Europe, Blurred: Migration, Margins and the Museum

18
!"#$%&’ )*"##&+, -./#01.$2’ -0#/.23 02+ 14& -"3&"5 !" $%&’()* +,%-.’ !"#$%&’$ /,&% 0*1 2,&% 23’%32’ 0.. ,4%& 53&,6% 0&% 1)’7,4%&)*8 2)8&0(),* 0’ 0 (,6)7 9,& %:-);)(),*’< =-%’% %:-);)(),*’ ,* 2)8&0(),* >3%’(),* *,(),*’ ,9 ,;?%7()4)(" ,& ,9 53&,6%0* 3*)4%&’0.)’2< =-)’ 0&()7.% .,,@’ 0( 0 ;&,01 &0*8% ,9 &%7%*( %:-);)(),*’ 0*1 23’%32’ (-0( 011&%’’ (-% (,6)7 ,9 2)8&0(),*< =0@)*8 )*(, 7,*’)1%&0(),* (-%)& 40&")*8 ’7,6% 0*1 )*’()(3(),*0. 7,*(%:(A (-)’ (%:( 0&83%’ (-0( %:-);)(),*’ ,* 2)8&0(),* (%.. ’%4%&0. ’(,&)%’ 0( ,*7%B C)&’(."A (-%" 6&%’%*( ’(,&)%’ ,9 2)8&0(),* )* 0 7%&(0)* 7)("A &%8),* ,& *0(),*A 0*1 D)(-)* 0 60&()73.0& 6%&),1 ,9 ()2%< C,& (-)’ 63&6,’%A 73&0(,&’ 20@% %:(%*’)4% 3’% ,9 206’ E D)(- (-% 6%73.)0& %99%7( (-0( (-%’% 206’ ;.3& D-0( ’%%2’ (, ;% (-% 7.%0&F73( %*()(" ,9 &%9%&%*7% ,9 (-% 23’%32 )(’%.9 ,& (-% %:-);)(),*< =, 0 ’(&,*8%& 1%8&%% (-0* ,(-%& 6-%*,2%*0 (-0( (3&* )*(, 23’%0. (,6)7’A G2)8&0(),*G 3*4%).’ (-% 7,*’(&37(%1 7-0&07(%& ,9 8%,8&06-)7 ,& 6,.)()70. %*()()%’ ’37- 0’ (-% *0(),* ,& (-% 53&,6%0* H*),*< I( ’-,D’ -,DA -)11%* ;%.,D (-% *,&2 ,9 ’%((.%1*%’’A 2,;).)()%’ 0&% 0*1 -04% 0.D0"’ ;%%* ,2*)6&%’%*( )* 0*1 93*102%*(0. 9,& 53&,6%0* ’,7)%()%’< J%7,*1." 0*1 &%.0(%1 (, (-)’A %:-);)(),*’ ,* 2)8&0(),* 011 0 *%D 7-06(%& (, (-% 2%(0F*0&&0()4% ,9 23’%32’B )26.)7)(."A (-%" 7-0..%*8% (-% &%.%40*7% ,9 (-% *0(),* F ’6%7)9)70.."A ,9 ;,(- (-% -)’(,&)70. )1%0 (-0( )*)()0(%1 (-% )*4%*(),* ,9 (-% 63;.)7 23’%32 K79< %<8< !%**%(( LMMMN !"# (-% 6,.)()70. 93*102%*( ,9 53&,6%0* )*(%8&0(),* (,10"< =-%" 6&,4,@% >3%’(),*’ ,9 ’%((.%1*%’’A 7)()O%*’-)6A ,& 7,*(%26,&0&" 8.,;0.)’0(),* 6-%*,2%*0 (-0( 0&% %>30.." )26.)7)(." 63( ,* 1)’6.0"< =-% 7,*’%>3%*( %99%7( )’ 0 ;.3&&)*8 ,9 (-% 7,*7%6( ,9 (-% *0(),*F’(0(%< C)*0.."A 2)8&0(),* 0’ 0 23’%0. (,6)7 7,*4%"’ 0 4)%D ,* -,D (-% )*’()(3(),* ,9 (-% P23’%32Q &%.0(%’ (, ’37- 0 93OO" (-)*8 0’ 2,;).)("A (-3’ 6&,4,@)*8 >3%’(),*’ 9,& 93&(-%& &%’%0&7-< ()*+,%-#B /)8&0(),*A 23’%32A %:-);)(),*A 53&,6%A 206A ,;?%7(A &%9.%:)4)("A 2%(0F*0&&0()4% +,%-.’A $%&’()*B R53&,6% !.3&&%1B /)8&0(),*A /0&8)*’ 0*1 (-% /3’%32SA $%&’%() +",-%"#A T,.32% UA VWLLB XXFXX< +3;.)’-%1 ;" Y)*@Z6)*8 H*)4%&’)(" 5.%7(&,*)7 +&%’’B -((6B[[ DDD<73.(3&%3*;,3*1<%6<.)3<’%

Transcript of Europe, Blurred: Migration, Margins and the Museum

!"#$%&'()*"##&+,(-./#01.$2'(-0#/.23(02+(14&(-"3&"5

!"#$%&'()*#+,%-.'

!"#$%&'$

/,&%#0*1#2,&%#23'%32'#0..#,4%&#53&,6%#0&%#1)'7,4%&)*8#2)8&0(),*#0'#0#(,6)7#9,&#%:-);)(),*'<#=-%'%#%:-);)(),*'#,*#2)8&0(),*#>3%'(),*#*,(),*'#,9#,;?%7()4)("#,&#,9#53&,6%0*#3*)4%&'0.)'2<#=-)'# 0&()7.%# .,,@'#0(# 0#;&,01# &0*8%#,9# &%7%*(# %:-);)(),*'#0*1#23'%32'#(-0(#011&%''#(-%#(,6)7#,9#2)8&0(),*<#=0@)*8#)*(,#7,*')1%&0(),*#(-%)&#40&")*8# '7,6%# 0*1# )*'()(3(),*0.# 7,*(%:(A# (-)'# (%:(# 0&83%'# (-0(# %:-);)(),*'# ,*#2)8&0(),*#(%..#'%4%&0.#'(,&)%'#0(#,*7%B#C)&'(."A#(-%"#6&%'%*(#'(,&)%'#,9#2)8&0(),*#)*#0#7%&(0)*# 7)("A# &%8),*# ,&# *0(),*A# 0*1# D)(-)*# 0# 60&()73.0&# 6%&),1# ,9# ()2%<# C,&# (-)'#63&6,'%A#73&0(,&'#20@%#%:(%*')4%#3'%#,9#206'#E#D)(-#(-%#6%73.)0&#%99%7(#(-0(#(-%'%#206'#;.3&#D-0(#'%%2'#(,#;%#(-%#7.%0&F73(#%*()("#,9#&%9%&%*7%#,9#(-%#23'%32#)('%.9#,&# (-%# %:-);)(),*<# =,# 0# '(&,*8%&# 1%8&%%# (-0*# ,(-%&# 6-%*,2%*0# (-0(# (3&*# )*(,#23'%0.# (,6)7'A# G2)8&0(),*G# 3*4%).'# (-%# 7,*'(&37(%1# 7-0&07(%&# ,9# 8%,8&06-)7# ,&#6,.)()70.#%*()()%'#'37-#0'#(-%#*0(),*#,&#(-%#53&,6%0*#H*),*<#I(#'-,D'#-,DA#-)11%*#;%.,D#(-%#*,&2#,9#'%((.%1*%''A#2,;).)()%'#0&%#0*1#-04%#0.D0"'#;%%*#,2*)6&%'%*(#)*# 0*1# 93*102%*(0.# 9,&# 53&,6%0*# ',7)%()%'<# J%7,*1."# 0*1# &%.0(%1# (,# (-)'A#%:-);)(),*'# ,*#2)8&0(),*# 011# 0# *%D# 7-06(%&# (,# (-%#2%(0F*0&&0()4%# ,9#23'%32'B#)26.)7)(."A# (-%"# 7-0..%*8%# (-%# &%.%40*7%# ,9# (-%# *0(),*# F# '6%7)9)70.."A# ,9# ;,(-# (-%#-)'(,&)70.# )1%0#(-0(# )*)()0(%1#(-%#)*4%*(),*#,9#(-%#63;.)7#23'%32#K79<#%<8<#!%**%((#LMMMN#!"## (-%#6,.)()70.# 93*102%*(#,9#53&,6%0*# )*(%8&0(),*# (,10"<#=-%"#6&,4,@%#>3%'(),*'# ,9# '%((.%1*%''A# 7)()O%*'-)6A# ,&# 7,*(%26,&0&"# 8.,;0.)'0(),*# 6-%*,2%*0#(-0(#0&%#%>30.."# )26.)7)(."#63(#,*#1)'6.0"<#=-%#7,*'%>3%*(#%99%7(# )'#0#;.3&&)*8#,9#(-%# 7,*7%6(# ,9# (-%# *0(),*F'(0(%<# C)*0.."A# 2)8&0(),*# 0'# 0#23'%0.# (,6)7# 7,*4%"'# 0#4)%D# ,*# -,D# (-%# )*'()(3(),*# ,9# (-%# P23'%32Q# &%.0(%'# (,# '37-# 0# 93OO"# (-)*8# 0'#2,;).)("A#(-3'#6&,4,@)*8#>3%'(),*'#9,&#93&(-%&#&%'%0&7-<#

()*+,%-#B# /)8&0(),*A# 23'%32A# %:-);)(),*A# 53&,6%A# 206A# ,;?%7(A# &%9.%:)4)("A#2%(0F*0&&0()4%

.

