Instruction Book

GA 11+, GA 15+, GA 18+, GA 22+, GA 30

Copyright Notice

Any unauthorized use or copying of the contents or any part thereof is

prohibited.

This applies in particular to trademarks, model denominations, part numbers

and drawings.

Date Printed .................... 10/04/2006

Atlas Copco
www.atlascopco.com
6CDNGQHEQPVGPVU

 5CHGV[RTGECWVKQPU  

 5#('6;+%105  

 5#('6;24'%#76+105&74+0)+056#..#6+10  

 5#('6;24'%#76+105&74+0)12'4#6+10  

 5#('6;24'%#76+105&74+0)/#+06'0#0%'144'2#+4 

 )GPGTCNFGUETKRVKQP  

 +0641&7%6+10 

 #+4(.19 

 1+.5;56'/ 

 %11.+0)5;56'/ 

 %10&'05#6'5;56'/ 

 4')7.#6+0)5;56'/ 

 '.'%64+%#.5;56'/ 

 '.'%64+%#.&+#)4#/5 

 +(&#+4&4;'4 

 'NGMVTQPKMQP++TGIWNCVQT  

 '.'-6410+-10s++4')7.#614 

 %10641.2#0'. 

 (70%6+10-';5 

 5%41..-';5 

 '/'4)'0%;5612$76610 

 %10641.241)4#/5 

 /#+05%4''0/'07 

 %#..+0)72/'075 

 56#675&#6#/'07

 /'#574'&&#6#/'07 

 %1706'45/'07 


 6'56/'07  

 /1&+(;2#4#/'6'45/'07  

 /1&+(;+0)2#4#/'6'45  

 /1&+(;+0)2416'%6+105'66+0)5  

 /1&+(;+0)5'48+%'2.#05  

 241)4#//+0)%.1%-(70%6+10  

 /1&+(;+0)%10(+)74#6+105'66+0)5 

 241)4#//+0)%1/24'5514%10641./1&'5  

 5'48+%'/'07  

 5#8'&&#6#/'07  

 241)4#//#$.'5'66+0)5  

 15&QKNEQPFGPUCVGUGRCTCVQT 

 15&70+6  

 +056#..#6+10  

 12'4#6+0)#0&/#+06'0#0%'+05647%6+105  

 2+%61)4#2*5  

 'PGTI[TGEQXGT[ 

 '0'4);4'%18'4;70+6  

 '0'4);4'%18'4;5;56'/5  

 12'4#6+10  

 6*'4/156#6+%$;2#558#.8'5  

 /#+06'0#0%'  

 '0'4);4'%18'4;&#6#  

 +PUVCNNCVKQP

 &+/'05+10&4#9+0)5  

 +056#..#6+10241215#.  

 '.'%64+%#.%100'%6+105  

 %11.+0)9#6'44'37+4'/'065  


 2+%61)4#2*5 

 1RGTCVKPIKPUVTWEVKQPU  

 $'(14'+0+6+#.56#4672 

 +0+6+#.56#4672 

 $'(14'56#46+0) 

 56#46+0) 

 &74+0)12'4#6+10 

 %*'%-+0)6*'&+52.#; 

 56122+0) 

 6#-+0)1761(12'4#6+10 

 /CKPVGPCPEG  

 &4+8'/1614 

 24'8'06+8'/#+06'0#0%'5%*'&7.'

 1+.52'%+(+%#6+105 

 1+.#0&1+.(+.6'4%*#0)' 

 5614#)'#(6'4+056#..#6+10 

 5'48+%'-+65 

 #FLWUVOGPVUCPFUGTXKEKPIRTQEGFWTGU  

 #+4(+.6'4 

 %11.'45 

 5#('6;8#.8'5 

 2TQDNGOUQNXKPI  

 241$.'/51.8+0) 

 6GEJPKECNFCVC  

 4'#&+0)510&+52.#; 

 '.'%64+%%#$.'5+<' 


 5'66+0)51((#0/1614%+4%7+6$4'#-'4  

 5'66+0)5(1418'4.1#&4'.#;#0&(75'5  

 &4;'459+6%*'5
+(& 

 4'('4'0%'%10&+6+105#0&.+/+6#6+105  

 %1/24'5514&#6#  

 +PUVTWEVKQPUHQTWUGQHCKTTGEGKXGT  

 +05647%6+105(1475'  

 2'&  

 24'5574''37+2/'06&+4'%6+8'5  


 +PUVTWEVKQPOCPWCN

 5CHGV[RTGECWVKQPU

 5CHGV[KEQPU

'ZRNCPCVKQP

&CPIGTHQTNKHG

9CTPKPI

+ORQTVCPVPQVG

 5CHGV[RTGECWVKQPUFWTKPIKPUVCNNCVKQP

#NNTGURQPUKDKNKV[HQTCP[FCOCIGQTKPLWT[TGUWNVKPIHTQOPGINGEVKPIVJGUG
RTGECWVKQPUQTPQPQDUGTXCPEGQHVJGPQTOCNECWVKQPCPFECTGTGSWKTGFHQT
KPUVCNNCVKQPQRGTCVKQPOCKPVGPCPEGCPFTGRCKTGXGPKHPQVGZRTGUUN[
UVCVGFYKNNDGFKUENCKOGFD[VJGOCPWHCEVWTGT

)GPGTCNRTGECWVKQPU
 6JGQRGTCVQTOWUVGORNQ[UCHGYQTMKPIRTCEVKEGUCPFQDUGTXGCNNTGNCVGFNQECNYQTMUCHGV[
TGSWKTGOGPVUCPFTGIWNCVKQPU
 +HCP[QHVJGHQNNQYKPIUVCVGOGPVUFQGUPQVEQORN[YKVJNQECNNGIKUNCVKQPVJGUVTKEVGTQHVJGVYQ
UJCNNCRRN[
 +PUVCNNCVKQPQRGTCVKQPOCKPVGPCPEGCPFTGRCKTYQTMOWUVQPN[DGRGTHQTOGFD[CWVJQTKUGFVTCKPGF
URGEKCNKUGFRGTUQPPGN
 6JGEQORTGUUQTKUPQVEQPUKFGTGFECRCDNGQHRTQFWEKPICKTQHDTGCVJKPISWCNKV[(QTCKTQHDTGCVJKPI
SWCNKV[VJGEQORTGUUGFCKTOWUVDGCFGSWCVGN[RWTKHKGFCEEQTFKPIVQNQECNNGIKUNCVKQPCPF
UVCPFCTFU
 $GHQTGCP[OCKPVGPCPEGTGRCKTYQTMCFLWUVOGPVQTCP[QVJGTPQPTQWVKPGEJGEMUUVQRVJG
EQORTGUUQTRTGUUVJGGOGTIGPE[UVQRDWVVQPUYKVEJQHHVJGXQNVCIGCPFFGRTGUUWTKUGVJG
EQORTGUUQT+PCFFKVKQPVJGRQYGTKUQNCVKPIUYKVEJOWUVDGQRGPGFCPFNQEMGF
 0GXGTRNC[YKVJEQORTGUUGFCKT&QPQVCRRN[VJGCKTVQ[QWTUMKPQTFKTGEVCPCKTUVTGCOCVRGQRNG
0GXGTWUGVJGCKTVQENGCPFKTVHTQO[QWTENQVJGU9JGPWUKPIVJGCKTVQENGCPGSWKROGPVFQUQYKVJ
GZVTGOGECWVKQPCPFYGCTG[GRTQVGEVKQP


+PUVTWEVKQPOCPWCN

2TGECWVKQPUFWTKPIKPUVCNNCVKQP
 6JGOCEJKPGOWUVQPN[DGNKHVGFWUKPIUWKVCDNGGSWKROGPVKPCEEQTFCPEGYKVJNQECNUCHGV[
TGIWNCVKQPU.QQUGQTRKXQVKPIRCTVUOWUVDGUGEWTGN[HCUVGPGFDGHQTGNKHVKPI+VKUUVTKEVN[HQTDKFFGP
VQFYGNNQTUVC[KPVJGTKUM\QPGWPFGTCNKHVGFNQCF.KHVKPICEEGNGTCVKQPCPFFGEGNGTCVKQPOWUVDG
MGRVYKVJKPUCHGNKOKVU9GCTCUCHGV[JGNOGVYJGPYQTMKPIKPVJGCTGCQHQXGTJGCFQTNKHVKPI
GSWKROGPV
 2NCEGVJGOCEJKPGYJGTGVJGCODKGPVCKTKUCUEQQNCPFENGCPCURQUUKDNG+HPGEGUUCT[KPUVCNNC
UWEVKQPFWEV0GXGTQDUVTWEVVJGCKTKPNGV%CTGOWUVDGVCMGPVQOKPKOKUGVJGGPVT[QHOQKUVWTGCV
VJGKPNGVCKT
 #P[DNCPMKPIHNCPIGURNWIUECRUCPFFGUKEECPVDCIUOWUVDGTGOQXGFDGHQTGEQPPGEVKPIVJG
RKRGU
 #KTJQUGUOWUVDGQHEQTTGEVUK\GCPFUWKVCDNGHQTVJGYQTMKPIRTGUUWTG0GXGTWUGHTC[GFFCOCIGF
QTYQTPJQUGU&KUVTKDWVKQPRKRGUCPFEQPPGEVKQPUOWUVDGQHVJGEQTTGEVUK\GCPFUWKVCDNGHQTVJG
YQTMKPIRTGUUWTG
 6JGCURKTCVGFCKTOWUVDGHTGGQHHNCOOCDNGHWOGUXCRQWTUCPFRCTVKENGUGIRCKPVUQNXGPVUVJCV
ECPNGCFVQKPVGTPCNHKTGQTGZRNQUKQP
 #TTCPIGVJGCKTKPVCMGUQVJCVNQQUGENQVJKPIYQTPD[RGQRNGECPPQVDGUWEMGFKP
 'PUWTGVJCVVJGFKUEJCTIGRKRGHTQOVJGEQORTGUUQTVQVJGCHVGTEQQNGTQTCKTPGVKUHTGGVQGZRCPF
WPFGTJGCVCPFVJCVKVKUPQVKPEQPVCEVYKVJQTENQUGVQHNCOOCDNGOCVGTKCNU
 0QGZVGTPCNHQTEGOC[DGGZGTVGFQPVJGCKTQWVNGVXCNXGVJGEQPPGEVGFRKRGOWUVDGHTGGQHUVTCKP
 +HTGOQVGEQPVTQNKUKPUVCNNGFVJGOCEJKPGOWUVDGCTCENGCTUKIPUVCVKPI&#0)'46JKUOCEJKPGKU
TGOQVGN[EQPVTQNNGFCPFOC[UVCTVYKVJQWVYCTPKPI
6JGQRGTCVQTJCUVQOCMGUWTGVJCVVJGOCEJKPGKUUVQRRGFCPFVJCVVJGKUQNCVKPIUYKVEJKUQRGP
CPFNQEMGFDGHQTGCP[OCKPVGPCPEGQTTGRCKT#UCHWTVJGTUCHGIWCTFRGTUQPUUYKVEJKPIQP
TGOQVGN[EQPVTQNNGFOCEJKPGUUJCNNVCMGCFGSWCVGRTGECWVKQPUVQGPUWTGVJCVVJGTGKUPQQPG
EJGEMKPIQTYQTMKPIQPVJGOCEJKPG6QVJKUGPFCUWKVCDNGPQVKEGUJCNNDGCHHKZGFVQVJGUVCTV
GSWKROGPV
 #KTEQQNGFOCEJKPGUOWUVDGKPUVCNNGFKPUWEJCYC[VJCVCPCFGSWCVGHNQYQHEQQNKPICKTKU
CXCKNCDNGCPFVJCVVJGGZJCWUVGFCKTFQGUPQVTGEKTEWNCVGVQVJGEQORTGUUQTCKTKPNGVQTEQQNKPICKT
KPNGV
 6JGGNGEVTKECNEQPPGEVKQPUOWUVEQTTGURQPFVQVJGNQECNEQFGU6JGOCEJKPGUOWUVDGGCTVJGFCPF
RTQVGEVGFCICKPUVUJQTVEKTEWKVUD[HWUGUKPCNNRJCUGU#NQEMCDNGRQYGTKUQNCVKPIUYKVEJOWUVDG
KPUVCNNGFPGCTVJGEQORTGUUQT
 1POCEJKPGUYKVJCWVQOCVKEUVCTVUVQRU[UVGOQTKHVJGCWVQOCVKETGUVCTVHWPEVKQPCHVGTXQNVCIG
HCKNWTGKUCEVKXCVGFCUKIPUVCVKPI6JKUOCEJKPGOC[UVCTVYKVJQWVYCTPKPIOWUVDGCHHKZGFPGCT
VJGKPUVTWOGPVRCPGN
 +POWNVKRNGEQORTGUUQTU[UVGOUOCPWCNXCNXGUOWUVDGKPUVCNNGFVQKUQNCVGGCEJEQORTGUUQT0QP
TGVWTPXCNXGU
EJGEMXCNXGUOWUVPQVDGTGNKGFWRQPHQTKUQNCVKPIRTGUUWTGU[UVGOU
 0GXGTTGOQXGQTVCORGTYKVJVJGUCHGV[FGXKEGUIWCTFUQTKPUWNCVKQPHKVVGFQPVJGOCEJKPG'XGT[
RTGUUWTGXGUUGNQTCWZKNKCT[KPUVCNNGFQWVUKFGVJGOCEJKPGVQEQPVCKPCKTCDQXGCVOQURJGTKERTGUUWTG
OWUVDGRTQVGEVGFD[CRTGUUWTGTGNKGXKPIFGXKEGQTFGXKEGUCUTGSWKTGF
 2KRGYQTMQTQVJGTRCTVUYKVJCVGORGTCVWTGKPGZEGUUQHu%
u(CPFYJKEJOC[DG
CEEKFGPVCNN[VQWEJGFD[RGTUQPPGNKPPQTOCNQRGTCVKQPOWUVDGIWCTFGFQTKPUWNCVGF1VJGTJKIJ
VGORGTCVWTGRKRGYQTMOWUVDGENGCTN[OCTMGF
 (QTYCVGTEQQNGFOCEJKPGUVJGEQQNKPIYCVGTU[UVGOKPUVCNNGFQWVUKFGVJGOCEJKPGJCUVQDG
RTQVGEVGFD[CUCHGV[FGXKEGYKVJUGVRTGUUWTGCEEQTFKPIVQVJGOCZKOWOEQQNKPIYCVGTKPNGV
RTGUUWTG


 +PUVTWEVKQPOCPWCN

 +HVJGITQWPFKUPQVNGXGNQTECPDGUWDLGEVVQXCTKCDNGKPENKPCVKQPEQPUWNVVJGOCPWHCEVWTGT

#NUQEQPUWNVHQNNQYKPIUCHGV[RTGECWVKQPU5CHGV[RTGECWVKQPUFWTKPIQRGTCVKQPCPF
5CHGV[RTGECWVKQPUFWTKPIOCKPVGPCPEG
6JGUGRTGECWVKQPUCRRN[VQOCEJKPGT[RTQEGUUKPIQTEQPUWOKPICKTQTKPGTVICU
2TQEGUUKPIQHCP[QVJGTICUTGSWKTGUCFFKVKQPCNUCHGV[RTGECWVKQPUV[RKECNVQVJG
CRRNKECVKQPYJKEJCTGPQVKPENWFGFJGTGKP
5QOGRTGECWVKQPUCTGIGPGTCNCPFEQXGTUGXGTCNOCEJKPGV[RGUCPFGSWKROGPVJGPEG
UQOGUVCVGOGPVUOC[PQVCRRN[VQ[QWTOCEJKPG

 5CHGV[RTGECWVKQPUFWTKPIQRGTCVKQP

#NNTGURQPUKDKNKV[HQTCP[FCOCIGQTKPLWT[TGUWNVKPIHTQOPGINGEVKPIVJGUG
RTGECWVKQPUQTPQPQDUGTXCPEGQHVJGPQTOCNECWVKQPCPFECTGTGSWKTGFHQT
KPUVCNNCVKQPQRGTCVKQPOCKPVGPCPEGCPFTGRCKTGXGPKHPQVGZRTGUUN[
UVCVGFYKNNDGFKUENCKOGFD[VJGOCPWHCEVWTGT

)GPGTCNRTGECWVKQPU
 6JGQRGTCVQTOWUVGORNQ[UCHGYQTMKPIRTCEVKEGUCPFQDUGTXGCNNTGNCVGFNQECNYQTMUCHGV[
TGSWKTGOGPVUCPFTGIWNCVKQPU
 +HCP[QHVJGHQNNQYKPIUVCVGOGPVUFQGUPQVEQORN[YKVJNQECNNGIKUNCVKQPVJGUVTKEVGTQHVJGVYQ
UJCNNCRRN[
 +PUVCNNCVKQPQRGTCVKQPOCKPVGPCPEGCPFTGRCKTYQTMOWUVQPN[DGRGTHQTOGFD[CWVJQTKUGFVTCKPGF
URGEKCNKUGFRGTUQPPGN
 6JGEQORTGUUQTKUPQVEQPUKFGTGFECRCDNGQHRTQFWEKPICKTQHDTGCVJKPISWCNKV[(QTCKTQHDTGCVJKPI
SWCNKV[VJGEQORTGUUGFCKTOWUVDGCFGSWCVGN[RWTKHKGFCEEQTFKPIVQNQECNNGIKUNCVKQPCPF
UVCPFCTFU
 $GHQTGCP[OCKPVGPCPEGTGRCKTYQTMCFLWUVOGPVQTCP[QVJGTPQPTQWVKPGEJGEMUUVQRVJG
EQORTGUUQTRTGUUVJGGOGTIGPE[UVQRDWVVQPUYKVEJQHHVJGXQNVCIGCPFFGRTGUUWTKUGVJG
EQORTGUUQT+PCFFKVKQPVJGRQYGTKUQNCVKPIUYKVEJOWUVDGQRGPGFCPFNQEMGF
 0GXGTRNC[YKVJEQORTGUUGFCKT&QPQVCRRN[VJGCKTVQ[QWTUMKPQTFKTGEVCPCKTUVTGCOCVRGQRNG
0GXGTWUGVJGCKTVQENGCPFKTVHTQO[QWTENQVJGU9JGPWUKPIVJGCKTVQENGCPGSWKROGPVFQUQYKVJ
GZVTGOGECWVKQPCPFYGCTG[GRTQVGEVKQP

2TGECWVKQPUFWTKPIQRGTCVKQP
 7UGQPN[VJGEQTTGEVV[RGCPFUK\GQHJQUGGPFHKVVKPIUCPFEQPPGEVKQPU9JGPDNQYKPIVJTQWIJC
JQUGQTCKTNKPGGPUWTGVJCVVJGQRGPGPFKUJGNFUGEWTGN[#HTGGGPFYKNNYJKRCPFOC[ECWUG
KPLWT[/CMGUWTGVJCVCJQUGKUHWNN[FGRTGUUWTK\GFDGHQTGFKUEQPPGEVKPIKV
 2GTUQPUUYKVEJKPIQPTGOQVGN[EQPVTQNNGFOCEJKPGUUJCNNVCMGCFGSWCVGRTGECWVKQPUVQGPUWTGVJCV
VJGTGKUPQQPGEJGEMKPIQTYQTMKPIQPVJGOCEJKPG6QVJKUGPFCUWKVCDNGPQVKEGUJCNNDGCHHKZGF
VQVJGTGOQVGUVCTVGSWKROGPV
 0GXGTQRGTCVGVJGOCEJKPGYJGPVJGTGKUCRQUUKDKNKV[QHVCMKPIKPHNCOOCDNGQTVQZKEHWOGU
XCRQWTUQTRCTVKENGU


+PUVTWEVKQPOCPWCN

 0GXGTQRGTCVGVJGOCEJKPGDGNQYQTKPGZEGUUQHKVUNKOKVTCVKPIU
 -GGRCNNDQF[YQTMFQQTUUJWVFWTKPIQRGTCVKQP6JGFQQTUOC[DGQRGPGFHQTUJQTVRGTKQFUQPN[
GIVQECTT[QWVTQWVKPGEJGEMU9GCTGCTRTQVGEVQTUYJGPQRGPKPICFQQT
 2GQRNGUVC[KPIKPGPXKTQPOGPVUQTTQQOUYJGTGVJGUQWPFRTGUUWTGNGXGNTGCEJGUQTGZEGGFU
F$
#UJCNNYGCTGCTRTQVGEVQTU
 2GTKQFKECNN[EJGEMVJCV
Ő #NNIWCTFUCTGKPRNCEGCPFUGEWTGN[HCUVGPGF
Ő #NNJQUGUCPFQTRKRGUKPUKFGVJGOCEJKPGCTGKPIQQFEQPFKVKQPUGEWTGCPFPQVTWDDKPI
Ő 6JGTGCTGPQNGCMU
Ő #NNHCUVGPGTUCTGVKIJV
Ő #NNGNGEVTKECNNGCFUCTGUGEWTGCPFKPIQQFQTFGT
Ő 5CHGV[XCNXGUCPFQVJGTRTGUUWTGTGNKGHFGXKEGUCTGPQVQDUVTWEVGFD[FKTVQTRCKPV
Ő #KTQWVNGVXCNXGCPFCKTPGVKGRKRGUEQWRNKPIUOCPKHQNFUXCNXGUJQUGUGVECTGKPIQQF
TGRCKTHTGGQHYGCTQTCDWUG
 +HYCTOEQQNKPICKTHTQOEQORTGUUQTUKUWUGFKPCKTJGCVKPIU[UVGOUGIVQYCTOWRCYQTMTQQO
VCMGRTGECWVKQPUCICKPUVCKTRQNNWVKQPCPFRQUUKDNGEQPVCOKPCVKQPQHVJGDTGCVJKPICKT
 &QPQVTGOQXGCP[QHQTVCORGTYKVJVJGUQWPFFCORKPIOCVGTKCN
 0GXGTTGOQXGQTVCORGTYKVJVJGUCHGV[FGXKEGUIWCTFUQTKPUWNCVKQPUHKVVGFQPVJGOCEJKPG'XGT[
RTGUUWTGXGUUGNQTCWZKNKCT[KPUVCNNGFQWVUKFGVJGOCEJKPGVQEQPVCKPCKTCDQXGCVOQURJGTKERTGUUWTG
UJCNNDGRTQVGEVGFD[CRTGUUWTGTGNKGXKPIFGXKEGQTFGXKEGUCUTGSWKTGF

#NUQEQPUWNVHQNNQYKPIUCHGV[RTGECWVKQPU5CHGV[RTGECWVKQPUFWTKPIKPUVCNNCVKQPCPF
5CHGV[RTGECWVKQPUFWTKPIOCKPVGPCPEG
6JGUGRTGECWVKQPUCRRN[VQOCEJKPGT[RTQEGUUKPIQTEQPUWOKPICKTQTKPGTVICU
2TQEGUUKPIQHCP[QVJGTICUTGSWKTGUCFFKVKQPCNUCHGV[RTGECWVKQPUV[RKECNVQVJG
CRRNKECVKQPYJKEJCTGPQVKPENWFGFJGTGKP
5QOGRTGECWVKQPUCTGIGPGTCNCPFEQXGTUGXGTCNOCEJKPGV[RGUCPFGSWKROGPVJGPEG
UQOGUVCVGOGPVUOC[PQVCRRN[VQ[QWTOCEJKPG

 5CHGV[RTGECWVKQPUFWTKPIOCKPVGPCPEGQTTGRCKT

#NNTGURQPUKDKNKV[HQTCP[FCOCIGQTKPLWT[TGUWNVKPIHTQOPGINGEVKPIVJGUG
RTGECWVKQPUQTPQPQDUGTXCPEGQHVJGPQTOCNECWVKQPCPFECTGTGSWKTGFHQT
KPUVCNNCVKQPQRGTCVKQPOCKPVGPCPEGCPFTGRCKTGXGPKHPQVGZRTGUUN[
UVCVGFYKNNDGFKUENCKOGFD[VJGOCPWHCEVWTGT

)GPGTCNRTGECWVKQPU
 6JGQRGTCVQTOWUVGORNQ[UCHGYQTMKPIRTCEVKEGUCPFQDUGTXGCNNTGNCVGFNQECNYQTMUCHGV[
TGSWKTGOGPVUCPFTGIWNCVKQPU


 +PUVTWEVKQPOCPWCN

 +HCP[QHVJGHQNNQYKPIUVCVGOGPVUFQGUPQVEQORN[YKVJNQECNNGIKUNCVKQPVJGUVTKEVGTQHVJGVYQ
UJCNNCRRN[
 +PUVCNNCVKQPQRGTCVKQPOCKPVGPCPEGCPFTGRCKTYQTMOWUVQPN[DGRGTHQTOGFD[CWVJQTKUGFVTCKPGF
URGEKCNKUGFRGTUQPPGN
 6JGEQORTGUUQTKUPQVEQPUKFGTGFECRCDNGQHRTQFWEKPICKTQHDTGCVJKPISWCNKV[(QTCKTQHDTGCVJKPI
SWCNKV[VJGEQORTGUUGFCKTOWUVDGCFGSWCVGN[RWTKHKGFCEEQTFKPIVQNQECNNGIKUNCVKQPCPF
UVCPFCTFU
 $GHQTGCP[OCKPVGPCPEGTGRCKTYQTMCFLWUVOGPVQTCP[QVJGTPQPTQWVKPGEJGEMUUVQRVJG
EQORTGUUQTRTGUUVJGGOGTIGPE[UVQRDWVVQPUYKVEJQHHVJGXQNVCIGCPFFGRTGUUWTKUGVJG
EQORTGUUQT+PCFFKVKQPVJGRQYGTKUQNCVKPIUYKVEJOWUVDGQRGPGFCPFNQEMGF
 0GXGTRNC[YKVJEQORTGUUGFCKT&QPQVCRRN[VJGCKTVQ[QWTUMKPQTFKTGEVCPCKTUVTGCOCVRGQRNG
0GXGTWUGVJGCKTVQENGCPFKTVHTQO[QWTENQVJGU9JGPWUKPIVJGCKTVQENGCPGSWKROGPVFQUQYKVJ
GZVTGOGECWVKQPCPFYGCTG[GRTQVGEVKQP

2TGECWVKQPUFWTKPIOCKPVGPCPEGQTTGRCKT
 #NYC[UYGCTUCHGV[INCUUGU
 7UGQPN[VJGEQTTGEVVQQNUHQTOCKPVGPCPEGCPFTGRCKTYQTM
 7UGQPN[IGPWKPGURCTGRCTVU
 #NNOCKPVGPCPEGYQTMUJCNNQPN[DGWPFGTVCMGPYJGPVJGOCEJKPGJCUEQQNGFFQYP
 #YCTPKPIUKIPDGCTKPICNGIGPFUWEJCUYQTMKPRTQITGUUFQPQVUVCTVUJCNNDGCVVCEJGFVQVJG
UVCTVKPIGSWKROGPV
 2GTUQPUUYKVEJKPIQPTGOQVGN[EQPVTQNNGFOCEJKPGUUJCNNVCMGCFGSWCVGRTGECWVKQPUVQGPUWTGVJCV
VJGTGKUPQQPGEJGEMKPIQTYQTMKPIQPVJGOCEJKPG6QVJKUGPFCUWKVCDNGPQVKEGUJCNNDGCHHKZGF
VQVJGTGOQVGUVCTVGSWKROGPV
 %NQUGVJGEQORTGUUQTCKTQWVNGVXCNXGDGHQTGEQPPGEVKPIQTFKUEQPPGEVKPICRKRG
 $GHQTGTGOQXKPICP[RTGUUWTK\GFEQORQPGPVGHHGEVKXGN[KUQNCVGVJGOCEJKPGHTQOCNNUQWTEGUQH
RTGUUWTGCPFTGNKGXGVJGGPVKTGU[UVGOQHRTGUUWTG
 0GXGTWUGHNCOOCDNGUQNXGPVUQTECTDQPVGVTCEJNQTKFGHQTENGCPKPIRCTVU6CMGUCHGV[RTGECWVKQPU
CICKPUVVQZKEXCRQWTUQHENGCPKPINKSWKFU
 5ETWRWNQWUN[QDUGTXGENGCPNKPGUUFWTKPIOCKPVGPCPEGCPFTGRCKT-GGRFKTVCYC[D[EQXGTKPIVJG
RCTVUCPFGZRQUGFQRGPKPIUYKVJCENGCPENQVJRCRGTQTVCRG
 0GXGTYGNFQTRGTHQTOCP[QRGTCVKQPKPXQNXKPIJGCVPGCTVJGQKNU[UVGO1KNVCPMUOWUVDG
EQORNGVGN[RWTIGFGID[UVGCOENGCPKPIDGHQTGECTT[KPIQWVUWEJQRGTCVKQPU0GXGTYGNFQPQT
KPCP[YC[OQFKH[RTGUUWTGXGUUGNU
 9JGPGXGTVJGTGKUCPKPFKECVKQPQTCP[UWURKEKQPVJCVCPKPVGTPCNRCTVQHCOCEJKPGKUQXGTJGCVGF
VJGOCEJKPGUJCNNDGUVQRRGFDWVPQKPURGEVKQPEQXGTUUJCNNDGQRGPGFDGHQTGUWHHKEKGPVEQQNKPI
VKOGJCUGNCRUGFVJKUVQCXQKFVJGTKUMQHURQPVCPGQWUKIPKVKQPQHVJGQKNXCRQWTYJGPCKTKU
CFOKVVGF
 0GXGTWUGCNKIJVUQWTEGYKVJQRGPHNCOGHQTKPURGEVKPIVJGKPVGTKQTQHCOCEJKPGRTGUUWTGXGUUGN
GVE
 /CMGUWTGVJCVPQVQQNUNQQUGRCTVUQTTCIUCTGNGHVKPQTQPVJGOCEJKPG
 #NNTGIWNCVKPICPFUCHGV[FGXKEGUUJCNNDGOCKPVCKPGFYKVJFWGECTGVQGPUWTGVJCVVJG[HWPEVKQP
RTQRGTN[6JG[OC[PQVDGRWVQWVQHCEVKQP


