ĪąGDQLDMHVWDUWXVWDZ\]GQLDNZLHWQLDU.RGHNVF\ZLOQ\ ']8]USR]GDOHM NF =GDQLHP3URNXUDWRUD*HQHUDOQHJRSU]\WDF]DMąFHJRVWRVRZQHRU]HF]QLFWZRDUWNFPRĪHE\ü ]DVWRVRZDQ\W\ONRJG\LVWQLHMHF\ZLOQRSUDZQ\RERZLą]HNGRNRQDQLDRNUHĞORQHMF]\QQRĞFLSUDZQHM ]áRĪHQLDRĞZLDGF]HQLDZROL =RERZLą]NLHPW\PPXVLE\üVNRUHORZDQHRGSRZLHGQLHXSUDZQLHQLHGUXJLHM VWURQ\RFKDUDNWHU]HURV]F]HQLDF\ZLOQRSUDZQHJR $UWXVWXJZĪNWyU\EU]PL*PLQ\Ī\GRZVNLH]U]HV]DMąSHáQROHWQLHRVRE\Z\]QDQLD PRMĪHV]RZHJRSRVLDGDMąFHRE\ZDWHOVWZRSROVNLH]DPLHV]NDáHQDWHU\WRULXP5]HF]\SRVSROLWHM3ROVNLHM QLHGDMHSRGVWDZ\ZHGáXJ3URNXUDWRUD*HQHUDOQHJRGRQDáRĪHQLDQDJPLQĊĪ\GRZVNą]U]HV]RQąZ=*:ĩ RERZLą]NXSU]\MĊFLDZSRF]HWF]áRQNyZZV]\VWNLFKRVyEVSHáQLDMąF\FKNU\WHULDZ\PLHQLRQHZW\P SU]HSLVLH7\PVDP\PQLHPRĪQDX]QDüĪH]DLQWHUHVRZDQ\PSU]\MĊFLHPGRWHMZVSyOQRW\SU]\VáXJXMH URV]F]HQLHF\ZLOQRSUDZQHQDPRF\WHJRSU]HSLVX *PLQ\Ī\GRZVNLHU]ąG]ąVLĊZVZRLFKVSUDZDFKSUDZHPZHZQĊWU]Q\PDMHG\Q\PLRUJDQDPL XSUDZQLRQ\PLGRUR]VWU]\JDQLDVSUDZUHJXORZDQ\FKSUDZHPZHZQĊWU]Q\P=*:ĩVąSU]HZLG]LDQHZQLP RUJDQ\ZVSyOQRW\3U]\F]\PZDUXQNLF]áRQNRVWZD]JRGQLH]DUWXVWSUDZDZHZQĊWU]QHJR::ĩ VąEDUG]LHMU\JRU\VW\F]QHQLĪZDUXQNLXVWDZRZH3UDZRZHZQĊWU]QH::ĩQLH]H]ZDODQSQDSU]\MĊFLHGR ZVSyOQRW\ĩ\GyZLLQQ\FKRVyEZ\]QDQLDPRMĪHV]RZHJREĊGąF\FKF]áRQNDPLLQQHJRNRĞFLRáDOXE ]ZLą]NXZ\]QDQLRZHJR 3URNXUDWRU*HQHUDOQ\QLHSRG]LHOLáVWDQRZLVNDVąGXS\WDMąFHJRĪHXG]LHOHQLHRGSRZLHG]LSU]H] 7U\EXQDáQDS\WDQLHSUDZQHMHVWZDUXQNLHPSRGMĊFLDSU]H]VąGUR]VWU]\JQLĊFLD]]DVWRVRZDQLHP NZHVWLRQRZDQHJRSU]HSLVXXVWDZ\DVWZLHUG]HQLHQLHNRQVW\WXF\MQRĞFLQRUP\Z\PLHQLRQHMZVHQWHQFML SRVWDQRZLHQLDSU]HVąG]LRXZ]JOĊGQLHQLXSRZyG]WZD62Z.UDNRZLHZX]DVDGQLHQLXS\WDQLDSUDZQHJR QLHZ]LąáERZLHPSRGXZDJĊĪH]DUWXVWXJZĪQLHZ\QLNDRERZLą]HNSU]\MĊFLDZSRF]HWF]áRQNyZ JPLQ\Ī\GRZVNLHMZV]\VWNLFKRVyEVSHáQLDMąF\FKZDUXQNLZ\PLHQLRQHZW\PSU]HSLVLH7\PVDP\P ]DVNDUĪRQ\SU]HSLVQLHPD]QDF]HQLDZUR]SDWU\ZDQHMSU]H]VąGVSUDZLH6WDQRZLWRSRGVWDZĊGR XPRU]HQLDSRVWĊSRZDQLD]HZ]JOĊGXQDQLHGRSXV]F]DOQRĞüZ\GDQLDZ\URNX]SRZRGXQLHVSHáQLHQLDSU]H] S\WDQLHSUDZQHSU]HVáDQNLSU]HGPLRWRZHMLW\PVDP\PIXQNFMRQDOQHM 0DUV]DáHN6HMPXZSLĞPLH]F]HUZFDUSU]HGVWDZLáVWDQRZLVNRZVSUDZLHZQRV]ąFR XPRU]HQLHSRVWĊSRZDQLDQDSRGVWDZLHDUWXVWSNWXVWDZ\]GQLDVLHUSQLDUR7.]HZ]JOĊGX QDQLHGRSXV]F]DOQRĞüZ\GDQLDZ\URNX 3RGREQLHMDN3URNXUDWRU*HQHUDOQ\0DUV]DáHN6HMPXZVND]DáĪHZVSUDZLH]DZLVáHMSU]HG62Z .UDNRZLHQLHMHVWGRSXV]F]DOQHZ\GDQLHW]ZRU]HF]HQLD]DVWĊSXMąFHJRDZLĊF]DVWRVRZDQLHDUWNF3R SLHUZV]HGODWHJRĪHSU]HSLVWHQGRW\F]\Z\áąF]QLHRĞZLDGF]HĔZROLZUR]XPLHQLXSUDZDF\ZLOQHJR3R GUXJLH]DĞSRQLHZDĪQLHVWZDU]DRQVDPRLVWQHMSRGVWDZ\GODNUHRZDQLDRERZLą]NXZ\UDĪHQLD RĞZLDGF]HQLDZROLDMHG\QLHRNUHĞODVNXWNLSUDZQHZ\QLNDMąFH]HVWZLHUG]HQLDWHJRRERZLą]NXNWyUHJR ĨUyGáHPVąRNUHĞORQHVWRVXQNLPDWHULDOQRSUDZQH7\PF]DVHPQLHVSRVyEMHVWX]QDüĪH]DNZHVWLRQRZDQ\