You are on page 1of 211

!

"

#
$ %

&
' ( ) *)

+
,) )

-
" ) )

.
/ ) ) )

0
) )
1

23
*)

22
4 5 *6 )

2
)

2!
7 ) " )

2#
8 9 )

2&
)) / )

2+
' 4 : ;4 4 )))

2-
) ) 4 )
* )
! "

$ !

" & ' (

) ! ! "

* + "

* ,

%
!
" #
$ %

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


#%!- ") .%", ')/ &% 001

#2% '.32"! '.)%#% 2' % % 4"'&)' # .)* *.'*# ' 2 )%# & "'&) ' * '! &% 5'/6 5*#' &
& *# 78 % 2*5 # %#2)'29:* #; !')*<* ') '# =*##$%# & # ' 2 )%# % .) = 5%) '# .') %)*'# % 2)% %##%#
' 2 )%# !')*<* '/6 & 4"'&) ' * '! &% * 5'/6 *&% 2*<* ' # * 2%)5% *% 2%# 4"% #6
* #2)"=% 2'*# .')' * * *') "=' 5' &* >=* ' &% * 5'/6 %= ( )2":'! ( ) %#2%# ' 2 )%# .'##')?
' )%2*@'/6 , .) ##% "/6 % '5'!*'/6 &'# =%&*&'# % .) :)'='# &% %#23="! A * 5'/6 %=
% =*'

# . !32* '# 4"'&) &' .) = /6 &' * 5'/6 % &' =.%2*2*5*&'&% &%5%= 2%) %= 2'
B=%) , 5')*%&'&% % &*5%)#*&'&% &% ):' *@'/$%# % %#2*="! A #"' '.' *&'&% &% * * *'2*5',
&%5%= 5'! )*@') #%" . 2% *'! % )%< )/') ' #"' '2)' 2*5*&'&% 4"' 2 ' # .) %## # &% )*'/6 %
&*<"#6 & -% *=% 2 % ' #"' '& ./6 .%! '=7*% 2% % C=* *=. )2> *' &' &* 2 =*'
.) &"/6 D '& ./6 &% -% *=% 2 9 ='*# =') '&' 4"' & '# . !32* '# .B7!* '# #% .) .$%=,
= '4"*, = &*<* ') ' =%#= 2%=. ). &% -% *=% 2 % .%)<*! 2% !C:* &'
% =*', "= 2%E2 &% 5'# . )2" *&'&%# % C=* '# 4"* 6 #% .) ")' *&% 2*<* ') #
' 2 )%# &% * 5'/6 .%! 2*. &% * 5'/6 D .) %##"'!, &% .) &"2 , %2 %= 26 . " .%!'
')' 2%)*@'/6 & .%)<*! &' .) ")' 4"% !-% 9&*)*:*&' ()%2% &% #% ' 2%# *&% 2*<* ') % ')' 2%)*@') '
2*. ! :*' & # .) &"2 )%# D " .) &"2 )%# &*<"# )%# D &% * 5'/6 '# #"'# 5%)2% 2%# &% * <)'
%#2)"2")'# <3#* '#, .'2)*=C * * 2' :35%! % &% #*&'&% &'# #"'# !*:'/$%# = "2) # ' 2 )%# &
4"'&) &% * 5'/6

!'##*<* '/6 =.')'2*5' &% ( )2":'! F%= G0 .'3#%#H 4"'&) &% * &* '& )%# %#2)"2")'*#
'.)%#% 2'& #%:" & # )*29)* # & & ' ( )*++,, .$% %= &%#2'4"% '#
.)* *.'*# <)':*!*&'&%# & "'&) ' * '! &% 5'/6 *2 * &* '& )%# < )'= #%!% * '& #, '
#'7%); .%)'/6 % !C:* ', B=%) &% ('2% 2%# 2)*7"3&'# ' %#*&% 2%#, I* ' *'=% 2 '
%#% 5 !5*=% 2 % !C:* , %#% 5 !5*=% 2 % ). )'/6 &% % ! :*', %:"!'=% 2'/6
% !C:* ', 2'! &% (%## '! '<% 2 ' J '# =.)%#'# F H, %#.%#' %= J '#
=.)%#'# , B=%) &% ('2% 2%# %= .!* '/6 , '.)%#% 2'& # ' I*:")'

=.')'/6 9<%*2' = ' <'#4"*' 1, " #%8 ' . #* * '=% 2 )%!'2*5 A 1K. #*/6 ' 2')
& <*= &' 2'7%!' 4"% ))%#. &% ' ## . #* * '=% 2 =9&*' %= 2%)= # &% =.%2*2*5*&'&%
L !') ## &9<* % 4"% 2 ' A '.' *&'&% &% .%)'/6 2% !C:* ' % 2)% %=.)%#'#, 4"%
2%= 4"% &% ))%) &% "=' ='* ) &% #*&'&% % &* '=*#= &' )%&% % 2)% # . 2% *'*# ' 2 )%# &%
* 5'/6 M <* ' *'=% 2 ' &%#% 5 !5*=% 2 &% 2% ! :*', 4"% &% ))% & &%<* *% 2%
* 5%#2*=% 2 .)*5'& %= * 5'/6 7%= = & # = &%! # &% <* ' *'=% 2 .B7!* &'# % 2*&'&%#
& #*#2%=', % <* '!=% 2% &%#% 5 !5*=% 2 % * ). )'/6 &% 2% ! :*' 4"% 9 #%4"+ *'
&*)% 2' & # ' 2%)* )%# % )%<%)*) 4"% ' .) &"/6 &% .'2% 2%# F3 &* % 1H, )%<%)*&' B=%) &%
.'2% 2%# '2)*7"3&'# ' )%#*&% 2%#, 9 !')'=% 2% &*# )%.' 2% = B=%) &% .'2% 2%# %=
"2*!*@'/6 F3 &* % GH, 4"% &%= #2)' "=' 7 ' '.' *&'&% &% '&'.2'/6 2% !C:* ', =
#"7!* -'& ' 2%)* )=% 2%
I*:")' D 5'!*'/6 &' . #*/6 =.%2*2*5' &% ( )2":'! %= *2 * &* '& )%# .%)2* % 2%# A 5*2'!*&'&% & "'&)
' * '! &% 5'/6 , #%:" & # )*29)* # & & ' ( )*++,

N0 G
1
0
1 0 0
O &* %

0 1
1
0 G
1
0 &% ('2% 2%#

&% .'2% 2%#


J %=.)%#'#
%:"!'=% 2'/6
). )'/6

%#.%#'# %=
.%)'/6
!C:* '

!C:* '

%= %=.)%#'#
(%## '! &% J

%= "2*!*@'/6
I* ' *'=% 2
%# &' %

.%) '.*2'
'2)*7"3&'#

.%) '.*2'
!C:* '
%#
2%

2%
'

.)* )*&'&% &% #%:"*) "= )%# *=% 2 % C=* #"#2% 2'& , &%#'<* .')' 4"% .'3# #%
= 7*!*@', *=.!* ' %#2'7%!% *=% 2 &% =%2'# 4"% 2 4"%= ' )% 5'/6 &'# =.%2+ *'# &'#
.%## '#, &' =.%2*2*5*&'&% &'# %=.)%#'# % )%< )/ A# )%&%# &% * 2%)' /6 % 2)% 2 & # #
' 2 )%# & 4"'&) &% * 5'/6 , 5*#' & ;

' )' * '!*@'/6 & 4"'&) &% ' 2 )%# % ' 5'! )*@'/6 &'# =.%2+ *'#M

)%< )/ &'# * 2%)' /$%# % & =. )2'=% 2 :! 7'! &' )%&%M

' ' 2% *.'/6 & 5 4"'&) &% ' 2"'/6 ' 35%! %") .%"

= &%! &% "= *#2%=' ' * '! &% 5'/6 '## *')%= # 2*. , <'=3!*', * <)' %#2)"2")' %
=.%2+ *'# & # ' 2 )%# & "'&) ' * '! &% 5'/6 %= ( )2":'! (')' %##% %<%*2 , '
*&'&% &% )&% '/6 & (!' % !C:* F ( H !' / " = ' :+ *' &% 5'/6 F H
"= %#2"& &% ')' 2%)*@'/6 &' %5 !"/6 &'# P <)' %#2)"2")'# % !C:* '# "'&) ' * '!
&% 5'/6 QQG 001R .)*=%*)' .')2% &%##' )% !-' &% * < )='/6 < * )%'!*@'&' #%:" &
=%2 & ! :*' 2%#2'&' ' 2%)* )=% 2% .%!' % &%7)"/' #% # 7)% # #2*2"2 # &% 5'#
% ! :*'#, # % 2) # &% )' #<%)+ *' &% % ! :*' % # % 2) # % !C:* # =%#=
%#2"& 5'* #%) %#2% &*& A# )%#2' 2%# * <)' %#2)"2")'# 2% !C:* '#, 2% & ' #%4"+ *' &'
'7 )&':%= & # ' 2 )%# '.% '# ' 5%) = B=%) &% % 2*&'&%# % 5 !"=% &% * < )='/6 ' #%)
)% !-*&' % 2)'2'&'

* 5'/6 , #% 2*& &' "2*!*@'/6 & -% *=% 2 # 7)% 5'# < )='# &% ):' *@') %=.)%#'#,
< ) % %& )%#, .) &"/6 % =%) *'!*@'/6 &% 7% # % #%)5*/ # 9 <' 2 ) &% =.%2*2*5*&'&% . )
%E %!+ *' .')' )%# *=% 2 % C=* &' *6 ") .%*' *=. )2> *' &' * 5'/6 !%5' ' 4"%
"= %#< )/ .')' < )2'!% %) # *#2%='# &% 5'/6 , &' & %)+ *' A# . !32* '# ' * '*# %
=" *2?)*'#, % .) = 5% & '=7*% 2%# <' *!*2'& )%# % '2)' 2*5 # .')' '# %=.)%#'# .)*5'&'# (')'
':*!*@') '# )%!'/$%# % 2)% # ' 2 )%# % #%:"*) ' %)+ *' &' . !32* ' .B7!* ' &%5% #% *&% 2*<* '),

N
= 7*!*@'), % )%#. #'7*!*@') # ':% 2%# & .) %## &% * 5'/6 ()%2% &% #% .')2*) '##*= .')' "=
&*': C#2* & # &%#'<* # ' 2"'*#, A !"@ &' %E.%)*+ *' * 2%) ' * '! % ' 2% *.' & =%&*&'# &%
' /6 4"'&) & (!' % !C:*

%:" & ' , "= *#2%=' ' * '! &% 5'/6 F H 9 "= 8" 2 &% * #2*2"*/$%# "=
&%2%)=* '& 2%))*2C)* ' * '! % )%!' * '&'# % 2)% #* 4"% 2)*7"%= .')' )*'), &%#% 5 !5%),
'7# )5%), "2*!*@') % .')2*!-') -% *=% 2 # % =* '=% 2% B2%*# = 9='*# 4"% "= #*#2%='
&% * 5%#2*:'/6 % &%#% 5 !5*=% 2 F J H % ' #"' ')' 2%)*@'/6 &%5% )%5%!') 6 #C
- . -
F. !32* '#, # *'*#, % C=* '#SH "= *#2%=' ' * '! &%
5'/6 # ' 2 )%# % 2)'*#, = 2 )%# &' )*'/6 &% 5'! ), #6 '# %=.)%#'#, 4"% * 2%)':%= =
* #2*2"*/$%# &% % #* % * 5%#2*:'/6 , #%)5*/ # &' '&=* *#2)'/6 .B7!* ', % 2) # &% * 2%)<' % %
'. * 2% !C:* % #*#2%=' <* ' %*) , % 2)% "2) # "*2'# &'# * #"<* *+ *'# '. 2'&'# =
&* * ' 2%# &%#2% #*#2%=' #6 '# 4"% '<% 2'= # ' 2 )%#, "8 .%)<*! .) ")')%= # ' '!*#') #
='* )%# .) 7!%='# . &%= .)% &%) #% = ' <'!2' &% )*% 2'/6 %#2)'29:* ', ' 6 '& ./6 &%
.)* )*&'&%# ' 35%! &'# * #2*2"*/$%# .B7!* '#, '# &%7*!*&'&%# * 2)3 #% '# &% '!:" # & # ' 2 )%# F% :
' 4"'!*<* '/6 .) <*##* '!H %, <* '!=% 2%, ' 7'*E' &% #*&'&% &% !*:'/$%# < )='*# " * < )='*# % 2)%
# &*<%)% 2%# =. % 2%# & #*#2%=' &% * 5'/6

2*!*@')= # '4"* P 2 )%# & "'&) &% 5'/6 - &'& ')? 2%) .') %!') &' ' ?!*#%, #% & %)2
4"% :)'" &%<* *% 2% &% %#2)"2")'/6 , ' <)':*!*&'&% &'# )%!'/$%# % ' ='2")*&'&% &%#*:"'! &'#
% 2*&'&%# 8 "#2*<* '=

"'&) & # 2 )%# &% 5'/6 9 "= " *5%)# -%2%) :9 % # 5?)* # * 2%)5% *% 2%#
2*.* '=% 2% 6 * 5'= *# !'&'=% 2% ='# %= !'7 )'/6 "!2)'.'##' & <) 2%*)'#
):' *@' * '*# = 2*5'/6 &'# !'7 )'/$%# 9 "=' < )=' &% 72%) " .')2*!-') )% ")# #,
&%#% 5 !5%) 5 # '=. # &% ' /6 % &% =.%2+ *' " )*') ='##' )32* ' #2 9 '* &' ='*#
5%)&'&%*) 4"' & #% 2)'2' &% ?)%'# %= 4"% .) :)%## *% 23<* % 2% !C:* 9="*2 )?.*& ,
'.*2'! &% -% *=% 2 ="*2 * 2% #*5 % #"8 %*2 ' )?.*&' &%.)% *'/6

# )%&%# &% !'7 )'/6 2+= "=' *=. )2> *' )%# % 2%, % '. *'= #% "=' 7'#% 2)'2"'! ='*#
" =% # < )='!, &% 4"% ' #"7 2)'2'/6 " ' .%)2% /' ' "=' =%#=' '## *'/6 #6 %E%=.! #
#2' %5 !"/6 #% 2*& &' .%)'/6 #":%)% 4"% .) %## &% * 5'/6 # <)%" ' "!2*='
&9 '&' "=' < )2% 2)' #< )='/6 , = '&' ):' *@'/6 " #% 2 ) ' '"=% 2') ' #"' &%.% &+ *'
&% % 2*&'&%# %E2%) '# .')' J , .')' ' &*<"#6 & -% *=% 2 , &%#% 5 !5*=% 2 &% .) &"2 #
" "2)'# 2')%<'# %##% *'*# A * 5'/6 # ):' *@'/$%# 6 #6 )% *.*% 2%# .'##*5 # &%
-% *=% 2 , % 2+=, %!'# .)C.)*'#, &% #%) )*'& )'# &% 5 -% *=% 2 , "= * ! &%
'.)% &*@':%= '## *'& A 2)' #<%)+ *' &% -% *=% 2 '2)'59# &' .')2*!-' &% * < )='/6 %
=.%2+ *'# # !*:'/$%# %E2%) '# &% '&' ' 2 ) <' *!*2'= # .) %## # &% * 5'/6 ' =%#=
2%=. 4"% # * 5'& )%# )%#"!2' 2%# #":%)%= "2)'# !*:'/$%# &% .%)'/6 , '29 '
. 2 &% #% . &%) #*&%)') P#*#2%='R &% ' 2 )%# = %!% .)C.)* = 2 ) &% * 5'/6
* 2% #*&'&%, %#2'7*!*&'&% % &")'/6 &'# )%!'/$%# #6 '# ')' 2%)3#2* '# ='*# *=. )2' 2%# &' )%&%

"*2'# ' ?!*#%# 2+= #% '29': )' % 2)'& ')? 2%) 7* ?)* &' )%&% '# <" /$%# &% :%)'/6
% "2*!*@'/6 &% -% *=% 2 I'!2' 2%) "=' =.)%% #6 .')'!%!' &' '&=* *#2)'/6 % : 5%) '/6
&'# )%&%#, '!9= &' =%)' %#2)"2")' % 2 . ! :*', % = ' )%&% #% '&'.2' A ="&' /', * !"* &
'.')% *=% 2 % &%#'.')% *=% 2 &% ' 2 )%# " * % 2*5 # %E*#2+ *' &% "=' )%&% &% #' &%
!*:'/$%# %#2? '## *'&' ' B=%) &% .'2% 2%#, 5 # .) &"2 #, 5 # #%)5*/ #, % 5 # &%#% - #

*=$%#, P *#2%=' ' * '! &% 5'/6 %= ( )2":'!; *': C#2* % ()* )*&'&%#,R .?: 1N * P(')' "=' ( !32* '
&% 5'/6 %= ( )2":'!R, )& T &)*:"%#, %5%#, &* - , %& = "*E 2%, *#7 ', ')/ 00
T I':%)7%): P/ 0 1 ,R .?: , 2 34 5 ) / , %& T I':%)7%):,
U%)V' & %!# , 34 ! 6 , 7 8 ( ), 001
&4"*#2, P96 / ' ,R .?: W , 2 34 5 ) / ,
%& T I':%)7%):, U%)V' & %!# , 34 ! 6 , 7 8 ( ), 001

1
):' *@' * '*# :)' &% &%#'<* 9 . ) *## '"=% 2') <!"E &% * < )='/6 % -% *=% 2
% 2)% 2 & # # ' 2 )%#, =' 2%) ' '7%)2")' A % 2)'&' &% 5 # ' 2 )%#, #%= .)%<%)+ *' . ) 2*. #
&% !*:'/$%# ! :'# " ")2'#, < )2%# " <)' '# &%#&% 4"% .) &"2*5'# % 4"' 2 &")%= #2%
" . &' * 5'/6 %E*:% &') )%!%5> *' ' # =% ' *#= # &% <* ' *'=% 2 , ' #
' 2 )%# &'# . !32* '# '&=* *#2)'2*5'#, ' # #"7#*#2%='# &' %&" '/6 % < )='/6 , % ' # 5 #
* #2)"=% 2 # #"):*& # = ' # *%&'&% &% * < )='/6

= *#2%=' ' * '! &% 5'/6 . &% #%) % 2% &*& = 8" 2 & P<' 2 )%# % C=* #,
# *'*#, . !32* #, ):' *@' * '*#, * #2*2" * '*# " "2) # 4"% * <!"% *'= &%#% 5 !5*=% 2 ,
&*<"#6 " "# &% * 5'/$%#R 6 -? "= #*#2%=' *&%'! &% * 5'/6 # =.')'/$%# = "2) #
#*#2%='# &%5%= #%) <%*2'# % 2)% 4"% %E*#2% % 4"% . &% %E*#2*) % 6 )%!'2*5'=% 2% ' "=
-*. 292* #*#2%=' *&%'! #*: *<* '& &'# * #2*2"*/$%# 6 9 #% #"'!, 4"% . &%= #%) )%:)'#,
!%*#, .)?2* '# " )='# . ) 4"% #% )%:%= '# )%!'/$%# % 2)% ' 2 )%# # <) 2%*)'# & #*#2%=' &%
* 5'/6 2'=79= #6 * &%<* *&'#, 4"% %E2%) '=% 2% 4"% * 2%) '=% 2%; # ' 2 )%# % #%" .'.%!
5')*'= D "= .'3# # !'7 )'2C)* # &% %=.)%#'# . &%= <'@%) 4"% "= "2) <'@ %= '#
" *5%)#*&'&%# % 5* % 5%)#' D = 5')*'= # * % 2*5 # D # 7% %<3 * # & )%:*#2 &% "=' .'2% 2%
. &%= 5')*') 7'#2' 2% % 2)% .'3#%#, . ) %E%=.!

I*:")' D 7 )&':%= &% "= *#2%=' ' * '! &% 5'/6 F'&'.2'& &% X"!=' J ) !&, 00 H

%
&

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

' - . / ' %
/ " %

= '. 2'& ' * 2) &"/6 , '# ' 2*5*&'&%# ='*# *=. )2' 2%# &% "= #*#2%=' &% * < )=)'/6
* !"%= ' <%)2' &% J D )*'/6 &% -% *=% 2 , % )*4"% *=% 2 & '.*2'! -"=' % '
'4"*#*/6 &% =.%2+ *'# %&" '/6 % < )='/6 , ' < )='/6 &% 5 # =%) '& # &% .) &"2 #,
' )*'/6 &% , ' )*'/6 % 2)' #< )='/6 &% %=.)%#'# % * #2*2"*/$%# <*# '!*&'&%,
)%:"!'=% 2 # '=7*% 2'*# , ' < )='/6 &% )%&%# . ) 5*' & =%) '& " "2) # =% ' *#= #, '
* "7'/6 &% ' 2*5*&'&%#, <* ' *'=% 2 &% .) %## # &% * 5'/6 % ' 2*5*&'&%# &" % 2%# A
=%) *'!*@'/6 &% -% *=% 2 % ' <%)2' &% #%)5*/ # &% #"!2 )*' 2)' #<%)+ *' &%
2% ! :*', '. * !%:'!, * < )='/6 =%) *'! = 4"'!4"%) .) %## %#.% 3<* &% * 5'/6 , #
#*#2%='# &% * 5'/6 %!%# =%#= # %5 !"%= 2%=. &% "= = & 6 .!' %'& , % 9 #%=.)%
!*=*2'&' ' * <!"+ *' &'# -'='&'# P. !32* '# &% * 5'/6 R

G
# '7 )'2C)* # & #2'& < )'= &%<* *& # = <*:")' .%!' !%:*#!'/6 &% 7)*! &% QQQ F % )%2
%* 1YQQH 4"% # '. 2' = P.%## '# !% 2*5'# .B7!* '# &% '2")%@' * #2*2" * '! )*'&'# %
=' 2*&'# = .) .C#*2 %E.!3 *2 &% .) ##%:"*) 78 % 2*5 # &' . !32* ' *% 23<* ' % 2% !C:* '
'& .2'&' .%! 5%) , =%&*' 2% ' .) ##% "/6 &% ' 2*5*&'&%# &% * 5%#2*:'/6 *% 23<* ' %
&%#% 5 !5*=% 2 2% !C:* % &% "2) # 2*. # &% ' 2*5*&'&%# *% 23<* '# % 29 * '# 4"% '#
)%#.% 2*5'# !%*# ):> * '# .)%5%8 '=, 2'*# = ' 2*5*&'&%# &% .)%#2'/6 &% #%)5*/ #, '. * A
* &B#2)*', .%)*2':% #, )='!*@'/6 , %)2*<* '/6 , )%:"!'=% 2'/6 % "2)'#R # '7 )'2C)* # &
#2'& : @'= &% '"2 =*' '&=* *#2)'2*5' % <* ' %*)' % #6 !%:'!=% 2% #"!2'& # .%!
5%) # 7)% ' &%<* */6 & # .) :)'='# % * #2)"=% 2 # &' . !32* ' *% 23<* ' % 2% !C:* '
' * '!, * 2%:)' & '# %#2)"2")'# &% )&% '/6 &' . !32* ' *% 23<* ' % 2% !C:* ' .)%5*#2'# '
!%*, = '7* %2% )&% '& ) &' ( !32* ' *% 23<* ' % % !C:* ' # 5'!+ *'# & #
!'7 )'2C)* # &% #2'& * !"%=;

'. * &*)% 2 ' #2'& < ) % *=% 2 % <" &'=% 2'/6 &% -% *=% 2 *% 23<* %
2% !C:* '&%4"'& ' . !32* '# #% 2 )*'*#, .) 7!%=?2* '# 2)' #5%)#'*# % &% * 2%)<' % " 4"%
* *&'= # 7)% .) 7!%='# &' # *%&'&%M

' )%'!*@'/6 &% .) 8


% 2 # &% * 5%#2*:'/6 % &%#% 5 !5*=% 2 2% !C:* F H <* ' *'& #
>=7*2 & # "'&) # =" *2?)* # &% . * % & # () :)'='# "'&) &% M

' .)%#2'/6 &% #%)5*/ # A =" *&'&% %= :%)'!, * !"* & 2)'2 # = 2% *& %=.)%#')*'!
% = .)C.)* #2'& M

' 2*5*&'&%# )%:"!'=% 2')%# &% =%2) ! :*', )='!*@'/6 % %)2*<* '/6 , 7%= = '
%!'7 )'/6 &% '"&*2 )*'# %#.% *'!*@'&'# .%)*2':% #, .')% %)%# % "2)'# ' 2"'/$%# 4"'!*<* '&'#

T? %= QQW, % . ) %# !"/6 & #%!- &% * *#2) # F YQ H, &%" #% * 3 * ' "= () :)'='
&% . * A %< )=' & # '7 )'2C)* # &% #2'& F H #2% .) %## &% )%< )=' 7'#%*' #% "='
'5'!*'/6 %E2%) ' & # '7 )'2C)* # & #2'& , ' & 2'/6 <* ' %*)' &% %4"*.'# & () :)'=' &%
. * A %< )=' & # '7 )'2C)* # &% #2'& , ' '.) 5'/6 &% 5' !%:*#!'/6 4"' 2 ' )%:*=%
8")3&* &'# * #2*2"*/$%# &% * 5%#2*:'/6 , #2'2"2 &' '))%*)' &% 5%#2*:'/6 % #2'2"2 &
!#%*) &% 5%#2*:'/6 *% 23<* ' )% % 2% % )%2 %* N Y 001 )%.Z# ' '"2 =*'
<* ' %*)' & # )%:*=% & # * #2*2"2 #, #2*2"2 &% 5%#2*:'/6 *% 2*<* ' % ) .* '! F H,
#2*2"2 ' * '! &% 'B&% ) * ')& T ):% F H, #2*2"2 &% % 92* ' 9&* ' ) T ' * 2 &%
':'!-6%# F H =' 2%5% #% * '!2%)'& #2% )%:*=%, 4"% % 2)' %= 5*: ) ' &*' &% T ' %*) &%
00G, .')% % #% 2> % = # &%#3: * # &% #%)5*/ .B7!* & # .) :)'='# % * #2)"=% 2 # &%
. !32* ' *% 23<* ' % 2% !C:* ' ' * '! '"2 =*' .) 5+ 2)' #.')+ *' % <!%E*7*!*&'&% &% :%#26
% .%)=*2% ' &*<%)% *'/6 4"%) 4"% 2 ' A# ' &*&'2")'# ' <" & # =" *2?)* # F4"% . 2% *'=
' * 2%) ' * '!*@'/6 H 4"%) < ) % *=% 2 &% #%)5*/ #, #"7 2)'2'/6 " .')2* *.'/6 %=
#C) * #, . &% & "!2)'.'##') &9<* % &% )%!'/6 = #% 2 ) %=.)%#')*'!, ="*2'# 5%@%#
#"7!* -'&

'7%!' D &% 2*<* '/6 & # '7 )'2C)* # &% #2'& % %#.% 2*5' "2%!'
./01.2
314
0567 52
.60 82
79.
#2*2"2 ' * '! &% :% -')*', % ! :*' % 5'/6 * *#29)* &' =*' % 5'/6
( #2*2"2 &% 5%#2*:'/6 :)?)*' % &'# (%# '# * *#29)* &' :)* "!2")' % * *#29)* &' *+ *' % & #* ".%)* )
#2*2"2 *&) :)?<* * *#29)* &' %<%#'
#2*2"2 &% % 92* ' 9&* ' ) T
' * 2 &% ':'!-6%# * *#29)* &' 'B&% % * *#29)* &' *+ *' % & #* ".%)* )
#2*2"2 ' * '! &% 'B&% ) * ')& T ):% * *#29)* &' 'B&%
#2*2"2 &% 5%#2*:'/6 *% 2*<* ' % ) .* '! * *#29)* &' *+ *' % & #* ".%)* )
#2*2"2 &% %2% ) ! :*' * *#29)* &' *+ *' % & #* ".%)* )
#2*2"2 % !C:* % " !%') * *#29)* &' *+ *' % & #* ".%)* )
'7 )'2C)* ' * '! &% :% -')*' *5*! * *#29)* &'# 7)'# (B7!* '#, )' #. )2%# % =" * '/$%#
'7 )'2C)* ' * '! &% 5%#2*:'/6 %2%)* ?)*' * *#29)* &' :)* "!2")' %#% 5 !5*=% 2 ")'! % (%# '# %
* *#29)* &' *+ *' % & #* ".%)* )
( *)% /6 %)'! &' () 2% /6 &'# "!2")'# * *#29)* &' :)* "!2")'

# % 2) # % !C:* # F H )%.)%#% 2'= '# * <)' %#2)"2")'# 2% !C:* '# %= 4"% .'.%! &%
* 2%)<' % % 2)% '# * &B#2)*'#, '# %=.)%#'# % '# . !32* '# .B7!* '# &% 2)' #<%)+ *' &% -% *=% 2
#6 ='*# *=%&*'2'=% 2% )% -% *&'# # % 2) # % !C:* # #6 % 2*&'&%# P5 ' * '&'# .')'
#% 2 )%# * &"#2)*'*# %#.% 3<* # = 78% 2*5 .)* )*2?)* &% < ) % %) '. * 29 * % 2% !C:*
A# %=.)%#'# & #% 2 ), '2)'59# &% ' 2*5*&'&%# = ' * 2) &"/6 &% 5'# 2% ! :*'#,
%)2*<* '/6 % 2) ! &% 4"'!*&'&%, < )='/6 % * < )='/6 >=7*2 &'# 2% ! :*'# '.!* ?5%*#
' #% 2 ) )%#.% 2*5 R N "*2 # #"):*)'= #%:"*=% 2 &' + <'#% &'& ' .'.%! 4"% #
2)'&* * '*# &% ' 2*5*&'&% % C=* ' . &%= 2%) &%#% 5 !5*=% 2 % C=*

# &*<* "!&'&%# ='*# <)%4"% 2%=% 2% '. 2'&'# = <' 2 )%# &* * ' 2%# & &%#% 5 !5*=% 2
& # % 2) # 2% !C:* # #6 , %= .)*=%*) !":'), "=' .) ")' )%' 2*5' % . " &* >=* ', . "
%E*:% 2% % %= #%=.)% 5'! )*@' & ' * 5'/6 !9= &*## , ' <%)2' %= #%=.)% %<* *% 2% %
=*##' 4"' 2 ' . #* * '=% 2 %#2)'29:* , =%#= #%" 2%E2 #% 2 )*'!
' =.' -'=% 2 #*#2%=?2* & # % 2) # % !C:* # < * &* '=*@'& . ) "= %#2"& .) = 5*&
.%! %= QQG, '4"' & & 2) ' * '! &% <)' %#2)"2")'# % !C:* '#, )%< )/'&
= "= %#2"& &% 00 !%5'& ' '7 .%!' *)% /6 %)'! &% &B#2)*' F H %= !'7 )'/6
.)CE*=' = ' , '## *'/6 )%.)%#% 2'2*5' & # % 2) # % !C:* # #2%# & *# %#2"& #
#2*2"%= ' 7'#% & %*E &% ')' 2%)*@'/6 &% =.%2+ *'# 4"% )%'!*@'= # >=7*2 & (!'
% !C:* % %= !'7 )'/6 = ' :+ *' &% 5'/6 F H, % #2*2"2 &% . * A#
(%4"% '# % 9&*'# =.)%#'# F ( H% 2)' #% %= <'#% &% &%#% 5 !5*=% 2 "=' ' 2"'!*@'/6
&%##%# & *# %#2"& # ' 2%)* )%# 4"' 2 A ')' 2%)*@'/6 &' <%)2', &' .) ")' % &' % 5 !5% 2%
% C=* ' % <* ' %*)' & # W % 2) # % !C:* # %= ' 2*5*&'&% () ")') #% ? *&% 2*<* ') '#
. )2" *&'&%# % !*=*2'/$%#, %#2)"2")'*# " *) " #2' *'*#, & = & = .%)'= 2)'7'!-
* * *'! &% QQG .) %&% #% A *&% 2*<* '/6 & .'2)*=C * <3#* , )% ")# # -"=' # % =.%2+ *'#
&*#. 35%*#, #% ' ')' 2%)*@'/6 &' <%)2' &% #%)5*/ #M .%)<*! &% .) ")', ' ')2* "!'/6 = "2)'#
% 2*&'&%# % ' % 5 !5% 2% % C=* ' % <* ' %*)', # = &%! # &% :%#26 % . #* * '=% 2
%#2)'29:* #2' ' ?!*#% % 2) " #% # 2)+# ' # *=%&*'2'=% 2% ' 2%)* )%#, &% = & 4"% #%
.)%2% &% = ' #"' ' 2"'!*@'/6 ' 001 .%) %7%) ' #"' &* >=* ' &% ' 2"'/6 '. * %<% 2*5 '
&%#% 5 !5*=% 2 2% !C:* '# %=.)%#'#

= 00 ' ' 2*5*&'&% & # % 2) # % !C:* # = 5*=% 2'5' %) ' &% ,N =*!-$%# &% %") # %=
.)%#2'/6 &% #%)5*/ #, % 5 !5% & NN0 .%## '# % #%)5* & "= " *5%)# &% N 00 %=.)%#'# &% 1
#% 2 )%# * &"#2)*'*#

%#2"& %= ")# .)%2% &% '5'!*') ' '.' *&'&% &% '&'.2'/6 &'# ' 2*5*&'&%# & # % 2) #
% !C:* # A# 5'# %E*:+ *'# & #% 2 ) .)*5'& *.* '=% 2% '# ' 2*5*&'&%# & # % 2) #
2% !C:* # % 5 !5%= % #'* # 5% * '*#, '##*#2+ *' 29 * ' % 2% !C:* ', )='!*@'/6 %
%)2*<* '/6 , %#2"& # % .) 8% 2 #, J , 7%= = < )='/6 & # # % 2) # '.)%#% 2'=
* #2'!'/$%# % 5'!+ *'# '&%4"'&'# ' 8
" 2 &'# #"'# ' 2*5*&'&%# " !%')%# ='# =.%2% ' #
% 2) # ' .) ")' &% %#2)'29:*'# ='*# %<* '@%# &% '.) E*='/6 A# %=.)%#'#, '8 "#2' & '#
'.' *&'&%# &*#. 35%*# #"#2% 2'7*!*&'&% &' #"' =*##6 7)*:' ' "= %#< )/ &% '&'.2'/6 %
* 5'/6 ):' *@' * '! 4"' 2 A "2*!*@'/6 &'# '.' *&'&%# * #2'!'&'# = &'# =.%2+ *'#
& # )% ")# # -"=' #

N
()*=%*) 2) ' * '! &% <)' %#2)"2")'# % !C:* '# D * *#29)* &' =*' D F QQGH

W
'7%!' D % 2) # % !C:* #. ) )&%= % )%# % 2% &% ('2)*=C * ## *'2*5 % [)%'# &% 2*5*&'&% F'&'.2'& &%
%< \
1]H

7:2
105 7;:09
3<4
;05 +1 7.567 .;2 4=4 6.67
• 2*5*&'&% '7 )'2 )*'!
• #"!2 )*' % ##*#2+ *' 9 * '
• *:*!> *' % %#% 5 !5*=% 2 % !C:*
% 2) % !C:* &'# &B#2)*'# +E2%*# % &% • '! )*@'/6 &% % ")# # "=' #
%#2"?)* &% ( )2":'! F 0^ .B7!* H • .%)'/6 = ' &=* *#2)'/6 (B7!* ' F ' &%<* */6 %
*=.!%=% 2'/6 &% . !32* '# .')' #% 2 ) % .')' '# )%:*$%# &% < )2%
*=.!' 2'/6 & #% 2 )H
• #"!2 )*' 2%) ' * '! F<%))'=% 2' &% )% -% *=% 2 % !*:'/6 '
' 2 )%# %=%):% 2%#H
• %)5*/ =7*% 2%M
• %)5*/ E2%) &% %:")' /' % *:*% % )'7'!-
• '7* %2% &% #2"& #
% 2) % !C:* & '!/'& F G^ .B7!* H • ##*#2+ *' 9 * ' % #"!2'& )*'
• %)2*<* '/6
• I )='/6
• #'* # !'7 )'2 )*'*#
• *': C#2* , #"!2 )*' % "&*2 )*'#
• 2) ! &% "'!*&'&%
• (%)*2':% # % (')% %)%# 9 * #
• %2) ! :*' F '!*7)'/6 &% .')4"3=%2) # % 5%)*<* '/6 &%
%4"*.'=% 2 #H, # !-' *#"'!
% 2) % !C:* &' )2*/' F N^ .B7!* H
• #2"& # &% =.' 2% =7*% 2'!
• *:*% % % %:")' /' )'7'!-
• 5%#2*:'/6 % %#% 5 !5*=% 2
• )='!*@'/6 % 2 )*'! F H
• . * A () .)*%&'&% &"#2)*'! F ( H
• ##*#2+ *' 29 * ' ' .) &"/6 , '=7*% 2%, ' 4"'!*&'&%
• () #.% /6 % %#2"& # :% !C:* #
• . * 29 * % ! :3#2* ' %E2)' /6 Y 2)' #< )='/6
• . * ?# %=.)%#'# %= .) 8 % 2 # % '.%2)% -'=% 2 2% !C:*
% 2) % !C:* .')' .) 5%*2'=% 2 % • %:")' /' % -*:*% % 2)'7'!-
'! )*@'/6 &'# -'# ) '=% 2'*# FN0^ .B7!* H • ):' *#= &% )='!*@'/6 % 2 )*'!, %)2*<* '/6 &% %=.)%#'# %
.) &"2 #
• J
• I )='/6 F % # !' % !C:* ' &'# (%&)'# '2")'*#H
• ("7!* '/6 &% = :)'<*'# % * < )='/6 .) = * '!
• %#% 5 !5*=% 2 % !C:*
• "'!*&'&%
• *:*!> *' % !C:* '
% 2) % !C:* &' &B#2)*' &% !&%# % • % ! :*'# &% < )='/6
I%))'=% 2'# #.% *'*# % (!?#2* '# F ^ .B7!* H • 5'/6 % () #.% 2*5'
• %#26 F ( '7* %2% &% . * A () = /6 &' () .)*%&'&%
&"#2)*'!H
• I )='/6
• #"!2'& )*' %= %#26 &' "'!*&'&%M
• #"!2'& )*' %= =7*% 2%, %:")' /', %#2"& # % % #'* #
'## *'& #M
• #'* # &% ='2%)*'*# % .) &"2 # F '7 )'2C)* # )%&*2'& #H
• '!*7)'/6 &% #2)"=% 2 # &% %&*/6 % #'* F '7 )'2C)* #
)%&*2'& #HM
• ') '/6 F ):' *#= 2*<* '& HM
• . * % .) = /6 &' 2*5*&'&% )='2*5' F ):' *#= &%
% 2) &% . * % !C:* A &"#2)*'
)='!*@'/6 % 2 )*'!HM
%2'! =% > * ' F 1^ .B7!* H
• %5%#2*=% 2 # 9 * # 5' /'& #M
• I )='/6 %#.% *'!*@'&' F % -% *=% 2 I , HM
• * '=*@'/6 &' .%)'/6 9 * ' % % !C:* 'M
• (')2* *.'/6 %= * * *'2*5'# % .') %)*'# * &"#2)*'!=% 2% )*% 2'&'#,
.B7!* '# % .)*5'&'#M
• (')2* *.'/6 %= %#2"& # % &*': C#2* # #% 2 )*'*#, =%'&'=% 2%
%#2"& # &% : ) M
• (')2* *.'/6 %= .) 8 % 2 # &% * 5%#2*:'/6 % &%#% 5 !5*=% 2
• ". )2% A# ' 2*5*&'&%# &% :%#26 <" * '! = =.%2+ *' ' ?)%'
* &"#2)*'!
% 2) % !C:* &' %)>=* ' % & *&) F Q^
• %)5*/ # * 5'& )%# % &% %!%5'& 2%B& 2% !C:*
.B7!* H
• I )='/6 &% %#.% *'!*&'&% &% )% ")# # -"=' #
• () 8 % 2 # &% _ _* F 5%#2*:'/6 , %#% 5 !5*=% 2 % 5'/6 H
• . * 29 * % 2% !C:* A# %=.)%#'# & #% 2 ) " &% #% 2 )%#
'<* # " =.!%=% 2')%#M
• %'!*@'/6 % .) = /6 &% * 5%#2*:'/6 '.!* '&' % &%#% 5 !5*=% 2
%E.%)*=% 2'!M
• () = /6 &' =%!- )*' &' 4"'!*&'&%, #*#2%='# &% :%#26 &' 4"'!*&'&%,
% 2) % !C:* &'# &B#2)*'# & ") F Q^ ' )='!*@'/6 , ' =%2) ! :*' % ' %)2*<* '/6 M
.B7!* H • . * % .) = /6 &' < )='/6 29 * ' % 2% !C:* ' %#.% *'!*@'&'M
• % !-', 2)'2'=% 2 % &*5"!:'/6 &% * < )='/6 29 * ' % 2% !C:* 'M
• %'!*@'/6 &% 2)'7'!- # &% &%#% 5 !5*=% 2 4"% &"@'= A )%&"/6
&' . !"*/6
• 2)*7"*/6 .')' < )2'!% *=% 2 &'# !*:'/$%# % 2)% ' *5%)#*&'&%,
# ):' *#= # &% * 5%#2*:'/6 % ' &B#2)*'

%#2"& &% 00 < * 7#%)5'& 4"% '!:"='# &%#2'# '.' *&'&%# %#2'5'= !')'=% 2%
#"7'.) 5%*2'&'#, = ?)%'# = ' & # % #'* # !'7 )'2 )*'*# " =%2) ! :*' = 3 &* %# &%
"2*!*@'/6 % 2)% # 1 % # 0 ^N !9= &*## , ' * 2%)' /6 & # % 2) # % !C:* # = "2)'#
% 2*&'&%#, ' .')2*!-' % '4"*#*/6 &% -% *=% 2 D =%'&'=% 2% %= J )%#"!2' 2% &%
.) 8 % 2 # %= #C) * D %5*&% *'5'= % 26 "=' &* >=* ' ="*2 &%#*:"'! %#&% ' #"'
* #2*2"*/6 % '29 00 # % 2) # 2% !C:* # )%'!*@')'= .) 8
% 2 # &% J , .) &"@* & N

Q
.'2% 2%# % %) ' &% 0 =' "'*# " = :)'<*'# &'# &*<%)% 2%# ?)%'# &% %#.% *'!*&'&%1 6 < *
&'&' .)* )*&'&% !')' A ' 2*5*&'&% &% J . ) .')2% & # % 2) # % !C:* #, 4"% 9%5*&% 2%
.%# &' )&%= & # ^ ' ' 2*5*&'&% 2 2'! &% .%! =% # =%2'&% & # % 2) # % !C:* #
4"'&) %") .%" D %= I)' /', . ) %E%=.! D # % 2) # % !C:* # 2+= 35%*# &% J
#"7#2' *'!=% 2% #".%)* )%#, % ?)%'# = ' &*5"!:'/6 2% !C:* ' % ' .) #.% 2*5' 2% !C:* '
#6 #*#2%='2* '=% 2% 5'! )*@'&'#

. 2 &% 5*#2' &' .) ")', "=' .') %!' #*: *<* '2*5' & # !*% 2%# & # % 2) # % !C:* # #6
(%4"% '# % 9&*'# =.)%#'# F( #H, #%:"* & #% '# ## *'/$%# =.)%#')*'*#, #% 2 ) %#2'2'!,
'# :)' &%# %=.)%#'# % # !*% 2%# %#2)' :%*) #, = "= .%# &% ^ = & # . 2 # ='*#
)%!%5' 2%# 9 2)'#2% % 2)% '# ( #, ):' *@'/$%# %= 4"% # % 2) # % !C:* # 8:'= 2+=
#%" .'.%! ='*# *=. )2' 2%, % '# :)' &%# %=.)%#'#, 4"% '&4"*)%= "=' .' C.!*' ="*2 &*5%)#'
&% #%)5*/ # %E*:% 2%#, &% %!%5'& 5'! ) ' )%# % 2'& % ! ' & # &%#'<* # ='*# %#2*="!' 2%#

' 2*5*&'&% % C=* ' & # % 2) # % !C:* # 9%E.)%##*5', % 5 !5% & .%)2 &% =*!-$%# &%
%") #, .%#% ' #"' &%.% &+ *' &% =%* # <* ' %*) # .B7!* # 1 = 00 , # #"7#3&* # A %E.! )'/6
)%.)%#% 2')'=, %= 8
" 2 , ^ &'# )% %*2'# :! 7'*# 4"% &*@ )%#.%*2 A %5 !"/6 &%
.) 5%*2 #, &%5% 2'=79= '##* '!') #% "=' !':%= !')' &' %5 !"/6 & &%#%=.% - =
.%)3 & # &% % %))'=% 2 &% .) :)'='# &% * % 2*5 # ' * '*# %E*#2+ *' &% =%&*&'# &%
'. * ' '4"*#*/$%# &% %4"*.'=% 2 , &*#. 35%*# &%#&% 00 '2)'59# & () :)'=' .%)' * '! &%
=*' F( H, . &%)6 %#.%!-') #% %:'2*5'=% 2% ' %#2)"2")' <* ' %*)' & # % 2) #
)%!'/6 &%#2'# % 2*&'&%# = <* ' *'=% 2 # .B7!* # . &% %= '!:" # '# # 2%) "= %<%*2 &%
&*#2 )/6 # 7)% =%) '& &' ))+ *'

29 %@%=7) &% 00N 2* -'= #*& )*'& # '7 )'2C)* # ## *'& # % 5 !5% & W * #2*2"*/$%#
&% * 5%#2*:'/6 % "= 8
" 2 &% N1 & "2 )'& # %#2'2"2 & # '7 )'2C)* # ## *'& #,
%*2 * 5'& ), < * %#2'7%!% *& %= !%:*#!'/6 &% QQQ F % )%2 %* 1YQQH .')' #%) '.!* '& '
* #2*2"*/$%# &% %!%5'& =9)*2 4"% 2 ' ' =.%2+ *'# % '.' *&'&% * #2'!'&', 4"% #%8 '=
#*&%)'&'# * #2)"=% 2'*# ' .) ##% "/6 &' . !32* ' *% 23<* ' % 2% !C:* ' ' * '! &%<* */6
%E.!3 *2' &% 78 % 2*5 # '2)'59# &' 2)'2"'!*@'/6 , ' '2")%@' 5')*?5%! &'# #"'# ):> * '# % '
%#2'7*!*&'&% & <* ' *'=% 2 , '## *'& ' .%)3 & # &% 0 ' # )%'5'!*?5%*#, 2 ) ')'= #
'7 )'2C)* # ## *'& # * #2)"=% 2 # .')2* "!')=% 2% %<* '@%# ' )*'/6 &% -% *=% 2 % '
* 2%:)'/6 &% 5 # & "2 )'& # % 29 * # &% * 5%#2*:'/6 #%" = &%! &% ):' *@'/6 . &% #%)
& # ='*# '&%4"'& # A# 5'# < )='# &% .) &"/6 &% -% *=% 2 , ='*# &%.% &% 2%# &'
2)' #&*# *.!* ')*&'&% * % 2*5 <* ' %*) 9&%<* *& = %= "2)'# " *&'&%# &% * 5%#2*:'/6 %
'## *'& ' B=%) &% & "2 )'& # % "= ' )9# *= )%#"!2' 2% &' '5'!*'/6 <* ' *'=% 2 &'#
' 2*5*&'&%# % 4"'&)' #% >=7*2 & () :)'=' .%)' * '! ` *+ *', % ! :*', 5'/6 `
F( H % & () :)'=' .%)' * '! *%&'&% &' < )='/6 F( H & "'&) =" *2?)* &%
. * F 000 00GH, = <" & # =" *2?)* # % 2)'.')2*&'# &% <" & # ' * '*# = &%!
&% '5'!*'/6 . ) .'* 9*# * 2%) ' * '*# * &%.% &% 2%# 9 %!%=% 2 &% )%&*7*!*@'/6 &%#2% = &%!
):' *@' * '!, &*#2* :"% &% "2) # ' 2 )%# & 4"'&) &% * 5'/6 ' * '! % .) = 5%
* &*)% 2'=% 2% ' * 2%) ' * '!*@'/6 &' =" *&'&% *% 23<* '

# '7 )'2C)* # '## *'& # #6 %E.!* *2'=% 2% -'='& # ' .')2* *.') = : 5%) ' &%<* */6
&% .) :)'='# % * #2)"=% 2 # &% . !32* ' *% 23<* ' % 2% !C:* ', * 2%:)' & %#2)"2")'# =
'7* %2% )&% '& ) &' ( !32* ' *% 23<* ' % % !C:* ' % #%!- ".%)* ) &% *+ *'
% ! :*' % 5'/6

1
%!'2C)* # 7)% ' ' 2*5*&'&% & # % 2) # 2% !C:* #D !"=% D *)% /6 %)'! &' &B#2)*' F 00 H

0
'7%!' D *#2' &% '7 )'2C)* # ## *'& # *&% 2*<* ' & '=. # &% ' 2*5*&'&%
./01.2
314
0 550;4
.60 +17.567 ;2 4=46.67
• %") 7* ! :*' % %") 2 E* *&'&%M
7:21067 7810;4 >:;4 .57
• * 2% ! :*' % #'B&% F* !"* & * #% # )%#, @*= ! :*',
409
0<4. 79 89.167 04 ?/1 .
)' #. )2'& )%# &% I?)=' #HM
F HD *=7)'
• E* ! :*' 9&* ' % =7*% 2'!M
\ Q * 5%#2*:'& )%#, W1 & "2 )'& #]
• #'* # !3 * # <2'!= !C:* # % #'* # &% * &*#. *7*!*&'&%
:5242 82
067 4 090<4 . • % /'# % 92* '#, * ! :*' #2)"2")'! % =':%=M
097;89.17 79 89.1F H • % /'# <% * #'#, =" ! :*' =.')'&' % ' * '#M
D ( )2 • %") *+ *'#, * '*# % 2)%## * !C:* M
\ QW * 5%#2*:'& )%#, & "2 )'& #] • 5%!-% *=% 2 , %.')'/6 % %:% %)'/6 * !C:* '
:52 4
282067 .2 090<4 .7 • ()%5% /6 % *': C#2* ()% %& ' ) & #2Z=': %
?8:09 0<4. 09 7;89 .16. %#$%# ()% ")# )'#M
:4=71546.67 60 012 0 • %!- )*' &' "'!*&'&% &% *': C#2* &'# % .!'#*'# '!*: '# %
F ( (H D ( )2 &'# %#$%# ()%='!*: '#
\ 00 * 5%#2*:'& )%#, NG & "2 )'& #]
• !9 "!'# * ! :* '=% 2% 2*5'#M
:524282067 7;:09 0<4. • %&* * ' % %2%)* ?)*' !% "!')%#M
8@
?4 ;.7 4 09
3<4;. F H • * ! :*' & %#% 5 !5*=% 2 %= *='*# % (!' 2'#M
D %*)'# • *# * !C:* F' ?!*#% &% ):' *#= # :% %2* '=% 2%
\1GG * 5%#2*:'& )%#, 0 & "2 )'& #] = &*<* '& #, 7' 29)*'# )%#*#2% 2%# ' ' 2*7*C2* #, #%:")' /'
'!*=% 2') % '=7*% 2'!HM
• %!- )'=% 2 &% (!' 2'# % I! )%#2'
• % C=* ', % *5%)#*&'&% & () 2% =' "=' M
:524282067 764 ;4:.
• 5'# #2)'29:*'# %)'.+"2* '# &% '#% %!"!') % I')=' !C:* '
09
7;89 .1F H, 7:2 10 67
.')' % /'# '# "!')%# % %") &%:% %)'2*5'#M
4090<4.7 .2 090<4 .
• 5 # 92 & # ()%&*2*5 # & # I' 2 )%# &% *# % 92* # %
09
7;89 .1F (H D *#7 '
"2)* * '*# .')' '# % /'# ')&* %)%7) '# "!')%#M
\ 10 * 5%#2*:'& )%#, 0 & "2 )'& #]
• 5'# #2)'29:* '# %)'.+"2* '# &% '#% % 92* ' % =" !C:* '
.')' % /'# <% * #'#, %='2 !C:* '# % "2 *=" %#
./01.2 3140 550;4 .6067 • () &"2 # '2")'*#; )'#2)%* % .)%.')'/6 M
8@?4 ;. 71 67 A • "'!*&'&% % %:")' /' !*=% 2')%#M
7;:09 0<4.57 1 0;75505 • 2) ! =7*% 2'! % F * H %=%&*'/6 M
4?B05D !='&' % ( )2 • % ! :*'# % () %## # *=. # &% () &"/6 M
\ * 5%#2*:'& )%#, W& "2 )'& #] • '2'!*#'& )%#, !5% 2%# % =. #2 #
./01.2 314067
• I3#* ' &% (')23 "!'# % #2) .')23 "!'#M
:52 1 8?7:2 .CD07 @ 54 ;.
• I3#* ' &% %2% 2 )%#M
EB71 4?7:2 .967 .1 2
@;89.5
• I3#* ' 9&* '
F (H D *#7 ' % *=7)'
\Q1 * 5%#2*:'& )%#, N0 & "2 )'& #]
:52 42 82067 • =" * '/$%# C5%*#M
79 7;0?8:4 ;.CF75F H D • =" * '/$%# .2* '#M
*#7 ', 5%*) % *=7)' • %&%# % =" * '/$%# "!2*=9&*'
\ * 5%#2*:'& )%#, N & "2 )'& #]
:52 42 82067 4 527?.57 • % ! :*'# .')' ' E.! )'/6 & %' M
0/32 4;. 4 5/0. • *2 )*@'/6 % *:*!> *' = :% 2%# 7C2* #M
F *#7 'H D *#7 ' % • % ! :*'# "#2% 2?5%*# % *#2%='# =7*% 2'*#M
)2' • () %##'=% 2 &% * '! %= %&%# &% =" * '/6 % "!2*=9&*'
\ QG * 5%#2*:'& )%#, G & "2 )'& #]
7:2 1 067 85D0 8;9 7.1 • I"#6 " !%') 2) !'&'M
A 45/0. • % ! :*'# &% (!'#='# % '#%)# 2% # #
\ G * 5%#2*:'& )%#, NW & "2 )'& #]
• '2%)*'*# 5' /'& # * ) % ' %#2)"2")'& #= .')' '#
% ! :*'# &'# =" * '/$%# F '2%)*'*# 5' /'& # !% "!')%#
% ".)'= !% "!')%#, '2%)*'*# "!2*<" * '*# % 37)*& #
7:2 1067 :=752 4
<.CD07? ):> * ):> * , !% 2) %)>=* #, &"!'/6 ': %2
.2 714.45 71 G?4 ;057 #2)"2")'! &% *#2%='# !9 2)* # I )2%=% 2% ))%!' * '& #HM
0?B354 205F HD • '2%)*'*# 5' /'& # .')' &B#2)*'# &% 4"*.'=% 2 # % &%
5%*) I'7)* '/6 &% () &"2 # %)>=* # % %2?!* # F %)>=* #
\ 0G * 5%#2*:'& )%#, Q & "2 )'& #] %' 2*5 # .')' 2) ! & () %## , =.C#*2 # %)>=* # %
%5%#2*=% 2 # !2)'&") # .')' .!* '/$%# % > * '#HM
• "3=* ' % % ! :*' &% '2%)*'*# ( !*=9)* # % % - %!"!C#* #
% * ='2%)*'*# F '2%)*'*# !% "!')%# % % - %!"!C#* #,
* ='2%)*'*#, %#% 5 !5*=% 2 % .2*=*@'/6 & () %## H
7:2 1067 52 8605 0;4 .45 • 5'# !*&')*%&'&%#; '*#, ' * '*#, ! 7'*#M
F HD *=7)' • *+ *'#, % ! :*'# % "=' *&'&%#M
\ 1 * 5%#2*:'& )%#, & "2 )'& #] • "!2")'# % * >=* '# *'*#
:524282067 4 >:;4.5 0;4 .45
F H D *#7 ' • *&'&' *'; &%= )' *' % # !*&')*%&'&%#M
\WW * 5%#2*:'& )%#, • %#% 5 !5*=% 2 ; #"#2% 2'7*!*&'&% % 2)' # ' * '!*&'&%#
N & "2 )'& #
• % ! :*'# &% ". )2% .')' .!* '/$%# "&* 5*#"'*# %= %&%
.) %##'=% 2 &% ?"&* % 53&% , )%&%# % #%)5*/ #, % #*#2%='#
:52 42
82067 :<7:H.1 4.67
="!2*=9&*'M
452 7?.57 0?B82 .601 7560
• % 2 ) !9 2)* % (!' %'=% 2 %))*2 )*'! 2%:)'& )%&%#,
012 0F ( HD
=%) '& # % .!' %'=% 2 2%))*2 )*'! * 2%:)'& &% % %):*' %
( )2
'=7*% 2%M
\ Q * 5%#2*:'& )%#, GQ & "2 )'& #]
• *#. #*2*5 # % %&%# &% % # )%# "!2* (')>=%2) %= I*7)'
.2* ' 2% ! :*'# &% =* ) <'7)* '/6 .')' #*#2%='# #% # )%#
%= <*7)' C.2* '
a 5'# 2% ! :*'# &% #%.')'/$%# 3 !* '# % &% )%' /6 .')' '#
./01.231 4067 1 0;7550567 7B.1 .CD07 7.;CD0I
* &"#2)*'# 4"3=* ' % <')=' +"2* ', % :% -')*' & '=7*% 2% %
I (
= &%!*@'/6 % #*="!'/6 "=9)* 'M
:% -')*' "3=* ' % * 2% ! :*'
a 3 2%#% &% .) &"2 # &% '!2 5'! ) ' )%# % 2'& , ' % :% -')*' &%
\
WW * 5%#2*:'& )%#, N "2 )'& #]
.%)<"=%# % ') ='#, ' % :% -')*' &'# )%' /$%# . !*=9)* '# %
&%#% 5 !5*=% 2 &% ='2%)*'*# ' %#2)"2")'& #
:52
4282
067 4
>:;4
.5 0;4
.45A a * ! :*', 2) . ! :*', %= :)'<*' % % :)'<*'M
a *&'&' *'; &%= )' *' % # !*&')*%&'&%#M
\ G * 5%#2*:'& )%#M 1 & "2 )'& #] a %#% 5 !5*=% 2 ; #"#2% 2'7*!*&'&% % 2)' # ' * '!*&'&%#
I a :% -')*' !% 2) 29 * ' % < )=?2* '
( ; a () %##'=% 2 =."2' * '! & ( )2":"+# <'!'&
a *#2%='# &% * < )='/6 % '. * A &% *#6
\N * 5%#2*:'& )%#, GQ & "2 )'& #] a =7*% 2%# 5*)2"'*# * 2%)' 2*5 #
a *#2%='# %!% 2)C * # %=7%7*& #
a %&%# &% =" * '/$%# % = 7*!*&'&%
:5242820 845 • "&' /' :! 7'! % )*# # .')' ' # *%&'&%
% 2) &% % <3#* ' % '7 )'2C)* &% % 2 <3#* ' % % 2C * ' • % <3#* ' % 2% 2 <3#* '
E.%)*=% 2'! I b • 7#%)5'/6 &' 2%))' % :% &* >=* '
\
N1 !'7 )'& )%#,N1 & "2 )'& # ] • %2% ) ! :*' % !*='
• (')'#*2 ! :*', =* ) 7* ! :*' % 5*) ! :*'
7:2
106. .9
J14
.7 082
1.5 07:C.5 1
0B4
;.4
5 • % /'# 2) .* '*# % #'B&% .B7!* 'Y #'B&% * 2%) ' * '!
• 2 = ! :*' =9&* ' % #'B&% )%.) &"2*5' = 5*#2' A ' 2"'!*@'/6
( \W !'7 )'& )%#, 1 & "2 )'& #] & # 2%B& # &' < )='/6 % * 5%#2*:'/6
• #2'7%!% *=% 2 &% )%&%# ' * '*# % * 2%) ' * '*# = *=.' 2
# .'3#%# 2) .* '*#
• )*'/6 % ' &*5"!:'/6 &% 5 # -% *=% 2 # *% 23<* # '
?)%' &' 4"'!*&'&% & '=7*% 2%, % ! :*', % 2 E* ! :*', :% ! :*'
% )% ")# # %= @ '# &% % #*#2%='# &% 2)' #*/6 , ' )!' #2%*)'
7:2
1067 52
860560 ?/4
7:2
7 7 60 .1 % ' .!'2'< )=' 2* % 2'!
\G !'7 )'& )%#, GW & "2 )'& #] • %#% 5 !5*=% 2 % .) = /6 &% .) :)'='# &% < )='/6 % &%
* 5%#2*:'/6
• ()%#2'/6 &% #%)5*/ # %#.% *'!*@'& # ' ?)%' & '=7*% 2%
#2%*)

7:2 1
0 67 :=752 4
<.CD0 .1 4:H. 7 ?/4 7:2.9F H % 2)
• #%)5'/6 % %#26 &% ##*#2%='# 4"?2* #
&% 5%#2*:'/6 ')* -' % =7*% 2'!, :4=71
546.67 60 01 20
• 4"' "!2")' % * 2% ! :*'# ')* -'#
F H % 2) &% *+ *'# & ') & !:')5% F H
*5%)#*&'&% & !:')5% \ G0 !'7 )'& )%#, NQ & "2 )'& #]
!

# (')4"%# % !C:* # #6 5*#2 # .%!' ## *'/6 ( )2":"%#' &% (')4"%# &% *+ *' %
% ! :*' F % .')4"%#H = %=.)%% &*=% 2 # .) = 2 )%# &% * 5'/6 % &% &%#% 5 !5*=% 2
4"% * !"%= % %##')*'=% 2% # #%:"* 2%# %!%=% 2 #;

"= %#.'/ * 2%!*:% 2% &%#% -'& .')' #%)5*) &% * 2%)<' % % 2)% # #*#2%='# %=.)%#')*'!,
*% 23<* % %&" '2*5 M

"=' !*:'/6 < )='! = "=' " ='*# " *5%)#*&'&%# %Y " * #2*2"*/$%# &% * 5%#2*:'/6 %
&%#% 5 !5*=% 2 M

%7*& # &% < )=' ' % )'8


') ' < )='/6 % )%# *=% 2 &% %=.)%#'# 7'#%'&'# %=
-% *=% 2 '5' /'& , * !"* & #%)5*/ # &% 5'! ) ' )%# % 2'& M

"=' :%#26 ' 2*5'=% 2% %=.% -'&' ' * 5'/6 , * % 2*5' & ' 2)' #<%)+ *' &% 2% ! :*',
)%< )/ &' =.%2+ *' &'# ):' *@'/$%# %!% * #2'!'&'# % ' )*'/6 &% )%&%# % %E$%#
%#2)'29:* '#

' #"' %##+ *' 7'#%*'= #% = &%! &% 2 , ' *&'&% &% '!2' 2% ! :*', &% %#2)"2")'
=.!%E' ='# '7%)2', 4"% 2%= = 78% 2*5 # #*="!2> % # &%#% 5 !5*=% 2 *% 23<* ,
2% !C:* % * &"#2)*'! % &%#% 5 !5*=% 2 )%:* '! % ")7' :)' &% = 2*5'/6 4"% !%5' #
)%#. #?5%*# )%:* '*# " ' * '*# ' '. *') ' )*'/6 &"= (')4"% % !C:* 9
&%#% 5 !5*=% 2 % C=* , .) .* *'& .%!' .%)=' % 2% % )% 5'&' =.%2*2*5*&'&% &'#
%=.)%#'# * 5'& )'# '##*=*!'/6 & # (')4"%# % !C:* # ' "= * #2)"=% 2 &% < =% 2
% C=* )%:* '! '## *' !-%# 5*)2"&%# ='# 2'=79= )*# # %5*&% 2%#

'7%!' N D &% 2*<* '/6 & # (')4"%# % !C:* #% %#.% 2*5'# [)%'# ()* )*2?)*'#
.1
K875 7;:09
3<4
;05 ;2
4=4
6.67567 :=752 4<.CD0
• 7* 2% ! :*',
• %!% 2)C * ' &% * #2)"=% 2'/6 ,
• % %):*',
• % :% -')*' &' :%#26 & -% *=% 2 ,
• ='2%)*'*# % 2% ! :*'# &% .) &"/6 ,
*#.C!*#
• = &%!'/6 % #*="!'/6 ,
• C.2* ' % .2 %!% 2)C * ',
• #"#2% 2'7*!*&'&% % '=7*% 2%,
• 2% ! :*'# &'# * &B#2)*'# '!*=% 2')%#, %
• 2% ! :*'# &'# * &"#2)*'# 4"3=* '#
• % :% -')*',
• 7* 2% ! :*',
• 2% ! :*'# &% * < )='/6 ,
% ='*'
• ="!2*=9&*',
• %!% 2)C * ' % *+ *'#, %
• 2% ! :*'# & # ='2%)*'*#
• % :% -')*' & '=7*% 2%,
• ='2%)*'*#,
• *+ *' &' 2%))',
• % :% -')*' * < )=?2* ',
• %!%2) 29 *',
• =."2'& )%#,
'&'= (')c • 2%!% =" * '/$%#,
• 4"3=* ',
• =% > * ',
• % :% -')*' *5*!,
• 7* 2% ! :*',
• *+ *'# # *'*# '.!* '&'#, %
• % ! :*' &' -*&) #<%)'
• 2% ! :*'# &' #'B&%,
• 2% ! :*'# &% * < )='/6 ,
(')c")7*# • 2%!% =" * '/$%#,
• '%) ?"2* ', %
• '=7*% 2%
• * < )=?2* 'Y ="!2*=9&*',
• #'B&%Y*+ *'# &' 5*&',
% C. ! &% *=7)' • %!% 2)C * ' % '"2 ='/6 ,
• 4"'!*&'&%, %
• '=7*% 2%
• 2% ! :*' &% * < )='/6 ,
• 2%!% =" * '/$%#,
• %!% 2)C * ',
• *+ *'# % 2% ! :*'# & # ='2%)*'*#,
':"#.')c
• 2% ! :*'# &' .) &"/6 ,
• % %):*', '=7*% 2%,
• 7* 2% ! :*', %
• 4"3=* ' <* '
• *+ *' % % ! :*' & =7*% 2%,
• % ! :*'# %):92* '#,
• * 2% ! :*',
( Y "2%!'
• *+ *' % % ! :*' & # '2%)*'*#,
• "2 ='/6 &"#2)*'!,
• ' "2% /6 % %'7*!*2'/6 &"#2)*'!
5%.')c, ( )2"#.')c% ( = #2)"/6
• 2% ! :*'# &% * < )='/6 ,
• '"2 =C5%!,
( )2".')c
• 7* 2% ! :*',
• ='2%)*'*# % '=7*% 2%
( = #2)"/6
• 4"3=* ' &% .) &"2 # '2")'*#,
• 7* 4"3=* ',
• 7* 2% ! :*',
% .C! & !:')5%
• 4"3=* ' &% ='2%)*'*# % '2?!*#%
• 4"3=* ' '=7*% 2'!,
• *+ *'# =')* -'# % '=7*% 2'*#, % 4"3=* ' '=7*% 2'!
':"# '!!%V • ':) '!*=% 2')
• # *%&'&% &% * < )='/6 ,
• 5'# 2% ! :*'# &% * < )='/6 % &% =" * '/6 ,
'&%*)' % .C!
• '=7*% 2%, %
• %&" '/6 Y < )='/6 '5' /'&'Y % !%') * :

#2% 2*. &% .')4"%# 6 2%= '# ')' 2%)3#2* '# & # .')4"%# %=.)%#')*'*# 2)'&* * '*# . *#
% %##*2' &% "= ='* ) B=%) % &*5%)#*&'&% &% * :)%&*% 2%# ! '!*@'/6 &"= .')4"% &%#2% 2*.
2%= . ) *## &% #%) %E2)%='=% 2% "*&'&' %:" & % c F QQ H, # .)* *.'*# <' 2 )%#
%E.!* '2*5 # &' ! '!*@'/6 &% * &B#2)*' &% '!2' 2% ! :*' . &%= )%#"=*) #% &' #%:"* 2% < )=';

= ! '! '.)'@35%!, '.'@ &% '2)'*) % <*E') =6 &% 7)' 4"'!*<* '&' % = ' %## ' "=
=%) '& &% 2)'7'!- &% =6 &% 7)' . " 4"'!*<* '&'M
%E*#2+ *' &% " *5%)#*&'&%# =%#= %#.'/ M
%E*#2+ *' &% * <)' %#2)"2")'# &% !'@%), "!2")'*# % &% % #* M
?.*& % <? *! ' %## , 4"%) ) & 5*?)* 4"%) '9)% M
' ' %##*7*!*&'&% A * < )='/6 M
% #2*2"*/6 &% "=' % =*' &% ':! =%)'/6

!*:'/6 % 2)% (')4"%# % !C:* # % "7'& )'# &% %=.)%#'# &% 7'#% 2% !C:* ' 9%##% *'!,
. )4"% ' * ). )'/6 &% * 5'/6 %#2? '## *'&' ' %=.)%#'# '# % 2%#, %= ; &% 7'#%
2% !C:* ', '# -'='&'# Id# F7 8 2 6: < H ='* ) .')2% & # (')4"%#
% !C:* # .2' '##*= . ) &%#% 5 !5%) ' #"' .)C.)*' * "7'& )', %=7 )' *## 6 #%8 '
* &*#.% #?5%! L <)%4"% 2% !'7 )') %4"35 4"% "= (')4"% % !C:* , .%!' #"'
&% =* '/6 , 2%= = 78% 2*5 &%#% 5 !5*=% 2 *% 23<* % 2% !C:* 6 9&*## 4"% #%
2)'2', ='# #*= &% )*') '# &*/$%# .')' 4"% # .) :)%## # *% 23<* # % 2% !C:* # '! ' /'& #
#%8 '= 2)' #<%)*& # .')' '# %=.)%#'#, % 2)% '# %=.)%#'# % '.!* '& # ' # *) "*2 # % C=* #, '3
<)"2*<* ' & %= =.%2*2*5*&'&% % #%4"% 2% )% 2'7*!*&'&%

$ !

B=%) # .'3#%# )% -% %= ' *=. )2> *' &' ):' *@'/6 & # .) %## # &% 2)' #<%)+ *' &%
-% *=% 2 % &%#% 5 !5%)'=, # 7)%2"& ' B!2*=' &9 '&', % 2) # &% )' #<%)+ *' &%
% ! :*' F '7%!' 1H, 7%= = :'7* %2%# %#.% *'!*@'& # ' :%#26 &' 2)' #<%)+ *' &

N
-% *=% 2 &'# * #2*2"*/$%# &% * 5%#2*:'/6 *% 23<* ' % 2% !C:* ', # '7* %2%# &%
)' #<%)+ *' &% % ! :*', " 2 ;2 3 F '7%!' GH

%#2% '=. , 9 <" &'=% 2'! .'.%! &'# . !32* '# .B7!* '#, < )=% )% -% % P ' "'! &%
7 '# .)?2* '# .')' "=' %<* '@2)' #<%)+ *' & -% *=% 2 R ."7!* '& %= 001 (')' '!9= &%
&%# )%5%) # :' - # :%)'& # .')' 2 &'# '# .')2%# % 5 !5*&'# .) %## &% 2)' #<%)+ *' &%
2% ! :*' D %=.)%#'#, " *5%)#*&'&%# % % 2*&'&%# &% * 5%#2*:'/6 *% 23<* ', % 2) # 2% !C:* # %
' # *%&'&% %= :%)'! D, %#2% )%!'2C)* )%'!/' .'.%! & #2'& ' <' *!*2'/6 &%#2% 2*. &%
' 2*5*&'&%# %#2'& .) .$% #% < )="!') . !32* '# 4"%, )% -% % & ' *=. )2> *' &"= %#< )/
#"#2% 2'& &% * 5%#2*=% 2 -% *=% 2 % ' 4"'!*&'&%, .) = 5' . !32* '# &% .) 2% /6
* 2%!% 2"'! & # )%#"!2'& # & -% *=% 2 % % )'8% ' #"' '.!* '/6 .) &"2*5' = ( )2":'!,
&%#% 5 !5%" #% "= %#< )/ )% % 2%, = * * *'2*5'# 8? 2%))% % "2)'# %= <'#% &% '))' 4"%
= #%8 '= # ( F '7* %2%# &% . * A () 2% /6 &' () .)*%&'&% &"#2)*'!H, '#
F <* * '# &% )' #<%)+ *' &% -% *=% 2 H, % 2) # &% E %!+ *' % ' * * *'2*5' ,
&%# )*2'# %= ='*# &%2'!-% '.32"! )%<%)% 2% ' P )' #<%)+ *' &% % ! :*'R

'7%!' 1 D &% 2*<* '/6 & # % 2) # &% )' #<%)+ *' &% % ! :*' % #"' ! '!*@'/6
7:2
1067 1.:5L71>:;4 .67 7;:09 0<4. 0;.9 4 M.CD0
## *'/6 .')' ' 5'/6 % !C:* ' % "'!*&'&% *=7)'
I ## *'/6 .')' ' # !' ".%)* ) &% * 2% ! :*' &' *5%)#*&'&% '2C!* ' ( )2
! I :% -')*' % % ! :*' .')' ' () &"/6 [:*! % <* *% 2% ## *'/6 *#7 '
I % 2) &' * ='##' .')' %):*' *=7)'
I 4 :H0 #2*2"2 &% %#% 5 !5*=% 2 % 5'/6 % !C:* ' & * - )':'
I #2*2"2 &% !&'&")' % "'!*&'&% %*)'#
NI #2*2"2 &% 5%#2*:'/6 &' I! )%#2' % & ('.%! 5%*)
I ## *'/6 *5%)#*&'&%Y =.)%#' & "! L5 )'
I ## *'/6 &% )' #<%)+ *' &% % ! :*' ' 2' -%&% F '":")'& : #2 001H
I % 2) .')' ' '! )*@'/6 &% %#3&" # "*=')6%# F%= * #2'!'/6 H
550;4 .CD0I (C! &% 5'/6 %= :% -')*' &% ( !3=%) # "*=')6%# F%= * #2'!'/6 H

'7%!' G D &% 2*<* '/6 &' ! '!*@'/6 & # '7* %2%# &% . * % () 2% /6 &' () .)*%&'&% &"#2)*'! F ( H
7:2 10567 1 .:5L
71>:;4
.67 7;:09
0<4
. 71L49
*#7 'Y '!2% *5%)#*&'&%
5%*) Y )". *5%)#*&'&%
*=7)'Y( *5%)#*&'&%
* - Y % =* - *5%)#*&'&%
( )2 Y I *5%)#*&'&%
L5 )'Y I *5%)#*&'&%
!:')5% *5%)#*&'&%
'/ )%# *5%)#*&'&%
Y ( % 2) # % !C:* #
I % 2) # % !C:* #
% 2) # % !C:* #
( % 2) # % !C:* #
Y (( ( % 2) # % !C:* #
% 2) # % !C:* #
% 2) # % !C:* #
( ## *'/$%# %=.)%#')*'*#
( ## *'/$%# %=.)%#')*'*#
'&' (')c (')4"%# &% J
( (')4"%# &% J
':"# (')c (')4"%# &% J

# % 2) # &% "7'/6 #6 %#2)"2")'# 4"% 2'= = =%* # ='2%)*'*#, ! :3#2* # % -"=' #


.')' ' .) = /6 &' )*'/6 &% %=.)%#'# # .)* *.'*# '. * #, %&*& # A# %=.)%#'# .)CE*=
& # .)%/ # &% "#2 , )%#.%*2'= A < )='/6 %= :%#26 %=.)%#')*'!, A %!'7 )'/6 % '5'!*'/6 & #
.) 8% 2 # % A '##*#2+ *' ' 72% /6 &% <* ' *'=% 2 # % #"7#3&* #, .')' '!9= &' &*#. *7*!*@'/6
&% * <)' %#2)"2")'# <3#* '# # '. * # &*)*:%= #% ' 85% # %=.)%#?)* #, )% 9= !* % *'& # % A#
( # %= :%)'! # % 2) # &% "7'/6 #"):*)'= ' ") .' %= QW , . ) * * *'2*5' &' % 26
=" *&'&% C=* ' ") .%*', % 4"'&)'& # ' ' 2*5*&'&% & # : / '
F H #"' .)% ".'/6 < * ' &% )%' *=') )%:*$%# % =* '=% 2% &%.)*=*&'# .%!' 4"%7)' &%

1
' 2*5*&'&% '## *'&' ' .) %## # &% &%#* &"#2)*'!*@'/6 # # #6 * #2*2"*/$%# 4"% '. *'=
%=.)%#'# % %=.)%% &%& )%# &%#% 5 !5*=% 2 &% .) 8% 2 # * 5'& )%# % # #%2% ' 2"'!=% 2%
%E*#2% 2%# %= ( )2":'! %#26 '## *'& # ' ## *'/6 & # % 2) # &% =.)%#' % 5'/6
( )2":"%#%#, <'@% & .')2% &% "=' )%&% &% G0 # %E*#2% 2%# ' *6 ") .%*' %
)%.)%#% 2'& # ' :/' 7 8 )F H

= QQG %)'= *2 # % 2) # &% * "7'/6 &% %=.)%#'#;G % 2) &% =.)%#'# % &% 5'/6
&% %2B7'! F H, % 2) &% 5'/6 =.)%#')*'! &' %*)' 2%)* ) F H, % 2) &%
"7'/6 &% =.)%#'# & (')4"% % !C:* %= !='&' F HM % 2) () = 2 ) &%
5'/6 % %:C * # %= *#7 ' F ( HM % ! :*'# &% < )='/6 , , %= *#7 ' F HM
%:C * #, 5'/6 % % ! :*', , %= *#%" F HM 5'# =.)%#'# % % ! :*'#, ,
( )2 F H% % 2) &% "7'/6 % %#% 5 !5*=% 2 &% =.)%#'# (C! % !C:* *#7 '
F H 2"'!=% 2% B=%) &% * "7'& )'# 9&% 0, = * &* '& ' '7%!' , %#2' & W %=
<'#% &% '5'!*'/6 &% ' &*&'2")'

B=%) % &*5%)#*&'&% &% 2*. ! :*'# % =%* # &% '&' % 2) &% "7'/6 %#26 '## *'& # A
&*<* "!&'&% & #%" % 4"'&)'=% 2 -'='& *#2%=' ' * '! &% 5'/6 ##' &*<* "!&'&%
.%)#*#2%, 4"%) .%! #%" :)' &% B=%) , 4"%) . ) '"#+ *' &% "=' )%.)%#% 2'/6 '## *'2*5' 4"%
< ) %/' * < )='/6 &% 8
" 2 % )%:"!% =* *='=% 2% ' #"' ' 2*5*&'&% &* >=* ' &% ' 2"'/6
* &*5*&"'! 9 =.!%E' % &*<3 *! &% #* 2%2*@') " *5%)# & # #%*# % 2) # &% "7'/6 ' '!*#'& #
%= QQG )%##'!2'5'= ! : A .')2*&' &*<%)% /'# &% %#2)"2")' 8 ")3&* ', = '!:" # % 2) #
#2*2"3& # = %=.)%#'#, "2) # = # *%&'&%# ' C *='# % "2) # '* &' = '## *'/$%#
#%= <* # !" )'2*5 # # &*<%)% /'# &% ='2")*&'&%, &% &*=% #6 * <)'%#2)"2")'!, &% )% ")# #
&*#. 35%*#, &% '7)' :+ *' &% ' 2*5*&'&% D )%:* '!, #% 2 )*'!, " 2% !C:* ' D % &%
)%!' * '=% 2 = ' " *5%)#*&'&% % =%* * &"#2)*'!, #6 .'2% 2%# &%#&% % 26 ='* ) .')2%
& # % 2) # 9 &%2*&' .%! #% 2 ) %=.)%#')*'!, '## *'/$%# %=.)%#')*'*# = "=' .')2* *.'/6
.%4"% ' & %#2'& F 9' %E %./6 H

'7%!' D &% 2*<* '/6 & # % 2) # &% "7'/6 % )%#.% 2*5' ! '!*@'/6 :% :)?<* '
7:2 10567 :;8/.CD0 0;.9
4M.CD0
( D ## *'/6 "7'& )' &' %*)' 2!> 2* (')4"% *)'
D % 2) &% =.)%#'# % 5'/6 &' '&%*)' F * '&%*)'H I" -'!
D % 2) &% =.)%#'# % &% 5'/6 &% %2B7'! F H %2B7'!
D % 2) &% "7'/6 % %#% 5 !5*=% 2 &% =.)%#'# F ( H *#7 '
D % 2) &% 5'/6 =.)%#')*'! &' %*)' 2%)* ) F %*)' 2%)* )H 5*!-6
D % 2) &% "7'/6 &% =.)%#'# !='&'
( D % 2) () = 2 ) &% 5'/6 % %:C * # F H ( )2 '!5 F H
( D % 2) () = 2 ) &% 5'/6 % %:C * # & !:')5% F H !-6
D % 2) % !C:* &% '!% &% "#' ('/ # &% I%))%*)'
IID "7'& )' &% =.)%#'# &' I*:"%*)' &' I @ I*:"%*)' &' I @
D #2*2"2 =.)%#')*'! & * - )':'
* *# ## *'/6 .')' ' () = /6 % =.)%% &%& )*#= , %*)*'
5'/6 % 5'# % ! :*'#
( "7'& )' ## *'/6 .')' %#% 5 !5*=% 2 &% 2*5*&'&%# &% "7'/6 &% *=7)'
&%*'# % =.)%#'#
D "7'/6 &% =.)%#'#, %*)'#
( ( D ## *'/6 & (C! % !C:* % &% =.)%#'# &% 5'/6 '.')* '
D 5'# =.)%#'# % % ! :*'# F H ( )2
D %:C * #, 5'/6 % % ! :*'#, *#%"
I e F * - H )':'
( D ## *'/6 .')' . )2" *&'&%# #.% *<* '# &% %:C * # ')* -' )' &%
( D ## *'/6 () = 2 )' &% 5'# =.)%#'# % % ! :*'# ( )2
D *%&'&% &% "7'/6 % 2 )*'!, ( )2

'7%!' W D &% 2*<* '/6 & # % 2) # &% "7'/6 () . #2 # % %#.% 2*5 # () . % 2%#
7:2 1
067 :;8/.CD07? .57 67 B1 0=.CD0 10B0:7:2 7
D % 2) &% "7'/6 % %#% 5 !5*=% 2 &% =.)%#'# D % 2) &% "7'/6 % %#% 5 !5*=% 2 &% =.)%#'#
%= * 2% ! :*' %= * 2% ! :*'
"7'& )' ( )2":'! ! 7'! T D ## *'/6 ' * '! &% T 5% # =.)%#?)* #
% 2) &% "7'/6 &% '#% % !C:* ' &% '5*)' T D ## *'/6 ' * '! &% T 5% # =.)%#?)* # Y B !% &%
'5*)'
D #2*2"2 &% %#% 5 !5*=% 2 =.)%#')*'! & * - ## *'/6 &'# ( D (%4"% '# % 9&*'# =.)%#'# &% ( )2":'!
( D "7'& )' &% '#% % !C:* ' ## *'/6 *5%)#*&'&% =.)%#' .')' %#% 5 !5*=% 2 D

!:')5% (D "7'& )' *5%)#*&'&% & !:')5%


% 2) &% "7'/6 &% '#% % !C:* ' &% T 6 &' '&%*)' " * 3.* T 6 &' '&%*)'
## *'/6 5') J )%# %) D "7'/6 % 5'/6 %= 'B&% D ## *'/6 .')' ' # !' ".%)* ) &% * 2% ! :*' &'
*5%)#*&'&% '2C!* '

G
()*=%*) 2) ' * '! &% <)' %#2)"2")'# 2% !C:* '# D * *#29)* &' =*' D F QQGH

G
!

# #2*2"2 # &% 5'# % ! :*'# #6 % 2*&'&%# 5 ' * '&'# .')' ' ' %!%)'/6 & .) %## &%
* 2) &"/6 &% 5'# 2% ! :*'# # .) %## # * &"#2)*'*#, '2)'59# &' * 5%#2*:'/6 &"@*&'
* 2%) '=% 2% " &' '.!* '/6 &% )%#"!2'& # .) &"@*& # . ) % 2*&'&%# '## *'&'#, =
" *5%)#*&'&%# # #%"# .%)<*# % %#2'2"2 # #6 &*5%)# # D %= .%)# '!*&'&% 8 ")3&* ', '"2 =*'
<* ' %*)', %2 D ='# 2*.* '=% 2% )%#"!2'= &% * * *'2*5'# 8
" 2'# &% *5%)#*&'&%#, ## *'/$%#
() <*##* '*# % '7 )'2C)* # &% #2'& #%" .'2)*=C * .%)2% % ='* )*2')*'=% 2% ' #% 2 )
.B7!* & #2'& D *5%)#*&'&%# (B7!* '#, ( , % #2*2"2 ( )2":"+# &' "'!*&'&%
F ( H ='# ' .')2* *.'/6 % .%# &'# %=.)%#'# 9 #".%)* ) A .')2* *.'/6 % .%# &'#
'## *'/$%#

"' 2 ' )% ")# # -"=' # %E*#2%= :)' &%# &*<%)% /'# % 2)% * #2*2"2 # ' 35%! &% =.%2+ *'#
2% !C:* '# )%#*&% 2%#; %= QQG %) ' &% =%2'&% & # #2*2"2 # &% 5'# % ! :*'# &*#." -'=
&% =% # &% 1 .%## '#, #% & ' %E %./6 4"' 2 A &*=% #6 , = NN .%## '# '
2%=. * 2%:)'! = 4"'#% 2 &'# %#2'# * #2*2"*/$%# # 7 !#%*) # 2+= "= .%# #*&%)?5%!
'.' *&'&% &% "2*!*@'/6 & # %4"*.'=% 2 # % & # =%* # -"=' # A &*#. #*/6 9 * <%)* ) A &'
".'/6 &'# * #2'!'/$%# <3#* '# .) .)*'=% 2% &*2'# L %5*&% 2% ' &*<* "!&'&% &% .% %2)'/6
=%) '& & # #%)5*/ #, .'2% 2% 5 !"=% &% #%)5*/ # .)%#2'& # % ' &*<* "!&'&% &% '"2
#"#2% 2'/6 &%#2'# * #2*2"*/$%#

='* )*' & # #2*2"2 # &% 5'# % ! :*'# ! '!*@' #% .)CE*= &% *5%)#*&'&%#, .) ")' &
='E*=*@') % 2) #'=% 2 = %#2'# % 2%) ' %## &*)% 2 A .) &"/6 &% -% *=% 2 # % #"'
'.!* '/6 .')' =%* * &"#2)*'! '.)% *'/6 & #%" &%#%=.% - %= QQG )%<%)*' 2%)%= #
#2*2"2 # &% 5'# % ! :*'# &*5%)#*<* '& ' <%)2' &% #%)5*/ # ' 35%! :% :)?<* % #% 2 )*'!, %=
&%2)*=% 2 &% "=' &*5%)#*<* '/6 2% !C:* ' "%) *#2 &*@%) 4"% '# % 2*&'&%# =' 2*5%)'= ' #"'
7'#% 2% !C:* ', .) ")' & %#2% &%) #%" )'* &% ' /6 &% "2)'# < )='#
'7%!' Q D &% 2*<* '/6 & # #2*2"2 # &% 5'# % ! :*'# % #"' ! '!*@'/6
:52 4282 0567 0=.5 7;:09 0<4.5 0;.9 4 M.CD0
## *'/6 &% . * ' #2*2"2 * =9&* &% 5%#2*:'/6 &' "@% =':%= *=7)'
9<.1 =7 *5%)#*&'&% & !:')5% F #2*2"2 &% 5'# % ! :*'#H I')
550;4 .CD0 !ON! % 2) &% =."2'/6 )?<* ' "*=')6%# F%= .) . #2' &% *&%*'H
#2*2"2 &% * ! :*' E.%)*=% 2'! % % !C:* ' %*)'#
#2*2"2 &% *+ *' .!* '&' % % ! :*' &' I' "!&'&% &% *+ *'# &' *#7 '
*5%)#*&'&% &% *#7 '
#2*2"2 &% *+ *' % % ! :*' &% ( !3=%) # )':'Y*#7 '
#2*2"2 &% %#% 5 !5*=% 2 % 5'/6 % !C:* ' 5%*)
P #2*2"2 &% %#% 5 !5*=% 2 % 5'/6 % !C:* ' & * - )':'
! #2*2"2 &% :% -')*' % > * ' % %#26 &"#2)*'! ( )2
#2*2"2 &% 5'# % ! :*'# *#7 '
01 2 0 #2*2"2 &% :% -')*' &% *#2%='# % =."2'& )%# & ( )2 ( )2
#2*2"2 &% 5'/6 % !C:* ' & # / )%# / )%#
! #2*2"2 &% %):*' *#7 ' F% %))'& H
#2*2"2 &% 5'# % ! :*'# .')' ' % ".%)'/6 % '! )*@'/6 ( )2 F%= .) . #2' &% *&%*'H
* 2% !C:* ' &% %#3&" #; '*# =7*% 2% ' &B#2)*' % ' *%&'&%
#2*2"2 (%&) " %# ## *'/6 .')' ' 5'/6 % %#% 5 !5*=% 2 %= *+ *' ' *=7)'
% ! :*'
#2*2"2 % !C:* .')' ' ") .' =" *2?)*' *#7 ' F% %))'& H
#2*2"2 &% % ! :*' % 5'/6 .')' ' &%) *@'/6 =.)%#')*'! *#7 ' F% %))'& H
#2*2"2 &% %#% 5 !5*=% 2 &% 5'# % ! :*'# !='&'
82 1.57:2 46.675.L 4:5A % 2) ( )2":"+# &% =

" & ' (

)%&% &% / > 6' F #H, !' /'&' %= QQ1 .%!' =" *&'&% ") .%*' =
78% 2*5 &% * 2%)!*:') '# )%&%# &% '. * ' ( #, = #%8 '= '# # % # % 2) # ") .%"# &%
< )='/6 , 2% & = <* '!*&'&% .)* *.'! <' *!*2') ' 2)' #<%)+ *' &% 2% ! :*' &% % .')'
%=.)%#'# % % 2) # &% * 5%#2*:'/6 %") .%"# E*#2%= % 2) # ' *6 ") .%*', 2% &
( )2":'! "= % 2) , ( )2":'! F ( H :+ *' &% 5'/6 , %= ' 2' ')*' &' I%*)' #2'
)%&% 2 ) " #% "= & # .)* *.'*# ' 2 )%# .')2% ')*'& % 2)% ( #, < ) % % & #%)5*/ # &%
' =.' -'=% 2 . ) -% %& )%# & # .%)<*# &'# %=.)%#'# )%:* '!=% 2% *=.!' 2'&'# % &
' #"' ='* )*' #C) * #, %#26 2*.* '=% 2% #%&%'& # %= ):' *#= # .B7!* # = % 2) #
2% !C:* # " *5%)#*2?)* #, >=')'# &% =9) * , ':+ *'# &% &%#% 5 !5*=% 2 )%:* '! %
':+ *'# &% * 5'/6 ' * '*#

2)' #<%)+ *' * 2%) ' * '! &% 2% ! :*'# * 5'& )'# 9 . 2% *'&' .%! # .) = 5% &
' )& # ' 35%! &% %=.)%#' .')' "# &% !* % /'# &% "2*!*@'/6 , " ' )& #
=%) *'*# = '##*#2+ *' 29 * ' #2%# % 2) # .) = 5%= ' '5'!*'/6 &'# % %##*&'&%#
2% !C:* '# & # !*% 2%#, % 2)'= .') %*) # '&%4"'& # % &6 '##*#2+ *' # .'## # %: *'*#
& # .) %## # &% 2)' #<%)+ *', * !"* & ' 35%! &% <* ' *'=% 2 =%) '& &% '.*2'*# " &%
&*)%*2 # &% .) .)*%&'&% * &"#2)*'! & # # % 2) # %#26 !*:'& # ' "= #*#2%=' U%7, :
: 96 ?
::9@ , &% < )=' 4"% ' <%)2' % ' .) ")' &% 2% ! :*'# 9<' *!=% 2% &*<" &*&'
%#.'/ %") .%"

) !
!

# I )/'# )='&'# . ##"%= 5'!+ *'# &% * 5%#2*:'/6 4"% . &%= #%) 5'! )*@'&'# #2*2"2
% :)?<* & E9) *2 F % H, )*'& %= QQ 9 C):6 )%#. #?5%! .%!' * < )='/6 :% :)?<* '
& E9) *2 , &%.% &% & -*%)?)4"* ' % <" * '!=% 2% & =' & &% :3#2* ' # 2%B& #
#6 '&4"*)*& # %= 5?)* # #". )2%# % ! '& # A &*#. #*/6 &% "2*!*@'& )%# =*!*2')%# % *5*#
)% % 2% )*'/6 & % 2) &% %#% 5 !5*=% 2 % %#26 &' < )='/6 & 2 " #2*2"2
% :)?<* & E9) *2 &% "=' 5%)2% 2% <" &'=% 2'!=% 2% 5 ' * '&' .')' ' * 5%#2*:'/6 ,
&%#% 5 !5*=% 2 &% 5 # .) &"2 # % '.!* '/$%# % 9"=' &'# =. % 2%# &' <)'
%#2)"2")' % :)?<* ' &% '& # & E9) *2 , .%)=*2* & 4"% % &*#. -' &% "=' 7'#% &%
&'& # 23 "' &% 2 & 2%))*2C)* ' * '!, % * 2%:)' & &*5%)# # .) &"2 # . ) #* .) &"@*& #

#2*2"2 *&) :)?<* , )*'& %= QG0 % .)%#% 2%=% 2% "= & # '7 )'2C)* # &% #2'& , 9 "=
C):6 % 2)'! &% '&=* *#2)'/6 &' ')* -', & 2'& &% '"2 =*' '&=* *#2)'2*5' % <* ' %*)', '
&*)% 2' &%.% &+ *' & -%<% & #2'& '* ) &' )='&' %= 5* & ' % 2)') ' #"' ' 2*5*&'&%
%#2"& , * 5%#2*:'/6 % &*5"!:'/6 &% ='29)*'# )%!' * '&'# = '# *+ *'# % 29 * '# & =')
#2' ' 2*5*&'&% 2 ) " #2*2"2 *&) :)?<* )%!%5' 2% .')' &%#% 5 !5*=% 2 ' * '! ' ?)%'
&' %' :)'<*', * !"* & ' ')2 :)'<*' ?"2* ', %#2"& &'# =')9# % ' &%<%#' & '=7*% 2%
=')* - #2*2"2 *&) :)?<* 2%= #% * 2%:)'& .) :)%##*5'=% 2% #*#2%=' *% 23<* %
2% !C:* ' * '!, #% 2 ) &' * 5%#2*:'/6 & =')9 2)*7"* .')' ' 5'! )*@'/6 & # )% ")# #
'2")'*# & ('3# % '# )%!'/$%# * 2%) ' * '*# &% .%)'/6 29 * ' % *% 23<* ' = # .'3#%#
'<)* ' # &% !3 :"' <* *'! . )2":"%#' 2)% '# #"'# '2)*7"*/$%#, * !"* #% ' 7%)2")' ')2 :)?<* '
&'# ?:"'# * 2%)* )%# % 2%))*2 )*'*#, %#2"& # &% &%#% 5 !5*=% 2 % '.!* '/6 & # * #2)"=% 2 #,
=92 & # % 29 * '# &% '5%:'/6 , -% *=% 2 %' :)?<* & !*2 )'! % &' @ ' % C=* '
%E !"#*5', ' /$%# &% * 5%#2*:'/6 & =3 * &' -*&) :)'<*', &' '5%:'/6 , &' %' :)'<*' % &
'=7*% 2% =')* - % ' 2*5*&'&% &% < )='/6 % %#.% *'!*@'/6 &% .%## '! =*!*2') % *5*!

'&%=*' &' I )/' 9)%' ( )2":"%#' FI (H .) = 5% * 5%#2*:'/6 '# ?)%'# &'# *+ *'#
%E' 2'# % &' % :% -')*' * 5%#2*:'/6 *% 23<* ' %#2%# & =3 * # 9 .) = 5*&' %= * <)'
%#2)"2")'# !'7 )'2 )*'*# B * '# .'3# .%!' #"' %#.% *<* *&'&% .')' ' 2*5*&'&%# &% * 5%#2*:'/6 %
&%#% 5 !5*=% 2 #% 2 ) '%) %#.' *'!, * !"* & ' %./6 , .) 8% 2 , 5'!*&'/6 % %)2*<* '/6
* 5%#2*:'/6 ' I ( %#2? )*% 2'&' 2'=79= .')' ' .C# :)'&"'/6 &% =*!*2')%# 4"% .%)=*2' A
* #2*2"*/6 ' %E.! )'/6 ))% 2' &' *+ *' % % ! :*' '&%4"'&' ' 5 # % ?)* # = 4"% #%
<) 2' < )='/6 '5' /'&' &% * 5%#2*:'& )%# % & % 2%# ='2%)*'!*@' #% '2)'59# &'
4"'!*<* '/6 ' '&9=* ' &% =*!*2')%# %= P * - # &% %E %!+ *'R

* +

# % 2*&'&%# )%#. #?5%*# .%!'# . !32* '# .B7!* '# % '&=* *#2)'2*5'# 2+= "= .'.%! % 2)'! '
&%#%=.% -') ' !*:'/6 %= #*#2%=' &% 2 & # ' 2 )%# & "'&) ' * '! &% 5'/6 #2'#
% 2*&'&%# #6 %#4"%!%2 # 7)% 4"'! #% . &% )%'!*@') ' 5'! )*@'/6 &' * 5'/6 % &

W
-% *=% 2 ' 35%! % C=* % # *'! '# ' ?!*#%# )% % 2%# ' # &%#%=.% - # &%#2'#
% 2*&'&%# )%##'!2'= )*2* '# A #"' ')2* "!'/6 , &% ))% 2% &% "=' %E %##*5' #%.')'/6 % 2)%
. !32* '# &% *+ *' % 2% ! :*' % . !32* '# &% %=.)%#' "*2'# &%#2'# &%<* *+ *'# )'&* '= '#
.)%=*##'# & # "'&) # =" *2?)* # &% . * F H, 4"% 2+= %5*&% *'& ' '"#+ *' &% "='
%#2)'29:*' &" % 2% ' "=' . !32* ' * 2%:)'&' &% * 5'/6

(')% % #% #"'! 4"% ' ):' *@'/6 &'# . !32* '# .B7!* '# #% &%5%)? '!2%)') #% 2*& &% "=
= &%! &% : 5%) '/6 ='*# % 2)'& , 2)' #5%)#'! % * 2%:)'& ) &% = & ' 4"%, .)CE*=
"'&) =" *2?)* &% . * D 00 0 ('3# #%8' '.'@ &% = 7*!*@') ='*#
#*: *<* '2*5'=% 2% # <" & # &' *6 ") .%*' .')' &%#% 5 !5*=% 2 *% 23<* % 2% !C:*
= '.!* '/6 % C=* ' ##' 9 ' !* -' &'# .) . #2'# '.)%#% 2'&'# & "=% 2 P()* )*&'&%#
#2)'29:* '# & 00 0 R, ' %E ' () :)'=' ' * '! &% /6 .')' )%# *=% 2 %
=.)%: F( H,W 4"% #2*2"* ' 7'#% .')' ' &%<* */6 &' .) :)'='/6 & # I" & # #2)"2")'*#,
& I" & &% %#6 % & # () :)'='# .%)' * '*# .)CE*= .%)3 & )%2*@'/6 &%#2%#
.)* 3.* # )*% 2'& )%#, .')2* "!')=% 2% 4"' 2 ' .)* 3.* &' % 2)'/6 , 2%= #%4"+ *'#
#*: *<* '2*5'# .')' &%#% - & % & # () :)'='# .%)' * '*#, .) . & #% "='
=%2 & ! :*' &% :%#26 ='*# '!* -'&' = .)* )*&'&%# %#2)'29:* '# .) . #2'#, "= B=%) ='*#
!*=*2'& &% & =3 * #, ='* ) #%!% 2*5*&'&% % #"#2% 2'7*!*&'&% <* ' %*)' (')% % &%#%8 ?5%! 4"% #%
.'##% &% "=' !C:* ' &% ))%#. &+ *' % 2)% 2*. &% <" & # %#2)"2")'! % .) :)'='
.%)' * '!, .) = 5% & ' 2%# ' &*5%)#*<* '/6 &'# < 2%# &% <* ' *'=% 2 =" *2?)* %
'"=% 2 #*: *<* '2*5 & .%# & # <* ' *'=% 2 # .) .* *'& # .%! # * #2)"=% 2 # &'# . !32* '#
* 2%) '#

%#2% % ?)* <"2") &% )%#. #'7*!*@'/6 &% 5?)* # .) :)'='# " * 2%)5% /$%# .%)' * '*# '
)%2*@'/6 &% =%2'# %#2)'29:* '# &' #2)'29:*' &% *#7 ' &% ))%= *=.!* '/$%# .')' ' :%#26
&'# % 2*&'&%# .B7!* '# ' ?)%' &' . !32* ' &% * 5'/6 , 4"% #6 '.)%#% 2'&'# '7'*E

'7%!' 0 D ()* *.'*# 2*&'&%# (B7!* '# ' [)%' &' ( !32* ' &% 5'/6

1
<.:4
M.CD0 71 L497 4 55D0
*%&'&% C *=' #2*2"3&' %= QQ , "8 78 % 2*5 # *'!
#*#2% %= .) = 5%) % &%#% 5 !5%) ' /$%# &%#2* '&'# ' '. *') '
5'/6 =.)%#')*'! % ' )' #<%)+ *' % !C:* ' 2% *&
:+ *' &% 5'/6 , % C=* ' * '! :+ *' &' 5'/6 .) ")', =
=%&*'& ) '# ?)%'# &% * 5'/6 , &%#% 5 !5*=% 2 &' #"'
' 2*5*&'&% '8 "&' & ' %#2'7%!% %) % )%< )/') ' !*:'/6 % 2)% '#
#2*2"*/$%# &% 5%#2*:'/6 % %#% 5 !5*=% 2 F J H % 2% *&
%=.)%#')*'!
L "=' .%## ' !% 2*5' &% &*)%*2 .B7!* = '2")%@'
%=.)%#')*'! 4"% 2%= = 78% 2 .) = 5%) ' 2*5'=% 2%
:+ *' ( )2":"%#' .')' 5%#2*=% 2 , (
&*/$%# .) .3 *'# % '. * # A )%'!*@'/6 &% :)' &%# .) 8 % 2 # &%
* 5%#2*=% 2 , &% )*:%= ' * '!, % &% .) 8 % 2 # &% )*:%=
%#2)' :%*)'
L "=' .%## ' !% 2*5' &% &*)%*2 .B7!* , "8 ' ' 2*5*&'&% 4"% #%
&%#% 5 !5% ' ! : & # #%:"* 2%# 5% 2 )%#; H 2) !') '#
%#2)'29:*'# %=.)%#')*'*# % =7'2%) '# .)?2* '# )%#2)*2*5'# %
'7"#*5'# = 5*#2' ' '##%:")') "= 35%! '&%4"'& &%
))+ *'M H &% 2*<* ') =%) '& # %= 4"% ' ))+ *' %#2%8 '
82
014
6.67 6. 0:;01
1>:;4
. )%#2)* :*&' % .) = 5%) # !"/$%# %= 7% %<3 * & # #"=*& )%# %
4"% =%!- )%= ' %<* *+ *'M H !%5') ' # *+ *' .B7!* ' # 7)%
2%E2 % 7% %<3 * # &' ))+ *'M NH () . ) * ') #%)5*/ # '
: 5%) , A# ':+ *'# &% )%:"!'/6 % A # *%&'&%, < )=%# =
# .'&)$%# &'# =%!- )%# .)?2* '# ' 35%! * 2%) ' * '!M 1H
(')2* *.'/6 &% %!%5'&' )%&*7*!*&'&% '# %!'/$%# 2%) ' * '*#
L C):6 )%#. #?5%! . ) .) = 5%), &%#% 5 !5%) % ' =.' -') '
%E.' #6 , )% 5'/6 % 5'! )*@'/6 & # <3 * # % =* ) %=.)%#'#
D =*##6 ' * '! .')' ' () = /6 & # <3 * # % &'# ')2%#' '*#, =%'&'=% 2% '2)'59# &' %!'7 )'/6 &% .) . #2'# &%
* ) %=.)%#'# )2%#' '*# .!' # ' "'*# &% ' 2*5*&'&%# % )%#.% 2*5 ' =.' -'=% 2 ,
'.)%#% 2'/6 &% .) . #2'# &% * * *'2*5'# % %!'7 )'/6 &% )%!'2C)* #
# 7)% ' #"' ' 2*5*&'&%

L "= %!- #"!2*5 & * * " ' 2*5*&'&% %= T ' %*)


#%!- ".%)* ) &% *+ *', % ! :*' % 5'/6 &% 00N 2% & .) &"@*& * B=%) # .')% %)%# %= 2C.* #
)%!%5' 2%#, 4"% < )'= ."7!* '& # %= 5 !"=% %= I%5%)%*) &% 001
F)%!'2C)* ' "'! 00NH
* * " ' 2*5*&'&%# %= : #2 &% QQ =*##6 &' I 9
.) = 5%) '5' / & -% *=% 2 *% 23<* % 2% !C:* %=
D I" &'/6 .')' ' *+ *' % % ! :*' ( )2":'!, = # 78 % 2*5 # &% H () = 5%), <* ' *'), ' =.' -')
% '5'!*') * #2*2"*/$%# &% *+ *' % 2% ! :*', .) :)'='# % .) 8 % 2 #
&% *+ *' % 2% ! :*', < )='/6 % 4"'!*<* '/6 & # )% ")# #
-"=' #M H () = 5%) ' )*'/6 % )%< )/ &% * <)' %#2)"2")'# &%

7
&* - % *=$%#, P J , 5'/6 % =.)%% &%& )*#= , 00 0 R, %!'2C)* I* '!, ,T
"!- &% 001
8
() :)'=' ' * '! &% /6 .')' )%# *=% 2 % =.)%: F( H

Q
'. * A * 5%#2*:'/6 *% 23<* ' % ' &%#% 5 !5*=% 2 2% !C:* M
H .) = 5%) ' &*<"#6 % ' &*5"!:'/6 &' "!2")' % & -% *=% 2
*% 23<* % 2% !C:* , % & % #* &' *+ *' % &' 2% ! :*'
L "= * #2*2"2 .B7!* 4"% 2%= . ) 78 % 2*5 .) = 5%) % %E% "2')
. !32* '# &% %#23="! ' &%#% 5 !5*=% 2 %=.)%#')*'!, 5*#' &
D #2*2"2 &% . * ?# (%4"% '# % 9&*'# =.)%#'# % '
)%< )/ &' =.%2*2*5*&'&% % &' .) &"2*5*&'&% &'# =* ) %=.)%#'#
5%#2*=% 2 , (
% &'# .%4"% '# % =9&*'# %=.)%#'# . )2":"%#'# 4"% %E%)/'= '
#"' ' 2*5*&'&% '# ?)%'# # 7 2"2%!' &
#2*2"2 & =.)%: % I )='/6 () <*##* '! F I(H, )*'& %=
Q Q F % )%2 %* 1 Q Y Q, &% Q &% %@%=7) H, 9 "=
):' *#= .B7!* , # 7 ' 2"2%!' & * *#29)* & )'7'!- % &'
!*&')*%&'&% *'!, ' 4"'! =.%2% ' %E% "/6 &'# . !32* '# &%
%=.)%: % < )='/6 .) <*##* '!, &%<* *&'# % '.) 5'&'# .%!
D #2*2"2 & =.)%: % I )='/6 () <*##* '!
: 5%) # 1 %!%:'/$%# %:* '*#, &*#2)*7"3&'# .%! ('3#, &%
' )& = '# )%:*$%# %#2'7%!% *&'# .')' '# =*##$%# &%
)&% '/6 %:* '!, % 4"'&)'= WG % 2) # &% =.)%: ,
% 2) # &% I )='/6 () <*##* '! &% %#26 *)% 2', % 2) &%
%'7*!*2'/6 () <*##* '! % W % 2) # &% . * A )*'/6 &%
=.)%#'#
L "= * #2*2"2 .B7!* 4"% %E%) % ' #"' ' 2*5*&'&% # 7 2"2%!'
<" * '! & * *#2) &' =*' % &' 5'/6 %, %= ='29)*'
)%!'2*5' ' &*.! =' *' % C=* ', # 7 ' 2"2%!' & * *#2) & #
%:C * # #2)' :%*) # %#% 5 !5% % %E% "2% . !32* '# &% '. * A
012
8<.9
Q
* 2%) ' * '!*@'/6 &' % =*' . )2":"%#', A .) = /6 %
&*5"!:'/6 &'# ' 2*5*&'&%# % C=* '#, =%'&'=% 2% ' ?)%' &
=9) * &% 7% # % #%)5*/ #, &' *=':%= &% ( )2":'! % &'# =') '#
. )2":"%#'# %E2%)* )
L "= * #2*2"2 .B7!* 4"% 2%= . ) 78 % 2 ' .) = /6 &'
.) 2% /6 &' .) .)*%&'&% * &"#2)*'!, 4"%) ' 35%! ' * '! 4"%)
#2*2"2 ' * '! &' () .)*%&'&% &"#2)*'! * 2%) ' * '!, &% ' )& = ' . !32* ' &% = &%) *@'/6 %
< )2'!% *=% 2 &' %#2)"2")' %=.)%#')*'! & ('3#, =%'&'=% 2%
%= !'7 )'/6 = '# ):' *@'/$%# * 2%) ' * '*# %#.% *'!*@'&'#
' ='29)*', &'# 4"'*# ( )2":'! 9=%=7)
L "=' ## *'/6 .)*5'&' #%= <* # !" )'2*5 # F 1^ ( M 1^
H 4"% .) = 5% ' :%)'/6 &% "= #*#2%=' &% * 2%!*:+ *'
=.%2*2*5' % 2)'&' # =%) '& #, 2% ! :*'# % .) &"2 #,
* !"* & ' %./6 *=.!%=% 2'/6 % '5'!*'/6 * 2%:)'&' &%
A 2%!*:+ *' %= 5'/6 % 2) &% 5'/6
.) :)'='#, %#2)'29:*'# % . !32* '# * &"#2)*'*#, 2% !C:* '# % &%
* 5'/6 %7% % '5'!*' . !32* '# .B7!* '#M :%)' % &*<" &%
* < )='/6 %#2)'29:* ' % < ) % % # !"/$%# * 2%:)'&'# &%
-% *=% 2 ' =%) '&
L "= * #2*2"2 .B7!* , = ):' *@'/6 #*=.!*<* '&', 4"%, =
):' *#= ' * '! &% ' )%&*2'/6 , 2%= . ) 78 % 2*5 )% -% %) '
D #2*2"2 ( )2":"+# &% )%&*2'/6 , ( =.%2+ *' 29 * ' & # ':% 2%# &% '5'!*'/6 &' < )=*&'&%
' 2"' 2%# =%) '& , &% ' )& = )%<%)% *'*# )='2*5 #
.)%%#2'7%!% *& #
L "= * #2*2"2 .B7!* )%#. #?5%! .%!' :%#26 , )&% '/6 :%)'!
% &%#% 5 !5*=% 2 & *#2%=' ( )2":"+# &' "'!*&'&% F (
% )%2 %* N0Y 00N, &% W &% T " - H % 4"'&)'=% 2 !%:'!
.')' # '##" 2 # &' "'!*&'&%, ' 35%! ' * '!, & =3 *
D #2*2"2 ( )2":"+# &' "'!*&'&%, (
5 !" 2?)* 7%= = &% "2) # #*#2%='# &% 4"'!*<* '/6
& =3 * )%:"!'=% 2'), 4"% !-% #%8 '= <%)*& # . ) !%*
>=7*2 & ( , ( 9 ):' *#= )%#. #?5%!, %= ( )2":'!,
.%! &%#% 5 !5*=% 2 &% ' 2*5*&'&%# &% )='!*@'/6 , %2) ! :*' %
"'!*<* '/6
L "= * #2*2"2 .B7!* 5 ' * '& .')' )%< )/ &' 4"'!*&'&% %
%<* ? *' & #*#2%=' &% < )='/6 .) <*##* '! %= ( )2":'! #2%
):' *#= &% '. * %#2)'29:* A .) <*##* '!*@'/6 %
D #2*2"2 (')' ' "'!*&'&% &' I )='/6
&%#% 5 !5*=% 2 &'# % 2*&'&%# % .) <*##* '*# &% < )='/6 ,
&%#% 5 !5% .) 8 % 2 # 4"% 5*#'= )*') "= #*#2%=' &% < )='/6
='*# %#2)"2")'& , 4"'!*<* '& % '&%4"'& A# % %##*&'&%# &'#
.%## '# % &'# ):' *@'/$%#
D '7 )'2C)* # &% #2'& &

L "= * #2*2"2 .B7!* )*'& = D *&'&% &% *##6


5'/6 % -% *=% 2 1Y 00 &% 0 &% 5%=7)
.'##' & . #2%)* )=% 2% ' :+ *' .')' ' *%&'&% &
D :+ *' .')' ' *%&'&% & -% *=% 2 , ( -% *=% 2 , ( .%! % )%2 %* GY 001 &% W &% T ' %*) M
& 2'& &% .%)# '!*&'&% 8 ")3&* ', = '"2 =*' '&=* *#2)'2*5' %
.'2)*=C * .)C.)* %= . ) =*##6 .!' %'=% 2 , ' )&% '/6
% &%#% 5 !5*=% 2 &% .) 8 % 2 # '# ?)%'# &' # *%&'&% &%
* < )='/6 % & : 5%) %!% 2)C *

.') &' * &*#.% #?5%! <!%E*7*!*@'/6 % ':*!*@'/6 & # .) %&*=% 2 # '&=* *#2)'2*5 #, *=. )2'
%#2*="!') ' .%)'/6 % 2)% '# ':+ *'# % &%<* *) !')'=% 2% '# #"'# =*##$%# >=7*2 &'
. !32* ' % C=* ' Q # 7)%. #*/6 &% )%#. #'7*!*&'&%# D = #" %&% = '. * ' #
#C) * # &% J , . ) %E%=.! D " ' %E*#2+ *' &% -*'2 # &% 6 9 . ##35%! '
)%#. #'7*!*@'/6 , 2+= &% #%) %5*2'& # <"2") L % %##?)*' "=' 5*#6 &% 8" 2 &'# =%&*&'#
)%!%5' 2%# "= &%2%)=* '& %*E &% . !32* ' % &% <" /$%# &%#%=.% -'&'# .%! # &*5%)# # C):6 #
&' &=* *#2)'/6 (B7!* '

9
&* - % *=$%#, P 5 &%! &% 5%) '/6 & ; =.!* '/$%# .')' '# 2*&'&%# (B7!* '# ' [)%'
&' ( !32* ' &% 5'/6 R #2"& %'!*@'& .')' ' ( , "2"7) 001

0
' ?!*#%, %= )'& % &* - F 001H, & # ):' *#= # % :+ *'# (B7!* '# =
)%#. #'7*!*&'&% &*)% 2' ' :%#26 &% '. * ' * * *'2*5'# &% J .) ") " &%#% -') ='.' &'#
= &'!*&'&%# &' #"' * 2%)5% /6 , =%/' & . ) *&% 2*<* ') '# * #2*2"*/$%#, =%' & '# #"'#
%#<%)'# &% ' /6 , % "=%)' & ' 4"'!*&'&% % * 2% #*&'&% &%##' ' /6 = *=.!* '/$%# ='*# "
=% # &*)% 2'# =%* %=.)%#')*'! * 5'& ) ( #2%)* )=% 2%, '5'!* " #% &' * 2%)' /6 &%#2'#
):' *@'/$%# #%!% * '&'# = # 2*. # &% * 2%)5% /6 , .')' '<%)*) &' #"' '&%4"'/6 ' #
78% 2*5 # &% . !32* '# &% * 5'/6 2)' #5%)#'*# % #*#29=* '# )% 2%E2"'!*@' & , <* '!=% 2%,
78% 2 &'# #"'# =*##$%# 5 4"'&) &%<* *& .')' "= -*. 292* &%#% - & %#2%
%#< )/ &% #*#2%='2*@'/6 '. 2')'= #% #%*# :)' &%# ?)%'# &% * 2%)5% /6 , '. 2'&'# ' !" '
&' %#4"%)&' & 4"'&) 0;

' 35%! &'# * #2*2"*/$%#, ' ' /6 )='2*5' & #2'& F!%:*#!'/6 :%)'!, )%:"!'=% 2'/$%#
%#.% 3<* '#, )='!*@'/6 , &*)%*2 # &% .) .)*%&'&% % %E% "/6 HM
# * % 2*5 # .% " *?)* # &*#. *7*!*@'& # ' #*#2%=' %=.)%#')*'! F& # * % 2*5 # <*# '*# '
'.*2'! &% )*# HM
# #%)5*/ # 29 * # &*)*:*& # A# %=.)%#'#M
* 5%#2*=% 2 % ' %: *'/6 &% :)' &%# .) 8 % 2 # <*:")'& # A
'# &*/$%# 2%E2"'*# &' ' 2*5*&'&% %=.)%#')*'!, &% #% * !"* & % #* , < )='/6 "
<* ' *'=% 2 &' J % ' .) #.% 2*5'M
% '# ' /$%# &% .) = /6 ' 2*5' &% ="&' /' %#2)"2")'! % &% "!2")' * #2*2" * '!

#2'# ?)%'# #6 &%. *# &%2'!-'&'# "= 2 2'! &% #%##% 2' % 5% 2*. # &% * 2%)5% /6 '# !" '#
#%:"* 2%#, )%<%)% *' & ' )%#. #'7*!*&'&% &*)% 2' . ) %##'# * 2%)5% /$%# = C&*: &% )%#
%#2'7%!% % ' &*<%)% *'/6 % 2)% '# ' /$%# * 2%*)'=% 2% )%'!*@'&'# .%!'# % 2*&'&%# #%!% * '&'#
%#2"& F'@"! !') H, '# ' /$%# .') *'! " #% " &')*'=% 2% )%'!*@'&'# . ) %#2'# F'@"! %# ") H, '#
' /$%# )%'!*@'&'# . ) % 2*&'&%# 6 #%!% * '&'# F * @'H % <* '!=% 2% '# ' /$%# 4"% %=7 )'
#%8'= )%!%5' 2%#, 6 #6 .) ##%:"*&'# . ) % -"=' % 2*&'&% & %#.% 2) ' * '! F7)' H
%#2"& .) .$% '* &' "=' !'##*<* '/6 &' ' /6 &'# % 2*&'&%# .B7!* '# "=' %# '!' &% ' 1,
5')*' & &%#&% * 2%)5% /6 * *.*% 2% F H ' %E %!% 2% F1H, '&=*2* & * 2%)5'! # &% 5'! ) # '# #
&% * 2%)5% /6 ="*2 &*5%)#*<* '&' #3=7 ! θ < * "#'& .')' *&% 2*<* ') ?)%'# 6 .) ##%:"*&'#
%= ( )2":'!

' ' ?!*#% &' 2'7%!' )%##'!2', .')' '!9= &% "=' @ ' &% #', ' 4"% ))%#. &% '
* 2%)5% /6 P !?##* 'R & #2'& % %= 4"% %#26 ='* )*2')*'=% 2% % 5 !5*&'# % 2*&'&%# .B7!* '#
4"% 6 '# & " *5%)# &% ' ?!*#%, "=' ?)%' &% ='* ) &% #*&'&% )%!'2*5', 4"% ))%#. &% A#
* 2%)5% /$%# &%#*: '&'# = P'. * # .% " *?)* #R '# % 2*&'&%# 7#%)5'&'#, ( F 0H,
I( F 0H % ' & F GH 2+= ='* ) B=%) &% <" /$%# *&% 2*<* '&'# ' ='2)*@, 4"% &% ))% &'
#"' '2")%@' &% * #2*2"2 # .B7!* # = "=' -*#2C)*' ! :' % & 2'/$%# )/'=% 2'*# %E.)%##*5'#
( ) "2) !'& , 9 2C)* "= &9<* % &% * 2%)5% /6 " "=' * 2%)5% /6 =% # %<* '@ '#
' 2*5*&'&%# #*#2%=?2* '# &% )% !-' % &*<"#6 &% * < )='/6 , 4"'! #% * !"*" ' .) #.% 2*5' %
) =.%2*2*5 # '"2 )%# )%<%)%= %#2% 4"% P. "

. %

=% ) &% #*&'&% % %E*#2+ *' &% !' " '# ' ?)%' * <%)* ) &' 2'7%!' 92'!5%@' ='*# .)% ".' 2%,
. *# %E.)*=% "=' * 2%)5% /6 &97*! " "!' %= )%!'/6 ' '#.% 2 # % 2)'*# &' &* '=*@'/6 &
#*#2%=' &% * 5'/6 #%" 8" 2 #2' #2'2'/6 &%= #2)' ' * %E*#2+ *' &% 4"'!4"%)
% 2*&'&% 4"% '##%:")% ' )&% '/6 &' . !32* ' &% * 5'/6 ' #"' :! 7'!*&'&% % .%)=*2% '
.) . #*/6 ; P
; ; $ 4
$ %

"' 2 A %<* ? *' &'# ' /$%# 4"% #6 &%#%=.% -'&'#, '5'!*'&'# .%!' =92)* ' .) . #2' FB!2*='
!" ' &' &*)%*2'H ' !'):' ='* )*' &'# ' /$%# #*2"' #% "= .'2'=') &% 5'! )%# * 2%)=9&* # F H,
))%#. &% 2%# ' 35%*# =9&* # &% &%#%=.% - , ' .') &% '!:"='# ' /$%# = 7 # 35%*# &%
4"'!*&'&% FN 1H % "2)'# <)' '=% 2% %:'2*5'# F H [)%'# = # P#%)5*/ # 29 * # A#
%=.)%#'#R, % '. * ' &%#% 5 !5*=% 2 &% =.%2+ *'# &% :%#26 % ):' *@' * '*#
2+= * 2%)5% /6 !')'=% 2% &%<* *2?)*' '.%#') &%, "=' .%)#.% 2*5' &% . !32* ' &% * 5'/6 '2% 2'
' %#23="! % A &*<"#6 &% * 5'/6 , #%)%= % 2)'*#
'7%!' D [)%'# &% * 2%)5% /6 & # ):' *#= # (B7!* # % '5'!*'/6 &' #"' ' /6
F &'.2'& &% &* - % *=$%#, P 5 &%! &% 5%) '/6 & ;
A valiação da
=.!* '/$%# .')' '# 2*&'&%# (B7!* '# ' [)%' &' ( !32* ' &% 5'/6 R Eficácia da
A cção na
#2"& %'!*@'& .')' ' ( , "2"7) 001H Outras P erspectiva
Entidades da Ino vação

Á re a s N a t ure za da s á re a s de int e rv e nç ão
1. Intervenção clássica A cção No rmativa Legislação geral 2
Regulamentação específica Segurança alimentar 3-4
que afecta empresas Segurança medicamento s 4-5
(co ntro lo de externalidades) Segurança no trabalho 2-3
P ro trecção dos co nsumido res 3
P ro tecção ambiental 4
Regulação de mercados Leis da Co nco rrência x 4
M ercado trabalho x 2-3
M ercado financeiro 1-2
No rmalização x 3
Direito s de pro priedade Realização e Co nservação de Registo s, autorizaçõ es e alvarás… 2
A tribuição de direito s de pro priedade intelectual x 4
Obrigaçõ es das empresas Fo rmalidades de criação e encerramento de empresas 2-3
Segurança So cial 2-3
Fiscalidade 2
Enfo rcement A ctividades preventivas e de fiscalização x x x x x x x 2-3?
Sistema Judicial 2?
2. A po io s P ecuniário s Subsídio s x x x x x x x x 3-4
Incentivo s Fiscais x x x 2-3
Incentivo s reembo lsáveis e bo nificaçõ es de juro s x x x 3
Garantias de Crédito x 4
Fundo s de Capital de risco x x 2
3. Serviço s Técnico s A po io no A cesso a mercado s Info rmação so bre co ndiçõ es de pro cura 2
A cesso a mercado s internacio nais ( info rmação , pro specção de mercado s, serviço s de supo rte) 2
Qualidade Certificação e metro lo gia (indução do uso e apo io ) x 2-3
Serviço s Técnico s de design 2
A po io tecnoló gico , serviço s de Difusão de info rmação tecno ló gica x x x x x x 3
extensão Intermediação tecno ló gica x 2
A udito ria Tecno ló gica x 2
Co nsulto ria e A po io tecno ló gico x x x 2-4
Demo nstração x 1-2
A cesso a co nhecimento s tecno ló gico s externo s x 1
A po io à gestão Co mpetências de gestão e o rganizacio nais x x x 2
4. P ublic P ro curement Nego ciação de grandes pro jecto s 1
Implementação de co ntrapartidas 1-2
Extensão a no vas áreas (so ciedade de info rmação …) x 3?
5. Co ndiçõ es Co ntextuais Sistema educativo e de fo rmação Ensino ()níveis I, II e III) 1-4
Fo rmação pro fissio nal x x x x 2-3
A prendizagem ao lo ngo da vida x x 2
Financiamento de I&D I&D básica x 3-4
I&D pré-co mpetitiva x x 2
Technology screening , compet it ive int elig ence A ctividades sistemáticas de reco lha e difusão da info rmação , incluindo acçõ es de benchmarking co mpetitivo x 1
Fo resight Dirigido às empresas (pro spectiva tecno ló gica…) 1
Orientado para po licy-making 2
A ntecipação de necessidades de qualificaçõ es x 3?
P ro mo ção da imagem externa de P o rtugal 1-2
6. P ro mo ção ma A cçõ es Estruturais (de natureza Dirigidas a empresas P o lítica de empreendedo rismo x x 2
mudança estrutural e selectiva, em o po sição a " acçõ es Estímulo a start-ups e empresas de base tecno ló gica x x 2
institucio nal horizo ntais") Estímulo a empresas de alto po tencial de crescimento 0
A po io a núcleo s de I&D nas empresas x 3
Dirigidas a secto res Favo recimento de secto res de maio r po tencial (emprego , co nhecimento …) x x 2
A tracção de IDE x 2
M udança Institucio nal A cçõ es sistémicas P ro mo ção da co o peração x x 2-3
P ro mo ção de redes x 2
P ro mo ção de clusters 0
A titudes e compo rtamento s Empresas P ro fissio nais de gestão x x 2
Racio nalização do s pro cesso s de gestão x x 2
Racio nalização energética x x 3
Co nservação ambiental x 3?
Qualidade x 2-3
A quisição activa de co mpetências x x x x 2-3
A titude face ao risco 0
Co mpo rtamento ino vado r x x x 2
Internacio nalização x x x 2
So ciais A titude face a mudança e flexibilidade 2
Iniciativa e empreendedo rismo 0
Excelência 0
Cultura cientíofica e técnica 3-4
Sustentabilidade ambiental 2-3

LEGENDA A cçõ es integralmente realizadas pelas entidades discriminadas


A cçõ es parcialmente realizadas o u acessó rias das entidades discriminadas
A cçõ es realizadas po r " o utras entidades" que não as discriminadas
-% *=% 2 % ' * 5'/6 #6 <' 2 )%# %##% *'*# .')' )%# *=% 2 % &%#% 5 !5*=% 2 &% "=
.'3#, &% '##"=%= .')2* "!') *=. )2> *' '# . !32* '# *% 23<* '# % 2% !C:* '#, &% %&" '/6 % &%
< )='/6 , #%= '# 4"'*# #%)? ="*2 &*<3 *! "=' '.) E*='/6 ' # 35%*# &% =.%2+ *' % &%
.) &"2*5*&'&% & # .'3#%# ='*# &%#% 5 !5*& # 4"'&) & *#2%=' &% 5'/6 , % <' % A ' 2"'!
#*2"'/6 . )2":"%#' 4"' 2 A 4"'!*<* '/6 & # )% ")# # -"=' #, 9 %##% *'! "=' ')2* "!'/6
='*# %<* '@% 2)% # #*#2%='# &% %&" '/6 % &% < )='/6 , #% 2*& &% &') "=' =%!- ) )%#. #2'
A# % %##*&'&%# & =%) '& % &'# %=.)%#'#, '"=% 2' & ' #"' =.%2*2*5*&'&%

#*#2%=' &% %&" '/6 . )2":"+# %#2? %#2)"2")'& %= * :)' &%# ?)%'#; %&" '/6 .)9 %# !'),
% #* 7?#* , % #* #% " &?)* , % #* .C# #% " &?)* % % #* #".%)* ) %&" '/6 .)9 %# !')
9 &% <)%4"+ *' <' "!2'2*5' % =.)%% &% .%)3 & '29 A *&'&% &% * :)%## % #* 7?#*
F )='!=% 2% % 2)% # 1 % G ' # &% *&'&%H, 2% & ' <'=3!*' "= .'.%! <" &'=% 2'! ' %&" '/6
.)9 %# !') % #* 7?#* , &% ')? 2%) 7)*:'2C)* , 2%= ' &")'/6 &% 5% ' #, #% &
')' 2%)*@'& . ) 2)+# * ! # #%4"% *'*#; * ! F4"'2) ' # &% %# !')*&'&%H, 4"% .) = 5% "=
% #* :! 7'!*@' 2%M * ! F& *# ' # &% %# !')*&'&%H, ):' *@'& . ) ?)%'# .!")*&*# *.!* ')%# &%
< )='/6 7?#* 'M * ! F2)+# ' # &% %# !')*&'&%H, = "= 8" 2 &% &*# *.!* '# =" # %
4"% * 2%:)' 2'=79= ?)%'# 5 ' * '*# &*5%)#*<* '&'# % #* #% " &?)* , 4"% '* &' 2%= "=
')? 2%) <' "!2'2*5 , 2%= ' &")'/6 &% ' #, %#2' & ' %## &* * '& A 72% /6 &
&*.! =' & % #* 7?#* % #* #% " &?)* . &%= #%) #%:"*&'# 2)+# 5%)2% 2%#; '
' $ # 5 $ F5*#' & .) ##%:"*=% 2 &% %#2"& # ".%)* )%#, <%)* & "=
&*.! =' &% !"#6 & 35%! #% " &?)* &% %&" '/6 HM ")# # % !C:* # % ")# #
() <*##* '*# #2%# & *# B!2*= # <%)%= "=' &".!' .%)#.% 2*5' &% * #%)/6 =%) '& &%
2)'7'!- % &% .) ##%:"*=% 2 &% %#2"& # #".%)* )%#, 7%= = "= &*.! =' &% !"#6 & 35%!
#% " &?)* &% %&" '/6 % "= %)2*<* '& &% 4"'!*<* '/6 .) <*##* '! &% 35%!

