Document 7220-D03 Rev A 10/04/2003

Technical Data Sheet

LOCTITE® 222
January-2009

PRODUCT DESCRIPTION 100

% of Full Strength on Steel

LOCTITE® 222 provides the following product characteristics:
Technology Acrylic

e
75

at
l
Chemical Type Dimethacrylate ester

ee

m
ro
St
Appearance (uncured) Purple liquidLMS

ch
di
Fluorescence Positive under UV lightLMS

nc
50

Zi
Components One component -
requires no mixing el
s s te
Viscosity Low, thixotropic 25 as
Br less
Cure Anaerobic ain
St
Secondary Cure Activator 0
Application Threadlocking 1min 5min10min 30min 1h 3h 6h 24h 72h
Strength Low Cure Time

LOCTITE® 222 is designed for the locking and sealing of
threaded fasteners which require easy disassembly with
standard hand tools. The product cures when confined in the
absence of air between close fitting metal surfaces and
prevents loosening and leakage from shock and vibration.
Particularly suitable for applications such as adjustment of
set screws, small diameter or long engagement length
Cure Speed vs. Bond Gap
The rate of cure will depend on the bondline gap. Gaps in
threaded fasteners depends on thread type, quality and size.
The following graph shows shear strength developed with time
on steel pins and collars at different controlled gaps and tested
according to ISO 10123.
100
% of Full Strength on Steel

fasteners, where easy disassembly is required without

shearing the screw. The thixotropic nature of LOCTITE® 222
reduces the migration of liquid product after application to the 75

m
substrate. m

m
m
05
2

m
0.

m
0.
TYPICAL PROPERTIES OF UNCURED MATERIAL 50

15
0.
Specific Gravity @ 25 °C 1.05
Flash Point - See SDS
Viscosity, Brookfield - RVT, 25 °C, mPa·s (cP): 25
Spindle 3, speed 2.5 rpm, ≥3,500
Spindle 3, speed 20 rpm 900 to 1,500LMS
0
Viscosity, EN 12092 - MV, 25 °C, after 180 s, mPa·s (cP):
1min 5min10min 30min 1h 3h 6h 24h 72h
Shear rate 277 s-1 135 Cure Time
TYPICAL CURING PERFORMANCE
Cure Speed vs. Temperature
Cure Speed vs. Substrate The rate of cure will depend on the temperature. The graph
The rate of cure will depend on the substrate used. The graph below shows the breakaway strength developed with time at
below shows the breakaway strength developed with time on different temperatures on M10 steel nuts and bolts and tested
M10 steel nuts and bolts compared to different materials and according to ISO 10964.
tested according to ISO 10964.
 TDS LOCTITE® 222, January-2009

% of Full Strength on Steel 100 (lb.in.) (50)

Prevail Torque, ISO 10964:

75 M10 steel nuts and bolts N·m 4
(lb.in.) (35)

°C
40
Breakloose Torque, ISO 10964, Pre-torqued to 5 N·m:

C
°C
50

5°
M10 steel nuts and bolts N·m 14

22
(lb.in.) (120)

25 Max. Prevail Torque, ISO 10964, Pre-torqued to 5 N·m:

M10 steel nuts and bolts N·m 14
(lb.in.) (120)
0
1min 5min10min 30min 1h 3h 6h 24h 72h Compressive Shear Strength, ISO 10123:
Cure Time Steel pins and collars N/mm² ≥2.5LMS
(psi) (≥360)

TYPICAL ENVIRONMENTAL RESISTANCE

Cured for 1 week @ 22 °C
Breakloose Torque, ISO 10964, Pre-torqued to 5 N·m:
M10 zinc phosphate steel nuts and bolts

Hot Strength
Tested at temperature
100
% Strength @ 22 °C
Cure Speed vs. Activator
Where cure speed is unacceptably long, or large gaps are 75
present, applying activator to the surface will improve cure
speed. The graph below shows the breakaway strength
developed with time on M10 zinc dichromate steel nuts and 50
bolts using Activator 7471™ and 7649™ and tested according
to ISO 10964.
25

100
% of Full Strength on Steel

0
No activator 0 50 100 150
75 Temperature, °C
™
471 Heat Aging
50 or7 Aged at temperature indicated and tested @ 22 °C
9™ivat
or 764 Act
125
i vat
% Initial Strength @ 22 °C

25 Act
120 °C
100
0
1min 5min10min 30min 1h 3h 6h 24h 72h 75
Cure Time
50
TYPICAL PROPERTIES OF CURED MATERIAL 150 °C
Physical Properties: 25
Coefficient of Thermal Expansion, 80×10-6
ISO 11359-2, K-1
Coefficient of Thermal Conductivity, ISO 8302, 0.1 0
0 1000 2000 3000 4000 5000
W/(m·K) Exposure Time, hours
Specific Heat, kJ/(kg·K) 0.3
Chemical/Solvent Resistance
TYPICAL PERFORMANCE OF CURED MATERIAL
Aged under conditions indicated and tested @ 22 °C.
Adhesive Properties
% of initial strength
After 24 hours @ 22 °C Environment °C 100 h 500 h 1000 h 5000 h
Breakaway Torque, ISO 10964: Motor oil (MIL-L-46152) 125 100 95 90 85
M10 steel nuts and bolts N·m 6
Leaded Petrol 22 95 95 95 95

