(All monetary references are expressed in Canadian dollars, unless otherwise indicated)
MONTREAL, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") reports its financial and operating results for the three months ended September 30, 2024 ("Q3 2024").
kAm"b a_ac wxvw{xvw%$k^Am kAm~A6C2E:?8[ u:?2?4:2= 2?5 r@CA@C2E6 &A52E6Dik^AmkF=mk=: DEJ=6lQ>2C8:?\3@EE@>ieAEj E6IE\2=:8?i;FDE:7JjQmpD 2E $6AE6>36C b_[ a_ac[ E96 r@>A2?J 925 2AAC@I:>2E6=J Sc_]g >:==:@? :? 42D9 2?5 42D9 6BF:G2=6?ED] p? 2>@F?E @7 2AAC@I:>2E6=J Sef]f >:==:@? W&$Sd_]_ >:==:@?X H2D 7F==J 5C2H? 2D 2E $6AE6>36C b_[ a_ac F?56C E96 56=2J65 5C2H E6C> =@2? H:E9 }2E:@?2= q2?< @7 r2?252 >2EFC:?8 ~4E@36C b'[ a_ad]kF=mk=: DEJ=6lQ>2C8:?\3@EE@>ieAEj E6IE\2=:8?i;FDE:7JjQmu@==@H:?8 E96 4@>A=6E:@? @7 E96 ?@?\3C@<6C65 AC:G2E6 A=246>6?E @? ~4E@36C 'c[ a_ac WD66 k6>m$F3D6BF6?E E@ "b a_ack^6>m X 2?5 AFCDF2?E E@ E96 4C65:E 724:=:EJ 28C66>6?E[ E96 r@>A2?J 4@>A=6E65 2 >2?52E@CJ AC6A2J>6?E @7 &$Sc]e >:==:@? @? ~4E@36C ah[ a_ac]k^=:mk^F=mk^=:mk=: DEJ=6lQ>2C8:?\3@EE@>ieAEj E6IE\2=:8?i;FDE:7JjQmcf @F?46D @7 8@=5 D@=5 3J E96 r@>A2?J 7C@> @A6C2E:?8 24E:G:E:6D :? E96 E9:C5 BF2CE6C 7C@> E96 r2C:3@@ v@=5 !C@;64E WQr2C:3@@ v@=5 !C@;64EQX 3J AC@46DD:?8 DE@4<A:=6D 2E 2 E9:C5\A2CEJ 724:=:EJ]k^=:mk=: DEJ=6lQ>2C8:?\3@EE@>ieAEj E6IE\2=:8?i;FDE:7JjQmS_]a >:==:@? :? C6G6?F6D WS'_]c >:==:@? :? "b a_abX 2?5 S_]' >:==:@? :? 4@DE @7 D2=6D WS'_]' >:==:@? :? "b a_abX 86?6C2E65 7C@> @A6C2E:?8 24E:G:E:6D]k^=:mk=: DEJ=6lQ>2C8:?\3@EE@>ieAEj E6IE\2=:8?i;FDE:7JjQmt7764E:G6 yF=J c[ a_ac[ 2D A2CE @7 :ED 2??F2= 4@>A6?D2E:@? C6G:6H[ E96 q@2C5 @7 s:C64E@CD 2AAC@G65 E96 8C2?E @7 2? 288C682E6 @7 a[fhf[c__ :?46?E:G6 DE@4< @AE:@?D 2?5 2? 288C682E6 @7 bf'[g__ C6DEC:4E65 D92C6 F?:ED E@ 46CE2:? D6?:@C @77:46CD @7 E96 r@>A2?J :? 244@C52?46 H:E9 E96 E6C>D @7 E96 r@>A2?JVD ~AE:@? 2?5 #$& A=2?D]k3C ^mk3C ^mk^=:mk^F=mkAmr2C:3@@ v@=5 !C@;64E - qC:E:D9 r@=F>3:2[ r2?252 W'__T\@H?65Xk^AmkF=mk=: DEJ=6lQ>2C8:?\3@EE@>ieAEj E6IE\2=:8?i;FDE:7JjQm!6C>:EE:?8 !C@8C6DD] #646:AE @7 E96 tp r6CE:7:42E6 :? ~4E@36C a_ab DF446DD7F==J 4@?4=F565 E96 tp AC@46DD 7@C E96 r2C:3@@ v@=5 !C@;64E WD66 k6>mu:8FC6 'k^6>m X]kF=mk=: DEJ=6lQ>2C8:?\3@EE@>ieAEj E6IE\2=:8?i;FDE:7JjQm%96 qr k6>m|:?6D p4Ek^6>m A6C>:E 92D 366? C676CC65 7@C 564:D:@? E@ E96 DE2EFE@CJ 564:D:@? >2<6C :? E96 qr |:?:DECJ @7 t?6C8J[ |:?6D 2?5 {@H r2C3@? x??@G2E:@?] %96 C6G:6H @7 E96 k6>mt?G:C@?>6?E2= |2?286>6?E p4Ek^6>m A6C>:ED 92D 366? 4@>A=6E65[ 2D H6==[ 2?5 E96 r@>A2?J :D 2H2:E:?8 C676CC2= E96C6@7 E@ E96 DE2EFE@CJ 564:D:@? >2<6C :? E96 :>>65:2E6 7FEFC6] %96 r@>A2?J 2?E:4:A2E6D C646:G:?8 7:?2= 564:D:@?D :? "c a_ac]k^=:mk=: DEJ=6lQ>2C8:?\3@EE@>ieAEj E6IE\2=:8?i;FDE:7JjQm~? }@G6>36C f[ a_ac[ E96 r@>A2?J 2??@F?465 E92E H9:=6 :E 925 J6E E@ C6249 2? 28C66>6?E H:E9 E96 )2Eśū== u:CDE }2E:@?[ :E H@F=5 4@?E:?F6 E@ 6?8286 2?5 4@?DF=E H:E9 )2Eśū== u:CDE }2E:@?[ :?4=F5:?8 27E6C 2?J 564:D:@? @? E96 A6C>:ED]k^=:mk=: DEJ=6lQ>2C8:?\3@EE@>ieAEj E6IE\2=:8?i;FDE:7JjQm%96 r@>A2?J 4@?E:?F6D E@ 6IA=@C6 AC@;64E 7F?5:?8 @AE:@?D[ :?4=F5:?8 7F==J\7F?565 D@=FE:@?D 7@C E96 r2C:3@@ v@=5 !C@;64E]k^=:mk^F=mk^=:mk=: DEJ=6lQ>2C8:?\3@EE@>ieAEj E6IE\2=:8?i;FDE:7JjQm!C6\r@?DECF4E:@? p4E:G:E:6D] sFC:?8 "' a_ac[ F?56C 2? 6I:DE:?8 AC@G:?4:2= A6C>:E[ E96 r@>A2?J 4@>>6?465 2? F?56C8C@F?5 56G6=@A>6?E 5C:7E 7C@> E96 6I:DE:?8 r@H !@CE2= :?E@ E96 r2C:3@@ v@=5 !C@;64EVD >:?6C2= 56A@D:E 2E E96 {@H966 +@?6] %96 @3;64E:G6 @7 E96 3F=< D2>A=6 H@C< AC@8C2> :D E@ C6249 E96 @C6 3@5J 2?5 6IEC24E 2 '_[___ E@??6 3F=< D2>A=6 @7 >:?6C2=:K65 >2E6C:2= 7@C @C6 D@CE6C[ 962GJ 6BF:A>6?E 2?5 >:?:?8 E6DE:?8]kF=mk=: DEJ=6lQ>2C8:?\3@EE@>ieAEj E6IE\2=:8?i;FDE:7JjQm%@ 52E6[ 2AAC@I:>2E6=J '[_d_ >6E6CD @7 56G6=@A>6?E 92D 366? 4@>A=6E65 @C 2AAC@I:>2E6=J h_T[ H:E9 2?@E96C 'aa >6E6CD C6>2:?:?8 E@ C6249 E96 E2C86E 2C62]k^=:mk=: DEJ=6lQ>2C8:?\3@EE@>ieAEj E6IE\2=:8?i;FDE:7JjQm%96 r@>A2?J 2?E:4:A2E6D 4@>A=6E:?8 E96 3F=< D2>A=6 AC@8C2> 2?5 E96 C6DF=ED E96C6@7 :? "' a_ad]k^=:mk^F=mk^=:mk^F=mkF=mk=: DEJ=6lQ>2C8:?\3@EE@>igAEj E6IE\2=:8?i;FDE:7JjQm~AE:>:K65 u62D:3:=:EJ $EF5J] %96 r@>A2?J :D 25G2?4:?8 H@C< @? 2? @AE:>:K65 762D:3:=:EJ DEF5J WQ~u$QX 7@C E96 r2C:3@@ v@=5 !C@;64E[ H9:49 :D 2?E:4:A2E65 E@ 36 4@>A=6E65 :? "a a_ad] %96 D4@A6 @7 E96 ~u$ H:== E2<6 :?E@ 244@F?E 2?5 :?4=F56[ 2>@?8 @E96C E9:?8D[ 46CE2:? >:?:?8 2?5 AC@46DD:?8 7=@HD966E @AE:>:K2E:@?D :?4=F5:?8 2? 2446=6C2E65 56G6=@A>6?E E:>6=:?6 E@ c[h__ E@??6D A6C 52J E9C@F89AFE[ FA52E65 >6E2= AC:46 2?5 7@C6:8? 6I492?86 2DDF>AE:@?D[ 2?5 FA52E65 @A6C2E:?8 2?5 42A:E2= 4@DE 6DE:>2E6D E@ C67=64E E96 4FCC6?E 6?G:C@?>6?E] %96 ~u$ H:== 7@==@H E96 7C2>6H@C< D6E @FE :? E96 6I:DE:?8 @?8@:?8 A6C>:EE:?8 AC@46DD]k^=:mk^F=mkAmu:8FC6 'i r2C:3@@ v@=5 !C@;64E - !6C>:EE:?8 %:>6=:?6 $F>>2CJk^AmkAmk^AmkAmk^AmkF=mk=: DEJ=6lQ>2C8:?