American Assets Trust, Inc.
Annual Report 2024

Download report (PDF)
Loading PDF...

Plain-text annual report

ANNUAL REPORT 2024 STRATEGIC POSITIONING FOR THE FUTURE A HISTORY OF SUCCESS A FUTURE OF OPPORTUNITY OREGON 4 PROPERTIES 1 Retail 2 Office 1 Multifamily WASHINGTON 4 PROPERTIES 4 Office CALIFORNIA 19 PROPERTIES 8 Retail 6 Office 5 Multifamily TEXAS 1 PROPERTY 1 Retail HAWAII 3 PROPERTIES 2 Retail 1 Mixed-Use * FFO and NOI are non-GAAP financial measures of real estate companies’ operating performance. Please see discussion of calculation and reconciliation in Item 7 “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Form 10-K. Retail square footage includes mixed-use retail. As of December 31, 2024 SQ FT. OF OFFICE 4.1M SQ FT. OF RETAIL 3.2M • Achieved a record $197.5 million in funds from operations (FFO), or $2.58 per diluted share/unit, a 7.7% increase from 2023. • 6.7% compounded annual growth in FFO per share since our initial public offering in 2011. • Reached a record $457.9 million in total revenue, a 3.8% increase from 2023. • Achieved a record $290.1 million in net operating income (NOI), a 4.7% increase from 2023. • Paid out a record $1.34 per share in dividends, totaling over $103 million, a 1.8% increase over 2023. • Set records for average monthly base rent per square foot for both our office and multifamily portfolios in Q3 2024, and for our retail portfolio in Q4 2024. • Multifamily portfolio realized 6.1% same-store cash NOI growth year-over-year. • Retail portfolio realized 5% same-store cash NOI growth year-over-year. • Comparable office leasing spreads increased approximately 6% on a cash basis and 13% on a GAAP basis in 2024. • Comparable retail leasing spreads increased approximately 4.5% on a cash basis and 25% on a GAAP basis in 2024. • Closed a $525 million public bond offering in September 2024, which was initially oversubscribed by more than four times, with proceeds used for repayment of $300 million of debt and the remaining proceeds used for working capital and general corporate purposes. • Maintained investment grade credit ratings from all three major U.S. rating agencies. • Held liquidity of $826 million, comprised of $426 million in cash and cash equivalents and $400 million of availability on our revolving line of credit as of December 31, 2024. 2024 HIGHLIGHTS* PACIFIC RIDGE APARTMENTS San Diego, CA WAIKIKI BEACH WALK Honolulu, HI AMERICAN ASSETS TRUST, INC. is a full-service, vertically integrated and self-administered real estate investment trust, or REIT, headquartered in San Diego, California. We have over 55 years of experience in acquiring, improving, developing and managing premier office, retail and residential properties throughout the United States in some of the nation’s most dynamic, high-barrier-to-entry markets primarily in Southern California, Northern California, Washington, Oregon and Hawaii. GENESEE PARK San Diego, CA LOMA 21 San Diego, CA One of the most significant contributors to our success is our strategically diversified portfolio, which provides stability across economic cycles. Our presence in multiple asset classes — multifamily, retail, office and mixed-use properties — en- sures that we are not overly reliant on any one sector, allowing us to withstand market fluctuations while continuing to gener- ate strong cash flows. MULTIFAMILY As affordability challenges in homeownership continue to drive demand for rental housing, our multifamily properties experienced record-high NOI growth in 2024. We are well-po- sitioned to continue to benefit from constrained supply and Our ability to capitalize on market opportunities during times of economic uncertainty has been a hallmark of our success. In 2024, we achieved new highs in several key financial metrics: •  Funds from Operations (FFO) per diluted share reached its highest level in our history at $2.58 per diluted share, under- scoring the strength of our portfolio and disciplined finan- cial management. •  Total revenue was $458 million, exceeding prior records and demonstrating persistent tenant demand across our diversi- fied property mix as well as our ability to capitalize on one- off opportunities. •  Total dividends paid to stockholders were $1.34 per share (over $103 million in the aggregate) – our highest ever since our initial public offering (IPO) — reflecting our continued commitment to returning value while maintaining a bal- anced approach to growth. Additionally, we successfully executed a $525 million public bond offering of 6.150% senior notes due 2034. The strong demand for this offering, which was initially more than four times oversubscribed, reflects the market’s confidence in our portfolio, our capital allocation and our long-term growth potential. This transaction further strengthened our balance sheet and enabled us to pay off existing debt. A YEAR OF RECORD PERFORMANCE THE STRENGTH OF OUR DIVERSIFIED PORTFOLIO DEAR FELLOW STOCKHOLDERS We are pleased to report that 2024 was another record year for American Assets Trust, Inc. Despite an evolving economic landscape and continued shifts in real estate markets, our diversified asset strategy, strong balance sheet and steadfast commitment to operational excellence have once again delivered exceptional results. As we look ahead to 2025, we anticipate a transitional period as we position our portfolio for long-term, sustainable growth in a changing environment, which we elaborate on below. TORREY POINT AAT CORPORATE HQ San Diego, CA 2 | AMERICAN ASSETS TRUST, INC. favorable demographics in the San Diego market. This is further supported by the region’s low unemployment rates, steady income growth, renowned universities and beautiful beaches, which continue to attract new residents from around the globe. In Portland, while there has been some supply shock that is still being absorbed, we expect new completions to slow in 2025, setting the stage for rent growth later in 2025 or 2026. We remain focused on delivering lifestyle-enhancing improvements across our multifamily portfolio such as upscale fitness centers, inviting community gathering spaces, modernized interiors, native landscap- ing and safety and security elements, to support strong rents, drive long-term value and ensure high tenant retention rates. RETAIL Our well-located, high-traffic retail centers are in the heart of some of the nation’s most affluent, densely populated communities. Retail leas- ing spreads increased, foot traffic remained strong and tenant sales grew, proving the continued value of in-person shopping experiences. Our centers’ strategic high-barrier-to-entry positioning, combined with a diverse tenant mix of best-in-class retailers, enables us to capitalize on evolving consumer trends and enhance our properties’ values. OFFICE Despite ongoing macroeconomic concerns regarding office utiliza- tion, our high-quality office properties in prime locations have con- tinued to attract leading tenants. Leasing activity remained relatively steady and office utilization rates in our markets have trended higher than national averages due to demand for our well-amenitized spaces in some of the country’s most desirable locations. We have invested substantial capital into several office properties, including La Jolla Commons – Tower III, One Beach Street, Timber Ridge (formerly known as Corporate Campus East III) and 14Acres (formerly known as Eastgate Office Park). Upon stabilization, these in- vestments are expected to increase our FFO significantly over the next one to two years. We believe these properties represent long-term value drivers that will enhance our earnings profile and improve our balance sheet metrics as occupancy levels increase. Our ability to secure enduring tenant relationships has further bol- stered our office segment’s resilience. With a focus on flexible leasing structures, state-of-the-art amenities and exemplary customer service, our office properties continue to attract high caliber companies, even during times of economic uncertainty. Understanding the value of in-office work to better collaborate, inno- vate