Cuadernos LIRICO

Revista de la red interuniversitaria de estudios sobre las

literaturas rioplatenses contemporneas en Francia
5 | 2010
Raros uruguayos. Nuevas miradas

Raras criaturas: la audacia expresiva de Marosa Di

Giorgio

Mara Jos Brua Bragado

Editor
Rseau interuniversitaire d'tude des
littratures contemporaines du Ro de la
Edicin electrnica Plata
URL: http://lirico.revues.org/417
DOI: 10.4000/lirico.417 Edicin impresa
ISSN: 2262-8339 Fecha de publicacin: 1 janvier 2010
Paginacin: 223-240
ISBN: 2-9525448-4-0
ISSN: 2263-2158

Referencia electrnica
Mara Jos Brua Bragado, Raras criaturas: la audacia expresiva de Marosa Di Giorgio , Cahiers de
LI.RI.CO [En lnea], 5 | 2010, Puesto en lnea el 01 julio 2012, consultado el 30 septiembre 2016. URL :
http://lirico.revues.org/417 ; DOI : 10.4000/lirico.417

Este documento es un facsmil de la edicin impresa.

Cuadernos LIRICO est distribuido bajo una Licencia Creative Commons Atribucin-NoComercial-
SinDerivar 4.0 Internacional.
 kkR

DADA3*9DJAS!DA3?*EA*A!4A9JA*
B],DB3J0A*4B*IADH3A*4J*CJHDCJH

1&(4&%6$.8%/("9&%/(&#&,$
6$)0+,-)%#%'%+'\#(#C#$;#

T1%43,,,a3'( '"@0'( H1%( E3( /%47"( %8( 2"[

@%883(51E(8"&C3D(E(8"((C%4/%( '$%56&%( 5%(
)$X3(H1%(E3(%&"(&"&",,,('$%56&%()$X3,(a3'(
/%("23&)G'(H1%(%4(?"8/3D(5%(88"5"@"4(m*"(
&"&"p,(
(( <"&3'"()$(w$3&C$3

]
&"'(%8(6"&04/%'$'()%(8"()$2/")1&"(5$8$/"&(1&1C1"E"(LIUjR[IU_VMD(
&%C&%'"(8"(6"8"@&"(&%43A")"()%')%(14"(A%&/$%4/%($234328"'/"(H1%(
)"(%'6"2$3("()$'/$4/3'(&%C$'/&3'(E(F3&5"'("&/7'/$2"'(LA$)%3["&/%D(
1+,W&,C#$;+D( /%"/&3D( "&/%( 68G'/$23MD( %4( 83( H1%( 234'/$/1E%( 14( 53'"$23(
63'/53)%&43D(8%X3'(E"()%(8"(#15"4$c"2$\4(E(%8(&%"8$'53()%(8"(63%'7"(
'32$"8()%(83'(lJD(E(5G'(2%&2"43("(83'(63'/18")3'()%(83'(%'/1)$3'(218/1[
&"8%'D()%(C04%&3(3("8(518/$218/1&"8$'53D(234('1'($4b4$/"'(63'$@$8$)")%'(
)%(8$@%&/")(%O6&%'$A"(E(d1$)%c($)%4/$/"&$",(

<"&3'"()$(w$3&C$3(LIURk[kJJVM(%'(14"()%(8"'(6&$42$6"8%'(218/$A")3&"'(
)%(%'/%(#$@&$)$'53(2342%6/1"8D(C%40&$23(E(F3&5"8D(E(/3)"('1(2&%"2$\4(
6&%A$"(t235$%4c"("(61@8$2"&(%4(83'("v3'(`Jt('$4/34$c"(234(%8(41%A3(
%'67&$/1(%2802/$23(E(%O6%&$5%4/"8,(!34(14(/%56%&"5%4/3(5"&2")"5%4/%(
$4)$A$)1"8(E(14"('%4'$@$8$)")(6%218$"&D(2&%"(14"('1%&/%()%(23'53'($40)$/3(
E(%O2%'$A3D(H1%(61%)%('%&(8%7)3(%4(28"A%(4%3@"&&32"D(E(H1%(%'/G('1'/%4[
/")3(%4(14('1'/&"/3(5$/38\C$23(6&36$3(E(%4(8"(63/%42$"()%(14(8%4C1"X%(
$41'1"8,(?1(6&3)122$\4(630/$2"(#"('$)3(&%236$8")"(%4()3'(/353'D(61@8$[
2")3'(%4(IUjI(E(IUUI(63&(>&2"D(234(%8(/7/183()%(3&-'1#1+(+-'-#(0#N+-I,(

I(
>8C143'()%(83'(8$@&3'($423&63&")3'("(3&-'1#1+(+-'-#(0#N+-'U'E(UU(F1%&34(61@8$2")3'("'$[
5$'53()%(F3&5"("$'8")",(r"C3("(234/$41"2$\4D(14"(4\5$4"()%(83'(5$'53'(63&H1%('1'(
/7/183'D(2353(8"(6&36$"("1/3&"('1C$%&%D(61%)%4(/%&5$4"&()"4)3(14"(F$'34357"()%(8"(3@&"(

!"#$#%&'()*+,,'''77- -./0./..'''..1.2
 kkV

93'/%&$3&5%4/%(A%4(8"(81c('1'(m&%8"/3'(%&\/$23'p(%4(83'(8$@&3'(B)-#(+-'
LIUURMD(!#C)$&'%+'(#-'1+%,+,D#-'LIUUjMD(G&-#'CD-*);#'LkJJRM(E(3#'^&,'
%+'3)-(LkJJVM,(='2&$@%("'$5$'53(14"(43A%8"D(G+)$#(:C+()#'LIUUUMD(H1%D(
2353(%6783C3()%('1(3@&"D()%'815@&"(63&('1(%'/$83()%'23E14/")3(E(63&(
'%&(8"('74/%'$'()%(/3)"'('1'(3@'%'$34%'(%'2&$/1&"8%',(*"("1/3&"(234bC1&"D(
%4(u8/$5"($4'/"42$"D(14"(630/$2"()%(83(%'6804)$)3(t%4('1()3@8%("2%62$\4(
)%(m&%'68"4)%2$%4/%p(E(m5"C47b2"ptD($428"'$b2"@8%(E(5"C40/$2"D(H1%('%(
'$/u"(%4(83'(875$/%'()%(/3)3(2"434k,

J8

>4/%'( )%( "@3&)"&( 8"( '$4C18"&$)")( )%( '1( 6%&/1&@")3&( 14$A%&'3D( 5%(
6"&%2%(6%&/$4%4/%(#"2%&(&%F%&%42$"("(8"(m&"&%c"p()%('1(bC1&"(8$/%&"&$"D("(
8"("&/$218"2$\4()%(14"($5"C%4($4'\8$/"(H1%(3F&%2%D('$4()1)"D(14"(61%&/"(
)%(8%2/1&"('%2&%/"("('1'(/%O/3',(=4(%'/%('%4/$)3D("14H1%(E"(S"&73()%X"&"(
234'/"42$"(%4(3&-',#,&-'LI_UlM')%(H1%(8"(%O6%&$%42$"('%(m2&%"p("(6"&/$&(
)%8(63%5"(E(4142"("(8"($4A%&'"D(%'(%A$)%4/%(H1%D()%')%(%8(-35"4/$[
2$'53D( 8"( "2/$/1)( 234/&3A%&/$)"D( 8"( 6%&'34"8$)")( "/&"E%4/%( E( 8"( 63'%(
23568%/"4(%($815$4"4(8"(3@&"(E(#"4('%C1$)3('$%4)3(1/$8$c")"'(63&(83'(
"&/$'/"'(2353(14"(5"&2"()%()$'/$42$\4(F&%4/%("(14"('32$%)")(2")"(A%c(
5G'(#353C%4%$c")3&",

=4(5u8/$68%'(32"'$34%'D(@3#%5$"(E()"4)$'53(234F14)%4('1'(6"'3'(6"&"(
234bC1&"&(8"(m8%E%4)"p(3(%8(m5$/3pD(E(%8(5$'53("&/$'/"(tT"1)%8"$&%(%'(
@1%4(%X%5683()%(%883t(%O#$@%(8"(/%"/&"8$)")($56%&/$4%4/%(%4(C%'/3'(E(
5$&")"'D("8(8")3()%(8"(&%@%8)7"(3($4'38%42$"(A%&@"8D(8"("8/%&4"/$A"()%'$)$"(
3(%OH1$'$/%c(%4(8"($4)15%4/"&$"D("8(8")3()%(8"(")5$&"2$\4(63&(8"(@%88%c"(
E(8"("2%4/1")"('%4'$@$8$)")(L&$'(E(1&cM,

<"&3'"()$(w$3&C$3D(2"&$'5G/$2"(E(815$43'"D(%4/1'$"'/"()%8()$'F&"c(E(
8"(5G'2"&"D('%(6&%'%4/"("4/%(%8(514)3(2353(14"(235@$4"2$\4()%(4$v"(
A$'$34"&$"D( )&1$)"( "42%'/&"8D( '%&( '3@&%4"/1&"8( EN3( "4$5"8( 6&3)$C$3'3,(
?1(6&36$"(6%&'34"(6"&%2%("@38$&(8"'(2"/%C3&7"'(&"2$34"8%'()%(/$%563D(
%'6"2$3D(C04%&3(3(%'6%2$%D(83(H1%(8"(#"("2"@")3(63&()3/"&()%(14("1&"(

5$'5"B([&+C#-/'8"C&D(?,")%#D(8)-*&,)#('%+'(#-'0)&(+*#-D(B#9$&()#D(!(#0+('4'*+$+.,#,)&D(
3#'()+.,+'%+'B#,E&D(B+-#'%+'+-C+,#(%#D(3#'W#(+$#D(3#'9"+,,#'%+'(&-'<"+,*&-D(H-*I'+$'
((#C#-'+('N#,%D$'$#*#(D(B+C.,)((&'%+'3"-#$#(E(?)#C+(#-'#'!(+C+$*)$#'B+%);),(*"(%)$/3&$"8(
>)&$"4"(r$)"8C3(61@8$2\(14"(&%%)$2$\4()%(83'()3'(/353'()%(3&-'1#1+(+-'-#(0#N+-'%4(kJJJ,
k(
x4C%8(-"5"(8"($4281E%(%4(:R"D7'!)+$'#K&-'%+',#,&-'%4(IUll(2353(14"(&%A%8"2$\4(630/$2"(
$4'\8$/",(<G'(&%2$%4/%5%4/%D("6"&%2%(%4(8"("4/383C7"(B+%"-#,)&D()%(=2#"A"&&%4D(3c%&(
E(?%F"57D(83(H1%(&%A%8"('1(")'2&$62$\4("(14(2"434('$%56&%("8/%&4"/$A3(3(%O204/&$23,