+,%-.'A#$%&'()*B#R53&,6%#!.3&&%1B#/)8&0(),*A#/0&8)*'#0*1#(-%#/3'%32SA#$%&'%()*+",-%"#A#T,.32%#UA#VWLLB#XXFXX<#+3;.)'-%1#;"#Y)*@Z6)*8#H*)4%&')("#5.%7(&,*)7#+&%''B#-((6B[[

DDD<73.(3&%3*;,3*1<%6<.)3<'%

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`#a,(-# LMMWB# VLN<# I(# (-%&%9,&%# '%%2'# (,# ;%# D,&(-D-).%# (,# '3220&)O%# ',2%#7,22,*0.)()%'# (-0(#70*#;%#,;'%&4%1# )*# (-%)&#73&&%*(#2,1%'#,9#1)'6.0"<#=-%&%#0&%#(D,# 20)*# &%0',*'# (,# 9,73'# ,*# '37-# (%26,&0&"# &%'3.('# 0*1# ,*8,)*8# 2,4%2%*('#)*')1%#(-%#23'%0.#'607%B#b*%#(-%#,*%#-0*1A#I#0((&);3(%#(,#(-%'%#%:-);)(),*'#0#&,.%#D)(-)*#0#60*F53&,6%0*#1)'7,3&'%#,*#(-%#53&,6%0*#',7)%()%'Q#&%.0(),*#(,#2)8&0(),*<#b*# (-%# ,(-%&# -0*1A# (%26,&0&"# 2)8&0(),*# %:-);)(),*'# 0.&%01"# )*9.3%*7%# (-%# '%.9F3*1%&'(0*1)*8A# 0*1# D,&@# ;%-)*1# (-%# '7%*%'# ,9# %:)'()*8# 0'# D%..# 0'# %2%&8)*8#23'%32'# 0'# D%..A# 0*1# (-3'# -04%# 0# 20?,&# )2607(# ,*# D-0(# -)'(,&)70.."# )'# 0#8%*3)*%."#53&,6%0*#)*4%*(),*<#/)8&0(),*#)'#P,4%&1%(%&2)*%1QB#I(#)'#0#(,6)7#(-0(#)'#077,260*)%1#;"#',#20*"#E#)*#

60&(#23(30.."#%:7.3')4%#E#%:6%7(0(),*'#(-0(#7&)()7)'2#9&,2#,*%#')1%#,&#(-%#,(-%&#)'#830&0*(%%1#KY%88%D)%#VWLLB#LcV99<Nd#E#)(#0.',#)26.)7)(."#>3%'(),*'#',2%#(&01)(),*0.#6&)*7)6.%'# ,9# 23'%0.# D,&@<# =&01)(),*0.."A# (-%# D,&@# ,9# 23'%32'# )'# 7.,'%."#.)*@%1# (,# (-%# *,(),*# ,9# '%((.%1*%''<# =-)'# )'# &%9.%7(%1#2,'(# '(&,*8."# )*# (-%# D0"'#(-0(# 7,..%7(),*'# 0&%# ,&80*)'%1<#]%&%A# ,;?%7('# 0&%# .)*@%1# (,# 0# 8%,8&06-)70.# 6.07%<#=-%"# )*4)(%# ;,(-# 7,260&)',*'#,4%&# ()2%# 0*1# 7,260&)',*'#;%(D%%*# (D,#,&#2,&%#8%,8&06-)70.#'607%'#E#;3(#(-%"#0.',#4%).#2,4%2%*('#07&,''#;,&1%&'#(-0(#2)8-(#;%#%>30.."# 7-0&07(%&)'()7# ,9# (-,'%# 6.07%'<# b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

(-%# (,6)7# ,9# 2)8&0(),*# 0&830;."# 7-0..%*8%'# (-%# D0"'# )*# D-)7-# 23'%32'# -04%#(&01)(),*0.."# ,6%&0(%1<# =-%"# 0.',# 9,&2# (-%# '(&37(3&%# ,9# (-)'# 0&()7.%B# 9)&'(."A# ,*%#

$%&'%()*+",-%"#A#T,.32%#UA#VWLL eUf

)2607(# ,9#2)8&0(),*# 0'# 0*# %:-);)(),*# (,6)7#2)8-(# ;%# 0# ;.3&&)*8# ,9# (-%# )208)*%1#*0(),*# '(0(%'# 0*1# 7,*'%>3%*(."# ,9# 53&,6%<# =-)'# -066%*'# 080)*'(# 0# ;07@8&,3*1#D-%&%# (&0*'*0(),*0.# ',7)0.# '6-%&%'A# )*(%&*0(),*0.# 7,**%7(),*'# 0*1# 7,,6%&0(),*'#'%%2#(,#;%#',#0..#%*7,260'')*8#(-0(#0701%2)7#1)'7,3&'%#0.2,'(#(%*1'#(,#(0@%#(-%2#9,&#8&0*(%1<#g*1#"%(A# (-%#*0(),*# '(0(%# )'# '()..# 0*#3*1%*)0;.%# 70(%8,&"#;%",*1# (-%#'3&907%# ,9# %4%&"10"# .)9%A# ',2%(-)*8#D-)7-# (-%# &%)*(&,137(),*# ,9# *0(),*0.# ;,&1%&#7,*(&,.'# ;"# ',2%# 7,3*(&)%'# )*')1%# (-%# 53&,6%0*# H*),*# 0*1# (-%# J7-%*8%*# 0&%0#)*#VWLL#&%2)*1'#3'#,9<#=-%#0)2#;%-)*1# (-)'# &%(&,8&%'')4%#2,4%# )'# (-%#&%83.0(),*#0*1#20*08%2%*(#,9#2)8&0(),*#0(#0# ()2%#20&@%1#;"#;,(-#0*#%7,*,2)7#7&)')'#0*1#0*# %4%&# )*7&%0')*8# *32;%&# ,9# )22)8&0*('# 0*1# (&0*')(# 2)8&0*('A# %'6%7)0.."# 9&,2#h,&(-%&*#g9&)70A#7&,'')*8#(-%#,3(')1%#;,&1%&'#,9#(-%#J7-%*8%*#0&%0<#=-)'#)'#%4%*#2,&%# %4)1%*(# )*# (-%# 70'%# ,9# (-%# 23'%32A# 0*# )*'()(3(),*# )*4%*(%1# 6&%7)'%."# (,#-%.6#7,*'(&37(#(-%#*0(),*#0'#0#2%0*)*893.#6,)*(#,9#&%9%&%*7%#0*1#0'#0#70(%8,&"#(,#,&80*)'%#(-%#D,&.1<#J%7,*1."A#(-%#D0"#)*#D-)7-#2)8&0(),*#20"#>3%'(),*#(-%#*0(),*#0'#0#7,*7%6(30.#

9&02%D,&@# 20(%&)0.)'%'# )*# (-%# D0"'# ,;?%7('# 0&%# '%.%7(%1# 9,&# 23'%0.# 1)'6.0"'<#I*# 7,*(&0'(# (,# (&01)(),*0.# >3%'(),*'# E# 7,*7%&*)*8# (-%# 6.07%# ,9# )*4%*(),*A# ,9#6&,137(),*A# ,&# ,9# 3'%# ,9# 0*# 0&(%907(# E# ,(-%&# 0'6%7('# ;%7,2%# &%.%40*(# 0*1# ?3'()9"#)('# )*7.3'),*# )*# 0# 1)'6.0"B# D-0(#20"# 0# 60&()73.0&# (-)*8# &%4%0.# 0;,3(# (-%#2,(),*#,9# )1%0'A# -320*# ;%)*8'A# @*,D.%18%# ,&# 7,*9.)7('^# i-0(# '(,&"# ,9# 2)8&0(),*# ,&#2,;).)("# ?3'()9)%'# )('# ;%)*8# 6.07%1# )*# 0# '-,D70'%^#=-%# '-)9(# (-0(# )'# )*1)70(%1# ;"#'37-#>3%'(),*'#-)8-.)8-('# (-%#,*8,)*8# &%*%8,()0(),*#,9# (-%# &,.%#,9# ,;?%7('<#j,%'#2)8&0(),*# '(%%&# 23'%0.# )*'()(3(),*'# (,D0&1'# &%80&1)*8# ,;?%7('# 0'# ./0,-&.# &0(-%&#(-0*# 0'# )12.')023* -,4)3'.# E# (-)*8'# (-0(# %2;,1"# PD-0(# )'# "%(# 3*@*,D*Q# 0*1# (-0(#(-%&%9,&%#6&,4,@%#*%D#>3%'(),*'#K79<#$,&99#VWWkA#a-%)*;%&8%&#VWWcB#VlN^#I*#D-0(#9,..,D'A# D%# D)..# '%%# -,D# 1)'6.0")*8# 2,;).)("# 20@%'# )(# 2,&%# 1)99)73.(# (,# 1&!3)#,;?%7('#0*1#(,#9)(#(-%2#)*(,#(&01)(),*0.#7,..%7(),*#'"'(%2'<#=-%'%# (D,#0'6%7('# 7,*'%>3%*(."# .%01# (,# 0#2,&%#8%*%&0.A# (-)&1A# 1)2%*'),*B#*,(#

,*."#(-%#*0(),*#0'# '5)#-)'(,&)70.#60&01)82#,9# (-%#23'%32#)'#7-0..%*8%1A#;3(#0.',#(-%# 1&!3)# 0*1# .1!3)# (-0(# 0# 7%&(0)*# 23'%32# 0*1# )('# 1)'6.0"'# &%.0(%# (,A# ;%# )(# (-%#7)("A# (-%#&%8),*A#(-%#*0(),*#,&#53&,6%<#I9#6&07()7%'#,9#2,;).)("#0&%#)*#9,73'A#(-%'%#'%%2)*8."# D%..F1%9)*%1# %*()()%'# 0&%# 3*1%&2)*%1# ,&# 0'@# 0(# .%0'(# 9,&# &%1%9)*)(),*#3*1%&#*%D#03'6)7%'<#

<7#'0%#7=).6,=);)9$#=-%#23'%32#)'#*,(# (-%#,*."# )*'()(3(),*#2)&&,&)*8#0#7,*7%6(30.#1%4%.,62%*(#0*1#)*7&%0')*8# )*(%&%'(# )*# 2,;).)("B# )*# (-%# -320*)()%'# 0*1# ',7)0.# '7)%*7%'# 0'# D%..#0'# )*# 63;.)7# 1)'7,3&'%# 0..# ,4%&# 53&,6%A# 2)8&0*('# 0*1# 2)8&0(),*# D%&%# 9,&# 20*"#"%0&'# E# 0*1# ',2%()2%'# '()..# 0&%# F# 6%&7%)4%1# 0'# ;,(-# %:(%&*0.# 0*1# %:(&0,&1)*0&"#6-%*,2%*0<# /)8&0*('# 9)83&%1# 0'# (-%# b(-%&A# 0'# 0*# 3*1)99%&%*()0(%1# 7,..%7()4%#(-0(# '%%2)*8."# 0..,D'# 9,&# 0# 1)4)'),*# ;%(D%%*# GH'G# 0*1# G=-%2G<# 54%*# (,10"A#