and connect, many of our tenants have instituted return-to-office mandates. This has contributed to a gradual yet steady improvement in office utilization across our portfolio. MIXED-USE Our mixed-use property in Waikiki, located on the island of Oahu, Hawaii, is representative of our diversified approach, blending hospi- tality and retail components to maximize property utilization. The re- surgence in travel and hospitality in 2024 was evident in our Embassy Suites hotel in Waikiki, where RevPAR exceeded pre-pandemic levels. THE LANDMARK @ ONE MARKET San Francisco, CA ALAMO QUARRY MARKET San Antonio, TX 2024 ANNUAL REPORT | 3 ERNEST RADY Executive Chairman ADAM WYLL President and Chief Executive Officer JERRY GAMMIERI Senior Vice President of Construction and Development CHRIS SULLIVAN Senior Vice President of Retail Properties EMILY MANDIC Vice President, Regional Manager, Portland and Bellevue STEVE CENTER Senior Vice President of Office Properties ABIGAIL REX Vice President of Multifamily, San Diego ROBERT F. BARTON Executive Vice President and Chief Financial Officer The performance graph above compares the annualized stockholder return of our shares of common stock since our initial public offering on January 13, 2011 through December 31, 2024 with the returns of the same period for the MSCI US REIT Index and FTSE NAREIT Index. Returns reflect the reinvestment of dividends. Past performance is not an indication or guarantee of future results. TOTAL SHAREHOLDER RETURNS FTSE // 8.2% RMZ // 8.2% AAT // 5.3% While we celebrate our success in 2024, we recognize that 2025 will be a period of strategic recalibration. Macroeconomic condi- tions — including fluctuating interest rates, inflationary pressures, regulatory changes promulgated by the new administration and evolving tenant needs — present both challenges and opportu- nities. As a result, we are proactively positioning our portfolio for long-term growth by focusing on the following: Enhancing Asset Value: We are continuously reinvesting in our properties, ensuring they remain best-in-class. We expect our investments in smart technol- ogy, modern amenities and sustainability to continue to support tenant satisfaction and lease renewals, while attracting new ten- ants across our portfolio. Asset Recycling & Strategic Acquisitions: In the first quarter of 2025, we successfully completed the sale of Del Monte Center in Monterey, California for approximately $123.5 mil- lion. This was a strategic decision that will allow us to focus on markets where we can achieve greater economies of scale and operational efficiencies while aligning with our long-term growth objectives. Shortly after this sale, we acquired Genesee Park, a 192-unit apart- ment community located in San Diego, California. Genesee Park was approximately 93% leased at closing with rental rates that we believe are significantly below prevailing market levels for the sub- market. This acquisition presents a compelling opportunity to en- hance the property’s value through thoughtful management and development initiatives and underscores our focus on long-term shareholder value. Resilient Balance Sheet & Prudent Financial Strategy: Our strong liquidity position and conservative debt management ensure that we are well-prepared to face economic challenges while capitalizing on new opportunities as they arise. Our public bond of- fering both enhanced our liquidity and allowed us to address our debt maturities until 2027, increasing our financial flexibility. POSITIONING FOR 2025 AND BEYOND At the beginning of 2025, we embarked on a leadership transition. Ernest Rady has transitioned to the role of Executive Chairman and Adam Wyll has stepped into the position of President and Chief Executive Officer. This transition represents a natural evolution of our leadership team, ensuring continuity and stability as we advance our strategic vision. Ernest’s deep industry experience and visionary leadership will continue to be critical to our company while Adam’s operational expertise and proven execution capabilities will drive us into the next phase of growth. LEADERSHIP TRANSITION LOOKING AHEAD We remain firmly committed to disciplined decision-mak- ing that drives the long-term growth of our earnings and shareholder value. This strategy is supported by our high-quality, irreplaceable and diverse portfolio, a robust balance sheet, an exceptional management team, talent- ed team members and an agile operating platform — all of which enable us to successfully navigate evolving mar- ket dynamics. We are confident that this approach will al- low us to grow earnings sustainably and deliver consistent outperformance over the long term. On behalf of everyone at American Assets Trust, we thank you for your continued trust and investment in our company. We remain steadfast in our commitment to creating long-term value and look forward to the exciting opportunities ahead. Sincerely, 4 | AMERICAN ASSETS TRUST, INC. FFO Per Share 2 $1.62 $1.76 $1.85 $1.92 $2.09 $2.20 $1.89 $2.00 ‘14 ’15 ’16 ’17 ’18 ’19 ’20 ’21 $2.34 ’22 $2.40 ’23 $2.58 ‘24 Rental Income ($ in millions) $246 $262 $279 $299 $310 $344 $330 $360 ‘14 ’15 ’16 ’17 ’18 ’19 ’20 ’21 $403 ’22 $419 $424 ’23 ’24 Real Estate Assets 3 (At cost, $ in millions) $2,137 $2,246 $2,301 $2,614 $2,630 $3,189 $3,247 ‘14 ’15 ’16 ’17 ’18 ’19 ’20 ’21 $3,529 ’22 $3,671 ’23 ’24 $3,742 $3,626 1 All capitalized terms used on this page, unless specifically defined herein, shall have the same meaning as the capitalized terms used in our Annual Report on Form 10-K. 2 FFO is defined as follows: net income, computed in accordance with GAAP plus depreciation and amortization of real estate assets and excluding extraordinary items, gains and losses on sale of real estate and impairment losses. Comparison of our presentation of FFO may not be comparable to other REITs. A reconciliation of FFO to net income can be found in our Annual Report on Form 10-K. 3 As reported in our Annual Report on Form 10-K. COMPARATIVE METRICS (As of December 31, 2024) 1 LA JOLLA COMMONS San Diego, CA PORTFOLIO SUMMARY (As of December 31, 2024)* * NOI is a non-GAAP financial measure of real estate companies operating performance. Please see discussion of calculation and reconciliation in Item 7 “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Form 10-K. Percentage change of NOI listed above is on a year-over-year basis. 1 Excludes One Beach Street, located in San Francisco, CA, due to significant redevelopment activity and land held for development. • 31 office, retail, multifamily and mixed-use properties • Approximately 7.3 million rentable square feet of office and retail space (including mixed-use retail space), 2,110 residential units (including 120 RV spaces) and a 369-room hotel • Land at three of our properties is classified as held for development and construction in progress RETAIL 94.5% 5.0% Leased Increase in same store cash NOI MIXED-USE 90.5% 83.6% Leased, Waikiki Beach Walk—Retail Average Occupancy, Waikiki Beach Walk—Embassy Suites OFFICE 87.1% 1.7% Leased 1 Decrease in same store cash NOI, excluding properties held for redevelopment MULTIFAMILY 91.8% 6.1% Leased Increase in same store cash NOI WAIKIKI BEACH WALK Honolulu, HI 6 | AMERICAN ASSETS TRUST, INC. AMERICAN ASSETS TRUST 2024 FORM 10-K 2024 ANNUAL REPORT | 7 *#)())( (*')(#-#$""(($# ,(#)$#    $'"   ##*!'%$')%*'(*#))$()$# $' $)(*')(-#) $  @CE967:D42=J62C6?565646>36C   @C  )'#()$#'%$')%*'(*#))$()$# $' $)(*')(-# )$  @CE96EC2?D:E:@?A6C:@57C@>E@ "'#(()()'*()# I24E#2>6@7'68:DEC2?E2D(A64:7:65:?:ED92CE6C @>>:DD:@?7:=6?F>36C   "'#(()()'*()! % I24E#2>6@7'68:DEC2?E2D(A64:7:65:?:ED92CE6C @>>:DD:@?7:=6?F>36C   "2CJ=2?5 >6C:42?DD6ED)CFDE?4    >6C:42?DD6ED)CFDE?4  "2CJ=2?5 >6C:42?DD6ED)CFDE! %   >6C:42?DD6ED)CFDE! %  (E2E6@C@E96C;FC:D5:4E:@?@7:?4@CA@C2E:@?@C@C82?:K2E:@? '(>A=@J6C56?E:7:42E:@?#@   2C>6="@F?E2:?'@25(F:E6 (2?:68@2=:7@C?:2  55C6DD@7%C:?4:A2=I64FE:G6$77:46D2?5/:A@56    '68:DEC2?EMD)6=6A9@?6#F>36C?4=F5:?8C62@56 (64FC:E:6DC68:DE6C65AFCDF2?EE@(64E:@? 3@7E964E '68:DEC2?E ):E=6@7249=2DD )C25:?8(J>3@= #2>6$7249I492?86$?,9:49 '68:DE6C65 A9F=75BGG9HG-FIGH "B7 CAACB,HC7?  