!"#$#%&'()*+,,'''773 -./0./..'''..1.2
 kk`

57/$2"(/&"'('1(51%&/%R,(?1(2"&G2/%&(&%/&"7)3(43(8%($56$)%('%&(%8($5G4(
%4(21"8H1$%&(&%14$\4(63&('1(53)3("/76$23()%(A%'/$&'%D(5"H1$88"&'%(3(
%O6&%'"&'%D( E( '1'( %4/&%A$'/"'( 3( )%28"&"2$34%'( $81'/&"4( %'"( A3814/"&$"(
%O/&"A"C"42$"(E(812$)%c(A%&@"8,(=8(/"5@$04(63%/"(*1$'(T&"A3(8"()%'2&$@%(
%4(83'('$C1$%4/%'(/0&5$43'B
:1$%4( 3@'%&A"@"( "( <"&3'"( '%4/")"D( )%/&G'( )%( '1'( "4/%3X3'( F%8$43'D(
%4( 14"( )%( 8"'( 5%'"'( )%8( ?3&32"@"4"( 3( )%8( <$42#3D( "'$'/7"D( "2"'3( '$4(
'"@%&83D("(8"(A$'$\4()%(14"(51'"(8"1/&%"5\4$2",(?1(6&%'%42$"(/%47"(14"(
%4%&C7"(%O/G/$2"(H1%('\83(%'/"88"(%4('1'(63%5"'D(234(6"&'$534$"('"8A"X%,(
?1'(6%&'34"X%'('34(/%'/$C3'('38$/"&$3'()%(83(H1%(321&&%()%8(3/&3(8")3()%8(
%'6%X3D()%')%()34)%(/&"F$2"(14(#151'()%(5$'/%&$3(E()%8$&$3(L%4(w"&%/(_IM,

;4"'(C"F"'(%4(F3&5"()%("4/$F"cD($4b4$/"'(21%4/"'()%(2388"&%'D(8"&C3'(
2"@%883'(&3X$c3'D(1v"'(6$4/")"'()%(4%C&3(3(A%&)%D(/3)3('1('%&(m/&"4'5$[
/7"(14"(234)$2$\4(6&$42$6%'2"D(2353('$(83'(<%)$2$()%8(-%4"2$5$%4/3(
2"5$4"&"4(63&('1(21%&63p(Lw"&%/MB("&/$b2$"8$)")(F"4/G'/$2"D()$'/$4C1$)"(
E()%'"b"4/%D(F1%&/%(/%4)%42$"("(8"(&%6&%'%4/"2$\4(H1%(234/&"'/"D(%4(14(
%F%2/3(@1'2")3D(234('1()%A32$\4(63&(%8(514)3(4"/1&"8(E(6&$5$C%4$3(
)%(?"8/3,(>'7('%(6&%'%4/"(<"&3'"(%4('1'(&%2$/"8%'D(H1%(43(234F%&%42$"'D(
)34)%(C%'/3'D(A3c(E(/%O/3("&534$c"4("(8"(6%&F%22$\4(E(/%&5$4"4(63&('%&(
/3)3(14(%'6%2/G2183('%4'3&$"8VB
*"(%'2&$/1&"(%'(/"5@$04(14"("2/1"2$\4D(14(234/$413("2/3,(=8(5G'(6&3[
F14)3D(8"(&%A%8"2$\4,(9%&3(5%(C1'/"("4)"&(%4(6%&F3&5"42%'D(&%2$/"8%'D(
A$)%3',(;4(6323('%&7"(2353(H1$/"&'%(%8(A%83()%(#153(E(H1%(8"(F"14%'"(
"4/$C1"(&1X"("(8"(A$'/",(9%&3("u4("'7(6&3'$C1%(%8(A%83()%(#153(~(<%(
C1'/"(8%%&D(&%2$/"&,(?\83(%8(63%/"('"@%(H10(2383&()"&("(2")"(6"8"@&"(~(
=4(3#'W#(+$#(5%(6$4/3(2353(m8"(&%2$/"/&$cp(H1%($4/%&6&%/"()%8"4/%()%(14(
&3'"8D(E("(8"(H1%('%(8%(A%(14('383(6$%D(234(8"'(1v"'(&3X"',(>53(%8(/%"/&3D(
%'3(%'(Lw"&%/(`_(E(lIM`,

R(
m~(6"&"(5$(43(%'(F14)"5%4/"8(8"(&%F%&%42$"D(6387/$2"[%234\5$2"['32$"8D(C%3C&GF$2"p(
L%4(w"&%/(UJM,(
V(
:1$%4(43(/1A$%&"(363&/14$)")()%(%'212#"&("(8"("1/3&"(%4(A$A3D(%O6%&$%42$"($4'1'/$/1$@8%D(
61%)%()$'634%&()%('1(A3c(%4(%8(&%2$/")3(H1%('%($4281E%(%4(%8(!S(mS$")%5"p()%('1(8$@&3(
3#'W(&,'%+'3)-(LkJJVM,(<"&3'"(6"&/$2$6"("'$5$'53(%4(A"&$"'(1+,W&,C#$;+-(X14/3("(-3[
@%&/3(=2#"A"&&%4D(%4/&%(8"'(H1%('%(234'$C4"4(m9%2"&7(8"@$")3D(14"(\6%&"(63618"&p(%4(8"(
>88$"42%(W&"4g"$'%(E(m?1&p(%4(%8(/%"/&3(*"(<G'2"&"D(234(<"&$43(-$A%&3(L@"4)34%\4MD(
"5@"'(%4/&%(IU_V(E(IU_j,
`(
./&"( )%28"&"2$\4( $4/%&%'"4/%( "( 6&36\'$/3( )%( 8"( "1/3&&%6&%'%4/"2$\4( '%&7"B( m?34( 23'"'(
)$A%&'"'(E(%56"&%4/")"',(-%2$/"&(%'(/"5@$04(14"(2&%"2$\4(E(14"(&%2&%"2$\4,(*"(63%'7"(
%'(%'2&$/"(6"&"('%&(&%2$@$)"(E(%'/3(61%)%('12%)%&("(/&"A0'()%(14(&%2$/")3,(<%($4/%&6&%/3("(
57(5$'5"(234(512#3(C1'/3p(Lw"&%/(`_M,(

!"#$#%&'()*+,,'''77( -./0./..'''..1.2
 kkl

>)%5G'()%(63&(%O204/&$2"(E(F1%&"()%(8"(43&5"D(8"(6%&'34"8$)")()%(
<"&3'"(%'(m&"&"p(63&(%O2%62$34"8(3()$F72$8()%(#"88"&(ED(%4(%'/%('%4/$)3D(
%O/&%5")"5%4/%(A"8$3'"D(u4$2",

JJ8

9%&3(8"(@$c"&&7"()%(<"&3'"(A"(512#3(5G'("88G()%(14"(63'%(/%"/&"8(5G'(
3(5%43'(5%)$)"D(2353('%(A%&GD(E("82"4c"("(/3)3(14($5"C$4"&$3('%4'1"8D(
63@8")3()%(21&$3'"'(2&$"/1&"'(%4/&%(8"'(H1%(%88"('%(234F14)%(E(2"51d"D(
)")"('1(%'/$&6%(2"5"8%\4$2",(S%(3/&"(6"&/%D(/"5@$04('1(/024$2"D('1&&%"8(
E(%4(14"(6%&5"4%4/%(/%4'$\4(H1%(6&%/%4)%('16%&"&(/3)3(875$/%(3(F&34/%&"(
8$4C7'/$2"D(%A$)%42$"('1("FG4(%O6%&$5%4/"8(E(%8(&$%'C3(%O/&"3&)$4"&$3()%(
'1("A%4/1&"(2&%")3&",(93&(%'/"(@u'H1%)"D("212$"4/%(E(/"4(F0&/$8(%4('1'(
&%'18/")3'(2353(8"()%(83'("&C%4/$43'(*"5@3&C#$4$(3(9%&834C#%&D(x4C%8(
-"5"(LIUjkM(8"(234'$)%&"(14"()%(8"'(bC1&"'(&%43A")3&"'()%(8"(8$/%&"/1&"(
1&1C1"E",(=4(%F%2/3D('1(630/$2"()$'$)%4/%('1634%(14"(F&"2/1&"(74/$5"D(
14"( %'2$'$\4( 5%43&D( 6%&3( "8/"5%4/%( '$C4$b2"/$A"( %4( 83'( 6"&")$C5"'(
8$4C7'/$23'D(%'/0/$23'(E(6387/$23'()35$4"4/%'B
n^3(63)&7"(6%4'"&'%(H1%(8"(630/$2"()%(<"&3'"(3F&%2%("(14"('32$%)")(
2353(8"(41%'/&"D(234(5%2"4$'53'()%('%C&%C"2$\4('$%56&%()$'61%'/3'("(
F142$34"&D(14"(87&$2"(%&\/$2"(%4(234/&"614/3(234(%'3'(53)%83'(E"["#7(H1%(
518/$68$2"(8"(6&36"C"4)"o(Q"++,'B#,&-#/',#,#D(%4(/3)"'(8"'(A"8%42$"'(
)%8(/0&5$43D(&"&"(%4('1(%&\/$2"("8/%&4"/$A"(L!"61&&3(kRM,

./&3(/%5"('%&7"(#"'/"(H10(614/3(%'(234A%4$%4/%(&%A$'"&(8"(%/$H1%/"(3(
2"/%C3&7"()%(m&"&3p(%4(&%8"2$\4("8(21%'/$34"5$%4/3()%8(2"434(3b2$"8(%4(
8$/%&"/1&",(=4(%'/%('%4/$)3D(8"(63'/1&"(2&7/$2"()%(!"&$4"(T8$O%4(@&$4)"(
$4/1$2$34%'(&%43A")3&"'()%(%'/"(432$\4D(E"(14(/"4/3("4"2&\4$2"D(H1%(
6"&/%()%(S"&73(E(%'(&%A$'$/")"(63&(-"5"(%4('1(535%4/3,

?34()3'(83'(5%2"4$'53'(H1%(5%($4/%&%'"("4"8$c"&(%4(8"(3@&"()%(%'/"(
m%O204/&$2"(3b2$"8p(H1%(%'(<"&3'"()$(w$3&C$3,(93&(14(8")3D(%8("/%4/")3(
A%&@"8(H1%(36%&"('3@&%(%8(8%4C1"X%("(/&"A0'()%(8"()%'[%'/&12/1&"2$\4('$4[
/G2/$2"(E('%5G4/$2"(E(8"(&%21&&%42$"("(14(34$&$'53(23)$b2")3h(63&(3/&3D(
%8(21%'/$34"5$%4/3($)%38\C$23()%(2"/%C3&7"'()%(234/&38()%(8"($)%4/$)")(
E(2"4"8$c"2$\4()%8()%'%3,(*"'(m&"&"'(2&$"/1&"'p(H1%(#"@$/"4('1'(/%O/3'(
6&3634)&7"4D(%4/342%'D(14"('1%&/%()%(&%$A$4)$2"2$\4(/&"4'C%40&$2"()%(
14(41%A3(%&3/$'53(H1%('%("6&3O$5%D()%("8C14"(5"4%&"D("(83'(63'/18")3'(
234/%4$)3'(%4(H(':$*)'H%)1&'LIUjRM()%(S%8%1c%(E(w1"//"&$,(!353("b&5"(
-"H1%8(!"61&&3D(m'1(63%'7"(43'($4A$/"("(14(A$"X%D(%4(%8(H1%D($4'%6"&"[
@8%5%4/%D(2356&35%/%("8(21%&63(E("(8"(8%4C1"p(LlM,

!"#$#%&'()*+,,'''772 -./0./..'''..1.2
 kkj

( =4(%'/%(/&"@"X3(%O683&"&0D(61%'D(2\53(8"(%'2&$/1&"()%(<"&3'"()$(
w$3&C$3('%('$/1"&7"(%4(8"'(F&34/%&"'(%6$'/%538\C$2"'()%(8"(63'53)%&4$)")(
)%')%( 8"( %OH1$'$/%c( C&3/%'2"( E( %8( 23563&/"5$%4/3( '1@A%&'$A3( )%( '1'(
m&"&"'(2&$"/1&"'p,(

