2 3*9 ?4 ;**1 9* ,*3.*9*3 ;&3 -*9 040*3 &18 ;&3 )* 2&&19.
3-4:)845,&;* .*745 24*9 : 1*99*3 ,==@ 63B 7<0=CE3< ,37:756372AD==@A16@74B3< &=@H/93< D/< A16/23 "< 3.*:<* +473:.8 3B 03273<7<5A>/<33: C<1B7393CH39<=> *3;>3@/BCC@93CH39<=> 3273<7<5AB=3BA3< 3< 27A>:/G !<2@C90/@3 A16/93://@A ,3@E/@;7<5A;3B6=23< &D3< 3< B=3036=@3< "=3:D3
3-4:)845,&;* !./) .= AB3:B C 7< $*00*7 .= AB3:B C 7< &8.8.389*11.3,*3 /A7A7
3-4:)845,&;* !&'*11*3 *3 9.58 *//@B 1/93 3< 530/9 *7>A D==@ 63B 0/993< ,:33A 53D=53:B3 D7A *7>A D==@ 63B 0@/23< 3< 5@7::3< )=C44:N A 535@/B7<33@23 53@316B3< B=/AB "/D@73A>@=2C1B3< &A D==@ 63B A>/@3< D/< 3<3@573 (7>1&2.)* .3 1*;*382.
.*745 24*9 : 1*99*3 #33A 23H3 530@C79A// 33< D37:753 3< 3< 8C7AB3 ;/<73@ 530@C793< 3E//@ 23 530@C79A//>/@//B 2==@ //< /<23@3< 2=3 23 6/<2:3727<53< 3@ 2/< 078 #447 -*9 .3'4:<*3 !7&3854798(-&)* =>/@//B /993< 78 B@/<>=@BA16/23 ;/5 C 63B />>/@//B <73B //
*9* 4;*3 3 =D3<23C@ D==@H716B75 =>3<3< @ 9/< 63B3 2/;> =>3< %==7B 23 63B3 07<<3<9/3< 7< 23 =D3< 03E/@3< @/<253D//@ %==7B //>/@/B3< 2==@ 23 63B3 =D3<23C@ :/B3< 7<9:3;;3< 3 7A=:/B73 D/< 23 9/03: 9/< A;3:B3< 3D//@ D==@ 9=@BA:C7B7<5 &>53:3B 078 53@316B3< 273 ;3B 2@/<93< ;3B 33< 6==5 /:1=6=:>3@13
47?&0*3 ;&3 8(-&)* &051&&9 &1:2.3.:2+41.* 4+ 8*7;.*8 45 )* '4)*2 ;&3 )* 4;*3 )16C74 533< 0/90:79 => 23 0=23; D/< 23 =D3< 3239 63; <73B ;3B /:C;7<7C;4=:73 '://BA 533< A3@D73A => 23 0=23; D/< 23 =D3< @ =6=>7<5 D/< E/@;B3 3 0/9S 3< 0@//2B7823< 9:=>>3< <73B ;33@ 3< 63B 3;/7: E=@2B 03A16/2752 $&9*7 .
"< 3.*:<* +473:.8 73@ :33@B C CE <73CE3 />>/@//B 93<<3< -3 :3553< C 23 E3@97<5 D/< 63B 03273<7<5A>/<33: ;3B 23 A16/93://@A 3< 7<271/B73A C7B + 9@785B 7<4=@;/B73 =D3@ 23 D3@E/@;7<5A;3B6=23< 3< 23 07853D=3523 B=3036=@3< *9 '*).*3.3,85&3**1 @ H78< 9:37<3 D3@A167::3< ;=53:789 /46/<93:789 D/< 63B BG>3 h min °C 0 C<1B7393CH39<=> :3(9.
,3@E/@;7<5A;3B6=23 E//@078 7A 03>//:2 2/B 23 3<3@573S344717O 783 7< 23 =D3< !*25*7&9::7D 0*:?*0345 $3B 23 B3;>3@/BCC@93CH39<=> AB3:B C 23 B3;>3@/BCC@ =4 23 5@7::AB/<2 7< #+.#/ 122/ P @19<1>-@AA>.1>157 5: H 9-D59-81 @19<1>-@AA> B;;> P41@18A/4@ H /'** 3>588 FC-7 3>588 319500180 3>588 ?@1>7 #','%',% >15:535:3 85/4@ >15:535:3 319500180 7.11D *3 7*.3.,.
