8NXidN\cZfd\ K_\9f[\ej\\$MfiXicY\i^i\^`fe#n`k_`kjkfnejf]9i\^\eq#;fieY`ie#?f_\e\djXe[=\c[b`iZ_d`e^c\jliYXe\ÕX`in`k_ XgXjkfiXc`[pcc%Efn_\i\\cj\`e8ljki`X_Xjk_\alokXgfj`k`fef]fc[Xe[e\nXiZ_`k\Zkli\jlZ_Xjki`b`e^\]]\Zkfek_\ cXe[jZXg\%@ek_\kfnejXjn\ccXjk_\m`ccX^\j%K_\e\nXiZ_`k\Zkli\`egXik`ZlcXii\m\Xcjn_Xk`j`dgfikXekkfk_\g\fgc\ `ek_\j\gXikj1X\jk_\k`Zj#]leZk`feXc`kpXe[n\cck_fl^_k$flk]il^Xc`kp#j`eZ\k_\_flj\jXi\Xcjfjki`b`e^`ek_\`i\o\dgcXip cfn\e\i^pZfejldgk`fe% K_\ZlckliXcjZ\e\`j\oki\d\cpc`m\cp%K_\dXafi]\jk`mXcj`eZcl[\k_\9i\^\eq=\jk`mXc#k_\9i\^\eqJgi`e^;XeZ\=\jk`mXc Xe[k_\=\c[b`iZ_=\jk`mXc%GcXpj#dlj`ZXe[ZXYXi\kXi\_fjk\[fejkX^\jYfk_cXi^\Xe[jdXcck_ifl^_flkk_\p\Xi% Dlj\ldj_fc[\oZ`k`e^\o_`Y`k`fej%Jfd\f]k_\dfjk$m`j`k\[Yl`c[`e^j`eZcl[\Blejk_Xlj9i\^\eq#k_\MfiXicY\i^\i CXe[\jdlj\ld`e9i\^\eq#k_\`ek\iXZk`m\eXkli\dlj\ld`eXkliXÆXe[k_\Ifccj$IfpZ\Dlj\ld`e;fieY`ieXjn\ccXj k_\A\n`j_Dlj\ld`e?f_\e\dj% K_\Zflekipj`[\`jYi\Xk_kXb`e^cpY\Xlk`]lc1k_\D\[`k\iiXe\Xe$c`b\j_fi\jf]CXb\:fejkXeZ\#k_\\ogXej`m\gcX`ej`ek_\ I_`e\MXcc\p#k_\^\ekcpi`j`e^gXefiXd`ZdflekX`ej%?`b`e^Xe[ZpZc`e^gXk_jXYfle[%
8ii`mXc K_\9f[\ej\\$MfiXicY\i^i\^`fe`j\Xj`cpXZZ\jj`Yc\Yp Xcckpg\jf]kiXejgfik#Xe[]ifdXcc[`i\Zk`fej%K_\glYc`Z kiXejgfike\knfib`ek_\i\^`fe`jm\ipn\cc[\m\cfg\[% KiX`ejY\kn\\e9i\^\eqXe[=\c[b`iZ_ #Ylj\jXe[CXb\ :fejkXeZ\YfXkjY\cfe^`e^kfMfiXicY\i^C`e\jfg\iXk\%
:fd`e^]ifdk_\<Xjk Q m`X@eejYilZbÆCXe[\ZbÆ8icY\i^ifX[klee\cfigXjj 9p8`i K_\Zcfj\jkX`igfikjXi\Qli`Z_:? #Jk%>Xcc\e$8ck\ei_\`e :?#jZ_\[lc\[Õ`^_kjn`k_8ljki`Xe8`ic`e\j]ifdXe[kf M`\eeX #=i`\[i`Z_j_X]\e;#`ek\ieXk`feXcjZ_\[lc\[Õ`^_kj n`k_@ek\ijbpXe[IpXeX`i #D\dd`e^\e;#`ek\ieXk`feXc jZ_\[lc\[Õ`^_kjn`k_KL@ÕpXe[IpXeX`i Xe[Dle`Z_; %
:fd`e^]ifdk_\Efik_ Q m`XJklkk^XikÆJ`e^\eÆD\\ijYli^ÆC`e[Xl Q m`XLcdÆD\dd`e^\eÆC`e[Xl Q m`X8l^jYli^fiDle`Z_ÆB\dgk\eÆC`e[Xlfi Q m`XDle`Z_ÆD\dd`e^\eÆC`e[Xl
KfccJk`Zb\i K_\lj\f]XccdfkfinXpjXe[[lXcZXii`X^\nXpj`e8ljki`X `eMfiXicY\i^#k_\j\Xi\k_\8(+Xe[k_\J(- `jjlYa\ZkkfX ]\\%PflZXeYlpX('$[Xp#)$dfek_fiXp\Xicpkfccjk`Zb\i%
:fd`e^]ifdk_\N\jk Q m`XQli`Z_ÆJk%>Xcc\eÆJk%DXi^i\k_\e Q m`XQli`Z_ÆNXc\ej\\ÆJXi^Xej
K_\jf$ZXcc\[Bfii`[fiM`^e\kk\\ek`kc\jdfkfi`jkjkfkiXm\c fek_\ÈZfii`[fiÉf]k_\8(+I_`e\MXcc\p&NXc^XldfkfinXp `eMfiXicY\i^#n_`Z_`jXjki\kZ_Xggifo%)*bdcfe^Y\kn\\e k_\>\idXeYfi[\iXe[k_\aleZk`feXk?f_\e\dj%@kZfjkj `)j`e^c\aflie\p fi`+i\klieaflie\p %
:fd`e^]ifdk_\Jflk_ Q m`X:fdf@&:? ÆJXe9\ieXi[`efÆK_lj`jÆ:_li Q m`XI\jZ_\egXjj@&8 ÆCXe[\Zbfi9i\ee\idfkfinXp Q @&8 Æ@eejYilZbÆCXe[\ZbÆ8icY\i^ifX[klee\cfigXjj
Stuttgart 210 km
Mainau
Ravensburg
Meersburg Memmingen 72 km Friedrichshafen 39 km
Stein am Rhein Munich 200 km
Constance
D Hohenweiler
Lake Constance
Lindau
Möggers Hörbranz Eichenberg Lochau
BefnPfliNXp8ifle[
Bregenz Rorschach
Langen Kennelbach
Hard
Fussach Gaissau St. Gallen, Höchst Altenrhein 24 km
0
5 km
Buch
Lauterach
Bildstein
Wolfurt
Schwarzach Lustenau
Dornbirn
A 14 Zurich 137 km
CH
FL
Hohenems BODENSEEVORARLBERG Klaus Fraxern Weiler Viktorsberg Röthis Zwischenwasser Meiningen Sulz Laterns Rankweil Übersaxen Feldkirch Göfis
BREGENZERWALD KLEINWALSERTAL
Röns
Frastanz
ARLBERG
Schlins
J\im`Z\
Innsbruck 184 km
Vorarlberg
Q 8ccqfe\j1`)0]fiX[lckj `(+]fiZ_`c[i\eY\kn\\e-Xe[(, nnn%\li\^`fbXik\%Zfd
ALPENREGION BLUDENZ
J
-/'' =\c[b`iZ_
*)%,/)
+,'
' ,,))&.*+-.
*+)0
kfli`jdlj7]\c[b`iZ_%Xk
((/. =\c[b`iZ_
-/)' =iXjkXeq
-%*''
,)'
' ,,))&,(,''
,(,*+$-
kfli`jdlj7]iXjkXeq%Xk
(-+ =\c[b`iZ_
-,*
/)'
' ,,)*&-+,((
$+
lci`b\%jldd\i7]iXo\ie%Xk
(' =\c[b`iZ_
*%-)/
*0/
' ,,./&.,.(-$'
$(0
^\d\`e[\Xdk7]ljjXZ_%Xk
)-
*%'-'
-''
' ,,))&.).(,$()
$/,
^\d\`e[\Xdk7^f\Ôj%Xk
-/(( >Ôj -0.( ?Xi[ -0.* ?Z_jk -/+, ?f_\e\dj -0(+ ?f_\en\`c\i -0() ?iYiXeq -0)( B\ee\cYXZ_ -/** BcXlj -0*) CXe^\e&9i\^\eq -/*' CXk\iej -0)* CXlk\iXZ_
(*%(''
*) =\c[b`iZ_
' ,,.+&-0.$)'
).'
9i\^\eq
' ,,./&.0'.$*/
$--
_\c^X%cXl7_f\Z_jk%Xk
)*.
9i\^\eq
+*)
' ,,.-&+)./'
.-/''
kfli`jdlj7_f_\e\dj%Xk
)). ;fieY`ie
' ,,.*&/**(,
$,
^\d\`e[\7_f_\en\`c\i%Xk
-%-++
+)-
' ,,.*&/))))$'
$+
^\d\`e[\7_f\iYiXeq%Xk
)%'((
+)*
' ,,.+&.(/0/
$)'
`e]f7b\ee\cYXZ_%Xk
,(' --'
' ,,)*&-),*-$(* ' ,,.,&++(,
.,' 0''$()'' ' ,,)-&)'*
$+
^\d\`e[\7bcXlj%Zem%Xk
$+
^\d\`e[\7cXe^\e%Xk
)(+
kfli`jdljXdk7cXk\iej\ikXc%Xk
*)
9i\^\eq
),,
9i\^\eq
9i\^\eq
' ,,.+&.(/)0#..).-
-++0.
mmc7`]d%Xk
' ,,.+&+,*'+
+)(-/$++
kfli`jdlj7cfZ_Xl%Zem%Xk
)//
9i\^\eq
-/0' Cljk\eXl
)(%)''
+',
' ,,..&/(/($'
/-/-/
kfli`jdlj7cljk\eXl%Xk
)+) ;fieY`ie
(%0,'
+)+
' ,,))&.(*.'
$.
^\d\`e[\7d\`e`e^\e%Xk
-/*' IXebn\`c -/)) Iej
,,' /''Æ0'' ' ,,.*&/*/(+ ((%0*' *'*
+-, -()
$-
^\d\`e[\7df\^^\ij%Xk
' ,,))&+',$(',
+',$-''
Yl\i^\ij\im`Z\7iXebn\`c%Xk
' ,,)+&/(++
$(,
^\d\`e[\7if\ej%Xk
' ,,))&+,*),$'
$-
`e]fidXk`fe7if\k_`j%Xk
' ,,))&+,*),$'
$-
`e]fidXk`fe7if\k_`j%Xk
$.,
d\c[\n\j\e7jZ_c`ej%Xk ^l\ek\i%iX`[\c7jZ_nXiqXZ_%Xk
-/*) Ik_`j
(%00)
,('
-/*) Jlcq
)%)*.