D5FJ5@I9 D9FG<5F9 - '9K2CF?,HC7?L7<5B;9 A9F=75BGG9HG-FIGH % ) 'CB9 'CB9 'CB9 (64FC:E:6DC68:DE6C65AFCDF2?EE@(64E:@? 8@7E964E A9F=75BGG9HG-FIGH "B7 'CB9 A9F=75BGG9HG-FIGH % ) 'CB9 "B8=75H96M7<97?A5F?=:H<9+9;=GHF5BH=G5K9@@ ?BCKBG95GCB98=GGI9F 5G89:=B98=B+I@9C:H<9,97IF=H=9G7H A9F=75BGG9HG-FIGH "B7  29G  'C A9F=75BGG9HG-FIGH % )  29G  'C "B8=75H96M7<97?A5F?=:H<9+9;=GHF5BH=GBCHF9EI=F98HC:=@9F9DCFHGDIFGI5BHHC,97H=CBCF,97H=CB8C:H<97H  A9F=75BGG9HG-FIGH "B7  29G  'C A9F=75BGG9HG-FIGH % )  29G  'C "B8=75H96M7<97?A5F?K<9H<9FH<9+9;=GHF5BH<5G:=@985@@F9DCFHGF9EI=F98HC69:=@986M,97H=CBCF8C:H<9 ,97IF=H=9GL7<5B;97HC:8IF=B;H<9DF9798=B;ACBH97HHCGI7<:=@=B;F9EI=F9A9BHG:CFH<9D5GH 85MG  A9F=75BGG9HG-FIGH "B7  29G  'C A9F=75BGG9HG-FIGH % )  29G  'C "B8=75H96M7<97?A5F?K<9H<9FH<9+9;=GHF5BH<5GGI6A=HH989@97HFCB=75@@M5B8DCGH98CB=HG7CFDCF5H9096G=H9 =:5BM  9J9FM"BH9F57H=J95H5=@9F9EI=F98HC69GI6A=HH985B8DCGH98DIFGI5BHHC+I@9C:+9;I@5H=CB, -8IF=B;H<9DF9798=B; ACBH6C:42?DD6ED)CFDE?4 %5F;9779@9F5H98=@9F   779@9F5H98=@9F  'CB 779@9F5H98=@9F   ,A5@@9FF9DCFH=B;7CAD5BM  A9F;=B; FCKH<CAD5BM   ":5B9A9F;=B;;FCKH<7CAD5BM =B8=75H96M7<97?A5F?=:H<9F9;=GHF5BH<5G9@97H98BCHHCIG9H<99LH9B898HF5BG=H=CB D9F=C8:CF7CAD@M=B;K=H<5BMB9KCFF9J=G98:=B5B7=5@577CIBH=B;GH5B85F8GDFCJ=898DIFGI5BHHC,97H=CB5C:H<9 L7<5B;97H   >6C:42?DD6ED)CFDE! % %5F;9779@9F5H98=@9F   779@9F5H98=@9F  'CB 779@9F5H98=@9F   ,A5@@9FF9DCFH=B;7CAD5BM  A9F;=B; FCKH<CAD5BM  ":5B9A9F;=B;;FCKH<7CAD5BM =B8=75H96M7<97?A5F?=:H<9F9;=GHF5BH<5G9@97H98BCHHCIG9H<99LH9B898HF5BG=H=CB D9F=C8:CF7CAD@M=B;K=H<5BMB9KCFF9J=G98:=B5B7=5@577CIBH=B;GH5B85F8GDFCJ=898DIFGI5BHHC,97H=CB5C:H<9 L7<5B;97H  "B8=75H96M7<97?A5F?K<9H<9FH<9F9;=GHF5BH<5G:=@985F9DCFHCB5B85HH9GH5H=CBHC=HGA5B5;9A9BHWG5GG9GGA9BHC:H<9 9::97H=J9B9GGC:=HG=BH9FB5@7CBHFC@CJ9F:=B5B7=5@F9DCFH=B;IB89F,97H=CB6C:H<9,5F65B9G (L@9M7H. ,   66MH<9F9;=GH9F98DI6@=7577CIBH=B;:=FAH<5HDF9D5F98CF=GGI98=HG5I8=HF9DCFH  ":G97IF=H=9G5F9F9;=GH9F98DIFGI5BHHC,97H=CB6C:H<97H =B8=75H96M7<97?A5F?K<9H<9FH<9:=B5B7=5@GH5H9A9BHGC: H<9F9;=GHF5BH=B7@I898=BH<9:=@=B;F9:@97HH<97CFF97H=CBC:5B9FFCFHCDF9J=CIG@M=GGI98:=B5B7=5@GH5H9A9BHG  "B8=75H96M7<97?A5F?K<9H<9F5BMC:HCFHF5BG57H=CBG =B7@I8=B;57EI=G=H=CBG 8=GDCG=H=CBG5B8F9:=B5B7=B;G 5B875B75IG97<5B;9G=B=HG@=B9C:6IG=B9GG  75D=H5@GHFI7HIF95B88=GHF=6IH=CBDC@=7=9G  -<97CAD5BM69@=9J9GH<5H7CA6=B=B;H<95BBI5@F9DCFHGCBCFA $C:A9F=75BGG9HG-FIGH "B7 5B8H<9(D9F5H=B; )5FHB9FG<=D=BHC5G=B;@9F9DCFHK=@@F9GI@H=BH<9:C@@CK=B;69B9:=HG P 69HH9FF9:@97HG6?ED #)1%/)78%8)1)287-28,-76)43688,%8%6)*36;%6(033/-2+78%8)1)287;-8,-28,)1)%2-2+3*8,)6-:%8))'96-8-)7-8-+%8-32 )*361'83* 7)8*368,-2)'8-32 3*8,))'96-8-)7'83* %7%1)2()(368,))'96-8-)7'8%2()'8-32 3* 8,))'96-8-)7<',%2+)'83* %7%1)2()(368,)<',%2+)'824%68-'90%678%8)1)2874)68%-2-2+83396'%4-8%0 6)7396')74368*30-34)6*361%2')%2(6)790873*34)6%8-327'328%-2*36;%6(033/-2+78%8)1)287-/);-7)39678%8)1)287 6)+%6(-2+%28-'-4%8)(+63;8,-2396*92(7*63134)6%8-327%2(%28-'-4%8)(1%6/)8'32(-8-327()13+6%4,-'7%2(6)790873* 34)6%8-327%6)*36;%6(033/-2+78%8)1)287$39'%2-()28-*=*36;%6(033/-2+78%8)1)287&=8,)97)3**36;%6(033/-2+ 8)61-2303+=79',%7@&)0-):)7A@)<4)'87A@1%=A@;-00A@7,390(A@7))/7A@%4463<-1%8)0=A@-28)2(7A@40%27A @)78-1%8)7A36@%28-'-4%8)7A368,)2)+%8-:)3*8,)7);36(7%2(4,6%7)7367-1-0%6;36(7364,6%7)7;,-',%6)46)(-'8-3273* 36-2(-'%8)*9896)):)2873686)2(7%2(;,-',(32386)0%8)730)0=83,-7836-'%01%88)67$39'%2%073-()28-*=*36;%6(033/-2+ 78%8)1)287&=(-7'977-3273*786%8)+=40%2736-28)28-327 36;%6(033/-2+78%8)1)287-2:30:)291)63976-7/7%2(92')68%-28-)7%2(=397,390(2386)0=328,)1%746)(-'8-3273**9896) ):)28736;%6(033/-2+78%8)1)287()4)2(32%779148-327(%8%361)8,3(7;,-',1%=&)-2'366)'836-146)'-7)%2(;)1%= 238&)%&0)836)%0->)8,)1#)(3238+9%6%28))8,%88,)86%27%'8-327%2():)287()7'6-&)(;-00,%44)2%7()7'6-&)(368,%8 8,)=;-00,%44)2%8%00 ,)*3003;-2+*%'8367%132+38,)67'390('%97)%'89%06)79087%2(*9896)):)28783(-**)61%8)6-%00= *6318,37)7)8*368,36'328)140%8)(-28,)*36;%6(033/-2+78%8)1)287 ? %(:)67))'3231-'366)%0)78%8)():)0341)287-23961%6/)87 ? ()*%908732)%60=8)61-2%8-3273*362326)2);%03*0)%7)7&=8)2%287-2'09(-2+7-+2-*-'%288)2%287 ? ()'6)%7)(6)28%06%8)736-2'6)%7)(:%'%2'=6%8)7 ? 396*%-096)83+)2)6%8)79**-'-)28'%7,*03;7837)6:-')39639878%2(-2+-2()&8)(2)77 ? *09'89%8-327-2-28)6)786%8)7%2(-2'6)%7)(34)6%8-2+'3787 ? 396*%-096)833&8%-22)')77%6=3987-()*-2%2'-2+ ? 396-2%&-0-8=83():)034366)():)0343964634)68-)7(9)831%6/)8'32(-8-327 ? 2:)781)286)89627*631396():)034)(4634)68-)71%=&)0)778,%2%28-'-4%8)( ? +)2)6%0)'3231-''32(-8-327 ? *-2%2'-%01%6/)8*09'89%8-327 ? 6-7/78,%8%**)'88,)+)2)6%03**-')6)8%-01908-*%1-0=%2(1-<)(97))2:-6321)28 ? 8,)'314)8-8-:))2:-6321)28-2;,-',;)34)6%8) ? 7=78)1*%-096)7367)'96-8=-2'-()2878,639+,'=&)6%88%'/7 ? 8,)-14%'83*)4-()1-'74%2()1-'73638,)6398&6)%/73*-002)77(-7)%7)36:-697%2(8,)%'8-3278%/)2&= +3:)621)28%98,36-8-)7%2(38,)676)0%8)(8,)6)83-2'09(-2+8,)%&-0-8=3*396'314%2=3964634)68-)7%2( 3968)2%2878334)6%8) ? (-**-'908-)7-2-()28-*=-2+4634)68-)783%'59-6)%2('3140)8-2+%'59-7-8-327 ? 396*%-096)8379'')77*900=34)6%8)%'59-6)(4634)68-)7%2(34)6%8-327 ? 6-7/76)0%8)(83.3-28:)2896)%66%2+)1)287 ? 438)28-%00-8-+%8-32 ? (-**-'908-)7-2'3140)8-2+(-7437-8-327 ? '32*0-'873*-28)6)787;-8,3963**-')6736(-6)'8367 ? 0%'/36-279**-'-)28%1392873*-2796%2') ? )2:-6321)28%092')68%-28-)7%2(6-7/76)0%8)(83%(:)67);)%8,)6'32(-8-327%2(2%896%0(-7%78)67 ? 38,)6*%'8367%**)'8-2+8,)6)%0)78%8)-2(9786=+)2)6%00= ? 0-1-8%8-327-1437)(32396&97-2)77%2(396%&-0-8=837%8-7*='3140)<690)7-236()6*361)6-'%277)87 69782'83'328-29)8359%0-*=%7%6)%0)78%8)-2:)781)288697836 *36!*)()6%0-2'31)8%< 496437)7%2( ? ',%2+)7-2+3:)621)28%06)+90%8-32736-28)646)8%8-3278,)6)3*79',%76)%0)78%8)%2(>32-2+0%;7%2( -2'6)%7)7-26)%04634)68=8%<6%8)7%2(8%<%8-323* 7 #,-0)*36;%6(033/-2+78%8)1)2876)*0)'8396+33(*%-8,&)0-)*78,)=%6)238+9%6%28))73**9896)4)6*361%2')#)(-7'0%-1 %2=3&0-+%8-328349&0-'0=94(%8)366):-7)%2=*36;%6(033/-2+78%8)1)28836)*0)'8',%2+)7-292()60=-2+%779148-32736 *%'8367362);-2*361%8-32(%8%361)8,3(7*9896)):)2873638,)6',%2+)736%*968,)6(-7'977-323*8,)7)%2(38,)6*%'8367 8,%8'390(-14%'8396*9896)6)790874)6*361%2')3686%27%'8-3277))8,)7)'8-32)28-80)(@8)1-7/%'8367A  (F>>2CJ@7':D<24E@CD 2-2:)781)28-23967)'96-8-)7-779&.)'883291)63976-7/7%2(92')68%-28-)7-2'09(-2+8,37),-+,0-+,8)(-28,)7)'8-32)28-80)( 8)1-7/%'8367 ,)*3003;-2+-7%7911%6=3*731)3*8,)46-2'-4%06-7/76)0%8)(83%2-2:)781)28-2396'314%2= P (IFDCFH:C@=CC:DFCD9FH=9G=G89D9B89BHIDCBF9;=CB5@5B8@C75@97CBCA=77CB8=H=CBG5B8=G;9C;F5D<=75@@M 7CB79BHF5H98=B5@=:CFB=5 05G<=B;HCB (F9;CB -9L5G5B8!5K5== K<=7<A5M75IG9IGHC69ACF9 GIG79DH=6@9HC58J9FG989J9@CDA9BHG=BHCFH9B5BHGHC5HHF57HG97HHCACFH;5;9896H P (IFH<=F85A9B8985B8F9GH5H987F98=H:57=@=HM BCH9DIF7<5G95;F99A9BHG5B85A9B8985B8F9GH5H98H9FA@C5B 5;F99A9BHF9GHF=7HCIF56=@=HMHC9B;5;9=BGCA96IG=B9GG57H=J=H=9G =B7@I8=B;CIF56=@=HMHC=B7IF588=H=CB5@ =B896H98B9GG A5?975D=H5@9LD9B8=HIF9G5B8A5?979FH5=B=BJ9GHA9BHG K<=7<7CI@858J9FG9@M5::97HCIF :=B5B7=5@7CB8=H=CB F9GI@HGC:CD9F5H=CBG 75G<:@CK5B8D9FG<5F9HF58=B;DF=79C:CIF7CAACBGHC7? P 095F9GI6>97HHCF=G?GH<5H5::97HH<9;9B9F5@F9H5=@9BJ=FCBA9BH GI7<5GK95?B9GG=BH<997CBCAM H<9@9J9@ C:7CBGIA9FGD9B8=B; H<958J9FG9:=B5B7=5@7CB8=H=CBC:@5F;9F9H5=@=B;7CAD5B=9G5B87CAD9H=H=CB:FCA 8=G7CIBH5B8=BH9FB9HF9H5=@9FG 5BMC:K<=7<7CI@858J9FG9@M5::97HA5F?9HF9BHG:CFF9H5=@GD5795B8H<9 K=@@=B;B9GGCF56=@=HMC:F9H5=@9FGHC@95G9GD579=BCIFG97HHCH<96IG=B9GG :=B5B7=5@5B8CD9F5H=B;F=G?G=B<9F9BHHCH<997HHCF=G?GD5FH=7I@5FHC89J9@CDA9BH GI7<5GIB5BH=7=D5H98 9LD9BG9G 89@5MG5B8CH<9F7CBH=B;9B7=9G 5BMC:K<=7<7CI@858J9FG9@M5::97HCIF:=B5B7=5@7CB8=H=CB F9GI@HG C:CD9F5H=CBG 75G<:@CK5B8H<9D9FG<5F9HF58=B;DF=79C:CIF7CAACBGHC7? P (IFGI779GG89D9B8GCB?9MD9FGCBB9@K97HHCF=G?G5GGC7=5H98K=H<F95@9GH5H95GG9HG5B8H<9F95@9GH5H9=B8IGHFM  =B7@I8=B;@C75@CJ9FGIDD@M F98I7H=CB=B89A5B8CF58J9FG97<5B;9G=B:=B5B7=5@7CB8=H=CBGC:6IM9FG G9@@9FG 5B8H9B5BHGC:DFCD9FH=9G K<=7<7CI@8897F95G9F9J9BI9GCF=B7F95G97CGHG K<=7<KCI@858J9FG9@M5::97HCIF :=B5B7=5@7CB8=H=CB F9GI@HGC:CD9F5H=CBG 75G<:@CK5B8H<9D9FG<5F9HF58=B;DF=79C:CIF7CAACBGHC7? P (IFDFCD9FHMH5L9G7CI@8=B7F95G98I9HCDFCD9FHMH5LF5H97<5B;9GCFF95GG9GGA9BH K<=7<KCI@858J9FG9@M =AD57HCIF75G<:@CKG P G5BCKB9FC:F95@9GH5H9 K97CI@8=B7IFG=;B=:=75BH7CGHG5B8@=56=@=H=9GF9@5H98HC9BJ=FCBA9BH5@A5HH9FG P 5=@IF9HCA5=BH5=BCIFEI5@=:=75H=CB5G5+"-KCI@8<5J9G=;B=:=75BH58J9FG97CBG9EI9B79GHCIG5B8H<9 J5@I9C:CIF7CAACBGHC7? P -CA5=BH5=BCIF+"-GH5HIG K9A5M69:CF798HC6CFFCK:IB8G8IF=B;IB:5JCF56@9A5F?9H7CB8=H=CBG 5B8 H<9IB5J5=@56=@=HMC:GI7<75D=H5@CB:5JCF56@9H9FAG5HH<989G=F98H=A9G CF5H5@@ A5M75IG9IGHC7IFH5=@CIF =BJ9GHA9BH57H=J=H=9G5B8 CFHC8=GDCG9C:5GG9HG5H=BCDDCFHIB9H=A9G K<=7<7CI@858J9FG9@M5::97HCIF :=B5B7=5@7CB8=H=CB F9GI@HGC:CD9F5H=CBG 75G<:@CK5B8D9FG<5F9HF58=B;DF=79C:CIF7CAACBGHC7?  %')  )" *(#(( 6?6C2= .B@9GGCH<9FK=G9=B8=75H98CFIB@9GGH<97CBH9LHF9EI=F9GCH<9FK=G9 F9:9F9B79GHCUK9 VUCIF VUIGV5B8UCIF7CAD5BMV F9:9FHCA9F=75BGG9HG-FIGH "B7 5&5FM@5B87CFDCF5H=CB HC;9H<9FK=H<CIF7CBGC@=85H98GI6G=8=5F=9G =B7@I8=B;A9F=75B GG9HG-FIGH % ) 5&5FM@5B8@=A=H98D5FHB9FG<=D C:K<=7<K95F9H<9GC@9;9B9F5@D5FHB9F5B8K<=7<K9F9:9FHC=BH<=GF9DCFH 5GCIF(D9F5H=B;)5FHB9FG<=D "BGH5H9A9BHGF9;5F8=B;EI5@=:=75H=CB5G5+"- GI7<H9FAGF9:9FGC@9@MHCA9F=75BGG9HG-FIGH  "B7 095F95:I@@G9FJ=79 J9FH=75@@M=BH9;F5H985B8G9@: 58A=B=GH9F98F95@9GH5H9=BJ9GHA9BHHFIGH CF+"- H<5HCKBG CD9F5H9G  57EI=F9G5B889J9@CDG<=;<EI5@=HMC::=79 F9H5=@ AI@H=:5A=@M5B8A=L98 IG9DFCD9FH=9G=B5HHF57H=J9 <=;< 65FF=9F HC 9BHFM A5F?9HG=B,CIH<9FB5@=:CFB=5 'CFH<9FB5@=:CFB=5 05G<=B;HCB (F9;CB -9L5G5B8!5K5== GC:979A69F  CIF DCFH:C@=C=G7CADF=G98C:HK9@J9C::=79DFCD9FH=9GHK9@J9F9H5=@GA6E:E:G6(EC6?8E9D 0969@=9J9H<9:C@@CK=B;7CAD9H=H=J9GHF9B;H97H=J9G5F9HC=B7F95G9CD9F5H=B;75G<:@CKG ;9B9F5H9@CB; H9FA;FCKH<5B8A5L=A=N9 GHC7?97H=J9G P %4-8%0->-2+32 '59-7-8-324436892-8-)7-2-+,%66-)683286=%6/)8709=BH9B8HCDIFGI9;FCKH< HIGH98F9HIFBG P -7'-40-2)(%4-8%0)'='0-2+86%8)+=(IFGHF5H9;M=GHCDIFGI95B9::=7=9BH5GG9H5@@C75H=CBGHF5H9;MH<5H A5L=A=N9GH<9J5@I9C:CIF=BJ9GHA9BHG6MG9@97H=J9@M8=GDCG=B;C:DFCD9FH=9GK2?2A:E2= H979A69F  K9<589AD@CM99G 'CB9C:CIF9AD@CM99G5F9F9DF9G9BH986M57C@@97H=J965F;5=B=B;IB=H  0969@=9J9H<5HCIFF9@5H=CBG<=DK=H<CIF9AD@CM99G=G;CC8 0969@=9J9CIF7CAA=HA9BHHCCIF97HHC@=A=H5H=CBG=BJC@J=B;@5F;9 898I7H=6@9GCF7C D5MA9BHG5B8DC@=7M@=A=HGH<5HA5MBCH69GI::=7=9BHHC7CJ9F@CGG9G:CFGI7<9J9BHG "B588=H=CB 5@@CIF DFCD9FH=9G9L79DHCIFDFCD9FHM@C75H98=B,5BBHCB=C -9L5G5F9GI6>97HHC5B=B7F95G98F=G?C:95FHI8;A9BH H<9J5@I9 C:H<97CJ9F5;98=G7CIBH98:CFH<9F=G?C:@CGG @GC =:89GHFCM98 K9A5MBCH6956@9HCF96I=@879FH5=BC:CIFDFCD9FH=9G8I9HC 7IFF9BHNCB=B;5B8@5B8IG9F9;I@5H=CBG G5F9GI@H K9A5M69F9EI=F98HC=B7IFG=;B=:=75BH7CGHG=BH<99J9BHC:58J9FG9 K95H<9F7CB8=H=CBG5B8B5HIF5@8=G5GH9FG "B588=H=CB CIFH=H@9=BGIF5B79DC@=7=9GA5MBCH=BGIF9:CFH<97IFF9BH5;;F9;5H9A5F?9H J5@I9C:CIFDCFH:C@=C 5B8K98CBCH=BH9B8HC=B7F95G9CIFH=H@9=BGIF5B797CJ9F5;9=:H<9A5F?9HJ5@I9C:CIFDCFH:C@=C =B7F95G9G ":K9CFCB9CFACF9C:CIFH9B5BHG9LD9F=9B79G5@CGGH<5H=GIB=BGIF98CFH<5H9L7998G5DD@=756@9DC@=7M@=A=HG K9 7CI@8@CG9H<975D=H5@=BJ9GH98=BH<985A5;98DFCD9FH=9G5GK9@@5GH<95BH=7=D5H98:IHIF975G<:@CKG:FCAH97HHCF97CIFG9=B896H98B9GG K9KCI@87CBH=BI9HC69@=56@9:CFH<9=B896H98B9GG  9J9B=:H<9G9DFCD9FH=9GK9F9=FF9D5F56@M85A5;98 IFH<9FACF9 K9A5MBCH6956@9HCC6H5=B589EI5H9=BGIF5B797CJ9F5;95H F95GCB56@97CGHG=BH<9:IHIF9=:H<97CGHG5GGC7=5H98K=H<DFCD9FHM5B875GI5@HMF9B9K5@G697CA9<=;<9FH<5B5BH=7=D5H98CF =BGIF5B7975FF=9FGBC@CB;9FC::9F79FH5=B7CJ9F5;9 '68F=2E:@? (IFDFCD9FH=9G5F9GI6>97HHCJ5F=CIG7CJ9B5BHG @5KG CF8=B5B79G5B8F9;I@5H=CBG =B7@I8=B;@5KGGI7<5GH<9A9F=75BG K=H<=G56=@=H=9G7HC: CFH<9 5B8H<95=F!CIG=B;A9B8A9BH7HC: CFH<9! H<5H=ADCG9:IFH<9F F9GHF=7H=CBGCBCIFDFCD9FH=9G5B8CD9F5H=CBG .B89FH<95B8H<9! 5@@DI6@=7577CAAC85H=CBGAIGHA99H:989F5@ F9EI=F9A9BHGF9@5H98HC5779GG5B8IG96M8=G56@98D9FGCBG ,CA9C:CIFDFCD9FH=9GA5M7IFF9BH@M69=BBCB 7CAD@=5B79K=H< H<9CFH<9! ":CB9CFACF9C:H<9DFCD9FH=9G=BCIFDCFH:C@=C=GBCH=B7CAD@=5B79K=H<H<9 H<9!CF5BM CH<9FF9;I@5HCFMF9EI=F9A9BHG K9A5M69F9EI=F98HC=B7IF588=H=CB5@7CGHGHC6F=B;H<9DFCD9FHM=BHC7CAD@=5B795B8K9A=;C=BH5B8G9J9F5@ -<9G9@=56=@=H=9G7CI@869GI6GH5BH=5@5B8H<97CGHC:5BMF9EI=F98F9A98=5H=CB F9ACJ5@ :=B9GCFCH<9F7CGHG 7CI@89L7998H<9J5@I9C:H<9DFCD9FHM5B8 CFCIF5;;F9;5H95GG9HG "B588=H=CB H<9DF9G9B79C:7CBH5A=B5H=CBCFH<9:5=@IF9HC F9A98=5H97CBH5A=B5H=CB5HCIFDFCD9FH=9GA5M9LDCG9IGHCH<=F8 D5FHM@=56=@=HM:CF7CGHGC:F9A98=5H=CB5B8 CFD9FGCB5@CF DFCD9FHM85A5;9CFA5H9F=5@@M58J9FG9@M5::97HCIF56=@=HMHCG9@@ @95G9CF89J9@CDCIFDFCD9FH=9GCFIG9CIFDFCD9FH=9G5G 7C@@5H9F5@:CF:IHIF96CFFCK=B;G "B588=H=CB 9BJ=FCBA9BH5@@5KGA5M7F95H9@=9BGCB7CBH5A=B5H98G=H9G=B:5JCFC:H<9 ;CJ9FBA9BH:CF85A5;9G5B87CGHG=H=B7IFGHC588F9GGGI7<7CBH5A=B5H=CB &CF9CJ9F =:7CBH5A=B5H=CB=G8=G7CJ9F98CBCIF DFCD9FH=9G 9BJ=FCBA9BH5@@5KGA5M=ADCG9F9GHF=7H=CBGCBH<9A5BB9F=BK<=7<DFCD9FHMA5M69IG98CF6IG=B9GG9GA5M69 CD9F5H98 5B8H<9G9F9GHF=7H=CBGA5MF9EI=F9GI6GH5BH=5@9LD9B8=HIF9G  ,CA9C:CIFDFCD9FH=9G<5J9699BCFA5M69=AD57H986M7CBH5A=B5H=CB5F=G=B;:FCA7IFF9BHCFDF=CFIG9GC:H<9DFCD9FHM  CF58>579BHDFCD9FH=9G :CF7CAA9F7=5@CF=B8IGHF=5@DIFDCG9G ,I7<7CBH5A=B5H=CBA5M5F=G9:FCAGD=@@GC:D9HFC@9IACF <5N5F8CIGGI6GH5B79GCFF9@95G9G:FCAH5B?GIG98HCGHCF9GI7<A5H9F=5@G CF9L5AD@9 9@&CBH99BH9F=G7IFF9BH@M IB89F;C=B;F9A98=5H=CBC:8FM7@95B=B;GC@J9BH7CBH5A=B5H=CB:FCA5:CFA9FCBG=H98FM7@95B9F -<99BJ=FCBA9BH5@=GGI9=G 7IFF9BH@M=BH<9:=B5@GH5;9GC:F9A98=5H=CBK<=7<9BH5=@GH<9@CB;H9FA;FCIB8ACB=HCF=B;6MH<95DDFCDF=5H9F9;I@5HCFM5;9B7M CJ9FH<9B9LH:=J9HCG9J9BM95FG -<9DF=CFCKB9FC:9@&CBH99BH9F9BH9F98=BHC5:=L98:999BJ=FCBA9BH5@G9FJ=79G 5;F99A9BH=BDIFGI5BHHCK<=7<H<9F9A98=5H=CBK=@@697CAD@9H98:CF5DDFCL=A5H9@M A=@@=CB K=H<H<9F9A98=5H=CB 7CGHGD5=8:CFH97HHCF9;I@5H=CB ,I7<9BJ=FCBA9BH5@5B8<95@H<5B8G5:9HM@5KG5B8F9;I@5H=CBG7CI@8GI6>97HIGCFCIFH9B5BHGHC@=56=@=HM F9GI@H=B;:FCAH<9G957H=J=H=9G CF588=H=CB5@=B:CFA5H=CB G99H<9G97H=CBH=H@98U+=G?57HCFGS+=G?G+9@5H98HCH<9+95@GH5H9 "B8IGHFMSG5BCKB9FC:F95@9GH5H9 K97CI@8=B7IFG=;B=:=75BH7CGHG5B8@=56=@=H=9GF9@5H98HC9BJ=FCBA9BH5@A5HH9FG V @>A6E:E:@? 097CAD9H9K=H<5BIA69FC:89J9@CD9FG CKB9FG5B8CD9F5HCFGC:C::=79 F9H5=@ AI@H=:5A=@M5B8A=L98 IG9F95@9GH5H9  A5BMC:K<=7<CKBDFCD9FH=9GG=A=@5FHCCIFG=BH<9G5A9A5F?9HG=BK<=7<CIFDFCD9FH=9G5F9@C75H985B8GCA9C:K<=7<<5J9 ;F95H9F:=B5B7=5@F9GCIF79GH<5BK98C "BCD9F5H=B;5B8A5B5;=B;CIFDCFH:C@=C K97CAD9H9:CFH9B5BHG65G98CB5BIA69FC: :57HCFG =B7@I8=B;@C75H=CB F9BH5@F5H9G G97IF=HM :@9L=6=@=HM5B89LD9FH=G9HC89G=;BGD579HCA99HDFCGD97H=J9H9B5BHGB998G5B8 H<9A5BB9F=BK<=7<H<9DFCD9FHM=GCD9F5H98 A5=BH5=B985B8A5F?9H98 G@95G9G5HCIFDFCD9FH=9G9LD=F9 K9A5M9B7CIBH9F G=;B=:=75BH7CAD9H=H=CBHCF9B9KCFF9 @9HGD579=B@=;6?ED 09CD9F5H9=B:CIF6IG=B9GGG9;A9BHGC::=79 F9H5=@ AI@H=:5A=@M5B8A=L98 IG9 "B:CFA5H=CBF9@5H98HCCIF6IG=B9GG G9;A9BHG:CF 5B8=GG9H:CFH<=B'CH9HCCIF7CBGC@=85H98:=B5B7=5@GH5H9A9BHG=B"H9AC:H<=G+9DCFH   )6?2?ED44@F?E:?87@C@G6C @7'6G6?F6D 'CB9C:CIFH9B5BHG577CIBH98:CFACF9H<5BC:HCH5@F9J9BI9G=B5BMC:H<9M95FG9B898979A69F   CF %)%!C@8=B;G "B7 5H%5#C@@5CAACBG577CIBH98:CF5DDFCL=A5H9@M   5B8 C:HCH5@C::=79 G9;A9BHF9J9BI9G:CFH<9M95FG9B898979A69F  5B8 F9GD97H=J9@M  CC;@9%%5H-<9%5B8A5F?5H(B9 &5F?9H577CIBH98:CF5DDFCL=A5H9@M   5B8 C:HCH5@C::=79G9;A9BHF9J9BI9G:CFH<9M95FG9B898 979A69F  5B8 F9GD97H=J9@M @C6:8?$A6C2E:@?D 098CBCH9B;5;9=B5BM:CF9=;BCD9F5H=CBGCF89F=J95BMF9J9BI9:FCA:CF9=;BGCIF79G G2:=23=6?7@C>2E:@? 09:=@9CIF5BBI5@F9DCFHCBCFA $ EI5FH9F@MF9DCFHGCBCFA * 7IFF9BHF9DCFHGCBCFA $ 5B85@@ 5A9B8A9BHGHCH97H P K9A5MJ=C@5H9F9GHF=7H=J97CJ9B5BHG=BCIF@C5B8C7IA9BHG K<=7<KCI@89BH=H@9H<9@9B89FGHC5779@9F5H9CIF 896HC6@=;5H=CBG5B8 P CIF89:5I@HIB89F5BM@C5BK=H<7FCGG 89:5I@HDFCJ=G=CBG7CI@8F9GI@H=B589:5I@HCBCH<9F=B896H98B9GG  ":5BMCB9C:H<9G99J9BHGK9F9HCC77IF CIF:=B5B7=5@7CB8=H=CB F9GI@HGC:CD9F5H=CBG 75G<:@CK5B8D9FG<5F9HF58=B; DF=79C:CIF7CAACBGHC7?7CI@86958J9FG9@M5::97H98 IFH<9FACF9 :CF97@CGIF9G7CI@87F95H9H5L56@9=B7CA9K=H97H5B8H9FA=B5H9=HG@95G9K=H<IG BM7@5=A5;5=BGHGI7< H9B5BH:CFIBD5=8 :IHIF9F9BHKCI@869GI6>97HHC5GH5HIHCFM75DH<5HA=;CFH9B5BHG A5M:5=@HC7CAD@MK=H<H<9=F7CBHF57HI5@C6@=;5H=CBGHCIG G99? 