% #* .C# #% " &?)* , # ")# # &% %#.% *'!*@'/6 2% !C:* ' #6 "= * #2)"=% 2
<" &'=% 2'! .')' '.) <" &'=% 2 & # -% *=% 2 # *% 23<* # % 2% !C:* #, 2)*7"* &
.')' &%#% 5 !5*=% 2 &% =.%2+ *'# .%## '*# % .) <*##* '*# '&%4"'&'# ' %E%) 3 *
.) <*##* '! 4"'!*<* '& , .) = 5% & 2'=79= .%) ")# # < )='2*5 # 4"% * 2%:)%= # 78 % 2*5 # &%
4"'!*<* '/6 % * #%)/6 .) <*##* '! % .%)=*2'= .) ##%:"*=% 2 &% %#2"& # !"#6 =
'.) 5%*2'=% 2 &% "= ")# &% %#.% *'!*@'/6 2% !C:* ' <%)% "= &*.! =' &% %#.% *'!*@'/6
2% !C:* ' % 4"'!*<* '/6 .) <*##* '! &% 35%! N >=7*2 & *#2%=' &% .)% &*@':%=, . &%=
2'=79= #%) &%#% 5 !5*& # ")# # &% %#.% *'!*@'/6 2% !C:* ' &% < )='/6 .C# #% " &?)*', 4"%
'2)*7"%= *:"'!=% 2% "= *.! =' &% #.% *'!*@'/6 % !C:* ' % 4"'!*<* '/6 .) <*##* '! &% 35%!
N

% #* #".%)* ) % :! 7' % #* " *5%)#*2?)* % . !*29 * , '7)' :% & 2'=79= % #* .C#


:)'&"'& F.C# :)'&"'/$%#, =%#2)'& # % & "2 )'=% 2 #H 2"& , #"7#*#2%=' & % #*
#".%)* ) % 2)' #% %= )%< )="!'/6 , <' % A# '!2%)'/$%# A %* &% '#%# & *#2%=' &" '2*5
F %* NQY 001, &% 0 &% : #2 H, 4"% 5*#'= %#2*="!') ' &*5%)#*&'&% % ' <!%E*7*!*&'&%, 7%= =
:')' 2*) )%!' * '=% 2 ='*# %#2)%*2 % 2)% # #"7#*#2%='# " *5%)#*2?)* % . !*29 * ,
5'! )*@' & ' %E %!+ *' %= '=7 #

(?:* ' N
I*:")' D *#2%='# &% &" '/6 % &% I )='/6 () <*##* '! %= ( )2":'!

:0567
% " ) # % "
5;09
.14
6.67
68;.C +
D0 1TI I I
5;09
.1 + + !
S 4
;90 S 4
;90 S 4
;90

:54:0 :54:0 81505 4


7:24L
4;0
J54
;0 J54
;0 IP8?.:@52
4;05
!71.9 !71.9
81
505
:54
:0 7;:09
3<4
;05
:54:0 :54
:0 :54
:0 :54:0
J54
;0 J54;0 J54
;0 :4
=71542
J14
0
!71.9 :54
:0
7;0117:27 7;011
7:27
7;011
7:27
8150567
5B7;4.9
4M.CD0 A
:54:0 :54:0 :54:0 12@
524
;0
5B7;4
.94
M.60
7;:093<4;. !
1
2@52
4;0 12@
524;0
81505
1
0L4
5540:.4
5
81505 81505 81505
R 68;.CD07 68;.CD07 68;.CD07 81505
01?.CD0 01?.CD0 01?.CD0 68;.CD07
I FT5% #Y&"!2 #H FT5% #Y&"!2 #H FT5% #Y&"!2 #H 01?.CD0
FT5% #Y&"!2 #H
:54 :0
8150567 81 50567 81 50567 09
42T;:4;0
8.94
L4;.C
D0 8.94L
4;.C
D0 8.94L
4;.C
D0
:54
:0 :4;4.9 :4;4.9
J54
;0 :4;4.9
7;011
7:27
8150567 8150567 81
50567 5B7;
B1
7:64
M.<7? 81
50567 7;:09
3<4
;.
B1
7:64
M.<7?
B1
7:64M.<7? F *#2 '.)% &*@':%=H

@
=74
567 01?.CD06.
:4D0 81
0B74
.

Fonte: &'.2'& &% I(F 001H

* ,

( &% :% %)'!*@') #% 4"% '# . !32* '# .B7!* '# )% -% %)'= &* '=*#= &'# %=.)%#'# =
<' 2 ) % 2)'! ' * 5'/6 % )*'/6 &% 5'! ) % .) ")')'= !='2') -% *&'# &%7*!*&'&%#
%#2)"2")'*# 4"% 2 ' A# =.%2+ *'# 29 * '#, % 2)'/6 %= ?)%'# &% 7'*E' " =9&*'
* ). )'/6 &% 5'! ), = #%4"% 2% =%) '& &%='#*'& *) " # )*2 , #C .')' )%<%)*)
'!:"='#

# "'&) # =" *2?)* # &% . * % ' ="!2*.!* *&'&% & # #%"# .) :)'='# % =%&*&'# < )'= . )
*## 2)'&* * '!=% 2% # * #2)"=% 2 # &'# . !32* '# &% J , * 5'/6 % %=.)%% &%& )*#=
% 2' 2 , =') ')'= .%!' &*5*#6 '# . !32* '# &% *+ *' % '# . !32* '# &% %=.)%#', &'3 )%#"!2' &
' <'!2' &% * 2%:)'/6 % %)+ *' '* &' - 8% )% !'='&'; PF H ' ))%#. &% 2% #%.')'/6
% 2% '# &"'# ?)%'#, < * )*#2'!*@'& , = # .) :)'='# %( ( % )%.!* '& =
( f ff % ( ( #%.')'/6 =' 2%5% #% ; '=. &' *+ *',
( % ( , "= 5 .) :)'=' )*% 2'& .')' ' # *%&'&% &% * < )='/6 M ' . !32* ' &%
%=.)%#', ( , = #" %## ) & # & *# ( (, '!'):' & % 2' 2 ' #"' * <!"+ *' ' #
#%)5*/ # )%5*#6 &%#2%# .) :)'='# .%! # f % f 5%) #2*2" * '*# D 2)' #< )=' &
( %= ( , ( %= ( 0 0 % ( %= ( g D 6 '!2%) " ' %##+ *' &'

(?:* ' 1
#%.')'/6 !' 2* " " 7'#* '=% 2% * '!2%)'&', 2'! = ' ))%#. &+ *' 4"'#% &*)% 2' % 2)%
#( % # * *#29)* # R 0

% )%#"!2')'= %= )%!'2*5 #" %## # 78% 2*5 # & ( *+ *' % ! :*' % 5'/6 F( H &%
'2% "') &*<%)% *'! & ## '2)'# *% 2*<* , '"=% 2' & ' 4"'!*&'&% &' * 5%#2*:'/6 .%!
)%< )/ * <)'%#2)"2")'!, % .%!' 4"'!*<* '/6 &% .C# :)'&"'& #, = "= &% ))% 2% *=.' 2 . #*2*5
' #"' * 2%) ' * '!*@'/6 , <* " '4"9= ' .)* )*&'&% &% )%< )/') ' '.' *&'&% 2% !C:* ' % '
* 5'/6 &'# %=.)%#'# % &%##% = & 2)*7"*) .')' "= '='&")% *=% 2 &% "=' "!2")'
*% 23<* ' % 2% !C:* ' .%#') & ( 2%) #*& )%5*#2 % 2)' #< )='& %= ( 0 0,
#%:"*=% 2 & !'):'=% 2 &% =.%2+ *'# & * *#29)* &' *+ *' ' #* ".%)* ), =' 2%5%
'# .)%=*##'# &% "=' P=% > * 'R &' * 5'/6 #%:" & "= = 5*=% 2 P 8 R, %= 4"% #%
.)%#"=% * 5%#2*=% 2 *% 23<* = '!: 4"%, &%*E'& ' #* =%#= , #% = 5% " *< )=%=% 2% %
%= !* -' )% 2' & #*#2%=' *% 23<* % 2% !C:* .')' ' * 5'/6 %=.)%#')*'! P = 2%)= #
:% 9)* #, .) 7!%=' & # .) :)'='# !' /'& # >=7*2 &' . !32* ' &% *+ *' 9' .)%#" /6 &%
4"% ' * 5'/6 . &% 2%) !":') < )' &'# %=.)%#'#, #% & . #2%)* )=% 2% P2)' #<%)*&'R .')' %#2'#
% <' 2 , 2'! 9*=. ##35%!; #% 8" 2 &% -% *=% 2 # .)?2* # F&% % :% -')*', &% ) ,
&% :%#26 H %#2*5%) '"#% 2%, ' * 5'/6 6 2%)? !":'), * &%.% &% 2%=% 2% & =9)*2 *% 23<* & #
&%#% 5 !5*=% 2 # #%:"*& # P = )%<%)%= &* - % *=$%# F 001H

( ) "2) !'& , 2'=79= ' .) :)'='/6 & , ( )%.)%#% 2 " .) :)'=' &% ='* )
&*=% #6 <* ' %*)' % '7)' :+ *' 4"% &*@ )%#.%*2 A .')2* *.'/6 & #% 2 ) .)*5'& ,
#':)' & #%" ')? 2%) * #2)"=% 2'! ' .) ##% "/6 &% "=' . !32* ' .B7!* ' .')'
&%#% 5 !5*=% 2 %=.)%#')*'! ( # <)%" "=' )%< )="!'/6 &% 4"% )%#"!2 " (
F() :)'=' &% % 2*5 # A &%) *@'/6 &' =*'H '.) 5'& %= '* &% 00 # :)' &%#
'!2%)'/$%# * 2) &"@*&'# .%! ( !')*<* ')'= ' %#2)"2")' % 78% 2*5 # & .) :)'=', )%&"@* &
B=%) &% =%&*&'#, % 2)' & '#M &' & !-% "= 5 #% 2*& %#2)'29:* % .%)' * '! F =
' )*'/6 &% =%&*&'# 5'#HM )%&"@* & ' =. % 2% &% #"7#3&* ' <" & .%)&*& M .) = 5% & '
))%#. &+ *' &% * % 2*5 # '2)*7"3& # ' =9)*2 )%#"!2'& # %<% 2*5 # & # .) 8 % 2 # % <* '!=% 2%
.) ")' & % ")2') # .)'@ # &% '.)% *'/6 % '.) 5'/6

.) %## &% '5'!*'/6 * 2%) '!') F4"% ))%#. &%" ' "= .%)3 & &% &%#' %!%)'/6 &'
' 2*5*&'&% % C=* ' % '29 &% P%#2': '/6 %#2)"2")'!R, &% ))% 2%# & &% )9# *= &%
=.%2*2*5*&'&% 4"'&) & '!'):'=% 2 &' *6 % &' )%# % 2% =" &*'!*@'/6 H )%#"!2 " '
*&% 2*<* '/6 &% "=' 7'*E' 2'E' &% '&%#6 ' '!:"='# =%&*&'#, 4"% 6 #% &%5%" ' )*29)* # &%
#%!% 2*5*&'&% '!2 #, ='# ' 2%# ' .%)<*! &' .) ")', : )' & %E.% 2'2*5'# * )%=% 2 &%
'.' *&'&% 2% !C:* ' % &% * 5'/6 &'# %=.)%#'# %#2% #% 2*& , < * *&% 2*<* '&' "='
#%!% 2*5*&'&% 2%)= 4"% ')' 2%)*@' <' 2 &%, & !'& &' <%)2' 2%) #*& ' #%!% 2*5*&'&%
7'*E' ' &% #% )% =% &')*' "= 35%! %!%5'& &% %E*:+ *' < )=% ' %!%5'& B=%) &%
* <)' %#2)"2")'# 2% !C:* '#, ' .'## 4"% & !'& &' .) ")' &'# %=.)%#'#, &% #% &%5*'=
.)*5*!%:*') 2 &'# '# ' 2*5*&'&%# )%!' * '&'# = .) %## &% * 5'/6 , #% 7#%)5 " "='
%!%5'&' #%!% 2*5*&'&%

( ) "2) !'& , # .) 8 % 2 # .')% %)'= '. *') ' 2*5*&'&%# ):' *@'&'# '* &' %= 2 ) & # <' 2 )%#
=.%2*2*5 # ='*# &97%*# %= 2%)= # &% ))+ *' * 2%) ' * '!, %E.! )' & ' %## <? *! '
)% ")# # '2")'*# " 7'*E "#2 & 2)'7'!- , # 7 "=' ='2)*@ &% 5'! )*@'/6 & '.*2'!
* <)'%#2)"2")'! %= &%2)*=% 2 &% <' 2 )%# &*2 # * 2' :35%*#, = #%8 '= ' J % &*<"#6 &
-% *=% 2 , ' < )='/6 , ' % :% -')*', ' .) &"/6 , , ' ):' *@'/6 %=.)%#')*'! " '
=%) *'!*@'/6 , 2*& # = <" &'=% 2'*# ' =%!- )*' .) :)%##*5' &'# '.' *&'&%# %
=.%2*2*5*&'&% 2% !C:* '# &'# %=.)%#'# %#2% #% 2*& , < )'= '* &' )%<%)*& # ' 2*=*&%@% &'
'&%#6 % & # )%#"!2'& # & # () 8 % 2 # 7*!*@'& )%#, .')2* "!')=% 2% 5 ' * '& # .')' '

0
&* - % *=$%#, P>B= / *++C;*+DE > ; =
9 %P F 001H
9$ / F' /// 3 , J , % 2) &% 5%#2*:'/6
# 7)% ' =*' ( )2":"%#' % )". , ' &* - , =*##6 &% %#26 & Y 7#%)5'2C)* &
F 00NH
9$ / F' /// 3 , #C) * ":"#2 '2%"# J
## *'& #, % 2) &% 5%#2*:'/6 # 7)% ' =*' ( )2":"%#' % ()* %h'2%)- "#% .%)#, ' '2%"#,
=*##6 &% %#26 & Y 7#%)5'2C)* & F 00NH

(?:* ' G
&% #*<* '/6 &% !*:'/$%# % 2)% '# %=.)%#'# % # *#2%=' *% 23<* % % !C:* % ' )%5%!'& )'
* #*.*+ *' &% .) ")' &% #*#2%=' &% * % 2*5 # A .) .)*%&'&% * &"#2)*'! F.%&*& # &% .'2% 2% %
=') '#H '3 #% !"*) 4"% .) :)'=' ' 2" " ='*# ' ' 2"'!*@'/6 % # !*&'/6 &' %#2)"2")'
.) &"2*5' * #2'!'&'Q = '&'.2'/6 2% !C:* ' . ) "2*!*@'/6 F"# &'# 2% ! :*'# &% , . )
%E%=.! H & 4"% %#23="! ' <' 2 )%# &% '&'.2'/6 A .) ")' % '"=% 2 &% =.%2*2*5*&'&%
F )*'/6 , &*<%)% *'/6 % * 2%) ' * '!*@'/6 &% .) &"2 # % #%)5*/ #, . ) %E%=.! H " ' )*'/6
&% 5'# %=.)%#'#

= )%#"!2'& & %E%) 3 * &% '5'!*'/6 * 2%) '!') 5?)*'# )% =% &'/$%# < )'= 5%* "!'&'# .')'
.%)3 & &% 00N 00G # 4"% '. 2'5'= #% 2*& &% '"=% 2') ' #%!% 2*5*&'&% & .) :)'='
#":%)*'= ' =%2 & ! :*' & P ")# &% *&%*'#R = < )=' &% &*=* "*) ' &*#.%)#6 &% .) 8% 2 #
% '"=% 2') ' #"' 2%))*2 )*'!*&'&%, '&'.2' & # =%!- ), . ) %E%=.! , ' )%'!*&'&%# = #
=%#= #% 2*& , .) .Z# #% !' /'=% 2 &% * ! # " P ")# #R . ) .%)3 & # &%
' &*&'2")'# &%!*=*2'& #, = %#.% *<* '/6 !')' & = & &% ' %## & # &%#2* '2?)* # ' #
)%#"!2'& # & # .) 8 % 2 #, :')' 2* & '##*= '"=% 2 &' #"' #%!% 2*5*&'&% I* '!=% 2%, < *
#":%)*&' "=' * 2%)5% /6 %= J % * 5'/6 ='*# * 2%:)'&' % .)':=?2* ', &' & + <'#%
.')2* "!') ' %#2' B!2*=', = &'# ='*# % %##?)*'# ' .%)<*! &% %#.% *'!*@'/6 , &%= :)'<*' %
='2")*&'&% &'# %=.)%#'# ' * '*#, %= -')= *' = '# %E*:+ *'# &' P #2)'29:*' &% *#7 'R

"*2 )% % 2%=% 2% FT "!- 001H .) :)'=' < * )% )*% 2'& #% 2*& &' )%' *='/6 &
* 5%#2*=% 2 %=.)%#')*'! .)*5'& % "=.)*=% 2 &'# )% =% &'/$%# & # %E%) 3 * # &%
'5'!*'/6 , )%'!* -' & 8? = '# .)* )*&'&%# & (!' % !C:* % &' #2)'29:*' &% *#7 '
%#2% #% 2*& , .) ") " #% &* * ') # #*#2%='# &% * % 2*5 ' 78 % 2*5 # &% * 5'/6 %
%#.% *'!*@'/6 = ='* ) &* >=* ' &% )%# *=% 2 M %#2*="!') ' J '# %=.)%#'# %= .%)'/6
= *#2%=' *% 23<* % % !C:* ' * '!M )*') 5'# &* >=* '# &% .) ")' &% < )='/6
.) <*##* '! % )%< )/') ' =.%2*2*5*&'&% %=.)%#')*'! ' &%<* */6 &% ?)%'# .)* )*2?)*'# = #%8 '=
'# 2% !C:* '#, 4"'!*&'&%, % %):*', <* ' *'=% 2 % ' * 2%) ' * '!*@'/6 %#< )/ <' *!*2'& )
&% ':*!*@'/6 & # .) %## # &% '.) 5'/6 % %E% "/6 &% .) 8 % 2 # *=.!* ' "= %#< )/ &%
#"7#*&*')*%&'&% & # % 2) # &% &% *#6 % "= )%< )/ &' <" /6 &% '"&*2 )*' % 2) !

5'/6 9, &*@%) &% d"!!*5' , "= .) %## &*#.% &* # , . ) %E*:*) ' &*#. *7*!*&'&% &%
)% ")# # <* ' %*) # #%" * 3 * , ' #"' &"/6 % ' #"' #"#2% 2'/6 # ')' 2%)3#2* '#
%#.% *'*# &%#2'# <'#%# &% %./6 , &%#% 5 !5*=% 2 % .) &"/6 &% 7% # 2)' #' * ?5%*# .%! #
' 2 )%# & *#2%=' &% 5'/6 &*<%)% *'= !')'=% 2% 2*. &% <* ' *'=% 2 '&%4"'& , . )
=.')'/6 = # #% 2 )%# 2)'&* * '*# &' % =*', &% ' * %)2%@' 9 =% # =') ' 2%
=%#= = & , '# 7'))%*)'# ' <* ' *'=% 2 2+= *=.' 2 ' 5*'7*!*@'/6 " 6 &% .) 8 % 2 #
&* '=*@'& )%# &' ' 2*5*&'&% % C=* '
= %<%*2 , # * #2)"=% 2 # &% <* ' *'=% 2 !?##* #, . ) #% 7'#%')%= "=' #*&%)?5%!
'5%)#6 ' )*# , &*<* *!=% 2% <%)% %= "=' '!2%) '2*5' ' # ' 2 )%# & *#2%=' &% 5'/6 %, %=
.')2* "!'), A# .%4"% '# % =9&*'# %=.)%#'# '# <'#%# * * *'*# &' #"' ' 2*5*&'&%, ' ='* )*' &'#
5%@%# '# ='*# 5 ' * '&'# .')' .Z) ' * 5'/6 &% 7'#% 2% !C:* ' =%) '& 7%)2")' &
)*# '2)'59# & * )%=% 2 &'# 2'E'# &% )%=" %)'/6 & <* ' *'=% 2 6 #%)? =. )2?5%!, '#
='*# &'# 5%@ %#, . ) %#2% 2*. &% ' 2 )%# 4"%, . ) "2) !'& , 6 &*#.$%= &% 7% # " &*)%*2 #
!'##* '=% 2% ' %*2%# = :')' 2*' %#= * #2)"=% 2 # &% <* ' *'=% 2 ='*# # <*#2* '& #,
= ' 2*2"!')*@'/6 &% )9&*2 #, 6 #% = #2)'= '&%4"'& # ' .%)<*! & # ' 2 )%# &% * 5'/6 ,
4"% . &%= '29 ')% %) &% )9&*2 # .')' 2*2"!')*@') % &*<* *!=% 2% #%:"*)*'= #". )2') # "#2 #
'## *'& # A = 2':%= &'# =.!%E'# .%)'/$%# &% 2*2"!')*@'/6
) ' #%, '##*=, % %##?)* &%#% 5 !5%) % .) = 5%) < )='# &% <* ' *'=% 2 4"% #% '&%4B%= A#
% %##*&'&%# % ')' 2%)3#2* '# & # ' 2 )%# &% * 5'/6 % 4"% &%5%)6 )%" *), . ) *## ,
<!%E*7*!*&'&%, 2 !%)> *' ' )*# % .) E*=*&'&% % <' 2 , 2% & %= 2' ' &*=% #6 2*.* '=% 2%
)%&"@*&' & # ' 2 )%# &% * 5'/6 , 2 ) ' #% % %##?)* '##%:")') !-%# # !"/$%# '&%4"'&'# A

13
')V d"!!*5' P/ 0 1 ,R .?: N0, 2 34 5 ) / , %& T
I':%)7%):, U%)V' & %!# , 34 ! 6 7 8 ( ), 001

(?:* '
#"' .%4"% ' %# '!', 7%= = % '): # <* ' %*) # .%)*C&* # 4"% #%8 '= =. )2?5%*# ( ) "2)
!'& , ' %#.% *'!*@'/6 &% ':% 2%# & #*#2%=' <* ' %*) %#2% 2*. &% .%)'/$%# .%)=*2% ' )*'/6
&% "= ). &% <* ' *'& )%# = ='* ) 2 !%)> *' ' )*# , &*#. #2 # ' .')2*!-') ' * %)2%@'
&% ))% 2% &' * 5'/6
'! 9 '# & # 5%3 "! # &% '.*2'! &% )*# D # *%&'&%# % <" & # &% '.*2'! &% )*# D "8
78% 2 9 .)% *#'=% 2% * 5%#2*=% 2 %= %=.)%#'# &% %!%5'& . 2% *'! &% )%# *=% 2 % '
.)%#2'/6 &% '. * A #"' :%#26 ( ) *=. #*/6 !%:'!, %#2%# 5%3 "! # %#26 7)*:'& # ' &*#.%)#')
# #%"# * 5%#2*=% 2 # &% < )=' ' =*2*:') )*# '##"=*&
:"'!=% 2% )%!%5' 2%# #6 # , * &*53&" # 4"% .)%<%)% *'!=% 2% &*#.$%= &%
%E.%)*+ *' &% :%#26 % &% )% ")# # .')' * 5%#2*), % 4"% )%B %= '##*= ' &*#. *7*!*&'&% .')'
'. *') <* ' %*)'=% 2% # ' 2 )%# &% * 5'/6 , 7%= = ' '.2*&6 .')' ' =.' -') %
' #%!-') &%#% 5 !5*=% 2 & # )%#.% 2*5 # .) %## # % .) &"2 #
( ) B!2*= , '# & *#2%=' &% ')' 2*' B2"', "8 78 % 2*5 9 &% 5*'7*!*@') ' %## '
)9&*2 & # ' 2 )%# &% * 5'/6 D " ' =%!- )*' &'# #"'# &*/$%# D '2)'59# &' %##6 &%
:')' 2*'# . ) "=' % 2*&'&% 4"% :)%:"% 5?)* # ' 2 )%# & #*#2%=' <* ' %*) ##*= #% & ,
.%!' =" -6 & )*# '## *'& A %##6 &% :')' 2*'#, '# % 2*&'&%# & #*#2%=' <* ' %*)
. ##*7*!*2'= 4"% # ' 2 )%# & #*#2%=' &% * 5'/6 2% -'= ' %## ' )9&*2 4"%, &% "2) = & ,
' '"#+ *' &% 7% # " &*)%*2 # .')' <%)% %) = :')' 2*', !-%# %#2')*' 5%&'& " !-%# #%)*'
%E %##*5'=% 2% %) #
% )%<%)*) 4"% # , *#2%=' &% ')' 2*' B2"' % '.*2'! &% )*# , &% % 2)% #
5%3 "! # <* ' %*) # = &*<%)% 2%# :)'"# &% ='2")*&'&% %= ( )2":'!, 2+= 5* & ' &%#%=.% -')
"= .'.%! )%# % 2% %#2% 2%E2 &% * 5'/6 , #% & 78% 2 &% "= %#2"& '.) <" &'& %#2%
& "=% 2

(?:* ' W
!"#$"%& ' "( )*+ "%,'( + '-. / #-"( 0'1 ") 1 #') " *) . 2 - .3 *.+ 0' "-+ #2#
0"0'(
#.+'.(#2"( ') - .4'-# )'.+ ( 2".+" '.( - )5"1 "+#
2"( !"('"0"( ." )& 0' !1 " 5 *-
6*"# 7#
-"0" '(+ & " )#1 "1 5"1 " 5"8('( 0' !"# 9( 1 '.0#)'.+( 6*' (' "((*)') - ) . 2 (
"-+1 '( . )'1 -"0 !" ( 2".+ " '.( !"('"0"( ."( 5'(( "(: ."( (*"( 6*"# 7#-"%,'( '
-"5"-# 0"0'( ' ." (*" '(5'-#7#-#
0"0' -*+ *1" (& -"0" 2'$ )"# ( #
)5 1 +".+'( -"5"-#0"0' ' "
2' -# 0"0'- ) 6*'')'1 ') 510*+( '('1 2#%( #. 2"0 1 '( +1."1") (' ( 51 #
.-# 5"#
( '')'.+(
6*'0'+ '1)#.") "- )5'+ #
+#2#0"0'0"( ')51 '("(: 0 ( ('-+1'( '0 ( 5"8
('( ((# ): " '(+ #)*"1"
#. 2"%& 51 ) 2' (' " -"5"-# 0"0' 0"( ')51 '("( 5"1 " - )5'+ #
1'): 51 5 1 -#.".0 )"#1
-1'(-#)'.+ '- ./)# - 5"1 " 5"8 ( ;1 +'1< =>(* '1 ' 6*' " - )5'+ #
+#
2#0"0' 0' *)" ."%&
.& ? )*# + )"# ( 0 6*' " ( )" 0" - )5'+ #
+#2#0"0' 0"( (*"( ')51 '("( ' '(+ " 51' -*5"%&
'(+'2' "# .0" !') 5"+'.+' ." .# & *15'# " "+ 1
"2?( 0 '.76*' 0" (+ 1"+?#" 0' # (! " . (
0'+ '1
)# .".+'( 0"- )5'+ #
+#2#0"0'')51 '("1#
"

( -#'0"0'0 - .4'-# )'.+ '"'2 *%& 0"( . 2"( + '-. #"( #


.-'.+ #2"1") "-1 #"%& 0'1 '0'(
'*)")"#1"51 9# )"% & '.+ 1''.+#0"0'( 0# 2'1
("( ) " *)"( @1 '"(: "5"1 +
#4"0'# .71 )"%& '
- .4'-# )'.+ + ') *)"# .+'.(#0"0'0'(#*" '(*5'1 #1A. 1 )"'5 0''.+ & 7""1('0'
' *.0 ; 1 +'1 < => : + 1
"+" (' 0' B - .-'.+1"%,'( ' 1 @7#-"( 0' - )5".4# "( # .+'1#"0"(:
71 .'-'0 1 '( '(5'-# "#$"0 (: 51 2'0 1 '( 0' ('1 2#
% (: ')51 '("( ') # .0C(+1#"( "7 #
.( ' "(
#.(+#
+*#%,'( 6*' 4'( '(+ & "(( -# "0"( D *.# 2'1(#
0"0'(: " E.-# "( 5C!# -"( 0' -'1 +
#7#
-"%& '
(+".0"1 0(: "(( -#"%,'( ')51 '("1#
"#( D ') @1 '"( '(5'-8
7#-"( 6*'- )5'+ ') ' - 5'1 ") '.+ 1' (#F
0'7#.' ".+ '( -) *)" 1 '0' 0' 510*%& 0' ')51 '("( 71 +')'.+ '
#.+'10'5'.0'.+ '( # .-*# .0 71 .'-'0 1 '( '(5'-#"#$"0 ( #"0"( '.+ 1 ' (#.*)" -"0'# " 0' 2" 1
"-1'(-'.+ "0 6*' 5 0' # .+'1 "1 "# ".%"( '.+ 1' ')51 '("( ' *.# 2'1 (#0"0'(: # .(+#+*+( 0'
#.2'(+#"%& : ('1 2#
%( # .+ '.(#
2 ( ') - .4'-# )'.+: " '.+ '( 0' -) ( ' (
- .(*+1 '( ' ( -# '.+'(

G#*1
" DH
.0#
-'0' )5'+
#+#
2#0"0'D ' '-+1
'(

I =
J
I
J
-'
.0#

I
J
H

I
J I
I
J
"$'1

" ."
-"

"%& 0'

."-#."#
0"0'0"(

(
)'.+
"%&

'("(

2 ("
'-. / #

".("-%,'(
#()

0"0'0'7
5'1
''.0'0 1

+
')51

"
*(+ 0 -"5#
'("(

'- . )#
#
#
.' /-#

.-'.+
.2'(+
#
1
"!##
')51

'1
1
.+
#
0"5+

#
G"-##
)51

G .+
'K L 10 )5'+
#+#
2'.'(( M'"1
! N JJI

) 7
#) 0'51) 2'1*)"- )5"1 "%& #.+'1
."-#.": (''--#.") ( " *.( # .0#
-"0 1 '( (' *.0
6*' 3* ") ( ('1 ') 5'1 +
#.'.+'( 5"1" 5'1 -'!'1"(
. (("( 5 +'.-#"#0"0'( ' 2*.'1 "!##0"0'( .*)" 5 8 + #
-" 0' <G#*1 " > 2# 0'.-#") (
*)" 5 (# %& #.7'1#1A . ((" )?0# " '1 " 1'"+ #
2")'.+ ' " ')51 ''.0'0 1 #
() 0 ( '(+1 '(: A
"0"5+"!##0"0' A( )*0".%"( 5 1 5"1 +' 0"( . (("( ')51 '("(: A - 5'1 "%& + '-. /# -" '.+1'
')51 '("( ' ." 7
"-##0"0' 0' #-'.-#")'.+ 0' . 2"( ')51 '("( '"+#
2")'.+ '"# .0#-"0 1 '( ')
6*' '(+") ( "-#)" 0" )?0# ": (''--#.") ( " 7 "-##0"0' 0' 1'"# $"1.' /-#(: ( # .-'.+ #2 ( "
#
.2'(+ #
)'.+: !"# 9 -*(+ 0 -"5# +" ' 2 *)'0'+ 1 ".("-%,'( #.+
'1."-#."# (
( +E) " +'.0E.-# " 0' "51 9#)"1"( ')51 '("( ."( #
.0C(+1#
"( 1 #
'.+"0"( 5"1
" " 51 -*1":
.0' " # . 2"%& + ') *) 5"5' 7 *.0")'.+ " ) 0' ! "< 2'1" G#*1 " >(* '1 '"
71 )" - ) ( #
.0*$') - )5')'.+ "1#
0"0'( 71 +
'( . (#(+')" 0' #. 2"%& #.0C(+1
#":
"( *.# 2'1(#
0"0'( ' ( "-+1 '( 5C!# - ( ('1
2') 0' ' ( 0' #"%& .*) 51 -'(( 0' 1 '"%,'( 6*'
(*(+'.+ ") " -1 #
"%& 0' . 2"( ')51 '("( ' '(+ "!''-#)'.+ 0' )"(("-1 8
+#
-" (+ ""! 1 0" ') ?
.& # .'"1'.& '(+ @+
#-": '.-"#9".0 ( 0# 2'1
( ( "-+1'( 5"1"'95# -"1 51 -'(( 0'# . 2"%&
"! 1 0" ') 0 ( 5'1)# +
'*+ 1"5"(("1" *)"( 0"( # )5'1 7
'#%,'( 0'*) (#(+')"0'# . 2"%&
'7 "-##+"1 ('*! ) 7 *.-#.")'.+

(('.-#
")'.+': ( 51 ) 2') "- 5'1 "%& '.+ 1''.+#0"0'(: 6*'"-''1 ""51 0*%& '
" '2 *%& 0 - .4'-# )'.+ ' " )"#1 '7 #
-#E.-#" ." *+ ##
$"%& 0 ( 1 '-*1
( ( '9#
(+E.-#" 0'
1'-*1
( ( 4*)". ( 6*"# 7
#-"0 ( 6*' 5 0') ('1 5"1 +
#4"0 (: " "-*)*"%& 0' "-+ #
2#0"0'(
- )5')'.+ "1
'(: " "0"5+
"%& " . 2"( + '.0E.-# "( +'-. / #-"( * 0' )'1 -"0 : ( -"."# ( 0'
- )*.#-"%& 71)"#( '#.71 )"#(: " 0'7#
.#%& 0" !"(' + '-. / # -": " 71)" 0' 1 ".# $"%& ' "
"-*)*"%& 0'- .4'-# )'.+ (& 7 "-+1 '( 6*'7 "-##+") "" )'1 "%& 0'')51 '("(

( 51#.-#
5"#
( ) + #
2 ( 0' - .( #0"%& 0 ( (& " - 5'1 "%& 5"1 " " - )5'+#
+#
2#0"0': "
"+1"-%& 0' # .2'(+#)'.+ 0# 1
'-+ '(+ 1
". '#1 ' " - )5'+ #+
#2#
0"0' 1' #." ' -": 6*' 1 '0*$')
-*(+( 0' + 1 ".("-%& ' 7)'.+ ") "( - )5')'.+ "1#
0"0'( . *( 0' 1 '-*1
( ( ( !'.'78
-#(
'- ./)# -( 0 ( #
.-*') "*)'.+ 0 .8 2' 0' - )5'+ E.-#
"( 0'2#0 A "51'.0#$" ')
1'(*+ ".+' 0" - )5'+ #%& ' 0" - 5'1 "%& : " 7"-##0"0' - ) 6*' "( ')51 '("( "512'#+")
- )5')'.+ "1#0"0'(: "( '- . )#"( 0' '(-"" ' " "51 9#)"%& ( -#"# .71)" 6*' 1 ##." . 2"(
#0'#"( '. 2 ( .' /-#(
G#*1
" D 0' 1
#5' '#
9

G .+
'K +
$N O#
+$< JJ >

( 5 0') ('1-"((# 7#-"0 ( - ) )#-1 <* -">: #.0*(+1


#":
1' #." * )' " 0'7#
.#%& 0'-"0" +#
5 0' 1
: !') - ) "(*"51#
.-#5" *+##
0"0'
5"1""5 8
+#
-"0'# . 2"%& : (& 0'(-1 #
+( ." "!'"

"!'" D #
5 ( 0' : 0'7
#.#
%,'( '(*"*+
##0"0'5"1
""5 8
+#
-"#
.+'1
"0"0'#
. 2"%&

#
5 0' '7#
.#%& ;1#
.-#5" *+##
0"0'5"1 ""5 8 +#
-"0'# . 2"%&
#
-1 * P *) - .3 *.+ ' 1 "7#
-")'.+ ' 51/9# ) 0' 0'.+#
7#
-"1 "( .'-'((# 0"0'( 0' # . 2"%& 6*'
')51 '("( ' # .(+#
+*#%,'(: #.+'11 '"-#."0"( 5'1)#+") " )".+'1(' - )5'+ #
+#2 .
-" 51 '')'.+( - )*.( ' ('* "-+*" 5'17# 0' 510*+( 'Q * # .#-#
"1*)"
- )5')'.+ "1 #
0"0'(: "-+ *".0 .*) -")5 '95 1"%& ' "-+ #
2# 0"0'( - .'9"( "(('.+'( ."(
)*# + 5"1 +#-*"1 0' "-+ #2#0"0' D )'() - )5'+ E.-#
"( !@(#-"( '9#
(+'.+'(
('-+1 * )'() (' )'.+ 0' *) ('-+1
(("( ')51 '("( - .- 1 1') '.+ 1' (# .
)'1 -"0 0 ( 510*+( * ('1 2# % ( ':
(#)*+ ".'")'.+ ': (& -"5"$'( 0' - 5'1 "1
'.+ 1'(#
#
.0*(+
1#" * P *) - .3 *.+ 0' ')51 '("( #
.+'1 0'.+#
7#
-"1"( 5 1 +*.#0"0'( 0' '(5'-#"#$"%& :
1'"-#."0"(: 0'71 .'-'0 1 '( '(5'-#"# $"0 (: 0' 0# 2'1 (#7
#-"%& 0' "-+ #
2#0"0'( ' "(
(#
)5'()'.+
' 0' 51 '(+"0 1 '( 0' ('1 2#
% (: 0' ')51 '("( - )5')'.+ "1#0"0'( . # .+'1
#10 51
5'1 +'.-'.+ '( " # .0C(+ 1
#"( 1'"-#."0"( ' 0' 71 )" " 0'( -"1 ('* -'.+ 1 0' 1 "2#
0"0'
#.(+#+*#%,'( "(( -# "0"( D *.# 2'1 (#0"0'(: 5"1" "-+ #2#
0"0'( )'. ( (*(-'5+8
2'#( A
-'.+ 1( 0' -'1 +#7#
-"%& 0' 6*"# 0"0' ' - .- 11E.-#" 0' '- . )# "( ')'1 '.+ '( * "
"(( -# "%,'( - )'1 -#"#
( 6*' 0'('.2 2') " '2'.+*"#( 0'-# (,'( 0' 0'( -"# $"%& 0'
(*" "-+ #2#0"0' ') -")5 ( 0# 7'1'.+'(: 5'1"0 1'( ')51 '("1#
"#( - ) *) 5"5' -4"2'
1'- 11'.0 " + '-. #
"( 0# (+
#.+"( )"( .
- )5')'.+ "1'(: ' 6*' 510*$') 0'.+#
7#
-"1"-+#2#
0"0'( ')'1'.+
'( 6*'5 ((")
'9+'1."# 0"0'( "(( -#"0"( " +
'12".+" '.( ." # $%
0'('.2 2# )'.+ 0'# . 2"%&
1
' #." P '(('.-# ")'.+ ' *) #
.0*(+ 1
#" -*3"( 0'.+#
7#-"1 "( 5 ((# !##0"0'( 0' *) )"#1
"1+
#-*"%,'( 51 #
.-# 5"#
( 7*.-#.") . # .+'1
#1 "512'# +")'.+ 0"( '- . )# "( 0'
0' *) 0"0 '(5"% 1 ' #.": + 1 .".0 )"# ( " )'1 "%& . ( )"#( '.1 "#$"0 (
5'1+#
.'.+ '( ( '7 '#+( 0' 519# )#0"0' .*)"1 '# &
' 1 @7#-"( !1 '"# .+'1"-%& 0 ( "-+1 '( 0'.+#
7#-"1"( 5 1 +*.#0"0'( 0'0# 2'1(#7#-"%& "
5"1+#
1 0"( - )5'+ E.-#"( !@(# -"( ' 0"
'95 1 "%& 0' (# .'1# "( '.+ 1' 0# ( * )"# (
1' #."#(
'" P *) - .3
*.+ 0' "-+ #
2#0"0'( 0# (+#
.+"( -*3( 0'.+#
7#-"1" 5 (# %& 0 5"8 ( * 0" 1 '# & .
!'.( * ('1 2#% ( ("+#(7"$') " 51 -*1 " 0' - .3*.+ 0"( "-+ #
2#0"0'( 6*' )"+ '1 #
"#$")
*)" C.#-" 1 ".0' @1'" 7 *.-#." 0' 51-*1 " *)" 0"0" @1 '" 7*.-#.": 7 "-##+".0 0#@
7#
.": 1'- 11'.0 " - )5'+ E.-#"( !@(# -"( '.+1' ( "-+1 '( ')51 '("1 #
"#(: (+"0 : "(
- )5')'.+ "1 '( ' '95 1 ".0 2".+ " '.( 0' *.#2'1(#0"0'( ' ( # .(+#+*+( + '-. / # -(
#
.+'1#"%& ' "1 +
#-*"%& ') 1'0': ( !1' '2'.+ *"#( - .-'.+ 1
"%,'( 0' '(71 %:
. )'"0")'.+ ' "( 6*' 5'1 )#+') " 5"1" 1 '71%"1 5 (# %,'( .*)" @1 '" 7 *.-#."
"-*)*"%& 0 B -"5#
+" # )"+'1#"F 5"1 " - ) 51 -*1 " 0#
.R)# -" 'Q * 5"1 " "(-'.0'1."
- .3
*.+ 0"( ')51 '("( '.2 2# 0"( -"0'#" 0' 2" 1 ' '.1 #
6*'-'1 " 51 '('.%" 3 @
'9#(+
'.+ '.*)"@1 '"7 *.-#."
G .+
'K '5"1
+")'.+ 0';1(5'-+
#2"';".'")'.+ < JJ >

( C+ #) ( ". (: + ') (' "+ 1#


!*80 *)" # )5 1+R.-#" -1'(-'.+' A - .( # 0"%& 0'
#.0*(+ 1#
"#(: "(( -#"0 ( " *)" 0'+ '1)#."0" - .-'.+1"%& ' 1 @7
#-" * ('-+1 #" 0'')51 '("( 6*'
'1" '9+'1 ."#0"0'( 51 0*+ #2"( ' +
'-. / # -"( ;"1 +
#.0 0" # 0'#"7*.0")'.+ " 0" # )5 ((#!##0"0'
0' #( ")'.+ 0"( "-+ #2#
0"0'( '- ./)# -"(: - .-'#+ 0' '(+
@# .+#
)")'.+ ' "(( -#"0 "
'')'.+( 0'- 5'1 "%& '- )5'+ #%& D "-4")"0"- 5'+ #
%& D 6*'- .+ 1#
!*') 5"1 " "*)'.+
0" - )5'+ #+#
2#0"0' ')51 '("1#
" )'1 -"0 : 6*' 0'+ '1)#." " 2#"!##0"0' 0"( ')51 '("(: ' "
-"5"-# 0"0' 0' 5 + '.-#"1 ".4 ( 0' 51 9# )#0"0' ' 0' '(-"" (& " *)"( 0"( 71 %"( 6*' 0'2')
0#1#') " "-%& 0"( ')51 '("( 5"1 " '.2 2# )'.+ .*)" / # -" 0' (
- )5')'.+ "1#0"0'(: "0# 7
*(& 0 - .4'-# )'.+: "1 #
2"# 0"0' -" '"'(5'-# "#$"%& (& + ")!?)
7"-+1 '( #)5 1 +
".+'(: 6*'"+ 1"') ')51 '("( 5"1" ' 71 +"'-')

((#
): " ')'1 E.-#" 0' 0'2' ('1*) 51 -'(( ."+ *1" - ) !"(' ."( ')51'("( ' .&
'9-*(#2")'.+' ." "-+*"%& 0"( "*+1 #
0"0'( 5C!#-"( (+"0 -"!' " 1'(5 .("!##0"0' 0'
1') 2'1"( #
)5'1 7
'#%,'( '"( 7
"4"( 0 ( (#(+
')"( 0'# . 2"%& 6*'0# 7
#-*+
') '(('51 - '(( ': +"
- ) ." ".0" '."G# .R.0#
": 0'('.2 2'15 8 +
#-"( 0''(+8)* A( 5"1-'1#
"( '" ('* )@9# )
"51 2'#+
")'.+

'((' ('.+
#0 : "( 5 8
+#-"( '*1 5'#"( +
E) '.7
"+#
$"0 " # )5 1
+R.-#
" 0" +
')@+
#-"0( :
- .(#
0'1".0 ( (' *#.+'( 5"(( ( 5"1""(*"- .(+
#+*#
%& K

" 71 )"%& 0' ')51 '("( 5#.'#1"(: 71


*+ )*# +"( 2'$'( 0' -#
1-*.(+
R.-#"( 4#
(+/1
#-"( '
- .4'-#
)'.+ '(5'-8
7#- -" 6*': 0"0" " (*" 0#
)'.(& : 5 (#
%& 0' )'1 -"0 ' 0#
.")# ()
5 0') - .+
1#!*#
15"1
""-1 #"%& 0'*)"1 '0'' 1 ##."1 & S

0'('.2 2#
)'.+ 0' -# '.+
'( ' 71 .'-'0 1
'( '(5'-#
"#$"0 ( ' " 71
)"%& 0' 1 ".#$"%,'(:
+
"#( - ) "(( -#
"%,'( 0'')51'("(: 6*'"5 #") ' 51 -'(( 0'"51'.0#
$" ')S

-1
'(-#
)'.+ 0''7
'#+( 0''- . )#
"( '9+
'1."( " S

1
'71% 0"( 1
'"%,'( '.+
1'5'(( "( ' 1 ".#
$"%,'(: 6*'#
.-*') 1+
#."( .0'"519#
)#0"0'
?#
)5 1
+".+'5 #( "3
*0""'(+
#)*"1"-# 1-*"%& 0 - .4'-# )'.+

( 7
"-+1 '( 6*' )"# ( - .+1#
!*') 5"1 " 0'('.2 2# )'.+ 0 ( (& 1 '(*)# 0 ( ." G#*1 "
( +1
E( 7"-+1'( 6*' )"# ( ('0# (+#
. *') 5'" (*" # )5 1+R.-#" (& "51 '('.%"0'7 *.%,'( 0'
1'0' ' 0' 5"1-'1#
"( D ' ( D: " #
. 2"%& "5 # "0" ') "-+#2#
0"0'( 0' T ' " '9# (+
E.-#" 0'
-"5"-#0"0'( ' - )5'+ E.-#"( 71 +'( " .8 2' 0 -"5# +" 4*)". *+
1( 7 "-+1 '( +")!?)
#)5 1 +
".+'( (& *)"# .71
" '(+ 1*+*1"7 8
(#-""0'6*"0": *)"71 +'-*+ *1"')51 '("1#
" - ) "-'(( "
1'-*1( ( 7#
.".-'#1 ( "'9# (+
E.-# " 0' *) .C)'1 0' ')51 '("( 6*' -1#
')"((" - 18+
#-": " '9#(+
E.-#"
0'')51 '("( 80'1
'( '0'# .(+#+*#%,'( 0''.(#. '# .2'(+#"%&

I
G#*1
" G"-+1
'( 1
8+#
- ( 0' *-'(( 0 (

G .+
'K - +
'-

( "*+1#
0"0'( -"#( +E) *) 5"5' # )5 1 +
".+
' . "5 # A ')'1 E.-#
" 0' 0' !"('
1
' #." G#*1" #*(+1" 6*' ." 71 )*"%& 0' *)" '(+1"+
?# " 5"1
" ( (&
#
)5 1 +
".+
'( 0#
7'1
'.+ '( 7
"-+1 '(: "51 ((' *#
1('6*'.-#
")'.+
'K

") !##
$"%& D #
0'.+
#7#
-"1'- .(+
1*#
1#.+
'1'(('( '7)'.+
"1"5"1
+#-#
5"%& S

0#" ./(+#
- D 0'7
#.#
1 R)!#
+0 : "( (*"( 71
%"( '7
1"6*'$"(: "( 5 1
+*.#
0"0'( '"(
")'"%"(S

"- "! 1"%& '(+1"+?# -"D -"1#7#


-"1"( "-%,'( .'-'((@1#
"( " 0'('.2 2#
)'.+ 0 51
5"1
+'0"( ')51'("(: 0"( "(( -#
"%,'( '0"( #.(+#
+*#
%,'( 5C!#-"(S

"#)5')'.+ "%& ' " "2"#$"%& D ) +


#2"1 ( "-+1
'( '.2 2#
0 ( ." - .-1
'+#
$"%& 0"(
)'0#
0"( '"2"#"1 ( 1
'(*+
"0 (

G#*1
" D (5'-+( )5 1
+".+
'( ."G 1
)*"%& 0" (+
1"+
?#"0'*)

G .+
'K D ;1
"-+
#-" *#
0'+ *(+
'1 '2' 5)'.+D . ".0V
( ' #." '2' 5)'.+ '.-#
'(

"#'.+' (' 6*' ? 0'('3@2' 6*' " #.+


'12'.%& 5C!# -" ('3" #)#+"0": 0#
1##0" " #0'.+
#7#
-"1' "
-1 1
##17"4"( 0')'1 -"0 *7 "4"( 0'- 1 0'."%& 6*'5 ((") # )5'0# 1 -1'(-#)'.+ 0
( 5 8+#
-"( 0' " 0#(5 1 0"( #
.(+#+
*#%,'( 5C!#-"( 0'2') # .-#
0#1 ( !1
' ( (' *# .+
'(
2'-+1'(K

G"-##
+"%& ' .+ '1
)'0#"%& D (*-'(( 0 0'5'.0' 0" - 5'1
"%& '.+
1' ( ('*(
"-+1'( ( # .(+#
+*#
%,'( 5C!#
-"( 5 0') 51 ) 2'1 5"+ "71)"( 0' 0#@ '.+
1' (
#
.+'12'.#
'.+'( 0') 0 "'.- 1 "3
"1"1 '0'

;1 -*1"D 7"-##
+"1 "-'(( " )'1
-"0 "+
1"2?( 0" 0#
7*(& 0' #
.71
)"%& ' 0" - 1
0'."%&
0 ( "-+1'(

G1 )"%& D "( - )5'+E.-#


"( 7
*.0")'.+
"#( 0'2') ('10'('.2 2#
0"( 0'5 #
( 0'('"2"#
"1')
"( .'-'((#
0"0'( "-+
*"#
( '7
*+*1"(

U
'"%,'( .+'1."-#."#( D 0#
)#.*#1"( !"1
1'#1
"( 0'+1".(5 1+
'( '- )*.#
-"%,'( 0') 0 "6*'
7*9 0'1 '-*1( ( '"'(5'-# "#
$"%& (*1 3
") ."+*1
")'.+ '

*+
1"( - .0#
%,'( 5"1
" (*-'(( D '(+ '"(5'-+ # .-*#"'(+ "!##0"0')"-1'- ./)# -": ! )
7*.-#.")'.+ 0 )'1 -"0 : (# (+')" 0' '0*-"%& : " '9#
(+E.-#" 0' ! "( #
.71" '(+
1*+*1
"(:
! ) (#(+')" 0' 2'1 ."%& : "( #
.71" '(+1*+
*1"( 0' - )*.#-"%& ' + 1".(5 1 +
'( "0'6*"0"(:
'+- ;1'+
'.0' ('6*'4"3 "! "( - .0#%,'( 5"1
"6*' ( ('0'('.2 2'1 ')

) (*)": ( (& # .(+


1*)'.+( # )5 1
+".+'( 5"1"0'('.2 2'10'71)"# .+
'.(#2"@1
'"( 0'
.' /-#: 1
'#,'( '5"8
('( '(+'51 -'(( : (+"0 0'2'+ '1 5"5' 0'7"-##
+"0 1
: 0#
)#.*#
.0 "(
7"4"( 0')'1-"0 '51 5#-#
".0 ""-+ #2#
0"0''- ./)# -"

5 8 +#-" 0' ? 5"1


+' 0' *)" # .#-#"+
#2" )"0*1 " ') 2@1#( 5"8('(: . 1
)")'.+ ' #"0" A
5 8 +
#-" -#'.+8
7#
-" ' +'-. / #-": A 5 8+#-" #.0*(+1#" * " 7)'.+ 0 0'('.2 2# )'.+ 1 ' #."
( )"#(+1"0#-#."#( 71") 5 1. 1 )""(( -# "0 ( "#.+'12'.%,'( 0'5 8 +#
-"#.0*(+
1#" *A
+'.+ "+#2" 0' 1' '.'1 "%& '- ./)# -" 0' 1 '# ,'(: '.6*".+ ( ')'1 '.+'( '(+
& )"# (
0#1 '-+")'.+ ' "(( -#
"0 ( A( @1 '"( 0' "- +#2#
0"0' -# '.+8
7#
-" ' +'-. / #-" ) )*# +( 5"8('(: (
(& 2# (+( - ) *) )'-".# () #
)5 1 +".+' 5"1" 51 ) 2'1 " - )5'+ #
+#
2#0"0':
'(5'-# ")'.+ '".8 2' 1' #."

(5 8 +
#-"( 0' 0#
7'1') 0'5"8( 5"1
"5"8 (: - ) 1
"*0'(*- '(( +")!?) 0# (+
#.+ (' *.0
"'95'1 #
E.-#"0'-"0"5"8 ( '7 "-+: "5 8 +
#-"0' ?!"(+".+'4'+ '1 ?.'"'2"1 #"(' *.0
.*)'1 ( ( '#9( + "#( -) .82' 0' " 1' "%& *("0 : " "! 1 0" ') ."-#." * 1 ' #.":
'(5'-+1 5 8 +
#- #.0*(+
1 #
": 1' #." * -# '.+87#
- '+ '-. / #- D ' *)" / # -" 0' #
.+'12'.%&
& * & ' " "!'" (& # 0'.+#7
#-"0 ( 5"8
('( - ) # .#
-#"+
#2"( 6*' +'.0') "
5+ '.-#
"1"( 1 '"%,'( 0 ) 0' ) " -) -"( 7#.".0E( 0 * ) "
+ (
"!'" D ;". 1
")"0'; 8
+#
-"0'
;"8
(Q . #
5 0'; 8
+#
-"0' )5 1
+R.-#
"0"5 8
+#
-"0' , & * 5 O.
0'#
.8-#
G#
.R.0#
" 1#
"0" - ) *) # .(+1*)'.+ -# '.+8
7#
- ' G'11")'.+ " 5"1" ".@# (': , & K # 0'.+#
7#
-"%&
+
'-. / #- ; ((*#+ 1E( +#
5 ( 0' 5 8+
#-"( 0' 0'('.4 ' # )5')'.+ "%& 0' '0'('.2 2#)'.+
U K#.0*(+1#
" D ('-+1 '( ' )#.#
(+?1#(S 5 8+#-"( 6*' "*)'.+ ") " &- ' K - 1 0'."%&
- )5'+
E.-#"( <
" E.-#" W >'1 ' #." - )5'+ #
+#
2#0"0' # .+'1 ."-#.": 0' 5 # +#
-"( 5"1"
."-#." '1 ' #." P*("0 ') 0'('.2 2#
)'.+
- .3* "%& -) *+1"(
5 8+#-"( '7 '1
1")'.+ "(
+
@#" '0'( "-#."# ( 5"1"5 8 +#
-"( 1 ' #."# ( 0' *# + #
)5 1 +
".+' " .8 2' , & .
) (*1 # * " '# ( "%& ."-#." '1 ' #."
1'- .4'-'.0 ( 0# (+1#+( # .0*(+ 1#
"#( )
(& 0'7 #.#0( 0# ( .8 2'# ( (#(+')"
510*+ #
2 -" ' 0#(+1 #
+ # .0*(+ 1#" E) (# 0
510*$# 0"( )'0# 0"( 5"1 " 0'('.2 2# )'.+
0' : ('.0 " )"# ( 1 '-'.+ ' " 0
+*1#()
(5".4" 5 8 +#
-" 0' ? " .8 2' 1 ' #." - ) '12') 0' 0'('.2 2# )'.+ 0' ++) *5' 5 0 O.
*) # .(+1*)'.+ 0' - )5'+ #
+#
2# 0"0' 9# (+') ('-+1 '( 0' "- 1 0 - ) "( E) ')'1# 0 )*#
+(
+")!?) 51 1 ")"( 1 ' #."# ( 7-"0 ( . 5 + '.-#"# 0"0'( 1' #."# ( !+ +) *5 )"(
0'('.2 2# )'.+ '0# .")# () 0'1 '0'( '5 # ( 0' # 0'.+ #
7#-"0"( "( -) "- )5".4")'.+
5+ '.-#"# 0"0'( (& '"! 1 "0 ( 2'1
.")'.+"
51 1 ")"( 0''9'-*%&
*?-#
" '0'( "-#."# ( 5"1"5 8 +#
-"( 1 ' #."# ( 0' & + ') *)" 5 8 +
#-" '958 -#
+" 2'1
. 7 "-##
+" '
9#(+'*) 51 1 ")"."-#." 5"1 " ( 1 '# ,'( (& 1 '(5 .(@2'# ( '(+#
)*" " ')'1 E.-# "'
JJ 0'('.2 2# )'.+ 0 (# (+')" 0' # . 2"%& ' 5'" - 1 0'."%& ' -1'(-#
)'.+ 0 (
0( : !') - ) 51 1 ")"( 1 ' #."# ( "3*(+")'.+( 0"( 5 8 +#
-"( 5"1 "
7-"0 ( . 0'('.2 2# )'.+ - )5'+ #
+ #
2 ' ( 2@1 #( ('-+1 '( ' '95 1 ")
0#.R)# - 0'1 '0'( "*+. )")'.+ ' . 2"(
51 +*.#0"0'(
;1
+*" & + ') 5 8 +#-" "-+ #2" 0' " X "+ ##0"0': 7*.0")'.+ ")'.+ ' )!"( "( #.#
-#"+
#2"( ('
0?-"0" 0' J # 0'.+ #7
#-"1") (' " *.( 0'2# 0 ")*0".%"( 5 8 +#-"( #
.#-#
"1") - ) & '
5+ '.-# "#( )"( '(+ "# .#-#"+ #2"5'1 0'* .0' (' *("2") (
71 %""5/( "+ '1"%,'( 5 8 +#-"( +
')@+ #-"7# -)
0'5 # (1 '+)"0"') JJ - ) # .# -#"+#
2"( ') #
.(+1*)'.+ 0')*0".%"
" *)"( @1 '"(
G .+
'K 4')"+
#- '5 1
+-*(+
'1(5 #
-#'( < JJ >' 1
'.0 4"1
+ *.+
1Y '5 1
+( < JJ >
(".0 *) '(+ *0 1'"#$"0 5 1 41 #
(+#
". W'+
'( 6*'('!"('#
". /
JJ Q JJ : 5 0') ( "."#("1 0'('.2 2# )'.+ - )5"1
"+#
2 0" 5 8
+#
-" 0' 0 ( 5"8
('(
'*1 5'*( .*) *.#
2'1( 0' I 5"8
('(

"!'" D *15'*( (' *.0 /

!"#$
"%&'"(
)'* +!,
-'-.
(+
"0 0'
0'('.2 2#)'.+ 0 ( #
)'.(& 0 ( )!#'.+'0' #
)'.(&
;"8
( .' /-# )#
-1'- ./)#
-"
G#
.R.0#
"
W I I
')".4"
*?-#
" = U
;"8
('( "#
9( J J
#
.")"1
-" =
Z*(+
1#" U
? #
-" I U I
G1
".%" I
1".0" J U J
+
@#"
(5".4" J = I I
;1
+*" = U
1
?-#
" U I=

I U U
G .+
'K 41
#(+
#".W'+
'(: !"('"0 . / JJ Q JJ

' "- 1 0 - ) " "!'" : " G#.R.0# " 5 ((*#"-+ *")'.+ ' *)" 5 (# %& 0' # 0'1".%" . (
( )*.0# "#
( 0' - )5'+ #+#
2#0"0' ' #. 2"%& : )"( . ( C+ #) ( J ". ( ( 7 1'* *)" 1 ".0'
"+ '1"%& ." '(5'-# "#$"%& 0"( (*"( '95 1 +
"% ,'( ) + '1) ( ('-+1 #
"#(: ( 5/ ( ') 6*'
"-*)* * )"#1- )5'+ E.-#"71 ") ( + '-. / #- (: 0'(+"-".0 (''.+ 1
''(+ '( - ) ( 6*')"# (
- .+1#!*81
") 5"1 " " 0# .R)# -" 0' # $% : " 6*8 )#-": " )'-R.# -": " # .(+1*)'.+ "%& '
"*+)"%& ' " ''-+ 1
/.# -" "#( 1'-'.+')'.+ ': 0 #( *+ 1 ( 5/ ( + '-. / # -( + E) 2# .0 "
0'('.2 2'1(': 0 ( 7 +
O"1 ' ' "0" !#+ '-. #" ( )"#( (#.# 7
#-"+#2 ( ') + '1) ( 0"
51'('.%"# .+'1
."-#." 0"G# .R.0# "'.- .+ 1") ('."7 #'#1
"7 1 '(+" '."( - )*.# -"%,'(: (' *#
0(
5'" # .0C(+1
#" ."2": '.'1 # " ' )#."( ')'+ "*1 #": +0 ( 71 +')'.+ ' 0'5'.0'.+ '( 0" '. '.4"1 #
"
)'-R.# -"5"1 ""(*"0# .R)# -"0' # $% ) *+ 1 -) 1 ".0'( 5 + '.-#"#0"0'( 0'
-1'(-#)'.+ ? 0" ("C0': 71 +')'.+ ' 0'5'.0'.+ ' 0" # .(+1*)'.+ "%& ' "*+)"%& ' 0"
!#+ '-. #
"5"1 ""(*"0# .R)# -"<2'1G#*1 " I>

$ ." - )*): 0' #"%& '.+ 1' ('-+1 '( ' : (& ( '6*#5")'.+( 0' 8(+
#-": 6*' (&
"#)'.+ "0 ( 5' ( ."2": 7 1'(+": 0' )#.?1# ' )'+ "C1 #
- 7*+ *1 0'('.4" (' *)"
*+1" $ ." 0' #"%& : " 0 ( '6*#
5")'.+( ' (# (+')"( 5"1" ")!# '.+' ( 7
#.".0'('(
'9#(+'.+
'(: 6*"+
1 0'5'.0'1 ") 4#(+1 #
-")'.+ '0"0#(5 .#!##
0"0'0'1 '-*1( ( ."+*1"#( 71 '(+
"(:
)#."( ' )'+ "*1 #": ."2" ' '.'1 # ": '.6*".+ ( 0 # ( - ) )"#1 '( 5 + '.-#"#0"0'( 0'
-1'(-#)'.+ . 7 *+
*1 : "( - )*.#-"%,'( ' " ("C0': 3@ (& !"('"0 ( . - .4'-# )'.+
-"5"$0' '1 "12" 1 ; 1 +
* " "#.0"('!"('# "."'95 1 "%& 0'1'-*1( ( ."+ *1"#
( '4*)". ( )"(
0'2'"5 (+ "1."#. 2"%& " 51 ) 2'1"')'1 E.-# "0'. 2 (

=
G#*1
" ID ( ." (5'-#
"#$"%& .+
'1."-#." 0"G#
.R.0#
"

G .+
'K 0#
.R)#
-"0' ."'- . )#
"0"G#
.R.0#
"D ." "1
#" "+( *#
(

;"1"- .(' *# 1"-".%"1"5 (# %& "-+ *" 0'- )5'+ #+


#2#
0"0': "G#.R.0# "7 '$*)""5 (+ "-"1 "."(
5 8+#
-"( 0' # . 2"%& ' 0' -# E.-# "'+ '-. #
" ) U: *)" 0'-# (& 2'1 .")'.+ " 0'-# 0#*
"*)'.+ "1(# (+')"+#
-")'.+ ' ( 7 *.0 ( 5"1 ""# .2'(+#"%& ' 0'('.2 2# )'.+ ( !3'-+ #
2 ( 0"
5 8+#
-" + '-. / # -" ' #
.0*(+ 1#
" '1 ") " )".*+ '.%& 0" - )5'+ #
+#2#0"0' 0"( # .0C(+1#
"( !@(# -"( '
+1
"0#-#."# (: #"0"( " ( 0'1 #
2"0 ( 0" 7 1 '(+" ' " ( 51 0*+( )'+ @# - (: ' -1 #"%& 0' . 2"(
"-+#
2#0"0'( !"('"0"( ') + '-. #"( ')'1 '.+ '(: ." @1'" 0"( + '-. #"( 0" # .71 )"%& '
- )*.# -"%& ' 0"( !#+ '-. #"( #( #
.(+1
*)'.+( )'1 '-') "+ '.%& '(5'-# "K" -1 #
"%& 0'
#
.71" '(+1*+ *1"( '('12#
% ( 5"1 "71 +"'-'1"!"('0'- )5'+ E.-#"( ."( + '-. #"( ')'1 '.+ '( '"
)*+ #5#-"%& 0' # .#
-#"+
#2"( ')51 '("1 #
"#( 5"1" '95 1"1'(("( - )5'+ E.-# "(: #.-*# .0 ;"1 6*'( 0'
#E.-#" ' '-. #" ' '.+ 1 ( '-. / # -( )'() + ')5 0'('.2 2'* (' " # .2'(+#"%&
')51 '("1#" ') - .(/1 -#: 0#1## 0""6*"6*'10 ( !3 '-+#
2 ( ".+'1#1 )'.+ ')'.-#."0 (: "+ 1"2?(
0 ( 51 1 ")"( 0" E.-# " "-#." '-. / # -" W 9#(+#
* "((#) *)" 1 '"%& '(+ 1'#+" '.+1'
( )#.#(+?1 #( '"( " E.-#"( 6*'51 ) 2'1 ") "5 8 +#
-"0' ."G# .R.0# "

;1 +* " '9# !' 5"1 "'# () ( '- ./)# -( ' ' 1 @7#
- ( - ) " G# .R.0# " 6*' 5 0') ('1'95 1 "0 (
." 0'7#.#%& 0' *)" 5 8 +#
-" 0' " - ) " G# .R.0# " . ('* 5 .+ 0' 5"1 +#
0": ; 1+*"
'(+@ )*# + 0'5'.0'.+ ' 0' ('-+1 '( #"0 ( " 1 '-*1( ( ."+ *1 "#
( ' 51 -*1 "" 1 " "5 (+"1 .
- .4'-# )'.+ ' ."( 5"1 -'1#
"( '.+ 1'# .(+#
+*#%,'( 0' ) 0 " # .-'.+ #
2"1" # . 2"%& (
(*1 #1
") . 0# (-*1( '- ./)# - ') ; 1 +* " ." 0?-"0" 0' J: . (' *# )'.+ 0 '(+ *0 0"
# $% 0" '- . )# " ."-#." 0# 1
## 0 51 # -4"' ; 1 +'1 ') [ ?5 -": 1".0'
!3'-+#2 '1 "# 0'.+#7#
-"16*"# ( "( @1'"( .0' ; 1 +
* " 5 ((*8 " 2".+ " '.( - )5'+ #
+#
2"( ' 6*"#( (
0'("7#( 6*' (' - -"2") " ('* 0'('.2 2# )'.+ " ".@# (': ; 1+'1*+##$ * '(6*')" 0
0#")".+ ': "."# (".0 ( (# (+')"( 0'+ '1 )#.".+'( 0"- )5'+ #
+#
2#0"0'') 6*"+ 1 1 ".0'( @1'"(K"(
- .0#%,'( 0 ( 7 "-+1 '( D - .3 *.+ 0'"5+ #
0,'(: +'-. #"(: #
.71" '(+1*+*1"( '1'-*1( ( 4*)". ( '
7#
.".-'# 1 (S "( - .0# %,'( 0" 51 -*1 "S "( #.0*(+1#"( 1'"-#."0"( ' 0' (*5 1 +
' ' " '(+ 1
"+?# ":
'(+1*+*1"'1 #
2"# 0"0'')51 '("1 #
"

'(+*0 - .-*# * 6*' ; 1 +


*" 3 @ 5 ((*8" " *.( " 0'('.2 2'1 : +"#
( -) ( 51 0*+(
71 '(+"#(: ( +E9+'#(: 2'(+*@1 # ' ) !## @1# G1 ") #0'.+#7
#-"0 ( 0'('.2 2# 0( '
' 1 "7#-")'.+' - .-'.+ 1"0 (: - ) " - 1 +
#%": -"%"0 : "( 5'01"( 1 .")'.+ "#( ' ( ) 0'(
.+*0 : " )"#1 #
" 0'(+ "( " )'1 "%,'( '2# 0'.-#"2" 5 *-" 517 *.0#0"0' 0"0" " 7 "+" 0'
#
.0C(+1 #
"( 1'"-#."0"( ' 0' (*5 1 +
': - ) ( !'.( 0''6*# 5")'.+ '"( "-+ #
2#0"0'( 0'0'(#. '
0' )"1 N'+#
. (' *# )'.+ 0 '(+ *0 : 71") - .(+ #+*8
0( 1 *5 ( 0' +
1"!"4 5"1 ""( @1'"( 0
2#
.4 : + *1#
() : "*+)/2': -"%"0 : )"4"(: 51 0*+( 0" )"0'# 1" ' '(+ & 71 '(+": )"( .*.-"
7#"5# -"0"0'71 )"(# (+')@+#-"*)"5 8 +
#-"0'
+')@+#
-" 7#5 (+ '1#1)'.+ '1'+)"0" 5' 51 1 ")" ; X < JJ >6*' "0 5+* - .-'# +
0' )' " : *) - .3 *.+ 0' "-+#2#0"0'( 0#(+#
.+"(: )"( -*3( !'.( * ('1 2#% ( ("+#(7"$') "
51 -*1"0'*)")'()" 1 ".0'@1'"7 *.-#." 0"51 -*1 "7#.": 1
'- 1 1'.0 "- )5'+ E.-# "( !@(#
-"(
- )5')'.+ "1'( ' 5 0'.0 '95 1 "12".+ " '.( 0' #.+'1#"%& ' "1 +#-*"%& ') 1 '0': '.+ 1
' (#'
- ) *+ 1"( '.+#
0"0'(: . )'"0")'.+ '"( 6*'5'1 )#+') ""-*)*"%& 0 B -"5#
+"# )"+ '1#
"F5"1 "
- .3*.+ 0"( ')51 '("( '.2 2#0"( #.+'12'.%& 0 ; X "(('.+ "2" .*)" / # -" 0' (*!#0"
." -"0'#
" 0' 2" 16*' 2# ("2" 7)'.+ "1" - )5')'.+ "1
#0"0' 0' "7#
.( '"+ #
2")'.+ '"
;1 +* " ' . R)!# + 0 ; X: 71 ") # 0'.+#7
#-"0 ( ( (' *# .+'( : '(5'-#7#-"0 ( ."
"!'" K
"!'" D '" ') ; 1
+*"

G X ;
#
)'.+
"%& "-+ #
-8.#(S
"1 .'D ;'-*@1 #
"(') + '11"S
1+ ;'-*@1 #
"(') + '11"S
X#.4 S
'1 2'3": 1'71#'1 ".+'( '@ *"(
"!#
+"+ "0'# 1"'- 1 +#
%"S
'1 R)# -"(S
;@(+ #- (S
'-R.# -" #'# 1"S
.(+1*%& -# 2#Q '- .(+ 1*%& *1 !"."
0" E9+ #'0'1 #
2"0 (S
"%"0 '"1 +
# ( 0'- *1
"$'1 *1 #
()
!##
0"0' *+)/2'S
'-+1 )'-R.# -"Q "+ '1#"7 '1 1 2#
@1#
"C0''('1
2#% ( 5'(( "#
( '1 2#
% ( A7 ")8# "Q1'"!##+"%& Q ("C0'S
"+ '1#" )?0# - 4 (5# +"
.71
)"%& ' .+
1'+
'.#
)'.+ )51 '.("Q @0# ' XQ ;*!# -#0"0'
G .+
'K;1#
.2

)" 0"( -"1 "-+'18(+#


-"( '(+ 1
*+ *1
"#( 0" '- . )# "5 1 +* *'(" ? " 7 1"-" # $% 0"( (*"(
"-+#2#0"0'(: .& !(+".+' '9# (+#
1') 1 *5 ( 0' ('-+1 '( - ) 71 +'( 1'"%,'( + ?-.#-"( 0'
71 .'-#)'.+( # .+'1 )?0#( ' 1 *5 ( 0'')51 '("( 51 '('.+ '( ."( )C+ #5"( "-+ #
2#0"0'( 0'
5+ '.-#"#( (+"0 5 0' + '1*) 5"5' # )5 1 +".+ ' . ('* 0'('.2 2# )'.+: . )'"0")'.+ '"
.82' 0" 7 "-##+"%& *+1" 0"( -"1"-+'1 8
(+ #
-"( '(+ 1*+*1"# ( 0" '- . )# "5 1 +
* *'("( ? " "*(E.-# "
0' "-+ #2#0"0'(: * " (*" 51 '('.%" "# .0" 5 .+ *": ') @1 '"( 7 *.-#."# ( -1 1
'(5 .0'.+ '( "
)' " 6*' # 1
& "51 '('.+ "1 71 +' 51 -*1 " )*.0# " . ( 5"8 ('( 0'('.2 2# 0 ( ' 71 +'
5+ '.-#" 0' # . 2"%& '5"1 +
")'.+ 0' ;1 (5'-+ #
2" ' ;".'")'.+ < ;;> "2".# $" "
.'-'((# 0"0' 0' (' "5 (+ "1 ') @1 '"( 7 *.-#."# ( -) 7 *+*1 6*' 51 ) 2") *) -1 '(-#)'.+
(*(+ '.+"0 0'('.2 2# )'.+ 0'(("( @1 '"( 7*.-#."# ( +') - ) !3'-+#
2 0# 2'1(#7#
-"1" 7 '1
+"
0' !'.( ' ('1 2#% ( 5"1" ( )'1 -"0 ( # .+ '1."-#."# (: -"5+ "1 #.2'(+#)'.+ 0# 1'-+ '(+ 1". '#1
< >'# .-'.+ #
2"1"0# .R)# -"0' #$ % ;"1 "# (( : ?.'-'((@1 # 6*'""5 (+ "('3 "-'.+ 1"0"
') "-+ #2#0"0'( 6*' # .- 151 ') *) )"#1 2" 1 "- 1 '(-'.+ "0 ' 6*' (' !"('# ') ') !'.(
+1".("--#.@2'# ( - ) *)")"#10# .R)# -"0'- 1'(-#)'.+ ".8 2' 0 - )?1 -# '0 # .2'(+ #
)'.+
#.+'1."-#." ' *.0 *) '(+ *0 ' *)" 2# (& 0 ;;: '9# (+' *) - .3 *.+ 0' "-+ #2#0"0'( 6*'
5 0') - .(+ #+*#1*)" 5 1 +*.#0"0'5"1 " . (( 0'('.2 2# )'.+: - .71 )'1 '+1"+"0 ."G#*1 "
UK'95 1 "%& -'R.# -": ("C0': ) !## 0"0' ' - )*.# -"%,'( ' *.0 ( "*+1 '(: '(+" 5%&
2#(" 5+ #)# $"1 ( # .2'(+#
)'.+( 1 '"# $"0 ( . ( ". ( =J ' J . 1 '71% 0"( # .(+#+
*#%,'( 0'
#.+'17"-' '.+ 1' "( # .(+#
+*#
%,'( 0' '.(# . (*5'1 #1' "( ')51 '("( !') - ) . 0"( "-+ #2#
0"0'(
1
#'.+"0"( 5"1 ""# . 2"%& '2"0"( "-"! 5' ( -'.+ 1( + '-. / # -(

J
G#*1
" UD "1
+'#
1"( 0'"-+
#2#
0"0'( 5"1
" 7
*+*1 0"'- . )#
"5 1
+* *'("

G .+
'K ;D J I )"X#
(& (+
1"+
?#-"5"1
" \ < JJI> .+
1#!*+( 5"1
"*)"2#
(& 1
#'.+
"0 1
"

5 .+ 0' 5"1+#
0" 0' 6*"6*'1+ 1"!"4 0' 51 ) % & 0' * ('-+1 '( ? " #0'.+#
7#
-"%& :
- ) ( "-+1 '( - .-1
'+(: 0" (*" 0# .R)#-" ' 5 +
'.-# " 0' 0'('.2 2#)'.+ ((' + 1"!"4 0'2'
('1 51 ((' *#0 - ) " 0# .")# $"%& 0' *) - .3 *.+ 0' )'0# 0"( '(5'-87#-"(: -"!'.0 A(
#.(+#
+*#
%,'( 0 ('-+15C!# - 5"5' 0'7 "-##
+"%& : "51 9#)".0 ( "-+1 '( ' 5"1+#
-#5".0 .*)"
'(+1"+?#"- )*) ;"1 ""'- . )# "5 1+* *'(""- 5'1 "%& ' 7)'.+ 0'5"1 -'1#"( ?+"2'$"
71 )")"# ( '95'0#
+"0'# . 2"%& : 0'(0'6*'- '1 '.+ ''0# 1
##0"" !3 '-+#
2 (

G#*1
" D ;". '1
" 0'"-%& 5"1
" (

"721
7$8'"(
24)
'-4'"(
'

/!-'
"01$
-'
/!-' 1
!"23'!4562
/!-' 8+1
'8'"(
!562
0'.+#
7#-"%& 0 Q
('-+1
"1"-+'1#$"%& ;1#1#
0"0'( 0 Q('-+1
.@#('- ) ( "-+1
'( - )5".4")'.+ ''(+
1"+
?# "
'*.#& '5". 0'"-%& )5')'.+"%& ') .#+1" ')

& ' & '

, &

, &
, &
) -"0" 5 ((*# -"1"-+'1
8(+
#-"( ' .'-'((#0"0'( 0#
7'1
'.+'(: .& (' 0'2') "5# -"1
"*+)"+
#-")'.+
' )'0#0"( 51? 0'7#
.#0"( )"( ".+'( (' *#
1*) 5". 0' "-%& - ) #*(+ 1
"0 ."
G#*1
" U: 6*'5"(("5 10#7'1'.+'( 7
"('(: -"0"*)"0# 1##0""*) 0 ( !3 '-+
#2 ( '(+
1"+
?#- (K

0'.+
#7#
-"1' -"1
"-+
'1#
$"1 ( * ('-+1
'( - ) 5 +
'.-#
" 0' -1
'(-#
)'.+ ' 2 .+ "0'
'.0/ '."0''.- .+
1"1. 2 ( ) 0' ( 0'1'"-#.")'.+ '.+1'')51
'("( ' 1 ".#
$"%,'(

G )'.+
"151 -'(( ( 0''.2 2#
)'.+ 5C!#
- ."0'7
#.#
%& 0''(+
1"+
?#"( ('-+1
#"#
(

;1 ) 2'1 "*)'.+ 0"( 1


'"%,'( '.+
1'" '.+
'( '- ./)#
- ( ') !"('('-+1
#" *1
' #."
! "#$%& ' (! )%*! ( (+* &$ ($ %! )(% )$" )% $, % ) $& $ -&./ 0 %&'& -)1 & (
)-')$" ) ) ('& 2$3&() $ &((&' ) %& " &435
(% ) ) ) !)6 7 * ()8 &7 $ $" &$") ')
!)%*!( () $ )(3 ! . 7 & -(/ ' ! % )(( ') %! )(% )$" " !
&$(3 ! * ( )7 % 4%&$' $ %)$" ! &
$ -&./ ) % & " &4+* &$ %& " &4+* &$ $/ 0 & (9*) &(%& &%'&')(7 % $+)% )$" )
&( % )"
2$%&( $% ! ! &'&( $ ( $'-5 '* ( ) )(" : $" & )$" ) &(( %&' & %& " &4( %&4 7
% $8*$" ') ! )')(') ! )4&.;)(9*) 3&%4" & & % )! &./ ')$" ! ) )$" !
) 6! * (7 % (*<4$+&'
) = >> ? 6! &$') '3)! )$.& )$"!) %& "&4+* &$ ) ) !
)6 0 & ((<4'&') ')
&%* *4 &./ 7 *()8 &7 ') &* )$" &!& 9*&$"'&') $ 3*" *! 9*&$' () % 4%& ') &! ") &46*$(' (
!)%*!( (' ! )()$") @ ! *" !&( &4 &-! &(7 &( $&.;)( ) ( $'-5 '* ( ! )%(& ') $-)("! &! &
&* )$" &! $5 -)4') %& " &4+* &$ ) &4 0 '(( ! )")$') )-"&! & (*& ') ! )%&. / )
%& &%'&') &! & 6)!&!!9*)1&7 <!6& () & * $-)(" )$" % $" 5$* ) (*(" )$" &' %& " &4
+* &$ $% ! ! &' $&( )(( &( ( < & 3 ! & ') 9*&43 %&. ;)(7 )A )!2$%& ) %& &%'&')( 0
)(()$%&4 &! & 3&%4"&! !%)(( ') & ! )$'1&6) ) ') &'& " &./ & * % $" )A" )% $, % )
*"&./ %)$"!&4'&') ' %& " &4+* &$ $ <) )(" &!'&( )(( &( ) '&( $&. ;)( ) & (*&
$&"*!)1& ') $-)(" )$" (*6)! ) % ! !'&') $& ')3 $./ '&( 4 5"%&(') )'*%&./ ) ')
3 ! &./ 7 $* & , "%& ') ! )$'1&6) & $6 '& B'& - ( 3&%"( &* )$" '&
)( )! &$.& 0'& ') -'&7 ! 4$6& )$" ' ( &$ ( 9*) &( )(( &( ')'%& & )! %&' ')
"!&<&4+ ) &($ -&()A62$%&(') % )"2$%&( &! & & ( %)'&') ' % $+)% )$" )A6) * &
% $"5$*& &%" *&41&./ '&(9*&43 %&.;)() ' (&<)!

)6*$' & ((/ *! ) & = >> ?7 (3! &% (!)(*4 "


&' ('& *! & 9*&$" C )- 4 *./ &!& &
( %)'&') ' % $+)% )$"7 )( )%&4 )$" ) () % &!&' (% (' ( (" &' ( $' (7 ')-) ( )
& $-)(" )$"( <& A ( $ 9*) "%& & ( ! )%*!( ( +* &$ ( (" ) $-)( " )$" " ) &%"(
(6$3 %&"- ( & $5 -)4' %!)(% )$" ) ' ) !)6 %"*&4 )$")7 > ! %)$" ' ( 8-)$(
)*! )*($/ ((*) &(% )"2$%&(<:(%&( &! & & ( %)'&') ' % $+)% )$" (" $%4 * &(
% )"2$%&("!&'% $& ( % &4 )"*!&7 & )(%
!"& ) %:4 %*4 ) *" !&(% )"2$%&(&'% $& (
% &(45
$6*&(7 )( 5 !" ) !))$')' !) &(% )"2$%&() " )%$ 46&(') $3 ! &./ ) ')
% *$%&./ D )''& 9*) & ( %)'&') ' % $+)% )$" )A6) & !46&./ )$" !) (((" ) &(
') & !)$'1&6) 7 " !
&<&4
+ ) $ -&./ 7 C )''& 9*) &() !
)(&(&((* ) * & )4 !
"&$")
$& ')3 $./ '&(% )"
2$%&( &! & & % )""-'&')7 (/ *! 6)$")( 4 5"%&( $")6! &'&(-(&$'
* & < & 9*&43 %&./ $%&4 &(" & <0 & ! )9*&43 %&./ ) & &9*(./ ') % )"2$%&(& 4$6
'& -'&

>>>7 $()4+ *! )* ') (< & )(" &<)4)%)* <8)%"- ') "! $&!& *! & * )( &.
'$# % ) % )""- %& &1') 6)! &!E & () )4 +! )() !)6 (F ) !
)6 0 * ' () A (
%)$"!
& ( &!& &"$6! ( <8 )%"- (') (< &7 ()$' %)! " 9*) & (9*) * & 2$3&() $ $G )! ')
) !)6 (7 3 % ')-) ()!$& ) !)6&<4'&') ' (%'&'/ (7 & (*& %& &%'&') ') % $" !<*! &!&
& %!&./ ') -&4!&" !&-0(' " !&<&4+ $()4
+ *! )* ') >> )(" &<)4)%)* &( ! !'&')(
4"%&() &"0!& ') ) !
)6 7 $ ()6* )$" '&(% $%4 *(;)(' ! )4
&" ,! % ! ')$&' !H
I J7 & $" &$' % ! !'&')( &* )$" '& %& &%'&') ') &'& " &./ ' ( " !&<&4
+&' !
)()
) !
)(&(7 3 )$" ' " !
&<&4+ % * & ./ &! & "' (7 $-)(" )$" $ %& " &4+* &$
) $& )'*%&./ ) 3 ! &./ & 4$6 '& -'& ) & 4
) )$" &./ ') ! )3 ! &( &! & * & )4 +!
6 -)!$&./

@! "*6&4)$3! )$"& +8) * 6! &$') ')(&3 $ 9*) !)( ) "


& C '( $<4'&') ) & *( ' (! )%*!((
+* &$ (7 * ')(&3 ) " )! (') 9*&$"'&')7 ') 9*&4'&') ) ') (*(")$" &<4'&') ' ) !)6
( &$3)(" &.;)( & ( -(5 -) ( ' ')(&3 (/ 7 9*&$" C 9*&$"'&')7 ')() !)6 8-) )
')() !
)6 *% 9*&43 %&' )7 9*&$" C 9*&4'&')7 <& A $5 -)4') +&<4" &.;)() 9*&43 %&.;)(
'& *4&./ ) !)6&'& ($)%)(('&')(') / ') <! & (/ &(()6*! &'&( !&4 "&( "
&A&(')
&!"% &./ 3) $$& ) ' ( ' ( ($ )!
%&' ') "!&<&4
+ 7 '&( & ()4 )-&'&('& $/ *! ) &
)7 & (! )%)$") )$" )7 !* 34 *A 6!&"
,! !6$:! ' ! &(47 '& K3!%& (*<(&+&!&$& ) '

)6*$' (&J)$) &*6)$


I J7 H =% !'?7
)("
) '& *! &

B:! ( $'%&' ! )( $")!$&% $& ( % 4%& @! "*6&4 ) ')("


&9*) *% ! (( ! 9*&$" C
9*&43 %&./ ) 3 ! &. / ' (()*(! )%*!( (+* &$ (7 % 4
*("!& & 3 6*!& $"!) L> &5
()()
!)6;)( % $(')! &'&( )4 )""-)$)(( M)&!< J >>N7 @ ! "*6&4!)6("& * '( !)(
')() )$+ (& $5 -)4' ( $'%&' ! )(') 9*&4'&') 9*)!' ((" ) & )'*%&"- 9*)!' ((" ) & ')
3 ! &./ &!"%*4
&!7 ((" ) & )'*%&"- 0 & $'& $(*3 %)$") &! & !)( $')!C($)%)(('&')(
') * & )% $ & % )""-&7 & )(&!') @ !"*6&4()!* ' ( &5 ()(% & ! $-)(" )$" !
&!") ' ()%"! G<4% ) )'*%&./ ) )!
%)$"&6) ' ! '*" 9* "& <0 0 ! )%(
"!&$(3 ! &! )(3 ! . ! )()$") ) 9*&4'&') ' )(3 ! . )!)(*4"
&' (

"
)! ('& ! ) &!&./ '& 3 ! .& ') "!&<&4+ &! & & )% $ & 64<&4 7 ( $'%&' ! )($/ (/
&$ &' ! )( )7 ' ( )( ( L> &5 ()( ) ! )6;)( % $(')! &' (7 & )$&( " " 2 * & )$ !
'( $<4'&') ') ! )%*!( (+* &$ (9*&43 %&' ( ! )9*&43 %&./ 7 & 3 ! &./ & 4$6 '& -'& )
& &"!&%./ ') " !
&<&4+&' !)( 9*&43 %&' ( 0 * & :! )& 3*$'& )$" &4'& 4
5"%& )% $, %&7 ')
)'*%&./ 7 3 ! &./ ) ) !)6 7 () 9*()! (! )%* )!&!!" (') %! )(% )$" & ('$# % (
$5
-)4'& 3 ! &./ & (" *&./ ! )%(& ') ()!!&'%&4 )$" ) $-)! "'&O$)(" ) )$" & 3 ! &./
' ("!&<&4 +&' !)($/ 0 ! !'&') &! & &($ ((&() !)(&(7 ()$' @ ! "*6&4 ()6*$' &5 (%
!')( ) )$+ $)(") $'%&' !

P6*!
& '*%&./ ) !
)6

Ranking de Portugal

60
53
51
50 46
41
40
Índice

30

20 14
9
10 7
2
0
b.

a
as
s

da

ão
a

ra

ad
ti v
re

ci

gu


ca

.T
do

ra
a

eg
l in
uc

ifi

uc
te

c
a

pr
al

er
Il i
lh

Ed

Ed
to

Em
qu
ba

m
en
a

p.
a
tra

o
em

p.
im

in

es
lh

Po
in
o

c
ba
st

D
he
ã

m
Si

tr a

on

Fe
rm

p.

Fo

Po
Fo

P $"
)O )""-)$)((M)&!
< J >>N

% $"!&("
)7 (< $(')() )$+ ($& :! )& '& )'*%&./ ) 3 ! &./ (/ % $()6*' (& $5 -)4
' ( $'%&' ! )( 9*&$"" &"- (7 )( )%&4 )$" ) 9*&$" & $"&$") ') ')( )(& G<4%& )
)'*%&./ ) & %& &%'&') ') &$")! * < $5-)4') ) !)6 3) $$ ) "" &4 & !
% $% !!2$%& $" )!$&% $&4 & )&.& $ (( 9*&'! ') ) !)6 * & -)1 9*) ( (
&!"%*4&! )$" ) -*4$)!:-) (C ')(4%&41&./ 7 '&'& & $ ((& )( )%&41&./ ) :! )&(') / ')
<!& $" )$(-& & <0 &( $)-" :-) ( 34
*"*&.;)( ! , !&( ' %%4 )% $, % % $" !<*) &!&
3!
&641&!& (*(" )$"&<4'&') ' ) !
)6

(("
) & ') )'*%&./ !"
*6*2()(" :)("
!*"
*!&' ) %$% 6!&$')(:!)&(O)'*%&./ !
0 )(% 4
&!7
)$($ <:(% 7 )$($ ()%*$':! 7 )$($ ,(()%*$':! ) )$($ (* )! !

((" ) & ') 3 ! &./ !


"*6*2( %&!&%")!1& (
) !")! * & '* 4
& "*")4
& ) '* 4 (* ! "
)
$(""*% $&4 &! & (' ((*<((" ) &('& 3 ! &./ O& 3 ! &./ $()!'& $ ((") & ') )$($ 0
"
*")4&'& )4 $(" 0! '& '*%&./ ) & 3 ! &./ $()!'& $ )!
%&' ') "
!&<&4+ 0"*"
)4&'& )4
$("0! ' ! &<&4
+ ) '& 4'&!)'&') %&4
!
)') '& 3 ! &./ $()!'& $ ((" ) & )'*%&"- 0 % $("" *5'& )4 &()(% 4&(()%*$':!&('& ! )')
G<4%&7 )4( )(" &<)4)% )$"( ' )$($ &!"%*4 &! ) % )! &"- % )$($ " )%$ 4,6% )
&!"5("% ) )4 &()(% 4&( ! 3 (( $& (7 $& & !& !-&'&(7 9*) 3)! )%) )$($ ! 3 (( $&4 (
)(% 4&(()%*$':!&( $(%! )-) () $ ((" ) & !)6*4&!') )$($ 7 " 2 $&" *!
)1& G<4%&7 ( < " *")4
&
' $(" 0! '& '*%&./ ( )(% 4&( !3 (( $& ( (/ ! )' $&$" ) )$") )("&<)4)% )$"(
!-&' (7 9*) ! )6!& 6)!&4! )(*4
"& '& $%&"-& ') ! "!)( 4%& (7 & &' ( ! 3*$' (
G<4% (7 9*) 6 1& ') & 4& &*"$ & &(% & "*")4
& %)$" 5
3 %&7 )'&6,6%& ) 3*$% $&4'
$("0! '& '*%&./ 3 ! &./ !3 (( $&4 $()!'& $ ((" ) & )'*%&"- $%& ()7 ! )6!&
6)! &4
7 & ,(& )(% 4&!'&') <:(%& Q &$ ') )(% 4 &!'&') % ! !)( $')$' & ( N &$ (') '&')
)()$- 4-) () $ ()(" &<)4
)% )$"(') )$($ '& ! )') G<4%& ) !-&'& ) " ) & ()6*$" ) 3)!"
&
3 ! &"-&O %*! ( ( ') )'*%&./ ) 3 ! &./ R %*! (( " )%$ 4,6% (R %*! ( ( ! 3 (( $& (R %*! ((
")%$ 4,6% (' )$($ &! "5
("% )( )%&41&' ! )% ! !
)$" )R%*! ( (' )$($ ! )% !!
)$" ) ) %*!( (')
)( )%&41&./ " )%$ 4,6%&

!)4
&./ C ! )') ') 3 ! &./ $()!'& $ )!%&' ') ) !
)6 7 & )A)%*./ '& 4
5"%& ')
3 ! &./ %&<) & $("" *" ' !)6 ) P ! &./ @! 3 (( $&4= P@?7 9*) ')()$- 4 -) & (*&
&%./ &" !
&-0(') * & ! )') !)6 $&4') )$" ! (') !)6 ) ') )$" ! (') P ! &./ @! 3 (( $&4
=-& )$" ! ( ') P ! &./ ') )(" / !
)%"
& ) )$" ! ( ') P ! &./ ') )(" / @&! "% &'&?
3 ! &./ $%&4$()!'& $ )!%&' ') ) !)6 -(& & &9*(./ '&(%& &%'&')( $'( )$(:-) (
&!& ')! $%&! )A)! %5% ') * & ! 3 ((/ ) '!6) () & (8-)$(9*) &<&$' $&! & ((") &
') )$($ () 9*&43 %
&./ ) 9*) ! )"
)$') $6! )((&! $& -'& &%"-& 3)!
"& ') 3 ! &./
!3 (( $&4 $%&4 $()!'& $ )!
%&' ') ) !
)6 0 % $("" *5'& ! %*!
( ( ' ((" ) & ')
& !)$'1&6) ) %*! ( (') 9*&43 %&./ $%&4

# <" '& 3 ! &./ ! 3 (( $&4 $%&4)A(" ) *"!


&( '&4'&')( ') 3)!"
& 3 ! &"-& %
$%'2$%& ()%"!&4'(" !<*5'& ! '-)!( ( $5
-) ( ') 9*&43 %&./ O & 3 ! &./ $ )%"! '
*!( ')()$- 4-) () 3*$'& )$"&4 )$") $&( (% 4 &( ') ")4
&!& ) *!( 7 ( < " *")4& '
$("" *" &% $&4 ') P ! &./ *!5
("%& = P ? ' $(" 0! '& % $ &R & 3 ! &./
!3 (( $&4&6!:!&7 $ ( )$" ! (') P ! &./ 6! :!&7 ( < "
*")4& ' $("
0! '& 6!%*4 "
*! &R&
3 ! &./ $& :! )& '& (&G')7 ( <"*"
)4&' $("0! '& &G') = -)! &<)4& ?

&<)4
& 4
6*$(' (@!$% & ( %"!
)() @4
5"%&(') '*%&./ ) P ! &./

!"
# $%& '(
")' "
**%&
' +)$%&' &!,'-$%&
!)%./ )!
&4') $ -&./ ) ') )()$- 4
- )$" )"2$%& ') % $%) ./ '& % $)$") )'&6,6%& ) '':%"%& ' ((" ) &
*!
!%*4
&!= ? )'*%&"- $/ (* )! ! 7 & )'*%&./ ! 0 )(% 4
&! 7 ()$($ (<:(% ) ()%*$':! 7
$%4*$' &( '&4'&')(') )'*%&./ )( )%&4 7 ') )$($ !
)% !
!)$"
)7 ') )$($
C '("#$%& ) ') )$($ ' !"*6*2($ )("!&$6) !

B &<$)"
) ') -&4&./ '*%&% $&4 @4
&$)& )$"7 % $%) ./ 7 % !
')$&./ 7 )4&< !
&./ 7 -&4'&./ 7 & 4%&./ )
% $"
!4 ') $("
!* )$"(') &-&4&./ )A")!
$& '&(& !)$'1&6)$(

S &<$)"
) ') $3 ! &./ ) -&4&./ ' ("
) & @! '*./ ) &$:4() )(" &"
5("%&7 ') &-&4&./ 7 ') )4&< !
&./ ') )(" *' (
'*%&"- ! ( )%"- () ') 4
&$)& )$" )( "!
&"06% !)4
&"-& )$") & (( "
) & )'*%&"-

S !
)%./ )!
&4' ( )%
*!( ( * &$ ('& '*%&./ $%) ./ '&( 4 5"%&(') ')()$- 4
- )$" ' (!
)%*!
( (+* &$ () ') 6)(
"/
' )(( &4' %)$"
) ) $/ ' %)$")('&()(% 4
&(

S &<$)") ') ((*$"( *! )*() )4


&.;)( @4
&$)& )$"7 % !')$&./ 7 $3 ! &./ ) & "
0%$% ) &"
0!& ') )'*%&./
$"
)!$&% $& ( ) 3 ! &./ - %&% $&4
7 $ # <" ' ( &((*$"( )*! )*( ) '&( ! )4
&.;)(
$")!$&% $& (
$( )%./ )!
&4'& '*%&./ *'"!& ) % $"! 4 ' 3*$% $& )$" ' ((" ) & )'*%&"- $ # <" '
)$($ $/ (* )! !
PB S !
)%./ )!
&4') P ! &./ B %&% $&4= ? )()$- 4 -) )%&$( ( 3&%4" &' !)( '& 9*&43 %&./ & 4$6 '& -'&7 ' (
8-)$( ) &'*4 "(7 $* & 4 ,6%& ') T U') 3 ! &./ PB '$& 1&
* & 3)! "& ') '*%&./ ) P ! &./ ') '*4 "( = P ? )! "$' & <" )$./
'( 7 * %
4( ' $($ :(% &(( %&' ( & * & 9*&43 %&./
! 3 (( $&4') $5 -) ( * 7 $* & , "%& ') '* 4 & %)! "3 %&./ S )(% 4 &!)
! 3 (( $&4
S !)%./ )!
&4' !
)6 ) '&( )4
&.;)(') $%) ./ 7 & "
0%$% ) $ ! &"- $&( :! )&( ' ) !)6 7 '& 3 ! &./
!
&<&4
+ = ? ! 3 (( $&47 '&( !)4&.;)( ) % $'.;)( ') "!
&<&4 + ) ') ()6*! &$.&7 +6)$) )
(&G') $ " !&<&4+
P@S $(""
*" ' !
)6 ) P ! &./ @! 3 (( $&4= ? A)%*./ '&( 45
"%&( ') ) !)6 ) 3 ! &./ ! 3 (( $&4 7 ')3 $'&( )
& ! -&'&( )4 -)!$

N
VPS $(""
*" &!
& & V*&4'&') $& P ! &./ = ? W * $("" *" G<4% - %&% $&' &! & !)3 !. '& 9*&4'&') ) )3 %:%& '
((" ) & ') 3 ! &./ !3 (( $&4 ) @!"*6&4 (" ) ! 6&$( ') &
)("!&"06% C !3 (( $&41&./ ) ')()$- 4 - )$" '&()$"'&')() !3 (( $& (
') 3 ! &./ 7 ')()$- 4 -) ! 8 )%"( 9*) -(& %!&!* ((" ) & ') 3 ! &./
& ( )("!*"*!&' 7 9*&43 %&' ) &')9*&' C( $)%)(('&')( '&( )(( &( ) '&(
!6&$1&. ;)(
@S !
)%./ )!
&4') ("
*' (7 ("
&"5
("%& ) @4
&$)& )$" @! '*./ 7 &$:4() ) '-*4 6&./ ') )(" &"
5("%&( &! & &( :!)&( '&( ! )4
&.;)(
= ? 4
&< ! & (7 ' ) !)6 ) '& 3 ! &./ !3 (( $&4

P@S <()!
-&"
,! ' !
)6 ) P ! &./ @!3 (( $&4 !&' ) QQ 7 ") % ((/ &% &$+& )$" 9*&4"&"- )
= ? 9*&$"" &"- '&( 9*)(" ;)( 46&'&( & ) !
)6 7 3 ! &./ !3 (( $&4 )
9*&43 %&.;)(
S ((/ &!
& & 6*&4
'&') $ !
&<&4
+ )$ !
)6 @! -)! & 6*&4'&') ) $/ '(%! $&./ )$" !) + )$( ) *4
+)! )( $
= ? "!
&<&4+7 $ ) !
)6 ) $& 3 ! &./ !3 (( $&4
P S $(""
*" ') )("
/ ' P*$' %&4 *! )* ("
!*"
*!& 9*) "
) ! <8
)%"- & 6)("
/ $&% $&4' P*$' %&4 *! )*
B $()4
+ &% $&4') %./ %&4' $($ * )! ! !)%&!& % )! 2$%& 64<&4' ((" ) & ') &-&4&./ 7 & &! "!' ( $'%&' ! )(
*"41&' ($&(-:!&( '&4'&')(') )$($ 7 $ ($5-) (') )A62$%& ! &"%&' (7
$& !)4
&./ )$" !
) (%*! ( ( $(" !
&' () &(" )$'2$%&(' )!%&' ') "
!&<&4+
) $& )!( )%"-& '& ' )$(/ )*! ) & ' ( %*! ( ( &-&4&' ( &<) 4 +)7
6*&4 )$")7 ! '*1!! )4
&",! ( !( )%"- () ! )% )$'&.;)(') ! &% $&41&./
) )4 + !& ' ((" ) & ') )$($ (* )! !
$()4
+ &% $&4') '*%&./ P,! * ') &!"% &./ ') %!:"%&7 % )( &. ') ! )34
)A/ ) ')<&" )
)(%4&!)%' 7 % ,!6/ ! "!') % $%)! "&./ )$"!) ('-)! ( ( &! %) ! ()
$" )!)(()('& ( %)'&') %-4) (')" )$"! )('& 4)6" '&') &! & ')%'!) X!
) ! :"%& &( )''&(') 45
"%& )'*%&"-&
$()4
+ * )! !') 2$%&7 )%$ 46& ) $ -&./ !6/ ') % $(*4 "& ) &% $()4 +& )$" ' $("! '& 2$%& ) ' $($
* )! ! 7 $ ' 5 $ '& 4
5"%& %)$" 53 %& ) ")%$ 4
,6%& ) $& ! ./ '&
$ -&./ 7 () !)8*51 '&( &" !<*.;)( ') *"
! ( ') &! "
& )$"(
6 -)! $& )$" &(
B %&% $&'& &! & & ')3 $./ 7 )A)%*./ ) &-&4&./ '& 45"%& $&% $&4 &! &
!
)%./ )!
&4' $($ * )! ! )$($ (* )! ! $ # <" ' $("0! '& 2$%&7 )%$ 46& ) ' $($
* )! !
P*$'&./ &!
&& 2$%& ) & )%$ 46& @! -) & $-)("6&./ %)$" 53 %& ) ')()$- 4 - )$" " )%$ 4,6% $&% $& (
)4 3 $&$%& )$" ') < 4 (&(7 ! 8 )%"() $("" *.;)(') $-)("6&./ %)$" 5
3 %&
&<$)"
) ') )4
&.;)( $"
)!$&% $& ('& 2$%&7 )!-. ' " &' ') &*"$ & &' $(" !&"-&7 % 3*$.;)( ') 4 &$)& )$"7
)%$ 46& ) $($ * )! ! % ! ')$&./ ) & "0%$% $&(:! )&(' (&((*$"(% *$" :! () '&(! )4&.;)(
$")!$&% $& ($ (' 5 $ ('& %2$%&7 '& " )%$ 46& ) ' )$($ (* )! !
$( )%./ )!
&4'& 2$%&7 )%$ 46& ) $($ * )! ! )!-. % !)( $(&<4'&')( $ # <" '& &*'"!& ) ' % $" !4 '
3*$% $& )$" ' ((" ) & ') )$($ (* )! ! ) ' ((" ) & %)$" 5
3% )
")%$ 4,6% 7 <) % ' (! )("&$"
)(()! -. () ! 6&$( (' $("0! 7 ) ')
(&4-&6*&! '& ' ( $")!)(()(' (*" )$")(' ( )( (
<()!
-&"
,! '& 2$%&7 )%$ 46& ) $($ * )! ! 0* !6&$( G<4% 7 "*")4&' )4 $(" 0! '& 2$%&7 )%$ 46&
) $($ * )! ! ) - %&% $&' &!
& & ! )% 4+&7 " !&"
& )$"7 &$:4() )
'-*4 6&./ ') $3 ! &./ )(" &" 5
("%& ) )("*' (!)4&"- (& (((" ) &(%)$" 5
3% )
' )$($ (* )! !$&% $& (
<()!
-&"
,! '& %)'&') '& $3 ! &./ ) $+)% )$" ((/ ' % $((" ) ) &% &$+&!) $" )! ! )"&! (')()$- 4 - )$"(
) &"0!& ') %)'&') '& $3 ! &. / ) $+)% )$" ) @! "
*6&47 ")$'
) -("& & '( $<41&./ ') $3 ! &./ ') (* ! ") C " &'& ') ')%(/
4"%& <) % & ! '*./ ') % $+)% )$" &! & '-*46&./ 8 *$" '&
( %)'&') %-4
.',+$%& /' ,$0'*/' /+, $%&' & 1 $%&
$-)!
('&')() $(""
*"(@ 4"
0%$% ( $( ""*.;)( ') 3 ! &./ * )! ! 7 " *")4&'&( )4 $(" 0! '& 2$%&7
)%$ 46& ) $($ * )! ! C 3 ! &./ ,(()%*$':!&
(% 4
&(@!3 (( $& ( ()(% 4 &( !3 (( $& (= ') ( )! G<4%&( * !-&'&(?7 ! )6!& 6)! &4!)(*4"&
'& $%&"-& ') ! "! )(4%& (7 & &' ( !3*$' ( G<4% (7 9*) 6 1& ')
& 4
& &*"$ & &( % & " *")4& %)$" 53 %&7 )'&6,6%& ) 3*$% $&4 '
$(" 0! '& '*%&./ (" / '(" !<*5 '&( )4 " )!!",! $&% $&4 7 % & !
)( $&(! )6;)( & (')()$- 4 -'&(' 4"! &4
(% 4
&(@G<4%&( (% 4&(9*) () $(%! )-) $ ((" ) &! )6*4 &!') )$($ 7 ( <" *")4& ' $(" 0!
'& '*%&./
(% 4
&( )%$ 4
,6%&( ()(% 4 &(" )%$ 4,6%&((/ $3! & )(" !*"*! &(') 3 ! &./ %!&'&() & &'&( )4
$(" 0! '& % $ &7 % <8)%"- ') '&! ! )( (" & & $)%)(('&')(
')% ! !)$" )('& %&! 2$%& ') 9*&'!()( )%&41&' ($&() !)(&( $")!-)$./
'&( )(% 4 &( ")%$ 4,6%&( " ) () %)$" !&' 7 )(()$%&4 )$" )7 $& ! 6&$1&./ ')
3 ! &. ;)( ,(()%*$':!&(') 4$6& '*! &./ 7 !)$" &'&( &! & & )( )%&41&./
")%$ 4 ,6%& ) :!)&( % $(')! &'&( )(" !&"
06%&( &! & ')()$- 4 - )$"
")%$ 4 ,6% ) ! 6&$1&% $&4' " )%' ) !)(&!&4
)$"
! (') P ! &./ ') )("
/ !
)%"
& P@ $'&')( )!&% $& ( ' P@7 " )$' % % )"2$%&( & ! 6! & &./ 7
!) &! &./ 7 )A)%*./ 7 & ) &-&4&./ '&(&%.;)(') 3 ! &./ ! 3 (( $&4
!)') ') )$" ! (') )(" / !)%"& 0 % $("" *5
'& ! %)$" !('(" !<*5 ' ( )4
")! !"
,! $&% $&4) ' (%)$" !(') ! )&<4" &./ !3 (( $&4
)$"
! (') P ! &./ @!3 (( $&4') )("
/ @&!
"% &'& & <0 %+& &' ( ') )$"! ( @! "% 4 &!)(7 (/ % $("" *5' ( &" !&-0( ')
&% ! ' ()(" &<)4)%' ()$" !) P@) &(&(( %&.;)() !)(&!& ( *($'%& ('
)%"!) " 2 % <8 )%"- & ! ./ ') &%.;)( 3 ! &"-&( ') $&" *!)1&
()%"!&4 * ! 3 (( $&4 !)') 0 % $("" *5
'& ! %)$" ! (7 % $G%4) (
!)6 $&41&' () *$'&')( ,-) (
)!
&' !
)( !-&' ( $"'&')( !-&'&(9*) &%" *& $& :! )& '& )'*%&./ ) 3 ! &./ !3 (( $&4
"
! !,"1'!2
&
@ P S @! 6!
& & )!
&% $&4 !
)6 7 P ! &./ ) ' ( $( "!* )$"()(" !*"
*!&$")(' ')()$- 4 - )$" ' )%*! ( ( * &$ (
)()$- 4
- )$" %&4 '&( ) !)(&( @ !"*6*)(&(7 $ # <" ' V*&'! *$":! ') )
% $(""* * & ).& %)$" !
&4 &! & & % $%!
)"1&./ '& (" !&"06& *! ) & &! &
!)6 7 ') &% !
' % &( ! !'&')(')3 $'&($ @4 &$ &% $&4') !)6
S@
@ @S @! 6!
& & ') )()$- 4
- )$" '*%&"- &!
& @ @ 0 @!6! & & ') )()$- 4 - )$" '*%&"- &! & @!"*6&4) 9*)
@!"
*6&4 -& -6 ! &!7 $ # <" ' V 7 $ )! 5' ') >>> & >>L @ @ -(&
)4
+! &!& 9*&4'&') '& '*%&./ :(%&7 % $" !<*$' &! & * & %*4 "*!& ')
$%&"-&7 ! )( $(&<4'&') ) %'&'&$&R)A &$'!) '-)! (3 %&!& 3 ! &./ $%&4
') 8-)$(7 & (" &$' $& 9*&4'&') ) )4 )-&'& ) !
)6&<4'&') '&( $ -&(
6)!&.;)(R ! -)! & !
)$'1&6) & $6 '& B'& ) )4
+! &! &
) !)6&<4'&') '& *4&./ &%"-&

L
@ S @! 6!
& & ') $%)$"- () ')!
$1&./ '& % $ & @ -(& ! )3 !
.&!& ! '*"-'&') ) % )""-'&') '&( ) !
)(&(7 <)
% !)3 !.&! &( 9*&43 %&.;)( ) &( % )"2$%&( ' ( &%"- ( C( %! )(%)$")(
$)%)(('&')('&() !
)(&() ! 6&$1&.;)('& )$- 4 -)$")) !)(&!&4
@ S @! 6!
& & )!
&% $&4 $+)% )$" ) $ -&./ 3 $&$%) ! ( C 3 ! &./ &-&$.&'&7 &!& )( )%&41&.;)(7 )("
!&' (7
' *"! & )$"() ,(' *"! & )$"() *$-)! ('&')($&% $& () )(" !&$6) !
&(7
$(""*. ;)(') Y ) ) !
)(&(
@ S @! 6!
& & )!
&% $&4 %)'&') ' $+)% )$" (C 3 ! &./ ) %)! "3 %&./ ') % )"2$%&() 7 ')()$- 4- )$"
'& $-)( "6&./ %)$" 5
3 %& ) " )%$ 4
,6%& &! & & %)'&') '& $3 ! &./ )
-)!$ 4 )%"!
,$%
'2
"("
, $%&
@S ("
) & &% $&4') )!
"3 %&./ @!3 (( $&4 !&' ) QQ 7 -(& & %)! "3 %&./ ' ( " !&<&4+&' !
)( !"*6*)()(7
$') )$')$" ) )$" ) ' % $" )A" ) '& 3 ! & % &( % )"2$%&( 3 !&
&'9*!'&(7 " )$' ) -(" & & <4'&') ) & ) !
)6&<4'&') ' (&%"- (7 &((
% !)3 !. '& " !
&$( &! 2$%& $ ( !%)(( (') 9*&43 %&./
PS (
") & ') %!
)'"
&./ ') $"'&')(P ! &' !
&( 4) )$" &' ) QQ 7 -(& % $" !<*! &! & & )("!*"*!
&./ ) 9*&4'&') '
((") & ') 3 ! &./ !3 (( $&4 7 &! & & )4
)-&./ '& (*& *"4'&') ) )3 %:%&7
<) % &!& & (*& &')9*&./ C( *4
&.;)(&4 - 7 )'&$" ) * & -&4'&./
64<&4%)$" !&'& ( <!) & %& &%'&') ) & - %&./ '&()$"'&')(
B S (" ) & &% $&4') )% $+)% )$"7 B&4'&./ ) )% $+)% )$"7 ! &! ") ' ( ((" ) &( ') )'*%&./ ) 3 ! &./ 7 '&(
)!
"3 %&./ ') )"
2$%&( % )"
2$%&( &'9*!'&( )4( &'*4 "( & 4$6 ' ()* )! %*!( )(( &4)
! 3 (( $&4
P $"
)O&'& "
&' ') P @= +) &"% -)!
-)Z >>N?

) % &!&! (& $ (( & (" *&./ % & ' (! )("


&$")( &5()('& $/ *! ) & & N7 @ ! "*6&4
& $'& %* &!* 4 *6&! ')(" $& 6)$)! &4'&') ' ( $'%&' !)(') )'*%&./ ) ') 3 ! &./
&5(7 & $'& 9*) % $"$*) & % $( )6*!&4"
&(" &A&(') ) !)6 $ )&'& )$" ) ) !)6 3) $$
) (0$ ! ) * & " &A& ') ')() !)6 &<& A '& 0'& )*! ) &7 & !
)()$" & !
)(*4 "&' ( & (
!) %* &$" )( & $5 -)4' ( $'%&' ! )( ') )'*%&./ ) ') 3 ! &./ 7 % ')() )$+ ( <! )(
9*&$" & (*%)(( )(% 4 &!7 C &! "% &./ ) &%.;)(') )'*%&./ ) 3 ! &./ ) C ! ) &!&./ '&
*4&./ &%"-& &! & (')(&3 ('& ( %)'&') ' % $+)% )$" = &<)4 & ?

&<)4
& S "
*&./ !
"*6*)(& 3&%) C N
"
2+ $%&
!/"
, /& 3 41') 5& 6+'17/"8
9 4-"
& 6+'17/"8
&A& ') ) !)6 3
&A& ') ) !)6 3) $$ 3
&A& ') ) !)6 (0$ != N L &$ (? 3
!)6 $& $'G(" !& ') &4
"&" )%$ 46& 9
!)6 $ (()! -. (&4 "&")%$ 46& 9
- (4%)$%&' () %2$%& ) " )%$ 46& 9
@!'*"-'&') ' " !
&<&4+ 9
&A& ') *4&./ 9*) % 4)"* )$($ ()%*$':! 9
@)!%)$"&6) ') 8-)$(') &$ (9*) % 4)"* )$($ ()%*$':! 9
@ *4 &./ &%"-& % )$($ (* )! ! * & ( 9
!)$'1&6) & 4$6 '& -'& 9
&A& ') (&5
'& ! )% %) ' ((" ) & )'*%&"- = 3& A& )"
:!& [ &$ (? 9
&A& ') ')() !)6 3
&A& ') ')() !)6 4$6& '*! &./ 3
)() !
)6 '& *4&./ % 6!
&*)$($ ()%*$':! = &"0 & Q &$ ? 3
)() !
)6 '& *4&./ % 6!
&*)$($ ()%*$':! 3
)() !
)6 '& *4&./ % )$($ (* )! ! * & ( 9
P $" )O& &! "!') ) =$9*0!" & !)6 ?

("*&./ ') @ ! "


*6&4"!&'*1* () $)%)((&!& )$") ) $5 -) ( & (<& A (') ! '*"-'&') ) ')
% )""-'&') >> 7 @ ! "*6&4)!& ' ( &5
()( % ! '*"-'&') ' " ! &<&4
+ & ( <& A&
)$"!) ( N &5 (
)('& $/ *! ) &7 " )$' & ( &$+& ) & ! 4
&$'& 8:&4%&$.&' -&4! )( ! ,A (
* &% & '& 0'& $ (( & <& A& ! '*"-'&') % $3 ! & () ) ! )4
&./ & &4 6*$(' ( &5 ()('
&4
&!6& )$"7 )A) 4 '& (4-0$& *'& *$6!&7 9*) $'%& ")$%& ('3 %*4'&')() " )! (
') % )""-'&') )A")! $& ) %& &%'&') ') &" !& ! $-)(" )$" '! )%" ) $ -&( :! )&(
$ -&' ! &(') <&() "
)%$ 4,6%&

)( )%&41&./ ' " )%' ! '*"- !"*6*2( ! )%(& ') () &4 "
)!&!7 ' $*$' )( ')
()%"!)( ') <& A& $"
)$('&') " )%$ 4
,6%& $" )$(- ( ) "
!&<&4
+ *% 9*&43 %&' (( (, 0
((5
-)4% * & & (" & ')%(-& $& 9*&43 %&./ ) &"! &%./ ') !)%*!( (+* &$ (9*&43 %&' (
@&5()(% & ( &$+& *& ! 4
&$'& &* )$"&! & % $(')!
&-)4 )$") (()*($5-) ()'*%&% $& ()
& 3)! "
& ') ! )%*!
( ( +* &$ ( 9*&43 %&' (7 & ("&$' ) ()%"!)( ') )4
)-&'& $" )$('&')
")%$ 4
,6%& ) -&4!&%!)(%)$"
&'

& ! &! ") '& *4


&./ !
"*6*)(& "
) % +&<4" &.;)( :A &( )$($ <:(% 7 % * &
)!%)$"&6) ! )4 &"-& )$") !)'*1'& ') 4%)$%&' (S \ % $"!& 7[\ $& $/ *! ) & & N
(" (6$3 %& 9*) 6! &$') &! ") '& *4
&./ &%"-& & $'& $/ ((* &(9*&43 %&.;)($)%)((:!&(
&!& !)( $')!& * )!
%&' *$'&4 & (&<)! " ) )A6)$" )7 9*) & )&.& (&%" *& ($5-) (')
) !)6&<4'&') >> 7 >7L\ '& *4
&./ !"*6*)(& )$"!) N ) L &$ ("$+& % 4
)"&'
)$($ ()%*$':! 7 * ()8 &7 * " )!
. '& 0'& )*! ) & ) )" &') ' ( $5
-) ( -)!3 %&' ( )
( &$+& =P6*! & ?

P6*!
& S &A& ') *4
&./ 9*) % 4
)"* )$($ ()%*$':! = >> ?

Finl. 74,7

Din. 80

Irl. 60,3

Esp. 41,6

Port. 20,6

UE15 64,6

P $"
)O

/ &(3& A&()" :!&( & (8-)$(9*) & ! )()$"& & ! )($5-) (') +&<4" &.;)(7 9*) " !&'*1
)(3 !. ! )&41&' $&( G4 " &( '0%&'&( ) ")! ( ') )'*%&./ &<)4& ("!& 9*)7 )
>> 7 %)! %& ') )" &') ' (8-)$(&"0 &$ ("$+& )4 )$ ( &$ )$9*&$" ) QQ
)((& "&A& )! & & $'& ') 7[ !%)$" )(&!')(") )(3 !.7 @ !"*6&4)$% $" !& () & $'& <&("&$" )
'(" &$") ' ')( ) )$+ ' (!)("
&$")( &5 ()(% *$" :! () 4$6) '& )" & )*! ) & &! & )(" )
$'%&' ! 7 )(" &<)4)%'& &! & >>) [N ! %)$" ( &5 ()( ') !)%)$" ) &')(/ C $/
*! ) &7 $G )! ') 8-)$(% )4 )$ ( )$($ ()%*$':! 0 (* )! !& >\7 (* )! &$'
(Q>\ $& ) G<4%& +)%& ) $& (4-:9*&

!) " & $5
-)4'& 9*&43 %&./ '& *4&./ 8-) 0 $G )! ') 8-)$(9*) $/ % $%4 *) (
)("*' ( $ ()%*$':! ) $ *$-)! ("
:! 7 9*) (6$3 %& 9*) 6!&$') &!") (& ' ((") & ')
)$($ % 9*&43 %&.;)(')(&')9*&'&() &<& A ' ((5
-)4 )$" !&'& ')("
)(8-)$($ )!%&'
') "!&<&4
+ " !
&'*1 * & 3)! "& )$ ( 9*&43 %&'& ') !)%*!
( ( +* &$ ( ' 9*) ')()8:-)4
7
% $"!<*$' &! & &* )$" ' ')() !
)6 $& 3& A& )":!& & (8-)

&<)4
& S &<4"
&.;)() (&5
'& !)% %) ' ((") & )'*%&"-
!/" , /& &2+ ) *- !5 &)
;!" *)&<=6+" '- '2 : :
4 :: 8 5', -
@)!%)$"&6) ') 8-)$(') L7 Q L 7N [Q7N Q 7 Q>7Q [N
&$ (9*) % 4)"* )$($
()%*$':!
@ *4 &./ &%"-& % )$($ \]] \ N\ \ \ \
(* )! ! * & (= 3& A& )" :!&
N L &$ (?]
&A& ') (&5'& ! )% %) ' N7Q Q7 >7 N7 7 L7 >
((") & )'*%&"- = 3& A& )":!&
[ &$ (?
]) >>
]] N
P $" )O ) = '*%&" $&"& 4
&$%) >>N?