,',
-/)+ JZ_c`ej
)%*-,
,')
' ,,)+&/*(.$'
-/,/ JZ_nXiqXZ_
*%,''
./ 9i\^\eq
,,
=\c[b`iZ_
+*+
' ,,.)&,/((,$()
$))
0''
' ,,))&+(*((
$(,
`%]i`kjZ_7l\Y\ijXo\e%Xk
., =\c[b`iZ_
0''
' ,,)*&-+.()
$+
^\d\`e[\7m`bkfijY\i^%Xk
((- =\c[b`iZ_
,''
' ,,)*&,((''
$0
^\d\`e[\Xdk7^\d\`e[\$n\`c\i%Xk
(' ;fieY`ie
-0)) Nfc]lik
/%*''
+)'
' ,,.+&-/+'$'
$)' $(,
=\c[b`iZ_
^\d\`e[\7nfc]lik%Xk
*' 9i\^\eq
d\c[\Xdk7qn`jZ_\enXjj\i%Xk
.* =\c[b`iZ_
.' =\c[b`iZ_
-)'
*%(** ,''$)''' ' ,,))&+0(,$'
)' =\c[b`iZ_ ('. =\c[b`iZ_
*/'
-/*) Qn`jZ_\enXjj\i
9i\^\eq
(-- IXebn\`c
('.
(%0''
-/*- M`bkfijY\i^
=\c[b`iZ_
-/** N\`c\i
-/*+ |Y\ijXo\e
.) =\c[b`iZ_ ,-
+() +()
-0'' D^^\ij
)/' =\c[b`iZ_
0%*.'
9i\^\eq
,%-''
*0/ +'*
-0(( CfZ_Xl -/() D\`e`e^\e
,'+
(+)-
kfli`jdlj7_Xi[%Xk
9i\^\eq
(%)0.
*%(''
$,+
9i\^\eq
(,%'''
.%/*,
JhlXj_
K\ee`jZflik
)'*
@Z\jkfZbjgfik
(-.) ;fieY`ie
\`Z_\eY\i^%kfli`jdlj7Zem%Xk
@e[ffik\ee`jZflik
JXleX
8iZ_\ip
:XYc\ZXijXe[jb`&Z_X`ic`]kj
kfli`jdlj7[fieY`ie%Xk
+)-0,$+
JX`c`e^&jliÔe^
9fnc`e^
D`e`Xkli\^fc]
?fij\YXZbi`[`e^
>fc][i`m`e^iXe^\
@e[ffiJn`dd`e^Gffc
*()**
' ,,.+&+)+)0
:ifjj$Zflekipjb``e^
@Z\jbXk`e^
=`ke\jjkiX`c
>l`[\[_`b\j
9`ZpZc\i\ekXc
9i\^\eq
=legXibj&ZXepfe`e^&Zc`dY`e^
9i\^\eq
' ,,.)&))(//
.0-
-0.) =ljjXZ_
@dgi`ek GlYc`j_\i19f[\ej\\$MfiXicY\i^Kfli`jdlj>dY?#:feZ\gkXe[cXpflk1J`cY\iYXcc9i\^\eq>dY? K\ok&:ffi[`eXk`fe&I\j\XiZ_1B`eqBfddle`bXk`fe#9f[\ej\\$MfiXicY\i^Kfli`jdlj>dY?#Gi`ek\ij19lZ_[ilZb\i\`Cljk\eXl>dY? KiXejcXk`fe1gifm\iYD%DX`YXZ_#G_fkfj19\ie[FjnXc[29i\^\eqKfli`jdljJkX[kdXib\k`e^29ipXeI\`e_Xik#MfiXicY\i^Kfli`jdljXiZ_`m\2 ;`\kdXiNXcj\i2;fieY`ie\iJkX[kdXib\k`e^2B\m`e8ik_f#MfiXicY\i^Kfli`jdljXiZ_`m\2dXik\%dXik\%XiZ_`k\bkli2Fk_dXi?\`[\^^\i# G]e[\iYX_e8>2I_\`e$JZ_Xl\e2IfdXe?fie\i#9i\^\eqKfli`jdljJkX[kdXib\k`e^2J%=%?%#MfiXicY\i^Kfli`jdljXiZ_`m\2JkX[k?f_\e\dj2 MfiXicY\i^C`e\j2Nfc]fi[8>$M\ij`fe18gi`c)''0%8cc`e]fidXk`fe`jjlYa\Zkkfgi`Z\Z_Xe^\j#d`jgi`ekjXe[kpgf^iXg_`ZXc\iifij%;\jg`k\ kXb`e^k_\lkdfjkZXi\#9f[\ej\\$MfiXicY\i^Kfli`jdlj>dY?ZXeefkY\_\c[c`XYc\]fik_\XZZliXZpf]k_\`e]fidXk`fe%
9i\^\eq
,
.), +*-
+''
@EK?<<M<EKF=<E:@<J
/' (0'+
;fZkfi
^\d\`e[\Xdk7YlZ_%Zem%Xk
=`j_`e^
kfli`jdlj7Yi\^\eq%Xk
$+
,-. +,%,*(
-0(( <`Z_\eY\i^
;`jZf&ZclY
kfli`jdlj7^\d\`e[\$Y`c[jk\`e%Xk
,0
' ,,.0&/)()
G_XidXZp
+(-''
' ,,.+&+0,0$'
9\XZ_mfcc\pYXcc
' ,,.)&,/*/+
EldY\if]Y\[j
-,0 +''
EXd\f]k_\Zcfj\jk\ogi\jj kiX`ejkXk`fen`k_Yljjkfg
.() )/%'''
-0-' 9lZ_ -/,' ;fieY`ie
-/** =iXo\ie
8I9{$Yi\Xb[fnej\im`Z\ ()*XYYi\m`Xk\[eldY\i#ef[`Xcc`e^Zf[\#[XpXe[e`^_k J\im`Z\Z\ek\ij`e9i\^\eq#;fieY`ie#=\c[b`iZ_#9cl[\eq 8I9{$CXe[\jfi^Xe`jXk`fe#I\`Z_jjkiX\/)#-/''=\c[b`iZ_ K"+*' ,'&()*$)/''#nnn%XiYf\%Xk
<$dX`c
-/,/ 9`c[jk\`e -0'' 9i\^\eq
Bfg]K_fdXjÆZXiXe[kilZbi\ekXc Dfe$JXk.X%d%$0g%d%#Jle[XpjXe[YXeb_fc`[Xpj/X%d%$/g%d% Be`^j_f]jkiX\(+#-/''=\c[b`iZ_ K"+*' ,,))&.*+(/#nnn%Xlkfd`\k\e$d`k$bfg]%Xk
{8DK:Æ8@K&=@8&=@DifX[j`[\Xjj`jkXeZ\ ()'XYYi\m`Xk\[eldY\i#ef[`Xcc`e^Zf[\#[XpXe[e`^_k J\im`Z\Z\ek\ij`e?Xi[#;fieY`ie#IXebn\`c#9cl[\eq$9ij {8DK:MfiXicY\i^#Lek\i\Ifd_[\i)#-/,';fieY`ie K"+*' ,,.)&)*)*)$'#nnn%f\XdkZ%Xk
GfglcXk`fe
K_\dXafigclj1k_\9f[\ej\\
?\ikq Dfe$=i`/X%d%$()g%d%#(g%d%$,g%d%#JXk0%*'X%d%$((%*'X%d% JZ_n\]\c++#-/,';fieY`ie K"+*' ,,.)&)..'-#nnn%_\ikq%Xk
8ck`kl[\`ed
E
:_Xik\ic`e\8lkfm\id`\kle^>dY?Æ9lZ_Y`e[\ii\ek$X$ZXi Dfe$=i`.%*'X%d%$-g%d%#JXk.%*'X%d%$()g%d% =l\e\^^\iXi\Xc#NXcc\edX_[)*#-/,';fieY`ie K"+*' ,,.)&)'0'($'#"+*' /('&''.'('flkj`[\f] k_\fg\e`e^k`d\j #nnn%YlZ_Y`e[\i%Zf%Xk
GcXZ\
9FELJ:8I;J
8iXZ Dfe$=i`/X%d%$,g%d% JZ_n\]\c..#-/,';fieY`ie K"+*' ,,.)&),*('$)(#nnn%\lifgZXi%Xk
GfjkXc:f[\
K_\`e]fidXk`feXe[i\j\imXk`fejf]ÔZ\`jfg\eDfe[Xp kfJXkli[XpY\kn\\e/X%d%Xe[-g%d%
8eFm\im`\nf]k_\Kfnej`ek_\I\^`fe
:8II<EK8C
=XoEldY\if]Kfli`jkF]ÔZ\
9f[\ej\\$MfiXicY\i^Kfli`jd9fXi[ G%F%9fo(-#-0'(9i\^\eq#8ljki`X K"+*' ,,.+&+*++*$'#="+*' ,,.+&+*++*$+ f]ÔZ\7Yf[\ej\\$mfiXicY\i^%Zfd nnn%cXb\ZfejkXeZ\%\l
MONTAFON
K\c\g_fe\EldY\if]k_\ Kfli`jkF]ÔZ\:flekip:f[\1"+*
8ZZfddf[Xk`fe#Õ`^_kjXe[kX`cfi$dX[\gXZbX^\[\Xcj]fi \m\ekjXe[]fi^\kk`e^kfbefnk_\i\^`feÆpflZXeYffbXcc k_`j[`i\ZkcpXk9f[\ej\\$MfiXicY\i^Kfli`jd9fXi[%Fli YifZ_li\jfek_\i\^`fegifm`[\pfln`k_`e]fidXk`feXYflk Xccpfle\\[kfbefnXe[Xcck_\j`^_kjnfik_j\\`e^%@]jeX`c dX`ckXb\jkffcfe^#j`dgcpm`\nXe[gi`ekflkk_\YifZ_li\j ]ifdk_\@ek\ie\k%K_\9f[\ej\\$MfiXicY\i^n\YgX^\j ZfekX`ek_\YifZ_li\j`e[`^`kXc]fid%
