KXYc\Xl

[\jZfek\elj
:fek\elj F9A<:K@=JJF:@FC8E>8>@<IJ
jfZ`fZlckli\cj
C\ƒfej FYa\Zk`]jZfddle`ZXk`]j FYa\Zk`]jc`e^l`jk`hl\j

K_„dXk`hl\j \kjXmf`i$]X`i\ >iXddXk`ZXlo C\o`ZXlo G_fe„k`hl\j
;FJJ@<I(1AËX`[\ji\cXk`fej
›GXic\i[Ële\i\cXk`fe ›C\jgifefdji\cXk`]j1 ›Efdj\kX[a\Zk`]j ›Fggfj`k`feR"T&RIT&R&RRT
( 3FMBUJPOT
BNJDBMFT Xd`ZXc\
›;„Zi`i\le\g\ijfee\
gk_"gk["}gk_
›C\jjkilZkli\jgfli
[\cXZXiXZk„i`jXk`fe
gjpZ_fcf^`hl\#
gifefeZ`Xk`fe
[\gk__b#gkÊ_b#gk_[bb[#
ZXiXZk…i\#[„]Xlkj# [fee\ile\[„Ôe`k`fe1 cXg\ijfeeXc`k„ gkÊ[bb[#gk[
hlXc`k„j YÊ[ij"`eÔe`k`]#YÊ[ij ›G_fe`\$^iXg_`\1
gkWdZ"YÊ[ij!efd Z_ij_dYj_edZ[iiedi
"gifgfj`k`fei\cXk`m\ R"T&RIT&RT
›CËXZZfi[[lgXik`Z`g\
g%()~(, gXjj„i„m`j`fe
›G Xic\i[\j\ji\cXk`fej ›C\[`jZflij`e[`i\Zk ›C`\lo\k_XY`kXekj# ›yc`j`fe[\½"¾
) 3FMBUJPOT


EF
WPJTJOBHF [\mf`j`eX^\
›IXggfik\i[\jgXifc\j
Xlgi„j\ek
›@dgXi]X`k&gi„j\ek
m`\\eZfgifgi`„k„#
mf`j`eX^\
[Xej½jË`c¾
\kgifefeZ`Xk`fe
›:fdgXi\i#„mfhl\i i„m`j`fe ›<ogi\jj`fejgfli [\½j`\cc\¾
[\jZ_Xe^\d\ekj ›JkilZkli\j i„X^`igfj`k`m\d\ek ›Ipk_d\\kd„cf[`\
[\cXZfdgXiX`jfe ~le„m„e\d\ek [Xejc\[`jZflij
`e[`i\ZkXlgi„j\ek
g%(-~(0 ^iflg\jipk_d`hl\j
›IXZfek\ile\i\eZfeki\ ›@dgXi]X`k&gXjj„ ›K\id\jc`„j ›Fggfj`k`feRT&RIT1
* 3FODPOUSFT


BNPVSFVTFT ›IXZfek\ic\jjl`k\j
[Ële\i\eZfeki\
Zfdgfj„
›C\jdXihl\lij
~cXi\eZfeki\
Xdfli\lj\
[`jk`eZk`fe`dgXi]X`k&
gXjj„Zfdgfj„
k\dgfi\cj( 1_boW" \kXlZflg[\]fl[i\ ›G_fe`\$^iXg_`\1
g%)'~)* ZWdi"f[dZWdj b[iiediRT&RIT

!=NJAP
›;„Zflmi`i&„Z_Xe^\ijlic\j^iXe[jefdj[\cXZlckli\]iXeƒX`j\fl]iXeZfg_fe\~~gXik`i[\[fZld\ekj
gXik`i [\ [fZld\ekj
@A
3FMBUJPOT c`kk„iXkli\#Z`e„dX#YXe[\[\jj`e„\#g\`ekli\ c`„jXlok_„dXk`hl\j[l[fjj`\i%%
RKU=CA

;FJJ@<I)1KflkkiXmX`cd„i`k\jXcX`i\
›:fdgi\e[i\ ›C\jdXihl\lijk\d$ ›K\id\jgfligXic\i ›Fggfj`k`feRTR/T
( 3FDIFSDIF


