GUBERNUR KALIMANTAN TENGAH PERATURAN GUBERNUR KALIMANTAN TENGAH NOMOR 36 TAHUN 2012

GUBERNUR KALIMANTAN TENGAH PERATURAN GUBERNUR KALIMANTAN TENGAH NOMOR 36 TAHUN 2012 TENTANG RENCANA AKSI DAERAH PENURUNAN EMISI GAS RUMAH KACA (RAD - GRK) DENGAN RAHMAT TUHAN YANG MAHA ESA GUBERNUR PROVINSI KALIMANTAN TENGAH,

Menimbang

Mengingat

: a.

bahwa potensi dan posisi Provinsi Kalimantan Tengah sebagai bagian dari Negara Kesatuan Republik Indonesia berperanan penting didalam proses terjadinya perubahan iklim, sehingga perlu untuk melaksanakan langkah – langkah penanggulangan melalui mitigasi perubahan iklim;

b.

bahwa untuk melaksanakan ketentuan dalam Peraturan Presiden Nomor 61 Tahun 2011 Tentang Rencana Aksi Nasional Penurunan Emisi Gas Rumah Kaca, Peraturan Nomor 71 Tahun 2011 Tentang Presiden Penyelenggaraan Inventarisasi Gas Rumah Kaca Nasional dan Surat Edaran Bersama Menteri Perencanaan Pembangunan Nasional RI dan Menteri Lingkungan Hidup RI tentang Penyusunan Rencana Aksi Daerah Penurunan Emisi Gas Rumah Kaca (RAD-GRK) Nomor : 660 / 95 / SJ / 2012, Nomor : 0005 / M.PPN / 01 / 2012, Nomor : 01 / MENLH / 01 / 2012 maka Gubernur perlu menyusun Rencana Aksi Daerah Penurunan Emisi Gas Rumah Kaca (RAD- GRK) dengan berpedoman kebijakan perencanaan kepada RAN-GRK dan pembangunan daerah;

c.

bahwa berdasarkan pertimbangan sebagaimana dimaksud dalam huruf a dan huruf b, perlu menetapkan Peraturan Gubernur tentang Rencana Aksi Daerah Penurunan Emisi Gas Rumah Kaca (RAD-GRK);

: 1.

Undang – Undang Nomor 21 Tahun 1958 tentang Penetapan Undang – Undang Nomor 10 Tahun 1957 tentang Pembentukan Daerah Swatantra Tingkat I Kalimantan Tengah dan perubahan Undang Undang Nomor 25 Tahun 1956 tentang Pembentukan Daerah – daerah Swatantra Tingkat I Kalimantan Barat, Kalimantan Selatan dan Kalimantan Timur (Lembaran Negara Republik Indonesia Tahun 1957 Nomor 53, Tambahan Lembaran Negara Nomor 1284) sebagai Undang – Undang (Lembaran Negara Republik Indonesia Tahun 1958 Nomor 62, Tambahan Lembaran Negara Republik Indonesia Nomor 1622); Undang – Undang Nomor 6 Tahun 1994 tentang Pengesahan United Nations/Framework Convention on Climate Change;

2.

2 3.

Undang - Undang Nomor 25 Tahun 2004 tentang Sistem Perencanaan Pembangunan Nasional (Lembaran Negara Republik Indonesia Tahun 2004 Nomor 4, Tambahan Lembaran Negara Republik Indonesia Nomor 4421);

4.

Undang – Undang Nomor 32 Tahun 2004 tentang Pemerintahan Daerah (Lembaran Negara Republik Indonesia Tahun 2004 Nomor 125, Tambahan Lembaran Negara Republik Indonesia Nomor 4437) sebagaimana telah diubah terakhir dengan Undang-Undang Nomor 12 Tahun 2008 tentang Perubahan Kedua Atas UndangUndang Nomor 32 Tahun 2004 tentang Pemerintahan Daerah (Lembaran Negara Republik Indonesia Tahun 2008 Nomor 59, Tambahan Lembaran Negara Republik Indonesia Nomor 4844); Undang – Undang Nomor 17 Tahun 2007 tentang Rencana Pembangunan Jangka Panjang Nasional Tahun 2005 - 2025 (Lembaran Negara Republik Indonesia Tahun 2007 Nomor 33, Tambahan Lembaran Negara Republik Indonesia Nomor 4700); Undang – Undang Nomor 32 Tahun 2009 Tentang Perlindungan dan Pengelolaan Lingkungan Hidup (Lembaran Negara Republik Indonesia Tahun 2009 Nomor 139, Tambahan Lembaran Negara Republik Indonesia Nomor 5058); Peraturan Presiden Nomor 5 Tahun 2010 tentang Rencana Pembangunan Jangka Menengah Nasional 2010 - 2014; Peraturan Presiden Nomor 61 Tahun 2011 tentang Rencana Aksi Nasional Penurunan Emisi Gas Rumah Kaca; Peraturan Presiden Nomor 71 Tahun 2011 tentang Penyelenggaraan Inventarisasi Gas Rumah Kaca Nasional; Peraturan Daerah Provinsi Kalimantan Tengah Nomor 4 Tahun 2010 tetang Rencana Pembangunan Jangka Panjang Daerah Provinsi Kalimantan TengahTahun 2005 – 2025 (Lembaran Daerah Provinsi Kalimantan Tengah Tahun 2010 Nomor 4, Tambahan Lembaran Daerah Provinsi Kalimantan Tengah Nomor 34); Peraturan Daerah Provinsi Kalimantan Tengah Nomor 1 Tahun 2008 tentang Urusan Pemerintah Daerah yang Menjadi Kewenangan Provinsi Kalimantan Tengah (Lembaran Daerah Provinsi Kalimantan Tengah Tahun 2010 Nomor 11); Peraturan Daerah Provinsi Kalimantan Tengah Nomor 1 Tahun 2011 tentang Rencana Pembangunan Jangka Menengah Daerah Provinsi Kalimantan Tengah Tahun 2010 - 2015 (Lembaran Daerah Provinsi Kalimantan Tengah Tahun 2011 Nomor 1).

5.

6.

7. 8. 9. 10.

12.

13.

MEMUTUSKAN: Menetapkan :

PERATURAN GUBERNUR TENTANG RENCANA AKSI DAERAH PENURUNAN EMISI GAS RUMAH KACA (RAD-GRK).

3 BAB I KETENTUAN UMUM Pasal 1

Dalam Peraturan Gubernur ini yang dimaksud dengan : 1. Daerah adalah Wilayah Provinsi Kalimantan Tengah; 2. Pemerintah Daerah Provinsi adalah Pemerintah Provinsi Kalimantan Tengah; 3. Gubernur adalah Gubernur Kalimantan Tengah; 4. Pemerintah Daerah Kabupaten/Kota adalah Pemerintah Daerah wilayah Provinsi Kalimantan Tengah. Kabupaten/Kota di 5. Gas Rumah Kaca yang selanjutnya disebut GRK adalah gas yang terkandung dalam atmosfer baik alami maupun antropogenik, yang menyerap dan memancarkan kembali radiasi infra merah; 6. Emisi GRK adalah lepasnya GRK ke atmosfer pada suatu area tertentu dalam jangka waktu tertentu; 7. Rencana Aksi Daerah Penurunan Emisi Gas Rumah Kaca yang selanjutnya disebut RAD-GRK adalah dokumen rencana kerja untuk pelaksanaan berbagai kegiatan yang secara langsung dan tidak langsung menurunkan emisi gas rumah kaca sesuai dengan target pembangunan daerah; BAB II RUANG LINGKUP Pasal 2 (1) RAD-GRK disusun untuk perencanaan sampai dengan tahun 2020 (2) Kegiatan RAD-GRK meliputi bidang : a.

Pertanian;

b.

Kehutanan dan Lahan Gambut;

c.

Energi dan Transportasi;

d.

Industri;

e.

Pengolahan Limbah;

f.

Kegiatan pendukung lain;

(3) Substansi inti dari RAD-GRK terdiri dari 5 (lima) elemen, yaitu : a.

Sumber dan Potensi Penurunan Emisi GRK: Identifikasi

bidang

dan

kegiatan

yang

berpotensi

sebagai

sumber/serapan emisi GRK, berdasarkan pada cakupan, kondisi wilayah, kegiatan dan produksi emisi sektoral dan karakteristik daerah; b.

Baseline BAU (Business As Usual) emisi GRK: Merupakan perkiraan tingkat emisi dan proyeksi GRK dengan skenario

4 tanpa intervensi kebijakan dan teknologi mitigasi dari bidang - bidang yang telah diidentifikasi dalam kurun waktu yang disepakati yakni tahun 2010-2020; c. Usulan Rencana Aksi Penurunan Emisi GRK (mitigasi), baik berupa kegiatan inti maupun kegiatan pendukung: 1).

Usulan-usulan aksi mitigasi yang berpotensi dapat menurunkan emisi GRK dari

bidang/subbidang terpilih

dari kegiatan yang

sudah ada maupun yang baru; 2).

Potensi reduksi emisi baseline dari tahun 2010 sampai tahun 2020 untuk setiap aksi/kelompok aksi mitigasi yang diusulkan;

3).

Perkiraan biaya mitigasi dan biaya penurunan per ton emisi GRK untuk setiap aksi yang diusulkan;

4).

Jangka waktu pelaksanaan setiap aksi mitigasi yang diidentifikasi.

d. Usulan prioritas/skala prioritas

dari usulan-usulan aksi mitigasi

terpilih; e.

Lembaga

pelaksanaan

diidentifikasi

dan

pendanaan

melaksanakan

kegiatan

pengukuran

dan

yang

sudah

pemantauan

program/kegiatan RAD-GRK di daerah. BAB III KEDUDUKAN RAD-GRK Pasal 3 (1) RAD-GRK, disusun sesuai kemampuan daerah.

dengan kondisi dan permasalahan serta

(2) RAD-GRK sebagaimana dimaksud pada ayat (1) berkedudukan dan berfungsi sebagai acuan penting dalam Penyusunan RPJPD, RPJMD, RTRW Provinsi/Kabupaten/Kota yang selanjutnya menjadi masukan dan dasar penyusunan Penyusunan Dokumen Perencanaan Pembangunan Daerah. BAB IV KETERKAITAN RAD-GRK DENGAN KEBIJAKAN PEMBANGUNAN DAERAH Pasal 4 (1) RAD-GRK berisi upaya-upaya penurunan emisi GRK multisektor dengan mempertimbangkan karakteristik, kewenangan daerah serta terintegrasi dengan rencana daerah. (2) Proses penyusunan RAD-GRK bersifat partisipatif dan referensi yang tersedia di tingkat nasional.

yang bersifat potensi, dan pembangunan menggunakan

5 Pasal 5 (1) Pencapaian target penurunan Emisi GRK tingkat daerah dilakukan dengan mengarahkan dan menetapkan berbagai program dan kegiatan yang dilengkapi dengan sasaran, indikator kinerja dan pembiayaan ke dalam RKPD. (2) Pemerintah Daerah Provinsi berkoordinasi dengan Pemerintah Daerah Kabupaten/Kota dalam menyusun RPJMD dan RKPD Kabupaten/Kota untuk mendukung penurunan Emisi Gas Rumah Kaca. BAB V KAJIAN ULANG RAD-GRK Pasal 6 (1) RAD-GRK dapat dikaji ulang secara berkala sesuai dengan kebutuhan daerah dan perkembangan dinamika nasional dan internasional. (2) Kaji ulang RAD-GRK sebagaimana dimaksud pada ayat (1) dilakukan SKPD serta dikoordinasikan oleh Kepala Badan oleh Kepala Lingkungan Hidup Provinsi Kalimantan Tengah. (3) Hasil kaji ulang RAD-GRK sebagaimana dimaksud pada ayat (1) dan ayat (2) dilaporkan oleh Kepala Badan Lingkungan Hidup Provinsi Kalimantan Tengah kepada Gubernur. BAB VI DOKUMEN RAD-GRK Pasal 7 (1) Dokumen RAD-GRK sebagaimana tercantum dalam Lampiran, merupakan bagian tidak terpisahkan dari Peraturan Gubernur ini. (2) Sistimatika RAD-GRK sebagaimana dimaksud pada ayat (1) terdiri atas : Bab I : PENDAHULUAN A. Latar Belakang B. Tujuan C. Keluaran D. Dasar Hukum E. Kerangka Waktu Penyusunan BAB II : PROFIL DAERAH DAN PERMASALAHAN EMISI GRK A.

Profil dan Karakteristik Daerah

B. Program Prioritas Daerah C. Permasalahan Emisi GRK BAB III : PEMBAGIAN URUSAN DAN RUANG LINGKUP A. Pembagian Urusan B. Ruang Lingkup Daerah BAB IV : ANALISIS EMISI GRK A. Baseline emisi GRK

6 B. Usulan Aksi Mitigasi dan Perkiraan Penurunan Emisi C. Skala Prioritas BAB V : STRATEGI IMPLEMENTASI RAD-GRK A. Pemetaan Kelembagaan dan Pembagian Peran B. Identifikasi Sumber Pendanaan C. Penyusunan Jadwal Implementasi D. Tabel Matrik RAD GRK BAB VI : MONITORING DAN EVALUASI A. Monitoring B. Evaluasi BAB VII : PENUTUP A. Kesimpulan B. Saran DAFTAR PUSTAKA LAMPIRAN BAB VII PENUTUP Pasal 7 Peraturan Gubernur ini mulai berlaku pada tanggal diundangkan. Agar setiap orang mengetahuinya, memerintahkan pengundangan Peraturan Gubernur ini dengan penempatannya dalam Berita Daerah Provinsi Kalimantan Tengah. Ditetapkan di Palangka Raya pada tanggal 14 Desember 2012 GUBERNUR KALIMANTAN TENGAH,

AGUSTIN TERAS NARANG Diundangkan di Palangka Raya pada tanggal 14 Desember 2012 SEKRETARIS DAERAH PROVINSI KALIMANTAN TENGAH,

SIUN JARIAS BERITA DAERAH PROVINSI KALIMANTANTENGAH TAHUN 2012 NOMOR 36

LAMPIRAN PERATURAN GUBERNUR KALIMANTAN TENGAH NOMOR 36 TAHUN 2012 TANGGAL 14 DESEMBER 2012

RENCANA AKSI DAERAH PENURUNAN EMISI GAS RUMAH KACA (RAD - GRK)

&&&&&&&&&&&&&&&&&&&

#

)'"!$ * *$ "*'$ (' *!*# '$! !)*$-*(*$$

'%"$'!)'()! ' '%'#'%')( ' '#("$ #(

#$'*($ *$$!*&

("$ #( (*"$!()($'!'$$*'*$$ #( !"'%')(

" $ "!% # $ &&&&&&&&&&&&&&&&&

&&&&&&&&&&&&&&&&&&&

)"#$$#$'$ *#' $$$ ," #&"#$)( ")'!

%$)%'$ +"*(

(#&*"$ '$

" $ "!% # $ &&&&&&&&&&&&&&&&&

'''''''''''''''''''

!"

$

!

',-07

',>,*,6>?#09B?=?9,9 :6?809 %%#<:@49=4,748,9>,9 '092,3#0<4:/00-:-0<

',-07

?,=*47,B,3 ,=4928,=492,-?;,>09:>,/4#<:@49=4 ,748,9>,9'092,3

',-07

?87,30.,8,>,90=,/,907?<,3,9;,/,8,=4928,=492 ,-?;,>09:>, /4#<:@49=4,748,9>,9'092,34922,',3?9

0,/,,9':;:2<,14 09?084<492,9 ,3,9?9>?6'4,;>4,; ,-?;,>09:>,/4#<:@49=4,748,9>,9'092,3

,>,&?92,4/4#<:@49=4,748,9>,9'092,3

?<,3?5,90-0<,;,&>,=4?9/4,748,9>,9'092,3',3?9 88

'?>?;,9?>,9/,9 0347,92,9'?>?;,9?>,9/4#<:@49=4 ,748,9>,9'092,3',3?9 /,9

01:<0=>,=4/,902<,/,=,4?>,9',3?9 /4,748,9>,9 '092,3,

?,=<0,7/,9:8:/4>,=#0<60-?9,9,748,9>,9 '092,3',3?9

?87,3#09/?/?6 09?,-?;,>09:>,/,9094=07,849 ',3?9

#!% #"&!$ !%!! '''''''''''''''''

'

'''''''''''''''''''

#%>,=,=,<,<2,0<7,6?/,9:9=>,9 ',3?9 /,9

09?,;,92,9(=,3,,5?#0<>?8-?3,9=0<>,&?8-0< #0<>?8-?3,9

/09>4146,=4&06>:<(922?7,9-00<3,/,; #%,>,=/,=,<,<2,0<7,6?>,3?9

#0<>?8-?3,96:9:84,748,9>,9'092,3809?&06>:< ',3?9 #0<=09

#%/,9#09/,;,>,9%024:9,7#0<6,;4>,,748,9>,9'092,3 ',3?9

#09/?/?60,=+,92060<5, 09? '4926,>#09/4/46,9B,924>,8,>6,9',3?9

#%,5?/,9&?8-0< #0<>?8-?3,9#% 09?#0922?9,,9 '<4A?7,9',3?9 >0<3,/,;'<4A?7,9',3?9 ?8>: ?8

%06,;4>?7,=4&?8-0<,B,%0=:?<.0=,>?-,<,#<:@49=4 ,748,9>,9'092,3':9#0< 2?=>?=

#<:/?6=4,>?-,<,,748,9>,9'092,3 ?7,4',3?9

84=4':>,7(#092?<,92,9/,9?8?7,>41&07?:<

)

84=464-,>#0?;,9,3,9

)

84=4=07?:<90<24

)

84=4,=" /,<4&06>:<90<24

)

84=4&07?:<90<240
)

%06,;4>?7,=4,=0749084=4%&06>:<&,8;,348-,3

)

%09.,9,6=4/,7,8 4>42,=4 /,<4&06>:<#09207:7,,9&,8;,3

)

%09.,9,6=4/,7,8 4>42,=4/,<4&06>:<9/?=><4

)

',-07)

%09.,9,6=4/,7,8 4>42,=4/,<4&06>:<'<,9=;:<>,=4

)

#!% #"&!$ !%!! '''''''''''''''''

'

'''''''''''''''''''

%09.,9,6=4/,7,8 4>42,=4/,<4&06>:<03?>,9,9

)

%09.,9,6=4/,7,8 4>42,=4/,<4&06>:<,3,9,8-?>

)

%09.,9,6=4/,7,8 4>42,=4/,<4&06>:<#0<>,94,9

)

06,94=80#09/,9,,9

#!% #"&!$ !%!! '''''''''''''''''

)

'

'''''''''''''''''''

!"

$

!

#.<*#.6+*02*7)25*@*1#:8>27;2*526*7<*7&.70*1

#.:=+*1*7<=<=9*7*1*7-2#:8>27;2*526*7<*7&.70*1 %.3*4&*1=7

&=<=9*7*1*7#:8>27;2*526*7<*7&.70*1&*1=7

-*7

#.:<=6+=1*7487862*526*7<*7&.70*1&*1=7 A

%<:=4<=:487862*526*7<*7&.70*1&*1=7

7/5*;2#*5*704*$*@*%*692<7-87.;2*&*1=7

%=+;<*7;27<2$ $

5.6.7=7,2?*5-*5*6#.6+*70=7*7$.7-*1*:+87

#:8;.;-*7#.:42:**7 )*4<=#.7@=;=7*7$ $

(

&8<*562;2=6=5*<2/%.5=:=1%.4<8:'#.70=:*70*7 -*7 &*1=7

(

.;4:29;2%<*<2;<2462;2&*1=7*7'#:8>27;2*526*7<*7 &.70*1&*1=7

(

.;4:29;2%<*<2;<2462;2&*1=7*7#.7=:=7*7 #:8>27;2 *526*7<*7&.70*1&*1=7

(

#!% #"&!$ !%!! '''''''''''''''''

'''''''''''''''''''

.;4:29;2%<*<2;<2462;2&*1=7*7#.7=:=7*7 #:8>27;2 *526*7<*7&.70*1&*1=7

(

8-.5 *<.6*<24*62;2' =6=5*<2/$#:8>27;2 *526*7<*7&.70*1&*1=7

(

8-.5 *<.6*<24*62;2#.7=:=7*7 =6=5*<2/$ #:8>27;2*526*7<*7&.70*1&*1=7

(

8-.5 *<.6*<24*62;2#.7=:=7*7 =6=5*<2/$ #:8>27;2 *526*7<*7&.70*1&*1=7

(

.;4:29;2'72<#.:.7,*7**7-*75@02+252<*;7@*-*5*6%4.6* #.70=:*70*762;2

(

$2704*;*762;24<=*5%.4<8:.:+*;2;*1*7-2#:8>27;2 *526*7<*7&.70*1#*-*&*1=7

(

62;2#.:*#.:&*1=7#:8>27;2*526*7<*7&.70*1=7<=4 %.4<8:.:+*;2;*1*79*-*%.<2*9<.:*;2)*4<=#.:12<=70*7

(

&8<*562;2#:8>27;2*526*7<*7&.70*1#*-* *;270 6*;270 <.:*;2)*4<=#.:12<=70*7

(

62;2%.5=:=1$-*:2%.4<8:7.:02

(

62;2*;" -*:2%.4<8:7.:02

(

#*:*921*4@*70*9*< .7-=4=70$ $-2#:8>27;2 *526*7<*7&.70*1

(

.<.:4*2<*77<*:*84=6.7#.:=+*1*7 4526#.:.7,*7**7 #.6+*70=7*7-*7#:8;.;#.70*700*:*7

(

%<:=4<=:86=724*;2-*788:-27*;2&.:4*2<7<.0:*;2#.:=+*1*7 4526-*5*6#.:.7,*7**7#.6+*70=7*7-*7#.7@=;=7*7 700*:*7

(

#.:*7*7$.7,*7*4;2*.:*1&.:1*-*9 ! ;

(

#!% #"&!$ !%!! '''''''''''''''''

JJJJJJJJJJJJJJJJJJJJJJJJJ

12 9>9 =5>7DA19;1> <1C1A 25<1;1>7 CD:D1> 41A9 @5>GDBD>1> + !+% 41> ;5 G1>7 4981A1@;1> B5AC1 41B1A 8D;D= G1>7 C5A;19C 45>71> @5AD2181> 9;<9= B521719 =1>41C 2179 *5=5A9>C18 *A?E9>B9 %1<9=1>C1> -5>718 D>CD; =5>GDBD> + !+% :D71 ;5A1>7;1 F1;CD @5>GDBD>1>>G1

-+ &%(! 1<1= A1>7;1=5>9>41;<1>:DC9;5B5@1;1C1> &"!! @141 ?>65A5>35B ?6 *1AC95B)* ;5 !& &"! $ )"$%"!(!&"!"! &! .( 41> 81B9<)* 49 %?@5>8175> 41> )* 49 1>3D> B5AC1 =5=5>D89 ;?=9C=5> *5=5A9>C18 #>4?>5B91 41<1= @5AC5=D1> ! 49 *9CB2DA7 D>CD; =5>DAD>;1> 5=9B9 71B AD=18 ;131 B525B1A 45>71> DB181 B5>49A9 41> =5>31@19 :9;1 =5>41@1C 21>CD1> 9>C5A>1B9?>1< @141 C18D> 41A9 ;?>49B9 C1>@1 141>G1 A5>31>11;B9 '%!%% % '%' . 5A41B1A;1> ;5A1>7;1 ;5B5@1;1C1> ;5B5@1;1C1> C5AB52DC 491C1B =1;1 *5=5A9>C18 #>4?>5B91 =5>GDBD> <1>7;18 <1>7;18 41> @A?7A1=BCA1C579B D>CD; =5>DAD>;1> 5=9B9 71B AD=18;131 9 C9>7;1C (1B9?>1< C5<18 49BDBD> +5>31>1 ;B9 (1B9?>1< *5>DAD>1> =9B9 !1B +D=18 %131 +( !+% G1>7 491CDA 41<1= *5A1CDA1> *A5B945> (? -18D> *5A*A5B 9>9 =5AD@1;1> @54?=1> 2179B5;C?A B5;C?A G1>725A;19C1> <1>7BD>7 41> C941; <1>7BD>7 41<1= =5=@5>71AD89 41=@1; @5AD2181> 9;<9= B5@5AC9 *5AC1>91> %58DC1>1> 41> &181> !1=2DC >5A79 41> -A1>B@?AC1B9 #>4DBCA9 *5>75 &9=218 41> ;5791C1> @5>4D;D>7<19>>G1 %5A1>7;1 @9;9A <1>7;18 41> @A?7A1= C5AB52DC 49B5BD19;1> 45>71> ;5A1>7;1 (1B9?>1< 41> *A?E9>B9 C5A;19C $" ""$ $" $")& 41> $" " G1>7 49;5=21>7;1> =5>:149 *A? 89:1D 41> @A? =9B;9> G1>7 1AC9>G1 =5=21>7D> @9<1A @9<1A ;525A<1>:DC1> %'%&!&* B531A1 ;5B5 41> 1B@5; @5=21>7D>1> 5;?>?=9 I B?B91< I <9>7;D>71> 894D@ 41<1= 25>CD;

$!& $"(!% !&!! ))))))))))))))))

#


'%!%%+% $# "&&" !% G1>7 =5<9@DC9 #$"&#"##!& )<58 @5=5A9>C18 +5@D2<9; #>4?>5B91 41> 49C5A:5=18;1> =5<1?=9 "9:1D G1>7 *A? @5ACD=2D81> *A?

&1@1>71> %5A:1 *A? )A1>7 '9B;9> *A? "9:1D 41> 49CD:D;1> C1A75C @5ACD=2D81> 5;?>?=9 @5>DAD>1> 5=9B9 !1B +D=18 %131 G1>7 9451<>G1 45>71> @5A21>49>71> @5ACD=2D81> @5>DAD>1> 5=9B9 ;589<1>71>;51>5;1A171=1> 81G1C9 ,1<18 B1CD *A?@9>B9 G1>7 25A;?=9C=5> 41> 25A;?>CA92DB9 1;C96 41<1= =5A5B@?> 9BD 9BD @5AD2181> 9;<9= 141<18 *A?E9>B9 %1<9=1>C1> -5>718 "1< 9>9 41@1C 49945>C969;1B9 =5<17;191> ;5791C1> @5>9>7;1C1> ;1@1B9C1B1@1A1C @5=25>CD;1> %?=9B1A91C15A18%)' + *A?E9>B9 %17 =5<1DA (? C5>C1>7 *5=25>CD;1> %57DA1>71> =9B941A9 56?A5BC1B941>57A141B9 "DC1> 49 *A?E9>B9 %1<9=1>C1> -5>718 B5<19> 9CD 41<1= 25>CD; ;?=9C=5> *5=5A9>C18 *A?E9>B9 %17 *5=5A9>C18 %12D@1C5> %?C1 25B5AC1 B5 =1BG1A1;1C %1<9=1>C1> -5>718 41<1= =5>4D;D>7 C5;14 *5=5A9>C18 *DB1C D>CD; =5>7DA1>795=9B9 ;1A2?> =9C971B9 41> 141@C1B9 *5AD2181> #;<9= =5<17 !A55> *A?E9>35 .>CD; =5=@5A;D1C ;?=9C=5> G1>7 C5<18 141 4925>CD; 5F1> 15A18 *5AD2181> #;<9= *# 45>71> BCAD;CDA ;51>77?C11> G1>7 81=@9A B1=1 45>71> ;?>B5@ 5F1> (1B9?>1< D>CD; *5AD2181> #;<9= (*# 41> @141 @5A;5=21>71>>G1 49AD218 B5BD1945>71>;52DCD81> %17 *# 49=1>41C;1> D>CD; =5AD=DB;1> BCA1C579 C9>7;1C @A?E9>B9 G1>7 C5A;19C 45>71> @5>7DA1>71> 5=9B9 41> =9C971B9 @5AD2181> 9;<9= =5>7;??A49>1B9;1> ;5791C1> ;5791C1> G1>7 25A8D2D>71> 45>71> 141@C1B9 =9C971B9 41> 14?@B9 C5;>?31>7 BCA1C579 %1<9=1>C1> -5>718 D>CD; =5>:1>7;1D @1B1A @5A4171>71> ;1A2?>'5<1;D;1> *5>7D;DA1> *5<1@?A1> 41> /5A969;1B9 C5A8141@ @A?G5; 41> @5A1CDA1> C5A;19C 41> =5=1BC9;1> B5 =5>714?@B9 BCA1C579 @5ACD=2D81> A5>418 ;1A2?> '1>41C C5AB52DC 49C5A:5=18;1> 41<1= + !+% G1>7 =5AD@1;1> 4?;D=5> @5>:121A1> @A?7A1= @A?7A1= G1>7 =5A5B@?> 41> =5>7DA1>79 41=@1; @5AD21811> 9;<9= 49 *A?E9>B9 %1<9=1>C1> -5>718 ?;D=5> 9>9 :D71 =5>:149 B1<18 B1CD 41A9 @5>:121A1> ;5F5>1>71> !D25A>DA *A?E9>B9 %17 G1>7C5<18 25A;?=9C=5> D>CD;C5A<921C 1;C96 41<1==5A5B@?> 9BD 9BD *5AD2181> #;<9=49C1=218<17945>71>@?B9B9%17B521719*935+ 41> =5>:149 21791> 41A9 @A?B5B @5>GDBD>1> A5>31>1 @5=21>7D>1> 415A18 B5<1>:DC>G1 @1B31 +5>31>1 *5=21>7D>1> $1>7;1 '5>5>718 +*$' I ,5AC1 =5>G5BD19;1> B531A1 ;?>B9BC5> @141 A5>31>1 @5=21>7D>1> >1B9?>1< 41> A5>31>1 1;B9 >1B9?>1< @5>DAD>1> 5=9B9 71B AD=18 ;131 +( !+%

.$.( -D:D1> @5>GDBD>1> + !+% *A?E9>B9 %17 -18D> 141<18 '5>:121A;1> +( !+% 41<1= =5=5>D89 @5>DAD>1> 5=9B9 71B AD=18 ;131 45>71> DB181 B5>49A941> 45>71> =5>41@1C 21>CD1> 41> ;5A:1B1=1 45>71> (571A1<19>

$!& $"(!% !&!! ))))))))))))))))

#


'5>G5BD19;1> A5>31>1 @5=21>7D>1> :1>7;1 =5>5>718 415A18 +*$' I 45>71> + !+% G1>7 =5>:149 21791> 41A9 B9BC5= @5A5>31>11> @5=21>7D>1> 415A18 41<1==5A5B@?> 41> =5>7DA1>7941=@1; @5AD2181>9;<9= '5>G5491;1> 13D1> A5B=92179,1CD1> %5A:1 *5A1>7;1C15A18 ,%* *5=5A9>C18 *A?E9>B9 %17 41<1= =5>5>CD;1> @A9?A9C1B @A?7A1= @5=21>7D>1> C5ADC1=1 ;5791C1> 9>C9 41> ;5791C1> @5>4D;D>7 B5BD19 45>71> CD71B 41> 6D>7B9 2941>7>G1 41<1= =5A5B@?> @5>7DA1>71> 5=9B9!+% '5>4?A?>7 C5AFD:D4>G1 ;??A49>1B9 @1A1 @981; 9>C57A1B9 @A?7A1= 41> B9>;A?>9B1B9 A5>31>1 @5=21>7D>1> 1>C1A1 *5=5A9>C18 *A?E9>B941>%12D@1C5> %?C1 1>C1A *5=5A9>C18 %12D@1C5> %?C1 41> *5=5A9>C18 15A1845>71> *5=5A9>C18 *DB1C '5>7?@C9=1<;1> ;5A:1B1=1 41> ;5=9CA11> 1>C1A1 *5=5A9>C18 15A18 ,F1BC1 41> '1BG1A1;1C