M\ib\_ijm\iYle[MfiXicY\i^ K_\glYc`ZkiXejgfike\knfib`eMfiXicY\i^`jn\cc[\m\cfg\[% 8jkXe[Xi[`j\[]Xi\jpjk\dXggc`\jkfk_\kiX`ej#kfneXe[ i\^`feXcYlj\j%K_\jkXk\`j[`m`[\[`ekfqfe\jXe[i\^`fej% 8[Xpk`Zb\k]fik_\\ek`i\glYc`ZkiXejgfikjpjk\dZfjkj `()%)']fiX[lckj%=fik`d\kXYc\jXe[`e]fidXk`fefe]Xi\j# j\\1nnn%mdfY`c%Xk
Dlj\ldj
?8I; K\ok`c[ilZb$Dlj\ldD`kk\cn\`_\iYli^ ?flj\[`eXZXjkc\]fid\icpjliifle[\[YpdfXkj% 8gi%(jk$FZk%*(jk1N\[Xe[JXk,g%d%$.g%d%#Jle[XpjXe[ YXeb_fc`[Xpj('X%d%$()g%d% JXcYXZ_jkiX\ K"+*' ,,.+&-0.$)'#nnn%_Xi[%Xk
=ifdZfek\dgfiXipXikk_ifl^_kfcfZXc_`jkfip#]ifdk_\ Ôe\Ifccj$IfpZ\k_ifl^_kfcfm`e^cp[\j`^e\[dXe^\ij#]ifd eXkliXcnfe[\ijk_ifl^_kfk\ok`c\j1k_\iXe^\f]j`^_kjnfik_ j\\`e^Zfm\ijXcck_\j\%K_\i\^`feËjdlj\ldjYfXjkk_i`cc`e^ \o_`Y`k`fej#Xjn\ccXjk_\Y`qXii\%K_\df[\ieXiZ_`k\Zkli\ f]jfd\_flj\jÆ\jg\Z`Xccpk_\Blejk_Xlj9i\^\eqÆdXb\j k_\djki`b`e^%
?F?<E
N_\i\m\ipflj\\k_`jjpdYfc`kd\Xej]le]fik_\ pfle^\jkf]m`j`kfijkff
9I<><EQ Blejk_Xlj9i\^\eqBL9 :fek\dgfiXipXik% Kl\$Jle('X%d%$-g%d%#K_llek`c0g%d% [li`e^k_\=\jk`mXcg\i`f[1('X%d%kf0g%d% BXic$K`q`Xe$GcXkq K"+*' ,,.+&+/,0+'#nnn%blejk_Xlj$Yi\^\eq%Xk
GXcX`jK_liele[KXo`jXik`jkjË_flj\ =`e\Xikj]ifdMfiXicY\i^% FZkfY\i$Ale\#Kl\$JXk)g%d%$-g%d% Jle[XpjXe[YXeb_fc`[Xpj('X%d%$()g%d%#)g%d%$-g%d% >XccljjkiX\(' K"+*' ,,.+&+).,(#nnn%bl\ejkc\i_Xlj$Yi\^\eq%Xk
MfiXicY\i^\iCXe[\jdlj\ld Lek`cFZkfY\i)''0Kl\$Jle('X%d$-g%d% k_\eZcfj\[]fii\efmXk`fenfiblek`c)'(*% BfiedXibkgcXkq( K"+*' ,,.+&+-','#nnn%mcd%Xk
G]e[\iYX_e$Dlj\ld K\ccjk_\jkfipf]k_\ÔijkZXYc\ZXi`eMfiXicY\i^% ;X`cp/X%d%$.g%d%#\oZ\gkEfm%0k_Æ)'k_% Jk\`eYilZ_^Xjj\+cfn\ijkXk`fe K"+*' ,,.+&+)(-'$'#nnn%g]X\e[\iYX_e%Xk
Dlj\ldf]D`c`kXip?`jkfip`ek_\DXik`ejklid DXp(jkÆFZk%(,k_1Kl\$Jle('X%d%$,%*'g%d%#AlcpXe[8l^ljk1 Kl\$Jle('X%d%$.g%d%#Xcjffg\eDfe[Xpj[li`e^k_\=\jk`mXcg\i`f[% FY\ijkX[k K"+*' ',,.+&+--*)#nnn%dXik`ejklid%Xk
BiX]k_Xlj I\cXk\jk_\_`jkfipf]\c\Zki`ÔZXk`feXe[MfiXicY\i^Ëj@ccn\ib\% Dfe,g%d%$.g%d%lgfegi`fiXiiXe^\d\ek% N\`[XZ_jkiX\K"+*' ,,.+&-'($.)-')#nnn%mbn%Xk
BlejkiXld
;ilZbN\ib JdXccdlj\ldf]gi`ek`e^#`eZcl[`e^giffÔe^gi\jj\j% Kl\$=i`('X%d%$+g%d%#\m\ip*i[Jle('X%d%$(g%d% 8icY\i^jkiX\. K"+*' ,,.)&*)(((#nnn%[ilZbn\ib$[fieY`ie%Xk
Bi`gg\edlj\ld kc\((Z K"+*' ,,.)&)''-*)#nnn%bi`gg\edlj\ld$[fieY`ie%Xk
`ek\iXZk`m\eXkli\dlj\ld`eXkliXn`k_Xe\nJZ`\eZ\:\ek\i% ;X`cp('X%d%$-g%d% AX_e^Xjj\0&JkX[k^Xik\e K"+*' ,,.)&)*)*,'#nnn%`eXkliX%Xk
JkX[kdlj\ldXdDXibkgcXkq @dgfikXek`e]fidXk`feXYflkk_\_`jkfipf]k_\kfnef];fieY`ie% Kl\$Jle('X%d%$()g%d%#)g%d%$,g%d% DXibkgcXkq(( K"+*' ,,.)&**'..#nnn%jkX[kdlj\ld%[fieY`ie%Xk
Ifccj$IfpZ\Dlj\ld kc\((X K"+*' ,,.)&,)-,)#nnn%ifccj$ifpZ\$dlj\ld%Xk
Dlj\ldf]:_i`jkdXj[\ZfiXk`fej% ;\Z\dY\i&AXelXip1JXk%#Jle[XpjXe[YXeb_fc`[Xpj)g%d%$-g%d%fi lgfegi`fiXiiXe^\d\ekYpk\c\g_fe\]fi^iflgj]ifd/g\fgc\% Dfek]fikjkiX\*+ K"+*' ,,.)&)*()/#=Xd%?ljZ_c\
=l`c[f]8iZ_\ij#=\c[b`iZ_% >Ôj\iJkiX\) K"+*' ,,))&/,)0'#nnn%_j^$]\c[b`iZ_%Xk
IX[n\ckIX^^c Dfe$=i`0X%d%$()g%d%#)g%d%$-g%d%\oZ\gkK_l #JXk0X%d%$()g%d% J\\jkiX\+#-0.(?Xi[ K"+*' ,,.+&/0/0-
)$IX[JZ_\ikc\i Dfe$=i`/X%d%$()g%d%#)g%d%$-g%d%#JXk/X%d%$()g%d% 9Xkcf^^jkiX\)X#-/,';fieY`ie K"+*' ,,.)&)/*/)
JgfikDXk_`j Dfe$=i`/%*'X%d%$()g%d%#)g%d%$-g%d%#JXk/%*'X%d%$()g%d% JZ_n\`q\iJkiX\-/#-/+,?f_\e\dj K"+*' ,,.-&.)+(0#nnn%jgfik$dXk_`j%Zfd
,,'\o_`Y`kj]ifdk_\g\i`f[f](0)'$(0.'% K_l*g%d%$0g%d%Xe[lgfegi`fiXiiXe^\d\ek% Ifj\^^\ijkiX\K"+*' ,,..&/)./+f[\i"+*' --+&))'0'-+0
I8EBN<@C EXkXc`\$9\\i$Dlj\ld
ÈId\im`ccXÉfg\e$X`idlj\ld =fle[Xk`fenXccjf]k_\ÈM`ccXiljk`ZXÉ(jkkf*i[Z\ekli`\j % Fek_\^fc]Zflij\1XZZ\jj`Yc\XkXcck`d\j% K"+*' ,,))&+',$(',#nnn%iXebn\`c%Xk
Dlj\ld]fi;ilZb^iXÔb
ÈD`c`É#k_\]fid\iXidpjn`dd`e^gffc Nff[\ejk`ckZfejkilZk`fen`k_XeXkdfjg_\i\f]`kjm\ipfne% <XicpDXpkfd`[J\gk\dY\i1[X`cp]ifdXggifo%('X%d%$/g%d% ^ff[n\Xk_\ig\id`kk`e^ % K"+*' ,,.+&++)+)$'#nnn%jkX[kn\ib\$Yi\^\eq%Xk EXkliXcYXk_`e^jgfkjfek_\Èg`g\c`e\ÉY\kn\\e9i\^\eqXe[ CfZ_Xl#Xk9i\^\eqËjjX`c`e^Xe[pXZ_k`e^_XiYfli#Xkk_\\jklXip f]k_\9i\^\eq\iXZ_\%
=LJJ8:?
