Anda di halaman 1dari 66



     


 
 
 
 
 
   

          


     
  

 
  


      


        



""

$?54 =C?6?< ;09?74= ;,95,>6,9 603,/4<,> 77,3 &*' C,92 >07,3


80748;,36,9 <,38,> /,9 34/,C,3"C, =034922, ;09?74= /,;,> 809C070=,46,9
,<C, '?74= 784,3 C,92 -0<5?/?7 F'4926,> $0920>,3?,9 -? "41,= '09>,92
?95?92,9 !,=, "41,= /4 %&( $,9/,9 <,92 :C:7,74 >,3?9
G ,<C,
'?74= 784,3 494 /4=?=?9 /092,9 8,6=?/ ?9>?6 80809?34 >?2,= ,634< =0-,2,4
=,7,3 =,>? =C,<,> 607?7?=,9 $<:/4   0-4/,9,9

&'0= ?=?8, ?=,/,

&?<,6,<>,
$09?74=809C,/,<4-,3A,>,9;,-,9>?,9/,9;092,<,3,9/,<4-0<-,2,4
;43,6 ,<C, '?74= 784,3 494 >4/,6 /,;,> /4=070=,46,9 /092,9 -,46 #703 6,<09,
4>?;09?74=8092?.,;6,9>0<48,6,=4360;,/,


-? <, 290= &<4 ,<>4 !=4 =07,6? 0>?, &'0= ?=?8, ?=,/,
&?<,6,<>,

-? 309C %:38,>46, &&4' =07,6? , $<:/4   0-4/,9,9 &'0=
?=?8,?=,/,&?<,6,<>,

-? %0>9: *?7,9/,<4 &&' =07,6? :=09 $08-48-492 C,92 >07,3


807?,926,9 A,6>? ?9>?6 808-0<46,9 ;0>?95?6 /,9 -48-492,9 60;,/,
;09?74=



/< 9/,92 &<4 *4/,>4 =07,6? 4<06>?< %&( $,9/,9 <,92 :C:7,74 C,92
>07,3-0<=0/4,808-0<46,9454960;,/,;09?74= ?9>?6807,6?6,9;09074>4,9



&07?<?3 /:=09 /,9 =>,11 $<:/4   0-4/,9,9 &'0= ?=?8, ?=,/,
&?<,6,<>,,>,==02,7,-,9>?,9C,92>07,3/4-0<46,9

4@



-? "41,= /4 %&( $,9/,9 <,92 :C:7,74 =0-,2,4 =?-C06 ;09074>4,9 C,92
>07,3808-,9>?>0<7,6=,9,9C,;09074>4,9



&08?, ;43,6 C,92 >07,3 808-,9>? /,9 808-0<46,9 /?6?92,9 /,7,8


809C070=,46,9 ,<C, '?74= 784,3494
$09?74=809C,/,<4-,3A,/,7,8;09?74=,94948,=435,?3/,<4=08;?<9,
#703 6,<09, 4>? ;09?74= 808-?6, =,<,9 /084 608,5?,9 ;09074>4,9
=07,95?>9C, &08:2, ,<C, '?74= 784,3 494 /,;,> -0<8,91,,> -,24 =08?,
;43,6

&?<,6,<>,IIIIII

$09?74=

$<:/40-4/,9,9&'0=?=?8,?=,/,&?<,6,<>,
,<C,'?74=784,3?74

0=>4!,<5,>4



"""##!""
##!! !#
 &
"#
B44  3,7,8,9  7,8;4<,9  >,-07 2,8-,<
!" 
'7'5*0'/'2+  !09?<?>&?<@0408:2<,140=03,>,99/:90=4,& >,3?9

 926, 08,>4,9 -? 8,=43 .?6?; >49224 C,4>?  ;0<

 607,34<,9
34/?; 926, >0<=0-?> 8,=43 <07,>4@0 >49224 /4-,9/4926,9 "02,<,  "02,<,
&"7,4908,>4,94-?/,;,>>0<5,/46,<09,6:8;746,=4;,/,8,=,603,847,9
;0<=,749,9 /,9 941,= :8;746,=4 C,92 =0<492 >0<5,/4 ;,/, 8,=, 941,= ,/,7,3
;0</,<,3,9 49106=4 /,97,497,49 0;60=%

,=47=>?/4
;09/,3?7?,9 /4 %&( $,9/,9 <,92 :C:7,74 ;,/, -?7,9 ":@08-0<
 /4
/,;,>6,9/,>,/,<4
:<,924-?941,= /,<43,=47 =?<@0C;,/,4-?941,=/460>,3?4
-,3A, /,<4
 4-? 941,= >0<=0-?>  /4,9>,<,9C, -07?8 80920>,3?4 >09>,92
6?95?92,9 8,=, 941,= /,9  7,499C, 808;?9C,4 =?/,3 80920>,3?4 >09>,92
6?95?92,98,=,941,=
"8.8'2  (9>?6 80920>,3? >4926,> ;0920>,3?,9 4-? 941,= >09>,92 6?95?92,9
8,=,941,=/4%&($,9/,9<,92 :C:7,74 >,3?9

*73)* *2*0-7-'2  094= ;09074>4,9 494 ,/,7,3     $09074>4,9
494 /47,6?6,9/4%&( $,9/,9 <,92 :C:7,74 ;,/,>,922,7 !,<0>  ;<47

 $:;?7,=4 ;,/, ;09074>4,9 494 ,/,7,3 4-? 941,= 9:<8,7
  3,<4 ;:=> ;,<>?8
C,92 /4<,A,> /4 %&( $,9/,9 <,92 :C:7,74 =0-,9C,6
 <0=;:9/09 ?87,3
=,8;07 ,/,7,3
 <0=;:9/09 '06946 ;092,8-47,9 =,8;07 /092,9 80922?9,6,9
>06946     9=><?809 ;09074>4,9 80922?9,6,9 6?0=4:90< >0<>?>?;
),<4,-07C,92/4>074>4 ,/,7,3 @,<4,-70 >?922,7 C,4>? ;0920>,3?,9 4-? 941,= >09>,92
6?95?92,9 8,=, 941,= 9,74=4=/,>,/,7,8 ;09074>4,9 494 80922?9,6,9
 

    
  
 


'6-0 *2*0-7-'2 '4926,>;0920>,3?,9 4-? 941,= >09>,92 6?95?92,9 8,=, 941,=/4
%&( $,9/,9 <,92 :C:7,74 /,<4
 <0=;:9/09 >0</,;,>  <0=;:9/09 

C,92-0<;0920>,3?,9 -,46 <0=;:9/09  C,92-0<;0920>,3?,9 .?6?; /,9
<0=;:9/09 C,92-0<;0920>,3?,9 6?<,92
!-1480'2  ,<4 /,>, /4,>,= /,;,> /4=48;?76,9 -,3A, >4926,> ;0920>,3?,9 4-?
941,= >09>,92 6?95?92,9 8,=, 941,= >0<-,9C,6 ;,/, 6,>02:<4 .?6?; C,4>?
<0=;:9/09  
'7'82(- $0920>,3?,9941,=6?95?92,9 8,=, 941,=
*4867'/''2
4>0<,>?<>,3?9

 


@4

""
 4>, -0</:, 6,7,? 60=?=,3,9 /,9 808-?>?36,9 =0=?,>? 80=>49C, 64>,
5?2, -0</:, /,7,8 60208-4<,,9 -0=,< /,9 =,,> <0D064 80748;,3
,37474-<,9
 !?=?3 C,92 ;,7492 -0<-,3,C, /4 ,>,= /?94, 494 ,/,7,3 ;09,6?> /,9
-48-,92 '08,9 C,92 ;,7492 =0>4, 3,9C,7,3 60-0<,94,9 /,9 60C,649,9
C,92>02?3;09?74=
 ,92,9 743,> 8,=, 7,8;,? /092,9 ;09C0=,7,9 5,92,9 ;?7, 743,> 8,=,
/0;,9 /092,9 60>,6?>,9 >,;4 743,>7,3 =,,> 494 /092,9 ;09?3 60=,/,<,9
;09?74=
 0-,922,,9 64>, C,92 >0<-0=,< ,/,7,3 -?6,9 >4/,6 ;0<9,3 2,2,7 >0>,;4
-,9264>608-,74=0>4,;6,7464>,5,>?3 ;09?74=

 !
092,9 =02,7, <09/,3 3,>4 ,<C, '?74=
784,3494;09?74=;0<=08-,36,9
 ,;,6/,94-?>0<.49>,>0<48,6,=43,>,=
.49>, 6,=43 =,C,92 /,9 60>?7?=,98?
/,7,8 808-0=,<6,96? 6,? ,6,9 =07,7?
/43,>46? >,6 ,6,9 ;0<9,3 ,/, C,92 -4=,
80922,9>46,98?
 /46,/466? C,92 >0<.49>, C,92 =07,7?
808-0<46,9 =08,92,> /,7,8 =0>4,;
7,926,36?
 '08,9>08,9 ,926,>,9

 492,>7,3
;0<5?,92,9 64>, =07,8, 494 5,92,9
809C0<,3 6,<09, 8,=, /0;,9 C,92
.080<7,92809,9>464>,
 78,8,>0<>0<.49>,

@44

# ##$"

",8,

0=>4!,<5,>4

'08;,> ',922,77,34<

7,>09  0=08-0< 

2,8,

=7,8

094=07,849

$0<08;?,9

7,8,>

'?<4%>
 %A
08,94<:2:7&?6:3,<5:

%4A,C,>$09/4/46,9
 &"748-492
,>,6&?6:3,<5:

( (&'("

 &!$!?3,88,/4C,3
&?<,6,<>,

( (&'("

 &!!?3,88,/4C,3
&?<,6,<>,

( (&'("

 $<:/40-4/,9,9&'0=?=?8,?=,/, &?<,6,<>,926,>,9

@444

" !

 !"(( 

 !"$%&'(("

44

 !"$"&"

444

'$""'% 

4@

&'%

@4

!#''#"$%&!"

@44

(%( (!)'

@444

'%&

4B

'% ' 

B4

'% !% 

B44

'% !$%"

B444

$"( ("
 ,>,<07,6,92 

 %?8?=,9!,=,7,3 

 '?5?,9$09074>4,9

!,91,,>$09074>4,9

 0,=74,9$09074>4,9

 &4=>08,>46,$09074>4,9 

 '"("$(&'
 ,9/,=,9 '0:<4 

 0<,926, '0:<4 

4B

 0<,926, :9=0; 

!'## #$" '"


 094=$09074>4,9

 :6,=4/,9*,6>?$09074>4,9 

 $:;?7,=4&,8;07/,9'06946$092,8-47,9&,8;07 

 9=><?809$09074>4,9 

 '06946$092?8;?7,9,>,

 ),<4,-07$09074>4,9

 01494=4#;0<,=4:9,7 

 !0>:/0 $092:7,3,9,>,/,9 9,74=, ,>,

 >46, $09074>4,9 

 ,/A,7 $09074>4,9



)& $" '""$!&"


 ,8-,<,9(8?8 :6,=4$09074>4,9



 ,=47$09074>4,9



 $08-,3,=,9 



 0>0<-,>,=,9 

)$"('($
 0=48;?7,9

 &,<,9 

'%$(&'
!$%"

" "

',-07  4=4 E 64=4 ?0=4:90<

',-07  01494=4#;0<,=4:9,7 

',-07 4=><4-?=4 <06?09=4 0</,=,<6,9(8?<%0=;:9/09 



',-07 4=><4-?=4 <06?09=4 0</,=,<6,9$09/4/46,9%0=;:9/09 



',-07 "47,4!0,9/,9&>,9/,<0@4,=4 



',-074=><4-?=4 <06?09=4%0=;:9/090</,=,<6,9'4926,>$0920>,3?,9
-?"41,='09>,92?95?92,9!,=,"41,= 

B4



" 

,8-,<  0<,926,'0:<4

,8-,<  0<,926,:9=0; 

B44

"  

,8;4<,9 

&?<,>$0<8:3:9,9&>?/4$09/,3?7?,9

,8;4<,9 

&?<,>,7,=,9&>?/4$09/,3?7?,9

,8;4<,9 

&?<,>$0<8:3:9,9(54),74/4>,=

,8;4<,9

&?<,>,7,=,9(54),74/4>,=

,8;4<,9

&?<,>$0<8:3:9,9$09074>4,9

,8;4<,9

&?<,>,7,=,9$09074>4,9

,8;4<,9 

$0<8:3:9,98095,/4%0=;:9/09

,8;4<,9

$0<=0>?5?,98095,/4%0=;:9/09

,8;4<,9

?0=4:90<'4926,>$0920>,3?,9-?"41,='09>,92?95?92,9
!,=,"41,=/,9?9.4,A,-,9

,8;4<,9
 ,>,',-?7,=4 (54),74/4>,=
,8;4<,9  ,=47(54),74/4>,=
,8;4<,9  ,=47(54<074,-474>,=
,8;4<9,  ',-07"47,4"47,4<  
,8;4<,9  ,>,',-?7,=4$09074>4,9
,8;4<,9  $0<34>?92,9!,9?,7!0,9/,9&>,9/,<0@4,=4
,8;4<,9 &6:<$<:=09>,=0
,8;4<,9  ,/A,7$09074>4,9
,8;4<,9 

08-,<:9=?7>,=4 ,<C,'?74=784,3

B444



  

 !  
,5;8;:$;8<,0,46.8(-0,9,/(:(55+65,90($:(/;5

+05+65,90(5.2(,4(:0(50); 4(90/*;2;7:05..0 >(0:;