&.+( %5 41A9 4?;D=5> 9>9 141<18 ?;D=5> +5>31>1 1;B9 15A18 *5>7DA1>71> =9B9 !1B +D=18 %131 + !+% 49 *A?E9>B9 %1<9=1>C1> -5>718 45>71> 1;D@1> -18D> B521719 41B1A *5>GDBD>1> *5A1CDA1> !D25A>DA *A?E9>B9 %1<9=1>C1> -5>718 C5>C1>7 + !+% C18D>

,+.%.' .>41>7 D>41>7 (?=?A -18D> C5>C1>7 *5>75B181> !& &"!% $ )"$ "!(!&"!"! &! .( .>41>7 .>41>7 +5@D2<9; #>4?>5B91 (?=?A -18D>

C5>C1>7 *5>75%5D1>71> (571A1 &5=21A1> (571A1 -18D>

(?=?A -1=2181> &5=21A1> (571A1 (?=?A .>41>7 .>41>7 +5@D2<9; #>4?>5B91 (?=?A -18D>

C5>C1>7 ,9BC5= *5A5>31>11> *5=21>7D>1> (1B9?>1< &5=21A1> (571A1 -18D>

(?=?A -1=2181> &5=21A1> (571A1 (?=?A .>41>7 .>41>7 +5@D2<9; #>4?>5B91 (?=?A -18D>

C5>C1>7 *5=5A9>C181> 15A18 &5=21A1> (571A1 -18D>

(?=?A -1=2181> &5=21A1> (571A1 (?=?A B521719=1>1 C5<18 49D218 45>71> .>41>7 .>41>7 (?=?A -18D>

C5>C1>7 *5AD2181> .>41>7 .>41>7 (?=?A -18D>

C5>C1>7 *5=5A9>C181> 15A18 =5>:149 .>41>7 .>41>7 &5=21A1> (571A1 -18D>

(?=?A -1=2181> &5=21A1> (571A1 (?=?A .>41>7 .>41>7 +5@D2<9; #>4?>5B91 (?=?A -18D>

C5>C1>7 *5A9=21>71> %5D1>71>

$!& $"(!% !&!! ))))))))))))))))

#


1>C1A1 *5=5A9>C18 *DB1C 41> 15A18 &5=21A1> (571A1 -18D>

(?=?A -1=2181> &5=21A1> (571A1 (?=?A .>41>7 D>41>7 (?=?A -18D>

C5>C1>7 *5A<9>4D>71> 41> *5>75 &9>7;D>71> "94D@ <5=21A1>(571A1 -18D>

(?=?A *5A1CDA1> *5=5A9>C18 (?=?A -18D>

C5>C1>7 *5>75 %5D1>71>141> &1G1>1> .=D= &5=21A1> (571A1 -18D>

(?=?A -1=2181> &5=21A1> (571A1 (?=?A *5A1CDA1> *5=5A9>C18 (?=?A -18D>

C5>C1>7 ,9BC5= #>6?A=1B9 %5D1>71> 15A18 &5=21A1> (571A1 -18D>

(?=?A -1=2181> &5=21A1> (571A1 (?=?A *5A1CDA1> *5=5A9>C18 (?=?A -18D>

C5>C1>7 "9218 &5=21A1> (571A1 -18D>

(?=?A -1=2181> &5=21A1> (571A1 (?=?A *5A1CDA1> *5=5A9>C18 (?=?A -18D>

C5>C1>7 *5>75 %5D1>71> 15A18 &5=21A1> (571A1 -18D>

(?=?A -1=2181> &5=21A1> (571A1 (?=?A *5A1CDA1> *5=5A9>C18 (?=?A -18D>

C5>C1>7 *5=21791> .ADB1> *5=5A9>C18 1>C1A1 *5=5A9>C18 *5=5A9>C18 15A18 *A?E9>B9 41> *5=5A9>C18 15A18 %12D@1C5> %?C1 &5=21A1> (571A1 -18D>

(?=?A -1=2181>&5=21A1> (571A1 (?=?A *5A1CDA1> *5=5A9>C18 (?=?A -18D> C5>C1>7 *5>7D1C1> *5A1> !D25A>DA B521719 01;9 *5=5A9>C18 *DB1C 4915A18 *5A1CDA1> *A5B945> (?=?A -18D> C5>C1>7 +5>31>1 *5=21>7D>1> $1>7;1'5>5>718 (1B9?>1<-18D> *5A1CDA1> *A5B945> (?=?A -18D> C5>C1>7 +5>31>1 ;B9 (1B9?>1< *5>DAD>1> =9B9 !1B +D=18 %131 +( !+% #>BCAD;B9*A5B945>(?-18D>

C5>C1>7+58129<9C1B941>+5E9C1<9B1B95;B*&! #>BCAD;B9 *A5B945> (? -18D> C5>C1>7 *5>D>411> #H9> 1AD 41> *5>G5=@DA>11 -1C1 %5 <1= *A9=5A 41>&181> !1=2DC ,DA1C %5@DCDB1> !D25A>DA (?=?A C5>C1>7 5F1> 15A18 *5AD2181> #;<9=*# *A?E9>B9%1<9=1>C1>-5>718

+(!%%-.(0.,.(( %5A1>7;1 F1;CD @5>GDBD>1> +5>31>1 ;B9 15A18 *5>DAD>1> =9B9 !1B +D=18 %131 +

!+% *A?E9>B9 %1<9=1>C1> -5>718 9>9 45>71> B35>1A9? 9>C5AE5>B9 ;5791C1> =1D@D> C1>@1 9>C5AE5>B9 141<18 D>CD; B5@D G19CD 41A9 C18D> I ,5<1>:DC>G1 @141 & 49CD>:D;;1> @5A9?45 @5>GDBD>1> ?;D=5> + !+% *A?E9>B9 %1<9=1>C1> -5>718 G1>749=D<19D<1> 52AD1A9 I );C?25A

$!& $"(!% !&!! ))))))))))))))))

#


& -%-. (0.,.(( )%.'( +)/#(,#&#'(-((!" +#)+.+# %-)+

+,#*(

!&'!

" #" $ !*'%'!

!(!&$%% & "' ! ! ! !'!!

!*'%'!! $" !

$&$%& $"(

&!

&!

! $

$

#$

'!

'

&

#&

&

"#

%

(0.,.(( +"#-.(!( ,&#( -, '#,# &!*'%'!! %! !*'%'!! %!$" &%

(0.,.(( %,# #-#!,#

(0.,.(( ,&.+." + - *+

+ - ,%" (!-.+( !&#! $&'$!

'$!'$ &!&! "%%%

(0.,.(( (

$!& $"(!% !&!! ))))))))))))))))

#

39;3@ ;@; 3=3@ ?7@<7>3D=3@ E7@E3@9 =A@6;D; 63@ B7C?3D3>3:3@ D33E ;@; J3@9 6;B3:3?; A>7: B7?7C;@E3:637C3:?7@97@3;DF?47C DF?47C7?;D;93DCF?3:=353J3@9E7C63B3E6;*CAG;@D; %3>;?3@E3@.7@93:

$<:147/,9,<,6>0<4=>46,0<,3

=;060:2<,14/,908:2<,14 ,

?,=/,9,>,=/8494=><,=4 *CAG;@D; %3>;?3@E3@ .7@93: 67@93@ ;4F=AE3 *3>3@9=3 ,3J3 E7C>7E3= 3@E3C3

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

##

*7>3=D3@33@ AEA@A?; 637C3: D74393; E;@63= >3@3=F@J3 /@63@9 /@63@9 (A?AC .3:F@ E7@E3@9 *7?7C;@E3:3@ 37C3: ?7?47C;=3@ B7>F3@9 63@ E3@E3@93@ 439; B7?7C;@E3: =34FB3E7@ =AE3 47D7CE3 ?3DJ3C3=3E@J3 F@EF= ?7@97?43@EF93D63@E3@99F@9<3H34J3@9>74;:>F3D 43;=63>3?4;63@9FCFD3@ B7?7C;@E3:3@?3FBF@63>3?B7@97>A>33@B7?43@9F@3@-74393;;?B>;=3D;63C; AEA@A?;E7CD74FE ?3=347C63D3C=3@/@63@9 /@63@9(A?AC.3:F@

E7@E3@9 *7?47@EF=3@ %34FB3E7@ %3E;@93@ %34FB3E7@ -7CFJ3@ %34FB3E7@ -F=3?3C3 %34FB3E7@ &3?3@63F %34FB3E7@ !F@F@9 '3D %34FB3E7@ *F>3@9 *;D3F %34FB3E7@'FCF@9,3J3 63@%34FB3E7@3C;EA.;?FC6;*CAG;@D;%3>;?3@E3@ .7@93: 3: =34FB3E7@ 6; *CAG;@D; %3>;?3@E3@ .7@93: 47CE3?43: 63C; =34FB3E7@63@=AE3?7@<36; =34FB3E7@63@=AE3 J3;EF 3 %AE3*3>3@9=3,3J367@93@;4F=AE3*3>3@9=3,3J3 4 %34FB3E7@%AE3H3C;@9;@3C3E67@93@;4F=AE3*3@9=3>3@F@ 5 %34FB3E7@%AE3H3C;@9;@.;?FC67@93@;4F=AE3-3?B;E 6 %34FB3E7@%3BF3D67@93@;4F=AE3%F3>3%3BF3D 7 %34FB3E7@3C;EA-7>3E3@67@93@;4F=AE3F@EA= 8 %34FB3E7@3C;EA/E3C367@93@;4F=AE3'F3C3.7H7: 9 %34FB3E7@&3?3@63F67@93@;4F=AE3(3@93F>;= : %34FB3E7@-F=3?3C367@93@;4F=AE3-F=3?3C3 ; %34FB3E7@-7CFJ3@67@93@;4F=AE3%F3>3*7?4F3@9 < %34FB3E7@%3E;@93@67@93@;4F=AE3%3DA@93@ = %34FB3E7@!F@F@9'3D67@93@;4F=AE3%F3>3%FCF@ > %34FB3E7@*F>3@9*;D3F67@93@;4F=AE3*F>3@9*;D3F ? %34FB3E7@3C;EA.;?FC67@93@;4F=AE3.3?;3@9&3J3@9 @ %34FB3E7@'FCF@9,3J367@93@;4F=AE3*FCF=3:F *7E3H;>3J3:36?;@;DEC3D;*CAG;@D;%3>;?3@E3@.7@93:6;D3<;=3@B363 ,8-,< -763@9=3@ >F3D H;>3J3: ?3D;@9 ?3D;@9 =34FB3E7@ =AE3 6;E3?B;>=3@ B363 (,-07 /3@ 3: %753?3E3@ 67D3 =7>FC3:3@ B363 ?3D;@9 ?3D;@9 =34FB3E7@ =AE36;*CAG;@D;%3>;?3@E3@.7@93::;@993.3:F@

6;E3?B;>=3@B363 (,-07

,8-,< $0>,$08-,24,9 *47,B,3$<:@49=4,748,9>,9(092,3

##

(,-07 ?,=*47,B,3!,=4928,=492,-?;,>09:>,/4$<:@49=4,748,9>,9(092,3

(,-07?87,30.,8,>,90=,/,907?<,3,9;,/,8,=4928,=492,-?;,>09:>, /4$<:@49=4,748,9>,9(092,3 4922, (,3?9

##

- (:;:2<,14 -7439;3@ 47D3C H;>3J3: %3>;?3@E3@ .7@93: ?7CFB3=3@ 637C3: 63E3C3@ C7@63: 67@93@EABA9C38;J3@9BC3=E;DC7>3E;863E3C?F>3;63C;H;>3J3:439;3@D7>3E3@ E7@93: 63@?7@7CFD63C;43C3E:;@993=7E;?FC*363D7=EACE7@93:H;>3J3:%3>;?3@E3@ .7@93:?F>3; 6;3@63;:;@993 =7?;C;@93@ E7CE7@EF 67@93@ BA>3 ;@E7@D;E3D =7?;C;@93@ J3@9 ?7@;@9=3E =7 3C3: FE3C3 -7=EAC FE3C3 ?7CFB3=3@ C3@9=3;3@ B79F@F@93@ 67@93@ 6A?;@3D; EABA9C38; 5FC3? 439;3@ H;>3J3: ;@; ?7?3@<3@9 63C; 43C3E 63J3 =7 E;?FC .;E;= E7CE;@99; H;>3J3: %3>;?3@E3@ .7@93: E7C63B3E 6; !F@F@9 3EF -3?43@9 67@93@ =7E;@99;3@?7@53B3; '7E7C6B>*CABACD;63C;3C73> 3C73>J3@947CEABA9C38; >74;:47C3E 43@J3=6;;=@J33C73> 3C73>47CEABA9C38;>74;:C;@93@E7C63B3E6;637C3: 637C3:J3@9 47C3636;=3H3D3@43H3: (,-07 47C;=FE ?7C;@5;=73633@EABA9C38;?7@FCFE =7?;C;@93@>3:3@6;E;3B E;3B =34FB3E7@ =AE3 (,-07 0,/,,9 (:;:2<,14 !09? 084<492,9 ,3,9 ?9>?6 (4,;>4,; ,-?;,>09:>, /4$<:@49=4,748,9>,9(092,3

. 0:7:24/,9(,9,3 3>3?C3@9=3B7@97?43@93@H;>3J3:6;%3>;?3@E3@.7@93: 47C4393;63E363@ ;@8AC?3D;63D3CE7C=3;E 67@93@BAE7@D;=7DF4FC3@E3@3: 43:3@E3?43@9 3;C E3@3: 63J36F=F@963@=7C3H3@3@8;D;=47C4393;637C3:6;%3>;?3@E3@.7@93: D3@93E 6;4FEF:=3@ 7C63D3C=3@ 8AC?3D; 43EF3@@J3 4F?; %3>;?3@E3@ .7@93: 47C3D3> 63C; 8AC?3D; 8AC?3D; 97A>A9;D J3@9 E7C9A>A@9 EF3 63BF@ B7@J743C3@ 8AC?3D; 43EF3@@J3 E7C6;C; 63C; >FG;F? 7@63B3@ DF@93; 63@ >3FE H;>3J3: 47C3H3

##

63@ 47C93?4FE 3EF3@ D76;?7@ J3@9 =3J3 3=3@ ?;@7C3> =F3CD3 3EF3@ D76;?7@ =>3DE;= ?;@7C3> =F3CD3 67@93@ D76;=;E ?3E7C;3> GF>=3@;= 3EF3@ 47=F 3EF3@ GF>=3@;=EF3 ?7@9:3D;>=3@<7@;DE3@3:J3@9=3J3F@DFC:3C363@3EF3@?7E3?AC8 .7C=3;E 67@93@ BAE7@D; =7DF4FC3@ E3@3: H;>3J3: H;>3J3: 6; %3>;?3@E3@ .7@93: E7C9A>A@9?7?;>;=;BAE7@D;=7DF4FC3@C7@63:'7@FCFEE;@9=3E=7DF4FC3@@J3 E3@3: 6;%3>;?3@E3@.7@93:E7C?3DF=63>3?=7>3D#0 063@###67@93@<7@;DE3@3:E7C6;C; 63C; )C93@ADA> >FG;3> ,79ADA> *'% *A6DA> &3EADA> &;EADA> 63@ &3E7C;E -7?7@E3C3 E7C=3;E 67@93@ DF?47C 63J3 ?;@7C3> 4F?; %3>;?3@E3@ .7@93: ?7@93@6F@9 ';@7C3> &A93? 47CFB3 7?3D BC;?7C 7?3D D7=F@67C 63@ 4;<;: 47D; ;E;@<3F63C;=7>3J3=3@7=A@A?;D@J3 ?;@7C3>>A93?J3@9>3J3=6;E3?43@9 363>3:7?3D-7>3@3;=7>3J3=3@7=A@A?;D5363@93@4;<;:47D; 4F?;%3>;?3@E3@.7@93:3?;=7@3;=3@ ';@7C3>(A@&A93? 47CFB3B3D;C=F3CD3 47@EA@;E =3A>;@ ?;=363@43EF 93?B;@9 ';@7C3> @A@ >A93? J3@9 ?7?;>;=; BCADB7= 63@ 5F=FB >F3D B7@J743C3@@J3363>3:B3D;C=F3CD363@=3A>;@/@EF=?;@7C3>@A@>A93?<7@;D ?;=363B3E6;E7?F;=:FDFD@J36;H;>3J3:8;D;A9C38;B7C4F=;E3@63@B79F@F@93@ -763@9=3@<7@;D43EF93?B;@963B3E6;;?3@E3@ -7>3E3@ 3EF *7C?3E3 47CFB3 ;@E3@ 63@ =75F4F@9 3EF B7C?3E3 <7@;D ;@E3@ E7C63B3E 6; 3>FG;F? B363 3>;C3@ DF@93; 3C;EAJ3@9E7C>7E3=6;*FCF=3:F D763@9=3@<7@;D=75F4F@963B3E6;3@F@ ';@7C3>@7C9; 47CFB3?;@J3=4F?;63@43EF43C3363@93@?;@J3=4F?; E7C63B3E 6; D7=EAC E7@93: J3@9 47C43E3D3@ 67@93@ %3>;?3@E3@ -7>3E3@ -763@9=3@5363@93@43EF43C3E7C63B3E6;D7=EACE;?FC>3FE ?7@7CFD=7D7>3E3@ 63@=743C3E / 4/<:7:24 ; H;>3J3: %3>;?3@E3@ .7@93: ?7@93>;C 4747C3B3 DF@93; 47D3C J3@9 47C:F>F 6; D7=EACFE3C3H;>3J3:-7<3>3@67@93@=A@6;D;8;D;A9C38;H;>3J3: DF@93; DF@93;FE3?3 ?7?BF@J3;=7?;C;@93@J3@9C7@63::;@993=7D7=EACE7@93:D7:;@993<3@9=3F3@ B7@93CF:B3D3@93;C>3FEC7>3E;8<3F:=:FDFD@J3B363?FD;?=7?3C3F-743>;=@J36; ?FD;?:F<3@ 3;CDF@93;D7C;@9?7>F3B=7H;>3J3:B763E3C3@J3@96;>;@E3D;@J3 ,3H393?4FEE7C63B3E:;@993=7D7=EACE7@93:*363439;3@J3@9>74;::;>;C E7C63B3E C3H3 B3D3@9 DFCFE 1;>3J3: >74;: :F>F 6;3>;C; 3@3= 3@3= DF@93; 47CBA>3 67@6C;E;= 67@93@ =7?;C;@93@ E;@99; 43:=3@ 47C;3? 7@93@ 67?;=;3@ =3H3D3@ :F>F D3@93E 47CBAE7@D; 439; B7?43@9=;E >;DEC;= E7@393 3;C 6;D3?B;@9 D74393;DF?47C3;C?;@7C3>%3H3D3@47C3H36;D7=EACE7@93:63@B7D;D;C47C8F@9D; D74393; C7E7@D; D33E =7>74;:3@ 3;C ?FD;? B7@9:F<3@ 63BF@ B7C3;C3@ 63C3E 6; %3>;?3@E3@ .7@93: J3=@; DF@93; 63@3F 63@ C3H3 67@93@ >F3D =FC3@9 >74;:

##

"3 BAE7@D;3> 439; B7C;=3@3@ 63C3E -F@93; DF@93; FE3?3 4;D3 6;>3J3C; :;@993=7D7=EACE7@93:D74393;?3@36;EF@
(,-07 ,>,'?92,4/4$<:@49=4,748,9>,9(092,3

-74393;3=D7DB7>3J3C3@>3FE *3@E3;>3FE6;D7>3E3@%3>;?3@E3@.7@93:?7C3@9=3; EF3;63C;-F=3?3C36;43C3E:;@993%3BF3D6;E;?FC67@93@B3@<3@9 93C;D B3@E3; =? -7>3;@ ;EF %3>;?3@E3@ .7@93: ;=; DF3EF =3H3D3@ 3@63>3@>3FEJ3@9=3J33=3@BAE7@D;;=3@ J3=@;B7C3;C3@>3FE%F3>3*7?4F3@9 *7C;:3> 3;C E3@3: %3>;?3@E3@ .7@93: ?7?;>;=; BAE7@D; 3;C E3@3: 63@9=3> J3@9 5F=FB 47D3C J3=@;B363H;>3J3:8;D;A9C38;B763E3C3@C7@63: 0 748,>:7:24 #=>;? 6; %3>;?3@E3@ .7@93: E7C?3DF= 63>3? E;B7 67@93@ ;=>;? ECAB;D J3@9 >7?43463@B3@3D1;>3J3:;@;C3E3 C3E3?7@63B3EB7@J;@3C3@?3E3:3C;>74;:63C; D7B3@<3@9 E3:F@ 67@93@ DF:F F63C3 47C=;D3C O Q O 7C63D3C=3@ B7@93?3E3@ E3:F@

B363 DE3D;F@ DF:F ?3=D;?F? C3E3 C3E3 ?7@53B3; P D763@9=3@ DF:F ?;@;?F? C3E3 C3E3 P -F:F ?;@;?F? E7C7@63: E7C53E3E6;*3>3@9=3,3J3 D7?7@E3C3DF:F?3=D;?F?E7CE;@99;E7C53E3E6;'F3C3 .7H7: )>7:=3C7@367=3E@J3H;>3J3:%3>;?3@E3@.7@93:=7=:3EF>;DE;H3 B7C47633@DF:F 3@E3C E7?B3E C7>3E;8 =75;> 63@ :3@J3 6;4763=3@ A>7: B7C47633@ 3>E;EF67 -F:F C7>3E;8 D;3@9 :3C; 47C=;D3C 3@E3C3 P Q P 63@ ?3>3? :3C; P Q P %73633@ DF:F 67?;=;3@?7@J7434=3@E;@99;@J3;@E7@D;E3DB7@9F3B3@)>7:D7434;EF 57@67CF@9

##

D7>3>FE7C63B3E3H3@3=E;863@F63C3J3@9<7@F:D7:;@993?7@93=;43E=3@D7C;@9@J3 EFCF@:F<3@6;%3>;?3@E3@.7@93:FC3::F<3@E3:F@3@B363E3:F@

6;H;>3J3: %3>;?3@E3@.7@93:47C=;D3C63C; ?? 6;?3@3@;>3;E7C7@63:47C3636; *3@9=3>3@ F@ 63@ E7CE;@99; 3636;'F3C3 .7H7:/@EF=<7>3D@J3 63E3 5FC3: :F<3@ E3:F@3@??6;%3>;?3@E3@.7@93:E3:F@

6;EF@,=4?9/4,748,9>,9(092,3(,3?9 88

7@93@=A@6;D;67?;=;3@?3=33DB7= ;=>;?F@EF=H;>3J3:%3>;?3@E3@.7@93: F?F?@J3 E;63=?7@<36;=7@63>3J3@947C3CE;439;B7@97?43@93@FD3:3B7CE3@;3@63>3?3CE;>F3D =:FDFD@J383=EACDF:FF63C3D7CE33:63@6;DEC;4FD;5FC3::F<3@E3:F@3@ 1 $:>09=4$09208-,92,9*47,B,3 *A>3*7@99F@33@&3:3@C73>"FE3@ %A@6;D; =A@6;D; 8;D;= H;>3J3: D753C3 3>3?;3: ?7@7@EF=3@ 43:H3 %3>;?3@E3@ .7@93: 363>3: 4;AC79;A@ :FE3@ 7@93@ B7@6F6F= J3@9 ?3D;: <3C3@9 BA>3 B7@99F@33@ >3:3@ 6; H;>3J3: %3>;?3@E3@ .7@93: ?7@3?B;>=3@ 6A?;@3D; =7>A?BA= B7@99F@33@ :FE3@ ";@993 D33E ;@; 6A?;@3D; :FE3@ E3?B;> :3?B;C 6; D7?F3 =34FB3E7@ E7C?3DF= 3J3: %AE3 *3>3@9=3 ,3J3 "3@J3 6; %34FB3E7@ 3C;EA .;?FC BA>3 D767?;=;3@ E3?B;> =FC3@9 6A?;@3@ /@EF= =73633@ E3:F@

B7@99F@33@ =7>A?BA= :FE3@ ?7@53=FB B7CD7@>F3D H;>3J3: *7C=7?43@93@ B363 E3:F@

E7C>;:3E 43:H3 =7>A?BA= B7@99F@33@ :FE3@ ?3D;: B7CD7@ 63C; >F3D H;>3J3: @3?F@ B7?F=;?3@ 63@ =7>A?BA= >3:3@ B7CE3@;3@ 47CE3?43: 5F=FB D;9@;8;=3@ (,-07 47C;=FE ?7@F@3:3@6;%3>;?3@E3@.7@93: 63C;E3:F@

:;@993

*CAG;@D;%3>E7@9D3?B3;E3:F@

?3D;:?7?;>;=;EFEFB3@:FE3@D7>F3D F3DH;>3J3:@J3.FEFB3@:FE3@E7CD74FEE7>3:47C=FC3@9

:3 <;=36;43@6;@9=3@67@93@EFEFB3@:FE3@@J3B363E3:F@

J3@9D7>F3D

##

3E3F47C=FC3@9B7CD7@63>3?H3=EFE3:F@3E3FC3E3 C3E3

:3 E3:F@"FE3@ J3@9 =A@6;D;@J3 C7>3E;8 47>F? 43@J3= E7C93@99F :FE3@ BC;?7C E7CFD ?7@FCF@ >F3D@J3 63@ :3@J3 E7CD;D3 B7CD7@ 63C; >F3D H;>3J3: BCAG;@D; "FE3@ J3@9 ?3D;: E7CD;D3D7439;3@47D3CEFEFB3@:FE3@363>3::FE3@D7=F@67C=:FDFD@J3J3@9D33E;@; ?7CFB3=3@ =3H3D3@ :FE3@ BCA6F=D; J3@9 3J3: =A@D7D; B7@743@93@ :FE3@ 7C63D3C=3@ E;B7 7=AD;DE7?@J3 63C; >F3D =3H3D3@ 47C:FE3@ D747D3C A=3D; 6; E3@3: ?;@7C3> D763@9=3@ D7>74;:@J3 3? 47@EF= :FE3@ E3@3?3@ ?A@A=F>EFC C7>3E;8 D3@93E D76;=;E 63@ :3@J3?7@53B3;>F3D

:33E3F:3@J3 63C;>F3DEFEFB3@:FE3@.FEFB3@ >3:3@>3;@@J3J3@9?7@6A?;@3D;D7>3;@:FE3@363>3:EFEFB3@D7?3= 47>F=3C E3@3:E7C4F=3C3H3 B7CE3@;3@>3:3@=7C;@9 63@B7C=74F@3@ *7C43@6;@93@EFEFB3@>3:3@D7>3?3B7C;A67

6;B7C>;:3E=3@63>3? ,8-,< 63@ (,-07 (?>?;,9 ?>,9/,9 0347,92,9 (?>?;,9 ?>,9 /4 $<:@49=4,748,9>,9(092,3 (,3?9 /,9

.FEFB3@"FE3@

:3

"FE3@BC;?7C

"FE3@D7=F@67C >A9976AG7C8AC7DE

"FE3@E3@3?3@

:3

:3

:3

.AE3>3C73>47C:FE3@

.AE3>3C73>E;63=47C:FE3@

%7:;>3@93@:FE3@:3 &33@93@:FE3@:3 E3:F@

; *CAG;@D; ;@; =7:;>3@93@ EFEFB3@ :FE3@ B363 =7@J3E33@@J3 :3@J3 ?7@;@9=3E=3@ 47CE3?43: >F3D@J3 >3:3@ >3:3@ J3@9 E;63= BCA6F=E;8 63@ D76;=;E ?7@3?43: EFEFB3@ >3:3@ J3@9 >74;: BCA6F=E;8 63C; :3D;> 4F6;63J3 E3@3?3@ -7>3?3 B7C;A67

:;>3@9@J3 EFEFB3@ :FE3@ 678AC7DE3D; D753C3 F?F? :3@J3 ?7@<36; >3:3@ >3:3@ E;63= BCA6F=E;8 63>3? 47@EF= D7?3= 47>F=3C 63@ E3@3: E7C4F=3 %7:;>3@9=3@ :FE3@ J3@9 ?7@<36; >3:3@ BCA6F=E;863>3?47@EF=B7C=74F@3@:3@J3?7@53B3;

##

,8-,<$0?>?;,9 ,3,9/4$<:@49=4,748,9>,9(092,3 '05,6(,3?9

##

?,=3,

,8-,< (?>?;,9 ,3,9$<<:@49=4,748,9>,9(092,3 (,3?9 /,9

(,-07 01:<0=>,=4/,9 002<,/,=,4 ?>,9 (,3?9 /4 ,748,9 9>,9(092,3 , &(&*$ "& "* "*. %" % %!. %" %' %** %**& **% -' . .(

#&'( #&'(' '

(#( #&'('

&')(" &')(("

(#( &'

##

*A>3*7@99F@33@&3:3@C73>(A@"FE3@ C73> @A@ :FE3@ 6;6A?;@3D; A>7: <7@;D <7@;D B7@99F@33@ >3:3@ B7CE3@;3@ C73>

3C73> B7@99F@33@ B7CE3@;3@ @A@ B7C=74F@3@ 47D3C 47CD3?3 D3?3 67@93@ 3C73> B7?F=;?3@ D753C3 F?F? 47C=7?43@9 D7B3@<3@9 DF@93; DF@93; 47D3C C73> 3C73> B7C=74F@3@ 47D3C J3@9 47C=7?43@9 =7?F6;3@ ?7?F>3; BA>3 B7C=7?43@93@ 47C4763 J3=@;E;63=57@67CF@9 ?7@9;=FE;DF@93;47D3C .AE3>B7CFD3:33@ 47D3C 6; %3>;?3@E3@ .7@93: 47C3: F@;E 67@93@ >F3D

"3 E7C6;C; 63C; =A?A6;E;%7>3B3-3H;E F@;E %3C7E F@;E63@%7>3B3-3H;E %3C7EF@;E*7CFD3:33@ 47D3CJ3@9DF63:AB7C3D;A@3>D743@J3=F@;E67@93@>F3D "3E7C6;C; 63C; =A?A6;E; %7>3B3 -3H;E F@;E %3C7E F@;E 63@ %7>3B3 -3H;E %3C7E F@;E -763@9=3@ B7CFD3:33@ 47D3C J3@9 47>F? AB7C3D;A@3> D743@J3= F@;E 67@93@ >F3D "3 E7C6;C; 63C; =A?A6;E; %7>3B3 -3H;E F@;E %3C7E F@;E 63@ %7>3B3-3H;E %3C7EF@;E63BF@>F3D3C73>63@BCA6F=D;E3@3?3@B7C=74F@3@D3?B3; E3:F@