+PUVTWEVKQPOCPWCN

 $GHQTGENGCTKPIVJGOCEJKPGHQTWUGCHVGTOCKPVGPCPEGQTQXGTJCWNEJGEMVJCVQRGTCVKPIRTGUUWTGU
VGORGTCVWTGUCPFVKOGUGVVKPIUCTGEQTTGEV%JGEMVJCVCNNEQPVTQNCPFUJWVFQYPFGXKEGUCTGHKVVGF
CPFVJCVVJG[HWPEVKQPEQTTGEVN[+HTGOQXGFEJGEMVJCVVJGEQWRNKPIIWCTFQHVJGEQORTGUUQTFTKXG
UJCHVJCUDGGPTGKPUVCNNGF
 'XGT[VKOGVJGUGRCTCVQTGNGOGPVKUTGPGYGFGZCOKPGVJGFKUEJCTIGRKRGCPFVJGKPUKFGQHVJGQKN
UGRCTCVQTXGUUGNHQTECTDQPFGRQUKVUKHGZEGUUKXGVJGFGRQUKVUUJQWNFDGTGOQXGF
 2TQVGEVVJGOQVQTCKTHKNVGTGNGEVTKECNCPFTGIWNCVKPIEQORQPGPVUGVEVQRTGXGPVOQKUVWTGHTQO
GPVGTKPIVJGOGIYJGPUVGCOENGCPKPI
 /CMGUWTGVJCVCNNUQWPFFCORKPIOCVGTKCNGIQPVJGDQF[YQTMCPFKPVJGCKTKPNGVCPFQWVNGV
U[UVGOUQHVJGEQORTGUUQTKUKPIQQFEQPFKVKQP+HFCOCIGFTGRNCEGKVD[IGPWKPGOCVGTKCNHTQO
VJGOCPWHCEVWTGTVQRTGXGPVVJGUQWPFRTGUUWTGNGXGNHTQOKPETGCUKPI
 0GXGTWUGECWUVKEUQNXGPVUYJKEJECPFCOCIGOCVGTKCNUQHVJGCKTPGVGIRQN[ECTDQPCVGDQYNU
 6JGHQNNQYKPIUCHGV[RTGECWVKQPUCTGUVTGUUGFYJGPJCPFNKPITGHTKIGTCPV
Ő 0GXGTKPJCNGTGHTKIGTCPVXCRQWTU%JGEMVJCVVJGYQTMKPICTGCKUCFGSWCVGN[XGPVKNCVGFKH
TGSWKTGFWUGDTGCVJKPIRTQVGEVKQP
Ő #NYC[UYGCTURGEKCNINQXGU+PECUGQHTGHTKIGTCPVEQPVCEVYKVJVJGUMKPTKPUGVJGUMKPYKVJ
YCVGT+HNKSWKFTGHTKIGTCPVEQPVCEVUVJGUMKPVJTQWIJENQVJKPIPGXGTVGCTQHHQTTGOQXGVJGNCVVGT
HNWUJCDWPFCPVN[YKVJHTGUJYCVGTQXGTVJGENQVJKPIWPVKNCNNTGHTKIGTCPVKUHNWUJGFCYC[VJGP
UGGMOGFKECNHKTUVCKF
 2TQVGEVJCPFUVQCXQKFKPLWT[HTQOJQVOCEJKPGRCTVUGIFWTKPIFTCKPKPIQHQKN

#NUQEQPUWNVHQNNQYKPIUCHGV[RTGECWVKQPU5CHGV[RTGECWVKQPUFWTKPIKPUVCNNCVKQPCPF
5CHGV[RTGECWVKQPUFWTKPIQRGTCVKQP
6JGUGRTGECWVKQPUCRRN[VQOCEJKPGT[RTQEGUUKPIQTEQPUWOKPICKTQTKPGTVICU
2TQEGUUKPIQHCP[QVJGTICUTGSWKTGUCFFKVKQPCNUCHGV[RTGECWVKQPUV[RKECNVQVJG
CRRNKECVKQPYJKEJCTGPQVKPENWFGFJGTGKP
5QOGRTGECWVKQPUCTGIGPGTCNCPFEQXGTUGXGTCNOCEJKPGV[RGUCPFGSWKROGPVJGPEG
UQOGUVCVGOGPVUOC[PQVCRRN[VQ[QWTOCEJKPG


 +PUVTWEVKQPOCPWCN

 )GPGTCNFGUETKRVKQP

 +PVTQFWEVKQP

+PVTQFWEVKQP
)# WRVQ)#CTGUKPINGUVCIGQKNKPLGEVGFUETGYEQORTGUUQTUFTKXGPD[CPGNGEVTKEOQVQT6JG
EQORTGUUQTUCTGCKTEQQNGF

)#9QTMRNCEG
)#9QTMRNCEGCTGGPENQUGFKPUQWPFKPUWNCVGFDQF[YQTM6JGEQORTGUUQTUCTGEQPVTQNNGFD[VJG#VNCU
%QREQ'NGMVTQPKMQPs++TGIWNCVQT6JGGNGEVTQPKEEQPVTQNOQFWNGKUHKVVGFVQVJGFQQTQPVJGHTQPVUKFG#P
GNGEVTKEECDKPGVEQORTKUKPIVJGOQVQTUVCTVGTKUNQECVGFDGJKPFVJKURCPGN#EQPFGPUCVGVTCRYKVJ
CWVQOCVKEFTCKPU[UVGOKURTQXKFGF

(TQPVXKGY)# WRVQ)#9QTMRNCEG


+PUVTWEVKQPOCPWCN

#8 #KTQWVNGVXCNXG
'4 'NGMVTQPKMQP++TGIWNCVQT
5 'OGTIGPE[UVQRDWVVQP

(TQPVXKGY)# WRVQ)#9QTMRNCEG

4GH 0COG
#( #KTHKNVGT
#4 #KTTGEGKXGT
#8 #KTQWVNGVXCNXG
%C #KTEQQNGT
%Q 1KNEQQNGT


 +PUVTWEVKQPOCPWCN

4GH 0COG
'4 'NGMVTQPKMQP++TGIWNCVQT
/ &TKXGOQVQT
1( 1KNHKNVGT
5 'OGTIGPE[UVQRDWVVQP
82 8GPVRNWI

)#9QTMRNCEG(WNN(GCVWTG
)#9QTMRNCEG(WNN(GCVWTG
((CTGEQPVTQNNGFD[VJG#VNCU%QREQ'NGMVTQPKMQPs++TGIWNCVQT6JG[CTG
RTQXKFGFYKVJCPCKTFT[GT6JGEQPFGPUCVGKUCWVQOCVKECNN[FTCKPGF
)# WRVQ)#9QTMRNCEG((CTGRTQXKFGFYKVJCP+(&FT[GT

(TQPVXKGY)# WRVQ)#9QTMRNCEG(WNN(GCVWTG


+PUVTWEVKQPOCPWCN

4GH 0COG
#8 #KTQWVNGVXCNXG
&4 &T[GT
'4 'NGMVTQPKMQP++TGIWNCVQT
5 'OGTIGPE[UVQRDWVVQP

(TQPVXKGY)# WRVQ)#9QTMRNCEG(WNN(GCVWTG

4GH 0COG
#( #KTHKNVGT
#4 #KTTGEGKXGT
#8 #KTQWVNGVXCNXG
%C #KTEQQNGT
%Q 1KNEQQNGT
&4 &T[GT


 +PUVTWEVKQPOCPWCN

4GH 0COG
'4 'NGMVTQPKMQP++TGIWNCVQT
/ &TKXGOQVQT
1( 1KNHKNVGT
5 'OGTIGPE[UVQRDWVVQP
82 8GPVRNWI

 #KTHNQY

(NQYFKCITCOU

)# WRVQ)#9QTMRNCEG


+PUVTWEVKQPOCPWCN

(WNN(GCVWTGEQORTGUUQT

4GHGTGPEGU

4GH &GUETKRVKQP
# #KTKPNGV
$ %QORTGUUGFCKTQKN
% %QORTGUUGFCKT
& 1KN
' &T[CKT

&GUETKRVKQP
#KTFTCYPVJTQWIJHKNVGT
#(CPFQRGPKPNGVXCNXG
+8KPVQEQORTGUUQTGNGOGPV
'KUEQORTGUUGF
%QORTGUUGFCKTCPFQKNHNQYKPVQVJGCKTTGEGKXGTQKNUGRCTCVQT
#46JGCKTKUFKUEJCTIGFVJTQWIJQWVNGV
XCNXG
#8XKCOKPKOWORTGUUWTGXCNXG
8RCPFCKTEQQNGT
%C
1P9QTMRNCEGEQORTGUUQTUVJGCKTHNQYUVJTQWIJEQPFGPUCVGVTCR
/6DGHQTGKVKUFKUEJCTIGFVJTQWIJ
QWVNGVXCNXG
#8
1P9QTMRNCEG(WNN(GCVWTGEQORTGUUQTUVJGCKTHNQYUVJTQWIJCKTFT[GT
&4DGHQTGKVKUFKUEJCTIGF
VJTQWIJQWVNGVXCNXG
#8


 +PUVTWEVKQPOCPWCN

 1KNU[UVGO

(NQYFKCITCO

1KNU[UVGO

4GHGTGPEGU &GUETKRVKQP
 (QT9QTMRNCEGWPKVUEQORTGUUGFCKTHNQYVQVJGEQPFGPUCVGVTCR
(QT(WNN(GCVWTGWPKVUEQORTGUUGFCKTHNQYVQVJGCKTFT[GT
# #KTKPNGV
$ %QORTGUUGFCKTQKN
% %QORTGUUGFCKT
& 1KN

&GUETKRVKQP
+PCKTTGEGKXGT
#4OQUVQHVJGQKNKUTGOQXGFHTQOVJGCKTQKNOKZVWTGEGPVTKHWICNN[6JGTGUVKUTGOQXGF
D[QKNUGRCTCVQT
156JGQKNEQNNGEVUKPVJGNQYGTRCTVQHCKTTGEGKXGTQKNUGRCTCVQT
#4YJKEJUGTXGUCU
QKNVCPM
#KTRTGUUWTGHQTEGUVJGQKNHTQOCKTTGEGKXGT
#4VJTQWIJQKNEQQNGT
%QCPFHKNVGT
1(VQEQORTGUUQT
GNGOGPV
'CPFVJGNWDTKECVKQPRQKPVU
6JGU[UVGOEQORTKUGUCD[RCUUXCNXG
$89JGPVJGQKNKUYCTOVJGXCNXGCNNQYUVJGQKNVQRCUU
VJTQWIJVJGEQQNGT


+PUVTWEVKQPOCPWCN

 %QQNKPIU[UVGO

(NQYFKCITCO

%QQNKPIU[UVGO

4GHGTGPEGU &GUETKRVKQP
# #KTKPNGV
$ %QORTGUUGFCKTQKN
% %QORTGUUGFCKT
& 1KN

&GUETKRVKQP
6JGEQQNKPIU[UVGOEQORTKUGUCKTEQQNGT
%CCPFQKNEQQNGT
%Q
1PCKTEQQNGFEQORTGUUQTUVJGEQQNKPICKTHNQYKUIGPGTCVGFD[HCP
(0


 +PUVTWEVKQPOCPWCN

 %QPFGPUCVGU[UVGO

%QPFGPUCVGFTCKPU

)#9QTMRNCEGCPF9QTMRNCEG(WNN(GCVWTGCTGGSWKRRGFYKVJCEQPFGPUCVGVTCRKPVJGCKTQWVNGVU[UVGO
6JGVTCRKUGSWKRRGFYKVJCXCNXGHQTCWVQOCVKEFTCKPKPIFWTKPIQRGTCVKQP
&CCPFCOCPWCNN[QRGTCVGF
XCNXG
&OHQTFTCKPKPICHVGTUVQRRKPIVJGEQORTGUUQT

 4GIWNCVKPIU[UVGO

(NQYFKCITCO

4GIWNCVKPIU[UVGO

4GHGTGPEGU &GUETKRVKQP
 #KTTGEGKXGT
 6QCKTEQQNGT
 6QHTQOQKNEQQNGT

7PNQCFKPI
+HVJGCKTEQPUWORVKQPKUNGUUVJCPVJGCKTQWVRWVQHVJGEQORTGUUQTVJGPGVRTGUUWTGKPETGCUGU9JGP
VJGPGVRTGUUWTGTGCEJGUVJGWPNQCFKPIRTGUUWTGUQNGPQKFXCNXG
;KUFGGPGTIKUGF6JGRNWPIGTQHVJG
XCNXGTGVWTPUD[URTKPIHQTEG


+PUVTWEVKQPOCPWCN

Ő 6JGEQPVTQNRTGUUWTGRTGUGPVKPVJGEJCODGTUQHNQCFKPIRNWPIGT
.2CPFWPNQCFKPIXCNXG
78KU
XGPVGFVQCVOQURJGTGXKCUQNGPQKFXCNXG
;
Ő .QCFKPIRNWPIGT
.2OQXGUWRYCTFUCPFECWUGUKPNGVXCNXG
+8VQENQUGVJGCKTKPNGVQRGPKPI
Ő 7PNQCFKPIXCNXG
78KUQRGPGFD[TGEGKXGTRTGUUWTG6JGRTGUUWTGHTQOCKTTGEGKXGT
KUTGNGCUGF
VQYCTFUWPNQCFGT
7#
#KTQWVRWVKUUVQRRGF
VJGEQORTGUUQTTWPUWPNQCFGF

.QCFKPI
9JGPVJGPGVRTGUUWTGFGETGCUGUVQVJGNQCFKPIRTGUUWTGUQNGPQKFXCNXG
;KUGPGTIKUGF6JGRNWPIGT
QHUQNGPQKF
;OQXGUWRYCTFUCICKPUVURTKPIHQTEG
Ő %QPVTQNRTGUUWTGKUHGFHTQOCKTTGEGKXGT
XKCUQNGPQKFXCNXG
;VQNQCFKPIRNWPIGT
.2CPF
WPNQCFKPIXCNXG
78
Ő 7PNQCFKPIXCNXG
78ENQUGUVJGCKTDNQYQHHQRGPKPI.QCFKPIRNWPIGT
.2OQXGUFQYPYCTFUCPF
ECWUGUKPNGVXCNXG
+8VQQRGPHWNN[
#KTFGNKXGT[KUTGUWOGF
VJGEQORTGUUQTTWPUNQCFGF

 'NGEVTKECNU[UVGO

)GPGTCN
#NUQEQPUWNVUGEVKQPU'NGEVTKECNFKCITCOUCPF'NGEVTKECNEQPPGEVKQPU

&GUETKRVKQP
6JGGNGEVTKECNU[UVGOEQORTKUGUHQNNQYKPIEQORQPGPVU

'NGEVTKEEWDKENGV[RKECNGZCORNG


 +PUVTWEVKQPOCPWCN

4GHGTGPEG &GUKIPCVKQP
( (WUGU
( (WUGU
(( (WUGU
QPN[QP(WNN(GCVWTGYKVJ+(&
( 1XGTNQCFTGNC[EQORTGUUQTOQVQT
3 %KTEWKVDTGCMGTHCPOQVQT
QPCKTEQQNGFEQORTGUUQTU
- #WZKNKCT[EQPVCEVQTHQTFT[GT
QPN[QP(WNN(GCVWTGYKVJ+(&
- .KPGEQPVCEVQT
- 5VCTEQPVCEVQT
- &GNVCEQPVCEVQT
- 2JCUGUGSWGPEGTGNC[
6 6TCPUHQTOGT
: 6GTOKPCNUVTKR
XQNVCIGUWRRN[
:: %QPPGEVQTU
2' 'CTVJVGTOKPCN


+PUVTWEVKQPOCPWCN

 'NGEVTKECNFKCITCOU

&KCITCOHQT'NGMVTQPKMQP++

5GTXKEGFKCITCOYKVJ'NGMVTQPKMQP++CPFUVCTFGNVCUVCTVGT

4GHGTGPEG &GUKIPCVKQP

 %WUVQOGTʼnUKPUVCNNCVKQP

 1RVKQP

 &T[GTQRVKQPRJCUGQTRJCUG

 #NNXQNVCIGUGZEGRV8*\

 8*\

 5VCTEQPPGEVKQPCNNQVJGTXQNVCIGU

 &GNVCEQPPGEVKQP8*\

 'OGTIGPE[UVQR

 4GOQVGUVCTVUVQR

 4GOQVGNQCFWPNQCF

 4GOQVGRTGUUWTGUGPUKPI

 #WZKNKCT[EQPVCEV-


 +PUVTWEVKQPOCPWCN

4GHGTGPEG &GUKIPCVKQP

 &GNVCRQH&&HKNVGT

 4GOQVGRTGUUWTGUGVUGNGEVKQP

 1RVKQP'5

 4GOQVGGOGTIGPE[UVQR

 #WZKNKCT[EQPVCEVU

&GUKIPCVKQPUHQT'NGMVTQPKMQP

4GHGTGPEG 5GPUQTUUQNGPQKFXCNXGUGNGEVTQPKEYCVGTFTCKP
26 2TGUUWTGUGPUQTCKTQWVNGV
66 6GORGTCVWTGUGPUQTGNGOGPVQWVNGV
66 6GORGTCVWTGUGPUQTFGYRQKPV
(WNN(GCVWTGYKVJ+(&
; .QCFKPIUQNGPQKFXCNXG

4GHGTGPEG /QVQTU
/ &TKXGOQVQT
/ (CPOQVQT
QPCKTEQQNGFEQORTGUUQTU

4GHGTGPEG 'NGEVTKEECDKPGV
( (WUGU
( 1XGTNQCFTGNC[FTKXGOQVQT
- .KPGEQPVCEVQT
- 5VCTEQPVCEVQT
- &GNVCEQPVCEVQT
- 2JCUGUGSWGPEGTGNC[
3 %KTEWKVDTGCMGTHCPOQVQT
6 6TCPUHQTOGTU
:: 6GTOKPCNUVTKRU
: %QPPGEVQTU

4GHGTGPEG %QPVTQNOQFWNG
+ 5VCTVDWVVQP
- $NQEMKPITGNC[
- #WZKNKCT[TGNC[UVCTEQPVCEVQT
- #WZKNKCT[TGNC[FGNVCEQPVCEVQT
- #WZKNKCT[TGNC[NQCFKPIWPNQCFKPI
- #WZKNKCT[TGNC[CKTRTGUUWTGJKIJNQY
- #WZKNKCT[TGNC[FT[GT


+PUVTWEVKQPOCPWCN

4GHGTGPEG %QPVTQNOQFWNG
- #WZKNKCT[TGNC[OCPWCNCWVQOCVKEQRGTCVKQP
- #WZKNKCT[TGNC[YCTPKPI
- #WZKNKCT[TGNC[UJWVFQYP
1 5VQRDWVVQP
5 'OGTIGPE[UVQRDWVVQP

4GHGTGPEG 1RVKQPCNGSWKROGPV
# &T[GT
(WNN(GCVWTG
#+' 'ZRCPUKQPOQFWNGCPCNQIWGKPRWV
$ 'NGEVTQPKE9CVGT&TCKP
'9&
-ʼn #WZKNKCT[TGNC[NQCFWPNQCF
QRVKQP'5
- #WZKNKCT[EQPVCEVEQORTGUUQTTWPPKPI
QRVKQP'5
2&5 &RUYKVEJHQT&&HKNVGT
4- &TKXGOQVQTVJGTOKUVQTRTQVGEVKQPUJWVFQYP
4- &TKXGOQVQTVJGTOKUVQTRTQVGEVKQPYCTPKPI
4444 *GCVGTUHTGG\GRTQVGEVKQP
4 #PVKEQPFGPUCVKQPJGCVGTU
5 /CKPRQYGTKUQNCVKPIUYKVEJ
6 6TCPUHQTOGTFT[GT
65.. 6JGTOQUVCVEWDKENGHTGG\GRTQVGEVKQP
66 6GORGTCVWTGUGPUQTUGPGTI[TGEQXGT[
; 5QNGPQKFXCNXG

 +(&CKTFT[GT

(NQYFKCITCO

#KTFT[GT


 +PUVTWEVKQPOCPWCN

4GHGTGPEG 0COG
# 4GHTKIGTCPVICU
$ 4GHTKIGTCPVNKSWKF
% %QPFGPUCVG
#+ #KTKPNGV
#1 #KTQWVNGV
 #KTCKTJGCVGZEJCPIGT
 #KTTGHTKIGTCPVJGCVGZEJCPIGTGXCRQTCVQT
 %QPFGPUCVGUGRCTCVQT
 %QPFGPUCVGQWVNGV
 4GHTKIGTCPVEQORTGUUQT
 4GHTKIGTCPVEQPFGPUGT
 .KSWKFTGHTKIGTCPVFT[GTHKNVGT
 6JGTOQUVCVKEGZRCPUKQPXCNXG
 *QVICUD[RCUUXCNXG
 %QPFGPUGTEQQNKPIHCP
 2TGUUWTGUYKVEJHCPEQPVTQN

%QORTGUUGFCKTEKTEWKV
%QORTGUUGFCKTGPVGTUJGCVGZEJCPIGT
CPFKUEQQNGFD[VJGQWVIQKPIEQNFFTKGFCKT9CVGTKPVJG
KPEQOKPICKTUVCTVUVQEQPFGPUG6JGCKTVJGPHNQYUVJTQWIJJGCVGZEJCPIGTGXCRQTCVQT
YJGTGVJG
TGHTKIGTCPVGXCRQTCVGUECWUKPIVJGCKTVQDGEQQNGFHWTVJGTVQENQUGVQVJGGXCRQTCVKPIVGORGTCVWTGQHVJG
TGHTKIGTCPV/QTGYCVGTKPVJGCKTEQPFGPUGU6JGEQNFCKTVJGPHNQYUVJTQWIJUGRCTCVQT
YJGTGCNNVJG
EQPFGPUCVGKUUGRCTCVGFHTQOVJGCKT6JGEQPFGPUCVGKUCWVQOCVKECNN[FTCKPGFVJTQWIJQWVNGV

6JGEQNFFTKGFCKTHNQYUVJTQWIJJGCVGZEJCPIGT
YJGTGKVKUYCTOGFWRD[VJGKPEQOKPICKT

4GHTKIGTCPVEKTEWKV
%QORTGUUQT
FGNKXGTUJQVJKIJRTGUUWTGTGHTKIGTCPVICUYJKEJHNQYUVJTQWIJEQPFGPUGT
YJGTG
OQUVQHVJGTGHTKIGTCPVEQPFGPUGU
6JGNKSWKFHNQYUVJTQWIJNKSWKFTGHTKIGTCPVFT[GTHKNVGT
VQECRKNNCT[VWDG
6JGTGHTKIGTCPVNGCXGUVJG
ECRKNNCT[VWDGCVGXCRQTCVKPIRTGUUWTG
6JGTGHTKIGTCPVGPVGTUGXCRQTCVQT
YJGTGKVYKVJFTCYUJGCVHTQOVJGEQORTGUUGFCKTD[HWTVJGT
GXCRQTCVKQPCVEQPUVCPVRTGUUWTG6JGJGCVGFTGHTKIGTCPVNGCXGUVJGGXCRQTCVQTCPFKUUWEMGFKPD[VJG
EQORTGUUQT

$[RCUUXCNXG
TGIWNCVGUVJGTGHTKIGTCPVHNQY(CP
KUUYKVEJGFQPQTQHHD[UYKVEJ
FGRGPFKPI
QPVJGNQCFKPIFGITGGQHVJGTGHTKIGTCPVEKTEWKV
6JGEQORTGUUQTOQVQTJCUCDWKNVKPVJGTOKERTQVGEVKQP+HVJGEQORTGUUQTOQVQTUVQRUCHVGTVTKRRKPIQH
VJGVJGTOKERTQVGEVKQPKVOC[VCMGWRVQJQWTUHQTVJGOQVQTYKPFKPIUVQEQQNFQYP


+PUVTWEVKQPOCPWCN

 'NGMVTQPKMQP++TGIWNCVQT

 'NGMVTQPKMQPs++TGIWNCVQT

%QPVTQNRCPGN

)GPGTCN
+PIGPGTCNVJG'NGMVTQPKMQPTGIWNCVQTJCUHQNNQYKPIHWPEVKQPU
Ő %QPVTQNNKPIVJGEQORTGUUQT
Ő 2TQVGEVKPIVJGEQORTGUUQT
Ő /QPKVQTKPIEQORQPGPVUUWDLGEVVQUGTXKEG
Ő #WVQOCVKETGUVCTVCHVGTXQNVCIGHCKNWTG
OCFGKPCEVKXG

#WVQOCVKEEQPVTQNQHEQORTGUUQTQRGTCVKQP
6JGTGIWNCVQTOCKPVCKPUVJGPGVRTGUUWTGDGVYGGPRTQITCOOCDNGNKOKVUD[CWVQOCVKECNN[NQCFKPICPF
WPNQCFKPIVJGEQORTGUUQT#PWODGTQHRTQITCOOCDNGUGVVKPIUGIVJGWPNQCFKPICPFNQCFKPI
RTGUUWTGUVJGOKPKOWOUVQRVKOGCPFVJGOCZKOWOPWODGTQHOQVQTUVCTVUCTGVCMGPKPVQCEEQWPV
6JGTGIWNCVQTUVQRUVJGEQORTGUUQTYJGPGXGTRQUUKDNGVQTGFWEGVJGRQYGTEQPUWORVKQPCPFTGUVCTVUKV
CWVQOCVKECNN[YJGPVJGPGVRTGUUWTGFGETGCUGU+HVJGGZRGEVGFWPNQCFKPIRGTKQFKUVQQUJQTVVJG
EQORTGUUQTKUMGRVTWPPKPIVQRTGXGPVVQQUJQTVUVCPFUVKNNRGTKQFU

#PWODGTQHVKOGDCUGFCWVQOCVKEUVCTVUVQREQOOCPFUOC[DGRTQITCOOGF6CMG
KPVQCEEQWPVVJCVCUVCTVEQOOCPFYKNNDGGZGEWVGF
KHRTQITCOOGFCPFCEVKXCVGF
GXGPCHVGTOCPWCNN[UVQRRKPIVJGEQORTGUUQT

2TQVGEVKPIVJGEQORTGUUQT
5JWVFQYP
+HVJGEQORTGUUQTGNGOGPVQWVNGVVGORGTCVWTGGZEGGFUVJGRTQITCOOGFUJWVFQYPNGXGNVJGEQORTGUUQT
YKNNDGUVQRRGF6JKUYKNNDGKPFKECVGFQPFKURNC[
CPFIGPGTCNCNCTO.'&
YKNNHNCUJ
6JGEQORTGUUQTYKNNCNUQDGUVQRRGFKPVJGGXGPVQHQXGTNQCFQH
Ő 6JGFTKXGOQVQT
Ő 6JGHCPOQVQT
4GOGF[VJGVTQWDNGCPFTGUGVVJGOGUUCIG5GGCNUQVJG5VCVWUFCVCOGPW


 +PUVTWEVKQPOCPWCN

$GHQTGTGOGF[KPIEQPUWNVVJG5CHGV[RTGECWVKQPU

5JWVFQYPYCTPKPI
#UJWVFQYPYCTPKPINGXGNKUCRTQITCOOCDNGNGXGNDGNQYVJGUJWVFQYPNGXGN
+HVJGEQORTGUUQTGNGOGPVQWVNGVVGORGTCVWTGGZEGGFUVJGRTQITCOOGFUJWVFQYPYCTPKPINGXGNC
OGUUCIGYKNNCRRGCTQPFKURNC[
CPFIGPGTCNCNCTO.'&
YKNNNKIJVWRVQYCTPVJGQRGTCVQTVJCVVJG
UJWVFQYPYCTPKPINGXGNKUGZEGGFGF
6JGOGUUCIGFKUCRRGCTUCUUQQPCUVJGYCTPKPIEQPFKVKQPFKUCRRGCTU

5GTXKEGYCTPKPI
#PWODGTQHUGTXKEGQRGTCVKQPUCTGITQWRGF
ECNNGF5GTXKEGRNCPU#$%'CEJ5GTXKEGRNCPJCUC
RTQITCOOGFVKOGKPVGTXCN+HCVKOGKPVGTXCNKUGZEGGFGFCOGUUCIGYKNNCRRGCTQPFKURNC[
VQYCTP
VJGQRGTCVQTVQECTT[QWVVJGUGTXKEGCEVKQPUDGNQPIKPIVQVJCVRNCP

9CTPKPI
#YCTPKPIOGUUCIGCNUQCRRGCTUKH
Ő 1P(WNN(GCVWTGEQORTGUUQTUYKVJ+(&FT[GTVJGFGYRQKPVVGORGTCVWTGKUVQQJKIJKPTGNCVKQPVQVJG
CODKGPVVGORGTCVWTG

#WVQOCVKETGUVCTVCHVGTXQNVCIGHCKNWTG
6JGTGIWNCVQTJCUCDWKNVKPHWPEVKQPVQCWVQOCVKECNN[TGUVCTVVJGEQORTGUUQTYJGPVJGXQNVCIGKU
TGUVQTGFCHVGTXQNVCIGHCKNWTG6JKUHWPEVKQPKUFGCEVKXCVGFKPEQORTGUUQTUNGCXKPIVJGHCEVQT[+HFGUKTGF
VJGHWPEVKQPECPDGCEVKXCVGF%QPUWNVVJG#VNCU%QREQ%WUVQOGT%GPVTG

+HCEVKXCVGFCPFRTQXKFGFVJGTGIWNCVQTYCUKPVJGCWVQOCVKEQRGTCVKQPOQFGVJG
EQORTGUUQTYKNNCWVQOCVKECNN[TGUVCTVKHVJGUWRRN[XQNVCIGVQVJGOQFWNGKUTGUVQTGF
YKVJKPCRTQITCOOGFVKOGRGTKQF
6JGRQYGTTGEQXGT[VKOG
VJGRGTKQFYKVJKPYJKEJVJGXQNVCIGOWUVDGTGUVQTGFVQ
JCXGCPCWVQOCVKETGUVCTVECPDGUGVDGVYGGPCPFUGEQPFUQTVQň+PHKPKVGʼn
+HVJGRQYGTTGEQXGT[VKOGKUUGVVQň+PHKPKVGʼnVJGEQORTGUUQTYKNNCNYC[UTGUVCTV
CHVGTCXQNVCIGHCKNWTGPQOCVVGTJQYNQPIKVVCMGUVQTGUVQTGVJGXQNVCIG#TGUVCTV
FGNC[ECPCNUQDGRTQITCOOGFCNNQYKPIGIVYQEQORTGUUQTUVQDGTGUVCTVGFQPG
CHVGTVJGQVJGT


+PUVTWEVKQPOCPWCN
 %QPVTQNRCPGN
'NGMVTQPKMQPTGIWNCVQT
2CTVUCPFHWPEVKQPU
4GHGTGPEG &GUKIPCVKQP
 5VCTVDWVVQP
NKIJVUWR
 &KURNC[
 5ETQNNMG[U
 6CDWNCVQTMG[
 (WPEVKQPMG[U
 8QNVCIGQP.'&
 )GPGTCNCNCTO.'&
 )GPGTCNCNCTO.'&
 #WVQOCVKEQRGTCVKQP.'&
 5VQRDWVVQP
IQGUQWV
5 'OGTIGPE[UVQRDWVVQP
(WPEVKQP
$WVVQPVQUVCTVVJGEQORTGUUQT.'&
KPFKECVKPIVJCVVJG'NGMVTQPKMQPTGIWNCVQTKU
QRGTCVKXG
5JQYUOGUUCIGUCDQWVVJGEQORTGUUQTQRGTCVKPI
EQPFKVKQPCUGTXKEGPGGFQTCHCWNV
-G[UVQUETQNNWRYCTFUQTFQYPYCTFUVJTQWIJVJG
FKURNC[
-G[VQUGNGEVVJGRCTCOGVGTKPFKECVGFD[VJG
JQTK\QPVCNCTTQY1PN[VJGRCTCOGVGTUHQNNQYGFD[
CPCTTQYRQKPVKPIVQVJGTKIJVECPDGOQFKHKGF
-G[UVQEQPVTQNCPFRTQITCOVJGEQORTGUUQT
+PFKECVGUVJCVVJGXQNVCIGKUUYKVEJGFQP
+UNKVKHCYCTPKPIUGTXKEGYCTPKPIQTUJWVFQYP
YCTPKPIEQPFKVKQPGZKUVU
(NCUJGUKHCUJWVFQYPEQPFKVKQPGZKUVUKHCP
KORQTVCPVUGPUQTKUQWVQHQTFGTQTCHVGTCP
GOGTIGPE[UVQR
+PFKECVGUVJCVVJGTGIWNCVQTKUCWVQOCVKECNN[
EQPVTQNNKPIVJGEQORTGUUQT
$WVVQPVQUVQRVJGEQORTGUUQT.'&
6JGEQORTGUUQTYKNNUVQRCHVGTTWPPKPIKP
WPNQCFGFEQPFKVKQPHQTCDQWVUGEQPFU
2WUJDWVVQPVQUVQRVJGEQORTGUUQTKOOGFKCVGN[
KPVJGGXGPVQHCPGOGTIGPE[#HVGTTGOGF[KPI
VJGVTQWDNGWPNQEMVJGDWVVQPD[RWNNKPIKVQWV

