365betÌåÓýÔÚÏßÊÀ½ç±­

kA 5:ClQ=ECQmkDA2?ms646>36C h :D 2 3:8 52J 7@C u=28DE277] %96C6 2C6 2 E@? @7 6G6?ED E92E 25F=ED 2?5 <:5D 92G6 E96 @AA@CEF?:EJ E@ E2<6 25G2?E286 @7 :?4=F5:?8 E96 2??F2=k^DA2?m kDEC@?8mw@=:52J !2C256 @7 {:89EDk^DEC@?8m kDA2?m2?5 E96k^DA2?m kDEC@?8m$?@H7=2<6 u6DE:G2=k^DEC@?8mkDA2?m] %96 =2EE6C DE2CED E96 52J H:E9 2 G2C:6EJ @7 24E:G:E:6D :?4=F5:?8 $<2E6 2E E96 $E2E:@? 2?5 2 |66E 2?5 vC66E H:E9 $2?E2 2?5 |D] r=2FD] %96C6 :D 2=D@ 2 9@=:52J 2CED >2C<6E E92E H:== 762EFC6 2 E@? @7 =@42= H@C< 7C@> ?@E23=6 =@42= 2CE:DED] %96 76DE:G2= DE2CED 2E `_ 2]>] 2?5 6?5D 2E ` A]>][ 3FE E96 7F? 5@6D ?@E DE@A E96C6] t249 J62C[ E96 vC62E6C u=28DE277 r92>36C @7 r@>>6C46 2?5 '@C2 u:?2?4:2= 4@>6 E@86E96C E@ AC6D6?E 2 362FE:7F= 5:DA=2J @7 =:89ED 5FC:?8 u=28DE277’D !2C256 @7 {:89ED] (:E9 2=>@DE `__ 6?EC:6D =:89E:?8 FAk^DA2?m kDEC@?8ms@H?E@H? u=28DE277k^DEC@?8mkDA2?m[ J@F H@?’E H2?E E@ >:DD @FE @? E96 7F? 2?5 76DE:G:E:6D E92E 92G6 364@>6 2 9@=:52J EC25:E:@? :? u=28DE277] %96 =:89E D9@H 368:?D AC@>AE=J 2E e A]>] 2?5 H:== 6?5 2C@F?5 g A]>][ D@ >2<6 DFC6 E@ 86E E96C6 62C=J] !2C<:?8 DA@ED H:== 7:== FA BF:4<=J]k^DA2?mk^Am

k9b 5:ClQ=ECQmkDA2?m$p%&#sp* M `a]hk^DA2?mk^9bm

kA 5:ClQ=ECQmkDEC@?8mut{x+ }p'xspsk^DEC@?8mk^Am

kA 5:ClQ=ECQmkDA2?m%9:D 9@=:52J D62D@?[ 36 42AE:G2E65 3J E96 >2DE6C7F= 4C62E:@?D @7 $6C8:@ !25:==2VD q2==6E u@=<=óC:4@ 5FC:?8 E96:C 9@=:52J AC@5F4E:@?[k^DA2?m kDEC@?8m!2D6@ }2G:56ñ@i p r9C:DE>2D y@FC?6J E9C@F89 |éI:4@k^DEC@?8mkDA2?m] s:G6 :?E@ E96 6?492?E:?8 C62=> @7 EC25:E:@?2= |6I:42? 7@=< 52?46D[ H9:49 H:== ?@E @?=J 6?E6CE2:? 3FE 2=D@ 65F42E6 E96 u=28DE277 4@>>F?:EJ] pD 2 56G@E65 ?@?\AC@7:E[ q2==6E u@=<=óC:4@ 9@=5D 2 566A 4@>>:E>6?E E@ AC6D6?E:?8 E96 A:??24=6 @7 |6I:4@VD 52?46 96C:E286] %96J DEC:G6 E@ AC@G:56 2 BF2=:EJ 52?46 6IA6C:6?46 E@ E96 u=28DE277 4@>>F?:EJ 2E 2? 277@C523=6 C2E6 2?5 AC:56 E96>D6=G6D @? E96:C 65F42E:@?2= 6IA6C:6?46D :? E96 A6C7@C>:?8 2CED] t=6G2E6 J@FC 72>:=JVD 9@=:52J :E:?6C2CJ 3J H:E?6DD:?8 E96D6 >6D>6C:K:?8 A6C7@C>2?46D @? u=28DE277VD 8C2?56DE DE286[ E96k^DA2?m kDEC@?8m~CA96F> %962E6Ck^DEC@?8mkDA2?m] s@@CD @A6? 2E d A]>][ 2?5 E96 D9@H 368:?D 2E e A]>] ':D:E E96 ~CA96F>’Dk^DA2?m kDEC@?8mk2 9C67lQ9EEADi^^H=]D66E:4<6ED]FD^6G6?E^A2D6@\?2G:56?@i\2\49C:DE>2D\;@FC?6J\E9C@F89\>6I:4@^df_a`dn277=<Jl~CA96F>%962E6CQmH63D:E6k^2mk^DEC@?8m kDA2?mE@ =62C? >@C6 23@FE AC:4:?8]k^DA2?mk^Am