[
9*&43 %&./ ' ( ! "*6*)()($)%)((" & ') )''&(% $%! )"&() !)$" &'&( &! & ( & (8-)$()
&!& (&'*4 "( )(() ( )$"' 7 &( ! (" &(9*) % $("& ' @4 &$ &% $&4') !
)6 = @
>>N >>[? (/ 3*$'& )$" & ( &!& & $-)! (/ '& (" *&./ &%" *&4 @&! & ( & (8-)$(& (" & ()
$ &$ % !
)3)!)$%&4 5 $ ') 3 ! &./ 7 % &% $")%) $& & !& ' ( &5 ()()*! )*(7
) $ $%)$"- & &* )$" '& 3! )9*2$%& ' (%*! ( (" )%$ 4
,6% () !3 (( $& ( )$($ " 0%$%
) !3 (( $&407 &4:(7 * & & (" & %4&!& ') "' ( ( &5 ()( )*! )*( % 6!&$')( 5
$'%)( ')
')()$- 4 - )$" S %&( '& *0%&7 '& 4 ) &$+& * '& P$4 #$'& % ,<- ( <)$)35% ()
")! (') % )""-'&') ) ') ) !)6&<4'&') -&4!1&./ ' )$($ " 0%$% ) !3 (( $&40
! (( * & ! !'&') ' @4 &$ &% $&4') !
)6 9*) '1! )( ) " C( 4 5"%&('!6'&(
& (&'*4 "(7 ! -)!() :& *"41&./ ') )%&$( (8 :)A(" )$")(7 % (%*! ( (') '*%&./
) P ! &./ ') '*4 "( = P ? ) )% $+)% )$"7 B&4'&./ ) )! "3 %&./ ') )"
2$%&(
)(% 4
&! )( * !3 (( $& ( = B ?7 9*) )! "! : &* )$" &! (*<(" &$%&4 )$" ) ( $5 -) ( ')
9*&43 %&./ '& *4
&./ !"
*6*)(&

( $5-) (') )(% 4&!'&') "2 )3) " '! )%" $& ) !)6&<4'&')7 % & " &A& ') ')() !)6 &
' $*!C )''& 9*) &(+&<4" &.;)(&* )$" & @! "*6&47)) >> 7 & "
&A& ') ')() !)6
& ()4)-&'& )("
: &(( %&'& C *4
&./ % $5
-)4') )'*%&./ &" 0 & Q &$ 7 ) & " &A& & (
<& A& )$"!
)& *4&./ 9*) ')"$+& )4 )$ (& 4%)$%&" *!
& = &<)4
& ? (" & ("
*&./ 0 *"
!) %* &$") '&' 9*) %)! %& ') [\ ' ( ')() !)6&' ( $(%!"( $ $("" *" ' !)6 )
P ! &./ @!3 (( $&4= P@? ) >>N "$+& & )$&( )$($ <:(% * $3)! !

&<)4
& S $'%&' !
)(') ')() !
)6 = >> ?
&2 *- ) "
! "
!)
&A& ') ')() !
)6 ""
&4
[7 L7 >7[ 7N N7 [7[
&A& ') ')() !
)6 4$6& '*!
&./ ]
7 7 7Q 7N 7 7
)() !
)6 %^ 6! &*)$($
()%*$':! =&"
0 & Q &$ ?]]
>7 ] L7 7N L7 [7 7N
)() !
)6 %^ 6!&*)$($
()%*$':! ]] 7>] N7N Q7 7 7Q [7
)() !
)6 %^
)$($ (* )! !)
& (]] 7 ] 7 7 7L
'&' ( &! & >>
]] ( $'%&' ! )(!)3)!) () & 6!
* N NQ &$ (
P $" )O ) =$9*0!" & !)6 ?

& -)19*) &("&A&(') ')() !)6 (/ & ! )() 6! * (( %&4 )$" ) ')(3&- !)%' (7 ()$'
%)!%& ' ' <! 3&%) C 0'& $&% $&4 7 )A(") & $)%)(('&') ') 4
5"%&()( )%53 %&( &!& ' $*!
')() !)6 $ ( 6! * ( & ( ')(3&- ! )%' ( " !&<&4
+&' !)( % <& A $5 -)4') +&<4" &.;)(7
' ( (7 )(( &(% ')3 %2$%&7 )" % (" )(6! * ( & (')(3&- ! )%' (" 2 '3 %*4 '&')(&%!)(%'&(
$& $()! ./ ) &%.;)(') )'*% &./ ) ') 3 ! &./ 7 9*) (*6)! ) )% &$( (') ()$(<41&./ )
') )("5 *4 C &! "% &./ $& )'*% &./ ) 3 ! &./ 7 &'& " &' ( & ( '3)!)$" )( 6!
* (&4 -7 $
()$"' ') * & ( %)'&') & ( $%4 *(-&

&!") '&( 4 5
"%&(&%"-&( &! & -)$%)! '03 %) ') )(% 4&!1&./ ) ') 9*&43 %&./ )(" :&
3 ! &./ & 4$6 '& -'& !9*) ! -) & &9*(./ ') % )"2$%&(& )( ") 9*)
&* )$" & & %& &%'&') ') &'& " &./ & (')(&3 ('& <4'&') ) '& "!
&$(3 ! &./ '& $&" *!
)1&
' " !&<&4
+ )"& )*! ) & &!& > > 3 A& ) 7N & )! %)$"
&6) '& *4
&./ & &! "% &!
) &%.;)(') 3 ! &./ * ') )'*%&./ )7 )( 9*) & & !& ' ( &5 ()('& $/ *! ) &
& $'& $/ " )$+& &"$6' )(() -&4! 7 +:* )(3 ! . $" ,! $ ()$"' '& &' ./ ') 45"%&(9*)
! -& & & ! )$'1&6) & 4$6 '& -'& >> 7 9*&"! &5 ()("$+& $5 -) ( $3)! ! )(& (
!
"*6*)()() " )! (') & ! )$'1&6) & 4$6 '& -'& S ! 0%&7 ":4&7 (4-:9*& ) *$6!& S
) -:! ( ' ( &5 ()( ' &4&!6& )$" & ! )()$"&-& * & )! %)$"&6) & ( )4
)-&'& ') )(( &(
)$- 4-'&() &%.;)(') )'*%&./ * 3 ! &./ S %&( '& )" ,$&7 ) G<4%& +)%&7 " *#$& )
@4 ,$& =P6*! & ?

= >> ?7 /+, $%& ' & 1 $%& - : :> + ?!," / * '( & 1 * !','**= "* - & *+,'**& /
*2 27 " /' " *@& 7 *$%&./ '& ((/ 7 = >> ? L[N P$&4
= >> ?7 &!,) +*0'*/& &!*') 5& *&@ ' &*!A <'" */' '( ' ?!," /&* '*+)
2 /&*17/" &*! '/+, $%& ' !
(
& 1 $%&7 ! *A)4&(7 N ) L ') & ') >> = [ ?7 [Q[ ^
>

Q
P6*!
& S !
)$'1&6) & 4$6 '& -'& = >> ?

27,6
24,6

9,4 10,1 9,1


7,2
6,3
4,8 5,2

UE25 UE15 Port. Esp. Irl. Din. Finl. Letónia Rep.


Checa

@)!%)$"
&6) '& *4
&./ &'*4
"& )$"
!) ( N ) (L &$ (9*) &!
"% & ) &%.;)(') )'*%&./ )
3 ! &./
P $")O

)(") ()$"' 7 &( )''&( ! (" &( $ # <" ' @4 &$ &% $&4') !)6 >>N >>[ (/
$("!* )$"( )(()$%& ( &! & &%)4
)!&! %* ! )$" ' ( <8 )%"- ( '& ("
!&"06& ')
!)$'1&6) & $6 '& B'& = B? ) ! )%* )!&! &"
!&( 9*) )A(" ) )$"
!) & !)&4'&')
!"*6*)(& ) & )*! ) & ) "
)! (') & ! )$'1&6) & 4$6 '& -'& 4 6*$(' (% $" !<*"('
@4
&$ &% $&4') !)6 >>N >>[ $)("& :!)& $%4
*) O

& % 4%&./ ') )"


&') ' ( 8-)$( ' )$($ ()%*$':! ) %*!
(( "
)%$ 4
,6% ( )
! 3 (( $& (R

& $)6 %&./ % ( &!%) ! (( %& (') % $'.;)(') -&<41&./ '& 3 ! &./ ' (&%"- (
) !
)6&' () )!
%*!( (') 3 ! &./ R

& <41&./ ') 6!


&$')( ) !
)(&( ) &(( %&.
;)( ) !
)(&!& ( &!
& & 3 ! &./ ' ( ()*(
&%"- (R

9*&'! 4%&!& &%"


*&4!
)') ') !
)% $+)% )$"7 -&4'&.
/ ) %)!
"3 %&./ ') % )"
2$%&(R

!
)'*1!& (&5
'& !
)% %) ' (("
) & )'*%&"- R

%!&!* (("
) & $"
)6!
&' ') $3 ! &./ ) !)$"
&./ )(% 4
&!R

)(" *4
&!& 9*&4'&') $& 3 ! &./ ) & '-)!
(3 %&./ '&( !
"*$'&')( ') & !
)$'1&6) 7
"!&$' &!"' '&($ -&(" )%$ 46&(') $3 ! &./ ) ') % *$%&./

("
&( )''&( (/ " & <0 !
"&$")( 3&%) C ! )&4'&') )A(" )$") ) ")! ( ') 3 ! &./
!3 (( $&4 7 ()$' & $'& *" ! )'*1' $G )! ') ) !)(&() ') "!&<&4
+&' !)(9*) &! "% &
) &%.;)(') 3 ! &./ % )(" : &")$") $& &<)4& N &" *!&4 )$") (/ &() !
)(&(') & !
' )$(/ 9*) ! )6("& * & & ! ! )()$.& $)((&( &%. ;)(7 &( )$"!) &( ) !)(&( &"
0 >
"!&<&4 +&' !)(7 & )$&( 7 \ )(" &-& )$- 4 -'&() &%.;)(') 3 ! &./ ! 3 (( $&4 4 "
!& &((&!
)(") '03 %) ! )9*)!* )$- 4 - )$" ') "' ( ( &! %) ! (( %& (7 $%4*$' &(6! &$')() !)(&(
) &( &(( %&.;)( ) !
)(&!& (7 $ ()$"' ') &* )$" &! ( $5-) ( ') &! "% &./ ' ( &%"- (
) !)6&' ( ) )!%*!( ( ') 3 ! &. / 4
&' '& 3)! "
&7 ) $ # <" '& $%&"-& E -&(
!"*$'&')(F 7 ! )"
)$') () &* )$" &! & 3)! "& ') 3 ! &. / !3 (( $&41&$" ) $&( !)')( '
$(" 0! '& '*%&./ ) ' $(" 0! ' ! &<&4+ ) 4'&!)'&') %&4) $& !
)') ') )!&' !)(
!-&' (

>
&<)4
& N S @&!
"% &./ ) &%.;)(') 3 ! &./ !3 (( $&4
"
1'!*%& 1- '* 4!B2 @ 8
:9 : :9 C ::9 C D :
@)!%)$"
&6) ') ) !
)(&(% EF
: 7 [7 L7 7N
&%.;)(') 3 ! &./ !3 (( $&4= ?

&A& ') &! "% &./ ' ( CF


E 7N 7 [7 [7
"!&<&4+&' !)() &%.;)(')
3 ! &./ !3 (( $&4= ?
=? ! )4
&"-& )$") & ""&4') ) !)(&(R'&' ( &!
& >> R
= ? '&' ( &! & >>
P $")O @^ =$9*0!" C A)%*./ '&( %.;)(') P ! &./ @!3 (( $&4S >> ) >> ?

& '&( 9*)(";)( )(()$%& ( &! & & 9*&43 %&./ ' )!
%&' ') " !&<&4+ 0 !
)% $+)% )$"7
-&4'&./ ) & %)! "3 %&./ ') % )"2$%&( 7 9*)! )4 ! )% $+)% )$" ) -&4'&./ '&(
% )"
2$%&(3 ! & () $/ 3 ! & (&'9*!'&(& 4$6 '& -'&7 9*)! )4 & !)$" &./ '&( )(( &(
&!& & 3 ! &./ % $" 5$*& )%4
&!&./ ') )$+&6& !)3)!) & $)%)(('&') ') * 9*&'!
)*! )* ') !)3)!2$%& ') ! )% $+)% )$" '&(% )"
2$%&() ') 9*&43 %&.;)(7 &!& &* )$"
&!&
<4'&') ' (" !&<&4
+&' ! )($ )( &. )*! )* ) ! -)!& 6*&4 '&') ') !
"*$'&')()$"!)
("!&<&4+&' !)(

& :!)& '&(% )"2$%&() )%$ 46&('& $3 ! &./ ) '& *$%&./ = ?7 & %)! "3 %&./ 0
* & $)% )(('&') 9*) () ') " !&'*1! $* & & (-&4& &! & & ( %'&'/ ( ) ")! ( ')
) !)6&<4'&')7 3 ! & ') *4 "
!& &((&!& $3 $%4 *(/ ) 3&%"! " )$%&' !'& ! '*"-'&')
)4
+ !& '&(% )"2$%&() <:(%&() &-&$. &'&(" ) ') ()!* & ! !'&') )*! ) & () &
*! & ! )")$') "! $&!() $ )( &. &(% )""- ) '$# % ' *$' 7 <&()&' $
% $+)% )$"N >> 7 @ !
"*6&4)! & &5('& N % )$ ! )!%)$"&6) ') )( )%&4(" &(
)!&$' $ ')()$- 4 - )$"7 &$*" )$./ ) "!&<&4+ ) !)')( ) ((") &( 7 % %)! %& ')
)"
&') ' ( -&4! )( '& *0%& ) '& 4
&$'& =P6*! & ? W7 ! (( 7 )((
)$%&4 &((3 %&! &
&9*(./ ') % )"2$%&() 7 9*)!&" !
&-0('& 3 ! &./ $%&49*)!'& % $" 5$*&7 "
)$' )
% $" & (&( )%"(46&' (C %)! "3 %&./ ') &% ! ' % !)$"&.;)(% *$" :!&($)(" & &" 0!&L
)-) "& <0 ()! $%)$"-&'& & $-)("6&./ ) )%$ 46&(') $3 ! &./ ) *$%&./ $&(
) !)(&(7 $(""*.;)(') )$($ ) 4 &< ! &",! (') $-)("6&./

P6*!
& ( )%&4("
&( ) \ ""
&4' !
)6 = N?

P $"
)O &$' *! ) = >>N?7 5' +--)
G !/ '1 !/&('9 H"
))*"
! + &-'7 $"
)! !()
&$' $'*("
!_7 *! )&$ (( $

',) $%& /&* " !"


*2&* + &-'+* /' /+, $%& ' & 1 $%& &, ," &! "*' / &1"**%& + &-'"7
)$+&6&7 Q ) >') -) <! ') >> = )3 !
. '& % )! &./ *! ) & ) )'*%&./ ) 3 ! &./ - %&% $& (?
N
$()4
+ *! )*') ("% 4 7 &!,) +*0'*/ '*"/?!,"F ) &! . ') >>
L
! " # $ % !"#" $
'03 %) ') "
0%$% (9*&43 %&' () & *%& ()$(<41&./ '&() !)(&( &! & *( ') ! )%*!
((
+* &$ ( & (9*&43 %&' (% $("" *) )$" !
&-)(C % )""-'&') '&() !
)(&() C $ -&./ ')
<&() " )%$ 4,6%& W *! 6)$"
) & 3 ! &./ ') %)$"("&( ) "0%$% ( 9*&43 %&' ( ) :!
)&( %+&-)7
%& &1)(') ! )3 !
.&!& %& &%'&') )("!
&"06%& '&() !)(&() " )! (') $ -&./ 3 ! &./
')(()(" 0%$% ( &((& "&$" )4 ! )3 !. ' )$($ " 0%$% ) ! 3 (( $&4% )4& )A &$(/ '&
3)!"& ,(( )%*$':!&7 )$- 4
-)$' &( $(""*.;)(' )$($ (* )! ! 7 $ )&'& )$" ) &"!&-0(' (
*! ( (') ( )%&41&./ )%$ 4 ,6%&

$5-)4' )$($ (* )! ! 7 @! "*6&4 "


) 7 % - ( &% &7 '&( " &A&( & ( <& A&( ')
' 4 &' ( '& *! &7 )4 9*) &* )$" &! &( 9*&43 %&.;)( &%&'0 %&( ) ! 3 (( $& ( ' (
!"*6*)()( % $"$*& & ()! * 3&%"! )(()$%&4'& $ ((& ')!$1&./ )% $, %&7 ( %&4)
")%$ 4,6%& 9*&43 %&./ $" )!
$&% $&4' $ (( )$($ (* )! !0 + 8 ) * & &" 0!& )(()$%&4
&!& ')()$- 4- )$" ' @&5 ( ) &!& & ) !)6&<4'&') ' ( $ (( (' 4 &' ( (" ) ')(&3
&((& !&(()6*! &!& " !&$(./ ') * ((" ) & ') )$($ <&()&' $& ') & '& " !&$( ((/ ')
% $+)% )$"( &! & * ((" ) & <&()&' $ ')()$- 4 - )$" ') % )"2$%&( (" & 0 * &
9*)("/ %! 5
"%& %)$" !&4) "'& & *! & ) % &!"%*4 &! )A !)((/ ) @!"
*6&47 '&' ( (
&4"5
(( ( -&4! )( ') ( &5
'& )(% 4 &! !)% %) ) $(*%)(( 9*) () -)!3 %& $ $ (( @&5 ( )(" )
()$"' 7 "! $& () )(()$%&4 ! -)!& 6*&4'&') ') !"
*$'&')($ &%)(( & )$($ (* )! ! 7
)4+! &$' ($5 -) (') 3! )9*2$%& ) % $%4*(/ ' (%*! ( ((* )! ! )(7 &"!& $' $ - ( G<4% (7
$* & 4 ,6%& ') & !)$'1&6) & 4$6 ') "'& & -'& ) )4 +! &$' & &%./ ( %&4)(% 4 &!

@! "
*6&4 " ) * & '&( & ( <& A&( " &A&( ') 8-)$( 6! &'*&' ( ) %2$%& ) " )%$ 46&7
(*<(" &$%&4 )$" ) &<& A '& 0'& $/ *! ) & & N ) '& -1$+& ( &$+&7 $') $G )!
!)4&"- ') 8-)$(6! &'*&' () %2$%& ) " )%$ 46& 0 L>\ (* )! ! @ ! "*6&4 3)!)%) & $'& * &
<& A& )! %)$"
&6) ') " !
&<&4+&' !)(&3)%"(C(&%"-'&')(') & ! $" )$('&') ")%$ 4 ,6%&7 %
)$ (') )" &') '& 0'& '& $/ *! ) & & N7 % & $" & & P6*!& N )$' ! )% $+)%'
9*) $-)(" )$" ) %2$%& ) " )%$ 46& 0 * & '&( ! 0 % $'.;)( &! && ! ./ '& $ -&./
) ' % $+)% )$" $& )% $ &7 & )(%&(()1') ! )%*!
( (+* &$ (9*&43 %&' ($)(" &(:! )&(0 *
' (')(&3 (9*) @ ! "
*6&4") ') )$3! )$"&!) ( 4*% $&! (( 7 "! $& () )(()$%&4& %!&./ ')
)%&$( (') )(" 5 *4 C ! %*! & $&(:! )&(') %2$%& ) " )%$ 46&7 <) % * & ! )( ("&
& ()3 %&1C($)%)(('&')(' )!%&' ) '&() !)(&(7 $ ()$"' ') *4 "
!& &((&! '03 %) ')
)("*'&$" )($)("&(:! )&(

P6*!
& N !
)6 ) $"
)$('&') "
)%$ 4
,6%&

14

12

10

0
UE15 EU25 Port. Esp. Rep. Checa Hungria

Novos licenciados em C&T Emprego ind. alta tecn. Emprego serviços alta tecn.

P $"
)O >> *! )&$ $$ -&" $ % !
)< &!
'

) &% !
' % &'( ) *+ ,! # -7 $* % $8 *$" ') L> &5()() ! )6;)(
% $(')! &'&(7 @ !"*6&4 )$% $" !
& () $& ` (./ $ 9*) ! )( ) "& C '( $<4'&') ')
)$6)$+) ! (9*&43 %&' ( $ )!%&' ') "!&<&4
+ & $" &' $ %& 5 "*4 $%&4 7 ((") &
)'*%&"- ') $("!& * & <& A& !)$" &./ &!
& & %2$%& ) &! & & ! .
/ ') ! :"%&(
) !
))$')' !&( &<)$' 9*) & )! %)$"&6) ') $ - ( 4%)$%&' ( ) %2$%& ) ")%$ 46& 0
<& A& ) " )! ( ! )4
&"- (7 & 3 ! &./ ' (9*&'! ( ') 9*) )!%&' ! )%(& ')! : ') !&!

+ !""% & '


-:! ( &$ ( @&! & *4"!& &((&! )("
) !<4 ) &7 (/ ') )$% !&8&! &( 4 5
"%&( ') %& "
&./ ')
!3 (( $& (9*&43 %&' (7 -(&$' ' "&!& )% $ & ') * & <&() ') !)%*!
( (+* &$ (') )4)-&'&
9*&43 %&./ ) ") G"4

)(") ()$"' 7 0 *! 6)$" ) * & )4+ ! &! "%*4


&./ )$" !) ((" ) & )'*%&"- ) ') 3 ! &./ 7
-(&$' * & ! )( (" & & ()3 %&1C(! )& ($)%)(('&')(' )!%&' ) '&() !
)(&( W)(()$%&4&
3 ! &./ ') )! 3 ( ! 3 (( $& ( ') <&$'& 4 &!6&7 % * % $8 *$" &4&!
6&' ') % )"2$%&(
%+&-) &! & & ( %)'&') ' % $+)% )$"7 $') (/ )(()$%& ( &( % )"2$%&( & $5 -)4'&(
!)4&.;)( ( %& ( ) $" )! )( ( & ( ) &( % & &%'&')( ') E & !)$')! & & !)$')!F7 )(()$%& ( &! &
)(" *4 &! 6 ( " )4 && ! )$'1&6) ) 3 ! &./ & 4$6 '& -'& &* )$" '&(9*&43 %&.;)(&
$5-)4'&( &" ) :"%&() )$6)$+&!&(7 %2$%& ) " )%$ 4,6%&7 ")%$ 46&('& $3 ! &./ ) 4 5
$6*&(0
6*&4 )$" ) -"&4 &! & * )!%&' ') " !&<&4+ & (% )""- ) )A6)$" ) (( 7 ')-) ()!
4&$.&'&( )''&(9*) )! " & 3&%4" &!& $()! ./ ') 8-)$(9*&43 %&' () :! )&( " )$%&' !&(
') *'&$. & ) ')()$- 4- )$" ! 6&$1&% $&4$&( )9*)$&() 0'&() !
)(&(7 & $ -&./ ) &
% )""-'&') $&() !)(&(

@&! & * ((" ) & )'*%&"- 9*) 3 ! ) 9*&'! ( 9*&43 %&' ( ) ! ) &!&' ( &!& * & ( %)'&')
<&()&'& $ % $+)% )$"7 "! $& () )(()$%&4& ! )3 ! & ' )$($ (* )! ! ') &% ! ' %
! %)(( )*! )* ') 4$+&7 ()$' * & !"
*$'&') &! & $%)$"-&!& 3!)9*2$%& ' )$($
(* )! ! 7 )4+! &!& 9*&4'&') ) & ! )4)-#$%& '&(3 ! &.;)( 3)!)%'&() 3 )$"&!& <4'&')
') )(" *'&$")(7 $-)("6&' ! )() ' %)$" )( P*$'& )$" &4
7 "
& <0 7 0 & ! ./ '& 9*&4'&') $
((" ) & ') )$($ (* )! ! 7 -&4!1&$' & $)%)(('&') ') &%" *&! &!& G<4% ('-)! (3 %&' (7
9*) ! )9*)! & )(" !*"*!
&./ ') * (("
) & ') 6&! &$"& ') 9*&4'&') ! )% $+)%'
$")!$&% $&4 )$" )7 ')()$- 4-)$' &%"*&4 ')4 ') &-&4&./ ) 3 $&$%& )$"

) !))$')' !( )$% $"!& ()7 & &! '& $ -&./ ) '& % )""-'&')7 $ %)$" ! '&(
!) %* &.;)( <! &$6) & %!&./ ') $)6,% ($ - () ')()$- 4 - )$" ') $ -&( !
"*$'&')(
') $)6,% &" !&-0( ') ! 6&$1&.;)( 8 : )A("
)$")( @ ') ')3 $!() ) !
))$')' !( % &
E"
)$" &"-& ') %!&./ ') * $ - $)6,% * $ -& $%&"-&7 " &4% &*" ) !)6 7 * & $ -&
!6&$1&./ ) !)(&!&4 * & )A &$( / ') * $)6,% )A(" )$")7 !* $'-5 '* 7 )9* & ')
$'-5 '* ( * $)6,% ( )(" &<)4)%' (F[ )6*$' -! B)! ') &! & (5!" !)(&!&4$&
*! &Q7 ) !))$')' !( )(": 46&' & &""*')( )$" & ( 9*) )$64<& 3&%"!)( '-)! ( (7
% & "-&./ * & %& &%'&') ') * $'-5
'* =( 4 &' * $/ ?7 &! & ')$"3 %&! * &
!"
*$'&') ) &! & & % $%! )"1&! $ ()$"' ') ! '*1! * $ - -&4! * * ! )(*4
"&'
)% $, % . )6*$' & >
7 ) !
))$')' !( % $"!<* &! & %!)(% )$" )% $, % 7
'&' ()!* -)5 %*4 &! & & $ -&./ ) & *'&$.&7 3&- !)%)$' & '3*(/ ' % $+)% )$" = P6*!&
L?

P6*!
& L S &A& ') !
)(% )$" ' @ %) &A& ') &(% )$" ') !
)(&() @!
"*6&4

P $"
)O

[
= >> ?7 *2+/& /' < )
"$%& /& -&2
'!,")'1- ''!/'/& '1 & 2 + )'1 :: 7 )4
&",! @!
"*6&4
Q
= >> ?7 "
< & ' /'- & *-A"2& 1- '* ")! + &- 7 = >> ? 3 $&4
>
= >> ?7 7 ^ = >> ?
* & )% $ & <&()&'& $ % $+)% )$" & %& &%'&') ') ) !))$')!&((* ) * & )4& $'&
& ! 7 '&' ()!* ' (&( )%"()(()$%& ( &! & & "!&$(3 ! &./ ' % $+)% )$" ) &4 6 9*)
6)!& -&4! @&! " ) '& '3 %*4'&') $)(") ! %)(( " ) & -)!% 3&%" ') &( )(( &(9*) ')" 2
% $+)% )$" ')!) * $/ " )! & %& &%'&') ) !))$')' ! & ) -%) -)!(& )(") ()$"' 7
)("*' ( ! )%)$")( ') $("! & 9*) )A(" ) * & ! )4&./ )$" !
) ) !))$')' !( &9* )''
)4& "&A& ') %!&./ ') $ -&() !)(&( ) %! )(% )$" )% $, % 7 % &%" ("- &
$5-)4' ) !
)6 7 ! '*"-'&') ) $ -&./ ) 3&%"7 () 4 +&! ( &! & @! "
*6&4$ (&$ ( & (
!)%)$" )(7 % $("&"& (9*) )A(" ) * & 3 ! "
) %! !)4&./ )$" !
) )((&('*&(-&!:-) ( (" & !
)4&./
)(": 6*&4 )$" ) ! )()$" ) () "-)! ( ) % $(')! &./ % $" )A" $" )!$&% $&4 5 ') (
-)!3 %&!9*) & (./ ! )4&"-& ') @ !"*6&4!)9*)!* & ! )( (" &

P6*!
& L S &A& ') !
)(% )$" ' @ %) & &A& ') &(% )$" ') !
)(&(O &!
&./ $"
)!$&% $&4

P $"
)O )

@! "*6&43 ()6*$' &5 ('& N% )$ !"&A& ') %!)(% )$" ' @ ! !)$" !
) >>>
) >>N7 9*) & $" & &! & * &3&("& )$" ) ! )4&./ C 0'& ') ! )$' )$" '& $/ *! ) &
@&!& &"$6!& 0'& )*! ) & ) N &$ (7 ()6*$' &! J&!= >>N?7 @ !"*6&4")!& 9*) %!)(%)!&
* &" &A& 0'& &$*&4') 7 \ )7 &! & &"$6!)((& 0'&7 & " &A& ') %!&./ ') ) !)(&(")!& ')
()!') %)! %& ') \7 % &!
&'& % -&4!&%" *&4') L\ = P6*!& ? )("
& 3 ! &7 &( 4 5"%&(
') )(" 5 *4 & ) !))$')' !( ("!& () 3*$'& )$" & ( &!& &* )$" ' %! )(% )$"
)% $, % 7 '& % )""-'&') ) ' ) !)6

A(") -:! ( 3&%"! )( 9*) ')" )! $& ) $34 *)$%& $5


-)4') ) !))$')' !( O & (
3 $&$%) ! (7 4
5"%&() ! 6! & &(6 -)! $& )$" & (7 $3!
& )("
!*"*!&(') & 7 ((") & ') )'*%&./
) ') 3 ! &./ 7 $ ! &() -&4! )(%*4" *!
& () ( %& (7 )"% @! "
*6&47 ) & )(&!'& <& A& " &A& ')
%!&./ ') $ -&( ) !
)(&(7 * $9*0!" ' *! <&! , )"! $'%& 9*) L \ ' ( ! "*6*)()(
6 ("&!& ') " )!* $)6,% !% $"& ! , !&7 -&4!&% & '& 0'& )*! ) & = N\? ) ' ( (" &' (
$' (= L \? *()8&7 -)!3 %& () * ')(3&(& )$" )$" !)&E - $"&')F') ) !))$')!) ($5 -) (
') ) !
))$')' !( 9*) () ! )6("& ) @! "*6&4 ')(3&(& )$" ')-) ()7 ()6*$' !)4&",!
'& 7 & ( $(*3 %)$")( )%&$( ( ') 3 $&$%& )$"7 C( $ ! &( %*4 "*!& ( ) & '03 %) )
")! ( ') +&<4" &.;)( ) ') 9*&43 %&.;)( (" & G4 " & 9*)("/ 0 *" !"&$"
) 8: 9*) &
)'*%&./ 0 * 3&%"!)(()$%&4 &! & ')()$- 4 - )$" '&(%& &%'&')( )(( & ( ) ' )( 5 !"
) !))$')' !

B)! &!J&!
7 * ' = >>N?7 1- ''!/'/& "
*1&'1 & 2 + )7 @
= >> ?7 *2
+/& /' < )
"$%&/& -&2'!,")'1- ''!/'/& '1 & 2
+ )'1 :: 7 )4
&",! @!
"*6&4
.'1-)&* !2
' ! ,"
&! "
*/' !"
,"2
"< */' -&"
& & 1- ''!/'/& "
*1& !& "
*2'1 /'
!*"
!&

I+!" & ,5" '<'1'!2


!6&$1&./ a *$ ! %+)-) )$" 7 () 3 $(4*%!
&"- (7 )(": !)()$")) & (') > &5 ()(& $5-)4
*$'&4 ) " ) * & 4&!6& )A )!2$%& $& 4) )$" &./ ') ! 6!
& &( ') )(" 5 *4 &
) ! ))$')' !( $ ((") & ') )$($ 7 ')(') <:(% &" 0 & ()%*$':! %&'& &5 (7 &
! 6&$1&./ 3*$% $& % <&() $ - 4 *$"&!&' '& ( %)'&') %-4 7% & '&(6! &$')() !)(&(
$&% $& ( ) *4"$&% $& ( ) 6!&$') 46&./ & ((" ) & ') )$($ ( &$+&7 & a *$ !
%+)-) )$"= 9*) 3 3*$'&'& $ ( ) Q Q? $% * & (*& &%"-'&') ) >> 7 &<!&$6)$' 8 :
& (') >>> 4&4 *$ () > !6! & &()'*%&"- (7 % & ') ) !)(&(% & %! ( 3" 7
&$" &$')!7 )4)3,$%&7 "6!* *& @

& 1 > !$
!6! & & 0 4
) )$" &' &"!&-0(' (') &! "& )$"(') &! J)"$6) 6)("/ ' ( $(""*"(
*$-)! (":! ( ') ")%$ 46&7 -(&$' ! -)! )( 5 !" ) !
)(&!&48 *$" ' ( )("*'&$")( '
)$($ (* )! ! ()(" *'&$")(" 2 * & )4&%"- $& %!&./ ) ')()$- 4- )$" ') * & ) !)(&7
& &$' () !)(:! (& & 4%&! (()*( 4 &$ (') &%"-'&')(') ) !)(& "41&$' %&( (! )& (7
0 )("&<)4
)%'& * & &! %)!& 9*) &<!&$6) ! 3 (( $& (=% $(*4
"!)() % $"&<4("
&(? ) !
) !)()$"
&$" )(
') !)')(') %!&./ ') ) !
)(&(9*) )!& & $5-)44%&4 () !
)(:! (3 !$)%) (%&( () (
&!%) !(& & ()("*'&$")($ ')%*! ( ' ! 6! & &

)6*$' & ((/ 7 (("


) & )'*% &"- ')-) % $" !<*! &! & )(" *4 &! * & %*4 "*!
& ')
) !
))$')' !( 8*$" ' ( & (8-)$(7 $/ (, $ )$($ (* )! !% "& <0 $ <:(% )
()%*$':! 7 % $"!<*$' & 0' ) 4$6 ! &1 &! & ) !
)6 7 %! )(% )$"7 & % )""-'&')
) & $ -&./ $5-)4' )$($ (* )! ! 7 &( $("" *.;)( ')-) ")!* & )4 !"&$") $&
$"! '*./ ') '(% 4$&(') )(" 5 *4 & ) !
))$')' !( $ (()*(%*! ( (7 <) % $ &
C % !&./ ') " ) C %4 &< !
&./ ' ( ()*( $-)("6&' ! )( ) ' %)$" )( % "
)%'
) !
)(&!&47 ()$' )(()$%&4* & )4+ ! &! "%*4&./ )$" !
) ((") & ') )$($ ) "
)%'
) !
)(&!&4 $5
-)4' )$($ <:(% ) ()%*$':! 7 ) ') &% ! ' % & ((/ *! ) & 7
')-) ()! &' " &'&( )''&( % $%! )"
&( ') & & ) !))$')' !( 7 9*)! &" !&-0( ')
$%&"-&( G<4%&(9*)!&" !&-0(') &! %)!&()$" !) !-&' ) G<4% 7 % (/ )A) 4 &(
$%&"-&('& ( %)'&') %-4) ') ! )')( $")!$&% $& (+: *" 4) )$" &'&() -:! ( &5 ()(
("
&( )''&( ')-) 3&%4"&!& &9*(./ ') % )"
2$%&( &! & !)( 4
-)! ! <4 ) &( ') 3 ! &
$') )$')$" )7 "!&<&4+ ) )9* &7 & %*! ('&') ) & & ! )$'1&6) % $" 5
$*&

((/ *! ) &7 &,+1'!2 & /' @) 5& ( ) * '


+ - 7 !
*A)4
&(7 > >>N7 = >>N? Q
, ( ',&!/ G
'/+, 2
"&!7 P$&4!
) !
"3"
+) A )!
" !* 7 &!
%+ >> 7 *! )&$ (( $

N
!

"
#$%&'()$*&+,% -) #
)+&./
.0,
% 1 . 2$.+)''. 2)/. 34%/45% # )+&./.0,
% )6,
'# )&#) 1 %2/,
+%-% % 45%
&.7%4# ,/,
8%9:. .4%45 &.7. 4# ,
/,
8%-.$ '# %-)( ,
&,9:. #
)5 '4;<%+)&#). (%+#. -%# $%&'()$
*&+,%-)
#)+&./.0,% %'')&#%$ 34%') )6+/
4',7%5)&# ) &% ;%') # )+&./
=0,+% <> )6,'#)&#)? 2$.5.7)&-. .
%45)&# . -%, &#)&',
-%-)-%'4%4# ,/,
8%9:.?5%, ' -. 34)%)62%&':. -%;%')%# $%71' -)45 )'( .$
9.
-), &7)'#,
0%9:. )-)')&7./7,
5)&# . @A B

#$%&'()$*&+,%-)# )+&./.0,%2.-).+.$ $)$)&# $)34%/34)$)&# ,


-%-)34)-)# )&C%45 +.&C)+, 5)&# .
+,
)&# D(
,+. .4 #)+&./=0,+. )'2)+D(
,+. ) 34%/34)$.4# $
% 34) # )&C% ,&#)$)'') )5 .;#)$. -,$),#. %
4#,/
,8%$ )'') +.&C)+, 5)&# . ''% #$%&'()$*&+,
% 2.-) .+.$ $)$ -) 45% , &'#,
#4,
9:. -. ','#)5%
+,
)&# D(
,+. )#)+&./=0,+. &%+,.&%/@ B2%$ %%' )52$ )'%'?)&#$)-,()$)&#)' )52$)'%'?.4 %#$
%71'
-) 45 2$ .<)+#. -) ,&7)'#,0%9:. )5 2%$ +)$,%,&'#,
#4D-. 2%$% +$,
%$ 45% &.7% # )+&./.0,
% !"
#$%& !'() *"+, '-$. " )+, "!'*) )+, " ) %, /
0"/ ,) ! /
%) *" %, )#" )1 /! ) 21 )+, " $
!,$3 4 ",53#/$*"! "#3)( )6/$*$ / 3! /
!'/-7" *) %$,$$ "0%, "$

5% )(,
+%8 #$
%&'()$
*&+,
% -. +.&C)+,
5)&#
. 1 +$4+,
%/2%$
% )'#,54/%$. ,&7)'#,5)&#. )5 A ) .
'#
%-. #)5 45 2%2)/%-)')52)&C%$&%-)(,&,
9:. -)2./D
#,
+%' 2E;/,
+%' ) &% +$
,%9:. -) +
.&-,
9F)'
34)(%+,
/,
#)5 )''%#$
%&'(
)$*&+,
%-)+.&C)+,5)&#.

)'#) +.&# )6#.? 7%/) % 2)&% $ )()$,$ . +%'. -.' '# %-.' &, -.'? $ )()$*&+, % 2)/% -,5)&':. )
,&#)&',-%-) -%' $ )/%9F)' )&# $) .' 2$ .-4# .$)' -) +.&C)+, 5)&# . ) %' )52$ )'%' 4#,/
,8%-.$%' #1
!G" %' 4&, 7)$',-%-)' &.$ #) %5)$ ,
+%&%' .;# ,
&C%5 5)&.' -) " 2%# )&#)' 2.$ %&. ) %'
-)'+.;)$ #%' 34) / C)' )'# %7%5 %''.+, %-%' )$ %5 $ %$%5)&# ) +.5)$ +,%/,8%-%' 2%$ % ;)&)( D+,. -%
'.+,)-%-) 5 !!!?# ,
7)$ %5 / 40%$5%, ' -) !"" &.7.' / ,+)&+, %5)&# .' 2)/ %' 4&,7)$',-%-)) )'# )
)6#$%.$-, &>$ ,
. +$)'+,5)&# . ')04, 4 ') H 24;/ ,
+%9:. -. I %JC ./ ) +# K)5 !G"?. 34) 2$ .7.+.4
45%%/ #)$ %9:. $%-,+%/&%)'# $%#10,%-)-, (4':. -. + .&C)+,5)&# . ')04,-%2.$54, #
%' 4&,7)$',-%-)'
/
)0,'/%9:. , &#$.-48, -% 2)/ .' )&%-.$ )' , $ +C %JC ) .;)$ # ./ ) 2)$ 5, #,
4 H' 4&,7)$',-%-)'?
,&'#,
#4#.' -) , &7)'# ,
0%9:. )2)34)&%' )52$ )'%' -)# )$%2$ .2$,)-%-))2%# )&# )%$&.7%' ,&7)&9F)'
-)')&7./ 7, -%' +.5 . %46D /
,. -) ( 4&-.' ( )-)$ %,' .,%'', 5 , &#$.-48, -. 45 , &+)&# ,
7. 2%$ % %'
4&,7)$',-%-)' 2$ .5.7)$ )5 %' '4%' , &.7%9 F)' &. 5)$ +%-. ) 2%$ % %' )52$ )'%' ( %8)$)5
,&7)'#,
5)&# .' -)$ ,'+. ;%')%-.' )5 &.7%' >$ )%' -)+.&C)+, 5)&# . '4+)''. &%# $%&'()$*&+,%-)
#)+&./.0, % -%' 4&, 7)$',-%-)' 2%$ % %' )52$ )'%' ) .' ;)&)( D+,
.' $ )'4/ #%&# )' 2%$% % )+.&.5, %
,&(/
4)&+, %$ %5 .4# $.' 2%D')' %, &,+,%$%/ #)$%9 F)' '4;'# %&+,%,' &. 5)'5. ')&# ,-.

> %,&-% 34) 2)'%$%/ 04&' %$ 045)&# .' 5)&.' ( %7.$>7),' % )'#% 34)'# :. 34) ') 2$ )&-)5 +.5 %
)6,'#*&+, % -) )(),#
.' 2.# )&+,%/
5)&# ) &)0%#,7.' 2%$ %%, &7)'#,0%9:. +.&-48, -% &%' 4&, 7)$',
-%-)'?
+.&( .$5) %2.&# %-. 2.$ .L)$ J ) %52%#@ "" B / 04&' %4# .$)'?+ .5. )&-)$ '.& @ !GGB
%$045)&# %5 34) .' , &+)&# ,
7.' H +.5)$ +,%/
,8%9:. -%' -)'+.;)$ #%' 2.-)5 $ )'4/#%$ &45%
$).$ ,
)&# %9:. -% ,&7)'#,0%9:. ;>',+% 2%$%%, &7)'# ,
0%9:. %2/,
+%-%?%2)'%$-) &:. )6, '#,$)7,
-*&+,%
34) )''% $ ).$,)&#%9:. # )&C% )( )+#,
7%5)&# ) .+.$ $
,-. &%' 4&, 7)$',-%-)' %5)$ ,+%&%' 4#$
.'
%4# .$)'? + .5. %'042#% ) %7, - @ !! B ) , );)'M,&- @ "" B ? 5)&+, .&%5 %, &-% 45 .4# $
.
2.# )&+,%/ )(),#. &)0%# ,
7. $ )'4/#%&#
) -) 45 %45)&# . -% %+# ,7,-%-) -) 2%# )&# )%5)&# . )
/,
+)&+, %5)&# . -%' 4&, 7)$ ',
-%-)'N )/% 2.-) )&( $ %34)+)$ . +.52$ .5, ''. -.' , &7)'# ,
0%-.$)' &%'
4&,7)$ ',-%-)' 2%$ %+.5 %&.9:. -)I +,*&+,
%%;)$ #%K?/)7%&-. %%# $%'.' &%-, 74/0%9:. )24;/ ,
+%9:.
-.' $ )'4/#%-.' .;# ,
-.'?. 34) 2.-)$ >$ )'4/#%$)5 5)&.' 2)'34, '% '4;')34)&# ) ) 2O$)5 +%4'%
4/#)$,.$)' -)')&7./ 7,
5)&# . -) 2$.-4#.'?+.&( .$5) %2.&# %-. 2.$ )/ /)$) , ')&;)$0 @ !!GB) 2.$
)$0)' ) )/ '.& @ !! B , &-% 34) )'# )' %'2)+# .' &:. -)7%5 -), 6%$ -) ')$ # .5%-.' )5
+.&', -)$%9:.?1, 52.$ #
%&# )# %5;15 $ )#)$34)&:. )6, '#)34%/ 34)$# ,2. -))7, -*&+,%34). I %JC

)(
,&,
9:. -) )%& P)#
)$'?8 )+C&./
.0J $
%&'(
)$Q -,
#.$
,%/
K?R)/
-,&0 )',
0&A %;$
,+%#
,.&? .7 """
' 4&,7)$
',-%-)' 2%''%$%5 % 2.-)$')$2$ .2$,)#
>$,%' -) ,&7)&9F)' -)')&7./7,-%' )5 2$.0$%5%' (
,&%&+,
%-.' +.5
(4&-.' ()-)$%,
'? % +./%;.$%9:. +.5 %' )52$ )'%' (.,)&+.$ %<%-% @2%$% % 2$ .5.9:. -%' '4%' ,&7)&9F)'B
? ) %'
4&,7)$',
-%-)' -)7)$ ,
%5 -%$ 2$ )()$*&+,
% &. /,
+)&+,%5)&# . % 2)34)&%' )52$ )'%' .;#)&9:. -) 2%#)&#
)' )$%
)&+.$%<%-% .7)$&. $)#
,&C%-,$),#
.' -)/,
+)&+,
%5)&# . &:. )6+/4',
7.' -%' 2%#
)&#)' %&D7)/54&-,%/
./
) +# K#)&C% #
,-. )(
),#
.' &)0%#,7.' ',
0&,
(,
+%#
,7.' &% ,
&7)'#,
0%9:. +.&-48,
-% &%' 4&,
7)$
',-%-)'
%5)$,
+%&%'?&%#$%&'()$
*&+,%-)# )+&./.0,
%.4&%, &.7%9:. &.' '#%-.' &,-.'

#)+&./.0,% 1?%(,
&%/?. + .&<4&# . -) +.&C)+,
5)&# .' 34) 2)$5, #
)5 +.&+ );)$) 2$ .-48,$&.7.'
2$.-4#.' .4 &.7.' ')$7,9
.' '') +.&C)+,5)&#. )6,'#) &%' ,
&'#,
#4, 9F)' 34) ,&#
)0$%5 . ','#)5%
+,
)&# D
(,
+. )#)+&./=0,
+. &%+,.&%/@ B))'# >)5 + .&'#%&#))7./49:. %# $%71' -)&.7.' 2$.<)+#
.'
-) ,&7)'#,
0%9:. . )&#%&#.?-) 2.4+ . ')$
7) &.7. +.&C)+, 5)&#. ) &.7%' -)'+.;)$ #%'?') )'#
)'
&:. (.$)5 #$%&'5,#,
-.' 2%$% . ')+# .$2$.-4#,
7.?.&-) 2.-)5 ')$%2/ ,
+%-.' &% .;#
)&9:. -) 45%
2$.-49:. 5%,' )/
)7%-%)5%, ' )(,+,)&#
)?+.5 .' $)+4$'.' -,
'2.&D7),'

. 2$.+)''. 2)/ . 34%/. +.&C)+, 5)&# . )6,'#


)&#) &%' ,&'#,
#4,9F)' -. ') #
$%&'5, #
) 2%$ %.
')+#.$-%2$ .-49:. -);)&' .4')$ 7,9.' +C%5%5.' I #$
%&'( )$
*&+, %-)+.&C)+, 5)&# .K P.-)-, 8)$')
34)%# $%&'()$*&+,%-)# )+&./.0,
%1. 2$ .+)''. -)-)')&7./ 7,5)&# . -)%2/ ,+%9F)' 2$>#
,+%' %2%$ #,
$
-.' $)'4/#%-.' -% ,&7)'#,0%9:. +,
)&# D
(,
+% ' &.7%' # )+&./.0,%' ':. )&# :. 4# ,
/,
8%-%' 2)/%,&-E'#$,%
2%$% 2$.-48, $ &.7.' 2$ .-4#.'?-)')&7./ 7)$ &.7.' 2$.+)''.' .4 ', '#
)5%' -) 2$ .-49:. 4,#%'
)52$ )'%'? 4&, 7)$',-%-)' ) .$ 0%&,8%9F)' 0.7)$ &%5)&# %,' .$ 0%&,8%$%5 0%;, &)#)' .4
-)2%$#%5)&# .' -)-,+%-.' H ,
-)&#,(
,+%9:. -.' $)'4/#
%-.' -% ,&7)'#,0%9:. +.5 , &#
)$)'') +.5)$ +,
%/?
&%;4'+%-%5)/ C.$( .$5%-).' )62/ .$%$+.5)$ +,
%/5)&# )

,
5%0)5 -%' , &'#,
#4,9F)' -. )&34%&# . -)# )&#.$%' -) +.&C)+, 5)&# . 1( .$#)?5%' , &'2,$%
54, #. 5)&.$ +.&( ,
%&9 % 34%&# . H '4% +.&', '#*&+,% ) 2$ )7,
',;,/
,-%-) +.5. -, (4'.$%' -)
+.&C)+, 5)&# . > -,(
,+4/-%-)' %''.+, %-%' H' -, ()$)&9%' )6, '#)&#)' )&# $) %' +C%5%-%' I +4/#4$%
+,)&#D(,
+%K ) I +4/#
4$% )52$ )'%$ ,
%/KN %' %# ,#
4-)' ':. -, '#
,&#%'? % +.54&, +%9:. -,(D+,
/? .' $ ,
#5.'
-,()$)&# )' ' )52$ )'%' 2$ .+4$%5 5%6, 5, 8%$ . ')4 7%/ .$ &. 5)$ +%-. )&( $)&# %&-. 45%
+.&+.$ $*&+, %, &#
)$&%+,.&%/+$ )'+)&#) ) 45% 5%, .$+.52/ )6,-%-)-.' 2$ .-4# .' P%$ %%' )52$ )'%'?
%' 34%/ ,-%-)' -)+ .&','#*&+,%)-)2$ )7, ',
;,/,
-%-)':. )'')&+, %,' 2%$%%$ )-49:. -.' $ ,'+.' -%'4%
%+#,7,-%-) ) -.' ')4' , &7)'# ,5)&#.' ' -,(,
+4/-%-)' &. )'# %;)/)+,
5)&# . -) 2%$ +)$,%' )&# $) .'
%+%-15, +.' ) % , &-E'# $,
% -)7)5 ') 54, #
%' 7)8)' H # )&-*&+, % -) .' %+ %-15, +.' '.;$ ) .4
'4;%7%/ ,%$ )5 . 7%/.$+.5)$ +,%/-% 2$ .2$ ,
)-%-) , &#)/)+#4%/34) 0)$ %$%5 '# % -,(,
+4/-%-) -)7) ')
)5 0$ %&-) 2%$ #
) %. -)'+.&C)+, 5)&# . -. 5)$ +%-. 2)/ .' %+%-15, +.' . )&# %&#.? #.-.' .'
)&7./ 7,-.' &. 2$ .+)''. -) , &.7%9:. # *5 +.&'+, *&+,% -) 34) &:. ')$ > 2.''D 7)/+.&'# $
4,$ 45%
'.+,)-%-)-. +.&C)+, 5)&# . ')5 $ )+.$$ )$H5%, ', 52.$ #%&#)(.&# )-)+.&C)+, 5)&# .?%' ,&'#,#4,9F)'
-. ?&)5 ')5 . -)')&7./ 7,5)&# . %-)34%-. -% +%2%+, -%-) -) 4'%$)'') +.&C)+, 5)&# . -)
(.$5%E# ,
/2%$ %%'.+, )-%-))5 0)$ %/ :. +$ 4+,%,' %' 2.&#)' )&# $)%' -4%' I +4/#
4$%'K

2$.+ )''. -) #$%&'()$*&+,% -) #)+&./.0,% 1 ;%'#%&#


) +.52/ )6. S4%&-. 45% &.7% # )+&./.0,%
)5)$ 0)-. 2$ .+)''. -)0)$ %9:. -)+.&C)+, 5)&#.?54,#.' 2%''.' #*5 34)')$-%-.' %#1')# .$&%$
+.5)$ +,%/
,8>7)/N -)')&7./7)$ % #)+&./.0,%?+$ ,
%$ 2$.#
=#,2.'?# )'#
%$ % '4% %2/
,+%9:. )5 0$ %&-)
)'+%/%?)# + % +$ ,
%9:. %#1 %. 5.5)&# . )5 34) 45% .4 5%, ' )52$)'%' #
.5)5 +.&C)+, 5)&# .
-)''% &.7% # )+&./.0,% ) % %2$)+,
)5 + .5. , &.7%-.$% ) E#,
/%. &)0=+,.?C> 45 / .&0. +
%5, &C. %
2)$+.$$)$

45% (.$
5% )'34)5># ,+%?2.-) -, 8)$') 34) % # $%&'()$ *&+,% -) #)+&./ .0,
% )&0/ .;% #$
*' 2%''.'
(4&-%5)&#%,'N. -% ,&7)&9:.?. -% # $%&',9:. ) . -. -)')&7./ 7,5)&# . @, 04$% B 2$,
5), $.
2%''.?. -% ,&7)&9:.?-, 8$)'2),#. %. -)')&7./ 7,
5)&# . -) ,&7)'# ,
0%9:. &. -)+.$ $)$-% 34%/')
2$.-48 % I-)'+.;)$#%K
? 34) 2.-) ')$ 2$ .#)0,
-% 2.$ 5)+%&, '5.' -) $ )0,'#. -) 2$.2$ ,
)-%-)
,&#)/
)+#
4%/+.5. %' 2%# )&#)' %/$ )0,'#. 2)$5,#) 2$.#)0)$.' -, $
),#.' -. %4# .$-% -)'+.;)$ #%
')04&-. 2%''.?. -) #$%&',9:.?-, 8$ )'2),#. H#$%&'()$ *&+,
% -.' -, $),#.' -% )&# ,
-%-) 34) ( )8 %
-)'+.;)$#
%2%$ %%)52$ )'%.4.$ 0%&,8%9:. 34).' , $
>)62/ .$%$+.5)$ +,
%/5)&# ) ''%# $%&'()$*&+,%
2.-) %''45, $#$*' 5.-%/,-%-)' 2$,5), $
%1. / ,
+)&+, %5)&# . -. $ )0,'#.? ')04&-. . 34%/.
-)#)&#.$-.' -,$),
#.' -)%4# .$2)$ 5,#)%.4# $
)5?2.$)6)52/ . 45%)52$ )'%< >)6, '#)&#)?4# ,
/,
8%$%
-)'+.;)$#%-4$ %&#)45 -)# )$5, &%-. 2)$D.-.?%# $.+. -)45%+ .52)&'%9:. +.5. . 2%0%5)&# . -)
'#% 5.-%/,-%-) &:. , 52/ ,
+% % +)-*&+, % -) -,
$),#.' 2)/. -)#)&#.$-. $ )0,'#.?34) 2.-)
,
&+/4',7%5)&# )/ ,
+)&+,>/.' % .4# $% )52$ )'% .4 7, $ % )62/ .$>/.' ,&-,7,-4%/5)&# ) ')04&-%
5.-%/ ,
-%-)1%+)-*&+, %-.' -, $),#.' -)%4# .$%.4# $)5 )'# %5.-%/ ,-%-). %4# .$-%, &7)&9:. .4
-)'+.;)$#%+)-)%45%)52$ )'%< >)6, '#
)&# ). -, $
),#. %)62/.$ >/%'?(,+%&-. ,&#)$
-, #
%-. 34))/ ).4
.4#$.' . 2.''%5 ( %8)$ #)$+),$% 5.-%/ ,
-%-) , 52/ ,
+% % +$,%9:. 2$.2.',#%-% -) 45% )52$ )'% Q
+.5 . .;< )+#,
7. )62$ )''. -))62/ .$%$%, &7)&9:. +.5)$ +,%/5)&# ) , &%/
5)&# )?. #)$+),$.
2%''. 1. -. -)')&7./ 7,5)&# . -. &.7. 2$ .-4# . .4 2$.+)''. +.5 ;%')&%-)'+.;)$ #%.4 , &7)&9:.
)%'4%)62/ .$
%9:. +.5)$ +,
%/

,
04$
% Q ' %')' -. P$
.+)''. -) $
%&'(
)$*&+,
%-) )+&./
.0,
%

9 : ; 9 9

$
%&'(
)$*&+,%-.'
)0,'#.'? -,
$),
#.' P $,%9:. -)&.7.'
)'+.;)$#%.4
P%#)&#)'? ,
+)&+,%5)&#. 2$
.-4# .' .4&.7.'
&7)&9:.
%$+%' .&+)'':. ,$),#.' 2$.+)''.'
2,&.(
('? #
%$ #42'

' 2./D
#,
+%' -) ,&+)&#
,7. H #$%&'()$
*&+,
% -) #
)+&./
.0,% 2$)7*)5 2$ .0$%5%' .4 5)-,
-%' 2%$
%
(
%+,/
,#
%$. 2$.+)''. -)#$%&'(
)$*&+,%)5 +%-%45%-%' #$
*' (%')' -)'+
$,#
%'

,
04$
% Q &#
)$%+9F)' &45 ',
'#)5%-),
&.7%9:. (
4&+,
.&%/

.&#
)N -%2#
%-. -) C$
,'#
,&) -%5' @ "" B

,04$% -)'+$)7) %' ,&#)$ %+9F)' )6, '#)&# )' &45 ', '#)5% -) , &.7%9:. &%+, .&%/-) %/ #%
(4&+,.&%/,-%-) % ;%') -) +.&C)+, 5)&# . +,)&# D(
,+. ) # )+&./=0, +. )&+.&# $%5 ') %' ,&'#,#4,9F)' -)
)&',&. '42)$ ,
.$ ?.' /
%;.$ %#
=$,.' 2E;/,+.' ).' / %;.$ %#=$,.' 2$,7%-.' %''.+, %-.' %)52$ )'%' '# )'
':. .' -)# )&#.$)' -. +.&C)+,5)&# . ' ,&-, 7D-4.' 34) , &#)0$ %5 )'# %' .$0%&,8%9F)' 2$ )+,'%5 -)
,&+)&# ,
7.' 54, #
. )'2)+D(,
+.' 2%$% 2%$ #,+,2%$ )5 &%' %+# ,
7,-%-)' -) # $%&'()$ *&+,
%-. +.&C)+, 5)&#.
5 P.$ #40%/? .' ,&7)'#,0%-.$)' 34) , &# )0$ %5 )'# %' ,&'#,#
4, 9F)' &)5 ')52$ ) )&+ .&# $%5 .'
,&+)&# ,
7.' 2%$ % 45% 2%$ #
,+,
2%9:. 5%, ' %+# ,
7% &. 2$ .+ )''. '#%#4#. -% %$ $), $
% .+)&# )
&,
7)$ ',
#>$,%? 2.$ )6)52/ .? &:. +.&# )52/ % )62/ ,+,#%5)&# ) )'# %' %+# ,7,-%-)' +.5. 2%$ #
) -%
%7%/,%9:. 2%$ % 2$.0$)'':. &% +%$ $),
$ %?&.5)%9:. -)( ,
&,#,
7% .4 +/ %'',(,
+%9:. &.' +.&+4$ '.' 2%$%
2$.()''.$ %''.+, %-. .4 +%# )-$>#,+. %#4$ %/5)&# )? .' -.+)&# )' -)-, +%5 5)&.' # )52. %
%+#,7,-%-)' +.5. % # $
%&'()$*&+,% -) +.&C)+, 5)&# . ') )'# %' &:. # *5 $ )( /
)6. &% 2$ .0$)'':. &%
+%$$),$%

. .4# $
. )6# $
)5.?# )5.' . 4# ,
/,
8%-.$( ,
&%/-% # )+&./.0,%N% ,&-E'#$,
% ) %' )52$ )'%' '# %'?2%$%
2%$ #,
+,2%$)5 &. 2$ .+)''. -) #
$%&'()$*&+,% -) #)+&./
.0, %?2$)+,'%5 -) -)')<%$, &.7%$-) (.$5% %
0)$ %$)5 2$ .+4$% Q . +C%5%-. %' %' )52$ )'%' &)+)'', #%5 #%5;15 -)
+%2%+, -%-) -) 54-%&9% ) -) %-%2# %9:. 2%$ % %;'.$ 7)$&.7%' , -),
%' P.$, ''.?1 ,52.$ #
%&#)%
%2$ )&-,8%0)5 %. / .&0. -% 7,-% -.' (4&+,.&>$,.' ) -.' )52$ )'>$,
.'?. )'# D
54/ . H %;)$
#4$%)H
#$%&'(.$ 5%9:. 2)''.%/ ' )52$ )'%' 2$ )+,'%5 # %5;15 -) +.&C)+)$ % .$ ,0)5 -%' &.7%'
#)+&./ .0,%' ).' ,
&+)&#,7.' %34)2.-)$ :. $)+.$$)$

&#$) .' -.,


' )6#$
)5.'?#
)5.' %' ,
&'#
,#4,
9F)' ,
&#)$
5)-,>$
,%' -. 2$
.+)''. -) #
$%&'(
)$*&+,
% -.
+.&C)+,5)&#.? .&-) . '#%-. #
)5 45 2%2)/ , 52.$
#%&#) &% +$,
%9:. -45 )&34%-$ %5)&#.
,
&'#,#
4+,.&%/(%+,/
,#%-.$ &# $) 45% ;%') -) +.&C)+,5)&#. (.$
#) ) )52$)'%' +%2%8)' -) %;'.$7)$
,
-),%' ,
&.7%-.$ %' 1 &)+)''>$ ,
. %-%2#
%$%' # )+&./
.0,%' H' &)+)'',
-%-)' -% ,&-E'#$,
%?+$ ,
%$45%
,
&($
% )'# $
4#4$% -) $)+4$'.' C45%&.' +.5 +.52)# *&+,
%' 2%$% 2$.-48,
$. -)')&7./7,5)&#. #1+&,+.
%-,
+,.&%/?(%+,
/,
#%$%)6, '#*&+,%-)+%2,#%/34)(,&%&+,
))'')' -)')&7./7,
5)&# .' )* -1 - $ )/
%#,7.
H2$.#)+9:. -%2$ .2$,)-%-),&#)/)+#
4%/

,
&%/5)&# )?%, &#
)$%+9:. )&# $)#.-%' )'#%' .$
0%&,8%9F)' -)7)')$( /
4,-% ' 5)+%&, '5.' (.$5%,')
,
&(.$5%, ' -)7)5 +.52/ )5)&# %$') &45 51# .-. )(,+%8 -) .;#)$ ,&(
.$5%9:. '.;$) >$ )%' )5
2%$#
,+4/%$ )6,
'#*&+,% -) 7)$-%-),$%' $)-)' %+)/)$
%%# $%&'()$
*&+,% -) +.&C)+,5)&#. )&#$) %'
,
&'#,
#4,9F)' +,)&#D
(,+%' ) % , &-E'#$,
%? +.&'#,#4,
&-. 45 +%&%/-) +.54&, +%9:. 2$,
7,/
)0,%-. -)
2%$#
,+,
2%9:. &%-)( ,&,9:. -%' 2./
D#
,+%' -),&.7%9:.

%&>/ ,
') -.' )'#4-.' -) +%'. -) 2%D ')' .&-) . 2$ .+)''. -) #
$%&'()$*&+,
% -) #)+&./.0,% ')
-)')&7./ 7) -) (
.$5% )(,
+,)&#) 2.-)$
> %46, /
,%$&.' % +.52$ ))&-)$%' +%$%+#
)$D
'#,
+%' $)'2.&'>7),'
2)/. '4+)''. -. 2$
.+)''. )/.+%/,
8%$.' 2.&#.' .&-). ','#)5%&%+,.&%/2.-)$ >')$5)/C.$ %-.

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

" * ! "
+ , - * . , .
#

/ 0

$
)/%#=$,. 2$.-48,-. 2.$ C$ ,'#,
&) -%5' 2%$ %. )2%$ #%5)&#. -) .51$ +,
. ) &-E'# $,
%-. ), &.
&,-. ,-)&# ,
(,
+%%' +%$ %+#)$D'#
,+%' -45 ', '#)5%-), &.7%9:. &%+,.&%/)( ,+%8)-)'+$ )7).' ', '#)5%'
-) ,&.7%9:. )6, '#)&# )' &45 +.&< 4&# . -) 2%D')' 34) 2.-)5 ')$7, '#.' +.5. +%'.' -) '4+)''. &%
#$%&'()$*&+,% -) # )+&./ .0,%N .' +%'.' -) 5%, .$ '4+)''. %2$ )')&# %5 5.-)/ .' -) )/ )7%-%
+..$-)&%9:. % &D 7)/&%+, .&%/%. / .&0. -) # .-. 2$ .+)''. -) # $
%&'( )$
*&+,% -) # )+&./.0,%T .
'4;','#)5% -) # $
%&'( )$*&+,% -) #)+&./ .0,%#)5 45 2%2)/;)5 -)( ,&,-.T%' 2)''.%' )&7./ 7,-%' &.
2$.+)''. -)# $%&'()$ *&+,
%-)# )+&./ .0,%?#%&#. &%'4%;%')+.5. &. # .2.?':. $ )+.&C)+,-%' +.5.
+$)-D7),' 2)/%, &-E'# $,
%T%' .$ 0%&, 8%9F)' -. ', '#
)5% $ )+);)5 -% 2%$#) -.' -)#)&#.$)' -)
+.&C)+, 5)&# .?-%, &-E'# $,
%)-.' 0.7)$ &.'T% '4%)6, '#*&+,%%2.,%. -)')&C. -)2$ .0$%5%' )-)
(,
&%&+, %5)&# .' '4'# )&#%-.'?;%')%-.' )5 )'# $%#10,%' -)/ .&0. 2$
%8.

U , 52.$ #%&#) $)#)$ % *&( %') -%-% %. 2%2)/ -%' 2)''.%' ' )&7./7,-.' &. 2$ .+)''. -)
#$%&'()$*&+,% -) # )+&./.0,% -)7)5 # )$ 45% ( .$#
) ( .$5%9:. +, )&#D
(,
+% ) # )+&./
=0, +% 5%'?
%-,+,.&%/5)&# )? 45% +.52$ ))&':. -% 7)$ #)&#
) +.5)$ +,
%/? )'#%;)/
)+)&-. 2.&# )' )&# $) %'
,&'#,
#4,9F)' -. ',
'#)5%+, )&# D
(,
+. )# )+&./=0,+. )%, &-E'#$,
% :. 2)''.%' 34)'))&7./ 7)5 +.5 %
,&-E'#$,%?34)+.52$ ))&-)5 %' &)+)'', -%-)' -%' )52$ )'%'?34)# *5 %+%2%+, -%-)-)$ )+.5)&-%$
'./49F)' +.5)$ +,%/5)&# )%# $%)&#)' )%+.&')/ C%5 %' )52$ )'%' 34%&#. H' %+9F)' &)+)''>$ ,
%' 2%$%
%/+%&9%$'./ 49F)' %-)34%-%' ,
&-E'# $,
%$ )+.&C)+)< >34). +.&C)+, 5)&#. 0)$%-. &%' ,&'#,
#4,9F)'
-. ','#)5% +, )&#D
(,
+. ) # )+&./=0,+. 1 -) )/)7%-. 7%/.$?$ )'#
% -)5.&'# $%$34) 2.-) ')$0)$ ,-. )

,
&/V&-,
%? /
)5%&C%? ./
%&-%? %&%->) 41+,
%
-)')&7./7,-. 2$
.(,
'',.&%/5)&#) -) (
.$5% % 5%#
)$,
%/,
8%$') +.5. 7%/
.$ '') 2%2)/2)$
#)&+) H'
2)''.%' )&7./7,
-%' &)'#
)2$ .+)''.

P%$%34)')2.''%+$ ,
%$5%, '$,
34)8%?)62/.$%&-. + .$$)+#%5)&# ). 2.# )&+,%/+,
)&#D(
,+. )#)+&./
=0,+.
-. 2%D'? . 2$ .+)''. -) # $%&'()$*&+,
% -) +.&C)+, 5)&# . 2$ )+,'% -) # )$ %'')04$%-. .'
&)+)''>$,.' &%' -,7)$'%' )#%2%' -)'+$,
#%' %+,5% 5 ( %+#.$+ $4+,%/) (.$ #
)5)&# ) '4;/,
&C%-. 1 .
(%+#
. 34) )'# ) 2$.+)''. '= 2.-) ')$)( ,
+%8 ') #.-.' )'# )' )'#,
7)$ )5?',54/ #%&)%5)&#)?
%'')04$%-.' :. ;%'#% %'')04$ %$45% 2%$ #)?2., ' %'',5 # .-. . 2$ .+)''. -),6% -) 2$.-48,
$.'
)(),
#.' -)')<%-.'?. 34)$ )'4/
#%&45%0$ %&-)74/ &)$ %;,/
,-%-)-. ', '#
)5%

.' +,
&+. 2%D')' %2.&# %-.' +.5. +%'.' -) '4+)''. &. $ )/%#=$,
.?# $*' .2#%$%5 2.$45 ', '#)5%
;%')%-. &45 +.$ 2. -) I+.&'4/ #
.$)' #)+&./=0,+.'K )&-. . .;< )+#,
7. -)'') $ )/%#
=$,. % 2$.-49:.
-) $)+.5)&-%9F)' -) 2./ D#,
+% 2%$ % % 5)/C.$,% -. ', '#)5% -) # $%&'()$*&+,
% -) +.&C)+, 5)&# . -.
),
&. &, -.? % 2$ ,
5),$%$ )+.5)&-%9:. 1 2$ )+, '%5)&# ) % +$,%9:. -45 +.$ 2. -) +.&'4/ #.$)'
#)+&./=0,+.' ' ;)&)(D
+,.' $)'4/#
%&#)' ,&+/
4)5 %+$ )-,;,/
,-%-)%''.+, %-%%45 0$ 42. -)2)$ ,#.' -)
)/)7%-% ( .$5%9:.? + .5 %+)''. H $ )-) &%+, .&%/-) +.&# %+#.' ) %.' , &'#$45)&# .' (,
&%&+), $
.'
-,'2.&D7),'?+%2%8)' -) )&7./ 7)$% ,&-E'# $,
% &. 2$ .+)''. -) # $
%&'( )$*&+,
% -) +.&C)+, 5)&# .
(%+#. -) ') #$%#%$-) 45 +.$ 2. E&,+. -) 2)$ ,#.' -,5, &4,2.''D7),' $,7%/,
-%-)' )&# $) -,(
)$ )&#)'
)&#,-%-)' -. ','#)5%-), &.7%9:. )+$ ,
%45 2.&# . -)+.&# %+#. 34)-)')&7./ 7)%+.&( ,
%&9%5E# 4%
)%+.&# ,
&4,-%-)&. %2., . H' )52$ )'%' ,&.7%-.$ %'

2%2)/-. '# %-. 1 )'# $%#10,+. &% %$ 34,#


)+#4$%, &'#,
# 4+,.&%/-. ','#)5% -) # $%&'()$*&+,% -)
#)+&./.0,%?-%-%' %' +%$%+#)$D
'#,+%' -);)5 2E;/ ,
+. %''.+,%-%' %. ;.5 ( 4&+,
.&%5)&# . -. ','#)5%
' %0*&+,%' 2E;/,+%' %'')04$%5 % )6, '#*&+,% -) 5)+%&, '5.' ( %+,
/,
#%-.$)' -% #$%&'()$*&+,% -)
#)+&./.0,% ) (.$54/ %5 2./ D#,
+%' 34) 2$ .2,+,
)5 45 )'( .$9. '4'#)&#%-. -) ,&7)'# ,
5)&# . &.
+.&C)+,5)&# .?2$ .#)<%5 % '4%2$ .2$ ,
)-%-)2%$ % )&+.$ %<
%$% '4% %2/ ,+%9:. 2$.-4#
,7% )( %+,/
,#
)5 %
#$%&'()$*&+,%-. +.&C)+,5)&# . 2%$%%2/ ,
+%9F)' 2$.-4#,7%'

2%2)/-. '# %-. 1 ,52.$ #%&#) )5 # $*' 7)$ #)&#


)' -,'#,
&#%'N +.5. -)( ,
&,-.$ -) $)0$%' /)0%,'
%-)34%-%' )-, (4'.$-%' 5)/ C.$)' 2$>#,+%' 2%$% 45%)( ,
+%80)'# :. -. +.&C)+, 5)&#.T/)7%&-. )5
+.&',-)$%9:. 34) .' ;)&)( D
+,.' '.+,%,
' -. 2$ .+)''. ':. )/)7%-.' ) 5%, .$)' 34) .' ;)&)( D+,
.'
2$,
7%-.' $ )#,
$%-.' 2)/%' 2%$#
)'?.4')< %?+.$ $,0,
&-. )'#%(%/C%-)5)$ +%-.T$ )+.&C)+)&-. %/ ,
0%9 :.
)&#$)# $
%&'( )$*&+,% -) +.&C)+,5)&# . ) .' ', '#)5%' -) ,&+)&#,7.' )6,'#)&#)' &. )&',&. '42)$ ,
.$
4&,7)$',
#>$ ,
. )&.' 5)$ +%-.' -);)&' )')$ 7,9.'?.&-). 2%2)/$ )04/%$-. '# %-. 1(4&-%5)&# %/U
)'2)+,%/
5)&# ),52.$ #%&#) 34) %' $ )0$%' /)0%,' ')<%5 %-)34%-%' 2%$ % %'')04$%$% +.&+.$ $*&+,%
&.' 5)$ +%-.'?+.5 *&( %')&. 5)$ +%-. -)+%2, #
%/)-%2$ .2$,)-%-),&# )/
)+#4%/

. %&%->)6,
'#). P@P$.0$%5%-) 2., . H,
&7)'#,
0%9:. ,
&-4'#$,
%/34)+.&#
%+.5 " +.&'4/
#.$
)' -)#)+&./
.0,
%B?
&% ,
&/V&-,
%. W @
1 % %0*&+,% -) ,
&.7%9:. (
,&/
%&-)'% ) ,
&+.$2.$% " +.&'4/
#.$
)' -) #)+&./
.0,%B) &% 41+,%.
*" "3<)(
</0"3!
) *$6" !=) *) #)3>"#/0"3!
)
3) *$ %,")#'%$-7" "', )%"/
$

5 X%&), $. -)'#
) %&. (.,24;/,
+%-% 2)/% 45 I %&4%/-) ;.%' 2$>#,
+%' 2%$% 45% )(,+%8
#
$%&'()$*&+,%-. +.&C)+,
5)&#.K S4%&-. -%'4%24;/,
+%9:.? 4&#
)$Y)$C)40)& @Y,
+) P$)',
-)&#)-%
.5,'':. 4$ .2),%2%$%% 52$ )'%)% &-E'#$,
%B)X %&)6P.#
.+&,
M@ .5, ''>$
,. 4$.2)4-% , *&+,%
) &7)'#,0%9:.B%(,
$5%$%5N
I 4$ .2% 1 C> 54, #. $ )+.&C)+, -% 2)/% )6+)/ *&+,% &% ,&7)'#,0%9:.? 34%&-. # .+% H
24;/ ,
+%9:. -)%$ #,0.' )5 $ )7,'#%' +,)&#
D(,
+%'
. )&# %&# .?% 4$ .2%1%, &-%$ )/%#,
7%5)&# )( $%+%&. 34)# .+%H# $%-49:. -.' $)'4/#
%-.' -%
,&7)'# ,0%9:. )5 2$ .-4# .' ) ')$ 7,
9.' , &.7%-.$ )' 34) 2.''%5 +.&# $
,;4,$ 2%$% %
+.52)# ,
#,7,-%-)
@ZB $ )+)%5.' 34)? % &:. ')$ 34) .' $ )'4/#%-.' -% A ')< %5 +.&7)&, )&#)5)&#)
-,'')5, &%-.' ) )62/ .$%-.'?45 5)$ . %45)&# . &% 34%&# ,
-%-) -) ,&7)'#,0%9:. &% 4$ .2%
&:. # )$ >45 , 52%+# . =2#,5. &%+.52)# ,#
,7,-%-))4$ .2), %
@ZB 5% -%' 2$ ,&+,2%,' ;%$$),$%' % #%/)62/.$%9:. -) $ )'4/
#%-.' #
)5 C, '#.$,
+%5)&# ) ',
-. %
-,(,
+4/ -%-) )5 %/ ,
&C%$.' , &#)$)'')' -% 4&, 7)$',-%-) ) -% ,&-E'#$,
%?)'2)+, %/5)&#) &45%
2)$ '2)+# ,7%-)+$ ,%9:. -)2%$ +)$,%' %/.&0. 2$%8.
@ZB 2)/ %5.' H' &, 7)$',-%-))H &-E'# $
,%2%$ %%-)$ ,$@ B2%$ %;)&)( D+,
. -% 4$ .2%K
'#%24;/ ,
+%9:. +.5)9%2.$$ )(
)$,$.' 0%&C.' 2%$ %#.-%' %' 2%$#)' )&7./ 7,-%'N@ B ' 52$ )'%'N.
$)2$)')&#% "[ -% A )52$ )'%$ ,
%/ ?34) )6+)-) .' "" ;, /
,F)' -) )4$.'?)5 7%/ .$
)/
C.$%5)&# .'? %, &-% 34) 2)34)&.'? &% )( ,+,*&+,
% -)'# ) ? 0)$%5 45 $ )#.$&.
,52.$ #
%&#) &. ,&7)'# ,
5)&#. @ B &, 7)$',
-%-)' ) .4# $%' ,
&'#,#4,9F)' -) , &7)'#,
0%9:. +, )&#D(
,+%N.
'4+)''. )5 2%$ )+)$,%' -) ,&7)'#,0%9:. +.5 % , &-E'#$,
%$ )(.$9% . 7%/ .$ -% 4&,7)$ ',
-%-) &%
'.+,
)-%-)? +$ ,% &.7%' .2.$ #4&,-%-)' ) 2.# )&+, % 45% 5%, .$ 34%/ ,-%-) -% , &7)'#,
0%9:. ) -%
)-4+%9:. 4&, 7)$',#>$,
% @ B )&# $.' )+&./ =0, +.'N )'#%&-. +%-% 7)8 5%, ' .$,)&#
%-%' 2%$ %.
5)$ +%-.? #.$&% ') +%-% 7)8 5%, ' ,52.$#%&# ) 34) '%, ;%5 +.5. +$ ,%$? %2/,
+%$ ) #$ %&'()$ ,
$.
+.&C)+,5)&# . -)( .$5%)( ,
+%8 +.&C)+,5)&# . -%' 5)/ C.$)' 2$>#,+%' -)')&7./ 7))''%+%2%+, -%-)
)+$ ,
%45%5)/ C.$+.52$ ))&':. -%' &)+)'',
-%-)' -% &-E'# $,
% @B .+,)-%-)N;)&)( ,+,%34%&-.
.' (
$4#.' -%,&7)'# ,
0%9:. ':. 2/
)&%5)&# ))62/.$%-.'
&(%#,8% 34) % -,'')5,&%9:. -%' ;.%' 2$>#
,+%' +$
,% 5)/C.$
)' +.&-,
9F)' 2%$% 34) )''% 2/
)&%
)62/.$%9:. 2.''% ')$%#
,&0,-% ) -)(
)&-)34)'= %'',5 ')$
>2.''D7)/H 4$ .2% %#
,&0,
$.' .;<
)+#,
7.'
2./D
#,+.' '4;<
%+)&#)' H )+/%$
%9:. -) ,';.%

)'#%;)/)+,
5)&# . -)+=-, 0.' -);.%' 2$>#
,+%' (
%+,/
,#%%-)( ,
&,9:. +/%$%-)( %+# .$)' (
4&-%5)&# %,'?
#%,
' +.5. % -)( ,&,9:. -% 2$ .2$,
)-%-) -%' -)'+ .;)$ #
%' +, )&#D
(,+%'? % )( )+#,
7% 2$ .#
)+9:. -%
2$.2$,
)-%-) , &#)/
)+# 4%/
? )#+ .7)$ &.' -) 7>$,.' 2%D')' 4$ .2)4' -)')&7./ 7)$%5 +=-, 0.' -)
2$>#,
+% 2%$% % 0)'#:. -% P$ .2$,
)-%-) &-4'# $
,%/-) &'# ,#4,
9F)' PE;/ ,+%' ) %/04&' )'#:. %0.$%%
-)')&7./7)$$ )+.5)&-%9F)' ) 5.-)/ .' -) +.&#$%#.' 2%$%, &7)'#,0%9:. )5 +./ %;.$%9:. +.5 %
,
&-E'# $
,% )34, ',#.' 2%-$:. )6,
'#)5 #%5;15 2%$ %2$ .<
)+#.' &. V5;, #. -. P$
.0$ %5%S4%-$ .

/
0. 34) 2.-)$ ,
% ')$-) , &#)$)'') &)'# % >$ )% ')$ ,
% % )7)&# 4%/2$ .-49:. -45 5%&4%/-) ;.%'
2$>#,
+%' 34) 2.''% %46, /,%$ %' , &'#,#4,
9F)' -. &% -)( ,
&, 9:. -%' '4%' 2./ D#
,+%' -)
-)')&7./ 7,5)&#. -% 2$ .#)+9:. ) -, (4':. -% 2$ .2$ ,
)-%-) , &#)/
)+#4%/?$ )/%#,
7%5)&# ) % %'2)+# .'
+C%7) # %,' +.5.N . 34) +.&'# ,#4,2$ .2$,)-%-) , &#)/
)+#4%/ ) . 34) ':. .' -, $),
#.' '.;$ )%
2$.2$,)-%-), &#)/)+#
4%/-%, &'#,#4,9:.T%-)( ,&,9:. -%2$ .2$ ,
)-%-)-.' -, $
),#.' '.;$)%2$ .2$ ,
)-%-)
,&#)/
)+# 4%/T )6+)29F)'T -, $ ),
#.' '.;$ ) % 2$ .2$ ,
)-%-) , &#)/)+#
4%/-.' )'# 4-%&# )'T -4$ %9:. -.'
-,$),
#.'T %/ #)$%9F)' H ',#4%9:. +.&# $%#4%/-.' , &7)'#,
0%-.$ )' ) 2$ .2$ ,
)-%-) , &#)/)+#
4%/ T . 34)
+.&'#,#4, , &(
.$ 5%9:. +.&( ,
-)&+, %/T 2$.+)-, 5)&# .' 2%$ % % # $.+% -) , &(.$5%9:. +.&( ,
-)&+,%/ T
2$.+)-, 5)&# .' 2%$ % % $ )7)/ %9:. -) , &7)&# .' ) &.7%' -)'+.;)$ #%'T 2$.+)-, 5)&# .' 2%$ % %
+.5)$ +,%/ ,
8%9:. -% 2$ .2$,)-%-) , &#)/)+#4%/T 2$ .+)-,5)&# .' 2%$% % +$ ,
%9:. -) &.7%' )52$ )'%'T
2$.+)-, 5)&# .' 2%$ % . -)')&7./ 7,5)&# . -) 2$ .<
)+#.' +.&< 4&#
.' +.5 .4# $%' ,&'# ,
#4,9F)'T
2$.+)-, 5)&# .' $)/%#
,7.' %+.&( /,
#.' -), &#)$)'')T)# +

&,7)$',-%-)' +.5 /%$0%)62)$,*&+,%)5 %+# ,


7,-%-)' -)#$%&'()$*&+,%-)# )+&./.0,%7,$%5?+.5. &)+)''>$ ,.?45%+/%$%
-)( ,&,9:. -) 2./D#,
+%' &)'#
% >$)%?# )&-. -)')&7./7,-. 2./
D#,
+%' ) .$,)&#%9F)' +.&+$)#%' /04&' )6)52/ .'NP./D
#,
+% -%
&,7)$ ',
-%-)'.;$ )%2$ .2$,
)-%-), &#)/)+#
4%/?,&(.$
5%9:. +.&( ,-)&+,
%/)+.5)$ +,%/,
8%9:.T 2%$%45%%7%/ ,
%9:.
,&,+,%/-%' , &7)&9F)'T2$ .+)''. -) +.5)$ +,
%/,
8%9:.T+.&# $%#%9:.T2$ .+)-,5)&# .' 2%$%%, &+.$2.$%9:. -45% )52$ )'%
1 -% 4&,7)$ ',
-%-)T 2./D
#,
+% '.;$ ) 2$.<)+#.' ) +.&#$%#.' -) ,&7)'# ,
0%9:.? +.&'4/ #.$
,% ) .4# $
%' %+#,7,
-%-)'
+.5)$ +,
%,'T2./D
#,+%-)$ )7)/
%9:. -), &7)&9F)' )-)&.7%' -)'+.;)$ #
%'T2./ D
#,
+%-)+.&( /,
#.' -),&#)$)'')'T)# +

G
$)+
.&C)+, 5)&# . -%' )6# )$&%/
,-%-)' $)'4/#
%&# )' -)'# ) 2$.+)''. 1 # %5;15 ( 4&-%5)&#%/
)62)$,*&+,
%, &#)$&%+,.&%/+.5 %;, &)#)' +$
,%-.' &%/045%' 4&, 7)$',-%-)' #
)5 -)5.&'# $%-. 34) %
#$%&'(
)$*&+,%-) # )+&./ .0,
%&:. 0)$ %$)&-,5)&# .' '4(,
+,)&#)' 2%$ % %.;#)&9:. ')34)$-45 *1
-)'#)' 0%;, &)#)'? 2)/. 5)&.' -4$ %&#) 45 2)$ D.-. -) " %&.' U , 52.$#%&#) C%7)$
+.&'+,*&+,
% -)'#)( %+#. )$)+.&C)+)$34) %' ,&'# ,
#4,9F)' +,)&#D(
,+%' 2.-)$:. &)+)'',
#%$-) %2.,.'
)'2)+D(,
+.' ,
&,+,
%,', &#)0$%-.' &45%)'# $
%#10,%%5%, '/ .&0. 2$%8.

,&%/
5)&# )? 1 , 52.$ #%&#) &:. -)'+4$ %$ %' &)+)''>$ ,
%' ,52/ ,
+%9 F)' 2%$ % . )&', &. '42)$ ,
.$
4&,7)$', #
>$ ,
.N 45 )( ,+%8 2$ .+)''. -) # $
%&'( )$
*&+,% -. +.&C)+, 5)&# . $)34)$ +.52)# *&+, %' )
+%2%+,-%-)' $ )'2), #%&#)' % -,7)$'%' >$)%' -. '%;)$ ?2%$ % %/
15 -% 0)'# :. -. +.&C)+,5)&# . ) -%
2$.2$,)-%-) , &#)/)+#4%/ .52)# *&+,
%' &%' >$ )%' -) 0)'#:. -) 2$ .<)+#.'?)52$ ))&-)-.$ ,'5. )
-)')&7./ 7, 5)&# . -)&)0=+, .' ':. #%5;15 ( 4&-%5)&# %,' ', &'#
,#4,9F)' -))&', &. '42)$,
.$-)7)5
-)')&7./ 7)$2$ .0$ %5%' %2$ .2$,%-.' 2%$% % %2$ )&-,8%0)5 -) # %,' +.52)# *&+,%' ) -% /,&04%0)5
+.545 4# ,/
,8%-% &. 54&-. -% , &.7%9:. ) -.' &)0=+, .' I&.7%9:.K &:. 1 %2)&%' %7%&9 .
#)+&./=0, +. )'+./C% -. 5)/ C.$5.-)/ . -) &)0=+, . .4 -% 5)/ C.$)'# $4#4$% )52$ )'%$,%/1 2.$
7)8)' 5%, ',52.$ #%&# )-. 34)')$. 2$ ,
5), $. %-)'+.;$ ,
$.4, &7)&#%$%/ 0. '', 5?%' +.52)# *&+,%'
+,)&#
D(,+%' -)7)5 ')$+.5;, &%-%' +.5 %' C45%&, -%-)'?%)+.&.5, %?%'.+, ./.0,%). -, $),#.?-%-%
%&%# 4$ )8%# $%&'-, '+,2/,
&%$'4;< %+)&#)H, &.7%9:.

Y>$,.' 2%D ')' 4$.2)4' -)')&7./7)$%5? %. / .&0. -%' -4%' E/ #,


5%' -1+%-%'? 0%;, &)#)'
)'2)+,%/,
8%-.' )&+%$ $
)04)' -) 0)$ ,
$ . +.&C)+,
5)&# . )6,'#)&#) &%' &'# ,
#4,9F)' -. ,'#)5%
,)&#D(
,+. ) )+&./ =0,+. Q .' +C%5%-.' I %;,
&)#)' -) $ %&'()$*&+,
% -) )+&./ .0,
%K .4 2
2 % *5 . 2%2)/-)I )524$$%$
K. +.&C)+,5)&#. +,)&#D
(,
+.?/)7%&-. . %#1%. 5)$ +%-.
Q . +C%5%-. #

5 &0/ %#)$ $
%?. 0)'# .$-)# $%&'()$*&+,%-)# )+&./.0, %145%2$ .(,
'':. $)+.&C)+,-%?+.5 5%, ' -)
""" ,&-,7D -4.' )6)$+)&-. )''%' ( 4&9F)' ' , &'#,#4,9F)' -. ','#
)5%+, )&#D
(,
+. )# )+&./=0,
+. ,
&0/*'
C> 54, #. 34) $ )+.$$)5 % )'# )' )'2)+,%/,
'#%' +4<. 7%/ .$-) 5)$ +%-. #)5 %45)&# %-. -%-. . ')4
2%2)/( 4&-%5)&# %/&% #$%&'()$*&+,% -) +.&C)+,5)&# . 5% -%' $ )+.5)&-%9 F)' -. +.5, #
1 2%$%%
2./D
#,+%)+.&=5, +%-% 12$ )+,'%5)&#)34)-)7)')$( .5)&# %-. . %45)&# . )%+%2%+, -%-)-)
0)'#:. -%2$ .2$,)-%-), &#)/)+#4%/&%' ,&'#,
#4,9F)' +,)&#D(
,+%'?%' 34%,' -)7)5 #)$5%, .$/,
;)$-%-))
5%,'$ )+4$ '.' 2%$ %%+.&# $%#%9:. )( .$5%9:. -)0)'# .$)' -)# )+&./.0,%

0)'#:. -% #$
%&'( )$
*&+,% -) #)+&./.0,
% 1 45% # %$
)( % )'2)+,%/,
8%-% 34) $
)34)$+.&C)+, 5)&#.'
)'2)+D
(,+.' #
%&#. &% 7)$#
)&#) +,
)&# D
(,
+% +.5. &% 7)$#)&#) -. +.&C)+,5)&#. -. 5)$+%-. 5 ;.5
-)')52)&C. &% # $%&'()$
*&+,% -. +.&C)+,5)&#. ,52/,+% 7%/*&+,%' 5E/#
,2/
%' 2.$2%$#) -. 0)'#
.$?
,
&+/4,
&-.N

+.&C)+)$.' -)')&7./
7,5)&#
.' #
)+&./=0,+.' &% ,
&'#
,#4,
9:. % 34) )'#
> %''.+,
%-.?2%$
%.
34)&)+)'',
#%-)45%;.%+.54&, +%9:. )$)/%+,
.&%5)&#. +.5 .' ,
&7)'#,
0%-.$)'T

+.52$ ))&-)$. 2.#)&+,%/-. $


)'4/ #
%-. )'2)$%-. -)'')' -)')&7./
7,5)&#
.'?2%$
% . 34)
&)+)'',#%-)(.$
#)' +.&C)+,
5)&# .' -);%')+,)&#D(
,+%)# )+&./
=0,+%T

%&#)7)$2.# )&+,
%,' %2/
,+%9F)' -.' $)'4/#%-.' -) ,&7)'#
,0%9:. &. 5)$+%-.?2%$% . 34)
&)+)'',
#%-)45 ;.5 +.&C)+, 5)&# . -.' 5)$ +%-.'?-%' &)+)'',
-%-)' -% ,
&-E'#
$,%)-%'
#)+&./
.0,%' %/
#)$&%#,
7%' -,'2.&D
7),'T

%'')04$%$45%2$ .#)+9:. -%2$.2$,


)-%-),&#)/
)+#
4%/)()+#,
7%?)7,#%&-. %-,74/
0%9:. &:.
2/%&)%-%-.' $
)'4/#
%-.'?2%$ %. 34)&)+)'',
#%')&',
;,/
,8%$.' %+%-15,+.'T

-)#)$5,&%$%5)/C.$(.$5%-)+.5)$ +,%/
,8%9:. -% #)+&./
.0,%?&.5)%-%5)&# )?'))6,
'#)
&)+)'',
-%-)-)-)')&7./7,5)&#. %-,
+,.&%/%&# )' -%+.5)$ +,%/
,8%9:.?') . /,
+)&+,
%5)&#.
-)7) ')$)6+/
4',
7. .4 ') 1 5%,
' 7%&#%<.'. ')$% 2$ =2$,
%, &'#,#4,
9:. % -)')&7./
7)$45
1 "2%$%. 34)&)+)'',#
%-)+.52)# *&+,%' #1+&,
+%'?+,
)&# D
(,+%' )+.5)$+,%,
'T

%&0%$
,%$) 0)$
,$.' (
4&-.' )6,
'#)&#
)' 2%$
%. -)')&7./
7,5)&#
. -) 2$
.-4#
.' ) 2$
.+)''.'?

!
2%$% . 34) 1 &)+)''>$
,% ')&',
;,/
,-%-) '.;$
) . 2.#
)&+,
%/+.5)$
+,%/2%$
% )'+./
C)$)&#
$)
2$.<
)+#.'?-%-%%)'+%'')8-)( 4&-.'T

#
)$;.&' +.&#
%+#
.' +.5 %,
&-E'#
$,%)+.&C)+
)$%' ,
&-E'#
$,%' $
)/)7%&#
)'T

G '%;)$%7%/
,%$. 7%/
.$-%#
)+&./
.0,
%)5 +%4'%2%$
%%,
&-E'#
$,%T

! '%;)$ &)0.+,
%$ +
.5 %' )52$
)'%'? 2%$
% . 34) &)+)'',
#% -) +.&C)+)$ #
1+&,
+%' -)
&)0.+,
%9:.

5 )&.$ 5) -)'%( ,
. 2%$% )'#)' 0)'# .$)' 1 +.&')04,$
?)5 ', 54/#V&).?%/ ,
&C%$.' ,&#)$)'')' -%'
2%$#)' )&7./7,-%'?(%8)&-. +.5 34) +%-% 45% +.52$ ))&-% ) $
)'2),#) %34,/
. 34) 1 ,52.$#%&#)
2%$% % .4# $% 2%$#) <
4'#,
9% &)''% $ )/%9:. 1 +)&#$
%/?')&-. 2$ )+,
'. -)')&C%$$ )'4/#
%-.' 34)
%5;%' %' 2%$ #)' +.&',
-)$)5 )34, #%#,7.' &%-, 7,
':. -)0%&C.' 2$)')&#)' .4 2.#)&+,
%,' P.$(,5?1
2$)+,'. 0)$ ,
$ %' )62)+# %#,
7%' # )&-. )5 +.&# % %' -, (
)$)&9%' +4/#4$
%,' )&# $
) . 54&-. -%
,
&7)'# ,0%9:. ). 54&-. -.' &)0=+, .'

. +.&#
)6#. -. $ )+.&C)+,
5)&#. -% ,
52.$ #V&+,% -%' %+#
,7,
-%-)' -) ,
&.7%9:.?)5 P.$#40%/#)5
7,
&-. % -)')&7./7)$') 45 )'(.$9
. 34)?)5;.$ %$)+)&#)?2$.-48,
4 7>$
,%' ,
&,+,
%#,
7%'?45%' <
> )5
7,
0.$).4# $%' )5 (%')-)%$ $
%&34) '# %' 5)-,-%' )&+.&#
$%5 ')$)'45,-%' &% %;)/%

%;)/
% Q /
045%' -%' 2$
,&+,
2%,
',&,
+,%#
,7%' )6,
'#)&#
)' 2%$
%%2$
.5.9:. -%,
&.7%9:. )#
$%&'(
)$*&+,
%-)+.&C)+,
5)&#
.

3/
#/$!
/<$ .;<)+# ,7. (.,. -% +$ ,%9:. -45% $ )-) -) 0%;, &)#)' -) %2., . H 2$ .# )+9:. -% 2$ .2$,
)-%-)
,&-4'# $,%/+.5 % ( ,&%/,
-%-) -) -, '')5, &%$ % , &(.$ 5%9:. '.; % ( .$5% -) P ) 2$ .5.7)$%
+..2)$ %9:. )&# $),&'#,
#4,9F)' +,)&# D(,
+%' ))52$ )'%' +# 4%/5)&# )?)6, '#)5 "?/ .+%/
,8%-.' )5
&,7)$ ',
-%-)'? )&# $.' )+&./ =0, +.' ) ''.+, %9F)' 52$ )'%$,
%,'
3/
#/$!
/<$ @, &%&+, %5)&# .N 5, /
CF)' -))4$ .'BQ .;<)+#,7. 1%+$ ,
%9:. -)I .(,+,&%' -)# $
%&'()$*&+,%-)
+.&C)+, 5)&# .K &%' &'# ,#
4,9F)' -) &', &. 42)$,.$ +.5 % ( ,&%/ ,
-%-) -) )'# ,
54/%$ %
#$%&'( )$*&+,% -) # )+&./.0,%?)'# ,54/ %$ % +..2)$ %9:. 4&, 7)$',
-%-) )52$ )'% ) % +$ ,
%9:. -)
)52$ )'%' -);%')# )+&./=0,+% &+.&# $% '))5 ( %')-)+.&+4$ '.
3/
#/$!
/<$ "3!
,) *" @, &%&+, %5)&# .NG 5, /
CF)' -) )4$ .'BQ P$ )#)&-) )'# ,54/ %$45% / =0,+% -) ')+#.$,
%/.4
$)0,.&%/ ? % +$ ,
%9:. -) 2$ .<
)+# .' +.&< 4&# .' -) %+# ,7,-%-)' )+.&=5, +%' +.52)# ,
#,7%' ) %
?#"(
53#/
$ +..2)$ %9:. )&# $), &'#,
#4,9F)' +,)&# D
(,+%' ) )52$ )'%' U -, $,
0,-% % 4&, 7)$',-%-)'?)52$ )'%'?
%''.+, %9F)' )52$ )'%$,
%,'?+)&# $
.' # )+&./ =0,+.' ).$ 0%&, '5.' 2E;/ ,+.'
3/
#/$!
/<$ @, &%&+, %5)&# .NG? G 5,/CF)' -) )4$ .'BQ P$ .+4$ % 7%/.$ ,
8%$. +.&C)+, 5)&# . &%' ,&'#,#
4,9F)'
+,)&#D(,+%'? +$,%$ )52$ )'%' -) ;%') # )+&./=0, +%? .;# )$ 2$.-4# .' ) ')$ 7,9.' ,&.7%-.$ )' )
+.&# $,
;4, $2%$ %45%54-%&9%-)%# ,#4-)-.' , &7)'# ,0%-.$ )' P.-)5 +%&-, -%# %$'))'# 4-%&# )'?
,&7)'# ,0%-.$)' )2$ .0$%5%' @ '?)# +B ?,&-,7,-4%/ 5)&# ).4)5 )34, 2%

3/
#/$!
/<$ @ @, &%&+, %5)&# .N 5,/CF)' -) )4$ .'B Q +$ ,
%9:. -)'# )' E+/).' -) &7)'# ,0%9:. )
)')&7./ 7, 5)&# . )+&./ =0,+.' &. ')+# .$)52$ )'%$ ,
%/# )5 +.5. .;< )+#,7. +$ ,%$I +.54&, -%-)'
A#(
") *" +.52)# ,# ,
7%'K ?%'')&# )' &%+$ ,%9:. -))34, 2%' -) A 4&,+%5)&# )-)-, +%-%' %%+# ,7,-%-)' -)
3<" !
/6$-=) )&-.0)&), 8%9:. ) -)')&7./ 7,5)&# . -) +.52)# *&+, %' # )+&./ =0,+%' &. , &# )$,
.$ -% )52$ )'%
.&', '#) &% %-5, '':. 2)/ %)52$ )'%-)%# 1# $*' # 1+&, +.' +.5 . ( ,
5 -)+$ ,%$45 &E+/ ). %+# ,7.
-)-)')&7./ 7,5)&# . -)2$ .-4#.?2$ .+)''. .4', '#)5%
@ B "0 @, &%&+, %5)&# .N " 5, /CF)' -) )4$ .'B Q ,&,+,%# ,
7% I ,
&7)'# ,
0%9:. ) -)')&7./ 7,5)&# .
)52$ )'%$ ,
%/%2/ ,+%-.K2$ .+4$ %%2., %$. -)')&7./ 7,5)&# . ))&-.0)&), 8%9:. -)# )+&./ .0, %' 34)
)3 C,
#/) 2)$ 5, #%5 -)')&7./ 7)$&.7.' 2$ .-4# .'?2$ .+)''.' .4', '#)5%' , &%&+, %%# 1 [ -%' -)'2)'%'
)/)0D 7), ' ' ;)&)( ,+,>$,
.' ':. %' )52$ )'%' )%' )&# ,-%-)' -. ', '#)5%+, )&# D
(,+. ) # )+&./ =0, +.
&%+, .&%/ ?%''.+, %-%' 5)-, %&#)45 +.&# $%# . -)+.&'=$ +,.
3)<$-=) @, &%&+, %5)&# .N 5, /
CF)' -) )4$ .'B Q I ','#)5% -) , &+)&# ,7.' H 5.-)$ &,8%9:.
)52$ )'%$ ,
%/ K# )5 +.5. ( ,&%/,
-%-) %2., %$2$ .< )+#.' -) A 34) 7, ')5 . -)')&7./ 7,5)&# . -)
&.7.' 2$ .-4# .'? 2$ .+)''.' .4 ', '# )5%' .4 % , &# $.-49:. -) 5)/ C.$,%' ', 0&, (,+%#,7%' )5
2$.-4# .'?2$ .+)''.' .4', '#)5%' )6, '# )&# )' , &%&+, %5)&# . 5D &,5. -) " 5, /)4$ .' 2%$ %P '
) 5>6, 5. -) "" 5, /)4$ .' 2%$ % &:. P ' ,
$,0) ') % )52$ )'%' -.' ')+# .$)' -% , &-E'# $ ,
%?
+.&'# $49:.?)&)$ 0,%?# $%&'2.$ #)'?+.51$ +,.?# 4$ ,
'5. ) ')$ 7,9.' )52$ )'% 2$ .5.# .$ % 2.-)
'4;+.&# $%# %$.4&:. %45%)&# ,-%-)-.
@ ,
)D"#!
) @, &%&+, %5)&# .N 5,/CF)' -) )4$ .'BQ $ %#% ') -45 ', '#)5% -) , &+)&# ,7.' H $ )%/,8%9:. -)
2$.< )+# .' -) -)5.&'# $%9:. , &,+,%/.4 2$ .< )+#.' 2, /
.# . $ )/%#,7.' % 2$ .-4# .'? 2$ .+)''.' )
"0)3 !
,$*),
" ','#)5%' # )+&./ =0,+.' ,&.7%-.$ )' P$ )# )&-) .;# )$7%/ ,-%9:. , &-4'# $,%/-) &.7%' # )+&./ .0, %'
'4'+)2# D
7), ' -) %2/ ,+%9:.?-)5.&'# $%$7%&# %0)&' )+.&=5, +%' ) -, 74/0%$&.7%' # )+&./ .0, %'
(,
&%&+, %5)&# . 5>6, 5. 1-) " 5, /)4$ .'?2.-)&-. %'+)&-)$%.' ? 5, /CF)' -))4$ .' 2%$ %
% " , $,
0) ')%)52$ )'%'?%''.+, %9F)' )52$ )'%$ ,%,' )%''.+, %9F)' ', &-,+%, '
@, &%&+, %5)&# .N " 5, /CF)' -))4$ .'BQ , &,+,%# ,
7%I &.7%' )52$ )'%' -)'42.$ #)# )+&./ =0, +.K
#)5 +.5. .;< )+#,
7. 2$ .5.7)$ % +$ ,%9:.?%$ $
%&34) ) '4'# )&# %9:. -) &.7%' )52$ )'%' -)
'42.$ #)# )+&./ =0,+. +#4% )'')&+, %/5)&# ) +.5. ( %+, /,
#%-.$-. -, >/.0. ) -% &)0.+, %9:. )&# $)
)52$ ))&-)-.$ )' ) )&# ,-%-)' )'2)+, %/,
8%-%' -) +%2, #%/-) $ ,'+. )5 34) %5;%' %' 2%$ #)'
2.-)5 $ )+.$ $
)$%. ( ,
&%&+, %5)&# . -. 4&-. -) , &-, +%9:. %2, #
%/-) $ ,'+. P P '

"
;)&)(,+,
>$,.' ':. 2)''.%' ', &04/%$)' ) +./)+#,
7%' -)# )&#.$%' -) #)+&./.0,% ) * -1 - 34)
2$.2.&C%5 %+$ ,%9:. )+.&'./ ,
-%9:. -)&.7%' )52$ )'%' -);%')# )+&./=0,+%
%)/
)$/
34,$. P$)#)&-) +$ ,
%$ &.7%' , &($% )'#
$ 4#4$%' )5 >$ )%' -)( ,+,
)&#)5)&# ) +.;)$#%'? ,
&+)&#,7%$ %
$)%/,
8%9:. -) %+# ,7,
-%-)' -) # $%&'()$*&+,% -) # )+&./.0,%? %2., %$ %+#,
7,-%-) -%' )'+./ %'
"!
,'!
',$ #)+&./=0,
+%' ) %2., %$ %' , &($% )'#$4#4$%' -. PS @ , '#)5% P.$ #404*' -) S4%/,-%-)B '
!
"#3)(
C6/
#$ 1*$ ;)&)(,+,
>$,.' ':. +)&# $.' # )+&./=0,+.'? +)&#$.' -) # $%&'()$*&+,% -) # )+&./
.0,%? 2%$34)'
#)+&./=0,
+.'?+)&# $
.' -), &+4;%9:. -) ;%')# )+&./=0,+%?)'+./ %' #
)+&./=0,+%' ))&#,-%-)' +.5
4
),0$-=) "*$
,
&($% )'#$4#4$%' %+$)-,#
%-%' &. V5;, #
. -. PS
E'$(
/*$*"
9 F)<"0 $%#% ') -45% , &,+,%#,
7% 34) 2$ )# )&-) %2., %$ % ,&')$9:. -) < .7)&' +.5 34%/ ,(,
+%9F)'
'42)$,.$)' )5 >$)%' +,)&#D(
,+%' &%, &.7%9:. )-)')&7./ 7,
5)&# . )52$ )'%$,%/&%' P '
%)/
)G/
3 ",-=) *" @,&%&+,%5)&# .N 5,/CF)' -) )4$ .'B Q .;<)+#
,7. 1 % ,&')$ 9:. -) $ )+4$'.' C45%&.'
%/#
%5)&# ) 34%/,(,
+%-.' @ -.4#.$ )' ) 5)'# $)'B &%' )52$ )'%' ) +)&# $
.' # )+&./
=0,+.' 2%$ %
*)'!
)," "0" !
," )6)$+)$)5 ( 4&9F)' 34) )6, 0)5 %4# .&.5, % ) +%2%+,
-%-) -) ,&7)'# ,
0%9:. ) -)')&7./ 7,5)&#.?
3$ "0%,
"$ " +.5 . .;< )+#,
7. -) 2$ .5.7)$ % , &.7%9:. ) %45)&# %$% +.52)# ,#,
7,-%-) -%' )52$ )'%'
(,
&%&+,%5)&# . 5>6, 5. 1 -) " G )4$ .' 2.$-.4# .$) -) " !" )4$ .' 2.$5)'# $) '
3!
/!'/
-7"
;)&)(,+,
>$,.' ':. %' )52$ )'%' )%' )&# ,-%-)' -. +.5 "
*)
%)/
)G/
3 ",-=) *" @,&%&+,%5)&# .N 5, /CF)' -) )4$ .'B Q (,
&%/,
-%-) -)'#% 5)-,
-% 1 ,&+)&#,
7%$. )52$)0.
+,
)&#D(
,+. )#)+&./=0,
+. %#$
%71' -%, &')$9:. -)-.4# .$
)' )5 +,
*&+,
%)# )+&./.0,
%&%' )52$
)'%'?
*)'!
)," 3$ +)&#$
.' #)+&./=0,
+.' )%''.+,%9F)' )52$ )'%$,
%,' (,
&%&+,
%5)&#. 5>6,5. 1-) " G )4$.'
"0%,
"$ 2.$-.4# .$
)'!
),$0"3!
) "0 $
%#% ') -) (.$5%9:. %7%&9%-% )5 %5;,
)&#) )52$)'%$,%/)5 2$.<)+#.' -) ,
&#)$)'') 2%$%%
)52$)'%?)5 +..2)$ %9:. +.5 45%4&,7)$
',-%-)?)+4<.' $)'4/
#%-.' 2)$5,#%5 %. ,
&7)'#,0%-.$
0+/
"3!
" %.;#)&9:. -. 0$%4-)-.4# .$
0%,
" $,/
$(
I,'#)5% -) &+)&# ,
7.' H # ,/
,8%9:. -% P$.2$,
)-%-) &-4'# $,
%/K 7,
'% 2$.5.7)$ . 4'. -%
2$.2$,)-%-),&-4'#$,
%/2)/%' )52$)'%'
/
"3!
&4/
#) ()$)+)H' )52$ )'%' 2.$#
404)'%' 45%;%')-)-%-.' -)2)$ (
,' -)+%&-, -%#
.' 34%/
,(
,+%-.' 34)
2$)#)&-%5 -)')&7./ 7)$+%$$),
$% )5 %5;, )&#) )52$)'%$
,%/
?2$.5.7)&-. . )52$ )0. +,)&#D
(,
+.
&%' )52$ )'%'

5 %'2)+#. %34,&:. +.&#)52/%-. 5%' 34) ,


&)7,#%7)/
5)&# ) -)7)$> ')$#,
-. )5 +.&',
-)$%9:. 1 .
-%+..$-)&%9:. .4-%, &#)0$
%9:. -.' %;,&)#)' -) 2., . HP$.2$ ,
)-%-) &# )/
)+#4%/@ P 'B+.5 %'
' +.52/ )5)&#%$,
-%-)-%' %+#,
7,-%-)' -)')&7./7,-%' 2)/.' P )2)/ %' ' %+.&')/
C%
34))'#%34)'# :. -)7%')$)'#4-%-%-)( .$
5%%)7, #%$-42/ ,
+%9F)' )$,7%/,
-%-)' )&#$
))&#,
-%-)'

P.-)5.' # )&# %$+ %$%+#)$ ,


8%$.' 2.&# .' (.$#)' ) ($%+.' -) P.$#40%/&% >$ )% -% #
$%&'()$ *&+,% -)
#)+&./
.0, % 4'%&-. 45% '1$ ,
) -) ,&-,+%-.$)' $)/)7%&#)' -. 34' 5 / 6 *
-) "" 5 # )$5.' -) +.52)# ,#
,7,
-%-)?P.$ #40%/)&+.&# $
% ') )5 /
40%$-) 45 .$ -)&%5)&# .
-) " 2%D ')' ) $ )0,F)' ,04$% %2$)')&# % %/
04&' , &-,+%-.$ )' 2$=6,
5.' H 34)'# :. -%
#$%&'(
)$*&+, %-)# )+&./.0,% ;')$ 7%5.' 34)?%2)'%$-)P.$ #40%/)'# %$5)/ C.$+/%'',(
,+%-. 34%&# .
H 2$.#)+9:. -% 2$ .2$ ,
)-%-) ,&#)/)+#4%/?%. &E5)$ . -) 2%#)&#)' ) 5)'5. %. 0%'# . #.#%/)5 A
?. &.''. 2%D ' )&+.&#$% ') %;%,6. 51-, % 34%&#. H+ %2%+,-%-) -) I#
$%&'()$ *&+,% -)
#)+&./
.0, %K) ( $%&+%5)&# ) 5%/+/%'',(,
+%-. &.' D &-,
+)' -) I)52$ ))&-)-.$ ,
'5.K) I +%2%+, -%-) -)
%-%2#%9:. -%' )52$ )'%' %. 5)$ +%-.K ?.&-) 1 2, .$+/%'',
(,+%-. )&# $) .' " 2%D')' ) $ )0,F)' -.
54&-.
,
04$
% Q P.',
9:. -)P.$
#40%/&45 .$
-)&%5)&#
. -) " 2%D
')' )$
)0,
F)' -)#
.-. 54&-.

"
G
"
+)
&-,

"
\

"

"
%
*&+,

%
%/)5

)'
.2
%9:.
'5.

+%

#
)'%'

)&#
A 2)$+%2,
%/
=0,

)+9:. P$

0.$
,

,
%2 -%2#
))&-)-.$

)$

$
-%' )52$

-)2%#
.#
)+&./

&-4'#

)5 7,
%&'(

.' #
%'#
$

.#
P$
52$

4#$
.' -%-.' -),&#
)$)'')N )'2)'%#.#%/)5 A +.5. [ -. P N ! TP)''.%/-) A &%' )52$
)'%'N T E5)$
. -)
2%#
)&#)'N G TP$.-4#,
7,-%-)-%' 2%#
)&#
)'N
)'#4-. -) %7%/ ,
%9:. -. 2.# )&+,%/)52$ ))&-)-.$)5 P.$ #
40%/?$)%/ ,
8%-. )5 "" &. V5;, #. &.
I/ .;%/ &# )$2$)&)4$ 'C,2' .-)/ K?%2.&#%# %5;15 %/ 045%' +.&-, +,.&%&# )' %. )52$ ))&-)-.$ ,
'5.
)5 P.$ #
40%/@ )&# $) .4# $%'B 34) +%)5 &. V5;, #
. -%' 2$ ).+42%9F)' -)'# ) +%2D #4/.N %2)'%$ -)
)6,'#,
$45% +.&'+, )&+,%/,8%9:. 2.$2%$ #) -. .7)$ &. -%' &)+)'',-%-)' -.' )52$ ))&-)-.$ )'?%
5.$ .',-%-) -. %2%$ )/C. ;4$ .+$>#,
+. $)'4/#% &45% , &)(,+,
)&#) ,&# )$
%+9:. )&# $) %' %0*&+, %'
0.7)$ &%5)&# %,' ).' )52$ ))&-)-.$ )'T%2)'%$-))6, '#,$45%;.%2$ >#,
+%-) A )5 P.$ #40%/ ?%'
/,
0%9F)' )&# $
)%' .$ 0%&, 8%9F)' -) A )%' .$ 0%&,8%9F)' 34)2.-)$ ,%5 +.5)$ +,%/,
8%$&.7%' , -),%'
':. )'+%''%' ) +%$ )+)5 -) 5)/ C.$,
%' )/%#,7%5)&# ) H 34)'# :. -% # $
%&'( )$ *&+,% -) #)+&./.0,%?
2.-) / )$') &. +%2D #4/. 34) / C) 1 -)-, +%-. @ I
# $
%&'( )$*&+,% -) $)'4/ #%-.' -) , &7)'#,0%9:. )
-)')&7./ 7,
5)&# .KB34) I .' )'2)+, %/
,'#
%' P.$#404)')' +.&', -)$%5 34) .' $ )'4/#%-.' -) A &:.
)'#:. % ')$ # $%&'()$,-.' -) 45 5.-. )( ,+,)&#))$ %+,
.&%/K ) &%' +.&+/ 4'F)' 34) I 54, #.'
)'2)+,%/,
'#%' '%/,)&#%$%5 %)6, '#*&+,%-) A %-)34%-%)5 P.$ #40%/ .&# 4-.?%' / ,0%9F)' )&#$)%'
7>$,%' .$0%&,8%9F)' 34) 2$ .2.$+,.&%5 % A ?+.5. .' +)&# $.' -) 2)'34, '% ) %' 4&, 7)$',
-%-)'?
+.5 %' )&# ,
-%-)' 34)2$ .+4$%5 + .5)$ +,
%/,
8%$.' $ )'4/#%-.' -) A ( .,+%$ %+#)$,8%-%+.5. ( $>0,/)
'4'+)2# D
7)/-)5)/ C.$,%'K

4, #
%' )52$ )'%' #*5 34), 6%' -. %+# 4%/','#)5%?')&-. %' 5%, ' ($
)34)&# )' %' ')04,&#)'N34) %'
,&,+,%#,7%' -) %2., . 2E;/,+. ':. 5E/ #
,2/%' ) &)5 ')52$ )1( >+,/#)$+.&C)+, 5)&# . -% I2.$#% -)
)&# $%-%K &. ', '#
)5%T 34) ') 7)$ ,
(,+%5 %/ #)$%9F)' -)5%', %-. ($)34)&# )' %. /)34) -) 5)-, -%'
)6, '#)&# )'T34) % %7%/ ,
%9:. -%' +%&-, -%#4$%' %.' %2.,.' 2E;/,+.' 1 54,#. 5.$ .'%?%'', 5 +.5. %
-,'2.&, ;,/
,8%9:. -.' ( 4&-.' %2=' 45% )7)&# 4%/%2$ .7%9:.T 34) )6, '#) -,(,
+4/-%-) )5 .;# )$
+.&C)+, 5)&# . '.;$ ) .' E/ #,
5.' %7%&9.' # )+&./=0,+.' ) # )+&./.0,%' -,'2.&D7),'T 34) )6,'#)5
-,(,+4/-%-)' -) $ )/
%+,.&%5)&# . +.5 %' 4&, 7)$ ',
-%-)'?-%-%' %' ( .$#)' -,(
)$)&9%' +4/ #4$
%,'?-)
/,
&04%0)5?-) +452$ ,
5)&# .' -) 2$%8.' ) -) $ )+.&C)+,5)&# . -%' &)+)'',-%-)' -% , &-E'#$
,%?34)
%' # .$&%5 2.4+. %# $
%)&# )' +.5. (.&# )-)+.&C)+, 5)&# . %34)$ )+.$$)$
!

"

"

# $

2
!"#$ % "& ' (!% !"$"& "() #*& " # "$ "("(% !"$"('% ' &"(% ! " %(%&
" "& # * #(% ! $"& # "$ $!" "+*"( " &,! !&"($-% ./ $0 %$ $ !%$ (!%$!
&,# . 01 $ (%' $ "& # "$ $ 2& $!% &* % & $ "3 4"$ #
%'" # $ (%' $
% %#*(! !"$ # % %# %( ! $ "% ' (5% " (% 67 % !% +*" (%$ # "$ ("$ 8 $"$ !
"$$"( &"(" %#!* $# 49"$: 3";< ! !"!% &"# !% <%# +* 3 !% " !% &"# !% !"
!"#$ % (8
'" "*#% "*1'=# $ ($ *59"$."& # * # %& $$-% *# % " "% *(!%
*#% "* !" ('"$ &"(%0 2& ($$ !% $%<# " (" "$$! !" !" !"$"('% '"# "$ 3 %#& !"
3( ( &"(% &<,& $# ,7 !" $<% 1 %&% 3 % #
"!"3(! " %& $$-% *# % " "&
<# !"$" (%1 %( % "$$% ! $ / $ % 3( ( &"(% %&% *& #%#! !"
%( #" &"("1*& ! $ () $!"%#"( 5-% .>() $!"%#"( 5-% ("7# ! $( ?@0A 3# & %
$"7*(":

> %& % %<B " '% !" # %&%'"#*& * *# & $"& # ""(!"!%# " # #*& &<"("
3'%# ='" C$ / $1%& &' ()%&* +,-. %& )+/+. 0% ,+1 2%.(. % (3+&&% )+&'(& (%
456(635 (,+6' %7()(8' (.%&&5 &'+,(&4 5&3(5&1#
"3%#5 #% % "( (%' !%#! $/ $
"3 %#(" "# (3%#& 5-% # ""' (" " $"# '5%$!" % %1!" &%!% "( %# B# # 5-% "
#"$ &"(% !" !" %# !% %& # ! $/ $ /%#%*# % !%1%$ $ !%$
"&<# %$!"'"# -% #"3
%# 5 # "!* 5-% "3 %#& 5-% "& "& # ""(!"!%#$&% & &'()%&*
+,-. %& )+/+. 0% ' (,-9, 4 (351
5'(. ( '.
(6&4+.:635( )+ 8. %8.5+)()+7. +/+. (
1+;5&1(<0% . +1(' 5
/( ( 4 (1:635
(& + ,+1 2%.(. %& 8. %3+)5,+6' %& .+1('5
/%& (%
&(6+(,+6' % +. ++&'.='=. (<0% )(&+,8. +&(&@D

# *# % " ! $/"+*"( $ & # "$ $1!"3(! &<,& "& AEEE %&% %#% =#% ! $# ,7
!" $<% 1#"3%#5 "$ !" 134"(!% % %& # %& $$% !" >&")%##% "$$
% % 3( ( &"(% %
%(7% !" %!% % % !" ' ! ! $"& #
"$ $@1"& # * #( $$* $3$"$ ( $ % $" %#!%
!"#$ %1 $!3"#"("$3$ "$!% % !" ('"$ &"( % $-% $!"$# $( <"

<" F $"$!" ('"$ &"(% "& !"#$ %


(&+
.$"&"( "0 %* ( ( &"(% %& % %<B" '% !" !"$"('% '"#*& %( " %1*& # %!*%
( %*% ! +*" )", $$% !% "& #"$ ,7"# &"( "&* %
(%' . "# !" (%0 " (! (-% ( %* #%!*5-% !"<"($%* $"#' 5%$
%& 3($ %&"# $ %($ *5-% ! !& ($#5-% ! "& # "$ "$=
(! "& *#
$%
( ( &"(% (*& 3$" "& +*" $ !"$ "$ $ ( $ !" #%!*5-% "
& #G" (7 B
=3%#& # " 4 ! $1 $"(!% 7%# (" "$$=#%$ ('"$ &"(%$
! %( $ "$ 3$" !& ($#5-% ! "& # "$ B = "$= * #"&
"(%11"&<%# % ("76 % %$$ (! (-% $"## "( ='"
( ( &"(% %& % %<B " '% !" %(#<*# # "; ($-% !
' ! !"! "& #
"$ "7# 7"# 1& #
G" (7"'"(! $ #
%7#!"& <%&
# &% ("$ 3$" "& #"$ %!"#= (! (-% "$ # 7"## * #
%$
( ( &"(% 3
" % %& % %<B" '% !" %(#<*# # *& "; ($-% "&
7#(!" "$ ! "& # "$ 1 (*& *# "& +*" $ '"(! $ "$-%
*&"( #"% " # "$="& ! %* 7"#&"(" %$ '%
( ( &"(% %& % %<B " '% !" *& +*$5-% "$# ,7 !" %* #$
() $!" #
%!*5-% %* "& #
"$ $1%* (! +*$5-% % %* # !
"& #"$ " $* !& ($#5-% %* % <%#!%# "$ .
0
%( ": ( (! %#*( "$ 7"( H. ! !%0

7"#
<"#71I1 %J"#H1 1 "$%(1 .AEE?01> )" ;3
%#! (!<%%G%3 ((%' %(@1 ;3
%#! ('"#
$ H/#
"$$
A
%($")% *#% "*> %*( " %&&"(! %( %( )" #% ! *!" ("$3
%# )" %(%& /% "$%3 "&<"# "$ (!
)" %&&*( H.AEE? EK0@
D
#!*5-% #6#

3
" %! $ $ ($ *59"$"*# % " $3 %#& &%< 4 ! $ # +*"$-% !% 3( ( &"(% ! $/ $1
*& "& # * #' * % > % % / $ " (%' 5-%@ %#( #$" $"* "& :% *(!% *# % "* !"
('"$ &"(% . 0 =$1 % # 6 #% ( % *#% "* !" ('"$ &"(% . 01 # ! %( &"("
'% %( !% # $7# (!"$"& # "$ $1!"! "$ " "(5-% C+*"$-% (% $"*& (! % *

'"(!% %('"#72( "(# " ($ *59"$"*# % " $" ( %( $$%<# " & %#L( !% !"
#$ % ."("(!!% %&% $ " (-% $6 01 & %# # ""&<## %$ $"*$
<"("38 %$ " %(6& %$ " $ % $1 %&% ('"$ 7 !%$ " M N: 0 "& # "7%: OEP ! $
"& # "$ $ #" "("$ !" !" #$% *&"( # & % (Q&"# % !" % <%#!%# "$ 7# (!"
& %# ! $ "& # "$ $ () &"(%$ !" ?E "& # "7 !%$ +* (!% % ('"$ &"(% 3 % 3" % "1"&
&,! 1% (Q&"# % !" (%'%$ % <%#!%#"$3 % !" N 1%* $"B *& !* 5-%R<0 ' < ! !":SAP
! $"& # "$ $"& 3$" " 3#&%*+*"$"& !"#$% (-% "# ";$ !% O?P !%
% . ( *(!% $"& # "$ $"& 3$"!"> "; ($-%@0 !$$"# & +*"% ('"$ &"(% 3 % # * #
$* ";$2( 1 ' < ! !" " $* "$$ %R 0 # "$ &"(%: & %# ! $ "& # "$ $ * 4 %
('"$ &"(% # 3( ( # $!"$ "$ $!" T 1& # G" (7"3 %#& 5-%1% +*" %#$"* *# (% "'
& %# %& " ' ! !"R!0 #"# ' :% %(#<*% !% !" #$ % (-% , $6 3( ( "#%
"('% ' &"(% !%$ #"# %$ , !% %&% Q "& "# &%$ !" %($") &"(% "$# ,7 % " !"
7"$-%1<"& %&% "& "# &%$!" #"!< ! !""!"% %#*(! !"$!" # !

"$ #!"$" # #!*& 3%#& !"3( ( &"(% # * 1% !"#$% "& /%#*7 "( %(#
$" (! *& !%$& $< ;%$(8'"$"*#% "*$1 *& "#
5% !%$(8
'"$&,!%$! .'"#37*#
0:EEOP !% / %& # !% %& EAOP ( &,! !

