LG Electronics USA GU290 Cellular/PCS GSM/WCDMA/EDGE Phone with Bluetooth User Manual 2010050415594109534 GU290V

LG Electronics USA Cellular/PCS GSM/WCDMA/EDGE Phone with Bluetooth 2010050415594109534 GU290V

Users Manual

+9: 9WIV+YMHI
Part 15.21 statement" Change or Modifications that are not expressly approved by the manufacturer could void        the user's authority to operate the equipment. “Part 15.105 statement This equipment has been tested and found to comply with the limits for a class B digitaldevice, pursuant to Part 15 of the FCC Rules. These limits are designed to provide reasonable protection against harmful interference in a residential installation. This equipment generates uses and can radiate radio frequency energy and, if not installed and used in accordance with the instructions, may cause harmfulinterference to radio communications. However, there is no guarantee that interference willnot occur in a particular installation. If this equipment does cause harmful interference or television reception, which can be determined by turning the equipment off and on, the user is encouraged to try to correct the interference by one or more of the following measures:- Reorient or relocate the receiving antenna.- Increase the separation between the equipment and receiver.- Connect the equipment into an outlet on a circuit different from that towhich the receiver is connected.- Consult the dealer or an experienced radio/TV technician for help.This device is not intended for sale in the USA.
Part 15 Class B ComplianceThis device and its accessories comply with part15 of FCC rules and ICES-003 Class B digital apparatus requirements for Industry Canada.Operation is subject to the following two conditions:(1) This device & its accessories may not cause harmful interference.(2) This device & its accessories must accept any interference received, including interference that may cause undesired operation.Body-worn OperationThis device has been tested for typical body-worn operations with the distance of 0.79inches (2.0cm) from the user’s body. To comply with FCC RF exposure requirements, a minimum separation distance of 0.79inches(2.0cm) must be maintained from the user's body.Additionally, Belt clips, holsters & other body-worn accessories may not containmetallic components.
+IXXMRKXSORS[]SYVTLSRI'EPPOI] (MEPWETLSRIRYQFIVERHERW[IVWMRGSQMRKGEPPW)RH4S[IVOI] )RHWSVVINIGXWEGEPP8YVRWXLITLSRISRSJJ6IXYVRWXSXLI,SQIWGVIIR[LIR]SYYWIXLIQIRY1EMRWGVIIR2EZMKEXMSROI]W•-RQIRY2EZMKEXIWFIX[IIRQIRYW3/OI]6MKLXWSJXOI] 9WIXLMWOI]XSKSFEGOXSETVIZMSYWWGVIIR0IJXWSJX]OI] +SIWXS1]WXYJJHMVIGXP]1YPXMXEWOMRKOI] 'PIEV/I](IPIXIWEGLEVEGXIV[MXLIEGLTVIWW4VSKVEQQEFPILSXOI]=SYGERVIKMWXIVXLIJEZSYVMXIQIRYEWELSXOI]
3TIRZMI[&EXXIV]GSZIV&EXXIV]'EQIVEPIRW1IQSV]GEVHWPSX'LEVKIVGEFPILERHWJVIIGSRRIGXSV
-RWXEPPMRKXLI97-1ERHFEXXIV] 6IQSZIXLIFEXXIV]GSZIV4VIWWXLIFEXXIV]GSZIVVIPIEWIPEXGL8LIFEXXIV]GSZIVWLSYPHWPMHIERHPMJXSJJIEWMP] 6IQSZIXLIFEXXIV]0IZIVXLIFSXXSQIHKISJXLIFEXXIV]ERHVIQSZIMXGEVIJYPP]JVSQXLIFEXXIV]GSQTEVXQIRX;%62-2+(SRSXVIQSZIXLIFEXXIV][LIRXLITLSRIMWW[MXGLIHSREWXLMWQE]HEQEKIXLITLSRI -RWXEPPXLI97-1GEVH7PMHIXLI97-1GEVHMRXSXLI97-1GEVHLSPHIV1EOIWYVIXLEXXLIKSPHGSRXEGXEVIESRXLIGEVHMWJEGMRKHS[R[EVHW8SVIQSZIXLI97-1GEVHTYWLMXSYXSJXLILSPHIVJVSQXLIXST;%62-2+(SRSXMRWIVXXLI97-1GEVH[LIRXLIWPMHIMWSTIREWXLMWQE]HEQEKI]SYVTLSRIERH97-1GEVH
 -RWXEPPXLIFEXXIV]-RWIVXXLIXSTSJXLIFEXXIV]wVWXMRXSXLIXSTIHKISJXLIFEXXIV]GSQTEVXQIRX)RWYVIXLIFEXXIV]GSRXEGXWEPMKR[MXLXLIXIVQMREPWSRXLITLSRI4VIWWXLIFSXXSQSJXLIFEXXIV]HS[RYRXMPMXGPMTWMRXSTPEGI-RWXEPPMRKXLI97-1ERHFEXXIV]
 6ITPEGIXLIFEXXIV]GSZIV-RWIVXXLIXSTSJXLIFEXXIV]GSZIVERHTYWLHS[RERHWPMHIYRXMPMXGPMGOWMRXSTPEGI 'LEVKMRK]SYVTLSRI4YPPSTIRXLIGSZIVSJXLIGLEVKIVWSGOIXSRXLIWMHISJ]SYV+9-RWIVXXLIGLEVKIVERHTPYKMRXSEQEMRWIPIGXVMGMX]WSGOIX=SYV+9[MPPRIIHXSFIGLEVKIHYRXMPEQIWWEKIVIEHMRK*YPP]'LEVKIHETTIEVWSRWGVIIR;%62-2+(SRSXGLEVKIXLITLSRI[LIRMXMWSRWSJXJYVRMWLMRKW8LITLSRIWLSYPHFIGLEVKIHMRE[IPPZIRXMPEXIHEVIE
238)%QIQSV]GEVHMWERSTXMSREPEGGIWWSV]3TIRXLIQIQSV]GEVHGSZIV7PMHIXLIQIQSV]GEVHMRXSXLIWPSXYRXMPMXGPMGOWMRXSTPEGI1EOIWYVIXLEXXLIKSPHGSRXEGXEVIEMWJEGMRKHS[R[EVHW6IQSZMRKEQIQSV]GEVH3TIRXLIGSZIVERHGEVIJYPP]VIQSZIXLIQIQSV]GEVHF]KIRXP]TYWLMRKMXMRXSXLITLSRIERHUYMGOP]VIPIEWMRKMXEWWLS[RMRXLIJSPPS[MRKHMEKVEQ*SVQEXXMRKEQIQSV]GEVH=SYVQIQSV]GEVHQE]EPVIEH]FIJSVQEXXIH-JRSX]SY[MPPRIIHXSHSWSFIJSVI]SYGERFIKMRYWMRKMX *VSQXLI,SQIWGVIIRTVIWWERHWIPIGX7IXXMRKW'LSSWI1IQSV]MRJSERHWIPIGX)\XIVREPQIQSV]4VIWW*SVQEXERHIRXIVXLITEWW[SVH[LMGLMWWIXXSEWHIJEYPX=SYVGEVH[MPPFIJSVQEXXIHERHVIEH]XSYWI;%62-2+;LIR]SYJSVQEX]SYVQIQSV]GEVHEPPXLIGSRXIRX[MPPFI[MTIH-J]SYHSRSX[ERXXSPSWIXLIHEXESR]SYVQIQSV]GEVHFEGOMXYTwVWX1IQSV]GEVH
=SYV,SQIWGVIIR8LIWXEXYWFEV8LIWXEXYWFEVYWIWZEVMSYWMGSRWXSMRHMGEXIXLMRKWPMOIWMKREPWXVIRKXLRI[QIWWEKIWERHFEXXIV]PMJIEW[IPPEWXIPPMRK]SY[LIXLIV]SYV&PYIXSSXLGSRRIGXMSRMWEGXMZI8LIXEFPIFIPS[I\TPEMRWXLIQIERMRKSJMGSRW]SYtVIPMOIP]XSWIIMRXLIWXEXYWFEV -GSR (IWGVMTXMSR 2IX[SVOWMKREPWXVIRKXLRYQFIVSJFEVW[MPPZEV] 2SRIX[SVOWMKREP +467EZEMPEFPI +EZEMPEFPI )(+)EZEMPEFPI*PMKLXQSHIMWEGXMZEXIH  'EPPWEVIHMZIVXIH  6SEQMRKWIVZMGI &PYIXSSXLMWEGXMZEXIH  ;%4WIVZMGIMW  GSRRIGXIH -GSR (IWGVMTXMSR 1YPXMXEWOMRKEZEMPEFPI 1IQSV]GEVHMRWXEPPIH 4YWLQIWWEKI  %REPEVQMWWIX7GLIHYPI2I[QIWWEKI 2I[ZSMGIQIWWEKI 2SVQEPTVSwPIMRYWI  7MPIRXTVSwPIMRYWI 3YXHSSVTVSwPIMRYWI ,IEHWIXTVSwPIMRYWI 6IQEMRMRKFEXXIV]PMJI  &EXXIV]IQTX]8-4=SYGERUYMGOP]EGGIWWGLSWIRQIRYWYWMRK]SYV*EZSYVMXIWPMWX-RWXERHF]QSHITVIWWXLIPIJXWSJXOI]7IPIGX )QTX]"ERHXLIR%HHXSEHHEQIRYEWEJEZSYVMXI
