28/62/8/26+2-/  +-327869-832./  +-83249,59/.+27/.3+2/./

RWDNKSWGFCPUNGFQOCKPG FGNOKPVGTPGVGP(TCPEG

7PVÃOQKIPCIGRGTUQPPGN .CWTGPV5QTDKGT

KPVGTPGVCWTCEQPUVKVWÃRQWTNCENCUUGRQNKVKSWGGVNOCFOKPKUVTCVKQP HTCPÁCKUGUWPGVGTTCKPEQIPKVCQÔRTGPFTGRKGF%QPUVTWKTGKORQUCKV FG UOCHHTCPEJKT FG TÃHNGZGU GV FG VTCFKVKQPU UQWXGPV UÃEWNCKTGU .C EQPSWÄVG FG EG 5KZKÂOG %QPVKPGPV ´ NC HQKU JQUVKNG GV EQORNKSWÃ NC EQORTÃJGPUKQPFGUQPENKOCVGVFGUGUOWTUNOKPVTWUKQPFCPUUGUTÂINGUFG HQPEVKQPPGOGPVPOQPVRCUÃVÃRNWUHCEKNGUGVTCRKFGUGP(TCPEGSWOCKNNGWTU

%OGUV NOJKUVQKTG FG EGVVG EQPSWÄVG L WPG EQPSWÄVG FQPV PQWU XGTTQPU SWOGNNGGUVUCPUFQWVGNQKPFOÄVTGCEJGXÃGLSWGLGOGRTQRQUGFGVGPVGTFG TÃUWOGTFCPUEGURCIGUSWK QPVXCNGWTFGVÃOQKIPCIGRGTUQPPGN,OCKGWNC EJCPEGFOÄVTGCUUQEKÃGPSWCNKVÃFOCEVGWTGVFGVÃOQKPRTKXKNÃIKôEGSWGHWV NCRQNKVKSWGRWDNKSWGHTCPÁCKUGGPEGFQOCKPGGPVTGGVRÃTKQFGQÔ LOÃVCKUEJCTIÃFGOKUUKQPCWECDKPGVFWOKPKUVTGFGU6ÃNÃEQOOWPKECVKQPU ,OGP UWKU TGUVà WP QDUGTXCVGWT SWQVKFKGP GP SWCNKVà FG EJCTIà FG OKUUKQP RQWT NGU VGEJPQNQIKGU FG NOKPHQTOCVKQP CW %QOOKUUCTKCV IÃPÃTCN FW 2NCP

2NWU RTÃEKUÃOGPV CW ECDKPGV FG (TCPÁQKU (KNNQP OKPKUVTG FGU 6GEJPQNQIKGU FG NO+PHQTOCVKQP GV FG NC 2QUVG UQWU NG RTGOKGT IQWXGTPGOGPV ,WRRÃ RWKU OKPKUVTG FÃNÃIWÃ CWZ 6ÃNÃEQOOWPKECVKQPU ´ NC 2QUVG GV ´ NO'URCEG UQWU NG UGEQPF IQWXGTPGOGPV,WRRÃ

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CXCPVFGTGLQKPFTGNGUGEVGWTRTKXôNOÃVÃRQWT[RTGPFTGNCFKTGEVKQPFG nLGWPGURQWUUGU€%GVGUUCKFOCPCN[UGJKUVQTKSWGGUVFQPE´NCHQKUNGTGVQWT FOGZRÃTKGPEGFOWP OQFGUVGCEVGWTFG EGVVG RQNKVKSWG RWDNKSWG GV WP TGICTF ETKVKSWGUWTUCIGPÂUGGVUCFGUVKPÃG%GTGICTFUOCRRWKGTCUWTWPGCRRTQEJG HQTEÃOGPV RCTEGNNCKTG HTCIOGPVCKTG FGU OQFCNKVÃU FG NOCEVKQP RWDNKSWG GV FGUOÃECPKUOGU´NOWXTGFCPUNOCFOKPKUVTCVKQPRWKUSWOKNUOGUVPQWTTKFOWPG QDUGTXCVKQPRQTVÃGFGNOGZVÃTKGWTFGUEGPVTGUFGFÃEKUKQP´RCTVKTFGGVC HQTVKQTKFG0QVTGRTQRQUPGRTÃVGPFFQPEPWNNGOGPV´NOGZJCWUVKXKVÃKN PGUOCIKVRCUFGTGVTCEGTFCPUNGFÃVCKNVQWVGUNGUÃVCRGUOGUWTGUNQKUSWKQPV RQPEVWÃEGVVGRGVKVGJKUVQKTGFGNCRQNKVKSWGKPVGTPGVHTCPÁCKUGOCKUFOGPHCKTG ÃOGTIGTNGUITCPFGUNKIPGUGVNGUOÃECPKUOGUFÃVGTOKPCPVUSWCPV´NCIGPÂUG FWFKUEQWTURQNKVKSWGFGNOCEVKQPRWDNKSWG