\3@EE@>ieAEj E6IE\2=:8?i;FDE:7JjQm(:=57:C6 #6DA@?D6] ~? yF=J aa[ a_ac[ E96 r@>A2?J E6>A@C2C:=J A2FD65 ?@?\6DD6?E:2= 24E:G:E:6D 2E :ED r2C:3@@ v@=5 !C@;64E 7@==@H:?8 2 H:=57:C6 6G24F2E:@? @C56C E92E :?4=F565 E96 !C@;64E] %96 H:=57:C6 6G24F2E:@? @C56C H2D =:7E65 @? yF=J ad[ a_ac[ 2?5 ?@C>2= 4@FCD6 @A6C2E:@?D 2?5 D:E6 24E:G:E:6D 2E E96 r2C:3@@ v@=5 !C@;64E C6DF>65 @? yF=J ae[ a_ac] %96 >:?6 D:E6 :?7C2DECF4EFC6 H2D F?27764E65 3J E96 H:=57:C6D]k3C ^mk3C ^mk^=:mk^F=mkAm%:?E:4 !C@;64E - &E29[ &]$]p] W'__T\@H?65Xk^AmkF=mk=: DEJ=6lQ>2C8:?\3@EE@>ieAEj E6IE\2=:8?i;FDE:7JjQm!@CA9JCJ %2C86E sC:==:?8] %H@ DFC7246 5:2>@?5 5C:== 9@=6D E@E2==:?8 2AAC@I:>2E6=J a[ha_ >6E6CD WQ>QX Wh[dg' 766E WQ7EQXX 92G6 366? 4@>A=6E65 2E E96 q:8 w:== E2C86E 2C62 E6DE:?8 7@C 4@AA6C\8@=5\>@=J356?F> A@CA9JCJ >:?6C2=:K2E:@? A@E6?E:2=] ~?6 5:2>@?5 5C:== 9@=6 H2D 4@>A=6E65 7C@> F?56C8C@F?5 E6DE:?8 A@CA9JCJ\DEJ=6 >:?6C2=:K2E:@? 5@H? A=F?86 @7 E96 >:?6C2=:K65 DECF4EFC6D 36=@H %C:I:6 E@ 2 56AE9 @7 fdh]e > Wa[cha 7EX W%C:I:6 (6DEX] q2D65 @? E96 86@=@8:42= :?7@C>2E:@? 7C@> E96D6 5C:== 9@=6D[ E96 r@>A2?J 92D :56?E:7:65 D6G6C2= 9:89\AC:@C:EJ E2C86ED 7@C E96 ?6IE A92D6 @7 E96 A@CA9JCJ 6IA=@C2E:@? AC@8C2>[ :?4=F5:?8ikF=mk=: DEJ=6lQ>2C8:?\3@EE@>ieAEj E6IE\2=:8?i;FDE:7JjQmq:8 w:== (6DE !@CA9JCJ %2C86E] %96 C6DF=ED @7 E96 C646?E 2?5 9:DE@C:42= 5C:== 9@=6D DF886DE E92E E96 62C=J 2?5 A@E6?E:2==J 36EE6C >:?6C2=:K65 :?ECFD:G6 A92D6 4@F=5 36 :? 2? F?E6DE65 2C62 :>>65:2E6=J H6DE 2?5 D@FE9H6DE @7 E96 2C62 5C:==65 2E q:8 w:==]k^=:mk=: DEJ=6lQ>2C8:?\3@EE@>ieAEj E6IE\2=:8?i;FDE:7JjQm+F>2 w:89\!@E6?E:2= !@CA9JCJ %2C86E] %96 +F>2 2C62 92D 366? :56?E:7:65 2D 2 8@@5 A@CA9JCJ E2C86E E92E >6C:ED :?:E:2= 5C:== E6DE:?8 2?5 >2J C6AC6D6?E @?6 @7 E96 42FD2E:G6 A@CA9JCJ 46?EC6D @7 E96 t2DE %:?E:4 5:DEC:4E]k^=:mk=: DEJ=6lQ>2C8:?\3@EE@>ieAEj E6IE\2=:8?i;FDE:7JjQm{@H6C "F2CEK:E6 r#s %2C86E] q2D65 @? E96 4@>A:=2E:@? @7 86@=@8:42=[ 5C:==:?8[ 2?5 9:DE@C:42= 52E2[ 2 A@E6?E:2= =2C86 D42=6 42C3@?2E6 C6A=246>6?E 56A@D:E WQr#sQX >2J 36 =@42E65 36=@H E96 7@@EH2== @7 E96 t2DE %:?E:4 E9CFDE 72F=E] p C64@>>6?565 5C:== AC@8C2> 92D 366? AC@A@D65 E92E E2C86ED 5@H?5:A 6IE6?D:@?D @7 <?@H? >:?6C2=:K2E:@? 2E qFC8:?]k^=:mk=: DEJ=6lQ>2C8:?\3@EE@>ieAEj E6IE\2=:8?i;FDE:7JjQmpD A2CE @7 2 !92D6 xx C68:@?2= 5C:==:?8 AC@8C2>[ E96 r@>A2?J :?E6?5D E@ AC@4665 H:E9 EH@ 5C:== 9@=6D @? E96 q:8 w:== (6DE 2?5 +F>2 A@CA9JCJ E2C86ED :? E96 4@>:?8 >@?E9D]k3C ^mk3C ^mk^=:mk^F=mk^=:mk^F=mkAm$2? p?E@?:@ v@=5 !C@;64E - $@?@C2 $E2E6[ |6I:4@ W'__T\@H?65Xk^AmkF=mk=: DEJ=6lQ>2C8:?\3@EE@>ieAEj E6IE\2=:8?i;FDE:7JjQm%96 $2? p?E@?:@ v@=5 !C@;64E 92D 366? F?56C 42C6 2?5 >2:?E6?2?46 D:?46 "b a_ab]k^=:mk=: DEJ=6lQ>2C8:?\3@EE@>ieAEj E6IE\2=:8?i;FDE:7JjQm%96 r@>A2?J 2H2:ED ?6IE DE6AD 7C@> E96 8@G6C?>6?E @7 |6I:4@ H:E9 C6DA64E E@ E96 A6C>:EE:?8 AC@46DD 2?5 E96 DE2EFD @7 @A6? A:E >:?:?8 :? E96 4@F?ECJ]k^=:mk=: DEJ=6lQ>2C8:?\3@EE@>ieAEj E6IE\2=:8?i;FDE:7JjQm$EC2E68:4 #6G:6H] %96 r@>A2?J :D 4@?5F4E:?8 2 DEC2E68:4 C6G:6H @7 E96 AC@;64E 2?5 92D 6?82865 2 7:?2?4:2= 25G:D@C :? 4@??64E:@? E96C6@7] %96 DEC2E68:4 C6G:6H :?4=F56D[ 2>@?8 @E96CD[ 6IA=@C:?8 E96 A@E6?E:2= 7@C 2 7:?2?4:2= @C DEC2E68:4 A2CE?6C :? E96 2DD6E @C 7@C 2 7F== @C A2CE:2= D2=6 @7 E96 2DD6E]k3C ^mk3C ^mk^=:mk^F=mkAm$&q$t"&t}% %~ "b a_ack^AmkF=mk=: DEJ=6lQ>2C8:?\3@EE@>ieAEj E6IE\2=:8?i;FDE:7JjQm%96 r@>A2?J 4@>A=6E65 2 ?@?\3C@<6C65 AC:G2E6 A=246>6?E @7 F?:ED AFCDF2?E E@ H9:49 E96 r@>A2?J :DDF65 2? 288C682E6 @7 'h['eb[c'_ F?:ED 2E 2 AC:46 @7 &$S']g_ A6C F?:E 7@C 8C@DD AC@4665D @7 2AAC@I:>2E6=J &$Sbc]d >:==:@?[ 4@>AC:D:?8 W:X 'b[cae[dgh F?:ED 2E 2 AC:46 @7 &$S']g_ A6C F?:E 7@C 8C@DD AC@4665D @7 2AAC@I:>2E6=J &$Sac]a >:==:@?[ H9:49 4=@D65 @? ~4E@36C '[ a_ac 2?5 W::X d[fbe[ga' F?:ED 2E 2 AC:46 @7 &$S']g_ A6C F?:E 7@C 8C@DD AC@4665D @7 2AAC@I:>2E6=J &$S'_]b >:==:@?[ H9:49 4=@D65 @? ~4E@36C ''[ a_ac] t249 F?:E 4@?D:DED @7 @?6 4@>>@? D92C6 @7 E96 r@>A2?J 2?5 @?6 4@>>@? D92C6 AFC492D6 H2CC2?ED @7 E96 r@>A2?J 6?E:E=:?8 E96 9@=56C @7 6249 4@>>@? D92C6 AFC492D6 H2CC2?E E@ AFC492D6 @?6 255:E:@?2= 4@>>@? D92C6 2E 2 AC:46 @7 &$Sb]__ @? @C AC:@C E@ ~4E@36C '[ a_ah]k^=:mk=: DEJ=6lQ>2C8:?\3@EE@>ieAEj E6IE\2=:8?i;FDE:7JjQm~? }@G6>36C 'a[ a_ac[ E96 r@>A2?J 4@>A=6E65 2 3C@<6C65 AC:G2E6 A=246>6?E AFCDF2?E E@ H9:49 E96 r@>A2?J :DDF65 2? 288C682E6 @7 b'[hce[bee F?:ED @7 E96 r@>A2?J 2E 2 AC:46 @7 &$S']g_ A6C F?:E 7@C 288C682E6 8C@DD AC@4665D @7 2AAC@I:>2E6=J &$Sdf]d >:==:@?[ :?4=F5:?8 E96 6I6C4:D6 :? 7F== @7 E96 @AE:@? 8C2?E65 E@ E96 286?ED @7 E96 AC:G2E6 A=246>6?E WE96 Q~776C:?8QX] t249 F?:E 4@?D:DED @7 @?6 4@>>@? D92C6 @7 E96 r@>A2?J 2?5 @?6 4@>>@? D92C6 AFC492D6 H2CC2?E @7 E96 r@>A2?J 6?E:E=:?8 E96 9@=56C E96C6@7 E@ AFC492D6 @?6 255:E:@?2= 4@>>@? D92C6 2E 2 AC:46 @7 &$Sb]__ @? @C AC:@C E@ ~4E@36C '[ a_ah] x? 4@??64E:@? H:E9 E96 3C@<6C65 AC:G2E6 A=246>6?E[ E96 286?ED H6C6 A2:5 2 42D9 4@>>:DD:@? 