Henkel Americas Henkel Europe Henkel Asia Pacific

+860.571.5100 +49.89.320800.1800 +86.21.2891.8859
For the most direct access to local sales and technical support visit: www.henkel.com/industrial

Brake fluid 22 95 95 95 90
Water/glycol 50/50 87 80 80 80 80
Acetone 22 100 90 90 90
Ethanol 22 95 95 90 90
GENERAL INFORMATION
This product is not recommended for use in pure oxygen
and/or oxygen rich systems and should not be selected as
a sealant for chlorine or other strong oxidizing materials.
For safe handling information on this product, consult the
Safety Data Sheet (SDS).
Where aqueous washing systems are used to clean the
surfaces before bonding, it is important to check for
compatibility of the washing solution with the adhesive. In
some cases these aqueous washes can affect the cure and
performance of the adhesive.
This product is not normally recommended for use on plastics
(particularly thermoplastic materials where stress cracking of
the plastic could result). Users are recommended to confirm
compatibility of the product with such substrates.
Directions for use:
For Assembly
1. For best results, clean all surfaces (external and internal)
with a LOCTITE® cleaning solvent and allow to dry.
2. If the material is an inactive metal or the cure speed is too
slow, spray all threads with and allow to dry.
3. Shake the product thoroughly before use.
4. To prevent the product from clogging in the nozzle, do not
allow the tip to touch metal surfaces during application.
5. For Thru Holes, apply several drops of the product onto
the bolt at the nut engagement area.
6. For Blind Holes, apply several drops of the product down
the internal threads to the bottom of the hole.
7. Assemble and tighten as required.
8. For Sealing Applications, apply a 360° bead of product
to the leading threads of the male fitting, leaving the first
thread free. Force the material into the threads to
thouroughly fill the voids. For bigger threads and voids,
adjust product amount accordingly and apply a 360° bead
of product on the female threads also.
For Disassembly
1. Remove with standard hand tools.
2. In rare instances where hand tools do not work because
of excessive engagement length, apply localized heat to
nut or bolt to approximately 250 °C. Disassemble while
hot.
For Cleanup
1. Cured product can be removed with a combination of
soaking in a Loctite solvent and mechanical abrasion
such as a wire brush.
Henkel Americas Henkel Europe
+860.571.5100 +49.89.320800.1800
For the most direct access to local sales and technical support visit: www.henkel.com/industrial
TDS LOCTITE® 222, January-2009
Loctite Material SpecificationLMS
LMS dated May-18, 1999. Test reports for each batch are
available for the indicated properties. LMS test reports include
selected QC test parameters considered appropriate to
specifications for customer use. Additionally, comprehensive
controls are in place to assure product quality and
consistency. Special customer specification requirements may
be coordinated through Henkel Quality.
Storage
Store product in the unopened container in a dry location.
Storage information may be indicated on the product container
labeling.
Optimal Storage: 8 °C to 21 °C. Storage below 8 °C or
greater than 28 °C can adversely affect product properties.
Material removed from containers may be contaminated during
use. Do not return product to the original container. Henkel
Corporation cannot assume responsibility for product which
has been contaminated or stored under conditions other than
those previously indicated. If additional information is required,
please contact your local Technical Service Center or
Customer Service Representative.
Conversions
(°C x 1.8) + 32 = °F
kV/mm x 25.4 = V/mil
mm / 25.4 = inches
µm / 25.4 = mil
N x 0.225 = lb
N/mm x 5.71 = lb/in
N/mm² x 145 = psi
MPa x 145 = psi
N·m x 8.851 = lb·in
N·m x 0.738 = lb·ft
N·mm x 0.142 = oz·in
mPa·s = cP
Note:
The information provided in this Technical Data Sheet (TDS) including
the recommendations for use and application of the product are based
on our knowledge and experience of the product as at the date of this
TDS. The product can have a variety of different applications as well as
differing application and working conditions in your environment that
are beyond our control. Henkel is, therefore, not liable for the suitability
of our product for the production processes and conditions in respect
of which you use them, as well as the intended applications and
results. We strongly recommend that you carry out your own prior trials
to confirm such suitability of our product.
Any liability in respect of the information in the Technical Data Sheet or
any other written or oral recommendation(s) regarding the concerned
product is excluded, except if otherwise explicitly agreed and except in
relation to death or personal injury caused by our negligence and any
liability under any applicable mandatory product liability law.
In case products are delivered by Henkel Belgium NV, Henkel
Electronic Materials NV, Henkel Nederland BV, Henkel
Technologies France SAS and Henkel France SA please
additionally note the following:
In case Henkel would be nevertheless held liable, on whatever legal
ground, Henkel’s liability will in no event exceed the amount of the
concerned delivery.
In case products are delivered by Henkel Colombiana, S.A.S. the
following disclaimer is applicable:
The information provided in this Technical Data Sheet (TDS) including
the recommendations for use and application of the product are based
on our knowledge and experience of the product as at the date of this
TDS. Henkel is, therefore, not liable for the suitability of our product for
the production processes and conditions in respect of which you use
them, as well as the intended applications and results. We strongly
recommend that you carry out your own prior trials to confirm such
suitability of our product.
Any liability in respect of the information in the Technical Data Sheet or
Henkel Asia Pacific
+86.21.2891.8859
 TDS LOCTITE® 222, January-2009