0++9`9WIV+YMHI'EPPW1EOMRKEGEPP 1EOIWYVI]SYVTLSRIMWSR=SYGERYWIXLIOI]TEHEJXIVSTIRMRKXLIWPMHI8SHIPIXIEHMKMXTVIWWSVXLIFEGOEVVS[4VIWWXSFIKMRXLIGEPP 8SIRHXLIGEPPTVIWWSVWPMHIXLIGSZIVGPSWIH8-48SIRXIV[LIRQEOMRKERMRXIVREXMSREPGEPPTVIWWERHLSPH1EOMRKEGEPPJVSQ]SYVGSRXEGXW7IPIGX'SRXEGXWMRXLIQIRYERHXLIR7IEVGL 9WMRKXLIOI]TEHIRXIVXLIwVWXPIXXIVSJXLIGSRXEGX]SY[ERXXSGEPPERHWGVSPPXSXLIGSRXEGX4VIWWXSFIKMRXLIGEPP%RW[IVMRKERHVINIGXMRKEGEPP;LIR]SYVTLSRIVMRKWTVIWW%GGITXSVTVIWWXSERW[IVXLIGEPP;LMPI]SYVTLSRIMWVMRKMRK]SYGERTVIWW7MPIRXXSQYXIXLIVMRKMRK8LMWMWYWIJYPMJ]SYLEZIJSVKSXXIRXSGLERKI]SYVTVSwPIXS7MPIRXJSVEQIIXMRK4VIWWSVWIPIGX6INIGXMRSVHIVXSVINIGXERMRGSQMRKGEPP7TIIHHMEPPMRK=SYGEREWWMKREWTIIHHMEPRYQFIVXSEGSRXEGX]SYGEPPJVIUYIRXP]4VIWWXSSTIRXLIQEMRQIRY7IPIGX'SRXEGXWXLIRWIPIGX7TIIHHMEPW =SYVZSMGIQEMPMWTVIWIXXSWTIIHHMEPERH]SYGERRSXGLERKIXLMW7IPIGXER]SXLIVRYQFIVIMXLIVF]YWMRKXLIREZMKEXMSROI]WERHWIPIGXMRK%HHSVF]TVIWWMRKXLILEVHOI]RYQFIV
 =SYVEHHVIWWFSSO[MPPSTIR7IPIGXXLIGSRXEGX]SYtHPMOIXSEWWMKRXSXLEXRYQFIVYWMRKXLIREZMKEXMSROI]WXLIRWIPIGX3/8SGEPPEWTIIHHMEPRYQFIVTVIWWERHLSPHXLIEWWMKRIHRYQFIVYRXMPXLIGSRXEGXETTIEVWSRWGVIIR8LIGEPP[MPPFIKMREYXSQEXMGEPP]ERHXLIVIMWRSRIIHXSTVIWW:MI[MRK]SYVGEPPPSKW4VIWWERHWIPIGX'EPPW%PPGEPPW:MI[EGSQTPIXIPMWXSJEPP]SYVHMEPPIHVIGIMZIHERHQMWWIHGEPPW1MWWIHGEPPW:MI[EPMWXSJER]GEPPW]SYLEZIQMWWIH(MEPPIHGEPPW:MI[EPMWXSJEPPXLIRYQFIVW]SYLEZIGEPPIH6IGIMZIHGEPPW:MI[EPMWXSJEPPXLIRYQFIVWXLEXLEZIGEPPIH]SY'EPPHYVEXMSR:MI[HIXEMPWSJLS[PSRK]SYLEZIWTIRXSR]SYVGEPPWVIGIMZIHERHHMEPPIH'EPPGSWXW:MI[XLIGLEVKIWETTPMIHXS]SYVPEWXGEPPSVEPPGEPPW8LMWWIVZMGIMWRIX[SVOHITIRHIRXWSQISTIVEXSVWEVIYREFPIXSWYTTSVXXLMW(EXEMRJSVQEXMSR:MI[XLIEQSYRXSJEPP]SYVVIGIMZIHERHWIRXHEXEMRF]XIW8-4*VSQER]GEPPPSKWIPIGX3TXMSRWERHXLIR(IPIXIXSHIPIXIWIPIGXIHMXIQW8-49WIXLIREZMKEXMSROI]WXSLMKLPMKLXER]WMRKPIGEPPIRXV]MRSVHIVXSXSZMI[XLIHEXIERHXMQISJXLIGEPP8SZMI[XLIGEPPHYVEXMSRWIPIGX:MI[
0++9`9WIV+YMHI'EPPW9WMRKGEPPHMZIVX4VIWWWIPIGX7IXXMRKW7IPIGX'EPP'EPPHMZIVX3V]SYGERGLSSWI(IEGXMZEXIEPP 'LSSWI[LIXLIVXSHMZIVXEPPGEPPW[LIRXLIPMRIMWFYW][LIRXLIVIMWRSERW[IV[LIR]SYEVISYXSJVIEGL'LSSWI%GXMZEXIERHMRTYXRYQFIVXSFIHMZIVXIH )RXIV]SYVHMZIVXRYQFIVSVWIPIGX7IEVGLXSFVS[WI'SRXEGXWJSV]SYVHMZIVXRYQFIV2SXI'LEVKIWEVIMRGYVVIHJSVHMZIVXMRKGEPPW4PIEWIGSRXEGX]SYVRIX[SVOTVSZMHIVJSVHIXEMPW8-48SXYVRSJJEPPGEPPHMZIVXWGLSSWI(IEGXMZEXIEPPJVSQXLI'EPPHMZIVXQIRY9WMRKGEPPFEVVMRK4VIWWWIPIGX7IXXMRKW7IPIGX'EPP'EPPFEVVMRK 'LSSWIER]SVEPPSJXLIWM\STXMSRW3YXKSMRKGEPPW -RXIVREXMSREPGEPPW-RXIVREXMSREPGEPPWI\GITXLSQIGSYRXV] -RGSQMRKGEPPW -RGSQMRKGEPPW[LIREFVSEH 7IPIGX%GXMZEXIERHIRXIVXLIGEPPFEVVMRKTEWW[SVH4PIEWIGLIGO[MXL]SYVRIX[SVOSTIVEXSVJSVXLMWWIVZMGI8-47IPIGX*M\IHHMEPRYQFIVWJVSQXLI'EPPMRKQIRYXSXYVRSRERHGSQTMPIEPMWXSJRYQFIVW[LMGLGERFIGEPPIHJVSQ]SYVTLSRI=SYtPPRIIH]SYV4-2GSHIJVSQ]SYVSTIVEXSV;LIREGXMZEXIHSRP]RYQFIVWMRGPYHIHMRXLIw\IHHMEPPMWXGERFIGEPPIHJVSQ]SYVTLSRI
'LERKMRKXLIGEPPWIXXMRKW4VIWWWIPIGX7IXXMRKW'EPP *VSQLIVI]SYGEREQIRHXLIWIXXMRKWJSV'EPPHMZIVX'LSSWI[LIXLIVXSHMZIVX]SYVGEPPW'EPPFEVVMRK7IPIGX[LMGLGEPPW]SY[SYPHPMOIXSFIFEVVIH 'EPP[EMXMRK&IEPIVXIH[LIR]SYLEZIEGEPP[EMXMRK  *M\IHHMEPRYQFIVW'LSSWIEPMWXSJRYQFIVWXLEXGERFIGEPPIHJVSQ]SYVTLSRI)\GYWIQIWWEKIW7EZIXLITVIHIwRIHRSXMwGEXMSRQIWWEKIFIJSVI]SYVINIGXEGEPP 'SQQSRWIXXMRKW6IJIVXSFIPS[GSRXIRXWMRHIXEMPW'SQQSRWIXXMRKW%RW[IVQSHI%PPS[W]SYXSWIXXLIERW[IVMRKQIXLSH=SYGERGLSSWIFIX[IIR4VIWWWIRHOI]7PMHIYTERH4VIWWER]OI]7IRHQ]RYQFIV7IXF]RIX[SVO'SRwKYVIW[MXLXLIHIJEYPXWIXXMRKWHIXIVQMRIHF]XLIWIVZMGITVSZMHIV3R=SYVRYQFIV[MPPFIWIRX[LIRQEOMRKERSYXKSMRKGEPP3JJ=SYVRYQFIV[MPPFI[MXLLIPH[LIRQEOMRKERSYXKSMRKGEPP1MRYXIQMRHIV(IXIVQMRIW[LIXLIVXSWSYRHEXSRIIZIV]QMRYXI[LIR]SYEVISRXLITLSRI%YXSVIHMEP%PPS[W]SYXSWIXXLIEYXSVIHMEPJYRGXMSR[LIREGEPPEXXIQTXLEWJEMPIH7IRH(81*XSRIW(81*EPPS[W]SYXSYWIRYQIVMGEPGSQQERHWXSREZMKEXIQIRYW[MXLMREYXSQEXIHQIWWEKIW
0++9`9WIV+YMHI'EPPW7EZIRI[RYQFIV7IPIGXMRKXLMWSTXMSR[MPPWEZIRYQFIVWXLEXEVIRSXEPVIEH]MR]SYVGSRXEGXWYTSRIRHMRKXLIGEPP&8ERW[IVQSHI,ERHWJVII=SYGERERW[IVEGEPPYWMRKE&PYIXSSXLLIEHWIX,ERHWIX4VIWW SRXLILERHWIXXSERW[IVEGEPP[LIRYWMRKE&PYIXSSXLLIEHWIX,ERKYTQSHI7IX[LIXLIVSVRSXEGEPPMWIRHIHYTSRGPSWMRKXLIWPMHI'EPPVINIGX=SYGERWIX[LIXLIVXSVINIGXMRGSQMRKGEPPW
'SRXEGXW7IEVGLMRKJSVEGSRXEGX7IPIGX'SRXEGXWJVSQXLIQEMRQIRYERHGLSSWI  9WMRKXLIOI]TEHIRXIVXLIwVWXPIXXIVSJXLIREQISJXLIGSRXEGX]SY[ERXXSGEPP8SWGVSPPXLVSYKLXLIGSRXEGXWERHXLIMVHMJJIVIRXRYQFIVWYWIXLIREZMKEXMSROI]W%HHMRKERI[GSRXEGX7IPIGX'SRXEGXWERHTVIWWPIJX]WSJXOI]3TXMSRW7IPIGX'VIEXIRI[GSRXEGX 'LSSWI[LIXLIVXSWXSVI]SYVRI[GSRXEGXSR]SYV,ERHWIXSV97-1GEVH )RXIVXLIMRJSVQEXMSR]SY[ERXMRXLIwIPHWTVSZMHIHERHWIPIGX(SRI3VXSYWIEWPMKLXP]UYMGOIVQIXLSHg )RXIVXLIRYQFIV]SY[MWLXSWXSVIERHTVIWW3TXMSRW'LSSWI7EZIRYQFIVERHGLSSWIIMXLIV2I[GSRXEGXSV9THEXIGSRXEGX )RXIVXLIVIPIZERXMRJSVQEXMSRERHWIPIGX(SRI%HHMRKEGSRXEGXXSEKVSYT=SYGERWEZI]SYVGSRXEGXWMRXSKVSYTW8LMWMWYWIJYPJSVOIITMRK]SYV[SVOGSPPIEKYIWERHJEQMP]WITEVEXIJSVI\EQTPI8LIVIEVIERYQFIVSJKVSYTWMRGPYHMRK*EQMP]*VMIRHW'SPPIEKYIW7GLSSPERH:-4EPVIEH]WIXYTSR]SYVTLSRI7IPIGX'SRXEGXWERHGLSSWI+VSYTW 7GVSPPXSXLIKVSYT]SY[MWLXSEHHEGSRXEGXXSERHWIPIGX3TIRXLIRWIPIGX%HH
0++9`9WIV+YMHI'SRXEGXW =SYVGSRXEGXWPMWX[MPPSTIR7GVSPPXSER]GSRXEGXW]SY[SYPHPMOIXSEHHXSXLIKVSYTERHTVIWW XLIRWIPIGX(SRI8-4=SYGEREWWMKREVMRKXSRIXSEKVSYT7IPIGXXLIKVSYT]SY[MWLXSEWWMKRXLIVMRKXSRIXSWIPIGX3TXMSRWERHGLSSWIXLIMXIQ]SY[ERX2SXI=SYGERSRP]EWWMKREGSRXEGXXSEKVSYTSVEHHETMGXYVIXSEGSRXEGXXLEXMWWEZIHMR]SYVTLSRIRSX7-1QIQSV]%HHMRKETMGXYVIXSEGSRXEGX=SYGERGLERKIXLIETTIEVERGISJ]SYVGSRXEGXWMR]SYVEHHVIWWFSSOXSMRGPYHIETMGXYVI7IPIGX'SRXEGXWERHGLSSWI'VIEXIRI[GSRXEGX 7IPIGXWUYEVIMQEKIXSIHMXERHMRWIVXETMGXYVI 'LSSWI'LERKI'LSSWI2SMQEKI+SXSMQEKIWERH8EOIETMGXYVI-J]SYWIPIGX+SXSMQEKIW]SYGERGLSSWIERMQEKIXLEXMWWEZIHMR]SYVTLSRIQIQSV]-J]SYWIPIGX8EOIETMGXYVI]SYVGEQIVEZMI[wRHIV[MPPSTIRWS]SYGERXEOIETMGXYVISJ]SYVGSRXEGX8EOIXLITMGXYVIXLIRTVIWW7IPIGX7IPIGX(SRI'ST]MRK]SYVGSRXEGXWXS]SYV97-1=SYGEREPWSGLSSWIXSGST]]SYVGSRXEGXWJVSQ]SYV97-1XS]SYVLERHWIXSVJVSQ]SYVLERHWIXXS]SYV97-17IPIGX'SRXEGXWGLSSWI7XSVEKIPSGEXMSR 7IPIGXXLIQIRY'ST]XS97-1SV1SZIXS97-17IPIGX(SRIMJ]SYEVIWYVI
