!>2@5<5==K5 ?@5?0@0BK 4;O ?8;8=30 8 <5B>48:8 ?@>2545=8O ?@>F54C@K ?8;8=30

 

          >B=>H5=88 8A?>;L7>20=8O E8<8G5A:8E ?8;8=3>2 2 A>2@5<5==>9 :>A<5B>;>388 <>6=> 2KO28BL =5A:>;L:> B5=45=F89.

         @5645 2A53>, A53>4=O A?5F80;8ABK AB0@0NBAO >B:070BLAO >B 03@5AA82=KE E8<8G5A:8E 035=B>2, :>B>@K5 B@51CNB 4;8B5;L=>9 @5018;8B0F88 :>68 8 ?@8<5=5=85 :>B>@KE G@520B> >A;>6=5=8O<8. E G0I5 2A53> 70<5=ONB ;53:8<8 -?8;8=30<8.

         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

         #A8;8O 45@<0B>;>3>2 8 @07@01>BG8:>2 =>2KE ?@5?0@0B>2 =0?@02;5=K 5I5 8 =0 C<5=LH5=85 48A:>@B0 ?0F85=B0 >B ?@>872>48F54C@. ?5@2CN >G5@54L 4;O MB>3> 8A?>;L7CNB 035=BK, :>B>@K5 157 CI5@10 4;O MDD5:B82=>AB8 2>7459AB28O A=860NB ?>AB?8;8=3>2CN M@8B52@5<5==KE ?@5?0@0B0E AB0@0NBAO ?@8<5=OBL B0:85 :><18=0F88 :8A;>B, :>B>@K5 C<5=LH0NB H5;CH5=85 :>68 2 ?>AB?8;8=3>2K9 ?5@8>4.
;O A=865=8O B@02<0B870F88 :>68 ?@8 <0:A8<0;L=>< A>E@0=5=88 MDD5:B82=>AB8 ?@>F54C@K A8;L=>459AB2CNI85 035=BK :><18=8@CNB A> A?5F80;L=K<8 ?@>B82>2>A?0;8B5;L=K<8 A@54AB20<8. 0?@8<5@, A 8=3818B>@0<8 2>A?0;5=8O, B0:8<8 :0: =8B@0B AB@>=F8O.

         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

         ;O B>3> GB>1K C<5=LH8BL 48A:>@B >B H5;CH5=8O, ?@8<5=ONB :><18=0F88 :8A;>B A E8B>70=><, GB> 405B 4>?>;=8B5;L=>5 C2;06=5=85 :>68 8 A=8605B 55 2>A?0;5=85.
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

         =B5@5A=K< ?@54AB02;O5BAO A>G5B0=85 3;8:>;52>9 :8A;>BK 2 =87:>9 :>=F5=B@0F88 A :>952>9 8 D8B8=>2>9 :8A;>B0<8. ><8<> E>@>H53> >BH5;CH820NI53> MDD5:B0, MB0 :><18=0F8O :8A;>B 70<54;O5B ?@>F5AA A8=B570 <5;0=8=0, 4>?>;=8B5;L=> >15A?5G820O >B15;820=85 :>68 2 ?@>F5AA5 ?8;8=30. @8<5=O5BAO 8 A>G5B0=85 3;8:>;52>9 :8A;>BK A 0;0=B>8=>< 8 M:AB@0:B>< ?;0F5=BK, :>B>@>5 >15A?5G8205B 4>?>;=8B5;L=>5 C2;06=5=85 :>68, >:07K205B 0=B8>:A840=B=>5 459AB285 8 A=8605B @074@065=85.

         ABL 8 B0:>9 20@80=B: A;01K9 @0AB2>@ 3;8:>;52>9 :8A;>BK+A;01K9 @0AB2>@ <>;>G=>9 :8A;>BK. ! >4=>9 AB>>>=K, A>G5B0==>5 459AB285 42CE :8A;>B ?>2KH05B ?5=5B@0F8N, A 4@C3>9 AB>@>=K, <>;>G=0O :8A;>B0, O2;OOAL >4=8< 87 :> =5=B>2 C2;06=ONI53> D0:B>@0 :>68, ?><>305B 871560BL 871KB>G=>9 45384@0B0F88, :>B>@0O G0AB> O2;O5BAO A25B>< =0 E8<8G5A:89 ?8;8=3.