EµFNQMPJ

le\XeefeZ\[Ë\dgcf`
\kj\gi„j\ek\i
gfi\cj) 1f[dZWdj"
Z[fk_i"Z[¾}"[d
[\j„kl[\j
›=fidlc\j[\cXc\kki\
FU
QSnTFOUBUJPO
\eZfek\ok\gif]\jj`fe$ ]fid\cc\#[\dfk`mXk`fe
FO
TJUVBUJPO

e\c
QSPGFTTJPOOFMMF ›:fdgi\e[i\\ki„[`^\i
le:M\kle\c\kki\
g%)/~*( ]fid\cc\j`dgc\j
›;fee\i[\jZfej\`cj# ›JkilZkli\jgfli ›=fidlc\j`dg\ijfee\c$ ›I\^`jki\j[\cXe^l\
) $POTFJMT
QPVS

MFT
FOUSFUJFOT
d\kki\\e^Xi[\
›@e[`hl\i
\ogi`d\ic\Zfej\`c1
`dg„iXk`]#[\mf`i
c\jgfli\ogi`d\icX ~cËfiXc
e„Z\jj`k„1`c\jk`dgfi$ ›@ekfeXk`fe1
EµFNCBVDIF [\jZ_Xe^\d\ekj "`eÔe`k`]#i_"gi„j\ek& kXek&\jj\ek`\c[\¿ Zfej\`c&fYc`^Xk`fe
e„Z\jjX`i\j ]lkli#_b\Wkjgk[ ›C\i\^`jki\jkXe[Xi[ ›GifefeZ`Xk`fe
"jlYafeZk`] \kc\i\^`jki\]Xd`c`\i( [ljlYafeZk`]
›C\jlYafeZk`]gfli\ogi`$
g%*)~*, d\icXe„Z\jj`k„(
›IXZfek\ile\\og„i`\eZ\ ›C\gclj$hl\$gXi]X`k ›K\id\jc`„j~cX ›GifefeZ`Xk`fe[\j
* &YQnSJFODFT
EF
TUBHFT
gif]\jj`fee\cc\
›GXic\i[\j\jXZk`m`k„j
›C\jgifefdj\k
X[m\iY\j`e[„Ôe`j1
i\Z_\iZ_\[Ë\dgcf`
\k~cË\eki\gi`j\
X[m\iY\j\e½d\ek¾
›G_fe`\$^iXg_`\1
FO
FOUSFQSJTF gif]\jj`fee\cc\j gk[bgkÊkd" b[iedR;T
h_[d"f[hiedd["
dkbb[fWhj"\kZ%
g%*-~*0 ›C\jX[m\iY\j

!=NJAP
-FT
'SBOmBJT


@A
›;„Zflmi`i[\lom`j`fej[ldfe[\[lkiXmX`c1m`j`fecl[`hl\b[`[kZ[bÊe_[i_l[jƒ \km`j`fejfZ`fcf^`hl\
- RKU=CA FU
MF
USBWBJM
i_n

01-M.P. ALTER DEBUT.indd 6 5/05/06 17:01:32

 :fek\elj F9A<:K@=JJF:@FC8E>8>@<IJ
jfZ`fZlckli\cj
C\ƒfej FYa\Zk`]jZfddle`ZXk`]j FYa\Zk`]jc`e^l`jk`hl\j

K_„dXk`hl\j \kjXmf`i$]X`i\ >iXddXk`ZXlo C\o`ZXlo G_fe„k`hl\j
;FJJ@<I*1MfljXm\q[`k=iXeZ\6
›GXic\i[ËlegXpj ›Gifefdji\cXk`]j ›Hl\chl\j\ogi\jj`fej ›G_fe`\$^iXg_`\1
( 4UnSnPUZQFT


MFT
'SBOmBJT
WVT
\k[\j\j_XY`kXekj
›;„Zflmi`i
e’\kZedj
›C\jgifefdj
gfligXic\i[ËlegXpj Z _ij_dYj_edZ[iiedi
Zfe[`k`fej[\m`\# R6T%R=T
EµBJMMFVST [\jjk„i„fkpg\j [„dfejkiXk`]jY[bk_" d\ekXc`k„j
g%++~+. Y[bb["Y[kn"Y[bb[i¾
›:fdgi\e[i\ ›C\jgifefdj ›K\id\jc`„j ›C\jfeR>[T
) 5PVSJTNF
WFSU


