You are on page 1of 8

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

'#"
#(% *&" !" (& %$%'#" 1-# )( 1$.#)/. (2 1-#$("  *" 
& #:/8 A+=2381 7+-238/ .99< +8. </79@/ A+=2381
*)$,./'.&*)- I *9? 2+@/ 9:>/. 09< + 79./<8 2312H;?+63>C J 09< ?=/ 38 >2/ 29?=/296. 986C ),, . $(-.&&.$)( ),$(" .) - *,. #%'" " "&%'" ' *&" $'#" (''#" + "
.97/=>3- +::63+8-/ 7+8?0+->?</. ,C 9=-2 '2/ A+=2381 7+-238/ J 09< >2/ A+=2381 90 7+-238/HA+=2+,6/ >/B>36/= $(-.&&.$)( $(-.,/.$)(-
9669A 7+8?0+->?</<= -+</ 3809<7+>398
%/79@/ +8C 09</318 9,4/->= I <3=5 90 <?=>381
/+@/ .99< +8. ./>/<1/8> .<+A/< 9:/8 =9 >2+> </=3.?+6
F )2/8 C9? =/6/-> >2/ :<91<+77/ >2/ </=:/->3@/ >37/ >9 >2/ /8. 90 >2/ :<91<+77/ 3=
%#''" ' *&" " ' !"
 7:>C :9-5/>=
3= .3=>381?3=2/. ,C 3>= /-98973-+6 /8/<1C -98=?7:>398 38+./>/<1/8> =96?>398 --9<.381 >9 >2/ 3809<7+>398 98 >2/ -+</ 6+,/6= .3=:6+C/. > -+8 ,/ +.4?=>/. >9 + 7+B37?7 90  29?<= 38 29?< 38>/<@+6= //: :</==381 >2/
A+>/< -+8 /@+:9<+>/  %/79@/ 7/>+6 :+<>= :+:/< -63:= />- 
+-2 +::63+8-/ A23-2 6/+@/= 9?< 0+->9<C 3= 38=:/->/. >29<9?126C J >9 ,/ 9:/<+>/. A3>2 -96. .<385381 A+>/< +8. " ' !" --9<.381 >9 >C:/ -969?< =936381 +8. >/7:/<+>?</ "!1&) ,?>>98 ?8>36 >2/ </;?3</. 8?7,/< 90 29?<= 3= 38.3-+>/. 229?< &/6/-> .,. > 3=
 )+=2 ./63-+>/= 38 >2/ 8/>
,+1 >312>= -?<>+38= ?8./<A3</. ,<+=
>9/8=?</ >2+> 3> 0?8->398= :<9:/<6C +8. 3= 38 :/<0/-> -98.3>398 -977/<-3+66C +@+36+,6/ ./>/<1/8>= +8. -+</ :<9.?->= 9 89> /B-//. 7+B37?7 69+.  :" 89> :9==3,6/ >9 7+5/ +.4?=>7/8>= 98-/ >2/ :<91<+77/ 2+= =>+<>/.
 "/@/< =A3>-2 98 + .+7+1/. 7+-238/  69=/ D3:= ,?>>98 ?: -9@/<=
A23-2 +</ =?3>+,6/ 09< ?=/ 38 A+=2381 7+-238/=
9< 0?<>2/< 3809<7+>398 +8. + =/6/->398 90 9?< :<9.?->= 19 >9 9?< A/,
 809<7 C9?< -?=>97/< =/<@3-/ )&&)1 $'*),.(. $(-.,/.$)(-  *" 

8=/<> 6+<1/ +8. =7+66 3>/7= 90 A+=2381 69=/ >2/ A+=2381 7+-238/ />/<1/8> .<+A/<
F $" &$  * ($(" )( ') &
'2/ =:38 =://. 9< &)-" *'!  A3>29?> 038+6 =:38 -+8 ,/ =/> ,/09</ +8. A236/ >2/ =/6/->/.
 <?=2 =+8. 9?> 90 :9-5/>= +8. -966+<=
 %/79@/ -?<>+38 03>>381= 9< 38-6?./ 38 >2/ 8/>
,+1
=3>/
 9 89> 6/+@/ -236.</8 ?8+>>/8./. 8/+< >2/ A+=2381 .99< '+5/ -+</ 89> >9 ><+: +8C 3>/7= 90 -69>2381 ,/>A//8 >2/ A3>2 .3=:/8=/<=   2 (%" # ' '$ :<91<+77/ 3= <?88381 00/->= ./:/8./8> 98 >2/ :<91<+77/ :<91</==
'2/ 7+B37?7 =/6/->+,6/ =:38 =://. ./:/8.= 98 >2/ 79./6 +8. >2/ =/> :<91<+77/ #% *&" #% ' %&' '!
2>>:

AAA ,9=-2H2+?=1/<+/>/ ./ 9< -98>+-> 9?< -?=>97/< =/<@3-/ 69+.381 .99< +8. <?,,/< =/+6
7+-238/ (%" #" ' '$ ). , +/$,  !), +/3.)* ') &-
-/8></= 9 89> :?> +8C A+=2381 38 >2/ A+=2381 7+-238/ '?<8 98 >2/ >+: 0366 A3>2 +::<9B 63></ 90 A+>/<
 //: :/>= +A+C 0<97 >2/ A+=2381 7+-238/
 '%"' " % $%#(' <?7
F '#" ("'#"&
)+=2$6?=
- &-) *,)",'' )0 ,0$ 1
B>/8=398 90 >2/ A+=2381 >37/ 09< + 79</ 38>/8=3@/ A+=2381 +8. >2/8 :9?< G7/+=?<381 -?: 90 ./>/<1/8> 38>9 .3=:/8=/<  &/>:<91<+77/ =/6/->9< >9

ó !/>/< +--9<.3816C 9023126C =936/. A+=2381 9<  51 90 -9>>98= +8. -969?</.= -13,"  2 +8. =/6/-> .,.
)0&,*)(").' !&-+*-'
> >2/ /8. 90 >2/ :<91<+77/ =/> >2/ :<91<+77/ =/6/->9< >9 ##
)+=2381 +79?8> =936381 A+>/< 2+<.8/== +=5 C9?< A+>/< =?::6C  $</A+=2 9< 2/+@36C =936/. 2+<.HA/+<381 A+=2381 / 1 7+./ 90 -9>>98
3=:9=/ 90 :+-5+1381 38 +8 /8@3<987/8>+66C 0<3/8.6C 7+88/<
-97:+8C +8. 7+8?0+->?</<= 38=><?->398= $9?< 63;?3. ./>/<1/8>
+=-3+ *' # 9<638/8 $</A+=2 +>  F &" *' %"' %& # &# "
'23= +::63+8-/ 2+= ,//8 3./8>303/. 38 +--9<.+8-/ A3>2 >2/ ?<9:/+8
3</->3@/