 +PUVTWEVKQPOCPWCN

 (WPEVKQPMG[U

%QPVTQNRCPGN

(WPEVKQPMG[U
6JGMG[U
CTGWUGF
Ő 6QOCPWCNN[NQCFWPNQCFVJGEQORTGUUQT
Ő 6QECNNWRQTVQRTQITCOUGVVKPIU
Ő 6QTGUGVCOQVQTQXGTNQCFUJWVFQYPQTUGTXKEGOGUUCIGQTCPGOGTIGPE[UVQR
Ő 6QCEEGUUCNNFCVCEQNNGEVGFD[VJGTGIWNCVQT
6JGHWPEVKQPUQHVJGMG[UXCT[FGRGPFKPIQPVJGFKURNC[GFOGPW6JGCEVWCNHWPEVKQPKUKPFKECVGFLWUV
CDQXGVJGTGNGXCPVMG[6JGOQUVEQOOQPHWPEVKQPUCTGNKUVGFDGNQY

&GUKIPCVKQP (WPEVKQP
ň#FFʼn 6QCFFEQORTGUUQTUVCTVUVQREQOOCPFU
FC[JQWT
ň$CEMʼn 6QTGVWTPVQCRTGXKQWUN[UJQYPQRVKQPQTOGPW
ň%CPEʼn 6QECPEGNCRTQITCOOGFUGVVKPIYJGPRTQITCOOKPIRCTCOGVGTU
ň&GNʼn 6QFGNGVGEQORTGUUQTUVCTVUVQREQOOCPFU
ň*GNRʼn 6QHKPFVJG#VNCU%QREQ+PVGTPGVCFFTGUU
ň.KOʼn 6QUJQYNKOKVUHQTCRTQITCOOCDNGUGVVKPI
ň.QCFʼn 6QNQCFVJGEQORTGUUQTOCPWCNN[
ň/CKPʼn 6QTGVWTPHTQOCOGPWVQVJGOCKPUETGGP
ň/GPWʼn 5VCTVKPIHTQOVJGOCKPUETGGPVQJCXGCEEGUUVQVJGUWDOGPWU
ň/GPWʼn 5VCTVKPIHTQOCUWDOGPWVQTGVWTPVQCRTGXKQWUOGPW
ň/QFʼn 6QOQFKH[RTQITCOOCDNGUGVVKPIU
ň2TQIʼn 6QRTQITCOOQFKHKGFUGVVKPIU
ň4UGVʼn 6QTGUGVCVKOGTQTOGUUCIG
ň4VTPʼn 6QTGVWTPVQCRTGXKQWUN[UJQYPQRVKQPQTOGPW
ň7PNFʼn 6QWPNQCFVJGEQORTGUUQTOCPWCNN[
ň:VTCʼn 6QHKPFVJGOQFWNGEQPHKIWTCVKQPQHVJGTGIWNCVQT


+PUVTWEVKQPOCPWCN

 5ETQNNMG[U

%QPVTQNRCPGN

6JGMG[U
CNNQYVJGQRGTCVQTVQUETQNNVJTQWIJVJGFKURNC[
#UNQPICUCFQYPYCTFURQKPVKPICTTQYKUUJQYPCVVJGHCTTKIJVRQUKVKQPQHVJGFKURNC[VJGUETQNNMG[
YKVJVJGUCOGU[ODQNECPDGWUGFVQUGGVJGPGZVKVGO
#UNQPICUCPWRYCTFURQKPVKPICTTQYKUUJQYPCVVJGHCTTKIJVRQUKVKQPQHVJGFKURNC[VJGUETQNNMG[
YKVJVJGUCOGU[ODQNECPDGWUGFVQUGGVJGRTGXKQWUKVGO

 'OGTIGPE[UVQRDWVVQP

%QPVTQNRCPGN

+PVJGGXGPVQHCPGOGTIGPE[RTGUUDWVVQP
5VQUVQRVJGEQORTGUUQTKOOGFKCVGN[

$GHQTGUVCTVKPICP[OCKPVGPCPEGQTTGRCKTUYCKVWPVKNVJGEQORTGUUQTJCUUVQRRGFCPF
QRGPVJGKUQNCVKPIUYKVEJ
EWUVQOGT UKPUVCNNCVKQPVQUYKVEJQHHVJGXQNVCIGVQVJG
EQORTGUUQT
%NQUGVJGCKTQWVNGVXCNXGCPFQRGPVJGOCPWCNEQPFGPUCVGFTCKPXCNXGUVQFGRTGUUWTKUG
VJGCKTU[UVGO
#RRN[CNNTGNGXCPV5CHGV[RTGECWVKQPU


 +PUVTWEVKQPOCPWCN

 %QPVTQNRTQITCOU

&GUETKRVKQP
+PQTFGTVQHCEKNKVCVGRTQITCOOKPICPFEQPVTQNNKPIOGPWFTKXGPEQPVTQNRTQITCOUJCXGDGGPKORNGOGPVGF
KPVJGTGIWNCVQT


+PUVTWEVKQPOCPWCN

/GPWHNQY
UKORNKHKGF


 +PUVTWEVKQPOCPWCN

/GPWHNQYHQT)#9QTMRNCEG(WNN(GCVWTGYKVJ+(&FT[GT
UKORNKHKGF


+PUVTWEVKQPOCPWCN

/CKPOGPW

2TQITCO (WPEVKQP
/CKPUETGGP 5JQYUKPUJQTVVJGQRGTCVKQPUVCVWUQHVJGEQORTGUUQT+UVJGICVGYC[VQCNN
HWPEVKQPU
ň5VCVWUFCVCʼn %CNNUWRVJGUVCVWUQHVJGEQORTGUUQTRTQVGEVKQPHWPEVKQPU
UJWVFQYPUJWV
FQYPYCTPKPIUGTXKEGYCTPKPICPFYCTPKPI4GUGVUCUJWVFQYPOQVQT
QXGTNQCFCPFUGTXKEGEQPFKVKQP
ň/GCUWTGFFCVCʼn %CNNUWRVJGFCVCEWTTGPVN[OGCUWTGFCPFVJGUVCVWUQHCPWODGTQHKPRWVU
ň%QWPVGTUʼn %CNNUWRVJGTWPPKPIJQWTUNQCFGFJQWTUTGIWNCVQT
OQFWNGJQWTUCPF
PWODGTQHOQVQTUVCTVU
ň6GUVʼn &KURNC[VGUV
ň/QFKH[2CTCOUʼn /QFKHKGUVJGUGVVKPIUHQT
Ő 2CTCOGVGTU
GINQCFKPICPFWPNQCFKPIRTGUUWTGU
Ő 2TQVGEVKQPU
GIVGORGTCVWTGUJWVFQYPNGXGN
Ő 5GTXKEGRNCPU
VKOGTUHQTUGTXKEGRNCPU
Ő %NQEMHWPEVKQPU
CWVQOCVKEEQORTGUUQTUVCTVUVQRRTGUUWTGDCPF
EQOOCPFU
Ő %QPHKIWTCVKQP
VKOGFCVGFKURNC[NCPIWCIG
ň5GTXKEGʼn %CNNUWRUGTXKEGRNCPUCPFTGUGVUVJGVKOGTUCHVGTECTT[KPIQWVVJGUGTXKEG
CEVKQPUDGNQPIKPIVQCRNCP
ň5CXGFFCVCʼn %CNNUWRVJGUCXGFFCVCNCUVUJWVFQYPNCUVGOGTIGPE[UVQRFCVC

 /CKPUETGGPOGPW

(WPEVKQP

%QPVTQNRCPGN

6JG/CKPUETGGPOGPWUJQYUVJGUVCVWUQHVJGEQORTGUUQTQRGTCVKQPCPFKUVJGICVGYC[VQCNNHWPEVKQPU
KORNGOGPVGFKPVJGTGIWNCVQT

2TQEGFWTG
6JG/CKPUETGGPKUUJQYPCWVQOCVKECNN[YJGPVJGXQNVCIGKUUYKVEJGFQP
+HVJGHWPEVKQPQTCTTQYMG[U
CPFCTGPQVWUGFHQTUQOGOKPWVGUVJGTGIWNCVQTYKNNCWVQOCVKECNN[
TGVWTPVQVJG/CKPUETGGP
9JGPGXGTFKURNC[GFQPCUWDOGPWUETGGPRTGUUVJGň/CKPʼnMG[
(VQTGVWTPVQVJG/CKPUETGGP


 +PUVTWEVKQPOCPWCN

'ZCORNGQH/CKPUETGGP

ň%QORT1WVNGVʼn
DCT 
ň#WVQ.QCFGFʼn
ň/GPWʼn ň7PNFʼn
( ( (

6JGFKURNC[KPFKECVGU
Ő 6JGPCOGQHVJGUGPUQTCPFKVUCEVWCNTGCFKPI
Ő /GUUCIGUTGICTFKPIVJGEQORTGUUQTQRGTCVKPIEQPFKVKQP
Ő ,WUVCDQXGVJGHWPEVKQPMG[U
VJGCEVWCNHWPEVKQPUQHVJGUGMG[U

 %CNNKPIWROGPWU

&GUETKRVKQP

%QPVTQNRCPGN

9JGPVJGXQNVCIGKUUYKVEJGFQPVJG/CKPUETGGPKUUJQYPCWVQOCVKECNN[

ň%QORT1WVNGVʼn
DCT 
ň#WVQ.QCFGFʼn
ň/GPWʼn ň7PNFʼn
( ( (

6JGCTTQYFQYPMG[
ECPDGWUGFHQTCSWKEMNQQMCVVJGCEVWCNEQORTGUUQTUVCVWU
#HVGTRTGUUKPIVJGň/GPWʼn
(MG[VJGQRVKQPň5VCVWUFCVCʼnYKNNDGHQNNQYGFD[CJQTK\QPVCNCTTQY
Ő 'KVJGTRTGUUVJGVCDWNCVQTMG[
VQUGNGEVVJKUOGPW
Ő 1TWUGVJGCTTQYFQYPMG[
WPVKNVJGFGUKTGFUWDOGPWKUHQNNQYGFD[CJQTK\QPVCNCTTQYCPFVJGP
RTGUUVJGVCDWNCVQTMG[
VQUGNGEVVJKUOGPW


+PUVTWEVKQPOCPWCN

 5VCVWUFCVCOGPW

9CTPKPI

$GHQTGUVCTVKPICP[OCKPVGPCPEGQTTGRCKTURTGUUVJGUVQRDWVVQP
YCKVWPVKNVJG
EQORTGUUQTJCUUVQRRGFRTGUUVJGTGFGOGTIGPE[UVQRDWVVQPCPFQRGPVJG
KUQNCVKPIUYKVEJ
EWUVQOGT UKPUVCNNCVKQPVQUYKVEJQHHVJGXQNVCIGVQVJG
EQORTGUUQT
%NQUGVJGCKTQWVNGVXCNXGCPFFGRTGUUWTKUGVJGCKTU[UVGO

(WPEVKQP

%QPVTQNRCPGN

6JG5VCVWUFCVCUWDOGPWIKXGUKPHQTOCVKQPTGICTFKPIVJGUVCVWUQHVJGEQORTGUUQTRTQVGEVKQPHWPEVKQPU

UJWVFQYPUJWVFQYPYCTPKPIUGTXKEGYCTPKPICPFYCTPKPICPFCNNQYUTGUGVVKPIQHCUJWVFQYP
OQVQTQXGTNQCFCPFUGTXKEGEQPFKVKQP

2TQEGFWTG
5VCTVKPIHTQOVJG/CKPUETGGP
UGG/CKPUETGGPOGPW
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(VJGQRVKQPň5VCVWUFCVCʼnYKNNDGHQNNQYGFD[CJQTK\QPVCNCTTQY
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0QOGUUCIGGZKUVU
Ő )GPGTCNCNCTO.'&
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PQTOCN

ň#NNEQPFKVKQPUCTG1-ʼn


ň/GPWʼn
( ( (

#UJWVFQYPOGUUCIGGZKUVU
Ő +HVJGEQORTGUUQTKUUJWVFQYP.'&
YKNNHNCUJ
Ő +PVJGGXGPVQHCUJWVFQYPFWGVQVQQJKIJCVGORGTCVWTGCVVJGQWVNGVQHVJGEQORTGUUQTGNGOGPV


 +PUVTWEVKQPOCPWCN

ň'NGOGPV1WVNGVʼn
u% 
ň5JFʼn ň/CZʼn 
ň/GPWʼn ň4GUGVʼn
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Ő 6JGKPFKECVQTU
CTGHNCUJKPI6JGUETGGPUJQYUVJGCEVWCNTGCFKPI
u%VJCVVJGEQORTGUUQT
KUUJWVFQYP
ň5JFʼnCPFVJGUJWVFQYPUGVVKPI
u%
Ő +VTGOCKPURQUUKDNGVQUETQNNVJTQWIJQVJGTOGPWUGIVQEJGEMVJGXCNWGUQHQVJGTRCTCOGVGTU
9JGPTGVWTPKPIVQVJGň5VCVWUFCVCʼnOGPWVJGQRVKQPň5JWVFQYPUʼnYKNNHNCUJ6JKUQRVKQPECPDG
UGNGEVGFD[RTGUUKPIVJGVCDWNCVQTMG[
VQTGVWTPVQVJGCDQXGUJWVFQYPUETGGP

5JWVFQYPTGUGV
Ő 5YKVEJQHHVJGXQNVCIGCPFTGOGF[VJGVTQWDNG#HVGTTGOGF[KPICPFYJGPVJGUJWVFQYPEQPFKVKQP
JCUFKUCRRGCTGFUYKVEJQPVJGXQNVCIGCPFRTGUUVJGMG[ň4UGVʼn
(
Ő 2TGUUVJGMG[Uň/GPWʼnCPFň/CKPʼnVQTGVWTPVQVJG/CKPUETGGPCPFTGUVCTVVJGEQORTGUUQTD[OGCPU
QHUVCTVDWVVQP


/QVQTQXGTNQCFTGUGV
Ő 5YKVEJQHHVJGXQNVCIGCPFTGOGF[VJGVTQWDNG6JGQXGTNQCFTGNC[
(CPFHCPEKTEWKVDTGCMGT
3
OWUVDGTGUGVOCPWCNN[5YKVEJQPVJGXQNVCIGCPFRTGUUVJGMG[ň4UGVʼn
(
Ő 2TGUUVJGMG[Uň/GPWʼnCPFň/CKPʼnVQTGVWTPVQVJG/CKPUETGGPCPFTGUVCTVVJGEQORTGUUQTD[OGCPU
QHUVCTVDWVVQP


#UJWVFQYPYCTPKPIOGUUCIGGZKUVU
#UJWVFQYPYCTPKPINGXGNKUCRTQITCOOCDNGNGXGNDGNQYVJGUJWVFQYPNGXGN
Ő +HCUJWVFQYPYCTPKPIGZKUVU.'&
KUNKV6JG/CKPUETGGPYKNNEJCPIGKPVQCUETGGPUKOKNCTVQVJG
QPGDGNQY

ň%QORTGUUQT1WVʼn
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ň5JWVFʼn ň9CTPʼn
ň/GPWʼn ň7PNFʼn
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OGUUCIGUKPFKECVKPIYJGVJGTVJGEQORTGUUQTTWPUWPNQCFGFQTNQCFGF
Ő 2TGUUVJGMG[ň/GPWʼn
(CPFVJGVCDWNCVQTMG[
VQUGNGEVVJGň5VCVWUFCVCʼnOGPWVJGQRVKQP
ň2TQVGEVKQPʼnKUHNCUJKPI
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#UETGGPUKOKNCTVQVJGQPGDGNQY
CRRGCTU


+PUVTWEVKQPOCPWCN

'NGOGPVQWVNGV
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ň5JFYʼn ň/CZʼn 
ň/GPWʼn 
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Ő 6JGUETGGPKPFKECVGUVJCVVJGVGORGTCVWTGCVVJGQWVNGVQHVJGEQORTGUUQTGNGOGPVGZEGGFUVJG
RTQITCOOGFUJWVFQYPYCTPKPINGXGN
Ő +HPGEGUUCT[UVQRVJGEQORTGUUQTD[OGCPUQHUVQRDWVVQP
CPFYCKVWPVKNKVJCUUVQRRGF
Ő 5YKVEJQHHVJGXQNVCIGKPURGEVCPFTGOGF[
Ő 6JGYCTPKPIOGUUCIGYKNNFKUCRRGCTCWVQOCVKECNN[CUUQQPCUVJGYCTPKPIEQPFKVKQPFKUCRRGCTU

#UGTXKEGYCTPKPIGZKUVU
Ő .'&
KUNKV6JG/CKPUETGGPYKNNEJCPIGKPVQCUETGGPUKOKNCTVQVJGQPGDGNQY

ň%QORTGUUQTQWVʼn
DCT
ň5GTX4GSWKTʼn
ň/GPWʼn ň7PNFʼn
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CTGHNCUJKPICPFVJGUGTXKEGYCTPKPIOGUUCIGCRRGCTUCNVGTPCVGN[YKVJVJG
OGUUCIGUKPFKECVKPIYJGVJGTVJGEQORTGUUQTTWPUWPNQCFGFQTNQCFGF
Ő 2TGUUVJGMG[ň/GPWʼn
(CPFVJGVCDWNCVQTMG[
VQUGNGEVVJGň5VCVWUFCVCʼnOGPWVJGQRVKQP
ň5GTXKEGʼnKUHNCUJKPI
Ő 5ETQNNVQVJKUQRVKQPCPFUGNGEVKVD[RTGUUKPIVJGVCDWNCVQTMG[
VYQQRVKQPUOC[HNCUJ
Ő ň+PRWVUʼnKHVJGRTQITCOOGFUGTXKEGNGXGNQHCEQORQPGPVKUGZEGGFGF
GIVJGOCZKOWORTGUUWTG
FTQRQHVJGQKNUGRCTCVQT
Ő ň2NCPUʼnKHCUGTXKEGRNCPKPVGTXCNKUGZEGGFGF
Ő 5VQRVJGEQORTGUUQTCPFUYKVEJQHHVJGXQNVCIG
Ő +HVJGUGTXKEGOGUUCIGYCUTGHGTTKPIVQň+PRWVUʼn
QKNUGRCTCVQTTGRNCEGVJGUGRCTCVQTUYKVEJQPVJG
XQNVCIGUETQNNKPVJGň5VCVWUFCVCʼnOGPWVQň+PRWVUʼnCPFRTGUUVJGň4GUGVʼnMG[VQTGUGVVJGUGTXKEG
OGUUCIG
Ő +HVJGUGTXKEGOGUUCIGYCUTGHGTTKPIVQň2NCPUʼnECTT[QWVVJGUGTXKEGCEVKQPUTGNCVGFVQVJGKPFKECVGF
RNCPU4GUGVVJGVKOGTUQHVJGTGNCVGFRNCPU%QPVCEV[QWT#VNCU%QREQ%WUVQOGT%GPVTG5GGUGEVKQP
5GTXKEGOGPW

#YCTPKPIOGUUCIGGZKUVU
Ő .'&
KUNKVCPFCYCTPKPIOGUUCIGYKNNCRRGCTQPVJGUETGGP
Ő 6JGKPFKECVQTU
CTGHNCUJKPICPFVJGYCTPKPIOGUUCIGCRRGCTUCNVGTPCVGN[YKVJVJGOGUUCIGU
KPFKECVKPIYJGVJGTVJGEQORTGUUQTTWPUWPNQCFGFQTNQCFGF6JKUYCTPKPIKPFKECVGUVJCV
Ő 1P(WNN(GCVWTGEQORTGUUQTUYKVJ+(&FT[GTVJGFGYRQKPVVGORGTCVWTGKUVQQJKIJKPTGNCVKQPVQ
VJGCODKGPVVGORGTCVWTG
Ő 5VQRVJGEQORTGUUQTCPFUYKVEJQHHVJGXQNVCIG+PURGEVVJGEQORTGUUQTCPFTGOGF[


 +PUVTWEVKQPOCPWCN

 /GCUWTGFFCVCOGPW

%QPVTQNRCPGN

(WPEVKQP
6QECNNWRKPHQTOCVKQPTGICTFKPIVJGCEVWCNN[OGCUWTGFFCVCCPFVJGUVCVWUQHUQOGKPRWVUUWEJCUVJG
OQVQTQXGTNQCFRTQVGEVKQP%QPUWNVVJGOGPWHNQYKPUGEVKQP%QPVTQNRTQITCOU

2TQEGFWTG
5VCTVKPIHTQOVJG/CKPUETGGP
UGG/CKPUETGGPOGPW
Ő 2TGUUVJGMG[ň/GPWʼn
(
Ő 2TGUUVJGCTTQYFQYPMG[
WPVKNň/GCUWTGFFCVCʼnKUHQNNQYGFD[CJQTK\QPVCNCTTQY
Ő #EVKXCVGVJGOGPWD[RTGUUKPIVJGVCDWNCVQTMG[

Ő $[RTGUUKPIVJGUETQNNMG[U
CPWODGTQHCEVWCNN[OGCUWTGFFCVCECPDGHQWPF
Ő +HQPGQHVJGUGPUQTUKUNKPMGFVQCUJWVFQYPUGTXKEGQTYCTPKPIHWPEVKQPDQVJVJGCEVWCNN[
OGCUWTGFXCNWGCUYGNNCUVJGEQTTGURQPFKPIUJWVFQYPYCTPKPIQTUGTXKEGNGXGNECPDGECNNGFWRD[
RTGUUKPIMG[


 %QWPVGTUOGPW

%QPVTQNRCPGN

(WPEVKQP
6QECNNWR
Ő 6JGTWPPKPIJQWTU


+PUVTWEVKQPOCPWCN

Ő 6JGNQCFGFJQWTU
Ő 6JGPWODGTQHOQVQTUVCTVU
Ő 6JGPWODGTQHJQWTUVJGTGIWNCVQT
OQFWNGJCUDGGPWPFGTVGPUKQP
Ő 6JGPWODGTQHNQCFE[ENGU

2TQEGFWTG
5VCTVKPIHTQOVJG/CKPUETGGP
UGG/CKPUETGGPOGPW
Ő 2TGUUVJGMG[ň/GPWʼn
(
Ő 2TGUUVJGCTTQYFQYPMG[
WPVKNň%QWPVGTUʼnKUHQNNQYGFD[CJQTK\QPVCNCTTQY
Ő 2TGUUVJGVCDWNCVQTMG[
VQCEVKXCVGVJGOGPW
Ő $[RTGUUKPIVJGCTTQYMG[
VJGCDQXGOGPVKQPGFFCVCECPDGHQWPF

'ZCORNGQHC%QWPVGTUUETGGP

ň4WPPKPIJQWTUʼn
ňJTUʼn ňJTUʼn


ň/GPWʼn
( ( (

 6GUVOGPW

%QPVTQNRCPGN

(WPEVKQP
6QECTT[QWVCFKURNC[VGUVKGVQEJGEMYJGVJGTVJGFKURNC[CPF.'&UCTGUVKNNKPVCEV

2TQEGFWTG
5VCTVKPIHTQOVJG/CKPUETGGP
UGG/CKPUETGGPOGPW
Ő 2TGUUVJGMG[ň/GPWʼn
(
Ő 2TGUUCTTQYFQYPMG[
WPVKNň6GUVʼnKUHQNNQYGFD[CJQTK\QPVCNCTTQY
Ő #EVKXCVGVJGOGPWD[RTGUUKPIVJGMG[



 +PUVTWEVKQPOCPWCN

Ő 6JGQRVKQPň&KURNC[VGUVʼnYKNNDGHQNNQYGFD[CJQTK\QPVCNCTTQY
Ő 6QVGUVVJGFKURNC[RTGUUVJGMG[
&WTKPIVGUVKPIVJGTGIWNCVQTYKNNIGPGTCVGCUGTKGUQHRCVVGTPU
QPVJGFKURNC[YJKEJGPCDNGVJGQRGTCVQTVQEJGEMVJCVGCEJRKZGNUVKNNHWPEVKQPUPQTOCNN[CVVJGUCOG
VKOGVJG.'&UCTGNKV

 /QFKH[RCTCOGVGTUOGPW

(WPEVKQP
6QOQFKH[CPWODGTQHRTQITCOOCDNGUGVVKPIU
Ő 2CTCOGVGTU
UGGUGEVKQP/QFKH[KPIRCTCOGVGTU
Ő 2TQVGEVKQPU
UGGUGEVKQP/QFKH[KPIRTQVGEVKQPU
Ő 5GTXKEGRNCPUGVVKPIU
UGGUGEVKQP/QFKH[KPIUGTXKEGRNCPUGVVKPIU
Ő %NQEMHWPEVKQPUGVVKPIU
UGGUGEVKQP/QFKH[KPIENQEMHWPEVKQPUGVVKPIU
Ő %QPHKIWTCVKQPUGVVKPIU
UGGUGEVKQP/QFKH[KPIEQPHKIWTCVKQPUGVVKPIU

 /QFKH[KPIRCTCOGVGTU

%QPVTQNRCPGN

(WPEVKQP
6QOQFKH[CPWODGTQHRCTCOGVGTU%QPUWNVVJGOGPWHNQYKPUGEVKQP%QPVTQNRTQITCOU

2TQEGFWTG
5VCTVKPIHTQOVJG/CKPUETGGP
UGG/CKPUETGGPOGPW
Ő 2TGUUVJGMG[ň/GPWʼn
(
Ő 2TGUUVJGCTTQYFQYPMG[
WPVKNň/QFKH[RCTCOUʼnKUHQNNQYGFD[CJQTK\QPVCNCTTQY
Ő #EVKXCVGVJGOGPWD[RTGUUKPIVJGVCDWNCVQTMG[

Ő 6JGHKTUVKVGOň2CTCOGVGTUʼnYKNNDGHQNNQYGFD[CJQTK\QPVCNCTTQY
Ő 2TGUUVJGVCDWNCVQTMG[
VJGHKTUVKVGOň.QCFKPIRTGUUWTGʼnCPFKVUUGVVKPIYKNNCRRGCT
Ő 2TGUUVJGCTTQYFQYPMG[
WPVKNVJGRCTCOGVGTVQDGOQFKHKGFKUHQNNQYGFD[CJQTK\QPVCNCTTQY


+PUVTWEVKQPOCPWCN

/QFKH[KPIVJGNQCFKPICPFWPNQCFKPIRTGUUWTGU
+HFGUKTGFVJGQRGTCVQTECPRTQITCOVYQRTGUUWTGDCPFU
DCPFCPFDCPFYKVJFKHHGTGPVNQCFKPICPF
WPNQCFKPIRTGUUWTGU6JGUGVVKPIUHQTDCPFCTGKPFKECVGFCUň.QCFKPIRTGUUWTGʼnCPFň7PNQCFKPI
RTGUUWTGʼnVJGUGVVKPIUHQTDCPFCTGKPFKECVGFCUň.QCFKPIRTGUUWTGʼnCPFň7PNQCFKPIRTGUUWTGʼn
'ZCORNG
(QTRTGUUWTGDCPF
Ő .QCFKPIRTGUUWTGDCT
Ő 7PNQCFKPIRTGUUWTGDCT
(QTRTGUUWTGDCPF
Ő .QCFKPIRTGUUWTGDCT
Ő 7PNQCFKPIRTGUUWTGDCT
2TQEGFWTG
Ő %QPUWNVVJGUGEVKQP2TQEGFWTGCDQXGVQUGNGEVň.QCFKPIRTGUUʼn

ň.QCFKPI2TGUUʼn
DCT 

ň/GPWʼn ň/QFʼn
( ( (

Ő 6JGUETGGPUJQYUVJCVVJGEWTTGPVUGVVKPIKUDCT
G6QOQFKH[VJKUUGVVKPIRTGUUVJGMG[ň/QFʼn

(VJGUGVVKPIYKNNHNCUJ
Ő 6JGMG[ň.KOʼn
(ECPDGWUGFVQHKPFQWVVJGNKOKVCVKQPUHQTVJGRCTCOGVGT
Ő 7UGVJGUETQNNMG[U
VQEJCPIGVJGUGVVKPI
Ő 2TGUUVJGMG[ň2TQIʼn
(VQRTQITCOVJGPGYXCNWGQTVJGMG[ň%CPEʼn
(VQECPEGNVJGOQFKHKECVKQP
QRGTCVKQP
Ő 6JGRTQEGFWTGVQOQFKH[VJG7PNQCFKPIRTGUUWTGKUUKOKNCT
Ő +HTGSWKTGFTGRGCVVJGRTQEGFWTGHQTRTGUUWTGDCPF
Ő 6JGRTQEGFWTGVQOQFKH[QVJGTRCTCOGVGTUKUUKOKNCT

6JGTGIWNCVQTYKNNPQVCEEGRVPGYXCNWGUDG[QPFVJGNKOKVU2TGUUVJGMG[ň.KOʼnVQ
EJGEMVJGNKOKVCVKQPUHQTVJGRCTCOGVGT%QPUWNV2TQITCOOCDNGUGVVKPIUHQTVJGOQUV
KORQTVCPVUGVVKPIU


 +PUVTWEVKQPOCPWCN

 /QFKH[KPIRTQVGEVKQPUGVVKPIU

%QPVTQNRCPGN

(WPEVKQP
6QOQFKH[RTQVGEVKQPUGVVKPIU
Ő 5JWVFQYP
ň5JFʼnGIHQTVJGEQORTGUUQTGNGOGPVQWVNGVVGORGTCVWTG
Ő 5JWVFQYPYCTPKPI
ň5JFYʼnGIHQTVJGEQORTGUUQTGNGOGPVQWVNGVVGORGTCVWTG
6QEJGEMXCTKQWUEQORTGUUQTEQPFKVKQPUGIVJGUVCVWUQHVJGOQVQTQXGTNQCFEQPVCEVU5QOG
RCTCOGVGTUECPPQVDGOQFKHKGF