$%&'%()*+",-%"#A#T,.32%#UA#VWLL emf

(-%# 1,2)*0*(# )208)*0(),*'# ,9# (-%# 2)8&0*(# D)(-)*# (-%'%# 1%;0(%'# 0&%# .)*@%1# (,#6&%70&)("#E#;,(-#D)(-#&%80&1# (,#%7,*,2"#0*1#%1370(),*#,&#',7)0.#'(0(3'<# I*#,(-%&#D,&1'B# (-%# 7,'2,6,.)(0*A# 366%&F7.0''A# 9)*0*7)0.."# )*1%6%*1%*(# 0*1# 6,."8.,(#10*1"# ,9# (-%# %0&."# (D%*()%(-# 7%*(3&"# &0&%."# 9)83&%'# )*# 1%;0(%'# ,*# 2)8&0(),*#(,10"<#b*."#,770'),*0.."#1,#D%#2%%(#-)'# 7,*(%26,&0&"# )*70&*0(),*A# (-%#2)11.%F7.0''# P23.().)*830.# 8,3&2%(# (0'(%&Q# Ki%&;*%&# LMMnB# LLd# 79<# \&)..,# VWWnN# ,&#(-%# \&%%*# o0&1# -,.1%&# %>3)66%1# D)(-# 0# j)6.,20# )*# !),6-"')7'# ,&# o,263(%&#5*8)*%%&)*8<# =-)'# *0&&,D# 4)%D# ,9# 2)8&0(),*A# )8*,&)*8# (-%# 1)4%&'%# 6&07()7%'#0*1#2,1%'# ,9#2,;).)("# KH&&"# VWWlN# '%%2'# (,# ;&,01%*B# 0.(-,38-# )22%&'),*# 0*1#)*(%8&0(),*#0&%#'()..#9&%>3%*(."#'%%*#0'#2)8&0*(#&%'6,*');).)()%'A#'.,D."#0*1#'3&%."#)(#)'#;%)*8#&%7,8*)O%1#(-0(#2)8&0(),*#-0'#;%%*#0*#%''%*()0.#60&(#,9#53&,6%0*#',7)%()%'#9,&#7%*(3&)%'#0*1#D)..#*,(#7%0'%#(,#;%#',<#I*# 7,*(&0'(# (,# (-%# 9,73'# ,*# )22%&'),*# 0*1# )*(%8&0(),*# (-0(# ;3).1'# ,*# 0#2,1%.#

,9# ',7)%()%'# 0'# 7.,'%1# 0*1# '(0;.%# %*()()%'A# 2,&%# &%7%*(# '(31)%'# D)(-)*# (-%# 9)%.1#,9# 0*(-&,6,.,8"# 0*1# ',7)0.# '7)%*7%'# )*# 8%*%&0.# )*1)70(%# 0# '-)9(B# (-%"# *,(# ,*."#1%'7&);%#0*1#0*0."'%#(&0*'*0(),*0.#',7)0.#'6-%&%'A#;3(#0.',#0((%26(#(,#7-0&07(%&)O%#2)8&0*('# 0*1# 2)8&0(,&"# *%(D,&@'# ,&# 2).)%3'# 0'# 0*# 040*(F80&1%A# ;,(-# D-%*# )(#7,2%'#(,# (&0*'*0(),*0.#2).)%3'#0*1#(,#53&,6%0*)O0(),*#K!0.);0&#VWWkA#=aghJI=#/I\ag=Ibh# C,&'7-3*8'8&366%# VWWnN<# T)%D%1# 9&,2# (-)'# 0*8.%A# 2)8&0*('#0&%# 7,*')1%&%1# 0# 7&37)0.# 907(,&# D)(-)*# (-%# 53&,6%0*# H*),*A# ',2%(-)*8# (-0(# -0'#'()23.0(%1# 0# 1%;0(%# ,*# (-%)&# 6,')(),*# )*# &%.0(),*# (,# %99%7('# ,9# 8.,;0.)O0(),*# 0*1#0..F%*7,260'')*8# 2,;).)("<# g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g;p.q'#LMMVd#J-,&%#VWWWN<#I*#7,*(&0'(#(,#(-%#&0(-%&#6&)4).%8%1#53&,6%0*#7)()O%*'#D-,#6&,9%''),*0.."#%*808%#D)(-#(,10"Q'#0*1#(,2,&&,DG'#53&,6%0*#07(30.)("#)*#(-,'%#7)()%'#K+,%-.'#VWWMNA#2)8&0*('#;&)*8#>3%'(),*'#,9#7)()O%*'-)6#0*1#-320*#&)8-('#(,#(-%#9,&%#,*#0*#%:)'(%*()0.#.%4%.#K79<#]%''#VWWkd#aZ2-).1#VWWnd#J7-)..%&#`#r0.0&#VWWMd#Y%*O#VWLWN<#=%26,&0&"# %:-);)(),*'# 0*1# 23'%32'# ,9# 2)8&0(),*# *04)80(%# )*# (-)'# 7,*(%'(%1#

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`#\&)%'%2%&# LMlMd# =&,26%((%# `#T)*7@# VWWMN<#

$%&'%()*+",-%"#A#T,.32%#UA#VWLL ekf

/3'%32'#0*1#%:-);)(),*'#,*#2)8&0(),*#0&%#'()..#0!(62"!&#D)(-)*#(-%#23'%0.#9)%.1#)*#(-%#'%*'%#,9#],2)#!-0;-0Q'#3'%#,9#(-%#(%&2<#]%#&%80&1'#6&%7)'%."#(-%#20&8)*'#0'# 7%*(&%'# ,9# 07()4)("<#g77,&1)*8# (,#!-0;-0# KVWWWB# nNA# '37-# P20&8)*'Q#20&@# (-%#'607%# 9&,2#D-)7-# (-%# )263.'%'# 9,&#6,.)()70.# 1)'7,3&'%#,&)8)*0(%'A# ,9(%*# %4,.4)*8#9&,2# %:6%&)2%*('<# I*# (-)'# '%*'%A# (-%# )''3%# ,9# 2)8&0(),*# 1,%'# )*1%%1# '%%2# (,#1%20*1#%:6%&)2%*(0.#066&,07-%'#D)(-#&%'6%7(#(,#;,(-#0%'(-%()7'#0*1#*0&&0()4%'<#I(#2)8-(#(-3'#'%(#)('#)26&)*(#,*#93(3&%#23'%0.#6&07()7%'<

6&11798.678%&$7,9Y%(# 3'# 1D%..# 36,*# (-)'# *,(),*# ,9# 20&8)*0.)("# 0*1# '(0&(# D)(-# 0*# ,;?%7(# (-0(# E# )9#7,*')1%&%1# 0*# ,;?%7(# 0(# 0..# E# 90..'# 3*1%&# (-%# 70(%8,&"# P20&8)*0.Q# D)(-)*#23'%0.#&%6&%'%*(0(),*'#,9#2)8&0(),*<#+.07%1#)*#(-%#6&%907%#,&#)*(&,137(,&"#7-06(%&A#*%:(#(,#(-%#%*(&0*7%#,&#;%-)*1#'-,D70'%'#D)(-#(-%#P&%0.Q#,;?%7('A#%:-);)(),*'#,9#2)8&0(),*#20@%#%:(%*')4%#3'%#,9#8%,8&06-)70.#206'<#g*0.,8,3'#&%7,&1'#,9#(-%#8%,8&06-)70.#'3&907%# ,9# (-%# D,&.1# ,*# (-%# ,*%# -0*1A# 206'# 0&%# ,*# (-%# ,(-%&# -0*1# )*%4)(0;."#0;'(&07(),*'# ')*7%# (-%"# 0&%# 0# P&%'3.(# ,9# '%.%7(),*A# ,2)''),*A# )',.0(),*A# 1)'(0*7%#0*1# 7,1)9)70(),*Q# Ko,&*%&# LMMMB# VLkN<# J)*7%# (-%)&# )*7%6(),*A# 206'# &%9.%7(# (-%#066&,6&)0(),*#,9#'607%A#(-%"#(%..#'(,&)%'#0;,3(#D-0(#(-%#D,&.1#.,,@'#.)@%#,&#D-0(#)(#'-,3.1#.,,@#.)@%A#0.(-,38-#(-%"#8%*%&0.."#,2)(#75-#)'#(%..)*8#(-)'#60&()73.0&#'(,&"#K79<#a,8,99# VWWWd#J7-.Z8%.# VWWcd# s07,;'# VWWlN<#!,.1# 0&&,D'# ,*# .0&8%#206'# 0&%#8%*%&0.."#3'%1# (,#20@%#4)');.%# (-%#-)'(,&)70.#,2*)6&%'%*7%#,9#2)8&0(),*A#'20..%&#0&&,D'#9,..,D#(-%#60(-#,9#,*%#)*1)4)130.#2)8&0*(A#%4%*#'20..%&#07&,*"2'#&%9%&#(,#(-%#)*'()(3(),*0.#6.0"%&'#)*4,.4%1<g(#(-%#$2'8*9!'2-"!&*#)*&:52.'-2()*#)*&:20026(!'2-"*Koh]IN#)*#+0&)'A#',#90&#(-%#

,*."#"!'2-"!&#23'%32#,*#2)8&0(),*#D)(-)*#53&,6%A#(-%#4)')(,&#)'#7,*9&,*(%1#D)(-#206'#%4%*#;%9,&%#%*(%&)*8#(-%#%:-);)(),*<#=-%#206'#-%&%#1%6)7(#2)8&0(,&"#&,3(%'#0*1#9.,D'#(-&,38-,3(#(-%#(D,#7%*(3&)%'<#