;li`e^k_\jldd\i#k_\9i\^\eq=\jk`mXcf]]\ijkflijfek_\ÕfXk`e^jkX^\1 Alcp))e[Æ8l^%)*i[1[X`cp((%*'X%d%#)%*'g%d%Xe[*%*'g%d% Ale\,k_ÆAlcp(.k_1=i`+g%d% K"+*' ,,.+&+'.$-#nnn%Yi\^\eq\i]\jkjg`\c\%Zfd
I_`e\[\ckXeXkli\i\j\im\ EXkli\i\j\im\fm\i)#'''_Xn`k_Xcclm`Xc]fi\jkj#df`jkXe[jkiXn d\X[fnj#i\\[Xi\XjXe[mXjkjXe[pY\XZ_\j%?fd\kffm\i*'' iXi\jg\Z`\jf]Y`i[% K"+*' --+&)')00--#Di%E`\[\i\i#nnn%i_\`e[\ckX%Zfd
CLJK<E8L Dlj\ldI_\`e$JZ_Xl\e I\cXk\jk_\_`jkfipf]k_\i\^lcXk`fef]k_\I`m\iI_`e\% DXp(jk$FZk%)-k_1N\[Xe[=i`$JleXe[YXeb_fc`[Xpj(g%d%$,g%d%# ^l`[\[kflij\m\ipJle[XpXe[YXeb_fc`[Xp\oZ\gkjg\Z`Xcgif^iXdj Xk(%*'g%d% ?Z_jk\iJkiX\+ K"+*' ,,..&)',*0#nnn%i_\`ejZ_Xl\e%Xk
BYc\i\`dlj\ld
=\c[b`iZ_1le`hl\`e[ffibXikkiXZb`eMfiXicY\i^#Zfm\i`e^+#'''d)% 8ccp\Xiifle[Dfe$=i`,g%d%$((g%d%#JXk)g%d%$((g%d%#Jle[XpjXe[ YXeb_fc`[Xpj)g%d%$('g%d%
Q 9i\^\eqËjcXe[dXib`j`kjDXik`ejklid%Fi`^`eXccpZfejkilZk\[XjX jkfi\#`knXjZfem\ik\[`ekfXnXkZ_kfn\i`eXifle[(-''%@kjYXifhl\# nff[\e$j_`e^c\fe`fe[fd\`jk_\cXi^\jk`e:\ekiXc\Y_Xi[jY\i^il`ej #Xcc k_Xk`jc\]kXi\k_\i\dX`ejf]k_\nXccj%G`Zkli\jhl\\ej\dYc\n`k_ `ee\iZflikpXi[Xe[Z_liZ_% Q Jk%>XccljgXi`j_Z_liZ_`e9i\^\eq%I\efmXk\[`ek_\(/k_Z\eklip XZZfi[`e^kfk_\gcXejf]k_\YXifhl\dXjk\iYl`c[\i=iXeq8ekfe 9\\i%8cfm\cp\oXdgc\f]CXb\:fejkXeZ\YXifhl\Xik% Q K_\Ifk\?Xlj`e;fieY`ie#k_\kfneËjcXe[dXib%K_\_flj\Æ[Xk`e^ YXZbkfk_\(.k_Z\eklipÆ`jfe\f]k_\cXjkYXifhl\I_`e\MXcc\p _flj\j`eMfiXicY\i^%K_\j\[Xpj#`k_flj\jXi\jkXliXekj\im`e^ kiX[`k`feXc]Xi\% Q K_\I\eX`jjXeZ\gXcXZ\`e?f_\e\dj(-k_Z\eklip nXjfeZ\k_\ i\j`[\eZ\f]k_\:flekjf]
NFC=LIK Jg`\cq\l^dlj\ld =\Xkli`e^[fccj#kfpj_fgj#\kZ% =i`$Jle)g%d%$-g%d%#^l`[\[kflij]fi^iflgjf]/fidfi\XkXepk`d\% B`iZ_jkiX\+, K"+*' -,'&,'''-/(#nnn%jg`\cq\l^dlj\ld$nfc]lik%Xk Dlj\ldjXkX^cXeZ\1nnn%mfiXicY\i^dlj\\e%Xk
=I8JK8EQ Lek\i\8leXkliXcjn`dd`e^gffc DXpkf\XicpJ\gk\dY\i1[X`cp0X%d%$/g%d%^ff[n\Xk_\ig\id`kk`e^ % K"+*' ,,))&,(,*+#nnn%]iXjkXeq%Xk&eXkliYX[
?F?<E
C8LK
CLJK<E8L GXibYX[ DXp(jkÆJ\gk%(*k_10X%d%$/g%d% K"+*' ,,..&/*(0'#nnn%k`jZfm\i%Xk&cljk\eXl
JLCQ =ilkqXlX[m\ekli\jn`dd`e^gffc <e[f]8gi`ckfAle\10X%d%$.g%d%#]ifdAlcp10X%d%$/g%d% K"+*' ,,))&++(0/#nnn%^\d\`e[\$jlcq%Xk
EXkliXcYXk_`e^jgfkj`ek_\I_`e\[\ckX%
?8I;
<@:?<E91M`\njf]CXb\:fejkXeZ\ K_\gXk_#/%(bd`ec\e^k_#c\Xm\jk_\ÈClkq\ei\lk\Égcfk`ek_\ [`i\Zk`fef]k_\G]e[\i%GXik`ZlcXicp`dgi\jj`m\Xi\k_\mXi`fljm`\nj XZifjjCXb\:fejkXeZ\#k_\]ffk_`ccjf]k_\8cgjXe[k_\dflekX`ejf]k_\ 9i\^\eq\inXc[%;`]]\i\eZ\`e_\`^_k1),'d#nXcb`e^k`d\1)%('_flij 9I<><EQ1Gifd\eX[\ÆN\`\ei\lk\$kfli K_\0%0bdiflk\jkXikj]ifdk_\gifd\eX[\e\okkfk_\_\id`kX^\ `eCfZ_Xl#Xe[kXb\jpfl`ek_\[`i\Zk`fef]k_\G]e[\i%@k]fccfnjk_\ Z`iZlcXi_`b`e^gXk_`ek_\[`i\Zk`fef]@j\cdflekX`eXe[Zfek`el\jfe Xj]XiXjk_\jkXk\c`YiXip%KXb\k_\ZpZc\$Xe[]ffkgXk_f]k_\]fid\i Nc[\iYX_ec`e\kfnXi[jkfk_\cXb\j`[\gXk_% ;`]]\i\eZ\`e_\`^_k1(,'d#nXcb`e^k`d\1(%+'_flij ;FIE9@IE19[\c\ 8kk_\kfgf]k_\gXjjf]k_\9[\c\#k_\+%,bdcfe^gXk_YiXeZ_\jf]] kfk_\c\]kXZifjjk_\>\`bfg]Xe[k_\Cfi\eXgXjjXj]XiXjk_\c\`jli\cp 9\iZ_kfc[j$?_\Y\kn\\e8cY\ijZ_n\e[\Xe[JZ_nXiq\eY\i^`ek_\ 9i\^\eq\inXc[%;`]]\i\eZ\`e_\`^_k1,'d#nXcb`e^k`d\1(%*'_flij ?F?<Ejkqc`Écffbflk gf`ek#Xe[i\kliekf?f_\e\djm`XXeX^i`ZlckliXcgXk_%;`]]\i\eZ\`e _\`^_k1)0'd#nXcb`e^k`d\1(%)'_flij
;fieY`ie1IXgg\ecfZ_$Xe[8cgcfZ_^fi^\j% CXk\iej1|Yc\^fi^\1X[m\ekliflj_`b\]fik_\jli\$]ffk\[%
Fc[dXjfeip
N`ek\iXe[Jgfikj JB@@E> D{>><EQ1G]e[\i )c`]kjXe[[\dXe[`e^jcfg\j[fnekf9i\^\eqfiCfZ_Xl% K"+*' ,,.+&+)(-'$'#nnn%g]X\e[\iYX_e%Xk 9L:?1JZ_e\`[\ibfg] )jb`kfnjXe[fe\dfm`e^nXcbnXp% K"+*' ,,.0&/)()#nnn%^\d\`e[\$YlZ_%Xk ;FIE9@IE19[\c\ =Xd`cp$]i`\e[cpjb``e^Xi\Xm\ipXjjli\[f]jefnXYfm\;fieY`ie#fek_\ nXpkfJZ_nXiq\eY\i^`ek_\9i\^\eq\inXc[%@k_XjX^ff[j\c\Zk`fef] ^\ekc\Xe[[\dXe[`e^g`jk\j%0c`]kj#fe\_Xc]g`g\#Xe[Xjb`jZ_ffc% K"+*' ,,.)&.)(+#nnn%Yf\[\c\%`e]f
K_\Ycfjjfd`e^^\d`eCXb\:fejkXeZ\% Lek`cDXi%(0k_0X%d%$,g%d%#DXi%)'k_ÆEfm(jk.X%d%lek`cjle[fne% K"+0' .,*(&*'*'#nnn%dX`eXl%[\
9`ieXlg`c^i`dX^\Z_liZ_;
JXc\d:Xjkc\; Fe\f]k_\\jj\ek`Xcj`^_kjfeCXb\:fejkXeZ\%K_\]fid\i:`jk\iZ`Xe dfeXjk\iple`k\j^fk_`Z[`^e`kpn`k_YXifhl\\c\^XeZ\% DXi%)/k_ÆEfm%(jk1Dfe$JXk0%*'X%d%$-g%d%#Jle[XpjXe[YXeb_fc`[Xpj ('%*'X%d%$-g%d%:cfj\[[li`e^k_\n`ek\idfek_j%>l`[\[kfliXe[ n`e\$kXjk`e^]fi^iflgjlgfegi`fiXiiXe^\d\ek% K"+0' .,,*&/(+*.#nnn%jXc\d%[\
JXc\ddfeb\pjXeZklXip; K_`j]fi\jkÆ)'_X`ej`q\Æ`j_fd\kffm\i)''9XiYXipXg\j% DXi%(,k_ÆFZk%)+k_10X%d%$-g%d%#FZk%),k_ÆEfm%(jk10X%d%$,g%d% ÔeXcX[d`jj`fe_Xc]Xe_fliY\]fi\Zcfj`e^k`d\ % K"+0' .,,*&*/(#nnn%X]]\eY\i^$jXc\d%[\
CXb\;n\cc`e^jLek\il_c[`e^\e; Fg\e$X`idlj\ldn`k_)*fi`^`eXci\ZfejkilZk`fejf]_flj\jfejk`ckj ]ifdk_\Jkfe\Xe[9ifeq\8^\jXifle[CXb\:fejkXeZ\+'''$/,'9: % FZk%1[X`cp0X%d%$,g%d%28gi`ckfJ\gk%1[X`cp0X%d%$.g%d%2DXi%Xe[Efm%1 JXk#Jle[XpjXe[YXeb_fc`[Xpj0X%d%$,g%d%2=\Y%1Jle('X%d%$+g%d%2 ^l`[\[kflijXccp\Xiifle[1Dfe$=i`((X%d%Xe[)%*'g%d% K"+0' .,,-&0)/0'$'#nnn%g]X_cYXlk\e%[\
;`\D\\ijYli^; D\[`\mXcZXjkc\%)/]lie`j_\[iffdjXi\fg\e]figlYc`Zm`\n`e^% DXiZ_kf\e[f]FZkfY\i10X%d%$-%*'g%d%#i\jkf]k_\p\Xi1('X%d%$-g%d% K"+0' .,*)&/''''#nnn%Yli^$d\\ijYli^%[\
