LQIRUPDFML]LQQ\PL]QDQ\PLIDNWDPLRUD]XPRĪOLZLHQLHRVRELH]DLQWHUHVRZDQHMXVWRVXQNRZDQLHVLĊGR X]\VNDQ\FKLQIRUPDFML 1DHWDSLHZ\NRU]\VWDQLDPDWHULDáyZSUDVRZ\FKLVWRWQHMHVWSU]HGHZV]\VWNLPZV]HFKVWURQQHDQLH VHOHNW\ZQHSU]HND]DQLHLQIRUPDFMLSU]HGVWDZLHQLHZV]\VWNLFKRNROLF]QRĞFLLQLHG]LDáDQLHSRG]JyU\ ]DáRĪRQąWH]ĊDWDNĪHUR]ZDĪHQLHSRZDJL]DU]XWX]QDF]HQLDLQIRUPDFML]SXQNWXZLG]HQLD XVSUDZLHGOLZLRQHJR]DLQWHUHVRZDQLDVSRáHF]HĔVWZDRUD]SLOQRĞFLSXEOLNDFML6SHáQLHQLHZV]\VWNLFKW\FK Z\PDJDĔVSU]HFLZLDVLĊX]QDQLXĪHRSXEOLNRZDQLHPDWHULDáXSUDVRZHJRE\áRG]LDáDQLHPEH]SUDZQ\P'R XFK\OHQLDEH]SUDZQRĞFLZ\SRZLHG]LQLHZ\VWDUF]\ZV]F]HJyOQRĞFLSU]HNRQDQLHQDUXV]DMąFHJRFXG]H GREUDRVRELVWHĪHNRU]\VWD]]DJZDUDQWRZDQHMNRQVW\WXF\MQLHZROQRĞFLZ\SRZLHG]LLĪHG]LDáDZLQWHUHVLH SXEOLF]Q\P Z\URN6ąGXQDMZ\ĪV]HJR]PDMDU,,,&6./(;QU  :SU]HGPLRWRZHMVSUDZLHLVWRWQHMHVWWRĪHSRZyGNDZ]DMHPQDZX]DVDGQLHQLXSR]ZXZ]DMHPQHJR ZVND]\ZDáDQDRNUHĞORQHIUDJPHQW\DUW\NXáyZRSXEOLNRZDQ\FKZGQLDFKLVW\F]QLDU=W\PL NRQNUHWQLHSU]\ZRáDQ\PLZ\SRZLHG]LDPLZLą]DáDQDUXV]HQLHGREUHJRLPLHQLDGRNáDGQLHSU]HGVWDZLDMąF RGSRZLHGQLąDUJXPHQWDFMĊMDNUyZQLHĪLGRZRG\$QDOL]XMąFSU]\ZRáDQHSU]H]SRZyGNĊZ]DMHPQą IUDJPHQW\REXSXEOLNDFML6ąG$SHODF\MQ\VWZLHUG]DMHGQDNĪHVWDQRZLąRQHZF]ĊĞFLW\NRRSLQLHL LQV\QXDFMHVDPHMDXWRUNLNWyUHQLHSRGGDMąVLĊNZDOLILNDFMLZNDWHJRULDFKSUDZGDIDáV]]DĞF]ĊĞü]QLFK QLHSROHJDQDSUDZG]LHW\PQLHPQLHMRGF]\WDQDOLWHUDOQLHVDPDZVRELHQLHQDUXV]DGyEURVRELVW\FK SRZyGNLZ]DMHPQHMDOHWZRU]\NRQWHNVWQDNLHURZDQ\QDZ\ZRáDQLHZUDĪHQLDRQLHZáDĞFLZ\P IXQNFMRQRZDQLX)XQGDFML:WDNLHMV\WXDFML]EDGDQLDZ\PDJDáRF]\SU]HGVWDZLRQHWUHĞFLX]DVDGQLDá\ SRVáXĪHQLHVLĊSU]H]DXWRUNĊZW\WXOH]ZURWHP  $QDOL]XMąFNROHMQRIUDJPHQW\SU]\WRF]RQHZSR]ZLHZ]DMHPQ\PQDOHĪDáR]ZUyFLüXZDJĊĪHZSLHUZV]HM SXEOLNDFML]URNXMXĪZSLHUZV]\PDNDSLFLHWHJRDUW\NXáX]DZDUWR]GDQLH0RĪQDERZLHP ]ELHUDüSLHQLąG]HLG]LĊNLWHPXQLHZ]DVDG]LHQLHWU]HEDSUDFRZDü]XSHáQLHQLJG]LHLQG]LHM:\SRZLHGĨ WDFRSUDZGDQLHPXVLE\üZRGQLHVLHQLXGRSUDFRZQLNyZ)XQGDFMLVIRUPXáRZDQLHPQLHSUDZG]LZ\PZ LVWRFLHPRĪHE\üWDNĪHQLHVąRQL]DWUXGQLHQLQLJG]LHLQG]LHMMHGQDN]DZLHUDRQDZVRELHXNU\Wą LQV\QXDFMĊLFKQLHXF]FLZRĞFL :]GDQLXSRSU]HG]DMąF\P]DF\WRZDQHMHVWZV]DNPRZDUHDOL]RZDQLXWDN ]ZDQ\FKFHOyZVWDWXWRZ\FKLF]HUSDQLX]WHJR]\VNyZ :\SRZLHGĨWD]DWHP]DEDUZLHQLHQHJDW\ZQHL VXJHUXMHĪHZ)XQGDFMLPDMąPLHMVFDQDGXĪ\FLD .ROHMQ\DNDSLWWHMSXEOLNDFML]RVWDáVIRUPXáRZDQ\ZQDVWĊSXMąF\VSRVyE2G]LDáDOQRĞFL2ĞURGNDNWyU\ SRQRüWĊSLZV]HONLHSU]HMDZ\NVHQRIRELLLUDVL]PXPRĪQDSRF]\WDüRGNOLNXODWQDáDPDFKORNDOQ\FK PHGLyZLRJyOQRSROVNLFKDOHMXĪRHIHNWDFKW\FKG]LDáDĔQLHPRĪQDSU]HF]\WDü]XSHáQLHQLJG]LH&RMDNLĞ F]DVSRMDZLDMąVLĊQDIDFHERRNRZ\PIDQSDJH]GMĊFLDGRQRVyZ]DZLDGRPLHĔLQDZHWSLVPDZNWyU\FK SURNXUDWRUDSRZLDGDPLDRZV]F]ĊFLXĞOHG]WZDDOHRHIHNWDFKW\FK]DZLDGRPLHĔGRQRVyZLZV]F]ĊüQLH PDMXĪDQLVáRZD3U]\SDGHN"$EVROXWQLHQLH 6ąG$SHODF\MQ\QLHPDWXZąWSOLZRĞFLĪHZ\SRZLHGĨWDVWDZLD)XQGDFMĊZQLHNRU]\VWQ\PĞZLHWOH-HĞOL