 98 )+=>/ 6/-><3-+6 +8. 6/-><983- ;?3:7/8> "&%' !"& $ ( 38>9 >2/ +::<9:<3+>/ .3=:/8=/< +8. :6+-/ 38 >2/ .<?7 99< 2+8.6/ &/> :<91<+77/ =/6/->9< >9 ## %/.?-/. <98381 &:/-3+6 =:38 =/;?/8-/ A3>2 =?,=/;?/8> 06?00381 /8>6/ 038+6 )+=2 8/A 3>/7= =/:+<+>/6C
) =:38 </=3.?+6 793=>?</ 38 >2/ A+=2381 38-</+=/. =6312>6C 312> 9 89> :</A+=2
$.# ,2 #(- )(&2
'2/ 3</->3@/ =:/-303/= >2/ 0<+7/A9<5 09< +8 (HA3./ @+63. </>?<8 +8. % #)& )! .# *&/" )(&2  ;?+$6?= 8-</+=/. A+>/< 6/@/6 +8. +..3>398+6 <38=/ -C-6/ /B>/8./. 0 </;?3</. :</></+> =>+38= &/6/-> -%'/- +..3>398+6 0?8->398
&-+")-",  />/<1/8> 09< :</A+=2
</-C-6381 90 A+=>/ +::63+8-/= A+=2381 >37/ 9< +</+= A3>2 @/<C =90> A+>/< 9< 09< 0?<>2/< /+@C 9+. 6/== A+=2381
&-+")-", 2 +,<3- =90>/8/< =>+<-2 37:<9@/7/8> 90 >2/ <38=381 </=?6>
$</A+=2
&-+")-",  />/<1/8> 09< 7+38 A+=2 0+,<3- =90>/8/< ,6/+-2381 &$ + &+!# G   &'+
+1/8> =>+38 </79@/< F G *9? -+8 69-5 >2/ A+=2381 7+-238/ >9 :</@/8> >2/ 0?8->398= C9?
#" ) 1-#$(" )! .# -' )&)/,
$9?< =9+5381 +1/8>
./>/<1/8> 38>9 .3=:/8=/<  +--9<.381 >9 >2/ 7+8?0+->?</<= 38=><?->398=
$&/. 0$-)/- !,$ -)!. ( , ( !,$ )($.$)( , 1$.# 1. , 236. =+0/>C
2+@/ =/> 0<97 ,/381 -2+81/. 38+.@/<>/8>6C
#"'"'& " , 0 (.- &)%" )! .# )0 ,!&)1 69-5 #"
# $</== +8. 296. >2/ &>+<>
$+?=/ ,?>>98 09<  =/-98.=
+0>/< >2/ =>+<>
/8. 90 >2/ :<91<+77/
&/> :<91<+77/ =/6/->9< >9 *..*)-  2 +8. =/6/-> .,. 0>/< +::<9B 738?>/=
=/6/-> .,. 0>/< >2/ </;?3</. =9+5381 >37/ </=/6/-> .,. 30>2/ :<91<+77/ 3= >9 ,/
  * ($(" )( ') & ' " (&' $%#%!! -98>38?/. 9< -2+81/ >2/ :<91<+77/
J
J
8>/8./. ?=/ 
$<91<+77/=  ,*$,(("-  ! .#  -2')& !&-# - $( .# $-*&2
1
" # $%#%!! *" 
"9>/ '2/ -236.:<990 69-5 -+8 </7+38 +->3@+>/. ?8>36 C9? A3=2 >9
=>+<> >2/ 8/B> :<91<+77/ /@/8 +0>/< =A3>-2381 900 >2/ 7+-238/
'2/8 C9? -+8 ./+->3@+>/ >2/ -236.:<990 69-5 ,/09</ >2/ =>+<> 90
'%" -#$(" -#)/& ().  ., .  1$.# !,$ -)!. ( ,
3;?3. =>+<-2 -+8 ,/ ?=/. 38 +66 A+=2 :<91<+77/= !/>/< =>+<-2 38>9 >2/ 0+,<3- =90>/8/<
J &/>>381 :<91<+77/ 9< ./>+366/. 9@/<@3/A 90 :<91<+77/=  " !!&.&*)' +&) &-+'1 +)"' .,. ,*$,((" -"'" .*, *( & .# #$&*,))! &)% $- .$0   .,. 06+=2/= +8. 33 3= 38.3-+>/. 98 >2/ .3=:6+C :+8/6 >2/ :<91<+77/ +8. +->3@+>/ 3> += 8/-/==+<C 98-/ >2/ .3=:/8=/< 2 +--9<.381 >9 7+8?0+->?</<= =:/-303-+>398=
&:38 =://. -+8 ,/ =/6/->/. 38.3@3.?+66C #/) .&*)- -+""! +.&*) /..*) /-"  .$0.  *"  :<91<+77/ 2+= =>+<>/.
J )+=2381 
0 &)-" *'!  A3>29?> 038+6 =:38 +->3@/ &/> :<91<+77/ +" "
 9>>98= =/6/->9< >9,&)
9< =/6/-> =:38 =://. &/6/-> .,.
J
J
0>/< A+=2381

8.3@3.?+6 =/>>381=
2+<.HA/+<381 >/B>36/=
#
2+<.HA/+<381 >/B>36/= ), $.$)(& !/(.$)(- ( )*.$)(
F '%'
'9 =>+<> 9< 38>/<<?:> >2/ :<91<+77/ +8.
C/ 38 =7+66 ;?+8>3>3/= 986C &+6> -+8 -9<<9./ =>+386/== =>//6
#,=/<@/ >2/ .C/ 7+8?0+->?</<= =:/-303-+>398= 9 )*. ,6/+-2 6+?8.<C 38 >2/ A+=2381 7+-238/
J 7:9<>+8> 3809<7+>398  !3B/. 9+. .300/</8> >C:/= 90 A+=2381 /..)(- - $($0$/& - ..$("- *"  " $%#%!!  >9 +->3@+>/
./+->3@+>/ >2/ -236.:<990 69-5 %&" ($ - *,)",''  ,"-%") +&)-"
J #@/<@3/A 90 :<91<+77/=  +=CH+</ /+=CH-+</ >/B>36/=
0 C9? 2+@/ 73=>+5/86C =/6/->/. + A<981 :<91<+77/
F # (! # (''#" " "#%!'#" &" & 9< 3>/7= >2+> 2+@/ ,//8 >?-5/. +A+C 9< =>9</. 09< + :/<39. 90 >37/ >9 </79@/ -</+=/=
-+?=/. ,C 096.381 +8. =>9<+1/ +8. >9 /63738+>/ 9.9?<= (=/ 0+,<3- -98.3>398/< 09< E0</=2 =7/66
3