IXm\ejYli^\iJg`\c\cXe[; 8dlj\d\ekk_\d\gXib]fi]Xd`c`\j%K_\cXi^\jkÈgcXpiffdÉ`ek_\nfic[ 8gi%+k_$FZk%(/k_1('X%d%$-g%d%fi.g%d% :_\Zbk_\n\Yj`k\]fik_\d\gXibZcfjli\% K"+0' .,+)&+''$'#nnn%jg`\c\cXe[%[\
D`e`dle[lj; /'df[\cjf]k_\cfm\c`\jkYl`c[`e^j`ek_\nfic[#XkXjZXc\f](1),% 8gi`c)0k_kfEfm%1N\[$Jle('X%d%$,g%d%#\oZ\gkAlcpXe[ 8l^ljk1[X`cp('X%d%$-g%d% K"+0' .,+)&0+--$'#nnn%d`e`dle[lj$Yf[\ej\\%[\
Q\gg\c`eDlj\ld=i`\[i`Z_j_X]\e; K_\`dgi\jj`m\nfic[f]q\gg\c`ej%Efm\dY\ikf8gi`c1Kl\$Jle('X%d%$, g%d%\oZ\gk:_i`jkdXjXe[E\nP\XiËj<m\ #DXpkfFZkfY\i1Kl\$Jle0 X%d%$,g%d%#AlcpkfJ\gk\dY\i1Xcjffg\efeDfe% K"+0' .,+(&*/'('#nnn%q\gg\c`e$dlj\ld%[\
J\X%C`]\:fejkXeZ\; M`j`kfijXZZfdgXepk_\I`m\iI_`e\]ifd`kjjfliZ\Xj]XiXjk_\j\X% 8nXk\iklee\c^f\jk_ifl^_k_\Y`fkfg\f]k_\I\[J\XYXj`e%
?{I9I8EQ EXkliXcYXk_`e^jgfkjfek_\j_fi\f]k_\cXb\%
9I<><EQ
CF:?8L
NXcce\i[i`m`e^jZ_ffc#CXb\:fejkXeZ\g\id`kj#{JMc`Z\ej\j# eXm`^Xk`feZflij\j% K"+*' ,,.+&.+,-'#nnn%nXcce\i%kf
9Xk_`e^Y\XZ_ DXp('k_ÆJ\gk%(*k_[X`cp('X%d%$.g%d% K"+*' ,,.+&+**/-
:P:C<G8K?J K_\ZcXjj`Z1Xifle[CXb\:fejkXeZ\)-'bd&()'bd
JZ_nXiqYX[ Cfe^\jk#]i\\YXk_`e^Y\XZ_n`k_^ff[`e]iXjkilZkli\Xkk_\_XiYfli%
?8I; ?Xi[jX`c`e^Xe[dfkfiYfXkjZ_ffc#CXb\:fejkXeZ\jb`gg\ig\id`k# 8c`Z\ej\#i\^XkkXkiX`e`e^#jX]\kpkiX`e`e^#jX`c`e^Zflij\j]fiZ_`c[i\e# Z_Xik\ij#jX`c`e^ki`gjXke`^_k% K"+*' ,,.+&.//+'#nnn%j\^\cjZ_lc\_Xi[%Xk
K_\cXi^\iflk\Xifle[k_\cXb\`j)-'\eafpXYc\b`cfd\ki\jcfe^% Fi()'bd`]pflZ_ffj\j_fikZlkjXe[Zfm\ijfd\f]k_\[`jkXeZ\YpYfXk%
EXkliXcYXk_`e^jgfkjXcfe^k_\j_fi\f]k_\cXb\%
9f[\ej\\ÆI_\`ekXcÆNXc^XlXggifo%.'bd
FG<E$8@IJN@DD@E>GFFCJ
>\i[Ëjjli]jZ_ffcK"+*' -00&(('+)/'/ Xe[ÈJli]DXoÉf]]\ijli$ Ôe^Zflij\j]fiY\^`ee\ijXe[X[mXeZ\[jli]\ij#Xe[i\ekflkjli]YfXi[j% K"+*' --+&)-*(/')#nnn%jli]dXo%Xk
;FIE9@IE
CF:?8L
:pZc\iflk\Xcfe^k_\I_`e\[Xd#j`^egfjk\[`eYfk_[`i\Zk`fej#n\cc jl`k\[kf]Xd`c`\j#`e[`m`[lXckflijZXeY\j_fik\e\[YpkXb`e^k_\kiX`e%
I_`e\[\ckXkfliXggifo%))bd =ifdk_\Cljk\eXl$?Z_jkYi`[^\fm\ik_\I_`e\#k_ifl^_k_\)#'''_X eXkli\i\j\im\Xj]XiXj?Xi[%8ck\ieXk`m\jkXik`e^gf`ekj1?Xi[$=ljjXZ_ Yi`[^\fm\ik_\I_`e\#>X`jjXl#?Z_jk%
K_ifl^_;fieY`ie]\ecXe[Xggifo%('bd C\`jli\cpjki\kZ_]ifd;fieY`iek_ifl^_k_\]\ecXe[Xj]XiXjÈAXee\ij\\É# XYXk_`e^cXb\%K_\i\klieaflie\pkXb\jpflk_ifl^_j_X[\[gXk_jXcfe^ k_\;fieY`ie\i8Z_\%
=\c[b`iZ_1=Xd`cpkfliXggifo%(,bd =ifdk_\kfneZ\ek\iXj]XiXj@ccjg`kqI_`e\ #Zfek`el\`ek_\[`i\Zk`fef] D\`e`e^\e#i\kliekfk_\Xik`ÔZ`XccXb\j#k_ifl^_Ikk\e\eXe[Ifk\8lkf >`j`e^\eXe[=\c[b`iZ_%
=\c[b`iZ_1Kflif]k_i\\Zfleki`\jXggifo%*,bd 8cfe^k_\I`m\i@cckfk_\I_`e\[XdXj]XiXjC`\Z_k\ejk\`e#Zfek`el\kfk_\
NXc[YX[<eq Flk[ffigffc#Z_`c[i\eËjgffc#jc`[\#gcXp^ifle[% <XicpDXpkf\XicpJ\gk\dY\i1[X`cp/%*'X%d%$.%*'g%d% K"+*' ,,.)&)'/,'#nnn%[fieY`ie%Xk
=`j`e^\e DXp(jkÆJ\gk%(*k_1[X`cp0X%d%$/g%d% `ii\jg\Zk`m\f]k_\n\Xk_\i#^lXiXek\\[Y\kn\\e+Xe[.g%d% # d`[Ale\kfd`[8l^ljk10X%d%$/g%d%#=i`Xe[JXk0X%d%$/%*'g%d% K"+*' ,,))&.)'0'#nnn%]\c[b`iZ_%Xk =\cj\eXlfg\e$X`ijn`dd`e^gffc DXp(jkÆJ\gk%(*k_1[X`cp0%X%d%$/g%d% `ii\jg\Zk`m\f]k_\n\Xk_\i#^lXiXek\\[N\[Y\kn\\e+Xe[0g%d% % K"+*' ,,))&.)))(#nnn%]\c[b`iZ_%Xk 9i\[\i`jXik`ÔZ`XccXb\
>FC= IXebn\`c^fc]Zflij\1k_\e\n(/$_fc\^fc]Zflij\`j[\j`^e\[XjXgXi-/ Zflij\%;i`m`e^iXe^\#g`kZ_`e^&Z_`gg`e^Xi\X#Xe[XcXi^\glkk`e^^i\\e% K"+*' --+&0)*.(''#nnn%^fc]ZclY$dfek]fik%Zfd 8cg\e^fc]9\i^]i`\[\e$CXk\iej1n`k_k_i\\^i\\ej#j`ok\\jXe[e`e\ _fc\j#k_\^fc]Zflij\_Xj\m\ipk_`e^pfle\\[]fiXe`e\$_fc\^Xd\% Gclj1nXk\ifYjkXZc\#Yleb\i#Xe[[i`m`e^iXe^\% K"+*' ,,)-&)*'#nnn%Xcg\e^fc]$Y\i^]i`\[\e%Xk
Jgfi\iPXZ_k`e^#kXjk\iZflij\j#YXj`ZZflij\j#n\\b\e[Zflij\j# CXb\:fejkXeZ\jb`gg\ig\id`k#{JMXe[;JMc`Z\ej\#8c`Z\ej\# ;JM$9IXe[9Bc`Z\ej\% K"+*' ,,.+&,))+.#nnn%jgfi\i$pXZ_k`e^%Zfd
:C@D9@E>
?@B@E>8E;EFI;@:N8CB@E>
IfZbZc`dY`e^ JXe[jkfe\&Zfe^cfd\iXk\fek_\Beq\c\Zcfj\kf9i\^\eq#c`d\jkfe\ `ek_\Cn\eq_e\XYfm\?f_\e\djfifek_\@ccZcfj\kf=\c[b`iZ_% Kflij&Zflij\j18cg`ejZ_lc\9\i^Xl]$9\i^XY K"+*' --+&,((0''*#nnn%Y\i^Xl]Y\i^XY%Zfd
=fccfnXepfe\f]k_\eld\iflj_`b`e^gXk_j\`k_\ifek_\ÕXkfilgkf k_\dflekX`ejn`k_Xm`\n%Fek_\Efi[`ZnXcb`e^kiX`cjÆXYflk-,`e kfkXcÆ\og\Zkkfd\\kcfZXcjXe[m`j`kfijXc`b\%?\i\Xi\[\jZi`gk`fejf] jfd\f]k_\gXik`ZlcXicpjZ\e`Ziflk\j% ?{I9I8EQ18ifle[9X[;`\qc`e^j =ifdk_\;`\qc`e^j`ee#k_\kiX`ckXb\jpflfeXZ`iZlcXigXk_.bd`e c\e^k_#XZifjjk_\C\`YcXZ_#k_\i`m\iYfi[\i`e^>\idXep#k_ifl^_ ]fi\jkjXe[Ô\c[j#Xe[gXjk]Xid_flj\j% ;`]]\i\eZ\`e_\`^_k10'd#nXcb`e^k`d\1Xggifo%(%+'_flij
K_\I_`e\MXcc\p_XjXdlck`kl[\f]cXi^\Xe[jdXccZc`dY`e^gXibj kfZ_ffj\]ifd%K_\dfjkgfglcXiZfm\i\[kiX`e`e^k\iiX`e`jk_\ B(Zc`dY`e^_Xcc`e;fieY`ie%
@Z\i`ebfek_\dXib\kjhlXi\[li`e^k_\:_i`jkdXjdXib\k ;\Z\dY\i)g%d%$('g%d%
@e[ffiZc`dY`e^ B(Zc`dY`e^_Xcc#;fieY`ie1*#'''d)f]Zc`dY`e^jli]XZ\#fg\e[X`cp% 9`c[^Xjj\('#-/,';fieY`ie K"+*' ,,.)&*0+/('#nnn%b($[fieY`ie%Xk Lj\Xkpflifnei`jb K_\9f[\ej\\$MfiXicY\i^Kfli`jd9fXi[[f\jefkXZZ\gkXepc`XY`c`kp%
|9icc\ibfg] )c`]kj#e`^_k$k`d\jb``e^Kl\$JXk.g%d%$('g%d% K"+*' ,,))&+(*((#nnn%l\Y\ijXo\e%Xk
?F?<E
