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Instruction Book

GA 37+, GA 45+, GA 55, GA 75

Copyright Notice
Any unauthorized use or copying of the contents or any part thereof is
prohibited.
This applies in particular to trademarks, model denominations, part numbers
and drawings.

Date Printed .................... 27/07/2007

Atlas Copco
www.atlascopco.com

6CDNGQHEQPVGPVU


5CHGV[RTGECWVKQPU  



5#('6;+%105  



5#('6;24'%#76+105&74+0)+056#..#6+10  



5#('6;24'%#76+105&74+0)12'4#6+10  



5#('6;24'%#76+105&74+0)/#+06'0#0%'144'2#+4 

)GPGTCNFGUETKRVKQP  



+0641&7%6+10 



#+4(.19 



1+.5;56'/ 



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4')7.#6+0)5;56'/ 



'.'%64+%#.5;56'/ 



'.'%64+%#.&+#)4#/5 



#+4&4;'4 

'NGMVTQPKMQP++TGIWNCVQT  



'.'-6410+-10s++4')7.#614 



%10641.2#0'. 



(70%6+10-';5 



5%41..-';5 



'/'4)'0%;5612$76610 



%10641.241)4#/5 



/#+05%4''0/'07 



%#..+0)72/'075 



37+%-.11-#66*'#%67#.%1/24'551456#675 



56#675&#6#/'07



/'#574'&&#6#/'07 



%1706'45/'07  



6'56/'07  



/1&+(;2#4#/'6'45/'07  



/1&+(;+0)2#4#/'6'45  



/1&+(;+0)2416'%6+105'66+0)5  



/1&+(;+0)5'48+%'2.#05  



241)4#//+0)%.1%-(70%6+10  



/1&+(;+0)%10(+)74#6+105'66+0)5 



241)4#//+0)%1/24'5514%10641./1&'5  



5'48+%'/'07  



5#8'&&#6#/'07  



241)4#//#$.'5'66+0)5  

15&QKNEQPFGPUCVGUGRCTCVQT
QRVKQPCN 



15&70+6  



+05647%6+105(14(+'.&+056#..#6+10  



12'4#6+0)#0&/#+06'0#0%'+05647%6+105  



2+%61)4#2*5  

'PGTI[TGEQXGT[
QRVKQPCN 



'0'4);4'%18'4;70+6  



'0'4);4'%18'4;5;56'/5  



12'4#6+10  



/#+06'0#0%'  



'0'4);4'%18'4;&#6#  

+PUVCNNCVKQP



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+056#..#6+10241215#.  



'.'%64+%#.%100'%6+105  



%11.+0)9#6'44'37+4'/'065  



2+%61)4#2*5 

1RGTCVKPIKPUVTWEVKQPU  



$'(14'+0+6+#.56#4672 



+0+6+#.56#4672 



$'(14'56#46+0) 



56#46+0) 



&74+0)12'4#6+10 



%*'%-+0)6*'&+52.#; 



56122+0) 



6#-+0)1761(12'4#6+10 

/CKPVGPCPEG  



24'8'06+8'/#+06'0#0%'5%*'&7.'



&4+8'/1614 



1+.52'%+(+%#6+105 



1+.#0&1+.(+.6'4%*#0)' 



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5'48+%'-+65 

#FLWUVOGPVUCPFUGTXKEKPIRTQEGFWTGU  



#+4(+.6'4 



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5#('6;8#.8'5 



2TQDNGOUQNXKPI  



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6GEJPKECNFCVC  



4'#&+0)510&+52.#; 



'.'%64+%%#$.'5+<'#0&/#+0(75'5  



5'66+0)51((#0/1614%+4%7+6$4'#-'4  



5'66+0)5(14/161418'4.1#&4'.#;  



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+(&  



4'('4'0%'%10&+6+105#0&.+/+6#6+105  



%1/24'5514&#6#  



+PUVTWEVKQPUHQTWUGQHCKTTGEGKXGT  



+05647%6+105(1475'  



)WKFGNKPGUHQTKPURGEVKQP 



)7+&'.+0'5(14+052'%6+10  



2'&  



24'5574''37+2/'06&+4'%6+8'5  

+PUVTWEVKQPOCPWCN

5CHGV[RTGECWVKQPU



5CHGV[KEQPU

'ZRNCPCVKQP
&CPIGTHQTNKHG
9CTPKPI
+ORQTVCPVPQVG



5CHGV[RTGECWVKQPUFWTKPIKPUVCNNCVKQP

#NNTGURQPUKDKNKV[HQTCP[FCOCIGQTKPLWT[TGUWNVKPIHTQOPGINGEVKPIVJGUG
RTGECWVKQPUQTPQPQDUGTXCPEGQHVJGPQTOCNECWVKQPCPFECTGTGSWKTGFHQT
KPUVCNNCVKQPQRGTCVKQPOCKPVGPCPEGCPFTGRCKTGXGPKHPQVGZRTGUUN[
UVCVGFYKNNDGFKUENCKOGFD[VJGOCPWHCEVWTGT
)GPGTCNRTGECWVKQPU
 6JGQRGTCVQTOWUVGORNQ[UCHGYQTMKPIRTCEVKEGUCPFQDUGTXGCNNTGNCVGFNQECNYQTMUCHGV[
TGSWKTGOGPVUCPFTGIWNCVKQPU
 +HCP[QHVJGHQNNQYKPIUVCVGOGPVUFQGUPQVEQORN[YKVJNQECNNGIKUNCVKQPVJGUVTKEVGTQHVJGVYQ
UJCNNCRRN[
 +PUVCNNCVKQPQRGTCVKQPOCKPVGPCPEGCPFTGRCKTYQTMOWUVQPN[DGRGTHQTOGFD[CWVJQTKUGFVTCKPGF
URGEKCNKUGFRGTUQPPGN
 6JGEQORTGUUQTKUPQVEQPUKFGTGFECRCDNGQHRTQFWEKPICKTQHDTGCVJKPISWCNKV[(QTCKTQHDTGCVJKPI
SWCNKV[VJGEQORTGUUGFCKTOWUVDGCFGSWCVGN[RWTKHKGFCEEQTFKPIVQNQECNNGIKUNCVKQPCPF
UVCPFCTFU
 $GHQTGCP[OCKPVGPCPEGTGRCKTYQTMCFLWUVOGPVQTCP[QVJGTPQPTQWVKPGEJGEMUUVQRVJG
EQORTGUUQTRTGUUVJGGOGTIGPE[UVQRDWVVQPUYKVEJQHHVJGXQNVCIGCPFFGRTGUUWTKUGVJG
EQORTGUUQT+PCFFKVKQPVJGRQYGTKUQNCVKPIUYKVEJOWUVDGQRGPGFCPFNQEMGF
 0GXGTRNC[YKVJEQORTGUUGFCKT&QPQVCRRN[VJGCKTVQ[QWTUMKPQTFKTGEVCPCKTUVTGCOCVRGQRNG
0GXGTWUGVJGCKTVQENGCPFKTVHTQO[QWTENQVJGU9JGPWUKPIVJGCKTVQENGCPGSWKROGPVFQUQYKVJ
GZVTGOGECWVKQPCPFYGCTG[GRTQVGEVKQP

+PUVTWEVKQPOCPWCN

2TGECWVKQPUFWTKPIKPUVCNNCVKQP
 6JGOCEJKPGOWUVQPN[DGNKHVGFWUKPIUWKVCDNGGSWKROGPVKPCEEQTFCPEGYKVJNQECNUCHGV[
TGIWNCVKQPU.QQUGQTRKXQVKPIRCTVUOWUVDGUGEWTGN[HCUVGPGFDGHQTGNKHVKPI+VKUUVTKEVN[HQTDKFFGP
VQFYGNNQTUVC[KPVJGTKUM\QPGWPFGTCNKHVGFNQCF.KHVKPICEEGNGTCVKQPCPFFGEGNGTCVKQPOWUVDG
MGRVYKVJKPUCHGNKOKVU9GCTCUCHGV[JGNOGVYJGPYQTMKPIKPVJGCTGCQHQXGTJGCFQTNKHVKPI
GSWKROGPV
 2NCEGVJGOCEJKPGYJGTGVJGCODKGPVCKTKUCUEQQNCPFENGCPCURQUUKDNG+HPGEGUUCT[KPUVCNNC
UWEVKQPFWEV0GXGTQDUVTWEVVJGCKTKPNGV%CTGOWUVDGVCMGPVQOKPKOKUGVJGGPVT[QHOQKUVWTGCV
VJGKPNGVCKT
 #P[DNCPMKPIHNCPIGURNWIUECRUCPFFGUKEECPVDCIUOWUVDGTGOQXGFDGHQTGEQPPGEVKPIVJG
RKRGU
 #KTJQUGUOWUVDGQHEQTTGEVUK\GCPFUWKVCDNGHQTVJGYQTMKPIRTGUUWTG0GXGTWUGHTC[GFFCOCIGF
QTYQTPJQUGU&KUVTKDWVKQPRKRGUCPFEQPPGEVKQPUOWUVDGQHVJGEQTTGEVUK\GCPFUWKVCDNGHQTVJG
YQTMKPIRTGUUWTG
 6JGCURKTCVGFCKTOWUVDGHTGGQHHNCOOCDNGHWOGUXCRQWTUCPFRCTVKENGUGIRCKPVUQNXGPVUVJCV
ECPNGCFVQKPVGTPCNHKTGQTGZRNQUKQP
 #TTCPIGVJGCKTKPVCMGUQVJCVNQQUGENQVJKPIYQTPD[RGQRNGECPPQVDGUWEMGFKP
 'PUWTGVJCVVJGFKUEJCTIGRKRGHTQOVJGEQORTGUUQTVQVJGCHVGTEQQNGTQTCKTPGVKUHTGGVQGZRCPF
WPFGTJGCVCPFVJCVKVKUPQVKPEQPVCEVYKVJQTENQUGVQHNCOOCDNGOCVGTKCNU
 0QGZVGTPCNHQTEGOC[DGGZGTVGFQPVJGCKTQWVNGVXCNXGVJGEQPPGEVGFRKRGOWUVDGHTGGQHUVTCKP
 +HTGOQVGEQPVTQNKUKPUVCNNGFVJGOCEJKPGOWUVDGCTCENGCTUKIPUVCVKPI&#0)'46JKUOCEJKPGKU
TGOQVGN[EQPVTQNNGFCPFOC[UVCTVYKVJQWVYCTPKPI
6JGQRGTCVQTJCUVQOCMGUWTGVJCVVJGOCEJKPGKUUVQRRGFCPFVJCVVJGKUQNCVKPIUYKVEJKUQRGP
CPFNQEMGFDGHQTGCP[OCKPVGPCPEGQTTGRCKT#UCHWTVJGTUCHGIWCTFRGTUQPUUYKVEJKPIQP
TGOQVGN[EQPVTQNNGFOCEJKPGUUJCNNVCMGCFGSWCVGRTGECWVKQPUVQGPUWTGVJCVVJGTGKUPQQPG
EJGEMKPIQTYQTMKPIQPVJGOCEJKPG6QVJKUGPFCUWKVCDNGPQVKEGUJCNNDGCHHKZGFVQVJGUVCTV
GSWKROGPV
 #KTEQQNGFOCEJKPGUOWUVDGKPUVCNNGFKPUWEJCYC[VJCVCPCFGSWCVGHNQYQHEQQNKPICKTKU
CXCKNCDNGCPFVJCVVJGGZJCWUVGFCKTFQGUPQVTGEKTEWNCVGVQVJGEQORTGUUQTCKTKPNGVQTEQQNKPICKT
KPNGV
 6JGGNGEVTKECNEQPPGEVKQPUOWUVEQTTGURQPFVQVJGNQECNEQFGU6JGOCEJKPGUOWUVDGGCTVJGFCPF
RTQVGEVGFCICKPUVUJQTVEKTEWKVUD[HWUGUKPCNNRJCUGU#NQEMCDNGRQYGTKUQNCVKPIUYKVEJOWUVDG
KPUVCNNGFPGCTVJGEQORTGUUQT
 1POCEJKPGUYKVJCWVQOCVKEUVCTVUVQRU[UVGOQTKHVJGCWVQOCVKETGUVCTVHWPEVKQPCHVGTXQNVCIG
HCKNWTGKUCEVKXCVGFCUKIPUVCVKPI6JKUOCEJKPGOC[UVCTVYKVJQWVYCTPKPIOWUVDGCHHKZGFPGCT
VJGKPUVTWOGPVRCPGN
 +POWNVKRNGEQORTGUUQTU[UVGOUOCPWCNXCNXGUOWUVDGKPUVCNNGFVQKUQNCVGGCEJEQORTGUUQT0QP
TGVWTPXCNXGU
EJGEMXCNXGU OWUVPQVDGTGNKGFWRQPHQTKUQNCVKPIRTGUUWTGU[UVGOU
 0GXGTTGOQXGQTVCORGTYKVJVJGUCHGV[FGXKEGUIWCTFUQTKPUWNCVKQPHKVVGFQPVJGOCEJKPG'XGT[
RTGUUWTGXGUUGNQTCWZKNKCT[KPUVCNNGFQWVUKFGVJGOCEJKPGVQEQPVCKPCKTCDQXGCVOQURJGTKERTGUUWTG
OWUVDGRTQVGEVGFD[CRTGUUWTGTGNKGXKPIFGXKEGQTFGXKEGUCUTGSWKTGF
 2KRGYQTMQTQVJGTRCTVUYKVJCVGORGTCVWTGKPGZEGUUQHu%
u( CPFYJKEJOC[DG
CEEKFGPVCNN[VQWEJGFD[RGTUQPPGNKPPQTOCNQRGTCVKQPOWUVDGIWCTFGFQTKPUWNCVGF1VJGTJKIJ
VGORGTCVWTGRKRGYQTMOWUVDGENGCTN[OCTMGF
 (QTYCVGTEQQNGFOCEJKPGUVJGEQQNKPIYCVGTU[UVGOKPUVCNNGFQWVUKFGVJGOCEJKPGJCUVQDG
RTQVGEVGFD[CUCHGV[FGXKEGYKVJUGVRTGUUWTGCEEQTFKPIVQVJGOCZKOWOEQQNKPIYCVGTKPNGV
RTGUUWTG

