0B0AB@>D0 =0 %>4K=A:>< ?>;5

0=8G5A:0O 402:0, A;CG82H0OAO 2 >A:25 18 (30) <0O 1896 3>40 2 45=L =0@>4=KE 3C;O=89 ?> A;CG0N :>@>=0F88 8 @0 8:>;0O II, ?>;CG8;0 =0720=85 %>4K=A:>9 :0B0AB@>DK.

%>4K=A:>5 ?>;5 1K;> 4>AB0B>G=> 1>;LH8< (>:>;> >4=>3> :204@0B=>3> :8;><5B@0), >4=0:> @O4>< A ?>;5< ?@>E>48; >2@03, 0 =0 A0<>< ?>;5 1K;> <=>3> ?@><>8= 8 O<. !;C682H55 @0=55 CG51=K< ?;0F5< 4;O 2>9A: <>A:>2A:>3> 30@=87>=0, %>4K=A:>5 ?>;5 @0=55 =5 8A?>;L7>20;>AL 4;O =0@>4=KE 3C;O=89. > 53> ?5@8<5B@C 1K;8 ?>AB@>5=K 2@5<5==K5 B50B@K, MAB@04K, 10;030=K, ;02:8, 2 B>< G8A;5 20 45@52O==KE 10@0:>2 4;O 15A?;0B=>9 @0740G8 2>4:8 8 ?820 8 150 ;0@L:>2 4;O @0740G8 15A?;0B=KE AC25=8@>2 ?>40@>G=KE :C;L:>2, 2 :>B>@KE 1K;8 @07;>65=K 1C;:8, :CA:8 20@5=>9 :>;10AK, ?@O=8:8 8 D0O=A>2K5 :@C6:8 A ?>@B@5B>< F0@O.

><8<> MB>3>, CAB@>8B5;8 3C;O=89 ?@54?>;030;8 @071@0AK20BL 2 B>;?5 <5;:85 <>=5BK A ?09 =04?8ALN. 0G0;> 3C;O=LO 1K;> =07=0G5=> =0 10 G0A>2 CB@0 18 (30) <0O, => C65 A 25G5@0 17 (29) <0O =0 ?>;5 AB0;8 ?@81K20BL A> 2A59 >A:2K 8 >:@5AB=>AB59 ;N48 (70G0ABCN A5<8 > ?>40@:0E 8 @0740G5 45=53.

?OBL G0A>2 CB@0 18 (30) <0O B>;?0, 6064CI0O >B:@KB8O 1CD5B>2, 10@0:>2 8 @0740G8 40@>2, 2 >1I59 A;>6=>AB8 =0AG8BK20;0 =5 <5=55 500 BKAOG G5;>25:.

1800 ?>;8F59A:8E =5 A<>3;8 A45@60BL B>;?K, :>340 ?> =59 ?@>:0B8;AO A;CE, GB> 1CD5BG8:8 @0740NB ?>40@:8 A@548 A2>8E, 8 ?>B>40@:>2 =5 E20B8B. N48 G5@57 OB>@K5 ?> A;CG0N ?@074=8:0 ;8HL ?@8:@K;8 4>A:0<8 8 ?@8AK?0;8 ?5A:><, @8=C;8AL : 2@5<5==K< 45@52O==K< AB@>5=8O<. 0AB8;K, ?@8:@K202H85 :>;4>18=K, @CE=C;8, ;N48 ?040;8 2 =8E, =5 CA?520O ?>4=OBLAO: ?> =8< C65 1560;0 B>;?0.

0740BG8:8, ?>=8<0O, GB> =0@>4 <>65B A=5AB8 8E ;02:8 8 ;0@L:8, AB0;8 1@>A0BL :C;L:8 A 54>9 ?@O<> 2 B>;?C, GB> ;8HL CA8;8;> ACB>;>:C. !<5B5==K5 ;N4A:>9 2>;=>9 ?>;8F59A:85 =8G53> =5 <>3;8 A45;0BL. 8HL ?>A;5 ?@81KB8O ?>4:@5?;5=89 B>;?K @0AA5O;8AL, >AB0282 =0 ?>;5 B5;0 70B>?B0==KE 8 87C25G5==KE ;N459.

A;CG82H5;>68;8 25;8:>28GC 8 8 @C 8:>;0N II. =8 =5 AB0;8 >B<5=OBL A2>9 ?@074=8G=K9 >154 2 5B@>2A:>< 42>@F5 (=540;5:> >B %>4K=A:>3> ?>;O). 12 G0A>2 4=O 8 @A:89 :>@B56, 54CI89 2> 42>@5F, 2AB@5B8; =0 4>@>35 ?>42>4K A B5;0<8 C18BKE 8 @0=5=KE, 70:@KBK5 @>3>60<8. 0 A0<>< 65 %>4K=A:>< ?>;5 >AB02H85AO 2 682KE ?@825BAB2>20;8 ?@>5760NI53> 8 @0 :@8:0<8 #@0!, >@:5AB@0<8, 8A?>;=O2H8<8 >65, F0@O E@0=8! 8 !;02LAO!. ;O 0@8AB>:@0B88 ?@074=5AB20 ?> A;CG0N :>@>=0F88 ?@>4>;68;8AL 25G5@>< 2 @5<;52A:>< 42>@F5, 0 70B5< ?@85<>< C D@0=FC7A:>3> ?>A;0.

