Vous êtes sur la page 1sur 19

Dido y Eneas

!"#$%&#'&($#)&%*(+)&,#&-#'$.&/0$*#11&)+2$#&0'&132$#(+&
,#&4%506&7%(#&89:;<&
&
=+$+&.&>$?0#)(%&@0)3*%13%&
A3,+B&C%$%5&D%$'#)&
D#13',%B&=1%0,3%&E+1%',+&
F'#%)B&GH&I%J3#$&=#'(#'+&
A3$#*(+$&60)3*%1B&KL'%*3+&43#(+&
!
!
!
/FEC>4MIFC&
!
A3,+"!#$%$&!'$%()*!!
D#13',%"!+,$-./$!01,$(.1!
F'#%)"!23!4$5/)%!+)(6)(1!
-#*53*#$+"!7$(/),!.)!,$!8-)(6)!
C#L0',%!60N#$"!9)%:(/;$!0/1<$!
D$0N%)"!9)%:(/;$!0/1<$!=!>$%?$!.),!>1(6)!8/(.$.1!
@%$3'#$+"!@-A)!B%/;A*1(!
F)"O$3(0"!>$%6&$!>$C%1!
!
>EPQFC7M&
!
R3+13'#)"!>$%;),/(1!D$%;?$E!01;?1!F,G$(*$!
R3+1%"!7$5/.!F,)C%)!
R3+1+'*5#1+"!F*-(;/:(!!H$%%$*:!
R3+1%!,#!L%62%"!#1I?$!F,)C%)!
73+$2%!.!L03(%$$%!2%$$+*%"!>$(-),!>/(C-/,,:(!
=1%J#*O'!.!,3$#**3S'"!JC($;/1!K/)61!
!
=>E>&@QCK=MTKM&
!
C+"$%'+)"!0$L-),!8$?*E!#$%$!>)%/(1E!F/.$!D$%;?$E!>M!B-C)(/$!7?$NOBGP$%$(N$E!
J*$Q),!R,5$%)NE!>$%6&$!>$C%13!
!
=+'($%1(+)"!>M!4)*S*!@:P)NE!>:(/;$!D$%;?$E!'),T(!01.%?C-)NE!+%/*6/($!01.%?C-)NE!
F($!@1GQ$%.?$E!F($!FG)%E!#$%$!@,$(1*3!
!
7#'+$#)"!D%)C1%/1!+$*$.1E!F(61(/1!D$,5U(E!4$5/)%!2)%%)%1E!#)%C/1!!2)%(U(.)NE!
@-A)!B%/;A*1(E!VT;61%!+1%6T*E!>/C-),!R(C),!+)%)N$,E!B.-$%.1!8)W$3!
!
D%N+)"!+$%,1*!B*6TQ$()NE!41$L-?(!0/5$*E!J5U(!JC,)*/$*E!>?A),!7?$NOBGP$%$(N$E!
F,Q)%61!V)%($(.1E!J*G$),!B*;-.)%1E!9?;61%!D$,5U(3!
&
&
&
&
&
&
&
&
!

!
C>TKC7MC&
!

C%$%5&D%$'#)&U&A3,+B&B*!C%$.-$.$!)(!/(6)%P%)6$;/:(!51;$,!
.)!GS*/;$!$(6/C-$!=!G$*6)%!P1%!,$!X(/5)%*/.$.!>;D/,,!.)!
>1(6%)$,3!V$!$;6-$.1!;1G1!*1,/*6$!;1(!#6-./1!.)!>-*/L-)!
F(;/)(()!.)!>1(6%)$,E!'$(II!#-GG)%!F%6*!2)*6/5$,E!
H),)G$((!B(*)GQ,)E!Y1%)!B(*)GQ,)!=!),!2)*6/5$,!>1(6%)$,!
'$%1L-)3!B(!0)/(1!X(/.1E!<-(61!;1(!2,1%/,)C/-GE!0+>!
'$%1L-)E!=!)(!Y/($*!8,$;)E!#63!41&(*!#G/6&!#L-$%)!=!),!I)*6/5$,!
F,.)Q-%C!!2)*6/5$,3!B(!Z[[\!1Q6-51!),!6?6-,1!.)!'%/66)(O8)$%*!
]1-(C!F%6/*6!=!;$(6:!),!P$P),!.)!41*$Q)6&!)(!F6&$,/$!.)!F(.),!
;1(!0/;&$%.!BC$%%!=!$*/*6/:!$!;,$*)*!G$C/*6%$,)*!*1Q%)!,/).)%!
.)!#;&-Q)%6!;1(!+&%/*6/$(!D)%&$&)%3!V$!C%$Q$.1!;1G1!*1,/*6$!
P$%$!),!*),,1!FH>F!+,$**/L-)3!+1(!*-!;-$%6)61!P%)G/$.1!
B(*)GQ,)!@$!016$E!&$!$;6-$.1!)(!K1%6)$GT%/;$"!)(!,1*!
I)*6/5$,)*!.)!GS*/;$!$(6/C-$!.)!'1*61(!=!#)$66,)E!P$%$!,$!
#1;/).$.!.)!>S*/;$!F(6/C-$!.)!#$(!2%$(;/*;1!1!)(!),!J(./$(!
0/5)%!2)*6/5$,3!@1*!)*6-./1*!.)!#$%$&!'$%()*!&$(!*/.1!
P$6%1;/($.1*!41*)P&/()!'$A)%!H%-*6!=!),!41&(!@)^/*!
8$%6()%*&/P!F^$%.3!

GH&I%J3#$&=#'(#'+&U&F'#%)B&4$5/)%!+)(6)(1!($;)!)(!8$GP,1($!
.1(.)! ;1G/)(N$! *-*! )*6-./1*! G-*/;$,)*! )(! ),! +1(*)%5$61%/1!
_8$Q,1! #$%$*$6)`3! ! 81*6)%/1%G)(6)E! )(! ,1*! +1(*)%5$61%/1*!
#-P)%/1%)*! .)! #$,$G$(;$! =! +:%.1Q$! 1Q6/)()! ,1*! 6?6-,1*! .)!
8%1I)*1%!#-P)%/1%!.)!8).$C1C?$!>-*/;$,E!#1,I)1!=!H)1%?$!.)!,$!
>S*/;$! =! 8/$(1E! 1Q6)(/)(.1E! )(! )*6)! S,6/G1E! ,$*! GUa/G$*!
;$,/I/;$;/1()*! Q$<1! ,$! ./%);;/:(! .)! *-! G$)*6%1! F,)<$(.%1!
b$Q$,$3!7)!I1%G$!P$%$,),$!;-%*$!,1*!)*6-./1*!.)!+$(61!)(!,1*!
+1(*)%5$61%/1*! .)! @):(E! ;1(! F3! c$,6)%E! =! #$,$G$(;$E! ;1(! H3!
>$(N$(13! F*/G/*G1! E! &$! P)%I);;/1($.1! *-! 6T;(/;$! 51;$,! ;1(!
P%1I)*1%)*! =! ;$(6$(6)*! .)! %);1(1;/.1! P%)*6/C/1! ;1G1! 73!
FN-%N$E!03!9/*-*!=!#3!2)%%)%1!)(!B*P$W$!=!43!0=;&,$!)(!2%$(;/$3!
V$=! L-)! .)*6$;$%! ,$! I1%G$;/:(! %)$,/N$.$! )(! /(6)%P%)6$;/:(!
51;$,! .)! GS*/;$! Q$%%1;$! Q$<1! ,$! ./%);;/:(! .)! ! ,$! *1P%$(1! 03!
F(.-)N$! =! ),! 6/1%Q/*6$! 43! 2)%(U(.)N! '$)($3! F;6-$,G)(6)! *)!
)(;-)(6%$!6%$Q$<$(.1!6$(61!$!(/5),!.)!6T;(/;$!;1G1!.)!)*6/,1E!
.)!G$()%$!;1(6/(-$.$E!;1(!P%1I)*1%)*!.)!,$!6$,,$!.)!73!>$*1(!
=! >3! 0/)C1! )(! B*P$W$! =! 03! @)5/66! )(! '$*),! d#-/N$e3! V$!
P$%6/;/P$.1! ;1G1! *1,/*6$! ;1(! ./5)%*$*! $C%-P$;/1()*!
G-*/;$,)*! I-(.$G)(6$,G)(6)! )*P);/$,/N$.$*! )(! ,1*! P)%/1.1*!
.),! 0)($;/G/)(61! =! '$%%1;13! +1GP$C/($! *-! $;6/5/.$.!
;1(;)%6?*6/;$! =! ;1GP1*/6/5$! ;1(! ,$! .1;)(6)! )! /(5)*6/C$.1%$!
;1G1! P%1I)*1%! 6/6-,$%! .),! R%)$! .)! 7/.U;6/;$! .)! ,$! BaP%)*/:(!
>-*/;$,! .)! ,$! X(/5)%*/.$.! .)! '-%C1*! .1(.)! &$! 1Q6)(/.1! ),!
6?6-,1! .)! 71;61%! C%$;/$*! $! *-! /(5)*6/C$;/:(! *1Q%)! ,$!
P%1Q,)GU6/;$!51;$,!)(!),!;$GP1!.)!,$!.1;)(;/$3!
=1%0,3%& E+1%',+& U& D#13',%"! ($;/:! )(! '-)(1*! F/%)*3! B*!
@/;)(;/$.$! )(! F%6)*! G-*/;$,)*! =! *1(1%$*E! 1%/)(6$;/:(! )(!
+$(61E! P1%! ),! +1(*)%5$61%/1! #-P)%/1%! K$;/1($,! .)! >S*/;$E!
=!8%1I)*1%$! #-P)%/1%! K$;/1($,! .)! F%6)! P1%! J(*6/6-61!
X(/5)%*/6$%/1! K$;/1($,! .)! F%6)! .)! '-)(1*! F/%)*3! B(!
X(/5)%*/.$.! .),! 8$?*! 9$*;1E! %)$,/N:! -(! >U*6)%! )(! F%6)*! =!
+/)(;/$*!.),!B*P);6U;-,1!=!)(!,$!X(/5)%*/.$.!.)!9$,,$.1,/.!-(!