+PUVTWEVKQPOCPWCN

 +HVJGITQWPFKUPQVNGXGNQTECPDGUWDLGEVVQXCTKCDNGKPENKPCVKQPEQPUWNVVJGOCPWHCEVWTGT

#NUQEQPUWNVHQNNQYKPIUCHGV[RTGECWVKQPU5CHGV[RTGECWVKQPUFWTKPIQRGTCVKQPCPF
5CHGV[RTGECWVKQPUFWTKPIOCKPVGPCPEG
6JGUGRTGECWVKQPUCRRN[VQOCEJKPGT[RTQEGUUKPIQTEQPUWOKPICKTQTKPGTVICU
2TQEGUUKPIQHCP[QVJGTICUTGSWKTGUCFFKVKQPCNUCHGV[RTGECWVKQPUV[RKECNVQVJG
CRRNKECVKQPYJKEJCTGPQVKPENWFGFJGTGKP
5QOGRTGECWVKQPUCTGIGPGTCNCPFEQXGTUGXGTCNOCEJKPGV[RGUCPFGSWKROGPVJGPEG
UQOGUVCVGOGPVUOC[PQVCRRN[VQ[QWTOCEJKPG



5CHGV[RTGECWVKQPUFWTKPIQRGTCVKQP

#NNTGURQPUKDKNKV[HQTCP[FCOCIGQTKPLWT[TGUWNVKPIHTQOPGINGEVKPIVJGUG
RTGECWVKQPUQTPQPQDUGTXCPEGQHVJGPQTOCNECWVKQPCPFECTGTGSWKTGFHQT
KPUVCNNCVKQPQRGTCVKQPOCKPVGPCPEGCPFTGRCKTGXGPKHPQVGZRTGUUN[
UVCVGFYKNNDGFKUENCKOGFD[VJGOCPWHCEVWTGT
)GPGTCNRTGECWVKQPU
 6JGQRGTCVQTOWUVGORNQ[UCHGYQTMKPIRTCEVKEGUCPFQDUGTXGCNNTGNCVGFNQECNYQTMUCHGV[
TGSWKTGOGPVUCPFTGIWNCVKQPU
 +HCP[QHVJGHQNNQYKPIUVCVGOGPVUFQGUPQVEQORN[YKVJNQECNNGIKUNCVKQPVJGUVTKEVGTQHVJGVYQ
UJCNNCRRN[
 +PUVCNNCVKQPQRGTCVKQPOCKPVGPCPEGCPFTGRCKTYQTMOWUVQPN[DGRGTHQTOGFD[CWVJQTKUGFVTCKPGF
URGEKCNKUGFRGTUQPPGN
 6JGEQORTGUUQTKUPQVEQPUKFGTGFECRCDNGQHRTQFWEKPICKTQHDTGCVJKPISWCNKV[(QTCKTQHDTGCVJKPI
SWCNKV[VJGEQORTGUUGFCKTOWUVDGCFGSWCVGN[RWTKHKGFCEEQTFKPIVQNQECNNGIKUNCVKQPCPF
UVCPFCTFU
 $GHQTGCP[OCKPVGPCPEGTGRCKTYQTMCFLWUVOGPVQTCP[QVJGTPQPTQWVKPGEJGEMUUVQRVJG
EQORTGUUQTRTGUUVJGGOGTIGPE[UVQRDWVVQPUYKVEJQHHVJGXQNVCIGCPFFGRTGUUWTKUGVJG
EQORTGUUQT+PCFFKVKQPVJGRQYGTKUQNCVKPIUYKVEJOWUVDGQRGPGFCPFNQEMGF
 0GXGTRNC[YKVJEQORTGUUGFCKT&QPQVCRRN[VJGCKTVQ[QWTUMKPQTFKTGEVCPCKTUVTGCOCVRGQRNG
0GXGTWUGVJGCKTVQENGCPFKTVHTQO[QWTENQVJGU9JGPWUKPIVJGCKTVQENGCPGSWKROGPVFQUQYKVJ
GZVTGOGECWVKQPCPFYGCTG[GRTQVGEVKQP
2TGECWVKQPUFWTKPIQRGTCVKQP
 7UGQPN[VJGEQTTGEVV[RGCPFUK\GQHJQUGGPFHKVVKPIUCPFEQPPGEVKQPU9JGPDNQYKPIVJTQWIJC
JQUGQTCKTNKPGGPUWTGVJCVVJGQRGPGPFKUJGNFUGEWTGN[#HTGGGPFYKNNYJKRCPFOC[ECWUG
KPLWT[/CMGUWTGVJCVCJQUGKUHWNN[FGRTGUUWTK\GFDGHQTGFKUEQPPGEVKPIKV
 2GTUQPUUYKVEJKPIQPTGOQVGN[EQPVTQNNGFOCEJKPGUUJCNNVCMGCFGSWCVGRTGECWVKQPUVQGPUWTGVJCV
VJGTGKUPQQPGEJGEMKPIQTYQTMKPIQPVJGOCEJKPG6QVJKUGPFCUWKVCDNGPQVKEGUJCNNDGCHHKZGF
VQVJGTGOQVGUVCTVGSWKROGPV
 0GXGTQRGTCVGVJGOCEJKPGYJGPVJGTGKUCRQUUKDKNKV[QHVCMKPIKPHNCOOCDNGQTVQZKEHWOGU
XCRQWTUQTRCTVKENGU

+PUVTWEVKQPOCPWCN

 0GXGTQRGTCVGVJGOCEJKPGDGNQYQTKPGZEGUUQHKVUNKOKVTCVKPIU
 -GGRCNNDQF[YQTMFQQTUUJWVFWTKPIQRGTCVKQP6JGFQQTUOC[DGQRGPGFHQTUJQTVRGTKQFUQPN[
GIVQECTT[QWVTQWVKPGEJGEMU9GCTGCTRTQVGEVQTUYJGPQRGPKPICFQQT
 2GQRNGUVC[KPIKPGPXKTQPOGPVUQTTQQOUYJGTGVJGUQWPFRTGUUWTGNGXGNTGCEJGUQTGZEGGFU
F$
# UJCNNYGCTGCTRTQVGEVQTU
 2GTKQFKECNN[EJGEMVJCV
#NNIWCTFUCTGKPRNCEGCPFUGEWTGN[HCUVGPGF
#NNJQUGUCPFQTRKRGUKPUKFGVJGOCEJKPGCTGKPIQQFEQPFKVKQPUGEWTGCPFPQVTWDDKPI
6JGTGCTGPQNGCMU
#NNHCUVGPGTUCTGVKIJV
#NNGNGEVTKECNNGCFUCTGUGEWTGCPFKPIQQFQTFGT
5CHGV[XCNXGUCPFQVJGTRTGUUWTGTGNKGHFGXKEGUCTGPQVQDUVTWEVGFD[FKTVQTRCKPV
#KTQWVNGVXCNXGCPFCKTPGVKGRKRGUEQWRNKPIUOCPKHQNFUXCNXGUJQUGUGVECTGKPIQQF
TGRCKTHTGGQHYGCTQTCDWUG
 +HYCTOEQQNKPICKTHTQOEQORTGUUQTUKUWUGFKPCKTJGCVKPIU[UVGOUGIVQYCTOWRCYQTMTQQO
VCMGRTGECWVKQPUCICKPUVCKTRQNNWVKQPCPFRQUUKDNGEQPVCOKPCVKQPQHVJGDTGCVJKPICKT
 &QPQVTGOQXGCP[QHQTVCORGTYKVJVJGUQWPFFCORKPIOCVGTKCN
 0GXGTTGOQXGQTVCORGTYKVJVJGUCHGV[FGXKEGUIWCTFUQTKPUWNCVKQPUHKVVGFQPVJGOCEJKPG'XGT[
RTGUUWTGXGUUGNQTCWZKNKCT[KPUVCNNGFQWVUKFGVJGOCEJKPGVQEQPVCKPCKTCDQXGCVOQURJGTKERTGUUWTG
UJCNNDGRTQVGEVGFD[CRTGUUWTGTGNKGXKPIFGXKEGQTFGXKEGUCUTGSWKTGF

#NUQEQPUWNVHQNNQYKPIUCHGV[RTGECWVKQPU5CHGV[RTGECWVKQPUFWTKPIKPUVCNNCVKQPCPF
5CHGV[RTGECWVKQPUFWTKPIOCKPVGPCPEG
6JGUGRTGECWVKQPUCRRN[VQOCEJKPGT[RTQEGUUKPIQTEQPUWOKPICKTQTKPGTVICU
2TQEGUUKPIQHCP[QVJGTICUTGSWKTGUCFFKVKQPCNUCHGV[RTGECWVKQPUV[RKECNVQVJG
CRRNKECVKQPYJKEJCTGPQVKPENWFGFJGTGKP
5QOGRTGECWVKQPUCTGIGPGTCNCPFEQXGTUGXGTCNOCEJKPGV[RGUCPFGSWKROGPVJGPEG
UQOGUVCVGOGPVUOC[PQVCRRN[VQ[QWTOCEJKPG



5CHGV[RTGECWVKQPUFWTKPIOCKPVGPCPEGQTTGRCKT

#NNTGURQPUKDKNKV[HQTCP[FCOCIGQTKPLWT[TGUWNVKPIHTQOPGINGEVKPIVJGUG
RTGECWVKQPUQTPQPQDUGTXCPEGQHVJGPQTOCNECWVKQPCPFECTGTGSWKTGFHQT
KPUVCNNCVKQPQRGTCVKQPOCKPVGPCPEGCPFTGRCKTGXGPKHPQVGZRTGUUN[
UVCVGFYKNNDGFKUENCKOGFD[VJGOCPWHCEVWTGT
)GPGTCNRTGECWVKQPU
 6JGQRGTCVQTOWUVGORNQ[UCHGYQTMKPIRTCEVKEGUCPFQDUGTXGCNNTGNCVGFNQECNYQTMUCHGV[
TGSWKTGOGPVUCPFTGIWNCVKQPU

