'2/8 *'7 4).+3 -+3'974 :/+1 !5'> 2').
3.'187:+6=+/).3/7 !/).+6.+/87./3;+/7+ -@C 56> :?32F :?H6:D6 KF 9C6C *:496C96:E ,CD2496? 7UC *49S56? .
3.'187:+6=+/).
3.'187:+6=+/).3/7 A6 !/+ /3 937+6+2 4).789*/4 -+8+78+8 "F496? F?5 63S4< +:AAD KF> 24<6? =6:D49 67=U86= :D49 +:AAD KF> C2E6? F?5 C:==6? F7=SF76 C2E:?D +@2DED 6CE:8AC@5F
!/).+6.+/87./3;+/7+ #6D6? *:6 3:EE6 D@C87S=E:8 5:6D6 63C2F49D2?=6:EF?8 636? *:6 5:6 63C2F49DV F?5 5:6 $@?E2862?=6:EF?8 8FE 2F7 .6?? *:6 52D 6CSE H6:E6C8636? =686? *:6 5:6 ?=6:EF?86? 36: $46 *+2 /3('9 "6'3754687).?*+3 'CU76? *:6 52D 6CSE ?249 56> FDA24<6? 6: 6:?6> +C2?DA@CED49256? 5UC76? *:6 52D 6CSE ?:49E 2?D49=:6R6? 1+086/7).+6 37).1977 %FC 6:? <@?K6DD:@?:6CE6C 249>2?? 52C7 52D 6CSE 2?D49=:6R6? 6: *49S56? 5FC49 72=D496? ?D49=FDD 9236? *:6 <6:?6? ?DACF49 2F7 2C2?E:6 /3;+/7+ =9 .
C2?586729C %:6 3C6??32C6 686?DES?56 :> 2CC2F> 2F736H29C6? %:6 5:6 6CSE6EUC T77?6? H6?? )2F49 :> 6CSE 2F7EC:EE *492=E6? *:6 52D 6CSE 2FD /:696? *:6 56? %6EKDE64<6C 3KH D492=E6? *:6 5:6 *:496CF?8 :> *:496CF?8D<2DE6? 2FD "FCKD49=FDD86729C %:6 ?D49=FDD<236= G@? =6>6? :6 "236=:D@=:6CF?8 <2?? D49>6=K6? -6C3CU9F?8D86729C %:6 .2DD6C :? 56? 96:R6? 2CC2F> 8:6R6? D 6?EDE69E 96:R6C .
#67').+3 ,A6 !).?*+3 &9(+.@6 41/+ ')05'5/+6 4*+6 +7)./66 '9, *+2 '66'92(4*+3 "6:? /F369TC 2F7 56? 2CC2F>3@56? =686? 6? 2CC2F>3@56? ?:49E >:E @=:6 682= H6=496C CE @56C 243@56? DE6==6? H6?? 6:?6 +6>A6C2EFC U36C M 6:?86DE6==E :DE D 6?EDE69E 6:? .SC>6DE2F :6 24>6? ?:49E >69C F?5 52D >2:= H:C5 36D49S5:8E %'77+6 /2 .+/>+3 '66'92 %:6 .2DD6C :? 56? 96:R6? 2CC2F> 8:6R6? D 6?EDE69E .
.6 3+9+6 ')04,+3 :6C =6C?6? *:6 9C6? ?6F6? 24<@76? <6??6? .:C 6C<=SC6? 9?6? 52D 65:6?76=5 F?5 5:6 6:?K6=?6? 65:6?6=6>6?E6 *:6 6C92=E6? ?7@C>2E:@?6? KF> 2CC2F> F?5 KF> /F369TC +*/+3,+1* :6C D696? *:6 6:?6 Q36CD:49E U36C 52D 65:6?76=5 D 6CD496:?6? ?:6 2==6 *J>3@=6 8=6:49K6:E:8 :? 56C ?K6:86 !6 ?249 6CSE6EJA D:?5 3H6:49F?86? :? 56? :?K6=96:E6? >T8=:49 C=:B8>=AEP7;4@ +0AB4= C=3 =H4864 +4
"'78+3 93* 3=+/-+ $:E 56? +2DE6? DE6==6? *:6 G6CD49:656?6 /FD2EK7F?54= 14A>=34@A A27=4;; 0C5748H4= "8;>6@0<< "8;>6@0<< 148 34= '@>6@0<<4= EP7;4= /48B5C=:B8>=4= .42:4@ 0C4@ =34H48B C=3 ,7@H48B 0CAEP7;4= "8=34@A8274@C=6 4384=54;3 A?4@@4= C=3 4=BA?4@@4= $8=CA 8=AB4;;E4@B4 D4@@8=64@= ';CA 8=AB4;;E4@B4 4@7Q74= .
