Nie.13.2011.PDF-iNTERnet.pdf

(3884 KB) Pobierz
untitled
$%# %%%%
$%"%%"##
!$$!%% $!
%%#""
!""!"" ""!"!" "" " "!"" "
!"""!"!"!"!"""!"!"!" "" "" "
!"" " ""!""" """ ""
">B71A=B4AB AB;@AB >B:A4B 4@?B;/-?
5<@A1AB=@AB2@B"@#B=A 0&B74/.B 6<AB7A6)
,58B "@#B 73;AB:>B:A1>B ;<&B58*B ,1>7B 3>+
71A=B4@B0@B6<81B7@(B3;<8 >%B7AB5<AB=@/B;A5
=A5B<>;B6<86)B: 73!1B4A6)B74A;B%/B3A+
79:A*B 49!B;?B =A 0&B74/B 2>'B=AB 0@B6<8
=A 4>B38.B<@ B9?'B-?-B:318:B=A ,>B73>+
5A;B4(B -?79B =@?B2A18*B 6)>B =@?B4>B=@?6<+
=@?B5>98B6<8B@;2B3AB79:>B:86).
8B6)A6)B 5<@A1AB 0&B74AB @?1B5A
:@A9>B:A.B>B;<8B79A-&B< =@?-B4:@AB6@A;+
=@?B 3>1/B5=@>B:?-B ">0B74@*B 6A1AB 3!1B=>6
<?6)B@ 3!1B#1>B:AB6-@.B@?1B5&B<AB;<&B5<A
@;B2AB#8B=?;B,@AB=A0?B'&B6AB5> 8B7<A;B5A
>B79?0?6B4@?B,>.B?B;?=B: 6<(B 6@B=A0?B'8
5> 2@AB79A.
B ;.B 8B6)8B >,1>B7@18B 3;<?9A;,
=A +0?9B=@&B 5<@?;B'AB:(B 9?B,>B 9?B;?B=/.
";<?9A;,B :8B,;A1AB :1AB =@?B #8B=?;B,@A*
6)>B6@A'B <AB3;>B3>B=>B:A1AB =A-B=@'B7<8
6<8=7<.B/5B9?=B/5A1B7@(B3AB=/B>B79?+
0?6B4@?B2/*B ,58'B <AB5?B40AB;>B:A1*B '?
: 6<AB7@?B3@?;:B7<86)B5:!6)B0A9B5<@?;+
'AB:8B3>B:79AB=&B9/B@=B:?B798B6-?B> :A;9>+
6@ B20=B<1.B@?B3>B:79A18.B #&'$!'
"#&' %$'$' %' #' #"'!&' %'!$' ! %' %
$ !$'# '%''%'%' &'! #"'"&''
&''#"'!&' %'!$'#$'#&'&"'&' &"
"$ !$' "% $B 5>B=>B7@1AB =@?B5A:B=>B 0>+
4A0B=AB3;AB7A.
2>B:(B 2@(B5<8B /;<(B5?2B 2@AB79A
A @;B2&B#8B=?;B,@AB4>=9;>0>B:A1AB?B,@>+
=A0B=AB<%AB%B;AB6)/=B4>B:AB: A9>B:@+
6A6).B 4AB<A1>B 7@(*B '?B 6)>B #8B=?;B,@A
<>B%>B:@&B<A1AB 7@(B 5> <AB31A98B 6<8=B7</
<A *B;>B4/B< ,!B;8*B9?B,>B:AB;/=B4/B9?'
=@?B5>9;<8B2A1A.B>=9;>0?B;<8BB:8+
94=(0@B ;!:B=@?'B 2AB,@B79;A9>B:@*B '?
: /2>B:@?B5<@?;B'AB:8B<AB%;AB41>B<AB3@B7/
> +2@0@>B=>B:86)B@=B:?B798B6-A6).
$B 3;<?B6@?'B980B4>B50A9?B,>B@;B2AB#8+
=?;B,@AB :8B,;A1AB 9?=B 3;<?9A;,.B <=A0@+
28B:@(6*B'?B73;AB:(B3>B:@=B=AB<%AB5A
3;>B4/B;A9/B;AB $B 2!B:@B AB;@>0AB #</06*
3;<?B:>5B=@B6<&B6AB"0A9B >;B28B%8B:A9?0+
74@?-B: 8B6)A6).
";>B4/B;A9>;B;?->B=>B:8B: )>B;<>B:@?
=B5;<?-B #@B4>B;AB 3>@=B >;B2>B:A1B 2=@?*
'?B-?B7@?B=@&B<?B7<1?B,>B;>B4/B 0?5<9:>B<>+
79A1>B /2>B;<>B=?.B ";>B:AB5<&B6AB -?B 3AB=@
3;>B4/B;A9>;B /<=A1A*B '?B $' &' #$'%'!%'
%'!' "#&' %' !$' $' "$ &'"%' "$ '"&
!#&' &'"#&'&'%%''%'&'' '&'&''
&'' &' $'!&' #%'"%'!$'"&' %' $' ' &
' #$' $' ''"#&'# #$' '!#$'%'
%' $' ' &' &'%' ' ' !%' &
$!'"#&'"#$' ' "#&'%'&'"#' ' !%#
%%'!# '! .
B ;.B >B79?0?6B4@B <:;!B6@1B 7@(
5> :1A5<B2@AB79AB< 3;>B3>B<8B6-&B<AB4/B3/
5<@?;B'AB:@>B=?-B 5<@A1B4@.B 5B3>B:@?5B=@
:=@>B7?4B3>-AB:@1B7@(B:@(6B=A 7?B7-@B;AB58
2@AB79A.B">-AB:@1B7@(B@ 3;<?B3A51.B@(4+
7<> B;A5B=86)B/:AB'A1AB%>B:@?2*B'?B#8+
=?;B,@AB =@?B :8B:@&B<A1AB 7@(B < /2>B:8
5<@?;B'AB:8.
"> ;>B4/B9AB7AB2AB73;AB:AB3>B=>:B=@?
9;AB @1AB=A 7?B7-(B;AB58.B82B;AB<?2B;A5B=@
3>5-(0@B/6):A1(B4>B;<879B=&B50AB>B79?+
0?6B4@?B,>.B AB5?B68B5>B:A1B -?B5?=B ,1>7.
#8B=?;B,@AB2AB3;AB:>B%?<B3;<?9A;B,/B=A+
%8B =@?B;/B6)>B2> B 5<@?;B'AB:@>B=&
>5 2@AB79A.B";>-?49B/6):A18B> :8B;AB'?+
=@/B <,>B58B =A 73;<?B5A'B 9?B,>B 9?B;?B=/
: 9<:.B 9;8B%@?B %?<B3;<?9A;B,>B:82
3;<?5B79AB:@1B ;AB5<@?B ?B;<8B #@?B=@6B4@*
;A5B=8B "@#*B 6<1>B=?4B <AB;<&B5/B >4;(B,>+
:?B,>B9?-B3A;9@@B: A9>B:@B6A6)B@ =@?B5>+
7<18B 3>B7?1.B ;>B%@1B 9>B : 6<AB7@?B ,58
9;:A1>B 0?5<9:>.
@0B4AB 5=@B 3;<?5 ;><B79;<8B,A-&B682
,1>B7>B:AB=@?2B: %@/B;<?B3>B7?0B74@2BA+
;@@B >B:A4B >5B%81>B 7@(B 3>B7@?B5<?B=@?
0/B%/B A5B=86)B "@#.B AB6)>B:A1AB 7@(
=>9A9B4AB>3@B7/-&B6AB3;<?B%@?,B73>94AB=@A.
9>B=A-@79>9B=@?-B7<?B-?-B;A,B2?=98
6<?79B=@B68
AB;@AB >B:A4B $B 3>B71A=B4AB =A #?-2
"*B 3;?B<?7B <AB;<&B5/B >4;(B,>B:?B,>B "@#
: A9>B:@B6A6)*
AB2@A=B@?;0AB$B3?1B=>B2>6B=@4B"@#
: 8B6)A6)*
?B;<8B #@?B=@6B4@B $B ;A5B=8B "@#*B 7<?
0/B%/BA5B=86)B"@#*
;<?B,>;<B>1>B5<@?-B6<84B$B;A5B=8B"@#*
AB6?4B;>B<>:B74@B$B;A5B=8B"@#*
;<87<9>B>2B6<84B$B;A5B=8B"@#*
8B7<A;5B >B79?0?6B4@B $B 3;8B:A9B=8
3;<?5B7@(B%@>;B6A*B :1AB 6@B6@?0B @;B28B #8+
=?;B,@A*B >3?B;A9>;B 0&B74@?-B @?1B58
:@A9>B:?-*
>,B5A=B@A1>B:&7B$B6<1>B=?4B4>B2@9?+
9/B "@#B : 8B6)A6)*B 3;?B<?7B 2@?-B74@?-
73!1B4@B;!5B2@?B 6@?.
$B @9A2B 4>0?+
,!:.B=@?-B:@(B6?-B:@?2*B> 6>B6)>B5<@.
>B 5>B%;<?.B A B ,>B5<@B=8B 2/B7<(B %8
=A 73>94AB=@/B : )>B;<>B:@?.B ";>B7<(
:@(6B 980B4>B > 4;!9B4@?B 3;<?5B79AB:@?B=@?
A;B,/B2?=9!:B3;<?B6@:B4>B/6):A0?B;A5+
=?B,>B#@?B=@6B4@?B,>.
$B"AB=@B3>+
7?1.B ,1AB7<AB28B <5?B68B5>B:AB=8B 73;<?+
6@:.B";>-?49B: 9A4B40/B6<>B:?-B50AB2@A+
79AB73;AB:@?B=@?B<>B79A1B74>=B7/09>B:AB=8
A=@B< 4>B2@9?9?2*BA=@B< 40/B%?2B"@#.
$B0?B4>0?B,AB<,1>+
7@1B9?=B3;>-?49B-AB4>B>7>B%AB@B<86<B=A.
$B@B2>B:7<879B4>*B4>+
0?B,AB#@?B=@6B4@B3>B:@B=@?=B,>B74>=B7/09>+
:A.B?79B3;<?B6@?'B;A5B=82B"@#*BA =@?
=@?B<A0?'B=82.B ";<?B6@?'B :@?B28B :7<8+
768*B '?B 3;>B4/B;A9/B;AB 3;>B:AB5<@B 5>B6)>+
5<?B=@?B: 73;AB:@?B3;<?9A;B,/B@ /2>B:8
=A 5<@?;B'AB:(.
$B >0?B5<8*B 5>B6)>B5<?B=@?
-?79B: 73;AB:@?*BA =@?B3;<?B6@:B#8B=?;B,@@.
$B /B 7&
5>B4/B2?=98.B 2>B:AB < #8B=?;B,@&
@ :8B79&B3@?B=@?B.BAB3>B<=A-B6@?B7@(
< =@B2@.
$BAB4@?B2AB6@?B<A+
;</98
$B "A=B >B79?0?6B4@B =@?
:8B:@&B<A1B7@(B< /2>B:8*B=@?B31AB6@1B980?*
@0?B3>B:@B=@?=B6<8=B7</*B=@?B<A@=B:?B79>+
:A1B5?B40AB;>B:AB=86) B20=B<1.
$B>*BA0?B6<8B3>+
79(B3>B:AB=@?B 3;>B:AB5<>B=?B -?79B : 73;A+
:@?*B6<8B3;<?B6@:B4>
$B 73;AB:@?.
$B>B9>B5> 3>B79A+
:@?B=@AB4>B2/ B<AB;</9!:B-?79B-?7<B6<?B5A0?+
4>.B">B:9AB;<A2B:@(6B2>-?B389AB=@?BAB4@?
2AB6@?B<AB;</98B3;<?B6@:B4>B9?-B/6):A0?
$B #4>B;>B 3;<?9A;,
%81B: B;.*B9>B7&B%A;B5<>B79AB;?B;<?B6<8.
$B?5B=A4B@;B2AB#8B=?;+
,@AB :8B,;A1AB 2@B2>B <AB5?B40AB;>B:AB=@A
=A-B=@'B7<?B,>B 6<8=B7</.B ";<?B:AB'81A
>%@?9B=@B6AB<A@=B:?B79>B:AB=@A B20=B<1.
$B >B 4>0?B5<8
6)6&B3>5B:AB'ABAB4@B-?79B7?=7B:;AB6A+
=@AB5> 9AB4@?-B79AB;?-B73;AB:8
$B >B3@?B;>B =@?B5A:B=>
>4AB<A1>B7@(*B'?B9?B3@?B=@&B5<?B=@?B<>B79A18
<A@=B:?B79>B:AB=?.
$B/B7<(B:8B;AB<@
'A0*B'?B=@?B2AB9/B< =AB2@B3AB=AB>B79?0?6+
4@?B,>.B !,1B%8B =A :@?0?B 389AB >5B3>+
:@?B5<@?.
$B/'B5> =@?B,>B5<:>B=@(.