+PUVTWEVKQPOCPWCN

 +HCP[QHVJGHQNNQYKPIUVCVGOGPVUFQGUPQVEQORN[YKVJNQECNNGIKUNCVKQPVJGUVTKEVGTQHVJGVYQ
UJCNNCRRN[
 +PUVCNNCVKQPQRGTCVKQPOCKPVGPCPEGCPFTGRCKTYQTMOWUVQPN[DGRGTHQTOGFD[CWVJQTKUGFVTCKPGF
URGEKCNKUGFRGTUQPPGN
 6JGEQORTGUUQTKUPQVEQPUKFGTGFECRCDNGQHRTQFWEKPICKTQHDTGCVJKPISWCNKV[(QTCKTQHDTGCVJKPI
SWCNKV[VJGEQORTGUUGFCKTOWUVDGCFGSWCVGN[RWTKHKGFCEEQTFKPIVQNQECNNGIKUNCVKQPCPF
UVCPFCTFU
 $GHQTGCP[OCKPVGPCPEGTGRCKTYQTMCFLWUVOGPVQTCP[QVJGTPQPTQWVKPGEJGEMUUVQRVJG
EQORTGUUQTRTGUUVJGGOGTIGPE[UVQRDWVVQPUYKVEJQHHVJGXQNVCIGCPFFGRTGUUWTKUGVJG
EQORTGUUQT+PCFFKVKQPVJGRQYGTKUQNCVKPIUYKVEJOWUVDGQRGPGFCPFNQEMGF
 0GXGTRNC[YKVJEQORTGUUGFCKT&QPQVCRRN[VJGCKTVQ[QWTUMKPQTFKTGEVCPCKTUVTGCOCVRGQRNG
0GXGTWUGVJGCKTVQENGCPFKTVHTQO[QWTENQVJGU9JGPWUKPIVJGCKTVQENGCPGSWKROGPVFQUQYKVJ
GZVTGOGECWVKQPCPFYGCTG[GRTQVGEVKQP
2TGECWVKQPUFWTKPIOCKPVGPCPEGQTTGRCKT
 #NYC[UYGCTUCHGV[INCUUGU
 7UGQPN[VJGEQTTGEVVQQNUHQTOCKPVGPCPEGCPFTGRCKTYQTM
 7UGQPN[IGPWKPGURCTGRCTVU
 #NNOCKPVGPCPEGYQTMUJCNNQPN[DGWPFGTVCMGPYJGPVJGOCEJKPGJCUEQQNGFFQYP
 #YCTPKPIUKIPDGCTKPICNGIGPFUWEJCUYQTMKPRTQITGUUFQPQVUVCTVUJCNNDGCVVCEJGFVQVJG
UVCTVKPIGSWKROGPV
 2GTUQPUUYKVEJKPIQPTGOQVGN[EQPVTQNNGFOCEJKPGUUJCNNVCMGCFGSWCVGRTGECWVKQPUVQGPUWTGVJCV
VJGTGKUPQQPGEJGEMKPIQTYQTMKPIQPVJGOCEJKPG6QVJKUGPFCUWKVCDNGPQVKEGUJCNNDGCHHKZGF
VQVJGTGOQVGUVCTVGSWKROGPV
 %NQUGVJGEQORTGUUQTCKTQWVNGVXCNXGDGHQTGEQPPGEVKPIQTFKUEQPPGEVKPICRKRG
 $GHQTGTGOQXKPICP[RTGUUWTK\GFEQORQPGPVGHHGEVKXGN[KUQNCVGVJGOCEJKPGHTQOCNNUQWTEGUQH
RTGUUWTGCPFTGNKGXGVJGGPVKTGU[UVGOQHRTGUUWTG
 0GXGTWUGHNCOOCDNGUQNXGPVUQTECTDQPVGVTCEJNQTKFGHQTENGCPKPIRCTVU6CMGUCHGV[RTGECWVKQPU
CICKPUVVQZKEXCRQWTUQHENGCPKPINKSWKFU
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9CTPKPIXQNVCIG

9CTPKPIUYKVEJQHHVJGXQNVCIGCPFFGRTGUUWTKUGEQORTGUUQTDGHQTGTGRCKTKPI

9CTPKPIDGHQTGEQPPGEVKPIEQORTGUUQTGNGEVTKECNN[EQPUWNV+PUVTWEVKQPDQQMHQT
OQVQTTQVCVKQPFKTGEVKQP

6QTSWGUHQTUVGGN
(G QTDTCUU
%W<P DQNVU

.KIJVN[QKNICUMGVQHQKNHKNVGTUETGYKVQPCPFVKIJVGPD[JCPF
CRRTQZJCNHCVWTP

9CTPKPIUVQRVJGEQORTGUUQTDGHQTGTGRCKTKPIHCPU

9CTPKPIUYKVEJQHHVJGXQNVCIGDGHQTGTGOQXKPIRTQVGEVKPIEQXGTKPUKFGGNGEVTKE
EWDKENG

%QPUWNVVJGKPUVTWEVKQPDQQMDGHQTGECTT[KPIQWVOCKPVGPCPEG



%QQNKPIYCVGTQWVNGV



%QQNKPIYCVGTKPNGV

+PUVTWEVKQPOCPWCN

1RGTCVKPIKPUVTWEVKQPU



$GHQTGKPKVKCNUVCTVWR

5CHGV[
6JGQRGTCVQTOWUVCRRN[CNNTGNGXCPVUCHGV[RTGECWVKQPUKPENWFKPIVJQUGOGPVKQPGFKP
VJKUDQQM

1WVFQQTCNVKVWFGQRGTCVKQP
+HVJGEQORTGUUQTKUKPUVCNNGFQWVFQQTUQTKHVJGCKTKPNGVVGORGTCVWTGECPDGDGNQYu%u(
RTGECWVKQPUOWUVDGVCMGP+PVJKUECUGCPFCNUQKHQRGTCVKPICDQXGO
HV EQPUWNV#VNCU
%QREQ
/QXKPINKHVKPI
6JGEQORTGUUQTECPDGOQXGFD[CNKHVVTWEMWUKPIVJGUNQVUKPVJGHTCOG6CMGECTGPQVVQFCOCIGVJG
DQF[YQTMFWTKPINKHVKPIQTVTCPURQTV$GHQTGNKHVKPITGKPUVCNNVJGVTCPURQTVUGEWTKPIDQNVU/CMGUWTGVJCV
VJGHQTMURTQVTWFGHTQOVJGQVJGTUKFGQHVJGHTCOG6JGEQORTGUUQTECPCNUQDGNKHVGFCHVGTKPUGTVKPI
DGCOUKPVJGUNQVU/CMGUWTGVJCVVJGDGCOUECPPQVUNKFGCPFVJCVVJG[RTQVTWFGHTQOVJGHTCOG
GSWCNN[6JGEJCKPUOWUVDGJGNFRCTCNNGNVQVJGDQF[YQTMD[EJCKPURTGCFGTUKPQTFGTPQVVQFCOCIGVJG
EQORTGUUQT6JGNKHVKPIGSWKROGPVOWUVDGRNCEGFKPUWEJCYC[VJCVVJGEQORTGUUQTKUNKHVGF
RGTRGPFKEWNCTN[.KHVIGPVN[CPFCXQKFVYKUVKPI
+PECUGQHWPKVUGSWKRRGFYKVJVJG.KHVKPI&GXKEG1RVKQPKVKUPQVCNNQYGFVQNKHVVJG
EQORTGUUQTKHVJGECPQR[RCTVUQTNKHVKPIUWRRQTVUCTGPQVEQORNGVGN[KPUVCNNGF9JGP
VJGEQORTGUUQTKUDGKPINKHVGFKVKUCNUQHQTDKFFGPVQEQOGWPFGTVJGNQCFQTVQRGTHQTO
OCKPVGPCPEGCEVKXKVKGUVQKV
'ZVGTPCNEQORTGUUQTUVCVWUKPFKECVKQPQPEQORTGUUQTUGSWKRRGFYKVJCP'NGMVTQPKMQP++TGIWNCVQT
6JG'NGMVTQPKMQP++TGIWNCVQTKURTQXKFGFYKVJCWZKNKCT[EQPVCEVU
---CPF- CVVJGDCEMQH
VJGGNGEVTQPKEOQFWNGHQTGZVGTPCNKPFKECVKQPQH
NQYQTJKIJCKTRTGUUWTG
- ENQUGFOGCPUJKIJCKTRTGUUWTG
OCPWCNNQCFWPNQCFQTCWVQOCVKEQRGTCVKQP
-
YCTPKPIEQPFKVKQP
-
UJWVFQYPEQPFKVKQP
-
/CZKOWONQCFHQTVJGUGEQPVCEVU#8#%5VQRVJGEQORTGUUQTCPFUYKVEJQHHVJGXQNVCIG
DGHQTGEQPPGEVKPIGZVGTPCNGSWKROGPV%QPUWNV#VNCU%QREQ
%QORTGUUQTEQPVTQNOQFGUQPEQORTGUUQTUGSWKRRGFYKVJCP'NGMVTQPKMQP++TGIWNCVQT
*CXGVJGOQFKHKECVKQPUEJGEMGFD[#VNCU%QREQ5VQRVJGEQORTGUUQTCPFUYKVEJQHH
VJGXQNVCIGDGHQTGEQPPGEVKPIGZVGTPCNGSWKROGPV1PN[XQNVCIGHTGGEQPVCEVUCTG
CNNQYGF



+PUVTWEVKQPOCPWCN

%QPUWNVUGEVKQP2TQITCOOKPIEQORTGUUQTEQPVTQNOQFGUKHKVKUFGUKTGFVQUYKVEJVQCPQVJGTEQPVTQN
OQFG
6JGHQNNQYKPIEQPVTQNOQFGUECPDGUGNGEVGF
.QECNEQPVTQN6JGEQORTGUUQTYKNNTGCEVVQEQOOCPFUGPVGTGFD[VJGDWVVQPUQPVJGEQPVTQNRCPGN
%QORTGUUQTUVCTVUVQREQOOCPFUXKC%NQEMHWPEVKQPCTGCEVKXGKHRTQITCOOGF
4GOQVGEQPVTQN6JGEQORTGUUQTYKNNTGCEVVQEQOOCPFUHTQOGZVGTPCNUYKVEJGU'OGTIGPE[UVQR
TGOCKPUCEVKXG%QORTGUUQTUVCTVUVQREQOOCPFUXKC%NQEMHWPEVKQPCTGUVKNNRQUUKDNG
(QTTGOQVGUVCTVKPICPFUVQRRKPI
%QPPGEVCUVCTVRTQITCOOGFUVQRDWVVQPDGVYGGPVGTOKPCNUCPFQHEQPPGEVQT
: 5GG
UGEVKQP'NGEVTKECNU[UVGOVQNQECVGVJGEQPPGEVQT
$TKFIGVGTOKPCNUCPFQHEQPPGEVQT
: +PVJKUOQFGVJGQWVNGVRTGUUWTGKUUVKNNUGPUGFD[
RTGUUWTGVTCPUFWEGT
26 TGUWNVKPIKPNQCFKPICPFWPNQCFKPIQHVJGEQORTGUUQTCVVJGRTGUUWTGU
RTQITCOOGFKPVJGGNGEVTQPKETGIWNCVQT+HVGTOKPCNUCPFQHEQPPGEVQT
: CTGPQVDTKFIGF
VJGEQORTGUUQTKUUYKVEJGFQWVQHCWVQOCVKENQCFWPNQCFQRGTCVKQPCPFTGOCKPUTWPPKPIWPNQCFGF
5GGUGEVKQP'NGEVTKECNU[UVGOVQNQECVGVJGEQPPGEVQT
(QTTGOQVGNQCFKPIWPNQCFKPI
XKCGZVGTPCNRTGUUWTGUYKVEJ 
$TKFIGVGTOKPCNUCPFQHEQPPGEVQT
: CPFEQPPGEVCNQCFWPNQCFUYKVEJDGVYGGP
VGTOKPCNUCPFQHEQPPGEVQTUVTKR
: 6JKUTGUWNVUKPNQCFKPICPFWPNQCFKPIQHVJG
EQORTGUUQTCVVJGENQUKPICPFQRGPKPIRTGUUWTGUQHVJGGZVGTPCNRTGUUWTGUYKVEJTGURGEVKXGN[
.#0EQPVTQN6JGEQORTGUUQTKUEQPVTQNNGFXKCCNQECNPGVYQTM%QPUWNV#VNCU%QREQ