7*# ('"$ &"( % "*#


% "*"& !"#$ % ."& P !% / 0
Reino Unido 0,86
Suécia
Finlândia
Europa 0,285
França
Holanda
Itália
Dinamarca
Irlanda
Espanha 0,18
Noruega
Alemanha
Bélgica
Portugal 0,09
Suíca
Polónia
Áustria
Hungria
República Checa %(": M .AEEN0
Grécia
Eslováquia

0 0,1 0,2 0,3 0,4 0,5 0,6 0,7 0,8 0,9 1

& /%#*7 1"& 3( $!" AEEN1) ' "# !" O E & )9"$!" "*# %$"& 3 *(!%$!" !"
#$ % .'"# 37*# A01% +*" #"# "$
"(%* *& # "$ &"(% !" DEP 3 " % (% ("#%# %
('"$ &"(% % #" 4 !% "& AEEN1% #( ('"$ !%#3% % $ !% . DP %* AN & )9"$!"
"*#%$ # %;& ! &"("0 "% $"* !# -% "& "#&%$!"$" %# "$(-% 3 % "( %# B!%# : " (% %7 $
!" (3 %#
& 5-% . P01 %&*( 59"$ .DP0 " $ Q!" . P0 "# 34"#& "( $ P !% % .'"#
37*# D01 "(!% !%& ( !% % $" %#!%$<"($!" %($*&% "$"# ' 5%$.NAP0 "$ #!%$<"($!"
%($*&% " $"#' 5%$ $"#
"& &<,& # " %(!"# ("$ (%$ #"$ ("$ 8 $"$ "*#% "*$1 ";$"&
!3"#"(5 $$7(3 ' $: $ " (% %7 $!" (3 %#
& 5-% #"# "$"( & P1 $ %&*( 59"$1 NP "
$ Q!"S1 ?P

N
*#
% " ( /#' " +* HT M"( *#
" $$% %( .AEEA01> *#
'"H%3 )" %(%& (! % & %3M"( *#
"
( *# % "@

4
" (% #+*"% $" %#! <% " (% %7 1+*"(-% #" "<"* ("()*& ('"$ &"(% (% "# 8%!% AEEE
AEEA1#"#"$"(%* 1KP !% &%( ( " % "& AEED " ?1 SP "& AEEN .%* $"B N1
D & )9"$!"
"*#%$0 "7*(!% / 1"$" ('"$ &"(% 3
% #" 4 !% "& "# S?P "% $ !% "% (Q&"# %
!" "& #"$ $ #
" "("$ $$%* !" A S1 *& "(!2( +*"1 %($% ! #$"1 !"'"#= $"#
%($!"#! %$ '

7*# AF '%$$%<7"$-% "(Q&"#


% !"% "#!%#
"$"& /%#*7 .AEED "AEEN0

1200 25

activos sob gestão (EUR mn)


nº de operadores
1000 20
20

960

800
15
15

600 672

10

400

5
200

0 0
2003 2004

%( ": /

U* (% % .%* $"B1% &%( (" # " &"(" ('"$ !% ( $ "& #"$ $ F " (-%
"( $!$ %(8 '" # ('"$ &"(%01"$"# "7#"!*"& AEEN1% +*" %!" (! #*& %& $$% !"
"$ "# %#<% $% %#*(! !"$!"("76 % &%( ("!"$",1 "$ #! "(!2( !""'% *5-%
%$ ' !"$ !" OOO1 (! &* % # "!*4!% #
" ' &"( " %$ !# 9"$!%$ &"# !%$3( ( "# %$
!"$"('% ' !%$1 %& "# !" NDA & )9"$ !" "*#%$1%* $"B E1DP !% % "*#
% "* . ? &
& )9"$!""*# %$0

7*# DF " %#
"$!" ('"$ &"(% .AEEN0

(3
%#&= %&*( 59"$
P DP

Q!"
P
"#
'5%$.%*#
%$0
A P
T (!*$# $
OP

("#
7
P

"($!" %($*&%
A P

*#
%$
DP

(!Q$# .%* #
%$0
?P

%(": /

5
/ (% " (% 67 % "& $ *<B "(" *& 67 !" #
"%#"( 5-% !" 3*(!%$ Q< %$ 3'%#! $
( ' $3'%# ='"$C (%' 5-% "& # "B*8
4% !%$ %(%$ ! ("!"$"('% ' !%$$%<# " !"
#$ % " $%<#" % $$"& !" 7 #( $ &Q * $1 & %# %&"5 # %##"3"##+*" % (%'% /
./#%7# & !" ( "( '%$ C %!"# (! !" ! %(%& 017"#!% "% ($,#% ! %(%& "
(%' 5-% %("& '=# $ ( ' $ %& *& 67 $*<B "(" $"&") (" V1 =$1 ("(5-%
# !% #"3
"#!% ($,#%1% # " () &"(% !% / %& %$%<B" '%$!% / (% " (% 67 %1
# ,& !%$ %($ 7# !%$ # % 6$ %$ !" #" (5 # % ('"$ &"(% "& # "$ # " # "3%#5#
%& " ' ! !"! $"& # "$ $

$$&1 $ () $7"# $!" 5-% !% / #


"'2"& % # "3
%#5% !%$&"%$3( ( "# %$!$ %(8'"$
'% %( !%$ # % # "$ &"(% < $" !% ( (%' 5-%1 ""# 5-% ! #%' 5-% !%$ ( "( '%$
"! ";" *5-% !%$ #
%B" %$1 $& 3 5-% !%$ # % "$$%$!"!" $-% ("# (%$" ! 5-% !%$
( "( '%$C$(" "$$! !"$"$ " 8
3 $!" $" %# "$."; 2; 1 5 !%1"("# 7 "6 01# "79"$%*
&"# !%$."; $ () 0 $#" *#$%$3( ( "#%$"('% ' !%$$7(3 & N1 & & )9"$!" "*# %$
!" ('"$ &"(%1!%$ +* $ 1 ? & & )9"$ !" "*# %$ !" 3( ( &"(% Q< % " D1 &
& )9"$!" 3( ( &"(% #' !% <" A &%$# #" # 5-% !"$"$#" *#$%$3( ( "# %$
%#=#" !" %& " ' ! !" % "( #

<" A ('"$ &"(% %#=#


" $!" %& " ' ! !".AEE? AEE 0

! " # "

$ %&

' (" "))


%(": ($,#% ! %(%& " (%' 5-%

" ' &"("C #( () !" 5-%1+*" # %&%'" "$ " 3 &"(" (%' 5-% . #!*4(!%
$" %# ??P !% 3( ( &"(% % 1 %* $"B A ?S & & )9"$01 #""(!" $" %#"( # %
('"$ &"(% "& # "$ # # =#" $ #%# =# $1 #',$!" %( *# $
%$!"$"" 5-% # 6 #%$ ,
% $% !%$ ('"$ &"(%$"& !%&8(%$ #%# =#%$."; "6 %1"& #""(!"!%#$&% !"< $"
" (% 67 01!%$ ('"$ &"( %$"& # %!*%$ *#
8$ %$"$# ,7 %$"! $ 59"$!" # "$"(5 ! $
/ $( " %(%& !7 /#""(!" $" &<,& # "3%#
5 #% 3( ( &"(% ! T ( $"& #"$ $
* 4 (!% *& $*<$8 !% (-% #""&<% $='" " $$ "7*## %$ % %$ C (%' 5-% "& #"$ # " C
#
% #"! !" (!*$# "& %!% % 8
$

*& %(";% &*(! "& +*"% # "$ &"(% ! $"& #


"$ $ "& $*<B "("*& (8'" !" (%' 5-%
%($ (" " ""#!%1 $7# (!"$"& #"$ $(%#" &"# ( $" "*# % " $ 2& #% *# !% "$ #

6
#6;& $ ! $ "+*"( $ "& # "$ $ " (% 67 $ " (%' !%# $ " *& &%!% 7"# 1 "$ $ (-%
%( %# #
"& %& ' ! !" #( ! $ 7# (!"$ "& #"$ $1& $ %!"& #4"# )" <"("3 8 %$
(!# " %$ %# (%' # "& "& $" %# "$+*" )" $-% # " %( !%$ $$&1*& ,
*& 3 %#& !" !"#$ %? "*& 3 %(" ("# "$$ ("!"3( ( &"(% C$/ $ (%' !%#$ $
' ( 7"($ $-% '=# $ # &< $ $ #"$ "& #"$ ('"$ !%# %<,& # %;& ! !" !" *&
&<"(" & $ # % 8 % C (%' 5-% !% +*"% ! # 6 # "& # "$ 1!"' !% C $* & %#!&"($-% "
& %# # % "($-% C <*# % # 4 5-%1% +*" )" %(3 "#
" ' ( 7"($ %& " ' $ (8 '" &*(!
"& # "$ ('"$ ! <"("3 $%<# "*!% !% "$$% " *& %($ # '%1+*" )"
##= %()" &"(%$3( ( "# %$" !" 7"$-% / # ,& !$$%1"$" %($ , 3 #
"+*"( "&"("
*& "( " & %# ( "( 3$" ( ! ' ! ! "& # "$

<" DF 7*($";"& %$!">%# %# "'"( *#


"$@ &*(! $

,8.+&(*,0+ .(<% )+ ,8.+&(& >.+(&)+ 3'5


/%& 3'5
/%&8%. (?
&
3%.8%.('
+ 8(.
'535
8()(& 5
6/+&'
5,+6'% '%'(5
& +,8.+&(
/+6'
=.+
"# "# #& 7("1 #H $ 7"" W A E E? J (
" )(% %7H %# ("1 $%31 #
%B" %$!" &(. ? &(.A?
M"( *#"$ )"#& 1 '' 1 $%3J #
"") # !J #" DAE&(0 "& #"$ $
"($ <"1 (%' !%#"$ # ! $0
" #*<"1"
"* $ )" M"( *#
"$ " # "J%# G$1 (! # 71 X X . "& ()
""G%& ;;%1 ""&6'"$1$"#' 5%$1 "& #
"$ $
.!"$!" OOS0
(!& $1 ' $ #1 >!$# * '" # ! $0
*"3 %# H1 " (% %7"$@
%#"&"! 1"
#( " "" %& ((%' %& " "( #
";1 #H$ 7" #!J # " X N &( #(5
) " * ( ("1 "$%3J #"!"
.!"$!" OKK0
H("%1 #
%( 1 "" %&*( 59"$1
Y"G%%1 )G1" $"#' 5%$1
%& %("("$
(" (" "#
%$ %* 1 % <#
H$1 NEP "& $""! N <( N &(
"" %&1 / " (% %7 1 . NO . EEE
.!"$!" OO 0
& # %7G1 %&*( 59"$1 & & )9"$0 "& #"$ $
1 " (%; %& * (7 # ! $0
" )(% %7"$1"
* "( * "( $ ( "J%# G$1 ";%*!" ('"$ #"& X X .?A
" )(% %7"$ M"(*#" %< " 1 "J%# G (%' $"& #"$ $ 6 "& #
"$ $
/ #("#
$ /)H$ $1 % 1 % $+*" "& "& # ! $0
("#1 (!J !) #"# %3J # "
.!"$!" OOK0
O1" (3
# "$#**#$1
$"& %(!*%# "$"
$"#' 5%$
%' # $ %' # $ )"#' ( ". 01 $$"( &"("$ # ?E&( A S &( *8
5
M"( *#
" *(!$ #($3 %#& /) #
& * $*('"#$ =# $" [ EE
. 01M# %(. Y01 $ ( %3
3$! %' # $ &(. "#
.!"$!" OO 0
M / ( . 01 Z#" ! $ Q!" !" D?K
#
"( !". 01 &( 0 "&
7"("%(. 0 " DA
"& #"$ $
"&"($ "&"($ *$#1 "! #;1 # * $"3 *(!%$!" EE N &( "& ()
M"(*#" !"#$ % &(
3
3 "( "J%#G$1
(3
%#& 5-%1
< ;1
%&*( 5-%1
' #%(1 #
!"#
%$1 % *59"$ ,! $1"
%'"7 1" "7*#(5

%( ": "$'"(*#
"" (! !"!" %%#
!"( 5-% !% / (% " (% 67 %

?
%( M"(*# " $$% %( !"3(" >%# %# " '"(*#(7@ %&% *& 3 %#& !" ('"$ &"(% !# " % "&
"& # "$ $ %# #" !" %* #$+*" (-% $"B& ! =# " 3( ( "# '"8*% !" ('"$ &"(%1(%# & &"(" *& 3
*(!%1
#
% *# % %#*(! !"$ !" ('"$ &"(% %(7# *"("$ %& " (% %7 "$# ,7 !% %($ !" &%!% 7"##
$("# 7 $%*!& (*5-% !" *$%$ # "(!< ! !"!% ('"$ &"(% %!"(-% $"#% #( %<B" '% !% %($ 1& $
$& ! !" !" (%' 5-%1 %(# # &"(" % ('"$ &"( % 3 " % %#$% "! !"$ 7"$%#$!" !" #$ % %
$% !"$ $1%$&%( ("$ ('"$ !%$ # %'2& "& 7"# !" "#"# %$1"(+* (% +*" (% $% ! $ 1%
&%( ( " "#"( "C # 6 # "& # "$
%& #& $" %##
"3"#
2( %$$"7*("$ L&<%$. K 7%$% AEE?0: X \ ADSN " X \ ??OE

7
(&+&'
=)@ 4
=6)% %/(.
'5& +6'
=.+

# !% "& OO # 34"#3 " C$ 8


! !" "( $ $" ('"$ 7 !%#
"$! $% "! !" "& <*$
!" & %##
"%#
(% 3( ( "#
% " (!" "(!2( !" # < )% ( $$* $ #
6 # $"& #
"$ $1% 3
*(!%
%' # $ B
= ('"$ * "# !" D?K & )9"$ "*#
%$ "& DA "& #
"$ $ ! =#
" ! $ 2( $!
$ Q!" & $$-% !% 3
*(!% > %' # $ M"( *#
"@ , % #( ' $ "& #
"$ # $ (%' !%# $1
"$ " &"( " ( =#
" ! $ Q!"1 "(!% $" % %<B
" % !" ('"$ &"( % #
7 !%
*('"#
$ =# $ "1"& &"(%# "$ 1 "& #
"$ $ & !*#$ !% &"$&% $" %# & %# !%$
('"$ &"( %$ , 3
"% ( *8
5 .NSP !% &%( ( " ('"$ !%0 " (%$ .D P01& $ %* #
%$
8
$"$ 2& <"("3 !% !"$" 3
*(!% . "& () 1Z*$# 1 "(% (!%1 (7 *#0 $& $"
+*"& $!" SEE %$%$!" # < )% "() & $!% 7"# !%$ %& "$"$ ('"$ &"( %$

Investimento efectuado (em milhões Número de empresas (por tipo)

EUR) BioVenture
BioVentu Spin-offs 20%
re 20%
Spin-offs
28%
46%

Start-ups
34%
Start-ups
52%

/ # %' # $1 "$" , *& &"% # "$ # "#% ! !"$ %<"# "(8


3 &,! 1
$&* (" &"( " <"("3 (!% !%$ $"*$ #
"$* !%$ . $% ,1* 4 (!% %$ %&"# &"( "0 "
<"("3 (!% $"& #
"$ $"& +*" ('"$". # ',$!% !$ %(< 4 !% " ! # ) !%$
%()" &"( %$!"7"$-%0

8
Investim édio m édio por tipo de em presa (em m ilhões EUR)

5 5
4
4

2
1
1

0
Spin-offs BioVenture Start-ups

& AEEN13
%# & ('"$ !%$ ?D & )9"$ !" "*#
%$1!%$ +* $ E & )9"$ "& $"$ (%' $
"& #
"$ $" % #
"$ (" "& ('"$ &"( %$ ! %( $.>
3% %J %(@0 $=#
" $!" ('"$ &"( %
$*<!' !"& $""& "# 2* $" 3
%#& $X
$"#
' 5%$:

!
" # $
" % $
"
&

& ! $ (%' $ "& #


"$ $1 H&" $1 , *& ! ('"#
$! !" !" ]*#+*" +*"
!"$"('% '" & ("$ #
!%' $ * #
"$ +*" * 4 & %()" &"( %$ !" "(7"() # !%$
" !%$ #&"# 5-% !%$#
"$* !%$!% # < )% !" ('"$ 7 5-% $"#
=% # &"( %
!" & 3
%#& 59"$ %(7,( $ ! $ '='* $ *&%( #
"$ "& # (5 $ %!%$ %$ (%$ $-%
% "# ! $ %# 5-% <"#% D?EE # (5 $ +*" !" "& !"$ !%"(5 1!" &%!% +*" $"
& ( " *& '='* #3 $ "#
= !" $"# $*<$ *8
! '=# $ '"4"$ !*#(" %
#
"$ &"( % ! $ # (5 $ " (% %7 !"$"('% ' ! " H&" $"' #
= (" "$$! !" !"
&Q $1 #
#$ ! $ " # $ % "#59"$ % %(7% !%$ (%$13
%#(" "(!% )"$ *& $% *5-%
"#
& ("(" # % $"*!"3
" % %(7,( %

% %( % !" ' $ 3( ( "#


%1 &<,& "& AEEN 3
%# & "3
" * !%$ %& $* "$$% #
2$
/ $(% U: H"" ) /) #
& "* $. / "' ( %* D ? & )9"$"
SEO & )9"$ ( $"7*(! 3$"01 !"(; /) #
& "* $. DA & )9"$0 "
)"# ' ( ". E& )9"$0 & "#
&%$!""'% *5-% #
" "( "1(%$Q &%$ A &"$"$
. 7%$% AEEN 7%$% !"AEE?01 % 5-% ! H"" )/) #
& "* $ "#
!"* DP "
! !"(;/) #
& "* $' %#4%* SDP U* ( % C! )"# ' ( "1 #
%7#
"!* NAP
!"$!" %'"&<#
%. *# !% / 0

%& ' ###( ( (

9
"(+* !# &"(% 3$ ! $ $% "! !"$ !" !" #$ % . 0 "3*(!%$ !" !" #$%
. 0 "& ' (!% $"#$$"& &"(" %( !% %& *& !%$ #( $3 %# "$+*" (3*"( &
% ('"$ &"(% #' !% ("$"$ ($# *&"(%$1+*"# "% #"7&" 3$ ='" %$ '"8*%$ !"
('"$ &"(%1+*"# " #<* 5-% +*""$-% $*B " $ $ "$$% $3 8
$ $" % " ' $1# "$!"("$
%*(-% # "$!"("$1+*" (' $ & "& 59"$!" %*"& *(! !"$!" # 5-% !"

& $8
("$"1 %!"& $$( #$"%$$"7*("$ %(%$1+*"";7"& *& #
" (= $" %7% +*" %$$8
'":

$$*B" %$ $$'%$!" +*" #


"$! & "& /%#*7 (-% 2& +* +*"# ( "( '% #
('"$ #"& %* /%#*& !%1" (% &")%#!%$ $%$1$-% #<* !%$!" 3 %#
&
!2( C +*" $ "# ='" *& ('"$ &"(% "& 59"$ % ! $ "& <% $
. ('"$ &"(% "& 0 %* +* +*"#%*# % #"(!&"( % !" $ . ('"$ &"(% "&
0 /%#%*# % !%1 "(!"(!% C ";$2( !" '"8*%$"*# % "*$!" ('"$ &"(% "&
!" #$ % .$%< 3 %#& !" $% "! !"$" 3 *(!%$0 +*" (-% #<* & %$# "(!&"(%$
%< !%$ %# (-% # "$!"( "$1 # " "& !" ( "( '% # ('"$ # "& %*
%#*7*"$"$

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


% " ' $#"$!"("$1B = +*" % #"3
"#!% ('"$ &"(% # " "<" % # &"(% 3$ +*" ,
='" % ('"$ &"(% "& +* +*"#%*# % % !" 59"$. ('"$ &"(% "& 0 %*
+*"+* +*"#%*# % % !"#"(!&"(% . ('"$ &"(% "& 0 #"$ "+*" #<* 5-%
! $ & $' $ %< ! $ %# "$$% $ % " ' $ # "$!"("$ %& "( 5-% %("#
%$ !"
59"$"& ,1( &")%#! $) 6"$"$1!3 "#! "& ?EP1&"! (" % *& #&"(%
!" %(!59"$";7"("$ +*1 %&% B
=# "3
"#!%1*& ( "( '% # +*" $"& # "$ $
(' $ & "& '"8*%$!" !"#$% %#*7*"$"$R

S
('"$ &"(% (-% #"$!"("1!" "$$% $3 8$ $" % " ' $1 "& %*"& 1B =!"
$ ## %1, &"("!"$( "( ' !%1B =+*"% $"* #
"%# (% "#6! % .!' !"(!%$1B
*# %$%*
#"(!&"(%$ "#6! %$ !" *(! !"$ !" # 5-%0 != $"& #" %#7"& #""(5-% !"
& %$% ( 3 %(" $" $ " % !% # "7&" 3$ %#*7*2$,"$ " &"(" !"$3'%# ='"
+* (!% %& #!% %& 7# (!" & %# !%$ 8 $"$ 1+*" <! & !" #<* #%$
#"(!&"(%$%< !%$ %#(-% # "$!"("$+*" "() & ('"$ !% "& '"8*%$!" !"
#$ % ."; *;"&<*# 7*"$ 1/ M / M Y <"7 0 /%# %*# % !%1% #"7&"
%#*7*2$%<#7 %$(-% # "$!"("$ ('"$ #"& "; *$' &"(" #',$!" 1
% +*" (-% , %& 8'" %& #
= ("#( %( 1%(!" #" !% ('"$ &"(% $" 34
#',$!"!8 '!

U* (% %$ ('"$ !%# "$ "$# (7"#%$1";$"1 ,& !% & $1*& 3 %#" !"$( "( '% %
('"$ &"(% "& (% +*" % % &%&"(% # * ! $8 ! !% ('"$ &"(% /%#*&
!%1 +*"# $"B& "$$% $ 38$ $ %* % " ' $1 %$ #"(!&"(%$ !" %# #"("$ !
!$#<*5-% !% $ !% !" +*! 5-% (% &%&"(% !% # ""&<% $% ! $ *(! !"$ !"
# 5-%1(% 3& !% "# 8
%!% !" ('"$ &"(%1!= $"& #" %#7"& #<* 5-% "&
/%#*7 %##""(5-% ( 3 %(" /%#%*# % !%1 " %#*7*"$ (-% , <$% * &"("
# +* (% C < ! !" !" *& $"(5-% !" #<* 5-% %($ (" !% # 7% A !%
$ *% !%$ "("3 8 %$ $ $. 0 C$& $' $%< ! $ %& "( 5-% !"*(! !"$
!" # 5-% "& R

&<,& #<* 5-% !%$ #


6 #%$'"8*%$!" ('"$ &"(% "' ( #
%<"& $

/%#*& !%1" (% +*" C$ $" #


"3"#"1 "( $%$!' !"(!%$" $ & $' $"$-%
$"( $ !" #<* 5-%1 &"! (" % *& #&"(% !" !""# & ( ! $ %(!59"$ $
& 5-% & "!" +*" "$% ) !% 3( ( &"(% ! $ # ! $$"B '#" .B
= +*" %$
B*#
%$ #
" "<!%$ $-% #<* !%$0 "; "#2( !" %*#%$ '"8*%$ !" ('"$ &"(% "&
!" #$ % ."; 0 &%$# +*" "$" $ " % , !""# & ( (" #
6 #%
('"$ &"(% %# "& %# $ 7"#!%$ , !"$( "( ' !%1 B
= +*" +*"# %$

S
/ 1> "7&"B
*#8
! % " $ " %$3$ $! ' ! !"!" !"#$ %@1 =7 K

10
#"(!&"(%$ "#6! %$"% # ""&<% $% ! $*(! !"$!" # 5-%1+*"# $* "( 5-%
%("#%$ 1$-% $*B
" %$ #<* 5-% C ; 7"# !" R

;$"&1 %#Q &%1 7*& $ ( "#"4 $ " ("3 2( $ $$( #(% +*" % M $ "
#"3
"#"1B=+*"(-% , <$ % * &"( " # % +*" $"(5-% %($ ("! 8(" )0 !% ( AK
!% # 7% O !% 6!7% !% M $"B ='" C$ %& $$9"$!"7"$-% 7 $ "%$ C$
$% "! !"$ 7"$%# $ /%# %*#% !%1 "(!"(!% C # "!*4! ! !" !" $
#" * "##"& % M $* %# !%1"("(!" $"+*"1 "% &"(%$1%$ *$%$ %&
$* %# !%$ "& #" 5-% C$ +*$59"$ # " 4 ! $ %* ("7% ! $ .& $ (-% %( *8! $0
!"'"& "$ # $"(%$!" #<* 5-%R

("(!" $" %# %$"7*( ":$-% >(!'8 !*%$!" % # "(!&"(%1(%#& &"(" %&


"; "#2( "& #
"$ # 1 +*" ('"$"& *& "+*"( #" ! $* #+*"4 "& "+*"( $
"& #"$ $ %& % % "( !" #"$ &"(% $* # "$"(5 , & %# (%$ 8$"$ "& +*" %$
&"# !%$!" $$-% & $!"$"('% ' !%$1 %&% %$ "% "(% (!%1& $ 7%# &<,&
( "& () ""& # (5 @8

>$ $-%1 ( $* & %# #"1 ( 7%$ "& # ""(!"!%#"$ +*" "( # &1 (
% ! !"%*"& #"1% $"*("76 % "+*" #
""(!"& #"('"$ #*& #"!%$$"*$ $"&
"& #"$ $ +*" )"$ %$$ & "# & # %( (* # # # (% ^B%7%_ "& # "$ # " %<"#
#"$* !%$ # '%$(% 3 **#% @9

$ ($ *59"$"*#% " $ 2& "& *(8


$$%(% #
" %(4 !% % 3
%&"(% !"$ 3 %("!"3( ( &"(% !%
!"#$% "$!" %7%1 %#
+*" *&"( % &%( ("!$ %(8 '" # " .%(!"%
$" %#3( ( "#% #! %( (-% "$= -% !$ %(8 '"01& $ &<,& %# +*" # 4 ! !" !"
7"$-% % #%B" % "& #"$ # 1 $$& *&"( (!% $ # %< < ! !"$!"$* "$$% !"$"

3%&"(% !"$" % !" ('"$ !%#34$"1# "7# 7"# 1 %#' B *#


8! " 3$ "$ #!" '=#%$
8$"$ "#
"& ! !% $$%$ ("$" $"( !%1 # "3
"#2( "*#% " & (,& $" % "(% (!% V
& %# (" # " 5 # +*" /%#*7 (-% !$ 9" !" ("()*& "$ *% "$ " # "$" % !"
('"$ !%#1"&<%# % $" %#'"() %( (!% )= '=#%$ (%$ # $* 3 10 /%#%*# % !%1
";$" "( $*& $$% 5-% !" "& /%#*7 R";$ & ASS ( "& AEEN1! $
+* $ E (% "(% (!%11 (Q&"#% !"&"&<#%$"# !" K "& /%#*7 "!"KA "& &,! %#
$$% 5-% (% "(% (!%1& $< ; ' # A "& $ () U* (% % (Q&"# % !" % "# 59"$
#" 4 ! $1"& /%#*7 # "7$%* $ " "( $*& !*# (" AEEN13 " C$S !" $ () " C$KN !%
"(% (!%

K
"( #% !" "$-% " $*!%$ " (% 67 %$.AEED01> !"#$ % (% #$ @
O
#( $ % ()
E
=#% / ( % .AEED1!"&0
*#
% " ( *$("$$ (7" "J%# G.AEEN01 )

11
<" NF %& #5-% !"#
"!"$!"
"!"$!" "&<#%$ %# /#%B
" %$ "#59"$ ; !"
#
"!" #"$"( !%$ #
" 4! $ #
" 4 5-%

/%#*7 K N A?P

$ () A AED S DP

# (5 NE AE ?EE AK P

"(% (!% E KA N D KN P
%( ": .I
*()% AEEN0

"7*(!% *& "$*!% ! %& $$-% *#% " A1 %& %("(" 3$ , % 3 %# !" $'% (%
('"$ &"(% !% 1 (%&" ! &"(" ( , !"$$" ('"$ &"(% /%# "$
# 4-%1%$ $ !%$ %& ""& "(#"$ ("$ & ,# (8'" &*(! "1"& # * #1( *#%

%(& .
A'5
3(& %3(&% )% 6'
+.8.
5&+ 6/+&'
,+6' 32+,+B C

& %($ # * #+*"(-% !""() & $!"DEP !"*& "& # "$ "#
=*& # ,! % !" & %$%
%#
# "$ %(!"(" AEP !% $"* ('"$ &"( % ' %#&8(&% !"$ # 5-% , !" / ?EE .SAA
"*#%$0 "% &=;&% !" / AEEEEE.AKO EEE"*#%$0 %# (%

• # #!% D (% !"!""(5-% ! $ # 59"$1% #


,! % !" & %$% %#( $"!"3( '% "(-%
%!"& $$"## " * "# !% "% $ !%
• $"(5-% !" & %$% $%<#" $& $' $( '"(! !" 59"$ 6$ # 2$ (%$!" ('"$ &"( %
• & $% !"# " 4 5-% !"&"(%$' $1 %$$< ! !"!" $!"$ %( #(% #"(!&"( % !" #!%
"&
• $"(5-% !" & %$% $* "$$6#% 6$!% $ (%$!" ('"$ &"( %

$" (!% $"(% $% (72$" ! (!% % C# " ! !" %#*7*"$ ."& "# &%$!"# "(!&"(% !%$
# * # "$01% "$*!% &"( %( !% ( "#%# &"( " # % 9" % $"7*( ": 0 /% "( <"("3 =#%:
"$$% $ $(7* #"$ %& #"(!&"(% % " ='" 7* %* $* "#%# EE EEER<0 M %# (*
&=;&% !% ('"$ &"(% # " 4# : ?E EEE1 %!"(!% &" !"$"# %#' !""& # ,$ &%R 0
( "( '%:!"!*5-% C % " !% 1"& AEP !% ' %#!% ('"$ &"(%R!0 " %# "$# ""' ("$:
%!%$1 %& "; " 5-% ! < ( " $"7*#%$1 &%< =#%1 %&,# % /# ""(!" $" $$& <"("3 #%$
$" %#"$& $ " (% 67 %$R"0 $ < ! !"!% ('"$ &"( %1(*& &8 (&% !"D (%$

%(&8.
A'5
3(& %3(&% )( B.
(6<(C

!" I ("#
% !" AEEN 3
% # !%1"& #(5 1*& "$ * % "$ " # 1 "#
& (!% +*"
"$"$ %($ * & >
$% "! !"$ *( "$$% $ !" ('"$ &"( % #
%' !"( @ . **
+ %* /0 $' ( 7"($$-% "$$"( &"("3$ $
: $ /$"$-% $"( $!"
, E (%$ !" % $ ! $* # 5-% &* (" &"("1% Q( % %($ "$= $"( % !" (
#
% %#
5-% ! $ & $' $#
" 4! $ " / $ $% *5-% #
"$"( ' ( 7"& !" %!"#$"#& $
3 &"( " %(#
% ! " !& ($#5-% 3$ /%#%*#
% !%1%$ # * #
"$+*" (' $ & "& "& #
"$ $
(-% % ! $ %!"& #
"!*4# < $" #<* ='" !" "& ,A?P !% &%( ( " ('"$ !% " ,*& &=;&%
!"AE EEE "*#
%$.%* NE EEE "*#
%$ %# $ 01!"$!"+*"% ('"$ &"( % $"B 3
"% "% &"(%$ %#? (%$
$% $"B 3
" % % !"$('"$ &"( % ( "$!"$" # 4%1% <"("3
8 % 3$ !"'"$"#!"'% ' !%

A
%& $$-% *#
% " .AEEA01> "( )& #
G(7<*$("$$ (7"$@

12
"$ % ) "(#
"% &%!"% (72$"% &%!"% 3
# ( 2$!"'" "#"& %( % "# 3 !% ('"$ !%#+*"$"
#""(!" # # (+* (% +*"% &%!"% (72$,<"(,3 % # +* +*"# ('"$ !%#(% *#% #4%1
( *$' &"(" # %$ ('"$ !%#"$ !" < ;%$ #
"(!&"(%$1% &%!"% 3 # ( 2$ "( $ $" %#(
#"(" &,!% " %(7% # 4%1 # ('"$ !%#"$!"# "(!&"(%$ %($!"# ='"$

% "( (%1 !"'" $*< () #$" +*" % &%!"% 3 # ( 2$ "& ' #*!" !" # # ('"$ !%#"$
"$# (7"# %$1 +*" %!"# -% % 4 # % $"* '"8*% !" ('"$ &"(% "& !" #$% ."&
"& # "$ $ %#*7*"$ $"(%*# $"& # "$ $ %&*( =# $0 "& /%#*7 & %& #5-%1% &%!"%
(72$(-% #
" " "# $ # "# 8$ $(" "$$=# $ # # # ('"$ !%# "$"$#(7"#%$ $$&1,
%$$8'" *& %&<( 5-% "(# " %$ !% $ #
"7&"$ #
"7&" !" < $" $"# % #"7&" !" &%!"%
3# ( 2$1 %& %$$< ! !" !" (# %!*4# *& !"!*5-% C % " 1 (-% *&*='"1 #
('"$ &"(%$!# " %$"& "& # "$ $*(3 %#&"&"("!"3(! $ %&% "+*"( $"&,! $"& # "$ $
"& 3$"$ ( $!" ' ! !"

(%5-% !">('"$ !%#+* 3 !%@ , #


* # "$" % !" ('"$ &"(% !" %(7% # 4 %1 %* %
8
+*!% " "'"( * &"(" &"(%$ # ($ #"(" /# ""(!" $" +*" "() & "$$% %$ 3
*(!%$ !"
!"#$ % ('"$ !%#
"$ # * # "$" ($ * %( $+*" %& # ""(! & %$#$%$ $$% !%$
D
5-% !"$ (%5-% "& /%#*7 "& $!% %( ! %&% # "$# ' "% $ " %# / 1
%( #" &"( "1#" %&"(! % #7 &"(% !% (Q "% !" ('"$ !%#
"$+* 3 !%$B = %($!"#!% (
":

> / "( "(!" %&% &* % 3'%# ='" % #


7 &"(% !% ""( % !%$ ('"$ !%#"$
+* 3 !%$ (# %!*4!% "% " # "% " ( ? X AEEN1!"AO !"I*()%1& $"("(!"1
(% "( (%1 +*" !"'"# = $*7"## (! ( *$-% !%$ * # "$ !%$ 6#7-%$ !"
!& ($# 5-% " 3$ 4 5-% ! $$% "! !"$7"$%# $!" 1<"& %&% "+* !"
7"$-%1 ( *(!% % $"* %# % , ( %1 $$& %&% ('"$ !%#
"$ (!' !* $!"""' !%
#&6(% @

$ #= ";$" ( & %# ! $B *#$!59"$"*#% " $ 8*% !" ";"& %1 $ *%#! !"$!"


$* "#' $-% # (!"$ $ . 01 #',$ ( (%# & ' AN .> % %( %3U* 3 H(7 ('"$%#@01
!"3("& *& ('"$ !%# +* 3 !% %&% +*"" +*" ('"$" "%$ &"(%$ A?E EEE "*# %$
(%#& ' AD "# & " (! < ; #"$$" &%( (" # A? EEE "*# %$ /%#%*#% !%1 $"(
!"$" &%( (" &8 (&% " "# & " % ('"$ &"(% " !# " 5-% !" *& $% "! !" 7"$%# 1<"&
%&% %$$"*$ % <%#!%# "$+*""$"B& "('% ' !%$( $ ' ! !"$!" ('"$ &"(%

/ #" " (%$ $


"##"3
"#2( Q " %& " ' (8
'" "*# % "* % $% !% *;"&<*# 7%1(% +* %
('"$ &"(% "& !" #$ % , "# & !% %$ ('"$ !%# "$ >(3%#& !%$@ $ ('"$ !%#
"$
(3%#& !%$$-% %$ ('"$ !%#"$ ($ * %( $1%$ ('"$ !%# "$ #%3$$%( $1" %!%$%$ ('"$ !%# "$
+*"!" # "& %#"$ # % $* !"$-% % "$ *% !" >('"$ !%# (3 %#
& !%@ ". 0 (' $ & & $
!" A? EEE "*#%$(% '"8*% !" !"#$ % %* . 0 %<"() & *& # " %&"(! 5
-% "& ! %#
*& # %3$$%( !% $" %#3( ( "# % +*" %(3#
&" +*"% ('"$ !%# "& %()" &"( %$$*3 "("$
# ' #%$#$ %$!" %# #
"("$!% ('"$ &"(% "& !"#$ %

D
/ 1> "7&"B
*#8
! % " $ " %$3$ $! ' ! !"!" !"#$ %@1 =7 N

13
"

$ ! $-% *& ($# *&"(% !" # "&*("# 5-% +*" # "&" %$ 7"$%# "$ " %*#%$
% <%# !%#
"$ "(!% %#< $"% ' %# # !%1$"(!% * 4 !% " $"& # "$ $ # # % *##3; #%$
$"*$ &")%#"$ #" *#$%$ )*& (%$ " # ( "( ' # +*" "$"$ %(#<* & %& %!% % $"*
%()" &"(% # % $* "$$% ! "& # "$ % $% ! $ 1 $ ! $-% &<,&
*& &"% !" %& "($ #%$ % <%# !%# "$ "%$&"(%# "$$ =#%$+*" %#'"4"$# " "<"& ( 3$ "
( ! "& # "$ .!*# (" +* (-% )= %#'"4"$$"+*"## " " $%* '% *&" !" ("76 %$0 $
! $-%1 # ,& !$%1*& ($# *&"(% ( "( ' !%#!% *&"(% ! # %!* ' ! !""&
+*" % #$% ." "'"( * # " %& "($ 0 $-% # ) !%$ %& %$ % <%# !%# "$ -% &<,&
"$ " &"(" & %# ("$ %&% ""&"(% !" # ""(5-% !" #" *#$%$ )*& (%$ +* 3 !%$ "&
+* +*"#"& # "$ % " $"+*"1 %(# # &"(" % +*"$* "!""& /%#*7 ."& +*"$-% # # $ $
/ $+*" $* 4 &01SEP ! $"& # "$ $ " *$ & ! # # #+* !# %$
. %(# ?NP ( 3$"!"> "; ($-%@01$"7*(!% M 1(*& "$*!% & &"( %( !%

&<,& M 1(*& "$*!% %& #!% "(# "A 8$"$"*# % "*$1 %( #<* 5-% !" !
"& /%#*7 %&% *& 3 %#!"$3'%# ='" % !"$"('% ' &"(% !% "& # ""(!"!%#$&% "
3 %1 #<* 5-% , !"$ "( %# B!%# : %#*& !%1";$"& !Q' ! $$%<# " ( *$-% ! $ !
( < $" !" ( !2( ! $ %(#<*59"$ # "7*#(5 % 1 ( *$-% "$$ +*"
#"$* # (*& 6(*$ ! %( # % #< ) !%# " # "& # "$ !" P " AD1 S?P1
#"$ " ' &"("R %#%*# %1% # < ) !%#, #<* !% !* &"("1(% &%&"(% "& +*" $ !
$-% ";"# ! $"(% &%&"(% ! $* %$"#%# "( 5-%1 $ % %<"() *& & $' (-%
<#(7! " $"(5-% ='" 5
9"$!" ! $ %#& $!" A &"$"$ # "$ " % !"$ Q &
# "# 8$ !% #
"7&" 3$ 1";$" $$& % #$ % #
"$ !% !" $"#";7!% % # < ) !%#%
7 &"(% !" *& & %$% $%<# " % ' %#!" 59"$+*" %!"# -% "#$%3 #!% *& !"$' %#4 5-%
6$ % ";"#8 % ! % 5-%1 7"# (!% &"(%$' $ ($*$ " 8 '"$ !" %& "($ 5-% %& %$
#"(!&"(%$ !% #< )% !" "(!"(" / # ,& !" *!% $%1(-% 34 $"( !% %& # 5-%
!"$3'%# ='" ."& "# &%$ !" ; !" $"7*# (5 $% & %$ 0 %& % > <6(*$@ #<*8
!% %
% <%# !%#(% 3( !% (%1B =+*""$"Q &% (-% ( "7# < $"!" ( !2( ! $ %(#<*59"$
# "7*# (5 % /%#Q &%1 <"# "3
"##+*" #<* 5-% ! $ ! (% &%&"(%
!% $"* ";"#8 % %(37*# *& #7 3$ # % %(#<*( " $"& +*" "() ";$ !% *&
%##"$ %(!"(" # ,$ &% !" +*!"4 %($"+*"("&"("1% %( #<*(" %!" '"#$" %<#7 !%
'"(!"# $ 59"$ !+*#! $1"& %(!59"$&"(%$+*" 6 & $1 # %<"# +*!"4(" "$$=#
# 7 # % & %$%1 $"(!% "#% +*" "$ ("3 2( , 7#' ! +* (!% "( ! !"
"& # "7 !%# $"B *& "+*"( %* &,! "& # "$ 1 *B$ 59"$ (-% $"B& 3 &"("
# ($ %(='"$

"7# 7"# 1 $ ! $-% #<*8 ! $(*& (% E"";"#8'"$.%*'"(!='"$0 "(#"% (% E"


( .%* (% 3( !% (% (01 "% +*" $" # !" *& #<*5-% !" 59"$!" *& "& # "$ %&
%$$< ! !"!"'"(! !3 "#! %#'=#%$ (%$ %(',& (% #+*" $ ! (-% $-%
7 #( !%: % 5-% ! $% "! !" %!"(*( )"7 # % ' %#&8(&% 3; !% # % ";"#8 % !"
% 5-%

3 !" % 59"$ #
" ' $ C$ "$# ,7 $ !" $ 8 ! !% !" #$ % .$"B " ' ! %3 "#
Q< 1$"B "% # " *#$% % % 59"$ #' ! $01, *& !%$ #( $"(#'"$ % ('"$ &"(%
#' !% (% $" %# /%#"$ # 4-%1, "$$ "( #"3%#
5 #$" $ %(!59"$!" +*!"41 % (8 '" !%
&"# !% !" $1 (%&" ! &"(" # ',$ !" 3%#& $ B *$ ! $ C$ # "# 8
$ $!$
/ $ $' ( 7"($!"*& 3
%#& '% %( ! # "$ $"& # "$ $1C$"&") (5 !% +*"B =
)%B" %(" " (% &"# !% 3 # ( 2$. "#(";1!"$"('% ' ! # " "("&"(" " *#%("; / #$0 "
(% "(% (!% . "# ( '" ('"$&"( #G"1 !"$"('% ' ! "% %(!%( % G ; ) (7"0
%($$"&13 *(! &"( &"("1"& 3 #% "$$% *& *('"# $% !" ('"$ !%#"$"$ " 4 !%$
" "& & (& 4 # $";72( $"& "# &%$!" #"+*$ %$!" !& $$-% " & (*"(5-% (% &"# !%1
$$"7*#(!% "& $&* L("% *& (8 '" !"+* !% !" #($ # 2( # %$ ('"$ !%# "$ / `1
3%#& ";$"(" "& /%#*7 '% %( ! # % $"7&"(% ! $ / $1 %!"# "+* %( #
*& $$% 5-% C$ #( $ 3
%#& $ ("# ( %( $1!" &%!% 34"# <"("3 # %$ $"*$

14
# ("$ !%$ "3
" %$ !" "$ . #( &"(" (% & # G" (71( $ 3%#5 $ !" '"(! $1(%$
$$"& $"" # 6( %$"(% (Q&"#% !" ('"$ !%#
"$ (5 !%$0 +*"! 8 !' # &

" !% $ !% "& & ,# !" !"#$% 3 % !" 4 !% %& *& 67 !" # ""( )&"(%
!" *( $!" &"# !%1%* $"B ( $3$"$ ( $.>$""! @1>$ # * @ "> " #H $ 7"@0 !%
!"$"('% ' &"(% ! $"& # "$ $ % "( (%1 !"#' ("7 ' !"$" " "& $!% (! ! "%
$" %#"& +* $" *( (& ! !" $ # 8 $ "$ * 5-% %( & # '=# $ 3 ) $ 7# '"$1
(%&" ! &"(" &* ! !" !" % "# !%#"$ Q< %$1 %($"+*"(" 3 !" !&"($-% #
% # % "#59"$ "$# ,7 $1 3 !" !3 "#"( 5-% !" & $$-% "(# " ""$1 % %(3 % !"
("# "$$"$ "(# " 3 *(5-% !" ('"$ !%#" !" 7"$%# 1% ># %J!(7 %* @ !% $ " %# #' !% " $
%($"+*2( $ ("3$ $ # $ "& # "$ $ 3( ( ! $1 % "' # +*" "$ $ $" ($# & (*&
&<"(" %( %# #"( . ! % "# 5-% " # ,#%$ !" ' 5-% & $ ";7"( "$ (% $" %#
#' !%01 3 !" # ,#%$ #7%# %$%$ ( ' 5-% # , ('"$ &"(%: ('"$ &"(% Q< % "&
!" #$% ' $% %&% > 3( ( &"(% !" $% %# #%@1 3 !" # ,#%$#7%# %$%$!" 7"$-% "
' 5-% ! # "(!< ! !" ! $ #"# $ %* !"& $ %<B " '%$ $% $1 %* $"B 3 !"
# ($ # 2( "# "$ %($ < 4 5-% "%$ # "$* !%$ .> %*( < H@0 " 3( &"(" 3 !"
# 5-% ' "3 #**%$ !% $ !% %($ . $ !% #"# %0 ( $ / $ # !$
* $ !"$ $ 3 ) $ $-% =$ %( ! $ "% !% *&"(% " <%#!% "% 7# * % a & Y%G "&
%'"&<# % !" AEEN N C "$ ! (-% *# % " 1$"(!% "$$ $ & %# "$ !"' !% C !&"($-% !%
$" %#"& /%#*7 "7*(!% % !% *&"(% # "3"#!%1> %$&"# !%$!" 59"$" 3 *(!%$ %( (* &
3# 7&"( !%$" < ;% !% $ "* (8
'" # 8 % %&% %($"+*2( !$%1% #$ % ( %# #!% %#3 *(!%$
" ('"$ !%# "$ #' !%$, !"$(" "$$ # &"("""' !% ( &"!! "& +*" $"$# ,7 $!" $ 8 !
$" "( %(# & <%+*" ! $ "$" &%!%1$-% # " 4 !%$ (! &"(%$ ('"$ &"(%$ " *#%
"# !" $$& '=# $ % %#*(! !"$@ &<,& % - . / ) 0 ! 12231+*"
$$3 %#%#!"& !" # "$ "("!" %& " ' ! !" E 8 $"$"# "79"$1 %( "(# "%$ #( $
%(%$ 3 # %$ ! %& " ' ! !" !" /%#*7 3 !" %($$2( ( !# " 5-% ! $ % 8 $
7%'"# ( &"( $1.? *7 #"(# " E01 3 !" (!" "(!2( ! !& ($# 5-% Q< 3 "C
("# 3"#2( % 8 .?A 01 3 !" # ($ # 2( ! $ % 8 $7%'"# ( &"( $.?A 0 " 3 !"
& "&"( 5-% "3 "("! $!" $9"$7%'"# ( &"( $.?D 0

M=# $ ($ *59"$ ( %( $ '2&1 % %(7% !%$ (%$ & $ # " "("$1 %( !% $ 3 ) $ &
!"$# $1 $$& %&% $ % *59"$ .+*" '"#"&%$ & $ C 3#"("0 (#
" $ & $ '""&"("$
15
"( %(#& $" / 1% ( % !" ('"$ &"(% %< . 016 "*& ! 17
%($ *8
! %#
!* $'"4"$."& AEEA "AEED0 "!!% !% ($,#% ! %(%& !""(-%

&<,& #" "("&"("1% > $*!% !" ' 5-% !% % "( "& #""(!"!%#"& /%#*7 @1#
" 4 !%
"& AEEN "% %' 6#*& " % "! !" /%#*7*"$ !" (%' 5-% . / 0 %( # % 3 % !" %$
"$ " $ $ %#*7*"$"$ %($!"# #
"& +*"> % % % 3( ( "#
% "& /%#*7 , ($*3 "(".b0 %
"( (%1 %$ $*<$8
!%$ 7%'"#( &"( $ 3%# & %($!"#!%$ %&% $*3 "( "$1 "$ # !" "$"$
%($!"##"& +*"3%# & "& #
"7*"$!"&%!% ("3 "("@

N
%& $$-% *#% " .AEEN01> (7 )" ) "(7" )" $<%($# "7H3 %#7#%J ) (!"& %H&"( @
?
$$% 5-% /%#*7*"$ !" !" $ % " "$"('% ' &"( % . / 0:> $ !% " % !" $ %@ " > "7&"
I*# 8! % " $ " %$ $ $! ' ! !"!" !" $ %@1 # "$"( !%$$* "$$' &"( " %$ " # "=#%$!" $ !%
c!% %$=#% M"(*# . (!Q$# 1 %&,# % " "# ' 5%$01 #5 /# %"(5 !" # ' )% . !"&1"& AEEN0 " (6(% $# %
*"# # . (!Q$# " (%' 5-%1"& I *()% AEE?0
( % !" ('"$ &"( % %< 1> $ !% " !" $ % F # "'" "3";-%@ .I*)% !"AEE?0
S
=#% / ( %: > % $ $%<#" % !" #$ %: (" "$$! !" !" "# $ $7(3 '%$ # % "#59"$
"$# **#( "$@ .? !" **<# % !" AEED0 > !" $ % " %$ 4 @ . S !" ""&<# % !" AEED0
>/# % "$$%$!" 4 5-% "#""$# * *#5-% !""& #"$ $"7# * %$"& # "$ # $:% !"#$ %@ .O !" ""&<# % !"
AEEA0

15
$" (!% (%$ ( $ #
"3"#! $ (= $"$ !% $" %# <"& %&% ( $ <% $ # = $ &*(! $1 $
#" %&"(! 59"$ !"$" / (% +* (% % " !% $ !% (% !" #$ % '-% (% $"( !% !" %
# %( 4 #" %# ( #& $"3 "( " #',$! # "!*5-% ! $3%("$ Q< $!" !"#$ % "!%
(Q&"#% !"3*(!%$1 #
%3$$%( 4 (!% " *&"( (!% # ($ #2( 7* &"("! 7"$-% !"$"$

%(3%#&"!"$ # % & 1 &* ! !"!"% "#!%# "$,(% ' "& '=#%$ $ " %$ & #&"# %
*7 # 1# "# %$$< ! !" !" % # % "# 59"$ !" & %# "('"# 7 !*# & &,! 1 %$
3( ( &"(%$$-% !"*& &%( ("!" & )-% !""*# %$"& %!% % $" %#( %( !% !"
#$ % ""$ !&"($-% %!"$ "#$*3 "("( $3$"$ " 1B=(-% % $-% "# &"("
"& 3$" !" > "; ($-%@ =$1 "$ %($ 5-% "& "' !% B= 7*($ % "#!%# "$ Q< %$
"(# # "& "& $(! % "& 7*& $% "# 59"$1 %& %!%$%$ *$%$. "& %# $1%# 7 (4 '%$0 +*"
& +*"$-% ! %( "(#5-% , 7* &"(" # ""' (" (% +*" #
"$ " #"(!< ! !"$
"$ #!" (-% ) '"#1 * &"("1 *< 5 -% ! &,! ! # "(!< ! !" !% $" %#!% !"
#$ % "& /%#*7 1"$ &%$ "# &"(" +*,& !%$' %# "$!%$ "! *# % %$ #&"# %$1
#"(!< ! !" )$6# " (* 4 ! !% $" %#3 % "& AEEN !" P # % " NP
# %!% % $ *#
% 13 % #"$ " ' &"(" P " O1 ?P " '"# &%$ "&
%($!"# 5-% % #&"# % +* # 1%$' %# "$$%<"& %($!"#'"&"(" # OP (%
"ADP "& $

/%#%*# % !%1 "& $"'"#3 !% +*" $& $$ 9"$!"$"$% "#!%# "$$-% $"&") ("$1% +*"7"#
%(3*$-% ( $ "& #"$ $ +*" #% *# & 3( ( &"(% $ $ * 5-% %!" &"$&% "' # C
#< # 7"& !" (!! *# $ . %# ";"& %1 "$ % ) " "& # "$ !% %#7 ($&% +*" %3
"#""
&")%# "$ %(!59"$0 " &Q $ "( ' $ !" # %' 5-% !% ('"$ &"(% . $% ,1 "( (!%
$* "$$' &"( " !" % "#!%# "& % "#!%# Q< %01% +*" , ( ! &"(" %* % "3 "(" #
&<%$."& # "$ " $ !%0

5
;=.
( D 8+.
()%.
+&8E-1
53%&)+3(85
'(1)+.
5&3%

6 6
5 5
191,4 176,6 2
145,6
103,5
54,9

Caixa Capital PME API Capital* PME Capital F. Turismo


Investimentos

Fundos sobre Gestão


%45)6-
Nº de fundos

$ !% 7"#" * &"("!"3 %#
& !# " "# !"O P !%$ ('"$ &"(%$ % $"& !"
#$ % .'"# 7*# ?0 & "# &%$!"3*(!%$ (7 # !%$"& AEEN1% $ !% %#*7*2$#"# "$"(%*
"# !" DDP1 %(# ' %# "$ &,!%$ ( !" S1DP "7*(!% ! !%$ ! / 1(% #&"# %
$"&"$# " !" AEE? % "$
% !% $ !% ""'%* $" ?AP !% % 1 %(3# & (!% #"!%& (L(
)$6# (% $" %#!% !"#$ %

5
;=.( " D 6'
+./+6<0% )5.+3' (/& 6'
+./+6<0%5
6)5
.+3'
()% &'
()%
€ 64,2 M
9%

€ 672 M
91%
Intervenção directa
Intervenção indirecta
%45)6- 1227

16
5
;=.
( D +&%)% &'
()% 6%&4
=6)%&)+3(85
'(1)+.5
&3% (6;(.
5()%&B FF C

32,9%

16,4%

9,1%
7,3%
4,0% 3,0%

Portugal Alemanha Espanha Europa Itália Reino


Unido

% - 8

& %# "3 2( ! 7"$-% %# "$ " $ $1#"7# 7"# #' !%$1, %(% $$"(" (8 '"
( "#( %( $ #7*&"(%$ $"*3'%#$-% '=#%$:& %#!&"($-% ""$ " 4 5-% !"#
" *#
$%$
)*& (%$1 & %# "$ #" *#
$%$ 3( ( "#
%$ !$ %(8
'"$ " "$ &* 5-% ! %<"(5
-% !" &")%# "$
#"$* !%$ %#' ! %( %# #
2(

$$&1% $ !% !"'" !"3(# %& $ "( ! !"$ +*"& !""7 7"$-% !%$ $"*$ 3*(!%$ %
$"7*(": 0 /% 8 !" ('"$ &"(%$: *('"# $% !" "& # "$ $1 3$"$ !" !"$"('% ' &"(%R A0
<B" '%$!" 7"$-% +* ( '%$.#"(!< ! !"0 " +* '%$.$% %" %(6& %$0RD0 d (! " !"
#"3"#2( # ' # #"(!< ! !" ! #"# !" ('"$ &"(%$RN0 /% 8 !" #"&*("# 5-%1
( *(!% *& ""&"(% 3;% . " %*# % ' #='" . 0R?0 # "+*2(
!$ ' 59"$!"7"$-%R 0 "&"(%$ %("#(% # " 6#% !"7"$-% "3 #"+*2( !% &"$&%RS0
*# 5-% !% & (! % !" 7"$-% ."& 7"# ? S (%$1 ! !% % "#8
%!% !" (" "$$=#%
!"$"('% ' &"(% ! $"& #"$ $0R" K0 ( *$-% !" =*$* !" # %& &"(% !% %(# % %#B *$
*$

" &%!% "$ &* # % *& #&"(% !%$ %<B" '%$1, "$$"( +*" $"B& 3 " $ ' 59"$
"#6! $ ";"($ $ . #&"$# $1 (* $0 "& %(B *(% %& % 7"$%# % 3& !% & (! %1
' 5-% $"#3" "% ('"$ !%# Q< % !"'"#= %& %# #*& (= $" ! %( %##2( !%
7"$%#. 0 $$ !""# &(# = $" !"'" #
%##
%7 #%* (-% % & (! % %& %
7"$%#"& +*"$-%

*(!% *# % "* !" ('"$ &"(% , ($ *5-% %& +* $" # * # = # "%#


7 (4 5-% +*
#% %$ 1 "(!% "& %( $ #
"!"( $+*"!",& (% % % C (%' 5-% "3( ( &"(% ! $/ $
( 1<"& %&% % ' $% %()" &"(% ! $<% $ #
= $&*(! $("$ & ,#

%(& .
A'5
3(& % 3(&% )(!=+&'
+.B +5
6% 65
)%C

U*"$"#,*& $% "! !"<# L( !" !"#$ % ( "# &"( " #' ! "$ " 4 ! ( 7"$-%
!" 3
*(!%$ " (% 67 %$ $"" 5-% !" ('"$ &"( %$, 3
" # ',$!" *& %( % #6;&% %& $
*('"#$! !"$."%$$"*$ 0 "%* # $"& #"$ $

U*"$"# (7 # B
*( % !" '=#%$ %$!" ('"$ !%# "$: # * # "$!" ""' !% # "(!&"( %1
($ *59"$ Q< $<# L( $. % $"( %( $1& $ &<,& (%'" *('"# $! !"$0 " ( "# ( %( $
%&% % *(!% *# % "* !" ('"$ &"( % $"$ !% $ Q &%$ %$ !" ('"$ !%# "$ . &<%$ Q< %$0
"$ <"" "& *& # " 5-% %( # * %& U*"$"# 1 +*" $%< & (! % 7"# " *& #"# !"
('"$ &"( %$ " #H $ 7" ( $ =# "$ # , !"3(! $1 "& # * # " (% 67 $ / # ,& !%
3( ( &"( % # 4!% C$"& # "$ $( $ "("$1 U*"$"# %( #<* # % $* "$$% !"$ $ #',$!
"; "#2( *&* ! "& "& # "$ $$"&") ( "$" # ',$!"*& # " 5-% "$# " %& % &"# !%
3( ( "#% %(!#(% . ( "#
"$$ ( "( 3$"!" # " # 5-% !% / 0

17
$3*(!%$!" "($9"$"%*# %$ ('"$ !%#
"$ ($ * %( $!" %(7% # 4% .$"7*#!%# $13 *(! 59"$0
%!"& !"$"& "() #*& "' ( # 5-% " !"$"('% ' &"(% !" "& #"$ $ (%' !%# $ %$
" "(% (!%13 %# & "$$"( $ % !"$"('% ' &"(% !% !"#$% " %($ *"& *& ! $
#( $3%("$!"3( ( &"(%

% "(% (!%1%$3 *(!%$!" "($9"$ (7 # # & "# !"A P !% % "& AEEN1 %(# "( $
?P !% $ !% " NP ! < ( .'"# 7*# S0 % ('"$ #
"& *& "+*"( "#"( 7"& !%$
$"*$ '%$"& 3
*(!%$!" !"#$ %1% "$8&*% C$#"3
"#! $"& #
"$ $ %!"$"#$7(3 '%1
<"# (!% $ Q< %$ ""&<# "$ " +*" /%#*7 "& *& "$% (%# & &"(" % !"
3( ( &"(% Q< % "& !"#$ % +* (!% %& #!% %& %$!"& $ 8 $"$"*#% "*$.'"#
7*# $ ? " 01%* $"B1 "# !"DDP "& /%#*7 %(# SP "& &,! ( *# % 1"OP "&
$ ()

7*# S F /#( $3
%("$!"3( ( &"(% "& #' ""+* H.AEEN0

$ !%
$ () # (5

"& () "(% (!%

/ # * #"$

& #"$ $

( %$

"7*#!%# $

*(!%$!" "($9"$

EP EP AEP DEP NEP ?EP EP

%9')4

/%#%*# % !%1 ' ( 7"& 3( ( "# !" ('"$ #"& 3 *(!%$!" !" #$% , <"& "("(!!
( *# % "7*(!% *& "$*!% ! "#"# K1NAP !%$7"$%# "$!" '%$"*#% "*$ #"'2"&
+*"(% "# 8%!% AEE? AEEO1 $$" $ $"B +*"& %## "(!< ! !" %($"7*# ="(#"
%!%$%$ ('"$ &"(%$ "# ( '%$." 1 1 &%< =#%b0 "()*& # "'2+*"
$"B $$"!" '%$ %& &"(%## "(!< ! !".'"# 7*# K0:

K
"#"# ('"$&"( %($* (7.AEE?01>
AEE? " #"$$ %#
" $@

18
7*# K F /#
"' $-% ! $& %#
"$"&"(%#
"$#
"(!< ! !"$ ,AEEO

-.5
;(<K+&;1
%-(5
&

?
/5)(I5
;2 J5
+1)

,%-5
15A.5
%

I+);+4
=6)&

%,,%)5
'5+&

.5
/('
++H=5
'@

*"FG * FG * FG * FG * FG FG FG FG FG FG "FG

P !"7"$%#
"$+*" #"'2"& &"(%# P !"7"$%#"$+*" #"'2"& & %#
#
"(!< ! !"( $$"!" '%$ #
"(!< ! !"( $$"!" '%$

% - ) (

& AEEN1% &%( (" % !%$ 3


*(!%$ !" "($9"$ "& /%#*7 "# !" N1S & & )9"$
"$"1 "(# " D " NP 3 % ('"$ !% "& >('"$ &"(%$ "#( '%$@1 #( " +* $ "
"; *$' &"(" 3 *(!%$ !" " "#"( 7"& * &=;& !"3(! " %#
&
"7* &"( #A X AEEA !% ($ * % !" "7*# %$!" /%#*7 # #"# !" ('"$ &"(%$!"
3*(!%$!" "($9"$" $ "7*#!%# $, !" ?P . %(# DEP "& $ () 0 " %$3*(!%$!" "($9"$
('"$ $$"& *( &"(" P ! $ $* $ #"# $ "& 3 *(!%$ !" !" #$ %1 % &%( ("
(7 # !% $"# !" "# !" ?E& )9"$!""*# %$19 " ('"$ $$"& AP1$"# & +* $"DEE& )9"$
!" "*#%$ "(!% "& %( +*"% $ !% "& "# !" SE & )9"$!""*# %$ ('"$ !%$(% $" %#1
%!"# <"# # 7# !* &"(" "# !" NNP !"$" &%( ("1 !& (!% +*" %$ 3 *(!%$
$"" %( !%$ ('"$ # & "& "& # "$ $ %#*7*"$ $

$ $&* 5-% "; * $"7*#!%# $13


*(! 59"$" %* #
%$"'"(* $ ('"$ !%#
"$!" %(7% # 4
% "
"$ $ &<,& ('"$ $$"& P ! $$* $ #"# $"& 3 *(!%$!" $ 1% &%( (" $"#
%<' &"("&* % & $$7(3 '%

" !% $ !% !"'" $"#1("$" $"( !%1 # %&% %#!% ('"$ &"(% "& 3 *(!%$ !" !"
#$ % "%$3*(!%$!" "($9"$"$"7*# !%# $ -% $"(!% "3 "(" & %#% ('"$ &"(% %## "7#1
$"# % %#*(% +*" !"$$" % ";"& % % ( *8% ( $ $* $ # 6 # $ #"#$ V "$$"( 1(%
"( (%1+*" $"B 3" % *& # % "$$
% !" $"" 5-% !" 3
*(!%$ #7%#%$% " %<B
" '%1 # +*" (-%
$"B& %$%$"& *$ %$%<B " '%$!"# "(!< ! !"

!3 *! !"!" "$$% % 3( ( &"(% %# #"! $/ 1"& "$ " ( $3$"$ ( $!% $"*
% !"' ! 1%(!" (";$2( !" % "# !3 * % # ,! % < ( =#%1"! $"& #"$ $!"&* %
"+*"( !&"($-%1"& +*" %$ *$%$ !" # ($ 5-% " $$&"# !" (3 %#
& 5-% %#
(& %
&"$&% "$$% !3
8 "1 &"$&% +* (!% ";$"("1 !"& $ !% #% +* (!% %& #!% %&
"& # "$ $!" & %#!&"($-% %* % "##"& &"# !%$& $"3 "("$1 "& $!% *& !%$ "& $
& $# " %#
#"("&"("#"3"#!%$ " $& $!'"# $ $ *%#! !"$("$ & ,#

O
! %( &"("1" 8*% !" ";"& %1% 3*(!% !" "$ < 4 5-% 3( ( "# ! $"7*#(5 $% . 0 #"#"$"(
"# !" K & & )9"$ P ! $* #"# % !% 3
*(!%$ !" $ #"#"$"( # "# !" KE
& )9"$

19
/"# (""$ $ * 5-%1 $ % "( ! !"$! 7 # ( &Q * 2& ' (!% $"#"(3 4 ! $C&"!!
+*""$"&" ($&% 7 () "; # "$$-% C"$ "*#
% " "; "#2( ! $$% 5-% *# % " !"
#( Q* . 0 !"&%($# & %#L( !"$" &" ($&% !" 3 5-% (% "$$% ! $
/ % 3( ( &"(%1 $$& %&% %*#%$ %$ !" 7 # ( $1 % &"$&% "& % +*" # %'
3%#" ' ( 7"& !%$ % %$ Q< %$1(%# & &"(" % (8 '" ! %(#7 # ( 1!"$ ( !%$
$* %# #"$"$&" ($&%$

% 3( !" AEED1%$ AO "$+*"& $ !" 7 # ( '%$ "& ? 8$"$ ! (-% *# % " %*


(!! %$C !"$-%1&"&<# %$! 1!" () & 3
*(!%$ #6 #%$!" "# !"D1K & & )9"$!"
"*#%$1+*" %#$* '"4$* %# ' & & $!"DK & & )9"$!""*# %$!"7 # ( $' ' $1 !$
( 7 # ( !"3( ( &"(%$ & $!"A & )9"$!"/ "*#% " $1&* $! $+* $( $3$"$
( $!% $"* % !"' !

%& $$-% *#
% " 1 #',$ !% 5 9 . /017"#!% "% *(!%
*#
% "* !" ('"$ &"(% . 01 "& !"$"& "() !% *& " #""' (" (% % %1 #',$ !%
"$ <"" &"(% !" %(# %$ !" %(#7 # ( %* % 7 # ( $1 %$ $$"& $ !" 7 # (
";$"("$(%$!'"# $%$ 8$"$1"(#"%$+* $/%#*7

% $% %#*7*2$1 7 # ( C$/ , $$"7*#! " $ % "! !"$!" # ( Q* . 01


& %# # &"(" #' ! $1 %#$* '"4 %(#7 #( ! $ .# "$$"7*#
%0 %#*& 3
*(!% Q< % ,
!""#
& ( ! "#"( 7"& !% #$ % ! $ $* $ % "# 59"$ # $" !% *(!% !" %(#7 # (
Q*% . 017"#!% " / 13
*(!% +*"1 %#$* '"41#
" "<"*& %<"#*# !" "#"# % 7# *
!% "& !""#& ( ! $% "# 59"$

"(!% "& ' $ %##"$ %(!"# C$ (" "$$! !"$ !" 3( ( &"(% !" ( ' $ "& # "$ # $
#" %()" ! $ %&% " %(%& &"(" $*$"(='"$ " +*" # "'""& % "( !" !"$"('% ' &"(%1
& %# #
7 # < $" !" "$$% % )"%1 #% %# %( (!% "& #"$ $ !" "+*"(
!&"($-% #" *#
$%$"$$"( $ % !"$"('% ' &"(% ! $* ' ! !"( $3$"$ ( $!% $"* %
!"' ! 1"& %(!59"$3'%# ='"$

" &%!% ( "#


' # %& "3 = (*& *('"#$% #7 !% !" ("76 %$!" "+*"( !&"($-% "&
3$"$ # 8 $!" !"$ "('% ' &"(% " $$& $$"7*# #*& 3" 5-% & $ "3 "(" !%$ #" *#$%$
3( ( "# %$!$ %(< 4 !%$1 37*# $" (" "$$=#% (!*4#*& %(";% 3'%# ='" % $* "$$% ! $
( ' $1 ) '"(!% +*" 0 #' "7 # ($"#5-% !%$ # %B" %$ "& #
"!"$ "$ <"" ! $ !
$% "! !" ' '% %( ! $ # $* %# # % "& # ""(!"!%#$&% " *B ' ! !" "# &
$$"7*##3 *(59"$!" "$ #*8 (% " %& () &"(% !%$ # %B
" %$R" A0 % % #C !$ %$5 -% ! $
"& # "$ $1"& $&* L("% "!"3 %#& # * ! 1&" ($&%$!" % % ""$8 &*% 3( ( "#% "(-%
3( ( "# %

#7 &"(% !% "(3
%+*"!" ( "#'"(5-% !% $"& !" # ( Q * 1("# "(" % $"* # 6 #%
#% "$$% !" %($% ! 5-% " 4 5-%1!"'"#
=1 %&% ( &"(" # "3"#!%1 %##"$ %(!"# C$
$"7*("$ '"#"("$: 0 # %B" %$ !" 3%#" %("Q!% !" (%' 5-%R A0 ("76 %$ "&"# 7"("$ !"
"+*"( "$ " ""' !% % "( !" # "$ &"(%R" D0 ( ' $ "& # "$ # $ !" ("# "$$"
#"7%(

$"& $$
"&") ("$ 2& $!% !"$"('% ' !%$"& '=#%$ 8
$"$1 %&% (%$ $%$ < ;% !"$# %$

$"& !" # ( *$#8 % . a 0 !$ 9"!" # %!* %$"$ " 83 %$ # 7 # ( % "#59"$


.+*"#!" # ,! % +*"#!" (7 # 5-% !" %# #" !" ('"$ !%# "$ #' !%$0 !"$ ( ! $
$* %# # !" B
%'"($"& # ""(!"!%#"$1 $$& %&% % ) & !% # %7# & # (%' 5-%
.: " !0 $" Q &% ' $ % # #%B" %$+*" "() & %&% #( $3 %# "$
!3"#"( !%# "$ #%!*%$%* $"#' 5%$ (%' !%#"$1(%' $ " (% %7 $. " (% %7 $!" (3%#& 5-% "
%&*( 5-%1" <*$("$$01 %% "# 5-%1 " # ! " %3"# !" < $" #"7%( %&
%( " %$ (%' !%#"$

a 7 # (" KEP !% !%$"& #


,$ &%$ # ('"$ &"(% . & " !" 1A? & )9"$
%#"& #
"$ X
% "# 5-%0 %* ?EP !% !%$"& #
,$ &%$ # #* (". & "!"

20
1? & )9"$!""*# %$ %#"& # "$ X
% "# 5-%0 $ # 4%$' # & "( # "? "AE (%$ 7 # ( !%
a , %<"# !# " &"(" "& EEP "% $ !% *$# 8 % .% "3
" % "+*' "(" % +*" "#
*& %(#7 # ( ( "7# !% C$ 7 #( $ ! $ (% $% %#*7*2$0 "$ +*"&
<"("3 &<,& !" *& %<"#*# # !% & AEEA1 a "3 " *%* N S % "# 59"$(%
' %#!" KN1 O & )9"$!""*#%$

& #(5 1 7"#" *& 3


*(!% !" 7 # ( "$ " 8 3 % !"! !% "& #"$ $( 3$"
7 #( #
"$ ! %<# " SEP !% # ,! % "& '"4 !%$ ) < * $ NEP +*" "$ "( ! !"
%( "!" # $ % "# 5 9"$ !" 3( ( &"(% % !"$ "('% ' &"(% !" "& # "$ $ ";$"("$ &
AEED1 !" () "# !" 1D & & )9"$ !" 7 # ( $ %<## "# !" A &
& )9"$!""*# %$!" # ,! %$ 7"#" (! % 3 *(!% e % " )(% %7He1*& %&<( 5-% !"
*& "& # ,$ &% " *& 7 # ( # !" #$ % / # ,& !$%1 $% "! !" "$ <"" "*
%#!%$ %& '=# $$% "! !"$!" !" #$%1 # "$ (!% )"$7 # ( !" ?EP , E (%$
.SEP # "& # "$ $ %& &"(%$!" D (%$!" ";$2( 0 % " $" +*" ";$" *& # ) !"
#$ %$"#"%# (%1<"& %&% *& & "C$ "# ! $&=;& $ %<## " . 0

$ ( %$!" # ( Q* "&-"$. ; " ! 0 (5 #& % $$"& e f# 7$ ) 3 %)("


(Ge "$" $%1% "& # "$=#% %( $% "! !" !" 7 # ( &Q * 1+*" ( $ % $"*
!%$$"# %& % % % !" ( $ $ !" "& # "$ $1 % <#7% !%$ %# !%$ %& $ $$% 59"$
"& #"$ # $" L& #$!" %&,# % $% "# 59"$ # %' ! $'2"& $"# )"$"& ! *& 7 # (
+*"1!" % $1, # "$"( ! C < ( %& ' $ %<"# 3( ( &"(% 7*($ !%$ < ( %$ !"
7 #( #"$ & &<,& $"#' 5%$ !" $$"$$%# " 3 %#& 5-% #
"!" !" < ( %$ !" 7 # (
"&-"$!",& "# !"NAP !" ( $* #"# % 1+*"(% 3( !"AEED "# !" "#
!"?1EN & & )9"$!""*# %$

21
! "
!
"#$%"&'( )( "* ++(, -! - ,+ * (# ($ "+) .(!
/"&'( (/0 $ *"&'( 1 23 0/
."*-(!*! 4-
$*( 5"!" " /() ! $ %"&'( ) + 6(# 6$/ - ( )" +(*$)") 5(! -0 0 +" 7 8(9 6$ ) -
:0 (+ 4 6$ + ) ; / +- "!<5! ( ! ++(<!$:0 %" *(#*- $
6"< 5! ()0-$
6$)") *"! "*-!4
+-$
*(+ )(+
5"4+ +/"$ +) + 6(# 6$
)(++ ;"+ $ "/ / +- !
0- 0!
"++(*$ "$+ *( =/$*"+) ! " ) +(.$
+-$
*"&'(
*$ - 4.$
*" -* (# =$*"<5"! -$
*0#"!/ - "5($ ")"+ "+/"$ +/() ! "+ * (# ($ "+) .
(!/"&'(
(/0 $ *"&'( *(!! *-"0- $
#$
%"&'( ) +-"+-* (# ($"+<- (! ")"5"! -
$*0#
"!/ - >$ - 5 # "+0"
5! /" - /0$ -( "*-$6" 6(# 0&'(< 3 8(9 - '( * !0*$ "# " +.! " +(*$ "# *(/( ( + *- (!
/5! +"! $
"# 46 # )" $'( 0! (5 $" 1 2 <" $ /5(! -
? *$" *( =/$ *" )" (*$)") )"
.
(! /"&'(3- "/;3/ 6$ ) -<!5! + - " )(0/ + *- (!!+5( +@6 #5(!* ! *") AB )(C )"
<:0 *( - !$
;0$0 *(/ DEB 5"! " ( *!+*$ / - ( )" 5! ()0-$6$)") 0! (5 $ "< :0 /5! "
"*-0"# / - FB )"+0"5(50# "&'("*-$6" .#*- $)( ++"!#6? *$ "<" (/$ ++'( 0! (5 $
"#" &(0
! * -/ - " $$ *$"-$
6" G$E E H (*$)") ) .(! /"& '( 0! (5 $" 5"! " ( *!+*$/ - (
/5! (I <*(/ (++ 0$-+(;9*- $
6(+J. #>$;$
#$%"!( / ! *")( )"+-#*(/0 $ *"&K + )(+/ $ (+
) * (/0 $ *"&'(+(*$ "#L5!(/(6 !($6 +- $
/ - ( / $6 +- $"&'( ) + 6(# 6$/ - ( * ++@! $
(,
*!$"&'( ) (6( * ( 8 *$ / - (L "!"- $!" +0" "5! (5!$"&'( +(*$ "#
</(;$ #$
%" )( " (*$)") )
.
(! /"&'( / - ()(+(++ *- (!+)"+(*$)")

'( (;+-" - "$ /5(! -


? *$" )"+ ( 5!
(* ++( ) ) + 6(# 6$/ - ( *( =/$ *( +(*$ "#
<5()
)$% !+ :0 C(! -0 "# "$)" -/ "#0/"+ # "*0 "+ " "5! +'( 0-$
#$
%"&'( )"+ / +/"+
( +$) ! + <" - 4
-0#($#0+-
!"-$
6(<"#0 +4)$ * +) ) + /5 8( ! # "-$
6(+, @! ")" (*$)") )"
.(!
/"&'( )( ( 8 *$ / - ( #";(!")(+5 # ( M(!
#) (/5 - $
6 ++N "! ;((O 1 EE 2 (
:0 ! +5 $ -" "(+ 4)$ * + / :0 C(! -0 "# "5!+ - " 0/ ) + /5 8( ! # "-$
6"/ - . !"*(
1"++$"#")(+"6 ! / #8(2* ( +-
"-"/ + "+)$ .$*0#)") +:0 C(!-0 "#-/ / ) + 6(# 6 ! "5# $
*"!
"+-* (# ($ "+ ( "*- 0"#:0")!( # "#1 F 5$ (!) + /5 8( - ! FE 5"4++ ! $ K +) - ()( (
/0 )(2 ( ;"$ >( 4 6 #)"+*"5"*$ )") + / -* (# ($"+) $. (!/"&'( 1
2 #/ )$ ++(< ( P/ ! ( ) *(/50- ")(! + 5(! 8";$
-" - "$)" 3 !)0%$ )( 1 D 5$ (!
) + /5 8(2 :0" - ((*0+- ()" -! -3! # "-$
6"/ - #6")( C # "5(+$ -
$6"<"0- $#
$%"&'()"
;" )"# "! "39@/() ! ")"1 E #0 "!2 "0- $#
$%"&'()(-#/=6 # )" -! -;"+- " - #6")(
/ # 8(!) + /5 8(< ( - "-(<!.! + "($6 +- $/ -( / -#*(/0 $ *"&K +( ) C(! -
0 "#
(*05"( F # 0 "!1 (0( / # 8(!) + /5 8() -
! (+FE 5"4++ ! $ K +2
Q$0!
" R )$
* ) (/5 -
$-$
6$)") H +-
!0-
0!" * (#
=$*"

F
FE
DF
E D
DE E
*

A
R )$

E D
F
E
E
E
"#
() $-! -

+()"$-! -
*"!

")(!+5*

" )" "! "


#

!/
#*(/+
#

-
(S *8 O$

"5$
$
S 5#

$
6 +-
6!

+()
(/50-
+ 6(#

0+-

+()

Q( -J M(!
#) (/5 -
$-$
6 ++ 5(!
-1 )"5-
"&'(2

:0")!"/ - (<)$
" =+-$*( / )$)"+!.! -+,0- $#
$%"&'()"+ :0 *( +-"/ (5!+ - *"54 -0#
(;"+ $"/
+ 5!$*$5"#/"+ '( >*#0+$
6"/ - ()(*0/ - (G $"!C(! -0 "#I*09" # ";(!
"&'(.($*((!) ")" 5 #
( $$ +-3!
$( )"
$
T *$"< * (# ($" +$( 05 !$
(! :0 *( - (0 *(/ " *(# ";(!"&'( ) (0- !(+ ) 5"!-
"/ - (+ )( (6 ! (
-
$)") + '( (6 ! "/ - "$+ )(*0/ -( 5!
$*$5"# (+ !+5 *- $
6(+ " >(+ *( -
!"/ + )$ +5( 4
6$ + /
UUU #$"!5(!-
0 "#5-
C(!-0 "#5 !/" * < ( .$"#) EED<*(/( 0/ )(+ 5"4 + + )" 0! (5" )(+:0$% 1 2*(/
0/" )"+- ">"+ /"$
+;"$>"+) 0- $
#$
%"&'( ! 0#"!) -! -1 B )" 5(50# "&'( - ! F D
" (+<. "* " D B " 2 7 5($+ ++ *$ "# +-
$/0# "!" 5 !* 5&'( )(+ 5(!-0 0 +++ (;! "
0-$
#$
)") )"+ * (# ($"+ ) .(!/"&'( (/0 $*"&'(<."*$#
$-
" )( " +0" ."/$#
$"!$
%"&'( *(/ "
0-$
#$
%"&'( ) *(/50-")(! + *(/ " -! - V0"$ +:0 !"*&K +. 0-0!"+) 6 !'( "$)"<- (! "!(
/ !*")( "*$( "#) -#*(/0 $ *"&K +/"$ +*(/5 -$-$
6(< +-$
/0# " )( "*( *(!!T *$" "!)0&'(
)(+5! &(+)(++ ! 6$
&(+) -#*(/0 $ *"&K +< 5!(/(6 )( 0/ ) + 6(# 6$
/ - ( /"$+!@5$)(
+0+- - ")( +- )(/4$ (

Q"* " +- " +$


-0"&'(< '( 8@ )P6$ )" :0 ( 5"5 #)( +- ")( *( -
$0" " + ! $ /5(!-"- "
/(;$ #
$%"&'( )$"/$ %"&'( 5"!" " (*$)") )" . (!/"&'( / C(! -0 "# 5!
(9*- ( G$"!
C(!-0 "#I "+ $$ *$
"-$
6"+ "++(*$")"+ *( +-$
-0 / "++$/ 0/ )(+ 6 *-(!+ +- !"-3$*(+ )( C#"(
* (#=$ *( )( WX (6 ! ( ( + -
$-0*$
( "#<"#"! " )( ( ?/;$-
( ) $-! 6 &'( )( +- ")( "
/(;$ #
$%"&'()" (*$)") ) .(!/"&'(<)$!$$)(( +. (!
&(5P;#$
*( 5! $
6")(5"! ""*( +(# $
)"&'(
( !. (!&( )"+$$ *$
"-$
6"+ / *0! +(<5! *8 )( # "*0 "+< 5! (/(6 )( " $(6"&'( " *! $
"&'(
) (6(+5! ()0-(+ + ! 6$
&(+<) /()( " "++ 0! "!(++ 0$-+(;9*- $6(+ " /3)$( "# ( (
5!"%(J

C!(/(6 ! 0/" *$)")" $" /() ! "< 5"!


" " :0"#( 0+( )"+ * (#($"+ ) .(!
/"&'(
(/0 $*"&'( 3 0/ $+- !
0/ - ( (! /"#) "* ++( , $.(!/"&'(<, )0*"&'(<"( -!
";"#
8(
*((5 !
"-$
6(< ,)$ +*0++'(5P;#
$*"L

"!"- $
!" *(/5 -$-
$6$
)") )( / ! *")( "*$( "#) -#*(/0 $*"&K +< / +5 *$"# ( :0 +
!.! "(+ + 0+ *0+- (+ 5"!
" (+ *$)")'(+ /5! +"+ , )$+5( $
;$#
$%"&'( !"#
$%")" )
+!6$&(+ "6" &")(+ ) :0"# $
)") < "++ 0!" )( " >$
+-T *$
" ) *( )$ &K + .*-$6"+ )
*( *(!!
T *$
""( 4 6 #)"+/ # 8(!+5! @-$
*"+ 0!
(5 $
"+L

++ 0!"!"-!
" +5"!
T *$")"")/$$ +-
!"&'(5P;#
$*" / -
()(+(++ 0+"*-
(+ "+$
/5#
$*$
)")
.
$*$
T *$
")"++0"+! #
"&K +*(/ *$
)")'(+ /5! + "+L

C!(/(6 !" 0- $
#$
%"&'( *!+* - )"+ * (# ($"+ ) .
(!/"&'( (/0 $*"&
'( 5 #( -*$
)(
/5! +"!$
"#<"5($" )( "+ /5! +"+ " +0" /() ! $
%"&'(< :0" - (* ( )$
&'( $)$+5 +@6 #,
+0" *(/5 - $
-$
6$)") $-! "*$ ( "#< , *( +'( -! !
$-(!
$"# "++$
/ *(/( "+ + 0!"! (
) + 6(#6$/ - () (6"+ /5!+"+) ;"+ -* (# =$ *"< (/ ")"/ - ) +(. -U"! L

+-$
/0#"!( ) + 6(#
6$/ - ( *$ -
4.$
*( -* (#=$*
(<5!
(/(6 )( "*-
$6$
)") +) $6 +-
$"&'(
) + 6(#
6$/ - ( / *(#
";(!"&'($-! "*$
( "#

( *! -"/ -<( ) +". $


( )" /() ! $%"&'( "-!
"63+)" (*$)") )" . (! /"&'( ( 8 *$/ - (
$
/5# $*"<5 #(#")( )" 5!(*0!"<" "/5# " "5!(5!
$"&'( +(*$"#) + -"+ -* (#($ "+<" +0" )$.
0+'( (+
6@!$(+ + *-
(! + ) "*- $6$
)") " >5#(!"&'( ) (6(+ 5! ()0-(+ +! 6$
&(+ ++ + - $
)(<
"5! + - "/ + +- *"54-0#
( "#0/"+/ )$ )"+:0 6$ +"/ "#"! "!" 0- $
#$
%"&'(< - ! "+:0"$++
) +-"*"/ ( G Q"*$
#$
-"! " - $
#$%"&'( ) (/50-")(!+ / "+" 5(! +- 0)" -+I < " G$"&'( ,
-! - / " )" "! " "+ +*(# "+I<( G * - $6( , () ! $ %"&'( )(+ $+-/"+) .(!
/"&'(
)"+ /5! +"+I < " G -! -5"! " 0/" (6" $ )")" $ "I C!- ) + "$)" "/5# $
"!( #:0 )
+! 6$&(+ .0 *$( "#
$)") +)$+5( 4 6$+ " -! - <-"$+*(/("G )(5&'()"Q"*- 0!
"&'( #* -!=$*"
5# (+ ! 6$
&(+ )" )/$$ +-!
"&'( C0;# $
*"I<"+ G " )$)"-0!"+ I<( GC(!-"#)" 0# -0!
"I (
GQ(! *$ / - () 5!
()0&K + $$ -"$
+) (*0/ - (+ $ 6! +(+ / /;$ - $$ -"#I

C#(# ")( )" (.!-"<C(!-0 "# * ++$ -" ) 0/ / ! *")( ) -#* (/0 $*"&K +/"$ +*(/5 -$
-$6(<(
) + 6(# 6$
/ - ( )"+ *"5"*$
)") + ) $6 +- $"& '( .(!
/"&'( / )(/4$ (+ / ! -+ (
"#
"! "/ - ()"! ) )"+$. !
" +- !0-0!"+ #0/"+)"+5! $*$5"$
+/ )$ )"+ +- "@! "$*# 0/
( G +-$
/0#"!" Q(! /"&'( C!(.$
++$( "# !-$
.$*"&'( / I <" G !"#
$%"&'( )" -$
#$
%"&'( )"
" )" "! "I <"+G (/0 $ *"&K +) " )" "! "+(;! * (#($" I<( G" &"/ - ()
#6$+'( $$ -"# ! ! +-
!I <( G #"! "/ - ( )" ) I ( G/5#/ - "! 5!"!" (! +"#
)" ) $ T *$"< * (# ($" (*$)") I

D
C(!-0 "#5! *$+" ) 0/ "0- T-$*( ) +".$
( ) >$T *$ " ) *( 8 *$ / - ( :0 ( #6 "(+ 4 6$ +
) * (/5 - T *$" ) 5! ()0-$
6$)") )(+5"4 + +/"$ +) + 6(#6$)(+<) 0/". (!/":0 # 8 5! /$-"
5(+$*$
( "!+ *(/( 0/" +(*$)") :0 6"# (!
$%" " *(#
";(!"&'( -
! 5 ++ ("+ $+-$
-0$
&K +<
(/ ")"/ - 6"# (!$%" )( )$ .0 )$)( ( *( 8 *$/ - ( *(/( 6"#(!+(*$"#< *( =/$
*( 3- $
*(
/" +(*$)") 5"! " " :0"#( ) + 6(# 6$/ - ( -* (#=$*(< (/ ")"/ - )"+ * (# ($ "+ )
.
(! /"&'( (/0 $*"&'(<+ 9" 0/ $+- !0/ - ( ) *! +*$
/ - ( /"+ -"/;3/ 0/" ;"+ 5"! "
0/" *0#-0!") 6! )") ) "6"# $"&'(<) "; ! -0!
" $-! "*$ ( "#
<* (/( 5$#
"!)( 5 +"/ - (
*!4
-$
*( # $6! )"6$ )") /(*! @-$
*"

! "#
$)") )" (*$)") ) .(!/"&'( ( 8 *$/ - ( / C(! -
0 "#5() *"! "*-! $
%"!+ 5 # "
;"$
>"- ">") 5 - !
"&'()" -! -! # "-$
6"/ - ,/3)$ " 0!(5 $
"<5"! -
$*0#
"! / - "++(*$ ")"+
" 4 6$+ ) $. ( >*#0+'( +$ $ .$
*"-$
6(+ " 5(50# "&'( *(/ /"$ +) " (+ *(/ 4 6$+)
$+-!0&'( $.! $
(! +"( " ( ) +*(# "!$
)") >$+- -"/;3/ 0/" "$)" . !
"*" 5 - !
"&'( )(+
*(/50- ")(!+5 ++("$ + (+" ! ")(+. "/$#$
"! + / -! /(+) 0- $#
$%"&'(<!*(! ! + , -! -
/ #"! " / )$)" 5"! " 0+0.!0$!) + ! 6$&(+ ;@+$
*(+ *(/( ( *(!!$ ( #*- !=$ *( "5 "+ 0/"
5 :0 " /$(! $" )(+5(! -
0 0 + +0- $
#$
%" ( *(/3!*$( #*- !=$*( C"!" "#3/ )" . 0 *$( "#$
)") )(
*(!!$( #*- !
=$ *(<" !
"#$)") )(+ 5(! -0 0 + + '( !*( 8 * (0- !(+ ; . 4*$
(+ #$")(+ "(
0+()"+ * (# ($"+) .(!/"&'( (/0 $ *"&'(

" + .! ")"+!# "&K + - ! (*$)")'( "")/$$ +-!


"&'(5P;#$*"<"0-$#$
%"&'()" -! --/ +$ )(
+$ $.$
*"-$6" "( 4 6 #)" ")/$$ +-! "&'( .
$+*"#1$ < - ! " ) ) *# "!"&K + ) $/5(+- (+2
</"+ 3
5(0*( +$ $ .
$*"-$
6" 5"! "" ! "#$
)") )(+ (0- !(+ + !6$
&(+ !)0%+ !
"#/ - , +$ /5#+
*( +0#-" ) $. (!/"&'( ( :0 - (*" ( #")( )" (.!-" )( / !*")(<6 ! $
.$
*" + :0 ( / ! *")(
"*$( "#) -#*(/0 $ *"&K +3"$)"5(0*( * (/5 - $
-$
6( (:0 ! +5 $ -
",(.! -") ;" )"# "! "<
.
(!-/ - )(/$")(5 # ((5 ! ")(!$*0/; - +5!&(+5! "-$
*")(+ / C(! -0 "# ("* ++()
;" )"# "! ", -! -+'(*(/5 - $-
$6(+"5 "+5"! "6(#0/ +) - !@. ( !)0%$ )(+<0/"6 %:0
"+ (.! -"+ /"$+ 0-$#
$%")"+ -T/ # $/$-+ ) - !
@. ( $-! "*$ ( "#! +-!$
-$
6(+< *( -!"!
$"/ - ,+
/ #8(! +5! @-$
*"+ 0! (5 $"+

Q$0! " :0" -$


.$
*" " 6(# 0&'( )(+ $)$*")(! + :0 -T/ +$)( -
!")$*$
( "#
/ - 0+")(+ 5"! "
*"! "*-!$%"!" 6(# 0&'( )"/(;$ #
$%"&'( )" (*$)") )" . (!/"&'( " 46 # 0!(5 0 :0 "-+- "/
"#0 + "+5 *- (+ ) +-" ! "#
$)") ;+ !6"/(+ :0 < / EED<* ! *" ) B )(+ 5(! -
0 0 ++
0- $
#$
%"6"/ ! 0# "!/ - " -! -1 $ <5 #(/ (+0/"6 %5(!+ /" "2 (/5"! "-
$6"/ -<"
03*$"-$8" * ! *" ) B ) 0- $#
$%")(! +! 0# "! +) -! - <(*05" )( " 5(+$&'( *$/ $!
" )(
!" O$ )"0- $#
$%"&'( )" -! - " $ '( 0! (5 $
" C(!(0- !
(#")(<* !*") B )(+" ! ")(+
."/$ #$
"! +5(!-0 0 + +5(++04 "/ #$"&K +, -! - / ;" )" # "! " ( .$"#) EED< :0" - (
"5 "+ B ) ++ +" ! ")(+ +- "6"/ #$")(+ ( -!
$/ +-! ) EED<*(/(- "/;3/ $ #0+-
!")(
" Q$0! " (/5"! "-
$6"/ -<" $"/"! *" -$8"< ( $4*$( ) EED<* ! *" ) FB )(+
" ! ")(+. "/$#$
"! +#$")(+< :0" - (" (! 0 ""5! + - "6"0/"- ">") 5 - !
"&'() EB
"Q$# ? )$") B
Q$0!
" 6(#
0&'( ) "#0 +)(+5!
$*$
5"$
+$)$
*")(!+:0 *"!
"*-!
$%"/ " 0-
$#
$%"&'(
) * (#
($"+) .
(!/"&'( (/0 $
*"&'(5 #
"+.
"/4
#$
"+

0/"5 ! +5 *-
$6"/"$+"#"! ")"<"Q$0! " "5! + - "(4)$ * ) )(
/ .
0 &'( )( 4 6 #) ! $
:0 %" 5"! " 6@!
$(+ 5"4++ !
"-" + ) 0/ $)$ *")(!
*(/5=+$-( :0 $*# 0$0/ *( 90- () . "*-(! +< / :0 + ) +- "*"/ :0 +-K + ;@+$
*"+ +(;! "
."*$
#$
)") ) "* ++( "(+ /"$ + /() ! (+ + !6$&(+ ) -#* (/0 $ *"&K +</"+ - "/;3/ +(;! "
5!5"! "&'( .*- $
6") *$)")'(+< /5! +"+ ")/$$ +-
!"&'(5P;#$*"5"! "("5! (6 $-
"/ - () +- "+
-* (# ($"+ C(! -
0 "#"5! + - " 6"#
(! + +05 ! $
(!+ "(+ )" ! 3*$" )" - @#
$" #
$ $!"/ -
$.! $(! +"(+)" +5" 8"

Q$0!
" R )$
* ) C!
()0-
( -! ( !
0-( / EED

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

( :0 !+5 $ -
" " *( )$&
K +) "* ++( " + ! 6$
&(+) -#*(/0 $ *"&K +<" # $"&'( , -! - /
;" )" #"! " -
!")0%+ 5(!0/" 6 # (*$)") #6")" ) "* ++( :0 "! " - "(+ 0- $
#$
%")(!+ 0/
"* ++( !@5$)( " *( -P)(+ - !")$
*$( "$+< "++$
/ *(/( ( "* ++( " *( -P)(+ /"$ +! $*(+ /
$.(!/"&'( $-! "*-$6$
)") *(/ /"$ + $-!++ 5"! "" !"#
$)") )(+ 0- $
#$
%")(! + +-
?/;$-(< (. $"#) EED<C(! -
0 "#*"! "*-! $
%"6" + 5(!0/"- ">") * ! *") A<B ( "* ++ ()
;" )" #"! "! ! <*(/ D<B "- !"63+) -* (# ($"+*";( D< EB "- !"63+) # $"&K + <
*(/($ #
0+-!")( "Q$0! " D (- + :0 "5 - !"&'() "* ++(5(!*";( +- @"( 4 6 #)"/3)$ "
)(+ 5"4+ + )" < + )( " 5 - !"&'( ) "* ++ ( 5(! *( +$)! "6 #
/ - $.! $(! ,
! +5 *-$
6" /3)$" +- " +$-
0"&'( !.#*- +(;! - 0)( (5&K +)( 5!$*$ 5"#(5 ! ")(! "*$( "#<:0 3
+$
/0# -
" "/ - (5! $*$5"#.(! * )(!) -#6$ +'(5(!*";( ( 5! $*$5"#.(! * )(!) "* ++(+

Q$0!
" D P/ !
() "++$" -+)(++ !
6$&(+) *";( 5(! EE 8";$
-" -+ / EED

Q$0!
" 6(#
0&'( )( P/ !
( ) "++$" -+) ;" )" +-
!$-
" ) ;" )" #
"! "
5(! EE 8";$
-" -+ (+5"4
+ +)" -
! EE EED
6(#0&'(!* - )"+- ">"+) 5 - !
"&'()(+)$ 6!+(++ !6$
&(+) "* ++(, -! -! 6 # ":0 <
) -! (+5"4 + +)" <C(! -
0 "#3 ( P $
*( *(/ 0/" 5 - !
"&'( ) ;" )" +-!$ -" $.!$(!"
EB ( . $"#) EED< 0/ ) "5 "+)($ +5"4+ + / :0 " 5 - !
"&'( ) "* ++(+) ;" )"
+-!$-"+ (.! 0 0/")$ /$0$ &'( !#"-$
6"/ - "(" (" -! $(! "6 ! )") < / C(!-0 "#6 !$
.$*(0
+ 0/" +- " "&'()"5 - !"&'(-(-"#) "* ++(, -! - +- 5 ! 4()( 1
Q$0!" 2
<- )( +
"++$+-
$)( +(;! -0)( " 0/"+0;+- $
-0$
&'() "* ++(+) ;" )" +- !$-
"5(!"* ++(+) ;" )" # "! "
"* ++( , -! -5(!;" )" # "! "*! +* 0 / C(! -
0 "#* !*") B -! (D !$/ +-! )
EE (5 ! 4()(8(/=# ( () EED< :0" - ("- ">") *!+*$ / - (8(/=# ( "5"!
"- ()""
.($) DEB

Q$"#/ -<) 6 "$)" (;+ ! 6"!+ :0 " 5 - !"&'( ) *(/50- ")(! +5 ++("$+3 += 5(!+$0/
+3!
$((;+-@*0#
(15!
(6"6 # / - (/"$ ++3!$
(2, !"#$
%"&'()(0+()" -! -1 Q$0!" F2 /
C(!-
0 "#"5 "+ * ! *" ) D B )(+ " ! ")(+ . "/$ #
$"! + -$8"/ 0/ * (/50-")(! / EED
"5 "+ * !*" ) FB ) +-+ " ! ")(+ )$ +50 8"/ ) 0/" # $"&'( , $-! - <5 #( :0 0/"
+-
!"-3$" ) /(;$#
$%"&'( )" (*$)") ) .(!/"&'( ( 8 *$
/ - ( ) 6 5! 6 !" . "*$
#$
-"&'(
) $* - $
6(+:0 5 ! /$-"/ /"++$
.$
*"!"":0$+$&'() *(/50- ")(!+5 #"+."/4#$
"+

Q$0!
" F C!
* -
" / ) " ! ")(+ .
"/$
#$
"!+ :0 )$
+50 8"/ ) *(/50-
")(!5 ++("# )
#
$"&'(, -! - / EE EED< )$
.! &"+ -
! +-+)($
+$)$
*")(!+5"!
" (+)($
+" (+
/ " @#
$+

A
(%
$01,( *
010
2&34.,& #*
(%#(*

(# ")( )" 5!(*0! "< " /(;$ #


$%"&'( )" (*$)") ) .(!/"&'( ) 5 ) ) . "*- (!+ ; /
*( 8 *$
)(+<$*# 0$)("*"5"*$ )") ) 0- $
#$
%"&'( (+$* - $
6(+:0 #6"/ ,+0"0- $#
$%"&'( +-
?/;$-(<" " @#$+ )"+ "*- $
6$)") + /"$ +.!:0 -+ !"# $
%")"+ "-
!"63+ )" -! - / C(! -0 "#
5! /$- *( *#0$
!:0 (+"*- 0"$
+0- $
#$
%")(! +5!.!/ +(;!- 0)(J 6$ "! ! * ; !/ +" +)
/"$#1 B2 L9 ( "!(0 ."% ! ) 9( (+</P+$
*" 64 ) (+ 1D B2L!"#$%"!"*- $6$
)") +
5!(.
$++$
( "$+1DAB2 L!"# $
%"!"*- $6$
)") +) +- 0)((0.
(!/"&'(1D B2 L5!(*0!
"!$. (!/"&'(+ (;!
; + +! 6$
&(+1 D B2 L <#!9 (! "$+ !6$ +-"+ 1 B2

(- + :0 " 5! (*0!" ) $. (!
/"&'( (++4 -$
(+)" ")/$$ +-!"&'( 5P;#$*" 3 ! .!$)" 5(!"5 "+
B )(+0-$#
$%")(!+) -! - <*(/ 5 !
* - " +"$)"/"$ +;"$>"+5"! "+ ! 6$
&(+:0 '(+'(
"5 "+ ) * ( +0#-"</ +/( :0 + !)0%"/ " +$ /5#+ 5 )$ )(+5(! /"$ # ( :0 ! +5 $ -" "(
*(/3! *$
( #*- !=$ *(< (0-!
( )(+ ."*-(! + 5(- *$ "#/ - /(;$ #$%")(! + )" (*$)") )
.(!
/"&'( ( 8 *$
/ - (< "5 "+ B )" 5(50# "&'( $)$ *" -! ! "# $%")( *(/5! "+
#*-!($ *"/ - +- 6"# (!5() !@ +-
"!"++ (*$")( , 5!.! T *$ "5 # (* (/3!*$
(- !")$*$
( "#
</"+
-"/;3/ "5!(*05"& K +) + 0! "&" 5! $
6"*$)") )"$. (!/"&'(

"; #" :0" -$.


$*" " ) +" ! "&'( )"+- ">"+) 0- $
#$
%"&'( ) -! - / C(! -0 "#+ 0 )(
(+ +*"#K+ - @!$
(+ 4 6$ +) $+- !0&'()"5(50# "&'( / EED</(+- !" )(:0 "+;"$ >"+-">"+)
5 - !"&'( )" -! -! # "-
$6"/ - , /3)$ " 0! (5 $"<"*$ /" !.! $)"+< +-
'( 5"! -$
*0#
"!/ -
"++(*$
")"+" 4 6$ +) $. ( >*#0+'(+$ $ .$*"-
$6(+ "5(50# "&'(*(/ /"$ +) " (+ *(/ 4 6$+
) $+- !0&'( $.! $
(!+"( " (1 $ < +$( ;@+$ *(2
<:0 *(! ! +5( ) " * !*") /$#
8K +)
5(!-0 0 ++ - ! D " (+ ."*-
(<"" @# $
+ /(+- !"5 ! .
$+; / )$ +-
$-(+ - ! "5(50# "&'(
*(/ .(!/"&'(+ *0 )@! $" +05 ! $(!<5"!":0"#(+ 4 6$ +) 5 - !
"&'()" -! -+'( #6")(+
*(/5"! @6 $
+*(/ (+/ # 8(!+ 4 6$ + 0! (5 0+< ( !+- " - )" 5(50# "&'( "*$( "#<5"!" :0"#(
+.(!
&() /(;$ #
$%"&'()" (*$)") ) .(!/"& '(-! @) + !5"! -
$*0#
"! / - (! $ -")(

"; #
" C!
* -
" / ) 0-
$#
$%")(!+ ) -! - 5(50#
"&'(<5(! +*"#
'( -
@!$
( 4
6 #) $+-
!0&'( /
EED

! "

$'( 0!(5 $
"")(5-(0"$$ *$
"-$
6" ! )0!
" - "C! +$)T *$"C(!-0 0 +" / "$ () EEE
+ 05!$/ $!(5#" () "*&'(5! - )$"J 2 (! "!" -! -/"$ +;"!"-"</"$+! @5$
)" + 0! "L
2 6 +- $
! "+5 ++("+ "+:0"#$
.$
*"&K +L 2 +-$
/0#"!" 0- $
#$
%"&'( )" -! - +- "+$)$
"+
5"++"!"/ .*- $6"/ - " (*05"!0/ 5"5 #* - !"# "+ (!$ -"&K + 5(#4
-$
*"+ )" (/$ ++'( /
EE < ( C#"() *
&'( ! "##$<" ;" )" # "! " -
(! (0 + $0"# / - 0/ (;9*- $
6(
.0 )"/ - "#)"+(! $ -"&K +) . $$)"+5 #" 5"!
" " (*$)") ) .
(!/"&
'(<" (!
" "++ -+
0/" +- !"-3$") /(;$ #
$%"&'( )"5!(*0!
"5"!
" (6(++ !6$
&(+< (/ ")"/ - (+)(/4$ (+)"
")/$$ +-
!"&'( 5P;#
$*"<+"P) <"5! )$ %" / =*$
(+ #*-!=$*(+< ) >5" +'( )" (.!-
")
$.!" +-!0-0!
"+ :0$ 5"/ - (+) "* ++(<$*#
0$)(-#/=6 $ +<-#6$+'( C +

/ *( . (!
/$)") *(/ "+ # $8"+ ) (! $ -"&'( 5!
(5(+-"+ 5 #
" (/$ ++'( 0! (5 $"<(+ +- ")(+
/;! (+ -T/ 6$)( " ")(5- "! +-!"-
3$"+ 5"!" " >5" +'( )" ;" )" # "! " $ 5$*"/ -<(+
(;9*- $
6(+)(+6@! $
(+ (6 ! (+* - !
"/ + /J 2C! (/(6 !("* ++(, -! -, !
"#$
)") )"
5(50#"&'(L 2 +- $
/0#"!" 0-$
#$
%"&'( ) + !
6$&(++(;! ;" )" #"! "<*(/ T ."+ / %( "+/ (+
."6(! *$)"+L 2 5($ "!( 0+( )"+ * (#($ "+) .(!/"&'( (/0 $*"&'( 5"!" "0/ - "!(
*! +*$
/ - ( *( =/$*( "5! ()0-$6$
)") )"+ /5! +"+

/ /0$ -(+ +- ")(+ /;! (+< " "*&'( )( (6 ! ( -/ 0/ .$ -( ) /( +-!")(!< "-!


"63+ )
5(#4-
$*"+) # $"&'( / ;" )" #"! " )(++ !6$&(+)" ")/$$ +-!
"&'( 5P;#
$*"< +*(#"+ 8(+5$ -"$+
)$
+5( $ ;$#
$%"&'( ) $. !
" +-!0-0!"+< ) +
) " 5"! -
$#8" ) "* ++( " 5"! -
$! )"+ ! +$)T *$"+
! +5 * -
$6" " ! "&'( )" 5!(*0!
"<"- 3,$ /5#/ - "&'( ) 5(+- (+5P;#$*(+) "* ++( , -! - <
-/ - "/;3/ +$ )( *(/5#/ - ")" 5 #". (!/"&'( "#"! ")" )" 5(50#"&'( / * (#($"+ )
.(!/"&'( (/0 $*"&'( 7 ++ *$ "# +-$/0#"!" 5 !* 5&'( )(+5(!-0 0 + ++(;! " 0- $#
$)")
)"+ * (# ($"+) .(!
/"&'( (/0 $*"&'(")(5-" )("++ 0$-+(! $ -"&K +16 !" >(2 J

"2 .
(! &"!"*"5"*$)") )"+"0- (! $
)") +! 0# ")(!
"+5"! " "! "-$! / *( )$&K +) *( *(!!T *$"
.*-$6" - ! (5 ! ")(! + "++ 0! "! / " ) .+" )(+)$ !$-(+)(+*( +0/$ )(!+) + ! 6$&(+
) -#*(/0 $ *"&K +< / 5"! -
$*0#"! " ! 0# "&'( )(+ 5! &(+< ( *( -!(#( )" :0"#$
)") )(+
+!6$&(+5! +-")(+ ")$ 60#"&'()(+$)$ *")(! +"5!(5!$")(+ / +5 *$ "#
<+ ! '(")(5-
")"+
/ )$)"+:0 5 ! /$-"/ "++ 0! "!0/ 6 ! )") $!(/ ! *")( *( *(!! *$"# " (.! -
" ) ;" )"
#
"! "<) "*(!)(*(/ "+/ # 8(! +5! @-
$*"+$-! "*$ ( "$+L

;2 "!"-$!/ *"$+/(+ ) *( +0#-


""- ()(+ (+ (5 !")(!+ 5"!
" " ":0$
+$&'( *(/5 -$-
$6" )"
-(-"#
$)") )(+ + !
6$&(+ ) -#*(/0 $ *"&K + 5 #
( +-")( (0-!
"+ - $)") + 5P;#
$*"+
5!(/(6 !" !"#$
%"&'()(0+()(+ !6$&() 6(%+(;! -! - L

*2 ++ 0!"!*( )$
&K +) . (!
/"&'("- ()((5 ++("#)"")/$$ +-
!"&'(5P;#$
*"< +5 *$"#
/ -(
) /"$+;"$>"+:0"#$
.$
*"&K +<* !-
$.$
*" )( + *(/5 -T *$"+"):0$!$
)"+<!.(!&" )( " .
(!/"&'(
/ * (#
($ "+ ) .
(!/"&'( (/0 $
*"&'( 5!(/(6 )( " 0- $#
$%"&'( *!+* - )
+$
+-/"+(5 ! "-
$6(+ '(5!(5!$-@!$
(+5(!- ()(+(++ !6$
&(+5P;# $
*(+L

)2 $+5( $;$
#$
%"! / #(*"#P $*( )" -! --()(+(+*( *0!
+(+)" ")/$$ +-
!"&'( 5P;#
$*" * -
!"#
(0 #(*"#5"!" " ":0$
+$&'( ) ; + + !6$&(+ 5"!" " *( -
!"-
"&'( ) 5 ++("#<$*# 0$)( (
! +5 *-$
6(8$+-
(!$"# ) *$+K +L

2 ++ 0! "!( "* ++( $-!"*-$6( "(+ + !6$


&(+ 5P;#
$*(+<" 5(++$
;$#
$)") ) * (/5#-"!(+ "*-
(+
")/$$ +-
!"-$
6(+ *(!! -+ + / ) +# (*"&K + 5"! " "#
3/ )(+ 8(! @!
$(+ (!/"$
+<0+" )( "+
-* (#($ "+ ) *(/0 $ *"&'( )$ +5( 46$+ 1 -! - < /"+ -"/;3/ -#. ( < 0# -$
;" *(
*(!
!$ (2< ) 6 )( ( ) + /5 8( )(+ + ! 6$
&(+ 5P;# $
*(+ " (*$)") )" . (!
/"&'( + !
*( -!
(#")( "6"# $
")() . (!
/"$) 5 ) -L

.
2 "!"-
$!" !"#
$%"&'( )" .
"*-
0!"&'( #*-
!=$*" " /"$(!$
" )"+ -
!" +"*&K + *(/ !
*$"$
+<
(;!
$" )( + ( +-")("")(5- "!"5!@-$
*")".
"*-
0!"&'( #*-
!=$ *""-
3. $"#) EEFL

2 +-
$/0#
"! *!
$"!"+*( )$
&K +5"!
"() + 6(#
6$/ -
()(-#-
!";"#
8( )"-#/ )$
*$"L

82 5($
"!"$- !
"&'() *$
)")'(+*
(/ * ++$
)") + +5 *
$"$
+ " (*$)") )" .
(!/"&'(

/(;$ #
$%"&'( )" (*$)") ) .
(!/"&'( ) 5 ) . (!-/ - )" *! +* - !
"#$
%"&'( )(
"* ++( ,+ * (# ($"+ ) .(!/"&'( (/0 $*"&'( 1 2 < / 5"!-$*0#"! , -! - <*(/
$/5"*-( )$! *-( " :0"#$)") ) 6$ )"< " + 0!" &" (- !
";"#8( )"+5 ++("+ ( 9 0- "/ -
*(/ ("5($ (,$(6"&'( *(/ "5! $
(!$
)") )")""() + 6(# 6$/ - ()(*"5$ -"#80/" (<""5(+- "
""5! (5!$"&'(+(*$"# *( =/$ *")"+ 30/ #/ - (*! 4
-$
*()(5! (9*-()(C# " ( * (# =$*(
)( (6 ! ( 5"! " ( ) + 6(# 6$/ - ( )" +(*$)") 5(! -
0 0 +" 5!(9*- ( G$"! C(! -0 "#
I
$$*$
"-$
6"+ "++(*$ ")"+ 3 " 5!
(5(+-" )( (6 ! ( 5"! " )"!! + 5(+-" " +-+ ) +". $
(+ - ! "+
0/" +- !"-
3$ " ) "/5# " /(;$#$
%"&'( )"+ 5 ++("+ (! " $%"&K + 5"! " ( *!+*$/ - (< (
/5! (<( 0+( !"#
$%")( )"+ * (# ($"+) .
(!/"&'( (/0 $*"&'( " 6"# (!$
%"&'( )(

E
*( 8 *$
/ - (< *
(/ "+ + 0$-+ / - "+ 5"!" E E< +-
"; #*$
)"+ - )( / *( -
" (
:0")!"/ -() C(!
-0 "# (*
( ->-
( 0!(5 0J

"2 .
!" +-
!0-
0!"+ "* +
+(+J

05#$
*"!(+0-$
#$%")(! +! 0#
"!+)" -! -
<:0 ) 6 !
'( 0#
-!"5"++"!FEB )" 5(50#
"&'(
5(!
-0 0 +"<"-
3 E EL

!
$5#
$*"!( P/ !
( ) " ! ")(+ .
"/$
#$
"! + *(/ "* ++( , -! - / ;" )" #
"! " 5"!
"
/"$+) EB "-3 E EL

0#
-$
5#$
*"!( P/ !( ) *(/50-")(!+ "+ +*(#
"+<) .
(!/" " "-
$ $
!" 5!
(5(!
&'( /3)$
"
) 0/ *(/50-
")(!5(!*")" +-0)" -+"-
3 E EL

++ 0!"! :0 ( 5! &( )( + !6$&( ) "* ++( 5 !/" - , -! - / ;" )" # "! "
0-$
#$
%")( 5 #
" /"$
(!$
" )" 5(50#
"&'( 5(!-
0 0 +" ) 6 !
@ +$-
0"!+ -
! (+-!T+/"$
+;"$>(+
)" < / E E<$*# 0$)(- !
@. ($ #
$/$-
")( ""++$"- 0!
") # $8"-#.=$*"

;2 !
$"&'() /5! (<) + 6(#
6$/ -
( *( =/$
*( "5!
(5!
$"&'(+(*$
"#J

0/ -"!( P/ !() /5! (+)(+ *-


(!)"+ * (#
($ "+) .
(!/"&'( (/0 $
*"&'(
5"!
" B )(-
(-"#) /5! (1
!5!+ - " )(* !
*") DDEEE (6(+ /5! (+2
L

0/ -"!" 5 !
* -" / ) -
!";"#
8")(! +:0 0-
$#
$%"/ *(/50-
")(!+ #
$")(+ , -! -
( /5! (5"!"5 #
(/ (+DEBL

0/ - "!" 0-
$#
$%"&'( ) *(/3!
*$( #*-
!=$
*( ) .
(!/" ! 0#
"!5"!
"5 #
(/ (+ B )"
5(50#
"&'(L

++ 0!
"!")$
+5( $
;$#
$%"&'( ) -
()(+(++ !
6$&(+5P;#
$*(+;@+$
*(+

$$*$
"-$
6" G$"! C(! -
0 "#I 5!(5!$
"/ - )$ -" "++0/ *(/( 5!$(!
$)") + ( +-"; #*$
/ - ()
/ -"+*#"!"+ 6 ! $
.$
*@6 $
+<" )$ 60#"&'( )(+ 5!( ! ++
(+!"#$
%")(+ " "6"# $
"&'( $) 5 ) -<
! 0#"! - !" +5"! - )(++$ +-/"+) $. (!
/"&'( )" ")/$$+-!
"&'( )(++ ! 6$
&(+5P;#$*(+ +
/ -"+ ! +5 $-" -+ " G$.!" +- !0-0!
"+ "* ++(+I "*$
/" 0 *$
")"+ +'( 5"!-$
*0#"!/ -
! #6" -+

+0* ++( ) G$"!C(! -


0 "#I ) (0- !"+$$ *$
"-$
6"+"++(*$
")"+) 5 ) ! @< / #"! " / )$)"<)"
*!$
"&'( 0- $#
$%"&'( ) (6(++ ! 6$&(+ *( -P)(+<6$ " -! - <-!
" +6 !+"$
+" /P# -
$5#
(++ *- (! +
)" +(*$)") < *(/ $ /5"*-( )$!* -( " :0"# $
)") ) 6$ )" ( -
!";"#8( )(+ *$)")'(+
)$"/$ %"&'( ) 0/ (6( *$ *#
( /(;$ #$
%")(!)" (*$)") )" . (!
/"&'( )( ( 8 *$ / - ( /
C(!-0 "# 6(# 6 *( * - !"!( +. (!&( 5P;#
$*( 0/ *( 90- (# $
/$-")( ; / ) . $$
)( ) "*&K +
5!$*$5"$+:0 + ! '("*(/5" 8")"+5(!0/ *( 9 0- ()$
6! +$
.$*")() (0-!"+"*&K + (?/;$ -()"+
(!$ -"&K + +-!"-3$*"+) .$$)"+
!"

# $ %&
!"# #$ !% &%' ($ ') #% $( )$&! % $ %&*) % $ &%" +# #$ !" ,
$(!-&$(!$)%)$&! % (%. $/% ($ ') # #$ &#'(! 0 1 ! '0)$&!$2$) "$3#$') )'# &4
5'$ %&((!$ & /0 46% #% %&7$ )$&! %8! 9& : $"%0'46% &#'(! 0;%' & /0 46% #%
%&7$ )$&!% %! . 0 7% : $"%0
'46% # <%#'!"# #$; 2! $)%(') /0 46% #% %&7$ )$&! %
% %&7$ )$&! % : $"%0'46% #$ $(! 6%;1 $=$ # ! &(= % ) 46% . ($ ($ $) &! $0>?&
7') & 2 %&7$ )$&! %$ !"# #$2$ =3 '(% #$ &%" ( ) ! 9 (/ ) (1 (!( @0 !) (25'$
$&>0%. ) &=% ) 46%2/ %/ $# #$ &#'(! 0 2 /!0 !"% $ /!0&! $0
$! ' 07') &%2(6%
&$ $((- ( 8 (%. $""?& $ % $( )$&! % $ %&*) % & $ # %& % ?& >0%. 01
%&7$ )$&!%9/% $(! $)%!"%%= ! % #$! . 07%) ( )/% !&! $2A'&!&#% ($ % /!0$ %
! .0 7%1 $ # >0 %. 03 46%2 %)/$!46% $&!$ # #$( > &7 # "$3) ( $(/ 4%2$)
#$! )$&!% # %)/$!46% $&!$ / B ($(1 $ = !%2. ($ ($ # "$3) ( & !"# #$ $ &
/!#6%/ !
% & $(( !"# #$$) 0 ' %1

!"# #$/%#$ ($ $&! $&## 2#$') )%#% %& (%2 %)% + / # #$#$ / %#'46% 5'$($
) &= $(! /$0 % >& 0# #$ &"$&!" $ &%" !" 2 / # #$ #$ "$ % )$()% 5'$ ! %#
>$&!$2 ) ( /$&( #$ )%#% #= $$&!$,
1 (()2/%#$ % % $ &#"#' 0 )$&!$ ) ( &6% /%#$
/ %#'3 )/ ! % $ %&*) %1<% (' "$32 &%" 46% % % $ ($)/ $ & &! $= $ $ 0" &
!"# #$ >$ # )%&!&!$ / 5'$ /%(( % >& )/ ! % $ %&*) %1 &%" 46% $
!"# #$ $& %&! ) ($ #$ )6%( # # ( $2') "$3 5'$ ! "9( # (! ! 9> #$ (.% ( $
$(!.$0$ $' %)% %.A $ !"% !
%& & ) ( %)/$!!" $ #&C) $ %&%) . ($ # &%
%&7$ )$&!% ! 9 %=& 0# #9 # 2)$0 7% # &%" 46%9 ' 0/ ($ !&>
$(! =& 0# #$1

%(@0!)%( &%(2 ( &#@(! ( !" (! % & ) ($&') = %&!


$ )/% !&!$#$#$($&"%0 ")$&! %
$ %&*) % $ ( % 0 2 %) ') /%(46% # "$3) (= %!
$ %&B "$0#% %)9 % )'&# 0#$! %#%(
%( / B($(2 #$($&"%0"#%( %' $) #$($&"%0")$&!
%1 $(!
$ )%)$&! %2 $&!$ D EF #%(
! .0 7 #% $(#%(/ B ($() ( &#'(! 03 #%(#%)'&#%! . 07 ) &%($ !% !"%$) #"$ ( (
- $ ( #% %&7$ )$&! %2! ( %)% $ %&%) 2 ( ?& (2 ($&>$&7 (2 &#@(! ( #$ . ($
!$ &%0
*> 2 ! $(2)@( 2 '0 !' 2#$(>&1

/ $($&!$ /B !
'0% > $> 0 >') &=% ) 46% (%. $ )/% !C& # !"# #$ &% )'&#%
!
'0 2 / $($&!&#% ') . $"$ #$( 46% #% <% $((% !"%2# 0(($ !" $ % G &# $ #$
!"# #$ / 0>'&( / B
($( # &6% ' %/$ $ H #$=&$ ($ % %& $! % #$ &#@(! (
!" (2$(/$ = ) ($%(($ ! %$(5'$$(!( &#@(! ($&>0 %. )2 / $( $&! ($% / %.0 $) #
/ ! $ =3($ $= $ ?& 8( # #$( !" (1 /B
!'0
% / $($&! &# # #%( $ %&*) %(
$0$" &!$($) !$)%(#$ $( )$&! %2 %)9 % &! $ & %& 0 2$)/ $>% $ $=$!% )'0 !/0 #% H%
$&% &#% 9 $(%0 7#% %)% $I$)/0% #$ .% (/ -! ( $ 0 >'&(#$!0 7$( (%. $ $(!$ (% (6%
& 0( #%(H=& 0
)$&! $2 ()$## (/ % (%<% ! '>'?((6% / $($&!# (

$>'&#% 7 #J0% # $ $&$ & >0: EEK; 2 /!#6%/ %)/$! $/ %(


/$ & $ %&%)
>0
%. 0&6%($0) ! !'0)$&!$8!% #$.$&($($"4%(%' %= 0
'I%#$ /!0$ &"$(!)$&! %L
. ($ ($ # "$3 ) ( & + 7 .0# #$ # ( & 4
M$( $) ! 2 $! $ $ #$($&"%0
"$ /$((% (
!" (,
1 $(!
$)%#%2#$ % #% %) %()$()%( '! % $(2 %)/$!!"# #$='!' " #$/$&#$
#%( '#% $( )$&!%$ %&*) %2 $ &%0%> 2 0$&!
%$ %0$ C& 2 %)%#$( ! % . I%1

%&! )$&! $ %( )%#$0


%( ! # %& ( 5'$ #$=
$&#$) 5'$ %)/$!!"# #$ ($ =3 %) . ($
& ( $)/ $( (2! . 0
7% $ !
$ &%0
%> 2% )%#$0% #%( ' #$=
$&#$ 5'$ $(! 9 =
$! ! "9( #
()*+,+-./2 /,
(*0+ $ +,(12*).
/1 !"# #$ $ )$). %(# 0(($ !" $(!
6% $) 0
% (
5'$/%((' ) $(!$($0
$)$&!%(2$ # ') #$(! $($0$)$&!
%(9&$ $((- %) (&6%('= $&! $2 (!
%
92+
/ ! /$((% ( !" (2>$ &%" 46% $ $(!)'0 % #$($&"%0
")$&!
% $ %&*) %2')
0
'> #$"$ %&!
$ %(!?( (,
1

$ &%0
%> 9%$0
$)$&!% $&! 0#%( (2+
9') = '&46%#$ %& $&! 46%#$ &%" 46%$#$ 0
!
!
$ &%0
%> &') $>6%,2$>$ / %> $((%!$ &%0
*> %$ $( )$&!% 0 %&>%/ 3 %1

0$&!
%9%/ *I)%$0 $)$&!%2($&#% )/% !&! $& )$## $) 5'$/$(( % ( %) ') &B"$0) (
$0$" #% #$ $#' 46% %&! .'$) / % #$($&"%0")$&!% $ %&*) % #$ ') / B
(1< 7 #
J0% # 2%!0 $&!%$&>0%. 5'$0(/$(( % (5'$/%(('$) /$0 %)$&%(. 7 $0! %%'%'!%#/0 %)
#$&B"$0('/$ % 1 % (%/% ! '>'?(2/ 5'$($ %&(> ) '0 ! / (( 0>'&( %&(! &>)$&! %(2
&%)$ # )$&! $ %&B"$0#$ $( )$&! %$ %&*) %2 %)/$!!"# #$$/ %#'!"# #$29&$ $((- %
/%(! &') &%" . ($#$ $( )$&! %$ %&*) %1 (! . ($('>$ $2$&!$%'! ( %( (25'$( $
& $&!"$) ($)/ $( ( /%(! $) &#"B #'%(5' 0= #%(25'$/%(( ) )9#%$0 %&>% / 3%
%&! .' #$ (" )$&! $/ % ')$&! % # &%" 4 6% $ %&($5'$&!
$ ')$&!% #$ / %#'!"# #$1
(!%/%5'$ &%" 46% $ #%/46% #$ &%" (! $ &%0
%> ( $5'$$) %)/$! ?& ( #$5' # ( %(
&%"%(#$( =%(1

%0
$C& 9%! $ $% $ = $ ! /%((.0# #$# (& 4M$($ $>M$()%.03 $) (' / */
/ # #$ #$ !"# #$ $ %)/$! $) $) !$)%( #$ !0$&!% !"%1N' &!
% ) ( .$ ! $
!
%0$ &!$=
% ') $>6%%'& 46%2) (= - 0(
$ - ! !0 $&!%1

/ # #$ #$ &%" 46% #$ ') / B


(O$>6% /$) !$07$ %)/$! %) %'! ($ %&%) (2% 5'$
((')$ ') )/% !C& $0
$" &!$ &') )'&#% # "$3 ) ( >0 %. 0
1 (()2 &%" 46% 9
$(/$ 0 )$&!
$&$ $((- &%5'$( $ $=$ $8 &!
$ & %& 03 46%# $ %&%) /% !'>'$( 1 ! "9(
#$02 /%#$$)%( %= $$ $ &% )$ #% )'&# 0 .$&( ! &( %&-"$( #= $$& #%( 5'$
$/ $($&!) $0
$" #% " 0
% $($&!#% / %(/ B
($(5'$ %( #5' $)2% 5'$ &%(!%& ) (
%)/$!!"%(1

0(($ !" #$"$- ($ /%(('#% #% !0


$&!
% $!
%0$ C& 5'$/$ ) !) &%" $ /%(! &
!
$ &%0
%> 2#$)%#% !$ %)% $('0 !#%=& 0') $( )$&!%$ %&*) %1

)! $ )%($(!!B
(! %(2 0(($ !" 9#$=&# %)%%&@)$%#$! . 0 7 #% $($) $)/ $>%(
!"%( $) /$ $&!>$) #% $)/ $>% ! %!01 (! 0((= 46% $&>0 %. $&!(!(2$&>$&7$ %(2
!(!(2)@( %(2 5'! $!%(2>$(!% $(2$%'!%(!/%(#$! . 0 7%5'$0# ) %) ! $=( !" (1
( $(!) !" ( #$ 7 # J0% # /%&!) / 5'$ 0(($ !" $(!$A $( $2#$ ')
)%#% >$ 0 2#$ =%) -/# & ) % #%( / B ($( $' %/$'(2 %) ') )9# #$ $( )$&! %
&' 0#$ PF #$(#$ QQD1 0&# = % %/ B( 5'$ !$"$ % $( )$&! % ) ( $I $/ %& 0#$(#$
QQD2 %) ') !I )9# #$ $( )$&! % &' 0>' 0 P2 RF1 $! %#%(%(/ B ($(# 3%& ' %2
<% !'> 0=% % @& % / $($&! " 0 %$(#$ $( )$&! % &$> !"%(2!0 %)% /%#$)%("$ =
! "9(# J >' 1
1(').
3(*0
+ 4/ ,
/''( 51+ 6 1.
/0.
7/

Irlanda

Holanda
Suécia

Dinamarca
Itália
EUA

Bélgica
Aústria

Alemanha
Espanha
Finlândia

Grécia
Reino Unido
Port ugal

K E K R
8
(1)(*0
/-(3 3 94.
/ /*5/,4( 7/1.
/:;+ 4('4( #
J >' 1

J%&!
$L 2 .%' !!(! ( !. ($27! !
/LOO
0.%(!10%1
%>/ %(/ B
($( ' %/$'(H ' $ '%= .%
!!(! (/ %( 1 %!L %#%(%(# #%( $=
$$&!$( / B
($($' %/$'((6% 0((= #%(#$ % #% %) % / # 6%
Q 1 0
!)% &%#(/%&B
"$0/ 0&# 2 $&% &#%$ L QQQ2 90> L QQ 2/ %( $(!&!
$(/ B($(L EEE

K
<% !'> 0% '/ % @0 !)% 0'> $) %)/ 46% %) %( $(!&! $( / B
($( $) $(!'#% 5' &#%
%.($" )%(% G &# $ ' %S !"%2!0 %)% #$)%&(! .$0 11 (! $B&# $ /$ ) !$ =3$
%)/ 4M$( %&B "$0# %)/$!!"# #$& %& 0& # #$ !" $9') )$## %)/%(! /%
!?( B&# $(L#$ !0 $&!%2!$ &%0
%> $ !%0$ C& 1 %&(!! ($ &# 5'$ % $&!% # !"# #$
$(!- )'# ($ #$ / B ($( ! # %& 0
)$&! $ /%#$ %(
%(2 %)% J &4 2 0 $) &7 $ 2/
/B ($(&% &% !
$ # ' %/ : '9 $ J &0 C&# 2/% $I$)/0 %;
25'$ / $&!) ! $ ') " &!>$)
%)/ !" #(!&! $) ! $)%(#$ !"# #$1

.$0 1LG
&# $ ' %S !"%

G
&# $#$ 0
$&!
% G
&# $#$ $ &%0
%> G
&# $#$ %0
$C&
*4.
)( 51+6 1
./0
.7+ G
&# $(#$L G
&# $(#$L G
&# $(#$L

0!
0(($ /!0 0$&!% $ &$
&T&> 0((= 46% !" ') &% $&!B
=% &%" 46% &%" 46% U !!
'#$ 0
%$( I/ $((6%
1 '9 E2 P
1 E2
P &1
#1 K
1
J &0
C&# E2
P K R K D E
K1 %0&# E2
RP E R K D K
D1 & ) E2
D Q D K D D R P
R1 0
$) &7 E2
DP K P R K Q
P1 90
> E2
D R P Q P
1 E2
D D Q R Q Q R
Q1
J &4 E2
KR &1
#1 D E D P
E1 @(! E2
K K E E Q E D
1 0&# E2P R E Q D D P
1(/ &7 E2P E K K
1!
-0 E2K K
K1 9 E2 P Q D K K D K R
# +1 0
5-/, <= # # #
+0/" (" 0 %$( /$($&!#%(& ( %0
'& ( $=
$$) ($ 8 /%(46% $0!" #$ # / B
(&% $(/$ !"% B
&# $
:/% $I$)/0 %L%&@)$ % & %0 '& #$ /!07') &%(>&= 5'$$(($/ B (% '/ V/%(46%$) ! $)%(#
#)$&(6%#$ /!07') &%;
>+*0 (" 7 #J0% # $ $&$ & >0: EEK;
2+ ' %/$ &!
7$ $ !"$ >$,

$&#% $) %&! 5'$ % G &# $ ' %S !"% 9 ') )$## $(! -! 25'$ /! (!
' 46% #$ ')
/B ( &') /%&! % $(/$ B
= % #$ !$)/%2 !).9) /%#$ - ($ )/% !&! $! $ ') )$## 5'$
/$(/$ !"$ $"%0 '46%#%(/ B($( %0%&>%#%! $)/%1 G &# $#$ $&#?& # ' %S !"# #$
/$) ! $%.!$ $(( &= % ) 46%2 /$( #$=3$ '(% /$& (#$ (L!$ &%0%> $!0 $&!%1 %! %/%
# .$0 125'$ ($ $= $$ $(! $B
&# $2=>' 0&# $) / )$ % 0 '> 1<% ! '> 0% '/ %
!$ $ %0 '> # !.$02$( !&#% ') #(! C& (>&= !" # &) 2/ B(5'$ =>' &
5' ! /%(46%1 $(! $)%#%2! $)%(') )'# &4 & /%(46% % '/ # /% <% ! '> 0
25'$/ ((
!$ ') #$($)/$&7% ) # )9# 1 % $&!&! %29 &$ $((- % 5'$ <% !'> 0 (((! ')
0
!$ 46% # -(! & (' /%(46% #$ )%#% 5'$ /%(( %)/$! %) %(%'!%(/ B ($(& # #$
!" 1<%#$)%( &# %.($" 5'$7-') $"#?& # "$3) % / 5'$ 7 .0# #$$)
! /$((% ($(!$A (%=$ ') / % $((% #$ &= 0
$I6%2') "$35'$% / B (5'$&%(@0 !)%( &%(
% '/%' ($)/ $ ') 0 '> #$ #$(!5'$ $) ! $ )%( #$ %)/$!!"# #$ $ / # #$ $) !
/$((% (#$! %#%%)'&#%= % ) %( 1<$0 / )$ "$32$(( " &!>$) / $ $$(! /%(! $)
/$ >%2%5'$ ! $) %)% $('0 !#% ') #$( # #%( / %#9 )% 0 '> # !.$01 ) # (
/%((B"$( 3M$(/ 5'$ ((%/%(( (' $#$ 9 0.$ 03 46%# /%0 B
! #$ ) > 46%& ' %/ 2
& #-$ '(!-0 1

(%($=3$(($'(%#$# #%( $0!"%(8!