6BF2= E@ c]dT @7 E96 288C682E6 8C@DD AC@4665D]kF=mk=: DEJ=6lQ>2C8:?\3@EE@>ieAEj E6IE\2=:8?i;FDE:7JjQm%96 ~776C:?8 :?4=F565 2 =625 @C56C 7C@> r@?5:C6 x?G6DE@CD[ {{r WQr@?5:C6QX[ 2? :?G6DE>6?E 7:C> 32D65 :? s2==2D[ %6I2D[ C6DF=E:?8 :? 2? 2AAC@I:>2E6 g]gT 9@=5:?8 :? E96 r@>A2?JVD :DDF65 2?5 @FEDE2?5:?8 4@>>@? D92C6D :>>65:2E6=J 7@==@H:?8 E96 4=@D:?8 @7 E96 ~776C:?8 W@? 2 ?@?\5:=FE65 32D:DX] r@?4FCC6?E=J H:E9 E96 ~776C:?8[ E96 r@>A2?J 2?5 r@?5:C6 92G6 28C665 E@ 7:?5 2 >FEF2==J 28C6623=6 255:E:@? E@ E96 r@>A2?J'D q@2C5 @7 s:C64E@CD @C[ 2=E6C?2E:G6=J[ 2 q@2C5 @3D6CG6C]k3C ^mk3C ^mk^=:mk^F=mk^=:mk^F=mkAmzt* &!r~|x}v |x{t$%~}t$k^AmkE23=6 DEJ=6lQ3@C56C\4@==2AD6i 4@==2AD6j H:5E9i'__Tj 3@C56C\4@==2AD6i4@==2AD6 jQmkECmkE5 DEJ=6lQ>2I\H:5E9idgTj H:5E9idgTj >:?\H:5E9idgTjj3@C56C\3@EE@>i D@=:5 3=24< 'AE j G6CE:42=\2=:8?i >:55=6j E6IE\2=:8?i =67Ej A255:?8\=67Ei '_]_AIj G6CE:42=\2=:8?i 3@EE@> jQmz6J !C@;64Ek3C ^mk3C ^m|:=6DE@?6Dk^E5mkE5 DEJ=6lQ>2I\H:5E9i'Tj H:5E9i'Tj >:?\H:5E9i'TjjG6CE:42=\2=:8?i 3@EE@> jQm k^E5mkE5 DEJ=6lQ>2I\H:5E9ia_Tj H:5E9ia_Tj >:?\H:5E9ia_TjjE6IE\2=:8?i 46?E6C j G6CE:42=\2=:8?i >:55=6j 3@C56C\3@EE@>i D@=:5 3=24< 'AE j G6CE:42=\2=:8?i 3@EE@> jQmtIA64E65 %:>:?8 k3C ^mk3C ^m@7 r@>A=6E:@?k^E5mkE5 DEJ=6lQ>2I\H:5E9i'Tj H:5E9i'Tj >:?\H:5E9i'TjjE6IE\2=:8?i 46?E6C j G6CE:42=\2=:8?i >:55=6j G6CE:42=\2=:8?i 3@EE@> jQm k^E5mkE5 DEJ=6lQ>2I\H:5E9ia_Tj H:5E9ia_Tj >:?\H:5E9ia_TjjE6IE\2=:8?i 46?E6C j G6CE:42=\2=:8?i >:55=6j 3@C56C\3@EE@>i D@=:5 3=24< 'AE j G6CE:42=\2=:8?i 3@EE@> jQmp?E:4:A2E65 k3C ^mk3C ^m#6>2:?:?8 r@DEDYk^E5mk^ECmkECmkE5 DEJ=6lQG6CE:42=\2=:8?i >:55=6j E6IE\2=:8?i =67Ej A255:?8\=67Ei '_]_AIj G6CE:42=\2=:8?i 3@EE@> jQmr2C:3@@ v@=5 !C@;64EW'Xk^E5mkE5 DEJ=6lQG6CE:42=\2=:8?i 3@EE@> jQm k^E5mkE5 DEJ=6lQG6CE:42=\2=:8?i 3@EE@> jQm k^E5mkE5 DEJ=6lQG6CE:42=\2=:8?i 3@EE@> jQm k^E5mkE5 DEJ=6lQG6CE:42=\2=:8?i 3@EE@> jQm k^E5mk^ECmkECmkE5 DEJ=6lQG6CE:42=\2=:8?i >:55=6j E6IE\2=:8?i =67Ej A255:?8\=67Ei '_]_AIj G6CE:42=\2=:8?i 3@EE@> jQmqF=< $2>A=6k^E5mkE5 DEJ=6lQG6CE:42=\2=:8?i 3@EE@> jQm k^E5mkE5 DEJ=6lQE6IE\2=:8?i 46?E6C j G6CE:42=\2=:8?i >:55=6j G6CE:42=\2=:8?i 3@EE@> jQm"' a_adk^E5mkE5 DEJ=6lQE6IE\2=:8?i 46?E6C j G6CE:42=\2=:8?i >:55=6j G6CE:42=\2=:8?i 3@EE@> jQm k^E5mkE5 DEJ=6lQE6IE\2=:8?i 46?E6C j G6CE:42=\2=:8?i >:55=6j G6CE:42=\2=:8?i 3@EE@> jQmS'']' >:==:@?k^E5mk^ECmkECmkE5 DEJ=6lQG6CE:42=\2=:8?i >:55=6j E6IE\2=:8?i =67Ej A255:?8\=67Ei '_]_AIj G6CE:42=\2=:8?i 3@EE@> jQm(2E6C 2?5 (2DE6 |2?286>6?Ek^E5mkE5 DEJ=6lQG6CE:42=\2=:8?i 3@EE@> jQm k^E5mkE5 DEJ=6lQE6IE\2=:8?i 46?E6C j G6CE:42=\2=:8?i >:55=6j G6CE:42=\2=:8?i 3@EE@> jQm"c a_ack^E5mkE5 DEJ=6lQE6IE\2=:8?i 46?E6C j G6CE:42=\2=:8?i >:55=6j G6CE:42=\2=:8?i 3@EE@> jQm k^E5mkE5 DEJ=6lQE6IE\2=:8?i 46?E6C j G6CE:42=\2=:8?i >:55=6j G6CE:42=\2=:8?i 3@EE@> jQmSd]e >:==:@?k^E5mk^ECmkECmkE5 DEJ=6lQG6CE:42=\2=:8?i >:55=6j E6IE\2=:8?i =67Ej A255:?8\=67Ei '_]_AIj G6CE:42=\2=:8?i 3@EE@> jQmt=64EC:42= 2?5 r@>>F?:42E:@?k^E5mkE5 DEJ=6lQG6CE:42=\2=:8?i 3@EE@> jQm k^E5mkE5 DEJ=6lQE6IE\2=:8?i 46?E6C j G6CE:42=\2=:8?i >:55=6j G6CE:42=\2=:8?i 3@EE@> jQm"c a_ack^E5mkE5 DEJ=6lQE6IE\2=:8?i 46?E6C j G6CE:42=\2=:8?i >:55=6j G6CE:42=\2=:8?i 3@EE@> jQm k^E5mkE5 DEJ=6lQE6IE\2=:8?i 46?E6C j G6CE:42=\2=:8?i >:55=6j G6CE:42=\2=:8?i 3@EE@> jQmS_]f >:==:@?k^E5mk^ECmkECmkE5 DEJ=6lQG6CE:42=\2=:8?i >:55=6j E6IE\2=:8?i =67Ej A255:?8\=67Ei '_]_AIj G6CE:42=\2=:8?i 3@EE@> jQm|2?286>6?E[ 6?G:C@?>6?E2=[ 2?5 @E96C AC6\A6C>:EE:?8 H@C<k^E5mkE5 DEJ=6lQG6CE:42=\2=:8?i 3@EE@> jQm k^E5mkE5 DEJ=6lQE6IE\2=:8?i 46?E6C j G6CE:42=\2=:8?i >:55=6j G6CE:42=\2=:8?i 3@EE@> jQm"c a_ack^E5mkE5 DEJ=6lQE6IE\2=:8?i 46?E6C j G6CE:42=\2=:8?i >:55=6j G6CE:42=\2=:8?i 3@EE@> jQm k^E5mkE5 DEJ=6lQE6IE\2=:8?i 46?E6C j G6CE:42=\2=:8?i >:55=6j G6CE:42=\2=:8?i 3@EE@> jQmSa]c >:==:@?k^E5mk^ECmkECmkE5 DEJ=6lQG6CE:42=\2=:8?i >:55=6j E6IE\2=:8?i =67Ej A255:?8\=67Ei '_]_AIj G6CE:42=\2=:8?i 3@EE@> jQm!6C>:EE:?8k^E5mkE5 DEJ=6lQG6CE:42=\2=:8?i 3@EE@> jQm k^E5mkE5 DEJ=6lQE6IE\2=:8?i 46?E6C j G6CE:42=\2=:8?i >:55=6j G6CE:42=\2=:8?i 3@EE@> jQmr@>A=6E65 - "b a_ack^E5mkE5 DEJ=6lQE6IE\2=:8?i 46?E6C j G6CE:42=\2=:8?i >:55=6j G6CE:42=\2=:8?i 3@EE@> jQm k^E5mkE5 DEJ=6lQE6IE\2=:8?i 46?E6C j G6CE:42=\2=:8?i >:55=6j G6CE:42=\2=:8?i 3@EE@> jQmS?:=k^E5mk^ECmkECmkE5 DEJ=6lQG6CE:42=\2=:8?i >:55=6j E6IE\2=:8?i =67Ej A255:?8\=67Ei '_]_AIj G6CE:42=\2=:8?i 3@EE@> jQm%:?E:4 !C@;64Ek^E5mkE5 DEJ=6lQG6CE:42=\2=:8?i 3@EE@> jQm k^E5mkE5 DEJ=6lQE6IE\2=:8?i 46?E6C j G6CE:42=\2=:8?i >:55=6j G6CE:42=\2=:8?i 3@EE@> jQm k^E5mkE5 DEJ=6lQE6IE\2=:8?i 46?E6C j G6CE:42=\2=:8?i >:55=6j G6CE:42=\2=:8?i 3@EE@> jQm k^E5mkE5 DEJ=6lQE6IE\2=:8?i 46?E6C j G6CE:42=\2=:8?i >:55=6j G6CE:42=\2=:8?i 3@EE@> jQm k^E5mk^ECmkECmkE5 DEJ=6lQ3@C56C\3@EE@>i D@=:5 3=24< 'AE j G6CE:42=\2=:8?i >:55=6j E6IE\2=:8?i =67Ej A255:?8\=67Ei '_]_AIj G6CE:42=\2=:8?i 3@EE@> jQm#68:@?2= sC:==:?8 - !92D6 xxk^E5mkE5 DEJ=6lQG6CE:42=\2=:8?i 3@EE@> jQm k^E5mkE5 DEJ=6lQE6IE\2=:8?i 46?E6C j G6CE:42=\2=:8?i >:55=6j G6CE:42=\2=:8?i 3@EE@> jQm"a a_adk^E5mkE5 DEJ=6lQE6IE\2=:8?i 46?E6C j G6CE:42=\2=:8?i >:55=6j G6CE:42=\2=:8?i 3@EE@> jQm k^E5mkE5 DEJ=6lQE6IE\2=:8?i 46?E6C j G6CE:42=\2=:8?i >:55=6j G6CE:42=\2=:8?i 3@EE@> jQmS_]g >:==:@?k^E5mk^ECmk^E23=6mkAmY2D 2E $6AE6>36C b_[ a_ack^AmkAm}@E6Dik^AmkAmk^AmkE23=6 DEJ=6lQ3@C56C\4@==2AD6i 4@==2AD6j H:5E9i'__Tj 3@C56C\4@==2AD6i4@==2AD6 jQmkECmkE5 DEJ=6lQ>2I\H:5E9icTj H:5E9icTj >:?