+PKVKCNUVCTVWR

5CHGV[
6JGQRGTCVQTOWUVCRRN[CNNTGNGXCPV5CHGV[RTGECWVKQPU

2TQEGFWTG
(QTVJGNQECVKQPQHVJGCKTQWVNGVXCNXGCPFVJGFTCKPEQPPGEVKQPUUGGUGEVKQPU
+PVTQFWEVKQPCPF%QPFGPUCVGU[UVGO



+PUVTWEVKQPOCPWCN

#KTTGEGKXGTVTCPURQTVHKZVWTGU

/QVQTCPFIGCTECUKPIVTCPURQTVHKZVWTGU



+PUVTWEVKQPOCPWCN

'NGEVTKEEWDKENGV[RKECNGZCORNG



%QPUWNVVJGUGEVKQPU'NGEVTKEECDNGUK\G+PUVCNNCVKQPRTQRQUCNCPF&KOGPUKQPFTCYKPIU

6JGHQNNQYKPIVTCPURQTVHKZVWTGURCKPVGFTGFOWUVDGTGOQXGF
$QNVU

$WUJGU

5WRRQTVU


%JGEMVJCVVJGGNGEVTKECNEQPPGEVKQPUEQTTGURQPFVQVJGNQECNEQFGUCPFVJCVCNNYKTGUCTG
ENCORGFVKIJVVQVJGKTVGTOKPCNU
6JGKPUVCNNCVKQPOWUVDGGCTVJGFCPFRTQVGEVGFCICKPUVUJQTVEKTEWKVUD[HWUGUQHVJGKPGTVV[RGKP
CNNRJCUGU#PKUQNCVKPIUYKVEJOWUVDGKPUVCNNGFPGCTVJGEQORTGUUQT

%JGEMVTCPUHQTOGT
6 HQTEQTTGEVEQPPGEVKQP
%JGEMVJGUGVVKPIUQHFTKXGOQVQTQXGTNQCFTGNC[
( 
%JGEMVJCVVJGOQVQTQXGTNQCFTGNC[KUUGVHQTOCPWCNTGUGVVKPI

1PCKTEQQNGFEQORTGUUQTUEJGEMVJGUGVVKPIQHEKTEWKVDTGCMGT
3 #NUQEJGEMVJCVVJG
UYKVEJQPVJGEKTEWKVDTGCMGTKUKPRQUKVKQP+

(KVCKTQWVNGVXCNXG
#8 UGGUGEVKQP+PVTQFWEVKQPHQTVJGNQECVKQPQHVJGXCNXG
%NQUGVJGXCNXG
%QPPGEVVJGCKTPGVVQVJGXCNXG
1PEQORTGUUQTUGSWKRRGFYKVJCFT[GTD[RCUUHKVVJGCKTQWVNGVXCNXGVQVJGFT[GTD[RCUURKRG

+PUVTWEVKQPOCPWCN

%QPPGEVVJGEQPFGPUCVGFTCKPQWVNGV
U VQCFTCKPEQNNGEVQT
5GGUGEVKQP%QPFGPUCVGU[UVGO

6JGFTCKPRKRGUVQVJGFTCKPEQNNGEVQTOWUVPQVFKRKPVQVJGYCVGT+HVJGRKRGUJCXGDGGPHKVVGF
QWVUKFGVJGTQQOYJGTGHTGG\KPIKURQUUKDNGVJG[OWUVDGKPUWNCVGF(QTFTCKPKPIQHRWTG
EQPFGPUCVGYCVGTKPUVCNNCPQKNYCVGTUGRCTCVQTYJKEJKUCXCKNCDNGHTQO#VNCU%QREQCUCP
QRVKQP5GGUGEVKQP15&WPKV

(QTEQORTGUUQTUYKVJC&&QTC&&CPF2&HKNVGTEQPPGEVVJGCWVQOCVKEFTCKPQHVJGHKNVGTUVQC
UWKVCDNGFTCKPEQNNGEVQT

1PYCVGTEQQNGFEQORTGUUQTUFTCKPXCNXGUUJWVQHHXCNXGUCPFCTGIWNCVKPIXCNXGUJQWNFDG
HKVVGFD[VJGEWUVQOGTKPVJGEQQNKPIYCVGTRKRKPI

%JGEMVJGQKNNGXGN5GGUGEVKQP1KNCPFQKNHKNVGTEJCPIG

2TQXKFGNCDGNUYCTPKPIVJGQRGTCVQTVJCV
6JGEQORTGUUQTOC[CWVQOCVKECNN[TGUVCTVCHVGTXQNVCIGHCKNWTG
KHCEVKXCVGFEQPUWNV#VNCU
%QREQ 
6JGEQORTGUUQTKUCWVQOCVKECNN[EQPVTQNNGFCPFOC[DGTGUVCTVGFCWVQOCVKECNN[

1PYCVGTEQQNGFEQORTGUUQTUENQUGVJGEQQNKPIYCVGTFTCKPXCNXGU1RGPVJGEQQNKPIYCVGTKPNGV
XCNXGCPFVJGTGIWNCVKQPXCNXG

5YKVEJQPVJGXQNVCIG5VCTVVJGEQORTGUUQTCPFUVQRKVKOOGFKCVGN[%JGEMVJGTQVCVKQP
FKTGEVKQPQHFTKXGOQVQT
/ YJKNGVJGOQVQTKUEQCUVKPIVQCUVQR6JGEQTTGEVTQVCVKQPFKTGEVKQP
QHVJGFTKXGOQVQTKUKPFKECVGFD[CPCTTQYUJQYPQPVJGOQVQTHCPEQYN
1PCKTEQQNGFEQORTGUUQTUEJGEMCNUQVJGTQVCVKQPFKTGEVKQPQHVJGHCPOQVQT4QVCVKQPCTTQYU
XKUKDNGVJTQWIJVJGITCVKPIKPVJGTQQHCTGRTQXKFGFQPVJGRNCVGDGNQYVJGHCPVQKPFKECVGVJG
EQTTGEVTQVCVKQPFKTGEVKQPQHVJGHCPOQVQT
+HVJGTQVCVKQPFKTGEVKQPQHVJGFTKXGOQVQTKUKPEQTTGEVQRGPVJGKUQNCVKPIUYKVEJCPFTGXGTUGVYQ
KPEQOKPIGNGEVTKENKPGU
+HVJGTQVCVKQPFKTGEVKQPQHVJGHCPOQVQTKUKPEQTTGEVQRGPVJGKUQNCVKPIUYKVEJCPFTGXGTUGVYQ
KPEQOKPIGNGEVTKEEQPPGEVKQPUCVVJGVGTOKPCNUQHEKTEWKVDTGCMGT
3 
+PEQTTGEVTQVCVKQPFKTGEVKQPQHVJGFTKXGOQVQTOC[ECWUGFCOCIGVQVJGEQORTGUUQT

1PEQORTGUUQTUGSWKRRGFYKVJCP'NGMVTQPKMQP++TGIWNCVQTEJGEMVJGRTQITCOOGFUGVVKPIU
%QPUWNVUGEVKQP2TQITCOOCDNGUGVVKPIU

5VCTVCPFTWPVJGEQORTGUUQTHQTCHGYOKPWVGU%JGEMVJCVVJGEQORTGUUQTQRGTCVGUPQTOCNN[



$GHQTGUVCTVKPI

4GOCTMU
+HVJGEQORTGUUQTJCUPQVTWPHQTVJGRCUVOQPVJUKVKUUVTQPIN[TGEQOOGPFGF
VQKORTQXGVJGNWDTKECVKQPQHVJGEQORTGUUQTGNGOGPVCVUVCTVKPI&KUEQPPGEVVJG
KPNGVJQUGTGOQXGVJGWPNQCFGT
7# CPFRQWTN
75ICN+ORICN 
QHQKNKPVQVJGEQORTGUUQTGNGOGPV4GKPUVCNNVJGWPNQCFGTCPFTGEQPPGEVVJGKPNGV
JQUG/CMGUWTGVJCVCNNEQPPGEVKQPUCTGVKIJV
1P(WNN(GCVWTGEQORTGUUQTUUYKVEJQPVJGXQNVCIGJQWTUDGHQTGUVCTVKPIVQ
GPGTIKUGVJGETCPMECUGJGCVGTQHVJGTGHTKIGTCPVEQORTGUUQTQHVJGFT[GT



+PUVTWEVKQPOCPWCN

2TQEGFWTG

.QECVKQPQHWPNQCFGT


5GGUGEVKQP+PKVKCNUVCTVWRHQTNQECVKQPQHVJGQKNU[UVGOEQORQPGPVU
%JGEMQKNNGXGN
)N VQRWRKHPGEGUUCT[6JGRQKPVGTUJQWNFDGKPVJGWRRGTHKGNFQHVJGITGGP
TCPIGQTKPVJGQTCPIGTCPIG+HVJGRQKPVGTTGIKUVGTUKPVJG.19TCPIGFGRTGUUWTK\GVJGQKN
U[UVGO
UGGUGEVKQP2TQDNGOUQNXKPI 9CKVWPVKNVJGEQORTGUUQTJCUFGRTGUUWTK\GF7PUETGYQKN
HKNNGTRNWI
(% QPN[QPGVWTPVQRGTOKVCP[RTGUUWTGKPVJGU[UVGOVQGUECRG4GOQXGVJGHKNNGT
ECRCPFCFFQKNWPVKNVJGNGXGNTGCEJGUVJGHKNNGTPGEM6KIJVGPVJGRNWI

+HPGEGUUCT[GORV[VJGFWUVVTCRQHVJGHKNVGTUGGUGEVKQP#KTHKNVGT

+HVJGTGFRCTVQHVJGCKTHKNVGTUGTXKEGKPFKECVQTUJQYUHWNNQWVTGRNCEGVJGCKTHKNVGTGNGOGPV4GUGV
VJGUGTXKEGKPFKECVQT
8+ D[RWUJKPIVJGMPQDKPVJGGZVTGOKV[QHVJGDQF[CPFTGUGVVJGUGTXKEG
YCTPKPI
1PEQORTGUUQTUGSWKRRGFYKVJCP'NGMVTQPKMQP++TGIWNCVQTUGGUGEVKQP5GTXKEGOGPW

1PYCVGTEQQNGFEQORTGUUQTUCNUQ
%JGEMVJCVVJGEQQNKPIYCVGTFTCKPXCNXGUKPVJGKPNGVCPFQWVNGVRKRGUCTGENQUGF
1RGPVJGEQQNKPIYCVGTKPNGVXCNXG
1RGPVJGYCVGTHNQYTGIWNCVKPIXCNXG6JKUUVGRECPDGUMKRRGFKHCHVGTRTGXKQWUQRGTCVKQP
VJGUGVVKPIQHVJKUXCNXGJCUPQVDGGPEJCPIGF



5VCTVKPI

2TQEGFWTG
(QTVJGRQUKVKQPQHVJGCKTQWVNGVXCNXGCPFVJGFTCKPEQPPGEVKQPUUGGUGEVKQPU
+PVTQFWEVKQPCPF%QPFGPUCVGU[UVGO



+PUVTWEVKQPOCPWCN

%QPVTQNRCPGNQH'NGMVTQPKMQP++
5VGR

#EVKQP

5YKVEJQPVJGXQNVCIG%JGEMVJCVXQNVCIGQP.'&
 NKIJVUWR

1RGPVJGCKTQWVNGVXCNXG

2TGUUUVCTVDWVVQP
 QPVJGEQPVTQNRCPGN6JGEQORTGUUQTUVCTVUTWPPKPICPFVJGCWVQOCVKE
QRGTCVKQP.'&
 NKIJVUWR6GPUGEQPFUCHVGTUVCTVKPIVJGFTKXGOQVQTUYKVEJGUQXGTHTQOUVCT
VQFGNVCCPFVJGEQORTGUUQTUVCTVUTWPPKPINQCFGF

1PYCVGTEQQNGFEQORTGUUQTUTGIWNCVGVJGEQQNKPIYCVGTHNQYFWTKPINQCFGFTWPPKPIVQQDVCKP
VJGOQUVUWKVCDNGVGORGTCVWTGCVVJGQWVNGVQHVJGEQORTGUUQTGNGOGPVKGDGVYGGPCPF
u%
CPFu( CDQXGVJGTGNGXCPVVGORGTCVWTGKPVJGHKIWTGDGNQY(QTQRVKOWOQRGTCVKQP
VJGEQQNKPIYCVGTQWVNGVVGORGTCVWTGOWUVPGXGTGZEGGFVJGXCNWGURGEKHKGFKPUGEVKQP
%QORTGUUQTFCVC%QPUWNV#VNCU%QREQKHEQPFGPUCVGUJQWNFHQTOFWTKPIHTGSWGPVWPNQCFKPI
RGTKQFU



