Compresor Atlas Coopco PDF

Manual de instrucciones
GA55, GA75, GA90C
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, denominación de

modelos, número de las piezas y diseños.
Fecha de impresión ......... 28/02/2005
Atlas Copco
www.atlascopco.com
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WPCOCPIWGTCQVWDGTÃCCUGIÐTGUGFGSWGUGUWLGVCHKTOGOGPVGGNGZVTGOQCDKGTVQ7PGZVTGOQ
NKDTGIQNRGCT±EQOQWPN±VKIQ[RQFT±ECWUCTNGUKQPGU#UGIÐTGUGFGSWGNCUOCPIWGTCUGUV±P
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CFGEWCFCOGPVG
5KUGWUCGNCKTGFGTGHTKIGTCEKÉPECNKGPVGFGEQORTGUQTGUGPWPUKUVGOCFGECNGHCEEKÉPRQTCKTG
RGLRCTCECNGPVCTWPVCNNGTJC[SWGVQOCTRTGECWEKQPGUEQPVTCNCRQNWEKÉP[EQPVCOKPCEKÉP
GXGPVWCNFGNCKTGTGURKTCDNG
0QSWKVGPKPIWPCRCTVGFGNOCVGTKCNKPUQPQTK\CPVGPKNQECODKGFGUKVKQ
0WPECCPWNGPKOCPKRWNGNQUFKURQUKVKXQUFGUGIWTKFCFPKNCURTQVGEEKQPGUQNQUCKUNCOKGPVQU
OQPVCFQUGPNCO±SWKPC%CFCFGRÉUKVQCRTGUKÉPQFKURQUKVKXQCWZKNKCTKPUVCNCFQHWGTCFGNC
O±SWKPCSWGXC[CCEQPVGPGTCKTGCRTGUKÉPUWRGTKQTCNCCVOQUH¾TKECUGRTQVGIGT±EQPWP
FKURQUKVKXQQFKURQUKVKXQURCTCGXCEWCTFKEJCRTGUKÉPUKGUVQHWGTCPGEGUCTKQ
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TGURKTCDNGGNCKTGEQORTKOKFQFGDGUGTRWTKHKECFQEQTTGEVCOGPVGRCTCGUVGWUQEQPHQTOGCNCU
PQTOCU[NG[GUNQECNGU
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FGNCCVGPEKÉPTWVKPCTKCRCTGGNEQORTGUQTRWNUGGNDQVÉPFGRCTCFCFGGOGTIGPEKCFGUEQPGEVGGN
GPGTIÃCGN¾EVTKEC
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2TGECWEKQPGUFGUGIWTKFCFFWTCPVGOCPVGPKOKGPVQQTGRCTCEKQPGU
2ÉPICUGUKGORTGWPCUICHCUFGUGIWTKFCF
7UGUQNCOGPVGNCUJGTTCOKGPVCUCFGEWCFCUCNVTCDCLQFGOCPVGPKOKGPVQ[TGRCTCEKÉP
5ÉNQRQFT±PWVKNK\CTUGTGRWGUVQUQTKIKPCNGU
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#FGO±UGNGSWKRQFGCTTCPSWGFGDGNNGXCTWPECTVGNSWGFKICRGLUGGUV±VTCDCLCPFQPQRQPGTGP
OCTEJC
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RCTCCUGIWTCTUGFGSWGPCFKGGUV¾XGTKHKECPFQNCO±SWKPCQVTCDCLCPFQGPGNNC#GUVGHKPUG
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0WPECUWGNFGPKNNGXGCECDQPKPIWPCQRGTCEKÉPSWGKORNKSWGGNWUQFGECNQTEGTECFGNUKUVGOCFG
CEGKVG.QUVCPSWGUFGCEGKVGFGDGPRWTICTUGEQORNGVCOGPVGEQPXCRQTRQTGLGORNQCPVGUFG
GHGEVWCTVCNGUQRGTCEKQPGU0QUWGNFGPKOQFKHKSWGPWPECTGEKRKGPVGUCRTGUKÉP
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NQUFKURQUKVKXQUFGEQPVTQN[RCTCFCGUV±PKPUVCNCFQU[HWPEKQPCPEQTTGEVCOGPVG5KUGJCSWKVCFQGN
IWCTFCCEQRNCOKGPVQFGNGLGFGCEEKQPCOKGPVQFGNEQORTGUQTEQORTWGDGSWGGUV±TGKPUVCNCFQ
'ZCOKPGGNVWDQFGKORWNUKÉP[GNKPVGTKQTFGNFGRÉUKVQUGRCTCFQTFGCEGKVGECFCXG\SWGUGECODKG
GNGNGOGPVQUGRCTCFQTRCTCXGTUKGZKUVGPFGRÉUKVQUFGECTDÉP5KUQPGZEGUKXQUFGDGPTGVKTCTUG
2TQVGLCGNOQVQTGNHKNVTQFGCKTGNQUEQORQPGPVGUGN¾EVTKEQU[TGIWNCFQTGUGVEFGNCGPVTCFCFG
JWOGFCFRGLFWTCPVGNCNKORKG\CEQPXCRQT
#UGIÐTGUGFGSWGVQFQGNOCVGTKCNKPUQPQTK\CPVGRGLGPNCECTTQEGTÃC[NQUUKUVGOCUFGGPVTCFC[
UCNKFCFGCKTGFGNEQORTGUQTUGJCNNCGPDWGPGUVCFQ5KGUVWXKGTCPFCÇCFQUTGGORN±EGNQUEQP
OCVGTKCNQTKIKPCNFG#VNCU%QREQRCTCGXKVCTSWGCWOGPVGGNPKXGNFGRTGUKÉPFGUQPKFQ
0WPECWVKNKEGFKUQNXGPVGUE±WUVKEQUSWGRWGFCPQECUKQPCTFCÇQCNOCVGTKCNFGNCTGFFGCKTGRGLNCU
VC\CUFGRQNKECTDQPCVQ
5GJCEGJKPECRK¾GPNCUUKIWKGPVGURTGECWEKQPGUFGUGIWTKFCFCNOCPGLCTGNTGHTKIGTCPVG
Ő 0WPECCURKTGNQUXCRQTGUFGNTGHTKIGTCPVG%QORTWGDGSWGGN±TGCFGVTCDCLQGUV±XGPVKNCFC
CFGEWCFCOGPVGWVKNKEGWPCO±UECTCRTQVGEVQTCUKHWGTCPGEGUCTKQ
Ő 7UGUKGORTGIWCPVGUGURGEKCNGU'PECUQFGEQPVCEVQFGNTGHTKIGTCPVGEQPNCRKGNGPLWCIWGEQP
CDWPFCPVGCIWC'PECUQFGEQPVCEVQFGNTGHTKIGTCPVGNÃSWKFQEQPNCRKGNCVTCX¾UFGNCTQRCPQ
CTTCPSWGPKUGSWKVGNCRTGPFCOQLGNCTQRCCDWPFCPVGOGPVGEQPCIWCJCUVCSWGJC[C
FGUCRCTGEKFQVQFQGNTGHTKIGTCPVGCRNKSWGFGURW¾UNQURTKOGTQUCWZKNKQU
2ÉPICUGUKGORTGIWCPVGURTQVGEVQTGURCTCGNKOKPCTGNTKGUIQFGNGUKQPGUECWUCFCURQTRKG\CUFG
O±SWKPCUUQDTGECNGPVCFCURGLCNUCECTCEGKVG
FWTCPVGKPUVCNCEKÉP[2TGECWEKQPGUFGUGIWTKFCFFWTCPVGHWPEKQPCOKGPVQ
CSWÃ

&GUETKREKÉPIGPGTCN
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+PVTQFWEEKÉP
.QU)#C)#%[)#C)#%UQPEQORTGUQTGUFGVQTPKNNQEQPKP[GEEKÉPFGCEGKVGFGWPCGVCRC
[CEEKQPCFQURQTOQVQTGN¾EVTKEQ.QUEQORTGUQTGUGUV±PTGHTKIGTCFQURQTCKTG
.QU)#C)#%[)#C)#%TGHTKIGTCFQURQTCIWCUQPEQORTGUQTGUFGVQTPKNNQEQPKP[GEEKÉP
FGCEGKVGFGWPCGVCRC[CEEKQPCFQURQTOQVQTGN¾EVTKEQ
)#9QTMRNCEG
.QU)#9QTMRNCEGGUV±PCNQLCFQUFGPVTQFGWPCECTTQEGTÃCKPUQPQTK\CPVG.QUEQORTGUQTGUGUV±P
EQPVTQNCFQURQTGNTGIWNCFQT'NGMVTQPKMQPs++FG#VNCU%QREQ'NOÉFWNQFGEQPVTQNGNGEVTÉPKEQGUV±
KPUVCNCFQGPNCRWGTVCRQTGNNCFQFGNCPVGTQ'NCTOCTKQGN¾EVTKEQFQPFGGUV±GNCTTCPECFQTFGNOQVQTUG
GPEWGPVTCFGVT±UFGGUVGRCPGN8CKPENWKFQVCODK¾PWPEQNGEVQTFGEQPFGPUCFQEQPUKUVGOCFGFTGPCLG
CWVQO±VKEQ
8KUVCHTQPVCN)#C)#%9QTMRNCEG

4GH &GUKIPCEKÉP
#8 8±NXWNCFGUCNKFCFGCKTG
&C 5CNKFCCWVQO±VKECFGEQPFGPUCFQ
&O 8±NXWNCFGFTGPCLGOCPWCNFGEQPFGPUCFQ
'4 4GIWNCFQT'NGMVTQPKMQP++
5 $QVÉPFGRCTCFCFGGOGTIGPEKC
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.QU)#9QTMRNCEG(WNN(GCVWTG
((GUV±PEQPVTQNCFQURQTGNTGIWNCFQT'NGMVTQPKMQPs++FG#VNCU%QREQ
#FGO±UUGRTQRQTEKQPCPEQPWPUGECFQTFGCKTG'NEQPFGPUCFQUGFTGPCCWVQO±VKECOGPVG
.QUEQORTGUQTGU)#C)#%9QTMRNCEG((GUV±PFQVCFQUFGWPUGECFQT+(&Q+%&
'PGN)#EQPUGECFQT+(&GNUGECFQTGUV±KPVGITCFQGPNCECTTQEGTÃCKPUQPQTK\CPVG'NUGECFQTGNKOKPCGN
EQPFGPUCFQFGNCKTGEQORTKOKFQGPHTK±PFQNQCEGTECFGNRWPVQFGEQPIGNCEKÉP
'PGN)#EQPUGECFQT+%&GNUGECFQTGUV±KPVGITCFQGPNCECTTQEGTÃCKPUQPQTK\CPVG'NEQORTGUQT[GN
OÉFWNQFGNUGECFQTUGRTQRQTEKQPCPRQTUGRCTCFQ[FGDGPKPUVCNCTUGGPGNNWICTFGVTCDCLQ'N
EQPFGPUCFQFGNCKTGEQORTKOKFQUGGNKOKPCITCEKCUCNRTQEGUQFGCFUQTEKÉPFGNUGECFQT
8KUVCVTCUGTC)#C)#%9QTMRNCEG(WNN(GCVWTG
UGECFQT+(&

4GH &GUKIPCEKÉP
%C 4GHTKIGTCFQTFGCKTG
%Q 4GHTKIGTCFQTFGCEGKVG
%8 8±NXWNCFGTGVGPEKÉP
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' 'NGOGPVQEQORTGUQT
(0 8GPVKNCFQTFGGPHTKCOKGPVQ
/ /QVQTFGCEEKQPCOKGPVQ
7# &GUECTICFQT
8U 8±NXWNCFGEKGTTGFGCEGKVG
8KUVCHTQPVCN)#C)#%(WNN(GCVWTG
UGECFQT+%&
4GH &GUKIPCEKÉP
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+%& 5GECFQT
15& 5GRCTCFQTFGCEGKVGEQPFGPUCFQ
QREKÉP

4GHTKIGTCFQTGUGPEQORTGUQTGUTGHTKIGTCFQURQTCIWC
4GHTKIGTCFQTFGCKTG[TGHTKIGTCFQTFGCEGKVGTGHTKIGTCFQURQTCIWC
(NWLQFGCKTG
&KCITCOCUFGHNWLQ
)#C)#%

)#C)#%(WNN(GCVWTG
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4GH &GUETKREKÉP
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$ #KTGEQORTKOKFQCEGKVG
% #KTGEQORTKOKFQ
& #EGKVG
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0QVCGNXGPVKNCFQTFGGPHTKCOKGPVQPQUGRTQRQTEKQPCGPEQORTGUQTGUTGHTKIGTCFQURQTCIWC
)#C)#%
'NCKTGCURKTCFQRQTGNHKNVTQ
#([NCX±NXWNCFGGPVTCFCCDKGTVC
+8GPGNGNGOGPVQEQORTGUQT
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EQORTKOG'NCKTGEQORTKOKFQ[GNCEGKVGRCUCPCNFGRÉUKVQFGCKTGUGRCTCFQTFGCEGKVG
#4CVTCX¾UFG
NCX±NXWNCFGTGVGPEKÉP
%8'NCKTGUGFGUECTICCVTCX¾UFGNCX±NXWNCFGUCNKFC
#8OGFKCPVGNCX±NXWNC
FGRTGUKÉPOÃPKOC
8R[GNTGHTKIGTCFQTFGCKTG
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2CTC)#[)#%2CEMQ9QTMRNCEGUGRTQRQTEKQPCWPEQNGEVQTFGJWOGFCF
/6EQPRQUVGTKQTKFCF
CNTGHTKIGTCFQTFGCKTG
'PNQUEQORTGUQTGU(WNN(GCVWTGEQPGNUGECFQT+(&GNCKTGRCUCCVTCX¾UFGNUGECFQTFGCKTG
&4CPVGU
FGFGUECTICTUGCVTCX¾UFGNCX±NXWNCFGUCNKFC
#88¾CUGVCODK¾PNCUGEEKÉP5GECFQTFGCKTG+(&
'PNQUEQORTGUQTGUEQPGNUGECFQT+%&GNCKTGRCUCCVTCX¾UFGNUGECFQTFGCKTG
&4CPVGUFG
FGUECTICTUGCVTCX¾UFGNCX±NXWNCFGUCNKFC
#88¾CUGVCODK¾PNCUGEEKÉP5GECFQTFGCKTG+%&
.CX±NXWNCFGTGVGPEKÉP
%8KORKFGGNTGVTQEGUQFGCKTGEQORTKOKFQCNRCTCTUGGNEQORTGUQT.CX±NXWNC
FGRTGUKÉPOÃPKOC
8RKORKFGSWGNCRTGUKÉPFGNFGRÉUKVQECKICFGDCLQFGNCRTGUKÉPOÃPKOC

5KUVGOCFGCEGKVG
&KCITCOCFGHNWLQ
5KUVGOCFGCEGKVGFG)#C)#%
4GHGTGPEKCU &GUETKREKÉP
2CTCWPKFCFGU2CEM9QTMRNCEGHNWLQFGCKTGEQORTKOKFQCNCX±NXWNCFGUCNKFCFGCKTG
2CTCWPKFCFGU(WNN(GCVWTGHNWLQFGCKTGEQORTKOKFQCNUGECFQTFGCKTG
# 'PVTCFCFGCKTG
% #KTGEQORTKOKFQ
& #EGKVG
' (NWLQFGCIWC
0QVCGNXGPVKNCFQTFGGPHTKCOKGPVQPQUGRTQRQTEKQPCGPEQORTGUQTGUTGHTKIGTCFQURQTCIWC
)#C)#%
'PGNFGRÉUKVQFGCKTGUGRCTCFQTFGCEGKVG
#4NCOC[QTRCTVGFGNCEGKVGUGUGRCTCFGNCOG\ENCFGCKTG
CEGKVGFGHQTOCEGPVTÃHWIC'NTGUVQNQTGVKTCGNUGRCTCFQTFGCEGKVG
15'NCEGKVGUGTGEQIGGPGNHQPFQ
FGNFGRÉUKVQFGCKTGUGRCTCFQTFGCEGKVG
#4SWGUKTXGFGVCPSWGFGCEGKVG
'NUKUVGOCFGCEGKVGXCRTQXKUVQFGWPCX±NXWNCFGFGTKXCEKÉP
$8%WCPFQNCVGORGTCVWTCFGNCEGKVGGUV±
RQTFGDCLQFGEKGTVQXCNQTNCX±NXWNCFGFGTKXCEKÉP
$8EKGTTCGNUWOKPKUVTQFGCEGKVGFGUFGGN
TGHTKIGTCFQT
%Q
%QPUWNVGNCUGEEKÉP&CVQUFGNEQORTGUQTRCTCEQPQEGTGNCLWUVGFGNCX±NXWNC
$8
.CRTGUKÉPFGNCKTGHWGT\CGNCEGKVGFGUFGGNFGRÉUKVQFGCKTGUGRCTCFQTFGCEGKVG
#4CVTCX¾UFGNQU
HKNVTQU
1([NCX±NXWNCFGEKGTTG
8UCNGNGOGPVQEQORTGUQT
'[UWURWPVQUFGNWDTKECEKÉP

.CX±NXWNCFGFGTKXCEKÉP
$8GORKG\CCCDTKTGNUWOKPKUVTQFGCEGKVGFGNTGHTKIGTCFQT
%QCNUWDKTNC
VGORGTCVWTCFGNCEGKVGCNRWPVQFGCLWUVG#WPQUu%
(RQTGPEKOCFGNRWPVQFGCLWUVGVQFQGN
CEGKVGRCUCRQTGNTGHTKIGTCFQT
.CX±NXWNCFGEKGTTGFGCEGKVG
8UKORKFGSWGUGKPWPFGFGCEGKVGGNGNGOGPVQEQORTGUQTCNRCTCTGN
EQORTGUQT.CX±NXWNCNCCDTGNCRTGUKÉPFGUCNKFCFGNGNGOGPVQCNCTTCPECTUGGNEQORTGUQT
5KUVGOCFGTGHTKIGTCEKÉP
&KCITCOCFGHNWLQ
5KUVGOCFGTGHTKIGTCEKÉP)#C)#%TGHTKIGTCFQRQTCKTG

5KUVGOCFGTGHTKIGTCEKÉP)#C)#%TGHTKIGTCFQRQTCIWC
# 'PVTCFCFGCKTG
% #KTGEQORTKOKFQ
& #EGKVG
' (NWLQFGCIWC
)#C)#%
'NUKUVGOCFGTGHTKIGTCEKÉPXKGPGFQVCFQFGWPTGHTKIGTCFQTFGCKTG
%C[QVTQFGCEGKVG
%Q
'PEQORTGUQTGUTGHTKIGTCFQURQTCKTGGNHNWLQFGNCKTGFGTGHTKIGTCEKÉPNQIGPGTCWPXGPVKNCFQT
(0
.QUEQORTGUQTGUTGHTKIGTCFQURQTCIWCGUV±PFQVCFQUFGWPUKUVGOCFGCIWCFGTGHTKIGTCEKÉP'NCIWC
RCUCRQTGNVWDQFGGPVTCFCNQUVWDQUFGNTGHTKIGTCFQTEQODKPCFQ[GNVWDQFGUCNKFC

5KUVGOCFGEQPFGPUCFQ
2WPVQUFGFTGPCLGFGEQPFGPUCFQGP)#C)#%
2WPVQUFGFTGPCLGFGEQPFGPUCFQGP)#C)#%
.CUXGTUKQPGU)#C)#%GUV±PGSWKRCFCUEQPWPEQNGEVQTFGEQPFGPUCFQGPGNUKUVGOCFGUCNKFC
FGCKTG&KEJQEQNGEVQTXCRTQXKUVQFGWPCX±NXWNCRCTCFTGPCLGCWVQO±VKEQFWTCPVGGNHWPEKQPCOKGPVQ

&C[WPCX±NXWNCCEEKQPCFCCOCPQRCTCFTGPCLGFGURW¾UFGWPCRCTCFCFGNEQORTGUQT
&O
5KUVGOCFGTGIWNCEKÉP
&KCITCOCFGHNWLQ
5KUVGOCFGTGIWNCEKÉPFG)#C)#%
&GRÉUKVQFGCKTG
#NTGHTKIGTCFQTFGCKTG
#NFGUFGGNTGHTKIGTCFQTFGCEGKVG
&GUECTIC
5KGNEQPUWOQFGCKTGGUKPHGTKQTCNUWOKPKUVTQFGNEQORTGUQTNCRTGUKÉPFGNCTGFCWOGPVCT±%WCPFQNC
RTGUKÉPFGNCTGFCNECPEGNCFGFGUECTICUGFGUGPGTIK\CNCX±NXWNCFGUQNGPQKFG
;'N¾ODQNQFGNC
X±NXWNCTGVQTPCCKORWNUQFGWPOWGNNG

Ő .CRTGUKÉPFGEQPVTQNSWGUGJCNNCRTGUGPVGGPNCUE±OCTCUFGN¾ODQNQFGECTIC
.2[NCX±NXWNCFG
FGUECTIC
78UGFGUCJQICCNCCVOÉUHGTCCVTCX¾UFGNCX±NXWNCFGUQNGPQKFG
;
Ő 'N¾ODQNQFGECTIC
.2UGOWGXGJCEKCCTTKDC[JCEGSWGNCX±NXWNCFGGPVTCFC
+8EKGTTGNCCDGTVWTC
FGGPVTCFCFGNCKTG
Ő .CX±NXWNCFGFGUECTIC
78NCCDTGNCRTGUKÉPFGNFGRÉUKVQ&KEJCRTGUKÉPFGNFGRÉUKVQFGCKTG

GUECRCJCEKCGNFGUECTICFQT
7#
Ő .CRTGUKÉPUGGUVCDKNK\CCWPDCLQXCNQT7PCRGSWGÇCECPVKFCFFGCKTGUKIWGUKGPFQCURKTCFC[RCUCCN
FGUECTICFQT
'NUWOKPKUVTQFGCKTGUGFKUEQPVKPÐC
GNEQORTGUQTOCTEJCGPFGUECTIC
%CTIC
%WCPFQNCRTGUKÉPFGNCTGFDCLGCNCFGECTICUGGPGTIK\CNCX±NXWNCFGUQNGPQKFG
;'N¾ODQNQFGNC
OKUOC
;UGOWGXGJCEKCCTTKDCEQPVTCNCHWGT\CFGNOWGNNG
Ő .CRTGUKÉPFGEQPVTQNUGFKUVTKDW[GFGUFGGNFGRÉUKVQFGCKTG
OGFKCPVGFGNCX±NXWNCFGUQNGPQKFG

;CN¾ODQNQFGECTIC
.2[NCX±NXWNCFGFGUECTIC
78
Ő .CX±NXWNCFGFGUECTIC
78EKGTTCNCCDGTVWTCFGGZRWNUKÉPFGCKTG'N¾ODQNQFGECTIC
.2UGOWGXG
JCEKCCDCLQ[JCEGSWGUGCDTCRQTEQORNGVQNCX±NXWNCFGGPVTCFC
+8
5GTGCPWFCGNUWOKPKUVTQFGCKTG
GNEQORTGUQTOCTEJCGPECTIC
5KUVGOCGN¾EVTKEQ
)GPGTCNKFCFGU
%QPUWNVGVCODK¾PNCUUGEEKQPGU&KCITCOCUGN¾EVTKEQU[%QPGZKQPGUGN¾EVTKECU
)#C)#%
'NUKUVGOCGN¾EVTKEQEQPUVCFGNQUEQORQPGPVGUUKIWKGPVGU

%WDÃEWNQGN¾EVTKEQGP)#C)#%GLGORNQVÃRKEQ
4GHGTGPEKC &GUKIPCEKÉP
( (WUKDNGU
( (WUKDNGU
( 4GN¾FGUQDTGECTICOQVQTFGNEQORTGUQT
3 &KU[WPVQTOQVQTFGXGPVKNCFQT
EQORTGUQTGUTGHTKIGTCFQURQTCKTG
- %QPVCEVQTFGNÃPGC
- %QPVCEVQTFGGUVTGNNC
- %QPVCEVQTFGVTK±PIWNQ
6 6TCPUHQTOCFQT
: 4GINGVCFGDQTPGU
UWOKPKUVTQFGVGPUKÉP
: 4GINGVCFGDQTPGU
:: %QPGEVQTGU
2' $QTPGFGRWGUVCCVKGTTC

&KCITCOCUGN¾EVTKEQU
&KCITCOCRCTC'NGMVTQPKMQP++
&KCITCOCFGUGTXKEKQFG)#C)#%EQP'NGMVTQPKMQP++[CTTCPECFQTGUVTGNNCVTK±PIWNQ

+PUVCNCEKÉPFGNENKGPVG

--VCOCÇQEQPHWUKDNGUVKRQ

--OGPQTGUFGNVCOCÇQEQPHWUKDNGUVKRQ

1REKÉPUGECFQT

6QFQUNQUXQNVCLGU
[*\EQPGZEGREKÉPFG8*\

%QPGZKÉPGPGUVTGNNCVQFQUNQUFGO±UXQNVCLGU

8*\

%QPGZKÉPGPVTK±PIWNQ8*\

2CTCFCFGGOGTIGPEKC

#TTCPSWGRCTCFCCFKUVCPEKC

%CTICFGUECTICTGOQVC

&GVGEEKÉPRTGUKÉPTGOQVC


5QDTGECTICOQVQTFGCEEKQPCOKGPVQ

5QDTGECTICOQVQTFGXGPVKNCFQT

(CNNQ'9&

&RFGHKNVTQ&&

&RFGHKNVTQ2&

5GNGEEKÉPFGDCPFCFGRTGUKÉPCFKUVCPEKC

1REKÉPTGN¾FGUGEWGPEKCFGHCUGU

1REKÉP'5

2CTCFCFGGOGTIGPEKCCFKUVCPEKC

%QPVCEVQUCWZKNKCTGU
%QPGZKÉPGN¾EVTKECFGNUGECFQT+%&


%WDÃEWNQFGNEQORTGUQT

%WDÃEWNQFGN+%&

1REKÉP+%&

&GUKIPCEKQPGURCTC'NGMVTQPKMQP
4GHGTGPEKC 5GPUQTGUX±NXWNCUFGUQNGPQKFGFKURQUKVKXQFGFTGPCLGGNGEVTÉPKEQ
2&6 5GPUQTFGRTGUKÉPFKHGTGPEKCFGRTGUKÉPUQDTGUGRCTCFQTFGCEGKVG
26 5GPUQTFGRTGUKÉPUCNKFCFGCKTG
66 5GPUQTFGVGORGTCVWTCUCNKFCFGNGNGOGPVQ
66 5GPUQTFGVGORGTCVWTCGPVTCFCFGCIWCFGTGHTKIGTCEKÉP
EQORTGUQTGUTGHTKIGTCFQU
RQTCIWC
66 5GPUQTFGVGORGTCVWTCUCNKFCFGCIWCFGTGHTKIGTCEKÉP
EQORTGUQTGUTGHTKIGTCFQU
RQTCIWC
66 5GPUQTFGVGORGTCVWTCGPVTCFCUCNKFCFGCIWCFGTGEWRGTCEKÉPFGGPGTIÃC

EQORTGUQTGUTGHTKIGTCFQURQTCIWC
66 5GPUQTFGVGORGTCVWTCRWPVQFGTQEÃQ
(WNN(GCVWTGEQP+(&
; 8±NXWNCFGUQNGPQKFGFGECTIC
4GHGTGPEKC /QVQTGU
/ /QVQTFGCEEKQPCOKGPVQ
/ /QVQTFGNXGPVKNCFQT
EQORTGUQTGUTGHTKIGTCFQURQTCKTG
4GHGTGPEKC #TOCTKQGN¾EVTKEQRCTC)#C)#%
( (WUKDNGU
( 4GN¾FGUQDTGECTICOQVQTFGCEEKQPCOKGPVQ
- %QPVCEVQTFGNÃPGC
- %QPVCEVQTFGGUVTGNNC
- %QPVCEVQTFGVTK±PIWNQ
3 &KU[WPVQTOQVQTFGXGPVKNCFQT
6 6TCPUHQTOCFQTGU
:: 4GINGVCUFGDQTPGU
: %QPGEVQTGU
4GHGTGPEKC /ÉFWNQFGEQPVTQN
+ $QVÉPFGCTTCPSWG
- 4GN¾FGDNQSWGQ
- 4GN¾CWZKNKCTEQPVCEVQTFGGUVTGNNC
- 4GN¾CWZKNKCTEQPVCEVQTFGVTK±PIWNQ
- 4GN¾CWZKNKCTECTICFGUECTIC
- 4GN¾CWZKNKCTCNVCDCLCRTGUKÉPFGCKTG
- 4GN¾CWZKNKCTUGECFQT
- 4GN¾CWZKNKCTHWPEKQPCOKGPVQOCPWCNCWVQO±VKEQ
- 4GN¾CWZKNKCTCXKUQ
- 4GN¾CWZKNKCTRCTCFCFGCNCTOC
1 $QVÉPFGRCTCFC

