Professional Documents
Culture Documents
"
&+*,N0*&.""
1$"&.,(-2O
>&4"54*+248"8'6;+'7"3;+8974"')+7<4")42D3"*+"
7+);7848"3'9;7'1+8"="6;/9'71+"'"1'8"-+3+7')/43+8",;9;7'8"
1'8"45479;3/*'*+8"6;+"34849748"*/8,7;9'248".4="+3"
*C'$"&4"54*+248"-'89'7"=")439'2/3'7"3;+8974"2+*/4"
'2(/+39+")424"348"*B"1'"-'3'#"</41'3*4"148"*+7+).48"
+"/39+7+8+8"*+"1'8"-+3+7')/43+8",;9;7'8$"%'"*+2'3*'"*+"
>8489+3/(/1/*'*?"+8#"*+".+).4#";3"7+!+04"5'79/);1'7"*+"1'"
;3/<+78'1/*'*"*+"1'8"7+/</3*/)')/43+8#"'51/)'*'8#"+3"+89+"
)'84#"'"1'8"-+3+7')/43+8",;9;7'8?$
BYJMNV"0RGRJ"["0QGVX[G"9$"BKR$
%-5)442//2!&70)12!(256-1.*/-#
$21+-3625!8!'4.24.,),-5""&..)
!"#$%&"&
B8=>?B8B" "4;"20<18>"2;8<aC82>"E0"2><4=Fb"
8 '(
#> )(>'&;98@->?<>²4/42<=8&->ª.3<+> >*.4> /43/4> §>;84-52<3> .4>4->?<>/ =</<>/4> >
4?>542=42><•7>;63>=<?84-54>4->4?>24#83527> <> >-.-=<><?=<-0&>?73> >$72><7+>4->?73><73>
,835&28=7>384-/7>4?>;63>=<?84-54>4-> 89428<(> +> >%> >,.97>;63>/4>£ >/43<35243>
@->@.27$<>=4-52<?>%>;428/87-<?>,.97>?<3> =?8;<57?=73><-.<?43>¬@ ¨'> (
7?<3>/4>=<?72>;63>4 524;<3>/43/4> (> @?>=24=8;84-57>/4>?<>8-54-38/</>%>*24=.4-=8<>
¨38;83;7+>?<>54;$42<5.2<>4->¨?4;<-8<+> /4>?73>4 4-573>4 524;73>43>.-<>54-/4-=8<>
¯72.4#<+>²8-?<-/8<+>· ?#8=<+> .80<+>²2<-=8<> #?79<?+>$427>3.>8;$<=57>43>;.%>/438#.<?(>¯7>
%>@3$<<><?=<-0&>3.>;<%72>-8 4?>,835&28=7> 57/73>?73>$<1343+>-8>?73>#2.$73>37=8<?43>/4-527>
/.2<-54>?<>54;$72</<>/4> 42<-7(>@-> 2<-> /4>=</<>$<13+>4356->8#.<?;4-54>4 $.43573(>@-524>
·245<<+>?<3>54;$42<5.2<3>34>4?4 <27-><?> >%> ¢+> £ >;8??7-43>/4>$4237-<3>*.427->
;<%72>24#83527>,835&28=7>/43/4> (> <*4=5</<3>$72>/43<35243>=?8;658=73>4->57/7>4?>
;.-/7+>$427>;63>/4?> «>/4> 35<3> 8 1<>4->
#> %'>30;65>=<;9>'73>@35</73>°-8/73>/4> $<1343>4->/43<227??7(>'<3>$4237-<3> .4>,<985<->
¨; 28=<>3.*28427->4-> >.-<>/4>?<3> 4->$<1343>4->/43<227??7>=7224->.->2843#7>••>
54;$72</<3>/4>572-</73>;63>/4352.=58 <3> 4=43>;<%72>/4>342><*4=5</<3>$72>?73>/43<35243>
.4>34>,<%<->24#8352</7><??1(>@->7=5.924>/4> .4>< . ??<3> .4> 8 4->4->$<1343>/43<227??</73>
+>4?>,.2<=6->@?>=<><37?&>?<>=735<>4354> ¯° > ¤ (
/4>?73>@35</73>°-8/73+>=<.3<-/7>-8 4?43>/4>
/<73>-7>24$725</73>$24 8<;4-54>4->43<> "" &A@E7@EA"5<7@FR!5A"J"
24#8&-(>@-> >,.97>.-<>4 $<-38&->38-> B7D57B5<A@7E"53?4<3@F7E
$24=4/4-543>/4>?<>34 .1<>8-8=8</<>4-> +> @?> 2.$7>-542#.942-<;4-5<?>/4>@ $42573>37924>
.4>8-=?.%&>?<>;<%72>$<254>/4>?73>@35</73> ¬<;987>¬?8;658=7>/4>?<3>¯<=87-43>°-8/<3>,<>
°-8/73+>4?>-7254>/4>¥ 8=7>%>4?>=4-527>%>4?> =7-=?.8/7> .4>4?>=<;987>=?8;658=7>43>8-4 .1 7=7+>
4354>/4>¬<-</6(>@35<>34 .1<>4->?73>435</73> %> .4>43>;.%><?5<>?<>$279<98?8/</> «>/4> .4>?<>
=4-52<?43>%>¨?<3º<>$27 7=&>?73>;<%7243> 8-¼.4-=8<>,.;<-<>,<%<>38/7>?<>=<.3<>/7;8-<-54>
-8 4?43>/4>54;$42<5.2<>24#8352</73>4->?<> /4?>=<?4-5<;84-57>79342 </7>/43/4>;4/8</73>
,835728<>/4>@°¨>%>52<)7>3428<3>=7-34=.4-=8<3> /4?>38#?7>""> ¬¬> !(>@3>.->$27=437>4->#2<->
4=7-&;8=<3>$<2<>?73>435</73><*4=5</73>%> ;4/8/<>8224 42389?4> .4>34#.826><*4=56-/7-73>4->
$<2<>?<>34#.28/</><?8;4-5<28<><>43=<?<>#?79<?(> ?7> .4> .4/<>/4?>38#?7>""(> <%+></4;63+>=7-34-37>
=84-51¹=7><=42=<>/4?>=<?4-5<;84-57>#?79<?>%>
#> $'/'8%'>30818$'/'8#(>"9>'<>4 54-38&->/4?> /4>3.3>=<.3<3§>/43/4>••••+>••«>/4>?73>52<9<)73>
,84?7>;<28-7>6258=7>38#.8&>/83;8-.%4-/7>4-> <=</ ;8=73>24=7-7=8/73>%> .4>*.427->$.9?8=</73>
?<> $7=<>/4>/43,84?7>%><?=<-0&>4?>34#.-/7> =7->.-<>$738=8&-><=42=<>/4>?73>721#4-43>/4?>=<;987>
$472>-8 4?>/43/4> .4>34>4;$40<27->?73> =?8;658=7><¹2;<-> .4> 354>43>$27 7=</7>$72>
24#835273>4->>4?>$472>-8 4?>7=.228&>4-> ?<><=58 8/</>,.;<-<>¬77º>45><?(> (>-=?.37>
£(>@->4?>=<37>/4>?<>¨-56258/<+>?<>=<$<>/4> <?#.-73>/452<=57243>52</8=87-<?43>/4>?<3>54721<3>
,84?7>??4#&><>3.>542=42<>4 $<-38&->;1-8;<> %>$2.49<3>=84-51¹=<3>/4?>=<;987>=?8;658=7>,<->
/.2<-54>?<> $7=<>/4>/43,84?7( =7224#8/7>3.3>$735.2<3>4-><•73>24=84-543+>%>-7>37?7>
,<->24=7-7=8/7>?<>4 8354-=8<>/4?>=<;987>=?8;658=7>
@3>/8*1=8?><34#.2<2> .4>.->4 4-57>4 524;7> 38-7> .4>?7>,<-><5289.8/7><>$27=4373>,.;<-73(
43$4=1¹=7>»34<>.-<>#2<->34 .1<>7>/1<3> 8>984->-7>,<%><!->.->=7-34-37>38;8?<2>
4 524;</<;4-54>??. 87373»>,<%<>7=.228/7> 4-524>?73>57;</7243>/4>/4=8387-43>-8>4-524>
!-8=<;4-54>/498/7><?>=<;987>=?8;658=7(> 427>-7> ?<>=8./</<-1<>4->#4-42<?+>?<>;<#-85./>%>?<>
=<94>/./<>/4> .4>=7->4?>$27=437>,<-><.;4-5</7> *24=.4-=8<>/4>?73>4 4-573>4 524;73>4356->
38#-8¹=<58 <;4-54>?<3>$279<98?8/</43>/4> <.;4-5<-/7>?<>=7-=84-=8<>=7?4=58 <>37924>4?>
7=.224-=8<>/4>?73>4 4-573>4 524;73+> .4>;.=,<3> 54;<> ,4> .<2/8<-> (>@354>=<;987>#2</.<?>
4=43>/428 <->4->/43<35243>,.;<-73(>@->¨; 28=<> 34>4356>/<-/7>8-=?.37>4->?73>$<1343>=.%73>
'<58-<>%>4?>¬<2894+>?73>4 4-573>=?8;658=73> #79842-73>34>,<->;7352</7>;4-73>/83$.43573><>
24?<=87-</73>=7->/43<35243>34>,<->8-=24;4-5</7> 24=7-7=42>?<>8;$725<-=8<>/4?>$27=437>%><$7%<2>
/4>;<-42<>;63><=4?42</<> .4>?73>-7>=?8;658=73> ;<2=73>/4><==8&->#?79<?43(> 4#!->?<>4-=.435<>
;.-/8<?>/4> 4µ>ª434<2=,> 4µ>ª434<2=,>¬4-542>
+>¨; 28=<>'<58-<>%>4?>¬<2894>43>?<>24#8&->
/7-/4>.->;<%72>$72=4-5<)4>/4>?<>$79?<=8&->
> ¥63>24=84-54;4-54+>4->34$584;924>/4?> +>4?>,84?7>;<28-7> .4>=.924>4?>7= <-7>®258=7>??4#&><?>;1-8;7>4-> £ «>%<>=7-38/42<><?>=<;987>=?8;658=7>=7;7>
?73>24#835273>$72>3<5 ?854>8-8=8</73>4->(>'73>/<573>/4>3<5 ?854><-<?80</73>$72>?73>=84-51¹=73>/4?>¬4-527>
¯<=87-<?>/4> <573>/4>¯84 4>%> 84?7>/4>?73>@35</73>°-8/73>;7352<27-> .4>?<>=<$<>/4>,84?7>/4?>;<2><?=<-0&>
.-<><;4-<0<>8;$725<-54>$<2<>3.>$<13(>¨?>7527>
3.>$.-57>;63>9<)7>4?>£>/4>34$584;924+>=.<-/7>??4#&><>5<->3&?7> +£>;8??7-43>/4>º; >¥¥> ( 4 524;7+>?<3>$79?<=87-43>/4>?73>/73>$<1343> .4>
> @?>-*72;4><-542872> ¬¬> >435<9?4=1<>435<>$279<98?8/</>4-> «( 4;854->;63> @+>@35</73>°-8/73>%>¬,8-<+>4356->
"@ "/@*;°"+$>/@&>9@8766@5/>@ -;@#. 9*)-&"@ @>;@4 @- "/1@ -;@"+*=*;-&"@-$#9*"/@&> -'>/@/" +>@/*@>/@#"/* 9>@+>/#";/- *9* -+@-@9"/@
.$-;"/@&>9@)-$ *"@)9*$ '*)"@£@/*@+>-9$>;'>@9-@'>$#>+-'.+-@-.$>;'-+ @>;@9"/@;*,>9>/@!.>@#9-;'>-;@9"/@)*>;'% )"/0@9"@!.>@&>/-'-
+%-@&>/-/'+>/@;-'.+-9>/@*;)";'+"9- 9>/0@£@)-$ *"/@>;@9"/@>)"/*/'>$-/@!.>@-°>)'-+%-;@'"&-/@9-/@°"+$-/@&>@,*&-@>;@9-@*>++-
9@!.*;'"@8;°"+$>@&>9@8766@"'"+=-@9-@#+" - *9*&-&@$ /@-9'-@-9@"+*=>;@-;'+(#*)"@&>9@)-$ *"@)9*$ '*)"@ >/#.