- &&.(" +0 ( .(" ,<;C5B6@8;;4= @0B4= D>= ;48A27 45;R64; C=3 60=H4< 8A27 4@ @8;;748H:Q@?4@ C=3 34@ -4=B8;0B>@ A270;B4= A827 01E427A4;=3 48= C=3 0CA 4@ -4=B8;0B>@ E8@14;B 384 748O4 #C5B C< 30A 4@827B @8;; 6@>O4 ;P274 @8;;4= D>= *B40:A .R@AB274= +>0AB C=3 8A27ABR2:4= 84 60=H4 ;P274 C=B4@ 34< @8;;748H:Q@?4@ E8@3 748O @8;; :;48=4 ;P274 @8;;4= D>= :;48=4= $4=64= *B40:A .
'66'92 > 2CC2F> 367:?56E D:49 5:6 24<@76?=2>A6 :? "U9=863=SD6 D49UEKE 56? 24<@76? G@C Q36C9:EKF?8 ')04,+31'25+ .S9C6?5 56D 6EC:63D =6F49E6E 5:6 24<@76?=2>A6 :> 2CC2F> $:E 56C *E6==F?8 2> F?A6 @9?6 6:KF?8 6:?D492=E6? A.
),5R@ 4A278@@ "C274=5>@<4= @0B4= @8;;ABR2:4 C=3 +845:R7;64@827B4 )>AB <8B 34@ "@R<54=BR@ 8= 34= 02:>54= A278414= ($/ +, &*! (( 5R@ A05B864 "C274= 41P2: +845:R7;64@827B4 C=3 6@>O4 @0B4= *84 :0== 0C27 0;A 4BBS C550=6645PO D4@E4=34B E4@34= E4== *84 38@4:B 0C5 34< )>AB 6@8;;4= 84 ,=8D4@A0;?50==4 <8B 34@ 1A27@P6C=6 HC@ 02:>54=BR@ 8= 34= 02:>54= A278414= !43*+6=9(+.
<08;S 02:1;427 <8B =B8705BS 4A27827BC=6 / "C274= C=3 ';PBH274= ;QA4= A827 ;4827B4@ D>< 02:1;427 02:1;427 <8B 34@ 1A27@P6C=6 HC@ 02:>54=BR@ 8= 34= 02:>54= A278414= ,=8D4@A0;?50==4 <8B =B8705BS 4A27827BC=6 / "C274= C=3 ';PBH274= ;QA4= A827 ;4827B4@ D>< 02:1;427 02:1;427 <8B 34@ 1A27@P6C=6 HC@ 02:>54=BR@ 8= 34= 02:>54= A278414= '8HH01;427 / 340; 5R@ '8HH0 +845:R7;?@>3C:B4 >34@ 6@>O4 @C=34 "C274= *84 :Q==4= 30A '8HH01;427 0=AB4;;4 34@ ,=8D4@A0;?50==4 D4@E4=34= *B4;;4= *84 3
93*+3*/+378B 68/0+1 UC 9C6 2FD92=ED86CSE6 "F?56?5:6?DE :> 24992?56= @56C U36C 52D ?E6C?6E 7UC 6:?K6=?6 #S?56C :> 6V*9@A 5:6 A2DD6?56? '7=686V F?5 )6:?:8F?8D>:EE6= @56C D@?DE:86D /F369TC ?249<2F76? 636? *:6 52KF 5:6 ;6H6:=:86 CE:<6=V%F>>6C 2? '5;464BR274@ 5R@ 34;AB07;>14@5;P274= -4@<8=34@B 384 1;064@C=6 D>= *27= 34;AB07;64@PB4= >?B8<0; 64?5;46B 02:>54=S @8;;@48=864@S 4; @B8:4;S%@
