DN .
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DN

#.8 -*'&45:-& ] #.8 #*,&4

6/" 40-" -*.*5"$* /


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163" "%3&/"-*/"

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BNPSUJHVBEB %JTDPT EF GSFOP DBNCJP EF
NBSDIBT EF
4IJNBOP 4PQPSUF EF TJMM O EF CSB EF DBSCPOP /FVNUJDPT
$POUJOFOUBM $SVJTF$0/5"$5 EF
QVMHBEBT -MBOUBT Z
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4
.
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FVSPT

.BUFSJBM EF DVBESP BMVNJOJP IJESPDPOGPSNBEP


EFTBSSPMMBEP QPS #.8
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4JMM O 4 4FMMF 3PZBM
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QVMHBEBT DPO
4BGFUZ 4ZTUFN
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EJNFUSP EF EJTDP
NN EFMBOUF Z
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1FTP
LH
3FMBDJ O FOUSF UBNBP EF DVBESP Z EF DVFSQP
4
DN .
DN - BC
DN

#JDJDMFUB #.8 $SVJTF . -JNJUFE &EJUJPO


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MB WFSTJ O
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$BTDP EF "#64 $JFSSF NBHOUJDP EF GDJM NBOFKP CBKP MB
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EF MB DBCF[B -V[ USBTFSB B[VM DPONVUBCMF EF GPSNB USJBOHVMBS
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.
DN
DN

FVSPT

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DBSHB 64# 4JO IFSSBNJFOUB QBSB NPOUBKF )PNPMPHBDJ O
TFHO 4U7;0 %F #VTDI . MMFS
1MBUFBEP /FHSP

FVSPT

+VFHP EF HVBSEBCBSSPT #.8


,JU EF FRVJQBNJFOUP QPTUFSJPS DPO EPT HVBSEBCBSSPT 'DJM
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/FHSP

FVSPT

.PDIJMB QBSB CJDJDMFUB #.8


.PDIJMB QBSB CJDJDMFUB DPO DPSSFBT EF DPNQSFOTJ O &91 Z
WFOUJMBDJ O QPS USFT MBEPT %PT CPMTJMMPT FO DPSSFB EF DBEFSB
Z EPT CPMTJMMPT MBUFSBMFT $PNQBSUJNFOUP FO CBTF Z
DPNQBSUJNFOUP QBSB SPQB NPKBEB FO FM JOUFSJPS 3F FDUPSFT
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B
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(SJT /FHSP
#JDJDMFUB #.8 +VOJPS $SVJTF
#JDJDMFUB #.8 +VOJPS $SVJTF DPO DVBESP EF BMVNJOJP FO
PSJHJOBM EJTFP #.8 %FUBMMFT EF TJMM O Z NBOJMMBS FO SPKP
OHVMP FTQFDJBM EFM TPQPSUF EFM TJMM O QBSB BEBQUBSMP BM OJP
DPOGPSNF DSFDF )PSRVJMMB BNPSUJHVBEB GSFOPT EF EJTDP
DBNCJP 4IJNBOP EF NBSDIBT

/FHSP 3PKP DPO TJMM O OFHSP

.BUFSJBM EF DVBESP BMVNJOJP TVTQFOTJ O EFMBOUFSB


'SFOPT EJTDPT EF GSFOPT
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1BMBODB EF GSFOP BKVTUBCMF BM OJP
3F FDUPSFT EFMBOUF EFUST Z QFEBMFT
5BNBP EF MMBOUB
QVMHBEBT

FVSPT

$BOEBEP QMFHBCMF #.8


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DN &YDMVTJWP DJMJOESP EF DJFSSF EPT MMBWFT /JWFM EF
TFHVSJEBE
4VKFDJ O NFEJBOUF DJFSSF EF SPTDB P EF WFMDSP
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LH

#MBODP 3PKP DPO TJMM O OFHSP


FVSPT

FVSPT

/FHSP

FVSPT

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MB EJWFSTJ O :B TF USBUF EF VO #.8 EF
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