7,8
 2,3(/08(5 /0+;7 5.2( :,89,);: 4(90/ 8,3(:0- :05..0 +0)(5+05.2(5
,.(8(5,.(8( $  3(05 ,4(:0(5 0); +(7(: :,81(+0 2(8,5( 2647302(90
7(+( 4(9( 2,/(403(5 7,89(305(5 +(5 50-(9 647302(90 >(5. 9,805. :,81(+0
7(+( 4(9( 50-(9 (+(3(/ 7,8+(8(/(5   05-,290
  +(5 3(053(05 
,72,9#
 
(9( 50-(9 4,8;7(2(5 /(3 7,5:05. ;5:;2 +07,8/(:02(5 .;5(
4,5;8;52(5 (5.2( 2,4(:0(5 0); +(5 )(>0 +0 5+65,90( (9( 50-(9 (+(3(/
4(9( 9,:,3(/ 73(9,5:( 3(/08 +(5 ),8(2/08 2,:02( (3(:(3(: 2(5+;5.(5 2,4)(30
9,7,8:02,(+((59,),3;4/(403+(5208(208(405..;  $(3,/(

(9( 50-(9 4,8;7(2(5 4(9( >(5. 8(=(5 )(.0 0); $,20:(8  
2,4(:0(5 0); :,81(+0 9,:,3(/ 4,3(/082(5 +(5 /(4708 +(80   +(80 2,4(:0(5
7(+( 4(9( 50-(9 :,81(+0 7(+(
 1(4 7,8:(4( 9,:,3(/ 7,89(305(5 +0(5:(8(5>(
+09,)()2(5 63,/ 2647302(90 4(9( 50-(9 647302(90 4(9( 50-(9 (+(3(/
2,(+((5 ()5684(3 7(+( 4(9( 50-(9 >(5. +09,)()2(5 63,/ 4(9;25>( 2;4(5
2;4(5 2, +(3(4 (3(: .,5,:(30( 7(+( =(2:; 7,89(305(5 +(5 50-(9
$(3,/(


9;/(54(9(50-(99(5.(:+07,83;2(5+(3(47,806+,0502(8,5(4(9(
50-(9 4,8;7(2(5

4(9(

280:09 ;5:;2 0); +(5 )(>0 ,5.(5 +,4020(5 +0

7,83;2(59;(:;;7(>(;5:;24,5*,.(/ :,81(+05>(9;(:; 4(9(3(/:(5+()(/(>(


4(9(50-(9&5:;20:;+07,83;2(59;(:;7,8(59,8:(+(804(9>(8(2(::,8;:(4(
0); 50-(9 ;5:;2 4,403020 7,5.,:(/;(5 :,5:(5. 7,5:05.5>( 2;51;5.(5 4(9(
50-(9 "8(=086/(8+16
  ;51;5.(5 4(9( 50-(9 ),8:;1;(5 ;5:;2 4,503(0
9:(:;9 0); +(5 )(>0 )(8; 3(/08 1;.( ;5:;2 4,5*,.(/ 4,5+,:,290 9,8:(
4,5(5.(504(9(3(/4(9(3(/>(5.:,81(+07(+(4(9(50-(9$(3,/(

$,3(05 0:; 1;.( +0 7,83;2(5 7,8(5 9,8:( +(80 :,5(.( 2,9,/(:(5 +,5.(5
4,4),802(5 2659,305. 9,3(4( 2,/(403(5 9,:,3(/ 7,89(305(5 +(5 4,3(2;2(5
2;51;5.(58;4(/9,9;(09:(5+(8:7,3(>(5(5(80;7(>(:,89,);:+0/(8(72(5
+(7(: 4,5.,:(/;0 +(5 4,5.,5(3 9,*(8( +050 :(5+(:(5+( )(/(>( 4(9( 50-(9
9,/05..( )03( (+( 2,3(05(5 +(5 2647302(90 +(7(: 9,.,8( :,8+,:,290
"8(=086/(8+16
 
(9039:;+07,5+(/;3;(5+0 #$&"(5+(58(5.6>63(30 7(+();3(5
6<,4),8

 +0 +(7(:2(5 +(:( +(80  68(5. 0); 50-(9 +(80 /(903 9;8<,0
7(+(0);50-(9 +02,:(/;0)(/=(+(80 0);50-(9:,89,);: +0(5:(8(5>( ),3;4
4,5.,:(/;0 :,5:(5. 2;51;5.(5 4(9( 50-(9 +(5
 3(055>( 4,47;5>(0 9;+(/
4,5.,:(/;0 :,5:(5. 2;51;5.(5 4(9( 50-(9 ,8+(9(82(5 /(903 9:;+0
7,5+(/;3;(5+0(:(9:05.2(:7,5.,:(/;(50);50-(9:,5:(5.2;51;5.54(9(50-(9
4(90/ 2;8(5. 9,/05..( 7,5;309 :,8:(802 ;5:;2 4,5.(+(2(5 7,5,30:0(5 +,5.(5
1;+;3?%05.2(: 7,5.,:(/;(50);50-(9:,5:(5.2;51;5.(54(9(50-(9+0#$&
"(5+(58(5.6>63(30 :(/;5
 @

 ""   


,8+(9(82(53(:(8),3(2(5.4(9(3(/ +0(:(94(2(8;4;9(54(9(3(/5>(
(+(3(/ ?(.(04(5( :05.2(: 7,5.,:(/;(5 0); 50-(9 :,5:(5. 2;51;5.(5 4(9(
50-(9 +0#$&"(5+(58(5.6>63(30 :(/;5
 @

 ""!
 %;1;(5;4;4
,5.,:(/;0:05.2(: 7,5.,:(/;(50);50-(9:,5:(5.2;51;5.(54(9(50-(9+0
#$&"(5+(58(5.6>63(30 :(/;5
 

 %;1;(52/;9;9
( ,5.,:(/;0 :05.2(: 7,5.,:(/;(5 0); 50-(9 :,5:(5. 2;51;5.(5 4(9(
50-(9 +0#$&"(5+(58(5.6>63(307(+( 2(:,.680)(02
) ,5.,:(/;0 :05.2(: 7,5.,:(/;(5 0); 50-(9 :,5:(5. 2;51;5.(5 4(9(
50-(9 +0#$&"(5+(58(5.6>63(30 7(+( 2(:,.680*;2;7
* ,5.,:(/;0 :05.2(: 7,5.,:(/;(5 0); 50-(9 :,5:(5. 2;51;5.(5 4(9(
50-(9 +0#$&"(5+(58(5.6>63(30 7(+( 2(:,.6802;8(5.

 !!
 (.0034;7,5.,:(/;(5
(903 7,5,30:0(5 050 +(7(: +01(+02(5 )(/(5 7;9:(2( ;5:;2 4,5(4)(/
=(=(9(5 +(5 7,5.,:(/;(5 ),82(0:(5 +,5.(5 4(9( 50-(9 +(5 9:(:09:02(
2,9,/(:(5

 (.0+0809,5+080
,5(4)(/ 7,5.,:(/;(5 +(5 7,5.(3(4(5 +(3(4 7,5,8(7(5 034; 7(+(
)0+(5.(9;/(52,)0+(5(550-(92/;9;95>(:,5:(5.2;51;5.(550-(9
 (.059:0:;90
( (.059:0:;907,3(>(5(52,9,/(:(58;4(/9(20:
,4),80+(:()(.0059:0:;907,3(>(5(52,9,/(:(58;4(/9(20:+(5+(7(:
+0.;5(2(5 9,)(.(07,505.2(:(52;(30:(9+(3(44,4),802(57,3(>(5(5
)(.00);50-(9:,8;:(4(:,5:(5.2;51;5.(54(9(50-(9
) (.059:0:;90",5+0+02(5
$,)(.(0 8,-,8,590 )(/(5 )(*((5 ;5:;2 4,5(4)(/ =(=(9(5 )(.0
4(/(909=( 2,)0+(5(5 2/;9;95>( >(5. ),82(0:(5 +,5.(5 2;51;5.(5
4(9(50-(9

  !
",5,30:0(5 3(05 >(5. ),8/;);5.(5 +,5.(5 7,5,30:0(5 :05.2(:
7,5.,:(/;(50);50-(9 :,5:(5.2;51;5.(54(9(50-(9),3;47,85(/+03(2;2(5
7,5,30:0(5

  !!!
",5;309(5 (8>( %;309 340(/ 050 +0)(.0 4,51(+0  )() >(5. 4(905.
4(905.)()4,4;(::,5:(5.



" &&
() 050 :,8+080 +(80 3(:(8 ),3(2(5. 7,8;4;9(5 4(9(3(/ :;1;(5
7,5,30:0(5 4(5-((: 7,5,30:0(5 2,(930(5 7,5,30:0(5 +(5 909:,4(:02(
7,5,30:0(5



% & "&$%
(3(4 )() 050 ),8090 :,680 +(80 4(9(3(/ >(5. (2(5 +0:,30:0 >(0:;
7,5.,:(/;(5 4,307;:0 7,5.,8:0(5 :05.2(: 7,5.,:(/;(5 -(2:68
-(2:68>(5.4,47,5.(8;/0:05.2(:7,5.,:(/;(5*(8(4,47,863,/
7,5.,:(/;(5 *(8( 4,5.;2;8 7,5.,:(/;(5

50-(9 4,307;:0

7,5.,8:0(5 :;1;(5 (9;/(5 4(9( 50-(9 7,806+, 4(9( 50-(9


7,8;)(/(5 -090636.09 4(9( 50-(9 7869,9 (+(7:(90 7902636.09 4(9(
50-(9 2;51;5.(5 4(9( 50-(9 2,8(5.2( :,680 2,8(5.2( 2659,7
7,5,30:0(5


%!!! " %


(3(4 )() 050 :,8+080 +(80 1,509 +(5 8(5*(5.(5 7,5,30:0(5 362(90
+(5 =(2:; 7,5,30:0(5 767;3(90 9(47,3 +(5 :,/502 7,5.(4)03(5
9(47,3 059:8;4,5 7,5,30:0(5 :,/502 7,5.;47;3(5 +(:( <(80(),3
7,5,30:0(5 +,-05090 67,8(9065(3 <(80(),3 7,5.63(/(5 +(5 (5(30909
+(:(,:02(7,5,30:0(5+(51(+=(37,5,30:0(5

'

$" %  "$


() 050 ),8090 :,5:(5. 7,4)(/(9(5 (:(9 /(903 7,5,30:0(5 >(5.
+03(2;2(5 +(3(4 8(5.2( 4,51(=() 76262 7,84(9(3(/(5 +,5.(5
4,5.(5(309(+(:(>(5.:,3(/+07,863,/

'

" &%&"
()0504,8;7(2(5)()7,5;:;7>(5.:,8+080+(80+;(9;))()>(0:;
2,9047;3(5 +(5 9(8(5 ,9047;3(5 +08;4;92(5 ;5:;2 4,51(=()
:;1;(5 7,5,30:0(5 +(5 05:09(80 +(80 7,4)(/(9(5 +(5 9(8(5 >(5.
4,8;7(2(5*(8( 7,4,*(/(54(9(3(/>(5.8,(30:0 67,8(9065(3

%#"&$%
"#


 
 

 ! 
 "#
0 (4=64@B80=
(4=64B07C0= 030;07 70A8; ?4=68=3@00= <0=CA80 0B0C 70A8; B07C
A4A4>@0=6 B4@7030? >1G4: <4;0;C8 8=3@0 G0=6 38<8;8:8 <0B0 783C=6
B4;8=60 30= A410608=G0 (030 E0:BC ?4=68=3@00= A0<?08 70A8;
?4=64B07C0= B4@A41CB A0=60B 38?4=60@C78 >;47 8=B4=A8B0A ?4@70B80= 30=
?4@A4?A8B4@7030?>1G4:&>B>0B<>39>


1 +8=6:0B?4=64B07C0=
%4=C@CB &>B>0B<>39> 

 ?4=64B07C0= <4<?C=G08 
B8=6:0B0= ?4=64B07C0=G08BC
 +07C
#
+07C 380@B8:0= A410608 ?4=68=60B AC0BC <0B4@8 G0=6 B4;07 38?4;090@8
A414;C<=G0 A4B4;07 <4=60<0B8 A4AC0BC C=BC: <4=64B07C8 0B0C
<4=6C:C@ 107E0 >@0=6 B07C A4AC0BC 30?0B <4=66C=0:0=
?4@B0=G00=?4@B0=G00=
 %4<070<8

%4<070<8 380@B8:0= A410608 AC0BC :4<0<?C0= C=BC: <4=94;0A:0=
A420@0 14=0@ B4=B0=6 >1G4: G0=6 38:4B07C8 30= 30?0B
<4=68=B4@?@4B0A8:0=<0B4@8B4@A41CBA420@014=0@

 ?;8:0A8 
?;8:0A8 380@B8:0= A410608 :4<0<?C0= C=BC: <4=66C=0:0= 0B0C
<4=60?;8:0A8 <0B4@8 G0=6 B4;07 38?4;090@8 ?030 A8BC0A8 0B0C :>=38A8
@40;A414=0@=G0
 =0;8A8A$
=0;8A8A 380@B8:0= A410608 AC0BC :4<0<?C0= C=BC: <4=9010@:0=
<0B4@80B0CAC0BC>1G4::430;0<:><?>=4=:><?>=4=B4B0?8<0A87
3830;0<AC0BCABC:BC@>@60=8A0A8 30=<0A87030:08B0==G0A0BCA0<0
;08= !=38:0A8 107E0 ?4=64B07C0= A4A4>@0=6 AC307 A0<?08 ?030
B8=6:0B 0=0;8A8A 030;07 0?018;0 >@0=6 B4@A41CB B4;07 30?0B
<4<1430:0=0B0C<4<8A07:0=<4=64;><?>:0=<4<1C0B3806@0<
1060=B4@7030??4=64B07C0=>194:B4@A41CB
 *8=B4A8A$ 
*8=B4A8A 380@B8:0= A410608 AC0BC :4<0<?C0= C=BC: <4=GCAC=
8=5>@<0A810@C30@88=5>@<0A88=5>@<0A8G0=6;08=
 D0;C0A8"! 
D0;C0A8 8=8 14@:08B0= 34=60= :4<0<?C0= C=BC: <4;0:C:0=
?4=8;080=B4@7030?AC0BC<0B4@80B0C>1G4:
2 0:B>@50:B>@/0=6%4<?4=60@C78+8=6:0B(4=64B07C0=
%4=C@CB&>B>0B<>39>