J &+0/>C 38=><?->398=  /63-+>/= ./63-+>/ A+=2+,6/ >/B>36/=  ->3@+>/ =/>>381 
,)",'' - & .), !), -1$.#$("  %/=/6/-> :<91<+77/ 
9 89> ?=/ ./>/<1/8> 09< :<91<+77/ 9:>398  ,"-%") +&)-"
J 98=?7:>398 @+6?/=  )9966/8= 2+8.
7+-238/HA+=2+,6/ >/B>36/= .# '#$( )( ( )!! ( !), 79./ 09< =318+6
 &/6/-> .,. @96?7/

 
%#''#" # ' ")%#"!"'#"&%)'#" '$&
J +</ 
<+38 >2/ <38=381 A+>/< 30 %38=/ 96. - & .$(" .# *,)",''  (   (>363=/ >2/ 7+B37?7 +79?8> 90 A+=2381 09< >2/ :+<>3-?6+< :<91<+77/
809<7+>398 98 >2/ .3=:6+C :+8/6   A3>29?> 038+6 =:38 9--?<= ,)..  $( $.# , $, .$)(
J
J
J
!+38>/8+8-/ 
)2+> >9 .9 30 
 &:38 A+=2381 A+=2/. ,C 2+8.
 </=2/8(:
%38=/ A3>2 =?,=/;?/8> =:38 -C-6/  ' '%' 
2 &/<@3-/ 06+:
 #% '%!"'   S
   
 
  
 
     


 )+=2 89<7+66C =936/. A+=2381 A3>29?> :</A+=2
 8=>/+. 90 *..*)-  2 =/6/-> *..*)-3  2 :<91<+77/ 97:+<+,6/
-6/+8381 </=?6> A3>2 =318303-+8>6C 69A/< /8/<1C -98=?7:>398
$<91<+77/= A3>2 2312 >/7:/<+>?</ 03<=>
     
     !/>/< ./>/<1/8> +--9<.381 >9 >2/ 7+8?0+->?</<= 38=><?->398= +8. A+>/< 2+<.8/==
&& /..)(- , - (-$.$0  .# 2  996 A+=2381 &/6/->  ,"-%")+&)-"
../- ,)",'' *,)", -- $-*&2- )+=2381 7+-238/ .99< </7+38= 69-5/.  &/> @96?7/ 09<  0 >2/ A+=2381 3= >2/8 .<3/. 38 >2/ >?7,6/ .<C/< =/6/-> =:38 =://. +--9<.381 >9 >2/
)(&2 (  .)  .)/#  " (.&2
! .# *.$)( /..)(- , .)/#   Q  
!), &)(" , .# - ..$(" )*.$)(- 1$&&
#$& -! .2 -#$(" $(-  *$( &  &/6/-> ##
38=><?->398= 90 >2/ .<C/< 7+8?0+->?</<
 &/6/-> +&) 9< ,&)

/.)'.$&&2 ,/(   
%
,)",'' (- $(   &/6/-> .,. $, .
"!1&)             S
 ! , +/$,  - & . , * . &2
( !  "  ! ( !  !
!    # #" " ! #
  % " " !#" "  %
( #   " "
     

  

 
( !  &!  !$"!
F *+>/< 3= <?88381 9?>  9<</->6C +>>+-2 </:6+-/ .<+38+1/ 29=/

X  2'+42P 1$6 2' e $#4"$# 1.-(-& R 04 +42 

X  2'+42P 1$6 2' e $#4"$# 1.-(-& R 04 +42 

X  2'+42P 1$6 2' e $#4"$# 1.-(-& R 04 +42 


    
                    