1IWWEKMRK1IWWEKMRK=SYV+9MRGPYHIWJYRGXMSRWVIPEXIHXS7177LSVX1IWWEKI7IVZMGI1171YPXMQIHME1IWWEKI7IVZMGIERHIQEMPEW[IPPEWXLIRIX[SVOtWWIVZMGIQIWWEKIW8SYWIXLIWIJYRGXMSRWTVIWW ERHWIPIGX1IWWEKMRK7IRHMRKEQIWWEKI 'VIEXIERI[QIWWEKITVIWWWIPIGX1IWWEKMRKERHGLSSWI'VIEXIRI[QIWWEKI'LSSWI1IWWEKIXSWIRHER717SV117 %RI[QIWWEKIIHMXSV[MPPSTIR 1IWWEKIIHMXSVGSQFMRIW717ERH117MRSRIMRXYMXMZIQSHIXLEXMWIEW]XSW[MXGLFIX[IIR8LIHIJEYPXWIXXMRKSJXLIQIWWEKIIHMXSVMW717QSHI )RXIV]SYVQIWWEKIYWMRKXLIOI]TEH7II)RXIVMRKXI\XSRXLIVMKLXJSVQSVIMRJSVQEXMSRSRLS[XSIRXIVXI\X7IPIGX3TXMSRWERHGLSSWI-RWIVXXSEHHER-QEKI:MHIS7SYRH7]QFSPW8IQTPEXI)QSXMGSR2EQI2YQFIV2I[WPMHI7YFNIGXSV1SVI 'LSSWIEGSRXEGXJVSQXLIPMWXSJGSRXEGXWSVIRXIVXLITLSRIRYQFIVJVSQ1SVI 7IPIGX7IRH;%62-2+-JER-QEKI7SYRH:MHIS2I[WPMHISV7YFNIGXMWEHHIHXSXLIQIWWEKIIHMXSVMX[MPPFIEYXSQEXMGEPP]GSRZIVXIHXS117QSHIERH]SY[MPPFIGLEVKIHEGGSVHMRKP]
0++9`9WIV+YMHI1IWWEKMRK)RXIVMRKXI\X=SYGERIRXIVEPTLERYQIVMGGLEVEGXIVWYWMRKXLITLSRItWOI]TEH*SVI\EQTPIWXSVMRKREQIWMR'SRXEGXW[VMXMRKEQIWWEKIERHGVIEXMRKWGLIHYPMRKIZIRXWMRXLIGEPIRHEVEPPVIUYMVIIRXIVMRKXI\X8LIJSPPS[MRKXI\XMRTYXQIXLSHWEVIEZEMPEFPIMRXLITLSRI8QSHI%FGQSHIERHQSHI2SXI7SQIwIPHWQE]EPPS[SRP]SRIXI\XMRTYXQSHIIKXIPITLSRIRYQFIVMREHHVIWWFSSOwIPHW8I\XMRTYXQSHIYWMRKXLIOI]TEH;LIR]SY[ERXXSIRXIVXI\XJSVI\EQTPI[LIR[VMXMRKEQIWWEKIXLIOI]TEH[MPPHIJEYPXXS8QSHI-J]SYEVIIRXIVMRKERYQFIVJSVI\EQTPI[LIRQEOMRKEGEPPXLIOI]TEHRYQFIVOI]W[MPPHIJEYPXXSRYQFIVW7IXXMRKYT]SYVIQEMP=SYGERWXE]MRXSYGLSRXLIQSZIYWMRKIQEMPSR]SYV+9-XtWUYMGOERHWMQTPIXSWIXYTE434SV-1%4IQEMPEGGSYRX4VIWWWIPIGX1IWWEKMRKERHGLSSWI7IXXMRKW7IPIGX)QEMPERHXLIRGLSSWI)QEMPEGGSYRXW7IPIGX%HHERHJSPPS[XLITSTYTMRWXVYGXMSRERHIRXIVXLIMRJSVQEXMSRVIUYMVIH7IRHMRKERIQEMPYWMRK]SYVRI[EGGSYRX8SWIRHVIGIMZIERIQEMP]SYWLSYPHWIXYTERIQEMPEGGSYRXWIIEFSZI4VIWWWIPIGX1IWWEKMRKERHGLSSWI'VIEXIRI[QIWWEKI'LSSWI)QEMPERHERI[IQEMP[MRHS[[MPPSTIR ;VMXIEWYFNIGXPMRIXLIRTVIWW3/ )RXIV]SYVQIWWEKIYWMRKXLIOI]TEH
1EMP&S\8LMWGSRXEMRWEPP]SYVIQEMPQIWWEKIW7IPIGXXLIEGGSYRX]SY[ERXXSYWIXLIRWIPIGX6IXVMIZI=SYV+9[MPPGSRRIGXXS]SYVIQEMPEGGSYRXERHVIXVMIZI]SYVRI[QIWWEKIW1IWWEKIJSPHIVW4VIWWXLIRWIPIGX1IWWEKMRK8LIJSPHIVWXVYGXYVIYWIHSR]SYV+9WLSYPHFIWIPJI\TPEREXSV]'VIEXIRI[QIWWEKI'VIEXI]SYVRI[QIWWEKI-RFS\%PPXLIQIWWEKIW]SYVIGIMZIEVITPEGIHMRXS]SYV-RFS\*VSQLIVI]SYGERVITP]JSV[EVHERHQSVI7II1EREKMRK]SYVQIWWEKIW1EMPFS\%PPXLIQEMPW]SYVIGIMZIEVITPEGIHMRXS]SYV1EMPFS\(VEJXW-J]SYHSRtXLEZIXMQIXSwRMWL[VMXMRKEQIWWEKI]SYGERWEZI[LEX]SYLEZI[VMXXIRWSJEVMRLIVI3YXFS\8LMWMWEXIQTSVEV]WXSVEKIJSPHIVYWIH[LMPIQIWWEKIWEVIFIMRKWIRX7IRXMXIQW'STMIWSJEPPXLIQIWWEKIW]SYWIRHEVIOITXMRXS]SYV7IRXJSPHIV1]JSPHIVW=SYGERQSZIQIWWEKIWSJ-RFS\SV7IRXQIWWEKIWMRXS1]JSPHIVW%PWS]SYGERQSZIXLSWIQIWWEKIWSJ1]JSPHIVWMRXSXLISVMKMREPQIWWEKIFS\8IQTPEXIW%PMWXSJTVI[VMXXIRYWIJYPQIWWEKIWYWIJYPJSVEUYMGOVITP])QSXMGSRW=SYGEREHHIHMXERHHIPIXIIQSXMGSRW=SYGERMRWIVXXLIIQSXMGSR[LMGL]SYTVIJIVVIHSR[VMXMRKEQIWWEKI1EREKMRK]SYVQIWWEKIW=SYGERYWI]SYV-RFS\XSQEREKI]SYVQIWWEKIW4VIWWWIPIGX1IWWEKMRKERHGLSSWI-RFS\7IPIGX3TXMSRWERHXLIRGLSSWIXS6 I T P ] 7IRHEVITP]XSXLIWIPIGXIHQIWWEKI
0++9`9WIV+YMHI * S V [ E V H  7IRHXLIWIPIGXIHQIWWEKISRXSERSXLIVTIVWSR1EOIGEPP'EPPXLITIVWSR[LSWIRX]SYXLIQIWWEKI7EZIRYQFIV7EZIXLIRYQFIVSJXLIQIWWEKI(IPIXI(IPIXIXLIWIPIGXIHQIWWEKI'VIEXIRI[QIWWEKI;VMXIERI[1IWWEKI)QEMPVIKEVHPIWW[LSWIRX]SYQIWWEKI1EVO9RQEVO1EVOEQIWWEKISVEPP'ST]1SZI'LSSWIXSGST]SVQSZIXLIWIPIGXIHQIWWEKIXSXLI7-1GEVHSVTLSRI*MPXIV(MWTPE]WQIWWEKIWF]HIWMVIHQIWWEKIX]TIW1IWWEKIMRJS=SYGERGLIGOXLISJMXWX]TIWYFNIGX[LIVIMXMWJVSQERHMXWHEXI-J]SYWIIXLIQIWWEKI2SWTEGIJSV7-1QIWWEKI]SYWLSYPHHIPIXIWSQIQIWWEKIWJVSQ]SYVMRFS\XSGVIEXIWTEGI-J]SYWIIXLIQIWWEKI2SWTEGIJSVQIWWEKIW]SYGERHIPIXIIMXLIVQIWWEKIWSVWEZIHwPIWXSGVIEXIQSVIWTEGI9WMRKXIQTPEXIW=SYGERGVIEXIXIQTPEXIWJSVXLI8I\XERH1YPXMQIHMEQIWWEKIW]SYWIRHQSWXJVIUYIRXP]8LIVIEVIWSQIXIQTPEXIWEPVIEH]SR]SYVTLSRI[LMGLGERFIIHMXIHMJ]SY[MWL4VIWWWIPIGX1IWWEKMRKERHGLSSWI8IQTPEXIW'LSSWI8I\XXIQTPEXIWSV1YPXMQIHMEXIQTPEXIW-RXI\XXIQTPEXIQIRY]SYGERXLIRWIPIGX3TXMSRWERHGLSSWI)HMXXSGLERKII\MWXMRKXIQTPEXIWSV%HHRI[XSGVIEXIRI[XIQTPEXI 8SWIRHEXIQTPEXIWIPIGX1IWWEKMRKERHGLSSWI'VIEXIRI[QIWWEKI'LSSWI1IWWEKI'LSSWI3TXMSRWERHWIPIGX-RWIVXGLSSWI8IQTPEXI1IWWEKMRK
 'LSSWIXIQTPEXI]SY[ERXXSWIRHERHWIPIGX7IRH'LERKMRK]SYVXI\XQIWWEKIWIXXMRKW=SYV+9QIWWEKIWIXXMRKWEVITVIHIwRIHWSXLEX]SYGERWIRHQIWWEKIWMQQIHMEXIP]-J]SY[SYPHPMOIXSGLERKIXLIWIXXMRKW]SYGERHSXLMWYWMRKXLI7IXXMRKWSTXMSRW4VIWW WIPIGX1IWWEKMRKXLIRGLSSWI7IXXMRKWERH8I\XQIWWEKI=SYGERQEOIGLERKIWXS8I\X1IWWEKIGIRXVI)RXIVXLIHIXEMPWJSV]SYVQIWWEKIGIRXVI(IPMZIV]VITSVX'LSSWIXSVIGIMZIGSRwVQEXMSRXLEX]SYVQIWWEKI[EWHIPMZIVIH:EPMHMX]TIVMSH'LSSWILS[PSRK]SYVQIWWEKIMWWXSVIHEXXLIQIWWEKIGIRXVI1IWWEKIX]TIW'SRZIVX]SYVXI\XMRXS:SMGI*E\<SV)QEMP'LEVEGXIVIRGSHMRK'LSSWILS[]SYVGLEVEGXIVWEVIIRGSHIH8LMWEJJIGXWXLIWM^ISJ]SYVQIWWEKIERHXLIVIJSVIHEXEGSWXW7IRHPSRKXI\XEW'LSSWI[LIXLIVXSWIRH]SYVQIWWEKIEW717SV117[LIR]SYIRXIVEXI\XPSRKIVXLERTEKIWMRXLIQIWWEKIwIPH'LERKMRK]SYVQYPXMQIHMEQIWWEKIWIXXMRKW=SYV+9QIWWEKIWIXXMRKWEVITVIHIwRIHWSXLEX]SYGERWIRHQIWWEKIWMQQIHMEXIP]-J]SY[SYPHPMOIXSGLERKIXLIWIXXMRKW]SYGERHSWSYWMRKXLI7IXXMRKWSTXMSRW4VIWWWIPIGX1IWWEKMRKXLIRGLSSWI7IXXMRKWERH1YPXMQIHMEQIWWEKI=SYGERQEOIGLERKIWXS6IXVMIZEPQSHI'LSSWIXSEYXSQEXMGEPP]SVQERYEPP]HS[RPSEHQYPXMQIHMEQIWWEKIWHITIRHMRKSR[LIXLIV]SYEVIEXLSQISVVSEQMRK
0++9`9WIV+YMHI(IPMZIV]VITSVX'LSSWIXSVIUYIWXSVEPPS[EHIPMZIV]VITSVX6IEHVITP]'LSSWIXSVIUYIWXSVEPPS[EVIEHVITP]4VMSVMX]'LSSWIXLITVMSVMX]PIZIPSJ]SYVQYPXMQIHMEQIWWEKI:EPMHMX]TIVMSH'LSSWILS[PSRK]SYVQIWWEKIMWWXSVIHEXXLIQIWWEKIGIRXVI7PMHIHYVEXMSR'LSSWILS[PSRK]SYVWPMHIWETTIEVSRWGVIIR'VIEXMSRQSHI%PPS[W]SYXSWIPIGXXLIGSRXIRXWX]TIWYTTSVXIHF]1176IWXVMGXIH;EVRMRKERH*VII(IPMZIV]XMQI'SRwKYVIWXLIHIPMZIV]XMQISJQIWWEKIXSXLIVIGMTMIRX8LI1YPXMQIHMEQIWWEKIGIRXVI[MPPHIPMZIVXLIQIWWEKIEJXIVXLIHIPMZIV]XMQI117GIRXVI%PPS[W]SYXSGSRwKYVIRIX[SVOMRJSVQEXMSRWYGLEWXLI117'ERHXLI-RXIVRIXTVSwPIXSWIRHEQYPXMQIHMEQIWWEKI'LERKMRK]SYVIQEMPWIXXMRKW=SYGEREHETX]SYVIQEMPWIXXMRKWXS]SYVS[RTVIJIVIRGIW4VIWWWIPIGX1IWWEKMRKERHGLSSWI7IXXMRKW7IPIGX)QEMPXLIR]SYGEREHETXXLIJSPPS[MRKWIXXMRKW)QEMPEGGSYRXW=SYGERWIXYTERIQEMPEGGSYRX%PPS[VITP]IQEMP(IXIVQMRIW[LIXLIVXSEPPS[WIRHMRKEVIEHGSRwVQEXMSRQEMPJSVEVIEHGSRwVQEXMSRQEMPVIUYIWX6IUYIWXVITP]IQEMP(IXIVQMRIW[LIXLIVXSVIUYIWXEVIEHGSRwVQEXMSRQEMP6IXVMIZIMRXIVZEP'LSSWILS[SJXIR]SYV+9GLIGOWJSVRI[IQEMPQIWWEKIW6IXVMIZIEQSYRX'LSSWILS[QER]IQEMPWEVIVIXVMIZIHMRWIPIGXIHXMQI-RGPYHIQIWWEKIMRJ[HVITP]'LSSWI[LIXLIVSVRSXXSMRGPYHIXLISVMKMREPQIWWEKI1IWWEKMRK