$46 *+2 +678+3 +398=+3 :6C 6C729C6? *:6 H2D *:6 EF? >UDD6? 36G@C *:6 >:E 9C6> 24<@76? KF> 6CDE6? $2= *A6:D6? KF36C6:E6? #6D6? *:6 G@C96C 52D "2A:E6= #.6=+/8 +/378+11+3 %249 56> ?D49=FDD =6F49E6E :? 56C ?K6:86 52D *J>3@= F?5 G:6C %F==6? *E6==6? *:6 5:6 ,9CK6:E 6:? +2DE6 5CU4<6? ? 56C ?K6:86 6CD496:?E 5:6 ,9CK6:E $:E +2DE6 @56C 5:6 ,9CK6:E 6:?DE6==6? %249 H6?:86? *6>6? ')04,+3 '9,.
')04,+3 +/378+11+3 *:6 9236? G6CD49:656?6 $T8=:49<6:E6? 9C6? 24<@76? 6:?KFDE6==6? :6C 6C<=SC6? H:C 9?6? H:6 *:6 9C6 86HU?D49E6 6:K2CE F?5 +6>A6C2EFC @56C C:==DEF76 6:?DE6==6? *:6 24<@76? 6:?DE6==6? *696? *:6 52KF 3:EE6 :> "2A:E6= ?249 +/='68 93* "+25+6'896 6:DA:6= :> :=5 &36CV ,?E6C9:EK6 36: M $:E 56> F? +6>A6C2EFCHS9=6C 5:6 +6>A6C2EFC @56C C:==DEF76 6:?DE6==6? 6C 24
')04,+3 '977).'18+3 F?A6C2EFC @56C C:==DEF76 ;656CK6:E >:E 56> ;6H6:=:86? .S9=6C S?56C? !).3+11'9,.
&+/8,9308/43+3 +/378+11+3 9C 24<@76? 92E G6CD49:656?6 /6:E7F?3@=6 :6 "=2>>6C? 0 1 K6:86? 9?6? 36: H6=496C /6:E7F?:E +2DE6 @56C S?56C? H6?? 52D /6:EDJ>3@= :? "=2>>6C? DE69E %+)0+6 6? .64<6C 2CC2F> 6C .
&+/8+/378+1193-+3 '(,6'-+3 .6?? >69C6C6 /6:E7F?3@=6 :? 56C ?K6:86 6C .64<6C =SF7E :> -@C56C8CF?5 2D *J>3@= DE69E :? "=2>>6C? F?5 5:6 .64<6CK6:E =SF7E D:49E32C 23 ,> .64<6C 2F6C ?56K6:E @56C ,9CK6:E 23KF7C286? +2DE6 D@ @7E 5CU4<6? 3:D 5:6 "=2>>6C? F> 52D ;6H6:=:86 *J>3@= DE696? 6C .6CE 52KF 6CD496:?E 7UC 6:?:86 *6 24<@76? 6:?DE6==6? .
$:E +2DE6 @56C 5:6 2F6C 6:?DE6==6? -@CD49=28DH6CE +2DE6 $:?FE6? -@CD49=28DH6CE +2DE6 $:?FE6? %249 H6?:86? *63@= 0 1 =6F49E6E :6 2?56C6? /6:EDJ>3@=6 6C=TD496? '9+6 /78 '(-+1'9,+3 :? *:8?2= 6CET?E 6C 24<@76? 9TCE 2F7 KF 96:K6? ? 56C ?K6:86 DE69E +2DE6 5CU4<6? $:E +2DE6 @56C 2= 5CU4<6? F?5 56? F?