2TQEGFWTG
5VCTVKPIHTQOVJG/CKPUETGGP
UGG/CKPUETGGPOGPW
Ő 2TGUUVJGň/GPWʼnMG[
(
Ő 2TGUUVJGCTTQYFQYPMG[
WPVKNVJGQRVKQPň/QFKH[2CTCOUʼnKUHQNNQYGFD[CJQTK\QPVCNCTTQY
Ő #EVKXCVGVJGOGPWD[RTGUUKPIVJGVCDWNCVQTMG[

Ő 2TGUUVJGCTTQYFQYPMG[
WPVKNVJGQRVKQPň2TQVGEVKQPUʼnKUHQNNQYGFD[CJQTK\QPVCNCTTQY
Ő 2TGUUVJGVCDWNCVQTMG[
VJGHKTUVKVGOCPFKVUXCNWGYKNNCRRGCT
Ő 2TGUUVJGCTTQYFQYPMG[
WPVKNVJGKVGOVQDGOQFKHKGFKUHQNNQYGFD[CJQTK\QPVCNCTTQYCPF
RTGUUVJGVCDWNCVQTMG[


/QFKH[KPIUGVVKPIUHQTVJGEQORTGUUQTGNGOGPVVGORGTCVWTG
Ő %QPUWNVVJGUGEVKQP2TQEGFWTGVQUGNGEVVJGRCTCOGVGTň'NGOGPVQWVNGVʼn'ZCORNG

ň'NGOGPV1WVNGVʼn
u% 
ň5JFʼnň/CZʼn 
ň/GPWʼn ň/QFʼn
( ( (

Ő 6JGUETGGPUJQYUVJGEWTTGPVVGORGTCVWTG
u%CPFVJGUJWVFQYPUGVVKPI
u%6QOQFKH[
VJGUGVVKPIRTGUUVJGň/QFʼnMG[
(VJGUGVVKPIYKNNHNCUJ
Ő 6JGň.KOʼnMG[
(ECPDGWUGFVQHKPFQWVVJGNKOKVUHQTVJGRCTCOGVGT
Ő 7UGVJGUETQNNMG[U
VQEJCPIGVJGUGVVKPI


+PUVTWEVKQPOCPWCN

Ő 2TGUUň2TQIʼnMG[
(VQRTQITCOVJGPGYXCNWGQTň%CPEʼn
(VQECPEGNVJGOQFKHKECVKQPQRGTCVKQP
Ő 6JGUETGGPCNUQUJQYUCJQTK\QPVCNCTTQYKPFKECVKPIVJCVVJGUJWVFQYPYCTPKPIXCNWGECPDG
OQFKHKGF
VJGRTQEGFWTGKUUKOKNCTVQVJGFGUETKRVKQPCDQXG
Ő 6JGRTQEGFWTGVQOQFKH[QVJGTKVGOUKUUKOKNCT(QTUQOGUGVVKPIUCFGNC[ECPDGRTQITCOOGF

6JGTGIWNCVQTYKNNPQVCEEGRVPGYXCNWGUDG[QPFVJGNKOKVU2TGUUVJGMG[ň.KOʼnVQ
EJGEMVJGNKOKVUHQTVJGRCTCOGVGT%QPUWNV2TQITCOOCDNGUGVVKPIUHQTVJGOQUV
KORQTVCPVUGVVKPIU

 /QFKH[KPIUGTXKEGRNCPU

%QPVTQNRCPGN

(WPEVKQP
6QOQFKH[VJGJQWTKPVGTXCNUHQTVJGUGTXKEGNGXGNU

5GTXKEGRNCPU
6JGUGTXKEGCEVKQPUVQDGECTTKGFQWVCTGITQWRGFKPRNCPUECNNGF5GTXKEGNGXGN#$%QT&9JGP
TGCEJKPICPKPVGTXCNCOGUUCIGYKNNCRRGCTQPVJGUETGGPKPFKECVKPIYJKEJ5GTXKEGRNCPUCTGVQDG
ECTTKGFQWV

#NYC[UEQPUWNV[QWT#VNCU%QREQ%WUVQOGT%GPVTGKHCP[VKOGTUJQWNFDGEJCPIGF6JG
KPVGTXCNUOWUVPQVGZEGGFVJGKPVGTXCNUDGNQYCPFOWUVEQKPEKFGNQIKECNN[

2TQITCOOGFUGTXKEGRNCPKPVGTXCNU

5GTXKEGRNCPU +PVGTXCNU
5GTXKEGRNCP# 'CEJTWPPKPIJQWTU
5GTXKEGRNCP$ 'CEJTWPPKPIJQWTU
5GTXKEGRNCP% 'CEJTWPPKPIJQWTU
5GTXKEGRNCP& 'CEJTWPPKPIJQWTU


 +PUVTWEVKQPOCPWCN

6JGTGIWNCVQTYKNNPQVCEEGRVPGYXCNWGUDG[QPFVJGNKOKVU2TGUUVJGMG[ň.KOʼnVQ
EJGEMVJGNKOKVUHQTVJGRCTCOGVGT%QPUWNV2TQITCOOCDNGUGVVKPIUHQTVJGOQUV
KORQTVCPVUGVVKPIU

4GUWNVKPIUGTXKEGCEVKQPUVQDGECTTKGFQWV

5GTXKEGCEVKQPUCEEQTFKPIVQ
5GTXKEGRNCP#CPF$
5GTXKEGRNCP#$CPF%
5GTXKEGRNCP#CPF$
5GTXKEGRNCP#$CPF%

#V
TWPPKPIJQWTU
TWPPKPIJQWTU
TWPPKPIJQWTU
TWPPKPIJQWTU


2TQEGFWTG
5VCTVKPIHTQOVJG/CKPUETGGP
UGG/CKPUETGGPOGPW
Ő 2TGUUVJGň/GPWʼnMG[
(
Ő 2TGUUVJGCTTQYFQYPMG[
WPVKNň/QFKH[2CTCOUʼnKUHQNNQYGFD[CJQTK\QPVCNCTTQY
Ő #EVKXCVGVJGOGPWD[RTGUUKPIVJGVCDWNCVQTMG[

Ő 2TGUUVJGCTTQYFQYPMG[
WPVKNň5GTXKEG2NCPʼnKUHQNNQYGFD[CJQTK\QPVCNCTTQY
Ő 2TGUUVJGVCDWNCVQTMG[
CUETGGPUKOKNCTVQVJGQPGDGNQYYKNNCRRGCT

ň5GTXKEG6KOGTʼn
ň4WPPKPI*QWTUʼn
ňJTUʼn 
ň/GPWʼn
( ( (

Ő 6JGUETGGPUJQYUVJGCEVWCNTWPPKPIJQWTU
Ő 2TGUUVJGVCDWNCVQTMG[
CUETGGPUKOKNCTVQVJGQPGDGNQYYKNNCRRGCT

ň5GTXKEG6KOGTʼn
ň.GXGN#ʼn
ňJTUʼn 
ň/GPWʼn ň/QFʼn
( ( (

Ő 6JGUETGGPKPFKECVGUVJCVVJGNGXGNHQT5GTXKEGRNCP#KUUGVCVTWPPKPIJQWTU
Ő 2TGUUVJGň/QFʼnMG[
(6JGMG[ň.KOʼn
(ECPDGWUGFVQHKPFQWVVJGNKOKVCVKQPUHQTVJG
RCTCOGVGT7UGVJGCTTQYWRCPFCTTQYFQYPMG[UVQOQFKH[VJGKPVGTXCN
Ő 2TGUUVJGň2TQIʼnMG[
(VQRTQITCOVJGPGYUGVVKPIQTVJGň%CPEʼnMG[
(VQECPEGNVJG
OQFKHKECVKQPQRGTCVKQP
Ő 6JGRTQEGFWTGVQOQFKH[VJG5GTXKEGRNCPU$%CPF&KUUKOKNCT


+PUVTWEVKQPOCPWCN

 2TQITCOOKPIENQEMHWPEVKQP

%QPVTQNRCPGN

(WPEVKQP
6QRTQITCO
Ő 6KOGDCUGFUVCTVUVQREQOOCPFUHQTVJGEQORTGUUQT
Ő 6KOGDCUGFEJCPIGQXGTEQOOCPFUHQTVJGPGVRTGUUWTGDCPF

2TQITCOOKPIUVCTVUVQRCPFRTGUUWTGDCPFEQOOCPFU
+PVJKUGZCORNGVJGEQORTGUUQTYKNNDGRTQITCOOGFCUHQNNQYU
Ő 1P/QPFC[CVUVCTVKPIKPRTGUUWTGDCPF
Ő 1P(TKFC[CVEJCPIKPIQXGTVQRTGUUWTGDCPF
Ő 1P5CVWTFC[CVUVQRRKPI
5VCTVKPIHTQOVJG/CKPUETGGP
UGG/CKPUETGGPOGPW
Ő 2TGUUVJGMG[ň/GPWʼn
(
Ő 2TGUUVJGCTTQYFQYPMG[
WPVKNň/QFKH[2CTCOUʼnKUHQNNQYGFD[CJQTK\QPVCNCTTQY
Ő #EVKXCVGVJGOGPWD[RTGUUKPIVCDWNCVQTMG[

Ő 7UGVJGCTTQYFQYPMG[
VQUETQNNWPVKNVJGQRVKQPň%NQEM(WPEVKQPʼnKUHQNNQYGFD[CJQTK\QPVCN
CTTQY
Ő #EVKXCVGVJGOGPWD[RTGUUKPIVCDWNCVQTMG[
VJGHQNNQYKPIUETGGPCRRGCTU

ň%NQEM(WPEVKQPʼn
ň0QV#EVKXCVGFʼn

ň/GPWʼn ň/QFʼn ň&GNʼn
( ( (

Ő 2TGUUVJGVCDWNCVQTMG[
VJGHQNNQYKPIUETGGPCRRGCTU


 +PUVTWEVKQPOCPWCN

ň/QPFC[ʼn
ň6WGUFC[ʼn
ň9GFPGUFC[ʼn
ň/GPWʼn ň/QFʼn ň&GNʼn
( ( (

Ő 7UGVJGUETQNNMG[U
WPVKNVJGFC[QPYJKEJCEQOOCPFOWUVDGRTQITCOOGFKUHQNNQYGFD[C
JQTK\QPVCNCTTQY2TGUUVJGVCDWNCVQTMG[
VJGHQNNQYKPIUETGGPCRRGCTU

 
 
 
ň/GPWʼn ň/QFʼn ň&GNʼn
( ( (

Ő 2TGUUVJGMG[ň/QFʼn
(6JGHKTUVVYQFCUJGUYKNNHNCUJ7UGVJGUETQNNMG[U
VQGPVGT2TGUU
VJGVCDWNCVQTMG[
VQLWORVQVJGHQNNQYKPIVYQFCUJGU7UGVJGUETQNNMG[UVQGPVGT2TGUUVJG
VCDWNCVQTMG[VQLWORVQVJGTQYQHFCUJGU7UGVJGUETQNNMG[UVQGPVGTVJGEQOOCPFň5VCTVʼn
Ő 2TGUUVJGMG[ň2TQIʼnVQRTQITCOVJGEQOOCPFň5VCTV%QORTGUUQTʼn
Ő 2TGUUVJGCTTQYFQYPMG[
VJGJQTK\QPVCNCTTQYKPFKECVGUVJCVVJGUGEQPFNKPGKUCEEGUUKDNG2TGUU
VJGMG[ň/QFʼnCPFOQFKH[VJKUNKPGKPCUKOKNCTYC[VQVJGHQNNQYKPIEQOOCPFň2TGUUWTG$CPF
ʼn
Ő 2TGUUVJGMG[ň/GPWʼn
(CPFUETQNNVQň(TKFC[ʼn

ň6JWTUFC[ʼn
ň(TKFC[ʼn
ň5CVWTFC[ʼn
ň/GPWʼn ň&GNʼn
( ( (

Ő 2TQITCOOKPIVJGEQOOCPFVQEJCPIGQXGTCVQʼnENQEMVQ2TGUUWTG$CPFKUECTTKGFQWVKPCUKOKNCT
YC[CUFGUETKDGFCDQXG
Ő 2TGUUVJGMG[ň/GPWʼn
(CPFUETQNNVQň5CVWTFC[ʼn2TQITCOOKPIVJGEQOOCPFň%QORTGUUQT
5VQRʼnKUECTTKGFQWVKPCUKOKNCTYC[CUFGUETKDGFCDQXG

#EVKXCVKPIFGCEVKXCVKPIVJGVKOGT
Ő 6JGVKOGTECPQPN[DGCEVKXCVGFKHCVNGCUVQPGUVCTVUVQREQOOCPFKURTQITCOOGF
Ő 5VCTVKPIHTQOVJG/CKPUETGGPRTGUUVJGMG[ň/GPWʼn
(
Ő 7UGCTTQYFQYPMG[
WPVKNVJGQRVKQPň/QFKH[2CTCOUʼnKUHQNNQYGFD[CJQTK\QPVCNCTTQY
Ő 2TGUUVJGVCDWNCVQTMG[
VQCEVKXCVGVJGOGPW
Ő 7UGVJGCTTQYFQYPMG[WPVKNVJGQRVKQPň%NQEM(WPEVKQPʼnKUHQNNQYGFD[CJQTK\QPVCNCTTQYRTGUUVJG
VCDWNCVQTMG[
VJGHQNNQYKPIUETGGPCRRGCTU


+PUVTWEVKQPOCPWCN

ň%NQEM(WPEVKQPʼn
ň0QV#EVKXCVGFʼn

ň/GPWʼn ň/QFʼn ň&GNʼn
( ( (

Ő 2TGUUVJGMG[ň/QFʼnň0QV#EVKXCVGFʼnUVCTVUHNCUJKPI
Ő 2TGUUVJGCTTQYFQYPMG[
ň0QV#EVKXCVGFʼnEJCPIGUVQň#EVKXCVGFʼn
Ő 2TGUUVJGMG[ň2TQIʼn

+VKUPGEGUUCT[VQRTQITCOVJGUVCTVUVQREQOOCPFUKPUWEEGUUKXGQTFGTVKOGYKUG
2TQITCOVJGEQOOCPFUHTQOň/QPFC[ʼnVKNNň5WPFC[ʼnGI
Ő 5VCTV%QORTGUUQT
Ő 2TGUUWTG$CPF
Ő 2TGUUWTG$CPF
Ő 5VQR%QORTGUUQT
/CMGUWTGVJCVVJGVKOGTHWPEVKQPKUCEVKXCVGF
ň#EVKXCVGFʼn+HPQVVJGRTQITCOOGF
UVCTVUVQREQOOCPFUYKNNPQVDGGZGEWVGF
6JGVKOGTECPDGFGCEVKXCVGFCICKP+PVJKUECUGVJGRTQITCOOGFUVCTVUVQREQOOCPFU
YKNNPQVDGGZGEWVGF
DWVTGOCKPKPVJGOGOQT[QHVJGTGIWNCVQT

/QFKH[KPICEQOOCPF
5WRRQUGVJGEQOOCPFVQUVQRVJGEQORTGUUQTQP5CVWTFC[KUVQDGOQFKHKGFKGUVQRRKPICV
Q ENQEMKPUVGCFQHQ ENQEM
Ő 5VCTVKPIHTQOVJG/CKPUETGGPRTGUUVJGMG[ň/GPWʼn
(RTGUUVJGCTTQYFQYPMG[
WPVKNVJG
QRVKQPň/QFKH[2CTCOUʼnKUHQNNQYGFD[CJQTK\QPVCNCTTQY
Ő #EVKXCVGVJGOGPWD[RTGUUKPIVJGVCDWNCVQTMG[

Ő 7UGVJGCTTQYFQYPMG[
VQUETQNNWPVKNVJGQRVKQPň%NQEM(WPEVKQPʼnKUHQNNQYGFD[CJQTK\QPVCN
CTTQY2TGUUVJGVCDWNCVQTMG[VJGHQNNQYKPIUETGGPCRRGCTU

ň%NQEM(WPEVKQPʼn
ň0QV#EVKXCVGFʼn

ň/GPWʼn ň/QFʼn ň&GNʼn
( ( (

Ő 2TGUUVJGVCDWNCVQTMG[
VJGHQNNQYKPIUETGGPCRRGCTU

ň/QPFC[ʼn
ň6WGUFC[ʼn
ň9GFPGUFC[ʼn
ň/GPWʼn ň&GNʼn
( ( (


 +PUVTWEVKQPOCPWCN

Ő 5ETQNNVJTQWIJVJGFKURNC[WPVKNň5CVWTFC[ʼnKUHQNNQYGFD[CJQTK\QPVCNCTTQY2TGUUVJGVCDWNCVQTMG[

+HPGEGUUCT[UETQNNVJTQWIJVJGEQOOCPFUWPVKNVJGEQOOCPFVQDGOQFKHKGFKUHQNNQYGFD[C
JQTK\QPVCNCTTQY2TGUUVJGMG[ň/QFʼnVJGHKTUVVYQFKIKVUQHVJGEQOOCPFUVCTVHNCUJKPI/QFKH[CU
TGSWKTGFWUKPIVJGUETQNNMG[UKGKPVJGGZCORNGCDQXGEJCPIGVQWUKPIVJGCTTQYWRMG[

Ő +HPGEGUUCT[RTGUUVJGVCDWNCVQTMG[
VQIQVQVJGPGZVHKGNFVQDGOQFKHKGFVJGOKPWVGUKPFKECVKQP
CPFVJGUVCTVUVQRRTGUUWTGDCPFKPFKECVKQP
Ő 2TGUUVJGMG[ň2TQIʼnVQRTQITCOVJGPGYEQOOCPFQTVJGMG[ň%CPEʼnVQSWKVYKVJQWVTGRTQITCOOKPI

#FFKPICEQOOCPFCVVJGGPFQHCPGZKUVKPINKUV
Ő 5VCTVKPIHTQOVJG/CKPUETGGPRTGUUVJGMG[ň/GPWʼn
(RTGUUVJGCTTQYFQYPMG[WPVKNVJGQRVKQP
ň/QFKH[2CTCOUʼnKUHQNNQYGFD[CJQTK\QPVCNCTTQY
Ő #EVKXCVGVJGOGPWD[RTGUUKPIVJGVCDWNCVQTMG[

Ő 7UGVJGCTTQYFQYPMG[
VQUETQNNWPVKNVJGQRVKQPň%NQEM(WPEVKQPʼnKUHQNNQYGFD[CJQTK\QPVCN
CTTQY2TGUUVJGVCDWNCVQTMG[VJGHQNNQYKPIUETGGPCRRGCTU

ň%NQEM(WPEVKQPʼn
ň0QV#EVKXCVGFʼn

ň/GPWʼn ň/QFʼn ň&GNʼn
( ( (

5WRRQUGVJGEQOOCPFVQUVQRVJGEQORTGUUQTCVOWUVDGCFFGFVQVJGNKUVQH/QPFC[
Ő 2TGUUVJGVCDWNCVQTMG[
VJGHQNNQYKPIUETGGPCRRGCTU

ň/QPFC[ʼn
ň6WGUFC[ʼn
ň9GFPGUFC[ʼn
ň/GPWʼn ň&GNʼn
( ( (

Ő 5ETQNNVJTQWIJVJGFKURNC[WPVKNň/QPFC[ʼnKUHQNNQYGFD[CJQTK\QPVCNCTTQY2TGUUVJGVCDWNCVQTMG[

5ETQNNVJTQWIJVJGEQORTGUUQTUVCTVUVQRRTGUUWTGDCPFEQOOCPFUWPVKNVJGHKTUVGORV[
EQOOCPFNKPGKUKPFKECVGFD[VJGJQTK\QPVCNCTTQY
Ő 2TGUUVJGMG[ň/QFʼnVJGHKTUVVYQFKIKVUUVCTVHNCUJKPI'PVGTň%QORTGUUQT5VQRʼnWUKPIVJG
UETQNNMG[U
VQOQFKH[CHKGNFCPFVJGVCDWNCVQTMG[
VQLWORHTQOQPGHKGNFVQCPQVJGT
Ő 2TGUUVJGMG[ň2TQIʼnVQRTQITCOVJGPGYEQOOCPFQTVJGMG[ň%CPEʼnVQSWKVYKVJQWVTGRTQITCOOKPI

#FFKPICEQOOCPFDGVYGGPVYQGZKUVKPIEQOOCPFU
5WRRQUGVJGEQOOCPFň2TGUUWTG$CPFʼnOWUVDGCFFGFVQVJGHQNNQYKPINKUV
Ő ň5VCTV%QORTGUUQTʼn
Ő ň2TGUUWTG$CPFʼn
Ő ň5VQR%QORTGUUQTʼn
6JGTGIWNCVQTFQGUPQVCNNQYVJGGPVGTKPIQHCPGYEQOOCPFYJKEJVKOGYKUGKUUKVWCVGFDGHQTGVJGNCUV
EQOOCPFKPVJGNKUV


+PUVTWEVKQPOCPWCN

5ETQNNVJTQWIJVJGFKURNC[WPVKNVJGEQOOCPFDGHQTGYJKEJVJGPGYEQOOCPFOWUVDGGPVGTGFKU
HQNNQYGFD[CJQTK\QPVCNCTTQY
KPVJGGZCORNGCDQXGň5VQR%QORTGUUQTʼnCPFRTGUUVJGMG[
ň/QFʼn
%JCPIGVJKUEQOOCPFVQVJGPGYEQOOCPF
KPVJGGZCORNGCDQXGň2TGUUWTG$CPFʼn
2TGUUVJGCTTQYFQYPMG[CPFCFFVJGNCUVEQOOCPFQHVJGNKUV
KPVJGGZCORNGCDQXGň5VQR
%QORTGUUQTʼnCPFRTGUUVJGMG[ň2TQIʼn

&GNGVKPICEQOOCPF
Ő 5VCTVKPIHTQOVJG/CKPUETGGPRTGUUVJGMG[/GPW
(RTGUUVJGCTTQYFQYPMG[WPVKNVJGQRVKQP
ň/QFKH[2CTCOUʼnKUHQNNQYGFD[CJQTK\QPVCNCTTQY
Ő #EVKXCVGVJGOGPWD[RTGUUKPIVJGVCDWNCVQTMG[

Ő 7UGVJGUETQNNMG[U
VQUETQNNWPVKNVJGQRVKQPň%NQEM(WPEVKQPʼnKUHQNNQYGFD[CJQTK\QPVCNCTTQY
2TGUUVJGVCDWNCVQTMG[VJGHQNNQYKPIUETGGPCRRGCTU

ň%NQEM(WPEVKQPʼn
ň0QV#EVKXCVGFʼn

ň/GPWʼn ň/QFʼn ň&GNʼn
( ( (

&GNGVKPICNNEQOOCPFU
Ő 2TGUUVJGMG[ň&GNʼnKPVJGUETGGPCDQXG#SWGUVKQPVQEQPHKTOVJGFGNGVKPIQRGTCVKQPYKNNCRRGCT
&GNGVKPICNNEQOOCPFUQHCURGEKHKEFC[
Ő 5ETQNNVJTQWIJVJGFKURNC[WPVKNVJGFGUKTGFFC[KUHQNNQYGFD[CJQTK\QPVCNCTTQY2TGUUVJGMG[ň&GNʼn
CSWGUVKQPVQEQPHKTOVJGFGNGVKPIQRGTCVKQPYKNNCRRGCT
&GNGVKPICURGEKHKEEQOOCPF
Ő 5ETQNNVJTQWIJVJGFKURNC[WPVKNVJGEQOOCPFVQDGFGNGVGFKUHQNNQYGFD[CJQTK\QPVCNCTTQY2TGUU
VJGMG[ň&GNʼnCSWGUVKQPVQEQPHKTOVJGFGNGVKPIQRGTCVKQPYKNNCRRGCT

 /QFKH[KPIEQPHKIWTCVKQPUGVVKPIU

%QPVTQNRCPGN

(WPEVKQP
6QOQFKH[CPWODGTQHRCTCOGVGTU%QPUWNVVJGOGPWHNQYKPUGEVKQP%QPVTQNRTQITCOU


 +PUVTWEVKQPOCPWCN

2TQEGFWTG
5VCTVKPIHTQOVJG/CKPUETGGP
UGG/CKPUETGGPOGPW
Ő 2TGUUVJGMG[ň/GPWʼn
(
Ő 2TGUUVJGCTTQYFQYPMG[
WPVKNň/QFKH[2CTCOUʼnKUHQNNQYGFD[CPCTTQYRQKPVKPIVQVJGTKIJV
Ő #EVKXCVGVJGOGPWD[RTGUUKPIVCDWNCVQTMG[

Ő 2TGUUVJGCTTQYFQYPMG[
VQUETQNNWPVKNň%QPHKIWTCVKQPʼnKUHQNNQYGFD[CJQTK\QPVCNCTTQY
Ő #EVKXCVGVJGOGPWD[RTGUUKPIVCDWNCVQTMG[
VJGHKTUVKVGOň6KOGʼnYKNNCRRGCT+HCPQVJGTQRVKQPKU
FGUKTGFUETQNNVJTQWIJVJGFKURNC[WPVKNVJGQRVKQPKUHQNNQYGFD[CJQTK\QPVCNCTTQY5GNGEVVJGQRVKQP
D[RTGUUKPIVJGVCDWNCVQTMG[

Ő (QTVJGQRVKQPň6KOGʼnVJGUGEQPFNKPGQPVJGUETGGPKPFKECVGUVJGCEVWCNUGVVKPIGIňʼn6Q
OQFKH[VJKUUGVVKPIRTGUUVJGMG[ň/QFʼn
(VJGHKTUVHKGNFňʼnYKNNHNCUJ
Ő 7UGVJGUETQNNMG[U
VQEJCPIGVJGUGVVKPIVJGPRTGUUVJGVCDWNCVQTMG[
VQIQVQVJGPGZVHKGNF
ňʼn6JGUGVVKPIQHVJKUHKGNFECPPQYDGOQFKHKGFWUKPIVJGUETQNNMG[U

Ő 2TGUUVJGMG[ň2TQIʼn
(VQRTQITCOVJGPGYXCNWGQTVJGMG[ň%CPEʼn
(VQECPEGNVJGOQFKHKECVKQP
QRGTCVKQP
VJGQTKIKPCNXCNWGYKNNDGTGVCKPGF
Ő 6JGRTQEGFWTGVQOQFKH[QVJGTRCTCOGVGTUKUUKOKNCT

 2TQITCOOKPIEQORTGUUQTEQPVTQNOQFGU

%QPVTQNRCPGN

%QORTGUUQTEQPVTQNOQFGU
6JGEQORTGUUQTECPDGEQPVTQNNGFNQECNN[TGOQVGN[QTXKCCNQECNCTGCPGVYQTM
.#0

2TQEGFWTG
5VCTVKPIHTQOVJG/CKPUETGGP
UGG/CKPUETGGPOGPW
Ő 2TGUUVJGMG[ň/GPWʼn
(
Ő 2TGUUVJGCTTQYFQYPMG[
WPVKNň/QFKH[2CTCOUʼnKUHQNNQYGFD[CPCTTQYRQKPVKPIVQVJGTKIJV
Ő #EVKXCVGVJGOGPWD[RTGUUKPIVCDWNCVQTMG[

Ő 2TGUUVJGCTTQYFQYPMG[
VQUETQNNWPVKNň%QPHKIWTCVKQPʼnKUHQNNQYGFD[CJQTK\QPVCNCTTQY
Ő #EVKXCVGVJGOGPWD[RTGUUKPIVCDWNCVQTMG[
VJGHKTUVKVGOň6KOGʼnYKNNCRRGCT5ETQNNVJTQWIJVJG
FKURNC[WUKPIVJGUETQNNMG[U
WPVKNVJGQRVKQPň%%/ʼnKUHQNNQYGFD[CJQTK\QPVCNCTTQYCPFUGNGEV
KVWUKPIVJGVCDWNCVQTMG[
6JGHQNNQYKPIUETGGPKUUJQYP


+PUVTWEVKQPOCPWCN

ň%%/ʼn
ň.QECN%QPVTQNʼn

ň/GPWʼn ň/QFʼn
( ( (

Ő 2TGUUVJGMG[ň/QFʼnCPFWUGVJGUETQNNMG[U
VQUGNGEVVJGFGUKTGFEQPVTQNOQFG2TGUUVJGMG[
ň2TQIʼnVQRTQITCOQTVJGMG[ň%CPEʼnVQECPEGNVJGOQFKHKECVKQP

 5GTXKEGOGPW

%QPVTQNRCPGN

(WPEVKQP
Ő 6QTGUGVVJGUGTXKEGRNCPUYJKEJCTGECTTKGFQWV
Ő 6QEJGEMYJGPVJGPGZVUGTXKEGRNCPUCTGVQDGECTTKGFQWV
Ő 6QHKPFQWVYJKEJUGTXKEGRNCPUYGTGECTTKGFQWVRTGXKQWUN[

5GTXKEGRNCPU
#PWODGTQHUGTXKEGQRGTCVKQPUCTGITQWRGF
ECNNGF.GXGN#.GXGN$GVE'CEJNGXGNUVCPFUHQTC
PWODGTQHUGTXKEGCEVKQPUVQDGECTTKGFQWVCVVJGVKOGKPVGTXCNURTQITCOOGFKPVJG'NGMVTQPKMQP
TGIWNCVQT
9JGPCUGTXKEGRNCPKPVGTXCNKUTGCEJGFCOGUUCIGYKNNCRRGCTQPVJGUETGGPUGGUGEVKQP5VCVWUFCVC
#HVGTECTT[KPIQWVVJGUGTXKEGCEVKQPUTGNCVGFVQVJGKPFKECVGFNGXGNUVJGVKOGTUOWUVDGTGUGV

'ZCORNG

5GTXKEGRNCPU +PVGTXCNU
5GTXKEGRNCP# 'XGT[TWPPKPIJQWTU
5GTXKEGRNCP$ 'XGT[TWPPKPIJQWTU
5GTXKEGRNCP% 'XGT[TWPPKPIJQWTU
5GTXKEGRNCP& 'XGT[TWPPKPIJQWTU


 +PUVTWEVKQPOCPWCN

4GUWNVKPIUGTXKEGCEVKQPUCEEQTFKPIVQ #V
5GTXKEGRNCP#CPF$ TWPPKPIJQWTU
5GTXKEGRNCP#$CPF% TWPPKPIJQWTU
5GTXKEGRNCP#CPF$ TWPPKPIJQWTU
5GTXKEGRNCP#$CPF% TWPPKPIJQWTU
 

2TQEGFWTG
5VCTVKPIHTQOVJG/CKPUETGGP
UGG/CKPUETGGPOGPW
Ő 2TGUUVJGMG[ň/GPWʼn
(
Ő 2TGUUVJGCTTQYFQYPMG[
WPVKNň5GTXKEGʼnKUHQNNQYGFD[CJQTK\QPVCNCTTQY
Ő #EVKXCVGVJGOGPWD[RTGUUKPIVCDWNCVQTMG[