k9b 5:ClQ=ECQmkDEC@?8m$p%&#sp* M `a]`ek^DEC@?8mk^9bm

kA 5:ClQ=ECQmkDEC@?8mr#p({ (x%w z#x$ z#x}v{tk^DEC@?8mk^Am

kA 5:ClQ=ECQmkDA2?m%9:D w@=:52J D62D@?[ ;@:? J@FC 4@>>F?:EJ 2?5 4966C FA kDEC@?8ms@H?E@H? u=28DE277k^DEC@?8m H:E9 E96k^DA2?m kDEC@?8m&8=J $H62E6C !F3 rC2H=k^DEC@?8mkDA2?m] pE E9:D 9@=:52J\E96>65 4C2H=[ J@F H:== 86E 5C:?< DA64:2=D 2?5 ?@ 4@G6C 492C86 H:E9 J@FC HC:DE32?5 2E 2== =@42E:@?D] u@@5 DA64:2=D H:== 2=D@ 36 2G2:=23=6 H:E9 A2CE:4:A2E:?8 G6?5@CD] t?;@J 4@?E6DED[ 82>6D 2?5 >F=E:A=6 492?46D E@ H:? AC:K6D E92E[ :? E@E2=[ 2C6 H@CE9 S`[___] *@F H:== 7:?5 5:776C6?E[ 7F?\7:==65 2E>@DA96C6D 2E 2== =@42E:@?D :?4=F5:?8 &AE@H? !F39@FD6[ u@C2> q2C\vC:==\}:89E4=F3[ %96 |2J@C 2?5 r@==:?D xC:D9 !F3 U2>Aj vC:==] r964<\:? 7@C E96 AF3 4C2H= H:== 36 2E c A]>] 2?5 H:== =2DE F?E:= dib_ A]>] %96 6G6?E DE2CED 2E cib_ !|[ 3FE E96J H:== 4@?E:?F6 4964<\:? 7@C 2?@E96C 9@FC] %96 C@FE6 J@F 86E H:== 36 56E6C>:?65 3J H96? J@F 4964<\:?[ 3FE 5@?VE H@CCJ[ J@F H:== 92G6 E:>6 E@ 86E E@ 2== @7 E96 =@42E:@?D 2?5 A2CE:4:A2E6 :? 2== @7 E96 82>6D 2?5 4@?E6DED] %@ 3FJ E:4<6ED 9625 @G6C E@ E96:C tG6?E3C:E6k^DA2?m kDEC@?8mk2 9C67lQ9EEADi^^HHH]6G6?E3C:E6]4@>^6^7=28DE277D\F8=J\DH62E6C\AF3\4C2H=\E:4<6ED\dggcc_gh`dcfQmH63D:E6k^2mk^DEC@?8m kDA2?m=:?<65 k^DA2?m96C6]k^Am