%0$C& 2 0&# % '/ ') 0
'> &=
$%

D
.$0 1LG
&# $#$ $&#?& # ' %S !"# #$S $&#?& #$ $( )$&!
%#% 0
$&!
%$ $ &%0
%> #$(#$ QQD
*4.
)(4( (*4?*)./4/ $( )$&!% $( )$&!
%
51+@ 1
./0
.7.
4/4( $( )$&!
%# $( )$&!
%
#% 0 $&!
% #(
0(($ !" U
$&!
B=% <!$&!
$(
&T&> 0((= 46%

1 0&# E2Q
1
J &0
C&# E2
RE E R
+10
5-/, <=
#
K1 & ) E2 K R
D1(/ &7 E2P Q D K
R1 9 E2R R K Q
P1 '9 E2D Q D E
P1 90
> E2D D E P D
Q1 @(! E2K E Q
E1 E2 P P K P
1 %0&# E2P E
10
$) &7 E2E K
1!
-0 E2 R D
K1 E2D K
D1
J &4 E2
E &1
#1 D D
%!L + G
&# $#$ $( )$&! %, $/$($&! )9# # (!I (#$ $( )$&! % &' (#$(#$ QQD
!9 %@0!)% &%#(/%&B
"$01
J%&!
$L 7 #J0 % # $ $&$ & >0: EEK;2+ ' %/$ &!
7$ $ !"$ >$,

!"# #$ $(!- ! % & ($ &') # "$3 ) ( )/% !&!


$ &% / % $((% / %#'!"% #$
!%#%( %( .$&( $ ($"4%(2 ) ( 7- ') > '/% #$ !"# #$( & ( 5' ( 9 '( # %) ')
$(/$ = # #$/ %=((%& 0#$$0$" #%> 'L ( &#@(! ( !" (1

/ $ )$&!% #% %& $!
% # ( &#@(! ( !" ( $)$!
$/ %( &B %( #%( &%( QE &
'(!-0 2) (=% "$# #$ )$&!$ #$($&"%0
"#% /$0 : $/ !)$&!
=
% '0 !
' $2 $# &# /% ! ;&% $&% &#%2$) QQP2/$0% %"$ &%#$ %&W 0 1

%)% #$=&46% #$ &#@(! ( !" (9 /%((B


"$0 %&(#$ L

! " # :7 ( )! 72 XY(
$/ !
)$&!%= '0
!' $2 $# &# /% !;%' $ %
% & '
& ( ' )
*#: $ !"$ 0'(!$ (S $#$#$$&!# #$(5'$ !
') & %&%) !" ;
1

$(!
$ )%#%2% %& $!% #$ &#@(! ( !" (9 " -"$02/%#$ ($ #=$$&!$ #$ / B
(/ /B(2
) ( &0 ' 5'$0( &#@(! ($) 5'$ !"# #$ 9 & % /% # &% &@ 0
$% #% &$>* %1 (()2
$(!( &#@(
! ((6%()'0 !&$ )$&!$ !$2 ?& $ $>* %1

$>'&#% % +, - . / 2%( ($ !
% $(S 7 "$ #$&!= #%( 5'$
% $(/%&#$) $(! #$=&46%(6%%(($>'&!
$(L

<'.0 # #$

5'!
$!'

$ #%#$ !
$($ &!>'# #$(

%#

J0
)$(2 B
#$%(%%'! (/ %#'4M$( '#%"(' (

R
- -= %

/ 0 #' %& 0$#$ 3$

@( % "%$ "#

!
$(<$=
% ) !" ($ &!$!
$&)$&!
%

=
'(6% ! "9(# $0
$"(6%2 -#%$ &!
$ &$!

( ! $<'.0 46%

Z /%((B
"$0 & 0
' &# ($ !
% $( 5'$ $&"%0
") ! $ &%0
%> #$ /%&!2 %)% &"$(!> 46% $)
?& ( # "# %' $&>$&7 1 / ! )*&% '0 !
' 0 2!' ()% $ )'(
$'(2 (6% !).9)
#$&!= #%( %)%$(!&#%/ *I)%(# ( &#@(! ( !" (1

!
' ! '&&&>7 )2 $ ! % #% $ !"$ &#'(! $( $($ 7 &# //0 !%&( $&!$ : ;
2
N'$$&(0&# &"$(! W %= $ 7&%0
%>W2 $($&! 5'$ !%#%( $(!
$( ($ !
% $( +!
?) % /%!
$& 0#$
>$ $)/ $>% $ 5'$3 ! "9( # $I/0% 46% # A1 +A1.(4/4( .*0(,()0
5/,,: 1
S EE ; 1

( &#@(! ( !" ( =
'& %& ) &# %)% )/0
/,.
'/4+1
(' #$ %'!%( ($ !
% $( $ %&*) %(
1
$(!
$)%#%2/%#$)%( %&(#$ 5'$(6%L

1
/*'()0 +1.
/.' /% 5'$ (6% )%0
# # ( /$0 0> 46% $&!$ ( &#@(! ( #$ )$# $
&=% ) 46%2$($! % $( '0
!' 0$# ( !$(H

1/*'A1+B.
''.+*/. ' /% 5'$ (6% )%0 # # ( /$0 '&6% #$ #"$(%( #%)B &%( #$
$)/$&7%O$(=% 4% !"% : !
$( "(' (2%=B %(2"B
#$%(2)@( 2$!1 ;2% 5'$ /$) !$%
#$($&"%0
")$&! % #$ .$&($ ($ "4%( ! "9(#% / %"$!)$&!% #$ &%" (%/% !'&# #$(
/ %'( %#$&%"%()$%($! $ &%0
%> (H

1/*'-+7(1*/3(*0/.
' &% ($&!#% $) 5'$ $(!
$ )/% #$ /%0B
! ( $ 4M$( "- %(
&B
"$(A '&! ') %)/0 $I $#$#$/ ! / &! $( &!
$$(( #%(: ;2! ( %)%
'0!
' 2 %)9 %2 &#@(! $ #' 46%2$&!$%'!%(2/ 46%$ )/0
$)$&!46%#$
/%0
B! ( %&A'&!(1

( &#@(! ( !" ( / %"% ) &# ') )/ ! % /%(!"% "- %( &B


"$(LA '&!
% #%( >$&!$(
!"%(2A'&!% #$ %'!%( ( $!% $( # $ %&%) : ! ( %)% ! &(/% !
$( $ 0%>B
(! 2 %)9 % $
($"4%(;2& $ %&%) #%/ B ($& 5' 0# #$#$"# : %/$) ! ') "# '0 !' 0&!$&( ;
1 $
= !%2 !"# #$ >$ .$&$= B %(5'$ % &B"$0#% &#"B#'%25'$ % &B"$0# %> &3 46% %'
(% $# #$1 % &B "$0#% &#"B #'% /% 5'$ >$ .$) $(! $ ( !(=46% &% ! . 07%1 % &B
"$0#
% > &3 46% ! #'3($ /$0 % (' >)$&! % #$ #$ ( &(/ #% ( $ &%" #% ( 5'$ = $ !)
/%(!" )$&! $ / %#'46%1

% $# #$ !" 2 / $% '/ 46%$%="% $ )$&! %#$ !!'#$( !" (#$"$($ $(!$&##%


!%# ( ( / %=((M$( $ !"# #$( !" (2$ &6% /$& ( 85'$0( 5'$ %)/M$) % &@ 0 $% #
!"# #$ :%)% ( &#@(! ( !" (;1 $"$ $I(! ') $=$!% #$ %&!->% 5'$ /%!$& $ %
(B(.
0+35, 0.A,
.)/4+1#$(!( &#@(! (2.$&$= &#%! %# $$ %&%) $(% $# #$1

%) %( " &4 %(!$ &%0


*> %(# @0 !) #9 # 2 / ! #$/ %#'!%( '0
!' (! ( %)%)@( 2
=0)$( %' 0 &=% )-! % !
% &%' ($ &') > "$ / %.0 $) &6% (* &%(/ B($( #$(
$&"%0"#%(
) (!).9) &%(/ B ($($) #$($&"%0
")$&! %1 $ 0# #$2 )/0 (9 ( %&($5'?& (/
'0!
' 0 % 0 2 !"# #$ $ #$($&"%0")$&! % $ %&*) % $ ! $) $= $!
%( #$( (!%(%( / %
$( )$&!% #$ &#@(! ( !" (0% (1 $ % #% %) $(!) !" ( $ $&! $(2 / ! '(
!'0)$&!$ /$# #$ E EEE $)/ $>%(/% &%&%( $ EE EEE & ' %/ 1

P
#$($&"%0")$&! % #$ !0 $&!
% !"% !0 %)% / %#'46%2) T$!&> $ #(! .'46% #$ )@( 2
0 &=
% )-! %$=0 )$(2 / $($&! ') $0$" #% (%$ '(! %#$ &"$(!)$&!%1 (# $! %(#$
'!% ) & $&!"%( / 5'$ ( $)/ $( ( ((') ) ( %( #$ &"$(!)$&! %2 $#$&#% 0
7$( %
# $! % $I 0
'("% #$ %&!%0 $I/0
% 46% #%( / %#'!
%( '0!' ( 5'$ / %#'3$)1 .'(% #$
# $! %(#$ '! % /% / !(#$.$&( '0 !' (=3 %) 5'$%( !(!(5'$! ?) %# $! % $ $.$
0
' %( /$0 % ($' $(=% 4% !"% % /$ )1 ( $#! % ( (6% =
% 4 # ( #) &' (' 0(! #$
!(!(2= &#% %) )$&%(#&7$ %/ &"$(! $2 %)$()% !$)/%2% %"$ &%/$ #$ $ $!(
#$ )/%(! %( /%!
$& (1 ( %&(') #% $( !).9) /$#$)2') "$3 5'$ "?$) $#'3# ('
%=$ ! #$.$&( '0 !
' (1

) # ( 3M$( /%&!# ( / % ')$&! %# / ! 9%= ! % #%( %&(') #% $( &6%


/$ $.$$) 5'$ %)/ #$ / %#'!%( =0(= #%( 9 ') %'.% 8 / %/ $# #$ &!$0
$! ' 0$
&#'(! 0 #$ $)/ $( ( $ ) (1 ) $(! '#% $ 03 #% /% #' ( '&"$ (# #$( . !C& (
:#"'0
> #% /$0
% + - % %&*) %,; $"$0 5'$ ) % #%( %&(') #% $(&6% %&(#$ 5'$
*/ $ #$( > #$) ! $ 00$> 0($A ') !"# #$ )% 02 ) &%( %' $/ %"-"$01

!'0)$&!$2 /$( #$ &6% ($ %&($>' $) %.! $ $(


!) !" ( / $ ( (2 / ! 9 ') # (
!"# #$() (/ *(/$ (# $ %&%) 2 &# 5'$ &= %) 0 1 ) <% !
'> 0
2%(/ %#'!
%(=0(= #%(
& -$ #% 0 &= % )-! % :
5'$ $/ $($&!) ($&("$0)$&! $ )$!#$ #$(!
$( / %#'!%(;
2
'(!) /% &% )07M$(#$ $' %(#$ &6% $ # #% :($>'&#% +$"(! < 9) %, ;1 )
EEK > # J ( 0 / $$&#$'&%&%((%/ B
(P1K ) 0 7M$(#$$' %($) / %#'!
%(=0(= #%(1

("$&# (&6% '!% 3 # (#$) !


$ 0-'#%! %!03 ) 2 ) 0) 0 7M$(#$$' %($) EEK2%5'$
$/ $($&! KF #% !
%!0#$ '&# #$( "$&## ( $) !
%#% % )'&#% :
J$#$ 46% &!
$ & %& 0#
&#@(! J%&%> -= ;1 '($A2') $) # !?("$&# (#$#( %(&6%9 '! % 3# 1

/ ! & - $ #%( $( $' $) <% !


'> 0 KEEF $) EEK1< !
$ )%(') #$ # (
/$# ( %) / ! &$(! -$ 2') =0 )$ 5'$ $ #$ E ) 0) 0
7M$(#$ #*0 $(&% &$)
/%#$>$ ) ( R ) 0) 0 7M$( %) "$&# #$ $$I.46%& !$0
$"(6%:($>'&#% + '(&$((
[$$T,;
1 (!
%($-/%((B"$0($&6%$I(! / ! 1

<% !'> 09 ') #%(/ B


($(# ' %/ 5'$ ) (/ %#'3$ $I/% ! =0
(= 4M$(2(%. $!
'#% & -$
!?I!02($>'&#% &(/$ 46% $ 0# ( !"# #$( %&*) (1

%)'&#% ! ' 0$>0


%. 0
2 %)/$!46%$&!$ # #$(> &7 # "$3) ($(/ 4%1 $ 0# #$2
5' &#%') /$((% !$) %)%%.A $ !"%=3$ ') " >$) #$03$ %')'# #$0 % 0#$! . 0 7%2
!%) )'!("$3$(') #$ (6%! $&#%$) %&! # #$/ %&#$#$($A $) "$3#$! $ !&! %
$) %&(#$ 46% % / B( 5'$ $(( )$() # #$ /$ !
$& $1 $(!
$ )%#%29 )/% !&!
$/ %(
/B ($(!
$ $) # #$(5'$ %& % ) $&!$(2!&! % &B "$0& %& 0 %)% &B"$0&!$& %& 01

7 # J0% # #$= $&#$ 5'$ % (' $((% # ( # #$( $ # $ %&%) ' . & " #$/$&#$ # ('
/ # #$/ ! &%" 0(($ !" 2/%(('#% #$$0 $" # )%.0# #$1 / # #$#$
! 46% #$ !0 $&!% #$ ') # #$ #$ " # (' #"$ (# #$ '0 !' 0
2 =.0# #$ #% 0% 02
!%0
$C& / /$((% ( &6% %&"$& %& (2 $&!$ %'!%( = ! %$(1 !0$&!
% !"% $ %
$)/ $$&#$#% ()% (' >$) & ( # #$($ (6% = %)$&!#%(/$0($(!'! ' ((% ($ '0 !' (#
-$ 1 ! '0 )$&!$(6% $ %&7$ # ( (0> 4M$($ $046%$&!$ /!0 !"%25' 0# #$#$"#
$ %)/$!!"# #$2$ $(! $ $ %&7$ )$&! %!$"$ %)% $('0!#% %&(#$ ( &#@(! ( !" (
') = !% $ %&*) %(9 %5'$#$"$($ /%&#$ #%& 5'$(! 6%# " .0# #$# ( # #$(1

&!$%($0
$)$&!
%($(($& (8( # #$( !" (/%#$)%( $=
$ %(($>'&!
$(L

%#%( %( # #6%( #$"$) !


$ /%((.0# #$ #$ #$($&"%0
"$ ( (' ( / # #$( !" (2
($&#%/ ((%&$ $((- % ).$&!$(#$! . 07% = -"$(2!$)/%0"$2/ %)%46%# '!0# #$
#%(.$&( '0
!' (2$&!$%'!%(H
( &"$(# #$(2 ( %0( 9 & (2 &(!!'!
%(#$<$(5'( 2 $ !%(
2 .0%!
$ ($ &(!!
'4M$(
'0
!' (#$"$) (
$" %)% &= $(!'! ' (#$('/% !
$# !"# #$H

( /%0
B! ( ).$&! ( !?) ') / /$0 )/% !&!
$ #$($)/$&7 2!0 %)% / $($"
7$ &4 '0 !
' 0$ ).$&! $2%5'$)$0
7% 5' 0# #$#$"# 2=
%)$&! ($&(.0# #$$
!"# #$#%( # #6%(H

Z &$ $((- ') . ($$ %&*) ('(!


$&!
-"$0/ ('/% ! ') $>6% !" 2 %&B
"$0#%
$&#)$&! % $ $((.0# #$ #%(.$&( ! B
(! %($ '0!
' (2 &"$(!)$&!
% $) &= $(!'!' (
$.$&( '0 !
' (2$ &# ! $)/%0"$1

( # #$((6% !$ $&% =
9!0/ /0 46% # (/%0
B! ($)$ &()%(/ !"# #$ $ (
&#@(! ( !" ( %&! .'$) / (' $>$&$ 46% $ %&*) $ (% 0 2$/ (' / */
#$&!# #$1 ! 46%#$!0 $&!%2$$) / ! '0 #$!0 $&!
% !"%2! $) ') )/ ! %/%(!"%&%
$A'"$&$( )$&!% # # #$2 & $5' 0= 46% ' . & 2 & " 0 % 3 46% #% / ! )*&%2
&!$ & %& 03 46% # # #$2$&!$ %'!%(2$ %&! .' &# / ') ) % %)/$!!"# #$ $
! 46%# ( # #$(1

) !$)%( #$ )/0 4 M$( /%0B


! ( 5'$ (' >$) & 46% $ / %)%46% # ( # #$( !" ( $
$(! !
9> ( 5'$ %( >%"$ &%( #$"$) ($>' 2 0>') ( # ( %& 0 '(M$( %.!# ( & %&=$?& #
+ '0#&> &# <%)%!&> $ !"$ !$(, $= $$) ($ L /%% & '. #% ($ 2
') "$3 5'$ $& % A ) (( B
! 2('/% ! $ #$ "$&# ( $ &%" 46%H/ %)%46% # &#@(!
!" / % !
' ()%H $ &$ $((# #$ #$ ') )$0 7% %)'& 46% $&!$ &(!! '4M$(
>%"$& )$&! (1

!'0)$&!$2($>'&#% # #%(# 2 ( &#@(! ( !" ( %&! .'$) >0%. 0)$&!$ %) ) (


#$ PF # / %#'46% )'&# 0$ $(/$ ($ 5'$ &%(/ *I)%( &%( $(4 ) ') !I )9# #$
EF1 (!( &#@(! ( $/ $($&!) A - ') ($ !% #$ 0#$ &4 / 0>'&(/ B($(2&%)$ # )$&!$
# 2 %) !I ( &' ( #$ $( )$&! % #$ D E /% $&! % $ %)$4 ) # "$3 ) (
($ $) "(!( %)% ') /% ! / $ %&%) # &= %) 4 6%1 ! "9(# J >' 1 /%#$)%(
%.($" %/$(%# ( &#@(! ( !" (& 0>'&(/ B($( $) 5'$ !&>$" 0 %$( $0$" &!
$(1

J >' 1 S F &#'(! ( !" (&%<


(1)(*0
/-(3 4/' *4C'0
1./' 1.
/0.
7/'*+

9I %

$&% &#%

'(! 0

%" \$0
C&#

%&>X%&>

(0

E K R
(1)(*0
/-(3 D << E << F

'&6% $&!$ !$ &%0


%> /!0&! $0
$! ' 0=% &$ $ / & / 0=%&!
$ #$ 5'$3 &$(!$ ($ !
% 2%
5'$ (>&= 5'$ ') / $&#3 >$) %&! B&' $ ') $0 $" #% > ' #$ $I/$ )$&!46% (6%
='&# )$&! (/ !&> ') $( )$&! % ')'0!"% $ ('(!
$&!#%1 (! ) (!' /%#$ / %"%
') $( )$&!% )'! % -/#%2 ($&#% $(!$ ! '0 )$&!
$ ) ( $0$" #% & ( &#@(! ( #$ . ($
!$ &%0
*> : / %> ) (#$(%= !] $$A %>%(;$) (. I% %&B "$0# )@( $=0 )$(1

) "$35'$%(# #%(=
% ) %.!#%(A'&!
%#$ # / B( &#"#' 0
)$&!
$29&$ $((- %!$ 0
>') '# #%& ('
&!
$/ $!46%/%(&6%/%#$)%( %& 0
' 5'$%( !9 %('!03 #%(=
% ) $I !)$&! $%()$()%(1

Q
)! $ )%(#$)+391 ).
+. *0
(1*/).
+*/,2% %)9 %#$.$&( '0 !
' ( $/ $($&!%' $ #$ 1F
#%!%!0# ( )/% !4M$()'&# ($) QQP1 ) Q E $(! $" 0
% $ >' 0 2 DF1 (!% $/ $($&!
') ')$&! %& ( )/% !4M$(#$KP2P ) 0) 0
7M$(#$#*0 $(%' #*0 $( )'&# 0$)
Q E2/ 2P ) 0) 0
7M$(#$#*0 $(%'KK2 P #*0 $( )'&# 0$) QQ 1 %$&!&! %2
$(!
$ %)9 % %&!&' %& $&! #% $) /%' %(/ B ($(L$) QQ 2 /B($(=% ) $(/%&(-"$(
/% ) (#$ EF # ( )/% !4M$($ /B($(/$0 )$() / %/% 46%#$$I/% !4 M$(1

) QQ 2%(/ & / ( %&(') #% $(#$.$&( '0 !' ((! '") (


$&%( : 2 ) 0) 0 7M$(#$
#*0 $(;
2 %&> X%&> : K2
K ) 0) 0
7M$( #$ #*0 $(;
2 &# :R ) 0) 0
7M$( #$ #*0 $(;$
'(!-0 : 2 ) 0) 0
7M$(#$#*0 $(;1

/$( #$7 "$ / B ($($) 5'$ 0(($ !" !$) ) (/$(%#%5'$&%'!%(2$) !


$ )%(>0
%. (
$(! 0(($ (%=$' ') $( )$&! % /%(!"% $ (>&= !"% % 0
%&>%# (@0!) (#9 # (1 J >'
1 )%(! $"%0
'46% # A(1 )(*0/-(3 4( 0 1/G/,
H/4+1
(' */ ()+*+3.
/ )1.
/0.
7/ $) / B
($(
#$($&"%0
"#%(1

J >' 1S "%0
'46%# F #$! . 0
7 #% $(& %&%) !" &%(< B
($( $($&"%0
"#%(
7+,5:;+ 4/ (1)(*0
/-(3 4(
1/G/,
H/4+1('*/ )+*+3. / 1./0.
7/
( Paí ses D esenvo lvid o s)

8 D

E
QEE QDE EEE
*+'

) EE 2& D2$(!)%' ($5'$K2 ) 07M$(#$/$((% (! . 07 " ) $) &#@(! ( '0 !' (2


%5'$(>&= 2
DF #%$)/ $>%! %!0 1 %$&!&!%2&$) !
%#%(%(/ B ($(/ $ $) $(! )'#
(' $(!'!' / ') $ %&%) !" %' / ') $(!'! ' % '/ %& 0 !" 2($&#%
<% !
'> 0') $I$)/0%#((% % / $($&! /$& ( 2 KF #$ ! . 07 #% $($) &#@(! ( !" (2
!0 %)% 9 #$)%&(! #% ! "9(# J >' 1
K1 %( $(!&! $( (!#%( $). %(2! $)%(" 0 % $(
5'$ " ) $&!$ 2 KF / (0
%"-5' 2 2F / $/@.0 7$ $ 'I$).' >%2 2F
/ % $&% &#%2 2F / %0&# $ '9 2 2 DF / J &0
C&# $ 2PF / (!
*& 2
($&#%$(!
$@0!)%%" 0 % ) ($0$" #%1

J >' 1
KS )/ $>%$) &#@(! ( !" (

3A1(-+ (3 *4C'0
1./' 1.
/0.
7/'D << F
/,4(

3,5
/-(3 4+ +0
('

3
H/4+1

2,5

2
/G/,

1,5
)(*0
1

0,5
(1

J%&!
$L ' %(!!

% &B"$0# 2 ( $(!!B(! ( /%&!) / 5'$ &6% 7 A > &#$( #=$$&4 ( $) !$)%( #$


$)/ $>%$) &#@(! ( !" (&%5'$($ $= $$ %($I%$ # #$(#%(! . 0 7 #% $(1 %$&!&!%2
$>(!) ($ !$B(! ($(/$ B= (5' &#%($=0 $) (45)/:;+1 ) EE 2 /%/'046% !"
& ( &#@(! ( '0
!' (& D / $($&! ') $#' 46%('/$ % 8= % 4 0.% 0! %!02') "$3
5'$KEF #%(! . 07 #% $( '0
!' (! $) $#' 46% %&B "$0#%$&(&%('/$ % $$(! $" 0
% 9 >' 0
/$& ( KF $) !$ )%( #$ $)/ $>% !%!01 ) !%#%( %( (!#%( $). %( = % $>(!# ')
/$ $&!>$) ) ( $0 $" # #$ ! . 0 7 #% $( %) $#' 46% #$ &B "$0('/$ % & ( &#@(! (

E
'0!
' ( #% 5'$ &% $)/ $>% !
%!0
2!0 %)% #$)%&(
! J >' 1
D1 $(!$ )%#%2!
$)%( %(
$I$)/0
%(# ! 'C& : PQF %)/ %) D F;
2 D :
KEF %)/ %) KF;$<% !'> 0
& @0!) /%(46%: DF %)/ %) F; 1

J >' 1
D S <$ $&!>$) #$ .0
7 #%$( #' #%(: EE ;

(1)(*0
/-(3 4( 1/G/, H/4+1('&1/45/4+'
: EE ;
E
PE
RE
DE
KE
E
E
E
E
< ^ D J <

*4C'0
1./' 1.
/0.
7/' 3A1(-+ +0
/,

J%&!
$L ' %(!!

$ % #% %) %( # #%( %.!#%( /$0 2 1 2%( 5' ( ($ /%#$)


%.($" ! "9(# J >' 1R2$) EE #46% $ '!%( (/$ !
- '0
%( .(% " ) )$!#$ #
/$ $&!>$) #$$)/ $>%$) !"# #$( '0
!' (1

J >' 1
RS )/ $>%$) !"# #$( '0
!' (&

3A1(-+ (3 )0
.7.
4/4(' 5,
051/.
'*/
Edição

Cinema e Video

Rádio e TV

Outros Espectáculo s

Agências Noticiosas

Outras A ctividades Culturais

Co mércio Cultural

Arquitectura

Outros

Diversos

%!L (!
$(# #%( $=
$$) ($ EE
J%&!
$L (TJ%' $#$ )/ $>% '0!' 0

!"

) (%5'$/%#$( $ !%) #% %)% 9% $&% &#%2&6%( */% ! $ (#%/%&$ %$)


!$)%(#$#$($&"%0 ")$&!%# ( &#@(! ( !" () (!).9) /$0 %%.A$ !"%#$! % & % $&%
&#% &% $&!% !"% )'&# 0$/$0 %( $('0
!#%(%.!#%(1 (# #%(#% $=
$$) 5'$L$)
EE 2 ( &#@(! ( !" ( $/ $($&! ) 2F #% 0 % $( $&!#% '! %: ;#% $&%
&#% $ ((' ($I/% !4M$( %&! .'B ) %) 2
K .0M$(#$ 0. (/ . 0&4 %)$ 0 2%
5'$ $/ $(
$&! $ #$K2F #$! %#%(%(.$&($($"4%($I/% !#%(H$(!( &#@(! ( $( $ )
') )9# #$ F % &% $&!$ QQP $ EE H $&!$ QQP $ EE ( $I/% !4M$( #$(!(
&#@(! ( $( $ ) ') )9# #$ DF % &%H $) _ '&7% #$ EE 2% &@)$% ! %!0#$
! .07 #% $($) $)/ $>%( !"%($ >' 0 2 Q )07M$(H$) EE 7 " $ #$ EEE
$)/ $( ($) ($ !
% $(#$ &#@(! ( !" ( $>(!# (&% &! $ $/ ! )$&!0 '(&$(( $>(! $
: ;
1

( &#@(! ( !" ( A '# ) ! &(


=%) 0>') ( # #$(2 ! ( %)% & 7$(
!$2
!$(7$ #$ 0(>%]1 @0 !) #9 # 2%(($ ! %$(#$(!( &#@(! ( $($ ) ') !I #' (
"$3$( ('/$ % 8 $ %&%) >0 %. 0
1 ! '0)$&!$2 %&! .'$) / O # $ %&%) #% $&%
&#%2% " 0% ) ($0 $" #% $) !$ )%()'&# (1 ) %&# $(2! ?) ') /$(% ('/$ % % ($ !%
=& & $ % : %&=
$?& # 0
%. 0 0
0 & $2 2+
< !
&$ (7/( %& !
7$ %"$,
2 $!
$). % #$
EED;1

/ & / 0%.A
$ !"% #% - . 3/ 9 /% ( &#@(! ( !" (
2
A
'# &#% ( !&> %($' /0
$&%/%!$& 0$ %&*) %1< $(($$=$!
%2=
% ) "- ( ()$## (
!
%) # (2 0>') (# (5' ( / $($&!)%($) ($>'# 1

% > &3%' %&= $?& ($ %'!%($"$&! %( %) % %.A $ !"% #$ #$. !$ (('&! %((%. $ (
&#@(! ( !" (1 ! B!
'0% #$ $I$)/0 %2 $ 03%' ($ ') %&=$?& & %& 0(%. $ % $((%
=& & )$&! %25'$ ! $"$ %)% =& 0# #$ 0 $! % %"$ &% / ( . $ ( 5'$ = $ !) (
&#@(! ( !" (1 $(! $$"$&! %25'$/%#$-($ '( #% %)%)%#$0 %/ %&=$ ?& ( $>%& (
!$&#% $) %&! 5'$ # $>6% /%#$- / $($&! / %.0 $) ( #(!&! %(2=% ) = $!( 0 >') (
$ %)$&# 4M$(1 &# &$(! $ C).! %2= % #% % + ('((%& J% '),5'$ ! $) %)% =& 0# #$
$ $.$ #$ ( #% /@.0 % $) >$ 0(%. $ % 5'$ ($ /%#$ =3$ / )$07% ( &#@(! (
!" (1Z &$ $((- % ') $>(! % / 9"%2=$! % ! "9(#% (! $ #% $ $(! &(!!'46% ! $&!
# ( $)/ $ ') $(/%(! !%# ( ( /$((% ( 5'$ / ! / )1 46% #$ ') = * ') %)
&"$ (# #$( #% $&% &#% 5'$ A '&! )$). %( #% %"$ &%2 &#@(! ( !" ( $
$(!.$0$ )$&! %( $#' !"%(2 = % %'! # ( )$## ( ! %) # ( /$0 % &$(! ) ! 9 1 (
$&!# #$( $=$ # (/ $(!) %&($0 7 )$&! % % &(! 9 %(%. $/%0 B! ($(! ! 9> ( $0 %& # (
%) $#' 46% $ &"$(!> 46% & ( &#@(! ( !" (#% $&% &#%1 (! $=* ') #$&!= %' !?(
- $ (/ & / (%&#$ ($ - ! . 0 7 &') = '!' % / *I)%L$)/ $$&#$#% ()%2! &(= $?& #$
!$ &%0
%> $ + (T00
(,1 % $&% &#% = % !).9) $0.% #% ') $(! '#% / $(!) %"0 %
$ %&*) % $ %&! .'46% # ( &#@(! ( !" ( $&!$ QQ $ EE 1 ! '0)$&!$ $(!6%
%&(#$ =3 $ ') !$ $ %#% ')$&! %(%. $$(!$ (('&! %2) ( ! ' 03 #%1

% &B"$0# $I/% !46% #$ .$&($ ($"4%(#$ ($ !%$(# ( &#@(! ( !" (2/ $ %&3%' ($ %
#$($&"%0")$&!%#$') $(! ! 9> 2 %) A'# #%+, 3 $%'!%(/ $ %(#%
%"$ &%1 (!
$! . 07% $(!
- ($ = $!
% % &B"$0#$ K > '/%(#$ ($ !
% $(L I/% !4M$( !" (H
< ! )*&% '0 !
' 0$ ' ()%H- H$ $($&"%0")$&! % &!
$& %& 0# ( ! $(<$ =% ) !" (1
%.A$ !"% 9 #$&!= . $ ( $ /%(! $ % )$&! $ / $(! %&($07 )$&!% (%. $ (('&! %(
$0 %& #%( %) %($&! "$(8$I/% !46%#$.$&($($"4%(1 $&% &#%! $) %&( ?& 5'$
% ) &7% ($ ($>'#% &6% #$"$- ($ ! $&! #$(!%& %'!%( / B ($(2) ( () ! ?0%( %)%
0 #%(2#$ )%#% 5'$ ($ /%(( ) $#$( #$ !"# #$ ') /%' % /% ! %#% % )'&#%2
/ !0 7 #$ ($ &"$&4M$(1 '!% #%(%.A $ !"%(($- !).9) ! $ ') $(! ! 9> #= $$&!$/
# ($ !%1

)! $ )%(#$= % ) 46%#$A %"$&(2% !%)%' 0>') ()$## (2($&#%% $&!$= % $ !"$


'(&$(( ') .%) $I$)/0 %1 (!$ $&!% = % #% $) %&# $( $ 9 ') A %&!"$&!
' $ $&!$
&"$ (# #$ #$ ! $( #$ %&# $( $ %&#%& '(&$(( 7%%05'$ ! $) /% %.A
$ !"% +&(/ 2
$#' $$5'/ $)/ $$&#$#% $(# ( &#@(! ( !" (,2%'($A2/$ ) ! %$&(&% %&A'&!%#
!"# #$ $ &$>* %1 ) ! $ )%( #$ $&(&% &6% '&"$ (!- %2% $ % $/ ! )$&! =
%
#' !%& &# T0 0
($(! 6% $"$ )/% !C& # !"# #$ & ($( %0( %) =& 0# #$ #$
/' )$07% =%) / ( $( %0( /% $) !"# #$1 %) %0.% 46% #% -
/ %#'3' ') = %07$!
% $ ') (! $ (%. $ %&( $0
7 )$&!% #$ $ (/ A
%"$&( 5'$
5'$ ) ! . 0 7 & ( &#@(! ( !" (1

# $( $&!
$ )/% ! C& # / %/ $# #$ &!
$0$!'0 2= % #$($&"%0
"#% ') /% !0( %. $
< %/ $# #$ &!$0
$! ' 05'$ /$ ) !
$ ') ($ "4% !' 03 #% / % /@.0 % $) >$ 0
2/$((
% (#$
&$>* %($ &"$&!% $(1

< A'# ( &#@(! ( !" (2% ! .07 %) "- %( / $ %(2! ( %)%L #$


< !&$ ( XH $/ !)$&!%= #$U &#'(!WH $/ ! )$&!=% #' !%& U T00
(H '(!
%)(U
I ($H &0&# $"$&'$H< !
$&! == $H >!0 %&!
$&!J% ')HJ <'.0 /0
%) W $/ ! )$&!
H
!
( %'& 0H 7$ !(7 %'& 0$ ((% 4M$( $ !% (1

) "$35'$&6%#( /M$#$= '&#%(/ */ %(2% $0.% %'%+ $ !"$ &#'(! $( %&$W /,2
5'$ %=
$$ $ %&! ! %( #$!0
7 #%( #$ % > &3 4
M$( 5'$ /%#$) A'# =& & ( &#@(! (
!" ( %&(% &!
$ $>6%H %' % + '( %&$W /, / A
'# /$5'$& ( $ )9# (
$)/ $( (2 %)$ ( $ &6% %)$ (H$ $(!.$0$ $' 0> 4M$( %) % !%& 0 &#%])$&!=
%
$& $2 $ 7&%0%>W U !
7$ ! (: ;2 &(!!
'46% 5'$ =& & /$((% ( &#"#' ( %) #$ (
&%" ($ !" (1

# $ %&

5' &!# #$ $ 5' 0# #$ #% /!07') &% #$ ') / B (! ?) "&#% #$=& %( / C)$!%(#$


(' $((%1 ( ! '0 )$&!$2 !"# #$ $(!
- ($ # "$3) ( $ %&7$ # %)% ') !"%
$(! !9> % 7 "$25'$ 0$" % $( )$&! % $ %&*) % $ #$!$) & ') &!$> 46% %) (' $((%
&') $ %&%) >0 %. 0$$) %&(!&!$)'# &4 1

( &#@(! ( !" (!?) ') $&% )$/%! $& 0#$ $( )$&! % 5'$/%#$($ '( #% / !%&
%(/ B ($() ( %)/$!!"%($#$($&"%0 "$ &%" (%/% ! '&# #$(2$ ()$## ( / $($&!# (&$(! $
/B!'0% #$($)/$&7 ) ') / /$0 = '&# )$&!0 / % (% <% !'>'?( & %.! $&46% #$(!$(
$('0!#%(1 /! /% $(! $ ) &7% )/0 $ %&7$ $ &! ' $3 $(/$ B
= # ( &#@(! (
!" (L !"%( &!&>B "$(2/ % $((%( #$ 0 $&4 2/ & B/%( #$ $)/ $$&#$#% ()% $ >$(!6%2
/ %/ $# #$ &! $0
$!'0 1 (!% " $5'$ $ ') = % ) #$ /$&( $(! ! 9> # / ! $ #% /%#$
/%0B
! %2& %& 0$ &! $& %& 0 1

<0&% $ &%0
*> % #$=&$ %)% / & / ( %.A
$ !"%( $(! !
9> %( &% /B
!'0
% # ( &#@(! (
!" (L

1 "'0
> $/ %)%"$ % %& $!
%#$ &#@(! !" $) <% !
'> 0
H

1 %&(%0# .(
$#$ %&!
$@#%( '0
!' ($ &=
% ) !"%(H

1<%)%"$ % /%! $& 0$ %&*) % # ( &#@(! ( !" (/$0


% $((
% % =& & )$&!
% $ %(
$ ' (%(7') &%(H

K1<%)%"$ ( # #$( !" ($) <% !


'> 0
1
! "#$%& ' $( )& * &+#(, + ' !&- ( . /)& 0#10#$%# '&1"# 0 '&1(
$%#$ 0(&$ (1,
0#$%
*&* 1 0&$'(/2#1 0&$0& #$0((1 ' 1 #0&$&"(1,$&"# ' "#$% # $ % 0/)& '# +&*+ $/
#1% $!#( # $ #3+& %/)& '#-#$1#1#4( /&1 5# $% # % 0#$6 (
&, 1#"+ #1 1+& %
*!*#1 11 7
+&'#)&4#$0 # #1%#1'#1 8(
&11# *"#$% #" &1#* $9 4# '#+ &'*% (
4(' '##'#0&"+#%(%
(4(' '#,
& :*# +& 1* 4#. ("+( 0 *" "&'#& '# #0&$&"( - 1# '& $ 0(/)& '# 4 & 0#10#$%'&
% 4;1 ' ( $&4 /)&, ' % #0$&&!(, ' ( $4#1%
(!/ )& # '#1#$4&4( "#$%
&, ' &!9 1%(
0, '
0&"#0( (. /)&,' + &"&/)&#' ( $%
# "#'(/)&

'#1 8(
& #0&$7"(0& :*# 5& %*! #$8#$% ; & '# *"#$% & 4 & 0#10#$%'& & ( %"&
'#1#<'&, % 0&"& 0&$1 ! '& $ 1% %;!( 0(
&$ + & #1#$4&4( "#$% & =*1%#$%64#
> =? @@A @ A :*# % #" 0&"& &-<#0% (
4& 11#!* *" 0#10("#$% &" (1 6+('& ' #0&$&"(
+& %*!*#1 ,+# "(%
($'& B# #% &" '($C"(0 '# 0&$4#!D$0( 0 &$0#%
(. /)& '#1%# &-<
#0%(
4&
'#4#6 11#$% $*" 0#10( "#$% & " ( 1 6+('& ' + &'*% (
4(' '#, 11&0('& *" 8 &%#
($4#1%(
"#$%& $&11#0%& #1'# -#$1% $1 00( &$64#(
1,& :*#+ 1# 0&"+ %9
4# 0&" 0(/)& '#
#"+ #!& #3(!# *" "*' $/ $& + ' )& '# 0% (
4(' '#1 '& + 9
1,$*" 1#$% (
'& " ( 1 1(
$%&$(
. '&
0&" '( $C"(0 '&0 &";0(&($%# $ 0(
&$

E(
!* FG $'(
0#'# &"+#%(
%(
4(' '#F $%
#$ 0(&$ (
. /)&
> (1%
C$0( &H%(
"&+ 9 1'& $I($!?

R anking d e Po r t ug al

50 45 46
43 44
45
40
35
30
25
16 17
20
15 9 9
10
5
0

E&$%
#J K& ' &"+#%
(%(
4#$#11 #+&%> ' +%/)&?

& #$%$% &,*" - #4# 0 0% #(. /)& ' 1( %


* /)& +& %*!*#1 + %( '&1 46(&1 9
$'(0#1 '#
0&"+#%(%
(4(
' '# # -& '&1+#& >K L? @@A ##4 :*# &
0 "($B& +# 0& # + 0&$0#%(. /)& '#1%
# &-<#0%
(4& ; #3(
!#$%
# M#<"&1,+& #3#"+&,&1
:* %& +(&#1 9$'(0#1 $ 6# ' ( $%# $ 0(
&$ (. /)& ' #0&$&"( +& % *!*#1 , 11($ '&1
4# "#B& $ E( !* ,'#1%0 $'& 1 # +# $#! % (
4 & ' - $/ 0& #$% # N #4(
'#$%# :*# 1
#"+ #1 1+& %*!*#1 1%D" $)&17'# ! &11#*1"#0 '&1#& #:*#'#+ &'*% &1#3+& %'&1,
#1+#0( "#$%#&1-#$1'# % % #0$&&!(," 1%"-;" '#( $4#1%
(" ( 1$&#3%#(&

&$1( '# $'& !& &1:* %& "#B& #19 $'(


0#1> 11($ '&1#" .*? ,$&%# 1##" + ("#(& *!
+&1( /)&84&64# ' .)&'#%&0 +& % *!*#1 >9$'( 0#'&1+ #/&1' 1#3+& %/2#1'#5& % *!
#" % #"&1 '&1 + #/ &1 ' 1 1* 1 (
"+& %/2#1? &$1%% # 1# ($' :*# ; '#1#< 64# :*# 5& %*!
#8& 0# #3+& %/)& '# 1#4( /&1 0&"# 0((1 # :*# +&1% #8 &%#"#$% # $& 1#0%& '& % *(1"& '#
8&" 1*1%#$% 0%* -& + #1%/)& " # /)& O 0 +%/)& '& $4#1% (
"#$% & (#0% &
1% $!#(& > ?, +#1 ' 0% * -& 0 11( 8
(0 /)& $& K L,5& % *! % #" '# *"#$% 1*
0 +%/)& '# #1%*% * $%#, 0%* $'& $ 1 6# 1 8 *0 ( 1+ "#B& ( ' % 0% (
4(' '# '&
$&11&+ 9 1 #1% # 0&$%#3%&, 1"#'( ' 1 + #1#$%' 1$& 8 (" '& + #1#$%# 0 +9
%*& + #%#$'#" '
*" + 11& ( "+& %$% # $#11# 0 "($B& #3(!#$%# #0&$B#0# 1#,$& #$%$% &, $#0 #11(' '# ' 1
"#1" 1 1# #" 0 &"+#"#$%' 1 $& 8 *%
* & 0&" &*% 1 "#'( ' 1" ( 1 - $!#$% #1 # 0&" *"
" (& 0 + 0( ' '# '# 1*10(% *" #1+&1% 0 - & '#1 8(&' ($% #$ 0(&$ (. /)& ' #0&$&"(
+& %*!*#1
$4#1%("#$%& (#0 %
& 1 % $!#(& > ? 0&$1%
(%*(*" ($1%*"#$%& #11#$0( $& + &0#11& '#
!&- ( . /)& ' 1 #"+ #1 1 +& %*!*#1 1 +# 4( '&1 1#*1 #8#(%
&1 '(#0%&1 " 1 %"-;" +#&1
#8#(
%&1 ($'(#0%
&1 +($0(+ #8 #(%& '(#0%
&; # #1('# $ +(0/)& '# 0 +(%
#1% $!#(& #" + &< #0%&1 $ 0(
&$ (1 +&%
#$0( "#$%# #$%64#(
1 #$:* $%
& &1 #8#(
%&1 (
$'(#0%
&1 1)&
#11#$0( "#$%# J

% $18
#D$0( '#%
#0$&&!( :*#+&'#"#B& (
$&4 /)&'&";1%
(0P

% $18#D$0( '# '# !#1%


)& # 0&"+#%
D$0(1 '# '#1#$4&4(
"#$%
& '& 0 +(
%
B*" $&P

#1%9
"*& O 0&"+#%
(/)& $ #0&$&"( '&";1%
(0 ,"#B& $'& + &'*%
(4(
' '## #'*.(
$'& 1
+ #112#1(
$8 0(&$(
1%1P

(
$%#! /)& ' #0&$&"( '&";1% (0 #" 0 '#(1($%
#$ 0(&$ (
1'# 8
& $#0(
"#$%
&1:*# +&'#"
&8# #0# *" #'*/)& '# 0*1%
&1 '&1 ,+ &4# #0&$&"(1 '# #10 #(
$0#"#$% 1
#3+& %/2#1

-# F $4#1%
("#$%
& (#0%
& 1% $!#(&J #4# (!$71%
(0&

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

5&% *! #4#&* *" ($1*8(


0(#$%
# 5&11(-((
' '# '# #1%#( % # /2#1
0 + 0(
' '# '# % 0/)& '# '* $%# +(4(#!(' 1 0&" #!( 2#1 8&%
#"#$%#
*" ' 1 " ( 1($%#$1 1 4 ! 1 '# (
$&4 '& 1'&1 , * &+ '& &%##
(
$%#$ 0( &$ # " $% #4# *" +&1% S1(,:*#0&$%( -* " + *" #8
&/&'&
$*" + ' )& '# ( $4#1%
("#$%& '&"($ '& #" '(#0/)& 5& %*!
+#& ($4#1%(
"#$% & #" 1#0%&#1
+ &'*%& #1 '# -#$1 # 1#4( /&1 $)& #0 '&1 #"#!#$% #1 # + 9 1#1 #" 4(1
% $1 00(&$64#(1 '# '#1#$4&4( "#$% &, # '# "&'&
+ % (
0* &1 +9 1#1 *178&$&1,
5#1#$% #"#$% #, #3( 1%
#" - 1%$%#1 +#1#$%" '( 4#1 1 &+&% *$(' '#1 '#
'(8(
0*' '#1 $ 0 +%/)& '# ($4#1%(
"#$%& + 1 #"+#1 1
#1*%$% #1 ' +#1#$/ $& ( $%#(& ' +&% *!*#1 1 ;" '#1%# 1+#0%&,
$(
)& * &+#( '# $&4&1 1%'&1 #3(1%#" ($' '(
4#1 1 ( $1%(
%*(/2#1
#"- &1 0&" "#B&#1 0&$'( /2#1 #" "*% (% # (1 # -( % # ( 1 #1+#0( ( .' 1
%#"&1 '# ")& '# &- , 0*1% &1 '& $&8 (
$ $0("#$% & &( $4#1%("#$% &$#1% #1
% - B&, $9 4#(
1 '# + &% #0/)& 1&0( +9 1#1 0&"& %"-;" '(4#1&1
0#(%#1 +# +&+* /)& # +&1( /)& ($1%*"#$%&1 8($ $0#(&1 :*# 4( 1"
!#&! 68(0 , " 1 %"-;" '#4( '& &1 #'*/)& '&1 '(8##$% #1 %(+&1 '# ( 10&
##4 '&1 Q0*1% &1 '# 0&$%#3%&R :*# & >#! ( 10& + 91, ( 10& + &< #0%&, ( 10&
+9 1 + #1#$% 0 "-( ,#% 0?

E&$%
#J = @@A @ A # $&%/2#1+ 7+ (1

'& 3% #(& #" 5& %*! > 5?


,% #" %(
'& #8#(
%&1 #1%*%* $%#1 $& 1#0%& ($'*1%( ,
0&$1%(
%*(*" $#0#1 1(
' '##1% %;!(0 ' #0&$&"( +& % *!*#1 ,+#&1 #* (
"+ 0% &'(#0% &$&4 &
0#10#$%'& $ 0(&$ # +#&1#8 #(
%&1 (
$'*.('&1$& %#0(
'& + &'*%(
4& #1% # 0&$%#3%&,; #4('#$%#
:*# '( $ "(. /)&'& 5$&11 #0%& #1+ &'*%(
4&1'#-#$1% $1 00( &$64#(1'#4#0&$1% (
%*( *"
&-<#0%
(4& + (
&(%6(&+ 5& %
*! ,% #$'& #" 0&$% 1 1* 1 #+# 0*112#1 $ + &'*% (
4(' '#,$
+#$#% /)& #" 0% (4(
' '#1 '# " (
& 4 & 0#10#$%'& # $ ( ! /)& #'#1 ($%#$ 0(&$ (1 '#
%#0$&&!(

+ %( '&#1%*'&'#E#( %1> @@@? ,+& ;",0&$1%% 1#:*# +#$ 1 T, UV '&18*3&1'# 5


1#'#1%(
$ 4 " &1 #0%
& ($'*1%( '* $% #&+# 9
&'& @ U, & 0&$%6 (
& '& :*#1*0#'#* $
$' > ,V?##" 1+ $B > A,V? " 5& % *! , " (& + %#'& 58&('((!('&+ &
1#0%
& '# 0%(4(' '#18($ $0#( 1> , AV?#+ &1 #0%
& (
"&-((6(
&> ,V?$)&( $'*.(
$'& 11("
&1'#1#<'&1#8 #(
%&1$&% #0('&+ &'*%
(4&+& %
*!*D1

*" +#1+#0%
(4 !&- ,4#(
8(
0 1#:*# +# 0#$%!#" '# "*$'( 0 +%'&+& 5& % *! %
#"
4(
$'& '#0#10# $ H%(
" ';0 ' $)& &-1%$%
# -& 0 11(
8(
0 /)& '& KL @@AJ #$%# @
A,5& % *! &-%#4# @,
UUV '& %
&% '# '(1+&$9
4# " 1 +#$ 1@,AV '* $% # @@@ @@
M#(8(
0 1 # ($' :*# 5& %
*! +#'#* % # #$& 80# &11#*10&$0 & #$%#1+ (
$0(
+( 1$ 0 +%/)&
'# J #" # /)& O $' , +# 0#$%!#" 0 +%' + 11&* '#@,V > U?+ @,TV
> @@@ @@ ?# :* $% & O 1+ $B + 11&* '# @,TV + @, V =#!*$'& > @@A?,&1
$H"#&1 " ( 1 #0#$%
#1 #4# " :*# & #" 5& %*! 0 (* 1#(
1 4#.#1,+ 11 $'& '# , "(
"(B2#1'#'7 #1#" @@ + , "("(B2#1'#'7 #1#" @@

N "+ "#$% # 0#(%


# :*# ; (
"+& %$%# 0 +% + &'*%
(4& + 5& %
*! +# 1 .2#1 0(
" ,
%& $ $'& 1# (
$'(
1+#$164# 0%
* /)& 1&- # 1 #1+#0%(4 1 0&$'(/2#1 '# 0&B("#$%&,
$&"# ' "#$% ##" # /)&J

& #$:* ' "#$% & +&9


%(
0&, " 0&#0&$7"(
0& # <
*9'(
0& ' 1 #0&$&"(1 #0(
+(#$%
#1 # O
0&$0& D$0( 8
(10 80# &*%&1+ 91#1P

O+ &3(
"(' '## 0
#11& "# 0 '&1,0
&" 0&$1#:*#$%
# #'*/)&'&10*1%
&1'#% $1+& %
#P

*" 8
& / '#% - B&0&" '#:* ' 8
& " /)&#- 1%$%
#8#39
4#P

O:* (
' '#W
8*$0(
&$ (
' '#' 1(
$8 #1%*%
* 1

" + % (0* ,; $#0#116 (


&% # 1# #" 0&$% :*# 1+ 6% (
0 1' '"( $(1% /)& +H-(0 %D" *"
#$& "# ($8*D$0( $& 8*$0(
&$ "#$% & ' #0&$&"( 5& #3#"+&,& '#1#"+#$B& ' 1 "H% (
+ 1
#$%(
' '#1'# ($1% /)&,&1 ( 0#$0("#$% &1, 8 (10 (
' '#, + #1%/)& '# 0&$%1# #1&*/)& '#
0&$8(%
&1% D" *" #8
#(%
& 1(!$(
8 (
0% (
4& $ #8 (
0(D$0( # $ 0&"+#%(%
(4(' '# ' #0&$&"( +& % *!*#1
9:*# 0 +%/)&'& ( $4#1%(
"#$% & #1% $!#(&+ 11#$#0 #11 ("#$% #+# + &"&/ )&+ 7 0% (4
'& " 1%"-;" +# #( "( $ /)&'#-&:*#( &1 &"#1"&,< *1%(8
(0 $'& 11(" 1'* 1"#'( '1
Q5&"&/)&57 0% (4 '#5& % *! 0&"& #1% ($&'# $4#1%
("#$%&R # ( "( $ &:*#(&15 (
&( %
6( &1
& $4#1% (
"#$%& (#0%& 1% $!#(&R,:*#1)&'#10( %1#" " ( 1+& "#$& $ H% (" 1#0/)&'#1% #
0 +9
%*&

" # /)& & '# 5& %*! $& 3% #(& > 5?,#1%# #+ #1#$% *" 80% & ("+& %$%#$
:*(1(
/)&'#0&"+#% (
%(4(
' '#( $%# $ 0(&$ +# 1#"+ #1 1+& % *!*#1 1 1% 0&$1%%/ )& #4&* 1
#"+ #1 1 +& %*!*#1 1 " ( 1 '($C"( 01 '&+% #" *" #1% % ;!( '# "&-(( ' '# '#
(
$4#1%("#$%
&1 $9 4# ($%# $ 0(
&$ :*#1%)&'& 5 11*"#,+&( 1,*" ( "+& %
C$0( 0#10#$%#
$ #0&$&"( +& % *!*#1 #,$&1 H% ("&1 $&1,5& % *! % #" #3+& %'& 0 +( % 0&$% ($'&
%#$'D$0( %; #$%)& 4# (8
(0' " @@ ,+& #3#"+&,& 5 10#$'#* &1 U, V '& 5
#$:* $%&& 5 #!(1%
&*&4 & ( $8 #(& '#A,A V &#$%$% &,&4&*"#'& 5 8(0 "*(%&
:*;" ' 1 + #1%/2#1 '&*%&1 + 9 1 #1 5& #3#"+&,$ 0 11( 8(0 /)& ' K L @@A,& 5
&0*+ & *! $*" '# @+ 9 1#1:* $'&"#'('&#" 4 & -1 &*%&##" A *! 1 #
8& "#'('&#" +# 0#$%!#" '&5

5 ;" '&- (
3&$9 4# '#($4#1%(
"#$%&,#3(1%
#&*%&+ &-#" # 0( &$ '&0&" 8 &" 0 &"&&
"#1"& ; # ( . '&, " ( 1 0&$0#%"#$% # & $94# ' '( 4# 1(' '# '# + 9
1#1 # 1#0%
& #1 '#
0%
(4(
' '# =#!*$'& *" $6(1# #0#$%
#:*#0&$%#"+&*&+# 9 &'& @@ ,& 1(%#" 1(
'&
& +($0(+ '#1%
($& '& (
$4#1% (
"#$%& +& %
*!*D1,1# -#" :*# $&1 H%(
"&1 '&(1 $&1 %
#" 4($'&

&%# 1#,$& #$%$% &, 1#!*( $%# #11 4 :*# 0&$1% $& # % 7(& # &$%1 @@ ' !D$0( 5& % *!*#1 + &
$4#1%(
"#$% &>+6!($ A? J
Q # 0&'&0&" &1H% (
"&1' '&1+*-( 0 '&1+#& $0&'#5&% *! &1 '&!&- '& $4#1% (
"#$% & (#0% &'& 3%#(&
#" 5& %*! % # 6 + #$% #"#$%#'#0#10( '&'#A T @ "(B2#1'##* &1#" @@ + T A "(B2#1'##* &1#" @@
&' 4(,& $0&'#5&% *! 0B " %#$/)&+ $#0#11(' '#'#*" $6(1#'& $4#1% (
"#$% & (#0% &'& 3%#(&
#" 5& %*! #'& $4#1% (
"#$% & (#0% &'#5&% *! $& 3% #(&,#" % #"&1 9 :*('&1,80#O&0& D$0( '#&+# /2#1'#
%($!* /)& 8 (
$ $0#( , :*# 11*"#" $ % * #. '# "# & %C$1( %
& +# 1 0&$%1 $ 0( &$ (1 >8#$7"#$& :*# 1#
0&$4#$0(&$&*'#1(!$ Q+ 0 !( % 7(R '#0 +( %(1?#:*# #% ( " 1( !$(8(
0 '& 0 ' *" ' 1 *-( 0 1,+&'#$'&"#1"&
0&$%#0# *" #( %* # 7$# :* $'&1#+ &0#' *" $6(1#(1& ' '#0 ' *" ' 10&"+&$#$% #1
#(
%* ' 1#1%% 91%(
0 1'& $0& '#5&% *! # % (4 1 & $4#1% (
"#$% & (#0% &'& 3% #(& #" 5& % *! ,#30*($'&
1#"+ #1 1 &0 ( . ' 1$ 1 &$ 1E $0 1' '#( # '&1 /&#1>&$'# + #1*"( 4#"#$% # 1# #!(1% " (&( ' 1
&+# /2#1'#%($!* /)&8 (
$ $0#( 0&" #3+ #11)&1( !$(8(0%(4 ?+&'#6% $1"( %( *" ( '#( " (1 + &3( " ' '&
#" 5& % *! & :* ,1#!*$'& #1% #1 $H"#&1,% #6 #4&*9 '& '# $#! %(4& > U@ "(B2#1'# #* &1?#" @@ + T
"(B2#1'##* &1,#" @@ ,#1+#B $'& 11( " *" % < #0%7( +&1(%(4 ,#" 1( $%&$( 0&" #4&*/)&"*$'(
1' '&1+*-( 0 '&1$)&+# "( %#",%&' 4(,*" $6(1#" ( 18(
$ +#&:*#&0&$B#0( "#$%&+ &8*$'&'#1% #18*3&1
%#6'#1# &-< #0%
&'##1% *'&1 ($' $)&'( 1+&$94#(
1$#1% #"&"#$% &R

A
+#'# !*" +#1& " # /)& &11#0% & #1,&11#4(/&1("&-((
6(&1# &11#4(
/&1+ #1%'&1O1
#"+ #1 1 %D" 0&$1%
(%*9
'& + ($0(
+ 0%(
4(' '# '& 5 ,%#$'&,#" !*$1 $&1 +&$% *(1,
'(4(
'('& #11 (
"+& %C$0( 0&" &1 1
#0%
& #1 ' ##0%( 0(
' '#,'& !61,' 6!* ,' 1 0%(
4(' '#1
8(
$ $0#( 1#'&0&"; 0( &, &<"#$%&# #1%* /)&

#$'& #" 0&$% :*# 0&"+#% (%


(4(
' '# B&<# ; #11#$0( "#$%
# !&- ,*" #8 (0(
#$%# ( !/)& &
"# 0 '&( $%
#$ 0(
&$ ;#11#$0( + :*# #0&$&"( 0#1/ '#8 & " 1*1%#$%' &$!&+ .&
1%& ;,*" #0&$&"( 17 0#10#6 & :*# 0#10##" &1 -#$1 % $1 00( &$64#(
1 >-#$1 # 1#4( /&1
+ 1194#(
1'##3+& %/)&?:*#+ &'*. 5&;", $ ( 1 $'& +&'*/ )&'#-#$1% $1 0 0(
&$64#(1'* $% #
';0 ' '# @,4#(8(
0 1#:*#& 0#10("#$%& #0&$7"(0& 1
#" $% #4#0 &" *" ($1*8(
0(
#$% #+&'*/ )&
'&1"#1 "&1 " 0&$1#:*D$0( '(#0% '#1% ( $1*8
(0(
D$0(, #0 &$&"( +&% *!*#1 #$'( 4(
'&*1 # '#
8& " ! &+ $%##" # /)& &#3% #(& # - $/ 0&"# 0( '#% #(& &* 1# 1% 1(%* /)& #8#0% #,
#" + % #, +#' '# :*&% '# "# 0 '& ' 1 #3+& %/2#1 % '( 0(
&$ (1 " @@ ,+& #3#"+&,
B&*4# *" +#' '# :*&% '# "# 0 '& #" + % (
0 "#$%#%&'&1 &1 '#1%(
$&1 % '(0(&$ (1 # $&1
1#0%&#1+ #'&"($ $%
#1

-# F 0%
(4(
' '# 3+& %'& F #4# (!$71%
(0&

5&$%
&1 #! %
(4&1 5&$%
&15&1(
%(
4&1

" ';8(0# '# + &'*%


(4(
' '# #1*%$% # ($ "(1"& 4#(8(
0 '& $&1 1#0%
&#1 '#
' ($%# 0/)& '& + ' )& '# 0%
(4(
' '#1 #3+&%/)&% '( 0(&$ (
1,:*# #" %#"&1
'&"($ $%#1$&5 9 1 '##"+ #1 1($'(4('* (
1,:*# '# 7!(
01
'# 0&&+# /)& #"+ #1 ( # ( ! /)&
1 0%
(4(
' '#1 ($%#$ 0(&$ (
1, 0#$%&1'# X
+ #'&"( $" ( $'H1%(1 - 1# ' 1 $
($%#$1(
' '# '& % - B& # $ 1 - ( 31 3(1%D$0( '#+7&1'# X '# :* ( ' '#
:* ( 8
(0 /2#1 F 4#1% *6( &, 0 / '&, (
$%#$ 0( &$ #" 6# 1 :*# +&'#" 1#
0 - !#$1, #% 0P $ 0&"-( $ /)& '# H%#(1,<6 $& 0* %& # ";'(
& + .&,+
#0* 1&1 $ % * (1 0&" #1#4 1 +&( #" '( 4# 1(
8(
0 /)&'# 0% (
4(' '#1
(
"( %' 1 # - ( 3 1 :* (8(
0 /2#1 '# F &-7% (
0 , *% &" /)&, %
#0$&&!(1 '#
% - B& F " '#( , 0&% (
/ , + +#, (
$8&" /)&#% ##0&"*$(0 /2#1,0(
D$0(1
0#C"( 0 1F ##" 1#4( /&1- 1# '&1#" '# 1 H'#,-( &%#0$&&!( # :*9"(0 8 (
$,
#0* 1&1$ % * (1# - (
3 1:* ( 8(
0 /2#1 +&9 "# &1,($1%*"#$%/)&,#% 0
F &% *(1"&Q1& + (R
+& %*$(
' '#1 '# ! "#$%& '#
" &(#$%/)& '# "#0 '& ' 1 "#0 '&1 O1 #"+ #1 1 %; !& " ( 1
#3+&%/2#1 0&$0#$% '& $*" H$( 0 4( ' 1 + & "#0 '& ( $%
# $&, #"
" 0& #!( )& ' #0&$&"( "*$'( F 1+ $B #$&1+ 91#1 *178
&$&1
$()& * &+#(

E&$%
#J = @@A @ A # $&%/2#1+ 7+ (1

$ (1 $'& #4&*/)&' 1#3+& %/2#1+& %


*!*#1 1# #1
+#0%
(4 :*&% '#"# 0 '&'#1%0 " 1
#
1#!*($%#1%
#$'D$0(1J

3(
1%# +#' '# :*&% '# "# 0 '& &* " $*%#$/)& '& #" 46( &1 '#1%(
$&1
% '( 0(&$ (
1,(1%
& ;, #" $B ,E $/ , #( $& $('&, ,5 91#1 ( 3&1# =*;0( # ! $B& #"
%6( # 1+ $B >4# E( !* ? &1 #1%$% #1, $!& ; % (
' 0 &"& *" 0 1& '# 1*0#11& $&
:*#% &0 O1#3+& %/ 2#1+& %*!*#1 1,' '&&4&*"##&0#10( "#$%& #0#$%#' 1( "+& %/2#1
' :*## + 9 1 &(*$' 1 '# 5& %*! '#10(' '# :*&% '# "# 0 '& ;, $& #$%$% &, *"
8#$7"#$& 0 &"*" O " ( & + % # '&1 + 91#1 #$4&4('&1 #" 0&"; 0(&($%
# $ 0(&$ '#4( '& O
0#10#$% # 8 (" /)&$&1"# 0 '&1!&- ( 1'#'&( 1$&4&1 "*(%& ##4 $%#1, B( $ #
G$'( " # /)& & +#1& ' 1 #3+& %/2#1 $& 5 ,0&$1%% 1# *" % #$'D$0( '#0#10#$% #
#$%# @@@# @@ ,+ 11 $'&#1% #( $'(
0 '& '# , T V > @@@?+ @, V > @@ ?

*( (
%, ! " !# $ " & @W
@ , $(
4# 1(
' '#'#N4& ,
&4#"- & @@

5 *" 0 0% #(
. /)& +& "#$&(
. ' ' 1 #3+& %/2#1 +& %
*!*#1 1,0&$1*%
# &1 46(&1 #1%*'&1 # -& '&1 +#&
-($#%
#'# 1% %
;!( # 1%*'&1, >4# (
1% -(
-(&! 68
(0?,'(1+&$9
4#(1#" YYY !##"( $ #0&$&"( +%
E(
!* F 5(
$0(
+(1 (
#$%
#1' 1 3+&%/2#15&%
*!*#1 1 @@

Espanha
EUA
7% Angola
5% 2% 22%
5% França
Alemanha
13% 7%
Reino Unido
22% 2% Itália
15% Bélgica
Holanda

" % # "&1 '# 1#0%


&#1,+ #4 #0#* % #$'D$0( '# +# ' '# :*&% '# "# 0 '& $& +# 9
&'&
T @@ J @ '&1 T 1#0% & #1,#$%# &1 :* (1 &1 :* %& " (1 #+ #1#$%%(4&1 > ,V '&
%&% ?, #!(1% " +# ' 1 & &$!&'&1H% (
"&11#(1 $&1, # %(4 "#$%#O";'( '&1%D1 $&1
$%#(& #1, A ' 1 @T &-1#4 /2#1 #!( 1% " +#' 1 > @,V? , ! $B&1 > TV?# $)&
+ #1#$% " :* :*# % # /)& 1'&( 11#0%&#10&" " ( & +#1&,&'&14#90*&1 &'&4(6(&1
# & '& 4#1%*6 (
&<*$%"#$% # 0&" & 1#0%& '& 0 / '&,:*# #+ #1#$% " #" @@ " ( 1'#
*" % #/& ' 1$&11 1#3+& %/2#1+ A, 4# - " 1( 1%
#"6% (
0 1+# ' 1 & &$!& '&1
H%("&11#( 1 $&1>#30#+/)&8#(% &+ ( "#(&'#1%#11 #0%
& #1#" T?

"-;" ; ( "+& %$%#0 &$1('# #4&*/)& '& 0&"; 0(&($% # $ 0(&$ '# + &'*% &1 (
$'*1%(( 1
% $18& " '&1, % % %#$'&#" 0&$% :*# 1( $'H1%(1
'# % # ";'( % #0$&&!( 1)& *" 0&"+&$#$% # 0 ' 4#. " ( 1( "+& %$%# '& 0&"; 0( & '#
+ &'*%&1( $'*1%((1% $18& " '&1 =#!*$'& ,$& +# 9&'& '# @@ ,&1+ &'*% &1'#
% % #0$&&!( >#! + &'*% &1 8 " 0D*%(
0&1, #:*(+ "#$%& ##0%7$( 0&, 0&"+*%'& #1 #% 0?
0&$<*$%"#$% # 0&" 1 '# ";'( % % #0$&&!( >"&% & #1 + 4#90*&1, + &'*%
&1 :*9"(0&1,
" :*( $ ( # #:*( + "#$% &1, #%
0?, #+ #1#$%4 " 0# 0 '# AV '& 0 &";0( & '# + &'*%&1
($'*1%(( 1% $18& " '&1

& 0 1& +& %*!*D1,'(8


(0*' '#1 1#$%(
' 1 $ - $/ 0&"# 0( #1*%" %"-;" ' 8 % '#
8(" /)& ' 1 #3+& %/ 2#1 + &4#$(#$%#1 ' 1 ($'H1%(1 '# % # ";'( % #0$&&!(
5 #&0*+ $%#"#$%#,#" $&1 #0#$% #1, - $/ 0&"#0( '#+ &'*% &1($'*1%((1% $18 & " '&1
8
&('#8 (
0(%
6( #" % &' 1 10 %#!& (1#30#+%&$ '&1+ &'*% &1'#- (
3 % #0$&&!( &' 4(,#$%#
@@ # @@ 4# ( 8(
0&* 1
# *" :*#- '& +#1& '&1+ &'*% &1'#- (3 % #0$&&!( :*# 1# 8
(3&* #"
V $&H% (
"&'#1% #1 $&1 * $% #&"#1"&+# 9 &'&,B&*4#*" #8& /&'&+#1 &'&1+ &'*% &1'#
";'( - ( 3 %#0$&&!(,:*#+ #1#$% #"#$%
# &$' &1 AV

" @@ ,& 0&$< *$%


& '&1 + &'*%
&1 '# % # ";'( % % #0$&&!( <6 #+ #1#$%4 ,V '
#1%*%* ' #3+& %/ )& & #$%$% &,# +#1 '# % # #!(1%'& *" "#B& ( 80# O +&1( /)& :*#
'#%(
$B #" @@ ,& +#1& '&1 + &'*% &1 '# % % #0$&&!( % ($!# +#$ 1 ,V '& % &% '&1
+ &'*%&1($'*1%((1% $18 &" '&1#" @@ 5& 1 * 4#.,&+#1& # % (
4&'&1+ &'*%&1'#";'(
% %#0$&&!( " $% #4# 1# #" %
& $& '&1 V =#!*$'& & '&0*"#$% & # -& '& +#& H0#&
"+ #1 ( '#5&"&/)& 3% #$ > 5 ? , 1#3+& %/2#1+& % *!*#1 1" $(8#1%" ($' *" $9 4#
'#0&$0#$% /)&- 1%$% ###4 '&$*" %( +& 1+#0%
&J

& $94# '# 0&$0#$% /)& '&1"#0 '&1'# '#1%


($& ' 1#3+& %/
2#1; - 1%$%
# ##4 '& F &(
%&
"# 0 '&1 > 1+ $B ,E $/ , #" $B # #( $& $( '&, %6(, ;!(0 , & $' # 1%'&1
$('&1? -1& 4#",% '( 0(
&$ "#$%
#," (1'#T@V ' 1#3+& %/ 2#1P

#"-& #" "#$& #10 ,& $9 4# '# 0&$0#$% /)& '&1 1#0%
& #1 #3+& %'&#1 ; %"-;"
- 1%$%
# ##4 '& F &$.
#1#0%
& #1 #+ #1#$%" " ( 1 '# A@V '& %
&% ,%&'&1 ##1 0&" +#1
&
1*+#(
& VP

U
&$94# '#0&$0#$% /)&' 1#"+ #1 1#3+& %'& 1;,%"-;",- 1%$% ###4 '&F ' 10# 0
'# U @@@#"+ #1 1#3+& %'& 1, 1 @@" ( & #18
& " #1+&$164#(
1,#" @@ ,+& 0# 0 '#
"#%'#'&% &% ' 1#3+& %/2#1

1%###4 '&! * '#0&$0#$% /)& 46 ( &1$94#(1;+ #&0*+ $%


##"&% (
4 1"#'( '1 # % (
4 1O
'($ "(. /)& ' 1 #3+& %/2#1 +& %*!*#1 1, '#10(%1 '#% B ' "#$%# $ H% (
" 1#0/)& '#1%#
0 +9%
*& +("#( "#'( ' ,Q "+#"#$% & &'#& '# #'# '# ##! /2#1'& 5 W 5 #"
1+ $B R,%#" 0&"& 8 *$' "#$%& ( "+& % C$0( #1% %;!(
0 :*# & "# 0 '& #1+ $B& #+ #1#$%
+ #0&$&"( +& % *!*#1 5&0* 1#, 11( ", + &"&4# *" ( '#$%(
8(
0 /)& 0 ' 4#. " (1
#1%#(% #$%# & # 0 '& $% # $& '# 5& %*! # & # 0 '& -; ( 0&,:*# $ +#0#+/)& :*# $
0%* /)&'&1 !#$% #1+& %
*!*#1#1

&$1(
'# $'& !& 1&*% 1"#'( ' 1:*##$4&4#" & 5 5& %
*! ,0&$1%% 1#*" 7!( 0 '#
+&( +#$ 1 ( $%
#$ 0( &$ (. /)& 0&"#0( # ($%# $ 0(&$ (. /)& (
$'*1%( 0&"+#"#$%
%#$'& #" 0 &$% & 0% * + $& " '# '#1( $'*1%( (. /)& " # /)& O + ( "#( 4#% #$%
#,
+ #%#$'# 1# *" (
$4#1%(
"#$%& $& 0&$%&& ' 0 '#( 0&"# 0( '# 8 &" "#B& 0&$%& 1
0&"+&$#$% #1 ' 0 '#( '# '( 1%(-*(
/)& >4# 1 "#'( ' 1 Q $%# $ 0(
&$ (. /)& &"#0( +
$'#1 # 0 '&1 5 (
&( %
6(&1R # Q (/)& '# & $& &4&1 #0 '&1 4&R? Z* $% &O
1#!*$' ,+ &0* 1# +&( + &< #0%&10*< + &'*/)& #1% %;!( 0 '#0& # #" %# (
%7(& +& %
*!*D1
" 10*< + &'*/)&$)&#1% % ;!(0 +&'# 61(%
* 1##" &*%&1+ 9 1#1

#!(
1% 1# ( $' *" + #&0*+ /)& #" + &"&4# &15 $&1 $% #! '&1'# 5&"&/)& 3% # $ 0*<
8(&1&8( 11#$% $ 1 5 0# (1 5H-( 0& 5 (
4 ' 1 >555? #8 ##$% #1 + $&1 +* ($* ( 1 '#
-& ' !#" *" "# 0 '& 4& '#$%& '# *" +# 1+#0% (4 1#0% & ( &* '#8 (#( &$1(
'## 1#,
%9%*& (*1% % (4&,& + &<
#0%& :*# + &0* 0&$1&( ' 1 #3+& %/2#1 +& % *!*#1 1 '# "&'#1 '#
8&" #8 & / & +&1(0(
&$ "#$% & '#1% ($'H1%( #" "# 0 '&1#1% % ;!(0&1 5 ;" '#1%#1
+ $&1& ( #$%'&1$*" 7!( 0 1#0%& ( ,B6 %"-;" &1'# $ % * #. " ( 1% $1 4#1 ,%( 10&"&
Q M &$%0% &R,Q5 5 @@AW @@ R,Q *"#$% 1Z* ( 8
(0 /2#1'&1 Z* ' &1' 1 "+ #1 1R,
Q ($ "( . /)& '# *" =#4(/& '# #% #0/)& '# +& % *$(
' '# '# #!70( &1R,Q5&! " '# +&( &
&4&1 3+& %'& #1R # Q $( 0(%(
4 ' " R, 0&$8& "# '#10( %&1 $ H% (
" 1#0/)& '#1% #
0 +9%*&

*" C"-( %&" ( 1 !# , & 5 5& %


*! + #0&$(. "#'( ' 1 :*# +&11 " 0&$%( -*( +
'(4# 1(
8(0 /)&, :*# '# "# 0 '&1 :*# '# 1#0% & #1 '# 0% (
4(' '# F QE&0 #" # 0 '&1
5( &(%6(&1R #Q5&"&4# 1 3+& %/2#1'# % #0$&&!(R F #Q 3+& % (1R,:*##$!&- &(%&
0/2#1 '# +&( & O #3+& %/)& 1 "#'(
' 1 #8 #(' 1 #$:* ' " 1# 11( " $&1 &-<#0%
(4&1
(
'#$% (8
(0 '&1 +#& 5 , :*# (
"+2#" *" 0 &$<
*$%& '# 0/2#1 ( $%#! ' 1 '#1%0 $'& 1#, +&
#3#"+&, 8 & " /)& '# :* ' &1 #" 0&";0(&($%# $ 0(
&$ , ( $%#$1(
8(
0 /)& '& ,0&"&
80% & '# 0&"+#% (%
(4(
' '#, "&$%!#" '# *" 1( 1%#" '# ( $8
& " /)& #0&$7"( 0 O1#"+ #1 1,
0(/)& '# " 0 1 +& % *!*#1 1 # *" 8 &%
# +&1% $ ( $&4 /)&,$ % #0$&&!( # $& "# 0 '&
#1+ $B&

E(
$ "#$% #, + ;" '# Q% - B "#B& R &1 "# 0 '&1 ( "+& %$%#1, '# #$0&$% $&4&1
"# 0 '&1# '##3+& % + &'*% &1($&4 '&#1#'# % % #0$&&!(,%"-;" ; 0*0( :*#5& % *!
1# 8 ("# #$:* $%&+9 1 :*# +&'# #3+& % " (
1 1% & +& :*# ; 1&-#<"#$% # 0&$B#0(
'& :*#
5& %
*! $& " "#$% # 8. -#" " 1 4#$'# " =#!*$'& '(4#1&1 '(!$71%(
0&1,#1% 1( %
* /)&
'#4# 1# &11#!*($%
#180%& #1JA

? 1+# 0#+/2#1(
$%#$ 0(
&$ (
1' &8# % '# -#$1# 1
#4(
/&1+& %
*!*#1#1#1%
)& '#181 ' 1,
#" !# +# $#! % (
4 ,' # (' '#0&$0#%P

& C"-(%
& ' #1% %
;!( '#8($(
' + Q 3+&% (
1R,1*!## 1# 0&$1*% & 1(%# B%
%+JW
WYYY (0#++%'# 8&"
"#B& 0&$B#0# 10&$0*12#1 +#( "($ #1 '& + (
"#(& &$! #11& ' 1 "+ #1 1 3+&%'& 1, # ( . '& +#& 5
5&%*! #" ($(0(%
(4 0&$<*$% 0&" 11&0(/)& "+ #1 ( '# 5&%*! > 5?# 11&0(/)& $'*1%( 5& % *!*#1
> 5?,$&5& %
&,1&-&1 *1+90(
&1'& ( $(
1% ;(&' 0&$&"( #' $&4 /)&
A
#( 1#, %9
%*&(*1% %(4&,& % (
!& " $ ( ) *" #+ $$ #4( 1% Q $8&"
5&%*! R,$ , &4W #. @@

T
? 0&"; 0(
& +& %
*!*D1 $)& 0&"*$(0 1* &8
#% 46 (
&1 $9
4#(
1 >+ 9
1,8(#( ,1#0%
&,
#"+ #1 # + &'*%&? $#" #1%6 1*8
(0(
#$%
#"#$%
# &(
#$%'& + & #3%#(& 0&"& 1# (
'#1#<
64#P

? 0& -& /)& #$%# &1 !#$%#1 '&1 1#0%


&#1 ##4 $%
#1 >#"+ #1 1, 11&0(/2#1
#"+ #1 ((
1#& 1%'&?; #'*.(
'P

? 1#1% %;!(10&"*$(
0 0(
&$ (
1'&1'(
4# 1
&1!&4# $&1%
D" 1(
'& '#10&$%
9$* 1
,($1%
64#(
1#
+&*0&#8
(0 .#1

&"& (
$%# $ 0(
&$ , 0&$1( '## 1# & 0 1& ' ", - >0&$1*%
YYY + #1#$0#0B? :*# %#" 0 &"& "( 11)& + (
$0(
+ + &"&/)& ' ( " !#" ' =*9/ $&
#1% $!#(& 5 % ,#1% #$%(
' '# 0&$1%(%
*(1#0&"& & 0#$%&#1% %;!(
0& #&+# 0(
&$ '#% &' 1
1 0%(
4(' '#1 # 0(
&$ ' 10&" + #1#$/ ' =*9 / $&"*$'&,+ #1%$'&&11#!*($%
#11#4(/&1J

# /2#1(
$%# $ 0(
&$ (
1P

$(
0(%
(4 1'#(
$8& " /)&##1%
*'&1'#(
" !#"P

5 &<
#0%
&1##4#$%
&1$&#1% $!#(&P

0 =*9
/P

&$(
%&(
. /)&'# "+ #$1 $%
#$ 0(
&$

", - + #%#$'#% $1"(


%( *" (" !#" 0#'9 4# # *%D$%
(0 ' =*9 / &0&$0#$% 1 #
$&14 & #1-61( 0&1,%( 10&"& 0 + 0(' '# 0(% (
4 , 0#'( -((
' '# # & -#" #1% ,:*# "#B&
0 0% #(." ( " !#" '#1%#+ 91$&#3%#(& % 4;1' ( "+#"#$%/)&'#( $(
0(%(
4 10&$0#%1
# 1*1%
#$%64#(
1, " , - %#" 0&"& &-<
#0%(4& (
'#$%(
8(0 &+& %*$(' '#1 ";'( & # &$!&
+ .&'# 8 (" /)&' =*9 / $ 16# 1' '#"&0 0(,' #0&$&"(,' 0 *% * ,' #'*0 /)&#'
(
$4#1%(! /)&0(
#$%98
(0 ,'&%*(1"&,'& "-(#$%##' 1 # /2#1( $%#$ 0(
&$ ( 1

& 0&$%#3%
&+& % *!*D1,'#4(
'& O *1D$0( '#*" #1% %;!( 0 #0&& '#$ ' '#0&"*$(0 1
" 0 1 +& % *!*#1 1,1*!## 1# "#'( ' Q5#1#$/ 5& %
*! F ( *" =( 1%#" $%
#! '& '#
&"*$(0 /)& $% # $ 0(
&$ R,0&" & &-<
#0%(
4& '# 8
(" (" !#" '# 5& %
*! ,' 11* 1!#$% #1,
' 1* 0*% * $& + $& ( $%#$ 0(
&$ ,#1 +# $'& 11(
" "#B& 1*-1%$0( "#$% # 0 + 0(
' '#
'#5& %*! + #3+& % " (1

1"#'(' 1 #8##$%#1 & '#1#$4&4( "#$%& $& #1+ /& *178


&$& #$:* ' " 1# $&1&-< #0%
(4&1'
= :*#0&"+ ##$'#" &'#1#$4&4( "#$%&#0&$7"( 0&# 0&&+# /)& ( $%# $ 0(
&$ #" % & $&'
1*1%
#$%-(( ' '#!&- , + &8*$' $'&& # 0( &$ "#$% &#3%# $&'#5& %*! 0 &" !*" 1 #!( 2#1
:*#1# #4#1% #" '#($%
##11#+ (&( %6(&+ 8(" /)&'#5& % *! $&"*$'& 1% #"&4("#$% &
+ 11 6 +# 0 + 0( ' '# '# + &8 *$' , 0&" #1+9( %
& '# ($(
0(%(
4 #( $&4 /)&, &1 ##"#$% &1
8*$' "#$%( 1' ('#$%(
' '##'( 8
##$/ '#5& % *! $ 0&"*$( ' '# (
$%# $ 0(
&$ 5 % ,&+ 9 1
'#4# 0% * (. 11* 1+&%#$0( (' '#1#" 46(1'(#0/2#1,' 1 :* ( 11 # '#1%0 & #8 & /& '#
# /2#1+ (4(#!(' 10&" & #1+ /& *178&$&,:*# + 11 #" ! $'# "#'( ' +# + &11#0*/)& '#
*" +&9 %
(0 '#0&&+# /)&:*#+ &0* #+ &"&4# &'#1#$4&4( "#$%&#0&$7"( 0&

1 $#0 #11(
' '#1 '# ($4#1%(
"#$% & +H-(0& # + (
4 '& '&1 + 91#1 *178&$&1,% 0&"& $&1 &*%&1
+9 1#1#" '#1#$4&4( "#$% & # #"# !#$% #1,1)& ! $'#1# * !#$% #1,#1+#0( "#$% #%&" $'& #"
0&$% "-(/)&'#"#B& 1( !$(8(
0% (4 "#$%# 10&$'(/2#1'#4( ' #'# #'*.( +&- #. (1,
; !# "#$% # 0#(%# :*# &1'#1 8 (&1'& '#1#$4&4("#$% & #0&$7"(0& 1*1%#$%'& #3% 4 1 " #"
! "#'( ' 10 + 0( ' '#1'&1!&4#$&1'#1% #1+ 9
1#1#:*# "&-(( . /)&' 1($(0(%
(4 1#'&1
#0* 1&1+ (4 '&1; ( "+ #10($'94# 5& 1* 4#., 1'( 8
(0*' '#1 #1*%$% #1' - (3 0 + 0(' '#
'# -1& /)& # ' #$& "# '( 1+&$( -((
' '# '# 8*$'&1 ($%# $ 0(
&$ (1, :*# "*% (%# (1 :*#
-( %# ( 1, #+ #1#$%" ( "+& %$% #1&+& % *$(
' '#1'# $#!70(&1+ #"+ #1 1,- $0&1 # &*%&1
+ &"&%
& #1+& %
*!*#1#1:*#+&11 " 8.# +&$%
##$%#&1+ 9
1#1-#$#8
(0(
6(&1#&18
($ $0('& #1
#'& '& #1(
$%#$ 0(
&$ (1

& 0 1& +& %*!*D1,*" ( $1%*"#$% &("+& %$% # $ + &11#0*/)& '#1%#&-< #0%
(4& ; *" ( $1%(
%*(/)&
8($ $0#( :*#% #$B +& "( 11)& '( $ "( . /)&'&11#0% & #1#"+ #1 (( 1'&1+ 9 1#1 *178 &$&1#"
'#1#$4&4( "#$% &[ $&"# ' "#$% # &1 -#$#8 (
0(6(&1 ' <*' 5H-( 0 & #1#$4&4( "#$%&> 5 ?
+& %*!*#1 \ , #" %(
0* / )& 0&" 1 #"+ #1 1 +& % *!*#1 1 :*#, $& 1#* + &0#11& '#
($%# $ 0(&$ ( . /)&,0 &$%( -* " + &'#1#$4&4( "#$%&1*1 %#$%'&'#11#1+ 9 1#1 &#$%$% &,$&
+ $&( $1%(%
*0( &$ 4# ( 8
(0 1# ( $#3(1%
D$0( '#*" #$% (' '##3+ #11 "#$% #4&0 0(&$ ' + '
#1%# +&( &,< *1% (
8(
0 $'& 11( " "#'( ' Q ( *" ! .
/ E? 5& % *!*#1 R +(&(' '# ' ' O 0(/)& # O ( $1% /)& '# *" ( $1%(%
*( /)& 8
($ $0#(
+& %*!*#1 + & '#1#$4&4( "#$% &% #" 0&"& #$:* ' "#$% & 1 $#0#11( ' '#1 '&1 + 9 1#1
*178&$&1 # &*%&1 -#$#8 (
0(6(&1 ' 5 +& % *!*#1 , 1 #1% % ;!(1 '# ( $%
# $ 0( &$ (. /)& ' 1
#"+ #1 1$ 0( &$ ( 1, 0&"+#"#$% ( ' '#O 5 #& 0#11& 8 &$%#1'#8 (
$ $0("#$% &:*#+&'#"
($0*( 0;'( %&,! $% (1#0 +( % '# ( 10& ! $'#" ( & ( ' 11&0(#' '#1'&1+ 9 1#1#* &+#*1,
8
& " #$0&$% ' '# 0#'# #1%#1 ($1%*"#$% &1 8($ $0#(&1 1)& 1 0&$B#0( '1 E1 F
($1%(
%*(/2#1$ 0( &$ (1##* &+#(1 #1+&$164#( 1+#&8 ($ $0("#$% &-( % # '#+ &< #0% &1#" + 9 1#1
#" '#1 #$4&4( "#$% & &* #" % $1(/)&U 1 E1% D" *" 8 *$/)& #1+#0( '# 8 (
$ $0( + &< #0%&1
'& 1#0% & +( 4 '& " !*$1 0 1&1,+ ;" '# 0% (4(' '#1+& 0&$% + 7+ (, 1 E1 1)&
%"-;" #1+&$1 64#(1 +# +(
0 /)& # !#1% )&, +& 0&$% '& 1%'&, '# 8 *$'&1 +H-( 0&1
+ &4#$( #$%#1'&& / "#$% &'& #1+#0%(4& 1%'&

&"& '#1%1#$% (
' '#1,0 &$1('## 1# + ("#(& & 0 1 &' E ($!#1 F (
> ?F :*# ; *" 8 *$'& '#% ('& +#& !&4# $& '& #( $& $( '& # :*# 8
& $#0# 0 +(%
'# (10& + $#!70(&1 0&"#0(( 1 #" + 9 1#1 #" '#1#$4&4( "#$%&+ "($& #10 11#. '#
0 +(% '# ( 10& '# &$!& + .& 8&(0(' #" T #%#$'# ( $4#1%
( #" $#!70( &1 #"
#3+ $1)&,&* #" "*' $/ '# 00( &$(1%1, % 4;1 '# &*%&1 8 *$'&1 #1+#0( (
. '&1,# + &0*
"&-(( . &*%&1 8 (
$ $0("#$% &1 + ( 4 '&1 % 4;1 '# 0& 8 (
$ $0("#$% & '# + &< #0%&1, &*
(
$4#1% (
"#$%& 0&" % #0 #(&1#" 8 *$'&1'# ( $4#1%(
"#$% & #1+#0( (. '&1 &"& :* :*# 8 *$'& '#
0 +(% '# ( 10&,+ &0* + &< #0%
&14( 64#(
1,0 &" 8&%# +&1(/)& $& "# 0 '&,0&" -&$1!#1% & #1#"
'(4# 1&11#0%& #1 8
&( ##1%*% * ' #" @@ 8
(" '# 1#! #! & 8 *$'& ' =,
$&4 #$% (
' '#!#1% & '#% (
' +#&1#3#0*% (4&1,:*#; #"*$# ' #" 8 *$/)&' #$'( -((' '#'&1
8*$'&1 = %"-;" !###( $4#1% #&*%&18 *$'&1

#8( 1# 0&"& &*%& #3#"+& E => 01 ! 0 . % ?


,
:*# ; '#%(
' #" V +#& !&4#$& #1+ $B& # & #1%$% # +& %D1 - $0&1, M , = #
= - '# , 0*< "( 11)& ; 8 ($ $0( & ( $4#1%(
"#$%& + &'*%(
4& #1+ $B& #" + 9 1#1 #"
'#1#$4&4("#$%& % 4;1'#+ % (
0(+ /2#1#" 0 +( % % ; @V ##"+ ;1% (
"&1'# @ $&1 5
;" '&1 #0* 1&1+ 7+ (&1, E = ; #$% (
' '#!#1%& '#8 *$'&1#1%%( 10&"& & E ] #&
E&$5L #% #" + 0#(1'# 0& 8 ($ $0("#$% & 0&" & $0& * &+#* '# $4#1% ("#$%&,& $0 &
$%# "# (0 $& '# #1#$4&4( "#$% &, & . # &
. E = +&'#8 (
$ $0( + &< #0%&1'# A@@@@#* &1 % ; A "(B2#1'##* &1#
0#(% !*$1 (10&1,'#1'# :*# & 00( &$(1% #1+ $B& 11*" & ( 10& # !#1%)& &$!& + .&
5 ;" '# + &<#0%&1 '& 1#0%& +( 4 '&, E = %"-;" +&'# 8 (
$ $0( 1 #4(/&1 +H-(
0&1
!# (
'&1Q'#8 &" + ( 4 ' R,#30*( $'&&11#0% & #1'#B -(%/)&,'#8#1 ,#'*0 /)&#1 H'#

&%#1# ($' :*# #3( 1%D$0( '# #0* 1&1 + &+& 0(


&$ '&1 &1 + 9
1#1 4& +# 1 $1% (%
*(/2#1
E(
$ $0#( 1 $%# $ 0(
&$ (1> E?1# % '*.#" $*"#&1 1&+& % *$(
' '#1'# $#!70(
&,0&$1*% &( #
(
$4#1%(
"#$%&+ 1 #"+ #1 1+& %
*!*#1 1 1 &+& % *$(
' '#1'# $#!70(
& $&1 + 9
1#1 *178&$&1
+&'#" 0 11(
8(
0 1#!# "#$% #' 1#!*(
$%#8&" J

&" & #0#% & #($ AW @@ ,'# '#^ $#(&, %( -*(1# & $1%(
%*%&5&%*!*D1'# +&(& & #1#$4&4( "#$%&
> 5 ? 0&& '#$ /)&' < *' +H-(
0 &'#1#$4&4( "#$%&, 18*$/2#1'#1*+#4( 1)&# '(#0/)&' +&9 %
(0 '#
0&&+# /)&#'# < *' +H-( 0 &'#1#$4&4( "#$%& 1,& #8
#('&'#0#% & #( 11*"#0 "#$% #:*#Q 2 3 4
(5 6 ( 7 4 8
2 3 1 9 5$
( 4 8 1
( 5 $ 1 )+ ( $ $ 4
$ $ 1 :
U
&$1*% YYY #'8 (-# + *" '#10(/)& " (
1 +& "#$& (. ' ' 1 E,'&1 1#*1 + &'*% &1 8
($ $0#(&1 # '& 1#*
"&'&'#8 *$0(
&$ "#$% &

@
5 #1%/)& '# 1#4(
/&1 >0&$1*%
& (, 11(
1%D$0( %
;0$(
0 ,!#1%
)&,(
"+ 0%
& "-(
#$% ,#%
0? &
1#0%& +H-(0&&*+ (
4 '&P

E& $#0(
"#$%
& '# #:*(
+ "#$%
&1 & 1#0%
& +H-(
0& &* + (
4 '& #" + &<
#0%
&1 8
($ $0('&1+# 1
EP

"+ #(
%' 1'#&- 1'&1#0%
& +H-(
0&&*+ (
4 '&#" + &<
#0%
&18
($ $0('&1+# 1 EP

5 %
(0(
+ /)&,0&"& (
$4#1%(
'& ,+ &"&%
& &* 0& 8
($ $0('& #" + &<
#0%
&1+ (
4 '&1&* + &<
#0%
&1
'#+ 0# (1+H-(0& + (
4 ' 18(
$ $0('&1+# 1 EP

-%#$/)&'#1*-4#$/2#1 & - ( !&'#+ &! " 1#1+#0( (. '&10&"&&1+ &! " 1'# +&( &
O1 & ! $(. /2#1 $)& !&4# $ "#$%(1 &* &*% 1 #$% (
' '#1 1#" 8 ($1 *0 %(
4&1 >#!
*$(
4# 1(' '#1, 11&0(/
2#1 + &8(
11(
&$ (
1 # 1#0%
& ((
1? $#1%#1 + 9
1#1 &* #" + 0# (1 0&"
#$%
(' '#1 &0 (1

+ &0#11&'#+ &1+#0/)&'#$#!70( &1;'( 1+#$'(&1&#% #" #0&$&"(1'##10 ,+&( 1("+( 0 *"


8
&% # + #1#$/ &0 # *" 0&"+ $B "#$% &0 &$%9
$*& '&10&$0* 1&1# +#&1O + #1#$%/)& '#
+ &+&1%1 F !& %"-;" '( 4*! '&1 $ $% #$#% +# 1 E, +# $(
)& * &+#( # +# 1
*%&( ' '#1 0&$% %$% #1 &0 (
1 (1, ' ' "*% (
+(0(' '# '# 8
&$%
#1 # ( $1%*"#$% &1 '#
8
($ $0("#$% & '((
!('&1 &1'(8
##$% #1+ 9 1#1# 1#0% & #1,"*( %1#"+ #1 11#$%#" '(8(
0*' '# #"
0#'# # #" &+% (
"(. *%
((. /)& '&18 *$'&1 '(1+&$9 4#(
1 "#1"& '#+&(
1 '# %# ('#$%(
8(
0 '& 1
8
&$% #1,($1%*"#$% &1#0&$'(
/2#1!# ( 1'#8 ($ $0("#$% &'(1+&$9
4#(1

" !# ,#1% # + &0#11& #3(!# *" 1( 1%


#" '# 0&"+ $B "#$% & # '# 0% * (. /)& '( $C"(0 #
1&- #%*'& *" '#:* /)& O1 $#0#11(' '#1 #1+#09
8(
0 1 ' 1 #"+ #1 1 # '&1 + &<#0%&1 & $ 1#
11(
" ("+ #10($'94# 0( 4#9 0*&1:*# ! $%" #1% 0% * (. /)& # '(
4*! /)& # :*#4#$B "
0( *" '( $C"(0 +&1( %
(4 '# ( $%
#0C"-( & '##3+# (D$0(1# '# ! #! /)& '##1 8& /&1'# %&' 1
1+ % #1 ($%# #11 ' 1 5 ($1%(
%*0(
&$ (. *" '#1% #1 4#90*&1 + &+2# 1# 0(/)& '# *"
Q -1#4 % 7( & '# +& % *$(
' '#1 '# #!70( &1 $&1 5 91#1 *178 &$&1 #" #1#$4&4( "#$%&R
($0*"-('&' 11#!*( $%#18*$/2#1J

#0&B , 0%
* (. /)&#'(4*! /)&' 1(
$8& " /2#1 # %(
4 1O1&+& %
*$(' '#1'#($4#1%
("#$%&
# $#!70(
&1, % 4;1 '# *" +& % $ $% # $#%,'# *" -&#% (
" ##0%7$(0&,# (
$0*1(4# '#
<
*$%
& '# 11&0(/2#1 #"+ #1 (( 1 # 1#0%& ((
1+ 0## %
&" ' '#
0&$B#0(
"#$%&#8"(( ( ' '#P

11#11& ( # + &"&/)& <


*$%
& ' 1 #"+ #1 1, 80((
%$'& # -& /)& # #1%*%
* /)& '#
+ &<#0%
&1#&+& %*$(
' '#1'#$#!70(
&P

0&"+ $B "#$%
& # '(
4*! /)& '# -& 1 + 6%
(0 1 # '# 0 1&1 '# 1*0#11& $&*%&1 + 9
1#1 '#
+#:*#$ '(
"#$1)&:*#+&11 " 1#4('##3#"+&+ "#B& (1#" 5& % *! P

#1#$4&4("#$%
& '# (
! /2#1#0&$%0%&1#'& 8*3& '#( $8
& " /)&, "&$%$% #,0&" 1 E #
0&" &*% 18 &$%#1'# (
$8&" /)& 0&"& 1'##! /2#1'& 5 5& %
*! # 1#"- ( 3 ' 1#,
<*1 $%#,0&" 1#"+ #1 1,- $0&1,0&$1*%
&#1,($1%(%
*(/2#1'##$1( $& 1*+# (
& ,&! $(. /2#1
$)&!&4#$ "#$%( 1#&*% 1 11&0(/2#1

18 *$/2#1 0( " 1*!# ('1+ & -1#4 % 7(& '# +& % *$(
' '#1 '#4# )& 0&"+#"#$% #
#8& / & '#1#$4&4( "#$%& '# 0 + 0(' '#1 '# #1%*%
* / )& # 8($ $0("#$% & '# + &<#0%
&1 # '#
%&" ' '&1 #1+#0% (
4&1 (10&1 &*%&1+ 9 1#1#* &+#*1, % &" ' '# ( 10& ; 11#!* ' +# 1
E +&(1("+(0 & 0#11& 0 +( % #( 0&" +&(&'& 1%'&,#*" 0 + 0( ' '#'#% &" '
'# 0&"+ &"( 11&1 # #$4&4("#$%&1,+ ;" ' "# #0&B # '( 4*! /)& '# ( $8& " /)&
5 #%#$'# 1#,+&(1,:*# & #3# 09
0(& ' 18*$/2#1 '& -1#4 % 7(& #1%#< #1%#(%"#$% # % (0* '&
0&" 0%* /)&' 8*%* E +& %*!*#1 '#8 &" 0 $/ '#1#<' 0&"+#"#$% ( ' '#

;" '& +&( & & '#1#$4&4( "#$% & #0&$7"( 0& $& #1+ /& *1 78
&$&, 0&&+# /)& + &
'#1#$4&4("#$%
& %"-;" 0&$1% (
%*(*" ("+& %$% #($1%*"#$% & ' +&9 %(
0 #3% #$ '# 5& %*! J
+#&1 /&1 B( 1%
7(0&1, 8#0%(
4&1, +&9 %
(0&1 # #0&$7"( 0&1 :*# $&1 ( !" &1 + 9
1#1 #"
'#1#$4&4("#$%
& '# 9 $!* &8(0( +& %*!*#1 #11# 1#$%('&, # + %(
$!( & 1#!*$'& '&1
&-<#0%
(4&1 0(
" , = + #0&$(. &( $4#1%
("#$%&$ 8 & " /)& # ($%#0C"-(& '# #0* 1&1
B*" $&1# $ 0 + 0(%/)& ($1%
(%*0(
&$ '&1+ 9 1#1-#$#8 (
0(6(&1,+ &+& 0(
&$ $'& B#1&1"#( &1#
&1($1%*"#$%&1$#0#116 (
&1 & 1#* + 7+ (
& '#1#$4&4(
"#$%
& # 0#11& &18*3&1($%#$ 0(
&$ (
1,
4(1 $'& ( $%
#! /)& '&1 + 9
1#1 " (1 +&- #1 $ #0&$&"( "*$'( # & 1#* '#1#$4&4(
"#$%&
1*1%#$%
64#

& #$%$% &,$ + 6% (


0 4# ( 8
(0 1# 8#:*#$% #"#$% # :*# B6 1#0%& #1 '# ! $'# ##4& + &
'#1#$4&4("#$% & #0&$7"(0& $&1 + 9 1#1 *178&$&1 >0&"& #'*0 /)&? &$'# #3(1%
#" ! $'#1
0 D$0(1#1( "*%$# "#$% # *" #30#'#$%#'#+ &8 (11(
&$ (
1#" 5& % *! 5& &*%& '&,#3( 1%
#"
"*(%1 +&1(/2#1 $&1 &! $( 1"&1 "*% (% # (1 # $&1 + &<
#0%&1 +& ##1 8 (
$ $0('&1 $&1 + 91#1
*178&$&1,:*#+&'(" 1 # "*( %&-#" + ##$0B( '&1+& +& %*!*#1#1" 1:*#$)&&1)&+& 8 % '#
(
$8& " /)& N +&( 1$#0#116(&( $4#1%
(! 1'(4# 1 11(%*/2#1#+ &+& 1&*/ 2#1+ '($ "(. &
8*3&'#+ &8 (11(
&$ (1+& %*!*#1#1+ +&1(
/2#1# 0% (4(
' '#1'#( $%# #11#$&1+ 91#1 *178
&$&1#
$1 ( $1%(
%*(
/2#1 ($%#$ 0(&$ (1, # + % + &+2# 1# "#'(' Q ( $ "(. &&0 /)& '#
5 &8
(11(
&$ (157 #1#$4&4( "#$%&R

'#1 8
(& #0&$7"( 0& :*# 5& %*! #$8#$% ; & '# *"#$% & 4 & 0#10#$%'& & ( %"& '#
'#1#$4&4( "#$% & '#1#<'&,% 0&"& 0&$1 ! '& $ 1% % ;!( 0(
&$ + & #1#$4&4("#$%&
=*1%#$%64# > =? @@A @ A :*#% #" 0&"&&-< #0%(
4& 11#!* *" 0#10( "#$%&" (1 6+('&'
#0&$&"( +& % *!*#1 +#"( %
($'& #%&" '(
$C"( 0 '# 0&$4# !D$0( 0&$0#%(
. /)& '#1%
#
&-<#0%(
4& '#4#6 11#$% $*" 0#10( "#$%&" ( 1 6+('& ' + &'*% (
4(' '#, 11&0('& *" 8 &%
#
($4#1%(
"#$% & $&11#0% & #1'# -#$1% $1 00(&$64#(1,& :*#+ 1# 0&"+ % 9
4# 0&" 0(/)& '#
#"+ #!& #3( !# *" "*' $/ $& + ' )& '# 0% (
4(' '#1 '& + 9
1 1($%&$(
. '& 0&" '($C"(0 '&
0&";0( &($%# $ 0(&$ # *" " ( & 0 + 0(
' '# '# 0 +% $4#1% (
"#$% & (#0%& 1% $!#(& > ?
#1%*%* $% # #11# 1#$% (
'&, 1 "#'( ' 1 :*# 1#!*#" + #% #$'#" ' *" 0&$%(-*%& $
+ &11#0*/)&'#%D1&-< #0%(
4&1#1% %;!(
0&1("+& %$% #1, 1 -#J

#1%
("* & P

'(
$ "(
. 1#3+& %/
2#1+& %
*!*#1 1P

+ &"&4# &'#1#$4&4(
"#$%
&#0&$7"(
0&#" + 0# ( 0&" &1+ 9
1#1 *178
&$&1
!"#$%
& # &!$# #'( & & )*& ( + * "*# & ( + *( (# '( &$$" $#
%# & ( ,&%' ( + " ,(%
,# &
( "$"& &
-, %+( ' .
"/ 0% ( * (%1 *( $# "&$# &(
)
$ + # &%' $# & ( '(& * %+ * "*# & ( + *( (# '( &
$$" # +( %( (' 2(!
& , "+ *&,+ + "+ , "& 34( + " ,(%
,# & (56 7 /

" *&
( &*( ""$# " ! *&$%# & # & (+( ( #$ +(!*(#( $# +("+(#. ("' ( &- ("+
6 !)* ( + " )( 8$ *( "&&
$ ( + " ,(%
,# &( "$"& &-, %
/ ""# ( + #( "& ( & "" +("
(, (" + " #' " "+(" *&( ! # ' &*$% !("'% ("+ 4( $ (' ' 6 (9#:& (+(
' 1;#(0( # <$ + (= (> 0( # <$ + ("(: , "& 34( + " ,(%,# & (&* (%1 *(/

&# $# * -*& & ", " % :$"* + *(#' &&,+ + ("+, "("" *& ( "+ *( (# /
%,9 * +( " *&( ! &#: #! "$% &+( + * ""+ + + +$2 + ' +? * &* +
0( &
$ % (" *(#:$"&.
, ")1"" "!+ + %# &34( + " " , " #$ + " + ")( # "+ 8$
+ %" + ' + # ( *(#' (# ""
( ""$# +( & *( %# & ' +$34( %(: %+ " # ""@ " +
" "*(# ) &(+ "& $)/

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


!"() # #$+ 3 "
+ ' + # *(# &(+$34(*% + "+ # * +(%, *( *( * % "$ "&
4(&* *
*(# * %/

#& (+( "& *


( &;&
(! & , 34(+( "&+(+ , " ' "' & (*( *&()
$ *( # &
(
+(" # * +("! * +( # * "#(" ' %# " ,&-, " )%
A " + # * +(! (# + # &
#' + +(( :$"(+ '(+ + #( ('1%(" & +( " $ 3 + : "&*# & (/

0( &
$ %&# $# %, + + ' +? * ;& ( +(#. ( &*(/ B $ / #("& 8$
0( &
$ % !+ 4( $ (' !(" ;&
(' ."# "+ ' + & +( ;& ( /

B $ /= ' +? * &* +( ;& (! # 5


C7

%& !C
$; #:$ ( EH!
DC
A' EH!
FC
% + HH!C
&
-% HF!C
0( & $ % H ! FC
%* >D!FC
"' A >F!FC
$ 8$ > !C
K$"& > !C
* D>!C
"%
(,-8$ DD!
>C
%# A D !>C
$ . D !>C
B % 9+ FH!C
(-* F>!HC
&1 FG!EC
"%(, F !C
B 3 F !C
$%- G>!>C
& $9 G !C
J$ * H!
HC
(# !GC
(% + >!GC
"% 9+ >!C
'I:%* A * F!GC
"&1 G!C
0(% 1 F!
FC
F!
DC ( +(
D!
EC # *
G F F F FC C FC C FC C FC C FC G C GFC F C FFC D C DFC > C >FC H C HFC E C EFC
C C C C C C C C

B( &L J

(%( ( + + * + + E !0( &


$ %&, $# + ' +? * +( ;& ( * (# ., "* "* &"!" #'
*# +(" H C!*(#( " , )* B $ // "& %, + + ' +? * !+ & +? * * "* &
M$"&)* , "&# &("" )* &,("!'( $# %+(! ;'%( 34( + *
$ "(" +1 (" (,-, " !
'( ($&(! $&%2 34( *( %+ ( $# & ( + )*? * &* / "&" , "&# & ("!
' %# + $# & # ("" " $ 3 + : "&*# & (!+# $ 4( ( + " 8$%.
: ( + (""
:% 3 + ' # & ("!8$ &# $%
&# # & ,"&
((" $+ )* , " !+ +(( * & $# & (+(
*$"&
( +( ' &1%( + ($& ") ( # "' #- "+ / (& 8$ ! 8$ & ( " #'( &3@ "+
*(#:$"&.
, ") 1"" " # EEH ' " & # DC +( *$"&
(&(&%+ " #'( &3@ "! "& , %
( $# & ($
' C # G/
B $ /= ' +? * &* + 0(&
$ %+( ;& (

HH!C
H>!C
HD!C
HF!C
HG!C
H !C
H !C
H !C
H !C

>

E
EE

EE

EE

EE

EE

EE

EE

EE

EE

EE
' +? * ;& "&
(/5 ' +? * ;& 7
B( &L *34( %+ (%
(

* "* ( )*&
( + ("" + ' +? * &* +( ;& ( " & +$2 $# (# + ' +? * +(
' &1%(!*(#' &, # & ("($&("' * (" $ (' $"/
B $ /= ' +? * +(' &1%(! # 5
C7

M alta 1
Chipre 100,0%
00,0%
Grécia 66,3%
Luxemburgo 63,9%
P o rtugal 61,9%
Irlanda 56,0%
Espanha 55,2%
Ho landa 54,7%
Cro ácia 50,8%
B élgica 50,8%
Itália 49,8%
Dinamarca 44,8%
Á ustria 42,5%
A lemanha 37,4%
Eslo vénia 35,9%
Suécia 35,6%
França 35,3%
Reino Unido 35,1%
Letó nia 33,2%
Finlândia 30,2%
Lituânia 29,0%
Hungria 24,0%
B ulgária 23,7%
Ro ménia 22,7%
P o ló nia 22,3%
República Checa 19,5%
Eslo váquia 17,4%
Estó nia 15,6%

0,0% 10,0% 20,0% 30,0% 40,0% 50,0% 60,0% 70,0% 80,0% 90,0% 100,0%

B( &L J

0( &
$ % &#: # $# +("' ." "+ 4( $ (' # " & ",(" # / ( *( &- (+ # +
+ 4( $ (' ! & "+ + &* !# ++ ' %( -*( & (*( "$#(& (&%+ ' #-
(' (+$&
( & (: $& (!&# A"&( * # & , +( $# & / * & (#(+(! "& +* +( & +$2
)*? * *(# 8$ $&%2 + /J " )* & ( +(#. ( + * 8$ 2 *(# (
#. #( *( "$#( + ! ' (;# +(!' * + &'( + $&%2 34( *( )(# "+"'( :%+ + "
&* (%1 * "! 8$ &+ + + ) %*( "$# + N I&% & * + *&,+ + /

( %+( + () &!A- * ( "+ &


(+( $# *( M$& ( + ' + " + & ") ( # 34( + & "'( &
+"& :$34(! (# + # &! ( * "(+ %*& *+ + !*$M +$34( *$#: (" "' *&,("(' +( "
8$ #'( & * % / (%+(+ ' (*$ !("*( "$# +( "& ?# $# ' ' %)
$ + # &%' +$34(
+" )*? * "! 4( "1 '( %& 34( +(" *(#'( &# & (" +,+$ "!*(#( *$* % *( &* (
" *&
( +(" & "'( &"! # " &#: # '( &(+$34( + (, " &* (%
( "/ 0( ($& " ' %, "!
#' ("( 8$ 0( & $ %*( "$# : "& & # (" ' #- ! ' *' % # & + ( # )
1""%
#'( &+ !'( * + $ (+ 8$ 2 * + /

:% / +* # " " & "+ + " &* " + ,- (" ' .


" " $ (' $"/ '+ # & "
, )* 8$ 0( &
$ % "& # " > C + ' * ( # "#( # %
A4( + $ (" +( 8$

G
# * ! #:( " M # " )* & 8$ #$& ("' .
" "+(* &( %"& $ (' $! *% $ +( ($ !
( # " & ",( + &
(+("/0( #!A- (& 8$ &(+ ' #- *( "$# + ($ +
( # +1 8$ # ( ' & + "& + )( &" (,-, "!' &*$% # & A+ ( %*& *+ + /

O + (& 8$ 0( &$ %(*$' ( / % $ ( (%+ " & "+ + " $ (' !# "*A # " & 34(
' ( )*&
( + ("+ 2' .
" "*(# # ( & "+ + 5 + # * *(# # ("> '( & ("' * &$ "
& N "' A ( $; #:$ ( *(# # (" '( &
(" ' * &$ "7& # * ""+ + " &* "
&+ # & # ( " # , % ( :"(%
$&(!+ +( (" "' *&,("*%# "/ )*&(!( I# ( + # " "'(
( ; +(!'( ; #'% (!" )* &, " 8$ &+ + " + 8$ *# & ( (" " *&( " "+ * % +
" ,3(" #$& (# ( +(8$ # 0( & $ %/
:% /= & "+ + &* $ (' ! #

tep/milhar de Euro
Dinamarca 109,6 0,0%
Irlanda 109,8 0,2%
Itália 139,8 27,5%
Reino Unido 143,8 31,2%
Áustria 144,2 31,6%
Alemanha 159,2 45,3%
Holanda 168,9 54,1%
França 170,7 55,8%
Espanha 171,7 56,7%
Luxemburgo 175,2 59,8%
Portugal 189,5 72,9%
Suécia 190,4 73,7%
Grécia 195,6 78,5%
Bélgica 207,0 88,8%
Malta 208,3 90,1%
Chipre 217,6 98,6%
Finlândia 258,0 135,4%
Eslovénia 279,5 155,0%
Hungría 363,7 231,8%
Letónia 444,0 305,1%
Polónia 503,1 359,1%
República Checa 544,1 396,5%
Lituânia 553,4 404,9%
Eslováquia 652,6 495,5%
Estónia 670,4 511,7%
Noruega 1087,7 892,5%
B( &L J

(%,(: *(+ ") ( &" (,-, "+ !+ (# ""4( $ (' ! ) +(8$ PQ *( & :$34(
+ "B( &"+ (,-, "5B 7' ( 8$%.
:( &*(+ (#$ + + *( & $ $# . ,%
8$ *& -, %
!& +( # *( & ( '(& * %&* *( +"'( .,% P
R "&
( ' &*$% # & , + + (
" *&
( %*& *(! ( + # ++ " + )*? * (, " &* (%
( " "4( &* * # & # " )-* " +
&(+$2 /

* ""+ + + " &")2 ( *( & .$( * "*# & ( + ' (*$ + ( )$&
$ ( ' 1;#(!
"' * %# & (+(#. (+ %*& *+ + ! # *( )( & (*(# #' (" +$34(+ " # ""@ "+ ""
+ )& (+ "&
$)! (: # $# , "&# &( " )* &,( ;'%
( 34( + " )
( &" +1 "
(,-, "/ & "&"!"4( "' * %
# & ' (# ""( " "" $ &"L

1%* R

+ ( %*& * !8$ + + " ' (, &# &


("!8$ + # A.
+ * "R

J(% R

+ "R

(# "" ! ".
+$(""1%+("$ : (" :( -"
/

;* '&
$ +( A+ ( %*& *+ + ! "&")( &""4( * *& 2 + "'( $# " )* &, & #& ?*
"$ +"'( :%+ + / "&
( ! ;"& $# %& 9* + ' . (+(" + %& + : ; * ' *+ + +
;'%
( 34(!*(#( !'( ; #'%( '( #(&,("1:,("!(* "(+ ) ( & "(% / B $ /G +* # " !
' ! "' &*' 3@ "+ * + )( & ' #- " &")34(+ ' (*$ & (&%
/

F
B $ /
G = B( &"' #- "+ # 0( &
$ %
!#

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

(# ""
>/FC
B(&
(,(%
&*
/ C $& ")( &"
(,-, "
( -"
.
+* / C
/ FC
F/DC
1%* ".
+$(""1%+("
(& # * $ : ("
/ C /
>GC

B( &L *34( %+ (%
(

"&")( &"+ * "* $&%2 34( * + , 2# ( + ""&# "+ ' (+$34( * (#: + +
*%( %*& *+ + ! ( # %
# & +" +(" '( ""&# " + *( 34(/ "& ' (* ""( + $&%2 34(
*( %+ !M- + A- #$&( &#'(!' # & $# $# & ( + )*? * &* # ' (* ""("
+$"& " # 8$ A- + " * ""+ + "+ * % ( !*(#( ( * "( + +I"& + ' "& + ' ' % !+
8$.# * + : " + +I"& %# & /

B $ /
F #("& ' &*' 34(+ * + )
(# + ' ' (+$34( &
(&%+ %*& *+ + #
0( &
$ %
!# /
B $ /
F = 0(+$34(+ %*& *+ + # 0(&
$ %#
GWh
Gás natural 20,52% Hídrica 33,56%
Carvão 13 952
Petróleo 1984
Gás natural 9 813
Petróleo 4,15%
Fósseis 24 771
Hídrica 16 054
Eólica 496
Carvão 29,17% Eólica 1,04%
Geo térmica 90
Geotérmica 0,19%
Fotovoltaica 3
Biomassa e resíduos 1821
Fotovoltaica 0,01%
Cogeração 7,56% Biomassa e resíduos Cogeração 3 617
3,81%
SOM A 46 852
B( &L *34( %+ (%
(

0( &
$ % ""$# $! ( " ( + 4( $ (' ' ! $# # & + EC +( *( "$#( +
%*& *+ + " &") &
('( ' (+$34( ' & + ) ( &" (,-, "+ / "& ( & * ((:M*&,(
# " #:*("(+ $ (' +(" F!*( ) ( # " '(+ , B $ /
D/
B $ /
D= :M*&,("' ")
( &" (,-, " $ (' +(" F! #

>F!C
H !C
> !C D !C
D !C
F !C E!C
G !C !
FC
D!C E!C E!
GC
!C !C !C
!C !C !
FC !C
>C D!C E!C
F!
!C
!C
%
+(
(
*

*
+
+

A
*

*
+

"&
&-

&$
%

:$

J$
9
(%

K$
%
"'
#
B
#

0(
(
#

B
$;

B( &L "&( $ F= #:34(*%


$"& (+(#. (+ " (,-, "

D
:% / +* " '(& ?* &
(&%+ % 34(N + & :$ N' (+$34(+ " (,-, "!
"&
( !N")
( &" (,-, "+ N*
( 34(! # /
:% / = 0(&
?* &
(&%+ % 34(N + ' ' (+$34( # # "' * %
!#

&"#. # " # S
.
+ *(" F
1%*(" F
.
+ *(" F
(# "" F
B(&
(,(%
& *( F
".
+$("J1%+(" : ("
+ "T (, 34( H
( -" >F
(& # F
(&% DF
( 34( :(# "" D
(&% % D F
B( &L 0(%
.&* &* " (,-, "! 5 F7

") ( &" (,-, " + # 0( &$ %!&%*(#( )*($ ,"&(!"4( # " +( 8$ $# * ""+ +
#: &% L %" "4( "& & * " ' " $ 3 +( : "&*# & ( ' ( + " ,(%
,# & (+
+I"& * ' 2+ * 8$ 2 !' &*$% # & # & #("+ (,("'("& ("+ & : %A(/ "& *( &;&(!
* ""- ( *( & "(%
$3@ " (, +( " 8$ ,(%
, # ( ): * ( + (,(" 8$' # & ("!
"' * %# & ( +(#. ( +( J"&# %*& *( *( %! 8$ ,(%, &* (%( " (, " + "+
' (+$34( (*( "$#(!' "" +(' % "& 4( & + + &(+((""&# /

'(& * %+ (, 34( ( +(#. ( + " )* &,(/ ,(% , $# )( & %# & ( &* (%


1 *(
""(* +( (" 8$' # & (" + *( , "4( + ! *%$ +( ( * #'( + ' "&34( +(" " ,3("
""(* +("! $# *(#'( & ""&# *( *( * '&$ %% +( (" 8$' # & ("*( "$# +( "/

& ( +(#. ( &* *( * &.