$B58B%8B=@?B5?B40AB;>B:A+
=AB@=B:?B798B6-A*B9>B9?=B3;<?9A;,B:8B,;A1+
%8B49> B@=B=8.
$B @?B4AB:?*B '?
49> B6)6?B:1>B'8 B20=B<1B: 5<@?;B'A+
:@>B=8B,;/=9*B%A;B5<>B6@?B4AB:?.
$B>B3;<?B6@?'B>=B7A2
7@(B5> 9?B,>B<>B%>B:@&B<A1.
$B?B 0@B#8B=?;B,@A
=@?B <A@=B:?B79>B:A1AB 986) B 20=*B 9>
=@?6)B -&B 7&B5<@B 2@AB79>.B =@?B 6)>B5<@
> 4/3B6!:.BAB4&B2AB28B3;>B3>B<8B6-(B50A
986)*B49!B;<8B9A2B)A=B50/-&
$B ";>B7<(B 3AB79:A*B <,A+
5<A-&6B7@(B=A 9AB4&B/6):A1(*B5<@A1A0@B%8+
28B =A 7<4>B5(B 2@AB79A.B 5B5A-?B28
,;/=9B 79;A9?B,@6<B=8B 5<@?;B'A:B68*B 49!B;8
=@?B:8B:@&B<A1B7@(B<?B<>B%>B:@&B<A.
A >%B;AB58B<>B79A-?B9?0?B >B=@6<B=@?B:?+
<:AB=8B 7<?B #8B=?;B,@@.B "> B 2@B=/9A6)
>5 9?0?B >B=/B :6)>B5<@B 8B7<A;5B >B79?+
0?6B4@.
$B:A-B;A5B=@B79A+
:@A-&B3AB=/B<AB;</98.B";>B7<(*B'?B%8B3A=
:8-AB =@1B=A2B;!'B=?B4:?B79@?.
$B >-AB @;B2AB :?B7<1A
=A 9?B;?=B ,@?1B58B < >3!B=@?B=@?2.B #9A=
9?6)B=@6<B=8B>%@?49!:B%81B<18.BAB31AB6@+
1?2B< >3!B=@?B=@?2*BA0?B< >5B7?9B4AB2@.
A@=B:?B79>B:A1?2B:@(B6?-B=@' B20=B<1*
6)>B=@?B: 9?B>%@?498*B49!B;?B79>-&B=A 9?+
;?B=@?B,2@B=8B$B%>B: /2>B:@?B5<@?;B'AB:8
=@?B2AB> 982B2>B:8.B :8*B5:A-B3AB=>+
:@?B;A5B=@*B9>B6)8B%AB-?B79?B 6@?B73;<8B2@?+
;<?B=@B< ".B?B 0@B2AB6@?B5>B%;86)B47@(+
,>B:86)*B 9>B =@?6)B 5> 2=@?B 3;<8-B5&.
#9AB:@A2B 5>B:>0B=&B @0> B A0B4>B)>0/*B '?
=@6B=@?B<=A-B5&.
$B <82B 7@(B 3A=B 9?B;A<
6):A0@B82*B'?B:8B79;86)B=&1B3A=B2@A+
79>B=A 5/5B4A
$BAB%A;B5<>B3;<?+
3;AB7<A2.B@B5<(*B'?B3AB=>B:@?B;A5B=@B=@?
;>B</B2@?-&B: >,!0?*B> 6>B9/B6)>B5<@.
$BB9:@?;B5<@*B'?B/2>+
:AB 5<@?;B'AB:8B 3>B:@=B=AB %8B <?B;:AB=A
< :@B=8B#8B=?;B,@@.B@?B2>B,&B%8B;!:B=@
@ ;!:B=@?-B7@.
$B @?B 3;<?B7A+
5<A-B28.
$B>B-AB<A 9AB4@?B73>94A+
=@?B5<@(B4/-(.
$B4/B;A9B=A 3;>+
:AB5<?B=@/B 5<@A1A0B=>B 6@B ,>B73>B5A;B6<?-
9;>B6)(B7@(B<=A2.B!-B78=B3;>B:AB5<@B9A+
4&B 5<@A1A0B=> .B AB=@2B <>B79A1A2B 3>+
71A=B4&*B7AB2AB9AB4&B5<@A1A0B=> B3;>B:A+
5<@1A2.B 8B:AB 9A4*B '?B =@?B <AB31AB6@B 7@(
510272234.047.png 510272234.048.png 510272234.049.png 510272234.050.png 510272234.001.png 510272234.002.png 510272234.003.png 510272234.004.png 510272234.005.png 510272234.006.png 510272234.007.png 510272234.008.png 510272234.009.png 510272234.010.png 510272234.011.png 510272234.012.png 510272234.013.png 510272234.014.png 510272234.015.png 510272234.016.png 510272234.017.png
 
DILG?L>ICBL)HL;HLDHELF@JLGKLEILBHLEK9
FEHL8.L<JIDELFG.L=FBKLE3L<HL9.LAGILCJI
?1LFGI8L -G@HL9?L #$JLAIDLF@JI8L -J9L ,HL4
EJIBDGLC?A0LJ H8LF@HLEIL2HLCLFB?LB=LB=
IL>?LA?LC?L HBLCJLAGI8L E K@KL>IL;J3
HBLCJLAG.5L ,DILG?L>ICBL BDHLF@KL FJ36L 1I
<HLEFBKL9KL E BICL F<HLF/7L K@KL>IL;JK
73L>GJIL FG@HL:J"L A?LEJ:LC?A0L <JL:HLB/E
J EH8LF@HLCJIL73L>GJIL;JKL9HLG CJI8L<HL4
AJILA0?5LH6LAHLFGAGIL2/:LCJILGKL7KELCI6
BHL$K@B6LJ1LCK FEHL8IL<JIDELFGILEILBH
<DILG?L>ICBLE?L7DK9L=FBKLE36L@B/LD.L<HL4
<KDL9H !L<HLF9/E6L7IGL1K>LCIL2HL29HL4
F=LF<DGILAJLE=5
* DHFGAGL;?LFJ3LH >HL7DHLEF</:LCI6
=CJL@KL8.ALCKL<J3"LJ 7IGL<9H>LC?A0LF<HL4
D/ELE -I8L;JILHDKGLCK CK8LE?1LFG?A0
FGAGIL7:KA0L E9KL>G?+L &L CKL<JLFKL:JL 7JL4
F@=L<JLE :JL%AJIL4DIL<D?L;ICL>GJIL>H EJIDL4
C?A0L CK H@HL:JAGLCH%"L 7ILKB?L$JL@KLA8J5
'KDL>GHL CK;L <DG?L<KL>9KL >H 2=LFB=
=1?LBKL<DGIGL7JLF@=L</EL$HDL;=L9KL*;?+
;?L E -I8L;JI6L ;?L CK CK8LE?1LFG?A0
FGAGIL7:KA0LE9KL>G?5 #> DKLG=LEJKL>HL4
;H6L@BHLB=LDG.L>GJ5L
7JILDGILFJ3LGK =@9KL>KLCJIL:JFB5
:JLFB?LE >K LF@=L;HL1ILE?L<K%"L;JL4
FBDG?LCJL%EJKLBKLE @JA@L47HLJCL2=6LK:L7HL4
EJI;L<DGIL2DKL9KL<DHLAIFLH E?L9=L>GIL4
CJI5 BHLH B?L:ILCJIL;JL9?6L1IL<DGI>L;JHL4
BI;LE?L9=L>GILCJKL8IFBL@KLFKLGK ;JIFGL4
@KLCJIL@HL;=LCK:LCI6L@B/LDIL=LGHELF@K
>HLFBKL9KLH> ;JKLFBKLE =GCKLCJ=LFEHLJA0
GKLF9=2L F<HDLBHLE?A0L J @B/DIL GKLDKG
F<DGIL>KL9K6LK BILDKGLBEJIDL>GJ6L1ILBHLCJIL4
<DKEL>K5LK BHL8IFBLFGKCLFK6L1ILCK :JL4
%AJILE 0HLDGHLEJILGK8L>GJILFJ3L):K=L4
>J=FGL-IL@HLJA6L2EJKGL>KL<JIDELFGI8
I>?LA8JL*'J2L'DHLB0ILDK+6LG GKLEHL>=L@=L4
A0KDG5L GJ3L@JL BIL;=L ,#L GKLA0HLEK
FE/8L<KLD?LBIBLAIL:IL7D?LB/E5
KL>K:L1?LE?L8IFBL@HCL$:J@BLE ,H:LFAI6
AHLIFBLK8LEK1LCJI8LFGK5L>K;L'JIL:KC
=:I29LE?LDG=LAILCJ=6LK:IL<HLCH"LH>LA0HL4
>G.A6LGKL7DK9LGILFHL7.L@HL>?L>H FBDHLC?
EEE5<H:LF@K8IFBLCK8LEKLGCJI8LFGK5<:
J BILDKGLEJILFGKLBK;LB?:L@HLFJIL7JI6LCK AH
:1L7JILBKL KL@=L7JK@L <HLF@KDL1?L9KL FJ3
>GJICLCJL@KLDGH;5LK BHLHLKCLCK ):=LGJ@L4
4HFBL@HELF@KL<DGI>LFBKLEJL9KLFBDKLBIL2J3
;KDL@ILBJCL2HLE.L FEHL8IL2HL =2D=L<HLEKL4
CJK6L@B/LDKLG>KL8ILFJ3LH<JILDK"LCK ;/L4
EJILCJ=6LJ1L29HLFHLEKLCJILCK ,LGKL7:HL4
@=L8ILEI8L%AJIL-L>H DG.L>=5L?:L@HL@BH
FJ36LCK 'HL2K6L7HJL-
KLDHLF9KEL)KLAG? LF@JLJ 'ILKBKL-G?L>9H
<HLFG:JLDKLGI;LCK GKL@=L<?5L)=L<JL:JLA=L@JID6
A0:I76L;.L@36L8K8L@KLJ @=DLAGKL@K5L,HLF9KCL4
AIL-GAG?L<J LF@JI8L;=LFJKL9HL7?"L7KDL>GH
<DG?L@DH5LKLDHLF9KEL)KLAG? LF@JLBHL8I>L4
CK@L;31LAG?LGCKLH BEKDL>?;LFIDLA=5
#L >IL7KLBHLEKL:JL 'K:LAILDHLEJAG
G HLFBHELF@J;5L HLFBHELF@JL ;/LEJ9
H HDGIAGLCJALBEJIL-.L>=LK8LE?1LFGIL2H6
'K:LAILDHLEJAGLH B?;6L1ILFHLA8KL:JG;L8IFB
>H>=L<?5LHLFBHELF@JLHEGDHL%AJIL>9=L2=
<=L7:JAGLCIL2H6L'K:LAILDHLEJAGLH :ILEJLAHL4
E?;L<HL<=L:JLG;JI5LKDLBHLDHGL;KLEJK"
>K;LKL9?FG6LAHLGKL@H LAG?9L@KLDJIL4
D3LJ BILDKGL;KL>=L1HLAGKLF=LCK ;?L%:IL4
CJI6L <HLEJIL>GJK9L E *,DGIL2:.L>GJI
-<HDLBHLE?;+6L1IL>GJLEJLFJ3L)KLAG? L4
F@JIL;=6L 1IL F@9KL>KL @EJKBL@J
<DGI> 7J=LDI;L )HL;HLDHELF@JIL2H6
K CJILCK 2DHL7JIL7DKLBK5L#> DKLG=LE?L4
<HLEJIL>GJK9L FJ3L CK BICL BIL;KBL FGI$
H<HLG?LA8JL J <DIL;JIDL DG.L>=6L K GK CJL4
;JL &L AKL9KL ,H:LF@K5L *# @=DLAG36L K:IL
K$ILDKL FJ3L GDHL7JL9K+L &L F@HL;ICLBHLEK9L
GKLF@HLAGHLC?L KL9?FG5L K8LE?LDKLCJI8
8IFGLAGIL7=L8KLE H7L9HL@KA05
JL:HLAJL G 5L <=9L@=L <DGIL:ILAJIL:JL FJ3
I@FL<ILD?L;ICLBK:LCJILB=L<HL:ILEI;LJ <DKL4
EJILFJ3LDHGL7JL:J6LEHL7IALAGIL2HL):JA0
GKL7DHLCJ9LEHL1ILCJKLCJ;L,4/E5LCHL4
E=L GKLEJLCJ9L <JL:HBL J GCHLE=L EFG?LFA?
;KL8.L<DILBICLF8IL>H FKL;HL:HLB=5LHL;?
