%#%#FI<;F IJSCHAIL>CMNLC<ONCHACHJLCHNIL?F?=NLIHC=@ILGMQCNBIONQLCNN?HJ?LGCMMCIHI@%#%#FI<;F CMJLIBC<CN?>

#7KIAD6E A9@;F;H7 *A4AF;5E 7H7>AB?7@F3> *A4AF;5E ?4A6;?7@F +K?4A> DAG@6;@9 +K?4A> *7>3F;A@E:;BE  # 0B?ALIOH>CHAI@MSG<IFMC ? NB?JLI=?MM<S QBC=BMSG<IFMMO=B;MQIL>M;L?FCHE?>NI NB?;A?HNjMIQHM?G;HNC=L?JL?M?HN;NCIHI@NB? QILF>CM;HCMMO?I@=LO=C;FCGJILN;H=?NINB? @C?F>I@=IAHCNCP?M=C?H=?L;ACHA@LIGJBCFIMI JBS;H>M?GCINC=MNI;LNC@C=C;FCHN?FFCA?H=?;H> NI=IAHCNCP?LI<INC=M "IL?R;GJF?CH=IAHCNCP? ;H>>?P?FIJG?HN;FLI<INC=MCHNB?F;MN>?=;>?M NB?L?B;M<??H;NL?G?H>IOMCH=L?;M?CHH?Q GI>?FMI@NB??PIFONCIHI@=IGGOHC=;NCIH;H> NB? >?P?FIJG?HN;F ;=KOCMCNCIH I@ F;HAO;A?  0B?M?GI>?FM>CL?=NFSL?A;L>NB?CMMO?I@MSG <IFALIOH>CHAMCH=?LI<INC=;A?HNM;L?NL;CH?> 1.65-104%0(2)0 ,%..)0+)4*135,):/&1. 3160(-0+31&.)/ @97>A3@97>AE;-@;H7DE;FKA8(>K?AGF:-#

NIOM?MSG<IFMNB;NI@N?HL?@?LNI?HNCNC?M;H> MN;N?MCHNB?LI<INjMIQHQILF>

%HNB?FCN?L;NOL?IH;LNC@C=C;FCHN?FFCA?H=? =IAHCNCP?M=C?H=?;H>JBCFIMIJBSNB?L?B;M<??H ?RN?HMCP?>CM=OMMCIHIHNB?MSG<IFALIOH>CHA JLI<F?G  C@@?L?HN PC?QM IH NB? CGJILN;H=? I@NB?MSG<IFALIOH>CHAB;P?<??HJLIJIM?>  +HIH??RNL?G?Q?@CH>NB?MI=;FF?>gMSG <IFC=h ;JJLI;=B?M NB;N JL;=NC=;FFS CAHIL? NB? =IAHCNCP?MCAHC@C=;H=?I@MO=B;HCMMO?"I>IL

 BIGMES   0BCM CM NB? =;M? I@ =F;MMC=;F#+"%#II>+F>";MBCIHLNC@C=C;F %HN?FFCA?H=? ;JJLI;=B?M <;M?> IH MSG<IFC= G?NBI>MMO=B;MFIAC=QB?L?NB?G?;HCHAIL; FCHAOCMNC=MSG<IFQIL>CMMCGJFSL?JL?M?HN?> <S;HINB?LMSG<IFG?;HCHAQCNBIONB;PCHA NI >?;F I@ BIQ G?;HCHAM B;P? @ILG?> ;H> B;P?<??H;MMI=C;N?> NIQIL>M +H NB?INB?L B;H>H?Qg?G<I>C?>h;JJLI;=B?M NI=IAHC +%  CDMMM 

%#%#FI<;F IJSCHAIL>CMNLC<ONCHACHJLCHNIL?F?=NLIHC=@ILGMQCNBIONQLCNN?HJ?LGCMMCIHI@%#%#FI<;F CMJLIBC<CN?>

NCIH;=EHIQF?>A?NB?CGJILN;H=?I@ALIOH>CHA MSG<IFM NBLIOAB NB?;A?HNjM CHN?L;=NCIHQCNB NB??HPCLIHG?HN $IQ?P?L?P?HCHNBCM@C?F> NB?L?B;P?<??HMOAA?MNCIHMNB;NNB?JLI<F?G B;MJL;=NC=;FFS<??HMIFP?>/N??FM NBOM ;JJ?;LCHANIMOAA?MNNB;NNB?MSG<IFALIOH>CHA JLI<F?GCMHINCGJILN;HN;HSGIL?

%HNBCMN;LA?N;LNC=F?%;GAICHANIMOAA?MN ;>C@@?L?HN;H;FSMCMI@NB?=OLL?HNJLIAL?MMIH MSG<IFALIOH>CHACH>?HNC@SMJ?=C@C=;FFSQBC=B ;MJ?=NMI@NB?JLI<F?GB;P?<??H;FL?;>S;> >L?MM?> ;H>QBC=B INB?L CMMO?M MNCFF L?KOCL? CHP?MNCA;NCIH 0BCM;H;FSMCMQCFFCHCNC;N?;>?<;N? ;H>MIFC=CN=IGG?HN;LC?M@LIG?RJ?LNMCHNB? @C?F>NIA;NB?L=IHM?HMOMIH;=NO;FJLIAL?MM ;=BC?P?G?HNM;H>IJ?H=B;FF?HA?MCHNB?MSG<IF ALIOH>CHAJLI<F?G

I ;MM?MM <?NN?L NB? =OLL?HN MN;N? I@ NB? ;LNIHNB?/SG<IF#LIOH>,LI<F?G%QCFFOM? NB?>?@CHCNCIH;H>>CM=OMMCIHI@ NB?JLI<F?G ILCACH;FFS ACP?H <S /N?P;H $;LH;> CH BCM M?GCH;F  ;LNC=F? g0B? /SG<IF #LIOH> CHA,LI<F?Gh $?L?$;LH;>?RJF;CHMNB;NNB? MSG<IFALIOH>CHAJLI<F?GL?@?LMNINB?=;J; <CFCNSI@H;NOL;F;H>;LNC@C=C;F=IAHCNCP?;A?HNM NI;=KOCL?;H ;@FD;@E;5 >;@= 3GFA@A?AGEQ? QIOF>M;SCHHIQ;>;SMLI<INC=MN?LGCHIFIAS <?NQ??HCHN?LH;FMSG<IFC=L?JL?M?HN;NCIHM;H> MIG?L?@?L?HNMCHNB??RN?LH;FQIL>ILCHN?LH;F MN;N?M %H;>>CNCIH$;LH;>?RJFC=CNFSJLIJIM?M ;>?@CHCNCIHI@;MSG<IFNB;NL?KOCL?MNB??RCM N?H=?I@FIAC=;FFCHEM? A MSHN;=NC=<?NQ??H NB?MSG<IFMNB?GM?FP?M %N CMNB;HEMNINB?M? CHN?L	MSG<IFFCHEMCNM;MMI=C;N?>MSG<IFG; HCJOF;NCIHJLI=?MM?M;H>NB?MSG<IFALIOH>CHA NL;HM@?LG?=B;HCMG;HA?FIMC.CA;  NB;N;MSG<IFC=MSMN?GFCE?BOG;HF;HAO;A? =;H ?RCMN  0B? MSG<IF	MSG<IF FCHE CM NB? G;CHJLIJ?LNSNB;N>C@@?L?HNC;N?M;L?;FEK?4A> @LIG;H;@67J;MCH,?CL=?jMM?GCINC=M 0B?M? MSG<IFC=? A MSHN;=NC=FCHEM;FMIMOJJILNNB? JB?HIG?H;I@JLI>O=NCPCNS;H>A?H?L;NCPCNSCH F;HAO;A?;H>=IHNLC<ON?NINB?ALIOH>CHAI@ ;<MNL;=N=IH=?JNM;H>MSG<IFM;LM;FIO   "CH;FFS;HCGJILN;HN=IGJIH?HNI@NB?MSG<IF ALIOH>CHAJLI<F?G CM NB?MI=C;F;H>=OFNOL;F >CG?HMCIHNB;NCMNB?LIF?I@MI=C;FCHN?L;=NCIH CHNB?MB;LCHAI@MSG<IFMNB??RN?LH;FMI=C;F MSG<IFALIOH>CHAJLI<F?G;M CH;HA?FIMC  2IAN 2IAN CPCH; 

IMOGG;LCM?Q?=;HM;SNB;NNB?L?;L? F:D77 EG4	BDA4>7?E CH NB? >?P?FIJG?HN I@ ; ALIOH>?>MSG<IFMSMN?G C $IQ=;H;=IAHCNCP?;A?HN;ONIHIGIOMFS >;@=EK?4A>EFAD787D7@FECHNB?QILF>MO=B ;MI<D?=NM?P?HNM;H>CHN?LH;F;H>?RN?LH;F MN;N?M CC$IQ =;H ;H ;A?HN ;ONIHIGIOMFS =L?;N? ;M?NI@EK?4A>	EK?4A>D7>3F;A@E:;BE;H> NB?;MMI=C;N?>NL;HMCNCIH@LIG;HCH>?RC=;F MSMN?GNI;JLIJ?LMSG<IFMSMN?G CCC$IQ=;H;MI=C?NSI@;A?HNM;ONIHIGIOMFS >?P?FIJ;E:3D76E7FA8EK?4A>E

B?H Q? FIIE ;N NB? =OLL?HN =IAHCNCP? ;A?HNGI>?FMI@F;HAO;A?F?;LHCHA;HA?FIMC ,;LCMC 3;AH?L?N;F  (SIH?N;F   %<?FC?P?NB;NGO=BJLIAL?MMB;M<??H ;=BC?P?> CH NB? @CLMN ;H> NBCL> MO<	JLI<F?GM CH>CPC>O;F;H>MI=C;FALIOH>CHAI@MSG<IFM QBCFMN%<?FC?P?NB;N@ILNB?M?=IH>MO<	JLI<F?G ;ONIHIGIOM=L?;NCHAI@MSG<IF	MSG<IFL?F; NCIHMBCJMGO=BMNCFFH??>MNI<?>IH? %NB?L?@IL? ;AL??QCNB/N??FM NB;NGO=BB;M<??H >IH?IHNB?LI<INC=;H>=IAHCNCP?GI>?FFCHAI@ NB?MSG<IFALIOH>CHAJLI<F?G<ONIHFSQB?H Q?=IHMC>?LNB?NQIMO<	JLI<F?GMC;H>CCC gQ?HIQOH>?LMN;H>?HIOABNI=L?;N??RJ?LC G?HNMCHQBC=BALIOJMI@;A?HNMM?F@	ILA;HCT? MSG<IFC= MSMN?GM NB;N ;L? ALIOH>?> CH NB?CL CHN?L;=NCIHMQCNBNB?QILF>;H>INB?LMh/N??FM  J 

"IL?R;GJF?QB?HQ?=IHMC>?LNB?Q?FF EHIQHg0;FECHA$?;>MhGI>?FI@NB??G?LA?H=? I@ =IGGOHC=;NCIH CH LI<INC= ;A?HNM /N??FM

 ';JF;H  /N??FM   Q? B;P? ; >?GIHMNL;NCIHNB;N?;=BCH>CPC>O;FLI<IN=;H ;ONIHIGIOMFS =L?;N? =;N?AILC=;F L?JL?M?HN; NCIHMI@NB?QILF>;QBCN?<I;L>QCNB;P;LC;<F? =IG<CH;NCIH I@ =IFIOL?> MB;J?M  1MCHA NB? N?=BHCKO?I@>CM=LCGCH;NCIHNL??M?;=B;A?HN =L?;N?M=;N?AILC?M>?@CH?><SMJ?=C@C=J;NN?LM I@<IOH>;LC?MI@=IFILMB;J?;H>MJ;NC;FP;F O?M  %H ;>>CNCIH NB?M? J?L=?JNO;F =;N?AILC?M <?=IG?;MMI=C;N?>QCNBQIL>MNB;NNB?;A?HNM " " # !"$!"!  # $  IJSLCABNa

%#%#FI<;F IJSCHAIL>CMNLC<ONCHACHJLCHNIL?F?=NLIHC=@ILGMQCNBIONQLCNN?HJ?LGCMMCIHI@%#%#FI<;F CMJLIBC<CN?>

OM?NI=IGGOHC=;N?QCNB?;=BINB?LCHgF;H AO;A? A;G?Mh /N??FM    0B;N CM NB?M? =;N?AILC?M =IHMNCNON? NB? CHN?LH;F G?;HCHAM I@ NB? ;A?HNjM =IGGOHC=;NCIH F?RC=IH 3B;N CM=LO=C;FCHNBCMGI>?FCMNB;NNB?;MMI=C;NCIH I@;MJ?=C@C=J?L=?JNO;F=;N?AILSQCNB;QIL> CMG?>C;N?><SNB?MI=C;FCHN?L;=NCIHQCNBNB? INB?L;A?HNM 0BCMNB?L?@IL?F?;>MNINB?=OFNOL;F ?PIFONCIHI@;MB;L?>M?NI@QIL>MMSG<IFM  /O=B;GI>?FFCHA;JJLI;=BB;M<??H?RN?H>?> NIBOG;H	LI<IN=IGGOHC=;NCIHMSMN?GMMO=B ;M@ILNB?NL;CHCHAI@NB?%+J?N>IANIH;G? I<D?=NM';JF;H/N??FM 

%H;GOFNC	;A?HNGI>?FI@NB??PIFONCIH ;LS ?G?LA?H=? I@ =IGGOHC=;NCIH MCGCF;L G?=B;HCMGM @IL NB? ALIOH>CHA I@ MB;L?> F?RC=IHMB;P?<??HONCFCM?>;HA?FIMC   /CGOF;N?>=IAHCNCP?;A?HNMFCP?CH; QILF> NI J?L@ILG @IL;ACHA N;MEM ;H> F?;LH NI >C@ @?L?HNC;N? <?NQ??H ?>C<F? GOMBLIIGM NB;N QB?H?;N?HCH=L?;M?NB?=B;H=?MI@MOLPCP;F ;H>L?JLI>O=NCIH;H>NI;>MNIIFMQBC=B=;OM? ;>?=L?;M?I@@CNH?MM A?HNM;ONIHIGIOMFS F?;LHNI=;N?AILCT?@II>MCH?>C<F?;H>CH?>C<F? =;N?AILC?MNBLIOABNB?CLIQHH?OL;FH?NQILE NB;N=IHNLIFMNB?;A?HNjMJ?L=?JNO;F;H>GI NILMSMN?G %H;>>CNCIH;M;A?HNM;L?;FFIQ?> NI =IGGOHC=;N?QCNB ?;=B	INB?L NBCM =;OM? NB? AL;>O;F ?PIFONCIH I@ ; MB;L?> F?RC=IH  0B?;=NCP;NCIHJ;NN?LHMCHNB?;A?HNMjH?OL;F H?NQILEBC>>?HOHCNM=IHMNCNON?NB?>CMNLC< ON?> M?G;HNC= L?JL?M?HN;NCIHM I@ NB? @II> =;N?AILC?M;H>;NNB?M;G?NCG?NB?SMOJJILN NB?FCHAOCMNC==IGJL?B?HMCIH;H>JLI>O=NCIH =;J;<CFCNSI@NB?;A?HNM %H@;=N;H;FSM?MI@ NB? ;A?HNjM CHN?LH;F L?JL?M?HN;NCIHM MOAA?MN NB;N NB? ?PIFONCIH;LS JL?MMOL? NI ?PIFP? ; MB;L?>F?RC=IHCM?RJF;CH?><SNB?=;N?AILC=;F J?L=?JNCIH?@@?=NMI@NB?M?L?JL?M?HN;NCIHM

B?;<IP??R;GJF?M;L?IHFSMIG?I@NB? HOG?LIOM=IAHCNCP?;A?HNM;H>LI<INC=MGI>?FM I@NB??PIFONCIH;H>;=KOCMCNCIHI@F;HAO;A? NB;NB;P?>?GIHMNL;N?> NB?G?=B;HCMGM @IL NB? ;ONIHIGIOM ALIOH>CHA I@ MSG<IFM ;H> NB??G?LA?H=?I@MB;L?>F?RC=IHM(IOF;?N;F   );LI==I?N;F CHJL?MM.IS 2IAN  2IAN CPCH;  NNB?M;G?NCG? ;M/N??FM;FMI;=EHIQF?>A?MCNCM;FMINLO?NB;N Q?>IHINS?NB;P?;@OFFOH>?LMN;H>CHAI@;FF NB?G?=B;HCMGMCHALIOH>CHAMO=B;MIHNB? H;NOL?LIF?;H>G;ECHAI@CHN?LH;FMSG<IFC= L?JL?M?HN;NCIHM

M@ILNB?MO<	JLI<F?GCCC ? NB?NL;HMC NCIH@LIG;=IGGOHC=;NCIHMSMN?GM<;M?>IH CH>C=?M ? A  F;<?FM ;HCG;F =IGGOHC=;NCIH ?;LFS=BCF>F;HAO;A?F?;LHCHANINB;NI@;@OFF MSG<IFC=MSMN?G? A ;>OFNBOG;HF;HAO;A?M %<?FC?P?NB;NNB?JLI<F?GB;MHINL?;FFS<??H MIFP?>;N;FF;H>GO=BH??>MNI<?>IH?

)IMN =IGJON;NCIH;F GI>?FM I@ MSH N;=NC= F?;LHCHA ;H> ?PIFONCIH <;M?> IH NB? ALIOH>CHAJLCH=CJF?M;M>?@CH?>;<IP?B;P? IHFS FIIM?FS ;>>L?MM?> NB? CMMO? I@ NB? ;O NIHIGIOM >?P?FIJG?HN I@ MSG<IF	MSG<IF L?F;NCIHMBCJM  %H P?LS @?Q =;M?M ALIOH>?> GI>?FM I@ NB? ?PIFONCIH I@ =IGGOHC=;NCIH OM?FCGCN?>MSHN;=NC==IHMNLO=NMNB;NJ;LNC;FFS L?M?G<F?AL;GG;NC=;F=IHMNLO=NM;HA?FIMC  ;HA?FIMC?N;F   %HINB?L=;M?M LI<INC=MGI>?FMI@NB??PIFONCIHI@F;HAO;A? OM?JL?	>?@CH?>MSG<IFC=;JJLI;=B?MNIL?J L?M?HN MSG<IF	MSG<IF L?F;NCIHMBCJM ? A  <S ;MMOGCHA NB?JL?	?RCMN?H=?I@ M?G;HNC=;H> MSHN;=NC==;N?AILC?M CH NB?;A?HNjM=IAHCNCP? MSMN?G 0BCMCMBIQ?P?LCH=IHNL;MNQCNBNB? ALIOH>CHAJLCH=CJF?M;MNB?;CGI@;=IAHCNCP? ;A?HNGI>?FI@NB??PIFONCIHI@F;HAO;A?CMNI >CM=IP?LNB??PIFONCIH;LSH?OL;F;H>=IAHC NCP?G?=B;HCMGMNB;N F?;>NINB??G?LA?H=? I@MSHN;=NC=MSG<IF	MSG<IFL?JL?M?HN;NCIHM

% CHPCN? GS =IFF?;AO?M NI =IGG?HN IH NB?MN;N?I@NB?;LNIHNB?MSG<IFALIOH>CHA JLI<F?G CH =IAHCNCP? M=C?H=? ;H> LI<INC= GI>?FMI@=IGGOHC=;NCIH;H>F;HAO;A?;H> IHNB?CLPC?QIHNB?CGJILN;H=?I@NB?MSG<IF ALIOH>CHAJLI<F?G %MOAA?MN<?FIQMIG?IJ?H =B;FF?HA?M@IL@ONOL?L?M?;L=BNB;N%<?FC?P?;L? =LO=C;F@ILIOLOH>?LMN;H>CHAI@ NB?MSG<IF ALIOH>CHAJB?HIG?H;;H>%Q?F=IG?MOAA?M NCIHM@ILINB?LCGJILN;HNOHMIFP?>=B;FF?HA?M CHNBCM@C?F>