&+/8+/378+1193-+3 '(,6'-+3 .6?? >69C6C6 /6:E7F?3@=6 :? 56C ?K6:86 2D *J>3@= 56C /6:E7F? -@C56C8CF?5 DE69E :? "=2>>6C? ,> .64<6C 2F6C ?56K6:E @56C ,9CK6:E 23KF7C286? +2DE6 D@ @7E 5CU4<6? 3:D 5:6 "=2>>6C? F> 52D ;6H6:=:86 *J>3@= DE696? 6C .
$:E +2DE6 @56C 5:6 ?56K6:E 2F7 DASE6C G6CD49:636? %249 H6?:86? *6>E 56C 24<@76? 5:6 :?DE6==F?86? F?5 D492=E6E :? .2CE6A@D:E:@? ? 56C ?K6:86 DE69E 5:6 ,9CK6:E KF 56C 52D 6C:49E 76CE:8 :DE F?5 52D *J>3@= DE69E :? "=2>>6C? *J>3@= F?5 6C=TD496? .
&+/8+/378+1193-+3 '(,6'-+3 .6?? >69C6C6 /6:E7F?3@=6 :? 56C ?K6:86 2D *J>3@= 56C /6:E7F? -@C56C8CF?5 DE69E :? "=2>>6C? ,> .64<6C 2F6C ?56K6:E @56C ,9CK6:E 23KF7C286? +2DE6 D@ @7E 5CU4<6? 3:D 5:6 "=2>>6C? F> 52D ;6H6:=:86 *J>3@= DE696? 6C .6CE 52KF 6CD496:?E 7UC 6:?:86 *6
/3*+67/).+693 2>:E ":?56C 56? 24<@76? ?:49E G6CD696?E=:49 6:?D492=E6? 92E 6C 6:?6 ":?56CD:496CF?8 6C 24<@76? C628:6CE 2F7 <6:?6 :?DE6==F?86? .64<6C F?5 ,9CK6:E A6C2EFC @56C C:==DEF76 6:?86DE6==E D:?5 F?E6C3C:49E 5:6 ":?56CD:496CF?8 5:6 6:KF?8 /3*+67/).+693+/37).
693*+/378+1193-+3 ?3*+63 9C 24<@76? 92E G6CD49:656?6 CF?56:?DE6==F?86? :6D6 :?DE6==F?86? 34@ .42:4@H48B 20 20 $8= 20 $8= .0@B4H48B 18A 48=4 8=AB4;;C=6 R14@=><<4= 8AB 20 *4: 20 *4: 20 *4: .,0 #& *4: .
,1+-+ 93* +/3/-93 6: D@C87S=E:86C '7=686 F?5 )6:?:8F?8 3=6:3E 9C 24<@76? =2?86 D49T? F?5 7F?
+ $ # $($".
!+1(786+/3/-+3*+ 1?).
+78+11+ '97B 93* +/3.?3-+3 +78+11+ '97.?3-+3 /F> )6:?:86? 6? 6C 24<@76? >FDD 23866? :=5 )6:?:86? *:6 5:6 6DE6==6 >:E *AU=>:EE6= F?5 6:?6> *AU=D49H2>> 6: 92CE?S4<:86? -6CD49>FEKF?86? G6CH6?56? *:6 6:?6 UCDE6 +78+11+ +/3.
6/11.+/=0@65+6 .+6938+601'55+3 /F> )6:?:86? FDD <2=E D6:? 2=E63U86= 2> "=2AA8C:== ?249 G@C? K:696? F?5 ?249 @36? 5CU4<6? 3:D 6C 9TC32C 6:?C2DE6E :=5 236: 56? C:==96:K )6:?:86? 56? C:==96:K
"A6 '97.?3-+3 -6C=6EKF?8D86729C .6?? 5:6 *492C?:6C6 F?86D:496CE D:?5 D49?2AA6? D:6 >:E 8C@R6C "C27E KF 49E6? *:6 52C2F7 52DD 5:6 *A6CC9636= :>>6C 82?K KF86<=2AAE D:?5 3KH 36:> FD9S?86? 56C 24<@76?EUC 82?K 2F786<=2AAE 24<@76?EUC 82?K T77?6? 6:56 *A6CC9636= =:?