\H:5E9icTjjG6CE:42=\2=:8?i E@A jQm W'Xk^E5mkE5 DEJ=6lQ>2I\H:5E9iheTj H:5E9iheTj >:?\H:5E9iheTjjE6IE\2=:8?i ;FDE:7J j G6CE:42=\2=:8?i >:55=6j G6CE:42=\2=:8?i E@A jQm%96 6IA6?5:EFC6D 5:D4=@D65 :? E9:D E23=6 :?4=F56 2>@F?ED 2AAC@G65 3J E96 q@2C5 @7 s:C64E@CD FA F?E:= E96 6?5 @7 s646>36C a_ac] p55:E:@?2= 6IA6?5:EFC6D H:== 36 C6BF:C65 E@ 4@>A=6E6 46CE2:? @7 E96 >:=6DE@?6D 2?5 2C6 DF3;64E E@ 2AAC@G2= 3J E96 q@2C5 @7 s:C64E@CD]k^E5mk^ECmkECmkE5 DEJ=6lQ>2I\H:5E9icTj H:5E9icTj >:?\H:5E9icTjjG6CE:42=\2=:8?i E@A jQm k^E5mkE5 DEJ=6lQ>2I\H:5E9iheTj H:5E9iheTj >:?\H:5E9iheTjjG6CE:42=\2=:8?i E@A jQm k^E5mk^ECmk^E23=6mkAmr@?D@=:52E65 u:?2?4:2= $E2E6>6?EDk^AmkAm%96 r@>A2?JVD F?2F5:E65 :?E6C:> 4@?D@=:52E65 7:?2?4:2= DE2E6>6?ED WE96 Qu:?2?4:2= $E2E6>6?EDQX 2?5 >2?286>6?EVD 5:D4FDD:@? 2?5 2?2=JD:D WQ|sU2>AjpQX 7@C E96 E9C66 >@?E9D 6?565 $6AE6>36C b_[ a_ac 2C6 2G2:=23=6 @? E96 r@>A2?JVD H63D:E6 2E k2 9C67lQ9EEADi^^HHH]8=@36?6HDH:C6]4@>^%C24<6Cn52E2le)7f$Cydb_6GE*)\&%rfsDDv;Bz(0hc_fA2_<)DsKz{CHdI#a_\r4zFC#d4H6AdzK*q'3p'I'z|+$;gt=s|98zJh_x'9usw@E<F~+~w~)?4lQ C6=lQ?@7@==@HQmHHH]@D:D<@56G]4@>k^2m[ @? $tsp#Z W k2 9C67lQ9EEADi^^HHH]8=@36?6HDH:C6]4@>^%C24<6Cn52E2lA&C:yg5ptHy#K##e&>Ku<hI$tCwb7\zr*AIK7Bxy'IEv)as&"#@*:7KCH%Ew*qq(@uG0(=FE8&wy8H*_Ds;C#8llQ C6=lQ?@7@==@HQmHHH]D652CA=FD]42k^2m X 2?5 @? tsvp# W k2 9C67lQ9EEADi^^HHH]8=@36?6HDH:C6]4@>^%C24<6Cn52E2lA&C:yg5ptHy#K##e&>Ku<H(?b|C?$$I+>#r|90Aa!}K{%dc%$c(0K{f;?&w:0v|xr2&~aEe~e&H\yIDa%'r)|HllQ C6=lQ?@7@==@HQmHHH]D64]8@Gk^2m X F?56C ~D:D<@ s6G6=@A>6?EVD :DDF6C AC@7:=6]k^AmkAm"F2=:7:65 !6CD@?Dk^Am kAm%96 D4:6?E:7:4 2?5 E649?:42= :?7@C>2E:@? 4@?E2:?65 :? E9:D ?6HD C6=62D6 92D 366? C6G:6H65 2?5 2AAC@G65 3J s2?:6= s@H?E@? !]v6@][ r9:67 #6D@FC46 v6@=@8:DE @7 ~D:D<@ s6G6=@A>6?E[ 2 QBF2=:7:65 A6CD@?Q H:E9:? E96 >62?:?8 @7 }2E:@?2= x?DECF>6?E cb\'_' - k6>m$E2?52C5D @7 s:D4=@DFC6 7@C |:?6C2= !C@;64EDk^6>m WQ}x cb\'_'QX]k^AmkAm%649?:42= #6A@CEDk^AmkAmx?7@C>2E:@? C6=2E:?8 E@ E96 r2C:3@@ v@=5 !C@;64E 2?5 E96 4FCC6?E 762D:3:=:EJ @? E96 r2C:3@@ v@=5 !C@;64E 2?5 E96 2DDF>AE:@?D[ BF2=:7:42E:@?D 2?5 =:>:E2E:@?D E96C6@7 :D DFAA@CE65 3J E96 E649?:42= C6A@CE E:E=65 Q k6>mu62D:3:=:EJ $EF5J 7@C E96 r2C:3@@ v@=5 !C@;64E[ s:DEC:4E @7 (6==[ qC:E:D9 r@=F>3:2[ r2?252k^6>m Q[ 52E65 y2?F2CJ '_[ a_ab W2>6?565 y2?F2CJ 'a[ a_abX H:E9 2? 67764E:G6 52E6 @7 s646>36C b_[ a_aa AC6A2C65 7@C E96 r@>A2?J 3J :?56A6?56?E C6AC6D6?E2E:G6D qqp t?8:?66C:?8 {E5] 2?5 DFAA@CE65 3J :?56A6?56?E 4@?DF=E:?8 7:C>D[ :?4=F5:?8 x??@GtIA=@ x?4][ $#z r@?DF=E:?8 Wr2?252X x?4][ v@=56C pDD@4:2E6D {E5] W2>2=82>2E65 H:E9 ($! r2?252 x?4] @? y2?F2CJ '[ a_ab[ E@ 7@C> ($! r2?252 x?4]X[ ($! &$p x?4][ u2=<:C< t?G:C@?>6?E2= r@?DF=E2?ED {E5][ z=@9? rC:AA6? q6C86C {E5][ zrr v6@4@?DF=E:?8 x?4][ 2?5 ys$ t?6C8J U2>Aj |:?:?8 x?4] WE96 Qr2C:3@@ %649?:42= #6A@CEQX] #676C6?46 D9@F=5 36 >256 E@ E96 7F== E6IE @7 E96 r2C:3@@ %649?:42= #6A@CE[ H9:49 H2D AC6A2C65 :? 244@C52?46 H:E9 }x cb\'_' 2?5 :D 2G2:=23=6 6=64EC@?:42==J @? $tsp#Z W k2 9C67lQ9EEADi^^HHH]8=@36?6HDH:C6]4@>^%C24<6Cn52E2lA&C:yg5ptHy#K##e&>Ku<JC|B2tfyacd85b|4&0up>y{a>hD(zx>=~(_~w>+"vgG!DC"D}DKF({4'f?ycc*c|8llQ C6=lQ?@7@==@HQmHHH]D652CA=FD]42k^2m X 2?5 @? tsvp# W k2 9C67lQ9EEADi^^HHH]8=@36?6HDH:C6]4@>^%C24<6Cn52E2lA&C:yg5ptHy#K##e&>Ku<cHc$)40)@w+3agp=\d:&:+#GD7E2{I;tIEf}G3pe+!q?z7D_|HxtC)'%EJf*\#(:"llQ C6=lQ?@7@==@HQmHHH]D64]8@Gk^2m X F?56C ~D:D<@ s6G6=@A>6?EVD :DDF6C AC@7:=6 2?5 @? E96 r@>A2?JVD H63D:E6 2E k2 9C67lQ9EEADi^^HHH]8=@36?6HDH:C6]4@>^%C24<6Cn52E2le)7f$Cydb_6GE*)\&%rfs=J_}}=\2u0;y5h4>F0&|A"<6zu$)I!yh5~+f2sCE_|g+\_p?f2_f}v@@vv&p=h$<D<}}<Jr0<<>Iw$'&*~x(2&lQ C6=lQ?@7@==@HQmHHH]@D:D<@56G]4@>k^2m]k^AmkAmx?7@C>2E:@? C6=2E:?8 E@ E96 %:?E:4 !C@;64E 2?5 E96 4FCC6?E >:?6C2= C6D@FC46 6DE:>2E6 7@C E96 %C:I:6 56A@D:E WE96 Qa_ac %C:I:6 |#tQX 2?5 E96 2DDF>AE:@?D[ BF2=:7:42E:@?D 2?5 =:>:E2E:@?D E96C6@7[ :D DFAA@CE65 3J E96 E649?:42= C6A@CE E:E=65 Q k6>m}x cb\'_' %649?:42= #6A@CE[ |:?6C2= #6D@FC46 tDE:>2E6 7@C E96 %C:I:6 s6A@D:E[ %:?E:4 !C@;64E[ &E29[ &?:E65 $E2E6D @7 p>6C:42k^6>m Q 52E65 pAC:= ad[ a_ac WH:E9 2? 67764E:G6 52E6 @7 |2C49 'c[ a_acX[ AC6A2C65 7@C E96 r@>A2?J 3J :?56A6?56?E C6AC6D6?E2E:G6D @7 |:4@? x?E6C?2E:@?2= {:>:E65[ 36:?8 (:==:2> {6H:D[ !] v6@[ 2?5 p=2? y] $2? |2CE:?