GDHL7JL;?L7IGLB=L<HL:ILE/E
FKLB@A0L;IKCBL I DBHL>@L BEGHL5KL =EJLCI)
J =EJL9JFL3KLB67L' 8HL-9IL=KFL=EHLGHCLGKL4
=:KLAI:LGJ>LCHBL?KL;I2LBJL>GILCIK8LBH8LC=EKL4
D@LFIHL;K7
,L' -9H>GLBDJ#L' ?E@L4
B@AGLF@L=EJLBJL?.:L!#
,L!LAG6LCBJLCI6
;@L9ILD E./LF@A0LC=EKLDKA07L' BJLC=JL4
B?KLFIHLCI6L=EGHL>:<L/KLI FKLCGKL>@CL?<LC8K
FIHL;KLCHFLC<7L JL8HCGLAGHL=JL;.DL;@
J B@A0 L;9FLG:7
,L(:KLA6 LB@C7LH<LEJ
GKAG:JFL?JLCBDJLDDIKLBJLD@;L*BJLDKL4
EG@LCGHLFI<L!@FL?.DL<ELBJLD@A0LI 8HCB
BJLD=ILCKLFHL>J B@A0 L;9FLG:7
,L9KLAGHL3JLG3:KLCGKL;@LB6
<A0DKL:6L=EGH> D@L5JLEKL;I2L3>@LBEDK
-9H>GLBDJ2LKC=EKLDKL8HCBL?JFLBEJLDHELC@8L4
FK#LKL?ILBJL;KLCHFC#
,L ' >9KLAGHL3J
FIH#LKLD B@;LFIAL?JFLBEJLDHELC@8LFHL3J
FIHLDIL>G67
,L!K>LFHL;<L*IHLFIAL?IHL;<
EK>LFILG(LGKLEG<LAKL812L/HL8HCBL9J5L5@LCB17
,L ' >9KLAGHL3J
D>JL5EH8LC=EKLDIHLFIHL;JL/HL5@)L9J5L5@L4
CB1#L"IHLDJ9LFJL;<LDGI1)L:KL=.DL?I7L HL4
3JLK5LCJL9<BLFIHLFIHLDJ9LFJ7
,L (J B@;2L AJL GEJL5I:
=KFL *IHLFIAL?I2L JCJL5@L 3:JLC<L81LAH
FK (9KBL&JEL;6L56L>1L3:JLCJLDKL:@LFK (I*7
,L !JGLFIJLC:H;L FK 3IH:L4
>GIH L3KLGHLBH?7L!JL5IL:H;LBJL>9KLBHL4
3J2L/HLA0A62L5@L(I*LG>JL5@L:JL;KFL>KL4
B.DL>J EKL>@2L=J LD ?K/L>@;LJ?E6L3<7
,LG@LBHL;KFL>KLB@L;KL81
GKL:KLBDI)LBJ2L/HL3IH:L>6L?<L=IL=KFL+JLCBHL4
9HAL?I#
,L "IH7L KL EJGL;KLDIK;
G ?<=LAKL;I7
,LG@LBJL;KL5@)LC=EGHL4
>K/L5HGL=EGHLBKEL3JLDK#
,L K?7
,L JL 8HCBL >GIKL:KLFIH
FK CG?JL>6L;IKLCBK7
,LG@L=KFLEK>L4
F@LDJL9K:L5@LJL9HFL>E.DLJ> (JL9KL?.D#
777L(KFL+JLCBHL9HAL?ILGK ><L/JL8</L;K2
/HL5@LI-)LD 8KL?IH-LFIHL<AGAILDHLEGHLAG@
BHLEKG7
,L'9HL8HCBL-9H>GLBDJL=EJL4
?<LEKLB<LE@7
,L"IHA0L=KFLCI6
FIHL=EGH8L;<L8HL-9H>GLBDH;L=EJL?<LEKLB<L4
E@7LHL-9IL8<LBEJL?BJ-LG:JL/@L>JLFIHLCIHLFIH
>J =EJL?<LEKLB<LE@2LBJL56L>GIHLJC?KEL/JLF@7
+K/L>@L ;JL/HL JC?KEL/@)L IFLF1L JCJL56
J 8KL?IH-LFIHLAFHLC=EKLD@7
,L KL 8HLCBH;
GK +JLCBHL9HAL?I;7L+BJL8HCGLAGH#L(EJL=JL4
F<L86L3:JLCJLDKLFIHLD BH8LC=EKLDIH7
,L (EG@L=JL;ILFK;2L /H
<A0DKL:KL?JL9HL3IL*IHLFIAL?IHL3JLFIHL5@L:K
G FIL?I;L?JFLC<9LBJLDKLFK7
,L H L9KLBKLD@L4
?KLGKL:@2L/HLJ DIHL9<LC=EKLDKA0LBEGHL5K
;@L-9H)L=EGH>D@L5JLEKL;I7L EGHL5KL=EG@L4
81)L =HLDIHFL =EJL3EK;L I 3JL EHLK9ILGJL4
DK)7 FIHL;JL/HL5@)LBK?2L/H
CI6L C:<L/@L E./LF@;L =KLFJ;7
' 8KLB<LDIL>G62L/HL?K/L>@
C:<L/@L CDJL8HL;<L =KLF<7
DEKLAK;L CI6L >J GKL4
EG1L><L =JLDIKLBJLDHL3J
(I*LJ J=EKLAJLDKLFIH
=EJL3EKL;<LD@L5JEL4
AGHL3J2L K =JLBH;
J D@LCBKLDIHLFIHLJ>L=JL4
DIH>LFIA0L9<L>GILFK 9ILCBKA07L$@)L;JL/H
EK>LFHL;<L J;LAG@L?JLDIL5KEL>GIH8L;IL:K
(2L 5JL JFKL G:JL/@L:KL GKLDIKL>JL;IHLFIH
>J =EJL?<LEKLB<LE@7L HL3JL =EKLDJ7L *HELAH
AGKLCH;L;KLCI6L=J E./LF@A0LCBEJLFKA07
%JCBKBLFIA0LD@L5JLEKA0LEK>LF@L J;L4
AG@?LFIHLGFKL9KG:LCI6LD-E.>L?KFL>@L>KL4
B.DL(I*7L:JL/@:LJ-DIK>LAGHLFIHL %1!/1
01 .1 '+/1 1 "0)1&%1&0*#,1 - )-.1 +.1(
#&(-01 #1+ )0&1!/1&(1!%!1+%1/,0!1'01
/,(1&/1+%!1 + (+-(1"#1 ( )-.1$,01+-1
&/1+/1 !-01-1$/&1!(0'1,.1 .'*,/1+01)-01-'*%
+%1/,1!(. 1 ,01+01 - $,01+-.1&-1+/1 !-
+ %1!0! 7L *IHLFIAL?I2L +JL:JL>GIH8LAG@?
IIHEL9KL>JLCBKL9IL=IHEDLCGHL;IH8LCAKLFK9IL4
CBKA0L D =JLCGAGHL3.9LF@A0L J?E6L3KA0
;IKLCBKLI =J EKGL?JL9H8LF@LG>JL5@L9IL;KFL4
>KLB@LEK>LF@A07L(JLC:KFL?KL"JLDK?L8HCB
FIHL?DHLCBIJLFJLDKLF1L9IL>HEL?1L=EG@LCG:H8
9ILCB@L?KFL>@L>KLB.DL(I*L>J *H8L;<L!(
D J?E6L3<L?KLBJLDIAL?I;7L
;AJIF:K@DI>K@A8K5CJI5AH;5<:
*GH&L -91LC?IH8L =JL9ILA8IL IHLAG@LC:KDL +9<?L BEKL&I:
>J KEHCGLB<LFK 2LEJL?<7L%CKL>GI:L3JLBK;L=EJL?<LEKLBJE
KLEH?L%H:LFKLG(EJL?<LEKLB<LE@L'=HL9KLA@8LFH8LD+EKL?JL4
DIH2L?B.LE@LGKLEG<LAK:L=JL9ILA8KFLBJLDIL?JLE<=LA86LI ?<L;KL4
FIHLCI6LG;KL&I1L=KL9ILDJLD1LJEKGLFKL=K-)LFK&<F?LA8JLFKL4
EI<LCG@L'$%7L*=EKLD6LJC1L>GI:LD:KL-FIHL*1>L?E6L3JL4
D@LD *GAGHLAILFIH7L
FIHLGFKAGLF1LAG6-)LCDJL8H8 43JL>GIFLFH8L;JLD@L=JL4
-DI6LAI:L%H:LFIH2LK<LBJLEJLDILK?LB<LJC?KEL/HLFIK7L
/HLJ> J&ILAHLEKL(7L(JLCG9KL?IL8H>LFK?2LG>KLFIH;LC1L><2
D@LCBKELAGKL81LAJL;JALFJLDC?KLG<L81LFK FK>LIFLC=H?LBJLEK
=JL9ILA8I2L5@LC?KLGK)L3JLGK <8KDLFIHLFIHLB@A0L>JL?<L;HFL4
B.D
-.1!(%'0+1#"1+ '+/-!1$/1%'0!10%1+%1&/1%1
+01 01"-.1-)1 /,101! .1/& ,*#,0110%1)01+-1(%1+0
( )-1 01"-.1&(-+1).1"/)*0"*%1$/ $,/'*#1#1*1&.1!%1(
# 0+1)-1)-.1-/,!1(0 */1$-.1)-1&(% 7L
+9<?LG:KL;K:L=EKLDJ2LD@LAI1L3KL81AL5EJLI AHL9<L81A
D J&ILAHLE.DL'$%L,L<GFK:LBH/LC6L>GIKL*BE1LAG@LC?I
I JEGH?:L?KLE6 2LEJL?<L=JLG5KLDIHLFIKLDJ9LFJL-AI7L%@L4
C:KLFIL =EGHGL =EJL?<LEKLB<LE6L &<F?LA8JLFKLEI<LCGHL '$%
DBKEL3F6L9IL>J >JL;<L+9<L?K2L=JL>KL81ALCI6LGK >JLE6LAG@L4
AIHL9ILG &IEL;@L?<LEIHELC?IH87L%HLCG9IL8K?L>J 3EJLFHL3J
3KF3LCBHLEK2LA0J)L+9<?LCBKLDI:L4
5@LCI6LD=EJL?<LEKLB<LEGHL>JL5EJL4
DJ9LFIH2L 5K2L CK;L J =EGHLC:<L4
A0KLFIHLD BH8LC=EKLDIHL=EJLCI:7
(JL9ILA8KFB2L FIHLG5@BL BEGHLD@2
DIL>G1AL< FIHLC=JL>GIHLDKLF@A0
3JL-AIL5EJ2LCK;L=J FI1LCI6L4
3F1:7LJLCG:JL>J CGKEL=KLFILF@7
*1>L FIHL =J>L>K:L >JL?:K>LFH8
KFKL9ILGIHL=EJLAHL><ELJ5JLDI1LG<L4
81LA@A0L =EG@ GKLBEG@L;KLFI<7
' IA0LFKLE<LCGHLFIHL;JL3:JLCI6
C?JLAG@)LBEKL3IAGLFIH2LA0J)L5@
BK?L8K?LD =EG@L=K>L?<L=JLC:KFL?IL$KEL5KLE@L$9IL>@7L*6L4
>GIKLC?<L=I:LCI6LD@L:1AGLFIHLFK GKLA0JLDKLFI<L+9<L?K2
?B.LEHLEGHLAG@LDIL-AIHL5@L:JLFKL3KFLFH
/1 .1#1+/1)/1 .'*1$-1+.1+0')%1&/1#10.1*/1 .'*
/-1!.,1$/1 -1! -1"*,%1$/1+-1)-.)1+-.1&(-.1.1 0"1"*/1+%1
$-101"/1/1*/1)-.101$,01+01&/*")1$-'*/1 .*# 7
%@LEJ?L 8HCBL FIHL=EKLDJL;JALF@2L C?KLGKLFIL GKL=JLDIHL4
>GIHL9ILK=HL9KLA867
.1.1 -1/'/1%1/.!1).1)0 '01
-1,/(1$,0+1'$/ ,(1)0 '*1'1&(-/+'"-1+ *. 1!+-1 -1*/1(/1
01!(1)0 )-1&+01'*/'%1&/1"#1.)*+1 .1&.)1$/ *. 1'*,/1
)-.1 &,#1-1 $/ *. 1 '*,/1)-.1 C6L>GIKL*BE1LAG@LC?IL<:JL/@:
=EGH> CJL51 LBJL;@LK?BL=JL>GIHL9JLFHLFK >DIHLE.DLFH
CBHELB@L,L=EG@=7L'7!7 1(%1*.1&/1"#1.)*%1'-1/& '-.1
-.1,1)-1/1+'(%'*1"/1'10"*01.&(*+01$,(.&1 /1/1).
'1&/1+-1 $,(.(1 ,/1"#,0*#,1 $.1 01!% 1)1 + ,01"/1+-.
.1*#1+ *%!1*/10!1)-.1010)-1 .&1). 1"0,*1"-1-'*/*1).
&01,/('*,(%1)-1!-01*.1/1$,/1!.'#1 777 #1'1+%1 !(1)-.
