As praças de cultura no governo Djalma Maranhão

(1)

!"

(2)

!

" ! #

$ %&'()&'(*+

,

(3)

,

$

122345679: 6;4323<56=6 >:?: 43@A1215: ;64>16B ;646 :C53<79:=:D46A=332543<:A42:=3E246=A679:3? 125E416 436 =3 :<>3<54679: 3? 125E416 3 2;67:2 1<F6 =3 32@A126 GAB5A46 :=34 3 3;4323<567H32 2;6>1612I =6 <1K3421=6=3 3=346B =: 1: 46<=3 =: :4532:C6:413<5679:=64:L604M0BNK16=3N3=431460

(4)

656B:D679:=6ACB1>679:<6:<530<1K3421=6=33=346B=:1:46<=3=::4530 -1CB1:53>635:416B2;3>16B1O6=6=:3<54:=31P<>162A?6<62354623 4532% +0

- 0

1C314:266AB6,6>641620

2;46762=3>AB5A46<:D:K34<:Q6B?6646<F9:R266AB6,6>64162 1C314:0656B.))/0

&.&L0

413<56=:46!4:LM_{4M0BNK16=3N3=431460}

122345679:%32546=:3?125E416+<1K3421=6=33=346B=:1:46< =3=::45303<54:=31P<>162A?6<62354623 453204:D46?6=3E2 46=A679:3?125E4160 436=3:<>3<54679:!125E41632;67:201<F6=3 32@A126!AB5A46:=3433;4323<567H322;6>1612I0

&0656B%+125E416%&'S(&'(*+122345679:0.0AB5A46;:;AB64 122345679:0T04676=3>AB5A46122345679:0*0656B%+:BU51>6&'S( &'(*122345679:003=43146BNK16=3N00<1K3421=6=33=346B=:1: 46<=3=::45300U5AB:0

(5)

,

$ %&'()&'(*+

122345679:6;4:K6=6>:?:43@A1215:;64>16B;646:C53<79:=:D46A=332543<:A42:=3 E246=A679:3?125E416=6<1K3421=6=33=346B=:1:46<=3=::453;3B6>:?1229: L:4?6=6;3B:2;4:L322:432!

WWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW 4:L60460BNK16=3N3=43146

%413<56=:46+

WWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW 4:L040 <5:<1::4432:<53<3D4:

%X6?1<6=:4X534<:+

WWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW 4:L04061?A<=::<65: 46YQ:=6:>F6

%X6?1<6=:4<534<:+

WWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW 4:L040 B?14=364K6BF:-A3<:

%A;B3<53+

(6)

D46=3>1?3<5:2

253 546C6BF: 43;4323<56 A? 32L:47: 1?3<2: =3 ;3423K346<76 L43<53 6 ?A15:2 :C25N>AB:203;4323<56:6?:4@A353<F:;3B6K1=6;:4?612654:;3B6=6@A33B6?36;4323<530 3;4323<56A?546C6BF:6:?32?:53?;:;322:6B3>:B351K:0322:6B;3B632>:BF63?325A=64 F125E4163>:B351K:;:4@A3=32=36D46=A679:?A1562;322:623251K346?>:?1D:6B1?3<56<=: 32236?:4;3B6K1=6?36QA=6<=:?31<>3<51K6<=:>:?;6451BF6<=:?:?3<5:2=6?1<F6K1=6 ;322:6B36>6=P?1>60

D46=37:;41?3146?3<536?1<F6L6?UB16?3A2;61214?9:23>A<F6=62@A33259: =3=1>6=:26?3L6O34L3B1O0

6AB:=3642::4436=33B:6<=342:<3D4314:2U216-3O34463A:4<ZB1: :6>a4 =3 E32 3 32;3>16B?3<53 61B=3 6BK9: ;3B:2 =3;:1?3<5:2 >:<>3=1=:2 ;3B6 =:>A?3<5679:>3=1=6;3B61<L1<156D3<34:21=6=30

:2;4:L322:432=:32;3>16B?3<536;4:L322:46BNK16=3N3=43146?1<F6 :413<56=:46;3B62:413<567H32>:<K342621<L:4?6123>:?;433<29:36?1O6=3<62>3<5306 :<65:;4:L322:436?1D:;3B62:413<567H326?1O6=336;:1:0

:26?1D:2=66>6=3?163=6K1=6!1>F3BB362>:6B6 =416<6654U>1:@A3?3 3<21<:A6D:2564=334536A<:D4A;:=3325A=:3D46<=3>:?;6<F3146=3K16D3?6C16<: 16<66?1D:@A3<A<>6=31X6431=323<514L6B560

aB>641:>6?6443<56@A33253K3=:?3AB6=:<:?:?3<5:?612>4U51>:=6?1<F6 K1=60B2:<3$321;3B66?1O6=33>641<F:=3=1>6=:2;3B62>:<K3426223?23<51=:<:?2< 4126=6243>B6?67H32B6?3<567H32:413<567H32433<>:<54:201B?64;3B62>:<K342626>34>6 =3<:22:2546C6BF:236?1O6=336K623?;4359:=:>336?NK3B0 :2=3?612>:B3D62=: ?32546=:;3B:>:?;6<F31412?:3=1NB:D:0

$ 6<=41<F: 6<1 Z: :A4=32 c64B1<F6 6@A3B F6126 6?1D:2 @A341=:2 23?;43;4323<5323??1<F6K1=60

(7)

32A?:

253546C6BF:53?>:?::CQ351K:6<6B126466;4:;41679:=:32;67:;3B:;:=34;YCB1>:0 <543 :2 6<:2 &'S( 3 &'(* 6 >1=6=3 =3 656B L:1 6=?1<12546=6 ;3B: ;43L315: Q6B?6 646<F9:B1=346<76;:BU51>6?64>6=6;3B62C6<=31462<6>1:<6B12562=:;34U:=:@A3346?6 BA56>:<546:1?;3416B12?:363?6<>1;679:=:;:K:6546KZ2=:@A323=3<:?1<:A>AB5A46 ;:;AB640534?:D6<F:AA?6>:<:5679:;:BU51>66:?32?:53?;:3?@A33463<53<=1=: >:?:6?612;A46?6<1L325679:=:;:K:C4621B314:0 ?:?3<5:;:BU51>:21D<1L1>:A56?CZ? A?<:K::BF642:C436>1=6=3<6?3=1=63?@A3:6<231:=3;4:D4322:=31<=A25416B1O679:3 =343L:4?622:>1612;4:;6D6=:;3B6;:BU51>63?[?C15:<6>1:<6B43LB351A=14356?3<53<62 546<2L:4?67H32 <: 23A 32;67: LU21>:0 3<54: =3226 :413<5679: <6>1:<6B1256 6 ;43L315A46 3?;433<=3A 67H32 21253?651O6=62 L43<53 \2 <:K62 <3>3221=6=32 A4C6<62 @A3 2A4D16? 6: ?32?: 53?;: 3? @A3 546<2L:4?:A 6BDA?62 ;46762 =6 >1=6=3 3? 32;67:2 >AB5A4612 =3<:?1<6=:2;46762=3>AB5A460223232;67:2346?=3251<6=:2\;4:?:79:=6>AB5A46;:;AB64 6:?32?:53?;:3?@A3346A?32;67:325465ZD1>:=3;4:=A79:343>3;79:=:2K6B:432 =3L3<=1=:2 ;:4 Q6B?6 646<F9:0 3223 23<51=: ;4:>A46?:2 432;:<=34 @A6B L:1 : ;:21>1:<6?3<5:=:;43L315:L43<53\2=3?6<=62A4C6<62@A32A4D16?3>:?:62;46762=3 >AB5A46L:46?23<=:1<>:4;:46=626:>:51=16<:=6>1=6=36541CA1<=:<:K:223<51=:2\;4676 ;YCB1>606466>:<254A79:=3253546C6BF:43>:443?:2\2L:<532:461236:2;341E=1>:2:2 Q:4<612 3>:?:;41<>1;61243>A42:2?35:=:BED1>:20

(8)

32A?Z

3;4Z23<553X53K123\6<6B1234B66;4:;41651:<=3B^32;6>3;64B3;:AK:14;ACB1@A30<543B32 6<<Z32 &'S( 35 &'(* B6 K1BB3 C4Z21B13< =3 656B 6 Z5Z 6=?1<1254Z ;64 B3 ?6143 Q6B?6 646<F6:=141D36<52;:B151@A32?64@AZ32;64=321=Z32<651:<6B12532>:??3B6BA553>:<543 B^1?;Z416B12?3 35 B^Z?6<>1;651:< =A ;3A;B3 6 546K342 =3 >3 @A3 B^:< 6;;3BB3 _>AB5A43 ;:;AB6143`03534?366>@A12A<3>:<<:5651:<;:B151@A33<?P?353?;2=6<2>3@A1Z5615 >:<21=Z4Z>:??3B6;BA2;A43?6<1L325651:<=A;3A;B3C4Z21B13<06=a<6?1@A3;:B151@A3 21D<1L13 6A221 A< <:AK36A 43D64= 2A4 B6 K1BB3 3<@A6<5 @A3 B3 =Z214 =3 ;4:D4b2 =3 1<=A25416B12651:< 35 =3 4ZL:4?32 2:>16B32 ;4:;6DZ3 =6<2 B6 ;:B151@A3 <651:<6B3 C4Z21B13<<3 =143>53?3<5546=A15;64=32>F6<D3?3<52=6<22:<32;6>3;Fa21@A306<2>3553:413<5651:< <651:<6B1253B6K1BB363<543;412=326>51:<22a25Z?651@A32\B^3<>:<543=32<:AK36AXC32:1<2 A4C61<2 @A1 23 ;:23<5 3< ?P?3 53?;2 @A3 5:A4<Z >34561<2 ;B6>32 =3 B6 K1BB3 \ 32;6>32 >AB5A43BB326;;3BZ3_;B6>32=3B6>AB5A43`03232;6>322:<5=3251<Z2\B6;4:?:51:<=3B6 >AB5A43;:;AB61433<?P?3 53?;21B 6Z5ZA<=:?61<325465ZD1@A3=3 B6;4:=A>51:<35 B6 4Z>3;51:<=32K6B3A42=ZL3<=A32;64Q6B?6646<F6:0<>323<2<:A26K:<2=3?6<=Z 4Z;:<=43@A3BB36Z5ZB6;:2151:<=A?6143L6>3\B6C32:1<2A4C61<32@A^1B223;:2613<535 >:??3B32;B6>32=3B6>AB5A432:<51<5ZD4Z\B6K13@A:51=13<<3=3B6K1BB3=3656B=:<<6<5 A<3 <:AK3BB3 21D<1L1>651:< \ B6 ;B6>3 ;ACB1@A30 :A4 B6 >:<254A>51:< =3 >3 546K61B <:A2

A51B12:<2B322:A4>32:46B3235=343KA32=3Q:A4<6AX35=3 35

>:??3B3;41<>1;6B4322:A4>32?Z5F:=:B:D1@A320

(9)

(10)

- 4D3<51<6-4621B3F1B3 B16<766>1:<6B1C3456=:46 79::;AB64

:?;6<F16=3 DA632D:5: 61X6>:<e?1>63=346B

:?1229:>:<e?1>6;6466 ?Z41>6651<6 --:<L3=34679:6>1:<6B=:2-12;:2=:-4621B

:?;6<F16=334K17:2BZ541>:2=:1:46<=3=::453 3<54::;AB64=3AB5A46

1435:416=3:>A?3<5679:3AB5A46 3;6456?3<5:=31LA29:3AB5A46

3;6456?3<5:=3:>A?3<5679:3<L:4?679: 3;6456?3<5:=3:4?679:=3AB5A46

256=:2<1=:2

A<=679:=36C15679::;AB64 <2515A5:=: 7Y>643=: B>::B

-<2515A5:-4621B314:=3>:<:?16:>1:B:D163:BU51>6 -<2515A5:A;341:4=325A=:2-4621B314:2

:K1?3<5:=3AB5A46:;AB64 -:K1?3<5:=3=A>679:=3-623 4D6<1O679:=6267H32<1=62 -6451=::?A<1256-4621B314: 6451=::;AB64

6451=::>16B3?:>4656 6451=::>16B4:D43221256 -6451=::>16B1256-4621B314: -6451=:46C6BF1256-4621B314: 6451=:46C6BF12566>1:<6B

34K17:::;34651K:=3=A>679:=:1:46<=3=::453 A;341<53<=P<>16=3323<K:BK1?3<5:=::4=3253

3B3L:<16=:1:46<=3=::453 <19:3?:>4N51>66>1:<6B

<19:6>1:<6B=:225A=6<532

$<1K3421=6=33=346B=:1:=3$6<314:

(11)

$%0(#+

#23(+%45+ &)

6 7 8 * 9 2+:5+,,,8 %&3%( +%&( * (4$ * %&3%(

&'

.&0$ f .S

.0.0 TS

.0T0 g -g

T'

.0*- **

.0Sf! S&

; $ 3(2$.+(4<*$ %()2=$3#$ 2+ *$4+ .=$#+

#*2$#2#$3(4<*$*>&(2:5+

SS

T0& S(

T0.- (.