*).*3.3,894*98*3 *3 ).
#*7<&72.
.7(:1&9.*,7.11*3 3B 5@7::D3@E/@;7<5A3:3;3/CH3 E3@D3:B 23 D3>3@75 0@C7< #1&0,7.
4489*7 % D==@ A3@D73A B//@BS 3< 1/93D=@;3< 0@//2ABC993< 5@7::ABC993< 3< 273>D@73A53@316B3< 3B @==AB3@ ;3B 23 9@=;;7<5 ://B ;3B 23 A16C7<3 9/
1&?*3 '7&&)5&3 % D==@ AB==453@316B3< 3< A=C44:NA 273 C 9://@;//9B 7< 23 =D3< 78 7A 078H=<23@ 53A1679B D==@ 23 0@//2/CB=;//B *9&1*3 '7&&)5&3 % 3H3 7A /453AB3;2 => 23 0@//2H=<3 D/< 23 93@/;7A163 9==9>://B 3 0@//2>/< 7A 53A1679B D==@ 23 9==9A3=@B73A D/< 0C7B3< 5@/<73B3;/7: 3< =D3<03AB3<2753 5:/H3< 239A3: 3 5:/H3< 2
2&.11*3 '&051&&9 % 2*9 &39.&&3'&01&&, 30/9 3< 9=3983A 9C<<3< 53;/993:7893@ E=@23< :=A53;//9B D/< 23 0/9>://B )16C74 23 0/9>://B ;3B 23 A16C7<3 9/D@73A53@316B3< 3< 5@=B3 0@//2S ABC993< 9=;3< 53;/993:7893@ :=A D/< 23 0@//2A:323 )16C74 23 0@//2A:323 ;3B 23 A16C7<3 9/
#447 -*9 **789* ,*'7:.0 !< 27B 6==42ABC9 D7<2B C /::3A E/B C ;=3B 2=3< D==@2/B C D==@ 63B 33@AB 5//B 9=93< #//B 23 =D3< =>E/@;3< 3< ;//9 23 B=3036=@3< A16==< #33A 23 D37:756372A// C 273 63B 27A>:/G D/< 63B 4=@>3@3< $&33**7 45 -*9 ).851&> -*9 8>2'441 *3 )7.* 3:11*3 03.55*7*3 * 4;*3 45<&72*3 .*7;447 ,&&9 : &18 ;41,9 9* <*70 !4*'*-47*3 ;4477*.3.
* 4;*3 .389*11*3 + 6334B D3@A167::3<23 ;=53:7896323< =; CE =D3< 7< B3 AB3::3< * 4;*3 2*9 )* -&3) :.98(-&0*1*3 :A 63B 53@316B 9://@ 7A A16/93:B C 23 =D3< H3:4 C7B * 4;*3 <47)9 &:942&9.8(:.9,*8(-&0*1) + 9C
".98(-&0*1*3 :A 63B 53@316B 9://@ 7A H3B C 23 4C<1B7393CH39<=> C7B 389*11.3, <./?.,*3 + 9C3@/BCC@ =4 23 5@7::AB/<2 => 3:9 53E33@/BCC@AB7857<5 7< 23 =D3< H73< -/<<33@ /::3 D3:23< D=: H78< 7A 63B =>B7;/:3 B782AB7> 03@379B =; 63B 53@316B 7< 23 =D3< B3 A16C7D3< 78 63B 5@7::3< D3@A1678
389*11.3, <./?.,*3 3 B=3BA *782 7<2@C993< $3B B=3BA =4 B=3BA B782A2CC@ D3@/<23@3< *9 .389*11*3 &+'7*0*3 C<1B7393CH39<=> C7BH3BB3< 389*11.3,*3 45;7&,*3 3 37<2B782 =4 B782 =>D@/53< 23 B=3BA *782 H= D//9 7<2@C993< B=B 63B 03B@3443<23 AG;0==: D3@A167853D@//523 E//@23 D3@A1678
*89<&729*D .3).(&9.* .=:/<5 3@ 33< AG;0==: 9<7>>3@B 9C3@/BCC@ D/< 23 =D3< 1/ K :A 23 B3;>3@/BCC@ B=B 17@1/ K 7A 532//:2 5//B 23 D3@E/@;7<5A1=
!./) %/ 23 33@AB3 //>3@3< 63B AG;0==: 3< 2@73 63B 27A>:/G )B3: 23 B782 7< 3 4C<1B7393CH39<=> 273 63B 27A>:/G D3@A1678>3@B CC@ 3< 63B AG;0==: $3B B=3BA =4 B=3BA S 23 B782 7
$*00*7 + 9CB =317//: A75
* <*00*7 *3 9./)8)::7 145*3 ,*1./09./)., &+ 3 AG;0=:3< 0@/<23< 3 E3993@B782 :==>B H716B0//@ => 63B 27A>:/G /4 (3AB3@3<23 B782 37<2B782 =4 B782 =>D@/53< 23 B=3BA *782 H= D//9 7<2@C993< B=B 63B 03B@3443<23 AG;0==: D3@A167853D@//523 E//@23 D3@A1678 63B 27A>:/G &8.8.389*11.