%#%#FI<;F IJSCHAIL>CMNLC<ONCHACHJLCHNIL?F?=NLIHC=@ILGMQCNBIONQLCNN?HJ?LGCMMCIHI@%#%#FI<;F CMJLIBC<CN?>

NIB;P?<??HMIFP?>;MMIG?B;P?MOA A?MN?>QBSCMCNNB;NMI@;LQ?B;P?@;CF?> ;N<OCF>CHALI<INMNB;N=;HF?;LHF;HAO;A? FCE?=BCF>L?H>I 3B;N ;L? NB? JLI=?MM?M NB;N F?;> NI NB? NL;HMCNCIH@LIGCH>?RC=;F=IGGOHC=;NCIH MSMN?GNI;@OFFMSG<IFC=MSMN?GMO=B;M F;HAO;A?%MNB?L?;=IHNCHOOG<?NQ??H CH>C=?MF;<?FM;H>MSG<IFMQIL>MILCM NB?NL;HMCNCIHKO;FCN;NCP?;H>MO>>?H3B;N EHIQH JB?HIG?H; CH F;HAO;A? ILCACHM NB?ILC?M ;H> CH >?P?FIJG?HN;F MNO>C?M MBIOF><?CH=FO>?>CH>?P?FIJG?HN;F;H> ?PIFONCIH;LSLI<INC=MGI>?FI@F;HAO;A? *INQCNBMN;H>CHA NB? CGJILN;H=? I@ NB? ALIOH>CHAJLI<F?GNB?L?;L?MNCFFP;LCIOM ;JJLI;=B?M CH NB? ;A?HNLI<IN F;HAO;A? F?;LHCHA?PIFONCIH FCN?L;NOL? NB;N JL;=NC =;FFS CAHIL? NB? JLI=?MM I@ ALIOH>CHA ;H>OM?;MSG<IFC=	IHFS;JJLI;=BNINB? >?@CHCNCIH I@ G?;HCHAM ;H> QIL>M  I NB?M?MSG<IFC=;JJLI;=B?ML?;FFSACP?;H CGJILN;HN=IHNLC<ONCIHNIIOLOH>?LMN;>CHA I@BOG;H=IAHCNCIHI@MBIOF>;FFGI>?FM I@ F;HAO;A? F?;LHCHA<?<;M?> MIF?FSIH ALIOH>CHAG?=B;HCMGM  I?M=IAHCNCP?>?P?FIJG?HNL?;FFSJF;SM ;HCGJILN;HNLIF?CHMSG<IFALIOH>CHA;H> ;=KOCMCNCIHILCMCNDOMN;H?JCJB?HIG?HIH I@HI=LO=C;FCGJILN;H=?NINB?OH>?LMN;H> CHAI@BOG;H=IAHCNCIH/IG?E?S@CH>CHAM ;H> ?RJ?LCG?HNM MBIQ NB;N CH@;HNM B;P? MNLIHA MJ?=C@C= <C;M?M NB;N ;FFIQ NB?G NI F?;LHP?LS?;MCFS F;HAO;A? H>GIMN ;NN?GJNM;N<OCF>CHALI<INMQCNBIONNB?M? <C;M?MB;P?@;CF?>MI@;LNIF?;LHL?;FCMNC=;FFS =IGJF?R=IH=?JNMM?G;HNC==;N?AILC?M %M NB?MSG<IFALIOH>CHAJLI<F?GDOMN;G;N N?LI@OMCHA;H>C>?HNC@SCHAMO=B<C;M?MCH LI<INC=MF;HAO;A?GI>?FM 3B;N ECH>I@ LI<INC= ?RJ?LCG?HNQIOF> =IHMNCNON?;L?;F<L?;ENBLIOABNI;>P;H=? NB? >?<;N? IH MSG<IF ALIOH>CHA ;H> QB;NECH>I@JLCH=CJF?;H>C>?;M;L?MNCFF OH?RJFIL?> 3B;N ;L? NB? JLIJ?LNC?M ;H> >C@@?L?H=?M I@ CHN?LH;F L?JL?M?HN;NCIHM <?SIH> <INB CH>?RC=;F ;H> MSG<IFC= MSMN?GM+L;L? L?JL?M?HN;NCIHCMMO?MHINL?;FFS=LO=C;F;M ;JOL?M?HMILCGINILGI>?FFCHA;JJLI;=B QIOF>HINL?KOCL?;HSCHN?LH;FL?JL?M?HN; NCIH=;J;<CFCNS $IQ=;HQ?GI>?FNB?ALIOH>CHAI@;< MNL;=N=IH=?JNMMO=B;M<?;ONSB;JJCH?MM ;H> NCG? +L CM NB? ALIOH>CHA ;JJLI;=B CH=IHMCMN?HNQCNBNB?MNO>SI@BCAB?L	IL>?L MSG<IFC==;J;<CFCNC?M 3B;N ;L? NB? ALIOH>CHA =IGJIH?HNM CH NB?;=KOCMCNCIH;H>OM?I@@OH=NCIHQIL>M MO=B;MP?L<JL?JIMCNCIHgNIh;MCHP?L<M gNIAIhgC@hgNB?hI@HOG<?L=IH=?JNM ILQIL>M ;H> I@GILJBIFIAS ;H> INB?L MSHN;=NC=JLIJ?LNC?M

$IQ=;HQ?GI>?FNB?ALIOH>CHAJB?HIG ?H; MNO>C?M NBLIOAB ?GJCLC=;F CHP?MNCA; NCIHMI@F;HAO;A??G<I>CG?HN;LM;FIO

;HA?FIMC   !PIFONCIHI@=IGGOHC=;NCIH ;H> F;HAO;A? OMCHA MCAH;FM MSG<IFM ;H> QIL>M  ! ,D3@E35F;A@EA@HA>GF;A@3DKA?BGF3F;A@ e >IC

%#%#FI<;F IJSCHAIL>CMNLC<ONCHACHJLCHNIL?F?=NLIHC=@ILGMQCNBIONQLCNN?HJ?LGCMMCIHI@%#%#FI<;F CMJLIBC<CN?>

=IAMSM  

 		 );LI==I  ;HA?FIMC  "CM=B?L '   ?F J;?G?0 CHJL?MM #LIOH>CHA;=NCIHQIL>MCHNB? M?HMILCGINILCHN?L;=NCIHQCNBNB?QILF>!RJ?LCG?HNM QCNB;MCGOF;N?>CO<BOG;HIC>LI<IN DA@F;7DE;@ &7GDADA4AF;5E

PIA 3;AH?L' .?AAC;&  1LC;A?L?E;& 3CFECH MIH# /   ,LIAL?MMCHNB?MCGOF;NCIHI@?G?L A?HN=IGGOHC=;NCIH;H>F;HAO;A? 63BF;H77:3H ;AD

%#%#FI<;F IJSCHAIL>CMNLC<ONCHACHJLCHNIL?F?=NLIHC=@ILGMQCNBIONQLCNN?HJ?LGCMMCIHI@%#%#FI<;F CMJLIBC<CN?>

%#%#FI<;F IJSCHAIL>CMNLC<ONCHACHJLCHNIL?F?=NLIHC=@ILGMQCNBIONQLCNN?HJ?LGCMMCIHI@%#%#FI<;F CMJLIBC<CN?>

$       +F7H3@ 3D@36 -@;H7DE;FKA8)G74753F%A@FD73>3@363 3@6-@;H7DE;FKA8+AGF:3BFA@-# #,'0B? MSG<IF ALIOH>CHAJLI<F?G CM NB? JLI<F?GI@=;OM;FFS=IHH?=NCHAMSG<IFM CHMC>? ;H ;ONIHIGIOM MSMN?G NI NB?CL L?@?L?HNMCHNB??RN?LH;FQILF>QCNBIONNB? G?>C;NCIHI@;H?RN?LH;FCHN?LJL?N?L 0B? IHFSQ;SNI;PIC>NLCPC;FCNSBIQ?P?LCMNI ?HMOL?NB;NNB?MSG<IFMCHKO?MNCIHNB?CL L?@?L?HNMCHNB?QILF>;H>NB?>SH;GC= =;J;=CNC?M I@ NB? ;ONIHIGIOM MSMN?G CHN?L;=NCHAQCNBNB?QILF>;L?HIHNLCPC;F  +NB?LQCM?;NISLI<INQCNB?R;=NFSNQI MSG<IFMeAIMNIJeCMgALIOH>?>hCH; QILF>QB?L?CNAI?MOHNCFCN<OGJMCHNI MIG?NBCHA;H>MNIJM

)4)%3',1//)05%3-)410 %0+).14->4<1.65-104%0( 2)0,%..)0+)4*135,) :/&1.3160(-0+31&.)/= )&" "LIG NB? P?LS IONM?N NB? MSG<IF ALIOH>CHAJLI<F?GeQBC=BQ;MCHMJCL?> ;H>GINCP;N?><S/?;LF?jMBCH?M?.IIG LAOG?HN e Q;M <;M?> IH NB? 0OLCHA 0?MN ;H> B?H=? IH ; MSMN?GQCNB 8G>> :G?3@	E53>7 >;@9G;EF;5 53B35;FK  /I CN CMNB?QIL>MI@;@OFF	<FIQHH;NOL;FF;H AO;A?HIN;FFI@NB?G<ONNB?IH?MNB;N =;HHIN<?ALIOH>?><S>?@CHCNCIHCHNB? INB?LMNB;NH??>NI<?=IHH?=N?>NINB?CL L?@?L?HNMCHNB?QILF> $;P?Q?MIFP?> NB;NJLI<F?G?LN;CHFSHIN *IL>IQ? B;P?;LI<INQCNB0OLCHA	M=;F?=;J;=CNC?M ?CNB?LMSG<IFC=ILM?HMILCGINILQCNBNB? @ILG?LALIOH>?>?G<I>C?>CHNB?F;N N?L  ?MCAHCHAILL?P?LM?	?HACH??LCHA;H ;ONIHIGIOMMSMN?GQCNBNBCM0OLCHA	M=;F? LI<INC=;H>FCHAOCMNC==;J;=CNS;H>NB?L? <S=;OM;FFS?RJF;CHCHACNCMNB?OFNCG;N? AI;F I@ =IAHCNCP? M=C?H=?  #LIOH>CHA BIQ?P?LCMHINNB?M;G?;MG?;HCHA@IL NB;NQ?QIOF>;FMIB;P?NIACP?;=;OM;F ?RJF;H;NCIHI@=IHM=CIOMH?MMC ? @??FCHA ;H>NB;NOHFCE?J;MMCHANB?0OLCHA0?MN CMHINDOMNB;L><ONBIJ?F?MM  

%#%#FI<;F IJSCHAIL>CMNLC<ONCHACHJLCHNIL?F?=NLIHC=@ILGMQCNBIONQLCNN?HJ?LGCMMCIHI@%#%#FI<;F CMJLIBC<CN?>

#( (,#LIOH>?>LI<INMQCNBNB?M?HMILCGI NIL;H>F?;LHCHA=;J;=CNC?MI@MO<BOG;H ;HCG;FMGCABNM?LP?;MQ;SMN;NCIHM<ON NB?ACMNI@NB?0OLCHAG?NBI>IFIASCMNI ;PIC><?CHA@IIF?><S;L<CNL;LS@L;AG?HNM I@ J?L@ILG;H=? =;J;=CNS  $OG;H F;H AO;A?JLIPC>?M;H;NOL;FNIN;FCNS 0B?L? ;L?HIJ;LNC;F F;HAO;A?M CHQBC=BSIO =;HM;SNBCM<ONHIN NB;N 3?;L?;FMI ?RNL?G?FSAII>;NgGCH>	L?;>CHAhBOG;H M?HMILCGINIL J?L@ILG;H=? =;J;=CNS @IL N?FF	N;F?MCAHMI@GCH>F?MMH?MMCNCMHIN =F?;LBIQAII>Q?;L?QCNB;HCG;FM;J;LN J?LB;JM@LIGNB?GIP?G?HNM;H>@;=C;F ?RJL?MMCIHMI@NB?BCAB?LG;GG;FM

&!'0B?L?;L?=?LN;CHN?LGMIL=IH=?JNM % B;P? HIN @IOH> ?MJ?=C;FFS OM?@OF  %N M??GMNIG?NB;NL?;FI<D?=NMJFOMCH N?LH;FIL?RN?LH;F ;H;FIAMILC=IHC= =IJC?MI@I<D?=NMMCGCF;LCHMB;J?;H> ;L<CNL;LS	MB;J?>MSG<IFMCH;@ILG;F MSG<IF MSMN?G MO=B ;M gRh ;H> gh IL NB?QIL>M CH; F;HAO;A?;J;LN@LIG NB?CL C=IHC= JLIJ?LNC?M MSMN?G;NC=;FFS CHN?LJL?N;<F?;ML?@?LLCHANII<D?=NM;L? ?HNCNC?M ?HIOAB  ,?CL=?jM gC=IHCH>?R MSG<IFhNLC;>M??GMIH?NIIG;HS ,?L B;JM;HCH>?RCMDOMN;MSG<IFCH;NIS MSG<IFMSMN?G %H;@ILG;FMSG<IFMSMN?G NB?FCHEM<?NQ??HMSG<IFM;L?MSHN;=NC= QB?L?;MNB?FCHEM<?NQ??HCHN?LH;FMSG <IFM;H>NB??RN?LH;FI<D?=NMNB;NNB?S;L? ;<ION;L?M?HMILCGINILB?H=?MIG?QB;N C=IHC= H>CH;MGO=B;MMSG<IFMCHMC>? ;0OLCHA	M=;F?LI<IN;L?FCHE?>NII<D?=N =;N?AILC?ML;NB?LNB;HNIOHCKO?IH?	NCG? IH?	JF;=?CH>CPC>O;FM;FF=;N?AILC?M;L? ;<MNL;=N<?CHA<;M?>IHNB??RNL;=NCIHI@ M?HMILCGINIL CHP;LC;HNM CH=FO>CHA I@ =IOLM?NB?=;N?AILSgMSG<IF h0B?L?MN CMDOMN;G;NN?LI@>?AL??	I@	;<MNL;=NCIH  !P?HC=IHM;L?;<MNL;=NCH;MGO=B;MNB?S ;L?H?CNB?LC>?HNC=;FHIL=I	?RN?HMCP?QCNB NB?I<D?=NMNB?SL?M?G<F? 0B?L?;L?;FMI NQIMILNMI@JLI>O=NCPCNSILA?H?L;NCPCNS MSHN;=NC=;H>M?G;HNC= 0B?@ILG?LCMDOMN @ILG;F NB? F;NN?L CM H;NOL;F F;HAO;A?jM JIQ?L NI ?RJL?MM ;HS ;H> ?P?LS NLONB P;FO?>JLIJIMCNCIH

 5?M F;HAO;A? CM @OH>;G?HN;FFS MI=C;F CHNB;NCNQIOF>H?P?LB;P?<INB?L?>NI ?PIFP?C@Q?B;><??HMIFCN;LSGIH;>M ?P?HGIH;>M<ILHG;NOL?HI>?P?FIJ G?HNDOMN=OGOF;NCP?F?;LHCHA=;J;=CNS  ON NB? HIHMI=C;F ?HPCLIHG?HN ACP?M ?HIOAB=ILL?=NCP?@??><;=E@ILOMNIF?;LH =;N?AILC?M AL??CHAIHQB;NNI=;FFNB?G CM NLCPC;F 3B;N CMHIN NLCPC;F CM NL?;NCHA MSG<IFMNLCHAM;MNLONB	P;FO?>JLIJIMC NCIHMNB;N>?M=LC<?IL>?@CH?=;N?AILC?M

%#%#FI<;F IJSCHAIL>CMNLC<ONCHACHJLCHNIL?F?=NLIHC=@ILGMQCNBIONQLCNN?HJ?LGCMMCIHI@%#%#FI<;F CMJLIBC<CN?>

"$  "  #  $G5+F77>E.D;<7-@;H7DE;F7;FDGEE7>7>9;G? 3@6+A@KA?BGF7D+5;7@57$34AD3FADKD3@57 @?QS?;LM;AI%QLIN?;J;J?L=;FF?>g0B? MSG<IFALIOH>CHAJLI<F?GB;M<??H MIFP?>  /I 3B;NjM *?RNh /N??FM   <;M?> IH ; N;FE % A;P? CH   ;N NB? P?LS CHN?L?MNCHA #;L;=BC=IQILEMBIJ IH g/SG<IFM !G<I>C G?HN;H>)?;HCHAhILA;HCT?><S);HO?F>? 2?A;LNBOL#F?H<?LA ;H>LNBOL#L;?MM?L  HA?FI ;HA?FIMC QBI BCGM?F@ B;M G;>? M?P?L;F=IHNLC<ONCIHMCHNBCM;L?;;HA?FIMC $;LH;L> L?MJIH>?>NINBCMJ;J?L=;FFCHA @IL@OLNB?L>CM=OMMCIHQCNBCHNB?>?P?FIJG?HN;F LI<INC=M=IGGOHCNS;H>%I@=IOLM?Q?F=IG? MO=B>C;FIAMQBC=B;L?;FFNIIL;L?CHIOL@C?F>  ;HA?FIMC>?=IGJIM?>NB?MSG<IFALIOH>CHA JLI<F?GCHNBL??MO<JLI<F?GM $IQ=;H; =IAHCNCP?;A?HN;ONIHIGIOMFSFCHEMSG<IFMNI L?@?L?HNMCHNB?QILF>MO=B;MI<D?=NM?P?HNM ;H>CHN?LH;F;H>?RN?LH;FMN;N?M$IQ=;H ;H;A?HN;ONIHIGIOMFS=L?;N?;M?NI@MSG<IF MSG<IFL?F;NCIHMBCJM;H>NB?;MMI=C;N?>NL;H MCNCIH @LIG ;H CH>?RC=;F MSMN?G NI ; JLIJ?L MSG<IFMSMN?G;H>$IQ=;H;MI=C?NSI@ ;A?HNM;ONIHIGIOMFS>?P?FIJ;MB;L?>M?NI@ MSG<IFM%QCFFN;E?NB?M;G?>?=IGJIMCNCIHNI ;LAO?;A;CHQBS%<?FC?P?NB?MSG<IFALIOH>CHA JLI<F?GB;M<??HMIFP?>

(?NjMMN;LNQCNB %B;M>?P?FIJ?>IP?L NB?J;MN>?=;>?;F;LA?;LL;SI@G?=B;HCMGM@IL >?;FCHAQCNBMSG<IF	MSG<IFL?F;NCIHMBCJM  %N MO@@C=?MNIIJ?HOJ;HSN?RN<IIEJ;LNC=OF;LFS CHG;=BCH?F?;LHCHA;H>SIOQCFF@CH>?@@?=NCP? ;FAILCNBGMNB;NQCFFCH>O=?MSG<IFC=L?F;NCIH MBCJM ;H> CH@?L?HNC;F MNLO=NOL?M @LIG M?NM I@ MSG<IFMOMO;FFSN?RNM<ONNB?S=;H;FMI<?GIL? @ILG;FCT?>L?JL?M?HN;NCIHMI@EHIQF?>A?;MCH NB?M?G;HNC=Q?< 0B?MO==?MMI@ NBCM<I>S I@N?=BHCKO?MCMOH>?HC;<F?QB?HSIOFIIE;N M?;L=B?HACH?MMO=B;M#IIAF?QBC=B;L??HNCL?FS <;M?>IHNB?G 0BCMJLI<F?G=;HNB?L?@IL?<? =IHMC>?L?>MIFP?>IL;NF?;MNMO@@C=C?HNFSMIFP?> NB;N;JJFC=;NCIHM=;H<?<OCFNIH;F;LA?M=;F?

B?P;FO?I@NB?JBCFIMIJBC=;F>CM=OMMCIH CHCNC;N?><S/?;LF?;H>$;LH;>Q;MNIJICHNION NB;NNB?L?CMGIL?NIMSG<IFOM;A?NB;HMSG<IF MSG<IFFCHECHACHJ;LNC=OF;LNB?L?CMJLI<F?G  $IQ=;HMSG<IFM<?ALIOH>?>CHM?HMILS GINIL?RJ?LC?H=?M /?;LF?;H>$;LH;>;L?LCABN <ON;FMINBCMKO?MNCIHQ;M;FL?;>S;>>L?MM?><S ?;LFS%MSMN?GMMO=B;M/B;E?S<OCFNCHNB? ?;LFSM?P?HNC?M<S*CFMMIH?N;F    0B? /B;E?S?RJ?LCG?HNQ;MOH@ILNOH;N?FS<OLLC?> CHN?=BHC=;FJ;J?LMQBC=BQ?L?HIN;==?MMC<F? NIHIH	?RJ?LNM;H>CNMMCAHC@C=;H=?B;MNB?L? @IL?<??HGCMM?><SJBCFIMIJB?LM /B;E?SB;> ; =IAHCNCP? ;L=BCN?=NOL? >?MCAH?> NI NLCAA?L ?G<I>C?>ALIOH>?> LI<IN<?B;PCILM NBLIOAB H;NOL;FF;HAO;A?=IGG;H>M #CP?HNB?MN;N?I@ NB?;LNCH=IGJONCHALI<INC=MPCMO;FJ?L=?J NCIH?N= NB?L?MJIHM?I@NB?LI<INQ;MMFIQ ;H>NB?=IGJF?RCNSI@QB;N=IOF><?B;H>F?> FCGCN?><ONNB?@OH>;G?HN;FJLCH=CJF?BIQNI ALIOH> MSG<IFM NBLIOAB @?;NOL? ?RNL;=NCIH M?AG?HN;NCIH J;NN?LH L?=IAHCNCIH ?N=  Q;M =F?;LFS >?GIHMNL;N?> ;H> G;HS MO<M?KO?HN ?RJ?LCG?HNMB;P?=IH@CLG?>CN

,BCFIMIJB?LM OH>IO<NFS I<D?=N NB;N CN CM NB?>?MCAH?LMNB;NN;E?=;L?I@NB?ALIOH>CHA  FNBIOABNB?LI<IN;ONIHIGIOMFS=;LLC?MION ALIOH>CHACN>I?MHIN;ONIHIGIOMFS;=KOCL?NB? =IGJ?N?H=?NI>IMI 0BCM=LCNC=CMGCMLCABN<ON %<?FC?P?NBCMJLI<F?GB;M<??HMIFP?>;MQ?FF  3B;NQ?H??>NI>ICMNIM?NOJ=IIJ?L;NCP?CH N?L;=NCIHM<?NQ??H;A?HNMCHQBC=BMSG<IFM;L? OM?@OF "IL?R;GJF?%;GCH;MNIL?;H>Q;HNNI A?N@LIGSIONB?M;F?MJ?LMIH;<LIQH0	MBCLN ;H>HINNB?QBCN?AL??HS?FFIQIL<FO?IH?  H>MOJJIM?NB;N%=;HHINJICHNNINB?0	MBCLN <?=;OM?NB?S;L?HINIH>CMJF;S 0B?HC@%B;P? ;Q;SNI=;N?AILCT?=IFILM;H>;MMI=C;N?H;G?M QCNBNB?M?=;N?AILC?M;H>SIOB;P?;Q;SNI M??QB;N=;N?AILS%G?;H;H>OM?NB;NNI@CH> NB?0	MBCLN<;=ECHNB?QILF>NB?H%=;HA?NNB? 0	MBCLN%Q;HN;H>SIO;L?B;JJS<?=;OM?SIO =;HM?FFCNNIG? /CGCF;LMCNO;NCIHM=;H<?M?N OJQCNBLI<INM@IL?R;GJF?<?=;OM?NB?SH??> NI>L;Q;NN?HNCIHNI;HI<D?=NCHNB?QILF>IL " " # !"$!"!  # $  IJSLCABNa