T0T # - f $

(*

;,;,(?---?-2 (S

;,;,6-@/A-C (d

!$(4$*%&3%(2+D+E*(2+>&(2:5+ d(

*0& ! h -

d/

*0. , $

/*

!,6,+FC- /(

!,6,6C-GC /'

*0T , 'S

!,;,# 'd

!,;,6)-/-CF ''

!,;;H/II &)T

J+2$#*(4<*$.#2#$ &&&

(12)

#23(+%45+

253546C6BF:ZA?325A=:2:C436;4:;41679:=:32;67:;3B:;:=34;YCB1>:0<543:2 6<:2&'S(3&'(*6>1=6=3=3656BL:16=?1<12546=6;3B:;43L315:Q6B?6646<F9:@A3<6 Z;:>643;4323<56K66?61:4B1=346<76;:BU51>6L:46=:2@A6=4:2=62:B1D64@A162@A3=141D16?: ;:=343256=A6B0 546Q35E416;:BU51>6=:;43L315:L:1?64>6=6;:42A6;6226D3?;3B:6451=: :?A<1256 3 ;:4 ;6451=:2 =3 C623 <6>1:<6B12560 <6>1:<6B12?: =3L3<=1=: ;:4 Q6B?6 646<F9:>:<212516<6BA56>:<546:1?;3416B12?:3<63?6<>1;679:=:;:K:6546KZ2=:@A323 =3<:?1<:A>AB5A46;:;AB640

3<54:=3226:413<5679:<6>1:<6B12566;43L315A463?;433<=3A67H3221253?651O6=62 L43<53\2<:K62<3>3221=6=32A4C6<62@A32A4D16?6:?32?:53?;:3?@A3;4:?:K3AA?

?:K1?3<5:;:;AB646>6?;6<F6 31<>:4;:4:A6:

>:51=16<:=6>1=6=332;67:2>AB5A4612546<2L:4?6<=:6BDA?62;467623?;46762=3>AB5A460 322323<51=:@A6BL:1:;:21>1:<6?3<5:=:;43L315:L43<53\2=3?6<=62A4C6<62@A32A4D16? 3>:?:62;46762=3>AB5A46L:46?23<=:1<>:4;:46=626:>:51=16<:=6>1=6=36541CA1<=: <:K:223<51=:2\;4676;YCB1>6i

?64>:=32A66=?1<1254679:L:16>6?;6<F6=33446=1>679:=:6<6BL6C3512?:

1<2;146=6<::K1?3<5:=3AB5A46:;AB64%+=3 34<6?CA>: LA<=6=: 3? &'()0 ? &'(& 6 43L315A46 L3O A? >:<KP<1: >:? : 3 6AX1B16432 =3 Q6B?6 646<F9: L:46? 6 3>1L3 >:<F3>34 : :K1?3<5:0 3<=: >:?: 43L34P<>16:3:?Z5:=:6AB:43143643L315A46>41:A:1K4:=3315A463Z<: F9:6?CZ?23 ;43<=36343:;5:A;3B61<256B679:=346762=3AB5A46=66B3416=3 4533=62-1CB1:53>62:;AB64320

62=A626=?1<125467H32=3Q6B?6646<F9:6267H32>AB5A4612=:?A<1>U;1:@A623 23?;436>:<53>346?3?LA<79:=66?;6<F63<54356<5::>A;646?3?>345:2?:?3<5:2 32;67:232;3>UL1>:2>:?:62;467620

2;46762=3>AB5A462A4D146?=3<54:=:>:<53X5:=:2?:K1?3<5:2=3>AB5A46;:;AB64 <:2 ;41?314:2 6<:2 =6 =Z>6=6 =3 &'() <: -4621B0 2 ?:K1?3<5:2 =3 >AB5A46 ;:;AB64 A51B1O6K6?23=31<254A?3<5:23?Z5:=:2;4E;41:2=3546C6BF:0 6BL6C351O679:=3Q:K3<23 6=AB5:2362;46762=3>AB5A46346?>6?1<F:2;64623>F3D646:;YCB1>:0 2;46762=3>AB5A46 LA<>1:<6K6?>:?:>3<54:2=343>43679:33=A>679:B:>6B1O6=:23?C6144:2;:;AB64320

(13)

2;46762>:<2515AU6?23=3;64@A31<L6<51BK126<=:65461461<L[<>16jA? >6?;:=332;:4532!C62@A353K:B31C:BLA53C:B=326B9:>:?6L1<6B1=6=3=3 >:<D43D64 6 QAK3<5A=3 A? 53B3L:<3 ;YCB1>: =3 1<5343223 D346B 3 A?6

C1CB1:53>6>:?:C623LA<=6?3<56B0&

;41?31463X;341P<>16=34676=3AB5A46L:1<:23DA<=:23?32543=3&'(&0A46<53 A?623?6<6A?6;4676=6>1=6=3L:1:>A;6=6>:?C6446>62;6466L3146=3B1K4:2=3=12>:23 64532;BN251>62645326<65:;ACB1>67H32<:153=36A5ED46L:23<543:A462651K1=6=320._?&'(. L:46?1<256B6=6262;46762=3>AB5A46=3>64N534;34?6<3<530 2;46762346?6=?1<12546=62 ;3B61435:416=3:>A?3<5679:3AB5A46%+=141D1=6;:461B=36BK9:032536<: L:46?1<256B6=623?=3O;46762=6>1=6=3;64@A321<L6<5123@A6=462=332;:453202562;46762 ;:25341:4?3<5323416?546<2L:4?6=623?;46762=3>AB5A460

:?:;46762=3>AB5A463251K346?3?LA<>1:<6?3<5:65Z:L1?=:D:K34<:@A654: ;46762<:223DA1<532C6144:2!6;4676=3>AB5A46;341E=1>6<64676c3<<3=a<61=6=3 B56 362;34?6<3<532<62"A1<562<62:>623<61=6=3 B5602562;46762>:<56K6?>:? ;:25:2 =3 3?;4Z251?:2 =3 B1K4:2 >F6?6=:2 -1CB1:53>62 :;AB6432 3 43>3C16? <:?32 =3 32>415:432<6>1:<612!-1CB1:53>6:;AB646254: BK32%"A1<562+j-1CB1:53>6:;AB64:<5314: :C65:%:>62+j3-1CB1:53>6:;AB64$:2Z=3 B3<>64%4676 <=4Z=3 BCA@A34@A31=6=3 B56+0 4676 <=4Z=3 BCA@A34@A3L:13?&'(T?:=1L1>6=6D6<F6<=:A?66B3416=3 453 A?6 :<>F6 >Y251>6 3 A?6 -1CB1:53>6 :;AB64 ?3262 =3 B315A46 6: 64 B1K43 53B6 ;646 ;4:Q379:=3L1B?323;622:A64676=3AB5A46 <=4Z=3 BCA@A34@A30

B153465A46 ;4:=AO1=6 43L343<53 \ 6=?1<1254679: ?A<1>1;6B =3 Q6B?6 646<F9:

3253K3=3=1>6=6\26<NB12322:C436>6?;6<F6

?:K1?3<5:;:;AB64;4:?:K1=:;3B6;43L315A46>AQ6L1<6B1=6=33463446=1>64:;4:CB3?6=: 6<6BL6C3512?: 3? 656B0 A54: 53?6 C6256<53 43>:443<53 29: 62 6<NB12322:C43 6 =156=A46 ?1B15643?@A3Q6B?6646<F9:323A2622322:432L:46?;432:23=32515AU=:2=323A2>64D:20 9: 53?:2 >:<F3>1?3<5: 2:C43 325A=:2 @A3 K3423? 2:C43 62 ;46762 =3 >AB5A46 32;3>1L1>6?3<5302546C6BF:2;4:=AO1=:229:=3=1K34262:41D3<2!?3?:416B12562;4:=A7H32 >:?3?:4651K62 C1:D4NL1>62 3 6>6=P?1>62 23<=: 32532 YB51?:2 ;4:=A7H32 =3 2:>1EB:D:2 >13<512562;:BU51>:2F125:416=:4323;3=6D:D:20

_:6>a4=30

!"#$0656B! 45;41<5.)));0&*T0

(14)

<543:2546C6BF:2;4:=AO1=:2=3<54:=6A<1K3421=6=33<>:<546?:2KN41626<NB1232

32;3>UL1>622:C4366?;6<F6 31<K3251D67H32@A3

23=3=1>646?6>6?;6<F62;:;AB6432=1K34262:>:441=62<:26<:2=3&'()0:5:>6<536:2 546C6BF:2@A33<L:>6?;6451>AB64?3<5366?;6<F6?343>3?=3256@A3:=3E32%&'/)+ 34?6<:%&'/.+1BK6%&'''+64K6BF:%.)))+3:A46%.)).+T₀

;4:L322:4:6>a4=3E32%>F3L3=3D6C1<353<6;41?31466=?1<1254679:323>435N41: =6=A>679:<623DA<=6+L:1A?=:21=36B1O6=:432=6>6?;6<F60?

&'()'*'()+,-./0:6A5:454656=6;:BU51>63?656B3 <:1:46<=3=::4536;64514=:26<:2&'T):2A4D1?3<5:=: 1$ 65Z&'()>:? Q6B?6 646<F9: <6 ;:BU51>6 :2 ?:K1?3<5:2 =3 3=A>679: 3 6 6?;6<F6 2A62 :41D3<2 :CQ351K:2>646>534U251>6235Z4?1<:0

;41?314:546C6BF:6>6=P?1>:<66325A=6466?;6<F6L:1;4:=AO1=:;3B:

;4:L322:4$:2Zk1BB1<D5:<34?6<:3?2A6=122345679:=332546=:-

26:C46:6A5:453>3A?6=12>A229:2:C43;:BU51>633=A>679:<6 =Z>6=6=3()1<2341<=:6>6?;6<F6=3<54:=3223>:<53X5:012>A536;:BU51>6 <: 1: 46<=3 =: :453 62 3B317H32 =3 &'() ;646 : D:K34<: 3256=A6B 3 ?A<1>1;6B 6 >6?;6<F6 2A62:41D3<2:CQ351K:2:4D6<1O679:=323<K:BK1?3<5:6BZ?=3 A?6=12>A229:2:C4362C6232>:<>3;5A612=6>6?;6<F60

;3=6D:D66416=6A16=3:AO61BK63?2A6=122345679:=332546=:!

" . 3 40 15 3 %&'''+ L6O A? 325A=: C1:D4NL1>:2:C43Q6B?6646<F9:43>:<2515A1<=:62;3>5:2=6546Q35E416=:F:?3?;YCB1>: 3<L651O6<=:62A665A679:>:?:32;:451256Q:4<6B12562:C435A=:2A6?1B15[<>16;:BU51>6>:?: ;43L315:=3656B%&'S(&'S'R&'()&'(*+0

5323=3:A5:46=:=6;4:L322:466416B1O353A1?6493264K6BF:"7

222'()'*'()+890.00%.)))+546C6BF6 >:?:=3;:1?3<5:=:2:4D6<1O6=:432;4:L322:4326BA<:23=6>:?A<1=6=3=61B6=3:<56 3D4665:4321?;:456<532=66?;6<F60

:6>a40 0 &'()'*'()+,-A?632>:B6=3?:>4N51>60.03=09: 6AB:!:453O&''&0

$:2Z0k1BB1<D5:<076>6?;6<F6=3;Z<:>F9:09:6AB:! A5:432 22:>16=:2j :453O&'/.0%:B379:53:4163;4N51>622:>1612+0

6416=6A16=3:AO60!"..0015,&'''0 122345679:%32546=:3?=A>679:+656Bl&'''m0

6416B1O35364K6BF:0"7222'()'*'()+7:53253?A<F:=:2 ;6451>1;6<5320.)))0323%:A5:46=:+656Bl.)))m0

(15)

46<>12>6,A1B?6=3:A463?2A6?:<:D46L16=3>:<>BA29:=:>A42:=3125E416=6

1<515AB6=6":15-.5.;

<0 * '()=*'()+ %.)).+ L6O A? 325A=: >:?;64651K: 6>34>6 =:2 54P2 ?:K1?3<5:2 =3 3=A>679:;:;AB64=323<K:BK1=:2<:1:46<=3=::453<6=Z>6=6=3&'()626C34!3

:-%:K1?3<5:=3=A>679:=3-623+3+=

:Z5:=:6AB:431430

X1253?56?CZ?:2546C6BF:2@A323=3=1>6?6325A=64:2?:K1?3<5:2=33=A>679: ;:;AB64<6=Z>6=6=3&'()3?D346B0 :325A=6432232?:K1?3<5:25612546C6BF:26<6B126? 56?CZ? 6 >6?;6<F6 0 :=3?:2 =3256>64 54P2 546C6BF:2 >:? 32262 >646>534U251>62!>.5.>.5.0*=36A5:416=6;4:L322:466<1B=6 61K6%&'/d+@A354656=62:41D3<2=63254A5A46=:?:K1?3<5:=62651K1=6=32j>0.0