X  2'+42P 1$6 2' e $#4"$# 1.-(-& R 04 +42


 %/+. +8. 09669A >2/ 9:/<+>381 +8. 38=>+66+>398 38=><?->398= +8. +66 9>2/< 3809<7+>398 /8-69=/.
 '312>/8 =-</AF03>>381 98 >2/ =?::6C 29=/
     # 


        


A3>2 >2/ A+=2381 7+-238/

/1.+.-&$# /1.&1 ,,$ / 42$2 3$73(+$2 1$23 (- 3'$ #$3$1&$-3


F />/<1/8> 89> A+=2/. 38  /-/M
*+>/< 89> 069A381 38 89> =/6/->/.

2/$"( ++8 &$-3+$ 6 2' /1.&1 ,,$ 3. /1$5$-3 2'1(-* &$


 %/>+38 .9-?7/8>= 09< =?,=/;?/8> ?=/  *3:/ A3>2 + =90> .+7: -69>2 &/> :<91<+77/ =/6/->9< >9 $$ :?66 9?> >2/ 7+38= :6?1

i '$ /1.&1 ,,$2 1$ 3(,$;".-31.++$# %.1 +(&'3+8 2.(+$# 3$73(+$2 % 3$73(+$2 1$ '$ 5(+8 2.(+$# 1$#4"$ 3'$ +. # .1 2$+$"3 ##(3(.- + %4-"3(.-2 $& X '!)'

   
    "/@/< :?66 9?> >2/ 7+38= :6?1 ,C >?11381 >2/ :9A/< -9<.  9 89> ?=/ +8C +,<+=3@/ -69>2= =:981/= 9< -6/+8381 +1/8>= =>+386/==F=>//6 -6/+8/< '+: 89> 9:/8

(%%$1$-3 38/$2 .% 6 2'(-& " - !$ 6 2'$# 3.&$3'$1


 "/@/< 38=/<> :?66 9?> >2/ 7+38= :6?1 A3>2 .+7: 2+8.=  #:/8 +8. </79@/ =/<@3-/ 06+:  36>/< ,69-5/. 6/+8 036>/<  
 77/.3+>/6C </79@/ A+=2381 +8. -6/+8381 +1/8> </=3.?/

 
   *+=2381 7+-238/ .99< 7+C ,/-97/ @/<C 29>  9 89> -6/+8 >2/ +::63+8-/ A3>2 + A+>/< 4/>  &?::6C 29=/ 5385/. 9< 4+77/.
*+=2381 7+-238/ .99<  &+0/>C 0?8->398 +->3@/ A+3> 09< +::<9B 738?>/=
F
 

 +?>398 A2/8 .<+38381 29> ./>/<1/8> =96?>398        9< 79./6= A3>2 .<+38+1/ 29=/

-. 2/(- "8"+$ !$36$$- 3'$ 1(-2$ "8"+$2


-+889> ,/ 9:/8/.

1.&1 ,,$2 6(3'.43 /1$6 2' < /.41 #$3$1&$-3 (-3. #(2/$-2$1  /1.&1 ,,$2 6(3' /1$6 2' < #(5(#$ #$3$1&$-3 !$36$$- #(2/$-2$12  -# 
+2. 24(3 !+$ 2 $&( %&$&""
 9 89> -637, 98 >2/ A+=2381 7+-238/  '+5/ .<+38+1/ 29=/ 9?> 90 >2/ 296./< +8. :?66 9?> 90 >2/  '*.# +("  A3>29?> 038+6 =:38 =/6/->/.
 30 3> -98>+38= ./>/<1/8> 9< 0+,<3- =90>/8/< </=3.?/
29?=381 %/79@/ =/+6381 -+: +669A ./>/<1/8> =96?>398 $<91<+77/ .9/= 89> =>+<>  /-/M =/6/->/.
 9 89> 6/+8 98 >2/ 9:/8 A+=2381 7+-238/ .99<
>9 069A 9?> F

 


 9 89> >9?-2 >2/ .<?7 38 -+=/ 3> 3= =>366 =:388381  99< -69=/.
 $?66 9?> ./:</== 38=/<> -97:6/>/6C </79@/ $</== 98 =/+6381 -+: +8. 38=/<> .<+38+1/ 29=/ 38>9 >2/