/@&>@@- "/@&>@
-,-;)>/@)*>;'% )"/@£@!@&>@'+- -"@#-+-@9-@>9- "+-)*(;@&>@>/'>@&").$>;'"0@/>@)"; +$-@9"@>/'- 9>)*&"@#"+@>9@8;°"+$>@&>9@43320@#>+"@
)";@&-'"/@;.>,"/@!.>@/*=;* )-;@)";")*$*>;'"/@£@=+-&"/@&>@)"; -; -@$-£"+>/@!.>@9"/@&>@>;'";)>/@ "/@$"&>9"/@.'*9* -&"/@#-+-@
-)>+@9-/@#+"£>))*";>/@&>@>/)>;-+*"/@°.'.+"/@/";@$ /@+>-9*/'-/@£@)";'>$#9-;@$.) -/@$ /@,-+*- 9>/
8UOLTEK_N#FG#LOR#KNFKECFOQGR
¬42540<>/4> .4>4?>=<;987>=?8;658=7
43>/4>728#4->,.;<-7 « «
B8=>?B8B" "4;"20<18>"2;8<aC82>"E0"2><4=Fb"
8 '*
4P"KLKIXS"NRZKVRGJKVS"["PSW"648 QGETCFQO
RKNOPRKR#.
"@ "/@ )-$ *"/@ >;@ >9@ )9*$-@ -@ 9"@ 9-+="@ &>@ &>)>;*"/@ £@ /*=9"/@ />@ ,>;@ +>°9>-&"/@ >;@ 9"/@ >/'-&"/@ #+"$>&*"@ &>@ 9-/@ ,-+*- 9>/@
$>'>"+"9(=*)-/0@*;)9.£>;&"@9-@'>$#>+-'.+-0@9-/@#+>)*#*'-)*";>/@£@9"/@,*>;'"/@¨"+$-9$>;'>@9"/@)-$ *"/@/>@&> >;@-@9-@,-
+*- *9*&-&@;-'.+-9©@/*;@>$ -+="0@'-$ *
;@#.>&>;@/>+@>9@+>/.9'-&"@&>@.;@-.$>;'"@&>@9"/@=-/>/@&>@>°>)'"@*;,>+;-&>+"@5 81@
>;@9-@-'$(/°>+-@#+",")-&"@#"+@9-@-)'*,*&-&@ .$-;-
9@)-$ *"@)9*$ '*)"@>;@#+")>/"@>/@#+*;)*#-9$>;'>@#+"&.)*&"@#"+@9-@>$*/*(;@&>@9"/@ 8©@&>@>99"/0@>9@&*( *&"@&>@)-+ ";"@
56 41@)";'+* .£>@>;@$-£"+@$>&*&-@/'>@>°>)'"@)";/*/'>@>;@9-@-).$.9-)*(;@&>@=-/>/@!.>@°"+$-;@.;-@)-#-@/" +>@>9@#9-;>'-0@&>@
$-;>+-@/*$*9-+@-9@'>) "@&>@.;@*;,>+;-&>+"0@£@>,*'-;@!.>@>9@)-9"+@/>@&*/*#>@)"$#9>'-$>;'>@/'"/@=-/>/0@!.>@*;)9.£>;@'-$ *
;@
-9@$>'-;"@£@( *&"/@&>@;*'+(=>;"0@>;'+>@"'+"/0@- /"+ >;@.;-@#+"#"+)*(;@/*=;* )-'*,-@&>@+-&*-)*(;@*;°+-++"-@#+",>;*>;'>@&>@9-@
*>++-0@&>@$"&"@!.>@#>+$*'>;@!.>@9-@>;>+=%-@/"9-+@+>)* *&-@#"+@>9@#9-;>'-@&.+-;'>@>9@&%-@;"@/>@#*>+&-@'"'-9$>;'>@>;@>9@>/#-)*"@
> '>+*"+@6.$#9>;@.;-@*$#"+'-;'>@°.;)*(;@-9@$-;'>;>+@9-@/.#>+ )*>@&>9@#9-;>'-@+>9-'*,-$>;'>@) 9*&-@*;)9./"@).-;&"@;"@>/' @
> #.>/'-@-9@?"9@¨"@" /'-;'>0@/.@-).$.9-)*(;@> )>/*,-@>/' @99>,-;&"@-@)-$ *"/@>;@9"/@#-'+";>/@&>9@)9*$-@!.>@'>;&+ ;@)";/>
).>;)*-/@>;@9-/@)";&*)*";>/@&>@,*&-@>;@>9@#9-;>'-
"/@ 8@-9)-; -+";@+>)*>;'>$>;'>@9"/@;*,>9>/@$ /@-9'"/@-$ /@+>=*/'+-&"/@7.>/'"@!.>@&>$"+-;@&
)-&-/@>;@&>/-#-+>)>+@&>@
9-@-'$(/°>+-@5 33@- "/@>;@>9@)-/"@&>9@6 410@*;>,*'- 9>$>;'>@/>=.*+>$"/@>;°+>;'-;&"@9"/@>°>)'"/@&>9@)-9>;'-$*>;'"@=9" -9@>;@
>9@9-+="@#9- "@9@4@&>@$-£"@&>9@43 @>9@;*,>9@&>@&*( *&"@&>@)-+ ";"0@>9@=-/@!.>@$ /@)";'+* .£>@-9@)-9>;'-$*>;'"@=9" -90@-9)-; (@
;*,>9>/@!.>@;"@/>@ - %-;@+>=*/'+-&"@>;@$*99";>/@&>@- "/0@#.>/@/.#>+-+";@9-/@ 33@#-+'>/@#"+@$*99(;@5##$1@;@)"$#-+-)*(;0@>/'>@
;*,>9@/"9"@99>=- -@-@4 @##$@>;@ 30@).-;&"@/>@*;*)*-+";@9-/@$>&*)*";>/
'+" 8
8=5>A<4"B>1A4"34B0AA>;;>"7D<0=>" "?4Ac"'%&(
8L#ECMDKO#ELKM]SKEO IQ]"#EO
RKNOPRKR#,
*7!0.8/6;!0768F@60;!2?!0.A?.1;!<;>!A9.!>2@2906G9
12!0.7;>!?;7.>!8.C;>!=A2!7.!5./6@A.7$!.320@.91;
*7!*320@;
27!82@./;76?8;!12!7.?!2?<2062?!/6;7G460.? ,9B2>9.12>; *7!).729@.8629@;
".968.72?$!<7.9@.?$!8;0>;;>4.96?8;?#% #6>4?>=13179;87>17>4?>?3086/1=? +7;/.7
<1>-7?>,?=31><14>9?45=>654?= #6>14>?-01735><1>4?>310,1=?3-=?
|-1>441'?>?>4?>*;1==?>17>/5=0? <1>4?>?3086/1=?>?>9?-6?><14
' )3=?>,?=31><1>4?>=?<;?9;87> <1>=?<;?9;87
>45>|-1>,1=0;31 ;79=101735>1&916;25><1>'?616
654?=>=1/41(?<?>,5=>4?>*;1==?> 4?>2;<?>3?4>9505>4?>957591056w> <1>1/1935>;721=7?<1=5>17>144?w>
45'=?>169?,?=><1>6->?3086/1=?>
.>2?>?4>16,?9;5>1&31=;5=
( %1=5><1+;<5>?>4?>9579173=?9;87
<1>$#">!t)v>.>53=56>'?616
4?>?3086/1=?>=13;171>0 6>9?45=
<14>71916?=;5
>9?4173?7<5>14
,4?713?>.>?/193?7<5
456>5='?7;6056
+;548';956
& @?>=?<;?9;87
654?=>?3=?2;16?