$0- 0. . 0 &<- '()=*'()(,S 32>415: ;:4 $A251<6 K6 %&'/'+ @A3 6<6B1263<543:A54:2622A<5:2=:3<K:BK1?3<5:=:2325A=6<53223>A<=64125623A<1K34215N41:2 <6>6?;6<F636;6451>1;679:=3Q6B?6646<F9:QA<5:6:2325A=6<532<62 BA562 <6>1:<6B12562 =: ;34U:=:j .0. >.5 .- 7 )= =3 2?64NK34:%&'/T+(_{03253YB51?::6A5:443Y<3A?62Z413=3=:>A?3<5:23B6C:46=:22:C43} >AB5A4633=A>679:;:;AB64=:2KN41:2?:K1?3<5:2;:;AB64323<5433B32:

2

: 5:>6<53 6:2 325A=:2 ;4:=AO1=:2 L:46 =6 6>6=3?16 3<>:<546?:2 546C6BF:2 =3 ;322:62 ;4EX1?62 6 Q6B?6 646<F9: :A @A3 L1O346? ;6453 =3 23A D:K34<: 3 62 2A62 ?3?E416203256>6?:2:2546C6BF:2=364>:2646<F9:%L1BF:=:3X;43L315:+61B=31<5: 6BK9: %=1435:46 =6 =6 ;43L315A46 =3 656B <6 23DA<=6 6=?1<1254679: =3 Q6B?6 646<F9:+3=:;4:L322:4:6>a4=3E320

64>:2646<F9:?_{L1BF:=:3X;43L315:43A<1A3?}_.0_6BDA<2

;4:<A<>16?3<5:2=3Q6B?6646<F9:@A6<=:3253346=3;A56=:L3=346B?:2546<=:6221? ;:2179:;:BU51>6>:?:BU=34=643<536>1:<6B1256<:256=:0

61B=31<5:6BK9:@A3=A46<53623DA<=66=?1<1254679:L:1515AB64=61435:416=3 :>A?3<5679:3AB5A46436B1O:A546C6BF:K:B56=:\2651K1=6=32>AB5A46126451>AB6=:>:?:

32>43K3A'()+-0. 03253546C6BF:6

6<1B=6 3431460 >.5 . .5 .0! >:<541CA179: \ F125E416 =6 3=A>679: C4621B31460S03=09:6AB:!=17H32:a:B6&'/d0

$A251<6K6=3 46YQ:0>0.0$0!325A=:=3A??:K1?3<5:%&'()&'('+09:6AB:! :453O&'/'0

2?64%4D0+0.0...5.!?3?E416=:26<:2()01:=3$6<314:!=17H32 466B&'/T0

(16)

6A5:4643>:<2515A1:26>:<53>1?3<5:2=:=16&n=36C41B@A6<=::43D1?3?1B1564L:1=3>4356=: <:@A6BL:13<K:BK1=623<=:;432631<5344:D6=63<L651O6<=::26>:<53>1?3<5:2<6;43L315A46 62;412H3236L1DA46=3Q6B?6646<F9:<3223;4:>322:0/

:A54:B1K4:=3E32L:1;ACB1>6=:=A46<536>:?3?:4679:=:2*))6<:2=6>1=6=3 =3 656B 3? .))) 3 Z 1<515AB6=: ! " >#$(_{0 B1K4: Z}

1<54:=AO1=:>:?A?;6<:46?6D346B<:-4621B3<:1:46<=3=::4536;64514=:26<:2 &'T)>:?A?66<NB123D3<Z41>62:C436BDA<2=12>A42:2;4:L341=:2;:4Q6B?6646<F9:3 >:??3?E4162;322:612=:;4E;41:6A5:4=:K:BA?30 ;E232261<54:=A79:6:C46=1K1=123

3?=A62;6453206;41?3146 E32

43D12546?3?E4162;322:612=3Q6B?6646<F9:2:C436>6?;6<F60623DA<=6"7

)+ E32 546<2>43K3 :2 32>415:2 =3 Q6B?6 646<F9: 2:C43 6 ;:BU51>6 C4621B3146 6 6=?1<1254679:?A<1>1;6B3?656B?6<1L325:23;:32160 2?3?E416256?CZ?3259:43A<1=62 3?0.>#3?@A33259:43D12546=6262>64562=3Q6B?6646<F9:3<K16=62 =:3XUB1:6;643<53236?1D:20

? 43B679: \2 ;4:=A7H32 ?612 43>3<532 L6O3?:2 43L34P<>16 6:2 546C6BF:2 ?:<:D4NL1>:2 <6 N436 =3 F125E416 10. .! A? 325A=: 2:C43 62 6=?1<125467H32;:;AB6432=3Q6B?6646<F9:%&'S(&'S'R&'()&'(*+ &)_{=3?1<F66A5:416} %.))*+@A3546OA?66<NB1232:C436;41?31466=?1<1254679:=:;43L315:03256>6?:256?CZ? :2546C6BF:2=323<K:BK1=:2;3B6C623=3;32@A126AB5A46:BU51>63=A>679:>::4=3<6=6 ;3B:;4:L322:440$:2Zk1BB1<D5:<34?6<:=:3;6456?3<5:=31P<>162:>1612=6 3:2546C6BF:2=323<K:BK1=:2;3B:D4A;:=3;32@A126125E416=61=6=33=:4C6<12?:=: 3;6456?3<5:=3 4@A1535A46=6?32?6A<1K3421=6=3=141D1=:2;3B6;4:L322:46460o<D3B6 Y>16 34431460 2232 546C6BF:2 546O3? <:K62 ;342;3>51K62 6C:4=6<=: <:K:2 53?62 43B6>1:<6=:2\>1=6=3=3656B<:26<:2&'()0

1<5343223;3B:53?61<1>16B?3<53L:16L:45343L34P<>16@A3Q6B?6646<F9:53K3 ;646:?:K1?3<5:325A=6<51B6@A1=:1:46<=3=::453<6=Z>6=6=3&'')06D46=A679: ?3A546C6BF:?:<:D4NL1>:L:1A?325A=:>:?;64651K:3<543622A626=?1<125467H320:1<5A15: =3 =64>:<51<A1=6=3 6;32@A126 CA2>6?:2 A?53?6 @A3 3251K3223 =3<54: =6 ;4:;:256=: 4:D46?6=3E246=A679:3?125E416=6>AQ6N436=3>:<>3<54679:Z125E4163 2;67:203<=:6221?:;56?:2;:4325A=6462;46762=3>AB5A46A?;4:Q35:;:BU51>:>AB5A46B

61B=31<5:0'()+-0. 0.03=0656B!.))*0 :6>a40 !"#$0

(17)

=6;43L315A46=:26<:2&'()@A3236;4:;41:A=:32;67:;YCB1>:0322323<51=:29:>653D:4162 1?;:456<5326:53?6!43;4323<5679:32;67:>AB5A46;:;AB640

<:79:=343;4323<5679:6@A1Z3<53<=1=6>:?:3?=1L343<532BAD64323?:?3<5:2 A?6436B1=6=32:>16BZ>:<254AU=63;3<26=6>:<254A79:=3534?1<6=6;:41<53432232=3D4A;:2 ;34>3;7H32=:2:>16B@A3<9:29:<3A5462;4:=AO3?325465ZD1623;4N51>6223Q6?2:>1612 32>:B6432;:BU51>6235>0646F645134G62BA562=343;4323<567H325P?56<561?;:45[<>16>:?: 62BA5623>:<e?1>62;646>:?;433<=34:2?3>6<12?:2;3B:2@A612A?D4A;:1?;H3:A53<56 231?;:462A6>:<>3;79:=:?A<=:2:>16B:2K6B:432@A329::223A23:23A=:?U<1:I0 :413<5679:;:BU51>6=3Q6B?6646<F9:1?;B1>6K63?;4N51>6232;6>16121<534K3<7H32<: 32;67:;YCB1>:@A33X;43226K6?<62A6?653416B1=6=3K6B:43231<53<7H320&&

6451?:2 =: ;4322A;:25: @A3 5:=: 32;67: Z >:<254AU=:0 3<=: : 32;67: A?6 =62 >653D:4162 ?612 1<534=12>1;B1<6432 @A6<=: 23 5:4<6 :CQ35: =3 325A=: =3 F125:416=:432 D3ED46L:264@A1535:26<54:;EB:D:2LU21>:2<9:;:=3?:26L14?64@A33X1256A?>:<>315: 6C2:BA5:=332;67:0g;43>12:;34>3C34:223<51=:2@A3:32;67:D6<F6>:<L:4?3:53?;:3: BAD640 ;4676;YCB1>623>:<LA<=3>:?6;4E;416:41D3?=6>1=6=30:<>:4=6?:2>:?6 6<54:;EB:D6:46=1<3@A6<=:6L14?6@A36;46762A4D3<:>3<N41:A4C6<:=36>:4=:>:?: 1?6D1<N41:=3>6=6Z;:>6>:4432;:<=3<=:G62 1?6D3<2343;4323<567H32@A329:>:<254AU=626 ;64514=3=1L343<532=12>A42:2A2:2:BF6432@A31?;41?3?6>6=6;4676=3>6=6>1=6=33?=1L343<532 Z;:>62=1L343<53221D<1L1>6=:2I0&.

?<:2262B315A4622:C4362;4676253<=:>:?:43L34P<>16A?L:4=-6p5F1<-A4p3 3<<3553D6q66D6BF93233<Q:5&T_{;34>3C3?:2@A36;46763?=1L343<532?:?3<5:23} BAD64326;4323<5:AA?6=1K3421=6=3=3A2:2323<51=:20_{;43L315A46=3656B6:546<2L:4?64} 54P2;46762=6>1=6=33?;46762=3>AB5A466541CA1A632232B:>612<:K:2A2:2323<51=:2 546<2L:4?6<=: 6 ;4676 B:>6B =3 43A<1H32 1<L:4?612 =3 ;6226D3? 3? 32;67:2 >AB5A4612 =1<[?1>:23=3>:<K34DP<>16=3A?<Y?34:21D<1L1>651K:=3;322:620

:D340 @07.0.!3<543;4N51>62343;4323<567H3201:=3$6<314:!-34546<=-4621B &'//0;0&(&d0

126C3530 5 AB! 32;67: 3 2:>16C1B1=6=30 B:416<E;:B12R! 35462 :<53?;:4[<362 &''S0;0&*0

3q120 07!2A62:41D3<2546<2L:4?67H323;342;3>51K620*03=09:6AB:! 6451<2:<532.))*j- c1pF61B0.0..C"0-:>:<53X5:=3 46<7:123C3B6120T03=09:6AB:!-j-c35340 .0..C"09:6AB:! :?;6<F16=6235462&'/'j k AD:0 !Q64=1<2<:-4621B09:6AB:!:C3B&''(j 1>F64=09$ !625146<162=61<51?1=6=309:6AB:!:?;6<F16=6235462 &'//j A1O5NK1:=30 >1=6=3D43D63:2?:=:2A4C6<:2=6;:BU51>60 <! 64D641=66416=3%:4D0+00246<>69:6AB:BF:=r DA6.))S0

(18)

-A2>6?:243L34P<>162<:2F125:416=:4321>F3B=334536A3:D34F645134@A6<=: ;4:CB3?651O6? 6 >AB5A46 >:?: A?6 >653D:416 ;BA46B ;:4 122: =3 =1LU>1B =3L1<179:0 2

?:K1?3<5:2=3>AB5A46;:;AB641<>BA21K3: K9:

1?;41?14 <:K:2 21D<1L1>6=:2 6: 534?: 3 62;4N51>62=32232 ?:K1?3<5:2 K9: 43LB3514 23A2 K6B:432 3 1=Z1620 2 ;46762 =3 >AB5A46 346? 32;67:2 32;3>UL1>:2 =3 ;4:?:79: =6 >AB5A46

;:;AB646B1>:<K34D16?\21=Z162=6>6?;6<F6 3

=:D4A;:@A3QA<5:>:?::;43L315:Q6B?6646<F9:>::4=3<6K6:2;4:Q35:2=643L315A460 :<>:4=6?:2>:?F645134@A6<=:23;4:;H36;3<26462=1L343<532L:4?62=36;4:;41679: 3<53<=1=6 >:?: >:<QA<5: =3 ;4N51>62 @A3 >:<L343 6 A? 32;67: =6 >AB5A46 ;:;AB64 ;:4 =1L343<532D4A;:22:>16123<9:53<5643<@A6=4NB6=3<54:=3?:=3B:21<534;435651K:20&*

:<>3C3?:23<59:6;4676=3>AB5A46>:?:A?32;67:325465ZD1>:3=31<254A79:0 : 236;4:;4164=6;46763546<2L:4?NB63?;4676=3>AB5A466;43L315A46546<2L:4?:A:BAD643 6B1 1?;41?1A 21D<:2 1<53<7H320 2;67: =3 1<254A79: ;:12 5:=62 62 651K1=6=32 6>:<53>16?

