Was it Really Present? Feminism in Journalism Coverage of Egyptian Parliamentary Election Campaign
Abstract
The content analysis of Egyptian journalism coverage of 2010 parliamentary election campaign concluded that the coverage was biased in favor of male candidates who received more attention on male issues than female candidates, whereas female candidates received more attention on female issues than male candidates. Also male and female candidates received different coverage concerning their personal traits, frames and background, but both candidate electability and the slant of coverage were equitable to men and women candidates. Furthermore there were some differences in how male and female journalists covered men and women candidates.
Full text
! ! ! ! ! ! ! P+8!73!D)+66=!'()8)13M!U)271782!71!N/B(1+6782!;/0)(+.)!! /*!%.=537+1!'+(67+2)13+(=!%6),37/1!;+25+7.1! ! 3=O&G$S!+(!Q&S<!0<O&S@S@1! ! ! >?83(+,3! -O$!'=>K$>K!&>&<RF@F!=%!0)RZK@&>!b=N#>&<@FG!'=\$#&)$!=%!HXWX!Z&#<@&G$>K&#R!$<$'K@=>! '&GZ&@)>!'=>'<NS$S!KO&K!KO$!'=\$#&)$!^&F![@&F$S!@>!%&\=#!=%!G&<$!'&>S@S&K$F!^O=! #$'$@\$S! G=#$! &KK$>K@=>! =>! G&<$! @FFN$F! KO&>! %$G&<$! '&>S@S&K$F6! ^O$#$&F! %$G&<$! '&>S@S&K$F! #$'$@\$S! G=#$! &KK$>K@=>! =>! %$G&<$! @FFN$F! KO&>! G&<$! '&>S@S&K$F(! +<F=! G&<$!&>S!%$G&<$!'&>S@S&K$F!#$'$@\$S!S@%%$#$>K!'=\$#&)$!'=>'$#>@>)!KO$@#!Z$#F=>&<! K#&@KF6!%#&G$F!&>S![&'A)#=N>S6![NK![=KO!'&>S@S&K$!$<$'K&[@<@KR!&>S!KO$!F<&>K!=%!! '=\$#&)$!^$#$!$`N@K&[<$!K=!G$>!&>S!^=G$>!'&>S@S&K$F(!QN#KO$#G=#$!KO$#$! ^$#$! F=G$! S@%%$#$>'$F! @>! O=^! G&<$! &>S! %$G&<$! b=N#>&<@FKF! '=\$#$S! G$>! &>S! ^=G$>! '&>S@S&K$F(!! ! @)=9/(48A! ^=G$>! '&>S@S&K$6! b=N#>&<@FG6! $<$'K@=>! '&GZ&@)>6! Z=<@K@'&<! '=GGN>@'&K@=>6!%#&G@>)(! ! ! "13(/4B,37/1! 9>!HXXI!KO$!$<$'K@=>!<&^!@>!0)RZK!^&F!G=S@%@$S!KO#=N)O!&!'=>FK@KNK@=>&<!&G$>SG$>K! =%!&#K@'<$!PH!G&KK$#@>)!KO$!&<<='&K@=>!=%!PJ!F$&KF!%=#!^=G$>!@>!0)RZK@&>!Z&#<@&G$>K! A>=^>! &F! i<%+,(! -O$! &@G! ^&F! K=! @>'#$&F$! F$&KF! %=#! ^=G$>! K=! FNZZ=#K! KO$@#! Z&#K@'@Z&K@=>!@>!KO$!Z&#<@&G$>K&#R!^=#A!KO#=N)O!'=GZ$K@K@=>!&G=>)!KO$GF$<\$F6!@>! &SS@K@=>! K=! KO$! Z=FF@[@<@KR! K=! @>'#$&F$! KO$! >NG[$#! =%! PJ! F$&KF! ^O$>! '=GZ$K@>)! &)&@>FK!G&<$!'&>S@S&K$F!@>!KO$!Z&#<@&G$>K&#R!$<$'K@=>(!! ! 9>! KO@F! #$FZ$'K! KO$! FKNSR! <==AF! &K! O=^! 0)RZK@&>! b=N#>&<@FG! Z=#K#&R$S! KO$! %$G&<$! '&>S@S&K$F!@>!Z&#<@&G$>K&#R!$<$'K@=>F!'&GZ&@)>!'=GZ&#$S!K=!G&<$!'&>S@S&K$F(!8F@>)! Z#$\@=NF! <@K$#&KN#$! KO&K! $VZ<=#$S! G$S@&fF! Z=#K#&R&<! =%! %$G&<$! '&>S@S&K$F! @>! '=GZ&#@F=>!K=!G&<$!'&>S@S&K$F6!KO@F!FKNSR!#$<@$F!=>!&!'=>K$>K!&>&<RF@F!=%!&#K@'<$F!%#=G! G&b=#!0)RZK@&>!>$^FZ&Z$#F!&>S!&!>$^F!^$[F@K$6!$VK$>SF!G=#$!N>S$#FK&>S@>)!&[=NK! O=^!b=N#>&<@FG!K#$&K$S!%$G&<$!&>S!G&<$!'&>S@S&K$F!=%!HXWX!Z&#<@&G$>K&#R!$<$'K@=>! '&GZ&@)>!@>!0)RZK!$`N@K&[<R!@>!K$#GF!=%!KO$!`N&>K@KR!&>S!KO$!`N&<@KR!=%!'=\$#&)$(!! ! H73)(+3B()!()07)9! 3N'O!#$F$&#'O!O&F!K$FK$S!G$S@&!'=\$#&)$!=%!%$G&<$!'&>S@S&K$F!#N>>@>)!%=#!$<$'K@=>! [R!%='NF@>)!=>!KO$!G$&FN#$G$>K!=%!KO$!%=<<=^@>)!&#$&F1! ! 85'! &%/<*'! %4! 1%&'(,$';! F=G$! =%! Z#$\@=NF! FKNS@$F! c$()(6! ]&O>! WUUJh! ]&O>! u! :=<S$>[$#)!WUUWd!!O&\$!%=N>S!KO&K!%$G&<$!'&>S@S&K$F!#$'$@\$!<$FF!'=\$#&)$!KO&>!S=! KO$@#!G&<$!'=N>K$#Z&#KF(!]&O>!^=#A!<$S!K=!G=#$!#$F$&#'O!K=!FO$S!<@)OK!=>!KO$![@&F$F! =%!Z#$FF!'=\$#&)$!=%![=KO!G&<$!&>S!%$G&<$!'&>S@S&K$F(!;=G$!=%!#$'$>K!FKNS@$F!c+S&R! &>S!2$\@KK!HXXWh!7$<SG&>!$K!&<(!HXX*h!"@Z$#B+@A$>!WUUUd!'=>%@#G$S!]&O>fF!%@>S@>)F6! ^O$#$&F!=KO$#F!c$()(6!+KA$F=>!u!]#$[F!HXXEh!2$\@KK!HXXHh!;G@KO!WUUId!#$\$&<$S!>=! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! W!2$Z&#KG$>K!=%!3&FF!4=GGN>@'&K@=>6!Q&'N<KR!=%!&#KF6!2NGR&K!8>@\$#F@KR6!0)RZK! 3=O&G$S$<O&S@S@JLiR&O==('=G6!3=O&G$SK&$G&WWiO=KG&@<('=G!j!!HXXH!XWWJ!ELEL!HH*!