$%&'%()*+",-%"#A#T,.32%#UA#VWLL ecf

oh]IA#+0&)'#E#6-,(,#;"#(-%#03(-,&<

=-%"# '-,D# 2)8&0(,&"# 2,4%2%*('# 9&,2# (-%# 7,3*(&"')1%# (,# (-%# 8&,D)*8# 7)()%'#D)(-)*#C&0*7%A#&,3(%'#9&,2#53&,6%#(,#(-%#g2%&)70'#,&#D)(-)*#g')0A#0*1#4)'30.)O%#(-%#2)8&0(,&"#2,4%2%*('#9&,2#(-%#9,&2%&#7,.,*)%'#(,#C&0*7%<#]%&%A#(-%#7,*(,3&'#,9#53&,6%# 0&%# '()..# 7,*8&3%*(#D)(-#D-0(# )'# 902).)0&# (,# 0..# ,9# 3'# 9&,2#8%,8&06-"#.%'',*'#)*#'7-,,.#0*1#9&,2#0(.0'%'<#t3)(%#0#1)99%&%*(#)1%0#,9#53&,6%#%2%&8%'#9&,2#0# 6-,(,# %''0"# (-0(# )'# ,*# 6%&20*%*(# 1)'6.0"# )*# (-%# 9,..,D)*8# &,,2#0(# (-%#$9;<<#i%#'%%#$)*8'.%"#g;0*8#$32Q'#&,3(%#9&,2#o02%&,,*#(,#C&0*7%A#P1,732%*(%1Q#;"#b.)4)%&#s,;0&1#K79<#s,;0&1#`#J0*8.)%&#VWWcN<#i-).%#)(#&%20)*'#3*7.%0&#D-%(-%&#(-%#6&,(08,*)'('# &%0.."#%:)'(A# (-%#*0&&0()4%#3*9,.1'# )*#0# &%0.)'()7A# ?,3&*0.)'()7#20**%&A#)*4)()*8# 3'# (,# '-0&%#$)*8'.%"Q'# '(,&"# 9&,2# (-%# 1%60&(3&%# 9&,2# -)'# 902)."# -,2%A#(&04%..)*8#;"#40&),3'#2%0*'#,9# (&0*'6,&(0(),*A#D)(-#%*1.%''#-,3&'#,9#D0)()*8#0*1#3*@*,D*# 93&(-%&# '(%6'A# 3*().# -%# 1%;0&@'# 9&,2# 0# ;3'# )*# (-%# 7%*(&%# ,9# +0&)'<# =-%#6-,(,8&06-'#0&%#077,260*)%1#;,(-#;"#1)0&"#%*(&)%'#0*1#;"#206'<#=-%#206'# (-0(#$)*8'.%"#1&0D'#13&)*8#-)'#?,3&*%"#)*1)70(%#-,D#53&,6%#0'#0*#)=*!"')#1&%02.0*1#;,(-#2,4%'# ,3(# ,9# ')8-(# 13&)*8# -)'# (&)6# 0*1#2,&6-'# )('# '-06%# 0'# -%# 066&,07-%'#53&,6%Q'#8%,6,.)()70.#;,&1%&'<#=-%#20*30.."#1&0D*#206'#7,*4%"#(-%#-)8-#-,6%'#D)(-# D-)7-# (-%# D,&1# 53&,6%# )'# 7,**,(%1B# D-).%# D%# 0'# %:-);)(),*# 4)')(,&'# 70*#9,..,D# $)*8'.%"Q'# 80O%# ;%",*1# (-%# -,&)O,*A# D%# 70**,(# '6,(# -)2# )*# (-%# 7&,D1#0*"# .,*8%&# ,*7%# -%# -0'# 0&&)4%1# )*#53&,6%# E# 0# 6.07%# (-0(# *,# .,*8%&# '%%2'# (,# ;%#(-%# 1&%02.0*1<# =-%# 7,2;)*0(),*# ,9# (-%'%# &0(-%&# 1)99%&%*(# &%6&%'%*(0(),*'# ,9#'607%#*,(#,*."#8)4%'#0*# )26&%''),*#,9#-,D# (-%#7&)')'#,9# &%6&%'%*(0(),*#')*7%# (-%#LMlW'#-0'#-01# )('# )2607(#,*# (-%#23'%32<#I(#0.',# )*1)70(%'# (-%#099)*)()%'#;%(D%%*#',7),73.(3&0.#-)'(,&"#0'# (,.1# )*# (-%#23'%0.# '607%#0*1# (-%#0&('A#D-%&%#206'#-04%A#9,&#)*'(0*7%A#;%%*#3'%1#;"#J)(30(),*)'('#,&#C.3:3'#0&()'('#0'#20(%&)0.#0*1#0'#0#8%*&%#

$%&'%()*+",-%"#A#T,.32%#UA#VWLL enf

(,#7&%0(%#*%D#@)*1'#,9#'607%A#(,#6&,4,@%#0#2,&%#6.0"93.#6%&7%6(),*#,9#'607%A#0*1#(,#6&,;.%20()O%# (-%#-)8-."#7,*'(&37(%1#*0(3&%#,9# '607%# Ko,&*%&#LMMMN<#g.(-,38-#4%&"# 1)'7&%%(."A# (-%# 206'# 0(# (-%# $9;<# '388%'(# (-%# 7&%0()4)("# 3*1%&.")*8# (-%'%#206'A#*02%."#(-%#7&%0()4)("#,9#2)8&0*('#,*#(-%)&#(&0*')(#&,3(%<#g# '7&);;.%1# )*'(&37(),*# ,*# -,D# (,# 2,4%# (-&,38-# 53&,6%# )*'6)&%1# 23'%32#

73&0(,&'# )*# a)?%@0# )*# o&,0()0# 9,&# (-%# '-,D# >)(23!?* @026(!'2-"* A(-0* $)"'(!&*@%(-1)* '-*B0)(23!* CDDEFCGCH<# I*# (-)'# %:-);)(),*A#D%# '%%# )*1)4)130.# '(,&)%'# 0*1#&,3(%'# ,9# 2)8&0(),*<# =-%"# 0&%# 7,26.%2%*(%1# ;"# 1%6)7(),*'# ,9# (-,'%# 08%*7)%'A#&0).D0"# 0*1# '-)66)*8# 7,260*)%'# 0.,*8# (-%# &,3(%# (-0(# 0..,D%1# 9,&# 2,;).)("# 0*1#201%#(-%)&#6&,9)('#9&,2#2)8&0(),*<#=-%#1)'6.0"#)'#-%&%#0&&0*8%1#.)@%#P0#.0;"&)*(-A#;3(#D)(-#0#D0"#,3(Q*K/%&)70#VWLLN<#

J7&%%*'-,(#/%&)70A#a)?%@0<

=-%# )*'6)&0(),*# 9,&# (-)'# 1)'6.0"# 7,2%'# 9&,2# 0# '20..# 6)%7%# ,9# 606%&B# *%:(# (,# 0#73&4%1#.)*%A# )(#7,*(0)*'#6&%7)'%#)*'(&37(),*'#,*#D-%&%#(,#7-0*8%#(&0)*'#0*1#D-%&%#(,#;3"# (-%#*%:(# (&0)*# ()7@%(#,*# (-%#D0"#9&,2#0#'20..#4)..08%# )*#o&,0()0# (,#H1)*%#0*1#(-%*#93&(-%&#,*#D%'(D0&1'<#i&)((%*#9,&#',2%,*%#PD-,#1,%'#*,(#@*,D#D-%&%#

$%&'%()*+",-%"#A#T,.32%#UA#VWLL elf

(-%"#0&%#8,)*8A#D-,#1,%'#*,(#@*,D#(-%#&,3(%'Q#K52)8&0(),*#9&,2#o%*(&0.#53&,6%#(,# g2%&)70# LllWFLMLm# VWLLNA# (-)'# 206# '-,D'# *%)(-%&# *0(),*0.# ;,3*10&)%'# *,&#4)'0# ,&# 7,*(&,.# 2%7-0*)'2'<# T%&"# 237-# )*# 7,*(&0'(# (,# (,10"P'# &%0.)()%'A# ;,&1%&#7,*(&,.'#D%&%#(-%*#3*-%0&1#,9#)*#(-)'#60&(#,9#(-%#D,&.1#K79<#J7-.Z8%.#VWWcN<#=D,#93*102%*(0.# 0'6%7('# ,9# 2066)*8# 0&%# (&0*'.0(%1# )*(,# (-%# %:-);)(),*B# C)&'(."A# (-%#'-,D#-)8-.)8-('#(-%#-)8-#1%8&%%#,9#7&%0()4)("#%2;%11%1#)*#9)*1)*8#,&#)*4%*()*8#0#2)8&0(,&"#&,3(%#Ko,&*%&#LMMMB#VLnNB#=-%#2)8&0*(#-)2'%.9#D-,#)208)*%1#-)2'%.9#)*# 0# 1)99%&%*(# .1!3)*0*1#1&!3)# 0*1# (-%# -%.693.# 6%&',*#D-,#6&,4)1%1# (-)'# 6%&',*#D)(-# 0*# )26&,4)'%1#206#E#;,(-# )208)*%1#*%D#60(-'# (,D0&1'# 0#1)99%&%*(#D0"#,9#.)9%<# b*# (-%#206# )('%.9A# (-%# 02,3*(# ,9# )*9,&20(),*# -0'# ;%%*# &%137%1# (,# 0# .%4%.#'399)7)%*(#9,&#(0@)*8#(-%#*%:(#'(%6#(,D0&1'#>)(23!?*J%7,*1."A#(-%#20O"#%:-);)(),*#1%')8*# 2)8-(# 7,*93'%# 4)')(,&'<# =-)'# )*(%*1%1# %99%7(# 6&,4)1%'# %4)1%*7%# ,9# (-%#*%7%''0&"#&%01)*8#'@)..'#D)(-,3(#D-)7-#0*"#206#)'#3'%.%''#Ko,&*%&#LMMMB#VLm9N<#=-%#7&%0()4%#6,(%*()0.#,9#206'#-0'#;%%*#3'%1#;"#0&()'('# K79<#a,8,99#VWWWN#0*1#

0.',#)*#2)8&0(),*#%:-);)(),*'#(,#0#1%8&%%#D-%&%#(-%#70(%8,&"#,9#8%,8&06-"#&%4%0.'#)('# 7,*'(&37(%1# 0*1# .)2)(%1#2%0*)*8<# o3&0(,&'A# 0&()'('# 0*1# %(-*,8&06-%&'# 0)2# (,#3*4%).#-,D#8%,6,.)()70.#1%7)'),*'#,*#;,&1%&'A#-)'(,&)70.#0'#D%..#0'#7,*(%26,&0&"#1)'7,3&'%'# ,*# 2)8&0(),*# )*# 53&,6%A# 6,.)()70.# )*'()(3(),*'A# h\b'# 0*1# 6,.)()70.#60&()%'# 0'# D%..# 0'# 2)8&0()*8# -320*# ;%)*8'# 9,&2# (-%# 1)'73&')4%# .1!3)# )*# D-)7-#2)8&0(),*#(0@%'#6.07%<#I*#(-,'%#6&,?%7('A#(-%#'607%#,9#2)8&0(),*#1,%'#*,(#066%0&#0'#0#7.%0&F73(#%*()("A#;3(#&0(-%&#0'#0#;.3&&%1#9)%.1#,9#07()4)("#D-%&%#40&),3'#)*(%&%'('#2%%(# 0*1# 7,*9.)7(#D)(-# %07-# ,(-%&<#/I\/g+A# 9,&# %:026.%A# 7,26.%(%."# 0;'(0)*'#9&,2# 8%,8&06-"# 0'# 0# ;0')'# 9,&# 2066)*8# 2)8&0(),*<# =-)'# 7,,6%&0(),*# ;%(D%%*#0&()'('#0*1#',7)0.#'7)%*()'('#60&(0@)*8#)*#(-%#%:-);)(),*[&%'%0&7-#6&,?%7(#+abs5$=#/I\ag=Ibh# )*# o,.,8*%# )*# VWWk# 6&,4)1%'# 4)'30.# ',.3(),*'# (,# (-%# 6&,;.%2# ,9#2066)*8#2)8&0(),*#(-0(#0&%#;,(-#'(&0*8%#0*1#4%&"#902).)0&#0(#(-%#'02%#()2%<#=-%#(%02#,9#%(-*,8&06-%&'#0*1#0&()'('#206#(-%#6.0"%&'#,9#2)8&0(),*A#1)'7,3&'%'A#6.07%'#0*1#6,.)()70.#1%7)'),*'#0*1#3'%#0%'(-%()7'#(-0(#0&%#&%2)*)'7%*(#,9#D%0(-%&#9,&%70'('A#3*1%&8&,3*1# 206'# ,&# ,9# D%;# 608%'# D)(-# 0*# ,4%&D-%.2)*8# 02,3*(# ,9# 7&"6()7#0;;&%4)0(),*'#K79<#J6)..20**#VWWnN<#=-%# PD%0(-%&# 9,&%70'(Q# 206A# 9,&# %:026.%A# 4)'30.)O%'# -,D# 0&%0'# ,9# P-)8-Q#

