•eu[po8 .9l0Z .60 .SI

PO 9[/ 990ty -Z0|0 .Jq Ipnuod fotlegt2At|IJd t3ungJd nuleAS n `t2JOAo8n 8oAo I urour2|g ut3ITolj!oedsulois!s !urefur nfloHung n !Atz|s I tzJ[|t2}su! `!gnJods! nooTgnJt3N t2p ernzeAt2qo es gtapnuod

Z ut;ID̂

•t3JOAo8n SoAo o!p !uAI2|st3s !tl?9 t2fIot}}ueurnHOP

t2uezo|!Id t3It2}so I urorlot2Hljloeds uloHgTtlt|e} t2s t2f!ot3iuoumHop t2HSJepue} `9u!po8 .9 [oZ .60 .S I

PO 9[/ 990ly -Z0l0 foJq t39t}Pnuod t2Pnuod .euIPo8 .9[oZ.o[.C[ Po oZ/99oty -Zo[o foJq epntlodef!tlfloAodft}u nJoqzl o [on|po t2uroJd `(ure}s!s !urgfur :n}sHe} uref[t}P n) t2ZeJur Ill/S|Nn/MSOtz|t}tl8!S n[oJ|uoH 12z („Hot2dyot3q,,) t3ure|s!s 8ousoueJd - 9qoJ t}HAI}qt2u ef t}JOAo8n 8oAo }9ulpeJd

I ut;ID̂

vt[oAODn LHMa"d•eu!Po8 .9[oz .6o .ST po 9[/ 99oty -zo[o :roJq .o.o.p siNENnt|LSN|-s|8| t2gtzpnuod t2pnuod

:eu!Po8 .9[oZ.o[ .C[ po oz/99oty -zo|o :epnuod ef!uf|oAodfeu nJoqz! o eHn|po umpep I foJ8:9U!PO8 .9[OZ .40 .OZ PO 4/990ty -ZoTo : foJq t2zoJur Ill/s|Nn/NSD tzTtzu8IS n|oJluoH tzz

(„Hot2dyot2q„) t}ure|S!S 8ousoueJd t2z eHAI2qt3u ouAt2f xpdn|sod !ueJOA}o t2z t3 f!ot2}ueurnHop t}HSJepue|

:vtloAODn AONsO

•(gt2Pnuod :n|SH®t u®f|t!P n) `Jo}H®J!P `g!Aodod oHut2Jfl t!dntst!z tz8oH `Pt2J8o®H•P.I; Hut!qoJnH POX `SZ040t7S40000€9TOSZS€SH :I;un9tzJ foJfl `Z98TZ700Ttls :flld `040IT

z4z Jt;unq u!§oL ng®!|n `npt;J8o®H n un®ts!P®rs t;s .o.o.P SLNHINnt|LSN|-S|H| t;9t2Pnuod

I

(®C[!?"CN :n}SH®l un®f[cp n) `Jo|H®J!p !u§JAz!`?!|nH®s ut;Joz t!dntstzz I;8oH `t!®!Jo8pod .P.ng oHul2q 9u|t}fpJ®uoH ®HSJO80uJD POX `49-SZ[Z

-OIS :t!un9t!J foJfl `OI£9Z€ZO :fl|d `}t;Jds || D I;Inn `9S t;uot8u!§t!A BzPJoza .|nH `!®!Jo8Podn ur®}s!p@fs tis }sou|t![®fp nHSut;}sod I @f!3t2H!ununoH ®HsuoJ}H®|® Cz cf!®u®8v :t;®o!?nJCN

:npeurz! er uegnf[xpz JOAo8n ft3Ao

IDAvflvN foNAvf o HOAODn.go!J(,iJ;3f),-

Z£-a JUull8ul§O|•pO8ITO€

• a tryt +tj 9 U I '

\ v , C`',u))ap`friurj`~5=.+T;.===€~{Tj~Jq!O.!G

®®.O®Pso§±NEENFiREisNl-Slffi!,

1t(,9Oh~Zoi,0 . -

t3'3NIVI]ra"€:i.,'``'i:``ri'i,-11=t`:.:\`}i:1\,-`h&.'