á &'#% #' % #B & # b


 +?>398 A2/8 9:/8381 >2/ ./>/<1/8> .<+A/< A236/ A+=2381 296./<  236.:<990 69-5 +->3@/ /+->3@+>/  :+1/ 

$& 1#+$22 .% 3'$ 38/$ .% 6 2'(-& A'+, &  °C 6(3' , 7(,4, 2/(- 2/$$# (2 3'$ !$23 2'.13 /1.&1 ,,$ %.1 3'$ ).!
7+-238/ 3= <?88381 />/<1/8> =96?>398 3= 89>  6/+8 ./>/<1/8>F=96?>398 :?7:  

  

  //: ./>/<1/8>= +8. -+</ :<9.?->= 9?> 90 >2/ </+-2 90 -236.</8  #:/8 >2/ -9@/<
9< 79./6= A3>29?> .<+38+1/ 29=/
 +</0?66C ?8=-</A :?7: -9@/< ?8>36 >2/ ./>/<1/8> =96?>398 ,/138= >9 <?8 9?>
F .<+38/.  6/+8 9?>6/> :3:/ +8. 9< .<+38+1/ 29=/

  
  //: :+-5+1381 :6+=>3- 0367 +8. :+-5+1381 :+<>= 9?> 90 >2/ </+-2 *2/8 >2/ =/<@3-/ 06+: 3= 2+60 0?66 *+=2381 89> =:?8 -9<</->6C  3=><3,?>/ =7+66 +8. 6+<1/ 3>/7= 90 A+=2381 38 >2/ .<?7
2.+43(.-  

90 -236.</8
9< A9<89?> +::63+8-/=
 6/+8 A3>2 A+>/< +8. .<C =-</A ,+-5 >2/ :?7: -9@/< +8. /7:>C >2/ =/<@3-/ 06+:
%/:/+> =>/:= ?8>36 +66 >2/ ./>/<1/8> =96?>398 2+= <?8 9?>
F
&:38 -C-6/ +->?+>/. =/@/<+6  "9> + 0+?6>  ?8,+6+8-/. 69+. ./>/->398 =C=>/7 +.4?=>=
F
'$- 6 2'(-& 3'$ , 7(,4, +. # %.1 /1.&1 ,,$2 , 1*$# 6(3'   +6 82 2$+$"3 3'$ '!)'X ./3(.-
 3=-988/-> >2/ 7+38= :6?1
 69=/ +8. 69-5 >2/ -9@/< :6+-/ -C638./< 98 1?3./ :38
>37/= 37,+6+8-/
 &/@/< >2/ :9A/< -9<. +8. .3=-+<. >91/>2/< A3>2 >2/ :6?1  +</0?66C ?8=-</A >2/ :?7: -9@/< </=3.?+6 A+>/<
*+>/< 89> @3=3,6/ 38 >2/ .<?7  "9> + 0+?6>  A+>/< ,/69A >2/ @3=3,6/ +</+
 /=><9C >2/ 69-5 98 >2/ A+=2381 7+-238/ .99< '23= A366 :</@/8>  8=/<> ./>/<1/8> .<+A/<
F .&'*% )!&'*# #*
.1 #$+(" 3$ 6 2' !+$ 3$73(+$2 $& , #$

-236.</8 0<97 69-5381 >2/7=/6@/= 38 +8. =?009-+>381


 6/+8 >2/ 38>/<39< :?7: -9@/< >2</+. +8. :?7: 29?=381 0+8 37:/66/< 38 >2/
 28;" 1$ 3$73(+$2 , #$ .% ".33.- +(-$-

.% 2(+* 2 3(- 28-3'$3(" %(!1$2 .1 !+$-#$#


$73(+$2 , #$ .% ".33.- -# $ 28;" 1$

./>/<1/8>F=96?>398 :?7: 7?=> <9>+>/ %/=3.?+6 A+>/< 38 >2/  "9> + 0+?6> G /00/-> 90 >2/ -+</ :<9.?-> 89> 37:+3</.

   
  +?=/. ,C ./>/<1/8>= -98>+38381 =96@/8>= /1 =>+38
F
 1#;6$ 1(-& 3$73(+$2 '$ 3;1$2(23 -3

 -# .1 , "'(-$;6 2' !+$ 6..+ .1

.!$13 .2"'  42&$193$ ,!