any other written or oral recommendation(s) regarding the concerned

product is excluded, except if otherwise explicitly agreed and except in
relation to death or personal injury caused by our negligence and any
liability under any applicable mandatory product liability law.
In case products are delivered by Henkel Corporation, Resin
Technology Group, Inc., or Henkel Canada Corporation, the
following disclaimer is applicable:
The data contained herein are furnished for information only and are
believed to be reliable. We cannot assume responsibility for the results
obtained by others over whose methods we have no control. It is the
user's responsibility to determine suitability for the user's purpose of
any production methods mentioned herein and to adopt such
precautions as may be advisable for the protection of property and of
persons against any hazards that may be involved in the handling and
use thereof. In light of the foregoing, Henkel Corporation specifically
disclaims all warranties expressed or implied, including
warranties of merchantability or fitness for a particular purpose,
arising from sale or use of Henkel Corporation’s products. Henkel
Corporation specifically disclaims any liability for consequential
or incidental damages of any kind, including lost profits. The
discussion herein of various processes or compositions is not to be
interpreted as representation that they are free from domination of
patents owned by others or as a license under any Henkel Corporation
patents that may cover such processes or compositions. We
recommend that each prospective user test his proposed application
before repetitive use, using this data as a guide. This product may be
covered by one or more United States or foreign patents or patent
applications.
Trademark usage
Except as otherwise noted, all trademarks in this document are
trademarks of Henkel Corporation in the U.S. and elsewhere. ®
denotes a trademark registered in the U.S. Patent and Trademark
Office.

Reference 0.5

Henkel Americas Henkel Europe Henkel Asia Pacific

+860.571.5100 +49.89.320800.1800 +86.21.2891.8859
For the most direct access to local sales and technical support visit: www.henkel.com/industrial
 JSQV\WQOZ ;ObO IVSSb

:=3A9A5^ *,+a
$J;I T]` \Se T]`[cZObW]\ ]T B]QbWbSi -/.n% CO`QV(-+,+

>?=4B3A 45@3?9>A9=< ,++

" RJ 6XOO @WUIQKWL RQ @WIIO

Z
BE:J@J<i -/.n ^`]dWRSa bVS T]ZZ]eW\U ^`]RcQb SS \WQ
Ib ]`UO
QVO`OQbS`WabWQa5 Q
20 ' NW\
AIGLQRORK\ 8Q`gZWQ T`SS
:`
:VS[WQOZ Jg^S ;W[SbVOQ`gZObS SabS` a
Oa
8^^SO`O\QS $c\Qc`SR% 9ZcS ZW_cWRBCI 0+ 9` SZ
=Zc]`SaQS\QS F]aWbWdS c\RS` KL ZWUVbBCI a abS
ZSa

S
Ob
:][^]\S\ba E\S Q][^]\S\b ( `S_cW`Sa \] [WfW\U OW\

[
-0 b

`]
I
LWaQ]aWbg CSRWc[' bVWf]b`]^WQ

QV
RW
3XUI 8\OS`]PWQ

\Q
NW
ISQ]\RO`g :c`S 8QbWdOb]` +
1SSOMGEWMRQ JV`SORZ]QYW\U ,[W\ 0[W\,+[W\ .+[W\ ,V .V 1V -/V 2-V
3XUI AMPI
Ib`S\UbV CSRWc[
3XUI @SIIH YV& 2RQH 7ES
ALMV AIGLQMGEO 4EWE @LIIW MV YEOMH JRU :=3A9A5^ *,+a
JVS `ObS ]T Qc`S eWZZ RS^S\R ]\ bVS P]\RZW\S UO^) >O^a W\
PEQXJEGWXUIH JURP WLI HEWIV RXWOMQIH MQ WLI bV`SORSR TOabS\S`a RS^S\Ra ]\ bV`SOR bg^S' _cOZWbg O\R aWhS)
!;EQXJEGWXUMQK 4EWI ?IJIUIQGI! VIGWMRQ) JVS T]ZZ]eW\U U`O^V aV]ea aVSO` ab`S\UbV RSdSZ]^SR eWbV bW[S
]\ abSSZ ^W\a O\R Q]ZZO`a Ob RWTTS`S\b Q]\b`]ZZSR UO^a O\R bSabSR
BE:J@J<i -/.n Wa RSaWU\SR T]` bVS Z]QYW\U O\R aSOZW\U ]T OQQ]`RW\U b] @IE ,+,-.)
bV`SORSR TOabS\S`a eVWQV `S_cW`S \]`[OZ RWaOaaS[PZg eWbV
,++
" RJ 6XOO @WUIQKWL RQ @WIIO