6:56 *A6CC9636= H:656C KF<=2AA6? :=5 24<@76?EUC D49=:6R6? "A67).+/(+3 '97B 93* +/3('9+3 97('9+3 -6C=6EKF?8D86729C .
:6 2=E6CF?8 C649ED F?5 =:?6? )6:?:86? *:6 5:6 *496:36? >:E =2DC6:?:86C F?5 6:?6> H6:496? +F49 6?FEK6? *:6 <6:?6 D492C76? @56C D496F6C?56? $:EE6= F?5 <6:?6? =2DD49236C 2D =2D <2?? 36D49S5:8E H6C56? /3('9+3 49E6? *:6 36:> :?32F6? 52C2F7 52DD =:? "@A7 DE69E *496:36 D49CS8 ?249 9:?E6? 6:?D49:636? :=5 :6 2=E6CF?8 C649ED F?5 =:?
/3+ !8@693- ;'7 893 .6?? 6:?6 *ETCF?8 2F7EC:EE =:68E 6D @7E ?FC 2? 6:?6C "=6:?:8<6:E 6G@C *:6 56? "F?56?5:6?DE CF76? G6CDF496? *:6 3:EE6 >:E :=76 56C +236==6 5:6 *ETCF?8 D6=3DE KF 369636? !8@693-78'(+11+ .6?? 6:? 6C:49E ?:49E @AE:>2= 86=:?8E D696? *:6 3:EE6 :> "2A:E6= ?249 @CE 7:?56? *:6 G:6=6 +:AAD F?5 :?H6:D6 KF> "@496? -4+.
#& +' & .(" ')04,+31'25+ '3 *+6 +)0+ '97B ;+).7+13 4"&$ # +, # #$&! $(0 $, 8=4 +0AB4 EC@34 HC ;0=64 643@R2:B >34@ 8AB D4@342:B @R2:4= *84 0;;4 +0AB4= 48=H4;= '@R54= *84 >1 A827 48=4 +0AB4 D4@:;4<34@ D4@A27D49=2886729C ,?D24986>SR6 )6A2C2EFC6? D:?5 867S9C=:49 %FC 6:? G@? F?D 86D49F=E6C "F?56?5:6?DEV+649?:<6C 52C7 )6A2C2EFC6? 5FC497U9C6? .6?? 5:6 24<@76?=2>A6 2FD8672==6? :DE >FDD D:6 2FD86H649D6=E H6C56? +6>A6C2EFC36DES?5:86 CD2EK=2>A6? .
1'7'(*+)093- :?6 36D49S5:8E6 =2D23564FDD 2FD86H649D6=E H6C56? '2DD6?56 =2D23564 "F?56?5:6?DE 636? *:6 5:6 V%F>>6C F?5 5:6 V%F>>6C 9C6D 6CSE6D 2? 93*+3*/+378 .6?? 9C 6CSE C6A2C:6CE H6C56? >FDD :DE F?D6C "F?56?5:6?DE 7UC *:6 52 +6=67@??F>>6C F?5 ?D49C:7E 56C ?S49DE86=686?6? "F?56?5:6?DEDE6==6 7:?56? *:6 :> +6=67@?3F49 F49 5:6 2?868636?6? "F?56?5:6?DEK6?EC6? ?6??6? 9?6? 86C? 6:?6 "F?56?5:6?DEDE6==6 :? 9C6C %S96 B 922+6 93* B 922+6 .