 50:B>@50:B>@ G0=6<4<?4=60@C78
B8=6:0B?4=64B07C0=0=B0@0;08=

 (4=60;0<0=
(4=60;0<0= 30?0B 38?4@>;47 30@8 ?4=60;0<0= A438@8 <0C?C= >@0=6
;08= (4=60;0<0= G0=6 AC307 38?4@>;47 30?0B <4<?4@;C0A
?4=64B07C0=A4A4>@0=6
 (4=3838:0=
(4=3838:0= 30?0B <4<10E0 E0E0A0= 0B0C ?4=64B07C0= A4A4>@0=6
*420@0 C<C< A4A4>@0=6 G0=6 14@?4=3838:0= ;4187 B8=668 0:0=
<4<?C=G08 ?4=64B07C0= G0=6 ;4187 ;C0A 38 10=38=6:0= 34=60=
A4A4>@0=6G0=6B8=6:0B?4=3838:0==G0;4187@4=307
 #4G0:8=0=
80A0=G0 :4G0:8=0= 38?4@>;47

A420@0 BC@C= B4<C@C= 30= B0=?0

030=G0 ?4<1C:B80= B4@;4187 307C;C #4G0:8=0= 8=8 18A0


<4<?4=60@C78 ?4=64B07C0= A4A4>@0=6 108: :4G0:8=0= 8BC A850B=G0
?>A8B85<0C?C===460B85
 0A8;8B0A
0A8;8B0A50A8;8B0A

A010608

AC<14@

8=5>@<0A8

G0=6

30?0B

<4<?4=60@C78 A4A4>@0=6 <8A0;=G0 @038> B4;4D8A8 <090;07 :>@0=


30=1C:C
 (4=670A8;0=
(4=670A8;0= B830: 14@?4=60@C7 ;0=6AC=6 B4@7030? ?4=64B07C0=
A4A4>@0=6&0<C=18;0A4A4>@0=614@?4=670A8;0=2C:C?14A0@<0:0
3800:0= <0<?CC=BC:<4=G4380:0=0B0C<4<14;850A8;8B0A50A8;8B0A
AC<14@8=5>@<0A8

 *>A80;C30G0
#41C30G00= A4B4<?0B 30= :4180A00= 30;0< :4;C0@60 30?0B
<4<?4=60@C8 ?4=64B07C0= ?4@A4?A8 30= A8:0? A4A4>@0=6 B4@7030?
A4AC0BC
3 0@0%4<?4@>;47(4=64B07C0=
0@0 <4<?4@>;47 ?4=64B07C0= <4=C@CB &>B>0B<>39> 


030 G08BC 
 0@0%4<?4@>;47#414=0@0=&>= !;<807
0@0 :C=> 0B0C B@038A8>=0; 8=8 38?0:08 >@0=6 C=BC: <4<?4@>;47
:414=0@0=?4=64B07C0=A414;C<38B4<C:0==G0<4B>348;<8070B0C
<4B>34 ?4=4<C0= A420@0 A8AB4<0B8: 30= ;>68A 030;07 34=60= 20@0
=>= 8;<807B0=?0<4;0;C8?4=4;8B80=
 0@0!;<80730;0<%4<?4@>;47(4=64B07C0=
0@0 10@C 0B0C <>34@= 30;0< <4<?4@>;47 ?4=64B07C0= ?030
34E0A0 8=8 ;4187 A8AB4<0B8A ;>68A 30= 8;<807 0@0 8=8 38A41CB
<4B>34 ?4=4;8B80= 8;<807 0B0C ;4187 ?>?C;4@ 38A41CB <4B>3>;>68
?4=4;8B80=  $
4 0@0%4=6C:C@(4=64B07C0=
0@0 ?4=6C:C@0= ?4=64B07C0= G08BC 34=60= <4=66C=0:0= B4A
+4A 030;07 A434@4B0= ?4@B0=G00= G0=6 386C=0:0= C=BC: <4=6C:C@
:4B@0<?8;0= ?4=64B07C0= 8=B4;464=A8 :4<0<?C0= 0B0C 10:0B G0=6
38<8;8:8 >;47 8=38D83C 0B0C :4;><?>: &>B>0B<>9>

 %4=C@CB
)8E838:3>

B8=6:0B?4=64B07C0=38:0B46>@8:0=<4=9038 G08BC

 (4=64B07C0=108:18;0F<40= *
 (4=64B07C0=2C:C?18;0<40= I *  F  <40= *
 (4=64B07C0=:C@0=618;0F<40=  *
 !
0 (4=64@B80= <0A0=850A
 %4=C@CB (@0E8@>70@39> 

 =850A !! 030;07 38<C;08


A4B4;07 :4;078@0= ?;0A4=B0 30= 14@0:78@ :4B8:0 0;0B0;0B :0=3C=60=
:4<10;8 A4?4@B8 :40300= A414;C< 70<8; %0A0 =850A 14@;0=6AC=6
A4;0<0:8@0:8@0<8=66C
 %4=C@CB E8:=9>A0AB@> 

 <0A0 =850A !! 030;07


<C;08A4B4;07?0@BCAA4;4A0830=14@0:78@A4B4;07:8@0:8@0<8=66C
:0=B4B0?8A4;C@C70;0B64=4B0;10@C?C;87:4<10;8A4?4@B8A414;C<
030:470<8;0=30;0<E0:BC 1C;0=
 %4=C@CB*C74@=8

<0A00B0CE0:BCA490:10G838;078@:0=30=
?;0A4=B0 :4;C0@ 30@8 @078< A0<?08  <8=66C 14@8:CB=G0 38A4@B08
34=60= ?C;87=G0 >@60=>@60= G0=6 14@:08B0= 34=60= :0=3C=60=
G0=6 <4=60;0<8 ?4@C1070= A4?4@B8 ?4@;C:00= 30= ;08= A410608=G0
G0=614@:08B0=34=60=<4;078@:0=
1 +C9C0=AC70=%0A0&850A
%4=C@CB*C;8ABG0E0B8

BC9C0= 0AC70=G0=63814@8:0=?030
81C=850A030;07
 %4=8=6:0B:0=:4A4907B4@00=58A8:30=?A8:>;>68A106881C30=10G8
 (4=246070=3806=>A038=830=?4=6>10B0=:><?;8:0A8?03081C

 %4@C9C:81C:40AC70=B4=06007;818;0<0=0?4@;C
 %4=3C:C=6 30= <4<?4@:C0B :4G0:8=0= 81C A4@B0 <4<C=6:8=:0=
81C C=BC: <0<?C <4;0:A0=0:0= ?4@0==G0 30;0< A8BC0A8 :4;C0@60
30=1C30G0G0=6:7CACA
 !<C=8A0A8B4@7030? B4B0=CA
 %4=3>@>=6 ?4;0:A0=00= <4B>34 G0=6 A470B B4=B0=6 ?4<14@80=
<0:0= 0=0: A4@B0 ?4=8=6:0B0= ?4=64<10=60= 7C1C=60= G0=6 108:
0=B0@081C30=0=0:
2 (4@8>34%0A0&850A
%4=C@CB*C;8ABG0E0B8

?4@8>34<0A0=850A381068<4=9038
B070?G08BC
 !! 38=8
!! 38=8<4@C?0:0=<0A0:4?C;870=G0=630;0<70;8=881C
B4;0738?4@1>;47:0=14@38@830=90;0=90;0=
 !! 
!!   <4@C?0:0= <0A0 :4?C;870= <4=G4;C@C7
0;0B0;0B64=4B0;80G0=6;0<0=G0A4:8B0@ <8=66C
  !!
  !! <4@C?0:0= <0A0 G0=6 38?4@;C:0= C=BC: ?C;87
30= A470B A4<?C@=0 B4@CB0<0 18;0 A4;0<0 70<8; 0B0C E0:BC
?4@A0;8=0=<4<?C=G08:><?;8:0A8

3 (4@C1070=58A8>;>68A<0A0=850A
%4=C@CB *C;8ABG0E0B8 

 ?4@C1070= 58A8>;>68A <0A0 =850A


<4;8?CB8
 (4@C1070=AGAB4<@4?@>3C:A8
0 ,B4@CA
  (4=64@CB0=@078<"!
"! <4@C?0:0= AC0BC ?@>A4A :4<10;8=G0 CB4@CA
?030 :>=38A8 A414;C< 70<8; 4=60= "! CB4@CA 8=8
;0?8A0= ;C0@ 30@8 ! G0=6 <4=64;8;8=68 A8BCA ?;0A4=B0
0:0=<4=9038 !  ;0GC <0B8
(@>A4A "! CB4@CA 38A4@B08 34=60= ?4=C@C=0=
B8=668 5C=3CA CB4@8 +, (030 70@8 ?4@B0<0 +, 38 0B0A
A8<?8A8A ?C18A 0B0C A4:8B0@  2< 70; 8=8 B4@CA 14@;0=6AC=6
34=60= ?4=C@C=0= +,  2< A4B80? 70@8=G0 A478=660 ?030
70@8:4+,14@:8A0@2<30=?03070@8:4
+,B830:
B4@01038A8<?8A8A?C18A
"! CB4@CA B4@9038 <4;0;C8 ?@>A4A G0=6
14@A0<00=0=B0@0;08=
0 ! $
! $ <4@C?0:0= ?@>A4A ?4=670=2C@0= 38@8 A4=38@8
G0=6 B4@9038 38 30;0< >B>B CB4@8 =H8< ?@>B4>;8B8: 0:0=
<4<4=34::0= 90@8=60= >B>B G0=6 B4;07 A4<?0B
<4=64=3C@78=660
:0;8?0=90=6=G030@8A4<C;030=
:0;8;410@=G030@8A414;C<70<8;

1   90@8=60=


"0@8=60= G0=6 14@?@>;854@0A8 34=60= 030=G0 4AB@>64=
30;0<9C<;0714A0@:4<C380=<4=60;0<8   A410608
@40:A8 B4@7030? ?4=674=B80= ?@>3C:A8 4AB@>64= G0=6
<4=G4@B08?4;4?0A0=?;0A4=B0
2 54:>:A8B>A8=:>=B@0:A8
>@<>=4 >:A8B>A8= G0=6 38;4?0A 30@8 :4;4=90@ $
<4<?4@:C0B

30=

<4=60BC@

:>=B@0:A8

CB4@CA

<4=6><?@4A8 ?4<1C;C7 30@07 30= <4<10=BC ?@>A4A


   #>=B@0:A8 30= @4B@0:A8 >B>B CB4@8 0:0=
<4=6C@0=68 AC?;08 30@07 :4 CB4@CA (@>A4A 8=8 0:0=
<4=6C@0=68 14:0A ;C:0 B4<?0B 8<?;0=B0A8 ?;0A4=B0 30=
<4=6C@0=68?4@30@070=
  $>:740
$>:740 030;07 4:A:@4A8 208@0= @078< A4;0<0 <0A0
=850A $>:740 <4<?C=G08 ?4@C1070= E0@=0 30= D>;C<4
:0@4=0030=G0?@>A4A "!
$>:740 381430:0= <4=9038  94=8A 14@30A0@:0= E0@=0 30=
E0:BC:4;C0@=G0G08BC
0 $>:740@C1@0
$>:7408=8:4;C0@?03070@8?4@B0<0A0<?0870@8:44<?0B
<0A0 ?>AB ?0@BC< 08@0= G0=6 :4;C0@ 14@E0@=0 <4@07
#0@4=0 B4@8A8 30@07 A460@ 90@8=60= A8A0A8A0 ?;0A4=B0

38=38=6 @078< ;4<0: 10G8 ;0=C6> @0<1CB 10G8 30=


<4:>=8C<
1 $>:740A0=6C8=>;4=B0
$>:740 8=8 14@E0@=0 <4@07 :42>:;0B0= 30= 14@;4=38@
A4@B014@;0=6AC=630@870@8:44<?0BA0<?0870@8:4BC9C7
?>AB?0@BC<
2 $>:740A4@>A0
$>:740 8=8 14@E0@=0 :C=8=6 :42>:;0B0= :0@4=0
<4=60=3C=6 A4@C< ;4C:>A8B 30= @>14:0= 0B0C ;0A4@0A8
?;0A4=B0#4;C0@?03070@8:4BC9C7A0<?0870@8:44<?0B
14;0A?>AB?0@BC<
3 $>:7400;10
$>:7408=8<4=60=3C=6;4C:>A8BA4;34A83C0A4;4?8B4;
A4;0?CB ;4=34@ A4@D8:A 30= A4@01CB 90@8=60= G0=6 <0B8
$>:740 0;10 8=8 30?0B 14@;0=6AC=6 A4;0<0  <8=66C
?>AB?0@BC<
$>:740G0=6<4=4B0??0300E0;?4@8>34?>AB?0@BC<
<4=C=9C::0= 030=G0 B0=30B0=30 ?4@30@070= A4:C=34@ G0=6
<C=6:8= 38A4101:0= >;47 B4@B8=660;=G0 A8A0 0B0C A4;0?CB
?;0A4=B0
  (4@C1070=?030A4@D8:A
*4@D8: <4=60;0<8 "! 14@A0<0A0<0 34=60=
CB4@CA .0@=0 A4@D8: <4@07 :478B0<78B0<0= :0@4=0 ?4=C7