/CKU CXCPV FG PQWU KPVÃTGUUGT CWZ ITCPFGWTU GV UGTXKVWFGU FG EGVVG EQPSWÄVGRQNKVKSWGGVFGRTÃEKUGTNGUEQPVQWTUFGUOQFGUFGIQWXGTPCPEGSWK GPTÃUWNVGPVKNPQWUGUVCRRCTWPÃEGUUCKTGFGTGXGPKTUWTNGUTÃUKUVCPEGUGVNGU QDUVCENGU SWOQPV FÖ UWTOQPVGT UGU EQPEGRVGWTU GV UGU CEVGWTU L RQWT SWK NOKPVGTPGVUOGUVNQPIVGORUFÃHKPKEQOOGWPKORQUUKDNGnQDLGV€RQNKVKSWGGV RCTCNNÂNGOGPVUOGUVVTQWXÃGZRQUÃCWTKUSWGFGNCRQNKVKSWG

&CPUWPFGWZKÂOGVGORUPQVTGEJQKZCÃVÃFOGUUC[GTFGTGPFTGEQORVG FGEGSWGHWTGPVNGURQUVWTGUGVNGUFKUEQWTUCFQRVÃURCTNCENCUUGRQNKVKSWGGV EQOOGPV KNU UG VTCFWKUGPV GP HKIWTGU KORQUÃGU QW KPPQXCPVGU FOWPG RQNKVKSWG RWDNKSWG FCPU NG FQOCKPG FOKPVGTPGV L SWK FCPU PQVTG VTCFKVKQP RQNKVKSWGPGUGODNCKVFGXQKTCFXGPKTSWGUQWUNGUGURÂEGUFGNCTÃIWNCVKQP

'PHKPQPPQWURCTFQPPGTCFOCXQKTUQWJCKVÃRQTVGTWPTGICTFTÃVTQURGEVKH FGRWKUNGnIWGV€ÃVTCPIGSWGEQPUVKVWGWPGLGWPGRQWUUGUWTNGDKNCPFGEG nUGRVGPPCV€FGRQNKVKSWGRWDNKSWGFGNOKPVGTPGVGPPQWUKPVGTTQIGCPVRNWU RCTVKEWNKÂTGOGPVUWTNCTÃCNKVÃFOWPGTÃEQPEKNKCVKQPGVFOWPGQUOQUGTÃWUUKGU GPVTGNOKPVGTPGVGVNCURJÂTGRQNKVKSWG

.OKPVGTPGVWPKORQUUKDNGnQDLGV€RQNKVKSWG!

0QWUÃXQSWGTQPUKEKNGUQDUVCENGUKPKVKCWZ´NCEQPUVTWEVKQPFOWPFKUEQWTU RQNKVKSWGGVFOWPGCEVKQPRWDNKSWGFCPUNGFQOCKPGFGNOKPVGTPGVGP(TCPEG

8KEG2TÃUKFGPV FG 5RTC[ (TCPEG LWUSWOGP UGRVGODTG RWKU &KTGEVGWT IÃPÃTCN FOG#WEVKQP4QQOLWUSWO´EGLQWT

.OCEVKQPRWDNKSWGCWUGTXKEGFGNOKPVGTPGVWPGNÃIKVKOKVôEQPSWÃTKT WPFKUEQWTURQNKVKSWG´KPXGPVGT

# NOÃVà NQTUSWG RQWT NC RTGOKÂTG HQKU WP IQWXGTPGOGPV HTCPÁCKU C XQWNW RTGPFTG RQUKVKQP UWT NG FÃXGNQRRGOGPV FW TÃUGCW NC EQPUVTWEVKQP FOWP FKUEQWTU RQNKVKSWG GV NC FÃHKPKVKQP FOWPG CEVKQP RWDNKSWG FCPU NG FQOCKPG FG NOKPVGTPGV TGPEQPVTCKGPV WP ÃXKFGPV RTQDNÂOG FG NÃIKVKOKVà %G FÃHKEKV FG NÃIKVKOKVà TÃUWNVCKV VCPV FG NC PCVWTG FGU RTQDNÃOCVKSWGU SWG NOKPVGTPGV C FCPU WP RTGOKGT VGORU RCTW FGXQKT UQWNGXGT SWG FGU ECTCEVÃTKUVKSWGU FG EG SWK UGODNCKV CNQTU ÄVTG NC F[PCOKSWG RTQRTG FG FÃXGNQRRGOGPVFWnTÃUGCWFGUTÃUGCWZ€