[@&F! @>! KO$!\=<NG$! =%! '=\$#&)$! =%! G&<$! &>S!%$G&<$! 8(;!;$>&K$! &>S! )N[$#>&K=#@&<! '&>S@S&K$F6!$V'$ZK!@>!=Z$>!#&'$F(!;G@KO!cWUUId!%=N>S!G$>!#$'$@\$S!G=#$!'=\$#&)$6! ^O$#$&F!=KO$#F! c$()(6!?RFK#=G!$K! &<(!HXXWd! FN))$FK$S!)#$&K$#!'=\$#&)$!=%!^=G$>6! FZ$'@%@'&<<R!KO&K!![$@>)!&!^=G&>!F@)>@%@'&>K<R!@>'#$&F$F!KO$!G$S@&!&KK$>K@=>!7=NF$! G$G[$#F!#$'$@\$!c:$#FO=>!HXXEd(! ! 7,)-0-,+'2^!022<'2A!9>!WUUU6!2$\@KKfF!&>&<RF@F!=%!KO$!'=\$#&)$!#$'$@\$S![R!G&<$!&>S! %$G&<$! '&>S@S&K$F! %=#! )=\$#>=#! @>S@'&K$S! KO&K! G$>! ^$#$! G=#$! <@A$<R! K=! #$'$@\$! '=\$#&)$!=>!&>!@FFN$!FK&>S!=#!#$'=#S!=>!Z=<@K@'&<!@FFN$F!KO&>!^=G$>!'=N>K$#Z&#KF(! +<F=!]&O>!cWUULd!@<<NG@>&K$S!KO&K!^O@<$!^=G$>!'&>S@S&K$F!#$&<<R!$GZO&F@D$S!F='@&<! @FFN$F! &>S! G$>! $GZO&F@D$S!%=#$@)>! Z=<@'R6! $'=>=G@'F! &>S! &)#@'N<KN#$6! G=FK! @FFN$! '=\$#&)$! )@\$>! [R! KO$! Z#$FF! K=! &>R! '&>S@S&K$! ^&F! &[=NK! KO$F$! FK$#$=KRZ@'&<<R! gG&F'N<@>$g!@FFN$F6!&>S!^O$>!g%$G&<$g!@FFN$F!^$#$!'=\$#$S![R!KO$!Z#$FF6!KO$R!^$#$! @>S$$S! '=\$#$S! G=#$! $VK$>F@\$<R! ^O$>! KO$! '&>S@S&K$! ^&F! &! ^=G&>(! +<F=! =KO$#F! c?RFK#=G!$K!&<(!HXXWh!;G@KO!WUUId!'=>'<NS$S!KO&K!&<KO=N)O!G$>fF!&>S!^=G$>fF!@FFN$! '=\$#&)$!^&F!F@G@<&#!=>!'#@G$!&>S!)=\$#>G$>K!%@>&>'$F6!G&<$!'&>S@S&K$!'=\$#&)$! '=>F@FK$>K<R! $GZO&F@D$S! $'=>=G@'! '=>'$#>F(! .>! KO$! '=>K#&#R6! ! &! #$'$>K! FKNSR! c+KA$F=>! &>S! ]#$[F! HXXEd! @<<NG@>&K$S! KO&K! @>! Z#$FF! '=\$#&)$! =%! KO$! 8;+! G&R=#&<! $<$'K@=>F6!%$G&<$!'&>S@S&K$F!S@S!>=K!#$'$@\$!G=#$!&KK$>K@=>!=>!g%$G&<$g!@FFN$F!>=#! S@S!KO$R!#$'$@\$!<$FF!=>!gG&<$g!@FFN$F(! ! 7,)-0-,+'2^! +(,0+2A! 9>! WUUJ6! ]&O>fF! FKNSR! =%! %$G&<$! 8(;(! ;$>&K$! &>S! )N[$#>&K=#@&<! '&>S@S&K$F!@>S@'&K$S!KO&K!^=G$>!'&>S@S&K$F!^$#$!&S\&>K&)$S!KO#=N)O!%='NF@>)!=>! %$G@>@>$! K#&@KF! FN'O! &F! ^&#GKO! &>S! O=>$FKR(! 7=^$\$#6! #$Z=#K$#F! S@F'NFF$S! G&<$! Z$#F=>&<@KR! K#&@KF! c$()(6! K=N)O>$FF6! <$&S$#FO@Z! FA@<<F6! &>S! @>K$<<@)$>'$d! F<@)OK<R! G=#$! KO&>!%$G&<$!K#&@KF!c$()(6!O=>$FKR6!&>S!'=GZ&FF@=>d(!+<F=!F$>&K$!#&'$F!FKNS@$F!%=N>S! KO&K!#$Z=#K$#F!Z=#K#&R$S!G$>!&F!FK#=>)!&>S!^=G$>!&F!&ZZ#=&'O&[<$!&>S!F$>F@K@\$! c`N=K$S! @>! 2$\@KK! HXXH1! JJEd(! 3=#$! #$'$>K! FKNS@$F6! ^O@<$! &ZZ#=&'O@>)! &! '=>K$>K! &>&<RF@F!=%!Z#$FF!'=\$#&)$!=%!KO$!HXXE!Z#$F@S$>K@&<!>=G@>&K@=>!'&GZ&@)>6!@<<NG@>&K$S! KO&K!G$>K@=>F!=%!>$)&K@\$!K#&@KF!^$#$!F@)>@%@'&>K<R!$<$\&K$S!%=#!7@<&#R!4<@>K=>!\$#FNF! O$#! 2$G='#&K@'! '=GZ$K@K=#F! &>S! KO$R! K$>S$S! K=! $GZO&F@D$! Z$#F=>&<@KR! %&N<KF! ĂƐƐŽĐŝĂƚĞĚǁŝƚŚůŝŶƚŽŶ;ĞŐĚŝƐŚŽŶĞƐƚLJĂŶĚĚŝǀŝƐŝǀĞŶĞƐƐͿǁŚĞƌĞĂƐĂƌĂŬKďĂŵĂƐ '=\$#&)$!K$>S$S!K=!$GZO&F@D$!O@F!@>$VZ$#@$>'$!c"$&A$!u!3@<<$#!HXXEd6!&>S!7@<<&#R! 4<@>K=>fF!'=GZ$K$>'$!'=N<S!>=K! =\$#'=G$!&!'=>F@S$#&[<$!&G=N>K!=%!Z$#F=>&<!&>S! Z=<@K@'&<![&))&)$!c4&#<@>!&>S!]$<<R!HXXU1!LLUd(!-O$!F&G$!G&>>$#!^&F!@>!Z#$F@S$>K@&<! #&'$! @>! 4O@<$! Z#$FF! KO&K! Z=#K#&R$S! %$G&<$! '&>S@S&K$! @>! KO$! K#&S@K@=>&<! %$G&<$! FK$#$=KRZ$! =%! '&#$! &>S! '=GZ&FF@=>6! ^O@<$! KO$! G&<$! '&>S@S&K$F! ^$#$! %#&G$S! @>! FK$#$=KRZ@'&<! G&F'N<@>$! G&>>$#F6! S$F'#@[$S! &F! '=GZ$K$>K! &>S! )==S! <$&S$#F! cY&<$>DN$<&!&>S!4=##$&!HXXUd(!! ! 85'!2/,)+!%4!1%&'(,$'A!3$S@&!'=\$#&)$!^&F!>$)&K@\$!@>!F=G$!'&F$F!c?RFK#=G!HXXP&h! 4&#<@>!&>S!M@>%#$R!HXXUh!]&O>!WUUPd6![NK!=KO$#F!%=N>S!\@&[@<@KR!^&F!G=FK<R!$`N@K&[<$! c?RFK#=G!$K!&<(!HXXWh!_&<&D&@!HXXPh!;G@KO!WUUId6!&>S!?RFK#=G!$K!&<(!cHXXJd!FN))$FKF! KO&K! KO@F! Z#=[<$G! O&F! <$FF$>$S! =\$#! K@G$(! 9>! 4&>&S&6! ^=G$>! '&>S@S&K$F! &#$! S$F'#@[$S!@>!G=#$!>$)&K@\$!&>S!&))#$FF@\$!K$#GF!KO&>!KO$@#!G&<$!'=N>K$#Z&#KF!c$()(6! :@S$>)@<!&>S!0\$#@KK!WUUU6!HXXLd6![NK!@>!4O@<$!2NFF&@<<&>K!cHXX*d!%=N>S!KO&K!>$NK#&<@KR! ^&F!KO$!%#&G$!G=FK!%#$`N$>K<R!NF$S![R!KO$!4O@<$&>!Z#$FF!K=!S$F'#@[$!KO$!'&>S@S&K$F! =%!KO$!WUUU!$<$'K@=>!c`N=K$S!@>!Y&<$>DN$<&!&>S!4=##$&!HXXU1!HWEd(!+F!%=#!'&>S@S&K$! $<$'K&[@<@KR6!G&<$!'&>S@S&K$F!@>!KO$!<='&<!#&'$F!#$'$@\$S!'=\$#&)$!&F!$\$>KN&<!^@>>$#! G=#$!KO&>!%$G&<$!'&>S@S&K$F!@>!KO$!@>K$#)$>S$#!#&'$!c+KA$F=>!&>S!]#$[F!HXXEd(!9>! FK&#A! '=>K#&FK! =KO$#! FKNS@$F! c$()(6! Y&<$>DN$<&! &>S! 4=##$&! HXXUd! @>S@'&K$S! KO&K! KO$! %$G&<$! Z#$F@S$>K@&<! '&>S@S&K$! ^&F! &<^&RF! S$F'#@[$S! &F! KO$!<@A$<R! ^@>>$#6! ^O$#$&F!
! ! ! ! ! G=FK! '=\$#&)$! =%! KO$! K^=! G&<$! '&>S@S&K$F! @>! KO$! '&GZ&@)>! S$Z@'K$S! KO$G! &F! '=GZ$K@K@\$!'&>S@S&K$F6![NK!>=K!&F!<@A$<R!^@>>$#F!cZZ(HWHBHWLd(!!! ! J(,*0)$!4'*,/'!1,)-0-,+';!,$F$&#'O!FZ$'@%@'&<<R!=>!KO$!'=\$#&)$!=%!%$G&<$!&>S!G&<$! '&>S@S&K$F6! ^O@<$! R@$<S@>)! &! \&#@$KR! =%! #$FN<KF6! O&F! &<F=! S$G=>FK#&K$S! O=^! KO$! &>&<RF@F!=%!%#&G$F!G&R[$!NF$%N<!@>!S$K$'K@>)!Z&KK$#>F!@>!>$^F!'=\$#&)$!c2$\@KK!HXXH1! JJId(!;KNS@$F!=%!Z#$FF!'=\$#&)$!=%!)$>S$#!FK$#$=KRZ$F!c+S&R!u!2$\@KK!HXXWh!?&>^&#K! $K!&<(!HXXLh!?RFK#=G!HXXP&h!2$\@KK!HXXHh!7$<SG&>!$K!&<(6!HXX*h!]&O>!WUUJh!]&O>!u! :=<S$>[$#)!WUUWd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cHXXEd!=>!G&R=#&<!$<$'K@=>F!^O=!#$\$&<$S!KO&K!@>!KO$F$!<='&<!#&'$F! KO$!'&>S@S&K$Ff!Z#=V@G@KR!K=!KO$!<='&<!G$S@&6!KO$@#!Z$#F=>&<!A>=^<$S)$!&>S!%&G@<@$F! G&R!<$&S!K=!<$FF![@&F!=>!KO@F!S@G$>F@=>(!!!! ! `=5/3:)8)8! `QA! -O$#$! &#$! FK&K@FK@'&<<R! F@)>@%@'&>K! S@%%$#$>'$F! @>! KO$! `N&>K@KR! =%! 