++)59$+@'1(k@%G##$%/'%*8):,('5%G+)%/'%5#*,>+$'%')%,#'9+55()2')%
G+)%/'$/')3
C#'9+55()2')%')%/(')5,')%G+)%/'$/')%@8))')%#9%'1@%2'>')5,%
&#&'),%>#$/')%#)/'$=$#@')%#*%='•()/(2/%')%T8+>'(%2''*,%2'')%
2+$+),('%+*%&',%=',$'@@()2%,#,%/'%='5:0(@=++$0'(/%G+)%')(2'%
()0#8/%#*%/(')5,3%H)0#8/%')%/(')5,')%>#$/')%/##$%/'$/')%
++)2'=#/')%G(+%)',>'$@U%#*%#G'$/$+:0,59$#2$+&&+S5%/('%)(',%
#)/'$%/'%:#),$#1'%G+)%T8+>'(%G+11')3%l##$%[#G'$%,#'5,++)%/##$%
0',%,#'9+55'1(k@%$':0,A%>#$/,%)+/$8@@'1(k@%2'5,'1/%/+,%T8+>'(%2'')%
G'$2#'/()2%=('/,%#*%++)59$+@'1(k@%@+)%>#$/')%2'5,'1/%G##$%
/(')5,')%/('%/##$%/'$/')%>#$/')%G'$1'')/A%)#:0%G##$%/'%
#)/'$=$'@()2%#*%='•()/(2()2%G+)%/'%()0#8/%#*%/(')5,')%G+)%
/'$/')3
T8+>'(%@+)%)(',%++)59$+@'1(k@%>#$/')%2'5,'1/%G##$%/'%
>',,'1(k@0'(/A%@>+1(,'(,%#*%')(2'%+)/'$'%+59':,')%G+)%5#*,>+$'%/('%
#9%/(,%9$#/8:,%(5%2'§)5,+11''$/A%#*%G##$%>'$@%G+)%/'$/')%/+,%>#$/,%
2'§)5,+11''$/%#*%2'/#>)1#+/%()%>'1@'%G#$&%/+)%##@A%&',%()='2$(9%
G+)%&++$%)(',%='9'$@,%,#,%,'@5,')A%+*=''1/()2')A%G(/'#S5%#*%
5#*,>+$'%',:3%Ç1+),')%/$+2')%0',%$(5(:#%G##$%+11'%'**':,')A%
>++$#)/'$%():#&9+,(=(1(,'(,%,855')%/'%5#*,>+$'%')%/(,%9$#/8:,A%/('%
0',%2'G#12%[(k)%G+)%0',%()5,+11'$')%G+)%5#*,>+$'%#*%0',%891#+/')%#*%
/#>)1#+/')%G+)%0',%>'$@%G+)%/'$/')3
Y(,%9$#/8:,%(5%2'=+5''$/%#9%0',%#9')U5#8$:'91+,*#$&%N)/$#(/e3%
T8+>'(%0''*,%/'%)#/(2'%>(k[(2()2')%++)%0',%91+,*#$&%
++)2'=$+:0,3%Y++$#&%#)/'$5,'8),%/(,%9$#/8:,%'1(k@%)(',%+11'%
*8):,('5%/('%>#$/')%#)/'$5,'8)/%/##$%0',%5,+)/++$/%N)/$#(/U
91+,*#$&%#*%(5%0',%'1(k@%)(',%:#&9+,(='1%&',%5#*,>+$'%G+)%
/'$/')3%T8+>'(%=('/,%2'')%')@'1'%2+$+),('%')%G'$@1+$()2%+*%()%
G'$=+)/%&',%'')%/'$2'1(k@'%:#&9+,(=(1(,'(,%')%518(,%'1@'%G#$&%G+)%
++)59$+@'1(k@0'(/%()%G'$=+)/%/++$&''%8(,/$8@@'1(k@%8(,3
P7Z!/P7Z7ND,@(N,D(O(NZ7M
Ncc4%H_TPBY%lN_%Y4à4%TN_Yc4HYH_-%DPZYC%NcF%àPYN_H-%
NN_-4WPY4_3%W4TNcl4%H_YH4_%l4Z4HFC%YPPZ%CP4KNFF4cH¶Ç%
Z4RTCA%DPZY4_%4Z%-44_%-NZN_CH4F%N"-4-4l4_%lN_%D4cÇ4%
NNZY%YN_%PPÇA%T4CàH¶%4|KcHRH4C%P"%HgKcHRH4CA%g4C%H_W4-ZHK%
lN_%gNNZ%_H4C%W4K4ZÇC%CPC%-NZN_CH4F%lN_%
TN_Y4cWNNZT4HY%4_%-4FRTHÇCT4HY%lPPZ%44_%W4KNNcY%YP4cA%
g4C%W4CZ4ÇÇH_-%CPC%Y4%_NBDÇ4BZH-T4HYA%
W4CZPBDWNNZT4HY%P"%H_TPBY%lN_%Y4à4%TN_Yc4HYH_-3
!6O