Electrolux EXU24JEIWI Manual de instalación

EXO36HEIWEEXO27HEIWEEXI09JEIWIEXI12JEIWIEXC09JEIWIEXC12JEIWIEXU09JEIWIEXU12JEIWIEN AIR CONDITIONERFR CLIMATISEUREL ȀȁǿȂǹȉǿȈȉǿȀȅIT CONDIZIONATORE D’ARI

 ^^^LSLJ[YVS\_JVT0UKVVY\UP[PUZ[HSSH[PVU0UZ[HSSPUN[OLTV\U[PUNWSH[L -P[[OLPUZ[HSSH[PVUWSH[LOVYPaVU[HSS`VUZ[Y\J[\YHSWHY[ZVM[OL

 ZZZHOHFWUROX[FRPǼȚțȈȪȞįİıȘıȦȜȒȞĮȥȣțIJȚțȠȪǼȡȖĮıȓĮİțȤİȓȜȦıȘȢǾțȪȡȚĮĮȚIJȓĮįȚĮȡȡȠȒȢȥȣțIJȚțȠȪİȓȞĮȚIJĮİȜĮIJIJȫȝĮIJĮıIJȘȞİțȤİȓȜȦıȘȆ

ǼȁȁǾȃǿȀǹȈijȓȟȚȝȠıȪȞįİıȘȢ ǼȣșȣȖȡĮȝȝȓıIJİIJȠțȑȞIJȡȠIJȦȞıȦȜȒȞȦȞ ȈijȓȟIJİĮȡțİIJȐIJȠȡĮțȩȡȝİIJȠȤȑȡȚțĮȚıIJȘıȣȞȑȤİȚĮıijȓȟIJİIJȠȝİțȜİȚįȓțĮȚȡȠʌȩț

 ZZZHOHFWUROX[FRPȀĮȞȠȞȚıȝȠȓȘȜİțIJȡȚțȒȢĮıijȐȜİȚĮȢȖȚĮIJȘȞĮȡȤȚ-țȒİȖțĮIJȐıIJĮıȘ ǼȐȞȣʌȐȡȤİȚıȠȕĮȡȩʌȡȩȕȜȘȝĮĮıijȐȜİȚ-ĮȢȝİIJȘȞIJȡȠijȠįȠıȓĮȡİȪȝĮIJȠ

ǼȁȁǾȃǿȀǹ ȂȠȞȫıIJİIJĮĮȤȡȘıȚȝȠʌȠȓȘIJĮțĮȜȫįȚĮĮȖȦȖȠȪȢȝİIJĮȚȞȓĮĮʌȩ39&ȉĮțIJȠʌȠȚȒıIJİIJĮȫıIJİȞĮȝȘȞȑȡȤȠȞIJĮȚıİİʌĮijȒȝİȠʌȠȚĮįȒʌȠIJİȘȜİțIJȡ

 ZZZHOHFWUROX[FRPLNL(A) N(A) S(A)NSLNSLNSLNSLS(B) L(D) N(D) S(D)L(C) N(C) S(C)L(B) N(B)LNL(A) N(A) S(A)W)L(1)N(2SW)L(1)N(2S W)L(1)N(2SW)L(1)N(2S

ǼȁȁǾȃǿȀǹLNL(A) N(A) S(A)L N SL N SL N SL(C)N(C)S(C)L(D)N(D)S(D)L N SL(B)N(B)S(B)L N SL(E)N(E)S(E)LNL(A) N(A) S(A)W)L(1S2(N)W)L(1S2(N)W)L(1S2(N)W)L

 ZZZHOHFWUROX[FRPǹijȠȪİʌȚȕİȕĮȚȫıİIJİIJĮʌĮȡĮʌȐȞȦʌȡȠİIJȠȚ-ȝȐıIJİIJȘȞțĮȜȦįȓȦıȘȦȢİȟȒȢ ȂȘȞȟİȤȞȐIJİȩIJȚʌȡȑʌİȚȞĮȣʌȐȡȤİȚĮȞİȟȐȡIJȘIJȠțȪțȜȦȝĮȡİ

ǼȁȁǾȃǿȀǹ ǺİȕĮȚȦșİȓIJİȩIJȚIJȠȥȣțIJȚțȩʌȠȣʌȡȠıIJȑșȘțİıIJȠțȜȚȝĮIJȚıIJȚțȩİȓȞĮȚıİȣȖȡȒȝȠȡijȒ ȂȘȞİʌȚȤİȚȡȒıİIJİȞĮĮȞȠȓȟİIJİIJȘȕĮȜȕȓįĮʌİȡĮȚIJȑȡȦȩIJĮ

 ZZZHOHFWUROX[FRP ǹȞIJȓıIJĮıȘȝȩȞȦıȘȢǾĮȞIJȓıIJĮıȘȝȩȞȦıȘȢʌȡȑʌİȚȞĮİȓȞĮȚȝİȖĮȜȪIJİȡȘĮʌȩ0 ǼȡȖĮıȓİȢȖİȓȦıȘȢǹijȠȪȠȜȠțȜȘȡȫıİIJİIJȚȢİȡȖĮıȓİȢ

ǼȁȁǾȃǿȀǹ ǾįȠțȚȝĮıIJȚțȒȜİȚIJȠȣȡȖȓĮįȚĮȡțİȓʌİȡȓʌȠȣȜİʌIJȐǼȚțǼȚțȀȠȣȝʌȓȤİȚȡȠțȓȞȘIJȠȣİȜȑȖȤȠȣȀȠȣȝʌȓȤİȚȡȠțȓȞȘIJȠȣİȜȑȖȤȠȣ$872&22/$872&

,5.30:/+YPSSWPWPUNOVSL :SHU[[OLWPWPUNOVSLTTVU[OL^HSSZSPNO[S`KV^U^HYK[V[OLV\[KVVYZPKL 0UZLY[[OLWPWPUNOVSLZSLL]L

7,5:(;07,9=60.YHaPLWLYH]LYHJX\PZ[H[V\UHWWHYLJJOPH[\YH,SLJ[YVS\_(]L[LZJLS[V\UWYVKV[[VJOLOHHSSLZWHSSLKLJLUUPKPLZWLYPLUaHWYVMLZZPVUH

0;(30(563LNNLYLH[[LU[HTLU[LPSTHU\HSLWYPTHKLSS\ZV*VUZLY]HYLPSTHU\HSLWLYJVUZ\S[HaPVUPM\[\YL0UJHZVKPHUVTHSPLHKLZZNYHKL]VSL

 ^^^LSLJ[YVS\_JVT8\LZ[HHWWHYLJJOPH[\YHW\~LZZLYL\ZH[HKHIHTIPUPHWHY[PYLKHNSPHUUPLKHHK\S[PJVUSPTP[H[LJHWHJP[nÄZPJOLZLUZVYPHS

0;(30(565VUZTHS[PYLX\LZ[VWYVKV[[V[YHPYPÄ\[PJVT\UP:THS[PYLPSWYVKV[[VZLWHYH[HTLU[LPUX\HU[VYPJOPLKL[YH[[HTLU[PZWLJPHSP*VYY

 ^^^LSLJ[YVS\_JVT0UKP]PK\HYLSPUKPYPaaV>LIKP,SLJ[YVS\_WLYPSWYVWYPVWHLZLKPYLZPKLUaHULSSH[HILSSHZLN\LU[L7HLZL 0UKPYPaaVKLSZP[V

0;(30(5605:;(33(A065,+,3;076:730;:[Y\TLU[PULJLZZHYPWLYSPUZ[HSSHaPVUL 3P]LSSH *HJJPH]P[L ;YHWHUVLSL[[YPJV 7\U[HKH[YHW

 ^^^LSLJ[YVS\_JVT ^^^LSLJ[YVS\_JVT+LZJYPaPVULKLSWYVKV[[V56;(;\[[LSLPTTHNPUPKLSWYLZLU[LTHU\HSLOHUUVÄUHSP[nZVSVLZWSPJH[P]L

0;(30(563\VNVKPPUZ[HSSHaPVUL 5VUPUZ[HSSHYLS\UP[nPU\US\VNVJVU!¶ MVY[PMVU[PKPJHSVYL"¶ ]HWVYPVNHZPUÄHTTHIPSP"¶ JVU[

 ^^^LSLJ[YVS\_JVT0UZ[HSSHaPVULKLSS\UP[nPU[LYUH0UZ[HSSHaPVULKLSSHWPHZ[YHKPTVU[HNNPV 4VU[HYLSHWPHZ[YHVYPaaVU[HSTLU[LYPZWL[[HUKV

 0;(30(56-VYVWLY[\IHaPVUL 0UJSPUHYLPS[\IVTTZ\SSHWHYL[LSLNNLYTLU[L]LYZVPSIHZZVPUKPYLaPVULKLSSLZ[LYUV 0UZLYPYLPSTH

 ^^^LSLJ[YVS\_JVT >PYPUNJVUULJ[PVUVMPUKVVY\UP[-PN-PN*(<;065*OLJR[OL^PYPUN[VTHRLZ\YL[OH[[OLYLPZUVZOVY[JPYJ\P[0UJ

 ^^^LSLJ[YVS\_JVT *VSSLNHTLU[VKLSJHISHNNPVKLSS\UP[nLZ[LYUH-PN-PN(;;,5A065,*VU[YVSSHYLPSJHISHNNPVWLY]LYPÄJHYLJOLUVU]PZP

0;(30(56-PN-PN-PN (]]VSNLYLSH[\IHaPVULPSJH]VKPJVSSLNHTLU[VLPS[\IVKPZJHYPJVJVUKLSUHZ[YVPUTVKVZPJ\YVL\UPMVYTLJVTL

 ^^^LSLJ[YVS\_JVT05:;(33(A065,+,3;076(*(::,;;(0UZ[HSSHaPVULKLSS\UP[nPU[LYUH -HYWHZZHYLSH[\IHaPVULH[[YH]LYZVPSMVYVULSSH

0;(30(56.\HPUHKLS[\IVKP\ZJP[HVWaPVUHSL -LYTHNSPVKLS[\IVKP\ZJP[HVWaPVUHSL .VTP[VKPKYLUHNNPV +PTHKPPUZ[HSSHaPVULVWaPVUHSL

 ^^^LSLJ[YVS\_JVT +L[LYTPUHYLSHS\UNOLaaHLSL\ZJP[LKLS[\IVKPJVSSLNHTLU[VKLS[\IVKPZJHYPJVLKLPJH]P 7LYIPSHUJPHYLPSZVMÄ[[VL

0;(30(56:VMÄ[[PLHIP[HaPVUPKPU\V]HJVZ[Y\aPVUL 0UJHZVKPHIP[HaPVUPKPU\V]HJVZ[Y\aPVULPSNHUJPVW\~LZZLYLWYLPUJVYWVYH[VMHYLYPMLYP