JJ8*U8
T&$'%&(8%(8"4C"C%(631&(/312#%&(8"(A$%
>4/34$4(>&/"1)
*"(2%&/%c"()%(H1%(14(8%4C1"X%()$F%&%4/%(A"("2356"v")3D()%(F3&5"(
'$518/G4%"D()%8($4C&%'3(%4(3/&"'()$5%4'$34%'D(%4(/"4/3(H1%("@&%(3/&3'(
2"12%'()%(%O6&%'$\4(E('%4'$@$8$)")(E()%'6$%&/"(/"5@$04D()%(%'/"(F3&5"D(
3/&3'( 53)3'( )%( 2356&%4'$\4D( %'( %'%42$"8( 6"&"( 2"6/"&( %8( %'67&$/1( )%(
83'(/%O/3'(5"&3'$"43',(*"(%O6%&$%42$"()%(8"(%'2&$/1&"D(6"&"(%88"D(43(%'(
$4/%8%2/1"8(3(&"2$34"8D('$43(61&"5%4/%(&%2%6/$A"D('%4'3&$"8(3($4'/$4/$A"D(
%4(14"(2342%62$\4(H1%(/$%4%(512#3(H1%(A%&(234(8"($4'6$&"2$\4(57'/$2"(
3(83'(X1%C3'()%(2&%"2$\4()%(8"'(A"4C1"&)$"'(#$'/\&$2"'l,(?1'(/%O/3'('%(
"'%5%X"4D(%4(%'/%('%4/$)3D("($4/%&5$4"@8%'(E(&7/5$23'(m2")GA%&%'(%OH1$[
'$/3'pD(21E3(4%O3("&C15%4/"8(%'($4%O$'/%4/%("8(6&32%)%&()%(14(/3&&%42$"8(
"1/35"/$'53(%'2&$/1&"8j,(*"(43A%)")()%('1(8%4C1"X%('%(@"'"D(%4/342%'D(
%4(14"(234'/&122$\4('3@&%(83(%1F\4$23(3(83('343&3(tH1%(%'(%8(53/3&(H1%(
"&&"'/&"("(83'()%5G'(68"43'()%(8"(8%4C1"tD("8(/$%563(H1%(%4(8"(%O6%&$[
5%4/"2$\4(234(83'('$C4$b2")3'(E(234(14"('$4/"O$'()%8$&"4/%D(/3/"85%4/%(
"4\5"8",(=4('1(514)3(43(%O$'/%4(&%F%&%4/%'(&%"8%'(8$/%&"8%'(3(@$435$3'(
%O281E%4/%'( 2353( $4F"42$"N%)")( ")18/"D( b22$\4N&%"8$)")( 3( 6"'")3N
6&%'%4/%D(E()%(8"(5$'5"(F3&5"(/"56323(#"E(&%C8"'(8$4C7'/$2"'(&7C$)"'(
'3@&%(83'(A%&@3'(3(")X%/$A3'D("2%&2"()%(8"(614/1"2$\4(tH1%('\83("E1)"(
"(5"4/%4%&(%8(&$/53t(3('3@&%(%8(3&)%4(8\C$23()%(83'("234/%2$5$%4/3',(
93&(%8(234/&"&$3D(F&%4/%("(8"(%'/&12/1&"('%(6&%b%&%(234'/&1$&(14"('1%&/%(
)%('%5G4/$2"(F"4/G'/$2"(/3/"85%4/%(d%O$@8%(E(14(514)3("1/3&&%F%&%4[
2$"8()34)%(43('\83(83'('$C4$b2")3'('$43(/"5@$04(8"'(&%8"2$34%'(%4/&%(
8"'(6"8"@&"'('%"4("8%"/3&$"'D("&@$/&"&$"'D(41%A"',(S%(F3&5"(%'6%27b2"D(
8"'("'32$"2$34%'()$'6"&"/")"'(%($8\C$2"'()%(8"'(A$'$34%'(5"&3'$"4"'('%(
"63E"4(%4("8$/%&"2$34%'(E(#353F347"'(t%8(&$/53(E(2$%&/"(&$5"($4/%&4"('34(

l(
=4(21"4/3("8($5618'3(6"&"(%'2&$@$&D("F$&5"(<"&3'"(%4(14"(%4/&%A$'/"(2342%)$)"("(-"F"%8(
!31&/3$'$%(%($423&63&")"("8(A3815%4()%(w"&%/B(m*"(a$&C%4(<"&7",(*"(a$&C%4(@"X\()%(83'(
2$%83'(E(5%(6$)$\(H1%(5%(61'$%&"("(%'2&$@$&p(LIjjM,(
j(
>14H1%(512#3'()%(83'(/%O/3'()%(<"&3'"(63)&7"4(234'$)%&"&'%(6&3'"'(630/$2"'D()&"5"[
/$c"2$34%'(3($4281'3(63%5"'[%4'"E3D(8"("1/3&"($4'$'/%(%4(2"8$F$2"&("(/3)"('1(6&3)122$\4(
"4/%&$3&("(B)-#(+-(2353(m63%'7"p,(<12#3(/$%4%4(H1%(A%&(%8('%4/$)3()%8(&$/53(E(8"(614[
/1"2$\4(%4(/"8(234A$22$\4,

!"#$#%&'()*+,,'''774 -./0./..'''..1.2
 kk_

F14)"5%4/"8%'tD(%4(&%C8"'(C&"5"/$2"8%'(41%A"'("(8"(#3&"()%(234'/&1$&(
F&"'%'(E('$4/"C5"'D(E(%4(14"(234'/"4/%(638$A"8%42$"('%5G4/$2"()34)%(
%8(4%383C$'53('$568%(3(23561%'/3(3(8"(&%'%5"4/$c"2$\4()%(A32"@83'(
")H1$%&%4(14(6"6%8(F14)"5%4/"8,(*"(234'$C4"(%'(H1%(43(#"E(234'$C4"(
E(%8(2\)$C3('%(A1%8A%("(&%[23)$b2"&("(2")"($4'/"4/%D()%(F3&5"($42%'"4/%D(
'15$04)343'(%4(8"(6%&68%X$)"),

./&3'()%(83'(&%21&'3'(%'/$87'/$23'(5G'(&%21&&%4/%'(6"&"(234'/&1$&(%'/%(
%F%2/3["'35@&3('%&7"4(%8(E"(5%42$34")3(6"&%4/%'23('343&3(3(51'$2"8(
Lm8"(5"&"v"D(/%8"&"v"pMD(8"('$4%'/%'$"(Lm)%(83'(6%2#3'(6$4/")3'('"87"4(
'$8@$)3'pMD( 8"( 5%/GF3&"( Lm%'/"@"( 2"&4%"4)3( 14"( 51X%&pMD( 8"( ")X%/$A"[
2$\4($41'1"8(Lm/%/"'(%5@&1X")"'pD(m@$C3/%('%O1"8pMD(8"(#$6G8"C%(Lm'36"(
41@8")"pD(m&%2"/")"(A"C$4"pMD(8"('16&%'$\4()%(6&%63'$2$34%'(Lm*"A$4$"(
c"F\pM(3(8"(%415%&"2$\4(E(C&")"2$\4(2"\/$2"(Lm2"X"'D(A"'3'D('35@&%&3'(E(
&36%&3'pM,(]3)3'(%'/3'(%8%5%4/3'(/&"'/32"4D()%'68"c"4(8"('%5G4/$2"(E(8"(
614/1"2$\4(E(234'$C1%4D('3@&%(/3)3("(6"&/$&()%8(&$/53D(8"("6&3O$5"2$\4(
"(83($&&"2$34"8[C&3/%'23,(a%"53'(14"()%(%'/"'(%'2%4"'()34)%(8"(8\C$2"(3(
8"(2"1'"8$)")()%'"6"&%2%4(F&%4/%("(14()%X"&'%("&&"'/&"&(63&(8"'(6"8"@&"'(
t2")"(6"8"@&"(6&%6"&"(8"('$C1$%4/%D($5618'3(F&%4/%("(%'/&12/1&"tD(63&(%8(
$4234'2$%4/%(E(83("&@$/&"&$3()%(8"'("'32$"2$34%'(8$@&%'B
kU
;4"(6"&/%()%(57D(A1%8",
>E%&D(83(A$,
;4"(6"&/%()%(5$(2"&4%(A1%8",
!1"4)3( 88%C"&34( 6GX"&3'( "( 63'"&'%( %4( 8"( 5%'"D( 8"'( A%4/"4"'D( 83'(
"8"5@&%'(/&"4'6"&%4/%',(;43'(%&"4(2353(&"53'()%(&%/"5"'(234(F83&%'h(
3/&3'(%&"4(4%C&3'(&3X3'(=&"4(@8"423'
~(]3)3(%8(514)3(%'/G(2385")3()%(#1%A3',(9%H1%v3'(E(&%)34)3'(2353(
6%&8"'D( "8"&C")3'( E( &3'")3'( 2353( "85%4)&"'D( 234( )$@1X3'( "@'/&"2/3'D(
"8"&C")3'(E(&3'")3'(2353("85%4)&"'D(234()$@1X3'("@'/&"2/3'D(6$4/")3'("8(
\8%3D(8"("21"&%8"D()%()$A%&'3'(/"5"v3'(E(F3&5"'D(&3X3'(E(A%&)%',(nS\4)%(
%'/G4o( S$'$5u8"4'%( %4( 8"'( 2"X"'D( A"'3'D( '35@&%&3'( E( &36%&3'D( %4( 8"'(
&%/"5"'(E("2"2$"'(L<,()$(w$3&C$3B(IU_`D(UJM,

*"( %415%&"2$\4( GC$8( )%( '%&%'( E( "22$34%'( H1%( 2"5@$"4( 234/$41"[

5%4/%( )%( )$&%22$\4( 3( '%4/$)3( 6&%A$'$@8%( L%8( A%8"/3&$3( "4/%'( )%8( b4"8(
)%8("22$)%4/%D(8"(63'%'$\4()%(14(51&2$08"C3D(8"(3&"2$\4("(14(5%8\4D(%8(
2"'"5$%4/3()%(14(2"@"883("c18M(C%4%&"D(2353('%(#"('%v"8")3D(14(&$/53(
/&%6$)"4/%D( "( A%2%'( $&&%C18"&D( '3@&%'"8/")3D( )%'2342%&/"4/%D( E( 63'%%(

!"#$#%&'()*+,,'''775 -./0./..'''..1.2
 kkU

")%5G'(14($4/%4'3(E('1C%&%4/%(A"83&(68G'/$23,(=4(32"'$34%'(%8('%4/$)3(
'%(53)$b2"(234)$2$34")3(E(14(6323(F3&c")3(63&(8"'(#353F347"'D(2353(
'%v"8"(=2#"A"&&%4_,(*"'($5GC%4%'(43('34D(%4(4$4Cu4(2"'3D(&%"8$'/"'D(
'$43()%(14(21v3(F"4/G'/$23(51E(6%&'34"8D(61%'(8"(6%&'6%2/$A"(2"5@$"(
)%(234/$413D(%4(/"4/3(83(&%8"/")3(2"&%2%()%(3&)%4(4"&&"/$A3(3(6&3C&%'$\4(
2&3438\C$2",(='/"'(%'/"56"'(234'/$/1E%4D(b4"85%4/%D(X1%C3'()%(%'6%[
X3'D('16%&63'$2$34%'(3('$518/"4%$)")%'(21@$'/"'D('1&&%"8$'/"'(3($4281'3(
%O6&%'$34$'/"'D()")"(8"()$'/3&'$\4(F3&5"8B
?1( 8%4C1"X%( 43( @1'2"( &%6&%'%4/"&( 5$50/$2"5%4/%(14"(&%"8$)")('$43(
&%$4A%4/"&8"D( "( /&"A0'( )%( $5GC%4%'( 4"2$)"'( )%( 8"( $4'/"4/"4%$)")( )%8(
&%8G56"C3,(=8(%F%2/3(%'D(6&%2$'"5%4/%D()%'815@&"4/%(%($45%)$"/3D($42$/"("(
6&3'%C1$&(8"(8%2/1&"(6%&3D("8(5$'53(/$%563D()%'"8$%4/"(8"(@u'H1%)"()%(14(
&%8"/3h(43(63&('1("1'%42$"()%("22$\4D('$43(63&('1(6&38$F%&"2$\4($42%'"4/%(
L?""A%)&"D(%4(w"&%/(I_JM,