4GHGTGPEKC 'SWKRQQREKQPCNRCTC)#C)#%
#+' /ÉFWNQFGGZRCPUKÉPGPVTCFCCPCNÉIKEC
# 5GECFQT
(WNN(GCVWTGEQP+(&
$ &KURQUKVKXQGNGEVTÉPKEQFGFTGPCLGFGCIWC
'9&
-ŉ 4GN¾CWZKNKCTECTICFGUECTICRCTC'5
- %QPVCEVQTCWZKNKCTEQORTGUQTGPOCTEJCRCTC'5
- 4GN¾FGUGEWGPEKCFGHCUGU
2&5 +PVGTTWRVQT2&GNVCRCTCHKNVTQ&&KPVGITCFQ
2&5 +PVGTTWRVQT2&GNVCRCTCHKNVTQ2&KPVGITCFQ
4- 2TQVGEEKÉPFGVGTOKUVQTFGOQVQTFGCEEKQPCOKGPVQRCTCFCFGCNCTOC
4- 2TQVGEEKÉPFGVGTOKUVQTFGOQVQTFGCEEKQPCOKGPVQCXKUQ
444 %CNGPVCFQTGURTQVGEEKÉPEQPVTCEQPIGNCEKÉP
4 %CNGPVCFQTGUCPVKEQPFGPUCEKÉP
5 +PVGTTWRVQTUGRCTCFQTRTKPEKRCNFGGPGTIÃCGN¾EVTKEC
65.. 6GTOQUVCVQRTQVGEEKÉPEQPVTCEQPIGNCEKÉP
; 8±NXWNCFGUQNGPQKFG
; 8±NXWNCFGEKGTTGFGCIWC
4GHGTGPEKC 5GECFQT+%&
' /ÉFWNQ'OKZ
( (WUKDNGU
2&5 +PVGTTWRVQTFKHGTGPEKCNHKNVTQ&&R
26 5GPUQTFGRTGUKÉPVQTTGUGECFQTC#
26 5GPUQTFGRTGUKÉPVQTTGUGECFQTC$
66 5GPUQTFGVGORGTCVWTCGPVTCFCFGNUGECFQT
66 5GPUQTFGVGORGTCVWTCFGRWPVQFGTQEÃQCRTGUKÉP
6 6TCPUHQTOCFQT
: 4GINGVCFGDQTPGUUWOKPKUVTQGN¾EVTKEQ
: 4GINGVCFGDQTPGUVKGTTC
: 4GINGVCFGDQTPGU8%#

5GECFQTFGCKTG+(&
&KCITCOCFGHNWLQ
5GECFQTFGCKTG)#JCUVC)#%
# )CUTGHTKIGTCPVG
$ .ÃSWKFQTGHTKIGTCPVG
% %QPFGPUCFQ
#+ 'PVTCFCFGCKTG
#1 5CNKFCFGCKTG
+PVGTECODKCFQTFGECNQTCKTGCKTG
+PVGTECODKCFQTFGECNQTGXCRQTCFQTCKTGTGHTKIGTCPVG
5GRCTCFQTFGEQPFGPUCFQ
5CNKFCFGEQPFGPUCFQ
%QORTGUQTFGTGHTKIGTCPVG
%QPFGPUCFQTFGTGHTKIGTCPVG
5GECFQTHKNVTQFGTGHTKIGTCPVGNÃSWKFQ
6WDQECRKNCT
8±NXWNCFGFGTKXCEKÉPFGICUECNKGPVG
8GPVKNCFQTFGTGHTKIGTCEKÉPFGEQPFGPUCFQT
2TGUQUVCVQEQPVTQNFGNXGPVKNCFQT
%KTEWKVQFGCKTGEQORTKOKFQ
'NCKTGEQORTKOKFQGPVTCGPGNKPVGTECODKCFQTFGECNQT
[UGGPHTÃCOGFKCPVGGNCKTGUGECFQ[HTÃQSWG
UCNG'NCIWCFGNCKTGSWGGPVTCGORKG\CCEQPFGPUCTUG.WGIQGNCKTGHNW[GCVTCX¾UFGNKPVGTECODKCFQT
FGECNQTGXCRQTCFQT
FQPFGGNTGHTKIGTCPVGUGGXCRQTCJCEKGPFQSWGGNCKTGEQPVKPÐGGPHTK±PFQUG
JCUVCCEGTECTUGCNCVGORGTCVWTCFGGXCRQTCEKÉPFGNTGHTKIGTCPVG5GEQPFGPUCO±UCIWCGPGNCKTG'N
CKTGHTÃQRCUCGPUGIWKFCCVTCX¾UFGNUGRCTCFQT
FQPFGVQFQGNEQPFGPUCFQUGUGRCTCFGNCKTG'N
EQPFGPUCFQUGRWTICCWVQO±VKECOGPVGCVTCX¾UFGNCUCNKFC

'NCKTGUGECFQ[HTÃQRCUCCVTCX¾UFGNKPVGTECODKCFQTFGECNQT
FQPFGUGECNKGPVCOGFKCPVGGNCKTGSWG
GPVTC

%KTEWKVQFGTGHTKIGTCPVG
'NEQORTGUQT
FGUECTICICUTGHTKIGTCPVGECNKGPVGCCNVCRTGUKÉPSWGHNW[GCVTCX¾UFGNEQPFGPUCFQT

FQPFGUGEQPFGPUCNCOC[QTRCTVGFGNTGHTKIGTCPVG
'NNÃSWKFQRCUCCVTCX¾UFGNUGECFQTHKNVTQFGTGHTKIGTCPVGNÃSWKFQ
CNVWDQECRKNCT
'NTGHTKIGTCPVGUCNG
FGNVWDQECRKNCTCRTGUKÉPFGGXCRQTCEKÉP
'NTGHTKIGTCPVGGPVTCGPGNGXCRQTCFQT
FQPFGSWKVCECNQTCNCKTGEQORTKOKFQOGFKCPVGWPCPWGXC
GXCRQTCEKÉPCRTGUKÉPEQPUVCPVG'NTGHTKIGTCPVGECNGPVCFQUCNGFGNGXCRQTCFQT[GUCURKTCFQRQTGN
EQORTGUQT

.CX±NXWNCFGFGTKXCEKÉP
TGIWNCGNHNWLQFGTGHTKIGTCPVG'NXGPVKNCFQT
NQEQPGEVCQFGUEQPGEVCGN
KPVGTTWRVQT
UGIÐPGNITCFQFGECTICFGNEKTEWKVQFGTGHTKIGTCPVG
5GECFQTFGCKTG+%&
&KCITCOCFGHNWLQ
5GECFQTFGCKTG)#JCUVC)#%

# #KTGEQORTKOKFQ
$ #KTGFGEQPVTQN
% #KTGFGRWTIC
#+ 'PVTCFCFGCKTG
#1 5CNKFCFGCKTG
#8 8±NXWNCFGUCNKFCFGCKTGUGECFQTHWGTCFGNEKTEWKVQ
&&R (KNVTQ&&R
&C 5CNKFCFGFTGPCLGCWVQO±VKEQEQNGEVQTFGEQPFGPUCFQFGNTGHTKIGTCFQTFGCKTG[
RTGHKNVTQKPVGITCFQ
&O 8±NXWNCFGFTGPCLGOCPWCNEQNGEVQTFGEQPFGPUCFQFGNTGHTKIGTCFQTFGCKTG
+2& 2TGHKNVTQKPVGITCFQ
/6 %QNGEVQTFGEQPFGPUCFQFGTGHTKIGTCFQTFGCKTGEQORTGUQT
2&2 5GPUQTFGRWPVQFGTQEÃQCRTGUKÉP
24 4GIWNCFQTFGRTGUKÉP
UÉNQGPEQORTGUQTGUFGDCT
RUK
26 5GPUQTFGRTGUKÉPUCNKFCFGCKTG
26 5GPUQTFGRTGUKÉPVQTTG6C
26 5GPUQTFGRTGUKÉPVQTTG6D
4H 4GUVTKEVQT
6C 6QTTG#
6D 6QTTG$
66 5GPUQTFGVGORGTCVWTCGPVTCFCFGNUGECFQT
8±NXWNCFGGPVTCFCFGUGECFQT
8±NXWNCFGXÃCU
#EVWCFQTPGWO±VKEQ
8±NXWNCFGGUECRG
5KNGPEKCFQT
8±NXWNCFGGUECRG
5KNGPEKCFQT
8±NXWNCFGEKGTTGUGPUQT2&2
(KNVTQFGCKTG
8±NXWNCFGEKGTTGRTGUKÉPFGEQPVTQN

)GPGTCNKFCFGU
'NUGECFQTVKGPGFQUVQTTGU
6C[6DSWGEQPVKGPGPFGUGECPVGWPOCVGTKCNOW[RQTQUQEQPRTGUGPVCEKÉP
ITCPWNCFCSWGRWGFGCFUQTDGTITCPECPVKFCFFGXCRQTFGCIWC/KGPVTCUGNFGUGECPVGFGWPCVQTTGUGEC
GNCKTGEQORTKOKFQGNFGUGECPVGFGNCQVTCUGTGIGPGTC[XKEGXGTUC.CTGIGPGTCEKÉPFGNFGUGECPVGUG
NQITCOGFKCPVGGNCKTGFGRWTICFGNCVQTTGFGUGECFQ'NEKENQFGHWPEKQPCOKGPVQFGNUGECFQTGU
TGRGVKVKXQ[UGEQPVTQNCOGFKCPVGGNTGIWNCFQTFGNEQORTGUQT[GNUGPUQT2&2
%KTEWKVQFGCKTGEQORTKOKFQ
'NCKTGEQORTKOKFQSWGGPVTCGPGNUGECFQTUGFKTKIGCWPCFGGUVCUVQTTGUOGFKCPVGWPCX±NXWNCFGXÃCU

EQPVTQNCFCRQTWPCEVWCFQTPGWO±VKEQ
#OGFKFCSWGGNCKTGUWDGRQTNCVQTTGGNFGUGECPVG
CFUQTDGGNXCRQTFGCIWC[GNCKTGEQORTKOKFQUGUGEC'NCKTGEQORTKOKFQUGEQUCNGFGNUGECFQTRQTNC
X±NXWNCCPVKTTGVQTPQ
%8Q%8GPNCRCTVGUWRGTKQTFGNCVQTTGFGUGECFQ
%KTEWKVQFGTGIGPGTCEKÉP
5GFGTKXCWPCRGSWGÇCECPVKFCFFGCKTGUGEQFGNCUCNKFCFGNUGECFQT[UGGZRCPFGCRTGUKÉP
CVOQUH¾TKEC'UVGCKTGFGRWTICDCLCRQTNCECRCFGFGUGECPVGFGNCVQTTGFGTGIGPGTCEKÉP#OGFKFCSWG
NCRTGUKÉPFGNXCRQTFGNCKTGFGRWTICGUOWEJQOGPQTSWGNCFGNFGUGECPVGNCJWOGFCFUCNGFGN
FGUGECPVG'NCKTGFGRWTICJÐOGFQUGFGUECTICGPNCCVOÉUHGTCCVTCX¾UFGNCX±NXWNCFGGUECRG
Q
[FGNUKNGPEKCFQT
Q
%KTEWKVQFGCKTGFGEQPVTQN
7PCUGIWPFCRCTVGFGCKTGUGEQRCUCRQTNCX±NXWNCFGCKTGFGEQPVTQN
[GNHKNVTQFGNCKTG
JCUVC
NNGICTCNCUX±NXWNCUFGUQNGPQKFG
;G;
6CODK¾PUGKPUVCNCWPTGIWNCFQTFGRTGUKÉP
24GPVTGGNHKNVTQFGCKTG[NCUX±NXWNCUFGUQNGPQKFGGP
WPKFCFGUFGDCT
RUK
%WCPFQWPCFGNCUX±NXWNCUFGUQNGPQKFGUGGPGTIK\CGNCKTGFGEQPVTQNGPVTCGPGNCEVWCFQTPGWO±VKEQ

[GPNCX±NXWNCFGGUECRG
Q
'NUGPUQT2&2
2&2OKFGGNRWPVQFGTQEÃQCRTGUKÉPFGNCKTGEQORTKOKFQSWGUCNGFGNCVQTTGFGUGECFQ
'PEWCPVQGNRWPVQFGTQEÃQCRTGUKÉPUWRGTCGNRWPVQFGCLWUVGGNTGIWNCFQT'NGMVTQPKMQPECODKCT±NCU
VQTTGUGUFGEKTNCVQTTGTGIGPGTCFCGORG\CT±CUGECTGNCKTGEQORTKOKFQ[NCQVTCVQTTGUGTGIGPGTCT±

4GIWNCFQT'NGMVTQPKMQPs++
2CPGNFGEQPVTQN
)GPGTCNKFCFGU
'PIGPGTCNGNTGIWNCFQT'NGMVTQPKMQPGLGEWVCNCUUKIWKGPVGUHWPEKQPGU
Ő %QPVTQNCTGNEQORTGUQT
Ő 2TQVGIGTGNEQORTGUQT
Ő /QPKVQTK\CTNQUEQORQPGPVGUUWLGVQUCUGTXKEKQ
Ő #TTCPSWGCWVQO±VKEQFGURW¾UFGKPVGTTWREKÉPFGNXQNVCLG
JGEJQKPCEVKXQ
2CTC)#9QTMRNCEG((EQP+%&
'NTGIWNCFQTVCODK¾POCPVKGPGGNRWPVQFGTQEÃQCRTGUKÉPFGNUGECFQTGPVTGCLWUVGURTQITCOCDNGUCN
FGHKPKTWPVKGORQFGEQPOWVCEKÉP5GVKGPGPGPEWGPVCWPCUGTKGFGCLWUVGURTQITCOCDNGU
%QPVTQNCWVQO±VKEQFGHWPEKQPCOKGPVQFGNEQORTGUQT
'NTGIWNCFQTOCPVKGPGNCRTGUKÉPFGNCTGFGPVTGNQUNÃOKVGURTQITCOCDNGUECTICPFQ[FGUECTICPFQGN
EQORTGUQTCWVQO±VKECOGPVG5GVKGPGGPEWGPVCWPPÐOGTQFGCLWUVGURTQITCOCDNGURGLNCURTGUKQPGU
FGFGUECTIC[ECTICGNVKGORQOÃPKOQFGRCTCFC[GNPÐOGTQO±ZKOQFGCTTCPSWGUFGNOQVQT
'NTGIWNCFQTRCTCGNEQORTGUQTECFCXG\SWGUGCRQUKDNGEQPQDLGVQFGTGFWEKTGNEQPUWOQFGGPGTIÃC[
XWGNXGCCTTCPECTNQCWVQO±VKECOGPVGEWCPFQDCLGNCRTGUKÉPFGNCTGF%CUQFGUGTFGOCUKCFQDTGXGGN
RGTÃQFQFGFGUECTICRTGXKUVQGNEQORTGUQTUKIWGHWPEKQPCPFQCHKPFGGXKVCTRGTÃQFQUFGRCTCFC
FGOCUKCFQDTGXGU
'URQUKDNGRTQITCOCTWPPÐOGTQFGOCPFQUFGCTTCPSWGCWVQO±VKEQRCTCFCSWG
CEVÐCPGPWPVKGORQFCFQ6GPICGPEWGPVCSWGUGGLGEWVCT±WPOCPFQFGCTTCPSWG

UKGUV±RTQITCOCFQ[CEVKXCFQKPENWUQFGURW¾UFGRCTCTGNEQORTGUQT
OCPWCNOGPVG
2TQVGIGTGNEQORTGUQT
2CTCFCFGCNCTOC
5KNCVGORGTCVWTCFGUCNKFCFGNGNGOGPVQEQORTGUQTGZEGFGGNPKXGNFGRCTCFCFGCNCTOCRTQITCOCFQUG
RCTCT±GNEQORTGUQT'UVQUGKPFKECGPGNFKURNC[
[RCTRCFGCT±GN.'&FGCNCTOCIGPGTCN

'NEQORTGUQTUGRCTCT±VCODK¾PGPECUQFGUQDTGECTICFGNQUUKIWKGPVGUEQORQPGPVGU
Ő /QVQTFGCEEKQPCOKGPVQ
Ő /QVQTFGXGPVKNCFQT
5QNWEKQPGGNRTQDNGOC[TGCTOGNCPQVKEKC%QPUWNVGVCODK¾PGN/GPÐ&CVQUFGGUVCFQ
#PVGUFGUQNWEKQPCTEQPUWNVGNCU2TGECWEKQPGUFGUGIWTKFCF
#XKUQFGRCTCFCFGCNCTOC
7PPKXGNFGCXKUQFGRCTCFCFGCNCTOCGUWPPKXGNRTQITCOCDNGDCLQGNPKXGNFGRCTCFCFGCNCTOC
5KNCVGORGTCVWTCFGUCNKFCFGNGNGOGPVQEQORTGUQTUWRGTCGNPKXGNFGCXKUQFGRCTCFCFGCNCTOC
RTQITCOCFQCRCTGEGT±WPCPQVKEKCGPGNFKURNC[
[UGGPEGPFGT±GN.'&FGCNCTOCIGPGTCN
EQP
QDLGVQFGCXKUCTCNQRGTCFQTFGSWGUGGZEGFGGNPKXGNFGCXKUQFGRCTCFCFGCNCTOC
'NOGPUCLGFGUCRCTGEGGPEWCPVQFGUCRCTGEGNCEQPFKEKÉPFGCXKUQ
#XKUQFGUGTXKEKQ
7PCUGTKGFGCEEKQPGUFGUGTXKEKQUGCITWRCP
GPNQUNNCOCFQU2NCPGUFG5GTXKEKQ#$%GVE%CFC
2NCPFG5GTXKEKQVKGPGWPKPVGTXCNQFGVKGORQRTQITCOCFQ5KUGGZEGFGCNIÐPKPVGTXCNQCRCTGEGT±WPC
PQVKEKCGPGNFKURNC[
EQPQDLGVQFGCXKUCTCNQRGTCFQTFGSWGNNGXGCECDQNCUCEEKQPGUFGUGTXKEKQ
RGTVGPGEKGPVGUCFKEJQRNCP
#XKUQ
6CODK¾PCRCTGEGWPCPQVKEKCFGCXKUQUK
Ő 'PEQORTGUQTGUTGHTKIGTCFQURQTCIWCNCVGORGTCVWTCFGNCIWCFGTGHTKIGTCEKÉPGZEGFGGNPKXGNFG
CXKUQ
Ő 'PEQORTGUQTGU(WNN(GCVWTGEQPUGECFQT+(&NCVGORGTCVWTCFGNRWPVQFGTQEÃQGUFGOCUKCFQCNVCGP
TGNCEKÉPEQPNCVGORGTCVWTCCODKGPVG
Ő 'P)#9QTMRNCEG((EQPUGECFQT+%&NCVGORGTCVWTCFGNRWPVQFGTQEÃQGUFGOCUKCFQCNVC
Ő 'P)#9QTMRNCEG((EQP+%&NCRTGUKÉPFGNQUTGEKRKGPVGUFGNUGECFQTGUKPHGTKQTCNNÃOKVGOÃPKOQQ
UWRGTKQTCNNÃOKVGO±ZKOQ
4GCTTCPSWGCWVQO±VKEQFGURW¾UFGKPVGTTWREKÉPFGNXQNVCLG
'NTGIWNCFQTKPEQTRQTCWPCHWPEKÉPFGCTTCPSWGCWVQO±VKEQFGNEQORTGUQTCNTGUVCDNGEGTUGGNXQNVCLG
FGURW¾UFGWPCKPVGTTWREKÉPGN¾EVTKEC&KEJCHWPEKÉPGUV±FGUCEVKXCFCGPNQUEQORTGUQTGUSWGUCNGPFG
NCH±DTKEC0QQDUVCPVGGURQUKDNGCEVKXCTNCUKCUÃUGFGUGC%QPUWNVGC#VNCU%QREQ
5KGUV±CEVKXCFCNCHWPEKÉP[UKGORTGSWGGNTGIWNCFQTUGGPEWGPVTGGPGNOQFQFG
HWPEKQPCOKGPVQCWVQO±VKEQGNEQORTGUQTXQNXGT±CCTTCPECTCWVQO±VKECOGPVGUKGN
XQNVCLGFGUWOKPKUVTQCNOÉFWNQUGTGUVCDNGEGFGPVTQFGNRGTÃQFQRTQITCOCFQ
'NVKGORQFGTGUVCDNGEKOKGPVQFGRQVGPEKC
GNRGTÃQFQGPGNSWGFGDGTGUVCDNGEGTUGGN
XQNVCLGRCTCRQFGTCTTCPECTCWVQO±VKECOGPVGRWGFGCLWUVCTUGGPVTG[
UGIWPFQUQCN+PHKPKVQ5KGNVKGORQFGTGUVCDNGEKOKGPVQFGRQVGPEKCUGGPEWGPVTC
CLWUVCFQCN+PHKPKVQGNEQORTGUQTXQNXGT±CCTTCPECTUKGORTGFGURW¾UFGWPC
KPVGTTWREKÉPFGNXQNVCLGKPFGRGPFKGPVGOGPVGFGNQSWGUGVCTFGGPTGUVCDNGEGTNQ
6CODK¾PGURQUKDNGRTQITCOCTWPTGVTCUQFGTGCTTCPSWGJCEKGPFQSWGXWGNXCPC
CTTCPECTRQTGLGORNQFQUEQORTGUQTGUFGHQTOCEQPUGEWVKXC

2CPGNFGEQPVTQN
4GIWNCFQT'NGMVTQPKMQP
2CTVGU[HWPEKQPGU
4GHGTGPEKC &GUKIPCEKÉP (WPEKÉP

$QVÉPFGCTTCPSWG $QVÉPRCTCCTTCPECTGNEQORTGUQT'N.'&
UG
GPEKGPFGRCTCKPFKECTSWGGNTGIWNCFQT
'NGMVTQPKMQPGUV±QRGTCVKXQ
&KURNC[ /WGUVTCOGPUCLGUUQDTGGNGUVCFQFG
HWPEKQPCOKGPVQFGNEQORTGUQTNCPGEGUKFCFFG
UGTXKEKQQWPHCNNQ
6GENCUFGFGURNC\COKGPVQ 6GENCURCTCFGURNC\CTUGJCEKCCTTKDCQCDCLQRQTGN
FKURNC[
6GENCFGVCDWNCEKÉP 6GENCRCTCUGNGEEKQPCTGNRCT±OGVTQKPFKECFQRQTNC
HNGEJCJQTK\QPVCN5QNCOGPVGRWGFGPOQFKHKECTUG
NQURCT±OGVTQUUGIWKFQUFGWPCHNGEJCSWGUGÇCNG
CNCFGTGEJC
6GENCUFGHWPEKÉP 6GENCURCTCIQDGTPCT[RTQITCOCTGNEQORTGUQT
.'&FGXQNVCLGEQPGEVCFQ +PFKECSWGGUV±EQPGEVCFQGNXQNVCLG
.'&FGCNCTOCIGPGTCN 'UV±GPEGPFKFQUKGZKUVGWPGUVCFQFGCXKUQCXKUQ
FGUGTXKEKQQCXKUQFGRCTCFCFGCNCTOC
.'&FGCNCTOCIGPGTCN 2CTRCFGCUKGZKUVGWPCEQPFKEKÉPFGRCTCFCFG
CNCTOCUKUGJCTQVQWPUGPUQTKORQTVCPVGQ
FGURW¾UFGWPCRCTCFCFGGOGTIGPEKC
.'&FGHWPEKQPCOKGPVQCWVQO±VKEQ +PFKECSWGGNTGIWNCFQTGUV±EQPVTQNCPFQGN
EQORTGUQTCWVQO±VKECOGPVG
$QVÉPFGRCTCFC $QVÉPRCTCRCTCTGNEQORTGUQT5GCRCICGN.'&

'NEQORTGUQTUGRCTCT±FGURW¾UFGHWPEKQPCT
GPFGUECTICWPQUUGIWPFQU
5 $QVÉPFGRCTCFCFGGOGTIGPEKC 2WNUCFQTRCTCRCTCTGNEQORTGUQTCNKPUVCPVGGP
ECUQFGGOGTIGPEKC&GURW¾UFGUQNWEKQPCTNC
CXGTÃCNKDGTGGNDQVÉPVKTCPFQFG¾N

6GENCUFGHWPEKÉP
2CPGNFGEQPVTQN
6GENCUFGHWPEKÉP
.CUVGENCU
UGWUCPRCTC
Ő %CTICTFGUECTICTGNEQORTGUQTCOCPQ
Ő +PXQECTQRTQITCOCTCLWUVGU
Ő 4GCTOCTWPCPQVKEKCFGUQDTGECTICFGNOQVQTRCTCFCFGCNCTOCQUGTXKEKQQWPCRCTCFCFG
GOGTIGPEKC
Ő #EEGFGTCVQFQUNQUFCVQUTGEQIKFQURQTGNTGIWNCFQT
.CUHWPEKQPGUFGNCUVGENCUXCTÃCPUGIÐPGNOGPÐSWGUGOWGUVTC.CHWPEKÉPTGCNUGKPFKECLWUVQGPEKOC
FGNCVGENCEQTTGURQPFKGPVG#EQPVKPWCEKÉPUGEKVCPNCUHWPEKQPGUO±UEQOWPGU
&GUKIPCEKÉP (WPEKÉP
#ÇCF #ÇCFGEQOCPFQUFGCTTCPSWGRCTCFCFGNEQORTGUQT
FÃCJQTC
#VT± 8WGNXGCWPCQREKÉPQWPOGPÐSWGUGJCOQUVTCFQCPVGU
%CPE %CPEGNCWPCLWUVGRTQITCOCFQCNRTQITCOCTRCT±OGVTQU
$QTT $QTTCEQOCPFQUFGCTTCPSWGRCTCFCFGNEQORTGUQT
#[WF 8CCNCFKTGEEKÉPFG#VNCU%QREQGP+PVGTPGV
.ÃO /WGUVTCNQUNÃOKVGURCTCWPCLWUVGRTQITCOCDNG
%CTI %CTICTGNEQORTGUQTCOCPQ
2TKP 8QNXGTFGUFGWPOGPÐCNCRCPVCNNCRTKPEKRCN
/GPÐ 'ORG\CPFQFGUFGNCRCPVCNNCRTKPEKRCNQDVKGPGCEEGUQCNQUUWDOGPÐU
/GPÐ 'ORG\CPFQFGUFGWPUWDOGPÐXWGNXGCWPOGPÐCPVGTKQT
/QF /QFKHKECCLWUVGURTQITCOCDNGU
2TQI 2TQITCOCCLWUVGUOQFKHKECFQU
4GCT 4GCTOCWPVGORQTK\CFQTQWPOGPUCLG
8NXT 8WGNXGCWPCQREKÉPQWPOGPÐSWGUGJCOQUVTCFQCPVGU
&GUE &GUECTICTGNEQORTGUQTCOCPQ
'ZVT 'PEQPVTCTNCEQPHKIWTCEKÉPFGNOÉFWNQFGNTGIWNCFQT

6GENCUFGFGURNC\COKGPVQ
2CPGNFGEQPVTQN
.CUVGENCU
RGTOKVGPSWGGNWUWCTKQUGFGURNCEGRQTGNFKURNC[
/KGPVTCUUGOWGUVTGGPNCRQUKEKÉPFGTGEJCFGNFKURNC[WPCHNGEJCSWGUGÇCNGJCEKCCDCLQRWGFGWUCTUG
NCVGENCFGFGURNC\COKGPVQEQPGNOKUOQUÃODQNQRCTCFGURNC\CTUGCNEQORQPGPVGUKIWKGPVG
/KGPVTCUUGOWGUVTGGPNCRQUKEKÉPFGTGEJCFGNFKURNC[WPCHNGEJCSWGUGÇCNGJCEKCCTTKDCRWGFGWUCTUG
NCVGENCFGFGURNC\COKGPVQEQPGNOKUOQUÃODQNQRCTCFGURNC\CTUGCNEQORQPGPVGCPVGTKQT
$QVÉPFGRCTCFCFGGOGTIGPEKC
2CPGNFGEQPVTQN
2CTCRCTCTGNEQORTGUQTKPOGFKCVCOGPVGGPECUQFGGOGTIGPEKCRWNUGGNDQVÉPFGRCTCFCFGGOGTIGPEKC

5
#PVGUFGGORG\CTGNOCPVGPKOKGPVQQTGRCTCEKÉPGURGTGJCUVCSWGJC[CRCTCFQGN
EQORTGUQT[CDTCGNKPVGTTWRVQTUGRCTCFQT
KPUVCNCEKÉPFGNENKGPVGRCTCFGUEQPGEVCTGN
XQNVCLGCNEQORTGUQT
%KGTTGNCX±NXWNCFGUCNKFCFGCKTG[CDTCNCUX±NXWNCUFGFTGPCLGOCPWCNFGEQPFGPUCFQ
RCTCFGURTGUWTK\CTGNUKUVGOCFGCKTG
*C[SWGCRNKECTVQFCUNCU2TGECWEKQPGUFGUGIWTKFCFRGTVKPGPVGU

2TQITCOCUFGEQPVTQN
&GUETKREKÉP
#HKPFGHCEKNKVCTNCRTQITCOCEKÉP[GNEQPVTQNUGJCPKORNGOGPVCFQRTQITCOCUFGEQPVTQNOCPFCFQURQT
OGPÐUGPGNTGIWNCFQT
(NWLQFGOGPÐUFG)#C)#%
UKORNKHKECFQ