.GFÃXGNQRRGOGPVFGNOKPVGTPGVQWVTG#VNCPVKSWGFQPVQPEQOOGPÁCKVGP ´ RGTEGXQKT RNWU HQTVGOGPV NGU ÃEJQU GV RNWU NCTIGOGPV NG VJÂOG FW FÃXGNQRRGOGPV FGU TÃUGCWZ PWOÃTKSWGU QPV FOCDQTF ÃVà CDQTFÃU RCT NG IQWXGTPGOGPV HTCPÁCKU UQWU WP CPING SWCUK GZENWUKXGOGPV VGEJPKSWG .OKPVGTPGVEOÃVCKVCXCPVVQWVLFCPUNGXQECDWNCKTGRQNKVKSWGGVCFOKPKUVTCVKH FG NOÃRQSWG L WPG CHHCKTG FOKPHTCUVTWEVWTGU FG FÃRNQKGOGPV FG PQWXGCWZ TÃUGCWZ FG VÃNÃEQOOWPKECVKQPU FG nVW[CWZ€ 7PG CHHCKTG UÃTKGWUG WPG CHHCKTG FOKPIÃPKGWTU FQPE ´ NCSWGNNG NGU FÃEKFGWTU RQNKVKSWGU POCXCKGPV RCU RQWTFGXQKTFGUGOÄNGT URQPVCPÃOGPV .G VGTOG IÃPÃTKSWG FOCWVQTQWVGU FG NOKPHQTOCVKQP NQPIVGORU GORNQ[à RCT NGU OÃFKCU GV NOCFOKPKUVTCVKQP RQWT FÃUKIPGT NOKPVGTPGV POC RCU RGW EQPVTKDWà ´ NOGPHGTOGT FCPU WP IJGVVQ VGEJPKSWGFQPVKNCWTCOKURNWUKGWTUCPPÃGU´UOÃOCPEKRGT1PUCKVGPGHHGV SWG NOJQOOG RQNKVKSWG TGEJKIPG ´ CFQRVGT WPG RQUVWTG VGEJPKEKGPPG ´ UOKPXGUVKT VTQR OCUUKXGOGPV FCPU WPG RTQDNÃOCVKSWG SWK PG UGODNG RCU TGNGXGTFOWPnRTQLGVFGUQEKÃVÀLNOGZRÃTKGPEGOQPVTCPVSWGEGVVGRQUVWTG RTÃUGPVGNGFQWDNGFÃUCXCPVCIGFGUOKPECTPGTFCPUWPFKUEQWTU JGTOÃVKSWG RQWT NG ITCPF RWDNKE GV FOÄVTG FG EG HCKV RGW TÃVTKDWÃG KP HKPG RCT NGU ÃNGEVGWTUW

+N C FQPE HCNNW KPUETKTG NOKPVGTPGV GV NGU 6+% FCPU WP RTQLGV FG UQEKÃVà EQOOGPEGT ´ RCTNGT FG nUQEKÃVÀ RNWVÏV SWG FOnCWVQTQWVGU€ FG NOKPHQTOCVKQP RQWT SWG NGU RQNKVKSWGU VTQWXGPV WPG NÃIKVKOKVà ´ NGWT CEVKQP FCPUEGFQOCKPGGVGPFQUUGPVCXGERNWUFOGPVTCKPGVFGRWIPCEKVÃNGTÏNGFG EJCPVTGU FG NOKPVGTPGV %GVVG ÃXQNWVKQP UÃOCPVKSWG PG UOGUV RCU HCKVG GP WP LQWT &G HCKV NC VTCPUHQTOCVKQP FG NOKPVGTPGV GP WP XÃTKVCDNG nQDLGV€