&8.8.389*11.3,*3 <./?.
.3)*78149 &; B3 D==@9=;3< 2/B 97<23@3< >3@ =<53:C9 23 =D3< 7 273:/G 63B AG;0==: E33@5334B 7B 2CC@B 1/ A31=<23< 1400*7.3, 45-*++*3 *=3AB ):3CB3: 7<2@C993< B=B 63B AG;0==: D3@2E78
:942&9.8(-* ?*1+7*.3.,.3, 73@078 E=@2B 23 =D3< B=B 1/ K =>53E/@;2 (3AB3< D/< 63B 0@/23< 5@7::3< =4 0/993< E=@23< D3@0@/<2 + 9C 95:A@1: 319500180 /- AA> 95:A@1: 5:@1:?512 /- AA> D==@ CE D37:756372 E=@2B 23 =D3< /CB=;/B7A16 D3@5@3<23:2 + 9C/A E33@ =>3<3< E/<<33@ 63B AG;0==: ,3@5@3<23:7<5 D/< 63B 27A>:/G D3@2E3<3< 7A .9 ).*39 : 9* <*9*3 3 0C7B3<9/
#=AA3 D=32A3:@3AB3< D3B 3< D:33A8CA 9C<<3< D:/; D/BB3< (7A71= D/< 0@/<2 %33; 23 =D3< 3< 23 B=3036=@3< 273 ;3353@37<752 E=@23< /4 ;3B 33< D=16B753 2=39 $//9 23 =D3<23C@ 3< 23 D:/993< 078 23 23C@2716B7<5 A16==< 3 23C@2716B7<5 ;/5 <73B E=@23< 53A16CC@2 #3B 3@ D==@2/B C 0357 2/B 23 =D3<23C@ 53A:=B3< 7A %4 89*19 : .
*9 8>2'441 '7&3)9 3 =D3< 7A 633B 3< D==@ CE D37:756372 D3@5@3<23:2 &> 63B ;=;33<2 )16/93: 2/< >/A 23 4C<1B7393CH39<=> C7B !./)8)::7 *3 *.3)* 45;7&,*3 3 @3AB3@3<23 B782 =4 37<2B782 =>D@/53< 3 B=3BA *782 H= D//9 7<2@C993< B=B 63B 03B@3443<23 AG;0==: D3@A1678
*9 .389*11*3 &+'7*0*3 C<1B7393CH39<=> C7BA16/93:3< %/2/B 23 @37<757<5 7A 53AB/@B 9/< 23 @37<757<5AAB/<2 <73B ;33@ E=@23< D3@/<23@2 $&33**7 )* 4;*3 .8 &+,*04*1) %33; C 23 /16B3@530:3D3< /A ;3B 33< D=16B753 2=39 C7B 23 =D3< '://BA 23 4@/;3A E33@ B3@C5 .73 673@D==@ 63B 6==42ABC9 &<23@6=C2 3< @37<757<5 ;*7.