6;D3<;=3@B363 (,-07 (,-07 ?,=<0,7/,9:8:/4>,=$0<60-?9,9,748,9>,9(092,3(,3?9

*7CE3?43:3@3C73>B7?F=;?3@5F=FB87@A?7@3> J3=@;D743@J3=B7CD7@"3> ;@; D7<3>3@ 67@93@ 83=E3 EF?4F:@J3 B7?F=;?3@ 43CF B363 E;E;= E;E;= DEC3E79;D 6; <3>FC 3CE7C; <3>3@ >;@E3D %3>;?3@E3@ 7?B>3D7?7@ 7?B>3D7?7@ 6; B7C=74F@3@ 63@ B7?4F=33@ =A?B>7=D B7C=3@EAC3@ B363 =AE3 =AE3 =34FB3E7@ B7?7=3C3@ -7?7@E3C3 ;EF >F3D D7?3= 47>F=3C D7?3=;@ 47C=FC3@9 D753C3 D;9@;8;=3@ '7@9;@93E D7439;3@ 47D3C H;>3J3: *CAG;@D; %3>;?3@E3@ .7@93: ?7CFB3=3@ 637C3: 63E3C3@C7@63:67@93@EABA9C38;J3@9BC3=E;DC7>3E;863E3C ?F>3;63C;H;>3J3:6; D7=EACD7>3E3@=7E7@93:J3@9?7@7CFD63C;43C3E:;@993=7E;?FC&F3D@J3>3:3@ 93?4FE 6; *CAG;@D; %3>;?3@E3@ .7@93: E7>3: ?7@63D3C; B7>3=D3@33@ BCAJ7= B7@97?43@93@ >3:3@ 93?4FE *&! F@EF= B7CE3@;3@ E3@3?3@ B3@93@ D74393; FB3J3?7?7@F:;=74FEF:3@B3@93@@3D;A@3>*CAJ7=;@;47C:3D;>?7?4F=33C73> 43CF B7CE3@;3@ 7=DE7@D;8;=3D; ?7@;@9=3E=3@ ;@E7@D;E3D E3@3? ?7?3@833E=3@ >3:3@ >3:3@ 47C3H3 ?7?43@9F@ 47C4393; <7@;D D3>FC3@ B;@EF B;@EF 3;C

##

?7@57E3=D3H3: <3>3@63@<7?43E3@ D3C3@3B7C?F=;?3@ D7CE3?7@63E3@9=3@ EC3@D?;9C3@ 43;=63C;>F3C?3FBF@>A=3>;3C73>*&!E7C63B3EBAE7@D;>3:3@B36; D7>F3D

"3 J3@9 D7E;3B E3:F@@J3 ?7@JF?43@9=3@ B3@93@ E3@3?3@ B36; 439;?3DJ3C3=3E6;%3>;?3@E3@.7@93:-7=EACB7E7C@3=3@6;%3>;?3@E3@.7@93: B363F?F?@J3?3D;:6;93C3B D753C3EC36;D;A@3>63>3?47@EF=FD3:3=75;>3E3F CF?3:E3@993(3?F@67?;=;3@ ?7>;:3E>F3D@J3>3:3@CF?BFE6;%3>;?3@E3@ .7@93: 6;C3D3 5F=FB BAE7@D;3> F@EF= ?7@97?43@9=3@ 4;D@;D 6; 4;63@9 B7E7C@3=3@D7B7CE;D3B; =7C43F =3?4;@9 6A?4363@F@993D -74393; BCAG;@D; E7C>F3D =7E;93 6; #@6A@7D;3 %3>;?3@E3@ .7@93: ?7?BF@J3; =3H3D3@ :FE3@ D7>F3D "3 3E3F D7=;E3C B7CD7@ 63C; EAE3> >F3D H;>3J3:&F3D:FE3@;@;4;D36;B3DE;=3@D3@93E?7@9F@EF@9=3@ *CAG;@D;%3>;?3@E3@ .7@93: ; D7=EAC B7CE3?43@93@ %3>;?3@E3@ .7@93: ?7?;>;=; BAE7@D; J3@9 ?7@<3@<;=3@63@?7C3E36;D7>FCF:637C3:@J3%3>;?3@E3@.7@93:?7?;>;=;DF?47C 63J3E3?43@943:3@?;@7C3>63@43:3@93>;3@9A>A@93@63BF@43:3@E3?43@9 J3@9 DF63: 6;?3@833E=3@ 3@E3C3 >3;@ E3?43@9 7?3D =3A>;@ 43EF 93?B;@9 43EF43C3 4;<;47D; ?3@93@ ?;=363@B3D;C=F3CD33:3@ 43:3@;@;E7CD743C 6;4747C3B3637C3: 67@93@=3@6F@93@J3@9C7>3E;847D3C63@BAE7@D;3>F@EF= 6;=7?43@9=3@D753C3>74;:?A67C@ J3@963B3E?7@9:3D;>=3@@;>3;7D=BACF@EF= ?7@;@9=3E=3@*7@63B3E3@D>;637C3:*-7?7@E3C3;EF 43:3@93>;3@9A>A@93@ 6; 3@E3C3@J3 363>3: 43EF =7C;=;> B3D;C FCF9 63@ E3@3: >;3E ; D7=EAC ;@6FDEC; E7CFE3?3 J3@9 47C43D;D DF?47C 63J3 3>3? >74;: =:FDFD >39; ;@6FDEC; B7@9A>3:3@ :3D;>:FE3@63@E3@3?3@B3@93@ %3>;?3@E3@.7@93: ?7?;>;=;BAE7@D;J3@95F=FB 43;= #@6FDEC; =3JF >3B;D 63@ BCA6F= =3JF ;=FE3@@J3 ?7CFB3=3@ 3@63>3@ FE3?3 *CAG;@D; %3>;?3@E3@ .7@93: #@6FDEC; A>3:3@ D7B7CE; CAE3@ =3C7E 63@ =3JF E7>3: 6;B3D3C=3@D753C3>F3D 43;=F@EF==74FEF:3@B3D3C6A?7DE;=?3FBF@7=DBAC %3>;?3@E3@ .7@93: 3? 4;63@9 B3C;H;D3E3 E7CFE3?3 H;D3E3 3>3? J3@9 47CFB3 H;D3E3 :FE3@ 3E3F 5393C 3>3? 3@E3C3 >3;@ F=;E ,3J3 =7>A?BA= :FE3@ ?A@F?7@E3> 63@ B3@E3; /3? 63C3E >3FE63@B3@E3;J3@9;@63:D7CE33>3?;6; %AE3H3C;@9;@ 3C3E 3;C E7C3F 7D3C 63@ *3FC3D 6; 3C;EA /E3C3 63@ F=;E .3@9=;>;@96;*3>3@9=3,3J337C3: 637C3:E7CD74FE 363>3:4747C3B3A4J7=H;D3E3 3>3?J3@9;@63:6;637C3:%3>;?3@E3@.7@93: -74393; EF;?3@E3@ .7@93: ;=; 47C4393; D3C3@363@BC3D3C3@3B7@F@<3@96;3@E3C3@J33@63C3.<;>;=,;HFE6;*3>3@9=3,3J3 3@63C3#D=3@63C6;*3@9=3>3@F@ 3@63C3"D3@6; -3?B;ED7CE343@63C3

43@63C3 >3;@@J3 7?;=;3@ @J3 67@93@ B7>34F:3@ 6;?3@3 E7C63B3E 4747C3B3 B7>34F:3@ J3=@; *7>34F:3@ %F?3; *7>34F:3@ *3@9=3>3@ F@ *7>34F:3@-3?B;E *7>34F:3@ .7>F=-79;@EF@96;%F3>3*7?4F3@9 63@*7>34F:3@ 3E3@3? 7@93@ E7CD76;3@J3 D3C3@3 ;@8C3DECF=EFC E7CD74FE ?7?47C;=3@=7?F63:3@439;B3C3;@G7DEAC63>3??3FBF@63C;>F3C@797C;F@EF= 47C=F@;?3@E3@.7@93:-7>3;@;EFDF?47C63J33>3? J3@9

##

E3==3>3:?7?;=3E6;F?;.3?4F@F@93;363>3:B7C=74F@3@%7>3B3-3H;E-7=EAC ;@; 63C; E3:F@ =7 E3:F@ E7CFD ?7?;=3E B3C3 ;@G7DEAC *363 E7C:3?B3C "3%74F@-3H;E 67@93@3: B7CFD3:33@D743@J3= F@;E%A@EC;4FD; D7=EACB7C=74F@3@E7C:363B*,%3>;?3@E3@.7@93:B363E3:F@

?7@53B3; B7CD7@ 6;?3@3D7439;3@47D3C?7CFB3=3@=A@EC;4FD;63C;B7C=74F@3@%7>3B3 -3H;E ; D7=EAC B7CE3?43@93@ D74393;?3@3 6; FC3;=3@ 6; 3E3D D753C3 97A>A9;D %3>;?3@E3@.7@93:E7C6;C;3E3DD3EF3@43EF3@47=F 43@EF3@D76;?7@ 63@ 43EF3@ ?7E3?AC8 %7E;93 D3EF3@ 43EF3@ ;@; ?7?43H3 BAE7@D; 43:3@93>;3@E3?43@9J3@947C393?*363D3EF3@47=F;@; E7C63B3E6;439;3@FE3C3 %3>;?3@E3@.7@93:63@6;=7@3>D74393;TAC@7A!A>67>ET E7CD;?B3@ BAE7@D; 7?3D63@B7C3=D7CE34747C3B3<7@;D>A93?63D3C-3EF3@D76;?7@E7C6;C;3E3D E;93 57=F@93@ 47D3C ?3D;@9 ?3D;@9 7=F@93@ 3C;EA 7=F@93@ '7>3H; 63@ 7=F@93@%FE3; %7E;93 57=F@93@;@; ?3@93@6F@95743=3@ ?;@J3= 63@ 93D 4F?; 43EF43C3 >A93? ?F>;3 63@ >A93? 63D3C D7=F@67C %A@6;D; ;@; ?7@3C;= B3C3 ;@G7DEAC F@EF= 47C;@G7DE3D; 6; 4F?; %3>;?3@E3@ .7@93: #@; E7C>;:3E 63C; 3: B7C;K;@3@ 63@ =A@EC3= J3@9 363 ?F>3; 63C; 7@3? %A@EC3= %3CJ3 %% *7C<3@<;3@ %3CJ3 *7@9FD3:33@ *7CE3?43@93@ 3EF43C3 *%* %F3D3 *7CE3?43@93@%* -FC3E#K;@*7CE3?43@93@,3=J3E37C3: -FC3E#K;@ *7CE3?43@93@,3=J3E1*,;>A=3D;D7>F3D "3E7CD76;3BAE7@D; ?;>;3CEA@43EF43C3 E7C6;C;3E3D ';>;3C.A@67@93@=>3D;8;=3D;E7C7=3 63@ $FE3 .A@ 67@93@ =>3D;8;=3D; E7CF=FC '7D=; *7?7C;@E3: %3>;?3@E3@ .7@93:E7>3:?7@3C97E=3@3: BCA6F=D;D7=EACB7CE3?43@93@D747D3C;D3D;@J343CF?7@53B3;$FE3.A@B7CE3:F@"3> ;@; 6;D7434=3@ =3C7@3 363@J3 =7@63>3 3@9=FE3@ /@EF= ?7@93E3D; :3> ;@; *7?7C;@E3: *CAG;@D; ?7C7@53@3=3@ B7?43@9F@3@ <3>3@ =7C7E3 3B; 67@93@ BA>3 %7C<3D3?3*7?7C;@E3:-H3DE3%*- 6;?3@3F@EF=E3:3B#3=3@6;43@9F@B363 CF3D*FCF=3:F Q 3@9=F3@9D7B3@<3@9=? J3@9D33E;@;DF63:?7?3DF=; E3:3B3@B7@3H3C3@ 4;66;@9 2 ,A,=,9&,A,909.,9, *CAG;@D; %3>;?3@E3@ .7@93: 67@93@ >F3D %?M

"3 ?7?;>;=; >3:3@93?4FE6;H;>3J3:D7>3E3@67@93@>F3D?7@53B3; "3 67@93@ =763>3?3@ Q '7E7CD7>F3D"363@=763>3?3@6;3E3D'7E7CD7>F3D "3&3:3@93?4FE;@;?7CFB3=3@637C3:C3H3@=743=3C3@=3C7@3E7>3: ?7@93>3?; 679C363D; 3=;43E B7?4F=33@ =3@3> F@EF= BCAJ7= *&! %7<36;3@ =743=3C3@ B363 E3:F@ 6; %3>;?3@E3@ .7@93: E7C53E3E D74393; DF3EF =7<36;3@=743=3C3@J3@9E7CB3C3:D7B3@<3@9=FCF@H3=EF E3:F@47>3=3@93@ ;@; 6;?3@3 E3@3: 93?4FE J3@9 6F>F@J3 E;63= ?F63: E7C43=3C =3C7@3 D7>3>F E7C97@3@93;C =;@;DF63:?7@<36;439;3@J3@9DF>;E6;:;@63C=3@63C;3B; ;*CAG;@D; %3>;?3@E3@.7@93: 6;>3BAC=3@E;63==FC3@963C; $FE3"3>3:3@63@:FE3@J3@9 E7>3: E7C43=3C >6:AFD

D763@9=3@ B363 B7C;A67 E3:F@

J3@9 6;?F>3; B3634F>3@$F>;D3?B3;)=EA47C6;>3BAC=3@D7>F3D

"3E7C43=3C-;797CE7E3>

3C; B7@93?3E3@ >3B3@93@ 3H3> )=EA47C

D74393;?3@3 6;>3BAC=3@ A>7:6;@3D=7:FE3@3@*CAG;@D;%3>;?3@E3@.7@93: =743=3C3@E3:F@

D7>F3D

##

"3F?F?@J3E7C<36;B3633C73>D7?3=47>F=3C 63@;@;?7@J7434=3@ ?3D3>3: 3D3B J3@9 5F=FB D;9@;8;=3@ =:FDFD@J3 B363 =3H3D3@ J3@9 47C3=D7D E;@99; D7B7CE;6;D7=;E3C<3>FC<3>3@>;@E3D%3>;?3@E3@BACADD7>3E3@ 3 08:2<,14 3>3? B7>3=D3@33@ B7?43@9F@3@ B7@6F6F= ?7CFB3=3@ 83=EAC J3@9 D3@93E 6A?;@3@ =3C7@3 E;63= D3<3 47CB7C3@ D74393; B7>3=D3@3 B7?43@9F@3@ E7E3B; 3;@ 43:H3 DF?47C 63J3 ?3@FD;3 J3@9 47C=F3>;E3D E;@99; D3@93E 6;4FEF:=3@ 63>3? ?7@F@<3@9 =747C:3D;>3@ B7?43@9F@3@ )>7: =3C7@3 ;EF B7?43@9F@3@ DF?47C63J3 ?3@FD;3 ?7CFB3=3@ DF3EF =7:3CFD3@ 63>3? B7>3=D3@33@ B7?43@9F@3@ J3@9 47C=7D;@3?4F@93@ 6; *CAG;@D; %3>;?3@E3@ .7@93: -74393; ;@BFE 63>3? D7E;3B B7@JFDF@3@ C7@53@3 B7?43@9F@3@ ?3=3 B7@97E3:F3@ E7@E3@9 63E3 =A@6;D; =7B7@6F6F=3@ 7=D;DE;@9 6; H;>3J3:C7@53@3D3@93E6;4FEF:=3@ !3?43C3@/?F?*7@6F6F=%3>;?3@E3@.7@93: 7C63D3C=3@ :3D;> B7@5353:3@ -7@DFD *7@6F6F= 3: B7@6F6F= 6; *CAG;@D;%3>;?3@E3@.7@93:363>3: AC3@9 J3@9E7C6;C;3E3D >3=; >3=;63@ B7C7?BF3@63BF@3:=7B3>3=7>F3C93%%E7C53E3E D743@J3= %% 3C; :3D;> -7@DFD *7@6F6F= -* E7CD74FE B7@J743C3@ B7@6F6F= %3>;?3@E3@ .7@93: E3?B3= ?3D;: 47CEF?BF B363 4747C3B3 =34FB3E7@ ;@6F= %34FB3E7@ %AE3H3C;@9;@ .;?FC %3BF3D 63@ %AE3H3C;@9;@ 3C3E 363>3: E;93 %34FB3E7@ 67@93@ FCFE3@ E7C3E3D J3@9 ?7?;>;=; 3: B7@6F6F= E7C43@J3= J3@9 ?3D;@9 ?3D;@9 47C3: AC3@9 AC3@9 63@AC3@9 %34FB3E7@%3E;@93@?7CFB3=3@%34FB3E7@ B7?7=3C3@67@93@3:B7@6F6F=E7C43@J3=6;3@E3C3=34FB3E7@B7?7=3C3@ >3;@@J36;%3>;?3@E3@.7@93:J3=@;D743@J3= AC3@97@93@>F3DH;>3J3: %3>;?3@E3@ .7@93: D7=;E3C =;>A?7E7C B7CD79; J3@9 6;6;3?; A>7: AC3@9 ?3=3 C3E3 C3E3 E;@9=3E =7B363E3@ B7@6F6F= %3>;?3@E3@ .7@93: 363>3: D743@J3=AC3@9B7C=;>A?7E7CB7CD79;%AE3*3>3@9=3,3J3D74393;;4F=AE3 BCAG;@D;?7?;>;=;E;@9=3E=7B363E3@B7@6F6F=B3>;@9E;@99; J3=@;D743@J3= AC3@9 B7C=;>A?7E7CB7CD79;D763@9=3@J3@9B3>;@9C7@63: 363>3: %34FB3E7@ 'FCF@9,3J3J3=@;D743@J3=AC3@9B7C=;>A?7E7CB7CD79; -7I,3E;A*7@6F6F=%3>;?3@E3@.7@93: 3E3 -7I ,3E;A 47C9F@3 F@EF= B7@97?43@93@ B7C7@53@33@ B7?43@9F@3@ J3@9 47CH3H3D3@ 97@67C E7CFE3?3 J3@9 47C=3;E3@ 67@93@ B7C;?43@93@ B7?43@9F@3@>3=; >3=;63@B7C7?BF3@D753C336;>"3D;>-7@DFD*7@6F6F= ?7@F@;?3@E3@ .7@93: 363>3: D747D3C J3@9 3CE;@J3 363>3: B7@6F6F= >3=; >3=; 6; BCAG;@D; ;@; B7CD7@ >74;: 43@J3=6;43@6;@9=3@3:B7@6F6F=B7C7?BF3@@J3-7IC3E;AE7C47D3C E7C<36;6; %34FB3E7@-7CFJ3@J3=@;D747D3C D763@9=3@J3@9E7C=75;>E7C<36; 6;%34FB3E7@ %3BF3D 3C;EA-7>3E3@63@*3>3@9=3,3J3J3=@;D747D3C #@8AC?3D;E7@E3@9 3:B7@6F6F= B7C<7@;D=7>3?;@63@D7IC3E;A@6;FC3;=3@B363 (,-07

##

(,-07?87,3$09/?/?6!09?,-?;,>09:>,/,9094=07,849(,3?9

=;060=05,3>0<,,9!,=B,<,6,> DB7==7D7<3:E7C33@?3DJ3C3=3EE7C6;C;63C;6F38A=FDJ3=@;8A=FD=7D7<3:E7C33@63@ B7?7C3E33@ 7=A@A?; D7CE3 8A=FD =7D7<3:E7C33@ DAD;3> '3D;@9 ?3D;@9 8A=FD E7CD74FE 6;43:3DB363439;3@6;43H3:;@; A=FD%7D7<3:E7C33@63@*7?7C3E33@=A@A?; DB7==7D7<3:E7C33@?3DJ3C3=3E?7@<7>3D=3@E7@E3@9B7C=7?43@93@ =7D7<3:E7C33@ *CAG;@D; %3>;?3@E3@ .7@93: 6;E;@<3F 63C; D;D; =7D7<3:E7C33@ 63@ B7?7C3E33@ 7=A@A?; =7D7<3:E7C33@ DAD;3> D7CE3 D7@; 4F63J3 63@ A>3:C393 *363 439;3@ ;@; 3=3@ 6;B3B3C=3@ >74;: ?7@63>3? 3DB7= =7D7<3:E7C33@ 63@ B7?7C3E33@ 7=A@A?; J3@9 ?7@53=FB ?3D3>3: B7CEF?4F:3@ 7=A@A?; B7C=7?43@93@ *, D7=EAC3> DECF=EFC B7C7=A@A?;3@ ;@8>3D; B7C=7?43@93@ *, B7C =7>A?BA= D7=EAC B7@63B3E3@ B7C =3B;E3 BCA6F=E;8;E3D E7@393 =7C<3 *, ?7@FCFE B7@99F@33@ 63@ 93?43C3@ D;@9=3E D7=EAC 3*7CEF?4F:3@*,,79;A@3> *7CEF?4F:3@ 7=A@A?; C79;A@3> D3@93E 7C3E :F4F@93@@J3 67@93@ ?3D;@9 ?3D;@9 D7=EAC J3@9 ?7?47@EF=@J3 "3> ;@; 47C=3;E3@ 7C3E 67@93@ =A@EC;4FD; ?3D;@9

?3D;@9 D7=EAC J3@9 47CBAE7@D; 47D3C ?3FBF@ D7=EAC D7=EAC J3@9 ?3D;: B7C>F ?7@63B3E B7C:3E;3@ >74;: F@EF= 6;<36;=3@ BC;AC;E3D B7@97?43@93@ D7:;@993 6;:3C3B=3@63B3E?7@<36;D7=EACJ3@9?7?BF@J3;B7C3@3@>74;:47D3C6;?3D3 J3@9 3=3@ 63E3@9 *7CEF?4F:3@ 7=A@A?; J3@9 47C=7D;@3?4F@93@ 6;:3C3B=3@ 63B3E ?7@;@9=3E=3@ E3C38 :;6FB ?3DJ3C3=3E ?7?B7C>F3D =7D7?B3E3@ =7C<3 B7?7C3E33@B7?439;3@B7@63B3E3@ ?3DJ3C3=3E ?7@;@9=3E=3@:F4F@93@7=A@A?; 63@ ?7@9FD3:3=3@ B7C97D7C3@ =79;3E3@ 7=A@A?; 63C; D7=EAC BC;?7C =7 D7=EAC D7=F@67C63@ E7CD;7C D7:;@993 E7C5;BE3B7@63B3E3@ ?3DJ3C3=3EJ3@9?7@;@9=3E D753C3?3@E3B67@93@ B7?7C3E33@J3@9D743;=?F@9=;@&3
D747D3C B7CD7@ -F?43@93@ E7C47D3C *, E3:F@

3E3D 63D3C "3C937C>3=F363>3:63C;D7=EACB7CE3@;3@J3;EFD747D3C,B ';>J3C63@

##

3E3D 63D3C "3C93 %A@DE3@ E3:F@

D747D3C ,B

';>J3C *7CEF?4F:3@ 7=A@A?; %3>;?3@E3@ .7@93: 63C; E3:F@

D3?B3; 67@93@ E3:F@

C7>3E;8 ?7@93>3?; B7@;@9=3E3@ *363 E3:F@

D747D3C B7CD7@ E3:F@

D747D3C B7CD7@-7?7@E3C3B363E3:F@

?7@93>3?;B7@;@9=3E3@D747D3C B7CD7@ *363 E3:F@

?7D=;BF@ 363 B7@93CF: =C;D;D 7=A@A?; 9>A43> B7CEF?4F:3@7=A@A?;%3>;?3@E3@.7@93: ?3D;:63B3E?7@53B3; B7CD7@ 3E3F >74;: E;@99; 63C; B7CEF?4F:3@ 7=A@A?; @3D;A@3> D747D3C B7CD7@ *7CEF?4F:3@ 7=A@A?;%3>;?3@E3@.7@93:E3:F@ D3?B3;67@93@ .C;HF>3@###F?EAF? 47C63D3C=3@63E3*- %3>;?3@E3@.7@93:E3:F@ 363>3:D747D3C B7CD7@

,8-,< $0<>?8-?3,96:9:84,748,9>,9(092,3(,3?9 C

4*7CEF?4F:3@*,-7=EAC3> -3>3:D3EF;@6;=3EACB7@E;@9F@EF=?7@97E3:F;=A@6;D;B7C7=A@A?;3@ D753C3 ?3=CA 363>3: 63E3 *CA6F= A?7DE;= ,79;A@3> CFEA *, *, *CAG;@D; %3>;?3@E3@ .7@93: 63C; E3:F@ =7 E3:F@ E7CFD ?7@93>3?; B7@;@9=3E3@ D7B7CE; E7>3: 6;FC3=3@ B363 439;3@ D747>F?@J3 *7C=7?43@93@ *, D753C3 D7=EAC3> E3:F@

63@

6;>;:3E 63C; >3
(,-07 $&>,=,=,<,<2,0<7,6?/,9:9=>,9 (,3?9 /,9 !09? ,;,92,9)=,3, ,5?$0<>?8-?3,9=0<>,'?8-0<$0<>?8-?3,9

##

3C; E347> 6; 3E3D E7C>:3E 43:H3 B363 E3:F@

D7=EAC J3@9 EF?4F: C7>3E;8 E;@99; 63@ ?7?47C;=3@ =A@EC;4FD; B3>;@9 47D3C E7C:363B B7CEF?4F:3@7=A@A?;B363E3:F@

363>3:D7=EACB7C6393@93@ :AE7> C7DEAC3@ -7=EAC 43@9F@3@ ?7D=;BF@ ?7@93>3?; B7CEF?4F:3@ B3>;@9 E;@99; @3?F@:3@J347C=A@EC;4FD;D747D3C B7CD7@E7C:363BB7CEF?4F:3@7=A@A?; -7?7@E3C3 D7=EAC B7CE3@;3@ ?3?BF EF?4F: B7CD7@ 63@ ?7?47C;=3@ =A@EC;4FD; B7CD7@E7C:363BB7CEF?4F:3@7=A@A?;637C3:B363E3:F@

5-ECF=EFC*7C7=A@A?;3@ -7=EAC B7CE3@;3@ ?7CFB3=3@ D7=EAC J3@9 E7C47D3C 3@6;>@J3 63>3? =79;3E3@ B7C7=A@A?;3@ 6; *CAG;@D; %3>;?3@E3@ .7@93: "3> ;@; E7C>;:3E 63C; 47D3C@J3 =A@DEC;4FD; D7=EAC B7CE3@;3@ E7C:363B EAE3> *, *363 E3:F@

D7=EAC B7CE3@;3@ ?7?47C; DF?43@93@ E7C47D3C 63>3? B7?47@EF=3@ *, J3;EF %7?F6;3@6;DFDF>D753C347CEFCFE EFCFE A>7:D7=EACB7C6393@93@ C7DEAC3@63@ :AE7> D747D3C D7=EAC <3D3 <3D3 D7=EAC B7@93@9=FE3@ 63@ =A?F@;=3D; D747D3C 63@ D7=EAC ;@6FDEC; B7@9A>3:3@ D747D3C -7?7@E3C3 D7=EAC B7CE3?43@93@ 63@ B7@993>;3@ ?7@JF?43@9 D7=EAC 43@9F@3@ D7=EAC =7F3@93@ B7CD7H33@63@<3D3 D7CE3>;DEC;=63@3;C 47CD;:D747D3C @-ECF=EFC7=A@A?;%3>;?3@E3@.7@93:E3:F@

63B3E6;>;:3E B363 ,8-,<

,8-,<'>?<6:9:84,748,9>,9(092,3 (,3?9

.C3@DBACE3D; '3DJ3C3=3E6;7D3 *7E3=3:3@63@9 %34FB3E7@%3E;@93@

##

6#@8>3D; >F=EF3D;:3C9343C3@9 43C3@9=74FEF:3@BA=A=E7C57C?;@63C;B7C=7?43@93@>33D; DF3EF637C3:*3634F>3@)=EA47C %AE3*3>3@9=3,3J3E7C<36;678>3D;D747D3C

B7CD7@ &33D; E3:F@ =3>7@67C E3:F@ D3?B3; 67@93@ F>3@ )=EA47C 363>3: B7CD7@ 63@ >33D; SJ73C A@ J73CT )=EA47C E7C:363B )=EA47C

%AE3 *3>3@9=3 ,3J3 D747D3C B7CD7@ ; %AE3 -3?B;E B363 4F>3@ )=EA47C ?7@93>3?; ;@8>3D; D747D3C B7CD7@ &33D; E3:F@ =3>7@67C D747D3C B7CD7@ 63@ >33D;SJ73CA@J73CT)=EA47C E7C:363B)=EA47C

%AE3-3?B;ED747D3C B7CD7@ *363 4F>3@ )=EA47C %3>;?3@E3@ .7@93: J3@9 ?7CFB3=3@ 934F@93@ 63C; %AE3 *3>3@9=3,3J363@%AE3-3?B;E?7@93>3?;;@8>3D;D747D3C B7CD7@&33D;E3:F@ =3>7@67C D747D3C B7CD7@ D763@9=3@ >33D; SJ73C A@ J73CT)=EA47C E7C:363B )=EA47C

%3>;?3@E3@ .7@93: D747D3C B7CD7@ *7C=7?43@93@ ;@8>3D; =AE3 *3>3@9=3 ,3J3 63@ -3?B;E D7CE3 #@6A@7D;3 D7>3?3 D7BF>F: E3:F@ E7C3=:;C 6;D3<;=3@ 63>3? ,8-,<

,8-,< 917,=4$,7,926,&,B,',8;4>9/:90=4,(,3?9

7*7C=7?43@93@*,B7C%7>A?BA=-7=EAC #@67=D &A53E;A@ +FAE;7@E 63B3E 6;9F@3=3@ F@EF= ?7>;:3E D7=EAC D7=EAC J3@9 47CBAE7@D; 6; DF3EF 637C3: F@EF= 6;=7?43@9=3@ J3@9 ?7?F@9=;@=3@ 63B3E ?7@<36; EF?BF3@ B7C7=A@A?;3@DF3EF637C3:-7=EAC D7=EACB7C7=A@A?;3@6;*CAG;@D;%3>;?3@E3@.7@93:J3@9 ?7?BF@J3;@;>3;&A53E;A@+FAE;7@E&+>74;:5F=FB47D3CJ3;EFD7=EACB7CE3@;3@ <3D3 <3D3 D7CE3B7@93@9=FE3@63@=A?F@;=3D;"3>;@;47C3CE;43:H3E;93D7=EACE7CD74FE?7CFB3=3@ D7=EAC F@99F>3@ J3@9 6;?;>;=; *CAG;@D; %3>;?3@E3@ .7@93: F@EF= 63B3E 6;ABE;?3>=3@ B7@97>A>33@@J3*CAG;@D;%3>;?3@E3@.7@93:J3@9?7?;>;=;>3:3@5F=FB>F3D63@?3JAC;E3D