?4<1C;C7 30@07 #>=A8AB4==G0 ;C=0: :030=6:030=6


B4@30?0B;0A4@0A8 ?4@;C:00=:428;#0@4=0@>14:0=:428;G0=6
B4@9038 A4;0<0 38;0B0A8 A4@D8: B830: ?4@=07 :4<10;8 ?030
:40300=A414;C<70<8;
4=BC:=G0 A4?4@B8 2>@>=6 :0@4=0 38A4101:0= >;47
:>@?CA CB4@8 G0=6 <4=6030:0= :>=B@0:A8 A430=6:0= A4@D8:
B830: 14@:>=B@0:A8 A478=660 ?030 ?4@10B0A0= 0=B0@0 :>@?CA
CB4@8 30= A4@D8: B4@14=BC: 28=28= %C0@0 A4@D8: G0=6
14@38;0B0A8
 2< ?030 E0:BC ?4@A0;8=0= <4=CBC? A420@0
14@B070= *4B4;07 10G8 ;078@ B0=60= <0A87 18A0 <0AC: :4
@>=660 @078< A4B4;07 30?0B 38<0AC:8   90@8 ?030 <8=66C
:4?>AB?0@BC<A4@D8:<4=CBC?
1 -C;D030=-068=0
-C;D0 30= D068=0 <4=60;0<8 ?4=4:0=0= A4@B0 ?4@460=60= G0=6
A0=60B 14A0@ A4;0<0 ?@>A4A ?4@A0;8=0= 30= 0:0= :4<10;8 A420@0
14@B070? 30;0<  <8=66C ?>AB ?0@BC< (4=C@C=0= 7>@<>=4
4AB@>64= ?030 <0A0 ?>AB ?0@BC< 14@?4@0= 30;0< ?4=8?8A0=
<C:>A0D068=030=78;0=6=G0@C604)C6040:0=B4@;870B:4<10;8
?030A4:8B0@<8=66C:4
2 (4@8=4C<
*464@0 A4B4;07 <4;078@:0= ?4@8=4C< <4=9038 :4=3C@ :0@4=0
A414;C<=G0B4@460=6>;47B4:0=0=10G8G0=614@64@0:<09C(030
?>AB =0B0; 70@8 :4  ?4@8=4C< AC307 <4=30?0B:0= :4<10;8
A410680=B>=CA=G0A4:0;8?C=B4B0?;4187:4=3C@30@8?030:40300=
A414;C<70<8;

 (4@C1070=*8AB4<(4=24@=00=
!1C 0:0= <4=60;0<8 :>=AB8?0A8 A4B4;07 ?4@A0;8=0= 70; 8=8
38A4101:0= :0@4=0 ?030 E0:BC ?4@A0;8=0= 0;0B ?4=24@=00=
<4=60;0<8 B4:0=0= G0=6 <4=G4101:0= :>;>= <4=9038 :>A>=6
?4=64;C0@0= 208@0= 14@;4187 ?030 E0:BC ?4@A0;8=0= :C@0=6=G0
0AC?0=208@0=30=<0:0=0=A4@B0:C@0=6=G00:B8D8B0ABC1C7
*4;08= :>=AB8?0A8 81C 9C60 <4=60;0<8  0:810B
?4=C@C=0= 30@8 A4:@4A8 :4;4=90@ ?4=24@=00= 30= <4<?4=60@C78
?4@C1070= A4:@4A8 A4@B0 ?4=C@C=0= :41CBC70= :0;>@8 G0=6
<4=G4101:0=:C@0=6=05AC<0:0=
 (4@C1070=*8AB4<(4@:4<870=
*4B4;07 ?@>A4A ?4@A0;8=0= 14@;0=6AC=6 81C 0:0= AC;8B C=BC:
1C0=608@:428;30;0< 90<?4@B0<0(4=G4101=G0030;07B4@30?0B
A?0A<4 A58=:B4@ 30= 434<0 ;474@ :0=3C=6 :4<87 <4=60;0<8
:><?@4A8 B4:0=0= 0=B0@0 :4?0;0 90=8= 30= BC;0=6 ?C18A A4;0<0
?4@A0;8=0=14@;0=6AC=6
,@8=4 30;0< 9C<;07 14A0@ 0:0= 3870A8;:0= 30;0<   90<
?>AB ?0@BC< #030@ 7>@<>=4 4AB@>64= G0=6 14@A850B <4=070= 08@
0:0= <4=60;0<8 ?4=C@C=0= G0=6 <4=2>;>: #40300= B4@A41CB
38A41CB38C@4A80,@4B4@G0=614@38;0B0A80:0=:4<10;8=>@<0;30;0<
<8=66C

 (4@C1070=*8AB4<%CA:C;>A:4;4B0;
$860<4=B 50A80 30= 3805@06<0 ?4;D8A G0=6 <4@460=6 ?030
E0:BC?4@A0;8=0=A4B4;0710G8;078@A420@014@0=6AC@0=6AC@ <4=9038
28CB30=?C;87:4<10;8A478=660B830:90@0=6CB4@CA90BC7:414;0:0=6
30=<4=9038@4B@>5;4:A8 :0@4=0;860<4=B@>BC=3C<<4=9038:4=3>@
*B018;8B0A A420@0 A4<?C@=0 B4@9038 ?030  <8=66C A4B4;07
?4@A0;8=0= *410608 0:810B ?CBCA=G0 A4@0BA4@0B 4;0AB82 :C;8B 30=
38AB4=A8 G0=6 14@;0=6AC=6 ;0<0 0:810B 14A0@=G0 CB4@CA ?030 A00B
70<8; 38=38=6 013><4= <0A87 ;C=0: 30= :4=3C@ C=BC: A4<4=B0@0
E0:BC
 (4@C1070=*8AB4<=3>:@8=
0

>@<>=4?;0A4=B0
>@<>=4 ?;0A4=B0 <4=C@C= 34=60= 24?0B A4B4;07 ?;0A4=B0



 C<0= 7>@8>=82 >=03>B@>?8= <4=C@C= 34=60= 24?0B 30=


<4=4B0?A0<?08
30;0< 90<78=66070@8:4?>AB?0@BC<
30=A410608>=A4B?4<4=C70=<0<04?03070@8:4 ?>AB?0@BC<
1

>@<>=4 ?8BC8B0@G
(@>;0:B8=30@070:0=<4=8=6:0B34=60=24?0B(030E0=8B0 G0=6
B830:<4=GCAC8?@>;0:B8=<4=C@C=30;0<E0:BC <8=66C*
30= $  0:0= <4=8=6:0B ?030 50A4 :>=A4=B@0A8 ! <8=66C
:4 30=$ B4B0?@4=30778=660>DC;0A8B4@9038

2

G?>B0;0<8:(8BC8B0@G'D0@8C<
$0<0=G0 A4>@0=6 E0=8B0 <4=30?0B <4=AB@C0A8 9C60 38?4=60@C78
>;47 502B>@ <4=GCAC8 *4@8=6:0;8 <4=AB@C0A8 ?4@B0<0 8=8 14@A850B
0=>DC;0A8:0@4=0@4=307=G0:030@4AB@>64=30=?@>64AB4@>=4

3 #030@AB@>64=
*4B4;07 ?4@A0;8=0= B4@9038 ?4=C@C=0= :030@ 4AB@>64= G0=6
14@<0:=0 A478=660 0:B8D8B0A ?@>;0:B8= G0=6 9C60 A430=6
<4=8=6:0B:0= 30?0B <4<?4=60@C78 :4;4=90@ <0<04 30;0<
<4=670A8;0:0=*!
 (4@C1070=+0=30-8B0;
0 *C7C030=
0;0< 70@8 90<?>AB?0@BC<AC7C1030=0:0==08:A438:8B
 
 
 A410608 0:810B :4@90 :4@0A A4E0:BC <4;078@:0=
:478;0=60= 208@0= 30= :4;4;070= ?018;0 :40300= =>@<0; AC7C
1030= <4=9038 180A0 80A0=G0 ?030 70@8 :4  AC7C 1030= =08:
;068:0@4=0030=G0?4<14=BC:0=*!(0GC30@0<4=903814=6:0:
30= 14@E0@=0 <4@07 :0@4=0 10=G0:=G0 *! 8;0 AC7C B830:
BC@C= :4<C=6:8=0= 030=G0 8=54:A8 ?030 4=3><4B@8C< <0AB8B8A
B@02BCA64=8B0;8A0B0CAGAB4<;08=
1 &038
4=GCB =038 =>@<0; ?030 >@0=6 34E0A0 030;07 

 :0;8 ?4@
<4=8B4=GCB=038A47018A<4;078@:0=180A0=G00:0=;418724?0B
*4B80? 34=GCB =038 G0=6 <4;41878

 :0;8 ?4@ <4=8B 030;07


01=>@<0;30=70;8=8<4=C=9C::0=030=G0:4<C=6:8=0=8=54:A8

2 +4:0=0=0@07
+4:0=0= 30@07 180A0=G0 B830: 14@C107 #4<C=6:8=0= B4:0=0=
30@07 0:0= ;4187 @4=307 A4B4;07 81C <4;078@:0= :0@4=0 030
?4@30@070= +4:0=0= 30@07 B8=668 ?030 A00B ?>AB ?0@BC< 30?0B
<4=0=30:0=B4@9038=G0?@44:;0<A8?>AB?0@BC<
3 (4@=050A0=
#40300=?4@=050A0=A4;0;C14@7C1C=60=34=60=AC7C30=34=GCB
=0388;0AC7C30==038B830:=>@<0;<0:0?4@=050A0=9C600:0=
<4=68:CB8=G0 :42C0;8 18;0 030 60=66C0= :7CACA ?030 A0;C@0=
?4@=050A0=
 (4@C1070=*8AB4<#0@38>D0A:C;4@
#0@380:0CB?CB<4=8=6:0BA4;0<0?4@A0;8=0=30=14@;0=6AC=6
A0<?08 :0;0 !!! :4B8:0 D>;C<4 30@07 CB4@CA 38:4;C0@:0= (4=C@C=0=
B4@9038 ?030 1414@0?0 70@8 ?4@B0<0 ?>AB ?0@BC< 30= 0:0= :4<10;8
=>@<0; ?030 0:78@ <8=66C :4  ?>AB ?0@BC< (030 ?4@A0;8=0=
?4@D068=0< :478;0=60= 30@07 A4:8B0@



 22 18;0 :4;078@0=


<4;0;C8 A42B8>= 204A0@80 :478;0=60= 30@07 30?0B 3C0 :0;8 ;8?0B
(4@C1070=B4@38@830@8D>;C<430@07 30=704<>:>=A4=B@0A80:0==08:
30= ?030 A42B8>= 204A0@80 704<>:>=A4=B@0A8 24=34@C=6 AB018; 30=
:4<10;8=>@<0;A4B4;07 <8=66C*4B4;07<4;078@:0=A7C=B0:0=
78;0=634=60=B810B810->;C<430@0781C@4;0B8D40:0=14@B0<107
#40300= 8=8 0:0= <4=8<1C;:0= 1410= ?030 90=BC=6 30= 30?0B
<4=8<1C;:0= 34:><?4=A0A8 :>38A ?030 ?4=34@8B0 D8B8C< 2>@380;

,=BC: :40300= 8=8 30?0B 380B0A8 34=60= <4:0=8A<4 :><?4=A0A8


34=60=B8<1C;=G0704<>:>=A4=B@0A8A478=660D>;C<430@07:4<10;8
A4?4@B8A4380:0;0,<C<=G070;8=8B4@9038?03070@8:4 A0<?08
70@8?>AB?0@BC<
 (4@C1070=*8AB4< 4<0B>;>68
$4C:>A8B>A8B <C=6:8= B4@9038 A4;0<0 ?4@A0;8=0= A4; 30@07
<4@07 14@:8A0@ 

 A4;0<0 ?4@A0;8=0= (4=8=6:0B0= A4; 30@07


?CB87 14@:8A0@ 0=B0@0 




 <4@C?0:0= <0=854AB0A8 030=G0


8=54:A8?030?4@A0;8=0= ;0<030?0B<4=8=6:0B?0300E0;=850A G0=6
B4@9038 14@A0<00= 34=60= ?4=8=6:0B0= B4:0=0= 30@07 D>;C<4
?;0A<0 30= D>;C<4 A4; 30@07 <4@07 (030   70@8 ?>AB ?0@BC<
:>=A4=B@0A8 74<0B@>:@8B <4=C@C= A4:8B0@   0B0C ;4187 +>B0;
:478;0=60=30@07?030A00B?4@A0;8=0=30==850A14@:8A0@0=B0@0 

<;

<;78;0=6?030A00B?4@A0;8=0=



<;78;0=6?030
<8=66C?4@B0<0?>AB?0@BC<30=

<;78;0=6?030A00B<0A0=850A
4 (@>A4A30?B0A8 (A8:>;>68A
%4=C@CB *0;470 

 030?B0A8 ?A8:>;>68A ?030 <0A0 =850A


381068<4=9038 B070?G08BC
 
+4@9038?030  70@8A4B4;07?4@A0;8=0=81C<0A87?0A8530=A0=60B
B4@60=BC=6 ?030 >@0=6 ;08= 5>2CA ?4@70B80= B4@7030? BC1C7=G0 81C
;4187 <4=68=60B ?4=60;0<0= <4;078@:0= 30= ?4@A0;8=0= G0=6
380;0<8A4@B0:41CBC70=B83C@30==05AC<0:0=<4=8=6:0B

  
4@;0=6AC=6  70@8 ?>AB ?0@BC< 81C ;4187 14@:>=A4=B@0A8 ?030
:4<0<?C0==G0 30;0< <4=4@8<0 B0=66C=6 90E01 A4?4=C7=G0
B4@7030??4@0E0B0=10G8(030<0A08=881C<4=9038A0=60BA4=A8B8D4
A478=660 <4<1CBC7:0= 18<18=60= 30= 3>@>=60= ?4@0E0B C=BC:
<4=60B0A8:@8B8:0=G0=6380;0<881C
   
80;0<8 A4B4;07 B810 81C 30= 10G8 B810 38 @C<07 !1C <C;08 A420@0
?4=C7<4=4@8<0B0=66C=690E01A410608A4>@0=681C30=<4=G030@8
0B0C<4@0A0:41CBC70=10G8A0=60B14@60=BC=6?03038@8=G0
 ## !!
0 (4=64@B80=:C=9C=60=<0A0=850A
#C=9C=60= <0A0 =850A 030;07 :C=9C=60= G0=6 38;0:C:0= >;47
81C =850A G0=6 38;0:C:0= ?0;8=6 A438:8B 4<?0B :0;8 #C=9C=60= 8=8
14@BC9C0= C=BC: <4=8;08 AB0BCA 81C 30= 10G8 10@C ;078@ 9C60 C=BC:
<4=24607<4=34B4:A8A4@B0<4=0=60=8<0A0;07<0A0;07G0=6B4@9038
*0;470


1 #41890:0=?@>6@0<=0A8>=0;<0A0=850A
%4=C@CB*C;8ABG0E0B8

 :41890:0=:C=9C=60=<0A0=850A 030;07


 #C=9C=60=?4@B0<0
.0:BC90<A4B4;07?4@A0;8=0= +C9C0=:C=9C=60=8=8030;07
0

%4=24607?4@30@070=<0A0=850A:0@4=0  ! 