>U*6)%!)(!>S*/;$!V/*P$($3!

V$! 1I%);/.1! (-G)%1*1*! ;1(;/)%61*! )(! FGT%/;$! =! )(! B-%1P$E!


;1G1! P1%! )<)GP,1! )(! ),! H)$6%1! +1,:(! =! )(! ),! H)$6%1!
B-*A$,.-($3! V$! C%$Q$.1! ./*;1*! =! &$! P$%6/;/P$.1! ;1G1!
;$(6$(6)!=!$;6%/N!)(!:P)%$*!=!P)%I1%G$(;)*E!)(6%)!),,$*!7/.1!
=!F)()$*E!f%I)1!=!B-%/./;)E!=!H-%$(.163!#-!%)P)%61%/1!$Q$%;$!
.)*.)! ,$! GS*/;$! $(6/C-$! &$*6$! ,$! ;1(6)GP1%U()$3! V$! */.1!
.1;)(6)!-(/5)%*/6$%/$!=!P%1I)*1%$!.)!;$(61!)(!,$!X(/5)%*/.$.!
.)! '-)(1*! F/%)*! =! )(! ,$! X(/5)%*/.$.! .)! 9$,,$.1,/.3!
F;6-$,G)(6)!P)%6)();)!$!./5)%*$*!$C%-P$;/1()*!G-*/;$,)*E!=!
;1(6/(S$! *-! I1%G$;/:(! %)$,/N$(.1! *-! 6)*/*! .1;61%$,! )(! ,$!
X(/5)%*/.$.! .)! 9$,,$.1,/.! =! ;1(! *-! ;$%%)%$! .1;)(6)! )(!
B*P$W$!=!F%C)(6/($3!
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
!
!
!
!
!
!
!
!
+1(!*).)!)(!,$!+-/.$.!.)!9$,,$.1,/.E!;1G/)(N$!*-!$(.$.-%$!)(!,1*!/(/;/1*!.),!$W1!Z[[gE!
)*6U!/(6)C%$.$!P1%!$P%1a/G$.$G)(6)!5)/(6/;/(;1!G/)GQ%1*3!>-;&1*!.)!),,1*!*1(E!$!*-!
5)NE! P%1I)*1%)*! .)! GS*/;$E! ./%);61%)*! .)! 16%1*! ;1%1*! =! P)%*1($*! 5/(;-,$.$*! $! ,$!
)(*)W$(N$!G-*/;$,3!
!
V$*6$! ),! .?$! .)! &1=! ),! ;1%1! &$! P$%6/;/P$.1! )(! ;1(;/)%61*! )(! 9$,,$.1,/.! ! d_8:%6/;1! .)!
#)G$($! #$(6$`! )(! ,$! JC,)*/$! .)! #$(! >/C-),E! +$P/,,$! .)! #$(! D%)C1%/1E! JC,)*/$! .)! ,1*!
2/,/P/(1*!h!+1(C%)*1!J(6)%($;/1($,!.)!0),/C/1*/.$.!81P-,$%!)6;3eE!'-%C1*!dJC,)*/$!.)!#$(!
@)*G)*eE! 8$,)(;/$! dF-./61%/1! .)! +$<$! B*P$W$E! JC,)*/$! .)! #$(! 2%$(;/*;1eE! R5/,$!
dF-./61%/1! .)! #$(! 2%$(;/*;1eE! +U;)%)*! d2)*6/5$,! J(6)%($;/1($,! .)! >S*/;$! #$;%$eE! #1%/$!
d+)%6$G)(!P1,/I:(/;1!/(6)%($;/1($,eE!)6;3!F*/G/*G1E!&$!C%$Q$.1!-(!+7!P$%$!,$!4-(6$!.)!
+$*6/,,$! =! @):(! ;1(! G16/51! .),! +1(C%)*1! !"#$%& '$(""! ;),)Q%$.1! )(! 81%6-C$,! )(! ),! $W1!
Z[[g3!V$!%)$,/N$.1!6$,,)%)*!.)!/(6)%P%)6$;/:(!;1(!i$Q/)%!#$%$*1,$E!41*)P!8%$6*!=!4$/G)!
'-&/C$*3!
!
AKEF=7>E&
&

KL'%*3+&43#(+!@3L0#1H!B*!,/;)(;/$.1!)(!V/*61%/$!=!+/)(;/$*!.)!
,$!>S*/;$!P1%!,$!X(/5)%*/.$.!.)!9$,,$.1,/.!=!6/6-,$.1!*-P)%/1%!
.)!P/$(1!P1%!),!+1(*)%5$61%/1!8$.%)!#1,)%!)(!#$(!@1%)(N1!.),!
B*;1%/$,3!81%!16%$!P$%6)E!%)$,/N$!)*6-./1*!.)!;,$5);?(E!:%C$(1!=!
;$(61! Q$<1! ,$! 6-6),$! .)! F,I1(*1! #)Q$*6/U(! F,)C%)E! >/C-),! .),!
'$%;1! 7?$NE! #-*$($! 2)%%)%1! =! >)%;).)*! 0/)C13! F.)GU*E! &$!
%)$,/N$.1! )*6-./1*! *1Q%)! %)P)%61%/1! G-*/;$,! /(T./61! .),!
Q$%%1;1! )*P$W1,E! P-Q,/;$(.1! ),! ,/Q%1! _fQ%$*! P$%$! -($!
;1,)C/$6$3! 9/,,$(;/;1*! .),! *3! i9JJ! )(! F,L-TN$%`! =! *1Q%)! ),!
P$6%/G1(/1!1%C$(?*6/;1!.)!+$*6/,,$!=!@):(!d_j%C$(1*!Q$%%1;1*!
.)! ,$! P%15/(;/$! .)! 9$,,$.1,/.`! =! _j%C$(1*! Q$%%1;1*! .)! ,$!
7/:;)*/*!=!8%15/(;/$!.)!8$,)(;/$`e3!
V$!P$%6/;/P$.1!)(!;-%*1*!.)!G-*/;1,1C?$E!P/$(1E!P).$C1C?$!G-*/;$,E!:%C$(1!=!./%);;/:(!
)(!B*P$W$E!>Ta/;1E!V-(C%?$E!+-Q$E!#-/N$!)!J6$,/$3!V$!%);/Q/.1!;,$*)*!.)!./%);;/:(!.)!f3!
D&)%*)(*1(E!43!+$*$*E!V),G-6!0/,,/(CE!>3!K11()E!>$%6/(!#;&G/6&E!9$*;1!K)C%)/%1*E!41*)P!
+$Q%TE!'$*/,/1!F*6S,)NE!i$Q/)%!#$%$*1,$E!4$5/)%!'-*61E!D)1%C!D%k(E!)6;3!!
#-!$;6/5/.$.!;1(;)%6?*6/;$!;1G1!./%);61%E!;,$5);/(/*6$E!;$(6$(6)!1!P/$(/*6$!,)!&$!,,)5$.1!
P1%!61.$!,$!C)1C%$I?$!)*P$W1,$!=!P1%!P$?*)*!;1G1!>Ta/;1E!F,)G$(/$E!+-Q$!1!K/C)%/$3!
F;6-$,G)(6)E!./%/C)!5$%/$*!$C%-P$;/1()*!;1%$,)*!)(!,$!;/-.$.!.)!9$,,$.1,/.E!)*!P%1I)*1%!
)(! ),! D%$.1! .)! V/*61%/$! =! +/)(;/$*! .)! ,$! >S*/;$! )(! ,$! X(/5)%*/.$.! .)! 9$,,$.1,/.E!
./%/C/)(.1!$.)GU*!),!D%-P1!.)!>S*/;$!F(6/C-$!.)!)*6$!/(*6/6-;/:(3!
&
VEF=QWEAM@FX&@YC&>TRKAM&@K&AFC7K4>Z&U&@H&Y'L#1&=#$#[%1&G#$'\',#[&
!
! 7)!(-)51!$(6)!(1*16%1*!,$!)6)%($!,-;&$!.)!,$*!P$*/1()*!&-G$($*3!B*6$!5)N!Q$<1!,$!
I1%G$! .)! -($! :P)%$! 5)%.$.)%$G)(6)! $;)%6$.$! )(! ;-$(61! $! Q%)5).$.! =! P%);/*/:(!
.%$GU6/;$!.)!*-!,/Q%)613!K1!;$Q)!.-.$!.)!L-)!)*6$G1*!$(6)!,$!:P)%$!.)!&$Q,$!/(C,)*$!
GU*! P1P-,$%! .)! ,$! V/*61%/$! .)! ,$! >S*/;$E! -($! 1Q%$! L-)! ;1(*)%5$! -(! ,-C$%! .)! &1(1%!
)(6%)!,$*!P%1.-;;/1()*!.)!61.$*!,$*!C%$(.)*!;1GP$W?$*!)-%1P)$*3!#/!$!),,1!,)!-(/G1*!),!
&);&1! .)! *)%! ,$! 6%$C)./$! )(! GS*/;$! L-)! G)<1%)*! %)*-,6$.1*! I1%G$,)*! ! &$! .$.1! )(! *-!
CT()%1E! $,! G)(1*! &$*6$! ,$! ,,)C$.$! .),! )*+*(& ,("-*%& .)! '%/66)(E! 6%)*! */C,1*! GU*! 6$%.?1E!
6)(.%)G1*!,$!%);)6$!P$%$!-(!Ta/61!1P)%?*6/;1!$*)C-%$.13!K1!P1.)G1*!()C$%E!)(!;$GQ/1E!
L-)! ,1*! P%1Q,)G$*! )./61%/$,)*! L-)! &$! *-I%/.1! )*6$! 1Q%$! P1.%?$(! &$Q)%! */.1! GU*! L-)!
*-I/;/)(6)*!P$%$!$(-,$%,$!.),!P$(1%$G$!G-*/;$,"!P$%$!)GP)N$%E!(1!*)!;1(*)%5$!(/(CS(!
G$(-*;%/61!$-6:C%$I1!.)!,$!P$%6/6-%$l!),!P%:,1C1!*)!&$!P)%./.1!;1GP,)6$G)(6)l!=E!P$%$!