 ^^^LSLJ[YVS\_JVT *VU[PU\HYLHZLYYHYLSL]P[PZV[[VPNHUJPKLSWHUULSSVÄUVHYPK\YYLSVZWLZZVYLKLSSHZW\NUH[YHPSJVYWVLS\ZJP[HKLS

0;(30(56:JHYPJVKLSSHWVTWHKLSSHJX\H3HS[LaaHTHZZPTHKPZVSSL]HTLU[VuKPTT-PN0UZ[HSSHaPVULKLS[\IVKPZJHYPJV 7YPUJPWPV

 ^^^LSLJ[YVS\_JVT 7VZPaPVUHTLU[VKLS[\IVKPPTTHNHaaPUHTLU[VHJX\H :LS\UP[nPU[LYUHOH\UHWYLZZPVULZ[H[PJHZ\WWSLTLU[HYLLJJLZZP]HLK

 0;(30(5605:;(33(A065,+,3;076(*65+6;;6(JJLZZVYPV5 5VTL 8[n;\IVKPPZVSHTLU[VVWaPVUHSL;LSLJVTHUKV 9VUKLSSHNYHUKLVWaPVUHSL-

,5.30:/-PN-PN-PN )\UKSL[OL[\IPUNJVUULJ[PUNJHISLHUKKYHPUOVZL^P[O[HWLZLJ\YLS`L]LUS`HZZOV^UPU-PN\YLILSV^*(<;065*VU

 ^^^LSLJ[YVS\_JVT 0SZVMÄ[[VuVYPaaVU[HSLLKuPUNYHKVKPZVZ[LULYLPSWLZVKLSS\UP[nPU[LYUH3PUNYLZZVLS\ZJP[HKLSSHYPHUVUZVUVVZ

0;(30(56+PTLUZPVULKLSSLU[YH[HKLSSHYPH+PTLUZPVULKLSSHWVZPaPVULKLSSHWLY[\YHKP]LU[PSHaPVULKPZJLUZPVUHSL+PTLUZPVUPKLSNHUJPVKPTVU[HNNPV

 ^^^LSLJ[YVS\_JVT:[Y\[[\YHPUSLNUV0UZLYPYL\UWLaaVKPSLNUV[YHSL[YH]PLPUZ[HSSHYLPI\SSVUP-PN4H[[VUPPUJLTLU[VHYTH[VVYPNPUHSP0UZ[

0;(30(56 0UJVSSHYLSHZW\NUHKP[LU\[HULSSHWVZPaPVULPUKPJH[HULSSHÄNZLN\LU[LX\PUKPTVKPÄJHYLSLWVZPaPVULKPTVU[HNNPVKLSWHUULSSVKP

 ^^^LSLJ[YVS\_JVT-PN-PN-PN-PN0Z[Y\aPVUPWLYNSPHJJLZZVYPKPPUZ[HSSHaPVULKLSJVUKV[[V+LZPNUKLSJVUKV[[V9LUKLYLPSJVUKV[

0;(30(56:JLS[HKLSS\VNVKPPUZ[HSSHaPVUL 4HU[LULYLSLKPZ[HUaLKPPUZ[HSSHaPVULTPUPTLPUKPJH[LULSWYLZLU[LKVJ\TLU[V 5VUISVJJHYLSPU

 ^^^LSLJ[YVS\_JVT-PN*VSSLNHTLU[V[\IHaPVULYLMYPNLYHU[L:]HZH[\YH3HWYPUJPWHSLJH\ZHKLSSLM\NOLKPNHZYLMYPNLYHU[LuKV]\[HHKP

0;(30(56:LYYHNNPVKLPNP\U[P (SSPULHYLPSJLU[YVKLP[\IP :LYYHYLZ\MÄJPLU[LTLU[LPSKHKVZ]HZH[VJVUSLKP[HX\PUKPZLYYHYSVJVU\UHJOPH]L

 ^^^LSLJ[YVS\_JVT5VYTLKPZPJ\YLaaHLSL[[YPJHWLYSPUZ[HSSHaPVULPUPaPHSL 0UJHZVKPWYVISLTHKPZPJ\YLaaHZLYPVYLSH[P]VHSSHSPTLU[HaPVUL

 0;(30(56 0ZVSHYLPJH]PPU\[PSPaaH[PJVUK\[[VYPJVUKLSUHZ[YVPU7=*;HNSPHYSPPUTVKVJOLUVULU[YPUVPUJVU[H[[VJVUJVTWVULU[PLSL[[YPJP

 ^^^LSLJ[YVS\_JVT*(::,;;,;@7,05:;(33(;0650UKVVY\UP[PUZ[HSSH[PVU 7HZZ[OLWPWPUN[OYV\NO[OLOVSLPU[OL^HSS /VVR[OLPUKVVY

 ^^^LSLJ[YVS\_JVTLNL(A) N(A) S(A)NSLNSLNSLNSLS(B) L(D) N(D) S(D)L(C) N(C) S(C)L(B) N(B)LNL(A) N(A) S(A)W)L(1)N(2SW)L(1)N(2S W)L(1)N(2SW)L(1)N(2S

0;(30(56LNL(A) N(A) S(A)L N SL N SL N SL(C)N(C)S(C)L(D)N(D)S(D)L N SL(B)N(B)S(B)L N SL(E)N(E)S(E)LNL(A) N(A) S(A)W)L(1S2(N)W)L(1S2(N)W)L(1S2(N)W)L

 ^^^LSLJ[YVS\_JVT+VWVH]LYLJVUMLYTH[VSLJVUKPaPVUPWYLJLKLU[PWYLWHYHYLPJH]PULSTVKVZLN\LU[L! +LKPJHYLZLTWYL\UJPYJ\P[VLSL[[YPJVHW

0;(30(56 8\HUKVZPWVZPaPVUHS\UP[nPU\UHS[YVS\VNVLZLN\PYL\UVWLYHaPVULKPL]HJ\HaPVULTLKPHU[L\UHWVTWHHKLWYLZZPVUL =LYPÄJHYLJOL

 ^^^LSLJ[YVS\_JVT*VU[YVSSVZPJ\YLaaHLWLYKP[L*VU[YVSSVZPJ\YLaaHLSL[[YPJH,ZLN\PYLPJVU[YVSSPLSL[[YPJPKPZPJ\YLaaHHS[LYTPULKLSSPUZ[H

0;(30(56 8\HU[VSH[LTWLYH[\YHHTIPLU[Lu[YVWWVIHZZHPUMLYPVYLH*S\UP[nUVUW\~LZZLYLJVU[YVSSH[HJVUPS[LSLJVTHUKVWLYPSM\UaPV

A4@NJ3ǂ6;6)0,+aPLJR\QLT`aHaHR\W\YaǃKaLUPH,SLJ[YVS\_1LZ[VUVV^VJLTKaPLZPLJJPVSLJPKVNj^PHKJaLljPPUUV^HJQP;VWVT`ZéV^LPZ[`SV^L\YaǃKaLUPLa

763:207YaLKYVaWVJaLJJPLTLRZWSVH[HJQP\YaǃKaLUPHKVRéHKUPLaHWVaUHDžZPLJaPUZ[Y\RJQǃVIZé\NPAHJOV^HDžPUZ[Y\RJQLJVIZé\NPKV^`RVYa`Z[HUPH^WY

 ^^^LSLJ[YVS\_JVT<YaǃKaLUPLTVNǃVIZé\NP^HDžKaPLJPWV\RVljJaLUP\}ZTLNVYVR\Ǐ`JPHVYHaVZVI`VVNYHUPJaVU`JOaKVSUVNjJPHJOÄa`JaU`JOZLUZV

 763:207YH^PKéV^H\[`SPaHJQHWYVK\R[\;VVaUHJaLUPL^ZRHa\QLǏLUH[LYLUPL<,WYVK\R[[LUUPLTVǏLI`Dž^`Ya\JHU`YHaLTaPUU`TPNjTPLJPHTPW

,5.30:/6\[SL[WPWLZOLH[O6W[PVUHS 6\[SL[WPWL*SHZW6W[PVUHS +YHPUQVPU[ 0UZ[HSSH[PVUWHWLYIVHYK6W[PVUHS  :V\UKWYVVMPUZ\SH[PV

 ^^^LSLJ[YVS\_JVT(KYLZ`PU[LYUL[V^LÄYT`,SLJ[YVS\_^WVZaJaLN}SU`JORYHQHJOWYaLKZ[H^PHWVUPǏZaH[HILSH2YHQ (KYLZ^P[Y`U`PU[LYUL[V^LQ2YHQ (K

763:2005:;(3(*1(96A+A0,365(5HYaLJKaPHWV[YaLIULKVPUZ[HSHJQP 7VaPVTPJH NJY\IVRYLJ[ >PLY[HYRHLSLR[Y`JaUH >PLY[UPJHRVYVUV

 ^^^LSLJ[YVS\_JVT6WPZ\YaǃKaLUPH<>(.0>Za`Z[RPLY`Z\URPaH^HY[L^UPUPLQZaLQPUZ[Y\RJQPTHQǃ^`éǃJaUPLJOHYHR[LYVYPLU[HJ`QU`-H

763:204PLQZJLPUZ[HSHJQP 5PLPUZ[HSV^HDž\YaǃKaLUPH^TPLQZJHJO!¶ ^R[}Y`JOaUHQK\QǃZPLJPU[LUZ`^ULǍY}KéHJPLWéH"¶ ^R[}Y`JOVILJULZ

 ^^^LSLJ[YVS\_JVT0UZ[HSHJQHQLKUVZ[RP^L^ULJ[YaULQ0UZ[HSHJQH\JO^`[\TVU[HǏV^LNV AHTVJV^HDž\JO^`[TVU[HǏV^`WVaPVTVKVLSLTLU[}^RVUZ[Y\RJ