*/1%1 01"#1 0*#,%1 )01
$,/1&#1"/1+01). 1 $,(.(
,/1"#,0*#,1 $.1 01!% 1
)1 + ,01"/1+-.1 "*,0
.1&%1)-.1 #*,#&1)-01 01 '1
&/1+-1$,(.1,)-1!-.1$,(.(
*1'$,01+
>KL9H8L "*1/'"0,1.1
)-01 + *. 1 '$,01+-.1 '$/1
,(1&(/1)%1 %1 )0 $/1(-/1
-.1.1)#1 1!%1&1)-1
&%1)-.1+-1&(-01*0"1(.1
/10"*#1/'"0,1.1)-01'$/1
,(1&(/1).1/1)-.1*%1"/1$,(.(1$,/1"#,0*#,10$.1 01!% 1)10.
)01+.*1$,(.(1$,/1"#,0*#,1/",1/1+1/1.1&(-.1+ 01
"-. 1'01. 1$,/1"#,0*#,(.1,.1 /1)/1+. 1!/1*01"-.1/1'-1*,01 -1
/1 /1(-/1 *. 1 '$,01+%1 $/& *%1 +(1&.1 #1&(-1 )01
$,0+1&1(01.1)/1+01)-.1'1&# 7
+9<?LGJLCBK:LG >D.A0LFK8LDK/LFIH8LCG@A0LGKLEG<LB.D
JAG@CGLAGJLF@2LK C6L>GIKLG %H:LF@LGEJL5I:LDIKLBEK?7L!GHL4
?JL;IL5JCLCJLDIHL;KL&IIL=KL9ILDJLDH82LKDICBJLAIHLD:KL-AIL4
AIHL9HLC=.:L?IL$LKFL$JL5EH?2L'EL?KL>I<CGLEJL4
A0<9LC?ILI>GILC:KDLKELCGKL:H?2LG>KLFIH;LC1L><LC1LFIHL4
DIFLFI7L"IHL5@L:JLFK8L;FIH8LCG@A0L=J>LCBKDL>JBHL3J2L5@
=JLCKL>GI)LIA0LFK :KLDIHLJC?KEL/JLF@A07LGKLCK>LFIHLFIH
D@LEJL?<L8HCBL5HGL=EHLAHL>HFLCJLDH7L*6L>GIKL;IK:LDI6LAH8
>J=JLDIHL>GHLFIKLJFIHL<>J9LFH8L=EKLA@L=EJL?<LEKLBJLEKLFI/
J =EGHLCB6=LAKA07L K?LD:KL-FIHLJAHLFIKL:H;LB6LC=EKLD6
D 9IAGLF@A0LKELB@L?<L:KA0LD "7
(JLGKL3HLFHLEKL:H;LK?LBH;LJC?KEL/HLFIKLJ5L86LB@A0L5@L4
:J LIFLF@A0LJC.52L5JL=EJL?<LEKLB<LEKL=JL:1LAG@L:KL?I9L?K
C=EKD7L &<F?LA8JLFKLEI<LCGKA0LDEJLA:KDLC?IHL3JL$2
?B.LEG@LD B@;L=EJLAHLCIHLGJLCBKL9ILC?KLGKLFILGK =EG@L86LAIH
:KL=.DL?ILD GKL;IKFLGK <8KDLFIHLFIHL>JL?<L;HFLB<LCBKL4
FJLDI1LAHL3JLBKL8H;LFILA6LC:</L5JLD12L=ILCK)LFIHL56L>GIHL4
;@LC=EKLDKLFIHL8HCBLGDI1LGKLFKLG=JLGJLCBKL:@L;ILD1BL?KL4
;I2L8HCBL>J-)LJAG@LDILCBK2LC=EKDLA@LCI6L=EG@LGFKL9I7
*1>L+9<L?KL<FIHLDIFLFI:LG >D.A0LFK8LAI6/LCG@A0LGKL4
EG<LB.D7LHLFHLEK:LFIHLDGI1:L>D.A0L:KL=.LDH?LDD@LCJL4
?JL-AI LI LB@C7LG:7L*1>LC?KLGK:LFKLBJL;IKCBL+9<L?K
GK <8KDLFIHLFIHLBKL8H;LFILA@LC:</L5JLDH8L=EGHLCB6=LA@L=KL4
9ILDJLDHL;<L'ELB<LEJLDIL+7LJEKGLGKBJ2L/HL=J>D=:@LDH;
K9L?JL0JL9<L3EJLGI:L&<F?LA8JLFKLEI<LCGJ;L'$%LFKL5ILB@;
=ILCBJL9HLBH;7L1AGLFKL?KLEKL,LL9KLBKL=JLG5KLDIHLFIKLDJ9L4
FJL-AI7L$IJLE1AL=J><DKL362L/HLFK=JLAGHBL?KLE@LGKL9ILAGJL4
FJLKEHCGBLB@;LAGKLCJLD@LCIA2L+9<?L8</LCDJL8HLJ>LCIHL4
>GIK:7
.1).,01 /1+-1 $/1 -1! -1 (01,01"/1 /&1+01-1 0%1 '*01)1 *#
&(-1 $,(.& '1&.1 - +%'#1!01 +%,/1"#1 /1 .1 -1%1 %
-.1/&1+01)-. '(%!1$/1 -1! 0)*+1+ *%1",01 #101,01
"/1*.1!1!-1'*01+-.1)-01'-1*#*0 1$,(.& '1&.10#*/,/1+-
0"*#1/'"0,1.1)-01$,/1"#,0*/,/1+-10,1"/1+-1.1)-.1"*,%
)-.1!!-01+-1&/!(1)-.1#'%'(.1!/1'&101&/ $/1+-.1&(.1
)-01+ *. 1'$,01+-.1- (0'*1$/1+01/1#'-1$,/1"#,0*/,1(.
(!(.1!-1)0 ,L EJGL=JLAG1:L JCBKBLFIHL =JLCIHL>GHLFIHL C1L><
DB@;L=EJLAHLCIHLC6L>GIKLKLAIH8L*BE1LAG@LC?I7L"KLCB6=L4
F3L>GJKL-.L>=L#@D3L2HLEIL2H
E -GAGILAJLCJI6L
<DILGIFLCK8LEJ3@LFGI8L
HDL2KLCJLGKLA8JLGDGILFGKL8.LAI8L
F3L>GJ/EL&L-BHLEKLDG?LFGILCJK
-3L>GJ/EL,H:LF@JA0L*=LFBJLBJK+5
,HL>GJLEJKLC?LGK ID=L>?LA836
H <DKLEJIL;/LEJLGKLEFGIL
<DHLFBHLJ GDHLG=L;JKL:I5
"K>IFC=H?BJEL=EGHL?KLGK:L+7L>JL?<L4
;HFLB@L =JL<&LFHL CBKLFJLDI1LAHL BKL8H;LFILA6L C:</L5JL4
D1L,LJEGH?:LC1>LID@L;IHLEG@:L?KLE6L9KBL=JLG5KLDIHLFIK
DJ9LFJL-AI7LDKL>JL?<L;HFLB@L,LEJGL?KGL?JL;HFL>KFLBK
3:.DLFHL3JL=JL9ILA8ILJ=JLDJL:KLFI<L3E<L=@L>C7LGDK9LAGKLFIK
;KL&IIL=KL9ILDJLDH8LIKFKL9ILGKL=EGHLCB6=LAGJL-AIL=KL9ILDJLDH8
C=JLEG1L>GJLFKL=EGHGL-91LC?IA0L=JL9ILA8KFLB.DL,LBEKL&IL:@
>J=KL9ILDJLDHL3JL3KF3LCBHLEKL'ELB<LEKL+7L"KFIHL?JLEG@-)
+9<L?KL=EGHL;KLDIKLBJ2L/HL<BEG@L;@LDK:LG +7LAG6LCBH
?JFLBK?LB@2LJEKGLBJ2L/HLG>KLFIH;L5IHL3:@A0L>JL?<L;HFLB@
D@LAIHL?:@LG =J>L9HL3:H8L;<L+JL;HFL>@L%JL8HLD.>GL?IH8
(JL9ILA8ILD+KLBJLDILAKA07L'ELB<EL+7LD-9H>GLBDIHLEKGL;.L4
DI:2L/HL>JL?<L;HFLB@L>JLCBK:LJ> +9<L?K2LIFLF@;LEKLGH;
KDHLGILCI@DIL>K@LA8K5CJI5AH;5<:
*ILCILDK9L<=L>9H+L&LCD !((
*#$ICLF?LEKL2ILCILDKL9KL):=L@K+L&L!!((
*-9=L<J@LE7JLB?LE GJIL;J3+L&L!((
*,DHL@=LDKLBHDLEJIL:HL79.>+L&L!((
*-9=L<J@LE7JLB?LE GJIL;J3LA>5+L&L(!(
510272234.018.png 510272234.019.png 510272234.020.png 510272234.021.png 510272234.022.png 510272234.023.png 510272234.024.png 510272234.025.png
 
B>JDHG8GJ? %F7JBAGJ=?.A,JB9I?JDCA,J>I<JB.?J<I1
@ECJF H;HGJDH6J*CJBEI@=5J%HG@?JBECJ)J>+J:I<JH BIJ ID1
=69IJEDIJDCJE DIJ:IJB>FJ?IJDHIJ=EHGJAH2J4CJ;C9CJ@0AE1
<HJ)J>FJBGJ@HI7FJ?CJ*CJBHG<JE !7IJD6"5J$@6J3HJ>FJ*C1
BEI@= '52J EIJ4.8JAI5J 64HGJ39C;J @FJ<6J EIJB>@EG7H9
:@IJAF?JDHJ<IJ 4H6J@IJ :FJBG7JB<HGJ3FJ %H#2J I :7IJDFJ?I9
:FJDF(JEIJ;IA,JDI BIJ;GJ3FJIJ@FJB9IJ?IJIJAECJB<HG1
3F5J %F ?CJ=IJ@EGJDHIA,J ? FJ=EHJ 3IJ?HG=J EIJAE+9I
EIJ=IJ?I(JBFJ4HGJFAECJ?HJB>GJ? >IJ<HG8JBC>6JIA8HJ:C>I1
DHGJAFJ>FJEI A,68J;I80AJDI ;CJ-7HJ*CJBEI@J=I '52
FAECJ?HJ-AHG2JI DHGJ:@GJEGJBIJ%H#J)J>GJ3FJ86/J4FJ?HG;
EDI9I5J !&IBEJ $EHGDJDH<"J BEC4J<FJ 6B>I7H9J F=J:F1
?HG=J>FJI3GD>J#
J :IJ=EHG@JDHJ<I J @5J J =DHJ :F EIJ4.8JB>?HG
I@J<IJ*FJBHIJ<I2J?C=5J2JB>@5
%;B=;?H<DHA;<GHB85EHCG ?D2H+EH6D@H:E@H>'2H<?-@=HCG0
9G:3HCG ;FEH:BFH4,H3-:BH<FEH/DHD<@,H/8H"@GHAGHF )9@GHAFE0
:7FHAD*>F2H 5E;?H <GH9F?GCH )38+H4=H EBH9FEH>BE;?AGH $=0
;BG@:H(GH4G )J:HJBI9JF@J3IDJ*CJ=ECJ<I5J)J GH<DH9@GH>DA0
CF<H %D5EHA-:BH<FEH/DH @B,H:8H )9@GAH %EHAC,?@BHC=>1
A !@GH<DHAFEH@DBH9@GH>DHA=HAG3HA 7G?G>1 .H<@GH<DA;<'
D9DHB=H>5,. 07E?HCFEH68H 6,+H>B=HCFEH 9D;?GHAFDHCDH 58+
BG@B8?=HBGH4-5;?AGHF 8;F3DHAGHCFGHBGH4-5;?AG2H:D >BEH/D
;F,H9@B=HBCG3.H...HG F7H6G>1HB BG?@B=H6GHCFGH$=;BG@0
:G (.H5GH<DHAFE7D7E?HCFEH/DH9@GH>DAHCFH<GH<@GH<DA;<FEH/D
%D5EHA-:BH<FEH/DH @B,H:8H )9@GAH %EHAC,?@BHC=>1H BF0
:EC?=H FH<DHAG3H:@HG@E<HG@F8;BH=?H<DHB CFHAE@;=0
?E?8HGH/FE77D;<FEH/D.HHD<?D@H=?H<DHBA@GH>GH8AG0
/,2H +EH $=;BG@:H (GH4GH 5E;?H CD?DHAGHC=H A G<?G>1H
C;?=?8?8H "GH6F,H>FH G@DH:DHAE5H 9D: ;=H/CG?8@'
!$ 2H?D6 2H<G@?G .HEH/DHCGHBAF;<DHAFE7D0
<@D?HCFEH 9D5GHAFGH ;F,H ?E+H A <;F'+H<G>1H 9D*AF,H>DHC=>1
<@GH<DA;<FE5H D9DHB=H>5FH 7G? .H A=H:GHAGHC=>1H 9@BEB
8CH:GH>5,H(EC?@86HDH<8H6EC?GH>5FH(B=HC8HFEH9D:7E0
/3D*>FDHAEH/D.H H % D>EHCFEH 9@EHBE;GH "F)2H 3-:BH<F
6D@:H?DH<D7E5HC=H9@BE5GAH9DHAG+HCEH/DHBGH/@DH+EHCFGH9D70
;<FE5H:EH6DH<@GH>5F.H&H@-H:3E6H?EH/DHBGH/@DH+EHCFGH5E;?H;D0
>5D?E>1HCFH<G2H5GH<'H;?D;85EH@B'H:B'H>GH9G@?FG.H)DH>5D?E>1H0
CFH<GH9D7EH/G5'H>GHCG ;BE@BEHCF8HCFEHCGHAF*>FHH&H6-0
AF3H9@EHBE;H"F) 5
>GJ@IEJ:I>@EJAHG2J8I<JBFJA8F>GA,JDHJ<+J@FJ4H0J=GJ4G1
-AHIJ<HJ*CJBEI@=J'IJ4IJ I<>CAEJDHGJ4C9J? :@EGJBE9F1
-AHJ 6D<JA8FJDIJ@H6JBEG;J#5J =FJB>+:JDC;J? %&
<I>I7FJ36J 6D<JA8FJDIJ@H6JBECJ I:IJ@I>6J 4GEJ:HGJAEG1
B>?IJ:@EGJAEC>I(J;F/JDI2JH/J6@FJ=EH9JBH+J? J@52
:FJBHIJ=I9JB>FJ:HGJ<IJ:H>IJDI H =EHI9I9J? @IJ<FJ?HG5
F@J=G@JA0J ? 9.=EJ<H;J 4H6J@EGJ %H#J 4C9J 8G=JDI<
AE9FJ?HG<JF DHGJAFJHDJDC;JDIJE?HJB<62J@./JDH0JAC;JBH+
8G=JD0J 7H>GJ@02J 7I> J AEC7HJ DHGJ ;.39J 6@FJ=EH(J BH+
? J@55
?=7H<DH>8FH4DHCDH% >B=F6HFC?E@E;FEH4=3GH?GH*6FE@#HCFE0
AFCHCEH/DH>B3DHAFEH<GHF >F,+H<FEHB@GHCFEHCFEHFCHCEH/D
&H8CH:GH>5GH(EC?@86HDH<8H6EC?GH>5FH(B=HC8HFE0
9D:7EH/3D*>FDHAEH/DHA !@GH<DHAFEHBGHD4;E@HADHAG3GHD;?G?0
CFDH8G<?=AHCFEHCFEH;F,HA 9@BE;?@BEHCFH98H47F>BHCE5H4=3=>1
E;H4EH<-A
&HDH/,H6-HAF#H?=7H<DHBG ;FEH4FEHF A ;ADF6HF6FEHCF8.