> >D8F80;L=K< 40==K<, =0 %>4K=A:>< ?>;5 ?>381;8 1389 G5;>25:, 1500 ?>;CG8;8 C25GLO. @028B5;LAB2> AB0@0;>AL A:@KBL >B >1I5AB20 <0AHB01K A;CG82H53>AO, =0 :064CN A5381H53> 2K45;8;8 ?> 1000 @C1;59, A8@>B >?@545;8 2 ?@8NBK, ?>E>@>=K ?@>25;8 70 AG5B :07=K. 0 030=L:>2A:>< :;0418I5 A>E@0=8;AO ?0A2OI5==K9 65@B20< %>4K=A:>9 :0B0AB@>DK.

>A?><8=0=8O ;048<8@0 8;O@>2A:>3>

1896 3>4C, ?5@54 :>@>=0F8>==K<8 B>@65AB20<8, :> <=5 ?@85E0; . . !01;8= 8 >B 8<5=8 @540:F88 ?@>A8; <5=O 4020BL 4;O 3075BK >?8A0=8O A>1KB89, A2O70==KE A B>@65AB20<8.

:>;> 42CEA>B @CAA:8E 8 8=>AB@0==KE :>@@5A?>=45=B>2 ?@81K;> : MB8< 4=O< 2 >A:2C, => O 1K; 548=AB25==K9 87 2A5E ?@>254H89 2AN =>GL 2 A0<>< ?5:;5 :0B0AB@>DK, A@548 <=>3>BKAOG=>9 B>;?K, 704KE02H59AO 8 C<8@02H59 =0 %>4K=A:>< ?>;5.

0:0=C=5 =0@>4=>3> ?@074=8:0 25G5@><, CAB0;K9 >B 4=52=>9 :>@@5A?>=45=BA:>9 @01>BK, O ?@O<> 87 @540:F88 CAA:8E 254><>AB59 @5H8; ?>5E0BL 2 A:0:>2>9 ?028;L>= =0 %>4K=:C 8 >A<>B@5BL >BBC40 :0@B8=C ?>;O, :C40 A ?>;C4=O H5; C65 =0@>4.

=5< O >A<0B@820; %>4K=:C, 345 3>B>28;AO =0@>4=K9 ?@074=8:. >;5 70AB@>5=>. AN4C MAB@04K 4;O ?5A5==8:>2 8 >@:5AB@>2, AB>;1K A @0725H0==K<8 ?@870<8, =0G8=0O >B ?0@K A0?>3 8 :>=G0O A0<>20@><, @O4 10@0:>2 A 1>G:0<8 4;O ?820 8 <540 4;O 40@>2>3> C3>I5=8O, :0@CA5;8, =0A:>@> 2KAB@>5==K9 >3@><=K9 4>I0BK9 B50B@ ?>4 C?@02;5=85< 7=0<5=8B>3> . . 5=B>2A:>3> 8 0:B5@0 $>@:0B8O 8, =0:>=5F, 3;02=K9 A>1;07= A>B=8 A2565=L:8E 45@52O==KE 1C4>G5:, @071@>A0==KE ;8=8O<8 8 C3;0<8, >B:C40 ?@54?>;030;0AL @0740G0 C75;:>2 A :>;10A>9, ?@O=8:0<8, >@5E0<8, ?8@>3>2 A < 8 48GLN 8 :>@>=0F8>==KE :@C65:.

%>@>H5=L:85 M<0;52K5 15;K5 A 7>;>B>< 8 35@1><, @07=>F25B=> @07@8A>20==K5 :@C6:8 1K;8 2KAB02;5=K 2> <=>38E <03078=0E =0?>:07. :064K9 H5; =0 %>4K=:C =5 AB>;L:> =0 ?@074=8:, A:>;L:> 70 B5<, GB>1K 4>1KBL B0:CN :@C6:C. 0<5==K9 F0@A:89 ?028;L>=, 548=AB25==>5 CF5;52H55 >B 1K2H59 =0 MB>< <5AB5 ?@>9 2KAB02:8 740=85, @0AF25G5==>5 <0B5@8O<8 8 D;030<8, 3>A?>4AB2>20;> =04 <5AB=>ABLN. O4>< A =8< C65 A>2A5< =5 ?@074=8G=K< 65;BK< ?OB=>< 78O; 3;C1>:89 @>2 <5AB> ?@56=8E 2KAB02>:. >2 H8@8=>9 A065= 2 B@84F0BL, A >1@K28ABK<8 15@530<8, >B25A=>9 AB5=>9, 345 3;8=O=>9, 345 ?5AG0=>9, A 87@KBK< =5@>2=K< 4=><, >B:C40 4>;3>5 2@5: 8 3;8=C 4;O =C64 AB>;8FK. 4;8=C MB>B @>2 ?> =0?@02;5=8N : 030=L:>2A:>. /5-345 ?>@>AH85 B@02>9, :>5-345 A CF5;52H8<8 3>;K<8 1C3@0<8. A?@020 : ;035@N, =04 >1@K28ABK< 15@53>< @20, ?>GB8 @O4>< A :@05< 55, A25@:0;8 70<0=G82> =0 A>;=F5 @O4K 1C4>G5: A ?>40@:0<8.