;1,G1E!($./)!P-).)!)*6$%!*)C-%1!)(!;-$(61!$!,$*!P$-6$*!$!*)C-/%!$!,$!&1%$!.)!./5/./%!,1*!
$;61*E!1!)(!;-$(61!$!*/!,$*!.$(N$*!;1(*/C($.$*!*1(!/GP%)*;/(./Q,)*!=!();)*$%/$*!P$%$!),!
6%$(*;-%*1! .)! ,$! 1Q%$3! @$! P%1P-)*6$! L-)! &1=! *)! 5)%U! )*! %),$6/5$G)(6)! ,/Q%)! $! )*)!
%)*P);61! )*;)(1C%UI/;1E! =$! L-)! *)! $.&/)%)! $! -(! 6/P1! ./I)%)(6)! .)! %)P%)*)(6$;/:(E! ,$!
.*(%"/#& 01#0"*(+1E! L-)! )GP,)$%U! G1G)(61*! .)! .%$G$6/N$;/:(E! P)%1! (1! -($! P-)*6$! )(!
)*;)($!1P)%?*6/;$!P%1P/$!.),!6)$6%13!K1!)*!16%1!(-)*6%1!1Q<)6/51!*/(1!),!.)!P%)*)(6$%,)*!
,$! P$%6/6-%$! ;1(! I/.),/.$.! )(! )*6)! 6/P1! .)! .*(%"/#! 6$(! S6/,! )(! ,$! ();)*$%/$! 6$%)$! .)!
./I-*/:(! ;-,6-%$,! I-)%$! .)! ,1*! ;/%;-/61*! .)! ,1*! C%$(.)*! 6)$6%1*! =! ,$*! C%$(.)*!
P%1.-;;/1()*3!
! B(! ;-$(61! $! ,$! GS*/;$! .)! 8-%;),,! 5)G1*! ;:G1! *)! ;)(6%$! )(! ,1! I-(.$G)(6$,E!
P%)*;/(./)(.1! .)! ;/%;-(*6$(;/$*! ($%%$6/5$*! *);-(.$%/$*! 1! .)! -(! 6%$(*I1(.1! )*;T(/;1!
L-)! P-./)%$! $P$%6$%! ,$! $6)(;/:(! .)! ,1! P%/G1%./$,E! P)%1! ;1(*/C-/)(.1E! */(! )GQ$%C1E!
)5/6$%!,$!Q$($,/.$.!=!,$!I$,6$!.)!1%/C/($,/.$.3!B(!,$!Q%)5).$.!=!$P$%)(6)!()-6%$,/.$.!.)!
)*6$! 1Q%$! *)! )(;-)(6%$! .)*P-T*! ),! P1.)%! )G16/51! .)! G1G)(61*! ;-,G/($(6)*! L-)E!
.)*P1<$.1*! .)! 1Q<)6/51*! 6%$(*5)%*$,)*E! ,1C%$(! ;1(.)(*$%! ,$! $6)(;/:(! =! )G1;/1()*! .),!
1=)(6)"!&$Q,$G1*!.)!)*;)($*!6$(!.%$GU6/;$*!;1G1!),!,$G)(61!.)!7/.1!23*#&4&5-&65"7&
"#&*5(+3E!1!*-!$(6)%/1%!./*;-*/:(!;1(!B()$*3!
! 81%!*-!P$%6)E!),!6)a61!.)!K$&-G!H$6)!O.%$G$6-%C1!L-)!&$Q?$!6%$Q$<$.1!*-!I$G$!=!
*-!$%6)!%))*;%/Q/)(.1!=!$.$P6$(.1!,/Q%)61*E!)(6%)!16%1*!.),!C%$(!#&$A)*P)$%)E!.-%$(6)!
,$!);,1*/:(!6)$6%$,!)(!J(C,$6)%%$!P1*6)%/1%!$!,$!P%1&/Q/;/:(!)*;T(/;$!.)!,$!0)P-Q,/;$!.)!
+%1G^),,O!)*!5/%6-$,G)(6)!P)%I);61!=!;1(.)(*$!*/(!)*6%/.)(;/$*!(/!%-P6-%$*!$I);61*!6$(!
)(I%)(6$.1*!)(6%)!*?!L-)!*)!./%?$!)*6$%!$*/*6/)(.1!$!,$!5/.$!G/*G$E!.)!(1!*)%!P1%L-)!,$!
5/.$!(-(;$!*)!$6%)5)%?$!$!6$(613!B,!.%$G$E!)(!)*6$!1Q%$E!P%15/)()!.)!-(!P)%*1($<)!L-)!
(1!6/)()!51NE!L-)!(/!*/L-/)%$!$P$%);)E!P)%1!L-)!,1!;1(6%1,$!61.1!.)*.)!*-!1G(/P16)(;/$3!
B*! ),! 7)*6/(1E! ),! C%$(! 1%.)($G/)(61! P%)5/1! .),! ;-%*1! .)! ,$! 5/.$E! .)! ;-=$! $;)P6$;/:(!
P%15/)()(!,$*!$,)C%?$*!=!,$*!C%$(.)*!6%/*6)N$*3!F*?!*-;).)!P$%$!B()$*E!L-)!*)!.)<$!,,)5$%!
P1%!,1*!.)*)1*!.)!,1*!./1*)*E!=!P$%$!7/.1E!L-)E!GU*!Q/)(!$,!;1(6%$%/1E!*/)(6)!),!I-6-%1!=$!
.)*.)! ),! P%/(;/P/1! ;1G1! -(! ()C%1! (-Q$%%:(! .)! P%)*$C/13! ! 8$%$! T,E! ),! .)*6/(1! )*! -($!
<-*6/I/;$;/:(! .)! *-*! $;61*E! -($! *-)%6)! .)! Q)(./;/:(! L-)E! P)*)! $! ;$-*$%! P-(6-$,)*!
*-I%/G/)(61*E!;1(.-;)!$!,$!5/.$3!8$%$!),,$E!)*!-($!P)*$.$!,1*$!L-)!6%$)%U!,$!G-)%6)E!P)*)!
$!&$Q)%*)!$6%)5/.1!$!.)*$I/$%!,1!)*;%/61!.)<U(.1*)!,,)5$%!P1%!,$*!P$*/1()*!P%1G)6/.$*!
P1%!),!6%1=$(13!
! 8$%$!,$*!&)%1?($*!.)!:P)%$E!,$!G-)%6)!(-(;$!)*!*-I/;/)(6)3!8)%1!&)G1*!.)!.);/%!
L-)!6$GP1;1!)%$!();)*$%/$3!F*?E!5)G1*!*-;-GQ/%!P1%!G16/51*!P%1I-(.1*!P)%1!)5/6$Q,)*!
$! C%$(.)*! P)%*1($<)*! .)! ,$! )*;)($E! ;1G1! (-)*6%$! 7/.1E! L-)! P1%! )*$! I)! )(! *-! I$6$,! =!
P)%*1($,!6%$C)./$!*)!5)!1Q,/C$.$E!1!$*?!,1!;%))E!$!$;)P6$%!-($!G-)%6)!L-)!(1!;1(.-;?$!$!
(/(CS(!*/6/1!GU*!L-)!$!,$!/(G1%6$,/.$.!L-)!&1=!(1*!,$!6%$)!$L-?3!]!),,$!,1!*$Q)E!P-)*!*-*!
S,6/G$*!P$,$Q%$*!$&1(.$(!)(!)*)!*)(6/.1"!
!
89*-*-:*(&-*;&:$+&<1(=*+&->&?5+*@&
d_0);-T%.$G)E!G$*!1,5/.$!G/!7)*6/(1`e!
!
B*!)*6$!,$!C%$(.)N$!.)!,$*!&/*61%/$*!)6)%($*"!L-)!%)P%)*)(6$(!$L-),,1!L-)!.)!)6)%(1!*)!
$,1<$! )(! (1*16%1*3! F-(L-)! (1! */)GP%)! *)$! ,1! GU*! .)*)$Q,)3! ]! G/)(6%$*! *)$G1*!
&1GQ%)*E! ,$! &/*61%/$! .),! 8%?(;/P)! .)! H%1=$! =! ,$! 0)/($! .)! +$%6$C1E! (1*! &$%U! *)(6/%(1*!
/.)(6/I/;$.1*!$-(L-)!*)$!.-%$(6)!-(!Q%)5)!G1G)(61!;1(!$,C-(1!.)!,1*!)*6$.1*!P1%!,1*!
L-)!$GQ1*!P$*$(3!H1.1*!*1G1*!P16)(;/$,)*!7/.1*!1!B()$*3!8)%1!(1!6)%G/()G1*E!;1G1!
),,$!&$;)E!$P),$(.1!$,!P%1P/1!7)*6/(1E!P1;1!$(6)*!.)!)aP/%$%E!;1G1!S,6/G1!%)I-C/1!P$%$!
,1*!.)*./;&$.1*3!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
CK4>/CKC&ME]Q@F47MT&
@$!$;;/:(!6/)()!,-C$%!)(!+$%6$C1E!)(!TP1;$!G?6/;$!
!
M=7>& K3O! B(! *-! P$,$;/1E! ,$! 5/-.$! 7/.1! (1! *)! $6%)5)! $! .);,$%$%,)! $! B()$*! ),! $G1%! L-)!
*/)(6)!P1%!T,3!'),/(.$E!*-!&)%G$($E!$;1GP$W$.$!P1%!-(!*TL-/61!.)!;1%6)*$(1*E!6%$6$!.)!
$(/G$%!$!*-!%)/($E!P-)*!;%))(!L-)!),!$G1%!L-)!T*6$!*/)(6)!P1%!B()$*!dL-)E!I-C/6/51!.)!
H%1=$E!&$!)(;1(6%$.1!$*/,1!)(!+$%6$C1e!)*!,$!;$-*$!.)!,$!/(I),/;/.$.!.)!7/.13!2/($,G)(6)!
,1C%$(!;1(5)(;)%,$!.)!L-)!),!P%?(;/P)!6$GQ/T(!,$!$G$3!81%!),,1E!/(*6$(!$!L-)!*)!)(,$;)(!
)(!G$6%/G1(/1!=!*)!-($(E!$*?E!,1*!6%1(1*!.)!+$%6$C1!=!H%1=$3!B(6%$!)(!)*;)($!B()$*!=!