3)*7-4:) *3 7*.3.,.3, 30@C79 <==7B 33< 6=532@C9@37<753@ =4 33< AB==;AB@//:/>>/@//B :.9*3?.
;*3 30@C79 533< 6/@23 A16CC@A>==@=2C1B3< ;/5 C /::33< => 23 3;/7:D:/993< D/< 23 =D3< 530@C793< 2 -*9 7*.3.,*3 ,*2&00*1./0*7 9* 2&0*3 9C 7
&D3@753 H33@ 6=53 B3;>3@/S BC@3< 73@2==@ 9C<<3< 3@ 9:37<3 9:3C@D3@A167::3< = 23 E3@97<5 36/<23: 23@53:7893 D3@9:3C@7<53< <73B ;3B 6/@23 A16CC@A>=:/B3< 9C<<3< <73B D=::3275 E=@23< 53O;/7::33@2 .3 9C<<3< 2//@=; @CE H78< 3 03A163@;7<5 B353< 1=@@=A73 7A 316B3@ 535/@/<233@2 * ,1&?*3 &+8(-*72.3, ;&3 )* 4;*31&25 7*.3.
*.3.,.3, ;&3 )* 4;*37:.
439&,* #3B 3@=> 2/B => 03723 @C7B3< :7<9A=<23@ 23 E==@23< I@756B /0=D3 =<23@AB30=D3< AB//< 3 =D3<@C7B A16C7<
7&2*8 7*.3.,*3 3 4@/;3A ;3B 23 C7BA16C740/@3 @/7:A 9C
$&9 9* )4*3 './ 8947.
1-/',% -%#*'()# --/6 ) : 01 @560?5:05/-@51 B1>?/456:@ 01 2;A@91805:3 G >O ;2 G >O 1 @19<1>-@AA>?1:?;> 5? A5@31B-881: #119 /;:@-/@ ;< 91@ 01 78-:@1:?1>B5/1 : 01 @560?5:05/-@51 B1>?/456:@ 01 2;A@91805:3 G >O $:6A5?@1 :1@--:?8A5@5:3 1 F171>5:31: 5: 01 91@1>7-?@ A5@?/4-7181: 1: 41@ -<<->--@ 3;10 8-@1: --:?8A5@1: : 01 @560?5:05/-@51 B1>?/456:@ 01 2;A@91805:3 G >O ) 4112@ 01 F182>15:535:3 5:31?@180 1 B1>3>1:0185:3 B-: 01 ;B1:01A> 5? 0121/@ A:/@5171AF17:;< A5@?/4-7181: 1: /;:@-/@ ;<:191
;*31&25 ;*7;&3,*3 .
1&39*38*7;.
!&'*11*3 *3 9.58 73@ D7<2B C 33< 93C@ //< 53@316B3< 3< 23 2//@078 036=@3<23 =>B7;/:3 73@/BCC@ 63B ;33AB 53A1679B 7A D==@ CE 53@316B E3:93 B=3036=@3< 3@078 B3 530@C793< H78< 3< => E3:93 6==5B3 63B 273A =D3@ 63B A3@D73A 3< 23 03@3727<5 3< D==@ 63B 53D/: 3@ =B E/B ;7A H=C 5//< !&&79 (&0* *3 ,*'&0 &00*3 45 AA3 3.
!< 23 B/03::3< D7<2B C D==@ D3@A167::3<23 B//@B3< 1/93A 3< 530/9 23 =>B7;/:3 D3@E/@;7<5A;3B6=23 3 B3;>3@/BCC@ 3< B782A2CC@ H78< /46/<93:789 D/< 23 6=3D33:6372 3< 23 //@2 D/< 63B 2335 !< 23 B/03::3< H78< 03@3793< //<5353D3< '@=033@ 33@AB 23 ://5AB3 E//@23 3< :/53 B3;>3@/BCC@ H=@5B 3@D==@ 2/B 63B 53@316B 53:789;/B753@ 0@C7< E=@2B )B3: 23 =D3< 7<273< <=275 23 D=:53<23 933@ 6=53@ 7< 789=;3<23 7<4=@;/B73 D7<2B C =<23@ I*7>A D==@ 63B 0/993<
# ) -. "# .* 1 --%1# #/4 /9 #+.#/ 122/ +',%09 7 +#1&-"# &;1>P ;2 35?@0113 91@ 0>;31 BA885:3 ;2 .;B1:7-:@ -7<8--@ .-7<8--@ .>--0?8101 &;1>P ;2 35?@0113 91@ B;/4@531 BA885:3 ;2 .;B1:7-:@ B>A/4@1: >--0?8101 .-7<8--@ .>--0?8101 5?/A5@>;8 B;;>B1>C->91: '("0"22/ +',21#, P P P P P P P P -7<8--@ P 1B8;/4@1: 31.-7 91@ 3 .8;19 -7<8--@ P P 1>?@?@;8 91@ .8;19 >--0?8101 P P 1>?@?@;8 91@ 73 .