3+6-/+B 93* #2;+188/557 :6C 6C92=E6? *:6 +:AAD H:6 *:6 36:> 24<6? F?5 C2E6? ?6C8:6 DA2C6? )6K6AE @56C :? 56? +236==6? 56C 63C2F49D2?=6:EF?8 2?868636? :DE -6CH6?56? *:6 5F?<=6 D49H2CK =24<:6CE6 @56C 6>2:==:6CE6 24<7@C>6? *:6 ?69>6? 5:6 :EK6 36D@?56CD 8FE 2F7 P77?6? *:6 5:6 24<@76?EUC HS9C6?5 *:6 2C6? 24<6? @56C C2E6? >T8=:49DE D6=E6? $69C6C6 "F496? 324<6? *:6 2> 36DE6? ?2496:?2?56C 6
6'8'9842'8/0 $:E 56C C2E2FE@>2E:< 86=:?86? 9?6? 82?K =6:49E C277:?:6CE6 *49>@C86C:49E6 F?5 D27E:86 C2E6? *:6 DA2C6? D:49 52D .6?56? F?5 68:6R6? F?5 56C 2CC2F> 3=6:3E D2F36C 2D 2C6C863?:D :DE 239S?8:8 G@? 56C (F2=:ESE 56D =6:D496D F?5 56C CTR6 F?5 CE 56D 6D49:CCD .6?? *:6 52D 76CE:86 6C:49E 2FD 56> 2CC2F> ?69>6? G6CH6?56? *:6 +@A7=2AA6? 2D 6D49:CC :DE D69C 96:R -@CD:49E 36:> P77?6? 56D 6D49:CCD 6D 6?EH6:49E 96:R6C 2>A7 +7).
+6/).8 :46(+6+/8+3 -6CH6?56? *:6 7C:D496D =6:D49 :562=6CH6:D6 >:E "U9=D49C2?A6C2EFC @56C 867C@C6?6D =6:D49 .S9=6? *:6 6:? 866:8?6E6D 6D49:CC .:686? *:6 52D 7C:D496 @56C 867C@C6?6 =6:D49 6?2F6 :?H6:D6 6C92=E6? *:6 :? 56C +236==6 *:6 36?TE:86? 52D 6H:49E KF> :?DE6==6? .
!+$, # , & $, # +)"+ ''6 (.'' + )8=34@1@0B4= &14@A270;4 %CAA "C64; R5B4 *27C;B4@ ' "0;1A1@0B4= &14@A270;4 %CAA "C64; R5B4 *27E48=41@0B4= %02:4= 0;A "0<< &5,,$"% $2.
/378+11+3 .
+2DE6 5CU4<6? ? 56C ?K6:86 6CD496:?E 2=D 6H:49EDG@CD49=28 6:? ":=@8C2>> $:E +2DE6 @56C 52D 6H:49E 6:?DE6==6? %249 H6?:86? *6> :6 2F6C =SF7E D:49E32C 23 F?5 52D *J>3@= DE69E :? "=2>>6C? 64-6'22 /78 (++3*+8 :? *:8?2= 6CET?E 6C 24<@76? 9TCE 2F7 KF 96:K6? ? 56C ?K6:86 DE69E 6? F? *E2CE <2?? 5:6 'C@8C2>>?F>>6C F?5 52D 6H:49E ?:49E >69C 86S?56CE H6C56? 64-6'22
'9+6 *+7 64-6'227 .6?? *:6 H:DD6? H@==6? H:6 =2?8 6:? 'C@8C2>> 52F6CE DE6==6? *:6 6:? H:6 :? 'F?
A6 !/+ /3 937+6+2 4).789*/4 -+8+78+8 :6C 7:?56? *:6 6:?6 FDH29= 2? 6C:49E6? F?5 5:6 @AE:>2=6? :?DE6==F?86? 52KF .
')0+3 '9, 2+.6+6+3 (+3+3 -6CH6?56? *:6 V 6:R=F7E 24<6? 2F7 36?6? ,?:G6CD2=A72??6 :? :?D49F39T96 24<3=649 :? :?D49F39T96 24<6? 2F7 36?6? 24<3=649 :? :?D49F39T96 ,?:G6CD2=A72??6 :? :?D49F39T96 24<3=649 :? :?D49F39T96 =6:49K6:E:8 6:?86D49@36?6 =6496 >UDD6? ?:49E 8=6:49K6:E:8 76CE:8 H6C56? ? 56? +236==6? 7:?56? *:6 K29=C6:496 -@CD49=S86 7UC 9C6 6C:49E6 .