:IFJJ$:FLEKIPJB@@E>8E;N@EK>>; :ifjj$ZflekipZflij\),bd % K"+*' ,,.*&/*/(+#nnn%df\^^\ij%Xk 9I<><EQ1G]e[\i :ifjj$ZflekipZflij\Xggifo%.bd Xe[n`ek\i_`b`e^gXk_j% K"+*' ,,.+&+)(-'$'#nnn%g]X\e[\iYX_e%Xk
E\ljZ_nXejk\`e:Xjkc\; IfdXek`ZZXjkc\n`k_klii\kj%9l`ck`ek_\(0k_Z\eklipYpB`e^Cl[n`^@@% K"+0' /*-)&0*0//$'#nnn%e\ljZ_nXejk\`e%[\
@eejYilZb Fcpdg`Zkfnen`k_Xe/''$p\Xi$fc[_`jkfip% Le`m\ij`kp#Zfe^i\jjXe[j_fgg`e^kfne% K"+*' ,()&,0/,'#nnn%`eejYilZb%`e]f
@EMFI8IC9 MfiXicY\i^Zflekjj`o_fc`[Xpi\^`fejnfik_[`jZfm\i`e^% @eX[[`k`fekfk_\9f[\ej\\$MfiXicY\i^i\^`fe#k_\pXi\1 C\Z_$QijXd8icY\i^#n\cc$befnejb``e^Xi\Xj`ek_\n`ek\i#cfm\cp jgfkj]fi_`b\ijXe[eXkli\$cfm\ij`ek_\jldd\i% 8cg\ei\^`fe9cl[\eqn`k_9cl[\eqkfne`ek_\d`[[c\#Xe[k_i\\ mXcc\pj1Bcfjk\ikXc#NXc^Xl#9iXe[e\ikXc%Gclj1>if\jNXcj\ikXc Y`fjg_\i\gXib% 9i\^\eq\inXc[#]Xd\[]fi`kj\oZ\cc\ekZ_\\j\#k_\[\c`Z`fljjkXk`fej Xcfe^k_\Bj\JkiXjj\Xe[k_\n\cc$Zffi[`eXk\[ZlckliXcgif^iXdj% Bc\`enXcj\ikXcn`k_k_\XkkiXZk`m\cp[\j`^e\[dflekX`e\o_`Y`k`feXe[ jZ\e`Zjldd`kjn_\i\ZXYc\ZXijkXb\pfllgkfk_\kfg% DfekX]fe#jliifle[\[Ypk_\`dgi\jj`m\J`cmi\kkXXe[Ik`bfedflekX`e iXe^\j#n`k_k_\gfglcXi[\jk`eXk`fef]k_\J`cmi\kkX$?fZ_Xcg\ejkiX\%
9fXkjfeCXb\:fejkXeZ\ N_`k\CXb\:fejkXeZ\Õ\\k 8n`[\j\c\Zk`fef]jZ_\[lc\[ki`gjkfk_\cfm\c`\jk[\jk`eXk`fejCXb\ :fejkXeZ\_Xjkff]]\i#`eZcl[`e^kfk_\`jcXe[f]DX`eXlXe[k_\ Q\gg\c`eDlj\ld`e=i`\[i`Z_j_X]\e%Gclj1ki`gj`eZcl[`e^k_\k_i\\$ ZflekipgXefiXdXki`g#i\klieaflie\p`eZcl[`e^YileZ_#\m\e`e^ki`g `eZcl[`e^99HYl]]\k#Xe[[XeZ\ki`gj\kZ% K"+*' ,,.+&+)/-/#nnn%mfiXicY\i^$c`e\j%Xk
?f_\ekn`\cgX[[c\jk\Xd\i ?`jkfi`ZXcgX[[c\jk\Xd\i%=ifdDXpkf\XicpFZkfY\i1^flid\k$#cleZ_$# gXefiXdX$#;`o`\$Xe[c`k\iXkli\$ki`gj%K_\=\jk`mXcki`gj#Zfdgi`j`e^ Xe\oZclj`m\d\XcfeYfXi[]fccfn\[YpXg\i]fidXeZ\fek_\cXb\#Xi\ gXik`ZlcXicpgfglcXi% K"+*' ,,.*&/*0/*((#nnn%_f_\ekn`\c%Zfd
9fXk_`i\ 9i\^\eq1?Xi[p=\l\ijk\`eYfXk_`i\#gifd\eX[\e\okkfk_\^fe[fcX _XiYfli#i\ekXcf]g\[Xc$#ifn`e^$Xe[\c\Zki`Z$YfXkj#cXb\kXo`#Xe[ jg\\[YfXkki`gj# K"+*' ,,.+&-..-..#K"+*' -,'&-,+''()#nnn%j\\kXo`%Xk ?Xi[1>\i[YfXk_`i\#e\okkfk_\YXk_`e^Y\XZ_#i\ekXcf]g\[XcXe[ \c\Zki`ZYfXkj#K"+*' -00&(('+)/'/ ?Xi[jX`c`e^Xe[dfkfiYfXkjZ_ffc#K_fdXj>Xie`kjZ_e`^#i\ekXcf] jX`c`e^YfXk#K"+*' ,,.+&.//+'#nnn%j\^\cjZ_lc\_Xi[%Xk CfZ_Xl1Jgfi\iPXZ_k`e^#i\ekXcf]jX`c`e^Xe[dfkfiYfXkj# K"+*' ,,.+&,))+.#nnn%jgfi\i$pXZ_k`e^%Zfd
Q\gg\c`e=c`^_kj
9XccffeI`[\j 8]XekXjk`Z\og\i`\eZ\=ifd;fieY`ie#XZifjjCXb\:fejkXeZ\9i\^\eq YXp#C`e[Xl `ekf8cc^l#kfk_\9i\^\eq\inXc[Xj]XiXj8gg\eq\cc% 8gi`ckfJ\gk\dY\i[\g\e[`e^fek_\n\Xk_\i %=ifd`)('g\ig\ijfe% K"+*' ,,)*&,(()(#nnn%YXccffe`e^%Xk
K_\i\[`jZfm\ipf]XZfd]fikXYc\#\c\^Xek]fidf]kiXm\c% =ifd=i`\[i`Z_j_X]\eXZifjjCXb\:fejkXeZ\%Lgkf()g\fgc\% =ifd`)''g\ig\ijfe% K"+0' .,+(&,0'''#nnn%q\gg\c`eÕl^%[\
8iZ_`k\Zkli\ @ec`e\n`k_k_\n_fc\f]MfiXicY\i^#k_\i\^`fefek_\8ljki`Xe j`[\f]CXb\:fejkXeZ\_Xj[\m\cfg\[`ekfX
J_fgg`e^ K_\i\Xi\Xdlck`kl[\f]^ff[j_fgj#\jg\Z`Xccp`ek_\kfnej% =Xj_`feXYc\Zcfk_`e^#jdXikj_f\j#j\[lZk`m\le[\in\Xi# mXi`fljXZZ\jjfi`\jXe[i\^`feXc[\c`ZXZ`\jÆn\cc$jkfZb\[ j_fgj_Xm\`kXcc%N_XkdXb\j`kjfgc\XjXek6K_\j_fgg`e^ Xkdfjg_\i\`jdlZ_dfi\i\cXo\[k_Xe`eXYljpZ`kp%K_\ cXi^\jkj_fgg`e^Z\ek\i`jk_\ÈD\jj\gXibÉfek_\flkjb`ikj f];fieY`ie%K_\]XZkfipflkc\kjkfi\jf]k\ok`c\dXel]XZkli\ij \eafp^i\XkgfglcXi`kp% 8jXilc\#]ff[j_fgjXi\fg\eY\kn\\e/X%d%Xe[.g%d% Dfe$=i` #Xe[Y\kn\\e/X%d%Xe[,g%d%JXk %Fk_\ij_fgj Xcjfk\e[kffg\eXk0X%d%Dfe$=i` Xe[Xi\Xcjffg\elek`c ,g%d%feJXkli[Xpj%
I8EBN<@C >XjkiXXik`ÔZ`Xc`Z\i`eb#K"+*' ,,))&+*-''
=
@E;FFIJN@DD@E>GFFCJ 9I<><EQ J\\_Xcc\eYX[kiX`e`e^gffc#efe$jn`dd\ijËgffc#b`[jËXi\X Kl\$=i`0X%d%$0g%d%#JXk0X%d%$.g%d%#Jle[XpjXe[YXeb_fc`[Xpj ('X%d%$-g%d% K"+*' ,,.+&++)+)$'*#nnn%jkX[kn\ib\$Yi\^\eq%Xk M`kXc`ldjXleX#jk\XdYXk_#jXeXi`ld#jfcXi`ld#n_`icgffc#dXjjX^\ Kl\$K_l)g%d%$('g%d%#=i`()g%d%$('g%d%#JXk0X%d%$/g%d%# Jle[XpjXe[YXeb_fc`[Xpj('X%d%$.g%d% K"+*' ,,.+&++)+)$,(#nnn%m`kXc`ld%Xk
;FIE9@IE =I8JK8EQ19XqfiXjb`c`]k (c`]k% K"+*' --+&.0.*-,0f[\i-,,*)((#nnn%]iXjkXeq%Xk&YXqfiX
K_\kfnefeCXb\Qli`Z_`jXgfglcXij_fgg`e^[\jk`eXk`fe% @k_XjdXepdlj\ldj#\o_`Y`k`fej#k_\Xki\j% K"+(' ++&)(,+'''#nnn%ql\i`Z_%Zfd
@Z\i`ebe\okkfJgXibXjj\e$GcXkq;\Z\dY\ikf=\YilXip
@e[ffi`Z\i`ebXk;fieY`ie\iD\jj\>dY?#K"+*' ,,.)&*',$*.,
QN@J:?<EN8JJ
8gi%(jkÆEfm%)e[1Kl\$Jle0X%d%$()g%d%Xe[(g%d%$-g%d%# ]ifd;\Z%,k_1=i`$Jle('X%d%$()g%d%Xe[(g%d%$,g%d% N`ek\i_fc`[Xpj1fg\eXcc[Xp%I\klieki`g#X[lckj1`.%,' K"+*' ,,)+&,(-(#nnn%jZ_e`Ôj%Xk
Qli`Z_:?
8ik`ÔZ`Xc`Z\i`ebe\okkfk_\:Xj`efjkX[`ld#K"+*' ,,.+&+('$(.0'
8i\eX?Z_jk\iJkiX\#K"+*' ,,.)&)++''
C8K
JZ_e`]e\iZXYc\ZXi
@dgi\jj`m\Zflekipj`[\%Dlj\ldf]=fcbcfi\#
9I<><EQ
;FIE9@IE
?F?<E
J8@C@E>8E;DFKFI9F8KJ:?FFCJ
;fieY`ieBXii\eZXYc\ZXi GXefiXdXi\jkXliXekn`k_m`\n`e^k\iiXZ\% Jle$K_l0X%d%$((g%d%#=i`Xe[JXk0X%d%$()X%d% ]ifd('X%d%`en`ek\i %I\klieki`g#X[lckj1`0%*' K"+*' ,,.)&))(+'#nnn%bXii\e%Xk
@:<JB8K@E>
I_\`e_Xcc\#K"+*' ,,..&/)(*+
EXkliXcYXk_`e^jgfkj`ek_\I_`e\[\ckX%
Fg\iXk\j[X`cpY\kn\\e/X%d%Xe[.g%d%Flkf]fg\iXk`feY\kn\\e Efm%0k_$)'k_#9`i[jf]Gi\pJ_fn1DXp(jk$FZk%+k_#[X`cpXk((X%d%Xe[ )%*'g%d%I\klieki`g#X[lckj1`('%-' K"+*' ,,.+&+)(-'$'#nnn%g]X\e[\iYX_e%Xk
8gg\eq\cc\icXe[:?