6451>AB6=6266?;6<F6 2

646 6 >:<254A79: =3223 546C6BF: 43>:443?:2 \2 L:<532 ;41?N4162 >:?: :2 Q:4<612

=3;4:;413=6=3=3Q6B?6646<F9:3:Q:4<6B 'D_j3:1K4:=3

315A46 =6 6?;6<F6j 3 6 =:>A?3<5679: ;4:=AO1=6 ;3B: ?:K1?3<5:! 43B65E41:2 2:C43 62 C1CB1:53>623L:5:D46L162=:64@A1K:=61435:416=3:>A?3<5679:3AB5A460

;56?:2 56?CZ? ;3B: ?Z5:=: =3 125E416 46B 3<543K1256<=: ;322:62 @A3 L:46? 432;:<2NK312;3B:2546C6BF:2=323<K:BK1=:2<62;46762=3>AB5A463X622322:432=:43L315: Q6B?6646<F9:3;322:62@A3?6<51<F6?A?KU<>AB:=36?1O6=3>:?:;43L315:0

F125E416:46BZC6236=6<6?3?E416 @A3Z23?;43 A?643>:<254A79:;2U@A1>63 1<53B3>5A6BA?643;4323<5679:=:;6226=:K125:2:C43::BF64=:;4323<533=:?31:2:>16B0 ?3?E416>:?:B3?C46<762ACQ351K6323B3>1:<6=6=:26>:<53>1?3<5:2;:=32341<=1K1=A6B:A >:B351K6?62;6466F125E416:46B6?3?E4161<=1K1=A6B2E53?23<51=:3?LA<79:=32A6 1<2>4179:<:>:<QA<5:2:>16B=62=3?612?3?E41620

22643;4323<5679:23B351K6=:;6226=:<A<>6Z6@A3B3=:1<=1KU=A:2:?3<53?62 =3B31<2341=:<A?>:<53X5:L6?1B1642:>16B<6>1:<6B02:>1EB:D:6A41>36BCq6>F2L:1A? =:2 ;41?314:2 ;32@A126=:432 6 325A=64 6 >653D:416 ?3?E416 6 ;64514 =3 A?6 6<NB123 2:>1:BED1>6<6=Z>6=6=3&'.)06463B362?3?E416229:>:<254AU=62;:4D4A;:22:>16120 G9:1<=1KU=A:2@A3B3?C46?<:23<51=:B15346BLU21>:?6229::2D4A;:2@A3=3534?1<6?:

:D340AB5A46:;AB64!43K12156<=:A? >:<>315:F125:41:D4NL1>:0 >0. @071:=3 $6<314:K:B0/<n&(&''S;0&d'&'.j3 1>F3B0.0..06?;1<62!6;14A2&''S0

(19)

@A3Z?3?:4NK3B356?CZ?>:?:234NB3?C46=:I:A23Q6:=3;:1?3<5:=653253?A<F62E 53?23<51=:3?43B679:6A?D4A;:=:@A6BL6O;6453;:4@A3;4322A;H3A?3K3<5:436BK1K1=: :A54:463?>:?A?0&(

?6=62K6<56D3<2=6F125E416:46B=341K6QA256?3<53=:@A36F125:416=:46 BC3451 >F6?:A=3GL62>U<1:=:K1K1=:I0 3X;341P<>16=:3<543K1256=:5:4<6:;6226=:?612>:<>435: 23<=:;:4122:65463<53<6=1KABD679:=:>:<F3>1?3<5:03226L:4?66;3>AB1641=6=3=: =:>A?3<5: =3 F125E416 :46B <9: 325N <: 1<3=1512?: =3 6BDA?6 1<L:4?679: :A <: ;433<>F1?3<5:=3B6>A<62?62=35:=6A?6;:25A463?43B679:\F125E4163\2>:<L1DA467H32 2:>1:>AB5A4612@A3;41K1B3D16643>A;34679:=:K1K1=:>:<L:4?3>:<>3C1=:;:4@A3?K1K3A0&d 3<54: =62 ;:221C1B1=6=32 =: A2: =6 F125E416 :46B 6 F125E416 ;:BU51>6 23 1<2343 <3226 ;342;3>51K6<:325A=:=62=1L343<532L:4?62=36451>AB679:3325465ZD162=365:4323D4A;:2<6 43>:<2515A179:=343=32=343B679:L:4?62=32:>16B1O679:3>6<612=31<D4322:<6>6443146 1<K3251D679:=33251B:2;:BU51>:232;3>UL1>:261<=1KU=A:23D4A;:20&/

=122345679:325N3254A5A46=63?54P2>6;U5AB:20;41?314:=12>A514N:;4:>322:=3 546<2L:4?67H32:>:441=62<643D19::4=32533?;6451>AB64<:23256=:2=334<6?CA>:31: 46<=3=::453<:@A3=1O432;315:6:?:?3<5:;:BU51>:32;3>UL1>:=:L1<6B=:26<:2&'S)3 =:2;41?314:26<:2=6=Z>6=6=3&'()3:2A4D1?3<5:=3?:K1?3<5:2=33=A>679:3>AB5A460 322323<51=:;4:>A46?:2432;:<=346223DA1<532@A325H32!@A3>14>A<25[<>162L6K:43>346?: 2A4D1?3<5: =:2 ?:K1?3<5:2 =3 3=A>679: 3 >AB5A46 ;:;AB64i :4 @A3 5612 ?:K1?3<5:2 >432>346?>:?56<56L:476<63D19::4=3253>:?:" 0.0.. 3 6 >6?;6<F6 i :?: 32232 ?:K1?3<5:2 >:<>3C346?6>AB5A46;:;AB64i@A612L:46?2A62;41<>1;6121<LBAP<>162i

: 23DA<=: >6;U5AB: K343?:2 >:?: 6 ;43L315A46 23 ;:21>1:<:A L43<53 \2 <:K62 =3?6<=62A4C6<62@A32A4D16?0 23DA<=6?356=3=6=Z>6=6=3&'S)6;:BU51>6<6>1:<6B =323<K:BK1?3<51256=:D:K34<:L3=346B=141D1AA?<:K::BF642:C4362>1=6=32C4621B3146202 6<231:2=3?:=34<1O679:3;4:D4322:43LB35146?<62546<2L:4?67H32<:32;67:LU21>:=6>1=6=3 @A356?CZ?;43>12:A23?:=34<1O640

:534>314:>6;U5AB:6C:4=643?:2>:?::232;67:2>AB5A4612L:46?1<>:4;:46=:2;3B: ;:=34 ;YCB1>: 6: >:51=16<: =6 >1=6=3 =3<:?1<6=:2 ;46762 =3 >AB5A460 ;4676 6: 234 546<2L:4?6=63?;4676=3>AB5A466=@A141AA?<:K:23<51=:>:<2515A1<=:233?A?32;67:=3 =1K3429:=3;4:?:79:=62546=17H32;:;AB64323?A?32;67:=31<254A79:<6?3=1=63?@A3

-k 6A41>3070 29:6AB:!3<56A4:.))(0;0&*0

-343<609. 0-53X5:23?F125E416:46B01:=3$6<314:!.))*0;0&(0

_{=0C1=0;0.*.S0L0 2;N2160125E416:46B3;:BU51>60<! 641356%4D0+0}

(20)

(21)

678*92+:5+,,,8%&3%(+%&(*(4$*%&3%(

3253>6;U5AB:>:B:>643?:23?@A3259::;4:>322:=3546<2L:4?67H32:>:441=62<6 43D19::4=32533?;6451>AB64<:23256=:2=334<6?CA>:31:46<=3=::453<:@A3=1O 432;315:6:?:?3<5:;:BU51>:32;3>UL1>:=:L1<6B=:26<:2&'S)3=:2;41?314:26<:2=6 =Z>6=6=3&'()3:2A4D1?3<5:=3?:K1?3<5:2=33=A>679:3>AB5A46;:;AB642A4D1=:2<3223 ;34U:=: =6<=: :41D3? 6 32;67:2 32;3>UL1>:2 =3 >:<K34DP<>16 =3 1=Z162 3 ;4N51>62 =32232 ?:K1?3<5:2>:?:62;46762=3>AB5A460

;4:CB3?N51>63?5:4<:=:@A323=3<:?1<:A.0..<:453:A62=12>A22H32 =6Z;:>6546O1=62;:45612?:K1?3<5:2@A33?2A6?61:416346?B1=346=:2;:41<53B3>5A612 =14356?3<53B1D6=:26D4A;:2;:BU51>:2>:<21=346=:2=332@A34=6:A;4:D432212560:16546KZ2 =:@A323>F6?:A=364533<D6Q6=6@A332232?:K1?3<5:2=346?\3X;43229:>AB5A46;:;AB64 A?6>:<:5679:;:BU51>66>AB5A46>:?:1<254A?3<5:=3>:<2>13<51O679:;:BU51>632:>16B=: ;:K:3<9:6;3<62>:?:3X;43229:=364530&'_{:156?CZ?6;64514=32232?:K1?3<5:2@A3} 32;67:2>AB5A4612L:46?>416=:2:AD6<F646?<:K:2A2:202;67:2=3;4:=A79:3=343>3;79: =31=Z1623=3;4N51>62@A33<K:BK16?6=12>A229:3?5:4<:=6<679:6546KZ2=:@A323 >F6?:A>AB5A46;:;AB640

3<=: 6221? 6C:4=643?:2 6BDA?62 @A325H32! @A3 >14>A<25[<>162 L6K:43>346? : 2A4D1?3<5: =:2 ?:K1?3<5:2 =3 3=A>679: 3 >AB5A46 ;:;AB64i :4 @A3 5612 ?:K1?3<5:2 >432>346?>:?56<56L:476<63D19::4=3253>:?:" 0.0..

36>6?;6<F6 i >F6?:21?;:456<53<3223>6;U5AB:

6C:4=64?:2:2=:12?:K1?3<5:2;:12L:46?23?3BF6<5323?2A62;4N51>62L1<6<>16=:2;3B: ;:=34;YCB1>:3:L:11<2;14679:;6466267H32=643L315A46=3656B0 ;4676=3>AB5A46 L:1A?3X3?;B:=122:0

;4:CB3?N51>6=6>AB5A46;:;AB64L:1:31X:>3<546B<6=12>A229:2:C43:<6>1:<6B0 3223 ?:?3<5: : ;:K: ;622:A 6 234 2AQ315: 3 6 <679: 2E 23416 2:C346<6 6 ;64514 =6 >:<2>13<51O679:=62>B62232;:;AB64323=62A6;6451>1;679:<6546<2L:4?679:=62:>13=6=30 >AB5A46;:;AB6423416:1<254A?3<5:;6466546<2L:4?679:2:>16B0:?:32232?:K1?3<5:2 >:<>3C346?6>AB5A46;:;AB64i@A612L:46?2A62;41<>1;6121<LBAP<>162i

=Z>6=6=3&'()L:1A?;34U:=:C6256<53;3>AB164<6F125E416=:;6U20:?3<5:=3 431K1<=1>67H32<:2>6?;:2;:BU51>:3>:<e?1>:33=A>6>1:<6B0:?3<5:?64>6=:;:4D46<=3

(22)

>41651K1=6=33@A3251:<6?3<5:2=3?:C1B1O67H323=323Q:=3?A=6<76203>4U51>6\;:BU51>6 =:?1<6<530223;34U:=:56?CZ?L:1A??:?3<5:=3546<2L:4?67H32<:?A<=:03256Z;:>6 53K31<U>1:A?6D46<=343K:BA79:>:?;:456?3<56B>:?::2A4D1?3<5:=:L3?1<12?:3:2 ?:K1?3<5:2>1K123?L6K:4=:2<3D4:23F:?:223XA61206;6$:9:hh6C41A::<>UB1: 651>6<:546O3<=:?A=6<76221D<1L1>651K62;6466D43Q665EB1>60A4D146??:K1?3<5:2=3 >:?;:456?3<5:>:?::2 @A3;4:53256K6?>:<54N41:2\ A3446 416\A3446=: 135<936:46>1:<6B12?:0223?:K1?3<5:L:156?CZ?>F6?6=:=3>:<546>AB5A460>:443A 56?CZ?63K:BA79:AC6<6<6 ?Z41>6651<6B3K6<=:1=3B6254:6:;:=340

<54356<5:6K:<56=3=3?A=6<76L:1K1K3<>16=61<53<26?3<53=32=3:26<:2&'S)02 6<231:2 =3 ?:=34<1O679: ;4:D4322: 3 1<=A25416B1O679: 43LB35146? <62 ?A=6<762 2:>1612 >AB5A46123;:BU51>62=:;34U:=:0=321D<644:Q6=:3:>:<>43512?:<6264532;BN251>62L:46? 6 ?64>6 =3223 ;34U:=:0 BZ? =6 6C345A46 ;:BU51>6 @A3 L6K:43>3A 5:=6 3226 3L34K32>P<>16 >AB5A46B6F125:416=:463BB:2:6>432>3<5661<=6@A36L:4?679:=3A?;YCB1>:A4C6<:36 3?34DP<>16=3A?6>AB5A46=3?6226>:<541CAU46?=3L:4?621D<1L1>651K6;646641>6;4:=A79: >AB5A46B =6@A3B3 ?:?3<5:0 G<546?:2 <: 53?;: >AB5A46B 6>3B346=: :<=3 :2 21D<:2 23 ?AB51;B1>6? K:6<=: 6: >:<2A?: 1?3=165:I0 :?376? 6 534 D46<=3 >14>AB679: D1C12 L:5:<:K3B62 :2 ;4:D46?62 =3 6A=15E41: =62 4N=1:2 5:4<646?23 ?612 >:<>:441=:2 62 >F6<>F6=62=6 5B[<51=651<F6?;YCB1>:>345:0.)