763:20>PLYJLUPLV[^VY\UHWYaL^VK` 6[^}YUHWYaL^VK`TT^NjJPHUPLUHSLǏ`^`RVUHDžWVKUPL^PLSRPTZRVZLT[HRI`^`SV[WVZ[YVUPLa

 ^^^LSLJ[YVS\_JVT 7VKéǃJaHUPLWYaL^VK}^QLKUVZ[RP^L^ULJ[YaULQ9`Z9`Z<>(.(:WYH^KaPDžWYaL^VK`HI`\WL^UPDžZPLJǏLUPL^`Z[ǃWPa

763:209`Z9`Z9`Z 9\YRPRHILSWVéǃJaLUPV^`P^ǃǏVKWé`^V^`UHSLǏ`TVJUVP^Y}^U`JOVKZ[LJWHJOWVéǃJa`Dž[HNjTǃQHRWVRHaHUVUHY`Z\UR\W

 ^^^LSLJ[YVS\_JVT05:;(3(*1(2(:,;6>(0UZ[HSHJQHQLKUVZ[RP^L^ULJ[YaULQ 7YaLéVǏ`DžY\YRPWYaLaV[^}Y^NjJPHUPL AH^PLZPDžQLKUVZ[RLJ

 763:206ZéVUHY\Y`^`SV[V^LQVWJQH AHJPZRY\Y`^`SV[V^LQVWJQH AéǃJaLVKWé`^\ 7HWPLYV^`ZaHISVUTVU[HǏV^`VWJQH  6ZéVUH[LYTPJaUHHR\

 ^^^LSLJ[YVS\_JVT[OLJVUULJ[PUNWPWLKYHPUWPWLHUKJHISLZ ;VIHSHUJL[OLJLPSPUNHUK[VH]VPK]PIYH[PVUWSLHZLLUMVYJL[OLJLPSPUN^OLUULJ

 ^^^LSLJ[YVS\_JVT >YHaPLWV[YaLI`HI`aHWL^UPDžZ[HIPSUVNjDžP\UPRUǃDž^PIYHJQPZ\Ä[UHSLǏ`WVKLWYaLDž AHaUHJa`DžWVéVǏLUPLaHJaLW}^TVU[

763:205V^VI\KV^HULKVT`PZ\Ä[` >WYa`WHKR\KVT}^^[YHRJPLI\KV^`aHJaLW`TVNǃI`DžVZHKaVUL^JaLNjUPLQWH[YaVWPZHUHWV^`ǏLQWYVJLK\YHTVU

 ^^^LSLJ[YVS\_JVT +VRYLJJHDžNjY\I`aHJaLW}^WHULS\[HRKé\NVHǏWYaLZ[YaLljWVTPLJKa`RVYW\ZLTHWHULSLTaVZ[HUPLaTUPLQZaVUHKVVRVéV¶TT)

763:206KWé`^aWVTW`^VK`4HRZ`THSUH^`ZVRVNjDžWVKUPLZPLUPHVKWé`^\^`UVZPTT9`Z0UZ[HSHJQHY\Y`VKWé`^V^LQ AHZHK`KV[`JaǃJLPUZ

 ^^^LSLJ[YVS\_JVT <éVǏLUPLZ`MVU\^VKULNV 1LǏLSPQLKUVZ[RH^L^ULJ[YaUHTH^`ZVRPLJPNjUPLUPLZ[H[`JaULPUPLQLZ[^`WVZHǏVUH^WVTWLJ^VKUǃ

763:2005:;(3(*1(2(5(è6>((RJLZVYPH59 5Ha^H 0SVNjDž9\YHPaVSHJ`QUHVWJQH7PSV[aKHSULNVZ[LYV^HUPH +\ǏHWVKRéHKRHVWJQH;HNjTHaHJP

 ^^^LSLJ[YVS\_JVT :\Ä[T\ZPI`DžWéHZRPPVKWV^PLKUPVTVJU`HI`\[Ya`THDžJPLJǏHYQLKUVZ[RP^L^ULJ[YaULQ >SV[P^`SV[WV^PL[YaHUPLTVǏLI`

763:20>`TPHY`V[^VY\^SV[\WV^PL[YaH>`TPHY`P\TPLQZJV^PLUPLV[^VY}^^LU[`SHJ`QU`JO>`TPHYaHTVU[V^HULNVOHRH>`TPHY>`TPHY`aL^ULJ[YaU

 ^^^LSLJ[YVS\_JVT:[YVWKYL^UPHU`AHTVJV^HDžILSRLJUHKILSRHTPZ[YVWV^`TPPaHTVU[V^HDžWYLJ[`9`Z:[HYLISVJaRPIL[VUV^LAHTVU[V^HDžWYLJ[N^PU[V^HU

 763:20 >Z\UǃDžaHéǃJaVUǃNǃIRLJ\ZaJaLSUPHQǃJǃ^ZWVZ}IWVRHaHU`UHY`Z\UR\UHZ[LJWUPLaTPLUPDžWVa`JQLJaHTVJV^HUPHWHULS\WV^PL[YaHa^YV[ULNV

,5.30:/5L^I\PS[OV\ZLZHUKJLPSPUNZ 0U[OLJHZLVMUL^I\PS[OV\ZL[OLOVVRJHUILLTILKKLKPUHK]HUJLYLMLY[V[OLL_PZ[PUNJLPSPUNPUZ[HSSH

 ^^^LSLJ[YVS\_JVT9`Z9`Z9`Z9`Z>ZRHa}^RPKV[`JaǃJLHRJLZVYP}^KVTVU[HǏ\RHUHé}^^LU[`SHJ`QU`JO7YVQLR[V^HUPLRHUHé}^^LU[`

763:20>`I}YTPLQZJH AHJOV^HDžTPUPTHSULVKSLNéVNjJPTVU[HǏV^L^`ZaJaLN}SUPVUL^UPUPLQZaLQPUZ[Y\RJQP 5PLaHZéHUPHDž^SV[\S\I^`SV[\WV^

 ^^^LSLJ[YVS\_JVT9`Z7VKéǃJaHUPLWYaL^VK\VIPLN\Ja`UUPRHJOéVKUPJaLNV2PLSPJOV^HUPL.é}^UǃWYa`Ja`Uǃ^`JPLR}^Ja`UUPRHJOéVKUPJaLNV

763:20AHJPZRHUPLWVéǃJaLUPH >`Y}^UHDž^QLKULQSPUPPNjYVKRPY\Y +VRYLJJPDžTVJUVWHSJHTPUHRYLJ[RLJRPLSPJOV^ǃHUHZ[LJWUPLKVRYLJJPDžQǃRS\JaLT

 ^^^LSLJ[YVS\_JVT7YaLWPZ`ILaWPLJaLljZ[^HLSLR[Y`JaULNVKSH^Z[LJWULQPUZ[HSHJQP >WYa`WHKR\^`Z[ǃWPLUPHWV^HǏU`JOWYVISLT}^a^PǃaHU`JOaI

763:20 AHILaWPLJa`DžUPLWVKéǃJaVULWYaL^VK`[HNjTǃPaVSHJ`QUǃHI`UPLKV[`RHé`ǏHKU`JOLSLR[Y`JaU`JOHUPTL[HSV^`JOJaLJNjJP7VKéǃJaLUPHWYaL^VK}^

 ^^^LSLJ[YVS\_JVTLNL(A) N(A) S(A)NSLNSLNSLNSLS(B) L(D) N(D) S(D)L(C) N(C) S(C)L(B) N(B)LNL(A) N(A) S(A)W)L(1)N(2SW)L(1)N(2S W)L(1)N(2SW)L(1)N(2S

763:20LNL(A) N(A) S(A)L N SL N SL N SL(C)N(C)S(C)L(D)N(D)S(D)L N SL(B)N(B)S(B)L N SL(E)N(E)S(E)LNL(A) N(A) S(A)W)L(1S2(N)W)L(1S2(N)W)L(1S2(N)W)L(1

 ^^^LSLJ[YVS\_JVT7V^`RVUHUP\WV^`ǏZa`JOJa`UUVNjJPUHSLǏ`WYa`NV[V^HDžWYaL^VK`Z[VZV^UPLUHZ[LJW\QǃJ`JO^ZRHa}^LR! 5HSLǏ`WHTPLJ[HDžHI`RSPTH[

 763:20 AH^ZaLUHSLǏ`\WL^UPDžZPLJǏLJa`UUPRJOéVKUPJa`R[}Y`TUHWLéUPHULQLZ[\YaǃKaLUPLaUHQK\QLZPLJ^Z[HUPLWé`UU`T 5PL^VSUVVIYHJHDž[

 ^^^LSLJ[YVS\_JVTWHULSOVVRZ\U[PS[OL[OPJRULZZVM[OLZWVUNLIL[^LLU[OLIVK`HUK[OLWHULS»ZV\[SL[OHZILLUYLK\JLK[VHIV\[eTT;OLLKNL

 ^^^LSLJ[YVS\_JVT)LaWPLJaLljZ[^VPRVU[YVSHZaJaLSUVNjJP2VU[YVSHILaWPLJaLljZ[^HLSLR[Y`JaULNV7VaHRVljJaLUP\PUZ[HSHJQPKVRVUHDžRVU[YVSPILaWP

763:20 >WYa`WHKR\RPLK`[LTWLYH[\YHV[VJaLUPHQLZ[aI`[UPZRHWVUPǏLQ*\YaǃKaLUPLUPLTVǏLI`Dž\Y\JOVTPVULWPSV[LTaKHSULNVZ[LYV^H

,:;(46:(7,5:(9,4:06IYPNHKVWVY[LYHKX\PYPKV\THWHYLSOV,SLJ[YVS\_,ZJVSOL\\TWYVK\[VX\L[YHaJVUZPNVKtJHKHZKLL_WLYPvUJPHWYVÄZZPVUHSLPUV

769;<.<Ì:3LPHH[LU[HTLU[LVTHU\HSHU[LZKLJVSVJHYLTM\UJPVUHTLU[V.\HYKLVTHU\HSWHYHYLMLYvUJPHM\[\YH:LVIZLY]HYHSNVKLHUVYTH

 ^^^LSLJ[YVS\_JVT(ZJYPHUsHZUqVKL]LTIYPUJHYJVTVHWHYLSOV(SPTWLaHLHTHU\[LUsqVImZPJHUqVKL]LTZLYLMLJ[\HKHZWVYJYPHUsHZZLTZ\WLY

769;<.<Ì:,SPTPUHsqVJVYYLJ[HKLZ[LWYVK\[V,Z[HTHYJHPUKPJHX\LLZ[LWYVK\[VUqVKL]LZLYLSPTPUHKVJVTV\[YVZYLZxK\VZKVTtZ[PJVZUVL

 ^^^LSLJ[YVS\_JVT7VKLLUJVU[YHYVZLUKLYLsVZKL0U[LYUL[KH,SLJ[YVS\_YLSH[P]VZHVZL\WHxZUHZLN\PU[L[HILSH7HxZ ,UKLYLsVKL0U[LYUL[7HxZ ,U