AGH+G62H+EHE;H4EH>=2H84EH>=2HG ?G<H+EH9@BE:;?GHAFH>FE7E
%D5;<DHA=>1H)38+4H CH D@H6GH>=5HC=>1H"$HBGHA;BEH4=0
7FHG<?=AHCFHA 9@BE;?@BEHCFH98H47F>BHCE5H$"2H9D*@E:HCFDHG70
4DH4EBH9D*@E:HCFD.H=7H<DHCFEHA;B=;>=H>1>FE7FH?DHBGH8AG0
+=#.HEH:ECHBCGHC=H<@GH<DA;<FHE;H4E<2H<?-@=H@DBH9@GH>D0
A=HAG3H A >BG;G>1H "$H !D*>F-3H <G?D7F>H<F2H A >BG0
;G>1 $"H 8@8H>1DH6F3H 18@?DAHCF,H BG;3DCH F :=HAG0
C-AH&HA=H9D;GH+EHCFGH<D*>FD3-A.H)9@BEH:GHAG3H7G?GH6F
?DHAG@=H!D*>FD3DHAF2H<?-@=H9@BE:?E6H;G6HFCHAFH/F7DHAG3.
"E@H FH:FGHF 4@G<H6D@G7HC=>1H1GH687H>-AHA*@-:H4=3=>1
E;H4EH<-AH;'HD/@D6HCE.HDH78H:BFEH4EBH;8H6FEHCFG2HBG;G:
6D@G7HC=>12H<FE@85'H>=H;F,HFC?E@E;E6H6G?E@FG7HC=6HF CFE0
CGHAF*>F'H:D A@DH/-AH"$.H)9DH:BFEHAG6H;F,H;E@FF
?EH/DH?=H98H6D@H:E@;?AH9D7F?=>BHC=>1HCG >B=5E*HBGH6-HAFE0
CFE.HH!DH68*HBG7EH+=HCG ?=62HG4=HD:HA@-H>F#H8AGH/,
D9FHCFFH98H47F>BHCE5HD: AG+HC=>1H;9@GAH9G;?AG.H(B=
>BEH<GH CG;H CD>H :38H/F>1H CDH+=H F CGHA@-?H ?D?G7F?G@=0
B68HGCH"GHAE3 9@BE;?@BEH/G3HCG;2H+EH7FH4E@G7FB6
AFEH:BFEH :D ?D?G7F?G@=HB682H F ?DH ;F,H BGH>B=HCG >1=H4G
;9@GAH:BG# 5
$FJ?FJ=CJDI >F2J/GJ*CJ=ECJ<F?JACJ)J?HGJ=E0A2JH/ '5
H 'IJ4IJ >FJ @./JDHJ 76J=EHGJ )J =FJ<FJDI7HJ ;IJDHJ:67IJA8H2
;F/JDI EDI7G(J >I<J/GJ DI B>@FJDHGJ HD>G@JDG>FJ?G8
!&IJBEGJ3FJ $EHGDJDHJ<I"5J 3GD>6J@I7JD0J :@EGJBE9F-(
EIJ4.8JACJ>96J;IJAEFJDFJ>I;J? DIJB>+J:680JACJB:FJB.4
;DH4GHD ?GH<F>1H;GH6=>1HFCFH>5G3G>1HAF:HCFE5EHA G<?G>1
"H5GH<DH9@GH>DAHCF<H%D5EHA-:BH<FEH/DH@B,H:8H)9@GA
%EHAC,?@BHC=>1HA !@GH<DHAFE IJ<FJHJA,I9JI@JBEI9
;I;J >IJ<HGJ BIJ;GJ HDHJA8I9CJ 8I<J IJ@H7CDJ FDJ@FG2
I7GJ >FJ 8GBEJAEGJ DHGJ EDIJAEC2J /GJ B:I9G;J E GDJDG1
=C;5
'I9IJ>IJB:@IJ?IJDHGJ4C9IJ4CJDHJAEC;J?H+JAG82J8I<
<F7G8JDC;J:@ECJ<9IJ=G;JE9IJ:IJDHIJ<I>F7HAJ<HA,J;H1
9FJ-DHJ<.?J:@I?J=CJDI <9I;JB>?HG2J3=CJ4CJDHGJ8GBE1
AEGJ8GJ=GDJBEAEGJ3.9J)JF<IJE68GJBH+2J/GJEIJ4.8JAIJE F1
=EHJDHGJ>C7J<FJDHGJ4C9J 6D<JA8FJDIJ@H6JBEG;J#2JI7G
=EHI9I9J? !#F7HJ=I@JDFJ-AH"5
%F= <FJDHGAJ 7I> 5J *CJBEI@= '5J :@EGJ4CJ?I9
? *&5JHAEJDHGJE3@FJ;IJ=EFJDI >I;J%F7FJDHIJB>I1
@I9IJBH+J?I7JAEC(JE <FJ;6JD05J$F>I@7HJ-;CJ=F :HB;
H F>FJ3@IJ HHJ:FJ-?HI=JAEI80JACA,JEIJIDJ3IJ/FJ?IJDHGJ*C1
BEI@J=I '5J? F4I7IJDHGJBCB>GJ;65
GJ3FJ:F=J:HBJ?H=JDHG8GJDI 7HJ-AHGJ:@F>GJB>IJAC8JDC;
?CJB>FJBFJ?IJDC;JE F<IJE8HJ=GJ;FDJB>@IJA8H5J&IBEJHD1
F@J;I>F@2J EIJ;HGBEJ<I9CJ F4GAJDHGJ ? IJDIJ=EHG2
A,?I7H9J:FJB>IJ?+J*CJBEI@J=I '5J? AEIJBIA,J?B:.7JDG8
=EHI9I7JDFJ-AHJF:FJECJAC8JDG8JH :F>+J:H9J8GJ3FJAECDJ=F1
<FJDIJDCJ:FJDI= J7I>J:.JDHG85J&IJ:HJBI9J=F DIB2J4F
?<6@J?HI9FJ 3FJ =FJ@IJ4HIJDHGJ =I?JDGJ;6J <F7GJ=EGJ EG
B>CJ@FJ:HIJD6JGBJ4GAJ<HA,J;F>CJ?.?5
=CJ<H7J<IJ;HGJBH+JACJ>GJ;6J@FEJ;IJ?HI9G;JEGJEDI1
8FJ;C;JI=J?FJ<I>G;2JEIJ:C>I9J;DHG2J8IJ<HJ8GB>JBEAEC>
4GEJAEG7JDFJ-AH5
)JIJ39FJBFJ?I(JDI %H#JH ?C8GJA,I(JE <@I86J)JF=1
:FJ?HGJ=EHI9G;5
)J &HG5J I8GJ4I(J BHGJ<HGJ@0J F4F8GJ @FJ=EHJA.?J H :F1
:@FJBH(J B0=J F E9IJ3FJ=EGJDHGJ <IJ@C2J 3=C/J EFJB>I9FJ BH+
BHGJ@F>05
*CJBEI@= '5JEFJB>I9J4CJDHGJA,C4JDHGJ6EDIJDCJEI 4GE1
AEG7JDGJ3F2J3=CJ4CJ?CJB>0J:H9J? >G8JA,?H7HJE :FJE?G;
:@EGJAH?J<FJ!&IJBEGJ;6J$EHGDJDHJ<FJ?H"JEI :@ECJ<7G1
8IJDHGJ;6J3+J4CJGBJ4GJ<IJ8GJ-7HJ6?IJ/IJ>FJEI F4J@I7H1
?G2J@EGAEJ8IJBDI5
%@FJAGBJ:FJ?HJDHGDJEI9FJ/C(J@.?JDHG/J<@IJ<FJ?HIJDHD
*CJBEI@=J'IJ4IJEI E@FJ4HGJDHGJE DHGJ3FJ)J:FJ@E0=JDGJ3F
I3GD>IJ)J;F@J=G@JAC2JH >FJ8IJ<HA,-J>@EGJAHFJ:7IJDFJ?CA,
:FJB>IJAH5
DHGJAHG@J:7HJ?FJ-AH0J AEGJ<I;2J I/J !&IBEJ $EHGD1
DH<"J6=FJ?F=JDH2JH/J>FJ*CJBEI@= '5JB>@EG7I9J=F FAI1
7I9CA,J:F <I>IJB>@FJ HGJ? #;F7GJB<65
'FJE@FJ4H7HJ*CJ=ECJ<FJ?HJ
=EHGDJDHJ<IJ@EGJ
7I7HJ?HG<JH DIJE?HJB<FJ
E <I>I7FJ36J%&2J
=FJ:HJB680AJ;F@J=G@JACJ
I3GD>6J@I7JD0J:@EGJBE9F-(J
E6J:G9JDHGJHDJDGJ3FJAE9FJ?HGJ<I
=CJ4CJ <>F-J ;HI9J ?0>J:7HJ?FJ-AH2J AECJ >FJ AG7FJ?G2
AECJ F;C9J<FJ?GJ =EHI9IJDHG2J :FJ?HJDHGDJ EI8J@EG(
DI B>@5 J.?JAEGJBDGJ3FJ?CJ=IJDHIJ!&$"JH :@EGJAEC>I(
?CJ?HI=J:>5J!'ECJAEGJ<IJDIBJ&FAJ=96J3HA,JDFJ/C"
EGJ?B:FJ;DHIJDC;J=F<>FJ@G;JC>J<F
&H$=;BG@:H(GH4GH?DH4=3=HAFE7D7E?HCFH8C<H>5DHCG@F8;B
)38+H4=HEBH9FEH>BE;?AGHA @GCH:BEH<GH9F?GHCGH
&H DH+EH6=H 6-HAF#H D G<?G>1H :D?=H>B'H>=>1H D;DH4=
8C<H>5DHCG@F8;BGH <@GH<DA;<FE5H )38+H4=H EBH9FEH>BE0
;?AG2H CD?DHAGHCEH/DH A G<?G>1H %)%H &H $=;BG@H:G
(GH4=2H<GH9F?GHCG HA )HBG;G:HCFH>BDHCFEH4=3DH;?D90
CFH&H?G<HAF,>H6-HAFEHCFEHD <GH9F?GHCFEH)H4=3DH4=H43,H:E6
6E@=?D@=>BHC=62H?DH;'H@BEH>B=H98H47FH<DHAGHCE2HBCGHCEH1F0
;?D@=H<D6.H F7FH>5GH 4=HAG?E7;<GH :BFG3G3GH 5GH<DH 5E:0
CG ;?@8<?8@G2H4=3GH9DH:BFE7DHCG CG D;D4HCEHA=H:BFG3=.