##

B7@6F6F=@J3 47=7C<3 6; D7=EAC B7CE3@;3@ 6; :3C3B=3@ D7=EAC ;@; 63B3E ?7@6A@9=C3= B7@;@9=3E3@B7@63B3E3@ 63@4;D3?7@3;==3@E;@9=3E=7D7<3:E7C33@B7@6F6F= (,-07

/09>4146,=4'06>:<)922?7,9-00<3,/,;$&,>,=/,=,< ,<2,0<7,6?>,3?9

'7?B7C:3E;=3@ E347> B7CEF?4F:3@ 7=A@A?; ?7@FCFE D7=EAC B7CEF?4F:3@ E3:F@

?7>3?43E6;43@6;@9E3:F@

-7?7@E3C3D7=EAC=7F3@93@=A@DECF=D;63@B7CE3?43@93@ EF?4F:B3>;@9E;@99;E3:F@

D74393;?3@3 6;EF@?8-?3,96:9:84,748,9>,9(092,3 809?'06>:< (,3?9 $0<=09

8*7@63B3E3@*7C=3B;E3 *7C=7?43@93@B7C7=A@A?;3@*CAG;@D;%3>;?3@E3@.7@93:J3@96;;=FE;67@93@B7CE3?43:3@ 3:B7@6F6F=3=3@47C63?B3=B363*,B7C=3B;E3.;@9=3E=7D7<3:E7C33@DF3EF637C3: D3>3:D3EF@J363B3EE7C57C?;@63C;47D3C@J3*,B7C=3B;E3 ?7D=;BF@ 3@9=3E7CD74FE E;63= ?7@993?43C=3@ B7@63B3E3@ B7@6F6F= D753C3 @J3E3 =3C7@3 3@9=3 ;@; :3@J3 ?7CFB3=3@ C3E3 C3E3 *, B7C=3B;E3 B7@6F6F= *CAG;@D; %3>;?3@E3@ .7@93: 47C63D3C=3@ :3C93=A@DE3@E3:F@

?7@93>3?;B7@;@9=3E3@E7CFD?7@7CFDD7<3=E3:F@

:;@993 E3:F@

*363E3:F@

*,B7C=3B;E3*CAG;@D;%3>;?3@E3@.7@93::3@J3D747D3C

##

,B $FE3 CFB;3: ?7@;@9=3E ?7@<36; ,B $FE3 CFB;3: B363 E3:F@

,3E3 C3E3 =7@3;=3@B7@63B3E3@B7C=3B;E3D7<3=E3:F@

D3?B3;

363>3:D747D3C B7CD7@ (,-07 $&/,9$09/,;,>,9&024:9,7$0<6,;4>,,748,9>,9(092,3(,3?9

*363E3:F@

B7CEF?4F:3@*,B7C=3B;E3*CAG;@D;%3>;?3@E3@ .7@93:47C8>F=EF3D; *7CEF?4F:3@*,B7C=3B;E3*CAG;@D;%3>;?3@E3@.7@93:?7@53B3;E;E;=E7C7@63:B363E3:F@

J3=@;D747D3C B7CD7@ D763@9=3@E;E;=E7CE;@99;B363E3:F@

J3;EFD747D3C B7CD7@

9*CA6F=E;G;E3DE7@393=7C<3 %7?3;?3@E3@.7@93:-ECF=EFC7=A@A?;?7@93>3?;B7C97D7C3@J3@9C7>3E;8>3?43E63C; 7=A@A?; 39C3C;D EC36;D;A@3> ?7@<36; B7C7=A@A?;3@ J3@9 >74;: ?374;: =A=A: J3;EF B7C7=A@A?;3@ J3@9 6;6F=F@9 A>7: ;@6FDEC; ?3=;@ =F3E 63@ D7=EAC <3D3 J3@9 E3@99F:D7:;@993B7C7=A@A?;3@C7>3E;8DE34;>7>F?47C=7?43@9@J3D7=EAC ;@6FDEC; 63@<3D3 ?7@J7434=3@7=A@A?;?3D;:?7@93@63>=3@D75EACBC;?7C-ECF=EFC B7C7=A@A?;3@J3@9 6;DFDF@A>7:D7=EACEC36734>74;3D3@J3E;63=479;EF47C?3D3>3:67@93@=A@6;D;E7@393 =7C<3 7@93@ =3C3=E7C;DE;= J3@9 B363E =3CJ3 D7=EAC ;@; D753C3 47CE3:3B 3=3@ D7>3>F ?7?4FEF:=3@DFB>3JE7@393=7C<3%A@EC3D67@93@=A@6;D; E7CD74FE DECF=EFCB7C7=A@A?;3@ J3@96;DFDF@A>7:D7=EAC@A@EC36734>74;3D3@J33=3@57@67CF@9C3BF:63@E;63=C3?3: E7C:363B B7@J7C3B3@ E7@393 =7C<3 -7=EAC ;@; 4;3D3@J3 ?7@DJ3C3E=3@ E;@9=3E B7@6;6;=3@ E7CE7@EF J3@9 :3CFD 6;?;>;=; A>7: 53>A@ E7@393 =7C<3@J3 *363 439;3@ >3;@ DECF=EFC B7C7=A@A?;3@ J3@9 67?;=;3@ 4;3D3@J3 6;6A?;@3D; A>7: E7@393 =7C<3 ;@8AC?3> -7=EAC EC36734>7 E7C6;C; 63C; D7=EAC B7CE3@;3@ B7CE3?43@93@ 63@ ;@6FDEC; ?7CFB3=3@ D7=EAC D7=EAC B363E =3CJ3 D763@9=3@ >3;@@J3 363>3: D7=EAC @A@EC36734>7 J3;EF D7=EAC B363E ?A63> *7CEF?4F:3@D7=EACEC36734>76;%3>;?3@E3@.7@93:57@67CF@9?7@;@9=3E D763@9=3@ D7=EAC@A@EC36734>757@67CF@9?7>3?43E 747C3B3 E3:F@ E7C3=:;C B7CEF?4F:3@ 7=A@A?; J3@9 6;6F=F@9 >3 ?7@;?4F>=3@ B7CF43:3@ DECF=EFC >3B3@93@ =7C<3 J3@9 D7;?43@9 63@ BCA6F=E;8 *7@;@9=3E3@ BCA6F=E;G;E3D D7>FCF: B7C7=A@A?;3@ B7@;@9=3E3@ BCA6F=E;G;E3D E7@393 =7C<3 ?3DJ3C3=3E B7C D7=EAC 63@ 78;D;7@D; 9F@3 ?7@53B3; D3D3C3@

##

B7CEF?4F:3@ 7=A@A?; J3@9 E7CFD BCA6F=E;8 ?7@J7434=3@ E;@9=3E BCA6F=E;8;E3D E7@393 =7C<3B7C>F6;:;EF@96;?3D;@9 ?3D;@9D7=EAC %A?BAD;D;3@9=3E3@=7C<3?7@FCFE=7>A?BA= F?FC 6; %3>;?3@E3@ .7@93: 6;6A?;@3D; B7@6F6F= J3@9 47CF?FC D3?B3; 67@93@ E3:F@-7439;3@47D3C B7@6F6F=47CF?FC E3:F@=73E3D47=7C<36;D7=EAC*7CE3@;3@ D763@9=3@ D7=EAC E7C=75;> B7@J7C3B3@@J3 363>3: D7=EAC =7F3@93@ B7CD7@ ,7>3E;8 ?3D;: C7@63:@J3 E;@9=3E B7@6;6;=3@ -' B7=7C<3 E7C>;:3E 63C; E;@9=3E B7@6;6;=3@ B7@6F6F= J3@9 47=7C<3 ;EF D7@6;C; "3?B;C B7CD7@ B7@6F6F= J3@9 47=7C<3 6;47C4393;D7=EAC ?7?;>;=;E;@9=3EB7@6;6;=3@63D3CJ3;EFE;63= 47>F?E3?3E- D767C3<3E :;@993E3?3E-&.* D767C3<3E (,-07

$09/?/?60,=+,92060<5,!09?(4926,>$09/4/46,9 B,924>,8,>6,9 (,3?9

:*,?7@FCFEB7@99F@33@ *CA6F= A?7DE;= ,79;A@3> CFEA ?7@FCFE B7@99F@33@ ?7?B7C>;:3E=3@ =A?BAD;D; B7@99F@33@ 43C3@9 63@ <3D3 43;= J3@9 6;:3D;>=3@ 6;63>3? H;>3J3: BCAG;@D; %3>;?3@E3@ .7@93:?3FBF@43C3@963@<3D3J3@947C3D3>63C;>F3CBCAG;@D;%3>;?3@E3@.7@93:3C; E347> *, 6;3E3D E7C>;:3E 43:H3 B7@99F@33@ F@EF= =A@DF?D; CF?3: E3@993 ?7@53B3; ,B ';>J3C 63C; EAE3> ,B ';>J3C 3E3F B7CD7@ D763@9=3@ F@EF= B7?47@EF=3@?A63>E7E3B4CFEA?7@53B3;,B ';>J3C63C;EAE3> ,B ';>J3C 3E3F B7CD7@ (3?F@ 67?;=;3@ 63C; D79; B7CEF?4F:3@ B7?47@EF=3@ ?A63> E7E3B 4CFEAB363EC;HF>3@### ?3?BFEF?4F:D747D3C B7CD7@ (,-07 $& ,5?/,9 '?8-0<$0<>?8-?3,9$&!09?$0922?9,,9(<4A?7,9 (,3?9 >0<3,/,;(<4A?7,9 (,3?9 ?8>:?8

##

;!3?43C3@-;@9=3E-7=EAC *7CE3@;3@ -7=EACJ3@9B3>;@9?7?F@9=;@=3@F@EF=6;=7?43@9=3@363>3:D7=EACB7CE3@;3@ ?7@9;@93E =7E7CD76;33@>3:3@J3@9?3D;:5F=FB47D3C;D7=EAC B7CE3@;3@;@; DF4D7=EACJ3@947CB7>F3@9 F@EF=6;=7?43@9=3@363>3:DF4D7=EACB7C=74F@3@-33E;@;DF63:?3DF=B7C?A:A@3@F@EF= 47C;@G7DE3D;6;DF4D7=EACB7C=74F@3@%7>3B3-3H;E63@%3C7E -;@9=A@963>3?D=3>35F=FB >F3D %7@63>3 J3@9 6;:363B; 63>3? B7>3=D3@33@ ;@G7DE3D; 6; D7=EAC B7C=74F@3@ 6; H;>3J3: *CAG;@D; %3>;?3@E3@ .7@93: E7C47@EFC B363 3DB7= E3E3 CF3@9 6;?3@3 >A=3D; J3@9 6;?A:A@ ?3DF= 63>3? =C;E7C;3 =3H3D3@ :FE3@ J3@9 ?7?7C>F=3@ BCAD7D 3>;: 8F@9D; -763@9=3@ DF4 D7=EAC >3;@@J3 J3@9 B7C>F 6;6ACA@9 363>3: DF4 D7=EAC B7E7C@3=3@ ;@; 6;?3=DF6=3@F@EF=?3?BF?7@5F=FB;=74FEF:3@>A=3> 43:=3@6;?F@9=;@=3@F@EF=?3?BF ?7?3DA==74FEF:3@BCAG;@D;>3;@-7>3;@;EFDF4D7=EACB7C;=3@3@;=;BCADB7= 57C3: =3C7@3 *CAG;@D; %3>;?3@E3@ .7@93: ?7?;>;=; 5F=FB 43@J3= =3H3D3@ B7C3;C3@ 63@3F J3@963B3E6;=7?43@9=3@?7@<36;FD3:3B7C;=3@3@3;CE3H3C *7C6393@93@63@$3D3 3>3?D7=EACB7C6393@93@63@<3D36;BCAG;@D;%3>;?3@E3@.7@93: J3@9B3>;@947CB7C3@ 63>3? B7@5;BE33@ @;>3; E3?43: J3@9 47D3C 63@ B7C>F 6;=7?43@9=3@ 363>3: D7=EAC B7C6393@93@ 47D3C63@757C3@ %79;3E3@ ;@; E7CD743C 6;D7B3@<3@9<3>3@ FE3?3 6; BFD3E

BFD3E %AE3 6; H;>3J3: BCAG;@D; %3>;?3@E3@ .7@93: *CAG;@D; %3>;?3@E3@ .7@93: 67@93@ =34FB3E7@63@=AE3 6;?3@36;E;3B E;3BH;>3J3:63B3E6;=7?43@9=3@?7@<36;BFD3E<3D363@ B7C6393@93@ :AE7> B7C=3@EAC3@63@>3;@D74393;@J3 #@6FDEC; -753C3F?F?;@6FDEC;J3@947C=7?43@96;BCAG;@D; %3>;?3@E3@.7@93:?7>;BFE;;@6FDEC; B7@9A>3:3@ J3@9 ?7CFB3=3@ <7@;D FD3:3 =75;> ;@6FDEC; CF?3: E3@993 63@ ;@6FDEC; ?7@7@93: J3@9 ?7>;BFE; B3@93@ D3@63@9 =7C3<;@3@ 63@ ;@6FDEC; B7C=3JF3@ 3C; 4747C3B3 <7@;D FD3:3 =75;> 63@ ;@6FDEC; CF?3: E3@993 E7CD74FE DF63: 63B3E ?7@3?BF@9 E7@393=7C<3J3@9 5F=FB47D3C *3C;H;D3E3 *7?43@9F@3@ B3C;H;D3E3 ?7CFB3=3@ D3>3: D3EF B7?43@9F@3@ J3@9 63B3E ?7>;43E=3@ ?3DJ3C3=3E 63>3? 3: 47D3C 63@ =3C7@3 ;EF>3: B7?43@9F@3@ 4;63@9 ;@; 3=3@ ?7?47C;=3@ =7D7?B3E3@ =7B363 ?3DJ3C3=3E F@EF= 47C=7?43@9 63@ 3=3@ ?7@;@9=3E=3@ B7C7=A@A?;3@637C3:D753C3=7D7>FCF:3@*7@97?43@93@B3C;H;D3E3E;63=3=3@E7C>7B3D63C; B7?43@9F@3@>3;@ D7B7CE;B7@97?43@93@;@8C3DECF=EFC637C3:63@ B7@;@9=3E3@=7D363C3@ ?3DJ3C3=3E63>3?BCAD7DB7?43@9F@3@6;637C3:>3;@-753C3F?F??7?;>;=;BAE7@D;J3@9 D3@93E47D3C63>3?B7@97?43@93@B3C;H;D3E3E7CFE3?36;=3C7@3=3@BAD;D;97A9C38;D63@ =A@6;D;3>3?@J3*7@97?43@93@B3C;H;D3E3B7C>F6;3C3:=3@B363E7C5;BE3@J3=7D7?B3E3@ =7C<363@47CFD3:3 D7E;63=@J36;637C3:D7=;E3CA4J7=H;D3E3)>7:=3C7@3 ;EF B7@3E33@63@ B7?7>;:3C33@A4J7= A4J7=H;D3E3B7C>F6;E;@9=3E=3@43;=63C;D79;=F3>;E3D?3FBF@=F3@E;E3D /@EF=?7@6F=F@9B7@97?43@93@=7B3C;H;D3E33@E7CD74FE?3=3=7E7C>;43E3@?3DJ3C3=3E >F3D43;=63>3?47@EF=D363CH;D3E3?3FBF@=7E7C>;43E3@>3@9DF@9D74393;;@G7DEAC6;

##

4;63@9=7B3C;H;D3E33@B7C>F6;=7?43@9=3@)>7:=3C7@3;EF 47@EF==7C<3D3?3B7@97>A>33@ A4J7= =3H3D3@ H;D3E3 67@93@ B;:3= DH3DE3 ;@G7DEAC B7C>F ?7@63B3E B7C:3E;3@ =:FDFD E7CFE3?3 439; A4J7= H;D3E3 J3@9 BAE7@D;3> 6;B3D3C=3@ -7?7@E3C3 ;@; 47>F? 6;63B3E 63E3 >74;:?7@97@3;=F@;?3@E3@.7@93:43;=6A?7DE;=?3FBF@ >F3C @797C; D7CE3 =A@EC;4FD;@J3 D753C3 7=A@A?; (3?F@ 63C; B7@93?3E3@ D7?7@E3C3 =79;3E3@;@;63B3E6;3@63>=3@D74393;DF?47CB7@63B3E3@3D>;637C3:J3@96;B7C=;C3=3@3=3@ E7CFD47C=7?43@9-7=EACB3C;H;D3E36;3C3:=3@F@EF=?7@97?43@9=3@63@ ?7?3@833E=3@ 63J3E3C;=A4J7=H;D3E3J3@9?7>;BFE;=7;@63:3@63@=7=3J33@3>3?8>AC363@83F@3 63J3 E3C;=EC36;D;J3@9 ?7@93@6F@9D7@;63@4F63J3D7CE3B7@;@993>3@?3D3>3?B3F-7?F3;EF 6;EF@<3@9<3D363@D3C3@3B3C;H;D3E3D7B7CE;4;CAB7C<3>3@3@ B7@J76;33@3=A?A63D;D7CE3 B7?43@9F@3@63@B7?47@3:3@83D;>;E3DH;D3E363BF@A4<7=H;D3E36;*CAG;@D;%3>;?3@E3@ .7@93:3@E3C3>3;@H;D3E33>3? D7B7CE;.3?3@(3D;A@3>.3@3%3BF3D 63@3F.3:3;63@>3;@ D74393;@J3H;D3E3D7<3C3: D7B7CE;'A@F?7@*3>393@-3?4; '3D<;6%;3; !7676; %AE3H3C;@9;@ 3C3E63@>3;@D74393;@J3H;D3E3 4F63J3 D7B7CE; 7DE;G3> .;C3 .3@9=3 3>3@9H;D3E3C7>;9;FDH;D3E3=F>;@7CH;D3E3?;@3E=:FDFDH;D3E3A>3:C393H;D3E347>3@<3 D7CE3H;D3E3F?F? *7CE3?43@93@ *CAG;@D; %3>;?3@E3@ .7@93: ?7CFB3=3@ BCAG;@D; E7C47D3C =7E;93 6; #@6A@7D;3 D7E7>3: *CAG;@D; *3BF3 63@ *CAG;@D; %3>;?3@E3@ E;?FC 7@93@ >F3D@J3 H;>3J3: E7CD74FE D7CE3 >7E3=97A9C38;D J3@9 6;>3>F; A>7: 93C;D=3EF>;DE;H3 ?3=3D753C3 8;D;==3H3D3@ ;@; ?7?;>;=; 4747C3B3:3D;>E3?43@9J3@95F=FB?7@A@ *7@3?43@93@43:3@93>;3@;@6FDEC;9A>A@93@ 6; =3H3D3@ ;@; 47>F? 6;E3@93@; D753C3 D7C;FD A>7: B7?7C;@E3: D7E7?B3E :3> ;@; E7@EF@J3 3=3@ ?7@;?4F>=3@ =7CF9;3@ J3@9 5F=FB 47D3C 6;=3C7@3=3@ B7@3?43@93@ 6;>3=F=3@67@93@D;DE7?B7@3?43@93@E7C4F=3 :3>;@;3=3@?7@93=;43E=3@B7CF43:3@=A@6;D; >;@9=F@93@3E3BAE7@D;@J363@=A?A6;E;43:3@93>;3@9A>A@93@ 6;%3>;?3@E3@.7@93: E7>3: 6;;@G7E3C;D;C D753C3 =7D7>FCF:3@ A>7: ;@3D *7CE3?43@93@ 63@ @7C9; *CAG;@D; %3>;?3@E3@.7@93:63@3B34;>36;=7>A>367@93@47=7C<3D3?367@93@DH3DE3 ;@G7DEAC3=3@ 63B3E ?7?4F=3 >3B3@93@ =7C<3 6;4;63@9 B7CE3?43@93@ D7:;@993 FB3J3 ?7@;@9=3E=3@ B7@63B3E3@ 3D>; 637C3: 63C; D7=EAC B7CE3?43@93@ 63B3E 6;C73>;D3D;=3@ /@EF= ;EF B7@97>A>33@FD3:3:3CFD6;>3=F=3@67@93@E7B3ED7<3=?F>3;7=DB>AC3D; 7=DB>A;E3D;:;@993 B3D53B7@3?43@93@F@EF=?7?B7CE3:3@=3@ ?7@<393=F3>;E3D>;@9=F@93@ )C;7@E3D; B7?43@9F@3@ 4;63@9 B7CE3?43@93@ 63@ B7@993>;3@ 363>3: B7@;@9=3E3@ BCA6F=E;G;E3D=79;3E3@FD3:3B7CE3?43@93@63@B7@993>;3@A>7:?3DJ3C3=3E B7@9F=FC3@ B7@63E33@63@B7?7E33@63>3?C3@9=3FB63E;@9D743C3@BAE7@D;63@ ?FEFDF?47C63J3 ?;@7C3> D7CE3 B7?4;@33@ =79;3E3@ FD3:3 B7CE3?43@93@63@ B7@993>;3@ J3@9 C3?3: >;@9=F@93@ -3?B3; D33E ;@; BAE7@D; J3@9 DF63: E7C93>; 43CF E7C43E3D F@EF= =7B7C>F3@ =A@DF?D;63>3? 637C3: 3@E3C3 >3;@ F@EF= =7B7C>F3@ 6F=F@93@ B7?43@9F@3@ BC3D3C3@3 8;D;= 637C3: -7?7@E3C3;EFBAE7@D;43EF43C3%3>;?3@E3@.7@93:J3@9E7>3:E7C67E7=D;63B3E 6;D3<;=3@ 63>3? (,-07 -763@9=3@ BCA6F=D; 43EF43C3 %3>;?3@E3@ .7@93: ?F>3; E3:F@

6;D3<;=3@B363 (,-07

##

(,-07 &06,;4>?7,=4'?8-0<,B,&0=:?<.0=,>?-,<,$<:@49=4,748,9>,9(092,3 (:9$0< 2?=>?=

(,-07 $<:/?6=4,>?-,<,,748,9>,9(092,3!?7,4(,3?9

$<:2<,8$<4:<4>,=,0<,3 747C3B3 BCA9C3? BC;AC;E3D J3@9 E7>3: E7CB;>;: ?7>3>F; 4747C3B3 E3:3B B7?43:3D3@ B363 ?3D;@9 ?3D;@9 DEC3E79; 6;@3?3=3@ BCA9C3? B77?43@9F@3@ 637C3: *CA9C3? B7?43@9F@3@ 637C3:363>3:BCA9C3?BC;AC;E3DF@EF=?7@53B3;G;D;63@?;D;B7?43@9F@3@<3@9=3?7@7@93: 637C3: *CA9C3? B7?43@9F@3@ 637C3: 6;4F3E 67@93@ ?3D;@9 ?3D;@9 DEC3E79; F@EF= ?7@F@3@9=3:DEC3E79;63@=7>A9;D3@@J3?7@53B3;D3D3C3@J3@9E7>3:6;4F3E *CA9C3? BC;AC;E3D 637C3: J3@9 E7C53@EF? 63>3? ,*$' *7?7C;@E3: *CAG;@D; %3>;?3@E3@ .7@93: D7DF3;*7C63*CAG;@D;%3>E7@9(A.3:F@ E7CD74FE ?7@53=FB %74;<3=3@/?F?-EC3E79;#*7CE3?3*7@3E33@CF3@9J3@9?7@6F=F@9B7@97?43@93@ 7=A@A?; F@99F>3@ 637C3: J3@9 ?7@93CFDFE3?3=3@ >;@9=F@93@ :;6FB .7C>3=D3@3@J3 B7@3E33@ E3E3 CF3@9 J3@9 D7DF3; 67@93@ 3C3:3@ 63@ D7>3C3D 67@93@ D3D3C3@ B7?43@9F@3@ 6;:3C3B=3@ 63B3E ?7@F?4F:=3@ 63@ ?7@97?43@9=3@ 5>FDE7C 5>FDE7C

##

7=A@A?; 43;=6;BCAG;@D;?3FBF@6;=34FB3E7@ =AE367@93@E;63=>FB3?7?B7C:3E;=3@ =7>7DE3C;3@>;@9=F@93@%74;<3=3@F?F?F@EF=?7@6F=F@9B7@53B3;3@DEC3E79;;@;363>3: *7@97?43@93@7=A@A?;F@99F>3@6;C7@53@3=3@E7C>74;:63:F>F63>3?E3E3CF3@9 67@93@ ?7?B7C:3E;=3@ B7>7DE3C;3@ 3>3? 63@ >;@9=F@93@ %AAC6;@3D; 67@93@ B;:3= E7C=3;E F@EF= ?7@9:3D;>=3@ E3E3 CF3@9 J3@9 3@9=3 ,3J3 D74393; BFD3E B7?7C;@E3:3@ (%,# %74;<3=3@ B7CE3?3 47CEF;?3@E3@ .7@93: 63B3E ?7@F?4F:=3@ 63@ ?7@97?43@9=3@ B7C7=A@A?;3@ 43;= 6; E;@9=3E BCAG;@D; ?3FBF@ 6; E;@9=3E =34FB3E7@ =AE3 67@93@ 53C3 ?7?4F3E C79F>3D; 83D;>;E3D; 63@ ;67@E;8;=3D; 5>FDE7C 5>FDE7C B7C7=A@A?;3@ F@99F>3@ *CA9C3? B7@JFDF@3@C7@53@3 E3E3CF3@9:3CFD 6;63:F>F; A>7:BCA9C3? B7@7E3B3@ D7@EC3

D7@EC37=A@A?;F@99F>3@ 43;=6;E;@993>=34FB3E7@ =AE3?3FBF@BCAG;@D;%74;<3=3@ =76F347CEF3@9=3,3J3E7CB;>;:D74393;BFD3EB7?7C;@E3:3@43CF 439;(%,#/@EF=;EFFB3J3 FB3J3J3@96;>3=F=3@?F>3;63C;?7?4F3E=3<;3@:;@993 DAD;3>;3D; =3<;3@ =3<;3@ E7@E3@9 BAE7@D; DF?47C63J3 D3C3@3 BC3D3C3@3 63@ E3E3 CF3@9 :3CFD6;B7C:3E;=3@ %74;<3=3@ /?F? -EC3E79; ## %76F3 *7C43;=3@ D;DE7? 3@ 3=D7D B7@6;6;=3@ F@;3 B7@6;6;=3@ 6; *CAG;@D; %3>;?3@E3@ .7@93: ?3D;: ?7?4FEF:=3@ B7C43;=3@ D;DE7? B7@J7>7@993C33@ B7@6;6;=3@ 3>3? ?7@5;BE3=3@ B7?47>3<3C3@ J3@9 43;= 6;B7C>F=3@ B7C43;=3@ D;DE7? B7@6;6;=3@ -7:;@993 B7?47>3<3C3@ 63B3E E7C>3=D3@3 67@93@ 43;= %74;<3=3@ F?F? F@EF= ?7@6F=F@9 DEC3E79; ;@; 363>3: *7C43;=3@ D;DE7? 439; E7@393 B7@6;6;= 63@ =7B7@6;6;=3@ F@EF= ?7C3@9D3@9 63@ ?7@;@9=3E=3@ ?AE;G3D; B7@9346;3@ 63@ BC787D;A@3>;D?7 63>3? 47=7C<3 *7@;@9=3E3@ =3B3D;E3D AC93@;D3D; 63@ ?3@3<7C;3> D7CE3 6F=F@93@ ;@8C3DECF=EFC 63E3 63@ ;@8AC?3D; B7@6;6;=3@ *7@;@9=3E3@ 6F=F@93@ D3C3@3 63@ BC3D3C3@3 B7@6;6;=3@ D7CE3 ;@8C3DECF=EFC B7@6;6;=3@D753C347CE3:3B %74;<3=3@/?F?-EC3E79;###%7E;93*7C43;=3@D;DE7?63@3=D7D=7D7:3E3@-3>3:D3EF B7C?3D3>3:3@ J3@9 E7C<36; 6; *CAG;@D; %3>;?3@E3@ .7@93: 363>3: ?3D;: E7C43E3D@J3 <3@9=3F3@B7>3J3@3@=7D7:3E3@63@?3D;:C7@63:@J3?FEFB7>3J3@3@=7D7:3E3@6; 637C3: B767D33@ *7C43;=3@ D;DE7? 63@ 3=D7D =7D7:3E3@ 6;@;>3; B7@E;@9 F@EF= ?7@;@9=3E=3@ 67C3<3E =7D7:3E3@ 43;= ?3DJ3C3=3E 6; =AE3 ?3FBF@ 6; B767D33@ %74;<3=3@F?F?F @EF=?7@6F=F@9B7@53B3;3@DEC3E79;;@;363>3:D74393;47C;=FE *7C43;=3@C79F>3D;63@DE3@63C;D3D;B7>3J3@3@=7D7:3E3@*7@;@9=3E3@=F3@E;E3D63@ =F3>;E3DE7@393=7D7:3E3@*7@;@9=3E3@63@6F=F@93@D3C3@363@BC3D3C3@3D7CE3 ;@8C3DECF=EFC4;63@9=7D7:3E3@D753C347CE3:3B %74;<3=3@ /?F? -EC3E79; #0 %77?B3E *7@3E33@ D;DE7? 63@ <3C;@93@ EC3@DBACE3D; =A?F@;=3D; 63@ ;@8AC?3E;=3 -74393; BCAG;@D; 67@93@ H;>3J3: D3@93E >F3D 63@ B7@J743C3@ B7@6F6F= E;63= ?7C3E3 ?3D3>3: EC3@DBACE3D; =A?F@;=3D; 63@ ;@8AC?3E;=3B7C>F?7@63B3EB7C:3E;3@J3@9D7C;FD7@93@?;D;6;?3@3>;?3E3:F@ =767B3@ B7@97?43@93@ 7=A@A?; 6;3C3:=3@ B363 7=A@A?; =7C3=J3E3@ ?3=3 =74;<3=3@F?F?6;3C3:=3@ B363BCA9C3? BCA9C3?J3@9 D753C3=:FDFD?7?47C;=3@