RQNKVKSWG TÃXÃNÃ RCT NG INKUUGOGPV FOWP RCTCFKIOG VGEJPQNQIKSWG ´ WP RCTCFKIOGUQEKÃVCNFCPUNGFKUEQWTURQNKVKSWGGV NOCEVKQP RWDNKSWG PG UOGUV GP(TCPEGQRÃTÃGPKURQPVCPÃOGPVPKTCRKFGOGPV

#NOÃVÃQPEQPUVCVGSWGNGU6+%TGUVGPVCWUGKPFGNOCFOKPKUVTCVKQPGV FGNCENCUUGRQNKVKSWGRTQHQPFÃOGPVCPETÃGUFCPUWPEJCORVGEJPKEKGP.G

TCRRQTV6JÃT[TGOKUCWIQWXGTPGOGPVRTÃEÃFGPVRCTNGnRÂTG€FW/KPKVGN

´NOCWVQOPGCRQUÃNGUDQTPGUFGEGEJCORNOGPLGWFGUCWVQTQWVGUFG NOKPHQTOCVKQPGUVWPGPLGWGUUGPVKGNNGOGPVVGEJPQNQIKSWGKNUOCIKVFGFQVGTNC (TCPEGFGUKPHTCUVTWEVWTGUFGTÃUGCWJCWVFÃDKVSWKNWKRGTOGVVTQPVFGPGRCU OCPSWGT NG nUCWV SWCPVKSWG€ FG NC TÃXQNWVKQP PWOÃTKSWG .G TCRRQTV RTÃEQPKUGFQPEPQVCOOGPVNGFÃRNQKGOGPVFOWPXCUVGTÃUGCWJCWVFÃDKVFG HKDTGU QRVKSWGU UWT NOGPUGODNG FW VGTTKVQKTG PCVKQPCN %JCPVKGT FQPV NOGPXGTIWTG NG EQÖV GV NGU HKPCNKVÃU UWUEKVGTQPV FGU TÃCEVKQPU OKVKIÃGU OCKU SWKUGODNGOQDKNKUGTNGUGURTKVUGVCNGOÃTKVGFOCVVKTGTNOCVVGPVKQPUWTEGSWK GUV GP VTCKP FOCFXGPKT CW PKXGCW OQPFKCN CWVQWT FGU TÃUGCWZ .G TCRRQTV

$TGVQP RWDNKà FCPU NC OÄOG RÃTKQFG KPKVKG L GPHKP L SWCPV ´ NWK WPG TÃHNGZKQP RTQOKUG ´ FG DGCWZ NGPFGOCKPU UWT NGU EQPVGPWU GV UGTXKEGU FGUVKPÃU´ÄVTGFKUVTKDWÃURCTEGUHCDWNGWZnVW[CWZ€ &CPUNCHQWNÃGFGEG TCRRQTV XC ÄVTG NCPEà RCT NG OKPKUVÂTG FG NO+PFWUVTKG FW IQWXGTPGOGPV

$CNNCFWT WP CRRGN ´ RTQRQUKVKQPU UWT NGU CWVQTQWVGU FG NOKPHQTOCVKQP SWK LQWGTC FWTCDNGOGPV WP TÏNG EQPUKFÃTCDNG FCPU NC OQDKNKUCVKQP FGU CEVGWTU RTKXÃU GV RWDNKEU EQNNGEVKXKVÃU NQECNGU CWVQWT FGU 6+% 7PG RTKUG FG EQPUEKGPEG RQNKVKSWG C GW NKGW NGU HWVWTU IQWXGTPGOGPVU PG RQWTTQPV RNWU HCKTGNOKORCUUGUWTEGVGPLGW