+PUVTWEVKQPOCPWCN

/KPKOWOEQORTGUUQTGNGOGPVVGORGTCVWTGHQTYCVGTEQQNGFWPKVU

# #KTKPNGVVGORGTCVWTG

$ %QPFGPUCVKQPVGORGTCVWTG

% 9QTMKPIRTGUUWTG

& 4GNCVKXGCKTJWOKFKV[
'ZCORNG+HQRGTCVKPICVCRTGUUWTGQHDCT
G 
RUKI KPCPCODKGPVVGORGTCVWTGQHu%
u( 
CPFCVCTGNCVKXGCKTJWOKFKV[QHVJGOKPKOWOVGORGTCVWTGVQRTGXGPVEQPFGPUCVGHTQOHQTOKPIKU
u%
u( 4GIWNCVGVJGEQQNKPIYCVGTHNQYFWTKPINQCFGFQRGTCVKQPVQQDVCKPCVGORGTCVWTG
DGVYGGPCPFCRRTQZu%
CPFCRRTQZu( CVVJGQWVNGVQHVJGEQORTGUUQTGNGOGPV



&WTKPIQRGTCVKQP

2TQEGFWTG
6JGQRGTCVQTOWUVCRRN[CNNTGNGXCPV5CHGV[RTGECWVKQPU#NUQEQPUWNVUGEVKQP2TQDNGO
UQNXKPI
-GGRVJGFQQTUENQUGFFWTKPIQRGTCVKQPVJG[OC[DGQRGPGFHQTUJQTVRGTKQFUQPN[VQ
ECTT[QWVEJGEMU
9JGPVJGOQVQTUCTGUVQRRGFCPF.'&
 KUCNKIJVVJGOQVQTUOC[UVCTV
CWVQOCVKECNN[



+PUVTWEVKQPOCPWCN

%QPVTQNRCPGN'NGMVTQPKMQP++

2QUKVKQPQHQKNNGXGNUKIJVINCUU



+PUVTWEVKQPOCPWCN

2QUKVKQPQHVJGUGTXKEGKPFKECVQT
%JGEMVJGQKNNGXGNFWTKPINQCFGFQRGTCVKQPVJGRQKPVGTQHNGXGNICWIG
)N OWUVTGIKUVGTKPVJGITGGP
TCPIGKHPQVRTGUUUVQRDWVVQP
 
%NQUGVJGCKTQWVNGVXCNXGCPFRTGUUVJGVGUVDWVVQPQPVQRQHVJGGNGEVTQPKEYCVGTFTCKP
VYQYCVGT
FTCKPUCTGRTQXKFGFQP(WNN(GCVWTGEQORTGUUQTU WPVKNVJGCKTU[UVGODGVYGGPVJGCKTTGEGKXGTCPFQWVNGV
XCNXGKUHWNN[FGRTGUUWTKUGF5GGUGEVKQP+PVTQFWEVKQPCPFUGEVKQP%QPFGPUCVGU[UVGOHQTNQECVKQPQHVJG
QWVNGVXCNXGCPFYCVGTFTCKP
2TGUUVJGGOGTIGPE[UVQRDWVVQP
 
9CKVWPVKNVJGEQORTGUUQTJCUFGRTGUUWTKUGF7PUETGYQKNHKNNGTRNWI
(% QPGVWTPVQRGTOKVCP[RTGUUWTG
KPVJGU[UVGOVQGUECRG9CKVCHGYOKPWVGU4GOQXGVJGRNWICPFCFFQKNWPVKNVJGNGXGNTGCEJGUVJG
HKNNGTQRGPKPI(KVCPFVKIJVGPVJGRNWI
(% 
+HVJGEQNQWTGFRCTVQHUGTXKEGKPFKECVQT
8+ UJQYUHWNNQWVTGRNCEGVJGCKTHKNVGTGNGOGPV4GUGVVJG
UGTXKEGKPFKECVQTD[RWUJKPIVJGMPQDKPVJGGZVTGOKV[QHVJGDQF[
9JGPCWVQOCVKEQRGTCVKQP.'&
 KUNKVVJGTGIWNCVQTKUCWVQOCVKECNN[EQPVTQNNKPIVJGEQORTGUUQTKG
NQCFKPIWPNQCFKPIUVQRRKPIQHVJGOQVQTUCPFTGUVCTVKPI
4GIWNCTN[EJGEMVJCVEQPFGPUCVGKUFKUEJCTIGFFWTKPIQRGTCVKQP5GGUGEVKQP%QPFGPUCVGU[UVGOCPFKP
ECUGQHCP15&CNUQEJGEMVJGNGXGNKPVJGQKNEQNNGEVQTUGGUGEVKQP15&/CKPVGPCPEGCPFQRGTCVKPI
KPUVTWEVKQP6JGCOQWPVQHEQPFGPUCVGFGRGPFUQPGPXKTQPOGPVCNCPFYQTMKPIEQPFKVKQPU



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%JGEMKPIVJGFKURNC[

2TQEGFWTG

%QPVTQNRCPGN'NGMVTQPKMQP++
1PEQORTGUUQTUGSWKRRGFYKVJCP'NGMVTQPKMQP++TGIWNCVQTEJGEMVJGFKURNC[
 TGIWNCTN[HQTTGCFKPIU
CPFOGUUCIGU0QTOCNN[VJGFKURNC[UJQYUVJGEQORTGUUQTQWVNGVRTGUUWTGVJGUVCVWUQHVJG
EQORTGUUQTCPFVJGCDDTGXKCVKQPUQHVJGHWPEVKQPUQHVJGMG[UDGNQYVJGFKURNC[4GOGF[VJGVTQWDNGKH
CNCTO.'&
 KUNKVQTHNCUJGUUGGUGEVKQP5VCVWUFCVCOGPW
6JGFKURNC[
 YKNNUJQYCUGTXKEGOGUUCIGKHCUGTXKEGRNCPKPVGTXCNJCUDGGPGZEGGFGFQTKHCUGTXKEG
NGXGNHQTCOQPKVQTGFEQORQPGPVJCUDGGPGZEGGFGF%CTT[QWVVJGUGTXKEGCEVKQPUQHVJGKPFKECVGFRNCPU
QTTGRNCEGVJGEQORQPGPVCPFTGUGVVJGTGNGXCPVVKOGTUGGUGEVKQP5VCVWUFCVCOGPW



5VQRRKPI

'NGMVTQPKMQPTGIWNCVQT

%QPVTQNRCPGNQH'NGMVTQPKMQP++



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2TQEGFWTG
5VGR

#EVKQP

2TGUUUVQRDWVVQP
 #WVQOCVKEQRGTCVKQP.'&
 IQGUQWVCPFVJGEQORTGUUQT
UVQRUCHVGTUGEQPFUQHWPNQCFGFQRGTCVKQP

6QUVQRVJGEQORTGUUQTKPVJGGXGPVQHCPGOGTIGPE[RTGUUGOGTIGPE[UVQRDWVVQP

 #NCTO.'&HNCUJGU
 
1PEQORTGUUQTUYKVJ'NGMVTQPKMQP++CHVGTTGOGF[KPIVJGHCWNVWPNQEMVJGDWVVQPD[
RWNNKPIKVQWVCPFRTGUU4UGVMG[
 DGHQTGTGUVCTVKPI

%NQUGCKTQWVNGVXCNXG
#8 UGGUGEVKQP+PVTQFWEVKQP

2TGUUVJGVGUVDWVVQPQPVQRQHVJGGNGEVTQPKEYCVGTFTCKP
U WPVKNVJGCKTU[UVGO
DGVYGGPCKTTGEGKXGTCPFQWVNGVXCNXGKUHWNN[FGRTGUUWTK\GF5GGUGEVKQP
%QPFGPUCVGU[UVGO
5YKVEJQHHVJGXQNVCIG

1PYCVGTEQQNGFEQORTGUUQTU
%NQUGVJGEQQNKPIYCVGTKPNGVXCNXG
+HHTGG\KPIVGORGTCVWTGUECPDGGZRGEVGFFTCKPVJGEQQNKPIU[UVGOEQORNGVGN[



6CMKPIQWVQHQRGTCVKQP

9CTPKPI
6JGQRGTCVQTOWUVCRRN[CNNTGNGXCPV5CHGV[RTGECWVKQPU

2TQEGFWTG



5VGR

#EVKQP

5VQRVJGEQORTGUUQTCPFENQUGVJGCKTQWVNGVXCNXG

2TGUUVJGVGUVDWVVQPQPVQRQHVJGGNGEVTQPKEYCVGTFTCKP
U WPVKNVJGCKTU[UVGO
DGVYGGPCKTTGEGKXGTCPFQWVNGVXCNXGKUHWNN[FGRTGUUWTK\GF%QPUWNVUGEVKQP
%QPFGPUCVGU[UVGOVQNQECVGVJGFTCKPXCNXG

5YKVEJQHHVJGXQNVCIGCPFFKUEQPPGEVVJGEQORTGUUQTHTQOVJGOCKPU

7PUETGYVJGQKNHKNNGTRNWIQPN[QPGVWTPVQRGTOKVCP[RTGUUWTGKPVJGU[UVGOVQ
GUECRG
%QPUWNVUGEVKQP1KNCPFQKNHKNVGTEJCPIGVQNQECVGVJGHKNNGTRNWI

5JWVQHHCPFFGRTGUUWTKUGVJGRCTVQHVJGCKTPGVYJKEJKUEQPPGEVGFVQVJGQWVNGV
XCNXG&KUEQPPGEVVJGEQORTGUUQTCKTQWVNGVRKRGHTQOVJGCKTPGV

1PYCVGTEQQNGFEQORTGUUQTU
+UQNCVGCPFFKUEQPPGEVVJGYCVGTU[UVGOHTQOVJGEQQNKPIYCVGTPGV
&TCKPVJGYCVGTEKTEWKV

&TCKPVJGQKN

&TCKPVJGEQPFGPUCVGEKTEWKVCPFFKUEQPPGEVVJGEQPFGPUCVGRKRKPIHTQOVJG
EQPFGPUCVGPGV

+PUVTWEVKQPOCPWCN

/CKPVGPCPEG



2TGXGPVKXGOCKPVGPCPEGUEJGFWNG

%QPVTQNRCPGN

%QPVTQNRCPGN'NGMVTQPKMQP++
9CTPKPI
$GHQTGECTT[KPIQWVCP[OCKPVGPCPEGTGRCKTYQTMQTCFLWUVOGPVURTQEGGFCU
HQNNQYU
5VQRVJGEQORTGUUQT
%NQUGVJGCKTQWVNGVXCNXGCPFRTGUUVJGVGUVDWVVQPQPVQRQHVJGGNGEVTQPKEYCVGT
FTCKP
U WPVKNVJGCKTU[UVGODGVYGGPCKTTGEGKXGTCPFCPFQWVNGVXCNXGKUHWNN[
FGRTGUUWTK\GF
2TGUUVJGGOGTIGPE[UVQRDWVVQP
 
5YKVEJQHHVJGXQNVCIG
&GRTGUUWTKUGVJGEQORTGUUQT
(QTFGVCKNGFKPUVTWEVKQPUUGGUGEVKQP2TQDNGOUQNXKPI
6JGQRGTCVQTOWUVCRRN[CNNTGNGXCPV5CHGV[RTGECWVKQPU
9CTTCPV[2TQFWEV.KCDKNKV[
7UGQPN[CWVJQTKUGFRCTVU#P[FCOCIGQTOCNHWPEVKQPECWUGFD[VJGWUGQHWPCWVJQTKUGFRCTVUKUPQV
EQXGTGFD[9CTTCPV[QT2TQFWEV.KCDKNKV[
5GTXKEGMKVU
(QTQXGTJCWNKPIQTECTT[KPIQWVRTGXGPVKXGOCKPVGPCPEGUGTXKEGMKVUCTGCXCKNCDNG
UGGUGEVKQP5GTXKEG
MKVU 
5GTXKEGEQPVTCEVU
#VNCU%QREQQHHGTUUGXGTCNV[RGUQHUGTXKEGEQPVTCEVUTGNKGXKPI[QWQHCNNRTGXGPVKXGOCKPVGPCPEGYQTM
%QPUWNV[QWT#VNCU%QREQ%WUVQOGT%GPVTG