##

63J36F=F@9B363 B7@97?43@93@7=A@A?;>A=3>%74;<3=3@F?F?F@EF=?7@6F=F@9 B7@53B3;3@ DEC3E79; ;@; 363>3: D74393; 47C;=FE *7C43;=3@ C79F>3D; 63@ B7@93EFC3@4;63@9EC3@DBACE3D; =A?F@;=3D; 63@;@8AC?3E;=3 *7@97?43@93@63@ B7C43;=3@ ;@8C3DECF=EFC 63@ D3C3@3 BC3D3C3@3 EC3@DBACE3D; =A?F@;=3D; 63@ ;@8AC?3E;=3 67@93@ E7E3B ?7?B7C:3E;=3@ BC;AC;E3D B363 63J3 6F=F@9@J3 439; B7@97?43@93@7=A@A?;>A=3>63@=7C3=J3E3@ %74;<3=3@/?F?-EC3E79;0%7>;?3*7@97?43@93@;@8C3DECF=EFCB7@93;C3@-EC3E79;;@; D3@93EDB7D;8;=F@EF=?7?47C;=3@B7@3<3?3@B363D7=EACB7CE3@;3@C3=J3ED74393; D3>3:D3EF=A?BA@7@7=A@A?;=7C3=J3E3@J3@9B7C>F6;EF@<3@9D753C3=:FDFDD3>3: D3EF B7C?3D3>3:3@ J3@9 ?7@63B3E DACAE3@ B7@E;@9 363>3: B363 ;@8C3DECF=EFC B7@93;C3@*CA9C3?BC;AC;E3DJ3@9B7C>F6;E7=3@=3@3;@B7@57E3=3@D3H3: %74;<3=3@ F?F? F@EF= ?7@6F=F@9 B7@53B3;3@ DEC3E79; ;@; 363>3: B7?43@9F@3@ 63@B7?7>;:3C33@;@8C3DECF=EFC B7@93;C3@?3=CA63@?;=CA D7CE3B7@57E3=3@D3H3: %74;<3=3@/?F?-EC3E79;0#%77@3?*7@97?43@93@DF?47C7@7C9;F@EF=?3DJ3C3=3E *7@3<3?3@ B363 =74;<3=3@ F?F? ;@; 3@E3C3 >3;@ E7C5;BE3@J3 47C4393; DF?47C 7@7C9; 3>E7C@3E;8 J3@9 ?FC3: 439; ?3DJ3C3=3E J3@9 D753C3 ?3@6;C; 63B3E ?7@F@<3@9 =79;3E3@ 7=A@A?; >A=3> %74;<3=3@ F?F? F@EF= ?7@6F=F@9 B7@53B3;3@ DEC3E79; ;@; 363>3:B7@J76;33@BC3D3C3@3 B7?43@9=;E>;DEC;=J3@9 ?7?BC;AC;E3D=3@ B7@97?43@93@ 7=A@A?;=7C3=J3E3@63@;@E7C=A@7=D;<3C;@93@ >;DEC;=67@93@D;DE7?D7%3>;?3@E3@ %74;<3=3@ /?F? -EC3E79; 0## %7EF7@993C3=3@ D;DE7? 63@ =7?;EC33@ 7=A@A?; =7C3=J3E3@ %74;<3=3@ F?F? F@EF= ?7@6F=F@9 B7@53B3;3@ DEC3E79; ;@; 363>3: D74393; 47C;=FE *7@9F3E3@ B;>3C 63@ 8F@63?7@E3D; D;DE7? 7=A@A?; =7C3=J3E3@ J3@9 47C43D;D DF?47C 63J3 63@ 43:3@ 43=F >A=3> *7@97?43@93@ 7=A@A?; =7C3=J3E3@ 6;DA=A@9 A>7: ;@6FDEC; =75;> 63@ ?7@7@93: D7CE3 =AB7C3D; J3@9 :3@63> *7@;@9=3E3@BCA6F=D;63@B7C>F3D3@<3C;@93@B7?3D3C3@63>3?C3@9=3 B7@;@9=3E3@ 63J3 D3;@9 *7@97?43@93@ =7?;EC33@ FD3:3 3@E3C3 7=A@A?; =7C3=J3E3@ 67@93@ 7=A@A?; D=3>3 47D3C *7@97?43@93@ ;@6FDEC; =75;> 63@ ?7@7@93:

%74;<3=3@ /?F? -EC3E79; 0### %767>3B3@ *7@;@9=3E3@ 63J3 D3;@9 ?3DJ3C3=3E %74;<3=3@F?F?F@EF=?7@6F=F@9B7@53B3;3@DEC3E79;;@;363>3:D74393;47C;=FE *7@;@9=3E3@ =7EC3?B;>3@ ?3DJ3C3=3E J3@9 ?7@F@<3@9 B7C7=A@A?;3@ ?7>3>F; 787=E;8;E3D 8F@9D; &% 63@ D7<7@;D@J3 ,7=CF;E?7@ 6;=>3E 439; E7@393 B7@JF>F: ;@DECF=EFC D7CE3 83D;>;E3EAC *7@;@9=3E3@ BCA6F=E;G;E3D E7@393 =7C<3 ?7>3>F; B7@;@9=3E3@ =7E7C3?B;>3@ 63@ D3C3@3 BCA6F=D; *7@;@9=3E3@ D3C3@3 63@ BC3D3C3@3 83D;>;E3D; 63@ B7?47C63J33@ ?3DJ3C3=3E 63>3? C3@9=3 B7@9F3E3@ 63@ B7@97?43@93@=3B3D;E3D>7?4393=7?3DJ3C3=3E3@

%74;<3=3@ /?F? -EC3E79; #2 %7D7?4;>3@ *7@;@9=3E3@ =3B3D;E3D 3B3C3EFC 63@ DE3@63C AB7C3D;A@3> 4;CA=C3D; %74;<3=3@ F?F? F@EF= ?7@6F=F@9 B7@53B3;3@ DEC3E79; E7CD74FE 363>3: B7@;@9=3E3@ =3B3D;E3D 3B3C3EFC 6;>3=F=3@ D753C3 E7C7@53@3 63@

##

D;DE7?3E;D 6;:F4F@9=3@ 67@93@ B7C7@53@33@ =3C;7C F@EF= ?7@9:3D;>=3@ >3J3@3@ 63@ =;@7C<3 J3@9>74;:43;= %74;<3=3@ /?F? -EC3E79; 2 %7D7BF>F: *7@9F3E3@ D7@6; 4F63J3 63@ =73C;83@ >A=3> J3@9 ?7@6F=F@9 3=E;8;E3D B7?43@9F@3@ %74;<3=3@ F?F? F@EF= ?7@6F=F@9 B7@53B3;3@ DEC3E79; E7CD74FE 363>3: D74393; 47C;=FE *7@97?43@93@ 63@ B7@9F3E3@B7C3@4F63J3>A=3>63>3?3=E;G;E3DDAD;3>63@ 7=A@A?;=7?3DJ3C3=3E3@ '7@;@9=3E=3@ =7D363C3@ ?3DJ3C3=3E E7@E3@9 =3?E;4?3D 63@ B7?47C3@E3D3@ B7@J3=;E ?3DJ3C3=3E *7?4F3E3@ C79F>3D; 63>3? C3@9=3 B7@99F@33@ D;?4A>

D;?4A> 363E 63>3? 4;63@9 D7@; 63@ 4F63J3 63>3? 353C3 353C3 C7D?; B7?7C;@E3:3@ *7>3=D3@33@ DAD;3>;D3D; E7@E3@9 4F63J3 63@ =7D7@;3@ >A=3> 63>3? C3@9=3 ?7@;@9=3E=3@B7@97E3:F3@63@H3H3D3@4F63J3>A=3>

$0<8,=,7,3,9 84=4& /B3J3 FB3J3 B7@;@9=3E3@ B7C7=A@A?;3@ ?3DJ3C3=3E 6; %3>;?3@E3@ .7@93: D747D3C B7C E3:F@ 3=3@ ?7?7C>F=3@ 47C4393; FB3J3 @J3E3 =3C7@3 BAE7@D; =3C4A@ E7CD;?B3@ <;=3 E7C<36; 7?;D; ?7?7C>F=3@DEC3E79;B7?43@9F@3@J3@9E7B3E D7:;@993E3:F@ 7?;D;63B3E6;E7=3@ D7?3=D;?3> ?F@9=;@ *7C?3D3>3:3@ 7?;D; FE3?3 *CAG;@D; %3>;?3@E3@ .7@93: 6;:3D;>=3@ 63C; D7=EAC 47C43D;D >3:3@ J3@9 6;3=;43E=3@ A>7: B7CF43:3@ 8F@9D; EFEFB3@ :FE3@ J3@9 E7C<36; D753C3?3D;G63>3?4747C3B367=367D747>F?@J3

&3:3@ !3?4FE7=3D.7C43=3C6;%34FB3E7@*F>3@9*;D3F

*7?43=3C3@ -3?B3: 6; %AE3 *3>3@9=3 ,3J3

&F3D@J3 >3:3@ 47C93?4FE J3@9 ?7@53=FB :3?B;C D7B7C>;?3 63C; >F3D BCAG;@D; %3>;?3@E3@ .7@93: 6;?3@3 =3H3D3@ 7=AD;DE7? E7CD74FE ?7?;>;=; BAE7@D; =3C4A@ E7CD;?B3@ 63@ E7C7?;D;

##

E;@99; D74393; 3=;43E =743=3C3@ J3@9 :3?B;C D7>3>F 47CF>3@9 D7E;3BE3:F@ 3@3D; 3: B7@6F6F= 63@ B7D3E@J3 B7?43@9F@3@ ?3=3 =A@DF?D; 7@7C9;63@BCA6F=D;>;?43:3?;B7@;@9=3E3@ *7CF43:3@ 8F@9D; =3H3D3@ :FE3@ 67@93@ 47C=7?43@9@J3 %74F@-3H;E6;&3:3@!3?4FE %34FB3E7@*F>3@9 *;D3F B7C=74F@3@ =7>3B3 D3H;E D7CE3 B7CE3?43@93@ 6;E3?43: BF>3 67@93@ ?7@;@9=3E@J3 =A@DF?D; 7@7C9; ?7?4FEF:=3@ B7?3:3?3@ J3@9 43;= E7C:363B 63J3 6F=F@9 7=AD;DE7? 393C 63B3E 6;D7;?43@9=3@ D753C3 H3<3C 63>3? ?7@53B3; B7CEF?4F:3@ 7=A@A?; 63@ =747C>3@3? )>7: =3C7@3 ;EF B7C7@53@33@ B7?43@9F@3@ :3CFD 63B3E ?7?3DF==3@ G3C;347> 7?;D; !,% D74393; 439;3@B7@E;@9

*3@7@*36;-3H3:6;&3:3@!3?4FE %34FB3E7@%3BF3D

##

!" ).) -%.*%,!2+!. 2%#!1! 1).'+!2 0%-"!')!. 4142!. "!)+ 7!.' "%12)&!3 2%+3/1!, -!404. "%1$!2!1+!. 0%-"!')!. 6),!7!( !$-).)231!3)& 2%"!'!) "!(!. -!24+!. 4.34+ -%.%.34+!. 14!.' ,).'+40 $!%1!( %.%.34!. 14!.' ,).'+40 ).) *4'! $)$!2!1+!. 0!$! (!2), !.!,)2)2 !" !,!- !" ).) %-%1).3!( 1/5).2) !,)-!.3!. %.'!( -%.%3!0+!. ")$!.'24"")$!.' $!. +%')!3!. 2%13! 6),!7!( !$-).)231!3)& 7!.' -%-),)+) 24-"%1 %-)2) $%.'!. 0/3%.2) 0%.414.!..7!

#&$ %1$!2!1+!. (!2), +!*)!. $!3! 2%+4.$%1 $)+%3!(4) "!(6! 24-"%1 %-)2) 3%1"%2!1 $) 1/5).2) !,)-!.3!. %.'!( $)(!2),+!. /,%( 2%+3/1 "%1"!2)2 ,!(!. 7!)34 !$!.7! 0%14"!(!. &4.'2) +!6!2!.(43!.-%.*!$)&4.'2),!).2%0%13)1%!,%.''4.!!.!).2%13!!+)"!3+%"!+!1!. (43!. $!. ,!(!. 2%13! $%+/-0/2)2) ,!(!. '!-"43 7!.' -%140!+!. 34'!2 0%.3).' "!') ).!2 %(43!.!. $!. %1+%"4.!. 2%13! %13!.)!. %#!1! !$-).)231!3)& "!(6! 3%1$!0!3 ,)-! +!"40!3%. 43!-! 7!.' -%-),)+) 0/3%.2) +!1"/. 3%13).'') 7!)34 !"40!3%. 4,!.' )2!4 !"40!3%. !3).'!. !"40!3%. !04!2 !"40!3%. !1)3/ %,!3!. $!. !"40!3%. 414.' !7! !"40!3%. 4,!.' )2!4 !3).'!. !04!2 $!. !1)3/ %,!3!. -%-),)+) (43!. $!3!1!. 1%.$!( $!. ,!(!. '!-"43 7!.' #4+40 ,4!2 %$!.'+!. !"40!3%. 414.' !7! !"40!3%. !3).'!. $!. !"40!3%. !04!2 -%140!+!. +!"40!3%.+!"40!3%. $%.'!. 34340!. (43!. $!3!1!. 3).'') 7!.' -!2)( #4+40 ,4!2 *)+! $)"!.$).'+!. $%.'!. +!"40!3%. ,!). -%2+)04. 3%+!.!.+!6!2!.3%12%"43 2%"!'!) !+)"!3!$!.7!0%13!-"!.'!.$!.0%1+%"4.!.#4+403).'') ,%( +!1%.! )34 0%-%1).3!( 01/5).2) 0%1,4 -%-"%1)+!. 0%1(!3)!. 7!.' 2%1)42 +%0!$! 0%-%1).3!(+!"40!3%.-%,!,4)7!.'7!.'-%-),)+) 43!-!3%1(!$!02%+3/1 7!.'3%,!($)2%"43+!.$)!3!2

! """"""""""""""""""

& &" 4"23!.2) ).3) 2%#!1! 1).'+!2 $)2!*)+!. 0!$! # 7!.' -%.7!.'+43 4-"%1 0/3%.2) $!. +!1!+3%1)23)+ %-)2) !2%,).% %-)2) 24,!. 1%.#!.! !+2) -)3)'!2) +!,! 01)/1)3!2 424,!. !+2) -)3)'!2) $!. %,%-"!'!!. $!. 0%.$!.!!. %,!.*43.7! !+!. $)+%-"!.'+!. -%.*!$) "!')!. $!1) 231!3%') 0%134-"4(!. 1%.$!( +!1"/. 7!.' $!,!- *!.'+! 0!.*!.' $)(!1!0+!. $!0!3 -%.#)03!+!. +%2%*!(3%1!!. -!27!1!+!3 !,)-!.3!. %.'!( $%.'!. %+/2)23%- 7!.' "%1+%,!.*43!. -%,!,4) 3)'! %,%-%. ).3) !6!, # 7!)34 )3)'!2) %.'%23)-!2) 4+41!. %-)2) 2!!3 ).) $!. -!2! -%.$!3!.' -%.),!) 0/3%.2) 0%.'41!.'!. 3%+.)2 $!. +%,!7!+!. 2!1!.! 0%.'41!.'!. -%.'%-"!.'+!. 1%.#!.! !+2) 4.34+-%.!.'+!00%,4!.'0%,4!.'0%.'41!.'!.01)/1)3!2 %-"!.'4.!. +/./-) %.'!.!,)2)2 +%+4!3!. $!. +%,%-!(!. +/-0%3)3)& 7!.' !$! -%-01)/1)3!2+!. 0%,4!.'0%,4!.' 0%134-"4(!. "%1$!2!1+!. $!-0!+ 3%1-!24+ $!-0!+ %+/./-)$!.,).'+4.'!.$!.+%,!7!+!.-%.'%-"!.'+!.1%.#!.!!+2)4.34+-%.!.'+!0 0%,4!.'0%,4!.'0%134-"4(!.01)/1)3!2

!+3/1&!+3/1 0%.$4+4.' +%,%-"!'!!. %.'%-"!.'+!. 231!3%') "!') 0%.$4+4.' 0%.$4+4.' 0%.3).' 7!.' !+!. -%.7/+/.' +%"%1(!2),!. 231!3%') 0%134-"4(!. 1%.$!( +!1"/. -)2!,.7! ,%-"!'!,%-"!'!"!140%-!.3!4!.$!.%5!,4!2)-%+!.)2-%$)231)"42) +%4!.'!. $!. 0%1%.#!.!!.3!3!14!.'

#&$% $ % ! """"""""""""""""""

# & ' & #!

/(/.43!.!6!!-"43$)!"40!3%.!04!2 ! """"""""""""""""""

////////////////////////

12 9>9 =5>:5<1B;1> C5>C1>7 21B5<9>5 5=9B9 *$ DBD<1> @5>DAD>1> 5=9B9 *$ 41> @5A;9A11> @5>DAD>1> 5=9B9 B521719 81B9< 41A9 =9C971B9 5A41B1A;1> @5AC9=21>71> C9>7;1C @5>DAD>1> 5=9B9 *$ 41> 291H1 H1>7 49@5A B5AC1 ;A9C5A91 <19> H1>7 49B5@1;1C9 25AB1=1 49<1;D;1> @5>HDBD>1> B;1<1 @A9?A9C1B >1<9B9B 9>9 4941B1A;1> @141 =5C?4?7 49C5C1@;1> ?<58 B5C91@ $% C5A;19C )?;:1 49 C9>7;1C >1B9?>1< 41> :D71 =5>713D @141 =5C?4?C5A>1B9?>1< B5AC1 )54?=1> )5>H5<5>771A11> ">E5>C1A9B1B9 *$ H1>7 49C5C1@;1> ?<58 $%! H1>7 =5>713D ;5@141 ") D945<9>5 5>71> =5>77D>1;1> 81B9< 1>1<9B9B 9>9 )5=5A9>C18 )A?E9>B9 $1<9=1>C1> ,5>718 =5>5C1@;1> C1A75C :D=<18 @5>DAD>1> 5=9B9 *$ 415A18 @5A 2941>7 1C1D 712D>71> H1>7 25A;?>CA92DB9 C5A8141@ @5>31@191> C1A75C @5>DAD>1> 5=9B9 *$ >1B9?>1<

.?286:296?6'! (27@;>C.:46<2>56@A:47.: +5;C?A B5;C?A H1>7 49@5A89CD>7;1> 41<1= @5>HDBD>1> 21B5<9>5 5=9B9 *$ 49 )A?E9>B9 $1<9=1>C1>,5>718 141<18 B5;C?AH1>725A21B9B;1><181> H19CD@141B5;C?A@5>77D>11><181> 41>@5AD2181>CDCD@1>8DC1> B5;C?A@5AC1>91> B5;C?A@5C5A>1;1>B5;C?A@5A;52D>1>B5;C?A @5AC1=21>71>B5;C?A9>4DBCA9 B5;C?ACA1>B@?AC1B941>B5;C?A<9=218

).5.<.:&>;?2? ,181@1> @A?B5B @5>HDBD>1> * C5A49A9 41A9 ,181@ )5AB91@1> ,181@ )5>7D=@D<1> 41C1,181@)5>789CD>71> ,181@)5AD=DB1>*5>31>1;B941>,181@)5>5C1@1>

+5C91@C181@=5=9<9;925A21719;5791C1>@5>C9>7H1>7B1<9>7C5A;19CB1CDB1=1<19> $5B5 "'"*%(,$*)-%(+%&%'(,("(#$//////////////////////

".

////////////////////////

C181@1> 9>9 49@5A D>CD; =5<5>7;1@9 41> =5>781B9<;1> 4?;D=5> ;5A:1 2D;D * *$ B5@5AC9 H1>7 C5<18 492181B 49 41<1= 12 "" )5A;9A11> F1;CD H1>7 492DCD8;1> D>CD; =5>H5<5B191;1>;5 C181@1>9>9141<18B1=@1945>71> 2D<1>H1>7B5:1<1>45>71>1=1>1C )5A)A5B

@1B1< 1H1C .9/.> + 49 21F18 9>9 =5A9>39 B5C91@ C181@1> C5AB52DC 49B5AC1945>71>@5A;9A11>F1;CDH1>7492DCD8;1>

.9/.>+ &>;?2?1.:&2>76>..:,.7@A&2:CA?A:.:''!

&>6:?6<&2:CA?A:.: 1<1= @5>HDBD>1> * *$ )5=5A9>C18 )A?E9>B9 $1<9=1>C1> ,5>718 =5>713D ;5@141 2525A1@1@A9>B9@H1>7B5:1<1>45>71>@A9>B9@@5>HDBD>1>*' *$H19CD 1 * *$=5AD@1;1>21791>H1>7C941;C5A@9B18;1>41A9+CA1C579)5=21>7D>1>15A1841> 25A41B1A;1>@141;529:1;1> B5AC1A5>31>1BCA1C579B415A18

2 * *$ C941; =5>781=21C D@1H1 D@1H1 @5ACD=2D81> 5;?>?=9 41> @5>75>C1B1> ;5=9B;9>1>B5AC1C5C1@=5=@A9?A9C1B;1>;5B5:18C5A11>A1;H1C

3 * *$ =5AD@1;1> A5>31>1 1;B9 H1>7 C5A9>C57A1B9 1>C1A1 B1CD 2941>7 45>71> 2941>7 <19>>H1 3A?BB B53C?A1< 9BBD5B 45>71> =5=@5A81C9;1> B57D>1> 25A;5<1>:DC1>

4 * *$ =5AD@1;1> ;?>CA92DB9 415A18 )A?E9>B9$12D@1C5>$?C1 C5A8141@ ;?=9C=5> ">4?>5B9141<1==5>DAD>;1>5=9B9 *$

5 * *$ =5AD@1;1> A5>31>1 @5=21>7D>1> 415A18 45>71> @5>45;1C1> 21AD H1>7 <5298 =5=@5A81C9;1>D@1H1 D@1H1@5>DAD>1>5=9B9 *$

6 )5>HDBD>1> * *$ 81ADB =5>79;DC B5AC1;1> @1A1 @5<1;D @5=21>7D>1> 49 415A18 41A9 25A21719 D>BDA =1BH1A1;1C D>CD; =5=@5A;1H1 BD2BC1>B9 * *$ =5>9>7;1C;1> ;5@5=9<9;1> ?F>5AB89@ 41> =5>9>7;1C;1> ;5C5A<921C1> 41<1= @5<1;B1>11> A5>31>1 1;B9 C5AB52DC41<1=;DAD>F1;CDH1>7C5<1849C5C1@;1>@1AC939@1C9?>

"'"*%(,$*)-%(+%&%'(,("(#$//////////////////////

".

////////////////////////

7 )5<1;B1>11> ;5791C1> 41<1= * *$ 81ADB =5>79;DC9 B9BC5= @5=1>C1D1> @5>9<191> 41> @5<1@?A1>H1>725A<1>41B;1>@141@5A1CDA1>@5=5A9>C18H1>725A<1;D 41>25AB961C41@1C 49D;DA49<1@?A;1>41>49E5A969;1B9

#2@;12 1.:8.@ &2>56@A:4.:96?6 1 1B5<9>5 5=9B9 *$ 49 41<1= @5>HDBD>1> * *$ )A?E9>B9 $1<9=1>C1> ,5>718 D>CD; B5;C?A H1>7 25A21B9B;1> <181> H19CD @141 B5;C?A @5>77D>11> <181> 41> @5AD2181> CDCD@1>8DC1> 4941@1C;1>41A9 81B9<1>1<9B9B@5AD2181>CDCD@1><181>41A9C18D>

B5BD19 81B9< 9>C5A@A5C1B9 39CA1 <1>B1C H1>7 49<1;D;1> ?<58 )%' C18D> 41> 1C1 491>1<9B9B 45>71> =5>77D>1;1> @5A1>7;1C 1; -+

2 1B5<9>55=9B9B5;C?A@5AC1>91>C941; 491>1<9B9B B5>49A9;1A5>1BD4184989CD>741A95=9B9 @5AD2181>CDCD@1><181>;52D>41> B1F18

3 1B5<9>55=9B9B5;C?A@5C5A>1;1>4981B9<;1>41A91>1<9B9B:D=<18C5A>1;

4 1B5<9>5 5=9B9 B5;C?A 9>4DBCA9 4941@1C;1> 41A9 81B9< @5A89CD>71> @5>77D>11> 2181> 21;1A41><9BCA9;41C1491>1<9B9B45>71>=5>77D>1;1>@5A1>7;1C1;%

5 1B5<9>55=9B9B5;C?ACA1>B@?AC1B94941@1C;1>41A981B9<@5A89CD>71>@5>77D>11>2181> 21;1A41C1 491>1<9B9B45>71>=5>77D>1;1>@5A1>7;1C1;%

6 1B5<9>5 5=9B9 B5;C?A <9=218 4941@1C;1> 41A9 81B9< @5A89CD>71> B1=@18 AD=18 C1>771 41>9>4DBCA9

525A1@1 ;1:91> H1>7 C5<18 49<1;D;1> ?<58 @1A1@981; C5ADC1=1 ?<58 5F1> '1B9?>1< )5AD2181> ";<9= ')" H1>7 494D;D>7 ?<58 &3$9>B5H 41<1= 4?;D=5> H1>7 25A:D4D< K&5>39@C1;1> $5B5:18C5A11> *5>418 $1A2?> 49 $1<9=1>C1> ,5>718 L 41> K A55> A?FC8 9> 5>CA1< $1<9=1>C1>

L B5AC1 )5A89CD>71> *% $1<9=1>C1> H1>7 49<1;D;1> ?<58 /?A;9>7 A?D@ &*. +1C71B * =5>:149 2181> @DBC1;1 @5>C9>7 B521719 2181> @5=21>49>7 +541>7;1> B5;C?A <19> 4989CD>7 45>71> =5>77D>1;1> @1>4D1> @5>HDBD>1>* *$H1>7141

.?68&2>56@A:4.:&2>76>..:96?6<.1.* 1.:).>42@&2:A>A:.::C. 5A41B1A;1>81B9<@5A89CD>71>5=9B9C?C1<41A9B5218F1 5=9B989BC?A9B 41>5=9B95BC9=1B9C18D>1>B5:1;C18D> 49@5A;9A1;1>25A;9B1A1>C1A1 B1=@19

#DC1,?>( 5C18D> 1A9;5B55=9B9C5AB52DCB525B1A B1=@19 25A1B1<41A9B5;C?A25A21B9B<181> B521719 1;921C@5AD2181>CDCD@1><181>49C1>18=9>5A1<41> <181> 71=2DC 9?=1BB1 49 1C1B @5A=D;11> 41> @A?B5B 45;?=@?B9B9 71=2DC =9B9 C5AB52DC 494D71 ;1A5>1 141>H1 @5AD2181> 6D>7B9 ;1F1B1> 8DC1> =5>:149 CDCD@1> <19> 41> C5A:149>H1 ;521;1A1> <181> 71=2DC =9B9 C?C1< - @5>7DA1>71> 41> ;D=D<1C96 B57;1B 49B1:9;1> @141 )./28 + 41> .9/.> + +5<1>:DC>H1 45>71> C1A75C @5>7DA1>71> B525B1A41> =1;15=9B9 *$C18D>1>)A?E9>B9$1<9=1>C1>,5>71841A9C18D> "'"*%(,$*)-%(+%&%'(,("(#$//////////////////////

".

////////////////////////

=1B9>7 =1B9>725A;9B1A1>C1A1 J :DC1C?>( 5C18D> 41>1>C1A1 J :DC1 C?> ( 5C18D> )141 C9>7;1C ;5@5A31H11> C9>7;1C 5=9B9 - C1A75C @5>DAD>1>41> 45B;A9@B9BC1C9BC9;>H1B531A1A9>7;1B49B1:9;1>@141 .9/.>++ 1.:+ +541>7;1>=?45<=1C5=1C9B;D=D<1C965=9B9 *$>H149B1:9;1>@141 .9/.>++ 1.:+

,('( 5

,!-' -

)' -*' '

)' -*' '

.9/.>+ );@.896?6 !A9A8.@63 (28A>A5 (27@;> *&2:4A>.:4.: 1.: ).5A:

"'"*%(,$*)-%(+%&%'(,("(#$//////////////////////

".

"

"#

""

!" $ #

"'"*%(,$*)-%(+%&%'(,("(#$//////////////////////

!"#" $# #

#

!##"" $

)./28+ 96?6);@.8*&2:4A>.:4.:1.:!A9A8.@63(28A>A5(27@;>

////////////////////////

# "#"#

////////////////////////

"'"*%(,$*)-%(+%&%'(,("(#$//////////////////////

.9/.>+ 2?7>6;B6:?6!.869.:@.:)2:4.5).5A:

////////////////////////

"'"*%(,$*)-%(+%&%'(,("(#$//////////////////////

.9/.>+ 2?7>6A:.: &>;B6:?6!.869.:@.:)2:4.5).5A:

////////////////////////

"'"*%(,$*)-%(+%&%'(,("(#$//////////////////////

.9/.>+ 2?7>6A:.: &>;B6:?6!.869.:@.:)2:4.5).5A:

////////////////////////

.9/.>+ #;128#.@29.@67.96?6 * !A9A8.@63'! &>;B6:?6!.869.:@.:)2:4.5 ).5A:

.9/.>+ #;128#.@29.@67.96?6 &2:A>A:.: !A9A8.@63'! &>;B6:?6!.869.:@.:)2:4.5 ).5A: "'"*%(,$*)-%(+%&%'(,("(#$//////////////////////

".

////////////////////////

.9/.>+ #;128#.@29.@67.96?6 &2:A>A:.: !A9A8.@63'! &>;B6:?6!.869.:@.:)2:4.5 ).5A:

1 1B5<9>55=9B9 B5;C?A@5>77D>11><181>41>@5AD2181>CDCD@1><181>41>8DC1>B5AC1<181> 71=2DC

!1B9< 1>1<9B9B 41C1 H1>7 49<1;D;1> 25A41B1A;1> CDCD@1> <181> 41A9 C18D>

25A41B1A;1> D>9C @5A5>31>11>>H1 B531A1 A9>7;1B 49B1:9;1> @141 .9/.> + *9>7;1B1> 5=9B9 1;CD1<>H1 49B1:9;1> @141 .9/.> + +541>7;1> 5=9B9 @5A 81 @5A C18D>>H1 D>CD; B5C91@9C5A1B9F1;CD@5A89CD>71>49B1:9;1>@141 .9/.>+ +5<1>:DC>H1C?C1<5=9B9@141 B5C91@6D>7B9;1F1B1>I?>1B949B1:9;1>@141 )./28+

"'"*%(,$*)-%(+%&%'(,("(#$//////////////////////

".

////////////////////////

.9/.>+ 2?7>62:0.:..:1.:8C46/686@.?:C.1.8.9(729. &2:4A>.:4.: 96?6

)./28+ 96?6 76/.@&2>A/.5.:)A@A<.:".5.: $%

-%$( *$(!,($ &).9/A@ !( !&$;:.9/A@ "$;:.9/A@ &)$;:.9/A@ &"$;:.9/A@ &".9/A@ &!.9/A@ ".9/A@ &!$;:.9/A@ & .9/A@ !( !&.9/A@ &$;:.9/A@

96?6);:% 2= ).5A:*:@A7(2@6.<&2>6;12@2>.?6

"'"*%(,$*)-%(+%&%'(,("(#$//////////////////////

".

////////////////////////

.9/.>+ '6:47.?.:96?6[email protected](27@;>2>/.?6?".5.: 16 &>;B6:?6!.869.:@.:)2:4.5 &.1.).5A:

.9/.>+ 96?6&2>.&2>).5A:&>;B6:?6!.869.:@.: )2:4.5 A:@A7(27@;>2>/.?6?".5.:<.1. (2@6.<@2>.?6,.7@A&2>56@A:4.: "'"*%(,$*)-%(+%&%'(,("(#$//////////////////////

".

