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2/5 $ICKP DGECWUG QH VJG JKIJ NGXGNU QH /CPICPGUG &KPPCOQP OC[ DG CP GZEGNNGPV ECPFKFCVG VQ OKVKICVG VJG GHHGEVU QH 2/5
$EEQTFKPIVQVJG7PKXGTUKV[QH/CT[NCPFJVVRYYYWOOGFWCNVOGFCTVKENGUOCPICPGUGJVOYGDUKVGYQOGPYJQCVG
OIQHOCPICPGUGKPVJGKTFKGVUGCEJFC[JCFHGYGTOQQFUYKPIUCPFETCORUEQORCTGFVQVJQUGYJQCVGQPN[OIQHOCPICPGUG
6JGUGTGUWNVUUWIIGUVVJCVCOCPICPGUGTKEJFKGVOC[JGNRTGFWEGU[ORVQOUQH2/5$PQVJGTENKPKECNUVWF[HQWPFVJCVRCVKGPVU
YKVJ2/5JCFUKIPKHKECPVN[NQYGTCOQWPVUQHECNEKWOEJTQOKWOEQRRGTCPFOCPICPGUGKPVJGKTDNQQF;QWUJQWNFPQVEQPUWOG
OQTG VJCP OI QH /CPICPGUG RGT FC[ CDQWV EKPPCOQP UVKEMU CEEQTFKPI 0;7 JVVRYYYOGFP[WGFWEQPVGPV"
&JWPMØØ' )'$ IWKFGNKPGU
JVVRYYYHFCIQX)QQF*WKFCPEG4GIWNCVKQP*WKFCPEG'QEWOGPVU4GIWNCVQT[ØPHQTOCVKQP.CDGNKPI0WVTKVKQPWEOJVO
GUVCDNKUJGUCFCKN[XCNWGQHOICDQWV&KPPCOQPUVKEMU
'GRTGUUKQP4GFWEGFKTTKVCDKNKV[/QQF(PJCPEGT$PEKGPVHQNMNQTGUC[UVJGUOGNNQH&KPPCOQPKUVJGDGUVEWTGHQTVJGYKPVGT
DNWGU6JGQPN[UEKGPVKHKEGXKFGPEGYGECPHKPFVQUWRRQTVVJKUVJGQT[KUVJKUUVWF[JVVRYYYYLWGFWCDQWVCFOAPGYUAUVQT[CUR"
%WV &KPPCOQP OC[ DG CP GZEGNNGPV EWTG HQT FGRTGUUKQP KP C OQTG TQWPF CDQWV YC[ 6JGTG KU UQOG GXKFGPEG
JVVRYYYNKXGUEKGPEGEQOJQYDCEVGTKCCHHGEVOGPVCNJGCNVJJVON VJCV EGTVCKP V[RGU QH IWV DCEVGTKC OC[ OCMG [QW OQTG
UWUEGRVKDNG VQ FGRTGUUKQP &KPPCOQP CU C RQYGTHWN UVQOCEJ CPVK DCEVGTKCN OC[ JGNR [QW TGOQXG VJG DCF DCEVGTKC +QYGXGT UKPEG
&KPPCOQP TGOQXGU DQVJ DCF CPF IQQF DCEVGTKC HTQO [QWT UVQOCEJ [QW YQWNF DG CFXKUGF VQ TGRQRWNCVG [QWT DQF[ YKVJ IQQF
DCEVGTKC D[ FTKPMKPI C IQQF RTQDKQVKE QT GCVKPI HGTOGPVGF HQQF CHVGT VCMKPI &KPPCOQP 4GCF QWT DNQI RQUV QP IWV JGCNVJ JGTG
JVVREKPPCOQPXQIWGEQODNQIIWVJGCNVJ
8KTWU )KIJVGT ØV KU CNUQ DGEQOKPI CRRCTGPV VJCV &KPPCOQP KU CNUQ C RQVGPV XKTWU HKIJVGT $P ØPFKCP UVWF[
JVVRYYYTGVTQXKTQNQI[EQOEQPVGPV52 DCUGF QWV QH 2WPG ØPFKC ENCKOGF VJCV C &KPPCOQP FGTKXGF RTQE[CPKFKP
RQN[OGTaECPVWTP+Ø8KPHGEVGFRGQRNGKPVQ+Ø8EQPVTQNNGTUVJQUGYJQECTT[VJG8KTWUDWVFQPQVFGXGNQRHWNNDNQYP$Ø'56JKUUVWF[