0)RZK@&>! b=N#>&<@FG!'=\$#&)$!&''=#S@>)!K=!KO$!)$>S$#!=%!KO$!'&>S@S&K$(!! `TA! -O$#$! &#$! FK&K@FK@'&<<R! F@)>@%@'&>K! S@%%$#$>'$F! @>! @FFN$F! '=\$#$S! @>! 0)RZK@&>! b=N#>&<@FG!&''=#S@>)!K=!KO$!)$>S$#!=%!KO$!'&>S@S&K$(! `XA!-O$#$!&#$!FK&K@FK@'&<<R!F@)>@%@'&>K!S@%%$#$>'$F!@>!Z$#F=>&<!K#&@KF!'=\$#$S!@>!0)RZK@&>! b=N#>&<@FG!&''=#S@>)!K=!KO$!)$>S$#!=%!KO$!'&>S@S&K$(!! `]A!-O$#$!&#$!FK&K@FK@'&<<R!F@)>@%@'&>K!S@%%$#$>'$F!@>!%#&G$F!&>S![&'A)#=N>S!'=\$#$S!@>! 0)RZK@&>!b=N#>&<@FG!&''=#S@>)!K=!KO$!)$>S$#!=%!KO$!'&>S@S&K$(!!! `[A! -O$#$! &#$!FK&K@FK@'&<<R!F@)>@%@'&>K!S@%%$#$>'$F! @>!'&>S@S&K$! F<&>K!&>S!$<$'K&[@<@KR! '=\$#$S!@>!0)RZK@&>!b=N#>&<@FG!&''=#S@>)!K=!KO$!)$>S$#!=%!KO$!!'&>S@S&K$(!! `gA! -O$#$! &#$! FK&K@FK@'&<<R! F@)>@%@'&>K! S@%%$#$>'$F! @>! \=<NG$! =%! 0)RZK@&>! b=N#>&<@FG! '=\$#&)$!=%!%$G&<$!&>S!G&<$!'&>S@S&K$!&''=#S@>)!K=!KO$!)$>S$#!=%!KO$!$S@K=#(! `hA!-O$#$!&#$!FK&K@FK@'&<<R!F@)>@%@'&>K!S@%%$#$>'$F!@>!'&>S@S&K$!$<$'K&[@<@KR!&>S!F<&>K! '=\$#$S!@>!0)RZK@&>!b=N#>&<@FG!&''=#S@>)!K=!KO$!)$>S$#!=%!KO$!$S@K=#(! `fA!-O$#$!&#$!FK&K@FK@'&<<R!F@)>@%@'&>K!S@%%$#$>'$F!@>!'&>S@S&K$!%#&G$F!&>S![&'A)#=N>S! '=\$#$S!@>!0)RZK@&>!b=N#>&<@FG!&''=#S@>)!K=!KO$!)$>S$#!=%!KO$!$S@K=#(! ! D)8)+(,:!4)87.1!+14!S)3:/4/6/.=!! -=!K$FK!KO$!FKNSR!ORZ=KO$F$F6!'=>K$>K!&>&<RF@F!=%!KO#$$!G&b=#!S&@<R!>$^FZ&Z$#F!&>S! &>! =><@>$! >$^F! ^$[F@K$! @>! 0)RZK! ^&F! '=>SN'K$S! SN#@>)! KO$! '&GZ&@)>(! -O$! >$^FZ&Z$#F!F&GZ<$!^&F!&S=ZK$S!&''=#S@>)!K=!+<B+O#&G!Q=N>S&K@=>!%=#!"#$FF! &>S! 2N[&@!"#$FF!4<N[6!&>S!KO$F$!>$^FZ&Z$#F!&#$1!F/#F5(,*!c-O$!"R#&G@SFd!&F!=>$!=%!KO$! <&#)$FK!FK&K$B=^>$S!>$^FZ&Z$#F!'@#'N<&K@=>!&>S!&<F=!A>=^>!&F!>&K@=>&<!>$^FZ&Z$#F6! F/#3,4-!&F!=>$!=%!KO$![@))$FK!&>S!=<S$FK!Z=<@K@'&<!Z&#KRB=^>$S!>$^FZ&Z$#F!cZ&#K@F&>! >$^FZ&Z$#Fd6!&>S!F/#O,2(9!,/#W%<*!&F!=>$!=%!KO$!<&#)$FK!Z#@\&K$!Z$#F=>!=^>$#FO@Z! >$^FZ&Z$#F! c9>S$Z$>S$>K! "#$FFdcHd(! O,2(,39! @F! '=>F@S$#$S! =>$! =%! KO$! <&#)$FK! &>S! =<S$FK!&''$FF!=><@>$!>$^F!^$[F@K$!@>!0)RZK(!+!K=K&<!=%!W**L!&#K@'<$F!'=\$#@>)!KO$!HXWX! 0)RZK@&>!Z&#<@&G$>K&#R!'&GZ&@)>!^$#$!)&KO$#$S!&>S!&>&<RD$S!@>!KO$!!Z$#@=S!%#=G! /=\$G[$#! E! K=! 2$'$G[$#! *(! -O$! &>&<RF@F! @>'<NS$S! &<<! %$&KN#$F! =%! '=>K$>K! c>$^F! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! cHd! Q=#! G=#$! S$K&@<F! &[=NK! '&K$)=#@$F! =%! >$^FZ&Z$#F! @>! 0)RZK! F$$1! 0<B-&>K&^R6! C&N#&! cHXXUd(! 9>! -O$! ;O&S=^! =%! KO$! "R#&G@SF1! 4&F$! FKNSR! =%! %#$$! $VZ#$FF@=>! @>! KO$! 0)RZK@&>! G$S@&6! HXXJBHXXU(! ,$NK$#F! @>FK@KNK$!%=#!KO$!FKNSR!=%!_=N#>&<@FG6!8>@\$#F@KR!=%!.V%=#S(!
FK=#@$F!&>S!=Z@>@=>!G&K$#@&<Fd!@>!KO$!L!>$^FZ&Z$#F!&>S!KO$!=><@>$!^$[!F@K$!#$<&K$S!K=! KO$!'&GZ&@)>(!MO$>!KO$!&#K@'<$!@>'<NS$S![=KO!A@>SF!=%!'&>S@S&K$F6!@K!^&F!S@\@S$S!@>K=! K^=!=#!G=#$!&#K@'<$F!$&'O!=>$!S$&<@>)!^@KO!=>$!A@>S!=%!)$>S$#!=%!KO$!'&>S@S&K$F(!-O$! FKNSR!NF$S!&!%=#G!%=#!&#K@'<$F!&>&<RF@F!@>'<NS@>)!KO$!%=<<=^@>)!'=S$S!'&K$)=#@$F1!! !!!!! 4&K$)=#@$F! K=! #$Z#$F$>K! S$G=)#&ZO@'! S&K&! cZN[<@'&K@=>6! S&K$6! &>S! F$V! =%! KO$! '&>S@S&K$d(!.KO$#!'&K$)=#@$F!^$#$!&ZZ<@$S!K=!S$F'#@[$!KO$!\=<NG$!=%!'=\$#&)$! %=#! $&'O! )$>S$#! =%! KO$! '&>S@S&K$F! KO#=N)O! KO$! %=<<=^@>)! N>@KF1! WB! G$>K@=>@>)! KO$! '&>S@S&K$!@>!KO$!O$&S<@>$6!HB!G$>K@=>@>)!KO$!'&>S@S&K$!@>!KO$!<$&S!=%!KO$!K=Z@'6!LB!@%! KO$!&#K@'<$!@F!Z#@G&#@<R!&[=NK!KO$!'&>S@S&K$6!JB!>NG[$#F!=%!'&>S@S&K$Ff!ZO=K=F!KO&K! &''=GZ&>@$S!KO$!&#K@'<$F6!*B!>NG[$#F!=%!F$>K$>'$F!KO&K!O&\$![$$>!&<<='&K$S!K=!KO$! '&>S@S&K$!@>!KO$!&#K@'<$(! ! /$VK!'&K$)=#R!^&F!'#$&K$S!%=#!&!<@FK!=%!@FFN$F!&FF='@&K$S!^@KO!'&>S@S&K$F!&>S!S@\@S$S! @>K=! G&<$! @FFN$F! c@($(6! $'=>=GR6! N>$GZ<=RG$>K6! @>%#&FK#N'KN#$6! %@>&>'@&<! &>S! &SG@>@FK#&K@\$!'=##NZK@=>6!'&#$!&>S!O$&<KO!@>FN#&>'$6!@>K$#>&K@=>&<!@FFN$F6!Z=\$#KR6! $>\@#=>G$>K6!$SN'&K@=>6!F='@&<!^$<%&#$6!S$G='#&'R!&>S!ONG&>!#@)OKF6!#$<&K@=>FO@ZF! ^@KO!Z&#K@$F6!&)#@'N<KN#$6!;$'K&#@&>!N>@KR![$K^$$>!0)RZK@&>!3NF<@GF!&>S!4O#@FK@&>F6! &>S! '=>FK@KNK@=>! &G$>SG$>Kd! &>S! %$G&<$! @FFN$F! c@($(6! 'O@<S'&#$6! G&##@&)$! &>S! S@\=#'$6!^&)$F!=%!^=#A@>)!^=G$>6!$`N&<!#@)OKF!^@KO!G$>6!^@S=^F!&>S!=#ZO&>Ff!O$<Z6! &>S! M=G$>fF! Z=<@K@'&<! Z&#K@'@Z&K@=>d(! -O$F$! @FFN$F! ^$#$! $\=<\$S! %#=G! Z#$\@=NF! FKNS@$F!c+#'$>$&NV!HXXWh!+KA$F=>!&>S!]#$[F!HXXEh!?&>^&#K!$K!&<!HXXLh!?RFK=#G!$K!&<! HXXWh!4$<@F!HXXJh!4O@<SF!u!]#==A!HXX*h!4=^$<<B3$R$#F!&>S!C&>)[$@>!HXXPh!Q#@SA@>! &>S! ]$>>$R! HXXEh! ]&O>! &>S! :=<S$>[$#)! WUUWh! ;'O$>A! HXXJd! &F! ^$<<! &F! %#=G! &>&<RD@>)!KO$! '=>K$>K! =%! KO$! FKNSR! F&GZ<$(! 9! '=>F@S$#$S! Z=\$#KR6! '&#$! &>S! O$&<KO! @>FN#&>'$6!$SN'&K@=>!&F!G&F'N<@>$!@FFN$F6!@>!'=>K#&FK!^@KO!Z#$\@=NF!FKNS@$F!c?&>^&#K! $K! &<! HXXLh! ?RFK#=G! $K! &<! HXXWd! ^O@'O! '=>F@S$#$S! KO$F$! @FFN$F! &F! K#&S@K@=>&<<R! %$G@>@>$!@FFN$F![$'&NF$!@>!0)RZK!KO$R!&#$!F=G$!=%!FK#&K$)@'!@FFN$F!KO&K!N>S$#<@$!KO$! S$\$<=ZG$>K!Z#='$FF!&>S!&#$!#$<&K$S!K=!=KO$#!@FFN$F!FN'O!&F!@>%#&FK#N'KN#$6!>&K@=>&<! @>'=G$6!&>S!KO$!FK&>S&#S!=%!