)*(! * "" # & '( +(" #( & & '( *&,+ + " +
, "& 34( + " ,(%,# & (! "$"* '&
., "+ *( +$2 ( + " ,(%
,# & ( + "(%
$3@ " +$"& "
# 0( &
$ %
! "&
4(L

(+(#. (+ " "%


,(-"./
(0-L

*( * '34( + *(#'( &" + &$ : " 1%* " ' "&%34( # #: &" A("&"!& " *(#(
%
(* "+ +) .*% * ""
(! ,(%
, +(( $"( + # & " "(%$3
@ "8$ )*%&# "&%34( *$"& ("
%&,(": ;("R

*( * '34( + "(%
$3@ ": " + " # # & "*(#'1"&("*
(# * *
& .
"&* " (+ 9# * " +
#( &*# & (+ ,: 3 @ "+ "'-"+ &
$: " 1%* "R

+ " ,(%
,# &( + *(#'( &"+ & )* " %*&1 *(" "(%
$3@ "('&# 2 + "+ *( &(%
(
"&
4(' ( +( " ' 8$ " 1%*("R

*( "&$34( + * &("+ *( &(%


(= %
(* % #(&
( = + ' 8$ " 1%*(" + $' # &
("+
34(+"& :$.
+ % +(" + "+ +"& :$34(+ %*& *+ + /

(+(#. (+ " "%


,(-# /
-%L

+ " ,(%
,# & ( + "(% $3@ " - +( "(% )
(&(,(%
& *(! ,(%, +( - " + ): *(
&* (%
( * # & #$& ( "' * %2 +( *(#( ( # 8$ 34( + )%
# " ) (" '
& 34(+ ' ")(&(,(%& *(" # +).
*("5 7! %2 +( "$ & 34(
## & "+ *( "&$34(R

>
+ " ,(%
,# &( + "(%
$3@ " +$"& " ' ' (+$34( # % "* % + ' " "(% " '
' 8$ (" + " +)
.*("! *%
$ +(A(& "!A("'& "! "*(%"R

+ " ,(%
,# &
(+ ""&# ""(% "& # *("' ' (+$34(+ %*& *+ + /

(+(#. (+ " "%


,(-1-# 1-#L

+ " ,(%,# &( + ""&# "8$ ' # &# ( ' (, &# & (*(# +# "4( +$"& %+
+ "( + "! ,(%
, +( "(%$3@ "# *9 * " (:$"&" +(&+ "+ & )* " + 8$ +("*(# +
%*& * /

(+(#. (+(2(,'#L

+ " ,(%
,# & ( + "(% $3@ " 8$ # % A( # )*? * &* +(" ""&# " +
' (, &# & ( +( :( -" & , "+ (, "&* (% ( "+ ' (+$34( & ")
( # 34( &* +
A+ ( (! # ' &*$% (): *(+ '% A "+ *(#:$"
&., "/

(+(#. (+ 2(3-##-L

+ " ,(%
,# &( + "(% $3@ " +$"& " 8$ ;'%
( # (" *$ "(" )
%( "& " *( "'
' (+$34(+ %*& *+ + R

+ " ,(%
,# & ( + "(%
$3@ " + ;'% ( 34( +(" ".
+$(" +$"& "!+(# "&*(" + ( #
.
*(% ' ' (+$34(+ %*& *+ + R

(+(#. (+("#(
#!"3-#45
2%(
1 #L

+ " ,(%
,# &
( + ""&# "A.
: +("+( &'( "(% & # *( *(#: +("*(# * %
+ " :(# ""
($*(# *$' +( "+ * %
( + $ + + "+ ) 34(R

+ " ,(%
,# & ( + "(%
$3@ " &* (%
1 *" ' ""&# " + *( , "4( ( +(#. ( +
# *( 34(! *%$ +('%
A "+ *(#:$"&.
,%!# *(&
$ : "!""&# "+ # 2 # & (+
""&# "A. : +("/

(+(#. (+ "6(
/4-#1"0 327#!
5&"/
L

*( "(%+ 34(+(+ " ,(%


,# &(+ '$%A "+ *(#:$"&
., %+(&'( &,(!' $&%2 34( #
""&# "+ # 2 # & (+"& :$.
+(+ /

(+(#. (+ "%
"1"#1""/
"0!
%(0(
1-1""#"7#( !
"%8
-0"#L

+ " ,(%,# &( + ""&# "+ ' (&*34( ' (,("""&# "+ *( , "4( + " $"
& )* " %*&1 *("*(# " + " %*& * " * '&
( "/

(+(#. (+ "8
(0(
9 0(
-" "%
,:!
(0-L

+ " ,(%
,# &
(+ "
(%$3@ "&* (%
1 * "+ # ( )*? * &* +I"& R

+ " ,(%,# &


( + "(%
$3@ " ' *
( "&$34( + +)
.*(" 5
*(#(!'( ; #'%
(! .
, %+("
"(%# & ("7R

+ " ,(%
,# &
( + "(%
$3@ " )-, " +( "
(% & # *( ' - $ 8$ & " &
- " ,3("
""(* +("/

(+(#. (+("2( 0 327#!


5&"(
#L

+ " ,(%,# &( + "(%


$3@ " .
*(%" *(# %, +(" +# &
(" &*(" + 8$ 3
4( N"
*( +3@ "+ ;'%
( 34( ;"& &" # 0( &
$ %R

+ " ,(%
,# &
(+ "
(%$3@ "+ *(%
A ;'%
( 34(+ ".
+$("! (# +# & 1%("$" +("/

(+(#. (+ " &-#8 %


3-#1"" "%
,(-L

# - 8$ '(+ - )$&
(" #$& ( #'( & &" ' 2( # " % ( (!# " ( + !'( ""(
# "#(! #'( & & % 3 $# ' (* ""( + -%" + " & +? * "! ('( &
$ ++" "*(" ("
' 1;#("+ 2 ("! + $&%2 34( +( A+ ( (*(#( )(& + R : &
$ + * #'(

H
# " "& - ' " &! '( ""(! ('( &
$ + + " #$&
( " )* &, " ' +I"&
'( &
$ $ "R

" 8$ "& 34( + * :( ( ($ U


* ,4( %#'(P ""$# " *(#( $# ' ( + + #$ + %'
+$34(+ # "" @ "+ / , -" $# ;(' ( & - (+ , "& 34(/

(+(#. (#(
#!:3(
0 "0 0"6!
7-/
L

"& $# - (+ " *( & $# %, +( '(& * %' " #' " " '( &$ $ " " '("
+' + & + & +3@ " +$"& " &* (%1 *( M- +8$ +(/ " :( " "$%&+(" "&
- ! %# + '(+ # " )*% # & ""(* +(" $# ") ( 3( + & *( %2 34(! '(+ # "
* '&
$ +("'( ' .
" "*(#(0( &
$ %! (,(" - + +8$ "" / & "- "
+" ,(%
, ! "" $ &"+ , # & ( " '(&- "L

*( "(%+ 3
4( + " ,(%,# & ( + ""&# " + #( & ( 2 34( *( &(%
(+ +( " +"
%*& * "! ,(%
, +( "&4(('&# 2 + (:$"& + + "*(# + * ' *+ + + *(#: 34(
+ ' (+$34(+ %*& *+ + + )( &" (,-, " +"& :$.
+ "R

+ " ,(%,# &( + ""&# " + #( &


( 2 34( "&
4( &* * *(# * % + +" +
+"& :$34( & "'( & + -"R

* 34( + (, " ) # &" ' '(( N "&


4( *( &(% ( +( ""&# ! *%$ +( * 34(
+ " ,(%
,# & ( + # * "#(" + *( &(%
( "&
4( + ' (+$34( (,-, % + ""&# " +
' ,"4( +( *
(#'( &# &( +(" *$ "(" &*(" ' #- (" + &$ 2 & # & &!*(#( (
, &(R

+ " ,(%,# &


( + '%* 3@ "' ""&# " + # 2 # & (+ !( 8$ ' # & -
(:$"&* ( ""&# ' (+$&
( : *( ' &*' 34( +("' (+$&
( "+ 1%* ( # * +(
& +(R

+ " ,(%
,# & ( #'%# &34( + "& & " *&, " + "&
4( + ' (*$ + 8$
,(%
, # $&%2 34(+ # * "#("+ # * +(!

+ " ,(%
,# & ( + ""&# " + &%*( & #! "&
( + *( "$# +( " *(#$ * 3@ " '
& 34( # (, "'%&)( # "+ *(# * %2 34(/

(+(#. (+ 6%
"#!
-;$ 1"#"%
&(; #< "# ( "('( &
$ + + "' " #' " "'( &
$ $ " "' "" #
' %L

' "&34( + " ,3(" + 8$ ' (#(, # )*? * &* () *# &


( '(
& * ("+ , "&# & ("+ +$34(+("*
( "$#("+ R

34( + ) "&$&$ " " ,3("+ * &)* 34( + 8$' # &


("' ' (+$34( +
' & + *$ "(" (,-, "R

( * '34( ' (M*&(+ ""&# "8$ ;'%( # " (,-, "! ,(%, +((# ' # &(+("
*$ "("*(# ($"(+ ""&# "+ )
( # 34( ( -)* !' "" +(' %("" ,3("+ A +
*(#' A # & (+ (: " ' % "&%3 4( &"& + 8$' # & ("R

B( # 34(+ &* *("' "&%34( # $& 34(+ 8$' # &


("! "&
4(+("+) &"""&# "
+ 34( , )* 34(+ )*? * &* ("* ( "$#("R

) 34( + # * "#(" 8$ ' (#(, # ' &*' 34( + ' 8$ " # + " #' " " (
+ " ,(%
,# &
(+ ' (+$&
(" "(%
$3@ " (, +( " (+(#. (+("""&# "+ !

' "&34( + " ,3(" + )


( *# &
( + *%
( ($ - $ 8$ & ""
(* +(" $: 2 3@ " ($
+).
*("+ " ,3("/

" *&,+ + "+ 6 (+ " ,(% ,# & (+ ' (M*& (" +$"& " ""(* +(" ( 1*(+ ' (+$34(+
8$' # & (" ""&# " ' ' (+$34( + %*& *+ + ' & + 1%* ""$# # * -*&
'(& - (/ "&"' (M*&
("" 4( # ' & '( +("' % ()$ +( + ) * # & (+ 6 "$%
& & +(
*( *$ "( & *( % ' & :$34( + * ' *+ + ( $ + + * & " 1%* "/ " "&& $3@ "
* & .
)* " &* (%1 * " '( &
$ $ " " "4( + & &( "+ *( A *+( *( A *# & ( # + ' &
+ "&" +(#. ("! "' +( " 8$ *( & :$ # ' %# & ! #( & &! ( + " ,(% ,# & (+
"(%
$3@ " +$"& "/ 8$ '(+ "$%
& + "& ' (* ""(+ & 34(+ ' (+$34(*(# ( '((N 6 +

E
(,("' (+$&
(" $# $# & ( + + "+ + +( *( A *# & ( '("":%+ + %+ * $# (,
)% + ,% ( *(# : " &* (%1 * " 1%+ / (# ) &(! "&" (,("+(#. ("* & .
)*(" &* (%1 *("
*( "&&
$ # *A(" + # * +( + # )" + + " ,(% ,# & (!( 8$ " )* 8$ & & (# "
#'( & & &*' " * ""+ + " 8$ *$ &
( # +( ' 2( " 4( )2 " & ( # * +(/
* ' *+ + +$"& %
! ""(* + + % &( .
,%!' # & - $# & * ' *+ + + & *34(
+ , "&# & ( "& (' ' (+$34( + : "+ 8$' # & ( "()&V % +("N ' (+$34( +
%*& *+ + N"$ "&
4(&* * *(# * % /

+ " ,(%
,# &(+(0% ( * (% 1 *( - + ,(%
, $# *( M$&
(+ *3@ "
!8$ + , #!
"#$%
& # &!," ' ("" *$34(+("" $ &"(:M*&,(" "& & *("L

)
( 3( + , "& 34( :-"* # +(#. (" + &)* +("! ,(%
, +( "$ , "+ + " "&&
$3@ "
* &.
)* " &* (%1 * "R

0(#(34( + , "& 34( '%* + + ' (M*&


("'% (&(! ,(%
, +( # (" + "#$%34(
*(#'$&*( % ;' # &% !' ( 8$ " - * ""- ( )(3 " "&$&
$ " %:( &
( "
;"& &"R

") ? * + &* (%
( "' ): * &" + : " + 8$' # &
( + ! *%
$ +(
* &)* 34( &"& ' ' (+$34(+ "(%
$3@ "*(# * "R

* &,( N ;'%
( 34( *(# * %+ ""(%
$3@ "+ " ,(%
,+ "' % * 34( + * &,(
#' " " ;"& &" #' A + " # ' (M*&(" +$"& " - + R

J ":%2 34( + +I"& ! + +# "& 34( 'I:%* +(" *( "$# +( " ' " 8$ "&
@"+
)*? * &* R

:% ) ( # 34( + ' * " *$ "(" ) * (" +"'( :%2 +(" (" )


1$ " *(#$ &
- ("
*( " +(" "&"# & " 8$ A # $# ' "( * "*+(*(# ( &34( "& & * 8$
4( $ (' ""$# $ # # & &* /

' ("" *$34(+ "&"(:M*&,(" "& & * ("+ , : " " # # ++ "*(( + + "!*(#( " ) + "
# * '. &
$%(" & ( "/ "&"# ++ "' "" # '( $# ' &*' 34(+ "$ , "+ + " + " "&& $3@"
* & .
)* " &* (% 1 *" ' (+$34( + , "& 3 4( :-"* '%* + # ' (M*& (" "& & *(" (
+(#. ( + ! ""# *(#( ( * # & ( + *(%:( 3 4( + " "&& $3@ "+ 6 '( & $ $ "" #
' (M*& (" $ (' $" - + /0 "" #! + !' % ( )( 3() * (N" "&& $3@ "* & .)* "
&* (% 1 * "! & , " + * 34( + * &(" + ;* % ? * !*(# *&,+ + " + *(%:( 3 4( & "
$ , "+ + " +I"& !' % $&%2 34( +( * '&%+ "*( 5 , * '. &$%( P * ""( ( B * # & (P7
' #' " " #' A + " (+ " ,(% ,# & (+ ' (+$& (" (, +( " (+(#. (+ + "$
$&%2 34(!' % 8$ %)* 34( $# & ( + * ' *+ + * & .)* &* (%1 * :(%
" "' # "& +(!
+($&( # & ( '1"+($&( # & ( '% ( ) ( 3( + # * "#(" ;"& &" ' *( & &34( +
# "& " +($& ( "' %" #' " " +$"& "*(# ' (M*& (" (, +( " - + /

"&"# ++ " "&$&$ &"!#'( & +"'( :%2 !*


(#'%# & # &!$# *( M$&
(+ * &,("+
* -*& )"* %
! $%& 1 (! $%# &+( ) * (8$ ," # '(& * (* "*# &(+ ;'%
( 34(
+ ")( &" (,-, "+ # 0( &
$ %
/ & %" "" %
&#("L

+('34( + * &,(")"* "' 8$"34( + : "+ 8$' # &


( 8$ *( # N ;'%( 34( +
)( &" (,-, "+ ! (# + # &! (# + # & ("$&%2 +(" ("" *&
( "+(# "&*(!
+(' 8$ (*(# *( + ' 8$ +I"& R

' (, 34(+ % "%34(8$ %2 (%* * # &


(+ " "&%3@ "+ ' (+$34(+ %*& *+ + ( +
" ;'% ( # *$ "(" +1 (" (,-, "R

+('34( + $# 1+ ( + 0 (* +# &("+ ' 34( + 0 (+$34( # # "' * %


!+ ) +(
$# *( M$&( + ' (* +# &(" " *% "! "( 1# *(" (:M*&,("!' "&: %* )(#
*(#( " 4( ;'% ( + " " "&%3@ " + ' (+$34( " + " %*& * " # * - (" + +
& 34(+ ' (+$34( %*& *+ + ' & + ) ( &" (,-, "R
& # 34( + " *( +3@ " + #$ 34( + 0(+$34( # # "' * %
!& +( # * (&
*&, + " " (,-, " +# & +( "$ )$&$ ' &*' 34( # # * +("( 2 +("+
+ " ,3("+ ""&# !%, +( N * ""+ + + + " ,(% ,# & ( + (,("' (+$&("
"(%
$3@ "!*( )
(# M -" , )* # ($&("' ." "/

0( &$ %' *" + $% & ' "" + + ' +? * &* +( ;& ( !( + (" *(#:$"&
., "
)1"" "&
?# $# ' "(+ "' ('( *( +(/ +, ")* 34(+( : "&*# &( ) $ + # &%' &
" $ 3 +( : "&*# & ( & ( # " )* & # ("'(% $ & ( ""&# &*( *( % /
+ (:M*&,(+ $# & )*? * &* ," +# $ +) 3 & ) %*( "$# +
I&% "& &# & * ""- ' (" $$"(/ )*? * &* '(+ *( & :$ ' (* "*# & (
+ *( (# ! +( ,(%
$# " " )* &,(" + '($' 3 + *$ "("!'( $# %+(! ) (# & +( (,("
, "&# & ("'("". , "+ ""(* - "+ 1*( (, +( "/0( )#!' & + " * $# ""&# )"* %
*( & 8$ & A # *( & " , & &" *( 1# * #: &% !*( & :$ +( ' ( *$#' # &( +("
(:M*&,(" + '(% .&* &* *( %/O '("".
,% + "M -, % * &, !' % , )"* % !*(#'( &# & ("
*( 1# *(" *( "$#(" &* # & # " )* &"/ "& " &+(! (" (:M*&,(" "& & *(" "
# ++ "' ('("&" $' # " # & ( (+ &?"' *' ", *& ( "L

/ )
(3(+ " " (,-, "

/ $# &
(+ )*? * &*

/ ( 2 34(+ )"* %+ + ""


(* + (" *&
( &*(
!"#$%! &'# (" )*&" # +! % "#$,()"%!, !'(" ! *"!,*!$% !- # )'&$.+#+! $/) ()+!
"!,()$+!"#(!$#,*)' # * )$,%"&0/) +! $)1#,.$2 "
# !,% "&%
&"#,! *)' # #3!" %&" # +),
'!" *#+), +&(4) .'(!" #%.1) 5&! "!("!,!$%# ) #4#" 6#'!$% ) ! ) +!,!$1)41.'!$% )
,&,%!$%71!4-*)$,#6"#+)$#,*)$*4&,8!,+) )$,!49) &" )(!& +! )% !'3&" 6)-.'(8!
&'#)(% .'.:#0/) +) ,!*%)"+),% "#$,()"%!,; < *9!6#+)) ')'!$% ) +! .'(".'."&'
$)1) " &') = $),,# ()4> %
.*# *)'&' +! % "#$,()"%!,- "!!5&.4.3"
#$+) # +.,%".3&.0/)
')+#4 +! 2 )"'# ,&,% !$%71!4 ! +!,!$1)41!$+) # .$% !"')+#4.+#+! ' ,.,% !'# +!
%"#$,()"%!, ')+!" $) +!1! ,!" &' ,.,% !'# ,&,% !$% 71!4- %#$%) +) ()$%) +! 1.,% #
!*)$?'.*)*)')+),)*.#4 !#'3.!$% #4@

+#(%
#+)+! .1"
) "
#$*)A )4>
%.*# &"
)(!.#+), "
#$,()"
%!,$)9)"
.:)$%
!+!
9)"#+#,)(08!,B C

#(" )D.'#0/) +), (#> ,!, $), E4% .'), % !'(), )" .6.$)& &' *)$F &$% ) +! % "#$,2)"'#08!,
,.6$.2.*#%.1#,- +!,+! ) *" !,*.'!$% ) +) *)'<" *.) +! 3!$, ! ,!" 1.0), !$% "! (#>,!, = .$% !$, #
')1.'!$% #0/)+!(!,,)#,-(#,,#$+)()"&'#'&% #0/)% !*$)4?6.*#" #+.*#4 *#+#1!:'#.,3#,!#+#
$#* #(#*.+#+!+!* )'&$.*#0/)!$)&,)+!" !+!, )"!,% !')% .1)-),'!.),+!% "#$,()"%!!#,&#
!2.*.G$*.# (#,,#" #' # +!,!'(!$9#" &' (#(!4 2 &$+#'!$% #4 $# (" )')0/) +#, % ")*#, ! +)
*"!,*.'!$% ) !*)$?'.*)+),(#> ,!, ')3.4.+#+!B 5&!(#,,)& +! H' ()"+.#!' I (#"# J
H' !' IIKC -< 9)F! *)$,.+!" #+# &' +#+) #+5&." .+) % !$+) ,! % )"$#+) 2 &$+#'!$% #4 (#" ##
5&#4.+#+! +! 1.+# +#,()(&4#08!,-4!1#$+) # 5&! ) * )$2 )"%)-# ,!6&" #$0#-# 3" !1.+#+! %!'()" #4
$#,+!,4)*#08!,!#,&#2 .#3.4.+#+!#,,&'#' (#(<.,* #+#1!:'#.,.'()" %#$%!, )!$% #$%)-(#" #
#4<' +# 5&#4.+#+! +#, .$2 "# !,% "&%&"#, +! % "
#$,()" %!-#, !*)$)'.#, $!*!,,.% #' +! * )$+.08!,
4)6>,%.*#, +! !D*!4G$*.#-()., # (" )6"!,,.1# !,(!*.#4.:#0/) ! +.,(!" ,/) +), ,.,% !'#, (" )+&% .1),
6#" #$% !' &'#(" )*&"#"
)3&,% #+!,!" 1.0),.$%!6"#+),+!4)6> ,%.*#!% "#$,()" %!

4)6>
,%.*#!$64)3##,(" !,%#08!,+!,!" 1.0),#,,)*.#+#,#% )+),),')+),+!% "
#$,()" %
!-),,!&,
)(!" #+)" !,-! ),#*%)" !,+#," !+!,+! * )'!"*.#4.:#0/) ! +.,% "
.3&.0/) )') *)$*!.% )-# 4)6> ,%.*#
,&" 6.& *)' # $!*!,,.+#+! +! 6!" ." +! 2 )"'# *))" +!$#+# +&#, #*% .1.+#+!, 2&$+#'!$% #.,L )
')1.'!$% ) !#" !%
!$0/) +!2 4&D),2>,.*),+! 3!$,$&' ,.,% !'# .$+&:.+) (!4# (")*&"# 4)6>,%.*#
#(" !,!$% # ,! *)') # *#(#*.+#+! +! 6!,% /) +!,,!,2 4&D),-% !$+) *)') )3F !*%
.1) # ,#%
.,2#0 /) +),
*4.!$%!,#)*&,% )'#.,3#.D)

!,+!#(" .'!."#9)" #-# $./) &" )(!.#B C% !' #" !,()$,#3.4.+#+!+!!D!*&% #"&'#()4> %.*#+!
%"#$,()" %
!,*)'&'L.,% )2.*)&'!,')*)$,#6" #+)$) " #%#+)+! )'#-+! IJ #,,?!' IKJ
M *)' ) .'(&4, ) (#" # # *)$*4&,/) '!" *#+) E$.*) ! +! &'# +!*.,/) 9.,% ?".*# +) " .3&$#4 +!
N&,%.0# &" )(!&M ), ,% #+), !'3" ),+# ,!+!3" &0#" #' ,!" .#'!$% !,)3" !!,% !"!5&.,.%) '
II -) " #%
#+) +! ##,% ".*9%+!& 2 .$#4'!$% ! = $./) 1!" +#+!." # *#(#*.+#+! (#" # #*% &#" $)
+)'> $.) +), % "#$,()" %!, !,+! II -# %
!' !D!* &%#+) # ,&# ()4> %
.*# +! % "#$,()" %
!, *)'
#46&' GD.% )-(".$*.(#4'!$% !$##3!" %
&" #=*)$*)" "G$*.#+),'!" *#+),+)% "#$,()" %!")+)1.7" .)+!
'!" *#+)" .#, ! +) % "#$,()" %! #<"!) )' # #3)4.0/) +#, 2 "
)$% !."
#, ! # *" .#0/) +) ,(#0)
*)$?'.*) &" )(!& B C!' II -# &" )(# ,!$%.& #46&$,!2 !.% ),$# )" 6#$.:#0/) +) ,!& % !*.+)
(")+&% .1)-+#+) # * )$*!$% "#0/) +! &$.+#+!, .$+&,% " .#., $# 1.:.$9#$0# +! 6" #$+!, *!$% "), +!
*)$,&') ' )" %&6#4-!,% # '&+#$0 #% "#+&:.& ,! $) !$*!" "#'!$% ) +! &' $E'!" ) !4!1#+) +!
!,%#3!4!*.'!$% ), '&4% .$#*.)$#.,-!' !,(!*.#4 (" )+&%)" !, +! 3!$, +! * )$,&') *)" "
!$% ! 5&! , !
%"#$,2!" ."
#' (#" # ,(#$9# &" 6.&-!$% /)-#$!*!,,.+#+!+!" !2)" 0#"#4)6> ,%.*#$)2 &$*.)$#'!$% )
+)'!"
*#+).$%
!"$)-'&.%
)+!(!$+!$%
!+)')+)"
)+)1.7"
.)(#"
#) %
"#$,()"
%!-*)' +!,%
#5&!(#"
#
),

,%.'# ,!5&!#% < ),!*%)"+!% "#$,()" %!,+!'!" *#+)" .#,*" !,0#*!" *#+! K ()"* !$%) !'
1#4)" ,!$+) *!" %) 5&! ) #&'!$% ) +) *&,% ) +), *)'3&,% >1!., % )"$# .$!1.% 71!4 5&! ,! +!+.5&!
#% !$0/) (" .)".%7".# # !,% # 7"!#- $&' !,2 )" 0) (#" # # ,&# " #*.)$#4.:#0/) ! *)'(!% .%
.1.+#+!
*)'(!% .%
.1.+#+!+#,!*)$)'.#,-)$+!#()" % &6&!, #,!.$*4&.-F )6# ,!$)*#'()+#," !4#08!,!$% "!
!'(" !,#,-,!$+) # .$% !"$#*.)$#4.:#0/) +!,% #,-!' (#" %.*&4#"5&#$% ) #), 3!$, % "#$,#**.)$71!.,-
+!(!$+!$% !+#,$),,#,*)'(!% G$*.#,4)6>,% .*#,!+#!2 .*.G$*.#+),.,% !'#4)6> ,%.*)$#*.)$#4 #3!
#) ,% #+) *" .#"* )$+.08!, +! *)$% !D%)-$) % !"".%
?".)-(#" # 5&! #, !'(" !,#, (),,#' #" 5&.%!*%#"
,.,% !'#,4)6> ,%.*),!2 .*.!$%
!,$) &,)+#,.$2 "# !,% "
&%&"#,!D.,% !$% !, ,% #<&'#(" !)*&(#0/) 5&!
# $./) &" )(!.# B C !1.+G$*.#- ()., % !' *)') )3F !*%.1) *" .#" &' , !*%)" +), % "#$,()" %!,
+.$O'.*) ! ,&,% !$% 71!4 (#" # 3!$!2 >
*.) +), *.+#+/),- +#, !'(" !,#, ! +), 6)1!" $), /) ),
.$%!" !,,!,+),&% !$% !,5&!')4+#' #()4> %.*#+!% "#$,()" %!,+# .$%!%.*#'!$% !-),)3F !*%.1),
,&,% !$%71!.,+# ,/)L

"
!1.%
#4.:#")*#'.$9) +! 2
!""
)!)&%
"#,#4%
!"$#%
.1#,#)%
"#$,()"
%!"
)+)1.7"
.)+!'!"
*#+)"
.#,P

(")')1!" # % "#$,2!"G$*.# +) %
"72!6) " )+)1.7"
.) +! '!"
*#+)"
.#, (#"# ')+), +! %
"#$,()"
%!
#4%!"$#%.1),- (".$*.(#4'!$%! ) 2!"")1.7".)- '#, %#'3<' ) %"#$,()"%
! '#">%
.') +! *&"%#
+.,%O$*.#!#,1.#,$#1!671!.,.$% !".)"!,P

!$*)"
#F#"#,(!, ,)#,# )(%
#"!' (!4) *)'3).) !' 1!:+) #1./) !' 1.#6!$,
-().,) ("
.'!."
)<
'#.,*)'(!%.%
.1)B (#"
#+.,%
O$*.#,.$2
!".)"
!,# 5&.4?'!%
"),CP

*".#"*)$+.08!,(#"#5&!),&%!$%
!,+),,.,% !'#,+!%
"#$,()"
%!,(#6&!' &' F
&,%
)("
!0)(!4#,
.$2"# !,%
"&%&"#,)&,.,%
!'#,5&!&%.4.:#'P

"
!+&:."#()4&.0/)!#,2
)$%
!,+!()4&.0/)!#&'!$%
#"#("
)%!*0/)!#,
!6&"
#$0#P

(")')1!"#4%
!"$#%
.1#,'#.,!2
.*.!$%
!,#% "#1<,+# *)'3.$#0/) +! ')+),+! %
"#$,
()"
%! (#"
#)
%"
72!6)+!(#,,#6!."
),!+!'!" *#+)".#,P !

$), (")F !*%


), +# "!+! % "
#$,!&"
)(!.#- +#" (" .)".+#+! = !4.'.$#0/) +), 6"
#$+!,
!,%
"#$6&4#'!$%),+!2
")$%
!."
#-!' (#"%.*&4#"$),!*%
)"2 !"")1.7"
.)

/), #3!'),5&#$% )" !("!, !$% ##4)6>,%.*#$) !' )" %&6#4 )!$% #$%)-,#3!'),5&!$),
) 1#4)"" )$+# ),I JQ ,%! 1#4)"$/) $),,&" ("!!$+!-%!$+) !' *)$% # 5&! # 4)6>,%
.*# !$1)41!
%)+#,#,#*% .1.+#+!,#, ,)*.#+#,*)' )2 4&D)!% "#$,2)"
'#0/)+!3!$,-+!,+!)!,% #+)+!'#% <".#
(" .'# #%< #) &% .4.:#+)" 2 .$#4 +) (")+&% ) #*#3#+)- 3!' *)') ), 2 4&D), +! .$2 )"'#0/) ! #
.$% !6"
#0/)+!,% #,#*% .1.+#+!,

R&#,! K Q +) 1#4)" +) $),,) *)'<" *.) .$%!" $#*.)$#4 +! '!" *#+)".#, < %"#$,#**.)$#+) *)'
)&%" ),(#> ,!,+# $./) &" )(!.# !K Q " !#4.:# ,!()"1.#" )+)1.7".# !4#%.1#'!$% ! #) *)'<" *.)
*)' (#> ,!,$/) (!"%
!$*!$%!,= $./) &" )(!.#-SK ()"*!$% ) +) 1#4)"+),3!$,% " #$,#**.)$#+),
"!#4.:# ,! ()"1.# '#">
%.'# !$% ") +#,$),,#,2 ")$%!."#,-) %"#$,()" %
!" )+)1.7".) +!%<' ) '#.)"
(!,)- " !(" !,
!$%#$+) # '#.)".# +) % "
72!6) +! '!" *#+)".#, ! +! (#,,#6!." ), , *#+!.#, +!

$./) &"
)(!.#P &")(#$&'#!$*"&:.49#+# $!*!,,.+#+!+!%
"#$,()"
%!,,&,%
!$%
71!.,-
!6&$+)+#+),+) ")2!,,)"N
#'!, %)*H
#3#,%!*.'!$%)% G' ),,!&,,.,% !'#,4)6> ,%.*),5&#,! !D*4&,.1#'!$% ! +!%.+),()")(!" #+)" !,+!
3#,!" )+)1.7"
.#!*)$* !$%
"#+),$#,6" #$+!,7" !#,+!*)$,&')+#,:)$#,'!% "
)()4.%
#$#,+! .,3)#
! +) )" %) ) !$% #$%)-&' ,.,%!'# +! % "
#$,()" %!, ! 4)6>
,%.*# ,&,%!$%#+) $) ,!*%)"")+)1.7" .)-
(#"# #4<' +! *)$%" #"
.#") )3F
!*%.1) +! )3%!$0/) +! &'# .$% !" ')+#4.+#+! ,&,%!$%#+#-#(" !,!$% #
+.1!"
,), (" )34!'#,- 5&!" #) $> 1!4 +! *)$6!,% .)$#'!$%)- +!6" #+#0/) +#, .$2 "
# !,%"&%&"#,
")+)1.7".#, ! #&'!$% ) +# +!(!$+G$*.# +! (" )+&% ), (!% ")4>
2!"
),- 5&!" +#, !D% !"$#4.+#+!,
(")+&:.+#,#)$> 1!4 +)#'3.!$%!!+#,.$.,% "#4.+#+!

!6&$+) ) - )"%
&6#4 !,%#1#-!' -$# T(),.0/) +!
&' *)$F&$%
) +! ,!,,!$%# (#>,!,5&#$%) = +!$,.+#+!+#" !+! +! !,%"
#+#,()"U' -2 .*#$+) #*.'#
+!(#>,!,*)')# " <*.#! &" 5&.#!#3#.D)+!(#> ,!,*)')# <46.*#- #> ,!, #.D),-V"#$0#- %74.#
! ,(#$9# ' - # $),,# (),.0/) " !2
)" 0)& ,! ,.6$.2
.*#%
.1#'!$%! *)' # *)$*4&,/) +!
$&'!"),), !4!'!$%), 1.7".), ) !$% #$% )-.'()" %# +!,%#*#" 5&! ,)'), &' (#> , +! (!5&!$#
+.'!$,/)!5&!!,% #.$%!"("!%#0/)$!*!,,.%#+!% !"!' *)$% #)&% "#,1#"
.71!.,%#.,*)'))$E'!" )
+!9#3.%#$%
!,

' )" %
&6#4 ) ,!*% )"2!""
)1.7".) !1)4&.& #,,)*.#+) #),6" #$+!,.$1!,% .'!$%)," !#4.:#+),-#(!,#"
+!#.$+#49!2 #4%
#"!D("!,,/) 1!4)*.+#+!*)'!" *.#4 <2 &$+#'!$% #4 (#"##*)'(!% .%.1.+#+!$!,% !
% .() +! % "#$,()" %
!- ,!$+) *!" %) 5&! !D.,% !' #46&'#, 4#*&$#, *)'(!% .%
.1#, $!,% # 7" !#-
$)'!#+#'!$% ! (#"#)% "
#$,()" %! .$%!"
&" 3#$) +! (#,,#6!." ), +! 4)$6) *&" ,) !4#% .1#'!$% !=
.$% !")(!" #3.4.+#+!-# )'.,,/) &" )(!.# ("!%!$+! #&'!$% 7 4# ,.6$.2.*#%.1#'!$% ! !$% "! #, " !+!,
+), ,% #+), !'3" ), +! ')+) # '#D.'.:#" # !2 .*.G$*.# ! # 5&#4.+#+! )' " !4#0/) =
.$% !"')+#4.+#+!-< .'()" %#$%! 5&! ,! #(),% ! $&'# " !+! 2 .$# +! % !"'.$#., '&4% .')+#., B ")+)
2!" "
)1.7".#C # 4.6#0/) 2 !"")1.7".# #),$),,),(" .$*.(#.,()" % ),-#,$),,#,(" .$*.(#.,2 "#6.4.+#+!,
(" !$+!' ,!*)' #.$!D.,% G$*.#+!&'#4.6#0 /)#) ()" %)+! 1!." )!=$!*!,,.+#+!+!'!49)" #"#
4.6#0/)+)()" %)+! .$!,# ,(#$9#

!6&$+)) )(#> ,!$*)$%"# ,!$# T(),.0/)"!4#%


.1#'!$%
!
=+!$,.+#+!+#"!+!+!*#'.$9),+! 2 !"
")-3#,%
#$%!+.,%#$%!+!(#> ,!,*
)')# <46.*#!#V" #$0#
)!$%#$%)-'#.,&'#1!:!,%!.$+.*#+)"+!1!,!"#$#4.,#+)%!$+)!' *)$%#)&%
"),2#*%)"
!,

!4#%.1#'!$% ! #) % "#$,()"%! '#" >%.')- )" %&6#4 +!,2 "&%# +! &'# 4)*#4.:#0/) 6!)6" 72.*# > '(#" -
*)' *!$% "#4.+#+!!' % !"'),+!% "
)*#,#$> 1!4 '&$+.#4 !4#$),,#*),% #(#, ,#&'#6" #$+!(#" %
!
+) *)'<" *.) '#" >%.') '&$+.#4 ),,&>'), ()" %
), *)' % !"'.$#., !,(!*.#4.:#+),-#+!5&#+), !
*)'(!% .%.1),5&!()+!'-$)!$% #$%)-,!"1#4)" .:#+), $),,#4)*#4.:#0/)6!),% "#%
<6.*#(" !*.,#+!
,! % )"$#"(#" %! +# #(),% # +! (),.*.)$#'!$% ) !*)$?'.*) #> ,!, * )') # .$#'#" *#-V.$4O$+.# !
4!'#$9# (" !,%#"#' 6" #$+! #%!$0/) #) '!.) +! % "
#$,()"%! '#">%.') ! *)$,!6&."#' )3% !"3)$,
"!,&4% #+), )" %
&6#4 (),,&. $)1! ()" %),$) % 4O$%.*)-,!$+) !4!, .$!,- !% E3#4- .,3)#-V.6&!." #
+# V):- 1!." )- !.D8!,-W.#$# +) #,% !4)-V&$*9#4 ! )$% # !46#+# ,()" %),'#.,.'()" %#$%
!,
,/) ), +! !.D8!,- 1!." )- .,3)#- !% E3#4 ! .$!,-5&! ')1.'!$% #"
#' !' *!"*# +! JJ
'.498!, +! % )$!4#+#, +! '!" *#+)" .#, !,%#*# ,! ) ()" %
) +! .$!, ()" " !&$." 1#4G$*.#,
!,%"&% &"#+#,- ,!" &' ()" %) +! 76&#, (" )2&$+#, ! ,! !$*)$% "
#" *4#"#'!$% ! ,&3 &% .4.:#+) !
*)$*!$% "
#+)$)')1.'!$% )+!6" #$<.,!$!" 6<%.*),4> 5&.+),!,?4.+),

'!49)" .# +# 4.6#0/) = " !+! 2 !"


")1.7"
.# !,(#$9)4# ()+!" .# ()%!$*.#" .$!, # &'# ,.%&#0/) +!
"!4!1)-'#,% #4 ,?<(),,> 1!4 %
."#$+)(#" %.+)+) .3<".*) #'3<' (!4),()" %
),$#*.)$#.,
%"#$,.% #' #$&#4'!$% !*!"*#+! '.4 %&".,%
#,!' $#1.),+!*" &: !."
)-,!$+) #*%&#4'!$% ! .,3)#
# *.+#+! #% 4O$% .*# +# &" )(# '#., 1.,.%#+# ()" !,% # *#%
!6)" .# +! %&".,%
#,-!,% #$+) ) V&$*9#4
%#'3<' !$% "! #, *.+#+!, '#., 1.,.%#+#, , (),,.3.4.+#+!, +! !D(#$,/) ,/) #.$+# .'!$,#,! )
%"#$,()" %! '#" >%.') , ? ()+! ,!"&'# +#, *)'()$!$% !, +! &'# !,% "#%
<6.# +! +!,!$1)41.'!$%)
.$%!6" #+) +) % &".,') )$%&+)- .'()" %# "!#40#" ) $E'!" ) #.$+# 4.'.%#+) +! )(!" #+)"!,
'&4% .$#*.)$#.,$!,% #7"!##)(!" #"
!' $),!*% )"4)6>,%
.*)

'!.)+!% "#$,()"
%!#<" !)&,&2
"&. !' )"%&6#4 +!$)1!#!" )()"%
),.$% !"$#*.)$#.,A .,3)#- )" %
)
!V#")$)*)$% .$!$%
!!,!.,$#,.49#,#% 4O$%
.*#, #+#,#," !4#08!,(" ?D.'#,* )' ()1),+.,% #$%!,-
2
"&%)+!"!4#08!,9.,%?"
.*#,-)#!")()"%)+! .,3)#*)$,%.%
&. 9)F!&'#()$% !+!4.6#0 /)#,,.$#471!4
!6&$+) ) -)*&(71#'), !' # T (),.0/) !'
%
"#$,()"
%!#$&#4 +!(#,,#6!."),()"1.##<"!#-*)' &' $>1!4 +!%"72!6)+! - S '.498!,

J
,)(!" #+)" !,4)6>,%.*),*)$*!$% " #' ,!(" ?D.'),+#,6" #$+!,7" !#,+!* )$,&')-!' 4)*#4.:#08!,
+!% !"'.$#+#,% #$%) (!4# #*!,,.3.4.+#+! *)') (!4) *&,%
) +) ,)4) #&,G$*.# +! &' (4#$!#'!$% )
.$%!6" #+) !$% "
! #, ()4>%.*#, +! % "
#$,()"%!, ! +) )"+!$#'!$% ) +) % !""
.%?"
.) %
!' 4!1#+) = ,&#
4)*#4.:#0/)!' 7" !#,'!$),5&#4.2 .*#+#,-*)' "!+!,1.7".#,4)*#.,,#% &"#+#,5&!.$+&:!' #(!" +#,
+!(" )+&% .1.+#+!!#+#$),$)#'3.!$% !!$))" +!$#'!$% )+)% !"".%
?" .)

(#>, !1.+!$*.# #46&'# *#(#*.+#+! !D* !+!$% 7".# +! #" '#:!$#'!$% ) +! % "#$,()"%!- 2 #*! =
*#(#*.+#+! !*)$?'.*# #*% &#4 #%)'.,') +) ,.,% !'# 4)6> ,%.*) ! +! % "#$,()"%!, % !'
*)$,!5&G$*.#,$#2 )"'#0/)+),#6!$% !,-$#'#$&% !$0/)+!!,5&!'#,+!6!,% /)'!$),!2 .*.!$% !,
! $# +.2.*&4+#+! +! #(" )1!.% #'!$%) +),2 #*%)"
!,!,*#4# ! !,(!*.#4.:#0/) )" %&6#4 *)' ) ,(#0 )
*)$?'.*) &" )(!&,!$% .&#$!*!,,.+#+!+!" !2)"0#"#4)6> ,%.*#$)2 &$*.)$#'!$% )+),!&'!" *#+)
.$%!"$) )$> 1!4 &"3#$)<$!*!,,7" .#&'#" !6&4#0/)9#" '?$.*#$#+.,% "
.3&.0/)+#,'!" *#+)" .#,!
$# *9#'#+# '.*" )4)6>
,% .*#-5&! ()+! #&'!$% #") * )$24.%
) !$%"! ), 17" .), #*%)"!, 5&! &, #' #
'#49# 1.7" .# &"3#$#-#'!#0#$+) # 3#,! !*)$?'.*# +) *!$% ") +#, *.+#+!, ,(!*.#4'!$% ! $),
*!$% "),9.,% ?".*),-*#"#*% !".:#+),()"" !+!,+!3#.D# *#(#*.+#+!-< $!*!,,7" .)!$*)$% "#",)4&08!,
%!*$)4?6.*#,-)" 6#$.:#%.1#,!+!'!" *#+)+!')+)#5&!,!'#D.'.:!#,&#!2 .*.G$*.#

!4#%.1#'!$% ! = $),,#(),.0/) $) -! ,!6&$+)),.$+.*#+)" !,.$,!" .+),$#V.6&" # -),


%"#$,()" %!,!,% /)(),.*.)$#+),#*.'#+#'<+.#6!" #4 +),>$+.* !,+!*)'(!% .%
.1.+#+!+#!*)$)'.#
()" %&6&!,# ) !$% #$% )- !D.,%! # 5&!,% /) !,,!$*.#4 +# #" % .*&4#0/) +), +.2 !"!$%!, ')+), +!
%"#$,()" %!,-!' 5&! $!*!,,.% #'),+! !1)4&."(#" # 5&! ,!F#'), '#., *)'(!% .%.1), ! !2.*.!$% !,
#"#.,,)<!,,!$*.#4 5&!,!!1)4&#-$)'!#+#'!$% !!' % !"'),+#$!*!,,7" .#*)'(4!'!$% #" .+#+!
+#, +.2 !"!$%!, "!+!, ! )(!" #+)"!,-!' ,.,% !'#, +! 3.49<% .*# ,!' * )$% #*%)-!' ,.,% !'#, +!
1.+!)1.6.4O$*.# ! !' ,.,% !'#, +! )" .!$%#0/) ! .$2 )"'#0/) #) (E34.*)- 5&! +.,()$.3.4.:!'
.$2)" '#0/) " !4#%.1#'!$% ! # 9)" 7".),- .%.$!"7"
.), ! % #".27".), !4#% .1#'!$% ! = 4)6> ,%.*# +!
'!" *#+)".#,-&' +), (" )34!'#, *!$% "# ,! $# 2 #4%
# +! %!"'.$#., '&4% .')+#., 5&! #" %.*&4!' +!
2)"'#*)!" !$%
!!!2 .*.!$%!),+.2 !"!$%!,')+),+!% "#$,()"%!,-(" )')1!$+)#.$% !" ')+#4.+#+!

V.6&"
# A +! )"
%&6#4 $),%
"#$,()"
%!,

J
$+.*!

J
!,

!,

#+#,

#,

!,
.3&.0/)+!
3#$.:#0/)

!+!+!
R&#4.+#+!

!+! #'
%

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

#$,()"

#$,()"

)
!#U

76&#

"
&%
"

V!"
,%
<"
#<"

#!,%"
X"
"

"

"
"

"
.,%
.$2"

V)$%
!L Y)"
4+ )'(!%
.%.1!$!,,Z!#"
3))H J

S
! "
# $
%&'#

9.,%?" .# +) " &() .'8!, .$.*.# ,! $), #$), *


)' ) % "#$, ()" %! +! 1!6!% #., ()"
*#" ")0#(#" #),'!" *#+),#3#,% !*!+)"!,+! .,3)#! #41!." # ' I K +7 ,!#* )'(" #
+) (" .'!." ) *#'./) !-!$% "
! IJ ! IS #+5&." !' ,! $)1), '!.), +! % "#$,()" %!
(!,#+)-#(),% #$+) % #'3<' $) % "#$,()"%!+! '#% !" .#.,+! *)$,% " &0/) !(),% !" .)" '!$% !
$# #4.'!$% #0/) *)'(),% # (#"# #$.'#., "#$,()" %!, &> , .'8!, +# < *" .#+# !'
ISK
# +<* #+# +! ) 6"&() .$1!,% ! $&'# 2 ")%#2 4!D> 1!4 ! #+#(% #+# =, $!*!,,.+#+!,
!$2 )5&! +! (),,&."#(!$#, *#'.8!, #4% !"#, !!% " #$,2 )"
'# ,! !' ,!" 1." ), *4.!$% !,
(%#' ()",&3*)$% "#%#"*!" *#+!J ()"* !$% )+#2 " )%#-+!*.,/)5&!(!" '#$!*!#% <#),
+.#,+!9)F !-)5&!2 #:*)' 5&!,!F #' #*%&#4'!$% !&'#6" #$+!" !+!+!,&3*)$% "#% #0/)
+) % "#$,()" %!" )+)1.7" .) !,!$1)41!' # +.,% ".3&.0/) +)'.*.4.7" .#-*)' *)3!" %&" #% )%#4
+) % !"" .%
?".) ' I ) 6"&() #+5&." ! !5&.(#'!$% ) (#" # *#"6#,!, (!*.#.,-! !' I I
#(),% # $# .$2 )" '#% .:#0/) +# !'(" !,
# ), #$), K #3" !' # (" .'!." #2 .4.#4 $) )" %)-
#(),% #' $#2 )" '#0 /)+),')% )".,%#,!.$% !"$#*.)$#4.:#' ,!(#" # ,(#$9#
+<*#+# +! I < '#" *#+# (!4) +!,#2 .) +# 4)6> ,% .*# ! +.1!" ,.2.*#' ), $!6?*.), (#" #
7"!#,*)') #'!+.#0/)+!,!6&" ),-#6!,% /) +!2 ")% #,-#*)$,% "&0/)+!*#" "
)0#" .#,!#
6!,% /) .')3.4.7" .# (#" !*!# &> , .'8!, ,(#^#* )' ,!+!!' #+" .+ !+!4!6#08!,$#
$+#4&:.#- #% #4&$9#! #4.:#
)J #$.1!" ,7" .) +) " &() &> , .'8!, 2 ). .$#&6&" #+) ) !$% ") +! (!" #08!,
)6> ,%.*#,+) #" " !6#+)-&' +),'#.)" !,+#(!$> $,&4# 3<" .*# ' )6" &()+7&'
,#4%)% !*$)4?6.* )*)' #.$% ")+&0/)+),.,% !'#+!(),.*.)$#'!$% )()",#% <4.%!B C$),
,!&,1!> *&4),-# " #+.)2"!5&G$*.# ! # 4!.% &"# ?(%.*# ()"*?+.6) +! 3#" "#,$),#" '#:<$,
)F !-#'#" *#% !' (" !,!$0#2 )"%!!' ,(#$9#*)' &'#.'#6!' +!)(!" #+)"64)3#4
*".#0/)+)()" %#4 (!"'.% !#6!,% /)!' #'3.!$% ! 4)6> ,%.*#" !(" !,!$% #*!" *#
+! ()"* !$% ) +) 1)4&'!+! $!6?*.),+) 6" &() !),,!" 1.0),1/) +),'#.,37,.*),#
,!"1.0),+! 4)6> ,% .*# .$%!6"#+# 5&! !$64)3# ) % "#$,()" %!-#" '#:!$#6!'-(" !(#" #0/) +!
!$* )'!$+#,!#+.,% ".3&.0/)

[.'()" %#$%!5&!#" !+!$#*.)$#4 +!% "#$,()"%!,,!F


#.$% !6"#+#+!2 )"
'#!2 .*.!$%!$#" !+!.3<".*#-
!&")(!.# ! %"#$,!&")(!.# B"!+! % "#$,!&" )(!.# C
-" !2)" 0#$+) # *)'(!% .%
.1.+#+! +) (#>,!
.$*!$%
.1#$+) = ')3.4.+#+! +),()" % &6&!,!,! +),3!$,! ,!" 1.0),(" )+&:.+), ,% # ("!)*&(#0/)
!,%73!' (#% !$% !$# $./) &" )(!.#!$#,,&#,()4> %.*#,+!% " #$,()"%
!,-#% "#1<,+) .1" ) "#$*)
5&! 1.,# *)$*.4.#") +!,!$1)41.'!$% ) !*)$?'.*) ! )," !5&.,.%),+! &'# ,)*.!+#+! !D.6!$% ! !'
%!"'),+!5&#4.+#+!!+!,!6&" #$0#-#2 .' +!+!,!$1)41!"&' ,.,% !'#')+!" $)!, &,%
!$%71!4

')3.4.+#+! ,&,% !$% 71!4 +#, (!,,)#, ! 3!$, < 9)F !2 &$+#'!$% #4 ! #*% &# *)' * )$F&$%),
#"%.*&4#+), +! .$2 "
# !,% "&% &"#, !' #().) +), ,!*% )"!, +! #*% .1.+#+!- ()% !$*.#$+) 6#$9), +!
!2.*.G$*.#- !$!" 6.#- ,!6&" #$0#- *)$,!" 1#0
/) #'3.!$% #4- % !'() ! *&,% ), , .$2 "# !,% "
&%&"#,
4)6> ,%.*#, 37,.*#, $!*!,,.% #' +! !,% #".$,!" .+#, $&'# " !+! +! (4#% #2)"'#, *)' *)!" G$*.# ! +!
#*)" +) *)' #,$!*!,,.+#+!,+# !*)$)'.# ' )" %
&6#4-#,.$2 "# !,% "
&% &"
#,+! % "#$,()" %!,'#.,
*#(#:!, +! #().#") +!, !$1)41.'!$% ) !*)$?'.*) ,&,% !$%#+) 4)* #4.:#' ,! $) 4.% )"#4-'#, #.$+#
$!*!,,.% #' +! (4#% #2)"'#, 4)6> ,%.*#, .$%!"')+#., ! .$% !"*)$!D/) *)' # " !+! % "
#$,!&" )(!.# +!
%"#$,()" %!, !1!#(),% #", !$#1!" %
!$%!*)'!" *.#4 !!'(" !,#" .#4 "!4#%.1#'!$% !#),$),,),()" %),
*)' ))3F !*%
.1)+!,!" '),&'#6" #$+!()" %#'#" >%.'#+# &" )(# ()" %)+! .$!,<&' !D!'(4)
$)% 71!4-+!1!$+) ,!"&% .4.:#+) +! 2 )"'# .$%!4.6!$% ! *)' " !*&" ,) #) ! #) %"#$,()"%!
'#" >%.') +! *&" %# +.,%O$*.# B C $) *)$% !D%) +! ,!" 1.0), +!,3&" )*" #%
.:#0/) +#,
#*% .1.+#+!, ()" %&7" .#, < &' (#,,) (" !4.'.$#" !,,!$*.#4 (#" # # .$% !"$#*.)$#4.:#0/) ! #
.$%!" ')+#4.+#+! ),(" ?D.'),+!:#$),# $./) &" )(!.# #()$% #(#" # &' #&'!$% ) *)$,.+!"71!4

()4>
%.*# &"
)(!.#+!%
"#$,()"
%!,$)9)"
.:)$%
! \ B C ]
+) %"72!6) +! '!" *#+)" .#, [ $!*!,,7".) '#D.'.:#"# !2
.*.G$*.# +!,%
!%"#$,()"%
! ! .'(&4,.)$#"
)&%"),- %#., *)') ), 2 4&1.#., ! ) 2
!"")1.7"
.) $), (!"
*&",), '#., 4)$6),- ,!$+) ) %"
#$,()" %!
")+)1.7".)!,,!$*.#4 =+.,%".3&.0/)+!(")D.'.+#+!

4)6> ,%.*#<*!$% "#4 (#" ##(" )+&% .1.+#+!+#,!'(" !,#,-().,.$*!$% .1#2)"%


!'!$% !#,#*% .1.+#+!,#
')$% #$% !!#F &,#$% ! +# (" )+&0/) , !'(" !,#, '#., #% !$%#, .$*)"()" #' # 4)6> ,% .*# *)')
1#" .71!4 $&'#6!,% /) " #*.)$#4 )" %
&6#4 $/) +!1!2 .*#"#%"7, $),,# 4)*#4.:#0/) 6!)6" 72 .*#+!1!
()".,,) , !"()%!$*.#+#P (#" # #4<' +# !, %"&%&"# ! 4)*#4.:#0/) +# " !+!-+!1! ,!".$*)" ()" #+# #
%!*$)4)6.# +! .$2 )"'#0/)-5&! % !"7 &' (#(!4 *" !, *!$%! $# 5&#4.+#+! +), % "#$,()" %!, ! $# ,&#
6!,% /) #+# # 6" #$+! 5&#$% .+#+!+! +#+),! .$2 )" '#0/) #,,)*.#+),#),')1.'!$% ),+!3!$,!
(!,,)#, -#*)'(4!D.+#+!+!,,!,')1.'!$% ),!#,$)1#,!D.6G$*.#,+!,!6&" #$0#!+!5&#4.+#+!-
# 6!,% /) +! " !+!, +! .$2 )" '#0/) ! +! *)'&$.*#0/) % )" $)& ,! 2 &$+#'!$% #4 (#" # )
+!,!$1)41.'!$% ) +) , !*%)"+), % "#$,()"%!, , .$1!,% .'!$% ), #+!5&#+), +!1!" /) *!$% "#",! $#
"!+&0/)+),*&,% ),+!% "
#$,#*0/)-% #$%)(#" #),&% .4.:#+)"
!,*)')(#" #),)(!" #+)" !,-$#" !+&0/)
+),% !'(),+!1.#6!'-)3F !*%.1),!,&3F !*%.1),-(#" #),(#,,#6!." ),-$#.$% !")(!" #3.4.+#+!#$> 1!4
.$%!" $#*.)$#4-$#*!" %.2
.*#0/)(#" ##5&#4.+#+!*)' +.1&46#0/)(E34.*#+)," !,(!*% .1),.$+.*#+)" !,-
!$#.'(4!'!$% #0/)+!+.,(),.% .1),+!,.,% !'#,+!')$.% )" .:#0/)+!)*)" "G$*.#,5&!1.#3.4.:!' #
("? #*% .1.+#+! 3!' +." !**.)$#+# (#" #)" !2 )"0) +# ,!6&" #$0# )F !<2 &$+#'!$% #4 ) " !*&" ,) =,
%!*$)4)6.#,+!.$2 )" '#0/)!*)'&$.*#0/)-=#&% )'#0/)!=" )3?%.*#

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


#+# (#" # )2!" !*!" (")+&%), *#+# 1!: +! '#., 5&#4.+#+!- *" !,*! #
.'()"%O$*.#+),,!" 1.0),4)6>,%
.*),#().#+),!' *#+!.#,.$% !" ')+#.,!.$% !"
)(!" 71!.,-!2.*.!$%!,!
2)"%
!'!$% !,&()" %
#+#,!' $)1#,% !*$)4)6.#,+!.$2 )"'#0/)-4)*#4.:#0/)!*)'&$.*#0/) 4)6> ,%.*#
+!1! %!"&' (#(!4 .'()" %#$%! $# 1.+# +#, (!5&!$#, ! '<+.#, !'(" !,#, B ,C-!'3)" # &'#
6"#$+! (#" %
! !,% !F
# #.$+# ()&*) 2 #'.4.#".:#+# *)' # ,&# .'()" %
O$*.# $# 6!,% /) )" %&6#4
#("!,!$%#&'#+#,'#.)" !,% #D#,+!2 ")% #,("?(".#,A ,&(!".)"#J Q A-!()+!3!$!2 .*.#"+!&'
#&'!$% ) +# *))(!"#0/) $!,%#7" !# 4)6>,%
.*#" !("!,!$%
# #.$+#&'#2 #%.# .'()"%#$%!+),*&,% ),
+!,,#,!'(" !,#,

&% .4.:#0/) +! % !*$)4)6.#,+! " !2!"!$*.#0/) !,(#*.#4-4)*#4.:#0/) ! .+!$% .2


.*#0/) +! )3F !*% ),,!"7
&'# " !#4.+#+! # 3" !1! % "!*9) ,,.,% .",! 7 # &'# " !1)4&0/) % !*$)4?6.*# $), !5&.(#'!$% ), +!
#().) = 6!,% /) +! %"72!6),#<" !)-'#" >
% .')-2 !"
")1.7".) ! ")+)1.7" .) ')+) " )+)1.7".) < # 7"!#
*)' # '#.," 7(.+# !1)4&0/) $),E4% .'),#$),+#+# # *#(#*.+#+! *" !,*!$% ! +! "#*.)$#4.:#0/) +!
%"72 !6), &" 3#$), ! ,&3&" 3#$), %!*$)4)6.# V B ! C ()+!" 7
#&'!$% #"#.$+# '#.,# !2 .*.G$*.# $) %"#$,()" %! +! '!" *#+)" .#,-! < F 7 &%.4.:#+# *)' ,&*!,,) !'
17" .),(#> ,!, #" ##4)6> ,% .*#-#% !*$)4)6.# V % )"$# ,!.$% !" !,,#$% !$#'!+.+#!' 5&!1.#3.4.:#
) *)$*!.% ) " # # $" !+&: *&,% ), +! *)$2 !"G$*.#- !%.5&!% #6!'- * )4)*#0/) +! (" !0), !
"!(),.0/) % )" $#$+) "!+&$+#$% ! ) *."*&.% ) +)*&'!$% #4 ,% ! < &' !D!'(4) +! .$)1#0/) +! 3#, !
%!*$)4?6.*#-* &F
# 6!$!" #4.:#0/) *)' !2 !.%), ,&3,%#$*.#., $# (" )+&% .1.+#+! < #(!$#, 5&!,% /) +!
%!'() )* #,)+!,&*!,,)97&'#!D(4.*#0/)+)5&!< V

K
'()!*
!+$
, - . $
)$#/
0$! 1, '2
'#,1!# #/
,1!# )$
1!#

%!*$)4)6.# V < &'# ()+!" ),# ! 1!",7% .4 2


!""
#'!$% # 5&! (!"'.%! .+!$% .2
.*#"-" #,%"!#"! 6!" ."
&'#1#,% #6#'#+!(" )+&%),-+)*&'!$% ),-#$.'#.,! .$+.1> +&),-,!' *)$% #*%) +."
!*% )!_ )& 1.,&#4
'#1!:5&!!,% #%!*$)4)6.#&%.4.:##"#+.)2" !5&G$*.#(#" #*#(%&"#"),+#+),!$/)#4&:B *)')<)
*#,)+),*?+.6),+!3#" "#,C-*)$,!6&!,)3" !1.1!"!' #'3.!$% !,9),%., V !,% 7#,!"&% .4.:#+#
(!4) .$.,%<" .) +# !2!,# $), ,% #+), $.+),-$)'!#+#'!$% ! #5&#$+) +#,)(!" #08!,'.4.% #"!,$)
2!6#$.,%/)!$) " #5&! '#+#,1#$% #6!$,+!,% #&%.4.:#0/)$)*#,)+), *)$,.,%.& $#" !+&0/)
+! &'# 2 )"'# *4#"# +# +.'!$,/) +), 2 )"$!*.'!$% ),-#&'!$% #$+) # 2.#3.4.+#+! ! # ,!6&" #$0# +#
*#+!.#4)6>,%.*#3!' *)'))$E'!" )+!" !*&" ,),9&'#$),!$1)41.+),

V (!" '.%!- #%
"#1<, +# 2 "!5&G$*.# "7+.)- (!"
*!3!" *4#"
#'!$%! # 4)*#4.:#0/) +) '#% !"
.#4
("!%!$+.+) ! %
"#$,'.%." .$2
)"'#08!, %#., *)') ) ! '#., +!%#49#+#,-%#., *)') )
!,%#+)!' 5&!!$*)$% " #

!,%! ')+)-) .$.,% <".) +# !2 !,# +), -#(" )1)& $# " .'#1!"# (#,,#+# &'# $)" '# )$+! ,!
.'(8!-#),,!&,2 )"$!*!+)" !,-#*)4)*#0/)+!!% .5&!%#,B C(#,,>1!.,+!4!.%
&" #_"
!2 4!D/)+!)$+#,
+! "7+.) V $),3!$,# !$% "
!6#" ,% # $)"'# !$% ")& !' 1.6)"$) (#,,#+) +.# +! &% &3") +!
J ,% # %!*$)4)6.# (!" '.%! ! 6#" #$%! &'# '#.)" ,!6&" #$0# ! &' 2 7*.4 *)$%")4) +#,
+.,()$.3.4.+#+!,

,!,% .'#%
.1#,'#.,(!,,.'.,%
#,+) .$.,% <"
.) +# !2 !,# #()$%
#' (#"
# &'# "!+&0/) +! *&,%
(,+!
#(")D.'#+#'!$%! '.498!, +! +?4#"!,$),(" ?D.'),*.$*) #$),! #,(" !1.,8!,'#.,)(% .'.,%
#,
#()$%#' (#"#5&!!,%!1#4)"(),,##% .$6." - '.4 '.498!,+!+?4#"!,

' % !"'), +# ()4> %.*# " !6.)$#4 % #'3<' ,! " !*)'!$+# &'# '#.)" *))(!" #0/) #) $> 1!4 +#
.$%!6"#0/) +), 2 4&D), 64)3#.,-+! ')+) # (),,.3.4.% #" 5&! )" %&6#4 ,! % )"$! &' (" !,%#+)" +!
!D*!4G$*.# $),,!" 1.0),+! % "#$,()" %! ! 4)6> ,%.*# [ $!*!,,7" .)-(#" # .,,)-!5&.(#"! '!49)" #"#,
.$2"# !,%
"&% &" #, !D.,%!$%!, '#,-!,(!*.#4'!$% ! ), ,!" 1.0), 5&! 49!, !,% /) #,, )*.#+),-#% "
#.$+)
$)1), % "72!6), ! &'# $)1# 2 .+!4.+#+! +), *4.!$% !, !1!'), (" !,%#" #% !$0/) =, .$+E,% ".#, !
)(!" #+)"!,+! 6" #$+! +.'!$,/)-2 #*.4.%#$+) # ,&# .'(4#$% #0/) !' )" %&6#4 *)' 3#,! $#,.$2 "#
!,%"&%&"#,*" .#+#, ,!*% )"4)6> ,%
.*) ,&" 6! *)') (" .)".+#+! $#% &" #4 +) $),,)(#> ,-#,,!$%! $&'#
"!+! $#*.)$#4 +! (4#% #2)" '#, 4)6> ,%.*#, B )" %)- .,3)# ! .$!,C ! !' % !"'.$#., '&4% .')+#.,
"!6.)$#.,-#,,!6&" #$+)#*)3!" %&"#+)% !"".%
?".)!#(!$!% "#0/)$)'!" *#+).3<" .*) V#1)"!*!' ,!
#,,.' !,% "
#% <6.#,+!,&,% !$%#3.4.+#+!-3!' *)')#*)!,/)% !" ".%
)" .#4 )" %&6#4 ()+!" 7+!,% !')+)
,!" (#" %! .$% !6"#$% ! +#, " !+!, 4)6> ,% .*#, !&" )(!.#, ! " !,(!*% .1#, *#+!.#, +! 1#4)" - #%"
#.$+)
.$1!,%.'!$% )+." !*% )!,% "#$6!.")+!" !2 !" G$*.#

')+)2 !"")1.7" .) %
!' &' (#(!4 2 &$+#'!$% #4 $#.$% !6" #0/)!*)$,)4.+#0/)+!,,#" !+!-()+!$+)
,!"()% !$*.#+) (#" # ) )" +!$#'!$% ) +) %!""
.%?".) ! ) #&'!$% ) +# 5&#4.+#+! +! 1.+# ! +# *)!,/)
,)*.#4 ! % !"".%
)" .#4 R&#$% ) #) % "
#$, ()"%! +! (#,,#6!." ),-< $!*!,,7".) '!49)" #"# 5&#4.+#+! ! #
2.#3.4.+#+!+),% "#$,()" %!,*)4!*%.1), -2
)'!$% #$+)#.$% "#')+#4.+#+!!#.$% !"
')+#4.+#+!.$*4&.$+)
# *)'(4!'!$% #" .+#+! *)' ) % "#$,()"%! .$+.1.+&#4 '# ()4>%
.*# 4)6>,%.*# ()+! #&'!$% #"
%"#$,1!" ,#4'!$% !#!2 .*7*.#!#!2 .*.G$*.#+#!*)$)'.#-(" )')1!$+)#!,(!*.#4.:#0/)!-#)'!,')
%!'()-*)'3#% !$+)#()4#" .:#0/)

46&'#, +#, '!+.+#, (")(),%


#, $!,%! *#(>
%&4) 3#,!.#' ,! !' #46&$, (")F
!*%), .$%
!6"
#+), $#
.$.*.#%
.1# )1), " )F!*%), !*$)4?6.*),@ (")')1.+# (!4) .$.,% <"
.) +#, 3" #, E34.*#,-
"#$,()"%!,! )'&$.*#08!,B C-()"$),(#" !*!"!' ,!"+#'#.)""!4!1O$*.#$!,%#7"!#

,% "#$,()"%!,,/)2 &$+#'!$% #.,(#" ## * )'(!% .%


.1.+#+!+#!*)$)'.#!* )$%".3&!' %#'3<' (#" #
#(" )D.'#"), *.+#+/), [ 2 &$+#'!$% #4 '!49)" #"# ,&# )(!" #*.)$#3.4.+#+! ! .$%!"')+#4.+#+! +!
')+)#5&!,!F #'!49)" #+##,&#!2 .*.G$*.#-,!6&" #$0#!5&#4.+#+!+),,!" 1.0),-,#41#6&#"+#$+)
) +." !.%
) = ')3.4.+#+! [ 2 &$+#'!$% #4 5&! 9#F# &' ,!*% )"+! % "#$,()" %!,+.$O'.*) ! ,&,% !$%71!4
(#" # 3!$!2>*.) +! %)+),),#6!$% !,!*)$?'.*), ' ,.,% !'# 4)6> ,%.*) $#*.)$#4 3!' #" %
.*&4#+) !
!2.*.!$%!<+!!D% "!'#.'()" %O$*.# ,% !*$)4)6.#,% G' !()+!" /) %!"&' (#(!4 2 &$+#'!$% #4 (#"#
# )3% !$0/) +), )3F !*%.1), ("!%!$+.+), .$*!$% .1) = .$1!,%.6#0/) ! = #(4.*#0/) +#, $)1#,

I
%
!*$)4)6.#,< &'# +#,("
!)*&(#08!,3!' 4#%
!$%
!,"!4#%
.1#'!$%! #),%
"#$,()"%
!,$) ,!.) +#
!,%
!')+)-#,'!+.+#,(" )(),%
#,1/)#)!$*)$%"
)+##(4.*#0/)+!$)1#,%!*$)4)6.#,

,
!*%
)"+),%
"#$,()"
%!,!4)6>
,%.*##,,
&'!*)'))3F
!*%
.1),("
.)"
.%7"
.),L

+!,
!$1)41.'!$%
)+),.,%
!'#4)6>
,%.*)$#*.)$#4P

#(4.*#0/)+!$)1#,%
!*$)4)6.#,=6!,%
/)!')$.%
)".:#0/)+),%
"#$,()"
%!,
!
" # $ %!&" '% % !&'%' ! ( )! % $* " +( !% % !&'%' $" " ' %'%
" "( '" $ , " ", " " % % "! -& '" . (/"001 ! "2/'%'
'% 3 "% $ % /! "( !"'" ! 3" "4 !%/ " " " " 3 "&% " 5 " ' 6 #%'%
! % " % '%7#( % 11 ! &%/ " % #(%/% 8 /
69 :8; %! #(( ! "!
%/' <=
/69 ;;> ?&%/" ! %'"@4" +( " 3" ' % ( !" .'" % (%/' =4 8A 1
! :8; ;;;4" " ! ! ( "3 ( % %" % % 3 3% #9 ' ' ! "
!( )! "4 3 !% '" %3 "B %'% ! :8A '% +("!%' %'" :8;4C A ::;
<=A ;;;1 ! ' . "' +("!%' %'"' & %"$
%! "' "&" ' ! " !%
% #% 6% ( % 3" DE" %'% & * % /&%'% " ! ( " ( '%/4" +( !- % %( !
% %
" " F % ! ' ! " 3 "'(! "1
7#( % 1G 6 #%'% ! % "% ' !
( !
% ? :8; ;;>@

7" !HI

J" "(!" /%'"4 " "&" 3% %'# % % " %'" %" ! ( " %" /%* & % #(%/ !
&' % % (! %DE" '% %% ! )! % '" ! ( !% ' 6"K '" $
(!( " +( E" % !% "
#( ! & !" '! %! H '%' ' $" %DE"4 B#F % ' +(%/'%' 4
'%' ' $ . % % !&% L
' 3" !&% 4( " ! '% #( '% 'F % "( %3% ! % !"
' $. %4 ( " % $ +( ! %3 +( % M 3%( % N %$ .% ( '- % $"%'%.3" %%/ !
%1
% ! 3%DE" '% '%' '% $ " % " %( !" '" ' !" ' 3" )& /'" 3% ! (/% ? %
#% ' %" %'" 3%) '( ! %/*%'" @ &E" !
% 2. " ! 2( 3% %" !
"'%3 " ( %
! " ' &%# 3" "!&%D9 ! ( )! % 1

"!% +( " ( "'"!( " ! % " %/%(B/ 3%%"' &"/& !


"'% "" % '
' ! " +( * 3 "2/ % % 2 !
% " " (/
!( % +( '%)3"' ( # 1 #( '" "
7 4! E" ( "" 3%) ' ' ! " !( )! " +( " #( '" % '% /6" $
" %
" #( ! $%!" H

/&%'% +(%/'%' '% ( '%' ' %/


"K% !
" '% $% !(!
( % ' %3"" 3 !&%
%' +(%DE"%"!3"' !( !%' # !
"%/
&"O

'( %DE" $
" %DE"'" %# ! +( % !
(% " !
"O

% 3% 6% ' 3 " "DE" " !


% !' " %'% %2 % # ! O

J &%DE" " &%DE"'"% 2 !O

& $ %DE"' 3 "'(!


" "$ !
%' 3 "'(!
" " 3, !
"O

&"/
& !
"! "/
,# "1

%'" '% #% *%DE" ( '%/'" " . "?I @


#( '" #( / / &% 4M" ( '" !- " / % ' ( % "&%.3" %' ( "'" ( "G ( %
.3" %' &%# %( % %/
%& '%' % ! #/
"2%/ % $ % !1P ''%+( " . (/ "00
%&% D% 4 %'% & * % 3 "% ' ! "'% % /% ' !"'" " 3%) &%K % E" 3" !
"'% %
#9 '"3/ % !%N1 !( "' 3 6%( 3%3 / !%! .# "% )& / ( '%/
1

!
( " . ( '" !
" " %" 3"! %/' B3/ "%DE" ' ' &"/& !
"
J" !(#%/
1 ,3! % " 'D9 / %! . % 4% 3% %# 4" % 2 ! 6" 3! %/ "4% (/ !(%
?/
"% 6 ! , " "( !
" @4% $% !(! ( % 3% % %3 -! %' '& " ' 3" ! " ( %
#% !" " % ' 3 ! )
#" ! % " %/ E" %% ! )! % %3%* ' % #( % ( % "$ ! %
!( )! %'& $ %'%1 ! " 3"! %/' & - B3/
" %'"' "'"% /
6" % %3" DE"
' J" ! (#%/ / %!&% ! % ! % - %1 !" '" !
( " . ( '" % 3" !
%! %
" " % % " %/ 4 3 !% '" %' A '" J ;A '" 3 #"4 &%/" +(
" "2" % % 3" ! Q % !%! .# %' ! !
" " % "J" ! (#(F 1

" ) & /'% # !%DE" '% 3 " ( %4. - " +( K


% " ' %'" " ! ( " ! "
B! "1 ! ( " ! "43%%%/ . '% (% '(*'%' E"43"' % % ! *%'"3" ( %
$"! " !%DE" %*" %/4' " %'% 3% % #9 3 ) $ % ? " " . " % " '" /#%& @4
3" ( % # % ' 3 "3 E" 3%% " %/ "K
% !
" 3 &%'" ? B1 % % ' $ % /% "( % #" @1
/%!&% ! R 3 " ( % B! %4%3 % ' % ! % +( ! E" '% %*" %/'%' 4 B ! ( %
%" ' ! 2(DE" # "# -$ % +( ! ' 3 3%/ ! R #9 '" / #%& 4 2"%
%' %1 ! % "4" " ' !% 3" ! % (!/*%'" 3 / " ! ( !% +( & ! % J" ! (#%/. "
%. "4 B 3! (% '" " % " '" ! ( ! % " ( '" ' 3% 6% 7% D%1 ' /" %D9 ' / %*
" ! (% % % ( ( 3%3 /3 '" % !4 % % ! %( !
" % &%# '
#, " 1 % " '" " " / %!, " % (%/'% 4
2"% $" % "!%&% '%' % 3 " ( %'% " ( '" 3% % 2 "# " ' % " %D9
! % " % 4! %/ " "3"' " "2 &% %!%&. '% %2 / % 11

%2 /
% 1H '%' ( '% % 3 " ( %'% 3%% " # "

!
% /
"%
S %
#%3( %
> /
8 " #T" #
= "3 6%#%
< J%
" #$%
: !
" "/ "
: ('%3 !
%&'
! M6 ! %!" %/ !# %U ! ;;>N
4 ! %!" %/ " # % ' " & !" " %!"

%" 3% ! '" !( !% +( & !% J" !


(#%/ E" " ( '" ' 3%) 2 " '% E"
( "3 %1 ;;>4" 3%) ' " # % 3" !
%! % '" '% ' !% # " $
"% "
" '"4 / % 6%4 3% 6% J%) %B" 1

"/% " ! % '" " " 3%) . 3" -& /3 /


% & '% ' % ' :;A '" ! ( !% +( "
& !
% 4" +( $%* " +( K
% 3" !% ! '& $ % # "# %$ % ! % "$ !%1V -"
3/ !% ( "' /
" +( 3"! % " 3 !!&'%' '" !
( " 3" !
(#(F 4 " %'% !

M 3% !"'" ( " % " " %J"!


(#( %N
400 "# "'% JS
%'" '"I 3% % ;;>

>
%!%&. '" %3 "& ! % !
" '% '& '%' #" %/'% "$ !
% % " %/4'" $ " D" '% "&%DE"
3 % %/ 4 '" ' &"/
& !" '% ""3 %DE" ! " !" 352/ " 3 &%'" 4 '%
+(%/$ %DE" '% *" % !%' " % '" 3 "'(!
" % " 6 '" 43" $ " % % 3"! %
#% %#% % ! % D9 " 3/ !
% 1

3 % '% /&%'% " " F %4 ;; 4J" !


(#%/3" " "( = /
(#% " '"
3 3% ' ! " !( )! " " 4
< /
69 ' ! ( !% ?& %2 /
% 1@ % ;W3" DE" "
'% !% " % ' = / /69 ' ( " 4"+( % ( ( % 3" !Q % B! %
%" )
& /'%2%/
% D%' !% % D9 " ! 3" !(#( %1

%2 /
% 1GJ 3% !" ( )! "

J" DE" 6 #%'% ? /


69 @
X("!
%'
? @ J%) ;; ;; %'"

7% D% << <8 ;4
:
3% 6% 8 4 8 4
C <4
8
> 4
8 > 4 =
> !
-/% :4
C :4
= 84
<
8 6 % =4
C >4
C
"
= '" >4 >4
< 4
=
< 5 !% C4
= :4 4
C
C .B " :4
< C4
< 4
<
: / % 6% C C4
> 4
<

( %)
'*+ , -
( - -

( '" <; =: ;;
7" !HI" /
' "( #% *%!" ?I @

J" "(!" /%'"4 ;;>4% !% /)+('% '" !( " ?=1


< <4
= /
69 ' ( " @ "2 %
% ' <4 :A '" %/'" #%!&" '% 2%/% D% " %/
4 % 2%/% D% !( )! % %3 !%&% (
%/
'" $
"! ! 3" !&" #(%/%>1 C4 < 69 ' ( " >1
/ ;; 4J" !(#%/" (3%&% % 8W
3" DE" / %!&% ! %" /"% " ' % !% ! % " % '"! ( "! F ( %" 3 "
3 !%# '" J 4 '" ! &%/" #(%/% >4 CCA4!
%/ " " 3"' " "2 &% %!%&. '%
7#( % 11
7#( % 1G 3"!
Q %'% !
% ! % " % '" ( " J !
%# '"J ? ;; @

7 6,15
5,52 5,43
6 4,93
4 ,8 8

3 2,07

0
Grécia Turquia Eslo vénia Espanha P o rtugal França

7" !H '%3!
%'"' I"/
' " 3 !!& Y %2""U ;;8

!%&. '" . 3" )


& /"2! % 3" DE" / %!&% ' J" !(#%/
/
%DE"%( %&% '%' ' ' %'" 1 %7#( % 14+( %3 !
%%/#( )' 3% %" % "
% " %/
43"' " "2 &% % 3" DE" & !'% ' J" ! (#%/1 ! "'"4 !% % <W 3" DE"
# $ %+( J" !(#%/."< 3%) 3" /% $ %'" ( ( & "' =; 3%) 4 " "% " ! "
% %! $%DE" '" / ! " " %U ! # ?" +( !%'(* % $
%/!
% ' $ F % % " '(DE" '%
3"/
)! %' %U ! # $ !
%3 /
% 3 % @1 !% % 8 W3" DE" # $ % +( J" ! (#%/. " 8

>
#( '"'%'" '%

8
3%) 3" / % $ %'" ( !
"!%/' =; 3%) "2 &%'" 4"( K %4.": 3%) /
6" / % $ %'"4
" " %" ! " " )' ' %DE"1 4J" !
(#%/ ! - ! " ' * 3%) +(
" ' % 3 "% $( DE" '% %D% "( B"1 / 6% !%D%'% !" " '% 3" DE" 8
3 !%% .'%'%3" DE"#/"2%/' J" !(#%/1

7#( % 1G & !'"' J"!


(#%/

=;
8;
8; >8
: >; >;
>;
Z'
;

;
= = C
;

% " %/
%U ! #

"' &'%
%DE"'"

%DE"
#( ! %
(%

( !%
%3% '%'

%3% '%'

%
'% E"'

Z ' '"

!
2%

!
(/
/ !
%! $

(!
7" !H I" /
' " 3 !!& Y %2""U ;;8

3% ! (/
% '%' ',# % '"!
( "3" !
(#(F "2 #% R B !
F %' 3" !
% %' +(%'%
" #( ! '" ) " H

!(%D9 ' '$ ! !(!


( %DE" '% "$ !
%4 " %F % ' 3 -! % 2% %'% "
3/
% % !
" !# %'"O

" !%DE" %*" %/'% 3 " ( %4+( " # % ( % ' 3 'F % ' ( 5 " '(*'" '
%'" 3"' #" %/% '" '" "3 %'" ! % " % 3%% %/
#( ' ! " '"
3%)O

%'" ! "' ' E" '(*'%4%3 % '" %( !


" ! O

+(/
)2" ! %3 " ( % %"$ !
%' E" ' "2 %+(%/$ %'%O

7%# !
%DE" 3 % %/ ' 2/'%' ' # !
E"1

3 % '" ! ( " J" !


(#%/( % % !&'%' 3 '" % ! ! ' J +( % .'%
3 % ?J @ ?& %2 /% 1@4% # % ' 3 % " (3% ( % # $ %!&% 3% ! '%
'5 ! % ? " %'% ! 3 % ' !% 3" ! %. "4 (* " 4 6"!/ % %4 "3 %'"
!( )! " L%# ! ' &%# 4#"/ $4%/ (#( ' %(!" ,& 4 ! "(!% @4" ! ! % '" % %
" 6 '% % ) & / ( '%/ 1 J !F +( 3"! % % (% &% ! %# " 3 !!&% $% %"
' %$" B ! ! 4" +(% ' B% !% 3% - " ' %/ #( "1 !)
!(/" ' B 3/ "
3"' " $ " $ " D" '% !%!.#% ! % "% ' !# %DE" '% 3 % ?%/% D% 4
$(9 %+( D9 @4% "&%DE" "'$ %DE" " % % ' ' ! 2(DE"4 " %3% !
"'
"&" ' ! " +( 3 % % " 3DE" '" ( 3 "'(!
" 4 " +( ! !4'& $ %
% (% "$ ! % 1J" "(!" / %'"4% $ /
(F % ! '" # (3" % 3(K %! " !" '"
!% 3" ! '% ' ! 2(DE"4 "2 ! ('" " ' ! " " ' % "$ ! %% !% 3 "'(!
" %
$%# !%'" 4 " !! (( $ %/ E"' 3 *)&/
1
%2 /
% 1G 5 "' 3 % ;;

"!/
% %? /
"K1 1
@ !
%( % ! 1 #F %' S%#
%/
9 1 A 1 A 1 A
%!
.: 3 #%'" =8 C;4
>;A 88: 8 :84
C;A :;C C84;A
;% : 3 #%'" 8; C4
=;A C;; 4;A : C4
8;A
; % 3 #%'" >>> ;4
:;A => 4;A =< =4;A

"!
%/ >;8: ;;A 8C <C ;;A ;== ;;A
7" !H

=
'" "! % % '$ (/
'%' 3 "& ! '% !(! ( %DE" '%"$ !
%4'% " !%DE" %*" %/
'% 3 " ( %4 '% '(*'% ' E" '" %'" ! "4 '" ' +(/ )
2" #" % ! %
3 " ( % %"$ ! %' E" ' "2 %+(%/$ %'%4 ' ( %# % ' $%# !
%DE" 3 % %/4!" %
$( '% !%/( % !%! .#%3%%"$ (!( "1

J" !
(#%/4" !( " . ( % % !&'%' +( ! ( $!" (/!3/ %'" %3%*' $ " !
% "
' &"/& !
" ' ! "' "(!" !" ' % !&'%' 4 " %'% ! % - % " , %4
3%! " %/ 4! ! " %/ %! . " %/ 1 % & * +( " !( " . # %'" ' $% !(! (% 4
+(3% !
" 4% !&'%' 3 #" 43"' 3 "3" " % ( %& '%' % %' %' +( *% "
3 ( 9 ' ! % E" , % " " % #" % % !
% 2. % " " % % " %/ 1V% '%
( !" +( % % ! *% 3" ( "! )(" % / %'" 3 " " ' %K(!% !
"
!% $" %DE"4' ! %'" E"%3 % 3 / % /&%'% B3" DE"% ! (%D9 "K(!(% ' "4
% !
% 2. 3 / % ! % %3/ %DE" (!/*%DE" ' "$ ! %'% $ % !
%4 3 / % %/! %D9
'" 3%' 9 ' " 3" ! % !" ' 3"! % / ! 4 " +( '* 3 !"% "/
6% ' $.%
/
%* 1

%!
% '" %' " %/ ! ' ( !
" " ( "K(!" ' % !&'%' - % ' #, "
' 3 %4 2" % 3 $ !% ! '/ ! %'% 4 " !
( " ! ( ' 3 6" 3
" ' " %'"3" ( % (/ !3/ '%' ' ! & D9 ' !'%' 352/ % "( 3 % ' "(!"
(2 ! " ? $% !(! ( % 2- % 4% 2/'%' 4!/ " ( %D9 4 %5' 4" ' % !
" '"
! ! , "4( 2% "4!% 3" ! 4% 2 !4 #( % D%4 ! "(!" @4" +( " $ B#F %
%' " % ' " F % %! (/ %DE"1

! "/ "#% 'E"( " ! 2(! " 3" !% ! %" !" '"!( "4 '"% / %2" %DE"' 3% "!
'& $ %'" " 2'" 3%% # !
" 3 )$" ( B 3/ "' "1 ' &"/& !"'%
"&% ! "/ "#% ' $ " %DE" " ( %DE"? @3 !(% ! 3% "%3% !"' "&"
" !
" ' #, " ' ! ( "+( /
6" % % % $ - % % $ F %'" "' / " %! (% 1V
3" !% ! +( 6%K % ( % ' 3" 2/*%DE" ' $
" %DE" ' +(%/'%' 3% % " !( " '( % ! "
3" "' / DE" ' ' ! "4' "'" % % "&% "3" ! ( '%' ' % " "&" % %
' ' ! 2(DE"1 ' &"/
& !"' ' " Q 2!" '% "$ !%!( )! % %3"%'" 3 /%
3 ! " $ " !" ' 3 "'(!" ! ( )! " 3 %/*%'" 4 "&%'" " 3/! "1
"3" !( '%' ' !%2%/ 6% ' 3 ! ( % %" '&(/ #%DE"'%"$ !%!( )! %' 3" ) &/ 4
$" (/
!% % ! ( !( !
" %' " %/3%% /
6" % % # !E" 3 % %/ %
$
" %DE" / %!&% ! %" %'"1 4% ! "/ "#% " !! ( ( !( !" 3" ! %!
"$ " !
" '% ""3 %DE" ! " '& " ! & ! +( 3 ! "' &"/
& !
" '%
" 3 !!&'%' '%+(%/'%' '%"$ ! %! ( )! %1

3 3% $%!" ' ('% D% +( % / % " 3 " "' !(!


( %DE" '% % !&'%'
!( )! % %' % %3 ! " B! " ! "1 $
%! "4 " !( "4 % +( !E" '
" 3 !!&'%' "/ "% " ! % ('%' ( ( '"+( ' $ !&% ! #/
"2%/*"(1
'" "!%+( &- " 3%) " ' % "! ( " " "( !
" !%!.# "4 E" !%
'5&'% +( % " " F % - %#('*% $% %" ( # !" ' "&" 3 "'(! " ' !"
!( )! " 4!
('" !" ( " !B! " ! % " %/' " !%DE"'% # % ' ' 9 ' %'"
( # (3" !!" ' # % ' "3 %'" 1V ! +(%' % !
" +( J" !
(#%/ % 3 %
/#%'% R % !&'%' ! ( )! % R6"!/ %% ! F ' %$ % 1

J !
( )! % !
% ' 3%(!
% % (% % !&'%' 3" 3%Q !" !%!
.# " 4!
%
" "H

% %# &" ' !
"O

"&%DE" % " %/*%DE"'" ( 3 "'(!


"O

! $ %DE"'" "!
%!" 3 " %/*%'" 3%%%3 " "DE"'" 3 "'(!
"O

<
"$ !% ' &D" ' %" +(%/'%' 4 '$ %'" " ( % 2"% /
%DE"
+(%/'%' L
3 D"O

'& $ %DE"' 3 "'(!


" ' %'" O

$
" D"'" +(/
)2 "$ % "O

!"'(DE" '% "&% ! "/


"#% 4 " ( " %' +(%'" R ! !
4 %!%&. '"
' &"/& !
"' %3 "3 %'" '% /( E" '% "!
"
' 2( %1

B3 E"+( % J !F "!( " J" !


(#%/"2 #%%( %% !(%DE" !! ( " %/' #'%
R /6" %'" ( 3"! %/' ' &"/
& !
"4% ! "2 !('" " $ " D" '%$" %DE" %
!
" %'%' ''% ( 3!
)& ' "2 - % 3" !
% ! 4 " "3" B 3/ "% #( ! H

3/$ %DE" /
6" %'"+(%' "%' !%!&" #(/
% !
% '% 3 %O

%3""R ! % " %/*%DE"O

$" D" '% " 3 !!&'%' '% J 4 /


6" % '" " (% "R & !#%DE"4R
"&%DE"4R "&% R$" %D
E"O

%3"" / !&"%" 3 "K !


" ' & ! !
" " !
" '"!
( "1

!%!.#%% #('%3 /" !" !( )! "3" !


(#(F ' & -3% % 3 / % B (DE"' 3"/ )!%
+( 3" % " ! 2( 3%% ( % /6" % (! ! %'% (!/*%DE" '" ( " %! ( % 4'"
3%! , " 6 ! , " %+(! ! , "4'% +( *% '& '%' (/ !(% 4 " & ! % R " 3" DE"
' ( %"$ ! %!( )! % %3%*' %! $ %* ( 352/ " B# !1J% %// % !4' & 3 " "&
" !&" % & ! !
" ' !" ! ( )! " %3" !% "' &"/& !"' "&%
&" %D9 4 % !"'(D E"'% "&% ! "/ "#% 4 %+(%/'%' +(%/$ %DE"'" ( " 6( % "
- " %" 2" ' 3 6" '% 3 % " % !&'%' ! !" 4' "'" % +( %
3 % !" % " 3 !!&% 1

3" !%!
% 2. ! %3 3DE" /% %' +( "' 3 6"'"! ( " %3 D%' ! ( !%
% '& % #9 '"3%) !%'(* 3% !
" 43" & * # $ %!&" 4 "2 " ( " 4"
3%D"4" 3%! , "4% (/ !( % 4 % % !&'%' % +(%/'%' ' &'% '% 3"3(/ %D9 1
3"/)
! % % %'"3! % 3%% " !" '" ! ( " '& 3" ( % / % " 3 3%
!% #(/
% !
" %" ' &"/& !" +(/2 %'"4 ( ! ! -& / !
-& /'" !"1 3"/
)!%
3%% " !" '& % '% #%% ! % $ %*(!/*%DE" '" ( " 352/ " 17 %/ !4' &
#%% ! ( %# ! E"$
/B)& /'%"$ ! %! ( )! %4%'%3!% '" %R " / %D9 %*" % "( )/ % 1

J" !
(#%/! ' 3" " % " " ' ! " ' / DE" 3 "'(!
" 3 )$"4 '" 3" "
' 3 -& /' $ +(% " 3 "'(!" +( ' & %3" !
%1J% % !
%/4' & - %! ' +( R
3 " ( % +( 3 3 !&%4+( %" % !&" ' +( ' 39 43" ! " !4 ! %2 / ( %
!%!.#% ' ' &"/& !
" ' ! 3 "'(!
" "! ! , " % " %/1 %3" !
% ! F '
' #'% 3% % 3 "'(!
" " /" % +( /
6" /6 %' +5 1

( "4% ''% %%'"3!


% '& 3 " ( % #% % ! " #( ! 3 )
3" # % H

3/$ %DE"'" # ' / % !


"'%"$ !
%!( )! %O

( "%" " $ % % !
"352/ " 3 &%'"'" & ! !
" ' 3 " "DE"!
( )! %4
%3 "B % '"J" !
(#%/'% /
6" 3 -! % ( "3 % O

$
/B2/*%DE"'%# !
E"'%"$ !
%!( )! %R' Q %'" %'"O

%3" !
% %+(%/$ %DE"'" ( " 6( % " O

%3" !
% % "&% ! "/
"#% 3" $
" % % 3 " "& % %3 "B %DE" '" '& "
! /" (!
" 1

C
! "#
$%&#
'(&)*$ '+&! '
&#'
(&)*$,& $ $+'
& -' &+ !& & .
/ )*$,& & !
'-'
,&,
,$ $+0 '
$ -')$ &!'
%/',$ #
1 2& ! '/#
& #-3 ' & $ +$, #
$, , -$#
-'+ ! $
$ 4+'$,& $ ',&, 5

$+0 ' $ $ ! '


!/'/+ #+ ! $ '
&#2& & $ %$+ ./ '$ &+ !$,$ + &,$ 6 '$ 2& &
& !$ & ! 2&7 , . $ & ,& '*$ / $2 '
&5 $+ '
& ! 2 $+$- + & &' 2& & & !$ &
, % 8 -'
)$ ,'1 '$ ! 2 $,/!$ $ /+' ,$ 8 +& ! &+%0+ !& +' !+
'.$ +&)*$ ,$ $ /+' ,$ .
'&' 2& & $ 2 $,/!$ + ! +$ , !/!/& , + &,$
! ,9 ' & , "$ !$5

,$ !
$ ,$ $+0 ' $ !+ /+ " & , ' +2& !$ $ ,'
& & ,'
& ,$ $ /+' ,$
2 +' !8 ! $/!& $'& 8! $ & ,'2$ 7- #/+& " & , -& ',&, , % $ !'
%/' 2& & &
:/&#
',&, , -' ,& ,& 2$2/#&); 5 $ !
& !$8 &2 & ,$ $+0 ' $ ,$ !$ +&'
'
+2$ !& ! ,& $ $+'&8 $ / , +2 1$ *$ 0 +/' !
$ #-&,$8 $ :/ #-$/ & /+&
2 $ /2&)*$+&' & !/&,& $+ ! !
$ 8& 7-#& ' $ &# ,& '*$ / $2 '
&5

!
$ ,$ -'
)$ 0 ,$ +&' ' +2$ ! & ! & '*$ / $2 '
& < = 8 2 !& ,$ ,$' ! )$
,$ > +2 "$ , ! & "'
*$5 & '!
/&+ &#"/+& ,& +&' ' +2$ !& ! +2 &
+/ ,' &' ,$ 2 ' '2&' !$ ,$ -'
)$ 8! &' $+$ !# $+/ '&); -')$ .'& '$ 5
?2',& @2& *$,$ -')$ !
?& $ !' %/' &,& - (+&' 2& & $, -$#
-'+ ! $ $ 4+'$
2& & & '&)*$, +2 "$& 7 - #+/ ,' &#
5 !/&#
+ !8 1/+ 2&7 2$, 2 $ 2 & + /+&
'.& !/!
/& , -')$ . '' ! /+& - (:/ !
& 0$2 0 :/'' !$2& & /+& %$&
$ 4+'&5 ! 7
!/#
$, @ +2# $2$, +$ . ' $ & $,$ 2 $,/! $ @2$ !
&,$ , !9@!'8
:/ *$ *$ $+2 ! '!
'-$ *$ !'
- + & $ & /+& %& & .'' !8 "/ $ 8
!# $+/ '&); '!+& , !& 2$ ! 5 .' ,& , , '.& !/!/& $ !'%/'&',&
2& & $ '- ! '
+ ! $, #$ "$ A 2 &($ #-& $ $ /+' ,$ B 2$/2& )&8& /+& '$-&)*$ +&'
?2',& B!& . 9 ' & , ! $# $"'&5

2 ! !&%&#1$ &" "& &#


"/+& '.$ +&)*$ $% $ !$ ,$ $+0 '$ -')$C &
)*$ 5 5 5 & & ! '
(& $ $+0 ' $ & )*$ 5 5 5 $ -'
)$ 5 $%D !'
-$
!&!0"'$ & 2 $2$ !
& , + ,',& 2& & $ $+0 '$ -')$ #
& '
$ &,$ 2& & & , . &
,$ $ /+' ,$ &2 !&+ & ); 5 5 5 5 5 5 2 ! '
-&+ !5

& $,$ $+ & !'


+&!'-& ,& $+' *$ / $2 '
&8 $ $+0 '
$ $ !'
%/'2& & EF ,$
"4 '$ 8 GF ,$ +2 "$A $:/ $ 2$ , & +'
#1; , 2 $& A +&' ,$:/ F ,$
> ,& '
*$ / $2 '
&5 2 $@'+&,&+ ! ' $ +'#
1; , +2 & " &+ & /&# + ! GHE +'
#
+'
#1; , / $ 5

!$ ,$ $+0 ' $ !+ /+ 2 $ ' "'.


'&!'
-$ & $ $+'& >$ !
/"/ &8!&# $+$ , +$ !& &
I'
"/ & 5 &!&-0 , &# "/ ','&,$ 5 ! +$,$8 + EE $ $+0 ' $ 2 !
&-& 8
JF
,$ >$,/! $ ! $ /! $K H8 JF ,$ $!&#
K J8F ,$ - ! '+ !$ ' ! $ !& " '$ +
>$ !
/"&#K & 6#!'
+& !
'+&! '
-& &2$ !
&+ 2& & /+ -&#
$ , 8 JF &$ 7- #,$ - ! '
+ ! $
' ! $, >$ ! /"&# $ @! ' $ 5 + EEH $ $+0 '$&% $-'& L8F ,$ +2 "$5
I'
"/ & 5 C> $,$ $+0 '
$

E
J
G
H

!"# $
E
J
G
H

E
><2 )$ $!
&# , +2 "$
, >$!/"&# $
+ &,$= @! '$

% !& K %!"& -&#


$ . + & EE 8 B @ 2)*$ ,$ +2 "$ :/ ,'
( 2'
!$& EEHK $ -&#
$
&2 !&,$2& & $ - !
'+ !$ ' !
$, >$ !
/"&# $ @! '
$ 0/+& !'
+&!'
-&

M/& !$ B $+2$ ')*$ !


$'&#,$ ! '
,$ $+ '&#
8 $ ,&,$ ,$ 2& & EE . + &
@'!9 '&, N5JJ +2 & $+ /+ ! $!
&#, OO 5 OO !&%&#
1&,$ 5 & $ ,$ $+ & I'"/ &
5 8$ $+0 '
$& ! &#
1$ & 2& &)*$, % 2 $&' ,$+0 ! '$ 2 !&-& G 8
G F ,$
!$!
&#, +2 & K $ $+0 ' $2$ " $ $ 2 !&-& H8L F $ $+0 ' $&/!$+4- # 8 NF5

I'
"/ & 5 C $+2$ '
)*$,$ !
$ $+ '
&# + .
/ )*$,$!
'2$, "4 '
$

5NF

H5LF
G 5GF

$+0 '
$& !
&#1$ 2& &)*$ > $&' $+0 !
'$

$+0 '
$2$ $ $

$+0 '
$ /!
$+4- #

I$ !C < EE =

6+ $ +0,' $ , 2 $& &$ -')$ 2$ +2 & & ' "/&#& H8 2& & & +2 & ,$ !
$
&/!$+4- # K H8J 2& & & +2 & ,$ !$ " $ '! &K 8G 2& & +2 & ,$ !$ & !&#1$5
! +$,$82$, +$ $ # /' :/ $ $+0 ' $ 2$ !/"/9 & & ! '(& 2 #
& 2 :/ & ,'+ *$
+0,'& ,& /& +2 & < &2 $@'+&,&+ ! 8 H 2 $& 2$ +2 &= 5 + EE 8NLF ,$ ! $!&#
, +2 & , ! '1&+ &! 0 $- 2 $& 8' # /'- 5 >& !'/#& '
(& ,$ 2& & $ $+0 ' $& !
&#1$8
$ ! &!& :/ NO8 GF ,& +2 & !
&#1'!& +2 "&-&+ &! 0 $- 2 $& 8 ' # /' -8
:/& ! $ $ $+0 ' $ &/!
$+4- #& +2 & , ! & ,'+ *$ 2 !&-&+ N 8 JF $
$+0 ' $ 2$ " $ $ NE8 GF5 $ $+0 ' $ &/!$+4- # + >$ ! /"&#8L 8 LF ,$ ! $!
&#, 2 $&
$ /2&,& !
& & !'
-',&, !&%&# 1&+ + +2 & $+ + $ , , (2 $& 8 ,$ ! -&# $
&2 $@'+&,&+ ! ' "/&#& F 2& & $ '$ '
,$ NF 2& & 2& 1&5 $ :/ 2'!& &$
$+0 ' $& !&#
1$8/+& $+2& &)*$ ,& ,' + *$ +0,' & ,& +2 & -# & ! 1&-',$ /+&
2 $" *$ & +&' $ 2& ! ,$ 2&7 5 & '&+& &82$ @ +2# $8& +0,' & 2& $/ , G8
2 $& + NNG 2& & J8 2 $& + EEE5 >$0+8 + >$ ! /"&#80, , ! & & :/ & +0,' & ,
2 $& 2$ +2 & " ,' /, 8 2 $& 2& & 8 L 2 $& $ /2&,& 5

P. $ ! &!
$+'(&)*$ ,$ !
$ 2$, &',& & $ '
& /+ #-&,$ 6+ $ , +2 & 2$ +' #
1&%'!
& ! 5 >$ !
/"&#8D/! &+ ! $+ & 0'&8 !
?#'
&8 2& 1&8 0#
"'& $ / "&8'!" & $
" /2$, 2&7 ,& '
*$ / $2 '
& $+ +&'$ , ',&, , +2 & 8$/ D &8 $+ +&' , , (
.'+& 2$ +' #1&%'
!& ! 5

H
,'!'%/'
)*$,$ +2 "$ $ !$ ,$ $+0 '$ + EE .( ,$ "/'! +$,$C$ $+0 ' $&
!&#
1$ & /+'& HJ8
JF ,$ !
$!&#,& 2 $& &$ -'
)$ & +2 & ,$ $+0 ' $8 &% ,$ &$
$+0 ' $2$ " $ $ LF &$ $+0 ' $&/!$+4- # G8F8! &# $+$, +$ !& & I'
"/ & 5 5

I'
"/ & 5 C '!'
%/'
)*$,$ +2 "$ $ !
$ ,$ $+0 '
$< EE =

G5 F
HJ5JF

LF

$+0 '
$& !
&#1$ $+0 '
$2$ $ $
$+0 '
$ /!
$+4- #

I$ !C Q

+ EEE8$ $+0 ' $& ! &#


1$ 2 !&-& LL8F ,$ +2 "$ ,$ !
$ ,$ $+0 ' $ & '*$
/ $2 '&8 $ $+0 ' $ 2$ " $ $ 2 !&-& 8
HF $ $+0 ' $ &/!
$+4- # 8LF5
#
&!'-&+ ! &$ &# $ !
&,$ $!&#,$ !$ ,$ $+0 '
$ & '
*$ / $2 '
&8$ -&#
$
$ !&,$ *$&2 $@' +&,&+ ! '"/&' & J8LF 2& & $ $+0 '$& ! &#1$8HG8
HF ,$ $+0 '$
2$ " $ $ LF ,$ $+0 '$&/!
$+4- #8!&# $+$, +$ !& & I'"/ & 5H5

I'
"/ & 5HC +2 "$ &#
$ !
&,$ $!
&#,$ !
$ ,$ $+0 '
$ & '
*$ / $2 '
&

GE

LE
&" +

HE
!

E
>

E
$+0 '
$& !
&#1$ $+0 '
$2$ $ $ $+0 '
$ /!
$+4- #

&#
$ !
&,$ $!
&#,$ !
$ ,$ $+0 '
$ & '
*$ / $2 '
&
$!
&#,& > $& &$ -'
)$ & +2 & ,$ $+0 '
$

I$ !C K $!
&C ,&,$ . + &$& $ EEE

!&%&#
1$ & !+2$ 2& ' &# $ $+0 ' $ ! &#1'!
& 2 !&-&8 + >$ !
/"&#
8&2 & J8 LF ,$
+2 "$ ! $!
&# + NNG ! ,$ 2 $" ,' ,$ 2& & E8JF + EE 8:/& ,$ $ -&# $ +0,'$ ,&
'
*$ / $2 ' & &+ 2 !'-&+ ! OF E8GF 2& & $ + +$ & $ 5 + #
&)*$ B
'
+2$ !3 '& ,$!&%&# 1$,$ ', 2 , ! $ +2 "$! $!
&#8 ! & 0+&' @2 '
-& + >$ !/"&#
,$:/ & 7 - #,& +0,'& / $2 '
&5 + >$ !/"&#8 + EE 8$ ', 2 , ! 2 !
&-&+ HE8OF
,$ !
$!&#
8 :/& ! $ $ '$ ',$ $ -&#
$ 2 !
/&# $ 2$ , ! & , E8HF $ -&#$
+0,'$ / $2 / '!
/&-& $ 8HF5

M/& !$ B ,'
+ *$ ,& +2 & 2$ ! /"/ & + -$#/+ , - ,& 8 $ & $ , EE 8 &
+2 & " $ '! & &2 !&-&+ & + #1$ . & !
/ &)*$ 2$ +2 &8 $+ E +'# /$ K
"/'&+ & ,$ $+0 '
$ &/!$+4- #
8. & !
/ & ,$ + +0,' & O L +'
# /$ K 2$ .'
+ &
+2 & !
&#1'!
& $+ O +'# /$ , . & !
/ &)*$+0,' &5

L
#&!
'-&+ ! B' +2$ !
3 '& $!$!&#,$-$#
/+ , - ,& &#
'(&,$2 #
$ $+0 '$8 + +$
& $8$ $+0 ' $ 2$ " $ $ & /+'& LHF8 &% ,$ &$ $+0 '$& !
&#1$ OF &$ $+0 '
$
&/!$+4- #/+ -&#
$ , NF5

,'!'%/')*$ 2& '&#,$ :/'


2&+ ! $ $+ '
&# & & ! '
(& 2$ " & , & ' + !'& "'
$ &'8
&2 !& ,$ /+& .
$! $ !&)*$ ,& $. !& & ($ & ,$ # '
!$&# & ($ & +&' / %& &
<'%$& >$ !
$= -', '& ,$ /+& ! '!
& $ # &)*$ $+ & ,'!' %/')*$ ,$ 2$, , $+2 &
"'
$ &#5 &+%0+ + ! +$ , !
&% # '+ ! $ $+ '&' $ , :/' #
7%'$ ! & ($ & ,$
#
'!
$ &# ,$ '! ' $ 0 -'
, !C '%$& >$ ! $, !'1&+8 + ( +% $ , EEH8HJ8 JF ,$ !
$!&#
,$ !&% # '+ ! $ " $ '!& H8
NF ,$! $!
&#,$ ! &#
1'! & 5

$. ! & < !&% # '+ ! $ = $ $+0 ' $& !&#


1$ !? &',& .$ !+ ! $ !&,& $ %
&#'
+ ! & 8 :/ ! $!
&# '
(&+ & , HHF ,& $. ! &8 *$ $% ! & ! & 2 ,& , 2 $ :/ &
&#'
+ ! &)*$ !+ "'! &,$ 2 $" '
-&+ ! $ $ )&+ ! $ .&+'#'
& 5 + EEE8$ "& !$ +
R2 $,/!$ &#'+ ! & % %'
,& *$ &#$4#'& S 2 !&-&+8 + +0,' &8 J8
OF ,& , 2 &
!$!&' ,$ 2$ !/"/ 5

!/&#
+ ! $ $+0 ' $82& & &#0+ ,& /& '+2$ !
3 '& + ! +$ $ 4+'$ $'&'8!+
$% !/,$ #-3 ' & $+$ . & !
$ , , -$#-'
+ ! $ $ 4+'$8 $ ' &# /#
!/ &#,$ !$
/ %& $ 5 + $ D /!$&#& "&,$, .$ +& , $+0 ' $! ! & 1$D ,& &!'.
&)*$& /+ $ /+' ,$
:/ $+2$ !
& ,'. !+ ! & $#1& ,& /& #
$D& , & $ ,$ $+ $ !'
2$ , 2 $,/!$ 8&
&!/ (& ,& $+2 & $/+ +$& /& $ & ' *$5

2& !
' , + &,$ ,& ,0 &,& , $- ! &8 B + # 1& )& ,$ :/ D ? !
'1& - '.'&,$ $/!$
2&7 / $2 / 8 / " + &$ # &,$ , /+ $+0 ' $ , 2 :/ & ,' + *$ ', 2 , !8
+2 & ! $# $"'&+ ! &-& )&,& $+ .$! 5 !& +2 & & /+ + $-&
-& '
&,& . $ +& , $+0 '$C /2 + &,$ 8 1'
2 + &,$ 8 #$D & , , $! $8 #
$D& ,
$- ' 9 ' &8 #
$D& , 2 '&#'
,&, 8 +&' !+ !8 $ $-$ . $ +&!$ , $D /!$
$+ '&' < , '" &,&+ ! $ $ =
8& 2& ,& ' +2$ !3 '& ! ,&
- ,& B,'! 3 ' &8 $+ , !&:/ 2& & $ + '
$ R&! ?#
$"$S ! !5

&,& - (+&'$ '


,&, , '
& /! ! &%'#
',&, $ , -$#
-'+ ! $ / %& $8 + 2 $#,&
:/&#'
,&, , -' ,& ,$ ' ,&,*$ 8!$ & '+2 ',7- #$ $ !'
%/!
$ , 2$#7!'& , 2# & &+ ! $
$ , &+ ! $ $+ '
&#2& & & 2$#
7!
'& "#
$%&#, $ , &+ ! $,$! '!4'$5

+0,' & & /&#, 2 $& +2 "&,& + >$ !/"&# 8 + EEH8 $ !


$ ,$ -')$ 8.$''"/&#&
5NEJ5GEE8 $/ D
& LG8 JF ,$ +2 "$ ! $!
&# < & +0,' & & /&# 0 , L5 5OEE 2 $& = 5
#&!'
-&+ ! &$ & $ & ! ' $ 8$ !$ "'!$/ /+& -& ' &)*$ , F8/+& - (:/ $ 6+ $
+0,' $, 2 $& +2 "&,& + EE . $', 5J 5 EE5 ! ,&,$ 0, -' , ' & & /% '&
R$+0 ' $2$ " $ $ & ! &#
1$K 2& &)*$, - 7/# $ &/! $+4- '8+$!$ '#
$ , % , /$
2 $&# S:/ 2 !
& G8 NF ,$ !$ , -'
)$ 8 "/' ,&8 2 ! '
-&+ !82 # & /% '&
R
&,+''!&)*$ 26%# '&8, . & "/ & )& $ ' &#$% ' "&!4'&S< 8HF= 8R&6, & )*$ $ ' &#
S
< E8JF= 8R ,/ &)*$S < E8LF= R & !'
-',&, ' +$%' #
'?' & 8, &#/"/ -'
)$ 2 ! &,$ B
+2 & S< E8 EF=8!&# $+$, +$ !& & I' "/ & 5L5

G
I'
"/ & 5LC '!'
%/'
)*$,$ +2 "$ $ !
$ ,$ -'
)$

E8
HF G8
NF

8
HF
EF
E8
LF E8
JF
Co mércio
A dministração P ública, Defesa e Segurança So cial Obrigató ria
Saúde e A cção So cial
Educação
A ctividades Imo biliárias, de A luguer e Serviço s P restado s às Empresas
Outro s

I$ !C

+ ! +$ -$# /!'
-$ 0, &# ' ! & & '
"'.'&!
'-& -& '
&)*$ & /&#2$ '
!'
-& $% -&,& & /% '&
R& !'
-',&, ' +$%'
#'
?'& 8, &# /"/ -'
)$ 2 ! &,$ B +2 & S 8R ,/ &)*$S R&6,
& )*$ $ ' &#S
8:/ . $'
8 2 ! '-&+ !8, 8LF8OF G8HF5 . ' &',& & & !
'-'
,&,
.'& '& :/ 8 +%$ & +2 "/ &2 & 8F ,$! $!
&#, +2 "&,$ ,$ !$ ! ' ?'$8 $. /
/+& -$# /)*$& /&#2$ '
!'
-& , F5

"/ ,$ $ :/&, $ ,$ 8$ 6+ $ ! $!
&#, +2 & $ !$ ,$ -')$ 8 + EE &
7-#& ' $ &#
8 & , H O5 HO8 +2 "& ,$ 5OE 5G H 2 $& 5 &#' !& 8$! /,$8:/ LL8F
,&:/ # / ' - $ . B /% '& R$+0 ' $ 2$ " $ $ & !&#
1$K 2& &)*$ , - 7/# $
&/! $+4- '8 +$!$ '#$ , % , / $ 2 $&# ,$+0 ! '$S <- )*$ R $+0 ' $S=5
"/',&+ !8 / " + $ $ /% ! $ R&#
$D&+ ! $ !&/ &)*$S R & !
'-',&, ' +$%'
#'
?' & 8
&#/"/ -'
)$ 2 ! &,$ B +2 & S:/ 2 !
&+8 2 ! '-&+ !8 LF < G 5H O
+2 & J5NH +2 "&,$ = H8
HF < GE5EHN +2 & N5G H +2 "&,$ = ,&
!$!&#'
,&, ,$ !
$5

+ ! +$ , # $ &#
'(&)*$ " $" ?.
'& ,& +2 & ,$ !
$ ,$ -'
)$ 8JH8
GF < L 5NL =,$
!
$!&#,& +2 & ,$ !
$ ' !/&+ $ !$Q $ ! ,$ 2&7C '%$& $+ 5GNG +2 &
< 8GF= 8 $ ! $+ EE +2 & < 8F= !$ $+ N 5 +2 & < 8 NF=5

/ & ! $& $, EEH8$ !$ ,$ -'


)$ 2 !$/ & , GLF ,$>$,/! $ ! $ /! $
>$ !
/"/9 5 $ & $ EE EE 8 ! !
$ 2 !$/8 2 ! '
-&+ !8 & , G F ,
GHF ,$ > 5 & $ ,$ $+ $ 8$ !$ ,$ -')$ 2 !&8 + EEH8OH8 HF ,$
< +' +2$ !$= 5 !$,$ !
$ ,$ -')$ $" /2$R $/!$ -'
)$ S 2 & HL8
HF < 8 JF ,$
=8 "/' ,$ , R$+0 ' $8 !
&/ &)*$ 1$! 0'S $+ H8 OF < J8 HF ,$ =5 + ! +$
-$#
/!'
-$ - ' .
'& 8+ # &)*$&$ ,$' & $ & ! ' $ 8:/ $2 $,$ !
$ ! ' ?'$ $
$. //+& -& '&)*$2$ '!'
-& A + EE $ /2 $ $ .$', O 8 OF + EE , O 8JF 5
, /%# '1& &',& & ! ,9 ' & !, ! ' & '(&)*$ ,& $ $+'& 2$ !
/"/ &8B + # 1& )&
,$:/ - '
.'& $ $/!$ 2&7 / $2 / 5

& '
*$ / $2 '&8 ! NNL EE 8$ 6+ $ , 2 $& $ /2&,& + !
$,$ $ !
&,$
+% $ "'!
$/ /+ &/+ ! $#7
:/'
,$ , +'#
1; 8,$ :/&' 8
O +'
#1; *$ &!'
%/7
,$ &$
$D/! $ ,$ -'
)$ <, , $ $+0 ' $ &!
0 &$ -'
)$ 2 $&'=5 $+0 '$8 ! &/ &)*$8
!& 2$ ! $+/ '&); :/ 8 + EE 8 2 !
&-&+ LF ,$ +2 "$ !$!&#
8 &+ &
/+& !
&@& +0,'&, 8 GF &$& $8 ! NNL EE 5

& $,$ $+ & # & ' .


'&)*$/! '
#'
(&,& 2 #
$ 8$ !$ ,$ -'
)$ '!"& $ "/'! /% ! $ C $+0 ' $2$
"$ $ & ! &#1$8 2& &)*$, - 7/# $ &/! $+4- '8+$! $ '#$ , % , / $2 $&# ,$+0 ! '$K &# $D
&+ ! $
!&/ &)*$K !& 2$! 8& +&( &" + $+/ '&); K & ! '
-',&, .'& '& K & !'
-',&, ' +$%'
#'
?'& 8, &# /"/
-'
)$ 2 ! &,$ B +2 & K &,+''!&)*$ 26%# '&8, . & "/ & )& $ ' &#$%' "&!
4'&K ,/ &)*$K &6,
& )*$ $ ' &#
K $/!& & !'-'
,&, , -'
)$ $# ! '
-$ 8 $ '
&' 2 $&'K $/!$ -')$ 5
" /2$R /!$ -')$ S "#$%& $ &+$ C&,+''!&)*$26%# '&8 ,/ &)*$8 &6, $/!$ -'
)$ < ' #/',$$
-')$ 2 ! &,$ B +2 & = 5
! ?#/# $ *$. $&+ $ ' , &,$ $ R -' )$ , '! + ,' &)*$.
'& '& ',' ! &+ ! + ,' ,$ S5

O
"/ ,$ & $!& & '$ &'8& $ $+'
& ,& '*$ / $2 '
& " $/ /+ -&# $ & !&,$ ,
J5 EE +'
#+' #
1; , / $ + EE 8 &% ,$ &$ -')$ <$+0 ' $K 1$!0' !
&/ & ! K
!& 2$ ! $+/ '&); = & :/$! & , 8
GF5 ! NN EE ! -')$ :/ 8
$+2& &!'
-&+ ! &$ $/!$ !
$ 8 "'! & &+ ,& +&' &# !& ! &@& , '+ ! $8
&+ & /+& !&@& & /&#, 8 OF5

$1 & 2 $" '


-& "#
$%&#'(&)*$ ,& #
&); $ 4+'& .'& '& 2 /2; &
& '!
&)*$ ,$ '+2& !$ ,& & # &)*$ ,$ !+2$ $ 4+'$ 8 :/ &#! &+ & #&);
!&,''$ &' ! !$ 2 '.' & .
$ +&!&+ & # &)*$ ! ! ' !4'$ $ "& '
(&)*$ $ '
&#5

+ 2& !'/#
& 8& &2'
, ( , !$ & , '. $ +&)*$ !
$ & #
&!'
-$ $ $ ' !
$ , !+2$ 2&)$8
$ ,/(',$ + +$ &#
"/ !4 '$ & 2 ,' ( + & T+$ ! ,& ,'! 3 '&U & '+&"'& + /+
+/ ,$ + :/ & & !'
-',&, *$#$ &#
'(&,& + :/&#:/ #/"& & /+ / !
$/ '.
$+'(&,$5

$ & $ + & ?# ' 8 + !+$ , %&! 2& & & #'!


/ & ,& #
'! &!
/& $ 4+'&8 !&+$
!& &%$,&" + $ $1 ' + ! $, :/ & &2' , ( '! ' ,&, ,& "# $%&#'
(&)*$,'
#/'$ #'
+'!
2& & & ,'
-'*$ , !&%&#1$ &# ! & & ,' )*$ ,$ !
',$ , 2 ' &#'
(&)*$82$ '%'#
'!
& ,$ <
$/
@'"',$=8 & &,& 2&)$8 2#&!&.$ +& , #& '
$ &+ ! $ :/ # 1 2 +' !
&+ "& & !' &
$+2 ! '
!'
-',&, B &#
& "#$%&#
5

$ 2$ ! $ , -'!& 2 &"+?!'$8 ! $1 ' + ! $ $% '


"& & /+& '! - )*$ & '$ &#8
+/#!'
,' '2#
'& -$#- ,$ !
$,$ $ &" ! $ 4+'$ $ , 1$ ' !
'-$ & $-&
2 )& ','-'
,/&' +2 & ' &'8 , '" &,&+ ! &:/ # & &2&( , /+& $+2 ! !
/!'
#'
(&)*$, 2#&!
&.$ +& 82& & &#
0+ ,& + & /!'
#'
(&)*$'.$ +&!
'-&8 ,& ! !
5

$+ .' !$8 2& & :/ & /! '


#'(&)*$ ,& ! $# $"'
& 2$ & $ ! '
!/' /+ . ! '
-$ .
& !
$ ,
,'
. '
&) *$8& 2 )& ,& +2 & & $ ',&, , '. $ +&)*$ , - ? ! /+ &#& %+
+&'$ ,$ :/ & + & /! '
#'
(&)*$ ,& $-& ! $# $"'& 8, '
" &,&+ ! &$ 7 - #,& .$ +&!&)*$
, !/!/ & $ "& '(& '$ &'8+0! $,$ ' !/+ ! $ , !&%&#1$8 + $ $ 3 ' & $+ $ $-$
2$ $ < 2 $" $ =! $# 4"'$ 5

!'
!&+ ! &$ 7 - #,$ $+0 ' $ ,$ -'
)$ #
& '$ &,$ < +%$ &8 ,$ 2$ !$ , -'! &
$ 2! /&#
8 *$ $ &" &, !& "+ ! &)*$=8& " ! *$ ,& +/,& )& '+2#'& & &2#
'&)*$ ,
' !/+ ! $ + !$,$#$"'
& $' ! &,& 2& & /+& &%$ ,&" + . #
/@$8 + :/ & " ! *$ 2$
2$ $ <> A =& /+ 2& ! '/#& #-3 '&8 $ 8
$ $ $ ! '
!/+ :/& !
$ 2' ' 2&' - ! $ , '! - )*$8
'
+/#!& &+ ! &! &#'&,$ , $ $+' & , / $ &" ! , 2 $,/) *$ , -&#$ ,
:/&#
',&, $ #& '
$ &+ ! $ $+ $ #' !Q$ /+' ,$ 5

8 + 2& !'/#
& 8&2 !& $+ 2$! '&#'
,&, 2& & 2 $,/(' /+& &#
! &)*$
2 $./ ,& $ $ ' !
$!&,'' $ &#, $+0 ' $5 $+ .'!$8&!&-0 ,$ 802$ '
%'#'
!&,&
B +2 & /+& @2& *$ , - ,& , + &,$8$ / /! $ . '
@$ , #$"7!
'& *$
,/('
,$ 8 & !& & ); $+ '
&' !
$ &+ +&' ,' ! & ?2'
,& !$,$ $ .
$ )$
$+/ '& '$ &' -'
)$ 24 - ,& !$ &+ +&' @2 ,'!$5

! 7 -#8 & + ,',& + :/ 0 &!&-0 ,$ . #


/@$ '. $ +&!
'-$ !& & ' $ &' :/
2 $,/( + $ .
#/@$ .7'$ <2 $,/! '
-$ 8 $+ '&' # $"7!'$ =
8!$ & .
/ ,&+ ! &#"& & !
'&
'!" &)*$ ,$ '!+& , '. $ +&) *$ & / ' .$ +'
(&)*$ , /2$ ! , #' !/ &8, & .$ +&
"& & !',$ &2' ,( & 2$ !& +&! ' &' &$ 2 $ $ ,'"'!
&#+ ! &# &-& &,$
& ! '$+ ! , '!
$ &!7!
/#$ @ +2# '
.'&!'
-$5

J
& !
& 0 &2 & /+& + ,' ,& / ,? '
& $ 3+%' !$ , /+ 2 $ $ :/ 2 ! ,
@! +&+ ! &% & " !8 , ' )*$ , ! $,$ $ '!+& $ 4+'$ &8 & ' + 1&+&,&8
$ $+'& ,'
"'!
&#82 )& :/ 2 /2; & +$, ' (&)*$ '!" &,& , !/!
/ & 8+0!$,$
2 $ ,'+ ! $ ,& / ',&, +2 & '
&'8,$!& ,$ & , &2& ',&, 2& & /+ 2$ '' $ &+ !$
$+2 !'
!'-$ $+ &,$"#$%&#
5

! & $8D ? &$ 7- #,$ </!'


#'
(&)*$ , ,'
. ! 2$ $ 2$ / $B , ,
!# $+/ '&); 8&',& :/ ,$ + +$ *$ /#
!+ :/&':/ !& & ); $+ '
&'=8&
2 $ /2&)*$ &'
8 $% ! /,$8 $% & !& . $ +&)*$ '!" &)*$,$ 2 $ $ 82 ! , ,$
$, -$#
-'+ ! $, +$, # $ , "4 '
$:/ 8 ,$ &2&( , /! '
#'
(& & ! ! $+$ /2$ !8
$ "/ + " & -&# $ & !&,$ .
''9 ' & $ '!+& +2 & ' &' &!&-0 ,& , .'')*$
, 2$ $ &/! $+&!'
(&)*$, 2 $ ,' + ! $5

'
+8 /+& . ! '-& '!" &)*$ ,$ / $ ,& & " ! *$ +2 & ' &#&2 &
- '.'& ? :/& ,$ $ $ & /+& &2&(/! '
#'
(&)*$ ,& /& 2$! ' &#
',&, &$ 7 - #,& $+/ '&)*$
'! & @! &8,& !& . 9 ' & , ,&,$ 8,& $ !/)*$82 :/'& $ /#
!& , '.$ +&)*$
$% $+ &,$8,& &# '
(&)*$ , 2 $ ,' + ! $ #$"7!
'$ 8,& ,'
-/#"&)*$, '. $ +&)*$ $% &
+2 & $ / 2 $,/!$ 8,& &# '
(&)*$, +& V ! '",' ! $82/%#'',&, - ,& 8 !5

! $ !@!$8 $ :/ ,'( 2'!


$ B +2 & ,$ $+0 ' $ ,$ -'
)$ 8$ $ !'%/!$
','2 ?- #,& ! $# $"'
& , '. $ +&)*$ 0 -'7
-# & $ ! '
(&)*$ , '!+& ,
" ! *$ , 8, " ! *$ , $+ ,& 8, " ! *$ , ! $/ & ' &8, '.$ +&)*$ $%
2 $,/!$ , -'
)$ 8, '.$ +&)*$&$ $ /+' ,$ 8 ! $/!$ 5

$ + +$ !
',$8!&!& ,$ , +2 & , +&' $ ,'
+ *$ <
+0,'& "& , = 8- '.'&
&',& & 2$ '%'
#'
,&, , , -$#
-'+ ! $,$ '!+& < =8-'& ,$
/+& 2 2 ! '
-& '!" &,& , !&%&# 1& $ ' /'!
$ , ,'!' %/'
)*$ $ <
=
8 2 $ / & ,$ .& '
#'
!& & #
&); ! & +2 & < 2 $,/!
$ A ,'!' %/',$
" $ '!& A !
&#1'!&= 2 +'!',$ /+& $+/ '&)*$ , . $ +& !& ,& ,'
(&,& < $!
& ,
$+ ,&8. & !/ & 8'.$ +&)*$ $% 2 )$ 8 ! $/!$ = 5

M/&#
:/ /+& , ! & $-& 2$ '%'#'
,&, , 2 )& #
& '
$ &+ !
$ $+ &,$ 2 /2;
/+& . !'-& ' )*$ +2 & ' &# & $ ',&, , '.$ +&)*$8 $+ $+2 !
9 '
& , -$#
-',&
&$ 7
- #,& $ $+'& ,'
"'!
&#8:/ / " ' !'
-& , -$#
- 5

,$2 $" '-&+ ! $ !'