+PUVTWEVKQPOCPWCN

)GPGTCN
9JGPUGTXKEKPITGRNCEGCNNTGOQXGFICUMGVU1TKPIUCPFYCUJGTU
+PVGTXCNU
6JGNQECN#VNCU%QREQ%WUVQOGT%GPVTGOC[QXGTTWNGVJGOCKPVGPCPEGUEJGFWNGGURGEKCNN[VJGUGTXKEG
KPVGTXCNUFGRGPFKPIQPVJGGPXKTQPOGPVCNCPFYQTMKPIEQPFKVKQPUQHVJGEQORTGUUQT
6JGNQPIGTKPVGTXCNEJGEMUOWUVCNUQKPENWFGVJGUJQTVGTKPVGTXCNEJGEMU
5GTXKEGRNCPUHQTEQORTGUUQTUYKVJ'NGMVTQPKMQP++
$GUKFGUVJGFCKN[CPFOQPVJN[EJGEMUVJGUGTXKEGQRGTCVKQPUCTGITQWRGFKPRNCPU
ECNNGFUGTXKEGRNCPU#$CUURGEKHKGFKPVJGUEJGFWNGDGNQY
'CEJRNCPJCUCRTQITCOOGFVKOGKPVGTXCNCVYJKEJCNNUGTXKEGCEVKQPUDGNQPIKPIVQVJCV
RNCPCTGVQDGECTTKGFQWV9JGPTGCEJKPIVJGKPVGTXCNCOGUUCIGYKNNCRRGCTQPVJG
UETGGPKPFKECVKPIYJKEJUGTXKEGRNCPUCTGVQDGECTTKGFQWVUGGUGEVKQP5VCVWUFCVC
OGPW#HVGTUGTXKEKPIVJGKPVGTXCNUOWUVDGTGUGVUGGUGEVKQP5GTXKEGOGPW
2TGXGPVKXGOCKPVGPCPEGUEJGFWNG
)GPGTCN



2GTKQF

1RGTCVKQP

&CKN[

%JGEMQKNNGXGN

%JGEMTGCFKPIUQPFKURNC[

%JGEMCKTHKNVGTUGTXKEGKPFKECVQT

1PYCVGTEQQNGFWPKVU%JGEMHQTEQQNKPIYCVGTHNQY

OQPVJN[

%JGEMEQQNGTUENGCPKHPGEGUUCT[

%JGEMEQPFGPUGTQHFT[GTCPFENGCPKHPGEGUUCT[

4GOQXGCKTHKNVGTGNGOGPV%NGCPWUKPICPCKTLGVCPFKPURGEV
/QTGHTGSWGPVN[YJGPQRGTCVKPIKPCFWUV[CVOQURJGTG
4GRNCEGFCOCIGFQTJGCXKN[EQPVCOKPCVGFGNGOGPVU

%JGEMVJCVEQPFGPUCVGKUFKUEJCTIGFYJGPRTGUUKPIVJGVGUVDWVVQPQPVQRQHVJG
GNGEVTQPKEYCVGTFTCKP
U 

4WPPKPIJQWTU

5GTXKEGRNCP

1RGTCVKQP





+H#VNCU%QREQ4QVQ(QQFITCFG(NWKFKUWUGFEJCPIGQKNCPFQKN
HKNVGT



+H#VNCU%QREQ4QVQKPLGEV(NWKFKUWUGFEJCPIGQKNCPFQKNHKNVGT



4GRNCEGCKTHKNVGTGNGOGPV



%JGEMRTGUUWTGCPFVGORGTCVWTGTGCFKPIU



%CTT[QWVCP.'&FKURNC[VGUV



%JGEMHQTRQUUKDNGCKTQTQKNNGCMCIG



1PYCVGTEQQNGFWPKVU%JGEMHQTRQUUKDNGYCVGTNGCMCIG



%NGCPEQQNGTU

+PUVTWEVKQPOCPWCN

4WPPKPIJQWTU

5GTXKEGRNCP

1RGTCVKQP



%NGCPEQPFGPUGTQHFT[GT



6GUVVGORGTCVWTGUJWVFQYPHWPEVKQP



6GUVUCHGV[XCNXGU



+H#VNCU%QREQ4QVQ:VGPF&WV[(NWKFKUWUGFEJCPIGQKNCPFQKN
HKNVGT



4GRNCEGQKNUGRCTCVQT
1TYJGPVJGRTGUUWTGFTQRQXGTVJGUGRCTCVQTGZEGGFUDCT

RUK %JGEMVJGRTGUUWTGFTQRYJGPVJGEQORTGUUQTKU
TWPPKPINQCFGFCPFRTGHGTCDN[YKVJCUVCDNGYQTMKPIRTGUUWTG

+ORQTVCPV
#NYC[UEQPUWNV#VNCU%QREQKHCVKOGTUGVVKPIJCUVQDGEJCPIGF
(QTVJGEJCPIGKPVGTXCNQHQKNCPFQKNHKNVGTKPGZVTGOGEQPFKVKQPUQHVGORGTCVWTG
JWOKFKV[QTEQQNKPICKTEQPUWNV[QWT#VNCU%QREQ%WUVQOGT%GPVTG
#P[NGCMCIGUJQWNFDGCVVGPFGFVQKOOGFKCVGN[&COCIGFHNGZKDNGUQTHNGZKDNG
LQKPVUOWUVDGTGRNCEGF



&TKXGOQVQT

&GUETKRVKQP
6JGDGCTKPICVVJGPQPFTKXGGPFUKFGKUITGCUGFHQTNKHG
6JGDGCTKPICVVJGFTKXGGPFUKFGKUNWDTKECVGFD[VJGQKNU[UVGO



1KNURGEKHKECVKQPU

0GXGTOKZNWDTKECPVUQHFKHHGTGPVDTCPFUQTV[RGUCUVJG[OC[PQVDGEQORCVKDNGCPF
VJGQKNOKZYKNNJCXGKPHGTKQTRTQRGTVKGU#NCDGNKPFKECVKPIVJGV[RGQHQKNHKNNGFGZ
HCEVQT[KUUVWEMQPVJGCKTTGEGKXGTQKNVCPM
#NYC[UFTCKPVJGEQORTGUUQTQKNCVCNNFTCKPRQKPVU7UGFQKNNGHVKPVJGEQORTGUUQT
ECPEQPVCOKPCVGVJGQKNU[UVGOCPFECPUJQTVGPVJGNKHGVKOGQHVJGPGYQKN

+VKUUVTQPIN[TGEQOOGPFGFVQWUGIGPWKPG#VNCU%QREQ.WDTKECPVU6JG[CTGVJGTGUWNVQH[GCTUQH
GZVGPUKXGHKGNFGZRGTKGPEGCPFTGUGCTEJKPQWTNCDU5GGUGEVKQP2TGXGPVKXGOCKPVGPCPEGUEJGFWNGHQT
TGRNCEGOGPVKPVGTXCNUCPFUGEVKQP5GTXKEG-KVUHQTRCTVPWODGTKPHQTOCVKQP
#VNCU%QREQ4QVQ+PLGEV(NWKF
#VNCU%QREQ4QVQ+PLGEV(NWKFKUCURGEKCNN[FGXGNQRRGFNWDTKECPVHQTWUGKPUKPINGUVCIGQKNKPLGEVGFUETGY
EQORTGUUQTU+VUURGEKHKEEQORQUKVKQPMGGRUVJGEQORTGUUQTKPGZEGNNGPVEQPFKVKQP4QVQ+PLGEV(NWKFECP
DGWUGFHQTEQORTGUUQTUQRGTCVKPICVCODKGPVVGORGTCVWTGUDGVYGGPu%
u( CPFu%
u( 



+PUVTWEVKQPOCPWCN

#VNCU%QREQ4QVQ:VGPF&WV[(NWKF
#VNCU%QREQ4QVQ:VGPF&WV[(NWKFKUCJKIJSWCNKV[U[PVJGVKENWDTKECPVHQTQKNKPLGEVGFUETGY
EQORTGUUQTUYJKEJMGGRUVJGEQORTGUUQTKPGZEGNNGPVEQPFKVKQP4QVQ:VGPF&WV[(NWKFECPDGWUGFHQT
EQORTGUUQTUQRGTCVKPICVCODKGPVVGORGTCVWTGUDGVYGGPu%
u( CPFu%
u( 
#VNCU%QREQ4QVQ(QQFITCFG(NWKF
5RGEKCNQKNFGNKXGTGFCUCPQRVKQP
#VNCU%QREQ4QVQ(QQFITCFGHNWKFKUCWPKSWGJKIJSWCNKV[U[PVJGVKENWDTKECPVURGEKCNN[ETGCVGFHQTQKN
KPLGEVGFUETGYEQORTGUUQTUVJCVRTQXKFGCKTHQTVJGHQQFKPFWUVT[6JKUNWDTKECPVMGGRUVJGEQORTGUUQT
KPGZEGNNGPVEQPFKVKQP4QVQ(QQFITCFG(NWKFECPDGWUGFHQTEQORTGUUQTUQRGTCVKPICVCODKGPV
VGORGTCVWTGUDGVYGGPu%
u( CPFu%
u( 



1KNCPFQKNHKNVGTEJCPIG

9CTPKPI
6JGQRGTCVQTOWUVCRRN[CNNTGNGXCPV5CHGV[RTGECWVKQPU
+HVJGEQORTGUUQTKUGSWKRRGFYKVJCP'PGTI[4GEQXGT[WPKVCNUQEQPUWNV
/CKPVGPCPEGHQT'PGTI[4GEQXGT[5[UVGOU



+PUVTWEVKQPOCPWCN

2TQEGFWTG

1KNU[UVGOEQORQPGPVU

1KNFTCKPRNWIU



+PUVTWEVKQPOCPWCN

4WPVJGEQORTGUUQTWPVKNYCTO5VQRVJGEQORTGUUQTCHVGTOKPWVGUQHWPNQCFGFQRGTCVKQP
%NQUGVJGCKTQWVNGVXCNXGCPFUYKVEJQHHVJGXQNVCIG9CKVCHGYOKPWVGUCPFFGRTGUUWTKUGD[
WPUETGYKPIQKNHKNNGTRNWI
(% LWUVQPGVWTPVQRGTOKVCP[RTGUUWTGKPVJGU[UVGOVQGUECRG

.QQUGPVJGXGPVRNWIQHVJGQKNEQQNGTCPFYCKVHQTOKPWVGU5GGUGEVKQP+PVTQFWEVKQPHQTVJG
RQUKVKQPQHVJGXGPVRNWI
82 

4GOQXGFTCKPRNWI
&2 CPFQRGPFTCKPXCNXG
&O 
#NUQFTCKPVJGQKND[TGOQXKPIVJGFTCKPRNWI
QPVJGEJGEMXCNXG
&2
QPVJGIGCTECUKPI
&2

%QNNGEVVJGQKNKPCEQNNGEVQTCPFFGNKXGTKVVQVJGNQECNEQNNGEVKQPUGTXKEG4GHKVCPFVKIJVGPVJG
FTCKPCPFXGPVRNWIUCHVGTFTCKPKPI
%NQUGVJGFTCKPXCNXG
&O 

7PUETGYVJGDQNVUQHNKF
 CPFTGOQXGKV6CMGVJGHKNVGTGNGOGPVQWVQHVJGQKNHKNVGTJQWUKPI

1( (KVCPGYQKNHKNVGT1KNVJGPGYICUMGV+PUVCNNVJGNKFCPFUETGYVJGDQNVUQHNKF
 QPVJG
QKNHKNVGTJQWUKPI

4GOQXGHKNNGTRNWI
(% 
(KNNVJGCKTTGEGKXGT
#4 YKVJQKNWPVKNVJGNGXGNTGCEJGUVJGHKNNGTPGEM
6CMGECTGVJCVPQFKTVFTQRUKPVQVJGU[UVGO4GHKVCPFVKIJVGPHKNNGTRNWI
(% 

4WPVJGEQORTGUUQTNQCFGFHQTCHGYOKPWVGU5VQRVJGEQORTGUUQTCPFYCKVCHGYOKPWVGU
VQCNNQYVJGQKNVQUGVVNG

&GRTGUUWTKUGVJGU[UVGOD[WPUETGYKPIHKNNGTRNWI
(% LWUVQPGVWTPVQRGTOKVCP[RTGUUWTGKP
VJGU[UVGOVQGUECRG4GOQXGVJGRNWI
(KNNVJGCKTTGEGKXGTYKVJQKNWPVKNVJGNGXGNTGCEJGUVJGHKNNGTPGEM
6KIJVGPVJGHKNNGTRNWI