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

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

/GPÐRTKPEKRCN
2TQITCOCT (WPEKÉP
2CPVCNNCRTKPEKRCN /WGUVTCGPDTGXGGNGUVCFQFGHWPEKQPCOKGPVQFGNEQORTGUQT'UNCRWGTVCFG
GPVTCFCCVQFCUNCUHWPEKQPGU
&CVQUFGGUVCFQ +PXQECGNGUVCFQFGNCUHWPEKQPGUFGRTQVGEEKÉPFGNEQORTGUQT
RCTCFCFG
CNCTOCCXKUQFGRCTCFCFGCNCTOCCXKUQFGUGTXKEKQ[CXKUQ4GCTOCWPC
RCTCFCFGCNCTOCUQDTGECTICFGNOQVQT[EQPFKEKÉPFGUGTXKEKQ
&CVQUOGFKFQU +PXQECNQUFCVQUCEVWCNOGPVGOGFKFQU[GNGUVCFQFGWPCUGTKGFGGPVTCFCU
%QPVCFQTGU +PXQECNCUJQTCUFGHWPEKQPCOKGPVQJQTCUGPECTICJQTCUFGNTGIWNCFQT

OÉFWNQ[PÐOGTQFGCTTCPSWGUFGNOQVQT
'PUC[Q 2TQDCTRCPVCNNC
/QFKHKECTRCT±OGVTQU /QFKHKECNQUCLWUVGUFG
Ő 2CT±OGVTQU
RGLRTGUKQPGUFGECTIC[FGUECTIC
Ő 2TQVGEEKQPGU
RGLPKXGNFGRCTCFCFGCNCTOCRCTCVGORGTCVWTC
Ő 2NCPGUFGUGTXKEKQ
VGORQTK\CFQTGURCTCRNCPGUFGUGTXKEKQ
Ő (WPEKQPGUFGTGNQL
OCPFQUFGCTTCPSWGRCTCFCDCPFCFGRTGUKÉP
CWVQO±VKEQUFGNEQORTGUQT
Ő %QPHKIWTCEKÉP
JQTCHGEJCKFKQOCFGXKUWCNK\CEKÉP
5GTXKEKQ +PXQECRNCPGUFGUGTXKEKQ[TGCTOCNQUVGORQTK\CFQTGUFGURW¾UFGNNGXCTC
ECDQNCUCEEKQPGUFGUGTXKEKQRGTVGPGEKGPVGUCWPRNCP
&CVQUIWCTFCFQU +PXQECNQUFCVQUIWCTFCFQUFCVQUFGÐNVKOCRCTCFCFGCNCTOCÐNVKOCRCTCFC
FGGOGTIGPEKC
/GPÐ2CPVCNNCRTKPEKRCN
(WPEKÉP
2CPGNFGEQPVTQN
'NOGPÐFGNCRCPVCNNCRTKPEKRCNOWGUVTCGNGUVCFQFGHWPEKQPCOKGPVQFGNEQORTGUQT[HQTOCNCRWGTVCFG
GPVTCFCCVQFCUNCUHWPEKQPGUKORNGOGPVCFCUGPGNTGIWNCFQT
2TQEGFKOKGPVQ
.CRCPVCNNCRTKPEKRCNCRCTGEGCWVQO±VKECOGPVGCNEQPGEVCTNCEQTTKGPVG
5KPQUGWUCPPKNCUVGENCUFGHWPEKÉPPKNCUVGENCUEQPHNGEJC
[FWTCPVGCNIWPQUOKPWVQUGN
TGIWNCFQTXQNXGT±CWVQO±VKECOGPVGCNC2CPVCNNCRTKPEKRCN

5KGORTGSWGCRCTG\ECGPNCRCPVCNNCFGWPUWDOGPÐRWNUGNCVGENC 2TKP
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RTKPEKRCN
'LGORNQFG2CPVCNNCRTKPEKRCN
ň%QORTGUUQT1WVŉ
5CNKFC
EQORTGU
DCT
ň#WVQO±VETIFQŉ
/GPÐ ň7PNQCFŉ
&GUE
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'NFKURNC[KPFKEC
Ő .CFGUKIPCEKÉPFGNUGPUQT[NCKPFKECEKÉPCEVWCN
Ő 0QVKEKCUFGNGUVCFQFGHWPEKQPCOKGPVQFGNEQORTGUQT
Ő ,WUVQGPEKOCFGNCUVGENCUFGHWPEKÉP
NCHWPEKÉPCEVWCNFGFKEJCUVGENCU
+PXQECEKÉPFGOGPÐU
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2CPGNFGEQPVTQN
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ň%QORTGUUQT1WVŉ
5CNKFC
EQORTGU
DCT
ň#WVQO±VETIFQŉ
/GPÐ &GUE
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.CVGENCEQPHNGEJCCDCLQ
UGRWGFGWVKNK\CTRCTCWPCEQPUWNVCT±RKFCFGNCUKVWCEKÉPCEVWCNFGN
EQORTGUQT
&GURW¾UFGRWNUCTNCVGENC /GPÐ
(NCQREKÉP &CVQUFGGUVCFQ CRCTGEGT±UGIWKFCFGWPCHNGEJC
JQTK\QPVCN
Ő 2WNUGNCVGENCFGVCDWNCEKÉP
RCTCUGNGEEKQPCTGUVGOGPÐ

Ő 1DKGPWVKNKEGNCVGENCEQPHNGEJCCDCLQ
JCUVCSWGGNUWDOGPÐFGUGCFQXC[CUGIWKFQFGWPCHNGEJC
JQTK\QPVCN[CEQPVKPWCEKÉPRWNUGNCVGENCFGVCDWNCEKÉP
RCTCUGNGEEKQPCTGUVGOGPÐ
/GPÐ&CVQUFGGUVCFQ
#XKUQ
#PVGUFGGORG\CTGNOCPVGPKOKGPVQQTGRCTCEKÉPRWNUGGNDQVÉPFGRCTCFC

GURGTGJCUVCSWGJC[CRCTCFQGNEQORTGUQTRWNUGGNDQVÉPTQLQFGRCTCFCFG
GOGTIGPEKC[CDTCGNKPVGTTWRVQTUGRCTCFQT
KPUVCNCEKÉPFGNENKGPVGRCTCFGUEQPGEVCT
GNXQNVCLGCNEQORTGUQT
%KGTTGNCX±NXWNCFGUCNKFCFGCKTG[FGURTGUWTKEGGNUKUVGOCFGCKTG
(WPEKÉP
2CPGNFGEQPVTQN
'NUWDOGPÐFG&CVQUFGGUVCFQFCKPHQTOCEKÉPUQDTGGNGUVCFQFGNCUHWPEKQPGUFGRTQVGEEKÉPFGN
EQORTGUQT
RCTCFCFGCNCTOCCXKUQFGRCTCFCFGCNCTOCCXKUQFGUGTXKEKQ[CXKUQ[RGTOKVGSWGUG
TGCTOGWPCRCTCFCFGCNCTOCUQDTGECTICFGNOQVQT[EQPFKEKÉPFGUGTXKEKQ
2TQEGFKOKGPVQ
'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN
X¾CUGGNOGPÐFG2CPVCNNCRTKPEKRCN
Ő 2WNUGNCVGENC /GPÐ
(NCQREKÉP &CVQUFGGUVCFQ UGT±UGIWKFCFGWPCHNGEJCJQTK\QPVCN

0QGZKUVGPQVKEKC
Ő 'N.'&
FGCNCTOCIGPGTCNGUV±CRCICFQ[NCPQVKEKCGPGNFKURNC[KPFKECSWGVQFCUNCUEQPFKEKQPGU
UQPPQTOCNGU
ň6QFCUNCUEQPFEUQP1-ŉ

/GPÐ
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'ZKUVGWPOGPUCLGFGRCTCFCFGCNCTOC
Ő 'PECUQFGRCTCFCFGCNCTOCFGNEQORTGUQTRCTRCFGCT±GN.'&

Ő 'PECUQFGWPCRCTCFCFGCNCTOCFGDKFQCWPCVGORGTCVWTCFGOCUKCFQCNVCGPNCUCNKFCFGNGNGOGPVQ
EQORTGUQT
5CNKFCGNGOGPVQ
u%
ň2TFŉ ň/CZŉ
ň/GPÐŉ ň4GCTŉ
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Ő .QUKPFKECFQTGU
RCTRCFGCP.CRCPVCNNCOWGUVTCNCNGEVWTCCEVWCN
u%GNSWGGNEQORTGUQT
UGGPEWGPVTGRCTCFQ
2TF [GNCLWUVGFGRCTCFC
u%
Ő 5KIWGUKGPFQRQUKDNGFGURNC\CTUGRQTQVTQUOGPÐURGLRCTCEQORTQDCTNQUXCNQTGUFGQVTQU
RCT±OGVTQU
#NXQNXGTCNOGPÐFG &CVQUFGGUVCFQ RCTRCFGCT±NCQREKÉP 2CTCFCU &KEJCQREKÉPRWGFG
UGNGEEKQPCTUGRWNUCPFQNCVGENCFGVCDWNCEKÉP
RCTCXQNXGTCNCRCPVCNNCFGRCTCFCFGCTTKDC
4GCTOGFGRCTCFCFGCNCTOC
Ő &GUEQPGEVGGNXQNVCLG[JCICNCUIGUVKQPGUPGEGUCTKCURCTCUQNWEKQPCTNCCXGTÃC&GURW¾UFGTGOGFKCT
[FGUCRCTGEKFCNCEQPFKEKÉPFGRCTCFCFGCNCTOCEQPGEVGGNXQNVCLG[RWNUGNCVGENC 4GCT
(
Ő 2WNUGNCUVGENCU /GPÐ [ 2TKP RCTCXQNXGTCNC2CPVCNNCRTKPEKRCN[TGCTTCPSWGGNEQORTGUQTRQTOGFKQ
FGNDQVÉPFGCTTCPSWG

4GCTOGFGUQDTGECTICFGNOQVQT
Ő &GUEQPGEVGGNXQNVCLG[JCICNCUIGUVKQPGUPGEGUCTKCURCTCUQNWEKQPCTNCCXGTÃC'NTGN¾FGUQDTGECTIC

(UGTGCTOCCWVQO±VKECOGPVGFGURW¾UFGGPHTKCTUGCNEQPVTCTKQGNFKU[WPVQTFGNXGPVKNCFQT
3
FGDGTGCTOCTUGCOCPQ%QPGEVGGNXQNVCLG[RWNUGNCVGENCŋ4GCTŌ
(
Ő 2WNUGNCUVGENCU /GPÐ [ 2TKP RCTCXQNXGTCNC2CPVCNNCRTKPEKRCN[TGCTTCPSWGGNEQORTGUQTRQTOGFKQ
FGNDQVÉPFGCTTCPSWG

'ZKUVGWPOGPUCLGFGCXKUQFGRCTCFCFGCNCTOC
7PPKXGNFGCXKUQFGRCTCFCFGCNCTOCGUWPPKXGNRTQITCOCDNGDCLQGNPKXGNFGRCTCFCFGCNCTOC
Ő 5KGZKUVGWPCXKUQFGRCTCFCFGCNCTOCGUV±GPEGPFKFQGN.'&
.CRCPVCNNCRTKPEKRCNUGECODKCT±C
WPCRCPVCNNCRCTGEKFCCNCSWGUKIWG
ň%QORTGUUQT1WVŉ
5CNKFC
EQORTGU
DCT
ň2CTQŉ ň#XKUQŉ
ň/GPÐŉ ň&GUEŉ
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Ő .QUKPFKECFQTGU
RCTRCFGCP.QUKPFKECFQTGU 2CTQ #XKUQ CRCTGEGPCNVGTPCFCOGPVGEQPNCU
PQVKEKCUSWGKPFKECPUKGNEQORTGUQTOCTEJCGPFGUECTICQECTIC
([NCVGENCFGVCDWNCEKÉP
RCTCUGNGEEKQPCTGNOGPÐFG &CVQUFGGUVCFQ
RCTRCFGCNCQREKÉP 2TQVGEEKÉP
Ő &GURN±EGUGCFKEJCQREKÉP[UGNGEEKÉPGNCRWNUCPFQNCVGENCFGVCDWNCEKÉP
#RCTGEGWPCRCPVCNNC
RCTGEKFCCNCSWGUGOWGUVTCCDCLQ
5CNKFCFGGNGOGPVQ
u%
ň2CTŉ ň/CZŉ
ň/GPÐŉ
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Ő .CRCPVCNNCKPFKECSWGNCVGORGTCVWTCGPNCUCNKFCFGNGNGOGPVQEQORTGUQTGZEGFGGNPKXGNFGCXKUQFG
RCTCFCFGCNCTOCRTQITCOCFQ
Ő 5KGURTGEKUQRCTGGNEQORTGUQTRQTOGFKQFGNDQVÉPFGRCTCFC
[GURGTGJCUVCSWGUGRCTG
GHGEVKXCOGPVG
Ő &GUEQPGEVGGNXQNVCLGTGXKUG[TGCNKEGNCUQRGTCEKQPGUPGEGUCTKCU
Ő 'NOGPUCLGFGCXKUQFGUCRCTGEGT±CWVQO±VKECOGPVGGPEWCPVQFGUCRCTG\ECNCEQPFKEKÉPFGCXKUQ
'ZKUVGWPCXKUQFGUGTXKEKQ
Ő 'N.'&GUV±GPEGPFKFQ
.CRCPVCNNCRTKPEKRCNUGECODKCT±CWPCRCPVCNNCRCTGEKFCCNCSWGUKIWG
ň%QORTGUUQT1WVŉ
5CNKFC
EQORTGU
DCT
ň5GTX4GSWKTŉ
5GTXTGSWGT
ň/GPÐŉ ň&GUEŉ
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Ő .QUKPFKECFQTGU
RCTRCFGCP[NCPQVKEKCFGCXKUQFGUGTXKEKQCRCTGEGCNVGTPCFCOGPVGEQPNCU
PQVKEKCUSWGKPFKECPUKGNEQORTGUQTOCTEJCGPFGUECTICQECTIC
([NCVGENCFGVCDWNCEKÉP
RCTCUGNGEEKQPCTGNOGPÐFG &CVQUFGGUVCFQ
RCTRCFGCNCQREKÉP 5GTXKEKQ
Ő &GURN±EGUGCFKEJCQREKÉP[UGNGEEKÉPGNCRWNUCPFQNCVGENCFGVCDWNCEKÉP
RWGFGSWGRCTRCFGGP
FQUQREKQPGU
Ő 'PVTCFCU UKUGGZEGFGGNPKXGNFGUGTXKEKQRTQITCOCFQFGWPEQORQPGPVG
RGLNCECÃFCFG
RTGUKÉPO±ZKOCFGNUGRCTCFQTFGCEGKVG
Ő 2NCPGU UKUGGZEGFGGNKPVGTXCNQFGWPRNCPFGUGTXKEKQ
Ő 2CTGGNEQORTGUQT[FGUEQPGEVGGNXQNVCLG
Ő 5KNCPQVKEKCFGUGTXKEKQUGTGHKTKÉC 'PVTCFCU
UGRCTCFQTFGCEGKVGTGGORNCEGGNUGRCTCFQTEQPGEVG
GNXQNVCLGFGURN±EGUGGPGNOGPÐFG&CVQUFGGUVCFQC 'PVTCFCU [RWNUGNCVGENC 4GCT RCTCTGCTOCT
NCPQVKEKCFGUGTXKEKQ
Ő 5KGNCXKUQFGUGTXKEKQJCEÃCTGHGTGPEKCC 2NCP TGCNKEGNCUCEEKQPGUFGUGTXKEKQTGNCVKXCUCNQURNCPGU
KPFKECFQU4GCTOGNQUVGORQTK\CFQTGUFGNQURNCPGUEQTTGURQPFKGPVGU2ÉPICUGGPEQPVCEVQEQPGN
%GPVTQFG5GTXKEKQCN%NKGPVGFG#VNCU%QREQ%QPUWNVGNCUGEEKÉP/GPÐ5GTXKEKQ

'ZKUVGWPCPQVKEKCFGCXKUQ
Ő 'UV±GPEGPFKFQGN.'&
[CRCTGEGT±GPNCRCPVCNNCWPOGPUCLGFGCXKUQ
Ő .QUKPFKECFQTGU
RCTRCFGCP[NCPQVKEKCFGCXKUQCRCTGEGCNVGTPCFCOGPVGEQPNCUPQVKEKCUSWG
KPFKECPUKGNEQORTGUQTOCTEJCGPFGUECTICQECTIC'UVGCXKUQKPFKEC
Ő 'PEQORTGUQTGUTGHTKIGTCFQURQTCIWCNCVGORGTCVWTCFGNCIWCFGTGHTKIGTCEKÉPGZEGFGGNPKXGNFG
CXKUQRTQITCOCFQ
Ő 'PEQORTGUQTGU(WNN(GCVWTGEQPUGECFQT+(&NCVGORGTCVWTCFGNRWPVQFGTQEÃQGUFGOCUKCFQCNVC
GPTGNCEKÉPEQPNCVGORGTCVWTCCODKGPVG
Ő 'P)#9QTMRNCEG((EQPUGECFQT+%&NCVGORGTCVWTCFGNRWPVQFGTQEÃQGZEGFGGNPKXGNFGCXKUQ
Ő 'P)#9QTMRNCEG((EQP+%&NCRTGUKÉPFGNQUTGEKRKGPVGUFGNUGECFQTGUKPHGTKQTCNNÃOKVGOÃPKOQ
QUWRGTKQTCNNÃOKVGO±ZKOQ
Ő 2CTGGNEQORTGUQT[FGUEQPGEVGGNXQNVCLG+PURGEEKQPGGNEQORTGUQT[UQNWEKQPG
/GPÐ&CVQUOGFKFQU
2CPGNFGEQPVTQN
(WPEKÉP
+PXQECTKPHQTOCEKÉPCEGTECFGNQUFCVQUOGFKFQUCEVWCNOGPVG[GNGUVCFQFGCNIWPCUGPVTCFCURGL
RTQVGEEKÉPFGUQDTGECTICFGNOQVQT%QPUWNVGGNHNWLQFGOGPÐUGPNCUGEEKÉP2TQITCOCUFGEQPVTQN
2TQEGFKOKGPVQ
(
Ő 2WNUGNCVGENCEQPHNGEJCCDCLQ
JCUVCSWG &CVQUOGFKFQU CRCTG\ECUGIWKFQFGWPCHNGEJC
JQTK\QPVCN
Ő #EVKXGGNOGPÐRWNUCPFQNCVGENCFGVCDWNCEKÉP

Ő #NRWNUCTNCUVGENCUFGFGURNC\COKGPVQ
GPEQPVTCT±WPPÐOGTQFGFCVQUCEVWCNOGPVGOGFKFQU
Ő 5KWPQFGNQUUGPUQTGUXCEQPGEVCFQCWPCHWPEKÉPFGRCTCFCFGCNCTOCUGTXKEKQQCXKUQGURQUKDNG
KPXQECTVCPVQGNXCNQTCEVWCNOGPVGOGFKFQEQOQGNPKXGNEQTTGURQPFKGPVGFGRCTCFCFGCNCTOCCXKUQ
QUGTXKEKQEQPVCPUÉNQRWNUCTNCVGENC

/GPÐ%QPVCFQTGU
2CPGNFGEQPVTQN
(WPEKÉP
2CTCKPXQECT
Ő .CUJQTCUFGHWPEKQPCOKGPVQ
Ő .CUJQTCUFGECTIC
Ő 'NPÐOGTQFGCTTCPSWGUFGNOQVQT
Ő 'NPÐOGTQFGJQTCUSWGGNTGIWNCFQT
OÉFWNQJCGUVCFQDCLQVGPUKÉP
Ő 'NPÐOGTQFGEKENQUFGECTIC
2TQEGFKOKGPVQ
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JCUVCSWGNCQREKÉP %QPVCFQTGU XC[CUGIWKFCFGWPCHNGEJC
JQTK\QPVCN
RCTCCEVKXCTGNOGPÐ
Ő #NRWNUCTNCVGENCEQPHNGEJC
UGRWGFGPGPEQPVTCTNQUFCVQUOGPEKQPCFQUCPVGTKQTOGPVG
'LGORNQFGWPCRCPVCNNC%QPVCFQTGU
ň*QTCU(PEVQŉ
ňJTUŉ ňJTUŉ

ň/GPÐŉ
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/GPÐ2TWGDC
2CPGNFGEQPVTQN
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.NGXCTCECDQWPCRTWGDCFGFKURNC[GUFGEKTEQORTQDCTUKGNFKURNC[[NQU.'&UKIWGPKPVCEVQU
2CTCEQORTGUQTGUEQP'9&
FKURQUKVKXQUFGFTGPCLGGNGEVTÉPKEQEQORTQDCTGN'9&
2TQEGFKOKGPVQ
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JCUVCSWGNCQREKÉP 2TWGDC XC[CUGIWKFCFGWPCHNGEJCJQTK\QPVCN

Ő .CQREKÉP 2TQDCTRCPVCNNC UGT±UGIWKFCFGWPCHNGEJCJQTK\QPVCN
Ő 2CTCRTQDCTGNFKURNC[RWNUGNCVGENC
&WTCPVGNCRTWGDCGNTGIWNCFQTIGPGTCT±WPCUGTKGFG
RCVTQPGUGPGNFKURNC[SWGRGTOKVGPCNWUWCTKQEQORTQDCTSWGECFCRÃZGNHWPEKQPCCÐPFGHQTOC
PQTOCNNQU.'&UGGPEKGPFGPCNCXG\
Ő 2CTCRTQDCTNQUFKURQUKVKXQUGNGEVTÉPKEQUFGFTGPCLGFGCIWCRWNUGNCVGENCEQPHNGEJCCDCLQJCUVCSWG
NCQREKÉP 2WTICGNGEVTÉP CRCTG\ECUGIWKFCFGWPCHNGEJCJQTK\QPVCN
RCTCCEVKXCTGNOGPÐ
Ő 2WNUGNCVGENC #TTCPSWG 8GTKHKSWGSWGUGCDTGNCX±NXWNCRCTCFGUECTICTEQPFGPUCFQ5WGNVGNCVGENC
#TTCPSWG FGURW¾UFGNCRTWGDC
Ő 2WNUGNCVGENC #VT± RCTCXQNXGTCNOGPÐCPVGTKQT
(RCTCXQNXGTCNUWDOGPÐ
/GPÐ/QFKHKECEKÉPFGRCT±OGVTQU
(WPEKÉP
/QFKHKECTWPPÐOGTQFGCLWUVGURTQITCOCDNGU
Ő 2CT±OGVTQU
X¾CUGNCUGEEKÉP/QFKHKECTRCT±OGVTQU
Ő 2TQVGEEKQPGU
X¾CUGNCUGEEKÉP/QFKHKECTRTQVGEEKQPGU
Ő #LWUVGUFGRNCPGUFGUGTXKEKQ
X¾CUGNCUGEEKÉP/QFKHKECTNQUCLWUVGUFGRNCPGUUGTXKEKQ

Ő #LWUVGUFGNCHWPEKÉPFGTGNQL
X¾CUGNCUGEEKÉP/QFKHKECTNQUCLWUVGUFGNCHWPEKÉPFGTGNQL
Ő #LWUVGUFGEQPHKIWTCEKÉP
X¾CUGNCUGEEKÉP/QFKHKECTNQUCLWUVGUFGEQPHKIWTCEKÉP
/QFKHKECEKÉPFGRCT±OGVTQU
2CPGNFGEQPVTQN
(WPEKÉP
/QFKHKECTWPPÐOGTQFGRCT±OGVTQU%QPUWNVGGNHNWLQFGOGPÐUGPNCUGEEKÉP2TQITCOCUFGEQPVTQN
2TQEGFKOKGPVQ
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JCUVCSWG /QFKHKERCT±OGV XC[CUGIWKFCFGWPCHNGEJCJQTK\QPVCN

Ő 'NRTKOGTEQORQPGPVG 2CT±OGVTQU CRCTGEGT±UGIWKFQFGWPCHNGEJCJQTK\QPVCN
UGOQUVTCT±PGNRTKOGTEQORQPGPVG 2TGUKÉPECTIC [UWCLWUVG
JCUVCSWGGNRCT±OGVTQSWGUGXCCOQFKHKECTCRCTG\ECUGIWKFQFG
WPCHNGEJCJQTK\QPVCN
/QFKHKECTRTGUKQPGUFGECTIC[FGUECTIC
5KCUÃUGFGUGCGNQRGTCFQTRWGFGRTQITCOCTFQUDCPFCUFGRTGUKÉP
DCPFC[DCPFCEQPRTGUKQPGU
FGECTIC[FGUECTICFKHGTGPVGU.QUCLWUVGURCTCNCDCPFCXCPKPFKECFQU 2TGUKÉPECTIC [ 2TGUKÉP
FGUECTI NQUCLWUVGURCTCNCDCPFCXCPKPFKECFQU 2TGUECTIC [ 2TGUFGUECTIC
'LGORNQ
2CTCNCDCPFCFGRTGUKÉP
Ő 2TGUKÉPFGECTICDCT
Ő 2TGUKÉPFGFGUECTICDCT
2CTCNCDCPFCFGRTGUKÉP
Ő 2TGUKÉPFGECTICDCT
Ő 2TGUKÉPFGFGUECTICDCT
2TQEGFKOKGPVQ

Ő %QPUWNVGNCUGEEKÉP2TQEGFKOKGPVQCPVGTKQTRCTCUGNGEEKQPCTNC 2TGUKÉPECTIC
2TGUKÉPFGECTIC
DCT

/GPÐ /QF
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Ő .CRCPVCNNCKPFKECSWGGNCLWUVGEQTTKGPVGGUFGDCT
G2CTCOQFKHKECTGNCLWUVGRWNUGNCVGENC
/QF
(RCTRCFGCT±GNCLWUVG
Ő %QPC[WFCFGNCVGENC .ÃO
(UGRWGFGPGPEQPVTCTNCUNKOKVCEKQPGURCTCGNRCT±OGVTQ
Ő %CODKGGNCLWUVGEQPC[WFCFGNCUVGENCUFGFGURNC\COKGPVQ

Ő 2WNUGNCVGENC 2TQI
(RCTCRTQITCOCTGNPWGXQCLWUVGQNCVGENC %CPE
(RCTCECPEGNCTGN
RTQEGFKOKGPVQFGOQFKHKECEKÉP
Ő 'NRTQEGFKOKGPVQRCTCOQFKHKECTNC2TGUKÉPFGFGUECTICGURCTGEKFQ
Ő 5KGUPGEGUCTKQTGRKVCGNRTQEGFKOKGPVQRCTCNCDCPFCFGRTGUKÉP
Ő 'NRTQEGFKOKGPVQRCTCOQFKHKECTQVTQURCT±OGVTQUGURCTGEKFQ
'NTGIWNCFQTUGPGICT±CCEGRVCTPWGXQUXCNQTGUHWGTCFGNQUNÃOKVGU2WNUGNCVGENC .KO
RCTCEQORTQDCTNCUNKOKVCEKQPGUFGNRCT±OGVTQ%QPUWNVG#LWUVGURTQITCOCDNGURCTC
EQPQEGTNQUCLWUVGUO±UKORQTVCPVGU
/QFKHKECEKÉPFGNQUCLWUVGUFGRTQVGEEKÉP
2CPGNFGEQPVTQN
(WPEKÉP
/QFKHKECTCLWUVGUFGRTQVGEEKÉP
Ő 2CTCFCFGCNCTOC
2TF RQTGLGORNQRCTCNCVGORGTCVWTCFGUCNKFCFGNGNGOGPVQEQORTGUQT
Ő #XKUQFGRCTCFCFGCNCTOC
2TFC RQTGLGORNQRCTCNCVGORGTCVWTCFGUCNKFCFGNGNGOGPVQ
EQORTGUQT
Ő #XKUQ
#XKU RQTGLGORNQNCVGORGTCVWTCFGNCIWCFGNQUEQORTGUQTGUTGHTKIGTCFQURQTCIWC
Ő #XKUQ
#XKU RQTGLGORNQGNRWPVQFGTQEÃQFGRTGUKÉPO±ZKOC

Ő #XKUQFGUGTXKEKQ
5GTX RQTGLGORNQRCTCNCECÃFCFGRTGUKÉPO±ZKOCUQDTGGNUGRCTCFQTFGCEGKVG
%QORTQDCTCNIWPCUEQPFKEKQPGUFGNEQORTGUQTRGLGNGUVCFQFGNQUEQPVCEVQUFGUQDTGECTICFGNOQVQT
#NIWPQURCT±OGVTQUPQRWGFGPOQFKHKECTUG
2TQEGFKOKGPVQ
(

JCUVCSWGNCQREKÉP 2TQVGEEKQPGU XC[CUGIWKFCFGWPCHNGEJC
JQTK\QPVCN
UGOQUVTCT±PGNRTKOGTEQORQPGPVG[UWCLWUVG
JCUVCSWGGNEQORQPGPVGSWGUGXCCOQFKHKECTXC[CUGIWKFQFG
WPCHNGEJCJQTK\QPVCN[CEQPVKPWCEKÉPRWNUGNCVGENCFGVCDWNCEKÉP

