7%140))(-8
73TIVEXSV¸W1ERYEP:IVWMSR 4EKI
-J]SYGLERKI]SYVQMRH]SYGEREFSVXXLITVSGIWWYWMRK*%JXIVEWLSVX[LMPIXLII\EGX
PIRKXLHITIRHWSRXLIPIRKXLSJXLIWEQTPIERHXLI59%0-8=WIXXMRK]SY[MPPFIVIXYVRIHXS
XLISVMKMREPWGVIIR
=SYGERYWI*XSEYHMXMSRXLIRI[VIWEQTPIHZIVWMSR8LISVMKMREPZIVWMSRGERFITPE]IH
JVSQ]SYV1-(-GSRXVSPPIVSVJVSQXLIJVSRXTERIP40%=OI]ERHXLMWEPPS[W]SYXSGSQTEVIXLI
SVMKMREP[MXLXLIVIWEQTPIHZIVWMSR
=SYGERYWIXLIVIWEQTPMRKJEGMPMX]XSWEZISRQIQSV]-RXLIWXYHMS[LIVI]SYLEZIXMQIXS
PSEHMRRI[WSYRHWXLMWQE]RSXFIWSGVYGMEPFYXSRWXEKI]SYMHIEPP]RIIHXSGVEQEWQYGL
MRXSXLI7EWTSWWMFPI)ZIR[MXL1IKEF]XIWSJ6%1MRWXEPPIHXLIVI[MPPFISGGEWMSRW
[LIVI]SYRIIHXSWUYII^IXLEXPMXXPIFMXQSVISYXSJXLIWEQTPIV¸WMRXIVREPQIQSV]-RXLMW
VIWTIGXXLIVIWEQTPMRKJYRGXMSRWEVIMHIEPMRJEGXKMZIRXLEXPMWXIRMRKGSRHMXMSRWEXEKMKEVI
RS[LIVIRIEVEWGVMXMGEPEWMRXLIWXYHMS]SYGSYPHEJJSVHXSQEOIWTIGMEP·KMKHMWOW¸[LIVIXLI
FERH[MHXLMWQSVIPMQMXIHXLERMXGSYPHFIXSWEZIIZIRQSVIWTEGIMR]SYVQIQSV]