Ő #UETGGPUKOKNCTVQVJGQPGDGNQYCRRGCTU

ň5GTXKEG6KOGTʼn
ň4WPPKPI*QWTUʼn
ňJTUʼn 
ň/GPWʼn
( ( (

Ő 6JGUETGGPUJQYUVJCVVJGVQVCNEQORTGUUQTTWPPKPIVKOGKUJQWTU
Ő 2TGUUVJGVCDWNCVQTMG[
VJGHQNNQYKPIUETGGPCRRGCTU

ň0GZV6KOGTʼn
ň.GXGNʼn #$%
ňJTUʼn 
ň$CEMʼn ň4UGVʼn
( ( (

Ő 6JGUETGGPUJQYUVJCVVJGPGZVUGTXKEGRNCPUVQDGECTTKGFQWVCTGRNCPU#$CPF%CPFVJCVVJGUG
RNCPUCTGVQDGECTTKGFQWVGXGT[TWPPKPIJQWTU
Ő 2TGUUVJGCTTQYFQYPMG[
VQHKPFQWVYJKEJUGTXKEGRNCPUYGTGECTTKGFQWVRTGXKQWUN[VJG
HQNNQYKPIUETGGPCRRGCTU

ň2TGXKQWU6KOGTʼn
ň.GXGNʼn #$
ňJTUʼn 

( ( (

Ő 6JGUETGGPUJQYUVJCVUGTXKEGRNCPU#CPF$YGTGECTTKGFQWVCVTWPPKPIJQWTU
Ő 5VQRVJGEQORTGUUQTUYKVEJQHHVJGXQNVCIGCPFECTT[QWVVJGUGTXKEGQRGTCVKQPUTGNCVGFVQRNCPU#
$CPF%UGGUGEVKQP2TGXGPVKXGOCKPVGPCPEGUEJGFWNG
Ő 5YKVEJQPVJGXQNVCIGCPFUETQNNVQVJGň0GZV6KOGTʼnUGTXKEGUETGGP


+PUVTWEVKQPOCPWCN

Ő 2TGUUVJGň4UGVʼnDWVVQP
(%QPHKTOVJGSWGUVKQPHQTTGUGVVKPI

6JGň4UGVʼnDWVVQPQPN[CRRGCTUYJGPVJGň0GZV6KOGTʼnNGXGNKUCNOQUVTGCEJGF

#HVGTRTGUUKPIVJGCTTQYFQYPMG[KPVJGň5GTXKEG6KOGTʼnUETGGPVJGň.KHG6KOGʼnJQWTU
CTGUJQYPKGVJGPWODGTQHJQWTUGNCRUGFUKPEGKPKVKCNRTQITCOOKPIGZHCEVQT[6JKU
VKOGTKUPQVVCMGPKPVQCEEQWPV

 5CXGFFCVCOGPW

%QPVTQNRCPGN

(WPEVKQP
6QECNNWRUQOGEQORTGUUQTFCVCUCXGFD[VJGTGIWNCVQT6JGUGFCVCCTG
Ő .CUVUJWVFQYPFCVC
Ő .CUVGOGTIGPE[UVQRFCVC

2TQEGFWTG
5VCTVKPIHTQOVJG/CKPUETGGP
Ő 2TGUUVJGMG[ň/GPWʼn
(
Ő 2TGUUVJGCTTQYFQYPMG[
WPVKNVJGQRVKQPň5CXGF&CVCʼnKUHQNNQYGFD[CJQTK\QPVCNCTTQY
Ő 2TGUUVJGVCDWNCVQTMG[
VQCEVKXCVGVJGOGPW
Ő 6JGNKUVQHNCUVUJWVFQYPCPFGOGTIGPE[UVQRECUGUKUUJQYP
Ő 5ETQNNVJTQWIJVJGKVGOUVQUGNGEVVJGFGUKTGFUJWVFQYPQTGOGTIGPE[UVQRKVGO
Ő 2TGUUVCDWNCVQTMG[
VQHKPFVJGFCVGVKOGCPFQVJGTFCVCTGHNGEVKPIVJGUVCVWUQHVJGEQORTGUUQT
YJGPVJGNCUVUJWVFQYPQEEWTTGF


 +PUVTWEVKQPOCPWCN

 2TQITCOOCDNGUGVVKPIU

2CTCOGVGTUWPNQCFKPINQCFKPIRTGUUWTGUHQT)#9QTMRNCEG

/KPKOWO (CEVQT[ /CZKOWO

UGVVKPI UGVVKPI UGVVKPI
7PNQCFKPIRTGUUWTGU
7PNQCFKPIRTGUUWTG
DCT DCT
G   
EQORTGUUQTU
7PNQCFKPIRTGUUWTG
DCT RUKI   
EQORTGUUQTU
7PNQCFKPIRTGUUWTG
DCTEQORTGUUQTU DCT
G   
7PNQCFKPIRTGUUWTG
DCTEQORTGUUQTU RUKI   
7PNQCFKPIRTGUUWTG
DCTEQORTGUUQTU DCT
G   
7PNQCFKPIRTGUUWTG
DCTEQORTGUUQTU RUKI   
7PNQCFKPIRTGUUWTG
RUK DCT
G   
EQORTGUUQTU
7PNQCFKPIRTGUUWTG
RUK RUKI   
EQORTGUUQTU
7PNQCFKPIRTGUUWTG
RUK DCT
G   
EQORTGUUQTU
7PNQCFKPIRTGUUWTG
RUK RUKI   
EQORTGUUQTU
7PNQCFKPIRTGUUWTG
RUK DCT
G   
EQORTGUUQTU
7PNQCFKPIRTGUUWTG
RUK RUKI   
EQORTGUUQTU
7PNQCFKPIRTGUUWTG
RUK DCT
G   
EQORTGUUQTU
7PNQCFKPIRTGUUWTG
RUK RUKI   
EQORTGUUQTU
.QCFKPIRTGUUWTGU
.QCFKPIRTGUUWTG
DCTEQORTGUUQTU DCT
G   
.QCFKPIRTGUUWTG
DCTEQORTGUUQTU RUKI   
.QCFKPIRTGUUWTG
DCTEQORTGUUQTU DCT
G   
.QCFKPIRTGUUWTG
DCTEQORTGUUQTU RUKI   
.QCFKPIRTGUUWTG
DCTEQORTGUUQTU DCT
G   
.QCFKPIRTGUUWTG
DCTEQORTGUUQTU RUKI   
.QCFKPIRTGUUWTG
RUKEQORTGUUQTU DCT
G   
.QCFKPIRTGUUWTG
RUKEQORTGUUQTU RUKI   
.QCFKPIRTGUUWTG
RUKEQORTGUUQTU DCT
G   


+PUVTWEVKQPOCPWCN

/KPKOWO (CEVQT[ /CZKOWO

UGVVKPI UGVVKPI UGVVKPI
.QCFKPIRTGUUWTG
RUKEQORTGUUQTU RUKI   
.QCFKPIRTGUUWTG
RUKEQORTGUUQTU DCT
G   
.QCFKPIRTGUUWTG
RUKEQORTGUUQTU RUKI   
.QCFKPIRTGUUWTG
RUKEQORTGUUQTU DCT
G   
.QCFKPIRTGUUWTG
RUKEQORTGUUQTU RUKI   

2CTCOGVGTUWPNQCFKPINQCFKPIRTGUUWTGUHQT)#9QTMRNCEG((YKVJ+(&

/KPKOWO (CEVQT[ /CZKOWO

UGVVKPI UGVVKPI UGVVKPI
7PNQCFKPIRTGUUWTGU
7PNQCFKPIRTGUUWTG
DCT DCT
G   
EQORTGUUQTU
7PNQCFKPIRTGUUWTG
DCT RUKI   
EQORTGUUQTU
7PNQCFKPIRTGUUWTG
DCTEQORTGUUQTU DCT
G   
7PNQCFKPIRTGUUWTG
DCTEQORTGUUQTU RUKI   
7PNQCFKPIRTGUUWTG
DCTEQORTGUUQTU DCT
G   
7PNQCFKPIRTGUUWTG
DCTEQORTGUUQTU RUKI   
7PNQCFKPIRTGUUWTG
RUK DCT
G   
EQORTGUUQTU
7PNQCFKPIRTGUUWTG
RUK RUKI   
EQORTGUUQTU
7PNQCFKPIRTGUUWTG
RUK DCT
G   
EQORTGUUQTU
7PNQCFKPIRTGUUWTG
RUK RUKI   
EQORTGUUQTU
7PNQCFKPIRTGUUWTG
RUK DCT
G   
EQORTGUUQTU
7PNQCFKPIRTGUUWTG
RUK RUKI   
EQORTGUUQTU
7PNQCFKPIRTGUUWTG
RUK DCT
G   
EQORTGUUQTU
7PNQCFKPIRTGUUWTG
RUK RUKI   
EQORTGUUQTU
.QCFKPIRTGUUWTGU
.QCFKPIRTGUUWTG
DCTEQORTGUUQTU DCT
G   
.QCFKPIRTGUUWTG
DCTEQORTGUUQTU RUKI   
.QCFKPIRTGUUWTG
DCTEQORTGUUQTU DCT
G   
.QCFKPIRTGUUWTG
DCTEQORTGUUQTU RUKI   
.QCFKPIRTGUUWTG
DCTEQORTGUUQTU DCT
G   
.QCFKPIRTGUUWTG
DCTEQORTGUUQTU RUKI   
.QCFKPIRTGUUWTG
RUKEQORTGUUQTU DCT
G   


 +PUVTWEVKQPOCPWCN

/KPKOWO (CEVQT[ /CZKOWO

UGVVKPI UGVVKPI UGVVKPI
.QCFKPIRTGUUWTG
RUKEQORTGUUQTU RUKI   
.QCFKPIRTGUUWTG
RUKEQORTGUUQTU DCT
G   
.QCFKPIRTGUUWTG
RUKEQORTGUUQTU RUKI   
.QCFKPIRTGUUWTG
RUKEQORTGUUQTU DCT
G   
.QCFKPIRTGUUWTG
RUKEQORTGUUQTU RUKI   
.QCFKPIRTGUUWTG
RUKEQORTGUUQTU DCT
G   
.QCFKPIRTGUUWTG
RUKEQORTGUUQTU RUKI   

2CTCOGVGTU

/KPKOWO (CEVQT[ /CZKOWO

UGVVKPI UGVVKPI UGVVKPI
/QVQTTWPPKPIVKOGKPUVCT UGE   
.QCFFGNC[VKOG
UVCTFGNVC UGE   
0WODGTQHOQVQTUVCTVU UVCTVUFC[   
/KPKOWOUVQRVKOG UGE  
2TQITCOOGFUVQRVKOG UGE   
2QYGTTGEQXGT[VKOG
#4#8( UGE   
4GUVCTVFGNC[ UGE   
%QOOWPKECVKQPVKOGQWV UGE   

2TQVGEVKQPU

/KPKOWO (CEVQT[ /CZKOWO

UGVVKPI UGVVKPI UGVVKPI
%QORTGUUQTGNGOGPVQWVNGVVGORGTCVWTG u%  

UJWVFQYPYCTPKPINGXGN
%QORTGUUQTGNGOGPVQWVNGVVGORGTCVWTG u(  

UJWVFQYPYCTPKPINGXGN
%QORTGUUQTGNGOGPVQWVNGVVGORGTCVWTG u%   

UJWVFQYPNGXGN
%QORTGUUQTGNGOGPVQWVNGVVGORGTCVWTG u(   

UJWVFQYPNGXGN

(QT)#WRVQ)#% /KPKOWO (CEVQT[ /CZKOWO

UGVVKPI UGVVKPI UGVVKPI
1KNUGRCTCVQT
RTGUUWTGFKHHGTGPEG DCT  
1KNUGRCTCVQT
RTGUUWTGFKHHGTGPEG RUK  
1KNUGRCTCVQT
FGNC[CVUKIPCN UGE   


+PUVTWEVKQPOCPWCN

(QT(WNN(GCVWTGEQORTGUUQTUYKVJ+(& /KPKOWO (CEVQT[ /CZKOWO

CNUQ UGVVKPI UGVVKPI UGVVKPI
&GNC[CVUKIPCN UGE   
&GNC[CVUVCTVKPI UGE   

5GTXKEGRNCP
#NUQUGGUGEVKQP2TGXGPVKXGOCKPVGPCPEGUEJGFWNG
%QPUWNV#VNCU%QREQKHCVKOGTUGVVKPIJCUVQDGEJCPIGF6JGKPVGTXCNUOWUVPQVGZEGGFVJGPQOKPCN
KPVGTXCNUCPFOWUVEQKPEKFGNQIKECNN[5GGUGEVKQP/QFKH[KPIUGTXKEGRNCPU

/KPKOWO (CEVQT[ /CZKOWO

UGVVKPI UGVVKPI UGVVKPI
5GTXKEGRNCP#
QRGTCVKPIJQWTU JT 
5GTXKEGRNCP$
QRGTCVKPIJQWTU JT 
5GTXKEGRNCP%
QRGTCVKPIJQWTU JT 

6GTOKPQNQI[

6GTO 'ZRNCPCVKQP
#4#8( #WVQOCVKETGUVCTVCHVGTXQNVCIGHCKNWTG5GGUGEVKQP'NGMVTQPKMQPTGIWNCVQT++
%QORTGUUQT 6JGTGIWNCVQTFQGUPQVCEEGRVKNNQIKECNUGVVKPIUGIKHVJGYCTPKPINGXGNKU
GNGOGPVQWVNGV RTQITCOOGFCVu%u(VJGOKPKOWONKOKVHQTVJGUJWVFQYPNGXGNEJCPIGU
VQu%u(6JGTGEQOOGPFGFFKHHGTGPEGDGVYGGPVJGYCTPKPINGXGNCPF
UJWVFQYPNGXGNKUu%u(
&GNC[CVUJWV +UVJGVKOGHQTYJKEJVJGUKIPCNOWUVGZKUVDGHQTGVJGEQORTGUUQTKUUJWVFQYP+HKV
FQYPUKIPCN KUTGSWKTGFVQRTQITCOVJKUUGVVKPIVQCPQVJGTXCNWGEQPUWNV#VNCU%QREQ
1KNUGRCTCVQT 7UG#VNCU%QREQQKNUGRCTCVQTU6JGTGEQOOGPFGFOCZKOWORTGUUWTGFKHHGTGPEGKU
DCTRUK
2QYGTTGEQXGT[ +UVJGRGTKQFYKVJKPYJKEJVJGXQNVCIGOWUVDGTGUVQTGFVQJCXGCPCWVQOCVKE
VKOG TGUVCTV+UCEEGUUKDNGKHVJGCWVQOCVKETGUVCTVKUCEVKXCVGF5GG'NGMVTQPKMQP++
TGIWNCVQT6QCEVKXCVGVJGCWVQOCVKETGUVCTVHWPEVKQPEQPUWNV#VNCU%QREQ
/KPKOWOUVQR 1PEGVJGEQORTGUUQTJCUCWVQOCVKECNN[UVQRRGFKVYKNNTGOCKPUVQRRGFHQTVJG
VKOG OKPKOWOUVQRVKOG
CRRTQZUGEQPFUYJCVGXGTJCRRGPUYKVJVJGPGVCKT
RTGUUWTG%QPUWNV#VNCU%QREQKHCUGVVKPINQYGTVJCPUGEQPFUKUTGSWKTGF
7PNQCFKPI 6JGTGIWNCVQTFQGUPQVCEEGRVKNNQIKECNUGVVKPIUGIKHVJGWPNQCFKPIRTGUUWTGKU
.QCFKPI RTQITCOOGFCVDCT
GRUKIVJGOCZKOWONKOKVHQTVJGNQCFKPIRTGUUWTG
RTGUUWTG EJCPIGUVQDCT
GRUKI6JGTGEQOOGPFGFOKPKOWORTGUUWTGFKHHGTGPEG
DGVYGGPNQCFKPICPFWPNQCFKPIKUDCTRUKI


 +PUVTWEVKQPOCPWCN

 15&QKNEQPFGPUCVGUGRCTCVQT

 15&WPKV

1KNEQPFGPUCVGUGRCTCVQTU
%QORTGUUGFCKTNGCXKPIQKNKPLGEVGFEQORTGUUQTUEQPVCKPUQKN&WTKPIEQQNKPIQHVJKUCKTQKNEQPVCKPKPI
EQPFGPUCVGKUHQTOGF15&CTGFGUKIPGFVQUGRCTCVGVJGOCLQTRCTVQHVJKUQKNHTQOVJGEQPFGPUCVGCPF
VQECVEJVJGQKNKPCEQNNGEVQT6JGEQPFGPUCVGOGGVUVJGTGSWKTGOGPVUQHVJGGPXKTQPOGPVCNEQFGU

)GPGTCNXKGYQH15&V[RKECNGZCORNG

4GHGTGPEG &GUKIPCVKQP
 8GUUGN
 2TGUUWTGICWIGHKNVGT
 1KNHKNVGT
 1KNEQNNGEVQT
 %QPFGPUCVGKPNGV
 &RQHHKNVGT
 %NGCPEQPFGPUCVGQWVNGV
 1KNQWVNGV
 %QXGT


+PUVTWEVKQPOCPWCN

1RGTCVKQPQH15&
%QPFGPUCVGEQPVCKPKPIHKPGQKNFTQRNGVUHNQYUXKCUVTCKPGT
VJTQWIJHKNVGT
KPYJKEJVJGFTQRNGVU
EQCNGUEGKPVQNCTIGTFTQRU6JKUQKNKUNGFVQYCVGTXGUUGN
YJGTGVJGQKNTKUGUFWGVQVJGFKHHGTGPEGKP
URGEKHKEOCUU6JGXGUUGNKURTQXKFGFYKVJVYQUGRCTCVGFQWVNGVUQPGHQTEQPFGPUCVG
YJKEJKUNGF
QWVUKFGVJGDQF[YQTMCPFQPGHQTVJGUGRCTCVGFQKN
YJKEJKUECWIJVKPEQNNGEVQT


 +PUVCNNCVKQP

.QECVKQPQH15&

%QPFGPUCVGFTCKPU

2TQEGFWTG
 5VQRVJGEQORTGUUQTCPFENQUGVJGCKTQWVNGVXCNXG5YKVEJQHHVJGXQNVCIG&GRTGUUWTK\GVJGCKT
QWVNGVU[UVGOD[QRGPKPIOCPWCNEQPFGPUCVGFTCKPXCNXG
&OUGGUGEVKQP+PVTQFWEVKQPHQTVJG
RQUKVKQPQHVJGFTCKPXCNXG
 .QQUGPVJGEQPFGPUCVGFTCKPVWDGQHVJGEQORTGUUQTEQPFGPUCVGVTCRHTQOKVUEQWRNKPI
&C
 2QUKVKQPVJGUGRCTCVQTMKVCUUJQYPCPFHKZKVYKVJDQNVU

 (KZUWRRQTV
YKVJDQNV
U

 %QPPGEVVJGNQQUGFTCKPVWDGHTQOEQPFGPUCVGFTCKP
&CVQUVTCKPGT
QHVJG15&UGRCTCVQT
 6JGDQF[YQTMQHVJGEQORTGUUQTKURTQXKFGFYKVJCRNWIIGFJQNG
&E4GOQXGVJKURNWICPFKPUVCNN
VJGEQWRNKPIUFGNKXGTGFYKVJVJGUGRCTCVQTMKV
%QPPGEVYCVGTVWDG
VQVJGTGCTUKFGQHEQWRNKPI
&E.GCFVJGEQPFGPUCVGQWVNGVHNGZKDNGHTQO
EQWRNKPI
&EVQYCTFUVJGEQPFGPUCVGFTCKPU[UVGO
 4GOQXGVJGEQXGT
CPFHKNNXGUUGN
YKVJYCVGTWPVKNVJGYCVGTHNQYUVJTQWIJVJGYCVGTQWVNGV
QHVJG15&
4GKPUVCNNVJGEQXGT


 +PUVTWEVKQPOCPWCN

 1RGTCVKPICPFOCKPVGPCPEGKPUVTWEVKQPU

5CHGV[RTGECWVKQPU

$GHQTGECTT[KPIQWVCP[OCKPVGPCPEGTGRCKTYQTMQTCFLWUVOGPVURTQEGGFCU
HQNNQYU
Ő 5VQRVJGEQORTGUUQT
Ő 2TGUUVJGGOGTIGPE[UVQRDWVVQP
Ő 5YKVEJQHHVJGXQNVCIG
Ő %NQUGVJGCKTQWVNGVXCNXGCPFQRGPKHRTQXKFGFVJGOCPWCNEQPFGPUCVGFTCKP
XCNXG
Ő &GRTGUUWTK\GVJGEQORTGUUQT
(QTFGVCKNGFKPUVTWEVKQPUUGG2TQDNGOUQNXKPI
6JGQRGTCVQTOWUVCRRN[CNNTGNGXCPV5CHGV[RTGECWVKQPU

1RGTCVKPIKPUVTWEVKQPU

+PUKFGQH15&

Ő $GHQTGUVCTVKPIEJGEMVJCVXGUUGN
KUHKNNGF+HPGEGUUCT[IGPVN[RQWTYCVGTKPVQHKNNGTRKRG
WPVKN
KVHNQYUVJTQWIJVWDG
4GKPUVCNNVJGEQXGT
Ő &WTKPIQRGTCVKQPQHVJGEQORTGUUQTCPQKNNC[GTKUDWKNVWRCDQXGVJGYCVGTNGXGNKPXGUUGN

&GRGPFKPIQPVJGECRCEKV[QHVJGEQORTGUUQTCPFKVUQRGTCVKQPE[ENGVJGJWOKFKV[QHVJGKPNGVCKTCPF
VJGQKNEQPVGPVQHVJGEQORTGUUGFCKTKVOC[VCMGUGXGTCNYGGMUQTOQPVJUDGHQTGCPQKNNGXGNKU
QDUGTXGFKPEQNNGEVQT

Ő 4GIWNCTN[EJGEMVJCVXGUUGN
KUHKNNGF+HPGEGUUCT[IGPVN[RQWTYCVGTKPVQHKNNGTRKRG
WPVKNKV
HNQYUVJTQWIJVWDG
-GGRVJGEQXGTKPUVCNNGF

%QPFGPUCVGFTCKPU

/CKPVGPCPEGKPUVTWEVKQPU
%QPUWNVUGEVKQP15&WPKVHQTVJGTGHGTGPEGU


+PUVTWEVKQPOCPWCN

+PVGTXCN 4WPPKPIJQWTU 1RGTCVKQP

9GGMN[  %JGEMRTGUUWTGICWIG
+HVJGRTGUUWTGTGCEJGUDCT
G

RUKIQTGXGT[QRGTCVKPIJQWTUTGRNCEGHKNVGT
7PUETGY
VJGHKNVGT(KNNVJGPGYHKNVGTYKVJYCVGTNKIJVN[QKNKVUICUMGV
UETGYKVQPCPFVKIJVGPD[JCPF
CRRTQZJCNHCVWTP%JGEM
UVTCKPGT
KHPGEGUUCT[ENGCPKV
/QPVJN[  %JGEMVJGQKNNGXGNKPEQNNGEVQT
+HPGCTN[HWNNFKUEQPPGEVQKN
VWDG
CPFFGNKXGTVJGQKNVQVJGNQECNQKNEQNNGEVKQPUGTXKEG
4GKPUVCNNCPGORV[EQNNGEVQT

 2KEVQITCRJU

2KEVQITCRJUUJQYPQP15&

4GHGTGPEG &GUETKRVKQP
 1KN
 1KNQWVNGV
 %QPFGPUCVGQWVNGV
 2TGUUWTG
 +PNGV
 5GTXKEGRQKPVFTCKP
 5GRCTCVQTKPNGVRTGUUWTG
 1KNICUMGVUETGYQPHKNVGTCPFVKIJVGPD[JCPF
CRRTQZJCNHCVWTP
 %QPUWNVKPUVTWEVKQPNGCHNGVDGHQTGOCKPVGPCPEGQTTGRCKT


 +PUVTWEVKQPOCPWCN

 'PGTI[TGEQXGT[

 'PGTI[TGEQXGT[WPKV

&GUETKRVKQP
6JGGPGTI[TGSWKTGFKPCP[EQORTGUUKQPRTQEGUUKUVTCPUHQTOGFKPVQJGCV(QT)#QKNKPLGEVGFUETGY
EQORTGUUQTUVJGOCLQTRCTVQHVJGEQORTGUUKQPJGCVKUFKUUKRCVGFVJTQWIJVJGQKNU[UVGO6JG#VNCU
%QREQGPGTI[TGEQXGT[U[UVGOUCTGFGUKIPGFVQTGEQXGTOQUVQHVJGCDQXGOGPVKQPGFJGCVKPVJGHQTO
QHYCTOQTJQVYCVGTYKVJQWVCP[CFXGTUGKPHNWGPEGQPVJGEQORTGUUQTRGTHQTOCPEG

%QORQPGPVU
6JGGPGTI[TGEQXGT[U[UVGOUOCKPN[EQORTKUG
Ő 1KNYCVGTJGCVGZEJCPIGT
U
Ő 5GNGEVQTXCNXG
U[UVGOKPNKPGKUQNCVGF
8YKVJJCPFNG
Ő 6JGTOQUVCVKED[RCUUXCNXGHQTGPGTI[TGEQXGT[JGCVGZEJCPIGT
U
$8
Ő 6YQVGORGTCVWTGUGPUQTU
CPF
Ő 6JGPGEGUUCT[DQNVUHNGZKDNGUGVE
6JGGPGTI[TGEQXGT[U[UVGOUCNUQKPENWFGKPUGTVUHQTVJGD[RCUUXCNXG
$8UGGUGEVKQP1RGTCVKQPQH
VJGEQORTGUUQTQKNEQQNGT

'PGTI[TGEQXGT[WPKV

'PGTI[TGEQXGT[WPKV


+PUVTWEVKQPOCPWCN

4GHGTGPEG &GUKIPCVKQP
 9CVGTKPNGVRKRG
 9CVGTQWVNGVRKRG
 6GORGTCVWTGUGPUQTYCVGTKPNGVRKRG
 6GORGTCVWTGUGPUQTYCVGTQWVNGVRKRG
 1KNFTCKPRNWI
 1KNHNGZKDNGHTQOEQORTGUUQTCKTTGEGKXGT
 (NGZKDNGVQD[RCUUXCNXG
$8
 2KEVQITCRJUYKVEJQHHVJGXQNVCIGCPFFGRTGUUWTK\GVJGEQORTGUUQTYKVJVJGGPGTI[
TGEQXGT[UGNGEVQTXCNXGDGHQTGUVCTVKPIOCKPVGPCPEGQTTGRCKT
$8 *GCVGZEJCPIGTD[RCUUXCNXG
*' *GCVGZEJCPIGT
8 5GNGEVQTXCNXG

+PUVCNNCVKQP
6JGOCKPEQORQPGPVUCTGCUUGODNGFGZHCEVQT[CUCEQORCEVWPKVYJKEJHKVUKPUKFGVJGDQF[YQTMQHVJG
EQORTGUUQT%QPUWNV#VNCU%QREQHQTKPUVCNNKPICPFEQPPGEVKPIVJGGPGTI[TGEQXGT[WPKV

 'PGTI[TGEQXGT[U[UVGOU

)GPGTCN
6JGGPGTI[TGEQXGT[U[UVGOUECPDGCRRNKGFCUNQYVGORGTCVWTGTKUGJKIJYCVGTHNQYU[UVGOUQTCUJKIJ
VGORGTCVWTGTKUGNQYYCVGTHNQYU[UVGOU

.QYVGORGTCVWTGTKUGJKIJYCVGTHNQY
ENQUGFYCVGTTGEQXGT[U[UVGOU
(QTVJKUV[RGQHCRRNKECVKQPVJGVGORGTCVWTGFKHHGTGPEGDGVYGGPVJGYCVGTKPVJGGPGTI[TGEQXGT[
U[UVGOCPFVJGEQORTGUUQTQKNKUNQY6JGTGHQTGCJKIJYCVGTHNQYKUPGGFGFHQTOCZKOWOGPGTI[
TGEQXGT[
'ZCORNG6JGJGCVGFYCVGTKUWUGFVQMGGRCPQVJGTOGFKWOCVCOQFGTCVGN[JKIJVGORGTCVWTGKPC
ENQUGFEKTEWKVGIEGPVTCNJGCVKPI

*KIJVGORGTCVWTGTKUGNQYYCVGTHNQY
QRGPYCVGTTGEQXGT[U[UVGOU
(QTVJKUV[RGQHCRRNKECVKQPCJKIJYCVGTVGORGTCVWTGTKUGKPVJGGPGTI[TGEQXGT[U[UVGOKUQDVCKPGF
YJKEJEQPUGSWGPVN[DTKPIUQPCNQYHNQYTCVG
'ZCORNG#PQRGPEKTEWKVYJGTGEQNFYCVGTHTQOCOCKPUWRRN[KUJGCVGFD[VJGGPGTI[TGEQXGT[U[UVGO
HQTWUGKPVJGHCEVQT[GIRTGJGCVKPIQHDQKNGTHGGFYCVGT

4GEQXGT[YCVGTHNQY
(QTVJGTGHGTGPEGUUGGUGEVKQP'PGTI[TGEQXGT[WPKV
6JGTGEQXGT[YCVGTGPVGTUVJGWPKVCVKPNGVEQPPGEVKQP
+PJGCVGZEJCPIGT
*'VJGEQORTGUUKQPJGCV
KUVTCPUHGTTGFHTQOVJGEQORTGUUQTQKNVQVJGYCVGT6JGYCVGTNGCXGUJGCVGZEJCPIGT
*'XKCQWVNGV
EQPPGEVKQP



 +PUVTWEVKQPOCPWCN

4GEQXGT[YCVGTTGSWKTGOGPVUHQTENQUGFYCVGTEKTEWKVU
6JGWUGQHCENQUGFTGEKTEWNCVKPIYCVGTEKTEWKVOKPKOKUGUOCMGWRYCVGTTGSWKTGOGPVU6JGTGHQTGVJG
WUGQHUQHVQTGXGPFGOKPGTCNKUGFYCVGTKUGEQPQOKECNN[HGCUKDNGCPFGNKOKPCVGUVJGRTQDNGOQHUECNG
FGRQUKVU#NVJQWIJVJGJGCVGZEJCPIGTKUOCFGQHUVCKPNGUUUVGGNVJGYCVGTEKTEWKVEQPPGEVGFVQVJG
EQORTGUUQTOC[TGSWKTGEQTTQUKQPKPJKDKVQTU%QPUWNVVJGVCDNGDGNQYVQOKPKOKUGRTQDNGOUFWGVQDCF
YCVGTSWCNKV[+HKPCP[FQWDVEQPUWNV#VNCU%QREQ
#FFCPCPVKHTGG\GRTQFWEVUWEJCUGVJ[NGPGIN[EQNVQVJGYCVGTKPRTQRQTVKQPVQVJGGZRGEVGF
VGORGTCVWTGVQCXQKFHTGG\KPI

4GEQXGT[YCVGTTGSWKTGOGPVUHQTQRGPYCVGTEKTEWKVU
5GGUGEVKQP%QQNKPIYCVGTTGSWKTGOGPVU

 1RGTCVKQP

)GPGTCN
6JGEQORTGUUQTQKNHNQYKUEQPVTQNNGFD[VYQVJGTOQUVCVKEXCNXGU
$8CPF$8GPUWTKPITGNKCDNG
EQORTGUUQTQRGTCVKQPCPFQRVKOWOGPGTI[TGEQXGT[