%#%#FI<;F IJSCHAIL>CMNLC<ONCHACHJLCHNIL?F?=NLIHC=@ILGMQCNBIONQLCNN?HJ?LGCMMCIHI@%#%#FI<;F CMJLIBC<CN?>

A?N NB? INB?L IH? NI >I ;H ;=NCIH IL CH@ILG ?;=BINB?L;<ION;H?P?HNNB;NNIIEJF;=??N=  0B?E?SJICHNCMI@=IOLM?NB;NCHNB?M??RJ?LC G?HNMH?CNB?LNB?=;N?AILCT;NCIHMI@L?;FCNSHIL NB? MSG<IFM NB?GM?FP?M MBIOF> <? MOJJFC?> <S>?MCAH?LM 0B?SMBIOF><?CHP?HN?><SNB? ;A?HNMNB?GM?FP?M H>NBCMCMJL?=CM?FSQB;N NB?F;HAO;A?A;G?M?RJ?LCG?HNM@LIGNB?@CLMN IH?L?JILN?>CH/N??FM B;P?MBIQH 0B? E?S C>?; CM NI ?MN;<FCMB ; =IOJFCHA <?NQ??H MO==?MM CH ; N;ME QB?L? =IGGOHC=;NCIH CM =LCNC=;FIL;NF?;MNOM?@OF;H>NB?ALIOH>CHA;H> FCHAOCMNC=JLI=?MM?MNB;N;L?JIN?HNC;FFS;<F?NI B;H>F?MSG<IFM

%HN?L?MNCHAFS ?HIOAB NB? MIFONCIH NI  CGJFC?M;MIFONCIHNI ,LI>O=?LM;H>CHN?L JL?N?LMGOMNH?AINC;N?;N;=CN;AL??G?HNBIQ NB?S;L?AICHANI=IH=?JNO;FCT?NB?QILF>@IL F;HAO;A?;H>BIQNB?S;L?AICHANIH;G?;H> ?RJL?MM=IH=?JNMINB?LQCM?NB?CHN?L;=NCIHQCFF HIN<?MO==?MM@OF 0B?MIFONCIH;A;CH>?GIH MNL;N?>@IL NB?@CLMN NCG?CH/N??FM <ON MCH=?NB?H;JJFC?>IH;AL;H>M=;F?CH>IT?HM I@LI<INC=?RJ?LCG?HNMCMNIGIHCNILMO==?MM CH=IGGOHC=;NCIH;H>;>;JNILMBC@N=IH=?JNM ;H>MSG<IFC==IHP?HNCIHM<;M?>IHNB;NMINB;N =IH=?JNO;F;H>MSG<IFC=CHP?HNILC?MAL;>O;FFS ;FCAH 3B?HNBCMCM>IH?MSMN?G;NC=;FFS<S;FF ;A?HNM @IL?P?LS F;HAO;A?A;G? NB?SJF;S; JLI=?MMI@M?F@	ILA;HCT;NCIHNIQ;L>M;MB;L?> MSMN?GCMM?NCHGINCIHQCNBIONNB?H??>@ILNB? CHN?LP?HNCIHI@;BOG;H>?MCAH?LNI=IIL>CH;N? MSG<IFOM? H>NBCMMIFP?MMO<JLI<F?G

B;N MBIOF> Q? >I HIQ3ILE IH NB? MJ?=C@C=MJ;LNC=OF;LFSC@SIO;L?CHN?L?MN?>CH G?HN;F >?P?FIJG?HN "IL ?R;GJF? BIQ =;H =IH=?JNMCHPIFP?>CHNB?L?JL?M?HN;NCIHI@NCG? ;LCM?;H>A?NMSG<IFCT?>;MN?HM?;H>;MJ?=N $IQ=;H;MSMN?G@IL=;N?AILCTCHA NB? LIF?M I@J;LNC=CJ;HNMCH?P?HNM;A?HNJ;NC?HN?N=  ?G?LA?3BS;H>BIQ=;HGI>;FCNSMSMN?GM NI ?RJL?MM NB? ;NNCNO>? I@ MJ?;E?LM NIQ;L>M CH@ILG;NCIH;LCM?H>MIIH )O=BQILECM F?@NNI>I<ON=B;MCHAJBCFIMIJBC=;F=BCG?L;CM HINIH?I@NB?G

 ;HA?FIMC $;LH;>/   0B?;>;JNCP? ;>P;HN;A?I@MSG<IFC=NB?@NIP?LM?HMILCGINILNICF #LIOH>CHAF;HAO;A?CHJ?L=?JNO;F=;N?AILC?M HA>G F;A@A8A??G@;53F;A@ 

$   "!   " ,A@K7>B37?7-@;H7DE;FKA8(>K?AGF:-# !P?HNBIOABNB?L?CM;Q?;FNBI@?RJ?LCG?HN;F >;N; ;P;CF;<F? IH =;N?AILCM;NCIH ;H> F?RC=IH ;=KOCMCNCIHNB?MSG<IFALIOH>CHA>CM=OMMCIH CNM?F@ F;LA?FS L?G;CHM ; @;=N	@L?? ?@@ILN  0II G;HS NB?ILC?M ;H> GI>?FM ;L? NB? L?MOFN I@ ;LG=B;CLJIH>?LCHA;H>NB?GI>?FM NB;N>I IJ?L;NCIH;FCM? ; NB?ILS OH@ILNOH;N?FS L?G;CH FCGCN?> CH M=IJ?  +H? MO=B FCGCN;NCIH CM NB? ;LNC@C=C;FH;NOL?I@NB?GI>?FMjJ?L=?JNCIH;H>CNM L?MOFNCHAMSG<IFM;HA?FIMC?N;F  2IAN   0B?M?GI>?FM;L?;CG?>;N?RJFC=;NCHANB? JLI=?MM?MOH>?LFSCHAMSG<IFALIOH>CHA;H>;M MO=BCNQIOF>;JJ?;LDOMNC@C?>NIN;E?;LNC@C=C;F J?L=?JNO;FCHJON 0B?CLP;FO?CH>??>FC?MCHNB?CL CFFOMNL;NCP?H;NOL?<ONMCH=?NB?SOM?;LNC@C=C;F ?HPCLIHG?HNM NB?S F;=E?GJCLC=;FJIQ?L;H> ;L?I@N?HIHFS;JJL?=C;N?><SM=BIF;LM@;GCFC;L QCNB <INB =IGJON;NCIH;F GI>?FFCHA ;H> NB? MSG<IFALIOH>CHA>CM=OMMCIH 0BCMCMNIMIG? ?RN?HNL?G?>C?><SN;ECHAHIH	;LNC@C=C;FCHJON NIMNO>SMSG<IFALIOH>CHA/?;<L;(IJ?M B;OB;H  3BCF?MO=BMNO>C?MCFFOMNL;N? " " # !"$!"!  # $  IJSLCABNa

%#%#FI<;F IJSCHAIL>CMNLC<ONCHACHJLCHNIL?F?=NLIHC=@ILGMQCNBIONQLCNN?HJ?LGCMMCIHI@%#%#FI<;F CMJLIBC<CN?>

MCGCF;LJB?HIG?H;;M@ILG?LGI>?FMNB?S>I F?;>NIH?QCHMCABNM@IL?R;GJF?BIQ;=OFNOL;F =IGJIH?HNCHMSG<IFALIOH>CHA=;H?RJF;CHNB? OHCP?LM;FH;NOL?I@=?LN;CH=;N?AILC?M?FJ;?G?  F?SM   /N??FM  ?FJ;?G?    $IQ?P?LNB?S;L?;A;CHJ?LB;JMFCGCN?>NBCM NCG?<S<?CHA=IHMNL;CH?>NI;MCHAF?;H>I@N?H MCGJF?>IG;CH

B?H?RNJOMBCHIJ?L;NCIH;FCMCHAMSG<IF ALIOH>CHAH??>MNI<?CH?P?LCH=L?;MCHA;H> GIL? L?;FCMNC= M?HMILCGINIL CHJON ;H> FIIE CHA;NBIQNB?MI=C;FQILF>MOJJILNMMSG<IF ALIOH>CHA?FJ;?G?IQF?S);= ILG;H   0B?@CLMNCMNIMIG??RN?HN;C>?><SNB? ;P;CF;<CFCNSI@<?NN?LLI<INC=B;L>Q;L?MO=B;M NB?BOG;HIC>CO<LI<IN $IQ?P?L;LNC@C=C;F J?L=?JNCIHCM;@N?LB;F@;=?HNOLSI@=IH=?LN?> ?@@ILNMNCFFHINMO@@C=C?HNFS>?P?FIJ?>NI<LCHA MSG<IFALIOH>CHANI<?;LOJIH=IAHCNCP?MSM N?GML?M?;L=B

NNB?M;G?NCG?;MQCNBG;HSM=C?HNC@C= MNO>C?MNB?MSG<IFALIOH>CHA>CM=OMMCIHB;M HIN <??H ;C>?> <S NB? NII H;LLIQ @I=OM IH ?G<I>CG?HNQ?L?Q?J?LB;JMNII?;A?LCHLC>C =OFCHAHIH	ALIOH>?>MSMN?GM0B?L?CM;GJF? ?PC>?H=? NB;N NB? MNLO=NOL? I@ F;HAO;A?>I?M L?@F?=NM?G;HNC=MQCNBIONNB?H??>@ILALIOH> CHA MN;NCMNC=;F ;JJLI;=B?M ;M OM?> CH F;N?HN M?G;HNC=;H;FSMCM(;H>;O?L OG;CM  ILMN;NCMNC=;FG;=BCH?NL;HMF;NCIHJ?L@ILG@?;NM QBC=BB;L>	FCH?MSG<IFALIOH>CHA=B;GJCIHM QIOF>>??GCGJIMMC<F? 0B?CGJFC=CNJL?M?H=? I@M?G;HNC=MCHNB?MNLO=NOL?I@F;HAO;A?>? M?LP?MGIL?;NN?HNCIH;H>%QIOF>P?LSGO=B FCE?NIM??QB?L?;H>BIQMSG<IFALIOH>CHA ;H>FCHAOCMNC=MNLO=NOL?G??NNI=L?;N?M?G;HNC=M <?SIH>J?L=?JNO;FFSALIOH>?>F;HAO;A?

 ?FJ;?G?0 F?SM&   !RJF;CHCHAOHCP?L M;F=IFIOL=;N?AILC?MNBLIOAB;=IHMNL;CH?>;=KOCMC NCIH JLI=?MM 63BF;H77:3H;AD  e  >IC

     (;H>;O?L0 '  OG;CM/ 0   MIFONCIH NI,F;NIjM JLI<F?G NB?(;N?HN/?G;HNC=H;FSMCM NB?ILSI@;=KOCMCNCIHCH>O=NCIH;H>L?JL?M?HN;NCIHI@ EHIQF?>A? (EK5:A>A9;53>*7H;7I 

  $    3DA>" %3667@!@E7D?D3@57 +FPB:3@7$3>>P7!@E7D?D3@57 (7F7DAD6A?;@7K!@E7D?D3@57 +H?L?=?HNJ?LMJ?=NCP?NB;NB;M<??HMO==?MM@OF CH;==IOHNCHA@IL?P?HNL?JL?M?HN;NCIHCHBOG;HM CMNB;NI@JBSMC=;FCMNGI>?FM3IF@@ CH QBC=B =;OM?M ;H> ?@@?=NM ;L? OH>?LMNII> CH N?LGMI@JBSMC=;F>SH;GC=MCHNB?QILF>MO=B ;MGIG?HNOG;H>CGJ;=N@IL=?M "OLNB?LGIL? HIHJBSMC=;F=;OM;NCIH? A @IL=CHAMIG?IH? NI>?=C>? CMOH>?LMNII><S;H;FIAS NI NB?M? JBSMC=;F @IL=?JLCGCNCP?M 0BCM;JJLI;=B=;H <?<ILLIQ?>@IL;HS;LNC@C=C;FMSMN?GB;PCHA; <I>S;H>NB?;<CFCNSNIJ?L=?CP?ECH?G;NC=M;H> >SH;GC=@IL=?M +@=IOLM?CHNB?LI<INNB?M? ?G<I>C?>J?L=?JNO;F;H>JBSMC=;FJLCGCNCP?M QCFFMOL?FS<?NL;HM>O=?>CHNIMSG<IFMMN??FMj =	L?JL?M?HN;NCIHM 3BCF?NBCMCMHINH?=?MM;LCFS " " # !"$!"!  # $  IJSLCABNa

%#%#FI<;F IJSCHAIL>CMNLC<ONCHACHJLCHNIL?F?=NLIHC=@ILGMQCNBIONQLCNN?HJ?LGCMMCIHI@%#%#FI<;F CMJLIBC<CN?>

JLI<F?G;NC=CNMBIOF><?HIN?>NB;NCHBOG;H =IAHCNCIHQ?=;H?;MCFS@IFFIQNB?FCHE<;=ENI ALIOH>?>J?L=?JNCIH;H>;=NCIHMCGOF;NCHAIL CG;ACHCHAQB;NCNCMFCE?NIM??;L?>@CL?NLO=E ILJC=EOJ;BINJIN;NIQCNBLC=BJ?L=?JNO;F;H> GINILCH@ILG;NCIH;H>=ILL?MJIH>CHA;=NCP; NCIHCHJ?L=?JNO;F	GINIL;L?;M %HLI<INGI>?FM IH=?;HCHJONCMNL;HM>O=?>NI;MSG<IFNB?L? I@N?HL?G;CHMHIL?;F FCHENINB?=IHNCHOIOM ?G<I>C?>J?L=?JNO;F	GINILCHJONM %HNLI>O=CHA NBCMNSJ?I@MCGOF;NCIH=;J;=CNS=IOF>JLIPC>? ALIOH><L?;ECHA<?H?@CNMNIG?;HCHAL?JL?M?HN; NCIH;H>?P?HNOH>?LMN;H>CHA);>>?H?N;F  CHJL?MM

I ;PIC> <?CHA NL;JJ?> ;N NB? CH>?RC=;F F?P?FLI<INMH??>NIHINIHFSJ?L=?CP?I<D?=NM ;H>@IL=?JLCGCNCP?M? A GINCIH=IHN;=N<ON ;FMICHN?AL;N?NB?M?L?JL?M?HN;NCIHMNI=IGJL? B?H>?P?HNM 0BCML?KOCL?MNB;NL?JL?M?HN;NCIH;F MSG<IFMJ;LNC=CJ;N?CH;ECH>I@AL;GG;NC=;F IL LOF?	<;M?> JLI=?MMCHA DOMN ;M NB?CL F;<?FM QIL>MJ;LNC=CJ;N?CH;FCHAOCMNC=AL;GG;L;H> NB?CLL?@?L?HNMCHNB?QILF>J;LNC=CJ;N?CHLIF? >?J?H>?HN CHN?L;=NCIHM  $IQ?P?L LOF?	<;M?> MSG<IF JLI=?MMCHA H?=?MMCN;N?M MIG? MILN I@ =;N?AILC=;FP;LC;NCIHCHNB?MSG<IFMNB?GM?FP?M  0B?L?@IL?NB?LI<INQCFFH??>>C@@?L?HNECH>M I@ MSG<IFM NB;N =ILL?MJIH> NI NB? >C@@?L?HN NSJ?MI@G?;HCHA@OF NBCHAM NB;N=;HI==OL CH NB?QILF>MO=B;M?HNCNC?MMN;N?M;=NCIHM;H> L?F;NCIHM 0B?M?>C@@?L?HN=;N?AILC?MI@MSG<IFM =;H NB?H <? JLI=?MM?> CH ; L?JL?M?HN;NCIH;F MSMN?G;==IL>CHA NI L?F;NCIH;F LOF?M  %>?;FFS NB? >C@@?L?H=?M <?NQ??H MSG<IF NSJ?M =IOF> ?P?H<?ALIOH>?> CH NB?>C@@?L?HNJ?L=?JNO;F JLI=?MM?M@LIGQBC=BNB?S;LCM?

%H IOL L?M?;L=B NB? LI<IN =;H I<M?LP? F?;LH;H>J?L@ILG;M?LC?MI@;=NCIHM>OLCHA AI;F	>CL?=N?>CHN?L;=NCIHQCNBBOG;HM 3BCF? NB?I<D?=NM;H>;=NCIHM;L?L?=IAHCT?>NBLIOAB J?L=?JNO;FJLCGCNCP?MCNCM=F?;LNB;NNBCMSC?F>M HIL?;FOH>?LMN;H>CHAI@NB??P?HNM 0BLIOABNBCM H?Q;JJLI;=BCHMN?;>I@L?JL?M?HNCHAM?KO?H=?M I@;=NCIHMNI<OCF>AI;F>CL?=N?>?P?HNMNB?LI<IN QCFFL?JL?M?HN<INB;=NCIHM;H>MN;N?M/ MINB;N?P?HNM;L?<OCFN@LIGLOF?	<;M?>// =B;CHMI@?H;<FCHA	MN;N?M;=NCIHM;H>L?MOFNCHA MN;N?M(;FFZ??N;F MO<GCNN?> .?=I>CHANB? J?L=?JNO;FCHJONCHNINB?M?NQI>C@@?L?HNECH>M I@MSG<IFMMN;N?M;=NCIHMCM;@CLMNMN?JNB;N IJ?HM NB?>IIL NI L?JL?M?HNCHA=;OM;FCNS;H> L?;MIHCHA;<IONAI;FM "IL?R;GJF?;L?MOFNCHA MN;N?=;H<?;=BC?P?>C@NB??H;<FCHAMN;N?CMNLO? ;H>NB?;=NCIHCMJ?L@ILG?>;H>NBCML?MOFNCHA MN;N?G;SM?LP?;MNB??H;<FCHAMN;N?@IL;HINB?L MNIL?>//?P?HN

"OLNB?LGIL? NBCM NSJ? I@ L?JL?M?HN;NCIH =IOF><?;JL?=OLMIL NIOH>?LMN;H>CHA CHN?H NCIH;FCNS %@;LI<INCM;FFIQ?>NICHN?L;=NQCNB CNM ?HPCLIHG?HN ;N L;H>IG ;H> I<M?LP? NB? =B;HA?MNB?LI<INGCABNI<M?LP?NB;N;ACP?H GINIL;=NCIH;FQ;SMJLI>O=?M;ACP?H=B;HA? CH MN;N? MO=B ;M ;H I<D?=N <?CHA g=IP?L?>h  !P?HNO;FFSNB?LI<INQCFFF?;LHNB?=;OM;F=IH H?=NCIH<?NQ??HCNMIQH;=NCIH;H>NB;NL?MOFNCHA MN;N? %N=;HL?G?G<?LNBCMQB?H;N;MEF;N?L L?KOCL?M;HI<D?=NNI<?=IP?L?>;H>CHCNC;N? NB?L?G?G<?L?>GINIL;=NCIHCNM?F@NI=IP?LNB? I<D?=N SCHCNC;NCHANB?=;OM;FM?KO?H=?CNM?F@ NB?LI<IN>?GIHMNL;N?M;JLCGCNCP?L?JL?M?HN; NCIHI@CHN?HNCIH;FCNS

 (;FFZ?/ );>>?H & $I?H)  IGCH?S,  " );HOM=LCJNMO<GCNN?>@ILJO<FC=;NCIH (CHECHA (;HAO;A?QCNB!G<I>C?>;H>0?F?IFIAC=;F.?JL?M?H N;NCIHMI@=NCIH@IL$OG;HIC>IAHCNCIH DA@F;7DE ;@&7GDADA4AF;5E

);>>?H & $I?H)  IGCH?S, " CHJL?MM  =IAHCNCP?H?OLIM=C?H=?J?LMJ?=NCP?IH?G<I>C?> F;HAO;A?@ILBOG;H	LI<IN=IIJ?L;NCIH D3;@3@6 $3@9G

%#%#FI<;F IJSCHAIL>CMNLC<ONCHACHJLCHNIL?F?=NLIHC=@ILGMQCNBIONQLCNN?HJ?LGCMMCIHI@%#%#FI<;F CMJLIBC<CN?>

L?F;NCIHMBCJM;H>NB?;MMI=C;N?>NL;HMCNCIH@LIG ;HCH>?RC=;FMSMN?GNI;JLIJ?LMSG<IFMSMN?Gh $;PCHA =I>?> <INB BOG;H	BOG;H	LI<IN ;H> CH@;HN	=;L?ACP?L?H=IOHN?LM%;HMQ?LA?HNM =;H <? >?MCAH?> NIGCGC= BOG;HM JLIPC>?> NB;N?HACH??LM;>>L?MMNB?BDA4>7?A85A35F;A@

/SG<IF ALIOH>CHA ;CGM NI MBIQ BIQ F;HAO;A?=;H<?ALIOH>?>CHNIG;=BCH?M "CLMN NB?L?@IL?Q?@;=?NB?iMSMN?G;NC=;G<CAOCNSj I@iMSG<IFj?FJ;?G?IQF?S  +H NB? IH? B;H> EK?4A> =;H >?HIN? ;H ;A?HNjM CHH?LL?JL?M?HN;NCIHM;H>IHNB?INB?LCH>?R BIQCHL?;F	NCG?MCNO;N?>?G<I>C?>MCAH;FM MSG<IFM ;L? =L?;N?> ;H> =IHMNLO?>  "IL ;HA?FIMCNB?iMI=C;F;H>=OFNOL;FALIOH>CHA I@ F;HAO;A?j J >?J?H>MIHBIQ NB?i?RN?LH;FMSG<IFMjNB;N;L?ALIOH>?>>C@@?L @LIG@ILG;F>?M=LCJNCIHM 0BOMFCPCHAF;HAO;A? CM i; B?N?LIA?H?IOM M?N I@ ;LNC@;=NM NB;N ;L? CGJFC=;N?>CH=OFNOL;F;H>=IAHCNCP?;=NCPCNC?Mj  J   %H@;HNMOM??RN?LH;FMSG<IFMNI ALIOH>JO<FC=F;HAO;A?CHNI<L;CHM;H>;=NCIHM  %H7JF7@676EK?4A>9DAG@6;@9);= ILG;H  ;HA?FIMC %;LAO?J?IJF?L?FSIH =IH=?LNCHANB?CL;=NCIHMNI>?P?FIJ5A35F;A@3> =;J;=CNC?M;H>MECFFMIQF?S);= ILG;H  IQF?S 