         A5 G0I5 ?@8<5=O5BAO :><18=0F8O D8B8=>2>9 8 B0@B0@>2>9 (28==>9) :8A;>B. 8;8=3 MB8<8 035=B0<8 ?@>E>48B 157 2K@065==>3> 2>A?0;5=8O, B0: :0: D8B8=>20O :8A;>B0 A?>A>1=0 A2O7K20BL >4=> 8 42CE20;5=B=K5 8>=K <5B0;;>2, >B25BAB25==KE 70 70?CA: >:8A;8B5;L=KE @50:F89 2 ?@>F5AA0E 2>A?0;5=8O 8 ?>2KH5==>3> ?83<5=B>>1@07>20=8O. >MB><8G5A:>3> ?8;8=30 D8B8=>20O :8A;>B0 ?@82;5:05B 8<5==>
A2>8<8 0=B8>:A840=B=K<8, >B15;820NI8<8, ?@>B82>2>A?0;8B5;L=K<8 A2>9AB20<8 "0@B0@>20O :8A;>B0 >1;0405B BH5;CH820NI8< 459AB285< 2 A>G5B0=88 A 2K@065==K< C2;06=ONI8< MDD5:B><.

         !;54CNI55 =0?@02;5=85 - 0:B82=>5 ?@8<5=5=85 @5B8=>84>2 2 =87:>9 :>=F5=B@0F88 (@5B8=>84=K5 ?@5?0@0BK 4;O ?8;8=30 2K?CA:0NBAO =5 B>;L:> 2 2845 @0AB2>@>2, => 8 2 2845 <0A>:). 8;8=3 @5B8=>840<8 =5 405B 2K@065==>3> 2>A?0;5=8O, => 2 B> 65 2@5:07K205B 2;8O=85 =0 M?845@<0;L=K9 A;>9 8 45@= CA8;8205B M:AD>;80F8N, 0:B82878@C5B A8=B57 :>;;035=0 8 .

          G8A;5 =>2KE <5B>48: <>6=> C?><18=8@>20==CN B5E=>;>38N, :>B>@0O A>G5B05B <0=C0;L=CN H;8D>2:C :>68 8 E8<8G5A:89 ?8;8=3; A :064K< 4=5< >=0 AB0=>28BAO 2A5 1>;55 ?>?C;O@=>9. 53:0O H;8D>2:0 :>68 ?@>2>48BAO 2 ?@54?8;8=3>2>9 D075 (>=0 <>65B ?@8<5=OBLAO 8 2 4><0H=8E CA;>28OE). :0G5AB25 01@0782=>3> <0B5@80;0 4;O =55 8A?>;L7CNBAO <8:@>:@8AB0;;K >:A840 0;N<8=8O, 2 :>B>@K5 G0AB> 4>102;ONB 18A0E0@84K, ?>;CG05B5E=>;>38G5A:8< ?CB5< 87 <08A0 8 A>8. %8<8G5A:0O AB@C:BC@0 MB8E ?>;8A0E0@84>2 ?@54AB02;5=0 F5?>G:>9 ?>2B>@ONI8EAO 725=L52 B@5E A0E0@>2: L-DC:>7K, 30;0:B>7K 8 30;0:BC@>=>2>9 :8A;>BK. ;03>40@O A2>59 A?>A>1=>AB8 <>4C;8@>20BL 2KA2>1>645=85 <5480B>@>2 2>A?0;5=8O MB8 ?>;8A0E0@84K >:07K20NB CA?>:0820NI55 459AB285 4065 =0 >G5=L GC2AB28B5;L=CN :>6C. @><5 MB>3>, 8AA;54>20=8O ?>A;54=8E ;5B 2KO28;8 A?>A>1=>ABL 18A0E0@84>2 CA8;820BL 45A:20<0F8N M?845@<8A0 70 AG5B >1;53G5=8O 2KA2>1>645=8O :>@=5>F8B>2 A ?>25@E=>AB8 :>68. "0:0O <5E0=8G5A:0O H;8D>2:0, ?@>2545==0O ?5@54 E8<8G5A:8< ?8;8=3><, >15A?5G8205B @02=><5@=>5 C40;5=85 25@E=53> A;>O M?845@<8A0, GB> C;CGH05B ?@>=8:=>25=85 E8<8G5A:8E 035=B>2. -B> ?>72>;O5B 2 40;L=59H5< ?@>25AB8 ?8;8=3 <5=LH59 :>=F5=B@0F88, => A 1>;LH8< MDD5:B><.