////////////////////////

.9/.> + );@.896?6&>;B6:?6!.869.:@.:)2:4.5&.1.#.?6:49.?6:4@2>.?6 ,.7@A&2>56@A:4.:

2

1B5<9>55=9B9B5;C?A 5>5A79

1B5<9>55=9B9D>CD;B5;C?A5>5A79 4941@1C;1>41A981B9<@5A89CD>71>@5>77D>11>2181>21;1A 41> <9BCA9; 41C1 491>1<9B9B 45>71> =5>77D>1;1> @5A1>7;1C 1; % !1B9< 1>1<9B9B 21B5<9>5 D>CD;B5;C?A5>5A79B531A1A9>7;1B49B1:9;1>@141 .9/.>+ 41> .9/.>+ B5AC1 )./28 +)./28+ 41> )./28+

"'"*%(,$*)-%(+%&%'(,("(#$//////////////////////

".

////////////////////////

.9/.>+ 96?6(28A>A5 '! 1.>6 (27@;> :2>46

.9/.>+ 96?6 .?% 1.>6 (27@;> :2>46 "'"*%(,$*)-%(+%&%'(,("(#$//////////////////////

".

96?6.?% A@.);:% 2

"'"*%(,$*)-%(+%&%'(,("(#$//////////////////////

5=1>40">4DBCA9 5=1>40$?=5AB91< 5=1>40*D=18,1>771 5=1>40,A1>B@?AC1B9 ,A1>B6?A=1C9?>0)5=21>7;9C%9BCA9;">C5A;?>5;B9 ,A1>B6?A=1C9?>0)5=21>7;9C%9BCA9;$17 );@.8

(27@;>:2>46

)./28+ 96?6.?% 1.>6(27@;>:2>46

5=1>40">4DBCA9 5=1>40$?=5AB91< 5=1>40*D=18,1>771 5=1>40,A1>B@?AC1B9 ,A1>B6?A=1C9?>0)5=21>7;9C%9BCA9;">C5A;?>5;B9 ,A1>B6?A=1C9?>0)5=21>7;9C%9BCA9;$17 ,A1>B6?A=1C9?>0,1=21>71CD21A1 );@.8

96?6(28A>A5.?'A9.5!.0. A@.);:% 2

)./28+ 96?6?28A>A5'!1.>6 (27@;> :2>46

////////////////////////

(27@;>:2>46

1A2?>9?G945'?> 9?75>93 &5C81>5 '9CA?DB(G945 );@.8

#5>9B *$

"'"*%(,$*)-%(+%&%'(,("(#$//////////////////////

)5=21>7;9C%9BCA9;49$D1<1$1@D1B$12D@1C5>$1@D1B

=9B9+5#DC1,?>( 5

)./28 + 96?6 (28A>A5'!1.>6 (27@;> :2>46 2>1.?.>7.: 2:6?'!

////////////////////////

////////////////////////

3 1B5<9>55=9B9B5;C?A B1=@18<9=218 1B5<9>5B5;C?A9>9 4941@1C;1>41A981B9<@5A89CD>71>B1=@18AD=18C1>771 41><9=2189>4DBCA9

*5;1@9CD<1B921B5<9>55=9B9 *$B5;C?AB1=@18<9218B531A1A9>7;1B49B1:9;1>@141 )./28+

)./28+ '27.<6@A8.?6.?286:296?6'!(27@;>(.9<.5 "69/.5

"

"

"

! !

!

*?A8.: 7?6 #6@64.?61.:&2>76>..:&2:A>A:.:96?6 (27@;> )2>@A@A< ?;8.@21(20@;> +5;C?A 9>9 49B52DC B5;C?A C5ACDCD@ ;1A5>1 @141 B5;C?A 9>9 @5=5A9>C18 @A?E9>B9 =5=9<9;9 ;5F5>1>71> @5>D8 D>CD; =5>1>71>9 @5>HDBD>1> - 41> ?@B9 =9C971B9>H1 49=1>1 B531A1 14=9>9BCA1C96 41> C5;>9B B5;C?A 9>9 =5AD@1;1> ;5F5>1>71> @5>D8 415A18 +5;C?A H1>7 C5A=1BD; ;5 41<1= B5;C?A C5ACDCD@ 141<18 B5;C?A @5AB1=@181> )A?E9>B9 1@@541 41> 49>1B C5A;19C @5A5>CD;1> =5C?4? ?@B9 =9C971B9>H1 25A41B1A;1> 4?;D=5> H1>7 49BDBD> ?<58 @5=5A9>C18@DB1C>1B9?>1< &1B9>7 =1B9>7 @A?E9>B9 1;1> =5>H5A18;1> 5BC9=1B9 5=9B9 - 41> ?@B9 =9C971B9>H1 ;5@141 ;51B9?>1< D>CD; 49B5<5;B9 9<1=1>1 C5A@9<98 41@1C49:149;1>B1CD=5>:149'1C9?>1<-41> =5>:149 DBD<1>?@B9=9C971B9 >1B9?>1<

*5>31>1 1;B9>H1 =9C971B9 )A?E9>B9 $1<9=1>C1> ,5>718 D>CD; B5;C?A C5ACDCD@ C5AB52DC B531A1 A9>3949B1:9;1>@141 )./28+

"'"*%(,$*)-%(+%&%'(,("(#$//////////////////////

".

////////////////////////

)./28+ '2:0.:.7?61.8.9#6@64.?61.>6(27@;>&2:428;8..:(.9<.5 '( )*( *& +-&* )5=1>611C1> <9=218 81B9< @5=2D;11> <181> D>CD; 2181> @5=2D1C1> *' *$ ;?=@?B

)5=21>7D>1>B1A1>1 @A1B1A1>1 19A<9=218 45>71>BHBC5= 41> )5>71F1B1>$5791C1>@5=21;1A1>C5A2D;1 B1=@18

)5>9>7;1C1>;1@1B9C1B@5>75B1=@18

&5>75=21>7;1> @5>5A1@1> ;529:1;1> <9>7;D>71> 894D@ D>CD; @A9>B9@ * "+* 41<1=@5>75@5AB1=@181>

)5>7DA1>71> B1=@18 A54D35 41A9 BD=25A>H1 B521>H1; =D>7;9> 497D>1;1> ;5=21<9 A5DB5 41> 4941DA D<1>7 A53H3<5* B5257;DC;5,)

)5>9>7;1C1> =5C?41 @5>75 71B B1=@18 <1>469<< 71B J % =5<17D=@D<1> 41> @5=21;1A1> 1C1D =5<15A1@1> &5>75=21>7;1> C5;>?75 B1=@18 H1>7 A1=18 <9>7;D>71> 41>1>C9B9@1C96C5A8141@@5AD2181>9;<9=

&5>75=21>7;1> C5;>?9>7;1C1> ;D1<9C1B <1>469<< ?>CA?<<54 %1>469<< % D>CD; ;?C1 ;539< 41> =5>5>718 +1>9C1AH %1>469<< +% D>CD;;?C125B1A )5>785>C91>(@5>D=@9>7

&5>H91@;1> 9>BC1>B9 H1>7 25AC1>77D>7 :1F12 D>CD; =5>75<1H1>1>19A<9=21841>@5>5A29C1>9I9>

&5=61B9<9C1B9 A5B?6<9; 49 B5;?C1 D>CD; @5A=1B1<181>B1=@18@141C

(27@;>)2>/A7. %<2:(20@;> +5;C?A 9>9 49B52DC B5;C?A C5A2D;1 ;1A5>1 @141 B5;C?A 9>9 @5>HDBD>1> - 41> ?@B9 =9C971B9 H1>7 B961C>H1 <9>C1B 415A18 1C1D <5298 C5@1C =5>:149 ;5F5>1>71> @5=5A9>C18 @DB1C>1B9?>1<

+5;C?A C5AB52DC 141<18 B5;C?A 9>4DBCA9 41> B5;C?A CA1>B@?AC1B9 )141 B5;C?A 9>9 )5=5A9>C18 @A?E9>B9 =5=9<9;9 ;5C5A21C1B1> 41<1= @5<921C1> @5>HDBD>1> - 41> ?@B9 =9C971B9>H1 )5A1> 415A18 141<18 @5>H54911> 41C1 41C1 H1>7 49@5A D>CD; =5>HDBD> - @141 C181@ 9=@<5=5>C1B9 41> A5@?AC9>7 ?>C?8>H1 H1>7 <1>7BD>7 49C1>71>9 ?<58 @DB1C 141<18 B5;C?A 9>4DBCA9 41> CA1>B@?AC1B9 15A18 C941; C5A<921C B531A1 @5>D8 1C1D C5A21C1B ;5C5A<921C1>>H1 41<1= @A?B5B @5>H91@1> - 41> ?@B9 =9C971B9 ;1A5>1 BD418 49C1>71>9 <1>7BD>7 ?<58 @5=5A9>C18 @DB1C>1B9?>1< F?A;9>7 7A?D@B5;C?A $5C5A<921C1> 415A18 @141 B5;C?A 9>9 141<18 41<1= C181@ 9=@<5=5>C1B9 41> B1:1 :D71 @5>H54911> 41C1 41C1 1F1< *5>31>1 1;B9>H1 B531A1A9>7;1B49B1:9;1>@141 )./28+ 41> )./28+

"'"*%(,$*)-%(+%&%'(,("(#$//////////////////////

".

////////////////////////

)./28+ '2:0.:.7?61.8.9#6@64.?61.>6(27@;>:1A?@>6 '( )*( *& +-&* )5>HDBD>1>;529:1;1>C5;>9B@5>7DA1>71>5=9B9(499>4DBCA"

*' *$

1B9<9C1B9 41> 9>B5>C96 @5>75=21>71> C5;>? A1=18 <9>7;D>71>499>4DBCA"

$?>B5AE1B941>D49C>5A799>4DBCA"

)5>HDBD>1> 41> @5>75=21>71> A?14=1@@5C1 :1<1> K L 41> 9=@<5=5>C1B9>H1

)5>9>7;1C1> 21791@1A1C@5=5A9>C1841>@5<1;D9>4DBCA"

1B9<9C1B9 41> @5=25A91> ">B5>C96 D>CD; @5>D=2D81> ">4DBCA9 )5>75 %9=218">4DBCA9

">E5>C?A9@?C5>B9 5=9B9( @141B5;C?A9>4DBCA"

)5=1>C1D1>41>5E1
)./28+ '2:0.:.7?61.8.9#6@64.?61.>6(27@;>)>.:?<;>@.?6 $%

&'%'# (*#' )5>5A1@1>)5>75>41<91>1=@1;%1C1B ,"

*' *$ )5A5=1:11>1A=1411>7;DC1>D=D=

)5=1B1>71> 1B969;1B91>7;DC1>D=D=

)A?7A1=@5<1C981>41>B?B91<9B1B9

+C1>41A5=9B9(D>CD;;5>41A11>25A=?C?A

)5=21>7D>1>@5>9>7;1C1>41>@A5B5AE1B9 :1<1>

">9B91B941>=5<1;D;1>35;5=9B97A1C9BD>CD;D=D=

&5>H5<5>771A1;1>@5<1C981>2179@5=5A9>C18415A1841<1==5<1;D;1>35; 5=9B9B52171921791>41A9@5>75=21>71>;1@1B9C1B

&5>75=21>7;1> ;529:1;1> @A?E9>B9 49 B9BC5= CA1>B@?AC1B9 D=D= 25A41B1A;1>A5>31>1>1B9?>1<

">9B91B9CA1>B@?AC1B9D=D==1BB1B9BC5=CA1>B9C

)A?7A1= @5>771>C91> 41A9 1>7;DC1> D=D= ;5>41A11> <1=1 D>CD; ;5>41A11>21ADH1>7<5298 569B95>

&5>75=21>7;1> ;529:1;1> @A?E9>B9 @141 F1;CD 3853; 5=9B9 D>CD; ;5>41A11>25A=?C?A 25A41B1A;1>BC1>41A>1B9?>1<

"'"*%(,$*)-%(+%&%'(,("(#$//////////////////////

".

////////////////////////

(27@;>.9 .: %."!" ,)* +5;C?A 31=@DA1> 141<18 B5;C?A H1>7 BD<9C 492179 ;5F5>1>71>>H1 1>C1A1 @DB1C 41> 415A18

)DB1C =5=9<9;9 ?C?A9C1B @141 B5;C?A 9>9 C5C1@9 @141 C181@ 9=@<5=5>C1B9 21>CD1> 41A9 415A18 D>CD;=5FD:D4;1>@5<1;B1>11>;529:1;1>1;1>B1>71C25B1A $1A5>19CDB5;C?A9>9=5<921C;1> ;??A49>1B9 25AB1=1 1>C1A1 @5=5A9>C18 @DB1C 45>71> @5=5A9>C18 415A18 41<1= ;5791C1> @5>7DA1>71> 5=9B9 1<1= ;1C57?A9 B5;C?A 31=@DA1> 141<18 B5;C?A ;58DC1>1> <181> 71=2DC 41>@5AC1>91> )5=5A9>C18@DB1C1C1D;51B9?>1<'1C9?>177A?D@H1>7 49;??A49>1B9 ?<58 1@@5>1B 1;1> =5=2D1C >1B9?>1< -1B5<9>5 41> ;5=D491> =5>49BCA92DB9;1> 81B9< - C5AB52DC ;5 @A?E9>B9 @A?E9>B9 =9B1<>H1 )1@D1 $11B9 45>71> 1@@541 41> 49>1B ;58DC1>1> B589>771 )A?E9>B9 @A?E9>B9 41@1C =5=2D1C - =1B9>7 =1B9>7 )5=5A9>C18 @DB1C 1;1> =5=25A9;1> 29=29>71> C5;>9B 41> 1A181> =5>H1>7;DC @5>HDBD>1> - 41> ?@B9 =9C971B9 )5=5A9>C18 415A18 41> @DB1C ;5 1@@5>4149>1B 41@1C =5=2D1C DBD<1> ?@B9 =9C971B9 D>CD; B5C91@ @A?E9>B9 -BD<1> DBD<1> @5=5A9>C18 @A?E9>B9 49712D>7 ?<58 ;51B9?>1CD;=5>:149A5>31>1C9>41;=9C971B9>1B9?>1<'&B *5>31>11;B9>H1B531A1A9>39 49B1:9;1>@141 )./28+ )./28+ 1.:)./28+

)./28+ '2:0.:.7?61.8.9#6@64.?61.>6(27@;>!25A@.:.: '(

)*( *& 1B9<9C1B941> @5<1;B1>11>A58129<9C1B98DC1>@141+@A9?A9C1B

1B9<9C1B9A58129<9C1B9<181>;A9C9B@141+@A9?A9C1B

1B9<9C1B9@5>75=21>71>8DC1>;?C1

)5>9>7;1C1>$5B1CD1>)5>75!DC1>)5>5C1@1>F9<1H18$)!$

)5>75>41<91>,1C1*D1>7 F9<1H18$)!$H1>7C5<1849C5C1@;1>

)5>75>41<91>$521;1A1>!DC1>

)5A35@1C1>)5>5C1@1>)5A41*,*/)A?E9>B941>$12D@1C5>$?C125A21B9B $1:91>%9>7;D>71>!94D@+CA1C579B$%!+

$?>B5AE1B9 8DC1> 41><181> A1F1> C5A21;1A =5<1 9>B5>C96 ;5@141=1BH1A1;1C

*58129<9C1B9 <181> ADB1; A1F1> C5A21;1A =5<11>1=1> C1>1=1> ;1HD

1B9<9C1B9 @5>5C1@1> 1A51< ;5A:1 41> @5>75 8DC1> ;5=1BH1A1;1C1> !$=

1B9<9C1B9@5=21>7D>1>8DC1>A1;H1C;5=9CA11>

1B9<9C1B9@5>5C1@1>1A51<;5A:18DC1>45B1

)5=25A1>C1B1> )5>357181>;589<1>71>;1HD

)5>1>71>1> )5A1=2181> !DC1> 41> )5>1>71>1> $?>6<9; $1F1B1> %9>4D>741>$?>B5AE1B9

)5>9>7;1C1>$5B1CD1>)5>75!DC1>)5>5C1@1>F9<1H18$)!)

+-&* *' *$

"'"*%(,$*)-%(+%&%'(,("(#$//////////////////////

".

////////////////////////

)5>9>7;1C1>$5B1CD1>)5>75!DC1>)5>5C1@1>$)!%

)5>9>7;1C1> )5>75 !DC1> <1= )A?4D;B9 &5<175!DC1><1=45>71>"-)!!$ *

)5>9>7;1C1> )5>75 !DC1> ,1>1=1> =5<11=2181> A51< ,1>1=1>!,!,"!,*

)5>41C11>41>">6?A=1B9941>7)5>1C11>*D1>7

)5>9>7;1C1>#D=<18->9C"-)!!$5AB5AC969;1C)!)%41A9,18D>

)5>9>7;1C1>)A?4D;B9)5>521>71>5AB5AC969;1C %571<9C1B$1HD

)5=2D1C1>)5C1A51<$5A:1)5>3141>71>"-)!!$ !,!*!$=!,* 41>!DC1>5B1

)5>75>41<91>)5>77D>11>$1F1B1>!DC1>

)5>H5<5B191>@5A=?8?>1>":9>)1;19$!45>71>;?=@5>B1B9)')

1C141>">6?A=1B9)5>77D>11>$!

1B9B41C1B@1B91<+!H1>7C5A9>C57A1B9

)5>5<9C91>41>)5>75=21>71>$58DC1>1>41>)5AD2181>";<9=

)5>9>7;1C1>;1@1B9C1B@1A1CDA41>&1BH1A1;1C

)5>H5<5B191>;1BDB@5A1=2181>8DC1>

)5>5C1@1> /9<1H18 $)!$ ,1=1> '1B9?>1< D;9C 1;1 D;9C *1H1 41> ,' +521>71D

)5>71F1B1>@5=1>611C1>AD1>741>5E1611C1>AD1>7 5A41B1A;1> 41H1 4D;D>7 41> 41H1 C1=@D>7 <9>7;D>71> H1>7 C5A@14D 41>25AB961C<9>C1B$%

&5>789>41A9456?A5BC1B9H1>7C941;C5A5>31>1

'&B )5>75 8DC1><5BC1A9

&5>9>7;1C;1>@5>75C1=1>>1B9?>1<;?>B5AE1B9>1B9?>1<41>8DC1> <9>4D>7

&5>9>7;1C;1>=1>1:5=5>;?>B5B9@5>521>71>=9B1<>H1*"%

$?>B5AE1B98DC1>3141>71>;1A2?>

$52D>#5749$12D@1C5>)D<1>7)9B1D

"'"*%(,$*)-%(+%&%'(,("(#$//////////////////////

".

////////////////////////

)./28+ '2:0.:.7?61.8.9#6@64.?61.>6(27@;>".5.:.9/A@ '(

)*( *& )5>75>41<91>$5ADB1;1>;?B9BC5= 1=2DC

)5>HDBD>1>$A9C5A911;D$5ADB1;1>;?B9BC5= 1=2DC

)5>1>71>1>@5A1=2181>;1F1B1>8DC1>71=2DC

">E5>C1A9B1B941>@5=5C11>;5B1CD1>894A?
">E5>C1A9B1B941>@5=5C11>;1A1;C5A9BC9;5;?B9BC5=71=2DC

)5>9>7;1C1> A58129<9C1B9 41> @5=5<981A11> :1A9>71> A5;<1=1B9 A1F1 C5A=1BD;<181>25A71=2DCH1>7BD418141

*58129<9C1B9 A5;<1=1B9 41> A5E9C1<9B1B9 <181> 71=2DC C5A<1>C1A C5A457A141B9@1411A51<@5AC1>91>

&5>789>41A9456?A5BC1B9H1>749A5>31>1;1>@14171=2DC=9B1<>H1C1>18 BF1@

&5>9>7;1C;1>=1>1:5=5>@5>7571=2DC49<181>8DC1>

+-&* *' *$

'&B

)./28+ '2:0.:.7?61.8.9#6@64.?61.>6(27@;>&2>@.:6.: '( )*( *& +-&* )5=1>611C1> @D@D; ?A71>9; 41> 29? @5BC9B941 41<1= 2D4941H1 C1>1=1> *' *$ D>CD;=5>35718 <1:D @5>9>7;1C1> 5=9B9 *$ =5<177D>11> <1C )5>7?<18 )D@D; (A71>9;

)5>H91@1><181>C1>@121;1A41>?@C9=1<9B1B9@5=1>611C1><181>

)5=1>611C1> ;?C?A1>DA9>5 C5A>1; 41> <9=218 @5AC1>91> D>CD; 29?71B 29?6D5<41>@D@D;?A71>9; )5>5A1@1> C5;>?1=1> D>CD; =5>7DA1>79 71B AD=18 ;131

)5A219;1>41> @5=5<981A11>B9BC5=9A971B9

)5>5A1@1> @5=2D;11> <181> C1>@1 21;1A )%, =5<1 ;?=@?B1A1>741>2A9;5C1A1>7

)5>5<9C91>BHBC5=@5>7519A@141415A189A971B9

)5>5<9C91> 41> @5>75=21>71> C5;>?418 5=9B9 =5C?4?91>

)5>75=21>71> 1A51< @5A;52D>1> B1F9C ;1A5C ;1;1? 49 <181> C941; 25A8DC1><181>C5A<1>C1A<181>C5A457A141B9)%

)5>5A1@1>@5=2D;11>@5A>H91@1><181>C1>@1 21;1A=5<111> "+* @141<181>

)5>7DA1>71>456?A5BC1B9=5<1

)5=1>611C1> @D@D; ?A71>9; 41> @5BC9B941 81H1C9175>B 81H1C9 41<1= ;5791C1>2D4941H1C1>1=1>@1>71>D>CD;=5>5;1><1:D5=9B9 *$

"'"*%(,$*)-%(+%&%'(,("(#$//////////////////////

".

////////////////////////

)575=21>71> 2D4941H1C1>1=1>@1>71>45>71>,(,D>CD;=5>7DA1>79 <1:D5=9B9 *$

)5=1>611C1>;?C?A1>DA9>5C5A>1;D>CD;29?71B29? DA9>5

)5AC5=D1>;??A49>1B9@5>75>41<91>;521;1A1><181>;52D>

">B5>C9625>982179@5C1>9@5;52D>H1>7=5>5A1@;1>)%, ;1A5C;5<1@1 B1F9C

)5<1C981>@5>75>41<91>;521;1A1>

)5>71411>@5A1<1C1>)%,CA13;C?A41>=D<385A

,1=2181>@5A1A51<;1A5C@141<181>>?>8DC1>)%

,1=2181>@5A1A51<;1A5C @141<181>>?>8DC1>)%

)5=1>611C1> @D@D; ?A71>9; 41> @5BC9B941 81H1C9175>B 81H1C9 41<1= ;5791C1>2D4941H1C1>1=1>@1>71>D>CD;=5>5;1><1:D5=9B9 *$

)5>75=21>71>BHBC5=9>C57A1B9C1>1=1>C5A>1;

&1>1:5=5><181>@5AC1>91>

)5>75<181>71=2DCD>CD; @5AC1>91>25A;5<1>:DC1>

(7.8.&>6;>6@.? 5A41B1A;1>81B9<@5A89CD>71>5=9B9 *$$1<9=1>C1>,5>71841A9B5218F1B5;C?A ;58DC1>1>41><181>71=2DC=5=25A9;1>;?>CA92DB9H1>7B97>969;1>

(<58 ;1A5>1 9CD B;1<1 @A9?A9C1B @5>1>71>1> =9C971B9>H1 496?;DB;1> @141 ;54D1 B5;C?A C5AB52DC 49=1>1 ?@B9 =9C971B9>H1 =5>713D :D71 ;5@141 )*)*+ '? ,18D>

C5>C1>7 *5>31>1 ;B9 >1B9?>1< )5>DAD>1> 5=9B9 1B *D=18 $131 +;1<1 @A9?A9C1B =9C971B9 491A18;1> 45>71> =5=@5AC9=21>7;1> 5>1= @57 DC1=1 H1>7 41@1C =5>DAD>;1> 5=9B9 45>71> C5C1@ =5=@5A81C9;1> @5ACD=2D81> 5;?>?=9 H1>7 =1;B9=1< H19CD ;5@5=9<9;1> C1>18 41> @5>9>7;1C1> @A?4D;C9E9C1B <181> @5A5>31>11> C1C1AD1>7 C5A@14D A58129<9C1B9 <181> 71=2DC @5>75 8DC1> 25A;5<1>:DC1> ?@C9=1<9B1B9 @5>77D>11> <181> 41> @A1;C9; @5AC1=21>71> 41>@5A;52D>1>C5A219;

%181>5A71=2DC H1>7&5>71<1=956?A5BC1B949$12D@1C5>$1C9>71>

"'"*%(,$*)-%(+%&%'(,("(#$//////////////////////

".

LLLLLLLLLLLLLLLLLLLLLLLLLL

23 :?: >6?;6=2C<2? CDB2D68: A6=2:D:82C: D6BA:=:9 >6=:AED: =6>3282 A6=236B A6?52?22? 52? ;25G2= :>A=6>6?D2C: A6=22?D2? -6?829

)"#$ $ # $'$ *B@F:?C: %2=:>2?D2? -6?829 C63282: *B@F:?C: *6B4@?D@92? + 52=2> EA2H2 A6?8EB2?82? 6>:C: 2<:32D 568B252C: 52? 567@B6CD2C: 9ED2? 56?82? A6?2>3292? EA2H2 <@?C6BF2C: 52? A6?86=@=22?9ED2?36B<6=2?;ED2?5:#?5@?6C:2 >6>:=:<:<6C6>A2D2?32?H26>32?8E? <6=6>32822? H2?8 >6?H2?8<ED @B82?:C2C: 2DEB2? 52? CE>36B52?2 C642B2 =63:9 32:< 52? @AD:>2= >6=2=E: 5E<E?82? A2B2 A:92< %68:2D2? D6BC63ED C6>6?D2B2 :?: 5:5E<E?8 56?82? 252?H2 %@>:C: 26B29 %)' + H2?8 5:<6DE2: @=69 !E36B?EB ,6=2?;ED?H2 A2B2A:92< H2?8 52A2D >6?5E<E?38 D6BC63ED C642B2 B:?8<2C 5:82>32B<2? A252 #' ,652?8<2? 82>32B2? CDB2D68: A6=2:D:82C: D6BA:=:9 >6=:AED: =6>3282 A6=236B A6?52?22? 52? ;25G2= :>A=6>6?D2C: A6=22?D2? -6?829 C642B2B:?4:5:C2;:<2?A252 " #& '$

! """"""""""""""

/


#''& !-$ &)$*!*$ '%+ $( " #$)$$ ! """"""""""""""

/


*#' $$$ *6?52?22? 252=29 CE>36B >6<2?:C>6 2=2D C:CD6> E?DE< >6>3:2H2: :?7B2CDBE6?42A2: DE;E2?52?C2C2B2?<68:2D2?A6?8EB2?82?6>:C:!+%*6?52?22? E?DE<<68:2D2?A6?8EB2?82? 6>:C:!+%52A2D>6?;25:D2?D2?82?328:A6>6B:?D29AB@F:?C:(2>E?56?82?>6?HECE?+ >2<2A6>6B:?D2992BEC>6?82=@<2C:<2?52?2<9ECECE?DE<<68:2D2?>:D:82C:A6BE3292?:<=:> %63:;2<2?A6?52?22?E?DE<<68:2D2?>:D:82C:A6BE3292?:<=:>5:A6>6B:?D29AEC2DA252>2C2 =2=E 5:>2CE<<2? <6 52=2> AB@8B2> A6>32?8E?2? B68E=2B D2?A2 2=@<2C: 2?882B2? <9ECEC ?2C:@?2= E?DE< A6BE3292? :<=:> H2:DE 56?82? 5:2BECED2>2<2? <6 52=2> AB@8B2> H2?8 D6=29 252 (2>E? C22D :?: A6BE3292? :<=:> CE529 >2CE< <6 52=2> AB@8B2> A6>32?8E?2? 52? >6>:=:<:2=@<2C:2?882B2?<9ECEC %63:;2<2? A6?52?22? ?2C:@?2= E?DE< <68:2D2? A6?8EB2?82? 6>:C: !+% D6BDE2?8 52=2> 5@<E>6? 5@<E>6?252=29C63282:36B:<ED (2D:@?2= 6F6=@A>6?D *=2??:?8 #?5@?6C:2 +6CA@?C6 D@ =:>2D6 92?86 16==@G 3@@< **(, ,64@?5(2D:@?2=@>>E?:42D:@?,( (2D:@?2=,62D692?86 ,64D@B2=+@25>2A#,+

#')'! )$ $)' %!*#$'*$!" #'$$$#$*$$$ '%(($$'$ ! """"""""""""""

/


#' 5:2D2C >6?E?;E<<2? <6D6B<2:D2? 2?D2B2 :?:C:2D:7 A6BE3292? :<=:> H2?8 D6=29 252 56?82? 5@<E>6? 5@<E>6? H2?8 252 52? ;E82 AB@C6C A6?82?882B2? A6>6B:?D29 5:>2?2 <68:2D2? A6BE3292? :<=:> 5:2?882B2<2? 52=2> +6?42?2 %6B;2 *6>6B:?D29 52? +6?42?2 *6>32?8E?2? $2?8<2 '6?6?829 #?:C:2D:7 H2?8 252 D6BDE=:C 52=2> 3636B2A2 5@<E>6? 52? :?:C:2:D:7 D6BC63ED A6B=E 5:>2CE<<2? 52=2> 5@<E>6? A6B6?42?22? 5: D:?8<2D ?2C:@?2=52? 5:2?882B<2? *6?HECE?2?2?882B2?E?DED6B<2:D56?82?CDBEE?:<2C:52?<@@B5:?2C:52=2>A6B6?42?22?A6>32?8E?2?H2?85:=2<E<2?@=69A6>6B:?D29 AEC2DH2?85:A:>A:?@=692AA6?2C #' *252 52C2B?H2 >6<2?:C>6 A6B6?42?22? A6>32?8E?2? D6D2A 5:8E?2<2? @=69 A6?82>3:= <6AEDEC2? >6?H2?8<ED :CE H2?8 36B9E3E?82? 56?82? :?:C:2D:7 A6BE3292? :<=:> @<E>6?

5@<E>6?D6B<2:DA6B6?42?22?A6>32?8E?2?C6A6BD:+*$*( +*$'( +%*52?E<E:BE3E<E H2?8 36B:C:<2? 527D2B AB@H6< 52? AB@A@C2= 32?DE2? D66?;25: A65@>2? E?DE< C6>E2 <6>6?DB:2? 52? =6>3282 A6>6B:?D29 % & E?DE< >6=2:C: !+% E?8C:52B:D:><@@B5:?2C:A6BE3292?:<=:>252=29E?DE<>6?;25:<2D2=:C52?92B>@?:C2C: 52B: >2CE<2? D6B<2:D A6BE3292? :<=:> <6 52=2> B6?42?2 A6>32?8E?2? 52? AB@C6C 2?882B2? -:> :?: ;E82 >6=2<E<2? >@?:D@B:?8 52? 6F2=E2C: <63:;2<2? CDB2D68: 52? AB@8B2> A6BE3292? :<=:> -:> ;E82 >6>32?DE 5@?@B E?DE< 36B<@>E?:<2C: C642B2 =2?8CE?8 56?82? >:DB2 <6B;2 >6B6<2 5: %6>6?DB:2? 52? &6>3282 % & 2=2> 92= :CE DBECD 7E?5 D:> 2<2? >6?;25: A6BG2<:=2?52B:A6>6B:?D29#?5@?6C:252=2?