:L1<6B=6=Z>6=62A4D146?62?6<1L32567H32@A3;:25341:4?3<535:?6416?L:4?6<:2 ?:K1?3<5:2 =6 -:226 :K6 1<3?6 :K: 3654: =: ;41?1=: 3 ?Y21>6 =3 ;4:5325:0 -A2>6K6?23 <:K62 L:4?62 =3 3X;43229: 645U251>6 >:? : :CQ351K: =3 1<53D464 >AB5A46 ?:=34<1=6=33=323<K:BK1?3<5:0.&

63=A>679::L1?=:D:K34<:=3$A2>3B1<:cAC152>F3pL:1?64>6=:;3B:=3C6533? 5:4<:=631=314541O323-6232=6=A>679:6>1:<6B<:2E4D9:23=A>6>1:<61221<=1>612 ?31:2325A=6<512<61?;43<26046<2L:4?67H32<:32;67:LU21>:=6>1=6=3=3?:<2546K6?: 1<>43?3<5:=31<:K67H3253><:BED1>62362<:K6253<=P<>162A4C6<U251>623664@A1535A46=3 -462UB16L:1A?3X3?;B:=122:01K162356?CZ?A??:?3<5:?64>6=:>646>5341O6=:;:4A?6 ;:BU51>6 <6>1:<6B ;:;AB1256 >646>5341O6=6 ;3B6 K6B:41O679: =: ;:K: 3 =3 2A6 >AB5A46 <: =323<K:BK1?3<5:=6<679:6:?32?:53?;:3?@A3A?6;:BU51>6=3>:?;4:?122:653<=16 6:21<53432232=:2=1K342:2235:432=62:>13=6=30

3DA<=:6<<163X;43229:;:;AB12?:53?21=:=321D<6=6;646=1K342:2L3<e?3<:2 F125E41>:2356<5:<:2;6U2323A4:;3A26?341>6<:2621N51>:236L41>6<:23?@A3:>:44346?

e<1>60 =A;B6L6>3=3$6<:!4:?6<512?:3;:;AB12?:0<!o<D3B6=66254::?32 %:4D0+09GHI01:=3$6<314:!A<=679:35YB1:64D62.)).0;0&dT&d*0

(23)

?:K1?3<5:2=3?62262;6451=:2;:BU51>:23D:K34<:2:2325A=1:2:2=32:>1:B:D16;:BU51>6 3>:<:?163F125E416=3<:?1<6?=3;:;AB125620.._{6 ?Z41>6651<6:;:;AB12?:>:?37:A6} 234 325A=6=: <:2 6<:2 =3 &'S)0 : -4621B :2 325A=:2 ?612 21253?N51>:2 3? 43B679: 6: >:<>315:L:46?=:2>13<5125622:>1612=6<62=Z>6=62=3&'d)3&'/)>:?:46<>12>: k3LL:45>56K1:6<<13<543:A54:20.T

534?:;:;AB12?:;622:A623443>:443<536;E2&'*S33?=1L343<532?:?3<5:2=6 ;:BU51>6 C4621B3146 D6<F:A =1K34262 >:<:567H32 234K1<=: ;646 =321D<64 ?6<1;AB679: =6 ;:;AB679:;3B:;:=34;YCB1>:>:?:A?51;:32;3>UL1>:=3;:=34:A>:?:6;6451>1;679:=62 ?62262<:;4:>322:;:BU51>:0322323<51=:k3LL:45@A3:>646>5341O6>:?:A?L3<e?3<: A4C6<:43226B56@A3:;:;AB12?:L:1A?L3<e?3<:;:BU51>:@A3622A?1A=1K34262L6>35623 32562 L:46? L43@s3<53?3<53 >:<546=15E4162 6;4323<56<=: =3226 L:4?6 : ;:;AB12?: >:?: 53<=:A?>64N5346?CUDA:>:<2515A1<=:6A?2E53?;:?6<1;AB679:326512L679:=62>B62232 ;:;AB64320

:16;64514=3&'SS>:?:D:K34<:=3$A2>3B1<:cAC125>F3p3>:?:2D:K34<:2 ;:25341:432=3$[<1:"A6=4:23$:9::AB645@A32353<5:A1<>A514<:;:K:C4621B314:A?6 ?3<56B1=6=3=323<K:BK1?3<51256=3>:<2>1P<>16=6=3L626D3?2:>1:>AB5A46B3?43B679:6:2 ;6U232=323<K:BK1=:20 <3>3221=6=3=3;6451>1;679:=31<53B3>5A612<3223;4:>322:235:4<:A A?6=62@A325H32?6123<L651O6=620.*

3223 >:<53X5: 5:?:A L:476 6 A5:;16 <6>1:<6B1256 3? @A3 6 1<=A25416B1O679: 3 6 53><:B:D16346?62?3562=:D:K34<:0 2:>13=6=3>:?;4:?351623>:?6<679::;4:D4322: 3:=323<K:BK1?3<5:1<=A25416B0<6>1:<6B12?:L:4<3>3A6546?6=6K1=6;:BU51>60.S_32?:6 32@A34=6@A36;E2:256=::K:6;4323<5:A2A62BA562;:BU51>62K:B56=62;6466243L:4?62 1<2515A>1:<612 <6 =3L326 =: <6>1:<6B12?: 6B16<=:23 6 235:432 =6 CA4DA3216 <6>1:<6B =1256<>1:A23 =62 546=17H32 53E41>62 3 ;4N51>62 ?64X125620.(_{:? : <6>1:<6B} =323<K:BK1?3<512?: :2 D:K34<:2 ;:;AB12562 >:<23DA1416? >:<>1B164 :2 1<53432232 =6 CA4DA3216 <6>1:<6B >:? 6 ;:BU51>6 =3 ;6451>1;679: =: ;:K: <: >432>1?3<5: =6 <679:0 <6>1:<6B12?: 6>6C:A L6K:43>3<=: 6 >:<51<A1=6=3 =3 A?6 ;:BU51>6 ;:;AB1256 K:B56=6 6:2

>5NK1:0 15 0 .0 02 .03=01:=3 $6<314:! 1K1B1O679: -4621B3146&''&0;0&/0

L0k46<>12>:09.$0 01:=3$6<314:!6O33446&'/(j >5NK1:09.G01:=3$6<314:!1K1B1O679:-4621B3146&'d/jWWWWWW015 0.000j-A15641<0C:.! 0=3-644:20 44632 06>34=60-41O:B609:6AB:!0 0"A314EO&'d'0

2?64%4D0+0.0...5.!?3?E416=:26<:2()0;0.*'0

e<1>60 =A;B6L6>3=3$6<:!4:?6<512?:3;:;AB12?:0!o<D3B6=36254::?32 %4D0+09GHI0;0&d*0

(24)

1<53432232 =3 KN41:2 235:432 =6 2:>13=6=3 ;:12 =3A 6: ;:;AB12?: A? 1<254A?3<5: =3 ?:C1B1O679:;:;AB646546KZ2=:6;3B:62U?C:B:2<6>1:<6120

=323<K:BK1?3<5: 54:AX3 6A?3<5: =: ;:=34 6@A12151K: =62 >6?6=62 ;:;AB6432 6A?3<56<=:=3226L:4?6:>:<2A?:0226<:K6215A679:<9:346C3?K1256;:46BDA<2235:432 1<53B3>5A612;:1223<=::;:K:6223=16=:;3B6?U=166>6C6K6;:443;4:=AO14K6B:432>AB5A4612 @A3<9:346?:223A2;34=3<=:236221?6>:<2>1P<>16=323A;6;3B<6>:<254A79:=6<679:0 >AB5A46346622:>16=6\>:<2>13<51O679:<A<>66:B6O343\=1K3429:0.d_{L:156?CZ?6546KZ2} =664@A1535A463L314621<=A2541612@A323CA2>6K643;6464:65462:5Z><1>:0

6 43D19: :4=3253 3223 =12>A42: L:1 =143>1:<6=: \ >41679: =6 %A;341<53<=P<>16=:323<K:BK1?3<5:=::4=3253+ 3?&'S'@A351<F6;:4L1<6B1=6=36 1<534K3<79:;B6<3Q6=6=:256=:<643D19:>:?:;4:;E215:=3546<2L:4?64::4=32533? ;EB:;4:=A51K:1<53D46<=::\3>:<:?16<6>1:<6B36:=323<K:BK1?3<5:=:3<54:2AB=: ;6U20 :1 <3226 43D19: @A3 :2 KN41:2 ?:K1?3<5:2 =3 >AB5A46 ;:;AB64 23 =323<K:BK346?0 3256>6?:2 : " 0 .0. . %+ K1<>AB6=: 6 43L315A46 =3 3>1L3 >416=:3?&'()>4:<:B:D1>6?3<53:?6126<51D:j36>6?;6<F6

=643L315A46=3656B>416=63?&'(&0./

2?:K1?3<5:2=33=A>679:3>AB5A46;:;AB642A4D146?>:?5:=6L:476<322643D19: @A3K1K16A?1<53<2:;4:>322:=3BA562>:?6:4D6<1O679:=:2546C6BF6=:4324A461203DA<=: :<>3179:E32

3226 43D19: 3? 6>3B346=6 ?:K1?3<5679: ;:BU51>6 ;3B6 ;41?3146 K3O :2 >:<LB15:2546C6BF12562<6O:<64A46B<9:346?K125:22:CA?6E51>6?3221[<1>6 :A3?43C3B=1621<=1K1=A612046?54656=:2=3L:4?6:4D6<1O6=66546KZ2=62 1D626?;:<32623=:221<=1>65:24A4612LA<=6=:2;3B6D43Q665EB1>63 >:?A<125620.'

BDA<26>:<53>1?3<5:256?CZ?L:46?1?;:456<532?64>6<=:A?<:K:?:?3<5:=3 ;6451>1;679:;:BU51>6=:2546C6BF6=:4324A4612!6:<L34P<>16=346C6BF6=:432364N3

_e<1>60

.1H!4:?6<512?:3;:;AB12?:0<!o<D3B6=36254::?32 %4D0+09GHI0;0&/T0

:46=::4=325353?:2:3<54::;AB64=3AB5A46%+=6<19:6>1:<6B=:225A=6<532%+<:1: =3$6<314:>416=:3?&'(&03253K33?KN4162;64532=:;6U21<>BA21K33?656B6546KZ2=6K:B6<53 :<=3=323<K:BK3A651K1=6=32QA<5:6: 0:K1?3<5:=3=A>679:=3 -623%-+1<1>1651K6=6:<L34P<>166>1:<6B=:2-12;:2=:-4621B%--+343>:<F3>1=:;3B:D:K34<: L3=346B%&'(&+0

(25)

646UC63?&'STj:<D4322:=36BK679:=::4=32531=36B1O6=:;3B:6451=::?A<1256 -4621B314:%-+3?&'SS36436B1O679:=3>:<D4322:23256=A612=3546C6BF6=:4324A46123? KN41:23256=:2<:4=3251<:20 21D626?;:<3262233253<=346?;:45:=6643D19:=A46<53)S 6<:2>:<23DA1<=:6K6<7643?@A325H32>:?:643L:4?66D4N416>:?6C6<=3146G3L:4?6 D4N416<631:A<6?6446I<6:>6219:=::<D4322:6>1:<6B=3B6K46=:4323?-3B: :41O:<53<:6<:=3&'(&0T)

3?;:=343>:<e?1>:;:4Z?643D19:>432>16;:B151>6?3<53>:?6K15E416=62L:4762 ;4:D432212562<623B317H32?A<1>1;6123?3>1L3>:?6K15E416=643<53=33>1L353<=: >:?: 43;4323<56<53 1DA3B 44632 3 3? 656B >:? 6 K15E416 =: <6>1:<6B1256 Q6B?6 646<F9:;6463X34>3423A23DA<=:?6<=65:<643L315A460

?C:2:2D:K34<:2;4:?:K346??:K1?3<5:2;:;AB6432:36>6?;6<F6

3 3251K346? 3? >:<256<53 =1NB:D: :2 ?:K1?3<5:2 ;:22AU6? ;4N51>62 23?3BF6<532 3 62 ;46762 =3 >AB5A46 L:46? A? 546C6BF: =323<K:BK1=: ;41?3146?3<53;3B:0

?;:456<53 6221<6B64 56?CZ? @A3 : ?:?3<5: ;:BU51>: K1K1=: <32232 =:12 3256=:2

L6K:43>3A:2A4D1?3<5:=:3=: 0:?:<:2

?:254661K656<5:3?34<6?CA>:>:?:<:1:46<=3=::453:>:44346?L3<e?3<:2 23?3BF6<5320 2 >6<=1=65:2 L6K:4NK312 \ 1<=A25416B1O679: 3 6 A?6 ;:BU51>6 =3 43L:4?62 K3<>16?623B317H32;646:D:K34<:=:3256=:06<=1=65:2=332@A34=6<6>1:<6B12562346? 3B315:2;43L315:2=62>6;1561231<>BAU6?3?23A2;4:Q35:2=3D:K34<:;4:D46?62=36?;B1679: =643=332>:B643:>:?C6536:6<6BL6C3512?:0 ;:BU51>6=643<536>1:<6B12566;64514=3 &'()K126K6\>:<@A1256=:2D:K34<:23256=A612;3B:2;43L315:2:@A3L:1>:<23DA1=:3? 34<6?CA>:3?&'(.0T&

?34<6?CA>:6=12;A563B315:46B;646::K34<:3256=A6B>:<5:A>:?L:4536;3B: ;:;AB64>:?6:413<5679:=3L14?6232;3>16B1O6=623?;4:;6D6<=63B315:46B3;:4?31:=3 6B16<762;:BU51>623<543643<53=33>1L336<19:3?:>4N51>66>1:<6B%+3?&'S/ ;4:>322:23?3BF6<536::>:441=:<:1:46<=3=::4530 >432>3<5661K6!

