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8.3-/ 98=3163 / +@@/<>/8D/ .3 =3-?37/< &@C>6 A6C =2 D:4FC6KK2 +4@==682>6?E@ 2FE@>2E:4@ 5: F?2 K@?2 5: 4@EEFC2 2FD6 56: 52??: $2 DF@?6C:2 %?>/6+ ./66 +7,3/8>/ @?D:8=: A6C := C:DA2C>:@ 6?6C86E:4@ 373>/ +?>97+>3-9 .
98=3163 / +@@/<>/8D/ .3 =3-?>/8>+7/8>/ 6/ 3=>6?E6 = 2AA2C6449:@ @?D6CG2C6 =6 :DECFK:@?: 5 FD@ 6 >@?E288:@ !? 42D@ 5: 46DD:@?6 56== 2AA2C6449:@ 2 F?2 E6CK2 A6CD@?2 7@C?:C6 2 BF6DE F=E:>2 =2 5@4F>6?E2K:@?6 4@CC:DA@?56?E6 .
!3+89 .3 -9>>?<+ -+6.9 (6C:4@=@ 5: FDE:@?: &@? E@442C6 =6 K@?6 5: 4@EEFC2 42=56 O 7@?52>6?E2=6 496 : 32>3:?: D: >2?E6?82?@ =@?E2?: 52== 2AA2C6449:@ $2 DA:2 56= 42=@C6 C6D:5F@ :?5:42 D6 =6 K@?6 5: 4@EEFC2 D@?@ 42=56 (6C:4@=@ 5: :?46?5:@ &@? 4@==@42C6 :? 2=4F? 42D@ @886EE: :?7:2>>23:=: DF= A:2?@ 5: 4@EEFC2 (6C:4@=@ 5: :?46?5:@ !? AC6D6?K2 5: F? 42DD6EE@ 2= 5: D@EE@ 56= A:2?@ 5: 4@EEFC2 ?@? 4@==@42C6 2= DF@ :?E6C?@ @886EE: :?7:2>>23:=: @ DAC2J +=3 ./3 3 / D98/ .
%?>/6+ ./66 +7,3/8>/ + 9>>?<+ :/< 38.?D398/ $7+6>37/8>9 ./3 <303?>3 8/6 <3=:/>>9 ./66 +7,3/8>/ :D:>32==2C6 = 2AA2C6449:@ 6 D>2=E:C6 = :>32==@ ?6= C:DA6EE@ 56== 2>3:6?E6 '+8>+113 ./66+ -9>>?<+ :/< 38.
+<+>>/<3=>3-2/ ./66+ ,+=/ ./6 / $6 42C2EE6C:DE:496 56==2 32D6 56= C64:A:6?E6 A@DD@?@ :?7=F:C6 DF== @>@86?6:ET 56= C:DF=E2E@ 5: 4@EEFC2 *64:A:6?E: C62=:KK2E: :? >2E6C:2=: 496 DFAA@CE2?@ =2 5:77FD:@?6 56= 42=@C6 BF2=: C64:A:6?E: D2?5H:49 :? 244:2:@ :?@DD:523:=6 C:A2CE:D4@?@ := 42=@C6 :? >@5@ F?:7@C>6 4@?D6?E6?5@ F? C:DA2C>:@ 5: E6>A@ 65 6?6C8:2 ==/8D+ .3 / 9 .37/8=3983 898 +.
!<379 ?>363DD9 ./66 +::+
!+88/669 13<+3,36/ !+88/669 13>2K:@?6 ?6==2 BF2=6 D: A@DD@?@ D6=6K:@?2C6 4@? =2 >2?@A@=2 =6 K@?6 6 : 8C25: 5: 4@EEFC2 &6==2 K@?2 56= A2??6==@ 8:C6G@=6 =2 >2?@A@=2 G:6?6 46?EC2E2 2FE@>2E:42>6?E6 +89:96+ $2 >2?@A@=2 Y >28?6E:42 6 D: A@D:K:@?2 DF= A2??6==@ 8:C6G@=6 %F@G6?5@ =2 >2?@A@=2 D: 2EE:G2 =2 K@?2 5: 4@EEFC2 4@CC:DA@?56?E6 *F@E2?5@ =2 >2?@A@=2 D: D6=6K:@?2 := 8C25@ 5: 4@EEFC2 =><+D398/ .
!<91<+77+>?<+ #/196+>?<+ != AC6D6?E6 42A:E@=@ :==FDEC2 =2 >@52=:ET 5: C68@=2K:@?6 5: F?2 K@?2 5: 4@EEFC2 $2 E236==2 C:A@CE2 : 8C25: 6 : E6>A: 5: 4@EEFC2 56: 5:G6CD: A:2EE: +6=6K:@?2C6 4@? =2 >2?@A@=2 := 8C25@ 5: 4@EEFC2 56D:56C2E@ C25@ 5: 4@EEFC2 A@E6?K2 >:?:>2 C25@ 5: 4@EEFC2 A@E6?K2 >2DD:>2 '8?: 8C25@ 5: 4@EEFC2 5:DA@?6 5: F? 8C25@ :?E6C>65:@ )F6DE F=E:>@ Y D68?2=2E@ 52 F? AF?E@ 966/1+
$/6/D398+
?8D398/ 0<3>>?<+ )F6DE2 7F?K:@?6 A6C>6EE6 5: 7C:886C6 C68@=2?5@ 2FE@>2E:42>6?E6 =2 E6>A6C2EFC2 56==2 A256==2 $6 K@?6 5: 4@EEFC2 5@E2E6 5: BF6DE2 7F?K:@?6 D@?@ BF6==6 =2E6C2=: 2 56DEC2 @ BF6==6 2?E6C:@C: 2 D64@?52 56= >@56==@ G 7:8FC2 '+8>+113 .?<+8>/ 6+ 0<3>>?<+ $2 K@?2 5: 4@EEFC2 C:D42=52 D@=@ BF2?5@ Y ?646DD2C:@ !? BF6DE@ >@5@ D: C:DA2C>:2 6?6C8:2 $ @=:@ 6 := 8C2DD@ ?@? D: DFCC:D42=52?@ !+./66/ :/< 6+ 0?8D398/ .