/QFKHKECTCLWUVGUFGVGORGTCVWTCFGNGNGOGPVQEQORTGUQT
Ő %QPUWNVGNCUGEEKÉP2TQEGFKOKGPVQRCTCUGNGEEKQPCTGNRCT±OGVTQ 5CNKFC'NGOGPVQ 'LGORNQ
5CNKFCGNGOGPVQ
u%
5JF/CZ
2TF/±Z
/GPÐ /QF
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Ő .CRCPVCNNCOWGUVTCNCVGORGTCVWTCCEVWCN
u%[GNCLWUVGFGRCTCFCFGCNCTOC
u%2CTC
OQFKHKECTGUVGCLWUVGRWNUGNCVGENC /QF
(GNCLWUVGRCTRCFGCT±
Ő %QPC[WFCFGNCVGENC .ÃO
(UGRWGFGPGPEQPVTCTNCUNKOKVCEKQPGURCTCGNRCT±OGVTQ
Ő %CODKGGNCLWUVGEQPC[WFCFGNCUVGENCUFGFGURNC\COKGPVQ

(RCTCECPEGNCTGN
Ő .CRCPVCNNCOWGUVTCWPCHNGEJCJQTK\QPVCNSWGKPFKECSWGGNXCNQTFGNCXKUQFGRCTCFCFGCNCTOCRWGFG
OQFKHKECTUG
GNRTQEGFKOKGPVQGUUKOKNCTCNCFGUETKREKÉPCPVGTKQT
Ő 'NRTQEGFKOKGPVQRCTCOQFKHKECTQVTQUEQORQPGPVGUGURCTGEKFQ2CTCCNIWPQUCLWUVGUGURQUKDNG
RTQITCOCTWPTGVTCUQ
'NTGIWNCFQTUGPGICT±CCEGRVCTPWGXQUXCNQTGUHWGTCFGNQUNÃOKVGU2WNUGNCVGENC
.ÃO RCTCEQORTQDCTNCUNKOKVCEKQPGUFGNRCT±OGVTQ%QPUWNVG#LWUVGURTQITCOCDNGU
RCTCEQPQEGTNQUCLWUVGUO±UKORQTVCPVGU

/QFKHKECEKÉPFGRNCPGUFGUGTXKEKQ
2CPGNFGEQPVTQN
(WPEKÉP
/QFKHKECTNQUKPVGTXCNQUFGJQTCURCTCNQUPKXGNGUFGUGTXKEKQ
2NCPGUFGUGTXKEKQ
.CUQRGTCEKQPGUFGUGTXKEKQSWGFGDGPTGCNK\CTUGXCPCITWRCFCUGPRNCPGUNNCOCFQU0KXGNFGUGTXKEKQ#
$%Q&#NCNECP\CTWPKPVGTXCNQCRCTGEGT±WPCPQVKEKCGPNCRCPVCNNCSWGKPFKECSW¾2NCPGUFGUGTXKEKQ
FGDGPTGCNK\CTUG
%QPUWNVGUKGORTGCN%GPVTQFG5GTXKEKQCN%NKGPVGFG#VNCU%QREQRCTCOQFKHKECTGN
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Ő 'NNWPGUCNCUCTTCPECGPNCDCPFCFGRTGUKÉP
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CRCTG\ECUGIWKFQFGWPCHNGEJCJQTK\QPVCN2WNUGNCVGENCFGVCDWNCEKÉP
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UKIWKGPVG

/GPÐ /QF $QTT
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RCTCKPVTQFWEKT2WNUGNCVGENCFGVCDWNCEKÉP
RCTCFGURNC\CTUGCNCUFQUTC[CUSWGUKIWGP2WNUG
NCUVGENCUFGFGURNC\COKGPVQRCTCKPVTQFWEKT2WNUGNCVGENCFGVCDWNCEKÉPRCTCFGURNC\CTUGCNCHKNC
FGTC[CU2WNUGNCUVGENCUFGFGURNC\COKGPVQRCTCKPVTQFWEKTGNOCPFQ #TTCPSWG
Ő 2WNUGNCVGENC 2TQI RCTCRTQITCOCTGNOCPFQ #TTCPSWG
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EQORTGUQT EQPC[WFCFGNCUVGENCUFGFGURNC\COKGPVQ
RCTCOQFKHKECTWPECORQ[NCVGENCFG
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#ÇCFKTWPOCPFQGPVTGFQUOCPFQUGZKUVGPVGU
5WRQPICOQUGNOCPFQ $CPFCFGRTGUKÉP FGDGCÇCFKTUGCNCNKUVCSWGUKIWG
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&GURN±EGUGRQTGNFKURNC[JCUVCSWGGNOCPFQCPVGUFGNEWCNFGDGKPVTQFWEKTUGGNPWGXQXC[CUGIWKFQFG
NCHNGEJCJQTK\QPVCN
GPGNGLGORNQCTTKDC2CTCTEQORTGUQT[RWNUGNCVGENC /QF
%CODKGFKEJQOCPFQCNPWGXQOCPFQ
GPGNGLGORNQCTTKDC $CPFCFGRTGUKÉP
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GPGNGLGORNQUWRGTKQT
2CTCTEQORTGUQT [CEQPVKPWCEKÉPRWNUGNCVGENC 2TQI
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SWGNCQREKÉP /QFKHKERCT±OGV XC[CUGIWKFCFGWPCHNGEJCJQTK\QPVCN

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DQTTCT
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Ő &GURN±EGUGRQTGNFKURNC[JCUVCSWGGNFÃCSWGNGKPVGTGUGCRCTG\ECUGIWKFQFGWPCHNGEJCJQTK\QPVCN
2WNUGNCVGENC $QTT CRCTGEGT±WPCRTGIWPVCRCTCSWGEQPHKTOGNCQRGTCEKÉPFGDQTTCT
$QTTCTWPOCPFQGURGEÃHKEQ
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2CPGNFGEQPVTQN

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JCUVCSWG /QFKHKERCT±OGV XC[CUGIWKFCFGWPCHNGEJCJCEKCNC
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JCUVCSWG %QPHKIWTCEKÉP XC[CUGIWKFCFGWPCHNGEJCJQTK\QPVCN
CRCTGEGT±GNRTKOGTEQORQPGPVG *QTC 5KUG
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OQFKHKECTGNCLWUVGRWNUGNCVGENC /QF
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RCTCECODKCTGNCLWUVG[FGURW¾URWNUGNCVGENCFGVCDWNCEKÉP

RCTCKTCNECORQUKIWKGPVG #JQTCUGRWGFGOQFKHKECTGNCLWUVGFGFKEJQECORQEQPC[WFCFG
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(RCTCRTQITCOCTGNXCNQTPWGXQQNCVGENC %CPE
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2CPGNFGEQPVTQN
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JCUVCSWG /QFKHKERCT±OGV XC[CUGIWKFCFGWPCHNGEJCJCEKCNC
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JCUVCSWG %QPHKIWTCEKÉP XC[CUGIWKFCFGWPCHNGEJCJQTK\QPVCN
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2NCPGUFGUGTXKEKQ +PVGTXCNQU
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HWPEKQPCOKGPVQ
Ő 2CTGGNEQORTGUQTFGUEQPGEVGGNXQNVCLG[NNGXGCECDQNCUCEEKQPGUFGUGTXKEKQTGNCEKQPCFQUEQPNQU
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EQORTGUQTGUFG RUKI
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EQORTGUQTGUFG DCT
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EQORTGUQTGUFG DCT
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RUK
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EQORTGUQTGUFG RUKI
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EQORTGUQTGUFG DCT
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RUK
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EQORTGUQTGUFG RUKI
RUK
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EQORTGUQTGUFG DCT
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RUK
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EQORTGUQTGUFG RUKI
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EQORTGUQTGUFG DCT
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RUK
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EQORTGUQTGUFG RUKI
RUK
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2TGUKÉPFGECTIC
EQORTGUQTGUFG DCT
G
DCT
2TGUKÉPFGECTIC
EQORTGUQTGUFG RUKI
DCT


2TGUKÉPFGECTIC
EQORTGUQTGUFG DCT
G
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2TGUKÉPFGECTIC
EQORTGUQTGUFG RUKI
DCT
2TGUKÉPFGECTIC
EQORTGUQTGUFG DCT
G
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2TGUKÉPFGECTIC
EQORTGUQTGUFG RUKI
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2TGUKÉPFGECTIC
EQORTGUQTGUFG DCT
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RUK
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EQORTGUQTGUFG RUKI
RUK
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EQORTGUQTGUFG DCT
G
RUK
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EQORTGUQTGUFG RUKI
RUK
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EQORTGUQTGUFG DCT
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RUK
2TGUKÉPFGECTIC
EQORTGUQTGUFG RUKI
RUK
2TGUKÉPFGECTIC
EQORTGUQTGUFG DCT
G
RUK
2TGUKÉPFGECTIC
EQORTGUQTGUFG RUKI
RUK
2CT±OGVTQURTGUKQPGUFGFGUECTICECTICRCTC)#9QTMRNCEG((EQP+(&

2TGUKQPGUFGFGUECTIC
2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG DCT
G
DCT
2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG RUKI
DCT
2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG DCT
G
DCT
2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG RUKI
DCT
2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG DCT
G
DCT
2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG RUKI
DCT
2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG DCT
G
RUK
2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG RUKI
RUK


2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG DCT
G
RUK
2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG RUKI
RUK
2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG DCT
G
RUK
2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG RUKI
RUK
2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG DCT
G
RUK
2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG RUKI
RUK
2TGUKQPGUFGECTIC
2TGUKÉPFGECTIC
EQORTGUQTGUFG DCT
G
DCT
2TGUKÉPFGECTIC
EQORTGUQTGUFG RUKI
DCT
2TGUKÉPFGECTIC
EQORTGUQTGUFG DCT
G
DCT
2TGUKÉPFGECTIC
EQORTGUQTGUFG RUKI
DCT
2TGUKÉPFGECTIC
EQORTGUQTGUFG DCT
G
DCT
2TGUKÉPFGECTIC
EQORTGUQTGUFG RUKI
DCT
2TGUKÉPFGECTIC
EQORTGUQTGUFG DCT
G
RUK
2TGUKÉPFGECTIC
EQORTGUQTGUFG RUKI
RUK
2TGUKÉPFGECTIC
EQORTGUQTGUFG DCT
G
RUK
2TGUKÉPFGECTIC
EQORTGUQTGUFG RUKI
RUK
2TGUKÉPFGECTIC
EQORTGUQTGUFG DCT
G
RUK
2TGUKÉPFGECTIC
EQORTGUQTGUFG RUKI
RUK
2TGUKÉPFGECTIC
EQORTGUQTGUFG DCT
G
RUK
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EQORTGUQTGUFG RUKI
RUK

2CT±OGVTQU

6KGORQFGHWPEKQPCOKGPVQGPGUVTGNNCFGN UGI
OQVQT
6KGORQFGTGVTCUQFGECTIC
GUVTGNNC UGI
VTK±PIWNQ
0ÐOGTQFGCTTCPSWGUFGNOQVQT CTTCPSWGUFÃC
6KGORQFGRCTCFCOÃPKOQ UGI
6KGORQFGRCTCFCRTQITCOCFQ UGI
6KGORQFGTGUVCDNGEKOKGPVQFGRQVGPEKC UGI

#4#8(
4GVTCUQFGTGCTTCPSWG UGI
6KGORQNÃOKVGFGEQOWPKECEKÉP UGI
2TQVGEEKQPGU

6GORGTCVWTCFGUCNKFCFGNGNGOGPVQ u%
EQORTGUQT
PKXGNFGCXKUQFGRCTCFCFG
CNCTOC
6GORGTCVWTCFGUCNKFCFGNGNGOGPVQ u(
EQORTGUQT
PKXGNFGCXKUQFGRCTCFCFG
CNCTOC
6GORGTCVWTCFGUCNKFCFGNGNGOGPVQ u%
EQORTGUQT
PKXGNFGRCTCFCFGCNCTOC
6GORGTCVWTCFGUCNKFCFGNGNGOGPVQ u(
EQORTGUQT
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2CTC)#C)#% #LWUVG #LWUVGFG #LWUVG

5GRCTCFQTFGCEGKVG
FKHGTGPEKCFG DCT
RTGUKÉP
5GRCTCFQTFGCEGKVG
FKHGTGPEKCFG RUK
RTGUKÉP
5GRCTCFQTFGCEGKVG
TGVTCUQCUGÇCN UGI
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VCODK¾P OÃPKOQ H±DTKEC O±ZKOQ
4GVTCUQCNCUGÇCN UGI
4GVTCUQCNCTTCPSWG UGI

2CTCEQORTGUQTGUTGHTKIGTCFQURQTCIWC #LWUVG #LWUVGFG #LWUVG

6GORGTCVWTCFGGPVTCFCFGNCIWCFG u%
TGHTKIGTCEKÉP
PKXGNFGCXKUQ
6GORGTCVWTCFGGPVTCFCFGNCIWCFG u(
TGHTKIGTCEKÉP
PKXGNFGCXKUQ
6GORGTCVWTCFGUCNKFCFGNCIWCFG u%
TGHTKIGTCEKÉP
PKXGNFGCXKUQ
6GORGTCVWTCFGUCNKFCFGNCIWCFG u(
TGHTKIGTCEKÉP
PKXGNFGCXKUQ
4GVTCUQCNCUGÇCNFGCXKUQ UGI
4GVTCUQGPGNCTTCPSWG UGI
2CTCEQORTGUQTGU(WNN(GCVWTGEQP+%& #LWUVG #LWUVGFG #LWUVG

2TGUKÉPOÃPKOCFGNTGEKRKGPVGFGNUGECFQT DCT
FWTCPVGGNUGECFQ
PKXGNFGCXKUQ
2TGUKÉPOÃPKOCFGNTGEKRKGPVGFGNUGECFQT RUK
FWTCPVGGNUGECFQ
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2TGUKÉPO±ZKOCFGNTGEKRKGPVGFGN DCT
UGECFQTFWTCPVGGNUGECFQ
PKXGNFG
CXKUQ
2TGUKÉPO±ZKOCFGNTGEKRKGPVGFGN RUK
UGECFQTFWTCPVGGNUGECFQ
PKXGNFG
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FGCXKUQ
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2NCPFGUGTXKEKQ
%QPUWNVGVCODK¾PNCUGEEKÉP2TQITCOCFGOCPVGPKOKGPVQRTGXGPVKXQ
%QPUWNVGC#VNCU%QREQUKJC[SWGECODKCTWPCLWUVGFGVGORQTK\CFQT.QUKPVGTXCNQUPQRWGFGPGZEGFGT
NQUKPVGTXCNQUPQOKPCNGU[FGDGPEQKPEKFKTNÉIKECOGPVG%QPUWNVGNCUGEEKÉP/QFKHKECEKÉPFG2NCPGUFG
UGTXKEKQ


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JQTCUFG JQTCU
HWPEKQPCOKGPVQ
2NCPFGUGTXKEKQ$
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HWPEKQPCOKGPVQ
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HWPEKQPCOKGPVQ
6GTOKPQNQIÃC
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6GORGTCVWTCFG 'NTGIWNCFQTUGPGICT±CCEGRVCTCLWUVGUKNÉIKEQURGLUKGNPKXGNFGCXKUQGUV±
UCNKFCFGN RTQITCOCFQCu%u(GNNÃOKVGOÃPKOQFGNPKXGNFGRCTCFCUGECODKCT±C
GNGOGPVQ u%u(.CFKHGTGPEKCTGEQOGPFCFCGPVTGGNPKXGNFGCXKUQ[GNPKXGNFGRCTCFC
EQORTGUQT FGCNCTOCGUFGu%u(
4GVTCUQCNC 'UGNRGTÃQFQFWTCPVGGNEWCNFGDGGZKUVKTNCUGÇCNCPVGUFGSWGUGRCTGGN
UGÇCNFGRCTCFC EQORTGUQT5KGUPGEGUCTKQSWGUGRTQITCOGGUVGCLWUVGCQVTQXCNQTEQPUWNVGC
FGCNCTOC #VNCU%QREQ
5GRCTCFQTFG 7VKNKEGÐPKECOGPVGUGRCTCFQTGUFGCEGKVGFG#VNCU%QREQ.CO±ZKOCFKHGTGPEKCFG
CEGKVG RTGUKÉPTGEQOGPFCFCGUFGDCTRUK
6KGORQFG 'UGNRGTÃQFQFWTCPVGGNEWCNFGDGTGUVCDNGEGTUGGNXQNVCLGRCTCXQNXGTCCTTCPECT
TGUVCDNGEKOKGPVQ CWVQO±VKECOGPVG#EEGUKDNGUKGUV±CEVKXCFQGNTGCTTCPSWGCWVQO±VKEQ%QPUWNVG
FGRQVGPEKC 4GIWNCFQT'NGMVTQPKMQP++2CTCCEVKXCTNCHWPEKÉPFGTGCTTCPSWGCWVQO±VKEQEQPUWNVG
#VNCU%QREQ
6KGORQFG 7PCXG\RCTCFQCWVQO±VKECOGPVGGNEQORTGUQTSWGFCT±RCTCFQRQTGNVKGORQ
RCTCFCOÃPKOQ OÃPKOQFGRCTCFC
UGIWPFQUCRTQZKOCFCOGPVGRCUGNQSWGRCUGEQPNCRTGUKÉP
FGNCTGFFGCKTG%QPUWNVGC#VNCU%QREQUKTGSWKGTGWPCLWUVGKPHGTKQTC
UGIWPFQU
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FGUECTICECTIC RTQITCOCFCCDCT
GRUKIGNNÃOKVGO±ZKOQFGNCRTGUKÉPFGECTICUG
ECODKCT±CDCT
GRUKI.COÃPKOCFKHGTGPEKCFGRTGUKÉPTGEQOGPFCFCGPVTG
ECTIC[FGUECTICGUFGDCTRUKI

#LWUVGUFGECTICFGUECTICRCTC+%&
u%
2CT±OGVTQURTGUKQPGUFGFGUECTICECTICRCTC)#*\9QTMRNCEG((EQP+%&
RWPVQFGTQEÃQu%
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OÃPKOCFG PQOKPCNFG O±ZKOCFG OÃPKOCFG PQOKPCNFG O±ZKOCFG
FGUECTIC FGUECTIC FGUECTIC ECTIC ECTIC ECTIC
DCT
G DCT
G DCT
G DCT
G DCT
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5GRCTCFQTFGCEGKVGEQPFGPUCFQ15&
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2TQEGFKOKGPVQ
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UKUVGOCFGUCNKFCFGCKTGCDTKGPFQNCX±NXWNCFGFTGPCLGOCPWCNFGEQPFGPUCFQ
&OEQPUWNVGNC
UGEEKÉP+PVTQFWEEKÉPRCTCEQPQEGTNCWDKECEKÉPFGNCX±NXWNCFGFTGPCLG
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&CJCUVCNCEQPGZKÉP
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.CECTTQEGTÃCFGNEQORTGUQTGUV±FQVCFCFGWPQTKHKEKQEQPVCRÉP
&E'ZVTCKICGUVGVCRÉPGKPUVCNG
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%QPGEVGGNVWDQFGCIWC
CNNCFQRQUVGTKQTFGNCEQRNCOKGPVQ
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'ZVTCKICNCVCRC
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#PVGUFGNNGXCTCECDQEWCNSWKGTQRGTCEKÉPFGOCPVGPKOKGPVQTGRCTCEKÉPQCLWUVG
RTQEGFCFGNCUKIWKGPVGOCPGTC
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EQPFGPUCFQUKGZKUVG
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2CTCQDVGPGTKPUVTWEEKQPGUFGVCNNCFCUEQPUWNVG5QNWEKÉPFGRTQDNGOCU
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+PVGTKQTFG15&
Ő #PVGUFGCTTCPECTEQORTWGDGSWGGNTGEKRKGPVG
GUV±NNGPQ5KGUPGEGUCTKQXKGTVCCIWCGPGN
EQPFWEVQFGTGNNGPQ
JCUVCSWGHNW[CCVTCX¾UFGNVWDQ
8WGNXCCKPUVCNCTNCVCRC
Ő &WTCPVGGNHWPEKQPCOKGPVQFGNEQORTGUQTUGCEWOWNCWPCECRCFGCEGKVGUQDTGGNPKXGNFGNCIWCFGN
TGEKRKGPVG
'PHWPEKÉPFGNCECRCEKFCFFGNEQORTGUQT[FGUWEKENQQRGTCVKXQNCJWOGFCFFGNCKTG
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FGSWGUGRWGFCQDUGTXCTWPPKXGNFGCEGKVGGPGNEQNGEVQT

Ő 2GTKÉFKECOGPVGEQORTWGDGSWGGNTGEKRKGPVG
GUV±NNGPQ5KGUPGEGUCTKQXKGTVCCIWCGPGN
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UCNKFCFGCKTGFGURTGUWTKEGGNUKUVGOCFGUCNKFCCDTKGPFQNC
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+PUVCNGGNEQORTGUQTUQDTGWPUWGNQPKXGNCFQ[UÉNKFQSWGRWGFCUQRQTVCTUWRGUQ
2QUKEKÉPFGNCX±NXWNCFGUCNKFCFGCKTGEQORTKOKFQ
5GRWGFGECNEWNCTNCECÃFCFGRTGUKÉPGPGNVWDQFGUCNKFCFGCKTGFGNCOCPGTCUKIWKGPVG
FR
.ZZ3E
FZR
FFK±OGVTQKPVGTKQTFGNVWDQFGUCNKFCGPOO
FRECÃFCFGRTGUKÉP
O±ZKOQTGEQOGPFCFQDCTRUK
.NQPIKVWFFGNVWDQFGUCNKFCGPO
RRTGUKÉPCDUQNWVCGPNCUCNKFCFGNEQORTGUQTGPDCT
C
3EUWOKPKUVTQFGCKTGNKDTGFGNEQORTGUQTGPNU
5GTGEQOKGPFCEQPGEVCTGNVWDQFGUCNKFCFGCKTGFGNEQORTGUQTGPEKOCFGNVWDQRTKPEKRCNFGNCTGF
FGCKTGCHKPFGTGFWEKTCWPOÃPKOQGNCTTCUVTGFGRQUKDNGUTGUVQUFGEQPFGPUCFQ
8GPVKNCEKÉPNCURCTTKNNCUFGCURKTCEKÉP[GNXGPVKNCFQTFGDGPKPUVCNCTUGFGHQTOCSWGUGGXKVGNC
TGEKTEWNCEKÉPFGNCKTGFGTGHTKIGTCEKÉPCNEQORTGUQT.CXGNQEKFCFO±ZKOCFGNCKTGCVTCX¾UFGNCU
RCTTKNNCUGUFGOU
HVU
.CO±ZKOCECÃFCFGRTGUKÉPCFOKUKDNGUQDTGNQUEQPFWEVQUFGCKTGFGTGHTKIGTCEKÉPGUFG2C

KPYE
5KCNECP\CWPXCNQTUWRGTKQTUGPGEGUKVCWPXGPVKNCFQTGPNCUCNKFCFGNQUEQPFWEVQU%QPUWNVGC
#VNCU%QREQ
2CTCNCUCNVGTPCVKXCU[FGEQORTGUQTGUTGHTKIGTCFQURQTCKTG)#C)#%NCECRCEKFCFFG
XGPVKNCEKÉPPGEGUCTKCRCTCNKOKVCTNCVGORGTCVWTCGPNCUCNCFGEQORTGUQTGURWGFGECNEWNCTUGFGNC
OCPGTCUKIWKGPVG
Ő 3X0F6RCTCEQORTGUQTGU)#9QTMRNCEG9QTMRNCEG(WNN(GCVWTGEQP+%&
Ő 3X
0 F6RCTCEQORTGUQTGU)#9QTMRNCEG(WNN(GCVWTGEQP+(&
3XECRCEKFCFFGXGPVKNCEKÉPTGSWGTKFCGPOU
0GPVTCFCCNGLGFGNEQORTGUQTGPM9
F6CWOGPVQFGVGORGTCVWTCGPUCNCFGNEQORTGUQT
2CTCNCUCNVGTPCVKXCU[NCECRCEKFCFFGNXGPVKNCFQTFGDGKIWCNCTNCECRCEKFCFFGNXGPVKNCFQTFGN
EQORTGUQTCWPCECTICFGRTGUKÉPKIWCNCNCECÃFCFGRTGUKÉPUQDTGNQUEQPFWEVQUFGCKTG
2CTCEQORTGUQTGUTGHTKIGTCFQURQTCIWC)#C)#%NCECRCEKFCFFGXGPVKNCEKÉPPGEGUCTKCRCTC
NKOKVCTNCVGORGTCVWTCGPNCUCNCFGEQORTGUQTGURWGFGECNEWNCTUGFGNCOCPGTCUKIWKGPVG
Ő 3X0F6RCTCEQORTGUQTGU)#9QTMRNCEG
Ő 3X
0 F6RCTCEQORTGUQTGU)#(WNN(GCVWTGEQP+(&
.QUVWDQUFGFTGPCLGCNEQNGEVQTPQFGDGPGPVTCTGPEQPVCEVQEQPGNCIWCFGNEQNGEVQT#VNCU%QREQ
FKURQPGFGUGRCTCFQTGUFGCEGKVGCIWC
VKRQ15&RCTCUGRCTCTNCOC[QTRCTVGFGNCEGKVGFGN
EQPFGPUCFQCHKPFGCUGIWTCTSWGGNEQPFGPUCFQEWORNGNQUTGSWKUKVQUFGNCNGIKUNCEKÉP
OGFKQCODKGPVCN
2QUKEKÉPFGRCPGNFGEQPVTQN
2QUKEKÉPFGGPVTCFCFGNECDNGFGUWOKPKUVTQ
'SWKRCOKGPVQRCTCGPVTCFC[UCNKFCFGUKUVGOCFGTGEWRGTCEKÉPFGGPGTIÃC
QREKQPCN

(KNVTQVKRQ&&HKNVTCEKÉPEQPHKPGUIGPGTCNGU'NHKNVTQGNKOKPCRCTVÃEWNCUUÉNKFCUJCUVCOKETÉOGVTQ
[EQPVGPKFQUFGCEGKVGTGUKFWCNO±ZKOQUFGOIO'URQUKDNGKPUVCNCTWPHKNVTQFGCNVC
GHKEKGPEKCVKRQ2&EQPRQUVGTKQTKFCFCWPHKNVTQ&&6CNHKNVTQGNKOKPCRCTVÃEWNCUUÉNKFCUJCUVC
OKETÉOGVTQ[EQPVGPKFQUFGCEGKVGTGUKFWCNO±ZKOQUFGOIO2CTCGXKVCTQNQTGU[XCRQTGU
FGCEGKVGJC[SWGKPUVCNCTWPHKNVTQVKRQ3&EQPRQUVGTKQTKFCFCNHKNVTQ2&
Ő 'PEQORTGUQTGU)#UKPUGECFQT[EQORTGUQTGU(WNN(GCVWTGEQPUGECFQT+(&NQUHKNVTQURCTCWUQ
IGPGTCNUQPQREKQPCNGU
Ő 'P)#9QTMRNCEG(WNN(GCVWTGEQP+%&NQUHKNVTQURCTCCEGKVG[RCTVÃEWNCUUGKPENW[GPGPGN
RCSWGVG2CTCGXKVCTQNQTGU[XCRQTGUFGCEGKVGJC[SWGKPUVCNCTWPHKNVTQVKRQ3&
QREKQPCNEQP
RQUVGTKQTKFCFCNUGECFQT
'NFGRÉUKVQFGCKTG
QREKQPCNFGDGKPUVCNCTUGGPWPCUCNCCRTWGDCFGJGNCFCUUQDTGWPUWGNQUÉNKFQ
[PKXGNCFQ
2CTCWPEQPUWOQFGCKTGPQTOCNUGECNEWNCGNXQNWOGPFGNCTGFFGCKTG
FGRÉUKVQ[VWDGTÃCUFGNC
OCPGTCUKIWKGPVG
8
Z3EZ2Z6Q
HOCZZF2Z6
8XQNWOGPFGNCTGFFGCKTGGPN
3EUWOKPKUVTQFGCKTGNKDTGFGNEQORTGUQTGPNU
2RTGUKÉPFGGPVTCFCFGCKTGFGNEQORTGUQTGPDCTCDUQNWVC
HOCZHTGEWGPEKCEÃENKECEKENQU
F22FGUECTIC2ECTICGPDCT
6VGORGTCVWTCFGGPVTCFCFGCKTGFGNEQORTGUQTGP-
6QVGORGTCVWTCFGNFGRÉUKVQFGCKTGGP-
&GTKXCEKÉPFGUGECFQT
Ő 1REKQPCNGPEQORTGUQTGUEQP+(&
Ő 'UV±PFCTGP)#9QTMRNCEG(WNN(GCVWTGEQP+%&
2CTCEQORTGUQTGUTGHTKIGTCFQURQTCIWCRQUKEKÉPFGNQUVWDQUFGCIWCFGTGHTKIGTCEKÉP