|9
CLJK<E8L
?{:?JK
G]e[\iYX_e9i\^\eq
K_\ZXjkc\f]]\ijdX^e`ÔZ\ekm`\njXZifjjk_\kfne# k_\I_`e\MXcc\pXe[k_\Zcfj\$YpJn`jjdflekX`ej% K"+)*&)*0-*''#nnn%kfli`jdlj%c`
Gi`eZ`gXc`kpn`k_MX[lq=C
=I8O
JgfikjXe[C\`jli\=XZ`c`k`\j#J\\jkiX\-'#K"+*' ,,.+&/*-/)
;FIE9@IE$<9E@K1?\ldj\ic`]kj )c`]kj% K"+*' ,,.-&.+*/-#nnn%k`jZfm\i%Xk&[fieY`ie
:fek\dgfiXipXikXe[nfibj]ifdk_\Zfcc\Zk`feYpk_\Gi`eZ\ f]C`\Z_k\ejk\`e%Kl\$Jle('X%d%$,g%d%#K_l('X%d%$/g%d% \oZ\gk:_i`jkdXj#E\nP\XiËj<m\Xe[E\nP\XiËj;Xp % K"+)*&)*,'*''#nnn%blejkdlj\ld%c`
;FIE9@IE19[\c\Xe[BXii\e :ifjj$ZflekipZflij\Xggifo%0bd Xe[n`ek\i_`b`e^gXk_j% K"+*' ,,.)&))(//#nnn%Yf\[\c\%`e]ff[\innn%bXii\e%Xk
EXkliXcYXk_`e^jgfkj`ek_\I_`e\[\ckX% El[`jkYXk_`e^Xi\X 8ggifo%,_X`ej`q\#n`k_Z_Xe^`e^ZlY`Zc\j#i\jkXliXek#gcXp^ifle[% 8gi`c#DXpXe[J\gk\dY\i10X%d%$.g%d%#Ale\kf8l^ljk1/X%d%$/g%d% K"+*' ,,./&.,,-)#nnn%_Xi[$jgfik$]i\`q\`k%Xk
:XYc\:Xij
Blejkdlj\ldC`\Z_k\ejk\`e=C
9@C;JK<@E :ifjj$ZflekipZflij\Xggifo%)bd % K"+*' ,,.)&,/*/+#nnn%k`jZfm\i%Xk&Y`c[jk\`e
?8I;
=
9Xk_`e^Y\XZ_ 8[m\ekli\gffcn`k_flkj`[\gffc#jc`[\j#gcXp^ifle[#Y\XZ_mfcc\pYXcc g`kZ_\kZ%#fe\f]k_\cXi^\jkYXk_`e^Y\XZ_\jfeCXb\:fejkXeZ\% >ff[n\Xk_\ig\id`kk`e^10X%d%$/g%d%#cfnj\Xjfe1('X%d%$-g%d% K"+*' ,,.+&.)+.(#nnn%_Xi[%Xk
Jk%>Xcc\e:?
@EK?<E<@>?9FLI@E>:FLEKI@<J
I{K?@J JZ_d`\[\dlj\ld
?`jkfi`ZXc]Xid_flj\#jk`ccdXeX^\[% Fg\elgfegi`fiXiiXe^\d\ek% C`eq\eY\i^()0 K"+*' ,,.)&,/,'.#=Xd%Jk\li\ifi K"+*' ,,.)&,/((,#cfZXcXlk_fi`kp
C`e[Xl;
9l`ckYpMfiXicY\i^dXjk\iYl`c[\iG\k\iK_ldYY\kn\\e(.+-Xe[(.+0 ]fik_\JXc\d:`jk\iZ`XedfeXjk\ip`ek_\ifZfZfjkpc\#`k\eafpjXcfm\cp cfZXk`fefe_`^_^ifle[fek_\j_fi\f]CXb\:fejkXeZ\%Fg\e[X`cp1 0X%d%$,%*'g%d%\oZ\gk[li`e^dXjj 2]i\\^l`[\[kflij]ifdDXpkfd`[ J\gk\dY\i1K_lij[Xpj#*g%d%>iflgjlgfegi`fiXiiXe^\d\ek]fiX]\\ % K"+0' .,,-&0)'*'#nnn%Yf[\ej\\$kfg$j`k\j%[\&Y`ieXl%_kdc
>fi^\j
J:?N8IQ8:? ?\`dXkdlj\ldC`eq\eY\i^
BXikkiXZbd\\k`e^ÆilepfliiXZ\
@ek\i\jk`e^`e]fidXk`feXYflkk_\c`]\f]XZffg\i% M`\n`e^lgfegi`fiXiiXe^\d\ek% JZ_cfjj\i$8ddXee$?Xlj#;i%$>i`$JkiX\, K"+*' ,,))&+',$(',#nnn%iXebn\`c%Xk
Fc[jd`k_pXe[_`jkfi`ZXckffcj%Dfe$=i`/X%d%$()g%d%#(%*'g%d%$,g%d% B`\Y\id\kXcnfibj_fg#9X[jkiX\/ K"+*' ,,))&++-,,#nnn%b`\Y\i%Xk
M`j`kk_\n`e\^ifn\ijf]CXb\:fejkXeZ\YpZfXZ_%KXjk\k_\n`e\#`e[lc^\ `ejfd\j_fgkXcb#Xe[^\kkfbefnk_\n`e\$^ifn`e^\jkXk\j%@eZcl[\jcleZ_% K"+0' .,.-&0-(+-0#nnn%n\`e]X_ik%Zfd
Cfm\cpfc[kfne%@dgi\jj`m\YXifhl\ZXk_\[iXcXe[Zfcc\^`Xk\c`YiXip LE<J:FNfic[:lckliXc?\i`kX^\j`k\ % K"+(' .(&)).*.*.#nnn%jk%^Xcc\e$Yf[\ej\\%Z_
9i\^\eq&CfZ_Xl1G]e[\iXcg`e\^Xd\gXibe\okkfk_\G]e[\iYX_e dflekX`ejkXk`fe#nff[cXe[eXkli\kiX`c%Fg\eXccp\Xiifle[% =i\\X[d`jj`fe%nnn%g]X\e[\iYX_e%Xk =\c[b`iZ_18i[\ekq\eY\i^^Xd\gXib#Xggifo%('_X#XYfm\k_\kfne Z\ek\i#nff[cXe[eXkli\kiX`c%Fg\eXccp\Xiifle[%=i\\X[d`jj`fe% nnn%n`c[gXib%]\c[b`iZ_%fi^ Nfc]lik1;fgg\cdXpiQff#jdXccgi`mXk\qff%=i\\X[d`jj`fe%
Kl\)g%d%$,g%d% CXe[jkiX\)* K"+*' ,,.+&+,-+*#Di%Jg\Zb_f]\i
N`e\kflijfeCXb\:fejkXeZ\
K_\I_`e\=Xccj:?
=cfn\i`jcXe[f]DX`eXl;
Qffj
CF:?8L :fcc\Zk`fe_flj\[`ek_\fc[jZ_ffcYl`c[`e^# i\cXk\jk_\_`jkfipf]k_\m`ccX^\
8IFLE;C8B<:FEJK8E:<
AlcpkfJ\g%.k_1[X`cp('X%d%$.g%d%!#DXpkfAle\Xjn\ccXj]ifdJ\gk% /k_Xe[`eFZkfY\i1[X`cp('X%d%$-g%d%!#Efm\dY\ikf8gi`c1[X`cp(' X%d%$,g%d%!#JXkli[Xpj#Jle[XpjXe[YXeb_fc`[Xpj&jZ_ffc_fc`[Xpj `e9X[\e$Nikk\dY\i^1('X%d%$-g%d%! #Zcfj\[fe;\Z%)+k_ !=`eXcX[d`jj`fefe\_fliY\]fi\Zcfj`e^k`d\% K"+0' .,*(&()/).'#nnn%j\Xc`]\\lifg\%Zfd
C`e[XlËjfc[kfne`jj`klXk\[feXe`jcXe[%Cfm\cpgifd\eX[\#jkpc`j_cp i\efmXk\[kfne_flj\j#cfm\cpj_fgg`e^gi\Z`eZkj% K"+0' /*/)&)-''*'#nnn%c`e[Xl$kfli`jdlj%[\
9i\^\eq&CfZ_Xl1\X^c\fYj\imXk`fegf`eke\okkfk_\dflekX`e jkXk`fef]k_\G]e[\iYX_e% DXp(jkÆFZk%+k_1j_fnjXk((X%d%Xe[)%*'g%d% K"+*' ,,.+&+)(-'$'#nnn%g]X\e[\iYX_e%Xk
Gi`mXk\XikZfcc\Zk`fe#nfibj]ifdMfiXicY\i^Xik`jkj j`eZ\k_\(.k_Z\eklip% N\[$JXk((X%d%$,g%d%#=i`((X%d%$/g%d% B`iZ_^Xjj\(+ K"+*' ,,.+&.)0)*#nnn%if_e\i_Xlj%Xk
JZ_Xkk\eYli^`e=\c[b`iZ_nXjk_\j\Xkf]k_\:flekjf]Dfek]fik% Q K_\d\[`\mXckfne\ej\dYc\`e=\c[b`iZ_`dgi\jj\jn`k_`kjZfm\i\[ nXcbnXpj#kfn\ijXe[]fik`Ô\[nXccj% Q K_\:flekjf]Dfek]fikXcjf_X[Xi\j`[\eZ\`eJZ_c`ej1kf[XpËj AX^[Y\i^il`ej#n_`Z__fjkjjldd\ik`d\fg\e$X`i\m\ekj%
K_\jcfg`e^c`]kkXb\jpfllg`ek_\kfYf^^Xe#Xe[k_\epflkfYf^^Xe pflinXpYXZb`ekfk_\mXcc\p%>i\Xk]le% N\\b\e[fg\e`e^k`d\j1DXp0k_ÆAle\(+k_Xe[FZk%('k_Æ)-k_# `eY\kn\\eg\Xbj\Xjfe Dfe$Jle('X%d%$-g%d% K"+*' ,,)-&),)#nnn%cXk\iej%e\k
CXk\iejjldd\ikfYf^^Xeile
;fieY`ie1X[m\ekli\gcXp^ifle[]fiX[lckjXe[Z_`c[i\eXc`b\% Lgfegi`fiXiiXe^\d\ekn`k_;fieY`ieJkX[kdXib\k`e^% K"+*' ,,.)&*/--''#nnn%\Ye`k%Xk
?`jkfi`ZXckfYXZZflk\ej`cj1jldd\ik`d\$kfYXZZfgcXekj`ek_\gXib% J^\egcXkq(cfZXcXlk_fi`kp K"+*' ,,))&,(,*+'#nnn%]iXjkXeq%Xk&kXYXbXljjk\ccle^
Flk[ffigffc#Z_`c[i\eËjgffc#jc`[\#gcXp^ifle[#Y\XZ_mfcc\pYXcc% <XicpDXpkf\XicpJ\gk\dY\i1[X`cp0%''X%d%$/g%d% ^ff[n\Xk_\ig\id`kk`e^ % K"+*' ,,.+&++)+)#nnn%jkX[kn\ib\$Yi\^\eq%Xk
8cffbY\_`e[k_\jZ\e\j
9`i[jf]Gi\pJ_fn