,&# P.,DQ# 6&%''3&%# ,4%&.06# )*# &%.0(),*# (,# 63;.)7# 1)'7,3&'%# ,*# -320*# (&099)7@)*8#0*1# -,D# (-)'# )*# (3&*# 7,..)1%'# D)(-# *%,F.);%&0.# 6,.)()70.# 0)2'<# Pi%0(-%&# 9&,*('Q#@%%6# 1)'7,3&'%'# ,*# 0'".32# 0*1# )..%80.# 2)8&0(),*# 060&(A# D-).%# (-%# 1)'7,3&'%# ,*#'2388.)*8# '%%2'# (,#,4%&.06#,&# )*(%&9%&%#D)(-# (-%# P7.,31Q#,9# )..%80.#2)8&0(),*# 0'#D%..# 0'# D)(-# (&099)7@)*8<# =-&,38-# 0..# (-%'%# 7,*'(0*(."# )*(%&'%7()*8# 0*1# %.3')4%#D%0(-%&#'"'(%2'#2,4%#'(&%02'#,9#)1%0'#;0'%1#,*#,&#,66,'%1#(,#&07)'2A#0'#D%..#0'#1)'73''),*'#,*#]320*#a)8-('A#6,.)()70.# 0((%26('# (,# &%137%#,&80*)O%1#7&)2)*0.)("#,&# (,# .%01# 0# Pi0&# ,*# =%&&,&)'2Q<# ]%&%A# (-%# 7,22,*# 4)'30.'# ,9#D%0(-%&# &%6,&('#0&%#3'%1#)*#,&1%&# (,#&%6&%'%*(# (-%#(&01)(),*#,9#'607)0.)O)*8#6,.)()70.#6,')(),*'<#b*#(-%# P(3;%#206QA# 6,.)()70.# 1%7)'),*'# ,*# -,D# (,# 8,4%&*# 0*1# (,#20*08%#2)8&0(),*#)*#(-%#5H#9,&2#(-%#40&),3'#'(0(),*'<#=-)'#206#)*4)(%'#(-%#4)')(,&#(,#(0@%#0#(&)6#,*#

$%&'%()*+",-%"#A#T,.32%#UA#VWLL eMf

(-%#40&),3'# P.)*%'QA# 9,..,D)*8# (-%#1%7)'),*'#0*1# (-%)&# )**%&# .,8)7# (-0(# )'#3*4%).%1#(-&,38-# (-%# 7-&,*,.,8)70.# 0&&0*8%2%*('# ,9# (-%# P'(0(),*'Q<# o,**%7()*8# '(0(),*'#&%4%0.# (-%# )*(%&1%6%*1%*7)%'# ;%(D%%*# 6,.)()70.# 9)%.1'# 0*1# 07(,&'<# g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b9#7,3&'%A# (-%# (3;%#206#0*1#(-%#D%0(-%&#&%6,&(#0&%#7.,'%."# .)*@%1B#6-"')70.."A#

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abh=5XA#(0@%'#6.07%#,3(')1%#,9#(-%#5H#0'#D%..#0'#)*')1%A#,*#2,(,&D0"'A#0(#0)&6,&('#,&#(&0)*#'(0(),*'<#!,&1%&'#93*7(),*#0'#9).(%&'A#(-%"#70*#*,#.,*8%&#;%#&%80&1%1#0'#.)*%'#(-0(#',2%#0&%#0..,D%1#(,#7&,''#0*1#,(-%&'#*,(#K79<# C)'7-%&FY%'70*,# `# =,-)1)63&# VWWnd# !37@%.# `#i)''%.# VWLWd# Y03;%# VWLWN<#J%7,*1."A# 2)8&0(),*# ,6%*'# 36# 0# '607%# (-0(# %:(%*1'# ',2%D-%&%# ;%(D%%*# (-%#1)'7,3&'%#7.,31'#0*1# (-%# (3;%# (3**%.'#,9#6,.)()7'#E# (-%#%4%&"F10"#',7)0.#'607%#,9#2)8&0(),*<#=-)'#'607%#'%%2'#(,#;%7,2%#2,&%#4)');.%#(-&,38-#(-%#0%'(-%()7'#,9#(3;%#206'#0*1#D%0(-%&#9,&%70'('<#i)(-)*#(-%#7,*(%:(#,9#%:-);)(),*'#,9#2)8&0(),*A#206'#8%*%&0(%#0#6%73.)0&#%99%7(B#

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cLN<# I*# (-0(# '%*'%A# (-%# D-,.%# )1%0# ,9#*32%&,3'#K*,(#0..N#%:-);)(),*'#,*#2)8&0(),*#)'#8%*%&0(%1#9&,2#0#2,&%#,9(%*#(-0*#*,(#20&8)*0.#,;?%7(B#0#206<#b*7%#206'#0&%#%26.,"%1#0'#0#2%0*'#(,#'%(# (-%#(,*%#9,&# (-%# (-)*8'# ,*# 1)'6.0"# 0*1# ,*7%# (-%"# -04%# ;%%*# 9&%%1# 9&,2# (-%)&# 0((&);3(%1#,;?%7()4)("A# (-%"# 3*4%).# (-%# )..3'),*# ,9# *%3(&0.)("# E# 0*1# %4%*# ,9# 3*)4%&'0.)'2# E#

$%&'%()*+",-%"#A#T,.32%#UA#VWLL eLWf

(-0(# -0'# 83)1%1# &%6&%'%*(0(),*0.# D,&@# )*# (-%# 23'%0.# '607%# ')*7%# )('# )*7%6(),*<#o3&0(,&)0.#07()4)("#)'A#)*#(-%#70'%#,9#2)8&0(),*#2,'(#%:6.)7)(."A#0#6,.)()70.#07()4)("<#

678%&$798.>"?)'$#i-%*# (-%#$&%3O;%&8#/3'%32# )*#!%&.)*#,6%*%1# )('# 9)&'(#6%&20*%*(#%:-);)(),*# )*#(-%#%0&."#LMMW'A#6%&',*0.#;%.,*8)*8'#,9#2)8&0*('#E#'37-#0'#(%06,('A#0#').4%&#;,D.#(&01)(),*0.."#3'%1#)*#(-%#5!00!0A#,&#D,&@)*8#(,,.'#E#D%&%#(-%#7%*(&0.#,;?%7('#,*#1)'6.0"<#=-%)&#63&6,'%#D0'#(,#7,**%7(#(-%#'(,&)%'#)*')1%#(-%#'-,D70'%'#(,#(-%#.)9%#8,)*8# ,*# )22%1)0(%."# ,3(')1%# ,9# (-%#23'%32<# I*# 0# ')2).0&#D0"A# 0# '20..# 8&0''F&,,('#23'%32# )*# [email protected]# Y,3(&,*# ,*# (-%#\&%%@# )'.0*1# ,9# Y%'4,'# 1)'6.0"'# 9%'()4%#7.,(-)*8A#'0.(#0*1#6%66%&#'-0@%&'A#.%((%&'A#,99)7)0.#7%&()9)70(%'#0*1#?%D%..%&"<#g..# ,9# (-%2#D%&%# 1,*0(%1# ;"#\&%%@#2)8&0*(# 902).)%'#D-,# -01# (,# .%04%# (-%)&#

-,2%'# )*# g')0# /)*,&# )*# LMVV# K79<# o.,88# LMMVB# mn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d#+,%-.'#VWLWNA#3'%1#',#9&%>3%*(."#(-0(#)(#-0'#(3&*%1#)*(,#-%04"#.38808%#)*#)('%.9<#

I*')1%# (-%# 23'%0.# 9)%.1A# (-%# 1%;0(%# ,*# -,DA# D-%&%A# D-"# 0*1# 9,&# D-,2#23'%32'# ,9# 2)8&0(),*# '-,3.1# ;%# 9,3*1%1# &%4,.4%'# 0&,3*1# ,;?%7('A# 0*1#'6%7)9)70.."# ,;?%7('# (-0(# -04%# ;%%*# 1,*0(%1# ;"# 2)8&0*('# ,&# (-%)&# 902).)%'<# b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email protected]#Y,3(&,*#)*9,&2%1#2%#0(#0#'-,D70'%#D-%&%#(-%#0;,4%F2%*(),*%1#,;?%7('#D%&%#6.07%1#,*#'20..#4%.4%(#6)..,D'#(-0(#P(-%#,;?%7('# )*# (-%2'%.4%'#-04%#*,# 40.3%Q# KC)%.1#h,(%'# VWLLN<#]%&%# '-%#D0'# *,(# ,*."# &%9%&&)*8# (,# (-%#2,*%(0&"#40.3%A# ;3(# 0.',# (,# (-%# ,;?%7('G# 0;).)("# (,# 8%*%&0(%# >3%'(),*'# ;%",*1# 0*# )*)()0.#%2,(),*0.# )263.'%<# =,10"A# ,;?%7(# 1,*0(),*'# 0&%# ,*."# 077%6(%1# PD-%*# (-%&%# )'# 0#

