3RZyG6=ZSR]ZLHVNLHURZDQ\PSU]HFLZNR0Z5 1LHPF\ GRPDJDáVLĊ  ]DND]DQLDSR]ZDQHMUR]SRZV]HFKQLDQLDZMDNLNROZLHNVSRVyERNUHĞOHĔSROVNLREy]]DJáDG\OXE SROVNLREy]NRQFHQWUDF\MQ\DWDNĪHMHJRRGSRZLHGQLNyZZMĊ]\NXDQJLHOVNLPQLHPLHFNLPL MDNLPNROZLHNLQQ\PNWyUHVWRVRZDáDQDR]QDF]HQLHQLHPLHFNLFKRER]yZNRQFHQWUDF\MQ\FKLQLHPLHFNLFK RER]yZ]DJáDG\]ORNDOL]RZDQ\FKZRNUHVLH,,ZRMQ\ĞZLDWRZHMQDWHUHQLHRNXSRZDQHM3ROVNL  QDND]DQLDRSXEOLNRZDQLDZMĊ]\NXQLHPLHFNLPQDSRUWDOXLQWHUQHWRZ\P  LSR]RVWDZLHQLHSU]H] RNUHVMHGQHJRPLHVLąFDQDVWURQLHJáyZQHMZUDPFHZ\EROGRZDQąF]FLRQNąSNWQDZáDVQ\NRV]W RĞZLDGF]HQLDZMĊ]\NXQLHPLHFNLPRWUHĞFL0Z\GDZFDSRUWDOXLQWHUQHWRZHJR  Z\UDĪDXEROHZDQLH] SRZRGXSRMDZLHQLDVLĊZGQLX  UQDSRUWDOX  ZDUW\NXOHSW  QLHSUDZG]LZHJRLIDáV]XMąFHJR KLVWRULĊ1DURGX3ROVNLHJRRNUHĞOHQLDVXJHUXMąFHJRMDNRE\REy]]DJáDG\Z7UHEOLQFH]RVWDáZ\EXGRZDQ\L SURZDG]RQ\SU]H]3RODNyZLSU]HSUDV]D3DQD6=NWyU\E\áZLĊ]LRQ\ZQLHPLHFNLPRER]LH NRQFHQWUDF\MQ\P]DQDUXV]HQLHMHJRGyEURVRELVW\FKZV]F]HJyOQRĞFLWRĪVDPRĞFLQDURGRZHM SRF]XFLD SU]\QDOHĪQRĞFLGR1DURGX3ROVNLHJR LMHJRJRGQRĞFLQDURGRZHM  ]DVąG]HQLDRGSR]ZDQHMQDU]HF]3ROVNLHJR=ZLą]NX%\á\FK:LĊĨQLyZ3ROLW\F]Q\FK+LWOHURZVNLFK :LĊ]LHĔL2ER]yZ.RQFHQWUDF\MQ\FKW\V]á 3R]ZDQDSU]HGZGDQLHPVLĊZVSyUFRGRLVWRW\VSUDZ\ZQLRVáDRRGU]XFHQLHSR]ZX]HZ]JOĊGXQDEUDN MXU\VG\NFMLNUDMRZHMVąGyZSROVNLFKWZLHUG]ąFĪHZQLQLHMV]HMVSUDZLHMXU\VG\NFMĊPDMąVąG\QLHPLHFNLH 3RVWDQRZLHQLHP]NZLHWQLDU6ąG2NUĊJRZ\Z:DUV]DZLHRGPyZLáRGU]XFHQLDSR]ZXZVND]XMąF ĪHMHJRMXU\VG\NFMĊX]DVDGQLDDUWSNWUR]SRU]ąG]HQLD3DUODPHQWX(XURSHMVNLHJRL5DG\ 8( QU ]GQLDJUXGQLDUZVSUDZLHMXU\VG\NFMLLX]QDZDQLDRU]HF]HĔVąGRZ\FKRUD]LFK Z\NRQ\ZDQLDZVSUDZDFKF\ZLOQ\FKLKDQGORZ\FK GDOHMUR]SRU]ąG]HQLH 2FHQLáĪH SU]HZLG]LDQ\ZW\PSU]HSLVLHáąF]QLNV]F]HJyOQ\WMPLHMVFHZNWyU\PQDVWąSLáROXEPRĪHQDVWąSLü ]GDU]HQLHZ\ZRáXMąFHV]NRGĊREHMPXMHWDNĪHPLHMVFHZNWyU\PZ\VWąSLáDV]NRGDFRR]QDF]DLĪZ VSUDZLHRQDUXV]HQLHGyEURVRELVW\FK]DSRĞUHGQLFWZHP,QWHUQHWXSRV]NRGRZDQ\PRĪHZ\WRF]\ü SRZyG]WZRSU]HGVąGHPZáDĞFLZ\PGODPLHMVFDZNWyU\PSRNU]\ZG]RQ\PDFHQWUXPVZRLFKLQWHUHVyZ Ī\FLRZ\FK'ODSRZRGDWDNLPPLHMVFHPMHVW3ROVNDJG\ĪMHVWRE\ZDWHOHPSROVNLP]DPLHV]NXMHZ: JG]LHNRQFHQWUXMHVLĊFDáRĞüMHJRDNW\ZQRĞFLRVRELVWHMLVSRáHF]QHMZW\PDNW\ZQDG]LDáDOQRĞüZ3ROVNLP =ZLą]NX%\á\FK:LĊĨQLyZ3ROLW\F]Q\FK+LWOHURZVNLFK:LĊ]LHĔL2ER]yZ.RQFHQWUDF\MQ\FKNWyUHJRMHVW   =GDQLHP6ąGXWDNLHVWDQRZLVNRRGSRZLDGDWDNĪHZ\PDJDQLXSU]HZLG\ZDOQRĞFLJG\ĪSR]ZDQDPRJáD SU]HZLG]LHüĪHVSRUQDSXEOLNDFMDLQWHUQHWRZD]DZLHUDMąFDVIRUPXáRZDQLHSROVNLHRER]\]DJáDG\PRĪH GRWU]HüGRRGELRUF\LE\üSU]H]QLHJRX]QDQD]DQDUXV]DMąFąMHJRGREUDRVRELVWHWDNĪHQDREV]DU]H3ROVNL =ZáDV]F]DĪH]JRGQLH]SU]HGVWDZLRQąSU]H]QLąVWDW\VW\NąZRNUHVLHRG  UGR  URGQRWRZDQRSRQDG W\VZHMĞüQDVWURQĊLQWHUQHWRZąSR]ZDQHMSRFKRG]ąF\FK]3ROVNL =SRVWDQRZLHQLHP6ąGX2NUĊJRZHJRQLH]JRG]LáDVLĊSR]ZDQD]DVNDUĪDMąFMHZFDáRĞFL3U]\