>340 O 2KH5; 87 '5@=KH52A:>3> ?5@5C;:0 =0 "25@A:CN, >=0 :8H5;0 3C;ONI8<8 <>A:28G0<8, 0 25@5=8FK @01>G53> =0@>40 A >:@08= AB@5<8;8AL ?> =0?@02;5=8N : "25@A:>9 70AB025. 72>7G8:>2 ?> "25@A:>9 =5 ?CA:0;8. / 27O; C !B@0AB=>3> ;8E0G0, =045; 5@@5A?>=45=B0< 4;O ?@>5740 2AN4C, 8 G5@57 =5A:>;L:> <8=CB, ;028@CO A@548 AB@5<8B5;L=KE B>;?, 1K; =0 A:0G:0E 8 A845; =0 10;:>=5 G;5=A:>3> ?028;L>=0, ;N1COAL ?>;5<, H>AA5 8 1C;L20@><: 2A5 :8H5;> =0@>4><. ><>= 8 4K< AB>O;8 =04 ?>;5<.

> @2C 3>@5;8 :>AB@K, >:@C65==K5 ?@074=8G=K< =0@>4><.


> CB@0 ?>A848<, 0 B0< ?@O<> : 1C4:0<, 2>B >=8, @O4>

AB0282 ?028;L>=, O ?>H5; =0 %>4K=:C <8<> 153>2, A> AB>@>=K 030=L:>20, 4C<0O A45;0BL :@C3 ?> 2A5;N 8 70:>=G8BL 53> C H>AA5. >;5 1K;> 2A5 ?>;=> =0@>4><, 3C;O2H8<, A8452H8< =0 B@025 A5<59=K<8 3@C??0<8, 70:CAK20O 8 2K?820O. %>48;8 <>@>65=I8:8, @07=>AG8:8 A> A;0ABO<8, A :20A><, A ;8<>==>9 2>4>9 2 :C2H8=0E. ;865 : :;0418IC AB>O;8 B5;538 A ?>4=OBK<8 >3;>1;O<8 8 :>@H04LN MB> ?>43>@>4=K5 3>AB8. (C<, 3>2>@, ?5A=8. 5A5;L5 2>2AN. >418@0OAL : B>;?5, O 27O; >B B50B@0 =0?@02> : H>AA5 8 ?>H5; ?> 701@>H5==>;>B=C 65;57=>9 4>@>38, >AB02H59AO >B 2KAB02:8: A =55 1K;> 284=> ?>;5 =0 40;5:>< @0AAB>O=88. => B>65 1K;> ?>;=> =0@>4><. >B>< ?>;>B=> A@07C >1>@20;>AL, 8 O A?>;7 ?> ?5A:C =0AK?8 2 @>2 8 :0: @07 =0B:=C;AO =0 :>AB5@, 70 :>B>@K< A845;0 :> < G8A;5 <>9 7=0:>7G8: "8E>= >B !;02O=A:>3> 1070@0, A :>B>@K< O G0AB> 5748;.

>60;C9B5 @N<>G:C A =0<8, ;048<8@ ;5:A5528G! ?@83;0A8; >= <5=O, 0 4@C3>9 53> A>A54 C6 8 AB0:0=G8: ?>405B. K?8;8. 073>20@8205<. / ?>;57 2 :0@<0= 70 B010:5@:>9. 4@C3>9, 2 B@5B89& =5B B010:5@:8! 2A?><=8;>AL <=5, GB> O 701K; 55 =0 AB>;5 2 A:0:>2>< ?028;L>=5. A@07C 2A5 ?@074=8G=>5 =0AB@>5=85 @CE=C;>: 254L O A =59 =8:>340 =5 @0AAB0NAL.


"8E>=, O CE>6C, O B010:5@:C 701K;!

, =5A<>B@O =0 C3>2>@K, 2AB0; 8 ?>25@=C; : A:0G:0<.

>;5 3C45;> =0 @07=K5 3>;>A0. 5;55B =51>. !B0;> A25B0BL. @O<> : A:0G:0< ?@>9B8 1K;> =52>7<>6=>, 2A5 1K;> 7018B>, :@C3>< <>@5 =0@>40. / 42830;AO ?>A@548=5 @20, A B@C4>< ;028@CO <564C A84OI8<8 8 ?@81K20NI8<8 =>2K<8 B>;?0<8 A> AB>@>=K A:0G5:. CH=> 1K;> 8 60@:>. =>340 4K< >B :>AB@0 ?@O<> >:CBK20; 2A53>. A5, CB><;5==K5 >6840=85<, CAB0;K5, :0:-B> AB8E;8. !;KH0;0AL :>5-345 @C30=L 8 7;>1=K5 >:@8:8: C40 ;575HL! '53> B>;:05HLAO! / ?>25@=C; =0?@02> ?> 4=C @20 =02AB@5GC =0?;K202H5<;5=85 C <5=O 1K;> =0 A:0G:8 70 B010:5@:>9! 04 =0<8 2AB0; BC<0=.