  !  030;07 CB4@CA 6060; 14@:>=B@0:A8 34=60= 108:
A4B4;07?4@A0;8=0=(@0E8@>70@39>



1

%4=34B4:A830=<4@0E0B?4=G4101;08=?4@30@070=@C9C:98:0
?4@30@070=14@;0=9CB

2

%4<14@8:0= :>=A4;8=6 ?030 81C 0B0C A0;07 A0BC 0=66>B0


:4;C0@60 <4=64=08 10608<0=0 20@0 <4=24607 ?4@30@070=
<0A0=850A:0@4=0  ! 
(4=30@070= <0A0 =850A :0@4=0   !  30?0B 3824607
34=60= <4=6090@:0= 81C 0B0C A0;07 A0BC 0=66>B0 :4;C0@60
C=BC: <4;0:C:0=  CB4@CA 34=60= 20@0 <4;4B0::0=
B4;0?0: B0=60= 38 5C=3CA 30=  34=60= 64@0:0=
<4;8=6:0@ A420@0 ;4<1CB 78=660 CB4@CA 14@:>=B@0:A8 5C=3CA
B4@010:4@0A*C;8ABG0E0B8



3

(4<14@80=*!0E0;
  (4=64@B80=*!
*! <4@C?0:0= =CB@8A8 0;0<807 B4@108: 1068 10G8 :0@4=0
<4=60=3C=6:41CBC70=4=4@6G30=H0BG0=6381CBC7:0=
A4;0<0



1C;0=

?4@B0<0

:4783C?0=

10G8

.C;0=30@830= 0=30G0=8

  (4<14@80=*!0E0;
%4<180@:0= 10G8 14@A0<0 81C=G0 A464@0 A4AC307
38;078@:0=A4;0<01414@0?090<?4@B0<0 0;8=8?4=B8=6
C=BC: <4<18=0 7C1C=60= 38 A0<?8=6 C=BC: ?4<14@80=
*!0G8G0=6=>@<0;14@03030;0<:40300=10=6C=30=
A030@ A4;0<0 1414@0?0 90< ?4@B0<0 A4AC307 ;078@

#4<C380=10G80:0=<4<0AC:8<0A0B83C@?C;0A(4=B8=6
A4:0;8 C=BC: <4<1C0B 10G8 <4=4@8<0 *! ?030 E0:BC
<0A87 B4@10=6C=  %4<1C0B 10G8 <4@0A0 =G0<0= 30=
70=60B34=60=<4<10@8=6:0==G030=<4=4<?4;:0=:C;8B
81C=G0 30= <4=G4;8<CB8=G0 %4;0:C:0=
<4=8B

<8=8<0;

:0@4=0 A00B 8BC;07 10G8 A80? <4=GCAC

.C;0=30@830= 0=30G0=8

4

%4;0:C:0=7C1C=60=0=B0@081C34=60=10G8G0=610@C;078@
C1C=60=0=B0@081C34=60=10G8G0=610@C;078@0:0=
<4=4=BC:0= BC<1C7 :4<10=6 0=0: <4=9038 >?B8<0; (030
?@>A4A 8=8 B4@9038 ?4=6601C=60= 14@30A0@:0= 28=B0 30=
?4=4@8<00= G0=6 BC;CA 30@8 81C B4@7030? 0=0:=G0
*C;8ABG0E0B8


%4=C@CB <10@E0B8 30= .C;0=30@8 

 ?4@8;0:C
<4=50A8;8B0A8 >@0=6 BC0 G0=6 <4<?4=60@C78 030=G0 8:0B0=
:0A87A0G0=6<4;8?CB8
  %4=0B0?<4=20@828@8:70A0=0:
  #>=B0:<0B0
  %4<14@8:0=?4@70B80=
 %4=660=660?0=0:A4106088=38D83CG0=6C=8:
 %4=660=660?0=0:A4106080=66>B0:4;C0@60
 %4<14@8A4=GC<0=
 4@1820@0 <4=G0=G8

 %4=C=9C::0=:410=6600=?0300=0:
 %4=6090:0=0:?030020@0:4;C0@60

 %4<070<8?4@8;0:C0=0:30=<4<4=C78:41CBC70=0=0:
 4@40:A8?>A8B85B4@7030??4@8;0:C0=0:
%4=C@CB <10@E0B8 30= .C;0=30@8 

 ?4@8;0:C
?4=670<10B >@0=6 BC0 G0=6 <4<?4=60@C78 030=G0 8:0B0=
:0A87A0G0=6<4;8?CB8
  %4=90C7 30@8 0=0: B830: <4<?4@3C;8:0= :47038@0==G0
<4=678=30@<4=>;0:C=BC:<4=G4=BC70=0:
  +830:<4=4<?0B:0=0=0:A4106080=66>B0G0=6;08=B830:
<4<14@8:0==0<0?0300=0:
  %4=660=660?0=0:A410608A4AC0BCG0=6B830:38AC:08
 +830:<4=664=660<90@8=G0
 +4@1C@C1C@C30;0<<4=GCAC8
 %4=C=9C:0= :4:424E00= ?030 0=0: 30= B830: <4<4=C78
:41CBC70==G0
5

%4=906010G8B4B0?A470B 34=60=20@0<4=24607 $ 


%4=C@CB (@0E8@>70@39> 

 20@0 <4=24607


$  <4;8?CB8
  %4<0AB8:0= 10G8 B4@A41CB B4B0? 70=60B 30= B4@9038 :>=B0:
0=B0@0:C;8B10G834=60=:C;8B81C
  %4=60=B8 70=3C: :08= G0=6 10A07 30= 1C=6:CA 10G8
B4@A41CB34=60=A4;8<CB30= 90=60=;C?0<4<0AB8:0=107E0
:4?0;0 B4;07 B4@;8=3C=68 34=60= 108: C=BC: <4=24607
:4;C0@=G0?0=0ABC1C7

  %4<0AB8:0= 10G8 B4B0? 70=60B 34=60= <4<4@8:A0 B4;0?0:


10G8 A4B80?  <4=8B ?018;0 B4;0?0: 10G8 B4@0A0 38=68=
?4@8:A0 AC7C 0:A8;0 10G8 ?018;0 AC7C 10G8 :C@0=6 30@8

A464@070=60B:0=10G8
"8:0 ?4BC60A :4A470B0= <4=>;>=6 ?4@A0;8=0= 80 70@CA
B8=660; 34=60= 81C 30= 10G8 G0=6 10@C ;078@ A4;0<0  90<
?4@B0<0A4B4;07:4;078@0=0B0CA0<?0881C30=10G8=G030;0<
:40300=AB018;
 #C=9C=60=:43C0
.0:BC 70@8A4B4;07?4@A0;8=0= +C9C0=:C=9C=60=8=8030;07
0

%4<0AB8:0=

"! ! !

14@90;0= =>@<0; CB4@CA

14@:>=B@0:A85C=3CA3810E07C<18;82CAB830:030?4@30@070=
01=>@<0;B830:03010C
"! <4@C?0:0= AC0BC ?@>A4A :4<10;8=G0 CB4@CA
?030 :>=38A8 A414;C< 70<8; 4=60= "! CB4@CA 8=8
;0?8A0=;C0@30@8 ! G0=6<4=64;8;8=68A8BCA?;0A4=B00:0=
<4=9038 !  ;0GC <0B8
(@>A4A "!! ! 38A4@B0834=60=?4=C@C=0=B8=668
5C=3CA CB4@8 +, (030 70@8 ?4@B0<0 +, 38 0B0A A8<?8A8A
?C18A 0B0C A4:8B0@  2< 70; 8=8 B4@CA 14@;0=6AC=6 34=60=
?4=C@C=0=+, 2<A4B80?70@8=G0A478=660?03070@8:4
+, 14@:8A0@  2< 30= ?030 70@8 :4
 +, B830: B4@010 38
A8<?8A8A?C18A

1

%4=8;08 030=G0 B0=30B0=30 34<0< 8=54:A8 0B0C ?4@30@070=


01=>@<0;

2

%4<0AB8:0= 81C <4=30?0B 2C:C? <0:0=0= 208@0= 30=


8AB8@070B
  (4<4=C70=68H881C=850A
%4=C@CB *C;8ABG0E0B8 

 (4<4=C70= 68H8 81C =850A


0=B0@0;08=
0 %4=6:>=AC<A8B0<1070=

:0;>@8B80?70@8
1 %0:0= 34=60= 384B 14@8<10=6 2C:C? ?@>B48= <8=4@0;
30=D8B0<8=
2 %8=C< A438:8B=G0  ;8B4@ A4B80? 70@8 B4@CB0<0 A4B4;07
<4=GCAC8
3 %4=6:>=AC<A8B01;4BH0B14A8A4;0<0<0A0=850A
4 %8=C< :0?AC; D8B0<8=  

 C=8B 060@ 30?0B


<4<14@8:0=D8B0<8=:4?03010G8=G0<4;0;C8*!
  !AB8@070B
!1C ?>AB ?0@BC< A0=60B <4<1CBC7:0= 8AB8@070B G0=6
14@:C0;8B0A C=BC: <4<C;87:0= :4<10;8 :40300= 58A8:=G0
#4;C0@60 38A0@0=:0= C=BC: <4<14@8:0= :4A4<?0B0=
:4?030 81C C=BC: 14@8AB8@070B G0=6 2C:C? A410608
?4@A80?0=

C=BC:

*C;8ABG0E0B8



4=4@6G

<4=GCAC8

10G8=G0

%4=C@CB .C;0=30@8 30=

0=30G0=8 
 :C@0=6

8AB8@070B?03081C=850A30?0B<4=60:810B:0=0=B0@0;08=
0 %4=6C@0=689C<;07*!
1 %4<?4@;0<10B

"!

G0=6

0:78@=G0

18A0

<4=G4101:0=?4@30@070=
2 %4=G4101:0=34?@4A8
3

%4<0AB8:0=

81C <4=GCAC8 34=60= 108: 30= B830:

<4<?4@;870B:0=B0=30B0=30?4=GC;8B
%4=C@CB.C;0=30@830= 0=30G0=8
B0=30B0=30
81C<4=GCAC834=60=108:30=B830:<4<?4@;870B:0=?4=GC;8B
030;07
  *4;C@C7BC1C710G814@34:0B0=30=B4@0@07?03081C
  %C;CB30=306C10G814@34:0B0=34=60=?0GC30@0
  @4>;0B830:0:0=B4@;870B34=60=94;0A
 0G8B4@;870BB4=0=630=A4=0=6
 !1CB830:<4@0A0030=G0=G4@8?030?CBB8=6ACAC
4

%4<14@8:0= :>=A4;8=6 ?030 81C <4=64=08 0AC70= ?030 10G8


B0;8?CA0B<4=906010G8A470@870@8
%4=C@CB (@0E8@>70@39> 

 20@0 <4@0E0B 10G8


A470@870@8<4;8?CB8
  %4<14@8:0=*!A4AC0834=60=:41CBC70=A4B80?  90<
?0;8=6A438:8BA4B80?90<<C;0830@870@8?4@B0<0
  %4<?4@B070=:0=060@10G8A4;0;C34=60=81C

  %4=9060 10G8 060@ B4B0? 14@A87 70=60B 30= :4@8=6


34=60= <4=660=B8 ?>?>: 30= A4;8<CB A4AC08 34=60=
:4?4@;C0= (0AB8:0= 10G8 B830: B4@;0;C ?0=0A 30= B4@;0;C
38=68=30?0B<4=G4101:0=34783@0A8
 %4=9060B0;8?CA0B10G830;0<:40300=14@A8730=:4@8=6
 %4=60E0A8<0A0;0730=:4AC;8B0=?03010G830=<8=B0;07
10=BC0=98:0?4@;C
 "060 :40<0=0= 10G8 B4@7030? B@0C<0 30= ?4=G0:8B
8=54:A8
 %4=6C:C@ AC7C BC1C7 10G8 98:0 B0<?0: A0:8B 0B0C
<4=GCAC:C@0=6108:
 #C=9C=60=:4B860
.0:BC  <8=66C A4B4;07 ?4@A0;8=0= 0;0< :C=9C=60= 8=8
BC9C0==G0A0<034=60=:C=9C=60=70@8:4 
 #C=9C=60=:44<?0B
.0:BC<8=66CA4B4;07?4@A0;8=0= +C9C0=:C=9C=60=8=8030;07
0

%4=0=G0:0= ?030 81C B4=B0=6 :4AC;8B0=:4AC;8B0= G0=6 81C


0B0C10G80;0<8

1

%4<14@8:>=A4;8=6#A420@038=8
!340;=G0 ?0A0=60= 70@CA <4=C=66C A4:C@0=6:C@0=6=G0
B07C= A414;C< 81C 70<8; :4<10;8 (030 30A0@=G0 81C B830:
<4=60;0<8 >DC;0A8 A4;0<0 <4=GCAC8 4:A:;CA85 0B0C ?4=C7 
1C;0= 30= 81C 14;C< <4=30?0B:0= 7083 <4B>34 0<4=>@74
;0:B0A8 %4A:8?C= A4B80? <4B>34 :>=B@0A4?A8 14@4A8:> B4B0?8
<4=66C=0:0=

:>=B@0A4?A8

.C;0=30@830= 0=30G0=8


90C7

;4187

0<0=

   
+8=6:0B ?4=64B07C0= 
B07C <4<070<8 0?;8:0A8
0=0;8A8AA8=B4A8A4D0;C0A8

(4=64B07C0= 81C =850A


B4=B0=6 :C=9C=60= <0A0
=850A

0:B>@  G0=6 <4<?4=60@C78


?4=64B07C0=  ?4=60;0<0=
?4=3838:0=
:4G0:8=0=
50A8;8B0A ?4=670A8;0= A>A80;
1C30G0

 (4=64@B80=
:C=9C=60=<0A0
=850A
 #41890:0=?@>6@0<
=0A8>=0; :C=9C=60=
<0A0=850A
0 #C=9C=60= !
1 #C=9C=60= !!
2 #C=9C=60= !!!
3 #C=9C=60= !-

0<10@  #4@0=6:0+4>@8
*C<14@ %>3858:0A8 &>B>0B<>39>

 @8:C=B>



   !"