$%&'%()*+",-%"#A#T,.32%#UA#VWLL eLLf

'6%7)0.#'(,&"#7,**%7(%1#(,#(-%2Q#(-0(#D,3.1#(-%*#;%#1,732%*(%1#0*1#;%7,2%#60&(#,9#(-%#7,..%7(),*#(,8%(-%&#D)(-#(-%#,;?%7(#K);)1<A#VWLLN<#g'#(-%)&#2%.0*7-,.)7#(&0)(#'388%'('A# '37-# (&01)(),*0.# G,;?%7('#,9#2)8&0(),*G#70*#;%#7,*')1%&%1#0'#'"2;,.'#,&#0*7-,&'#9,&#'(,&)%'#(-0(#-04%#(,#;%#(,.1#)*#,&1%&#(,#20@%#(-%#,;?%7(#2%0*)*893.#(,#0#(-)&1# 6%&',*<# b(-%&D)'%A# (-%"# ')26."# 6,)*(# (,# 0# 6.07%# 0*1# ()2%# %.'%D-%&%# (-0(#&%20)*'#3*&%.0(%1#(,#(-%#-%&%#0*1#*,D#,9#(-%#1)'6.0"<

I(#2)8-(# ;%# 9,&# (-)'# &%0',*# (-0(#20*"#2)8&0(),*# %:-);)(),*'# %)(-%&# .,,@# 9,&#0.(%&*0()4%# D0"'# ,9# 1%0.)*8# D)(-# ,;?%7('# ,&# (&"# (,# 04,)1# (-%2# 7,26.%(%."<# =-%#%:-);)(),*# +abs5$=# /I\ag=Ibh# (-0(# D0'# '-,D*# )*# o,.,8*%# )*# VWWk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p1# ,;?%7('# ,9#7,*(%26,&0&"#2)8&0(),*#E#9)83&%#-%&%#0'#60&(#,9#0#.0&8%&#)*'(0..0(),*#0*1#*0&&0()4%<#I*'(%01#,9# ;%)*8#63(# )*(,# 0# '-,D70'%#,&# 3'%1# 0'#4%''%.'# 9,&# ,(-%&A# 6%&-06'# %4%*#2,&%# 7.)7-p1# ,;?%7('# (-0(# 2)8-(# -04%# ;%%*# (&0*'6,&(%1# )*# (-%2A# (-%# ;08'# -04%#;%%*# 0((07-%1# (,# %07-#,(-%&# 0*1#2,3*(%1# (,# &%'%2;.%# (-%# 0&7-)(%7(3&0.# '-06%#,9#/3*)7-Q'#o%*(&0.#=&0)*#J(0(),*<#=-%#o%*(&0.#J(0(),*#D0'#,*%#,9# (-%#20)*#6.07%'#,9# 0&&)40.# 9,&#83%'(#D,&@%&'# 9&,2# (-%#LMcW'#,*D0&1'<#=-)'#6&%'%*(0(),*# (3&*# (-%#;08'#)*(,#1%F#0*1#&%7,*'(&37(%1#60&('#,9#(-%#%:-);)(),*#1%')8*A#0*1#011'#0*#)&,*)7#(D)'(# (,# (-%#'-,DB# (-%#;.3%A# &%1A#0*1#D-)(%#'(&)6%1#;08'#7,*9&,*(# (-%#4)')(,&#D)(-#-)'# ,&# -%&# )=1)3'!'2-".# ,9# D-0(# 2)8&0(),*# 0*1# )('# 20(%&)0.# ,2*)6&%'%*7%#'(%&%,("6)70.."#P.,,@'#.)@%Q#)*#%4%&"F10"#.)9%#K79<#Y%88%D)%#VWLLB#LcnN<#J)2).0&."A#;%(D%%*#7,22)''),*%1#6)%7%'#,9# 0&(A# ',3*1'706%'A#2%1)0# )*'(0..0(),*'#0*1#2,&%#(&01)(),*0.# '-,D70'%'# D)(-# '-,%'# 0*1# ,(-%&# ,;?%7('A# (-%# /3'%32# ,9# i,&.1#o3.(3&%'# )*# \,(-%*;3&8# 9,3*1# 0# D0"# )*# )('# &%7%*(# %:-);)(),*#I).'2"!'2-"* J# (,#)*7.31%# (-%# 2,'(# 6,D%&93.# 0*1# (-%&%9,&%# ,2*)6&%'%*(# '"2;,.# ,9# 2)8&0(),*B# (-%#'3)(70'%<#

$%&'%()*+",-%"#A#T,.32%#UA#VWLL eLVf

j%'()*0(),*#XA#/3'%32#,9#i,&.1#o3.(3&%'A#\,(-%*;3&8#E#6-,(,#;"#(-%#03(-,&

I*'(%01# ,9# 2,3*()*8# (-%2# 0'# )*A# 9,&# %:026.%A# (-%# 6%&20*%*(# %:-);)(),*# )*# (-%#I26%&)0.#i0&#/3'%32#h,&(-#)*#/0*7-%'(%&#0'#0#8)0*(#0&7-A#,&#6.07)*8#(-%2#)*#0#@)*1# ,9# 1),&020# 0'# 73&0(,&'# 7-,'%# )*# (-%# (,3&)*8# %:-);)(),*#$:).'* "-'()* 52.'-2()#)*#i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j)993',# )*#=3&)*#6&,4)1%'#0*,(-%&#%:026.%#,9# (-%#6,'');.%#%99%7('#

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

$%&'%()*+",-%"#A#T,.32%#UA#VWLL eLUf

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

>3%'(),*)*8#,9#-,D#(,#(%..#'(,&)%'#)*#0#23'%0.#'607%A#-,D#(,#%*808%#(-%#031)%*7%#0*1# -,D# (,# 7,*4%"# )*9,&20(),*# ,&# @*,D.%18%<# g'# (-%# 9%D# %:026.%'# (-0(# D%&%#0*0."'%1# -%&%# )*1)70(%A# (-%'%# >3%'(),*'# ,9(%*# &%4,.4%# 0&,3*1# (-%# &,.%# (,# ;%#0((&);3(%1#(,#,;?%7('<#b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h0(3&0.."A# ;,(-#2,1%'# 0&%# *,(# 23(30.."#%:7.3')4%# )*# 6&07()7%A# ;3(# (-%)&# 1)99%&%*7%'# 0&%# %'6%7)0.."# 4)');.%# )*# 2)8&0(),*#%:-);)(),*'<# I*1%%1A# (-%"#2)&&,&# (-%#D0"#0#23'%32#'%%'# )('# &,.%# )*# ',7)%("<#=-%#1%;0(%#,*#-,D#(,#&%6&%'%*(#2)8&0(),*#)*#(-%#23'%0.#'607%#(-3'#)26.)%'#0#7-0..%*8%#(,#(-%#D0"#23'%32'#6%&7%)4%#(-%2'%.4%'<!

60#)0;#.79.6,=);)9$G54%&",*%G#D)(-)*# (-%#23'%0.#D,&.1#'311%*."#'%%2'#(,#63(#2)8&0(),*#,*#1)'6.0"<#I*# (-%#H$A# 0&7-)4%'# 0*1#23'%32'# ?,)*(."#D,&@# 9,&# 0#2,&%# G)*7.3')4%G# 066&,07-#(,D0&1'#73.(3&0.#-%&)(08%d#)*#\%&20*"A#(-%#.,70.#23'%32'#,9#-)'(,&"#)*#C&0*@93&(#0*1#J(3((80&(#0&%#;%)*8#7,26.%(%."#&%7,*7%6(30.)'%1A# (-%#'02%#066.)%'#(,#(-%#7)("#0&7-)4%#0*1#23'%32#)*#/3*)7-<#/3'%32'#)*#J70*1)*04)0A#)*#(-%#!0.@0*'#0*1#)*#\&%%7%# 0&%# 0.',# (3&*)*8# (-%)&# 0((%*(),*# (,D0&1'# 2,;).)("<#i-0(# 0&%# (-%# &%0',*'#;%-)*1# (-)'# 6-%*,2%*,*^# g&%# (-%"# ?3'(# 6&0820()7^# I'# )(# (-%# '%0&7-# 9,&# *%D#93*1)*8#,&#9,&#7,,6%&0(),*#(-0(#)'#.%01)*8#23'%32'#(,#9,73'#,*#2)8&0(),*^#b&#)'#(-%#0)2#(,#0((&07(#*%DA#')8*)9)70*(."#",3*8%&#0*1#2,&%#1)4%&'%#031)%*7%'^#g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

$%&'%()*+",-%"#A#T,.32%#UA#VWLL eLmf

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g+#,3(.)*%1<#=-)'#2%0*'#(-0(#23'%32'#2)8-(#;%#0'@%1#(,#7,*4%&(#(-%#)26.)7)(#D,&.14)%D# (-0(# ;,(-# )('# )*'()(3(),*0.# (&01)(),*'# 0*1# (-%# 7,..%7(),*'# '(0*1#9,&#)*(,#0*#%:6.)7)(#6,.)()70.#6,')(),*<

=-)'# 2)8-(# )26."# 0# 90&%D%..# (,# (-%# 3'30.# 6&,7%''%'# ,9# P1)'',7)0(),*A#7.0'')9)70(),*A# '(,&08%A# 07>3)')(),*# ,9# 2%0*)*8Q# KY)17-)# VWWcB# MlN# (-0(# D%&%#(&01)(),*0.."# 066.)%1# (,# (-)*8'# ,*# (-%)&# D0"# )*(,# (-%# 23'%32<# =-%# )*)()0.##2..-32!'2-"#,9#(-)*8'#3'30.."#2%0*(#%)(-%&#'60()0.#,&#(%26,&0.#1)'(0*7%#9&,2#(-%)&#,&)8)*'<#_%(# *%)(-%&# ()2%#*,&# '607%# '%60&0(%'#2)8&0(),*# 0*1# )('# ,;?%7('# 9&,2# (-%#53&,6%0*# &%0.)("# )*#VWLL<#t3)(%# (,# (-%#7,*(&0&"A# (-%#%:-);)(),*'#6&%'%*(%1#0;,4%#&%9.%7(# -,D# (-%# 23'%0.# '607%# ,6%*'# 36# (,# 73&&%*(# 6,.)()70.# 1%;0(%'# (-0(# 0&%#0*"(-)*8# ;3(# P1)'',7)0(%1QB# C)&'(."A# %:-);)(),*'# -04%# ,9(%*# 93*7(),*%1# 0'#0*#P,3(6,'(#)*#(-%#40'(#.0*1#,9#%:%26.)9)70(),*Q#K!%*?02)*#LMlWB#kVn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