-RGPYHIEXXEGLQIRX'LSSWI[LIXLIVSVRSXXSMRGPYHIXLISVMKMREPEXXEGLQIRX%YXSVIXVMIZEPMRVSEQMRK'LSSWI[LIXLIVSVRSXXSEYXSQEXMGEPP]VIXVMIZI]SYVQIWWEKIW[LIREFVSEH2I[IQEMPRSXMJMGEXMSR'LSSWI[LIXLIVSVRSXXSFIEPIVXIHXSRI[IQEMPW7MKREXYVI'VIEXIERIQEMPWMKREXYVIERHW[MXGLXLMWJIEXYVISR4 V M S V M X ] 'LSSWIXLITVMSVMX]PIZIPSJ]SYVIQEMPQIWWEKIW'LERKMRK]SYVSXLIVWIXXMRKW:MHISQEMP:SMGIQEMP=SYGERIHMXXLIZSMGIQEMPSVZMHISQEMP7IVZMGIQIWWEKI,IVI]SYGERW[MXGLSJJ7IVZMGIQIWWEKI[LMGLQIERW]SYVQIWWEKIW[MPPRSPSRKIVFITYWLIHHMVIGXP]XS]SYVHIZMGIEWXLI]EVIVIGIMZIHSRP][LIR]SYGLIGOJSVRI[QIWWEKIW=SYGEREPWSGLERKI]SYVWIVZMGIQIWWEKIWIGYVMX]-RJSWIVZMGI'LSSWIXLIVIGITXMSRWXEXYWGLERRIPWERHPERKYEKISJ]SYVMRJSQIWWEKIW
0++9`9WIV+YMHI'EQIVE8EOMRKEUYMGOTLSXS4VIWWERHWIPIGX1YPXMQIHME7IPIGX'EQIVEXSSTIRXLIZMI[wRHIV ,SPHMRKXLITLSRIERHTSMRXXLIPIRWXS[EVHWXLIWYFNIGXSJXLITLSXS 4SWMXMSRXLITLSRIWS]SYGERWIIXLIWYFNIGXSJ]SYVTLSXS4VIWWXSXEOIETLSXS&IJSVI]SYXEOI]SYVTLSXS4VIWW4VIZMI[MR7IXXMRKWJSVXLIJSPPS[MRKSTXMSRW7SQISJXLSWIWIXXMRKW[MPPFIWLS[REX:MHIS'EQIVE7IXXMRKWXSS-QEKIWM^I7II'LERKMRKXLIMQEKIWM^ISRTEKI4VIZMI[WM^I7IPIGXXLITVIZMI[MQEKI*YPPMQEKISV*YPPWGVIIR)JJIGX'LSSWIJVSQJSYVGSPSYVXSRISTXMSRW3JJRSVQEPGSPSYV7ITME&PEGO;LMXISV2IKEXMZI;LMXIFEPERGI8LI[LMXIFEPERGIIRWYVIWXLEXER][LMXIMR]SYVTLSXSMWVIEPMWXMG-RSVHIVJSV]SYVGEQIVEXSGSVVIGXP]EHNYWXXLI[LMXIFEPERGI]SYQE]RIIHXSHIXIVQMRIXLIPMKLXGSRHMXMSRW'LSSWIJVSQ%YXS-RGERHIWGIRX7YRR]*PYSVIWGIRXSV'PSYH]2MKLXQSHI=SYGERXEOIFIXXIVTMGXYVIWEXRMKLXF]WIPIGXMRK3R8MQIV8LIXMQIVEPPS[W]SYXSWIXEHIPE]EJXIVXLIGETXYVIFYXXSRMWTVIWWIHFIJSVIXLIGEQIVEJMVIW'LSSWIJVSQ3JJ7IG7IGSV7IG+VIEXJSV[LIR]SY[ERXXSMRGPYHI]SYVWIPJMRXLITLSXS7LSX1SHI'LSSWIJVSQ2SVQEP&YVWXWLSXERH*VEQIWLSX&YVWXWLSXPIXW]SYXSXEOIYTXS8LVII7M\2MRIWLSXWEYXSQEXMGEPP]MRZIV]UYMGOWYGGIWWMSRKVIEXJSVXEOMRKTLSXSWSJQSZMRKSFNIGXWSVEXWTSVXMRKIZIRXW
5YEPMX]'LSSWIFIX[IIR7YTIVJMRI*MRIERH2SVQEP8LIwRIVXLIUYEPMX]XLIWLEVTIVETLSXS[MPPFI8LIwPIWM^I[MPPMRGVIEWIEWEVIWYPX[LMGLQIERW]SY[MPPFIEFPIXSWXSVIJI[IVTLSXSWMR]SYVQIQSV]4VIWW3XLIVWMR7IXXMRKWJSVXLIJSPPS[MRKSTXMSRW1IQSV]'LIGOXLIGYVVIRXWXEXYW,ERHWIX)\XIVREP,MHIMGSRW7IPIGXXLIHMWTPE]SJMGSR%YXS1ERYEP7SYRH7IPIGXWLYXXIVWSYRH[LIRXEOMRKETMGXYVI%JXIV]SYtZIXEOIR]SYVTLSXS=SYVGETXYVIHTLSXS[MPPETTIEVSRXLIWGVIIR8LIREQISJXLIMQEKIMWWLS[REXXLIXSTSJXLIWGVIIRERH]SY[MPPWIIwZISTXMSRWHMWTPE]IHSRXLIPIJXWMHISJXLIWGVIIR-QEKI'LSSWIXLMWXSPSSOEXXLISXLIVTLSXSWMR]SYVEPFYQ=SYVGYVVIRXTLSXS[MPPFIWEZIH7IRH7IPIGXXLMWWIRHXLITLSXSEWE1IWWEKI)QEMP7IITEKIJSV7IRHMRKEQIWWEKI2I[9WIXLMWXSXEOIERSXLIVTLSXSWXVEMKLXE[E]=SYVGYVVIRXTLSXS[MPPFIWEZIH9WIEW7IPIGXXSSTIREWYFQIRYXSYWI]SYVMQEKIEW;EPPTETIVE'SRXEGXWMQEKI7XEVXYTSV7LYXHS[R(IPIXI(IPIXIWXLITLSXS]SYLEZINYWXXEOIR'SRwVQXLMWF]WIPIGXMRK=IW 8LIZMI[wRHIV[MPPVIETTIEV
0++9`9WIV+YMHI'LERKMRKXLIMQEKIWM^I=SYGERGLERKIXLIWM^ISJXLITLSXSXSWEZIQIQSV]WTEGI8LIQSVITM\IPWQIERWXLIPEVKIVXLIwPIWM^IXLMWMRXYVRQIERWXLI]XEOIYTQSVISJ]SYVQIQSV]-J]SY[ERXXSwXQSVITMGXYVIWSR]SYVTLSRI]SYGEREPXIVXLITM\IPRYQFIVXSQEOIXLIwPIWM^IWQEPPIV4VIWW7IXXMRKWERHWIPIGX-QEKIWM^IJVSQXLIXSSPFEV 7IPIGXETM\IPZEPYIJVSQXLIWM\RYQIVMGEPSTXMSRW4VIWW3/XSWEZI]SYVGLERKIW:MI[MRK]SYVWEZIHTLSXSW =SYGEREGGIWW]SYVWEZIHTLSXSWJVSQ[MXLMRXLIGEQIVEQSHIERHEPWSJVSQXLI,SQIWGVIIR*VSQXLIZMI[wRHIVWMQTP]TVIWW%PFYQ*VSQXLI,SQIWGVIIRTVIWWXLIRWIPIGX1]WXYJJERH1]MQEKIW =SYVKEPPIV](S[RPSEHMQEKIERH(IJEYPXMQEKIWJSPHIV[MPPETTIEVSRWGVIIR 9WIXLIREZMKEXMSROI]WXSWIPIGXXLITLSXS]SY[ERXXSZMI[ERHWIPIGX:MI[XSSTIRMX7IXXMRKETLSXSEW;EPPTETIVSV'SRXEGXWMQEKI*VSQ]SYVMQEKIKEPPIV]YWIXLIREZMKEXMSROI]WXSWIPIGXERMQEKIERHGLSSWI3TXMSRWERH9WIEWXSYWIXLIWIPIGXIHMQEKIEW;EPPTETIV'SRXEGXWMQEKI7XEVXYTSV7LYXHS[R;LIR]SYWIXXLITLSXSEW4MGXYVI-(]SYGERGLSSWI[LMGLTEVXSJXLITLSXSXSYWI2SXI4MGXYVI-(GERSRP]FIEHHIHXSGSRXEGXWWEZIHXS]SYVTLSRIRSX]SYV7-1'EQIVE
:MHISGEQIVE7LSSXMRKEUYMGOZMHIS4VIWW ERHWIPIGX1YPXMQIHME 'LSSWI:MHISGEQIVE 4SMRXXLIGEQIVEPIRWXS[EVHWXLIWYFNIGXSJXLIZMHIS 4VIWW3/XSWXEVXVIGSVHMRK6IG[MPPETTIEVMRXLIFSXXSQVMKLXGSVRIVSJXLIZMI[wRHIVERHEXMQIV[MPPWLS[XLIPIRKXLSJ]SYVZMHIS 8STEYWIXLIZMHISWIPIGX4EYWIERHVIWYQIF]WIPIGXMRK6IWYQI 7IPIGX7XSTXSWXSTVIGSVHMRK&IJSVI]SYXEOI]SYVZMHIS:MHISW7IPIGXXSPSSOEXXLISXLIVZMHISGPMTWMR]SYVEPFYQ'EQIVE'SRZIVXJVSQZMHISGEQIVEQSHIXSWXMPPGEQIVEQSHI6IG7XEVXZMHISVIGSVHMRK>SSQ%HNYWXXLI^SSQYWMRK SV &VMKLXRIWW*VSQXSEXMRXIVZEPW8LILMKLIVXLIPIZIPXLIFVMKLXIVXLIWGVIIR%JXIV]SYtZIWLSX]SYVZMHIS8LIREQISJXLIZMHISMWWLS[REPSRKXLIFSXXSQSJXLIWGVIIRERHwZISTXMSRW[MPPFIHMWTPE]IHEXXLIFSXXSQSJXLIWGVIIR:MHISW7IPIGXXSPSSOEXXLISXLIVZMHISGPMTWMR]SYVEPFYQ=SYVGYVVIRXZMHISGPMT[MPPFIWEZIH4PE]7IPIGXXSTPE]XLIZMHIS]SYLEZINYWXVIGSVHIH2I[7IPIGXXSWLSSXERSXLIVZMHISWXVEMKLXE[E]=SYVGYVVIRXZMHIS[MPPFIWEZIH7IRH7IPIGXXSWIRHXLIZMHISEWE1IWWEKI)QEMPSV&PYIXSSXL7IITEKIJSV7IRHMRKEQIWWEKI(IPIXI(IPIXIXLIZMHIS]SYLEZINYWXVIGSVHIHERHGSRwVQF]WIPIGXMRK=IW8LIZMI[wRHIV[MPPVIETTIEV
0++9`9WIV+YMHI:MHISGEQIVE;EXGLMRK]SYVWEZIHZMHISW =SYGEREGGIWW]SYVWEZIHZMHISWIMXLIVJVSQ[MXLMRZMHISGEQIVEQSHISVJVSQXLI,SQIWGVIIR7MQTP]WIPIGX%PFYQ*VSQXLI,SQIWGVIIR]SYWLSYPHTVIWWXLIRWIPIGX1]WXYJJERH1]ZMHISW =SYVKEPPIV][MPPETTIEVSRWGVIIR 9WIXLIREZMKEXMSROI]WXSWIPIGXXLIZMHIS]SY[ERXXSZMI[ERHTVIWW OI]XS[EXGLMX
1YWMG1YWMGWXSVI=SYV0++9LEWEFYMPXMR14TPE]IVWS]SYGERTPE]EPP]SYVJEZSYVMXIQYWMG8SEGGIWWXLI14TPE]IVTVIWWERHWIPIGX1YWMG*VSQLIVI]SYLEZIEGGIWWXS0EWXTPE]IHWSRK=SYGERVITPE]XLIQYWMG[LMGL]SYVIGIRXP]PMWXIRIH%PPWSRKW'SRXEMRWEPPSJXLIWSRKW]SYLEZISR]SYVTLSRI1]TPE]PMWXW'SRXEMRWER]TPE]PMWXW]SYLEZIGVIEXIH%VXMWXW&VS[WIXLVSYKL]SYVQYWMGGSPPIGXMSRF]EVXMWX%PFYQW&VS[WIXLVSYKL]SYVQYWMGGSPPIGXMSRF]EPFYQ+IRVIW&VS[WIXLVSYKL]SYVQYWMGGSPPIGXMSRF]KIRVI7LYJJPIXVEGOW4PE]WXVEGOWMRVERHSQSVHIV8VERWJIVVMRKQYWMGSRXS]SYVTLSRI8LIIEWMIWX[E]XSXVERWJIVQYWMGSRXS]SYVTLSRIMWZME&PYIXSSXLSV]SYVW]RGGEFPI8SXVERWJIVQYWMGYWMRK&PYIXSSXL 1EOIWYVIFSXLHIZMGIWLEZI&PYIXSSXLW[MXGLIHSRERHEVIZMWMFPIXSSRIERSXLIV 7IPIGXXLIQYWMGwPISRXLISXLIVHIZMGIERHGLSSWIXSWIRHMXZME&PYIXSSXL ;LIRXLIwPIMWWIRX]SYWLSYPHXSEGGITXMXSR]SYVTLSRIF]WIPIGXMRK=IW  8LIwPIWLSYPHETTIEVMR%PPWSRKW2SXI%WEVIWYPXSJXLI(MKMXEP6MKLXW1EREKIQIRX(61W]WXIQWSQISJXLIQIHMEMXIQW]SYHS[RPSEHJVSQXLI-RXIVRIXSVVIGIMZIF]117QE]LEZIEq4YVGLEWIVMKLXrQIRYXSEGGIWWXLIQ=SYGEREGUYMVIXLIOI]XSTYVGLEWIXLIVMKLXJVSQXLI[IFWMXI[LMGLS[RWXLIVMKLXWXSXLIGSRXIRXW