08:
+8=6:0B?4=64B07C0=
81C=850AB4=B0=6
:C=9C=60=<0A0=850A

C:C?

#C@0=6

(4=60;0<0=:4G0:8=0=
50A8;8B0A ?4=670A8;0=A>A80;
1C30G0?4=3838:0=

#4B4@0=60=
-0@8014;G0=638B4;8B8
-0@8014;G0=6B830:38B4;8B8

0<10@  #4@0=6:0#>=A4?
*C<14@&>B>0B<>39>





  

 "&" '"
4>495,? /,<4 >?5?,9 ;09074>4,9 C,92 ,6,9 /4.,;,4 ;09074>4,9 494
80922?9,6,9 ;09074>4,9 $#"% & %%% $#"% ,/,7,3 ;09074>4,9
C,92/4/,7,89C,>4/,6,/,,9,74=4=3?-?92,9,9>,<@,<4,-07>4/,6,/,@,<4,-07
-0-,=/,9>0<46,>-0<=41,>?8?8C,92808-?>?36,95,A,-,9/48,9,6,;,9
-0<,;, -,9C,6 =4,;, /4 8,9, /,9 ,9,74=4= =>,>4=>46 C,92 /42?9,6,9
$09074>4,9 & %%% ,/,7,3;09074>4,9 C,92-0<>?5?,980922,8-,<6,9=?,>?
109:809, /092,9 -0<-09>?6 ,926,,926, 4/,C,>

 $#"%
& %%% ,/,7,3 ;09074>4,9 C,92 /47,6?6,9 /092,9 >?5?,9 ?9>?6 808-?,>
2,8-,<,9,>,?/4=6<4;=4=?,>?60,/,,9=0.,<,:-506>41!0>:/0494/42?9,6,9
?9>?68080.,36,9,>,?8095,A,-;0<8,=,7,3,9C,92=0/,92/43,/,;4;,/,
=4>?,=4=06,<,92,>,?C,92=0/,92>0<5,/4":>:,>8:/5:

 $09074>4,9494
80922,8-,<6,9>4926,>;0920>,3?,94-?941,=>09>,926?95?92,98,=,941,=
/4%&($,9/,9 <,92:C:7,74',3?9


 #&"'(" '"


:6,=4
:6,=4 ;09074>4,9 80<?;,6,9
807,6=,9,6,9 6024,>,9 ;09074>4,9

>08;,> ,>,? 7:6,=4 ?9>?6


:6,=4 ;09074>4,9 494 =06,742?=

808-,>,=4 <?,92 74926?; ;09074>4,9 ":>:,>8:/5:



 $09074>4,9 494
/47,6=,9,6,9/4%?8,3&,64>(8?8,0<,3$,9/,9<,92:C:7,74

 *,6>?$09074>4,9
*,6>? ;09074>4,9 80<?;,6,9 <09.,9, >09>,92 A,6>? C,92 ,6,9
/47,6?6,9 :703 ;09074>4 /,7,8 807,6=,9,6,9 6024,>,9 ;09074>4,9
4/,C,>

 *,6>? ;09074>4,9 494 >0<-,24 8095,/4 -0-0<,;, >,3,;


C,4>?
, ',3,;$0<=4,;,9
',3,; ;0<=4,;,9 /47,6=,9,6,9 8?7,4 -?7,9 #6>:-0<
 ',3,; 494
8074;?>4 ;08-?,>,9 ;<:;:=,7 =>?/4 ;09/,3?7?,9 /4 <?8,3 =,64>
;0<8:3:9,94549=0<>,;09C?=?9,96?0=4:90<
- ',3,;;07,6=,9,,9
$09074>4,9494 /47,6=,9,6,9;,/, >,922,7 !,<0> G ;<47


 #$( &!$ "" "! "!$


 $:;?7,=4
$:;?7,=4 ,/,7,3 =06?8;?7,9 :<,92 ,>,? =?-C06 /,9 :-C06 C,92
/4,8,>4/,9808474646?,74>,=/,96,<,6>0<4=>46>0<>09>? &?24C:9:


!09?<?> "?<=,7,8 

 ;:;?7,=4 ,/,7,3 =?-C06 C,92 80809?34


6<4>0<4, C,92 >07,3 /4>0>,;6,9 $:;?7,=4 /,7,8 ;09074>4,9 494 ,/,7,3 4-?
941,= 9:<8,7
 3,<4;:=>;,<>?8 /4%&($,9/,9<,92:C:7,74 C,92
/4;0<:703;,/,>,922,7 !,<0>   ;<47
-0<5?87,3
<0=;:9/09
 &,8;07
&,8;07 ,/,7,3 -,24,9 /,<4 5?87,3 /,9 6,<,6>0<4=>46 C,92 /4847464
:703;:;?7,=4&?24C:9:

!09?<?>"?<=,7,8

 =,8;07>0</4<4
/,<4 -,24,9 ;:;?7,=4 >0<5,926,? C,92 /,;,> /4;0<2?9,6,9 =0-,2,4 =?-C06
;09074>4,9807,7?4=,8;7492

!09?<?> <46?9>: 

 ?9>?6 80909>?6,9 =,8;07 ,;,-47,


=?-C069C, 6?<,92 /,<4

 70-43 -,46 /4,8-47 =08?, =034922,


;09074>4,99C,80<?;,6,9;09074>4,9;:;?7,=4>0>,;4546,;:;?7,=470-43
/,<4

/,;,>/4,8-47
  ,>,?
  ,>,?70-43&,8;07
C,92 /42?9,6,9 /,7,8;09074>4,9494 ,/,7,34-?941,= 9:<8,7
 3,<4
/4%&($,9/,9<,92 :C:7,74 =05?87,3
<0=;:9/09
 '03946&,8;7492
'06946 ;092,8-47,9 =,8;07 ,/,7,3 =?,>? ;<:=0= =0706=4 =,8;07
C,92/42?9,6,9/,7,8;09074>4,9/,<4;:;?7,=4C,92,/,=034922,5?87,3
=,8;07

,6,9

80A,6474

60=07?<?3,9

;:;?7,=4

C,92

,/,

4/,C,>

 ,7,8 ;09074>4,9 494 80922?9,6,9 >06946 ;092,8-47,9


=,8;07/092,980>:/0 !% "  C,4>? >06946;0909>?,9=,8;07-47,
=08?,,922:>,;:;?7,=4/45,/46,9=0-,2,4=,8;07 &?24C:9:



 "&'%(!"" '"
9=><?809> ;09074>4,9 ,/,7,3 ,7,>,7,> C,92 /42?9,6,9 ?9>?6
8092?8;?76,9 /,>, ":>:,>8:/5:

 $09074>4,9 494 80922?9,6,9 ,7,>
?6?< C,92-0<?;,6?0=4:90<C,4>?=05?87,3;0<>,9C,,9>0<>?74=C,92/42?9,6,9
?9>?6 808;0<:703 491:<8,=4 /,<4 <0=;:9/09 /,7,8 ,<>4 7,;:<,9 >09>,92
;<4-,/49C, ,>,? 3,73,7 C,92 4, 60>,3?4 $09074>4,9 494 80922?9,6,9 -09>?6
6?0=4:90<>0<>?>?;C,92=?/,3/4=0/4,6,95,A,-,9C, -09,<,>,?=,7,3 =034922,
<0=;:9/09>4922,78084743<46?9>:



$09074>4,9 494 80922?9,6,9 6?0=4:90< ?9>?6 6?0=4:90< ;092?6?<,9


;0920>,3?,96?95?92,98,=,941,=80922?9,6,9 $ &%% C,92>0</4<4
/,<4  ;4743,9 5,A,-,9 C,4>? -09,< /,9 =,7,3 08?/4,9 ;0947,4,9 C,92
/4-0<46,9 ?9>?6 ;0<9C,>,,9 ;:=4>41 '!# ,/,7,3 ;0<9C,>,,9 C,92
5,A,-,9C, -09,< 546, /45,A,- -09,< 809/,;,> =6:<  546, /45,A,- =,7,3
809/,;,>=6:<
(9>?6;0<9C,>,,9 902,>4@0& '!#,/,7,3;0<9C,>,,9
C,92  5,A,-,99C, =,7,3 546, -09,< 809/,;,>6,9 =6:<
 546, /45,A,- =,7,3
809/,;,>6,9=6:< 
',-07 
4=464=4?0=4:90<
),<4,-07

9/46,>:<

$0920>,3?,9  $0920<>4,9 941,=


4-?
941,=  $0920<>4,9
>09>,92
6?95?92,9 8,=,
941,=
6?95?92,9
8,=,941,=  0-45,6,9
;<:2<,8 9,=4:9,7
6?95?92,9 8,=,
941,=
, ?95?92,9
- ?95?92,9
. ?95?92,9
/ ?95?92,9)
':>,7

":&:,7

'!&#

?87,3
 '!&#


    

   
   

   





(9>?6 80920>,3?4 ,;,6,3 6?0=4:90< C,92 64>, 2?9,6,9 =0-,2,4


49=><?809>;09074>4,9?9>?68092?8;?76,9/,>,=,343,>,?>4/,68,6,;0<7?
/47,6?6,9?54@,74/4>,=/,9<074,-474>,=<46?9>:



 (54),74/4>,=
&0-07?849=><?809 ,7,>?6?</42?9,6,9?9>?68092?8;?76,9/,>,
;09074>4,9 8,6, ;0<7? /47,6?6,9 ?54 .:-, 6?0=4:90< ?9>?6 809.,<4
60@,74/,9,7,>?6?<>0<=0-?>%4A4/46/:

 (54@,74/4>,=,/,7,3=?,>?
?6?<,9C,92/,;,>809?95?66,9>4926,>60@,74/,9,>,?60=,343,9=0=?,>?
49=><?809> <46?9>:

 (54 @,74/4>,= /47,6=,9,6,9 /4 %?8,3 &,64>


(8?8 ,0<,3 &?6:3,<5:
9=><?809 C,92 @,74/ 808;?9C,4 @,74/4>,= C,92 >49224 /,9
49=><?809C,926?<,92@,74/ 8,6,/47,6?6,9/092,9809234>?926:<07,=4
,9>,<, 8,=4928,=492 ;0<>,9C,,9 /092,9 =.:<0 >:>,7 /092,9 <?8?=
"#!&%! % <46?9>:

 

.
( )*}{

( )*}

0>0<,92,9
" ?87,3<0=;:9/09
<BC :014=4096:<07,=4 "#!&%! %
B &6:<;0<>,9C,,9
C &6:<>:>,7
BC

&6:<;0<>,9C,,9/46,746,9=6:<>:>,7
?9>?680920>,3?4 ,;,6,33,<2,6:<07,=4@,74/8,6,,926,6:<07,=4

3,<?= /4-,9/4926,9 /092,9 ,926, 6<4>46 >,-70 <46?9>:


49C,>,6,9 @,74/ ,;,-47, ,926, 34>?92  ,926, 6<4>46 >,-70 8,6,
/46,>,6,9-?>4<=:,74>?@,74//092,9E

0</,=,<6,93,=47@,74/4>,=6?0=4:90<>0<3,/,;
4-?941,=
 3,<4
;:=> ;,<>?8 /4 %&( &?6:3,<5: /092,9 >4926,> ;0920>,3?,9 4-? 941,=
9:<8,7
  3,<4 >09>,92 6?95?92,9 8,=, 941,= /,<4  4>08 ;0<9C,>,,9
/4;0<:703
;0<9C,>,,9/49C,>,6,9@,74/<34>?92 <>,-070</,=,<6,93,=47
;092:7,3,9/,>,/092,9-,9>?,9 6:8;?>0<$<:2<,8  #$!#
 !($  /4;0<:703 6:014=4,9 4>08 ;0<9C,>,,9 9:8:<     
6?<,92 /,<4
   =034922, 60748, 4>08 ;0<9C,>,,9 >0<=0-?> /49C,>,6,9
>4/,6 @,74/ /,9 >4/,6 /42?9,6,9 ?9>?6 ;09074>4,9 =07,95?>9C, ,/4
6?0=4:90< ?9>?6 ;09074>4,9 =07,95?>9C, 3,9C, >0</4<4 /,<4
 4>08
;0<9C,>,,9
 (54%074,-474>,=
%074,-474>,= 809?95?6,9 ;,/, =?,>? ;0920<>4,9 -,3A, 49=><?809
.?6?; /,;,> /4;0<.,C,4 ?9>?6 /42?9,6,9 =0-,2,4 ,7,> ;092?8;?7 /,>,
6,<09, 49=><?809 >0<=0-?> =?/,3 -,46 ;,-47, /,>,9C, 808,92 -09,<
=0=?,4 /092,9 609C,>,,9 8,6, -0<,;, 6,74;?9 /4,8-47 >0>,; ,6,9 =,8,
3,=479C,<46?9>:

 (9>?68092?54<074,-474>,= 49=><?809>;09074>4,9


80922?9,6,9 "#!  /092,9-,9>?,9;<:2<,8.:8;?>0<  
!# !($%?8?= "#!  ,/,7,3=0-,2,4-0<46?>
=

0>0<,92,9
<

%074,-474>,=9=><?809

,9C,69C,-?>4<;0<>,9C,,9,>,?-,9C,69C,=:,7

HF-D

?87,3@,<4,9=-?>4<

F >

),<4,9=>:>,7

49=><?809 /46,>,6,9 <074,-07 546, 947,4 " #!  84948,7



%4A4/46/:


(54 <074,-474>,= /47,6=,9,6,9 /4 %&( &?6:3,<5: C,92 /47,6?6,9
;,/, -?7,9 0=08-0<
 =0-,9C,6
4-? 941,= 9:<8,7
  3,<4
!09?<?> !,31:0/ 

 ,7,=,9 5?87,3 <0=;:9/09


 ,/,7,3 6,<09,
6,4/,3 ?8?8 ;09074>4,9 ,2,< /4;0<:703 /4=><4-?=4 947,4 3,=47 ;09074>4,9
809/06,>49:<8,7
0</,=,<6,9 3,=47 ;092:7,3,9 /,>, /092,9 80>:/0 "
#!  /4;0<:703 947,4 6:014=409 ,7;3, =0-0=,<
  3,=47 494 70-43
-0=,< /,<4
  &034922, 6?0=4:90< ;09074>4,9 /49C,>,6,9 <074,-07 /,9
=07,95?>9C,/,;,>/4;0<2?9,6,9=0-,2,4;09074>4,9

 ""(!$( "'
,>,C,92/42?9,6,9/,7,8;09074>4,9C,4>?/,>,;<480</,9/,>,=06?9/0<
 ,>,$<480<
,>, ;<480< /4;0<:703 =0.,<, 7,92=?92 /,<4 =?8-0<9C, ,>,? :-506
;09074>4,9 :703 ;09074>4 ;0<:<,92,9 ,>,? :<2,94=,=4 %4A4/46/:


,7,8;09074>4,9 494/,>, ;<480</4/,;,>6,9/,<4 3,=475,A,-,9 6?0=4:90<
;0920>,3?,9>09>,926?95?92,98,=,941,= :7034-?941,=
 ,>,&06?9/0<
,>,=06?9/0< ,/,7,3/,>, C,92/4/,;,>>4/,6=0.,<,7,92=?92/,<4:-506
;09074>4,9 %4A4/46/:

 ,>, =06?9/0< ;,/, ;09074>4,9 494


/4/,;,>6,9/,<4<06,880/4=4-?941,= /4 %&($,9/,9<,92:C:7,74

 % " '"


),<4,-07 ,/,7,3 =?,>?,><4-?>,>,?=41,>,>,?947,4/,<4:<,92:-506,>,?
6024,>,9C,92808;?9C,4@,<4,=4>0<>09>? C,92/4>0>,;6,9:703;09074>4?9>?6
/4;07,5,<4=034922,/4;0<:703491:<8,=4>09>,923,7>0<=0-?>608?/4,9/4>,<46
60=48;?7,99C,&?24C:9:

 ),<4,-07/,7,8;09074>4,9494 80922?9,6,9


@,<4,-07>?922,7C,4>? ;0920>,3?,94-?941,=>09>,926?95?92,98,=,941,=

 "&$%&#"
01494=4 #;0<,=4:9,7

,/,7,3 809/01494=46,9 @,<4,-07 =0.,<,

:;0<,=4:9,7 -0</,=,<6,9 6,<,6>0<4=>46 C,92 /4,8,>4 808?926496,9 ;09074>4


?9>?6 807,6?6,9 :-=0<@,=4 ,>,? ;092?6?<,9 =0.,<, .0<8,> >0<3,/,; =?,>?
:-506,>,?109:809,4/,C,>


',-07 
01494=4#;0<,=4:9,7
),<4,-07
$0920>,3?,9
-?
941,=
>09>,92
6?95?92,9
8,=,941,=

$0920<>4,9
7,>(6?< &6,7,
?0=4:90< #</49,7
&02,7,
=0=?,>? C,92
/460>,3?4 4-?
941,= /,7,8
;0<4:/08,=,
941,= >09>,92
6?95?92,9
8,=,941,=

9/46,>:<
,46
B 80,9 &
?6?;
!0,9  & IB
I 80,9  &
?<,92
B 80,9 G &

&?8-0<%4A4/46/:


 '#"# """ &&'
 $092:7,3,9,>,
!09?<?> ":>:,/8:/5: 

 ;<:=0= ;092:7,3,9 /,>, 807,7?4
>,3,;>,3,;,9>,<,7,49

, $09C?9>492,9% 
024,>,9 494 /47,6?6,9 /,7,8 ;09C?9>492,9 494 ,/,7,3 8080<46=,
=07?<?3 /,1>,< ;0<>,9C,,9 C,92 /4608-,746,9 <0=;:9/09 /092,9
808;0<3,>46,9-0-0<,;,3,7/,7,8;080<46=,,9C,4>?
 0=0=?,4,95,A,-,9<0=;:9/09/092,9;0<>,9C,,9C,92/4,5?6,9
 070926,;,9;0924=4,9/,1>,<;0<>,9C,,9
 !0920.068,.,84=4,9/,>,
- $0926:/0,9! 
&0>07,3;09C?9>492,9/4=070=,46,96024,>,9 =07,95?>9C,C,92/47,6?6,9
,/,7,3 808-0<4 6:/0 /,7,8 3?-?92,9 /092,9 ;092:7,3,9 /,>, 546,
,6,9 80922?9,6,9 6:8;?>0< C,694 8092?-,3 /,>, -0<-09>?6 6,748,>
,>,?3?<?18095,/4/,>,,926,,>,?-47,92,9
. !08,=?6,9/,>, % %#)
!0924=4 6:7:86:7:8 ,>,? 6:>,66:>,6 708-,< 6:/0 ,>,? 6,<>? 6:/0
=0=?,4/092,95,A,-,98,=4928,=492;0<>,9C,,9
/ &% 
!08-?,> >,-70>,-07 /,>, =0=?,4 /092,9 >?5?,9 ;09074>4,9 ,>,? C,92
/4492496,9:703;09074>4
 9,74=4=,>,
9,74=4= & '#% C,4>? 8092,9,74=, >0<3,/,; >4,; @,<4,-70 /,<4
3,=47 >4,;;09074>4,9?9>?680923,=476,9/4=><4-?=41<06?09=4/,9;<0=09>,=0
/,<4>4,;@,<4,-70":>:,>8:/5:



!09?<?>%4A4/46/:

?9>?680920>,3?4>4926,>;0920>,3?,9
4-? 941,= >09>,92 6?95?92,9 8,=, 941,= 8,6, /42?9,6,9 ;0<34>?92,9
=0-,2,4-0<46?>
, ,46

 47,947,4<0=;:9/09C,92/4;0<:703B80,9 &

- ?6?;

47,947,4<0=;:9/0980,9 G & IBI 80,9  &

. ?<,92

47,947,4 <0=;:9/09C,92/4;0<:703B80,9 G &

0>0<,92,9
B

"47,4<0=;:9/09

!0,9

"47,4<,>,<,>,

&

&48;,92,9-,6?

!09?<?>%4A4/46:

<?8?=80,9C,4>?
=

0>0<,92,9
+

%,>,<,>,80,9

HB

 ?87,3=07?<?3947,4/,<4/,>,

?87,3 /,>,
!09?<?> %4A4/46/: 

 &48;,92,9 -,6? $% # '%! 

,/,7,3 ?6?<,9 C,92 /,;,> /4;,6,4 ?9>?6 80920>,3?4 >4926,> ;09C0-,<,9


947,4947,4/,>,>0<3,/,;<,>,<,>,9C, %?8?=

)*
1

0>0<,92,9
&

=>,9/,<>/0@4,=4

 947,4/,<4/,>,

 ?87,3/,>,
(9>?6 808;0<:703 =6:< ;<:=09>,=0 809?<?> %4A4/46/: 



C,4>?=0-,2,4-0<46?>
=6:<;<:=09>,=0

B

 ' " '"


!09?<?> 4/,C,> 

 8,=,7,3 0>46, ;09074>4,9 C,92 3,<?=


/4;0<3,>46,9,9>,<,7,49=0-,2,4-0<46?>
 !#! $ % 708-,<;0<=0>?5?,98095,/4<0=;:9/09
!# ! $ % 80<?;,6,9 -09>?6 ;0<=0>?5?,9 ,9>,<, ;09074>4 /092,9
<0=;:9/09 ;09074>4,9 /092,9 808-0<46,9 708-,< ;0<=0>?5?,9 !#
! $ % /4-0<46,9 =0-07?8 ;09074>4,9 /47,6?6,9 /092,9 808-0<4 708-,<
;0<=0>?5?,9 ?9>?6 8095,/4 <0=;:9/09 '?5?,9 !# ! $ % ,/,7,3
,2,< =?-506 80920<>4 8,6=?/ /,9 >?5?,9 ;09074>4,9 80920>,3?4
/,8;,69C, ;,-47, <0=;:9/09 -0<=0/4, 8,6, 80<06, 3,<?=
809,9/,>,92,94708-,<;0<=0>?5?,9>0<=0-?>
  ! %) >,9;,9,8,
!,=,7,3 0>46, 80<?;,6,9 8,=,7,3 C,92 808-0<46,9 5,849,9 /,7,8
;0922?9,,,9 =?-506 ;09074>4,9 /092,9 .,<, >4/,6 808-0<46,9 ,>,?
809.,9>?86,9 9,8, <0=;:9/09 ;,/, 708-,< ,7,> ?6?< /,9 3,9C,
809?74=6,96:/0;,/,708-,<;092?8;?7,9/,>,,>,?3,=47;09074>4,9C,92
,6,9/4=,546,9

 !  %%) 60<,3,=4,,9


!,=,7,3 494 80<?;,6,9 8,=,7,3 0>46, /092,9 808-0<46,9 5,849,9
60<,3,=4,,9 3,=47 ;09074>4,9 -,46 491:<8,=4 8,?;?9 8,=,7,38,=,7,3
7,499C,&08?,491:<8,=4C,92>07,3/46?8;?76,9/45,84960<,3,=4,,99C,
:703 ;09074>4 3,9C, 607:8;:6 /,>, >0<>09>? C,92 ,6,9 /47,;:<6,9 ;,/,
3,=47 <4=0>

 ) " '"


'0<7,8;4<






   

 !  


",5,30:0(5 050 +03(29(5(2(5 +0 #$& "(5+(5 8(5. 6?63(30 ?(5.
),8(3(4(: +0 1(3(5 (5:03 !6  %37 

 $,*(8( ;4;4 1,509
7,3(?(5(5 2,9,/(:(5 ?(5. ),8/;);5.(5 +,5.(5 4(9(3(/ 2,9,/(:(5 4,307;:0
8;(5. 7630 2(5+;5.(5 7,5?(20: ;4;4 .0.0 4(:( 7,5?(20: +(3(4 8;(5.
),89(3058;(5.50-(9+(58(=(:05(77,5?(20:;4;4
(9030:(9 ;5:;2 4,5+;2;5. 7,3(?(5(5 8(=(: 05(7 2/;9;95?(
7,89(305(59;+(/*;2;74,4(+(0?(0:; 8;(5.),89(305+,5.(5:,47(::0+;8
8;(5.7,8029( 8;(5.50-(9+,5.(52,3(9 :,8+080+(802(4(8:,47(:
:0+;82,3(9 :,8+080+(80 2(4(8:,47(::0+;8+(52,3(9 :,8+080+(80
2(4(84(905.4(905.:,47(::0+;8

  
 (8(2:,809:02 #,9765+,5
"(+(7,5,30:0(50502(8(2:,809:028,9765+,5+0)(.04,51(+0 ?(0:;
( 09:80);90 8,2;,590 ,8+(9(82(5&4;8#,9765+,5
&4;8 8,9765+,5 4,5;51;22(5 ;4;8 8,9765+,5 7(+( 9((:
4,51(+0 8,9765+,5 7,5,30:0(5 09:80);90 -8,2;,590 ,8+(9(82(5 ;4;8
8,9765+,5+09(102(5+(3(4:(),3),802;:050





%(),3 09:80);90 8,2;,590 ,8+(9(82(5&4;8#,9765+,5


!6

&4;8

;43(/ #,9765+,5


:(/;5



:(/;5


:(/;5

%6:(3

$;4),8(:(7804,87803

"869,5:(9, 




,8+(9(82(5 :(),3   +(80


 8,9765+,5 +(7(: +02,:(/;0
8,9765+,5 +,5.(5 ;4;8 
 :(/;5 9,)(5?(2  8,9765+,5 

8,9765+,5 +,5.(5 ;4;8

 :(/;5 9,)(5?(2  8,9765+,5 
+(58,9765+,5+,5.(5;4;8
:(/;59,)(5?(2 8,9765+,5  
) 09:80);90 8,2;,590 ,8+(9(82(5 ",5+0+02(5 #,9765+,5
",5+0+02(5 8,9765+,5 4,5;51;22(5 7,5+0+02(5 :,8(2/08
8,9765+,57(+(9((: 4,51(+0 8,9765+,57,5,30:0(509:80);90-8,2;,590
),8+(9(82(57,5+0+02(58,9765+,5+09(102(5+(3(4:(),3),802;:050
%(),3 09:80);90 8,2;,590 ,8+(9(82(5",5+0+02(5#,9765+,5
!6