aysNouj;,:.iTL: .``-',i: ```'`` :I [i.\!=!'`L`t=.:`.r `

eHSJeAPJtzq ulopt3J ur!uAt}Jds!9u t2ueAOHolznoJd npt2J n |souAeJds[eu ef oHt|oHnt}ur3P oZ oU|t}urTSxpur ef `t20o!gnneN t2JOAostJd nAoUso t}U `eHAI3Jdod xp}e§JAI;z t3z HOJ .

:0} I nooE9nueN eHSJPod I tHAt}Jdod xp|e§JAI2z t}z 9AOHOJ 9fn}§od I [HAI}Jdod eAOH§oJ} 9As !sous -:DMHD 9ftot2Ho| tzs [}9 r!upo t2uleis!s 8oulefur

otp tuAeJds[9u oupot[doeu ef tzpt2H [|I t2ur2p ted po 9znp eft}J} t}souAI3Jds[eu 9fuefue[H}o t}P nft}gn|Sn `t3ure}sts 8ouJgfur tz|eftp 8oHeu eHAI2Jdod t2Hie§JAez op `eHAI2quu }eurpoJd ef t2foH t3ulo|s[s 8ourerur9fues!uo!oHunj !}!gn8ouro t2urtAo|sn ur[tl|uoTi2AtAHe pod eg !foH eAo|efp eHsuerunz [pef|qzoqo -

:Otz|TgnJtzN

tpeJpo !foH nurt2J8oJd I nulune| n [pem ,,eHAeapu 9uAI2f t3}9urpoJd ef!aeHljlo9ds TIT eH!}StJe}xpreH9HgTuq9|„ t2f|AB|8od Z| (6 unoHgt2| nun2STUTjep nHnqo t}u |soupo 9s |foH olp !ueJOAo8n -

€ „ eHAI2quu euAI3 f t2|eurpeJd e fIO12H[j!Oeds !T[ eH[1S[J9}xpueH

eHgttlqe|„ t2f|AtzT8od Zt (6 uloH912} nut2S[u[jop nHnqo t}u [soupo es tfoH o[p tgnft3ur!znz[ `t2IOAo8n8oAo t3fueA[s!d}od t3ut3p po t3ut}p og po nHOJ n tsJAzt t}ure}s[s SouJofur nHnJodsl nuoJOAo8n -

€uro f[ot3}ueurnHop uroHSJgpug|

I uropnuod urou99AI3t||Jd t2s npt!lHs n `!|sougn8our I t2}9t||t2AH 8ouozt3Jl tHelsTS Turofun I9"OdsT -

:t3p 9fnzoAI}qo es 9tapnuod

S ut3[?

v?vGnNod vAVHd I HZHAvflo•t2uodsueJ} uropr[[|Jd e fuems!so

I t2zoAeld [AOH§olt `zoAeJd !HsunJp tzz eupt2HTJd ezt;[t3que !AOHSoJ} [tlognf|Hn ns nuef!® n•nHOJ urou}ueJt38

n efut3AI2zJpo ? t}Ht2tt2}sopeu I t3AoreAH eruefutz"io ? ot2H `eHnqo efueAI2zJpo `|lsotl|tzuoToxpnj

I T|sou|e|dunoH nftot}J|suourep `t3oo!gnmeN t}unf[oH"|su[ I n8o|t}u od `qq t2Jo8 e3[Squqft3G:t2SeJpe `(DNHD) re}u30 [urefur ouTOJ|uoH !uAe[D - t2ooIgnneN [flot}Ho[ tzu ptzJ n efut2}Snd I9fueJ[}soi `nftot2[t3}su[ `ot3|tg"t2N dGc| ngnJods[ tzA9fturnzt3Ipod t3ure}sts 8oule run t2uefto t3ueloAo8n