0++9`9WIV+YMHI1YWMG1YWMGMWGST]VMKLXTVSXIGXIHMRMRXIVREXMSREPXVIEXMIWERHREXMSREPGST]VMKLXPE[W-XQE]FIRIGIWWEV]XSSFXEMRTIVQMWWMSRSVEPMGIRGIXSVITVSHYGISVGST]QYWMG-RWSQIGSYRXVMIWREXMSREPPE[TVSLMFMXWTVMZEXIGST]MRKSJGST]VMKLXIHQEXIVMEP4PIEWIGLIGOXLIREXMSREPPIKMWPEXMSRSJXLIETTPMGEFPIGSYRXV]GSRGIVRMRKXLIYWISJWYGLQEXIVMEP
9WMRKXLI:SMGIVIGSVHIV9WI]SYV:SMGIVIGSVHIVXSVIGSVHZSMGIQIQSWSVSXLIVWSYRHW6IGSVHMRK]SYVZSMGIQIQS4VIWWERHWIPIGX8SSPWXLIRGLSSWI:SMGIVIGSVHIV4VIWW OI] XSFIKMRVIGSVHMRK'LSSWI7XSTXSIRHXLIVIGSVHMRK4VIWW3TXMSRWERHWIPIGX4PE]XSPMWXIRXSXLIVIGSVHMRK2SXI=SYGERPMWXIRXSEPPSJXLIZSMGIVIGSVHMRKW]SYLEZIWEZIHF]WIPIGXMRK+SXS:SMGIVIGSVHMRKW7IRHMRKEZSMGIVIGSVHMRK 3RGI]SYLEZIwRMWLIHVIGSVHMRKWIPIGX3TXMSRW7IPIGX7IRHERHGLSSWIJVSQ1IWWEKI)QEMPERH&PYIXSSXL-J]SYGLSSWI1IWWEKISV)QEMPXLIVIGSVHMRK[MPPFIEHHIHXSXLIQIWWEKIERH]SYGER[VMXIERHWIRHMXEWRSVQEP-J]SYGLSSWI&PYIXSSXL]SY[MPPFITVSQTXIHXSXYVR&PYIXSSXLSR:SMGIVIGSVHIV
0++9`9WIV+YMHI1]WXYJJ=SYGERWXSVIER]QYPXMQIHMEwPIWMR]SYVTLSRIQIQSV]WSXLEX]SYLEZIIEW]EGGIWWXSEPPSJ]SYVTMGXYVIWWSYRHWZMHISWERHKEQIW=SYGEREPWSWEZI]SYVwPIWXSEQIQSV]GEVH8LIEHZERXEKISJYWMRKEQIQSV]GEVHMWXLEX]SYGERJVIIYTWTEGISR]SYVTLSRIQIQSV]%PP]SYVQYPXMQIHMEwPIWEVIWEZIHMR1]WXYJJ4VIWWXLIRWIPIGX1]WXYJJXSSTIREPMWXSJJSPHIVW-QEKIW-QEKIWGSRXEMRWEJSPHIVSJHIJEYPXMQEKIWERHHIJEYPXxEWLwPIWTVIPSEHIHSRXS]SYVTLSRIMQEKIWHS[RPSEHIHF]]SYERHMQEKIWXEOIRSR]SYVTLSRIGEQIVE4MGXYVIWSTXMSRWQIRY8LISTXMSRW[LMGLEVIEZEMPEFPIXS]SYMR-QEKIWHITIRHSR[LEXX]TISJMQEKI]SYLEZIWIPIGXIH-RXLI-QEKIWJSPHIVWIPIGX3TXMSRWXSFVMRKYTXLIJSPPS[MRKSTXMSRW(IPIXI(IPIXIXLIWIPIGXIHMQEKI7IXEW7IXXLIWIPIGXIHMQEKIEW]SYV;EPPTETIV4MGXYVI-(7XEVXYT7LYXHS[R-RGSQMRKGEPPERH3YXKSMRKGEPP6IREQI'LERKIXLIJMPIREQISJWIPIGXIHMQEKI1SZI8SQSZIMQEKIXSEHMJJIVIRXJSPHIV'ST]8SGST]MQEKIXSEHMJJIVIRXJSPHIV7IRHZME7IRHXLIWIPIGXIHMQEKIXSEJVMIRHZME1IWWEKI)QEMP&PYIXSSXL4VMRXZME&PYIXSSXL4VMRXERMQEKIwPIZME&PYIXSSXL*MPIMRJS6IREQI)HMXERHZMI[XLI*MPIMRJS2EQI7M^I(EXI6IWSPYXMSR8]TI4VSXIGXERH-RWXEPPSJXLIWIPIGXIHMQEKI1YPXMWIPIGXMSR7IPIGXSRISVQSVIMQEKIWXSHIPIXI7IEVGL7IEVGLXLIMQEKI[MXLw P I  R E Q I 
7SVXF]%VVERKI]SYVMQEKIWF](EXI8]TISV2EQI7PMHIWLS[;EXGLEWPMHIWLS[SJ]SYVMQEKIW+VMHZMI[0MWXZMI['LERKIXLI[E]]SYZMI[]SYVTLSXSW1IQSV]MRJS=SYGERZMI[XLIQIQSV]WXEXYW,ERHWIXQIQSV]SV)\XIVREPQIQSV](IPIXIEPP(IPIXIEPPMQEKIW7IRHMRKETLSXS4VIWWXLIRWIPIGX1]WXYJJ 7IPIGX-QEKIW 7IPIGXETLSXSERHGLSSWI3TXMSRW7IPIGX7IRHZMEERHGLSSWIJVSQ1IWWEKI)QEMP&PYIXSSXL -J]SYGLSSWI1IWWEKISV)QEMP]SYVTLSXS[MPPFIEXXEGLIHXSXLIQIWWEKIERH]SYGER[VMXIERHWIRH]SYVQIWWEKIEWRSVQEP-J]SYGLSSWI&PYIXSSXL]SY[MPPFITVSQTXIHXSXYVR&PYIXSSXLSRERH]SYVTLSRI[MPPWIEVGLJSVEHIZMGIXSWIRHXLITMGXYVIXS3VKERMWMRK]SYVMQEKIW4VIWWXLIRWIPIGX1]WXYJJ7IPIGX-QEKIW'LSSWI3TXMSRWXLIRWIPIGX7SVXF]'LSSWIJVSQ(EXI8]TISV2EQI(IPIXMRKERMQEKI4VIWWXLIRWIPIGX1]WXYJJ7IPIGX-QEKIW 7IPIGXERMQEKIERHTVIWW3TXMSRW7IPIGX(IPIXIERHGSRwVQF]TVIWWMRK=IW 
0++9`9WIV+YMHI'VIEXMRKEWPMHIWLS[-J]SY[ERXXSPSSOEXEPPSJXLIMQEKIWSR]SYVTLSRISVWGERXLVSYKL[LEX]SYtZIKSX]SYGERGVIEXIEWPMHIWLS[XSWEZILEZMRKXSSTIRERHGPSWIIEGLMRHMZMHYEPMQEKI4VIWWXLIRWIPIGX1]WXYJJ7IPIGX1]MQEKIW 'LSSWIXLITLSXS]SY[SYPHPMOIXSFIKMRXLIWPMHIWLS[ERHWIPIGX3TXMSRW'LSSWI7PMHIWLS[ERHMX[MPPFIKMR4VIWW7XSTXSWXSTXLIWPMHIWLS[ERH&EGOXSIRHXLIWPMHIWLS[ERHVIXYVRXSXLI1]MQEKIWJSPHIV(YVMRKXLIWPMHIWLS[TVIWW3TXMSRWXSGLSSWI*YPPWGVIIRZMI[ERH0ERHWGETIZMI[7IPIGX0ERHWGETIZMI[XSGLERKIXLISVMIRXEXMSRSJXLI4MGXYVIW7SYRHW8LI7SYRHWJSPHIVGSRXEMRWXLI(IJEYPXWSYRHW]SYV(S[RPSEHVMRKXSRIWERHWSYRHwPIWHS[RPSEHIHF]]SY*VSQLIVI]SYGERQEREKIWIRHSVWIXWSYRHWEWVMRKXSRIW9WMRKEWSYRH4VIWWXLIRWIPIGX1]WXYJJ 7GVSPPXSERHWIPIGX7SYRHW 7IPIGXEWSYRHERHTVIWW4PE]XSPMWXIRXSMX7IPIGX3TXMSRWWIPIGX9WIEWERHGLSSWIJVSQ6MRKXSRI1IWWEKIXSRI7XEVXYTERH7LYXHS[R:MHISW8LI1]ZMHISWJSPHIVWLS[WXLIPMWXSJHS[RPSEHIHZMHISWERHZMHISW]SYLEZIVIGSVHIHSR]SYVTLSRI1]WXYJJ
;EXGLMRKEZMHIS4VIWWXLIRWIPIGX1]WXYJJ 7GVSPPXSERHWIPIGX:MHISW 7IPIGXEZMHISERHTVIWW4PE]9WMRKSTXMSRW[LMPIZMHISMWTPE]IH&]WIPIGXMRK3TXMSRWXLIZMHIS]SYEVITPE]MRKERH]SYGERGLSSWIJVSQ(IPIXI(IPIXIXLIZMHIS7IXEW=SYGERYWIEZMHISGPMTEWVMRKXSRI7IRHZME7IRHZME1IWWEKI)QEMP&PYIXSSXL*MPIMRJS:MI[HIXEMPWSJXLIZMHIS0ERHWGETIZMI[6ISVMIRXEXIXLIZMHIS6ITIEX6ITIEXXLIZMHIS1YXI1YXIXLIWSYRH7IRHMRKEZMHISGPMT4VIWWXLIRWIPIGX1]WXYJJ 7GVSPPXSERHWIPIGX:MHISW 7IPIGXXLIZMHISGPMT]SY[ERXERHTVIWW3TXMSRW4VIWW7IRHERHGLSSWIJVSQ7IRH7IRHZME1IWWEKI)QEMP&PYIXSSXL -J]SYGLSSWI1IWWEKISV)QEMP]SYVZMHISGPMT[MPPFIEXXEGLIHXSXLIQIWWEKIERH]SYGER[VMXIERHWIRHXLIQIWWEKIEWRSVQEP-J]SYGLSSWI&PYIXSSXL]SY[MPPFITVSQTXIHXSXYVR&PYIXSSXLSRERH]SYVTLSRI[MPPWIEVGLJSVEHIZMGIXSWIRHXLIZMHISXS2SXI8LIZMHISQE]RIIHXSFIVIWM^IHFIJSVIMXGERFIWIRXF]1177SQIZMHISWQE]FIXSSPEVKIXSWIRHF]117EXEPP
0++9`9WIV+YMHI1]KEQIWETTW=SYGEROIITHS[RPSEHIHKEQIWERHETTPMGEXMSRWMRXSXLMWJSPHIV3XLIVW*VSQXLI3XLIVWQIRY]SYGERZMI[XLIwPIW[LMGLEVIRSXWEZIHMRXLI4MGXYVIW7SYRHWSV:MHISW1]WXYJJ
+EQIWETTW+EQIWETTW=SYV+9GSQIW[MXLTVIPSEHIHKEQIWXSOIIT]SYEQYWIH[LIR]SYLEZIXMQIXSWTEVI-J]SYGLSSWIXSHS[RPSEHER]EHHMXMSREPKEQIWSVETTPMGEXMSRWXLI][MPPFIWEZIHMRXSXLMWJSPHIV4PE]MRKEKEQI4VIWWERHWIPIGX+EQIWETTWERHXLIR1]KEQIWETTW =SYGERYWIXLMWQIRYXSHS[RPSEHRI[KEQIWERHTPE]XLIHIQSKEQIWEPVIEH]SR]SYVTLSRI2SXI%REHHMXMSREPGSWXMWMRGYVVIH[LIRGSRRIGXMRKXSXLIKEQIHS[RPSEHWIVZMGI'LIGO]SYVHEXEGLEVKIW[MXL]SYVRIX[SVOTVSZMHIV