4@C3 703C45;>. !=0G0;0 240;8, ?>B>< :@C3>< <5=O. !@07C :0:-B>& 873, 2>?;8, AB>=K. 2A5, :B> <8@=> ;560; 8 A845; =0 75<;5, 8A?C30==> 2A:>G8;8 =0 =>38 8 @20=C;8AL : ?@>B82>?>;>6=>1@K2>< 15;5;8 1C4:8, :@KH8 :>B>@KE O B>;L:> 8 2845; 70 <5;LB5H0I8<8AO 3>;>20<8. / =5 1@>A8;AO 70 =0@>4><, C?8@0;AO 8 H5; ?@>GL >B 1C4>:, : AB>@>=5 A:0G5:, =02AB@5GC 157C<=>9 B>;?5, E;K=C2H59 70 A>@202H8<8AO A <5AB 2 AB@5<;5=88 70 :@C6:0<8. ">;:>B=O, 402:0, 2>9. >GB8 =52>7<>6=> 1K;> 45@60BLAO ?@>B82 B>;?K. B0< 2?5@548, >:>;> 1C4>:, ?> BC AB>@>=C @20, 2>9 C60A0: : 3;8=O=>9 25@B8:0;L=>9 AB5=5 >1@K20, 2KH5 @>AB0 G5;>25:0, ?@860;8 B5E, :B> ?5@2K9 CAB@5<8;AO : 1C4:0<. @860;8, 0 B>;?0 A7048 2A5 ?;>B=55 8 ?;>B=55 =01820;0 @>2, :>B>@K9 >1@07>20; A?;>H=CN, A?@5AA>20==CN <0AAC 2>NI8E ;N459. >5-345 2KB0;:820;8 =025@E 45B59, 8 >=8 ?>;7;8 ?> 3>;>20< 8 ?;5G0< =0@>40 =0 ?@>AB>@. AB0;L=K5 1K;8 =5?>4286=K: :>;KE0;8AL 2A5 2<5AB5, >B45;L=KE 42865=89 =5B. =>3> 24@C3 ?>4=8<5B B>;?>9, ?;5G8 284=>, 7=0G8B, =>38 53> =0 25AC, =5 GCNB 75<;8& >B >=0, A<5@BL =5<8=CG0O! :0:0O!

8 25B5@:0. 04 =0<8 AB>O; ?>;>3 7;>2>==KE 8A?0@5=89. KH0BL =5G5<. B:@K205HL @>B, ?5@5A>EH85 3C1K 8 O7K: 8ICB 2>74CE0 8 2;038. :>;> =0A <5@B2>-B8E>. A5 <>;G0B, B>;L:> 8;8 AB>=CB, 8;8 GB>-B> H5?GCB. >65B 1KBL, <>;8B2C, <>65B 1KBL, ?@>:;OB85, 0 A7048, >B:C40 O ?@8H5;, =5?@5@K2=K9 HC<, 2>?;8, @C30=L. "0<, :0:0O =8 =0 5ABL,- 2A5-B0:8 687=L. >65B 1KBL, ?@54A<5@B=0O 1>@L10, 0 745AL B8E0O, A:25@=0O A<5@BL 2 15A?><>I=>AB8. / AB0@0;AO ?>25@=CBL =0704, BC40, 345 HC<, => =5 <>3, A:>20==K9 B>;?>9. 0:>=5F, ?>25@=C;AO. 0 <=>9 2>72KH0;>AL ?>;>B=> B>9 65 A0<>9 4>@>38, 8 =0 =5< :8?5;0 687=L: A=87C ;57;8 =0 =0AK?L, AB0A:820;8 AB>OI8E =0 =59, B5 ?040;8 =0 3>;>2K A?0O==KE =865, :CA0;8AL, 3@K7;8AL. !25@EC A=>20 ?040;8, A=>20 ;57;8, GB>1K C?0ABL; B@5B89, G5B25@BK9 A;>9 =0 3>;>2C AB>OI8E. -B> 1K;> 8<5==> B> A0<>5 <5AB>, 345 O A845; A 872>7G8:>< "8E>=>< 8 >B:C40 CH5; B>;L:> ?>B> 2A?><=8; B010:5@:C.

0AA25;>. !8=85, ?>B=K5 ;8F0, 3;070 C<8@0NI85, >B:@KBK5 @BK ;>2OB 2>74CE, 240;8 3C;, 0 >:>;> =0A =8 72C:0. !B>OI89 2>7;5 <5=O, G5@57 >4=>3>, 2KA>:89 1;03>>1@07=K9 AB0@8: C65 402=> =5 4KH0;: >= 704>EAO <>;G0, C<5@ 157 72C:0, 8 ?>E>;>452H89 B@C? 53> :>;KE0;AO A =0<8. O4>< A> <=>9 :>3>-B> @20;>. = =5 <>3 4065 >?CAB8BL 3>;>2K.