769;<.<Ì:05:;(3(h²6+6;076:730;-LYYHTLU[HZULJLZZmYPHZWHYHHPUZ[HSHsqV 5x]LS *OH]LKLWHYHM\ZVZ)LYILX\PTLStJ[YPJV )

 ^^^LSLJ[YVS\_JVT+LZJYPsqVKVWYVK\[V56;(;VKHZHZPTHNLUZKLZ[LTHU\HSKLZ[PUHTZLHWLUHZHÄUZPS\Z[YH[P]VZ(MVYTHYLHSKVHWHYLSOVPU

 769;<.<Ì:3VJHSKLPUZ[HSHsqV 5qVPUZ[HSLVHWHYLSOVLTmYLHZJVT!¶ MVU[LZKLJHSVYMVY[LZ"¶ ]HWVYLZV\NHZLZPUÅHTm]LPZ"¶

 ,5.30:/>H[LYW\TWKYHPUHNL;OLTH_PT\TSPM[PUNOLPNO[PZTT-PN+YHPUHNLWPWLPUZ[HSSH[PVU 0UZ[HSSH[PVUWYPUJPWSL ,UZ\YLH[SL

  ^^^LSLJ[YVS\_JVT0UZ[HSHsqVKVHWHYLSOVPU[LYPVY0UZ[HSHYHWSHJHKLTVU[HNLT -P_LHWSHJHKLPUZ[HSHsqVUHOVYPaVU[HSUHZWHY[LZLZ[Y\[\Y

 769;<.<Ì:7LYM\YHYVVYPMxJPVWHYHVZ[\IVZ 6VYPMxJPVWHYHVZ[\IVZTTUHWHYLKLKL]LÄJHYSPNLPYHTLU[LPUJSPUHKVWHYHIHP_VU

  ^^^LSLJ[YVS\_JVT 3PNHsLZKVHWHYLSOVPU[LYPVY-PN-PN*<0+(+6=LYPÄX\LHZSPNHsLZWHYHNHYHU[PYX\LUqVL_PZ[LJ\Y[VJPYJ\P[V3

 769;<.<Ì:-PN-PN-PN <UHV[\IVVJHIVKLSPNHsqVLHTHUN\LPYHKLLZJVHTLU[VJVTÄ[HKLMVYTHZLN\YHL\UPMVYTL[HSJVTVPUK

  ^^^LSLJ[YVS\_JVT05:;(3(h²6+6;076*64*(::,;,0UZ[HSHsqVKVHWHYLSOVPU[LYPVY 7HZZLV[\IVWLSVVYPMxJPVUHWHYLKL ,UNH[LVHWH

 769;<.<Ì:9L]LZ[PTLU[VKV[\IVKLZHxKHVWJPVUHS .HUJOVKV[\IVKLZHxKHVWJPVUHS 1\U[HKLLZJVHTLU[V 7SHJHKLPUZ[HSHsqVVWJPVUH

  ^^^LSLJ[YVS\_JVT +L[LYTPULVZJVTWYPTLU[VZLHZZHxKHZKV[\IVKLSPNHsqVKV[\IVKLLZJVHTLU[VLKVZJHIVZ 7HYHLX\PSPIYHYV[LJ[VLL]P

 769;<.<Ì:*HZHZL[LJ[VZUV]VZ :LZL[YH[HYKL\THJHZHUV]HtWVZZx]LSLTI\[PYVNHUJOVHU[LJPWHKHTLU[LJVUZ\S[LHPUZ[HSHsqVKL[LJ[V

  ^^^LSLJ[YVS\_JVT *VU[PU\LHHWLY[HYVZWHYHM\ZVZZVIVZNHUJOVZKVWHPULSH[tHLZWLZZ\YHKHLZWVUQHLU[YLVJVYWVLHZHxKHKVWHPULSZLY

 769;<.<Ì:,ZJVHTLU[VKHIVTIHKLmN\H(HS[\YHTm_PTHKLLSL]HsqVtKLTT-PN0UZ[HSHsqVKV[\IVKLLZJVHTLU[V 7YPUJxWPVZK

>,»9,;/05205.6-@6<;OHUR`V\MVYW\YJOHZPUNHU,SLJ[YVS\_HWWSPHUJL@V\»]LJOVZLUHWYVK\J[[OH[IYPUNZ^P[OP[KLJHKLZVMWYVMLZZPVUHSL_WLY

 ^^^LSLJ[YVS\_JVT >H[LYZ[VYHNLWPWLZL[[PUN 0M[OLPUKVVY\UP[OHZOPNOL_[YHZ[H[PJWYLZZ\YLHUK^P[OV\[^H[LYW\TW[VLSL]H[L[OLJVUK

 ^^^LSLJ[YVS\_JVT 0UZ[HSHsqVKV[\IVKLHYTHaLUHTLU[VKLmN\H :LVHWHYLSOVPU[LYPVYWVZZ\PYWYLZZqVLZ[m[PJHHKPJPVUHSLSL]HKHLUqV[P]LY

769;<.<Ì:05:;(3(h²6+6;076*64*65+<;((JLZZ}YPV5¢ 5VTL 8[K;\IVKLPZVSHTLU[VVWJPVUHS *VU[YVSVYLTV[V (UPSOHNYHUKLVW

 ^^^LSLJ[YVS\_JVT 6[LJ[VKL]LZLYOVYPaVU[HSLJVUZLN\PYZ\WVY[HYVWLZVKVHWHYLSOVPU[LYPVY (LU[YHKHLZHxKHKLHYUqVKL]LTLZ[HYVIZ[

769;<.<Ì:;HTHUOVKHLU[YHKHKLHY;HTHUOVKVWVZPJPVUHTLU[VKHHILY[\YHKL]LU[PSHsqVKLZJLUKLU[L;HTHUOVKVNHUJOVTVU[HKV+PTLUZqV+PTLUZqVKV

 ^^^LSLJ[YVS\_JVT,Z[Y\[\YHKLTHKLPYH*VSVX\L\THIHYYHKLTHKLPYH[YHUZ]LYZHSTLU[LZVIYLHZ]PNHZLPUZ[HSLVZWHYHM\ZVZ-PN;PQVSVZKLIL[q

769;<.<Ì: *VSLHLZWVUQH]LKHU[LMVYULJPKHJVUMVYTLPUKPJHKVUHÄN\YHZLN\PU[LLLTZLN\PKH[YVX\LHZWVZPsLZKLTVU[HNLTKVWHPULSKL

 ^^^LSLJ[YVS\_JVT-PN-PN-PN-PN0UZ[Y\sLZWHYHHJLZZ}YPVZKLPUZ[HSHsqVKLJVUK\[HZ+LZPNUKHZJVUK\[HZ(JVUK\[HKL]LZLYVTH

769;<.<Ì:,ZJVSOLY\TSVJHS 4HU[LUOHHZKPZ[oUJPHZTxUPTHZKLHJLZZVLZWLJPÄJHKHZULZ[LTHU\HS 5qV[HWLHZHxKHKLHYLHLU[YHKHKL

 ^^^LSLJ[YVS\_JVT-PN3PNHsqVKV[\IVKLYLMYPNLYHU[L;YHIHSOVKL\UPqV(WYPUJPWHSJH\ZHKLM\NHZKLYLMYPNLYHU[Lt\T[YHIHSOVKL\

 769;<.<Ì:(WLY[HYHSPNHsqV (SPUOLVJLU[YVKVZ[\IVZ (WLY[LILTHWVYJHKL\UPqVJVTVZKLKVZLHZLN\PYJVT\THJOH]LKLIVJHZL\TH

,5.30:/+<*;;@7,05:;(33(;065(JJLZZVY`56 5HTL 8[`0UZ\SH[PVUWPWL6W[PVUHS9LTV[LJVU[YVSSLY )PN^HZOLY6W[PVUHS*VUZ[YPJ[PVUIH

 ^^^LSLJ[YVS\_JVT9LN\SHTLU[VZKLZLN\YHUsHLStJ[YPJHWHYHHPUZ[HSHsqVPUPJPHS ,TJHZVKLWYVISLTHZKLZLN\YHUsHNYH]LZUHHSPTLU[HsqVKLLUL

769;<.<Ì: 0ZVSLVZJHIVZUqV\[PSPaHKVZJVUK\[VYLZJVTÄ[H7=**VSVX\LVZKLMVYTHHL]P[HYVJVU[HJ[VJVTX\HPZX\LYWLsHZLStJ[YPJHZ

 ^^^LSLJ[YVS\_JVTLNL(A) N(A) S(A)NSLNSLNSLNSLS(B) L(D) N(D) S(D)L(C) N(C) S(C)L(B) N(B)LNL(A) N(A) S(A)W)L(1)N(2SW)L(1)N(2S W)L(1)N(2SW)L(1)N(2S

769;<.<Ì:LNL(A) N(A) S(A)L N SL N SL N SL(C)N(C)S(C)L(D)N(D)S(D)L N SL(B)N(B)S(B)L N SL(E)N(E)S(E)LNL(A) N(A) S(A)W)L(1S2(N)W)L(1S2(N)W)L(1S

 ^^^LSLJ[YVS\_JVT(W}ZJVUÄYTHYHZJVUKPsLZPUKPJHKHZHJPTHWYLWHYLHSPNHsqVKVZJHIVZKHZLN\PU[LMVYTH! 5\UJHZLLZX\LsHKLPUZ[HSHY\TK

769;<.<Ì: 8\HUKVJVSVJHYVHWHYLSOVUV\[YVS\NHYLMLJ[\LHL]HJ\HsqVJVTHIVTIHKL]mJ\V *LY[PÄX\LZLKLX\LVYLMYPNLYHU[LHKPJPVUHK

 ^^^LSLJ[YVS\_JVT ;YHIHSOVKLSPNHsqVn[LYYH8\HUKV[LYTPUHYV[YHIHSOVKLSPNHsqVn[LYYHTLsHHYLZPZ[vUJPHn[LYYHH[YH]tZKLKL[LJsqV

769;<.<Ì: 6[LZ[LKLM\UJPVUHTLU[VKL]LK\YHYJLYJHKLTPU\[VZ-PN -PN)V[qVKLJVU[YVSVTHU\HS)V[qVKLJVU[YVSVTHU\HS(<;6*66

 ^^^LSLJ[YVS\_JVT7,5:(46:,5<:;,+.YHJPHZWVYHKX\PYPY\UHWHYH[V,SLJ[YVS\_/HLZJVNPKV\UWYVK\J[VX\LPUJVYWVYHKtJHKHZKLL_WLYPLUJPHW