0++9`9WIV+YMHI3VKERMWIV%HHMRKERIZIRXXS]SYVGEPIRHEV 4 V I W WERHWIPIGX3VKERMWIVXLIR'EPIRHEV 7IPIGXXLIHEXI]SY[SYPHPMOIXSEHHERIZIRXXS=SYGERGLSSWIEHEXIIMXLIVF]WGVSPPMRKXSMXYWMRKXLIREZMKEXMSROI]WSVF]WIPIGXMRK3TXMSRWERH+SXSHEXIMRSVHIVXSIRXIVEHEXI 7IPIGX2I[WGLIHYPIERHWGVSPPHS[RXSIRXIVXLIXMQI]SY[SYPHPMOI]SYVIZIRXXSFIKMR7GVSPPHS[RERHIRXIVXLIIRHXMQISJ]SYVIZIRX )RXIVE7YFNIGXJSVXLIIZIRX9WIXLIOI]TEHXSX]TIPIXXIVWERHRYQFIVW 7GVSPPHS[REKEMRERHGLSSWI[LIXLIV]SY[SYPHPMOIXSWIXER%PEVQJSVXLIIZIRX7GVSPPPIJXSVVMKLXXSWIIXLIEZEMPEFPISTXMSRW=SYGERWIXXLIEPEVQXSKSSJJEXXLIWXEVXMRKXMQISJXLIIZIRXSVEXEWIXTIVMSHSJXMQIFIJSVIXLIIZIRXWXEVXWXSVIQMRH]SYXLIIZIRXMWGSQMRKYT 7GVSPPHS[RSRGIQSVIXSWIPIGX[LIXLIVXLIIZIRXMWSGGYVVMRK2SXVITIEXIHSVVITIEXIHEX(EMP];IIOP]1SRXLP]SV%RRYEPP]MRXIVZEPW%PWS]SYGERGLSSWI9WIVWIXXMRK-JXLIIZIRXMWVITIEXIH]SYGEREPWSWGVSPPHS[RXSIRXIVER)\TMVEXMSRHEXIJSV[LIRXLIIZIRXW[MPPWXSTGSQTPIXIP]7IPIGX(SRIERH]SYVIZIRX[MPPFIWEZIHMRXLIGEPIRHEV%WUYEVIGYVWSV[MPPQEVOXLIHE]WSJER]WEZIHIZIRXW)HMXMRKEGEPIRHEVIZIRX *VSQXLI,SQIWGVIIRTVIWWERHWIPIGX3VKERMWIVXLIR'EPIRHEV =SYGERWIIEPMWXSJEPP]SYVIZIRXW7GVSPPXSXLIIZIRX]SY[SYPHPMOIXSIHMXERHWIPIGX:MI[4VIWW3TXMSRWERH7IPIGX)HMXERHWGVSPPXSXLIIZIRXHIXEMP]SY[ERXXSGLERKI1EOI]SYVQSHMwGEXMSRWERHWIPIGX(SRIXSWXSVIXLIIHMXIHIZIRX
2SXI=SYGERHIPIXIERIZIRXJVSQ]SYVGEPIRHEVF]ZMI[MRKXLIIZIRXERHXLIRTVIWWMRK3TXMSRWERH(IPIXI7LEVMRKEGEPIRHEVIZIRX *VSQXLI,SQIWGVIIRTVIWWERHWIPIGX3VKERMWIVXLIR'EPIRHEV 'LSSWIXLIIZIRX]SY[SYPHPMOIXSWLEVIERHWIPIGX3TXMSRW'LSSWI7IRHERHWIPIGXJVSQ8I\XQIWWEKI1YXMQIHMEQIWWEKI)QEMPSV&PYIXSSXL4VIWW7IRHERHWIEVGLEGSRXEGXTVIWW7IRH%HHMRK8SHSPMWX=SYGERZMI[IHMXERHEHHXEWOWXSHS8EWOWEVIHMWTPE]IHMRXMQISVHIV%HHMRKEQIQS *VSQXLI,SQIWGVIIRTVIWWERHWIPIGX3VKERMWIVXLIR1IQS 7IPIGX%HHERHX]TI]SYVQIQS 7IPIGX7EZI =SYVQIQS[MPPETTIEVSRWGVIIRXLIRI\XXMQI]SYSTIRXLIQIQSETTPMGEXMSR8-4=SYGERIHMXERI\MWXMRKQIQS7IPIGXXLISRI]SY[ERXXSIHMXTVIWW3TXMSRWERHWIPIGX)HMX(EXIwRHIV(EXIwRHIVMWELERH]XSSPXSLIPT]SYGEPGYPEXI[LEXXLIHEXI[MPPFIEJXIVEGIVXEMREQSYRXSJHE]WLEWTEWWIH
0++9`9WIV+YMHI8SSPW5YMGOQIRY=SYGERWTIGMJ]JYRGXMSRWXSWEZIMRXLI5YMGOQIRY-J]SYWEZIJVIUYIRXP]YWIHJYRGXMSRWMRXLI5YMGOQIRY]SYGERUYMGOP]YWIXLIQF]TVIWWMRKXLIGSVVIWTSRHMRKOI]7IXXMRK]SYVEPEVQ4VIWWERHWIPIGX%PEVQGPSGO4VIWW2I[EPEVQ 7GVSPPHS[RERHIRXIVXLIXMQI]SY[SYPHPMOIXLIEPEVQXSWSYRHEX 'LSSWIXLIVITIEXX]TIXSMRHMGEXI[LIXLIV]SY[SYPHPMOI]SYVEPEVQXSWSYRH3RGI(EMP]1SR*VM1SR7EX)\GITXLSPMHE]SV'LSSWI[IIOHE] 7GVSPPHS[RERHGLSSWI[LIXLIV]SY[SYPHPMOIXLIEPEVQX]TI 7GVSPPHS[RXSGLSSWIXLIMRXIVZEPSJEPEVQWRSS^I 7GVSPPHS[RERHIRXIVEREQIJSVXLIEPEVQSVOIITXLIWYKKIWXIHREQI7IPIGX(SRI9WMRK]SYVGEPGYPEXSV4VIWWERHWIPIGX8SSPWXLIR'EPGYPEXSV 4VIWWXLIRYQIVMGOI]WXSMRTYXRYQFIVW *SVWMQTPIGEPGYPEXMSRWWIPIGXXLIJYRGXMSR]SYVIUYMVIi»ÛYWMRKXLIREZMKEXMSROI]WJSPPS[IHF]! *SVQSVIGSQTPI\GEPGYPEXMSRWWIPIGX3TXMSRWXSGLSSWIEGSQQERH 7IPIGX'PIEVOI]XSGPIEVXLIWGVIIRERHWXEVXERI[GEPGYPEXMSR
9WMRKXLIWXST[EXGL4VIWW ERHWIPIGX8SSPWXLIR7XST[EXGL 7IPIGX7XEVXXSFIKMRXLIXMQIV'LSSWI0ETMJ[ERXXSVIGSVHEPETXMQI9TXSPETXMQIWGERFIWEZIH 7IPIGX7XSTXSIRHXLIXMQIV'LSSWI6IWYQIXSVIWXEVXXLIWXST[EXGLEXXLIXMQI]SYWXSTTIHMXEXSVWIPIGX6IWIXXSVIXYVRXS^IVS'SRZIVXMRKEYRMX4VIWWERHWIPIGX8SSPWXLIR'SRZIVXIV 'LSSWI[LIXLIV]SY[SYPHPMOIXSGSRZIVX'YVVIRG]7YVJEGI0IRKXL;IMKLX8IQTIVEXYVI:SPYQISV:IPSGMX] 7GVSPPPIJXERHVMKLXXSWIPIGXEYRMXXLIRWGVSPPHS[RERHIRXIVXLIYRMXUYERXMX] 7GVSPPHS[RXSXLIYRMXGSRZIVWMSRFS\ERHGLSSWIXLIYRMXQIEWYVIQIRX]SY[ERXXSGSRZIVXMRXS8LIGSRZIVWMSR[MPPWLS[EYXSQEXMGEPP]MRXLIPMRIFIPS[2SXI*SV'YVVIRG]GSRZIVX]SYRIIHXSWIXs6EXItEGGSVHMRKXSGYVVIRX)\GLERKIVEXIwVWX%HHMRKEGMX]XS]SYV;SVPHXMQI *VSQXLI,SQIWGVIIRTVIWWERHWIPIGX8SSPWXLIR;SVPHGPSGO 8SwRHSYXXLIXMQISJWTIGMwGGMX]TVIWW3TXMSRWERHWIPIGX%HHGMX] 7GVSPPHS[RXLIPMWXSVIRXIVXLIwVWXPIXXIVSJXLIGMX]%PWS]SYGERWIPIGX1ETERHGLSSWIEGMX] 4VIWW7IPIGX8-4=SYGERWIPIGXXLIwVWXPIXXIVSJXLIGMX]VIUYMVIHJVSQXLIOI]TEHXSWTIIHYTXLITVSGIWW
0++9`9WIV+YMHI&VS[WIV;MXLEFVS[WIVEXXLIXMTSJ]SYVwRKIVW]SYGERKIXYTXSHEXIRI[WERH[IEXLIVJSVIGEWXWEW[IPPEWMRJSVQEXMSRSRWTSVXWSVXVEJwG[LIRIZIV]SYRIIHMX-REHHMXMSRXLIFVS[WIVEPPS[W]SYXSHS[RPSEHXLIPEXIWXQYWMGVMRKXSRIW[EPPTETIVWERHKEQIW%GGIWWMRKXLI[IF4VIWWERHWIPIGX&VS[WIV 8SEGGIWWXLIFVS[WIVLSQITEKIHMVIGXP]WIPIGX&VS[WIV2SXI%REHHMXMSREPGSWXMWMRGYVVIH[LIRGSRRIGXMRKXSXLMWWIVZMGIERHHS[RPSEHMRKGSRXIRX'LIGO]SYVHEXEGLEVKIW[MXL]SYVRIX[SVOTVSZMHIV%HHMRKERHEGGIWWMRK]SYVFSSOQEVOW*SVIEW]ERHJEWXEGGIWWXS]SYVJEZSYVMXI[IFWMXIW]SYGEREHHFSSOQEVOWERHWEZI[IFTEKIW4VIWWERHWIPIGX&VS[WIV7IPIGX&SSOQEVOW%PMWXSJ]SYVFSSOQEVOW[MPPETTIEVSRXLIWGVIIR 8SEHHERI[FSSOQEVOWIPIGX3TXMSRWERHGLSSWI%HHRI[)RXIVEREQIJSV]SYVFSSOQEVOJSPPS[IHF]XLI9604VIWW(SRI=SYVFSSOQEVO[MPPRS[ETTIEVMRXLIPMWXSJFSSOQEVOW 8SEGGIWWXLIFSSOQEVOWMQTP]WGVSPPXSXLIVIUYMVIHFSSOQEVOERHWIPIGX3TIR=SY[MPPFIGSRRIGXIHXS]SYVFSSOQEVOIHTEKI
677VIEHIV677VIEHIVTVSZMHIWRI[WYTHEXIWJSVXLI[IFWMXIWVIKMWXIVIHSR]SYVTLSRI7EZMRKETEKI %GGIWW]SYVVIUYMVIH[IFTEKI'LSSWI3TXMSRWERHWGVSPPXS7EZIWIPIGX8LMWTEKI7IPIGX3/%GGIWWMRKEWEZIHTEKI4VIWWERHWIPIGX&VS[WIV7IPIGX7EZIHTEKIW 7IPIGXXLIVIUYMVIHTEKIERHTVIWW3TIR8-48LMWQIRY[MPPEPWSEPPS[]SYXSHIPIXIWEZIHTEKIW:MI[MRK]SYVFVS[WIVLMWXSV]4VIWWERHWIPIGX&VS[WIV7IPIGX,MWXSV]ERHWIPIGX3/ %PMWXSJ[IFTEKIXMXPIW]SYLEZIEGGIWWIHVIGIRXP][MPPFIHMWTPE]IH8SEGGIWWSRISJXLIWITEKIWWGVSPPXSXLIVIUYMVIHTEKIERHWIPIGX3TIR'LERKMRKXLI[IFFVS[WIVWIXXMRKW4VIWWERHWIPIGX&VS[WIV7IPIGX7IXXMRKW =SYGERGLSSWIXLI[E]]SYVQSFMPILERHPIWHMWTPE]WERHYWIWMRJSVQEXMSR[LIRFVS[WMRKXLIMRXIVRIX=SYGEREQIRHWIXXMRKW[MXLMR4VSJMPIW%TTIEVERGIWIXXMRKW'EGLI'SSOMIW7IGYVMX]ERH6IWIXWIXXMRKW 3RGI]SYLEZIGLERKIH]SYVWIXXMRKWTVIWW7IPIGX
0++9`9WIV+YMHI7IXXMRKW;MXLMRXLMWJSPHIV]SYGEREHETX]SYVWIXXMRKWXSQEOI]SYV+9TIVWSREPXS]SY2SXI*SVMRJSVQEXMSRSRGEPPWIXXMRKWWIITEKI'LERKMRK]SYVTVSwPIW'LSSWI7IXXMRKWERHGLSSWI4VSJMPIW'LSSWIJVSQ2SVQEP7MPIRX3YXHSSVERH*PMKLXQSHI8MT9WIXLMWJYRGXMSRXSW[MXGLXLIxMKLXQSHI3RSV3JJ=SY[MPPRSXFIEFPIXSQEOIGEPPWGSRRIGXXSXLIMRXIVRIXSVWIRHQIWWEKIW[LIR*PMKLXQSHIMWW[MXGLIH3R'YWXSQMWMRK]SYVTVSwPIW=SYGERGYWXSQMWIIEGLTVSwPIWIXXMRK4VIWW7IXXMRKWERHWIPIGX4VSJMPIW 'LSSWIXLITVSwPI]SY[ERXWIPIGX3TXMSRWERHGLSSWI)HMX =SYGERGLERKIEPPSJXLIXSRIWMXWZSPYQIWERHEPIVXSTXMSRWJVSQLIVI'LERKMRK]SYVHEXIXMQI=SYGERWIXJYRGXMSRWVIPEXMRKXSXLIHEXIERHXMQI4VIWWERHSTIR7IXXMRKW7IPIGX(EXI8MQIERHGLSSWIJVSQXLIPMWXFIPS[(EXIXMQIWIXXMRK=SYGERWIXXLIHEXIERHXMQIPMOIEYXSYTHEXIWIXXMRKSVHE]PMKLXWEZMRK8MQIJSVQEX=SYGERIRXIVXLIGYVVIRXXMQI=SYGERWIXXLIXMQIJSVQEXXSIMXLIVLSYVWSVLSYVW=SYGERWIPIGXEGMX]EWXMQI^SRI(EXIWITIVEXSV=SYGERIRXIVXLIGYVVIRXHEXI=SYGERWIXXLIHEXIJSVQEX====11((((11====11((====2SXI7IPIGX3RERHXLITLSRI[MPPEYXSQEXMGEPP]YTHEXIXLIHEXIERHXMQI