4?>?3086/1=?
.>-7?>,?=31
16>?+65=+;<?
,5=>4?>*;1==?
B8=>?B8B" "4;"20<18>"2;8<aC82>"E0"2><4=Fb"
8 ',
AKWTSRWGHNPNJGJKW"K"NQTGIXSW"JKP"IGQHNS" QGETCFQO
IPNQdXNIS$";GW"2SRLKVKRINGW"JK"PGW"?GVXKW RKNOPRKR#/
+AE"67E38RAE"67>" '<>54;$42<5.2<>4->?73>¨-/43><.;4-5&>
<?24/4/72>/4> +>©¬>4-524> >%> £>¦.8??4> (>
53?4<A"5><?PF<5A"B3D3" @->.->43=4-<287>/4>4;8387-43>/4> @><?5<3+>,<35<>
7>"67E3DDA>>A";G?3@A ¹-43>/4?>38#?7>"">34>$27/.=821<>.->=<?4-5<;84-57>
=7-38/42<9?4>/4> >©¬><>£>©¬>4->;.=,<3>$<2543>/4>?73>
¨-/43+>=7->;<%7243><.;4-573>/4?>=<?4-5<;84-57>
"" +3"HG>@7D34<><636"67>"/7DT 4->?73>$.-573>;63>4?4 </73>/4>?<>¬72/8??42<>·?<-=<(
@?> 42!>%<>34>4-=.4-52<>34 42<;4-54> @?>$<13>43><?5<;4-54> .?-42<9?4><>?73>
<*4=5</7>$72>4?>=<;987>=?8;658=7+>5<-57>$72> 8;$<=573>/4?>=<;987>=?8;658=7><?>$2434-5<2>
?<>4 $738=8&->/4>3.>$79?<=8&->%>5422857287><> ¢>/4>?<3> >=<2<=5421358=<3>/4> .?-42<98?8/</>
4 4-573>4 524;73>=7;7>$72>?<3>54-/4-=8<3> 24=7-7=8/<3>$72>?<>¬¥¯°¬¬§>8>$<1343>=7->07-<3>
/4>?<2#7>$?<07> .4>4;$840<-><><=4?42<234h(> =73542<3>9<)<3¡>88>=7->07-<3>628/<3>%>34;8628/<3¡>
¬7;7>7=.224><>-8 4?>#?79<?+>4?> 42!>43>5<;98 -> 888>=7->07-<3>4 $.435<3><>8-.-/<=87-43+>34 .1<3>
54358#7>/4>=<;9873><=.;.?<58 73+>/4>=<26=542> %>/434258¹=<=8&-¡>%+>8 >$<1343>4->/43<227??7>
#2</.<?>$427>/4>#2<-/43>$27$72=87-43+> .4>%<> =7->4=738354;<3>;7-5<•7373>*26#8?43(>
37->4 8/4-543>%> .4>=7-58-.<26-><>?7>?<2#7>/4?> ¨/8=87-<?;4-54+>4?> 42!>$7344>.-<><?5<> <284/</>
38#?7>""+>=7->8;$725<-543>=7-34=.4-=8<3>$<2<> /4>=?8;<3>#26¹=7> >%>43>.-7>/4>?73> >$<1343>
?73>4=738354;<3>%><=58 8/</43>,.;<-<3( /4>;4#</8 4238/</>/4?>;.-/7>4->.->=7-54 57>
/4>=24=84-543>/43<*173>$<2<>?73>4=738354;<3>%>?<>
¢> @35<>385.<=8&->,<>38/7>24=7-7=8/<>/4-527>%>*.42<>/4?>$<13(>-=?.37>4?> 42!>,<>38/7>=7-38/42</7>$72>4?>¬4-527> %-¤
987/8 4238/</(
/<??>/4?>ª48-7>°-8/7>4-524>?73>5243>$<1343>/4?>;.-/7>;63> .?-42<9?43><?>=<;987>=?8;658=7>@?>¬7;42=87> (
->!08DR!BAE88!+!78!>AE!$$!6>=?4E!8=EF8@F8E
E8;R@!>4!6>4E=9=646=P@!78!/QBB8@"
>A!CG8!<468!CG8!@G8EFDA!B4OE!F8@;4
G@4!5=A7=H8DE=747!?GI!4>F4!I"
4!>4!H8J"!?GI!HG>@8D45>8#
,>=?4
9DO;=7A ,>=?4
#3*4<0
,>=?4!9DOA 78!@=8H8
A!5AD84> "=/947
(0//?>
,>=?4 &?>70*49*7>
F8?B>47A ) ,>=?4
EG5<R?87A E8?=6N>=7A
,>=?4 .>;?10-,-+0//?> ( ?GI!<R?87A
E8?=6N>=7A 9*;?<0*49*7> (?<;9?*;?
?GI!E86A 20)7> 7<9?*;0/-0*49*0
@?>=<;9876 ' ,>=?4
5<9476 6N>=7A
,>=?4!6N>=7A >32;<71980/ & <R?87A
?GI!E86A '/0*3<0
@?>=<;987-7 0&0%$*980
5<947-;<71980/ $
% *
$ % & '
28?=6N>=7A!?GI!E86A ,N>=7A!?GI!E86A 38?B>47A!EG5<R?87A ,>=?4!9DOA!A!5AD84>
( ) * +
,>=?4!.DO;=7A ,>=?4!78!@=8H8 28?=6N>=7A!?GI!<R?87A q5/947-•u&?47
B8=>?B8B" "4;"20<18>"2;8<aC82>"E0"2><4=Fb"
8 '.
2SRXVSPGJSVKW"JKP"IPNQG"KR"KP"?KVh QGETCFQO
RKNOPRKR#0
"@¤ */'>;@ &*,>+/"/@°-)'"+>/@ !.>@)";'+"9-;@ >9@ )9*$-@&>9@ 7>+<@ ª;"@ &>@9"/@$ /@*$#"+'-;'>/@>/@ 9-@ 6"+&*99>+-@ &>@ 9"/@ ;&>/0@ !.>@
)"; =.+-@9-@"+"=+-°%-@-9'-$>;'>@&*,>+/-@&>9@'>++*'"+*"@#>+.-;"@ >@*=.-9@*$#"+'-;)*-@>/@9-@6"++*>;'>@«+%-@7>+.-;-@>;@>9@ )
-;"@
7-)* )"@5¤6"++*>;'>@&>@±.$ "9&'¦10@!.>@&-@>/'- *9*&-&@>;@9-@-'$(/°>+-@£@-'>$#>+-@>9@)9*$-@ @>99"/@/>@/.$-;@>9@ ;'*)*)9(;@&>9@
7-)* )"@ ?.+0@ !.>@ #+"&.)>@ >/'- *9*&-&@ -'$"/°
+*)-@ #"+@ 9-@ #+>/>;)*-@ &>@ $",*$*>;'"/@ ,>+'*)-9>/@ &>/)>;&>;'>/@ >;@ 9-@ '+"#"/°>+-@
$>&*-©@>9@ ;'*)*)9(;@&>9@ '9 ;'*)"@?.+0@!.>@#+",>>@&>@ .$>&-&@£@-9*$>;'-@-@9"/@,*>;'"/@-9*/*"/@&>9@/.+>/'>@!.>@/>@-/")*-;@-@9-@-9'-@
#9.,*"/*&-&@&>@9-@ $- ";%-©@9-@6"++*>;'>@6 9*&-@).-'"+*-9@5¤6"++*>;'>@&>9@¨* "¦10@!.>@*;>/'- *9* -@9-@-'$(/°>+-@>;@9-@)"/'-@;"+'>@
>;@9"/@$>/>/@&>@,>+-;"©@9-@²";-@&>@6";,>+=>;)*-@8;'>+'+"#*)-9@5²6810@!.>@=>;>+-@$.£@-)'*,"/@/*/'>$-/@;. "/"/@ -)*-@>9@;"+'>©@£@
9-@ 9'-@&>@"9*,*- 0@!.>@/>@-/")*-@-@/*/'>$-/@)";,>)'*,"/@!.>@/.>9>;@-°>)'-+@$-£"+$>;'>@9-@/*>++-@£@/>9,-@;"+'>@£@)>;'+-9@&>9@7>+<
> *&"@-@>/'"/@³)";'+"9-&"+>/@&>9@)9*$-´0@>9@7>+<@/>@. *)-@>;@9-@ ";-@'+"#*)-9@5>).-'"+*-91@&>@ $
+*)-@&>9@?.+0@#>+"@/.@
)9*$-@;"@)"++>/#";&>@-@/.@. *)-)*(;@=>"=+ °*)-¦
±².4-54§>¬<? 7> (³
j===o8'<>37354-898?8/</>/4?>=24=8;84-57>%>?<3>
=<$<=8/</43>/4>?<3>#4-42<=87-43>*.5.2<3>37-> > @?>-*72;4>;.-/8<?>37924>/43<227??7>,.;<-7> >/435<=&+>$72>3.>$<254+>4?>?.#<2>=4-52<?> .4>7=.$<->?<>
;987=?=>%>?<>6564;>73727=?=+>=7;7>/8;4-387-43>434-=8<?43>/4?>/43<227??7>,.;<-7(> 735. 7> .4>4-><?#.-73>
$.435<3>4->2843#7>5<;98 ->$72>4?>$27=437> =<373>34>4 8/4-=8<->38-42#8<3>4-524>37354-898?8/</>%>4 .8/</> .4>=7-37?8/<->?<3>;4)72<3>4->4?>984-435<2>%>
$244 8354-54>/4>$ 2/8/<>/4>987/8 4238/</> =<$<=8/</43>/4>?<3>$4237-<3(>@->75273>=<373+>38->4;9<2#7+>43>$7389?4> .4><$<240=<->8-=7;$<5898?8/</43+>
/4>;7/7> .4>?<3>37=84/</43>34> 4<->79?8#</<3><>=4/42>4->4 .8/</>$<2<>< <-0<2>4->37354-898?8/</+>7><>?<>
%>/45428727>/4>?73>4=738354;<3+> .4>?.4#7> 8- 423<(> @->5<?>385.<=8&-+>?<3>$7?158=<3>%>$27#2<;<3>-<=87-<?43>/49426-><=7;$<<234>/4>.-<>=.8/</73<>
43>4 <=429</7>$72>4?>=<;987>=?8;658=7(> 8> 4 <?.<=8&->/4>?<3>/43 4-5<)<3>%>94-4¹=873>/4>?<3>7$=87-43>4?4#8/<3(
B8=>?B8B" "4;"20<18>"2;8<aC82>"E0"2><4=Fb"
8 (&
<CR#PQOUKNEKCR#FG#MCVOQ IQ]"EO
V#MGNOQ#;79(#-+,- RKNOPRKR#.
u8. "&()!
r32'~738){'+1. ($#''!
p'03 "&()!