?5@548 GB>-B> AB@0H=> 703><>=8;>, GB>-B> 70B@5I0;>. / C2840; B>;L:> :@KH8 1C4>:, 8 24@C3 >4=0 :C40-B> 8AG57;0, A 4@C3>9 70?@K30;8 15;K5 4>A:8 =025A0. !B@0H=K9 @52 240;8: 0NB!.. 40209!.. 40NB!.. 8 >?OBL ?>2B>@O5BAO: 9, C18;8, >9, A<5@BL ?@8H;0!..

@C30=L, =58AB>20O @C30=L. 45-B> ?>GB8 @O4>< A> <=>9 3;CE> G<>:=C; @52>;L25@=K9 2KAB@5;, A59G0A 65 4@C3>9, 8 =8 72C:0, 0 =0A 2A5 4028;8. / >:>=G0B5;L=> B5@O; A>7=0=85 8 87=5<>30; >B 6064K.

4@C3 25B5@>:, A;01K9 CB@5==89 25B5@>: A<0E=C; BC<0= 8 >B:@K; A8=55 =51>. / A@07C >68;, ?>GC2AB2>20; A2>N A8;C, => GB> O <>3 A45;0BL, 2?0O==K9 2 B>;?C <5@B2KE 8 ?>;C682KE? !7048 A51O O CA;KH0; @60=85 ;>H0459, @C30=L. ">;?0 42830;0AL 8 A68<0;0 5I5 1>;LH5. A7048 GC2AB2>20;0AL 687=L, ?> :@09=59 <5@5 @C30=L 8 :@8:8. / =0?@O30; A8;K, ?@>18@0;AO =0704, B>;?0 @545;0, <5=O @C30;8, B>;:0;8.

:070;>AL, GB> 45AOB>: :>==KE :070:>2 @073>=O; =0;5702H8E A7048, ?@5:@0I0O 4>ABC? =>2K<, ?@81K202H8< A MB>9 AB>@>=K. 070:8 70 H82>@>B @0AB0A:820;8 B>;?C 8, B0: A:070BL, @0718@0;8 A=0@C68 MBC =0@>4=CN AB5=C. -B> ?>=O; =0@>4 8 428=C;AO =0704, A?0A0O A2>N 687=L. / 1@>A8;AO A@548 C15302H8E, :>B>@K< 1K;> C65 =5 4> :@C6:8 8 =5 4> ?>40@:0, 8, 2K@202H8AL, C?0; >:>;> 701>@0 153>2>9 0;;58. / @20; B@02C 8 5;, MB> CB>;O;> 6064C, 8 O 701K;AO. !:>;L:> 2@5<5=8 MB> ?@>4>;60;>AL =5 7=0N. >340 ?@8H5; 2 A51O, ?>GC2AB2>20;, GB> ;56C =0 :0<=5. >;57 2 704=89 :0@<0= 8 =0H5; B0< B010:5@:C& / ;560; =0 =59 8 4C<0; :0<5=L!


G5@BC A<5@BL! G5@BC %>4K=:0! >B >=0 345!

/ 2>A:@5A, A<>B@N =0 A25@:0NI55 A>;=F5 8 A0< =5 25@N. B:@K20N, =NE0N. 2AN CAB0;>ABL, 25AL C60A ?5@568B>3> :0: @C:>9 A=O;>. / =8:>340 8 =8G520;AO, :0: MB>9 B010:5@:5. -B> 1K; ?>40@>: <>53> >BF0.

5@538 =0 AG0ABL5, A:070; >= <=5, 40@O 55 5I5 2 1878 3>4C, :>340 O ?@85E0; : =59 2>9=K. MB> AG0ABL5 O GC2AB2>20;.

MB>B <83 O 4C<0; B>;L:> >1 >4=>< ?>?0ABL 4><>9, 27OBL 20==C 8 CA?>:>8BL A2>8E. / 701K; 8 3075BK 8 :>@@5A?>=45=BA:CN @01>BC, <=5 ?@>B82=> 1K;> 84B8 =0 %>4K=:C. / 1@>A8;AO ?> 0;;55 : H>AA5 <8<> AB@5BBC40 B>;?, 30;452H8E, B>@>?82H8EAO. 0 <>5 AG0ABL5, 87 A:0:>2>9 0;;58 2K5760; 872>7G8:. / 2A:>G8; =0 ?@>;5B:C, 8 5E0;8 ?> H>AA5, :8?OI54><. 72>7G8: <=5 GB>-B> 3>2>@8;, => O =5 ?>=8<0;, A 2>AB>@3>< =NE0; B010:, 0 C "25@A:>9 70AB02K, C28402 @07=>AG8:0 A 0?5;LA8=0<8, >AB0=>28; ;>H04L, AE20B8; B@8 0?5;LA8=0, 27O2 45=L38 87 ?@><>:H59 =0A:2>7L >B ?>B0 ?0G:8 =>25=L:8E :@548B>:. !J5; A@07C 420 0?5;LA8=0, 0 B@5BL8<, @07>@202 ?>?>;0<, 2KB5@ A515 ?K;02H55 ;8F>.