J7 UCP

•t3tmgt?I t}ure Iud

t2ut2p po t2ur}p (}esop) o[ po nHOJ n `Pt2J8098 .P.e xpt}qomE POX `SZO£Olys£0000€910SZS€.Stl

roJq t2gt2pnuod ungt3J ol[z tzu `t3ungBI t2urer!Id I t3uleis!s 8ourefur nurgr!Id ulouA!it3i[It3AH-ou^!}t2|T}ueAH o t2Htus[dez t3fueAts[diod uoxpu !}tAeqo efut3pe|d eg tzp efnzeAt2qo es otzTlgnJt2N

•t}uleists 8oure fur

nurefud ulouA[peit[t2AH-ouATit2}!}ueAH o Htustdez 9S[d}od ot2|[grun2N o}§ uoHt2u t2f|Ae}sop es ungt2t|•I§JA efuegt2[d es urefoH

od t2JOAo8n urefoJq t2s I tzot| 8ouegst2|Ao 9ueJts po ues!d}od ungt3J t|[AI2|soP ut3znp ef ot2|[§JAz|

•ulo-Aad ul!tt;ungt;Jn t;s t!Jn® o[`887.6s [souzt eutpo8•9TOZ .60 .ST PO 9[/ 990ty -ZOTO .Jq Ipnuod fouopeAt|lJd tzuoJd `t}ur9ists 8our9fur t2ueflo tzudnm

f ut!P

VfNVDvrld IA0rlsn I VNHflD

:t}Oo!grm2N HTUAt?}SpeJd [uegst?IAo ![! t20o[gnm2N e®!| ouegst?[Ao`ureftJd !uA!pe}I}ueAH - ouA[pe}!|t2AH t2z erTs!urox tre|g !}!At2}sod ezour 9fuei!d .t2gtapnuod t30!|

8oueg§t2|Ao nseJpe !l! !pnuod n nuefTAI2}sop nseJpt2 t}u `9}sod e¥suoJ}Helo ure}nd !|[ i?ule}sls xt3j ure}nd`oues!d ngtapnuod I}IAI2|Sop es eg efue}!d .I?ule}sls 8ourefur t2|eflp SoHeu t2tm3uTqoso I t3ur!|sougn8ou`t2fueg§!Jqu `t2fues!uo!oxpru t2tl!9tzu urefuefustzrod t2z eqeJ|od nftzgn|s n ngt}pntlod efuetld [AI2}sod -

:t}oo[gmt2N

HTUAI3|speJd !ueg§t3[Ao [|! t20o!9nm2N eo[| oueg§t2[Ao `urefTJd !uA[pe|!}ueAH - ou^T}t2}!|tzAH t2Z ef!S!uroHun2|9 ?|[u[9t3S ezour JOAo8!Jd .t2gt?Pnuod t2o!l 8ouegst2|Ao nseJpe [[T [pnuod n nueflAt2}sop nsgJpt2 t2u`9|§od eHSuor|H9|e ure|nd [|! t3ure}sTs xt2j ure}nd `ouestd ngtapnuod T|!AI3}sop es eg JOAo8[Jd .t3Jo^o8n

8oAo foJq !}!gt?uzt2u t2Jo^o8!Jd nJ!^Ho n 9g nurog IJd `t3po!Jod 8ouiueue8 t3rtreft3J} nHo} n t2uro}s!s8ourefur t}[ef!p }souAI3Jds!9u [[[ xptt3|sopeu `npt}I n ue|qoJd p|t2As t2z ngt3pnuod JOAosud eseupod -