;.2s+)o3~3%2+ "&()!
(9~7. ($#''!
v3,93035z (#%*!
#2+$9'x3 ($#''!
y398' ($#''!
(3883. "&()!
v30/.x313 (#%*!
v29w'88. "&()!
v3753 "&()!
u73 "&()!
-3513 "&()!
u~83" "&()!
(30356 "&()!
!93923 "&()!
o3223573 "&()!
-35)r321q5 (#%*!
!93238 "&()!
#513/30/3 ($#''!
t239 ($#''!
(353~ ($#''!
(35s388. ($#''!
p3)r32 ($#''!
(328.~)•+20q5)•'1*732238% ($#''!
#51.5'.) 3"0.5%' ($#''!
•'873~)!93065 ($#''!
(,90/'|'873~ ($#''!
(.13/30/3~ ($#''!
}19*7. ($#''!
o.8q|32 ($#''!
43292. ($#''!
437,'1+3 (#%*!
!93573/30/3 ($#''!
#"3/373 ($#''!
(.5%.2735$9' (#%*!
-657,+*)(322'&5 ($#''! !')*# "%$((# "$&+#
439732130/. ($#''!
;98765 ($#''!
@ ?> ?= ?<
|72v
,)2,4/
0,.6-/1247
(7 ,7%72v
~721|76-p2
{6,$7%$7
,7 -76)
•%$/
,7%7+p.t
075-7
,7247r.+547
*7•2
'7&7%7647
z./245/1067
/
(/474 .
',t4/
(7%$/}7-7
|765t47+1')4.6.t
074 5-.7
,747 $7%$7
•2-7$7%$7
076,6/
,76/4 56p
07-7"
z71{2532
w.66.x7y.
•5&7
07,476-7%$/
u6721' 5%v
s7, /t
2-/25/1q7 %/2
5
'72
767r.
,7247$7%$7
7$747
~)24 ."1'766532
!/+pr76
#-,"4/
'7&7-7%$/
(767-7
*,+4)2 87657453210/64.2-,7+
B8=>?B8B" "4;"20<18>"2;8<aC82>"E0"2><4=Fb"
8 ((
SCDLC
837"QdW"GPXS"["QdW"HGOS"KR"PSW"JNWXVNXSW"JKP"?KVh RKNOPRKR#,
=KQC!OQGR#
+(242, ,034 4+ ,/(- 24(/
%<KMC&
6JTICV#%<C#
+(+4.- ,+. 2 - 22(/
<KDGQSCF&
>¯.4 73>37?43>;4-3.<?43>/4?> (
> 72=4-5<)4>/4>$4237-<3>=7-> ><73> .4>=.?;8-<27->?<>4/.=<=8&->34=.-/<28<(
>¨73>$27;4/87>/4>4/.=<=8&->/4>?<3>$4237-<3>/4> ><73><>;63(
B8=>?B8B" "4;"20<18>"2;8<aC82>"E0"2><4=Fb"
8 (*
6CMDO#6LKM]SKEO#V#7GRCQQOLLO#9TMCNO IQ]"#EO
RKNOPRKR#0
&+)'0-3/13
*+!42'03/-3-=0
#'/(-1 $+3'221..1
#.-/<4-)1 %5/'01
5E 04>G7E;G?4@4
5E &IBAD<6<=0!'
E 8H8@FADE8IFC8?AD
(+" 8
8=5>A<4"B>1A4"34B0AA>;;>"7D<0=>" "?4Ac"'%&(
>`MGQO#FG#GMGQIGNEKCR#QGIKRSQCFCR IQ]"EO
GN#GL#@GQ`(#-++.)-+,-' RKNOPRKR#1
%!!!
$&!!
$!!!
+1.-2.0-/,
#&!! #!!!
"&!!
#!!$ #!!% #!!& #!!' #!!( #!!) #!!* #!"! #!"" #!"#
8 q%'8=2</(10987<3=r=s;s8r'/<t2=<;i8<'/;&,'8s08<'2,3>(<<=k2i8<'23;6=2;<=k28s08
;l(;,i8s0>>;608s08,(,3;2<=;,82'<=r;,i80m&/',=k2i8=2<02s='8(>-;2'818,=,6',n
B8=>?B8B" "4;"20<18>"2;8<aC82>"E0"2><4=Fb"
8 (,
7=.228427->4->?<3>!?58;<3>/ =</<3¡> ¤ >%> < . ??<3> .4> 8 4->4->28942<3>$27=?8 43><>?<3>
¤ >4?><-542872>34>$27/.)7>4-> +>=7-> 8-.-/<=87-43>7><34-5<;84-573>.29<-73>.98=</73>
8;$<=573>/2<;658=73>,.;<-<>%>4=7-&;8=<;4-54(> 4->?</42<3>8-435<9?43>%> .4>=72243$7-/4-><>?<3>
4>=<?=.?<> .4>7=<387-<27->$ 2/8/<3>/4>° Å> > 07-<3>;63>$79243>/4>43573>=4-5273>.29<-73(>'<>
;8??7-43>%>° Å> ¢ >;8??7-43+>243$4=58 <;4-54> *<?5<>/4>72/4-<;84-57>542285728<?>43> 8389?4>4->
¬¨¯> (>@->?<3>07-<3><*4=5</<3>4-> ¤ > 43573>=<373(>@->?<>38422<+>$<258=.?<2;4-54>4->?<3>
?<>;725<?8/</>575<?>=24=8&>4->¢ «+>%>?<>8-*<-58?>4-> 07-<3><?57<-/8-<3+>?73>4$837/873>/4>*217>4 524;7>
«> ¬¬> (> .2<-54>4?>²@¯>/4>¤ +> 7>¾*28<)43¿>/428 <->4->/43<35243>,.;<-73>=7->
?<>=<$5.2<>/4>$4=43>/83;8-.%&>4->¢ «>¬¨¯> ( ;.42543><937?.5<;4-54>4 85<9?43>4->07-<3>
¨38;83;7+>4?>-!;427>/4>7=.224-=8<3>/4> 2.2<?43>%>4->385.<=8&->/4>$79240<(>@3>$7389?4>
??. 8<3>8-54-3<3> 84-4>8-=24;4-56-/734>/43/4> 83?.;92<2><??1>?<>-4=438/</>/4>*725<?4=42>?<>
+>%>,<>??4#</7><>£ ><?> >/4>/8=84;924> #4358&->/4>?<>$24 4-=8&->4->?73>/8358-573>-8 4?43>
/4?> >=7;$<2</7>=7->¢£ >4-> +> £> /4>#79842-7(>@->?<3>=8./</43>/4>?<>¨;<07-1<+>
4-> +> >4-> +>%> >4-> (>'72457> ?<3>*.42543>8-.-/<=87-43+>;63>*24=.4-543>4->?73>
*.4>4?>/4$<25<;4-57> .4>;63>3.*28&>$72>4354> !?58;73><73+>=<.3<->/<73><>?<> 8/<>,.;<-<>%><>
58$7>/4>*4-&;4-73(>@?>-!;427>/4>927543>/4> ?<>4=7-7;1<>?7=<?>$<258=.?<2;4-54>4->?<3>07-<3>
4$8/4;8<3> >4-> >»<37=8</73><>;<%7243> ;<2#8-<?43+>/4>;<%72>$79240<>%>/4>$24=<284/</>
??. 8<3>4>8-.-/<=87-43»>*.4>5<;98 ->4?> 4->?<3> 8 84-/<3(
;<%72>/43/4> (>'73>8-=4-/873>*72435<?43> 4>,<>=24</7>4->4?>$<13>4?> 8354;<>¯<=87-<?>
24#8352</73>4-> >+> 8-=.?</73><>$4287/73> $<2<>?<> 4358&->/4>ª843#73>/4> 43<35243>
4 =4$=87-<?;4-54>34=73>%>=<?.27373+>=<38>/.$?8=<> ¯¨ @ª >;4/8<-54>?<>'4%>¯©> ££¢+>%>4->
<>?<>;<%72>*24=.4-=8<>24#8352</<>$24 8<;4-54>£ > =72243$7-/4-=8<>=7->?<> 7?158=<> >/4?>¨=.42/7>
8-=4-/873>*72435<?43>4-> ( ¯<=87-<?(> 4>9.3=<><31>4 7?.=87-<2>/43/4>.->
'<>=.4-=<><;<0&-8=<+>=7-38/42</<>=7;7> 4-*7 .4>=4-52</7>4->?<>243$.435<><-54>385.<=87-43>
¾$.?;&->/4?>;.-/7¿>%>=4-527>/4>;4#<¤987/8 42¤ /4>4;42#4-=8<>,<=8<>.-7> .4>$7-4>4?><=4-57>
38/</+>%<>3.*24>.-<>;<%72>*24=.4-=8<>/4>34 .1<3> 4->?<>24/.==8&->/4>=7-/8=87-43>/4>2843#7(>@->
%>=24=8/<3>4 524;<3><>=7-34=.4-=8<>/4?>=<;987> $<2<?4?7+>34>8;$.?3<>?<>=24<=8&->/4>$?<5<*72;<3>
=?8;658=7(>@-> +>?<>=.4-=<>/4?>¨;<07-<3> /4>=772/8-<=8&->24?<=87-</<3>=7->?<>24/.==8&->/4>
37$725&>.-<>34 .1<>38->$24=4/4-543>/43/4> .4> 2843#73>%></<$5<=8&-><?>=<;987>=?8;658=7(>°->=<37>
34>24<?80<->?73>24#835273+>%>3&?7>/73><73>/43$. 3+> /435<=<9?4>43>4?> 2.$7>/4>;$.?37243>/4>?<> 4358&->
4-> +>4?>217>5. 7>?<>;<%72>=24=8/<+>$.43> /4?>ª843#7> ª @ +>8-54#2</7>$72>72#<-80<=87-43>