ůŝǀŝŶŐ/ŶĂĚĚŝƚŝŽŶƌĞƐĞĂƌĐŚĞƌƐĚĞĨŝŶĞǁŽŵĞŶƐŝƐƐƵĞƐĂƐ KO=F$!S$'#$&F@>)! S@F'#@G@>&K@=>! &)&@>FK! ^=G$>! =#! '=N>K$#@>)! @KF! $%%$'KF! &>S! @GZ#=\@>)! KO$! F='@&<6! $'=>=G@'! =#! Z=<@K@'&<! FK&KNF! =%! ^=G$>! c4=^$<<B3$R$#F! &>S! C&>)[$@>!HXXP1!ZZ(*BId(!! ! +>=KO$#!'&K$)=#R!^&F!'#$&K$S!K=!<@FK!'&>S@S&K$!Z$#F=>&<!K#&@KF!&>S!S@\@S$S!@>K=!K^=! '&K$)=#@$F! gG&F'N<@>$! &>S! %$G@>@>$! K#&@KFg(! 3&F'N<@>$! K#&@KF! [#&>'O$S! K^=! N>@KF1! gK=N)O>$FF!K#&@KFg!K=!@>'<NS$!&<<!'O&#&'K$#@FK@'F!$VZ#$FF@>)!KO$!'&>S@S&K$!&[@<@KR!K=1! '=GZ$K@K@=>6! &))#$FF@\$>$FF6! %@)OK@>)6! &G[@K@=>6! S$'@F@\$>$FF6! FK#$>)KO6! S@FZ<&R@>)! @>@K@&K@\$6! &>S! $<NF@\$>$FF6! &>S! g'=GZ$K$>'$! K#&@KFg! @>'<NS@>)! &<<! 'O&#&'K$#@FK@'F! $VZ#$FF@>)! KO$! '&>S@S&K$! @>! &! G&>>$#! =%1! <$&S$#FO@Z6! $VZ$#@$>'$6! @>'@F@\$>$FF6! A>=^<$S)$&[@<@KR6! @>K$<<$'KN&<! &'N@KR6! &>S! '&Z&[@<@KR(! -O$! F$'=>S! KRZ$! =%! %$G@>@>$! K#&@KF![#&>'O$S!K^=!N>@KF1!gO=>$FKR!K#&@KFg!^O@'O!@>'<NS$S!&<<!'O&#&'K$#@FK@'F!#$<&K$S! K=! KO$! '&>S@S&K$! @>! &! G&>>$#! =%1! @>K$)#@KR6! K#NFK^=#KO@>$FF6! '=>F'@$>K@=NF>$FF6! %<$V@[@<@KR6! &>S! S$S@'&K@=>6! ^O@<$! g'=GZ&FF@=>! K#&@KFg! @>'<NS$S! &<<! 'O&#&'K$#@FK@'F! #$%<$'K@>)!KO$!'&>S@S&K$!@>!&!G&>>$#!=%1!$G=K@=>&<@KR6!N>S$#FK&>S@>)6!'=>F@S$#&K@=>6! )$>K<$>$FF6! &>S! $>KONF@&FG(! -O$F$! Z$#F=>&<! K#&@KF! ^$#$! $\=<\$S! %#=G! Z#$\@=NF! FKNS@$F!c+KA$F=>!&>S!]#$[F!HXXEh!?<@)O!&>S!]=O<$F!HXXEh!4&#<F=>!HXXWh!4$<@F!HXXJh! Q#@SA@>! ]$>>$R! HXXEh! 7$<SG&>! HXXPh! ]&O>WUUJh! ]&O>! &>S! :=<S$>[$#)! WUUWh! Y&<$>DN$<&!4=##$&!HXXUd(!0&'O!K#&@K!@>!&<<!'&K$)=#@$F!c'=S$S!&F!Z=F@K@\$!x!kW6!>$NK#&<!x! X!=#!>$)&K@\$!x!BWd(!! !
! ! ! ! ! -O$!>$VK!'&K$)=#R!K&'A<$S!%#&G@>)!'=\$#&)$!=%!KO$!'&>S@S&K$!@>!KO$!O=#F$B#&'$(!-O$! FKNSR! NF$S! Z#$\@=NF! ^=#A! c2$\@KK! HXXHd! ^O@'O! '<&FF@%@$S! KO$! '&GZ&@)>! %#&G@>)! &''=#S@>)! K=! KO$! )$>S$#! =%! KO$! '&>S@S&K$! &F! KO$! %=<<=^@>)! '=S$F1! WB! S$K$#G@>@>)! g022<'! 4(,*'g! @%! Z&#&)#&ZOF! S$F'#@[$S! '&>S@S&K$F! [R! KO$@#! Z=F@K@=>F! =#! &'K@=>F! =>! ZN[<@'!Z=<@'R!@FFN$F(!HB!S$K$#G@>@>)!v.'(2%),/!4(,*'v![R!KO$!'&>S@S&K$fF!Z$#F=>&<!=#! Z#=%$FF@=>&<![&'A)#=N>S(!LB!S$K$#G@>@>)!v2+(,+'$01!4(,*'v![R!FK#&K$)@'!=#!O=#F$B#&'$! S$F'#@ZK@=>F! =%!KO$! '&>S@S&K$Ͷ$()(6!^O$KO$#!=#! >=K! KO$!'&>S@S&K$! ^&F! &O$&S6! KO$! K&'K@'F! KO$! '&>S@S&K$! NF$S! K=! )$K! \=K$F6! &>S! ^O$#$! KO$! '&>S@S&K$! '&GZ&@)>$S! cZ(J*Hd(! +>=KO$#! '&K$)=#R! ^&F! '#$&K$S! K=! &FF@)>! KO$! g'&>S@S&K$! [&'A)#=N>Sg! &>S! '=S$S!@>!KO#$$!\&#@&[<$F1!`N&<@%@'&K@=>F6!&''=GZ<@FOG$>KF!=#!%&@<N#$F!=%!KO$!'&>S@S&K$(!! ! 4&K$)=#@$F! &FF='@&K$S! K=! KO$! F<&>K! =%! KO$! '=\$#&)$! ^$#$! '=S$S! K=! $\&<N&K$! @%! KO$! '=\$#&)$!=%!KO$!'&>S@S&K$!^&F1!Z=F@K@\$6!>$)&K@\$6!>$NK#&<!=#!$`N&<!%='NF!cZ=F@K@\$! &>S!>$)&K@\$d(!+>=KO$#!'&K$)=#R!G&KK$#$S!KO$!'<&FF@%R@>)!=%!KO$!'&>S@S&K$!$<$'K&[@<@KR! &>S!^&F!'=S$S!K=!bNS)$!@%!KO$!&#K@'<$!'=>F@S$#$S!KO$!'&>S@S&K$!=\$#&<<!'=GZ$K@K@\$6! <@A$<R! ^@>>$#6! >=>B! '=GZ$K@K@\$! =#! >=K! =[\@=NF(! -O$F$! '&K$)=#@$F! =%! F<&>K! &>S! $<$'K&[@<@KR!=%!KO$!'&>S@S&K$!^$#$!$\=<\$S!%#=G!Z#$\@=NF!FKNS@$F!c+KA$F=>!&>S!]#$[F! HXXEh! ?&>^&#K! $K! &<! HXXLh! ?RFK#=G! $K! &<! HXXWh! Y&<$>DN$<&! 4=##$&! HXXUd(! -O$! <&FK! '&K$)=#R!#$<&K$S!K=!#$Z=#K$#fF!)$>S$#!K=!S$K$#G@>$!@%!KO$!&#K@'<$!^#@KK$>![R!&!%$G&<$6! G&<$6![=KO!G&<$!&>S!%$G&<$6!=#!'=N<S!>=K!S$K$#G@>$!KO$!)$>S$#(!!!!!!!!!!!! !!! U71471.8!+14!478,B887/1!!!!!!!! ?&F$S! =>! Z#$\@=NF! #$F$&#'O6! 9! $VZ$'K$S! @>! KO$! %@#FK! ORZ=KO$F@F! S@%%$#$>'$F! @>! KO$! &G=N>K!=%!'=\$#&)$!K=!%@>S!&![@&F!%&\=#!=%!G&<$!'&>S@S&K$F(!FT!K$FK!Z#$F$>KF!F=G$! FNZZ=#K!%=#!KO@F!ORZ=KO$F@F!@>!KO$!K=K&<!\=<NG$!=%!Z#$FF!'=\$#&)$!%=#!G&<$!'&>S@S&K$F! KO&>!KO=F$!%=#!%$G&<$F!FT!c/xWLWP!&#K@'<$F!\F(!/xHLI!&#K@'<$F6!Z!è!(XXWd!x!IJU(PIH(! ! <+?6)QA!!iB+1373=!/*!!N/B(1+6782!;/0)(+.)! ! <**+$%%!'/$!80,*.*0'$!!!!!!!!!!!!!!!!!!!!!!!6$=!#>!'/$!80,*.*0'$!!!!!!!!!!!!!!!!8/.(6?@0+$!!!!!!!!A=0-'!6.B:! 4.'/.,!'/$!C#&.-!!!!!!!!!!!!!!!!!!!!!D02$!,EFGFH!!!!!!!!I$)02$!,EJGK!!!!!!!!!!!!!!!!L F JY!!!!!!!!!!!!!!LF(%.*$*M!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! 7$&S<@>$!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!IJW!cJI(Itd!!!!!!!!!!!!!!UE!cP(Ltd!!!!!!!!!!!!WE(XEE!!!!!!!!!!!!!!!(XXX!!!!!!!!! C$&S!=%!KO$!-=Z@'!!!!!!!!!!!!!!!!!!!!!!WXWX!cP*(Xtd!!!!!!!!!!!WLL!cE(Ptd!!!!!!!!!!!!!JL(UEI!!!!!!!!!!!!!!!(XXX!!!!!!! "#@G&#@<R!+[=NK!4&>S@S&K$!!!!!!WWJU!cIJ(Xtd!!!!!!!!!!WP*!cWX(Ptd!!!!!!!!!!!!!JE(HPJ!!!!!!!!!!!!!!(XXX! ! C'$(''!%4!4(''-%*!X-4Y!w!Q! ! -&[<$! W! KO#=N)O! 4O@BF`N&#$! K$FK! &<F=! Z#$F$>KF! F@)>@%@'&>K! S@%%$#$>'$F! @>! &SS#$FF@>)! [=KO!KRZ$F!=%!'&>S@S&K$F!^@KO@>!KO$!K=Z@'F!K=!%@>S!&>=KO$#!FNZZ=#K!K=!%@#FK!ORZ=KO$F@F6! KO&K! G&<$! '&>S@S&K$F! ^$#$! G$>K@=>$S! @>! O$&S<@>$F6! <$&SF! =%! KO$! K=Z@'F! &>S! ^$#$! &<<='&K$S!Z#@G&#@<R!@>!KO$!K=Z@'F!G=#$!KO&>!%$G&<$!'&>S@S&K$F(! ! -=!K$FK!KO$!=KO$#!\&#@&[<$F!&FF='@&K$S!^@KO!&SS#$FF@>)!KO$!'&>S@S&K$!^@KO@>!KO$!K=Z@'! -&[<$! H! KO#=N)O! C!K$FK! @>S@'&K$F! >=! S@%%$#$>'$F! @>! G$&>! =%! ZO=K=F! %=#! G&<$! &>S! %$G&<$!'&>S@S&K$F![NK!KO$#$!&#$!F@)>@%@'&>K!S@%%$#$>'$F!@>!G$&>!=%!F$>K$>'$F!%=#!KO$! '&>S@S&K$6!KO&K!G&<$!'&>S@S&K$F!#$'$@\$S!G=#$!&G=N>K!=%!F$>K$>'$F!KO&>!%$G&<$F(!! ! ! ! !