%QPGZKQPGUGN¾EVTKECU
%QPGZKQPGUGN¾EVTKECUFG)#C)#%



--VCOCÇQEQPHWUKDNGUVKRQ

--OGPQTGUFGNVCOCÇQEQPHWUKDNGUVKRQ

1REKÉPUGECFQT

6QFQUNQUXQNVCLGUEQPGZEGREKÉPFG8*\

%QPGZKÉPGPGUVTGNNCVQFQUNQUFGO±UXQNVCLGU

8*\

%QPGZKÉPGPVTK±PIWNQ8*\
)#C)#%
+PUVCNGWPKPVGTTWRVQTUGRCTCFQT
%QORTWGDGSWGGUV±PDKGPUWLGVQUCUWUDQTPGUNQUECDNGUGJKNQUFGNOQVQTGPGNCTOCTKQGN¾EVTKEQ
%QORTWGDGNQUHWUKDNGU[GNCLWUVGFGNTGN¾FGUQDTGECTIC8¾CUGNCUGEEKÉP#LWUVGUFGTGN¾FG
UQDTGECTIC[HWUKDNGU
5KPQUGGPEWGPVTCPRWGPVGCFQUNQUDQTPGU[FGNQUEQPVCEVQTGU-[-FGNOQVQT
EQPGEVGNQUECDNGUFGUWOKPKUVTQFGGPGTIÃCGN¾EVTKECCNQUDQTPGU[FGNEQPVCEVQT-[CNQU
DQTPGU[FGNEQPVCEVQT-
5KUGGPEWGPVTCPRWGPVGCFQUNQUDQTPGU[FGNQUEQPVCEVQTGU-[-FGNOQVQTEQPGEVG
NQUECDNGUFGUWOKPKUVTQFGGPGTIÃCGN¾EVTKECCNQUDQTPGU..[.FGNCTGINGVCFGDQTPGU:
%QPUWNVGVCODK¾PNCUGEEKÉP6COCÇQFGECDNGUGN¾EVTKEQU
%QPGEVGGNRGTPQFGNEQPFWEVQTFGVKGTTC
2'
'P)#C)#%9QTMRNCEG((EQP+%&
Ő 'NUWOKPKUVTQGN¾EVTKEQFGNUGECFQTUGQDVKGPGFGNUWOKPKUVTQFGXQNVCLGRTKPEKRCNFGNEQORTGUQT'PGN
EWDÃEWNQFGNUGECFQTUGJCKPUVCNCFQWPVTCPUHQTOCFQTFGXQNVCLGOÐNVKRNGEQORTWGDGSWGGNCLWUVG
FGNNCFQRTKPEKRCNFGGUVGVTCPUHQTOCFQTEQTTGURQPFGCNXQNVCLGFGUWOKPKUVTQFGNEQORTGUQT
4GSWKUKVQUFGNCIWCFGTGHTKIGTCEKÉP
)GPGTCNKFCFGU
5GKPFKECPNQUTGSWKUKVQUUKIWKGPVGUEQOQPQTOCIGPGTCNRCTCRTGXGPKTRTQDNGOCUEQPGNCIWCFG
TGHTKIGTCEKÉP'PECUQFGFWFCEQPUWNVGC#VNCU%QREQ
/±ZKOQUTGEQOGPFCFQU 5KUVGOCFGTGEKTEWNCEKÉP 5KUVGOCFGRCUQEQPVKPWQ

%NQTWTQ
%N KPHGTKQTCOIN KPHGTKQTCOIN

5WNHCVQ
51 KPHGTKQTCOIN KPHGTKQTCOIN
6QVCNFGUWUVCPEKCUUÉNKFCU KPHGTKQTCOIN KPHGTKQTCOIN
5WUVCPEKCUUÉNKFCUUWURGPFKFCU KPHGTKQTCOIN KPHGTKQTCOIN

5K1
%NQTQNKDTG
%N KPHGTKQTCOIN KPHGTKQTCOIN
#OQPÃCEQ
0* KPHGTKQTCOIN KPHGTKQTCOIN
%QDTG KPHGTKQTCOIN KPHGTKQTCOIN

/±ZKOQUTGEQOGPFCFQU 5KUVGOCFGTGEKTEWNCEKÉP 5KUVGOCFGRCUQEQPVKPWQ

*KGTTQ KPHGTKQTCOIN KPHGTKQTCOIN
/CPICPGUQ KPHGTKQTCOIN KPHGTKQTCOIN
1ZÃIGPQ KPHGTKQTCOIN KPHGTKQTCOIN
&WTG\CECTDQPCVCFC
EQOQ OIN OIN
%C%1
/CVGTKCNQTI±PKEQ
-/P1 KPHGTKQTCOIN KPHGTKQTCOIN
5KPCNICU
5KPCEGKVG
1DUGTXCEKÉP
'NENQTWTQ[GNUWNHCVQUQPKPVGTCEVKXQU'PWPUKUVGOCFGRCUQEQPVKPWQNCUWOCFGNQUEWCFTCFQUPQ
RWGFGGZEGFGTFG2CTCWPUKUVGOCFGTGEKTEWNCEKÉPEQPGNVTCVCOKGPVQ[NQUEQPVTQNGUFGDKFQUUG
RGTOKVGWPCUWOCFGNQUEWCFTCFQUFGJCUVC1DU¾TXGUGSWGGNXCNQTFGUWNHCVQFGDGKPENWKTGN
UWNHKVQGXGPVWCNOGPVGRTGUGPVG
2KEVQITCOCU
)#C)#%
2KEVQITCOCU)#C)#%
2KEVQITCOCU)#C)#%

2KEVQITCOCUEQORTGUQTGUTGHTKIGTCFQURQTCIWC
2WPVQFGFTGPCLGOCPWCNFGEQPFGPUCFQ
2WPVQFGFTGPCLGCWVQO±VKEQFGEQPFGPUCFQ
#XKUQXQNVCLG
#XKUQFGUEQPGEVCTGNXQNVCLG[FGURTGUWTK\CTGNEQORTGUQTCPVGUFGTGCNK\CT
TGRCTCEKQPGU
#XKUQEQPUWNVGGN.KDTQFGKPUVTWEEKQPGUGPNQTGHGTGPVGCNUGPVKFQFGIKTQFGNOQVQT
CPVGUFGEQPGEVCTGNEQORTGUQTGN¾EVTKECOGPVG
2CTGUFGCRTKGVGRCTCRGTPQUFGCEGTQ
(GQNCVÉP
%W<P
%QPUWNVGGNNKDTQFGKPUVTWEEKQPGUCPVGUFGGPITCUCT
#EGKVGNKIGTCOGPVGNCLWPVCFGNHKNVTQFGCEGKVGCVQTPÃNNGNQ[CRTK¾VGNQCOCPQ
OGFKC
XWGNVCCRTQZKOCFCOGPVG
#XKUQRCTGGNEQORTGUQTCPVGUFGTGRCTCTNQUXGPVKNCFQTGU
#XKUQFGUEQPGEVGGNXQNVCLGCPVGUFGSWKVCTNCEWDKGTVCRTQVGEVQTCFGPVTQFGN
EWDÃEWNQGN¾EVTKEQ
%QPUWNVGGN.KDTQFGKPUVTWEEKQPGUCPVGUFGTGCNK\CTOCPVGPKOKGPVQ
#XKUQTKGUIQRQVGPEKCNFGFKURCTQTGRGPVKPQFGNOWGNNGFGDCLQFGNCEWDKGTVCFGN
FGUECTICFQTFWTCPVGGNFGUOQPVCLGUQNKEKVGC#VNCU%QREQSWGTGCNKEGNCU
TGRCTCEKQPGUPGEGUCTKCU
5CNKFCFGCIWCFGTGHTKIGTCEKÉP
'PVTCFCFGCIWCFGTGHTKIGTCEKÉP

#PVGUFGNCTTCPSWGKPKEKCN
5GIWTKFCF
'NQRGTCFQTFGDGQDUGTXCTVQFCUNCURTGECWEKQPGUFGUGIWTKFCFRGTVKPGPVGUKPENWKFCU
NCUSWGUGKPFKECPGPGNRTGUGPVGOCPWCN
(WPEKQPCOKGPVQGPCNVKVWFGZVGTKQTGU
5KGNEQORTGUQTUGGPEWGPVTCKPUVCNCFQGPGZVGTKQTGUQUKGURQUKDNGSWGNCVGORGTCVWTCFGCURKTCEKÉPFGN
CKTGFGUEKGPFCRQTFGDCLQFG%(JC[SWGVQOCTRTGECWEKQPGU%QPUWNVGC#VNCU%QREQGPVCN
ECUQ[VCODK¾PUKHWPEKQPCCWPCCNVKVWFUWRGTKQTCO
HV
&GURNC\COKGPVQNGXCPVCOKGPVQRCTC)#C)#%
0QNGXCPVGPWPECGNEQPLWPVQFG)#9QTMRNCEG((EQP+%&GNEQORTGUQT[GNOÉFWNQ
+%&FGDGPGNGXCTUGRQTUGRCTCFQ
'URQUKDNGFGURNC\CTGNEQORTGUQTEQPC[WFCFGWPCECTTGVKNNCGNGXCFQTCGPNCUTCPWTCUFGNDCUVKFQT
2TQEWTGPQFCÇCTNCECTTQEGTÃCFWTCPVGGNNGXCPVCOKGPVQQVTCPURQTVG#UGIÐTGUGFGSWGNCUJQTSWKNNCU
UQDTGUCNGPFGUFGGNQVTQNCFQFGNDCUVKFQT'NEQORTGUQTVCODK¾PRWGFGGNGXCTUGFGURW¾UFGKPUGTVCT
XKICUGPNCUTCPWTCU#UGIÐTGUGFGSWGNCUXKICUPQUGFGUNK\CP[SWGUQDTGUCNGPFGUFGGNDCUVKFQTFG
OCPGTCWPKHQTOG.CUECFGPCUFGDGPOCPVGPGTUGRCTCNGNCUCNCECTTQEGTÃCEQPC[WFCFGUGRCTCFQTGUFG
ECFGPCRCTCPQFCÇCTCNEQORTGUQT'NGSWKRQFGNGXCPVCOKGPVQFGDGGUVCTRQUKEKQPCFQFGHQTOCSWGGN
EQORTGUQTUGNGXCPVGXGTVKECNOGPVG.GX±PVGNQEQPUWCXKFCFRTQEWTCPFQSWGPQUGVWGT\C
+PFKECEKÉPGZVGTPCFGNGUVCFQFGNEQORTGUQTGPEQORTGUQTGUGSWKRCFQUEQPWPTGIWNCFQT'NGMVTQPKMQP++
'NTGIWNCFQT'NGMVTQPKMQP++GUV±FQVCFQFGEQPVCEVQUCWZKNKCTGU
---[-RQTGNNCFQFG
CVT±UFGNOÉFWNQRCTCKPFKECEKÉPGZVGTPCFG
Ő DCLCQCNVCRTGUKÉPFGNCKTG
-EGTTCFQUUKIPKHKECCNVCRTGUKÉPFGNCKTG
Ő ECTICFGUECTICOCPWCNQHWPEKQPCOKGPVQCWVQO±VKEQ
-
Ő GUVCFQFGCXKUQ
-
Ő GUVCFQFGRCTCFCFGCNCTOC
-
%CTICO±ZKOCRCTCNQUEQPVCEVQU#8%#2CTGGNEQORTGUQT[FGUEQPGEVGGNXQNVCLGCPVGUFG
EQPGEVCTGSWKRQGZVGTPQ%QPUWNVGC#VNCU%QREQ
/QFQUFGEQPVTQNFGNEQORTGUQTGPEQORTGUQTGUGSWKRCFQUEQPWPTGIWNCFQT'NGMVTQPKMQP++
&GLGSWGNCUOQFKHKECEKQPGUNCUEQORTWGDG#VNCU%QREQ2CTGGNEQORTGUQT[
FGUEQPGEVGGNXQNVCLGCPVGUFGEQPGEVCTGSWKRQGZVGTPQ5GRGTOKVGPÐPKECOGPVG
EQPVCEVQUNKDTGUFGXQNVCLG
%QPUWNVGNCUGEEKÉP2TQITCOCTOQFQUFGEQPVTQNFGNEQORTGUQTUKUGSWKGTGEQPOWVCTCQVTQOQFQFG
EQPVTQN

'URQUKDNGUGNGEEKQPCTNQUOQFQUFGEQPVTQNSWGUKIWGP
Ő %QPVTQNNQECN'NEQORTGUQTTGURQPFGT±COCPFQUKPVTQFWEKFQUEQPC[WFCFGNQUDQVQPGUGPGNRCPGN
FGEQPVTQN.QUOCPFQUFGCTTCPSWGRCTCFCFGNEQORTGUQTGUV±PCEVKXQURQTOGFKQFGNCHWPEKÉP4GNQL
UKGUV±PRTQITCOCFQU
Ő %QPVTQNTGOQVQ'NEQORTGUQTTGCEEKQPCT±CNQUOCPFQUFGKPVGTTWRVQTGUGZVGTPQU3WGFCCEVKXCNC
RCTCFCFGGOGTIGPEKC5KGORTGGURQUKDNGCEEGFGTCNQUOCPFQUFGCTTCPSWGRCTCFCFGNEQORTGUQT
RQTOGFKQFGNCHWPEKÉP4GNQL
2CTCCTTCPSWG[RCTCFCCFKUVCPEKCFG)#C)#%
Ő %QPGEVGWPDQVÉPFGCTTCPSWGRCTCFCRTQITCOCFCGPVTGNQUDQTPGU[FGNEQPGEVQT
:
8¾CUGNCUGEEKÉP5KUVGOCGN¾EVTKEQRCTCNQECNK\CTGNEQPGEVQT
Ő 2WGPVGGNQUDQTPGU[FGNEQPGEVQT
:GPGUVGOQFQGNVTCPUFWEVQTFGRTGUKÉP
26
UKIWGFGVGEVCPFQNCRTGUKÉPFGUCNKFCNQSWGCECDCGPECTIC[FGUECTICFGNEQORTGUQTCNCU
RTGUKQPGURTQITCOCFCUGPGNTGIWNCFQTGNGEVTÉPKEQ5KPQUGRWGPVGCPNQUDQTPGU[FGN
EQPGEVQT
:GNEQORTGUQTGURWGUVQHWGTCFGHWPEKQPCOKGPVQCWVQO±VKEQFGECTICFGUECTIC
[UKIWGHWPEKQPCPFQGPFGUECTIC8¾CUGNCUGEEKÉP5KUVGOCGN¾EVTKEQRCTCNQECNK\CTGNEQPGEVQT
2CTCECTICFGUECTICCFKUVCPEKC
OGFKCPVGGNRTGUQUVCVQGZVGTPQGP)#C)#%
Ő 2WGPVGGNQUDQTPGU[FGNEQPGEVQT
:[EQPGEVGWPKPVGTTWRVQTFGECTICFGUECTICGPVTG
NQUDQTPGU[FGNEQPGEVQT
:'UVQRTQXQECNCECTIC[FGUECTICFGNEQORTGUQTCNCU
RTGUKQPGUFGEKGTTG[CRGTVWTCTGURGEVKXCOGPVGFGNRTGUQUVCVQGZVGTPQ
Ő %QPVTQN.#0GNEQORTGUQTXCEQPVTQNCFQOGFKCPVGWPCTGFFG±TGCNQECN%QPUWNVGC#VNCU%QREQ
#TTCPSWGKPKEKCN
5GIWTKFCF
2TQEGFKOKGPVQ
2CTCEQPQEGTNCRQUKEKÉPFGNCX±NXWNCFGUCNKFCFGCKTG[NCUEQPGZKQPGUFGFTGPCLG
EQPUWNVGNCUUGEEKQPGU+PVTQFWEEKÉP[5KUVGOCFGEQPFGPUCFQ

(KLCEKQPGUFGVTCPURQTVGFGNFGRÉUKVQFGCKTGGP)#C)#%
(KLCEKQPGUFGVTCPURQTVGFGNOQVQT[ECLCFGGPITCPCLGUFG)#C)#%

%WDÃEWNQGN¾EVTKEQGP)#C)#%GLGORNQVÃRKEQ
%QPUWNVGNCUUGEEKQPGU6COCÇQFGECDNGUGN¾EVTKEQU2TQRWGUVCUFGKPUVCNCEKÉP[&KDWLQUFG
FKOGPUKQPGU
2CTCEQORTGUQTGU)#9QTMRNCEG(WNN(GCVWTGEQP+%&OQPVGGNEQORTGUQT[GNUGECFQTLWPVQU
EQOQUGFGUETKDGGPNCUKPUVTWEEKQPGUFGOQPVCLG
*C[SWGSWKVCTNQUHKLCFQTGUFGVTCPURQTVGRKPVCFQUFGTQLQUKIWKGPVGU
Ő 2GTPQU

Ő %CUSWKNNQU

Ő 5QRQTVGU

Ő 6WGTECU

'P)#C)#%GZVTCKICNQUECUSWKNNQUFGCODQUUQRQTVGUFGNCECLCFGGPITCPCLGU[CODQU
UQRQTVGUFGNFGRÉUKVQFGCKTG
%QORTWGDGSWGGUV±PJGEJCUNCUEQPGZKQPGUGN¾EVTKECUEQPHQTOGCNQUEÉFKIQUNQECNGU[SWG
VQFQUNQUECDNGUGUV±PDKGPUWLGVQUCUWUDQTPGU
'NGSWKRQFGDGRQPGTUGCVKGTTC[RTQVGIGTUGFGEQTVQEKTEWKVQURQTOGFKQFGHWUKDNGUFGVKRQ
KPGTVGGPVQFCUNCUHCUGU&GDGKPUVCNCTUGWPKPVGTTWRVQTUGRCTCFQTEGTECFGNEQORTGUQT
%QORTWGDGSWGGNVTCPUHQTOCFQT
6GUV±DKGPEQPGEVCFQ
%QORTWGDGGNCLWUVGFGNTGN¾FGUQDTGECTICFGNOQVQTFGCEEKQPCOKGPVQ
(
%QORTWGDGSWGGNTGN¾FGUQDTGECTICXCCLWUVCFQRCTCTGCTOGOCPWCN
'P)#C)#%[)#C)#%TGHTKIGTCFQURQTCKTGEQORTWGDGGNCLWUVGFGNFKU[WPVQT
3%QORTWGDGVCODK¾PSWGGNKPVGTTWRVQTGPGNFKU[WPVQTUGJCNNCGPNCRQUKEKÉP+
+PUVCNGNCX±NXWNCFGUCNKFCFGCKTG
#8EQPUWNVGNCUGEEKÉP+PVTQFWEEKÉPRCTCEQPQEGTNC
RQUKEKÉPFGNCX±NXWNC
%KGTTGNCX±NXWNC
%QPGEVGNCTGFFGCKTGCNCX±NXWNC
'PEQORTGUQTGUGSWKRCFQUEQPWPCFGTKXCEKÉPFGUGECFQTKPUVCNGNCX±NXWNCFGUCNKFCFGCKTGGP
GNVWDQFGFGTKXCEKÉPFGNUGECFQT

5KGUV±GSWKRCFQEQPGEVGNCX±NXWNCFGFTGPCLGOCPWCNFGNEQPFGPUCFQ
&O
%KGTTGNCX±NXWNC
%QPGEVGNCX±NXWNCCWPEQNGEVQTFGFTGPCLG
5KGUV±GSWKRCFQEQPGEVGNCUCNKFCFGFTGPCLGCWVQO±VKEQ
&CCWPEQNGEVQTFGFTGPCLG
.QUVWDQUFGFTGPCLGCNEQNGEVQTPQFGDGPGPVTCTGPEQPVCEVQEQPGNCIWC5KNCUVWDGTÃCUGUV±P
KPUVCNCFCUGPGNGZVGTKQTFGWPCUCNCFQPFGUGRWGFGPRTQFWEKTJGNCFCUJC[SWGCKUNCTNCU2CTC
UCECTCIWCEQPFGPUCFCRWTCJC[SWGKPUVCNCTWPUGRCTCFQTFGCEGKVGCIWCFGXGPVCEQOQ
CEEGUQTKQQREKQPCNGP#VNCU%QREQ%QPUWNVGNCUGEEKÉP7PKFCF15&
'PEQORTGUQTGUTGHTKIGTCFQURQTCIWCGNENKGPVGFGDGKPUVCNCTGPNCVWDGTÃCFGCIWCFG
TGHTKIGTCEKÉPX±NXWNCUFGFTGPCLGX±NXWNCUFGEKGTTG[WPCX±NXWNCFGTGIWNCEKÉP
%QORTWGDGGNPKXGNFGCEGKVG
'P)#C)#%NCCIWLCFGNKPFKECFQT
)+FGDGGPEQPVTCTUGGPGNECORQUWRGTKQTFGNC\QPC
XGTFGQGPNC\QPCPCTCPLC
5GRWGFGCÇCFKTCEGKVGEQPNCDQVGNNCFGCEGKVGFG#VNCU%QREQSWGUGUWOKPKUVTCRQTUGRCTCFQ
LWPVQEQPGNEQORTGUQT
2TQX¾CUGFGCFJGUKXQUSWGCXKUGPCNQRGTCFQTFGSWG
Ő 'URQUKDNGSWGGNEQORTGUQTXWGNXCCCTTCPECTCWVQO±VKECOGPVGFGURW¾UFGKPVGTTWREKÉPFGN
XQNVCLG
UKGUV±CEVKXCFQEQPUWNVGC#VNCU%QREQ
Ő 'NEQORTGUQTXCEQPVTQNCFQCWVQO±VKECOGPVG[RWGFGSWGCTTCPSWGGPEWCNSWKGTOQOGPVQ
%QPGEVGGNXQNVCLG#TTCPSWGGNEQORTGUQT[R±TGNQCNKPUVCPVG%QORTWGDGNCFKTGEEKÉPFG
TQVCEKÉPFGNOQVQTFGCEEKQPCOKGPVQ
/EWCPFQIKTCRQTKPGTEKC
'PEQORTGUQTGUTGHTKIGTCFQURQTCKTGEQORTWGDGVCODK¾PNCFKTGEEKÉPFGTQVCEKÉPFGNOQVQTFGN
XGPVKNCFQT
'P)#C)#%NCFKTGEEKÉPFGTQVCEKÉPEQTTGEVCFGNOQVQTFGCEEKQPCOKGPVQNCKPFKECWPC
HNGEJCGPNCECLCFGGPITCPCLGU5GKPENW[GPWPCUHNGEJCUFGTQVCEKÉPXKUKDNGUCVTCX¾UFGNC
TGLKNNCGPGNVGEJQGPNCRNCECFGDCLQFGNXGPVKNCFQTSWGKPFKECPNCFKTGEEKÉPFGTQVCEKÉPEQTTGEVC
FGNOQVQTFGNXGPVKNCFQT
5KNCFKTGEEKÉPFGTQVCEKÉPFGNOQVQTFGCEEKQPCOKGPVQGUKPEQTTGEVCFGUEQPGEVGGNXQNVCLGG
KPXKGTVCFQUEQPGZKQPGUFGNCUNÃPGCUGN¾EVTKECUFGGPVTCFC
5KNCFKTGEEKÉPFGTQVCEKÉPGUKPEQTTGEVCFGUEQPGEVGGNXQNVCLGGKPXKGTVCFQUEQPGZKQPGUFG
GPVTCFCGPNQUDQTPGUFGNFKU[WPVQT
3
7PCFKTGEEKÉPFGTQVCEKÉPKPEQTTGEVCFGNOQVQTFGCEEKQPCOKGPVQRWGFGECWUCTFCÇQUCN
EQORTGUQT
'PEQORTGUQTGUGSWKRCFQUEQPWPTGIWNCFQT'NGMVTQPKMQP++EQORTWGDGNQUCLWUVGU
RTQITCOCFQU%QPUWNVGNCUGEEKÉP#LWUVGURTQITCOCDNGU
'P)#9QTMRNCEG((EQP+%&
X¾CUGNCUGEEKÉP#TTCPSWGRCTCEQPQEGTNCRQUKEKÉPFGNCU
X±NXWNCU
Ő #DTCNCX±NXWNCFGFGTKXCEKÉPFGNUGECFQT
#8
Ő %KGTTGNCX±NXWNCFGGPVTCFCFGNUGECFQT

Ő %KGTTGNCX±NXWNCFGUCNKFCFGNUGECFQT
#8
Ő %KGTTGNCX±NXWNCFGUWOKPKUVTQFGCKTG
JCEKCGNUGPUQT2&2
2QPICGNEQORTGUQTGPOCTEJC[FGLGSWGHWPEKQPGFWTCPVGCNIWPQUOKPWVQU%QORTWGDGSWGGN
EQORTGUQTHWPEKQPCEQPPQTOCNKFCF
2CTCEQPQEGTNCRQUKEKÉPFGNCUX±NXWNCUEQPUWNVGNCUGEEKÉP#TTCPSWG
'P)#9QTMRNCEG((EQP+%&
Ő #DTCNGPVCOGPVGNCX±NXWNCFGGPVTCFCFGNUGECFQT

Ő %QORTWGDGNCUEQPGZKQPGUFGNUGECFQTRCTCXGTUKVKGPGPHWICUFGCKTG
Ő &GLGGNUGECFQTGPHWPEKQPCOKGPVQFWTCPVGXCTKCUJQTCUEQPNCX±NXWNCFGUCNKFCFGNUGECFQT

#8EGTTCFC
Ő #DTCITCFWCNOGPVGNCX±NXWNCFGUCNKFCFGNUGECFQT[EKGTTGNCX±NXWNCFGFGTKXCEKÉP
#8
Ő #DTCNCX±NXWNCFGUWOKPKUVTQFGCKTG
JCEKCGNUGPUQT2&2

#PVGUFGCTTCPECT
1DUGTXCEKQPGU
Ő 'P)#C)#%UKGNEQORTGUQTPQJCHWPEKQPCFQGPNQUÐNVKOQUOGUGUUG
TGEQOKGPFCGPECTGEKFCOGPVGSWGUGOGLQTGNCNWDTKECEKÉPFGNGNGOGPVQ
EQORTGUQTCNCTTCPECT&GUEQPGEVGNCOCPIWGTCFGGPVTCFCGZVTCKICGN
FGUECTICFQT
7#[XKGTVCN
75ICN+ORICNFGCEGKVGGPGN
GNGOGPVQEQORTGUQT8WGNXCCKPUVCNCTGNFGUECTICFQT[EQPGEVCTNCOCPIWGTCFG
GPVTCFC%QORTWGDGSWGVQFCUNCUEQPGZKQPGUGUV±PDKGPUWLGVCFCU
Ő 'PEQORTGUQTGU)#C)#%(WNN(GCVWTGEQP+(&EQPGEVGGNXQNVCLGJQTCU
CPVGUFGCTTCPECTCHKPFGGPGTIK\CTGNECNGPVCFQTFGE±TVGTFGNEQORTGUQTFG
TGHTKIGTCPVGFGNUGECFQT
Ő 'PEQORTGUQTGU)#C)#%(WNN(GCVWTGEQP+%&UKPQUGJCWVKNK\CFQGN
EQORTGUQTFWTCPVGOGUGUFGLGGNUGECFQTGPHWPEKQPCOKGPVQFWTCPVGXCTKCU
JQTCUEQPNCX±NXWNCFGUCNKFCFGNUGECFQTEGTTCFCRCTCIGPGTCTGNFGUGECPVG
8¾CUGNCUGEEKÉP#TTCPSWGKPKEKCN
2TQEGFKOKGPVQ
2QUKEKÉPFGNFGUECTICFQTGP)#C)#%

%QORTWGDGGNPKXGNFGCEGKVGCÇCFCUKGURTGEKUQ8¾CUGNCUGEEKÉP#TTCPSWGKPKEKCN
'P)#C)#%XCEÃGGNEQNGEVQTFGRQNXQFGNHKNVTQX¾CUGNCUGEEKÉP(KNVTQFGCKTG
'P)#C)#%UKGUV±EQORNGVCOGPVGGZVTCÃFCNCRCTVGTQLCFGNKPFKECFQTFGUGTXKEKQFGN
HKNVTQFGCKTGTGGORNCEGGNGNGOGPVQHKNVTCPVGFGCKTG4GRQUKEKQPGGNKPFKECFQTFGUGTXKEKQ
8+
CRTGVCPFQGNDQVÉPGPGNGZVTGOQFGNEWGTRQ[TGCTOGGNCXKUQFGUGTXKEKQ
'PEQORTGUQTGUGSWKRCFQUEQPWPTGIWNCFQT'NGMVTQPKMQP++X¾CUGNCUGEEKÉP/GPÐ5GTXKEKQ
'PEQORTGUQTGUTGHTKIGTCFQURQTCIWCVCODK¾P
Ő %QORTWGDGSWGGUV±PEGTTCFCUNCUX±NXWNCUFGFTGPCLGFGNCIWCFGTGHTKIGTCEKÉPGPNCU
VWDGTÃCUFGGPVTCFC[UCNKFC
Ő #DTCNCX±NXWNCFGGPVTCFCFGNCIWCFGTGHTKIGTCEKÉP
Ő #DTCNCX±NXWNCFGTGIWNCEKÉPFGNHNWLQFGCIWC5GRWGFGQOKVKTGUVGRWPVQUKPQUGJC
RGTVWTDCFQGNCLWUVGFGFKEJCX±NXWNCFGURW¾UFGQRGTCEKÉPRTGXKC
#TTCPSWG
2TQEGFKOKGPVQ
2CTCEQPQEGTNCRQUKEKÉPFGNCX±NXWNCFGUCNKFCFGCKTG[NCUEQPGZKQPGUFGFTGPCLG
EQPUWNVGNCUUGEEKQPGU+PVTQFWEEKÉP[5KUVGOCFGEQPFGPUCFQ
2CPGNFGEQPVTQNFG'NGMVTQPKMQP++