?32?66B16<76@A33B3D3461=6?;61:3?&'S/>:<=AO1A\43L315A46=3 3>1L323A>A<F6=:1DA3B 446323?&'()j<:1:46<=3=::453<6 ?32?6>6?;6<F63?@A3233B3D3A BAUO1: BK32L:1>:<=AO1=:Q6B?6

646<F9:\43L315A46=3656B0T.

$A251<6K6=3 46YQ:0>0.0$0!325A=:=3A??:K1?3<5:%&'()&'('+0;0S*0

_6<1B=60

.* 0009:6AB:!466B&'/)0;0.&0

(26)

?;:456<53=3256>6456?CZ?643B679:3X1253<533<543Q6B?6646<F9:3:2=:12 ;:BU51>:2?6123X;:3<532=632@A34=6;34<6?CA>6<61DA3B 4463233BE;1=621BK3146 :K34<6=:4=334<6?CA>:036>:4=:>:?34?6<:L:1>:?1DA3B 4463233BE;1=62 1BK3146@A3Q6B?6646<F9:L3O23A2;41?314:2>:<565:2;:BU51>:2L:46=:3256=:0G46: 1<U>1:=3A?1<534>[?C1:=3A?6>::;34679:@A3141623K341L1>642:C435A=:6546KZ2=: :K1?3<5:=3AB5A46:;AB6436>6?;6<F62ITT

546Q35E416 3 ;4N51>62 ;:BU51>62 =:2 ;43L315:2 44632 3 646<F9: 56?CZ? L:46? 1DA6B?3<53L6K:4NK312632266;4:X1?679:01DA3B 44632=3 B3<>641<1>1:A2A6546Q35E416 ;:BU51>6@A6<=:622A?1A:>64D:=33>435N41:=66O3<=6<::K34<:=3-64C:261?6 :C41<F: 3? &'*/0 6;4:X1?679: >:? : 3<59: :K34<6=:4 =3 34<6?CA>: 6>:<53>3A @A6<=:1DA3B 44632346LA<>1:<N41:=:<2515A5:=: 7Y>643=: B>::B% +0-64C:26 1?6:C41<F:346;4321=3<53=:<2515A5:3<:?3:A 446323B3D6=:3D1:<6B=: 0

?&'S)3B3D3A23=3;A56=:3256=A6B433B315:3?&'S/53<=:236L6256=:3?&'S' ;646622A?1463>4356416=66O3<=6=::K34<:1=6?;61:0?&'()L:13B315:43L315: =33>1L3;3B643<53=33>1L3>:?:6;:1:=3>:?A<125622:>16B125623546C6BF1256203? &'(.3B3D3A23D:K34<6=:4=:3256=:0A66=?1<1254679:;:;AB64L:1?64>6=6;3B6;4:?:79: =:3;3B:6;:1:6:4D6<1O679:=:2546C6BF6=:4324A46120:?::B;3=3&'(*L:1;432: ?6<=6=:;6463XUB1:<6 4DZB1623<=:6<12516=:3?&'/.0T*

36>:4=:>:?:AO632;3>16B12563?125E416=334<6?CA>:6;4:;:256=:D:K34<: $:9::AB645L:1=3L3<=1=6<:[?C15:3256=A6B;:41DA3B 446320 ;4323<56<=:A?D:K34<: >:?:6;:1:36451>AB679:=62>B62232;:;AB6432235:432;4:D4322125623<6>1:<6B12562L4A5:=6 L:4?679:=643<53=33>1L30TS

? 43B679: 6: 43L315: Q6B?6 646<F9: BU=34 =6 43<53 6>1:<6B1256 3? 656B 56?CZ?6;4323<5:AA?D:K34<:@A3>:<56K6>:?L:4536>315679:;:4;6453=6;:;AB679:>:? >6?;6<F62;:;AB64323;4:;:2562=3>A<F:<6>1:<6B125620

$:2Zk1BB1<D5:<0!6>6?;6<F6=3;Z<:>F9:0;0/T0

-A15641<0_C:.2;0('dT0

(27)

.0&$ f

1BF:=664125:>46>16B:>6B<35:=:23<F:4=33<D3<F:3B12?1<:=3 BCA@A34@A3 646<F9:3=3[<=1=61B:?3<6 BCA@A34@A3646<F9:?:4:A65Z&'.d<6L6O3<=69: 3=4: 3<543 :2 ?A<1>U;1:2 =3 6Q32 3 3=46 4356 @A6<=: 23 ?A=:A >:? 23A2 ;612 : L6O3<=314:A1OD<N>1:646<F9:36B:?Z646<F9:314?9:2;646656B0T(

Q6B?6646<F9:6BDA<26<:2=3;:121<1>1:A2A6546Q35E416;:BU51>6>:?&*6<:2=3 1=6=30:1;6469:6AB:6B125:A23<:XZ4>15:3;6451>1;:A=63K:BA79:=3&'T.<6@A6B L:1;432:33X;AB2:=:3XZ4>15:0GA<>6232:AC3>:?:<3?;:4@A33?&'T.Q6B?6 646<F9:l000m3<54:A3?>62636K12:A65:=:2!:A6B12564?3<62L:476243K:BA>1:<N4162 K:A;469:6AB:K:A3?C:46I0Td

?:?3<5:;:BU51>:=:1<U>1:=:26<:2&'T)643;34>A229:=643K:BA79:3?656B62 6D1567H32;:BU51>62;:=3?5341<LBA3<>16=:61=6=3Q6B?6646<F9:;6469:6AB:0 =Z>6=6=3&'T)L:141>63?;:221C1B1=6=32;646:2Q:K3<2=62>6?6=62?Z=162A4C6<62@A3 =32;3456K6?;6466;:BU51>63?C:46L:223?B1D6=:2\2:B1D64@A162;:4B67:2=3;643<532>: =1L1>1B?3<53 53416? 6>322: 6: 32;67: ;YCB1>: @A3 3256K6 :>A;6=: ;3B:2 L1BF:2 =:2 ;4:;4135N41:2=353446=:26B5:2>:?34>16<532=33X;:45679:31?;:45679:3=:2L1<6<>12562 >:?2A62;4N51>62546=1>1:<6120T/

L14?6 E32 @A3 62 :B1D64@A162 @A3 =:?1<6K6? :2 235:432 ?612 1?;:456<532 =6 3>:<:?16 %26B 67Y>64 3 6BD:=9:+ 3256K6? \ L43<53 =: ;:=34 :4D6<1O6<=: 62 =1K34262 1<25[<>162@A3>:?;H3?:256=:1<=1>6<=:=32=3:234K3<536:>F3L3?612D46=A6=::A=3 @A6B@A34:A546:>A;679:;YCB1>6;646:>A;679:=:2>64D:2<6243;64517H320T'

4:K6K3B?3<53L:13?9:6AB:@A3Q6B?6646<F9:53K3:2;41?314:2>:<565:2 >:?6 B16<766>1:<6B1C3456=:46% +3>:?:6451=::?A<1256-4621B314:%-+0 3226L:4?6@A6<=:646<F9:K:B5:A;646656B3?&'Td*)_{;622:A63X34>346?1B15[<>16}

6416 :<>3179: 1<5: =30 0 .$J C:/ " ! >41259:2 3 >:?A<12562 <6 >:<254A79:=6A5:;1600;0T.0

=0C1=0;0**0

=0C1=0;0TS0

6416:<>3179:1<5:=30 0 .$J C:/ " !>41259:23>:?A<12562<6 >:<254A79:=6A5:;160;00TS0

(28)

;:BU51>6 1<1>16B?3<53 6546KZ2 =: Q:4<6B12?: 546C6BF: 1<1>16=: @A6<=: 3253K3 <: 1: =3 $6<314::<=365A:A3?=1K342:2Q:4<6120*&

3223;34U:=:3X12516?TdQ:4<612<6>1=6=3=3656B=32=3:2Q:4<612=:2>3<54:2 6>6=P?1>:2325A=6<512B1534N41:2;:BU51>:243B1D1:2:2=32;:4512562365ZFA?:4U251>:20*._E32 43226B56@A36?61:416=:21<53B3>5A6123;:BU51>:2@A323=3256>646?<62=Z>6=62;:25341:432 53K323A6;43<=1O6=:<32232Q:4<612332;3>16B?3<53<:Q:4<6B Q:4<6B:L1>16B=: 256=:3:?6126<51D:=6>1=6=3>416=:3?&//'0:46?>:B6C:46=:432=3223Q:4<6B! BA1O1: BK32Q6B?6646<F9:AUOD<N>1:646<F9:1BF:61?A<=::<65:34<6<=32$:2Z 44A=6[?64634U221?:=33B:$:2Z[<=1=:1BF:[?64662>A=:3<543:A54:20*T

Q6B?6646<F9:>:?:Q:4<6B1256546C6BF:A3>:B6C:4:A3?KN41:2Q:4<612<:45341: D46<=3<232 65A6<=: 3? =1K34262 LA<7H32 3 32>43K3<=: 2:C43 :2 ?612 =1K342:2 53?620 22A?1A62LA<7H32=343;E453443K12:423>435N41:343=65:40<543:2Q:4<6123?@A33B3 65A:A;:=323=3256>64!:Q:4<6B=:4P?1:1534N41: <5e<1:B1>Z41:3:Q:4<6B ;J0 %&'Td+j 3 ># %&'T/+ 6?C:2 =6 >1=6=3 =3 6>6Aj 6 0 H.0 %&'T/+ :<=3 6221<6416<3223?32?:6<::6451D: 00. B:.j 0 < %&'T'+ 6BZ? =3 >4164 : 23?6<N41: 32;:451K: 9 00 %&'T/&'T'+** =3251<6=: 6:2 23D?3<5:2 32;:451K:2>:?::CQ351K:=3=1KABD641<>3<51K643:4D6<1O6462;4N51>6232;:451K620

;64514=3&'T'5:4<:A2343;E4534343K12:4=:Q:4<6B 23223?32?:6<: 6&/=32353?C4:=31X:A 3;6451>1;:A=6LA<=679:=:Q:4<6B 9 / @A3 ;:25341:4?3<53 3? &'*S L:1 K3<=1=: 6:2 / 0 &u =3 ?61: Q6B?6 646<F9:6=@A141AQA<5:>:?A1:4314661K6:>:<54:B3=:/0Q:4<6B23DA1A23A

=3251<:!6.(=3Q6<314:=3&'*S;6226K66:2//36)T=3?647:=3

&'*d1<515AB6K623/<00*S

;41<>1;6B46O9:;646Q6B?6646<F9:5341=:546C6BF64<:1N41:L:16<3>3221=6=3 @A351<F6=33X;:42A621=Z162:@A3<r 3463X543?6?3<53=1LU>1B<6?3=1=63? @A3:Q:4<6B346>:<54:B6=:;3B:D:K34<:=:3256=:0:16;64514=3226B1C34=6=3@A33B3;:=3 32>43K34<:/2A621=Z1622:C436A3446A<=16B32A6;:2179:>:<54N4163?43B679:\ ;6451>1;679:C4621B3146<:>:<LB15:0*(_{3223;34U:=:56?CZ?L:1>:4432;:<=3<53=:}₀

BNA=1:%4D0+>E. 2G00 :00 00656B!3C:34?3BF:.))*0;0&d0

L06<:3B:=41DA32=30/C;<0'(=?*'(K?09:6AB:! :453Oj656B!A<=679:$:2Z ADA25:&'/d0

_{6416:<>3179:1<5:0;0>150;0***S0}

6416=6A16=3:AO60!"..00150;0S.0

BNA=1:0>E. 2G00 :00 00;0&d&/0

(29)

. %&'*T+3<3226?32?6Z;:>6L:1>416=::Q:4<6B 9 "0 @A3Q6B?6 646<F9:=141D1A65Z&'S)<:51>16<=::?:K1?3<5:=3>64D63=32>64D6=:2<6K1:2<:;:45: =3656B0*d_{?&'*SLA<=:A:Q:4<6B} */_{?32?:6<:3?@A36=341A6:>6L3U2?:0}*' ?&'S)646<F9:61<=63256K6B1D6=:6:/332>43K166>4e<1>6<090 ;ACB1>6=:26:2=:?1<D:23?9"0S)

<54356<5:L:1<:H<03<6@A3Q6B?6646<F9:;:=3

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

:5:>6<53\;:BU51>6;6451=N416;4:;416?3<53=1566546Q35E416=3Q6B?6646<F9: 6;4323<5:A?A1562;3>AB1641=6=320:1?1B156<53=:-QA<5:>:?23A14?9:AU2D<N>1: 646<F9: 65Z : L1? =: 256=: :K:S&_{0 :? 6 43=3?:>4651O679: =: ;6U2 3? &'*( 6} B3D6B1=6=3>:<2515A>1:<6BL:1435:?6=60 221?3B317H32;4321=3<>1612L:46?436B1O6=62L:1 3B6C:46=6A?6<:K6:<2515A179:3L:46?>416=:2;6451=:2;:BU51>:2<6>1:<612L:4532S.₀₂₂₆ <:K6>:<L1DA4679:;6451=N416<6>1:<6B1<LBA3<>1:AL:453?3<536;:BU51>6<:1:46<=3=: :4530