<+?6)!TA!iB+1373=!/*!':/3/8!+14!E)13)1,)8! ! <**+$%%!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!D$0,!!!!!!!!!!!!!!!!!!!6'*:!"$N.0'.#,!!!!!!!!!!!!'('$%'!>#+!A?@02.'O!#>!D$0,%! '/$!80,*.*0'$!!!!!!!!!!!!!D02$!!!!!!!I$)02$!!!!!!!D02$!!!!!!!I$)02$!!!!!!!!!!!!!3!!!!!!!!!!!!">!!!!!!!!!!!!!E7.C! 4.'/.,!'/$!C#&.-!!!!!!!!PEFGFH!!!!PEJGK!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!^T-3+76)4_!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! "O=K=F!%=#! KO$!4&>S@S&K$!!!!!!!!!!!!!!(*E!!!!!!!!!!!!!(*X!!!!!!!!!!!!!(IL!!!!!!!!!!(PE!!!!!!!!!!!!!!W(JI!!!!!!!!!W**W!!!!!!!!!(WJW! ;$>K$>'$F!%=#!! KO$!4&>S@S&K$!!!!!!!!!!!!!WL(LX!!!!!!!!E(*E!!!!!!!!!!!WJ(UJ!!!!!!!WL(XJ!!!!!!!!!!!J(*P!!!!!!!!!!!!W**W!!!!!!!!!(XXX! ! 3R! %@>S@>)F! &#$! '=>F@FK$>K! ^@KO! F=G$! FKNS@$F! #$\$&<@>)! KO&K! %$G&<$! '&>S@S&K$F! #N>>@>)!%=#!$@KO$#!8(;(!;$>&K$!=#!)N[$#>&K=#@&<!F$&KF!#$'$@\$!<$FF!'=\$#&)$!KO&>!S=! KO$@#!G&<$!'=N>K$#Z&#KF!c]&O>!WUUJh!]&O>!u!:=<S$>[$#)!WUUWd6![NK!&#$!'=>K#&FK!K=! =KO$#! FKNS@$F! FO=^@>)! KO&K! %$G&<$! '&>S@S&K$F! #N>>@>)! %=#! $@KO$#! 8(;(! )=\$#>=#! =#! F$>&K$! #$'$@\$! G=#$! '=\$#&)$! c?&>^&#K! $K! &<! HXXLh! ?RFK#=G! $K! &<! HXXWd! =#! $`N&<! '=\$#&)$!^@KO!G&<$!'&>S@S&K$F!c+KA$F=>!&>S!]#$[F!HXXEh!2$\@KK!WUUU6!HXXHh!FG@KO! WUUId(!! ! <+?6)!XA!"88B)8!S)137/18!71!;/0)(+.)! ! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!6$=!#>!'/$!80,*.*0'$!!!!!!!!!!!8/.(6?@0+$!!!!!!A=0-'!6.B:! Q%%@$%!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!D02$!PEFGFH!!!!I$)02$!PEJGK!!!!!!!!!!!L F JY!!!!!!!!!!!!!!!LF(%.*$*M!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! S+6)!!!!0'=>=GR!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!EP!c*(*td!!!!!!!!!!!!I!c(*td!!!!!!!!!!!!!!!J(*I*!!!!!!!!!!!!!!!(XWI!!!!!!!!!!!!! "88B)8!!8>$GZ<=RG$>K!!!!!!!!!!!!!!!!!!!!!W*P!cWX(Xtd!!!!!!!!!WJ!c(Utd!!!!!!!!!!!!!I(HEP!!!!!!!!!!!!!!!(XXL!!! !!!!!!!!!!!!9>%#&FK#N'KN#$!!!!!!!!!!!!!!!!!!!!!!!HLX!cWJ(Etd!!!!!!!!WU!cW(Htd!!!!!!!!!!!WL(L*W!!!!!!!!!!!!!!(XXX! !!!!!!!!!!!!4=##NZK@=>!!!!!!!!!!!!!!!!!!!!!!!!!!!WXH!cP(Ptd!!!!!!!!!!!!P!c(Jtd!!!!!!!!!!!!!!E(J*J!!!!!!!!!!!!!!(XXW! !!!!!!!!!!!!4&#$!u!O$&<KO!@>FN#&>'$!!!!!!!W*U!cWX(Htd!!!!!!!!W*!cW(Xtd!!!!!!!!!!!!!!P(PEW!!!!!!!!!!!!!!(XX*! !!!!!!!!!!!!9>K$#>&K@=>&<!@FFN$F!!!!!!!!!!!!!!!WU!!cW(Htd!!!!!!!!!!!W!c(Wtd!!!!!!!!!!!!!!!W(P*X!!!!!!!!!!!!!!(WPP! !!!!!!!!!!!!"=\$#KR!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!PH!cJ(Xtd!!!!!!!!!!!!J!c(Ltd!!!!!!!!!!!!!!!J(*WH!!!!!!!!!!!!!(XWE! !!!!!!!!!!!!0>\@#=>G$>K!!!!!!!!!!!!!!!!!!!!!!!!!JI!cL(Xtd!!!!!!!!!!!!P!c(Jtd!!!!!!!!!!!!!!!!(P*U!!!!!!!!!!!!!!!(HIE! !!!!!!!!!!!!0SN'&K@=>!!!!!!!!!!!!!!!!!!!!!!!!!!!!!WWJ!cI(Ltd!!!!!!!!!!WL!c(Etd!!!!!!!!!!!!!!H(IXX!!!!!!!!!!!!!(XPX!! !!!!!!!!!!!!;='@&<!^$<%&#$!!!!!!!!!!!!!!!!!!!!!!!*L!cL(Jtd!!!!!!!!!!!!*!c(Ltd!!!!!!!!!!!!!!!H(X*J!!!!!!!!!!!!!!!(WXW! !!!!!!!!!!!!2$G='#&'R!uONG&>!#@)OKF!!!!!HP!cW(Itd!!!!!!!!!!!P!c(Jtd!!!!!!!!!!!!!!!!!(LXE!!!!!!!!!!!!!!!(LPW! !!!!!!!!!!!!,$<&K@=>FO@ZF!^@KO!Z&#K@$F!!!!!!HWP!cWL(Utd!!!!!!!HP!cW(Itd!!!!!!!!!!!!!J(*HL!!!!!!!!!!!!!!!(XWE! !!!!!!!!!!!!+)#@'N<KN#$!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!EL!c*(Ltd!!!!!!!!!!!!P!c(Jtd!!!!!!!!!!!!!!!*(HUU!!!!!!!!!!!!!!(XWW! !!!!!!!!!!!!;$'K&#@&>!N>@KR!!!!!!!!!!!!!!!!!!!!!!!L*!cH(Ltd!!!!!!!!!!WX!c(Ptd!!!!!!!!!!!!!!W(ILI!!!!!!!!!!!!!!(WL*!! !!!!!!!!!!!!4=>FK@KNK@=>!+G$>SG$>K!!!!!!!!WP!cW(Xtd!!!!!!!!!!!!E!c(*td!!!!!!!!!!!!!!!P(W*I!!!!!!!!!!!!!!(XHW! U)2+6)!4O@<S'&#$!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!*!c(Ltd!!!!!!!!!!L!c(Htd!!!!!!!!!!!!!!!L(XI*!!!!!!!!!!!!!(WXU! "88B)8!!!3&##@&)$!&>S!S@\=#'$!!!!!!!!!!!!!!!!!W!c(Wtd!!!!!!!!!!!!*!c(Ltd!!!!!!!!!!!!!!!HW(*EL!!!!!!!!!!!!!(XXX! !!!!!!!!!!!!!M&)$F!=%!^=#A@>)!^=G$>!!!!!!!!H!c(Wtd!!!!!!!!!!!!L!c(Htd!!!!!!!!!!!!!!!!I(IPJ!!!!!!!!!!!!!!(XHE!! !!!!!!!!!!!!!0`N&<!#@)OKF!^@KO!G$>!!!!!!!!!!!!!!L!c(Htd!!!!!!!!!!!!*!c(Ltd!!!!!!!!!!!!!!!WL(EIP!!!!!!!!!!!!!(XXL! !!!!!!!!!!!!!M@S=^F!&>S!=#ZO&>Ff!O$<Z!!!!!!!!J!c(Ltd!!!!!!!!!!!WJ!c(Utd!!!!!!!!!!!!!!**(XLU!!!!!!!!!!!!!!(XXX! !!!!!!!!!!!!M=G$>fF!Z=<@K@'&<!Z&#K@'@Z&K@=>!!J!c(Ltd!!!!!!!!!!!!P!c(Jt!d!!!!!!!!!!!!!!W*(*IE!!!!!!!!!!!!!(XXW!!!!!!!!!!!!!!! ! C'$(''!%4!4(''-%*!X-4YwQ! ! -&[<$! L! Z#=\@S$F! F=G$! FNZZ=#K! %=#! KO$! F$'=>S! ORZ=KO$F@F! KO&K! G&<$! '&>S@S&K$F! #$'$@\$S! G=#$! &KK$>K@=>! =>! G&<$! @FFN$F! KO&>! %$G&<$! '&>S@S&K$F6! ^O$#$&F! %$G&<$! '&>S@S&K$F! #$'$@\$S! G=#$! &KK$>K@=>! =>! %$G&<$! @FFN$F! KO&>! G&<$! '&>S@S&K$F(! M@KO! #$)&#S!K=!G&<$!@FFN$F!KO$#$!^$#$!F=G$![@&F$F!=%!>@>$!@FFN$F!KO&K!^$#$!'=\$#$S!%=#! G&<$! '&>S@S&K$F! G=#$! KO&>! %$G&<$F1! $'=>=GR6! N>$GZ<=RG$>K6! @>%#&FK#N'KN#$6! '=##NZK@=>6!'&#$!&>S!O$&<KO!@>FN#&>'$6!Z=\$#KR6!#$<&K@=>FO@ZF!^@KO!Z&#K@$F6!&)#@'N<KN#$! &>S!'=>FK@KNK@=>!&G$>SG$>K(!MO@<$!KO$#$!^$#$!>=!F@)>@%@'&>K!S@%%$#$>'$F![$K^$$>! G&<$! &>S! %$G&<$!'&>S@S&K$F! ^@KO! #$)&#S! K=! KO$! =KO$#! P! G&<$!@FFN$F1! @>K$#>&K@=>&<! @FFN$F6! $>\@#=>G$>K6! $SN'&K@=>6! F='@&<! ^$<%&#$6! S$G='#&'R! &>S! ONG&>! #@)OKF! &>S!