FU
UPVSJTNF
[\ji\ej\`^e\d\ekj
kfli`jk`hl\j#]X`i\
[d\ko[\c`\l
›C\^„ife[`]
~cXi„j\imXk`fe
\kXlo
›G_fe`\$^iXg_`\1
b[iedRR>[T
JOTPMJUF le\i„j\imXk`fe i\ej\`^e\d\ekj
kfli`jk`hl\ji\gXj#
g%+/~,( _„Y\i^\d\ek¿
›:fdgi\e[i\le\„kl[\ ›C\jlg\icXk`] ›M`cc\[\gifm`eZ\ ›GifefeZ`Xk`fe
* 2VBMJUn
EF
WJF
1BSJTQSPWJODF ZfdgXiXk`m\
›GXic\i[\jfec`\l[\m`\#
›9[gk_"Y[gk[gfli
d\kki\\ei\c`\]
\kZXg`kXc\
›Hl\chl\jm\iY\jgfli
[\½gclj¾

aljk`Ô\ij\jZ_f`o gXic\i[\jXmXekX^\j
g%,)~,, [Ële\m`cc\
!=NJAP
7BDBODFT

›JË`[\ek`Ô\i~legfikiX`kkpg\[\mXZXeZ`\i#[„Zi`i\jfeZfdgfik\d\ek\emXZXeZ\j
@A
›;„Zflmi`i\k`ek\igi„k\i[\j[fee„\jjlic\jmXZXeZ\j[\j=iXeƒX`j#ZfdgXi\i
ZfdgXi\iXm\ZjfegXpj
Xm\Z jfe gXpj
RKU=CA
FU
WBDBODJFST
;FJJ@<I+1D„[`XdXe`X
›:fdgi\e[i\[\jk`ki\j ›CXefd`eXc`jXk`fe ›K\id\jc`„j ›C\ipk_d\
( 1SFTTF
nDSJUF


FU
BVUSFT
NnEJBT [\gi\jj\ ›C\^\ei\[\jefdj
›I„X^`i&[fee\ijfefg`e`fe ›9Ê[ij¾gk_"YÊ[ij¾gk[
~cXgi\jj\#cXiX[`f#
cXk„c„m`j`fe
[\cXg_iXj\
\kcË`ekfeXk`fe
jlilegif^iXdd\ gflid\kki\\ei\c`\] [\cXd`j\\ei\c`\]
g%-'~-* [\k„c„m`j`fe
›:fdgi\e[i\[\j ›C\jk\dgj[lgXjj„ ›K\id\jc`„j~cX
›CË\eZ_XŠe\d\ek
) 'BJUT
EJWFST


EBOT
MB
QSFTTF

„m„e\d\ekjiXggfik„j
[Xejc\jd„[`Xj
›CX]fid\gXjj`m\
›CËXZZfi[[lgXik`Z`g\
[„ZcXiXk`fe[\mfc1
mfZXc`hl\
›G _fe`\$^iXg_`\1
g\ijfee\j\kXZk`fej
FU
h
MB
SBEJP

›K„df`^e\i[Ële„m„e\d\ek gXjj„Xm\Zc\:F; bÊWYYehZZkfWhj_Y_f[
g%-+~-. UnNPJHOBHFT fWiiƒWl[YXmf`i
$SJUJRVFT
EF
¾MN

›:fdgi\e[i\cXgi„j\ekXk`fe ›C\jgifefdjg\ijfee\cj ›K\id\jc`„jXlZ`e„dX ›CË`ekfeXk`fe\ogi\jj`m\1
* FU
GFTUJWBM

[ËleÔcd\k[\jZfdd\ekX`i\j Xgi…j}\kZ[
Zi`k`hl\j
›M\iY\jgfliXeefeZ\i \ek_flj`Xjd\#
legXcdXi…j „kfee\d\ek#[„Z\gk`fe
EF
DJOnNB
g%-/~.( ›<ogi`d\i[\jXggi„Z`Xk`fej
!=NJAP
-B
QSFTTF

›I„X^`i~gXik`i[\k`ki\j#[„Zflmi`ic\ZcXjj\d\ek[\cXgi\jj\hlfk`[`\ee\\kdX^Xq`e\clj\e=iXeZ\
@A
›:i„\ilek`ki\[\gi\jj\\kgi„gXi\icXle\
RKU=CA
FO
'SBODF
;FJJ@<I,1C\dfe[\\jk~eflj
›<em`jX^\icËXm\e`i1 ›<ogi\jj`fe[l ›K\id\jc`„j ›GifefeZ`Xk`fe[\R*T
( 4PVIBJUT


