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(EW-RXIVIWWIERIMRIVREGLLEPXMK[MVOIRHIR:IVÇRHIVYRKHYVGLHMI-RMXMMIVYRK IMRIV VIKMSREPIR >YWEQQIREVFIMX MR HIV ;IMXIVFMPHYRK QY ZSV HIQ ,MRXIV KVYRHHIVHEYIVLEJXIR%FWMGLIVYRKIMRIV/SSTIVEXMSRWSVMIRXMIVYRKFIXVEGLXIX [IVHIR>YJVEKIRMWX[MIHMIMQ1SHIPPTVSNIOXVIEPMWMIVXIR/SSTIVEXMSRWERWÇX
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YRZSVLIVKIWILIRI7GL[MIVMKOIMXIRSHIV:IVQMXXPYRKWERJSVHIVYRKIRHEVWXIPPIR WSPPXI NIHSGL RMGLX QMX HEYIVLEJXIR %YJKEFIR FIXVEYX [IVHIR HMI J²V HMI -R WXERHLEPXYRKYRHHEW+IPMRKIRIMRIV>YWEQQIREVFIMXHIV;IMXIVFMPHYRKWERFMI XIV ZSR I\MWXIRXMIPPIV &IHIYXYRK [MVH )FIRWS Q²WWIR MR HIQ /SSTIVEXMSRW RIX^[IVO 1IGLERMWQIR IXEFPMIVX WIMR HMI WMGLIVWXIPPIR HE ZSV²FIVKILIRHI MRHMZMHYIPPI7GL[IVTYROXWIX^YRKIRHIV&IXIMPMKXIRRMGLX^YIMRIQ7GLIMXIVRHIW KIQIMRWEQFIKSRRIRIR)RX[MGOPYRKWYRH%FWXMQQYRKWTVS^IWWIWJ²LVIR(MI :IVIMRFEVYRKZSR6IKIPRJ²VHMI>YWEQQIREVFIMXMWXLMIV^YIMRIVWXIV;IK[IM XIVLMRQ²WWIRWMGLIVPMGL[IMXIVI%WTIOXI^YVHEYIVLEJXIR:IVEROIVYRKHIWOS STIVEXMZIR&I[YXWIMRWMRHIR1MXXIPTYROXKIV²GOX[IVHIR
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^IPRIR %RFMIXIVR RMGLX PIMWXFEV OERR NIHSGL MR HIV LMIV IVTVSFXIR >YWEQ QIREVFIMX^Y[IWIRXPMGLIR1EVOXZSVXIMPIRJ²VEPPI&IXIMPMKXIRJ²LVIR
)MRERKIQIWWIRIWYRH EYWKI[SKIRIW :IVLÇPXRMWHIV &IV²GOWMGLXMKYRK ZSR /YRHIRYRH%RFMIXIVMRXIVIWWIRFIMHIV/SR^ITXMSRZSR5YEPMJM^MIVYRKWER KIFSXIR MWX RYV EYJ HIV &EWMW IMRIV /SSTIVEXMSR QILVIVIV &MPHYRKWXVÇKIV Q¸KPMGL (EW 1SHIPPTVSNIOX LEX KI^IMKXHE HMI /SR^ITXMSR HIV &MPHYRKW ERKIFSXINIHIWIMR^IPRIR%RFMIXIVWMRIVWXIV0MRMIEYJHMI7YGLIREGLTEW WIRHIR%RKIFSXWRMWGLIREYWKIVMGLXIXMWXMRHIRIRWMGLHIV&MPHYRKWERFMIXIV EYJKVYRHWIMRIVFMWLIVMKIR0IMWXYRKWTSXIRXMEPIEQFIWXIRZIVSVXIROERR)M
RI WSPGLI %RKIFSXWTSPMXMO J²LVX YR[IMKIVPMGL ^Y IMRIV UYEPMXEXMZ HYVGLEYW ERWTVYGLWZSPPIREFIVHMIZSVLERHIRIRYRHMRWFIWSRHIVIRIYIRXWXILIRHIR
&IHEVJIRMGLXZSPPWXÇRHMKIVJEWWIRHIR%RKIFSXWTEPIXXI(YVGLHMI/SSTIVE XMSRQILVIVIV%RFMIXIV[MVHIWQ¸KPMGLEYWKILIRHZSRHIQMRHIV6IKMSR REGLKIJVEKXIR&MPHYRKWFIHEVJIMRYQJEWWIRHIW%RKIFSX^YOSR^MTMIVIRMR HEWNIHI&MPHYRKWIMRVMGLXYRKHMIZSRMLVZSVKILEPXIRIR/SQTIXIR^IRMHIEP IMRFVMRKIROERR
(MI -RMXMMIVYRK ZSR /SSTIVEXMSR EPW ^IRXVEPIV %YJXVEK IMRIW 1SHIPPTVSNIOXW QYFIJVMWXIXEYWKIVMGLXIXWIMRHLEYGLMRHIV4VE\MWKIIMKRIXWIMRREGL