7CB79GG=CBG=BCF89FHC7CBH=BI9CD9F5H=CBGCF897@5F965B?FIDH7M 5BMC:K<=7<7CI@8F9GI@H=BH<9H9FA=B5H=CBC:GI7<H9B5BHG @95G9G5B8H<9@CGGC:F9BH5@=B7CA95HHF=6IH56@9HCH<9H9FA=B5H98@95G9G "B588=H=CB 79FH5=BC:CIFH9B5BHGA5M795G9CD9F5H=CBG K<=@97CBH=BI=B;HCD5MF9BH K<=7<7CI@8897F95G97IGHCA9FHF5::=7 H<9F96M897F95G=B;G5@9G:CFCIFCH<9FH9B5BHG5HH<9 5DD@=756@9F9H5=@DFCD9FHM "B588=H=CBHCH<9G9DCH9BH=5@9::97HGC:56IG=B9GG8CKBHIFB A9F;9FGCF7CBGC@=85H=CBG5ACB;@5F;9 F9H5=@9GH56@=GCFH9B5BH7CI@8G=;B=:=75BH@MF98I79CIFC77ID5B7M@9J9@CFH<9F9BHK9 F979=J9:FCACIFF9H5=@DFCD9FH=9G 5B8K9A5MBCH<5J9H<9F=;CFH9B5BHCF5B797HHC7CB8=H=CBGHC7@CG=B;  K<=7<K9A5M69IB56@9HCG5H=G:M5B8  K9A5M69IB56@9HC:=B5B79H<957EI=G=H=CBCB:5JCF56@9H9FAGCF5H5@@   ":K95F9IB56@9HC:=B5B79DFCD9FHM57EI=G=H=CBGCF57EI=F9DFCD9FH=9GCB:5JCF56@9H9FAG CF5H5@@ CIF:=B5B7=5@ 7CB8=H=CB F9GI@HGC:CD9F5H=CBG 75G<:@CK5B8D9FG<5F9HF58=B;DF=79C:CIF7CAACBGHC7?7CI@86958J9FG9@M5::97H98 "B 588=H=CB :5=@IF9HC=89BH=:MCF7CAD@9H957EI=G=H=CBGC:GI=H56@9DFCD9FH=9G7CI@8G@CKCIF;FCKH< #)*%')7-+2-*-'%28'314)8-8-32*36%'59-7-8-3273*6)%04634)68-)7;,-',1%=6)(9')8,)291&)63*%'59-7-8-32 34436892-8-)7%:%-0%&0)8397%2(-2'6)%7)8,)'37873*8,)7)%'59-7-8-327 -<97IFF9BHA5F?9H:CF57EI=G=H=CBG7CBH=BI9GHC699LHF9A9@M7CAD9H=H=J9 -<=G7CAD9H=H=CBA5M=B7F95G9H<989A5B8:CF H<9HMD9GC:DFCD9FH=9G=BK<=7<K9HMD=75@@M=BJ9GH5B8 H<9F9:CF9 F98I79H<9BIA69FC:GI=H56@957EI=G=H=CBCDDCFHIB=H=9G 5J5=@56@9HCIG5B8=B7F95G9H<9DF=79GD5=8:CFGI7<57EI=G=H=CBDFCD9FH=9G 095@GC:579G=;B=:=75BH7CAD9H=H=CB:CF5HHF57H=J9 57EI=G=H=CBCDDCFHIB=H=9G:FCA5B=B89H9FA=B5H9BIA69FC:=BJ9GHCFG =B7@I8=B;DI6@=7@MHF58985B8DF=J5H9@M<9@8+"-G  DF=J5H99EI=HM=BJ9GHCFG5B8=BGH=HIH=CB5@=BJ9GHA9BH:IB8G GCA9C:K<=7<<5J9;F95H9F:=B5B7=5@F9GCIF79GH<5BK98C 5;F95H9F 56=@=HMHC6CFFCK:IB8GHC57EI=F9DFCD9FH=9G5B8H<956=@=HMHC5779DHACF9F=G?H<5BK975BDFI89BH@MA5B5;9 =B7@I8=B;F=G?G K=H<F9GD97HHCH<9;9C;F5D<=7DFCL=A=HMC:=BJ9GHA9BHG5B8H<9D5MA9BHC:<=;<9F57EI=G=H=CBDF=79G -<=G7CAD9H=H=CBK=@@ =B7F95G9=:=BJ9GHA9BHG=BF95@9GH5H9697CA9ACF95HHF57H=J9F9@5H=J9HCCH<9F:CFAGC:=BJ9GHA9BH CAD9H=H=CB:CF=BJ9GHA9BHG A5MF98I79H<9BIA69FC:GI=H56@9=BJ9GHA9BHCDDCFHIB=H=9G5J5=@56@9HCIG5B8A5M<5J9H<99::97HC:=B7F95G=B;DF=79GD5=8:CF GI7<57EI=G=H=CBDFCD9FH=9G5B8 CFF98I7=B;H<9F9BHGK975B7<5F;95B8 5G5F9GI@H 58J9FG9@M5::97H=B;CIFCD9F5H=B;F9GI@HG #)1%=&)92%&0)836)2);0)%7)70)%7):%'%2874%')366)0)874%')%70)%7)7)<4-6)8,)6)&=-2'6)%7-2+36463032+-2+ :%'%2'-)7;,-','390(%(:)67)0=%**)'8396*-2%2'-%0'32(-8-326)790873*34)6%8-327'%7,*03;%2(4)67,%6)86%(-2+46-') 3*396'31132783'/ GC:979A69F  @95G9GF9DF9G9BH=B; C:H<9GEI5F9:CCH5;95B8 C:H<95BBI5@=N9865G9F9BHC:H<9 DFCD9FH=9G=BCIFC::=79 F9H5=@5B8F9H5=@DCFH=CBC:CIFA=L98 IG9DCFH:C@=CGK=@@9LD=F9=B 5B85B588=H=CB5@ C:H<9 GEI5F9:CCH5;9C:H<9DFCD9FH=9G=BCIFC::=79 F9H5=@5B8F9H5=@DCFH=CBC:CIFA=L98 IG9DCFH:C@=CGK5G5J5=@56@9 0975BBCH 5GGIF9MCIH<5H@95G9GK=@@69F9B9K98CFH<5HCIFDFCD9FH=9GK=@@69F9 @9H5HF9BH5@F5H9G9EI5@HCCF56CJ9H<97IFF9BH5J9F5;9 F9BH5@F5H9GCFH<5HGI6GH5BH=5@F9BH565H9A9BHG H9B5BH=ADFCJ9A9BHG 95F@MH9FA=B5H=CBF=;C6@CGG9G5B8IB9AD@CMA9BH@9J9@G F979GG=CB D9FGCB5@896H@9J9@G H<98CKBHIFB=BH<997HHC5BCBF97CIFG9ACFH;5;9@C5BKCI@869HF95H985G5G5@9C:H<9DFCD9FHM:CF5DIF7<5G9DF=799EI5@HC H<9CIHGH5B8=B;65@5B79C:H<9896HG97IF986MH<9ACFH;5;9 ":H<9CIHGH5B8=B;65@5B79C:H<9896HG97IF986MH<9ACFH;5;9 9L7998GCIFH5L65G=G=BH<9DFCD9FHM K9KCI@8F97C;B=N9H5L56@9=B7CA9CB:CF97@CGIF9 6IHKCI@8BCHF979=J95BM75G< DFC7998G K<=7<7CI@8<=B89FCIF56=@=HMHCA99HH<9+"-8=GHF=6IH=CBF9EI=F9A9BHG=ADCG986MH<9C89  96*9896)%'59-7-8-3271%=238=-)0(8,)6)89627;))<4)'8%2(;)1%=38,)6;-7)&)92%&0)8334)6%8)8,)7)4634)68-)783 1))8396*-2%2'-%0)<4)'8%8-327;,-','390(%(:)67)0=%**)'8396*-2%2'-%0'32(-8-326)790873*34)6%8-327'%7,*03;%2( 4)67,%6)86%(-2+46-')3*396'31132783'/ (IF:IHIF957EI=G=H=CBG5B8CIF56=@=HMHCGI779GG:I@@MCD9F5H9H<9DFCD9FH=9GK957EI=F9=BGI7<57EI=G=H=CBGA5M69 9LDCG98HCH<9:C@@CK=B;G=;B=:=75BHF=G?G P 9J9B=:K95F956@9HC57EI=F9589G=F98DFCD9FHM 7CAD9H=H=CB:FCACH<9FDCH9BH=5@57EI=F9FGA5MG=;B=:=75BH@M =B7F95G9H<9DIF7<5G9DF=79 P K9A5M57EI=F9DFCD9FH=9GH<5H5F9BCH577F9H=J9HCCIFF9GI@HGIDCB57EI=G=H=CB 5B8K9A5MBCHGI779GG:I@@M A5B5;95B8@95G9H97HHC@=56=@=H=9G5B8K=H97H98H=A9C:8=GDCG=H=CBC:CIF5GG9HG "B588=H=CB  D5MA9BHGC:DF=B7=D5@5B8=BH9F9GHA589HCG9FJ=79CIF896HGA5M@95J9IGK=H<=BGI::=7=9BH75G<HCD5MH<98=GHF=6IH=CBGH<5HK9 5F9F9EI=F98HCD5MHCA5=BH5=BCIFEI5@=:=75H=CB5G5+"-  %-096)83,)(+))**)'8-:)0=%+%-278-28)6)786%8)',%2+)71%=%(:)67)0=%**)'8396*-2%2'-%0'32(-8-326)790873*34)6%8-327 '%7,*03;%2(4)67,%6)86%(-2+46-')3*396'31132783'/ +I@9G5B8F9;I@5H=CBG5DD@=756@9HC+"-G=ADCG979FH5=BF9GHF=7H=CBGCBCIF56=@=HMHCIH=@=N9<98;9G GK5DG5B8CH<9F HMD9GC:89F=J5H=J9GHC<98;9CIF@=56=@=H=9G ,I6>97HHCH<9G9F9GHF=7H=CBG K9A5M9BH9F=BHC<98;=B;HF5BG57H=CBGHCDFCH97HIG :FCAH<99::97HGC:=BH9F9GHF5H9:@I7HI5H=CBGCB:@C5H=B;F5H9896H (IF<98;=B;HF5BG57H=CBGA5M=B7@I899BH9F=B;=BHC=BH9F9GH F5H975D5;F99A9BHGCF=BH9F9GHF5H9GK5D5;F99A9BHG G89G7F=698IB89F'CH9 9F=J5H=J95B8!98;=B;7H=J=H=9G HCH<9 577CAD5BM=B;7CBGC@=85H98:=B5B7=5@GH5H9A9BHG K9<5J99BH9F98=BHCG9J9F5@=BH9F9GHF5H9GK5D5;F99A9BHGH<5H5F9=BH9B898HC F98I79H<9=BH9F9GHF5H9J5F=56=@=HM9LDCGIF9K=H<F9GD97HHC79FH5=BC:CIF=B896H98B9GG -<9G95;F99A9BHG=BJC@J9F=G?G GI7<5G H<9F=G?H<5HGI7<5FF5B;9A9BHGKCI@8BCH699::97H=J9=BF98I7=B;CIF9LDCGIF9HC=BH9F9GHF5H97<5B;9GCFH<5H57CIFH7CI@8 FI@9H<5HGI7<5B5;F99A9BH=GBCH@9;5@@M9B:CF7956@9 "B588=H=CB =BH9F9GHF5H9<98;=B;75B699LD9BG=J9 D5FH=7I@5F@M8IF=B; D9F=C8GC:F=G=B;5B8JC@5H=@9=BH9F9GHF5H9G !98;=B;7CI@8F98I79H<9CJ9F5@@F9HIFBGCBCIF=BJ9GHA9BHG 5=@IF9HC<98;9 9::97H=J9@M5;5=BGH=BH9F9GHF5H97<5B;9G7CI@8A5H9F=5@@M58J9FG9@M5::97HCIF:=B5B7=5@7CB8=H=CB F9GI@HGC:CD9F5H=CBG 75G< :@CK5B8D9FG<5F9HF58=B;DF=79C:CIF7CAACBGHC7? "B588=H=CB K<=@9GI7<5;F99A9BHGKCI@869=BH9B898HC@9GG9BH<9 =AD57HC:F=G=B;=BH9F9GHF5H9GCBIG H<9M7CI@85@GC9LDCG9IGHCH<9F=G?H<5HH<9CH<9FD5FH=9GHCH<95;F99A9BHGKCI@8BCH D9F:CFA K97CI@8=B7IFG=;B=:=75BH7CGHG5GGC7=5H98K=H<H<9G9HH@9A9BHC:H<95;F99A9BHGCFH<5HH<9IB89F@M=B;HF5BG57H=CBG 7CI@8:5=@HCEI5@=:M5G<=;<@M 9::97H=J975G<:@CK<98;9GIB89F=B5B7=5@77CIBH=B;,H5B85F8GC5F8 CF, 77CIBH=B; ,H5B85F8GC8=:=75H=CB CF, -CD=7 )6-:%8-:)7%2()(+-2+ 968,-6(%1)2()(%2(6)78%8)('6)(-8*%'-0-8=238)496',%7)%+6))1)287%2(%1)2()(%2(6)78%8)(8)6103%2%+6))1)28 6)786-'8396%&-0-8=83)2+%+)-2731)&97-2)77%'8-:-8-)7-2'09(-2+396%&-0-8=83-2'96%((-8-32%0-2()&8)(2)771%/)'%4-8%0 )<4)2(-896)7%2(1%/)')68%-2-2:)781)287;,-','390(%(:)67)0=%**)'8396*-2%2'-%0'32(-8-326)790873*34)6%8-327'%7, *03;%2(4)67,%6)86%(-2+46-')3*396'31132783'/ (IFH<=F85A9B8985B8F9GH5H987F98=H:57=@=HM BCH9DIF7<5G95;F99A9BHG5B85A9B8985B8F9GH5H98H9FA@C5B5;F99A9BH 7CBH5=B7IGHCA5FMB9;5H=J97CJ9B5BHG5B8CH<9F:=B5B7=5@5B8CD9F5H=B;7CJ9B5BHGH<5H 5ACB;CH<9FH<=B;G P F9GHF=7HCIF56=@=HMHC=B7IF588=H=CB5@=B896H98B9GG P F9GHF=7HCIF56=@=HMHC=B7IF588=H=CB5@@=9BG P F9GHF=7HCIF56=@=HMHCA5?979FH5=B=BJ9GHA9BHG=B7@I8=B;79FH5=B75D=H5@9LD9B8=HIF9G P F9GHF=7HCIF56=@=HMHCA9F;9K=H<5BCH<9F7CAD5BM P F9GHF=7HCIF56=@=HMHCG9@@CF8=GDCG9C:5GG9HG P F9GHF=7HCIF56=@=HMHCA5?98=GHF=6IH=CBGHCA9F=75BGG9HG-FIGH "B7 GGHC7?97HHCG9J9F5@F=G?G =B7@I8=B;  6CFFCK9FGA5M:5=@HCA5?9896HG9FJ=79D5MA9BHGCFD5MH<9DF=B7=D5@K<9B8I9 K<=7<A5MA5?9=HB979GG5FM:CFIG HC:CF97@CG9CIFACFH;5;9GCF9B;5;9=B7CGH@MB9;CH=5H=CBG  H<9J5@I9C:H<9ACFH;5;98DFCD9FHMA5M69@9GGH<5BH<9DF=B7=D5@5ACIBHC:H<9ACFH;5;9BCH9G97IF=B;H<9 DFCD9FHM  =BH9F9GHF5H9GD5M56@9CBH<9ACFH;5;9GA5M69@CK9FH<5BCIF7CGH:CFH<9:IB8GHC57EI=F9H<9G9ACFH;5;9G5B8  H<9ACFH;5;9GA5M69CF697CA9GI6CF8=B5H98HCA97<5B=7GCFA5H9F=5@A9BG@=9BGCFDFCD9FHMH5L@=9BG =B K<=7<75G9K9KCI@8B998HCA5?9D5MA9BHGHCA5=BH5=BH<97IFF9BHGH5HIGC:5DF=CF@=9BCF8=G7<5F;9=H=B=HG 9BH=F9HMHCDFCH97HGI7<ACFH;5;9=BJ9GHA9BH  ":5BMC:H<9G9F=G?GK9F9HC69F95@=N98 H<9HCH5@5ACIBHK9KCI@8F97CJ9F:FCACIFACFH;5;9F979=J56@9GA5M69@9GG H<5BCIFHCH5@=BJ9GHA9BH F9GI@H=B;=B5@CGG5B8CIFACFH;5;9F979=J56@9GA5M69A5H9F=5@@M5B858J9FG9@M5::97H98 (:)67))'3231-'%2(+)3430-8-'%0'32(-8-327%2((-703'%8-327-28,)'6)(-81%6/)87'390(,%:)%1%8)6-%0%(:)67))**)'832 396*-2%2'-%0'32(-8-326)790873*34)6%8-327'%7,*03;%2(4)67,%6)86%(-2+46-')3*396'31132783'/ (IF6IG=B9GGA5M695::97H986MA5F?9H5B897CBCA=77<5@@9B;9G9LD9F=9B7986MH<9. , 97CBCAMCFF95@9GH5H9 =B8IGHFM5G5K97HHC:57HCFGH<5H5::97HH<9 F9H5=@G97HCF;9B9F5@@M 5GK9@@5GH<9A5F?9H:CFF9H5=@GD579 -<9F9H5=@9BJ=FCBA9BH5B8H<9A5F?9H:CFF9H5=@GD579<5J9 DF9J=CIG@M699B 5B87CI@85;5=B69 58J9FG9@M5::97H986MK95?B9GG=BH<9B5H=CB5@ F9;=CB5@5B8@C75@97CBCA=9G =B:@5H=CB  <=;<=BH9F9GHF5H99BJ=FCBA9BHG H<9@9J9@C:7CBGIA9FGD9B8=B;5B87CBGIA9F7CB:=89B79 H<958J9FG9:=B5B7=5@7CB8=H=CBC: GCA9@5F;9F9H5=@=B;7CAD5B=9G H<9CB;C=B;7CBGC@=85H=CB=BH<9F9H5=@G97HCF H<99L79GG5ACIBHC:F9H5=@GD579=B5BIA69FC: A5F?9HG =B7F95G=B;7CAD9H=H=CB:FCA8=G7CIBHF9H5=@9FG CIH@9HA5@@G =BH9FB9HF9H5=@9FG=B7@I8=B;A5NCB 7CA5B8CH<9F CB@=B96IG=B9GG9G5B87CAAIB=756@98=G95G9G "B7F95G9G=B7CBGIA9FGD9B8=B;J=5H<9=BH9FB9HA5MG=;B=:=75BH@M5::97HCIF F9H5=@H9B5BHG56=@=HMHC;9B9F5H9G5@9G=BH<9=FGHCF9G5B87CI@85::97HH<9K5M:IHIF9H9B5BHG@95G9GD579 "B588=H=CB GCA9C:CIF F9H5=@H9B5BHG:5797CAD9H=H=CB:FCAH<99LD5B8=B;A5F?9H:CF8=;=H5@7CBH9BH5B8<5F8K5F9 '9K5B89B<5B798H97CF7CADCB9BHC:6CH<H<9@C75@97CBCA=9G=B!5K5==5B85@=:CFB=5 CIFDFCD9FH=9G=B 5@=:CFB=55B8!5K5==A5M69=AD57H986MH<9@C75@5B8;@C65@HCIF=GA=B8IGHFM -<9G9DFCD9FH=9G5F9GIG79DH=6@9HC5BM :57HCFGH<5H5::97HHF5J9@5B8HCIF=GAF9@5H98HC!5K5==5B85@=:CFB=5 =B7@I8=B;7CGH5B85J5=@56=@=HMC:5=FG9FJ=79G5B8H<9 =AD57HC:5BM9J9BHGH<5H8=GFIDH5=FCFCH<9FHF5J9@HC5B8:FCAH<9G9F9;=CBG &CF9CJ9F H<9G9DFCD9FH=9GA5M695::97H986M F=G?GGI7<5G57HGC:H9FFCF=GA5B8B5HIF5@8=G5GH9FG =B7@I8=B;A5>CF:=F9G :@CC8G5B895FH97HH<9:F5B7<=GCFGC::9F -<99L=GH9B79C:H<=G F=;97HHCH<9:C@@CK=B;F=G?G5GGC7=5H98K=H<GI7<89J9@CDA9BH5B8F989J9@CDA9BH57H=J=H=9G P IBGI779GG:I@89J9@CDA9BHCFF989J9@CDA9BHCDDCFHIB=H=9G7CI@8F9GI@H=B8=F97H9LD9BG9GHCIG P 7CBGHFI7H=CBCFF989J9@CDA9BH7CGHGC:5DFC>97HA5M9L7998CF=;=B5@9GH=A5H9G DCGG=6@MA5?