•noo!9"t2N Ungt3J t}f|AI2}SoP 9t2Pnuod `t2ure|Sls 8otlJefun Soueg"ods! npt3J n

isouAt2Jdst t2u}elduroH efn}t2|suoH es ur! fox `t2ure}sts 8ourefur nuref!Jd urouAIpet!}un2AH-ouApett[t2AHo t2H!us[dez t2fut2A[sldiod uoHt3N .efToueJt38 n}t2|deu zn t2JOAo8n pIHst3J !}[zo|peJd ezour`t3ulois!s 8ourefur 8ouegnJodsl npt2J n I|souAI3Jds!eu !gon eqoJ uref!Jd !uA[pe}!|un2AH-OUA?1t21[[t}AH

tzz t2r!s!uroH oH[|oHn .tzgBpnuod HtuAI3}spoJd I}t3AOAisns[Id 9zour t3ue}s!s 8oulerur 8ouegnlodsl

I}souAI2Ids! !|ol}uoH .t3ureis!s 8ourerur nurefTJd urou^!}t2}!}un2AH-ouA[ii2i!|t3AH o HIusldez!}!utgt}s `unopnuod urouegt2At|tld t}s nptz|Hs n `t}ule|s!s SouJefur .ri eqoJ etlegnJodsT !|souAt3Jdslt3 rueAlpJA}n uoHt2u eg t3 foH `t2ulo}s!s 8ouJefur uref!Jd !uAI3}!}ut}AH-ouAl}t2}![t2AH tzz nfTs[unoH t2J!unoj -

:t}p 9fnzoAtzqo es Ot3|[9"t}N

9 utzIDA

VDOI?mlvN vAvtld I HZHAv8O

•t}Jo^o8n t2p!Hst3J nft2gn|s n t}ure}s!s 8ourgfun 8ouegnJods! t2futzgt2JA eAOH§oJt eAS TSous -

:!^o|sn nun|e|S o} t2z es oH!|oHn `tzJOAo8n 8oAo i uloul2[g nur2sluljep nuzt}H nuroAo8n I}t2|d -:t29!| u[goJ} eu! roAs eultm}He|e}uT

t2At>Jd t|fueg[}St2z npeJAod t2z ef ueJOAoSpo I t2peueped t3fuegs!JOH ept2unpeu eAOH§oJI Isous -

€t2urets!s 8ourefur nuref[JdulouAI}t2}I}un3AH-ouA!pe}[Tt2AH o t}H!us!dez t2.fueA[s[d}od t2ur2p po ege} t2r?outzue8 I;p el}eris 9s nurgg

!Jd `!oesefun z[ po npo!Jed n I?ure}sls 8ourefur 8ou}e|duroH t3fupes!uo!oqunj }souAt}Jds! efn|ueJt}8 -:t3ul9|SIS

Sourefur nuref!Jd urouA?pe}[}un3AH-ouAIit3}!|t2AH o t2H[usldez t2fueAtsTd}od t3trep po ege} HOJ t3Pt3J}t3tus 9s nunog !Jd `Ioesefur z[ ulnul!ulur po npoIJed n `(,,t3Ao8t3q,, .Azi) t2JeAHos npt}J n t}}sndoJd

tn [|sou|TAtzJdeu efut2fueTxpo zn `ef!zJeA efupt3z I?u t}JeAHos nfuepJSopt2u nupe|dseq !pefTqzeqo -:gtapnuod !peJpo 8efoH

t3uedsHe 9un2J|s po uez"d `uez[09Jd I ut3gnJ}s !}!q t3Ioun JOAo8po .t3fue}Id t3fuef|AI2}SoP tzuep

po t2ur2p TJ[iog 9f t3oo!9"t3N eut2Jis po efue}td ouef|^t3}sod t2u t2Io^o8po eruef|AIzisop t2z HOJ .€pt2J n efueisnd I nr!ot2|t2}su[ nAo8efu !gnfngnr[Hn `t2oofgnJt2N nr!ot}HOT t2u t2ule}s!s 8ourefur

tz[efTp 8ouef|AI2Jdod t2fuepeJ^ ulouep t3JpetHs es eHAI3Jdod t3H}e§JAI!z ueG .e}ueuoduroHeHsleAijos uropt2I ur!uAt}Jds!9u t}ueAOHOJznoJd npt3J n isouAIZJds[9u 9r oHtTOHn t2uep z[ou|t3ur!sxpur ef `t3®otg"t}N t3JOAo8[Jd nAouso t3u `eHAt2Jdod xp|esJA.Bz t3z Hot| .e}uouoduroH