#')'*!)*'%#*$ !( $%%' $( '! )$)'( '*$!" #"# '$$$#$*$$$ $-*(*$$ $'$

,6=2:? CDBEE?:<2C: 52? <@@B5:?2C: 252 3636B2A2 A6B2DEB2? H2?8 >6>36B:<2? 52C2B 328:<63:;2<2?A6?52?22?D6B<2:D56?82?A6BE3292?:<=:> 5:2?D2B?H2252=29C63282:36B:<ED ! """"""""""""""

/


.?52?8 .?52?8 (@>@B -29E?

D6?D2?8 %6E2?82? (682B2 >6>E2D D6?D2?8 A6>3:2H22? <68:2D2? A6>32?8E?2? ?2C:@?2= 52? 526B29 #>A=:<2C:?H2 A252 A6?HECE?2? B6?42?2 <6E2?82? 36BEA2 2?882B2? E?DE< <6E2?82? ?2C:@?2= 52? 526B29 H2:DE *( 52? * .?52?8 .?52?8 (@>@B

D6?D2?8 ,:CD6> *6B6?42?22? *6>32?8E?2? (2C:@?2= >6>E2D>6?86?2:2C2C BE2?8=:?8<EA A6?HECE?2? A6?6D2A2? A6?86?52=:2?52?6F2=E2C: B6?42?2A6>32?8E?2??2C:@?2=52?526B29 *6B2DEB2?*6>6B:?D29(@

D6?D2?8*65@>2?*B@C6C*:?;2>2?52? 2D2E*6BC6DE;E2? !B2?D 52? ?2< *6BEC2922? *6?82DEB2? D6?D2?8 *:?;2>2? 52? 2D2E ":329 >6>E2D <6G6?2?82? >6=2<E<2? A:?;2>2? =E2B ?686B: CE>36B ;6?:C 52? A6BCH2B2D2? A:?;2>2? A6B6?42?22?52?A6?82522?A:?;2>2?9:329=E2B?686B: A6=22?52?2D2E9:329=E2B?686B: %6AEDEC2? '6?D6B: (682B2 *6B6?42?22? *6>32?8E?2? (2C:@?2= %6DE2 **(, (@

D6?D2?8-2D22B2*6B6?42?22?52?*6?82;E2?*B@A@C2=52?'6?:=2:*B@H62? 6>E2D <6D6?DE2? >6?86?2: CE>36B A6?52?22?=E2B?686B: %6AEDEC2? :B6@B *+ *

D6?D2?8 -2D22B2*6?527D2B2?52?*6?86C292?":329&E2B(686B: *6>6B:?D29 526B29 >6>:=:<: <6G2;:32? E?DE< >6?52?2: <68:2D2? A6?8EB2?82? 6>:C: 5: 526B29?H2 >6=2=E: 52?2 * %68:2D2? A6?8EB2?82? 6>:C: :?: 92BEC 5:=2<E<2? 529E=E <6>E5:2?>6B6<252A2D>6?8ECE=<2?<68:2D2?>:D:82C:<62AA6?2CE?DE<5:=:92D2A2<293:C2 >2CE<<652=2>('C,6D6=295:<2;:@=69A6>6B:?D29AEC2D >2<252A2D5:AEDEC<2?2A2<29 <68:2D2?526B29D6BC63ED52A2D>6>A6B@=69A6?52?22?52B:AEC2D26B2992BEC>6>36B:<2? <@?DB:3EC: 36BEA2 A6?8EB2?82? 6>:C: 529E=E E?DE< D2B86D A6?8EB2?82? 6>:C: C642B2 ?2C:@?2= H2:DE -6B52A2D 3636B2A2 D292A H2?8 92BEC 5:=2<E<2? 52=2> >6BE>EC<2? <63:;2<2? A6?52?22?E?DE<<68:2D2?A6?8EB2?82?6>:C:82CBE>29<242 H2:DE '6=2<E<2?A6?89:DE?82?3:2H2>:D:82C: '6?8:56?D:7:<2C:CE>36B52?2 '6BE>EC<2?CDB2D68:A6?52?22? *6?52?22?E?DE<>6?5E<E?8<68:2D2?A6?EBE?2?6>:C:!+%52A2D36BCE>36B52B:A6?52?22? 52=2> ?686B: >2EAE? 52B: =E2B ?686B: *6?52?22? 52=2> ?686B: 52A2D 36BCE>36B 52B: *( 52?*C6BD2A6B2?C6BD2C636B 52B: <6B;2C2>2 3:=2D6B2= >E=D:=2D6B2= 52? A2C2B <2B3@? 6B:<ED :?: 5:;6=2C<2? C642B2 C:?8<2D >6?86?2:CE>36B CE>36BA6?52?22?D6BC63ED +6?42?22G2;:35:CECE?@=69A6>6B:?D29AB@F:?C:56?82?52?252B: *,6=2?;ED?H2+ ECE=2?AB@8B2>A6?8EB2?82?6>:C:!+%5:D:?8<2DAB@F:?C:5:2;E<2?<6 AEC2D52?2A23:=2D6BA:=:9E?DE<>2CE<<652=2>('C >2<252?2E?DED6BC63ED 2<2?36B2C2=52B:A6>6B:?D29AEC2D2?2D6BC63ED2<2?36B2C2=52B:*(AB@8B2>2D2E 52B:32?DE2?:?D6B?2C:@?2=AB@8B2>

! """"""""""""""

/


#''$$$$ !( ''& (

+ !+% 52A2D 5:>2CE<<2? <6 52=2> +6?42?2 *6>32?8E?2? $2?8<2 '6?6?829 26B29 +*$' 6A2BD6>6? 2=2> (686B: >6=2=E: :B632?8E?2? 26B29 D6=29 36B823E?8 56?82? 252? *6B6?42?22? (2C:@?2= **(, E?DE< >6?82B29<2? 52? >6?;25G2=A6B6?42?22?A6>32?8E?2?526B29 C652?8<2?:D;6?%5:6A2BD6>6?2=2> (686B: 36BC2>2 56?82? 6A2BD6>6? %6E2?82? 252=29 =6>3282 H2?8 >6?8@?DB@= 2=@<2C: 2?882B2? E?DE< A6>32?8E?2? 526B29 *6B6?42?22? A6>32?8E?2? 5: #?5@?6C:2 5:52C2B<2? A252 .?52?8 .?52?8 2?D2B2 =2:? .. ?@ D29E?

D6?D2?8 C:CD6> A6B6?42?22? ! """"""""""""""

/


A6>32?8E?2? ?2C:@?2= .. (@ D29E?

D6?D2?8 B6?42?2 D2D2 BE2?8 .. ?@ D29E?

D6?D2?8%6E2?82?(2C:@?2= ..(@D29E?

D6?D2?8+2D:7:<2C:*B@D@<@=%H@D@A252 %6B2?8<2%6B;2 %@?F6?C: *6BC6B:<2D2? 2?8C2 2?8C2 D6?D2?8 *6BE3292? #<=:> &6>32B2? (682B2 +6AE3=:< #?5@?6C:2 -29E?

(@>@B -B2?C232B2? (682B2 +6AE3=:< #?5@?6C:2 (@>@B ;E82 .. ?@ D29E?

D6?D2?8 *6B:>32?82? %6E2?82? '6B6<2 >6BEA2<2? 52C2B E?DE< A6B6?42?22? A6>32?8E?2? 526B29 C6A6BD: 52=2> .. ?@ D29E?

D6?D2?8 A6>6B:?D29 526B29 *6?86>32?82? +*$'( 5:52C2B<2? A252 +*$* 5: >2?2 %6>6?D6B:2? 6A2BD6>6? ?2C:@?2= >6?86>32?8<2? %& B6?CDB2 B6=6F2? 56?82? +*$'( C6CE2: 56?82? DE82C A@<@< 52? 7E?8C: >6B6<2 ,%* ;E82 >6?86>32?8<2? +6?CDB2 ,%* 36B52C2B<2? +*$' C6CE2: 56?82? DE82C A@<@< 52? 7E?8C: >6B6<2 +2?42?82? 2?882B2? ;E82 >6?8:<ED:<68:2D2?H2?8D6B42?DE>52=2>+*$' +6?42?2 A6?86>32?82? 3:2C2?H2 D6B5:B: 52B: 2?882B2? H2?8 5:ECE=<2? E?DE< AB@8B2> D6B42?DE> 52=2> B6?42?2 @=69 <2B6?2 :DE C2=29 C2DE CE>36B <6E2?82? E?DE< A6?8EB2?82? 6>:C:82CBE>29<242 252=29 2?882B2? *B@F:?C:*6>3:2H22? >6=2=E: 2?882B2?A6>6B:?D29:?: D6B<2:D 56?82? 22>AE2? AB@F:?C: 52=2> * 52? 52?2 * <2B6?2 :DE D:52< C6>E2 AB@F:?C: >6>:=:<: ;E>=29 36C2B 2?882B2? E?DE< >6?EDEA AB@8B2> 36B82?DE?8 A252C6=6>3282(2>E?:?F6CD2C:52=2><68:2D2?A6?8EB2?82?6>:C:82CBE>29 <242 5:A6B=E<2? E?DE< >6>2CD:<2? 329G2 A6>32?8E?2? 36B<6=2?;ED2? 52A2D 5:=2<E<2? A252 D:?8<2D AB@F:?C: ?882B2? A6>6B:?D29 AB@F:?C: D6B5:B: 52B: A6?52A2D2? A6?86=E2B2? 52? :?F6CD2C: *6?52A2D2? H2?8 5:92C:=<2? 52B: *6>6B:?D29 *B@F:?C: *6?52A2D2? C=: * 2?2 *6B:>32?82? 52?=2:? =2:?*H2?85:92C:=<2?>6=2=E::?:C:2D:752?<:?6B;27:C<2=A6>6B:?D29 *B@F:?C:H2?8C6;2E9:?:>2C:9>6>36B:<2?<@?DB:3EC:<64:=D6B9252A*2?2*6B:>32?82? 5:5:B:<2?C63282:>6<2?:C>6E?DE<>6>32D2C:<6C6?;2?82?2?D2B2526B29<2H252?>:C<:? "2= :?: E?DE< >6?5:CDB:3EC:<2? A6?52A2D2? <2H2 <6 G:=2H29 >:C<:? >6=2=E: A2;2< <63:;2<2? A2;232?82?D6B5:B:52B:328:92C:=A2;2< 328:92C:=3E<2?A2;2< 2?2=@<2C:.>E>. 52?2?2=@<2C:%9ECEC% %2=:>2?D2? -6?829 2<2? >6>6B=E<2? 5E<E?82? :?D6B?2C:@?2= ;2?8<2 A6?56< H2?8 C:8?:7:<2? E?DE< >6?HE6?4:AD2<2? <6C6;29D6B22? B6?529 <2B3@? *252 D29E? A6BD2>2 2?D2B2 ., C2>A2: 56?82? ;ED2 2<2? 5:A6B=E<2? E?DE< >6?6D2A<2?7E?8C: 7E?8C:<6C:2A2?52C2BE?DE<>6?5E<E?8A6BDE>3E92?B6?529<2B3@?2B: D29E? 3:2H2@A6B2C:@?2=D6BEC >6?6BEC>6?:?8<2D52?2<2?>6?42A2:2?D2B2.,

>:=H2B52?>:=H2B5:D29E? 56?82?2CE>C:C6=EBE9A@D6?C:A6?8EB2?82?C636C2B 'D )636B92C:=5:42A2: 02=2EAE? <6C6=EBE92? <63EDE92? 52?2 >6BEA2<2? 92= H2?8 CE3CD2?C:2= 3:2H2 A6B D)6 D6B<EB2?8 B6=2D:7 B6?529 ,63282: 4@?D@9 5: D29E? D@D2= 3:2H2 A6?8EB2?82? A6B D)6 D6B<EB2?8 D6B>2CE< 3:2H2A6=26?86CD:>2C:3:2H2D6:CD6B=6A2C52B:3:2H2A6=22C: 2G2= >6?E?;E<<2? 329G2 D2?A2 5E<E?82? 7:?2?C:2= 2D2E CE>36B CE>36B D2>3292? A6BDE>3E92? 6<@?@>: =2?8<29 =2?8<29 ! """"""""""""""

/


A6?8EB2?82?<2B3@?:?:52A2D>6?8EB2?8:A6?892C:=2?B::= A6B<2A:D2A252D29E? C2>A2: =63:9 52B: A6BC6? 5: %2=:>2?D2? -6?829 <2B6?2 <6=2>32?2? C66?892C:=<2?<2B3@?52?3:2H2 3:2H2A6=2C:<2? 36B92C:= 5:2>3:=?H2 A6=E2?8A6BDE>3E92?C62<2A6?892C:=2?B2D2 B2D2B::=A6B<2A:D2A252D29E? 5: %2=:>2?D2? -6?829 52A2D 5:D:?8<2D<2? >6?;25: C6<:D2B C2>A2: A6BC6? 5: 2D2C <2CEC 52C2B -@D2= 3:2H2 A6?8EB2?82? >6?42<EA 3:2H2 D6:C2=?H2 3:2H2 E?DE< >6>2C2?8 D6:C: H2?8 C6A2DED?H2 368:DE ;E82 56?82? 3:2H2 A6=2E> H2?8 5:3EDE9<2??2>E?D:52:C2=?H2 B6?42?2D2D2BE2?8 :2H2 CA6C:7:< A6?8EB2?82? >6BEA2<2? 3:2H2 D2>3292? E?DE< C<6?2B:@ , H2?8 C642B2 =2?8CE?8 D6B<2:D 56?82? A6?42<EA2? A6=E2?8 A6?8EB2?82? CA6C:7:< :2H2 :?: >6?E?;E<<2? A6>32H2B2? <6>32=: <E>E=2D:7 D29E?2? E?DE< A6?86=E2B2? >@52= 52? @A6B2C: 9:?882 D29E? :2H2 3:2H2 D6BC63ED D6B>2CE< 3:2H2 A6?882?D: H2?8 >E?8<:? 5:<6=E2B<2? C6=2>2 :>A=6>6?D2C: ,63282:4@?D@9 >6?89:?52B:B63@:C2C:56?82?>6?886C6BA6?86>32?82?=292? A6B<63E?2? 2D2E =252?8 <2HE <6BD2C A252 =292? H2?8 BEC2< >6>3EDE9<2? 3636B2A2 36?DE< A6>32H2B2? C63282:<@>A6?C2C:328:A6>682?8<@?C6C:E?DE6B6<2H2?89:=2?8 56?82? D:52< >6=2<E<2? A6?632?82? A@9@? 5: 9ED2? 9ED2? D6BC63ED :2H2 C@C:2= =63:9 =E2C >:C 3:2H2 52>A2< <632<2B2? 9ED2? 52? =292? 82>3ED A252 <6C692D2? 52? 6<@?@>: H2?8 >E?8<:? 63:9>6?8E?DE?8<2?328: >2CH2B2<2D H2?8=63:9=E2CD:52<5:>2CE<<2?5:<2B6?2<2? <6D:526>7@<EC<2? 2?2=:C2 92?H2 A252 3:2H2 =2?8CE?8 D2>3292? H2?8 >E?8<:? 5:9252A: *6>6B:?D29 >2EAE? C63:2H22? ;E82 D:52< D6B>2CE< 2<:32D <6D:526D@56 A6>3:2H22? >:C 92< :?D6B?2C:@?2= A6>3:2H22? A6>6B:?D29 :?F6CD2C: C63ED *6B<:B22? 3:2H2 92?H2 D6B5:B: 52B: :?F6CD2C: =2?8CE?8 H2?8 5:3EDE9<2? E?DE< >6?82D2C: <632<2B2? D2?2>2? >:C2= A6B2=2D2? 52? A6=2D:92? 328: 2?88@D2 A6>252> <632<2B2? >6>32?8E? C:CD6> :?7@B>2C: <632<2B2? 52? :?7B2CDBE252> C6A6BD: CE>EB :2H2 :?: D:52< D6B>2CE< =2?8<29 2?D2B C66=2<E<2? <2>A2?H6 :?7@B>2C: 52? A6=E?4EB2? AB@8B2> =2H2?2? =2?;ED2? E?DE< >6?5E<E?8 >6D@56 D2?A2 A6>32<2B2? E?DE< AB@C6C A6>3632C2? =292? 5:>2?2 3:2H2 D6BC63ED D:52< =2?8CE?8 <6 A6?468292? <632<2B2? 7:C:< >6B6<25:D2?8<2AC642B236B3652 :2H2A6B<:B22?;E82D:52<>6>2CE<2?3:2H2C@C:2==2:?D6B<2:D56?82?<632<2B2?>:C2=3:2H2 52>A2< <632<2B2? 9ED2? 52? =292? 82>3ED A252 A6?5:5:<2? 52? 6<@?@>: :2H2 H2?8 5:C65:2<2? 36B<:C2B 52B: A6B<:B22? B6?529 2<9:B H2?8 5:7@<EC<2? 92?H2 E?DE< >6?89252A: <632<2B2? C6>6?D2B2 A6B<:B22? D:?88: 2<9:B 36BDE;E2? >6?46829 D6B;25:?H2 <632<2B2? C642B2 D@D2= ,E>36B :?7@B>2C: ED2>2 D6B>2CE< 52=2> +6?42?2 #?5E< +6923:=:D2C: 52? +6F:D2=:C2C: 0:=2H29 *B@H6< 6D@5@=@8:AB@H6<$*'@B82? ' C6BD2G2G2?42B2 56?82? A2B229=:A6?468292?<632<2B2?52B:*+#&

! """"""""""""""

/


'6?8EB2?8: 567@B6CD2C: 9ED2? >6=2=E: <63:;2<2? 2=@<2C: =292? H2?8 =63:9 6766?:?8<2D<2? AB@5E2CE< A6>32H2B2? <@>A6?C2C: 328: A6>:=:< =292? H2?8 2<2? 5:<@?F6BC:<2? >6?;25: =292? A6B<63E?2? 2D2E =252?8 A@9@? <2HE 6C2B?H2 A6>32H2B2? <@>A6?C2C: 36B3652 C642B2 C:8?:7:<2? 36B52C2B<2? 92C:= A6B<63E?2? 2=2> =2A@B2? :?: 5:2CE>C:<2? 329G2 >2H@B:D2C A6B<63E?2? 32BE 52A2D 5:2=@<2C:<2? <6 =292? BEC2< 52? A2B2 A6>682?8 92< =292? 92?H2 2<2? 5:36B: <@>A6?C2C: 2D2C <69:=2?82? A6?52A2D2? E?DE< C2DE <2=: A6?;E2=2? A6A@9@?2? 3E<2? 2D2C <6C6=EBE92? <6BE8:2? A6?52A2D2? 52B: AB@5E6?:>3E=<2? 3:2H2 H2?8 ;2E9 =63:9 B6?529 52B:A252 3:2H2 H2?8 5:D:>3E=<2? A252 A6?56<2D2? 3:2H2 A6=E2?8 A6?E9 5: >2?2 A6>682?8 <@?C6C: 2<2? >6?6B:>2 A6>32H2B2? 2D2CA6?892C:=2? >6?52D2?8?H2H2?89:=2?8 +6923:=:D2C: =292? 82>3ED H2?8 D:52< 5:A2<2: 2D2E BEC2< *6B<:B22? 3:2H2 36B52C2B<2? :?7@B>2C: 52B: +6?42?2 #?5E< +6923:=:D2C: 52? +6F:D2=:C2C: 0:=2H29 *B@H6< 3EDH2?8BEC2<5:%2=:>2?D2?-6?829 *6?86=@=22? 9ED2? =6CD2B: '6=:AED: 3:2H2 A6>36=:2? A6B2=2D2? A2?6? A6B2?8<2D =E?2< A6B6?42?22?52?A6>32H2B2?<@>A6?C2C:2D2C<6BE8:2?A6?52A2D2?52B:A6?632?82?<2HE *6?89ED2?2? <6>32=: :2H2 A6?89ED2?2? <6>32=: B63@:C2C: 36B52C2B<2? 3:2H2 =2?8CE?8 H2?8 5:3EDE9<2? E?DE< >6?2?2> <6>32=: =292? 52? A252 2?882B2? A6B 966?D6B:2? %69ED2?2? 5: #?5@?6C:2 :2H2 D:52< =2?8CE?8 >:C2= A6B6?42?22? D2D2BE2?852?C6BD:7:<2C:=292?D:522CE<52?5:2D2C:56?82?3:2H272E> :2H272E>:2H2:?:>6BEA2<2?3:2H2D2>3292?H2?8A6?D:?8 E?DE< <636B92C:=2? <6C6=EBE92? CDB2D68: A6BDE>3E92? B6?529 <2B3@? D6D2A: D:52< C6>2D2

>2D2 D6B<2:DA252C2DEA6=E2?8A6?8EB2?82?D6BD6?DE :2H2 3:2H2A6?5E<E?8D6BC63EDD6B328: <6 52=2>DE;E9CE3<2D68@B: %6C:2A2? :?CD:DEC: 52C2B 3:2H2 D2>3292? D6B<2:D A6>36?DE<2? CDBE6?5E<E?8 A6BDE>3E92? <2B3@? B6?529 -6B>2CE< 5:52=2>?H2 3:2H2 A6>36?DE<2? 52? A6B6:<:2?AE=2 A6=2D:92?328: A2B2 A6;232DA6>6B:?D29*6B<:B22?3:2H25:82B:C32G29:E?DE<<6C:2A2?:?CD:DEC:@?2=36B52C2B<2? :?7@B>2C: 52B: +6?42?2 #?5E< +6923:=:D2C: 52? +6F:D2=:C2C: 0:=2H29 *B@H6< 2?D2? -6?829 6>:<:2? AE=2 3:2H2 D2>3292? D6=29 D6B>2CE< A6B6A:?2?<E?4:52=2>:?CD:DEC:A6=26?86=@=252?>6?5:CDB:3EC:<2?<6E2?82?3:2H2D2>3292?D6B<2:DEA2H2 >6?2B:< >:?2D A6>3:2H22? :?D6B?2C:@?2= E?DE< + /+ 52? ' 52? >6?86=@=2 C6BD2 >6?5:CDB:3EC:<2? <6E2?82? C642B2 DB2?CA2B2? 25:= 52? 67:C:6? *6B<:B22? 3:2H2 5:=2<E<2? 36B52C2B<2?:?7@B>2C: 52B:+6?42?2 #?5E<+6923:=:D2C: 52? +6F:D2=:C2C: 0:=2H29*B@H6<
52?62?D2?-6?829C6BD2D6B>2CE<3:2H2CA6C:7:< 5: D29E? A6BD2>2 52=2> >6?86>32?8<2? 52? >6?HECE? AB@8B2> A:=@D 8E?2 >6?8E;: ! """"""""""""""

/


<6B282>2?>@56=>2?2;6>6?52?5:CDB:3EC:E?DE<>6?8:56?D:7:<2C:>@56=H2?8A2=:?8D6A2D E?DE<%2=:>2?D2?-6?829 '@?:D@B:?852?6F2=E2C:3:2H2D6B<2:D56?82?A6>36?DE<2?82B:C52C2BD:?8<2DAB@F:?C:52? CD2?52B :>A=6>6?D2C: E?DE< A6?82G2C2? A6=2A@B2? 52? F6B:F:<2C: '+/ 36B9E3E?82? 56?82? A6?56<2D2? D:6B C63282:>2?2 5:C2B2?<2? @=69 #* 52? 36B52C2B<2? 52D2 52B: <@?CE=D2C: H2?8 36B32C:C 5: #?88B:C &-, #?D6B?2D:@?2= *6B<:B22? 3:2H2 5:52C2B: @=69 2CE>C: 329G2 %2=:>2?D2? -6?829 92BEC 52A2D >6>6?E9: D:?8<2D2? CD2?52B CD:>2C: 3:2H2 D:?8<2D B6?529 56?82? 2CE>C: 329G2 %2=:>2?D2? -6?829 >2>AE >6>32?8E? :?7B2CDBEC: 329G2 C:CD6> '+/ =6?8<2A 92BEC >E=2: 5:36?DE< 52B: 2G2= ,2C2B2? C<6>2 A6=2A@B2? D:?8<2D2? 2<2? >6>E?8<:?<2? %2=:>2?D2? -6?829 D6B=:32D 52=2> A6B5282?82? <2B3@? %2=:>2?D2? -6?829 ;E82 >6BEA2<2? C2C2B2? A6?56<2D2? A2BD:C:A2C: 52=2> 3636B2A2 DE82C :?F6?D2B:C2C: 4@?D@9 A6?82>3:=2? C2>A6= 5: =2A2?82? H2?8 2<2? 5:2>3:=2=:9@=69>2CH2B2<2DH2?8D:?882=5:56<2D G:=2H299ED2?*6?56<2D2?A2BD:C:A2C::?: >6>:=:<: <6=63:92? H2:DE >2CH2B2<2D 52A2D D6B=:32D =2?8CE?8 52=2> <6C6=EBE92? AB@C6C '+/ 328:2? A6?52?22? 2<2? >6?82=:B <6 >2CH2B2<2D 52? =2A2?82? A6<6B;22? 2<2? D6BC65:2 5: G:=2H29 D6BA6?4:= >6C<: 2<2? >6?82<:32D<2? C65:<:D A6?:?8<2D2? 3:2H2 ,63282:>2?2 %2=:>2?D2? -6?829 D6?829 >6?2?82?: C6328:2? 36C2B =292? 82>3ED H2?8 BEC2< A6?88E?22?52D252B:D6
5:2?882A 36B>2?722D C63282:>2?2 &:+ 52A2D >6?H65:2<2? :?7@B>2C: D6BA6B:?4: D6?D2?8 6>:C: 2<:32D <632<2B2? 52? 329<2? 56<@>A@C:C: 82>3ED *6?88E?22? &:+ >6BEA2<2?3:2H2'+/D6B36C2B52B:D@D2=3:2H2 %63:;2<2? 52? A6B6?42?22? 3:2H2 D2>3292? D6B<2:D A6>36?DE<2? D2?882A2? A6?82DEB2? E?DE<>6?5E<E?8A6?8EB2?82?<2B3@?52?>6>3E<2A6=E2?8A6?89:5EA2?36B<6=2?;ED2? -6B>2CE<5:52=2>?H23:2H2A6?86>32?82?D2D2BE2?852?C6BD:7:<2C:=292?*6B<:B22?3:2H2 E?DE< D2D2 BE2?8 36B52C2B<2? :?7@B>2C: 52B: +6?42?2 .>E> +6923:=:D2C: 52? +6F:D2=:C2C: 0:=2H29 *B@H6<2?D2?-6?829C6>6?D2B2 A6B<:B22? 3:2H2 E?DE< C6BD:7:<2C: =292? 5:A6B@=69 52B: D@=2< E<EB 2?< E?:2 2?< E?:2 >6?E?;E<<2? 329G2 3:2H2 C6BD:7:<2C: =292? B2D2 B2D2 >6?42A2: ., A6B 962CE< 3:2H2 :?7B2CDBE 92= %2=:>2?D2? -6?829 5:2CE>C:<2?329G2 A6BC6?52B:*B@F:?C:36=E>>6>:=:<:C6BD:7:<2C:H2?8;6=2C %6D6B=:32D2? >2CH2B2<2D 3:2H2 D2>3292? D6B<2:D 56?82? A6?86>32?82? 52? AB@C6C A6=22CH2B2<2D C6D6>A2D D6B>2CE< A6>36?DE<2? 3252? >2CH2B2<2D C6D6>A2D 8E?2 >6>36B: >2CE<2? D6B9252A CDB2D68: CDB2D68: C6BD2 >6?;2>:? A6BC6DE;E2? D6B3E<2 >6?5E<E?8A6BE3292?A6B:=2<E>6?E;EAB26?:?8<2D<2? A6?682<2?@=69>2CH2B2<2D=@<2=:2H2<6D6B=:32D2?>2CH2B2<2D5:6CA6C:7:<>6=:AED: A6?86>32?82? <6B2?8<2 <6B;2 <6D6B=:32D2? 36B3282: A6>2?8<E <6A6?D:?82? 5:5E<E?8 56?82? A6?E?;E<2? 72C:=:D2D@B >2CH2B2<2D ,63282: D2>3292? AB@8B2> <6D6B=:32D2? >2CH2B2<2D >6=:AED: 2=@<2C: CA6C:7:< >6?E;E A6?86>32?82? 52? >6>A6BD292?<2? <2>A2?H6:?7@B>2C:AE3=:< ! """"""""""""""

/


#?7B2CDBE3292?E?DE32?82?D62D2E :?7B2CDBE:C:?7@B>2C:A2C2B B68EA6>252><632<2B2? A6?5:5:<2? <6C692D2? 52? :?7B2CDE:C =:CDB:< ;2=2? B2H2 E?DE< >6?5E<E?8 A6?8EB2?82? 6>:C: 52? A6?89:5EA2? 36B<6=2?;ED2? :2H2 A6>32?8E?2? :?7B2CDE2 :?: 5:6A@<<2?C642B2 >6=E2C >6?;25: 6>A2D 2B62 AB@8B2> <6C692D2? >2CH2B2<2D 52? C2?:D2C: DB2?CA@BD2C: AB@H6<:?7B2CDBE2CH2B2<2DD6B>2CE<:?7B2CDBE3292? A6?5:5:<2? 52? A6?682<2? 9E<E> 5:9:DE?856?82? >6>A6B<:B2<2?36B2A23:2H2 E?DE<>6GE;E5<2?2=@<2C:2?882B2? %2=:>2?D2?-6?829328: A6?5:5:<2?52?A6?682<2?9E<E>9:?88252A2DC6D2B256?82?B2D2

