6FKHPDWSREUDQR]VHUZLVX

KWWSZZZHOHNWURQLNDJHU\SO

.RPSUHVRUGRJLWDU\LEDVX

3U]HGVWDZLRQ\ WXWDM NRPSUHVRU JLWDURZ\ MHVW XU]G]HQLHP VWRVXQNRZR SURVW\P SRWUDILF\P MHGQDN

RGGDü QLHRFHQLRQHXVáXJL X*\ZDMF\PJRPX]\NRP-HJR]DOHW\ GRFHQL V]F]HJyOQLHEDVLFL JUDMF\

W]Z NODQJLHP ']L NL NRPSUHVRURZL G(ZL N RWU]\P\ZDQ\ ] JLWDU\ EDVRZHM VWDQLH VL  Z\UyZQDQ\

EU]PLHQLRZREH]Z]JO GXQDVLá  ]MDN XGHU]DVL EG( ]DU\ZDVWUXQ\5yZQLH* JLWDU]\FLSRZLQQL

QDRSLV\ZDQ\HIHNW]ZUyFLüEDF]Q XZDJ 5y*QLFHZJáRQRFLSRPL G]\DNRUGDPLJUDQ\PLPHWRG

SRSU]HF]NRZDDNRUGDPL]X*\FLHPSXVW\FKVWUXQSU]HVWDQ E\üSUREOHPHP*UDQHG(ZL NLVWDQ VL

GáX*V]HDSU]\RGSRZLHGQLPXVWDZLHQLXJDáHNX]\VNDM FKDUDNWHU\VW\F]Q\DWDNNWyU\ZSRáF]HQLX]