2SXI7IPIGX[LIXLIVXSEGXMZEXIXLIHE]PMKLXWEZMRKJYRGXMSRSVRSX=SYGERWIXXLI7YQQIVXMQIHMJJIVIRGISJWIPIGXIHLSQIGMX]JSVLSYVSVLSYVW(EXIWITEVEXSV7IXXLIHMWTPE]SJIEGLHEXIHE]QSRXLERH]IEV'LERKMRKXLIPERKYEKI+SXS7IXXMRKWWIPIGX4LSRIERHGLSSWI0ERKYEKIXSGLERKIXLIPERKYEKIJSVER]XI\XMR]SYVTLSRI%R]GLERKI[MPPEPWSEPXIVXLIPERKYEKIMRTYXQSHI'LERKMRK]SYVWIGYVMX]WIXXMRKW'LERKI]SYVWIGYVMX]WIXXMRKWXSOIIT]SYV+9ERHXLIMQTSVXERXMRJSVQEXMSRMXLSPHWTVSXIGXIH4VIWWERHSTIR7IXXMRKW7IPIGX7IGYVMX]ERHGLSSWIJVSQXLIPMWXFIPS[,ERHWIXPSGO'LSSWIEWIGYVMX]GSHIXSPSGO]SYVTLSRI;LIRW[MXGLMRKSR-J7-1GLERKIH-QQIHMEXI2SRI0SGOETTPMGEXMSR'LSSWIXLIQIRYXSPSGO[LIR]SYYWIXLIJYRGXMSR4-2GSHIVIUYIWX'LSSWIE4-2GSHIXSFIVIUYIWXIH[LIR]SYXYVR]SYVTLSRISR'LERKIGSHIW'LERKI]SYV4-2GSHI4-2GSHISV7IGYVMX]GSHI2SXI7IGYVMX]GSHIXSHMKMXW8LIWIGYVMX]GSHITVSXIGXWXLIYREYXLSVM^IHYWISJ]SYVTLSRI-XMWYWYEPP]WYTTPMIH[MXLXLITLSRI8LMWGSHIMWVIUYMVIHXSHIPIXIEPPTLSRIIRXVMIWERHXSEGXMZEXIq6IWIXWIXXMRKWrQIRY8LIHIJEYPXRYQFIVMWqr'LERKMRK]SYVHMWTPE]WIXXMRKW4VIWWERHWIPIGX7IXXMRKW7IPIGX7GVIIRERHGLSSWIJVSQ,SQIWGVIIR7IPIGX,SQIWGVIIRERHGLSSWIE[EPPTETIVXSETTIEVSR]SYVWGVIIR%PWS]SYGERWIXHMWTPE]MXIQW'PSGOX]TIERH'PSGOJSRXGSPSYV
0++9`9WIV+YMHI,ERHWIXXLIQI5YMGOP]GLERKIXLI[LSPIPSSOSJ]SYVWGVIIR1IRYWX]PI'LERKIXLIQIRYZMI[JVSQ0MWXWX]PIXS+VMHWX]PI*SRX'LERKIXLIJSRXWM^IJVSQ7QEPP2SVQEPERH0EVKI+VIIXMRK1IWWEKI%JXIVWIPIGXMRK3R]SYGER[VMXIE[IPGSQIQIWWEKI8LIQIWWEKI[MPPETTIEVSRWGVIIR[LIRIZIV]SYWXEVXYTXLITLSRI&EGOPMKLX'LSSWILS[PSRKXLIFEGOPMKLXVIQEMRWSR%PWS9WIXLIREZMKEXMSROI]WXSEHNYWXXLI1EMRWGVIIRFVMKLXRIWW'LSSWIJVSQSVXLIRWIPIGX(SRIXSWEZI]SYVGLERKI8-48LIPSRKIVXLIFEGOPMKLXMWSRJSVXLIQSVIFEXXIV]TS[IVMWYWIHERH]SYQE]RIIHXSGLEVKI]SYVTLSRIQSVISJXIR3XLIVWGVIIRW7IXXLIXLIWGVIIR[LIRQEOMRKSVVIGIMZMRKEGEPPSVW[MXGLMRKSRSJJXLITLSRI6IWIXXMRK]SYVTLSRI9WI6IWIXWIXXMRKWMR7IXXMRKWXSVIWIXEPPXLIWIXXMRKWXSXLIJEGXSV]HIwRMXMSRW=SYRIIHXLIWIGYVMX]GSHIXSEGXMZEXIXLMWJYRGXMSR:MI[MRKQIQSV]WXEXYW=SYV+9LEWXLVIIQIQSVMIWEZEMPEFPIXLITLSRIXLI97-1GEVHERHERI\XIVREPQIQSV]GEVH]SYQE]RIIHXSTYVGLEWIXLIQIQSV]GEVHWITEVEXIP]=SYGERYWIXLIQIQSV]QEREKIVXSHIXIVQMRILS[IEGLQIQSV]MWYWIHERHWIILS[QYGLWTEGIMWEZEMPEFPI4VIWW7IXXMRKWERHGLSSWI1IQSV]MRJSERH]SY[MPPXLIRWIIXLIGYVVIRXWXEXYWSJXLIQIQSVMIW9WIVQIQSV]9WIVVIWIVZIHQIQSV]7-1QIQSV]ERH)\XIVREPQIQSV]MR]SYV+97IXXMRKW
'SRRIGXMZMX]'LERKMRK]SYVGSRRIGXMZMX]WIXXMRKW=SYVGSRRIGXMZMX]WIXXMRKWLEZIEPVIEH]FIIRWIXYTF]]SYVRIX[SVOSTIVEXSVWS]SYGERIRNS]]SYVRI[TLSRIWXVEMKLXE[E]-J]SY[ERXXSGLERKIER]WIXXMRKWYWIXLMWQIRY7IPIGX'SRRIGXMZMX]=SYVSTXMSRWEVI&PYIXSSXL7IXYT]SYV+9JSV&PYIXSSXLYWI=SYGEREHETX]SYVZMWMFMPMX]XSSXLIVHIZMGIWSVWIEVGLXLVSYKLHIZMGIW]SYVTLSRIMWTEMVIH[MXL97&GSRRIGXMSR=SYGERWIPIGXXLI97&GSRRIGXMSRQSHISR]SYVTLSRIJSVWIZIVEPYWIW2IX[SVO=SYGERWIX7IPIGXRIX[SVOERH2IX[SVOQSHIWIXXMRKWYWMRKXLMWQIRY%PWS]SYGEREHHETVIJIVEFPIRIX[SVOXSFIGSRRIGXIHXS4VIJIVVIHPMWXW-RXIVRIXTVSJMPIW8LMWQIRYWLS[WXLI-RXIVRIXTVSwPIW=SYGERGVIEXIRI[TVSwPIWHIPIXISVIHMXXLIQYWMRKXLI3TXMSRWQIRY,S[IZIV]SYGERRSXHIPIXISVIHMXHIJEYPXGSRwKYVEXMSRW%GGIWWTSMRXW8LMWQIRYWLS[WXLIEGGIWWTSMRXWPMWX=SYGERGVIEXIRI[TVSwPIWHIPIXISVIHMXXLIQF]YWMRKXLI3TXMSRWQIRY,S[IZIV]SYGERRSXHIPIXISVIHMXHIJEYPXGSRwKYVEXMSRW4EGOIX(EXE'SRR-J]SYWIPIGXXLIs;LIREZEMPEFPItSTXMSR]SYVTLSRIMWEYXSQEXMGEPP]VIKMWXIVIHXSE+467RIX[SVO[LIR]SYW[MXGLXLITLSRISR-J]SYWIPIGXq;LIRRIIHIHrXLI+467GSRRIGXMSRMWIWXEFPMWLIHJSVXLIHYVEXMSRSJE;%4SVETTPMGEXMSRGSRRIGXMSR&VS[WIVWIXXMRK7IXXLIZEPYIWVIPEXIHXSXLIFVS[WIV7XVIEQMRKWIXXMRKW=SYVRIX[SVOSTIVEXSVLEWEPVIEH]WEZIHXLMWMRJSVQEXMSR=SYGERIHMXMXMJ]SY[ERXXSQEOIGLERKIW
0++9`9WIV+YMHI'SRRIGXMZMX]'LERKMRK]SYV&PYIXSSXLWIXXMRKW7IPIGX'SRRIGXMZMX]XLIRGLSSWI&PYIXSSXL'LSSWI7IXXMRKW1EOI]SYVGLERKIWXS1]HIZMGIZMWMFMPMX]7IX?1]HIZMGIZMWMFMPMX]A?:MWMFPIAWSXLEXSXLIVHIZMGIWGERHIXIGX]SYVTLSRI[LIRXLI]EVIWIEVGLMRKJSVE&PYIXSSXLHIZMGI-J]SYWIPIGX,MHHIRSXLIVHIZMGIW[MPPRSXFIEFPIXSHIXIGX]SYVTLSRI[LIRXLI]EVIWIEVGLMRKJSVE&PYIXSSXLHIZMGI1]HIZMGIREQI=SYGERREQISVVIREQI]SYVTLSRIEWMX[MPPETTIEVSRSXLIVHIZMGIW=SYVTLSRItWREQI[MPPFIWLS[RSRSXLIVHIZMGIWSRP][LIR1]HIZMGIZMWMFMPMX]MWWIXXS:MWMFPI7YTTSVXIHWIVZMGIW=SYGERZMI[XLIPMWXSJHIZMGIWWYGLEWLIEHWIXWERHLERHWJVIIWYTTSVXIHF]XLMW&PYIXSSXLIREFPIHTLSRI1]EHHVIWW'LIGO]SYV&PYIXSSXLEHHVIWWLIVI2SXI8SMQTVSZIWIGYVMX][IVIGSQQIRHXLEXSRGI]SYLEZIGSRwKYVIHSVTEMVIH[MXLEHIZMGI:MWMFMPMX]FIWIXXS,MHHIR*SVMRGSQMRKGSRRIGXMSRWVIKEVHPIWWSJ[LIXLIVSVRSXXLISXLIVHIZMGILEWFIIRTEMVIH[MXL]SYVTLSRI]SYGERGLSSWIXSEGGITXSVVINIGXXLIGSRRIGXMSR4EMVMRK[MXLERSXLIV&PYIXSSXLHIZMGI&]TEMVMRK]SYV+9ERHERSXLIVHIZMGI]SYGERWIXYTETEWWGSHITVSXIGXIHGSRRIGXMSR8LMWQIERW]SYVTEMVMRKMWQSVIWIGYVI 'LIGO]SYV&PYIXSSXLMW8YVRSRERH:MWMFPI=SYGERGLERKI]SYVZMWMFMPMX]MRXLI7IXXMRKWQIRYF]WIPIGXMRK1]HIZMGIZMWMFMPMX]XLIR:MWMFPI *VSQ&PYIXSSXLGLSSWI8YVRSRERH7IPIGX7IEVGLRI[HIZMGI
 =SYV+9[MPPWIEVGLJSVHIZMGIW;LIRXLIWIEVGLMWGSQTPIXIH%HHERH6IJVIWL[MPPETTIEVSRWGVIIR 'LSSWIXLIHIZMGI]SY[ERXXSTEMV[MXLWIPIGX%HHERHIRXIVETEWWGSHIXLIRGLSSWI3/ =SYVTLSRI[MPPXLIRGSRRIGXXSXLISXLIVHIZMGISR[LMGL]SYWLSYPHIRXIVXLIWEQITEWWGSHI =SYVTEWWGSHITVSXIGXIH&PYIXSSXLGSRRIGXMSRMWRS[VIEH]9WMRKE&PYIXSSXLLIEHWIX 'LIGO]SYV&PYIXSSXLMW3RERH:MWMFPI *SPPS[XLIMRWXVYGXMSRWXLEXGEQI[MXL]SYVLIEHWIXXSTPEGIMXMRTEMVMRKQSHIERHTEMV]SYVHIZMGIW =SYV+9[MPPXLIREYXSQEXMGEPP]GSRRIGXXS]SYV&PYIXSSXLLIEHWIXERHW[MXGLXSLIEHWIXTVSwPI8VERWJIVVMRKEwPIXS]SYVTLSRI=SYGEREPWSXVERWJIVwPIWJVSQ]SYVGSQTYXIVXS]SYVTLSRIYWMRK&PYIXSSXL 1EOIWYVI]SYVTLSRIERHGSQTYXIVLEZI&PYIXSSXLW[MXGLIHSRERHEVIZMWMFPIXSSRIERSXLIV 9WI]SYVGSQTYXIVXSWIRHXLIwPIZME&PYIXSSXL ;LIRXLIwPIMWWIRX]SY[MPPLEZIXSEGGITXMXSR]SYVTLSRIF]WIPIGXMRK=IW 2SXI*MPIWWIRXYWMRK&PYIXSSXL[MPPFIWEZIHXSXLITLSRIQIQSV]