%H@;HNM ;L? IONMC>?L	;A?HNM <ILH CHNI ; JIJOF;NCIH NB;N L?FC?MIH?PIFP?>JO<FC= F;H AO;A? >OFNM;L?NBOMCHMC>?L	;A?HNMQBI<S >?@CHCNCIHB;P?MIFP?>NB?@CLMN;H>NBCL>J;LNM I@;HA?FIMCjMJOTTF?;M@OH=NCIHCHA<I>C?M NB?SOM?JO<FC=MSG<IFMNI?G<I>SCHH?L=IHNLIF MSMN?GMMSG<IFMNB;N@OH=NCIHCHJ;LNNINL;=E ;MJ?=NMI@NB?QILF> ,BSMC=;FMCAH;FMM?LP?CH FCHECHAMCNO;NCIHMI<D?=NMJO<FC=iQIL>Mj;H> BIQ<I>C?MM?F@	JLI>O=?MCAH;FM 0IG;H;A?NBCM CMNI<?;EK?4A>E:3D7D $IQ>ICH@;HNM;=BC?P? NBCMMN;NOM.?A;L>F?MMI@QB?NB?LNB?SL?;FFS OM?CHH?LMSG<IFMNB?S>?J?H>IH;JB?HINSJ? MCNO;N?>?H=IOHN?LM;H>>?P?FIJG?HN;FBCMNILS  0BCM=;H<?GI>?FF?><S;LNC@C=C;FMSG<IFOMCHA ;A?HNMQBIMIFP?NB?JLI<F?GI@=I;=NCIHF:7K 8;@6I3KEA8>;@=;@9;@@7DD7BD7E7@F3F;A@EI;F: 7JF7D@3>EK?4A>;5B3FF7D@E4K6D3I;@9A@:AI ;@D73>	F;?735F;A@E3D75A	D79G>3F

$OG;HCH@;HNM>IHING?L?FSF?;LH@LIG CHN?L;=NCHA FNBIOABGO=B>?J?H>MIH<INB J?L=?JNCIH;H>?HA;ACHAQCNBJBSMC=;FI<D?=NM BOG;HM;L?M?HMCNCP?NI;@@?=NCP?L?Q;L>M 0B?M? ;LCM?>OLCHABOG;H	BOG;H5A35F;A@ %H3?AH?L ;H>/J;LLIQjM N?LGM>OLCHA=I;=NCIH ?;=BJ;LNSCMCH@FO?H=?><SIL;=NMQCNBCHNB? 5A@F7JFI@NB?INB?LjM;=NCIHM )IL?IP?L;NF?;MN IH?J;LNSOM?MNBCMNI=IG?OJQCNB;=NCIHNB;N =IOF> HIN INB?LQCM? B;P? ;LCM?H  ;L?ACP?L CH@;HN>S;>M=L?;N?Q;SMI@GIPCHA;H>LIO NCH?MNB;NJ;LNC?M;L?GINCP;N?>NI?H;=N;H> ;PIC> 0B?S>?J?H>IH=IHNCHA?H=C?ML?Q;L>M ;H> CH@;HN =IHNLIF I@ ?RJL?MMCP? GIP?G?HN  0BCM;FMI;JJFC?MNIF;HAO;A?fJLIPC>?>NB;N Q?@IFFIQ;HA?FIMC CH>?@CHCHANBCMCH N?LGMI@=OFNOL;F;H>=IAHCNCP?;=NCPCNC?MNB;N OM?;LN?@;=NMCH=FO>CHAiQIL>Mj /CH=?FCPCHA F;HAO;A?CM<INBMSG<IFC=;H><;M?>CHJBSMC=;F MCAH;FMOM?I@CNM>SH;GC=M=;HMO@@C=?NI<LCHA GIP?G?HNMOH>?L NB? CH@FO?H=?I@ OHB?;L> =OFNOL;FJ;NN?LHM "IL;<;<SiQIL>Mj;L?@AF H??>?>CHNB??;LFSGIHNBM?RN?LH;FMSG<IFM ;L?=IHN?RNO;FILCH!FG;HjM N?LGM5G7E FA?73@;@9 <;<SH??>MH?CNB?LAL;GG;LHIL J?L=?JNCIHI@JBIH?NC=CHP;LC;HNMiJBIH?G?Mj ILiQIL>MjCNOM?M>?P?FIJCHAGINCP;NCIHMNI =I	IL>CH;N?QB;NCMJ?L=?CP?>CNMIQHGIP? G?HNM;H>;BCMNILSI@L?Q;L>CHA=IHNCHA?H=C?M  0B?L?Q;L>MI@FCPCHACH;BOG;HQILF>G;E? ?RJ?LC?H=?I@CHN?L;=NCIH;H>=I;=NCIHMO@@C=C?HN @IL?RN?LH;FMSG<IFMNI<?ALIOH>?>CHNI<INB NB?<;<SjM<L;CH;H>BIQB?ILMB?;=NM

/SG<IFM?R?LN?@@?=NM;M=;L?ACP?LMM??E NI=IHNLIFCH@;HNMCHF?;LHCHA;<IONL?Q;L>M <;<C?M L?FS IH ;HNC=CJ;NILS >SH;GC=M  "IL ?PIFONCIH;LS L?;MIHM NB?M? MB;J? >S;>C= ?RJL?MMCIH iJLCG;LS CHN?LMO<D?=NCPCNSj NB;N FCHEM N;FE A?MNOLCHA ;H> F;N?L <;<<FCHA  $?L?NIIL?Q;L>;H>=IHN?RNACP?;<;<S=IH NLIFIP?LGIP?G?HN;H>PI=;FCT;NCIH  G?3@ EK?4A>9DAG@6;@9 IQF?S   CHN?AL;N?M LIONCH?MQCNBOHB?;L>P?L<;FJ;NN?LHM S	 GIHNBM<;<C?MJC=EOJIH=OFNOL;FHILGM<S 	GIHNBMNB?SMB;L?@ILG;NM? A NBCMFCNNF? JCAASH;JJS=B;HACHA;H><S NB?S;=N ;MC@NB?S;L?OMCHACHN?HNCIHM 3BCF?F?;LHCHA G;S<?L?Q;L>	<;M?>;>OFN=IHMNLO;FMM?HMCNCM? CH@;HNM NI MCNO;NCIHM  ";L @LIG L?JL?M?HNCHA ONN?L;H=?	NSJ?MiFCHAOCMNC=@ILGMj>S;>MOM? " " # !"$!"!  # $  IJSLCABNa

%#%#FI<;F IJSCHAIL>CMNLC<ONCHACHJLCHNIL?F?=NLIHC=@ILGMQCNBIONQLCNN?HJ?LGCMMCIHI@%#%#FI<;F CMJLIBC<CN?>

=I	L?AOF;NCIH ;H> M?HMILCGINIL =IHNLIF NI L?MB;J?J?L=?JNCIH 0B;NCMH;NOL?jMNLC=E?RN?L H;FMSG<IFM<?=IG?FCHE?>QCNBQB;NQ?:73D ;H>E77;MQ?L?>?JFISIOL<I>C?M;H><L;CHM H>?LMIH  +H=?Q?J?L=?CP?iQIL>Mj =BCF>L?H;HMQ?L;H>;MEKO?MNCIHMg ISIO OH>?LMN;H>h g3B;NjM NB;Nh g3B?L?jM NB? =;Lh MB;L?>B7DEB75F;H7IH F;HAO;A?;F N?LMJ?L=?JNCIH=OFNOL;FMECFFM;H>@CLMN	J?LMIH JB?HIG?HIFIAS *IKO;FCN;NCP?H?OL;F=B;HA? G;E?MQIL>MiL?;FjC

? B?;L> BCF>L?HL?FS IH?RN?LH;FMSG<IFC=J;NN?LHM;H>;BCMNILSI@ =IIL>CH;NCHAQBCF?;=NCHA;H>N;FECHA;<IONN;FE  SCHN?AL;NCHANB?L?MOFNMQCNB;=NCIHBOG;HM >?P?FIJH?QGI>?MI@=IHNLIF NB?S<?=IG? MSG<IFMB;L?LM

A?HNM=;HOM?L?;F	NCG?=IIL>CH;NCIH;H iCH>?RC=;FMSMN?GjCH=IGCHANIOM?MCNO;NCIHM CHG;ECHA;H>=IHMNLOCHAJBSMC=;FMSG<IFM; iJLIJ?LMSG<IFMSMN?Gj 0IMIFP?NB?JLI<F?G I@ =I;=NCIH ?HACH??LM H??> NI <OCF> ;A?HNM QBIM?CHH?L=IHNLIFMSMN?GMMB;J?;=NCIHMNB;N ;L?J?L=?CP?>;M?RN?LH;FMSG<IFMQBC=BG;J IHNI;MCNO;NCIHCHQ;SMNB;NCHL?;F	NCG?=I L?AOF;N?QB;NBOG;HM;H>ILINB?LG;=BCH?M >I 0B?JLI<F?GFIIEMMIFO<F? 3B?HLI<INM =IIL>CH;N?QCNBOMH;[P?BOG;HM;NN?GJN NI ?MN;<FCMB=I;=NCIH;FLIONCH?MNB?SM??EHIP?FNS <SOMCHANB?=IHN?RNI@LI<IN>ICHAMIQF?S   $IQ?P?L?HACH??LMH??>NI=B;HA?NB?CL NBCHECHA "CLMNLI<INMH??>NIGCGC=ILMBIQ F?;LHCHA@LIGBOG;HILBOG;H	FCE?=I;=NCIH ;NN?GJNMHINDOMN;=NCIHM +H=?;=BC?P?>NB?S QCFFB;P?NIOM?BIQBOG;HML?MJIH>NIF:7;D =I;=NCIH;FGIP?M 0BCMCMNLC=ES<?=;OM?L?Q;L> CHA=IHNCHA?H=S>?N?=NCIHGOMNFCHEMCNO;NCIH ;JJL;CM;FQCNB;>?P?FIJCHAJM?O>IGINCP; NCIH 0INB??RN?HNNB;NBOG;HM@CH>NB?ION=IG?M @F?RC<F?;H>L?Q;L>CHAMIFPCHANB?JLI<F?GI@ =I;=NCIHG;SM?NG;=BCH?MIHNB?LIS;FLI;>NI F;HAO;A? (CE?<;<C?M;LNC@C=C;FMSG<IFMB;L ?LMQCFFFCHE>SH;GC=M;H>MSG<IFMfBIQQ? MJ?;E;H>GIP?fCH;MM?MMCHA;H>G;H;ACHA E;FG3F;A@E %HJLCH=CJF?MO=BG;=BCH?MGCABN ?P?HJ?L=?CP?iI<D?=NMjNB;N;@@IL>IJJILNOHCNC?M @ILi;=NCHAj 0I;=BC?P?F:3FQIOF>MBIQNB? PC;<CFCNSI@?RN?LH;FMSG<IFALIOH>CHA

<?F ;HA?FIMC   >;JNCP?;A?HNGI>?FCHAI@ >CMNLC<ON?>F;HAO;A?CHP?MNCA;NCIHMI@NB??@@?=NMI@ =OFNOL;FP;LC;NCIH;H>CHN?LH;F;=NCIHL?JL?M?HN;NCIHM  $3@9G397+5;7@57Ee >IC

F;HAM=C  

D

%#%#FI<;F IJSCHAIL>CMNLC<ONCHACHJLCHNIL?F?=NLIHC=@ILGMQCNBIONQLCNN?HJ?LGCMMCIHI@%#%#FI<;F CMJLIBC<CN?>

=F;LC@S<ONNB?Q;SNB?JLI<F?GCM=IGGIHFS L;CM?>CMP?LSGCMF?;>CHA %>IHINNBCHENB;N;FF NB?@C?F>MIHCHN?FFCA?H=?H;NOL;F;H>;LNC@C=C;F B;P?OH>?LMNII>GO=BI@NB?JLI<F?GF?N;FIH? ;H?@@?=NCP?;H>Q?FFOH>?LMNII>MIFONCIH %QCFF @CLMN ;>>L?MM NB?HA?FIjM MJ?=C@C= KO?MNCIHM ;H>NB?HQCFF<LC?@FS?RJF;CHBIQIOLg	=BOHE GI>?FhI@NB?<L;CH	GCH>>?;FMQCNBNB?gMSG <IFhJB?HIG?HIH %QCFFOM?;<LC?@@ILGI@NB? KO?MNCIHMNIG;E?NBCMQLCNCHA?;MC?LNIL?;>

 )S;HMQ?LNI-O?MNCIH 3B;N>I?MNB? <L;CHFCHE/O<J;LNMI@HOG?LC=P?=NILM  0B?<L;CH;H>IOL<L;CH	CHMJCL?>!JCA?H?NC= ?P?FIJG?HN;F !  H?NQILEM 3?HA  M??GHINNIB;P?NB?FOROLSNI6;D75F>K >?;FQCNBMSG<IFM>OLCHANB?CLFC@?NCG?  %HMN?;>NB?SFCHEHIH	MSG<IFC=HOG?LC= GINIL P?=NILM ;=NCIHM NB;N =ILL?MJIH> NIIOLL?@?L?H=?NIMSG<IFM? A M;SCHA g=;LhNI;H;NN?H>?>MO<J;LNI@NB?BCAB >CG?HMCIH;F M?HMILCGINIL P?=NILM ? A  ;MCHAF?=;L?P?HN CH;H CG;A?M?KO?H=? NB;N=IHN;CHMGOFNCJF?=;L?P?HNM;H>INB?L ?P?HNM

  )S;HMQ?LNI-O?MNCIH$IQ>I?MNB? <L;CHFCHE%H=L?G?HN;FFS;H>L?=OLMCP?FS  0B?<L;CH;H>IOL! H?NQILEM=L?;N?FCHEM @LIGMO<J;LNMI@M?HMILCGINILP?=NILM; MCHAF?=;LCG;A?J;N=BCH<;=EALIOH>;H> NB?N?GJIL;F=IHN?RNI@NB?;NN?H>?>?P?HN NIMO<J;LNMI@INB?LM?HMILCGINILP?=NILM ? A  NB? H?RN JL?>C=N?> H?Q =;L CG;A? J;N=B;H>NB?H?RNGINIL;=NCIHPC;NB?CL CHN?LH;FL?JL?M?HN;NCIHM /O=BCHN?LH;FL?J L?M?HN;NCIHM;L?HINJOL?FSMSG<IFC=;H> ;L??G?LA?HN@LIGNB?CLFCPCHA?RJ?LC?H=?M

  )S;HMQ?LNI-O?MNCIH$IQ>I>C@@?L ?HN BOG;HM MB;L? ; MSG<IFC= MSMN?G 0BLIOAB =IGGOHC=;NCIH  0B? BOG;H MI=C?NSMB;L?M;MSG<IFC=MSMN?GNBLIOAB =;FC<L;NCIHI@F?;LH?><?B;PCILM "IL?R ;GJF?C@;=BCF>jM<?B;PCILCH>C=;N?MNB;N B?>I?M HIN OH>?LMN;H> ::=;Ljj =ILL?=NFS NB? N?;=B?L =ILL?=NM BCM =ILL?MJIH>CHA <?B;PCILMCHP;LCIOM?>O=;NCIH;FQ;SM H ! H?NQILEG;SMB;L?;MSG<IFC=MSMN?G QCNBBOG;HMNBLIOABCHN?L;=NCP?F?;LHCHA

B?JLCH=CJF?>MIFONCIH %>CM=OMM?>B?L? M??GMQB;NNB?<L;CHOM?M<ON%;G;@L;C>CNCM HIQP?LS>C@@C=OFN@ILG;HSL?M?;L=B?LMNI=IH @C>?HNFS;==?JN 0I<?=IH@C>?HNMO@@C=C?HNQC>NB ;H>>?JNBI@EHIQF?>A?CHM?P?L;F>CM=CJFCH?M ;L?H?=?MM;LSCH=FO>CHA<CIFIASH?OLIM=C?H=? JMS=BIFIAS ?F?=NLC=;F ?HACH??LCHA =IGJON?L M=C?H=?;H>G;NB?G;NC=M

%NCMEHIQHNB;N=ILNC=;FL?ACIHM;L?NSJC =;FFSCHN?L	=IHH?=N?>CH<INB>CL?=NCIHM)IL;H  ?MCGIH? ;FF;Q;S "?FF?G;H 2;H!MM?H   $IQ?P?L=IGJON;NCIH;F GI>?FM NB;N CH=ILJIL;N?<INB>CL?=NCIHMB;P? L?MCMN?> @OFF ;H;FSMCM  ?=I  .IFFM   $CHNIH 3?HA,LIEBILIP 3?HA ?N;F   %H@ILG?><SNB?H?OLI	;H;NIGC= MNO>C?MCHH?OLIM=C?H=?"?FF?G;H2;H!MM?H

 ;FF;Q;S IOL! =IGJON;NCIH;F GI>?F CH3?HA   JLIPC>?M ; <;MCM @IL >CM=OMMCHABIQNB?<L;CH	GCH>>?;FMQCNBNB? MSG<IFJLI<F?G

?@IL? NB? 	=BOHE <L;CH	GCH> GI>?F 3?HA 3?HA;H>BCM=IQILE?LMJL? M?HN?>;=ILN?RCHMJCL?>>?P?FIJG?HN;FH?NQILE GI>?F@ILMJ;NC;F;H>N?GJIL;F;<MNL;=NCIH 0B? H?NQILE>I?MHINB;P?;HSMSG<IFC=L?JL?M?H N;NCIHCHCNMCHN?LH;FCHMC>?CNM=FIM?>gMEOFFh L?JL?M?HN;NCIH<ON CNB;M MBIQH CNM=;J;<CFC NC?MI@>?;FCHAQCNBPC>?I M?KO?H=?M (O=CQ 3?HA >C@@?L?HN?P?HNMCH;=IGJF?R <;=EALIOH>(O=CQ3?HA6?HA ;H> N?RNMNL?;GM3?HA6B;HABC4O?  FCE? NBIM? @LIG NB?3;FF /NL??N &IOLH;F 3? ;LAO?>g0B?<L;CH@;=?M;G;DIL=B;FF?HA? %N >I?MHINB;P?NB? FOROLSI@B;PCHA;BOG;H N?;=B?LNICGJF;HNMSG<IFMCHNICN;MNB?<L;CH CMHIN;==?MMC<F?>CL?=NILSNINB??RN?LH;FBO G;H N?;=B?L 0BOM CNGOMN A?H?L;N? CHN?LH;F L?JL?M?HN;NCIHM @LIG NB? NQI MCAH;F MIOL=?M NB?M?HMILM;H>NB??@@?=NILMGINILMh3?HA 6B;HABC4O? 

B?M?HMILM@IL;BOG;H<L;CHCH=FO>?M LI>M;H>=IH?MCHNB?L?NCH;B;CL=?FFMCHNB? =I=BF?;;H>P;LCIOMNSJ?MI@MIG;NC=L?=?JNILM OH>?LNB?MECH 0B??@@?=NILMI@NB?<L;CHCH=FO>? GOM=F?M;H>AF;H>M 0B?MCAH;FM@LIGNB?G;L? ;FFHOG?LC=;F CHH;NOL?fHOG?LC=J;NN?LHM;M CHMN;H=?M *IH?I@NB?GL?=?CP?M;HS;<MNL;=N " " # !"$!"!  # $  IJSLCABNa

%#%#FI<;F IJSCHAIL>CMNLC<ONCHACHJLCHNIL?F?=NLIHC=@ILGMQCNBIONQLCNN?HJ?LGCMMCIHI@%#%#FI<;F CMJLIBC<CN?>

MSG<IFCHNB?M?HM?I@gIH?MSG<IF=ILL?MJIH> CHANIIH?G?;HCHAh;MOM?>CH=IGJON?LM

);HS L?M?;L=B?LM G;S ;ME 3CNBION MSG<IFM BIQ=;H NB?<L;CH ;<MNL;=N(O=CQ ;H> 3?HA   (O=CQ 3?HA ;H> 6?HA  ;H>3?HA6B;HABC;H>4O?  ?RJF;CH?> MIG? JLCH=CJF?> G?=B;HCMGM @IL ;<MNL;=NCIHCHMJCL?><SNB?=?L?<L;F=ILN?R %H NB?CLGI>?FMNB?Q?CABNP?=NILI@?;=B@?;NOL? H?OLIH B;M NBL?? J;LNMf<INNIG	OJ F;N?L;F ;H>NIJ	>IQHfHIH?I@QBC=BCMJOL?CH;HS FCHAOCMNC=N?LG 0B?L?@IL?HICHN?LH;FH?OLIH CHNB?CLGI>?FCMJOL?CH;HSMSG<IFC=G?;HCHA

B?	=BOHE<L;CH	GCH>GI>?FCH3?HA 6B;HABC;H>4O? ACP?M;HIP?L;FF GI>?F NB;N ;>>L?MM?M BIQ HOG?LC= HIH MSG<IFC= H?OLIHM HIN IHFS ;L? ALIOH>?> CH NB? BOG;H MSG<IF	<;M?> =IGGOHC=;NCP? ?HPCLIHG?HN <ON ;FMI L?;MIH ;<MNL;=NFS 0B? NB?ILS I@ "CHCN? ONIG;NIH " B;M <??H NB?<;MCMI@G;HSJLI<;<CFCMNC=GI>?FMMO=B ;M $)) ,+) , ;H> ;S?MC;H *?NM ;H> G;HSL?;MIHCHA?HACH?MMO=B;M5 0	. ;H>/I;L M?RJF;CH?>CH3?HA ACP?H ;HS";H! H?NQILEQBC=B>I?MHINB;P? ;HSMSG<IF CH CNM CHN?LH;F L?JL?M?HN;NCIH=;H >OJFC=;N?NB?@OH=NCIHMI@NB?" 0B?ILCACH;F MSG<IFC="CMHINALIOH>?><?=;OM?CNMCHJONM ;H>IONJONM;L?JOL?FSMSG<IFC=MICNH??>M; BOG;H;M;G?>COG<?NQ??HCNM?F@;H>NB?L?;F JBSMC=;FQILF> %H=IHNL;MNNB?F?;LH?>! CM @OFFSALIOH>?>;MCNMCHJONM;L?>CL?=NFS@LIG NB?L?;FJBSMC=;FQILF>;H>CNMIONJONM>CL?=NFS ;JJFSNINB?L?;FJBSMC=;FQILF> )CHMES   =ILL?=NFS=LCNC=CT?>NB;NJLCIL;LNC@C=C;FH?OL;F H?NQILEM>IHINL?;MIHQ?FF 0BCMNCG?J?LCI> CMIP?L<?=;OM?I@NB?=ILL?MJIH>?H=?<?NQ??H ";H>! 3?HA 