=8(8%4C1"X%(%'D(61%'D(63&/%4/3'"5%4/%(A$'1"8(t$4'$'/3(%4(H1%(43($5[
63&/"(8"(/&"5"t(E('%(234%2/"(234(3/&3'(2\)$C3'('%5$\/$23',(?1'(21")&3'(
3( %'2%4"'( &%6&%'%4/"4( '\83( 6"&2$"85%4/%( 8"( /3/"8$)")( '1C%&$)"( )%( '1(
514)3(347&$23(E(4142"(F3&5"4(14(F&%'23("8%C\&$23D('$43(H1%(6"&%2%4(
5G'(@$%4D(2353('%(#"(&%'%v")3(%4(32"'$34%'D(F&"C5%4/3'(3(53/$A3'()%(
83'(8$%4c3'()%(=8(T3'23D(!#"C"88D(>&2$5@38)3(3(?38"&$,(a$'1"8$2%53'D(
"8("c"&D(3/&"()%('1'(A$v%/"'B
S%('u@$/3D(%'/"88\(8"(C1%&&",(^3('%('"@7"('$(%&"()%()7"(3()%(432#%,(
^142"(%'/1A3(4")"(/"4(3'21&3(4$(/"4(28"&3,
r"E( 14( &1$)3( /&%5%4)3( %4( %8( #3&$c34/%( E( '1@%( 14"( %'/&%88"( )%( )$%c(
6$'3'(E('%(%'/&%88",
q(A$%4%4(83'(C1%&&%&3'("(2"@"883(3(%4(235%/",(*"'(235%/"'('34(&3X"'D(
"5"&$88"'(E(&3'")"',(?34(&3'")"'(3(&"E")"',(=4(F3&5"()%(8%2#1c"(E(5"[
&$63'",(>8C14"'(43(/&"%4(6"'"X%&3h(6%&3($C1"8D('%("6%"4D(6"A3&3'"5%4/%,
^3('"@%53'(H10(#"2%&D(E('"2"53'(8"'(/&%4c"'(F"8'"'D(83'(A%'/$)3'(234(
8%4/%X1%8"'(E(@&$88"4/%'D()%(8"'(C1%&&"'(LIU_`D(IjM,

S%(3/&"(6"&/%D(%4(%'%()%X"&'%("&&"'/&"&(63&(8"(2")%42$"(E(8"(@&$88"4/%c(
)%( 8"'( 5%/GF3&"'D( %4( %8( 04F"'$'( %4( 83( 3O$53&\4$23[2"&4"A"8%'23D( "'7(
2353(%4(8"(F&%21%4/%(6&%'%42$"()%8(235634%4/%(%'2"/38\C$23['%O1"8D(
'%(6%&2$@%(14"(b8$"2$\4($4)1)"@8%(234(8"(A%&'$\4(234/%563&G4%"()%(8"(
63%'7"("(8"()%&$A"(3(%4(6&38$F%&"2$\4B(8"(A%/"(m4%3@"&&32"p,(='/"("2/1"[

_(
m8"'($5GC%4%'('34($423568%/"'(3(F81$)"'D('%(53)$F$2"4("8(%8%C$&(8"'(6"8"@&"'(H1%(8"'()%'[
2&$@%4h(%'"'(F$C1&"2$34%'($4)%2$'"'('%()%'6&%4)%4()%(8"(8%/&"(5$'5"p(LkJJ`D(UM,

!"#$#%&'()*+,,'''776 -./0./..'''..1.2
 kRJ

8$c"2$\4(&$368"/%4'%(E(&")$2"8()%8(@"&&323(2"&$@%v3()%(?"&)1E(3(*%c"5"(
%'( )%435$4")"( /"5@$04( m@"&&323( )%( /&$42#%&"pD( m@"&&323( 21%&63( "(
/$%&&"p(3(m4%3@"&&3'3p(t@"&&323(6"'")3(63&(%8(@"&&3()%(83'('1@1&@$3'(
@34"%&%4'%'t( E( 6&3634%( 83'( $4/%&'/$2$3'( 3( 5G&C%4%'( /&"4'C&%'3&%'( E(
C&3/%'23'()%8(8%4C1"X%(2353(%'/0/$2"(E("61%'/"(6387/$2"B
~*"(630/$2"(m4%3@"&&32"p(43("61%'/"(~("(14(50/3)3(u4$23(3(23[
#%&%4/%()%(%O6%&$5%4/"2$\4(~(='($561&"B(3&"(2383H1$"8D(3&"(36"2"D(
3&"(5%/"630/$2",(]&"@"X"(/"4/3(8"('$4/"O$'(2353(%8('1'/&"/3(F\4$23D(8"'(
432$34%'( 2353( 83'( 832"8$'53'( ~( *3'( 63%/"'( 6"'"4( )%( 14( 4$A%8( )%(
&%F%&%42$"( "( 3/&3D( '$4( 8$5$/"&'%( "( 14"( %'/&"/%C$"( %'6%27F$2"( 3( "( 2$%&/3(
A32"@18"&$3(3()$'/"42$"($&\4$2"(F$X"(L9%&834C#%&(kIIM,

>'7D( <"&3'"( )$( w$3&C$3( 6&3634)&7"( 3/&"( 5"4%&"( )%( m%5@"&&"&p( 3(

)%'6&%'/$C$"&(8"(5$&")"("(938$F%53(234(/%O/3'(H1%('34(61&"(%A32"2$\4(
3('1C%&%42$"(%O/&"v"D(/"4($45"/%&$"8%'(E(5"C40/$23'(2353(14('1%v3h(
4142"(%'/"88"4(3(/$%4%4(14('%4/$)3D(4142"(/$%4%4(14()%'"&&3883(63&H1%(
%8(%'/"88$)3(3(14"(8\C$2"(4"&&"/$A"(234A%42$34"8('1634)&7"4('1(b4D('1(
28"1'1&"U,(93&(%883D('1'(/%O/3'('%(6"&%2%4D(2353("b&5"(-3@%&/3(=2#"[
A"&&%4D("(14(X1%C3()%("5%4"c"(347&$23(3()%(%'/$&6%(2#"5G4$2"D()34)%(%8(
)$G83C3($4/%&/%O/1"8(3(8"(&%21&&%42$"()%(8%$/53/$A'D(435@&%'D(6%&'34"X%'(
E(50/3)3'()%(%'2&$/1&"('34(234'/"4/%',(='/3(63)&7"('%&(A$'/3(2353(14(
)%50&$/3D(2353(14"(&%)14)"42$"(%'/$87'/$2"D(61%'('1(3@&"(6"&%2%(#"@%&(
'$)3(2&%")"()%(14('383($5618'3D(%4(14('383(53A$5$%4/3,(?$4(%5@"&C3D(
83C&"(83(H1%('\83(83'(%'2&$/3&%'()%(C%4$3(234'$C1%4B(8"(2&%"2$\4()%(14(
514)3(6%&F%2/"5%4/%(23#%&%4/%(E(%4'"5@8")3(C&"2$"'D(%4(C&"4(5%)$)"D(
"(%'%(%'/$83($4234F14)$@8%D()34)%(6&38$F%&"4(A$'$34%'(E("234/%2%&%',(=8(
8%4C1"X%(%'D(%4/342%'D(14"(5G'()%('1'(2&$"/1&"'('3@&%4"/1&"8%'(E(%O$C%("8(
8%2/3&(14"(/3/"8("6%&/1&"()%(5$&"'(E(14(%X%&2$2$3(756&3@3(6"&"(8$@&"&'%(
)%(83(6&%%'/"@8%2$)3(E(2"&/%'$"43,(=4(%8(F34)3D(83(H1%(6$)%('1(A%&@3(%'(
H1%(A38A"53'("(8"($4F"42$"(E(43'("8%X%53'()%(/3)3($4/%4/3()%(&"2$34"[
8$c"&('1'(F"4/"'7"'h(H1%(41%'/&"(%O0C%'$'()%X%()%(%'/"&(234)$2$34")"(63&(
83'(#3&$c34/%'(")H1$&$)3'(E('1'/$/1E"53'D(2353(6&3634%(8"(%'/0/$2"()%(
8"(&%2%62$\4D(432$34%'(6&%A$"'(63&(3/&"'(41%A"'D(5G'()$4G5$2"'(E(%4(
234'/"4/%(%A3812$\4,(>'7(61%'D(8"(F"'2$4"2$\4(63&(8"(5"/%&$"8$)")()%8(
8%4C1"X%( 5$'53D( H1%( %'( )%(234/$413( "8/%&")3( 3( &%'%5"4/$c")3( #"'/"(

U(
=8("&C%4/$43(^0'/3&(9%&834C#%&(E(%8(1&1C1"E3(-3@%&/3(=2#"A"&&%4('34()3'()%(83'(6&$42$[
6"8%'("1/3&%'()%(%'/"(23&&$%4/%(4%3@"&&32"(H1%(43(234'/$/1E%(%4(4$4Cu4(2"'3(14(53A$5$%4/3(
'$43(14"(%O6%&$5%4/"2$\4()%')%(8"('$4C18"&$)")(L=2#"A"&&%4(kJJJM,(^3(234A$%4%(38A$)"&D(
'$4(%5@"&C3D(H1%(%8(T"&&323()%(w\4C3&"(3(:1%A%)3(43('%(H1%)"@"(%4(8"(5%&"(%&1)$2$\4(
3(%'/%/$2$'53D('$43(H1%(E"($4)"C"@"4(%4(83'("@$'53'(E(83(4"1'%"@14)3()%(8"(234)$2$\4(
#15"4"()%')%(8"(6"&3)$",

!"#$#%&'()*+,,'''7-0 -./0./..'''..1.2
 kRI

83C&"&(14(#%&5%/$'53(51E(5"88"&5%"43D(F&1/3()%(8"(%O683&"2$\4(%4(
8"(638$A"8%42$"(E(&%[23)$b2"2$\4()%(8"(6"8"@&"D('$4C18"&$c"(83'(/%O/3'(
)%(<"&3'",

JJ8*Z8*

m<$&"@"()%(F&%4/%(83(/%&&$@8%D(%8(5$'/%&$3(
)%(14"(F$C1&"(&%23&&$%4)3(8"(2#"2&"p(((((
-3@%&/3(=2#"A"&&%4
mr"E(14"(234'/%8"2$\4(#$&A$%4)3(")%4/&3(
)%(8"(6$%)&"p(
(((((((<"&3'"()$(w$3&C$3
(m2&$&%(%'/(14%("FF"$&%()%()%A%4$&D(/31[
X31&'( $4"2#%A0D( /31X31&'( %4( /&"$4( )%( '%(
F"$&%D(%/(H1$()0@3&)%(/31/%(5"/$e&%(A$A"@8%(
31(A021,(!P%'/(14(6&32%''1'B(2P%'/[f[)$&%(
14(6"''"C%()%(A$%(H1$(/&"A%&'%(8%(A$A"@8%(
%/( 8%( A021,( *P02&$/1&%( %'/( $4'06"&"@8%( )1(
)%A%4$&B( %4( 02&$A"4/( 34( )0A$%4/[F%55%D(
34()0A$%4/("4$5"8,,,p(((((((w$88%'(S%8%1c%