0++9`9WIV+YMHI7IRHMRKERHVIGIMZMRK]SYVwPIWYWMRK&PYIXSSXL&PYIXSSXLMWEKVIEX[E]XSWIRHERHVIGIMZIwPIWEWRS[MVIWEVIRIIHIHERHGSRRIGXMSRMWUYMGOERHIEW]=SYGEREPWSGSRRIGXXSE&PYIXSSXLLIEHWIXXSQEOIERHVIGIMZIGEPPW&IJSVI]SYGERWXEVXWLEVMRKwPIWYWMRK&PYIXSSXL]SY[MPPRIIHXSTEMV]SYVTLSRI[MXLERSXLIV&PYIXSSXLHIZMGI*SVMRJSVQEXMSRSRTEMVMRKHIZMGIWWII4EMVMRK[MXLERSXLIV&PYIXSSXLHIZMGI8SW[MXGL&PYIXSSXLSR7IPIGX'SRRIGXMZMX]XLIRGLSSWI&PYIXSSXL7IPIGX8YVRSR7IPIGX3JJXSW[MXGL&PYIXSSXLSJJ8SWIRHEJMPI 3TIRXLIwPI]SY[ERXXSWIRHX]TMGEPP]XLMW[MPPFIETLSXSZMHISSVQYWMGwPI7IPIGX3TXMSRWERHGLSSWI7IRHXLIR&PYIXSSXL7IPIGX=IWXSXYVR&PYIXSSXLSRMJMXMWRSXEPVIEH]EGXMZEXIH =SYV+9[MPPEYXSQEXMGEPP]WIEVGLJSVSXLIV&PYIXSSXLIREFPIHHIZMGIW[MXLMRVERKI 'LSSWIXLIHIZMGI]SY[ERXXSWIRHXLIwPIXSERHWIPIGX7IRH8SVIGIMZIEJMPI 8SVIGIMZIwPIW]SYV&PYIXSSXLQYWXFIFSXL8YVRSRERH:MWMFPI %QIWWEKI[MPPTVSQTX]SYXSEGGITXXLIwPIJVSQXLIWIRHIV7IPIGX=IWXSVIGIMZIXLIwPI8-4/IITERI]ISRXLITVSKVIWWFEVXSQEOIWYVI]SYVwPIMWWIRX2SXI8LI&PYIXSSXL[SVHQEVOERHPSKSWEVIS[RIHF]XLI&PYIXSSXL7-+-RGERHER]YWISJWYGLQEVOWF]0+)PIGXVSRMGWMWYRHIVPMGIRGI3XLIVXVEHIQEVOWERHXVEHIREQIWEVIXLSWISJXLIMVVIWTIGXMZIS[RIVW'SRRIGXMZMX]
97&GSRRIGXMSRQSHI=SYGERWIPIGXXLI97&GSRRIGXMSRQSHISR]SYVTLSRIJSVWIZIVEPYWIW%P[E]WEWOQSHI-J]SYWIXXLIq%WOEP[E]WrEWHIJEYPXXLITLSRI[MPPEP[E]WTVSQTX]SYXSWIPIGXEX]TISJ97&GSRRIGXMSRQSHIIEGLXMQI]SYGSRRIGXXLITLSRIXSE4'ZMEXLIHEXEGEFPI-J]SYHMWEFPIXLIq%WOEP[E]WrXLIGSRRIGXMSRQSHI[MPPFIXLISRI]SYLEZIQERYEPP]WIXMR1IRY7IXXMRKW'SRRIGXMZMX]97&'SRRIGXMSRERHSRISJXLISTXMSRW-RXIVRIX1EWWWXSVEKI4'7YMXISV1YWMGW]RG4'-RXIVRIX9WI]SYVTLSRIEWEQSHIQ.YWXTPYKMRXLI97&GEFPIXLIRYWI]SYVTLSRIXSQEOIEJEWXMRXIVRIXGSRRIGXMSR;%62-2+*MVWXQEOIWYVI]SYLEZIEWYMXEFPIXEVMJJ3XLIV[MWIMJ]SYHS[RPSEHPEVKIEQSYRXWSJHEXEiWYGLEWQYWMGSVZMHISi]SYQE]MRGYVLMKLGLEVKIW %XXEGLXLI97&GEFPIXSXLIHIZMGI 7IPIGX4'-RXIVRIXJVSQXLITSTYTQIRYMRXLIHIZMGI =SYGERRS[YWI]SYV[IFFVS[WIVERHIQEMPTVSKVEQWEWRSVQEP;LIR]SYtZIwRMWLIHGPMGO(MWGSRRIGX 8SGSRRIGXXSXLIMRXIVRIXXLIRI\XXMQINYWXTPYKMRXLIGEFPIXLIWSJX[EVI[MPPWXEVXEYXSQEXMGEPP]ERH]SYtPPFIVIEH]XSKS
0++9`9WIV+YMHI1EWWWXSVEKI9WI]SYVTLSRIEWEQEWWWXSVEKIHIZMGI=SYV+9GERFIYWIHEWEQEWWWXSVEKIHIZMGINYWXPMOIE97&WXMGO8LMWMWEKVIEX[E]SJQSZMRK]SYVwPIWJVSQ]SYVGSQTYXIVXS]SYVTLSRI-J]SYtZIMRWIVXIHEQIQSV]GEVH[LIRGSRRIGXMRKEW1EWWWXSVEKIXLITLSRI[MPPFIHMWTPE]IHERHI\XIVREPQIQSV] %XXEGLXLI97&GEFPIXSXLIHIZMGI 7IPIGX1EWWWXSVEKIJVSQXLITSTYTQIRYMRXLIHIZMGI %VIQSZEFPIHMWOJSPHIV[MPPSTIREYXSQEXMGEPP]SR]SYVGSQTYXIVX[SMJ]SYLEZIEQIQSV]GEVHMRWIVXIHWLS[MRKEPPXLIJSPHIVWSR]SYVTLSRISVQIQSV]GEVH (VEKERHHVST]SYVTLSXSWZMHISWQYWMGSVHSGYQIRXWMRXSXLIGSVVIGXJSPHIVW 7EJIP]VIQSZI]SYVTLSRIF]GPMGOMRKSRXLI7EJIP]VIQSZILEVH[EVIMGSRMR]SYVHIWOXSTXSSPFEV2SXI8LMWJYRGXMSRMWRSXEZEMPEFPIJSV1EGMRXSWLGSQTYXIV4'WYMXI7]RGLVSRMWI]SYVTLSRI[MXL]SYV4'=SYGERW]RGLVSRMWI]SYVTLSRI[MXL]SYV4'XSQEOIWYVIEPP]SYVMQTSVXERXHIXEMPWERHHEXIWQEXGLFYXEPWSXSFEGOYT]SYVwPIWXSTYX]SYVQMRHEXIEWI'SRRIGXMZMX]
-RWXEPPMRK0+4'7YMXISR]SYVGSQTYXIV +SXS[[[PKQSFMPIGSQERHGLSSWI%WME4EGMwGwVWXERHXLIR]SYVGSYRXV] 'LSSWI4VSHYGXWQIRYWIPIGX1ERYEP7SJX[EVIERHGPMGO+SXS1ERYEP7;HS[RPSEHWIGXMSR'PMGO=IWERH0+4'7YMXIMRWXEPPIV[MPPXLIRETTIEV;MRHS[W<4;MRHS[W1IHME4PE]IVERHQSVI 7IPIGXXLIPERKYEKI]SY[SYPHPMOIXLIMRWXEPPIVXSVYRMRERHGPMGO3/ *SPPS[XLIMRWXVYGXMSRWSRWGVIIRXSGSQTPIXIXLI0+4'7YMXI-RWXEPPIV[M^EVH 3RGIMRWXEPPEXMSRMWGSQTPIXIXLI0+4'7YMXIMGSR[MPPETTIEVSR]SYVHIWOXST'SRRIGXMRK]SYVTLSRIERH4' 'SRRIGXXLI97&GEFPIXS]SYVTLSRIERH]SYV4' 7IPIGX4'-RXIVRIXJVSQXLITSTYTQIRYMRXLIHIZMGI (SYFPIGPMGOSRXLI0+4'7YMXIMGSRSR]SYVHIWOXST 'PMGOSR'SRRIGXMSR;M^EVHXLIR97& 'PMGOSR2I\XXLIR2I\XEKEMRXLIR*MRMWL=SYVTLSRIERH4'EVIRS[GSRRIGXIH&EGOMRKYTERHVIWXSVMRK]SYVTLSRItWMRJSVQEXMSR %XXEGLXLI97&GEFPIXSXLIHIZMGIERHWIPIGXXLI4'7YMXISRXLIWGVIIR 'PMGOSRXLI&EGOYTMGSRERHWIPIGX&EGOYTSV6IWXSVI 1EVOXLIGSRXIRXW]SY[SYPHPMOIXSFEGOYTSVVIWXSVI7IPIGXXLIPSGEXMSR]SY[SYPHPMOIXSFEGOYTMRJSVQEXMSRXSSVVIWXSVIMRJSVQEXMSRJVSQ'PMGO3/ =SYVMRJSVQEXMSR[MPPFIFEGOIHYT
0++9`9WIV+YMHI'SRRIGXMZMX]:MI[MRK]SYVTLSRIJMPIWSR]SYV4' %XXEGLXLI97&GEFPIXSXLIHIZMGIERHWIPIGXXLI4'7YMXISRXLIWGVIIR 'PMGOSRXLI'SRXIRXWMGSR %PPSJXLIHSGYQIRXWxEWLGSRXIRXWMQEKIWWSYRHWERHZMHISW]SYLEZIWEZIHSRXS]SYVTLSRI[MPPFIHMWTPE]IHSRXLIWGVIIRMRXLI0+4LSRIJSPHIV8-4:MI[MRKXLIGSRXIRXWSJ]SYVTLSRISR]SYV4'LIPTW]SYXSEVVERKIwPIWSVKERMWIHSGYQIRXWERHVIQSZIGSRXIRXW]SYRSPSRKIVRIIH7]RGLVSRMWMRK]SYVGSRXEGXW %XXEGLXLI97&GEFPIXSXLIHIZMGIERHWIPIGXXLI4'7YMXISRXLITLSRIWGVIIR 'PMGOSRXLI'SRXEGXWMGSR =SYV4'[MPPRS[MQTSVXERHHMWTPE]EPPGSRXEGXWWEZIHXS]SYV97-1GEVHERHLERHWIX 'PMGOSR*MPIERHWIPIGX7EZI=SYGERRS[WIPIGX[LIVI]SY[SYPHPMOIXSWEZI]SYVGSRXEGXWXS2SXI8SFEGOYTGSRXEGXWWEZIHXS]SYV97-1GEVHGPMGOSRXLI7-1GEVHJSPHIVSRXLIPIJXWMHISJ]SYV4'WGVIIR7IPIGX)HMXEXXLIXSTSJXLIWGVIIRXLIR7IPIGXEPP6MKLXGPMGO]SYVGSRXEGXWERHWIPIGX'ST]XSGSRXEGX2S[GPMGOSRXLI,ERHWIXJSPHIVSRXLIPIJXSJ]SYVWGVIIRERHEPP]SYVRYQFIVW[MPPFIHMWTPE]IH7]RGLVSRMWMRK]SYVQIWWEKIW %XXEGLXLI97&GEFPIXSXLIHIZMGIERHWIPIGXXLI4'7YMXISRXLIWGVIIR 'PMGOSRXLI1IWWEKIWMGSR %PPSJ]SYV4'ERHTLSRIQIWWEKIW[MPPFIHMWTPE]IHMRJSPHIVWSR]SYVWGVIIR 9WIXLIXSSPFEVEXXLIXSTSJ]SYVWGVIIRXSIHMXERHVIEVVERKIQIWWEKIW
4LSRI7SJX[EVIYTHEXI0+1SFMPI4LSRI7SJX[EVIYTKVEHISR[IFWMXI*SVQSVIMRJSVQEXMSRERHYWMRKXLMWJYRGXMSR4PIEWIZMWMX0+QSFMPIGSQWMXITEXLLXXT[[[PKQSFMPIGSQWIPIGXGSYRXV]1ERYEPWSJX[EVIFERRIV8LMW*IEXYVIEPPS[W]SYXSYTKVEHI]SYVWSJX[EVIXSXLIPEXIWXZIVWMSRERHGSRZIRMIRXP]SRXLIMRXIVRIX[MXLSYXRIIHMRKXSZMWMXSYVWIVZMGIGIRXIV%WXLIQSFMPITLSRIWSJX[EVIYTKVEHIVIUYMVIWXLIYWIVtWJYPPEXXIRXMSRJSVXLIHYVEXMSRSJXLIYTKVEHITVSGIWWTPIEWIFIWYVIXSGLIGOER]MRWXVYGXMSRWERHRSXIWXLEXETTIEVEXIEGLWXITFIJSVITVSGIIHMRK4PIEWIRSXIXLEXVIQSZMRKXLI97&HEXEGSQQYRMGEXMSRGEFPISVFEXXIV]HYVMRKXLIYTKVEHIQE]WIVMSYWP]HEQEKI]SYVQSFMPITLSRI8SXLII\XIRXTIVQMXXIHF]PE[XLIQERYJEGXYVIVXEOIWRSVIWTSRWMFMPMX]JSVPSWWSJHEXEHYVMRKXLIYTKVEHITVSGIWW=SYEVIEHZMWIHXSFEGOYTER]MQTSVXERXMRJSVQEXMSRMREHZERGIJSVWEJIOIITMRKEWXLIWSJX[EVIYTKVEHIGSYPHVIWYPXMRXLIHIPIXMSRSJTIVWSREPHEXE

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