'PGTI[TGEQXGT[U[UVGOKPNKPG
6JGJCPFNGQHXCNXG
8KUKPXGTVKECNRQUKVKQP
Ő %QORTGUUQTUVCTVWR
9JGPVJGEQORTGUUQTKUUVCTVGFWRHTQOEQNFVJGQKNVGORGTCVWTGYKNNDGNQY$[RCUUXCNXG
$8UJWVU
QHHVJGQKNUWRRN[HTQOJGCVGZEJCPIGT
*'CPFD[RCUUXCNXG
$8UJWVUQHHVJGQKNUWRRN[HTQOQKN
EQQNGT
%QVQRTGXGPVVJGEQORTGUUQTQKNHTQODGKPIEQQNGF6JGQKNHNQYUHTQOUGRCTCVQT
#4VJTQWIJ
QKNHKNVGTU
1(CPFQKNUVQRXCNXG
8UVQEQORTGUUQTGNGOGPV
'
#NNGPGTI[KPRWVKUWUGFVQTCRKFN[YCTOWRVJGEQORTGUUQTQKN0QGPGTI[KUTGEQXGTGF
Ő /CZKOWOGPGTI[TGEQXGT[


+PUVTWEVKQPOCPWCN

9JGPVJGQKNVGORGTCVWTGKPETGCUGUD[RCUUXCNXG
$8UVCTVUQRGPKPIVJGJGCVGZEJCPIGTQKNUWRRN[
NKPG+HVJGQKNVGORGTCVWTGTKUGUVQCRRTQZu%
u(CNNVJGQKNRCUUGUVJTQWIJVJGJGCV
GZEJCPIGT6JGQKNHTQOVJGJGCVGZEJCPIGTQWVNGVHNQYUXKCQKNHKNVGTU
1(QKNUVQRXCNXG
8U
EQORTGUUQTGNGOGPV
'CPFUGRCTCVQT
#4DCEMVQVJGKPNGVQHJGCVGZEJCPIGT
*'$[RCUUXCNXG

$8D[RCUUGUQKNEQQNGT
%QCUNQPICUVJGQKNVGORGTCVWTGTGOCKPUDGNQYCEGTVCKPXCNWG
6JGJGCVGZEJCPIGDGVYGGPVJGEQORTGUUQTQKNCPFVJGJGCVTGEQXGT[YCVGTKUOCZKOWO
Ő .QYEQPUWORVKQPQHTGEQXGTGFGPGTI[
+PVJKUECUGVJGVGORGTCVWTGQHVJGQKNNGCXKPIJGCVGZEJCPIGT
*'OC[DGVQQJKIJHQTVJGQKNVQDG
KPLGEVGFKPVQEQORTGUUQTGNGOGPV
'6JGTGHQTGD[RCUUXCNXG
$8YKNNQRGPVJGUWRRN[NKPGQHVJG
EQORTGUUQTQKNEQQNGTVQCNNQYVJGJQVQKNVQDGEQQNGFKPEQQNGT
%Q
6JGCOQWPVQHGPGTI[UWRRNKGFVQVJGYCVGTKUCFCRVGFVQVJGPGGFQHGPGTI[
Ő 4GEQXGT[YCVGTHNQYVQQJKIJVGORGTCVWTGVQQNQY
+PVJKUECUGVJGVGORGTCVWTGQHVJGQKNNGCXKPIJGCVGZEJCPIGT
*'OC[DGVQQNQYHQTVJGQKNVQDG
KPLGEVGFKPVQEQORTGUUQTGNGOGPV
'6JGTGHQTGD[RCUUXCNXG
$8YKNNQRGPVJGUWRRN[NKPGQHVJG
EQORTGUUQTQKNUGRCTCVQTVQCNNQYVJGEQNFQKNHTQOJGCVGZEJCPIGT
*'VQDGOKZGFYKVJJQVQKNHTQO
UGRCTCVQT
#4
'PGTI[KUVTCPUHGTTGFHTQOVJGEQORTGUUQTQKNVQVJGYCVGTDWVCVCTGNCVKXGN[NQYVGORGTCVWTGNGXGN

'PGTI[TGEQXGT[U[UVGOKUQNCVGF
6JGJCPFNGQHXCNXG
8KUKPJQTK\QPVCNRQUKVKQP
'ZEGRVHQTVJGQRGPKPIVGORGTCVWTGQHD[RCUUXCNXG
$8VJGQKNU[UVGOKUVJGUCOGCUYKVJQWV
KPUVCNNCVKQPQHVJGGPGTI[TGEQXGT[U[UVGO


 +PUVTWEVKQPOCPWCN

0QGPGTI[KUTGEQXGTGF
6JKUUKVWCVKQPUJQWNFDGEQPUKFGTGFCUGZEGRVKQPCNGIKPECUGQHOCKPVGPCPEGQHVJGGPGTI[TGEQXGT[
U[UVGOQTYJGPPQGPGTI[KUTGSWKTGFHQTCNQPIRGTKQF
4WPVJGWPKVWPNQCFGFHQTCHGYOKPWVGUDGHQTGKUQNCVKPIVJGGPGTI[TGEQXGT[U[UVGOHTQOVJG
EQORTGUUQT

5VQRRKPIVJGWPKVHQTCNQPIRGTKQF
+PECUGQHCPQRGPYCVGTU[UVGOCPFKHHTGG\KPIVGORGTCVWTGUECPDGGZRGEVGFKUQNCVGVJGEQORTGUUQT
YCVGTU[UVGOCPFDNQYKVVJTQWIJYKVJEQORTGUUGFCKT

 6JGTOQUVCVKED[RCUUXCNXGU

1KNEQQNGTD[RCUUXCNXGU
6JGQKNEQQNGTQHVJGEQORTGUUQTKUGSWKRRGFYKVJCD[RCUUXCNXG6JGXCNXGEQPUKUVUQHCPKPUGTV
OQWPVGFKPCJQWUKPI6JGXCNXGUVCTVUENQUKPIVJGD[RCUUNKPGCPFQRGPKPIVJGNKPGHTQOVJGQKNEQQNGT
CVVJGNQYGTNKOKVQHKVUVGORGTCVWTGTCPIGCVVJGWRRGTNKOKVQHKVUVGORGTCVWTGTCPIGVJGD[RCUUNKPGKU
EQORNGVGN[ENQUGFCPFCNNVJGQKNHNQYUVJTQWIJVJGQKNEQQNGT
#PKPUGTVYKVJCJKIJGTVGORGTCVWTGTCPIGKUTGSWKTGFYJGPWUKPIVJGEQORTGUUKQPJGCVCUUQWTEGHQT
GPGTI[TGEQXGT[6JGTGSWKTGFVGORGTCVWTGTCPIGQHVJGXCNXGFGRGPFUQPVJGCRRNKECVKQPQHVJGGPGTI[
TGEQXGT[U[UVGO6JGTGHQTGCPWODGTQHKPUGTVUGCEJYKVJCFKHHGTGPVVGORGTCVWTGTCPIGCTGRTQXKFGF
#HVGTKPUVCNNCVKQPQHQPGQHVJGXCNXGKPUGTVUCPFYKVJVJGGPGTI[TGEQXGT[U[UVGOKUQNCVGFVJG
EQORTGUUQTGNGOGPVQWVNGVVGORGTCVWTGYKNNDG
)# WRVQ)#

2TGUUWTGXCTKCPV DCT DCT

RUK RUK
6JGTOQUVCVKEXCNXGVGORGTCVWTGTCPIG u% u%
u%
u( u%
u(
%QORTGUUQTQWVNGVVGORGTCVWTG u% u%

u(
u(

*GCVGZEJCPIGTD[RCUUXCNXG
6JKUXCNXGUVCTVUENQUKPIVJGD[RCUUNKPGCPFQRGPKPIVJGNKPGHTQOVJGJGCVGZEJCPIGTCVCRRTQZu%

u(CVCRRTQZu%
u(VJGD[RCUUNKPGKUEQORNGVGN[ENQUGFCPFCNNVJGQKNHNQYUVJTQWIJ
VJGJGCVGZEJCPIGT

 /CKPVGPCPEG

%QORTGUUQTQKN
(QTTGHGTGPEGUDGNQYEQPUWNVUGEVKQP'PGTI[TGEQXGT[WPKV
1KNEJCPIG
 %JGEMVJCVVJGJCPFNGQHUGNGEVQTXCNXG
8KUKPXGTVKECNRQUKVKQP
TGEQXGT[U[UVGOKPNKPG
 4WPVJGWPKVWPVKNYCTO5VQRVJGWPKVUYKVEJQHHVJGKUQNCVKPIUYKVEJCPFENQUGVJGCKTQWVNGVXCNXG


+PUVTWEVKQPOCPWCN

 &GRTGUUWTK\GVJGEQORTGUUQTCPFFTCKPVJGQKN5GGUGEVKQP1KNCPFQKNHKNVGTEJCPIG
 7PUETGYRNWI
VQFTCKPJGCVGZEJCPIGT
*'4GKPUVCNNCPFVKIJVGPVJGRNWICHVGTFTCKPKPI#NUQ
TGKPUVCNNCPFVKIJVGPVJGHKNNGTRNWI
(%
 4GUWOGQKNEJCPIGCUFGUETKDGFKPUGEVKQP1KNCPFQKNHKNVGTEJCPIG

6JGTOQUVCVKED[RCUUXCNXGU
6JGKPUGTVUUJQWNFDGTGRNCEGF[GCTN[D[PGYQPGUVQGPUWTGQRGTCVKQPCVOCZKOWOGHHKEKGPE[

*GCVGZEJCPIGT
*'
+HVJGVGORGTCVWTGTKUGQXGTVJGGPGTI[TGEQXGT[U[UVGOFGENKPGUQXGTCRGTKQFQHVKOGYKVJVJGUCOG
DCUKEYQTMKPIEQPFKVKQPUVJGJGCVGZEJCPIGTUJQWNFDGKPURGEVGF6QENGCPVJGQKNUKFGUQCMVJGJGCV
GZEJCPIGTKPCFGITGCUKPIUQNWVKQP6QTGOQXGUECNGHQTOCVKQPKPVJGYCVGTEQORCTVOGPVCRTQRGT
FGUECNKPIRTQEGUUUJQWNFDGCRRNKGF%QPUWNV#VNCU%QREQ

 'PGTI[TGEQXGT[FCVC

4GHGTGPEGEQPFKVKQPU
5GGUGEVKQP4GHGTGPEGEQPFKVKQPUCPFNKOKVCVKQPU

'HHGEVKXGYQTMKPIRTGUUWTG
%QPUWNVUGEVKQP%QORTGUUQTFCVCHQTVJGPQTOCNYQTMKPIRTGUUWTG

4GCFKPIUGVVKPIU
+PCFFKVKQPVQQVJGTFCVCVJGHQNNQYKPIVGORGTCVWTGUECPDGTGCFD[RTGUUKPIVJGUETQNNMG[
Ő (QTCKTEQQNGFWPKVU
Ő 6JGYCVGTKPNGVVGORGTCVWTGQHVJGGPGTI[TGEQXGT[U[UVGO
Ő 6JGYCVGTQWVNGVVGORGTCVWTGQHVJGGPGTI[TGEQXGT[U[UVGO

/QFKH[KPIUGVVKPIU
+HGZEGGFKPIVJGRTQITCOOGFYCTPKPIUGVVKPIUHQTVJGYCVGTVGORGTCVWTGUCYCTPKPIKPFKECVKQPKU
UJQYPQPVJGEQORTGUUQTEQPVTQNOQFWNG


 +PUVTWEVKQPOCPWCN

6GORGTCVWTGKPRWV 7PKVU /KPKOWO 0QOKPCNUGVVKPI /CZKOWO

UGVVKPI UGVVKPI
9CVGTKPNGVQHGPGTI[TGEQXGT[ u%   
&GNC[CVYCTPKPIUKIPCN UGE  %QPUWNV#VNCU 
%QREQ
&GNC[CVUVCTV UGE  %QPUWNV#VNCU 
5JQWNFDGNGUUVJCPFGNC[CVYCTPKPI %QREQ
UKIPCN
'PGTI[TGEQXGT[YCVGTQWVNGV u%  &GRGPFUQP 
CRRNKECVKQP
&GNC[CVUKIPCN UGE  %QPUWNV#VNCU 
%QREQ
&GNC[CVUVCTV UGE  %QPUWNV#VNCU 
%QREQ

6QOQFKH[CUGVVKPIEQPUWNVUGEVKQP/QFKH[KPIRCTCOGVGTU

4GEQXGTCDNGGPGTI[
6JGTGEQXGTCDNGGPGTI[ECPDGECNEWNCVGFD[WUKPIVJGHQNNQYKPIHQTOWNC
4'%18'4'&'0'4);
M9ZYCVGTHNQY
NUZYCVGTVGORGTCVWTGTKUG
u%
+PVJGVCDNGUDGNQYV[RKECNGZCORNGUCTGIKXGPGZEGRVHQTVJGTGEQXGTGFGPGTI[
%QPUWNV#VNCU%QREQHQTURGEKHKECVKQPU

&CVCHQTNQYVGORGTCVWTGTKUGJKIJYCVGTHNQYU[UVGOU
)#

6GORGTCVWTGKPRWV 7PKVU       

DCT DCT DCT RUK RUK RUK RUK
4GEQXGTCDNGGPGTI[ M9       
9CVGTHNQY NOKP       
6GORGTCVWTGCVKPNGV u%       
6GORGTCVWTGCVQWVNGV u%       
6GORGTCVWTGCVKPNGV u(       
6GORGTCVWTGCVQWVNGV u(       

)#

6GORGTCVWTGKPRWV 7PKVU       

DCT DCT DCT RUK RUK RUK RUK
4GEQXGTCDNGGPGTI[ M9       
9CVGTHNQY NOKP       
6GORGTCVWTGCVKPNGV u%       
6GORGTCVWTGCVQWVNGV u%       
6GORGTCVWTGCVKPNGV u(       
6GORGTCVWTGCVQWVNGV u(       


+PUVTWEVKQPOCPWCN

)#

6GORGTCVWTGKPRWV 7PKVU       

DCT DCT DCT RUK RUK RUK RUK
4GEQXGTCDNGGPGTI[ M9       
9CVGTHNQY NOKP       
6GORGTCVWTGCVKPNGV u%       
6GORGTCVWTGCVQWVNGV u%       
6GORGTCVWTGCVKPNGV u(       
6GORGTCVWTGCVQWVNGV u(       

)#

6GORGTCVWTGKPRWV 7PKVU       

DCT DCT DCT RUK RUK RUK RUK
4GEQXGTCDNGGPGTI[ M9       
9CVGTHNQY NOKP       
6GORGTCVWTGCVKPNGV u%       
6GORGTCVWTGCVQWVNGV u%       
6GORGTCVWTGCVKPNGV u(       
6GORGTCVWTGCVQWVNGV u(       

)#

6GORGTCVWTGKPRWV 7PKVU       

DCT DCT DCT RUK RUK RUK RUK
4GEQXGTCDNGGPGTI[ M9       
9CVGTHNQY NOKP       
6GORGTCVWTGCVKPNGV u%       
6GORGTCVWTGCVQWVNGV u%       
6GORGTCVWTGCVKPNGV u(       
6GORGTCVWTGCVQWVNGV u(       

&CVCHQTJKIJVGORGTCVWTGTKUGNQYYCVGTHNQYU[UVGOU
)#

6GORGTCVWTGKPRWV 7PKVU       

DCT DCT DCT RUK RUK RUK RUK
4GEQXGTCDNGGPGTI[ M9       
9CVGTHNQY NOKP       
6GORGTCVWTGCVKPNGV u%       
6GORGTCVWTGCVQWVNGV u%       
6GORGTCVWTGCVKPNGV u(       
6GORGTCVWTGCVQWVNGV u(       


 +PUVTWEVKQPOCPWCN

)#

6GORGTCVWTGKPRWV 7PKVU       

DCT DCT DCT RUK RUK RUK RUK
4GEQXGTCDNGGPGTI[ M9       
9CVGTHNQY NOKP       
6GORGTCVWTGCVKPNGV u%       
6GORGTCVWTGCVQWVNGV u%       
6GORGTCVWTGCVKPNGV u(       
6GORGTCVWTGCVQWVNGV u(       

)#

6GORGTCVWTGKPRWV 7PKVU       

DCT DCT DCT RUK RUK RUK RUK
4GEQXGTCDNGGPGTI[ M9       
9CVGTHNQY NOKP       
6GORGTCVWTGCVKPNGV u%       
6GORGTCVWTGCVQWVNGV u%       
6GORGTCVWTGCVKPNGV u(       
6GORGTCVWTGCVQWVNGV u(       

)#

6GORGTCVWTGKPRWV 7PKVU       

DCT DCT DCT RUK RUK RUK RUK
4GEQXGTCDNGGPGTI[ M9       
9CVGTHNQY NOKP       
6GORGTCVWTGCVKPNGV u%       
6GORGTCVWTGCVQWVNGV u%       
6GORGTCVWTGCVKPNGV u(       
6GORGTCVWTGCVQWVNGV u(       

)#

6GORGTCVWTGKPRWV 7PKVU       

DCT DCT DCT RUK RUK RUK RUK
4GEQXGTCDNGGPGTI[ M9       
9CVGTHNQY NOKP       
6GORGTCVWTGCVKPNGV u%       
6GORGTCVWTGCVQWVNGV u%       
6GORGTCVWTGCVKPNGV u(       
6GORGTCVWTGCVQWVNGV u(       


+PUVTWEVKQPOCPWCN

 +PUVCNNCVKQP

 &KOGPUKQPFTCYKPIU

&KOGPUKQPFTCYKPIU

)# WRVQ)#


 +PUVTWEVKQPOCPWCN

4GHGTGPEG &GUKIPCVKQP
 &T[GTD[RCUUQWVNGV
FT[GTXGTUKQP
 %QORTGUUQTEQQNKPI
 #KTQWVNGV
 &T[GTEQQNKPI
 %QORTGUUGFCKTQWVNGV
 9GKIJVUKPMI
 'NGEVTKECNECDNGRCUUCIG
 &T[GTEQQNKPICKTKPNGVCPFCKTHKNVGTKPNGV
 /QVQTCPFEQORTGUUQTEQQNKPICKTKPNGV
 9CVGTKP
 'PGTI[TGEQXGT[
 9CVGTQWV
 15&YCVGTFTCKP
 #WVQOCVKEFTCKP
 /CPWCNFTCKP
 9QTMRNCEG
 9QTMRNCEG(WNN(GCVWTG
 %GPVTGQHITCXKV[
 9GKIJV
 &KOGPUKQPUKPOO
 1PN[HQT9QTMRNCEG


+PUVTWEVKQPOCPWCN

 +PUVCNNCVKQPRTQRQUCN

+PUVCNNCVKQPRTQRQUCN

%QORTGUUQTTQQOGZCORNGQH)# WRVQ)#

6GZVQPFTCYKPI

4GHGTGPEG &GUKIPCVKQP

 8GPVKNCVKQPRTQRQUCNU

 /KPKOWOHTGGCTGCVQDGTGUGTXGFHQTVJGEQORTGUUQTKPUVCNNCVKQP


 +PUVTWEVKQPOCPWCN

&GUETKRVKQP
 +PUVCNNVJGEQORTGUUQTWPKVQPCUQNKFNGXGNHNQQTUWKVCDNGHQTVCMKPIVJGYGKIJV
 2QUKVKQPQHVJGEQORTGUUGFCKTQWVNGVXCNXG
 6JGRTGUUWTGFTQRQXGTVJGCKTQWVNGVRKRGECPDGECNEWNCVGFCUHQNNQYU
FR
.ZZ3E
FZR
F+PPGTFKCOGVGTQHVJGQWVNGVRKRGKPOO
FR2TGUUWTGFTQR
TGEQOOGPFGFOCZKOWODCTRUK
..GPIVJQHQWVNGVRKRGKPO
R#DUQNWVGRTGUUWTGCVVJGEQORTGUUQTQWVNGVKPDCT
C
3E(TGGCKTFGNKXGT[QHVJGEQORTGUUQTKPNU
+VKUTGEQOOGPFGFVJCVVJGEQPPGEVKQPQHVJGEQORTGUUQTCKTQWVNGVRKRGKUOCFGQPVQRQHVJGOCKP
CKTPGVRKRGKPQTFGTVQOKPKOKUGECTT[QXGTQHRQUUKDNGEQPFGPUCVGTGUKFWG
 8GPVKNCVKQPVJGKPNGVITKFUCPFXGPVKNCVKQPHCPUJQWNFDGKPUVCNNGFKPUWEJCYC[VJCVCP[
TGEKTEWNCVKQPQHEQQNKPICKTVQVJGEQORTGUUQTQTFT[GTKUCXQKFGF6JGOCZKOWOCKTXGNQEKV[VJTQWIJ
VJGITKFUKUOU
HVU
6JGOCZKOWOCNNQYCDNGRTGUUWTGFTQRQXGTVJGEQQNKPICKTFWEVUKU2C
KPYE
+HKVKUITGCVGTVJCPVJKUXCNWGCHCPKUPGGFGFCVVJGQWVNGVQHVJGFWEVU%QPUWNV#VNCU%QREQ
(QT)# WRVQ)#CNVGTPCVKXGUCPFVJGTGSWKTGFXGPVKNCVKQPECRCEKV[VQNKOKVVJG
EQORTGUUQTTQQOVGORGTCVWTGECPDGECNEWNCVGFCUHQNNQYU
Ő 3X0F6HQT)#9QTMRNCEG
Ő 3X
0 F6HQT)#9QTMRNCEG(WNN(GCVWTG
3X4GSWKTGFXGPVKNCVKQPECRCEKV[KPOU
05JCHVKPRWVQHEQORTGUUQTKPM9
F66GORGTCVWTGKPETGCUGKPEQORTGUUQTTQQO
(QTCNVGTPCVKXGUCPFVJGHCPECRCEKV[UJQWNFOCVEJVJGEQORTGUUQTHCPECRCEKV[CVCRTGUUWTG
JGCFGSWCNVQVJGRTGUUWTGFTQRCETQUUVJGCKTFWEVU
 6JGFTCKPRKRGUVQVJGFTCKPEQNNGEVQTOWUVPQVFKRKPVQVJGYCVGTQHVJGFTCKPEQNNGEVQT#VNCU%QREQ
JCUQKNYCVGTUGRCTCVQTU
V[RG15&VQUGRCTCVGVJGOCLQTRCTVQHVJGQKNHTQOVJGEQPFGPUCVGVQ
GPUWTGVJCVVJGEQPFGPUCVGOGGVUVJGTGSWKTGOGPVUQHVJGGPXKTQPOGPVCNEQFGU
 2QUKVKQPQHEQPVTQNRCPGN
 2QUKVKQPQHVJGOCKPECDNGGPVT[
 2TQXKUKQPHQTKPNGVCPFQWVNGVQHVJGGPGTI[TGEQXGT[U[UVGO
U[UVGOKUQRVKQPCN
 (KNVGTV[RG&&HQTIGPGTCNRWTRQUGU6JGHKNVGTVTCRUUQNKFRCTVKENGUFQYPVQOKETQPYKVJCOCZ
QKNECTT[QXGTQHOIO#JKIJGHHKEKGPE[HKNVGTV[RG2&OC[DGKPUVCNNGFFQYPUVTGCOQHC&&
HKNVGT6JKUHKNVGTVTCRUUQNKFRCTVKENGUFQYPVQOKETQPYKVJOCZQKNECTT[QXGTQHOIO
+HQKNXCRQWTUCPFQFQWTUCTGWPFGUKTCDNGC3&V[RGHKNVGTUJQWNFDGKPUVCNNGFFQYPUVTGCOQHVJG2&
HKNVGT
Ő 1P)#EQORTGUUQTUYKVJQWVFT[GTCPF(WNN(GCVWTGEQORTGUUQTUYKVJ+(&FT[GTVJGHKNVGTUHQT
IGPGTCNRWTRQUGCTGQRVKQPCN
 6JGCKTTGEGKXGT
QRVKQPCNUJQWNFDGKPUVCNNGFKPCHTQUVHTGGTQQOQPCUQNKFNGXGNHNQQT
(QTPQTOCNCKTEQPUWORVKQPVJGXQNWOGQHVJGCKTPGV
TGEGKXGTCPFRKRKPIECPDGECNEWNCVGFCU
HQNNQYU


+PUVTWEVKQPOCPWCN

8
Z3EZ2Z6Q
HOCZZF2Z6
8XQNWOGQHVJGCKTPGVKPN
3EHTGGCKTFGNKXGT[QHVJGEQORTGUUQTKPNU
2EQORTGUUQTCKTKPNGVRTGUUWTGKPDCTCDUQNWVG
HOCZE[ENGHTGSWGPE[E[ENGU
F22WPNQCF2NQCFKPDCT
6EQORTGUUQTCKTKPNGVVGORGTCVWTGKP-
6QCKTTGEGKXGTVGORGTCVWTGKP-
 &T[GTD[RCUU
Ő 1RVKQPCNQPEQORTGUUQTUYKVJ+(&
 %QPFGPUCVGVTCR
#NUQEQPUWNVUGEVKQP%QPFGPUCVGU[UVGO


 +PUVTWEVKQPOCPWCN

 'NGEVTKECNEQPPGEVKQPU

'NGEVTKECNEQPPGEVKQPU


+PUVTWEVKQPOCPWCN

4GHGTGPEG &GUKIPCVKQP

 %WUVQOGTʼnUKPUVCNNCVKQP

 1RVKQP

 &T[GTQRVKQPRJCUGQTRJCUG

 #NNXQNVCIGUGZEGRV8*\

 8*\

 5VCTEQPPGEVKQPCNNQVJGTXQNVCIGU

 &GNVCEQPPGEVKQP8*\

 RJCUGFT[GT

 RJCUGFT[GT

 5WRRN[QHFT[GT

 #NNQVJGTXQNVCIGU

&GUETKRVKQP
 2TQXKFGCPKUQNCVKPIUYKVEJ
 %JGEMVJCVVJGOQVQTECDNGUCPFYKTGUKPUKFGVJGGNGEVTKEECDKPGVCTGENCORGFVKIJVVQVJGKT
VGTOKPCNU
 %JGEMVJGHWUGUCPFVJGUGVVKPIQHVJGQXGTNQCFTGNC[5GGUGEVKQP5GVVKPIUQHQXGTNQCFTGNC[CPF
HWUGU
 %QPPGEVVJGRQYGTUWRRN[ECDNGUVQVJGKTVGTOKPCNU...
 %QPPGEVPGWVTCNEQPFWEVQTVQEQPPGEVQT
0
 %QPPGEVGCTVJEQPFWEVQTDQNV
2'


 +PUVTWEVKQPOCPWCN

1P)# WRVQ)#9QTMRNCEG((YKVJ+(&
GZEGRVHQT8*\XCTKCPVU
Ő 6JGXQNVCIGUWRRN[VQVJGFT[GTOWUVDG8UKPINGRJCUG6JGXQNVCIGQXGTVJGFT[GTKUUWRRNKGF
QXGTVJGEQPVCEVUQHTGNC[
-YJKEJENQUGYJGPVJGEQORTGUUQTKUUVCTVGF(QTEQORTGUUQTUWRRN[
XQNVCIGUFKHHGTGPVHTQOZ8RNWUPGWVTCNZ8Z8VJGRQYGTVQVJGFT[GTKU
UWRRNKGFD[CVTCPUHQTOGT
1P)# WRVQ)#9QTMRNCEG((
8*\
Ő 6JGUGEQORTGUUQTUJCXGCRJCUGFT[GT6JGXQNVCIGVQVJGFT[GTKUUWRRNKGFQXGTVJGEQPVCEVUQH
TGNC[
-YJKEJENQUGYJGPVJGEQORTGUUQTKUUVCTVGF

 %QQNKPIYCVGTTGSWKTGOGPVU

)GPGTCN
(QNNQYKPITGSWKTGOGPVUCTGIKXGPCUCIGPGTCNTWNGVQRTGXGPVEQQNKPIYCVGTRTQDNGOU+HKPCP[FQWDV
EQPUWNV#VNCU%QREQ

4GEQOOGPFGFOCZKOC 4GEKTEWNCVKPIU[UVGO 2CUUVJTQWIJU[UVGO


%JNQTKFG
%N  NGUUVJCPOIN NGUUVJCPOIN

5WNRJCVG
51  NGUUVJCPOIN NGUUVJCPOIN
6QVCNUQNKFU NGUUVJCPOIN NGUUVJCPOIN
5WURGPFGFUQNKFU
CU5K1 NGUUVJCPOIN NGUUVJCPOIN
(TGGEJQTKPG
%N NGUUVJCPOIN NGUUVJCPOIN
#OOQPKC
0*   NGUUVJCPOIN NGUUVJCPOIN
%QRRGT NGUUVJCPOIN NGUUVJCPOIN
+TQP NGUUVJCPOIN NGUUVJCPOIN
/CPICPGUG NGUUVJCPOIN NGUUVJCPOIN
1Z[IGP NGUUVJCPOIN NGUUVJCPOIN
%CTDQPCVGJCTFPGUU
CU%C%1 OIN OIN
1TICPKEU
-/P1 NGUUVJCPOIN NGUUVJCPOIN
0QCNICG
0QQKN

4GOCTM
%JNQTKFGCPFUWNRJCVGCTGKPVGTCEVKXG+PRCUUVJTQWIJU[UVGOUVJGUWOQHVJGUSWCTGUOWUVPQVGZEGGF
(QTTGEKTEWNCVKPIU[UVGOUYKVJRTQRGTEQPVTQNUCPFVTGCVOGPVVJGUWOQHVJGUSWCTGUOC[DG
WRVQ0QVGVJCVVJGUWNRJCVGXCNWGOWUVKPENWFGCP[UWNRJKVGRTGUGPV

#FFKVKXGU
+HKVUJQWNFDGPGEGUUCT[VQWUGCFFKVKXGUKPVJGEQQNKPIYCVGTVCMGKPVQCEEQWPVVJCVVJGEQQNKPI
ECRCEKV[YKNNEJCPIG


+PUVTWEVKQPOCPWCN

 2KEVQITCRJU

&GUETKRVKQP

2KEVQITCRJU

2KEVQITCRJU

4GHGTGPEG &GUKIPCVKQP
 /CPWCNEQPFGPUCVGFTCKP
 #WVQOCVKEEQPFGPUCVGFTCKP
 9CTPKPIXQNVCIG
 9CTPKPIUYKVEJQHHVJGXQNVCIGCPFFGRTGUUWTKUGEQORTGUUQTDGHQTGTGRCKTKPI
 9CTPKPIDGHQTGEQPPGEVKPIEQORTGUUQTGNGEVTKECNN[EQPUWNV+PUVTWEVKQPDQQMHQT
OQVQTTQVCVKQPFKTGEVKQP
 6QTSWGUHQTUVGGN
(GQTDTCUU
%W<PDQNVU
 %QPUWNVKPUVTWEVKQPDQQMDGHQTGITGCUKPI
 .KIJVN[QKNICUMGVQHQKNHKNVGTUETGYKVQPCPFVKIJVGPD[JCPF
CRRTQZJCNHCVWTP
 9CTPKPIUVQRVJGEQORTGUUQTDGHQTGTGRCKTKPIHCPU
 9CTPKPIUYKVEJQHHVJGXQNVCIGDGHQTGTGOQXKPIRTQVGEVKPIEQXGTKPUKFGGNGEVTKE
EWDKENG
 %QPUWNVVJGKPUVTWEVKQPDQQMDGHQTGECTT[KPIQWVOCKPVGPCPEG
 9CTPKPIRQVGPVKCNTKUMQHUWFFGPTGNGCUGQHURTKPIWPFGTPGCVJEQXGTQHWPNQCFGT
FWTKPIFKUCUUGODN[JCXGCP[TGRCKTUECTTKGFQWVD[#VNCU%QREQ