k9b 5:ClQ=ECQmU8EjU8Ej ~}v~x}v M `a]g–`a]`fk^9bm

kA 5:ClQ=ECQmkDEC@?8m$r#t(qp{{ $r#~~vtk^DEC@?8mk^Am

kA 5:ClQ=ECQm%96 9@=:52J D62D@? :D 2AAC@249:?8 @?46 282:?[ H9:49 >62?D :E’D 2=>@DE E:>6 E@ DE2CE 9JA:?8 J@FCD6=7 FA H:E9 D@>6 r9C:DE>2D 4=2DD:4D] k6>mxE’D 2 (@?56C7F= {:76k^6>m[ k6>m|:C24=6 @? bcE9 $EC66Ek^6>m[ k6>ms:6 w2C5k^6>mj :E’D 8C62E E@ C6G:D:E DE@C:6D =:<6 E96D6[ 3FE D@>6E:>6D[ E96J 86E 6G6? 36EE6C H96? E96C6’D 2 =:EE=6 EH:DE] %9:D >@?E9[ kDEC@?8m%962EC:<@D k^DEC@?8m:D E2<:?8 r92C=6D s:4<6?D� :4@?:4 89@DE DE@CJ 2?5 7=:AA:?8 :E @? :ED 9625 H:E9 >FD:4[ 52?46 2?5 =@ED @7 u=28\C6=2E65 9F>@C] kDEC@?8mk6>mp r9C:DE>2D r2C@=k^6>mi p %H:DE65 |FD:42= r@>65Jk^DEC@?8m :D D92A:?8 FA E@ 36 @?6 @7 %962EC:<@D’D 3:886DE A6C7@C>2?46D H:E9 2 42DE @7 bb 36EH66? E96 286D @7 e 2?5 f_[ 2 4C6H @7 b_ 2?5 2 =@E @7 2F5:6?46 6?8286>6?E] %96 >2:? 362ED @7 E96 DE@CJ C6>2:? E96 D2>6[ 3FE :?DE625 @7 36:?8 D6E :? @=5 {@?5@?[ :E’D D6E :? @=5 u=28DE277] *@F’C6 3@F?5 E@ C64@8?:K6 D@>6 @7 E96 =2?5>2C<D 2?5 >2J36 6G6? D@>6 @7 E96 492C24E6CD] %9:D D9@H H:== =62G6 J@F 4=2A\92AAJ[ D@ :7 J@F H2?E E@ 8@[ 9625 @? @G6C E@ E96 %962EC:<@D H63D:E6 2E kDEC@?8mk2 9C67lQ9EEADi^^E962EC:<@D]>J]D2=6D7@C46\D:E6D]4@>^E:4<6ER^6G6?ED^2_~b@_____8E+8gtptQmE962EC:<@D]4@>k^2mk^DEC@?8m 2?5 3FJ J@FC E:4<6ED ?@H] %96 D9@H 92D D6G6? A6C7@C>2?46D =67E D@ 24E ?@H 367@C6 E96J D6== @FE] k^Am

k9b 5:ClQ=ECQmkDA2? 52E2\>46\>2C<lQ`Qm$&}sp* M `a]b`k^DA2?mk^9bm

kA 5:ClQ=ECQmkDEC@?8m!x}x}v u~# %wt }t( *tp#k^DEC@?8mk^Am

kAmkDA2?mkDA2?m%96 kDEC@?8mvC62E !:?64@?6 sC@Ak^DEC@?8m :D 324<[ 323J] |@C6 E92? EH@ 564256D 28@[ E96 6G6?E 3682? 2D 2 H2J E@ C:?8 :? E96 ?6H >:==6??:F> 2?5 9@?@C E96 kDEC@?8m(62E96C7@C5 w@E6=’Dk^DEC@?8m `__\J62C 2??:G6CD2CJ[ 3FE D:?46 E96?[ :E 92D 364@>6 2 }6H *62C’D tG6 EC25:E:@? E92E 3C:?8D E@86E96C E9@FD2?5D @7 u=28DE277:2?D E@ 46=63C2E6 E96 @=5 J62C 2?5 H6=4@>6 E96 ?6H @?6] xE’D 2 7C66 6G6?E 7@C 2== E9@D6 H9@ H2?E E@ 2EE6?5[ 2?5 :7 J@F’C6 :?E6C6DE65 :? 2 72?4:6C 46=63C2E:@?[ E96 (62E96C7@C5 @776CD 'x! E:4<6ED E@ E96 D9@H @? E96:C 32=4@?J 2?5 2 56=:4:@FD 5:??6Cj 9@H6G6C[ :7 J@F’G6 8@E <:5D 2?5 =FIFCJ :D?’E C62==J J@FC DEJ=6[ 2 72>:=J\7C:6?5=J }@@? *62C’D tG6 :D 8@:?8 E@ 36 96=5 :? w6C:E286 $BF2C6 62C=:6C E92E 52J] %96J H:== 92G6 2 E@? @7 24E:G:E:6D :?4=F5:?8 A:?64@?6 2CE[ =:G6 >FD:4[ ?@:D6>2<6CD 2?5 2 4@F?E5@H? E@ ?@@? 7@==@H65 3J =@ED @7 46=63C2E@CJ <:DD6D � w6CD96J’D <:DD6D[ E92E :D] %@ =62C? >@C6 23@FE E96 :4@?:4 6G6?E @C AFC492D6 E:4<6ED E@ E96 'x! 46=63C2E:@?[ G:D:E E96 (62E96C7@C5’Dk^DA2?m kDEC@?8mk2 9C67lQ9EEADi^^H62E96C7@C59@E6=]4@>^A:?64@?6\5C@A^QmkDA2?mH63D:E6k^DA2?mk^2mk^DEC@?8mkDA2?m]k^DA2?mk^DA2?mk^Am