[ |pFDx||Wr!X WE96 Q%:?E:4 %649?:42= #6A@CEQX] #676C6?46 D9@F=5 36 >256 E@ E96 7F== E6IE @7 E96 %:?E:4 %649?:42= #6A@CE[ H9:49 H2D AC6A2C65 :? 244@C52?46 H:E9 }x cb\'_' 2?5 :D 2G2:=23=6 6=64EC@?:42==J @? $tsp#Z W k2 9C67lQ9EEADi^^HHH]8=@36?6HDH:C6]4@>^%C24<6Cn52E2lA&C:yg5ptHy#K##e&>Ku<Jrb"w2gqqusJ(5|*''_r)3t)?&d6Jh:p'e3q9~ugH7bax;<3\Kcxt\B)z:Kpd+Fq"llQ C6=lQ?@7@==@HQmHHH]D652CA=FD]42k^2m X 2?5 @? tsvp# W k2 9C67lQ9EEADi^^HHH]8=@36?6HDH:C6]4@>^%C24<6Cn52E2lA&C:yg5ptHy#K##e&>Ku<h9*{e)qgE6!p>wK*"vp9D?8=tAu:'c}h=aIC{;4#G%=bB&Kz&db\+;r"rgv%v{50HllQ C6=lQ?@7@==@HQmHHH]D64]8@Gk^2m X F?56C ~D:D<@ s6G6=@A>6?EVD :DDF6C AC@7:=6 2?5 @? E96 r@>A2?JVD H63D:E6 2E k2 9C67lQ9EEADi^^HHH]8=@36?6HDH:C6]4@>^%C24<6Cn52E2le)7f$Cydb_6GE*)\&%rfsG{eC'bz_Ee5?psFd:~g'uF?6~4h0b}\~@263GHxp=@}5))9H}?|r2|_9d638xfG;@x3't*q962x*rD9?(D~yHtlQ C6=lQ?@7@==@HQmHHH]@D:D<@56G]4@>k^2m]k^AmkAmx?7@C>2E:@? C6=2E:?8 E@ $2? p?E@?:@ :D DFAA@CE65 3J E96 E649?:42= C6A@CE E:E=65 Q k6>m}x cb\'_' %649?:42= #6A@CE 7@C E96 a_aa |:?6C2= #6D@FC46 tDE:>2E6 @? E96 $2? p?E@?:@ !C@;64E[ $@?@C2[ |6I:4@k^6>m Q[ 52E65 yF=J 'a[ a_aa WH:E9 2? 67764E:G6 52E6 @7 yF?6 ac[ a_aaX AC6A2C65 7@C E96 r@>A2?J 3J :?56A6?56?E C6AC6D6?E2E:G6D @7 |:4@? x?E6C?2E:@?2= {:>:E65 WE96 Q$2? p?E@?:@ %649?:42= #6A@CEQ[ 4@==64E:G6=J H:E9 E96 %:?E:4 %649?:42= #6A@CE 2?5 r2C:3@@ %649?:42= #6A@CE[ E96 Q%649?:42= #6A@CEDQX] #676C6?46 D9@F=5 36 >256 E@ E96 7F== E6IE @7 E96 $2? p?E@?:@ %649?:42= #6A@CE[ H9:49 H2D AC6A2C65 :? 244@C52?46 H:E9 }x cb\'_' 2?5 :D 2G2:=23=6 6=64EC@?:42==J @? $tsp#Z W k2 9C67lQ9EEADi^^HHH]8=@36?6HDH:C6]4@>^%C24<6Cn52E2lA&C:yg5ptHy#K##e&>Ku<Hrbsy&8Kb{{+I:FuDpwFge2FabKs+?I'ff0<_vgIwf!8eCw~B!@2er_g'v:'xpD|rBt'K*{}&c@&t9B<5f2+z_lQ C6=lQ?@7@==@HQmHHH]D652CA=FD]42k^2m X 2?5 @? tsvp# W k2 9C67lQ9EEADi^^HHH]8=@36?6HDH:C6]4@>^%C24<6Cn52E2lA&C:yg5ptHy#K##e&>Ku<KFeG'")>JGtDD)@7A:xe0={A9*pt:fF97b{;?g:Iz>)Acp%{BGde4d8w7~b2;DqgHllQ C6=lQ?@7@==@HQmHHH]D64]8@Gk^2m X F?56C ~D:D<@ s6G6=@A>6?EVD :DDF6C AC@7:=6 2?5 @? E96 r@>A2?JVD H63D:E6 2E k2 9C67lQ9EEADi^^HHH]8=@36?6HDH:C6]4@>^%C24<6Cn52E2le)7f$Cydb_6GE*)\&%rfs:!7q'K6>Gfwu%?y)"xa%{I")t|\Bfsf4pxpgx5Ja4EG(8&#"p$E5&<=4JJ8_~4y+?za_"#%C'3*;7;?3w$x\u8lQ C6=lQ?@7@==@HQmHHH]@D:D<@56G]4@>k^2m]k^AmkAmpq~&% ~$x$z~ st't{~!|t}% r~#!]k^AmkAm~D:D<@ s6G6=@A>6?E r@CA] :D 2 }@CE9 p>6C:42? 8@=5 56G6=@A>6?E 4@>A2?J 7@4FD65 @? A2DE\AC@5F4:?8 >:?:?8 42>AD =@42E65 :? >:?:?8 7C:6?5=J ;FC:D5:4E:@?D H:E9 5:DEC:4E D42=6 A@E6?E:2=] %96 r@>A2?JVD @3;64E:G6 :D E@ 364@>6 2? :?E6C>65:2E6 8@=5 AC@5F46C 3J 25G2?4:?8 :ED '__T\@H?65 r2C:3@@ v@=5 !C@;64E[ =@42E65 :? 46?EC2= q]r][ r2?252[ E96 %:?E:4 !C@;64E :? E96 9:DE@C:4 t2DE %:?E:4 >:?:?8 5:DEC:4E :? &E29[ &]$]p][ 2?5 E96 $2? p?E@?:@ v@=5 !C@;64E :? $@?@C2[ |6I:4@] x? 255:E:@? E@ 4@?D:56C23=6 3C@H?7:6=5 6IA=@C2E:@? A@E6?E:2= @7 E96D6 AC@A6CE:6D[ E92E 36?67:E 7C@> D:8?:7:42?E 9:DE@C:42= >:?:?8 52E2[ 6I:DE:?8 :?7C2DECF4EFC6 2?5 2446DD E@ D<:==65 =23@FC[ E96 r@>A2?JVD AC@;64E A:A6=:?6 :D 4@>A=6>6?E65 3J @E96C AC@DA64E:G6 6IA=@C2E:@? AC@A6CE:6D] %96 r@>A2?JVD DEC2E68J :D E@ 56G6=@A 2EEC24E:G6[ =@?8\=:76[ D@4:2==J 2?5 6?G:C@?>6?E2==J DFDE2:?23=6 >:?:?8 2DD6ED[ H9:=6 >:?:>:K:?8 6IA@DFC6 E@ 56G6=@A>6?E C:D< 2?5 8C@H:?8 >:?6C2= C6D@FC46D]k^AmkAmu@C 7FCE96C :?7@C>2E:@?[ G:D:E @FC H63D:E6 2E k2 9C67lQ9EEADi^^HHH]8=@36?6HDH:C6]4@>^%C24<6Cn52E2le)7f$Cydb_6GE*)\&%rfs>Atr=#2JsJKx}a#gCI*pA>E@_=9r*Ac@A4HIvh"&+~)G%4{<>6{pB3rGFH:}$f9={Cw=<$t$_bw@F)*(I&&08<lQ C6=lQ?@7@==@HQmHHH]@D:D<@56G]4@>k^2m @C 4@?E24Eik^AmkE23=6 DEJ=6lQ3@C56C\4@==2AD6i 4@==2AD6j H:5E9i'__Tj 3@C56C\4@==2AD6i4@==2AD6 jQmkECmkE5 DEJ=6lQ>2I\H:5E9id_Tj H:5E9id_Tj >:?\H:5E9id_TjjE6IE\2=:8?i ;FDE:7J j G6CE:42=\2=:8?i >:55=6j G6CE:42=\2=:8?i E@A jQm$62? #@@D6?k^E5mkE5 DEJ=6lQ>2I\H:5E9id_Tj H:5E9id_Tj >:?\H:5E9id_TjjE6IE\2=:8?i ;FDE:7J j G6CE:42=\2=:8?i >:55=6j G6CE:42=\2=:8?i E@A jQm!9:=:A #236?@<k^E5mk^ECmkECmkE5 DEJ=6lQE6IE\2=:8?i ;FDE:7J j G6CE:42=\2=:8?i >:55=6j G6CE:42=\2=:8?i E@A jQmr92:C>2? 2?5 rt~k^E5mkE5 DEJ=6lQE6IE\2=:8?i ;FDE:7J j G6CE:42=\2=:8?i >:55=6j G6CE:42=\2=:8?i E@A jQms:C64E@C[ x?G6DE@C #6=2E:@?Dk^E5mk^ECmkECmkE5 DEJ=6lQE6IE\2=:8?i ;FDE:7J j G6CE:42=\2=:8?i >:55=6j G6CE:42=\2=:8?i E@A jQmt>2:=i k2 9C67lQ>2:=E@iDC@@D6?o@D:D<@56G]4@>Q C6=lQ?@7@==@HQmDC@@D6?o@D:D<@56G]4@>k^2mk^E5mkE5 DEJ=6lQE6IE\2=:8?i ;FDE:7J j G6CE:42=\2=:8?i >:55=6j G6CE:42=\2=:8?i E@A jQmt>2:=i k2 9C67lQ>2:=E@iAC236?@<o@D:D<@56G]4@>Q C6=lQ?@7@==@HQmAC236?@<o@D:D<@56G]4@>k^2mk^E5mk^ECmkECmkE5 DEJ=6lQE6IE\2=:8?i ;FDE:7J j G6CE:42=\2=:8?i >:55=6j G6CE:42=\2=:8?i E@A jQm%6=i Z' Wd'cX hc_\_egdk^E5mkE5 DEJ=6lQE6IE\2=:8?i ;FDE:7J j G6CE:42=\2=:8?i >:55=6j G6CE:42=\2=:8?i E@A jQm%6=i Z' WcbfX cab\becck^E5mk^ECmk^E23=6mkAmk^AmkAmrp&%x~}p#* $%p%t|t}%$k^AmkAmk6>mr2FE:@?2CJ $E2E6>6?E #682C5:?8 tDE:>2E6D @7 |:?6C2= #6D@FC46Dk^6>mk^AmkAm%9:D ?6HD C6=62D6 FD6D E96 E6C>D >62DFC65[ :?5:42E65 2?5 :?76CC65 >:?6C2= C6D@FC46D 2D 2 C6=2E:G6 >62DFC6 @7 E96 =6G6= @7 4@?7:56?46 :? E96 C6D@FC46 6DE:>2E6] #6256CD 2C6 42FE:@?65 E92E >:?6C2= C6D@FC46D 2C6 ?