FHOHPXVWDOHQLDF]\Z\SRZLHG]LRVNDUĪRQHJR'& ]DPLHV]F]RQHQDSRUWDODFKVSRáHF]QRĞFLRZ\FKD
RSLVDQHZSNW,;,,,DNWXRVNDUĪHQLDPLDá\FKDUDNWHU]QLHZDĪDMąF\JUXSĊOXGQRĞFLQDURGRZRĞFL
XNUDLĔVNLHMLĪ\GRZVNLHM]SRZRGXMHMSU]\QDOHĪQRĞFLQDURGRZHMLRSDUFLHZ\URNXQDWDNLHMRSLQLL
SRGF]DVJG\RFHQDF]\GDQDZ\SRZLHGĨVWDQRZL]QLHZDJĊLF]\]QLHZDĪDQLHQDVWĊSXMĊ]SRZRGX
SU]\QDOHĪQRĞFLQDURGRZHMDW\PVDP\PF]\Z\F]HUSXMĊ]QDPLĊ]DUWNNQDOHĪ\GRZ\áąF]QHM
NRPSHWHQFML6ąGXDQLHELHJáRDZ\SRZLHGĨELHJáHJRZW\P]DNUHVLHZ\FKRG]LSR]D]DNUHVNRPSHWHQFML
ELHJáHJRLZNUDF]DZNRPSHWHQFMH6ąGX
QDUXV]HQLHDUWNSNSRSU]H]RSDUFLHZ\URNXQDVSU]HF]QHMQLHMDVQHMQLHSHáQHMRSLQLLELHJáHM]
]DNUHVXOLQJZLVW\N
QDUXV]HQLHDUWNSNSRSU]H]QLH]DVWRVRZDQLHVLĊSU]H]6ąG,LQVWDQFMLGRZVND]DĔ6ąGX
RGZRáDZF]HJRQDND]XMąF\FK6ąGRZL,LQVWDQFMLSUDZLGáRZH]DVWRVRZDQLHDUWNSNDUWNSNLDUW
NSNWMGRNRQDQLHZV]HFKVWURQQHMRFHQ\]JURPDG]RQHJRPDWHULDáXGRZRGRZHJR]XZ]JOĊGQLHQLHP]DVDG
SUDZLGáRZHJRUR]XPRZDQLD
F]ĊĞFLRZR]DVDGQ\
QLH]DVDGQ\ZLHG]\LGRĞZLDGF]HQLDĪ\FLRZHJRSRGF]DVJG\RFHQDGRNRQDQDSU]H]6ąG,LQVWDQFMLZ
]DVNDUĪRQ\PZ\URNXQDUXV]DWHSU]HSLV\
QDUXV]HQLHDUWNSNDUWNSNDUWNSNLDUWNSNLDUWSNWNSNNWyUHPLDáRZSá\Z
QDWUHĞüZ\URNXSRSU]H]GRZROQąRFHQĊ]JURPDG]RQHJRPDWHULDáXGRZRGRZHJRQLH]JRGQą]]DVDGDPL
SUDZLGáRZHJRUR]XPRZDQLDZLHG]\GRĞZLDGF]HQLDĪ\FLRZHJRLRELHNW\ZL]PXSRSU]H]EUDN
ZV]HFKVWURQQHJRUR]ZDĪHQLDPDWHULDáXGRZRGRZHJRMDNWHĪRSDUFLHZ\URNXMHG\QLHQDZ\EUDQ\FK
RNROLF]QRĞFLDFK EH]XZ]JOĊGQLHQLDNRQWHNVWXZ\SRZLHG]L DQLHLFKFDáRNV]WDáFLH
D LSU]\MĊFLH]DZLDU\JRGQHZ\MDĞQLHĔRVNDUĪRQHJR'&EH]Z\MDĞQLHQLDGODF]HJR6ąGGDáZLDUĊW\P
Z\MDĞQLHQLRPSRGF]DVJG\VWRMąRQHZVSU]HF]QRĞFL]WUHĞFLąLNRQWHNVWHP PLHMVFHP]DPLHV]F]HQLD
]DPLHV]F]RQ\FKSU]H]QLHJRZSLVyZVąQLHORJLF]QH]DĞSU]\WRF]HQLHWUHĞFLZ\MDĞQLHĔQLHVWDQRZLRFHQ\
GRZRGX
E RSDUFLHZ\URNXQDVSU]HF]QHMRSLQLLELHJáHM]]DNUHVXOLQJZLVW\NL-3
F EáĊGQHX]QDQLH]DQLHSU]\GDWQH]áRĪRQ\FKGRDNWRSLQLL]G]LHG]LQ\MĊ]\NR]QDZVWZD]LQQ\FKVSUDZ
NDUQ\FKLLFKSRPLQLĊFLHEH]NRQIURQWDFMLW\FKRSLQLL]RSLQLą-3FRVNXWNRZDáR
EáĊGQ\PSU]\MĊFLHPĪH]DPLHV]F]RQHSU]H]RVNDUĪRQHJR]ZURW\FKDFKá\NDEDQ\ ZREHF8NUDLĔFyZ
ĪPLMRZHSOHPLĊ ZREHFĩ RUD]]DPLHV]F]RQHSU]H]QLHJRJUDILNLQLHVWDQRZLą]QLHZDJLLQLH]RVWDá\
XĪ\WH]SRZRGXSU]\QDOHĪQRĞFLQDURGRZHMLFKDGUHVDWyZZUR]XPLHQLXDUWNN
EáĊGQ\PSU]\MĊFLHPĪHZ\SRZLHGĨZSLVRVNDUĪRQHJRRWUHĞFLEUDZRQLHPDPLHMVFDGODEDQGHURZVNR
FKD]DUVNLFKNDEDQyZQLHVWDQRZLQDZRá\ZDQLDGRQLHQDZLĞFLQDWOHUyĪQLFQDURGRZRĞFLRZ\FK SNWD
R