(&,& !
& ' )*$,& +2 & & $ $+'
& ,'
"'!
&#802$ 7-#
2 & & ,'&+' (&)*$ ,$ $+0 ' $ ! &#1'!
&8 !$ , , 1? &# "/ & $ + 2 $.
/ ,&
!& .$ +&)*$ :/ #
&+& 2 #
& ,. '')*$ , !&!0"'
& :/ + #1$ 2$ &+ &. '+& & /&
'
+2$ !
3 ' & $ $D /!$,& $ $+' &5

$+ .' !$8 0- ,&, :/ $, -$#-'


+ ! $,$ & & ! & 2 $./ ,& &#! &); $
#
& '
$ &+ ! $ ! & +2 & $+ &,$8, - +$ ' "/&#+ ! $1 :/ $ $+0 ' $
# !4 '$! &+%0+ $ ! '
!/'/+ , &. '
$2& & & #$D
& & ! &#1$81&%'!
/&,& & /+ 26%# '$2$! ' &#
& $ $ ! , ! +'&,$ 8 $ . '&,$ & /+& ($ & " $" ?. '& 2 7 .
'&5 .& !
$8 &
$ @'!9 ' & , #
$D& -'!/&' &#! & $ $ ' !$ , ,'! 3 ' & , $ $ 9 ' &8.&( ,$ $ +/' !
$
'
+2# + ! &!&-0 , /+ + $ 7 !'
$ & $ , 2& &+ & ! & ,'2$ 7- '8 2& &
&2 !&)*$ $+ '&#
'(&)*$8!
$,& & "&+& , 2 $,/! $ -')$ :/ 2$ &+$ ' +&"'& 8 $+
2$ '%'#
',&, , 8 /+ + +$ @ 7' $8 $#- +& . & , $+ ,&8 ! "& < '+ ,'&!
&
$/,'
.' ,&= 2&"&+ ! $< $/ ! =5

!&2 2 ! '
-& :/ $ '
, &' +2$ !
& !' +2/#'
$& $ R 2 $D !$ '!" &,$ ,& .
/ )*$
$+ '
&#S82 $D !$ :/ $ /% ! & '&+ +$, #$ :/ .&( + ,& ./ )*$ $+ '&#&#
&-& & &
&.'+&)*$ ,& &2& ',&, !0 '& , '! - )*$ $ + &,$ ,& +2 & 8% . ''& ,$ &
$+2 !'
!'-'
,&, ,$2 $,/!
$$/ -'
)$$. '
,$5

/& !
'2$#
$"'
& -$#
- 8 $ +&#+ !8& !
',&, > $+$!
$ # $%&# >$+$!$ ,'-'
,/&#
5
2 $+$!$ "#
$%&# $ 2$ , B ! ',&, 2$ ?- #2 #
& $ 2) *$, !$,$$2 $D !
$82$, ,$8
+ ' +/#!3 $8 &" "& 8 & !
'/#& $$ , & $ 2 $D ! $ &, ! ','
-',/&#
+ !

N
&2 !
&,$ 2 #& +2 & 5 2 $+$!$ ','
-',/&# $ 2$ , &$&" ! +2 & 8&, !
&$ 2 $D !$ '!" &,$ + & !'/#
&)*$ $+ $ 2 $+$! $ "#$%&# $ 2'!
$ 2#
$ 2' 72'
$8
!&!0"'
& $%D !'
-$ $+/ , . '',$ $ . ' ,$2 $D !$5

!
',$ '&#,$ 2 $D !
$ '!" &,$ $ !& & $ !'!/'
)*$ , /+& , , #$D&
:/ 8&!&-0 ,$ / . / '$ &+ !$ '!" &,$82& &+ & % . ''
& , /+& " ! *$ $2!
'+'
(&,&8
D
& &!&-0 ,& ' "'
& , " /2$ 2$ ' %'
#'
!&,& 2 #$.
$ +&!$ ,$ $+0 ' $ '!" &,$8 D &
&!&-0 ,& & '
$ &#'
,&, ,'
"'!
&# :/&#
'.
'&,& ,$ 5

'
+8 ! 2 $D !$8 $ ' , &+ $D/! &+ ! ! $,& & ' ! &); 2 42 '
& , /+&
& !
'-'
,&, $+ '&#
82 $ / & ,$ , -$#
- ' "'& 82$ @ +2# $8&$ 7 - #,& &2#'&)*$
! $# 4"'& $ ,/ ! B + # 1$ '
& ,& :/&#
',&, ,$ 2 $,/!$ $/ -'
)$8 ,& &/! $+&)*$ ,
!& & ); , "4 '
$ . #
/@$ , ,&,$ 8,& ! "& ,$2 $,/!
$ -')$$/2&"&+ ! $&!&-0
, + ' $ # !4 '$ $/ ,& +&' $ -#$',&, & ! "& ,$ 2 $,/!
$ $/ -'
)$ 8 & $+2 &
- ,& , 2 $,/!
$ -'
)$ &!&-0 , + ' $ # !4 '$ 5

, $! & :/ $ % . 7'$ , ! +$, # $, "4 '


$ '!" &,$ /#!
&8 $% ! /,$8,& ,/)*$ ,
/! $ , , 2 ,7' $ & . / )*$ , &2 $-''
$ &+ ! $ ,'!' %/')*$8&$ + +$ !+2$ :/
&! , 8 + 2 ' &#8& :/ !; , '$-&) *$8, 2&, $ '
(&)*$8, $ .''
9 ' & , :/&#'
,&, ,
-'
,&5 *$8 2$ !& !$82 $D ! $ :/ &! , + & :/ ! ; & $' &,& &$ / ! $8 + , '@& ,
& &/!#& -&#
$'(& 8 ! $/!$ 8 ' !
0'$ , &+%' !8, &6, , "/ & )&5

$+$ ,2 , ,$ &! 0 &"$ & / '&,$8& ' )*$ $+2 ! ! $+2#!


& & $ $+'
&
,'"'!
&#82 /2; & ,'&+' (&)*$,$ 8&!&-0 ,& & $ '&)*$, -'
)$ /2#+ !&
&$ 2 $,/!$ %& 8 $+ '
&)*$ , +&' -&# $ 2& & $ $ /+' ,$ 5 0& '+
!& . $ +&,$ /+ 2 $,/!$&#& "&,$8, 1&,$, & $ ,$ $+ & '
,&, ,$ $ /+'
,$
@'"',$/+& '! 2 ! &)*$,$ 2 !'
-$ "5

$+ .'!$8$ / ! $ #& '


$ &,$ $+ & $%! )*$ ,$ % . 7'
$ ,$ -')$ *$ +/'
!$ +&'
$+2#@$ ,$:/ &:/ # #
& '
$ &,$ $+ & $%! )*$, 2 $,/! $ 8' $ 2$ & ,$:/ $ / ! $
.
'& '$ <, 2 & #& '
$ &,& $+ & 2 $,/)*$ ,$ -')$ 8+& ! &+%0+ $+ 2$ 7 -'
' ', ! $/ -')$ /2#+ ! & =8:/ $ / ! $ *$ .
'& '$ <.
& !$ !+2$8 . $ )$
, $. $!$& $ '&,$ B2 $ / &8 $+2 & / $= 5

M/& ,$8 &!&-0 ,$ 2 ! , ,'2$ ' %'#


'(& +&' $ -&# $ < & !&,$= &$
#
' !Q$ /+' ,$ 8& :/ ! *$ !&# !? + $ "/' &/+ ! & $ -&#$ ,/(',$ $ / ! $
*$ .
'& '$ ,$ -'
)$5 '+82$ @ +2#$8$ &/+ ! $ ,$ -&#
$ ,$ -')$ 2$, $%!'
,$
&!&-0 ,& ,/)*$ ,$ / ! $ , !+2$ & $+2 &8 ! "& $ /+$8,& +'' +'(&)*$ ,$
/!$ 2 '$# 4"'$ *$ , D &,$ ,$ -'
)$8 ,& #'+'&)*$ ,$ / ! $ . 7'$ ', D &,$ 8
$+ &,&+ ! ,/ & ! & . & , 2$ /& ! "& ,$ -')$ $/ ,& ,'
+'/' )*$ ,$ / ! $
$' &' ', D &,$ 5

& &' +0!$,$ /! '


#'
(&,$ & ,'!' %/'
)*$ ,$ -'
)$ *$8 !&+%0+ # 8,'. ! ,$
2 &!
'&,$ &$ 7- #,$ +& V ! '" ',/ !'
&#82$, ,$ $ @'! ' & /& .
$ +& .
7'&8 # !4 '&8$/
&+%$ 5 $+ .' !
$8 &,& - ( +&'8 & - # $',&, & $- ' 9 '& ,$ +$+ !$ #
/"& 8
2 2 ! '
-&,$ & 42!'& ,$ $ /+' ,$ 8 $ ! '
!/'/+ ,$ , ! +'& ! +&' ' +2$ !
& ! &
!&!0"'
&, ! "& ,$ -'
)$ 5

.$ +& + #1& !8 & $+/ '&)*$8 , ' " &,&+ ! & /& - ! ! ,/ & '
$ &#8
2 ' &#
+ ! :/& ,$ ,'' "',& 2& & $-$ $ /+' ,$ 80 ! &+%0+ /+ - ! $ '+2$ !
& ! ,$
+& V ! '" , -'
)$ 5 & /& ' +2#+ ! &)*$8 , !& & $ .$ '+ ! $ , '. $ +&)*$
?'&8& 2 /& *$ ,$ ,$ % . 7'$ , /+ -'
)$ $ $ &D
&+ !$ ,$ # ' !
2& & &,$2!& + , ! +'&,& & ); + +$+ ! $ 2 7.'$ 5

, $! & :/ 8 & + ,',& + :/ +/' !


$ -'
)$ , 2 , +8,' ! & $/ ',' !&+ !8,&
'! & )*$ 2 $&# ! # ' ! $#
&%$ &,$ 8$ . $ )$ &$ 7
- #,$ /!
&+ ! $8! '$
+$!'
-&)*$,$2 $&# 8 2 ' &#
+ !, 8$! '/& ?& , ! +'& ' "'.
'&!
'-&+ ! &
2 2)*$,$ #' ! #
&!'-&+ ! B:/&#'
,&, ,$ -')$ 5

E
$+ .' !$8& 2 2)*$ , :/&# '
,&, 2 #
$ #' ! $! '/& & , ! +'&,& 2 #
& '+&" +
.7'& ,$ ,' .7'$ 8- 7/#
$ ,& +2 &8& 2 ! $ '! '$ ,$ #$ &' , 2 !&)*$ ,$ -'
)$ 8
:/'2&+ ! $8+ +% $ ,$ 8+&! ' &' '
+2 $ 8$/ $/!$ & 2 !$ -'7- ' :/ .$ +
&#"/+& !
& "'%'
#'
,&, &$ -'
)$ 5

+0! $,$ & :/9 '


& , & ); + :/ . / ' $ & $ '!+& , $2 &); ,$ -'
)$ , - 8
2$ !& !$8 %+ ,#' &,&8 $% 2 & , &.& !
& $ $ /+' ,$ 82$ /+ #&,$8 , '+2 ,' $
2 $&# ,$ , , +2 1& % + & /& . / ); 8 $+ +&'$ 7-' ,
2 $,/!'-'
,&, ,'
+'/')*$, .&#
1& $ -'
)$ 5

$3+%'!
$, /+& $ ',&, "# $%&#'
(&,&8$ 2'
!$2 #$ $ /+'
,$ :/& !
$&" ! $ 4+'$
'
,&,*$8, ! +'& & $%! )*$ , + # 1$ /#
!&,$ + ! +$ , &2! &)
*$ , :/$!
& ,
+ &,$ , / ! ! &)*$,& 2$ '); $ $ '&' + &,$ 5

,'2$ '
%'#
'(&)*$ , '.$ +&)*$ , .$ +& .
'&( & ' +2#'
.'&)*$ , 2 $ $ & '! #'"&)*$
! $ /+' ,$ 8 +2 & ' !'
!/'
); , . ' &#
'(&)*$ 082$ ' $8./ ,&+ ! &#8!
$ & ,$
#-& ! $, -$#
-'+ !$, /+& , !#+?! '& , '. $ +&)*$&$ $ /+' ,$ 5

$ $ !@!$, ! ,$ 8&
& 2 $ /2&)*$ $+ $ $ /+' $-& ! $#$"'
& , '.
$ +&)*$& /+ +
/+ 2&2 #2 '
+$ ,'
&#8, '" &,&+ ! + !9 ? & . / ,&+ ! &'C

.
$ +&)*$ '.
$ +&)*$,$ $ /+'
,$ ,/ &)*$,$ $ /+'
,$ K

"/ & )& ,$ 2 $,/!


$ & ); , -'
"'#
3 '
&, + &,$<
2 0 24 =
K

& $ BD
/! '
)& & $ &$ + & '+$ , $#
/)*$ , #
'!
7"'
$ 2 $! )*$ ,$ '!
$ 4+'$ 5

$ 2 4@'
+$ & $ 8! ,$ + &! )*$ & '! )*$ ,& 2$#
7!
'& , . & ,$ $ /+'
,$ ,
&,$ ! $8 % + $+$ & @ /)*$ ,$ 2 ! '
-$ 2 $D !
$ 8 2$, +$ '
, !
'.'& &
"/'! ? & + :/ & $-& ! $# $"'& , '.$ +&)*$ *$'
+2 ',7- 'C

&= . !'
-& &2#
'&)*$ ,& #"'# &)*$ , R $ /+' ,$ S 8 :/ & 2' !
& ! B
- ! ! &# '+ !& :/ B *$ &# '
+ ! & 5 ./ *$ , ,' - & !',&, $+ $+2 ! 9 '&
.' &#
'(&,$ & /+& 6 '& R /! $',&, S8 & , $+'&,& R /! $',&, , "/ & )& # ' + !&
$ 4+'&S $ !' %/'? 2& & /+& +&' . '&( & ! '
-',&, . ' &#'
(&,$ &5 / $B
<4,'"$ , $ ,/! &= + , ! +'&,& !$ , & ! '
-',&, '!
& ?, /+ $ !$# $ '"$$ $
2$ 2& ! ,&:/ # :/ ! '
- + & / & "$ & ' +2#+ ! &)*$ ,$ ,'. ! 4,'"$ 5 '
+8$
/ $ & $-& ! $# $"'& ?' +2 ',7- # & &2# '&)*$ ,& #"'# &)*$ ,& +
+&!0' & , R $ /+',$ S , R $ $ 9 ' &S
K

%= $ $2 &)*$&,+''!&! '-& + +&!0'& , 2$#7


!'& , . & ,$ $ /+' ,$ & &2# '&)*$ +
>$ !
/"&#,$ "/# &+ ! $ EEGQ EEH , O , /!/% $8,$ >& #
&+ ! $ / $2 / ,$ $ # 1$8
#&!'
-$B $$2 &)*$ ! !'
,&, & '
$ &' 2$ ?- ' 2 # & . !'
-& &2#'&)*$,& #"'#&)*$
, $ /+' ,$ 8 $ ,/('? B ' +2#+ ! &)*$ , /+ '!+& '!" &,$ , '. $ +&); !
!'
,&, & '
$ &' ,$ !&,$ +% $ ,& '
*$ / $2 '&K

= "/ & )& , -')$ & &2#


'&)*$ ,$ + & '+$ & !
/&#
+ ! + -'
"$
2& & & "/ & )& , 2 $,/!
$ 8B "/ & )& , -'
)$ K
,= '&)*$ " !*$ , /+& %& , ,&,$ + +&! 0'& , $ /+$:/ 8 / ',$ '.$ +&)*$
2 $- ' ! ,& ,' - & !'
,&, $+ $+2 ! 9 ' & + +&! 0'& , , . & ,$ $ /+'
,$ 8
2 +'!'?/+& + #1$ &-&#
'&)*$ ,& &!
/ (& &/ & ,& $ .#'
!/$ '
,&, @'! ! ,& + ,' ,&
&,$2!
&,& 8','& ,$2$ 7- '? & , & ! /&)*$2$#7
!'&K

= '
&)*$ & " !
*$ , /+& &'
@& < @5 & &'
@& EEE= $+$ 2!
? /#
$ 6 '$ ,&
#&+&); ,$ $ /+'
,$ K

.
= -$#
-'+ !
$ ,$ $+0 ' $ # !4 '$ A .
$ )$ ,& "/ & )& & !& & );
<
2&"&+ ! $ = ,& 2 $! )*$ ,& 2 '
-& '
,&, ,$ $ /+',$ & $+2 & - ,& , %
-'
)$ K

"= "/ & )& ,$ $ /+'


,$ & - ,& B,'!
3 '
&5

, -$#
-'+ ! $, 2$ !
& ! $# 4"'& 2& & !& :/ !; 2 /2; 8& ! , +&'8& /&
.#@*$ & ! '/#
&)*$ & 7- ##"'#
&!'
-$82& & :/ & !
'/# $ - !$ , '! - )*$ & '
$ &#
8
/ $2 / '! & ' $ &#
5
! "

# " $ %

# & '

#!
()*)+,-.,/0)+1- )2-+30/ 2- ()40 567 * 89 4+:;-< )+1=)-41 =-* 9
621-=)*< (- 1/5- ()/ +,)*1/0)+1-
=)6.
/>6(- - )+16+1-< -* ?=6+()* 5=-@)21-* () /+,)*1/
0)+1 -< +6 A=)6 2/,/.-4 0/ .
/16= < -9
)=)2)0<
6.80 (-* /05621-* (/=)21-*< -5-=14+/
(6()* 56= 61 =6+*9)=/=26562/(6()* 1 )2+-.3?/ 26*< 6B= /=+-,-*
0)= 26(-* 6)05= )*6* /
+-,6(-= 6* -4()*)+,-. ,)=6* 26()/ 6* ()9 -=
+)2/ 0)+1 - +62/-+6/ * **/ 0< )0
5=)*)+:6 () ?=6+()* 5=-@)21-*< 8 5-**7
,).-B1 )=)9 )/1
-* *45. )0)+1 6=)* C4) ,;- 6. 80 (- ,-. 40)
/
+,)*1 /
(- 5=-5=/
60)+1 )(/ 1
-

* 6C4/ */
:D)* 5-== 6>;- () ()9 )*6 +62/ -+6.< 2-+*4B*1 6+2/ 6(6* +6 )/() = -?= 606:;- / ./
16=C4)
/+2.4/- 2-+@ 4+1 - () B)+* ) *)= ,/:-* 6(C4/ =/
(-* 5). - / +/*18=
/- (6 )9 )*6 62/ -+6.< 1E0 1 /(- 61 8
6?-= 6 40 / 05621 - =)(4>/ (- *-B= ) - ()*)+,-. ,/
0)+1 - (- 567 * *16* ()*5)*6* +;- 1 E0 1 /
(-< )0
?)= 6.< 40 )9 )/
1- 04. 1/
5./
26(-=*-B= ) 6 )2-+-0/ 6 5-= 14?4)*6< 65)*6=(- ,-. 40) 2-+*/ ()= A,).()
2-+1 =656= 1
/(6* F ()*5)*6* (- 9 -= +)2)(-=62-= (6(6* 2-0 - *1 6(- 5-= 14?4E* 6C46+(- (66C4/ */:;-
() B)+* F C4) . G)* )*1 ;- 6**-2/ 6(6* =?6+/>6:;- 4+(/ 6.() -08= 2/- 62)/ 16 6 )H/ *1E+2/6 ()
2-+1 =656= 1
/(6* +6* 6C4/ */:D)* 0/ ./16=)* 06* 8 B6*1 6+1) 06/ * = )*1=
/1/
,6 +- C4) = )*5)/ 1
6 I*
6C4/ */:D)* 2/
,/* * 2-+1 =
656= 1
/(6* 5-()0 )(),)0 *)=40 / +*1=40)+1 - ()5-. 71
/265JB. /
266C4)*)
=)2-= =)56= 6 C4)6* 6C4/ */:D)* 0/ .
/16=)* 1)+G60 / 05621 - +- ()*)+,-. ,/0)+1 - )2-+30/ 2- (- 567 *
.
?4+* )H)05. -* / +1)=+62/ -+6/* 0-*1 =60 C4) 6* 2-05)+*6:D)* () +61 4= )>6 1 )2+-. 3?/26 ) ()
62)**- 6 0)= 26(-* 6**-2/ 6(6* 6 ?= 6+()* 6C4/ */:D)* 0/ .
/16=
)* 2-+*1 /
14)0 406 9 )==60)+1 6
)*1 =
61 8?/2656= 6- ()*)+,-. ,/0)+1 - )2-+30/ 2-< - 5-*/ 2/-+60)+1 - 5-.71/
2- )6/ 06?)0 (- 567 * -
0)*0- 1 )05-< C46+(- B)0 41 /./
>6(6*< 6@ 4(60 6)C4/ ./
B= 6=6B6. 6+: 62-0)= 2/6.2= /
6+(- 9 .
4H-* C4)
2-05)+*60 6*67 (6()(/ ,/*6* -= /?/+6.

6 A=)6 2/,/.
< 69)==60)+1656= 6 6(/+60/>6:;- (6* 26()/6* ()9-=+)2/
0)+1- +62/
-+6/
* 56**65).6
5=-24=6 () +7 ,)/
* () 2-+1)J(-* .-26/* K L6()C46(-* *1)* +7,)/
* ()
2-+1)J(- .-26.2-= =)*5-+()0 I / +2-=5-=
6:;- () 9621-=)* () 5=-(4:;- () -=/
?)0 +62/-+6.)0
?=6+()* 5=-@)21-* ()/+,)*1/0)+1- +6A= )62/,/
.)5-()0 *)=4069 -=06()640)+1 6=-* B)+)9
72/
-*
)2-+30/ 2-* C4).G)* )*1;- 6**-2/6(-*

06H/ 0/>6:;- (6 56= 1/2/


56:;- +62/ -+6.+-* ?= 6+()* 5= -@)21
-* () / +,)*1/
0)+1 -< 61=6,8* (-
=)24= *- 6 9 )=
=60)+1 6* 2-0- - = )9-=:- (-* 2-+1)J(-* . -26/* -4 6 +)?-2/6:;- () 2-+1=656= 1/
(6*<
65= )*)+1 6 ,6+16?)+* 2-0- 6 ?)= 6:;- () =/C4)>6< 6 2= /
6:;- () )05= )?-< 6 2-+1=
/B4/:;- 56= 6-
)C4/ .
7B=/- (6 B6.6+:6 () 56?60)+1 -* ) - 640)+1 - (6 = )2)/169 /
*26. 6* 6* 5= /+2/
56/* ,6+1 6?)+*
5-()0 )*1 6=+65-**/ B/.
/(6() () 1=6+*9)=E+2/6 () 1)2+-.-?/6 ) +- 62)**- 6 +-,-* 0)= 26(-*< (-/*
9621-= )* 2G6,) 56= 6- = )9-=:- (6 2-05)1 /
1/
,/(6() (6* )05= )*6* **) =)9-=
:- 8/ +(4>/ (- 5).6
56= 1/
2/56:;- )0 5= -@)21-* C4) 640)+1 60 6* 2-05)1 E+2/6* 1)2+-.3?/26* .
-26/* ) 5=-0-,)0 6
2=/6:;- ()26()/ 6* ()9 -=+)2/0)+1 - +62/-+6/
*< 9
=)C4)+1 )0)+1 )61=6,8* (62= /
6:;- ()2-+*3= 2/
-* ()
)05= )*6*

* 2-+1
=656= 1
/(6* *;- 2-05)+*6:D)* )2-+30/ 26* -9
)=)2/(6* 5-=40 ,)+()(-=6 40 2-05= 6(-=<
?)=6.
0)+1 ) - -,)= +-< 2-0 - -B@ )21/
,- () =)(4>/=- )*9-=:- 9/
+6+2)/=
- 6**-2/6(- I 6C4/*/
:;- ()
B)+* -4 *)= ,/
:-* 0/ ./
16=)* () ).),6(- ,6. -= 4+/1
A=/- =-24=6 *) ()*169 -=06 0/ +/0/>6= 6*
6**/
0)1=/6* )2-+30/ 26* =
)*4.16+1)* (- (/*5E+(/- () C46+1/6* */
?+/9
/261/
,6* () =)24=*-* 5JB./2-*
)0 )C4/560)+1 - C4)< )0B-= 6 2-0 ,6. -= 56=6 - 567* 5-=C4) 2-+1=/
B4/56= 6 6 *)?4= 6+:6 ) 6

-=2-+1
)J(-* .
-26/
* )+1
)+()0 *)-* .
-26/
* 6/
+1)?=
6=+6* 26()/
6* ()9
-=+)2/
0)+1
-/+1
)=+62/
-+6/
*

!
=)(4:;- () = /
*2-*< +;- ?)=6 5-= */*3 40 B)+)9 72/- /
0)(/61- 56=6 6 )2-+-0/ 6 **/ 0< +6*
1=6+*62:D)* C4) )+,-. ,)0 2-+1=
656= 1/
(6* )*1 6B).)2)0 *) (-/* 2-+1=61-* )0 */ 04.1
M+)-< -
5=/0)/=- =).
61/
,- I 6C4/ */
:;- (- B)0 )0 264*6 ) - *)?4+(- 61 =6,8* (- C46.6 )+1 /
(6()
9-=+)2)(-=6*)2-05= -0)1)6(/+60/ >6=1=6+*62:D)* 656=1/=())05= )*6* +- 567
* 2-05=6(-=

)*()- / +72/
- (6*)?4+(60)1 6()(- *824.- C4) 6* 1=6+*62:D)* 2-0 2-05)+*6:D)* 1E0 */(-
41/.
/>6(6* 5-=,A= /-* 567*)* 2-0- /+*1
=40)+1 - () 5-.7
1/26 5JB./
26 () 65-/ - 6- ()*)+,-.
,/0)+1-
)2-+30/ 2- * 2-+1 =656=1/(6* *;- 62146.
0)+1 ) )H/?/(6* ) 2-+1 =6146.
/>6(6* 5-= 40 +J0)= -
6.6=?6(- () 567*)*< ) +6:D)* 2-0- 6 &9=/
26 (- 4.) 6 $ +(/6 41
/./
>60 +6* 1 60B80 +- M0B/ 1
- ()
?=6+()* 6C4/*/:D)* ()+61 4=)>62/,/
.

* 1=6+*62:D)* 2-0 2-+1 =656=1


/(6* 5)=0/1)0 6- 567 * 69)216==)24=*-* )1 =6+*9)=/
=1 )2+-.-?/656= 6
*)21 -=)* )*1=618?/2-* 56=662= /
6:;- ()= /
C4)>6< ?)=6+(- *)40 2-+@ 4+1- ()B)+)9 72/
-* ()+61 4=)>6
)*1 =414=6+1) 56= 6 - 567* 0B-= 6 - 5=):- () 6C4/*/ :;- (-* )C4/560)+1 -* *)@6 *)05= ) 69)216(-
5). - 9621- () - 2-05= 6(-=)H/?/=2-05)+*6: D)*< )**))H2)()+1 )8 ,/*1- 26(6,)>06/ * 2-0- 40
/+,)*1 /0)+1 - +- ()*)+,-. ,/
0)+1 - )2-+30/2- (- 567* )+(- )0 2-+1 6 6= )6./
(6()5-= 14?4)*6< 6*
2-+1 =656= 1
/(6* 2-+*1 /
14)0 406 -5-= 14+/
(6() () C46. /9
/26=) 1=6+*9-=06=6 +-**6 B6*) / +(4*1=/6.
./
?6+(- 6 6 26()/ 6* () 9-=+)2/
0)+1 -* /
+1)=+62/
-+6/ * () B6*) 1 )2+-.3?/26 ).),6(6 (4= 6+1). -+?-*
5)= 7-(-* ()1 )05-< 406,)>C4)-* 5= -?=606* ()2-+1 =656=1
/(6* 5-()0 4. 1=656**6=-* ()>6+-*

" #

01
)=0-* (6*46()9
/+/
:;-< 6* 2-+1
=656=
1/(6* 5-()0 *4B(/
,/(/
=*))0 1
=E* 1
/5-* (/
9)=
)+1
)*N

/
=)216* F (/>)0 = )*5)/1
- I/+2-=5-=6:;- ()5=-(41
-* -4*)=
,/:-*< C4)*;- 5=
-(4>/
(-* 5-=
)05=)*6* .-26/*< +- )C4/560)+1- )0 6C4/*/
:;-O

)0/(/=
)216* F C46+(- - 9-=
+)2/0)+1- 5).6* )05=
)*6* 8 6.
6=?6(- 6 -41
=6* 4+/
(6()* (-
0)*0- )C4/560)+1- ,)+(/(6* 6-41
=-* 2.
/)+1)*O

+(/
=)21
6* F (/
>)0 =)*5)/1
- I* 1
=6+*62:D)* )0 C4) - B)0 -4 *)=
,/:
- ?)=
6(- .
-26.
0)+1
)
+;- *)()*1/
+66- -B@)21
- (66C4/*/
:;-

)?4+(- - )56= 160)+1 - (- -08= 2/- (-* *1 6(-* +/ (-*< 406 (6* 5-426* )+1 /(6()* C4)
2-05/ .
6(6(-* *-B=)65= A1/
26(6* 2-05)+*6:D)* 6406)*26. 6?. -B6.
< +- 5)=7-(- () PP! 6 QQ!<
6* 2-+1=656=1
/(6* /+(/=)216* =)5= )*)+1 6=60 2)= 26 () RQ 5-= 2)+1 - (- 1 -16.(6* 2-+1 =
656= 1
/(6*
=)6.
/>6(6* 5).
6* )05= )*6* +-= 1) 60)= /26+6* @ 4+1- ()/+(J*1=/6* ()567 *)* 2.
/)+1)* )62-= (- 2-0
-* 0)*0-* (6(-*< ()*1 626 *) 6 41 /.
/>6:;- () 2-+1 =656=1/
(6* / +(/=)216* )0 1 =
6+*62:D)* ()
2-05)+*6:;- )+,-. ,)+(- 6 2651 6:;- () +,)*1 /0)+1- / =
)21 - *1 =6+?)/=- K L () +61 4=)>6
)*1=
41 4=6+1
))61 =6+*9)=E+2/6 () 1 )2+-. -?/
6 )+()0 5-=/ **- 6 *)=41 /
./
>6(6* 5-=567 *)* 2-0-
-=14?6. C4)< 0)*0- )0 5= -2)**-* () 6C4/ */
:;- () B)+* ()*1 /
+6(-* 6 406 41 /.
/>6:;- 0/ .
/16=
<
6B-=(60 6* 2-+1=656= 1
/(6* 2-0- / +*1=40)+1 - ()()*)+,-. ,/0)+1 - ()-41 =6* /
+(J*1 =
/6*

4/
1 6* ,)>)* 2-+-16(- 2-0 C4)*1D)* 06/* 5=
3H/06* (65-. 7
1/26()()9 )*6+62/
-+6.< - 640)+1- (-
,-.40) () 2-05)+*6:D)* *-B 6 9 -=06 () 2-+1=
656=1/(6* /+(/=
)216* ()0-+*1=6 - 5-1 )+2/
6.(6
9)==60)+1 62-0- ,)= 1
)+1 )()5-. 7
1/265JB./
26 * 2-+1 =
656= 1
/(6* 5-()0 1 60B80 *)= ,/=()*45-=1)
I 5-. 7
1/26 () 2/ E+2/6 ) 1 )2+-.-?/6 -4 () ()*)+,-. ,/0)+1 - = )?/-+6.
< +)*1) J. 1/
0- 26*-
56=1/24.6=0)+1 ) )9/
26>)* C46+(- 6**-2/6(6* 6 +,)*1 /0)+1 - / =)21- *1 =
6+?)/=
- )0 C4) *)@ 6
5-**7 ,).()2/(/=6.-26./
>6:;- (- 0)*0-

0 1)=
0-* (6* 5= /+2/56/* ()9
/+/
:D)* C4) *45-=160 6 5=
A1 /
26 (6* 2-05)+*6:D)*< /05-=
16 6/
+(6
65=
)*)+16=-* 2-+2)/1-* C4)(),)0 *)=5-**7,)/* ()/
()+1/
9/26=)0 C46.C4)=1=6+*62:;-N

(/2/
-+6.
/(6() F (),) 5=
-,6=*) C4) - 5=
-@)21
- )0 C4)*1
;- 8 ?)=
6(-=() ,6.
-=56=
66
+6:;-O

64*6.
/(6()F (),)5=-,6=*)C4)61=
6+*62:;- )0 C4)*1
;- (/
9/
2/.
0)+1
)1)=
/6.
4?6=5-=,/
6
(6(/+M0/26()0)= 26(- )0 24=
*-
5-.7
1/
26 () 2-+1 =656=1/(6* )+,-.,) 6/+(6 6 ()9/
+/:;- () 04. 1/
5./
26(-=)* 56=6 -* 5=-@
)21 -*< ()
62-=(- 2-0 6 ()9 /+/:;- (6* A=)6* () 621/,/
(6() 2-+*/()=6(6* )*1=
618?/26* 56=
6 - 567* **/ 0< +-
26*- () 5= -@
)21-* 5= /
-=/1
A= /
-* - 04. 1
/5./
26(-=6**-2/6(- 5-() *)=*45)= /-=6 40< -4 *)@6< - ,6.-=
2=)(/16(- 2-0- 2-+1 =656= 1
/(68 *45)= /-=6- ,6.
-== )6.
0)+1 )/ +,)*1/
(- 5).6)05= )*6(),)(-= 6(6*
2-+1=656=1/(6* * 04. 1
/5./
26(-=)* 94+2/-+60 6**/0 2-0- 9 -=
06()6. /+G6=-* /+1
)=)**)* (6* (46*
56= 1
)*

* 2-+1=656=1
/(6* () 6C4/ */:D)* 0/ .
/1
6=)* +;- *;- = )?4.
6(6* 6- +7,)./ +1)=
+62/-+6.) 1 -(-* -*
567
*)* 5-()0 ()9 /
+/=- *)45= 35=/- )+C46(=60)+1 -.)?6. +7 ,).(6 +/ ;- 4= -5)/
6< - 6=
1/?- !
(- = 616(- () -06 )*1 6B).)2) C4) -* 2-+1=61-* 5JB./
2-* =
).61/
,-* 6 6= 06*< 04+/:D)* ) -41=-
061)=/6.() ?4)= =6 +;- )*1 ;- *4@ )/
1-* I* =)?=6* 9/
H6(6* 5).6* (/=)21/
,6* + P!S !RS )+
P S#QS =).
61/,6* I* 5-.7
1/
26* ()2-+2-= =E+2/6

0 -= 1
4?6.< 6* 2-+1
=656=
1/(6* *;- ?)=/
(6* 5).
6 -0/
**;- )=
06+)+1
)() -+1
=656=
1/(6* K L)
)*1
;- =
)?4.6(6* 5).6*)?4/
+1 ).)?/*.
6:;-N

)2=)1
- )/+ !!S PPN()9/+) 6 2-+(4:;- (-* 5=
-2)**-* () 6C4/
*/:;- () 061
)=/
6.() ()9
)*6
5-=56=1)(- -,)=
+-< 5=
),)+(- 62= /
6:;- (6 O

)*562G- -+@
4+1
- + ! S
PP (- /
+/*1
8=/
- (6 )9
)*6 62/
-+6.K L) (- /
+/*1
8=/
- (6
2-+-0/6K LN2=
/66 O

)*562G- -+@
4+1- + T!!S QQQ (-* ) N 65=
-,6 - =
)?4.
60)+1
- /
+1)=
+- (6
K
)+1=)16+1
-@A=
),-?6(-L
O

)*562G- -+@
4+1- + ! #S QQ (-* ) N65=
-,6- 621
46.=
)?4.
60)+1
-/+1
)=+- (6
)=),-?6- + T!!S QQQO

)*562G- -+@
4+1- + RPS QQ! (-* ) N*4B*1
/14/- 5).
6 ?E+2/
6 -=
14?4)*6
() +,)*1/
0)+1
- K L2-0- 0)0B= - (6

5)*6=(6 . )?/
*.6:;- )H/
*1)+1)< +;- )H/*1
) )0 -=14?6.40 2-+@
4+1- () .
/+G6* -=/
)+16(-=6* (6*
A=)6* () /
+,)*1/0)+1- )*1=61
8?/ 26* -4 406 1
6B).
6 () 04.
1/
5./
26(-=
)* /+(/
26(-=6 (6* 5=/
-=/(6()*
+62/-+6/
*

+1=) 6* )05= )*6* C4) 06/* 2-+1=656= 1


/(6* 1E0 / 05. )0)+16(- +-* (/,)=*-* 567*)* ()*1
6260 *)
6* )05= )*6* (-* *1 6(-* +/ (-* (6 08= /26< - 06/ -= )H5-=16(-= () )C4/ 560)+1 - 0/ ./
16=
+2.4)0 *) 6 < 6 < 6 < 6 < 6
-4 6 61=6,8* (6 ) (6 ! " #< 06* 1 60B80 *;-
?)=6(-=6* () 2-+1 =656=1
/(6* /05-= 16+1)* 6 B= /1M+/26 $ < 6 *4)2- B= /1
M+/26
% < 6/*=6)./
16% $%
< 6* 9=6+2)*6* & ) )6= 4**6 ' H/*1
)
6/+(6 40 2-+@ 4+1- () -41 =6* )05= )*6* () 0)+-= (/ 0)+*;-< 2-0- - '
( < 6 ) K*= 6).L)6 K/ +.M+(/6L< 2-0 ?=6+())H5)= /E+2/
6+6/ 05. )0)+16:;- ()
2-+1=656=1/
(6*

* (/=
)21 =/
>)* () 2-+1 =656=1/
(6* (-* (/,)=*-* 567*)* ?)=
6. 0)+1)/+2.4)0 )*5)2/9/
26:D)* *-B=) -*
1/
5-* () 621 /,/(6()* 5= /
,/.
)?/6(6* )H5-= 1
6:D)*< U < 9 -=06:;-< )(426:;-< )12 < -* *)21 -=)*
/
+(4*1= /
6/* 5= /
-=/1
A=/-* 6)=-)*562/
6.< 2-+*1=4:;- +6,6.< *)21-= 641-03,).< *)21-= 9)==-,/
A=/-<
)+)=?/6< 1)2+-.-?/6* () /+9-=06:;-< )1 2 -4 -41 =
6* 5=/-=/
(6()* )*5)27
9/
26* )+,-. ,/
0)+1 - ()
5)C4)+6* ) 08(/ 6* )05= )*6* K *L< )H5-=16:;- () B)0 -4 *)= ,/
:- )*5)279/2-< )1
2 *1
6*

#
*
(/
=)21
=/>)* () 2-+1 = 656=1
/(6* /+2.
4)0 1 60B80 - )) < 6* 5)+6. /
>6:D)* 5-=
/
+2405= /
0)+1 - (6 -B= /
?6:;- () 2-+1=
656= 1
/(6< -* 04.1
/5.
/26(-=)*< 6 0)1-(-.-?/
6 () 2A.
24.- (-*
0-+16+1)* (6* 2-+1=656=1/
(6* -4 6 (/*1
=/B4/:;- =)?/
-+6.(6* 2-+1=656=1
/(6*< 2-0- +-* 26*-* (-
6+6(A)(6 8. ?/26

0 (-* =)*4. 16(-* ()**6* -=/)+16:D)* =)9


.)21) *) +- 9621- () # < V (- ,6. -=(6* 2-+1=656= 1/(6*
/
05. )0)+1 6(6* 5). -* )H5-= 1
6(-= )* (-* < )+1=) PP! ) QQ!< 1 )=*/(- (/=/
?/(6 6- *)21-=(-*
1=6+*5-=1)*! 41=-* *)21-=)* 2-0 6. ?406 = ).
),M+2/6 *;- -* (-* )C4/ 560)+1 -* ).
821 =/
2-* )
).)21=3+/
2-* 2-0 #< V< (6 06C4/ +6=/6/+(4*1 =
/6.2-0 #<#V#< (6* 1 =6+*62:D)* () *)=,/:-* 2-0
<WV ) (-* / +*1=40)+1 -* () 0)(/ :;- ) 6+A. *)R 2-0 <TV
/ 0 2-+@4+1 -< )*1)* 2/
+2- *)21 -=)*
=)5=)*)+16=60 W <!V (- ,6. -=(6* 1 =6+*62:D)* ()2.6= 6(6* 5). -* )H5-=16(-=)* (-* <T - C4)
()0-+*1 =61 6+1- 6 -=/
?)0 *)21 -=/
6.(-* )C4/ 560)+1 -* () ()9 )*6 2-0- 6 5= )9)=E+2/
6 (-* 567 *)*
5-== )2)B)=2-+1 =
656= 1
/(6* C4)61 /+@60 40 ?= 64()/ +1)?=6: ;- 1)2+-.3?/26).),6(-

&4*1= /
6)6 / +.M+(/ 6 *;- (-/ * )H)05. -* () 567 *)* C4) )H/ ?)0 - )+,-. ,/
0)+1 - () * +-*
5=-@)21-* () 2-+1=656= 1/
(6* 06/ -=6?/./(6() (6 26562/ (6() () = )*5-*16.),6 6* * 61 )=)0
40 565).2G6,) @ 4+1 - (6* 06/ -=)* )05= )*6*< )05= )*16+(- .G)* 9.)H/B/
./
(6() +6 )*1=414=6:;- ()
5=-@)21-* /+-,6(-= )* 2-0 / +1
)?= 6:;- 1)2+-. 3?/26 ) ,6.
-=62= )*2)+16(- ).),6(-* - )+16+1 -< 6
(/0)+*;- (6* * 1 -=
+6 6* 0)+-* 61 =621 /
,6* 56=66)05= )*6C4)/ 05. )0)+1 66* 2-+1=656=1/(6*
(),/(- I*46 0)+-=26562/ (6()()6B*-= :;- ()5= -@)21-*< *-B=)14(- -* ()?= 6+()(/ 0)+*;-< )6
04.1/5.
/26:;- (- +J0)= - () / +1)=.
-241-= )* ) 1 =6+*62:D)*< 40 24*1 - 56= 6- 9 -=+)2)(-= ()
2-+1=656=1/(6* 0-(). - C4) 56= )2) )0)= ?/
=+)*1 ) 0-0)+1 - 8 - () 2-+*3= 2/
-* .
/()=6(-* 5-=
?=6+()* )05= )*6* )0 56= 2)=/
6 2-0 )05= )*6* )*1=6+?)/=6* () 06/-=(/ 0)+*;- C4)< 5-=*46 ,)><
*4B2-+1 =
6160 *. -26/* 2-0 2-05)1 E+2/6* (/*1/
+16*

/=
6+(- 56=1
/(- ()40 +7 ,). ())+?)+G)/ =-* )H1=
)060)+1 )). ),6(- )0 PPR - 06/ -=
(- 04+(- < *= 6).-= /)+1-4 6 *46 621 /
,/(6() )2-+30/ 26 ) /+(4*1
=/6.56= 6 *)=,/
:-* ) B)+*
5=-(4>/
(-* )0 *8=/)* 04/ 1
- 5)C4)+6*< 2=/6+(- 2)+1=-* () 2-05)1E+2/6* ) () /+,)*1
/?6:;- )0
2-+@4+1
- 2-0 )05= )*6* () = )9)=
E+2/6 6 +7,).04+(/ 6.2-0- 6 < 6% < 6& )6
+ 0 PPR< V (-* 2/+2- 0/.GD)* () 2/(6(;-* () *= 6).()1/+G60 ?= 64* ()
)+?)+G6=/
6-4-41 =69 -=
06:;- 1 82+/26

41=- 6*5)21 - = ).
62/-+6(- 2-0 6 = )6./
(6() /*=6)./
16 ) -+() *) 5-()= A/()+1 /
9/
26=40 5-+1 - ()
2-+1 621 - 2-0 -= 14?6.(/ >= )*5)/ 1- 6- 62)**- 6-* 0)= 26(-* /+1)=+62/-+6/* -+9=
-+16(6* 2-0
B6= =
)/ =6* 6**-2/6(6* I* = )(4>/ (6* )2-+-0/ 6* ())*26. 62-+*)?4/(6* +- 0)= 26(- (-08*1 /2- )2-0
9621-= )* () +61 4=
)>6 G/ *1
3= /26 C4) . G)* /05)()0 62)**- 6 0)= 26(-* ,/ >/+G-*< 6* )05= )*6*
/*=6)./16* +6 A= )6 2/,/.41 /.
/>60 6* 2-+1 =656= 1
/(6* /+(/
=)216* 2-0- 0)/ - () )+1 =6(6 )0 +-,-*
0)= 26(-* - )+16+1 -< -* = )*4.16(-* () *= 6).+;- *) (),)0 65)+6* I )9 /2A2/6 +6 ?)*1;- (-*
+)?32/ -* ()2-05)+*6:;- 5-=56= 1
)(6)+1 /(6(). -26.K6% ( $ ,%($L
/+,)*1 /0)+1 - (- 567* )0 / +,)*1 /?6:;- ) ()*)+,-. ,/0)+1 - KU L 8 5= 3H/0- () !V (- = -(41-
+1)= +- = 41-< ,6.-= 5= 3H/0- (- +7 ,).(-* *1 6(-* +/ (-*< ) 62/06 (- +7 ,).(- 65;- ) (6
.
)06+G6

-,)=+- (6 -. X0B/65= 61/


26 4065-. 71/
26()2-+1 =656=1/
(6* 40 5-42- (/*1
/+1
6(6?)+)= 6.
/(6()
W
(-* 567*)*< )H/?/
+(- C4) QV (- *)4 ,6. -=*) (/
=/
@6 56=6 5=-@
)21-* () 26=
/>*-2/
6. * =
)*16+1)*
RQV (),)= ;- *)=65.
/26(-* )0 5=-@)21
-* C4),/*)0 - ()*)+,-.,/0)+1- (6/+(J*1
=/66)=
-+A41 /
26(-
567*< )(626562/ (6()(- / +/
*18=
/- (6 )9 )*6)0 56=1/24.
6=

-+1 6+1) 07 +/0- () 6C4/ */:;- C4) @ 4*1/9


/26 6 )H/*1E+2/6 () 2-+1 =656=1/
(6* 0 -= 14?6.< - )*562G- -+@ 4+1- +
! #S QQ 9 /H6)*1 )0-+1 6+1)07 +/0- )0 # 0/ .
GD)* ())4= -*
!
-B= )14(- 5= -(41-* (- *)21 -=6)= -)*562/6.</+2.
4/+(- 56=1 )* ()6)= -+6,)*< 0-1 -=)*< *4B*/*1)06* G/(=A4./
2-* )07 **)/
*
?4/ 6(-*
+2.4/5= -(41 -* 2-0- = 6(6= )*< )C4/560)+1 - () 2-04+/ 26:D)* ) 2-05-+)+1 )* ). )21=3+/2-*< 6**/0 2-0- */ *1
)06*
2-05. )1-* -403(4. -* ()6,/ 3+/26< 2-0- 5-()*)=- 26*- (-* 2/ =24/
1-* /+1)?=6(-*
#
)+* ()265/ 16.4*6(-* 1 6+1 - +65= -(4:;- ())C4/ 560)+1 -* ()()9 )*6< 2-0- 2/,/*
R
*1)*)21 -=160B80 / +2.4/)C4/ 560)+1 -9 -1-?=A9/
2- )351 /
2- )= ).3?/-*
T
6(-* (- )56=10)+1-9 -00)= 2)K QQ#L
W
* )H)05. -* 65-+1 6(-* *;- 6 / 05.)0)+1 6:;- () 24.14= 6* 6?=7
2-. 6* 6.
1)=+61/,6*< 6 =)6B/ .
/1
6:;- ) 6 5= -0-:;- (6
)05= )?6B/ .
/(6() (-* ()9 /
2/)+1 )* (6* 9 -=:6* 6=06(6*< / +*1 6.
6:;- () / +(J*1=/
6* 2656>)* () 2= /
6= 9-+1)* () )05= )?-
6. 1
)= +61 /,6*< ()*)+,-. ,/0)+1 - () */ *1)06* () 1 =6160)+1 - () A?46 -4 6/ +(6 5= 31)*)* ) -41 =-* ).)0)+1 -* 56=6
= )245)= 6:;- -=1-58(/26< )*5)2/ 6.0)+1 )56= 6-* ()9 /
2/)+1)* (6* 9-=:6* 6=06(6*

R
* 2-+2.4*D)* ()40 )*1 4(- (6 " 56=6- 26*- G-. 6+(E* =),). 60 C4)< )0 08(/ 6< -
24*1- (6* 2-+1= 656=1/(6* =)5= )*)+16 <PV (- ,6. -=(6 6C4/ */:;- ) C4) - / 05621 - 9/
+6.*-B= )-
5=):- 2-==)*5-+() 6 <RV - 1-26+1) 6-* 6*5)21-* C46./
161 /
,-*< - = ).613=/- 96> =)9)=E+2/
6I
62404. 6:;- () 2-+G)2/ 0)+1 - ) I 0). G-=/
6 (6 5-*/:;- () 0)= 26(- (6* )05= )*6* G-.6+()*6* (-
*)21-=(6()9 )*6C4)56= 1/
2/56= 60 )0 5= -?=606* ()2-+1 =656=1/(6* /
+. M+(/61 60B80 )9 )21
4-4
)0 PPP 40 )H)= 27
2/- ()6,6. /
6:;- (- /05621- (6* 2-+1=656=1
/(6* *)0). G6+1 )6- G-. 6+(E* 56=66
P
26*- (6 6C4/ */:;- () 6,/ D)* () 2-0B61 ) -.$#/0 I & & < 1)+(- )**6 64(/ 1
-=/6
=),).6(- C4)- 24*1 - (- 2-+1 =61- 640)+1 -4)+1 )!V )RV Q (),/
= (- I* 2-+1 =656=1/(6*

6B).6 .
/*16 -* 567 *)* C4) = )2)B)=60 06/ -=)* 2-+1 =656=1/(6* () )05= )*6* (-* +-
5)=7-(- () PP! QQ! ) -* = )*5)21 /,-* 04.1/
5./
26(-= )* * 567*)* C4) 06/ * 2-+1=
656=1/(6* 1E0
6B*-= ,/
(- *;- - )/+- +/
(- ) 6 / +.M+(/
6< *)+(- C4) - 5= /
0)/ =- 65-*1 6 *-B=)14(- +6*
2-+1=656=1/
(6* (/ =)21 6* . /
?6(6* I *46 5= 35=/6 /+(J*1 =/6 () ()9 )*6 ) - *)?4+(- 65-*1 6
)**)+2/6.0)+1))0 2-+1 =656=1/(6* /+(/=)21
6* 0 2-+@ 4+1 -< )*1)* (-/* 567*)* =)2)B)=60 !Q< V (-
1-16. () 2-+1=656= 1/(6* /05. )0)+1 6(6* 5).-* < ) 2-+1 6B/./
>6=60 #<PV (-* 2= 8(/1-* ()
2-+1=656=1/
(6*< 5)= 2)+16?)0 / +9)=/-=5-= C4) )*1)* 567*)* 41 /
./
>60 04. 1/5.
/26(-=)* 04/1- 5=3H/0-*
()40 )< 5-= 1
6+1 -< 6B6/ H- (608(/ 6

6B).
6 F 6/
-=)* =
)2)51
-=)* ()2-+1
=656=
1/(6* ())05=
)*6* (-* K PP! QQ!L

6.
-= 6.-= 6.
-= 6.-=
67
* 4.
1/
5 67
* 4.
1/
5
05.)0 =)( 05.)0 =)(
)/+- +/ (- # QQW # Q!T <QQR 4= C4/6 WTP P! <Q#P
/
+.M+(/6 ! W ! #W <QT ! 6/Y6+ W RTP <Q!W
! *= 6). ! QQ! ! R <Q .)06+G6 T T <QQQ
-.6+(6 RT# Q Q < QQ # -= 4)?6 TQW PW <!WP
# -= )/6(- 4. RQQ P <!! R / +606= 26 ## #! < T!
R = 82/6 !R ! <#QW T = 6+:6 !W TP# <W
T 47 :6 PW QT <QQT W 6.A*/6 P# !!Q < W
W 6+6(A !! ! Q<PPW P 8. ?/26 #T TW <QW!
P 4*1 =A.
/6 ! R <Q -16. R QWQ ! ! W < Q
Q 1 A./6 Q <Q ! -(-* 567*)* T QPQ ! WQ <
*56+G6 Q## PR < W K RL
6.-=)* )0 0/ .GD)* ()(3.
6=)*
-+1)N 9 9*)1*/+1 G) )9)+*) =6()< /
+1G*1
4(Z5=
)56=
)(BZ )56=
10)+1-9 -00)=
2)

6B). 6 65=)*)+16 6* 5)=2)+16?)+* () 2-+1 =656=


1/(6* () )05=)*6* +-=1) 60)= /
26+6* )0
=).
6:;- 6- 5= ):- ()6C4/*/:;- (-* )C4/
560)+1 -*< B)0 2-0- -* 04. 1
/5.
/26(-=)* 08(/-* (-* 567
*)*
&4*1 =
/6. /
()=6 2.6=60)+1 )61 6B).6 2-0 6 06/ -=5)= 2)+16?)0 () 2-+1 =
656=1/
(6* K T VL06*<
65=)*)+161 60B80 - 0)+-=(-* 04. 1/
5./26(-=)*< C4) 8 0)*0- +)?61 /
,- KQ<W L 41 =-* 567
*)*<
2-0- 6 -. 6+(6< &9=/
26(- 4. < =82/6) 482/ 6160B80 = )6./
>60 2-+1=
656= 1/
(6* )0 ,6.-=*45)=/-=
6- (- 24*1- ()6C4/ */
:;- (-* )C4/560)+1 -* 0/./
16=)*

-=-41 =- .6(-< 5-() ,)=/


9/
26=*) C4) - 04. 1
/5./26(-=8 04/ 1
- ).),6(- +- 26*- 5-= 14?4E* K <PPL
<
06* C4)< 0)*0- 6**/ 0< *3 T<PV (- ,6. -=(6* 2-+1 =656=1/(6* 8 C4) 9 -/2405=/(-N1 =61
6 *) (-
,6.-=06/ * B6/H- ()1-(66 4= -56 *1 )(6(-< 6**/ 0 2-0- 6*/ 146:;- (6)2-+-0/ 65-= 1
4?4)*6)0
1)=0-* () ()*)+,-. ,/0)+1- =).
61/
,-< 65-+1 60 56= 6 6 4= ?E+2/6 () 406 5-. 71
/26 +62/-+6.()
2-+1=656=1/(6* C4) 9
6:6 *)+1/=6* *46* -=/
)+1 6:D)* 6 +7,).(6* +)?-2/ 6:D)* /
+/2/
6/* )1 60B80 6
+7,).(- 62-056+G60)+1 - (6/05.)0)+1 6:;- (-* 5=-@)21-* 2-+1=616(-*

P
*161=6+*62:;- 2-.
-2-46 /+.M+(/
6)+1
=)-* 5=
/+2/
56/
* B)+)9
/2/
A=/
-* (6* 2-+1
=656=
1/(6* (),/
(6* 5-=)05=
)*6* (-*
)+1 =) PP! ) QQQ
Q
6(-* (- ( ! 1))

T
6B).
6 F )=
2)+1
6?)0 ()2-+1
=656=
1/(6* ())05=
)*6* (-* K PP! QQ!L

)=2)+16?)0 () )=2)+16?)0 ()
67
* 4.
1/
5./
26(-= 67
* 4.
1/
5./
26(-=
-+1=656=1
/(6* -+1=656=1/
(6*
&4*1=/
6 T < V Q<W 8.?/
26 WQ< V <QW
-.6+(6 Q<#V < 47:6 TW< V <Q
&9=/
26(- 4. R<TV <QQ -=)/6(- 4. R!<TV <!!
=82/6 Q<QV <# /+?654=6 #W<!V < #
482/6 Q!<PV < ! 4=C4/6 #T< V <QR
/+606=26 QQ<QV < T ##<!V <!!
/
+.M+(/6 QQ<QV <QT *=6). P< V <Q
.)06+G6 PP<PV <QQ 4*1=A./
6 #<RV <Q
-=4)?6 PP<#V <!P 6.A*/6 !T<!V <
1
A./6 P!<WV <Q =AB/6 64(/
16 ! <PV
)/+- +/(- P <RV <Q [4Y6/ 1 !Q< V < W
*56+G6 WW< V < ! -= 14?6. T<PV <PP
=6+:6 W <RV <W 6/ .
M+(/6 R<RV <RQ
6+6(A W!< V <QQ 6/ Y6+ <TV <Q
-+1)N 9
9*)1
* 61
6B6*)

6 6B).6 !< 6* 08(/


6* 04+(/6/
* 2-0 9
-=+)2)(-=
)* 60)= /
26+-* 56=6- 5)=7
-(- () PP! 6 QQ!
0-*1=60 C4) - 8 - C4) 1
)0 6**-2/6(- 40 06/-=04. 1/
5./
26(-=< 2-0 40 ,6.-=() < WP<
*)?4/
(- 5).
69-=06:;-< 1
=6+*9
)=E+2/
6()1 )2+-.-?/
6)5= -(4:;- *-B./2)+:6

6B).
6 !F 4.
1/
5./
26(-=
)* 5-=261
)?-=
/6()2-+1
=656=
1/(6K PP! QQ!L

%&
'()*
+% ,-
&+.-
+/%0)*

-05= 6* <QP#
4B2-+1= 61
-* < W
=6+*9)=
E+2/ 6()1)2+-.
-?/6 <!QT
41=6* <#Q!
=6+*9)=
E+2/ 6()2=8(/
1-* < !
-=06:;- <TR!
< WP
- 5=-(4:;- < Q!
=-(4:;- *-B./2)+:6 <!Q
-+1)N 9
9*)1* 616B6*)

$ " 1

5-.71/26 () 6C4/ */
:D)* +6 A= )6 0/ .
/16= (),) -= /
)+16= 6* 2-+1 =656=1/(6* () 406 9 -= 06 C4)
(/**)0/ +) -* B)+)9 7
2/-* 6 40 2-+@ 4+1 - 6.6= ?6(- () *)21 -=)* 6(- - 26= A21)=1=6+*,)= *6.C4)
5-()0 6**40/ =< 6* 2-+1 =
656= 1 /
(6* *;- 40 / +*1=40)+1 - 9
4+(60)+1 6.56= 6 6 5-.7
1/
26 () / +-,6:;-
* 5=/-=/(6()* )*1 6B).)2/(6* 56= 66()9 )*6(),)= ;- *)=62-056+G6(6* 5). 6()9/+/
:;- (- 565).(6
/+(J*1 =/6 . -26. F C4)= *) 1 =61) () / +(J*1 =/6* () ()9 )*6 -4 -41 =6* F +- 65-/ - 6- *)4
()*)+,-. ,/0)+1 - )9 6B= /
2- 4*1=A./
6 ) - 65;-< 567 *)* 2-0 406 9 =
)+1 ) () 2-*16 */
?+/ 9/
261/
,6<
2-+2)()= 60 5= /
-= /
(6() 6- ()*)+,-. ,/0)+1 - )+(3?)+- () 1 )2+-.-?/ 6* () =)2-.G6 ) 1
=6160)+1 - ()
*/+6.56= 6 -5)= 6:D)* () -B*)= ,6:;- (6 2-*1 6 *= 6).-51-4 5). 6 )*5)2/6./>6:;- )0 ()1 )= 0/+6(6*
26562/ (6()* -5)= 62/
-+6/* *45-= 16(6* 5). 6/ +(J*1 =
/6.-26.)0 C4) - 4*- () */ *1)06* 351 /
2-* )0
6)= -+6,)* 2-+*1 /14/40 (-* )H)05. -*< 2-0 61 )2+-.-?/
61 =6+*9)=/(66*)=6(651 6(665= -(41-* ()
65. /
26:;- 2/ ,/. 2-0- )C4/ 560)+1 -* 08(/ 2-*< ?)= 6+(- +-,6* )H5-= 16:D)* () ). ),6(- ,6. -=
62= )*2)+1 6(- )9-=:6 *)< ()*1 6 9 -=06< - )9 )/
1- 04. 1
/5./
26(-= 6**-2/ 6(- I 6**/ 0/ .
6:;- ()
1)2+-. -?/ 65). 6/+(J*1 =/
6. -26.< 6**)+1 )+- 9 621 - ()4060)*061 )2+-.-?/65-()=*)=41 /
./>6(6+40
+J0)= - ).),6(- ()5= -(41 -*

- .
6(- (6* /+(J*1
=/6* () ()9
)*6< -* 5=-@)21
-* () 2-+1
=656=
1/(6* (),)=;- *)=-=/
)+16(-* 56=66
6C4/
*/:;- ()+-,6* 2-05)1E+2/6* 2656>)* +;- *3()65-/6=6-5)= 6:;- (- )C4/560)+1-< 2-0- ()

W
5=-(4>/=+-,6* *-.
4:D)* 1
)2+-.
3?/26* C4)0). G-=
)0 )**60)*06-5)=6:;-< 5-*/
2/-+6+(- +- 9
414=
-
)**)* /
+1)=
,)+/)+1)* +62/
-+6/
* )0 2-+*3=2/
-* C4)()*)+,-.
,60 5=
-(41
-* *4B*1/1
41-*

- 26*- 5-= 14?4E*< )*166B-= (6?)0 5-()= A*)=65. /


26(6()/ 0)(/ 61- 6- 5=-2)**- ()*4B*1/14/:;- )
5-*1 )=/
-=0-()= +/>6:;- (-* 6,/D)* ()561 =4.G60)+1 - 06=71/
0- ! = /
-+< 56= 6- C46.*))*5)= 640
*4B*1 /1
41 - 24@- ()*)+,-. ,/0)+1 - )*1A@ A )0 24= *-< )*5)=6+(- *) - / +72/- (6 *46 -5)=6:;- )0
Q +()5)+()+1 )0)+1 ) (- 9 414=- ,)+2)(-= (- 2-+24= *- () 0-()= +/>6:;- (6 9=
-16 () !
+62/ -+6.< -= 14?6.5-()= A()9 /+/=2-0- 5= -@)21- )*1
= 61
8?/2- 61 =6+*9)=E+2/6()1 )2+-.
-?/656= 640
2-+@ 4+1- ())05= )*6* +62/-+6/* F +6A= )60/ ./
16=-42/ ,/. C4)< +406. 3?/26()= )())608(/ -)
.-+?- 5= 6>-< 5-**60 +;- *3/ +1= -(4>/=0). G-=/
6* +- 62146.*/*1)0606* 1 60B80 5-*/ 2/
-+6= )0 *)
+6* 26()/ 6* /
+1)=+62/-+6/* C4)1 =6B6.G60 @A+- 5= -@
)21- (- 6,/;- *4B*1 /
141-

- 5-+1 - () ,/*1
6 (6 ?)=6:;- () )9
)/1-* )*1=41
4=6+1 )* +6 )2-+-0/ 6.-26.< 6 ?)*1
;- ()*1)1 /
5- ()
2-05)1 E+2/6* (),)=)9-=:6=6B6*)1 )2+-. 3?/26(/*5-+7,).61 =6,8* ()4066+A. /
*))0 2-+1 7
+4- (6*
-5-=1
4+/ (6()* -+() 5= ),6.):6 406 .
3?/26 () (45. - 4*-< 6 5=-24=6 () )2-+-0/ 6* () )*26.
6 ) ()
+-,6* 65./26:D)* 56=
661 )2+-.-?/
6(/*5-+7 ,).

) 0-(- 6 ?6= 6+1


/=)*1) )9)/1
-< 6 5=/
0)/ =6 0)(/(6 5= -5D) C4) -* 5= -?=606* () 2-+1 =656= 1/
(6*
*)@60 ?)= /(-* 5-=)C4/ 56* 5)=06+)+1 )* ) )*1A,)/*< ) 2-0 40 +7 ,).() )*5)2/6./
>6:;- ). ),6(-
),) *)=5= /
-=/(6() 6 -B1)+:;- () 26562/(6() () 6+A. /*) C46+1- I* (/+M0/26* (-* 5=-2)**-* ()
2-+1=656= 1
/(6*< 5)=0/1
/+(- 6 )**6* )C4/ 56* 1)= 40 565).2G6,) +6 5= )56=6:;- (-* 1)= 0-* ()
=)9)=E+2/6 (-* 2-+24=*-*< +6 +)?-2/ 6:;- (6* 5= -5-*1 6*< ) +- 62-056+G60)+1 - 5-*1 )=/-= (6
2-+2= )1
/>6:;- (6* 2-+1=656=1/
(6* 2-+@4+1- ()*1)* 9621-=)* 2-+1=
/B4/56= 6 406 /+1)=
,)+:;- C4)
=)?4.) ) 62-056+G) -* 5= -@)21-*< 06* 160B80 ()9 /+6 # ) 5=3 621/
,60)+1 ) 6* 5=/-=/(6()*
56=66)2-+-0/ 6+62/-+6.

6=
61 -=
+6=06/ * )9
/26>662:;- (6* )C4/56* 62/
060)+2/ -+6(6*< 8+)2)**A=/
- 6()9/
+/:;- ()406
0)1-(-.
-?/6 56=6 6 6,6./
6:;- ) 62-056+G60)+1 - (-* 5= -@)21
-* () 2-+1=
656=1
/(6* C4) *)@ 6
1
=6+*56=)+1
) ) *)C4)+2/
6. * 5= -@
)21-* 5=-5-*1-* *3 *)=;- 2-+,)+/
)+1
)0)+1 )/05.)0)+1 6(-* *)
9
-=)0 *4@)/
1-* 640 62-056+G60)+1 - 5=3H/0- )= /
?-=-*-

6=640 B-0 65= -,)/160)+1 - (6* -5-=14+/(6()* 65=)*)+16(6* 5).6* 2-+1


=656=1/
(6* 6**-2/
6(6* I*
6C4/*/:D)* 0/./
16=)* )0 24= *- ) 5= ),/*16* +- 9414=- 5=3H/0-< 8 +)2)**A= /
- ()9 /
+/= A=)6* ()
/
+,)*1 /0)+1- )*1=
618?/26* 56=6 -= 14?6.< B)0 2-0- 6* 1 )2+-.-?/6* 6()C46(6* 56=6 )**6* A=)6*<
5=/
,/.)?/6+(- 61=6+*56=E+2/6()5= -2)**-* )2-+1 6+(- )0 1-(-* -* 56**-* 2-0 406,6. /
(6:;- (6
B6*)1 )2+-.3?/
26)/ +(4*1=/6.+62/-+6.

()9/+/
:;- ()A= )6* ()/
+,)*1
/0)+1- )*1=618?/26* 56=
6 -= 14?6.5)=0/1/=A-=
/)+16=-* 5= -@
)21-* ()
2-+1=656=1/
(6* ()9 -=06606H/ 0/
>6=- = )1-=+- )2-+30/2- 56=6 -= 1
4?6.'5= /
-=/1
A=/- ()9/
+/=A=)6*
)*1=
61 8?/
26* 56=66)2-+-0/ 6+62/
-+6.< 5=-2)**- C4)5-()*)== )6.
/>6(- )0 1
=E* )1656*N

6=621)=
/>6:;- (6 B6*) 1 )2+-.3?/26 ) /
+(4*1
= /
6.+62/-+6. ()+1 /9
/26:;-< 26=621
)= /
>6:;- )
5-*/
2/-+60)+1 - +- 2-+1)H1- 04+(/ 6.(6* )05=)*6* )/+*1/1
41-* ()/+,)*1/?6:;- +62/-+6/
*<
56=6 065)60)+1 - (-* 621 -=)* F 62146/
* ) 5-1)+2/
6/* F< (6* *46* 2-05)1 E+2/6* ) (6*
,6+16?)+* 2-05)1 /
1/,6* +62/-+6/*O

*14(- (-* 5=/


+2/56/* 0)=26(-* )0 C4) 6 /+(J*1=/
6 +62/
-+6.621 46 ()+1
/9/
26:;- (6*
1)+(E+2/
6* )(- 5-1)+2/6.()2=)*2/0)+1
- (-* *)21
-=)* ()0)=26(- )0 C4)6/
+(J*1 =
/6)-
*/*1
)062/ )+1
79/
2- )1)2+-.3?/
2- 621
460O

-0 B6*) )0 L) L < ()9/


+/=6* A=)6* )*1
=61
8?/26* 56=
6 -= 14?6.2-0- 6C4).6* )0 C4)
)H/
*1)40 ).),6(- 5-1
)+2/ 6.
<16+1- (- .
6(- (6B6*)/+(4*1=/
6.< 2-0- (- .
6(- (- 0)=26(-

41=6* A=)6* )*1


=618?/26* 5-()=;- *)=/()+1/
9/
26(6* )0 94+:;- (- 2-+1)H1- ?)-5-.71
/2- +62/
-+6.)
04+(/ 6. -=)H)05. -< - 26*- (6* )+)=
?/6* =
)+-,A,)/* C4)< /
+()5)+()+1 )0)+1 ) (- *)4 5-1)+2/6.
() 0)= 26(- -4 (6 B6*) +62/ -+6.69)216 6- *)21-=< *;- )*1=
618?/26* 5-= 2-+(/ 2/
-+6+1 )* (6
*4*1
)+1 6B/.
/(6() )2-+30/ 26 5).6= )(4:;- (6 ()5)+(E+2/ 6 )+)=?81/
26 ) 640)+1 - (6 )9/2/E+2/
6
)+)=?81/26

P
0 56= 6.).-< 56=6 6* A= )6* )*1=618?/26* /()+1
/9/
26(6*< 8 +)2)**A= /
- ()9/+/= 6* 1)2+-.-?/6* )0
()*)+,-.,/0)+1 - C4) *) 5)= 9/
.60 2-0- 6* 6()C46(6* +40 G-= />-+1) () Q 6 Q 6+-* )*1)
26571
4.-< (),) *)=(6(6 )*5)2/ 6.E+9 6*) I 6+A./*) () -5-=14+/
(6()* 6**-2/ 6(6* I )H5.-=6: ;- ()
1)2+-.
-?/6* +406. 3?/26()(45. - 4*-< -4*)@ 641/.
/>A,)/
* 6- 0)*0- 1 )05- 56= 65= -(41-* 2-0 9 /
+*
2-0)= 2/
6/* )0/ .
/1
6= )*< - C4)5)= 0/ 1
))9 )/1-* ())*26.656=66/ +,)*1/?6:;- )()*)+,-. ,/0)+1 -

-0 B6*)+6* A=)6* )*1=


618?/
26* /()+1
/9/
26(6*< 5-()56**6=*)I9 6*)()/()+1/9
/26:;- ()5=-@
)21-*
() /+1
)=)**) +62/-+6.2-0 )9 )/
1- 0-B/ .
/>6(-= ) )*1
=414=6+1
) +6 )2-+-0/6< C4) 5= -0-,60 -
()*)+,-.,/
0)+1- () 2-05)1 E+2/6* (/
*1/+1/
,6* +6 /+(J*1=
/6 +62/
-+6.) 2-+1=/B460 56= 6 6 *46
)*1=
414=6:;- )5-*/2/
-+60)+1- +- 0)=26(-

* 5=
-@)21
-* ()2-+1
=656=
1/(6* 5-()0 ?)=
6=(-/
*1/
5-* ()B)+)9
72/
-*N

0 5=
-94+(/
(6()F 5)= 0/1)0 I* )05=)*6* ),-.
4/=+62-05.
)H/
(6()(6*46-9
)=1
661
=6,8*
()40606/ -=*-9
/*1
/26:;- 1)2+-.
3?/26(-* 5=-(41
-*O

0 )H1)+*;- F 5)=0/1)0 I* )05= )*6* 406 ),-.4:;- )0 C46+1


/(6() 61
=6,8* (-
65=
-,)/
160)+1- ()+-,-* 0)=
26(-* )())2-+-0/6* ())*26.
6

**/
0 5= -5D) *) 6 ()9 /+/
:;- () 406 1 6B).6 () 04. 1/5.
/26(-=
)*< 406 ,)> C4) - ,6.-= (-
04.1/
5./
26(-=61=/B47(- 6 26(6 261)?-=/
6 () 5=-@)21- () 2-+1=656=
1/(6* =
)9.
)21
) 6 *46 /
05-=
1M+2/
6
=
).61/
,656= 6- 567*< ),/
()+2/6+(- 6**/
0 C46/* 6* 261)?-=/
6* C4)*;- ()06/ -=/+1
)=)**)

()9/
+/:;- () 406 1 6B).6 () 04.1
/5./
26(-=)* 5-=A= )6 () /
+,)*1/
0)+1 - )1 /
5- () 5=-@)21- ()
2-+1=
656=1/(6* 5)=0/1) 6./
+G6= 6* 5= /-=/
(6()* +62/-+6/
* ) -* / +1)=
)**)* (-* (),)(-= )* ()
2-+1=
656=1/(6*< 24@
- -B@)21/
,- 8 =
)6./>6= - 06/-= ,-.40) () 2=8(/
1-* () 2-+1=656=
1/(6* 2-0 -
0)+-= / +,)*1/0)+1- 5-**7,). 6 ). 6B-=6:;- (6 1 6B).6 () 04. 1/5.
/26(-=)* (),)=;- *)=
2-+*/
()=6(-*N

)21
-=)* )1
)2+-.
-?/
6* )*1
=61
8?/
26* 56=
6 -=
14?6.
O

1/
5- () 9)==60)+16 56=
6 2-+2=)1/
>6:;- () 2-+1
=656=1
/(6*< *)@6 +,)*1/0)+1- /
=)21
-
*1
=6+?)/
=-< 1
=6+*9
)=E+2/6()1)2+-.-?/
6< 1
=)/
+- )9-=06:;-< *4B2-+1=
616:;-< )1
2O

-**7
,)/
* )9
)/1
-* ()6?.
-0)=
6:;- ?)-?=
A9/
26)*)21
-=/
6.O

*9
-=:
- (- (),)(-=()2-+1
=656=
1/(6* +6=
)6.
/>6:;- ()26(61
/5- ()5=
-@)21
-

* 04. 1
/5./
26(-= )* 5)=0/1)0 C4)6()1 )=0/+6(-* 5=-@)21
-* *)@661=/B47(- 40 ,6.-=56= 6)9)/1
-* ()
2-+1 6B/.
/>6:;- +6 26= 1
)/=
6 () 2-+1 =656=
1/(6* =)6.
/>6(6* *45)=/-= 6- *)4 ,6. -= () )H)24:;- *
)05= )*6* 9-=+)2)(-= 6* 1)+()=;- 6**/0 6 5=-5-=-* 5= -@)21
-* C4) . G)* 5)=0/160 2405= /
=06/ *
=65/(60)+1 ) 6* -B= /
?6:D)* 2-+1=67
(6* H/ *1
)0< (- 0)*0- 0-(-< 04. 1
/5.
/26(-=)* +)?61/
,-*< /
*1-
8< 2-0 ,6. -=/+9)=/-=6 < ()9 -=066()*)+2-= 6@6=()1)=0/+6(-* 5=-@)21-*

)+(- 6**/ 0< 6 ()9 /


+/:;- () 04. 1/
5./
26(-=)* () 2-+1 =656=1/(6* 8 40 )H)= 272/- 2-0 40 ?= 64 ()
*4B@ )21/
,/(6() ).),6(- ) 6 ,6. -=6:;- 6 61=/B4/=6 26(6 2= /
18= /
- ()5)+()= A< 6+1)* () 06/*< (-
-B@)21 /
,- C4) *) 5= )1)+() 6.26+:6=2-0 )**6* 0)*06* 2-+1 =
656= 1/
(6* 0 04. 1
/5.
/26(-=).
),6(-
/+(/26I* )05= )*6* 9-=+)2)(-=6* C4)- 5= -@)21- 85=/-=/1
A=/- 56= 6- 567* ))*16* 1)+()=;- 65=-5-=
)**) 1 /
5- () 5= -@)21-* 5-/* 2-==)*5-+()=;- 6 40 / +,)*1 /
0)+1 - =)6.5-=56= 1
) (6 )05= )*6 06/*
B6/H- )+(- 6**/ 0< +6 ()9 /
+/:;- (-* 04. 1
/5./
26(-=)* 1)0 () *) 1 )=)0 2-+1 6- # )
))+1=)6
/+(/26:;- () *)21 -=)* 5= /
-=/1
A=/-* ) - / +,)*1/0)+1 - C4) *)= A )9)21/,60)+1 )= )6./
>6(- 5).6*
)05= )*6* (),)(-= 6* ()2-+1 =
656= 1/
(6*

- +7,).-5)= 62/
-+6.< 6 2-05)1 E+2/6 (-* 567*)* +6 ()9/+/
:;- (-* 04.1/
5./26(-=)* 8 ,/*16 5).6*
)05=)*6* 9-=+)2)(-= 6* 2-0- 04/ 1- /
05-= 16+1) 56=6 6 -51/
0/>6:;- (-* *)4* =)24=*-* ) 56= 6-
6.
/+G60)+1 - (-* *)4* )*9-=
:-* 2-0 6* 5=/-=
/(6()* (- 567
* 2-05= 6(-= 5= A1 /
26()0-+*1 =6C4)6*
/
+*1/
14/:D)* 5JB./26* F () +61 4=)>6 9-=06.-4 / +9-=06.F ) 6 2-05)1 E+2/6 (-* /+1)=.-241-=)*

Q
5JB./
2-* *;- 9621
-=)* 6,6. /
6(-* 5). -* )H5-=16(-=
)* +6 ?)*1 ;- (-* -= :60)+1
-* 56=6 -
()*)+,-.,/
0)+1
- () 5=-?=606* () 2-+1 =
656=1
/(6* -=)*1 6= 6>;-< 9
/26 06/
* 406 ,)>),/
()+1)6
+)2)**/
(6()())*5)2/6.
/>6:;- (6* )C4/
56* ()6,6./
6:;- ()2-+1=656=1/
(6*

2=/
6:;- () 406 -. *6 () -+1 =656=1
/(6* 5)= 0/ 1
)6/ ()+1/9/
26:;- 2-+1 7
+46 () 5= -@)21-* ()
2-+1=656= 1/
(6*< C4)=)*1 )@60 -4 +;- 6 ()2-= =)=2-+24= *-* 5JB./2-* () 6C4/ */
:;- () )C4/ 560)+1 -
0/ .
/1
6= *1 6 -.*65)= 0/ 1) 6- 9-=+)2)(-=() )C4/ 560)+1 -* /()+1 /
9/26=5= -@
)21-* () 2-+1 =
656= 1/
(6*
C4)*)@ 60 2-+*/()=6(-* )*1 =618?/2-* 56=6 -=14?6.)C4)5-**60 *)=1 60B80 (- *)4/ +1)=)**)-4
() )05= )*6* 2-0 ). )=). 62/
-+6(6* @4(6 6/
+(6 6 -= /)+16= +,)*1 /0)+1 - /=)21- *1 =
6+?)/ =- 56=6
)05= )*6* C4) 5-**60< 653* 6(@ 4(/
26:;-< 56=1/2/56=)0 5= -@)21-* 2-0 6 )05= )*6 9
-= +)2)(-=6
C4)=*)@ 60 /+(J*1=/6* () ()9 )*6 -4 2/,/
* ) 5)= 0/ 1) 6= )6./
>6:;- () 5= -@
)21-* () 2-+1 =
656= 1/
(6*
6+1)* ()*)*6B)=6C4))05= )*6,6/*)=6(@ 4(/26(- - 9-=+)2/0)+1 - (- )C4/560)+1 - 0/ .
/1
6= )*1 )
J.1/
0- 26*-< -* 5= -@)21-* = )6./
>6(-* 5).6 )05= )*6 ,)+2)(-= 6 6+1 )* (6 6(@4(/26:;- *)= ,)0 ()
2=8(/1- 6- 2-+1=61
- ()2-+1 =
656= 1
/(6* )+1=)1
6+1- )*1 6B).)2/(-< 9
4+2/ -+6+(- 6**/0 2-0- 4069 -=
06
()6+1 )2/56=6?)= 6:;- (),6. -=56= 66)2-+-0/ 6

- (/ +60/>6= ) 62). )=6= 6 2-+2= )1/


>6:;- (-* 2-+1 =61-* () 2-+1 =
656=1/
(6*< 6 -. *6 ()
-+1=656=1/
(6* 2-+1=/
B4/56= 6 6 )H)24:;- 2-05.)1
6()*1 )* 2-+1=61-*< B)0 2-0- 56= 6 6C46. /(6()
(-* 5=-@)21-* ()*)+,-.,/
(-* 5)*6= (6 -. *6 () -+1 =656=1
/(6* )*1 6= 5=),/
*16 +6 .)?/*.6:;-
5-=14?4)*6< 8 94+(60)+1 6.6 *46 (/ +60/>6:;- 56=69-0)+1 6= 6 41 /
./
>6:;- 5).-* (),)(-= )* ()
2-+1=656=1
/(6* ) 5).6/+(J*1 =
/6 +62/-+6. -.
*6 (),)=A 2-+*/ ()=6= 1=E* 1
/5-* () 5=-@)21-*< 6
*)=)0 ,6./
(6(-* 5).6 N

* 5=-@
)21 -* () /
+1)=)**) +62/-+6.
< 5=-5-*1
-* 5).6 < 56=6 *)=
)0 2-+*4.
16(-* 5).-*
5-1)+2/
6/* (),)(-=)* ()2-+1=656=1/
(6* )5).6/+(J*1
=/6+62/-+6.+65= -24=
6()56=2)=/6*O

=-@
)21 -* 5=-5-*1-* 5).
-* (),)(-=
)* () 2-+1
=656=
1/(6* )0 9
6*)* 6+1
)=/
-=)* 6- 2-+24=
*-
K
5= 8 2-+1=656=1/
(6*LO

=
-@)21
-* 5=
-5-*1
-* 5).
6/+(J*1
=/6+62/
-+6.

- 2-+1)H1- (6* 6C4/


*/:D)* 2-+1)05.6(6* +6 )/() =-?=
606:;- / .
/1
6=< 6 -.
*6() -+1=656=1
/(6*
5)=0/1) /()+1/9
/26= 56=2)/=-* =).62/
-+6(-* 2-0 - 5-1)+2/ 6. (),)(-= () 2-+1
=656=
1/(6* 56=6
-51/
0/>6:;- (-* 2-+1621-* 6)9 )21
46=)5= -@)21
-* 65=
-5-=< +-0)6(60)+1 )N

0 9 4+:;- (-* 5=-?=


606* () 6C4/
*/:;- 5=
),/
*1-*< /
()+1
/9/
26=-* 5-1
)+2/
6/* 9
-=+)2)(-=
)*
(-* )C4/560)+1 -*O

6=
6 26(6 5-1)+2/
6.9-=+)2)(-=
< /
()+1/
9/26=6 *46 =
)() () 2-+1
621
-* 5=
/,/
.)?/
6(-* 56=
6
/
()+1/
9/
26=56=2)/=
-* ))*1=41
4=6=5=-@
)21-* ()9
-=06)H5)(/16

(/+60/>6:;- 56**6160B80 5-=96> )==)9


)=E+2/6I)H/ *1
E+2/6(6 -. *6() -+1 =
656=1/
(6* @4+1- ()
5-1)+2/
6/* 2-+2-==)+1
)* 62-+24=
*-*< )+C46+1-/+*1
=40)+1 - C4)0-1 /,)62-+2=)1/
>6:;- 6+1)2/
56(6
() 5=-@)21
-* () /+1)=
)**) )*1
=61
8?/2- 56=6 -=14?6.< 2-0- 8 - 26*- (- )H)05.
- C4) 6 *)?4/=*)
65=)*)+16
*
)2'/&
)

' ( K L) 6 < 40 ?=4560)+1 - -05. )0)+16= () 05= )*6*


K L+62/-+6.
< 6**/
+6=
60 )0 6/ - () PPW 40 ) ,/
*6+(- 62-+*1/
14/
:;- (-
5-=1
4?4E* 2-0- 2= )(-=() 2-+1=656=
1/(6* +- 5=
-2)**- () 6C4/
*/:;- () +-,-* *4B06=/
+-* 56=66
6=
/+G6

)**)0-0)+1 -< - 2-+24=*- ()6C4/*/:;- (-* *4B06= /


+-* 6/+(6+;- )*16,6()2/(/
(- 5).- C4))*1)56**-
2-+*1/1
4/4406*/ 146:;- ()5= 8 2-+1=656=1
/(6*< /
*1- 8< 2=
/6,6 *)406B-. *6()2=8(/
1-* 64*6=5).- +-
26*- ().G)*)=6(@ 4(/26(- - 9
-=+)2/0)+1- (- )C4/560)+1 - F - C4)626B-45-=,/=662-+1 )2)=)0 QQ F
06* C4) 6 )05= )*6 6.)0; 5-()= /6 5)=()= +- 26*- () 6 *46 5= -5-*1
6 +;- *)= 2-+*/()=
6(6 6 06/*
,6+16@-*65-=56= 1)(- -,)= +- 5-=
14?4E*

< )+C46+1 - 2# 3 () 2-+1 =


656= 1
/(6*< 621 4-4 2-0- \ 9
62/.
/16(-= () 2-+1 621
-* 2-0)= 2/6/*]
)9)2146+(- 65-+1 ))+1=)6-9 )=1
65-= 14?4)*6K +- 26*-< ()2-05-+)+1 )* 56=66/ +(J*1=
/6641 -03,).L)6
5=-24=6 6.)0; K() 1 ) F )S-4 () - . 4 - L <
/+(4>/+(- 5-= )*1 6 ,/
6 +-,-* +)?32/ -* *45-=16(-*< 6 +7 ,).+62/-+6.< 5).- =)24=*- 6 /+9=6 )*1
=414=6*
1)2+-.3?/26* 5-=
14?4)*6*< 6 2-+*4.
1-=)* +62/-+6/* K-4 /+1)=
+62/-+6/*L) 6/+(6< *)05= ) C4) +)2)**A=
/-< I
*4B2-+1 =
616:;- ()C46+1 /
(6()-4)*5)2/ 6./
>6:;- 6+7 ,)./+1)=+-

-?- )0 -,)0B= - () QQQ 9 -=60 = )?/*16(-* (-/ * 5=-@)21-* ()5= 8 2-+1=656=1/


(6* +40 ,6. -=1 -16.() #
0/.GD)* () )4= -* 0 ()*1 )* (-/ * 5=-@)21-* 8 - ^ G/ .( )61 _ = 616 *) () 40 )H)05. - 56= 1
/24.6=0)+1)
=).
),6+1) +;- 65)+6* 5). 6 2-05. )H/(6() (6 -5)= 6:;- 06* *-B= )14(- 5-= C4) 5)= 0/ 1
/4 I
()*)+,-.,)=6* *46* 2-05)1 E+2/ 6* +- (-07 +/- (-* */*1
)06* ()/ +1)=/
-=)* )0 2-.6B-= 6:;- 2-0 40 F6
*1
6)05= )*6840 (-* 0). G-= )* )*5)2/6./*16* 04+(/6/* )0 6**)+1 -* 56=6641 -03,).)6,/ ;- )
618 )+1;- +;- G6,/ 61 /(- C46. C4)= 2-+1 621- 2-0)= 2/6.)0 -= 14?6. +/ 2/
-4 *)< 6**/0< 40 9 .4H- ()
5=-(4:;- () 6**)+1 -* ()2= /6+:6*)?4+(- 6 +-= 066. )0;< 06/ * 16=()= )2-.G/(6 ) 65=-,6(6 2-0- +-= 06
)4=-5)/6K 6**)+1 -* -B=/?613=/-* () 6 6+-* ()/ (6()L 0 QQ < @ A *)G6,/ 696214=6(- 06/ * () #QV
(- ,6.-=(- 5= -@)21- K # 0/ .GD)* ())4= -*L *1 )5= -2)**- 5)= 0/1/
4 6/+(6- ()*)+,-. ,/0)+1- ()56= 1
)(6
)+?)+G6= /
6(- 5= -(41- )0 -= 14?6.)665= -5=/6:;- 1)2+-.3?/265-=56= 1)(-* 6**-2/6(-* (6

- M0B/
1- (6 (/
,4.
?6:;-< 2--=()+6:;- ) 62-056+G60)+1
- (-* 5=
-2)**-* () 2-+1
=656=
1/(6* *;-
6/
+(6()5= -0-,)=-41=
6* 621/,/
(6()*< )0 56=1
/24.
6=N

),6+160)+1 - (6* -5-= 1


4+/(6()* 621 46/* 1 )+(- )0 2-+1 6 -* 5=-?=606* ()
2-+1=656= 1
/(6* )0 24= *- ) 6* 5= /
-=/
(6()* )*16B).)2/(6* - *)?4/0)+1
- (6* +-,6*
-5-=14+/(6()* / ()+1/
9/
26(6* +-* 5= -@
)21-* )0 24= *-< 6B-= (6= +-,-* 56= 2)/
=-*
+62/-+6/* +406 . 3?/26 () (/ 9
4*;- (-* B)+)9 72/
-* 6**-2/6(-* 6-* 5=-@)21-* -4
/+1
)=+62/-+6/ * )+C46+1 -9-+1 )* ()2-+G)2/0)+1 - < 1)+(- )0 ,/ *166/05.)0)+1 6:;-
() +-,6* 621 /
,/(6()* C4) = )9-=2)0 -* )9 )/
1-* 04. 1/5.
/26(-=)* (-* 5=-?=606* ()
2-+1=656= 1
/(6*O

B-=(6?)0 6 56=2)/=
-* )*1 =
6+?)/
=-* 2-+*/
()=6(-* )*1
=618?/2-*< 1)+(- )0 ,/
*16-
)+C46(=60)+1
- (6* 62:D)* ()2651
6:;- ()/+,)*1/
0)+1- )*1=
6+?)/ =-O

2-056+G60)+1 - ()5= -2)**-* ()).6B-=6:;- ()5= -5-*1


6* -4 ()/ 05.)0)+1 6:;- ()
621/
,/(6()* () 2-+1 =
656= 1
/(6*< )+,-.,)+(- )05= )*6* +62/-+6/* ) )*1=6+?)/=6* +6
5=)56=6:;- () 5=-5-*16* () 2-+1=
656= 1
/(6* +- M0B/1- () 2-+24=*-* () 6C4/
*/:;- ()
)C4/560)+1 -O

=
-0-:;- ()2-+1
621
-* )+1
=))*5)2/
6./
*16* +62/
-+6/
* ))*1
=6+?)/
=-*O

=
/6:;- () ?= 45-* () 1=6B6.G- 2-0 )+1/
(6()* +62/
-+6/
*< 1)+(- )0 ,/ *1
6 6
*)+*/B/.
/>6:;- () /+,)*1
/?6(-=)* ) )05=
)*A=/
-* 56=
6 6* 2-+1=
656=1/
(6* )+C46+1
-
/+*1=
40)+1 - ())05=))+()(-=/
*0-O
5-/
- I/+1)=
962) 2-0 6* /+*1/
14/:D)* )*1
=6+?)/
=6*< +-0)6(60)+1
) 6- +7
,). (6
/
05.)0)+1
6:;- ()2-+1
=656=
1/(6* /
+(/=)21
6*

-0 - -B@ )21/
,- ()C46. /
9/
26=- /+,)*1 /
0)+1 - 5JB. /2- )()9 /
+/=5= /-=/
(6()* C4)5)= 0/ 1
60 640)+1 6=
62-05)1 /1
/,/
(6()(6)2-+-0/ 65-= 14?4)*6)/ +2)+1 /,6=- / +,)*1 /
0)+1 - 5=/
,6(-< - -,)= +- ()9/+/4
- = -?=606 () +,)*1 /
0)+1 -* )0 +9 =6 )*1 =414=6* = /
-= /
1A=/6* K L *1 ) 5= -?=606 ,/ *6
/
()+1 /9
/26=6* 5=-5-*16* ()/ +,)*1/0)+1-* 5=/-=/1A=/
-*< ()+61 4=)>6)*1 =414=
6. < 6=)6./
>6=+- 5)= 7
-(-
() QQ# 6 QQP = )1)+() *)< ()*1 69-=06< (6=5= /-=/(6()65= -@)21-* 2-0 /05621 - 5-*/1/
,- 6+7 ,).
(- )05= )?- )(- ,6. -=62= )*2)+16(- B=41- +6)2-+-0/ 6< *)+(- 6* 5= /+2/56/* A=)6* ()/ +1)=,)+:;-
(- 6* /
+9=6 )*1=414=6* 60B/ )+1)< )+)= ?/6< 1=6+*5-= 1)*< *-2/ 6/* < - 1 )=
=/1
3=/- 2/
(6()*<
561 =
/03+/- +61 4=6.
< 1 4=/
*0- ) - 2-+G)2/ 0)+1 -< /+9-=06:;- ) 9 -=06:;- 1
)2+-. -?/6* ()
/
+9 -=06:;- )2-04+/ 26:;-< 9-=06:;- 6,6+:6(6)0 U < U

* 2=/1
8= /
-* () *).)2:;- () 5=-@)21
-* B6*)/60 *) +-* B)+)972/
-* )*5)= 6(-*< +6 )H)C4/ B/./(6() (-
5=-@ )21- )+6*46,/ 6B/
./
(6()9 /
+6+2)/=6 6(-* -* -B@ )21/
,-* (- < -* B)+)9 7
2/-* )*5)= 6(-* (-*
5=-@ )21-* *;- 6,6./
6(-* )0 1)=0-* ()2-+1 =/
B41- 56=6- 2=)*2/0)+1 - )2-+30/ 2- )2-05)1 /
1/,/
(6()<
6 C46. /(6() () ,/ (6 ) 2-)*;- *-2/6.) - -=()+60)+1 - (- 1)==/
13= /
- ) *4*1 )+1 6B/.
/(6() -=*)4
14=+-< 6)H)C4/ B/.
/(6() 86,6./6(6() 62-= (- 2-0 - ?=64 () 061 4=6:;- (- 5= -@)21-< 6* 2-+(/:D)*
)H1 )=+6* K 1
6/* 2-0- - / 05621- 60B/ )+1
6.L ) -* +7
,)/* () 9/6B/
./(6() / +6.0)+1 )< 6 ,/ 6B/.
/(6()
9/
+6+2)/ =
6()9 /+) *))0 1 )=0-* ()0-(). - ()9 /
+6+2/
60)+1 - )/ 05621 - *-B=)6* 2-+1 6* 5JB. /
26*

56= 1/= (6 2-+*1616:;- C4) 6 / 05. )0)+1 6:;- (-* ?= 6+()* 5= -@)21-* () / +,)*1
/0)+1 - 8
2-+1 /+460)+1 ) 69
)216(6 5-=B. -C4)/ -* 6(0/+/*1=61/
,-* ) 24*1 -* () 2-+1 )H1-< - -,)= +- ()9 /
+/4
=
-@ )21-* () -1 )+2/6. +1)=)**) 62/ -+6.K *L < /
+/2/
61/,6* 5= /,6(6* )0 = ).
6:;- I* C46/ * *)
?6= 6+1)40 62-056+G60)+1 - ()5= -H/0/(6()56= 6*45)=6=-* = )9 )=/
(-* B.-C4)/-* 6(0/+/*1=61 /
,-*
)-B1 )=406= )*5-*16< 5-*/
1/
,6-4 +)?61 /,6 06* 28.)=) -B@)21/,- ()*16/ +/
2/61/
,68(/ +60/ >6=-
/+,)*1 /
0)+1 - )05=)*6= /
6.C4)(/ ,)=*/9/
C4)6B6*))2-+30/ 26)H/ *1)+1)< 2=/
))05= )?- C46./9
/26(- )
24@- ?= 64()/ +-,6:;- 5)=0/16?)= 6=06/ * ,6.
-=62= )*2)+16(-

* 2= /
18=
/-* () *). )2:;-< 56= 6 )+C46(= 6= 40 5= -@
)21 - 2-0- < 8 C4) )*1 ) 2-==)*5-+(6 6
/+,)*1 /
0)+1 - ?.-B6.*45)= /-=6 # 0/ .
GD)* ())4= -* -4C4)1 )+G64069 -=1)2-05-+)+1 )() U
-4 / +-,6:;-< 5-**46 6()C46(6 *4*1 )+16B/./
(6() 60B/ )+16.) 1 )==/1
-= /6.) *61 /*96:6 5).- 0)+-*
C461 =- (6* *)?4/ +1)* 2-+(/ :D)*N 5= -(4:;- () B)+* ) *)= ,/:-* 1= 6+*622/ -+A,)/ *< () 26=A21)=
/+-,6(-=))0 0)= 26(-* 2-0 5-1 )+2/
6.()2= )*2/0)+1-O)9 )/1
-* ()6= = 6*160)+1 - )0 621 /
,/(6()* 6
0-+1 6+1) -4 6 @ 4*6+1 )< 56=1/24.6=0)+1 ) +6* *O/+1 )=62:;- ) 2--5)= 6:;- 2-0 )+1 /
(6()* (-
*/*1)06 2/ )+1 7
9/2- ) 1 )2+-.3?/ 2-O 2=/6:;- -4 C46. /9/
26:;- (- )05= )?-O 2-+1 =/
B41- 56= 6 6
/05. )0)+1 6:;- () )*1 =618?/6* ) 0-(). -* () ()*)+,-. ,/0)+1 - = )?/ -+6. O B6.6+:- )2-+30/ 2-
)H1)= +-O)9/2/
E+2/ 6)+)= ?81/26)S -49 6,-=)2/0)+1 - ()9-+1 )* ())+)= ?/6= )+-,A,)/ *

* ?=6+()* 5= -@
)21-* +62/-+6/* ()9/+/(-* 5). - -,)=+- 56=6 -* 5= 3H/0-* 6+-*< ) C4) *)
)+2-+1 =
60 )+C46(= 6(-* +-* 5= -?=606* 62/ 06 ()*2= /
1-*< ,;- )H/ ?/
=- = )24=*- 6 ).),6(-*
/+,)*1/
0)+1 -* 2-0 ?=6+()* 2-05= -0/ **-* 9/
+6+2)/ =
-* *1 )* 5=-@
)21-* 1E0 26=A21)=)*1=414=6+1
)
56=6 6 )2-+-0/ 6 ) +;- *;-< *)?4+(- -* 2= /18=
/-* /+1)=+62/
-+6/*< 56**7,)/
* () )H/?E+2/6 ()
2-+1=656= 1
/(6*< 406 ,)> C4) )**6 5-**/ B/.
/(6() 65)+6* *) 2-. -26 6-* 567 *)* )0 ,/ 6* ()
()*)+,-. ,/
0)+1 - - )+1 6+1
-< )*1)* /
+,)*1 /
0)+1 -* ?)=60 ?= 6+()* ,-.40)* ()1 =
6+*62:D)* 56=6-*
C46/* 6* )05= )*6* 5-=1
4?4)*6* *)(),)0 5-*/ 2/-+6=

640)+1 - (6/+2-=5-=6:;- ()9 621-=


)* ()-= /
?)0 +62/-+6.+-* ?=6+()* 5=
-@)21-* ()/+,)*1/0)+1-
+6 A=)6 2/
,/.8 406 9-=06 () 640)+1 6=-* B)+)97
2/-* ?)=
6(-* 5-=)*1)* 5=-@)21-* )*1
69 -=06<
5=-5D) *) 6 ()9/
+/:;- () +7,)/* () 2-+1)J(-* .
-26/* 6()C46(-* C4) (),)0 = )*5)/
16=5= /
+27
5/-*
2-0- 6 )9 /
2/E+2/
6 )2-+30/ 26< 1=6+*56=E+2/
6 5=-2)**46.-4 )C4/(6() () 0)= 26(- 06 0). G-=

5)*6=()5-()=
)0 )H/*1/
=6.
?406* )H2)5:D)*< )*1
)8< )0 ?)=
6.< - 2=
/18=
/- 56=
6C4)- 5=
-@)21
- *)@
62-+*/
()=
6(- 40
=
6+() = -@
)21
- () +,)*1/
0)+1-

!
()9/
+/:;- (6* 26562/(6()* +)2)**A=/
6* 56=6 6 2-+2=)1/>6:;- (-* ?=
6+()* 5=
-@)21-* 5)=0/1)-
5-*/2/
-+60)+1 - )*1
=618?/2- (6* )05=)*6* 5-= 1
4?4)*6*< )0 )*5)2/6.(6* 06/
* /+-,6(-=6*< +6*
?=6+()* 26()/
6* ()9-=+)2/0)+1-/+1)=+62/
-+6/*

+1=) -* 0)26+/ *0-* () 65= )+(/ >6?)0 2-. )21/


,6 06/ * )9/26>)* )+2-+1 =60 *) - + )+1=)
)05= )*6* ))+1 =))*1 6* )-41 =6* -=?6+/>6:D)* )/ +*1 /
14/:D)* )= /9/
26 *)C4)406(6* 9 -=
06* 06/ *
)9/
26>)* () (/ **)0/+6:;- () +-,6* 1 )2+-. -?/6* ) () 9 -=06* () -= ?6+/>6:;- (- 1=6B6.G- )+1 =)
)05= )*6* 8 61=6,8* (6* =).6:D)* 2-+1=61 46/* ()9 -=+)2/0)+1 - 6= 6.).60)+1 )< 40 ?=6+()+J0)= -
() )*14(-* ,)0 ()0-+*1 =6+(- C4) - 9 621- () 6* )05= )*6* ) /+*1 /
14/:D)* () 567*)* 0)+-*
()*)+,-.,/(-* )*1 6=
)0 )H5-*1 6* 6-* +7 ,)/* () C46. /
(6()< *)= ,/:- ) 5= ):- C4) 6* 04. 1
/+62/-+6/*
)H/?)0 6-* *)4* 56= 2)/=
-*< 2-+1 =/
B4/56= 6 - 640)+1 - (6 *46 5= -(41 /
,/(6() ) 26562/ (6() ()
/
+-,6:;- -=J. 1/
0-< ) +-* 26*-* )0 C4) )*1 ) 5=-B.)06 *) 2-. -26< - =/
*2- () ()*.-26./
>6:;- ()
)05= )*6* 80/ 1/?6(- *)- 56= 2)/=-/+1)=+62/ -+6.)*1/,)=()5)+()+1 )(-* = )24=*-* C4)6* )05= )*6*
)/+*1/1
4/:D)* +62/-+6/ *.G)-9)= )2)0

- )+1 6+1 -< 6)*1=414=6: ;- ()26()/ 6* ()9 -=+)2/0)+1 - +62/


-+6/ * +69-=06()*)21 -=)* -4
/+(4*1 =/6/* 1)2+-.-?/260)+1 ) 06/ * =-B4*1-* )0 1 -=+- () 40 ?= 6+() 5= -@
)21 - () /
+,)*1 /
0)+1 -
61=6,8* (-* C46/ * 6/ +(J*1 =/
6 5-() 6*2)+()= 6 +-,-* 561 606= )* () 5= -(41/,/(6()
()5)+() (6 )H/ *1
E+2/ 6 () 40 2-+@ 4+1- () 9 -=
+)2)(-= )* =).61/
,60)+1 ) ()+*-< )0 C46+1 /
(6() )
(/,)= */
(6()< ) 2-0 26562/ (6() 2-05)1 /
1/,6 6 +7,)./ +1)=+62/-+6. 60B80 - 9 621
- () -* 6?)+1 )*
)2-+30/ 2-* *)?4/= )0 .3?/26* )05= )*6=/6/* 1=6+*+62/-+6/* .),6 6 C4) G6@ 61 )+(E+2/6 56= 6 C4) 6
./
?6:;- )+1 =) - 5=-@)21- )- 1 )2/(- /+(4*1= /
6.+62/ -+6.*)@ 6/+9)=/-= -B@ )21/,-< 06/* C4)- 0)= -
9-=+)2/ 0)+1 - () 5):6* -4 *)= ,/:-*< 5-() 56**6=5). - ()*)+,-.,/ 0)+1- () 406 / +(J*1 =
/6 () 2/
2.-
2-05. )1-< -4 *)@ 6< - (-07 +/
- (-* 5= -2)**-* () 5= -(4:;-< . -?7*1
/2-* ) () 0)= 26(- C4) 2= /
)
,6+1 6?)+* 2-05)1 /1/
,6* 56= 6- .
-26.

-0 - -B@ )21/
,- () 962/./
16= I* )05= )*6* +62/-+6/* - 62)**- 6 / +9-=06:;- *-B= ) -* ?= 6+()*
5=-@
)21-* ()/ +,)*1/
0)+1 -< 5=-5D) *)6)H/ *1E+2/6()4069 /2G656= 626(6?= 6+()5= -@)21- +6A= )6
2/
,/.
< C4) 2-+1 )+G6 /
+9-=06:;- 56(= -+/>6(6< *-B=) -* B)+)9 7
2/-* 5JB.
/2-* ) 5=
/,6(-* (- 5= -@)21-<
-* 24*1-* ) 6* ,A= /
6* )1 656* 56= 6 6 *46 2-+2= )1/
>6:;- 9/
2G6 (),) 2-+1 )=
< )+1=) -41 =
-*
).
)0)+1 -*< 6 ()+-0/ +6:;- (- 5= -@)21-< 6 *46 ()*2= /
:;-< - 5=-0-1 -=
< -* /
05621 -* )*5)=6(-* (-
5=-@
)21-< - 1/
5- ()9/+6+2/60)+1 - )626. )+(6=/>6:;- 5=),/
*16

-=J.1/
0-< 56= 66. /
6=-* ?= 6+()* 5= -@)21
-* ()/ +,)*1/
0)+1 - +6A= )62/ ,/.I5= -0-:;- (6 U )(6
/
+-,6:;- +6* )05= )*6*< 5= -5D) *) 6 / +2-=5-=6:;- () U )0 / +,)*1 /0)+1 -* ) 5=-@)21
-* ()
/
+1)=)**)5JB. /
2- )*1) 2-+1)H1-< 6 U (),)6B= 6+?)=< )+1=) -41=-*< 5=-@)21-* C4) )*1/
04.)0 6
5=),)+:;- () ?= 6+()* =/*2-* 5JB./2-* +-0)6(60)+1 ) )0 A= )6* 2-0- 6 *)?4= 6+:6 6./
0)+16=< 6*
)5/()0/6*< -* 9
-?-*< -* ()*6*1=)* +614=6/* -46* 261A*1=
-9 )* 60B/ )+16/
*

* 0)(/ (6* () ()9 /


+/:;- (-* 2-+1 )J(-* .-26/*< () 5= -0-:;- () U ) () 56(= -+/>6:;- ()
/
+9-= 06:;- 962/
./160 - 5-*/ 2/
-+60)+1 - )*1
=618?/2- (6 /+(J*1 =/
6 +62/-+6.)0 = ).6:;- 6-* ?=6+()*
5=-@)21-* ()/+,)*1/0)+1 - C4)2-+*1 /
14)0 406-5-= 1
4+/(6()56= 6- ()*)+,-. ,/0)+1 - (6* 26()/6*
() 9-=+)2/0)+1- +62/-+6/ * **/
0 *)+(-< )*1)* ?= 6+()* /+,)*1/
0)+1 -* 2-+1=/
B4)0 +;- *3 56= 66
(/
+60/ >6:;- (6* )05= )*6* +- 24=1
- )08(/ - 5=6>- 06* 1 60B80 56= 6- ()*)+,-.,/0)+1 - ().-+?-
5=6>- -,)=+-< 2-0- 621 -=5=/,/
.)?/
6(-< /+1)=,80 56= 6 C4) )**)* /+,)*1/
0)+1 -* 62).)=)0 -
()*)+,-. ,/
0)+1 - )2-+30/ 2- )*-2/6.(- 567
* )*)/ +*/=
60 +406)*1 =
618?/6+62/-+6.
* ?= 6+()* 5= -@)21-* () / +,)*1/0)+1- *;- 406 -5-= 14+/(6() () )*1 /
04.6= 6 2= /
6:;- () ,6.-=
62=)*2)+1 6(- +6 )2-+-0/ 6< 61=6,8* (- 640)+1 - (6 2-05)1 /1/
,/(6() (6* )05= )*6* +62/
-+6/* -
)+16+1-< 56= 6 C4) )*1)* )9)/ 1
-* *) ,)=/9
/C4)0< 6 24=1- )6. -+?- 5=6>-< 8 +)2)**A=/
6 6 ()9
/+/:;-
(6* A= )6* )*1=618?/26* () / +,)*1/
0)+1 - ) (6* 1)2+-.-?/6* 6()C46(6*< () 0-(- 6 -= /
)+16=56= 6
)**6* A= )6* -* 5= -@
)21-* 6**-2/ 6(-*< C4)= I* 2-+1 =656= 1
/(6* 0/ .
/1
6=)*< C4)= 6-* ?= 6+()*
/
+,)*1 /
0)+1 -* 2/
,/*

* 5= -@)21-* 6 ()9/+/= )0 60B6* 6* A= )6*< 2/,/.) 0/ .


/1
6= < (),)0 5= /
,/ .)?/6=6 / +1 )?=6:;- (6*
)05= )*6* +62/-+6/* +6* ?= 6+()* 26()/ 6* () 9-=+)2/
0)+1 - +62/ -+6/* )/+1 )= +62/-+6/*< 56=6C4) 6*
+-**6* )05= )*6* 5-**60 B)+)9 /
2/6= (-* +7 ,)/* 1)2+-.3?/2-* ). ),6(-* ()*1 )* 6?)+1 )* **/0<
)*1/
04. 60 *) 621 /,/(6()* () U < () 1 =6+*9
)=E+2/6 () 1 )2+-.-?/ 6< () 9 -=06: ;- )<
2-+*)C4)+1 )0)+1)< 6 / +-,6:;- +6* )05= )*6*< 9621-= / 05= )*2/+(7,). 56= 6 - 640)+1 - (6
2-05)1 /1
/,/
(6()(6+-**6)2-+-0/ 6 -* 5= -2)**-* ()2-+1 = 656=1/(6* 0/./16= )*< 6*46(/ +60/ >6:;-
) ?)*1 ;- 5-=)C4/ 56* )*5)2/ 6.
/>6(6*< ()1 )+1-=6* () 0)1 -(-. -?/6* 6()C46(6*< 1 6+1- 6- +7 ,).(6
+)?-2/6:;- 2-0- (- 62-056+G60)+1 - (6/05. )0)+1 6:;- (-* 5= -@)21-*< *;- 2= 42/
6/* 56=6C4) 6*
2-+1=656= 1/
(6* 2-+1=/
B460< ()9 621-< 56=6- ()*)+,-. ,/0)+1 - )2-+30/ 2-

#
!

"

# $ !
!"#
$% &'(%&% " )$ )*"#
$+! %&, )$ ,- "
+.%!+$ &)/%" )* ,/-) %*0,! 1
"#
(%*&) %0,#, 2# 3,4%56,7
%(,$0%38%&, &, ! %35%$)3" , &) 3,4%* #3#(#
%"#
4%* .,4)- 3%$)3"%#*7 $+#"%* 4)9)* *)$ +$%
4)-&%&)#-% %4%!#
%56, &,* 0- ,.-%$%* !%35%&,* %3")-#,-$)3" ) +-.:3(#% &, &)/%")- )*+!"% &%
(,3*"%"%56, &,* /%#;,* 314)#* &) &)*)$0)38, &) ,- "+.%!)$ $%" '-#
% &) #3,4%56,7 <%() %,*
-)*"%3")*0%- ()#
-,*&% 3# 6, +- ,0)#% ,$, 0,&)4)- #<
#(%-*)3%=# .+- % 7 %*#"
+%56, 3%(#,3%!
' &)*<%4,- >4)!)$ .- %3&) 0%- ") &%* >-)%* (,3*#&)-%&%*7 )*0)(#
%!$)3" ) ?+%3", 2 )&+(%56,7
<,-$%56, %, !,3., &%4#&%7 34)*" #
.%56, ) )* )34,!4#$)3" , @A B3%*)$0- )*%*)(%0%(# &%&)&)
.)-%-0%" )3")*

%&
'()
* + 3&#
(%&,-
)*&) 3,4%56, #
"+%56, )!
%"#
4%&) ,-
"+.%!

=,3"
)C DDE +-
,0)%3 33,4%"
#,3 (,-
)/,%-
&

* 4>- #
,* &#%.3F*"#
(,* ?+) " :$ *# &, 0- ,&+9#&,* (,# 3(#
&)$ ?+%3" , 2 ( ,3*"%"%56, &) +$
&)*)$0)38, -)!%"#
4%$)3" )/%#;, &, 0%1 *3, ?+)- )*0)#"
%%,*0- #
3(#
0%#*#3&#(%&,- )*&)# 3,4%56, )
2* (%+*%* &)** ) &)*)$0)38,C , *# *")$% )&+(%" #
4, ) &) < ,-
$%56,7 , < +3(#
,3%$)3" , &%
%&$#3#*"
-%56, 0 /!
#(%7 ,*$)(%3# *$,*&)! #
.%56, )3" -),*4>- #
,*%(",-)*&, *#*")$%&)# 3,4%56, )
, /%#
;, 314)!&) %("#4#&%&) )$0- ))3&)&,- %7 )*0)(#%!
$)3" ) )$ %("#4#
&%&)* &) /%*) " )(3,!F.#
(%7
(,$, %0,3"%&, 3% %/)! % 7 ?+)0G))$ )4# &:3(#%"%$/'$ %*,0,- "+3#
&%&)*&, *# *"
)$%

%/)!
% =-
%?+)9%*) 0,-
"+3#
&%&)*&, #
*")$%&) 3,4%56, )$ ,-
"+.%!
=-
%?+)9%* 0,-
"+3#
&%&)*
%*",*)$ A )*)34,!4#$)3", &) #
3,4%&,- )*
$0- )., )$ %(" #4#
&%&)*&)%! "%#3")3*#&%&) 3"-,&+56, &)3,4%*" )(3,!,.#
%*0%- %- )4#"
%!#
9%56,
"
)(3,! F.#(% &,**)(" ,-)*" -
%&#(#
,3%#
*
-,&+"#4#&%&)&, " -%/%!8, 3").-%56, &%* *#
3,4%&,-%*3%*- )&)*
;0,- "
%5G)*&)/%# ;, 4%! ,-%(-)*()3"%&, #
3" )-3%(#,3%#
*&)(,38)(# $)3", )0- ,I)(",*
0-)3&# 9%.)$ %, ,3., &%H# &% #
3" )-3%(#,3%#
*
14)!)&+(%56, &%0,0+! %56, %("#
4% *"#$+!%-%*- )!%5G)*&)(,,0)- %56, )3"-),*4>- #
,*
%;%*&)%/%3&,3, )*(,! %-@*)(+3&>-#, )*+0)-#
,-B %.)3" )*&, # *")$%&) 3,4%56,
$)- , &)0%" )3")*- ).#*"%&%*@ ) B ,&)-3#9%56, &%%&$#3#*"
-%56, 0 /!#(%
)-4#5,*&)%0,# , 2* *
%0#"%!&)- #*(, )(%0# "%!*)$)3" )
3,4%56, ,- .%3#9%(#,3%!
+!"+-%&)- #
.,-3%%&$# 3#*"
-%56, 0 /!#(%
,,0)- %56, )3" -
))$0- )*%*)%(" ,-
)*&)# 3,4%56,
=,3"
)C %0%-
"#-&) DDE +-
,0)%3 33,4%"
#,3 (,-
)/,%-
&) 33,4%"
#,3 ,!
#(J#
3 +-
,0) DDE

314)!)+-,0)+ %**#
*") *)2 -))*"-+"+-
%56, &%*0,! 1
"#
(%*&)# 3,4%56, %"-%4'*&)+$% %/,- &%.)$
$%#* (,$0! );% ) *#
*"'$#(% K+%3" , 2 ,-
#)3"%56, )*"-%"'.#(%7 8> +$ (,3I+3", &) 0%1
*)* (,$
)*"-
%" '.#
%*#3").-%&%*0%- %% #3,4%56,7 &) (%-
#9"-%3*4)-*%!7 ?+) *) "
-%&+9)$ 3% <,-
$% &) # 4-
,
-%3(, @ )#3, 3# &, ) -!%3&%B7 &,(+$)3" ,* ,-#
)3"%&,-)* @ =#
3!L3&#
% ) ,! %3&%B,+ 0-,.-%$%*
3%(#,3%#*&)# 3,4%56, @ *0%38%)=- %35%B *0- #,-#
&%&)*%0,3" %&%*7 %*<,-$%*&)# $0!)$)3"%56,
)%%/- %3.:3(#%&)*")*0- ,.-%$%*4%- #
%$ (,3* ,%3")%*(%- %(")-1
*"#(%*)&)/# !#
&%&)*&)(%&%0%1 *
*"%*)*" -
%"'.#%*#3").-%&%*&)%0,# , 2#3,4%56, (,3<)-)$ 2%&$# 3#*"
-%56, 0 /!#
(%+$ 0%0)!4# "%!
3, %+$)3" , &%(,$0)" #"#4#&%&)&,*0%1 *)*7 *+.)-#
3&, #
3#(#
%"#4%*?+)4# *%$ "%3", %$,&)-3#9%56,
%&$# 3#
*"-%"#
4%(,$, %%0- ,;#$%56, &%%&$# 3#*"-
%56, 0 /!#
(%%,*(# &%&6,*)2*)$0- )*%*

M> )$ DD 7 ) 3, L$/# ", &% # 3#


(#%"
#4% , -7 %
,$#**6, +- ,0)#% 4%# 0-,( )&)- %, !%35%$)3" , &) +$ (,3I +3", &) $)&# &%* &) %0,# , 2
$,&)- 3#
9%56, &,**)- 4#
5,*0 /! #
(,*3% +- ,0%7 )*"#
$+! %3&, , ,4)- 3, )!)("
-F3#(, ) +$% $)! 8,-
0-)*"
%56, &)*)- 4#5,*%,*(# &%&6,* 3#(#%"#
4%*I>! %35%&%*( ,$, , @
*% &))$ ! #38%B,+,
@(,3"-%"
,*0 /! #
(,*)$ ! #
38%B,+ ,- #)3"%5G)*)*"-%"'.#(%* ) $)&#&%* % !%35%-3,
L$/#", &, *)-6, <+3&%$)3" %#
* 0%- % +$% %&$# 3#*"-
%56, 0 /! #
(% $%# * )<#(%9 )
0-F;#
$%&,*(# &%&6,*)+- ,0)+*

$%# ,-%" )356, &%&% 2*0,! 1


"#(%*&) # 3,4%56, ) $,&)- 3#
9%56, %&$#3#*"-%"#
4%7 3,* ! "
#$,*%3,*7
")$ )*" #
$+! %&, %%&,05 6, &)$)&# &%*(,3(- )"%*0,-0%- ")&,* *" %&,* )$/- ,* % . /0*12*7
0,-);)$0! ,7 % )%# 3#(#
%"#
4%
! " # $ %&*%! #
)3" %$ % # $0,- "
L3(#% &%*)3"#&%&)*0 /! #
(%*3% &# 3%$#9%56, &,
0-,()**, &)# 3,4%56,7 *#
$0! #
<#
(%3&, )&)*$%" )-#
%!#
9%3&, %**+%*%(" #
4#&%&)*)(- #%3&, #
3()3" #
4,*2
0%-"#
(#0%56, &)$,(- >"#(% &,*(# &%&6,* % (# &%&) &) %$/+- ., , 0-,I)(", N )$,*O)*" #
$+! ,+ %
0%-"#
(#0%56, &)$,(- >"#(% &,*(# &%&6,*(,$ , +*, &%* )(3,! ,.#%*&) 3< ,-$%56, ) ,$+3# (%56,
@ B0%- %%- )(,!
8%)%&# <
+*6, &)# 3<,-$%56,7 %< ,-$%56, )%" ,$%&%&)&)(# *6, 0)!
,*(# &%&6,*
"-%4'* &% 3" )-
3)" %+$)3" ,+ *# .3# <#
(%"#
4%$)3" ) % (,$+3# (%56, )3" -) (#&%&6,* ) &)(# *,-)*
0,!1
"#(,*7 &)<#
3#3&, *) +$ (,3I +3" , &) 0- ,0,*"%* 0%-% %+$)3" %-% (,$0)" #
"#
4#&%&) &% (# &%&) %
0%-"#
-&, &)/%" )%/)-", &)#&)#%*)%# 3")-%(56, )3"-),*4>- #
,*%(",-)*

/&13 1& 43 9 ,- "%!?+)


);#*") &)*&) ) ?+) 4#*% )*"#$+!%-% 0%- "
#(#0%56, &,*
(#&%&6,* 3, 0- ,()**, &)$,(- >"
#(,7 +"#
!#
9%3&, %* )%
3")- 3)" 0,- "%!< ,-
3)()+$ (,3I +3", 4%*" , &)# 3<
,-$%56,
*,/- ) % 4#&% 0,!1
"#(% ) %* 0-#
3(#0%#*?+)*" G)*&% *,(# )&%&)
/-#"L3#(%7 &) <
,-$% % 0- ,$,4)-, &)/%" ) 3%*,(# )&%&) (#4#
!7
<%(#!
#"%3&, % (,$+3# (%56, )3" -
) ,* )! )#",-)* ) ,* *)+*
-)0- )*)3"%3")* ! ,(%#* ) 3%(# ,3%#*7 )34,! 4)3&, ,* 3,
0-,()**, &)" ,$%&%&)&)(# *6,
PPP &)$,(-
%(J,-
.+Q

$ ,+" -, " #
0, &) # 3#(#
%"#4%* 0-,(+- %< ,$)3" %- % 0%- "#!
8% ) % ( -
#%56, &) (,38)(# $)3" , 3%
%&$# 3#*"-
%56, 0 /! #(% ) % *+% &# *0,3# /#
!#9%56, 0%- % % *,(#)&%&) (# 4#!) )$0- )*%* , /& 13
1&437 0,-);)$0! ,7 ) 3, L$/#", &, ! # ' % % &,
)0%- "$)3",< - %&) %3& 3&+*" -J@ B 7 , # 3#*"
'-#, &% % &) @ (" ) &)*" >%
(-#%-+$% $)" ,&,!,.#% 0%- %)*"#
$+! %-, %( )**,7 (-#
%56, ) 0%- "#
!8% &) (,38)(#$)3" ,7 /)$ (,$, %
&#<+*6, &) /,%*0- >" #
(%*&# *0,314)#*3,*4>- #
,**)- 4#5,* %$/'$ 3% 5(67 )&* , ,4)- 3, =)&)- %!
#$0! )$)3" ,+ +$%* ,!+56, &)NP,- Q<!,PO@ * + B?+)0)- $#")%4>- #
,**)- 4#5,*7 &)0%- "%$)3" ,*)
"-%/%! 8%&,- )*%()&)- )$ *#$+! "
%3)%$)3" ) % /%*)*&) &%&,*7 &,(+$)3" ,*) - ).#*",*(,$+3*?+)
0,&)$ &)0,# **)-+" #!
#9%&,*&)%( ,-&, (,$ %*&# <
)-)3")*3)()**# &%&)* *" %# 3#(#
%"#4%# $0! #
(%+$%
-),- .%3#9%56, &,**)- 4#
5,*0 /! #
(,*@ ?+)-%, 31 4)!&, ) )) ?+)-&, , ' ) ) B 7 %**#
$ (,$,
<+3(# ,3>-#,*0 /! #(,*?+%! #<#
(%&,*)(,$ (,$0)" :3(#
%*%&)?+%&%*0%- %%0%- "#
!8%&)(,38)(# $)3" ,
) 0%- %, " -%/%!8, )$ - )&) ,$ # *", 0-)")3&) *) 36, *F < %(#!
#"
%-% " -,(% &) # 3<,-$%56, ) &)
(,38)(# $)3" , )3"-),**)- 4#5,*&%%&$# 3#*"-%56, 0 /!#(%7 (,$, "%$/'$ < %(#!
#"%-%# 3")-%(56, )%
,/" )356, &)# 3<,-
$%56, 0,-0%- ")&)?+%! ?+)-(# &%&6,

@ DD B
7 & 8 89 ()3:/*1 1;3)0*7&
31 3<&/7=;3)')3>72 *14/0:.
3=0/177 @ DD B
7 =#
3%!
R )-)!)Q"-,3#
*(8) Q"@ !
)("-
,3#
( )(,-& %3%.)$)3" J*"
)$B
@ DD B7 (?.&< /<73) 113@*7&
31 &
172/A13>. /4'/ <3130=7 -
,.-
%$$)

E
%&1. I14&*C 0*) 7 *)46 W 4>-#%* ! ,(%!#
&%&)*
#$0! )$)3" %-%$ +$ ! - 0%-%,*" -%3*0,-")*0 /! #
(,*
&) < ,-$% % - )&+9#- ,* (+*",* ,0)- %(#,3%# * *#*"
)$% &)
"-%3*0,- "
)*&) %$0)- % (,3*).+# +7 %"-%4'*&, ! - 7
% - %(#,3%!#
9%56, &,* *)- 4#
5,* &) " -
%3*0,- ")* ) %
-))*" -
+"+-%56, &, 0- ,()**, # 3")-3, &) ) 7
4#%/#!#
9%3&, < #
3%3()#-
%$)3" ) %?+)!) *)- 4#5, &) "-%3*0,-"
)*
,+"-% !,(%!#&%&) @ +-Q+B 7 % # $0!)$)3" %56, &, $)*$,
*#*")$%0)- $#"#-
>%- )(+0)- %56, &, #34)*"#$)3" , )$ %3,*

)3&, )$ (,3" % % (%&% 4)9 $%# ,- #3").- %56, )(,3F$# (% ?+) *) 4)- #<
#(% )3" -) 0%1 *)* ) %
#$0,- "
L3(#%( -)*()3" ) &%* 3,4%* " )(3,!,.# %* 3, &)*)34,! 4#$)3" , &%* 3%5G)*7 8> ?+) - )< !
)("#-
*,/-) , 0%0)!&, *" %&, 3, $+3&, %(" +%! *" ) 0%0)!" )-> ?+) *)-&# <
)-)3" ) )$ - )!
%56, %, &,
0%**%&,7 0,# * , %+$)3" , *#.3#<#
(%"#4, ) (,3" #3+%&, &, 0)*, &, *" %&, 3% )(,3,$# % 36, '
*+*")3">4)! &)*0)* % 0 /! #
(% &,* 0%1 *)*$%# *#3&+*" -
#%!
#9%&,*0%**,+ &) S )$ 7 0%-%
E
()-(% &) E S &, 7 )$ =,#3)*" ) 0)-1,&, ?+) *) %**# *"#
+ 2 )$)- .:3(# % &, *" %&,
0-,4#&:3(#%7 0-,$,4)3&, , /)$ )*" %- ) % 0- ,")(56, *,(#%!7 (,$ , (,3*)?+)3" ) %+$)3" , &%
&)*0)*% 0 /! #
(% %* ! "#
$%* &+%* &'(%&%* &, *'(+! , 0%**%&,7 ) )$ 0%- ") &)4# &, 2 (- #*) &,
*"%&, 0-,4#&:3(# % ) 2* $)3,- )*" %;%*&) (- )*(#$)3" , )(,3F$# (,7 $+#"
,*0%1 *)*0- ,()&)- %$ %
-)<,-$%* 3, *)(" ,- 0 /! #
(,7 ")3&, )$ 4# *"% , %+$)3" , &% )< #(>(#
% ) )<#(#:3(#
% &,* *)- 4#
5,*
0-)*"%&,*) , ( ,3" -,!
, &% &)*0)*% 0 /! #(% % +- ,0%7 )*"%*- )<
,- $%*!)4%- %$ 2 &# $#3+# 56, &,*
.%*",*&, *" %&, 3% $%# ,-0%- ") &,* *" %&,* )$/- ,*7 *#"
+%3&, *) % $'&# % &% 9,3% +- , 3,*
E 7TS &, )$ DD @ )$ U )**)4%! ,-)- % &) ET7 S =# .+- % B , )3" %3" ,7 (,$, * )
0,&) ,/* )-4%-% =# .+-% 7 8> 0%1 *)*,3&) % &)*0)*% < ,#" )3&, +$ 0)*, (%&% 4)9 $%# ,-3,*
!"
#$,* D %3,* 7 (,$, ' , (%* , &% *0%38%7 =# 3!
L3&#%7 ! )$%38% ,+ &) ,- "
+.%!@ (,$ E S )$
DD 7 %#3&%%**# $ %/%# ;, &%$'&# %&%9,3% +- ,B

%&
'()
* + @3.
(BC34* /6:/6* D?.
&<*E FG 9 88 H

=,3"
)C ,$$#
**#
,37 @ (8+Q3)(8"A %39#
7 DD B

E
%39#
7 H#
", @ TB
7 2/ 2*1'&
1' 3.
/ 3;7
2/ 7
*7/&
172/ <3130= "&
673)
&<*. /)
6:/<7
&@/7 = V,-
Q#3.
%0)-
))$ .- %3&)0%- ")&, *'(+! , 0%**%&, %*)(,3,$# %*)- %$ $%# *<)(8%&%*)$)3,*&)*)34,! 4#
&%* 7
%" )(3,!,.#% $)3,* *,< #*"#
(%&% ) % # 3<
,- $%56, $%# * &#
<1(#
!&) ,/" )-7 %("+%!$)3" )7 ) )$ 0! )3,
*'(+!, XX 7 %**#*"
) *) % +$ $+3&, $%# * .!,/%!#
9%&,7 ,3&) % # 3<,-$%56, ) , (,38)(# $)3" ,
<%(",-)* &) .-%3&) $,/# !#
&%&) &)4#&, 2 # 3<!+:3(#% &%* 3,4%* " )(3,!,.#%* &) #3<,-$%56, ) &)
(,$+3# (%56, %**+$)$ +$ 0%0)!(%&%4)9$%# *# $0,- "%3") *" %*$+" %5G)*?+)*)4)- #
<#
(%$ %
314)!$+3&# %!!)4%$ % " -%3*<,-$%5 G)*&, 0%0)!&, *" %&, 3% )(,3,$# % ) 3% *,(#)&%&)7 *)3&, ,
*"%&, (%&%4)9$%# *+$ %.)3" )&#3%$# 9%&,-)(%" %!#
9%&,-)(%&%4)9$)3,*+$ *" %&, 0-,&+" ,-
) &#*"-#
/+#&,- =%() 2 (,$0! );#&%&) &%**,(# )&%&)*%(" +%#*7 , *" %&, ")-> &) &)* )$0)38%-+$
0%0)!- ).+!%&,-)< #(%9 ?+) 0- ,$,4% , (- )*(#$)3" , )(,3F$# (, ) .%-%3" % % )?+#&%&) *,(# %!
7 %,
$)*$, " )$0, ?+), *)(" ,-0-#4%&, ")->&)" )-+$ 0%0)!(%&%4)9$%# *#$0,- "%3"))- )*0,3*>4)!
)$ >- )%*?+)" -%&#(#,3%!$)3" )<,-%$ &%- )*0,3*%/# !#
&%&)&, *" %&,

$ *" %&, $,&)- 3, ))<#


(%9&)4)->0,&)-%&%0"%-*)2*);#.:3(#
%*&)+$%*,(#
)&%&)%**)3"
)3,
(,38)(#
$)3" ,7 &)*)$0)38%3&, +$ 0%0)!<
+3&%$)3"%!)$ "
-:*>-)%*C

66/'()*)3 *</663 *6/)@&B36&)?+%!#&%&)%",&,*,*(#&%&6,*7 3,$)%&%$)3"))$ >-)%*


(,$, % *% &)7 % )&+(%56,7 *)- 4#
5,* *,(#%#
*7 *).+-
%35%7 I+*"#5% ,+ #
3<-
% )*"
-+"
+-%*7
#3&)0)3&)3"
)$)3" )&%0-,4#*6, *
)-0 /!
#(%,+0- #
4%&%Y

/'(.*BC3 /<31J0& <*7 3,$)%&%$)3" )%, 31 4)!&%*0,!1"#


(%*&)(,3(,- -
:3(#
%7 0,!1"
#(%<#
*(%!7
$)-(%&, !%/,-%!
7 )"
( *"%&, &)4)")-+$%%( 56, -
).+!%&,-%?+))*" #$+!), (-)*(#$)3",7 ,
&)*)34,!
4# $)3", )(,3F$# (,7 ?+) (-
#) %* (,3&#5G)* 3)()**>-
#%* 0%-
% +$% )(,3,$# % $%# *
(,$0)"#"
#4%)?+)0- ,$,4%, /)$ )*" %-*,(#%!
Y

&
1*0& K*BC3 4* /<3130& *7 %, 0-,$,4)- % (-#
%56,7 % +"#
!#
9%56, ) % &#
**)$# 3%56, &,
(,38)(#
$)3" ,7 %, )*"#
$+!%-% 0-,&+56, ) % 0-
,(+-% &) 0-
,&+",*) *)-4#
5,* #
3,4%&,- )*7 3,
*)3"#
&, &)+$%*,(# )&%&)(,$0)"#"#
4%)%**)3" )3, (,38)(#
$)3",7 ,3&), *"%&, %**+$)+$
0%0)!(%"%!
#9%&,-)&# 3%$#9%&,-

,3" +&,7 8> ?+)*" G)* ?+) $)- )()$ +$% $%# ,-&#*(+**6, ) %0-,<+3&%$)3" , 0,!
1"#
(,7 &)4)3&,
)34,! 4)- " %$/'$ % *,(# )&%&) 3% 0- ,(+-% &) *,!+5G)*7 3,$)%&%$)3" ) %()-(% &) (,$,
(!%**#<#
(%-Z*)!)((#
,3%-,**)- 4#5,*) /)3*?+) &)4)$ " )-3%" +-
)9% 0 /!#(%7 , $,&)!, &) 0-,4#
*6,
@?+)$ 0- ,&+9 ) < ,-3)() , /)$B 7 ?+)$ &)4)-> +*+<-+#
- &, /)$ 0 /! #
(, @*%!
4%.+%- &%3&, %
(%-%(" )-1
*"#
(%&)+3# 4)-
*%!#
&%&)B Y?+)$ %4%! #
%%0-,4#*6, &, /)$ 0 /!#
(,

&)/%") &)*"%* ?+)*" G)* ' )**)3(#%!0%-%%- )&)<#


3#56, &, 0%0)!&, *" %&, 3% *,(#
)&%&)7
&)4)3&, *)-%0,3"%&%**,! +5G)*%!")-3%"#
4%*2*4>- #%*?+)*"G)*( ,!
,(%&%*7 "
)3&, )$ (,3"%?+)%
3%"+-
)9%&)+$ /)$ ,+*)- 4#
5, 0 /!#
(, '#3&)0)3&)3")&, $,&)! , &)0-,4#*6, )&)%()**, %)**)
$)*$, /)$ ,+*)- 4#5,T

*&#%.3F* "#(,*$%# *- )()3")*$,*" -%$ ?+) % 0,*#56, - )!