&KCITCOCFGHNWLQFGNUGECFQT+%&

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

'P)#9QTMRNCEG((EQPUGECFQT+%&
Ő %KGTTGNCX±NXWNCFGGPVTCFCFGNUGECFQT

Ő %KGTTGNCX±NXWNCFGUCNKFCFGNUGECFQT
#8
#8
Ő #DTCNCX±NXWNCFGEKGTTGJCEKCGNUGPUQT2&2

'PVQFQUNQUEQORTGUQTGU
#DTCNCX±NXWNCFGUCNKFCFGCKTG
%KGTTGNCX±NXWNCFGFTGPCLGFGEQPFGPUCFQ
&O
2WNUGGNDQVÉPFGCTTCPSWG
FGNRCPGNFGEQPVTQN'NEQORTGUQTUGRQPGGPOCTEJC[GN.'&
FGHWPEKQPCOKGPVQCWVQO±VKEQ
UGGPEKGPFG&KG\UGIWPFQUFGURW¾UFGCTTCPECTGNOQVQTFG
CEEKQPCOKGPVQEQPOWVCFGGUVTGNNCCVTK±PIWNQ[GNEQORTGUQTGORKG\CCHWPEKQPCTGPECTIC
'PEQORTGUQTGUTGHTKIGTCFQURQTCIWCTGIWNGGNHNWLQFGCIWCFGTGHTKIGTCEKÉPFWTCPVGOCTEJC
ECTICFCCHKPFGQDVGPGTNCVGORGTCVWTCO±UCRTQRKCFCGPNCUCNKFCFGNGNGOGPVQEQORTGUQT
GUVQGUGPVTG[u%
[u(UQDTGNCVGORGTCVWTCEQTTGURQPFKGPVGFGNCHKIWTCUKIWKGPVG
2CTCNQITCTWPHWPEKQPCOKGPVQÉRVKOQPQUGRGTOKVGPWPECSWGNCVGORGTCVWTCFGUCNKFCFGN
CIWCFGTGHTKIGTCEKÉPUQDTGRCUGGNXCNQTGURGEKHKECFQGPNCUGEEKÉP&CVQUFGNEQORTGUQT
%QPUWNVGC#VNCU%QREQUKUGHQTOCTCEQPFGPUCFQFWTCPVGRGTKQFQUFGFGUECTICHTGEWGPVGU
'P)#9QTMRNCEG((EQPUGECFQT+%&
Ő #DTCNGPVCOGPVGNCX±NXWNCFGGPVTCFCFGNUGECFQT

Ő )TCFWCNOGPVGCDTCNCX±NXWNCFGUCNKFCFGNUGECFQT
#8
#8
Ő #DTCNCX±NXWNCFGUWOKPKUVTQFGCKTG
JCEKCGNUGPUQT2&2
6GORGTCVWTCOÃPKOCFGNGNGOGPVQEQORTGUQTRCTCWPKFCFGUTGHTKIGTCFCURQTCIWC

Ő
#VGORGTCVWTCFGGPVTCFCFGCKTG
Ő
$VGORGTCVWTCFGEQPFGPUCEKÉP
Ő
%RTGUKÉPFGVTCDCLQ
Ő
&JWOGFCFTGNCVKXCFGCKTG
'LGORNQUKUGVTCDCLCCWPCRTGUKÉPFGDCT
G
RUKIGPWPCVGORGTCVWTCCODKGPVGFGu%

u([WPCJWOGFCFTGNCVKXCFGNCKTGFGWPNCVGORGTCVWTCOÃPKOCRCTCKORGFKTSWGUGHQTOG
EQPFGPUCFQGUFGu%
u(*C[SWGTGIWNCTGNHNWLQFGCIWCFGTGHTKIGTCEKÉPFWTCPVGGN
HWPEKQPCOKGPVQGPECTICRCTCNQITCTWPCVGORGTCVWTCGPVTGu%[CRTQZ%
[CRTQZu(
GPNCUCNKFCFGNGNGOGPVQEQORTGUQT
&WTCPVGGNHWPEKQPCOKGPVQ
2TQEGFKOKGPVQ
2CPGNFGEQPVTQN'NGMVTQPKMQP++

2QUKEKÉPFGNCOKTKNNCFGPKXGNFGCEGKVGGP)#C)#%

2QUKEKÉPFGNKPFKECFQTFGUGTXKEKQGP)#C)#%
%QORTWGDGGNPKXGNFGCEGKVGFWTCPVGGNHWPEKQPCOKGPVQGPECTICNCCIWLCFGNOCPÉOGVTQFGPKXGN
)N
FGDGJCNNCTUGGPNC\QPCXGTFGUKPQGUCUÃRWNUGGNDQVÉPFGRCTCFC
GURGTGCSWGGNEQORTGUQTUG
RCTGFGURTGUWTKEGGNUKUVGOCFGCEGKVG
FGUCVQTPKNNGGNVCRÉPFGNNGPCFQFGCEGKVG(%WPCUQNCXWGNVC[
GURGTGWPQUOKPWVQU'ZVTCKICGNVCRÉP[CÇCFCCEGKVGJCUVCSWGGNPKXGNCNECPEGNCCDGTVWTCFGNVCRÉPFG
NNGPCFQ+PUVCNG[CRTKGVGGNVCRÉP
(%
5KGUV±EQORNGVCOGPVGGZVTCÃFCNCRCTVGEQNQTGCFCFGNKPFKECFQTFGUGTXKEKQ
8+TGGORNCEGGNGNGOGPVQ
FGNHKNVTQFGCKTG4GRQUKEKQPGGNKPFKECFQTFGUGTXKEKQCRTGVCPFQGNDQVÉPGPGNGZVTGOQFGNEWGTRQ
5KGUV±GPEGPFKFQGN.'&FGHWPEKQPCOKGPVQCWVQO±VKEQ
GNTGIWNCFQTIQDKGTPCGNEQORTGUQT
CWVQO±VKECOGPVGGUFGEKTECTICTFGUECTICTRCTCTNQUOQVQTGU[XQNXGTCCTTCPECT
5KGUV±RTQXKUVQEQORTWGDGSWGUGFGUECTICEQPFGPUCFQFWTCPVGGNHWPEKQPCOKGPVQ%QPUWNVGNCUGEEKÉP
5KUVGOCFGEQPFGPUCFQ[GPECUQFGWP15&EQORTWGDGVCODK¾PGNPKXGNFGNEQNGEVQTFGCEGKVG
EQPUWNVGNCUGEEKÉP+PUVTWEEKQPGUFGOCPVGPKOKGPVQ[HWPEKQPCOKGPVQFG15&.CECPVKFCFFG
EQPFGPUCFQFGRGPFGFGNCUEQPFKEKQPGUFGVTCDCLQ[NCUEQPFKEKQPGUOGFKQCODKGPVCNGU

%QORTQDCTGNFKURNC[
2TQEGFKOKGPVQ
2CPGNFGEQPVTQN'NGMVTQPKMQP++
'PEQORTGUQTGUGSWKRCFQUEQPWPTGIWNCFQT'NGMVTQPKMQP++EQORTWGDGGNFKURNC[
TGIWNCTOGPVGRCTC
XGTUKJC[CXKUQUQOGPUCLGU0QTOCNOGPVGGNFKURNC[OWGUVTCNCRTGUKÉPFGUCNKFCFGNEQORTGUQTNC
UKVWCEKÉPFGNEQORTGUQT[NCUCDTGXKCVWTCUFGNCUHWPEKQPGUFGNCUVGENCUFGDCLQFGNFKURNC[*CICNCU
IGUVKQPGUPGEGUCTKCUUKGUV±GPEGPFKFQQRCTRCFGCGN.'&FGCNCTOC
X¾CUGNCUGEEKÉP/GPÐ&CVQUFG
GUVCFQ
'PGNFKURNC[
CRCTGEGT±WPCPQVKEKCFGUGTXKEKQUKUGJCGZEGFKFQWPKPVGTXCNQFGNRNCPFGUGTXKEKQQGN
PKXGNFGUGTXKEKQFGWPQFGNQUEQORQPGPVGUOQPKVQTK\CFQU.NGXGCECDQNCUCEEKQPGUFGUGTXKEKQFGNQU
RNCPGUKPFKECFQUQTGGORNCEGGNEQORQPGPVG[TGUVCDNG\ECGNVGORQTK\CFQTGPEWGUVKÉPX¾CUGNCUGEEKÉP
/GPÐ&CVQUFGGUVCFQ
2CTCFC
4GIWNCFQT'NGMVTQPKMQP
2CPGNFGEQPVTQNFG'NGMVTQPKMQP++

2TQEGFKOKGPVQ
2CUQ #EEKÉP
2WNUGGNDQVÉPFGRCTCFC
'N.'&FGHWPEKQPCOKGPVQCWVQO±VKEQ
UGCRCIC[GN
EQORTGUQTUGFGVKGPGVTCPUEWTTKFQUUGIWPFQUFGHWPEKQPCOKGPVQUKPECTIC
2CTCRCTCTGNEQORTGUQTGPECUQFGGOGTIGPEKCRWNUGGNDQVÉPFGRCTCFCFG
GOGTIGPEKC
'N.'&FGCNCTOC
RCTRCFGC
'PEQORTGUQTGUEQP'NGMVTQPKMQP++FGURW¾UFGUQNWEKQPCTNCCXGTÃCVKTGFGNDQVÉP
RCTCFGUDNQSWGCTNQ[RWNUGNCVGENC 4GCT
CPVGUFGTGCTTCPECT
'P)#9QTMRNCEG((EQP+%&GNEQORTGUQTUGFGURTGUWTK\CCWVQO±VKECOGPVG
%KGTTGNCX±NXWNCFGUCNKFCFGCKTG
#8EQPUWNVGNCUGEEKÉP+PVTQFWEEKÉP
#DTCNCX±NXWNCFGFTGPCLGFGEQPFGPUCFQ
&O%QPUWNVGNCUGEEKÉP5KUVGOCFG
EQPFGPUCFQ
'PEQORTGUQTGUTGHTKIGTCFQURQTCIWC
Ő %KGTTGNCX±NXWNCFGGPVTCFCFGNCIWCFGTGHTKIGTCEKÉP
Ő 5KUGRTGX¾PVGORGTCVWTCUFGEQPIGNCEKÉPJC[SWGXCEKCTEQORNGVCOGPVGGN
UKUVGOCFGTGHTKIGTCEKÉP
2WGUVCHWGTCFGUGTXKEKQ
2TQEGFKOKGPVQ
2CUQ #EEKÉP
2CTGGNEQORTGUQT[EKGTTGNCX±NXWNCFGUCNKFCFGCKTG
&GUEQPGEVGGNXQNVCLG[UGRCTGGNEQORTGUQTFGNCTGFOCVTK\
&GURTGUWTKEGGNEQORTGUQTCDTKGPFQGNVCRÉP
(%%QPUWNVGNCUGEEKÉP%CODKQFG
CEGKVG[HKNVTQUFGCEGKVGRCTCNQECNK\CTGNVCRÉPFGTGNNGPQ
#DTCNCX±NXWNCFGFTGPCLGFGEQPFGPUCFQ
&O%QPUWNVGNCUGEEKÉP5KUVGOCFG
EQPFGPUCFQRCTCNQECNK\CTNCX±NXWNCFGFTGPCLG
%KGTTG[FGURTGUWTKEGNCRCTVGFGNCTGFFGCKTGEQPGEVCFCCNCX±NXWNCFGUCNKFC
5GRCTGGNVWDQFGUCNKFCFGCKTGFGNEQORTGUQTFGNCTGFFGCKTG
Ő #ÃUNG[UGRCTGGNUKUVGOCFGCIWCFGNCTGFFGCIWCFGTGHTKIGTCEKÉP
Ő 5CSWGGNCEGKVGFGNEKTEWKVQ
8CEÃGGNCEGKVG
8CEÃGGNEKTEWKVQFGEQPFGPUCFQ[FGUEQPGEVGNQUVWDQUFGEQPFGPUCFQFGNCTGFFG
EQPFGPUCFQ

/CPVGPKOKGPVQ
/QVQTFGCEEKQPCOKGPVQ
#VGPEKÉP
0QFGDGOG\ENCTUGPWPECITCUCFGOCTECUQVKRQUFKHGTGPVGU
5QNCOGPVGRCTC)#JCUVC)#%
*C[SWGGPITCUCTFGPWGXQNQUEQLKPGVGUECFCJQTCUFGHWPEKQPCOKGPVQ.QURWPVQUFGNWDTKECEKÉP
UGGPEWGPVTCPOCTECFQU
)TCUCTGEQOGPFCFC
Ő 2CTC)#C)#%WUGITCUCRCTCEQLKPGVGUFGVTCDCLQRGUCFQ#VNCU%QREQ%CPVKFCFI

Q\RQTEQLKPGVG
5GRWGFGUQNKEKVCTWPECTVWEJQFGI
Q\X¾CUGNCUGEEKÉP 5GTXKEGMKVU
2TQITCOCFGOCPVGPKOKGPVQRTGXGPVKXQ
#XKUQ
#PVGUFGNNGXCTCECDQEWCNSWKGTQRGTCEKÉPFGOCPVGPKOKGPVQTGRCTCEKÉPQCLWUVG
RTQEGFCFGNCUKIWKGPVGOCPGTC
Ő 2CTGGNEQORTGUQT
Ő 2WNUGGNDQVÉPFGRCTCFCFGGOGTIGPEKC
Ő &GUEQPGEVGGNXQNVCLG
Ő %KGTTGNCX±NXWNCFGUCNKFCFGCKTG[CDTCNCX±NXWNCFGFTGPCLGOCPWCNFGN
EQPFGPUCFQUKGZKUVG
Ő &GURTGUWTKEGGNEQORTGUQT
2CTCQDVGPGTKPUVTWEEKQPGUFGVCNNCFCUEQPUWNVG5QNWEKÉPFGRTQDNGOCU
)CTCPVÃC[TGURQPUCDKNKFCFFGNRTQFWEVQ
7VKNKEGÐPKECOGPVGRKG\CUCWVQTK\CFCU%WCNSWKGTFCÇQQCXGTÃCTGUWNVCPVGFGNWUQFGRKG\CUPQ
CWVQTK\CFCUPQGUV±EWDKGTVQRQTNC)CTCPVÃCPKRQTNC4GURQPUCDKNKFCFFGN2TQFWEVQ
,WGIQUFGUGTXKEKQ
UGTXKEGMKVU
5GGPEWGPVTCPFKURQPKDNGU UGTXKEGMKVU RCTCTGXKUKQPGUQOCPVGPKOKGPVQRTGXGPVKXQ
X¾CUGNCUGEEKÉP
,WGIQUFGUGTXKEKQ
UGTXKEGMKVU
%QPVTCVQUFGUGTXKEKQ
#VNCU%QREQQHTGEGXCTKQUVKRQUFGEQPVTCVQUFGUGTXKEKQGXKV±PFQNGCUÃEWCNSWKGTVTCDCLQFG
OCPVGPKOKGPVQRTGXGPVKXQ%QPUWNVGCN%GPVTQFG5GTXKEKQC%NKGPVGUFG#VNCU%QREQ

)GPGTCNKFCFGU
#NTGXKUCTECODKGVQFCUNCULWPVCULWPVCUVÉTKECU[CTCPFGNCUFGUOQPVCFCU
+PVGTXCNQU
'N%GPVTQFG5GTXKEKQC%NKGPVGUFG#VNCU%QREQNQECNRWGFGQDXKCTGNRTQITCOCFGOCPVGPKOKGPVQ
GURGEKCNOGPVGGPNQSWGUGTGHKGTGCNQUKPVGTXCNQUFGUGTXKEKQGPHWPEKÉPFGNCUEQPFKEKQPGUCODKGPVCNGU
[FGVTCDCLQFGNEQORTGUQT
.CUEQORTQDCEKQPGUFGNQUKPVGTXCNQUNCTIQUFGDGPVCODK¾PKPENWKTNCUFGNQUKPVGTXCNQUEQTVQU
2NCPGUFGUGTXKEKQRCTCEQORTGUQTGUEQPTGIWNCFQT'NGMVTQPKMQP++
#FGO±UFGNCUEQORTQDCEKQPGUFKCTKCU[VTKOGUVTCNGUNCUQRGTCEKQPGUFGUGTXKEKQUGCITWRCPGPRNCPGU
NNCOCFQU2NCPGUFG5GTXKEKQ#$GVEEQOQUGGURGEKHKECGPGNRTQITCOCUKIWKGPVG%CFCRNCPVKGPGWP
KPVGTXCNQFGVKGORQRTQITCOCFQCNSWGFGDGPNNGXCTUGCECDQVQFCUNCUCEEKQPGUFGUGTXKEKQ
RGTVGPGEKGPVGUCFKEJQRNCP#NCNECP\CTGNKPVGTXCNQCRCTGEGT±WPOGPUCLGGPNCRCPVCNNCSWGKPFKECSW¾
2NCPGUFGUGTXKEKQFGDGPTGCNK\CTUGEQPUWNVGNCUGEEKÉP/GPÐ&CVQUFGGUVCFQ*C[SWGTGCTOCTNQU
KPVGTXCNQUFGURW¾UFGNUGTXKEKQEQPUWNVGNCUGEEKÉP/GPÐ5GTXKEKQ
2TQITCOCFGOCPVGPKOKGPVQRTGXGPVKXQ
)GPGTCNKFCFGU
2GTÃQFQ 1RGTCEKÉP
&KCTKQ %QORTWGDGGNPKXGNFGNCEGKVG
ŋ %QORTWGDGNCUKPFKECEKQPGUGPGNFKURNC[
ŋ %QORTWGDGSWGUGFGUECTICEQPFGPUCFQFWTCPVGNCECTIC
ŋ 2WTIWGGNEQPFGPUCFQ
ŋ 2CTC)#C)#%EQORTWGDGGNKPFKECFQTFGUGTXKEKQFGNHKNVTQFGCKTG
ŋ 2CTC)#C)#%TGHTKIGTCFQURQTCIWCEQORTWGDGGNHNWLQFGCIWCFG
TGHTKIGTCEKÉP
ŋ 2CTC)#C)#%EQP+%&EQORTWGDGNCVGORGTCVWTCFGNRWPVQFGTQEÃQFG
RTGUKÉP
%CFCOGUGU %QORTWGDGNQUTGHTKIGTCFQTGUNÃORKGNQUGPECUQRTGEKUQ
ŋ 2CTC)#C)#%EQP+(&EQORTWGDGGNEQPFGPUCFQTFGNUGECFQT[NÃORKGNQUKGU
PGEGUCTKQ
ŋ 'ZVTCKICGNGNGOGPVQHKNVTCPVGFGCKTG.KORKCTEQPEJQTTQFGCKTG[TGXKUCT
/±UCOGPWFQUKUGVTCDCLCGPWPCODKGPVGRQNXQTKGPVQ
4GGORNCEGGNGOGPVQUFCÇCFQUQOW[EQPVCOKPCFQU

2CTC)#C)#%
*QTCUFG 2NCPFGUGTXKEKQ 1RGTCEKÉP

HWPEKQPCOKGPVQ
5KUGWVKNK\C#VNCU%QREQ(QQF)TCFG(NWKFECODKGGNCEGKVG[
TGGORNCEGGNHKNVTQFGCEGKVG
# 5KUGWVKNK\C#VNCU%QREQ4QVQKPLGEV(NWKFECODKGGNCEGKVG[
5KUGWVKNK\C#VNCU%QREQ5[PVJGVKE2#1(NWKFRCTCCRNKECEKQPGUFG
OGODTCPCECODKGGNCEGKVG[TGGORNCEGGNHKNVTQFGCEGKVG
$ 4GGORNCEGGNGNGOGPVQHKNVTCPVGFGCKTG
$ %QORTWGDGNCUNGEVWTCUFGRTGUKÉP[VGORGTCVWTC
$ .NGXGCECDQWPCRTWGDCFGNQU.'&FKURNC[
$ %QORTWGDGRQTUKJC[HWICUFGCKTGQCEGKVG
$ 2CTC)#C)#%TGHTKIGTCFQURQTCIWCEQORTWGDGUKGZKUVGP
HWICUFGCIWC
$ .KORKGNQUTGHTKIGTCFQTGU
$ 2CTC)#C)#%EQP+(&NKORKGGNEQPFGPUCFQTFGNUGECFQT
$ 'ZVTCKICFGUOCPVGNG[NKORKGNCX±NXWNCFGHNQVCFQTFGNEQNGEVQT
FGEQPFGPUCFQ
$ 4GGPITCUGNQUEQLKPGVGUFGNOQVQTFGCEEKQPCOKGPVQFGNCOCPGTC
GURGEKHKECFC
$ 2TWGDGNCHWPEKÉPFGRCTCFCFGVGORGTCVWTC
$ 2TWGDGNCUX±NXWNCUFGUGIWTKFCF
$ 2CTC)#C%EQP+%&TGGORNCEGNQUUKNGPEKCFQTGUFGN
UGECFQT
$ 2CTC)#C%EQP+%&TGGORNCEGNQUGNGOGPVQUFGNQUHKNVTQU
+2&[&&R
% 5KUGWVKNK\C#VNCU%QREQ*&4QVQ(NWKF2NWUECODKGGNCEGKVG[
% 4GGORNCEGGNUGRCTCFQTFGCEGKVG1UKNCECÃFCFGRTGUKÉPUQDTG
GNUGRCTCFQTGZEGFGDCT
RUK%QORTWGDGNCECÃFCFG
RTGUKÉPEQPGNEQORTGUQTVTCDCLCPFQGPECTIC[RTGHGTKDNGOGPVG
EQPWPCRTGUKÉPFGVTCDCLQGUVCDNG
% 2CTC)#C%EQP+%&KPVGTECODKGGNUGPUQTFGRWPVQFG
TQEÃQ
'NEGTVKHKECFQUÉNQGUX±NKFQFWTCPVGWPCÇQRCTCCEVWCNK\CTNQ
EQPUWNVGCUW%GPVTQFG5GTXKEKQC%NKGPVGUFG#VNCU%QREQ
5KUGWVKNK\C#VNCU%QREQ4QVQ'ZVTGOG&WV[(NWKFECODKGGN
CEGKVG[TGGORNCEGGNHKNVTQFGCEGKVG
& 2CTC)#C%EQP+%&TGGORNCEGGNFGUGECPVGFGNUGECFQT
'PEQPFKEKQPGUFGHWPEKQPCOKGPVQPQTOCNGUNCXKFCÐVKNFGN
FGUGECPVGGUCRTQZKOCFCOGPVGFGCÇQU

+ORQTVCPVG
Ő %QPUWNVGUKGORTGC#VNCU%QREQRCTCOQFKHKECTGNCLWUVGFGWPVGORQTK\CFQT
Ő 2CTCEQPQEGTGNKPVGTXCNQFGECODKQFGCEGKVG[HKNVTQFGCEGKVGGPEQPFKEKQPGU
GZVTGOCUFGVGORGTCVWTCJWOGFCFQCKTGFGTGHTKIGTCEKÉPEQPUWNVGC#VNCU
%QREQ
Ő &GDGTGRCTCTEWCNSWKGTHWICKPOGFKCVCOGPVG*C[SWGUWUVKVWKTVWDGTÃCUQLWPVCU
HNGZKDNGUFCÇCFCU
'URGEKHKECEKQPGUFGNCEGKVG
0QOG\ENGPWPECCEGKVGUFGOCTECUQVKRQUFKHGTGPVGU
5GTGEQOKGPFCOW[GPECTGEKFCOGPVGWVKNK\CT#VNCU%QREQ(NWKF
EQPUWNVGNCUGEEKÉP2TQITCOCFG
OCPVGPKOKGPVQRTGXGPVKXQ
#VNCU%QREQ4QVQ+PLGEV(NWKF
#EGKVGRCTCWPKFCFGU+'%[WPKFCFGU%5#7.EQPWPXQNVCLGFGOQVQTFG8
#VNCU%QREQ4QVQ+PLGEV(NWKFGUWPCEGKVGGURGEKCNRCTCEQORTGUQTGUFGGURKTCN[VQTPKNNQEQPKP[GEEKÉP
FGCEGKVGSWGOCPVKGPGGNEQORTGUQTGPGZEGNGPVGGUVCFQ4QVQ+PLGEV(NWKFRWGFGTGUWNVCTÐVKNRCTC
EQORTGUQTGUSWGHWPEKQPGPCVGORGTCVWTCUCODKGPVGFGGPVTGu%
u([u%
u(
EQPUWNVG
NCUGEEKÉP5GTXKEGMKVU
#VNCU%QREQ*&4QVQ(NWKF2NWU
#EGKVGRCTCWPKFCFGU%5#7.GZEGRVQRCTCWPKFCFGUEQPWPXQNVCLGFGOQVQTFG8
#EGKVGGURGEKCNUWOKPKUVTCFQEQOQQREKÉPRCTCWPKFCFGU+'%[WPKFCFGU%5#7.EQPWPXQNVCLGFG
OQVQTFG8
#VNCU%QREQ*&4QVQ(NWKF2NWUGUWPCEGKVGGURGEKCNRCTCEQORTGUQTGUFGGURKTCN[VQTPKNNQQPKP[GEEKÉP
FGCEGKVGSWGOCPVKGPGGNEQORTGUQTGPGZEGNGPVGGUVCFQ*&4QVQ(NWKF2NWURWGFGWVKNK\CTUGRCTC
u([u%
u(
EQPUWNVG
#VNCU%QREQ4QVQ'ZVTGOG&WV[(NWKF
#EGKVGGURGEKCNUWOKPKUVTCFQEQOQQREKÉP
#VNCU%QREQ*&4QVQ'ZVTGOG&WV[(NWKFGUWPCEGKVGGURGEKCNRCTCEQORTGUQTGUFGGURKTCN[VQTPKNNQQP
KP[GEEKÉPFGCEGKVGSWGOCPVKGPGGNEQORTGUQTGPGZEGNGPVGGUVCFQ#VNCU%QREQ*&4QVQ'ZVTGOG&WV[
(NWKFRWGFGWVKNK\CTUGRCTCEQORTGUQTGUSWGHWPEKQPGPCVGORGTCVWTCUCODKGPVGFGGPVTGu%
u([
u%
u(
EQPUWNVGNCUGEEKÉP5GTXKEGMKVU
#VNCU%QREQ(QQF)TCFG(NWKF

#VNCU%QREQ(QQF)TCFG(NWKFGUWPNWDTKECPVGUKPV¾VKEQFGCNVCECNKFCFGZENWUKXQETGCFQGURGEKCNOGPVG
RCTCEQORTGUQTGUFGVQTPKNNQQPKP[GEEKÉPFGCEGKVGSWGUWOKPKUVTCPCKTGRCTCNCKPFWUVTKCFG
CNKOGPVCEKÉP'UVGNWDTKECPVGOCPVKGPGGNEQORTGUQTGPRGTHGEVQGUVCFQ'NCEGKVG(QQF)TCFGRWGFG
WVKNK\CTUGRCTCEQORTGUQTGUSWGHWPEKQPGPCVGORGTCVWTCUCODKGPVGFGGPVTGu%
u([u%

u(
EQPUWNVGNCUGEEKÉP5GTXKEGMKVU
#VNCU%QREQ5[PVJGVKE2#1(NWKFRCTCCRNKECEKQPGUFGOGODTCPC
#VNCU%QREQ5[PVJGVKE2#1(NWKFRCTCCRNKECEKQPGUFGOGODTCPCGUWPNWDTKECPVGUKPV¾VKEQFGCNVC
ECNKFCFGZENWUKXQETGCFQGURGEKCNOGPVGRCTCCRNKECEKQPGUFGOGODTCPC'UVGNWDTKECPVGOCPVKGPGGN
EQORTGUQTGPRGTHGEVQGUVCFQ5[PVJGVKE2#1(WKFRCTCCRNKECEKQPGUFGOGODTCPCRWGFGWVKNK\CTUGRCTC
u([u%
u(
EQPUWNVG
1DUGTXCEKÉP
'NFGRÉUKVQFGCKTGVCPSWGFGCEGKVGNNGXCWPCGVKSWGVCSWGKPFKECGNVKRQFGCEGKVG
NNGPCFQGPH±DTKEC
%CODKQFGCEGKVG[HKNVTQUFGCEGKVG
#XKUQ