322323<51=::2;6451=:2<6>1:<612@A3;622646?6534B1=346<762<:1:46<=3=: :453L:46?6<19:3?:>4N51>66>1:<6B%+3:6451=::>16B3?:>4656%+0 @A1<:3256=:63:2A4D146?6;64514=3A?64A;5A46<:6<51D:%6451=: :;AB64+ST_{0 221?;622646?6L6O34;6453=6<:45341:D46<=3<23:2?3?C4:2=:@A3} L6O16?:;:2179:635YB1:64D62346?3B32!1<6453641O$AK3<6B6?6451<3$:2Z ADA25:

BNA=1:0;0>152;0&d0

=0C1=0;0&/0

6L3U2?:346:<:?3=6=:6>:443<53;:BU51>6B1=346=6;:46LZ1BF:0

BNA=1:0;0>150;0&/0

_{6B3\;3<643>:4=64@A3=A46<535:=::256=::K::-3253K3<6>B6<=3251<1=6=33L:1=A46?3<53}

;3423DA1=:;:464D620

5Z&'*(:2;6451=:2346?<151=6?3<533256=A6120

(30)

-3O3446=33=314:26L6?UB16:26=:S*_{3 BAUO1: BK32}SS_{0$N:34643;4323<56=:;:4} ?3?C4:2 =: 6<51D: @A3 L:46? 1<534K3<5:432 :A 346? B1D6=:2 6 3B320 2 ;41<>1;612 B1=346<762 =: 346?! F3:=:41>: -3O3446 3:4D1<: K3B1<: 3 1:>BZ>1: A64530 646B3B6?3<536:363X12516?;6451=:2>:?A?6?3<:43X;43229:3223346:>62: =:6451=::>16B4:D43221256%+01=346=:;:46LZ1BF:@A3346>:<21=346=:A?6 534>3146 L:476 ;:BU51>6 <: 1: 46<=3 =: :453 : <9: ;3453<>16 \2 L:4762 ;:BU51>62 :B1DN4@A1>62@A3=:?1<6K6?6;:BU51>63256=A6B0 2:B1D64@A16223=1K1=16?3<54363: 0

3223>:<53X5:=3?A=6<762<63254A5A4679:=:2;6451=:2@A3>646>5341O:A623DA<=6 ?356=3=:26<:2&'*)3:26<:2&'S)Q6B?6646<F9:56?CZ??A=:A0 ;E2&(6<:2=3 ?1B15[<>16<:-S(_{646<F9:;622:A6?1B1564<:>6L3U2?:03DA<=:E32346<:>6L3U2?:} @A33256K6?G6D4A;6=6262L:4762;4:D432212562=:1:46<=3=::4532:C6C6<=3146=6 BA56>:<546:256=::K:3:L62>12?:0I6>432>3<56G:L3<e?3<:5U;1>:=62BA562=62 >6?6=62?Z=162A4C6<62>:<54662:B1D64@A162=63;YCB1>63BF6<:1:46<=3=::453 23>F6?6>6L3U2?:0ISd₀

:C234K679:=3:Z2Z;64>16B?3<53K34=6=3146022:;:4@A3<:256=::2D4A;:2=3 32@A34=6@A3<6Z;:>66;4323<56K6?>:?:;41<>1;6BC6<=3146=3BA5666=:79:;:4;6453=: 3256=:=3A?6;:BU51>6<6>1:<6B1256<9:346?6;3<62:2>6L3U25620 32@A34=63256K6=1K1=1=6 3<543 :-%>:?A<12562+3:%>6L3U25621<=3;3<=3<532+S/_{0<54356<5::2>:?A<12562} <6@A3B3?:?3<5:51<F6?A?63X;43229:;:BU51>6C3?1<L341:46:>6L3U2?:0S'

>6L3U2?:<:1:46<=3=::453651<D1A23A6AD3@A6<=:6LZ1BF:622A?1A6 K1>3;4321=P<>16=63;YCB1>60:=6K16:=1256<>16?3<5:=36LZ1BF:3?K145A=3=62<:K62 LA<7H32;4:K:>:AA?1?;6>5:<3D651K:<:@A3;34=3A2A6D46<=3B1=346<76B:>6B0646 2A;41466A2P<>16=36LZ1BF:Q6B?6646<F9:5:4<:A23:BU=34B:>6B=:0 32>:BF6

L0$:2Z6>34=6 BK320&, 5.:!:2:26=:23:G6U2=3:22:4EI0$:9:322:6! 46L1235.))&0

_{:25341:4?3<536L6?UB16:26=:3?&'S&3 BAUO1: BK323?&'()4:?;346?>:?60}

Q6B?6L:13X;AB2:=:;6451=:;:45346>A26=:6=14379:=3=32:<32560 ;E22614=:;6451=:436L14?:A2A6 ;:25A46?64X1256B3<1<12563:>:?;4:?122:>:?:2546C6BF6=:432<A?6>6456;ACB1>6=6<:Q:4<6B

=3.*=36C41B=3&'*(1<515AB6=:!0 0 0;<00

:6>a4=30 -A?632>:B6=3?:>4N51>60;0&S0

G<=3;3<=3<532:A;4:D432212562346?6@A3B32@A3<9:23L1B16K6?6:2;6451=:22:>16B12562:A>:?A<12562?62 6;:16K6?62?A=6<7623254A5A4612=6>1=6=3I0%v64160:<>3179:00.$JC:/" -0.00.5.00;0&&T+0

(31)

=3Q6B?6646<F9:>:?:B1=346<76=:<9:L:1A?6>62:3B336LZ1BF:51<F6? 1<53432232>:?A<23346?62=A62D46<=32B1=346<762=632@A34=6<:45341:D46<=3<230

D:K34<:64D621<1>16=:3?&'S&L:1?64>6=:;:4L:4532>41232;:BU51>62@A3 =323?C:>646?<:2A1>U=1:=:;4321=3<533?&'S*016<53=:2A1>U=1:6LZ1BF:622A?1A6 ;4321=P<>16 =6 3;YCB1>6 3 ;622:A 6 3X34>34 D46<=3 1<LBAP<>16 2:C43 :2 ;6451=:2 <: 1: 46<=3=::4530 221?>:<23DA1A;:43X3?;B:A<143?&'S*:36>:?;:<=: A?6Y<1>6>F6;6;646:3<6=:!3:4D1<: K3B1<:%+31<6453641O%+03226 ?32?63B3179::<9:>:<>:443A6:23<6=:?62>:<23DA1A3B3D34Q6B?6646<F9: 3;A56=:256=A6B0

<54356<5:<623B317H32;646D:K34<6=:4=:3256=:3?&'SS66B16<76R<9: L:14651L1>6=63>6=6;6451=:6;4323<5:A>6<=1=65:2;4E;41:201<=1>:A$:>3Ba<1B6436 1<6453641O016<53=62>6<=1=65A4626232@A34=6256?CZ?23=1K1=146?!:-6;:1:A:j:B1=346=:;:4Q6B?6646<F9:6;:1:A606;:1:=:6 3256K6K1<>AB6=:6A?6>:4=:;:BU51>:@A3;43K16@A3:43L315:=3656B23416=:()₀ B315: D:K34<6=:4 1<6453 641O >A?;41A : 6>:4=: 3 <:?3:A Q6B?6 646<F9:(&_{0 :12} ?:51K:2L6K:43>346?6<:?3679:=3Q6B?6646<F9:!

?;41?314:BAD646<UK3Bl21>m<6>1:<6B66;:16K66LZ1BF:?3?C4: =:j3?23DA<=:BAD646<UK3Bl21>mB:>6B6>6<=1=65A46=31<6453641O 346=3:;:2179:6:D:K34<:aBK1:3=4:O6@A3;3453<>166:36<UK3B l21>m<6>1:<6B6;:16K66>6<=1=65A46=3$A2>3B1<:3$6<D:%R-+>:<546

:>6<=1=65:=60(.

K15E416=6>:?1<6453641O3?&'SS<9:21D<1L1>6K6:;B3<:=:?U<1:=: ;6451=:<:3256=:53<=:3?K1256@A3:>:<51<A6K6?A15:L:4530226L:1G6;41?31463 Y<1>6K3O@A3:2A=3<12562D:K34<646?:1:46<=3=::4530I (T_51<F63B315:: D:K34<6=:46<532=31<6453641O33B3D3A:2D:K34<6=:432=3;:12=31<6453641O03223 23<51=:G3B3D3Al000m$:2Z ADA25:643B6&'*d$34e<1?:1X3;5:26=:&'S) 3 BAUO1: BK32&'()I0(*

_{5Z&'()<9:F6K163B3179:;646;43L315:=3656B0>64D:346:>A;6=:;:41<=1>679:=:D:K34<6=:4=:}

3256=:0

646622A?14643L315A46=3656BQ6B?6646<F9:B1>3<>1:A23=6>6=3146=3=3;A56=:3256=A6B;6466@A6B F6K1621=:3B315:0

$:2Zk1BB1<D5:<0!6>6?;6<F6=3;Z<:>F9:0;0(/0

Z4D1: AUO -3O34460 4 $0 0. $0 ; <0, 656B! 3;6456?3<5:256=A6B=3?;43<26l20=m0;0.)

(32)

g1?;:456<53=3256>6456?CZ?@A33<54363:<9:3X12516A?6:;:2179: 1=3:BED1>60 221?Z43K3B6=:4666<NB123=334?6<:03DA<=::6A5:46=12;A563<5433 346GA?>:<L4:<5:3<543L467H32=6:B1D64@A166D4N4163;:4>:<23DA1<53:2;6451=:2 346?21?;B323X;4322H32<:?1<6126546KZ2=:2@A612:2235:432:B1DN4@A1>:223:4D6<1O6K6? ;6466=12;A56=:;:=34I(S_{<6CA2>6=3;43234K646215A679:K1D3<530}

:4<9:6;4323<5643?:;:217H321=3:BED1>62626B16<762=63=:>:?6 32@A34=6 346? 23?;43 >14>A<256<>16120 3226 L:4?6 Q6B?6 646<F9: 3? ?:?3<5:2 =1L343<5326B1:A236A?:A6:A54:;6451=:0?&'S(6B1:A23636;:1:A6>6<=1=65A46 1<6453641O;646:D:K34<:=:3256=:j3?&'()L3O6B16<762>:?:36;:1:A BAUO1: BK32 ;646 : ?32?: >64D:0 ;3264 =6 :41D3? :B1DN4@A1>6 =:2 =:12 ;6451=:2 3 =:2 =:12 >6<=1=65:23B3243;4323<56K6?62L:4762;4:D432212562=:256=:<:2?:?3<5:232;3>UL1>:2 3?@A3Q6B?6646<F9:3256C3B3>3A626B16<7620

?&'S(@A6<=:Q6B?6646<F9:L:11<=1>6=:43L315:=3656B3X125146??A1562 432125P<>162 56<5: =6 ;4E;416 @A6<5: =: 3 =6 D43Q6 65EB1>60 2232 235:432 >:<53256K6?61<=1>679:=3646<F9:>:?:64DA?3<5:=3@A33B351<F6A?6:41D3?<6 ?1B15[<>16>:?A<12560ADP<1:6B32<6Z;:>6C12;:=6 4@A1=1:>323=3656BL14?:A2A6 ;:2179:>:<54N4166B3D6<=:@A3646<F9:346?64X1256B3<1<12563@A3<3226>:<=179:QNF6K16 1<>BA21K321=:;432:=A46<5362A6QAK3<5A=30((₀

E32 =3?:<2546 >:?: : ;6451=: @A3 F6K16 L315: :;:2179: 6 1<6453 641O ;4:5325:A>:<54661<=1>679:=3Q6B?6646<F9:!<:=16=32A6;:2236;41?3146;ND1<6=: Q:4<6B=:Z:>A;6=65:=63B6;:46<Y<>1:LY<3C43!3<>1?6=6;:4A?6D46<=3>4AO3? <3D415: 6 1<L:4?679: =: GC1.0 00! A? >:?A<1256 L:46 <:?36=: ;646 6 ;43L315A46=3656B0I(d

<:?3679: =3 Q6B?6 646<F9: ;:4 1<6453 641O ?:2546K623 436B?3<53 >:<546=15E416022:;:4@A31<6453641O346A?6=62B1=346<762=6:B1D64@A166BD:=:3146 ;3>AN416=:256=:23<=:6<51>:?A<125653<=:>:?C651=::243K:BA>1:<N41:2=3&'TS<6 43D19:=:341=E3<@A6<5:Q6B?6646<F9:6BZ?=353421=:A?43K:BA>1:<N41:3?&'TS23 1=3<51L1>6K6>:?6>6A26;:;AB64(/₀

