6FKHPDWSREUDQR]VHUZLVX
KWWSZZZHOHNWURQLNDJHU\SO
*UDQDUHIOHNV
6SUDZG( VZRM UHDNFM QD SU]HFLZQRFL L XPLHMWQRü NRRUG\QDFML ]D SRPRF WHM HOHNWURQLF]QHM JU\
SU]\FLVNRZHM *UD MHVW SU]H]QDF]RQD GOD GZyFK JUDF]\ OXE ]HVSRáyZ R]QDF]RQ\FK MDNR F]HUZRQ\ L
]LHORQ\6 WXGZDU]G\SU]\FLVNyZF]WHU\F]HUZRQHL F]WHU\]LHORQH]RGSRZLHGQLPLGLRGDPL/('
'LRG\ PLJDM QD SU]HPLDQ ] V]\ENRFL NWyUD PR*H E\ü UF]QLH UHJXORZDQD =DGDQLHP JUDF]D MHVW
QDFLVNDQLH VZRLFK SU]\FLVNyZ SU]H] NUyWNL F]DV JG\ ZLHFL MHJR GLRGD /(' .D*G\ QDFLQLW\ ZWHG\
SU]\FLVNSRZRGXMHPDJD]\QRZDQLHáDGXQNX HQHUJLLZRGSRZLHGQLPNRQGHQVDWRU]H-HGQDNSU]\FLVN
ZFLQLW\ Z PRPHQFLH JG\ MHJR GLRGD QLH ZLHFL SRZRGXMH UR]áDGRZDQLH NRQGHQVDWRUD XWUDW
]PDJD]\QRZDQHM HQHUJLL *G\ ZV]\VWNLH F]WHU\ NRQGHQVDWRU\ ]ELRUQLNL HQHUJLL V QDáDGRZDQH
Z\MFLH ZHMFLRZHM EUDPNL 1$1' ZáF]D WUDQ]\VWRU ] GX* F]HUZRQ OXE ]LHORQ GLRG /(' Z
NROHNWRU]HZVND]XMF ]Z\FL]F5yZQLH* EU]F]\N SRWZLHUG]D*HJUDMHVWUR]VWU]\JQLWD
6WHURZDQLH V]\ENRFL WLPHUD Z\áF]QLH SU]H] DUELWUD XPR*OLZLD UR]JU\ZDQLH SDUWLL QD Uy*Q\FK
SR]LRPDFKXPLHMWQRFLNX]DGRZROHQLX]DUyZQRVWDUV]\FKMDNLPáRG\FK
3U]\FLVNÄ]DPUR*HQLDZVWU]\PXMF\Z\ZLHWODQLH QDMHGQHM]GLRG /('QD F]DVRNRáRGZXVHNXQG
GRSXV]F]DEDUG]LHMOHQLZ PHWRG JU\0QLHMV]DV]\ENRüWLPHUDZSURZDG]DHOHPHQWXPLHMWQRFL
JUDF]H Z\NRQXMF UXFK GRNRQXM Z\ERUX NWyUD GLRGD /(' PD E\ü Z\]QDF]RQD GR PDJD]\QRZDQLD
SXQNWyZ
&]\QQLNSU]\SDGNRZRFLZ\NRU]\VWXMF\V]HüVSRUyGGLRG/('UyZQLH* SVHXGRORVRZ\ OXE]DOH*Q\
RG XPLHMWQRFL R PQLHMV]HM V]\ENRFL MHVW SU]HZLG]LDQ\ GR ]DVWRVRZDQLD Z LQQ\FK JUDFK :
QLHNWyU\FKPR*HE\üZ\NRU]\VWDQDZáDFLZRüRU]HáUHV]ND MDNRZ\EyUF]HUZRQHJROXE]LHORQHJR:
JUDFK F]WHUHFK VWURQ QD SU]\NáDG Z TXL]DFK PR*H ]QDOH(ü ]DVWRVRZDQLH ZV]\VWNLH RVLHP GLRG /('
ZUD]]SU]\FLVNLHP]DPUR*HQLD
$WHUD]RXNáDG]LH,PSXOV\]HJDURZHOLF]QLNDSRFKRG] ]WLPHUD ,& ZáF]RQHJRZNRQILJXUDFML
JHQHUDWRUDDVWDELOQHJR(OHPHQW\RNUHODMFHVWDá F]DVRZ 3 5 5L&XPR*OLZLDM XVWDZLHQLH
GRZROQHMV]\ENRFLSRPLG]\ LLPSXOVyZQDVHNXQG SXQNW\SRPLDURZHDLE
3RZáF]HQLX]DVLODQLDZ\MFLH,& SU]HáF]DRVLHPGHNRGRZDQ\FK Z\Mü,&OLF]QLN-RKQVRQD
SRQLHZD* Z\SURZDG]HQLH ]HURZDQLD MHVW SRáF]RQH ] Z\SURZDG]HQLHP SRSU]H] Z\áF]QLN 6 :
Z\QLNX WHJR SR RPLX LPSXOVDFK WDNWXMF\FK SR]LRP Z\VRNL QD Z\SURZDG]HQLX SRZRGXMH
]HURZDQLH OLF]QLND 'RGDWQLH LPSXOV\ Z\MFLRZH NROHMQR SREXG]DM GLRG\ ' GR ' SRZRGXMF LFK
F\NOLF]QHZLHFHQLH]V]\ENRFL RNUHORQ XVWDZLHQLHP3
.D*G\]F]HUZRQ\FKSU]\FLVNyZ66áF]\Z\MFLD OLF]QLND]Z\SURZDG]HQLDPLZHMFLRZHMEUDPNL
1$1' ,&E 3RGREQLH G]LDáDM SU]\FLVNL ]LHORQH 66 QD ZHMFLDFK GUXJLHM EUDPNL 1$1'
.RQGHQVDWRU\ HOHNWUROLW\F]QH && SR MHGQ\P GOD ND*GHJR ZHMFLD ,& VáX* MDNR REZRG\
PDJD]\QXMFH&KRFLD* ND*G\]QLFKPR*HE\üQDW\FKPLDVWQDáDGRZDQ\SRSU]H]ZFLQLFLHSU]\FLVNX
JG\ GLRGD /(' ZVND]XMH *H RGSRZLHGQL LPSXOV Z\MFLRZ\ MHVW REHFQ\ EG]LH UyZQLH* QDW\FKPLDVW
UR]áDGRZDQ\MHOLSU]\FLVN]RVWDQLHZFLQLW\SU]\EUDNXLPSXOVX
-HOLZV]\VWNLHÄF]HUZRQHZHMFLD,&EV ZVWDQLHZ\VRNLPZ\SURZDG]HQLHZ\MFLRZHSU]\MPXMH
VWDQ QLVNL L ZáF]D 7 7HQ ] NROHL ZáF]D F]HUZRQ GLRG ' L SLH]RHOHNWU\F]Q\ EU]F]\N %]
3U]HFLZQLH MHOL ZV]\VWNLH ]LHORQH ZHMFLD PDM VWDQ Z\VRNL Z\SURZDG]HQLH Z\MFLRZH O ,&D
SU]\MPXMHVWDQQLVNLLZáF]DVL 7 SREXG]DMFGRZLHFHQLD]LHORQ GLRG 'SXQNWSRPLDURZ\G