.);,$%$! *-! $G1%E! ;-=1! 6%/-(I1! ;),)Q%$! ,$! GS*/;$E! )(! 6$(61! L-)! ,1*! ;1%6)*$(1*! P$%6)(!
P$%$!-($!;$;)%?$3!
!
M=7>&KKH8!+-$.%1!J3!B(!-($!;$5)%($E!-(!&);&/;)%1E!)()G/C1!.)!,$!%)/($E!.)*)$!*)P$%$%,$!
.)! B()$*! =! .)*)(;$.)($%! ,$! ;$?.$! .)! +$%6$C13! 8$%$! ),,1E! $=-.$.$! P1%! GU*! Q%-<$*E!
;1(51;$!$!,1*!G$,1*!)*P?%/6-*!=!.);/.)(!;1(I-(./%!$!,$!%)/($!7/.1E!)(5/U(.1,)!-(1!;1(!
I1%G$! .)! ./1*! >)%;-%/1E! P$%$! 1%.)($%! $! B()$*! $Q$(.1($%! +$%6$C1! P1%! G$(.$61! .),!
G/*G1! 4SP/6)%3! >)./$(6)! -(! ;1(<-%1E! ,$*! Q%-<$*! .)*)(;$.)($(! -($! 61%G)(6$! P$%$!
/(6)%%-GP/%!,$!;$;)%?$!1%C$(/N$.$!P1%!7/.1!)(!&1(1%!.)!B()$*3!
!
+-$.%1!JJ3!@1*!$G$(6)*!=!*-!*TL-/61!)*6U(!.)!;$;)%?$3!'),/(.$!/(/;/$!,1*!;$(61*!.)!)*6$!
)*;)($!P$*61%$,3!@$*!.1(;),,$*!.)!7/.1!.$(N$(!$(6)!B()$*E!L-/)(!G-)*6%$!,$!;$Q)N$!.)!
-(! $(/G$,! L-)! &$! ;$N$.13! @$! ;$;)%?$! *)! 5)! /(6)%%-GP/.$! P1%! ,$! 61%G)(6$3! H1.1*!
%)C%)*$(! $! ,$! ;/-.$.E! )a;)P61! B()$*E! $! L-/)(! *)! $P$%);)! P1%! ,$*! $%6/G$W$*! .),!
&);&/;)%1E! ),! )*P?%/6-! ;1(! $P$%/)(;/$! .)! >)%;-%/1! $(-(;/U(.1,)! L-)! 4SP/6)%! ,)! 1%.)($!
$Q$(.1($%!,1*!P,$;)%)*!.),!$G1%!=!)GQ$%;$%!)*$!G/*G$!(1;&)E!%);1%.U(.1,)!$!B()$*!
L-)!.)Q)!P%1*)C-/%!*-!.)*6/(1!%-GQ1!$!J6$,/$3!B()$*!,$G)(6$!),!G$(.$61!.),!./1*E!P)%1!
,1!$;)P6$3!
!
M=7>&KKKH8!B(!),!P-)%61!.)!+$%6$C1E!,1*!G$%/()%1*!.)!B()$*E!)(!,$*!($5)*E!*)!P%)P$%$(!
P$%$!,$!P$%6/.$l!;$(6$(E!;1(!-(1!.)!),,1*!;1G1!*1,/*6$E!-($!;$(;/:(!;-=1*!6)G$*!*1(!,1*!
L-)! /(G)G1%/$,G)(6)! 5/)()(! %),$;/1($.1*! ;1(! *-! 1I/;/13! @$*! Q%-<$*! 1Q*)%5$(! ),!
)*P);6U;-,1!;1(!%)C1;/<1E!=!)(61($(!-(!;1%1!L-)!$,-.)!$!*-*!*)(6/G/)(61*!5)(C$6/51*!
;1(6%$! 7/.1! Q$<1! *-! 16%1! (1GQ%)E! B,/*$3! B()$*! )*6U! $! P-(61! .)! $Q$(.1($%! $! 7/.13! B,!
P,$(!.)!,$*!Q%-<$*!)*!&-(./%!,$!I,16$!=!),!I/(!.)!+$%6$C13!B(6%$!7/.1!G-)%6$!.)!.1,1%!$,!
*$Q)%! L-)! B()$*! 5$! $! $Q$(.1($%,$3! B,! P%?(;/P)! /(6)(6$! ;1(5)(;)%! $! ,$! %)/($! .)! L-)!
*/C-)! ),! G$(.$61! .)! ,1*! ./1*)*3! 7/.1E! .);)P;/1($.$E! *-C/)%)! $! B()$*! L-)! ;-GP,$! *-!
.)*6/(13! B,! P%?(;/P)! 6%1=$(1E! $,! G$(.1! .)! *-*! ($5)*E! P$%6)! .)! +$%6$C13! @$! *1Q)%$($!
*$Q)!L-)!6%$*!*-!P$%6/.$!*:,1!,)!L-).$!,$!G-)%6)3!7/.1!L-).$!$Q$(.1($.$!)(!G)./1!.)!
*-!%)/(1!.)*1,$.13!#1Q%)!*-!;$.U5)%!$P$%);)!+-P/.1!L-)!,,1%$!*-!G-)%6)!=!*)!,$G)(6$!
.)!*-!$G1%!6$(!.)*C%$;/$.13!
!
!
!
!
!
!
!
!
TKDEF7>&
!
!AKA>&%',&MF4FMC& AKA>&.&F4FMC&
& &
>-*/;"!V)(%=!8-%;),,!dmgnoOmgone! >S*/;$"!V)(%=!8-%;),,!dmgnoOmgone!
c1%.*"!K$&-G!H$6)!dmgnZOmpmne! @/Q%)61"!K$&-G!H$6)!dmgnZOmpmne!
! H%$.-;;/:(3"!0$L-),!8$?*!
! &
f5)%6-%)! fQ)%6-%$!
! !

M=7&&K! M=7>&&K&
& !
C*#'#&B&75#&/%1%*#! F)*#'%&B&F1&/%1%*3+&
A'"71;&B*6"#75&5#7&+(5"#C& A'"71;&B*6"#75&>&*6&%DE$"+1C&
& &
DFTK4AM! DFTK4AM&
#&$A)!6&)!;,1-.!I%1G!1II!! F,)<$!,$*!P%)1;-P$;/1()*!
=1-%!Q%1^E! .)!6-!G)(6)E!!!!!!!
I$6)!=1-%!^/*&)*!.1)*!$,,1^3! ),!.)*6/(1!P)%G/6)!6-*!.)*)1*l!
BGP/%)!C%1^/(CE! ;%);)!),!/GP)%/1E!
P,)$*-%)*!I,1^/(CE!!!! $I,1%$(!,1*!P,$;)%)*E!!
I1%6-()!*G/,)*!$(.! ,$!I1%6-($!*1(%?)!=!$*?!
*1!*&1-,.!=1-3! .)Q/)%$*!&$;)%,1!6S3!
& !
=->EQC! =>E>&
'$(/*&!*1%%1^E!! 7)*6/)%%$!,$!6%/*6)N$E!
Q$(/*&!;$%)E! .)*6/)%%$!,$!/(L-/)6-.E!!
C%/)I!*&1-,.!()q)%! ,$!$I,/;;/:(!(1!.)Q)%?$!
$PP%1$;&!6&)!I$/%3! $P%1a/G$%*)!$!,$!;1%6)3!
& !
AKA>! AKA>&
F&r!'),/(.$E!J!$G!P%)**q.! F=E!'),/(.$r!>)!1P%/G)!
^/6&!61%G)(6!! -(!61%G)(61!/(;1(I)*$Q,)E!
(16!61!Q)!;1(I)**q.E! ,$!P$N!=!=1!(1*!&)G1*!&);&1!!
P)$;)!$(.!J!! )a6%$W$*3!
$%)!*6%$(C)%*!C%1^(3! @$(C-/.);)%T!&$*6$!
J!,$(C-/*&!6/,,!! L-)!G/!P)*$%!*)$!;1(1;/.1E!!
G=!C%/)I!/*!A(1^(E! $-(L-)!(1!.)Q/)%$!(/!*-P1()%*)3!
=)6!^1-,.!(16!&$5)!/6!C-)**q.3! !
& !
DFTK4AM! DFTK4AM&
D%/)I!/(;%)$*)*!Q=!! @$!$I,/;;/:(!$-G)(6$!$,!
;1(;)$,/(C3! 1;-,6$%,$3&
& &
AKA>! AKA>&
>/()!$.G/6*!1I!(1!! @$!G?$!(1!$.G/6)!
%)5)$,/(C3! %)5),$;/:(3!
& !
DFTK4AM! DFTK4AM&
H&)(!,)6!G)!*P)$Al!! B(61(;)*E!.T<$G)!&$Q,$%"!!
6&)!H%1<$(!C-)*6! ),!&-T*P).!6%1=$(1!
/(61!=1-%!6)(.)%!! &$!/(5$./.1!6-*!6/)%(1*!
6&1-C&6*!&$*!P%)**q.l! P)(*$G/)(61*l!!
6&)!C%)$6)*6!Q,)**/(C!! )*!,$!G$=1%!Q)(./;/:(!!
2$6)!;$(!C/5)! L-)!),!.)*6/(1!P-).)!.$%!!!
1-%!+$%6&$C)!61!*);-%)!! P$%$!$I/$(N$%!(-)*6%$!+$%6$C1!
$(.!H%1=!%)5/5)3! =!%)5/5/%!H%1=$3!
! !
=->EQC! =>E>!
c&)(!G1($%;&*!-(/6)E! t-T!I),/;)*!*1(!,1*!G1($%;$*!!
&1^!&$PP=!6&)/%!*6$6)E! ;-$(.1!*)!-()(E!!!
6&)=!6%/-GP&!$6!1(;)!1q)%! 6%/-(I$(!$!,$!5)N!!
6&)/%!I1)*!$(.!6&)/%!I$6)3! *1Q%)!,1*!)()G/C1*!=!),!.)*6/(13!
& &
AKA>! AKA>!
c&)(;)!;1-,.!*1!! u7)!.:(.)!P-).)!$I,1%$%!