 +PUVTWEVKQPOCPWCN

 1RGTCVKPIKPUVTWEVKQPU

 $GHQTGKPKVKCNUVCTVWR

5CHGV[

6JGQRGTCVQTOWUVCRRN[CNNTGNGXCPVUCHGV[RTGECWVKQPUKPENWFKPIVJQUGOGPVKQPGFKP
VJKUDQQM

1WVFQQTCNVKVWFGQRGTCVKQP
+HVJGEQORTGUUQTKUKPUVCNNGFQWVFQQTUQTKHVJGCKTKPNGVVGORGTCVWTGECPDGDGNQYu%u(
RTGECWVKQPUOWUVDGVCMGP+PVJKUECUGCPFCNUQKHQRGTCVKPICDQXGO
HVEQPUWNV#VNCU
%QREQ

/QXKPINKHVKPI
6JGEQORTGUUQTECPDGOQXGFD[CNKHVVTWEMWUKPIVJGUNQVUKPVJGHTCOG6CMGECTGPQVVQFCOCIGVJG
DQF[YQTMFWTKPINKHVKPIQTVTCPURQTV/CMGUWTGVJCVVJGHQTMURTQVTWFGHTQOVJGQVJGTUKFGQHVJGHTCOG
6JGEQORTGUUQTECPCNUQDGNKHVGFCHVGTKPUGTVKPIDGCOUKPVJGUNQVU/CMGUWTGVJCVVJGDGCOUECPPQV
UNKFGCPFVJCVVJG[RTQVTWFGHTQOVJGHTCOGGSWCNN[6JGEJCKPUOWUVDGJGNFRCTCNNGNVQVJGDQF[YQTMD[
EJCKPURTGCFGTUKPQTFGTPQVVQFCOCIGVJGEQORTGUUQT6JGNKHVKPIGSWKROGPVOWUVDGRNCEGFKPUWEJC
YC[VJCVVJGEQORTGUUQTKUNKHVGFRGTRGPFKEWNCTN[.KHVIGPVN[CPFCXQKFVYKUVKPI

'ZVGTPCNEQORTGUUQTUVCVWUKPFKECVKQPQPEQORTGUUQTUGSWKRRGFYKVJCP'NGMVTQPKMQP++TGIWNCVQT
6JG'NGMVTQPKMQP++TGIWNCVQTKURTQXKFGFYKVJCWZKNKCT[EQPVCEVU
---CPF-CVVJGDCEMQH
VJGGNGEVTQPKEOQFWNGHQTGZVGTPCNKPFKECVKQPQH
Ő NQYQTJKIJCKTRTGUUWTG
-ENQUGFOGCPUJKIJCKTRTGUUWTG
Ő OCPWCNNQCFWPNQCFQTCWVQOCVKEQRGTCVKQP
-
Ő YCTPKPIEQPFKVKQP
-
Ő UJWVFQYPEQPFKVKQP
-
/CZKOWONQCFHQTVJGUGEQPVCEVU#8#%5VQRVJGEQORTGUUQTCPFUYKVEJQHHVJGXQNVCIG
DGHQTGEQPPGEVKPIGZVGTPCNGSWKROGPV%QPUWNV#VNCU%QREQ

%QORTGUUQTEQPVTQNOQFGUQPEQORTGUUQTUGSWKRRGFYKVJCP'NGMVTQPKMQP++TGIWNCVQT

*CXGVJGOQFKHKECVKQPUEJGEMGFD[#VNCU%QREQ5VQRVJGEQORTGUUQTCPFUYKVEJQHH
VJGXQNVCIGDGHQTGEQPPGEVKPIGZVGTPCNGSWKROGPV1PN[XQNVCIGHTGGEQPVCEVUCTG
CNNQYGF

%QPUWNVUGEVKQP2TQITCOOKPIEQORTGUUQTEQPVTQNOQFGUKHKVKUFGUKTGFVQUYKVEJVQCPQVJGTEQPVTQN
OQFG
6JGHQNNQYKPIEQPVTQNOQFGUECPDGUGNGEVGF
Ő .QECNEQPVTQN6JGEQORTGUUQTYKNNTGCEVVQEQOOCPFUGPVGTGFD[VJGDWVVQPUQPVJGEQPVTQNRCPGN
%QORTGUUQTUVCTVUVQREQOOCPFUXKC%NQEMHWPEVKQPCTGCEVKXGKHRTQITCOOGF


+PUVTWEVKQPOCPWCN

Ő 4GOQVGEQPVTQN6JGEQORTGUUQTYKNNTGCEVVQEQOOCPFUHTQOGZVGTPCNUYKVEJGU'OGTIGPE[UVQR
TGOCKPUCEVKXG%QORTGUUQTUVCTVUVQREQOOCPFUXKC%NQEMHWPEVKQPCTGUVKNNRQUUKDNG
(QTTGOQVGUVCTVKPICPFUVQRRKPI
Ő %QPPGEVCUVCTVRTQITCOOGFUVQRDWVVQPDGVYGGPVGTOKPCNUCPFQHEQPPGEVQT
:5GG
UGEVKQP'NGEVTKECNU[UVGOVQNQECVGVJGEQPPGEVQT
Ő $TKFIGVGTOKPCNUCPFQHEQPPGEVQT
:+PVJKUOQFGVJGQWVNGVRTGUUWTGKUUVKNNUGPUGFD[
RTGUUWTGVTCPUFWEGT
26TGUWNVKPIKPNQCFKPICPFWPNQCFKPIQHVJGEQORTGUUQTCVVJGRTGUUWTGU
RTQITCOOGFKPVJGGNGEVTQPKETGIWNCVQT+HVGTOKPCNUCPFQHEQPPGEVQT
:CTGPQVDTKFIGF
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5GGUGEVKQP'NGEVTKECNU[UVGOVQNQECVGVJGEQPPGEVQT
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:CPFEQPPGEVCNQCFWPNQCFUYKVEJDGVYGGP
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Ő .#0EQPVTQN6JGEQORTGUUQTKUEQPVTQNNGFXKCCNQECNPGVYQTM%QPUWNV#VNCU%QREQ

 +PKVKCNUVCTVWR

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 +PUVTWEVKQPOCPWCN

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+PUVTWEVKQPOCPWCN

 %QPUWNVVJGUGEVKQPU'NGEVTKEECDNGUK\G+PUVCNNCVKQPRTQRQUCNUCPF&KOGPUKQPFTCYKPIU
 6JGHQNNQYKPIVTCPURQTVHKZVWTGURCKPVGFTGFOWUVDGTGOQXGF
Ő $QNVU

Ő $WUJGU

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6KURTQXKFGF4GOQXGVJGURCEGTUWPFGTPGCVJVJKUVTCPUHQTOGT5GG'NGEVTKECNEQPPGEVKQPU
 %JGEMVJCVVJGGNGEVTKECNEQPPGEVKQPUEQTTGURQPFVQVJGNQECNEQFGUCPFVJCVCNNYKTGUCTG
ENCORGFVKIJVVQVJGKTVGTOKPCNU
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 %JGEMVTCPUHQTOGT
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 2TQXKFGNCDGNUYCTPKPIVJGQRGTCVQTVJCV
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 5YKVEJQPVJGXQNVCIG5VCTVVJGEQORTGUUQTCPFUVQRKVKOOGFKCVGN[%JGEMVJGTQVCVKQP
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/YJKNGVJGOQVQTKUEQCUVKPIVQCUVQR
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Ő (QTVJGHCPOQVQTVJGEQTTGEVTQVCVKQPFKTGEVKQPKUCPVKENQEMYKUGYJGPNQQMKPICVVJGHCP
HTQOVJGVQRQHVJGEQORTGUUQT
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KPEQOKPIGNGEVTKENKPGU
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 1PEQORTGUUQTUGSWKRRGFYKVJCP'NGMVTQPKMQP++TGIWNCVQTEJGEMVJGRTQITCOOGFUGVVKPIU
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 5VCTVCPFTWPVJGEQORTGUUQTHQTCHGYOKPWVGU%JGEMVJCVVJGEQORTGUUQTQRGTCVGUPQTOCNN[

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 5VCTVKPI

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 5YKVEJQPVJGXQNVCIG%JGEMVJCVXQNVCIGQP.'&
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 +PUVTWEVKQPOCPWCN

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CPFQRGTCVKPIKPUVTWEVKQP6JGCOQWPVQHEQPFGPUCVGFGRGPFUQPGPXKTQPOGPVCNCPFYQTMKPI
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+PUVTWEVKQPOCPWCN

 %JGEMKPIVJGFKURNC[

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TGIWNCTN[HQTTGCFKPIU
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CNCTO.'&
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 5VQRRKPI

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 +PUVTWEVKQPOCPWCN

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 2TGUUUVQRDWVVQP
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 6QUVQRVJGEQORTGUUQTKPVJGGXGPVQHCPGOGTIGPE[RTGUUGOGTIGPE[UVQRDWVVQP

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1PEQORTGUUQTUYKVJ'NGMVTQPKMQP++CHVGTTGOGF[KPIVJGHCWNVWPNQEMVJGDWVVQPD[
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 %NQUGVJGCKTQWVNGVXCNXG
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 6CMKPIQWVQHQRGTCVKQP

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5VGR #EVKQP
 5VQRVJGEQORTGUUQTCPFENQUGVJGCKTQWVNGVXCNXG
 5YKVEJQHHVJGXQNVCIGCPFFKUEQPPGEVVJGEQORTGUUQTHTQOVJGOCKPU
 &GRTGUUWTKUGVJGEQORTGUUQTD[QRGPKPIRNWI
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 1RGPVJGEQPFGPUCVGFTCKPXCNXG
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 5JWVQHHCPFFGRTGUUWTKUGVJGRCTVQHVJGCKTPGVYJKEJKUEQPPGEVGFVQVJGQWVNGV
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 &TCKPVJGQKN
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 2TGXGPVKXGOCKPVGPCPEGUEJGFWNG

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XCNXG
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(QTFGVCKNGFKPUVTWEVKQPUUGGUGEVKQP2TQDNGOUQNXKPI
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9CTTCPV[2TQFWEV.KCDKNKV[
7UGQPN[CWVJQTKUGFRCTVU#P[FCOCIGQTOCNHWPEVKQPECWUGFD[VJGWUGQHWPCWVJQTKUGFRCTVUKUPQV
EQXGTGFD[9CTTCPV[QT2TQFWEV.KCDKNKV[

5GTXKEGMKVU
(QTQXGTJCWNKPIQTECTT[KPIQWVRTGXGPVKXGOCKPVGPCPEGUGTXKEGMKVUCTGCXCKNCDNG
UGGUGEVKQP5GTXKEG
MKVU

5GTXKEGEQPVTCEVU
#VNCU%QREQQHHGTUUGXGTCNV[RGUQHUGTXKEGEQPVTCEVUTGNKGXKPI[QWQHCNNRTGXGPVKXGOCKPVGPCPEGYQTM
%QPUWNV[QWT#VNCU%QREQ%WUVQOGT%GPVTG

)GPGTCN
9JGPUGTXKEKPITGRNCEGCNNTGOQXGFICUMGVU1TKPIUCPFYCUJGTU

+PVGTXCNU
6JGNQECN#VNCU%QREQ%WUVQOGT%GPVTGOC[QXGTTWNGVJGOCKPVGPCPEGUEJGFWNGGURGEKCNN[VJGUGTXKEG
KPVGTXCNUFGRGPFKPIQPVJGGPXKTQPOGPVCNCPFYQTMKPIEQPFKVKQPUQHVJGEQORTGUUQT
6JGNQPIGTKPVGTXCNEJGEMUOWUVCNUQKPENWFGVJGUJQTVGTKPVGTXCNEJGEMU


 +PUVTWEVKQPOCPWCN

5GTXKEGRNCPUHQTEQORTGUUQTUYKVJ'NGMVTQPKMQP++
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#$CUURGEKHKGFKPVJGUEJGFWNGDGNQY'CEJRNCPJCUCRTQITCOOGFVKOGKPVGTXCNCVYJKEJCNN
UGTXKEGCEVKQPUDGNQPIKPIVQVJCVRNCPCTGVQDGECTTKGFQWV9JGPTGCEJKPIVJGKPVGTXCNCOGUUCIGYKNN
CRRGCTQPVJGUETGGPKPFKECVKPIYJKEJUGTXKEGRNCPUCTGVQDGECTTKGFQWVUGGUGEVKQP5VCVWUFCVCOGPW
#HVGTUGTXKEKPIVJGKPVGTXCNUOWUVDGTGUGVUGGUGEVKQP5GTXKEGOGPW

2TGXGPVKXGOCKPVGPCPEGUEJGFWNG
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2GTKQF 1RGTCVKQP
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ŋ 4GOQXGCKTHKNVGTGNGOGPV%NGCPWUKPICPCKTLGVCPFKPURGEV
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4GRNCEGFCOCIGFQTJGCXKN[EQPVCOKPCVGFGNGOGPVU

4WPPKPIJQWTU 5GTXKEGRNCP 1RGTCVKQP

  +H#VNCU%QREQ4QVQ(QQFITCFG(NWKFKUWUGFEJCPIGQKNCPFQKN
HKNVGT
 # +H#VNCU%QREQ4QVQKPLGEV(NWKFKUWUGFEJCPIGQKNCPFQKNHKNVGT
 # 4GRNCEGCKTHKNVGTGNGOGPV
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 $ 6GUVVGORGTCVWTGUJWVFQYPHWPEVKQP
 $ 6GUVUCHGV[XCNXGU
 $ +H#VNCU%QREQ4QVQ:VGPF&WV[(NWKFKUWUGFEJCPIGQKNCPFQKN
HKNVGT
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UGRCTCVQTGZEGGFUDCT
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YJGPVJGEQORTGUUQTKUTWPPKPINQCFGFCPFRTGHGTCDN[YKVJC
UVCDNGYQTMKPIRTGUUWTG


+PUVTWEVKQPOCPWCN

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Ő #NYC[UEQPUWNV#VNCU%QREQKHCVKOGTUGVVKPIJCUVQDGEJCPIGF
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JWOKFKV[QTEQQNKPICKTEQPUWNV[QWT#VNCU%QREQ%WUVQOGT%GPVTG
Ő #P[NGCMCIGUJQWNFDGCVVGPFGFVQKOOGFKCVGN[&COCIGFHNGZKDNGUQTHNGZKDNG
LQKPVUOWUVDGTGRNCEGF

 1KNURGEKHKECVKQPU

0GXGTOKZQKNUQHFKHHGTGPVDTCPFUQTV[RGU
6QCUUWTGIQQFQKNSWCNKV[FTCKPVJGEQORTGUUQTCVCNNFTCKPNQECVKQPU7UGFQKNUNGHV
KPVJGEQORTGUUQTECPEQPVCOKPCVGVJGQKNU[UVGO

+VKUUVTQPIN[TGEQOOGPFGFVQWUG#VNCU%QREQ(NWKF
UGGUGEVKQP2TGXGPVKXGOCKPVGPCPEGUEJGFWNG

#VNCU%QREQ4QVQ+PLGEV(NWKF
1KNHQT+'%WPKVUCPF%5#7.WPKVUYKVJCOQVQTXQNVCIGQH8
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EQORTGUUQTKPGZEGNNGPVEQPFKVKQP4QVQ+PLGEV(NWKFECPDGWUGFHQTEQORTGUUQTUQRGTCVKPICVCODKGPV
VGORGTCVWTGUDGVYGGPu%
u(CPFu%
u(
UGGUGEVKQP5GTXKEGMKVU

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1KNHQT%5#7.CPF,20WPKVUGZEGRVHQTWPKVUYKVJCOQVQTXQNVCIGQH8
5RGEKCNQKNFGNKXGTGFCUCPQRVKQPHQT+'%WPKVUCPF%5#7.WPKVUYKVJCOQVQTXQNVCIGQH8
#VNCU%QREQ4QVQ:VGPF&WV[(NWKFKUCJKIJSWCNKV[U[PVJGVKENWDTKECPVHQTQKNKPLGEVGFUETQNNCPFUETGY
EQORTGUUQTUYJKEJMGGRUVJGEQORTGUUQTKPGZEGNNGPVEQPFKVKQP4QVQ:VGPF&WV[(NWKFECPDGWUGFHQT
EQORTGUUQTUQRGTCVKPICVCODKGPVVGORGTCVWTGUDGVYGGPu%
u(CPFu%
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5GTXKEGMKVU

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5RGEKCNQKNFGNKXGTGFCUCPQRVKQP
#VNCU%QREQ4QVQ(QQFITCFGHNWKFKUCWPKSWGJKIJSWCNKV[U[PVJGVKENWDTKECPVURGEKCNN[ETGCVGFHQTQKN
KPLGEVGFUETGYEQORTGUUQTUVJCVRTQXKFGCKTHQTVJGHQQFKPFWUVT[6JKUNWDTKECPVMGGRUVJGEQORTGUUQT
KPGZEGNNGPVEQPFKVKQP4QVQ(QQFITCFGQKNECPDGWUGFHQTEQORTGUUQTUQRGTCVKPICVCODKGPV
VGORGTCVWTGUDGVYGGPu%
u(CPFu%
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4GOCTM

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 +PUVTWEVKQPOCPWCN

 1KNCPFQKNHKNVGTEJCPIG

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1KNU[UVGOEQORQPGPVU

 4WPVJGEQORTGUUQTWPVKNYCTO5VQRVJGEQORTGUUQTCHVGTOKPWVGUQHWPNQCFGFQRGTCVKQP
%NQUGVJGCKTQWVNGVXCNXGCPFUYKVEJQHHVJGXQNVCIG9CKVCHGYOKPWVGUCPFFGRTGUUWTKUGD[
WPUETGYKPIQKNHKNNGTRNWI
(%LWUVQPGVWTPVQRGTOKVCP[RTGUUWTGKPVJGU[UVGOVQGUECRG
 .QQUGPVJGXGPVRNWIQHVJGQKNEQQNGTCPFYCKVHQTOKPWVGU5GGUGEVKQP+PVTQFWEVKQPHQTVJG
RQUKVKQPQHVJGXGPVRNWI
82
 &TCKPVJGQKND[TGOQXKPIVJGFTCKPRNWI
Ő QPVJGCKTTGEGKXGT
&2
 %QNNGEVVJGQKNKPCEQNNGEVQTCPFFGNKXGTKVVQVJGNQECNEQNNGEVKQPUGTXKEG4GHKVCPFVKIJVGPVJG
FTCKPCPFXGPVRNWIUCHVGTFTCKPKPI


+PUVTWEVKQPOCPWCN

 4GOQXGVJGQKNHKNVGT
1(%NGCPVJGUGCVQPVJGOCPKHQNF1KNVJGICUMGVQHVJGPGYHKNVGTCPF
UETGYKVKPVQRNCEG6KIJVGPHKTON[D[JCPF
 4GOQXGHKNNGTRNWI
(%
(KNNVJGCKTTGEGKXGT
#4YKVJQKNWPVKNVJGNGXGNTGCEJGUVJGHKNNGTPGEM
6CMGECTGVJCVPQFKTVFTQRUKPVQVJGU[UVGO4GHKVCPFVKIJVGPHKNNGTRNWI
(%
 4WPVJGEQORTGUUQTNQCFGFHQTCHGYOKPWVGU5VQRVJGEQORTGUUQTCPFYCKVCHGYOKPWVGU
VQCNNQYVJGQKNVQUGVVNG
 &GRTGUUWTKUGVJGU[UVGOD[WPUETGYKPIHKNNGTRNWI
(%LWUVQPGVWTPVQRGTOKVCP[RTGUUWTGKP
VJGU[UVGOVQGUECRG4GOQXGVJGRNWI
(KNNVJGCKTTGEGKXGTYKVJQKNWPVKNVJGNGXGNTGCEJGUVJGHKNNGTPGEM
6KIJVGPVJGHKNNGTRNWI
 4GUGVVJGUGTXKEGVKOGT
Ő (QTEQORTGUUQTUGSWKRRGFYKVJCP'NGMVTQPKMQP++TGIWNCVQTCHVGTECTT[KPIQWVCNNUGTXKEG
CEVKQPUKPVJGTGNGXCPVŋ5GTXKEG2NCPŌTGUGVVJGUGTXKEGYCTPKPIUGGUGEVKQP5GTXKEGOGPW

 5VQTCIGCHVGTKPUVCNNCVKQP

2TQEGFWTG
4WPVJGEQORTGUUQTGIVYKEGCYGGMWPVKNYCTO.QCFCPFWPNQCFVJGEQORTGUUQTCHGYVKOGU

+HVJGEQORTGUUQTKUIQKPIVQDGUVQTGFYKVJQWVTWPPKPIHTQOVKOGVQVKOG
RTQVGEVKXGOGCUWTGUOWUVDGVCMGP%QPUWNV#VNCU%QREQ

 5GTXKEGMKVU

&GUETKRVKQP
5GTXKEGMKVUCTGCXCKNCDNGQHHGTKPIVJGDGPGHKVQHIGPWKPG#VNCU%QREQRCTVUYJKNGMGGRKPIVJG
OCKPVGPCPEGDWFIGVNQY6JGMKVUEQORTKUGCNNRCTVUPGGFGFHQTUGTXKEKPI

5GTXKEGMKVHQTQKNHKNVGTUCPFCKTHKNVGTU

5GTXKEGMKVHQTQKNHKNVGTUCPFCKTHKNVGTU 1TFGTKPIPWODGT


#VNCU%QREQ4QVQ+PLGEV(NWKF
#NUQEQPUWNVUGEVKQP1KNURGEKHKECVKQP

1TFGTKPIPWODGT
NKVTGECP
75ICN+ORICN 
NKVTGECP
75ICN+ORICN 
NKVTGFTWO
75ICN+ORICN 


 +PUVTWEVKQPOCPWCN

#VNCU%QREQ4QVQ:VGPF&WV[(NWKF
#NUQEQPUWNVUGEVKQP1KNURGEKHKECVKQP

1TFGTKPIPWODGT
NKVTGECP
75ICN+ORICN 
NKVTGECP
75ICN+ORICN 
NKVTGFTWO
75ICN+ORICN 

#VNCU%QREQ4QVQ(QQFITCFG(NWKF
#NUQEQPUWNVUGEVKQP1KNURGEKHKECVKQP

1TFGTKPIPWODGT
NKVTGECP
75ICN+ORICN 
NKVTGFTWO
75ICN+ORICN 


+PUVTWEVKQPOCPWCN

 #FLWUVOGPVUCPFUGTXKEKPIRTQEGFWTGU

 #KTHKNVGT

.QECVKQPQHCKTHKNVGT

#KTHKNVGT


 +PUVTWEVKQPOCPWCN

5GTXKEGKPFKECVQT

4GEQOOGPFCVKQPU
 0GXGTTGOQXGVJGGNGOGPVYJKNGVJGEQORTGUUQTKUTWPPKPI
 (QTOKPKOWOFQYPVKOGTGRNCEGVJGFKTV[GNGOGPVD[CPGYQPG
 &KUECTFVJGGNGOGPVYJGPFCOCIGF

2TQEGFWTG
 5VQRVJGEQORTGUUQT5YKVEJQHHVJGXQNVCIG
 4GOQXGVJGEQXGTQHCKTHKNVGT
#(D[VWTPKPIKVCPVKENQEMYKUG4GOQXGVJGHKNVGTGNGOGPV+H
PGEGUUCT[ENGCPVJGEQXGT
 (KVVJGPGYGNGOGPVCPFVJGEQXGT
 4GUGVUGTXKEGKPFKECVQT
D[RWUJKPIVJGMPQDKPVJGGZVTGOKV[QHVJGDQF[
 4GUGVVJGCKTHKNVGTUGTXKEGYCTPKPI
%QPUWNVUGEVKQP5VCVWUFCVCOGPWVQTGUGVVJGUGTXKEGYCTPKPIQP'NGMVTQPKMQP++TGIWNCVQTU

 %QQNGTU

%NGCPKPI
-GGRVJGEQQNGTUENGCPVQOCKPVCKPGHHKEKGPE[
1PCKTEQQNGFEQORTGUUQTU
Ő 5VQRVJGEQORTGUUQTENQUGVJGCKTQWVNGVXCNXGCPFUYKVEJQHHVJGXQNVCIG
Ő %QXGTCNNRCTVUWPFGTVJGEQQNGTU


+PUVTWEVKQPOCPWCN

Ő 4GOQXGCP[FKTVHTQOVJGEQQNGTUYKVJCHKDTGDTWUJ0GXGTWUGCYKTGDTWUJQTOGVCNQDLGEVU
Ő 6JGPENGCPYKVJCPCKTLGVKPVJGTGXGTUGFKTGEVKQPVQPQTOCNHNQY
Ő +HKVKUPGEGUUCT[VQYCUJVJGEQQNGTUYKVJCENGCPKPICIGPVEQPUWNV#VNCU%QREQ

 5CHGV[XCNXGU

.QECVKQPQHUCHGV[XCNXG

1RGTCVKPI
1RGTCVGVJGUCHGV[XCNXGD[WPUETGYKPIVJGECRQPGQTVYQVWTPUCPFTGVKIJVGPKPIKV

6GUVKPI
$GHQTGTGOQXKPIVJGXCNXGFGRTGUUWTKUGVJGEQORTGUUQT
5GGUGEVKQP2TQDNGOUQNXKPI
8CNXG
58ECPDGVGUVGFQPCUGRCTCVGCKTNKPG+HVJGXCNXGFQGUPQVQRGPCVVJGUGVRTGUUWTGUVCORGF
QPVJGXCNXGEQPUWNV#VNCU%QREQ

9CTPKPI
0QCFLWUVOGPVUCTGCNNQYGF0GXGTTWPVJGEQORTGUUQTYKVJQWVUCHGV[XCNXG


 +PUVTWEVKQPOCPWCN

 2TQDNGOUQNXKPI

 2TQDNGOUQNXKPI

9CTPKPI

$GHQTGECTT[KPIQWVCP[OCKPVGPCPEGTGRCKTYQTMQTCFLWUVOGPVRTGUUVJGUVQR
DWVVQPYCKVWPVKNVJGEQORTGUUQTJCUUVQRRGF
CRRTQZUGEQPFURTGUUVJG
GOGTIGPE[UVQRDWVVQPCPFUYKVEJQHHVJGXQNVCIG%NQUGVJGCKTQWVNGVXCNXGCPFKH
RTQXKFGFQRGPVJGOCPWCNEQPFGPUCVGFTCKPXCNXGU&GRTGUUWTKUGVJGEQORTGUUQT
D[QRGPKPIVJGQKNHKNNGTRNWIQPGVWTP
(QTNQECVKQPQHEQORQPGPVUUGGUGEVKQPU
Ő +PVTQFWEVKQP
Ő %QPFGPUCVGU[UVGO
Ő +PKVKCNUVCTVWR
1RGPCPFNQEMVJGKUQNCVKPIUYKVEJ
6JGCKTQWVNGVXCNXGECPDGNQEMGFFWTKPIOCKPVGPCPEGQTTGRCKTCUHQNNQYU
Ő %NQUGVJGXCNXG
Ő 4GOQXGVJGUETGYHKZKPIVJGJCPFNGYKVJVJGYTGPEJFGNKXGTGFYKVJVJG
EQORTGUUQT
Ő .KHVVJGJCPFNGCPFVWTPKVWPVKNVJGUNQVQHVJGJCPFNGHKVUQXGTVJGDNQEMKPIGFIG
QPVJGXCNXGDQF[
Ő (KVVJGUETGY
6JGQRGTCVQTOWUVCRRN[CNNTGNGXCPV5CHGV[RTGECWVKQPU

(CWNVUCPFTGOGFKGU
1PEQORTGUUQTUGSWKRRGFYKVJCP'NGMVTQPKMQP++TGIWNCVQTKHVJGCNCTO.'&KUNKVQTHNCUJGUEQPUWNV
UGEVKQPU5VCVWUFCVCOGPWCPF5GTXKEGOGPW

 %QPFKVKQP (CWNV 4GOGF[

%QORTGUUQTUVCTVUTWPPKPIDWV 5QNGPQKFXCNXGQWVQHQTFGT 4GRNCEGXCNXG
FQGUPQVNQCFCHVGTCFGNC[VKOG
+PNGVXCNXGUVWEMKPENQUGF *CXGXCNXGEJGEMGF
RQUKVKQP
.GCMKPEQPVTQNCKTHNGZKDNGU 4GRNCEGNGCMKPIHNGZKDNG
/KPKOWORTGUUWTGXCNXGNGCMKPI *CXGXCNXGEJGEMGF

YJGPPGVKUFGRTGUUWTKUGF

 %QPFKVKQP (CWNV 4GOGF[

%QORTGUUQTFQGUPQVWPNQCF 5QNGPQKFXCNXGQWVQHQTFGT 4GRNCEGXCNXG
UCHGV[XCNXGDNQYU
+PNGVXCNXGFQGUPQVENQUG *CXGXCNXGEJGEMGF


+PUVTWEVKQPOCPWCN
 %QPFKVKQP
%QPFGPUCVGKUPQVFKUEJCTIGF
HTQOEQPFGPUCVGUGRCTCVQT
FWTKPINQCFKPI
 %QPFKVKQP
%QORTGUUQTCKTQWVRWVQT
RTGUUWTGDGNQYPQTOCN
 %QPFKVKQP
'ZEGUUKXGQKNEQPUWORVKQPQKN
ECTT[QXGTVJTQWIJFKUEJCTIG
NKPG
 %QPFKVKQP
5CHGV[XCNXGDNQYUCHVGT
NQCFKPI
(CWNV
&KUEJCTIGHNGZKDNGENQIIGF
(NQCVXCNXGOCNHWPEVKQPKPI
(CWNV
#KTEQPUWORVKQPGZEGGFUCKT
FGNKXGT[QHEQORTGUUQT
%JQMGFCKTHKNVGTGNGOGPV
5QNGPQKFXCNXGOCNHWPEVKQPKPI
.GCMKPEQPVTQNCKTHNGZKDNGU
+PNGVXCNXGFQGUPQVHWNN[QRGP
1KNUGRCTCVQTENQIIGF
#KTNGCMCIG
5CHGV[XCNXGNGCMKPI
%QORTGUUQTGNGOGPVQWVQH
QTFGT
(CWNV
1KNNGXGNVQQJKIJ
+PEQTTGEVQKNECWUKPIHQCO
1KNUGRCTCVQTFGHGEVKXG
(CWNV
+PNGVXCNXGOCNHWPEVKQPKPI
/KPKOWORTGUUWTGXCNXG
OCNHWPEVKQPKPI
5CHGV[XCNXGQWVQHQTFGT
%QORTGUUQTGNGOGPVQWVQH
QTFGT
1KNUGRCTCVQTGNGOGPVENQIIGF
4GOGF[
%JGEMCPFEQTTGEVCU
PGEGUUCT[
4GOQXGHNQCVXCNXG
CUUGODN[ENGCPCPFEJGEM
4GOGF[
%JGEMGSWKROGPVEQPPGEVGF
4GRNCEGHKNVGTGNGOGPV
4GRNCEGXCNXG
4GRNCEGNGCMKPIHNGZKDNGU
*CXGXCNXGEJGEMGF
*CXGGNGOGPVTGRNCEGF
*CXGNGCMUTGRCKTGF
*CXGXCNXGTGRNCEGF
%QPUWNV#VNCU%QREQ
4GOGF[
%JGEMHQTQXGTHKNNKPI
4GNGCUGRTGUUWTGCPFFTCKP
QKNVQEQTTGEVNGXGN
%JCPIGVQEQTTGEVQKN
*CXGGNGOGPVEJGEMGF
4GRNCEGKHPGEGUUCT[
4GOGF[
*CXGXCNXGEJGEMGF
*CXGXCNXGEJGEMGF
*CXGXCNXGTGRNCEGF
%QPUWNV#VNCU%QREQ
*CXGGNGOGPVTGRNCEGF