abO\RO`R VO\R b]]Za) JVS ^`]RcQb Qc`Sa eVS\ Q]\TW\SR W\ bVS

OPaS\QS ]T OW` PSbeSS\ QZ]aS TWbbW\U [SbOZ ac`TOQSa O\R
^`SdS\ba Z]]aS\W\U O\R ZSOYOUS T`][ aV]QY O\R dWP`ObW]\) JVS 20
bVWf]b`]^WQ \Obc`S ]T BE:J@J<i -/.n `SRcQSa bVS [WU`ObW]\ ]T
ZW_cWR ^`]RcQb OTbS` O^^ZWQObW]\ b] bVS acPab`ObS) BE:J@J<i

[
0[
0+

0[
-/.n ^`]dWRSa `]Pcab Qc`W\U ^S`T]`[O\QS) @b \]b ]\Zg e]`Ya

+)+

[
+),
]\ OQbWdS [SbOZa $S)U) P`Oaa' Q]^^S`% Pcb OZa] ]\ ^OaaWdS

[
-0
acPab`ObSa acQV Oa abOW\ZSaa abSSZ O\R ^ZObSR ac`TOQSa) JVS -0

+)
^`]RcQb ]TTS`a VWUV bS[^S`Obc`S ^S`T]`[O\QS O\R ]WZ b]ZS`O\QS)
@b b]ZS`ObSa [W\]` ac`TOQS Q]\bO[W\ObW]\a T`][ dO`W]ca ]WZa'
+
acQV Oa QcbbW\U' ZcP`WQObW]\' O\bW(Q]``]aW]\ O\R ^`]bSQbW]\ TZcWRa) ,[W\ 0[W\,+[W\ .+[W\ ,V .V 1V -/V 2-V
3XUI AMPI
<@6 9QWIUQEWMRQEO
?IKMVWIUIH WR <@6 3EWIKRU\ >) T]` caS Oa O aSOZO\b eVS`S 3XUI @SIIH YV& AIPSIUEWXUI
bVS`S Wa \] ^]aaWPWZbg ]T T]]R Q]\bOQb W\ O\R O`]c\R T]]R JVS `ObS ]T Qc`S eWZZ RS^S\R ]\ bVS bS[^S`Obc`S) JVS U`O^V
^`]QSaaW\U O`SOa) <RWI/ JVWa Wa O `SUW]\OZ O^^`]dOZ) FZSOaS PSZ]e aV]ea bVS P`SOYOeOg ab`S\UbV RSdSZ]^SR eWbV bW[S Ob
Q]\bOQb g]c` Z]QOZ JSQV\WQOZ IS`dWQS :S\bS` T]` []`S RWTTS`S\b bS[^S`Obc`Sa ]\ C,+ abSSZ \cba O\R P]Zba O\R bSabSR
W\T]`[ObW]\ O\R QZO`WTWQObW]\) OQQ]`RW\U b] @IE ,+41/)
AD>931: >?=>5?A95@ =6 B<3B?54 ;1A5?91: ,-+
" RJ 6XOO @WUIQKWL RQ @WIIO

I^SQWTWQ >`OdWbg 7 -0 j: ,)+3

=ZOaV F]W\b ( ISS CI;I ,++
LWaQ]aWbg' 9`]]YTWSZR ( HLJ' -0 j:' [FOma $QF%5
j:

j:

I^W\RZS .' a^SSR -+ `^[ ,'.++ b] .'+++BCI 3+

/+

--

LWaQ]aWbg' :]\S " FZObS' -0 j:' [FOma $QF%5

j:

:]\S .0*-jJW 7 aVSO` `ObS ,-4 a(, .0+ 1+

0

/+

-+
AD>931: 3B?9<7 >5?6=?;1<35
3XUI @SIIH YV& @XFVWUEWI +
,[W\ 0[W\,+[W\ .+[W\ ,V .V 1V -/V 2-V
JVS `ObS ]T Qc`S eWZZ RS^S\R ]\ bVS acPab`ObS caSR) JVS U`O^V 3XUI AMPI
PSZ]e aV]ea bVS P`SOYOeOg ab`S\UbV RSdSZ]^SR eWbV bW[S ]\
C,+ abSSZ \cba O\R P]Zba Q][^O`SR b] RWTTS`S\b [ObS`WOZa O\R
bSabSR OQQ]`RW\U b] @IE ,+41/)
 J;I BE:J@J<i -/.n' CO`QV(-+,+

3XUI @SIIH YV& 1GWMYEWRU :c`SR T]` , eSSY 7 -- j:

MVS`S Qc`S a^SSR Wa c\OQQS^bOPZg Z]\U' ]` ZO`US UO^a O`S 9`SOYZ]]aS J]`_cS' @IE ,+41/' F`S(b]`_cSR b] 0 Dm[5
^`SaS\b' O^^ZgW\U OQbWdOb]` b] bVS ac`TOQS eWZZ W[^`]dS Qc`S C,+ hW\Q ^V]a^VObS \cba O\R P]Zba Dm[ -1
a^SSR) JVS U`O^V PSZ]e aV]ea bVS P`SOYOeOg ab`S\UbV $ZP)W\)% $-.+%
RSdSZ]^SR eWbV bW[S ]\ C,+ hW\Q RWQV`][ObS abSSZ \cba O\R C,+ abOW\ZSaa abSSZ \cba O\R P]Zba Dm[ ,2
P]Zba caW\U 8QbWdOb]` 2/2,n' 21/4n' 2+33n O\R 2+4,n O\R $ZP)W\)% $,0+%
bSabSR OQQ]`RW\U b] @IE ,+41/)
,++
" RJ 6XOO @WUIQKWL RQ @WIIO

AD>931: 5<C9?=<;5<A1: ?5@9@A1<35

3+ :c`SR T]` , eSSY 7 -- j:
9`SOYZ]]aS J]`_cS' @IE ,+41/' F`S(b]`_cSR b] 0 Dm[5
1+ C,+ hW\Q ^V]a^VObS abSSZ \cba O\R P]Zba
3n
2+3
/+ 21/4n
4,
n 8RW @WUIQKWL
2+ JSabSR Ob bS[^S`Obc`S
-+ n
2, ,-+
2/ D] 8QbWdOb]`
+

" @WUIQKWL 0 ** _3
,++
,[W\ 0[W\,+[W\ .+[W\ ,V .V 1V -/V 2-V
3XUI AMPI
3+
AD>931: >5?6=?;1<35 =6 3B?54 ;1A5?91:
1HLIVMYI >URSIUWMIV 1+

:c`SR T]` -/ V]c`a 7 -- j: /+

9`SOYOeOg J]`_cS' @IE ,+41/' K\aSObSR5
C,+ abSSZ \cba O\R P]Zba Dm[ -1 -+
$ZP)W\)% $-.+%
C1 abSSZ \cba O\R P]Zba Dm[ . +
$ZP)W\)% $-1% + 0+ ,++ ,0+ -++
AIPSIUEWXUI% _3
C,1 abSSZ \cba O\R P]Zba Dm[ //
$ZP)W\)% $.4+%
.*3 f ,1 abSSZ \cba O\R P]Zba Dm[ ,-
$ZP)W\)% $,+1% 8IEW 1KMQK
8USR Ob bS[^S`Obc`S W\RWQObSR O\R bSabSR 7 -- j:
F`SdOWZ J]`_cS 7 ,3+j' @IE ,+41/' K\aSObSR5 ,0+
" 9QMWMEO @WUIQKWL 0 ** _3

C,+ abSSZ \cba O\R P]Zba Dm[ 0 j:

$ZP)W\)% $/+% ,-+
,-0 ,++ j:
C1 abSSZ \cba O\R P]Zba Dm[ , ,0+ j:
$ZP)W\)% $3% ,++
C,1 abSSZ \cba O\R P]Zba Dm[ ,. ,3+ j
$ZP)W\)% $,,0% :
20 -++ j:
.*3 f ,1 abSSZ \cba O\R P]Zba Dm[ .
$ZP)W\)% $-1% 0+
9`SOYZ]]aS J]`_cS' @IE ,+41/' F`S(b]`_cSR b] 0 Dm[5
-0
C,+ abSSZ \cba O\R P]Zba Dm[ -/
$ZP)W\)% $-,+%
.*3 f ,1 abSSZ \cba O\R P]Zba Dm[ ,0 +
+ -++ /++ 1++ 3++ ,+++
$ZP)W\)% $,.+% 5[SRVXUI AMPI% LRXUV
F`SdOWZ J]`_cS 7 ,3+j' @IE ,+41/' F`S(b]`_cSR b] 0 Dm[5
C,+ abSSZ \cba O\R P]Zba Dm[ /
$ZP)W\)% $.0%
.*3 f ,1 abSSZ \cba O\R P]Zba Dm[ .)0
$ZP)W\)% $.+%

:][^`SaaWdS IVSO` Ib`S\UbV' @IE ,+,-.5

IbSSZ ^W\a O\R Q]ZZO`a D*[[k o2)1BCI
$^aW% $o,',++%

?S\YSZ 8[S`WQOa ?S\YSZ <c`]^S ?S\YSZ 8aWO FOQWTWQ

&31+)02,)0,++ &/4)34).-+3++),3++ &31)-,)-34,)331.
6RU WLI PRVW HMUIGW EGGIVV WR ORGEO VEOIV EQH WIGLQMGEO VXSSRUW YMVMW/ ZZZ&LIQNIO&GRP'MQHXVWUMEO
 J;I BE:J@J<i -/.n' CO`QV(-+,+

8IEW 1KMQK'8RW @WUIQKWL 4MUIGWMRQV JRU XVI/

8USR c\RS` Q]\RWbW]\a W\RWQObSR O\R bSabSR Ob bS[^S`Obc`S 6RU 1VVIPFO\
,-+ ,) =]` PSab `SacZba' QZSO\ OZZ ac`TOQSa $SfbS`\OZ O\R W\bS`\OZ%
" 9QMWMEO @WUIQKWL 0 ** _3