G-;&!5/%6-)!*P%/(Cs! 6$(6$!5/%6-.s!
c&$6!*61%G*E!! vt-T!C-)%%$*E!!
^&$6!Q$66,)*!./.!&)!*/(Cs! L-T!Q$6$,,$*!(1*!&$!%)I)%/.1r!
F(;&/*)*q!5$,1-%!G/aq.!! B(!T,!;1(I,-=)(!!
^/6&!9)(-*q!+&$%G*E! ),!5$,1%!.)!F(L-/*)*!!
&1^!*1I6!/(!P)$;)E! =!),!)(;$(61!.)!9)(-*3!
$(.!=)6!! vt-T!.-,;)!)(!,$!P$N!=E!*/(!)GQ$%C1E!
&1^!I/)%;)!/(!$%G*r! L-T!I/)%1!)(!,$*!$%G$*r!
& &
DFTK4AM! DFTK4AM!
F!6$,)!*1!*6%1(C!! X($!($%%$;/:(!6$(!5/C1%1*$!!
$(.!I-,,!1I!^1)! =!,,)($!.)!$I,/;;/:(E!
G/C&6!G),6!6&)!%1;A*! P1.%?$!$Q,$(.$%!,$!%1;$E!
$*!^),,!$*!=1-3! .)Q/)%$!$Q,$(.$%6)!$!6/3!
c&$6!*6-QQ1%(!&)$%6!! ut-T!6)%;1!;1%$N:(!!
-(G15q.!;1-,.!*))!! P1.%?$!P)%G$();)%!/GP$*/Q,)!
*-;&!./*6%)**E! $(6)!6$(61!P)*$%E!!
*-;&!P/)6=s! 6$(6$!.)51;/:(s!
& &
AKA>! AKA>!
>/()!^/6&!*61%G*! B,!G?1!1P%/G/.1!!
1I!;$%)!1PP%)**q.! ;1(!C%$(!;-/.$.1!!
/*!6$-C&6!61!P/6=! )*6U!)(*)W$.1!$!;1GP$.);)%!!
6&)!./*6%)**q.3! $!,1*!$I,/C/.1*3!
>)$(!^%)6;&)*q! B,!.1,1%!.)!,1*!.)*./;&$.1*!G/*)%$Q,)*!!!
C%/)I!;$(!61-;&E! 61;$!G/!P);&1!
*1!*1I6E!! 6$(!*-$5)!=!;1(*;/)(6)G)(6)l!
*1!*)(*/Q,)!G=!Q%)$*6E! P)%1E!v$=rE!G)!6)G1!L-)!!
'-6!$&r!! ;1GP$.)N;1!),!*-=1!)(!.)G$*?$3!
J!I)$%E!J!P/6=!&/*!611!G-;&3! !
!
DFTK4AMX&CF=>4A&^>@M4! DFTK4AMX&CF]Q4AM&@QIFE!
A9*F*5+*7&:>&031($%C! AG6&01(1&(*F"+*C!
2)$%!(1!.$(C)%!61!)(*-)E! K1!6)G$*!(/(CS(!P),/C%1!$,!$*)C-%$%E!
6&)!&)%1!,15)*!$*!^),,!$*!=1-E! ),!&T%1)!$G$!;1G1!6SE!
)5)%!C)(6,)E!)5)%!*G/,/(CE! */)GP%)!$G$Q,)E!*/)GP%)!*1(%/)(6)E!
$(.!6&)!;$%)*!! =!$;)P6$(.1!!
1I!,/I)!Q)C-/,/(CE! ,$*!/(L-/)6-.)*!.)!,$!5/.$E!
+-P/.*!*6%)^!=1-%!P$6&!^/6&!! +-P/.1!;-Q%)!6-!*)(.$!!
I,1^)%*! .)!I,1%)*E!
D$6&)%q.!I%1G!B,=*/$(!Q1^)%*3! %);1C/.$*!)(!,1*!)GP$%%$.1*!B,?*)1*3!
! !
AH*#*5%&*#+*(%&I"+3&3"%&+(5"#C! AG#*5%&*#+(5&01#&%$&%DE$"+1C&
& &
& !
DFTK4AM! DFTK4AM!
#))E!=1-%!%1=$,!C-)*6!$PP)$%*E! >/%$E!,,)C$!6-!&-T*P).!%)$,l!
&1^!C1.,/A)!/*!! vL-T!*)G)<$(6)!)*!$!,1*!./1*)*!!
6&)!I1%G!&)!Q)$%*r! )(!*-!P1%6)r!
& !
MF4FMC! F4FMC!
c&)(E!%1=$,!I$/%E!! u+-U(.1E!&)%G1*$!#)W1%$E!!
*&$,,!J!Q)!Q,)**q.! *)%T!Q)(.);/.1!;1(!!
^/6&!;$%)*!1I!,15)!! /(L-/)6-.)*!.)!$G1%!
$(.!*6$6)!./*6%)**q.s! =!)*6$.1!$I,/C/.1s!
& !
AKA>! AKA>!
2$6)!I1%Q/.*!! B,!.)*6/(1!P%1&?Q)!!
^&$6!=1-!P-%*-)3! ,1!L-)!6S!P)%*/C-)*3!
& !
MF4FMC! F4FMC!
F)()$*!&$*!(1!I$6)!! vB()$*!(1!6/)()!GU*!.)*6/(1!!
Q-6!=1-r! L-)!6Sr!
@)6!7/.1!*G/,)!$(.!Jq,,!.)I=! #1(%?$!7/.1!=!=1!.)*$I/$%T!!
6&)!I))Q,)!*6%1A)!1I!7)*6/(=3! ),!.TQ/,!$N16)!.),!.)*6/(13!
& !
=->EQC! =>E>!
+-P/.!1(,=!6&%1^*!6&)!.$%6! +-P/.1!*:,1!,$(N$!,$!I,);&$!
6&$6q*!.%)$.I-,!! L-)!)*!I$6$,!!
61!$!^$%%/1%q*!&)$%6E! $,!;1%$N:(!.)!-(!C-)%%)%1E!!
$(.!*&)!6&$6!^1-(.*!;$(!! =!),,$!L-)!/(I,/C)!&)%/.$*!!
1(,=!;-%)!! )*!,$!S(/;$!L-)!P-).)!;-%$%!!
6&)!*G$%63! ),!.1,1%3!
! !
MF4FMC! F4FMC!
JI!(16!I1%!G/()E!I1%!BGP/%)q*!*$A)E! #/!(1!)*!P1%!G?E!*)$!P1%!),!/GP)%/1E!
*1G)!P/6=!1(!=1-%!,15)%!6$A)l! 6)(!$,C1!.)!P/).$.!;1(!6-!$G$.1l!
F&r!G$A)!(16E!! v$=rE!(1!&$C$*!L-)!
/(!$!&1P),)**!I/%)E! -(!&T%1)!;$/C$!!
$!&)%1!I$,,E!! )(!),!I-)C1!.)!,$!.)*)*P)%$(N$!
$(.!H%1=!1(;)!G1%)!)aP/%)3! !=!L-)!H%1=$!)aP/%)!-($!5)N!GU*3!
& !
DFTK4AM! DFTK4AM!
8-%*-)!6&=!;1(L-)*6E!@15)l! 8%1*/C-)!6-!;1(L-/*6$E!v1&E!FG1%rl!
&)%!)=)*!;1(I)**!6&)!I,$G)! *-*!1<1*!;1(I/)*$(!,$!,,$G$!
&)%!61(C-)!.)(/)*3! L-)!*-!,)(C-$!(/)C$3!
& !
=->EQC! =>E>!
H1!6&)!&/,,*!$(.!6&)!5$,)*E!61!6&)! F!,$*!;1,/($*!=!$!,1*!5$,,)*E!
%1;A*!$(.!6&)!G1-(6$/(*E! $!,$*!%1;$*!=!$!,$*!G1(6$W$*E!
61!6&)!G-*/;$,!C%15)*!$(.!6&)!;11,! $!,1*!Q1*L-);/,,1*!,,)(1*!.)!GS*/;$!
*&$.=!I1-(6$/(*3! =!$!,$*!I%)*;$*!=!-GQ%?$*!I-)(6)*3!
@)6!6&)!6%/-GP&*!1I!,15)!$(.!1I! >1*6%)G1*!,1*!6%/-(I1*!.),!$G1%!
Q)$-6=!Q)!*&1^(3! =!.)!,$!Q),,)N$3!
D1!%)5),E!=)!+-P/.*E! 7),T/6$6)E!6SE!+-P/.1E!!
6&)!.$=!/*!=1-%!1^(3! ),!.?$!1*!P)%6)();)3!
& !
7-F&7EKQ@/-K4]&AM4=F! AM4_M&7EKQ4GMT!

& &
M=7&&KK! M=7>&&KK!
& !
C*#'#&9B&75#&=%J#! F)*#'%&9B&T%&=0#J%!
! !
A*#+*(&%1(0*(*%%C! AG#+(5&65&3*03"0*(5C!
& !
/EFTQAF&G>E&7-F&^K7=-FC! /EFTQAK>&/MEM&TMC&DEQIMC!
& !
C>E=FEFCC! -F=-K=FEM!
c$=^$%.!*/*6)%*E!! H%$5/)*$*!&)%G$($*E!51*16%$*!L-)!
=1-!6&$6!I%/C&6!! )(!,$!(1;&)!$6)G1%/NU/*!
6&)!,1(),=!6%$5),,)%!Q=!(/C&63! $,!5/$<)%1!*1,/6$%/13!
c&1E!! t-)E!!
,/A)!./*G$,!%$5)(*!;%=/(CE! ;1G1!6)()Q%1*1!;-)%51!L-)!C%/6$E!!
Q)$6!6&)!^/(.1^*!! C1,P)$/*!,$*!5)(6$($*!!
1I!6&)!.=/(CE! .),!$C1(/N$(6)E!
FPP)$%r!FPP)$%!$6!G=!;$,,E!$(.! v$;-./.rE!$;-./.!$!G/!,,$G$.$E!!
*&$%)!/(!6&)!I$G)! =!;1GP$%6/.!,$!I$G$!!
1I!$!G/*;&/)I!*&$,,!G$A)!! .)!-(!G$,!L-)!&$%U!!