4GUGVVJGUGTXKEGVKOGT
(QTEQORTGUUQTUGSWKRRGFYKVJCP'NGMVTQPKMQP++TGIWNCVQTCHVGTECTT[KPIQWVCNNUGTXKEG
CEVKQPUKPVJGTGNGXCPV5GTXKEG2NCPTGUGVVJGUGTXKEGYCTPKPIUGGUGEVKQP5GTXKEGOGPW



&KURQUCNQHWUGFOCVGTKCN
7UGFHKNVGTUQTCP[QVJGTWUGFOCVGTKCN
GIFGUKEECPVNWDTKECPVUENGCPKPITCIUOCEJKPGRCTVUGVE 
OWUVDGFKURQUGFQHKPCPGPXKTQPOGPVCNN[HTKGPFN[CPFUCHGOCPPGTCPFKPNKPGYKVJVJGNQECN
TGEQOOGPFCVKQPUCPFGPXKTQPOGPVCNNGIKUNCVKQP



5VQTCIGCHVGTKPUVCNNCVKQP

2TQEGFWTG
4WPVJGEQORTGUUQTGIVYKEGCYGGMWPVKNYCTO.QCFCPFWPNQCFVJGEQORTGUUQTCHGYVKOGU
+HVJGEQORTGUUQTKUIQKPIVQDGUVQTGFYKVJQWVTWPPKPIHTQOVKOGVQVKOG
RTQVGEVKXGOGCUWTGUOWUVDGVCMGP%QPUWNV#VNCU%QREQ



+PUVTWEVKQPOCPWCN



5GTXKEGMKVU

5GTXKEGMKVU
(QTQXGTJCWNKPICPFHQTRTGXGPVKXGOCKPVGPCPEGCYKFGTCPIGQHUGTXKEGMKVUKUCXCKNCDNG5GTXKEGMKVU
EQORTKUGCNNRCTVUTGSWKTGFHQTUGTXKEKPIVJGEQORQPGPVCPFQHHGTVJGDGPGHKVUQHIGPWKPG#VNCU%QREQ
RCTVUYJKNGMGGRKPIVJGOCKPVGPCPEGDWFIGVNQY
#NUQCHWNNTCPIGQHGZVGPUKXGN[VGUVGFNWDTKECPVUUWKVCDNGHQT[QWTURGEKHKEPGGFUKUCXCKNCDNGVQMGGRVJG
EQORTGUUQTKPGZEGNNGPVEQPFKVKQP
%QPUWNVVJG5RCTG2CTVU.KUVHQTRCTVPWODGTU



+PUVTWEVKQPOCPWCN

#FLWUVOGPVUCPFUGTXKEKPIRTQEGFWTGU



#KTHKNVGT

.QECVKQPQHCKTHKNVGT

#KTHKNVGT

5GTXKEGKPFKECVQT
4GEQOOGPFCVKQPU
 0GXGTTGOQXGVJGGNGOGPVYJKNGVJGEQORTGUUQTKUTWPPKPI
 (QTOKPKOWOFQYPVKOGTGRNCEGVJGFKTV[GNGOGPVD[CPGYQPG
 &KUECTFVJGGNGOGPVYJGPFCOCIGF
2TQEGFWTG
 5VQRVJGEQORTGUUQT5YKVEJQHHVJGXQNVCIG
 4GNGCUGVJGUPCRENKRUQHCKTHKNVGT
#( CPFTGOQXGVJGFWUVVTCRCPFVJGCKTHKNVGTGNGOGPV%NGCPVJG
VTCR&KUECTFVJGHKNVGTGNGOGPV
 (KVVJGPGYGNGOGPVCPFVJGVTCR
 4GUGVUGTXKEGKPFKECVQT
 D[RWUJKPIVJGMPQDKPVJGGZVTGOKV[QHVJGDQF[



+PUVTWEVKQPOCPWCN

 4GUGVVJGCKTHKNVGTUGTXKEGYCTPKPI
%QPUWNVUGEVKQP5VCVWUFCVCOGPWVQTGUGVVJGUGTXKEGYCTPKPIQP'NGMVTQPKMQP++TGIWNCVQTU



%QQNGTU

%NGCPKPI
-GGRVJGEQQNGTUENGCPVQOCKPVCKPGHHKEKGPE[
1PCKTEQQNGFEQORTGUUQTU
5VQRVJGEQORTGUUQTENQUGVJGCKTQWVNGVXCNXGCPFUYKVEJQHHVJGXQNVCIG
%QXGTCNNRCTVUWPFGTVJGEQQNGTU
4GOQXGVJGUKFGDCHHNGVJCVGPENQUGUVJGHCPEQORCTVOGPV
4GOQXGCP[FKTVHTQOVJGEQQNGTUYKVJCHKDTGDTWUJ$TWUJKPVJGFKTGEVKQPQHVJGEQQNKPIHKPU
#NUQTGOQXGCP[FKTVHTQOVJGHCPYKVJCHKDTGDTWUJ
6JGPENGCPYKVJCPCKTLGVKPVJGTGXGTUGFKTGEVKQPVQPQTOCNHNQY7UGNQYRTGUUWTGCKTKHPGEGUUCT[
VJGRTGUUWTGOC[DGKPETGCUGFWRVQDCT
G 
RUKI 
+HKVKUPGEGUUCT[VQYCUJVJGEQQNGTUYKVJCENGCPKPICIGPVEQPUWNV#VNCU%QREQ
4GOQXGVJGEQXGTWUGFFWTKPIENGCPKPI
/QWPVVJGUKFGDCHHNGVJCVGPENQUGUVJGHCPEQORCTVOGPV
1PYCVGTEQQNGFEQORTGUUQTU
%QPUWNV#VNCU%QREQCDQWVENGCPKPI



5CHGV[XCNXGU

.QECVKQPQHUCHGV[XCNXG



+PUVTWEVKQPOCPWCN

1RGTCVKPI
1RGTCVGVJGUCHGV[XCNXGD[WPUETGYKPIVJGECRQPGQTVYQVWTPUCPFTGVKIJVGPKPIKV
6GUVKPI
$GHQTGTGOQXKPIVJGXCNXGFGRTGUUWTKUGVJGEQORTGUUQT
5GGUGEVKQP2TQDNGOUQNXKPI
8CNXG
58 ECPDGVGUVGFQPCUGRCTCVGCKTNKPG+HVJGXCNXGFQGUPQVQRGPCVVJGUGVRTGUUWTGUVCORGF
QPVJGXCNXGEQPUWNV#VNCU%QREQ
9CTPKPI
0QCFLWUVOGPVUCTGCNNQYGF0GXGTTWPVJGEQORTGUUQTYKVJQWVUCHGV[XCNXG



+PUVTWEVKQPOCPWCN



2TQDNGOUQNXKPI



2TQDNGOUQNXKPI

9CTPKPI
$GHQTGECTT[KPIQWVCP[OCKPVGPCPEGTGRCKTYQTMQTCFLWUVOGPVRTGUUVJGUVQR
DWVVQPYCKVWPVKNVJGEQORTGUUQTJCUUVQRRGF
CRRTQZUGEQPFU CPFENQUGVJG
CKTQWVNGVXCNXG
2TGUUVJGVGUVDWVVQPQPVQRQHVJGGNGEVTQPKEYCVGTFTCKPWPKVVJGCKTU[UVGO
DGVYGGPVJGCKTTGEGKXGTCPFQWVNGVXCNXGKUHWNN[FGRTGUUWTK\GF
2TGUUVJGGOGTIGPE[UVQRDWVVQPCPFUYKVEJQHHVJGXQNVCIG
&GRTGUUWTKUGVJGEQORTGUUQTD[QRGPKPIVJGQKNHKNNGTRNWIQPGVWTP
(QTNQECVKQPQHEQORQPGPVUUGGUGEVKQPU
+PVTQFWEVKQP
%QPFGPUCVGU[UVGO
+PKVKCNUVCTVWR
1RGPCPFNQEMVJGKUQNCVKPIUYKVEJ
6JGCKTQWVNGVXCNXGECPDGNQEMGFFWTKPIOCKPVGPCPEGQTTGRCKTCUHQNNQYU
%NQUGVJGXCNXG
4GOQXGVJGUETGYHKZKPIVJGJCPFNGYKVJVJGYTGPEJFGNKXGTGFYKVJVJG
EQORTGUUQT
.KHVVJGJCPFNGCPFVWTPKVWPVKNVJGUNQVQHVJGJCPFNGHKVUQXGTVJGDNQEMKPIGFIG
QPVJGXCNXGDQF[
(KVVJGUETGY
6JGQRGTCVQTOWUVCRRN[CNNTGNGXCPV5CHGV[RTGECWVKQPU
(CWNVUCPFTGOGFKGU
1PEQORTGUUQTUGSWKRRGFYKVJCP'NGMVTQPKMQP++TGIWNCVQTKHVJGCNCTO.'&KUNKVQTHNCUJGUEQPUWNV
UGEVKQPU5VCVWUFCVCOGPWCPF5GTXKEGOGPW


%QPFKVKQP

(CWNV

%QORTGUUQTUVCTVUTWPPKPIDWV 5QNGPQKFXCNXGQWVQHQTFGT
FQGUPQVNQCFCHVGTCFGNC[VKOG

4GOGF[
4GRNCEGXCNXG

+PNGVXCNXGUVWEMKPENQUGF
RQUKVKQP

*CXGXCNXGEJGEMGF

.GCMKPEQPVTQNCKTHNGZKDNGU

4GRNCEGNGCMKPIHNGZKDNG

/KPKOWORTGUUWTGXCNXGNGCMKPI *CXGXCNXGEJGEMGF

YJGPPGVKUFGRTGUUWTKUGF


%QPFKVKQP

(CWNV

4GOGF[

%QORTGUUQTFQGUPQVWPNQCF
UCHGV[XCNXGDNQYU

5QNGPQKFXCNXGQWVQHQTFGT

4GRNCEGXCNXG

+PNGVXCNXGFQGUPQVENQUG

*CXGXCNXGEJGEMGF



+PUVTWEVKQPOCPWCN



%QPFKVKQP

(CWNV

4GOGF[

%QPFGPUCVGKUPQVFKUEJCTIGF
HTQOEQPFGPUCVGUGRCTCVQT
FWTKPINQCFKPI

&KUEJCTIGHNGZKDNGENQIIGF

%JGEMCPFEQTTGEVCU
PGEGUUCT[

%QPFKVKQP

(CWNV

4GOGF[

%QORTGUUQTCKTQWVRWVQT
RTGUUWTGDGNQYPQTOCN

#KTEQPUWORVKQPGZEGGFUCKT
FGNKXGT[QHEQORTGUUQT

%JGEMGSWKROGPVEQPPGEVGF

%JQMGFCKTHKNVGTGNGOGPV

4GRNCEGHKNVGTGNGOGPV

5QNGPQKFXCNXGOCNHWPEVKQPKPI

4GRNCEGXCNXG

.GCMKPEQPVTQNCKTHNGZKDNGU

4GRNCEGNGCMKPIHNGZKDNGU

+PNGVXCNXGFQGUPQVHWNN[QRGP

*CXGXCNXGEJGEMGF

1KNUGRCTCVQTENQIIGF

*CXGGNGOGPVTGRNCEGF

#KTNGCMCIG

*CXGNGCMUTGRCKTGF

5CHGV[XCNXGNGCMKPI

*CXGXCNXGTGRNCEGF

%QORTGUUQTGNGOGPVQWVQH
QTFGT

%QPUWNV#VNCU%QREQ

%QPFKVKQP

(CWNV

4GOGF[

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XCNXG
CRRTQZ 
CKTEQQNGFWPKVU

