FU
BTQJSBUJPOT

\ogi`d\i[\jjfl_X`kj&
[\j\jgf`ij
jfl_X`k1iek^W_j[hgk[
"jlYafeZk`][ifƒh[hgk[
~cXdlj`hl\#^\ei\j
\k^iflg\jdlj`ZXlo
›;`jk`eZk`fe`dgXi]X`k&
Zfe[`k`fee\c
QPVS
EFNBJO ›=X`i\[\jjl^^\jk`fej "`e[`ZXk`]&`ÊW_c[hW_i" ›=fidlc\j
`[lekZhW_igk[ gfli\ogi`d\i
"jlYafeZk`]&`ÊW_c[hW_i c\jfl_X`k
"`eÔe`k`]
›C\Zfe[`k`fee\cgfli
g%.-~.0 ]X`i\le\jl^^\jk`fe
›GXic\i[\j\jZ\eki\j ›C\Ylk1WÓdgk[ ›M\iY\jgfli`e[`hl\i ›Fggfj`k`feR$TR T
) 1SPKFU
EF
WJF

MµIVNBOJUBJSF [Ë`ek„i†k#[\j\j\e^X^\d\ekj "jlYafeZk`]#WÓdZ[
›<ogi`d\ileYlk "`eÔe`k`]#fekh"fekhgk[
c\jZ\eki\j[Ë`ek„i†k ›C\j^iflg\j
›Hl\chl\j]fidlc\j ZfejfeXek`hl\j
›Gi„j\ek\ilegifa\k ›C\Zfe[`k`fee\cgifa\k# m\iYXc\jgfli`e[`hl\i ›G_fe`\$^iXg_`\1
›@dX^`e\ile\j`klXk`fe j`klXk`fe`ii„\cc\ lefYa\Zk`] b[i]hekf[i
g%/'~/* _pgfk_„k`hl\#`ii„\cc\ YediedWdj_gk[i
›:fdgi\e[i\c\i„jld„ ›:fee\Zk\lijgfli ›K\id\jc`„jXli„Z`k ›Ipk_d\[l[`jZflij
* 3nBMJTBUJPO


EµVO
SpWF \kcXgi„j\ekXk`fe[Ëlec`mi\ \ogi`d\icXZXlj\
›;fee\ijfeXm`j# \kcXZfej„hl\eZ\(
[\mfpX^\ [Xejc\i„Z`k
›Hl\chl\j\ogi\jj`fej `ekfeXk`fe
aljk`Ô\ij\jZ_f`o gfli[fee\ijfeXm`j# \ogi\jj`m\
›<ogi`d\icXZXlj\ cËXZZfi[&c\[„jXZZfi[
\kcXZfej„hl\eZ\
›<ogi`d\icËXZZfi[#
g%/+~/. c\[„jXZZfi[
!=NJAP

@A
*EFOUJUnT
¾DUJWFT ›GXic\i[\jf`~kiXm\ij[\jj`klXk`fejÔZk`m\j1c\
c\a\l[lgfikiX`kZ_`ef`j
a\l [l gfikiX`k Z_`ef`j
›:fdgi\e[i\lei„Z`kXlkfY`f^iXg_`hl\~gXik`i[Ële\okiX`kc`kk„iX`i\
RKU=CA
.
i[fj

01-M.P. ALTER DEBUT.indd 7 5/05/06 17:01:34

 :fek\elj F9A<:K@=JJF:@FC8E>8>@<IJ
C\ƒfej jfZ`fZlckli\cj FYa\Zk`]jc`e^l`jk`hl\j
 FYa\Zk`]jZfddle`ZXk`]j
K_„dXk`hl\j \kjXmf`i$]X`i\ >iXddXk`ZXlo C\o`ZXlo G_fe„k`hl\j
;FJJ@<I-18ck\ieXk`m\j
›ymfhl\ileZ_Xe^\d\ek ›Gifefdj`e[`i\Zkj ›Hl\chl\jXik`ZlcXk\lij ›C`X`jfe#
( $IBOHFNFOU