 %QPFKVKQP
%QORTGUUQTGNGOGPVQWVNGV
VGORGTCVWTGQTFGNKXGT[CKT
VGORGTCVWTGCDQXGPQTOCN

(CWNV
1KNNGXGNVQQNQY
1PCKTEQQNGFEQORTGUUQTU
KPUWHHKEKGPVEQQNKPICKTQT
EQQNKPICKTVGORGTCVWTGVQQJKIJ XGPVKNCVKQPQHVJG
1KNEQQNGTENQIIGF
$[RCUUXCNXGOCNHWPEVKQPKPI
#KTEQQNGTENQIIGF
%QORTGUUQTGNGOGPVQWVQH
QTFGT
+PUVTWEVKQPOCPWCN
4GOGF[
%JGEMCPFEQTTGEV
%JGEMHQTEQQNKPICKT
TGUVTKEVKQPQTKORTQXG
EQORTGUUQTTQQO#XQKF
TGEKTEWNCVKPIQHEQQNKPICKT+H
KPUVCNNGFEJGEMECRCEKV[QH
EQORTGUUQTTQQOHCP
%NGCPEQQNGT
*CXGXCNXGVGUVGF
%NGCPEQQNGT
%QPUWNV#VNCU%QREQ
%WUVQOGT%GPVTG
+PUVTWEVKQPOCPWCN

 6GEJPKECNFCVC

 4GCFKPIUQPFKURNC[

&KURNC[QH'NGMVTQPKMQPTGIWNCVQT

'NGMVTQPKMQP++TGIWNCVQT

+ORQTVCPV

6JGTGCFKPIUOGPVKQPGFDGNQYCTGXCNKFWPFGTVJGTGHGTGPEGEQPFKVKQPU
UGGUGEVKQP
4GHGTGPEGEQPFKVKQPUCPFNKOKVCVKQPU

4GHGTGPEG 4GCFKPI
#KTQWVNGVRTGUUWTG /QFWNCVGUDGVYGGPRTQITCOOGFWPNQCFKPICPFNQCFKPIRTGUUWTGU
%QORTGUUQTGNGOGPV u%
u(CDQXGEQQNKPICKTVGORGTCVWTG
QWVNGVVGORGTCVWTG
&GYRQKPV 5GGUGEVKQP%QORTGUUQTFCVC
VGORGTCVWTG

 'NGEVTKEECDNGUK\G

#VVGPVKQP

.QECNTGIWNCVKQPUTGOCKPCRRNKECDNGKHVJG[CTGUVTKEVGTVJCPVJGXCNWGURTQRQUGF
DGNQY
6JGXQNVCIGFTQROWUVPQVGZEGGFQHVJGPQOKPCNXQNVCIG+VOC[DGPGEGUUCT[
VQWUGECDNGUQHCNCTIGTUK\GVJCPVJQUGUVCVGFVQEQORN[YKVJVJKUTGSWKTGOGPV


 +PUVTWEVKQPOCPWCN

%CDNGUK\G

)# )# )# )# )#

(TGSWGPE[ 8QNVCIG %CDNGUK\G %CDNGUK\G %CDNGUK\G %CDNGUK\G %CDNGUK\G
*\
8
+'% 5VCTFGNVC OO OO OO OO OO
      
      
      
      
      
      
      
      
      
%5#7. &1. #9) #9) #9) #9) #9)
  #9) #9)   
  #9) #9)   
  #9) #9) #9) #9) #9)
  #9) #9) #9) #9) #9)
%5#7. 5VCTFGNVC #9) #9) #9) #9) #9)
    #9) #9) 
    #9) #9) 

 5GVVKPIUQHHCPOQVQTEKTEWKVDTGCMGT

%KTEWKVDTGCMGT

)# WRVQ)# )#TCFKCNHCP

 TCFKCNHCP
(TGSWGPE[ 8QNVCIG
8 (CPOQVQTEKTEWKV (CPOQVQTEKTEWKV

*\ DTGCMGT3
# DTGCMGT3
#
+'% 5VCTFGNVC
   
   
   
   
   
   
   
   
   


+PUVTWEVKQPOCPWCN

)# WRVQ)# )#TCFKCNHCP

 TCFKCNHCP
(TGSWGPE[ 8QNVCIG
8 (CPOQVQTEKTEWKV (CPOQVQTEKTEWKV

*\ DTGCMGT3
# DTGCMGT3
#
%5#7. &1.
   
   
   
   
%5#7. 5VCTFGNVC 1PN[HQT)# CPF
)#
   
   

 5GVVKPIUHQTQXGTNQCFTGNC[CPFHWUGU

1XGTNQCFTGNC[CPFHWUGU

)# )# )# )#

(TGSWGPE[
*\ 8QNVCIG
8 1XGTNQCF /CKPHWUGU 1XGTNQCF /CKPHWUGU
TGNC[( EQORTGUUQT TGNC[( EQORTGUUQT

# UWRRN[
#
# UWRRN[
#
+'% 5VCTFGNVC I.I) I.I)
     
     
     
     
     
     
     
     
     
%5#7. &1. %5#*4% %5#*4%
7.4- 7.4-
     
     
     
     


 +PUVTWEVKQPOCPWCN

)# )# )# )# )# )#

(TGSWGPE[ 8QNVCIG 1XGTNQCF /CKPHWUGU 1XGTNQCF /CKPHWUGU 1XGTNQCF /CKPHWUGU

*\
8 TGNC[( EQORTGUUQT TGNC[( EQORTGUUQT TGNC[( EQORTGUUQT

# UWRRN[
#
# UWRRN[
#
# UWRRN[
#
+'% 5VCTFGNVC I.I) I.I) I.I)
       
       
       
       
       
       
       
       
       
%5#7. 5VCTFGNVC %5#*4% %5#*4% %5#*4%
7.4- 7.4- 7.4-
       
       
%5#7. &1. %5#*4% %5#*4% %5#*4%
7.4- 7.4- 7.4-
       
       

 &T[GTUYKVEJGU
+(&

)GPGTCN
6JGTGIWNCVKPICPFUCHGV[FGXKEGUCTGHCEVQT[CFLWUVGFVQIKXGQRVKOWORGTHQTOCPEGQHVJGFT[GT
&QPQVCNVGTVJGUGVVKPIQHCP[QHVJGFGXKEGU

5GVVKPIU

%QPFGPUGTHCPEQPVTQNUYKVEJ
%WVQWVRTGUUWTG DCT
G 
5YKVEJQPRTGUUWTG DCT
G 


+PUVTWEVKQPOCPWCN

 4GHGTGPEGEQPFKVKQPUCPFNKOKVCVKQPU

4GHGTGPEGEQPFKVKQPU

#KTKPNGVRTGUUWTG
CDUQNWVG DCT 
#KTKPNGVRTGUUWTG
CDUQNWVG RUK 
#KTKPNGVVGORGTCVWTG u% 
#KTKPNGVVGORGTCVWTG u( 
4GNCVKXGJWOKFKV[  
9QTMKPIRTGUUWTG 5GGUGEVKQP%QORTGUUQTFCVC

.KOKVU

/CZKOWOYQTMKPIRTGUUWTG 5GGUGEVKQP%QORTGUUQTFCVC
/KPKOWOYQTMKPIRTGUUWTG DCT
G 
/KPKOWOYQTMKPIRTGUUWTG RUKI 
/CZKOWOCKTKPNGVVGORGTCVWTG u% 
/CZKOWOCKTKPNGVVGORGTCVWTG u( 
/KPKOWOCKTKPNGVVGORGTCVWTG u% 
/KPKOWOCKTKPNGVVGORGTCVWTG u( 

 %QORTGUUQTFCVC

4GHGTGPEGEQPFKVKQPU

#NNFCVCURGEKHKGFDGNQYCRRN[WPFGTTGHGTGPEGEQPFKVKQPUUGGUGEVKQP4GHGTGPEG
EQPFKVKQPUCPFNKOKVCVKQPU


 +PUVTWEVKQPOCPWCN

)#

7PKVU DCT DCT DCT DCT    

RUK RUK RUK RUK
(TGSWGPE[ *\        
/CZKOWO DCT
G        

WPNQCFKPI
RTGUUWTG
/CZKOWO RUKI        

WPNQCFKPI
RTGUUWTG
/CZKOWO DCT
G        

WPNQCFKPI
RTGUUWTG(WNN
(GCVWTGWPKVU
/CZKOWO RUKI        

WPNQCFKPI
RTGUUWTG(WNN
(GCVWTGWPKVU
0QOKPCNYQTMKPI DCT
G        
RTGUUWTG
0QOKPCNYQTMKPI RUKI        
RTGUUWTG
2TGUUWTGFTQRQXGT DCT
G        
FT[GT(WNN(GCVWTG
WPKVU
2TGUUWTGFTQRQXGT RUKI        
FT[GT(WNN(GCVWTG
WPKVU
/QVQTUJCHVURGGF TOKP        
5GVRQKPV u%        
VJGTOQUVCVKEXCNXG
5GVRQKPV u(        
VJGTOQUVCVKEXCNXG
6GORGTCVWTGQHCKT u%        
NGCXKPIQWVNGVXCNXG

CRRTQZ
6GORGTCVWTGQHCKT u(        
NGCXKPIQWVNGVXCNXG

CRRTQZ
6GORGTCVWTGQHCKT u%        
NGCXKPIQWVNGVXCNXG

CRRTQZ(WNN
(GCVWTGWPKVU
6GORGTCVWTGQHCKT u(        
NGCXKPIQWVNGVXCNXG

CRRTQZ(WNN
(GCVWTGWPKVU


+PUVTWEVKQPOCPWCN

7PKVU DCT DCT DCT DCT    

RUK RUK RUK RUK
2TGUUWTGFGY u%        
RQKPV(WNN(GCVWTG
WPKVU
2TGUUWTGFGY u(        
RQKPV(WNN(GCVWTG
WPKVU
2QYGTKPRWV M9        
9QTMRNCEG
2QYGTKPRWV JR        
9QTMRNCEG
2QYGTKPRWV M9        
9QTMRNCEG(WNN
(GCVWTG
2QYGTKPRWV JR        
9QTMRNCEG(WNN
(GCVWTG
2QYGT M9        
EQPUWORVKQP
FT[GT
CVHWNNNQCF(WNN
(GCVWTGWPKVU
2QYGT JR        
EQPUWORVKQP
FT[GT
CVHWNNNQCF(WNN
(GCVWTGWPKVU
2QYGT M9        
EQPUWORVKQP
FT[GT
CVPQNQCF(WNN
(GCVWTGWPKVU
2QYGT JR        
EQPUWORVKQP
FT[GT
CVPQNQCF(WNN
(GCVWTGWPKVU
4GHTKIGTCPVV[RG 4C 4C 4C 4C 4C 4C 4C 4C
(WNN(GCVWTGWPKVU
6QVCNCOQWPV MI        

TGHTKIGTCPV(WNN
(GCVWTGWPKVU
6QVCNCOQWPV ND        

TGHTKIGTCPV(WNN
(GCVWTGWPKVU


 +PUVTWEVKQPOCPWCN

7PKVU DCT DCT DCT DCT    

RUK RUK RUK RUK
1KNECRCEKV[ N        
1KNECRCEKV[ 75ICN        
1KNECRCEKV[ +ORICN        
1KNECRCEKV[ EWHV        
5QWPFRTGUUWTG F$
#        
NGXGN9QTMRNCEG
CPF9QTMRNCEG(WNN
(GCVWTG
CEEQTFKPI
VQ+51



)#

7PKVU DCT DCT DCT DCT    

RUK RUK RUK RUK
(TGSWGPE[ *\        
/CZKOWO DCT
G        

WPNQCFKPI
RTGUUWTG
/CZKOWO RUKI        

WPNQCFKPI
RTGUUWTG
/CZKOWO DCT
G        

WPNQCFKPI
RTGUUWTG(WNN
(GCVWTGWPKVU
/CZKOWO RUKI        

WPNQCFKPI
RTGUUWTG(WNN
(GCVWTGWPKVU
0QOKPCNYQTMKPI DCT
G        
RTGUUWTG
0QOKPCNYQTMKPI RUKI        
RTGUUWTG
2TGUUWTGFTQRQXGT DCT
G        
FT[GT(WNN(GCVWTG
WPKVU
2TGUUWTGFTQRQXGT RUKI        
FT[GT(WNN(GCVWTG
WPKVU
/QVQTUJCHVURGGF TOKP        
5GVRQKPV u%        
VJGTOQUVCVKEXCNXG
5GVRQKPV u(        
VJGTOQUVCVKEXCNXG


+PUVTWEVKQPOCPWCN

7PKVU DCT DCT DCT DCT    

RUK RUK RUK RUK
6GORGTCVWTGQHCKT u%        
NGCXKPIQWVNGVXCNXG

CRRTQZ
6GORGTCVWTGQHCKT u(        
NGCXKPIQWVNGVXCNXG

CRRTQZ
6GORGTCVWTGQHCKT u%        
NGCXKPIQWVNGVXCNXG

CRRTQZ(WNN
(GCVWTGWPKVU
6GORGTCVWTGQHCKT u(        
NGCXKPIQWVNGVXCNXG

CRRTQZ(WNN
(GCVWTGWPKVU
2TGUUWTGFGY u%        
RQKPV(WNN(GCVWTG
WPKVU
2TGUUWTGFGY u(        
RQKPV(WNN(GCVWTG
WPKVU
2QYGTKPRWV M9        
9QTMRNCEG
2QYGTKPRWV JR        
9QTMRNCEG
2QYGTKPRWV M9        
9QTMRNCEG(WNN
(GCVWTG
2QYGTKPRWV JR        
9QTMRNCEG(WNN
(GCVWTG
2QYGT M9        
EQPUWORVKQP
FT[GT
CVHWNNNQCF(WNN
(GCVWTGWPKVU
2QYGT JR        
EQPUWORVKQP
FT[GT
CVHWNNNQCF(WNN
(GCVWTGWPKVU
2QYGT M9        
EQPUWORVKQP
FT[GT
CVPQNQCF(WNN
(GCVWTGWPKVU
2QYGT JR        
EQPUWORVKQP
FT[GT
CVPQNQCF(WNN
(GCVWTGWPKVU
4GHTKIGTCPVV[RG 4C 4C 4C 4C 4C 4C 4C 4C
(WNN(GCVWTGWPKVU


 +PUVTWEVKQPOCPWCN

7PKVU DCT DCT DCT DCT    

RUK RUK RUK RUK
6QVCNCOQWPV MI        

TGHTKIGTCPV(WNN
(GCVWTGWPKVU
6QVCNCOQWPV ND        

TGHTKIGTCPV(WNN
(GCVWTGWPKVU
1KNECRCEKV[ N        
1KNECRCEKV[ 75ICN        
1KNECRCEKV[ +ORICN        
1KNECRCEKV[ EWHV        
5QWPFRTGUUWTG F$
#        
NGXGN9QTMRNCEG
CPF9QTMRNCEG(WNN
(GCVWTG
CEEQTFKPI
VQ+51



)#

7PKVU DCT DCT DCT DCT    

RUK RUK RUK RUK
(TGSWGPE[ *\        
/CZKOWO DCT
G        

WPNQCFKPI
RTGUUWTG
/CZKOWO RUKI        

WPNQCFKPI
RTGUUWTG
/CZKOWO DCT
G        

WPNQCFKPI
RTGUUWTG(WNN
(GCVWTGWPKVU
/CZKOWO RUKI        

WPNQCFKPI
RTGUUWTG(WNN
(GCVWTGWPKVU
0QOKPCNYQTMKPI DCT
G        
RTGUUWTG
0QOKPCNYQTMKPI RUKI        
RTGUUWTG
2TGUUWTGFTQRQXGT DCT
G        
FT[GT(WNN(GCVWTG
WPKVU
2TGUUWTGFTQRQXGT RUKI        
FT[GT(WNN(GCVWTG
WPKVU
/QVQTUJCHVURGGF TOKP        


+PUVTWEVKQPOCPWCN

7PKVU DCT DCT DCT DCT    

RUK RUK RUK RUK
5GVRQKPV u%        
VJGTOQUVCVKEXCNXG
5GVRQKPV u(        
VJGTOQUVCVKEXCNXG
6GORGTCVWTGQHCKT u%        
NGCXKPIQWVNGVXCNXG

CRRTQZ
6GORGTCVWTGQHCKT u(        
NGCXKPIQWVNGVXCNXG

CRRTQZ
6GORGTCVWTGQHCKT u%        
NGCXKPIQWVNGVXCNXG

CRRTQZ(WNN
(GCVWTGWPKVU
6GORGTCVWTGQHCKT u(        
NGCXKPIQWVNGVXCNXG

CRRTQZ(WNN
(GCVWTGWPKVU
2TGUUWTGFGY u%        
RQKPV(WNN(GCVWTG
WPKVU
2TGUUWTGFGY u(        
RQKPV(WNN(GCVWTG
WPKVU
2QYGTKPRWV M9        
9QTMRNCEG
2QYGTKPRWV JR        
9QTMRNCEG
2QYGTKPRWV M9        
9QTMRNCEG(WNN
(GCVWTG
2QYGTKPRWV JR        
9QTMRNCEG(WNN
(GCVWTG
2QYGT M9        
EQPUWORVKQP
FT[GT
CVHWNNNQCF(WNN
(GCVWTGWPKVU
2QYGT JR        
EQPUWORVKQP
FT[GT
CVHWNNNQCF(WNN
(GCVWTGWPKVU
2QYGT M9        
EQPUWORVKQP
FT[GT
CVPQNQCF(WNN
(GCVWTGWPKVU


 +PUVTWEVKQPOCPWCN

7PKVU DCT DCT DCT DCT    

RUK RUK RUK RUK
2QYGT JR        
EQPUWORVKQP
FT[GT
CVPQNQCF(WNN
(GCVWTGWPKVU
4GHTKIGTCPVV[RG 4C 4C 4C 4C 4C 4C 4C 4C
(WNN(GCVWTGWPKVU
6QVCNCOQWPV MI        

TGHTKIGTCPV(WNN
(GCVWTGWPKVU
6QVCNCOQWPV ND        

TGHTKIGTCPV(WNN
(GCVWTGWPKVU
1KNECRCEKV[ N        
1KNECRCEKV[ 75ICN        
1KNECRCEKV[ +ORICN        
1KNECRCEKV[ EWHV        
5QWPFRTGUUWTG F$
#        
NGXGN9QTMRNCEG
CPF9QTMRNCEG(WNN
(GCVWTG
CEEQTFKPI
VQ+51



)#

7PKVU DCT DCT DCT DCT    

RUK RUK RUK RUK
(TGSWGPE[ *\        
/CZKOWO DCT
G        

WPNQCFKPI
RTGUUWTG
/CZKOWO RUKI        

WPNQCFKPI
RTGUUWTG
/CZKOWO DCT
G        

WPNQCFKPI
RTGUUWTG(WNN
(GCVWTGWPKVU
/CZKOWO RUKI        

WPNQCFKPI
RTGUUWTG(WNN
(GCVWTGWPKVU
0QOKPCNYQTMKPI DCT
G        
RTGUUWTG
0QOKPCNYQTMKPI RUKI        
RTGUUWTG


+PUVTWEVKQPOCPWCN

7PKVU DCT DCT DCT DCT    

RUK RUK RUK RUK
2TGUUWTGFTQRQXGT DCT
G        
FT[GT(WNN(GCVWTG
WPKVU
2TGUUWTGFTQRQXGT RUKI        
FT[GT(WNN(GCVWTG
WPKVU
/QVQTUJCHVURGGF TOKP        
5GVRQKPV u%        
VJGTOQUVCVKEXCNXG
5GVRQKPV u(        
VJGTOQUVCVKEXCNXG
6GORGTCVWTGQHCKT u%        
NGCXKPIQWVNGVXCNXG

CRRTQZ
6GORGTCVWTGQHCKT u(        
NGCXKPIQWVNGVXCNXG

CRRTQZ
6GORGTCVWTGQHCKT u%        
NGCXKPIQWVNGVXCNXG

CRRTQZ(WNN
(GCVWTGWPKVU
6GORGTCVWTGQHCKT u(        
NGCXKPIQWVNGVXCNXG

CRRTQZ(WNN
(GCVWTGWPKVU
2TGUUWTGFGY u%        
RQKPV(WNN(GCVWTG
WPKVU
2TGUUWTGFGY u(        
RQKPV(WNN(GCVWTG
WPKVU
2QYGTKPRWV M9        
9QTMRNCEG
2QYGTKPRWV JR        
9QTMRNCEG
2QYGTKPRWV M9        
9QTMRNCEG(WNN
(GCVWTG
2QYGTKPRWV JR        
9QTMRNCEG(WNN
(GCVWTG
2QYGT M9        
EQPUWORVKQP
FT[GT
CVHWNNNQCF(WNN
(GCVWTGWPKVU


 +PUVTWEVKQPOCPWCN

7PKVU DCT DCT DCT DCT    

RUK RUK RUK RUK
2QYGT JR        
EQPUWORVKQP
FT[GT
CVHWNNNQCF(WNN
(GCVWTGWPKVU
2QYGT M9        
EQPUWORVKQP
FT[GT
CVPQNQCF(WNN
(GCVWTGWPKVU
2QYGT JR        
EQPUWORVKQP
FT[GT
CVPQNQCF(WNN
(GCVWTGWPKVU
4GHTKIGTCPVV[RG 4C 4C 4C 4C 4C 4C 4C 4C
(WNN(GCVWTGWPKVU
6QVCNCOQWPV MI        

TGHTKIGTCPV(WNN
(GCVWTGWPKVU
6QVCNCOQWPV ND        

TGHTKIGTCPV(WNN
(GCVWTGWPKVU
1KNECRCEKV[ N        
1KNECRCEKV[ 75ICN        
1KNECRCEKV[ +ORICN        
1KNECRCEKV[ EWHV        
5QWPFRTGUUWTG F$
#        
NGXGN9QTMRNCEG
CPF9QTMRNCEG(WNN
(GCVWTG
CEEQTFKPI
VQ+51




+PUVTWEVKQPOCPWCN

)#

7PKVU DCT DCT DCT DCT    

RUK RUK RUK RUK
(TGSWGPE[ *\        
/CZKOWO DCT
G        

WPNQCFKPI
RTGUUWTG
/CZKOWO RUKI        

WPNQCFKPI
RTGUUWTG
/CZKOWO DCT
G        

WPNQCFKPI
RTGUUWTG(WNN
(GCVWTGWPKVU
/CZKOWO RUKI        

WPNQCFKPI
RTGUUWTG(WNN
(GCVWTGWPKVU
0QOKPCNYQTMKPI DCT
G        
RTGUUWTG
0QOKPCNYQTMKPI RUKI        
RTGUUWTG
2TGUUWTGFTQRQXGT DCT
G        
FT[GT(WNN(GCVWTG
WPKVU
2TGUUWTGFTQRQXGT RUKI        
FT[GT(WNN(GCVWTG
WPKVU
/QVQTUJCHVURGGF TOKP        
5GVRQKPV u%        
VJGTOQUVCVKEXCNXG
5GVRQKPV u(        
VJGTOQUVCVKEXCNXG
6GORGTCVWTGQHCKT u%        
NGCXKPIQWVNGVXCNXG

CRRTQZ
6GORGTCVWTGQHCKT u(        
NGCXKPIQWVNGVXCNXG

CRRTQZ
6GORGTCVWTGQHCKT u%        
NGCXKPIQWVNGVXCNXG

CRRTQZ(WNN
(GCVWTGWPKVU
6GORGTCVWTGQHCKT u(        
NGCXKPIQWVNGVXCNXG

CRRTQZ(WNN
(GCVWTGWPKVU


 +PUVTWEVKQPOCPWCN

7PKVU DCT DCT DCT DCT    

RUK RUK RUK RUK
2TGUUWTGFGY u%        
RQKPV(WNN(GCVWTG
WPKVU
2TGUUWTGFGY u(        
RQKPV(WNN(GCVWTG
WPKVU
2QYGTKPRWV M9        
9QTMRNCEG
2QYGTKPRWV JR        
9QTMRNCEG
2QYGTKPRWV M9        
9QTMRNCEG(WNN
(GCVWTG
2QYGTKPRWV JR        
9QTMRNCEG(WNN
(GCVWTG
2QYGT M9        
EQPUWORVKQP
FT[GT
CVHWNNNQCF(WNN
(GCVWTGWPKVU
2QYGT JR        
EQPUWORVKQP
FT[GT
CVHWNNNQCF(WNN
(GCVWTGWPKVU
2QYGT M9        
EQPUWORVKQP
FT[GT
CVPQNQCF(WNN
(GCVWTGWPKVU
2QYGT JR        
EQPUWORVKQP
FT[GT
CVPQNQCF(WNN
(GCVWTGWPKVU
4GHTKIGTCPVV[RG 4C 4C 4C 4C 4C 4C 4C 4C
(WNN(GCVWTGWPKVU
6QVCNCOQWPV MI        

TGHTKIGTCPV(WNN
(GCVWTGWPKVU
6QVCNCOQWPV ND        

TGHTKIGTCPV(WNN
(GCVWTGWPKVU


+PUVTWEVKQPOCPWCN

7PKVU DCT DCT DCT DCT    

RUK RUK RUK RUK
1KNECRCEKV[ N        
1KNECRCEKV[ 75ICN        
1KNECRCEKV[ +ORICN        
1KNECRCEKV[ EWHV        
5QWPFRTGUUWTG F$
#        
NGXGN9QTMRNCEG
CPF9QTMRNCEG(WNN
(GCVWTG
CEEQTFKPI
VQ+51




 +PUVTWEVKQPOCPWCN

 +PUVTWEVKQPUHQTWUGQHCKTTGEGKXGT

 +PUVTWEVKQPUHQTWUG

+PUVTWEVKQPU

 6JKUXGUUGNECPEQPVCKPRTGUUWTKUGFCKTVJKUECPDGRQVGPVKCNN[FCPIGTQWUKHVJG
GSWKROGPVKUOKUWUGF
 6JKUXGUUGNOWUVQPN[DGWUGFCUCEQORTGUUGFCKTQKNUGRCTCVQTCPFOWUVDGQRGTCVGF
YKVJKPVJGNKOKVUURGEKHKGFQPVJGFCVCRNCVG
 0QCNVGTCVKQPUOWUVDGOCFGVQVJKUXGUUGND[YGNFKPIFTKNNKPIQTQVJGTOGEJCPKECN
OGVJQFUYKVJQWVVJGYTKVVGPRGTOKUUKQPQHVJGOCPWHCEVWTGT
 6JGRTGUUWTGCPFVGORGTCVWTGQHVJKUXGUUGNOWUVDGENGCTN[KPFKECVGF
 6JGUCHGV[XCNXGOWUVEQTTGURQPFYKVJRTGUUWTGUWTIGUQHVKOGUVJGOCZKOWO
CNNQYCDNGQRGTCVKPIRTGUUWTG+VUJQWNFIWCTCPVGGVJCVVJGRTGUUWTGYKNNPQV
RGTOCPGPVN[GZEGGFVJGOCZKOWOCNNQYCDNGQRGTCVKPIRTGUUWTGQHVJGXGUUGN
 7UGQPN[QKNCUURGEKHKGFD[VJGOCPWHCEVWTGT
 6JGTGKUPQKPVTKPUKEPGGFHQTUGTXKEGKPURGEVKQPQHVJGXGUUGNYJGPWUGFYKVJKPVJG
FGUKIPNKOKVUHQTKVUKPVGPFGFCRRNKECVKQP
 1TKIKPCNDQNVUJCXGVQDGWUGFCHVGTQRGPKPIHQTKPURGEVKQP6JGOCZKOWOVQTSWGJCUVQ
DGVCMGPKPVQEQPUKFGTCVKQPHQT/DQNVU0O
NDHHV
HQT/DQNVU
0O
NDHHV



+PUVTWEVKQPOCPWCN

 2'&

 2TGUUWTGGSWKROGPVFKTGEVKXGU

%QORQPGPVUUWDLGEVVQ'%2TGUUWTG'SWKROGPV&KTGEVKXG
%QORQPGPVUUWDLGEVVQ'%2TGUUWTG'SWKROGPV&KTGEVKXGITGCVGTVJCPQTGSWCNVQECVGIQT[++

%QORTGUUQTV[RG 2CTVPWODGT &GUETKRVKQP 2'&%NCUU

)# WRVQ)#  5CHGV[XCNXG +8
 5CHGV[XCNXG +8
 5CHGV[XCNXG +8
 8GUUGN ++
 5CHGV[XCNXG +8

1XGTCNNTCVKPI
6JGEQORTGUUQTUEQPHQTOVQ2'&UOCNNGTVJCPECVGIQT[++


GA 11+, GA 15+, GA 18+, GA 22+, GA 30

Instruction Book
What sets Atlas Copco apart as a company is our
conviction that we can only excel in what we do if we
provide the best possible know-how and technology to
really help our customers produce, grow and succeed.

There is a unique way of achieving that - we simply call it

the Atlas Copco way. It builds on interaction, on
long-term relationships and involvement in the customers’
process, needs and objectives. It means having the
flexibility to adapt to the diverse demands of the people
we cater for.

It’s the commitment to our customers’ business that

drives our effort towards increasing their productivity
through better solutions. It starts with fully supporting
existing products and continuously doing things better, but
it goes much further, creating advances in technology
through innovation. Not for the sake of technology, but
for the sake of our customer’s bottom line and
peace-of-mind.

That is how Atlas Copco will strive to remain the first

choice, to succeed in attracting new business and to
maintain our position as the industry leader.