2TQEGFKOKGPVQ
%QORQPGPVGUFGNUKUVGOCFGCEGKVGFG)#C)#%

6CRQPGUFGFTGPCLGFGCEGKVGFG)#C)#%
*CICHWPEKQPCTGNEQORTGUQTJCUVCSWGUGECNKGPVG2CTGGNOQVQTFGURW¾UFGOKPWVQUFG
HWPEKQPCOKGPVQGPFGUECTIC%KGTTGNCX±NXWNCFGUCNKFCFGCKTG[FGUEQPGEVGGNXQNVCLG'URGTG
WPQUEWCPVQUOKPWVQU[FGURTGUWTKEGFGUCVQTPKNNCPFQGNVCRÉPFGTGNNGPQFGCEGKVG
(%PQ
O±USWGWPCUQNCXWGNVCRCTCRGTOKVKTSWGUGGUECRGEWCNSWKGTRTGUKÉPSWGRWFKGTCJCDGTGPGN
UKUVGOC
'P)#C)#%CHNQLGGNVCRÉPFGXGPVKNCEKÉPFGNTGHTKIGTCFQTFGCEGKVG[GURGTG
OKPWVQU%QPUWNVGNCUGEEKÉP+PVTQFWEEKÉPRCTCEQPQEGTNCRQUKEKÉPFGNVCRÉPFGXGPVKNCEKÉP

82
'P)#C)#%XCEÃGGNCEGKVGSWKVCPFQGNVCRÉPFGFTGPCLG
Ő GPGNFGRÉUKVQFGCKTG
&2
Ő GPNCX±NXWNCFGTGVGPEKÉP
&2
Ő GPNCX±NXWNCFGEKGTTGFGCEGKVG
&2
4GEQLCGNCEGKVGGPWPTGEKRKGPVG[GPVT¾IWGNQCNUGTXKEKQFGTGEQIKFCFGCEGKVG4GKPUVCNG[
CRTKGVGNQUVCRQPGUFGFTGPCLG[XGPVKNCEKÉPFGURW¾UFGNFTGPCLG

'ZVTCKICGNHKNVTQFGCEGKVG
1(.KORKGGNCUKGPVQFGNFKUVTKDWKFQT.WDTKSWGEQPCEGKVGNCLWPVC
FGNPWGXQHKNVTQ[CVQTPÃNNGNQGPUWUKVKQ#RTKGVGHKTOGOGPVGCOCPQ
'ZVTCKICGNVCRÉPFGNNGPCFQ
(%
'P)#C)#%TGNNGPGGNFGRÉUKVQFGCKTG
#4EQPCEGKVGJCUVCSWGGNPKXGNNNGIWGCN
EWGNNQFGNNGPCFQ
%WKFGFGSWGPQECKICUWEKGFCFGPGNUKUVGOC4GKPUVCNG[CRTKGVGGNVCRÉPFGNNGPCFQ
(%
*CICHWPEKQPCTGNEQORTGUQTGPECTICWPQUOKPWVQU2CTGGNEQORTGUQT[GURGTGWPQU
OKPWVQUCHKPFGRGTOKVKTSWGUGTGRQUGGNCEGKVG
&GURTGUWTKEGGNUKUVGOCFGUCVQTPKNNCPFQGNVCRÉPFGNNGPCFQ
(%WPCUQNCXWGNVCRCTCRGTOKVKT
SWGUGGUECRGNCRTGUKÉPSWGRWFKGTCJCDGTGPGNUKUVGOC'ZVTCKICGNVCRÉP
'P)#C)#%TGNNGPGGNFGRÉUKVQFGCKTGEQPCEGKVGJCUVCSWGGNPKXGNNNGIWGCNEWGNNQFG
NNGPCFQ
#RTKGVGGNVCRÉPFGNNGPCFQ
4GUVCDNG\ECGNVGORQTK\CFQTFGUGTXKEKQ
Ő 2CTCEQORTGUQTGUGSWKRCFQUEQPWPTGIWNCFQT'NGMVTQPKMQP++FGURW¾UFGTGCNK\CTVQFCU
NCUCEEKQPGUFGUGTXKEKQGPGN2NCPFGUGTXKEKQEQTTGURQPFKGPVGTGCTOGGNCXKUQFG
UGTXKEKQEQPUWNVGNCUGEEKÉP/GPÐ5GTXKEKQ
#NOCEGPCOKGPVQFGURW¾UFGNCKPUVCNCEKÉP
2TQEGFKOKGPVQ
2QPICGPOCTEJCGNEQORTGUQTRQTGLGORNQFQUXGEGUCNCUGOCPCJCUVCSWGUGECNKGPVG%CTIWG[
FGUECTIWGGNEQORTGUQTWPCUEWCPVCUXGEGU
5KGNEQORTGUQTUGXCCCNOCEGPCTUKPHWPEKQPCTFGXG\GPEWCPFQVQOGNCUOGFKFCU
FGRTQVGEEKÉPSWGEQTTGURQPFCP%QPUWNVGC#VNCU%QREQ
,WGIQUFGUGTXKEKQ
UGTXKEGMKVU
&GUETKREKÉP
5GGPEWGPVTCPFKURQPKDNGULWGIQUFGUGTXKEKQ
UGTXKEGMKVU SWGNGQHTGEGPNQUDGPGHKEKQUFGNCURCTVGU
QTKIKPCNGUFG#VNCU%QREQ[CNOKUOQVKGORQOCPVKGPGPDCLQUWRTGUWRWGUVQFGOCPVGPKOKGPVQ.QU
LWGIQUEQPVKGPGPVQFCUNCURKG\CUPGEGUCTKCURCTCGNUGTXKEKQ
5GTXKEGMKV RCTCHKNVTQUFGCEGKVG[HKNVTQUFGCKTG
5GTXKEGMKV RCTCHKNVTQUFGCEGKVG[HKNVTQUFGCKTG 0ÐOGTQFGRGFKFQ

)#
)#
)#%

5GTXKEGMKV RCTCUGRCTCFQTFGCEGKVG
5GTXKEGMKV RCTCUGRCTCFQTFGCEGKVG 0ÐOGTQFGRGFKFQ

)#C)#%
5GTXKEGMKVU RCTCUGECFQTGU+%&
2NCPFGUGTXKEKQ$[% 0ÐOGTQFGRGFKFQ
+%&
+%&
+%&
2NCPFGUGTXKEKQ& 0ÐOGTQFGRGFKFQ
+%&
+%&
+%&
)TCUCRCTCOQVQTGU
0ÐOGTQFGRGFKFQ
)#C)#%
#VNCU%QREQ4QVQ+PLGEV(NWKF
%QPUWNVGVCODK¾PNCUGEEKÉP'URGEKHKECEKÉPFGCEGKVG
0ÐOGTQFGRGFKFQ
.CVCFGNKVTQU
75ICN+ORICN
.CVCFGNKVTQU
75ICN+ORICN
$CTTKNFGNKVTQU
75ICN+ORICN
#VNCU%QREQ*&4QVQ(NWKF2NWU
0ÐOGTQFGRGFKFQ
.CVCFGNKVTQU
75ICN+ORICN
$CTTKNFGNKVTQU
75ICN+ORICN
#VNCU%QREQ4QVQ'ZVTGOG&WV[
0ÐOGTQFGRGFKFQ
.CVCFGNKVTQU
75ICN+ORICN
.CVCFGNKVTQU
75ICN+ORICN

#VNCU%QREQ(QQF)TCFG
0ÐOGTQFGRGFKFQ
.CVCFGNKVTQU
75ICN+ORICN
$CTTKNFGNKVTQU
75ICN+ORICN
#VNCU%QREQ5[PVJGVKE2#1(NWKFRCTCCRNKECEKQPGUFGOGODTCPC
0ÐOGTQFGRGFKFQ
.CVCFGNKVTQU
75ICN+ORICN

#LWUVGU[RTQEGFKOKGPVQUFGUGTXKEKQ
(KNVTQFGCKTG
7DKECEKÉPFGNHKNVTQFGCKTG
(KNVTQFGCKTG)#C)#%

+PFKECFQTFGUGTXKEKQ)#C)#%
2TQEGFKOKGPVQ
2CTGGNEQORTGUQT&GUEQPGEVGGNXQNVCLG
5WGNVGNCUCDTC\CFGTCUFGNHKNVTQFGCKTG
#([GZVTCKICGNEQNGEVQTFGRQNXQ[GNGOGPVQHKNVTCPVGFG
CKTG.KORKGGNEQNGEVQT&GUGEJGGNGNGOGPVQHKNVTCPVG
+PUVCNGGNPWGXQGNGOGPVQ[EQNGEVQT
4GCTOGGNKPFKECFQTFGUGTXKEKQ
CRTGVCPFQGNDQVÉPGPGNGZVTGOQFGNEWGTRQ
4GCTOGGNCXKUQFGUGTXKEKQFGNHKNVTQFGCKTG
%QPUWNVGNCUGEEKÉP/GPÐ&CVQUFGGUVCFQRCTCTGCTOCTGNOGPUCLGFGUGTXKEKQGPTGIWNCFQTGU
'NGMVTQPKMQP++
4GHTKIGTCFQTGU
.KORKG\C
/CPVGPICNKORKQUNQUTGHTKIGTCFQTGURCTCTGVGPGTNCGHKEKGPEKCFGTGHTKIGTCEKÉP
'PEQORTGUQTGUTGHTKIGTCFQURQTCKTG
Ő 2CTGGNEQORTGUQTEKGTTGNCX±NXWNCFGUCNKFCFGCKTG[FGUEQPGEVGGNXQNVCLG
Ő %WDTCVQFCUNCURKG\CUFGDCLQFGNQUTGHTKIGTCFQTGU

Ő 'ZVTCKICVQFQGNRQNXQFGNQUTGHTKIGTCFQTGUEQPWPEGRKNNQFGEGTFCU0QGORNGGPWPECWPEGRKNNQFG
CNCODTGUPKQDLGVQUOGV±NKEQU
Ő 5GIWKFCOGPVGUQRNGEQPCKTGEQORTKOKFQGPUGPVKFQQRWGUVQCNHNWLQPQTOCN
Ő 5KGURTGEKUQSWGUGNKORKGPNQUTGHTKIGTCFQTGUEQPC[WFCFGWPFGVGTIGPVGEQPUWNVGC#VNCU%QREQ
Ő %QPUWNVGC#VNCU%QREQRCTCNCNKORKG\C
8±NXWNCUFGUGIWTKFCF
2QUKEKÉPFGX±NXWNCFGUGIWTKFCF
)#C)#%
#EEKQPCOKGPVQ
#EEKQPGNCX±NXWNCFGUGIWTKFCFFGUCVQTPKNNCPFQNCVCRCWPCQFQUXWGNVCU[CVQTPKNN±PFQNCFGPWGXQ
2TWGDC
#PVGUFGSWKVCTNCX±NXWNCFGUGIWTKFCFFGURTGUWTKEGGNEQORTGUQT%QPUWNVGNCUGEEKÉP5QNWEKÉPFG
RTQDNGOCU
.CX±NXWNC
58RWGFGRTQDCTUGGPWPCNÃPGCFGCKTGEQORTKOKFQUGRCTCFC5KPQUGCDTGNCX±NXWNCCNC
RTGUKÉPGUVCORCFCGPNCOKUOCEQPUWNVGC#VNCU%QREQ
#XKUQ
0QUGRGTOKVGPKPIÐPCLWUVG0WPECFGLGHWPEKQPCTGNEQORTGUQTUKPNCX±NXWNCFGUGIWTKFCF

#XKUQ
#PVGUFGGORG\CTGNVTCDCLQFGOCPVGPKOKGPVQQTGRCTCEKÉPUQDTGGNEQORTGUQT
RWNUGGNDQVÉPFGRCTCFCGURGTGJCUVCSWGUGRCTGGNEQORTGUQT
CRTQZ
UGIWPFQURWNUGGNDQVÉPFGRCTCFCFGGOGTIGPEKC[FGUEQPGEVGGNXQNVCLG%KGTTGNC
X±NXWNCFGUCNKFCFGCKTG[CDTCNCUX±NXWNCUFGFTGPCLGOCPWCNFGNEQPFGPUCFQ
&GURTGUWTKEGGNEQORTGUQTCDTKGPFQGNVCRÉPFGNNGPCFQFGCEGKVGWPCXWGNVC
2CTCKPHQTOCTUGUQDTGGNGORNC\COKGPVQFGNQUEQORQPGPVGUEQPUWNVGNCU
UGEEKQPGU
Ő +PVTQFWEEKÉP
Ő 5KUVGOCFGEQPFGPUCFQ
Ő #TTCPSWGKPKEKCN
#DTC[DNQSWGGGNKPVGTTWRVQTUGRCTCFQT
.CX±NXWNCFGUCNKFCFGCKTGRWGFGUGTDNQSWGCFCFWTCPVGGNOCPVGPKOKGPVQQ
TGRCTCEKQPGUFGNCOCPGTCUKIWKGPVG
Ő %KGTTGNCX±NXWNC
Ő 'ZVTCKICGNVQTPKNNQSWGUWLGVCGNOCPIQEQPNCNNCXGSWGUGGPVTGICEQPGN
EQORTGUQT
Ő .GXCPVGGNOCPIQ[IÃTGNQJCUVCSWGGNTGDQTFGFGDNQSWGQGPGNEWGTRQFGNC
X±NXWNCGPECLGGPNCTCPWTCFGNOCPIQ
Ő +PUVCNGGNVQTPKNNQ
(CNNQU[UQNWEKQPGU
%QPFKEKÉP (CNNQ 5QNWEKÉP

'NEQORTGUQTUGRQPGGP #XGTKCFCNCX±NXWNCFGUQNGPQKFG 4GGORNCEGNCX±NXWNC
OCTEJCRGTQPQECTICFGURW¾U
FGWPRGTÃQFQFGTGVTCUQ
8±NXWNCFGGPVTCFCRGICFCGP *CICSWGUGEQORTWGDGNC
RQUKEKÉPEGTTCFC X±NXWNC
(WICGPVWDQUHNGZKDNGUFGCKTG 4GGORNCEGGNVWDQHNGZKDNG
FGEQPVTQN EQPNCHWIC
(WICGPX±NXWNCFGRTGUKÉP *CICSWGUGEQORTWGDGNC
OÃPKOC
EWCPFQNCTGFFGCKTG X±NXWNC
GUV±FGURTGUWTK\CFC

'NEQORTGUQTPQFGUECTICNC #XGTKCFCNCX±NXWNCFGUQNGPQKFG 4GGORNCEGNCX±NXWNC
X±NXWNCFGUGIWTKFCFFKURCTC
.CX±NXWNCFGGPVTCFCPQEKGTTC *CICSWGUGEQORTWGDGNC
X±NXWNC


'NUGRCTCFQTFGEQPFGPUCFQPQ 6WDQHNGZKDNGFGFGUECTIC %QORTWGDG[TGRCTGUGIÐP
FGUECTICEQPFGPUCFQFWTCPVG CVCUECFQ UGCPGEGUCTKQ
NCECTIC
.CX±NXWNCFGHNQVCFQTHWPEKQPC 'ZVTCKICGNEQPLWPVQFGNC
OCN X±NXWNCFGHNQVCFQTNKORKG[
EQORTW¾DGNQ

.CUCNKFCFGCKTGFGNEQORTGUQT 'NEQPUWOQFGCKTGGZEGFGGN %QORTWGDGGNGSWKRQ
QNCRTGUKÉPGUKPHGTKQTCNQ UWOKPKUVTQFGNEQORTGUQT EQPGEVCFQ
PQTOCN
'NGOGPVQHKNVTCPVGCKTGQDUVTWKFQ %CODKGGNGNGOGPVQHKNVTCPVG
#XGTKCFCNCX±NXWNCFGUQNGPQKFG 4GGORNCEGNCX±NXWNC
(WICGPVWDQUHNGZKDNGUFGCKTG 4GGORNCEGNQUVWDQU
FGEQPVTQN HNGZKDNGUEQPHWICU
.CX±NXWNCFGGPVTCFCPQUG *CICSWGUGEQORTWGDGNC
CDTGEQORNGVCOGPVG X±NXWNC
5GRCTCFQTFGCEGKVGQDUVTWKFQ *CICSWGUGTGGORNCEGGN
GNGOGPVQ
(WICUFGCKTG *CICSWGTGRCTGPNCUHWICU
.CX±NXWNCFGUGIWTKFCFVKGPG 5WUVKVW[CNCX±NXWNC
HWICU
#XGTKCFQGNGNGOGPVQ %QPUWNVGC#VNCU%QREQ
EQORTGUQT

(NWLQGZEGUKXQFGCEGKVGC .CX±NXWNCFGTGVGPEKÉPVKGPG 4GGORNCEGNCURKG\CU
VTCX¾UFGNHKNVTQFGCURKTCEKÉPFG HWICUQVTCDCFCNCX±NXWNCFG CXGTKCFCU4GGORNCEGGN
CKTGFGURW¾UFGRCTCTGP)# EKGTTGFGCEGKVG GNGOGPVQHKNVTCPVGFGCKTG
C)#%

.CX±NXWNCFGUGIWTKFCFFKURCTC #XGTÃCFGNCX±NXWNCFGGPVTCFC *CICSWGUGEQORTWGDGNC
FGURW¾UFGECTICT X±NXWNC
#XGTÃCFGNCX±NXWNCFGRTGUKÉP *CICSWGUGEQORTWGDGNC
OÃPKOC X±NXWNC
#XGTKCFCNCX±NXWNCFG 5WUVKVW[CNCX±NXWNC
UGIWTKFCF
#XGTKCFQGNGNGOGPVQ %QPUWNVGC#VNCU%QREQ
EQORTGUQT
#VCUECFQGNGNGOGPVQUGRCTCFQT *CICSWGUGTGGORNCEGGN
FGCEGKVG GNGOGPVQ


6GORGTCVWTCFGUCNKFCFGN 0KXGNFGCEGKVGFGOCUKCFQDCLQ %QORTWGDG[EQTTKLC
GNGOGPVQEQORTGUQTQFGNCKTG
FGUWOKPKUVTQUWRGTKQTCNQ
PQTOCN
'PEQORTGUQTGUTGHTKIGTCFQU $WUSWGNCTGUVTKEEKÉPFGNCKTG
RQTCKTGCKTGFGTGHTKIGTCEKÉP FGTGHTKIGTCEKÉPQOGLQTGNC
KPUWHKEKGPVGQFGOCUKCFQCNVCNC XGPVKNCEKÉPFGNCUCNC'XKVG
VGORGTCVWTCFGNOKUOQ NCTGEKTEWNCEKÉPFGNCKTGFG
TGHTKIGTCEKÉP5KUGJCNNC
KPUVCNCFQWPXGPVKNCFQTGPNC
UCNCFGNEQORTGUQT
EQORTWGDGUWECRCEKFCF
'PEQORTGUQTGUTGHTKIGTCFQU #WOGPVGGNHNWLQ
RQTCIWCHNWLQFGCIWCFG
TGHTKIGTCEKÉPFGOCUKCFQDCLQ
'PEQORTGUQTGUTGHTKIGTCFQU %QPUWNVGCN%GPVTQFG
RQTCIWCQDUVTWEEKÉPGPGN 5GTXKEKQC%NKGPVGUFG#VNCU
UKUVGOCFGCIWCFG %QREQ
TGHTKIGTCEKÉP
#VCUECFQGNTGHTKIGTCFQTFG .KORKGGNTGHTKIGTCFQT
CEGKVG
/CNHWPEKQPCOKGPVQFGNC *CICSWGUGRTWGDGNC
X±NXWNCFGFGTKXCEKÉP X±NXWNC
4GHTKIGTCFQTFGCKTGQDVWTCFQ .KORKGGNTGHTKIGTCFQT
#XGTKCFQGNGNGOGPVQ %QPUWNVGCN%GPVTQFG
EQORTGUQT 5GTXKEKQC%NKGPVGUFG#VNCU
%QREQ
6CODK¾PGP)#9QTMRNCEG((EQP+%&

6GORGTCVWTCFGRWPVQFGTQEÃQ #ÐPPQUGJCTGIGPGTCFQGN %KGTTGNCX±NXWNCFGUCNKFCFGN
CRTGUKÉPFGOCUKCFQCNVQ UGECFQT UGECFQT[JCICSWGTGIGPGTG
GNFGUGECPVG
#IWCNKDTGGPGPVTCFCFGCKTG %QORTWGDGSWGGUV±P
EQORTKOKFQ QRGTCVKXQUNQUUGRCTCFQTGU[
FKURQUKVKXQUFGFTGPCLGFG
EQPFGPUCFQEQPCPVGTKQTKFCF
CNUGECFQT
(NWLQFGCKTGRQTGNUGECFQT %QTTKLCUGIÐPRTQEGFC
FGOCUKCFQGNGXCFQ
2TGUKÉPFGUCNKFCFGOCUKCFQ %QORTWGDGUKGNEQORTGUQT
DCLC RTQRQTEKQPCUWHKEKGPVGCKTGC
NCCRNKECEKÉP
6GORGTCVWTCFGNCKTG %QORTWGDGGNTGHTKIGTCFQT
EQORTKOKFQGPNCGPVTCFCFGN RQUVGTKQTFGNEQORTGUQT
UGECFQTFGOCUKCFQGNGXCFC


'NUGECFQTJCEGOWEJQTWKFQ .QUUKNGPEKCFQTGUUQP %QORTWGDGNQUUKNGPEKCFQTGU
FGHGEVWQUQUQGUV±POCN [UWUCEEGUQTKQUFGHKLCEKÉP
EQPGEVCFQU

0QUCNGDCUVCPVGCKTGFGN &GOCUKCFQHNWLQFGCKTGGP %QORTWGDGGNGUVCFQFGNCU
UGECFQT RWTIC X±NXWNCUFGUQNGPQKFGFGNCU
X±NXWNCUPGWO±VKECU[FGNC
X±NXWNCFGXÃCU
4GGORN±EGNCUUKUQP
FGHGEVWQUCU

&CVQUV¾EPKEQU
+PFKECEKQPGUGPGNFKURNC[
&KURNC[FGNTGIWNCFQT'NGMVTQPKMQP
+ORQTVCPVG
.CUNGEVWTCUOGPEKQPCFCUCPVGTKQTOGPVGUQPX±NKFCUDCLQNCUEQPFKEKQPGUFG
TGHGTGPEKC
X¾CUGNCUGEEKÉP%QPFKEKQPGUFGTGHGTGPEKC[NÃOKVGU
4GHGTGPEKC .GEVWTC
2TGUKÉPFGUCNKFCFG (NWEVÐCGPVTGNCURTGUKQPGUFGFGUECTIC[ECTICRTQITCOCFCU
CKTG
6GORGTCVWTCFGUCNKFC 2CTCWPKFCFGU)#C)#%TGHTKIGTCFCURQTCKTGCRTQZu%
u(
FGNGNGOGPVQ UQDTGNCVGORGTCVWTCFGGPVTCFCFGNCKTGFGTGHTKIGTCEKÉP
EQORTGUQT 2CTCWPKFCFGU)#C)#%TGHTKIGTCFCURQTCIWCCRTQZu%
u(
UQDTGNCVGORGTCVWTCFGGPVTCFCFGNCIWCFGTGHTKIGTCEKÉP
6GORGTCVWTCFGNRWPVQ 2CTC)#C)#%EQPUWNVGNCUGEEKÉP&CVQUFGNEQORTGUQTRCTC)#C
FGTQEÃQ )#%
&KHGTGPEKCFGRTGUKÉP 2CTC)#C)#%KPHGTKQTCDCT
RUK
UQDTGGNUGRCTCFQTFG
CEGKVG
6GORGTCVWTCFGUCNKFC 2CTC)#C)#%KPHGTKQTCu%
u(
FGNCIWCFG
TGHTKIGTCEKÉP

6COCÇQFGECDNGUGN¾EVTKEQU
#VGPEKÉP
.CUTGINCUNQECNGUUKIWGPGPXKIQTUKUQPO±UGUVTKEVCUSWGNQUXCNQTGURTQRWGUVQU
CDCLQ
.CECÃFCFGXQNVCLGPQFGDGGZEGFGTWPFGNXQNVCLGPQOKPCN2WGFGSWGUGC
PGEGUCTKQWVKNK\CTECDNGUFGVCOCÇQOC[QTSWGNQUGURGEKHKECFQUCHKPFGEWORNKTEQP
GUVCGZKIGPEKC
6COCÇQFGECDNGU
)# )# )# )#

9QTMRNCEG 9QTMRNCEG 9QTMRNCEG(WNN 9QTMRNCEG(WNN
ECDNGGP ECDNGCNCKTGNKDTG (GCVWTGECDNG (GCVWTGECDNGCN
EQPFWEVQ GPEQPFWEVQ CKTGNKDTG
(TGEWGPEKC 8QNVCLG 6COCÇQFG 6COCÇQFG 6COCÇQFG 6COCÇQFG
*\
8 ECDNGU ECDNGU ECDNGU ECDNGU
+'% 'UVTGNNC OO OO OO OO
VTK±PIWNQ
Z Z Z Z
Z Z Z Z
Z Z Z Z
Z Z Z Z
Z Z Z Z
Z Z Z Z
Z Z Z Z
Z Z Z Z
)#9QTMRNCEGEQPFWEVQTGU )#9QTMRNCEG(WNN(GCVWTG
FGEQDTGGPEQPFWEVQQECDNG EQPFWEVQTGUFGEQDTGGPEQPFWEVQ
QECDNG
(TGEWGPEKC 8QNVCLG 6COCÇQFGECDNGU 6COCÇQFGECDNGU
*\
8
%5#7. 'UVTGNNC #9) #9)
VTK±PIWNQ
Z#9) Z#9)
Z#9) Z#9)
Z#9)QZ#9) Z#9)QZ#9)
Z#9)QZ#9) Z#9)QZ#9)

)# )# )# )#

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VTK±PIWNQ
Z Z Z Z
Z Z Z Z
ZQZ Z Z ZQZ
Z Z Z Z
Z Z Z Z
Z Z Z Z
Z ZQZ Z ZQZ
ZQZ Z ZQZ ZQZ
)#9QTMRNCEGEQPFWEVQTGU )#9QTMRNCEG(WNN(GCVWTG
QECDNG
*\
8
%5#7. 'UVTGNNC #9) #9)
VTK±PIWNQ
Z#9) Z#9)
Z#9) Z#9)
Z#9)QZ#9) Z#9)QZ#9)
Z#9)QZ#9) Z#9)QZ#9)
)#% )#% )#% )#%

*\
VTK±PIWNQ
Z Z Z Z
Z Z Z Z
Z ZQZ Z ZQZ
ZQZ Z ZQZ Z
Z Z Z Z
Z Z Z Z
Z ZQZ Z ZQZ
ZQZ Z Z ZQZ

)#%9QTMRNCEGEQPFWEVQTGU )#%9QTMRNCEG(WNN(GCVWTG
QECDNG
*\
8
%5#7. 'UVTGNNC #9) #9)
VTK±PIWNQ
Z#9) Z#9)
Z#9) Z#9)
Z#9)QZ#9) Z#9)QZ#9)
Z#9)QZ#9) Z#9)QZ#9)
#LWUVGUFGNFKU[WPVQTFGNOQVQTFGNXGPVKNCFQT
&KU[WPVQT
)#[)# )#%
(TGEWGPEKC
*\ 8QNVCLG
8 &KU[WPVQTFGNOQVQT &KU[WPVQTFGNOQVQT
FGNXGPVKNCFQT3
# FGNXGPVKNCFQT3
#
+'% 'UVTGNNCVTK±PIWNQ

%5#7. 'UVTGNNCVTK±PIWNQ

#LWUVGUFGTGN¾FGUQDTGECTIC[HWUKDNGU
4GN¾FGUQDTGECTIC[HWUKDNGU
)# )# )# )# )#% )#%

(TGE
*\ 8QNVCLG 4GN¾FG (WUKDNGU 4GN¾FG (WUKDNGU 4GN¾FG (WUKDNGU

8 UQDTGECTIC RTKPEKRCNGU UQDTGECTIC RTKPEKRCNGU UQDTGECTIC RTKPEKRCNGU
(
# UWOKPKUVTQ (
# UWOKPKUVTQ (
# UWOKPKUVTQ
FGN FGN FGN
EQORTGUQT EQORTGUQT EQORTGUQT

#
#
#
+'% 'UVTGNNC I.I) I.I) I.I)
VTK±PIWNQ
%QPUWNVGNC %QPUWNVGNC %QPUWNVGNC
VCDNC VCDNC VCDNC
UKIWKGPVG[ UKIWKGPVG[ UKIWKGPVG[
6COCÇQFG 6COCÇQFG 6COCÇQFG
ECDNGU ECDNGU ECDNGU
GN¾EVTKEQU GN¾EVTKEQU GN¾EVTKEQU
VCDNC VCDNC VCDNC
VCDNC VCDNC VCDNC
VCDNC VCDNC VCDNC
VCDNC VCDNC VCDNC
VCDNC VCDNC VCDNC

