00  XVWDOLOLĪHZGQLXOLVWRSDGDURGEĊG]LHVLĊZVSyOQ\PDUV]RFKDUDNWHU]HXURF]\VWRĞFL SDĔVWZRZ\FK2UJDQL]DFMąPDUV]XPLDá]DMąüVLĊU]ąG53]DĞ3UH]\GHQW53PLDáREMąüPDUV]VZRLP SDWURQDWHP,QIRUPDFMH]ZLą]DQH]]DND]HPPDUV]XRUD]RUJDQL]DFMąPDUV]XSRGSDWURQDWHP3UH]\GHQWD  E\á\SRZV]HFKQLHGRVWĊSQHZSUDVLHUDGLXWHOHZL]MLLLQWHUQHFLHZGQLXOLVWRSDGDU=NROHLMDN SU]\Mąá6ąG2NUĊJRZ\ZGQLXOLVWRSDGDU6WRZDU]\V]HQLH  ZQLRVáRRGZRáDQLHRGGHF\]ML 3UH]\GHQWD  ]GQLDOLVWRSDGDUDSRVWDQRZLHQLHP]OLVWRSDGDU6ąG2NUĊJRZ\Z :DUV]DZLHXFK\OLá]DVNDUĪRQąGHF\]MĊ,QIRUPDFMDRRGZRáDQLXRGGHF\]MLR]DND]LHPDUV]XL UR]VWU]\JQLĊFLX6ąGX2NUĊJRZHJRZ:DUV]DZLHSRMDZLáDVLĊZPHGLDFKZGQLXOLVWRSDGDULE\áD SRZV]HFKQLHGRVWĊSQD =DĪDOHQLHZQLHVLRQHSU]H]3UH]\GHQWD  QDRU]HF]HQLH]OLVWRSDGDU ]RVWDáSU]H]6ąG$SHODF\MQ\Z:DUV]DZLHZGQLXOLVWRSDGDURGGDORQH ,QIRUPDFMDR UR]VWU]\JQLĊFLX6ąGX$SHODF\MQHJRZ:DUV]DZLHSRMDZLáDVLĊZSUDVLHUDGLXWHOHZL]MLLLQWHUQHFLHZGQLX OLVWRSDGDULE\áDSRZV]HFKQLHGRVWĊSQD2VWDWHF]QLHZGQLXOLVWRSDGDUWUDVąURQGR  SO  Z:$-PRVW  XO  XO  QDEáRQLD  SU]HV]á\GZDPDUV]HSLHUZV]\ ]RUJDQL]RZDQ\SU]H]6WRZDU]\V]HQLH  RUD]GUXJLSRGSDWURQDWHP3UH]\GHQWD  6ąG2NUĊJRZ\ XVWDOLáĪHG]LHĔSU]HW\PL]GDU]HQLDPLWMZGQLXOLVWRSDGDURJRG]:6VSU]HFLZLDMąF VLĊ]DFKRZDQLRPJáyZQ\FKLQVW\WXFMLSDĔVWZRZ\FKRUD]VNUDMQ\FKRUJDQL]DFMLZ]DNUHVLHZVSyáG]LDáDQLD ZRUJDQL]DFML0DUV]X1LHSRGOHJáRĞFLXPLHĞFLáQDVZRLPSU\ZDWQ\PSURILOXZVHUZLVLHVSRáHF]QRĞFLRZ\P 7ZSLVRQDVWĊSXMąFHMWUHĞFL-HĞOLNWRĞPLDáMHV]F]HMDNLHĞZąWSOLZRĞFLWRSRXVWDZFH]RVWDWQLFKGQL SRZLQQRE\üMDVQHĪDGHQSU]\]ZRLW\F]áRZLHNQLHSRZLQLHQLĞüZSDUDG]LHREURĔFyZELDáHMUDV\NWyU]\ QDFKZLOĊVFKRZDOLVZHIDODQJLLVZDVW\NLZ]PRZLH]H]RUJDQL]RZDQąJUXSąSU]HVWĊSF]ą  :SLV]RVWDá XGRVWĊSQLRQ\SU]H]XĪ\WNRZQLNyZRUD]SROXELRQ\SU]H]RVyE.RPHQWDU]SRGZSLVHP:6 GRGDáRXĪ\WNRZQLNyZ:UHDNFMLQDWHQĪHZSLVZGQLXOLVWRSDGDUSDUWLDSROLW\F]QD  ZH]ZDáD:6GR]áRĪHQLDRĞZLDGF]HQLDRQDVWĊSXMąFHMWUHĞFL3U]HSURVLQ\3U]HSUDV]DPSDUWLĊSROLW\F]Qą  ]DWRĪHZGQLXOLVWRSDGDUQDSRUWDOX7EH]SUDZQLHQD]ZDáHP  ]RUJDQL]RZDQąJUXSą SU]HVWĊSF]ą2ĞZLDGF]DPĪHEUDNE\áRSRGVWDZGRVIRUPXáRZDQLDWDNLFKRNUHĞOHĔ8EROHZDPĪHZ Z\QLNXPRLFKEH]SUDZQ\FKG]LDáDĔEH]SRGVWDZQLHQDUXV]\áHPGREUHLPLĊSDUWLL  :63DUWLDWD ]DĪąGDáDSU]HSURV]HQLD]DZSLVGRNRQDQ\ZGQLXOLVWRSDGDUZIRUPLHOLVWXRUD]ZSLVXZVHUZLVLH VSRáHF]QRĞFLRZ\P7]DQLHFKDQLDGDOV]HJRQDUXV]DQLDMHMGyEURVRELVW\FKRUD]]DSáDW\NZRW\]áQD U]HF]7RZDU]\VWZD  Z%:6RGHEUDáSRZ\ĪV]HSLVPRZGQLXOLVWRSDGDU 3RZ\ĪV]\VWDQIDNW\F]Q\6ąG2NUĊJRZ\XVWDOLáQDSRGVWDZLHGRZRGyZ]GRNXPHQWyZLLFKRGSLVyZ ]DSLVXQDSá\FLH&'RUD]]H]QDĔSR]ZDQHJRSU]HVáXFKDQHJRZFKDUDNWHU]HVWURQ\3U]\MąáSU]\W\PĪH SRZRáDQDGRNXPHQWDFMDZ\GUXNLRUD]]DSLVQDSá\FLH&'RND]Dá\VLĊZLDU\JRGQ\PĨUyGáHPGRZRGRZ\P ZVSUDZLHDLFKSUDZG]LZRĞüF]\WHĪDXWHQW\F]QRĞüQLHE\á\NZHVWLRQRZDQH]DĞ6ąGQLH]QDOD]áSU]\W\P SRGVWDZE\F]\QLüWR]XU]ĊGX 1DWRPLDVWLQIRUPDFMHGRW\F]ąFHZ\GDQLDSU]H]3UH]\GHQWD  GHF\]MLR ]DND]LHPDUV]XRUJDQL]DFMLPDUV]XSRGSDWURQDWHP3UH]\GHQWD  RGZRáDQLDZQLHVLRQHJRSU]H] 6WRZDU]\V]HQLH  RGGHF\]MLR]DND]LHPDUV]XRUD]UR]VWU]\JQLĊüZ\GDQ\FKSU]H]6ąG2NUĊJRZ\Z