!
"#!$%&'(!)#*!+',%-'*./*!0!(%-,#%*!+-!1&%'*2%&)#/3#!3','+#!4!(%.&$+#*!)#!,.'*'/-5#!#(!#/5-5#6#/(!)#!%#*2./*-$'+'(7!8!
9:%'*(.2:#!;-/*./!8!<-5#!b!
!
"H-%('3+#! "O! ==F8=e! )&! 3.)#! )#! +-! 3./*(%&3('./! #(! )#! +H:-$'(-('./! 2%73'*#! G&#! 4! "#*!
).66-5#*! 3-&*7*! -&W! .33&2-/(*! )l&/! $m('6#/(! 2-%! )#*! /&'*-/3#*! )&#*! 0! )#*!
-3(','(7*! -5%'3.+#*C! '/)&*(%'#++#*C! -%('*-/-+#*C! 3.66#%3'-+#*! .&! -7%./-&('G&#*C!
/l#/(%-?/#/(! 2-*! )%.'(! 0! %72-%-('./! +.%*G&#! +#! 2#%6'*! )#! 3./*(%&'%#! -MM7%#/(! -&!
$m('6#/(! #W2.*7! 0! 3#*! /&'*-/3#*! -! 7(7! )#6-/)7! .&! +l-3(#! -&(:#/('G&#! 3./*(-(-/(!
+l-+'7/-('./! .&! +-! 2%'*#! )#! $-'+! 7(-$+'! 2.*(7%'#&%#6#/(! 0! +l#W'*(#/3#! )#*! -3(','(7*! +#*!
.33-*'.//-/(!)R*!+.%*!G&#!3#*!-3(','(7*!*l#W#%3#/(!#/!3./M.%6'(7!-,#3!+#*!)'*2.*'('./*!
+75'*+-(',#*! .&! %75+#6#/(-'%#*! #/! ,'5&#&%! #(! G&l#++#*! *#! *./(! 2.&%*&','#*! )-/*! +#*!
6S6#*!3./)'('./*!NO!
AH#/(%#/(! 3#2#/)-/(! 2-*! )-/*! +#! 3:-62! )H-22+'3-('./! )#! +H-%('3+#! "O! ==F8=eC! +#*!
).66-5#*! %7*&+(-/(! )#! +H#W#%3'3#! )H&/#! -3(','(7! )-/*! &/#! 3.2%.2%'7(7! -+.%*! 6S6#!
G&#!+H-3(','(7!+'('5'#&*#!)&!3.2%.2%'7(-'%#!*#%-'(!'/)&*(%'#++#C!-%('*-/-+#!\9@!9:-6$7%QC!
Fb!.3(O!=ZZbC!;9[!<-('/.'%#a!.&!3.66#%3'-+#!\9@!<-%'*C!`!-,%O!FccjC!/.!FccIgcej==C!
*(7!"i!=Z!3g!"-'+:#&5&#!#(!-OaO!
X/!%#,-/3:#C!#/(%#/(!)-/*!+#!3:-62!)l-22+'3-('./!)#!+l-%('3+#!"O!==F8=e!)&!3.)#!)#!+-!
3./*(%&3('./! #(! )#! +l:-$'(-('./C! +#*! ).66-5#*! %7*&+(-/(! )#! +l#W#%3'3#! )l&/#! -3(','(7!
)-/*!&/#! 3.2%.2%'7(7! -+.%*!6S6#!G&#! +l-3(','(7! +'('5'#&*#!#*(! 3#++#! )l&/!+.3-(-'%#!#(!
/./!)l&/!3.2%.2%'7(-'%#!\9-**O!F#!3',OC!`!M7,%O!FccJC!/_!cj8FFOcc`C!;(7!i-/)-/#++#aO!
L%.'*! 3./)'('./*! ).',#/(! S(%#! *'6&+(-/76#/(! %7&/'#*! 2.&%! G&#! +H-%('3+#! "O! ==F8=e!