EF
WJF
EF
WPJF
[\m`\
›:fdgi\e[i\
o\k[d
›<ogi`d\i[\jiXggfikj
Z_ifefcf^`hl\j
›K\id\jc`„j
\eZ_XŠe\d\ek
\kÕl`[`k„
QSPGFTTJPOOFMMF le\Y`f^iXg_`\ k\dgfi\cj1 ~cXY`f^iXg_`\ [l[`jZflij
WlWdjZ["`eÔe`k`]# ›G_fe`\$^iXg_`\1
Wfh„i"`eÔe`k`]gXjj„ b_W_iedi
g%0)~0, [j[dY^W‰d[c[dji

›IXggfik\i[\jgXifc\j ›C\[`jZflijiXggfik„ ›C\jgif]\jj`fej ›@ekfeXk`fe1

) &YQMPJUT


FU
SnVTTJUFT XlgXjj„
›I\cXk\ile„m„e\d\ek
XlgXjj„ ›Hl\chl\jk\id\j
[\cË\ogi\jj`fe
[„ZfliX^\d\ek
\k[„k\id`eXk`fe
\oZ\gk`fee\c#le\ogcf`k [li\jj\ek`#
-B
GnNJOJTBUJPO

j\ek`d\ekj\k
g%0.~00 EFT
QSPGFTTJPOT i„XZk`fej
›@dX^`e\i ›CË@ii„\c[lgXjj„ ›K\id\jc`„j ›@ekfeXk`fe1
* $IPJY
EF
WJF
legXjj„[`]]„i\ek
›<ogi`d\i[\ji\^i\kj
i_"gclj$hl\$gXi]X`k#
Zfe[`k`fee\cgXjj„
~cXZ_XeZ\#cË`dgi„ml \ogi\jj`fe[li\^i\k
fl[\cXjXk`j]XZk`fe
›C\gXjj„i„Z\ek ›G_fe`\$^iXg_`\1
\kc\]lkligifZ_\ Z_ij_dYj_edZ[iiedi
[Xejlei„Z`kXlgXjj„ RT&RIT
›C\i\^i\k1h[]h[jj[h
Z["`eÔe`k`]gXjj„&
`ÊWkhW_iW_cƒ&lekbk
g%(''~('* "`eÔe`k`]

!=NJAP

@A
+FVY
TVS
MFT
NPUT ›j\ejc`kk„iXc&j\ejÔ^li„
;„Zflmi`i[\j\ogi\jj`fej`[`fdXk`hl\j]iXeƒX`j\j\k„kiXe^…i\j~gXik`i[la\ljlic\[flYc\j\ej
RKU=CA

;FJJ@<I.1y[lZ XZk`fej
4FOTJCJMJTBUJPO

›:fdgi\e[i\ ›C\jlYafeZk`] ›K\id\jc`„j ›GifefeZ`Xk`fe
( h
MµFOWJSPOOFNFOU
ledXe`]\jk\#
`eZ`k\i~X^`i
gfli\ogi`d\i
cXe„Z\jj`k„)
~cË\em`ifee\d\ek
\kc˄Zfcf^`\
[ljlYafeZk`]
›G_fe`\$^iXg_`\1
FU
MµPQnSBUJPO

›Gi\e[i\gfj`k`fe# ›C\ZfekiXjk\jlYafeZk`]& ›Hl\chl\j\ogi\jj`fej Z_ij_dYj_ed
%n¾
QPVS
MB
5FSSF \ogi`d\ile\fg`e`fe `e[`ZXk`][Xejc\j `dg\ijfee\cc\j Z[gk[bgk[i
Zfdgc„k`m\jfg`e`fe# [\e„Z\jj`k„ \ehc[il[hXWb[i
Z\ik`kl[\#[flk\#
g%('/~((( mfcfek„#ZfejkXk
›I XZfek\ic\j„kXg\j › <ogi\jj`fe[\jiXggfikj ›K\id\jc`„jXlc`mi\ ›C\½\¾ZX[lZ
) -FDUVSF
FU
DVMUVSF