B?L?@IL?NB?L?M??GMHI=IGJON?L	FCE? ;<MNL;=N MSG<IF CH NB? L?;FQILF>?CNB?L "IL ?R;GJF?;HSQIL>CM;FQ;SMM?HM?>;M;HCH MN;H=?I@HOG?LC=J;NN?LH;HCG;A?;MIOH> ?N= /CGCF;LFSHINQICHMN;H=?MI@;QIL>;L? PI=;FCT?>?R;=NFSNB?M;G? $OG;HCH>CPC>O ;FM=;H=IGGOHC=;N?QCNBIH?;HINB?L;<ION ;H;<MNL;=NMSG<IF? A g=;Lh<?=;OM?NB?CL F?;LH?><?B;PCILM;L?MO==?MM@OFFS=;FC<L;N?> NBLIOABMI=C;FCHN?L;=NCIHM

 OM=BG;H0 & )CFF?L! '   0IJ	>IQH P?LMOM <INNIG	OJ =IHNLIF I@ ;NN?HNCIH CH NB? JL? @LIHN;F;H>JIMN?LCILJ;LC?N;F=ILNC=?M +5;7@57 

;HHOL?P

H?OLI 

(O=CQ) 3?HA&   3B?L?3B;N*?NQILE  ?P?FIJG?HN;FNIJ	>IQH;NN?HNCIHQCNBGOFNCJF? G?;HCHA@OF@IL?ALIOH>M %H(DA5776;@9EA8F:7!  !@F7D@3F;A@3>"A;@FA@87D7@57A@&7GD3>&7FIAD=E ;L=?FIH;/J;CH

)CHMES)      (IAC=;F P?LMOM ;H;FIAC=;F IL MSG<IFC=P?LMOM=IHH?=NCIHCMNILH?;NP?LMOMM=LO@@S  !%393L;@7 e

%#%#FI<;F IJSCHAIL>CMNLC<ONCHACHJLCHNIL?F?=NLIHC=@ILGMQCNBIONQLCNN?HJ?LGCMMCIHI@%#%#FI<;F CMJLIBC<CN?>

?HA& (OQ;HA0 (O$ 4O?4   )OF NCF;S?LCH	JF;=?F?;LHCHAH?NQILEM@ILGI>?FCHA@OH= NCIH;FF;S?LMCHNB?F;GCH;L=ILN?R &7GD3>&7FIAD=E   e  >IC

   $   >47DFAD75A-@;H7DE;FKA87@AH3!F3>K 0I ;HMQ?L NB? KO?MNCIHQB?NB?L NB? MSG<IF ALIOH>CHA/#JLI<F?GB;M<??HMIFP?>NB? <?MNNBCHANI>ICMNIL?P?LNNINB?F;N?MN>?@C HCNCIH NB;N/N?P;H$;LH;>QBI @CLMN JICHN?> ION NBCM;M;gJLI<F?GhB;MACP?H CNgCM NB? JLI<F?GI@=;OM;FFS=IHH?=NCHAMSG<IFMCHMC>? ;H;ONIHIGIOMMSMN?GNINB?CLL?@?L?HNMCHNB? ?RN?LH;F QILF> QCNBION NB? G?>C;NCIH I@ ;H ?RN?LH;F CHN?LJL?N?Lh $;LH;>    % NBCHE NB;NCH>CM=OMMCHANBCMNIJC=Q?H??>NIG;E? MIG?MBC@NM

  %H NB? H?Q $;LH;>jM @ILGOF;NCIH NB? JLI<F?GB;MFIMN;MNLIHA<C;MJL?M?HNCH NB?  @ILGOF;NCIH NB;N Q;M CH=FCH?> NI =IHMC>?L E7@EAD;?AFAD ?P?HNM ;M NB? JLININSJC=;F ALIOH>CHA MIOL=?M  /I NB? @CLMNMBC@NQ?H??>CMIH?@LIG;GIF?=OF;L J?LMJ?=NCP?NI;GIF;LIH?NIOM?NB?IF> 0IFG;HjMN?LGCHIFIASFCE?NB?IH?NB;N G;>?JIMMC<F??P?H NI<?B;PCIOLCMNM NI AI@LIGMNCGOFOMNIMCNO;NCIH;H>J?LB;JM NI?HPCLIHG?HN;H>@LIGL?MJIHM?NI<? B;PCIOL );HSI@NB?KO?MNCIHM;ME?><S ;HA?FIMC=;H<?;HMQ?L?>C@gFIIECHA@IL ALIOH>CHAh CMHIN=IHMC>?L?>;M FIIECHA IHFS @IL MNLC=N M?HMILCGINIL =IHH?=NCIHM I@MSG<IFM<ON;M;<MNL;=NCIHM;N>C@@?L?HN F;S?LMI@?P?HNMCHPIFPCHANB?CH>CPC>O;F  <MNL;=NQIL>MFCE?g@L??>IGhILg<?;ONSh ?GEF<?ALIOH>?>C@NB?S;L?HINJOL?MIOH>M QB?HONN?L?>;H>ALIOH>CHA=IG?M@LIG G;HS MCNO;NCIHM M?HMILCGINIL CH ILCACH NB;N<?=IG?GIL?;H>GIL?;<MNL;=NM=LCJNM QCNB?RJ?LC?H=?

/FIG;H CMLCABNNB;N';HNB;>;FL?;>S M;C>?P?LSNBCHA ';HNQ;M;NNL;=N?><S$OG?jM C>?;I@=IH=?JNM<OCFN@LIG?RJ?LC?H=?;==IL> CHANI;MMI=C;NCIHF;QM<ONB?Q;MMNO=EQCNB ;<MNL;=N=IH=?JNMHOG<?L=;OM;FCNSMO<MN;H=? ?N= MCH=?NB?S>IHjNFIIEHILG;F;<MNL;=NCIHM @LIG ?RJ?LC?H=? MI NB?S =;HHIN <? MCGJFS F?;LHNBCM;HMQ?LQ;MNB;NNB?S;L?J;LNC=OF;L =IH=?JNM=;FF?>=;N?AILC?M /O=B=IH=?JNM;L? H;G?>g;JLCILCMSHNB?NC=DO>AG?HNMhMSHNB?NC= <?=;OM?NB?S;L?=IHMNLO=N?>@LIG?RJ?LC?H=? <ONg;JLCILCh<?=;OM?NBCM=IHMNLO=NCIHCMG;>? <S;@OH=NCIH ';HNH;G?>CN=IHM=CIOMH?MM Q?=IOF>H;G?CN=?HNL;FJLI=?MMIL NB;NQILEM ;==IL>CHANIA?H?L;FJLCH=CJF?M /O=BJLCH=CJF?M AI<?SIH>NL;HM=?H>?RJ?LC?H=?MINB?S;L? <OCFN gA?H?NC=;FFSh NB?S ;L? QB;N =IAHCNCP CMN H;G?> g@OH=NCIH;F ;L=BCN?=NOL?h ;H> CH ; LI<IN;L?J;LNI@@CLGQ;L? /NCGOFCL?@F?=NNB? ?HPCLIHG?HN;FMNLO=NOL?<ONIOLEHIQF?>A?CM <OCFN ;==IL>CHA NI =IHMNL;CHNM >?N?LGCH?> <S IOL=IAHCNCP?MSMN?G@OH=NCIHCHA;H>L?MIOL=?M MI';HNQ;MLCABNNB;NQ?H?P?LEHIQgNBCHAM CHNB?GM?FP?Mh

M?=IH>=B;HA?I@J?LMJ?=NCP?CML?NBCHE CHAQB;NEK?4A>E;L? %NBCHENB;NFIIECHA @IL ALIOH>CHA =IGJIH?HNM @IL MSHN;=NC= F;<?FM IL @OH=NCIH QIL>M CM GCMF?;>CHA MCGJFS<?=;OM?MO=BQIL>M;L?@AFMSG<IFM

%#%#FI<;F IJSCHAIL>CMNLC<ONCHACHJLCHNIL?F?=NLIHC=@ILGMQCNBIONQLCNN?HJ?LGCMMCIHI@%#%#FI<;F CMJLIBC<CN?>

Q;SQCNBIONB;PCHANIL?FSIHNB?<OCF>?LOM?L CHN?LJL?N;NCIHNB?;HMQ?LM??GMS?M<ONHIQ $;LH;>=F;LC@C?MNB;NNB?KO?MNCIHQ;MILCACH;FFS CHN?H>?>CHN?LGMI@@OFFBOG;H	M=;F?MSMN?GM ;H>Q? B;P? NI ;>GCN NB;N ;N MO=B F?P?F NB? JLI<F?GCM@;LNI<?MIFP?> /INB?;HMQ?LNI NB? @CLMN MO<JLI<F?G JIM?> <S ;HA?FIMC CM <INBS?M;N;MCGJF?M=;F?;H>HI;NNB?@OFF 0OLCHAM=;F?

ONC@NB?MSG<IFALIOH>CHAJLI<F?G=;H<? =IHMC>?L?>MIFP?>IHFS;N;@OFFM=;F?NB?HNB? M?=IH>MO<JLI<F?GJIM?><S;HA?FIMCCMHIN; M?J;L;N?JLI<F?G<ONCMP?LS=IHH?=N?>QCNBNB? @CLMN;H>G;S<?=IG?NB?G;CHJLI<F?G 0BCMCM <?=;OM?;M$;LH;> BCGM?F@B;>JICHN?> IONF;<?FMQIL>M;MMOG?NB?@OH=NCIHI@MSG <IFMIHFSQB?HNB?SN;E?JF;=?CHJLIJIMCNCIHM INB?LQCM?NB?S;L?gCH?LNN;RIHIGC?Mh *IQ; JLIJIMCNCIH=;HIHFS<?<OCFNQB?HNB?L?;L? ;NF?;MNNQIQIL>M;H>;NF?;MNIH?JL?>C=;N?CM JL?M?HNILCGJFC?> 0B?H??>@IL;MSHN;R=IG?M ;FL?;>SQCNBIHFSNQIQIL>M 0B?MCGJF?MN;H> GIL?H;NOL;FMSHN;=NC=gLOF?hQIOF><?MCGJF? DORN;JIMCNCIH<ONNI>>F?LMF?;LHP?LS?;LFSNIOM? GIL?MIJBCMNC=;N?>Q;SMI@=IHH?=NCHA>C@@?L ?HNMSG<IFM MQ?EHIQ;@N?LB;PCHAONN?L?> NB?CL@CLMNQIL>?RJL?MMCHA;QBIF?M?HN?H=? NI>>F?LM=IG<CH?NQIQIL>MOMCHA;J?=OFC;L MSHN;RL;CH? QB?L?IH?QIL>;MMOG?M NB?LIF?I@gJCPINh;H>NB?INB?L=B;HA?M;M CHgG;G;=IG?MhgG;G;AII>h?N=  "LIG NB?P?LSMN;LNQIL>IL>?LCHAN?H>MNI<?>?N?L GCH?><SNB?CHN?H>?>@I=OMNB?=IH=?JNNB;N B;M@I=OM=IG?M@CLMN$;FFC>;S  )IL? =IGJF?RL?F;NCIHMBCJM=;HIHFS<??RJL?MM?><S OMCHAMJ?=C;FgHIH	=IHN?HNhQIL>MFCE?;LNC=F?M JL?JIMCNCIHM?N= ?P?HC@;NNB?<?ACHHCHANB?S ;L?J?L=?CP?>;H>OM?>;MBIFCMNC=@ILGM? A  ?RJL?MMCIHMFCE?gNB?<;FFhILgCHINB?LQIL>Mh G;S<?CHN?H>?>;MgNB?<;FFhILgCHINB?LQIL>Mh <SNI>>F?LM.;J;JILN 

/INB?JLI<F?GNB;N;HA?FIMC>?M=LC<?M ;MIH?I@MSG<IF	MSG<IFL?F;NCIHM=;HG?;H NQI >C@@?L?HN NBCHAM BIQ D7>3F;A@E:;BE ;L? ALIOH>?>ILBIQIAD6E8ADD7>3F;A@E:;BE;L?  +H? =;H ;ME QB?NB?L QIL>M FCE? gQCNBh IL gBIQh;L?MSG<IFMNB?GM?FP?MILNB?SDOMNQILE ;M ; gAFOCHAhG;N?LC;F @IL MSG<IFM JLIJ?LFS =IHMC>?L?> %NBCHENB;NMSHN;=NC=?F?G?HNM;L? JLI=?>OL;FJ;NN?LHM;=KOCL?>PC;MI=C;FCHN?L ;=NCIH ;<ION BIQ NI AFO? NIA?NB?L JLIJ?LFS =IHMC>?L?>MSG<IFM .?F;NCIHMBCJMBIQ?P?L ;L?;<MNL;=N?>;H>ALIOH>?>@LIGM?HMILCGINIL ;H><?SIH>?P?HNM

$;LH;> M??GMNI=IHMC>?LG?;HCHA ;<LI;>?L=IH=?JNNB;HALIOH>CHA ONCM CNJIMMC<F?;HIH	ALIOH>?>G?;HCHAQB;N B;MNI<?;>>?>NIALIOH>CHA@ILI<N;CHCHA G?;HCHA%H$;LH;>jMPC?QCNM??GMNB;N NBCM gJFOMh CM MIG?NBCHA FCE? g@??FCHAh  ON%NBCHENB;NNB?NBCL><C;MNB;NGOMN<? IP?L=IG?CM=IHMC>?LCHAALIOH>CHAMIOL=?M IHFS;M?RN?LH;FC ? MNLC=NFSILCACH;N?><S NB?=;HIHC=;F@CP?M?HM?M ,LIJLCI=?JNCIH CMI@N?H@ILAINN?H;FNBIOABG;HS=IH=?JNM MN?G@LIGIOL<I>CFSMN;N?M? A B;JJCH?MM @LIGQ?FF	<?CHA;H>;L?ALIOH>?>DOMNFCE? PCMO;FJ?L=?JNCIHM

B? /# JLI<F?G @LIG NB? P?LS MN;LN ILCACH;N?> CH ; =IHN?RN NB? BCH?M? .IIG NB? )?LLS	#I	.IOH> MCNO;NCIH ?N=  QB?L? NB?@I=OMQ;MIHG@67DEF3@6;@9  % NBCHE NB;N NB?IHFS?GJCLC=;FQ;S@ILN?MNCHAALIOH>CHA CMDOMNOH>?LMN;H>CHA )?;HCHA;H>ALIOH>CHA NB?H;L?>IO<F?	FCHE?> #LIOH>CHA=;H<?N?MN?> ;MCHP;LC;HNG?;HCHA;=LIMM=B;HA?M<?NB?S MSHN;=NC=ILJL;AG;NC==IHN?RN?RJ?=N;NCIHM ?N=  =B;HA?M  3B?H CHN?LJL?N;NCIH =B;HA?M ALIOH>CHA CM >C@@?L?HN  B;HA?M NB;N >I HIN ;@@?=N OH>?LMN;H>CHA H??> HIN ALIOH>CHA =B;HACHAQIL>IL>?LCHAG;ECHAMSHN;R?LLILM FCE? NI>>F?LM IL J?IJF? <?ACHHCHA NI F?;LH ; @IL?CAHF;HAO;A?;L?@;=NILMNB;NI@N?H>IHIN ;@@?=NOH>?LMN;H>CHA %HNB?M?=;M?MFIIECHA@IL ALIOH>CHAI@MCHAF?QIL>MCMQILNBF?MM

%#%#FI<;F IJSCHAIL>CMNLC<ONCHACHJLCHNIL?F?=NLIHC=@ILGMQCNBIONQLCNN?HJ?LGCMMCIHI@%#%#FI<;F CMJLIBC<CN?>

/FIG;H   /SG<IF#LIOH>CHACM*IN;/?LC IOM,LI<F?G 0B?ILS0?NB?LCHA%M %&7IE>7FF7D  e

        ! $ #       3D43D3 ;A>;FA -@;H7DE;FM .;F3	+3>GF7 +3@ *38837>7!F3>K +H?I@ NB?GIMN CHN?L?MNCHAKO?MNCIHM CH NB? MNO>S I@ F;HAO;A? =IH=?LHM NB? MSG<IF ALIOH>CHAJLI<F?GCHJ;LNC=OF;LNB?L?F;NCIHMBCJ <?NQ??HCH>C=?M;H>MSG<IFM 0B?=;J;<CFCNS I@OMCHACH>C=?MM??GMNI<??RJF;CH;<F?@LIG ;H?PIFONCIH;LSJICHNI@PC?QCHN?LGMI@NB? L?F;NCIHM<?NQ??HNB?;A?HNM;H>NB?CL?HPCLIH G?HN 0B?=;J;<CFCNSNIL?@?LNI?RN?LH;FI<D?=NM <SG?;HMI@CH>?RC=;FF;<?FMCMOM?@OF;A?HNM MN;LNNIJLI>O=?MIOH>MCHNB?JL?M?H=?I@MIG? L?F?P;HNI<D?=NMIL?P?HNM;H> NB??PIFONCIH ;LS JLI=?MM M?F?=NM MO=B ;<CFCNS <?=;OM? I@ CNM OM?@OFH?MM  /IG? ECH>M I@ ;HCG;F JIMM?M MO=B;=;J;<CFCNS;H>;FMIBOG;H<?CHA=;H OM?F;<?FM ONBOG;H<?CHA;L?;FMI;<F?NI OM?MSG<IFMNB;NCMNB?S=;H=L?;N?MSG<IF MSG<IFL?F;NCIHMBCJM 0B?;NN?GJNNI?RJFC=;N? NB? NL;HMCNCIH @LIG ;H CH>?RC=;F MSMN?G NI ; MSG<IF MSMN?G <S G?;HM I@ =IAHCNCP? ;H> LNC@C=C;F%HN?FFCA?H=?GI>?FMCMMNCFFHIN@OFFS M;NCM@SCHA@ILCHMN;H=?LI<INMB;P?HIN<??H ;<F?NI>?P?FIJ;F;HAO;A?L?;FFS=IGJ;L;<F? NIBOG;H F;HAO;A? ON LI<INM>IHjNB;P?; =IHNLIFMSMN?G;MGO=B=IGJF?R;MNB?BOG;H <L;CHCM;MBIGMESJICHN?>IONNB?JIMMC<CFCNS NI>?P?FIJNB?BOG;HF;HAO;A?=IOF>>?J?H> IHNB?JL?M?H=?I@JL?>?N?LGCH?>MNLO=NOL?MCH IOLGCH>M<L;CHM  /O=B MNLO=NOL?M B;P?<??H CH;FFJLI<;<CFCNSH;NOL;FFS>?P?FIJ?><?=;OM? I@NB?CLONCFCNS<S?PIFONCIH;LSJLI=?MM?ML NC@C=C;F(C@?GI>?FM=;H<?OM?@OFCHMBIQCHA MO=B;MJ?=NMI@NB?F;HAO;A?>?P?FIJG?HNCH J;LNC=OF;L;<IONCNMJIMMC<F?<;M?M *?P?LNB? F?MMNB?;=NO;F=IGJF?RCNSI@F;HAO;A?=IOF> ?R=??>NB?JIMMC<CFCNC?MI@;@OFFS?PIFONCIH;LS ?RJF;H;NCIHCHN?LGMI@L?F;NCIHMBCJM<?NQ??H QIL>M;H>I<D?=NM?P?HNM;NF?;MN@ILNB?GIMN =IGJF?R;MJ?=NMI@F;HAO;A?MO=B;MCNMMSG <IFC= F?P?F NB? G?L? L?F;NCIHMBCJM <?NQ??H QIL>M;H>I<D?=NM?P?HNM=IOF>HINL?JL?M?HN; =IGJF?N?FSM;NCM@SCHAMIOL=?I@?RJF;H;NCIH 0I ?RJF;CHNB?GIL?=IGJF?R;MJ?=NMI@F;HAO;A? CN=IOF><?H?=?MM;LSNI;H;FSM?CHN?LH;F	GCH> <L;CH	MNLO=NOL?M (;HAO;A?=IOF><?CHN?LJL?N?> ;M;H;LN?@;=N=L?;N?><SNB?L?F;NCIHMBCJ<?NQ??H NB?BOG;H<?CHAM;H>NB?CL?HPCLIHG?HN<ON IH=?=L?;N?>F;HAO;A?	;M;=IGJF?R=IAHCNCP? MSMN?G	=IOF>?R=??>NB?JLIJ?LNC?M>CL?=NFS >?LCPCHA@LIGMO=BL?F;NCIHMBCJ

G?N;JBILI@MO=BECH>MI@MOJ?LP?HCHA MNLO=NOL?MCMNB?>?P?FIJG?HNI@?=IHIGSNB? OM?I@GIH?SB;M=L?;N?>;MSMN?G	NB??=I HIGC=QILF>	NB;NCM=B;L;=N?LCT?><SJLIJ?LNC?M HINCGG?>C;N?FSL?>O=C<F?NINB?JLIJ?LNC?MI@ G?L??R=B;HA?MGIH?S	AII>M ONNB?L?CM; >C@@?L?H=?<?NQ??H NB??=IHIGSMSMN?G;H> F;HAO;A?MSMN?GQB?L?;MNB??=IHIGS=;H<? ?RJF;CH?>;M;MI=C;F;LN?@;=NCN=IOF><?NB;N F;HAO;A?CM;H;LN?@;=NH;NOL;FCMNC=;FFS?RJF;CH ;<F? 0B? F;HAO;A? MSMN?G=IOF> ?R=??> NB? G?L? CHN?L;=NCIHM<?NQ??H NB?BOG;H<?CHAM ;H>NB?CL?HPCLIHG?HN<?=;OM?I@NB?=L?;NCIH I@;F;HAO;A?MSMN?GGO=BGIL?=IGJFC=;N?> CH=IGJ;LCMIHQCNBMO=BL?F;NCIHM<ONMO=B; MSMN?G=IOF><??RJF;CH;<F?@LIG;H;NOL;FCMNC= JICHNI@PC?QCH=;M?Q?MOJJIM?CNCMCGJF? G?HN?>CH<L;CHMNLO=NOL?M