•t2|sod t2 ruefTAI2qo 8ousefAt2seu t3urlAeft3gnTs urTsnJp

n I uroloAo8n ul!Ao t|[uesTuljep t2zeAI}qo t|!foAs t2AI2zJptJd eu 9tapnuod es t3P nft29n[S n .:t'Jo^o8n

8oAo i uloue|g outzl!z!oeld `euzt2H euroAosn n}t2|deu tzz t2Ao|sn t}rut2At}funds! nrt}9n|s n .€tzgt2pnuod epnuod z[ t2|e|[|t}AH 8ouopnuod ousoupo `8ouezt}J} po t2dn|Spo `efngnJods[

es efoH I;u u[gt2u [|! tzJOAo8n 8oAo teurpoJd er t2foH eqoJ }9i!|t2AH t3p !Aoun2}sn t}ureis!s8oulefur nurefl]d ulouA!peiT}ueAH-ouA!pe}[|t2AH o uroHtustdez ot2|Ig"t3N t2Pt2H nft29nls n .

:uroJOAo8n uopTApeJd utgtzu t2u I t}ulTAOHOJ n ezeAI2qo 9foAs ot2AI3SIAzt

epnq eu gt2pnuod one lgop ezour BJOAo8n 8oAo t2p!Hst?I op tzp 9ust2|8t3s ns eun2I}s 9uroAo8n

6 ut'P

vtloAODn OIHsvtl•n flourzre8 ngt2pnuod !peJA `t!JOAosn

8oAo zT t2ultAo[sn pod I u!9t}u I?u `t3zeAeqo t3fuefundsE uoxpu oupgJsodeu t}p efnzeAI2qo es 0t}|!gnneN

•[oourod eH9!ut|9} I t2ftreJ[stAJes t}fuesJAzt nHOJ n t2Htz}t3|sopgu t2 fut3fue[prtoeu nft2gn[S

n nluoulour uroHtzAS n [peJtA[}He 9zour aeTtg"t2N nfoH I tzHOJ 8ou|ueJt?8 8oueJOAo8n t2He|s! tzur2P

po urtznp t2ur}p (un2pgs) i efueurft2u lisouzt}A uloHOJ t2s `t3JOAo8n t}soupeftJA 9udnHn po (o}sodled) %s po souz| t2u nHOJ urou}ueJt}8 n t3Ht3pe}sopeu efut}fue[pr}o t2z eHut2q nf[ouelt28 A[zod !AJd t3unA[}t2Tdeu I nuAo|snzeq `nA!zodoeu tzpeJd 9qor equods! ut2p ou noo[gnreN t2p efnzeAI3qo es gt}Pnuod

•t2JOAo8n 8oAo p!HstzJ t2z t28oTzt2J po !Heu [dn}st2u

t2peH n}ueurour uloHt3As n tpeJ!A[ixp ezour ot2|[gnJt3N nroH I t}JOAosn 8oAo I AI2}s 9 t2utz|g z! tzHOJ8oueJOAo8n po t2ur2p o6 efut3urft}u !}souzt2A uroHOJ t}s `t}JOAo8n t|soupefllA eudnHn po (otsod }9d)

%s souzl t2u t2IOAo8n 9fuesI^zt o]qop t2z `e3|ueq nr!ouelt28 A[zod [AId t2u n^[peldeu I nuAo|snzeq`nAlzodogu t2po]d t2IOAo8n 8oAo t}rueAIstdiod nHinuoJ} n nootg"t2N t2p efnzeAt3qo es gt2Pnuod