-JSF
FO
GpUF [Ële„m„e\d\ek
›GXic\i[\j\jc\Zkli\j
k\dgfi\cj1
}fWhj_hZ["Z„i"
\k~cXc\Zkli\
›M\iY\jgflic\gi†k&
\kc\j[flYc\j
gifefdj
›;\dXe[\ic\gi†k Z„igk["Z[fk_i" cË\dgilek[ËlefYa\k
[ËlefYa\k Z[fk_igk["
`kigkÊ}Y[gk[
›GcXZ\[\j[flYc\j
g%(()~((, gifefdj
›< ogi`d\ifg`e`fej › <ogi\jj`fe[\cËfg`e`fe# ›K\id\jc`„j ›@ekfeXk`fe1
* 1BSJUn


+PVSOnF

\kj\ek`d\ekj
›ymfhl\i[\j[`]]„i\eZ\j
[l[flk\#
[\cXmfcfek„#
~cXjZfcXi`k„
\kcXgXi`k„
[\dXe[\j`dgc\
flX^XZ\d\ek
EF
MB
GFNNF ›<ogi`d\ijfeX^XZ\d\ek# [lj\ek`d\ek#
jfe`dgXk`\eZ\ [\cXgifYXY`c`k„&
gfjj`Y`c`k„jpek_…j\
›: fekiXjk\1fWhYedjh["
Wbehigk["ZÊkdYŽjƒ"
g%((-~((0 Z[bÊWkjh[YŽjƒ

-FT
'SBOmBJT


!=NJAP
FU
MB
MFDUVSF
@A

RKU=CA
-F
TZTUoNF


nEVDBUJG
FO
'SBODF
›;„Zflmi`ic\jc`mi\j]fe[Xk\lij[\j=iXeƒX`jÆi„gfe[i\~lehl`qqjliZ\jc`mi\j
›Gi\e[i\ZfeeX`jjXeZ\[ljpjk…d\„[lZXk`]\e=iXeZ\~kiXm\ijc˄mfZXk`fe[ËlegXiZflijjZfcX`i\
\oZ\gk`fee\c%:fdgXi\iXm\Zc\jpjk…d\„[lZXk`][\jfegXpj

/
^k_j

01-M.P. ALTER DEBUT.indd 8 5/05/06 17:01:36

 :fek\elj F9A<:K@=JJF:@FC8E>8>@<IJ
C\ƒfej jfZ`fZlckli\cj FYa\Zk`]jc`e^l`jk`hl\j
 FYa\Zk`]jZfddle`ZXk`]j
K_„dXk`hl\j \kjXmf`i$]X`i\ >iXddXk`ZXlo C\o`ZXlo G_fe„k`hl\j
;FJJ@<I/18kk`kl[\jliYX`e\j
›:fdgi\e[i\ ›:Xlj\# ›Hl\chl\jm\iY\j ›@ekfeXk`fe1cXgcX`ek\
( /VJTBODFT



MF
CSVJU
MB
GVNnF [\jXi^ld\ekj
›:fdgi\e[i\#Zfdd\ek\i
Zfej„hl\eZ\)
›C\gXik`Z`g\gi„j\ek
\ogi`dXekcX
Zfej„hl\eZ\
\kcXgifk\jkXk`fe
›G_fe`\$^iXg_`\1
[\j]X`kj[\jfZ`„k„ Xm\ZmXc\li[\jZi`gk`m\& ›K\id\jc`„jXlo Z_iYh_c_dWj_edZ[i
›J\gcX`e[i\ ZXljXc\ el`jXeZ\j#Xlo iediR;T&RR>[T[j
›:fdgi\e[i\&i„[`^\ile\ gcX`ek\j ]hWf^_[iZkiedR>[T
g%()+~(). g„k`k`fe&c\kki\]fid\cc\
›<ogi`d\ijfe`e[`^eXk`fe# ›Fekh"`eÔe`k`]gXjj„ ›K\id\j\ogi`dXek ›@ekfeXk`fe1
) $PNQPSUFNFOUT

EnMJDUVFVY

gifk\jk\i
›@e[`hl\ile\XZk`fegXjj„\
›C\Zfe[`k`fee\cgXjj„ i…^c\j\kjXeZk`fej
›Hl\chl\j]fidlc\j
\ogi\jj`fe
[\jj\ek`d\ekj
FU
SnBDUJPOT Zfdd\ZXlj\ \oZcXdXk`m\j `e[`^eXk`fe
›<ogi`d\ilei\gifZ_\ \ogi`dXek \ki\gifZ_\
cË`e[`^eXk`fe ›C\jfeR#T
›I\^`jki\j
g%()/~(*( [\cXe^l\)
›<ogi`d\i&iXggfik\ile ›CXZfeZ\jj`fe1X_[d ›Hl\chl\j\ogi\jj`fej ›@ekfeXk`fe1
* 7JWSF
EBOT