%H=IH=FOMCIHLNC@C=C;F%HN?FFCA?H=?GI> ?FM	CHJ;LNC=OF;L.I<INC=M;H>LNC@C=C;F(C@? =IOF><?OM?@OFCHMBIQCHANB??PIFONCIH;LS <;M?MI@F;HAO;A?>?P?FIJG?HN<ONNB?CL;=NO;F CH=;J;=CNSCH?RJF;CHCHAMIG?	MSG<IFC=	;M J?=NMI@F;HAO;A?=IOF>>?J?H>IHNB?@;=NNB;N @IL MO=B;H?RJF;H;NCIHQ?H??>;>C@@?L?HN JICHNI@PC?Q;JICHNI@PC?Q=IH=?HNL;NCHAIH NB?JLIJ?LNC?MI@NB?F;HAO;A?=IAHCNCP?MSMN?G  "IL?R;GJF?JLIJ?LNC?MFCE?NB?LOF?M;H;FSM?> " " # !"$!"!  # $  IJSLCABNa

%#%#FI<;F IJSCHAIL>CMNLC<ONCHACHJLCHNIL?F?=NLIHC=@ILGMQCNBIONQLCNN?HJ?LGCMMCIHI@%#%#FI<;F CMJLIBC<CN?>

CH NB? NB?ILS I@ ,LCH=CJF?M ;H> ,;L;G?N?LM >?P?FIJ?><SBIGMES=IOF><??MM?HNC;F@IL NB?BOG;H;<CFCNSI@=L?;NCHAM?NMI@MSG<IF MSG<IF L?F;NCIHMBCJM ;H> @IL NB?CL ;<CFCNS I@ >?P?FIJCHAMB;L?>M?NMI@MSG<IFMLOF?MFCE? NB?M?M??GNI<??MM?HNC;FCHCH>CPC>O;NCHANB? L?F?P;HN;MJ?=NMCHNB?CHHOG?L;<F?>;N;>?LCP?> @LIGNB?L?F;NCIHMBCJ<?NQ??HBOG;H<?CHAM ?;=BINB?LM;H>@LIGNB?L?F;NCIHMBCJ<?NQ??H BOG;H<?CHAM;H>NB?CL?HPCLIHG?HN

      "   A?7@;5A(3D;E;&3F;A@3>*7E73D5:AG@5;> !F3>K %@NB?MSG<IFALIOH>CHAJLI<F?GCMNB?JLI< F?GI@MBIQCHANB;NNB?G?;HCHAI@QIL>MIL M?HN?H=?M CH NB? <L;CH CM HIN L?JL?M?HN?> <S gMSG<IFMh>?=C>?><SOM<ONCML?JL?M?HN?>;M H?OL;FJ;NN?LHMI@;=NCP;NCIHNB;N;L??PIFP?>IL F?;LH?>>OLCHANB?CHN?L;=NCIHMI@NB?CH>CPC>O;F QCNBNB?QILF>%NBCHENB?JLI<F?GCMMIFP?> %N CMHIN=F?;LQB;N;gMSG<IFhGCABN<?MCH=?;FF QBC=B?RCMNMCHNB?<L;CHCMH?OLIHM;=NCP;NCIH F?P?FI@H?OLIHMMSH;JM?M<?NQ??HH?OLIHM;H> MNL?HANBI@NB?M?MSH;JM?M 3IL>M;L?;=IOMNC= MNCGOFCILGIP?G?HNMI@NB?JBIHI	;LNC=OF;NILS ?@@?=NILM;H>NB?S;L?gMSG<IFMhCHNB?M?HM? NB;NNB?CL;O>CNILSJLI=?MMCHA?PIE?MMJ?=C@C= ;=NCPCNC?M CH NB? L?MN I@ NB? <L;CH F;HAO;A? OH>?LMN;H>CHA IL NB?M? ;=NCPCNC?M =;OM? NB? GIP?G?HNMI@NB?JBIHI	;LNC=OF;NILS?@@?=NILM F;HAO;A?JLI>O=NCIH 0B?;=NCPCNC?MCHNB?L?MN I@NB?<L;CHQBC=B;L??PIE?><SB?;L>QIL>M ;H>QBC=B=;OM?NB?JLI>O=NCIHI@QIL>M;L? NB? gG?;HCHAhI@ NB?QIL>M  % M?? NQIIJ?H KO?MNCIHMB?L? "CLMNCMNB?L?;M?J;L;N?>gF?RC =IHhCHNB?<L;CHILNB?gG?;HCHAhI@QIL>MCM ;JLI=?MMQBC=BN;E?MJF;=?CH;FFI@NB?<L;CH QB?HIH?B?;LMILJLI>O=?M;QIL>;H>QBC=B =;H AI CH >C@@?L?HN >CL?=NCIHM ;==IL>CHA NI =IHN?RN;H>B;MHIMJ?=C@C=N?LGCH;NCIH%MNB? gG?;HCHAhI@QIL>M>?LCP?>@LIGNB?J?L=?JNO;F JLIJ?LNC?MI@NB?NBCHAMNIQBC=BNB?QIL>ML?@?L IL@LIGNB?;=NCIHMQCNBQBC=BQ?L?MJIH>NI NB?M?NBCHAM)SJL?@?L?H=?M;L?CH<INB=;M?M @ILNB?M?=IH>;FN?LH;NCP?<ON%NBCHENB?M?;L? CGJILN;HN L?M?;L=B KO?MNCIHM NB;N MBIOF> <? ;>>L?MM?>QCNB<INB?RJ?LCG?HNM;H>=IGJON?L GI>?FM H ?R;GJF? I@ ;H IJ?H KO?MNCIH CM BIQQ?=;H;==IOHN@IL;<MNL;=NQIL>MC@NB? G?;HCHA CMQIL>M CM>?LCP?>@LIGNB?;=NCIH QCNBQBC=BQ?L?MJIH>NINB?NBCHANIQBC=B NB?QIL>ML?@?L *INC=?NB;NMCH=?%NBCHENB;N NB?<L;CHMBIOF>L?JF;=?NB?GCH>CHNB?MNO>S I@<?B;PCIOL;H>NB;N<INBNBCHAM;H>NB?QIL>M NB;NL?@?LNINB?G;L?L?JL?M?HN?>CHNB?<L;CH ;MNB?;=NCIHMQCNBQBC=BQ?L?MJIH>NINB?G NB? GIMN ;JJLIJLC;N? MCGOF;NCIH GI>?FM ;L? H?OLI	LI<INC=GI>?FMNB;NCMNB?=IHMNLO=NCIH I@?CNB?LMCGOF;N?>ILJBSMC=;FFSL?;FCT?>LI<INM NB;NCHN?L;=NQCNB;JBSMC=;F?HPCLIHG?HN;H> ;L?AIP?LH?><S;H?OL;FH?NQILE

HINB?L=F;CGI@MSG<IFALIOH>CHACMNB;N NB?G?;HCHAI@QIL>MCM;ONIHIGIOMFS;=KOCL?> ;M;=IHM?KO?H=?I@NB?CH>CPC>O;FjMCHN?L;=NCIH QCNBNB?JBSMC=;F;H>MI=C;FQILF> %NBCHENBCM ;FMIB;M<??H?MN;<FCMB?>MCH=?ILA;HCMGM;L? HINJLIAL;GG?><S;HSIH?<ONNB?S;L?QB;N NB?S;L?;M;L?MOFNI@;ONIHIGIOMJLI=?MM?M CH=FO>CHA?PIFONCIH>?P?FIJG?HN;H>F?;LHCHA  $IQ?P?LCNCMMNCFFH?=?MM;LSNI;=NO;FFSMBIQ BIQNB?G?;HCHAMI@QIL>M;L?;=KOCL?>;H>% NBCHENB;NNBCMMBIOF><?>IH?HINIHFS<SMNO>S CHAH;NOL;FILA;HCMGM<ON;FMI<S=IHMNLO=NCHA ;LNC@C=C;FILA;HCMGM LI<INM NB;N CHCNC;FFS;L? HIN;<F?NIL?MJIH>;JJLIJLC;N?FSNIQIL>M;H> M?HN?H=?MILNIJLI>O=?QIL>M;H>M?HN?H=?M CHNB?;JJLIJLC;N?=CL=OGMN;H=?M;H>NB?HNB?S ;=KOCL?NB?M?;<CFCNC?M HCGJILN;HNL?M?;L=B CMMO?B?L?CMNB?L?MJ?=NCP?LIF?I@?PIFONCIH>? P?FIJG?HN=B;HA?M>OLCHAFC@?G;CHFS<;M?>IH NB?CHB?LCN?>A?HINSJ?;H>F?;LHCHA=B;HA?M G;CHFS>O?NINB?J;LNC=OF;L?RJ?LC?H=?MI@NB? CH>CPC>O;FCHNBCM;=KOCMCNCIH;H>?MJ?=C;FFS BIQNB?M?NBL??JLI=?MM?MI@=B;HA?CHN?L;=N  )IMN=IGJON;NCIH;F;H>LI<INC=GI>?FMB;P? HIN;>>L?MM?>NB?M?CHN?L;=NCIHMS?N

%#%#FI<;F IJSCHAIL>CMNLC<ONCHACHJLCHNIL?F?=NLIHC=@ILGMQCNBIONQLCNN?HJ?LGCMMCIHI@%#%#FI<;F CMJLIBC<CN?>

NB?CL?RJ?LC?H=?;H>NBCM=I	P;LC;NCIHCM=;JNOL?> <SNB?<L;CH 0BCM=;H<?MBIQHQCNBMCGOF;NCIHM CHQBC=B NB? H?OL;F H?NQILEI@ NB? ;LNC@C=C;F ILA;HCMGCMG;>?OJI@NQIMO<	H?NQILEMIH? G;JJCHAJ?L=?CP?>?HNCNC?M CH NB?QILF> CHNI GIP?G?HNMI@NB?HIH	FCHAOCMNC=?@@?=NILM;H> NB?INB?LIH?G;JJCHAB?;L>QIL>MCHNIGIP? G?HNMI@NB?JBIHI	;LNC=OF;NILS?@@?=NILMQCNB NB?NQIMO<	H?NQILEMFCHE?><S<C	>CL?=NCIH;F =IHH?=NCIHM  ?=;OM? I@ NB?M? <C	>CL?=NCIH;F =IHH?=NCIHMC@;B?;L>QIL>=I	P;LC?MQCNB; HIH	FCHAOCMNC=;=NCIHCHNB?ILA;HCMGjM?RJ?LC ?H=?NB?ILA;HCMGQCFFL?MJIH>NINB?B?;L> QIL> <S ?R?=ONCHA NB? HIH	FCHAOCMNC= ;=NCIH F;HAO;A?OH>?LMN;H>CHA %@NB?J?L=?JNCIHI@ ;NBCHA=I	P;LC?MQCNBNB?JLI>O=NCIHI@;ACP?H QIL> <S NB? ILA;HCMGjM JBIHI	;LNC=OF;NILS ?@@?=NILM NB? ILA;HCMG QCFF L?MJIH> NI NB? J?L=?CP?>NBCHAQCNBNB?M?JBIHI	;LNC=OF;NILS GIP?G?HNMF;HAO;A?JLI>O=NCIH *INC=?NB;N GI>?FMMO=B;MNB?M?=;H;FMI;==IOHN@ILNBCHE CHA;MN;FECHANIIH?M?F@QBC=BCMAICHA@LIG NB?HIH	FCHAOCMNC=MO<	H?NQILENINB?FCHAOCMNC= MO<	H?NQILE;H>PC=?P?LM;)CLIFFC,;LCMC   @ILMIG?;MJ?=NMI@F;HAO;A?F?;LH CHAMO=B;MNB?NL;HMCNCIH@LIG<;<<FCHAQBC=B CMG;JJCHAB?;L>QIL>MCHNIJLI>O=?>QIL>M CHMC>?NB?FCHAOCMNC=MO<	H?NQILENIF;HAO;A? OH>?LMN;H>CHAJLI>O=NCIHQBC=BL?KOCL?MNB? ;=KOCMCNCIHI@NB?;JJLIJLC;N?MSH;JNC=Q?CABNM @ILNB?<C	>CL?=NCIH;F=IHH?=NCIHM<?NQ??HNB? NQI MO<	H?NQILEM ;H> J?LB;JM QCNB INB?L JB?HIG?H; MO=B ;M NB? @;MN?L ;=KOCMCNCIH I@ F;HAO;A?=IGJL?B?HMCIHPMF;HAO;A?JLI>O= NCIH<S=BCF>L?H;H>NB?AL?;N?L>C@@C=OFNS@IL ;A?CHACH>CPC>O;FMNI@CH>NB?QIL>MNB;NL?@?LNI NBCHAMNB;HNIOH>?LMN;H>NB?M?M;G?QIL>MC@ Q?;MMOG?NB;NNB?FCHAOCMNC=H?NQILECMMCAHC@C =;HNFSF;LA?LNB;HNB?FCHAOCMNC=MO<	H?NQILE

MCH>C=;N?>CHNB?N;LA?N;LNC=F?;HINB?L IJ?HKO?MNCIHCMNB?OH>?LMN;H>CHAJLI>O=NCIH I@M?HN?H=?M;MM?KO?H=?MI@QIL>MJIMM?MMCHA; G?;HCHAQBC=B=;H<?>?LCP?>@LIGNB?G?;H CHAMI@NB?=IHMNCNO?HNQIL>M 0B?N;LA?N;LNC=F? FCHEMNBCMgMSHN;=NC=h;MJ?=NI@BOG;HF;HAO;A? QCNBNB?CMMO?I@QB;N>CMNCHAOCMB?MQIL>M@LIG C=IHM<ONNB?HINCIHI@;HC=IHCMCHMO@@C=C?HNFS =F?;L /IG?=IGJON?LGI>?FMNLSNIMCGOF;N? HIOHM;MQIL>MNB;N=I	P;LSQCNBNB?I<D?=NM J?L=?CP?><SNB?;LNC@C=C;FILA;HCMG;H>P?L<M ;MQIL>MNB;N=I	P;LSQCNBQBC=BNB?;=NCIHM QCNBQBC=BNB?;LNC@C=C;FILA;HCMGL?MJIH>MNI NB?M?I<D?=NM;H>NB?M?MCGOF;NCIHMMBIQNB;N NB?;LNC@C=C;FILA;HCMGM;L?;<F?NIL?MJIH>;J JLIJLC;N?FSNIH?Q=IG<CH;NCIHMI@HIOHM;H> P?L<MNB?L?@IL?L?JLI>O=CHAQB;NCM=;FF?>NB? gA?H?L;NCPCNShI@F;HAO;A?,;LCMC;HA?FIMC ";F=?NN; ;HA?FIMC,;LCMC   $IQ?P?LL?NOLHCHANIIOLHINCIHI@G?;HCHA ;MJLI=?MM?MNB;NN;E?JF;=?CHNB??HNCL?<L;CH ;H>NB;N=;HAICH>C@@?L?HN>CL?=NCIHM>?J?H>CHA IHNB?=IHN?RN%NBCHENB;NIH?MBIOF>=IHMC>?L NB;NJOL?A?H?L;NCPCNSCMKOCN?L;L?CHNB?;=NO;F OM?I@F;HAO;A?;H>NB;N;H?F?G?HNI@C>CIG; NC=CNSCMJL?M?HNCH;FGIMN;FFM?HN?H=?M3L;S   0BCM=;H<?MCGOF;N?>C@IH?;MMOG?MNB;N M?HN?H=?M;L?HINOH>?LMNII>ILJLI>O=?><S JONNCHANIA?NB?LNB?G?;HCHAMI@NB?=IHMNCNO?HN QIL>MIHNB?<;MCMI@A?H?L;FMSHN;=NC=LOF?M<ON <S;MJL?;>CHAI@=IHNCHOIOMH?OL;F;=NCP;NCIH CHNB??HNCL?<L;CH

 ;HA?FIMC ,;LCMC   0B?JLI=?MMCHA I@P?L<M;H>HIOHMCHH?OL;FH?NQILEMCHMCABNM@LIG MSHNB?NC=<L;CHCG;ACHA D3;@3@6$3@9G397  e >IC

)CLIFFC )   ,;LCMC     0IQ;L>M ;2S AINMES;H=IAHCNCP?LI<INC=M0B?LIF?I@F;HAO;A?;M ;=IAHCNCP?NIIF &7I!673E;@(EK5:A>A9K

%#%#FI<;F IJSCHAIL>CMNLC<ONCHACHJLCHNIL?F?=NLIHC=@ILGMQCNBIONQLCNN?HJ?LGCMMCIHI@%#%#FI<;F CMJLIBC<CN?>

   $    .;@57@F   %S>>7D @3FA>;3 A>>797, 7D?3@K i#LIOH>CHAjCMMIG?BIQ>?MCL;<F?@ILLI <INC=M<ONCNCMHINN?LLC<FS=F?;LQBSBIQ;H> @ILQB;N $CMNILC=;FFS/?;LF?B;>;NN;=E?>NB? =F;CGMNB;N;=IGJON?L=;HFCN?L;FFS<?M;C>NI G@67DEF3@6ILNI7JB>3;@NB?BOG;H;<CFCNSNI OH>?LMN;H> $CM;LAOG?HNQ;MNB;N;=IGJON?L IHFS>I?MMSHN;=NC=;FiMSG<IFjG;HCJOF;NCIH;H> NBOM;MSMN?G=;HHINgNBCHEOH>?LMN;H>;H>MI IHEA>7>KCHPCLNO?I@<?CHA;=IGJON?LQCNBNB? LCABNMILNI@JLIAL;Gh/?;LF? J   $;LH;>NOLH?>NBCMCHNINB?=B;FF?HA?NB;NNB? MSG<IFMCH;G;=BCH?QCNBCHN?HNCIH;FJLIJ?L NC?MFCE?OH>?LMN;H>CHAILG?;HCHAMBIOF><? iALIOH>?>jPC;=;OM;F=IHH?=NCIHNINB?QILF> $;LH;>  INBI@NB?M?;ONBILMQ?L?QILE CHA;A;CHMNNB?NB?H>?@;OFN NB?MCMNB;NBOG;H =IAHCNCIHCM=IGJON;NCIH %@NBCMCM;MMOG?>CN @IFFIQMNB?M;G?=IGJON;NCIH;F@OH=NCIHM=;H <?=;LLC?>IONIH>C@@?L?HNB;L>Q;L?? A MCFC=IH =BCJMCHMN?;>I@H?OLIHM

+H NBCM <;=EALIOH> % M?? @IOL MSG<IF ALIOH>CHAJLI<F?GM

 $IQ =;H ; JOL?FS =IGJON;NCIH;F GCH> ;=KOCL?G?;HCHA@OFMSG<IFM  $IQ=;HQ?A?N;=IGJON;NCIH;FLI<INNI MBIQNB?LCABNFCHAOCMNC=<?B;PCIL 0B?M?NQI;L?GCMF?;>CHA0B?@CLMNIH?=;H HIN<?MIFP?>)^FF?L ;H>NB?M?=IH>IH? GCABNHINCHPIFP?ALIOH>CHAMCH=?CNDOMNL?KOCL?M NB?LCABNIONJON 3?H??>;JLI<F?GNB;N>I?M HIN;MMOG?=IGJON;NCIH;FCMG<ONAI?M<?SIH> iIONJONj NIQ;L>M ALIOH>CHA I@ JO<FC= H;NOL;F F;HAO;A? %H;H;FIASNINB?>CMNCH=NCIH<?NQ??H; iB;L>j;H>;Hi?;MSjJLI<F?G;<ION=IHM=CIOMH?MM B;FG?LM %QIOF>MOAA?MN  $IQ =;HQ? ?RJF;CH ;H> L?	JLI>O=? NB? 47:3H;AD3>34;>;FK;H>8G@5F;A@I@G?;HCHA CH;LNC@C=C;F=IGJON;NCIH;F;A?HNM  $IQ>I?MJBSMC=MACP?LCM?NIG?;HCHA 3?>IHIN?P?HEHIQBIQNIMN;LNIHNB? iB;L>JLI<F?GjCH@LIGJBSMC=MNICHN?HNCIH;F MN;N?M ;H> JB?HIG?H;F =IHM=CIOMH?MM MI Q? MBIOF>N;=EF?NB?i?;MSJLI<F?GjCH<?B;PCIL ;H>@OH=NCIH

;HA?FIMCjM NBL??iMO<	JLI<F?GMj;L?J;LN I@NBCMIHFSNB;N%>IO<NQB?NB?LIOLJLI<F?G CM NB;N I@ ; FIH?FS ;H> @OFFS CHN?FFCA?HN ;A?HN NLSCHANI;=KOCL?<;MC=MSG<IFMNB?HNINL;HM@?L NB?ALIOH>CHA;H>@CH;FFSNIH?AINC;N?CH=IG GOHC=;NCIHQCNB INB?L ;A?HNM  % N?H> NI NBCHE NB;N;H;==IOHNI@8G@5F;A@I@H;NOL;FF;HAO;A? ;H>F;HAO;A?;=KOCMCNCIHCHBOG;HMQCFFB;P? NI;==IOHN@ILNB?@OH=NCIHI@F;HAO;A?CHCHN?F FCA?H=?;H>@ILNB?MI=C;F@OH=NCIHI@F;HAO;A?