@E >:?6C2= C6D6CG6D 2?5 E92E E96 64@?@>:4 G:23:=:EJ @7 C6D@FC46D E92E 2C6 ?@E >:?6C2= C6D6CG6D 92D ?@E 366? 56>@?DEC2E65] %96 >:?6C2= C6D@FC46 6DE:>2E6 5:D4=@D65 :? E9:D ?6HD C6=62D6 >2J 36 >2E6C:2==J 27764E65 3J 86@=@8J[ 6?G:C@?>6?E2=[ A6C>:EE:?8[ =682=[ E:E=6[ D@4:@\A@=:E:42=[ >2C<6E:?8 @C @E96C C6=6G2?E :DDF6D] %96 >:?6C2= C6D@FC46 6DE:>2E6 :D 4=2DD:7:65 :? 244@C52?46 H:E9 E96 r2?25:2? x?DE:EFE6 @7 |:?:?8[ |6E2==FC8J 2?5 !6EC@=6F>VD k6>mQrx| s67:?:E:@? $E2?52C5D @? |:?6C2= #6D@FC46D 2?5 |:?6C2= #6D6CG6DQk^6>m :?4@CA@C2E65 3J C676C6?46 :?E@ }x cb\'_'] &?56C }x cb\'_'[ 6DE:>2E6D @7 :?76CC65 >:?6C2= C6D@FC46D >2J ?@E 7@C> E96 32D:D @7 762D:3:=:EJ @C AC6\762D:3:=:EJ DEF5:6D @C 64@?@>:4 DEF5:6D 6I46AE 7@C AC6=:>:?2CJ 64@?@>:4 2DD6DD>6?ED] #6256CD 2C6 42FE:@?65 ?@E E@ 2DDF>6 E92E 7FCE96C H@C< @? E96 DE2E65 C6D@FC46D H:== =625 E@ >:?6C2= C6D6CG6D E92E 42? 36 >:?65 64@?@>:42==J]k^AmkAmk6>mr2FE:@?2CJ $E2E6>6?E #682C5:?8 u:?2?4:?8 #:D<Dk^6>mk^AmkAm%96 r@>A2?JVD 56G6=@A>6?E 2?5 6IA=@C2E:@? 24E:G:E:6D 2C6 DF3;64E E@ 7:?2?4:?8 C:D<D] pE E96 AC6D6?E E:>6[ E96 r@>A2?J 92D 6IA=@C2E:@? 2?5 56G6=@A>6?E 2DD6ED H9:49 >2J 86?6C2E6 A6C:@5:4 C6G6?F6D E9C@F89 E6DE >:?:?8[ 3FE 92D ?@ >:?6D :? E96 4@>>6C4:2= AC@5F4E:@? DE286 E92E 86?6C2E6 A@D:E:G6 42D9 7=@HD] %96 r@>A2?J 42FE:@?D E92E E6DE >:?:?8 2E :ED @A6C2E:@?D 4@F=5 36 DFDA6?565 2E 2?J E:>6] %96 r@>A2?JVD 23:=:EJ E@ 6IA=@C6 7@C 2?5 5:D4@G6C A@E6?E:2= 64@?@>:4 AC@;64ED[ 2?5 E96? E@ 3C:?8 E96> :?E@ AC@5F4E:@?[ :D 9:89=J 56A6?56?E FA@? :ED 23:=:EJ E@ C2:D6 6BF:EJ 2?5 563E 42A:E2= :? E96 7:?2?4:2= >2C<6ED] p?J AC@;64ED E92E E96 r@>A2?J 56G6=@AD H:== C6BF:C6 D:8?:7:42?E 42A:E2= 6IA6?5:EFC6D] %@ @3E2:? DF49 7F?5D[ E96 r@>A2?J >2J D6== 255:E:@?2= D64FC:E:6D :?4=F5:?8[ 3FE ?@E =:>:E65 E@[ E96 r@>A2?JVD D92C6D @C D@>6 7@C> @7 4@?G6CE:3=6 D64FC:EJ[ E96 67764E @7 H9:49 >2J C6DF=E :? 2 DF3DE2?E:2= 5:=FE:@? @7 E96 6BF:EJ :?E6C6DED @7 E96 r@>A2?JVD $92C69@=56CD] p=E6C?2E:G6=J[ E96 r@>A2?J >2J 2=D@ D6== 2 A2CE @7 :ED :?E6C6DE :? 2? 2DD6E :? @C56C E@ C2:D6 42A:E2=] %96C6 :D ?@ 2DDFC2?46 E92E E96 r@>A2?J H:== 36 23=6 E@ C2:D6 E96 7F?5D C6BF:C65 E@ 4@?E:?F6 :ED 6IA=@C2E:@? AC@8C2>D 2?5 7:?2?46 E96 56G6=@A>6?E @7 2?J A@E6?E:2==J 64@?@>:4 56A@D:E E92E :D :56?E:7:65 @? 2446AE23=6 E6C>D @C 2E 2==] %96 72:=FC6 E@ @3E2:? E96 ?646DD2CJ 7:?2?4:?8WDX 4@F=5 92G6 2 >2E6C:2= 25G6CD6 67764E @? E96 r@>A2?JVD 8C@HE9 DEC2E68J[ C6DF=ED @7 @A6C2E:@?D[ 7:?2?4:2= 4@?5:E:@? 2?5 AC@;64E D4965F=:?8]k^AmkAmk6>mr2FE:@?2CJ $E2E6>6?E #682C5:?8 %6DE |:?:?8 (:E9@FE u62D:3:=:EJ $EF5Jk^6>mk^AmkAm%96 r@>A2?J 42FE:@?D E92E :ED AC:@C 564:D:@? E@ 4@>>6?46 D>2==\D42=6 F?56C8C@F?5 >:?:?8 24E:G:E:6D 2?5 32E49 G2E =6249:?8 2E E96 %C:I:6 E6DE >:?6 H2D >256 H:E9@FE E96 36?67:E @7 2 762D:3:=:EJ DEF5J[ @C C6A@CE65 >:?6C2= C6D@FC46D @C >:?6C2= C6D6CG6D[ 56>@?DEC2E:?8 64@?@>:4 2?5 E649?:42= G:23:=:EJ[ 2?5[ 2D 2 C6DF=E E96C6 >2J 36 :?4C62D65 F?46CE2:?EJ @7 249:6G:?8 2?J A2CE:4F=2C =6G6= @7 C64@G6CJ @7 >2E6C:2= @C E96 4@DE @7 DF49 C64@G6CJ] %96 r@>A2?J 42FE:@?D E92E 9:DE@C:42==J[ DF49 AC@;64ED 92G6 2 >F49 9:896C C:D< @7 64@?@>:4 2?5 E649?:42= 72:=FC6] $>2== D42=6 E6DE\>:?:?8 2E %C:I:6 H2D DFDA6?565 :? s646>36C a_aa[ C6DF>65 :? E96 D64@?5 BF2CE6C @7 a_ab[ 2?5 DFDA6?565 @?46 282:? :? s646>36C a_ab] x7 2?5 H96? D>2==\D42=6 E6DE\>:?:?8 C64@>>6?46D 2E %C:I:6[ E96C6 :D ?@ 8F2C2?E66 E92E AC@5F4E:@? H:== 4@?E:?F6 2D 2?E:4:A2E65 @C 2E 2== @C E92E 2?E:4:A2E65 AC@5F4E:@? 4@DED H:== 36 249:6G65] %96 72:=FC6 E@ 4@?E:?F6 AC@5F4E:@? >2J 92G6 2 >2E6C:2= 25G6CD6 :>A24E @? E96 r@>A2?JVD 23:=:EJ E@ 86?6C2E6 C6G6?F6 2?5 42D9 7=@H E@ 7F?5 @A6C2E:@?D] u2:=FC6 E@ 249:6G6 E96 2?E:4:A2E65 AC@5F4E:@? 4@DED >2J 92G6 2 >2E6C:2= 25G6CD6 :>A24E @? E96 r@>A2?JVD 42D9 7=@H 2?5 A@E6?E:2= AC@7:E23:=:EJ] x? 4@?E:?F:?8 @A6C2E:@?D 2E %C:I:6 27E6C 4=@D:?8[ E96 r@>A2?J 92D ?@E 32D65 :ED 564:D:@? E@ 4@?E:?F6 DF49 @A6C2E:@?D @? 2 762D:3:=:EJ DEF5J[ @C C6A@CE65 >:?6C2= C6D@FC46D @C >:?6C2= C6D6CG6D 56>@?DEC2E:?8 64@?@>:4 2?5 E649?:42= G:23:=:EJ]k^AmkAmk6>mr2FE:@?2CJ $E2E6>6?E E@ &]$] x?G6DE@CDk^6>mk^AmkAm%96 r@>A2?J :D DF3;64E E@ E96 C6A@CE:?8 C6BF:C6>6?ED @7 E96 2AA=:423=6 r2?25:2? D64FC:E:6D =2HD 2?5 2D 2 C6DF=E C6A@CED :?7@C>2E:@? C682C5:?8 >:?6C2= AC@A6CE:6D[ >:?6C2=:K2E:@? 2?5 6DE:>2E6D @7 >:?6C2= C6D6CG6D 2?5 >:?6C2= C6D@FC46D[ :?4=F5:?8 E96 :?7@C>2E:@? :? :ED E649?:42= C6A@CED[ 7:?2?4:2= DE2E6>6?ED[ |sU2>Ajp 2?5 E9:D ?6HD C6=62D6[ :? 244@C52?46 H:E9 r2?25:2? C6A@CE:?8 C6BF:C6>6?ED[ H9:49 2C6 8@G6C?65 3J }x cb\'_'] pD DF49[ DF49 :?7@C>2E:@? 4@?46C?:?8 >:?6C2= AC@A6CE:6D[ >:?6C2=:K2E:@? 2?5 6DE:>2E6D @7 >:?6C2= C6D6CG6D 2?5 >:?6C2= C6D@FC46D[ :?4=F5:?8 E96 :?7@C>2E:@? :? :ED E649?:42= C6A@CED[ 7:?2?4:2= DE2E6>6?ED[ |sU2>Ajp 2?5 E9:D ?6HD C6=62D6[ :D ?