*#', %# ) --%1# #/4 /9 #+.#/ 122/ +',%09 7 +#1&-"# '("0"22/ +',21#, -7<8--@ -7<8--@ .>--0?8101 .-7<8-@1: .>--0?8101 P P P '/4A5931.-7 %8--@ ';1?61? %8--@ 5@@1>7;1761? -7<8--@ -7<8--@ .>--0?8101 .-7<8-@1: .>--0?8101 8-01>0113 -7<8--@ -7<8--@ .>--0?8101 .-7<8-@1: .
# ! )# 4-/"1 1# "-,)#/ , "# -3#,) ,1 '/4A52 419 051<1> 5: 01 ;B1: 751? 11: 8-31>1 @19<1>-@AA> 1: .-7 419 C-@ 8-:31> # ! )# '0 1# "/--% %>57 91@ 11: @-:01:?@;71> 7815:1 3--@61? 5: 01 3->1 /-71 -->:- 351@ A 1> B>A/4@1:?-< ;2 -8/;4;85?/41 0>-:7 ;B1> 51? 01 B;831:01 711> 11: @19<1>-@AA> 051 3>-01: 4;31> 5? 1: 9--7 01 .-7@560 7;>@1> #1 /--" -$ "# 1 /1 '(3 )4 /)1 /1 6'#1 #/ %-#" 2'1 + / '0 3 , ',,#, )*#$ *;13 01 B;831:01 711> 95:01> B8;15?@;2 @;1 1: .
#1**8 ,*;4,*19* ;.8 *7;.*8 + 9C 63B @==AB3@ 33B A3@D73A5=32 D/< 5:/A 9C 33< 2@=53 93C93<2=39 !A 23 =<23@5@=<2 >3< &3<./?.
#1**8 *##0 3 B/03: 53:2B D==@ 53@316B3< 273 7< 23 9=C23 =D3< E=@23< 53>://BAB 3 B7823< 7< 23 B/03::3< H78< @716BE//@23< .3 H78< /46/<93:789 D/< 23 9E/:7B37B 3< 23 B=3AB/<2 D/< 63B D:33A #4'!&1 --)9 #, )%#/#' --%1# #/4 /9 +',%09 +#1&-"# #+.#/ 9 '("0"22/ 122/ 7 +',21#, %/'** 1?@;;20 >A:0B811? .56B 78-@A7 73 73 73 31?8;@1: P P P &A:01>81:01 73 73 73 ;<1: P P P &;?.512 >;?K 73 ;<1: P '@1-7? 0;;>31.
*;4,*19* 3 B/03: 53:2B D==@ >@=2C1B3< 273 7< 23 =://BAB 3 53E716BA5353D3 =<53DC:2 53D=53:B3 2/B 9://@ 7A =; 530@/23< B3 E=@23< :A C 27@31B => 63B @==AB3@ 5@7:B A16C74 2/< 23 0@//2A:323 => 6==5B3 7< 23 =D3< )B339 078 33<2 =4 5/3< @=B3 ABC993< 53D=53:B3 273>3@75 0@C7< /:A C 63B B353< 63B 37<23 D/< 23 03@3727<5AB7
#.8 3 B/03: 53:2B D==@ >@=2C1B3< 273 7< 23 =://BAB '0 #4'!&1 *5? 313>580 <1> ?@A7 73 73 *5? 5: <8-771: .56B 7;@181@@1: #/3'#0 3 3 <1> ?@A7 >--0?8101 ;< 4;;3@1 &;;?@1> &;;?@1> --%1# #/4 /+',%09 #+.#/ 9 +#1&-"# 122/ 7 %/'**01 ," '("0"22/ +',21#, P P P P P P 5: 01 ;B1: ?/4A5B1: !.58 ;447 -*9 '7&)*3 *3 ,7.11*3 --/ 3*##0%#4'!&1 01 , #/ %##, -.