%#%#FI<;F IJSCHAIL>CMNLC<ONCHACHJLCHNIL?F?=NLIHC=@ILGMQCNBIONQLCNN?HJ?LGCMMCIHI@%#%#FI<;F CMJLIBC<CN?>

%@Q?JL?N?H>NIMIFP?NB?MSG<IFALIOH> CHAJLI<F?GNQI@OH>;G?HN;F@;=?NMB;P?NI <? JF;=?> NI @L;G? NB? >CM=OMMCIH  0B? @CLMN JL?=?>?MNB?MSG<IFALIOH>CHA>CM=OMMCIH;H> F;SMCHNB?LIINMI@;S?NIJ?HCMMO?CH;LNC@C=C;F CHN?FFCA?H=? BIQ=;H MIG?NBCHA<?=IG? ;@ FD;@E;5NI;H3GFA@A?AGE;LNC@C=C;F;A?HN0B? M?=IH>;MJ?=NCMCGJILN;HNNI<?NN?L>?@CH?NB? MJ?=C@C=JLI<F?GI@EK?4A>ALIOH>CHAQB;NCM ;EK?4A>;H>BIQQ?=;H>CMNCHAOCMBCN@LIG INB?LMCAHM 0B? GINCP;NCIH @IL MIFPCHA NB? MSG<IF ALIOH>CHAJLI<F?G<S;FFIQCHA NB?;A?HN NI 3GFA@A?AGE>K <OCF> ;@FD;@E;5 FCHEM <?NQ??H MSG<IFMNIL?@?L?HNMFC?MIHNB??;LFSJ?L=?J NCIH<S/?;LF? ;H>$;LH;> NB;N MSG<IFM =;HHIN <? CGJON?> <S ;H ?RN?LH;F JLIAL;GG?L M$;LH;> JIM?MgNB?M? G;HNC=CHN?LJL?N;NCIHI@;@ILG;FMSG<IFMSMN?G 7GOMN8<?G;>?CHNLCHMC=NINB?MSMN?GL;NB?L NB;HDOMNJ;L;MCNC=IHNB?G?;HCHAMCHIOLB?;>Mh  /IC@Q??RJ?=NNIMIFP?NB?MSG<IFALIOH>CHA JLI<F?GQ?H??>NI@CH>IONBIQ=;HNBCHAM <?=;G?;@FD;@E;5NI;H;LNC@C=C;FCMMO?;H>HIN L?FSIHMIG?NBCHACGJIM?>ILJL?	>?@CH?><S NB?MSMN?G>?MCAH?L NBOM;FFIQCHA NB?;A?HN NI<?=IG? NLOFS3GFA@A?AGE LIIEM   JICHN?>IONNB?JBSMC=;FALIOH>CHABSJINB?MCM ;MNB?@CLMNMN?J@IL;LNC@C=C;FMSMN?GM;H>NB? MCNO;N?>;H>?G<?>>?>=IAHCNCIH;JJLI;=BB;M <??H<LIOABN@ILNB;M;@L;G?QILEQB?L?;LNC @C=C;F;ONIHIGIOM;A?HNMMBIOF><?JBSMC=;FFS =IHH?=N?>QCNBCNM?HPCLIHG?HN;H>=IAHCNCP? =IGJ?N?H=?MMBIOF><?;JLI>O=NI@NB?;A?HNM BCMNILSI@CHN?L;=NCIHM *?P?LNB?F?MM6C?GE?  6C?GE?;H>/B;LE?S ;H>"LI?M? ;H>6C?GE? JICHN?>IONNB;NNBCMJLI=?MM I@G;ECHAMIG?NBCHACHNLCHMC=NI;H;LNC@C=C;F ;A?HN<SALIOH>CHA;BCAB?L	F?P?FJLI=?MMCH FIQ?L	F?P?FJLI=?MM?M=;H<?=;G?L;NB?LL?=OL MCP?<?=;OM?NB?FIQ?L	F?P?FJLI=?MM?MMBIOF> ;FMI <? CHNLCHMC= NI NB? ;A?HN ;H> NB?L?@IL? MBIOF> <? ALIOH>?> CH NB? H?RN FIQ?L	F?P?F JLI=?MM?M +H?GCABN;HMQ?LNB;NC@NB?;A?HN CM ;ONIHIGIOM CNM AI;FM ;L? NB? ?H> I@ NBCM ALIOH>CHA JLI=?MM <ON ;M$;M?F;A?L   JICHNMIONNB;NGCABNHIN<?;H?;MSN;MEJ;L NC=OF;LFSC@;ONIHIGSG?;HMNB??MN;<FCMBG?HN I@CNMIQHAI;FM $;M?F;A?L JLIJIM?MNB;N CNCM@OH>;G?HN;FFSNB?<I>S;H>NB?iIHAICHA ;NN?GJNNIE??JCNMMN;<CFCNSjNB;N=;H;FFIQ;H ;A?HN NI<?;ONIHIGIOM ON NB?KO?MNCIHI@ BIQ;L?NBCM<I>S;H>CNMCHN?LH;F@OH=NCIHCHA CHNLCHMC=NINB?;A?HNCNM?F@L?G;CHM 0BCM=;HNOLH CHNI;H?P?L?H>CHAM?;L=B@IL;Q;SI@G;ECHA NB?OFNCG;N?F?P?FCHNLCHMC=;H>Q?=IOF>?H> OJM;SCHANB;NHINBCHA=;H<?>?@CH?>;JLCILC ;H>Q?=;HHINJF;H;HS;MJ?=NI@NB?;A?HN  +@=IOLM?NIM;SMIG?NBCHACMCHNLCHMC=IHFSC@ ;FFF?P?FM;L?CHNLCHMC=GCABNHINB?FJE??JCHA NB?>?<;N?;H>Q?NBCHE;<?NN?LKO?MNCIHCMNI M;SOJNIQB;NF?P?FCM;JLI=?MMCHNLCHMC=NI NB?;A?HNH>CH>CM=OMMCHAMSG<IFALIOH>CHA OJNIQB;N=IAHCNCP?<I>S?HPCLIHG?HNF?P?F ;L?MSG<IFMALIOH>?>@ILNB?;A?HN %@Q?QCMBNIALIOH>MSG<IFMQ?;FMIH??> NIJL?=CM?FS>?@CH?QB;NCNN;E?M@ILMIG?NBCHA NI<?;MSG<IF;H>BIQCNCM>C@@?L?HN@LIGINB?L MCAHM MSG<IFCM;NSJ?I@MCAH;H>;==IL>CHA NI / ,?CL=?;MCAHCMMIG?NBCHANB;NL?@?LM NIMIG?NBCHA?FM?CNMI<D?=NCHMIG?L?MJ?=N @IL;HCHN?LJL?N?LCHQBIGCNMJLI>O=?M;H?@ @?=NCNMCHN?LJL?N;HN /I@ILMIG?NBCHANI<? ;MCAHCNMBIOF>HINIHFS<?=IHH?=N?>NICNM I<D?=N<ONCNMBIOF>;FMIJLI>O=?;H?@@?=NCHNB? CHN?LJL?N?L<?=;OM?C@NB?L?CMHIION=IG?CNCM HIN;MCAH;H>NB?L?@IL?=;HHIN<?;MSG<IF  JLIJ?LOH>?LMN;H>CHAI@MCAHJLI=?MM?M>?G;H>M ;NSJIFIAS>?M=LC<CHANB?ECH>MI@MCAHMNB;N =;H<?CHPIFP?>CHJ;LNC=OF;LM?GCINC=JLI=?MM?M ? A  MSG<IFC=  /?GCINC= JLI=?MM?M MBIQ ; L?G;LE;<F?GILJBIFIAC=;FP;LC?NS %H;H;NN?GJN NI ;>P;H=? CH NB? OH>?LMN;H>CHA I@ M?GCINC= JLI=?MM?M,?CL=?JLIJIM?>M?P?L;FNSJIFIAC?M QCNB>C@@?L?HN>?AL??MI@L?@CH?G?HN;H>M?P?L;F L?F;NCIHMBCJMNIIH?;HINB?L <;MC=NSJIFIAS CHBCM@L;G?QILE>C@@?L?HNC;N?M<?NQ??HC=IHC= CH>?RC=;F;H>MSG<IFC=JLI=?MM?M %HBCMgGIMN @OH>;G?HN;F>CPCMCIHI@MCAHMh,?CL=?  J  B?=B;L;=N?LCT?>C=IHMCH>?R?M;H> MSG<IFM;MG;N=BCHAL?MJ?=NCP?FSL?F;NCIHMI@ MCGCF;LCNS=IHNCAOCNS;H>F;Q<?NQ??HNB?MCAHM ;H>CNMI<D?=N %=IHM;L?MCAHMNB;NMN;H>@ILNB?CL I<D?=NM<S;MCGCF;LCNSILL?M?G<F;H=?HIG;N N?LC@NB?SMBIQ;HSMJ;NCI	N?GJIL;FJBSMC=;F =ILL?F;NCIHQCNB;H?RCMN?HNI<D?=N %HNBCM=;M?

%#%#FI<;F IJSCHAIL>CMNLC<ONCHACHJLCHNIL?F?=NLIHC=@ILGMQCNBIONQLCNN?HJ?LGCMMCIHI@%#%#FI<;F CMJLIBC<CN?>

;MCAHL?@?LMNI;HI<D?=NCHPCLNO?I@;=?LN;CH KO;FCNSQBC=BCMMB;L?><?NQ??HNB?G %H>?R?M ;L?MCAHMQBC=BL?@?LNINB?CLI<D?=NM>O?NI; >CL?=NJBSMC=;F=IHH?=NCIH<?NQ??HNB?G /CH=? CHNBCM=;M?NB?MCAHMBIOF><?>?N?LGCH?><S NB?I<D?=N? A <SG?;HMI@;=;OM;FL?F;NCIHMBCJ <INBGOMN?RCMN;M;=NO;F?P?HNM /SG<IFM;L? MCAHMNB;N;L?L?F;N?>NINB?CLI<D?=NNBLIOAB; >?N?LGCH;NCP?L?F;NCIHI@F;QLOF?IL=IHP?H NCIH MSG<IF<?=IG?M;MCAHI@MIG?I<D?=N G?L?FSILG;CHFS<SNB?@;=NNB;NCNCMOM?>;H> OH>?LMNII>;MMO=B<SNB?CHN?LJL?N?LQBI?M N;<FCMB?MNBCM=IHH?=NCIH 0B?L?@IL?@IL;MCAH NI<?;MSG<IF;==IL>CHANI,?CL=?NB?L?CMHI H??>@ILCNNI<?=IHH?=N?>NIINB?LMSG<IFM NB?IHFSL?KOCL?G?HNCMNB;NNB?CHN?LJL?N?LCM NB?IH?L?MJIHMC<F?@IL=IHH?=NCHANB?MSG<IF NICNMI<D?=N-O?CLIT.C<?CLI .C<?CLI ?N;F   +NB?LJLIJ?LNC?MMO=B;MBIF>CHA L?F;NCIHMQCNBINB?LMSG<IFMACP?LCM?NI;NSJIF IASL?@CH?G?HNQB?L?=F;MM?MI@MSG<IFM=;H <?=B;L;=N?LCT?> ONCH;HCH>?RC=;FL?F;NCIH IHNB?INB?LB;H>NB?CHN?LJL?N?LB;MHINBCHA NI>IQCNBNB?MCAH	I<D?=N=IHH?=NCIHCNIHFS L?G;LEM;H;FL?;>S?MN;<FCMB?>MJ;NC;F	N?GJIL;F JBSMC=;F L?F;NCIH MCH=? NB? CH>?R i>CL?=N NB? ;NN?HNCIHNINB?CLI<D?=NM<S<FCH>=IGJOFMCIHj ,?CL=? J   0BOMC@;H;A?HN;@N?L B?;LCHA;MCAH=;HHIN?MN;<FCMBIHCNMIQHNB? L?@?L?HN@ILNBCMMCAH<ONM??EM@ILNB?L?@?L?HN CHNB??HPCLIHG?HNCNCHN?LJL?NMNB?MCAH;M;H CH>?R<ONCNCM;<F?NI>?N?LGCH?NB?L?@?L?HN ?P?HCHCNM;<M?H=?NB?MCAHCM;MSG<IF %H >?R?M;M>?@CH?><S,?CL=?B;M<??HH?AF?=N?> <SL?M?;L=BIHMSG<IFALIOH>CHA<ONCHFCH? QCNB,?CL=?jM=IH=?JNCIHNB;NMSG<IFMCHPIFP? CH>?R?M;H>CH>?R?MCHPIFP?C=IHMQ?B;P? MBIQHBIQCH>?R?M;H>MSG<IFM=;H?G?LA? ;H>BIQMSG<IFM=;H<??G?LA?@LIGCH>?RC =;F?RJ?LC?H=?M(IOF;?N;F  CHJL?MM  #CP?HNB?>?@CHCNCIHMI@>C@@?L?HNMCAH=F;MM?M ;H> ;H CH>C=;NCIH I@ CNM CHN?LL?F;N?>H?MM ;H> JL?=?>?H=?Q?=;HL?@L;G?;KO?MNCIH3B;N CNN;E?MNIAI@LIGCH>?RC=;FJLI=?MM?MNIMSG <IFC=JLI=?MM?MH>@LIGC=IHC=JLI=?MM?MNI CH>?RC=;FJLI=?MM?MH>BIQ=;HQ?@OLNB?L ?G?LA?NB?>C@@?L?HNMO<=F;MM?MI@C=IHMCH>?R?M ;H>MSG<IFM  LIIEM.   !F?JB;HNM>IHjNJF;S=B?MM *A4AF ;5E3@6GFA@A?AGE+KEF7?Ee  >IC

D ;LNCHN  

=IAMSM  

 (IOF; #O>QCH. -O?CLIT& CHJL?MM +H NB??G?LA?H=?I@CH>?RC=;F;H>MSG<IFC=CHN?LJL?N; NCIHCH;LNC@C=C;F=L?;NOL?MIL3B;NCMNBCM%B?;L%H (DA5776;@9EA80!!>;87A@87D7@57

-O?CLIT & .C<?CLI /    0B? <CIFIAC=;F MO<MNL;N?I@C=IHMCH>?R?M;H>MSG<IFMCH;HCG;F =IGGOHC=;NCIH;H?OLIM?GCINC=;H;FSMCMI@2?LP?N GIHE?S;F;LG	=;FFM %H/B;JCLI) !> ,:7(7;D57 +7?;@3D(3B7DEV,:7+F3F7A8F:7DF.A> JJ  e *?Q5ILE?LAB;BHIIEM

%#%#FI<;F IJSCHAIL>CMNLC<ONCHACHJLCHNIL?F?=NLIHC=@ILGMQCNBIONQLCNN?HJ?LGCMMCIHI@%#%#FI<;F CMJLIBC<CN?>

C?GE?0 /B;LE?S*   MNLIFFNBLIOAB NB?QILF>MI@LI<INM;H>;HCG;FMJJFSCHAD;EI< PIHO?RÊFFjMNB?ILSI@G?;HCHANI;>;JNCP?LI<INM ;H> ;LNC@C=C;F FC@?  +7?;AF;53    e  >IC

 M?GC      *;53D6AG6I;@-&!%(D3L;> %HBCM N;LA?N;LNC=F?;HA?FIMC>CM=OMM?M QB;N;L?CHBCMPC?QNB?NBL??<CA=B;FF?HA?MCH NB?>?P?FIJG?HNI@;ALIOH>?>MSG<IFMSMN?G NB?FCHEI@MSG<IFMNIL?@?L?HNMNB?MSG<IF MSG<IFL?F;NCIHMBCJ;H>NB?>?P?FIJG?HNI@; MB;L?>M?NI@MSG<IFM;GIHA;MI=C?NSI@;A?HNM  %HNBCM=IGG?HN%QIOF>FCE?NI=IHNLC<ON?NI MO=B >CM=OMMCIH CHM?LNCHA ; H?Q >CG?HMCIH QBC=BCHGSIJCHCIHCM<?CHAH?AF?=N?><SNB? =IGGOHCNSCHPIFP?>CHNB?MSG<IFALIOH>CHA JLI<F?GQBC=B%QCFF<?=;FFCHAB?L?NB?gC=IH ALIOH>CHAJLI<F?GhNIG;E?;H;MMI=C;NCIHNI NB?gMSG<IFALIOH>CHAJLI<F?Gh 3B;NCMNBCM JLI<F?G;H>BIQCNL?@?LMNINB?gMSG<IFALIOH> CHAJLI<F?GCNM?F@h"LIGGSJICHNI@PC?Q ?P?HNBIOABCNCMJIMMC<F?NIALIOH>MSG<IFM@IL NBCHAM;H>JF;=?MCHN?LGMI@M?HMILM;=NO;NILM NBCM ;JJLI;=B CM >IIG?> NI @;CFQB?H NLSCHA NIALIOH>QBIF?JBL;M?M;H>HINDOMNMCHAF? QIL>M>CL?=NFSIHM?HMIL;=NO;NIL>;N; 3BS ?=;OM?NBCMCMHINNB?Q;SQ?BOG;HM>I QBCF?J?L=?CPCHAIOLQILF> 3?>IHINMCGJFS B;P?;G?GILSI@;G;HC@IF>I@>;N;;G;HC@IF> I@JLIJ?LNC?MIL;NNLC<ON?M 3?M??gI<D?=NMhCH NB?QILF> 3?<OCF> gM=?H?Mh IL g?JCMI>?Mh QCNBNB?M?I<D?=NM H>IOLJBL;M?M>IHINDOMN =ILL?F;N?QCNBL;Q>;N; 1MO;FFSIOLJBL;M?M L?F;N?NINB?M?M=?H?M;H>NB?M?I<D?=NM 0B?S g>?M=LC<?hNB?M?M=?H?MQCNBMO<MN;HNCP?MQBC=B L?@?LNINB?M?I<D?=NM;H>P?L<MQBC=BL?@?LNI ;=NCIHM;GIHAI<D?=NM ON?P?HNBIOABIOL =IGGIH	M?HM?ACP?MOMMO=BCFFOMCIHI<D?=NM ;H>;=NCIHM;L?HINL?;FFSNB?L?CHNB?QILF>  +<D?=NM;H>;=NCIHM;L?g;<MNL;=NCIHMh=L?;N?> <SIOLGCH>NI?RJF;CHNB?>;N;QBC=B@FIQMCH IOLM?HMILM;H>;=NO;NILM? A JC=ENB??R;GJF? I@M??CHAMB;J?M;H>@;=?MCH=FIO>M %HINB?L QIL>M NB?M?I<D?=NM ;H>;=NCIHM ;L? gC=IHMh I@M?HMIL;=NO;NIL>;N;=L?;N?><SG?;HMI@; JLI=?MMI@g;<MNL;=NCIHh /IQB;NCMNB?gC=IH ALIOH>CHAJLI<F?Gh;H>BIQCNL?F;N?MNINB? gMSG<IFALIOH>CHAJLI<F?Gh)SJICHNCMNB;N C@Q?>CL?=NFSNLSNIL?F;N? QILF>	M?HMIL;=NO;NIL>;N;	MSG<IFM Q?QCFF HIN <? ;<F? NI MO==??> 3? H??> NI CH=FO>?;H?Q?L>CG?HMCIHCHNBCM;H;FSMCM QILF>	M?HMIL;=NO;NIL>;N;	%+*/ 	MSG<IFM %HGSJICHNI@PC?QMSG<IFMMBIOF>HIN <?ALIOH>?>>CL?=NFSIHM?HMIL;=NO;NIL>;N; <ONMSG<IFMGOMN<?ALIOH>?>CH%+*/ H> %+*/MBIOF><?ALIOH>?>CHM?HMIL;=NO;NIL >;N; 0B?<CAA?MNJLI<F?GHIQCMHINNI@CH> L?@?L?HNM@ILMSG<IFM 0B?L?@?L?HNM@ILMSG<IFM MBIOF><?C=IHM 0B?JLI<F?GHIQCMBIQ>I Q?GI>?FNB?M?C=IHM;H>ALIOH>NB?GCHM?H MIL;=NO;NIL>;N; H>NB?=LO=C;F;MJ?=NCHNBCM JLI<F?GCMBIQQ?GI>?Fg;<MNL;=NCIHhCHMO=B ;N;ME 0BCMCMNB?gC=IHALIOH>CHAJLI<F?Gh  +H=?Q?;L?;<F?NIGI>?Fg;<MNL;=NCIHhQ? QCFF<?;<F?NI=L?;N?C=IHML?JL?M?HNCHAHINDOMN I<D?=NM;H>;=NCIHM<ONQBIF?M=?H?M H>IHFS QB?HQ?;L?;<F?NIGI>?FQBIF?M=?H?MQ? QCFF<?;<F?NI@OFFSALIOH>=IGJF?N?JBL;M?M CH;H;NOL;F F;HAO;A? +HFSQB?HQ?B;P?; GI>?F@ILg;<MNL;=NCIHh C ? ;JLI=?>OL?@IL <OCF>CHA;H>GI>C@SCHAC=IHMQ?QCFF<?;<F? NI@OFFSMIFP?NB?gMSG<IFALIOH>CHAJLI<F?Gh  /IG?IH?G;SI<D?=NNB;NM?HMIL;=NO;NIL>;N; ;L? ;FMI C=IHM I@ L?;FCNS ;H> NB?S ;L? LCABN  0B?S ;L? ; MJ?=C@C= ECH> I@ C=IHQ? =;FF ;H gCG;A?h ON ;==IL>CHA NI ,?CL=? NB?L? ;L? GIL??PIFP?>ECH>MI@C=IHM? A g>C;AL;GMh ;H>gG?N;JBILMhQBC=BH??>NI<??RJFIL?>  0B?C=IHALIOH>CHAJLI<F?GCH=FO>?MBIQNI NL;HM@ILG;GIHA>C@@?L?HNECH>MI@C=IHM@LIG

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NB?GIMN<;MC=NINB?GIL??PIFP?>IH?M %HIL>?L NI;=BC?P?NB?ALIOH>CHAI@QBIF?JBL;M?MQ? JLIJIM?NB;NQ?H??>NIG;E?;=B;HA?CHNB? IHNIFIAC=;FQILF>I@C=IHM 3?H??>NIG;E? ;=B;HA?@LIGNB?M?HMILS	GINILQILF>NINB? QILF>I@I<D?=NM +H=?Q?;L?;<F?NI=IH=FO>? NBCM;<MNL;=NCIHNBCML?	CHN?LJL?N;NCIHI@C=IHM G;S<?Q?=;HG;E?CN?;MC?LNB?;MMI=C;NCIHI@ QBIF?JBL;M?MNIM=?H?MCHNBCMQILF>I@I<D?=NM ;H>NB?HJLIJ?LFSMIFP?NB?NBL??MO<	JLI<F?GM JICHN?>ION<SNB?N;LA?NQILEI@;HA?FIMC