"'(+11+3 ? 56? +236==6? 7:?56? *:6 7UC 5:6 G6CD49:656?6? "F496? F?5 63S4<6 5:6 @AE:>2=6 6:K2CE +6>A6C2EFC F?5 24<52F6C D:?5 G@? $6?86 F?5 6D492776?96:E 56D +6:86D 239S?8:8 6D92=3 D:?5 :? 56? +236==6? 6C6:496 2?868636? -6CDF496? *:6 6D KF6CDE >:E 56> ?:65C:86C6? .6CE :?6 ?:65C:86C6 +6>A6C2EFC 6C8:3E 6:?6 8=6:49>SR:86C6 CSF?F?8 .
. # ( .! ' & # .
& $(" 3 % . #4+ 4# $2 +- ';PBH274= 02:1;427 S S ,=8D4@A0;?50==4 02:1;427 S S ,=8D4@A0;?50==4 02:1;4274 S S S S ,=8D4@A0;?50==4 02:1;427 S S ,=8D4@A0;?50==4 02:1;4274 S S $0:@>=4= 02:1;427 '* + -.
+)- .( +4- # ( . #4+ 4# $2 +- '* + -.+ $( ° % . + $( $(.
0A 41P2: 8AB C=6;4827
6D49:CC @9?6 64<6= 6D49:CC >:E 64<6= @776? 86D49=@DD6? 6:R6D =2D86D49:CC 2F7 6:?6> EC@4<6?6? ,?E6CD6EK6C 23DE6==6? .6?? 5:6 ,?E6C=286 ?2DD @56C <2=E :DE <2?? 52D =2D DAC:?86? /3;+/7+ =92 6'8+3 636? *:6 KF >286C6> =6:D49 6EH2D =UDD:8<6:E 6C @56? 56D 6D49:CCD D@== 42 N 4> 9@49 36564@C3C2E6? 8636? *:6 C6:49=:49 =UDD:8<6:E 9:?KF 6C @56? 56D 6D49:CCD D@== V 4> 36564
1+/7). .6?56? *:6 =6:D49DEU4<6 ?249 56C S=7E6 56C /6:E .6?? 56C C2E6? 76CE:8 :DE D@==E6 6C ?@49 $:?FE6? :> 2386D492=E6E6? 86D49=@DD6?6? 24<@76? CF96? *@ <2?? D:49 56C =6:D49D27E 36DD6C G6CE6:=6? .:4<6=? *:6 )@2DE3667 ?249 56> 2C6? :? =F7@=:6 F?5 =2DD6? *:6 6D $:?FE6? :> 24<@76? CF96? *49?6:56? *:6 36: *49H6:?63C2E6? >:E *49H2CE6 5:6 *49H2CE6 :E 56C *49H2CE6 ?249 F?E6? :?D 6D49:CC & $, # 0$ #- . #4+ .( , #$++ 4# $2 +- '* + 6 -.
& $, # @0B4= <8B *27E0@B4 H *27C;B4@ * 7 ; *27E48=458;4B *27E48=41@0B4= <064@ 0$ #- :6 . #4+ .( , #$++ 4# '* + 6 -.+ $( ° +$&&,-.! + . + $( $(.
+,1A-+1 :6 6H:49ED2?8236? :? 56C +236==6 36K:696? D:49 2F7 F?867U==E6D 3C2E76CE:86D 67=U86= .
/7). .6?? *:6 5:C6 )@DE 8C:==6? D49:636? *:6 KFDSEK=:49 5:6 ,?:G6CD2=A72??6 :? T96 6:? :6 =UDD:8<6:E H:C5 2F78672?86? F?5 56C 24<@76? 3=6:3E D2F36C6C .