$%&'%()*+",-%"#A#T,.32%#UA#VWLL eLkf

7,*7%6(# ,9# (&0*'*0(),*0.)'2# )'# '.,D."# ;3(# '3&%."# ;%)*8# )*7,&6,&0(%1# )*(,#%:-);)(),*'B#P53&,6%0**%''Q#Kj%.0*("#VWWkd#!%7@#`#\&0*1%#VWWnN<

@,9'40#7,9\%*%&0(%1# ;,(-# 9&,2# D)(-)*# 0*1# 9&,2# 1)'7,3&'%'# ,3(')1%# (-%# 23'%0.# 9)%.1A#%:-);)(),*'# ,*# 2)8&0(),*# >3%'(),*# *,(),*'# ,9# ,;?%7()4)("# ,&# ,9# 53&,6%0*#3*)4%&'0.)'2<# I*#1,)*8#',A# (-%"#'-,D#-,D#40&),3'#63;.)7#'6-%&%'#0*1#1)'7,3&'%'#)*(%&07(A#0*1#(-3'#%*7,3&08%#23'%32'#(,#6.0"#0#2,&%#7%*(&0.#&,.%#)*#(-%#,*8,)*8#'%.9F&%9.%7(),*#,9#53&,6%0*#',7)%()%'<5:-);)(),*'#,*#2)8&0(),*# (%..# '%4%&0.# '(,&)%'# 0(# ,*7%B# 9)&'(."A# 0'#D%#-04%# '%%*A#

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

(-%# 2%(0F*0&&0()4%# ,9# 23'%32'# K!0.# VWWcB# LkNB# )26.)7)(."A# (-%"# 7-0..%*8%# (-%#&%.%40*7%# ,9# (-%# *0(),*<#/,&%# '6%7)9)70.."A# ;,(-# (-%# -)'(,&)70.# )1%0# (-0(# )*)()0(%1#(-%# )*4%*(),*# ,9# (-%# 63;.)7# 23'%32# K79<# %<8<# !%**%((# LMMMN# !"## (-%# 6,.)()70.#93*102%*(#,9#53&,6%0*#)*(%8&0(),*#(,10"<#=-%"#6&,4,@%#>3%'(),*'#,9#'%((.%1*%''A#7)()O%*'-)6A#,&#7,*(%26,&0&"#8.,;0.)'0(),*#6-%*,2%*0#(-0(#0&%#%>30.."# )26.)7)(."#63(#,*#1)'6.0"<#=-%#7,*'%>3%*(#%99%7(#)'#0#;.3&&)*8A#,&#P3*FD&)()*8Q#Ka,8,99#VWWWB#UlN#,9#(-%#7,*7%6(#,9#(-%#*0(),*F'(0(%<#C)*0.."A# 2)8&0(),*# 0'# 0# 23'%0.# (,6)7# 7,*4%"'# 0# 4)%D# ,*# -,D# (-%#

)*'()(3(),*# P23'%32Q# &%.0(%'# (,# '37-# 0# 93OO"# (-)*8# 0'#2,;).)("A# 0*1# )(# .%01'# (,# 0#*32;%&# ,9# 0'6%7('# (-0(# 1%'%&4%# (-%# 0((%*(),*# ,9# ;,(-#23'%32#6&,9%''),*0.'# 0*1#&%'%0&7-%&'<C3&(-%&# &%'%0&7-# 7,3.1# 8)4%# 0# 7.%0&%&# 6)7(3&%# ,*# -,D# (-%# 23'%0.# '607%#

0..,D'# 0&(# 0*1# 73.(3&0.# -)'(,&"# (,# )*(%&07(# D)(-# ,&# (,# 7,*(&01)7(# %07-# ,(-%&#)*# 0# 6&,137()4%# D0"<# C3&(-%&2,&%A# %:-);)(),*'# ,*# 2)8&0(),*# 7,*(&);3(%# (,# 0#.0&8%&# %:(%*(# (-0*# ,(-%&# %:-);)(),*'# (,# 0# 2%(0F1)'7,3&'%# ,*# (-%# 73&&%*(# &,.%# ,9#23'%32'#)*#i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j%'6)(%#

$%&'%()*+",-%"#A#T,.32%#UA#VWLL eLcf

40&")*8# 7,*(%:('A# (-%&%# 0&%# ',2%# (&0)('# (-0(# 0&%# 7,22,*# 9,&# 20*"# %:-);)(),*'<#=-%)&# ',2%()2%'# 4%).%1A# ',2%()2%'# %:6.)7)(# 80O%# )*(,# (-%# 93(3&%# -0'# 0.D0"'#7-0&07(%&)O%1#23'%32'# E# -%&%A# )(# ;%7,2%'# %:6.)7)(<# I(# D)..# ;%# )*(%&%'()*8# (,# '%%#-,D# (-)'#D)..# 099%7(# (-%#23'%32# 0'# 0*# )*'()(3(),*# %2;%11%1# )*# 3&;0*# '607%A# )*#53&,6%A#0*1#"%(#0D0&%#,9#8.,;0.#6-%*,2%*0<

()%#$79.A,):4## )'# 7,*137()*8# 6,'(F1,7# &%'%0&7-# 0(# (-%#j%60&(2%*(# ,9#53&,6%0*#5(-*,.,8"# 0(# ]32;,.1(# H*)4%&')("# )*# !%&.)*<# J-%# 7,26.%(%1# -%&# +-j# )*#J,7)0.# g*(-&,6,.,8"[53&,6%0*# 5(-*,.,8"# )*# VWWn# ,*# %4%&"10"# 0*1# (07)(#2,1%'# ,9# 53&,6%0*)O0(),*# D)(-)*# 0*# %.)(%# 2).)%3<# J-%# )'# 73&&%*(."# D,&@)*8#,*# (-%# 6&,?%7(# K-&2'23.* -A* I2.1&!/L* >26(!'2-"M* >-,2&2'2).M* !"#* '5)* N-(#)(.*-A* O@%(-1):# 0'# 0# 60&(# ,9# (-%# ?,)*(# &%'%0&7-# 6&,?%7(# @=52,2'2"6* @%(-1)<# 5F20).B#"#$%&'()*+#,-%./0-&0$#),012#$-'()3#

###

B)C)%)9')#g;p.q'A#/0&7#KLMMVNB#P!*Q2)*R%-'2#2)"")*!%*K!(&)0)"'*)%(-18)"A#+0&)'B#]07-%((%<#!0.A#/)%@%#KVWWcNB*I-%,&)*@=1-.%().?*S5)*T%,4)3'*-A*$%&'%(!&*B"!&/.2.A#h%D#_,&@B#a,3(.%18%<#!0.);0&A# u()%**%# KVWWkNB# R53&,6%# 0'# ;,&1%&.0*1SA# $Z.*)'7-%&# $3*'(4%&%)*# 3<0<# K%1<NB# K(-4)U'*>26(!'2-"A#$Z.*B#j3/,*(A#VWVFVLm<

!03&A# s,07-)2# KVWWMNB# I2)* >%.)!&2.2)(%"6* #)(* >26(!'2-"?* @2"7!"#)(%"6.0%.))"* %"#* #2)*<".V)"2)(%"6*#)(*0%&'2U%&'%()&&)"*9!'2-"A#!)%.%9%.1B#=&0*'7&)6(<

!%7@A#H.&)7-#`#5180&#\&0*1%#KVWWnNB#R=-%#53&,6%0*#/0.0)'%#0*1#i-"#(-%#I1%0#,9#o,'2,6,.)(0*#53&,6%#o,3.1#b4%&7,2%#I(SA#$-.0-1-&2'!"*@%(-1)A#o02;&)18%B#+,.)("#+&%''A#LFVn<

!%*?02)*A#i0.(%&# KLMlWNB#Rs0-&20&@(#1%'#5''%*'SA#W).!00)&')*T35(2A')"A#T,.<#XIA#C&0*@93&(#02#/0)*B#J3-&@026A#kVnFkUV<

!%**%((A# =,*"# KLMMMNB# R=-%# 5:-);)(),*0&"# o,26.%:SA# j04)1# !,'D%..A# s%'')70# 540*'# K%1'NB#X)1().)"'2"6* '5)* 9!'2-"L* B* X)!#)(?* ;2.'-(2).M* ;)(2'!6)* !"#* >%.)%0.A# Y,*1,*B# a,3(.%18%A#UUVFUcV<

!-0;-0A#],2)#KVWWWNB#I2)*Y)(-('%"6*#)(*Z%&'%(A#=v;)*8%*B#J(0399%*;%&8<!37@%.A#J,*?0#`#s%*'#i)''%.#KVWLWNB#RJ(0(%#+&,?%7(#53&,6%B#=-%#=&0*'9,&20(),*#,9#(-%#53&,6%0*#!,&1%&#a%8)2%#0*1#(-%#+&,137(),*#,9#!0&%#Y)9%SA#<"')("!'2-"!&*K-&2'23!&*T-32-&-6/#mA#UUFmM<

o.,88A#a)7-0&1#KLMMVNB#B*$-"32.)*;2.'-(/*-A*W())3)A#o02;&)18%B#o02;&)18%#H*)4%&')("#+&%''<o,&*%&A# s02%'# KLMMMNB# R=-%# g8%*7"# ,9# /066)*8B# J6%73.0(),*A# o&)()>3%# 0*1# I*4%*(),*RA# j%*)'#o,'8&,4%#K%1<NB#>!112"6.A#Y,*1,*B#a%0@(),*#!,,@'A#VLUFVkV<

j%.0*("A#\%&0&1# KVWWkNB# R=-%# I1%0# ,9# 0# o,'2,6,.)(0*# 53&,6%B#b*# (-%# o3.(3&0.# J)8*)9)70*7%# ,9#53&,6%0*)O0(),*SA#<"')("!'2-"!&*X)Q2)7*-A*T-32-&-6/A#LkBUA#mWkFmVL<

C)%.1#h,(%'#KVWLLNB#Vk[U[VWLL<C)'7-%&FY%'70*,A# g*1&%0'# `# =)2,# =,-)1)63&# KVWWnNB# R53&,6w)'7-%'# \&%*O@,*(&,..&%8)2%<#a%7-('&0-2%*#1%&#%3&,6w)'7-%*\&%*O'7-3(O08%*(3&#Cabh=5XSA#[)2'.35(2A'* A\(*!%.&]"#2.35).*^AA)"'&235).*X)35'*%"#*Y^&U)(()35'A#cnA#LVLMFLVnc<