6GORGTCVWTGQHCKT u%
NGCXKPIQWVNGV
XCNXG
CRRTQZ 
YCVGTEQQNGFWPKVU

















6GORGTCVWTGQHCKT u(
NGCXKPIQWVNGV
XCNXG
CRRTQZ 
YCVGTEQQNGFWPKVU

















6GORGTCVWTGQHCKT u%
NGCXKPIQWVNGV
XCNXG
CRRTQZ 
(WNN(GCVWTGWPKVU
YKVJ+(&

















6GORGTCVWTGQHCKT u(
NGCXKPIQWVNGV
XCNXG
CRRTQZ 
(WNN(GCVWTGWPKVU
YKVJ+(&

















u%
2TGUUWTGFGY
RQKPV(WNN(GCVWTG
WPKVUYKVJ+(&





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DCT

DCT

DCT

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RUK RUK RUK RUK

2TGUUWTGFGY
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/QVQTUJCHVURGGF

TOKP

















0QOKPCNOQVQT
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0QOKPCNOQVQT
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2QYGT
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FT[GTCVHWNNNQCF 
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2QYGT
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FT[GTCVHWNNNQCF 
(WNN(GCVWTGWPKVU
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2QYGT
M9
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FT[GTCVPQNQCF 
(WNN(GCVWTGWPKVU
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JR
2QYGT
EQPUWORVKQP

FT[GTCVPQNQCF 
(WNN(GCVWTGWPKVU
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4GHTKIGTCPVV[RG
(WNN(GCVWTGWPKVU
YKVJ+(&

4C

4C

4C

4C

4C

4C

4C

4C

MI
6QVCNCOQWPV

TGHTKIGTCPV (WNN
(GCVWTGWPKVUYKVJ
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6QVCNCOQWPV
ND

TGHTKIGTCPV (WNN
(GCVWTGWPKVUYKVJ
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NOKP
%QQNKPIYCVGT
EQPUWORVKQP
CV
YCVGTKPNGV
VGORGTCVWTGDGNQY
u%CPF
VGORGTCVWTGTKUGQH
u% YCVGT
EQQNGFWPKVU

















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7PKVU

DCT

DCT

DCT

DCT

RUK RUK RUK RUK

EHO
%QQNKPIYCVGT
EQPUWORVKQP
CV
YCVGTKPNGV
VGORGTCVWTGDGNQY
u(CPF
VGORGTCVWTGTKUGQH
u( YCVGT
EQQNGFWPKVU

















NOKP
%QQNKPIYCVGT
EQPUWORVKQP
CV
YCVGTKPNGV
VGORGTCVWTG
DGVYGGPCPF
u%CPF
VGORGTCVWTGTKUGQH
u% YCVGT
EQQNGFWPKVU

















EHO
%QQNKPIYCVGT
EQPUWORVKQP
CV
YCVGTKPNGV
VGORGTCVWTG
DGVYGGPCPF
u(CPF
VGORGTCVWTGTKUGQH
u( YCVGT
EQQNGFWPKVU

















1KNECRCEKV[CKT
EQQNGFWPKVU

















1KNECRCEKV[CKT
EQQNGFWPKVU

75
ICN

















1KNECRCEKV[CKT
EQQNGFWPKVU

+OR
ICN

















1KNECRCEKV[CKT
EQQNGFWPKVU

EWHV

















1KNECRCEKV[
YCVGTEQQNGFWPKVU

















1KNECRCEKV[
YCVGTEQQNGFWPKVU

75
ICN

















1KNECRCEKV[
YCVGTEQQNGFWPKVU

+OR
ICN

















1KNECRCEKV[
YCVGTEQQNGFWPKVU

EWHV

















5QWPFRTGUUWTG
NGXGN9QTMRNCEG
CPF9QTMRNCEG
(WNN(GCVWTG

CEEQTFKPIVQ+51



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7PKVU

DCT DCT

DCT

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RUK


RUK


RUK


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(TGSWGPE[

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/CZKOWO

WPNQCFKPI RTGUUWTG

DCT
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/CZKOWO

WPNQCFKPI RTGUUWTG

RUKI















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DCT
G 

WPNQCFKPI RTGUUWTG
(WNN(GCVWTGWPKVU
YKVJ+(&















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RUKI

WPNQCFKPI RTGUUWTG
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YKVJ+(&



















0QOKPCNYQTMKPI
RTGUUWTG

DCT
G 













0QOKPCNYQTMKPI
RTGUUWTG

RUKI















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G 
0QOKPCNYQTMKPI
RTGUUWTG9QTMRNCEG
(WNN(GCVWTGWPKVU
YKVJ+(&













RUKI
0QOKPCNYQTMKPI
RTGUUWTG9QTMRNCEG
(WNN(GCVWTGWPKVU
YKVJ+(&



















2TGUUWTGFTQRQXGT
FT[GT(WNN(GCVWTG
WPKVUYKVJ+(&

DCT
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WPKVUYKVJ+(&

RUKI

















5GVRQKPV
VJGTOQUVCVKEXCNXG

u%

















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VJGTOQUVCVKEXCNXG

u(

















6GORGTCVWTGQHCKT
NGCXKPIQWVNGVXCNXG

CRRTQZ CKTEQQNGF
WPKVU

u%

















6GORGTCVWTGQHCKT
NGCXKPIQWVNGVXCNXG

CRRTQZ CKTEQQNGF
WPKVU

u(

















6GORGTCVWTGQHCKT
NGCXKPIQWVNGVXCNXG

CRRTQZ YCVGT
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u%

















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DCT DCT

DCT

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RUK


RUK


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6GORGTCVWTGQHCKT
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u(

















6GORGTCVWTGQHCKT
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CRRTQZ (WNN
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u%

















6GORGTCVWTGQHCKT
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CRRTQZ (WNN
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u(

















2TGUUWTGFGYRQKPV
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0QOKPCNOQVQTTCVKPI M9

















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5+'/'05
/QVQTUJCHVURGGF

TOKP

2QYGTEQPUWORVKQP

FT[GTCVHWNNNQCF 
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YKVJ+(&

M9

















2QYGTEQPUWORVKQP

FT[GTCVHWNNNQCF 
(WNN(GCVWTGWPKVU
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JR

















2QYGTEQPUWORVKQP

FT[GTCVPQNQCF 
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M9

















2QYGTEQPUWORVKQP

FT[GTCVPQNQCF 
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4C

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4C

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4C

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4GHTKIGTCPVV[RG
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6QVCNCOQWPV

TGHTKIGTCPV (WNN
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MI



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DCT DCT

DCT

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RUK


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ND

















NOKP
%QQNKPIYCVGT
EQPUWORVKQP
CV
YCVGTKPNGV
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u% YCVGTEQQNGF
WPKVU

















EHO
%QQNKPIYCVGT
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1KNECRCEKV[

















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TGHTKIGTCPV (WNN
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RUK


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7PKVU

DCT DCT

DCT

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RUK


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0QOKPCNYQTMKPI
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RUKI
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2TGUUWTGFTQRQXGT
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u%

















6GORGTCVWTGQHCKT
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CRRTQZ CKTEQQNGF
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u(

















6GORGTCVWTGQHCKT
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CRRTQZ YCVGT
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u%

















6GORGTCVWTGQHCKT
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u(

















6GORGTCVWTGQHCKT
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CRRTQZ (WNN
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u%

















6GORGTCVWTGQHCKT
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CRRTQZ (WNN
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u(



















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7PKVU

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RUK


RUK


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2TGUUWTGFGYRQKPV
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YKVJ+(&

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0QOKPCNOQVQTTCVKPI M9

















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2QYGTEQPUWORVKQP

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M9

















2QYGTEQPUWORVKQP

FT[GTCVHWNNNQCF 
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YKVJ+(&

JR

















2QYGTEQPUWORVKQP

FT[GTCVPQNQCF 
(WNN(GCVWTGWPKVU
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M9

















2QYGTEQPUWORVKQP

FT[GTCVPQNQCF 
(WNN(GCVWTGWPKVU
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JR

















4C

4C

4C

4C

4C

4C

4C

4C

&TKXGOQVQT
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4GHTKIGTCPVV[RG
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YKVJ+(&



6QVCNCOQWPV

TGHTKIGTCPV (WNN
(GCVWTGWPKVUYKVJ
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MI

















6QVCNCOQWPV

TGHTKIGTCPV (WNN
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ND

















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RUK


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1KNECRCEKV[

















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75
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6JKUXGUUGNECPEQPVCKPRTGUUWTKUGFCKTVJKUECPDGRQVGPVKCNN[FCPIGTQWUKHVJG
GSWKROGPVKUOKUWUGF

6JKUXGUUGNOWUVQPN[DGWUGFCUCEQORTGUUGFCKTQKNUGRCTCVQTCPFOWUVDGQRGTCVGF
YKVJKPVJGNKOKVUURGEKHKGFQPVJGFCVCRNCVG

0QCNVGTCVKQPUOWUVDGOCFGVQVJKUXGUUGND[YGNFKPIFTKNNKPIQTQVJGTOGEJCPKECN
OGVJQFUYKVJQWVVJGYTKVVGPRGTOKUUKQPQHVJGOCPWHCEVWTGT

6JGRTGUUWTGCPFVGORGTCVWTGQHVJKUXGUUGNOWUVDGENGCTN[KPFKECVGF

6JGUCHGV[XCNXGOWUVEQTTGURQPFYKVJRTGUUWTGUWTIGUQHVKOGUVJGOCZKOWO
CNNQYCDNGQRGTCVKPIRTGUUWTG+VUJQWNFIWCTCPVGGVJCVVJGRTGUUWTGYKNNPQV
RGTOCPGPVN[GZEGGFVJGOCZKOWOCNNQYCDNGQRGTCVKPIRTGUUWTGQHVJGXGUUGN

7UGQPN[QKNCUURGEKHKGFD[VJGOCPWHCEVWTGT

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DGVCMGPKPVQEQPUKFGTCVKQPHQT/DQNVU0O
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UVCPFCTFUVJCVJCXGDGGPWUGFHQTVJGFGUKIPCTGUJQYPCPFQTTGHGTTGFVQ
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UWRRNKGFYKVJVJKUEQORTGUUQT
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TGSWKTGQVJGTKPURGEVKQPRGTKQFUCUOGPVKQPGFDGNQY



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2TGUUWTGGSWKROGPVFKTGEVKXGU

%QORQPGPVUUWDLGEVVQ'%2TGUUWTG'SWKROGPV&KTGEVKXG
6JGHQNNQYKPIVCDNGEQPVCKPUVJGPGEGUUCT[KPHQTOCVKQPHQTVJGKPURGEVKQPQHCNNRTGUUWTGGSWKROGPVQH
ECVGIQT[++CPFJKIJGTCEEQTFKPIVQVJG2TGUUWTG'SWKROGPV&KTGEVKXG'%CPFCNNRTGUUWTG
GSWKROGPVCEEQTFKPIVQVJG5KORNG2TGUUWTG8GUUGN&KTGEVKXG''%
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%QORQPGPV

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&GUETKRVKQP 0WODGT /KPKOWO 8KUWCN


QH
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KPURGEVKQP
E[ENGU VJKEMPGUU TGSWKTGOGPVU

 

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KPURGEVKQP
TGSWKTGOGPVU

 

8GUUGN

Z

OO

[GCTU

[GCTU



5CHGV[
XCNXG



5CHGV[
XCNXG



5CHGV[
XCNXG



5CHGV[
XCNXG

 6JGPWODGTQHE[ENGUTGHGTUVQVJGPWODGTQHE[ENGUHTQODCT
G VQOCZKOWORTGUUWTG

 1VJGTKPURGEVKQPVGEJPKSWGUUWEJCUWNVTCUQPKEQT:TC[CTGGSWKXCNGPVVQJ[FTQUVCVKEVGUVKPIHQTVJKU
GSWKROGPV

6JGEQORTGUUQTUEQPHQTOVQ2'&UOCNNGTVJCPECVGIQT[++



GA 37+, GA 45+, GA 55, GA 75

Instruction Book

What sets Atlas Copco apart as a company is our


conviction that we can only excel in what we do if we
provide the best possible know-how and technology to
really help our customers produce, grow and succeed.
There is a unique way of achieving that - we simply call it
the Atlas Copco way. It builds on interaction, on
long-term relationships and involvement in the customers
process, needs and objectives. It means having the
flexibility to adapt to the diverse demands of the people
we cater for.
Its the commitment to our customers business that
drives our effort towards increasing their productivity
through better solutions. It starts with fully supporting
existing products and continuously doing things better, but
it goes much further, creating advances in technology
through innovation. Not for the sake of technology, but
for the sake of our customers bottom line and
peace-of-mind.
That is how Atlas Copco will strive to remain the first
choice, to succeed in attracting new business and to
maintain our position as the industry leader.

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