2&'**#!S(%#!&('+#6#/(!'/,.G&7O!"H-3(','(7!+'('5'#&*#!).'(!#/!#MM#(!4!
n S(%#! -/(7%'#&%#! 0! +H'/*(-++-('./! )#*! 2+-'5/-/(*! \)-(#! )&! )72o(! )&! 2#%6'*! )#!
3./*(%&'%#!)#!+-!6-'*./C!)#!+H-3:-(!)#!+H:-$'(-('./!.&!)#!+-!*'5/-(&%#!)&!$-'+a!P!#/!
3-*!3./(%-'%#C!+H-%('3+#!"O!==F8=e!/#!2#&(!S(%#!'/,.G&7!2-%!+H#W2+.'(-/(!\9@!@/5#%*C!
=F!*#2(O!=ZZcC!;@!V'%#3(!V'*(%'$&('./a!P!\9-**O!F#!3',OC!=e!)73O!FccbC!;(7!@&(.!A#(!3g!
]&'-%)!#(!-OC!/_!cF8FcO=`FaO!!
!
n %#*2#3(#%!+#*!)'*2.*'('./*!+75'*+-(',#*!#(!%75+#6#/(-'%#*!#/!,'5&#&%!\9@!V'1./C!=J!
6-'!=ZZjC!;@!D.&%5.5/#!@+3..+*!P!9@!A?6#*C!=Z!M7,%O!FccFC!V#+%-/3!3g!h.&%/'#%C!/_!
Fcccg=bIba!P!
!
n *HS(%#!2.&%*&','#!)-/*!+#*!6S6#*!3./)'('./*!2-%!%-22.%(!0!+-!)-(#!%#(#/&#!2.&%!
-22%73'#%! *./! -/(7%'.%'(7O! "#*! 1&5#*! ).',#/(! -'/*'! ,7%'M'#%! -,#3! 2%73'*'./! G&#+*!
7(-'#/(!+#*! (%.&$+#*!-,-/(!+H#W(#/*'./! )#!+H#W2+.'(-('./!#(! 3#!G&H'+*! *./(!)#,#/&*!
-2%R*! 3#((#! 6.)'M'3-('./! )#*! 3./)'('./*! )H#W#%3'3#! \9-**O! F#! 3',OC! =`! 1-/,O! =ZZcC!
;(7!)#*!3'6#/(*!"-M-%5#!h%-/3#C!/_!JJ8=JOZej!P!9@!A?6#*C!=Z!M7,%O!FccFC!V#+%-/3!3g!
h.&%/'#%C! /_!Fcccg=bIbC! 9-**O! F#! 3',OC! FF! 1-/,O! FccZC! ;(7! )l#W2+.'(-('./! )#!
*2#3(-3+#*!)#*!(%.'*!M%R%#*!D.&5+'./#!3g!<-.+'C!/_!cJ8=cO`j=aO!
".%*G&#! (.&(#*! +#*! 3./)'('./*! 7,.G&7#*! 3'8)#**&*! *./(! %7&/'#*C! +-! ,'3('6#! /#! 2#&(!
.$(#/'%!)H'/)#6/'*-('./!)&!2%71&)'3#!*&$'!\9@!d#%*-'++#*C!=F!*#2(O!=ZZ`C!]-%-5#!)#*!
(%.'*!3.66&/#*aO!
@'/*'C!)-/*!&/!-%%S(!)&!=c!1&'++#(!=ZJ`C!-+.%*!G&#!)#*!%',#%-'/*!*#!2+-'5/-'#/(!)#*!$%&'(*!
#(!)#!+-!2.++&('./!-(6.*2:7%'G&#!%7*&+(-/(!)&!*(-('.//#6#/(!)#!3-6'./*!)#!+',%-'*./!
)H&/!:Q2#%6-%3:7!9-%%#M.&%!0!X,%QC!+-!9.&%!)H-22#+!)#!<-%'*!-!3./M'%67!+#!1&5#6#/(!