KXYXbXljjk\ccle^
9I<><EQ 9Xk_`e^Y\XZ_
@EK?<I<>@FE
C8LK
:ljkfd\i`e]fidXk`fef]ÔZ\]fiÈYljYX_eÉ Dfe$=i`-%*'X%d%$.g%d%#JXk/X%d%$()g%d% KiX`eJkXk`fe#-/,';fieY`ie K"+*' ,,.)&*)*''/(#nnn%Yljf]ÔZ\%Xk&cXe[Ylj
IXlZ_ËjIX[`fDlj\ld
Flk`e^j
JdXccgi`mXk\Zffg\iX^\Zfcc\Zk`fe%M`\n`e^lgfei\hl\jk% Lek\inXc[jkiX\* K"+*' ,,)-&*/(#Di%E\j\ejf_e
Dlj\ldXYflk\c\Zkifk\Z_e`Zj#k_\jkXk\Ôi\Yi`^X[\Xe[ XdYlcXeZ\j\im`Z\j%N\[,g%d%$/g%d% FY\i\Ce[\*Y K"+*' --+&)((/000#nnn%dlj\ldjn\ck%Zfd
98K?@E>FE8E;8IFLE;C8B<:FEJK8E:<
8gi%kfAle\#J\gk%10X%d%$-g%d%#Alcpkf8l^%1/X%d%$0g%d% J\\gifd\eX[\#-0''9i\^\eq K"+*' -,'&,+(*'''#nnn%i\ekXY`b\$Yi\^\eq%Xk
C8K
=I8JK8EQ MfiXicY\i^\iDlj\ldjn\ck
Jn`jjYXebf]k_\I`m\iI_`e\#klief]]kfN\i[\eY\i^#Zfek`el\Xj]XiXj MX[lq%I\kliem`XJZ_XXe\ii`\k%
9`ZpZc\_`i\Xe[ifX[j`[\Xjj`jkXeZ\
Gi`mXk\Zfcc\Zk`fef]Iljj`XeXmXek$^Xi[\nfibj%K_l+g%d%$/g%d% Xe[lgfegi`fiXiiXe^\d\ek%:cfj\[1DXp)(jkXe[Ale\((k_ JZ_n\]\cYX[jkiX\) K"+*' ,,.-&0'+''#nnn%fkk\eblejkiXld%Xk
8ggifo%.'iX[`fi\Z\`m\ij]ifdk_\\Xicp[Xpjf]iX[`f% @ek_\fc[kfne#i`^_kY\cfnk_\JZ_Xkk\eYli^% E\ljkX[k+* K"+*' ,,))&.).*,
:P:C@E> @edXepkfnej`eMfiXicY\i^#k_\cfZXcjgfikjj_fg`jk_\ljlXc gcXZ\]fi_`i`e^Y`b\j%
Fkk\eBlejkiXld
JËIX[`fdlj\ld>fXjq`gÕ
Jldd\iXe[Jgfikj 9@:P:C<?@I<
Fg\e$X`id`ccdlj\ld1)'''p\Xijf]d`cc`e^k\Z_efcf^p% 8gi%),k_ÆFZk%*(jk[X`cp0X%d%$-g%d% J^\ijkiX\(( K"+*' ,,.-&.)+*+#nnn%dlj\ld$jkf]]\cj$jX\^\$dl\_c\%Xk
=ifd_Xe[`ZiX]kk_ifl^_kfd\Z_Xe`ZXc\dYif`[\ip% K_lXe[=i`*g%d%$.g%d%#^iflgjlgfei\hl\jk% Gfek\ejkiX\)' K"+*' ,,))&*',$))(#Di%JkXl[XZ_\i
:_i`jkYXldjZ_dlZbDlj\ld
JZ_kq\ejZ_\`Y\edlj\ld ;FIE9@IE `eXkliX
Jkf]]\cjJ^\$D_c\
Jk`Zb\i\`dlj\ld
[XjjkX[kYX[kiX`e`e^gffc#dlck`$gligfj\gffc#efe$jn`dd\ijËgffc# gXi\ek$Xe[$Z_`c[Xi\X#jXleX#jk\XdYXk_#Xe[jXeXi`ld Kl\$JXk0X%d%$ 0g%d%#Jle[XpjXe[YXeb_fc`[Xpj0X%d%$,g%d%JXleX1Dfe,g%d%$('g%d% cX[`\j#Kl\$=i`)g%d%$('g%d%K_l1cX[`\j #=i`)g%d%$-g%d%1^\ekj#JXk0X%d%$ ('g%d%#Jle[XpjXe[YXeb_fc`[Xpj0X%d%$-g%d% K"+*' ,,.)&))-/.#nnn%[XjjkX[kYX[%Xk
8;M<EKLI<GFFCJ @EK?<M@:@E@KP C@D8I<]leXe[m`kXc`kpgffc#C`e[Xl; K"+0' /*/)&.'+(*'#nnn%c`dXi\%[\ 8hlXi`XX[m\ekli\gffc#FY\ijkXl]\e; K"+0' /*/-&0*(*$'#nnn%XhlXi`X%[\ Jek`jgXib]leXe[YXk_`e^cXe[jZXg\#8Ykn`c:? K"+(' .(&*(*(,('#nnn%jX\ek`jgXib%Z_
D\jj\gXib;fieY`ie Dfe$K_l0X%d%$.%*'g%d% =i`0X%d%$0g%d% JXk/%*'X%d%$-g%d% D\jj\jkiX\($)#-/,';fieY`ie K"+*' ,,.)&)0*/'$' nnn%d\jj\gXib%Xk
=8:KFIPFLKCdY?Æ =XZkfipFlkc\k:\ek\i Dfe$=i`0X%d%$-g%d% JXk0X%d%$(g%d% DXiblj$J`kk`blj$JkiX\)' -/+,?f_\e\dj K"+*' ,,.-&0'*'' nnn%YX\ldc\i%Zfd
DXibkjkiX\+#-/,';fieY`ie K"+*' ,,.)&)('(-.
IXebn\`cYiXeZ_ Dfe$=i`0X%d%$.g%d% JXk0X%d%$,g%d% CXe^^Xjj\((/#-/*'IXebn\`c K"+*' ,,))&.-*.'
=%D%?dd\ic\C[\c\Æ ]XZkfipflkc\k Dfe$=i`0X%d%$()g%d% )g%d%$-g%d%#JXk0X%d%$(g%d% <`j\e^Xjj\++#-/,';fieY`ie K"+*' ,,.)&*00*-* nnn%]d$_X\dd\ic\%Zfd
>\kqe\iK\ok`c\jJ_fg 9_c\iAfj\]>dY? :likX`e]XZkfip Dfe$=i`/X%d%$()g%d%# (g%d%$-g%d%#JXk0X%d%$()g%d% ;fieY`ie\ijkiX\/#-0))Nfc]lik K"+*' ,,.+&.(**.
Dfe$=i`0X%d%$()g%d%# )g%d%$-g%d%#JXk0X%d%$(g%d% ?\`d^XikjkiX\*#-0.(?Xi[ K"+*' ,,.+&-*'0, nnn%^\kqe\i%Xk
@D=l\e\^^\iK\ok`c\j
Jb`eÔk
Dfe$=i`0X%d%$-g%d% JXk0X%d%$(g%d% NXcc\edX_[)*#-/,';fieY`ie K"+*' ,,.)&*''Æ' nnn%]ljj\e\^^\i%Zfd
Dfe$=i`0X%d%$()g%d%# )g%d%$-g%d%#JXk0X%d%$(g%d% ;`\Jg`ee\i\`(+$(-#9\ki`\Yj$ ^\Y`\kJ[#-/+,?f_\e\dj K"+*' ,,.-&.-0)' nnn%jb`eÔk%\l
DXipIfj\Flkc\k ?\`dk\ok`c`\e>dY?
ki\e[]Xj_`fek\ok`c>dY?
Dfe$=i`0X%d%$-g%d% JXk0X%d%$+g%d% JZ_`cc\ijkiX\+#-/,';fieY`ie K"+*' ,,.)&)-/,/ nnn%dXip$ifj\%Xk
Flk[ffi$#jgfikj$Xe[c\`jli\n\Xi Kl\$K_l)g%d%$-g%d% =i`0X%d%$()g%d%#)g%d%$-g%d% CXe^\^Xjj\*(#-/,';fieY`ie K"+*' ,,.)&*0+,-)
DXj\cc`Jki`Zbdf[\>dY?
Nfc]]J_fg
Dfe$N\[0X%d%$()g%d% )g%d%$,g%d%Jldd\i_fc`[Xp1 Alcp#8l^ljkXe[J\gk\dY\i% N`ek\i_fc`[Xp1d`[;\Z\dY\i kfd`[DXiZ_ JXe[^Xjj\(*#-/,';fieY`ie K"+*' ,,.)&)+(/* nnn%dXj\cc`%Xk
Dfe$=i`0X%d%$-g%d% JXk0X%d%$+g%d% ?\`d^XikjkiX\*X#-0.(?Xi[ K"+*' ,,.+&-./().+ nnn%nfc]]j_fg%Xk
?f]\i_\Z_kdY? I\[lZ\[YiXe[$eXd\]Xj_`fe Dfe$=i`0X%d%$-g%d% JXk0X%d%$+g%d% 8cc^ljkiX\+*$+. -0()?iYiXeq K"+*' ,,.*&/)*,( nnn%]XZfeX%Zfd
;fieY`ieYiXeZ_ Dfe$=i`0X%d%$-g%d% JXk0X%d%$+g%d%
Dfe$=i`)g%d%$,g%d% I\`Z_jjkiX\-/#-/0'Cljk\eXl K"+*' ,,..&/),),$' nnn%_f_%Xk
?lY\iJ_fg=XZkfipFlkc\k 9i\^\eqYiXeZ_ Dfe$=i`0X%d%$-%*'g%d% JXk0X%d%$()%*'g%d% D\_i\iXl\ijkiX\*$, -0''9i\^\eq K"+*' ,,.+&,).++ nnn%_lY\ij_fg%Zfd
D\kqc\iB`e[\idf[\e>dY? Dfe$=i`0X%d%$()g%d%# )g%d%$,g%d% <`^\e_\`d-#-/,';fieY`ie K"+*' ,,.)&)*/0,$' nnn%d\kqc\i$b`e[\idf[\e%Xk
f[cf$j_fg#YiXe[$eXd\Z\ek\i Dfe$=i`0X%d%$()g%d%# )g%d%$-g%d%#JXk0X%d%$()g%d% B\_c\ijkiX\*'#-/,';fieY`ie K"+*' ,,.)&)'/''* nnn%f[cf$j_fg%Xk
Nfc]fi[ Dfe$K_l0X%d%$.%*'g%d% =i`0X%d%$0g%d% JXk0X%d%$,g%d% Nfc]fi[jkiX\(#-0''9i\^\eq K"+*' ,,.+&-0','* nnn%nfc]fi[%Zfd
QldkfY\c:Xe[c\j Dfe$=i`0X%d%$()g%d% )g%d%$-g%d%#JXk0X%d%$()g%d% AlcpXe[8l^ljk1Zcfj\[feJXk % 9`c[^Xjj\()#-/,';fieY`ie K"+*' ,,.)&),-*( nnn%]dqldkfY\c%Zfd