32?:>:B:>6=:21=3:B:D1>6?3<533?>6?;:2:;:25:2Q6B?6646<F9:31<6453 641O>:<23DA146??6<53466B16<76;:BU51>6L1X6=63?&'S(65Z&'S'032236<:Q6B?6

=0C1=0;0*/0

3?E4162A?N416=:6BN>1:3B1;36?649:6;A==0C1=0;0('0

:6>a40 !A?632>:B6=3?:>4N51>60;0&'0

(33)

646<F9:43<A<>1:A6:>64D:=3;43L315:3622A?1AA?6>6=3146<6[?6463=346B=6@A6B 346&n2A;B3<53=32=363B3179:=3&'S/;3B6B3D3<=6=:6451=:46C6BF12566>1:<6B%+0

Q6B?6646<F9:622A?1A6;43L315A463?&'S(?62=A46<53:;34U:=:3?@A33253K3 <:3X34>U>1:=:;:=3423B1>3<>1:A=:>64D:6BDA?62K3O3256<5:;646>:<>:44346>64D:2 3B351K:2@A6<5:;646;6451>1;64=3=3>12H321?;:456<532<6 223?CBZ163D12B651K6:<=351<F6 A? ?6<=65: ;64B6?3<5640 ? A?6 =32262 K3O32 3? &'S/ >:<>:443A 6 A?6 >6=3146 <6 [?6463=346B;3B6B3D3<=6=:0 >6<=1=65A46;3B::>:443A;:4@A3<3226Z;:>6 646<F9:4:?;3A>:?:;:4<9:>:<>:4=64>:?62=143541O32L:4<3>1=62<6>1:<6B?3<53 ;3B:;6AB1256 =F3?64=3-644:2;41<>1;6BBU=34=:;6451=:0

:?;1=:>:?:Q6B?6646<F9:43>3C3AA?6;4:;:256=3L1B1679:6:6451=: 46C6BF1256-4621B314:%-+L3156;:4AU2:<O6D6=:26<5:2@A3<6Z;:>6346;4321=3<53 B:>6B=:;6451=:0:=6K16646<F9:<9:6>315:A6;4:;:2563;43L341A:@A32A4D16 >:?:A?6<:K66D43?1679:;:BU51>6<:256=:0('

226 ?A=6<76 =3 Q6B?6 ;646 : <9: 21D<1L1>:A : 4:?;1?3<5: =3B3 >:? : D:K34<6=:41<6453641O0 6B16<763<543Q6B?6646<F9:31<6453641O2E534?1<:A @A6<=: 646<F9:=31X:A :>64D:=3 ;43L315:=6 >6;156B3 622A?1A 6 >6=3146 <6[?646 3=346B3?QABF:=3&'S'3;34?6<3>3<=:<:>64D:65Z)S=3<:K3?C4:=3&'()@A6<=: 5:?:A;:223>:?:;41?314:;43L315:3B315:=3656B0

3B3179:=3&'();646;43L315:=3656B2EL:1;:22UK3B;:4>6A26=66;4:K679:=3A? ;4:Q35:=3B31=3[?C15:L3=346B@A3D646<5166A5:<:?166=?1<1254651K63;:BU51>6;64662 >6;156120 5Z 3<59: : ;43L315: =62 >6;15612 346 >64D: =3 >:<L16<76 =:2 D:K34<6=:432 =:2 3256=:20

"A6<=: 622A?1A 2A6 ;41?3146 6=?1<1254679: 3? &'S( Q6B?6 646<F9: 346 =3;A56=:3256=A6B3B315:3?&'S*0"A6<=:<3>322N41:B1>3<>16K623=:3X3>A51K:?A<1>1;6B ;646622A?142A6>6=3146<6 223?CBZ163D12B651K6:<=3432;:<=166B1=346<76=31<6453 641O01K34262K3O32=31X:A6;43L315A46;646622A?14:B3D12B651K:0?A?6=32262:>621H32 <:L1<6B=3&'S/Q6B?6646<F9:;4353<=16K:564A?63?3<=6>:<2515A>1:<6B@A3=6416 6A5:<:?166=?1<1254651K6\>1=6=3=3656B23DA1<=:;43>315:>:<2515A>1:<6B=3&'*(0

:<2515A179: 3=346B =3 &'*( 6223DA4:A 6 6A5:<:?16 ;:BU51>6 6=?1<1254651K6 3 L1<6<>3146=:2?A<1>U;1:2C4621B314:2;:4Z?>6C166:23256=:26>41679:=3=12;:2151K:2;646 D646<51463B3179:=:2;43L315:20;4:Q35:=3B31=36A5:<:?166=?1<1254651K6=3656BL:1 =3264@A1K6=:;:4Q6B?6646<F9:@A35:?:A;6462166A5:416=:;4:Q35:032263?;43156=6

(34)

>:<23DA1A;:4A<6<1?1=6=366;4:K679:=6B31D646<51<=:6436B1O679:=62;41?314623B317H32 =143562;646643L315A46=:656BQA<5:\3B3179:;646D:K34<6=:43K1>3D:K34<6=:4=: 256=:3?)T0&)0()03DA<=:1>16<:A6453%>F3L3=3D6C1<353=643L315A46=3656B3? &'()+d)_{3223;4:Q35:L:16;4:K6=:;:4A<6<1?1=6=3:@A31<=1>6@A3:2;4E;41:2=3;A56=:2} @A3L6O16?:;:2179:61<6453641O6;:1646?61<1>1651K60

<54356<5:A64533<L651O6@A3A?=:2L65:432@A33251?AB:AQ6B?6646<F9:6BA564 ;3B66A5:<:?166=?1<1254651K6=3656BL:162A6<9:3B3179:;646=3;A56=:3=346B<:;B315: =3&'S/06@A3B6Z;:>6646<F9:346;43L315:=6>6;156B?62346A?>64D:=3>:<L16<76=: D:K34<6=:4<9:53<=:6A5:<:?16=32A62=3>12H3201<6453641OA26<=:=323A2;:=3432 =3534?1<:A@A3L:223?B1C346=:2KN41:2e<1CA2@A3L6O16?:546<2;:453=3;6226D314:2<6 >6;156B;646:1<5341:4;646653<=346:A54:2>F3L32;:BU51>:20646<F9:23K1A;43QA=1>6=: >:?6=3>129:;:12

B3D6K6@A3<9:L:13B315:;:4@A3514646?:2e<1CA2=6>1=6=3<:=163 F:AK3 A?6 6C253<79: @A3 ;43QA=1>:A ?A15: 3B3 l000m : >:?;4:?122: =: D:K34<: 346 @A3 <9: 435146223? :2 e<1CA2 =6 >1=6=3 ;:12 3B3 <9: 51<F6 3254A5A46;646>:<=AO14:23B315:43262A4<62323:2234K17:2=3546<2;:453 51K3223?LA<>1:<6=:<:4?6B?3<533B353416A?6C:6K:5679:0l16<53=122:m GQ6B?6 l6L14?:Am! 3<FA? D:K34<6=:4 K61 ?612 <:?364 : ;43L315: =3 656BI0d&

6;4:K679: =6 3?3<56 @A3 D646<516 3B317H32 =143562 ;646 ;43L315: =3 656B 1?;:221C1B15:A@A3Q6B?6646<F9:L1>6223<:>64D:65Z623B317H32022:;:4@A36B31<9: 3X;B1>156K6@A3:;43L315:=6>1=6=3=31X6416=3234<:?36=:;3B:D:K34<6=:46;3<62@A6<=: :>:443223 6 ;41?3146 3B3179:0 :?: 6 B31 <9: 3256C3B3>16 >B646?3<53 @A3? =3K3416 234 : ;43L315:65Z623B317H326[?646=33436=:4323<53<=3A@A3@A3?622A?1416643L315A4665Z 63B3179:23416:23A;4321=3<530<54356<5::D:K34<:=:3256=:>:<51<A:A<:?36<=:: ;43L315:0 221? Q6B?6 >:<51<A:A ;43L315: 3 <62 2A62 6A2P<>162 622A?16? : >64D: ;:4 <:?3679: =3 1<6453 641O :6>a4 =3 E32 :A :C345: A456=: %>F3L3 =3 D6C1<353 3 3>435N41:=33DE>1:2<534<:23$A4U=1>:2432;3>51K6?3<53+016<53=66515A=3=:D:K34<: =: 256=: 6 [?646 =3 3436=:43243>:443A 6: A;43?: 41CA<6B 3=346B @A3 QABD:A : ;4:>322: L6K:46K3B?3<53 6:2 K3436=:432 :A 23Q6 622A?1416 6 ;43L315A46 : 4321=3<53 =6 [?646<6Z;:>6:K3436=:4$:2Z1<5:4314365Z@A3L:2233B315::;41?314:;43L315:03226 L:4?6Q6B?6646<F9:53K323A?6<=65:<6;43L315A461<5344:?;1=:3;622:A63X34>34

_{1>16<:A64533?3<543K1256>:<>3=1=6\6A5:463?.&?61:.))T0}

(35)

>6=3146 =3 =3;A56=: L3=346B 65Z <:K3?C4: =3 &'() @A6<=: 23 B1>3<>1:A =: >64D: ;646 >:<>:4434\23B317H32=143562;646;43L315:=3656B0

Q6B?6646<F9:23>6<=1=65:A>:?:6;:1:;:BU51>:=:2D4A;:2@A33251K346?6 L43<53=: H<0 3=: 0A6>6<=1=65A46L6O16:;:2179:61<6453 641O61<=6<:D:K34<:=:256=:33256C3B3>3AA?66B16<76;:BU51>6>:? BAUO1: BK32 3<59:=1221=3<53=603226<:K66B16<76Q6B?6646<F9:3 BAUO1: BK32L:4?646?6 >:B1D679:K15:41:264AO6=6=62;346<760 221?Q6B?6646<F9:5:4<:A23:;41?314: ;43L315:3B315:=3656B3?&'()>:?A?63X;43221K6K6<56D3?=3K:5:2!.&0'*dK:5:2 >:<546&&0../K:5:2=:>6<=1=65:=60<@A6<5:122: BAUO1: BK32L:13B315:;646: D:K34<:=:256=:>:?&.&0)d(K:5:2>:<546'/0&'SK:5:2:C51=:2;:4Q6B?6641<F: >6<=1=65:=63>:<23@s3<53?3<53=31<6453641O0d.

62A6;41?31466=?1<1254679:%&'S(&'S'+6=:5:A;:BU51>62K:B56=62;646:3<21<: ;YCB1>:;646:=323<K:BK1?3<5:=3;4N51>62>AB5A46123;646:C462=31<L463254A5A46A4C6<60 3<=:A?66=?1<1254679:@A3>:<21=346?:253421=:A?6D3259:;6451>1;651K6<6?3=1=63? @A3 6 ;:;AB679: 23 3<K:BK16 <62 67H32 3?;433<=1=62 ;3B6 43L315A46 Q6B?6 646<F9: 6=:5:AA?62Z413=3?3=1=62@A3>:<56K6?>:?6;6451>1;679:=6;:;AB679:!>6?;6<F62=3 64C:41O679:=3>6B76?3<5:=34A623>6B76=62=3=:679:=3B1K4:20

322323<51=:3?&'S(643L315A46436B1O:AA?643L:4?66=?1<1254651K6>:?: :CQ351K:=343DAB641O643=1<6?1O64:2234K17:2=643L315A46j>41:A:4:D46?6=32>:B1<F62 A<1>1;6120 2 2>:B1<F62 LA<>1:<6K6? 3? 32;67:2 >3=1=:2 \ 43L315A46 ;:4 ?:46=:432 >BAC32=3LA53C:B32>:B62=326?C621<=1>65:20<54356<5:621<534K3<7H32<:32;67:LU21>: =6 >1=6=3@A351K346?=3256@A3 <3226;41?31466=?1<1254679:43LB35146?A?;4:>322:=3 546<2L:4?67H32@A36>:<53>16?3?[?C15:<6>1:<6B3?KN4162>6;15612C4621B31462?:51K6=:2 ;3B:26<231:2=3;4:D4322:31<=A25416B1O679:;4:;6D6=:2;3B::K34<:3=346B0 267H32=6 ;43L315A46 =143>1:<6=62 6 :C462 =3 1<L463254A5A46 A4C6<6! >6B76?3<5: =3 4A62 3 >6B76=62 62L6B56?3<5:=36K3<1=6243L:4?63>:<254A79:=3;62231:2;YCB1>:26?;B1679:343L:4?6=3 D6B34162=3NDA62;BAK1612<:2C6144:2>:<254A79:=3<:K:2?34>6=:2;YCB1>:2B6K6<=3416 ;YCB1>6j>:<254A79:=332;67:2=3B6O343>AB5A4635>0dT_{=3?:<2546K6?@A36>1=6=3>432>16} K6D64:26?3<533;43>126K623?:=34<1O640

6 23DA<=6 6=?1<1254679: %&'()R&'(*+ : 43L315: CA2>:A =64 >:<51<A1=6=3 \2 ;:BU51>62=323<K:BK1=62<:D:K34<:6<5341:4016B:D6<=:>:?:243;4323<56<532=3:?15P2=3 -6144:2361<=6=A46<536>6?;6<F63B315:46B3=A>679:3>AB5A4629:32>:BF1=62>:?:?3562

_$:4<6B

/<0656B)/QA<0&'()0