%B6DH+DHCEH :BFG3GHCFGH )H D4;E@HA85EH6=H ;B>BEH/-7HCFE
A <F7H<8HA=H:BFG3G>12HC9.HA A=H:BFG7EH:;.HAG7H<FHB D9D0
B=H>5'2HA=H:BFG7EH:;.HAG7H<FHB !D*>FD3E6H<G?D7F>H<F6HF?:.
&H$=;BG@: (.H?DH?GH;GH6GHD;DH4G2H<?-@E5HCGHBAF;<DHAF:0
CFE5EHA 98H47FH<GH>5G>1H8CH:GH>5FH(EC?@86HDH<8H6EC?G0
>5FH(B=HC8HFEH9D:7EH/3D*>FDHAEH/DHA !@GH<DHAFEH9D*AF,0
>DHC=>1H<@GH<DA;<FE5HD9DHB=H>5FH7G? . AFEH<8
&HDH@BE>BH9D7FH>5F2H9@DH<8@G?8@=HF ;'H:8.HFEH>1>FG30
4=6HA>1DH:BF#HA <D6H9E?ECH>5EH?=>1HA=;9EH>5G7FHBDHAG0
C=>1H D@H/GHC-AH 9G;?ADHA=>12H <?-@EH &H 6DF6H B:G0
CFE6H&H9DHAFCHC=H@BE?E7HCFEH8;?G7F#H:GHCEH;9@GAH>=2HG CFE
BGH6FG?G#H;9@GHA,H9D: :=HAGCHB 5GH<F>1*H9DHADH:-A2HC9.
BEHAB/7,H:8HCG 9DH9@GAHCD*#H9D7F?=>BHC'.H7GH6CFEHD;D0
4F*>FEH >B3DHAFE<2H <?-@=H AFE2H 5G<H ;F,H 8+=HAGH 9F;?D7E?8
F 5G<H;F,H;?@BE7GH>E7HCFEH?G<2HG4=HCG 9EAHCDHBGH4F#H&H?D
CFEH<?D*HB 87FH>=2H5GH<F*H?G<;-AH<G@B2HG7EHBGHADH:DHAFE> 5J
@J3IJDCJ 9DHAFCHC=H@BE?E7HCFEH8;?G7F#H:GHCEH;9@GAH>=
@FJ4H9CJ >FJ )J ? :@EGJAHJ?HGJB>?HGJ =F !&IJBEGJ3F
$EHGDJDHJ<I"J)J86/J? =DH6JEIJ4.8JB>?I5JGJ3FJ=IJDG2
? >C;JDIJE?HJB<F2J4C9CJEDIJDGJ:F7HJA8HJH ;GJ=HF;
EIJ@IEJ:F EI>@ECJ;IJDH65
=I7JBEG8JAE+J-AHJ@FEJ;FJ?CJAEC>IJ;CJ;5HD5
&H%EH:38/H8;?G7EH9D7FH>5F2H$=;BG@: (.2HBGHCF6H:DH<D0
CG3HB4@D:HCFH>BEH/DH>B=HC82H9@BEBH>B?E@=H:CFH9@BEH4=HAG3
A DH:BF.H%;B=;?H<DHA;<GHB85EHCG ?D2H+EH4G@H:BDH9@EH>=0
B=5HCFEH9@B=H/D?DHA=HAG3H;F,H:D B4@D:HCF.H
&H)H;B<D7F3GH;ADF>1H78H:BFHA @-+HC=>1H86FE5,?HCD0
*>FG>12H?G<H+EHA >E7HC=6H;?@BE7GHCF8H:D 78H:BFH?G<2HG4=
B@GHCF#2HF ?G<2HG4=HBGH4F#.H(B=H$=;BG@: (.H?DH<?D*HB 87F0
>=2H 9@B=H9G:H<DHA=H @8;?@G?2H CFE78H4F'H>=H "F)H DF6
B:GHCFE62HCFE.H(G3GH@BE>BH4=3GHBGH97GHCDHAGHCG2H9=?GHCFE
510272234.026.png 510272234.027.png 510272234.028.png 510272234.029.png 510272234.030.png 510272234.031.png 510272234.032.png 510272234.033.png 510272234.034.png
/CP P JJ H
I DOPPPNK PPG
M O
+MOLOO
MGPKNP MHL
H P
O MJPOHJD
PJ?&6 9O
@NPG
O DO
P@NMNPPN
OL NPJPJ PN
KO?NIPK?&6G
PKJL M O
FLML
@HONPPNL
J ON
!! ! !
DP GP
O O
NP J OKH
MPJCPPPFLP
GFALNK
OMMLIHJDOPNPO
HL I I I O
L
N K M
CP;NINKLLI
PN
N KP PO N
G MC
P 7I
G?HI
MOPLNLI
P O P
J ML O
NPKOKF
PN OPN O 3N
O2 N ONN
J P
3 ?OCP29OH
MN
ONPKO
PK
NAPON
J MCP@
BOMKLN
K PLIO
DOPPPM
IL I NP M
PCPK7MO
!! !! !
A NPP PJC
@NNGA
II KGFNK
*L ON
P O KO
HOON
#
6 NK,N&C
PN >..:M
N
L ; DHJ
4J6GMPK PPHM
MN O D
NPKG
KL M POPHL H
NFM
>EE PK O
AMFKLPN
K P
MCP NC
PH/MP
NPLI NIN -EOO
KMJFL
OF M F PK N
G NN NMOI
P :EE PK O A JGL M
JNOL M
P I MK P
J PKJAM
MMKJF
OFL IM O PK
POCL G OM
PAMKOPL
OOJ
I :EE PK O N
P K ;I PK
O PFL I P ON
NN
PKNPO
6 NPG
N OI I F PNK
GP O
M7FP
GPNLM
JHIO
!! !!!! !
JG LI
PJHI N
PPK LM
PF ON MO PPN
0 M
NGLHLIMN
O P
NK<HJLNPOP
NP=7LI
NK BLBPOL
NN %PNLP
MOIGF=
HLNMG
K PJO F PO
NOMPH5
B I LI
DOP .-
KO=B FLP
JPNPJ
OI P=(PN
OKONOO
= A O L I
P O HL
HHI ON
PJG OMO OL O
KO(1N
P J P PN
PNKOKO=*LO
M
OFLMPMGFLI
IOG
PNPPNPN
NCLH N
PP
N O ;I
PPHM F PNK
'E9I P
PN 1L I DOPL N N
KP K O
PHLONLO J
OKO
L O MN O
P PN
PJK 0MGK
,CP %<HJL
N J L P
N OP MC
P OL
OO H P
A MK
PN <HJ
L I
KH
!!! !!!
!!!
9 J PK P
/LNJ
NNLOMH
O MOL I
J >-EE;GF
>>EOJLMOK
JH PLH
PL O<HJL
$EJH P<H
J 7O P GF
PN >.EOJ,
NOIGOFLI O
PN P
P HOOKLI
P L N MK
IOG P
N O
/P N I N
P) NN PKL I
O
PPPI
P :E
88E@8:EOJ
4MPK
NFD+D
KPHJKL NNP 8E>E
DPI >>L-OJL
PM :OJ @@N
J M :8OJ
7 = B L I P
P
MPPLIMP
CP N N
OH?D+P
INON(
PM DCP ON =
DPKM
D+ JPJ
J ! ! ! ! ! ! !
L H PI OONK
O N ,P O
>LOJ9NN P
9IJL=
!!!!
!! !
*N 1?BNKGF
@N
NGAL*NP
J KOO
AK M
PHL K P
KHL NPNI JKMN
OIPKFLMN
PF CMOP $E
<HJ=1?BON
'EOD
MOPJ<PJ
INPN17?
39 9I
H2 MOJ JG
OD)?OO"MO
?MPP
:E <HJ P
JOION
3 M J
PJ H2
D O
IPGK
N 6P
PKK >: .G
NLL
I OM
NPHO
OMJM
6LBP JNIPK
J OD
PKJ?NL
4O
!! !
0GOIJ
PJ N OF O
AM O MPFL NON
PFN
OL JPO
MO N 'E@>EE ;
BOGCPJGLO
O 8E8E@8E:E/POONP
PJGF O
3P
H2PN KJ
NPK JIPKMNIN
MN PO N
PJ DO
JPK !P4OPL
MJO;K
N BN BN)
!!! ! ! !! !!
! @H4OPL LN
ONODOPJ NCPN
P !! ! ! ! !!
! !!! !! ! @P
NAOPK
OON4I !!!
!! M#J=
B KO
MFO
PP
P
AL
IMF
PP
%NN
K
P
O
; 8OIH@
PNJOPK
M ; PIN
K L PN
!!! 0 N
B H PKK
! 7 BOO
3 2 J
O
! !! 7 NP
LM5
!!! B JNP
O
! ! ! B
=PJKLKKL
K MN
GL O
P
!! DPN
0 K NI O
N5
!! !! B N;
K
! 6 MOL
MH PP
! 4P
DHN<ON N
OM5 N M5
N5
!!!!!! ! DPJM
JGF@ NN5
!! ! B N
P
! !! !!! B N K
O
!! !! 9N< G
II MKMM
KF
510272234.035.png 510272234.036.png 510272234.037.png 510272234.038.png 510272234.039.png 510272234.040.png 510272234.041.png
'GMPCNMGP LPKO?BP !>HAP L1INOBPDJF<8P 6MP 'L?PHAO
KNMPIMPCNMPKOPIMEPHFCP9LP?NDJPKMP7LP>BJNOP<>PI NKP;
EMGPIMKPD=NPIL=PHALPIM=PI NP9NN:P&OP@LPBO<P@>P9?NDJP;
KLP1DN8P6MPNP9NOP?MP6FPJO BOP?MPALPN KNMPCOPCFPEOC
6OBPKFD3PNKPEMPGMPH0I:PLPJ>PCNMPCF8P6MP!>PHA>P@GOIP;
BFPKNMPC07<P@LPINMPBJNM28PO?MPCLP7<LPC>P=MP7LP'P;
;LIMPJOP@?MPDJMPIFPCFP1?N2PDL1P?M@PHJMP7L:P
-NMPCF8P6MP!>HAP9OGPBJLPD3DNO<P@LPH<O2PEGLPD34P6L<P;
KNMPGJFPN H@GJ4PE>P@LB 7INMPBJNPHEMP?NP9N=PHANMPKNMP9L8
O?MPI ALPHJFPA>PJ CNP?NPEOGPKFPCNPJOP9OIPAOPCNPKNMPJKOP;
?OJ<PKND8PDLP9FPHN4PBL EMP7LPKOBOPIOP<L:P-L=PKO I NP;
9NNP =MHEP @NMGIPHJ5P IL=PK5P EMD3PKLP?LP7NDJPK5P 9NLPG5
IKNM=P>BJNO<PJOPOIOKPHLPIOPKMPEMD3PKLP?LP7NDJPKNMPLAG4P;
EFPN HOPCLP?LPEF8PO KNMPIFPGJ>PDOPKNPKO 9GJM7PCOPGNPKMH
I L@OKPDMPGJLPKFD3P@LP=OJPBOD3PJ AOPGOP9NPKOPCNPI G4PA>:
P HOPCLP?LPE0IP 9LP=LPIFD3P P;+8P AE0PGM
KOBOPIOP<FP9FPHN4PBL ?OPEOPKNOPOBPBOP.NMPC>PKOB 7<LP;
I5:P!MLPGMPEFDJPKNM:P
-MPB<>7PL.NPD=O?PKM=PNKP.LGPCOPD=NP(")8PHOPCLP?LPEF
P;+P 94PB5P @LPHNOPBOP<FP @M<PKMP CL6P?NPILP1DNP 9LP=LPIM
I COP=> ,/+PG:PLP@NMPGLPI0IPDJOHPJLPHEOPK5PNCPJOP;
NCP@?MPCMKPELPIOPKMPIHJFHEPANMP@LPEGJM9PKMPHFHPEMPCF:
L EM=P@LPGFPCLP75PHN4P<OBPKNMP@GMPJMKPELPIO2PKO @LPAOP;
JOD3:P!L8PI DLPJOPL@OPEGJLPKMPH5PKOPHJMPP;+PKO D3INP;
?4PL9MDPK58PO I DLPKNMPH58P=MHEPEOP=MCPKNPD5PIL=PHALPI5
N EG>BPKLPHN4PEMP7LPBLPINMPBJNM2:PMBPKOAPJMPH@LPAL=P;
KFCPH>PCNMPKNMCPCL6PKO @GJFP=528P6MPIN4APHJLP1DNP@LP;
EGJM9PKFD3PGJMPDJFPKO GOPJNMPKNMP@LPHNOPBOP=5:P