*"'(/&%'(2$/"'(H1%($4$2$"4(%'/%("6"&/")3("614/"4(#"2$"("8C143'()%(83'(
A%2/3&%'(3(C&"4)%'(%X%'('$5@\8$23'(6&%'%4/%'(%4(%8()$'21&'3()%(41%'/&"(
"1/3&"B(8"($)%"()%(83(m'$4$%'/&3pD(3()%(2\53(83(F"5$8$"&('%(A1%8A%(%O/&"v3D(
'%Cu4(%8(2342%6/3()%(W&%1)D(/"4(&%21&&%4/%(%4(8"(4"&&"/$A"(F"4/G'/$2"h(
%4('%C14)3(81C"&D(14"(432$\4("@$%&/"(E(6"4/%7'/"()%(%'6$&$/1"8$)")("(
8"(#3&"()%(2342%@$&(8"(A$)"(E(8"(%'2&$/1&"D()34)%(/3)3('%(&%C%4%&"(E(
#"@$/"(%4(/3)3(ED(%4(/%&2%&(/0&5$43D(8"(6&361%'/"()%(14(%&3/$'53(H1%(
68"4/%"(14"(41%A"(F3&5"()%(&%8"2$\4(%4/&%(83'('%&%'(5G'(8$@&%D(5%43'(
)35%v")"(3()35%'/$2")"(63&(8"(&%/\&$2"()%8(63)%&,(!$%&/"5%4/%D(83'(
/%O/3'()%(<"&3'"('34(/"4()$F%&%4/%'(H1%(8"(5$&")"(2&7/$2"(H1%('%()%@%(
")36/"&("(8"(#3&"()%($4/%&6&%/"&83'(43(61%)%('%&('$43()$'/$4/"D()$F%&$)"D(
E"(H1%(%8(8%2/3&(/$%4%(H1%()%X"&'%(88%A"&(E(6"&/$2$6"&()%8(X1%C3(6"&"(H1%(
'%(6&3)1c2"(%8()%'"&&3883(4"/1&"8()%(8"'($)%"'(E(%8(m68"2%&()%8(/%O/3p,(
S%')%(%'/"(6%&'6%2/$A"D("14H1%('1(%'2&$/1&"('1C$%&"(14"(5"4%&"(41%A"(
)%(2356&%4)%&(8"(8$/%&"/1&"(E(8"'(&%8"2$34%'('32$3[6387/$2"'D(%4(8"(H1%(
'%( "418"4( 234A%42$34%'D( X%&"&H17"'( E( 63)%&%'D( 4142"( '%( 38A$)"( H1%(
'%( %'/G( %4( %'%( 514)3( 5"&3'$"43( ED( 63&( /"4/3D( "[#$'/\&$23D( "1/3&&%F%[
&%42$"8( E( "1/3"@"'/%2$)3D( 234( &%C8"'( 6&36$"',( ='/"( "1/34357"( )%( '1'(

!"#$#%&'()*+,,'''7-. -./0./..'''..1.2
 kRk

/%O/3'(5%&5"&7"D(%4(8"(6&G2/$2"D(8"("68$2"2$\4(3(8"(%F%2/$A$)")()%(%'%(
%'67&$/1()$'$)%4/%("(8"(&%"8$)")D(83(H1%(8"()$'/"42$"&7"()%(83'(3@X%/$A3'(
)%(9%&834C#%&(E(3/&3'(4%3@"&&323'(H1%D(234('1'(2&%"2$34%'D(6&%/%4)%4(
$4d1$&( )$&%2/"5%4/%( %4( 8"( '32$%)"),( ]%4$%4)3( %4( 21%4/"( %'/%( 5"/$cD(
%'(%A$)%4/%D('$4(%5@"&C3D(H1%(<"&3'"(6"&/%()%(14"(&%"8$)")(2342&%/"D(
%'6%27b2"(E(H1%(8"'(43&5"'('32$"8%'D(&%8$C$3'"'D(6387/$2"'(3('%O1"8%'(
%'/G4(%4(%8(3&$C%4()%8()%'534/"X%(H1%(36%&"4('1'(b22$34%',(=8(2"&G2/%&(
%'H1$A3(234(&%'6%2/3("(83(234/%O/1"8(3('32$3[#$'/\&$23()%('1'(/%O/3'D(/"4(
2"&"2/%&7'/$23(63&(3/&"(6"&/%()%(8"(%&"(63'/53)%&4"D(&%21%&)"(%4(2$%&/3(
53)3("(8"(8\C$2"(F"4/G'/$2"D(6%&3(%56"6")"()%(14"(2&7/$2"($56872$/"("(
14"(&%"8$)")('\&)$)"(E()%2")%4/%D()%(83'(&%8"/3'()%(W%8$'@%&/3(r%&4G4[
)%c,(=4(u8/$5"($4'/"42$"D(%'%("4#%83(14$A%&'"8$'/"(E(638$'05$23D(8%X3'(
)%(21"8H1$%&(&%C$34"8$'53(3(832"8$'53D(61%)%('%&(143()%('1'(5"E3&%'(
83C&3',(>b&5"("(%'/%(&%'6%2/3(<"&7"(^%C&34$B
;4(%'6"2$3($4/%4'"5%4/%(3@'2%43D(%4(%8(H1%(21"8H1$%&(23'"(61%)%D(%4(
21"8H1$%&(535%4/3D('%O1"8$c"&'%(E(14(G4C%8("2"@"&(23618"4)3(234(14"(
X"&&"()%(/0D(14"(6"835"(%2#"4)3(2$423(60/"83',(]3)3(321&&%D(5G'(@$%4D(
)%(14(53)3('%&%43D($4A%&3'75$8D(2353(%4(83'(21%4/3'()%('1(2356"/&$3/"(
W%8$'@%&/3(r%&4G4)%c(L`M,

=8()$'21&'3(2&76/$23(E(%'3/0&$23()%(<"&3'"("u4"D(%4/342%'D(&%"8$)")(
E(F"4/"'7"D(<+)C();<(E("$<+)C();<D(83(m43&5"8p(234(83(m"43&5"8pD(83(
A$'$@8%(234(83(3218/3D(%4(14"(234d1%42$"(41%A"IJ,(

=8("'6%2/3(3(%X%('$5@\8$23(H1%(5G'(5%($4/%&%'"(%'(%8(H1%('%(&%b%&%(
"( 8"( 234bC1&"2$\4( "1)"c( )%( 3/&"'( 53)"8$)")%'( )%( %&3/$'53( H1%D( %4(
"&&$%'C")"( #$6\/%'$'D( 61%)%4( '$C4$b2"&( 14"( &068$2"( 234/%'/"/"&$"( "(
14"( '32$%)")( &%6&%'3&"( ED( %4( 21"8H1$%&( 2"'3D( '$%56&%( '1634%4( 14"(
&%)%42$\4(3(2"/"&'$'(63&(8"(6"8"@&"D(63&('1(5$'5"(A%&@"8$c"2$\4,(q"(
")A$%&/%(9%&834C#%&("2%&2"()%(%'/%(234/&38(6387/$23('3@&%(83'(21%&63'(
%4(14"()%('1'(23&&3'$A"'()%28"&"2$34%'B(mn9%&3(%'(H1%D(%4(6387/$2"D('%(
%'/G(#"@8"4)3()%(C32%o(*"(6387/$2"()%8(%'/")3('%(#"()$&$C$)3("(%A$/"&(8"(
234'15"2$\4(t)$b218/"&(%8(m"2/3p('%O1"8,(>'7(#"2%&(%8("53&(#"()%X")3(
)%('%&(14(6%2")3(6"&"(234A%&/$&'%(%4(14(5$8"C&3p(LIRkM,(

*3'(/%O/3'()%(<"&3'"(68"4/%"4($4b4$/"'(63'$@$8$)")%'()%(C32%,(>'7D(
)%'&%"8$c"4( E( /&"A$'/%4( 83'( 23563&/"5$%4/3'( '%O1"8%'( 43&5"/$A3'D(

IJ(
='/%(514)3(638$F\4$23(%421%4/&"('1'(F1%4/%'()%($4'6$&"2$\4D("(6"&/%'($C1"8%'D(%4(%8(514)3(
C&%23&&35"43D(%4(%8(14$A%&'3(F%0&$23D(%4(8"($5"C$4%&7"(5%)$%A"8D(%4(%8(X1)"7'53D(%8(2&$'[
/$"4$'53(3(%4(8"'(2&%%42$"'("'$G/$2"'h("'$5$8"()%($C1"8(53)3("(}"8/(}#$/5"4D(}$88$"5(
T8"%D(*"1/&0"534/D(*%Z$'(!"&&388D(>&5347"(?35%&'(3("8(E"(2$/")3(W%8$'@%&/3(r%&4G4)%c

!"#$#%&'()*+,,'''7-7 -./0./..'''..1.2
 kRR

147A323'(%($4234'2$%4/%5%4/%("'$5$8")3',(?1(%'2&$/1&"(%'(5"%'/&"(%4(
8"()%'4"/1&"8$c"2$\4()%(8"'(2"/%C3&7"'(m#35@&%p(E(m51X%&pD(H1%(E"(68"4[
/%"&"(T1/8%&D(6%&3(/"5@$04()%(8"'(2"/%C3&7"'('3@&%4"/1&"8%'()%(mG4C%8pD(
ma$&C%4pD(m"4$5"8pD(m#")"p(3(m)&1$)"p(E()%(83'(%421%4/&3'(3(&%8"2$34%'(
F7'$2"'(H1%(61%)%4(/%4%&(81C"&(%4/&%(%883',(=4(%'/%('%4/$)3D(&%$A$4)$2"(
14"(41%A"(6387/$2"()%8()%'%3(t83('%O1"8($56&%C4"(/3)3t()%'6&%X1$2$")"(
E('$4(/"@u%'(%4(8"(H1%(/"4/3('%&%'(#15"43'D(2353("4$5"8%'D(68"4/"'(3(
'%&%'(5GC$23'(tE(%'/"(%'(14"()%('1'(5"E3&%'($443A"2$34%'t()%X%4()%(
%'/"&(234'/&%v$)3'B
S%(4$v"(A$A7(%4(%8(2"563(E(A$("2368"&'%("(83'("4$5"8%',(<%(88"5"@"(8"(
"/%42$\4(%8("6"'$34"5$%4/3()%(8"'(C"/"'D(H1%(/$%4%4(43&5"85%4/%(14"(
%O6&%'$\4(/"4($56"'$@8%(E(8%X"4",(q(43/0(A38"&(53'2"'(%4'"5@8")"',(q3(
A%7"('$4(53&@3'$)")("8C14",(!353(14(G4C%8(H1%(3@'%&A"'%(8"'(23'"'()%8(
/$%563(E()%(8"(/$%&&",(>#3&"D(%'3'(&%21%&)3'(5%('$&A%4(6"&"(8"(%'2&$/1&"(
%&\/$2"(H1%(%'/3E(#"2$%4)3(L%4(w"&%/(klM,