4:++1A 8 ,*,7&9.3**7)* ,*7*(-9*3 94&89 3 B/03: 53:2B D==@ >@=2C1B3< 273 7< 23 =://BAB #/#!&1 --)9 #, )%#/#' ,;1@1 ?;A288K? .56B 7C->7?;A228K 91@ 2>A5@ $B1:?/4--8 ->@531 ?;A228K? 91@ 317;;7@1 5:3>105L:@1: .56B :;1018?;A228K *AA>B-?@1 ?/4--8 .>--0?8101 %57-:@1 ?;A228K? 91@ >-AC1 5:3>105L:@1: .56B -->0-<<183>-@5: $B1:?/4--8 ;2 .>--0?8101 >;;0 >;;?@1>1: &;;?@1> (;-?@ 3>-@5:1>1: &;;?@1> --%1# #/4 /9 +',%09 +#1&-"# #+.
39)44.*3 #3D3/997<5 <3;3< 3< 7< 33< 53A1679B3 A16//: => 63B @==AB3@ >://BA3< #33A 23 // 23 D3@>/997<5 3 =;;9@-->@1: />J91@-->@1: @-->@1: 91@ /4;/;8-01P ;2 ?A571>38-FAA> 1@/ &;;?@1> ,"#/# "'#.3/'#0./-"2!1#, 5< C;>?@ 1: B811? .>;;0 .>;;061? /-71 1: -:01> 31.-7 &;;?@1> --%1# #/4 /+',%09 #+.
32&0*3 #447'*7*.
7:.9 .32&0*3 .=2@/ 3@ ;3B 9=@B3 BCAA3<>=H3< 03::3< =>AB7853< 7< 23 >=BB3< S C7B %33; 23 5:/H3< >=BB3< C7B /2'1 ', %* 6#, .-11#, 3 , 88, *'1#/ ,,##/ -//#*#, #%',1 4 /+#, <<18? >;01 .1??1: -->0.
!.58 ;447 -*9 85&7*3 ;&3 *3*7,.
(7>1&2.)* .3 1*;*382.))*1*3 2 <*10* ;4*).3,8D 2.))*1*3 ,&&9 -*9 1@G:/;723 =>3:>@=2C1B3< H=/:A 078D //@2/>>3:167>A >/B/B3A 4@7B3A B=/AB 0@==283A 0@==2 478<3 0/9E/@3< 9=3983A B//7B//7 A>31C://A 078 23 03@3727<5 AB3@9 E=@23< D3@67B '.0 3--/ )* /+ )#, 3 , %#/#!&1#, +#1 4#','% !/5* +'"# *%#+##, ))#, ;1761? %-@-@1? 2>5@1? A5@ 01 ;B1: 1>1505:3?@5601: F; 7;>@ 9;318567 4;A01: 1 31>1/4@1: 3;A03118 1: :51@ @1 0;:71> .-771: >;@1 05771 5:31>105L:@1: .
!*89,*7*(-9*3 ,=:53@=2C1B3< 273 7< 23 =://BAB #/#!&1 -# #&-/#, #, ,4'(6',%#, --%1# #/4 /9 #+.#/ 9 '("0"22/ +',%09 122/ 7 +',21#, +#1&-"# '<>5@?31.-7 -7<8--@ -7<8--@ .>--0?8101 .-7<8-@1: .
7.11*3 3 B/03: 53:2B D==@ >@=2C1B3< 273 7< 23 =://BAB #/#!&1 -# #&-/#, --%1# #/4 /+',%09 /'**01 ," +#1&-"# (;-?@ >;;?@1>1: 95: B;;>B1>C->91: &;;?@1> '@-:0 P 112.A>31> &;;?@1> '@-:0 P #- ?@A7? B-: 01 @560 71>1: 1 .