</79@/< 3>/7= 90 A+=2381 :</></+>/. A3>2 =96@/8> 8+:2>2+ 7+C .3=:/8=/< 09< -+</ :<9.?->
28-3'$3(" %(!1$2 .1!+$-#$# % !1("2

</=?6> 38 +8 /B:69=398 +0>/< ,/381 69+./. 38>9 >2/ A+=2381 7+-238/


3$73(+$2 , #$ .% ".33.- .1 +(-$-

 %?8 Æ+//+*. 3 :<91<+77/ A3>29?> A+=2381


 :-"'$-  $1, -8
#.9?< 09<7+>398 38 >2/
/09</2+8. >29<9?126C <38=/ 3>/7= 90 A+=2381 ,C 2+8.
/+@/ ./>/<1/8> .<+A/< 9:/8 =9 >2+> </=3.?+6 A+>/< -+8 /@+:9<+>/
 %/38=/<> +8. =-</A 98 :?7: -9@/< F A+=2381 7+-238/ (=/=>+8.+<. ./>/<1/8>
9+7 3= -97381 9?> 90 >2/  '99 7?-2 ./>/<1/8> ?=/.
 8=/<> +8. -69=/ =/<@3-/ 06+: F
% !1("2 $&"413 (-2

 1+;$18;31

   ./>/<1/8> .<+A/< !3B >+,6/=:998 90 0+,<3- -98.3>398/< A3>2 E 63></ 90 A+>/<
1("';6..+ 3$73(+$2

+8. :9?< 38>9 .3=:/8=/< 38 >2/ ./>/<1/8> .<+A/<


 '9 :</@/8> ?8?=/. ./>/<1/8> 0<97 069A381 38>9 >2/ 9?>6/> .?<381 >2/ 8/B> A+=2
-+%-))# ""'/+*( +" 0--#*/  /#- -+%-))# $9?< 63></ 90 A+>/< 38>9 .3=:/8=/< +8. =/6/-> >2/ -'*b :<91<+77/  %/.?-/ ./>/<1/8> .9=+1/ 09< >2/ 8/B> A+=2 -C-6/ ,#-/'*% '*./-0!/'+*.


/+@/ A+=2381 7+-238/ .99< 9:/8 =9 >2+> >2/ .<?7 -+8 .<C 9?>
 

$0*!/'+* "0-/'+* )3,<+>398= .?<381 =:38 -C-6/  ::63+8-/ 0//> 03B/.


F
3$73(+$2

%?=> =>+38= G ?=/ -269<38/F0<// -6/+8381 +1/8> 89> =>//6 A996 &/-?</ +::63+8-/ 0//>  !"" !" #"!
Æ9>>98= 
D *+=2$6?=X  51

5*2  6  2     !
ã9>>98= # 
D *+=2$6?=X  51 
5*2  6   2
 "  %!  "   '<+8=:9<>+>398 =+0/>C ./@3-/= </79@/.

   
 "  ! #(" !"' $  %" %/79@/ ><+8=:9<>+>398 =+0/>C ./@3-/=  !""
/=-+6/ +--9<.381 >9 >2/ 38=><?->398= 90 >2/ ./=-+6381 +1/8>F7+8?0+->?</< 89> </;?3</. 09<


*&


*&

Æ9>>98= 
D *+=2$6?=X  51 
5*2 
6  2 !" #"!
*&

-9<</-> ./>/<1/8> .9=+1/ "! "  $$


A+=CF+</ 
D &:38 </=?6> 89> =+>3=0+->9<C  e #"0!#" -+*'*%=/6/->/.  
A+=CF+</ 
D
*+=2$6?=X 51
 5*2 
6   2

%/6/+=/ A+>/< :</==?</ 38 >2/ =?::6C 29=/
'?<8 900 >2/ >+:
F
+6=9 =?3>+,6/ += .&+-/  51
 5*2 
6
 2      !     
F 3=:6+C :+8/6 38.3-+>9< 6312>=  $9A/< 0+36?</
".+#
 °C

 &/6/-> +8C :<91<+77/ /B-/:> ,'*B-'*b


  °C

,-+%-))# .9 89> 0?8->398 A236/ >2/



 