4@ @0B4= A847B 6CB 0CA 014@ 384 *>O4 8AB 0=641@0==B .P7;4= *84 148< =P27AB4= $0; 48= :;48=4@4A @0B64A278@@ >34@ 6414= *84 <47@ ;RAA86:48B HC 4@ @0B4= A847B 6CB 0CA 014@ 384 *>O4 8AB HC 74;; C=3 EPAA@86 .P7;4= *84 148< =P27AB4= $0; 48= 6@QO4@4A @0B64A278@@ C=3 D4@E4=34= *84 E4=864@ ;RAA86:48B 48< C5684O4= 34A @0B4=A 4=BAB47B .0AA4@30@<0; 8= 6@>O4@ +48; 34A .
+68/-564*908+ 6249E6? *:6 5:6 6CDE6==6C2?8236? 2F7 56C -6CA24:E 24A6C2EFC6? 866:8?6E :DE '2DD6? *:6 5:6 CTR6 56D '2A:6CD 2? 52D 6C:49E 2? 2D 2C6C863?:D :DE D69C DE2C< 239S?8:8 G@> #636?D>:EE6= -@C3CSF?F?86? F?5 ,?8=6:49>SR:8<6:E6?
+$ #- . #4+ 4# $2 +- '* + 6 -.+ $( ° +$&&,-.! % . + $( $(.- ( ,=8D4@A0;?50==4 S S ,=8D4@A0;?50==4 )>AB S S 8A27ABP1274= ,=8D4@A0;?50==4 S S P7=274=S*B82:A S %C664BA ,=8D4@A0;?50==4 S S -+. & -$ !" %5#&- ,=8D4@A0;?50==4 S %0 + ( /)+" % ( C5102:1@QB274= >34@ 51 :1 C5102:106C4BB4 + -&$(" -$ !" %5#&- +743*+6+ +6/).
9,8'9+3 67C@C6?6 #636?D>:EE6= 2FD 56C -6CA246? F?5 :? 6:?6> 866:8?6E6? 6D49:CC 2F7 56? )@DE DE6==6? :EE6 36249E6? *:6 5:6 6CDE6==6C2?8236? 2F7 56C -6CA24:EE6= #686? *:6 67=U86= >:E 56C CFDED6:E6 ?249 F?E6? 2F7 6:?6? +6==6C !+$ +".- . #4+ H *07=4B>@B4= CBB4@2@4<4B>@B4= +>@B4= <8B *27>:>;034S >34@ /C2:4@6;0AC@ @R27B4 P7=274= .
/304).+3 $46(+6+/8+3 :6 =SD6C F?5 F>>:C:?86 >UDD6? D2F36C F?5 :? &C5?F?8 D6:? 6?FEK6? *:6 >T8=:49DE 8=6:49 8C@R6 =SD6C :6 ?8236? :? 56? +236==6? 36K:696? D:49 2F7 :?=:E6CV)F?58=SD6C 49EF?8 -6CH6?56? *:6 <6:?6 8CTR6C6? @56C 9T96C6? =SD6C :6 64<6= UD6 .
/304).
)6<1'2/* /3 +(+372/88+13 %+1).+ !5+/7+3 7/3* (+864,,+3 4CJ=2>:5 6?EDE69E G@C 2==6> 36: 9@496C9:EKE KF36C6:E6E6? 6EC6:56V F?5 "2CE@776=AC@5F>6D 7C:E6D +@2DE CTE496? C@E 76:?6? 24
6A,-+6/).
+$ #- . #4+ .( , #$++ 4# $2 +- '* + -.+ $( ° . + $( $(.- ( .0AA4@18A:C8B D>@748H4= *?@8=65>@< 0C5 )>AB S S .0AA4@18A:C8B *?@8=65>@< 0C5 )>AB S S 4541;427:C274= ,=8D4@A0;?50==4 S S ,=8D4@A0;?50==4 S S ,=8D4@A0;?50==4 02:1;427 S S S S S S 4342:B4@ ? ?54;:C274= )>AB *?@8=65>@<4= M 2< )>AB4 *?@8=65>@<4= M 2< .