,++ j:
eWbV O BE:J@J<i QZSO\W\U a]ZdS\b O\R OZZ]e b] R`g)
,++ ,-+ j: -) @T bVS Qc`S a^SSR Wa b]] aZ]e' caS O^^`]^`WObS OQbWdOb]`)
3+ FZSOaS aSS bVS :c`S I^SSR da) 8QbWdOb]` U`O^V T]`
,0+ j: `STS`S\QS) 8ZZ]e bVS OQbWdOb]` b] R`g eVS\ \SSRSR)
1+ .) IVOYS bVS ^`]RcQb bV]`]cUVZg PST]`S caS)
,3+ j: /) J] ^`SdS\b bVS ^`]RcQb T`][ QZ]UUW\U W\ bVS \]hhZS' R]
/+ -++ \]b OZZ]e bVS bW^ b] b]cQV [SbOZ ac`TOQSa Rc`W\U
j:
O^^ZWQObW]\)
-+ 0) 6RU ALUX 8ROIV' O^^Zg aSdS`OZ R`]^a ]T bVS ^`]RcQb ]\b]
bVS P]Zb Ob bVS \cb S\UOUS[S\b O`SO)
+
+ -++ /++ 1++ 3++ ,+++ 1) 6RU 2OMQH 8ROIV' O^^Zg aSdS`OZ R`]^a ]T bVS ^`]RcQb b]
5[SRVXUI AMPI% LRXUV bVS Z]eS` bVW`R ]T bVS W\bS`\OZ bV`SORa W\ bVS PZW\R V]ZS' ]`
bVS P]bb][ ]T bVS PZW\R V]ZS)
2) 6RU @IEOMQK 1SSOMGEWMRQV' O^^Zg O .1+j PSOR ]T ^`]RcQb
3LIPMGEO'@ROYIQW ?IVMVWEQGI b] bVS ZSORW\U bV`SORa ]T bVS [OZS TWbbW\U' ZSOdW\U bVS TW`ab
8USR c\RS` Q]\RWbW]\a W\RWQObSR O\R bSabSR 7 -- j:) bV`SOR T`SS) =]`QS bVS [ObS`WOZ W\b] bVS bV`SORa b]
" RJ MQMWMEO VWUIQKWL bV]c`]cUVZg TWZZ bVS d]WRa) =]` PWUUS` bV`SORa O\R d]WRa'
5QYMURQPIQW _3 -(( L )((( L
ORXcab ^`]RcQb O[]c\b OQQ]`RW\UZg O\R O^^Zg O .1+j
PSOR ]T ^`]RcQb ]\ bVS TS[OZS bV`SORa OZa])
C]b]` ]WZ ,-0 ,,+ ,,0
3) 8aaS[PZS O\R bWUVbS\ Oa `S_cW`SR)
K\ZSORSR UOa]ZW\S -- ,++ 40
9`OYS TZcWR -- ,+0 ,,+ 6RU 4MVEVVIPFO\
MObS`*UZgQ]Z 0+*0+ 32 ,-+ ,-0 ,) HS[]dS eWbV abO\RO`R VO\R b]]Za)
8QSb]\S -- 30 30 -) @\ `O`S W\abO\QSa eVS`S VO\R b]]Za R] \]b e]`Y PSQOcaS
<bVO\]Z -- 40 4+ ]T SfQSaaWdS S\UOUS[S\b ZS\UbV' O^^Zg Z]QOZWhSR VSOb b]
<30 <bVO\]Z TcSZ -- 40 ,++ \cb ]` P]Zb b] O^^`]fW[ObSZg -0+ j:) ;WaOaaS[PZS eVWZS
V]b)
9,++ 9W](;WSaSZ -- ,,+ ,,+
.) 8^^Zg Z]QOZWhSR VSOb b] bVS OaaS[PZg b] O^^`]fW[ObSZg
-0+ j:) ;WaOaaS[PZS eVWZS V]b)
9`SOYZ]]aS J]`_cS' @IE ,+41/' F`S(b]`_cSR b] 0 Dm[5
C,+ IbOW\ZSaa abSSZ \cba O\R P]Zba 6RU 3OIEQXS
,) :c`SR ^`]RcQb QO\ PS `S[]dSR eWbV O Q][PW\ObW]\ ]T
" RJ MQMWMEO VWUIQKWL a]OYW\U W\ O B]QbWbS a]ZdS\b O\R [SQVO\WQOZ OP`OaW]\