TPO
RVBSUJFS

gf`ek[\ml\jlilejla\k
gfc„d`hl\
gk["jlYafeZk`]\k gfli\ogi`d\i&
cËfggfj`k`fe1fekhjWdj" iXggfik\ilegf`ek
\ogi\jj`fe[\
cËXZZfi[\k[l
QPMnNJRVFT

›:fdgi\e[i\c\jgf`ekj Y[f[dZWdj¾ [\ml\]XmfiXYc\& [„jXZZfi[
FU
DJWJTNF gi`eZ`gXlo[Ële\[`jZljj`fe fggfj„ ›;`jk`eZk`feR#T&RT
›<ogi`d\i[\ji„j\im\j
g%(*)~(*,

!=NJAP
cWnOFNFOUT
›;„Zflmi`ihl\chl\j„m„e\d\ekj]\jk`]jliYX`ej~[fd`eXek\Zlckli\cc\1cX=†k\[\cXdlj`hl\#cXEl`k

@A
9cXeZ_\#c\Gi`ek\dgj[\jgf…k\j\k`dX^`e\ilegifa\kgflile\dXe`]\jkXk`fe]\jk`m\[XejjXm`cc\
RKU=CA
GFTUJGT
FO
WJMMF ›:fdgi\e[i\[\jgf…d\jjlicXm`cc\\kZi„\ijfegifgi\gf…d\

;FJJ@<I01<^f%Zfd
›<ogi`d\ileal^\d\ek ›C\jlYafeZk`] ›K\id\jc`„j~ ›DXihl\j[\cËfiXc
( (nOnSBUJPO


*OUFSOFU ]X`i\[\ji\ZfddXe[Xk`fej [XejcË\ogi\jj`fe
\k[\jd`j\j\e^Xi[\ [lal^\d\ek
cË@ek\ie\k
›Hl\chl\j]fid\j
›@ekfeXk`fe1
cË`eZi„[lc`k„
›C\j]fid\j `dg\ijfee\cc\j
`dg\ijfee\cc\j [\i\ZfddXe[Xk`fe&
g%(+'~(+* "jlYafeZk`]fl`eÔe`k`] d`j\\e^Xi[\
›JË `e]fid\ijli&[„Zi`i\ ›C\jgifefdj ›K\id\jc`„jXloYcf^j ›@ekfeXk`fe1
) *OOPWBUJPOT


UFDIOPMPHJRVFT lefYa\k#le\`eefmXk`fe# `ek\iif^Xk`]j
ledf[\[\Zfddle`ZXk`fe ›C\jgifefdji\cXk`]j
_„j`kXk`fe
flX]ÔidXk`fe
Zfdgfj„j ›GifefeZ`Xk`fe
›C\jgifefdjgfjj\jj`]j R#;T&R#I'T
›G_fe`\$^iXg_`\1
^ecef^ed[i
g%(++~(+. Z[R$I%T
›I„X^`igXi„Zi`k ›C\j]fidlc\j
* "UFMJFST


EµnDSJUVSF
 ~le\XeefeZ\&[\dXe[\i
[\ji\ej\`^e\d\ekjgclj
[\cX[\dXe[\
[\gi„Z`j`fej
MFT
'SBOmBJT

gi„Z`jjlilej\im`Z\
FU
MB
QBTTJPO
›:_f`j`ilekpg\[˄Zi`k
g%(+/~(,( EµnDSJSF \kc\i„[`^\i

!=NJAP
&YQSFTTJPOT
›;„Zflmi`ile\eflm\cc\]fid\[\gf„j`\liYX`e\1c\jcXd

@A
›:fdgi\e[i\c\gi`eZ`g\[la\ljlic\jdfkj~gXik`i[\jgX`i\jd`e`dXc\j\kcËXggc`hl\igfliZi„\i
RKU=CA
QPnUJRVFT [\jfYa\kj`dX^`eX`i\j

0
d[k\

01-M.P. ALTER DEBUT.indd 9 5/05/06 17:01:37