='/"(A32"2$\4()%(&16/1&"(E(/&"4'C&%'$\4D($4'6$&")"(63&(14"(5$412$3'"(
3@'%&A"2$\4()%8(%4/3&43D(43'(#"2%(%56"&%4/"&(8"'(b22$34%'()%(<"&3'"(
234(8"(/%3&7"(R"++,(3(/&"4'C04%&3D(/"4(6&"2/$2")"(63&(/3)3'(83'(%'2&$/3&%'(
4%3@"&&323',(-%23&)%53'(H1%(%8(/0&5$43(R"++,D(H1%(%56%c\('1("4)")1&"(
2353(14(A32"@83(6%E3&"/$A3(#"2$"(8"(63@8"2$\4(#353'%O1"8(43&/%"5%[
&$2"4"D(#"()%'68"c")3('1('%4/$)3(#"'/"(%'/"4)"&$c"&'%(2353(&%F%&%42$"("(
m83(&"&3pD(m83(%O/&"v3pD(m83(%O204/&$23p(3(mF1%&"()%(83(43&5"8p,(*"(/%3&7"(
R"++,'21%'/$34"(8"($)%4/$)")('%O1"8(bX"(3(%'/"@8%D(H1%(43(%'('$43(6&3)12/3(
)%(14"(234'/&122$\4('32$"8(3(218/1&"8(36&%'3&"D(E(#1E%()%(%/$H1%/"'(E(
28"'$b2"2$34%'(6"&"(6&3634%&(8"(A%&'"/$8$)")()%(2"/%C3&7"'D(8"()$A%&'$)")(
)%(23563&/"5$%4/3'(E(%8(v&,P')$'1,&9,+--D(%8(234/$413()%A%4$&()%8(21%&63(
E('1('%O1"8$)")(2353(63'$@$8$)"),(]3)"(8"(3@&"()%(<"&3'"(%'/GD(61%'D(
"/&"A%'")"(63&(14"(m/&"4'[C%4%&$c"2$\4p(%4(%8('%4/$)3()%(H1%(&356%(234(
83'(&38%'('32$"8%'D(83'(538)%'(%&\/$23'(3(8"'(6&G2/$2"'('%O1"8%'D(%4(14"(
C1%&&"("8("6"&"/3(%'/"/"8(H1%(2"4"8$c"(83'()%'%3',(?1'(6%&'34"X%'($4A$/"4(
"(43(28"'$b2"&D("(%O683&"&("(/&"A0'()%(14(21%&63(H1%(/"5@$04(51/"D(2"5@$"(
E(61%)%(%4234/&"&(68"2%&(%4(#34C3'D(68"4/"'(E("4$5"8%'(3(%4(%8('")$'53(
5G'('\&)$)3(%X%&2$)3('3@&%(%8(6&36$3(21%&63(1(3/&3'('1X%/3'(t43(38A$)%53'(
%8(2"&G2/%&(m'"8A"X%p()%('1'(6"6%8%'tB
=&"()%(432#%(E(A$43(14(68"4%/"h(E3()%X0(5$(8"@3&(E(6%H1%v"(2%4",(<%(
61'%(14"(&3'"(%4(%8(%'23/%(~,(*1%C3()%(14(&"/3()%(5$&"&83(512#3D(83(
"@&"20D(5%(H1$/0(%8(A%'/$)3D(/$&0(8"(&3'"D(83("@&"20D(83("@&"c"@"(234(5$'(
@&"c3'(E(6$%&4"'(E(6%H1%v"'(/%/"',(*3(@%'0(512#"'(A%2%',(?%(5%(2"E\(
"8C3()%8('%O3D(2353(14(6$563883D(14(#1%A3D('%(83("68"'/0(L234("&35"("(
A$)"(74/$5"MD('%(83(&%F&%C10,(=8(68"4%/"(8%A$/\D('1@$\(14(6323D('"8$\()%8(

!"#$#%&'()*+,,'''7-- -./0./..'''..1.2
 kRV

'1%83,(-G6$)"D(5%(83("23'/0()%@"X3D("@&7(8"'(6$%&4"'h(%4/342%'D(%'/$&\(14(
C"&F$3D(&%2$04("6"&%2$)3D(83($4'%&/\(%4(5$(81C"&()%8(H1%(#"@7"(A38")3(%8(
#1%A3,(LkJJ`D(V_M

=8(514)3()%(8"(4"/1&"8%c"(%'('$%56&%(%4(<"&3'"(%8(u4$23(G5@$/3(63[
'$@8%(6"&"(%'/"(1/367"(R"++,'E(%O1)"(14"('%O1"8$)")(4142"(638"&$c")"(
'$43("@$%&/"D(5u8/$68%D(234(F&%21%42$"(FG8$2",(?1(=)04(%'($4A")$)3(63&(
$4b4$)")()%(d3&%'(t)$"5%8"'D(8$&$3'D(#$@$'23'D(&3'"'tD("4$5"8%'()%(/3)3(
/$63(tc3&&3'D(6GX"&3'D(5"&$63'"'D(83@$c34%'tD()$"@83'D(#")"'(E(3/&3'("&[
H1%/$63'()%(8%E%4)"(t%4(%'"(2342%'$\4("8('1'/&"/3(5GC$23[2&$'/$"43tD(3(
6%&'34"X%'($4F"4/$8%'(3($4A%4/")3'D('$%56&%(234(8"'(bC1&"'()35$4"4/%'(
)%(8"(5")&%(E(8"'(6&$5"',(?%(/&"/"()%(14(%'6"2$3(57/$23(E()%(14(/$%563(
3(%'/")3(6&%A$3("(8"(&"c\4D(6&%[8\C$23(tE(6&%[")G4$23D(H1%(%'(6&%2$'3(
/3)"A7"(435@&"&tD(%4(%8(H1%(83'("4$5"8%'(234%2/"4D('%(23514$2"4(E(
'%(14%4(234(83'(#15"43'(E(234(83'()$3'%'()%')%(83($4'/$4/$A3D()%')%(8"(
%'634/"4%$)")()%(14()%'%3($4/%4'3(E(2"'$('$%56&%(@8"'F%53(3($&&%A%[
&%4/%,(*3'('%&%'(57/$23'(/35")3'()%(8"(&%8$C$\4('%('$/u"4("8(5$'53(4$A%8(
)%("2/1"2$\4(H1%(83'()%5G'D('"/$'F"2%4(6"'$34%'()%(F3&5"(5%2G4$2"(E(
43( &%2$@%4( 4$4Cu4( /&"/"5$%4/3( %'6%2$"8D( 61%'( 43( '34( 5G'( H1%( %4/%'(
43A%8%'23'D(83(H1%(51%'/&"(8"(d1$)%c(E("#$'/3&$2$)")()%8(514)3(5"[
&3'$"43(E(8"('1/$8%c"()%('1(2%4'1&"(3(8"("6%&/1&"()%('1'(2342%62$34%',(
m*3'(6%&'34"X%'(2&$'/$"43'(2353(8"(a$&C%4(3(8"'(A7&C%4%'D(43('34(
%4(A%&)")(&%F%&%4/%'(5$/38\C$23'($4%H17A323'D('$43(5G'(@$%4('363&/%'(
6&%2"&$3'()%("234/%2%&%'(E(1@$21"'(F3'F3&%'2%42$"'p(L=2#"A"&&%4B(kJJ`D(
IVM,(*3'("4$5"8%'(E(8"'(68"4/"'D(H1%(%4('1(3@&"(21568%4(F142$34%'(/"4(
)$F%&%4/%'("(8"'(H1%('%(8%'("'$C4"(%4('1(%'2"8"(c338\C$2"(E(@3/G4$2"D('34(
6"&"( <"&3'"( '%&%'( '"C&")3'D( E( 83'( '%&%'( '"C&")3'( '34( #15"4$c")3'D(
'$%56&%( %4( 14"( "/5\'F%&"( )%( A"C1%)")( E( '1C%&%42$"D( %A"4%'2%4/%( E(
2&%61'218"&II,(='/"(5%c28"(/"4('1&&%"8$'/"()%(83(347&$23(E(83(&%"8D(234(
'1($4%A$/"@8%(%F%2/3('$4$%'/&3D(6&%'$)%(8"'("22$34%'(3(/&"5"'(C1$")"'(63&(
$4b4$/"'(E(&%21&&%4/%'(2%&%534$"'()%($4$2$"2$\4('%O1"8D(F%214)"2$34%'D(
234/"5$4"2$34%'("0&%"'(E(A$38"2$34%'(H1%(/$%4%4(81C"&('$%56&%(%4(%8(

II(
?\83(%4(%8(u8/$53()%('1'(/%O/3'D('1(43A%8"(G+)$#':C+()#(LIUUUMD(%'2&$/"(2"'$(63&(%42"&C3D(
#"E(14(5"E3&($4/%4/3()%()%'2&$@$&(6%&'34"X%'(E(6&3F14)$c"&(%4('1(6'$H1$'D()%()%X"&83'(
%O6&%'"&'%(63&('7(5$'53'D("(/&"A0'()%8()$G83C3(E()%(14"(6$4/1&"(5G'(%O#"1'/$A"(63&(6"&/%(
)%(8"(4"&&")3&"D(6%&3(4142"(23#%&%4/%(L5"%'/&"(H1%(%4'%v"(234(143'(8%4/%'('$4(A$)&$3'D(
"4$5"8%'()%(A"&$3'(6$'3'D(F%/3'(3(@"E"'(2353("8$5%4/3(&$/1"8D(512#"2#"(234(3F$2$3()%(
m5"&$63'"pD(%/2,,,M,(>)%5G'D(43()%X"()%('%&(14"(43A%8"(87&$2"(5"&2")"(63&(83(F&"C5%4/"&$3D(
83(638$0)&$23D(61%'('"@%(8"("1/3&"(H1%('%("6&%'"(5%X3&(%8(514)3()%')%(83'($4/%&'/$2$3'(
E(83'(@3&)%'D()%')%(8"(63'$2$\4(%O204/&$2"(H1%()%')%(%8(4u28%3,(93&(3/&3(8")3D(&%21&'3'(
2353(8"(#$6G8"C%D(/"4(6&36$"()%('1(")5$&")3(W%8$'@%&/3(r%&4G4)%cD(3(8"()%&$A"2$\4()%(
'$C4$F$2")3'('%(%O/&%5"4("H17(E("82"4c"4(8"(5GO$5"(%O6&%'$\4()%("'35@&3(%4(%8(8%2/3&,

!"#$#%&'()*+,,'''7-3 -./0./..'''..1.2
 kR`

X"&)74D(8"(2#"2&"D(%8(@3'H1%(3D(%O2%62$34"85%4/%D(8"(2"'",(*"'(14$34%'(
'34(5G'(@$%4(/&"4'F3&5"2$34%'D(5%/"53&F3'$'D("812$4"2$34%'D(5$8"C&3'(
3(m'12%'3'p(&%6%4/$43'D(%'()%2$&D(83'(#%2#3'(43(321&&%4D(m")A$%4%4p()%(
F3&5"($56&%A$'$@8%(%($45%)$"/"(E('1634%4(%8($4C&%'3(%4(83'(%'6"2$3'(
)%(c3c3@&"B
*"( H1$4/"( )%( 4"&"4X3'( $414)\( /3)"( 8"( /$%&&"D( %8( 2$%83D( %8( $4/%&$3&( )%(
8"(2"'"h(234(%88"(A$4$%&34(83'(#34C3'D(8"'()$"5%8"'D(4"2$\(%8(G4C%8(H1%(
/%47"(F&1/"'(%4/&%(8"'(6815"'D(28"A%8%'(E()$"5%8"'D(H1%(%4(14(C&"4("8%/%3(
'3@&%A38"@"(8"(68"4/"2$\4,(?%('12%)$%&34(/3)"'(8"'(512#"2#"'()%(8"(2"'"D(
A%'/$)"'()%(43A$"D($4/%&5$4"@8%5%4/%,(q(83'(51%&/3'(234(23&34$/",(>(
A%2%'D(5%(6"&%2%(H1%(%'/3E(8$@&%D(6%&3D(14(6"'")3("2%2#"4/%D(&%"@&%(8"'(
61%&/"'(LIUjUD(VRM,