 ,:7(j633LHH[LU[HTLU[LLSTHU\HSHU[LZKLSM\UJPVUHTPLU[V.\HYKLLSTHU\HSWHYHM\[\YHZJVUZ\S[HZ:PZLWYVK\JLHSN\UHHUVTHSxHWLQVSV

 ^^^LSLJ[YVS\_JVT ;OLJLPSPUNPZOVYPaVU[HSHUKP[JHUHMMVYK[OL^LPNO[VM[OLPUKVVY\UP[ ;OLHPYPUSL[HUKV\[SL[HYLUV[PTWLKLKHUKKVL

 ^^^LSLJ[YVS\_JVT5VKLILKLQHYX\LSVZUP|VZ\[PSPJLULSHWHYH[VJVTV\UQ\LNV,]P[LX\LSVZUP|VZSSL]LUHJHIVSHSPTWPLaH`LSTHU[LUPTPLU

,:7(j63,SPTPUHJP}UHKLJ\HKHKLLZ[LWYVK\J[V,Z[HTHYJHPUKPJHX\LLSWYVK\J[VUVKLILKLZLJOHYZLJVUV[YVZYLZPK\VZKVTtZ[PJVZLUUPUNUS\

 ^^^LSLJ[YVS\_JVT,UJVU[YHYmSHZKPYLJJPVULZ^LIKL,SLJ[YVS\_KLZ\WHxZLUSH[HISHX\LHWHYLJLHJVU[PU\HJP}U7HxZ +PYLJJP}UKLSZP[PV^LI7HxZ

,:7(j6305:;(3(*0Ô5;076:730;/LYYHTPLU[HZULJLZHYPHZWHYHSHPUZ[HSHJP}U 0UKPJHKVYKLUP]LS +LZ[VYUPSSHKVY ;HSHKYVLStJ[YPJV )Y

 ^^^LSLJ[YVS\_JVT ^^^LSLJ[YVS\_JVT+LZJYPWJP}UKLSWYVK\J[V56;(;VKHZSHZPTmNLULZKLLZ[LTHU\HSZLWYVWVYJPVUHUJVUÄULZUPJHTLU[L

,:7(j633\NHYKLPUZ[HSHJP}U 5VPUZ[HSLSH\UPKHKLUaVUHZJVU!¶ -\LU[LZKLJHSVYLSL]HKV¶ =HWVYLZVNHZLZPUÅHTHISLZ¶ *VU[HTPUHJP}UJVUW

 ^^^LSLJ[YVS\_JVT0UZ[HSHJP}UKLSH\UPKHKPU[LYPVY0UZ[HSHJP}UKLSHWSHJHKLTVU[HQL *VSVX\LSHWSHJHKLPUZ[HSHJP}UOVYPaVU[HSTLU[LLUL

,:7(j63;HSHKYVKLSVYPÄJPVKLS[\IV 0UJSPULLSVYPÄJPVKLS[\IVTTLUSHWHYLKSPNLYHTLU[LOHJPHHIHQVOHJPHLSSHKVL_[LYPVY 0

 ^^^LSLJ[YVS\_JVT *VUL_P}UKLSJHISLHKVKLSH\UPKHKPU[LYPVY-PN\YH-PN\YH79,*(<*0Ô5(ZLNYLZLKLX\LLSJHISLHKVUV[PLULJVY[VJPYJ\

 ,:7(j63-PN\YH-PN\YH-PN\YH <UHLS[\IVLSJHISLKLJVUL_P}U`SH[\IVKLKLZHNLJVUJPU[HHKOLZP]HKLMVYTHZLN\YH`\UPMVYTLJVTVZL

,5.30:/(PYPUSL[ZPaL7VZP[PVUZPaLVMKLZJLUZPVUHS]LU[PSH[PVUVWLUPUN:PaLVMTV\U[LKOVVR+PTLUZPVU6\[SPULKPTLUZPVU (PYV\[SL[VWLUPUNZPaL (PYYL

 ^^^LSLJ[YVS\_JVT05:;(3(*0Ô5,5,3;,*/60UZ[HSHJP}UKLSH\UPKHKPU[LYPVY 7HZLSVZ[\IVZWVYLSVYPÄJPVKLSHWHYLK ,UNHUJOLSH

,:7(j639L]LZ[PTPLU[VKLS[\IVKLZHSPKHVWJPVUHS *PLYYLKLS[\IVKLZHSPKHVWJPVUHS 1\U[HKLKLZHNL 7HULSKLJHY[}UKLPUZ[HSHJP}UVW

 ^^^LSLJ[YVS\_JVT 7HYHX\LLS[LJOVX\LKLLX\PSPIYHKV`L]P[HY]PIYHJPVULZYLM\LYJLLS[LJOVZLNUZLHULJLZHYPV (SPULLSVZNHUJOVZKLPU

,:7(j63;LJOVZ`JHZHZKLU\L]HJVUZ[Y\JJP}U ,ULSJHZVKL\UHJHZHKLU\L]HJVUZ[Y\JJP}ULSNHUJOVZLW\LKLPUJY\Z[HYJVUHU[LSHJP}UJVUZ\S[L

 ^^^LSLJ[YVS\_JVT :PNHHWYL[HUKVSVZ[VYUPSSVZIHQVSVZNHUJOVZKLSWHULSOHZ[HX\LLSLZWLZVYKLSHLZWVUQHLU[YLSHLZ[Y\J[\YH`SHZHSPKH

,:7(j63+LZHNLKLSHIVTIHKLHN\H3HHS[\YHKLLSL]HJP}UTm_PTHLZKLTT-PN\YH0UZ[HSHJP}UKLS[\IVKLKLZHNL 7YPUJPWPVZKLPU

 ^^^LSLJ[YVS\_JVT 0UZ[HSHJP}UKLS[\IVKLHSTHJLUHTPLU[VKLHN\H :PSH\UPKHKPU[LYPVY[PLUL\UHWYLZP}ULZ[m[PJHHKPJPVUHSLSL]HKH`UVJ\

,:7(j6305:;(3(*0Ô5*65*65+<*;6(JJLZVYPV56 5VTIYL *HU[;\ILYxHKLHPZSHTPLU[VVWJPVUHS4HUKVHKPZ[HUJPH (YHUKLSHNYHUKLVWJPVUHS

 ^^^LSLJ[YVS\_JVT 3HLU[YHKH`SHZHSPKHKLHPYLUVLZ[mUVIZ[Y\PKHZ`UVZL]LUHMLJ[HKHZLUNYHUTLKPKHWVYLSHPYLL_[LYPVY ,SÅ\QVKLH

 ,:7(j63;HTH|VKLSHLU[YHKHKLHPYL;HTH|VKLSHHILY[\YHKL]LU[PSHJP}UKLKLZJLUZV;HTH|VKLSNHUJOVPUZ[HSHKV4LKPKHZ+PTLUZPVULZNLULYHSLZ;HTH|VK

 ^^^LSLJ[YVS\_JVT>VVKLUZ[Y\J[\YL7\[H[PTILYHJYVZZ[OLILHTZHUKPUZ[HSS[OLIVS[Z-PN6YPNPUHSJVUJYL[LIYPJRZ0UZ[HSS[OLOHUNPUNOVVR^P

 ^^^LSLJ[YVS\_JVT,Z[Y\J[\YHKLTHKLYH*VSVX\L\U[YVaVKLTHKLYHHSVSHYNVKLSHZ]PNHZLPUZ[HSLSVZWLYUVZ-PN\YH3HKYPSSVZKLOVYTPN}UVYPN

,:7(j63 *VSVX\LSHLZWVUQHKLZLSSHKVHKQ\U[HJVTVZLPUKPJHLUSHZPN\PLU[LÄN\YH`HJVU[PU\HJP}UJHTIPLSHZWVZPJPVULZKLTVU[HQLKLSWHUL

 ^^^LSLJ[YVS\_JVT-PN\YH-PN\YH-PN\YH-PN\YH0UZ[Y\JJPVULZZVIYLSVZHJJLZVYPVZKLPUZ[HSHJP}UKLSJVUK\J[V+PZL|VKLSJVUK\J[V<[

,:7(j63:LSLJJP}UKLSH\IPJHJP}U 4HU[LUNHSHZKPZ[HUJPHZKLPUZ[HSHJP}UTxUPTHZLZWLJPÄJHKHZLULZ[LKVJ\TLU[V 5VISVX\LLSHLU[YHKHUPZ

 ^^^LSLJ[YVS\_JVT-PN\YH*VUL_P}UKLS[\IVKLYLMYPNLYHU[L;YHIHQVKLHJHTWHUHKV3HJH\ZHWYPUJPWHSKLSHZM\NHZKLYLMYPNLYHU[LZVUKL

,:7(j63(WYPL[LKLSHJVUL_P}U (SPULLLSJLU[YVKLSVZ[\IVZ (WYPL[LSVZ\ÄJPLU[LSH[\LYJHHJHTWHUHKHJVUSVZKLKVZ`KLZW\tZHWYPt[LSHJVU

 ^^^LSLJ[YVS\_JVT5VYTH[P]HZKLZLN\YPKHKLStJ[YPJHWHYHSHPUZ[HSHJP}UPUPJPHS :POH`HSNUWYVISLTHKLZLN\YPKHKNYH]LYLSHJPVUHKVJVUSHM\

,:7(j63 (xZSLSVZJHISLZUV\[PSPaHKVZJVUK\J[VYLZJVUJPU[HKL7=*WHYHX\LUV[VX\LUUPUN\UHWPLaHLStJ[YPJHUPKLTL[HS*VUZ\S[LLSZPN\PL

 ^^^LSLJ[YVS\_JVTLNL(A) N(A) S(A)NSLNSLNSLNSLS(B) L(D) N(D) S(D)L(C) N(C) S(C)L(B) N(B)LNL(A) N(A) S(A)W)L(1)N(2SW)L(1)N(2S W)L(1)N(2SW)L(1)N(2S

 ,:7(j63LNL(A) N(A) S(A)L N SL N SL N SL(C)N(C)S(C)L(D)N(D)S(D)L N SL(B)N(B)S(B)L N SL(E)N(E)S(E)LNL(A) N(A) S(A)W)L(1S2(N)W)L(1S2(N)W)L(1S2(N)W)L(

,5.30:/ :[PJR[OLH[[HJOLKZLHSZWVUNLHZWLY[OLPUKPJH[PUNWSHJLPU[OLMVSSV^PUNÄNHUK[OLUJOHUNL[OLTV\U[PUNWVZP[PVUZVMHPYYL[\YUWHU

 ^^^LSLJ[YVS\_JVT;YHZJVUÄYTHYSHZJVUKPJPVULZHU[LYPVYLZWYLWHYLLSJHISLHKVJVTVZLPUKPJHHJVU[PU\HJP}U! 5\UJHKLQLKL[LULY\UJPYJ\P[V