63@/663 .3 >/7:/<+>?<+ #0 &&) # *). (4 '* , ./, )( ) * , :.E ≡ .9A. .1 2@ =.@A6006 16 =.A.A2 =.A.A2 @.9A.A2 2 /6@A20052 .9 @.;4B2 :21 =9B@ ≡ :216. .9A. .1 2@ 3?6AAB?2 12960.A2 0<:2 0<;429.A6 6:=.;.A6 @0.9<==6;2 ?.4U C2?1B?2 :21 /.@@. :216. .1 2@ 3?6AAB?2 12960.A2 0<:2 =<9=2AA2 .99. ?B@@. 2 @.9@6002 =2@02 :6; * /.@@. .1 2@ 3?6AA.A2 0<; /B??< <96< 1 <96C. < :.?4.?6;.
%+,/66+ $2 E236==2 :?5:42 := =:G6==@ 5: E6>A6C2EFC2 252EE@ A6C @8?: 2=:>6?E@ != E6>A@ 5: 4@EEFC2 AF` G2C:2C6 :? 32D6 2= E:A@ 2= A6D@ 2==@ DA6DD@C6 6 2==2 BF2=:ET 568=: 2=:>6?E: ! =:G6==: 5: E6>A6C2EFC2 C244@>2?52E: 72??@ C:76C:>6?E@ 2==2 A256==2 56= D:DE6>2 2886?2F @? 2=EC: E:A: 5: A256==6 =2 7F?K:@?6 7C:EEFC2 ?@? 7F?K:@?2 #0 &&) # . '* , ./, '*) .). & # )../, * ,.#, & - !( & /-.# ) (0.9<==. 16 C6A299< .9 ;.AB?.92 < 6:=.;.A. 0: 16 :21 =9B@ @=2@@
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?8D398/ !9A/<,99=> C2K:6 2 BF6DE2 7F?K:@?6 D: AF` C:D42=52C6 := 4@?E6?FE@ 56= C64:A:6?E6 A:c G6=@46>6?E6 496 ?@? FE:=:KK2?5@ := =:G6==@ 5: A@E6?K2 >2DD:>@ )F6DE2 7F?K:@?6 4@?D6?E6 5: 2F>6?E2C6 =2 A@E6?K2 >2DD:>2 56==2 K@?2 4@EEFC2 ?6==2 BF2=6 G:6?6 FE:=:KK2E2 373>3 .3 ?=9 .
?8D398/ >37/< )F6DE2 7F?K:@?6 AF` 6DD6C6 FE:=:KK2E2 :? 5F6 >@5: 5:G6CD: D :D2EE:G2K:@?6 2FE@>2E:42 5: F?2 K@?2 5: 4@EEFC2 D @>6 @C@=@8:@ 52 4F4:?2 $-966/1+7/8>9 +?>97+>3-9 .3 ?8+ D98+ .
+ =?98/<3+ 373>/ +?>97+>3-9 .
7:9=>+D3983 ,+=/ != A:2?@ 5: 4@EEFC2 AC6D6?E2 5:G6CD6 :>A@DE2K:@?: 32D6 O EFEE2G:2 A@DD:3:=6 >@5:7:42C6 2=4F?6 5: E2=: :>A@DE2K:@?: #- ..#0 4#)( & - !( & /-.# ) ?2C2 @24;.92 .0B@A60< 052 0<;32?:. 9. @292G6<;2 16 B; @6:/<9< < @24;.92 .0B@A60< =?<9B;4.A< 052 @24;.9. B; BA696GG< 6:=?<=?6< 1299 .==.?20056< >.446B2@A. 3B;G6<;2 N =<@@6/692 .AA6C.?2 9. @60B?2GG. /.:/6;< .AA6C.G6<;2 @60B?2GG. ;<; 0<;@2;A6A. .AA6C.
--9<137/8>3 / :?63D3+ 9<83-/ ./6 :3+89 .3 -9>>?<+ ! 4@?D:8=: 6 =6 2GG6CE6?K6 >6?K:@?2E: ?6= AC6D6?E6 42A:E@=@ 7@C?:D4@?@ :?7@C>2K:@?: FE:=: DF==2 AF=:K:2 6 >2?FE6?K:@?6 @EE:>2=: 56= A:2?@ 5: 4@EEFC2 (6C 6G:E2C6 52??: 2==2 4@C?:46 56= A:2?@ 5: 4@EEFC2 C:DA6EE2C6 =6 D68F6?E: :?5:42K:@?: !3+89 .
#3:+<+3 : ?@C>2 : 8F2DE: D@?@ 5@GFE: 2 A:44@=: 56EE28=: (C:>2 5: 4@?E2EE2C6 := D6CG:K:@ 5: 2DD:DE6?K2 E64?:42 @44@CC6 AC6?56C6 :? 4@?D:56C2K:@?6 : D68F6?E: 4@?D:8=: 6 2GG6CE6?K6 #(.)') 0 ,# )&/4#)( ;2@@B;< ! .96:2;A.G6<;2 292AA?60. N @A.A. 6;A2??
9<7+6/ 9 ./66 +::+
S / S +11/8+? +?=1// 7, 2C=f/6CJf+EC2S6 f %e?496? HHH 82886?2F 4@>