! ! ! ! ! F$'K&#@&>! N>@KR(! -&[<$! L! @>S@'&K$F! [@&F$F! =%! <@>A@>)! &<<! %$G&<$F! @FFN$F! ʹ! $V'$ZK! %=#! 'O@<S'&#$!ʹ!K=!%$G&<$!'&>S@S&K$F!G=#$!KO&>!G&<$F!cG&##@&)$!&>S!S@\=#'$6!^&)$F!&>S! ^=#A@>)! ^=G$>6! $`N&<! #@)OKF! ^@KO! G$>6! ^@S=^F! &>S! =#ZO&>fF! O$<Z! &>S! ^=G$>fF! Z=<@K@'&<!Z&#K@'@Z&K@=>d(! ! 3R!%@>S@>)F!&#$!S@%%$#$>K!%#=G!=KO$#!FKNS@$F!^O@'O!'=>'<NS$S!KO&K!^=G$>!S@S!>=K! #$'$@\$!G=#$!&KK$>K@=>!=>!%$G&<$!@FFN$F!>=#!S@S!KO$R!#$'$@\$!<$FF!=>!G&<$!@FFN$F!@>! KO$@#!G&R=#&<!#&'$F!c$()(6!+KA$F=>!&>S!]#$[F!HXXEd6![NK!KO$R!&#$!'=>F@FK$>K!^@KO!F=G$! FKNS@$F! ^O@'O! #$\$&<$S! KO&K! G$>! ^$#$! G=#$! <@A$<R! K=! [$! &FF='@&K$S! ^@KO! FN'O! G&F'N<@>$!@FFN$F!c$()(6!?&>^&#K!$K!&<!HXXLh!?RFK#=G!$K!&<!HXXWh!Q#@SA@>!&>S!]$>>$R! HXXEd(!+<KO=N)O!FN'O!FKNS@$F!'=>F@S$#$S!F=G$!@FFN$F!<@A$!Z=\$#KR6!'&#$!&>S!O$&<KO! @>FN#&>'$6!$SN'&K@=>! &F! %$G@>@>$!@FFN$F6! 9! O&S!&>&<RD$S! KO$G! &F!G&F'N<@>$! @FFN$F(! -O$#$%=#$!KO$R!%=N>S!KO&K!G$>!^$#$!G=#$!<@A$<R!K=![$!&FF='@&K$S!^@KO!FN'O!%$G@>@>$! @FFN$F(! -O$! %#$`N$>'@$F! =%! %$G&<$! @FFN$F! '=\$#$S! @>! 0)RZK@&>! Z#$FF! ^$#$! %$^! '=GZ&#$S!K=!G&<$!@FFN$FcLd6!R$K!%@>S@>)F!FN))$FK!KO&K!^=G$>fF!@FFN$F!^O$>!&ZZ$&#$S! @>!KO$!K=Z@'F!^$#$!FK#=>)<R!&%%@<@&K$S!K=!%$G&<$!'&>S@S&K$F(!.\$#&<<6!&<KO=N)O!F=G$!=%! G&<$! @FFN$F! ^$#$! '=>F@FK$>K<R! &FF='@&K$S! ^@KO! G$>! &>S! ^=G$>! '&>S@S&K$F! @>! 0)RZK@&>! b=N#>&<@FG! '=\$#&)$6! G$>! '&>S@S&K$F! #$'$@\$S! G=#$! FK$#$=KRZ@'&<! &FF='@&K@=>!^@KO!G&F'N<@>$!@FFN$F(!!! ! -&[<$!J!KO#=N)O!8!K$FK!FO=^F!&!FK#=>)!FNZZ=#K!K=!KO$!KO@#S!ORZ=KO$F@F6!KO&K!KO$!&<<! $@)OK!Z$#F=>&<!K#&@KF!@>'<NS$S!@>!gK=N)O>$FFg!B!KO$!%@#FK!'<&FF@%@'&K@=>!=%!G&<$!K#&@KFB! &#$! F@)>@%@'&>K<R! <@>A$S! ^@KO! G&<$! G=#$! KO&>! %$G&<$! '&>S@S&K$F! c'=GZ$K@K@\$>$FF6! &))#$FF@\$>$FF6! %@)OK@>)6! &G[@K@=>6! S$'@F@\$>$FF6! FK#$>)KO6! S@FZ<&R@>)! @>@K@&K@\$6! &>S! $<NF@\$>$FFd(! MO@<$! @>! g'=GZ$K$>'$g! BKO$! F$'=>S! '<&FF@%@'&K@=>! =%! G&<$! Z$#F=>&<! K#&@KFB! KO$#$! ^$#$! >=! F@)>@%@'&>K! S@%%$#$>'$F! [$K^$$>! G&<$! &>S! %$G&<$! '&>S@S&K$F! ^@KO! #$)&#S! K=! %@\$! =%! KO$! F@V! Z$#F=>&<! K#&@KF! c<$&S$#FO@Z6! $VZ$#@$>'$6! @>'@F@\$>$FF6! A>=^<$S)$&[@<@KR!&>S!@>K$<<$'KN&<!&'N@KRd6!^O@<$!KO$!F@VKO!K#&@K!g'&Z&[@<@KRg!=><R!@>!KO@F! '<&FF@%@'&K@=>!<@>A$S!^@KO!G&<$!G=#$!KO&>!%$G&<$!'&>S@S&K$F(! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! cLd-O$! %#$`N$>'@$F! =%! KO=F$! @FFN$F! ^$#$1! 'O@<S'&#$! xE6! G&##@&)$! &>S! S@\=#'$! xP6! ^&)$F! =%! ^=#A@>)! ^=G$>!x*6!$`N&<!#@)OKF!^@KO!G$>!xE6!^@S=^F!&>S!=#ZO&>Ff!O$<Z!xWE!&>S!^=G$>fF!Z=<@K@'&<!Z&#K@'@Z&K@=>! xWX(!!
<+?6)!]A!!<(+738!S)137/18!71!;/0)(+.)! ! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!D$0,!!!!!!!!!!!!!!!!!!!!6'*:!"$N.0'.#,!!!!!!!!!!!'('$%'!>#+!A?@02.'O!#>!D$0,%! C+0.'%!!!!!!!!!!!!!!!!!!!!!!!!!!!!D02$!!!!!!!!!!I$)02$!!!!!!!D02$!!!!!!!I$)02$!!!!!!!!!!!!!3!!!!!!!!!!!!!!!!!!!!!!E7.C! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!PEFGFH!!!!!!!PEJGK!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!^T-3+76)4_!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! D02$!9$+%#,02!C+0.'%! F(C#@B/,$%%! 4=GZ$K@K@=>!!!!!!!!!!!!!!!!!!!(WU!!!!!!!!!!!!!(WL!!!!!!!!!!!!!!!(JI!!!!!!!!!!!(LL!!!!!!!!!!!!!!!H(WWX!!!!!!!!!!!!!!!!!(XL*! +))#$FF@\$>$FF!!!!!!!!!!!!!(XU!!!!!!!!!!!!!(XL!!!!!!!!!!!!!!!(HU!!!!!!!!!!!(WI!!!!!!!!!!!!!!L(H*L!!!!!!!!!!!!!!!!(XXW! Q@)OK@>)!!!!!!!!!!!!!!!!!!!!!!!(XE!!!!!!!!!!!!!!(X*!!!!!!!!!!!!!!!(HE!!!!!!!!!!!(HW!!!!!!!!!!!!!W(UPI!!!!!!!!!!!!!!!!(XJU! +G[@K@=>!!!!!!!!!!!!!!!!!!!!!(WJ!!!!!!!!!!!!!!(XI!!!!!!!!!!!!!!(L*!!!!!!!!!!!(HP!!!!!!!!!!!!!!H(EHE!!!!!!!!!!!!!!!(XX*! 2$'@F@\$>$FF!!!!!!!!!!!!!!!!(X*!!!!!!!!!!!!!!(XW!!!!!!!!!!!!!!(HW!!!!!!!!!!!