$,,!+$%6&$C)!I,$G)3! L-)!61.$!+$%6$C1!$%.$3!
FPP)$%r! vF;-./.r!
! !
A*#+*(&*#035#+(*%%*%C! AG#+(5#&65%&:($J5%C!
& !
GKEC7&^K7=-! /EK@FEM&DEQIM!
#$=E!'),.$GE!! 7/E!'),.$G)E!!
*$=!^&$6q*!6&=!^/,,3! u./(1*!;-U,!)*!6-!51,-(6$.s!
& !
=->EQC! =>E>!
V$%Gq*!1-%!.),/C&6!! B,!.$W1!)*!(-)*6%1!.),)/6)!!
$(.!G/*;&/)I!$,,!1-%!*A/,,3! =!),!G$,!61.$!(-)*6%$!&$Q/,/.$.3!
& !
C>E=FEFCC! -F=-K=FEM!
H&)!t-))(!1I!+$%6&$C)E! @$!%)/($!.)!+$%6$C1E!$!,$!L-)!
^&1G!^)!&$6)E! 1./$G1*E!$,!/C-$,!L-)!$!61.1*!$L-),,1*!
$*!^)!.1!$,,!/(!P%1*Pq%1-*!*6$6)E! )(!P%:*P)%1!)*6$.1E!!
)%)!*-(*)6E! $(6)*!.)!,$!P-)*6$!.),!*1,E!!
*&$,,!G1*6!^%)6;&).!P%15)E! *)!5)%UE!*/!)*!L-)!P-).)!)a/*6/%!!
.)P%/5q.!1I!I$G)E!! G$=1%!/(I1%6-(/1E!!
1I!,/I)!! P%/5$.$!.)!I$G$E!!
$(.!,15)r! .)!5/.$!=!.)!$G1%r!
& !
=->EQC! =>E>!
V1E!&1E!&1E!&1E!&1E!&1r! v4$E!<$E!<$r!v4$E!<$E!<$r!
! !
7^>&^K7=-FC! A>C&DEQIMC!
0-/(q.!)%)!6&)!*)6!1I!*-(s! uV-(./.$!$(6)*!.)!L-)!;$/C$!
H),,!-*E!! ),!*1,s!
&1^!*&$,,!6&/*!Q)!.1()s! 7/(1*E!u;:G1!&$!.)!&$;)%*)s!
& !
C>E=FEFCC! -F=-K=FEM!
H&)!H%1<$(!8%/(;)E!! B,!P%?(;/P)!6%1=$(1E!=$!*$QT/*E!!
=1-!A(1^E!/*!Q1-(.!Q=!2$6)!! )*6U!1Q,/C$.1!P1%!),!.)*6/(1!!
61!*))A!J6$,/$(!C%1-(.l! $!Q-*;$%!6/)%%$!/6$,/$($l!
H&)!t-))(!$(.!&)!! $&1%$!,$!%)/($!=!T,!!
$%)!(1^!/(!;&$*)3! )*6U(!.)!;$;)%?$3!
! !
GKEC7&^K7=-! /EK@FEM&DEQIM!
V$%Ar!V$%Ar!! vB*;-;&$.r!vB*;-;&$.r!!
6&)!;%=!;1G)*!1(!$P$;)3! B,!)*6%-)(.1!,,)C$!;1(!P%1(6/6-.3!
! !
C>E=FEFCC! -F=-K=FEM!
'-6E!^&)(!6&)=q5)!.1()E! 8)%1E!;-$(.1!&$=$(!$;$Q$.1E!
G=!6%-*6=!B,IE! G/!,)$,!.-)(.)E!!
/(!I1%G!1I!>)%;-%=!! 61G$(.1!,$!I1%G$!!
&/G*),IE! .),!G/*G1!>)%;-%/1E!;1G1!*/!I-)%$!
$*!*)(6!I%1G!415)!! )(5/$.1!P1%!4SP/6)%E!!
*&$,,!;&/.)!&/*!*6$=E! %)P%1;&$%U!*-!P)%G$()(;/$!!
$(.!;&$%C)!&/G!! =!,)!/(*6$%U!$!
*$/,!61(/C&6!! &$;)%*)!$!,$!G$%!)*6$!(1;&)!!
^/6&!$,,!&/*!I,))6!$^$=3! ;1(!61.$!*-!I,16$3!
! !
=->EQC! =>E>!
V1E!&1E!&1E!&1E!&1E!&1r! v4$E!<$E!<$r!v4$E!<$E!<$r!
! !
7^>&^K7=-FC! A>C&DEQIMC!
'-6!! 8)%1!$(6)*!!
)%)!^)!6&/*!P)%I1%GE! .)!L-)!,,)5)G1*!)*61!$!;$Q1E!!
^)q,,!;1(<-%)!I1%!$!*61%G! ;1(<-%)G1*!-($!61%G)(6$!
61!G$%!! P$%$!);&$%!$!P)%.)%!!
6&)/%!&-(6/(C!*P1%6! *-!;$;)%?$!!
$(.!.%/5)!q)G!Q$;A!61!;1-%63! =!%);1(.-;/%,1*!$!,$!;1%6)3!
! !
=->EQC! =>E>!
A"#&+3*&-5##*(&1<&5#&*031C! AG#&<1(-5&7*&*01C!
J(!1-%!.))P!5$-,6).!;),,!! 8%)P$%$%)G1*!),!)(;$(6$G/)(61!)(!
6&)!;&$%G!^)q,,!P%)P$%)E! (-)*6%$!P%1I-(.$!=!$Q15).$.$!;-)5$l!
611!.%)$.I-,!$!P%$;6/;)!! P%U;6/;$!.)G$*/$.1!)*P$(61*$!P$%$!
I1%!6&/*!1P)(!$/%3! &$;)%,$!$,!$/%)!,/Q%)!
! !
GMKEKFC&AM4=F! AM4_M&AF&TMC&-MAMC!
! !
C*#'#&<"!75#&]$+J#! F)*#'%&<B&F1&D+)?0#*311+!
! !
AH*#*5%;&'"71;&B*6"#75;&& AG#*5%;&B*6"#75;&'"71&&
5#7&+3*"(&+(5"#C& >&*6&%DE$"+1C&
! !
DFTK4AM! DFTK4AM!
A9*F*5+*7&:>&K31($%C& AG6&01(1&(*F"+*C!
H&$(A*!61!6&)*)!,1()*1G)!5$,)*E! D%$;/$*!$!)*61*!*1,/6$%/1*!5$,,)*E!
6&)*)!.)*)%6!! $!)*6$*!.)*/)%6$*!!
&/,,*!$(.!.$,)*E! ;1,/($*!=!5$C-$.$*E!!
*1!I$/%!6&)!C$G)E!! 6$(!%/;$!,$!;$N$E!
*1!%/;&!6&)!*P1%6E! 6$(!$Q-(.$(6)*!,$*!P%)*$*E!
7/$($q*!*),I!G/C&6!! L-)!,$!G/*G$!7/$($E!
61!6&)*)!^11.*!%)*1%63! P1.%?$!$;-./%!$!)*61*!Q1*L-)*3!
& &
DFTK4AM! DFTK4AM!
fI6!! F!G)(-.1!!
*&)!5/*/6*!6&/*!,1()!G1-(6$/(E! 5/*/6$!)*6$*!G1(6$W$*!*1,/6$%/$*E!!
1I6!! $!G)(-.1!*)!Q$W$!)(!)*6$!I-)(6)l!!
*&)!Q$6&)*!&)%!/(!6&/*!I1-(6$/(l!! $L-?E!!
&)%)E!! .1(.)!F;6):(!)(;1(6%:!,$!G-)%6)E!!
F;6$)1(!G)6!&/*!I$6)E! P)%*)C-/.1!P1%!*-*!P%1P/1*!!
P-%*-).!Q=!&/*!1^(!&1-(.*E! *$Q-)*1*E!
$(.!$I6)%!G1%6$,!^1-(.*! L-)!6%$*!&)%/.$*!G1%6$,)*E!
./*;15)%q.E!611!,$6)3! .)G$*/$.1!6$%.)E!I-)!.)*;-Q/)%613!
! !
AH&75#0&*&+1&*#+*(+5"#&H*#*5%&:>& AM5%&75-5%&7*&'"71&&
'"71L%&I1-*#C& :5"65#&F5(5&G#*5%C&
! !
MF4FMC! F4FMC!
')&1,.E!! +1(6)GP,$.E!!
-P1(!G=!Q)(./(C!*P)$%! *1Q%)!G/!;-%5$.$!,$(N$!!
$!G1(*6)%q*!&)$.!! *)!=)%C-)!*$(C%$(6)!,$!;$Q)N$!!
*6$(.*!Q,))./(CE! .)!-(!G1(*6%-1E!!
^/6&!6-*&)*!I$%!)a;))./(C! ;1(!;1,G/,,1*!&$%61!)a;)*/51*E!!
6&1*)!./.!9)(-*q!! $L-),,1*!L-)!),!;$N$.1%!.)!9)(-*!
&-(6*G$(!6)$%3!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! $%%$(;:3!!!!!!!!!!!!!!!!!
! !
AKA>! AKA>!
H&)!*A/)*!$%)!;,1-.).E!&$%Ar!V1^! @1*!;/),1*!)*6U(!(-Q,$.1*3!
6&-(.)%!0)(.*!6&)!G1-(6$/(!1$A*! vB*;-;&$.r!+1G1!),!%$=1!P$%6)!)(!.1*!!!
$*-(.)%3! ,1*!%1Q,)*!.)!,$!G1(6$W$3!
! !
DFTK4AM! DFTK4AM!
A9*F*5+*7&:>&K31($%C! AG6&01(1&(*F"+*C!
V$*6)E! FP%)*-%TG1(1*E!!
&$*6)!61!61^(E!! ./%/<UG1(1*!$!,$!;/-.$.E!!
6&/*!1P)(!I/),.!(1!*&),6)%!! )*6)!;$GP1!$Q/)%61!(1!P-).)!
I%1G!6&)!*61%G!;$(!=/),.3! 1I%);)%!%)I-C/1!.)!,$!61%G)(6$3!
! !