,:7(j63 (ZLNYLZLKLX\LLSYLMYPNLYHU[LH|HKPKVHSHPYLHJVUKPJPVUHKVLZ[mLULZ[HKVSxX\PKVLU[VKVZSVZJHZVZ 5VPU[LU[LHIYPYTmZSH]mS]

 ^^^LSLJ[YVS\_JVT *VUL_P}UH[PLYYH;YHZYLHSPaHYSHJVUL_P}UH[PLYYHTPKHSHYLZPZ[LUJPHKLSHJVUL_P}UH[PLYYHTLKPHU[LKL[LJJP}U]PZ\HS

,:7(j63 ,SM\UJPVUHTPLU[VKLWY\LIHKLILK\YHY\UVZTPU\[VZ-PN\YH -PN\YH*VU[YVSTHU\HS)V[}U*VU[YVSTHU\HS)V[}U6(<;6*6636(<;66

ZZZHOHFWUROX[FRPVKRS

 ^^^LSLJ[YVS\_JVT-PN-PN-PN-PN0UZ[Y\J[PVUZMVYK\J[PUZ[HSSH[PVUHJJLZZVYPLZ+\J[KLZPNU4HRL[OLK\J[HZZOVY[HZWVZZPISLK\L[V

,5.30:/:LSLJ[PUNSVJH[PVU 4HPU[HPU[OLTPUPT\TPUZ[HSSH[PVUKPZ[HUJLZZWLJPÄLKPU[OPZKVJ\TLU[ +VUV[ISVJR[OLHPYPUSL[VY[OLHPYV\[S

 ^^^LSLJ[YVS\_JVT-PN9LMYPNLYHU[WPWLJVUULJ[PVU-SHYPUN^VYR4HPUJH\ZLMVYYLMYPNLYHU[SLHRHNLPZK\L[VKLMLJ[PU[OLÅHYPUN^VYR*

 ,5.30:/;PNO[LUPUN*VUULJ[PVU (SPNU[OLJLU[LYVM[OLWPWLZ :\MÄJPLU[S`[PNO[LU[OLÅHYLU\[^P[OÄUNLYZHUK[OLU[PNO[LUP[^P[OHZWHUULYHU

,5.30:/9LHK[OLTHU\HSJHYLM\SS`ILMVYLVWLYH[PVU2LLW[OLTHU\HSMVYM\Y[OLYYLMLYLUJL0MZVTL[OPUNHIUVYTHSVJJ\YZLN\UWSLHZHU[ZTLSSZV

 ^^^LSLJ[YVS\_JVT,SLJ[YPJZHML[`YLN\SH[PVUZMVY[OLPUP[PHS0UZ[HSSH[PVU 0M[OLYLPZZLYPV\ZZHML[`WYVISLTHIV\[[OLWV^LYZ\WWS`[OL[LJO

,5.30:/ 0UZ\SH[L\U\ZLKJVYKZJVUK\J[VYZ^P[O7=*[HWL7YVJLZZ[OLTZV[OL`KVUV[[V\JOHU`LSLJ[YPJHSVYTL[HSWHY[Z7SLHZLYLMLY[VILSV^K

 ^^^LSLJ[YVS\_JVTLNL(A) N(A) S(A)NSLNSLNSLNSLS(B) L(D) N(D) S(D)L(C) N(C) S(C)L(B) N(B)LNL(A) N(A) S(A)W)L(1)N(2SW)L(1)N(2S W)L(1)N(2SW)L(1)N(2SS

,5.30:/LNL(A) N(A) S(A)L N SL N SL N SL(C)N(C)S(C)L(D)N(D)S(D)L N SL(B)N(B)S(B)L N SL(E)N(E)S(E)LNL(A) N(A) S(A)W)L(1S2(N)W)L(1S2(N)W)L(1S2(N)W)L(1

 ^^^LSLJ[YVS\_JVT(M[LY[OLJVUÄYTH[PVUVM[OLHIV]LJVUKP[PVUZWYLWHYL[OL^PYPUNHZMVSSV^Z! 5L]LYMHPS[VOH]LHUPUKP]PK\HSWV^LYJPYJ\P[

,5.30:/ 4HRLZ\YL[OLYLMYPNLYHU[HKKLKPU[V[OLHPYJVUKP[PVULYPZSPX\PKMVYTPUHU`JHZL +VUV[[Y`[VVWLU[OL]HS]LM\Y[OLY^OLUP[OP[Z

 ^^^LSLJ[YVS\_JVT .YV\UKPUN^VYR(M[LYÄUPZOPUNNYV\UKPUN^VYRTLHZ\YL[OLNYV\UKPUNYLZPZ[HUJLI`]PZ\HSKL[LJ[PVUHUKNYV\UKPUNYLZPZ[HUJL

,5.30:/ ;OL[LZ[VWLYH[PVUZOV\SKSHZ[HIV\[TPU\[LZ-PN -PN4HU\HSJVU[YVS)\[[VU4HU\HSJVU[YVS)\[[VU(<;6*663(<;6*663

56<:7,5:65:±=6<:4LYJPKH]VPYJOVPZPJLWYVK\P[,SLJ[YVS\_(]LJJLWYVK\P[]V\ZItUtÄJPLaKLKPaHPULZKHUUtLZKL_WtYPLUJLWYVMLZZPVUULSSL

 -9(5h(0:=L\PSSLaSPYLH[[LU[P]LTLU[JLTHU\LSH]HU[K\[PSPZLYSHWWHYLPS*VUZLY]LaJLTHU\LSWV\Y[V\[LJVUZ\S[H[PVU\S[tYPL\YL:P\Ut]tUL

 ^^^LSLJ[YVS\_JVT*OPSKYLUZOHSSUV[WSH`^P[O[OLHWWSPHUJL*SLHUPUNHUK\ZLYTHPU[LUHUJLZOHSSUV[ILTHKLI`JOPSKYLU^P[OV\[Z\WLY]PZPVU+V

 ^^^LSLJ[YVS\_JVT*L[HWWHYLPSWL\[v[YL\[PSPZtWHYKLZLUMHU[ZKLWS\ZKLHUZHPUZPX\LKLZWLYZVUULZKVU[SLZJHWHJP[tZWO`ZPX\LZZLUZVYP

-9(5h(0:7V\YTVKPÄLYSHKPYLJ[PVUK\Å\_KHPY\[PSPZLaSH[tStJVTTHUKLWV\YYtNSLYSHKPYLJ[PVUK\Å\_KHPYnSH]LY[PJHSLV\nSOVYPaVU[HSL

-9(5h(0:=L\PSSLa[YV\]LYSHKYLZZLK\ZP[L>LIK,SLJ[YVS\_KL]V[YLWH`ZKHUZSL[HISLH\JPKLZZV\Z7H`Z (KYLZZLK\ZP[L>LI 7H`Z (KYLZZLK\

-9(5h(0:05:;(33(;065+,;@7,:730;6\[PSZUtJLZZHPYLZWV\YSPUZ[HSSH[PVU 1H\NLKLUP]LH\ ;V\YUL]PZ 7LYJL\ZLtSLJ[YPX\L -VYL\ZL

 ^^^LSLJ[YVS\_JVT ^^^LSLJ[YVS\_JVT+LZJYPW[PVUKLSHWWHYLPS9,4(98<,;V\[LZSLZWOV[VZKLJLTHU\LSZVU[MV\YUPLZn[P[YLPUKPJH[PM

-9(5h(0:3PL\KPUZ[HSSH[PVU 5PUZ[HSSLaWHZSHWWHYLPSKHUZKLZaVULZH]LJ!¶ KLZZV\YJLZKLMVY[LJOHSL\Y¶ KLZ]HWL\YZV\KLZNHaPUÅHTTH

 ^^^LSLJ[YVS\_JVT0UZ[HSSH[PVUKLStStTLU[PU[tYPL\Y0UZ[HSSH[PVUKLSHWSHX\LKLTVU[HNL 0UZ[HSSLaSHWSHX\LKLTVU[HNLLUWVZP[PVUOVYPaV

-9(5h(0:7LYsHNLK\[YV\KL  [\`H\[LYPL 0UJSPULaSL[YV\KL[\`H\[LYPLTTZ\YSLT\YStNuYLTLU[]LYZSLIHZK\J[tL_[tYPL\Y

 ^^^LSLJ[YVS\_JVT 9HJJVYKLTLU[JoIStKLStStTLU[PU[tYPL\Y-PN-PN(;;,5;065=tYPÄLaSLJoISHNLWV\Y]V\ZHZZ\YLYX\PSU`HP[H\J\U

 -9(5h(0:+tWSHJLaL[H[[HJOLaSL[\`H\Kt]HJ\H[PVUnSHJVUK\P[LnSHPKLKLY\IHUHKOtZPML[KHUZSHWVZP[PVUTLU[PVUUtLZ\YSH-PNJPKLZZ\Z-

 ^^^LSLJ[YVS\_JVT*VYYLJ[+PZWVZHSVM[OPZWYVK\J[;OPZTHYRPUNPUKPJH[LZ[OH[[OPZWYVK\J[ZOV\SKUV[ILKPZWVZLK^P[OV[OLYOV\ZLOVSK^HZ[LZ

 ^^^LSLJ[YVS\_JVT05:;(33(;065+,;@7,*(9;6<*/,0UZ[HSSH[PVUKLStStTLU[PU[tYPL\Y -HP[LZWHZZLYSH[\`H\[LYPLn[YH]LYZSLT\Y

-9(5h(0:([[HJOLK\[\`H\KLZVY[PLLUVW[PVU 9HJJVYKKL]PKHUNL .HIHYP[KLTVU[HNLLUVW[PVU  .HPULKPUZVUVYPZH[PVUKPZVSH[PVULUVW

 ^^^LSLJ[YVS\_JVT +t[LYTPULaSLZSVUN\L\YZL[SLZZVY[PLZK\[\`H\KLYHJJVYKLTLU[K\[\`H\Kt]HJ\H[PVUL[KLZJoISLZ 7V\YtX\PSPIYLYSLW

-9(5h(0:4HPZVUZL[WSHMVUKZYtJLU[Z +HUZSLJHZK\ULJVUZ[Y\J[PVUYtJLU[LSLJYVJOL[WL\[v[YLPUZtYtnSH]HUJLYLWVY[La]V\ZH\_PUZ[Y\J[PV