>8C143'( 8%$/53/$A'( '%O1"8%'( '34( /"4( &%21&&%4/%'( H1%( 61%)%4( '%&(

2"/"83C")3'(2353(3@'%'$34%'(%'2&$/1&"8%'B(8"(60&)$)"(t234(F&%21%42$"(
/&"15G/$2"t()%(8"(A$&C$4$)")(E(%8(3218/"5$%4/3()%(/"8(#%2#3D(8"(F%214[
)"2$\4(63&(234/"C$3D(8"(6&38$F%&"2$\4()%(#1%A3'($421@")3'(63&(83'('%&%'(
F%5%4$43'(3(8"($45%)$"/%c()%(8"(@3)"(3(2"'"5$%4/3D(5%/"F3&$c")"("(
/&"A0'()%8(A%'/$)3()%(43A$"(3(83'(&"53'()%("c"#"&(E(H1%("(A%2%'(%H1$[
A"8%("8("2/3('%O1"8('$4(5G',(='/"'(%O6%&$%42$"'('%O1"8%'(F"4/G'/$2"'D('$4(
%5@"&C3D(4142"('34(A$'/"'()%')%(14"(\6/$2"(53&"8D(6%&3('1634%4(14(
)%'%H1$8$@&$3($4A3814/"&$3(6"&"(%8('1X%/3D("8C3('3@&%A%4$)3(H1%("8/%&"(
8"('%&%4$)")(E(83('$/u"(%4(83'(875$/%'()%(83(6%'")$88%'23B
~(mq3(H1%)0(#"&/"()%(%'/"(&%6%/$2$\4D(&%A%&@%&"2$\4p,(~*"(%O6%&$%42$"(
F"4/G'/$2"(%'('$%56&%(14"(/%4/"2$\4($4'%4'"/"D($568$2"(14"($4H1$%/1)D(14(
6%8$C&3,(S%4/&3()%(%'/"(630/$2"()%8()%'"'/&%(E(8"("2%4/1"2$\4()%(F$C1&"'(
)%( "5@$2$\4( %O2%'$A"( E( "1/3)%'/&12/3&"D( /"56323( #"E( 14"( )$'/$42$\4(
A"83&"/$A"( %4/&%( F1%&c"'( )%8( @$%4( E( )%8( 5"8D( %4/&%( )$3'( E( %8( )%534$3(
L=2#"A"&&%4B(kJJ`D(IRM,

='/3'(&$/3'(E(%421%4/&3'D(A$'/3'(%4(32"'$34%'()%')%(2$%&/"($4C%41"(&%'$[
C4"2$\4(3(2G4)$)"("2%6/"2$\4($4F"4/$8D(/$%4%4(81C"&()%(F3&5"(A$38%4/"(E(
234'/"4/%,(*"'(2\618"'D(H1%(&%2$@%4()$A%&'3'(435@&%'(2353(m2"'"5$%4[
/3'pD( m%4&%)"5$%4/3'pD( m/&G4'$/3'pD( m"2368"5$%4/3'p( 3( mA$'$/"2$34%'pD(
'1C$%&%4(8"(2%&2"47"(234(%8(6&3)$C$3D(234(8"(%O6%&$%42$"(57'/$2"B
=&"(@1%43(43(23618"&(X"5G'h(234(8"(5%4/%(#$c3(2%&&"&('1(&3'"('%O1"8D(
/"2#34")"(E("@$%&/"('38"D(E()1&"(2353(14"(3'/&"D(63&()34)%(#"@7"(#3c")3(
"E%&(%8(51&2$08"C3,(S%(83'(6%2#3'(6$4/")3'('"87"4('$8@$)3'("8C3(6"A3&3'3'D(
C3/"'()%("2%$/%()%(38$A",(S%(14"(&"&"(38$A"(H1%(%88"(2&$"@"(%4('1'(c34"'(
@%4)$/"',( =4( '1'( 6"&/%'( 5"8)$/"',( =8( 51&2$08"C3D( 6%4'\D( 4142"( 63)&G(
234/"&(4")",(^3(63)&G()%2$&B(q3(%'/1A%(#"'/"(83(u8/$53(234(%'"('%v3&$/"D(
234(%'"('"4/$/",(^3(63)&G()%'6"&&"5"&(LkJJ`D(UVM,

!"#$#%&'()*+,,'''7-( -./0./..'''..1.2
 kRl

*3(3&C$G'/$23D(8"(6"&")3X"D(8"(5%/"53&F3'$'D(E(%4()%b4$/$A"D(8"(6&38$F%[
&"2$\4()%8%1c%"4"D(H1%(%4/$%4)%(8"($)%4/$)")(2353(14(6&32%'3(3()%A%4$&D(
61%)%4(8$@%&"&(83'(21%&63'()%(8"'($)%4/$)")%'($4"53A$@8%'(%($561%'/"'D(
6%'%("8('1F&$5$%4/3(H1%(%883($568$2"Ik,(='(63'$@8%(8%%&D(%4/342%'D(/"4/3(
8"($234328"'/"("@38$2$\4()%(X%&"&H17"'(E(/"@u%'('%O1"8%'(2353(8"'(51[
/"2$34%'( E( 5%/"53&F3'$'( H1%( %O6%&$5%4/"4( 83'( 6%&'34"X%'( 2353( 14(
21%'/$34"5$%4/3( $56872$/3( )%( 14"( m#%/%&3'%O1"8$)")( )35%'/$2")"( E(
235618'$A"p(L-$2#M(E(14"(&%$A$4)$2"2$\4()%(8"("1/34357"('%O1"8D('3@&%(
/3)3(F%5%4$4"D()%')%(8"(N&")--#$;+'H1%(/%3&$c"4(T"&/#%'(E(!$O31',(=8(
68"2%&D("614/"(T"&/#%'D()%X\()%('%&(14"(2"/%C3&7"(@1&C1%'"(6"&"(6"'"&("(
234A%&/$&'%(%4(14(2342%6/3(234(C&"4(63/%42$"8(234/%'/"/"&$3,(=8(68"2%&(
%4(<"&3'"('%&7"(14"(%O6%&$%42$"($&&%)12/$@8%()%8(8%4C1"X%(ED(%4(2$%&/3(
'%4/$)3D(14"(A7"()%(%'2"6%D(%4(%F%2/3D("(83($)%38\C$23,(!34(F&%21%42$"(
%8(C32%(%'(14("1/3C32%IRD(83(H1%(&%A%8"(8"("61%'/"(63&(3/&"'(F3&5"'()%(
68"2%&(E()%(%'2&$/1&"D(63&(8"(m%'2&$/1&"()%8(21%&63p,(!34(/3)3(E(6%'%("(
6&%'/"&(%'6%2$"8("/%42$\4("(8"'(51X%&%'D(43(%'(8"($56&34/"(3('%4'$@$8$)")(
F%5%4$4"(8"(H1%()%'/"2"&7"53'(%4('1'(%'2%4"'D('$43(14"(5"&2"(%4(/3)3(
2"'3(518/$'%O1"8,(=8(%'%42$"8$'53()"(6"'3("(83($4%'/"@8%D(83($4)%b4$@8%(
3("4\5"83(E(83'(6%&'34"X%'(43('34()%'2&$/3'(3(2"&"2/%&$c")3'(5G'(H1%(
"(/&"A0'()%(83(638$53&F3D(83(A"&$"@8%D(83()$'6%&'3,(?%(/&"/"()%(14"($)%4/$[
)")(E('%O1"8$)")(A%&'G/$8(E(2"5"8%\4$2"D('$4(H1%(%O$'/"(4$4Cu4(/$63()%(
X1$2$3()%(A"83&,(='"(/%4)%42$"(H1%("614/"(#"2$"(8"(d1$)%c()%(C04%&3('%(
'1'/%4/"(/"5@$04(%4(14(#%)34$'53(%O"2%&@")3D(%4(%8("1/3C32%(4"&2$'$'/"D(
%4(/024$2"'(2353(%8(/&"56"4/3X3(E(%8()$'F&"c(E(%4(14"(234'/&122$\4(
6&%v")"()%('%4/$)3'D()%4'"(2342%6/1"85%4/%D(&$C1&3'"()%')%(14(614/3(
)%(A$'/"(F3&5"8,(*3'(G4C%8%'(23618"4(234(51&2$08"C3'D(6%&'34"'D()$"[
@83'D(51v%2"'D(#")"'(3(%8(E3(F%5%4$43()%(14"(%O/&"v"(4"&&")3&"(%4(14(
&0C$5%4('%O1"8(3&C$G'/$23(E("5@$C13(H1%(5%c28"(%)")%'D(4"/1&"8%c"'(
E(C04%&3'()$'6"&%'(%4(83(H1%(234'/$/1E%D(b4"85%4/%D(2"'$(14(/&"/")3("4[
/&3638\C$23(3(#$'/\&$23()%')%(8"(#%/%&3)3O$"(E(8"("4)&3C$4$"D($4'6$&")3(
%4(83'(@%'/$"&$3'(5%)$%A"8%',(a%"53'(14(F&"C5%4/3(2"&"2/%&7'/$23()%(
'1(m@%'/$"8$'53pB

Ik(
*"(8%A%(6&3/%'/"(3()%'5"&H1%()%(234A%42$34"8$'53'('32$"8%'(E(6387/$23'(%'(234'/"4/%(E(
0'/3'('1F&%4("8/%&"2$34%'(H1%(83'(%4&"&%2%4B(A1%83'(E(5%&$%4)"'()%(28"A%8%'D(8"(a$&C%4D(
#"&/"()%('1(2"'/$)")D(14()$"@83(F%5%4$43D(5"'/1&@"2$34%'(3()%'A$&C"5$%4/3'(234(#$C3'(
3(@&$883'(4"/1&"8$c"4(83(m"43&5"8p(3(m%O/&"3&)$4"&$3p,
IR(
m=8(23$/3D(21"4)3(321&&%D('1%8%('%&("1/3C32%(E("1/3F%214)"2$\4D(2"'")"(234'$C3(5$'5",(
*"'("2/$A$)")%'(23568%5%4/"&$"'()%8(#%&5"F&3)$/"(/&"4'$/"4(83'(6&3435@&%'B(%88"'(63&(
%X%5683,(q(%'("'7(H1%("82"4c"4(8"(2185$4"2$\4()%8(C3c"&B(%4(%8("53&D("('38"'D(&%/3&2%&'%(
#"'/"(53&$&p,(L(=2#"A"&&%4B(kJJ`D(IjM,

!"#$#%&'()*+,,'''7-2 -./0./..'''..1.2
 kRj

9"'\(14(@1%ED(83(5$&\,(<G'(@$%4D('%(5$&"&34,(S%')%(512#3(/$%563(
234327"("(%'%(@1%ED(E('$%56&%(83(#"@7"(A$'/3('$4('%O3D(E("&&"'/&"4)3(14(
A%#72183()$5$41/3D(H1%(/%47"("/")3D(E(88%A"@"(63&(%8('1%83D(14"(%'6%2$%(
)%(2"X342$/3(~(.#(?%(8%(6&%'%4/\("#3&"D(%8()7"()%(8"('%v3&"(6%H1%v"(
.6"8$4"D(%2#")"(%4(8"('%8A",(=88"(83((5$&"@"(234(8"'(6%'/"v"'("@$%&/"'D(08(
8"(@%'\D(8%(6%C\("8(A%&8%(%8(A$'3("5"&$883D(F"53'3D(83'(/"/1"X%'(F83&$)3'D(
$4F"5%',(*1%C3D(8%(#$42\D(81%C3(8"("8c\D(8"(5$&\D(/1A3(6%4"D(A%47"()%(
"H1%88"(432#%()%(C"/3'D(H1%&$)",(<"'(%88"('34&$%4)3()%(C386%D(8%()$X3B(
9\4C"5%D('%v3&D(%4(%8('1%83D(E(#"CG53'83()%(41%A3h()%@3($&5%(LIUUUD(IlVM,