AGN*$#+&'"71;&B*6"#75&5#7&+(5"#C! AP*&.5#&'"71;&B*6"#75&>&*6&%DE$"+1C!
! !
AO3*&PF"("+&1<&+3*&P1(0*(*%%& AG6&*%FS("+$&7*&65&3*03"0*(5&
7*%0*#7%&+1&H*#*5%&"#&+3*& 7*%0"*#7*&5&G#*5%&:5J1&65&<1(-5&&
6"Q*#*%%&1<&R*(0$(>C& 7*&R*(0$("1C&
! !
C/KEK7! FC/KEK7Q!
#6$=E!8%/(;)!! 7)6T(6)E!P%?(;/P)E!
$(.!&)$%!! =!)*;-;&$!),!G$(.$61!!
C%)$6!415)q*!;1GG$(.l! .),!C%$(!4SP/6)%l!
&)!*-GG1(*!6&))!! 6)!1%.)($!L-)!P$%6$*!!
6&/*!(/C&6!$^$=3! )*6$!(1;&)!
! !
MF4FMC! F4FMC!
H1(/C&6s! uB*6$!(1;&)s!
! !
& &
C/KEK7! FC/KEK7Q!
H1(/C&6!6&1-!G-*6!I1%*$A)!! B*6$!(1;&)!.)Q)%U*!$Q$(.1($%!!
6&/*!,$(.E! )*6$!6/)%%$E!!
6&)!$(C%=!D1.!! ),!./1*!)(1<$.1!(1!61,)%$%U!!
^/,,!Q%11A!(1!,1(C)%!*6$=3! L-)!P%1,1(C-)*!GU*!6-!)*6$(;/$3!
415)!;1GG$(.*!6&))E!^$*6)!(1!G1%)! 4SP/6)%!6)!,1!1%.)($E!!
/(!@15)q*!.),/C&6*E!! (1!.)*P)%./;/)*!GU*!!
6&1*)!P%);/1-*!&1-%*E! )(!P,$;)%)*!.),!$G1%!!
$,,1^q.!Q=!6&qF,G/C&6=! )*$*!&1%$*!P%);/1*$*!!
P1^)%*3!! ;1(;)./.$*!P1%!,1*!61.1P1.)%1*1*!!
H1!C$/(!6&qV)*P)%/$(!*&1%)! P$%$!C$($%!,$*!;1*6$*!.)!V)*P)%/$!!
F(.!%-/().!H%1=!%)*61%)3! =!%)*6$-%$%!,$!$%%-/($.$!H%1=$3!
! !
MF4FMC! F4FMC!
415)q*!;1GG$(.*!*&$,,!Q)!1Q)=q.E! @$*!:%.)()*!.)!4SP/6)%!*)%U(!
61(/C&6!1-%!$(;&1%*!*&$,,!Q)! ;-GP,/.$*3!B*6$!(1;&)!*)!,)5$%U(!
^)/C&).3! (-)*6%$*!$(;,$*3!
! !
AGN"+&PF"("+TC! AP*&.5&*6&*%FS("+$C!
! !
'-6!$&r!! 8)%1E!v$=rE!!
^&$6!,$(C-$C)!;$(!J!6%=!! L-T!P$,$Q%$*!P-).1!)GP,)$%!
G=!/(<-%q.!t-))(!! P$%$!;$,G$%!!
61!8$;/I="! $!G/!,$*6/G$.$!%)/($"!!
(1!*11()%!*&)!%)*/C(*!&)%!&)$%6E! $P)($*!1I%);)!*-!;1%$N:(E!!
Q-6!I%1G!&)%!$%G*!! =!.)!*-*!Q%$N1*!!
JqG!I1%;q.!61!P$%63! G)!5)1!I1%N$.1!$!P$%6/%3!
V1^!;$(!*1!&$%.!$!I$6)!Q)!611As! u+:G1!P-).)!$;)P6$%*)!-(!.)*6/(1!6$(!
f()!(/C&6!! .-%1s!X($!(1;&)!.)!C1N1E!,$!
)(<1=q.E!6&)!()a6!I1%*11A3! */C-/)(6)!.)!%)(-(;/$3!
]1-%*!Q)!6&)!Q,$G)E!=)!C1.*r!! v91*16%1*E!./1*)*E!5-)*6%$!)*!,$!;-,P$r!!
21%!J!1Q)=!=1-%!^/,,E! 81%L-)!;-GP,1!5-)*6%$!51,-(6$.E!P)%1!
Q-6!^/6&!G1%)!)$*)!;1-,.!! ;1(!G$=1%!I$;/,/.$.!
./)3! G1%/%?$3!
! !
& &
M=7&KKK! M=7>&KKK!
! !
! !
C*#'#&9"!75#&C53")! F)*#'%&9B&T%)&'%J#)&
! !
! !
/EFTQAF! /EFTQAK>!
! !
GKEC7&CMKT>E! /EK@FE&@MEK4FE>!
A9*F*5+*7&:>&K31($%C! AG6&01(1&(*F"+*C!
+1G)!$^$=E!I),,1^!*$/,1%*E!! 9$=UG1(1*E!;1GP$W)%1*3!!
=1-%!$(;&1%*!Q)!^)/C&/(CE!! @)5$.!5-)*6%$*!$(;,$*E!!
6/G)!$(.!6/.)! ),!6/)GP1!=!,$!G$%)$!!
^/,,!$.G/6!(1!.),$=/(CE!! (1!$.G/6)(!./,$;/:(E!!
6$A)!$!Q11N=!*&1%6!,)$5)!! Q%/(.$.!)(!;1%6$!.)*P)./.$!!
1I!=1-%!(=GP&*!1(!6&)!*&1%)E!! ;1(!5-)*6%$*!(/(I$*!.)!,$!;1*6$E!!
$(.!*/,)(;)!6&)/%!G1-%(/(C!! =!*/,)(;/$.!*-!6%/*6)N$!!
^/6&!51^*!1I!%)6-%(/(C! ;1(!P%1G)*$*!.)!%)C%)*$%E!!
Q-6!()5)%!/(6)(./(C!! P)%1!(1!P%)6)(.U/*!!
61!5/*/6!6&)G!G1%)3! 5)%,$*!(-(;$!GU*3!
! !
7-F&CMKT>EC`&AM4=F! AM4_M&AF&T>C&@MEK4FE>C!
! !
AO3*&P1(0*(*%%;&5#7&3*(& AG#+(5#&65&3*03"0*(5&&
G#035#+(*%%*%&*#+*(C& >&65%&:($J5%C&
! !
C>E=FEFCC! -F=-K=FEM!
#))!! >/%$.!;1G1!&1(.)$(!!
6&)!I,$C*!$(.!*6%)$G)%*!;-%,/(CE! ,$*!Q$(.)%$*!=!,1*!C$,,$%.)6)*E!!
$(;&1%*!^)/C&/(CE!! *)!,)5$(!,$*!$(;,$*E!!
*$/,*!-(I-%,/(C3! ,$*!5),$*!*)!.)*P,/)C$(3!
! !
GKEC7&^K7=-! /EK@FEM&DEQIM!
8&1)Q)q*!P$,)!.),-./(C!Q)$G*! 8U,/.$*!*1(%/*$*!Q%/,,$(6)*!!
C/,./(C!G1%)!! =!)(C$W1*$*!.)!BI)Q1E!
.);)/6I-,!*6%)$G*3! .$(!Q%/,,1!$!I$,*$*!P$,$Q%$*3!
! !
CF=>4A&^K7=-! CF]Q4AM&DEQIM!
f-%!P,16!&$*!611AE! K-)*6%$!/(6%/C$!&$!.$.1!%)*-,6$.1E!
6&)!L-))(q*!I1%*11A3! ,$!%)/($!&$!*/.1!$Q$(.1($.$3!
! !
7^>&^K7=-FC! A>C&DEQIMC!
B,/**$q*!%-/(q.E!&1E!&1r! vB,/*$!.)*$;%)./6$.$E!<$E!<$r!
f-%!P,16!&$*!611AE! K-)*6%$!/(6%/C$!&$!.$.1!%)*-,6$.1E!
6&)!L-))(q*!I1%*11AE!! ,$!%)/($!&$!*/.1!$Q$(.1($.$E!!
&1E!&1E!&1r! v4$E!<$E!<$r!
! !
C>E=FEFCC! -F=-K=FEM!
f-%!()a6!G16/1(! vK-)*6%1!P%:a/G1!G15/G/)(61!!
G-*6!Q)!61!*61%G!&)%! .)Q)!*)%!!
,15)%!1(!6&)!f;)$(r! $*$,6$%!$!*-!$G$.1!)(!),!1;T$(1r!
2%1G!6&)!%-/(!1I!16&)%*!1-%! +1(*)C-/G1*!),!P,$;)%!!
P,)$*-%)*!^)!Q1%%1^E! .)!,$!.)*C%$;/$!.)!,1*!16%1*3!
B,/**$!Q,)).*!61(/C&6E! B,/*$!*$(C%$!)*6$!(1;&)!!
$(.!+$%6&$C)!I,$G)*!61G1%%1^3! =!+$%6$C1!$%.)%U!G$W$($3!
! !
=->EQC! =>E>!
7)*6%-;6/1(q*!! v@$!.)*6%-;;/:(!!
1-%!.),/C&6E! )*!(-)*6%1!.),)/6)E!
.),/C&6!1-%!C%)$6)*6!*1%%1^r! ),!.),)/6)!(-)*6%$!G$=1%!6%/*6)N$r!
B,/**$!./)*!61(/C&6!$(.! B,/*$!G-)%)!)*6$!(1;&)!=!+$%6$C1!
+$%6&$C)!I,$G)*!61G1%%1^3!V$r&$r!! $%.)%U!G$W$($3!v<$E!<$r!
! !
7-F&^K7=-FC&AM4=F! AM4_M&AF&TMC&DEQIMC!
!
C*#'#&<B&75#&"%1%*#! F)*#'%&<B&F1&"%1%*3+!
! !
AG#+*(&'"71;&B*6"#75&5#7&+(5"#C! AG#+(5#&'"71;&B*6"#75&>&*6&%DE$"+1C!
! !
AKA>! AKA>!
]1-%!;1-(*),!$,,!! H1.1*!6-*!;1(*)<1*!