.QTUSWG NG IQWXGTPGOGPV ,WRRÃ CTTKXG CWZ CHHCKTGU KN UGODNG VKTGT NGU NGÁQPUFGEGVVGRTKUGFGEQPUEKGPEGGVTGRTGPFTG´UQPEQORVGWPFKUEQWTU EGTVGU GPEQTG RGW HQTOCNKUÃ GV UVCDKNKUÃ UWT NOKPVÃTÄV GV NGU GPLGWZ FGU CWVQTQWVGU FG NOKPHQTOCVKQP &G EG RQKPV FG XWG NG EJQKZ FG ETÃGT WP OKPKUVÂTG FGU 6GEJPQNQIKGU FG NO+PHQTOCVKQP EQPHKÃ ´ (TCPÁQKU (KNNQP GUV U[ORVQOCVKSWGFGNCXQNQPVÃRQNKVKSWGNQWCDNG FG FQVGT NG IQWXGTPGOGPV FOWP XÃTKVCDNG DTCU CTOÃ FCPU NG FQOCKPG FGU 6+% OCKU CWUUK FG NC EQNQTCVKQP GPEQTG VTÂU VGEJPQNQIKSWG FG UGU QDLGEVKHU 0QVQPU RQWT NOCPGEFQVGSWGEGSWGTGEQWXTGEGVVGVGTOKPQNQIKGGUVCNQTUUKRGWENCKTFCPU NOGURTKVFWITCPFRWDNKESWG(TCPÁQKU(KNNQPCWTCOCKPVGUHQKUNOQEECUKQPFG UG RNCKPFTG CW EQWTU FGU OQKU ´ XGPKT FW HCKV SWG PQODTG FG UGU KPVGTNQEWVGWTU KIPQTGPV VQVCNGOGPV FG SWGN UGEVGWT KN GUV NG OKPKUVTG GP GZGTEKEG

%GnPQWXGCW€OKPKUVÂTGJÃTKVG´NCHQKUFOCODKVKQPUGVFGRTQLGVURQTVÃU RCT NG IQWXGTPGOGPV $CNNCFWT GV FQKV GP RCTVKEWNKGT IÃTGT NGU UWKVGU CVVGPFWGU FG NOCRRGN ´ RTQRQUKVKQPU UWT NGU CWVQTQWVGU FG NOKPHQTOCVKQP

.GUCWVQTQWVGUFGNOKPHQTOCVKQP2CTKU.C&QEWOGPVCVKQPHTCPÁCKUG

.GUVÃNÃUGTXKEGUGP(TCPEG3WGNUOCTEJÃURQWTNGUCWVQTQWVGUFGNOKPHQTOCVKQP!5KVWCVKQP CEVWGNNGRGTURGEVKXGUFGFÃXGNQRRGOGPV2CTKU.C&QEWOGPVCVKQP(TCPÁCKUG .GU UGEVGWTU EQWXGTVU RCT NG OKPKUVÂTG UQPV NGU 6ÃNÃEQOOWPKECVKQPU NC 2QUVG GV NO'URCEG

0QVQPUSWOCNQTUNGOQVnKPVGTPGV€GUVGPEQTGSWCUKCDUGPVFGNOGPUGODNGFGU EJCPVKGTU IQWXGTPGOGPVCWZ .G FQUUKGT KPVGTPGV GUV NOWP FGU FQUUKGTU KPKVKCNGOGPV OKPGWT SWG IÂTG NG EQPUGKNNGT VGEJPKSWG GP EJCTIG FGU 6ÃNÃEQOOWPKECVKQPUCXGENOCRRWKGPVJQWUKCUVGOCKUPGRGUCPVRCUVQWLQWTU VTÂU NQWTF FOWP LGWPG EJCTIà FG OKUUKQP #KPUK VQWV TGUVG ´ HCKTG ´ EGVVG ÃRQSWGRQWTCUUGQKTNCNÃIKVKOKVÃFOWPGCEVKQPRWDNKSWGFCPUNGFQOCKPGFG NOKPVGTPGVGVHCKTGEQORTGPFTGUQPUGPUGVUQPKPVÃTÄV%JCPEGRQWTVQWUEGWZ SWKETQKGPVCWZXGTVWUFOWPFÃXGNQRRGOGPVFGNOKPVGTPGVGP(TCPEG(TCPÁQKU (KNNQP GUV NWKOÄOG WP WVKNKUCVGWT CXGTVK FW TÃUGCW /CKU KN NWK TGUVG ´ UWTOQPVGT FG PQODTGWZ QDUVCENGU RQWT HCKTG CFJÃTGT UGU RCKTU ´ UGU EQPXKEVKQPU GV FQPPGT UC RNCEG CW OQV KPVGTPGV FCPU WP FKUEQWTU RQNKVKSWG RQWTNOJGWTGUQNKFGOGPVCTVKEWNÃCWVQWTFGNCVJÃOCVKSWGFGUCWVQTQWVGUFG NOKPHQTOCVKQP