 
 °C

 °C


 °C


 °C

 $</== /-/M /+@/ :<91<+77/ 09< +::<9B 


=/-98.=  ?=/ ><3::/. &A3>-2 98 </:6+-/ 0?=/
°

à!3B/. 9+.
D  51
 5*2  6
 2
 &/> :<91<+77/ =/6/->9< >9 $$ +::63+8-/ 3= <?88381
 0 >2/ 0+?6> 9--?<= </:/+>/.6C -+66 -?=>97/< =/<@3-/
/63-+>/=
D  51
  5*2  6
 2  69=/ >2/ A+=2381 7+-238/ .99< :<9:/<6C A+=2381 7+C ,/ -+?12>  %/79@/ 29=/ 0<97 >+: $<91<+77/ :<91</== 6981/<  "9> + 0+?6>  ?8,+6+8-/. 69+. ./>/->398 =C=>/7 +.4?=>=
u*996
D 51
  5*2  6

2  '?<8 >2/ >+: 98 0?66C =?::6C 29=/ 5385/. 4+77/.  6/+8 036>/< A3>2 =7+66 ,<?=2 F 37,+6+8-/ ,C </:/+>/.6C .3=><3,?>381 >2/ A+=2381
 ( $#! %&$&""'

>2+8 ?=?+6
-6/+8 036>/<   A+>/< :</==?</ >99 69A  /:/8.381 98 >2/ 79./6 </79@/ 29=/ 0<97 >2/ </+<  "9> + 0+?6>  09+7 -98><96 =C=>/7 +->3@/  + <38=/ -C-6/ 3=
90>2/ +::63+8-/ +8. -6/+8 >2/ 036>/< =>+<>/.
à  * $

 $<91<+77/ =/>>381 >9 ,/ >/=>/. 38 +--9<.+8-/ A3>2 ?<9:/+8 =>+8.+<. 


  6/+8 ./>/<1/8>F=96?>398 :?7:   9?>6/> :3:/ .<+38+1/ 29=/ ,69-5/.
/>/<1/8> </=3.?/ 98 >2/  #--+=398+66C :29=:2+>/F0<// ./>/<1/8>= -98>+38
F
  

A '+, &

"9>/ 98 -97:+<+>3@/ >/=>= >/=> >2/ >/=> :<91<+77/ A3>2 7+B37?7 69+. .&(0.X 9:>398
Æ $(($#'

 !9>9< 0+?6> +66 -?=>97/< =/<@3-/


u $$!!#'

A+=2381 A+>/<F38=96?,6/ </=3.?/


=/6/->/. 7+B37?7 =:38 =://.  &/6/-> á -#.&#*,'*.#9< ,<?=2 >2/ 6+?8.<C +0>/<
 988/-> >2/ 29=/ +8. -2/-5 09< 6/+5=
! ('

 .&+-/ ,-+%-))# A23-2 -+8 ,/ ?=/. 09< -969?</. 3>/7= 3= A.24-#


 3 A3>29?> >2/  *+>/< 38 >2/ ,+=/ :+8 +::63+8-/ 6/+5381 +66 -?=>97/< =/<@3-/
A+=2381 #" /&#.# '*./-0!/'+*. #$+-# .1'/!&'*% +* /&# 1.&'*% )!&'*#
.&(0.X 9:>398 =/6/->/. +8. =/> >9 7+B37?7 =:38 =://.
(.+ $+((+1 /&# .#,-/# *./((/'+* '*./-0!/'+*.
 

0 + 0+?6> -+889> ,/ </->303/. 9< + </:+3< 3= </;?3</.


 '2/ @+6?/= ./@3+>/ 0<97 >2/ 38.3-+>/. @+6?/= ./:/8.381 98 A+>/< :</==?</ A+>/< 2+<.8/== A+>/<
386/> >/7:/<+>?</ <997 >/7:/<+>?</ >C:/ +8. +79?8> 90 A+=2381 +8. ./1<// 90 =936381 ?>363=/.
F  &/> :<91<+77/ =/6/->9< >9 $$ +8. :?66 9?> >2/ 7+38= :6?1
+((+1 /&# .$#/2 '*./-0!/'+*. +* ,%#

7 ./>/<1/8> 06?->?+>398= 38 >2/ 7+38= @96>+1/ +8. =/6/->/. +..3>398+6 0?8->398=     '?<8 900 >2/ >+: +8. -+66 -?=>97/< =/<@3-/  !"" !" #"! 

You might also like