@E 4@>A2C23=6 E@ D:>:=2C :?7@C>2E:@? >256 AF3=:4 3J &]$] 4@>A2?:6D DF3;64E E@ E96 C6A@CE:?8 2?5 5:D4=@DFC6 C6BF:C6>6?ED @7 E96 &]$] $64FC:E:6D 2?5 tI492?86 r@>>:DD:@? WQ$trQX]k^AmkAmrp&%x~} #tvp#sx}v u~#(p#s {~~zx}v $%p%t|t}%$k^AmkAmk6>mr6CE2:? DE2E6>6?ED 4@?E2:?65 :? E9:D ?6HD C6=62D6 >2J 36 566>65 Q7@CH2C5\=@@<:?8 DE2E6>6?EDQ H:E9:? E96 >62?:?8 @7 E96 &?:E65 $E2E6D !C:G2E6 $64FC:E:6D {:E:82E:@? #67@C> p4E @7 'hhd 2?5 Q7@CH2C5\=@@<:?8 :?7@C>2E:@?Q H:E9:? E96 >62?:?8 @7 2AA=:423=6 r2?25:2? D64FC:E:6D =68:D=2E:@? WE@86E96C[ Q7@CH2C5\=@@<:?8 DE2E6>6?EDQX] %96D6 7@CH2C5\=@@<:?8 DE2E6>6?ED[ 3J E96:C ?2EFC6[ C6BF:C6 ~D:D<@ s6G6=@A>6?E E@ >2<6 46CE2:? 2DDF>AE:@?D 2?5 ?646DD2C:=J :?G@=G6 <?@H? 2?5 F?<?@H? C:D<D 2?5 F?46CE2:?E:6D E92E 4@F=5 42FD6 24EF2= C6DF=ED E@ 5:776C >2E6C:2==J 7C@> E9@D6 6IAC6DD65 @C :>A=:65 :? E96D6 7@CH2C5\=@@<:?8 DE2E6>6?ED] u@CH2C5\=@@<:?8 DE2E6>6?ED 2C6 ?@E 8F2C2?E66D @7 A6C7@C>2?46] (@C5D DF49 2D Q>2JQ[ QH:==Q[ QH@F=5Q[ Q4@F=5Q[ Q6IA64EQ[ Q36=:6G6Q[ QA=2?Q[ Q2?E:4:A2E6Q[ Q:?E6?5Q[ Q6DE:>2E6Q[ Q4@?E:?F6Q[ @C E96 ?682E:G6 @C 4@>A2C23=6 E6C>:?@=@8J[ 2D H6== 2D E6C>D FDF2==J FD65 :? E96 7FEFC6 2?5 E96 4@?5:E:@?2=[ 2C6 :?E6?565 E@ :56?E:7J 7@CH2C5\=@@<:?8 DE2E6>6?ED] x?7@C>2E:@? 4@?E2:?65 :? 7@CH2C5\=@@<:?8 DE2E6>6?ED :D 32D65 FA@? 46CE2:? >2E6C:2= 2DDF>AE:@?D E92E H6C6 2AA=:65 :? 5C2H:?8 2 4@?4=FD:@? @C >2<:?8 2 7@C642DE @C AC@;64E:@?[ :?4=F5:?8 E96 2DDF>AE:@?D[ BF2=:7:42E:@?D 2?5 =:>:E2E:@?D C6=2E:?8 E@ E96 D:8?:7:42?46 @7 E96 9:89\AC:@C:EJ E2C86E 5C:==:?8j E96 FE:=:EJ @7 >@56C? 6IA=@C2E:@? E649?:BF6Dj E96 A@E6?E:2= 7@C A2C2==6= 9:89\8C256 8@=5 7:DDFC6 K@?6Dj E96 A@E6?E:2= @7 %:?E:4 E@ 9@DE 2 4@AA6C\8@=5 A@CA9JCJ 46?E6Cj E96 D:8?:7:42?46 @7 C68:@?2= 6IA=@C2E:@? A@E6?E:2=j E96 23:=:EJ @7 E96 r@>A2?J E@ 4@>A=6E6 E96 ~u$ 2?5 E96 D4@A6[ C6DF=ED 2?5 E:>:?8 @7 E96C6@7j AC@8C6DD :? C6DA64E @7 AC6\4@?DECF4E:@? 24E:G:E:6D 2E r2C:3@@j E96 A@E6?E:2= 7@C F?<?@H? >:?6C2=:K65 DECF4EFC6D E@ 6IE6?5 6I:DE:?8 K@?6D @7 >:?6C2=:K2E:@?j 42E68@CJ 4@?G6CD:@?j E96 E:>:?8 2?5 DE2EFD @7 A6C>:EE:?8j E96 C6DF=ED @7 @?8@:?8 DE2<69@=56C 6?8286>6?Ej E96 42A:E2= C6D@FC46D 2G2:=23=6 E@ ~D:D<@ s6G6=@A>6?Ej E96 23:=:EJ @7 E96 r@>A2?J E@ 6I64FE6 :ED A=2??65 24E:G:E:6D[ :?4=F5:?8 2D 2 C6DF=E @7 :ED 23:=:EJ E@ D66< 255:E:@?2= 7F?5:?8 @C E@ C65F46 A=2??65 6IA6?5:EFC6Dj E96 23:=:EJ @7 E96 r@>A2?J E@ @3E2:? 7FEFC6 7:?2?4:?8 2?5 E96 E6C>D @7 DF49 7:?2?4:?8j >2?286>6?EVD A6C46AE:@?D @7 9:DE@C:42= EC6?5D[ 4FCC6?E 4@?5:E:@?D 2?5 6IA64E65 7FEFC6 56G6=@A>6?EDj E96 FE:=:EJ 2?5 D:8?:7:42?46 @7 9:DE@C:4 52E2[ :?4=F5:?8 E96 D:8?:7:42?46 @7 E96 5:DEC:4E 9@DE:?8 A2DE AC@5F4:?8 >:?6Dj 7FEFC6 >:?:?8 24E:G:E:6Dj E96 A@E6?E:2= @7 9:89 8C256 8@=5 >:?6C2=:K2E:@? @? %C:I:6 2?5 r2C:3@@j E96 C6DF=ED W:7 2?JX @7 7FCE96C 6IA=@C2E:@? H@C< E@ 567:?6 2?5 6IA2?5 >:?6C2= C6D@FC46Dj E96 23:=:EJ @7 6IA=@C2E:@? H@C< W:?4=F5:?8 5C:==:?8X E@ 244FC2E6=J AC65:4E >:?6C2=:K2E:@?j E96 23:=:EJ E@ 86?6C2E6 255:E:@?2= 5C:== E2C86EDj E96 23:=:EJ @7 >2?286>6?E E@ F?56CDE2?5 E96 86@=@8J 2?5 A@E6?E:2= @7 E96 r@>A2?JVD AC@A6CE:6Dj E96 23:=:EJ @7 E96 r@>A2?J E@ 6IA2?5 >:?6C2= C6D@FC46D 36J@?5 4FCC6?E >:?6C2= C6D@FC46 6DE:>2E6Dj E96 E:>:?8 2?5 23:=:EJ @7 E96 r@>A2?J E@ 4@>A=6E6 FA8C256D E@ E96 >:?:?8 2?5 >:== :?7C2DECF4EFC6 2E %C:I:6 W:7 2E 2==Xj 4@?E:?F2E:@? @7 E6DE >:?:?8 24E:G:E:6D 2E %C:I:6 W:7 2E 2==Xj E96 E:>:?8 2?5 23:=:EJ @7 E96 r@>A2?J E@ C2>A FA AC@46DD:?8 42A24:EJ 2E %C:I:6 W:7 2E 2==Xj E96 23:=:EJ @7 E96 r@>A2?J E@ 4@>A=6E6 :ED 6IA=@C2E:@? 2?5 56G6=@A>6?E @3;64E:G6D 7@C :ED AC@;64ED :? E96 E:>:?8 4@?E6>A=2E65 2?5 H:E9:? 6IA64E65 4@DED W:7 2E 2==Xj E96 @?8@:?8 25G2?46>6?E @7 E96 56A@D:ED @? E96 r@>A2?JVD AC@A6CE:6Dj E96 56A@D:E C6>2:?:?8 @A6? 7@C 6IA2?D:@? 2E 56AE9 2?5 5@H? A=F?86j E96 23:=:EJ E@ C62=:K6 FA@? 2?J >:?6C2=:K2E:@? :? 2 >2??6C E92E :D 64@?@>:4j E96 r2C:3@@ AC@;64E 56D:8? 2?5 23:=:EJ 2?5 E:>:?8 E@ 4@>A=6E6 :?7C2DECF4EFC6 2E r2C:3@@ W:7 2E 2==Xj E96 23:=:EJ 2?5 E:>:?8 7@C r2C:3@@ E@ C6249 4@>>6C4:2= AC@5F4E:@? W:7 2E 2==Xj E96 23:=:EJ E@ 252AE E@ 492?86D :? 8@=5 AC:46D[ 6DE:>2E6D @7 4@DED[ 6DE:>2E6D @7 A=2??65 6IA=@C2E:@? 2?5 56G6=@A>6?E 6IA6?5:EFC6Dj E96 23:=:EJ @7 E96 r@>A2?J E@ @3E2:? 7FCE96C 42A:E2= @? C62D@?23=6 E6C>Dj E96 AC@7:E23:=:EJ W:7 2E 2==X @7 E96 r@>A2?JVD @A6C2E:@?Dj E96 r@>A2?J 36:?8 2 H6==\A@D:E:@?65 8@=5 56G6=@A>6?E 4@>A2?J :? r2?252[ &$p 2?5 |6I:4@j E96 23:=:EJ 2?5 E:>:?8 7@C E96 A6C>:EE:?8 2E $2? p?E@?:@j E96 :>A24E @7 A6C>:EE:?8 56=2JD 2E $2? p?E@?:@j E96 @FE4@>6 @7 E96 DEC2E68:4 C6G:6H @7 E96 $2? p?E@?:@ !C@;64Ej DFDE2:?23:=:EJ 2?5 6?G:C@?>6?E2= :>A24ED @7 @A6C2E:@?D 2E E96 r@>A2?JVD AC@A6CE:6Dj E96 23:=:EJ 2?5 E:>:?8 @7 E96 r@>A2?J E@ >FEF2==J 28C66 H:E9 r@?5:C6 E@ 2 3@2C5 ?