LQIRUPDFMDPLSU]HND]DQ\PLSU]H]$UFKLZXP1DURGRZHZ.NWyUHGRNRQDáRNZHUHQG\  NVLĊJDFK PDáĪHĔVWZ,]UDHOLFNLHJR20HWU\NDOQHJRZ.RUD]Z3]UZNWyU\FKQLHRGQRWRZDQR RNROLF]QRĞFL]DZDUFLDPDáĪHĔVWZDSU]H]WHRVRE\ :W\PVWDQLHU]HF]\6ąG5HMRQRZ\X]QDáĪHZQLRVHNMHVWEH]]DVDGQ\-DNRSRGVWDZĊUR]VWU]\JQLĊFLD SRGDáDUWXVWDZ\]GQLDOLVWRSDGDUXVWDZ\3UDZRRDNWDFKVWDQXF\ZLOQHJRNWyUDZHV]áDZ Ī\FLHVW\F]QLDUQDZLą]XMąF\GRDUWXVWDZ\]GQLD]GQLDZU]HĞQLDU3UDZRRDNWDFK VWDQXF\ZLOQHJR6ąGXVWDOLWUHĞüDNWXPDáĪHĔVWZDMHĪHOLDNWWHQQLH]RVWDáVSRU]ąG]RQ\LQLHPRĪHLFK VSRU]ąG]LüNLHURZQLNXU]ĊGXVWDQXF\ZLOQHJRQSPDáĪHĔVWZR]RVWDáR]DZDUWHOHF]QLH]RVWDáVSRU]ąG]RQ\ DNWPDáĪHĔVWZDDNLHURZQLNSU]\MPXMąF\RĞZLDGF]HQLHR]DZDUFLXPDáĪHĔVWZD]PDUá:DUXQNLHP XVWDOHQLDWUHĞFLDNWXPDáĪHĔVWZDMHVWVWZLHUG]HQLHĪHIDNW]DZDUFLDPDáĪHĔVWZDQDVWąSLáDDNWQLH]RVWDá VSRU]ąG]RQ\6ąG5HMRQRZ\ZVND]DáĪHSU]HGUUHMHVWUDFMDVWDQXF\ZLOQHJRZW\PSURZDG]HQLH NVLąJVWDQXF\ZLOQHJR PHWU\NDOQ\FK QDOHĪDáDZZLĊNV]RĞFLGRNRĞFLRáyZ RVyEGXFKRZQ\FK 'RSLHURQD SRGVWDZLHDUW;,,GHNUHWX]GQLDZU]HĞQLDU3U]HSLV\ZSURZDG]DMąFHSUDZRRDNWDFKVWDQX F\ZLOQHJR ']8]U1USR]]SyĨQ]P RU\JLQDá\OXEZWyURSLV\W\FKNVLąJ]RVWDá\ SU]HND]DQHXU]ĊGRPVWDQXF\ZLOQHJR WDNĪH]DU]ąG]HQLH0LQLVWUD$GPLQLVWUDFML3XEOLF]QHM]GQLD VLHUSQLDURSU]HND]DQLXNVLąJPHWU\NDOQ\FKXU]ĊGRPVWDQXF\ZLOQHJR031U$]USR]  3RSU]HND]DQLXW\FKNVLąJXU]ĊGRPVWDQXF\ZLOQHJRZ\SLV\ RGSLV\ Vą]QLFKZ\GDZDQHSU]H]WH XU]ĊG\ ]REDUW;,9XVWGHNUHWX]GQLDZU]HĞQLDU -DNZVND]XMHRSUDFRZDQLH]KLVWRU\F]QH =DVDG\SURZDG]HQLDNVLąJPHWU\NDOQ\FKZ\]QDQLDPRMĪHV]RZHJRZ]DERU]HDXVWULDFNLPKWWS ZZZDJDGJRYSOLQZHQWDU]H  [PO3DWHQWFHVDUVNL]  NWyU\XVWDQRZLáQDREV]DU]H*JPLQ Z\]QDQLRZ\FK]U]HV]DMąF\FK]DPLHV]NDáąWDPOXGQRĞüĪ\GRZVNąRUD]XVWDOLáRJyOQH]DVDG\RUJDQL]DFML JPLQ\L]UDHOLFNLHM3URZDG]HQLHPHWU\NJPLQ\Ī\GRZVNLHMSRZLHU]RQRUDELQRZL'RSLHURMHGQDN UR]SRU]ąG]HQLHP]9,,USRVWDQRZLRQRRVWDWHF]QLHĪHPHWU\NLWHPDMąPRFSUDZQąLXFK\ORQR NRQWUROĊNVLąJPRMĪHV]RZ\FKSU]H]NVLĊĪ\NDWROLFNLFK=DVDGDSURZDG]HQLDPHWU\NSU]H]UDELQDXWU]\PDáD VLĊGRUD]QLHVLRQD]RVWDáDUHVNU\SWHP&.0LQLVWHUVWZD6SUDZ:HZQĊWU]Q\FK],,,U GRW\F]ąF\PSURZDG]HQLDPHWU\NL]UDHOLWyZZ*X]XSHáQLRQ\PGRNáDGQąLQVWUXNFMą)XQNFMĊWĊ SRZLHU]RQRRVREQ\PXU]ĊGQLNRP]DWZLHUG]DQ\PSU]H]ZáDG]HSDĔVWZRZH.VLĊJLPHWU\NDOQH]RNUHVX ZF]HĞQLHMV]HJR]DPNQLĊWRLSU]HND]DQRGRXĪ\WNXVáXĪERZHJRQRZ\PIXQNFMRQDULXV]RP.RQWUROĊQDG SURZDG]HQLHPPHWU\NVSUDZRZDá\RGSRZLHGQLHZáDG]HDGPLQLVWUDF\MQH VWDURVWZD *PLQ\PLDá\ RERZLą]HNSU]HND]\ZDQLDGRVWDURVWZDZREUĊELHNWyUHJROHĪDá\MHGQHJR]GZyFKHJ]HPSODU]\NVLąJSR ]DNRĔF]HQLXZSLVyZZGDQ\PURNXNDOHQGDU]RZ\P,9UQDPRF\UR]SRU]ąG]HQLD&. 0LQLVWHUVWZD:\]QDĔL  GRNRQDQ\]RVWDáRVWDWHF]Q\SRG]LDáDGPLQLVWUDF\MQRWHU\WRULDOQ\JDOLF\MVNLFK JPLQĪ\GRZVNLFK:.UyOHVWZLH*DOLFMLL/RGRPHULL]:LHONLP.UyOHVWZHP  IXQNFMRQRZDá\RGWąG L]UDHOLFNLHJPLQ\Z\]QDQLRZH3RRG]\VNDQLXQLHSRGOHJáRĞFLZUOXGQRĞüĪ\GRZVND]QDOD]áDVLĊZ JUXSLHPQLHMV]RĞFLUHOLJLMQ\FK]DPLHV]NXMąF\FKZJUDQLFDFK,,5]HF]\SRVSROLWHM'HNUHW1DF]HOQLND 3DĔVWZD],,U]DOHJDOL]RZDáLVWQLHQLHWHJR]ZLą]NX-HGQRF]HĞQLHGRVWRVRZXMąFMHJRVWUXNWXUĊGR