RGSRZLHGQL EDUZ JLWDU\ GD QLHSRZWDU]DOQ\ NOLPDW 6 WR RF]\ZLFLH QLHOLF]QH ] ZLHOX SU]\NáDGyZ

]DVWRVRZD NRPSUHVRUD *HQHUDOQLH X*\ZDQ\ MHVW RQ ZV] G]LH WDP JG]LH LVWQLHMH NRQLHF]QRü

Z\UyZQDQLDV\JQDáXQD*GDQ\PSR]LRPLH

&]\PMHVWZL FNRPSUHVRU]HOHNWURQLF]QHJRSXQNWXZLG]HQLD"-DNZLGDü]HVFKHPDWXMHVWRQQLF]\P

LQQ\PMDNW\ONRZ]PDFQLDF]HP]UHJXORZDQ\PDXWRPDW\F]QLHZ]PRFQLHQLHP6HUFHPFDáHJRXNáDGX

MHVW&$E GF\Z]PDFQLDF]HPRSHUDF\MQ\PRQDSL FLRZRVWHURZDQ\PZ]PRFQLHQLX'RGDWNLHP

GR QLHJR MHVW XNáDG SU]HWZDU]DMF\ QDSL FLH ]PLHQQH QD QDSL FLH VWDáH SU]\ ]DFKRZDQLX ]DOH*QRFL

RGZURWQLHSURSRUFMRQDOQHMW]QF]\PZL NV]DDPSOLWXGDV\JQDáXZHMFLRZHJRW\PPQLHMV]HQDSL FLH

VWDáHQDZ\MFLXXNáDGX'RED]WUDQ]\VWRUyZ7L7GRFKRG] V\JQDá\SU]HVXQL WHZID]LHZ]JO GHP

VLHELH R  3RSU]H] ]DVWRVRZDQLH Z ED]DFK W\FK WUDQ]\VWRUyZ GLRG ' L ' V RQH Z\VWHURZDQH

W\ONR GRGDWQLPL SRáyZNDPL V\JQDáX 2WZDUWH WUDQ]\VWRU\ 7 L 7 UR]áDGRZXM NRQGHQVDWRU &

]PQLHMV]DMF Z WHQ VSRVyE ZLHONRü QDSL FLD QD ED]LH 7 D W\P VDP\P QDSL FLH QD MHJR HPLWHU]H

UHJXOXMFH Z]PRFQLHQLH 86 3U]HOHG(P\ ]DWHP FR VL  VWDQLH MH*HOL XGHU]\P\ Z VWUXQ\ JLWDU\

SRGáF]RQHM GR ZHMFLD NRPSUHVRUD 3RMDZLHQLH VL  QD Z\MFLX &$ V\JQDáX VSRZRGXMH

]PQLHMV]HQLHQDSL FLDQDZHMFLXVWHUXMF\PDW\PVDP\PVSDGHNZ]PRFQLHQLD3RWHQFMRPHWUHP

3DWWDFNXVWDZLDP\ZSHZQ\FKJUDQLFDFKF]DVUR]áDGRZDQLDNRQGHQVDWRUD&GODWHJRZMHGQ\P

VNUDMQ\P SRáR*HQLX VSDGHN Z]PRFQLHQLD E G]LH JZDáWRZQ\ L áDWZR Vá\V]DOQ\ D Z GUXJLP SUDZLH

QLH]DXZD*DOQ\ : PLDU  Z\EU]PLHZDQLD G(ZL NX VWUXQ QDSL FLH QD NRQGHQVDWRU]H & E G]LH VL

SRGQRVLü ]ZL NV]DMF W\P VDP\P Z]PRFQLHQLH 86 D SRSU]H] VSU *HQLRZ\ FKDUDNWHU WHJR ]MDZLVND

SRZRGXMFUyZQRPLHUQHWUZDQLHG(ZL NXQDZ\MFLX2F]\ZLFLHQLHEU]PLRQZQLHVNRF]RQRü3R

SHZQ\PF]DVLHDPSOLWXGDV\JQDáXVSDGQLHGRWHJRVWRSQLDL* Z]PDFQLDF]86QLHE G]LHZVWDQLHJR

Z]PRFQLü L G(ZL N ]DQLNQLH 3RWHQFMRPHWUHP 3 LQWHQVLW\ UHJXOXMHP\ Já ERNRü NRPSUHVML F]\OL

]DOH*QRüZLHONRFL]PLDQ\Z]PRFQLHQLD86ZVWRVXQNXGRV\JQDáXZHMFLRZHJR=SU]\WRF]RQHJR

RSLVXG]LDáDQLDZ\QLNDL* V\JQDáZ\MFLRZ\QLHSU]HNUDF]DSHZQHM]DGDQHMZLHONRFLDMHGQRF]HQLH

QDVW SXMH SRGQRV]HQLH SR]LRPX DPSOLWXG\ VáDEV]\FK V\JQDáyZ , WR FDáD WDMHPQLFD

FKDUDNWHU\VW\F]QHJREU]PLHQLDNRPSUHVRUD

5HJXODFM  XNáDGX SU]HSURZDG]DP\ Z QDVW SXMF\ VSRVyE 2GáF]DP\ SRWHQFMRPHWU 3 RG VWURQ\

VXZDND]ZLHUDMFRGáF]RQ\SU]HZyGGRSOXVD]DVLODQLD3RGDMHP\QDZHMFLHV\JQDá]JHQHUDWRUDR

WDNLHM ZLHONRFL DE\ QD Qy*FH  XNáDGX 86 X]\VNDü SU]HVWHURZDQ\ SU]HELHJ VLQXVRLGDOQ\ 6XZDN

SRWHQFMRPHWUXPRQWD*RZHJR35XVWDZLDP\ZWDNLPSRáR*HQLXDE\REFL FLHZLHU]FKRáNyZVLQXVRLG\

QDVW SRZDáRV\PHWU\F]QLH1DW\PVL  NRF]\UHJXODFMDXNáDGX

(OHPHQW\

5H]\VWRU\

55555NRPyZ

5555550RP

5RPyZ

55NRPyZ

5NRPyZ

55NRPyZ

55NRPyZ

5NRPyZ

5NRPD

5555NRPyZ

5NRP\

555NRPyZ

5RPyZ

.RQGHQVDWRU\

&&&&Q)

&&&&X)

&&Q)

&Q)

&&&X)

&&S)

&&S)

3yáSU]HZRGQLNL

''1

'GLRGD/('F]HUZRQDPP

77%&

86&$(

86&'

,QQH

,VRVWDWQy*NRZ\PRQRVWDELOQ\

*QLD]GRMDFNVWHUHR

*QLD]GRMDFNPRQR

=áF]NDGREDWHULL)ZUD]]SU]HZRGDPL

(OHNWURQLND3UDNW\F]QD