)NMPCOPCFPEM6PLBP@LPINMBPKNM=P?NDJP9FP@GJMPHJALP?LP;
KFD3P@NP?LPE0I:P".NPD=O?PKNMP(")P@LPBOP=M8P6M P@N?LP;
E0IPCOPIFPHJALP?MPKNMPBL @LPJNLPC>PDLCP9OEPGMPOBF
BL ?OPEOPKNOP KO P;+P CLP6MP KNMP EF?PALP ?MPDNM28P O?M
N >6FPIO2PHOPCLP?LPE>P=OPALPCOPHJFPKFP9LP=LPIM=:PF2
CLP6M8PO?MPBL NKP.LGPCOPD=NP(")PKOP?MP6FP@LBPD3LP;
BJN2P 9OGPBJLP KNMP>.PKNM:P 'FPEOPKNMP DJFP COP=5P LKN
IHJFPHDFP?NPDMKPD=MPKO EOKPALPIOPKNMPI @LPINMPEGJ>PEL
JOPHOBPKNPDJFP@>KAEPIFP@GOPIFPBL NP9NNPLGOJP@OP@NMP;
GFPKO ?OPEOPKNMPI JMPH@LP<OD3PCN4PBJFPKOPGLPBLPIFD3
" KOPHJFD3PHEOPGFD3PBLP9GFD3P(NP7OD3P;,8PAE0PGM
(")PDN5P7?MPCLPBMGPKNPJ>P=MPI KO=P9?N6PHJFD3P?OP;
EOD3PD3DMPIFPBO2PKO ELP@LPKOB +,/PC?KPJ<8PDLPLJKOP;
DJO8P6MPJCLPBMGPKNPJ>P=MP=MPEF?PALPEGLPD348PKOPIMEPKNM
IH@LPCNPKOPCF:
$9FPD3L2PHFCP9LP?NDJPKNMPJOPNHEPKNM2PI NP9NN8P@LP;
INKPKNP1CFPIFPH<O2PEOCPDLPKO=PCKNM=PA?>DJPP;+8
DJFP?N PHOPCLP?LPEF8PO BL EMP7L +/P@NP?LPE0I:P!FP?MPIFP;
H<O<PKNMPINM?PANPOPEOG:
,P.GMP7OPEFPGOPANMPELPIMPEFP@>P"?NPMGPOPJOGB
'MGPGFPLP1DN>HJPALPN '>P<OPHAN:POPGFPKOPGLPB>
OCMPGFPAO#PHANMP7L:P !MP BIO
INM?PANMPA?OPCLPEFPBLPHEOP?NP1CF
=>6PKNMPH@GOIPKMPN =MPBMKPH<>P6F
JO BLPHEOIPD4P DJ4P1DNP JOPCNMKP;
KFD3P B?OP BG>P7NMP7L:P LHJE
EJI:P EGOKHP.MPG>P EFD3P .GMP7OE
J *$P BL 'L?PHANP IFPKN0H<
LA: %%8%P C?KP BLP?OPG0I
LA: +8%PC?KPBLP?OPG0IPHEOPKLP;
INP<FP OCMPGFPAO#PHANMP 1GLBPAN
@LPCLPDLPIMP@GLP7GOPC>PJ .>KP;
B>PHJ>PLPGMPN7KP(NP?NPEOPGFPNP;
KOKPDNK7:P 'LPEMCP C>PHNMP?NP;
1CFP KNMP>HEOKPKNMP I KNM
IA<OPBO2P ALP?M=PKMP CNP?NLPKF:
- ?OPEOD3 ,//%,//PC>PHNMP;
?NP1CFPK@:P$CMPGFPAOPKLCPJOP;
@<OPDN2P JO DJ4P1DNP JOPCNMKPKM8
>H<>P7NPHMGPINPHLPIMPN KOP@GOPIF
LA: 8 PC?KPBLP?OPG0I:P- HOP;
CFCP GLPA> ,//P ALHJEP KOP;
@GOIP '>P<OPHANMP7LP @LPD3<LP;
K5< 8%PC?KPJ<8PO LP1DN>HJP;
AN , PC?KPJ<:P(")PI<OP1KNM
7<LPINP HN48P HA5BP IFPEGJOP;
HK52 %/PC?KPJ<PKO ND3PALP?M=P;
KFP GMPCLKE:P "KMP @LP@<FPK52
KO (LPGJMP G0BPJNMCPKMP KNM
CLP758P9LPKNMPH5PI HEOPKNM:
=MBPK5PALGPIMPE4PINMP;
?LPJOPBOPKNLPI5P EFP@>P OIPGLK:
M=P @LPH<O2P KNMP CLP6MPCF8P 9L
LB GLPA> ,//+P=MHEPI EJI:P9>P;
BLPINM:PJNPHNO=8P@L +/P?OPEOD38
@LPBL9PKLP =MHEP =>6P >AL#PDJLP;
KO I /P @GLPDMKPEOD3P HMAPD=O
KOBP9>PB0IPAN:P-MPB<>7P(")
9>PBLPIOP ALGPIMPEFP COP HN4P JOPAL#PDJF2P J7LBPKNM
J @GLP7GOPCMCPL@MPGOPDF=PKFCP(LPBMGPKNPJOPD=OP(OP;
GFPKOGPANP-LP=MKPKM=PI GLPA> ,/+%:P3L2P1CNMPCF
I5EP@NP2:P &I<OHJPDJOP 6MP OIPGLKP 9>PBLPIOPKFP =MHE
I *ELDJPKNP(OPGFPKOGPANP-LP=MKPKM=8PAE0PGOP?OPBOPCLP;
CMKEPJ9OKPAG>PE>P=MPKO OCMK:P'>P12PCFP=MBPKOAPILP;
BJMP.OKPEOPJ=NP(")PJKO=PBJNMPALP?M=PKMPHMEPANPCNP?NLPK0I
KO BLPAL#PDJMPKNMP OIPGLPKO L.NPD=O?PKNMP HJOPDLPIOPKF
ALHJEPEMP7LP@GJMBPHN4PIJN4PDNOPCOPHN4PJOPCAK52PAILP;
E5 +8 PC?BPJ<P9MJPGOPANMEPN ELGP@MBP=MBPKLHEPAOPL7KNO
KO EMP7LPEFP@>PLAG4PDNMPELPBLPBOEPALPIM ,%/PC?KPJ<8
HELDJPKNOPJOPHNP?LPKO AOPH5PJ $7MKPD=NPLJPILP=>P'GJMP;
CFPH<>P @GJMPEGIO8P O IL=PKO I NP9NNP @LPEGIOP BL
,/+% G:P-EMPBFPN EOAPKOHJP=MPBFPKFPOIPGLKPKO (LP;
GJMP G0BPJNMCPKMP KNMP @LP@<FPKNM:P MHEP ELP 9LPINMC
LAG4EPKNP=OPAN:PMP7LPINMP?LPJOPBOPKNLPIL12P@LPILPB>P=M8
6MPKNMPINOPBLPCL8PBL DJMP7LPHN4PKOPBOP=MPN KO =OPAN
OAIMKP=MHEP@GJMPJKOPDJLPKF:PMHEPJO COP<F8P6MP9FP@LP;
HOPBJN2PKO KNCP1CNP7<LPINMDPJGMHJPE5PKNMPCOP3OKP7OP;
G>PO?P9LP@GJMPINM2PD3L2P9FPBIOP@?>PELPKFPALPCOKP;
BLPH0IPJMPH@GJ4PEMCPKNMPCOPCNM=PHDOPKO HA<OPBLPIOP;
KNMPKOPIME ,PALKPEMPKMPG0I:P)NMPCLP6MPEM6PH<>P6F2
BL HEGJMP?OPKNOPI ANMPG>KPA>P?5PB>:PJFP?NPKNMPKOPBOP=M
HN4P BL BOP?MPALPCLGPHAND3P L@MPGOPD=NP @GJFPIGOPDOPKNO
BMPCLPAGOPD=N:P)O @<FPIOPKNMP@L O<PEFPA>PALGPIMPEO
INMP?LPJOPBOPKNLPIOP=MHEPJ ALP?MNPJO B>P6O:P
7MPKMPGOP<LPINM8P OBPCNPGOP<LPINMP N @LP?NPEFPDF
D3DNMP?NP9FPCNM2PIHJFHEPANMP7LP@L EGLPD3>PLAG4PE0I
N HOPCLP?LPE0I:P!FCPDJOPHMCP@GOIPBOP=MHEPLDJFPINPHEO
KNMPHEO2PKOHPKO EL:P(LP6MPCFPGLJPINP=O2PEF?PALP=MPBMK
GLPBJO=P IL=HAP IFPCOP7OP=5PDFD3P IFPHLPALP H@MPD=OP?NP;
HEFDJPKM=PEMD3PKNPAN8PDJFP?NPALHJPELIPKFD3:P$?P9LPCOP;
GFPKOGPA48PO?P9LP?LEPKNDPEIL:P)OPHJMP@LP<LP6MPKNMP7MLP7GOP;
.NDJPKM8P@LP?NPEFDJPKM8PHLP=>HJPKNPDJMPIHAOPJ>P=M8P6MP@LP;
INKPKFPELP9F2PHOPCLP?LPEF:PFP<LPELPLDJFPINPHEMPINMP?M
?OEPEMPC>8P=MHEPBJNPHNO=PN 94PBJNMP@LP=>PEGJM:P
)O @FPEOPKNMP@OPKNPLPEFP7N8PDLPJGLP9N<P9FPOPDJF#PHAN
I H@GOPINMPNP9NN8P7BFP9FP9F<P@GMPCNMPGMC8PEGJMP9OPLBP;
@LPINMPBJNM2PAG0EPALP70IPKLP9FPJGLP9N<:POPGLPH<OI :8
AE0PGFP BLPCOP7O<P9FP HN4P @L?PHANMP7LP >DJMHEPKNDPEIO
I KOP=MPBJNMP KO NP9N48P 7BFP9FP 9F<P @GMPCNMPGMC8P
EOAP6MPC>PHNO<P9FP7GJMP9O2PI EFCPHOPCFCPALPHJFPA>
J JOP9OIPAOPCNPCNP?NPEOGPKFPCNPN EOAP6MPKNDP9FPJ KNMP7L
KNMPIFP7GJMP9O<:P*NP<OPIF6PHJO:P)O BGJINOD3PBL HELP;
BLP<FPEOCPKNMP@LP?MPDNPCF8PO KO BC>PD3OPKM=PL@LPKNM
KNMPBLP@<FPKNMPCF:
LP9MGEP &OPINPHJOP =MHEP A?OPINPHJMC:
'LPDJ5EPALPILPEFPGO<PI IN4PJNMPKN>PI *NMP;
B?PDOD3P N I<OP1KNMP E>P IFP9>PBLPIO<P DO<P;
ANMCP LAOPJOP<FP BLC:P MP7LP AOPGNMPGOP KOP;
9GOP<OPEMCP@O8P7BFPCNPKNPHEGMCPH@GOPINMP;
B?NPILP1DNP JLPHEO<P &9NP7KNMIP &NLP9GL:
- KNMPH@M<PKO @0<PELPGOP GLPA>P J COP=LPGO
HEO<PHN4P7MPKMPGOP<MCPN J @GLPINKPD=LPKO?PKMP;
7LPCOCPGOPEGOP.N<PBL HELP?NPDFP=OPALPBFPGMAP;
ELGP N>PGOP LPJLPG>P ?MAPEGLPKNDJPKMP7L
MKPEGO?PKMP7LP &OPGJ5PB>P *<>6P9FP -N4P;
JNMKPKM=:P&7LBPKNMPJ >HEOPI5PL H<>6P9NM
IN4PJNMKPKM=P
:P'LB IOPG>KPANMCP6MPKNMPCOPCNMHJP;
AOPKNOPI CNM=PHDLPILP1DNP@M<PKNMPKNOPH<>6P;
9FP?>9PI @LP9?NPHANM=:P(NM=PHDLPIL12P@LP;
9?NPHAOP BMP.NPKNLPIOPKO =MHEP =OPALP EOPAO8
BL AE0PGM=PBLP=OJBPI L9NMPHEGLPKFP1GLBP;
AOPCNP@>P9?NDJPKFPCNPKNMPJO=PC>P=MPIN4PDM=
KN6 ,P7LPBJNPKF:PLP?M=PJ *NMPB?MDPBL -OGP;
HJOPIFP =MPBJNMP 7LPBJNPK4P N AIOPBGOKH:
- L9NMPHEGLPKFPEL ,8%P7LPBJNPKF:P$ IN4D
KNMP CL6PKO >JKO2P EM=P CNM=PHDLPILP1DN
JO @LP9?NPHA5:PMPKMPGOP<LPINP&OPINPHJFPKOP;
?MP6OP<LPHN4PCNMHJPAOPKNMPI HELP?NPDF:P
)O=P@NMGIPEINMGPBJN<8P6MPKNMPJOPCNMPGJO
@GJMPKLPHN2P HIMP7LP DMKPEG>CP 6FPDNLPIMP7L
BL -OGPHJOPIF:P?OPEMP7LPI ,//PG:P@GJFP;