8 ut!P

HflDNvtlvD

•t}uleis[s 8ouJefur 9uerto eudnHn po %s 9S[Aft}u t3 `t2oolgnreN eueJ}s po

t2 fue|!d t2uefTAI2}sod t2u t2JOAo8po I t2ueisTs 8.ouJefur 9HAIZJdod `tzureis[s 8ouJefur ng"ods[ t2z t2AOHOJt|tues!doJd t2fuegt3JOHeJd utzp [Ht2^s t}z o%z !u[stA n nuztzH nuroAo8n lpe|d t3p efnzeAeqo 9s gtapnuod

4 ut;P

vNzv?I vNtloAODn•t2urots|s 8ouJefur SoueJOAo8n nHnJods! tzz Jo}soJd !peftqzeqo -

:t2po[Ied 8ou}ut3Ii28 t2He}s! t2ut2p uoHt2u [}[q

ezour 9u eHnqo efut3AI;zJpo t}z u!ulJe] ,.,, 9HAeapu ouAI2f tz}eurpeJd 9f!Ot3H[jIO9ds ||! 9HI}StJelxpJt?H9H9tut|9|„ t}f|AeT8od Z! (6 uloHgt21 eues!uljep `expqo t}ftneAI}zJpo utunet I urt}J8oJd !poJpo -

(tJ1) € od qTfoH Po `12HtzJ9furtJd t||ul9fAolsT (uepes) 4 n ef u9fuTgtzs I eJOAo8n t2utzJ|s t2Htudn|st2zt|[HSuoxpz t#U9gst3|Ao u[UopeAI2U efToP Po ut2std}od I uegnfTHt2Z ouef|t3A ou^eJd ef Jo^o8n ft}Ao

SI ut3P

vtloAODn IDHHfMRld

•t}gtzpnuod |eJ9| tzu nft?pt2d t2JOAo8n 8oAo 9JofAo |AOH§oJi

I ut'P

vtloAODn vtlHfAO

•}otJo8pod n phs iupoJATJd 99tzAtz§9fJ t2JOAo8n 8oAo !z9A n nueist3u |foH 9AOJods 9As•ouurnzt2Iods eseftJ t2p pe§ngod

eg 9unzI}s euroAo8n t2IOAo8n 8oAo !ze^ n eAI2fod es t2p n8our troH eurnzi2Jodseu eu|tmiueAE€1 ut!P

LSONZHrlavN VHsans•t2sldoJd t|luA[}!zod uI8"p I t}ul|soupo

ur|uoTae8!Tqo o t3uoHt3z 9qpeJpo 9s nfnfu9furTld uroloAo8n inIAo ouop|Ap9Id 9flu o}s 9As t}zZI ut!I?

vsldoHd vNHfMnld•t}Htueqpef[s 8ouAIZJd 8ou9fu t2u tgoJd `euefuroJd 9AHt2t op epop

9foH PoH 9ueJ|S 9uroAo8n 9Z9AI2qo I t}AI!Jd t}AS 99 t2ptz| `tzur2J|s qturoAo8n t3un3u9furoJd ur!usn|t2tsurt8nlp TIT nA!zt}u n t}uefuroJd qtAHt2H o[[q op epop t2JOAo8n 8oAo [|souzt3A nHo} n oH!|om

11 ut;P

VZHAVHO I vAvt[d HI.NVMlznHHd

( tyl/4S I I I/Zty .Jq `„DO }StT Tu9qznTS") t!ureHAI3qt3u u|uABf o t2UoHt3z z I

|Ae}ssTt!ur;|g9qp9JpooTSJHOJdef!foHulegt2pnuodt2suesTd}odefoH||oHnAI3}slu9fJOAo8nftzAo01 ut!P

vr|nznvr|)I V)IsflDdnHOHIJjNV•9tapnuod

Tsous eqoJ efuegeJA t}u esoupo es tfoH 8oTt3}So I 9f[otpods `t}fueAoxpd `t2quodsueJ| eAOH§oJl eAS

•!HAt2quut|TUAIzft2xpdn}sod

n|oJiuoH t3z ut2zelpeu eAI2Jdo euAi2zJp ue8Jo tzz ueper I t29epnuod I t3oo!gnmeN t3z t2HJefurTJd