5QYMURQPIQW _3 -(( L )((( L acQV Oa O eW`S P`caV)
I]RWc[ ?gR`]fWRS' -+! -- ,+0 ,+0
FV]a^V]`WQ 8QWR' ,+! -- ,,+ ,+0
:RGWMWI ;EWIUMEO @SIGMJMGEWMRQ:;@
BCI RObSR Ac\S(-4' -++4) JSab `S^]`ba T]` SOQV PObQV O`S
75<5?1: 9<6=?;1A9=< OdOWZOPZS T]` bVS W\RWQObSR ^`]^S`bWSa) BCI bSab `S^]`ba W\QZcRS
ALMV SURHXGW MV QRW UIGRPPIQHIH JRU XVI MQ SXUI R[\KIQ aSZSQbSR G: bSab ^O`O[SbS`a Q]\aWRS`SR O^^`]^`WObS b]
EQH'RU R[\KIQ UMGL V\VWIPV EQH VLRXOH QRW FI VIOIGWIH EV a^SQWTWQObW]\a T]` Qcab][S` caS) 8RRWbW]\OZZg' Q][^`SVS\aWdS
E VIEOEQW JRU GLORUMQI RU RWLIU VWURQK R[MHM]MQK PEWIUMEOV Q]\b`]Za O`S W\ ^ZOQS b] Oaac`S ^`]RcQb _cOZWbg O\R
Q]\aWabS\Qg) I^SQWOZ Qcab][S` a^SQWTWQObW]\ `S_cW`S[S\ba [Og
PS Q]]`RW\ObSR bV`]cUV ?S\YSZ GcOZWbg)
6RU VEJI LEQHOMQK MQJRUPEWMRQ RQ WLMV SURHXGW% GRQVXOW WLI
;EWIUMEO @EJIW\ 4EWE @LIIW #;@4@$&
@WRUEKI
Ib]`S ^`]RcQb W\ bVS c\]^S\SR Q]\bOW\S` W\ O R`g Z]QObW]\)
MVS`S O_cS]ca eOaVW\U agabS[a O`S caSR b] QZSO\ bVS Ib]`OUS W\T]`[ObW]\ [Og PS W\RWQObSR ]\ bVS ^`]RcQb Q]\bOW\S`
ac`TOQSa PST]`S P]\RW\U' Wb Wa W[^]`bO\b b] QVSQY T]` ZOPSZW\U)
Q][^ObWPWZWbg ]T bVS eOaVW\U a]ZcbW]\ eWbV bVS ORVSaWdS) @\ =SWMPEO @WRUEKI/ . _3 WR *) _3& @WRUEKI FIORZ . _3 RU
a][S QOaSa bVSaS O_cS]ca eOaVSa QO\ OTTSQb bVS Qc`S O\R KUIEWIU WLEQ *. _3 GEQ EHYIUVIO\ EJJIGW SURHXGW SURSIUWMIV
^S`T]`[O\QS ]T bVS ORVSaWdS) CObS`WOZ `S[]dSR T`][ Q]\bOW\S`a [Og PS Q]\bO[W\ObSR Rc`W\U
caS) ;] \]b `Sbc`\ ^`]RcQb b] bVS ]`WUW\OZ Q]\bOW\S`) ?S\YSZ
JVWa ^`]RcQb Wa \]b \]`[OZZg `SQ][[S\RSR T]` caS ]\ ^ZOabWQa :]`^]`ObW]\ QO\\]b Oaac[S `Sa^]\aWPWZWbg T]` ^`]RcQb eVWQV
$^O`bWQcZO`Zg bVS`[]^ZOabWQ [ObS`WOZa eVS`S ab`Saa Q`OQYW\U ]T VOa PSS\ Q]\bO[W\ObSR ]` ab]`SR c\RS` Q]\RWbW]\a ]bVS` bVO\
bVS ^ZOabWQ Q]cZR `SacZb%) KaS`a O`S `SQ][[S\RSR b] Q]\TW`[ bV]aS ^`SdW]caZg W\RWQObSR) @T ORRWbW]\OZ W\T]`[ObW]\ Wa `S_cW`SR'
Q][^ObWPWZWbg ]T bVS ^`]RcQb eWbV acQV acPab`ObSa) ^ZSOaS Q]\bOQb g]c` Z]QOZ JSQV\WQOZ IS`dWQS :S\bS` ]`
:cab][S` IS`dWQS HS^`SaS\bObWdS)