02AB@5GC 3@>60@=K5 DC@K, H;8 =0@O4K ?>;8F88.

!B>;5H=8:>2>< ?5@5C;:5, @0A?;0B82H8AL A 872>7G8:><, O B8E> A2>8< :;NG>< >B?5@ 425@L :20@B8@K, 345 2A5 5I5 A?0;8, 8 ?@O<> 2 20==CN; =0?CAB8; ?>;=CN E>;>4=>9 2>4K,

5A<>B@O =0 4CH8AB>5 , 2A5 65 GC2AB2>20;>AL 7;>2>=85. >5 @07>@20==>5, ?@>2>=O2H55 ?0;LB> O A?@OB0; 2 4@>20, ?@>H5; 2 :018=5B 8 G5@57 <8=CBC CA=C;.

452OBL G0A>2 CB@0 O ?8; 2 A51 C60A0E =0 %>4K=:5:
>2>@OB, G5;>25: 425AB8 =0@>4C ?5@54028;8! / <>;G0;.

!25689 8 2KA?02H89AO, O =045; D@0: A> 2A5<8 @530;8O<8, :0: =04> 1K;> ?> >1O70==>ABO< >D8F80;L=>3> :>@@5A?>=45=B0, 8 2 10 G0A>2 CB@0 ?>H5; 2 @540:F8N. >4E>6C : "25@A:>9 G0AB8 8 286C 1@0=4<59AB5@0, >B40NI53> ?@8:070=85 ?>60@=K<, 2K5E02H8< =0 ?;>I04L =0 B@5E DC@0E, 70?@O65==KE ?0@0<8 ?@5:@0A=KE 65;B>?538E ;>H0459. @0=4<59AB5@ >1@0I05BAO :> <=5:
>3;O48B5, ;048<8@ ;5:A5528G, ?>A;54=85 ?0@K ?>AK;0N!
>1JOA=8;, GB> A %>4K=:8 B@C?K 2>7OB.

/ 2A:>G8; =0 DC@C 157 ?0;LB>, 2> D@0:5, 2 F8;8=4@5, 8 ?> :0<5==>9 <>AB>2>9. 0@>4C ?>;=0 "25@A:0O.

@>B82 D01@8:8 !8C, 70 70AB02>9, ?>2AB@5G0;8AL 425 ?>60@=K5 DC@K, ?>;=K5 ?>:>9=8:>2. 7-?>4 1@575=B>2 B>@G0B @C:8, =>38 8 1>;B05BAO C60A=0O 3>;>20.

8:>340 =5 701KBL MB> ?>:@KB>5 @>7>2>9 ?5=>9 ;8F> A 2KAC=CBK< O7K:>

> =0?@02;5=8N : >A:25 ?;5B5BAO ?C1;8:0 A C75;:0<8 8 :@C6:0<8 2 @C:0E: ?>40@:8 ?>;CG8;8!

# 153CI8E BC40 =0 ;8F0E ;N1>?KBAB2> 8 B@52>30, C ?>;7CI8E >BBC40 C60A 8;8 157@07;8G85.

/ A>A:>G8; A DC@K: =5 ?CA:0NB. A5<>3CI89 :>@@5A?>=45=BA:89 18;5B 405B ?@02> ?@>E>40. / 84C ?5@2K< 45;>< : =0@C6=>9 ;8=88 1C4>:, :>B>@K5 =0 15@53C @20, O 8E 2845; 8740;8 CB@>< 87-?>4 =0AK?8. 25 A=5A5=K, C >4=>9 A>@20=0 :@KH0. :@C3>< B@C?K& B@C?K&

?8AK20BL 2K@065=85 ;8F, >?8AK20BL ?>4@>1=>AB8 =5 1C4C. "@C?>2 A>B=8. 560B @O40<8, 8E 15@CB ?>60@=K5 8 A20;820NB 2 DC@K.

>2, MB>B C60A=K9 @>2, MB8 AB@0H=K5 2>;GL8 O;=K B@C?0<8. 45AL 3;02=>5 <5AB> 3815;8. =>385 87 ;N459 704>E;8AL, 5I5 AB>O 2 B>;?5, 8 C?0;8 C65 <5@B2K<8 ?>4 =>38 15602H8E A7048, 4@C385 ?>381;8 5I5 A ?@87=0:0<8 687=8 ?>4 =>30<8 A>B5= ;N459, ?>381;8 @07402;5==K<8; 1K;8 B0:85, :>B>@KE 4CH8;8 2 4@0:5, >:>;> 1C4>G5:, 87-70 C75;:>2 8 :@C65:. 560;8 ?5@54> <=>9 65=I8=K A 2K@20==K<8 :>A0<8, A> A:0;L?8@>20==>9 3>;>2>9.