>'7('%('%v"8"D(234(#153&($234328"'/"D(8"(4%2%'$)")()%(14"(&%%8"@3&"[
2$\4()%(2\)$C3'(218/1&"8%'(E(%'/%&%3/$63'('32$"8%'(E(H1%(43(%O$'/%(14"(
F3&5"(147A32"()%(%4/%4)%&(%8(%&3/$'53,(S%(%'/"(F3&5"D(%8(/&"4'F3&5$'53D(
8"(/%"/&"8$)")(E(8"("@'381/"()%'/&122$\4()%($)%"'(6&%2342%@$)"'(t5"[
/%&4$)")(E(&%8$C$\4(2353(5%2"4$'53'()%(234/&38t()%')%(%8(%O2%'3(E(8"(
6"&3)$"('%()"4(2$/"(%4(<"&3'",(S%')%(%'/%(614/3()%(A$'/"D('1(%'2&$/1&"('%(
A$4218"(/"5@$04(234(8"(6"&3)$"(Lr1/2#%34MD(61%'(83(m/&"4'p(3(R"++,''%(
&%8"2$34"(234(%8(/&"A%'/$'53D(%8()$'F&"cD(%8('$518"2&3D(8"(/&"4'F3&5"2$\4D(
%8(%O2%'3D(8"(/%"/&"8$)")(E(%8(81)$'53,(?1'(/%O/3'(1/$8$c"4(8"(6"&")3X"(E(8"(
5%/"53&F3'$'(%4(81C"&()%(8"(2&$'/"8$c"2$\4()%(8"'($)%4/$)")%'D(%8(%'6"2$3(
)%(8"(%&&"42$"("4/%'(H1%(%8(2$&21$/3(6&3C&"5")3()%(83'(1'1"&$3'(E(%8(63)%&(
234'/$/1E%4/%(2353(%5"42$6"2$\4()%(8"'(F3&5"'()%(63)%&($4'/$/1$)3,

?%(6&3)12%D(%4/342%'D(14(21%'/$34"5$%4/3($)%38\C$23()%(28"'$b2"2$34%'(
234'/&%v$)3&"'( )%8( '1X%/3D( 14"( "@38$2$\4( )%( 5%2"4$'53'( )%( 234/&38(
)%( $)%4/$)")( 63&( 5%)$3( )%( %O6%&$%42$"'D( &%A%8"2$34%'( E( F%4\5%43'(
)$'$)%4/%',(?%(/&"/"D(2353(")%8"4/"@"D()%(14"(%'2&$/1&"(H1%(68"'5"(%8(
%'67&$/1()%'%"4/%(E(F1%&"()%8(234/&38()%(8"("1/3&$)")(H1%($4'6$&"&"(H('
:$*)'H%)1&()%(S%8%1c%(E(w1"//"&$IV(,

=4()%b4$/$A"D(#%53'(A$'/3(2\53(8"(3@&"()%(<"&3'"('1634%(14"(8$[
@$)$4$c"2$\4()%8(E3(234/&"(F3&5"'($4'/$/1$)"'()%(A%&(8"'($)%4/$)")%'D(
2353(%'(6&36$3()%(8"(234)$2$\4(63'/53)%&4"(H1%(21%'/$34"(83'(875$/%'(
%6$'/%538\C$23'(E()"(A3c("8('1X%/3(F1%&"(E"()%8(234/&38(%'/"/"8,(*"(%'2&$[
/1&"()%(<"&3'"()$(w$3&C$3D(%O/&"v"D(A3816/13'"(%($4H1$%/"4/%D('$%56&%(
"8(@3&)%()%(83('$4$%'/&3D(83C&"(2&%"&(14"(235"&2"("8/%&4"/$A"()34)%(83(
'3@&%4"/1&"8(234A$A%(234(83('161%'/"5%4/%(&%"8D("(/&"A0'()%(8"("1)"2$"(
)%('1(8%4C1"X%(E(8"(3&$C$4"8$)")()%('1'(bC1&"2$34%',(=8(5$'/%&$3()%(14(

IV(
m*"($)%"(2%4/&"8()%(H(':$*)'H%)1&(%'(H1%(=8(6"'%3()%8(%'H1$c3F&04$23(%'(14(53)%83(5%X3&(
H1%(%8(4%1&\/$23("23'/")3(%4(%8()$AG4D(14"("F$&5"2$\4(H1%('1@8$5$c"("8($4)$A$)13(%4(
/"4/3(5GH1$4"()%'%"4/%("(%O6%4'"'()%(/3)3(234/&38(3('$'/%5"()%(21"8H1$%&("1/3&$)")D(
6&$42$6"85%4/%(8"(%'234)$)"(%4(8"(%'/&12/1&"()%8(8%4C1"X%p(L>)u&$c(kjM,

!"#$#%&'()*+,,'''7-4 -./0./..'''..1.2
 kR_

%&3/$'53(41%A3D("6%4"'($4/1$)3D('$C1%("@$%&/3(%4(2")"(6GC$4"D()34)%('%(
'$/u"(8"(F&34/%&"(234(83(6&3#$@$)3(E(3218/3,

!"#$#%&'()*+,,'''7-5 -./0./..'''..1.2
 kRU

Q#<;#:X&-NV-

>S-+sD(Q%'u'D([+,(&$9<+,D(T1%43'(>$&%'B(=4'"E3'()%8(S32D(kJJ`,
T>-]r=?D(-38"4)D(H('1(#;+,'%+('*+A*&(~IUjRD(<")&$)B(?$C83(yy+D(IUjV,
T*+y=^D(!"&$4"D(HA*,#K&-'4'+A*,#$N+,&-7'[#$&,#C#'%+'(#'W#$*#-D#'","9"#4#'
#;*"#(D(%),(E(6&\83C3D(<34/%A$)%3B(>&2"D(IUUI,
T;]*=-D(Q1)$/#D(>+$%+,'V,&".(+7'O+C)$)-C'#$%'*<+'\".0+,-)]$'&W'U%+$*)*4D(
^%Z(q3&B(-31/8%)C%D(IUUJ,
!>9;--.D(-"H1%8D(3#'C#9)#'%+'B#,&-#'%)'>)&,9)&D(<34/%A$)%3B(*"6c1'D(
kJJ`,
!+y.;?D(r08e4%D(3#',)-#'%+'(#'C+%"-#7'H$-#4&-'-&.,+'(#'+-;,)*",#D(T"&[
2%834"B(>4/#&363'D(IUU`,
S>-i.D(-1@04D(3&-',#,&-(~I_UlD(s"&"C3c"B(*$@&3'()%8(+4435@&"@8%D(T$@[
8$3/%2"(w386%()%(S")3'D(IUU_,
S=*=;s=D(w$88%'(E(W08$O(w;>]]>-+D(:$*)+%)1&D(T"&2%834"B(T"&&"8D(IUjR,
S+(w+.-w+.D(<"&3'"D(!(#0+('4'*+$+.,#,)&D(<34/%A$)%3B(>&2"D(IUjU,
[[[[[[[[[[[[[(3&-'1#1+(+-'-#(0#N+-(U(~IUjI(<34/%A$)%3B(>&2"D(IUjU,
[[[[[[[[[[[[[(B+-#'%+'+-C+,#(%#D(<34/%A$)%3B(>&2"D(IU_`,
[[[[[[[[[[[[[(3&-'1#1+(+-'-#(0#N+-'UU(~IU_U(<34/%A$)%3B(>&2"D(IUUI,
[[[[[[[[[[[[[(B)-#(+-7'G+(#*&-'+,]*);&-D(<34/%A$)%3B(!"8(E(!"4/3D(IUUR,
[[[[[[[[[[[[[(!#C)$&'%+'(#-'1+%,+,D#-7'G+(#*&-'+,]*);&-D(<34/%A$)%3B(98"4%/"D(IUUj,
[[[[[[[[[[[[[(G+)$#':C+()#/(T1%43'(>$&%'B(>)&$"4"(r$)"8C3D(IUUU,
[[[[[[[[[[[[[(3&-'1#1+(+-'-#(0#N+-D(k(/353'D(T1%43'(>$&%'B(>)&$"4"(r$)"8C3D(kJJJ,'
[[[[[[[[[[[[[(G&-#'CD-*);#7'G+(#*&-'+,]*);&-D(T1%43'(>$&%'B(+4/%&c34"D(kJJR,
[[[[[[[[[[[[[(3#'W(&,'%+'3)-D("2356"v")3()%8(!S(mS$")%5"pD(T1%43'(>$&%'B(
=8(21%423()%(68"/"D(kJJV,
=!r>a>--=^D( [+,W&,C#$;+/' 9J$+,&' 4' *,#$-9J$+,&D( T1%43'( >$&%'B( =1[
)%@"D(kJJJ,
[[[[[[[[[[[[[(B#,&-#'%)'>)&,9)&o'%+0+$),')$*+$-&D(<34/%A$)%3B(*"6c1'D(kJJ`,
=!r>a>--=^D( -3@%&/3D( Q3'0( .s=-( E( Q"23@3( ?=W><iD( '%8%22$\4( E(
43/"'D( B+%"-#,)&7' B"+-*,#' %+' 1&+-D#' (#*)$&#C+,);#$#D( <0O$23B( W34)3( )%(
!18/1&"(=234\5$2"D(IUUl,

!"#$#%&'()*+,,'''7-6 -./0./..'''..1.2
 kVJ

w>*=<+-=D(Q18$"D(%4/&%A$'/"("(<"&3'"()$(w$3&C$3(%4(#//6BNNZZZ,1&1C1"E,
235N&%A$'/")$C$/"88"34)"D(4u5%&3(VV(5"E3(kJJl,(~kJ[JR[J_
w>-=]D(*%34"&)3D(H('C)(#9,&')$;+-#$*+7'2)%#'4'&.,#'%+'B#,&-#'%)'>)&,9)&D(
<34/%A$)%3B(>8)%@"&G4D(kJJl,(
r;]!r=.^D( *$4)"D( :' V<+&,4' &W' [#,&%4o' V<+' V+#;<)$9-' &W' Vv+$*)+*<d
!+$*",4':,*'O&,C-D(^%Z(q3&B(<%/#1%4D(IU_`,
-+?D(=&4'/(E(.//3(;-sD(3#'(+4+$%#'%+('#,*)-*#'~IUjUD(<")&$)B(!G/%)&"D(
IUU`,
^=w-.^+D(<"&7"D(3#'C#(%#%'%+'+-;,).),D(]"&&"C34"B(+C$/1&D(kJJR,
9=-*.^wr=-D(^0'/3&D([#1+(+-')$-"C)-&-D(T1%43'(>$&%'B(?"4/$"C3(>&23'D(
kJJV,
-><>D(x4C%8D(:R"D7'!)+$'#K&-'%+',#,&-D(<34/%A$)%3B(>&2"D(IUll,
[[[[[[[[[[[[[(3#'9+$+,#;)]$';,D*);#'`hnMndhnwnT/(<34/%A$)%3B(>&2"D(IUjk,
-+!rD( >)&$%44%D( m!35618'3&E( r%/%&3'%O1"8$/E( "4)( *%'@$"4( =O$'/%42%p(
~IU_JD(@(&&%/'@,+#%'#$%'[&+*,4D(^%Z(q3&B(^3&/34(9"6%&@"2D(IUUV,

!"#$#%&'()*+,,'''730 -./0./..'''..1.2