)# )# )# )# )#% )#%

(TGE
*\ 8QNVCLG 4GN¾FG (WUKDNGU 4GN¾FG (WUKDNGU 4GN¾FG (WUKDNGU

8 UQDTGECTIC RTKPEKRCNGU UQDTGECTIC RTKPEKRCNGU UQDTGECTIC RTKPEKRCNGU
(
# UWOKPKUVTQ (
# UWOKPKUVTQ (
# UWOKPKUVTQ
FGN FGN FGN
EQORTGUQT EQORTGUQT EQORTGUQT

#
#
#
VCDNC VCDNC VCDNC
VCDNC VCDNC VCDNC
%5#7. 'UVTGNNC %5#*4% %5#*4% %5#*4%
VTK±PIWNQ 7.4- 7.4- 7.4-

#LWUVGO±ZKOQFGHWUKDNGRCTC)#C)#%
6COCÇQFGECDNG
OO (WUKDNGO±ZKOQ
#

+PVGTTWRVQTGUFGNUGECFQT
+(&
)GPGTCNKFCFGU
.QUFKURQUKVKXQUTGIWNCFQTGU[FGUGIWTKFCFGUV±PCLWUVCFQUGPH±DTKECRCTCQDVGPGTGNO±ZKOQ
TGPFKOKGPVQFGNUGECFQT
5GRTQJÃDGCNVGTCTGNCLWUVGFGFKEJQUFKURQUKVKXQU

%QPFKEKQPGUFGTGHGTGPEKC[NÃOKVGU
%QPFKEKQPGUFGTGHGTGPEKC
2TGUKÉP
CDUQNWVCFGGPVTCFCFGCKTG DCT
2TGUKÉP
CDUQNWVCFGGPVTCFCFGCKTG RUK
6GORGTCVWTCFGGPVTCFCFGCKTG u%
6GORGTCVWTCFGGPVTCFCFGCKTG u(
*WOGFCFTGNCVKXC
2TGUKÉPFGVTCDCLQRCTC)#C)#% %QPUWNVGNCUGEEKÉP&CVQUFGN
EQORTGUQTRCTC)#C)#%
'PWPKFCFGUTGHTKIGTCFCURQTCIWCVCODK¾P
6GORGTCVWTCFGGPVTCFCFGNCIWCFGTGHTKIGTCEKÉP u%
6GORGTCVWTCFGGPVTCFCFGNCIWCFGTGHTKIGTCEKÉP u(
.ÃOKVGU
2TGUKÉPFGVTCDCLQO±ZKOCRCTC)#C)#% %QPUWNVGNCUGEEKÉP&CVQUFGN
EQORTGUQTRCTC)#C)#%
2TGUKÉPOÃPKOCFGVTCDCLQ DCT
G
2TGUKÉPOÃPKOCFGVTCDCLQ RUKI
6GORGTCVWTCO±ZKOCFGGPVTCFCFGCKTG u%
6GORGTCVWTCO±ZKOCFGGPVTCFCFGCKTG u(
6GORGTCVWTCOÃPKOCFGGPVTCFCFGCKTG u%
6GORGTCVWTCOÃPKOCFGGPVTCFCFGCKTG u(
'PWPKFCFGUTGHTKIGTCFCURQTCIWCVCODK¾P
6GORGTCVWTCO±ZKOCFGUCNKFCFGNCIWCFG u%
TGHTKIGTCEKÉP
6GORGTCVWTCO±ZKOCFGUCNKFCFGNCIWCFG u(
TGHTKIGTCEKÉP
2TGUKÉPO±ZKOCFGGPVTCFCFGNCIWCFGTGHTKIGTCEKÉP DCT
G
2TGUKÉPO±ZKOCFGGPVTCFCFGNCIWCFGTGHTKIGTCEKÉP RUKI
&CVQUFGNEQORTGUQTRCTC)#C)#%
%QPFKEKQPGUFGTGHGTGPEKC
6QFQUNQUFCVQUGURGEKHKECFQUCEQPVKPWCEKÉPUGCRNKECPDCLQEQPFKEKQPGUFG
TGHGTGPEKCX¾CUGNCUGEEKÉP%QPFKEKQPGUFGTGHGTGPEKC[NÃOKVGU

)#
9
7PKFCF DCT DCT DCT RUK RUK

GU
(TGEWGPEKC *\
2TGUKÉPO±ZKOC
FGFGUECTIC DCT
G
2TGUKÉPO±ZKOC
FGFGUECTIC RUKI
2TGUKÉP
FGFGUECTICO±ZKOCWPKFCFGU(WNN DCT
G
(GCVWTGEQP+(&
2TGUKÉP
FGFGUECTICO±ZKOCWPKFCFGU(WNN RUKI
(GCVWTGEQP+(&
2TGUKÉP
FGFGUECTICO±ZKOCWPKFCFGU DCT
G
9QTMRNCEG(WNN(GCVWTGEQP+%&
2TGUKÉP
FGFGUECTICO±ZKOCWPKFCFGU RUKI
2TGUKÉPFGVTCDCLQPQOKPCN DCT
G
2TGUKÉPFGVTCDCLQPQOKPCN RUKI
2TGUKÉPFGVTCDCLQPQOKPCNWPKFCFGU DCT
G
9QTMRNCEG(WNN(GCVWTGEQP+(&
2TGUKÉPFGVTCDCLQPQOKPCNWPKFCFGU RUKI
9QTMRNCEG(WNN(GCVWTGEQP+(&
2TGUKÉPFGVTCDCLQPQOKPCNWPKFCFGU DCT
G
2TGUKÉPFGVTCDCLQPQOKPCNWPKFCFGU RUKI
%CÃFCFGRTGUKÉPUQDTGUGECFQTWPKFCFGU(WNN DCT
G
(GCVWTGEQP+(&
%CÃFCFGRTGUKÉPUQDTGUGECFQTWPKFCFGU(WNN RUKI
(GCVWTGEQP+(&
2WPVQFGCLWUVGX±NXWNCVGTOQUV±VKEC u%
2WPVQFGCLWUVGX±NXWNCVGTOQUV±VKEC u(
6GORGTCVWTCFGNCKTGSWGUCNGFGNCX±NXWNCFG u%
UCNKFC
CRTQZWPKFCFGUTGHTKIGTCFCURQTCKTG
6GORGTCVWTCFGNCKTGSWGUCNGFGNCX±NXWNCFG u(
UCNKFC
CRTQZWPKFCFGUTGHTKIGTCFCURQTCKTG
UCNKFC
CRTQZWPKFCFGUTGHTKIGTCFCURQTCIWC
UCNKFC
CRTQZWPKFCFGUTGHTKIGTCFCURQTCIWC
UCNKFC
CRTQZWPKFCFGU(WNN(GCVWTGEQP+(&
UCNKFC
CRTQZWPKFCFGU(WNN(GCVWTGEQP+(&
UCNKFC
CRTQZWPKFCFGU(WNN(GCVWTG
TGHTKIGTCFCURQTCKTGEQP+%&


GU
UCNKFC
UCNKFC
TGHTKIGTCFCURQTCIWCEQP+%&
UCNKFC
2WPVQFGTQEÃQCRTGUKÉPWPKFCFGU(WNN(GCVWTG u%
EQP+(&
2WPVQFGTQEÃQCRTGUKÉPWPKFCFGU(WNN(GCVWTG u(
EQP+(&
/QVQTFGCEEKQPCOKGPVQ5+'/'05 .) .) .) .) .)

8GNQEKFCFFGNGLGFGNOQVQT TOKP
2QVGPEKCCNKOGPVCFCWPKFCFGUTGHTKIGTCFCURQT M9
CKTG
2QVGPEKCCNKOGPVCFCWPKFCFGUTGHTKIGTCFCURQT JR
CKTG
2QVGPEKCCNKOGPVCFCWPKFCFGUTGHTKIGTCFCURQT M9
CIWC
2QVGPEKCCNKOGPVCFCWPKFCFGUTGHTKIGTCFCURQT JR
CIWC
2QVGPEKCCNKOGPVCFCWPKFCFGU(WNN(GCVWTG M9
TGHTKIGTCFCURQTCKTGEQP+(&
2QVGPEKCCNKOGPVCFCWPKFCFGU(WNN(GCVWTG JR
TGHTKIGTCFCURQTCKTGEQP+(&
TGHTKIGTCFCURQTCIWCEQP+(&
TGHTKIGTCFCURQTCIWCEQP+(&
%QPUWOQFGGPGTIÃC
UGECFQTCRNGPCECTIC M9
WPKFCFGU(WNN(GCVWTGEQP+(&
%QPUWOQFGGPGTIÃC
UGECFQTCRNGPCECTIC JR
%QPUWOQFGGPGTIÃC
UGECFQTEQPECTICPWNC M9


GU
%QPUWOQFGGPGTIÃC
UGECFQTEQPECTICPWNC JR
%QPUWOQFGGPGTIÃC
UGECFQTWPKFCFGU(WNN M9
(GCVWTGEQP+%&
%QPUWOQFGGPGTIÃC
UGECFQTWPKFCFGU(WNN JR
(GCVWTGEQP+%&
6KRQFGTGHTKIGTCPVGWPKFCFGU(WNN(GCVWTGEQP 4C 4C 4C 4C 4C
+(&
%CPVKFCFVQVCN
TGHTKIGTCPVGWPKFCFGU(WNN MI
(GCVWTGEQP+(&
%CPVKFCFVQVCN
TGHTKIGTCPVGWPKFCFGU(WNN ND
(GCVWTGEQP+(&
%QPUWOQFGCIWCFGTGHTKIGTCEKÉP
EQPWPC NOKP
VGORGTCVWTCFGGPVTCFCFGNCIWCKPHGTKQTCu
%[WPCWOGPVQFGVGORGTCVWTCFGu%
WPKFCFGUTGHTKIGTCFCURQTCIWC
EQPWPC EHO
VGORGTCVWTCFGGPVTCFCFGNCIWCKPHGTKQTCu
([WPCWOGPVQFGVGORGTCVWTCFGu(
WPKFCFGUTGHTKIGTCFCURQTCIWC
EQPWPC NOKP
VGORGTCVWTCFGGPVTCFCFGNCIWCGPVTG[
u%[WPCWOGPVQFGVGORGTCVWTCFGu
%WPKFCFGUTGHTKIGTCFCURQTCIWC
EQPWPC EHO
VGORGTCVWTCFGGPVTCFCFGNCIWCGPVTG[
u([WPCWOGPVQFGVGORGTCVWTCFGu
(WPKFCFGUTGHTKIGTCFCURQTCIWC
%CRCEKFCFFGCEGKVG N
%CRCEKFCFFGCEGKVG 75ICN
%CRCEKFCFFGCEGKVG +ORICN
%CRCEKFCFFGCEGKVG EWHV
0KXGNFGRQVGPEKCCEÐUVKEC
EQPHQTOGC+51 F$
#

)#
9
7PKFC DCT DCT DCT DCT RUK RUK RUK RUK

FGU
(TGEWGPEKC *\
2TGUKÉPO±ZKOC DCT
G
FGFGUECTIC
2TGUKÉPO±ZKOC RUKI
FGFGUECTIC
2TGUKÉP
FG DCT
G
FGUECTICO±ZKOC
WPKFCFGU(WNN
(GCVWTGEQP+(&
2TGUKÉP
FG RUKI
FGUECTICO±ZKOC
WPKFCFGU(WNN
(GCVWTGEQP+(&
2TGUKÉP
FG DCT
G
FGUECTICO±ZKOC
WPKFCFGU
9QTMRNCEG(WNN
(GCVWTGEQP+%&
2TGUKÉP
FG RUKI
FGUECTICO±ZKOC
WPKFCFGU
9QTMRNCEG(WNN
(GCVWTGEQP+%&
2TGUKÉPFGVTCDCLQ DCT
G
PQOKPCN
2TGUKÉPFGVTCDCLQ RUKI
PQOKPCN
G
PQOKPCNWPKFCFGU
9QTMRNCEG(WNN
(GCVWTGEQP+(&
PQOKPCNWPKFCFGU
9QTMRNCEG(WNN
(GCVWTGEQP+(&
G
PQOKPCNWPKFCFGU
9QTMRNCEG(WNN
(GCVWTGEQP+%&
PQOKPCNWPKFCFGU
9QTMRNCEG(WNN
(GCVWTGEQP+%&
%CÃFCFGRTGUKÉP DCT
G
UQDTGUGECFQT
WPKFCFGU(WNN
(GCVWTGEQP+(&


FGU
%CÃFCFGRTGUKÉP RUKI
UQDTGUGECFQT
WPKFCFGU(WNN
(GCVWTGEQP+(&
2WPVQFGCLWUVG u%
X±NXWNC
VGTOQUV±VKEC
2WPVQFGCLWUVG u(
X±NXWNC
VGTOQUV±VKEC
6GORGTCVWTCFGN u%
CKTGSWGUCNGFGNC
X±NXWNCFGUCNKFC
CRTQZWPKFCFGU
TGHTKIGTCFCURQT
CKTG
6GORGTCVWTCFGN u(
CKTGSWGUCNGFGNC
X±NXWNCFGUCNKFC
CRTQZWPKFCFGU
TGHTKIGTCFCURQT
CKTG
6GORGTCVWTCFGN u%
CKTGSWGUCNGFGNC
X±NXWNCFGUCNKFC
CRTQZWPKFCFGU
TGHTKIGTCFCURQT
CIWC
6GORGTCVWTCFGN u(
CKTGSWGUCNGFGNC
X±NXWNCFGUCNKFC
CRTQZWPKFCFGU
TGHTKIGTCFCURQT
CIWC
6GORGTCVWTCFGN u%
CKTGSWGUCNGFGNC
X±NXWNCFGUCNKFC
CRTQZWPKFCFGU
(WNN(GCVWTGEQP
+(&
6GORGTCVWTCFGN u(
CKTGSWGUCNGFGNC
X±NXWNCFGUCNKFC
CRTQZWPKFCFGU
(WNN(GCVWTGEQP
+(&


FGU
6GORGTCVWTCFGN u%
CKTGSWGUCNGFGNC
X±NXWNCFGUCNKFC
CRTQZWPKFCFGU
(WNN(GCVWTG
TGHTKIGTCFCURQT
CKTGEQP+%&
6GORGTCVWTCFGN u(
CKTGSWGUCNGFGNC
X±NXWNCFGUCNKFC
CRTQZWPKFCFGU
(WNN(GCVWTG
TGHTKIGTCFCURQT
CKTGEQP+%&
6GORGTCVWTCFGN u%
CKTGSWGUCNGFGNC
X±NXWNCFGUCNKFC
CRTQZWPKFCFGU
(WNN(GCVWTG
TGHTKIGTCFCURQT
CIWCEQP+%&
6GORGTCVWTCFGN u(
CKTGSWGUCNGFGNC
X±NXWNCFGUCNKFC
CRTQZWPKFCFGU
(WNN(GCVWTG
TGHTKIGTCFCURQT
CIWCEQP+%&
2WPVQFGTQEÃQC u%
RTGUKÉPWPKFCFGU
(WNN(GCVWTGEQP
+(&
2WPVQFGTQEÃQC u(
RTGUKÉPWPKFCFGU
(WNN(GCVWTGEQP
+(&
/QVQTFG .) .) .) .) .) .) .) .)
CEEKQPCOKGPVQ
5+'/'05
8GNQEKFCFFGNGLG TOKP
FGNOQVQT
2QVGPEKC M9
CNKOGPVCFC
WPKFCFGU
TGHTKIGTCFCURQT
CKTG
2QVGPEKC JR
CNKOGPVCFC
WPKFCFGU
TGHTKIGTCFCURQT
CKTG


FGU
2QVGPEKC M9
CNKOGPVCFC
WPKFCFGU
TGHTKIGTCFCURQT
CIWC
2QVGPEKC JR
CNKOGPVCFC
WPKFCFGU
TGHTKIGTCFCURQT
CIWC
2QVGPEKC M9
CNKOGPVCFC
WPKFCFGU(WNN
(GCVWTG
TGHTKIGTCFCURQT
CKTGEQP+(&
2QVGPEKC JR
CNKOGPVCFC
WPKFCFGU(WNN
(GCVWTG
TGHTKIGTCFCURQT
CKTGEQP+(&
2QVGPEKC M9
CNKOGPVCFC
WPKFCFGU(WNN
(GCVWTG
TGHTKIGTCFCURQT
CIWCEQP+(&
2QVGPEKC JR
CNKOGPVCFC
WPKFCFGU(WNN
(GCVWTG
TGHTKIGTCFCURQT
CIWCEQP+(&
2QVGPEKC M9
CNKOGPVCFC
WPKFCFGU(WNN
(GCVWTG
TGHTKIGTCFCURQT
CKTGEQP+%&
2QVGPEKC JR
CNKOGPVCFC
WPKFCFGU(WNN
(GCVWTG
TGHTKIGTCFCURQT
CKTGEQP+%&


FGU
2QVGPEKC M9
CNKOGPVCFC
WPKFCFGU(WNN
(GCVWTG
TGHTKIGTCFCURQT
CIWCEQP+%&
2QVGPEKC JR
CNKOGPVCFC
WPKFCFGU(WNN
(GCVWTG
TGHTKIGTCFCURQT
CIWCEQP+%&
%QPUWOQFG M9
GPGTIÃC
UGECFQTC
RNGPCECTIC
WPKFCFGU(WNN
(GCVWTGEQP+(&
%QPUWOQFG JR
GPGTIÃC
UGECFQTC
RNGPCECTIC
WPKFCFGU(WNN
(GCVWTGEQP+(&
%QPUWOQFG M9
GPGTIÃC
UGECFQT
EQPECTICPWNC
WPKFCFGU(WNN
(GCVWTGEQP+(&
%QPUWOQFG JR
GPGTIÃC
UGECFQT
EQPECTICPWNC
WPKFCFGU(WNN
(GCVWTGEQP+(&
%QPUWOQFG M9
GPGTIÃC
UGECFQT
WPKFCFGU(WNN
(GCVWTGEQP+%&
%QPUWOQFG JR
GPGTIÃC
UGECFQT
WPKFCFGU(WNN
(GCVWTGEQP+%&
6KRQFG 4C 4C 4C 4C 4C 4C 4C 4C
TGHTKIGTCPVG
WPKFCFGU(WNN
(GCVWTGEQP+(&
%CPVKFCFVQVCN MI
TGHTKIGTCPVG
WPKFCFGU(WNN
(GCVWTGEQP+(&


FGU
%CPVKFCFVQVCN ND
TGHTKIGTCPVG
WPKFCFGU(WNN
(GCVWTGEQP+(&
%QPUWOQFGCIWC NOKP
FGTGHTKIGTCEKÉP
EQPWPC
VGORGTCVWTCFG
GPVTCFCFGNCIWC
KPHGTKQTCu%[
WPCWOGPVQFG
VGORGTCVWTCFG
u%WPKFCFGU
TGHTKIGTCFCURQT
CIWC
%QPUWOQFGCIWC EHO
FGTGHTKIGTCEKÉP
EQPWPC
VGORGTCVWTCFG
GPVTCFCFGNCIWC
KPHGTKQTCu([
WPCWOGPVQFG
VGORGTCVWTCFG
u(WPKFCFGU
TGHTKIGTCFCURQT
CIWC
%QPUWOQFGCIWC NOKP
FGTGHTKIGTCEKÉP
EQPWPC
VGORGTCVWTCFG
GPVTCFCFGNCIWC
GPVTG[u%[
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FGTGHTKIGTCEKÉP
EQPWPC
VGORGTCVWTCFG
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CIWC
%CRCEKFCFFG N
CEGKVGWPKFCFGU
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FGU
%CRCEKFCFFG 75
CEGKVGWPKFCFGU ICN
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CEGKVGWPKFCFGU
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CKTG
%CRCEKFCFFG N
CEGKVGWPKFCFGU
TGHTKIGTCFCURQT
CIWC
%CRCEKFCFFG 75
CEGKVGWPKFCFGU ICN
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CEGKVGWPKFCFGU ICN
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2TGUKÉP
FG DCT
G
FGUECTICO±ZKOC
WPKFCFGU
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PQOKPCN
PQOKPCN
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9QTMRNCEG(WNN
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G
PQOKPCNWPKFCFGU
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FGU
6GORGTCVWTCFGN u%
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FGU
2QVGPEKC M9
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CIWCEQP+(&
2QVGPEKC JR
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FGU
2QVGPEKC M9
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FGU
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CIWC
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CEGKVGWPKFCFGU
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CKTG


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CEGKVGWPKFCFGU ICN
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CEGKVGWPKFCFGU ICN
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CEGKVGWPKFCFGU
TGHTKIGTCFCURQT
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CEGKVGWPKFCFGU
TGHTKIGTCFCURQT
CIWC
%CRCEKFCFFG 75
CEGKVGWPKFCFGU ICN
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CIWC
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CEGKVGWPKFCFGU ICN
TGHTKIGTCFCURQT
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CEGKVGWPKFCFGU
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CIWC
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'URGEKHKECEKQPGUFGNUGECFQT+%&
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6KRQFGUGECFQT +%& +%& +%& +%& +%& +%&

2WPVQFGTQEÃQC u%
RTGUKÉP
2WPVQFGTQEÃQC u(
RTGUKÉP
%CWFCNGPGPVTCFCFG
UGECFQT
DCT NU
DCT EHO
DCT NU
DCT EHO
DCT NU
DCT EHO

6KRQFGUGECFQT +%& +%& +%& +%& +%& +%&

DCT NU
DCT EHO

UQDTGGNUGECFQT G
UQDTGGNUGECFQT
%QPUWOQFGCKTGFG
TGIGPGTCEKÉP
%CPVKFCFFG MI
FGUGECPVGRQT
TGEKRKGPVG
%CPVKFCFFG ND
FGUGECPVGRQT
TGEKRKGPVG
'URGEKHKECEKQPGUFGNUGECFQT+%&
EQORTGUQTGUEQPWPCRTGUKÉPFGVTCDCLQFGJCUVCDCT
6KRQFGUGECFQT +%& +%& +%& +%& +%&% +%&

2WPVQFGTQEÃQC u%
RTGUKÉP
2WPVQFGTQEÃQC u(
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%CWFCNGPGPVTCFCFG NU
UGECFQTDCT
%CWFCNGPGPVTCFCFG EHO
UGECFQTDCT

UQDTGGNUGECFQT G
UQDTGGNUGECFQT
%QPUWOQFGCKTGFG
TGIGPGTCEKÉP
%CPVKFCFFG MI
FGUGECPVGRQT
TGEKRKGPVG
%CPVKFCFFG ND
FGUGECPVGRQT
TGEKRKGPVG

+PUVTWEEKQPGURCTCGNWUQFGNFGRÉUKVQFGCKTG
+PUVTWEEKQPGUFGWUQ
2CTC)#C)#%
'UVGTGEKRKGPVGRWGFGEQPVGPGTCKTGRTGUWTK\CFQVGPICGPEWGPVCGNRGNKITQRQVGPEKCN
SWGGUVQUWRQPGUKPQNQWVKNK\CEQTTGEVCOGPVG
'UVGTGEKRKGPVGUGWUCT±ÐPKECOGPVGGPECNKFCFFGUGRCTCFQTFGCKTGEQORTKOKFQCEGKVG
[HWPEKQPCT±FGPVTQFGNQUNÃOKVGUGURGEKHKECFQUGPNCRNCECFGFCVQU
0QFGDGTGCNK\CTPKPIWPCOQFKHKECEKÉPGPGUVGTGEKRKGPVGPKUQNFCPFQPKVCNCFTCPFQPK
RQTPKPIÐPQVTQO¾VQFQOGE±PKEQUKPGNRGTOKUQGUETKVQFGNHCDTKECPVG
5GKPFKECT±PENCTCOGPVGNCRTGUKÉP[VGORGTCVWTCFGGUVGTGEKRKGPVG
.CX±NXWNCFGUGIWTKFCFFGDGEQTTGURQPFGTEQPRKEQUVTCPUKVQTKQUFGRTGUKÉPFG
XGEGUNCO±ZKOCRTGUKÉPRGTOKUKDNGFGVTCDCLQ&GDGICTCPVK\CTSWGNCRTGUKÉPPQ
GZEGFGT±RGTOCPGPVGOGPVGNCO±ZKOCRTGUKÉPRGTOKUKDNGFGVTCDCLQFGNTGEKRKGPVG
7VKNKEGUÉNQGNCEGKVGGURGEKHKECFQRQTGNHCDTKECPVG
2QTNQVCPVQPQJC[PGEGUKFCFKPVTÃPUGECFGTGCNK\CTKPURGEEKQPGUKPVGTOGFKCUFGN
TGEKRKGPVGUK¾UVGUGWVKNK\CFGPVTQFGNQUNÃOKVGUFGFKUGÇQ[RCTCNQUHKPGUFGWUQRCTC
NQUSWGUGJCRTGXKUVQ
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KPURGEEKÉPKPVGTPC*C[SWGVQOCTGPEQPUKFGTCEKÉPGNOQOGPVQFGVQTUKÉPO±ZKOQ
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NDHHV

2'&
&KTGEVKXCUUQDTGGSWKRQUCRTGUKÉP
%QORQPGPVGUUWLGVQUCNC&KTGEVKXCUQDTGGSWKRQUCRTGUKÉP%'
%QORQPGPVGUUWLGVQUCNC&KTGEVKXCUQDTGGSWKRQUCRTGUKÉP%'UWRGTKQTGUQGSWKXCNGPVGUCNC
ECVGIQTÃC++
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8±NXWNCFGUGIWTKFCF +8
4GEKRKGPVG ++
%NCUKHKECEKÉPIGPGTCN
2CTC)#C)#%NQUEQORTGUQTGUEWORNGPNC&KTGEVKXCUQDTGGSWKRQUCRTGUKÉP
2'&RCTCGSWKRQU
EQPWPCECVGIQTÃCKPHGTKQTCNC%CVGIQTÃC++

GA55, GA75, GA90C
Manual de Instrucciones
Atlas Copco se distingue como empresa por nuestra
convicción de que sólo podremos destacar en lo que
hacemos si ofrecemos la mejor experiencia tecnológica
posible para ayudar realmente a nuestros clientes a
producir, crecer y triunfar.
Sólo hay una forma de conseguirlo – nosotros lo

llamamos simplemente el estilo Atlas Copco. Se basa en
la interacción, las relaciones a largo plazo y la
participación en los procesos, necesidades y objetivos de
los clientes. Significa que debemos ser flexibles para
adaptarnos a los variados requisitos de las personas que
confían 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 aquí, concebimos y realizamos avances
tecnológicos a través de la innovación. No por simple
amor a la tecnología, sino pensando en los resultados y
en la tranquilidad de nuestros clientes.
Así es como Atlas Copco se esforzará por seguir siendo

la primera elección, atraer nuevos negocios y mantener
nuestra posición como líder de la industria.

Compresor Atlas Coopco PDF

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Copyright:

Formatos disponibles

Compresor Atlas Coopco PDF

Cargado por

Copyright:

Formatos disponibles

Manual de instrucciones

GA55, GA75, GA90C

Se prohibe cualquier uso no autorizado o la copia de los contenidos o de

Esto se aplica en particular a marcas comerciales, denominación de

Fecha de impresión ......... 28/02/2005

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 6'%.#5&'&'52.#<#/+'061 

 $16¡0&'2#4#&#&''/'4)'0%+# 

 241)4#/#5&'%10641. 

 /'0¨2#06#..#24+0%+2#. 

 +081%#%+¡0&'/'0¨5 

 /'0¨&#615&''56#&1 

 /'0¨&#615/'&+&15 

 /'0¨247'$#  

 /'0¨/1&+(+%#%+¡0&'2#4/'6415  

 /1&+(+%#%+¡0&'2#4/'6415  

 /1&+(+%#%+¡0&'.15#,756'5&'2416'%%+¡0  

 /1&+(+%#%+¡0&'2.#0'5&'5'48+%+1  

 241)4#/#4(70%+¡0&'4'.1,  

 /1&+(+%#%+¡0&'#,756'5&'%10(+)74#%+¡0  

 241)4#/#4/1&15&'%10641.&'.%1/24'514  

 /'0¨5'48+%+1  

 /'0¨&#615)7#4&#&15  

 #,756'5241)4#/#$.'52#4#)##)#%  

 70+&#&15&  

 +056#.#%+¡0  

 +05647%%+10'5&'(70%+10#/+'061;/#06'0+/+'061  

 2+%61)4#/#5  

 &+$7,15&'&+/'05+10'5  

 24127'56#&'+056#.#%+¡0  

 %10':+10'5'.%64+%#5  

 4'37+5+615&'.#)7#&'4'(4+)'4#%+¡0  

 2+%61)4#/#5  

 #06'5&'.#44#037'+0+%+#.  

 #44#037'+0+%+#.  

 &74#06''.(70%+10#/+'061 

 %1/241$#4'.&+52.#; 

 2#4#&# 

 27'56#(7'4#&'5'48+%+1 

 /1614&'#%%+10#/+'061 

 241)4#/#&'/#06'0+/+'06124'8'06+81 

 '52'%+(+%#%+10'5&'.#%'+6' 

 %#/$+1&'#%'+6';(+.6415&'#%'+6' 

 #./#%'0#/+'061&'5275&'.#+056#.#%+¡0 

 #LWUVGU[RTQEGFKOKGPVQUFGUGTXKEKQ  

 (+.641&'#+4' 

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

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