.C V¸EJG POGUV RCU UKORNG %CT QWVTG NC FKOGPUKQP ´ NOQTKIKPG VTQR nVGEJPKEKGPPG€ FG NC RTQDNÃOCVKSWG KPVGTPGV DKGP FOCWVTGU HCEVGWTU UOQRRQUGPV´EGSWGEGFGTPKGTFGXKGPPGWPGRTKQTKVÃRQNKVKSWGGP(TCPEG 7PGVGTTCKPEQIPKVCSWKRQUGWPRTQDNÂOGEWNVWTGN´NOCFOKPKUVTCVKQP HTCPÁCKUG

2TGOKGTQDUVCENGÃXKFGPVKNPOGUVRCUKPWVKNGFGNGTCRRGNGTNOKPVGTPGVGUV GPEQTG FCPU PQVTG RC[U NCTIGOGPV KPEQPPW FW ITCPF RWDNKE GP 'P FGJQTUFGNCEQOOWPCWVÃFGUEJGTEJGWTUFGEGNNGFGUKPIÃPKGWTU6ÃNÃEQO QW FGU KPHQTOCVKEKGPU NG UWLGV PG FÃEJCÉPG RCU NGU RCUUKQPU GV NOQP UOGP VKGPFTC ´ EGVVG NKVQVG /ÄOG FCPU EGU EQOOWPCWVÃU NGU CXKU UQPV FKXKUÃU 2KTG DGCWEQWR EQPUKFÂTGPV [ EQORTKU CW RNWU JCWV PKXGCW FGU CFOKPKUVTCVKQPU GP EJCTIG FW FQUUKGT SWOKN UOCIKV FOWPG nOQFG SWK RCUUGTC€#VGNRQKPVNOGZGORNGGUVRCTNCPVSWOCWEWPRQUVGFWOKPKUVÂTGFGU 6ÃNÃEQOOWPKECVKQPU QW FG EGNWK FG NO+PFWUVTKG PG FKURQUG QHHKEKGNNGOGPV ´ NOÃVÃFOWP CEEÂU ´ NOKPVGTPGV NOQTFKPCVGWT nOWNVKOÃFKC€ ECRCDNG FG NKTG WPEÃFÃTQOÃVCPVFOCKNNGWTUWPGFGPTÃGRTGUSWGCWUUKTCTG,GOGUQWXKGPU FG NC TÃCEVKQP FG NOKPHQTOCVKEKGP FW OKPKUVÂTG FGU 6ÃNÃEQOOWPKECVKQPU CWSWGNNGECDKPGVCXCKVFGOCPFÃFGEQPPGEVGTSWGNSWGURQUVGUFQPVEGNWKFW OKPKUVTG´EGnICFIGV€FQPVQPPGFGXCKVPGRNWUGPVGPFTGRCTNGTSWGNSWGU OQKUCRTÂUnRCUSWGUVKQPEGVTWECOÃTKECKPGUVRNGKPFGXKTWU€+NHCNNWVDKGP FGUPÃIQEKCVKQPURQWTHKPKTRCTUGTGVTQWXGTCXGEFGWZQTFKPCVGWTUUWTPQU DWTGCWZLNOWPTGNKôNCFCPIGTGWUGVGTTCKPEQIPKVCFWPGVNOCWVTGCWTÃUGCW KPVGTPGUKUÖTGVHCOKNKGTFWOKPKUVÂTGW

.GU RTGOKGTU HQWTPKUUGWTU FOCEEÂU ´ KPVGTPGV FGUVKPÃU CW ITCPF RWDNKE PG EQOOGTEKCNKUGPVNGWTUQHHTGUSWGFGRWKUSWGNSWGUOQKU

1P POKPUKUVGTC LCOCKU CUUG\ UWT NC EWTKQUKVÃ SWG TGRTÃUGPVCKV NOKPVGTPGV FCPU NG RC[UCIG CFOKPKUVTCVKH HTCPÁCKU EG TÃUGCW EQPUVKVWCKV WP XÃTKVCDNG 180+CWZ[GWZFGTÃIWNCVGWTUGVFGVGEJPKEKGPURNWUJCDKVWÃUCWLCTFKP´NC HTCPÁCKUG FG PQU DGCWZ TÃUGCWZ EGPVTCNKUÃU SWO´ EGVVG LWPING VGEJPQNQIKSWG VQWHHWGQÔRGTUQPPGPOÃVCKVECRCDNGFOKFGPVKHKGTWPSWGNEQPSWGLCTFKPKGT.G /KPKVGNÃVCKVNGTGLGVQPPQXCVGWTOCKUHCEKNGOGPVCUUKOKNCDNGFGEGVVGEWNVWTG .OKPVGTPGVGPPGTGUUGODNCPV´TKGPFGEQPPWRQUCKVSWCPV´NWKWPXÃTKVCDNG RTQDNÂOG EWNVWTGN ´ NOCFOKPKUVTCVKQP HTCPÁCKUG L GV EOGUV DKGP RCT WPG TÃXQNWVKQPEWNVWTGNNGSWOGNNGCFÖRCUUGTCWHKNFGUCPPÃGURQWTCUUKOKNGTEGV QDLGV