\&%%*A#J0&0-#KVWLWNB#R+%&9,&2)*8#!,&1%&#)*#(-%#g%8%0*SA#_-%("!&*-A*$%&'%(!&*@3-"-0/A#UBVA#VcLFVnl<

\&)..,A# a0.6-# KVWWnNB# R!%(D):(# 0*1# !%(D%%*B# =&0?%7(,&)%'# 0*1# +&,?%7('# ,9# =&0*'2)8&0(),*SA#

$%&'%()*+",-%"#A#T,.32%#UA#VWLL eLnf

_-%("!&*-A*@'5"23*!"#*>26(!'2-"*T'%#2).A#UUBVA#LMMFVLn<]%''A#J0;)*%#KVWWkNB#W&-,!&2.2)(')*;!%.!(,)2'L*B%F1!2(.*!&.*>26(!'2-"..'(!')62)*Q-"*`(!%)"*!%.*a.')%(-1!A#i)%';01%*B#TJ#T%&.08#9v&#J,O)0.D)''%*'7-09(%*<#

s07,;'A# C&0*@# KVWWlNB#T'(!"6)*>!1.L* B"* B'&!.* -A* $!('-6(!1523*$%(2-.2'2).A# h%D#_,&@B#T)@)*8#J(31),'<

s,;0&1A# b.)4)%&# `# C.,&0*7%# J0*8.)%&# KVWWcNB# Z2"6.&)/?* $!(")'* #)* (-%')* #:%"* 20026(!"'*3&!"#).'2")A#+0&)'B#/0&40.<

$,&99A#\,((9&)%1#`#/0&()*#a,(-#KLMMWNB#R5)*.%)(3*8R#A#$,&99A#\,((9&)%1#`#/0&()*#a,(-#K%1'NB#I!.*52.'-(2.35)*>%.)%0?*P!,-(M*T35!%,\5")M*<#)"'2']'.A!,(2UA#C&0*@93&(#02#/0)*B#o0263'A#MFUn<

$,&99A#\,((9&)%1#KVWWkNB#R!%(Z&3*8#13&7-#a%9.%:),*A#J%7-'#32#5:@3&'%#%&8w*O(%#!%2%&@3*8%*#O3&#%6)'(%2)'7-%*#g*,&1*3*8#4,*#j)*8%*SA#(%#]%%'%*A#g*@%#`#+%(&0#Y3(O#K%1'NA#I2"67)&')"?*I!.*>%.)%0*!&.*@(U)""'"2.-('A#$Z.*[i%)20&[i)%*B#!Z-.03#T%&.08A#lMFLWn<

Y03;%A#Y%*0#KVWLWNB#Ri,-)*#2)(#1%&#\&%*O%^#j)%#&w32.)7-%#C.%:);).)')%&3*8#4,*#\&%*O@,*(&,..%#)*#4%&8.%)7-%*1%&#+%&'6%@()4%SA#S(!"T'!')*b-(U2"6*K!1)(.A#LLV<

Y03(-#!070'A#s3((0#KVWLWNB#Rh,#J09%#]04%*B#=-%#a%7%6(),*#,9#I&&%83.0&#!,0(#/)8&0*('#)*#\&%%7%SA#@'5"-&-62!*N!&U!"23!#LmBVA#LmnFLcl<

Y%88%D)%A# o.03'# KVWLLNB# I)(* Z!01A* %0* #2)* )%(-1]2.35)* @(2"")(%"6?* @2"* T35&!35'A)&#* 72(*,).235'26'A#/v*7-%*B#o<#]<#!%7@<#

Y%)8-# J(0&A# J3'0*# `# s02%'# a<# \&)%'%2%&# KLMlMNB# RI*'()(3(),*0.# 57,.,8"A# P=&0*'.0(),*'Q# 0*1#!,3*10&"#b;?%7('B#g20(%3&'#0*1#+&,9%''),*0.'#)*#!%&@%.%"Q'#/3'%32#,9#T%&(%;&0(%#x,,.,8"A#LMWnFUMSA#T-32!&*T'%#2).*-A*T32)"3)#LMBUA#UlnFmVW<

Y%*OA#a02,*0#KVWLWNB#>-,2&2']')"*2"*@%(-1!?*>26(!'2-"*%"#*S-%(2.0%.*!%A*Z()'!*%"#*[/1)("*20*Z-"')='*#).*)%(-1]2.35)"*W()"V()620).A#i)%';01%*B#TJ#T%&.08#9v&#J,O)0.D)''%*'7-09(%*<

Y)17-)A# ]%*&)%((0# KVWWcNB# Ro3.(3&%# 0*1# o,*'(&0)*('B# C3&(-%&# =-,38-('# ,*# 5(-*,8&06-"# 0*1#5:-);)()*8SA#<"')("!'2-"!&*_-%("!&*-A*;)(2'!6)*T'%#2).A#LVBLA#MUFLLm<#

/%&)70#KVWLLNB*-((6B[[DDD<23O%?F&)?%@0<-&[2%&)@0[%:-);)(),*F1%')8*<-(2.#K077%''%1#Vk[Wl[LLN<#/I\/g+#KVWLLNB#-((6B[[DDD<(&0*')(2)8&0(),*<,&8[2)8206[#K077%''%1#Vk[Wl[LLN<+,%-.'A# $%&'()*# KVWWMNB# @%(-1!* ,!3U.'!6)?* @=1)(')"72..)"M* ;!,2'%.* %"#* U%&'%()&&)* $-#).* 20*>!35'A)&#*#)(*@+?*X)25)*Z%&'%(*%"#*.-V2!&)*K(!=2.A#!)%.%9%.1B#=&0*'7&)6(#T%&.08<

+,%-.'A# $%&'()*# KVWLWNB# Rx%)8%D%&@%# 1%'# x%)(8%)'(%'<# /)8&0(),*A# %)*# P;,3*10&"# ,;?%7(Q# )2#/3'%32SA#[)2'.35(2A'*A\(*Y-&U.U%"#)A#LWcBVA#VVkFVmc<

a-%)*;%&8%&A#]0*'FsZ&8# KVWWc# eVWWLfNB#@=1)(20)"'!&./.')0)* %"#* )12.')02.35)*I2"6)A# C&0*@93&(#02#/0)*B#J3-&@026#T%&.08<#

a,8,99A#I&)(#KVWWWNB#S)((!*<"A2(0!?*W)-6(!15/:.*Y2.%!&*$%&'%()A#h%D#_,&@B#a,3(.%18%<aZ2-).1A#a%8)*0#KVWWnNB#Rg.(%#=&w32%A#*%3%#+&0@()@%*<#/)8&0(),*#3*1#$,'2,6,.)()'23'#0*#1%*#aw*1%&*#53&,60'SA#=aghJI=#/I\ag=Ibh#C,&'7-3*8'8&366%#K%1<NB#S%(,%&)"')*X]"#)(?*9)%)*K)(.1)U'2Q)"*!%A*>26(!'2-"*!"*#)"*W()"V)"*@%(-1!.A#!)%.%9%.1B#=&0*'7&)6(#T%&.08A#VLLFVVl<

J7-)..%&A# h)*0# \.)7@# `# g"'%# r0.0&# KVWWMNB# R=,D0&1'# 0# o,260&0()4%# =-%,&"# ,9# Y,70.)("# )*#/)8&0(),*# J(31)%'B#/)8&0*(# I*7,&6,&0(),*# 0*1# o)("# J70.%SA# _-%("!&* -A* @'5"23* !"#*>26(!'2-"*T'%#2).A#UkBVA#LnnFVWV<#

J7-.Z8%.A# $0&.# KVWWcNB# Ri%.(;).1%&A# $0&(%*;).1%&B# 5)*%# 0*1%&%# P+-w*,2%*,.,8)%# 1%'# \%)'(%'QSA#);)1<B#<0*X!%0)*&).)"*72(*#2)*[)2'?*c,)(*[2Q2&2.!'2-".6).35235')*%"#*W)-1-&2'2UA#C&0*@93&(#02#/0)*B#C)'7-%&A#LmlFLkU<

J-,&%A#o&)'# KVWWWNB#N%2&#2"6*@%(-1)L*S5)*$%&'%(!&*K-&2'23.*-A*@%(-1)!"* <"')6(!'2-"A#Y,*1,*#`#h%D#_,&@B#a,3(.%18%<#

J6)..20**A#+%(%&#KVWWnNB#RJ(&0(%8)%*#1%'#/066)*8'SA#=aghJI=#/I\ag=Ibh#C,&'7-3*8'8&366%#K%1<NB#S%(,%&)"')*X]"#)(?*9)%)*K)(.1)U'2Q)"*!%A*>26(!'2-"*!"*#)"*W()"V)"*@%(-1!.A#!)%.%9%.1B#=&0*'7&)6(A#LkkFLcl<

=&07%'#9&,2#Y%'4,'#(-&,38-#53&,6%#KVWLWNB#,&&*45567#0)(#&5789858:59;5*<=<('1-<%&1=++312>#5#K077%''%1#LU[WM[LWN<

=aghJI=#/I\ag=Ibh#C,&'7-3*8'8&366%#KVWWnN#K%1<NB#S%(,%&)"')*X]"#)(?*9)%)*K)(.1)U'2Q)"*!%A*>26(!'2-"*!"*#)"*W()"V)"*@%(-1!.A#!)%.%9%.1B#=&0*'7&)6(#T%&.08<

=&,26%((%A# +0'70.%# `# j,2)*)>3%# T)*7@# KVWWMNB# Ra%4)')()*8# (-%# *,(),*# ,9# !,3*10&"# b;?%7(SA#X)Q%)*#d!"'5(-1-&-62)*#).*3-""!2..!"3).A#UBLA#UFVk<

H&&"A# s,-*# KVWWlNB# R/,4)*8# ,*# (,# (-%# /,;).)("# =3&*SA# o0*O.%&A# i%%&(A# T)*7%*(# $03920**# `#

$%&'%()*+",-%"#A#T,.32%#UA#VWLL eLlf

J4%*#$%''%.&)*8# K%1'NB#S(!32"6*>-,2&2'2).L* S-7!(#.* !* $-.0-1-&2'!"* K)(.1)3'2Q)A# g.1%&'-,(B#g'-80(%A#LUFUk<

i%&;*%&A#+*)*0# KLMMnNB# RI*(&,137(),*B#=-%#j)0.%7()7'#,9#o3.(3&0.#]";&)1)("SA#i%&;*%&A#+*)*0#`#=0&)>#/,1,,1#K%1'NB#I),!'2"6*$%&'%(!&*;/,(2#2'/A#Y,*1,*B#x%1#!,,@'A#LFVc<#

$%&'%()*+",-%"#A#T,.32%#UA#VWLL eLlf