=>385 A>B=8! A:>;L:> 5I5 1K;> B0:8E, :B> =5 2 A8;0E 1K; 84B8 8 C<5@ ?> ?CB8 4><>9. 54L ?>A;5 B@C?K =0E>48;8 =0 ?>;OE, 2 ;5A0E, >:>;> 4>@>3, 70 4204F0BL ?OBL 25@AB >B >A:2K, 0 A:>;L:> C<5@;> 2 1>;L=8F0E 8 4><0! >381 8 <>9 872>7G8: "8E>=, :0: O C7=0; C65 ?>A;5.

/ A?>;7 2=87 ?> ?5AG0=>1@K2C 8 ?>H5; <564C B@C?0<8. >2@035 >=8 5I5 ;560;8, ?>:0 C18@0;8 B>;L:> A :@052. 0@>4 2 >2@03 =5 ?CA:0;8. :>;> B>3> <5AB0, 345 O AB>O; =>GLN, 1K;0 B>;?0 :070:>2, ?>;8F88 8 =0@>40. / ?>4>H5;. :07K205BAO, 745AL =0E>48;AO 4>2>;L=> 3;C1>:89 :>;>45F A> 2@5<5= 2KAB02:8, 7018BK9 4>A:0<8 8 70AK?0==K9 75<;59. >GLN >B BO65AB8 =0@>40 4>A:8 ?@>20;8;8AL, :>;>45F =018;AO 4>25@EC @CE=C2H8<8 BC40 ;N4L<8 87 A?;>H=>9 B>;?K, 8 :>340 =0?>;=8;AO B5;0<8, =0 =5< C65 AB>O;8 ;N48. !B>O;8 8 C<8@0;8. A53> 1K;> 2K=CB> 87 :>;>4F0 4204F0BL A52. 564C =8<8 >:070;AO >48= 682>9, :>B>@>3> B>;L:> GB> ?5@54 <>8< ?@8E>4>< C25;8 2 10;030=, 345 C65 3@5<5;0

@074=8: =04 B@C?0<8 =0G0;AO! 40;L=8E 1C4:0E 5I5 @074020;8AL ?>40@:8. @>3@0<<0 2K?>;=O;0AL: =0 MAB@045 ?5;8 E>@K ?5A5==8:>2 8 3@5<5;8 >@:5AB@K.

# :>;>4F0 O CA;KE0; =5C45@68<5E. K=CBK5 B@C?K ;560;8 ?5@54> <=>9, 420 2 872>7G8GL8E E0;0B0E, 8 >4=0 E>@>H> >45B0O 65=I8=0 A 87C@>4>20==K< ;8F>< 1K;0 =0 A0<>< 25@EC ;8F> =>30<8 87. !=0G0;0 87 :>;>4F0 4>AB0;8 G5B25@KE <5@B2KE, ?OBK9 1K; EC4>I02K9 G5;>25:; >:070;AO ?>@B=>9 A @0G52:8.

82>9 MB>B! :@8G8B :070:, 15@56=> ?>4=8<0O 53> :25@EC 87 :>;>4F0. >4=OBK9 H525;8; @C:0<8 8 =>30<8, 3;C1>:> 274>E=C; =5A:>;L:> @07, >B:@K; 3;070 8 ?@>E@8?5;:
=5 1K ?82F0, A<5@BL ?8BL E>BF0! 2A5 @0AE>E>B0;8AL.
>340 <=5 MB> @0AA:07K20;8, B>65 E>E>B0;8.

0H;8 >D8F5@0 A ?@>AB@5;5==>9 3>;>2>9. "CB 65 20;O;AO @52>;L25@ :075==>3> >1@07F0. 548F8=A:89 ?5@A>=0; E>48; ?> ?>;N 8 ?>4020; ?><>IL B5<, C :>3> 1K;8 ?@87=0:8 687=8. E @072>78;8 ?> 1>;L=8F0<, 0 B@C?K =0 030=L:>2> 8 =0 4@C385 :;0418I0.

420 G0A0 O C65 1K; 2 @540:F88, ?@8H5; 2 :>@@5:B>@A:CN 8 A5; ?8A0BL, 70B2>@82 425@L. =5 =8:B> =5 <5H0;. 0:>=G82, A40; <5B@0=?06C =0 =01>@. 5=O >:@C68;8 =01>@I8:8 A 2>?@>A0<8 8 70AB028;8 ?@>G8B0BL. #60A 1K; =0 2A5E ;8F0E. # <=>38E A;57K. =8 C65 7=0;8 :>5-GB> 87 A;CE>2, => 2A5 1K;> BC<0==>. >H;8 @073>2>@K.

0 154C MB>! 5 1C45B ?@>:C 2 MB>< F0@AB2>20=88! A0<>5 O@:>5, GB> O A;KH0; >B AB0@8:0 =01>@I8:0. 8:B> =5 >B25B8; =0 53> A;>20, 2A5 8A?C30==> 70<>;G0;8& 8 ?5@5H;8 =0 4@C3>9 @073>2>@.