(XU!!!!!!!!!!!!!!!H(IPH!!!!!!!!!!!!!!!!(XXP! ;K#$>)KO!!!!!!!!!!!!!!!!!!!!!!!(WX!!!!!!!!!!!!!!(XH!!!!!!!!!!!!!!(JX!!!!!!!!!!!(WP!!!!!!!!!!!!!!!L(HEJ!!!!!!!!!!!!!!!(XXW! 2@FZ<&R@>)!@>@K@&K@\$!!!!!(WI!!!!!!!!!!!!!!(XE!!!!!!!!!!!!!!(JX!!!!!!!!!!!(HU!!!!!!!!!!!!!!!L(JLL!!!!!!!!!!!!!!!(XXW! 0<NF@\$>$FF!!!!!!!!!!!!!!!!!!(XL!!!!!!!!!!!!!!(XX!!!!!!!!!!!!!!(WI!!!!!!!!!!!(XX!!!!!!!!!!!!!!H(PEU!!!!!!!!!!!!!!!(XXI! J(8#)&$'$,-$! C$&S$#FO@Z!!!!!!!!!!!!!!!!!!!(XH!!!!!!!!!!!!!!(XW!!!!!!!!!!!!!!!(WU!!!!!!!!!!!(XU!!!!!!!!!!!!!!W(HW*!!!!!!!!!!!!!!!!(HH*! 0VZ$#@$>'$!!!!!!!!!!!!!!!!!!!(XU!!!!!!!!!!!!!(XE!!!!!!!!!!!!!!(LW!!!!!!!!!!!(HI!!!!!!!!!!!!!!(E*U!!!!!!!!!!!!!!!!!!(LUX! 9>'@F@\$>$FF!!!!!!!!!!!!!!!!!(X*!!!!!!!!!!!!!!(XL!!!!!!!!!!!!!!(H*!!!!!!!!!!!(WI!!!!!!!!!!!!!!W(HPU!!!!!!!!!!!!!!!!(HX*! ]>=^<$S)$&[@<@KR!!!!!!!!!(XH!!!!!!!!!!!!!(XW!!!!!!!!!!!!!!!!!(W*!!!!!!!!!!!(XU!!!!!!!!!!!!!!X(EHH!!!!!!!!!!!!!!!(JWW! 9>K$<<$'KN&<!&'N@KR!!!!!!!!!(XH!!!!!!!!!!!!!(XW!!!!!!!!!!!!!!!(W*!!!!!!!!!!!(XU!!!!!!!!!!!!!!!X(UJJ!!!!!!!!!!!!!!!!!(LJ*! 4&Z&[@<@KR!!!!!!!!!!!!!!!!!!!!!!(XI!!!!!!!!!!!!!(XX!!!!!!!!!!!!!!!!(JH!!!!!!!!!!!(HJ!!!!!!!!!!!!!!!!H(HW*!!!!!!!!!!!!!!!!(XHI! I$)02$!9$+%#,02!C+0.'%! Q-`/1)83=!!! 9>K$)#@KR!!!!!!!!!!!!!!!!!!!!!!!!!(XX!!!!!!!!!!!!(XX!!!!!!!!!!!!!!!!!(XE!!!!!!!!!!!(HH!!!!!!!!!!!!!!!(EEJ!!!!!!!!!!!!!!!!!!(LII! -#NFK^=#KO@>$FF!!!!!!!!!!!!!(XX!!!!!!!!!!!!(XW!!!!!!!!!!!!!!!!!(XL!!!!!!!!!!(HJ!!!!!!!!!!!!!!!BW(WW!!!!!!!!!!!!!!!!!(HPE! 4=>F'@$>K@=NF>$FF!!!!!!!!!(XX!!!!!!!!!!!!(WX!!!!!!!!!!!!!!!!!(XL!!!!!!!!!!(LX!!!!!!!!!!!!!!!BWW(EW!!!!!!!!!!!!!!!(XXX! 2$S@'&K@=>!!!!!!!!!!!!!!!!!!!!!(XX!!!!!!!!!!!!(XE!!!!!!!!!!!!!!!!!(XP!!!!!!!!!!(HE!!!!!!!!!!!!!!!!BU(LH!!!!!!!!!!!!!!!!(XXX!! T-;/25+887/1! 0G=K@=>&<@KR!!!!!!!!!!!!!!!!!!(XX!!!!!!!!!!!(XH!!!!!!!!!!!!!!!!!(X*!!!!!!!!!!(WL!!!!!!!!!!!!!!!!BL(XU!!!!!!!!!!!!!!!!!(XXH! 8>S$#FK&>S@>)!!!!!!!!!!!!!!!(XX!!!!!!!!!!!!(XW!!!!!!!!!!!!!!!!(XL!!!!!!!!!!(WW!!!!!!!!!!!!!!!!!BL(LJ!!!!!!!!!!!!!!!!!(XXW! 4=>F@S$#&K@=>!!!!!!!!!!!!!!!!(XX!!!!!!!!!!!!(XL!!!!!!!!!!!!!!!!(X*!!!!!!!!!!(WP!!!!!!!!!!!!!!!!!BJ(LH!!!!!!!!!!!!!!!!!(XXX!!!!!!!!!!!!! :$>K<$>$FF!!!!!!!!!!!!!!!!!!!!!(XX!!!!!!!!!!!!(XL!!!!!!!!!!!!!!!!(XL!!!!!!!!!!(WE!!!!!!!!!!!!!!!!!BP(HL!!!!!!!!!!!!!!!!!(XXX!! 0>KONF@&FG!!!!!!!!!!!!!!!!!!!!(XX!!!!!!!!!!!(XP!!!!!!!!!!!!!!!!!(X*!!!!!!!!!!(HJ!!!!!!!!!!!!!!!!!BE(H*!!!!!!!!!!!!!!!!!(XXX! C'$(''!%4!4(''-%*!X-4Yw!QxxQ! ! -O$! %@#FK! '<&FF@%@'&K@=>! =%! %$G&<$! Z$#F=>&<! K#&@KF! g! O=>$FKRg! &F! FO=^>! @>! -&[<$! J! @>S@'&K$F!F@)>@%@'&>K!<@>A@>)!^@KO!%$G&<$!G=#$!KO&>!G&<$!'&>S@S&K$F!^@KO!#$%$#$>'$!K=! [=KO! '=>F'@$>K@=NF>$FF! &>S! S$S@'&K@=>! K#&@KF6! [NK! KO$#$! &#$! >=! S@%%$#$>'$F! ^@KO! #$)&#S! K=! [=KO! @>K$)#@KR! &>S! K#NFK^=#KO@>$FF! K#&@KFcJd(! -O$! F$'=>S! '<&FF@%@'&K@=>! =%! %$G&<$!K#&@KF!g'=GZ&FF@=>g!)@\$F!&!FK#=>)!FNZZ=#K!K=!KO$!KO@#S!ORZ=KO$F@F6!KO&K!@KF!%@\$! K#&@KF!&#$!F@)>@%@'&>K<R!<@>A$S!^@KO!%$G&<$!G=#$!KO&>!G&<$!'&>S@S&K$F!c$G=K@=>&<@KR6! N>S$#FK&>S@>)6!'=>F@S$#&K@=>6!)$>K<$>$FF!&>S!$>KONF@&FGd!&F!FO=^>!@>!-&[<$!J(! ! 3R! %@>S@>)F! &#$! '=>F@FK$>K! ^@KO! #$'$>K!FKNSR! cQ#@SA@>! &>S!]$>>$R! HXXEd! &>&<RD@>)! HXXP!8(;(!F$>&K$!'&GZ&@)>!KO&K!'=>'<NS$S!^=G$>!F$>&K=#F!^$#$!\@$^$S!&F!G=#$! O=>$FK!&>S!G=#$!'&#@>)!KO&>!G&<$!F$>&K=#F(!-O$F$!%@>S@>)F!'=G$!@>!'=>K#&FK!K=!=KO$#! Z#$\@=NF!FKNS@$F!^O@'O!#$\$&<$S!KO&K!KO$!Z=#K#&R&<!=%!'&>S@S&K$!@G&)$!K#&@KF!S@S!>=K! S@%%$#!F@)>@%@'&>K<R![$K^$$>!KO$!Z#@G&#R!'=\$#&)$!&>S!)$>$#&<!$<$'K@=>!'=\$#&)$!%=#! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! cJd! Q<$V@[@<@KR! ^&F! $V'<NS$S! %#=G! g7=>$FKRg! '<&FF@%@'&K@=>! [$'&NF$! @KF! %#$`N$>'R! F'=#$S! K^@'$! @>! KO$! &>&<RF@F(! !