<?=<-0&>?73> >;3-;>4-> .8573(>@3573>4 4-573> /4>?<>37=84/</>=8 8?>4>8-3585.=87-43>$!9?8=<3(> 72>
584-4->.->*.4254>8;$<=57>-4#<58 7>37924>?<3> 7527>?</7+>34>< <-0<>4->*72;<2>38354;<3>/4><?425<>
$79?<=87-43>/4>?<>07-<>%>3.3>=.?58 73+>%>3&?7>?<3> 54;$2<-<> ¨ > .4>$2754#4-><>?<>$79?<=8&->
8-.-/<=87-43>/4?> ><*4=5<27->-4#<58 <;4-54> 4 $.435<><?><=58 <2>;4=<-83;73>/4>8-542 4-=8&->
<>;63>/4> > >$4237-<3(>¨?>;83;7>584;$7+>?<3> 26$8/<>/4>;<-42<>=772/8-</<>4-524>8-3585.=87-43>
34 .1<3><;<0&-8=<3>=7-5289.%4->/824=5<;4-54><> %>?<>$79?<=8&-(> 4>,<->8;$?4;4-5</7>8-8=8<58 <3>
<=4?42<2>4?>=<?4-5<;84-57>#?79<?+>%<> .4>#4-42<-> /4> ¨ ><-54>8-.-/<=87-43>4->'<;9<%4 .4>217>'<>
?<>4;838&-><>?<><5;&3*42<>/4?>=<297-7>/4>?<> '4=,4+>¨24 .8$<>217>¬,8?8>%> .-7>217>-<;9<28+>
;</42<>$.524*<=5<( $27;7 8/<3>$72>¯ >=7;7>"²¨¥+> ª@ @ >%>
@?>4*4=57>=7;98-</7>/4?>=<?4-5<;84-57> 7?.=87-43> 26=58=<3(
4->;<2=,<>%>/4><=58 8/</43>,.;<-<3>=7;7>?<>
/4*72435<=8&->%>4 $<-38&-><#21=7?<>$7/21<>435<2> "" +3"E7@E<4<><636"67">AE"
=7- 82584-/7><>?<>¨;<07-1<>4->.->4;8372>-457> 75AE<EF7?3E"J">3"4<A6<H7DE<636
/4>¬ (> 4#!->.->435./87>/4> > < 8/37->45> °->4=738354;<>43>.->38354;<>8-542/4$4-/84-54>
<?(> +>?<>=.4-=<>34>4-=.4-52<>4->.->$4287/7> /4>34243> 8 73>=7;7>$?<-5<3+><-8;<?43>%>
/4>52<-38=8&-+>%>?<3><=58 8/</43>,.;<-<3>%>?<3> ;8=2772#<-83;73> .4>=7;$<254->4?>;83;7>
34 .1<3>34 42<3>$.4/4->435<2>52<-3*72;6-/7?<> ,6985<5>4>8-542<=5!<->=7->4?>4-572-7>*138=7(>
/4>.->3.;8/427>/4>=<297-7>4->.->4;8372>-457( '<>7$42<=8&->=7-58-.<>/4>?73>4=738354;<3>?43>
<2<>24/.=82>?<> .?-42<98?8/</>/4>?<3> $42;854>=.;$?82>*.-=87-43> .4>=7-3585.%4->?73>
$79?<=87-43><>?73>/43<35243>4->.->=7-54 57>/4> 6;/&7*756-;*56764#.7*56>%> .4>-7>$.4/4->342>
=24=84-54>4 $738=8&->43>$24=837>4-54-/42>=&;7> 244;$?<0</73><>.->$24=87>2<07-<9?4>$72>752<3>
?73>4 4-573>4 524;73>/428 <->4->/43<35243> *.4-543>·42-4 >%> 4)</<> (>'<3>*72;<3>9<)7>
,.;<-73><>$<2582>/4?>4-572-7>37=8<?+>$7?158=7> ?<3>=.<?43>?73>4=738354;<3>34>=7- 84254->4->
%>4=7-&;8=7>/4>?<3>$4237-<3><*4=5</<3(>@->?<3> ;4=<-83;73>/4>52<-3;838&->/4>?73>8;$<=573>/4?>
#2<-/43>=8./</43+>$28-=8$<?;4-54>/4>?<>=735<+> =<;987>=?8;658=7>37924>4?>/43<227??7>,.;<-7>
4-524>?<3>$4237-<3>;63>4 $.435<3>34>4-=.4-52<-> 584-4->24?<=8&->=7->?73>342 8=873> .4> 3573>
B8=>?B8B" "4;"20<18>"2;8<aC82>"E0"2><4=Fb"
8 (.
<#28=.?5.2<><?8;4-5<28<>%>?<>#4-42<=8&->/4> '73>/43<*173> 8-=.?</73><>?73>24=.2373>
4-42#1<>».373> .4>37->434-=8<?43>$<2<>4?> ,1/28=73> .4>=7-*27-5<>4?>$<13>37-+>4->3.;<+>?<>
984-435<2>%>?<3>7$725.-8/</43>/4>?<>#4-54»(> 8-3.¹=84-54>/83$7-898?8/</>$<2<>?<3>24#87-43>%>
°-7>/4>?73>8;$<=573>/4?>=<;987>=?8;658=7>;63> =8./</43>=73542<3>»?<3>/4>;<%72>=7-=4-52<=8&->
*.42543>%> 8389?43> .4>3.*24>4?>$<13>43>4?>24527=437> $79?<=87-<?»+>4?>.37>8-4¹=84-54>4->4?>6;9857>/4?>
/4>?73>#?<=8<243(>@?> 42!>=7-=4-52<>;63>/4?> «> =7-3.;7>/7; 358=7>%>4->?<>;<%72>$<254>/4>?<>
/4>?73>#?<=8<243>527$8=<?43>/4?>;.-/7(> 4>=<?=.?<> <#28=.?5.2<>9<)7>284#7+>?<>379244 $?75<=8&->/4>?<3>
.4+><>=<.3<>/4?>=<?4-5<;84-57+>?<>3.$42¹=84> <#.<3>3.954226-4<3>4-><?#.-73> <??43>/4>?<>=735<>
575<?>/4>#?<=8<243>/83;8-.%&> «>4-524> >%> $72>4?>8;$.?37>/4?><.#4><#274 $725</72+>%>?<>
£> <8-542> (>52<3>;4/8=87-43>4358;<-> *.4254><*4=5<=8&->/4>?<>=<?8/</>/4?><#.<><>2<10>/4>
435<>24/.==8&->4-> «>¨¯¨> <(>@->4?>=7257> ?<>=7-5<;8-<=8&->8-/.3528<?+>;8-42<>%>/7; 358=<(
$?<07+>4?>/422458;84-57>/4>?73>#?<=8<243>,<=4> @3573>$279?4;<3+><#./80</73>$72>?73>
$7389?4>.-<>;<%72>/83$7-898?8/</>/4><#.<+> 8;$<=573>4->=.237>/4>?<>=28383>=?8;658=<+>
$427>4357>-7>43>37354-89?4>%>$.4/4>=24<2>*<?3<3> /4;<-/<->243$.435<3>/4>=<26=542>8-54#2</7(>@??7>
4 $4=5<58 <3>4-524>?73>.3.<2873( $7-4>/4>24?84 4>4?>$<$4?>/4>?<>??<;</<> 4358&->
¸.-57><?><=4?42</7>24527=437>/4>?73>#?<=8<243> -54#2</<>/4>ª4=.2373> 1/28=73> ª +> .4+>4->
4->?73>¨-/43+>?73>$62<;73><-/8-73>3.*24->5<;98 -> 4?>;<2=7>/4>?<></<$5<=8&-><?>=<;987>=?8;658=7+>
.-><=4-5.</7>=.237>/4>/4#2</<=8&-(>@?>=<26=542> 43>=7-38/42</<>$72>4?> ¬¬>=7;7>.->4-*7 .4>
=2158=7>/4>4354>$27=437>$<2<>?<>#4-54+>4->4?>?<2#7> <?8737>$72>435<2>9<3</<>4->?<>¼4 898?8/</>%>
$?<07+>584-4> .4> 42>=7-> .4>4?> «>/4>?<>$79?<=8&-> </<$5<98?8/</>°¯@ ¬> £(>@->4?> 42!+>
34><9<354=4>/4><#.<>728#8-</<>4->?<3>07-<3> ?<> ª >$.4/4>=7-5289.82><>.-<>24?<=8&->;63>
<?57<-/8-<3(> 4>4358;<>5<;98 -> .4+><>2<10>/4>43573> 4 .85<58 <>4-524>?<3>#2<-/43>=8./</43>%>3.>
=<;9873+>%<>/83;8-.%&>4-> «>?<>/83$7-898?8/</>/4> 4-572-7+>;4)72<-/7>4?>.37>/7; 358=7+>4?>284#7>%>
<#.<>/.?=4>4->?<>07-<>=73542<+>/7-/4>34>.98=<>;63> ?<>#4-42<=8&->/4>4-42#1<+>434-=8<?43>$<2<>4?4 <2>
/4?>£ «>/4>?<>$79?<=8&->$42.<-<>¬¨¯> ( 4?>/43<227??7>,.;<-7>4->?<3>624<3>2.2<?43>%>/<2?4>
'<>/75<=8&->/4><#.<>$<2<>4?>=7-3.;7> 37354-898?8/</><?>$27#2437><?=<-0</7>4->?73>
/7; 358=7>4->4?> 42!>43>/4¹=85<28<(> 7?7>4?> =4-5273>.29<-73(
£ «>/4>?73>,7#<243>$79243>%>4?> «>/4>?73>