",5+0+02(5
;43(/#,9765+,5
$

$ "

$ 

%6:(3

$;4),8(:( 7804,87803

"869,5:(9,

 


,8+(9(82(5 :(),3   +(80


 8,9765+,5 +(7(: +02,:(/;0
8,9765+,5 +,5.(5 7,5+0+02(5 $ 9,)(5?(2  8,9765+,5   
8,9765+,5 +,5.(5 7,5+0+02(5 $ " 9,)(5?(2  8,9765+,5  
+(5 8,9765+,5 +,5.(5 7,5+0+02(5 $  9,)(5?(2
 8,9765+,5
  



 5(30909(:(
#,9765+,5 +(3(4 7,5,30:0(5 050 (+(3(/ 0); 50-(9 5684(3
  /(80
769:7(8:;4(9037,5.63(/(5+(:(+09(102(5+(3(4:(),3),802;:050
%(),3 (903",5.63(/(5(:(
'(80(),3

",5.,:(/;(5 0); 50-(9


:,5:(5. 2;51;5.(5 4(9(
50-(9 +0 #$& "(5+(5
8(5.6?63(30

05


(>


,(5



$:(5+(8
,<0(90


,8+(9(82(5:(),3 +0(:(97,5.,:(/;(50);50-(9:,5:(5.2;51;5.(5
4(9( 50-(9 +0 #$& "(5+(5 8(5. 6?63(30 :(/;5
 +02(:,.6802(5
4,51(+0 ?(0:;
( (02

)03( 503(08,9765+,5>4,(5 $


>

>  

) ;2;7

)03(503(08,9765+,5 4,(5 @ $ A>A4,(5 $



 @  A>A

 A>A 

* ;8(5.

)03(503(08,9765+,5>4,(5 @ $
>
 @ 
>   

(80 +(:( ?(5. +07,863,/ +(7(: +02,:(/;0 2;(30:(9 8,9765+,5


),8+(9(82(5  2(:,.680 ?(0:; )(02 *;2;7 +(5 9,+(5. (903 7,5,30:0(5
:05.2(: 7,5.,:(/;(5 0); 50-(9 :,5:(5. 2;51;5.(5 4(9( 50-(9 +0 #$&
"(5+(58(5.6?63(30+(7(:+030/(:7(+(:(),3+0)(=(/050



%(),3  09:80);90 8,2;,590 #,9765+,5 ,8+(9(82(5 %05.2(:


",5.,:(/;(5);!0-(9%,5:(5.;51;5.(5 (9(!0-(9+0#$&"(5+(5
8(5.6?63(30
!6


%05.2(:",5.,:(/;(5
8,2;,590
(02

;2;7

;8(5.

%6:(3

$;4),8 (:(7804,87803

"869,5:(9,

 


,8+(9(82(5:(),3 +(80
8,9765+,5+(7(:+02,:(/;08,9765+,5
+,5.(5:05.2(:7,5.,:(/;(5)(029,)(5?(2 8,9765+,5
8,9765+,5
+,5.(5 :05.2(: 7,5.,:(/;(5 *;2;7 9,)(5?(2  8,9765+,5    +(5
8,9765+,5+,5.(5:05.2(:7,5.,:(/;(52;8(5.9,)(5?(268(5. 

 
,8+(9(82(5 /(903 7,5,30:0(5 ?(5. :,3(/ +03(2;2(5 7(+(
 8,9765+,5
4,5;51;22(5 /(903 %05.2(: 7,5.,:(/;(5 0); 50-(9 :,5:(5. 2;51;5.(5 4(9(
50-(9+0#$&"(5+(58(5. 6?63(30:(/;5
:,8+(7(: 8,9765+,5

?(5.),87,5.,:(/;(5)(02 8,9765+,5   ?(5.),87,5.,:(/;(5*;2;7
+(568(5. ?(5.),87,5.,:(/;(52;8(5.
,5;8;: !6:6(+46+16 

 7,5.,:(/;(5 (+(3(/ /(903 7,5.05+8((5
4(5;90((:(;/(903:(/;9,9,68(5.:,8/(+(76)?,24,3(3;005+8(?(5.+0403020
4(:(/0+;5.:,305.(+(59,)(.(05?("(+(=(2:;7,5.05+8((59(47(0/(903
7,5.,:(/;(5:,89,);:9(5.(:+07,5.(8;/063,/05:,590:(97,8/(:0(5+(57,89,790
:,8/(+(76)?,2



,5;8;: $6,2(5:6 

 (7()03( 9:(:;9 ,265640 )(02 :05.2(:


7,5+0+02(5 (2(5 :05..0 +00805.0 63,/ 7,505.2(:(5 7,5.,:(/;(5 ;+(?(
),87,5.(8;/ :,8/(+(7 :05.2(: 7,5.,:(/;(5 2(8,5( 05-684(90 ?(5. )(8; (2(5
+09(805. +(5 +09,9;(02(5 +,5.(5 );+(?( ?(5. (+( 9,8:( (.(4( ?(5. +0(5;:
7,5+0+02(5 ?(5. :05..0 (2(5 ),87,5.(8;/ 7(+(7,5,804((5 /(3/(3 )(8; +(5
+(7(: 4,5?,9;(02(5 +080 +,5.(5 /(3 )(8; :,89,);: ",5.(3(4(5 ),82(0:(5
+,5.(5 ;4;8 +(5 7,5+0+02(5 05+0<0+; ",5+0+02(5 ?(5. :05..0 4(2(
7,5.(3(4(5 (2(5 3;(9 +(5 9,4(205 :;( ;4;8 9,9,68(5. 4(2( 7,5.(3(4(5
(2(5),8;)(/
,8+(9(82(5 :(),3   +(80
 8,9765+,5 +(7(: +02,:(/;0 9,)(.0(5
),9(8 8,9765+,5 +,5.(5 ;4;8

 :(/;5 9,)(5?(2  8,9765+,5 
,5;8;: !;89(3(4 

 9,4(205 *;2;7 ;4;8 :05.2(: 2,4(:(5.(5 +(5


2,2;(:(59,9,68(5.(2(53,)0/4(:(5.+(3(4),8-0208+(5),2,81(
,8+(9(82(5 :(),3   +(80
 8,9765+,5 +(7(: +02,:(/;0 9,)(.0(5
),9(8 8,9765+,5 +,5.(5 7,5+0+02(5 $ " 9,)(5?(2  8,9765+,5  
,5;8;: !;89(3(4 

 9,4(205 :05..0 :05.2(: 7,5+0+02(5 9,4(205


)(5?(27,5.,:(/;(5?(5.+0403020
,8+(9(82(5 2;,9065,8 :05.2(: 7,5.,:(/;(5 0); 50-(9 :,5:(5.
2;51;5.(5 4(9( 50-(9 +0 #$& "(5+(5 8(5. 6?63(30 +(7(: +02,:(/;0
9,)(.0(5 8,9765+,5 :0+(2 7(/(4 :,5:(5. =(2:; 2;51;5.(5 4(9( 50-(9
,5;8;: $(3,/( 

 ;51;5.(5 4(9( 50-(9 (+(3(/ 2;51;5.(5 ?(5.


+03(2;2(5 63,/ 0); 50-(9 ?(5. +03(2;2(5 7(305. 9,+020: ,47(: 2(30 ?(0:;
;51;5.(5 7,8:(4(  1(4 9,:,3(/ 7,89(305(5 2;51;5.(5 2,+;(  /(80
9,:,3(/ 7,89(305(5 2;51;5.(5 2,:0.(   405..; 9,:,3(/ 7,89(305(5 +(5
2;51;5.(52,,47(:405..;9,:,3(/7,89(305(5



(80 7,4)(/(9(5 +0(:(9 +(7(: +02,:(/;0 )(/=( :05.2(: 7,5.,:(/;(5


0); 50-(9 :,5:(5. 2;51;5.(5 4(9( 50-(9 +0 #$& "(5+(5 8(5. 6?63(30
:(/;5
 (+(3(/ *;2;7 (3 050 2,4;5.205(5 +09,)()2(5 63,/ ),),8(7(
-(2:68 +0(5:(8(5?( ?(0:; :05.2(: 7,5+0+02(5 05-684(90 7,5.(3(4(5 );+(?(
9690(3,265640!6:6(:46+16

 $,/05..(9(5.(:+07,83;2(57,8(59,8:(
:,5(.(2,9,/(:(5+(3(44,4),802(505-684(90:,5:(5.2;51;5.(54(9(50-(9

   
",5,30:0 4,5?(+(80 )(/=( 7,5,30:0(5 050 4,47;5?(0 )(5?(2 2,2;8(5.(5
(5:(8(3(05
 ,5+(3(
(3(4 7869,9 7,5,30:0(5 050 7,5,30:0 :0+(2 )09( 4,5?,)(82(5 2;,9065,8
/(5?(+(3(4=(2:;9,/(809,/05..(7,5,30:0/(8;94,5?,)(82(52;,9065,8
),8/(80/(80;5:;24,5+(7(:2(59,1;43(/8,9765+,5?(5.+0);:;/2(5
 ,3,4(/(5
( '(80(),3",5,30:0(5
'(80(),3 7,5,30:0(5 050 4,8;7(2(5 <(80(),3 :;5..(3 9,/05..( /(903
7,5,30:0(5:,8)(:(97(+(:05.2(:7,5.,:(/;(59(1(
) ;,9065,8
;,9065,8 ?(5. +0.;5(2(5 +(3(4 7,5,30:0(5 050 (+(3(/ 2;,9065,8
:,8:;:;7 9,/05..( 8,9765+,5 /(5?( )09( 4,51(=() ),5(8  9(3(/ +(5
1(=()(58,9765+,5),3;4)09(4,5.;2;89,*(8(4,5+(3(4





  
)*)#& (&$!+!& /& +$  !$#,#& (+ !*!%(,$#&
*!)!#,+
 !&#+ (&+ ,& !, &!* !  && )& '/'$$! $%
#+')!!#/!+,
)*('&&
 !&#+ (&+ ,& !, &!* !  && )& '/'$$! $%
#+')!,#,(/!+, )*('&&



 !&#+ (&+ ,& !, &!* !  && )& '/'$$! $%
#+')!#,)&/!+, )*('&&  

  
)*)#& #*!%(,$& !+* %# *)& /& (+ !)!#&
*!)!#,+
 !&*+!+,*!
 !&*+!+,*!$/&&* +& ,% #!+
! )(#& (+ $!  %&!&#+#& (&/,$, & #* +& #(
%*/)#+ +&+& #,&",&& %* &!* ( !, &!* )
#+!#+ ,& %*/)#+ +&+& #,&",&& %* &!* (+
+)".

 !&*+!+,*!&!!#&
! )(#& #& $!  %&%&#& (&$!+!& $!  $&",+
%&&!#,&",&&%*&!** !&(+!"!#&))&*!&
 &&
 ! *('&&
! )(#& !, $!  #+! %&)! !&')%*! %&&! #,&",&& %*
&!* !# )! %! +# %! $#+)'&!# %,(,& (&/,$, & /&
!#&'$ (+,*#* +&

 !&$!+!$&",+&/
! (&$!+! *$&",+&/ /& %,&#!& ", %&,&#& +'(!# /&
*% && /& !%!$ '$  (&,$!* (&,$!* ) )( (+
%&%&#& (&$!+!& && ) %&%&#& -)!$
(&$!+!& *%($ (&$!+!& & %&,&#& #,*!'&) +),#
* !& (+ %&,#,) (&+ ,& )*('&& $!  %&$% &
#&%&(+#& *!$(&$!+!&/&!#

 
 

.#"27"4*   *")    !# 


!  "  *42"
&/%*,*"
2*,5/40  
 !#  " #"# " " ","24" 
*/&,"*14"
!!!!!!!!!!   !#  " #"# " " ","24" 
*/&,"*14"
&1,&3  !#  ! ! #!" 
  # !" ## %" " 

  #" 6"*-"#-& '20.  )441   777(00(-&$0*% *",3&3


4"/(("-3&14&.#&2
*%"8"49*9-*.5-  " "!
"","24""-&.#"&%*,"
!!!!!!!!!!!!!!!!!!!!  !" $" #!
","24""-&.#".&%*,"
")'0&%    &40%0-0(* &/&-*4*"/ *%"/( &3&)"4"/ &1&2"7"4"/ %"/
&#*%"/"/ 0(+","24"*42"."8"
040"%.0%+0    ! !"  #  # ","24"  */&,"
*14"
!!!!!!!!!!!!!! " "!"","24"*/&,"*14"
523"-".   !    " " #
 $" ","24""-&.#"&%*,"
2"7*20)"2%+0    #  ","24"  */" 534"," "270/0
2"7*20)"2%+0
*7*%*,%0  ""!"!" 0(8","24"*42"&/%*,*"
!!!!!!!!!!! ""!"!" 0(8","24"*42"&/%*,*"
!!!!!!!!!!!  ""!" "# " !"  !
    0(+","24"534","*)"/"
"-&)"  !#  !
!","24""-&.#"&%*,"

5(*80/0  ""!"#"# " "/%5/(-'"#&4"


5)&2/*   $" !! 0(+","24"*42"."8"
5-*348"7"4*  ## !# #
! 0(+","24"
/%*
*,/+03"3420  #","24" "8"3"/*/"534","
5-"/%"2*2* !## !
! 0(+","24"
083&/5#-*3)*/(

Anda mungkin juga menyukai