&KHHKEKNG FCPU EGU EQPFKVKQPU FG OQDKNKUGT FGU ÃPGTIKGU GV FGU EQORÃVGPEGU UCPU WP NCDQTKGWZ GHHQTV RTÃCNCDNG FOÃXCPIÃNKUCVKQP FOCWVCPV RNWUNQWTFRQWTNGOKPKUVTGGVUQPÃSWKRGSWOKNHCNNCKVEQPXCKPETG´NOKPVÃTKGWT EQOOG´NOGZVÃTKGWTFGNOCFOKPKUVTCVKQP

.GO[VJGFWTCDNGFGNCnIÃPÃTCVKQPURQPVCPÃG€FGNOKPVGTPGV

1DUVCENG VQWV CWUUK TGFQWVCDNG NG nO[UVÂTG€ FW FÃXGNQRRGOGPV FG NOKPVGTPGV GUV CNQTU PKODà FOWPG O[VJQNQIKG FKHHWUG NCTIGOGPV GPVTGVGPWG RCTEGTVCKPUFGUGURKQPPKGTUGVRCTNGUOÃFKCUSWKHCKUCKVFGUCF[PCOKSWG FGFÃXGNQRRGOGPVFÃL´KORTGUUKQPPCPVGWPRJÃPQOÂPGGPSWGNSWGUQTVGUWK IGPGTKULOGTXGKNNGWZOQOGPVWOSWKUGUGTCKVGPVKÂTGOGPVRCUUÃFGURQWXQKTU RWDNKEU EQOOG %CWUG 2TGOKÂTG .OKPVGTPGV CWTCKV FQPE RTQURÃTà QWVTG

#VNCPVKSWGCWT[VJOGFOKPKVKCVKXGUGUUGPVKGNNGOGPVRTKXÃGUUGEJCTIGCPVFOGP CUUWTGTNCRTQOQVKQPGVCWT[VJOGFGUQPCFQRVKQPGNNGCWUUKURQPVCPÃGRCT FGU WUCIGTU UOCIINQOÃTCPV FOGWZOÄOGU LWUSWO´ HQTOGT WPG EQOOWPCWVÃ OQPFKCNG FOWVKNKUCVGWTUW .GU RQWXQKTU RWDNKEU UGTCKGPV FQPE VQVCNGOGPV ÃVTCPIGTU´NCETQKUUCPEGGZRQPGPVKGNNGFGNOKPVGTPGVQWPOCWTCKGPVLQWÃSWOWP TÏNGOCTIKPCNFCPUUQPFÃDWVFGUWEEÂURNCPÃVCKTG1PXQKVDKGPEQOOGPVEG O[VJG GPEQTG RGW TGOKU GP ECWUG ´ NOÃRQSWG UKIPCKV KOOÃFKCVGOGPV NC RGTVGFGNÃIKVKOKVÃFGVQWVGCEVKQPRWDNKSWGGPHCXGWTFWTÃUGCWQWCHQTVKQTK UWTNGTÃUGCWUKNGPGVUOGUVVTÂUDKGPRCUUÃFGNGWTCKFGRQWTUGFÃXGNQRRGT RQWTSWQK NGU RQWXQKTU RWDNKEU XKGPFTCKGPVKNU OGVVTG NGWT PG\ HQTEÃOGPV KPSWKUKVGWT FCPU WP WPKXGTU SWK UG IÂTG HQTV DKGP GV RTQURÂTG UGWN! %GVVG QRKPKQPNCTIGOGPVTÃRCPFWGFCPUNGRGVKVOKNKGWRÃVTKFOKFÃGUNKDGTVCKTGUSWG EQPUVKVWCKV CNQTU NOKPVGTPGV CWTC ÃVÃ VTÂU UQWXGPV QRRQUÃG CWZ RTKUGU FG RQUKVKQPFGURQNKVKSWGURGPFCPVNGUCPPÃGU

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