 ^^^LSLJ[YVS\_JVT 9tNSLaStNuYLTLU[SLWHUULH\WV\YHQ\Z[LYZVUTPSPL\WHYYHWWVY[H\TPSPL\KLSV\]LY[\YLK\WSHMVUK(ZZ\YLa]V\ZX\LSLZJ

-9(5h(0:iJV\SLTLU[KLSHWVTWLnLH\3HOH\[L\YKLSL]HNLTH_PTHSLLZ[KLTT-PN0UZ[HSSH[PVUK\[\`H\  Kt]HJ\H[PVU 7YPUJPWL

 ^^^LSLJ[YVS\_JVT 9tNSHNLK\[\`H\KLH\ :PStStTLU[PU[tYPL\YKPZWVZLK\ULWYLZZPVUZ[H[PX\LtSL]tLZHUZWVTWLnLH\WV\YtSL]LYSLH\KL

-9(5h(0:05:;(33(;065+,;@7,*65+<0;(JJLZZVPYL5V 5VT 8[t;\`H\KPZVSH[PVULUVW[PVU;tStJVTTHUKL .YHUKLYVUKLSSLLUVW[PVU)HUK

 ^^^LSLJ[YVS\_JVT ,ZWHJLZ\MÄZHTTLU[NYHUKWV\YSPUZ[HSSH[PVUL[SLU[YL[PLU 7SHMVUKOVYPaVU[HSWV\]HU[Z\WWVY[LYSLWVPKZKLStStTLU[PU[

 -9(5h(0:;HPSSLK\[\`H\KHYYP]tLKHPY;HPSSLKLSV\]LY[\YLKLSH]LU[PSH[PVUKLZJLUZPVUULSSL;HPSSLK\JYVJOL[KLTVU[HNL+PTLUZPVU+PTLUZPVUZL_[tY

 ^^^LSLJ[YVS\_JVT7SLHZLÄUK[OL,SLJ[YVS\_^LIHKKYLZZLZ[V`V\YSVJHSJV\U[Y`MYVTILSV^[HISL*V\U[Y` >LIZP[LHKKYLZZ*V\U[Y` >LIZP[LHKKY

 ^^^LSLJ[YVS\_JVT:[Y\J[\YLLUIVPZ7VZLa\UIVPZZ\YSLZWV\[YLZL[PUZ[HSSLaSLZIV\SVUZ-PN)YPX\LZLUIt[VUKVYPNPUL0UZ[HSSLaSLJYVJOL[KL

-9(5h(0: *VSSLaSLQVPU[tWVUNLMV\YUPJVTTLPUKPX\tZ\YSLZJOtTHZ\P]HU[W\PZTVKPÄLaSLZWVZP[PVUZKLTVU[HNLK\WHUULH\K\YL[V\YKHPYL[

 ^^^LSLJ[YVS\_JVT-PN-PN-PN-PN0UZ[Y\J[PVUZWV\YSLZHJJLZZVPYLZKPUZ[HSSH[PVUK\JVUK\P[*VUJLW[PVUK\JVUK\P[7YtWHYLaSLJVU

-9(5h(0:*OVP_K\ULTWSHJLTLU[ *VUZLY]LaSLZKPZ[HUJLZKPUZ[HSSH[PVUTPUPTHSLZZWtJPÄtLZKHUZJLKVJ\TLU[ 5VIZ[Y\LaWHZSLU[YtLUPSHZ

 ^^^LSLJ[YVS\_JVT-PN9HJJVYKLTLU[K\[\`H\YtMYPNtYHU[;YH]HPSKt]HZHNL,UNtUtYHSSLZM\P[LZKLYtMYPNtYHU[ZVU[K\LZn\UKtMH\[K

-9(5h(0:+PHTu[YLL_[tYPL\YTT(TT4H_ 4PUø  ø   ø  :LYYHNLK\YHJJVYKLTLU[ (SPNULaSLJLU[YLKLZ[\`H\_ :L

 ^^^LSLJ[YVS\_JVT9tNSLTLU[H[PVUZKLZtJ\YP[ttSLJ[YPX\LWV\YSPUZ[HSSH[PVUPUP[PHSL ,UJHZKLNYH]LZWYVISuTLZKLZtJ\YP[tSPtZnSHSPTLU[H

-9(5h(0: 0ZVSLaSLZJVYKVUZPU\[PSPZtZJVUK\J[L\YZH]LJK\Y\IHULU7=*HÄUX\PSZUL[V\JOLU[H\J\ULWHY[PLLUTt[HSV\tSLJ[YPX\L7V\YSLZJ

 ^^^LSLJ[YVS\_JVTLNL(A) N(A) S(A)NSLNSLNSLNSLS(B) L(D) N(D) S(D)L(C) N(C) S(C)L(B) N(B)LNL(A) N(A) S(A)W)L(1)N(2SW)L(1)N(2S W)L(1)N(2SW)L(1)N(2SS

 -9(5h(0:LNL(A) N(A) S(A)L N SL N SL N SL(C)N(C)S(C)L(D)N(D)S(D)L N SL(B)N(B)S(B)L N SL(E)N(E)S(E)LNL(A) N(A) S(A)W)L(1S2(N)W)L(1S2(N)W)L(1S2(N)W)L(

,5.30:/:730;;@7,05:;(33(;065;VVSZULLKZMVYPUZ[HSSH[PVU 3L]LSNH\NL :JYL^KYP]LY ,SLJ[YPJKYPSS /VSLJVYLKYPSS¥TT¥TT

 ^^^LSLJ[YVS\_JVT<ULMVPZSLZJVUKP[PVUZJPKLZZ\ZJVUÄYTtLZWYtWHYLaSLJoISHNLJVTTLZ\P[! (ZZ\YLa]V\ZKL[V\QV\YZKPZWVZLYK\UJPYJ\

-9(5h(0: 3VYZX\L]V\ZKtWSHJLaSHWWHYLPSLMMLJ[\La\UL]PKHUNLnSHPKLKLSHWVTWLn]PKL (ZZ\YLa]V\ZX\LSLYtMYPNtYHU[HQV\[tKHUZSLJS

 ^^^LSLJ[YVS\_JVT*VU[YSLKLSHZtJ\YP[tL[KLZM\P[LZ*VU[YSLKLSHZtJ\YP[ttSLJ[YPX\L(WYuZH]VPY[LYTPUtSPUZ[HSSH[PVU]tYPÄLaSHZtJ\YP

-9(5h(0: 3VYZX\LSH[LTWtYH[\YLHTIPHU[LLZ[[YVWMHPISLPUMtYPL\YLn*PSLZ[PTWVZZPISLKLJVU[YSLYSHWWHYLPSnSHPKLKLSH[tStJVTT

ȂǼīȃȍȂȅȃǹȉǿȈǹȃǹīȀǼȈȈǹȈȈĮȢİȣȤĮȡȚıIJȠȪȝİʌȠȣİȝʌȚıIJİȣIJȒțĮIJİIJȘȞ(OHFWUROX[ȖȚĮIJȘȞĮȖȠȡȐıĮȢȉȠʌȡȠȧȩȞʌȠȣİʌȚȜȑȟĮIJİİȓȞĮȚĮʌȠIJȑȜİıȝĮIJȘȢʌȠȜȣİIJȠȪȢ

ǼȁȁǾȃǿȀǹǻȚĮȕȐıIJİʌȡȠıİțIJȚțȐIJȠİȖȤİȚȡȓįȚȠʌȡȚȞȤȡȘıȚȝȠʌȠȚȒ-ıİIJİIJȠțȜȚȝĮIJȚıIJȚțȩ ĭȣȜȐȟIJİIJȠİȖȤİȚȡȓįȚȠȖȚĮȝİȜȜȠȞIJȚțȒĮȞĮijȠȡȐ ȈİʌİȡȓʌIJȦıȘ

 ZZZHOHFWUROX[FRP ȉĮʌĮȚįȚȐįİȞʌȡȑʌİȚȞĮʌĮȓȗȠȣȞȝİIJȘıȣıțİȣȒȂȘȞĮijȒȞİIJİʌĮȚįȚȐȤȦȡȓȢİʌȓȕȜİȥȘȞĮțĮșĮȡȓȗȠȣȞIJȘıȣıțİȣȒțĮȚȞĮʌȡĮȖȝĮIJȠ-ʌȠȚ

ǼȁȁǾȃǿȀǹȈȦıIJȒĮʌȩȡȡȚȥȘIJȠȣʌȡȠȧȩȞIJȠȢǹȣIJȒȘıȒȝĮȞıȘȣʌȠ-įİȚțȞȪİȚȩIJȚıIJȚȢȤȫȡİȢIJȘȢǼǼIJȠʌȡȠȧȩȞįİȞʌȡȑʌİȚȞĮĮʌȠȡȡȓʌIJİ-IJĮȚȝĮȗȓȝİȐȜȜĮȠȚț

 ZZZHOHFWUROX[FRPǺȡİȓIJİIJȚȢįȚİȣșȪȞıİȚȢIJȘȢ(OHFWUROX[ȖȚĮIJȘȤȫȡĮıĮȢıIJȠȞʌĮȡĮțȐIJȦʌȓȞĮțĮȋȫȡĮ ǻȚİȪșȣȞıȘȚıIJȠ-IJȩʌȠȣȋȫȡĮ ǻȚİȪșȣȞıȘȚıIJȠ-IJȩʌȠȣǹȜȕ

ǼȁȁǾȃǿȀǹǼīȀǹȉǹȈȉǹȈǾȀȁǿȂǹȉǿȈȉǿȀȅȊǻǿǹǿȇȅȊȂǼȃȅȊȉȊȆȅȊǼȡȖĮȜİȓĮʌȠȣĮʌĮȚIJȠȪȞIJĮȚȖȚĮIJȘȞİȖțĮIJȐıIJĮıȘ ȂİIJȡȘIJȒȢıIJȐșȝȘȢ ȀĮIJıĮȕȓįȚ ǾȜİțIJ

 ^^^LSLJ[YVS\_JVT ^^^LSLJ[YVS\_JVT7YVK\J[KLZJYPW[PVU56;,(SS[OLWPJ[\YLZPU[OPZTHU\HSHYLMVYL_WSHUH[PVUW\YWVZLZVUS`;OLHJ[\HS

 ZZZHOHFWUROX[FRPȆİȡȚȖȡĮijȒʌȡȠȧȩȞIJȠȢȈǾȂǼǿȍȈǾǵȜİȢȠȚİȚțȩȞİȢıİĮȣIJȩIJȠİȖȤİȚȡȓįȚȠİȓȞĮȚȝȩȞȠȖȚĮıțȠʌȠȪȢİʌİȟȒȖȘıȘȢǾİıȦIJİȡȚțȒȝȠȞȐįĮʌȠ