,7#<243>$79243>4 524;73>=.4-5<->=7-><==437><> "" +3"BDA6G55<S@"67"3><?7@FAE"
?<>24/>$!9?8=<>/4><#.<>%>3<-4<;84-57¡></4;63+> 43=A"7>"3E76<A"67>"5><?3
,<%>924=,<3>8;$725<-543>/4>/83$7-898?8/</> @?>=<;987>=?8;658=7>8-=8/4>4->?<>$27/.==8&->
%>52<5<;84-57>/4>/434=,73>72#6-8=73>4->?<3> /4><?8;4-573>%>4->?<>34#.28/</><?8;4-5<28<(>
=7;.-8/</43(>@->435<3>=7-/8=87-43+>4?>4352 3> '<>7=.224-=8<>/4>4 4-573>4 524;73>7?<3>/4>
,1/28=7>-7>,<=4>38-7><=4-5.<2>?73>2843#73>37924>4?> =<?72+>8-.-/<=87-43+>34 .1<3+>?73>=<;9873>4->
/43<227??7>%>?<>3<?./>/4>?<3>$4237-<3( ?73>4=738354;<3>%>4->?73>342 8=873>$2435</73>
72>4?>?</7>/4?>284#7><#21=7?<+>?73>=<;9873> $72> 3573+>;63>?<>8-34#.28/</>,1/28=<+>37->?<3>
4->?<>/83$7-898?8/</>/4?>24=.237>,1/28=7> 1<3>;4/8<-54>?<3>=.<?43>?73>52<3572-73>/4?>
%<>=7-3585.%4->.->$279?4;<>$!9?8=7+>%> =?8;<>$.4/4-><*4=5<2>?<>=<$<=8/</>/4>$27/.=82>
<=5.<?;4-54>,<%>$27#2<;<3>%>$27%4=573> .4> <?8;4-573+>=7->8;$725<-543>=7-34=.4-=8<3>$<2<>
9.3=<-><54-/42>43$4=8<?;4-54><>$79?<=87-43> 4?>/43<227??7>,.;<-7(
%>$4 .473>$27/.=57243> .4>4-*24-5<->43573> '<>$27/.==8&->/7; 358=<+>).-57>=7->?<3>
4*4=573>$42)./8=8<?43>/4?>=<;987>=?8;658=7(> 8;$725<=87-43+>/<->?.#<2><>?<>=76'5>73727=?=>/4>
¯7>7935<-54>?73>< <-=43>4->?7> .4>=7-=842-4> <?8;4-573+> .4>=7-3585.%4>?<>$28;42<>/8;4-38&->/4>
<>8-*2<4352.=5.2<>/4>284#7+><!->/73>542=873>/4> ?<>34#.28/</><?8;4-5<28<(>'<3>752<3>»/4><=.42/7>
?<3>58422<3><#21=7?<3>/4?>$<13>37->/4>34=<-7>¦> =7->4?>4-*7 .4>/4>²¨»>37->4?>?**;65>/4>?<>
¬@¯¨ ª+>¯@> +>?7> .4>/<>.-<>8/4<>/4>?<> $79?<=8&-><>4??73><>$<2582>/4>3.3>8-#24373>%>=7-4 8&->
;<#-85./>/4?>2843#7><?> .4>4356>4 $.4357>4?><#27> =7->?73>;42=</73+>4?>865>7><$27 4=,<;84-57>/4>?73>
-<=87-<?>*24-54><>?<><?542<=8&->/4?>2 #8;4->/4> <?8;4-573>=7->9<34>4->8-*72;<=8&->%>4/.=<=8&-+>%>?<>
$24=8$85<=87-43> .4><=<224<>4?>=<;987>=?8;658=7( ;64?3727=?=>24*428/<><?>3.;8-83527>%>.37>=7-58-.7>4->
@->?7>24?<58 7><>?<>#4-42<=8&->/4>4-42#1<+>4?> 4?>584;$7+>?7> .4>$24=83<;4-54>43><;4-<0</7>$72>4?>
=<;987>=?8;658=7>%>3.3>*4-&;4-73>/43#?<=8<=8&-> =<;987>=?8;658=7(
%>4?>²@¯+><31>=7;7>3.>8;$<=57>37924>4?>=8=?7>%> @->4?> 42!+>?<><#28=.?5.2<>%>?<>$43=<>
?<3>*.4-543>,1/28=<3+><*4=5<21<->?<>#4-42<=8&->/4> $28-=8$<?43>34=57243>$27/.=57243>/4><?8;4-573>
,8/274?4=528=8/</+> .4>34>?7=<?80<>$28-=8$<?;4-54> 37-><=58 8/</43><?5<;4-54>34-389?43><?>
4->4?>=4-527>%>3.2>/4?>$<13>%>24$2434-5<>4?> «>/4> =?8;<(>@35<>34-3898?8/</>34>8-=24;4-5<>$72>?<>
?<3>24342 <3>4-42# 58=<3>$279</<3>%>4?> «>/4>?<> /4#2</<=8&->$24 8<>/4>?73>4=738354;<3>%>24=.2373>
4-42#1<>575<?>$27/.=8/<( 9638=73> .4>373584-4-><>43<3><=58 8/</43(>
)%" 8
8=5>A<4"B>1A4"34B0AA>;;>"7D<0=>" "?4Ac"'%&(
'<>42738&->/4>3.4?73>43>.-7>/4>?73>$27=4373> <$<28=8&->/4>;<%7243>$?<#<3>%>4-*42;4/</43(>
.4>;<%72>$42).8=87><=<224<><>?<><#28=.?5.2<> '<3>=28383>=?8;658=<3><#./80<->4?>=7-52<354>4-524>
<?8;4-5<28<>/4?> 42!+>37924>57/7>4->?<>38422<+> ?<><#28=.?5.2<>/4>284#7>%>?<>/4>34=<-7+>%>,<=4->
/7-/4>?<>/4*72435<=8&-+>4?>37924$<357247>%>?<3> ;63>$27*.-/<3>?<3>924=,<3>$27/.=58 <3>%>37=8<?43>
;<?<3>$26=58=<3><#21=7?<3><#2< <->?<>$24/83$738=8&-> 4->4?>=<;$7(>¬.<-/7>34>52<5<>/4>4=7-7;1<3>
/4>?<3>?</42<3>%>4?>$<$4?>/4>?<3>8-54-3<3>??. 8<3> =<;$438-<3>/4><.57=7-3.;7+>?<>;<%72>8-=8/4-=8<>
435<=87-<?43(>'<>3<?8-8/</>43>7527>*<=572>/4> /4?>=?8;<>%>?<><?5<> .?-42<98?8/</><#2< <->3.>
/4#2</<=8&-+>$28-=8$<?;4-54>4->?73> <??43>=7354273> 34=.?<2>8-34#.28/</><?8;4-5<28<>%>9<)7>/43<227??7>
37;458/73><>284#7>4 =438 7>$72>8-.-/<=8&-(>@?> ,.;<-7+><?>,<=42?73>$42/42>=734=,<3+>*.4-543>/4>
84-57>5<;98 ->$27$8=8<>?<>42738&->4->?<>=735<>%>4-> <?8;4-5<=8&->4>8-#24373(
?<3>$?<-8=843><?57<-/8-<3>42738&->4&?8=<( @->#4-42<?+>?<3><-7;<?1<3>/4>54;$42<5.2<3>
4>4 <=429<>?<>34-3898?8/</>/4?>4=738354;<> %>*4-&;4-73>4 524;73><37=8</73><?>=<;987>
;<28-7><-54>4?>=<;987>=?8;658=7>$72>4?>-8 4?> =?8;658=7>8;$<=5<->4->=</4-<>37924>?<>
$244 8354-54>/4>/45428727+>,835&28=<;4-54> /83$7-898?8/</+>4?><==437>%>4?>.37>/4>?73><?8;4-573>
24?<=87-</7>=7->?<>=7-5<;8-<=8&->%>?<> $72>?73>,7#<243+>=7->?7> .4>34>=<.3<>/<7+>4->4?>
37924$43=<(>²24-54><><;973>*<=57243>34> =7257>$?<07+><>?<>-.528=8&->%><>?<3>=<$<=8/</43>
<$24=8<+>38->4;9<2#7+>.-<>4 7?.=8&->$73858 <> ,.;<-<3(>@->4?>;4/8<-7>%>?<2#7>$?<07+>?73>-.4 73>
4->?73>!?58;73><73+>$72>?73>< <-=43+><.- .4> $<527-43>/4>2843#7>=?8;658=7>4->?<><#28=.?5.2<>%>
8-3.¹=84-54+>=7->4?>¹->/4>24#.?<2>?<><=58 8/</>%> ?<>$43=<>»43>/4=82+>?73>$27=4373><=.;.?<58 73>
4?>43*.4207>/4><?#.-<3>4;$243<3>,<28-42<3>$<2<> ;<%7243>54;$42<5.2<3>%>$24=8$85<=87-43>
8-527/.=82>;4)72<3>54=-7?=<3> .4>24/.0=<-> 8-435<9?43»+>;63>?73>4 4-573>4 524;73+>$.4/4->
?<>=7-5<;8-<=8&-(>¨>$43<2>/4>4??7+>9<,1<3>=7;7> <*4=5<2>¹-<?;4-54>?73><=58 73>$28-=8$<?43>%>?<3>
?<>/4?>¬<??<7>%>@?>²4227?>¬,8;9754>;.4352<-> =7-/8=87-43>/4>7$42<=8&->/4>435<3><=58 8/</43(
<!->;.%><?573>-8 4?43>/4>=7-5<;8-<=8&->$72>
