NLELFyZ/ NXMDZQLRQHN :yZF]DVĞZLDGHNQLHZVND]DáMXĪQDà5MDNRXF]HVWQLNDZ\MD]GX LSRGSDOHQLD=H]QDMąFZGQLXVW\F]QLDU..  SRGDáĪHZ]GDU]HQLXW\PEUDáXG]LDáà5L V]HĞüQLH]QDQ\FKPXRVyEZV]\VF\G]LDáDOLQD]OHFHQLH03 NXMDZQLRQHN SRGREQLH]H]QDá GQLDPDUFDUFKRüZyZF]DVQLHSRWUDILáVSUHF\]RZDüUROLà5 NYXMDZQLRQHN YQLHZLHPMHGQDNF]\WHĪU]XFDáW\PLEXWHONDPLERWHJRQLHZLG]LDáHP 7DNV]F]HJyáRZH SU]\WRF]HQLH]H]QDĔĞZLDGND]áRĪRQ\FKZSRVWĊSRZDQLXSU]\JRWRZDZF]\PVáXĪ\Z\ND]DQLXĪHMXĪ ZyZF]DVUHODFMRQXMąFFRGRXF]HVWQLNyZSRGSDOHQLDGRPXZà..  NRQVHNZHQWQLHZVND]\ZDáW\ONR QDVLHELHLRVNDUĪRQHJR03MHJRUHODFMDQLHPDWDNLHJRFKDUDNWHUXFRGRXG]LDáXZW\P]GDU]HQLX RVNDUĪRQHJRà56\WXDFMDWDQLHXOHJáD]PLDQLHZWRNXSU]HZRGXVąGRZHJRDZUĊF]SU]HFLZQLH-DN WUDIQLHZVND]DáVąGRNUĊJRZ\]H]QDMąFQDUR]SUDZLHFRGRXG]LDáXZSRGSDOHQLXRVNDUĪRQHJRà5 ĞZLDGHNZ\UDĪDáZW\P]DNUHVLHGXĪRZLĊNV]HZąWSOLZRĞFLDQLĪHOLSRGF]DVSU]HVáXFKDĔZĞOHG]WZLH..  RGQRV]ąFVLĊGRWUHĞFLSURWRNRáX]JUXGQLDUSRWZLHUG]LáMHJR]DSLV\MHGQDN]]DVWU]HĪHQLHP ĪHQLHSDPLĊWDQDF]\E\áWDPà5 N 3RGDáĪHWHJRVRELHQLHSU]\SRPLQDQLHZLHGODF]HJR ZyZF]DVWDNSRZLHG]LDáQLH]QDáSR]RVWDá\FKRVyESR]DRVNDUĪRQ\P03 NY  5R]S\W\ZDQ\V]F]HJyáRZRQDSRZ\ĪV]ąRNROLF]QRĞüSRGF]DVNROHMQHMUR]SUDZ\VWZLHUG]Lá N MD QLHSRZLHPĪH  E\áSU]\W\PSRGSDOHQLXQLHSRZLHPWHĪQLHE\áZLGRF]QLHVNRURUR]PDZLDáHP]  QDWHQWHPDWWRPXVLDáWDPE\ü3U]\SRPLQDPVRELHĪHE\áDWDNDUR]PRZD]  WDUR]PRZDRGE\áDVLĊ Z.'DOHMVWZLHUG]LáP\ĞODáHPRW\PF]\  E\áZàLE\áDWDNDUR]PRZDĪHMDS\WDáHPGODF]HJRWHQ GRP]RVWDáVSDORQ\LRQRGSRZLHG]LDáĪHWRQLHE\áDMHJRGHF\]MDL]WHJRW\WXáXMHVWHPSHZLHQĪHE\áSU]\ SRGSDOHQLXZà7DNDWUHĞüZ\SRZLHG]L..  ZSHáQLXSUDZQLDVWDQRZLVNRVąGXRNUĊJRZHJRĪHPLDá RQZąWSOLZRĞFLFRGRXG]LDáXà5ZSU]HVWĊSVWZLHQDV]NRGĊ0%DRFHQDWDPD]DVWRVRZDQLHGRMHJR Z\SRZLHG]L]HĞOHG]WZDMDNLW\FK]UR]SUDZ\3U]\ZRáDQDZ\ĪHMZ\SRZLHGĨJG\ĞZLDGHNSU]HGVąGHP VWZLHUG]DVZRMąSHZQRĞüFRGRXG]LDáXà5ZSRGSDOHQLXGRPXQLHRSLHUDVLĊMHGQDNQDRGWZRU]HQLX ]GDU]HQLDZMHJRSDPLĊFLDQDVNRMDU]HQLXSU]HELHJXSyĨQLHMV]HMUR]PRZ\]WUHĞFLNWyUHMZ\ZRG]LRQWDNL ZQLRVHN=GDQLHPVąGXDSHODF\MQHJRDZEUHZVWDQRZLVNXSURNXUDWRUDWDNLPDWHULDáGRZRGRZ\Z\NOXF]D PRĪOLZRĞüSRF]\QLHQLDSHZQ\FKXVWDOHĔFRGRXG]LDáXà5ZSRGSDOHQLXGRPXZà3R]DDUJXPHQWDPL SU]\ZRáDQ\PLSU]H]VąGRNUĊJRZ\LW\PLZVND]DQ\PLZ\ĪHMWUXGQRQLHGRVWU]HFĪHFKRüZSU]HVWĊSVWZLH W\PEUDáDXG]LDá]QDF]QDLORĞüRVyE GODSU]\SRPQLHQLDVLHGPLXPáRG\FK]ERMyZNL/ WRW\ONR RVNDUĪHQL03LHZHQWXDOQLHà5E\OLRVREDPLNWyUH..  ]QDá&RZLĊFHMWHQRVWDWQLSRGREQLHMDN ĞZLDGHNSRFKRG]Lá].Z\UDĪDOLWRĪVDPHSRJOąG\WDPZVSyOQLHG]LDáDOLD]DWHPWDNĪH]WHJRFKRüE\ SRZRGX]QDOLVLĊGREU]H7UXGQR]DWHPX]QDüE\SU]\WDNRJUDQLF]RQ\PVNáDG]LH]QDQ\FKĞZLDGNRZL XF]HVWQLNyZWHJRSU]HVWĊSVWZDPyJáRQPLHüZąWSOLZRĞFLSU]\LFKZVND]DQLX-HGQDNWDZáDĞQLHV\WXDFMD PLDáDPLHMVFHQDUR]SUDZLHJG\ĞZLDGHNZSURVWQDVZRMHZąWSOLZRĞFLZVND]\ZDá3RZ\ĪV]HSU]\ MHGQRF]HVQ\PEUDNXLQQ\FKGRZRGyZGRSURZDG]LáR6ąG2NUĊJRZ\GRVáXV]QHJRZQLRVNXĪHZW\P ]DNUHVLH]DVWRVRZDQLH]QDMGXMHUHJXáDLQGXELRSURUHR3U]\SRPQLHüERZLHPQDOHĪ\ĪHRERZLą]HN XGRZRGQLHQLDD]DWHPZ\ND]DQLDZVSRVyESHZQ\RGQRVLVLĊGRNDĪGHJRXVWDOHQLDGODRVNDUĪRQHJR