%"#4% &) ,- "+.%!?+%3" , 2 )<#(#
:3(# %)
?+%!#&%&) &) *)- 4#5, &% %&$# 3#*"-%56, 0 /! #
(% $)- )() $+# "% %")356, ).+3&, , .( /
- " 0 , ' $ 1& 7 ,* $%# ,-)*0- ,/!)$%* - ).#*"
%$ *) %, 31 4)!&% " -%3*0%- :3(#
%
&%*0,! 1"
#(%*0 /! #
(%*7 &%)< #(>(#%&% *+%# $0! )$)3" %56, )&% *+% %&%0" %/#!
#&%&) 2*3)()**# &%&)*
&% )(,3,$# % ,$, 0,&) (,3*" %"%-*) 3% =# .+-% 7 ,- "
+.%!%0%- )()7 3)*")*#3&# (%&,-)*7 3%*
!"#
$%*0,*# 5G)*&)+$ (,3I +3" , &%* D0%1 *)*)- ).#G)*(,3*# &)-%&%* )*" )*<%(",*I +3" % *)+$
)!)4%&, .- %+ &) /+- ,(-%(#
% 0- )*)3" ) 3% %&$# 3#
*"-%56, 0 /! #
(%7 %0,3"%&, < -)?+)3" )$)3" ) (,$,
+$ )3" -%4) *#.3#<
#(%"#4, 2(,$0)" #"#
4#&%&) &% )(,3,$# %7 %!
'$ &) +$ )3?+%&- %$)3" , !).%!0,+( ,
<%4,->4)!%, &)*)34,! 4#$)3", &%*)$0- )*%*)2&# 3%$# 9%56, &%)( ,3,$# % %+*%)( ,3*)?+:3(# %
&%/%# ;%)< #(>(#
%&%%&$# 3#
*" -
%56, 0 /! #(%', .- %+&)# 3< ,-$%!#&%&)3%)( ,3,$#%7 (,$ +$%0%- "
)

%-
%0)",7 7 =,3*)(%7 = @ DD B7 40& 1&67)
*BC3 D?.&
<*7 &#
5G)* 1!
%/,
@ DD B7 (?.&< /<7 3) 113@*7 &
31 &172/A13>./4'/ <3130=7 -,.-
%$$)
T
H)- +#
*H%! %&%-)* %4%-)*@ DD B7 )$ 67*4313 L<(.3 7 3*"
#"+"
, %(#
,3%!&) &$#
3#*"
-%56,
U
(,3*#&)->4)!&% %("#4#&%&) )(,3F$# (% 36, &)(!%-%&% @ 7TS &, 7 )$ DDDB ,$ ()-
")9%7
)*"%- )%!#
&%&) -)*+!"%" %3"
, &) < %(",-
)* )3&F.)3,* ( ,$, );F.)3,* 2 %&$#3#*"- %56, 0 /!
#(% )
?+%!?+)-)*"-%"
'.#%&)$+&%35%&)4),! 8%-"%3", 0%-
%, *)+<+3(#,3%$)3", #
3")-3, (,$, 0%- %%*
*+%*< ,-
$%*&)- )!%(#,3%$)3" , (,$ %*,(# )&%&))$ .)-%!

=#
.+-
% W &$#
3#*"
-%56, /!
#(% @ %3Q#
3.&) ,-
"+.%!)3"
-) D0%1
*)*,+-
).#
G)*B

=,3"
)C V,-
!& ,$0)"
#"#
4)3)**[)%-
/,,Q DD

,*D. 7&036*1367 " )$ *# &, &)*)34,! 4#&, +$ )*< ,-5, &)$,&)- 3#9%56, &%%&$# 3#*"
-%56, 0 /!#(%7
(,$ , ! %35%$)3" , &)%! .+3*&,(+$)3" ,*0- ,.- %$>" #
(,*&)%0,# , 2# 3,4%56, )2$,&)- 3#9%56, &%
%&$# 3#*"-%56, 0 /!#(%7 (,$, %0,3" %&, 3% %/)! % *"%* #
3# (#
%" #
4%* 4%-#%$ )$ %/- %3.:3(# %
@&, ,4)- 3, )!)("-F3# (, 2 0- ,$,56, &% # 3,4%56, )$0- )*%-#%!
B 7 )$ ! ,3.)4#&%&) ) ?+%3" , %,*
%(" ,-)* ?+) *) (,3*" #"
+)$ (,$, 0- #3(# 0%! $," ,- !%3, &) (56, 0%- % % ,(# )&%&) &%
3<,- $%56, ), ! %3, &) ( 56, ,4)- 3, ! )("-F3#(, 7 (,,-&)3%&,*0)! % .:3(# %0%-%% ,(# )&%&)
&) ,38)(# $)3" ,7 (,3" :$ # 3#(#
%"#4%* 3)**) *)3" #
&, ,- );)$0! ,7 , ! %3, &) (56, ,4)- 3,
!)(" -F3#(, <,#,- #
)3" %&, 0%- % % $,&)- 3#9%56, ) ?+%! #&%&) 3% %&$# 3#
*"-%56, 0 /!#
(% %"-%4'* &)
*)" ))# ;,*0- #3(#
0%# *C *)-4#5,*0 /! #(,*,- #
)3" %&,*0%- %, (#&%&6,Y%&$# 3#
*"-%56, 0 /!#
(%$,&)- 3%
) )< #(#)3")Y 3,4% (%0%(# &%&) ")(3,! F.# (%Y - %(#,3%!#9%56, &) (+*" ,* &) (,$+3# (%5G)*Y .)*" 6,
)<#(#)3" )&%*(,$0- %*Y*)- 4#5,*0- F;#$,*&,*(# &%&6,*Y%&)*6, %,**)- 4#
5,*0 /! #
(,*#3")-%("#4,*

%/)!
% W -
#3(#
0%#
* ,(+$)3"
,* -
,.-
%$>"
#(,*)K+%&-
, &)=#
3%3(#
%$)3"
, &) 0,#
, 2 3,4%56,

)
3')*0* *7
* /6:316M@/.
3#(#
%"#4%N#.%- ,-
"+.%!O DD #3#
*"'-#
, &% #:3(#
%7 )(3,!,.#
%) 3*# 3, +0)-
#,-
!%3, &) (56, ,(#)&%&)&% 3< ,-$%56, DD .:3(#
%0%-%% ,(# )&%&)&, ,38)(#$)3",
!%3, &) (56, ,4)- 3, !)("
-F3#(, DD W .:3(#%0%-%% ,(# )&%&)&, ,38)(#$)3",
DD #3#
*"'-#
, &% (,3,$#%
H DD -
)*#&:3(#%&, ,3*)!8, &) #3#*"
-,*Z %/#
3)"
)&, - ,#
3,4
%&
1*1<&
*0/17
3
DDE #3#
*"'-#, &%*=#3%35%*)&% &$# 3#*"
-%56, /!#
(%
@
); B DDE #3#
*"'-#, &% #:3(#%7 )(3,!
,.#%) 3*# 3, +0)- #
,-
@); B DDE #3#
*"'-#, &% #:3(#%7 )(3,!
,.#%) 3*# 3, +0)- #
,-
@); B DD #3#
*"'-#, &% (,3,$# %)&% 3,4%56,
= DDD #3#
*"'-#, &, -%/%!8, )&% ,!#&%-#
)&%&) ,(# %!
DDD #3#
*"'-#, &% &+(%56,
W - ,.-%$% 0%-%% - ,&+"#
4#&%&) ) - )*(#
$)3" , (,3F$# (,Y HW - ,.-%$% 3" ).-%&, &) 0,# , 2
3,4%56,Y W -,.-%$% 0)- %(# ,3%! ,(#)&%&) &, ,38)(# $)3" ,Y W -,.-%$% 0)- %(#
,3%! #:3(# %)
3,4%56,Y = W -,.-%$% 0)- %(#,3%! $0- ).,7 =,-$%56, ) )*)34,! 4#
$)3", ,(# %!
Y W -,.- %$%
0)-%(#,3%!&% &+(%56,Y W - ,.-%$% 0)- %(#,3%! ,(#)&%&) &% 3< ,-$%56,Y W - ,.- %$% 0)- %(#,3%!
#:3(#%7 )(3,! ,.#
% ) 3,4%56,Y W - ,.-%$% 0)- %(#
,3%!&% (,3,$# %Y W - ,.-%$% &) 3()3" #
4,* 2
,&)-3#9%56, &% (,3,$#%YY W - ,.-%$% 0)- %(#
,3%!&% &$# 3#
*"-
%56, /!#
(%

*"
%*# 3#(#%"
#4%*< ,-%$ %(,$0%38%&%*0,-+$ (,3I +3", &)&#0!,$%*! ).%#
*7 )3+$)-%&,*3% %/)! %
7 3, *)3"#
&, &) - ),-
.%3#
9%-) $,&)- 3#
9%-% %&$# 3#
*"-%56, 0 /!#
(% ,-);)$0! ,7 )$ DDE < ,#
0+/!
#(%&, , *" %" +"
, &, )**,%! #-#
.)3") &,* )-4#5,* ) - .%3#*$,*&% &$# 3#
*"-%56, )3"-%!7
).#,3%!) ,(%! 7 % )#K+%&-, &,* 3*"
#"+"
,* /! #
(,*7 % - .%3#9%56, &% &$# 3#
*"-
%56, # -)("
%&,

U
<,3*,7 7 (8+Q3)(8" 7 ) %39#7 H @ DD B
7 +/!#
( )("
,- <
<#
(#)3(JC 3 3")-
3%"
#,3%! ,$0%-
#*,37 +-
,0)%3 )3"
-%!
%3QV,- Q#3. %0)- E
)*0)("#
4%$)3")7 DTZ DD 7 &) &) .,*"
,7 ) DUZ DD 7 &) &) .,*",

T
*"
%&,7 , ).# $) M +-1&#
(, &, ,3" -%", &) - %/%!8, 3%* )**,%* ,! )("
#4%* /! #
(%*7 , # *"
)$%
3"
).-%&, &) 4%! #%56, &, )*)$0)38, 3% @ B) % 0)- %(#,3%!#
9%56, &% )< ,-$% &%
&$#3#*"
-%56, /!#(% 3%*>- )%*&) %(" +%56, )$)" ,&,!,.#
%*&)%0! (%56, D ,3"
# +&,7 %0)*%-&,*
)*<
,-5,*- )%!
#9%&,*7 +-.) %()!)-%-)*") 0-,( )**, &) $,&)-3#9%56,7 I
> ?+)7 *).+3&, ,*- )!%"F-#
,*
$%#*-)()3")*&% 3# 6, +- ,0)#%7 ,*-)*+!"%&,*< #
(%-%$ %?+'$ &%*);0)(" %"#
4%*

%/)!
% -
#3(#
0%#
* )&#
&%* ).#
*!%"
#4%*@ DD DD B

88
!
%3, &) (56, 0%-%% ,(#
)&%&)&% 3<,-$%56, @ DTZ DD 7 &) &) .,*"
,B
!
%3, &) (56, ,4)-3, !)("
-F3#
(, @ DUZ DD 7 &) &) .,*" ,B
-
,.-%$% %(# ,3%!&) ,$0-%* !)("
-F3#
(%*@ Z DD 7 &) &) .,*",B

88
*"%"+", &, )**,%! # -#.)3")&,* )- 4#5,*) - .%3#*$,*&% &$# 3#
*"-
%56, )3"-%!7 ).#,3%!)
,(%!@)# Z DDE7 &) &)M %3)#
-,B
)#K+%&- , &,* 3*" #
"+",* /! #
(,*@ )# Z DDE7 &) &)M%3)#-,B
-.%3# 9%56, &% &$# 3#*"-%56, # -)("%&, *" %&, @)#EZ DDE7 &) E &)M%3)#-
,B
).#$)M +-1&#(, &, ,3" -
%", &) - %/%!8, 3%* )**,%* ,! )("#
4%* /! #
(%*@)# Z DDE7 &)
&)M +38,B
#*")$% 3" ).- %&, &) 4%! #%56, &, )*)$0)38, 3% @ B @)# DZ DDE7 &) &)
%-5,B
0)- %(#,3%!#
9%56, &% )< ,-$%&% &$# 3# *"
-%56, /!#
(%7 >-
)%*&)%(" +%56, )$)",&,!,.#%*&)
%0!#
(%56, @ Z DDE7 &) &) /- #
!B

88
)# -
.L3#
(% &, XH ,4)-
3, ,3*"
#"+(#
,3%!@ )(-
)", )#3 T Z DD 7 &) &) /-
#!
B

).#$)&% @ DZ DD 7 &) &) %# ,B


).#$)&% @ Z DD 7 &) D&) %# ,B
,--)(56, &,* )*)?+# !
1/-#
,*&%* ,3" %* /! #(%*@ D Z DD 7 &) E &)M +38,B
)4#*6, &, # *")$% &) %- -)#
-%* ) )$+3)- %5G)* &,* =+3(#,3>-#,* /! #(,* ) &,* &)$%# *
)-4#&,-)*&, *" %&, @ D Z DD 7 &) D&)M +38,B
,34)- .:3(#%&,* ).# $)*&) - ,")(56, ,(# %!@ DZ DD 7 &) D&)M +38,B
,34)- .:3(#% &, ).# $) &) ).+- %35% ,(# %!&, )**,%!&% &$# 3#
*"-%56, /!#(% (,$ ,
).#$) )- %!&% ).+- %35% ,(# %!&,* - %/%!8%&,- )*0,- ,3" % &) +" -
)$ @ Z DD 7
&) D&)M +38,B
-,.-%$% &) ))*" -
+"+-%56, &% &$# 3#*"-%56, )3" -
%!&, *" %&, @ EZ DD 7 &) E
.,*",B
&,056, &, # *")$%&)=%(" +-%56, ! )("-F3#(%0)! ,* )-4#5,*) - .%3#
*$,*&% &$# 3#
*"-%56,
/!#
(%@ TZ DD 7 &) T &) .,*" ,B
).-%*0%- %%* ,$)%5G)*&,* ! ",* %- .,* # -
#.)3")*&% @)# Z DD 7 &) D&) .,*" ,B

$ )9)$/- , &) DDE7 ) 3% *)?+:3(# %&%%4%! #%56, #3")-(%!%-&, K 7 <


,#(- #
%&, , - ,.-%$%
0)- %(#,3%! &% &$# 3#*"-
%56, /!#
(% @ B7 4#*%3&, (,3" -#
/+#
- 0%- % % $,&)- 3#
9%56, &%
%&$# 3#*"-%56, 0 /! #(%7 < #
3%3(# %3&, 0- ,I)(",* 3, L$/# ", &% # 3,4%56, ,- .%3#9%(#
,3%!7 &%
*#
$0! #<
#(%56, &,*0- ,()&# $)3",*)&%?+%! #&%&)&,**)- 4#5
,*0- )*"
%&,*7 %**,(#%3&, ,*2< ,-$%56,
) ?+%! #<
#(%56, &,* %(" #4,* &% %&$# 3#*"
-%56, 0 /! #(% ()3" -%! ) - )%!5%- ?+) , ")$ +$
(%->(")- 0# ,3)#-, %, 31 4)!&% 3# 6, +- ,0)#%7 I> ?+) *) " -
%"% &) +$% 0- ,.-%$% 4,(%(#,3%&,
)*0)(#<#(%$)3" ) 0%-% % %&$# 3#*"-%56, 0 /!#(%7 0,&)3&, *)- 4#-&) -)<
)- )3(#
%!0%- % ,* -)*"%3"
)*
*"%&,* )$/- ,*%, 31 4)!&%*0,! 1"#
(%*0 /! #
(%*

)*")* )3"#
&,7 , XH ,4)-3, ,3*" #
"+(#,3%!&)+ +$ *# 3%!3, *)3" #
&, &, %0- ,<
+3&%$)3" , )
(,3*#*":3(#%&%*%(5G)*&)$,&)- 3#9%56, &%%&$# 3#*"-%56, 0 /!#
(%%" -
%4'*&%(- #
%56, &% 3# &%&)
&) ,,- &)3%56, 0%- % % ,&)- 3#9%56, &$#3#
*"-%"
#4% @ B 7 (,3()/#&% (,$, )3" #&%&)
0-,$," ,-% &% ( ,,0)-%56, )3" -
) ,* &# <
)- )3")* $#3#*"
'- #
,* ) *)-4#
5,* &% %&$# 3#*"-
%56, 0 /!#(%7
0!%"%<,-$% &) %- "#
(+!%56, &) 0- ,I )(",* &) $,&)- 3#9%56, %&$# 3#
*"-%"#
4% ) $," ,- &% *+%
&#3%$# 9%56,7 (%/)3&, ! 8) #&)3"#
<#(%-7 *)! )((#
,3%- ) 0- ,$,4)- # 3#(#
%"#
4%* &) $,&)- 3#
9%56,
"-%3*4)-*%#* 2 %&$#3#*"-%56, 0 /!
#(%7 0- ,()&)-2 *+% $,3# "
,-#
9%56, ) (,$+3#(%-,* - )*0)("#
4,*
-)*+!"%&,*

D
)*0)("#
4%$)3")7 )# Z DDE7 &) &) M
%3)#-
,7 )# Z DDE7 &) &) M%3)#
-,7 )#EZ DDE7 &) E &) M
%3)#
-,7 )#
Z DDE7 &) &)M +38,7 )# DZ DDE7 &) &) %-5,7 ) Z DDE7 &) &) /- #
!
H)- %0 )$# 3#@ DD B\ " #
!#
9%56, &,* )- 4#
5,* /! #(,* !
)("-
F3#(,*3% +- ,0%\7 7 ) 7 DDE +- ,0)%3
33,4%"#,3 (,-
)/,%- &7
1 NF8O 88 P4/ 4/ *& 3

U
!

%&$# 3#*"-%56, 0 /!#(%(,3*# *")3+$%.- %3&)4%- #)&%&)&),- .%3#*$,*7 (,$ < ,-$%*&# <
)- )3")*&)
#
3" )-4)356, )&)*" #3%" >-#,*$+# ", &#
4)-*,* )%(,- &, (,$ &%&,*&% 7 )$ DD 8%4# %()- (%
&) DD )3" #
&%&)*0)- ")3()3" )*2 %&$# 3#*"-%56, ()3" -
%!7 #
3(! +#3&, 3*" #"
+",* /! #
(,*) # -)(5G)*
)-%#* ! '$ &, 3 $)- , )&#4)-*#&%&)7 '< -
)?+)3" )%%+*:3(# %&)+$%&)< #
3#56, (!%-%&%$# **6, )
&,*,/I )( "#4,*&) (%&% ,- .%3#*$,7 , ?+) ,- #
.#3% *,/- )0,*#56, &) (,$0)" :3(# %*) &+0! #(%56, &)
<+35 G)*7 (,$ 0- )I+19, 0%- % ,* (#&%&6,* (!%-#
<#(%56, &% $# **6, ) &,* ,/I )("#4,* &,* 4>- #,*
,-.%3# *$,*')**)3(# %!0%- %(,3*).+# -314)# *)!)4%&,*&))< #
(#:3(#%)+$%$)! 8,-# $0! )$)3" %56,
&%* 0,! 1"#(%* 0 /!#(%*7 4#*%3&, +$% /,% 0- )*"%56, &) *)- 4#5,* %,* (#&%&6,* ) 2* )$0- )*%*
&)<#3#56, &)0- #,-#
&%&)*'" %$/'$ )**)3(# %!0%- %%$)! 8,-%< )("%56, &,*-)(+- *,*);# *")3" )*7 )$
)*0)(# %!&,*- )(+-*,*8+$%3,*7 4+! 3)->4)#*2&)*$," #4%56, ,- #
.#3%&%0,-*# "+%5G)*&));()**, &)
<+3(#,3>- #
,* ,+ , # 34)-*, 6, 3)()** >-
#,* $)(%3# *$,* )< #
(%9)* &) ! )4%3" %$)3" , &%*
3)()**# &%&)*)$ - )(+- *,*8+$%3,*/)$ (,$, )*" 1$+! ,*< ,-")*2$,/# !
#&%&))3" -),*,- .%3#*$,*
&%%&$# 3#*"-%56, 0 /! #
(%,+)3" -))*" %), * )(",-0- #4%&, E

$% .- %3&) 0%-") &,* *)- 4#5,* 0-)*"%&,* 0)!% %&$#3#


*"-%56, 0 /!#
(% ")$ (,$, &)*" #3%">-#, %
0-F0-#
%%&$# 3#
*"-%56, 0 /!#
(%7 &%&, ?+).- %3&)0%- ")&,*,- .%3#
*$,*" )$ (,$, <+356, 0- )0%-%-
) );)(+"%-0,! 1
"#
(%* 0 /!#(%* $ DD 7 $%# * &) TD 0,-()3" , &% %("#4#
&%&) &% %&$# 3#*"-%56,
0 /!#
(% " #
38% (,$, &)*" #
3%" >-
#,* ,+" -,* ,-.%3#*$,* 0 /! #
(,* ,+ , 0- F0-#
, ,4)-3, $%
%&$#3#*"-
%56, 0 /!#(%$,&)- 3%))< #
(%9&)4)0- ,(+-%-,-#
)3"%-,**)+**)- 4#
5,*&#-)("%$)3" )0%- %
%* 3)()**#&%&)* &,* (#&%&6,* ) &%* )$0- )*%* ) 36, 0%-% *#0- F0-#
%7 (,3"
-#/+#3&, 0%- % +$%
*,(#
)&%&)$%# *(,$0)" #"
#4%))?+# "%"#
4%

, ?+) - )*0)#"% %,* - )(+-*,* 8+$%3,*7 (,3*" %"% *) 0)!% =#.+-% E ?+) " )$ 8%4#
&, +$%
)4,!
+56, (- )*()3") 3, 3 $)- , &) <+3(#
,3>- #
,* 0 /! #
(,*7 +!
"-%0%**%3&, ,* TDD $#!)$
$%#,-0%- ") &,*< +3(#,3>-#
,*)< )("
#4,*)*"> (,3()3" -
%&% 3%*>- )%*&% % &) ) &% &+(%56, ?+)7
)$ 7 -
)0- )*)3"%4%$ ()- (%&)UDS &, " ,"%!7 -
).#*"%3&, *)" %$/'$ +$%" )3&:3(#
%(-)*()3"
)
0%-%, %+$)3" , &, 0)*, -
)!%"#4, &%*$+!8)-)*)$ " )-$,*&))< )("#
4,*

=#
.+-
% E W 4,!
+56, &, 3 =+3(#
,3>-
#,* /!
#(,*

=,3"
)C #
-)(56, )-
%!&% &$#
3#*"
-%56, /!
#(%@ B

.-%3&) $%#,-
#% &, )$0-)., (,3()3"
-% *) 3% %&$# 3#
*"-%56, 0 /!
#(% ()3"
-%!@
()-
(% &) TUSB
#
3(!+#
3&, %%&$#3#*"-
%56, &#
-)("
%) #3&#-
)("%&, *" %&, W 8%4)3&, ()-(% &) S &,*<+3(#,3>-
#,*
0 /!#
(,*%<
)(",*2*%+" %-
?+#%*

=#
.+-
% W $0-
)., 0,- #
0,!
,.#
%&) -
.%3#
*$,

#-
)(56, )-%!&% &$# 3#
*"-%56, /!
#(%
E
%-%0)"
,7 7 =,3*)(%7 = @ DD B 7 40&1&67
)*BC3 D?.
&<*7 &#
5G)* 1
!%/,
%&,*&%
1%
16% Orgãos de Soberania

Administração Directa
5%

Administração Indirecta
50%
Administração Regional

28% Administração
Autárquica

=,3"
)C #
-)(56, )-
%!&% &$#
3#*"
-%56, /!
#(%@ B

, ?+) - )*0)#"
% 2* 8%/# !
#"
%5G)*7 ' 3% %&$# 3#
*"-
%56, ()3" -
%!,3&) *) )3(,3" -%$ ,*0- ,<#**#
,3%#*
(,$ ,* 31 4)#* $%# * )!
)4%&,*7 (!%-%$)3" ) %(#$% &, 314)!- ).#*"%&, 3% %&$# 3#
*"-
%56, !,(%! %
*% &) ) 3% )&+(%56,7 0,-()3" , &,* < +3(#
,3>- #
,* 0 /!#
(,* &)" :$ (+-*, *+0)-#
,- $ 7
?+%*) $)" %&) &,* < +3(#,3>-#,* 0 /!#
(,* "#38%$ 3, $>;# $, D %3,* &) )*(,! %-#
&%&)7 8%4)3&,
()-(% &) ] (,$ # ()3(#%"+-%7 )*" -%&, ,+ ,+" ,-%$)3", > ?+) *%!#
)3"%-% )4,!+56, -).#*"%&%
3,* ! "#
$,*%3,*3, ?+)- )*0)#"%2*8%/# !#
"%5G)*C , 3 $)-,- )!
%" #
4, &)!#
()3(#%&,*&+0!#(,+)$ D
%3,*@ U B7 %, $)*$, " )$0, ?+)&# $#3+#+, 0)*, &,*)<)(" #
4,*(,$ 31 4)#
*&))*(,! %-#&%&)
$%# */%#;%7 (,$, *)0,&)4)- #
<#
(%-3%=# .+-%

=#
.+-
% W 4,!
+56, &, 31
4)!&)8%/#
!#
"%5G)*3% &$#
3#*"
-%56, /!
#(%

45

40

35

30

25

20

15

10

0
Licenciat ura ou Curso M édio max. 12 anos max. 10 anos ent re 4 e 8 menos de 4
mais

1979 1986 1996

=,3"
)C #
-)(56, )-
%!&% &$#
3#*"
-%56, /!
#(%@ B

^ )4#&)3") % 3)()**# &%&) &) ?+%!#<#


(%-, 0)**,%!%< )(", 2 %&$#3#*"-%56, 0 /!#
(%7 (,$)5%3&, 0)! ,
!)4%3"%$)3" , *#*")$>" #
(, &%* 3)()**# &%&)* &) <,-$%56, ).+3&, &%&,* &, 7 )$ DD
()-(%&) " -
:*?+%- ",*&,*,- .%3#
*$,*&% %&$# 3#*"-%56, 0 /!#
(% 0- ,$,4)-%$ %(5G)*&) < ,-
$%56,
0%-% ,**)+*" -%/%!8%&,- )*7 (,3*"%"%3&, *) ?+) , %()**, 2* 7 3,$)%&%$)3" ) 2 3" )-3)"
7 *)
",-3,+ 3+$ # 3*" -
+$)3" , #$0,- "
%3" ) 0%-%%" -
%3*$# **6, &) (,3" ) &,* ) 0%-% % 0- ,$,56, &%
%0-)3&#9%.)$ , )3" %3",7 %0)3%* D 0,- ()3" , &,* ,- .%3#*$,* &% %&$# 3#*"-%56, 0 /! #
(%
-)(,--)$ 2 3" )-3)"0%- %< ,-$%5 6, &,* *)+* "-%/%!8%&,-)*7 , ?+) - )0-)*)3"% +$ 4%! ,-%#3&%
-)&+9#&, <
%()2*0," )3(#%!
#&%&)*&%*

,3*"
%"%*)7 "
%$/'$7 +$ )34)!
8)(#
$)3", &, 0)**,%!&% %&$#
3#*"
-%56, 0 /!
#(%7 (,$ $%#
* &)
$)"%&)&,*<+3(#
,3>-
#,*(,$ #
&%&)*+0)-
#,-%ED %3,* < %#;%)"
>-#%&,*ED%,*E %3,*%/* ,-4)

/*)-
4%"
F-#
, 0%-
%% ,(#
)&%&)&% 3<
,-$%56, )&, ,38)(#
$)3"
,

D
%$%#,-#
%&, )$0-
)., 0 /!
#(, @(
)- (%&) DS7 ?+%3&, )$ U )**)4%!
,-)-
%&) ESB
7 )3?+%3"
,
?+)%0)3%* )$ (%&% DD< +3(#,3>-
# :$ $)3,*&) D%3,* T
,*"

=#3%!$)3" )7 +$% &%* ?+)*" G)* $%# * (-1"


#(%* ' % <%!
"% &) $," #4%56, &,* <
+3(#
,3>-#,* 0 /!#(,*7
-)*+!"%3")&)(%+*%*&# 4)-*%* %&$# 3#
*"-%56, 0 /!
#(%0%+" % *)0)!%< %!"
%&)+$ *#*"
)$%)< #(#
)3" )
&)# 3()3"#4,*@ $,3)" >-
#,*,+ 36,B?+)0- )$)# )$ , $'-#", )%);()! :3(#
%)0)!%<-%(% $,/# !#
&%&)
&,**)+*< +3(#,3>-#,*)3"-),*,- .%3#*$,*))3" -)% ), *)(",-0- #4%&, !'$ &#
**,7 ,*$,&)! ,*
&) .)*" 6, );# *")3")* 3% )*"6, $%# * &# -
)((#
,3%&,* 0%- % , (+$0- #
$)3", &) 3,- $%* )
0-,()&#$)3" ,*&, ?+) 0%- % %*0)**,%*) ,*- )*+!"
%&,*7 *)3&, - %-
,*,*$)(%3# *$,*)< #(%9)*&)
%4%!#%56, &)- )*+!"
%&,*)&)< #
;%56, &),/I )("4,*U
#

*&%&,*%" ->*%0-)*)3" %&,*&)$,3*" -%$ % 3)()**#&%&)&)+$%0,! 1


"#
(%# 3").-%&% &).)*"6, &)
-)(+-*,*8+$%3,*3%%&$# 3#*"
- %56, 0 /!#
(%7 3, *
)3"#
&, &, -)I+4)3)*(#$)3", &,**)+*?+%&- ,*7 &%
#
3" -
,&+56, &) $)(%3# *$,*&) $," #4%56, ) &) ?+%!
#<
#(%56, &,** )+*?+%&- ,*7 #3(!
+#3&, ,*(%- .,*
&#-#
.)3" )* *" ) ' +$ %*0)(" , (-+(#%!0%- % , *+()**, &) ?+%! ?+)- -)<
,- $% &% %&$# 3#*"-
%56,
0 /!#(%7 I
> ?+) *)$ +$% < ,-$%56, %&)?+%&% &,*&# -#
.)3")*) (8)< #
%*# 3"
)- $'&#%**) ",-3% $%# *
&#<
1(#!?+%!?+)-0-,()**, &)$+&%35%

"

*" )(3,!,.#
%* &% #3<,-$%56, ) &% (,$+3# (%56, @ B*6, +$ # 3*"-+$)3" , <+3&%$)3"%!0%- %%
-)<,-$%&,*,- .%3#
*$,*0 /! #
(,*7 (,3"-#
/+#3&, 0%-% +$%$%# ,-%0-,;#$%56, ) $)! 8,--)!%56, &,
(#&%&6, (,$ %%&$# 3#*"-%56,7 , %+$)3" , &%)<#(>(#%&,**)- 4#
5,*0-)*"%&,*)%- %(#
,3%!#
9%56, &%*
<)--%$)3" %*&) .)*" 6, 0)**,%!) # 3*"#
"+(#,3%! , )3" %3",7 % .)3)-%!
#9%56, &%* ")-
> *)$0- )
$)3,- # $0%(", *) 36, < ,- %(,$0%38%&% 0,- # 3#(#
%"#4%* ?+) 4#*)$ % - )<,-$% &,* 0- F0-#
,*
0-,()**,* &% %&$# 3#*"-
%56,7 - ),-.%3#9%3&, *)- 4#5,*7 0-,$,4)3&, % )4,! +56, &%* %"#"
+&)* )
-%(#,3%!#9%3&, ,*-)(+-*,*);# *")3")*

K+%3", 2 &#*0,3#
/#!
#9%56, &) *)-4#
5,* 7 ,-"+.%!)- % )$ DD +$ &,*0%1 *)*(,$ $)! 8,-
&)*)$0)38,7 (,$ ()- (%&) 0,-()3", &,**)-4#
5,*&# *0,314)#
* *" %0)-
()3" %.)$ *+/#+0%-%ED
0,-()3" , )$ DDE7 $%*0%**%3&, , 4%! ,-% (,--)*0,3&)-% +$ &)*)$0)38, $'&# , )$ "
)-$,*
)+-,0)+* %1 *)*(,$, % +'(# %,+%_+*" -#
%%+$)3" %-
%$ )$ D 0,-()3" , , 3 $)-, &)*)-4#5,*
&#
*0,3#/#!#
9%&,* 3,* !
" #
$,*" -
:*%3,*7 *)3&, %.,- %!1&)-)*3)*"
%>- )%(,$, ')4# &)3(#
%&,
0)!%=#.+-% T

=#
.+-
% TW -
)*(#
$)3"
, &%&#
*0,3#
/#!
#9%56, &)*)-
4#5,*0 /!
#(,*)!
)("
-F3#
(,*)3"
-) DD ) DDE

=,3"
)C %0 )$#
3#@ DD B\ "
#!
#9%56, &,* )-
4#5,* /!
#(,* !
)("
-F3#
(,*3% +-
,0%\
7 7

, $)*$, * )3"
#&,7 %=#.+-% U $,*"-
%?+)7 3,* ! "
#$,*%3,*7 *)- ).#*"
,+ +$%&)" )-#
,-%56, &%
*#"
+%56, -)!
%"#
4% &) ,- "
+.%!?+%3" , %, .-%+ &) *
,<#*"
#(%56, &,* *)-
4#5,* 0 /!
#(,* )!
)("-
F3#(,*
@.-%+&)< ,-
3)(#$)3", &, *)-4#
5, &)<,-$%" ,"
%!$)3"))!)("-F3#(%B ).+3&, , -)!
%"F-#
, \"#!
#9%56,
&,* )- 4#
5,* /! #(,* !)("-F3#
(,*3% +- ,0%\
7 )$ DDE7 ,**)- 4#
5,*0 /! #
(,* %!
(%35%-%$

T
%&,*&% #-)(56, )-%!&% &$#3#
*"-
%56, /!
#(%@
&%&,*$%# *-)()3"
)*%0)3%*0%-% B
U
-$#3&% )4)* @ DD B7 *)
*(0*:3. Q
7&<*4/& 13@*BC3 /0 3)7 ('*.
7 +/!
#(%5G)* ,$ K+#
;,"
)
+$ .- %+ &) *,< #
*"#
(%56, &) US )$ ,- "+.%!
7 (,$0%-
%&,* (,$ ,* T S &% $'&# % &% 3#6,
+-,0)#%7 , ?+)(,! ,(% ,-"+.%!%$)# , &%" %/)!
% ,* ! "#
$,*" -:*%3,*7 ,-"
+.%!(-
)*()+ T 0,-
()3", ?+%3" , % )*")#3&#
(%&,-7 $+#
", %/%#;, &,*314)#
*&) (-
)*(#
$)3" , &)0%1
*)*(,$, % '!.#
(%7
_+*"-#
%7 " >!
#%,+ )# 3, 3#&,7 ?+)*)*#"+%-%$ )3"-),* )E 0,-()3" ,

=#
.+-
% UW -
)*(#
$)3"
, &%*,<
#*"
#(%56, &,**)-
4#5,*0 /!
#(,*)!
)("
-F3#
(,*)3"
-) DD ) DDE

=,3"
)C %0 )$#
3#@ DD B\ "
#!
#9%56, &,* )-
4#5,* /!
#(,* !
)("
-F3#
(,*3% +-
,0%\
7 7

$ ,- "+.%!7 ?+%3&, (,$0%-%&,*,** )-4#5,*&)*"#3%&,*%,*(# &%&6,*),*&# - #


.#&,*2*)$0- )*%*7
(,3*"%"
% *) ?+) )*" )* !"#
$,* %0- )*)3"%$ $%# ,- &)*)34,!4#$)3", **)- 4#5,* 0-
)*"%&,* %,*
(#
&%&6,* 0)- $# ")$ (,3*+!
"%)# $0-)**6, &) < ,-
$+! >-
#,*7 $%* 0- )(#
*%$ %# 3&% &) +$ .- %3&)
&)*)34,!4#
$)3" , &)<,-
$%%0)- $#"
#-?+)" ,&, , 0-,()&#
$)3" , *)I
%-)%!#9%&, 0,-4# %)!)("
-F3#
(%

% %&$# 3#*"
-%56, 0 /! #
(% ()3"-%!7 ) *).+3&, &%&,* &, /*)-4%"F-#, 0%-% % ,(# )&%&) &%
3<
,-$%56, ) &, ,38)(# $)3",7 % ","
%!#&%&) &,* ,- .%3#
*$,* &#*0+38% )$ DDE &) ! #.%56, 2
3"
)-3)"7 )$/,- % %0)3%* S &)**)* ,- .%3#*$,* " #
4)**) %()**, % +$% 4)! ,(#&%&) &) !#.%56,
*+0)-#
,- % R/0* 3"
)-3)" ' $%# * +"#!
#9%&% 3%* %("#
4#&%&)* &) 3%" +-)9% #3<,-$%"#4% )
(,$+3#(%(#,3%!7 "%#* (,$, -)(,!8% &) #3<,-$%56, ) &) &,(+$)3" %56, @ UDS &,* ,- .%3#*$,*B7
(,$+3#(%56, #3")-3%)3" -)&)0%- "%$)3",*@ ESB 7 ,+%()**, %/%*)&)&%&,*@ DSB +"#
!#
9%56,
&% 3")-3)")$ >- )%*(,$, % < ,-$%56, &) - )(+-*,*8+$%3,*,+ 3% - )%!#
9%56, &) %("#
4#&%&)*&)
A '%# 3&%- )&+9# &%3%$%# ,-#
%&,*,- .%3# *$,*7 *)3&, +"#
!#
9%&%&)< ,-$%- ).+!%-@ ,+<-)?+)3")B
)$ S ) S &,*,- .%3#*$,*7 -
)*0)("#4%$)3" )

.-%3&)$%# ,-#%&,*,- .%3#*$,*&%%&$# 3#


*"-
%56, 0 /!
#(%()3" -
%!0,**+#+$%0>.# 3%3% 3" )-
3)"
,3" +&,7 ,**)- 4#5,*?+),*,- .%3#*$,*$%# *&#*0,3#
/#!
#9%$ *6, %0)3%*#3<
,- $%"#
4,*7 " %#
*(,$, ,
(,- -)#, )!)("-
F3# (, 0%-%- )()056, &) $)3*%.)3* ,+ 0)&#&,* &) #3<
,-$%56, @ USB 7 #
3<,-$%56,
#3*"#"+(#,3%!%()- (% &, ,-.%3#*$, @ SB,+ # 3<,-
$%56, *,/-) ,* *)-4#
5,* 0-)*"%&,* @ SB *
*)- 4#5,* #3")-%("#4,* ,+ " -%3*%((#,3%#
* *6, %#3&% +$% -%-#&%&) 3,* *)-4#5,* &#*0,3#/#!
#9%&,*
7
$)*$, 3, N ,- "%!&, # &%&6,O

, ?+) - )*0)# "% %, (,$'-(#


, )!)("
-F3#(,7 %0)3%* DS &,* ,- .%3#*$,* 0 /!#(,* )<
)("+%-%$ )$
DDE (,$0- %*%" -%4'*&% 3" )-
3)" *0- #3(#0%#
*<%(",-)*&)/! ,?+)#, 0%-%+$%$%# ,-0)3)"-%56,
&)*"% %(" #4#&%&) *6, % #3()-")9% #3)-)3") %, 0- ,()**, *).+-%35%7 $)#,* &) 0%.%$)3" ,7
(,3"-%",*7 ")-$,*&))3" -
).%).%- %3"#%*W )%< %!
"%&)! ).#*!
%56, %&)?+%&% %$/'$ %?+#8>?+)
(-#%-%*(,3&# 5G)*3)()**>- #
%*0%- % )*"#
$+! %-% +"#!
#9%56, &%* 0%-%%- )%!#
9%56, &) (,$0-%*
)!)("-
F3#(%*0,-0%- ")&,*,-.%3#*$,*0 /! #
(,*

^# 3).>4)!, )* <,-5, <)#


", 3,* ! "
#$,* %3,* 4#*%3&, % $,&)- 3#
9%56, &% %&$# 3#
*"-%56, 0 /! #
(%7
(,3*).+#3&, *)7 0,-);)$0! ,7 % !#
.%56, 2 3")- 3)"&) " ,&,*,*,- .%3#*$,*0 /! #
(,*7 , %()**, %
#3<,-
$%56, />*# (% &,* *)- 4#5,*7 % #
3<,-$%"#9%56, &) %! .+3* *)(",-)* (8%4) 3% %&$# 3#*"-%56,
0 /!#(%@ % &)7 M+*"#5%7 &+(%56,7 ).+- %35% ,(# %!B7 ,+ %#3")-!
#.%56, )( -
+9%$)3" , &)%! .+$%*
/%*)*&)&%&,* 0)*%-&)$+# "
,*&)*" )**)-4#5,**)- )$ I>4# -
%&,*0%- %%*- )%#
*3)()**#&%&)*&,*
(#&%&6,*7 ,+"-
,** 6, %0)3%**)- 4#5,*#3<,-$%"#4,*7 *
)3&, - )!%"
#4%$)3" )-)&+9#&%%# 3")-%(5
6, (,$
,**)+*+" #
!#
9%&,-)*
)3&, %0-,(+-%&)*)- 4#
5,*0 /!#(,*0,-0%-")&,*(# &%&6,*))$0- )*%*(%&%4)9$%# *);#.)3"
)7
,/-#
.%%%&$# 3#*"
-%56, 0 /!
#(%%+$%- ),-.%3#9%56, )-)<
,-$+!%56, &)0-,()**,*7 &)$,&, %?+)
,**)-4#
5,*&#*0,3#
/#!
#9%&,**%"#
*<%5%$7 &)<,-
$%*# $0!)*))<#
(%97 %**+%*3)()**#&%&)*

$% %&$# 3#
*"-
%56, 0 /!#(% %, *)-4#5, &,*(# &%&6,*7 )$0-)*%*) &) " ,&% % *,(#)&%&)7 #$0! #
(% %
+"#!
#9%56, &, (,38)(#$)3" , (,$, 4)- &%&)#-
%%! %4%3(%0%- %%(,$0)" #"
#4#&%&)&, 0%1 * %+$)3" ,
&, 3 $)- , &)*)-4#
5,*" -%3*%((#,3%#*7 %0,**#/#!
#&%&)&)%()&)-%,**)- 4#5,*%?+%! ?+)-8,- %7 )$
?+%! ?+)-!+.%-)%0%- "#
-&)4>- #,*&#*0,*#"#
4,*@ #3(!+#
3&, ,*$F4)# *B7 %#3" )-!
#.%56, &%*&# <
)-)3" )*
/%*)* &) &%&,* );# *"
)3")* &) < ,-$% % (- #
%-+$ 4)- &%&)#-, N
/%3( , &) (,38)(# $)3" , &% O%,
*)-4#5, &,* (#&%&6,* ) )$0- )*%*7 % &#*0,3#/#!
#9%56, &) *)-4#5,* &) )*" 1$+!, 2 (# &%&%3#%)2
0%-"#(#0%56, &,* (#
&%&6,* 3% N (%+*% 0 /! #
(%O *6, )** )3(#
%#* 0%- % % 0%**%.)$ &, ,4)- 3,
!)("-F3#(, @ B0%- %, 0%" %$%-&, ,4)- 3, &, ,38)(# $)3" ,@' B

# $ !

0,3"
%$ *) %!.+3* ,/I
)("
#4,* ?+) 0,&)-
6, ,-#
.#3%- #
$0%("
,* *#
.3#
<#
(%"
#4,* 3% (%0%(#
&%&) &)
#
3,4%56, &)(#
&%&6,*)&%*)$0- )*%*)3%0- ,&+"
#4#
&%&)&%)(,3,$#%

,"
)3(#
%-, (,38)(#
$)3"
, );#
*")3"
)3,*4>-
#,*,-
.%3#
*$,*&%%&$#
3#*"
-%56, 0 /!
#(%Y

-
,$,4)-%$,/#
!#
&%&)&)<
+3(#
,3>-
#,*&%%&$#
3#*"
-%56, 0 /!
#(%Y

))*"
-+"
+-%-
7 (,3()3"
-%-)&)*$%"
)-#
%!#
9%-,*0-
,()**
,*)%("
,*&%%&$#
3#*"
-%56, 0 /!
#(%Y

#
$0!
#<
#(%-,*&,(+$)3"
,*&)#
&)3"
#<#
(%56, &, (#
&%&6,Y

*"#
$+!%-%0%-"#
(#0%56, &)$,(->"
#(%&,*(#&%&6,*7 0-
,$,4)3&, +$%$%#
,-#
3")-
%(56, &,*
(#
&%&6,*(,$ ,*)!)#"
,*)*)- 4#
5,*0 /!#
(,*
!

! " "
#
$%&'()% * ' *+,%- .'()% /)% '0. #
&#1'1*/ #$1#
/,*$/2&*# / ,'-' ,-%134#- &'5%- '% $6&*51'/
*7,- */'/*8%7*$. '-%0- */0#7*$.%*0%$97# 0%1*7:1# %*5 %$;%,- '4% 0','0# 1'1*1*# $%&'()%
1'/*7,- */'/:*//*$0# '5,'- '';*- '()%1*,- %13.%/0%7 7'# %-&'5%-'0-*/0*$.'1% /*$1%<3*%
0%$0*#.%1*#$%&'()%'=- '$;*&*- .*$.*/<3*&)%1'# $%&'()%. :0$#
0'1*,- %13. %%31*,- %0*//%1*
,-%13()% >#$%&'()%'17# $#/.
-'.#
&'*># $%&'()%1*7*- 0'1% /,%5 6.#
0'/;%&*- $'7*$.'#/1*&*7
0%$.-#
=3#-,'-'8 %-
.'5*0*-' 1# $?7#0' 1* #$%&'()% $' *0%$%7# ' 7'/ */.' /9 : ,%//6&*50%7 %
*7,*$@%1'/*7,- */'/ '/<3'# /1*&*7 8 3$0#%$'-0%7%,- #
$0#,'57%. %-1%,- %0*//%

0','0#1'1* 1* *+,%-.'()% : 1*.*-


7# $'$. * ,'- ' ;'-
'$. #
-' 0%7,*. #.
#&#1'1* 1'/ *7,-*/'/ *7
7*- 0'1%/ ;5
%='#/ $%&'()% * *+,%- .'()% .*$1*7 ' /*-0%7,5 *7*$.'-*/ 0%7% 7%/. -'' # ;3-'
'='#+% 7'/$)% /)% $*0*//'-#'7*$. * /#
$9$# 7%/ # $%&'()% :37 8 '0.%-1*0%7,*. #
.#
&#1'1*
1'/ *7,- */'/ ,%#/ ,*-7#.* 0-
#'- 37' 1# 8*-*$0# '()% 1* ,- %13.% <3* 5 @* 0%$8
*-* 7'# %- &'5
%-
'0-*/0*$.'1% .%-$'$1% % ,-%13.% 7'#/'. -'0.#&% $% *+.*- #%-* 0%$.-#
=3#$1% ,%-*//' &#' ,'-'%
'37*$. % 1'/*+,%- .
'(A*/ 37 0%$. *+. % 1* ;- '$1* '=*-. 3-' '% *+.
*-#%- ' 0%7,*. #
.#
&#1'1* 1'/
*7,- */'/'$6 &*5#
$.*-$'0#
%$'5:8 35
0-'5,'-''0- #'()%1*- #<3*4'*0%$97# 0'$'0#%$'5

#
;3-
' ','0#
1'1*/1' 7,-
*/'

','0#
1'1*/ */*7,*$@%1*
1* +,%-
.'(
)% +,%-
.'()%
%7,*.
#.#
&#1'1*

*/*7,*$@% $.
*-$'0#
%$'5
','0#
1'1*/
1* $%&'()% 1* $%&'()%

#
7,%- .
?$0#' 1* 7*1# 1'/ <3* 0%$. -#
=3'7 ,'-' % '37*$. % 1' 0%7,*. #.#
&#1'1* 1'/ *7,- */'/
,%-
.3;3*/'/*/. 2 ,'.
*$. * *7 #$1#
0'1%- */1% ""B $' 2-*'
*7,-*/'-#
'5 #
;3- ' 7%/.-' ',%/#()% 1* %-.3;'5*7 -*5'()% '% C5.
#7% 05'//#
8#
0'1% 1* 37
1* " ,'6 /*/ * -*;#A*/ <3*-*7 . *- 7%/ 1% 6
$1#0* ;*-'51* 0%7,*. #
.#
&#1'1* <3*-,'- '
%3.
-%/#$1#0'1%-
*/,'- .#
035'-*/- *5
'0#%$'1%/0%7 %1*/*7,*$@%*7,- */'-#'5

#
;3-
' %/#
()%1* %-
.3;'5*7 -
*5'()%'%,'6
/,#
%-0%5
%0'1%$%-
'$D#
$;

#$%
&'$()*+$* &(,-*.
%.%
/%$'$* $'+*,-)*+'+
"
!
B"
E
"

"

"

"

"
*'5
'5
@'1%-*/
'()%

/7%

0*//% *-0'1%

1'1*
' $.
%-*/ %,%
7,-*/'/

'()%

'(A*/1*
.
% ',#
%-7'()%
7,-**$1*1%-#

(%/
1','.

*$/#
'#
F$0#

*;35
.

'+' -*/0

G*-&#
',#
-'='5

$.
3/.
+,*-#

+,%-.
*/.
/#$1#0'1%-*/ *&#1*$0#'7 '5 ;3$/ 8'0.%-*/ 1* ;-'$1* -*5*&?$0#' <3* '8*0.'7 $*;'. #&'7*$.*'
0%7,*. #.
#&#
1'1*1'/*7,- */'/,%- .
3;3*/'/ %1*&*- #8
#0'-/ *<3* %- .3;'5%03,'%C5 .#7%5 3;'-1%
-'$D#$; *7 0','0# 1'1* 1* '1',. '()% 1'/ *7,- */'/ ' '5 .
*-'(A*/ $% 7*- 0'1% * *7
*7,- **$1*1%- #
/7% 1%/ ;*/. %-*/ 5 :7 1# //% ','-*0* *7 ,*$C5 .#7% * '$. *,*$C5.#
7% 5 3;'-*7
F$8'/* 1'1' ,*5 '/ *7,- */'/ > 8%-7'()% 1%/ . -'='5
@'1%- */ * *7 *+,*- #F$0#
'# $.*-$'0#%$'51%/
;*/.%-*/ 1* . %,% - */,*0. #
&'7*$. * % *$. '$.% ,*5 ' ,%/#.
#&' 1*/.'0'7 /* 8 '0.%-*/ 0%7% '
8'0#
5#
1'1*1*'0*// %'%/7*- 0'1%/1*0',# .'#/ %03/.%1%0',# .'5H7*1# 1%,*5 '.'+'1*I 3-%-*'51*
03-.% ,-'4%J ' # $.*$/#1'1* 1' - *;35'()% $% /*$. #
1% *7 <3* $)% - */.-#
$;* ' 0','0# 1'1* 1*
0%$0%--F$0#' 1'/*7,- */'/* 37' . '+' 1* 0-*/0#
7*$. %-*'51'/*+,%- .'(A*/1* /*- &#(%/*5*&'1'
*7 -*5'()%'%/%3. -%/,'6 /*/

5
'.'8%-7' ,'-' ' $%&'()% +,%- .
'()% * %7,*. #
.#&#1'1* ,*-7#.
#-2 >/ *7,-*/'/ 8
'4*-37'
'&'5#'()%1'//3'/,- 9,-#
'/0','0#1'1*/*0%7,'- 25'/0%7 %3. -'/*7,- */'/1%7*/7%/*0. %- 1'
7*/7' 1# 7*$/)% %3 1' 7*/7' -*;#)% /. * *+*-06
0#% 1* 'I
31'-2 '/*7,- */'/'
*/.'=*5*0*-<3'#/%//*3/,%$. %/8 %-
.*/* 8-
'0%/* ' 1*8 #
$#-,-#
%- #
1'1*/1* '0.3'()% <3*-' $6&*5
#
$.*-$% <3*-'$6 &*51'//3'/- *5
'(A*/0%7 %*+. *-
#%-

2-#%/ ;%&*-$%/ '// %0#'(A*/ * *7,-*/'/ 1* -*8*-F$0#' ' $6


&*573$1# '5I2 3.#5
#4'7 7:. -#0'/
0#*$. 6
8#
0'/ ,'-' 7%$#.%-#4'-' '0.#
&#1'1* *7,-*/'-#'5 '- ' 1*/
*$&%5&*-' ,5'.
'8%-7' ,C=5 #
0' 1*
'0%7,'$@'7*$. % 1' #$%&'()% *+,%- .'()% * 0%7,*. #
.#
&#1'1* /*-
)% 3.#
5#
4'1'/ 0%7% - *8*-F$0#'
#$#0#'.#
&'/ ;%&*-$'7*$. '#/ * ,-#
&'1'/ $'/ 2-*'/ 1* #$%&'()% * *+,%-.
'()% 1*/*$&%5 &#
1'/ *7
,'6 /*/0%7% ' 3/. -25#
' *#
$% $# 1% G#$;',3- ' %$; K%$; * :+# 0% 03I%/,- %;-
'7'/*
*5*7*$. %/1*'&'5#'()%/*1*/0- *&*7 /37'- #
'7*$. *

0+.
)12
%'

%&*-$% '3/.-'5
#'$% #
7,5*7*$. %3 % 0%7 % %=I*0.#
&% 1*
',%#'-*7,- */'/ <3* <3*#-'7 0%7*('-' *+,%- .'- ,'-' $%&%/ 7*-0'1%/ ,-
%;-'7' %8*-*0*
'5;3$/ /*-&#
(%/ ;-'.3#.
%/ ' ,*<3*$'/ * 7:1# '/ *7,- */'/ 0%7% '0%$/*5@'7*$. %*# $8%-
7'()%
/%=-* 0%7% 0%7*( '-' *+,%- .'- '0%7,'$@'7*$. % $'/ *+,%- .
'(A*/ '//#/.F$0#
' *7 7*- 0'1%/
*/.-'$;*#-
%/ * '&'5 #
'()% 1' 0','0# 1'1* 1* *+,%-.
'()% # &35
;' '#$1' #$8%-7'(A*/ /%=-* %/
=*$*860#
%/ 1* *+,%-.'- 8%-
7'/ 1* 8 #$'$0#
'7*$.% *7='5 ';*7 * 0%7*-0#'5
#4'()% 1* ,-
%13.%/ $%
*/.-'$;*#-
%- #/0%/1**+,%- .'()%*# $8%-7'(A*//%=-
*%/,'6 /*/1*1*/. #
$%

'&'5#
'()%1'0','0# 1'1*1**+,%- .
'()%:8 *#.''.-'&:/1*37 # $<3:-#
. %L
0%$/.#.
361% ,%- <3*/. A*/ <3'5#.
'.#&'/ -
*5'.#
&'/ '% 0%7,- %7#//% 1* %- #
*$.'()% #$.
*-$'0#%$'51'
*7,- */' * *7,*$@% 1* - *03-/%/ ,'-' 2- *' 1* *+,%- .'()% 7'- D*.#$; 1*/*$&%5&#7*$.% *
7'$3. *$()%1*- *5'(A*/0%7 05#*$.*/ 0','0#1'1*1*1*/*$&%5 &*-0%$.'0.%/$%*/. -'$;*#-% '0*//%
'- *03-/%/8#$'$0*#-%/ 0%$@*0#7*$. % * */,*0#'5
#1'1* ,'-' 1*/*$&%5&*-7*- 0'1%/1* *+,%-.'()%
*+,*-#F$0#
'1**+,%- .'()% 0','0#1'1* 1* '37*$. '-',- %13()%* 0','0# 1'1*1%/1*,'- .
'7*$. %/
8#
$'$0*#-% 0%$. '=#5
6/.
#0% *1*- *03-/%/@37'$%/ ,'- .
#-1'- */,%/.''*/. *#$<3:-#
.% '*7,- */'
-*0*=* 37 - *5'.9-#
% 0%$. *$1% #$8%-7'()% 1* '&'5 #'()% * *7 -*5'()% > /3'
0','0#1'1*'0. 3'5%3,%. *$0#
'5,'-'*+,%- .'-

+.
'$(+ #%
$(+$' ,3)
%&'

%/ 37 ,-
%;-
'7' 1% ! "# '.-
#=3#'$3'5
7*$.* %/
,-
:7#%/ $ % &! ' ' *7,-
*/'/ <3* /* 1#
/.#
$;3*7 ,*5
' /3'
<3'5#
1'1* *7 /*0.
%-*/ 0%7% ' #$1C/.
-#' /*-&#(%/ ,*<3*$'/ *7,- */'/ *130'()% * /*-&#
(%/ 1*
/'C1* /. */,-:7#%/ /)% '.-
#=36
1%/1* '0%- 1% 0%7 '/ - */,%/.
'/ ' 37 # $<3:-#
.% % "
" <3*'$'5#/'&2-#
'/0'- '0. *-6
/.#
0'/1'/*7,- */'/- *5'0#
%$'1'/0%7 %,*- 8
#5
1' %-;'$#
4'()% 5#
1*-'$(' ,5'$*'7*$. % */.
-'. :;#0% 05#
*$.*/ * 7*-0'1%/ '&'5 #
'()% '$25#
/* *
;*/.)%1%0%$@*0#7*$.%- *03-/%/@37'$%/ ;*/. )%1*,- %0*//%/*-*/35.'1%/

*%
#( #%
$(

" ! H J1% *# $% $#1% 1#/,%$#=#


5#
4' 37 0%$I3$.% 1* /*-&#
(%/
>/*7,- */'/<3* .*7 0%7% %=I
*0.#&% ,-
%7%&*-% / *3 1*/*$&%5&#
7*$. % '# $%&'()% *% '37*$. %
1',- %13.#&#
1'1* //%5 3(A*/1*',%# %>/*7,- */'/*/.)%'1',. '1'/'1# 8*-*$.*/*/.2;#
%/1%/*3
1*/*$&%5&#7*$.%*# $05
3*7 *$. -
* %3.-'/ '/&*-.*$.*/1* 0-*/0#7*$.% '.-'&:/1' #$%&'()% * '/
7*5@%- */ ,-2.
#0'/ 0%7 % %=I*0.#
&% 1* .%-$'- '/ *7,- */'/ 7'# / *8#
0#*$.*/ 0%7,*. #.
#&'/ *
5
30-'.#&'/

//*- &#(%/1% #$053*7 '1#/,%$#=#


5#
4'()%1*;3# '//%=-*.*7'/0%7% '0- #
'()% 1*&'$.';*$/
0%7,*. #.
#&'/ '.-'&:/ 1' # $%&'()% <3*/. #
%$2-#%/ 1* '&'5#
'()% 1'/ *7,- */'/ *
'0%$/*5@'7*$.% 1* '0%- 1% 0%7 '/- */,%/.
'/ '%/<3*/.#%$2-
#%/ / 1#
7*$/A*/ 1* '&'5#
'()% 1'/
*7,- */'/#$05
3*7 %,5 '$*'7*$. %*;*/.)%1%0- */0#7*$.
% &*$1'/ 7'-D*.#
$; -*03-
/%/@37'$%/
*+,5%-'()%1*# 1*#
'/# $%&'1%-'/ .*0$%5
%;#'/1'#$8%-7'()%*0%7:-0#%*5*0.
-9$#
0%

%
#4'-0)
'

7 G# $;',3- ' % # ( ! % '.-#=3# &2-#


%/ ,- :7#%/ *
0*-.#
8#0'(A*/ >/ *7,- */'/ G)% 1* 1*/. '0'-%/ - *5
'0#%$'1%/ 0%7 ' #$%&'()% $%7*'1'7*$. * %
,-:7# %# ' * % ,-%;-'7' # <3* ,%1* 5*&'->
0*-.#
8#0'()% * '.-#
=3#()% 1' 7'- 0' % ,-%0*//% 1*'&'5 #
'()% '/*7,- */'/,- **$0@*7 37
#$<3:- #
.%% # *-*0*=*7 % - *5
'.9-#
% 0%7 " <3*#$053#'#$1#0'()% 1%/,%$. %/8%-.*/
1' *7,- */' '/2- *'/' 7*5 @%-'- 37' '$25#/* 1* *-*0%7*$1'(A*/1* " !
' /*<3F$0# ' 1*/.* ,-%0*//% : '.-#
=361' ' 7'- 0' %3 : ,-%,%/.' $%&' '&'5 #
'()% ',9/
#7,5*7*$. '()%1'/- *0%7*$1'(A*/

#
$<3:-#.% ' ,-
**$0@*-,*5'/*7,- */'/H # J: <3'5#
.'.
#&% * #
$0#1* /%=-
* 0%$1#
(A*/ 035.3-'
0%7,*.F$0#'/* 0%$*0.#&#
1'1* *$. -% 1*/.
'/2- *'//)% '$'5#/'1%/*5 *7*$.%/ 0%7% ' 5
#1*-'$('
*/.
-'.
:;#' 1* # $%&'()% '.#.
31* ,*-'$.* $%&'/ #1*#'/ * -#
/0%/ - *03-/%/ @37'$%/ - *1*/ 1*
0%73$#0'()%1',%5 6.
#0'1*#$%&'()%*- */35
.'1%/1*# $%&'()%

5(#4 6(#4

) * ! ! HK J 8 #$'$0#
'1% ,*5 % %&*- $% * ,%-- *0*#.'/ 1* /*-&#
(%/
,-*/.'1%//3- ;#3 0%7 % %=I *0.
#&% 1* ,-
%7%&*-% '37*$. % 1' ,-%13.#&#
1'1* * % 3/% 1* 7:. %1%/
7'# / *8
#0#
*$.*/ $'/ *7,- */'/ '- ' % *8*# .
% */. '# $/.#.
3#()% -*0%--*'8 *-
-'7*$. '/ 0%7% %
$ $ H J1* ',%# % '% 1*/*$&%5&#
7*$. % 1' '0.#&#
1'1* 1*
#$%&'()% ,'- ' ' - *'5#
4'()% 1* 0%$/35 .%- #
'/ <3* 'I 31'7 '/ *7,- */'/ ' 7*5 @%- '- % /*3
1*/*7,*$@% G)% '# $1' 1#/,%$#=#
5#
4'1'/#$8 %-7'(A*//%=- * 0*$.-%/1* *+0*5F$0#' ,- %;-'7'/1*
8%-7'()% - *5'.9-#%/ 1* #
$1C/.-#'/<3* #$053*7 '$25 #/*/ 1* ;*6 $1#0*/ -*5'0#
%$'1%/
0%7 03/. %/ %,*- '0#
%$'#/ 8 #
$'$0*#-%/ * 1* # $&*/.#
7*$. % '&'5 #
'()% 1* - #
/0% %,%- .3$#1'1*/ 1*
7*- 0'1%*- *03- /%/@37'$%/

37%
&(

% :+# 0% % ',%# % >*+,%-.'()%:8 *#


.% ,*5
% '$0%7*+. ,- %;-'7'1*'//*//%- #
'*'//# /.F$0#
'
.:0$#0' #$05
3#37' '3. % '&'5#
'()% <3* ,*- 7# .
* > *7,- */' 0%$@*0*-% ,- %0*//% 1* *+,%-.'()%
1*8#$#- *7 <3* *. ',' /* *$0%$. -
' * 1*. *0.'- %,%-.3$#1'1*/ ,%1*$1% '//# 7 '8 *-#
- '/ /3'/
$*0*//#1'1*/ * %/ ',%# %/ ' -*<3*-*-,'- ' ,'-.#
0#,'-0%7 F+# .% $%/ 7*-0'1%/ #$.*-
$'0#%$'#/
'$0%7*+. 1# &35;' '#$1' #$8%-7'()% /%=- * ,%.*$0#
'#/ 0%7,- '1%-*/ */.-'$;*#-
%/ * / %=-*%
0%7:- 0#% $% *+.*-#
%- <3* /*I' 1* #$.*-*//* ,'-' '/*7,- */'/*+,%- .
'1%-'/%3 0%7 ,%. *$0#'51*
*+,%- .
'()%

B
7*1#()% * '&'5#
'()% 1'/0','0#1'1*/* 1*/*7,*$@% 1'/'0. #&#1'1*/1* #$%&'()% * *+,%-.'()%
1'/ *7,- */'/ ,%- .
3;3*/'/ ,*-7#.#-
2 8'4*- ' 7%$# .
%-#4'()% 1%/ ,-%;-'7'/ 1* # $%&'()% *
*+,%-
.'()% #1*$.#8#
0'-'/2-*'/1*'0. #&#
1'1*<3*$*0*/ /#.
'7 1*/*-7*5 @%-'1'/ 1*8#
$#-%=I *0.#
&%/
* 7*.'/''. #$;#- * 7*5@%-
'-%1*/*7,*$@% '&'5#
'()%'%$6 &*51'#$%&'()%**+,%- .'()%=*7
0%7%1' 0%7,*. #
.#&#
1'1*;*- '51'/*7,- */'/-*<3*-' 0%$0*,()% 1* 37 #$/.-37*$.% 1* 7*1# ()%
1''0.#&#
1'1**7,- */'-
#'5

#$/. -
37*$. % 1*'&'5 #'()%/*-20%$/. #.361%,%-. -F/79135 %/1*7C5 .#
,5'/<3*/.A*/ <3*# $053*7
#
$1# 0'1%-*/ .'$;6&*#/H *+M $C7*- % 1* 8 3$0#%$2-#%/ $C7*- % 1* . *-7#$'#
/ 1* 0%7,3. '1%-
,*-0*$. ';*7 1'/- *0*#.'/ #
$&*/.#
1' *7 N *. 0 J* # $.'$;6&*#
/H *+M *7,*$@% 1%/ ;*/. %-*/$'/
'0.#&#1'1*/ 1* ',%# % > *+,%- .'()% * # $%&'()% %- #*$.'()% ,'-' % 7*- 0'1% * 0%$/37# 1%-*/
#
$%&'()% 1* 7*- 0'1% 1* ,- %0*//%/ . *0$%59;#0' *. 0 J /. */ 79135 %/ 0%--*/,%$1*7 '%
O 0%7,'$@'7*$. % 1' 0','0# 1'1* 1* # $%&'()%P '% O 0%7,'$@'7*$. % 1' 0','0# 1'1* 1*
*+,%- .'()%P* '% O 0%7,'$@'7*$. % 1%/ 8 '0.%-*/ ;*- '#
/ 1* 0%7,*. #.#
&#1'1* *7,- */'-#
'5P 03I %
%=I*0. #
&% : 1#/,%$#=#5
#4'- >/ *7,- */'/ '%/ 1*0# /%-*/ ,C=5 #
0%/ * ' %3. -
%/ ,'-0*#-%/ 37' /:- #*
#
$.*;- '1' 1* 7:. -#
0'/ 1*/*$&%5 &#1'/ 0%7 - #
;%-,'- ' '&'5 #'-' '0.#
&#1'1* *7,- */'-#'5$'/ 2- *'/
-*8
*- #1'/

3.#
5#
4'()% 1* #
$1#0'1%-*/ #$.'$;6&*#
/: 83$1'7*$. '5,'-' ' '&'5#
'()% 1% 1*/*7,*$@% 1'/
*7,-*/'/*7 .*-7%/1* %- #
*$. '()% ,'-'' #
$%&'()% * *+,%-
.'()% ,%#
/,*-7#.
* *&#1*$0#
'-8
%$.*/
1*#$%&'()%1*$.-%1'*7,- */'**7,*$@%*7 - *5
'()%>/'0. #
&#1'1*/1**+,%-.'()% 7 */,*0#
'5
$*/.
'/C5.#7'/2-*'/ '5;3$/1%/*5 *7*$.%/83$1'7*$.'#/,'-'%/30*// %1'*7,- */'$)%,%1*7
/*-7*1#1%/1*8%-7'<3'$. #8
#0'1'

,-#
7*#-% 79135% 1% #$/.-
37*$.%. *-2 37 ;- 3,% 1* <3*/.A*/ <3* ,*- 7#.
* '&'5#'-% ;-'3 1*
#
$%&'()%Q % /*;3$1% 79135 %.*-2 %3.-% ;-3,% 1* <3*/. A*/ ,'-' '&'5
#'()% 1' 0','0#1'1* 1*
*+,%-
.'()% 7 '7=%/ %/ 0'/%/ ,'- ' '5
:7 1' 0%7,%$*$. * 1#
-*0.
'7*$. * 1#-#
;#1' >/ 2-
*'/ 1*
#
$%&'()%**+,%- .'()% /*-)%.'7=:7 0%$/# 1*-'1'/'/2- *'/1*/3,%- .
*'*/. '/'0.#
&#1'1*/0%7%
%7'- D*.
#$; %//#/.*7'/1*# $8
%-7'()%*. *0$%5%;#
'*%/- *03-/%/@37'$%/ *$. -*%3.-%/

.*-0*#
-%;-3,%1*<3*/. A*/1# -
#;* /*'. %1'/'/*7,- */'/03I ','- .
#0#
,'()%$)%/**$<3'1- *$%/
79135 %/'$.*- #
%-*/ %3 /*I' '<3*5 '/<3* $)% . F7 ,%. *$0#
'51* # $%&'()% %3 *+,%-.'()% %3 03I%
%=I*0.#
&% */.-'.:;#
0% $)% /* 0*$.-* $*/ .
'/'0. #&#1'1*/ /. )% $*/.* ;-3,% ' ;-'$1* 7'# %-#
' 1'/
7#0-%*,*<3*$'/*7:1# '/*7,- */'/,%- .3;3*/'/ G*$1%'//# 7 */. *79135 %1%#$/.-37*$. %.*7
0%7% %=I *0.
#&% ' 7*1#()% 1%/ 8 '0.%-*/ <3* '8 *0.'7 ' 0','0#1'1* *7,- */'-#
'51*/.* ;- 3,% 1*
*7,- */'/ 1#-#
;#$1% /*'. %1'/'/2- *'/<3*/)%1*. *-7#$'$.*/,'- ''/3'0%7,*. #.
#&#
1'1* 0%7%
/*I
'7 % *7,- **$1*1%-#/7% '%- #*$.'()% 1* 7'- D*. #
$; %//# /.*7'/1* # $8%-7'()% * .*0$%5%;#
'
%//#/.*7'/1*<3'5 #
1'1* '2- *'1*0%7,- '/ %/- *03-/%/@37'$%/*%/- *03-/%/8#$'$0*#-%/

/ <3*/.#%$2-#
%/ /*-)% ,-**$0@#1%/ ,*5' *7,- */' 1* 8
%- 7' '$9$#7' * *7 /# /.
*7' 1* '3. %
'&'5
#'()% % # $/.-37*$.% 1* 7*1# ()% * '&'5
#'()% /*-
)% 3. #
5#
4'1'/8*--
'7*$. '/,'- '.*/.'-/* %
#
$<3:- #
.% : ,-**$0@#
1% 0%7 - #
;%- * 0%*-F$0#
' % <3* 'I 31'-2 $' &'5
#1'()% 1'/ -*/
,%/.'/ /
<3*/.#
%$2- #
%/ /*-)% ',-*/
*$. '1%/ 1* 8%-7' 7%135 '- ,*5% <3* 1*&*- )% /*- ,-
**$0@#1%/ ,%-
1#
8*-*$.*/-*/,%$/2&*#/1*$.-%1'*7,- */'0%$/%'$. *'2- *'/%=- *'<3'5# $0#
1*%79135 %

-*/,%/.''%/<3*/.#%$2-#%/,*- 7#.#
-2 '0%$/.-3()% 1*37 /#/.
*7'1* ,'-' '/*7,- */'/
'.-
'&:/1' '. -#
=3#()% 1* 1#8
*- *$.*/,%$1*-'(A*/>/1# 8
*-*$.
*/<3*/. A*/* -*/,*0.#
&'/- */,%/.'/
'#/0%$0- *.
'7*$. * /*-2 ,%//6&*5' 0%$/.
-3()% 1* ,'-' ' 2-*' 1* #
$%&'()% ,'-' ' 1*
*+,%-.'()%*,'- ''0%7,*. #
.#&#1'1*;*-'51'*7,- */'

'$25#
/**. -'.'7*$.%*/.'.6
/.#
0%1'/- */,%/.'/,*-7#.#
-2%*$&# %,'-''*7,- */'1*37 - *5
'.9-#
%
1* " /%=-* %/ -
*/35.
'1%/ %=.#
1%/ *7 . *-
7%/ 1* %/ ,%$.%/ 8%-
.*/ * 8
-'0%/ 1'
*7,- */' * /3;*/.A*/1* 8'0.
%-*/' 7*5 @%-'- -*5
'.9-#
%#$053#
-2 37' '$25#/* 1*
*&#1*$0#
'$1% % ,%/# 0#
%$'7*$.% 1' *7,-*/' 1*$.-
% 1% /*3 /*0.
%-1* '0.#&#
1'1* <3*-*7 . *-7%/
;5%='#
/ <3*-*7 - *5'()%'37 0%$I 3$.
%1*2- *'/0%$0-
*.'/ /. *-
*5'.
9-#
% 0%$/.
#.3#
-237 7*#%1*
0%73$# 0'()%1'/#.3'()%1'*7,- */'<3*/*-&#
-20%7%*5 *7*$.%1*',%#% >.%7'1'1*1*0#/A*/
%-%3. -%5'1% % 7*5 @%-0%$@*0#
7*$.% 1%/,%$.%/8%-
.*/* 8-
'0%/1%/&2- #
%//*0.%-*/'I
31'-2>
%-#*$.
'()%1'/,%56.#0'/,C=5#
0'/

1#
/,%$#=#5#
4'()% 1% #$/.-37*$.% 1* '&'5#
'()% /*-
28 *#.
' '. -
'&:/1* 37' ,5'.'8%-
7' <3*
,*- 7#.
#-2 >/ *7,- */'/ -*/,%$1*- '%/ <3*/.#
%$2- #%/ * '0%- 1% 0%7 '/ -*/,%/.'/ 1'/
*7,- */'/ ' /%53()% .*0$%59;#
0',- %134#-
21*8 %-
7' .)% '3. %72.#
0' <3'$.
% ,%//6
&*5 *1*'0%- 1%
0%7 0- #
.:-#%/*/.'=*5*0#1%/ % -
*5'.
9-#% 1*" ' *$&#'-> *7,-*/' /. ' /%5
3()% .*0$%5
9;#0'
,%1*- 2/*- &#
-1*='/ *,'- ''0-#
'()%1*37 8 9-37 1**7,- */'/ *$&#
%1* .
*72. #
0'/%3
1#/,%$#=#5
#4'()%1*# $8%-7'()%

,*/'-1' 3. #
5#
4'()% 1' ,5
'.'8%-7' ,'-' % ,-
**$0@#7*$.% 1%/# $<3:-#
.%//*-8 *#.
' *7 /#/.
*7' 1*
'3. % '&'5
#'()% 1* 8%-
7' '$9$# 7' '/*7,- */'/<3* '1*-#
- *7 > ,5'.'8%-7' ,%1*7 '0*1*-' 37
0%$I 3$.% 1* /*-&#
(%/ %1*7 /*-',%$. '1%/ 0%7% *+*7,5 %/ % -*5
'.9-#% 1* " ;-'.3#
.%*
0%$8 #
1*$0#'5 #$8%-7'(A*/ /%=-* '0*//% ' 8 3$1%/ ,-:7# %/ 0*- .
#8#
0'(A*/ ,'- 0*-
#'/ * %3.-'/
#$1#0'(A*/*7 8 3$()% 1* $*0*//#1'1*/*/,*068#
0'/1'/*7,- */'/<3* &*$@'7 ' /*-# 1*$.
#8#
0'1'/
,*5%/<3*/. #%$2-#
%/

1# /,%$#=#
5#
4'()% 1'/ -*/,%/. '/ '%/ <3*/.#%$2- #
%/,'- ' '/*$.#1'1*/,C=5 #
0'/ /*-28*#
.' ',*$'/
<3'$1% */* '*7,- */''//#7 % 1*0# 1#- %3 /*I' 0'=*> *7,- */' */0%5@*-/*,- *8*-*8#
0'-0%7 '
#
$8 %-7'()% - *0%5
@#1' /9 ,'- ' /#%3 / * ' <3*- 1# &35;'- % *$. '$.% ' 1# /,%$#
=#5
#4'()% 1'
#
$8 %-7'()% ,'- ' '/*$. #1'1*/,C=5 #0'/,%1* /*-0%$1# ()% $*0*//2-#' ,'-' <3* ' *7,-*/' ,%//'
'0*1*-'1*. *-7#$'1%/- *03-/%/%3/*- &#(%/ S3'$1%*/. #
&*-*7 0'3/'%'0*//%'8 3$1%/,C=5 #
0%/
.*-)% $*0*//'-#'7*$. * 1* *+#/.#
-%3. -%/7:. %1%/1* &'5 #
1'()% 1'/- */,%/.'/ % <3* ,'//'-2 ,*5
'
I3/.#8#
0'()% 1'/ - */,%/. '/ 1* 8%-7' 1*/0- #.#
&' $%7*'1'7*$. * $%/ 0'/%/ *7 <3* 8 %-*7
1*. *0.'1'/#$0%*-F$0#'/ %3,*5 '-*'5#4'()%1*'31# .%-#'/

*/.'&*-.*$.* ',5'.
'8%-7'0%$/.#.3#/*0%7%37 #$/.-37*$.%1*'&'5 #
'()%*',%# %>/*5*0()%1*
*7,- */'/ S3'$1% %/-*03-
/%/ */,*0#'57*$.
* %/8#$'$0*#
-%/ */0'//*#
'7 : 83$1'7*$.'5<3* '/
,%56
.#
0'/,C=5#0'/1*',%#% >#$%&'()% *+,%-.
'()% *0%7,*. #
.#
&#1'1*/*I'7 /*5
*0.
#&'/,*5%<3*'/
*/0%5@'/.F7 1*/*',%#'-*7 #$/.-
37*$. %/05
'-%/ #
/*$.%/*0- *16
&*#/

//#
7 */.
'/7*1#
1'/.
*-)%7C5
.#
,5'/#
7,5
#0'(A*/,'-
''/,%5
6.
#0'/,C=5
#0'/M

%7 ' '&'5#
'()% 1% ;-'3 * 0%7,*. F$0#
'/ 1'/ '0.
#&#
1'1*/ 1* *+,%-.'()% * 1* #
$%&'()%
'.-
'&:/ 1* 37 0%$I3$.% 1* 7:. -#
0'/ 05
'-'/ 0-*16
&*#/ * &'5
#1'1'/ 0#
*$.#
8#
0'7*$. * /*-2
,%//6
&*537' 7*5 @%- 1#/.
-#=3#()% 1%/ -*03-
/%/ */0'//%/ $'0#%$'#
/ %3 *3- %,*3/ ,'-'
1#
8*-*$.
*//*0.%-
*/1''0. #
&#1'1**0%$97# 0'

'$25#
/* 1'/ -
*/,%/.
'/ ,*-
7#.*#1*$.#
8#
0'- *7 0%$I
3$.
% 0%7 '/ *7,-*/
'/ $'0#
%$'#
/
<3'#/'/7*5 @%-
*/8%-7'/1*',%#
%,'- '%1*/*$&%5
&#7*$.
%1'/'0.#
&#1'1*/1*#
$%&'()%*
*+,%-.
'()%

#
$/.-37*$.% 1*7*1# ()%,*-7#.*/3/.*$.'-%,(A*/- 2,#
1'/ #/*$.'/*/3/. *$.'1'/*$.-
*
*7,-*/'/ %7 '&'5 #
'()%,*- #
91#0'.%-$' /
*7'# /8 20#
50%7,'- '-'*7,- */
'0%7 %/*0. %-
$37 '$% */,*068
#0% * '% 5
%$;% 1% .
*7,% 5 :7 1#//% */.' '&'5
#'()% ,%1* /*-8'0#
57*$.
*
&*-
#8#
02&*5,%-'31#.%-#' /**<3'$1%$*0*//2- #%

*-7#.* %-#
*$.'-% '0*//% ,-
*8*-*$0#
'5' -
*03-/%/,C=5#
0%/* ' /*5 *0(
)% 1* *7,-*/'/$%
<3* 1#4-*/,*#.%'83$1%/0%73$# .
2-#
%/,'-'#$%&'()% * *+,%-.'()% ;-'$1*/,-%I
*0.%/*
0%$.-
','- .
#1'/*,-#%-#
1'1*/1*# $&*/.#
7*$.%1#
- *0.
%*/.-'$;*#-
%

%-%3.-%5'1% '% $6&*5*7,- */'-#


'5 &2-
#'/-
'4A*/ I
3/.
#8#
0'7 ' 3.#
5#
4'()% 1* 7*1#
1'/0#
*$.6
8#
0'/
0-*16
&*#
/,'- ''&'5#
'-' 0','0#1'1**% 1*/*7,*$@% 1'/'0.#
&#1'1*/1'*7,- */' $%7*'1'7*$.*
'%$6&*51'#$%&'()%**+,%- .
'()%M

R
7%$# .
%-#
4'()% '$3'5'I
31'-2 %/ ;*/.
%-*/ -
*/,%$/2&*#/ ' 1*8
#$#-%=I
*0.#
&%/ 05
'-%/ * '
-*,'-.
#-%/- *03-
/%/,*5%/1#
8*-*$.
*/$*;90#%/ ,*-7#.#$1% 0%$.-
%5'-7*5@%-'/0'3/'/1*
/30*//%*#$/30*//%

G3/.
*$.
'()% 1' 0%73$#
0'()% 1* -*/35
.'1%/ ',%#
'$1% %/ ;*/.
%-*/ $' '&'5
#'()% 1'/
1#
7*$/A*/1**+,%-.
'()%*1*# $%&'()%1'*7,-*/'

I31''%*/.'=*5*0#
7*$.%1*,-
#%-#
1'1*/'$3'#/,%#
/'1*8#$#()%1*7*1#
1'/1*#
$%&'()%*
*+,%-.
'()%05'-
'/'I 31'-
2'*7,-*/''8%0'5
#4'-%//*3/*/8%-(%/

$/.
-37*$.% 1* ,-
%7%()% 1' 731'$(' 035
.3-
'5* 1* 7%.#
&'()% 1% " '.
" -'&:/ 1*
0%7,*$/'(A*/0%7 ='/**7 7*.
'/1*#$%&'()%*1**+,%-.
'()%

,%#
%'% ,%1*$1%/
*-'='/*,'-
'','-
.#5
@'1*#
$8%-
7'()%*$.
-*;*/.
%-*/
'%$6&*51'*7,-
*/'%3*$.-
**7,-*/'/

*-*'5('-<3* */.
*/=*$*8 6
0#%/,'-
' '*7,- */' /)% #
$1*,*$1*$.*/1' /3' 1*0#/)% 1* 1#
&35;'()%
1%//*3/1'1%/,'- ' %/1*0#/%-*/,C=5
#0%/ %3 /*I' ,%1* .
#-'-,'-
.#1% 1* 37 0%$I3$.% /95
#1% 1*
#
$8%-
7'()%7*/7%- */,%$1*$1%'%/<3*/.#%$2-
#%/1*8 %-7''$9$#7'

*.
($(2
(4%
'

*5'=%- '()%1%/# $<3:-#.


%/1%# $/.-37*$.%1*'&'5 #
'()%/*- 2#$#0#
'1'0%7 '/ *5*0()%1'/7:. -#
0'/
' 3. #
5#
4'-7'/ 0%$. '-2 0%7 " 1* #$/.#.3#
(A*/ ;%&*-$'7*$. '#/ '//%0#'(A*/ *7,- */'- #
'#/
1#-*0.%-*/;*- '#/ - */,%$/2&*#/ ,*5'/ '0. #
&#1'1*/ 1* *+,%- .'()%T#
$.*-$'0#%$'5#
4'()% * 1*
$&*/. #
;'( )% * */ *$&%5&#
7*$. % *$.-* %3. -%/ G*-)% - *,-*/*$.'1'/ *7,- */'/ 1* 1# 8*-*$.*/
1#7*$/A*/*/*0. %-*/ %/. *-#
%-7*$. */*-)%5 *&'1'/'0'=%'0(A*/1*1# &35;'()%*1*7%$/. -'()%
1',5 '.'8%- 7'. *0$%59;#0'*1*'$25 #/*,-*5#
7# $'-1%/1'1%/<3*,*- 7#.
#-)%%',*- 8
*#(%'7*$. %1%/
<3*/. #
%$2- #%/ G9 /*;3# $1% 37' 7*. %1%5%;#' 0%7 &2- #
'/ 8'/*/ 1* ,3-#8#
0'()% 1% #$/.-
37*$. %*
.*/.*/ 1* &'5 #
1'()% 0# *$.6
8#
0' : ,%//6
&*5'// *;3-'-<3* '/ 7:. -#
0'/ /*5*00#
%$'1'/ /)% 0- *16&*#/
&25#1'/ I 3/.'/*# /*$.'/

G*$1% '//#
7 % 1*/*$&%5&#
7*$.
% 1% #
$/.-37*$.
% 1* '&'5
#'()% * ' /3' #
$.*;-'()% $' 5'.'8
%-7'
,'-'' $%&'()% +,%- .
'()%* %7,*.#.#
&#1'1*:37 ,-%0*//%03I'/,- #
$0#,'#
/*. ','//)%M

*&'$.
'7*$.
%*+'3/.
#&%1*/%5
3(A*/;%&*-
$'7*$.
'#/**7,-
*/'-
#'#
/1*-
*8*-
F$0#
''$6
&*5
73$1#'5Q

*&'$.
'7*$.
% *+'3/.#
&% 1'/ ,-#
$0#,'#
/ 7*1#1'/ 0#*$.
68#
0'/ * *7,-
*/'-#
'#/ .
'$;6
&*#
/*
#
$.'$;6
&*#
/,3=5
#0'1'/$'/,-#
$0#,'#/-*&#
/.'/0#
*$.6
8#0'/'$6 &*573$1#
'5Q

*&#
/)%1%# $/. -37*$.%1*'&'5 #
'()%*7 8 3$()%1%" 1*M #
$&*/.#;'1%-
*/$'0# %$'#
/
*#$.*-$'0# %$'# /0%7 ,3=5#0'(
A*/*7 - *&#
/.'/0#*$.68
#0'/1* .
%,% ' $6&*573$1# '5
Q *
#$#
/.:-#
% 1' 0%$%7# ' * 1' $%&'()%Q $/.#.
3#(A*/ %&*-$'7*$. '#/H 1
*. 0J Q //%0# '(A*/ 7,- */'-#
'#/H *.0JQ //%0#'(A*/
G*0.
%- #
'#/Q $/.#.
3#(A*/ '$02- #'/ * # $'$0*#-
'/Q %3.-'/ $/. #
.3#
(A*/ $'0# %$'#/ *
#
$.*-$'0#%$'# /Q

-
'13()%,'-
',%-
.3;3F/1%/<3*/.
#%$2-
#%/Q

*&#
/)%1%#
$/.
-37*$.
%*7 ,%-
.3;3F/*7 8
3$()%1%8
**1='0D1*M

-
*/#
1*$.
*/* /Q

*/,%$/2&*#
/ ,*5
'/ 2-
*'/ 1* $%&'(
)% $&*/. #;'()% * */*$&%5
&#7*$.
% - %13()% *
S3'5#
1'1* +,%- .
'()% '-D*.#
$; */. )% 1* *03-/%/ 37'$%/ *0$%5%;#' %7,- '/*
#
$'$('/Q

*/,%$/2&*#
/,%-7#
0-%*,*<3*$'/*7,-
*/'/

E
! $'0#%$'5'$9$#7% * &%53$.2-
#% '. %1'/'/*7,- */'/#$.*-
*// '1'/ /.' *.','
.*-2%',%# %1*37 *.*-20%7%%=I *0.#
&%%=.*-1'1%/,'- '8 '4*-37 ,-:.*/.*
$'0#%$'5H'.-'&:/1*37''7%/. -'-*,-*/*$.'.#&'J* /#735.
'$*'7*$. * 1'-'0%$@*0*->/
*7,- */'/ * #$/.
#.3#
(A*/ <3* */.#
&*-*7 #$.
*- *//'1'/ '/ 7:.-#
0'/ <3* /*-)% #
$05
361'/ $'
,5'.
'8%-7'Q

8 3-#8#
0'()% 1% #$/.-37*$.
%8#$'5'.-'&:/ 1% " -*0*=#1% * '.
-'&:/ 1* 7:.%1%/
*/.'.6
/.#0%/ '&'$('1%/ */.'8'/* % #$/.-37*$.
% */.'-
2 ,- %$.
% ,'-' /*-#$.
*;-'1% $'
5'.'8%-
7','- '' $%&'()% +,%-.'()%* %7,*. #.
#&#
1'1*

%7 % %=I *0.
#&% 1* 1#
/.#
$;3#
- ,*-
#%1#
0'7*$.* '/ *7,-*/'/ * %/ *7,-*/2-
#%/ 7'#
/# $%&'1%-
*/
,-%,A* /*'0- #
'()%1*37 O -:7#%1* $%&'()%P /. *,-:7#%83$0#%$'-#
'0%7%37 # $0*$.#
&%,'-'
'/*7,- */'//*;3#-*7 37'&#'1*0-*/0#
7*$.%%- #
*$.'1','-''# $%&'()%

*7,*$@% 1'/ *7,- */'/ ,'-' %=. *- */.* ,- :7#% */. 2 1*,*$1*$. * 1' /3' &#/#=#
5#
1'1* *
0-*1#=#
5#
1'1* */. '8 %- 7' .*-#
' 1* /*-'5&% 1* '5 '-;'1' 1#&35;'()% ,'- ' <3* % #
7,'0.% $% 7*#%
*7,- */'-#
'5*$'/%0# *1'1**7 ;*- '58%//**5 *&'1% 0- *1#
=#5#
1'1*1*/. '1# /.#
$()%,'//'. '7=:7
,*5'*+#/.F$0#
'1*0- #.:-#
%/05'-%/1*05 '//#
8#0'()% <3*# $053#
-#'7 '%=. *$()%1* 76$#7%/1*
#$%&'()% $% #$/.-
37*$. % 1* O 0%7,'$@'7*$. % 1' 0','0# 1'1* 1* # $%&'()%P * 1* 37 I C-
#
0%$/.#.
361%,%-#$/.#.
3#(A*/*,*- /%$'5#
1'1*/1*- *0%$@*0# 1%&'5 %- /*7,- */'/**7,- */2-#%/<3*
0%$<3#/.'//*7 */.
* ,- :7#% /*-#
'7 37' - *8 *-F$0#' ' $6&*5$'0# %$'5 % <3* 0%$.-#
=3#
-#
' ,'- ' 37'
1#$?7#0'1*# $%&'()%*7,- */'-#
'5

7 /#$'51'#7,%-.?$0#
'1%,- :7#% <3*0%$.-
#=3#
-#
','- ''/3'0- *1#=#
5#
1'1* :37'0*- #
79$#'1*
*$.-*;' 1* ,-:7#%/ *7 <3* */.*I'7 ,-*/*$.
*/ ,*-/%$'5
#1'1*/ 1* ;- '$1* $%.%-
#*1'1* >
/*7*5@'$(' 1% <3* '0%$.
*0* $%/ %$1* % - */#
1*$.* ;*-'5
7*$. * ,'-.
#0#
,' $' 0*-
#79$#
'
*/,*0#'51*'.-
#=3#
()%1%/,- :7#
%/1%% '

' /*<3F$0# ' 1' '&'5 #'()% 1' 2- *' 1* #


$%&'()% ,%1*- 2 ,'//'-/ * > O *- .
#8#
0'()% 1* $%&'()%P
'.-'&:/1' '. -#=3# ()% 1* 37' 7'- 0' 1* *7,-*/' #$%&'1%- ' '- ' ' %=.*$()% 1*/.' 0*- .
#8#
0'()% :
$*0*//2-#% <3* ' *7,- */' %=.*$@' 37 76 $#7% $% ,- %0*//% 1* '3. % '&'5
#'()% % <3* /*- #'
0%7,5 *7*$. '1%,%-37''31# .%-#
'>*7,- */'1*8 %- 7''0%$8 #
-7'-'/3'0','0# 1'1*# $%&'1%-'
0*-.#
8#
0'()% 1* # $%&'()% ,%1* 1'- '0*//% ,- #&#5
*;# '1% ' -*03-/%/ ,C=5 #
0%/ * /*- &#- 0%7% 37'
;'-'$.#'$'%=. *$()%1*8 #$'$0#'7*$. %,%-,'- .*1'/*7,- */'/ $1*,*$1*$. *7*$. *1%/- *03-/%/
8#
$'$0*#-%/'/ /%0#'1%/ > 7'- 0' 1* *7,- */'/ #
$%&'1%- ' ' 0*- .#
8#
0'()% : /*7,- * 37' 7'# /&'5#'
,'-' ' *7,- */' $' 7*1# 1' *7 <3* 12 %3 - *8
%- (' ' /3' 0- *1#=#
5#1'1* $' ,- %&#/)% 1%/ /*3/
,-%13.%/%3/*- &#(%/

#$/.
-37*$. % 1* '&'5 #
'()% .*-2 '//%0#'1% 37' O 5 '.
'8 %-7' 1* G*- &#
(%/P %3 /*I ' %
,-**$0@#7*$.%1%/<3*/. #%$2-#
%/*'0%7,'. #=#
5#
1'1*0%7 1*. *-7#$'1%/0-#.
:- #
%/83$0#%$'-20%7%
,%$.* 1* '0*//% ' 37 0%$I 3$.% 1* /*-
&#(%/M '0%$/*5@'7*$. %*# $8
%-7'()%Q /#7,5 #
8#
0'()% 1%
'0*//% *7 */,*0#'5,'-''/,*<3*$'/*7:1# '/*7,- */'/ '8 3$1%/1# /,%$6
&*#/,'- '#$&*/.#
;'()%
* 1*/*$&%5&#
7*$.% . *0$%5%;#
'/ 1' #
$8%-7'()% *7,- *;% * 0-#'()% 1* *7,-*/'/Q 8#
$'$0#'7*$.%

!
7'#/8'0#
5#
.'1%Q '0*//% ,-*8
*-*$0#
'5 ' 37 0%$I
3$.% 1* -*03-
/%/ ,C=5
#0%/Q ,'-
.#0#
,'()% *7
0%73$#
1'1*/1**7,- */'/<3*,*-7#.*7 '.
-%0'1*#$8
%-7'()%

'&'5#
'()% 1'/ *7,- */'/ ,%1* /*- &#
-. '7=:7 0%7% # $/.-37*$.% ,'-' %/ 8%-$*0*1%- */ 1*
/*-&#(%/ $%7*'1'7*$. * ,'-'# $/.#
.3#
(A*/,C=5 #0'/1* ',%# %># $%&'()% * *+,%-.'()% H;%&*-$%/
$'0#%$'#/* $# )% 3-%,*#'J ='$0%/* %3. -
'/# $/.#.
3#(A*/8#$'$0*#-
'/ *7,- */'/1* . *0$%5
%;#' 1*
#$8
%- 7'()% *7,- */'/ 1* 0%$/35.
%-#' * '31#.
%-#' '- '.%1'/ */.'/ *$.
#1'1*/ ' *+#/.F$0#
' 1*/.'
8*-
- '7*$.'1*'&'5 #
'()%<3**&# 1*$0#',%$.%/8 %-.*/*0%7,%$*$. */'7*5 @%-'- ,%1*/*- &#-0%7%
37 # 7,%-.'$.
**5*7*$. %1*',%# %>//3'/1*0# /A*/

! "

5'.'8
%-7' ,'-' ' $%&'()% +,%- .
'()% * %7,*. #
.#&#
1'1* . *7 0%7% %=I *0.#
&% '&'5#'- '/
0','0#
1'1*/* % 1*/*7,*$@% 1'/*7,- */'/'% $6&*51'/'0. #
&#1'1*/1* # $%&'()% * *+,%-.'()% *
'% $6&*5 1%/ 8
'0.
%-*/ <3* '8*0.
'7 1* 8 %-7' ;*- '5 ' 0%7,*. #.#
&#1'1* 1'/ *7,- */'/ G*- 2
1*/*$&%5&#
1% 37 #
$/.-
37*$.% 1* '&'5#
'()% 0%7,%/.% ,%-37 0%$I 3$.% 1* 7:.-#0'/<3* ,*- 7#.*
7*1#-'0','0#1'1**7,-*/'-#
'51*8 %-
7'05 '-'#/*$.'*0- *16
&*5

/.*# $/.-37*$. % ,*- 7#.#-


2 >/ *7,-*/'/ 8'4*- 37' '&'5#'()% 1'/ /3'/ ,- 9,-
#'/ 0','0#1'1*/
'I31'$1% ' */. '=*5*0*-%//*3/,%$. %/8%-.
*/* 8 -'0%/* ' 1*8#$#
-,- #
%-#1'1*/1* '0.
3'()% <3*-'
$6&*5# $.
*- $% <3*- ' $6 &*51'/ /3'/ -*5
'(A*/ 0%7 % *+. *-#%- G*- 2 '#$1' 1#
/,%$#=#5
#4'1% 37
=*$0@7'- D#$;1'*7,- */'*7 -*5'()%'%/*3 /*0. %-<3*'',%# '-2$'. %7'1'1*1*0# /A*/'$6 &*5
#
$. *-$% %- %3. -
%5 '1% '% $6 &*51%/ 1*0#/%-*/ ,C=5#
0%/ ,*- 7#.
#-2 37 '0%7,'$@'7*$. % 1'/
,%56.
#0'/1*# $%&'()%**+,%- .
'()%

"
!"#$# %&'#&"(#)* !# + , " # -" % ! .! / /0#1 / /2 # + 0 . 3,+"# &4#!#
#&.# .+, &%" # 0#5
#6 #( 5 6#+ 7 + 0 . "
)* " ,.5 ,#+",#& 8 /. / ,. "! $/* " 05/+" ,!14" /
05 /#/ + .+, &%" #/ ! 0 ,. # 0 //2"! 5#/ ! 92#. 5 +#5#+.5 1/.
"+#/ " 0 5 .
#,./: ;
2."&
"(#5# " , 4#)* + ,< +" ,. + .5 /! +5 /+" ,. ! .5" ,. ! 2 '#" -
+2/. ! * ! '5#$ ; #//2 " 5 + 4#,. #% ,/ + 0 . "
."
4#/ # " ,4 /."%#)*
! / ,4 & 4" ,. => ; $#", 4#)* $#92#& "
!#! +2/.$ ; /. #' &+ 5#& "
#,)#/ + & #' 5#)? /
+ 2.5
#/ 05/#/ " ,/."
.2"
)? /+ +#0#+" !#! ! " , 4#)* $, #!# ,. #/2," 45/"!#! /
@;/ 5+ #0#(! +5 "#505 !2./ 05 + // /! -0 5 .#)* ! #&.# .+, &%" #8 /2+ // ! /.
."
0 ! 05/#/ ! 0 ,! ! 2 # +#5 ."5# ! 5 +25 / / <2 #, / #&.
# ,. 92#& "
6"
+#!#$+
+ ,< +" ,./ #'5 #,% ,./ ",.5!"/+"
0&"
,#5 /$ + #0#( ! / #!#0. #5 + ,. "
,2# ,. 7/
, + //" !#! /" 0 /. #/0 & 5+
#! 8 5 2. 5 & #! $! 0 ,! . # 'A ! #+ // # & #' 5#.B5"/
! " ,4 /."%#)* ! / ,4 &4" ,.8 ,. 2! $#.,! ,! #/ 05 //? / + ,B " +#/ %&'#" / 7
/+#& # ! %5 #,! 0#5 . !#/ 05 /#/ 0 5 .
2%2 /#/$ .5 ,# / !"61
+"&0#5 # / +.5 ",!2/. 5
"#&
4"#'"&"
(#5#+ 5"
#)* ! + ,. 5 /! ",4 /."
%#)* 05 B05 "/8 6 #+.$ / 0#1/ /+ / $
,! / #//" /. # 2 #2 ,. % 5 #&! " ,4 /." ,. > $# .,!3,+" # #+.2#&. /"
!
.5
#,/65 "5 / /65 ) /! > !#/ 05 /#/0#5 ##/2," 45 /"
!#! / &#' 5#.B5"/,#+",#" /8

CD EF $G5! 5 "+H 5 #,$ ,. * " + 5 /" ! ,. !# ," 45 /"


!#! ! .#,65 ! ,/ $.",<#
2 # 4" /* :#& 2%#52 # D5 # !# 2," 45 /"
!#! # 05/#/ ! #& .# .+, &%" #$+ ",.
2". !
/.#' &+ 565 ./ &/! & "
%#)* ,. 5 #2," 45 /"
!#! #",!I/.5"#8 /" ,4 /."%#! 5/ J&. .
#+H#5!$#,. "% /#&2, /! 5 #,$65# ! /05 " " 5/#! " -#5# ," 45 /"
!#! ! .#,65! 0#5#
62,!#5 # /2# 05 B05 "# 05 /# ! #+ 5! + //# 4"/* 8 /. # !",K " +# ! 05 ,!" ,.
/.#' &+ 5 "
##0& #.#65 #! & #,)# ,. ! + ,< +" ! 6,B , ! "&
"+ , #& &L$ 92#&4" 5"
##
5" ,4 ,.#5#/5& #)? /2," 45 /"
!#! 05 /#8 05/#//2 " . #/#05 //? /+5 /+ ,./0#5 #", 4#5
4" 5# ,#/ 2," 45 /"!#! / 2 # #, & # ! 05 .2,"!#! 92 & < / 0 //" '"&"
.#4# #+ ! 5 #
! / ,4 & 4" ,./ .+, & B%"+/ /.
#5 &
< 5050#5 #!#/ 0#5 #+ 0 . "
5, 5+#! 8 #4 (
92 ,* + 0 . "
# , 5
+#! ! 05 !2./$#/2," 45 /"
!#! /0#//#5 # #+ ,/. ".2"
50#5 +"5 /!
",4 /."%#)* " ! #"/8 5 " ."
# $05 2 & #! $ 7/ 6 "
5 #/ " ,4 /."! 5#/ #0 /. #5 D5#/ !
",4 /."%#)* ! #"55 "
/+ $0 5 2. 5 $0 //"'" &
".
#4# #+ // !" 5 +. # " ,4 /. "
%#! 5 / +
4" /.##+ ,. 5#.#)? /6 2.25#/8

/ $ , C#0* %5
#,! 0#5 . ! / 0#1 / / !# ," * 25 0 "#$ ! & + ,B " +
054#&+ ,. '#/ " # / , ! / ,4 & 4" ,. ! .+, &%" #$! " , 4#)* ! 05 !2./+ #"5
4#&5#+ 5 /+ ,.
#! 8 5+ ,/ 923,+" #$, /./0#1 / /#/5& #)? /2,"45 /"
!#! 05 /#+ ,/. "
.2
2 # !#/+ 0 , ,./ #" /" 0 5 .#,./,# + ,!2)* ! > $/2'/ 92 ,. ,.$, 05 + //
%&'#&! " , 4#)* ! / ,4 &4" ,. + ,B " +8 5
.2%#&
$ + ,D5 " A '#/. #,. !" /."
,.8
5.2%#&. + ,. "
,2#! # 2. "
&"
(#5+ 0&#.
#65 # ! +5 /+" ,. + ,B " + '#"- +2/. !#
* ! '5 # $+ .#&
$#/+ & #' 5#)? /2," 45/"
!#! 05/# /* #" ,!# 2" . 5 /. 5"
.#/8 /.
6#+. /0 & <# / ' ,# ! /0 /# .. #& > 6+. 2#!# 0 50#5. !#/ 05 /#/0 5 .2%2 /#/M
+5 +# ! NO ! .. #&,#+",#& $ + ,.
5#/. + P O ! A!"# 25 0 " # #"
/ ! PFO !
C#0* $!# & #,<# ! / =4 5G"%25# 8;M , ,I 5 !" " ,2. ! " ,4 /."
%#! 5 /#
-5 + 562,)? /,#" ,!I/.
5 "
#M #0 ,#/ NO ! .. #&=4 5G"%25# 8; 8

Q2#" /#/+ ,/ 923,+" #/! /. #+#,<#! ,4 &


4" ,. !#/ 05 /#/0 5 .2%2 /#/ -5+1+"/!
> !# 5 !2("
!# ",.5 #+)* ,. 5 # 2,"45 /"
!#! #",!I/.5
"#05 .2%2 /# , 05 + // !
", 4#)* ! / ,4 &4" ,. + ,B "+R 05" "5 & 2%#5
$ # 05 !2)* ! 0#.,./ A
/"%,"6
"+#."
4# ,. 5!2(" !# =4 5G" %25# 8; 8 / %2,! &2%#5$# 6"
+"3,+"#! / +#,"
/ /!
.5#,/65 3,+"# ! .+, &%" # A /2'/.#,+"
#& ,. 5/. 5",%"
!#8 .5+"5 &2%#5$# +5
"#)* !
A !" "
,2. #$ 92 & "" .
# 4& 2 ! 05!2./! -0 5.#)* ! #& .
# .+, &%" #
=G"%25# 8 @;8
G"%25# 8 G"
%25# 8
/0 /#/! ,4 /."%#)* / ,4 &
4" ,. 5
+ ,.
#% ! ,4 /."%#! 5/,#/
G"
,#,+"
#!#/0 &
# ,!I/.5"# 4D5"/0#1
/ /8 05/#/$ 4 5 , ,"45 /"
!#!
4D5"/0#1/ /8

100
05 /#/
90 80 45,

%#! 5/
#!#/

,"
45/"!#!
80 70
,#,+"
O;

70

"
60

,4 /.
#=

+.5
> G"
"

60
5
# ,! /.

50
50

05
!
40
40
0&

#%
/0 /#/

30

+ ,.
30
20

5
20
10 10

0 0
C G S G S C G S G S

G ,.:G5"
.#/= NNF; G ,.: <"
5 ! 250 #, 0 5 . , +",+
#,! +<, &%L ,!"
+#.5/= NN ;

G"
%25# 8 G"
%25# 8 @
I 5! #.,./ 5!2(" !#/ -0 5
.#)? /! &
.#.+, &%" #5& #.
"4# ,.
0 5+#!# NNN ,4 /.
"%#! 5/ # I 5 .#&! -0 5
.#)? /
4D5
"/ #1// 4D5"/ #1//

100
4# ,.
Germany
Sweden

90 40
O;
%#! 5/

#+ /=
Austria
US

80 35
#5& "
#.
Holland

70 30
.
"

Finland

-0 5
#.,./T NNN ,4 /.

Belgium

# +, &%"
Denmark

60
France

25
England
Japan

50
Italy

#&!

20
.

40
.
&

15
30
# 2 5
Ireland

#+ /!

10
20
Spain

Portugal
Greece

5
.

10
-0 5

0 0
IRL US J F UK FIN NL S D DK A B I SP P

G ,.: <"
5! 250 #, 05
. , +",+ #,! +<, &%L ,!"
+#.5
/= NN ;

5". ! ! / ,4 & 4" ,. .+, & B%"+ &4#! -"/.,. #+. 2#& ,.$#/.+, &%" #/0 5 +
5#0"!# ,.8 ,+ ,. 5
#5 , 4#/ .+, &%" #/ 92 #/ /2'/. ".
2# A 05 .#,. // ,+"
#&8 /
",.5 4 ,",./6 2,!# ,. #"/, /.# /. 52.
25#! " , 4#)* /* $ $ /5 +25/ /<2 #, /
#6+./ # #+. "
4"!#! / ! > 8 /. +#0" .#&<2 #, A 5 /0 ,/D4 &,* #0 ,#/ 0 & # +5"
#)*
! / ,4 &4" ,. ! , 4#/" ! "
#/$ #/. # 'A 0 & #" ,+ 5
05 #)* ! , 4#/.+, &%" #/ -.5 ,#/
5% ,./8 /. + ,.-.$# " , -"/.3,+"# ! 5& #)? / /B&"
!#/ 2,"
45 /"
!#! 05 /# 5 /.
5",%
/2'/.#,+"#& ,. # 6 "
+"3,+"
#! / +#,"/ /! . 5#,/65 3,+"# ! .+, &%" #$ 92 + 05 .
/5 "
# ,. .! 05 + // ! " , 4#)* 8 5 ,# / $ 0 5 .
#,.$ -. 5 # ,. !" 61
+"&0#5# #/
05 /#/0 5.
2%2 /#/#//2 " 5#&"! 5#,)#! 5+#! / /0 +1 6
"+ /! '#/ .+, & B%"
+#8

&+# / ,.* # 92 /. * ! + /." 2&#5 ,4 &4" ,. !#/ 05 /#/ 0 5


.2%2 /#/
05 +./! > ! + 05 4 5#",.5 #+)* ,. 5 #2,"
45/"!#! / +.5 05 /#5 "
#&!
65 ###&#4#,+#5 +5 /+" ,. + ,B "+ ! 5
.2%#&
8

@
,14 &% 4 5 ,# ,. #&$#/0 & 1."
+#/.5 * 92 / 5 5 ",.#!#// %2,! & "
,<#/! #+)* 0#5 #&& #/# /
' +. "
4 /+ 2,/! /! " // +.5/8 #, 4# + , " #%&'#&$#/!"5 +.5"( /% 4 5 ,# ,. #"/,*
/25 % #.5#4A/ ! !"!#/ <"5 #592"+# ,. " 0 /. #/$ #/ / %2,! & ",<#/ + ,!2.5 #/ 92
!"/0 ," '"&
"(# 05.2,"!#! / ! + 5 /+" ,. !"#,. # +5"
#)* ! " ,/.52 ,./ ! 5+#!
6&-1 4" /8 ! / - 0&/0#5 #!"
% D. "+ /A U #L< & +. V",.5 !2("! ,/ EWN$
92#&#. 5
"'2"# 05 05 "!#! " ,.#,%14 & ! + ,< +" ,. +",. 1
6"
+ .+, & B%"+ #,#! !
6",#,+"# ,./ % 4 5 ,# ,. #"/$7/ 2," 45 /"
!#! / 5 /0 ,/D4 "
/0 & #/ ! /+ ' 5 .
#/ " , 4#)? /8
/.
#65 #$ U #L< & +. V0 5 " .
"25%2& # ,. #5#/+ ,!")? /! . 5#,/65 3,+"
#! .+, &%" #
!#/2," 45 /"!#! /$+&#5"
6"+#,! + ,+ ". ! !" 5" ./! #2.55 & #.
"4# ,. # /6 ",#,+"# ,./
! /.#! +5"
#,! ",+ ,. "
4 / + ,B " + /# /" ,4 /."
%#! 5/8 /! # /2# " 0& ,. #)* $ /.
! & 4& 2" 2, / ,. "
! !#/2," 45 /"
!#! /5 .5 0#5 . !#92 .#,#/ 05 /#/+5 "
#!#/#0#5 ."5
! 05 05 "!#! " ,.&+.2#&054 ,",. !#2," 45 /"!#! 8

,14 &2,"45 /"


.D5"$! 4 5 D<#4 5# 05 +20#)* ! + ,/ & "!#5# 0#5 .
"+"0#)* 5 %2&#5! #& 2, /$
",4 /."%#! 5 / ! + ,./ /.
D%"/! +25 .#!25#)* ,#/ 05/#/8 /. #4"#0 5 " .
"5D",/.".2"
5
2 # 5& #)* ! . 5#'#&
< 2," 45 /"
!#! 05/# ", -"/.,. #+. 2#& ,. 92 0 ! 5 D + ,.5
"'2"5,
62.25 0#5 # # " 0& ,. #)* ! , 4 /05 +./$0#5 # # + ,.5#.#)* ! 0 // #&92#& "6"
+#! !#/
2," 45 /"
!#! /0 & #/ 05 /#/ 0#5 # 5+25 / 7 2,"45 /"
!#! + 6,. ! + ,/2& .5 "#0#5 # #/
05 /#/8 +. 2#& ,.$ #/ 5& #)? / 2,"45 /"
!#! 05/# + ,. "
,2# "
,+ ,%52 ,./8 /. #
",+ 0#. "
'"&"
!#! ! 5 "
4# <#'".2#& ,. !#/ !" 65 ,)#/ +2&.25#"/$#" ,!# 0 5 0. B5"
#/$ ,. 5 /
05",+"0#"/" ,.5 4 ,",./ ! # ' / / / +.5 /8 "
,.2". ! !" " ,2"5 /.# !"/+50K,+" #
+2&.25#&$.5 ,# / // ,+" #&0#5# #2," 45/"!#! #// 4 5#52 # 0 & 1
."+# ! !2+#)* 92 ,+ 5 #
/ #&2, / 0#5 # # 05 /0 +."
4# ! & #,)# ,. ! 05/#/ ! #& .# .+, &%" #8 /. # 0& 1.
"+#
5 05 / ,. # 2 1 0 . 5&4#,. , ! / ,4 & 4" ,. ! + #,#"/ ! 0 5 2. # ! + ,< +" ,./$
0 // #/ / 5 4") / ,.5 / "/#+ #!A "+ 05 /#5"
#& 5 "%"
,# +"+&/! 0 /".
"4/
! #+. "
4"!#! 05 ,! ! 5#8

92 !"(5 /0 ". 7" ,!I/ .


5 "
#$! 4 5D -"/.
"5# 0 5
+ 0)* !# , + //" !#! ! " ,4 /.
"5 %520 /
! ",4 /.
"%#)* 2,"45 /".
D5 "/ ! #. 5#"
5 & ,./#& .
# ,. 92#& "
6"
+#! /0#5#65 #5 92" 0#/!
/.
5#.A%"
# #.A5"#! " , 4#)* 8 + &5 "
!#! + 5 /+ ,. !# 4 & 2)* !# .+, &%" #$ 4#&5
#+5/+ ,.#! ! + ,< +" ,./ . A+,"
+ / 0562,! / # 5 !2)* !# !25 #)* ! / +" +&/ !
! / ,4 &
4" ,. -" % #+.2#& ,. 2 # ! /+ ,. 5#&
"(#)* !"
/.5"
'2")* !#/6,./!" /0 ,14"/
! .+, &%" #8 #5#6#( 56 #+ # /./! /#6 "/$#/ 05 /#/, + //" .# ! 5+ 5 5 57" ,4 /.
"%#)*
6+.2#!# ,#/ 2,"
45 /"!#! /$2. "&
"(#,! #&2, / ! &"
+ ,+"#.25
#$ /. 5
#! ! 2.5 # ,. +
41+2&/! + 2," +#)* + / +.5#+#!A "+8

#5# 92 #/ 5 & #)? / 2,"45 /"!#! 05/# + ,. 5


"'2# 6+. "
4# ,. 0#5 ##" , 4#)* $0#5#
+5 /+" ,. + ,B " + $0#5 # # +5
"#)* ! 05% 0#5# # 05 /05 "!#! ! /,1 4" /! 4"!#
5.2%#&$A , + //D5" 92 45 , $# 2,"45 /"!#! #",!I/. 5"
#! / ,4 & 4# 2 + ,2,. !
+#,"/ /! + 0 5 #)* 4" % 5 / /8 #5 .
"+2&#)* ! /./ /65 ) / 592 5# + 05 ,/* !#/
&"" .
#)? / 05 .2,"
!#! /! +#!#/ +.5 05 //20? #! 6 "
," )* ! /.
5 #.
A%"#/%&'#" /! &,%
05#( 8 /. + ,.-.$A " 0 5 .#,. 5 ",.#5 /05 +./! " ,4 /."%#)* D5#/ /. 5#.
A%"+#/
0#5# #/ 05 /#/ 0 5.2%2 /#/$, / ,. "! ! +5 "
#505 !2./ ! -0 5.#)* ! #& .# .+, &%"#X
#.5#"50#5# /./05 +./ / & < 5 /#&
2, /$! + ,./ " ,4 /."%#! 5 /! 5.2%#&$!# 25 0#
! /0#1 / /! 1
,%2# 5 .2%2 /#X 6 ,.#5" ,.5 !"/+"
0&"
,#5"!#! !"45 /"
!#! 2&."
+2&
.25#&,#/
05 /#/ ,#/2," 45 /"!#! /8

05%5 # #/ 5 D2 #0#5 +5"


# ,. 5 2 #" ,/."
.2")* ",.5,#+",#&! &4#! 05/. 1%" 5.2%#&$
"
,.%5 #! , 05 %5 # #!# ," !#! ! 5! ,#)* ! &
#, +, &B%"
+ $+2 ' +."
4 05"
,+"0#&
A 05 4 5# ", 4#)* +5 /+" ,. + ,B " + 5.2%#&8 /. / ,. "
! $ 05 +.
05.,! " ,+5 ,.#5 # + 0 . "
."
4"!#! $# 05 !2. "
4"!#! 05 ,! ! 5"
/ !# +, " #
05 .
2%2 /#X .5#,/65 #5 #/ 05 D."
+#/ #+#!A " +#/ ! , %B+"/ &
<5 #,! ! / 0 ,<
#2 ,. #,! #/ +#0#+" !#! ! + & #' 5#)* ! - +2)* X .5 ,#5 5 .2%#&&1
! 5! 5+#! /
/0 +1
6"
+ /! #& .#.+, &%" #8

F
05 %5# # # '" +",# +5 "#5 2 # !" ,K "+# ! . 5#,/65 3,+"# ! .+, &%" # / %2,! # 92#&
05 +./ ! " ,4 /."%#)* 5%" /. ! 0#.,./ + ,!2( # #2 ,. !# +#0#+" !#!
.+, &B%"+# ! 05 /#/ -" /.,./$7 65 #)* ! , 4#/ 05 /#/ ! '#/ .+, & B%"+# #
! / ,4 &
4" ,. ! 05 !2./ ! #& .
# .+, &%" #+ #"5 4#&5 #+5/+ ,. #! ! /. ",#! / 7
-0 5.
#)* 8 #5 ##.",%"5 /. ' + .
"4 $#0#5 +5"#" 5
D ;05 4 5"
,4 /."%#)* ! / ,4 &4" ,.
.+, &B%"+ 5 ",.#! 0 5 ' +. "
4 / + ,B " +/ D5 #/ . D. "
+#/! " 0 5 .K,+"
# /. 5#.A%"
+#
0#5# 5.2%#&$ ; 050 5 +",#5 65 #)* 05 6 "//",#& ,/", 2,"45 /".
D5" ! -+ &3,+"##
/.
2!#,./$ 056// 5 / +& #' 5#! 5/ !#/ 05 /#/ 0 5 .2%2 / #/ ; 6#+"&
".
#5
05 ,! ! 5 "
/ #.5#4A/ !# ",.5 #+)* ,.5 " ,4 /."
%#! 5/ 05 6// 5/ !# " ,/. "
.2"
)*
"
,.5 ,#+",#& // +.5 /2," 45/".
D5" 05 /#5"
#&! #1/8

05 %5# #/ 5D+ 5 ! ,#! 0 5 5 .


2%#& 0 & # 2. 5
#",/."
.2"
)* "
,+&2"
5D @ /2'05%5 # #/: ;
!" #$ %& + ,2,. # 5",. #!#0 5 ' +. "
4 / + ,B " + /+ #0#5 ."
+"0#)* !
"
,/."
.2")? / ! ,/"
, /20 5 "5 ! 05 /#/ 0 5.
2%2 /#/X ; !#! $92 5,
K '". !#65 #)* 05 6 "//",#&$92 5! +#5 "
(#+#!A " + + 0#5
. "
&<#! /X ;
!$ '( ) ## # !$ # *# $ #$, #!# ,.$#& 2, /$" ,4 /."
%#! 5 /$
056// 5 / +&#' 5#! 5 / !#/ 05 /#/ @; 05%5 # # ! .+, &%" # % /.* + #
0#5.
"+"
0#)* ! ",/."
.2"
)? /! ,/", /20 5 "50 5.
2%2 /#/ !#" ,/.
".2"
)* " ,.5 ,#+",#&8

0 ,< ! # '#/#/0#5
./$ 05 +. +5"
#5D 2 # -0 5
"3,+"
#! +&
#' 5
#)* /B&
"!#
6
52.
2 /##&,% 05#( 0#5
# 5.
2%#& 0#5
##"
,/.
".2"
)* ",.5
,#+",#&8

You might also like