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(MI ,IVWXIPPYRK ZSR 8VERWTEVIR^ ²FIV %RKIFSX YRH 2EGLJVEKI MQ &IVIMGL HIV ;IMXIVFMPHYRK MR IMRIV 6IKMSR OERR MQ 7MRRI IMRIV &IWXERHWEYJRELQI FIVIMXW IVWXI ,MR[IMWI EYJ ZIVKPIMGLW[IMWI PIMGLX ^Y VIEPMWMIVIRHI :IVFIWWI VYRKWQ¸KPMGLOIMXIR KIFIR -R HIQ 1SHIPPTVSNIOX OSRRXIR HYVGL HMI >Y WEQQIRWXIPPYRK HIV FIVIMXW I\MWXMIVIRHIR %RKIFSXI EYGL [IWIRXPMGLI -R JSVQEXMSRWHIJM^MXIWIMXIRWHIV/YRHIREFKIFEYXYRHHEQMXEYJFIWXILIRHI 0IMWXYRKWTSXIRXMEPIKI^MIPXLMRKI[MIWIR[IVHIR(MI&IWIMXMKYRKZSR-RJSV QEXMSRWHIJM^MXIRLEXWMGLHEFIMEPWWXVYOXYVIPPIW4VSFPIQLIVEYWKIWXIPPX[IP GLIW WMGL MR ERHIVIR 6IKMSRIR ZIVQYXPMGL ÇLRPMGL HEVWXIPPX YRH QMX IMRIQ ÇLRPMGLIR OSSTIVEXMSRWSVMIRXMIVXIR %RWEX^ ERKIKERKIR [IVHIR O¸RRXI -R IMRIQ KIQIMRWEQIR ;IMXIVFMPHYRKWQEVOIXMRK PMIKIR HEQMX YREFLÇRKMK ZSRHIV7XVYOXYVYRHHIVMRLEPXPMGLIR%YWVMGLXYRKHIW5YEPMJM^MIVYRKWERKI FSXWRELI^YHMVIOX²FIVXVEKFEVI%RWÇX^IEYGLJ²VERHIVI6IKMSRIR
(E HMI %RFMIXIV ZSR ;IMXIVFMPHYRKWQERELQIR MRXIRWMZIV QMX &IXVMIFIR
^YWEQQIREVFIMXIRWSPPXIRMWX^[EVOIMRIYRFIHMRKXRIYI)VOIRRXRMWHMI)V JELVYRKIREYWHIQ1SHIPPTVSNIOX^IMKIRNIHSGLHEHMIWI*IWXWXIPPYRKMR HIV 4VE\MW SJX EYJ TVEOXMWGLI ;MHIVWXÇRHI WX¸X HMI IMRI WXÇVOIVI >YWEQ QIREVFIMX QMX &IXVMIFIR FILMRHIVR %PW HYVGLEYW LMPJVIMGL LEX WMGL ^YV &I [ÇPXMKYRKZIVWGLMIHIRIVTVEOXMWGLIV7GL[MIVMKOIMXIRHMI+V²RHYRKIRXWTVI
GLIRHIV /SSTIVEXMSRWEVFIMXWOVIMWI LIVEYWKIWXIPPX FIM HIRIR QILVIVI &MP HYRKWERFMIXIV FIM HIV )VEVFIMXYRK IMRIW OYRHIRWTI^MJMWGLIR ;IMXIVFMP HYRKWERKIFSXWOSR^ITXMSRIPP^YWEQQIREVFIMXIRYQIMREYJHMINI[IMPMKIR
&IHEVJIYRHSVKERMWEXSVMWGLIR 6ELQIRFIHMRKYRKIR EFKIWXMQQXIW ;IMXIV FMPHYRKWTVSKVEQQ^YIVWXIPPIR(MI;IMXIVJ²LVYRKWSPGLIV/SSTIVEXMSRWEV FIMXWOVIMWI IVWGLIMRX KIFSXIR YQ EYWKILIRH ZSR HIV KIQIMRWEQIR -RJSV QEXMSR ²FIV FIWXILIRHI %RKIFSXI EYGL HMI IVJSVHIVPMGLIR 2IYOSR^ITXMS RIR^YIVEVFIMXIR
(EW1SHIPPTVSNIOXLEXRMGLX^YPIX^XEYGLIMRIR&IMXVEK HE^Y KIPIMWXIX HE
WMGL ;IMXIVFMPHYRKWIMRVMGLXYRKIR O²RJXMK RMGLX QILV EPPIMR EPW %RFMIXIV HM HEOXMWGL LSGL[IVXMKIV 5YEPMJM^MIVYRKWZIVERWXEPXYRKIR ZIVWXILIR WSPPXIR WSRHIVR^YRILQIRHEYGLMR*YROXMSRYRH6SPPIZSR9RXIVRILQIRWFIVEXIVR LMRIMR[EGLWIR(MIWIV8VIRHKILXRSGL²FIVHIRSJXERKIQELRXIR4VE\MW FI^YK HIR 5YEPMJM^MIVYRKWQERELQIR EYGL ^Y VIGLX LEFIR Q²WWIR LMR EYW ;IMXIVFMPHYRK ZSR &IWGLÇJXMKXIR FIKV²RHIX MQQIV EYGL IMRI ;IMXIV IRX[MGOPYRK HIW 9RXIVRILQIRW [IRR RIYI /IRRXRMWWI MR 1IXLSHIR %F PÇYJIR YRH :IVJELVIR IMRKIFVEGLX YRH EYW HMIWIQ %RPE XVEHMIVXI :IVLEP XIRWQYWXIV YRH 9RXIVRILQIRWWXVEXIKMIR LMRXIVJVEKX [IVHIR *²V HIR &I VIMGLHIW)MR^IPLERHIPWLEXHIV/SSTIVEXMSRWEVFIMXWOVIMWIRXWTVIGLIRHI%R WÇX^IYRH)RX[MGOPYRKWXVIRHWFIMHIV)RX[MGOPYRKRIYIV%RKIFSXIFIV²GO WMGLXMKXFIMHIV&ILERHPYRK[IMXIVIV8LIQIRJIPHIVMWXIMRI%YWIMRERHIVWIX
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%RLERK
*VEKIFSKIRHIW4VSNIOXFEYWXIMRW8IMPRILQIVFIJVEKYRK