5B@0=?06 A:070;:
04> ?>4>640BL @540:B>@0!
015@5@I8:8.
3@0=:0E @540:B>@ ?@>GB5B! 45AOB:8 @C: ?>BO=C;8AL : <5B@0=?06C.
015@5<>9 ?5H:>< 872>7G8:>2 =5 1K;> 8, =5 @0AA:07K20O ?>4@>1=>AB59 ?5@568B>3>, ;53 A?0BL. @>A=C;AO =0 4@C3>5 CB@> 2 8 G0A>2 8 AB0; 3>B>28BLAO : @01>B5. >40;8 >A:>2A:85 254><>AB8, >A:>2A:89 ;8AB>:. :0B0AB@>D5 =8G53> =5 =0H5;. =0G8B, 70?@5B8;8! !>1@0;AO ?5@54 @01>B>9 701560BL 2 CAA:85 254><>AB8, 27OBL =0 ?0< ?>:>;5=8O< 3@0=:8 AB0BL8, 5A;8 CA?5;8 =01@0BL. @8=5A;8 =0:>=5F CAA:85 254><>AB8. ;070< =5 25@N: %+!/ "!" $ :@C?=>5 703;0285,- ?;0= :0B0AB@>DK 8 ?>4?8AL . 8;O@>2A:89. ><0H=85 2 C60A5 A<>B@OB =0 <5=O. 0<5@;8 8 A<>B@OB. O, A25689, ?@5:@0A=> 2KA?02H89AO, GC2AB2CN A51O 2?>;=5 =>@<0;L=>. 0AA:07K20N > A2>5< ?CB5H5AB288, ?@5645 27O2 A;>2>, GB>1K <5=O =5 @C30;8, B0: :0: ?>1548B5;59 =5 AC4OB! O GC2AB2>20; A51O ?>1548B5;5

E>4OB 42>5: @CAA:89, 545@, :>@@5A?>=45=B 02AB@89A:>9 3075BK, 0 A =8< O?>=5F, :>@@5A?>=45=B B>:89A:>9 3075BK. 5=O 8=B5@2LN8@CNB. /?>=5F A C482;5=85< A<>B@8B =0 <5=O, ?>@0605BAO, 0 545@ A>>1I05B, GB> CAA:85 254><>AB8 0@5AB>20=K 8 2 @540:F88 C 3075BG8:>2 >B18@0NB =><5@0 3075BK.

=8 CE>4OB, O =04520N D@0: 8 E>GC 84B8. 2>=>:. E>4OB 5I5 B@>5: <>9 7=0:><>A:28G (NBF, :>@@5A?>=45=B :0:>9-B> 25=A:>9 3075BK, 4@C3>9, B>65 7=0:><>A:28G, 0<5@8:0=5F !<8B, :>B>@K9 <=5 ?@54AB02;O5B B8?8G=59H53> 0<5@8:0=A:>3> :>@@5A?>=45=B0 3075BK. >@@5A?>=45=B =8 A;>20 ?>-@CAA:8, 548B !<8B. &5;K9 4>?@>A. 064>5 A;>2> 0<5@8:0=5F 70?8AK205B.

0 4@C3>9 45=L !<8B A:070;, GB> 0<5@8:0=5F ?>A;0; B5;53@0<2 2AN <>N AB0BLN, 2A5, @0AA:070==>5 <=>9.

/ 1@>A8;AO ?5@2K< 45;>< 2 @540:F8N. "0< . . !>1>;52A:89 8 . . !01;8=. 04>AB=> <5=O 2AB@5G0NB. ;03>40@OB. 0 42>@5 HC;CG0NB 3075BC 4;O @>7=8FK, <=5 CAB@0820NB >20F8N.

59AB28B5;L=>,- 3>2>@8B . . !>1>;52A:89,- 3075BC, :0: B>;L:> 55 @>740;8 4;O @07=>A:8 ?>4?8AG8:0<, O282H0OAO ?>;8F8O E>B5;0 0@5AB>20BL, => . . !01;8= ?>5E0; : 35=5@0;-3C15@=0B>@C 8 C7=0;, GB> 3075BC C65 @07@5H8;8 ?> ?@8:070=8N A2KH5. &5;K9 45=L 4>?5G0BK20;8 3075BC. =0 1K;0 548=AB25==0O A ?>4@>1=>ABO<8 :0B0AB@>DK.

:>@@5A?>=45=BA:>< 1N@> <5=O B>65 2AB@5B8;8 >20F859 @CAA:85 8 8=>AB@0==K5 :>@@5A?>=45=BK. =B5@2LN8@>20;8, @0AA?@0H820;8, >A<0B@820;8, D>B>3@0D8@>20;8. %C4>6=8: C1> 70@8A>20; <5=O. <5@8:0=FK 8 0=3;8G0=5 >IC?K20;8 <>8 18F5?AK 8 B>;L:> B>340 ?>25@8;8, GB> 2A5 =0?8A0==>5 ?@0240, GB> O <>3 2K=5AB8 MBC 402:C.

1> 2A5< ?>=5<=>3C