JKOPKLP C>P AIOPEMPG4P EFCPDJOPHLPI5P @GJF
>?:P*LP?MD:P- ?NPHELP@OPBJNM ,//PG:P7MPKMPGO<
JCNMPKN<P JBOPKNMP N HAGL9PK5<P IKNLPHMA
L @GJFPBJNO<PCNMHJPAOPKNO8POGP7>PCMKPE>P=5D8
6MPHFKPGLJP@LPDJ5<PHE>PBNOPKO >KNPIMGPHFPEMP;
DNM8P D0GPAOP EM6P KNMP9OPIMCP JLPHEOPKNMP HE>P;
BMKEPA58P=MP7LPDMKPEG>CP6FPDNLPIMPJLPHEOPKNM
IN4DPBMP.NPKNPEFIPKNMP@GJMPKNMPHNLPKMPJ *NMPB?MD
BLHELP?NPDF:P-LP9MDPEMP7LPI,/+/PG:P@GJFPJKOP;
KLPC>PBG>P7NMPCNMHJPAOPKNMPP/;CMPEGLPIM
?LPA>CP@GJF OPALPINMDPANM=:P& CL6P?NPILP;
1DN5PJOPCNMHJPANPIOPKNOPI KNCPBLP6FPILEPKNL
N L@D=5PJOPA>P@>PJO AN?PAOP@GLPDMKEPIOGPELP1DN:
MPKMPGO<P &OPINPHJOP COP JOPEMCP @GFPIOEPKF
BLCPI LBP?MP7<FD3PL / AC *NMPB?PDOD3:
FHP@LPK>P=MPEM6PBILPCOP?LPAOP?OPCNPH<>6P9LP;
IFPCNP I -OGPHJOPINM8P J AE0PGFD3P =MPBMK
CLP6MPJO=PCLPIO2PKO INMPANPINMPA0I8PO KOP;
IMEPHEO2PHN4P=MP7LPI<OP1DNPDNMP?MC:P
>PNJOP*OP<OP@O8PGJMDJPKNAPMKPEGO?PKMP7L
&OPGJ5PB>P*<>6P9FP-N4PJNMKPKM=8PEINMGPBJN8
6MPHFPE>POD=OPEOPKNMP=MHEPDJFC1PKOBPJIFP;
DJO=PKFCPN IHJFHEPALP=MHEPJ7LBPKMPJ @GJMP;
@NPHOPCN:PLP@GOIPBOP@GJFPJKOP=M8P6MP7MPKMP;
GO<P KNMP @LPINPKNMKP JO=PCLPIO2P BI0D3
CNMHJPAO#8P O?MP BLPBOP=M8P N6P ?LPAO?P @GJF
>?:P*LP?MDPELPAIOPEMPGOPEFCPDJOPHLPIOPN I<OP;
1KNMP=MHEPL@G06PKNOPKO:P
-FP7?5PBOPKO EL8P6MPL@G06PKNOPKNMP?LPAOP;
?>PELP@GLPDMHPB<>P7LPEGIOP<FPN HALCP@?NPALP;
IOPKF:P(NMHJPAOPKNMP@GJF *L?PD>P7MPKMPGO<
L@G06PKNOP9LPINMCPLB HNMG@PKNOPJMPHJ<MP7L
GLPA>:
A?OPINHJP CLP6MP I EMKP H@LPH09P KOP9F2
+/PCNMHJPAO#PN KNAEPC>PKNMP@LBPHALPDJF:
BFPI >9NMP7<FCPGLPA>PKLPIMP?NPJLPIOPKL
>HEOPI4PL H<>6P9NMPIN4PJNMKPKM=8P9FP<OPHJOKPHO
KO EL8P9FPJ CNMHJPAOPKNOPCNPJGLP9N2P@LPGJ5P;
BMA:P$?MPD3L2P@GJFPCNMPGJOPKLPHN4PBLI@GLP;
IOPBJMPKNOPJOP@NPH0IP>@GOIPKNOP=5PDFD3P.>KAP;
D=LPKOPGN>PHJFPBL LEGJFPCFPIOPKNOPIFP<5DJPKNM
AIOPEMGPEFCPDJOPHLPIFD38PIFPHJ<LP=OAPJIFP;
A?M:@FPEOPKNM8PB?OPDJMP7LP@LPBOEPKNAPCOP.>KP;
BLPIO2P CNMHJPAOPKNOP ALCP9NPK>P=5PDFCP A?OP;
INPHJLC8PIDN56P@LPJLPHEOP=MPLEIOGPEM:P
$ DLP7LGPHJOPI @LPJLPHEOP<FD3PH<>6P9OD3
C>KPB>PGLPIFD3PP@LP?NPD=N8PIL=PHA>8PHEGOP6F
@LP6OGPKM=8PHEGOP6FP7GOPKNDJPKM=PPHFPE>POD=O
IFP7?5PBOP@LPBL9PKNM:P-MPIHJFHEPAND3P9LP;
INMCP.>KAPD=LPK>P=5P@GJMP@NPHFP>@GOIPKNOP;
=5PDMPBL LEGJFPCFPIOPKNOPCNMHJPAO#PH<>6P;
9LPIFD3PN ALPGJFPHEOPKNOPJ @LPCLPDFP.NPKOKP;
HLPIM=P @GJF JOPA>P@NMP ?LPAOP?NP N BLPC0I:
!FCP HOPCFCP 7G>P9MP CNP?NLPKFP @LPBOEPKNP;
A0I8P JOPCNOHEP EGOP.NO2P KO =OPAN1P J9L6PKF
DM?8PK@:PKO 9>PBLPI4PIN5PEFPKNP"@OEGJPKLP;
1DNP LP6M=P O?P9LP LBPINMGPEFP FPBJFPAO8
IH@LPCOP7OP=5P NKPEMPGMPHFP KNMPJIN5PJOPKMP JM
H<>6P95PA>PD3IOP?MPL=PDJFPJKF:P'GJF DJFC
IFPBOEPANPGLPHK5PKNMPEF?PALPI IN4PJNMKPKNDP;
EINM:P )@:P .>KAPD=LPKOPGN>PHJMP *P I JMP;
HJ<FCPGLPA>PLEGJFPCOP?NPJ EFPE>P<>P@LPCLPDF
.NPKOKPHLPIM= % ,/P EFH:P J<P P @GOPINM
L C?KPIN4PDM=PKN6PGLAPIDJMP1KNM=:
*J>PAOP=5PDFP LHJDJ4BPKLP1DNP GJ5BP @LPINP;
KNMKPJOP=52PHN4PCNMHJPAOPKNOPCNPB?OPC>KP;
B>PGLPIFD3PI EGFP9NMP@N?PKFC:P$?MP9FPJOP;
D3LPIO2PHELP?MDP@GMPCNMPGO8PJ M?MAPELPGOPEMC
I >KNP.LGPCOD3P JOPBJNMPGO2P KNMP IOGPEL:
&I<OHJPDJOP@GJMB IFP9LPGOPCN:P'LPINMPBJMP;
KNMP&O C>KPB>PGMCPCNMHJPAOPKNOPHJK>P;
GMC8PB<>P7LP@LPJLPHEOPKNMPIN4DPOAPE>PO?PKM:P
$ EMPGOJP94PBJNMPKO=PHCODJPKNM=PHJM:PL
7BFP 7MPKMPGO<P JOP@GOP7KNMP A>P@N2P CNMHJP;
AOPKNMP @GJF OPALPINMDPANM=8P LEGJFPCO
LB H<>6P9FPIN4PJNMKPKM=8PDJFP?NPLB @LPBOEP;
KNPA0I8P9MJPJIGLEPK5P@LPCLDP.NPKOKPHLPI5
I IFPHLPALP1DN ,%P@GLD:PDMPKF %/;CMPEGLP;
IMP7LP?LPAOP?>:P!LPAN?PAOPBJNMPHN5EPEFH:PJ<LP;
EFD3:PMP9FPBLPHEO2PE4P.LGPH48PIFPHEOGPDJF
@LBPEGJFPCFPIO2PEMLPGN4PL @GJMPKNMPHNMPKN>
BL -OGPHJOPIFPDMKPEG>CP6FPDNLPIMP7L:POA
@GJFPJKOP=MP>PNJOP*OP<OP@O8PH<>6P9OPIN4P;
JNMKPKO KNMP=MHEPI HEOPKNMPJ9OPBO28PDJF
GJMPDJFPINP1DNMPJLPHEOP<LPLKLP@GJMPKNMPHNLP;
KM:PN57PBO?PHJFPCLP6MP9F2PIN4DPEOPAN
7MPKMPGO<P BLPHEOPKNMP @LPCLDP .NPKOKPHLPI58
A>P@NP?LPAO?P@GJF OPALPINMDPANM=8P94PBJNM
I KNCPCNMHJPAO<PIGOJPJ HFPKMC8PO D0GP;
AOPJ 6LPK5P@LPJLPHEOPK5PI BLPC>PI *NMPB?P;
DOD3:P)OPHE4@PKNMPI COP=MPHEOPDNMP@GOPIO
@GJMP@NPHJMP CNMHJPAOPKNMP KO HFPKO8
@L DJFCP IFPHE5P@NP BL CNPKNPHEGOP H@GOP;
INMPB?NPILP1DNP L @GJFPBJNO<P ALP?M=PKMP7L
CNMHJPAOPKNOPH<>6P9LPIMP7L:P-OPGNOKE8P6M
H@GJMPBOPBLCPI *NMPB?PDOD3PN IHJFPHDF
@GJMPKNLPH5PHN4PBL HELP?NPDF8PEM6P=MHEPCL6P;
?NPIFPN BLP@>HJPDJO?PKFPNEB:P(L6P?NPIL12
EOPA5P HEIOPGJOP=5P NBNLPEFDJPKMP @GJMP@NPHF:
!G>BPKLPHN4PBJNPIN28P6MP.>KAPD=LPKOPGN>P;
HJMPKOPBMGPD34EPKNMPJ KND3PALPGJFPHEOP=5:
JN4PANPKNCPCLP75PJO EOPKNLPD34PA>P@LP;
IO2PCNMHJPAOPKNOPN ALPGJFPHEO2PJ @LPCLPDF
.NPKOKPHLPIM=:P
-FPBOEPANPEMPDJFPKNLPKMPH5PCNPCLPDN5P;
7<FD3P KOPGJMPAO#P H<>6P9FP IN4PJNMKPKM=
KO 9GOAP1GLBPA0IPKO JOPA>@P@OP@NMPG>PELP;
OP?MPELPIMP7LPN KNMPCL6PKL12P@GLPIOPBJMPKNO
@GOPDFPGMPHLPD=OP?NPJOPDF=PKM=PJ @GOIPBJNPIMP7L
JBOPGJMPKNOP I @GJMP@M<PKNLPKFD3P IN4PJNMP;
KNOD3:
- ,//PG:PA?OPINPHJM
J EFPE>P<>P@LPCLPDFP
KO JOPA>@PCNMHJPAO#
95BPBLPC0IPBLPHEOP?N
+/ , /PEFH:PJ<:P
LAP@0PKNM=PCKNM=P
IN4PDM=PEFP?MPHOPCL8PO?M
I ,/+/PG:PH>PCOP
@GJFPJKOPKM=P@LPCLPDFP
.NPKOKPHLPIM=PIFPKNLPH<O
=>6 + ++PEFH:PJ<:
$KNP*-8POKNPCNPKNPHEMGPHEILPLB H@GOP;
INMPB?NPILP1DNPKNMP@OPK>P=5PKOB HFPE>POD=5:
)@:PBFPGMAPELPGLPINPN>PGOPOBGPN *JALP?M#
&*-P@GJFPBJNMP?LPKLPCNMHJPAOPKNMPH<>6P;
9LPIMPI -OGPHJOPINM8PD3L2P=MHEPEOP=MCPKNP;
D5P@LP?NPHJFPKMP?O8P6MPCOEPAOP=MP7LP@OGEPKMGP;
ANP COP BLCP I )OBOPGJFPKNMP N BMP .ODPEL
EOCP =MHEP =MP7LP DMKPEG>CP 6FPDNLPIM:
$ )OBOPGJFKP BJNMP?5P LB HELP?NPDFP JOP?MPBP;
INM ,, AC8P=MHEPELPIN4DPCNM=PHDLPIL12
@LP9?NPHAO:PKPKFPIFPHLPANP.>KAPD=LPKOPGN>HJ
A>P@N<PCNMHJPAOPKNMPH<>6P9LPIMPIMP-GLKP;
AOD38P@L DJFCP@GJFPBJNMP?LPKLPC>PKLPIM8
KNMPBOP?MPALP -OGPHJOPIF: KNDP KNMP HELN
KO @GJMPHJALPBJNM8P6MP9FPN =MPI @GJFPHJ<LP;
1DNP IFPA>P@N<:P !MLPGMPEFDJPKNMP AO6PBFP
CN4PN KOPJINPHALP7MPKMPGOP<OPJCNMPKNLPKM:
510272234.042.png 510272234.043.png 510272234.044.png 510272234.045.png 510272234.046.png
Zgłoś jeśli naruszono regulamin