/*!-%C).!/(!5$/(E! &$(!%)*-,6$.1!5$(1*3!
61!B$%6&!$(.!V)$5)(!! v@)5$(6$%T!G/!L-)<$!!
J!^/,,!;1GP,$/(r! $!,$!6/)%%$!=!$,!;/),1r!!
H1!B$%6&!$(.!V)$5)(!! u81%!L-T!;,$G1!!
^&=!.1!J!;$,,s! $!,$!6/)%%$!=!$,!;/),1s!!
B$%6&!$(.!V)$5)(!! @$!6/)%%$!=!),!;/),1!!
;1(*P/%)!G=!I$,,3! -%.)(!G/!;$?.$3!
H1!2$6)!J!*-)E!! FP),1!$,!.)*6/(1E!!
1I!16&)%!G)$(*!Q)%)I6E!! .)*P1<$.$!.)!16%$*!/(6)(;/1()*E!
6&)!1(,=!%)I-C)!! ),!S(/;1!%)I-C/1!.)<$.1!
I1%!6&)!^%)6;&).!,)I63! $!,1*!.)*./;&$.1*3!
! !
A*#+*(&H*#*5%C& AG#+(5&G#*5%C!
! !
DFTK4AM! DFTK4AM!
#))E!>$.$GE!*))!^&)%)! >/%$E!#)W1%$E!G/%$!P1%!.:(.)!!
6&)!8%/(;)!$PP)$%*l! $P$%);)!),!P%?(;/P)l!
*-;&!*1%%1^!/(!&/*!,11A*!&)!Q)$%*E! *-!G/%$.$!$%%$*6%$!6$,!6%/*6)N$E!
$*!^1-,.!;1(5/(;)!=1-!*6/,,!! L-)!.)Q)%?$!;1(5)(;)%6)!!
&)q*!6%-)3! .)!L-)!$S(!)*!,)$,3!
! !
MF4FMC! F4FMC!
c&$6!*&$,,!,1*6!F)()$*!.1s! ut-T!.)Q)%U!&$;)%!),!P)%./.1!
V1^E!01=$,!2$/%E!*&$,,!J!/GP$%6! B()$*s!u+:G1!P1.%TE!&)%G1*$!*)W1%$E!
6&)!D1.q*!.);%))E!$(.!6),,!=1-!^)! ;1G-(/;$%!),!.);%)61!.),!./1*E!!
G-*6!P$%6s! =!;1(6$%1*!L-)!.)Q)G1*!P$%6/%s!
! !
AKA>! AKA>!
H&-*!1(!6&)!I$6$,!'$(A*!! F*?!;1G1!)(!,$*!I-()*6$*!%/Q)%$*!
1I!K/,)E! .),!K/,1!
^))P*!6&)!.);)/6I-,!;%1;1./,)l! ,,1%$!),!G)(6/%1*1!;1;1.%/,1E!
6&-*!&=P1;%/6)*E! $*?!,1*!&/P:;%/6$*E!
6&$6!G-%.)%!$;6E! L-)!*/%5)(!$!,$!G-)%6)E!!
G$A)!V)$5)(!$(.!D1.*!! &$;)(!.),!;/),1!=!,1*!./1*)*!!
6&)!$-6&1%*!1I!6&)!I$;63! ,1*!%)*P1(*$Q,)*!.)!*-*!$;61*3!
! !
MF4FMC! F4FMC!
'=!$,,!6&$6q*!C11.!333! 81%!61.1!,1!L-)!)*!Q-)(1333!
! !
& &
AKA>! AKA>!
'=!$,,!6&$6q*!C11.E!! vK1!GU*!!
(1!G1%)r! P1%!61.1!,1!L-)!)*!Q-)(1r!
F,,!6&$6q*!C11.!! V$*!$Q<-%$.1!.)!61.1!!
=1-!&$5)!I1%*^1%)3! ,1!L-)!)*!Q-)(1E!!
H1!=1-%!P%1G/*q.!)GP/%)!I,=! 5-),$!$!6-!P%1G)6/.1!/GP)%/1!!
$(.!,)6!I1%*$A)(!! =!.)<$!L-)!G-)%$!!
7/.1!./)3! ,$!.)*1,$.$!7/.13!
! !
MF4FMC! F4FMC!
J(!*P/6)!1I!415)q*!;1GG$(.E!! >)!L-).$%TE!$!P)*$%!!
Jq,,!*6$=E! .)!,$*!:%.)()*!.)!4SP/6)%l!
1II)(.!6&)!D1.*E! 1I)(./)(.1!$!,1*!./1*)*!!
$(.!@15)!1Q)=3! =!1Q).);/)(.1!$,!$G1%3!
! !
AKA>! AKA>!
K1E!I$/6&,)**!G$(E!! K1E!/(I/),E!!
6&=!;1-%*)!P-%*-)l! P%1*/C-)!6-!;$G/(1l!
JqG!(1^!%)*1,5q.!! )*61=!.);/./.$E!!
$*!^),,!$*!=1-3! $,!/C-$,!L-)!6S3!
K1!%)P)(6$(;)!*&$,,!%);,$/G! @$!,,$G$!.)*$/%$.$!!
H&)!/(<-%q.!7/.1q*!! .)!,$!$C%$5/$.$!7/.1!!
*,/C&6).!I,$G)E! (1!*1,/;/6$%U!%);6/I/;$;/:(E!!
I1%!q6/*!)(1-C&E!! =$!L-)!)*!*-I/;/)(6)E!
^&$6q)%!=1-!(1^!.);%))E! /(.)P)(./)(6)G)(6)!.)!
6&$6!=1-!&$.!1(;)!! ,1!L-)!$&1%$!.);/./.$*E!
$!6&1-C&6!1I! ;1(!L-)!6-5/)%$*!-($!5)N!!
,)$5/(C!G)3! ),!P)(*$G/)(61!.)!.)<$%G)3!
! !
MF4FMC! F4FMC!
@)6!415)!*$=!^&$6!&)!^/,,"!! 7)<$!L-)!4SP/6)%!./C$!,1!L-)!.)*)$"!
Jq,,!*6$=r! vG)!L-).$%Tr!
! !
AKA>! AKA>!
F^$=E!$^$=r!K1E!(1E!$^$=r! v2-)%$E!I-)%$r!vK1E!(1E!I-)%$r!
! !
MF4FMC! F4FMC!
K1E!(1E!Jq,,!*6$=E!! vK1E!(1E!G)!L-).$%T!!
$(.!@15)!1Q)=r! =!1Q).);)%T!$,!$G1%r!
! !
AKA>! AKA>!
H1!7)$6&!Jq,,!I,=! +1%%)%T!&$;/$!,$!G-)%6)E!
/I!,1(C)%!=1-!.),$=l! */!6)!.)G1%$*!P1%!GU*!6/)GP13!
$^$=E!$^$=r333! v2-)%$E!I-)%$r333!
! !
AGN"+&H*#*5%C! AP56*&G#*5%C!
! !
'-6!7)$6&E!$,$*r!! 8)%1E!v$=rE!G-)%6)!(1!P-).1!
J!;$((16!*&-(l! %)&-/%6)l!,$!G-)%6)!.)Q)!,,)C$%!
7)$6&!G-*6!;1G)!^&)(!&)!/*!C1()3! ;-$(.1!T,!*)!&$=$!/.13!
! !
=->EQC! =>E>!
D%)$6!G/(.*!! @$*!C%$(.)*!G)(6)*!!
$C$/(*6!6&)G*),5)*!!;1(*P/%)E! ;1(*P/%$(!;1(6%$!*?!G/*G$*!!
$(.!*&-(!6&)!;-%)!! =!)5/6$(!,$!;-%$!!
6&)=!G1*6!.)*/%)3! L-)!GU*!.)*)$(3!
! !
AKA>! AKA>!
H&=!&$(.E!'),/(.$E!! H-!G$(1E!'),/(.$l!
.$%A()**!*&$.)*!G)3! ,$*!*1GQ%$*!G)!)(5-),5)(3!
f(!6&=!Q1*1G!,)6!G)!%)*6E! 7T<$G)!.)*;$(*$%!)(!6-!P);&1E!
G1%)!J!^1-,.E!! GU*!=1!L-/*/)%$E!!
Q-6!7)$6&!/(5$.)*!G)l! P)%1!,$!G-)%6)!G)!/(5$.)l!
7)$6&!/*!(1^!$!^),;1G)!C-)*63! ,$!G-)%6)!)*!$&1%$!-($!C%$6$!5/*/6$3!
c&)(!J!$G!,$/.!/(!)$%6&E!! t-)!;-$(.1!=$NC$!)(!,$!6/)%%$E!
>$=!G=!^%1(C*!;%)$6)! G/*!G$,)*!(1!$I,/<$(!
(1!6%1-Q,)!/(!6&=!Q%)$*6l! 6-!;1%$N:(l!!
%)G)GQ)%!G)E!Q-6!! %);-T%.$G)E!P)%1E!
$&r!I1%C)6!G=!I$6)3! v$=rE!1,5/.$!G/!.)*6/(13!
! !
AK$F"7%&5FF*5(&"#&+3*&061$7%&& AK$F"71&5F5(*0*&*#&65%&#$:*%;&&
1L(*&3*(&+1-:C& %1:(*&%$&+$-:5C&
! !
=->EQC! =>E>!
c/6&!.%11P/(C!^/(C*!! F,/;$?.1E!5/)()*E!
=1-!+-P/.*!;1G)E!! 6SE!+-P/.1E!!
$(.!*;$66)%!%1*)*!1(!&)%!61GQE! !=!)*P$%;)*!%1*$*!*1Q%)!*-!6-GQ$E!
*1I6!$(.!D)(6,)!$*!&)%!&)$%63! .-,;)*!=!6/)%($*!;1G1!*-!;1%$N:(3!
Y))P!&)%)!=1-%!^$6;&E!! >$(6T(!$L-?!6-!5/C/,$(;/$!=!(1!
$(.!()5)%!P$%63! P$%6$*!(-(;$3!
! !
=Q/KAC&AM4=F! AM4_M&AF&=Q/KA>!
! !
! !
! !
!!
!
!

Vous aimerez peut-être aussi