?S\YSZ 8[S`WQOa ?S\YSZ <c`]^S ?S\YSZ 8aWO FOQWTWQ

&31+)02,)0,++ &/4)34).-+3++),3++ &31)-,)-34,)331.
6RU WLI PRVW HMUIGW EGGIVV WR ORGEO VEOIV EQH WIGLQMGEO VXSSRUW YMVMW/ ZZZ&LIQNIO&GRP'MQHXVWUMEO
 J;I BE:J@J<i -/.n' CO`QV(-+,+

3RQYIUVMRQV
$j: f ,)3% & .- 6 j=
YL*[[ f -0)/ 6 L*[WZ
[[ * -0)/ 6 W\QVSa
l[ * -0)/ 6 [WZ
D f +)--0 6 ZP
D*[[ f 0)2, 6 ZP*W\
D*[[k f ,/0 6 ^aW
CFO f ,/0 6 ^aW
Dm[ f 3)30, 6 ZPmW\
Dm[ f +)2.3 6 ZPmTb
Dm[[ f +),/- 6 ]hmW\
[FOma 6 QF

;EQXJEGWXUMQK 4EWI ?IJIUIQGI

JVWa JSQV\WQOZ ;ObO IVSSb Wa dOZWR T]` BE:J@J<i -/.n
[O\cTOQbc`SR T`][ bVS RObSa PSZ]e5
;EHI MQ5 6MUVW PEQXJEGWXUMQK HEWI5
<K AcZg -++4
9`OhWZ AcZg -+,+
:VW\O 8cUcab -++4
@\RWO 8cUcab -++4
K)I)8) ;SQS[PS` -++4

JVS [O\cTOQbc`W\U RObS QO\ PS RSbS`[W\SR T`][ bVS PObQV

Q]RS ]\ bVS ^OQY) =]` OaaWabO\QS ^ZSOaS Q]\bOQb g]c` Z]QOZ
JSQV\WQOZ IS`dWQS :S\bS` ]` :cab][S` IS`dWQS HS^`SaS\bObWdS)

<RWI
JVS RObO Q]\bOW\SR VS`SW\ O`S Tc`\WaVSR T]` W\T]`[ObW]\ ]\Zg
O\R O`S PSZWSdSR b] PS `SZWOPZS) MS QO\\]b Oaac[S
`Sa^]\aWPWZWbg T]` bVS `SacZba ]PbOW\SR Pg ]bVS`a ]dS` eV]aS
[SbV]Ra eS VOdS \] Q]\b`]Z) @b Wa bVS caS`#a `Sa^]\aWPWZWbg b]
RSbS`[W\S acWbOPWZWbg T]` bVS caS`#a ^c`^]aS ]T O\g ^`]RcQbW]\
[SbV]Ra [S\bW]\SR VS`SW\ O\R b] OR]^b acQV ^`SQOcbW]\a Oa
[Og PS ORdWaOPZS T]` bVS ^`]bSQbW]\ ]T ^`]^S`bg O\R ]T ^S`a]\a
OUOW\ab O\g VOhO`Ra bVOb [Og PS W\d]ZdSR W\ bVS VO\RZW\U O\R
caS bVS`S]T) @\ ZWUVb ]T bVS T]`SU]W\U' 8IQNIO 3RUSRUEWMRQ
VSIGMJMGEOO\ HMVGOEMPV EOO ZEUUEQWMIV I[SUIVVIH RU MPSOMIH%
MQGOXHMQK ZEUUEQWMIV RJ PIUGLEQWEFMOMW\ RU JMWQIVV JRU E
SEUWMGXOEU SXUSRVI% EUMVMQK JURP VEOI RU XVI RJ 8IQNIO
3RUSRUEWMRQ`V SURHXGWV& 8IQNIO 3RUSRUEWMRQ VSIGMJMGEOO\
HMVGOEMPV EQ\ OMEFMOMW\ JRU GRQVITXIQWMEO RU MQGMHIQWEO
HEPEKIV RJ EQ\ NMQH% MQGOXHMQK ORVW SURJMWV& JVS RWaQcaaW]\
VS`SW\ ]T dO`W]ca ^`]QSaaSa ]` Q][^]aWbW]\a Wa \]b b] PS
W\bS`^`SbSR Oa `S^`SaS\bObW]\ bVOb bVSg O`S T`SS T`][
R][W\ObW]\ ]T ^ObS\ba ]e\SR Pg ]bVS`a ]` Oa O ZWQS\aS c\RS`
O\g ?S\YSZ :]`^]`ObW]\ ^ObS\ba bVOb [Og Q]dS` acQV
^`]QSaaSa ]` Q][^]aWbW]\a) MS `SQ][[S\R bVOb SOQV
^`]a^SQbWdS caS` bSab VWa ^`]^]aSR O^^ZWQObW]\ PST]`S `S^SbWbWdS
caS' caW\U bVWa RObO Oa O UcWRS) JVWa ^`]RcQb [Og PS Q]dS`SR
Pg ]\S ]` []`S K\WbSR IbObSa ]` T]`SWU\ ^ObS\ba ]` ^ObS\b
O^^ZWQObW]\a)

AUEHIPEUN XVEKI
<fQS^b Oa ]bVS`eWaS \]bSR' OZZ b`ORS[O`Ya W\ bVWa R]Qc[S\b
O`S b`ORS[O`Ya ]T ?S\YSZ :]`^]`ObW]\ W\ bVS K)I) O\R
SZaSeVS`S) i RS\]bSa O b`ORS[O`Y `SUWabS`SR W\ bVS K)I)
FObS\b O\R J`ORS[O`Y ETTWQS)

HSTS`S\QS +),

?S\YSZ 8[S`WQOa ?S\YSZ <c`]^S ?S\YSZ 8aWO FOQWTWQ

&31+)02,)0,++ &/4)34).-+3++),3++ &31)-,)-34,)331.
6RU WLI PRVW HMUIGW EGGIVV WR ORGEO VEOIV EQH WIGLQMGEO VXSSRUW YMVMW/ ZZZ&LIQNIO&GRP'MQHXVWUMEO