ǼȁȁǾȃǿȀǹȋȫȡȠȢİȖțĮIJȐıIJĮıȘȢ ȂȘȞİȖțĮIJĮıIJȒıİIJİIJȘȝȠȞȐįĮıİȤȫȡȠȣȢȩʌȠȣȣʌȐȡȤȠȣȞ– ȚıȤȣȡȑȢʌȘȖȑȢșİȡȝȩIJȘIJĮȢ– ĮIJȝȠȓȒİȪijȜİțIJĮĮȑȡȚĮ– ȝȩȜȣȞ

 ZZZHOHFWUROX[FRPǼȖțĮIJȐıIJĮıȘİıȦIJİȡȚțȒȢȝȠȞȐįĮȢǼȖțĮIJȐıIJĮıȘIJȘȢȕȐıȘȢıIJȒȡȚȟȘȢ ȉȠʌȠșİIJȒıIJİIJȘȕȐıȘıIJȒȡȚȟȘȢȠȡȚȗȩȞIJȚĮıIJĮįȠȝȚțȐȝȑȡȘIJȠȣ

ǼȁȁǾȃǿȀǹDZȞȠȚȖȝĮȠʌȒȢıȦȜȒȞȦıȘȢ ǹȞȠȓȟIJİIJȘȞȠʌȒıȦȜȒȞȦıȘȢPPıIJȠȞIJȠȓȤȠȝİİȜĮijȡȚȐțȜȓıȘʌȡȠȢIJĮțȐIJȦʌȡȠȢIJȘȞİȟȦIJİȡȚțȒʌȜİȣȡȐ ȉȠ

 ZZZHOHFWUROX[FRPȈȪȞįİıȘțĮȜȦįȓȦıȘȢIJȘȢİıȦIJİȡȚțȒȢȝȠȞȐįĮȢǼȚțǼȚțȆȇȅȈȅȋǾǼȜȑȖȟIJİIJȘȞțĮȜȦįȓȦıȘȖȚĮȞĮȕİȕĮȚȦ-șİȓIJİȩIJȚįİȞȣʌȐȡȤİȚȕȡ

ǼȁȁǾȃǿȀǹǼȚțǼȚțǼȚț ȈIJİȡİȫıIJİțĮȜȐȝİIJĮȚȞȓĮIJȠıȦȜȒ-ȞĮIJȠțĮȜȫįȚȠıȪȞįİıȘȢțĮȚIJȠȞİȪțĮȝʌIJȠıȦȜȒȞĮĮʌȠıIJȡȐȖȖȚıȘȢȠȝȠȚȩȝȠȡijĮȩʌȦȢȣʌȠį

 ZZZHOHFWUROX[FRPǼīȀǹȉǹȈȉǹȈǾȀȁǿȂǹȉǿȈȉǿȀȅȊȉȊȆȅȊȀǹȈǼȉǹȈǼȖțĮIJȐıIJĮıȘİıȦIJİȡȚțȒȢȝȠȞȐįĮȢ ȆİȡȐıIJİIJȘıȦȜȒȞȦıȘȝȑıĮĮʌȩIJȘȞȠʌȒIJȠȣIJȠȓȤȠ

ǼȁȁǾȃǿȀǹDzȞȦıȘĮʌȠıIJȡȐȖȖȚıȘȢ 1ȋĮȡIJȩȞȚIJȠʌȠșȑIJȘıȘȢʌȡȠĮȚȡİIJȚțȩ 1ǼʌȑȞįȣıȘȘȤȠȝȩȞȦıȘȢȝȩȞȦıȘȢʌȡȠĮȚȡİIJȚțȩ 1ǻĮțIJȪȜȚȠȢıIJİȖĮȞȠʌȠȓȘıȘȢʌȡȠĮȚȡİIJȚțȩ 1

 ZZZHOHFWUROX[FRP īȚĮIJȘȞĮȞIJȚıIJȐșȝȚıȘIJȠȣȕȐȡȠȣȢțĮȚIJȘȞĮʌȠijȣȖȒțȡĮįĮıȝȫȞİȞȚıȤȪıIJİIJȘȞȠȡȠ-ijȒİȐȞİȓȞĮȚĮʌĮȡĮȓIJȘIJȠ ǼʌȚȜȑȟIJİIJȘșȑıȘIJȦ

ǼȁȁǾȃǿȀǹȃİȩįȝȘIJİȢțĮIJȠȚțȓİȢțĮȚȠȡȠijȑȢ ȈİȞİȩįȝȘIJİȢțĮIJȠȚțȓİȢIJȠȐȖțȚıIJȡȠȝʌȠȡİȓȞĮʌĮțIJȦșİȓİțIJȦȞʌȡȠIJȑȡȦȞǹȞĮIJȡȑȟIJİıIJȚȢȠįȘȖȓİȢİȖțĮIJȐıIJĮı

,5.30:/0UZ[HSSH[PVUZP[L +VUV[PUZ[HSS[OL\UP[PUHYLHZ^P[O!¶ Z[YVUNOLH[ZV\YJLZ"¶ ]HWV\YZVYÅHTTHISLNHZZLZ"¶ JVU[HTPUH[PVU

 ZZZHOHFWUROX[FRP ȈȣȞİȤȓıIJİȞĮıijȓȖȖİIJİIJȚȢȕȓįİȢțȐIJȦĮʌȩIJĮȐȖțȚıIJȡĮIJȠȣʌȜĮȚıȓȠȣȑȦȢȩIJȠȣIJȠʌȐȤȠȢIJȠȣıʌȩȖȖȠȣĮȞȐȝİıĮıIJȠıȫȝĮțĮȚIJȘȞȑȟ

ǼȁȁǾȃǿȀǹǹʌȠıIJȡȐȖȖȚıȘĮȞIJȜȓĮȢȞİȡȠȪȉȠȝȑȖȚıIJȠȪȥȠȢĮȞȪȥȦıȘȢİȓȞĮȚPPǼȚțǼȖțĮIJȐıIJĮıȘIJȠȣıȦȜȒȞĮĮʌȠıIJȡȐȖȖȚıȘȢ ǺĮıȚțȑȢĮȡȤȑȢȖȚĮ

 ZZZHOHFWUROX[FRP ȇȪșȝȚıȘıȦȜȒȞĮĮʌȠșȒțİȣıȘȢȞİȡȠȪ ǼȐȞȘİıȦIJİȡȚțȒȝȠȞȐįĮȑȤİȚȣʌİȡȕȠȜȚ-țȐȣȥȘȜȒıIJĮIJȚțȒʌȓİıȘțĮȚįİȞȣʌȐȡ-ȤİȚĮȞIJȜȓĮȞİȡȠȪ

ǼȁȁǾȃǿȀǹǼīȀǹȉǹȈȉǹȈǾȉȊȆȅȊǹīȍīȅȊǼȟȐȡIJȘȝĮǹȇ ȅȞȠȝĮıȓĮ ȆȠıȩIJȘIJĮȂȠȞȦIJȚțȩȢıȦȜȒȞĮȢʌȡȠĮȚȡİIJȚțȩȉȘȜİȤİȚȡȚıIJȒȡȚȠ 1ȂİȖȐȜȘȡȠįȑȜĮʌȡȠĮȚȡİIJȚțȩ8ȉ

 ZZZHOHFWUROX[FRP ǾİȓıȠįȠȢțĮȚȘȑȟȠįȠȢĮȑȡĮįİȞʌĮȡİȝʌȠ-įȓȗȠȞIJĮȚțĮȚįİȞİʌȘȡİȐȗȠȞIJĮȚıİȝİȖȐȜȠȕĮșȝȩĮʌȩIJȠȞİȟȦIJİȡȚțȩĮȑȡĮ ǾȡȠȒIJȠȣĮȑȡ

ǼȁȁǾȃǿȀǹȂȑȖİșȠȢİȚıȩįȠȣĮȑȡĮȂȑȖİșȠȢșȑıȘȢIJȠȣĮȞȠȓȖȝĮIJȠȢțĮșȠįȚțȠȪİȟĮİȡȚıȝȠȪȂȑȖİșȠȢIJȠʌȠșİIJȘȝȑȞȠȣĮȖțȓıIJȡȠȣǻȚĮıIJȐıİȚȢǻȚȐıIJĮıȘʌİȡȚȖȡȐȝȝĮIJȠȢȂȑȖİșȠȢ

 ZZZHOHFWUROX[FRPȄȪȜȚȞȘțĮIJĮıțİȣȒȉȠʌȠșİIJȒıIJİȑȞĮțĮįȡȩȞȚĮȞȐȝİıĮıIJȚȢįȠ-țȠȪȢțĮȚIJȠʌȠșİIJȒıIJİIJĮȝʌȠȣȜȩȞȚĮǼȚțȊijȚıIJȐȝİȞȘʌȜȐțĮĮʌȩıțȣȡȩįİȝĮȉ

ǼȁȁǾȃǿȀǹ ȀȠȜȜȒıIJİIJȠȞʌȡȠıĮȡIJȘȝȑȞȠıʌȩȖȖȠıIJİȖĮȞȠʌȠȓȘıȘȢȩʌȦȢȣʌȠįİȚțȞȪİIJĮȚıIJȘȞʌĮȡĮțȐIJȦİȚțȩȞĮțĮȚıIJȘıȣȞȑȤİȚĮĮȜȜȐȟIJİIJȚȢșȑıİȚȢıIJȒȡȚȟȘȢ

 ZZZHOHFWUROX[FRPǼȚțǼȚțǼȚțǼȚțȅįȘȖȓİȢȖȚĮIJĮİȟĮȡIJȒȝĮIJĮİȖțĮIJȐıIJĮıȘȢĮȖȦȖȠȪȈȤİįȓĮıȘĮȖȦȖȠȪȉȠȝȒțȠȢIJȠȣĮȖȦȖȠȪʌȡȑʌİȚȞĮİȓȞĮȚ

ǼȁȁǾȃǿȀǹǼʌȚȜȠȖȒșȑıȘȢ ȉȘȡȒıIJİIJȚȢİȜȐȤȚıIJİȢĮʌȠıIJȐıİȚȢİȖțĮ-IJȐıIJĮıȘȢʌȠȣĮȞĮijȑȡȠȞIJĮȚıIJȠʌĮȡȩȞİȖȤİȚȡȓįȚȠ ȂȘȞijȡȐȗİIJİIJȘȞİȓıȠįȠȒIJȘȞȑȟȠ