JVVRYYYPEDKPNOPKJIQXRWDOGF HQWPF VJCV (WIGPQN VJG RTKOCT[ KPITGFKGPV KP &G[NQP &KPPCOQP .GCH 1KN YCU
GHHGEVKXGU CICKPUV +GTRGU $PF &KPPCOCNFGJ[G VJG RTKOCT[ KPITGFKGPV KP &G[NQP &KPPCOQP %CTM 1KN YCU GHHGEVKXG CICKPUV VJG
CFGPQXKTWU KP VJKU UVWF[ JVVRNCDOGFCUERLQWTPCNUQTIEQPVGPVHWNN CP KPHGEVKQP VJCV KU VJG OQUV EQOOQP ECWUG QH
KNNPGUU KP VJG TGURKTCVQT[ U[UVGO 9G VCMG C ENQUGT NQQM KP QWT DNQI RQUV JGTG JVVREKPPCOQPXQIWGEQODNQIEKPPCOQPMKNNU
XKTWUGU
2CTMKPUQPU'KUGCUG$NVJQWIJXGT[NKVVNGTGUGCTEJJCUDGGPFQPGQP&KPPCOQPCUCUQNWVKQPHQT2CTMKPUQP
U'KUGCUG&KPPCOQP
UJQWNF RTGUGPV CP GZEKVKPI RQUUKDKNKV[ 6JKU ,WN[ UVWF[ D[ 4WUJ 7PKXGTUKV[ /GFKECN &GPVGT
JVVRYYYUEKGPEGFCKN[EQOTGNGCUGUJVO HQWPF VJCV WUKPI EKPPCOQP ECP TGXGTUG VJG DKQOGEJCPKECN
EGNNWNCTCPFCPCVQOKECNEJCPIGUVJCVQEEWTKPVJGDTCKPUQHOKEGYKVJ2CTMKPUQPÆUFKUGCUG2'
&KPPCOQPCPF$'+'5QOGRCTGPVUCTGDGIKPKPIVQWUG&KPPCOQPCUCUWRRNGOGPVCT[VTGCVOGPVQRVKQPHQTVJGKTEJKNFTGPYKVJ
$'+'QT$'+'NKMGU[ORVQOU6JGDGUVMPQYPUVWF[QHKUUWGKUVJKUUVWF['190.1$'5$'+'ACPFAEKPPCOQPAUVWF[RFH QWV QH
6CKYCPGUG UVWF[ YJKEJ WUGF EKPPCOQP QKN CTQOVJGTCR[ 9G VCMG C FGVCKNGF NQQM QP QWT DNQI RQUV
JVVREKPPCOQPXQIWGEQODNQIEKPPCOQPHQTCFJF
a
+QOG 6GC
JVVRYYYEKPPCOQPXQIWGEQOKPFGZJVON&CTV JVVREKPPCOQPXQIWGEQOEKPPCOQPVGCJVON
JVVRYYYEKPPCOQPXQIWGEQOECTVRJR 2QYFGT
&QPVCEV75 JVVREKPPCOQPXQIWGEQOEG[NQPAEKPPCOQPARQYFGTJVON
JVVRYYYEKPPCOQPXQIWGEQOEQPVCEVAWUJVON 5VKEMU
JVVRUYYYEKPPCOQPXQIWGEQORTKXCE[AVGTOUAUJKRRKPIJVON .GCH1KN
'KUENCKOGT JVVREKPPCOQPXQIWGEQOEKPPCOQPNGCHQKNJVON
JVVRUYYYEKPPCOQPXQIWGEQOFKUENCKOGTAUVCVGOGPVJVON %CTM1KN
5GCTEJ JVVREKPPCOQPXQIWGEQOEG[NQPAEKPPCOQPADCTMAQKNJVON
JVVREKPPCOQPXQIWGEQOUGCTEJRJR )CEG/CUM
4GUGCTEJ JVVREKPPCOQPXQIWGEQOEKPPCOQPAHCEGAOCUMNJVON
JVVREKPPCOQPXQIWGEQOFQYPNQCFUJVON 6QQVJKRKEMU
%GPGHKVU JVVREKPPCOQPXQIWGEQOEKPPCOQPVQQVJRKEMUJVON
JVVREKPPCOQPXQIWGEQOEKPPCOQPEQOOQPWUGUJVON &CPFNGU
%NQIJVVREKPPCOQPXQIWGEQODNQI JVVREKPPCOQPXQIWGEQOEKPPCOQPECPFNGUJVON
&NKGPV.QIKP *KHVU 1VJGT
JVVREKPPCOQPXQIWGEQOENKGPVNQIKPRJR JVVREKPPCOQPXQIWGEQOEKPPCOQPAIKHVUACPFAQVJGTJVON
&QR[TKIJV&KPPCOQP8QIWGØPE$NNTKIJVUTGUGTXGF