4¼.4-543>%>$72>;45<?43>$43</73( "" +AE"D<7E9AE"EA4D7
@?>=<26=542>34-389?4>/4>?<>$43=<>*24-54><?>=<;987> " >3"E3>G6";G?3@3
=?8;658=7>%>?<3>=7-34=.4-=8<3> .4>¹-<?;4-54>$.4/<> ¨?>8#.<?> .4>?<>$27/.==8&->/4><?8;4-573>%>?<>
4 $428;4-5<2>34>24?<=87-<->/824=5<;4-54>=7->?<> 34#.28/</><?8;4-5<28<+>?<>3<?./+>=7;7>;4=<-83;7>
*72;<>4-> .4>34><*4=54>?<>$27/.=58 8/</>/4?>;<2(> /4>52<-3;838&->/4>?73>8;$<=573>=?8;658=73+>584-4>
Æ35<+><>3.> 40+>4356>=7-/8=87-</<>$72>?73>43=4-<2873> .-<>.98=<=8&->;.%>$2& 8;<><>?<3>=<$<=8/</43>%>
/4>4-*28<;84-57>%>=<?4-5<;84-57><.;4-57>%> 984-435<2>/4>?<3>$4237-<3(>@??7>43><31>$72 .4>-7>
/83;8-.=8&->/4>3.2#4-=8<+>243$4=58 <;4-54> 37?<;4-54>8- 7?.=2<>;4/873>7>3<583*<=57243>/4?>
$24 83573>4->24?<=8&->=7->4?>=<;987>=?8;658=7(>Ç> /43<227??7>,.;<-7+>38-7>$72 .4>=7-3585.%4+>4->
<.- .4>?73>;7/4?73>4->.37>37->57/< 1<>?8;85</73+> 31>;83;<+>.->?7#27>434-=8<?+>8224-.-=8<9?4+><?> .4>
$27$72=87-<->/4>57/73>;7/73>.-<>24*424-=8<+>%> <3$82<->57/<3>?<3>$4237-<3(
<?#.-73>$27%4=5<-> .4+><.->4->4?>43=4-<287>/4> '73>*4-&;4-73>4 524;73><37=8</73><?>=<;987>
4-*28<;84-57+>?<>$79?<=8&->/4><-=,7 45<+>?.4#7> =?8;658=7>$?<-54<->.->/43<*17><>?73>38354;<3>/4>
/4> 4234>*< 724=8/<>4->?<3>$2& 8;<3>/ =</<3> 3<?./>$!9?8=<>%>?73>342 8=873> .4> 3573>$27$72=87-<-¡>
<=5.<?;4-54+>$72>?<3>54;$42<5.2<3>;63>9<)<3+>%<> ;7/8¹=<->?<3>=7-/8=87-43>-<5.2<?43+>=7->?7> .4>
7=.224>4->4?>;<2>$42.<-7>.->;<%72><¼72<;84-57+> <*4=5<->4?>#2</7>/4>=7-527?>37924>?73>*<=57243>
$73858 7>$<2<>?<><-=,7 45<+>4;$40<21<><>24/.=8234> 4$8/4;87?=73>%> 4=57243>/4>$27$<#<=8&-¡>
,<=8<>4?> (>@->4?>43=4-<287>/4>=<?4-5<;84-57+>435<> 8;$<=5<->37924>?<>=<?8/</>%>=<-58/</>/4?><#.<>%>/4>?73>
=<1/<>3421<>;<%72+><.- .4>$7/21<> 4234>=7;$4-3</<> <?8;4-573><>?73> .4><==4/4->?<3>$4237-<3¡>$27 7=<->
$72>.-<>;<%72>$79?<=8&->/4>43$4=843>4 $?75</<3> <?542<=87-43>4->?<>=<?8/</>/4?><824>%+>4->#4-42<?+>
$72>?<>$43 .421<><2543<-<?( 8-/.=4->=<;9873>4->?73>4=738354;<3+>57/7>?7>=.<?>
@->?7> .4>=7-=842-4><>?73>8;$<=573>%<> <22<352<>=7-34=.4-=8<3>37924>?<>3<?./>,.;<-<(
24#8352</73>/4>?73>/43&2/4-43>=?8;658=73>37924> '<3>435</1358=<3>7¹=8<?43>%>?<>$42=4$=8&->/4>?73>
?<><#28=.?5.2<><?8;4-5<28<+>4->4?>$4287/7> ¤ <=57243>/4?>38354;<>/4>3<?./>$!9?8=<>%<><$.-5<-><>
>?<3>=<;$<<3><#21=7?<3> 8427-><*4=5<234>.-> .-><.;4-57>/4>?<3>4-*42;4/</43><37=8</<3>=7->
575<?>/4> > > <+>%>?<>$ 2/8/<>575<?>34>385.&> ?<3><?542<=87-43>/4?>=?8;<(>@->$<258=.?<2+>=24=4->?<3>
4-> > > <(>'73>=.?58 73><-/8-73>,<->38/7>?73> 34<?43>/4>?<>4;42#4-=8<+>244;42#4-=8<>%>-.4 <>
;63>4 $.43573><>,4?</<3>%>34 .1<3+>4->$<258=.?<2> /835289.=8&->542285728<?>/4>?<3>4-*42;4/</43>
?73>/4?>$837> .4=,.<+>/7-/4>=<38>?<>;85</>/4> ;45< -8=<3>»52<-3;858/<3>$72> 4=57243»+>
?<>$79?<=8&->43>2.2<?>%>;.%>/4$4-/84-54>/4> $28-=8$<?;4-54>?<>;<?<28<>%>4?>/4-#.4(
?<><#28=.?5.2<(> <2<>?73>$4 .473><#28=.?57243> '<>;<?<28<>34>24?<=87-<>/824=5<;4-54>=7->?<>
4->385.<=8&->/4>$79240<>24$2434-5<>.->;<%72> 54;$42<5.2<><;984-5<?+>%>4->4?> 42!>584-4>=<26=542>
8;$<=57>?<>24/.==8&->/4>24-/8;84-573>%>?<> 4-/ ;8=7>4->?<3>07-<3>527$8=<?43><;<0&-8=<3>%>
B8=>?B8B" "4;"20<18>"2;8<aC82>"E0"2><4=Fb"
8 )&
4->?<3>/4>?<>=735<>-7254+>/7-/4>34>$2<=58=<>4?>284#7> @?>=<;987>=?8;658=7>$.4/4>342>8;<#8-</7>
$72>8-.-/<=8&-(> 43/4>4?><7> £>?<>4-*42;4/</> =7;7>.->$279?4;<>$!9?8=7>=7->8-4 .8/</>4->?<>
;7352<9<>.-<>54-/4-=8<><>?<>24/.==8&->4->=78-=8/4-=8<> /835289.=8&->/4>3.3>243.?5</73(>@->752<3>$<?<92<3+>43>
=7->?<>34 .1<>24#8352</<>4->?<>=735<>-7254(>@?>24572-7> $7389?4>4 .8$<2<2?7><>.->$279?4;<>$!9?8=7>#?79<?>
/4>?<3>$24=8$85<=87-43>4->4?><7> >8-=24;4-5<>?<> 4->=.%<3>=<2<=5421358=<3>3835 ;8=<3>$24 <?4=4->?<3>
$2434-=8<>/4>=<373>4-> .;943>%> 8.2<(>@->4?>!?58;7> *<??<3>/4?>;42=</7(>@->4354>=7-54 57+>?73>@35</73>
$4287/7+>4->?<>24#8&->/4>'72457>34>=7-=4-52<>4?> +«> 4-*24-5<->?<>528$?4>243$7-3<98?8/</>/4§>8>#43587-<2>
/4>?73>=<373>-758¹=</73>/4>;<?<28<( 4354>$279?4;<>$!9?8=7>$72>;4/87>/4>;4/8/<3>
@?>/4-#.4>43>5<;98 ->.-<>4-*42;4/</> /4>;858#<=8&->7></<$5<=8&->4->*.-=8&->/4>3.>
4-/ ;8=<>4->4?> 42!+>;.%><37=8</<><>$79?<=87-43> .98=<=8&->4->?<>4=7-7;1<>$7?158=<>8-542-<=87-<?>/4?>
38-><==437><><#.<>34#.2<>%>342 8=873>/4> =<;987>=?8;658=7¡>88>24#.?<2>?<3>*<??<3>/4?>;42=</7>
3<-4<;84-57+>%>=7->$26=58=<3>8-</4=.</<3> 24?<=87-</<3>%>24?4 <-543>$<2<>4?>-8 4?>-<=87-<?>%>?73>
/4><?;<=4-<;84-57>/4>4354>24=.237(>@->4354> -8 4?43>3.9-<=87-<?43¡>%+>888>$2754#42>%>$754-=8<2>
=7-54 57>37=8<?>8-=8/4->?73>=<;9873>4->4?> ?73>984-43>$!9?8=73>-4=43<2873>$<2<>;8-8;80<2>?73>
=?8;<> .4>4 $<-/4->?<>$2434-=8<>/4?>/4-#.4> 4*4=573>/4?>=<;987>=?8;658=7>37924>4?>/43<227??7>
<?>$.-57>/4>=7- 42582><>435<>4-*42;4/</>4->.-> ,.;<-7>%><34#.2<2>=7-/8=87-43>/4>4 .8/</>%>
8;$725<-54>$279?4;<>/4>3<?./>$!9?8=<(>@35<> ).358=8<(
385.<=8&->=7-52<35<>=7->?<>79342 </<>4->?<3> @?>-*72;4>;.-/8<?>/4>/43<227??7>,.;<-7>