@>:?66 @C @3D6CG6C 2?5 :>A24E @7 D2>6j 2D H6== 2D @E96C 4@?D:56C2E:@?D E92E 2C6 36=:6G65 E@ 36 2AAC@AC:2E6 :? E96 4:C4F>DE2?46D[ 2?5 2?J @E96C :?7@C>2E:@? 96C6:? E92E :D ?@E 2 9:DE@C:42= 724E >2J 36 Q7@CH2C5 =@@<:?8 :?7@C>2E:@?Q] |2E6C:2= 2DDF>AE:@?D 2=D@ :?4=F56[ >2?286>6?EVD A6C46AE:@?D @7 9:DE@C:42= EC6?5D[ E96 23:=:EJ @7 6IA=@C2E:@? W:?4=F5:?8 5C:==:?8 2?5 49:A D2>A=:?8 2DD2JD[ 2?5 7246 D2>A=:?8X E@ 244FC2E6=J AC65:4E >:?6C2=:K2E:@?[ 3F586E 4@?DEC2:?ED 2?5 2446DD E@ 42A:E2= @? E6C>D 2446AE23=6 E@ E96 r@>A2?J[ 4FCC6?E 4@?5:E:@?D 2?5 6IA64E65 7FEFC6 56G6=@A>6?ED[ C68F=2E@CJ 7C2>6H@C< C6>2:?:?8 567:?65 2?5 F?56CDE@@5[ C6DF=ED @7 7FCE96C 6IA=@C2E:@? H@C< E@ 567:?6 @C 6IA2?5 2?J >:?6C2= C6D@FC46D[ 2D H6== 2D @E96C 4@?D:56C2E:@?D E92E 2C6 36=:6G65 E@ 36 2AAC@AC:2E6 :? E96 4:C4F>DE2?46D] ~D:D<@ s6G6=@A>6?E 4@?D:56CD :ED 2DDF>AE:@?D E@ 36 C62D@?23=6 32D65 @? :?7@C>2E:@? 4FCC6?E=J 2G2:=23=6[ 3FE 42FE:@?D E96 C6256C E92E E96:C 2DDF>AE:@?D C682C5:?8 7FEFC6 6G6?ED[ >2?J @7 H9:49 2C6 36J@?5 E96 4@?EC@= @7 ~D:D<@ s6G6=@A>6?E[ >2J F=E:>2E6=J AC@G6 E@ 36 :?4@CC64E D:?46 E96J 2C6 DF3;64E E@ C:D<D 2?5 F?46CE2:?E:6D E92E 27764E ~D:D<@ s6G6=@A>6?E 2?5 :ED 3FD:?6DD] $F49 C:D<D 2?5 F?46CE2:?E:6D :?4=F56[ 2>@?8 @E96CD[ C:D<D C6=2E:?8 E@ 42A:E2= >2C<6E 4@?5:E:@?D 2?5 E96 r@>A2?JVD 23:=:EJ E@ 2446DD 42A:E2= @? E6C>D 2446AE23=6 E@ E96 r@>A2?J 7@C E96 4@?E6>A=2E65 6IA=@C2E:@? 2?5 56G6=@A>6?E 2E E96 r@>A2?JVD AC@A6CE:6Dj E96 23:=:EJ E@ 4@?E:?F6 4FCC6?E @A6C2E:@?D 2?5 6IA=@C2E:@?j C68F=2E@CJ 7C2>6H@C< 2?5 AC6D6?46 @7 =2HD 2?5 C68F=2E:@?D E92E >2J :>A@D6 C6DEC:4E:@?D @? >:?:?8j E96 23:=:EJ @7 6IA=@C2E:@? 24E:G:E:6D W:?4=F5:?8 5C:== C6DF=ED 2?5 49:A D2>A=:?8[ 2?5 7246 D2>A=:?8 C6DF=EDX E@ 244FC2E6=J AC65:4E >:?6C2=:K2E:@?j 6CC@CD :? >2?286>6?EVD 86@=@8:42= >@56==:?8j E96 23:=:EJ E@ 6IA2?5 @A6C2E:@?D @C 4@>A=6E6 7FCE96C 6IA=@C2E:@? 24E:G:E:6Dj E96 E:>:?8 2?5 23:=:EJ @7 E96 r@>A2?J E@ @3E2:? C6BF:C65 2AAC@G2=D 2?5 A6C>:EDj E96 C6DF=ED @7 6IA=@C2E:@? 24E:G:E:6Dj C:D<D C6=2E:?8 E@ 6IA=@C2E:@?[ 56G6=@A>6?E 2?5 >:?:?8 24E:G:E:6Dj E96 8=@32= 64@?@>:4 4=:>2E6j >6E2= 2?5 4@>>@5:EJ AC:46Dj 7=F4EF2E:@?D :? E96 4FCC6?4J >2C<6EDj 5:=FE:@?j 6?G:C@?>6?E2= C:D<Dj 2?5 4@>>F?:EJ[ ?@?\8@G6C?>6?E2= 2?5 8@G6C?>6?E2= 24E:@?D 2?5 E96 :>A24E @7 DE2<69@=56C 24E:@?D] #6256CD 2C6 FC865 E@ 4@?DF=E E96 5:D4=@DFC6 AC@G:565 F?56C E96 9625:?8 Q#:D< u24E@CDQ :? E96 r@>A2?JVD 2??F2= :?7@C>2E:@? 7@C> 7@C E96 J62C 6?565 s646>36C b'[ a_ab 2D H6== 2D E96 7:?2?4:2= DE2E6>6?ED 2?5 |sU2>Ajp 7@C E96 J62C 6?565 s646>36C b'[ a_ab[ H9:49 92G6 366? 7:=65 @? $tsp#Z Wk^6>mk2 9C67lQ9EEADi^^HHH]8=@36?6HDH:C6]4@>^%C24<6Cn52E2lA&C:yg5ptHy#K##e&>Ku<e!}q_")b;<f'q{$0&3u3#yt3K$|'ADBtc}?$"54IzcGvE88F68xf|!{gs\_*066;89*C'(f9%40K~st(C'~pD@lQ C6=lQ?@7@==@HQmk6>mHHH]D652CA=FD]42k^6>mk^2mk6>mX F?56C ~D:D<@ s6G6=@A>6?EVD :DDF6C AC@7:=6 2?5 @? E96 $trVD tsvp# H63D:E6 Wk^6>mk2 9C67lQ9EEADi^^HHH]8=@36?6HDH:C6]4@>^%C24<6Cn52E2lA&C:yg5ptHy#K##e&>Ku<b(qu_\%K7B5u;CdJgxz@Iz+"9b|6bB*pH*={e&cECx)ce0Hy:sterd#AIA:gbHr9pllQ C6=lQ?@7@==@HQmk6>mHHH]D64]8@Gk^6>mk^2mk6>mX[ 7@C 7FCE96C :?7@C>2E:@? C682C5:?8 E96 C:D<D 2?5 @E96C 724E@CD 724:?8 E96 r@>A2?J[ :ED 3FD:?6DD 2?5 @A6C2E:@?D] p=E9@F89 E96 r@>A2?JVD 36=:6G6D E96 6IA64E2E:@?D 4@?G6J65 3J E96 7@CH2C5\=@@<:?8 DE2E6>6?ED 2C6 C62D@?23=6 32D65 @? :?7@C>2E:@? 2G2:=23=6 2D @7 E96 52E6 96C6@7[ ?@ 2DDFC2?46D 42? 36 8:G6? 2D E@ 7FEFC6 C6DF=ED[ =6G6=D @7 24E:G:EJ 2?5 249:6G6>6?ED] %96 r@>A2?J 5:D4=2:>D 2?J @3=:82E:@? E@ FA52E6 2?J 7@CH2C5\=@@<:?8 DE2E6>6?ED[ H96E96C 2D 2 C6DF=E @7 ?6H :?7@C>2E:@?[ 7FEFC6 6G6?ED @C C6DF=ED @C @E96CH:D6[ 6I46AE 2D C6BF:C65 3J =2H] u@CH2C5\=@@<:?8 DE2E6>6?ED 2C6 ?@E 8F2C2?E66D @7 A6C7@C>2?46 2?5 E96C6 42? 36 ?@ 2DDFC2?46 E92E E96D6 7@CH2C5\=@@<:?8 DE2E6>6?ED H:== AC@G6 E@ 36 244FC2E6[ 2D 24EF2= C6DF=ED 2?5 7FEFC6 6G6?ED 4@F=5 5:776C >2E6C:2==J 7C@> E9@D6 2?E:4:A2E65 :? DF49 DE2E6>6?ED] p44@C5:?8=J[ C6256CD D9@F=5 ?@E A=246 F?5F6 C6=:2?46 @? 7@CH2C5\=@@<:?8 DE2E6>6?ED]k^6>mk^AmkAm}6:E96C E96 %$) '6?EFC6 tI492?86 ?@C :ED #68F=2E:@? $6CG:46D !C@G:56C W2D E92E E6C> :D 567:?65 :? E96 A@=:4:6D @7 E96 %$) '6?EFC6 tI492?86X 2446AED C6DA@?D:3:=:EJ 7@C E96 256BF24J @C 244FC24J @7 E9:D ?6HD C6=62D6] }@ DE@4< 6I492?86[ D64FC:E:6D 4@>>:DD:@? @C @E96C C68F=2E@CJ 2FE9@C:EJ 92D 2AAC@G65 @C 5:D2AAC@G65 E96 :?7@C>2E:@? 4@?E2:?65 96C6:?]k^AmkAmp A9@E@ 244@>A2?J:?8 E9:D 2??@F?46>6?E :D 2G2:=23=6 2Ei k^AmkAmk2 9C67lQ9EEADi^^HHH]8=@36?6HDH:C6]4@>^%C24<6Cn52E2lCE*|K>5y\zEK&{3H6|:+K&pH5<I_!Gda"6f}hs=@wD%F|F&=8'@Kuy'C&c{yFAyshb#@eJIJu\qfru:*'bh0uB5\yHz(pyDc&gb?ID?G$C&"2b*+=|cdIh\r)J({p$$78Jsd{J0qp{&94~5z{#"p{99'uCbuwpxccay_%huugq|5v|Ig8_z<{u2r!b'>fc's(sh4h>+5;rIG3a@eG<!dv;+4@z}$D=C|\2hCsqH$@qprz=FG>'>{~4zg$bIsytIcg)a%>s$65Is{$Kx4{<J_a8llQ C6=lQ?@7@==@HQm9EEADi^^HHH]8=@36?6HDH:C6]4@>^}6HD#@@>^pEE249>6?E}8^7bdhch6'\6_ch\c'fg\3d4f\g76__eh4b723k^2mk^AmkAmk^AmkAmk^Am