B2D2?2C:@?2=36B252 A252<:C2B2? 52?9:?882A252<:C2B2?C6A6BD:82D6B2D2C2?D2B AB@F:?C:36B252A252<:C2B2? *6?86>32?82? CE>36B A6?89:5EA2? 36B<6=2?;ED2? 3:2H2 D2>3292? H2?8 36B9E3E?82? 56?82?A6?86>32?82?CDB2D68:C66BEA2<2?CE>36BA6?89:5EA2?36B<6=2?;ED2? 52?>6?2B:<>:?2D:?F6CD2C:328:AB:@B:D2C AB:@B:D2CA6BDE>3E92?H2?8D6B:56?D:7:<2C::2H2 E?DE32?82?CE>36BA6?89:5EA2?36B<6=2?;ED2?5:62CE< AB@8B2>E?DE36?DE<2? <@A6B2C: 52? EC292 <64:= C6BD2 >6?:?8<2D<2? A6>B@C6C2? 32B2?832B2?8 =@<2= :2H2 D2>3292? E?DE< >6>A6B<E2D 252? %@@B5:?2C: *6?2?2>2? '@52= *B@F:?C: %*' >6=2=E: A6?2>3292? A6BC@?:= 52? 2?882B2? E?DE< >6?5E<E?8 A6B2?2??H2 52=2>>6?2B:<>:?2D:?F6CD2C:32BED6B9252AAB@F:?C::?: *6?D:?8 E?DE< 5:D6<2?<2? 329G2 <:D2 D6=29 D6B7@<EC A252 A6B<:B22? 3:2H2 D2>3292? H2?8 D6B<2:D 56?82?>6?4:AD2<2?A6BDE>3E92?B6?529<2B3@?H2:DE5:2D2C2D2E>6=2>A2E:3:2H2 H2?8 >E?8<:? 5:<6=E2B<2? A6>6B:?D29 2D2E C6E>?H2 .?DE< 724D@B A6?5@B@?8C6A6BD::?7B2CDBE3292?2<2?C2?82D>6?2?D2?852? @=69 <2B6?2 :DE E?DE< :D6> 3:2H2 :?: <:D2 >6?82?52=<2? <@>3:?2C: 2?2=:C2 J@EDC:56 :?K C6BD2 G2G2?42B256?82?A2B2D6?28229=:=@<2= *6>2?722D2? 52?2 52?2 H2?8 36BCE>36B 52B: 52=2> ?686B: >2EAE? =E2B ?686B: 92BEC >6?8:<ED: >6<2?:C>6 C63282:>2?2 5:2DEB 52=2> A6B2DEB2? A6BE?52?8 E?52?82? 5: 3:52?8 A6?86=@=22? <6E2?82? ?682B2 ,642B2 E>E> 52?2 H2?8 5:<6=@=2 @=69 A6>6B:?D29 E?DE< >6>3:2H2:<68:2D2?A6?EBE?2?6>:C:!+%5:=2<E<2?>6=2=E:*(.?DE<>6>3:2H2:<68:2D2? H2?8 >6BEA2<2? 7E?8C: A6>6B:?D29 AEC2D 52?2 52B: *( 5:C2=EB<2? >6=2=E: 2?882B2? <6>6?D6B:2? =6>3282 32:< 52=2> 36?DE< 52?2 C632?DE2? ,652?8<2? E?DE< >6>3:2H2: <68:2D2? H2?8 >6BEA2<2? 7E?8C: 526B29 A6>3:2H22??H2 >6?88E?2<2? * %2B6?2 <6D6B32D2C2? <6E2?82? 526B29 D:52< D6BDEDEA <6>E?8<:?2? 252?H2 A6?2>3292? 52?2 52B: A6>6B:?D29 AEC2D >6=2=E: >6<2?:C>6 DB2?C76B 52?9:329

! """"""""""""""

/


*252 C22D :?: A6?82DEB2? A6?86=@=22? 9:329 H2?8 5:D6B:>2 52B: =E2B ?686B: 5:2DEB 56?82? *6B2DEB2? *6>6B:?D29 (@ D6?D2?8 -2D2 2B2 *6?82522? *:?;2>2? 52? 2D2E *6?6B:>22? ":329 &E2B (686B: C6BD2 *6?6BEC2? *"&( 12?8 5:D:?52<=2?;ED: 56?82? *6B2DEB2? '6?D6B: %6E2?82? (@ *'%

D6?D2?8 ,:CD6> <E?D2?C: ":329 C6BD2 *6B2DEB2? '6?D6B: **( %6A2=2 2AA6?2C (@

D6?D2?8 -2D2 2B2 *6B6?42?22? 52? *6?82;E2? .CE=2?C6BD2*6?:=2:2?%68:2D2?H2?85:3:2H2:52B:*"&(

"!$ (#$$$

'6>6D2<2? A6=E2?8 A6=E2?8 A6?8EB2?82? :?: 36B52C2B<2? D@D2= 3:2H2 A6?8EB2?82? 52? <6=2H2<2??H2 52A2D >6>32?DE >6>AB:@B:D2C<2? A6=E2?8 A6=E2?8 A6?EBE?2? 6>:C: E?DE< %2=:>2?D2?-6?829*6>6D22?:?:>6?892C:=<2?D:8242
A6=E2?85:<6=@>A@<<2?36B52C2B<2?D:?8<2D<6>E5292?A6=2E5:2? >6=:AED: A6=E2?8 A6=E2?8 36B52C2B<2?D632D2? A6=2A2:>6?6?829 52?3:2H2H2?8B6=2D:7B6?529<EB2?852B:.,A6BD@?6BC2>2 C2>2 A6=E2?8 A6=E2?8 :?:52A2D>6?892C:=<2?A6?EBE?2?D29E?2?C636C2B'D)6C2>A2:56?82?D29E? A6BC6?52B:A6B<:B22?6>:C:D29E? 2E5:2?>6?42<EAA6?86=@>A@<2? A6=E2?8 56?82?3:2H2>6?6?829 >E529H2?8>6?892C:=<2?A6?8EB2?82?56?82?3:2H2 H2?8B6=2D:7 B6?529<EB2?852B:.,A6BD@?56?82?92>32D2?A6=2A2: C652?8 2D2EH2?8>EB29D6D2A:=63:9CE=:DE?DE<5:=2292=D6D2A:=63:9>E529 E?DE< 5:=22 C2>2 A6=E2?8 A6=E2?8:?:52A2D>6?892C:=<2?A6?EBE?2? D29E?2? C636C2B

'D)6C2>A2:56?82?D29E? A6BC6?52B:6CD:>2C:6>:C:D29E? 5:>2?23:2H236B<:C2B52B:., I .,52?B2D2 B2D2.,A6BD)6D6B<EB2?8 26?42<EA A6=E2?8A6=E2?8 H2?8A2=:?8>6?2?D2?8 I A6=E2?8 A6=E2?856?82?3:2H2D:?88:52?56?82?92>32D2? H2?8 36C2B <2B6?2 D6 =2H2< 2D2E <2B6?2 >6>:=:<: B:C:<@ A6B6?42?22? 52? <63EDE92? AB2C2B2?2 H2?8 36C2B 6BC2>2 C2>2 A6=E2?8 A6=E2?8 :?: 52A2D >6?892C:=<2? A6?EBE?2? D29E?2? C636C2B

'D)6 C2>A2: 56?82? D29E? A6BC6? 52B: 6CD:>2C: 6>:C:D29E? ! """"""""""""""

/


,"#&"#$)( #>A=6>6?D2C:A6BDE>3E92?B6?529<2B3@?92BEC5:=2<E<2?C642B236BD292A H2?82<2?5:CECE? 52=2>3636B2A272C636B:<ED

2C6# $2?E2B: 6C6>36B >6=:32D<2?7:?2=:C2C:CDB2D68:A6BDE>3E92?B6?529<2B3@? H2?8 >6?8:56?D:7:<2C:A6=E2?8 A6=E2?836C2BE?DE3E92?C62C: 3:2H2

3:2H2D6B<2:D

2C6 $2?E2B: I $E?: >6=:32D<2? A6?86>32?82? CDBE6?2B:< A6>3:2H22? :?D6B?2C:@?2= 52? >6?5E<E?8 A6BDE>3E92? B6?529 <2B3@? C6>6?D2B2 5:=2<E<2? A6=E?4EB2? 3636B2A2 :?:C:2D:7 A6?8EB2?82? AB:@B:D2C %68:2D2?

<68:2D2?:?:>6?42<EA7:?2=:C2C:CDBE

2C6 $E?: I 6C6C6>36B >6=:32D<2? A6=E?4EB2? AB@8B2> A6B4@?D@92? E?DE< >6?5E<E?8 A6BDE>3E92? B6?529 <2B3@? ,6D6=29 A6B4@?D@92? 52? D:?;2E2? A6=2;2B2?

A6=2;2B2? H2?8 5:A6B@=69 5:82>32B<2? 329G2 2<2? D6B52A2D A6>32?8E?2? AB@8B6C:7 A6B4@?D@92? A6B4@?D@92?=2:?A252D29E? 56?82?DB2?C:C:H2?8>6?E;EA6?56<2D2? 5:D:?8<2DAB@F:?C:A252D29E?

! """"""""""""""

/

%.2:68#.5/.363**5 %*47*0 (0$1)$$6$1/,0%$++$5,/ 3(0%7.$$1/$+$17167. %$+$13(0%7$6$1 .20325 (0%$1*71$15$4$1$ 34$5$4$1$$,4/,0%$+ '(1*$15:56(0 2))5,6( '$1 215,6( (1*$9$5$1(*,$6$1 3(0%$.$4$16(4%7.$ 23(1 %741,1*5$03$+ (1,1*.$6$1.$3$5,6$5 3(1*(/2/$$15$03$+

% &% %.2:68&.8:;:;7963*:.%.,:68

(1*(0%$1*.$1 3(1(4$3$1.(%,-$.$1 /,1*.71*$1+,'73 7167. 34,15,3 4('7&(4(75( 4(&:&/('$/$0

!"

" "

" "

" "

"

"

#%!

>

>

>

>

>

>

>

>

>

#&!$( &%)!$'!"!#$($$

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

+++++++++++++++++++++++++

>

>

>

>

(

>

>

>

>

%' $ ) # !&%&'! #!!!

&*+.3 *:812$$ #86<1591*314*5:*5&.5/*0&*0;5 ?*5/1;8*12*5.8-*9*82*5 291 1:1/*91 .4+*/*#.3*29*5*%;4+.8#.5-*5**5-*5*-=*3 473.4.5:*91#.3*29*5**55?*

&*+.3 *:812$$

++++++++++++++++

3(1*(/2/$$13(45$03$+$1 (1*74$1*$15$03$+ 4('7&('$4,570%(41:$ 5(%$1:$.071*.,1 ',*71$.$1.(0%$/,4(75( '$1','$747/$1*4(&:&/( 5(%(/70',$1*.76.( (1,1*.$6$10(62'$ 3(1*(/2/$$1*$55$03$+ /$1'),//*$5 < 0(/$/7, 3(1*7037/$1'$1 3(0%$.$4$1$6$70(/$/7, 3(1(4$3$1 (1(4*:4(&28(4: 5:56(0 (1*(0%$1*.$1 6(.12/2*,3(1*(/2/$$1 5$03$+:$1*4$0$+ /,1*.71*$1'$1$16,5,3$6,) 6(4+$'$33(47%$+$1,./,0 (1*(0%$1*.$1 6(.12/2*,3(1,1*.$6$1 .7$/,6$5/$1'),// 21642//('$1'),// 7167..26$.(&,/'$1 0(1(1*$+$1,6$4: $1'),//7167..26$ %(5$4'$1.26$ 0(64232/,6$1 (1*+(16,$13(1 703,1* >

" "

" "

" "

>

>

>

>

#&!$( &%)!$'!"!#$($$

>

>

>

" "

++++++++++++++++

>

>

>

>

>

>

>

>

+++++++++++++++++++++++++

>

>

(

>

>

(1:7571$1'$1 3(1*(0%$1*$1 42$'0$33(6$-$/$1 =4((11'7564:>'$1 ,03/(0(16$5,1:$

(1,1*.$6$1 &$3$&,6: %7,/',1* %$*,$3$4$6

%.2:68&.8+;2*"7.5 %.,:68 %.2:685-;9:81 (1:7571$1.(%,-$.$1 6(.1,53(1*74$1*$1(0,5, ',,1'7564

$5,/,6$5,'$1,15(16,) 3(1*(0%$1*$16(.12/2*, /29&$4%21 '$14$0$+ /,1*.71*$1',,1'7564 215(48$5,'$17',6 1(4*,,1'7564

(1:,$3.$1,156$15,:$1* %(46$1**71*-$9$%7167. 0(1*(/2/$/,0%$+3$'$6 '$1/$:$1$1$,4/,0%$+ '$13(1(4%,6$1,;,1 (0)$5,/,6$5,4(52/75, .21)/,.',5(/747+ .$%73$6(1.26$7167. 3(40$5$/$+$15$03$+ 3$'$6

!

! !

>

>

>

>

>

>

>

>

>

>

>

>

#&!$( &%)!$'!"!#$($$

>

>

>

" "

" "

" "

" "

++++++++++++++++

>

>

>

>

>

>

>

>

>

>

>

>

>

+++++++++++++++++++++++++

>

>

>

(

>

>

>

(0%$1*71$1

%.2:68&8*59768:*91 (1(4$3$1(1*(1'$/,$1 $03$.$/7,16$5 4$)),&03$&6 21642/

(4(0$-$$1$40$'$ $1*.76$17070 (0$5$1*$1 218(46(4,6 $5,),.$5,$1*.76$1 7070 42*4$03(/$6,+$1'$1 525,$/,5$5, 50$46'4,8,1* (&2'4,8,1*

6$1'$4(0,5,7167. .(1'$4$$1%(402624

(0$16$7$1'$1(8$/7$5, 342*4$00,6,*$5,

3(0(4,16$+'$13(/$.7 ,1'7564 $5,/,6$5,'$13(0%(4,$1 15(16,)7167. 3(170%7+$11'7564, (1*(/2/$$1,0%$+ 1'7564, 18(1624,326(15,(0,5, 3$'$5(.624,1'7564

! !

" "

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

#&!$( &%)!$'!"!#$($$

>

""

>

"" ""

>

>

>

>

""

!

++++++++++++++++

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

+++++++++++++++++++++++++

>

>

>

>

>

>

>

(

>

>

>

>

>

>

>

>

%.2:68*47;8*5 !*

(1:(/(1**$4$.$1 3(/$6,+$1%$*,3(0(4,16$+ '$(4$+'$/$00(/$.7.$1 &(.(0,5,5(%$*$,%$*,$1 '$4,3(1*(0%$1*$1 .$3$5,6$5 (1*(0%$1*.$1 .(%,-$.$13428,15,', 5,56(0 64$153246$5,7070 %(4'$5$4.$14(1&$1$ 1$5,21$/ 1,5,$5,64$153246$5,7070 0$55$5,56(064$15,6 42*4$03(1**$16,$1'$4, $1*.76$17070 .(1'$4$$1/$0$7167. .(1'$4$$1%$47:$1* /(%,+ %(),5,(1 (1*(0%$1*.$1 .(%,-$.$13428,15,3$'$ 9$.67&+(&.(0,5,7167. .(1'$4$$1%(402624 %(4'$5$4.$156$1'$4 1$5,21$/

3(1,1*.$6$1'$1 34(5(48$5,-$/$1 1,5,$5,'$10(/$.7.$1&(. (0,5,*4$6,57167.7070

" "

"" ""

>

>

>

>

>

>

>

>

>

#&!$( &%)!$'!"!#$($$

""

" "

" "

""

++++++++++++++++

>

>

>

>

>

>

>

>

>

>

+++++++++++++++++++++++++

>

>

(

>

>

>

>

%.2:68.0;:*5*5 $5,/,6$5,'$13(/$.5$1$$1 4(+$%,/,6$5,+76$13$'$ 34,24,6$5

$5,/,6$5,4(+$%,/,6$5,/$+$1 .4,6,53$'$34,24,6$5 $5,/,6$5,3(1*(0%$1*$1 +76$1.26$ (1,1*.$6$1(5$67$1 (1*(/2/$$176$1 (1(6$3$19,/$:$+

(1*(1'$/,$1 $6$7$1* 9,/$:$+:$1*6(/$+ ',6(6$3.$1 (1*(1'$/,$1(%$.$4$1 76$1 (021564$6,21&6,8,6,(5 (4&(3$6$1(1(6$3$1 (4'$ #428,15,'$1 $%73$6(126$%(4%$5,5 $-,$1,1*.71*$1,'73 64$6(*,5 215(48$5,+76$1 '$1/$+$14$9$16(4%$.$4 0(/$/7,3(0%(4,$1,15(16,) .(3$'$0$5:$4$.$6 (+$%,/,6$5,/$+$1475$. 4$9$16(4%$.$40(/$/7,

(%&

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

#&!$( &%)!$'!"!#$($$

"!

>

>

>

"!

>

"! "! "

>

>

"!

>

"! "! "!

>

"!

++++++++++++++++

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

+++++++++++++++++++++++++

>

>

>

>

>

>

>

(

>

>

>

>

>

>

>

3(1$1$0$16$1$0$1 .$:7 $5,/,6$5,3(1(6$3$1$4($/ .(4-$'$13(1*(/2/$$1 +76$1.(0$5:$4$.$6$1 0 $5,/,6$5,3(0%$1*71$1 +76$14$.:$6.(0,64$$1 $5,/,6$5,3(1(6$3$1$4($/ .(4-$+76$1'(5$ (0%(4$16$5$1 ,//(*$/ /2**,1* (1&(*$+$1 .(+,/$1*$1.$:7 (1$1*$1$1(4$0%$+$1 76$1'$1(1$1*$1$1 21)/,.$9$5$1 ,1'71* '$1215(48$5, (1,1*.$6$1(5$67$1 (1*(/2/$$176$1 (1(6$3$19,/$:$+ (1,1*.$6$1(5$67$1 (1*(/2/$$176$1 (1(6$3$1 (1,1*.$6$1(1*(/2/$$1 76$1/$042'7.5, (/$/7,0(/$/7, (1*(/2/$$176$1/$0 '(1*$1! (1,1*.$6$1(1*(/2/$$1 76$1 $1$0$10(/$/7, 3(1$0%$+$14($/

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

#&!$( &%)!$'!"!#$($$

"!

"!

"! "!

"!

"! "! "!

"!

++++++++++++++++

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

+++++++++++++++++++++++++

>

>

>

>

>

>

>

(

>

>

>

>

>

>

>

(1,1*.$6$170/$+!1,6 !(45(46,),.$6 '$4, $+71

(1,1*.$6$142'7.5, (1(%$1*$1 (45(46,),.$6 (*$/,6$5$:7

(0%7$6$1(6$4($/ (4-$(1&$'$1*$1 ! 0 '$176$1(5$

(1*(1'$/,$1(1**71$$1 $9$5$176$1

(1:(/(5$,$13(402+21$1 -,1$.$,$9$5$1 76$1 '(1*$1.203(15$5,

$6$'$11)240$5, (1**71$$1$9$5$1 76$1

$5,5'$6$53$5,$/ :$1* 6(4,16(*4$5,

(1(/,6,$1'$1 (1*(0%$1*$1(+76$1$1 '$1(47%$+$1./,0

(1:(/(5$,$1.$575 3(4$0%$+$1+76$1 (1(6$3$1#,/$:$+ $0$1$5,21$/7.,6

$1$0$1

(1'$6$$1'$11)240$5, ,'$1*(1$6$$17$1*

> >

"! "!

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

#&!$( &%)!$'!"!#$($$

>

>

"! "!

>

"! "!

>

"!

>

"!

>

>

>

"!

" "!

++++++++++++++++

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

+++++++++++++++++++++++++

>

>

>

>

>

>

>

>

>

(

>

>

>

>

>

>

>

>

(1:7571$14,6(4,$$.7

%.2:68*0*5*4+;: (1*(1'$/,$1(475$.$1 .25,56(0$0%76

(1*$9$5$13(0$1)$$6$1 47$1*'$1(8$/7$5, 3(0$1)$$6$147$1* (4'$5$4.$1 '$:$'7.71* '$1'$:$6$0371* /,1*.71*$1:$1*6(43$'7 '$1%(45,)$6/,16$5 (1*+,1'$4,'()24(56$5, :$1*6,'$.6(4(1&$1$ (1*(/2/$$1+76$1/(56$4, (1,1*.$6.$1 3(1*(/2/$$16$0$1 1$5,21$/.215(48$5, 1$5,21$/'$1+76$1 /,1'71* (1,1*.$6.$10$1$-(0(1 .215(5,3(1(%$1*$1 0,5$/1:$ 215(48$5,+76$1 &$'$1*$1.$4%21

$.$7.,6$:$'$1 (%$1*$7

" "

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

#&!$( &%)!$'!"!#$($$

>

"!

>

! "! "!

>

>

"!

"!

# ! " "

++++++++++++++++

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

+++++++++++++++++++++++++

>

>

>

>

>

>

(

>

>

>

>

>

>

%.2:68#.8:*51*5 (0$1)$$6$13737. 24*$1,.'$1%,23(56,5,'$

(475$.$1.25,56(0 $0%76 (1$1*$1$13(4$0%$+$1 .$9$5$1+76$1*$0%76 18(16$4,5$5,'$1 3(0(6$$1.(5$67$1 +,'42/2*,5(.25,56(0 *$0%76 18(16$4,5$5,'$1 3(0(6$$1.$4$.6(4,56,. (.25,56(0*$0%76 (1,1*.$6$14(+$%,/,6$5, '$13(0(/,+$4$$1-$4,1*$1 4(./$0$5,4$9$6(40$57. /$+$1%(4*$0%76:$1* 57'$+$'$ (+$%,/,6$5,4(./$0$5,'$1 4(8,6$/,5$5,/$+$1*$0%76 6(4/$16$46(4'(*4$'$5, 3$'$$4($/3(46$1,$1 (1*+,1'$4,'()24(56$5, :$1*',4(1&$1$.$13$'$ *$0%760,5$/1:$6$1$+ 59$3 (1,1*.$6.$10$1$-(0(1 3(1*(/2/$$1*$0%76', /$+$1+76$1

!

"!

"!

"!

"!

"!

" " "! "!

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

#&!$( &%)!$'!"!#$($$

++++++++++++++++

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

+++++++++++++++++++++++++

>

>

>

>

>

>

(

>

>

>

>

>

>

'$/$0%7','$:$6$1$0$1 7167.0(1&(*$+ /$-73(1,1*.$6$1(0,5, 0(/$/7,3(1**71$$1/$6 (1*2/$+737.4*$1,. (1:,$3$1/$+$16$13$ %$.$4'$1236,0$/,5$5, 3(0$1)$$6$1/$+$1 (0$1)$$6$1 .2624$174,1(6(41$.'$1 /,0%$+3(46$1,$17167. %,2*$5%,2)7(/'$13737. 24*$1,. (1(4$3$16(.12/2*, %7','$:$6$1$0$17167. 0(1*74$1*,*$5470$+ .$&$ (4%$,.$1'$1 3(0(/,+$4$$15,56(0 ,4,*$5, (1(4$3$13(0%7.$$1 /$+$16$13$%$.$4 0(/$/7,3(0%7$6$1 .20325$4$1*'$1%4,.(6 $4$1* (1(/,6,$15:56(0 3(1*(/2/$$1$,43$'$ '$(4$+,4,*$5, (1(/,6,$1'$1 3(1*(0%$1*$16(.12/2*, 4(1'$+(0,5,0(62'2/2*, ! ! ! !

" ! !

! !

! ! ! !

!

>

>

>

>

>

>

>

>

>

>

>

>

>

>

#&!$( &%)!$'!"!#$($$

>

>

>

>

>

>

>

++++++++++++++++

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

+++++++++++++++++++++++++

>

>

>

>

>

>

>

(

>

>

>

>

>

>

>

(0$1)$$6$13737. 24*$1,.'$13(56,5,'$ +$:$6,$*(15+$:$6,'$/$0 .(*,$6$1%7','$:$ 6$1$0$13$1*$17167. 0(1(.$1/$-7(0,5, (*(0%$1*$1%7','$:$ 6$1$0$13$1*$1'(1*$1 7167.0(1*74$1*,/$-7 (0,5, (0$1)$$6$1.2624$1 74,1(6(41$.7167. %,2*$5%,274,1( (46(07$1.224',1$5, 3(1*(1'$/,$1.(%$.$4$1

"5(.6243(46$1,$1 (1*(0%$1*$1$4($/ 3(4.(%71$15$9,6.$4(6 .$.$2',/$+$16,'$. %(4+76$1/$+$1 6(4/$16$4/$+$1 6(4'(*4$'$5, (1(4$3$1 3(0%7.$$13(41:,$3$1 /$+$16$13$%$.$40(/$/7, 3(0%,1$$13$'$/$+$1 (1*74$1*$1'()24(56$5, 0(/$/7,236,0$/,5$5,/$+$1

! ! ! ! " ! ! "

>

>

! !

>

>

>

>

>

>

>

>

>

>

>

>

>

#&!$( &%)!$'!"!#$($$

>

>

>

>

! !

"

++++++++++++++++

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

+++++++++++++++++++++++++

>

>

>

>

>

>

>

(

>

>

>

>

>

>

>

(1*(/2/$$1/$+$1*$0%76 7167.3(46$1,$1 %(4.(/$1-76$1

$1$-(0(1/$+$1 3(46$1,$1

$0%$+$13(4/7$5$1$4($/ .$4(63$'$/$+$1121 +76$1 (0$1)$$6$13737. 24*$1,.'$13(56,5,'$ +$:$6,$*(15+$:$6,'$/$0 .(*,$6$1%7','$:$ 6$1$0$13$1*$17167. 0(1(.$1/$-7(0,5,

(1*(0%$1*$15:56(0 ,16(*4$5,6$1$0$16(41$.

/$+$1.(%71 15(16,)%(1,+%$*, 3(6$1,3(.(%71:$1* 0(1(4$3.$1 .$4(6 .(/$3$5$9,6 (/$6,+$13(1*(1'$/,$1 .(%$.$4$1 (1*$'$$13(4$/$6$1 64$&.624'$107/&+(4

>

>

>

>

>

>

>

>

>

>

#&!$( &%)!$'!"!#$($$

>

>

>

! ! ! ! ! !

>

>

>

>

>

>

>

>

>

! !

"! ! ! "

! ! !

++++++++++++++++

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

>

+++++++++++++++++++++++++

>

>

>

>

>

>

>

(

>

>

>

>

>

>

>

!$! !" ).) %-%1).3!( 1/5).2) !,)-!.3!. %.'!( -%-"4!3 1%.#!.! 0%-!.3!4!. $!. %5!,4!2) 0%,!+2!.!!. !+2)!+2) -)3)'!2) 7!.' 3%1$!0!3 $) $!,!- $!. -%,!0/1+!..7! -%,!,4) !00%$! 3%.3.!' (!2), 0%-!.3!4!. 3%12%"43 +%0!$! ,%-"!'!,%-"!'! 3%1+!)3 "!)+ $)3).'+!3 042!3 -!404. $)3).'+!3 01/5).2)2%13!-%.'+/-4.)+!2)+!.(!2),3%12%"432!-0!)+% 3).'+!3+!"40!3%.+/3!4.34+-%.$!0!3+!.3).$!+,!.*4340!7!0%.414.!.%-)2)

%.#!.! +%')!3!. -/.)3/1).' %-)2) '!2 14-!( +!#! 7!.' !+!. $),!+4+!. 2%3)!0 3!(4. /,%( 4.241 0%-%1).3!( 26!23! $!. /1'!.)2!2) +%-!27!1!+!3!. 7!.' $)+//1$).!2)+!. /,%( !$!.).'+4.'!.)$40%-%1).3!( 1/5).2)!,)-!.3!.%.'!( !$!,!( %,!+4+!.0%1()34.'!.%-)2)'!214-!(+!#!2%3)!03!(4. %,!+4+!. 0%.'%-"!.'!. $!3! $!2!1 %-)2) '!2 14-!( +!#! 2%#!1! ,%")( 20%2)&)+ -%.$!,!-$!.+/-01%(%.2)&

%,!+4+!. 0%.%3!0!. 3!1'%3 0%.414.!. %-)2) '!2 14-!( +!#! 7!.' $)34!.'+!. $!,!%.#!.! %-"!.'4.!. !.'+! !.*!.' $!. %.#!.! %-"!.'4.!. !.'+! %.%.'!(!%1!(%-%1).3!(1/5).2)!,)-!.3!.%.'!( %-!24++!. +%')!3!. !+2) -)3)'!2) 7!.' 3%134!.' $!,!- $!. +%$!,! $!.

! .34+ -%.$4+4.' 0%,!+2!.!!. -/.)3/1).' $!. %5!,4!2) 0%1,4..7! $)"%.34+ /14- 4,3) )(!+ 7!.' $!0!3 -%,!+4+!. +!*) 4,!.' $!. 0%1"!)++!. 0%,!0/1!. %,!.*43.7! $!0!3$)34!.'+!.$!,!- !2),,!0/1!.%5!,4!2)3%1(!$!0 (!142$)"!(!2

2%"!'!) "!(!. 0%14-42!. 0%1%.#!.!!. $!. +%")*!+!. 0%-"!.'4.!. %$!.'+!. +%')!3!. %5!,4!2).7!-%.#!+40(!,(!,"%1)+43 %,!+4+!.+/-0!1!2)$!.5%1)&)+!2)"!2%,).%$!3!24-"%1%-)2)'!214-!(+!#!7!.'3%,!( $)2424.$!.$)+%-"!.'+!. %,!+4+!. +/-4.)+!2) %$4+!2) $!. 0%.7!$!13!(4!. +%0!$! 0!1!0)(!+ 3%.3!.' 24-"%1 $!. "%2!1.7! %-)2) '!2 14-!( +!#! $%.'!. "%1"!'!) #!1! 7!.' 3%12314+341 $!. -4$!( $)0!(!-)4.34+-%.$!0!3+!.$4+4.'!.3%1(!$!0!+2)0%.414.!.%-)2)'!214-!(+!#!

%,!+4+!. %5!,4!2) 3%1(!$!0 $/+4-%. $!. 1%5)2) 3%1(!$!0 -)3)'!2) 2%13! 0%1"!)++!.3%1(!$!0"%1"!'!)+%")*!+!.$)$!%1!($!,!--%.$4+4.' 5!,4!2)3%1(!$!0 (!142$))+43)$%.'!.%5!,4!2)3%1(!$!0+%")*!+!.0%-"!.'4.!. $!%1!( 2%+3/1!, 7!.' "%1"!2)2 20!2)!, 2%13! 0%1,4.7! 0%1%.#!.!!. 7!.' $)$4+4.' /,%( 0%.'!.''!1!.7!.'*%,!2

" ;;;;;;;;;;;;;;;;;;;;;;;;

!

(0(4,16$+ 428,15, $/,0$16$1 (1*$+ '$1 &,15(: 2 (1&,36$.$1 (5(-$+6(4$$1(1'$+$4%21',$/,0$16$1 (1*$+$.$46$ $/$0$1 ! # (0(16(4,$1 (+76$1$1 1'21(5,$ !1,%4$9 '$1 $/$, (5$4 (1(/,6,$1 '$1 (1*(0%$1*$1 70%(4 $:$ $+$1 (0(16(4,$1 (46$1,$1

&&2716$%,/,6: $1' 2&$/ (8(/ 1,6,$6,8( )24 ('7&,1* 0,55,21 )420 ()24(56$6,21 $1' (*4$'$6,21 ,1 1'21(5,$ $.$46$ (0(16(4,$1 (4(1&$1$$1 (0%$1*71$1 $5,21$/$'$1 (4(1&$1$$1 (0%$1*71$1 $5,21$/

('20$1 (1:7571$1 (1&$1$ .5, $(4$+ (17471$1 0,5, $5 70$+$&$$.$46$ $/$0$1 (0(16(4,$1 (4(1&$1$$1 (0%$1*71$1 $5,21$/$'$1 (4(1&$1$$1 (0%$1*71$1 $5,21$/

('20$1(/$.5$1$$1(1&$1$.5,(17471$10,5,$570$+$&$ $.$46$

$/$0$1 (0(4,16$+428,15,$/,0$16$1 (1*$+'$1&,15(:2

4((14296+,1$/,0$16$1 (1*$+$+$14(5(16$5,7%(4174$/6(1*',74%,1$/$1*.$$:$

GUBERNUR KALIMANTAN TENGAH PERATURAN GUBERNUR KALIMANTAN TENGAH NOMOR 36 TAHUN 2012

Recommend Documents