/ =</<3>$<3</<3>/43/4>?<>/4> +>=.<-/7>4?> ¤ >/435<=&>4?>/43<*17> .4>24$2434-5<>4?>
/4-#.4>,<91<>/43=2857>.->=.237>/43=4-/4-54(>@-> =<;987>=?8;658=7>$<2<>?<>;<-42<>=7- 4-=87-<?>/4>
?<>/ =</<>/4?> >34>24 84254>435<>54-/4-=8<>=7-> ,<=42>$7?158=<3>$!9?8=<3(>'<>-<5.2<?40<>8224 42389?4>
?<><$<28=8&->/4>=<373>#2< 43>,4;7226#8=73>4-> %>/4>?<2#7>$?<07>/4?>$27=437+>=7->8;$<=573>4->?<>
(>@->?73><73>38#.84-543+>%>37924>57/7><>$<2582> <=5.<?8/</+>38#-8¹=<> .4>34>24 .8424>,7%>/4>#2<-/43>
/4?> +>?<>$2434-=8<>/4>?<>4-*42;4/</><.;4-5<> 8- 42387-43>=.%73>94-4¹=873>3&?7>34>34-5826->4->4?>
38#-8¹=<58 <;4-54>,<35<>4?><7> +>4->4?> .4>34> ?<2#7>$?<07(>@->4?> 42!+>=7->.-<>/4;7=2<=8<><!->4->
=7-¹2;<-> ¢> >=<373+>4?>-!;427>;63><?57>4-> $27=437>/4>=7-37?8/<=8&-+>435<>385.<=8&-><$<24=4>
<28<3>/ =</<3(>@-> >34>,<->$2434-5</7>-.4 73> =7;7>.->2457>4 =4$=87-<?(> 8//4-3> >34<?<>
927543>*7=<?80</73>4->24#87-43>/4>?<>34? <( =.<527>#2<-/43>/43<*173>/4?>=<;987>=?8;658=7>$<2<>
'<>3<?./>5<;98 ->24=894>?73>8;$<=573>/4?> ?<>57;<>/4>/4=8387-43>%>*72;.?<=8&->/4>$7?158=<3>
=<;987>=?8;658=7>$27 4-84-543>/4>?73>75273> </4=.</<3>4->?<3>/4;7=2<=8<3>7==8/4-5<?43+>?73>
;4=<-83;73>/4>52<-3;838&-(>'<>4 8/4-=8<>%>4?> =.<?43>$243.;89?4;4-54>34><#./80<->4->.->=7-54 57>
=7-7=8;84-57>/4>435<>8-542<==8&->584-4->%<>.-> =7;7>4?>$42.<-7+>/7-/4>43>-4=43<287>*725<?4=42>
24¼4)7>4->?<3>$7?158=<3>$!9?8=<3(> 72>4)4;$?7+>4-> ?<>8-3585.=87-<?8/</>%>?<>#4358&->/4>?<3>$7?158=<3>
24?<=8&->=7->?<>#4358&->/4>2843#73>/4>/43<35243+> $!9?8=<3(>@->$28;42>?.#<2+>;<-54-42>.-<> 838&->
4?>¥8-8354287>/4> <?./>4356>4?<972<-/7>$?<-43> =7-35<-54>%>/4>?<2#7>$?<07>$<2<>#43587-<2>?73>2843#73>
-<=87-<?43>/4>#4358&->/4>2843#73>*24-54><>/8358-57> /4?>=<;987>=?8;658=7>=.<-/7>,<%>=.43587-<;84-573>
58$73>/4>*4-&;4-73>4 524;73>4->4?>;<2=7>/4> 24=.224-543><?>=7-34-37>=84-51¹=7>/4>$<254>/4>
</<$5<=8&-><?>=<;987>=?8;658=7(>@?>79)458 7> /8 42373>#2.$73>/4>8-542 3(>@->34#.-/7>?.#<2+>4?>
$28-=8$<?>43>;4)72<2>?<>=<$<=8/</>/4>243$.435<> ;<-4)7>/4?>=<;987>=?8;658=7>$.4/4>-4=4385<2>;<%72>
/4>?<3>8-3585.=87-43>%>24/.=82+><31+>4?>-!;427>/4> $?<-8¹=<=8&->4>8-542 4-=8&-+>.->$<$4?>;63>*.4254>
$4237-<3>$42)./8=</<3>$72>4373>*4-&;4-73( /4?>@35</7+>?7> .4>24 .8424+><>3.> 40+><=.42/73>%>
4 .8?892873>=7->?73><=57243>$28 </73> .4>$.4/4->
"" '7>"5A@A5<?<7@FA 24383582>4354>58$7>/4>;4/8/<3(>@->542=42>?.#<2+>*24-54>
" 3">3E"BA>RF<53E#"'7E38RAE <?>=<;987>=?8;658=7>43>$24=837>.->=7-34-37>$!9?8=7>
" B3D3">3"<@5<67@5<3 %>$7?158=7>$<2<>?<><==8&-+>$427>4357>=7?8387-<>=7->?<>
@?>=<;987>=?8;658=7>43>24<?>%>43>7=<387-</7>$72> 24<?8/</>4 8354-54>4->?73>38354;<3>$7?158=73+>4->?73>
?<3><=58 8/</43>,.;<-<3(> 8->4;9<2#7+><>$43<2>/4?> .4>#4-42<?;4-54>$28;<>4?>=7257$?<=83;7>%>?73>
=7-34-37>=84-51¹=7>%>/4>?<>=24=84-54>4 8/4-=8<> .4> 8-5424343>$<258=.?<243(>²8-<?;4-54+>.2#4>4-54-/42>
3.#8424->?<>-4=438/</>/4><==87-43>=7?4=58 <3>/4=8/8/<3> %>/8*.-/82>?<3>=7-34=.4-=8<3>/4>?73>4-72;43>=73573>
%>.2#4-543><>43=<?<>#?79<?+>?73><=.42/73>%>;4/8/<3> /4></<$5<=8&->%>;858#<=8&->$<2<>?<>).358=8<>37=8<?+>
$7?158=<3>;.-/8<?43>%>?7=<?43>37-><!->8-=8$84-543>$<2<> 43>/4=82+>-7>37?7>$27=.2<2> .4>?73>=73573>34<->
4-*24-5<2?7(>@?>??<;</7><>?<><==8&-><?=<-0<>5<-57><> /835289.8/73>/4>;<-42<>).35<+>38-7>5<;98 -> .4>?<>
?73><=57243>435<5<?43>=7;7><>?73>37=8<?43>%>$28 </73(> =8./</<-1<>?<>$42=89<>=7;7>5<?(
43/4>3.3>243$4=58 <3>43*42<3+>43573>!?58;73>$.4/4-> '<>=7-3.?5<>-<=87-<?>37924>?<><#4-/<>/4>
<3.;82>.->$<$4?>=?< 4>4->?<>;7 8?80<=8&->4>8-=8/4-=8<+> /43<227??7>$735¤ >4->4?> 42!> ¯°> >4-=7-52&>
?<>8;$?4;4-5<=8&->/4>;4/8/<3>%>4?>34#.8;84-57>%> .4>?73>54;<3><;984-5<?43>*72;<->$<254>/4>?73>£>
8#8?<-=8<>/4>?73>$27=4373>%>3.3>243.?5</73( =7->;<%72>$28728/</>4->5<??4243>=7->$79?<=87-43>4->
)'" 8
8=5>A<4"B>1A4"34B0AA>;;>"7D<0=>" "?4Ac"'%&(
4P"PPGQGJS"G"PG"GIINgR"JKP"8RLSVQK"" QGETCFQO
WSHVK"JKWGVVSPPS"MYQGRS"'%%,#'%%- RKNOPRKR#2
"@¤9@ 8;°"+$>@ $.;&*-9@ /" +>@ &>/-++"99"@ .$-;"@ 4332433 @ $=7 6'>#=7 >8/42=7 (67 >=<;987 >69<549>8"7 !8691=291=17 )2(/4(7 =7 '/7
<'/187193919180@-9>+'(@-)>+)-@&>@!.>@
/'>@>/@.;@#>9*=+"@-)'.-9@£@.;-@-$>;- -@$-/*,-@#-+-@>9@&>/-++"99"@ .$-;"@>;@>9@9-+="@
#9- "@/@.;-@¤'+-=>&*-@>;@)*>+;>/¦@!.>@#+>/>;'-@&>/-°%"/@*;
&*'"/@#-+-@>9@&>/-++"99"@>;@'"&"@>9@#9-;>'-0@£@!.>@£-@,*>;>@$*;-;&"@
9"/@>/°.>+ "/@#"+@+>&.)*+@9-@#" +> -@£@9-/@ +>) -/@&>@&>/-++"99"@ .$-;"@>;@.;@$.;&"@ >'>+"=
;>"@9@8;°"+$>@/"/'.,"@'-$ *
;@
!.>@>9@)-$ *"@)9*$ '*)"@>/' @°+>;-;&"@9"/@>/°.>+ "/@#-+-@9"=+-+@9"/@ >'*,"/@&>@ >/-++"99"@&>9@ *9>;*"@5 1@+-/@>/'- 9>)>+@
9-@*$#"+'-;)*-@&>9@&>/-°%"@#-+-@>9@&>/-++"99"@ .$-;"@-)'.-9@£@#-+-@9-/@/*=.*>;'>/@=>;>+-)*";>/0@ * "@.;@99-$-&"@-@9-@-))*(;@
.+=>;'>@£@)"9>)'*,-0@)";@-'>;)*(;@'-;'"@-@9-@$*'*=-)*(;@)"$"@-@9-@-&-#'-)*(;0@>;°")-;&"@9"/@*$#-)'"/@&>/#+"#"+)*";-&"/@/" +>@
9"/@#-%/>/@$ /@#" +>/@£@9-/@#" 9-)*";>/@$ /@,.9;>+- 9>/¦
B8=>?B8B" "4;"20<18>"2;8<aC82>"E0"2><4=Fb"
8 )(