! ! ! ! ! $@KO$#!%$G&<$!=#!G&<$!'&>S@S&K$F!$V'$ZK!=>!KO$!@G&)$!FK#&K$)R!=%!NF@>)!&>!g&[=\$! KO$! K#$>'O$Fg! Z=FKN#$! c?&>^&#K! $K! &<! HXXL1! PIHd! =#! G&<$! &>S! %$G&<$! '&>S@S&K$F! #$'$@\$S!G=#$!%$G@>@>$!@G&)$!K#&@KF!FN'O!&F!O=>$FKR!&>S!FN'O!$<$G$>KF!=%!%$G@>@>$! FKR<$!&F!NF$!=%!Z$#F=>&<!K=>$!&>S!&SS#$FF@>)!\=K$#F!&F!Z$$#F!c?RFK#=G!$K!&<!HXXWd(! +<F=! GR! %@>S@>)F! &#$! S@%%$#$>K! %#=G! Z#$\@=NF! ^=#AF! @>\$FK@)&K@>)! @>! K$<$\@F$S! &S\$#K@F@>)!K=!%@>S!KO&K!G$>!&#$!G=#$!<@A$<R!KO&>!^=G$>!K=!FK#$FF!O=>$FKR!@>!KO$@#! Z=<@K@'&<!&S\$#K@F$G$>KF!c?&>^&#K!HXXH!'@K$S!@>!?&>^&#K!$K!&<!HXXLd(!! ! -&[<$!*!KO#=N)O!4O@BF`N&#$!K$FK!@<<NG@>&K$F!&!FK#=>)!FNZZ=#K!K=!KO$!%=N#KO!ORZ=KO$F@F6! KO&K! G&<$! '&>S@S&K$F! #$'$@\$S! FK#&K$)@'! &>S! @FFN$! '=\$#&)$! G=#$! KO&>! %$G&<$! '&>S@S&K$F!^O=!#$'$@\$S!G=#$!Z$#F=>&<!'=\$#&)$!KO&>!G&<$!'&>S@S&K$F(! ! -O$F$! %@>S@>)! &#$! '=>F@FK$>K! ^@KO! FKNS@$F! &K! KO$! <$)@F<&K@\$! &>S! )=\$#>=#! <$\$<! c?&>^&#K! $K! &<! HXXLh! ?RFK#=G! $K! &<! HXXWh! 2$\@KK! HXXHd! &>S! ^@KO! FKNS@$F! &K! KO$! Z#$F@S$>K@&<! <$\$<! c+S&R! &>S! 2$\@KK! HXXWh! 7$<SG&>! $K! &<! HXX*d! KO&K! FO=^$S! &! '=>F@FK$>K! S@%%$#$>'$! [$K^$$>! G&<$! &>S! %$G&<$! '&>S@S&K$F! @>! KO@F! S@G$>F@=>(! 9>! '=>K#&FK6!!@>!KO$!'=\$#&)$!=%!<='&<!#&'$F!+KA$F=>!&>S!]#$[F!cHXXEd!%=N>S!KO$!Z#$F$>'$! =%!!&!^=G&>!=>!KO$![&<<=K!K$>SF!K=!$>O&>'$!KO$!F&<@$>'$!=%!%$G&<$!=#!'=GZ&FF@=>! @FFN$F6!&<K$#!'=\$#&)$!=%!'&>S@S&K$Ff!Z$#F=>&<@KR!K#&@KF6!&>S!@>'#$&F$!=\$#&<<!'=\$#&)$! =%! >=>Z=<@'R! %&G@<R! &>S! &ZZ$&#&>'$! '=\$#&)$(! +<F=! GR! %@>S@>)F! '=G$! '=>K#&#R! K=! #$F$&#'O!&K!Z=<@K@'&<!&S\$#K@F@>)!KO&K!FO=^$S!^=G$>!'&>S@S&K$F!&#$!>=!G=#$!<@A$<R! KO&>! G$>! '&>S@S&K$F! K=! G$>K@=>! KO$@#! 'O@<S#$>! =#! G&K$#@&<! FK&KNF! @>! KO$@#! '=GG$#'@&<F!c?RFK#=G!&>S!3@<<$#!WUUId!&>S!^=G$>!&#$!<$FF!<@A$<R!KO&>!G$>!K=!FO=^! KO$@#!%&G@<@$F!=>!KO$@#!M$[!F@K$F!c?&>^&#K!&>S!]&@S!HXXHh!?RFK#=G!HXXP[h!/@\$>!&>S! l@<[$#!HXXWh!;'O$>A!HXXJd(!! ! 9>!KO$!FKNSR![R!2$\@KK!cHXXHd6!O$!S@G@>@FO$S!KO$!&#)NG$>K!KO&K!%$G&<$!'&>S@S&K$F! G&R!#$'$@\$!G=#$!Z$#F=>&<!'=\$#&)$!KO&>!S=!G&<$!'&>S@S&K$F![$'&NF$!KO$R!&#$!>$^! K=!Z=<@K@'F!&>S!KONF!>$$S!K=![$!@>K#=SN'$S!K=!KO$!$<$'K=#&K$!&F![=KO!&>!@>S@\@SN&<!&>S! &!'&>S@S&K$!cZ(!J*Jd!9!%=N>S!KO@F!F@KN&K@=>!@F!&ZZ<@$S!K=!KO$!>$^!0)RZK@&>!$VZ$#@G$>K! KO&K!O&S!&FF@)>$S!i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cPL(Xtd!!!!!!!!!!!W*X!cU(Itd!!!!!!!!!!!!WH(HEW!!!!!!!!!!!!!!(XXX! "$#F=>&<!Q#&G$!!!!!!!!!!!!!!!!!!!!!!!!!W!c(Wtd!!!!!!!!!!!!!!!!!!!!HW!cW(Jtd!!!!!!!!!!!WWX(UIE!!!!!!!!!!!!!(XXX! 9FFN$!Q#&G$!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!JW*!cHP(Itd!!!!!!!!!!!!!PW!cL(Utd!!!!!!!!!!!!!!L(WI*!!!!!!!!!!!!!!(XJL! ;+1474+3)!F+,G.(/B14! wN&<@%@'&K@=>F!!!!!!!!!!!!!!!!!!!!!!!!!!LP*!cHL(*td!!!!!!!!!!!!!PP!cJ(Htd!!!!!!!!!!!!!(XXW!!!!!!!!!!!!!!!!!(*WJ! +''=GZ<@FOG$>KF!!!!!!!!!!!!!!!!!!!!L*E!cHL(Wtd!!!!!!!!!!!!!HP!cW(Itd!!!!!!!!!!!!HE(JLJ!!!!!!!!!!!!!!!(XXX! Q&@<N#$F!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!WEU!cWH(Htd!!!!!!!!!!!!!HJ!cW(*td!!!!!!!!!!!!!L(XJJ!!!!!!!!!!!!!!!(XJI!!!!!! C'$(''!%4!4(''-%*!X-4Yw!Q! -&[<$! *! &<F=! @<<NG@>&K$F! &! FK#=>)! FNZZ=#K! K=! KO$! %=N#KO! ORZ=KO$F@F! #$)&#S@>)! KO$! $V@FK$>'$!=%!S@%%$#$>'$F!@>! [&'A)#=N>S!'=\$#$S!@>!0)RZK@&>!Z#$FF! &''=#S@>)!K=!KO$! )$>S$#!=%!KO$!'&>S@S&K$6!KO&K!G&<$!'&>S@S&K$F!#$'$@\$S!&''=GZ<@FOG$>KF!&>S!%&@<N#$F!
7$<SG&>6!4(6!4&##=<<6!;(!_(!u!.<F=>6!;(!cHXX*d(!;O$![#=N)OK!=><R!&!FA@#K1!Z#@>K!G$S@&! ĐŽǀĞƌĂŐĞŽĨůŝnjĂďĞƚŚŽůĞƐďŝĚĨŽƌƚŚĞƌĞƉƵďůŝĐĂŶƉƌĞƐŝĚĞŶƚŝĂůŶŽŵŝŶĂƚŝŽŶ@%/0+01,/! 7%**<)01,+0%)L!HH!cLd1!LW*ʹL*(! _&<&D&@6!Q(! cHXXPd(! M=G$>! '&>S@S&K$F! &>S!KO$! G$S@&1! WUUHBHXXX!0<$'K@=>F(! @%/0+012! ,)-!@%/019L!LJcLd1!PXPBPLL(! ]&O>6! ](! Q(! cWUULd(! :$>S$#! S@%%$#$>'$F! @>! '&GZ&@)>! G$FF&)$F1! -O$! Z=<@K@'&<! &S\$#K@F$G$>KF! =%! G$>! &>S! ^=G$>! '&>S@S&K$F! %=#! 8(;(! ;$>&K$(! @%/0+01,/! B'2',(15! j<,(+'(/9L!JP1!JEWB*XH(! ]&O>6!](! Q(! cWUUJd(!-O$! S@FK=#K$S! G@##=#1! "#$FF! '=\$#&)$! =%! ^=G$>! '&>S@S&K$F! %=#! FK&K$^@S$!=%%@'$(!M%<(),/!%4!@%/0+01L!*P1W*JBIL(! ]&O>6!](!Q(!cWUUPd(!85'! .%/0+01,/!1%)2'i<')1'2!%4! D'0)$!,! 3%*')?![%3! 2+'('%+9.'2! 0)4/<')1'! +5'! 1%)-<1+! ,)-! 1%)2'i<')1'2! %4! 1,*.,0$)2:! /$^! 5=#A1! 4=<NG[@&! 8>@\$#F@KR!"#$FF(!! ]&O>6! ](! Q(! u! :=<S$>[$#)6! 0(! /(! cWUUWd(! M=G$>! '&>S@S&K$F! @>! KO$! >$^F1! +>! $V&G@>&K@=>!=%!)$>S$#!S@%%$#$>'$F!@>!8(;(!F$>&K$!'&GZ&@)>!'=\$#&)$(!@<D/01!N.0)0%)! j<,(+'(/9L!**1WEXBUU(! /@\$>6! 2(! u! l@<[$#6! _(! cHXXWd(! 2=! ^=G$>! &>S! G$>! @>! '=>)#$FF! 'N<K@\&K$! S@%%$#$>K! @G&)$Fr! 0\@S$>'$!%#=G!'=>)#$FF@=>&<!^$[! F@K$F(! @%/0+01,/! 7%**<)01,+0%)L! WE1!LU*B JX*(!! "$&A$6!_(!;(!u!3@<<$#6!3(!](!cHXXEd(!"#$F@S$>K@&<!Z#@G&#@$F!&>S!KO$!>$^F1!4=\$#&)$!=%! KO$! HXXE! >=G@>&K@=>! '&GZ&@)>(! @,.'(! .('2')+'-! ,+! +5'! F))<,/! O''+0)$! %4! +5'! F*'(01,)!@%/0+01,/!G10')1'!F22%10,+0%)L!?=FK=>6!3+6!+N)NFK!HEBLW(! "@Z$#B+@A$>6! ](! cWUUUd(! :$>S$#! %&'K=#F! @>! >$^F! G$S@&! '=\$#&)$! =%! 3&S$<$@>$! ](! +<[#@)OK1!+!'=GZ&#&K@\$!'=>K$>K!&>&<RF@F(!@,.'(!.('2')+'-!,+!+5'!F))<,/!O''+0)$!%4! +5'!6)+'(),+0%),/!7%**<)01,+0%)!F22%10,+0%)6!;&>!Q#&>'@F'=6!4+6!3&R(! ;'O$>A6!_(!cHXXJd(!:$>S$#!S@%%$#$>'$F!!=>!'&GZ&@)>!^$[!F@K$F6!HXXH(!@,.'(!.('2')+'-! ,+!+5'!TUUg!F))<,/!O''+0)$!%4!+5'!O0-3'2+'()!@%/0+01,/!G10')1'!F22%10,+0%)L!4O@'&)=6! 9<<@>=@F6!+Z#@<!W*BWE(! ^ŵŝƚŚ < ;ϭϵϵϳͿ tŚĞŶ ĂůůƐ ĨĂŝƌ ^ŝŐŶƐ ŽĨ ƉĂƌŝƚLJ ŝŶ ŵĞĚŝĂ ĐŽǀĞƌĂŐĞ ŽĨ ĨĞŵĂůĞ '&>S@S&K$F(!@%/0+01,/!7%**<)01,+0%)L!WJ1IWBEH(! Y&<$>DN$<&6!;(! u! 4=##$&6! -(! cHXXUd(! "#$FF! '=\$#&)$! &>S! ! ZN[<@'! =Z@>@=>! =>! ^=G$>! '&>S@S&K$F1!-O$!'&F$!=%!ŚŝůĞƐDŝĐŚĞůůĞĂĐŚĞůĞƚ85'!6)+'(),+0%),/!7%**<)01,+0%)! ],P'++'L!IWcLd1!HXLʹHHL(! ! !