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%3(463-0+'%.) 1&15-'92)3-/)054 %QIOF>@CLMNFCE?NIMN;LNQCNBNB?=IGG?HN;LS I@ GS MSG<IF ALIOH>CHA gG;?MNLIh /N?P;H $;LH;> %Q?F=IG?BCMCHPCN;NCIHNIAI<?SIH> OMCHAIHFS NIS	F?P?F MIFONCIHM NI NB? MSG<IF ALIOH>CHAJLI<F?G;H>NI;CG;N0OLCHA	M=;F? ?RJ?LCG?HN;NCIH %<?FC?P?NB;NIH?I@NB?GIMN @LOCN@OFJIN?HNC;F=IHNLC<ONCIHMI@=OLL?HN=IAHC NCP?LI<INC=M;>P;H=?MCMNI<?;<F?NI>?MCAH ?RJ?LCG?HNM QB?L? ; =IGGOHCNS I@ LI<INC= ;A?HNM CM ;<F? NI MI=C;FFS ;=KOCL? ALIOH>?> MSG<IFC=MSMN?GM 0BCMCMCHFCH?QCNB/N??FMjM CHPCN;NCIH NI ;>>L?MM NB? MSG<IF ALIOH>CHA CMMO?M QCNB JL;=NC=;F LI<INC= ?RJ?LCG?HN; NCIH;H>QCNB?FJ;?G?jM?H=IOL;A?G?HN NI =;LLSIONH?Q?RJ?LCG?HNMQCNBGIL?L?;FCMNC= M?HMILCGINIL CHJONM MO=B ;M NBIM? QCNB NB? BOG;HIC>LI<INCO<

:/&1.:/&1.).%5-104,-24 MNINB?=IGG?HN;LC?MIHNB?=OLL?HNJLIA L?MM ;H> MIFONCIHM NI NB? NBL?? MO<	JLI<F?GM C>?HNC@C?> CH GS ILCACH;F N;LA?N ;LNC=F? NB? CMMO?NB;N;JJ?;LMNI<?J?H>CHAL?G;CHMNB;N I@NB?MO<	JLI<F?GIHNB?NL;HMCNCIH@LIG CH>?RC=;FL?JL?M?HN;NCIHNIMSHN;=NC=MSG<IF MSG<IFL?JL?M?HN;NCIHM /N??FMCMLCABNNIM;S NB;NCGJL?MMCP?JLIAL?MMB;MB;JJ?H?>IHNB? >?P?FIJG?HNI@OHALIOH>?>MSG<IF	MSG<IF G;HCJOF;NCIHG?NBI>M $IQ?P?LNB?=IL?JLI< F?GL?G;CHMNB;N;FFNB?M?MIFONCIHM;L?<;M?> IHMSG<IFC=;JJLI;=B?MNB;NOM?MSG<IFM;H> MSHN;=NC=L?F;NCIHMNB;N;L?B;H>	=L;@N?><SNB? L?M?;L=B?L;H>;L?NB?L?@IL?HINALIOH>?>CH NB?;A?HNjMIQHM?HMILCGINILMSMN?G N NB? M;G? NCG? ?FJ;?G? L;CM?M NB? CGJILN;HN JICHNNB;NQ?MBIOF>CHP?MNCA;N?BIQMSG<IF ALIOH>CHA;H> MSG<IFC= FCHAOCMNC= MNLO=NOL?M G??NNI=L?;N?M?G;HNC=M<?SIH>J?L=?JNO;FFS ALIOH>?>F;HAO;A?

/IG? OM?@OF MIFONCIHM B;P? <??H MOA A?MN?>NI;>>L?MMNB?MO<	JLI<F?G;MQ?FF ;MNB?ALIOH>CHAJLI<F?GCHA?H?L;F );>>?H (;FFZ?;H> IGCH?SJLIJIM?NB;NNB?MNO>SI@ ?G<I>C?>MCGOF;NCIH=;J;=CNSCHLI<INM=IOF> JLIPC>? ALIOH><L?;ECHA <?H?@CNM NIG?;HCHA L?JL?M?HN;NCIH;H>?P?HNOH>?LMN;H>CHA NBOM @L??CHA NB? LI<IN @LIGg<?CHA NL;JJ?>;N NB? CH>?RC=;F F?P?Fh NBLIOAB NB? CHN?AL;NCIH I@ NB?M? L?JL?M?HN;NCIHM CHNI GIL? ;LNC=OF;N?> MSHN;=NC=	FCE?L?JL?M?HN;NCIHMSMN?GM IQF?S ;FMIMOAA?MNM;MIFONCIHNBLIOABNB?@I=OMIHNB? gJLI<F?GI@=I;=NCIHMhCH=BCF>>?P?FIJG?HN  %H <;<C?M >SH;GC=M ;H> MSG<IFM eBIQ Q? MJ?;E;H>GIP?eAL;>O;FFS<?=IG?L?MIOL=?M NB;N=IOF><?OM?>CH;MM?MMCHA;H>G;H;ACHA MCNO;NCIHMQBC=BCMMCGCF;LNI);>>?H?N;F jM G?HN;FMCGOF;NCIH=;J;<CFCNS 3?HAJICHNMION NB;NCH=L?G?HN;F;H>L?=OLMCP?B;H>FCHAI@CH N?LH;FH?OL;FL?JL?M?HN;NCIHM=;H?RJF;CHBIQ NB?<L;CHFCHEMMSG<IFM<?NQ??HNB?GM?FP?M

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#L?=I OH>?LFCH?M NB? @;=N NB;N MSHN;=NC= ?F? G?HNMMO=B;M@OH=NCIHQIL>M;L?JLI=?>OL;F J;NN?LHM;<IONBIQNIAFO?JLIJ?LFSNB?MSG<IFM  #CIFCNIM??GMNICGJFSNB?H?=?MMCNSI@MIG? ECH>I@JL?	FCHAOCMNC=EHIQF?>A?I@MSHN;=NC= MNLO=NOL?NB;NB?FJMNB?MO<M?KO?HNF?;LHCHA;H> ;=KOCMCNCIH I@ MSG<IF	MSG<IF L?F;NCIHMBCJM  $IQ?P?L CH <INB =;M?M NB? CMMO?M L?G;CHM I@BIQNB?M?=IAHCNCP?=;J;<CFCNC?MB;P?<??H >?P?FIJ?><INB@LIG;H>?PIFONCIH;LS;H>; >?P?FIJG?HN;FJ?LMJ?=NCP?

:/&1.4%0(5,)3%-0 3?HA;H>,;LCMC<INB L;CM? NB? CGJILN;HN CM MO?NB;NNB?L?M??GMNI<?HIMSG<IFMCHNB? <L;CH 3?HA?RJF;CHMNB;NQB;NNB?<L;CH>I?M CMNIFCHEHIH	MSG<IFC=H?OL;FL?JL?M?HN;NCIHM I@J?L=?JNO;F?HNCNC?MQCNB;H;NN?H>?>J;LNI@ BCAB	>CG?HMCIH;F M?HMILCGINIL L?JL?M?HN; NCIHM ,;LCMC;FMIMNL?MM?MNB?@;=NNB;NCHN?LH;F L?JL?M?HN;NCIHMI@MSG<IFM;L?;=NO;FFSH?OL;F J;NN?LMIH;=NCP;NCIHNB;NB;P??PIFP?>ILB;P? <??HF?;LH?>>OLCHACHN?L;=NCIHQCNBNB?QILF>  INB;ONBILMMOJJILNNB?>?P?FIJG?HNI@H?Q H?OLI	=IGJON;NCIH;FGI>?FMI@MSG<IFF?;LH CHA "IL?R;GJF?3?HAJLIJIM?MNB?	=BOHE <L;CH	GCH> GI>?F NB;N B;M NB? JIN?HNC;F NI ?RJF;CHNB?>?P?FIJG?HN;F?G?LA?H=?NBLIOAB ?RJ?LC?H=? I@ MSG<IFC= =;J;<CFCNC?M  % ;AL?? QCNB<INB=IFF?;AO?MNB;NNB?L?;L?HIMSG<IFM CHNB?<L;CH<ONL;NB?LCHN?LH;FL?JL?M?HN;NCIH I@=IH=?JNM<;M?>IH>SH;GC=H?OL;F;=NCP;NCIH J;NN?LHM $IQ?P?LNB?L?;F>C@@?L?H=?<?NQ??H NB?H?OL;FL?JL?M?HN;NCIHI@MSG<IFMMO=B;M QIL>M ;H> HOG<?LM ;H> NB? L?JL?M?HN;NCIHM I@INB?LM?HMILCGINIL=IH=?JNMCMNB?@;=NNB;N MSG<IFC=L?JL?M?HN;NCIHMB;P?NB?JLIJ?LNSI@ <?CHA>CM=L?N?NBOM;FFIQCHAL?=OLMCP?=IG<C H;NCIHM=IGJIMCNCIHMI@MSG<IFMNI?RJL?MM INB?LBCAB?L	IL>?LMSG<IFC=?HNCNC?M

3160(-0+1* &453%'5:/&1.4 +H?I@NB?G;CH=B;FF?HA?MCHALIOH>CHANB?ILS L?G;CHM NB? ?RJF;H;NCIH I@ NB? M?HMILCGINIL ALIOH>CHAI@;<MNL;=N=IH=?JNM;H>QIL>MMO=B ;Mg@L??>IGh;H>g<?;ONSh ,;LCMCG?HNCIHMNBCM ;MIH?I@NB?G;CH=B;FF?HA?MCHNB?@C?F> #L?=I CHPCN?MOM;NFIIECHA<?SIH>;JOL?M?;L=B@IL NB?M?HMILCGINIL<;M?MI@;FFQIL>M H>B?;FMI >CM=OMM?MNB?CGJILN;H=?I@;JLCILC=IHMNL;CHNM >?N?LGCH?> <S IOL =IAHCNCP? MSMN?G ;H> CNM @OH=NCIH;F;L=BCN?=NOL?NB;N=IOF><?CHPIFP?> CHNB?ALIOH>CHAI@MO=B=IGJF?R=IH=?JNM )S MOAA?MNCIHB?L?CMNB;NNB?M?HMILCGINIL<;MCMI@ F;HAO;A?ALIOH>CHACH=FO>CHANB;NI@;<MNL;=N QIL>MMBIOF><?=IHMC>?L?>CH;<LI;>?LM?HM? QBC=BCH=FO>?MP;LCIOM?G<I>CG?HNF?P?FMMO=B ;MNBIM?I@<;MC=CHMNCH=NM;H>>LCP?M?GINCIHM ;H>MI=C;FCHMNCH=NM

/:%0(5,)%3( :/&1.3160(-0+31&.)/ /IG?=IGG?HN;LC?M@I=OMIHNB?CGJILN;H=? I@;ONIHIGSCHNB?MSG<IFALIOH>CHA )OFF?L JLIJIM?MNB?>CMNCH=NCIH<?NQ??H;gB;L>h;H> ;H g?;MSh P?LMCIH I@ NB? MSG<IF ALIOH>CHA JLI<F?G 0B?B;L>P?LMCIH@I=OM?MIHNB??M M?HNC;FJLIJ?LNSI@NB?;A?HNjMIQHCHN?HNCIH;F CNSNI<?;<F?NI=L?;N?;H>OM?MSG<IFM 0B? g?;MSh P?LMCIH ;CGM ;N NB? ?RJF;H;NCIH ;H> L?	JLI>O=NCIH I@ NB? <?B;PCIL;F ;<CFCNS ;H> @OH=NCIHI@G?;HCHACH;LNC@C=C;F=IGJON;NCIH;F ;A?HNM;H>LI<INM )OFF?LMOAA?MNMNB;NNB??;MS MSG<IFALIOH>CHAJLI<F?G=;H<?MO==?MM@OFFS CHP?MNCA;N?>NBLIOABJL;=NC=;F?RJ?LCG?HN;NCIHM IH >?P?FIJG?HN;F LI<INC=M QBCFMN NB? B;L> JLI<F?GL?G;CHM;P?LS<CA=B;FF?HA? (IOF;;H> -O?CLIT;FMI>CM=OMMNB?=IH=?JNMI@;ONIHIGS ;H>CHNLCHMC=FCHEMCHNB?ALIOH>CHAJLI<F?GNI OH>?LMN;H>BIQ=;H;MSG<IF<?=IG?CHNLCHMC= NI;H;ONIHIGIOM;A?HN %HJ;LNC=OF;LNB?S;L? CHN?L?MN?>CHOH>?LMN;H>CHAOJNIQB;NF?P?FCM ;JLI=?MMCHNLCHMC=NINB?;A?HNM 0B?SCH>C=;N? NB;N NB? ;A?HNjM <I>S ;H> CNM IHAICHA H??> ;H>;NN?GJN NIE??J CNM MN;<CFCNS=;H?RJF;CH NB?=IH=?JNMI@ ;ONIHIGS;H> CHNLCHMC=CNS CH =IAHCNCP?;H>MSG<IFC=JLI=?MMCHA

)/-15-'104-()3%5-104 (IOF;;H>-O?CLITMNL?MMNB?CGJILN;H=?I@NB? H??>NIB;P?;JL?=CM?>?@CHCNCIHI@;MSG<IF QCNBCH,?;L=?jMM?GCINC=@L;G?QILENB;N>C@ @?L?HNC;N?M<?NQ??HC=IHMCH>C=?M;H>MSG<IFM  %H J;LNC=OF;L NB?S MNL?MM NB? CGJILN;H=? I@

%#%#FI<;F IJSCHAIL>CMNLC<ONCHACHJLCHNIL?F?=NLIHC=@ILGMQCNBIONQLCNN?HJ?LGCMMCIHI@%#%#FI<;F CMJLIBC<CN?>

OH>?LMN;H>CHANB?=IAHCNCP?NL;HMCNCIHM@LIG CH>?RC=;FJLI=?MM?MNIMSG<IFC=IH?M;H>;FMI NB?NL;HMCNCIH@LIGC=IHC=JLI=?MM?MNICH>?RC =;FIH? #O>QCHJLIJIM?M;H?Q@I=OMI@NB? MSG<IFALIOH>CHAJLI<F?GMBC@NCHANB?;NN?HNCIH NIQ;L>MNB?CHN?LG?>C;N?L?JL?M?HN;NCIHMNB;N FCHENB?M?HMILCGINILCHJONQCNBNB?MSG<IFC= F?P?F %<?FC?P?NB;NBCMMOAA?MNCIHNIL?KOCL?NB? JL?M?H=?I@;HCHN?LG?>C;N?L?JL?M?HN;NCIHMN;A? NB;NB?=;FFMgC=IHhMB;L?MCGCF;LJLIJ?LNC?MQCNB $;LH;>jMILCACH;FJLIJIM;FNIB;P?=;N?AILC=;F L?JL?M?HN;NCIHM;MNB?CHN?LG?>C;N?L?JL?M?HN; NCIHM;NNB?=IL?I@NB?MSG<IFC==;J;<CFCNS

10'.64-10 0B?=IGJON;NCIH;F;JJLI;=B?MNINB?GI>?F FCHA I@ FCHAOCMNC= ;H> MSG<IFC= =;J;<CFCNC?M MO=B;M>?P?FIJG?HN;FLI<INC=M?RJ?LCG?HNMIH F;HAO;A?F?;LHCHAI@@?L;AL?;NG?NBI>IFIAC=;F ;H>?JCMN?GIFIAC=;FIJJILNOHCNSNICHP?MNCA;N? NB?@CH?G?=B;HCMGM;NNB?<;MCMI@NB?MSG<IF ALIOH>CHA JLI<F?G  0BLIOAB NB?M? GI>?FM L;HACHA@LIG=IAHCNCP?;A?HNMGI>?FMNI0OLCHA FCE?LI<INC=M?RJ?LCG?HN;NCIHMQ?B;P?;AL?;N =B;FF?HA?;H>IJJILNOHCNSNI>?GIHMNL;N?MIG? I@NB?AL?;NGSMN?LC?MI@BOG;H>?P?FIJG?HN BIQ<;<C?M;L?;<F?NI;=KOCL?;ONIHIGIOMFS NBLIOAB CHN?L;=NCIHQCNB NB? JBSMC=;FQILF> IQH<I>S;H> NB?CL MI=C;F ?HPCLIHG?HN NBCM MB;L?>MSG<IFC=MSMN?GNB;NQ?=;FFF;HAO;A?

IJSLCABNa

%#%#FI<;F IJSCHAIL>CMNLC<ONCHACHJLCHNIL?F?=NLIHC=@ILGMQCNBIONQLCNN?HJ?LGCMMCIHI@%#%#FI<;F CMJLIBC<CN?>

%#%#FI<;F IJSCHAIL>CMNLC<ONCHACHJLCHNIL?F?=NLIHC=@ILGMQCNBIONQLCNN?HJ?LGCMMCIHI@%#%#FI<;F CMJLIBC<CN?>

%#%#FI<;F IJSCHAIL>CMNLC<ONCHACHJLCHNIL?F?=NLIHC=@ILGMQCNBIONQLCNN?HJ?LGCMMCIHI@%#%#FI<;F CMJLIBC<CN?>

''#" 0B?GCMMCIHI@NB?!@F7D@3F;A@3>"AGD@3>A8+;9@E3@6+7?;AF;5+KEF7?E%&///CMNIJLIPC>?;@ILOG@IL =IGJ;L;NCP??PIFONCIH;LSNB?IL?NC=;F;H>?GJCLC=;FJ?LMJ?=NCP?MIH=IGJON;NCIH;FGI>?FCHAI@M?GCINC= MSMN?GM;H>JLI=?MM?M;H>NIJL?M?HN@ILG;F;H>MSHNB?NC=MCGOF;NCIHCGJF?G?HN;NCIH;H>L?;FCT;NCIHI@ =IGJON?LG;=BCH?M;H>LI<INMCHPIFP?>CHNB?M?MSMN?GM;H>JLI=?MM?M 0BCMDIOLH;FI@@?LM;=IFF;<IL; NCP?;JJLI;=BNICHHIP;NCP?L?M?;L=BA?;L?>NIQ;L>;>??J?LOH>?LMN;H>CHAI@M?GCINC=JLI=?MM?M;H>;H CHN?AL;N?>PCMCIHI@MSHNB?MCMCH;LNCk=C;FMSMN?GM M;HCHN?AL;FL?@?L?H=?@IL=IGGOHCNSL?M?;L=B?LMCH NB?k?F> NBCMJO<FC=;NCIH?RJFIL?M L?=?HN>?P?FIJG?HNM CHH?OLI=IAHCNCP? M=C?H=? =IAHCNCP??NBIFIAS M?=IH>IL>?L=S<?LH?NC=M=IAHCNCP?M?G;HNC=MJL;AG;NC=FCHAOCMNC=MNB?IL?NC=;FM?GCINC=M<CIM?GCINC=M ;H>?PIFONCIH;LS<CIFIAS  )'&$(#""#&!(#" %&///CMJO<FCMB?>M?GC	;HHO;FFS&;HO;LS	&OH?&OFS	 ?=?G<?L<S%#%#FI<;F "OFFMO<M=LCJNCIHCH@IL G;NCIHG;S<?@IOH>;NQQQ CAC	AFI<;F =IGCDMMM 0B?DIOLH;FCM;P;CF;<F?CHJLCHN;H>?F?=NLIHC=@ILG;NM  %HMNCNONCIHMG;S;FMIJOL=B;M?;MCN?FC=?HM?JLIPC>CHA;==?MMNINB?@OFF%#%#FI<;FDIOLH;F=IFF?=NCIH@?; NOLCHAGIL?NB;H NIJC=;FDIOLH;FMCHCH@ILG;NCIH=IGJON?LM=C?H=?;H>N?=BHIFIAS;JJFC?>NI<OMCH?MM JO<FC=;>GCHCMNL;NCIH?HACH??LCHA?>O=;NCIHG?>C=;FB?;FNB=;L?;H>MI=C;FM=C?H=? "ILCH@ILG; NCIHPCMCNQQQ CH@IM=C	DIOLH;FM =IGIL=IHN;=N%#%;N?L?MIOL=?MCAC	AFI<;F =IG

=IG;H;AAL?A;N?>>;N;<;M?=IHMCMNCHAI@GIL?NB;H  L?M?;L=B;LNC=F?MQLCNN?H<SJLIGCH?HN?R J?LNM ;H> M=BIF;LM CH NB?k?F>I@ CH@ILG;NCIH=IGJON?L M=C?H=? ;H> N?=BHIFIAS ;JJFC?> NI<OMCH?MM JO<FC=;>GCHCMNL;NCIH?HACH??LCHA?>O=;NCIHG?>C=;FB?;FNB=;L?;H>MI=C;FM=C?H=?

%#%#FI<;F FFLCABNMCH=FO>CHANL;HMF;NCIHCHNIINB?LF;HAO;A?ML?M?LP?><SNB?JO<FCMB?L  *IJ;LNI@NBCMDIOLH;FG;S<?L?JLI>O=?>ILOM?>CH;HS@ILGIL<S;HSG?;HMQCNBIONQLCNN?HJ?LGCMMCIH @LIGNB?JO<FCMB?L?R=?JN@ILHIH=IGG?L=C;F?>O=;NCIH;FOM?CH=FO>CHA=F;MMLIIGN?;=BCHAJOLJIM?M  ,LI>O=NIL=IGJ;HSH;G?MOM?>CHNBCMDIOLH;F;L?@ILC>?HNCk=;NCIHJOLJIM?MIHFS %H=FOMCIHI@NB?H;G?M I@NB?JLI>O=NMIL=IGJ;HC?M>I?MHINCH>C=;N?;=F;CGI@IQH?LMBCJ<S%#%#FI<;FI@NB?NL;>?G;LEIL L?ACMN?L?>NL;>?G;LE 0B?PC?QM?RJL?MM?>CHNBCMDIOLH;F;L?NBIM?I@NB?;ONBILM<ONHINH?=?MM;LCFSI@ %#%#FI<;F