=B;H<9DFC>97H @9GGDFC:=H56@9H<5BCF=;=B5@@M9GH=A5H98 CFIBDFC:=H56@9 P H=A9F9EI=F98HC7CAD@9H9H<97CBGHFI7H=CBCFF989J9@CDA9BHC:5DFC>97HCFHC@95G9IDH<97CAD@9H98DFC>97H A5M69;F95H9FH<5BCF=;=B5@@M5BH=7=D5H98 H<9F96M58J9FG9@M5::97H=B;CIF75G<:@CK5B8@=EI=8=HM P 7CBHF57HCF5B8GI67CBHF57HCF8=GDIH9G GHF=?9G @56CF8=GDIH9GCFGIDD@M8=GFIDH=CBG P :5=@IF9HC57<=9J99LD97H98C77ID5B7M5B8 CFF9BH@9J9@GK=H<=BH<9DFC>97H98H=A9:F5A9 =:5H5@@ P 89@5MGK=H<F9GD97HHCC6H5=B=B;CFH<9=B56=@=HMHCC6H5=BB979GG5FMNCB=B; C77ID5B7M @5B8IG95B8CH<9F ;CJ9FBA9BH5@D9FA=HG 5B87<5B;9G=BNCB=B;5B8@5B8IG9@5KG P C77ID5B7MF5H9G5B8F9BHGC:57CAD@9H98DFC>97HA5MBCH69GI::=7=9BHHCA5?9H<9DFC>97HDFC:=H56@9 P CIF56=@=HMHC8=GDCG9C:DFCD9FH=9G89J9@CD98CFF989J9@CD98K=H<H<9=BH9BHHCG9@@7CI@869=AD57H986MH<9 56=@=HMC:DFCGD97H=J96IM9FGHCC6H5=B:=B5B7=B;;=J9BH<97IFF9BHGH5H9C:H<97F98=HA5F?9HG5B8 P H<95J5=@56=@=HM5B8DF=7=B;C::=B5B7=B;HC:IB8CIF89J9@CDA9BH57H=J=H=9GCB:5JCF56@9H9FAGCF5H5@@  -<9G9F=G?G7CI@8F9GI@H=BGI6GH5BH=5@IB5BH=7=D5H9889@5MGCF9LD9BG9G5B8 IB89F79FH5=B7=F7IAGH5B79G 7CI@8DF9J9BH 7CAD@9H=CBC:89J9@CDA9BHCFF989J9@CDA9BH57H=J=H=9GCB79IB89FH5?9B 5BMC:K<=7<7CI@8<5J95B58J9FG99::97HCBCIF :=B5B7=5@7CB8=H=CB F9GI@HGC:CD9F5H=CBG 75G<:@CK5B8H<9D9FG<5F9HF58=B;DF=79C:CIF7CAACBGHC7?  9679'')77()4)2(732/)=4)67322)0;,37)'328-29)(7)6:-')-7238+9%6%28))(%2(8,)03773*32)36136)3*396/)= 4)67322)0'390(%(:)67)0=%**)'8396%&-0-8=831%2%+)396&97-2)77%2(83-140)1)28396+63;8,786%8)+-)736'390('6)%8) %2)+%8-:)4)6')48-32-28,)'%4-8%01%6/)87 (IF7CBH=BI98GI779GG5B8CIF56=@=HMHCA5B5;95BH=7=D5H98:IHIF9;FCKH<89D9B8 =B@5F;9D5FH IDCBH<99::CFHGC:?9M D9FGCBB9@ D5FH=7I@5F@M&9GGFG +58M 0M@@5B85FHCBKCF=HMC:<=G6IG=B9GGH=A95B85HH9BH=CBHCIG K9 75BBCH577IF5H9@MDF98=7HH<95ACIBHC:H=A95B85HH9BH=CBH<5HK=@@69F9EI=F98C:&F +58MHCD9F:CFAGI7<CB;C=B;8IH=9G -C H<99LH9BHH<5H&F +58M=GF9EI=F98HC898=75H9H=A95B85HH9BH=CBHCA9F=75BGG9HG "B7 5B8 CF"BGIF5B79CAD5BMC:H<9 09GH <=G56=@=HMHC89JCH95A5>CF=HMC:<=G6IG=B9GGH=A95B85HH9BH=CBHCCIF6IG=B9GG5B85::5=FGA5M69@=A=H985B87CI@8 58J9FG9@M5::97HCIFCD9F5H=CBG #)1%=&)79&.)'88332+3-2+36*9896)0-8-+%8-32%2(38,)6;-7)-28,)36(-2%6='3967)3*&97-2)77;,-','390(,%:)% 1%8)6-%0%(:)67))**)'832396*-2%2'-%0'32(-8-326)790873*34)6%8-327'%7,*03;%2(4)67,%6)86%(-2+46-')3*396 '31132783'/ 09A5M69GI6>97HHCCB ;C=B;@=H=;5H=CB5HCIFDFCD9FH=9G5B8CH<9FK=G9=BH<9CF8=B5FM7CIFG9C:6IG=B9GG ,CA9C: H<9G97@5=AGA5MF9GI@H=BG=;B=:=75BH89:9BG97CGHG5B8DCH9BH=5@@MG=;B=:=75BH>I8;A9BHG5;5=BGHIG GCA9C:K<=7<5F9BCH CF 75BBCH69 =BGIF985;5=BGH 09;9B9F5@@M=BH9B8HCJ=;CFCIG@M89:9B8CIFG9@J9GI8;A9BHG CFG9HH@9A9BHG K<=7< =:IB=BGIF98 CF=:H<9:=B9G >I8;A9BHG 5B8 G9HH@9A9BHG9L7998=BGIF98@9J9@G 7CI@858J9FG9@M=AD57HCIF95FB=B;G5B875G<:@CKG H<9F96M<5J=B;5B58J9FG99::97HCBCIF :=B5B7=5@7CB8=H=CB F9GI@HGC:CD9F5H=CBG 75G<:@CK5B8D9FG<5F9HF58=B;DF=79C:CIF7CAACBGHC7? 9FH5=B@=H=;5H=CBCFH<9 F9GC@IH=CBC:79FH5=B@=H=;5H=CBA5M5::97HH<95J5=@56=@=HMCF7CGHC:GCA9C:CIF=BGIF5B797CJ9F5;9 K<=7<7CI@858J9FG9@M =AD57HCIFF9GI@HGC:CD9F5H=CBG5B875G<:@CKG 9LDCG9IGHC=B7F95G98F=G?GH<5HKCI@869IB=BGIF98 5B8 CF58J9FG9@M=AD57H CIF56=@=HMHC5HHF57HC::=79FG5B88=F97HCFG  38)28-%00377)7*631)%68,59%/)7*-6)7*033(73638,)62%896%0(-7%78)671%=238&)*900='3:)6)(&=-2796%2') &5BMC:H<9DFCD9FH=9GK97IFF9BH@MCKB5F9@C75H98=B5F95G9GD97=5@@MGI6>97HHC95FH97HHC@=A=H5H=CBG=BJC@J=B; @5F;9898I7H=6@9GCF7C D5MA9BHG "B588=H=CB K9A5MF98I79CF8=G7CBH=BI979FH5=B=BGIF5B79DC@=7=9GCBGCA9CF5@@C:CIF DFCD9FH=9G=BH<9:IHIF9=:H<97CGHC:DF9A=IAG:CF5BMGI7<DC@=7=9G9L7998G =BCIF>I8;A9BH H<9J5@I9C:H<97CJ9F5;9 8=G7CIBH98:CFH<9F=G?C:@CGG G5F9GI@H =BH<99J9BHC:5B5HIF5@8=G5GH9F K9A5M69F9EI=F98HC=B7IFG=;B=:=75BH7CGHG 5B8  HCH<99LH9BHH<5H5@CGG9L7998GDC@=7M@=A=HG K97CI@8@CG9H<975D=H5@=BJ9GH98=BH<985A5;98DFCD9FH=9G5GK9@@5GH<9 5BH=7=D5H98:IHIF975G<:@CKG:FCAH97HHCF97CIFG9=B896H98B9GG  K9KCI@87CBH=BI9HC69@=56@9:CFH<9=B896H98B9GG 9J9B=:H<9G9DFCD9FH=9GK9F9=FF9D5F56@M85A5;98  #)1%=&)%(:)67)0=%**)'8)(&=0%;76)+90%8-3273638,)6-779)76)0%8)(83'0-1%8)',%2+) 09A5M697CA9GI6>97HHC@5KGCFF9;I@5H=CBGF9@5H98HC7@=A5H97<5B;9 K<=7<7CI@875IG9CIF6IG=B9GG F9GI@HGC: CD9F5H=CBG5B8:=B5B7=5@7CB8=H=CBHC69=AD57H9858J9FG9@M -<9:989F5@;CJ9FBA9BH<5G9B57H98 5B8GCA9C:H<9GH5H9G5B8 @C75@=H=9G=BK<=7<K9CD9F5H9A5M9B57H 79FH5=B7@=A5H97<5B;9@5KG5B8F9;I@5H=CBGCF<5J969;IBF9;I@5H=B;75F6CB :CCHDF=BHG5B8;F99BC=BHJ9BHIF9GCFCH<9F9BH=H=9G 57EI=F=B; BCB 7CBHFC@@=B;=BH9F9GHG=BCFG<5F=B;F9GDCBG=6=@=HM:CFA5B5;=B;H<95::5=FGC:5DFCD9FHM D5FHB9FG<=D >C=BHJ9BHIF9CFCH<9F 9BH=HM CBG9EI9BH@M K=H<F9GD97HHC5BMGI7<5FF5B;9A9BHK9A5M9BH9F=BHC=BH<9:IHIF9 K9KCI@8BCH69=B5DCG=H=CBHC 9L9F7=G9GC@9897=G=CB A5?=B;5IHC=BHJ9BHIF9CFCH<9F9BH=HM "BJ9GHA9BHG=B D5FHB9FG<=DG >C=BHJ9BHIF9GCFCH<9F9BH=H=9GA5M IB89F79FH5=B7=F7IAGH5B79G =BJC@J9F=G?GBCHDF9G9BHK9F95H<=F8 D5FHMBCH =BJC@J98 =B7@I8=B;H<9DCGG=6=@=HMH<5HD5FHB9FGCF7C J9BHIF9FGA=;97H=J9G 5B8H<9MA5M <5J97CAD9H=B;=BH9F9GHG=BCIFA5F?9HGH<5H7CI@87F95H97CB:@=7HC:=BH9F9GH=GGI9G ,I7<=BJ9GHA9BHGA5M5@GC<5J9H<9 DCH9BH=5@F=G?C:=AD5GG9GCB897=G=CBG GI7<5G5G5@9 6975IG9B9=H<9FK9BCFH<9D5FHB9FCF7C J9BHIF9FKCI@8<5J9:I@@7CBHFC@ CJ9FH<9D5FHB9FG<=DCF>C=BHJ9BHIF9 "B588=H=CB 5G5@9CFHF5BG:9F6MIGHC5H<=F8 D5FHMC:CIF=BH9F9GHG=BH<9>C=BHJ9BHIF9A5M 69GI6>97HHC7CBG9BHF=;C=BHJ9BHIF9D5FHB9FG K<=7<KCI@8=B957<75G9F9GHF=7HCIF 56=@=HMHC8=GDCG9C:CIF=BH9F9GH=BH<9>C=BHJ9BHIF9 0<9F9K95F95@=A=H98D5FHB9FCFBCB A5B5;=B;A9A69F=B5BM D5FHB9FG<=DCF@=A=H98@=56=@=HM7CAD5BM =:GI7<9BH=HMH5?9GCF9LD97HGHCH5?957H=CBGH<5H7CI@8>9CD5F8=N9CIFGH5HIG5G5+"- CFF9EI=F9IGHCD5MH5L K9A5M69:CF798HC8=GDCG9C:CIF=BH9F9GH=BGI7<9BH=HM =GDIH9G69HK99BIG5B8D5FHB9FGCF7C J9BHIF9FGA5MF9GI@H=B@=H=;5H=CBCF5F6=HF5H=CBH<5HKCI@8=B7F95G9CIF9LD9BG9G5B8DF9J9BHCIFC::=79FG5B8 CF8=F97HCFG:FCA :C7IG=B;H<9=FH=A95B89::CFHCBCIF6IG=B9GG CBG9EI9BH@M 57H=CBG6MCF8=GDIH9GK=H<D5FHB9FGCF7C J9BHIF9FGA=;97H=B;DFCD9FH=9GCKB986MH<9D5FHB9FG<=DCF>C=BHJ9BHIF9HC588=H=CB5@F=G? "B588=H=CB K9A5M=B79FH5=B7=F7IAGH5B79G 69@=56@9:CFH<957H=CBGC:CIFH<=F8 D5FHMD5FHB9FGCF7C J9BHIF9FG (IF>C=BHJ9BHIF9GA5M69GI6>97HHC896H5B8 =BH<97IFF9BH JC@5H=@97F98=HA5F?9H H<9F9:=B5B7=B;C:GI7<896HA5MF9EI=F99EI=HM75D=H5@75@@G 2'6)%7)('314)8-8-32%2(-2'6)%7)(%**36(%&-0-8=3*6)7-()28-%0,31)7'390(0-1-8396%&-0-8=836)8%-23966)7-()2870)%7) %4%681)28,31)736-2'6)%7)361%-28%-26)287%83961908-*%1-0=%4%681)28'31192-8-)7 (IFAI@H=:5A=@M5D5FHA9BH7CAAIB=H=9G7CAD9H9K=H<BIA9FCIG97HHC:989F5@7CFDCF5H9=B7CA9H5LHCH<99LH9BHH<5HK98=GHF=6IH9@9GGH<5B C:CIF+"-H5L56@9=B7CA9 =B7@I8=B;5BMB9H75D=H5@;5=BG 975IG9C:H<9G98=GHF=6IH=CBF9EI=F9A9BHG K9A5MBCH69 56@9HC:IB8:IHIF975D=H5@B998G =B7@I8=B;5BMB979GG5FM57EI=G=H=CB:=B5B7=B; :FCACD9F5H=B;75G<:@CK CBG9EI9BH@M K9 =BH9B8HCF9@MCBH<=F8 D5FHMGCIF79GHC:IB8CIF75D=H5@B998G 09A5MBCH6956@9HCC6H5=BGI7<:=B5B7=B;CB:5JCF56@9H9FAG CF5H5@@5B85BM588=H=CB5@896HK9=B7IFK=@@=B7F95G9CIF@9J9F5;95B8@=?9@=97HHCJ5F=CIG:989F5@ GH5H95B8@C75@ @5KG F9;I@5H=CBG5B8=B8IGHFMGH5B85F8G -<9F9;I@5HCFM9BJ=FCBA9BHGIFFCIB8=B;=B:CFA5H=CBG97IF=HM5B8DF=J57M=G =B7F95G=B;@M89A5B8=B; K=H<:F9EI9BH=ADCG=H=CBC:B9K5B87<5B;=B;F9EI=F9A9BHGH<5H5F9GI6>97HHC8=::9F=B; =BH9FDF9H5H=CBG "BH<9.B=H98,H5H9G H<9F95F9BIA9FCIG:989F5@5B8GH5H985H5DF=J57M5B8G97IF=HM@5KG FI@9G5B8F9;I@5H=CBG ;CJ9FB=B;H<97C@@97H=CB IG9 GHCF5;9 G<5F=B; HF5BGA=GG=CB5B8CH<9FDFC79GG=B;C:D9FGCB5@=B:CFA5H=CB =B7@I8=B;:989F5@5B8 GH5H985H5DF=J57M@5KG 85H56F957<BCH=:=75H=CB@5KG5B87CBGIA9FDFCH97H=CB@5KG BM:5=@IF9CFD9F79=J98:5=@IF96MIGHC 7CAD@MK=H<@5KG F9;I@5H=CBG DC@=7=9GCFF9;I@5HCFM;I=85B79F9@5H=B;HCDF=J57MCF85H5G97IF=HMA5MF9GI@H=B;CJ9FBA9BH5@ =BJ9GH=;5H=CBG5B89B:CF79A9BH57H=CBG @=H=;5H=CB :=B9G5B8D9B5@H=9GCF58J9FG9DI6@=7=HM 5B87CI@875IG9CIF7IGHCA9FG5B8 7CBGIA9FGHC@CG9HFIGH=BIG K<=7<7CI@8<5J95B58J9FG99::97HCBCIFF9DIH5H=CB5B86IG=B9GG  ':D97H=J9G6MG5@9 CH<9F8=GDCG=H=CBCF F9:=B5B7=B;5H5HHF57H=J9DF=79GK=H<=B5BM;=J9BD9F=C8C:H=A9CFA5MCH<9FK=G969IB56@9HC7CAD@9H95BM9L=HGHF5H9;M "B D5FH=7I@5F CIF56=@=HMHC8=GDCG9C:CB9CFACF9DFCD9FH=9GK=H<=B5GD97=:=7H=A9D9F=C8=GGI6>97HHCK95?B9GG=BCF9J9BH<9 @57?C:5B9GH56@=G<98A5F?9H:CF5DFCD9FHM 7<5B;9G=BH<9:=B5B7=5@7CB8=H=CBCFDFCGD97HGC:DFCGD97H=J9DIF7<5G9FG 7<5B;9G =BB5H=CB5@CF=BH9FB5H=CB5@97CBCA=77CB8=H=CBG GI7<5GH<9F979BH97CBCA=78CKBHIFB 5B87<5B;9G=B@5KG F9;I@5H=CBGCF :=G75@DC@=7=9GC:>IF=G8=7H=CBG=BK<=7<H<9DFCD9FHM=G@C75H98  "B588=H=CB H<9C89=ADCG9GF9GHF=7H=CBGCB5+"-G56=@=HMHC8=GDCG9C:DFCD9FH=9GH<5H5F9BCH5DD@=756@9HCCH<9FHMD9G C:F95@9GH5H97CAD5B=9G "BD5FH=7I@5F H<9H5L@5KG5DD@=756@9HC+"-G9::97H=J9@MF9EI=F9H<5HK9C=BH5B8 G9J9F5@ -<9G9@=56=@=H=9G7CI@869GI6GH5BH=5@5B8H<97CGHC:5BMF9EI=F98F9A98=5H=CB F9ACJ5@ :=B9GCFCH<9F7CGHG7CI@8 9L7998H<9J5@I9C:H<9DFCD9FHM5B8 CFCIF5;;F9;5H95GG9HG "B588=H=CB H<9DF9G9B79C:7CBH5A=B5H=CBCFH<9:5=@IF9HC F9A98=5H97CBH5A=B5H=CB5HCIFDFCD9FH=9GA5M9LDCG9IGHCH<=F8 D5FHM@=56=@=HM:CF7CGHGC:F9A98=5H=CB5B8 CFD9FGCB5@CF DFCD9FHM85A5;9CFA5H9F=5@@M58J9FG9@M5::97HCIF56=@=HMHCG9@@ @95G9CF89J9@CDCIFDFCD9FH=9GCFHC6CFFCKIG=B;H<9 DFCD9FH=9G5G7C@@5H9F5@ "B588=H=CB 9BJ=FCBA9BH5@@5KGA5M7F95H9@=9BGCB7CBH5A=B5H98G=H9G=B:5JCFC:H<9;CJ9FBA9BH:CF 85A5;9G5B87CGHG=H=B7IFGHC588F9GGGI7<7CBH5A=B5H=CB &CF9CJ9F =:7CBH5A=B5H=CB=G8=G7CJ9F98CBCIFDFCD9FH=9G  9BJ=FCBA9BH5@@5KGA5M=ADCG9F9GHF=7H=CBGCBH<9A5BB9F=BK<=7<DFCD9FHMA5M69IG98CF6IG=B9GG9GA5M69CD9F5H98 5B8 H<9G9F9GHF=7H=CBGA5MF9EI=F9GI6GH5BH=5@9LD9B8=HIF9G  ,CA9C:CIFDFCD9FH=9G<5J9699BCFA5M69=AD57H986M7CBH5A=B5H=CB5F=G=B;:FCA7IFF9BHCFDF=CFIG9GC:H<9DFCD9FHM  CF58>579BHDFCD9FH=9G :CF7CAA9F7=5@CF=B8IGHF=5@DIFDCG9G ,I7<7CBH5A=B5H=CBA5M5F=G9:FCAGD=@@GC:D9HFC@9IACF <5N5F8CIGGI6GH5B79GCFF9@95G9G:FCAH5B?GIG98HCGHCF9GI7<A5H9F=5@G CF9L5AD@9 9@&CBH99BH9F=G7IFF9BH@M IB89F;C=B;H<9:=B5@GH5;9GC:F9A98=5H=CBC:8FM7@95B=B;GC@J9BH7CBH5A=B5H=CB:FCA5:CFA9FCBG=H98FM7@95B9F K<=7< 9BH5=@GH<9@CB;H9FA;FCIB8ACB=HCF=B;6MH<95DDFCDF=5H9F9;I@5HCFM5;9B7MCJ9FH<9B9LH:=J9HCG9J9BM95FG -<9DF=CF CKB9FC:9@&CBH99BH9F9BH9F98=BHC5:=L98:999BJ=FCBA9BH5@G9FJ=79G5;F99A9BH=BDIFGI5BHHCK<=7<H<9 F9A98=5H=CBK=@@697CAD@9H98:CF5DDFCL=A5H9@M A=@@=CB K=H<H<9F9A98=5H=CB7CGHGD5=8:CFH97HHCF9;I@5H=CB ,I7<9BJ=FCBA9BH5@5B8<95@H<5B8G5:9HM@5KG5B8F9;I@5H=CBG7CI@8GI6>97HIGCFCIFH9B5BHGHC@=56=@=HM F9GI@H=B;:FCAH<9G957H=J=H=9G BJ=FCBA9BH5@@=56=@=H=9G7CI@85::97H5H9B5BHG56=@=HMHCA5?9F9BH5@D5MA9BHGHCIG 5B8 7<5B;9G=B@5KG7CI@8=B7F95G9H<9DCH9BH=5@@=56=@=HM:CFBCB7CAD@=5B79 -<=GA5MF9GI@H=BG=;B=:=75BHIB5BH=7=D5H98 9LD9B8=HIF9GCFA5MCH<9FK=G9A5H9F=5@@M5B858J9FG9@M5::97HCIFCD9F5H=CBG CFHIFM=G5@@9;98HC <5J9C77IFF98  #)1%=-2'967-+2-*-'%28'3787'3140=-2+;-8,:%6-397*)()6%078%8)%2(03'%00%;76)+90%8-327%2('3:)2%2878,%8%6) %440-'%&0)833964634)68-)7 -<9DFCD9FH=9G=BCIFDCFH:C@=C5F9GI6>97HHCJ5F=CIG7CJ9B5BHG5B8:989F5@ GH5H95B8@C75@@5KG5B8F9;I@5HCFM F9EI=F9A9BHG =B7@I8=B;D9FA=HH=B;5B8@=79BG=B;F9EI=F9A9BHG %C75@F9;I@5H=CBG =B7@I8=B;AIB=7=D5@CF@C75@CF8=B5B79G  NCB=B;F9GHF=7H=CBG5B8F9GHF=7H=J97CJ9B5BHG=ADCG986M7CAAIB=HM89J9@CD9FGA5MF9GHF=7HCIFIG9C:CIFDFCD9FH=9G5B8A5M F9EI=F9IGHCC6H5=B5DDFCJ5@:FCA@C75@C::=7=5@GCFF9GHF=7HCIFIG9C:CIFDFCD9FH=9G5B8A5MF9EI=F9IGHCC6H5=B5DDFCJ5@:FCA @C75@C::=7=5@GC:7CAAIB=HMGH5B85F8GCF;5B=N5H=CBG5H5BMH=A9K=H<F9GD97HHCCIFDFCD9FH=9G =B7@I8=B;DF=CFHC57EI=F=B;5 DFCD9FHMCFK<9BIB89FH5?=B;F9BCJ5H=CBGC:5BMC:CIF9L=GH=B;DFCD9FH=9G ACB;CH<9FH<=B;G H<9G9F9GHF=7H=CBGA5MF9@5H9HC :=F95B8G5:9HM G9=GA=7CF<5N5F8CIGA5H9F=5@565H9A9BHF9EI=F9A9BHG -<9F975B69BC5GGIF5B79H<5H9L=GH=B;@5KG5B8 F9;I@5HCFMDC@=7=9GK=@@BCH58J9FG9@M5::97HIGCFH<9H=A=B;CF7CGHC:5BM:IHIF957EI=G=H=CBGCFF9BCJ5H=CBG CFH<5H588=H=CB5@ F9;I@5H=CBGK=@@BCH6958CDH98H<5H=B7F95G9GI7<89@5MGCFF9GI@H=B588=H=CB5@7CGHG (IF;FCKH<GHF5H9;MA5M695::97H986M CIF56=@=HMHCC6H5=BD9FA=HG @=79BG9G5B8NCB=B;F9@=9: (IF:5=@IF9HCC6H5=BGI7<D9FA=HG @=79BG9G5B8NCB=B;F9@=9:CFHC 7CAD@MK=H<5DD@=756@9@5KG7CI@8<5J95B58J9FG99::97HCBCIF:=B5B7=5@7CB8=H=CB F9GI@HGC:CD9F5H=CBG 75G<:@CK5B8D9F G<5F9HF58=B;DF=79C:CIF7CAACBGHC7?  "B588=H=CB :989F5@5B8GH5H9@5KG5B8F9;I@5H=CBG =B7@I8=B;@5KGGI7<5GH<95B8H<9! =ADCG9:IFH<9F F9GHF=7H=CBGCBCIFDFCD9FH=9G5B8CD9F5H=CBG .B89FH<95B8H<9! 5@@DI6@=7577CAAC85H=CBGAIGHA99H:989F5@ F9EI=F9A9BHGF9@5H98HC5779GG5B8IG96M8=G56@98D9FGCBG ,CA9C:CIFDFCD9FH=9GA5M7IFF9BH@M69=BBCB 7CAD@=5B79K=H< H<9CFH<9! ":CB9CFACF9C:H<9DFCD9FH=9G=BCIFDCFH:C@=C=GBCH=B7CAD@=5B79K=H<H<9 H<9!CF5BM CH<9FF9;I@5HCFMF9EI=F9A9BHG K9A5M69F9EI=F98HC=B7IF588=H=CB5@7CGHGHC6F=B;H<9DFCD9FHM=BHC7CAD@=5B795B8K9A=;97HHC79FH5=B9L79DH=CBG  5IH97HHCJ5F=CIG7CB8=H=CBG5B8 @=A=H5H=CBG -<9F9GHF=7H=CBGCBCKB9FG<=D5B8HF5BG:9FC:CIFGHC7?A5M58=G7CIF5;95H9B89FC::9FCFCH<9FHF5BG57H=CBGCF5 7<5B;9=BA5B5;9A9BHCFC:7CBHFC@H<5HA=;)(7,%6)73*783'/'0%77-*=%2(6)'0%77-*=92-779)(783'/%2(-779)783'/;-8,398 783'/,30()6%4463:%0 (IF6C5F8C:8=F97HCFG K=H97HHC@=A=H5H=CBG DFC<=6=H79FH5=B6IG=B9GG7CA6=B5H=CBG 69HK99BIG5B85BU=BH9F9GH98GHC7?CF=HM5B8GHC7?97HHCGI7<6IG=B9GG7CA6=B5H=CBDFCJ=G=CBGC:H<9& %=BH<9:IHIF9  9FH5=BDFCJ=G=CBGC:H<9& %D9FA=HCIF6C5F8C:8=F97HCFG K=H97HHC79FH5=B DFCJ=G=CBGH<9& %F9@5H=B;HCH<9:=@@=B;C:J575B7=9GCBCIF6C5F8C:8=F97HCFG  )68%-2463:-7-327-28,)4%682)67,-4%+6))1)283*3964)6%8-2+%682)67,-41%=()0%=3646):)2892730-'-8)(%'59-7-8-327 3*97 )FCJ=G=CBG=BH<9D5FHB9FG<=D5;F99A9BHC:CIF(D9F5H=B;)5FHB9FG<=DA5M89@5M CFA5?9ACF98=::=7I@H IBGC@=7=H98 57EI=G=H=CBGC:IGCF7<5B;9GC:CIF7CBHFC@ -<9G9DFCJ=G=CBG7CI@88=G7CIF5;9H<=F8D5FH=9G:FCAA5?=B;DFCDCG5@G=BJC@J=B; 5BIBGC@=7=H9857EI=G=H=CBC:IGCF7<5B;9C:CIF7CBHFC@ 5@HI8;A9BH65G98IDCB5:=B8=B;C:57H=J95B889@=69F5H98=GI8=75H98   G5F9GI@H K95B8CIFGHC7?97HHCH<9JC@IA9 @=A=H5H=CBGC:+I@9C:H<9,97IF=H=9G7H G5@9C:D@98;98GHC7?CFIB=HG6MD@98;99G7CI@8F9GI@H=B5@CGGC:7CBHFC@C:CIF 7CAD5BM 89D9B8=B;IDCBH<9BIA69FC:G<5F9GC:GHC7?CFIB=HGGC@85B8H<9CKB9FG<=D=BH9F9GHGC:CH<9FGHC7?97HHCH<9F9;I@5F. , :989F5@7CFDCF5H9=B7CA9H5LF5H95B8 K97CI@869GI6>97HHCH<9:989F5@5@H9FB5H=J9A=B=AIAH5L:CFH5L56@9M95FGDF=CFHC P K95@GC7CI@869GI6>97HHC=B7F95G98GH5H95B8@C75@H5L9G5B8 P IB@9GGK95F99BH=H@98HCF9@=9:IB89F5DD@=756@9GH5HIHCFMDFCJ=G=CBG K97CI@8BCH9@97HHC69H5L985G5+"- :CF:CIFH5L56@9M95FG:C@@CK=B;H<9M95F8IF=B;K<=7<K9K9F98=GEI5@=:=98  BMGI7<7CFDCF5H9H5L@=56=@=HM7CI@869GI6GH5BH=5@5B8KCI@8F98I79CIF75G<5J5=@56@9:CF 5ACB;CH<9FH<=B;G CIF CD9F5H=CBG5B88=GHF=6IH=CBGHCA9F=75BGG9HG-FIGH "B7 GGHC7?I8=7=5@5B858A=B=GHF5H=J9=BH9FDF9H5H=CBG -<97CAD@9L=HMC:H<9G9DFCJ=G=CBG5B8C:H<95DD@=756@9-F95GIFM F9;I@5H=CBGH<5H<5J9699BDFCAI@;5H98IB89FH<9C89 CFH<9-F95GIFM+9;I@5H=CBG =G;F95H9F=BH<975G9C:5+"-H<5H @=?9 IG 97HHCGCA9:989F5@ GH5H9 5B8@C75@=B7CA9 DFCD9FHM5B89L7=G9H5L9GCBCIF=B7CA9CFDFCD9FHM5B8 =B79FH5=B75G9G 5D9B5@HMH5L =BH<99J9BHK9 G9@@DFCD9FHM5G5895@9F "B588=H=CB CIFH5L56@9+"-GI6G=8=5F=9GK=@@69GI6>97HHCH5L5GF9;I@5F7CFDCF5H=CBG=BH<9 >IF=G8=7H=CBGH<9MCD9F5H9  *3964)6%8-2+%682)67,-4*%-0)(8359%0-*=%7%4%682)67,-4*36*)()6%0-2'31)8%<496437)7;);390(')%7)8359%0-*=%7 % %2(79**)638,)6%(:)67)'327)59)2')7 0969@=9J9H<5HCIF(D9F5H=B;)5FHB9FG<=D=GHF95H985G5D5FHB9FG<=D:CF:989F5@=B7CA9H5LDIFDCG9G G5D5FHB9FG<=D  CIF(D9F5H=B;)5FHB9FG<=D=GBCHGI6>97HHC:989F5@=B7CA9H5LCB=HG=B7CA9 "BGH958 957<C:=HGD5FHB9FG =B7@I8=B;IG =G 5@@C75H98 5B8A5M69F9EI=F98HCD5MH5LK=H<F9GD97HHC =HGG<5F9C:CIF(D9F5H=B;)5FHB9FG<=DG=B7CA9 0975BBCH69 5GGIF98 97HHC:989F5@5B8GH5H97CFDCF5H9=B7CA9 H5L K<=7<KCI@8F98I79G=;B=:=75BH@MH<95ACIBHC:75G<5J5=@56@9:CF896HG9FJ=795B8:CF8=GHF=6IH=CBHC=HGD5FHB9FG =B7@I8=B; IG   ,)%77)88)787%440-'%&0)83 70-1-8396%&-0-8=833;28%<%&0) 79&7-(-%6-)7%2(;);-00&)6)59-6)(834%=%  4)2%08=8%<32')68%-2-2'31)36()(9'8-327-*39686%27%'8-327;-8,3968%<%&0) 79&7-(-%6-)7%6)238'32(9'8)(32 %6170)2+8,8)617 09CKB5B=BH9F9GH=BCB9H5L56@9+"-GI6G=8=5FM5B8A5M57EI=F9G97IF=H=9G=B588=H=CB5@H5L56@9+"-GI6G=8=5F=9G=B H<9:IHIF9 H5L56@9+"-GI6G=8=5FM=G57CFDCF5H=CBCH<9FH<5B5+"-=BK<=7<5+"-8=F97H@MCF=B8=F97H@MC=BH9@97H=CBK=H<GI7<+"-HC69HF95H985G5H5L56@9+"-GI6G=8=5FM ":5H5L56@9+"-GI6G=8=5FMCKBG ACF9H<5BC:H<9HCH5@JCH=B;DCK9FCFJ5@I9C:H<9CIHGH5B8=B;G97IF=H=9GC:5BCH<9F7CFDCF5H=CB GI7<CH<9F7CFDCF5H=CB K=@@5@GC69HF95H985G5H5L56@9+"-GI6G=8=5FM (H<9FH<5BGCA957H=J=H=9GF9@5H=B;HC@C8;=B;5B8<95@H<75F9:57=@=H=9G 5 H5L56@9+"-GI6G=8=5FMA5M;9B9F5@@M9B;5;9=B5BM6IG=B9GG =B7@I8=B;H<9DFCJ=G=CBC:7IGHCA5FMCFBCB 7IGHCA5FMG9FJ=79G HCH9B5BHGC:=HGD5F9BH+"- H5L56@9+"-GI6G=8=5FM=GGI6>97HHC:989F5@=B7CA9H5L5G5F9;I@5F7CFDCF5H=CB "B588=H=CB  59L7=G9H5LK=@@69=ADCG98CB79FH5=BHF5BG57H=CBG69HK99B5H5L56@9+"-GI6G=8=5FM5B8=HGD5F9BH+"-H<5H5F9BCH 7CB8I7H98CB5B5FAG@9B;H<65G=G  'CHACF9H<5BC:H<9J5@I9C:5+"-WGHCH5@5GG9HGA5M69F9DF9G9BH986MH<9G97IF=H=9GC:CB9CFACF9H5L56@9 +"-GI6G=8=5F=9G +"-GCKB9FG<=DC:G97IF=H=9GC:5H5L56@9+"-GI6G=8=5FM=GBCHGI6>97HHCH<9CF5GG9HH9GHG 5DD@=756@9HC+"-G 'CHACF9H<5BC:5+"-GHCH5@5GG9HGA5M69F9DF9G9BH986MG97IF=H=9G=B7@I8=B;G97IF=H=9GC:CB9CF ACF9H5L56@9+"-GI6G=8=5F=9G CH<9FH<5BH97HHCF9;I@5F. , :989F5@7CFDCF5H9=B7CA9H5L9GHCH<99LH9BHH<5H K98=GHF=6IH9@9GGH<5BC:CIFB9HH5L56@9=B7CA9957<M95F =B7@I8=B;B9H75D=H5@;5=BG "B588=H=CB K9K=@@69GI6>97HHC 5BCB898I7H=6@99L7=G9H5LCBH<95ACIBH =:5BM 6MK<=7<8=GHF=6IH=CBGD5=86MIG=B5BM75@9B85FM95F5F9@9GGH<5BH<9 GIAC:C:CIFCF8=B5FM=B7CA9 C:CIF75D=H5@;5=BB9H=B7CA95B8C:CIFIB8=GHF=6IH98=B7CA9:FCADF=CF M95FG "BCF89FHCA5=BH5=BCIF+"-GH5HIG5B85JC=8H<9D5MA9BHC:=B7CA95B89L7=G9H5L9G K9A5MB998HC6CFFCK9J9B=: H<9H<9B DF9J5=@=B;A5F?9H7CB8=H=CBG5F9BCH:5JCF56@9:CFH<9G96CFFCK=B;G -<9G96CFFCK=B;B998G7CI@8F9GI@H:FCA 5ACB; CH<9FH<=B;G 8=::9F9B79G=BH=A=B;69HK99BH<957HI5@F979=DHC:75G<5B8=B7@IG=CBC:=B7CA9:CF:989F5@=B7CA9H5LDIFDCG9G  CFH<99::97HC:BCB 898I7H=6@975D=H5@9LD9B8=HIF9G H<97F95H=CBC:F9G9FJ9GCFF9EI=F98896HCF5ACFH=N5H=CBD5MA9BHG -<9G9 GCIF79G 97HHC5D9B5@HMH5L "B;9B9F5@ DFC<=6=H98HF5BG57H=CBG5F9 G5@9GCFCH<9F8=GDCG=H=CBGC:DFCD9FHM CH<9FH<5B:CF97@CGIF9DFCD9FHM <9@8DF=A5F=@M:CFG5@9HC7IGHCA9FG=BH<9CF8=B5FM 7CIFG9C:6IG=B9GG @H97HHC5H5LCB5BMF9GI@H=B;;5=B=:GI7< G5@9G7CBGH=HIH9DFC<=6=H98HF5BG57H=CBG  )+-70%8-:)3638,)6%'8-327%**)'8-2+ 7'390(,%:)%2)+%8-:))**)'832396-2:)783673697-2'09(-2+396%&-0-8=83 1%-28%-239659%0-*-'%8-32%7% 368,)*)()6%0-2'31)8%<'327)59)2')73*79',59%0-*-'%8-32 -<9FI@9G895@=B;K=H<:989F5@=B7CA9H5L5H=CB5F97CBGH5BH@MIB89FF9J=9K6MD9FGCBG=BJC@J98=BH<9@9;=G@5H=J9DFC79GG 5B86MH<9"+,5B8H<9. , 9D5FHA9BHC:H<9-F95GIFM <5B;9GHCH<9H5L@5KG K=H<CFK=H97HG =G<=;<@MIBDF98=7H56@9 G5F9GI@H K9A5MBCH6956@9HC5JC=85BCH<9FD5B89A=7WG58J9FG9 =AD57HGCBCIF6IG=B9GG :=B5B7=5@7CB8=H=CB F9GI@HGC:CD9F5H=CBG 75G<:@CKG @=EI=8=HM5B856=@=HMHCG5H=G:MCIF896HG9FJ=79 C6@=;5H=CBG5B8HCD5M8=J=89B8G5B88=GHF=6IH=CBGHCG97IF=HMC6@CGG9G=BH<9=B8IGHF=9GC:CIFH9B5BHG K<=7<A5M897F95G989A5B8:CFCIFC::=795B8F9H5=@GD579  75IG=B;A5F?9HF9BH5@F5H9G5B8DFCD9FHMJ5@I9GHC69B9;5H=J9@M=AD57H98 P =B7F95G98KCF?=B;:FCA97HG F9B9K@95G9GCFF9 @95G95J5=@56@9GD579=BCIFDFCDF=9H=9GCB :5JCF56@9H9FAGCF5H5@@ =B7@I8=B;5G5F9GI@HC:5;9B9F5@897F95G9=B89A5B8:CFCIFC::=795B8F9H5=@GD5795B8 C77ID5B7M=BCIF6?E2?5(EC2E68J 09<5J989J9@CD985B8=AD@9A9BH9857M69FG97IF=HMF=G?A5B5;9A9BHDFC;F5A=BH9B898HCDFCH97HH<9G97IF=HM  7CB:=89BH=5@=HM =BH9;F=HM 5B85J5=@56=@=HMC:CIF7F=H=75@GMGH9AG5B8=B:CFA5H=CB (IF7M69FG97IF=HMF=G?A5B5;9A9BHDFC;F5A =B7@I89G57M69FG97IF=HM=B7=89BHF9GDCBG9D@5B  (IF7M69FG97IF=HMF=G?A5B5;9A9BHDFC;F5A=G=BH9;F5H98=BHCCIFCJ9F5@@9BH9FDF=G9F=G?A5B5;9A9BHDFC;F5A 5B8 G<5F9G7CAACBA9H 05=?=?=957<05@?TA65GGM,I=H9G-& !CBC@I@I !"              "F=E:72>:=J%@CE7@=:@ %C@A6CEJ !@42E:@? .62CF:=E '6?@G2E65 *?:ED %6C46?E286 !62D65 ??F2=:K65 2D6'6?E G6C286"@?E9=J 2D6'6?EA6C !62D65*?:E %CA5)5@=G589G ,5B=9;C               "AD9F=5@957< 5F89BG "AD9F=5@957<               &5F=B9FWG)C=BH "AD9F=5@957<              ,5BH59)5F?+/+9GCFH ,5B=9;C               )57=:=7+=8;9D5FHA9BHG ,5B=9;C              !5GG5@CCB=;:=J             BBI5@=N9865G9F9BH=G75@7I@5H986MAI@H=D@M=B;65G9F9BH5@D5MA9BHG89:=B985G75G<65G9F9BHG69:CF9565H9A9BHGIB89F7CAA9B798@95G9G:CFH<9 ACBH<9B898979A69F 6M "BH<975G9C:HF=D@9B9HCFAC8=:=98;FCGG@95G9G 5BBI5@=N9865G9F9BH8C9GBCH=B7@I89H9B5BHF9=A6IFG9A9BHG:CF F95@9GH5H9H5L9G =BGIF5B79 7CAACB5F95CFCH<9FCD9F5H=B;9LD9BG9G -<9:CF9;C=B;BCHK=HIGH98:CFH<=GDF9G9BH5H=CBHCF9:@97HH<5HH<97CBHF57HI5@HF=D@9B9H@95G9GK9F9=BGH958 GHFI7HIF985GAC8=:=98;FCGG@95G9G 6M588=B;H<97CBHF57HI5@5BBI5@=N98HF=D@9B9H65G9F9BHC:  HCCIF9GH=A5H9C:5BBI5@HF=D@9B9H CD9F5H=B;9LD9BG9GC:  :CF5B9GH=A5H985BBI5@=N9865G9F9BHCB5AC8=:=98;FCGG@95G965G=GC:  :CF%5#C@@5CAACBG 6 -<95BBI5@=N9865G9F9BH:CF7F9G<5G699B58>IGH98:CFH<=GDF9G9BH5H=CBHCF9:@97HH<5HH<97CBHF57HI5@HF=D@9B9H@95G9GK9F9=BGH958GHFI7HIF985G AC8=:=98;FCGG@95G9G 6M588=B;H<97CBHF57HI5@5BBI5@=N98HF=D@9B9H65G9F9BHC:  HCCIF9GH=A5H9C:5BBI5@HF=D@9B9HCD9F5H=B;9LD9BG9G C:  :CF5B9GH=A5H985BBI5@=N9865G9F9BHCB5AC8=:=98;FCGG@95G965G=GC:  :CF7F9G 7 -<95BBI5@=N9865G9F9BH:CF-=A69F+=8;9<5G699B58>IGH98:CFH<=GDF9G9BH5H=CBHCF9:@97HH<5HH<97CBHF57HI5@HF=D@9B9H@95G9GK9F9=BGH958 GHFI7HIF985GAC8=:=98;FCGG@95G9G 6M588=B;H<97CBHF57HI5@5BBI5@=N98HF=D@9B9H65G9F9BHC:  HCCIF9GH=A5H9C:5BBI5@HF=D@9B9H CD9F5H=B;9LD9BG9GC:  :CF5B9GH=A5H985BBI5@=N9865G9F9BHCB5AC8=:=98;FCGG@95G965G=GC:  :CF-=A69F+=8;9 8 -<95BBI5@=N9865G9F9BH:CF-=A69F,DF=B;G<5G699B58>IGH98:CFH<=GDF9G9BH5H=CBHCF9:@97HH<5HH<97CBHF57HI5@HF=D@9B9H@95G9GK9F9=BGH958 GHFI7HIF985GAC8=:=98;FCGG@95G9G 6M588=B;H<97CBHF57HI5@5BBI5@=N98HF=D@9B9H65G9F9BHC:  HCCIF9GH=A5H9C:5BBI5@HF=D@9B9H CD9F5H=B;9LD9BG9GC: :CF5B9GH=A5H985BBI5@=N9865G9F9BHCB5AC8=:=98;FCGG@95G965G=GC:  :CF-=A69F,DF=B;G  5H5:CF%5#C@@5CAACBG8C9GBCH=B7@I89%5#C@@5CAACBG -CK9F""" K<=7<F9A5=BGIB89F89J9@CDA9BH !CK9J9F 5GC:979A69F   CIHC:  F9BH56@9GEI5F9:99H CF  C:%5#C@@5CAACBG -CK9F"""<5G699B@95G98  -<=GDFCD9FHM7CBH5=BG B9HF9BH56@9GEI5F9:99H7CBG=GH=B;C:-<9%5B8A5F?5H(B9&5F?9H B9HF9BH56@9GEI5F9:99H5GK9@@5G5G9D5F5H9 @CB; H9FA@95G9579BHG=L GHCFM@95G92??F2=:K65 *?56C(:8?65FE ??F2=:K65 '6?EA6C 2D6'6?EA6C #@E@>>6?465!62D6D2 2D6'6?E3 !62D65(BF2C6@@E3 !62D65(BF2C6@@E4 (::=79)CFH:C@=C              +9H5=@)CFH:C@=C             -CH5@+9H5=@5B8(::=79)CFH:C@=C              5 (::=79DCFH:C@=C@95G9GG=;B986IHBCH7CAA9B798C:    5B8 5F99LD97H98HC7CAA9B798IF=B;H<9:=FGH5B8G97CB8EI5FH9FGC:  5B8H<9:=FGHEI5FH9FC: F9GD97H=J9@M +9H5=@DCFH:C@=C@95G9GG=;B986IHBCH7CAA9B798C:    5B8 GEI5F9:99H5F9 9LD97H98HC7CAA9B798IF=B;H<9:=FGH G97CB8 5B8:CIFH<EI5FH9FGC: F9GD97H=J9@M 6 BBI5@=N9865G9F9BH=G75@7I@5H986MAI@H=D@M=B;65G9F9BH5@D5MA9BHG89:=B985G75G<65G9F9BHG69:CF9565H9A9BHG:CFG=;B986IHBCH 7CAA9B798@95G9G5GC:979A69F 6M "BH<975G9C:HF=D@9B9HCFAC8=:=98;FCGG@95G9G 5BBI5@=N9865G9F9BH8C9GBCH=B7@I89H9B5BH F9=A6IFG9A9BHG:CFF95@9GH5H9H5L9G =BGIF5B79 7CAACB5F95CFCH<9FCD9F5H=B;9LD9BG9G BBI5@=N9865G9F9BHD9F@95G98GEI5F9:CCH=G75@7I@5H98 6M8=J=8=B;5BBI5@=N9865G9F9BH 6MGEI5F9:CCH5;9:CFG=;B986MBCH7CAA9B798@95G9G 7 )FC:CFA55BBI5@=N9865G9F9BH=G75@7I@5H986M8=J=8=B;5BBI5@=N9865G9F9BH:CF7CAA9B798@95G9G5B8:CFG=;B986IHBCH7CAA9B798@95G9G5GC: 979A69F  6MGEI5F9:CCH5;9IB89F@95G95GC:979A69F    '9HF9BH56@9GEI5F9:99H5H79FH5=BC:CIFF9H5=@DFCD9FH=9G=B7@I89GGEI5F9:CCH5;9@95G98DIFGI5BHHC;FCIB8@95G9G 5G89G7F=698=BH<9:C@@CK=B;H56@9 %C@A6CEJ #F>36C@7C@F?5!62D6D (BF2C6@@E286 !62D65%FCDF2?EE@ C@F?5!62D6D 88C682E6??F2=:K652D6 '6?E 5FA9@&CIBH5=B)@5N5          ,CIH<5M&5F?9HD@579         9@&CBH99BH9F         @5AC*I5FFM&5F?9H          -<9!5GG5@CCB=;97HHCG95GCB5@J5F=5H=CB K=H<<=;<9FF5H9GC:C77ID5B7MC77IFF=B;8IF=B;H<9GIAA9FACBHIGH98:FCAH<9DF=CFD9F=C8HCF9:@97HF9 A95GIF9A9BHC:@95G98GD5795HH<9DFCD9FH=9G P )9F79BH5;9@95G98:CF957<C:CIFF9H5=@5B8C::=79DFCD9FH=9G5B8H<9F9H5=@DCFH=CBC:H<9A=L98 IG9DFCD9FHM=G 75@7I@5H985GGEI5F9:CCH5;9IB89F@95G9G5GC:979A69F  8=J=8986MB9HF9BH56@9GEI5F9:99H 9LDF9GG98 5G5D9F79BH5;9 -<9GEI5F9:CCH5;9IB89F@95G9=B7@I89G@95G9GK<=7<A5MBCH<5J97CAA9B7985GC: 979A69F  )9F79BH5;9@95G98:CFCIFAI@H=:5A=@MDFCD9FH=9G=G75@7I@5H985GHCH5@IB=HGF9BH985GC: 979A69F  8=J=8986MHCH5@IB=HG5J5=@56@9 9LDF9GG985G5D9F79BH5;9 P BBI5@=N9865G9F9BH=G75@7I@5H986MAI@H=D@M=B;65G9F9BH5@D5MA9BHG89:=B985G75G<65G9F9BHG 69:CF9 565H9A9BHG:CFH<9ACBH<9B898979A69F  6M BBI5@=N9865G9F9BHD9F@95G98GEI5F9:CCH=G 75@7I@5H986M8=J=8=B;5BBI5@=N9865G9F9BH 6MGEI5F9:CCH5;9IB89F@95G95GC:979A69F  "BH<975G9C: HF=D@9B9HCFAC8=:=98;FCGG@95G9G 5BBI5@=N9865G9F9BH8C9GBCH=B7@I89H9B5BHF9=A6IFG9A9BHG:CFF95@9GH5H9 H5L9G =BGIF5B79 7CAACB5F95CFCH<9FCD9F5H=B;9LD9BG9G -CH5@565H9A9BHG:CF@95G9G=B9::97H5GC: 979A69F :CFCIFF9H5=@5B8C::=79DCFH:C@=C9EI5@985DDFCL=A5H9@M A=@@=CB:CFH<9M95F9B898 979A69F  -CH5@565H9A9BHG:CF@95G9G=B9::97H5GC:979A69F :CFCIFA=L98 IG9DCFH:C@=C 9EI5@985DDFCL=A5H9@M A=@@=CB:CFH<9M95F9B898979A69F  -CH5@565H9A9BHG:CF@95G9G=B9::97H5G C:979A69F :CFCIFAI@H=:5A=@MDCFH:C@=C9EI5@985DDFCL=A5H9@M A=@@=CB:CFH<9M95F9B898 979A69F  P .B=HGF9DF9G9BHH<9HCH5@BIA69FC:IB=HG5J5=@56@9:CFG5@9CFF9BH5H979A69F  P J9F5;9C77ID5B7MF9DF9G9BHGH<9D9F79BH5;9C:5J5=@56@9IB=HGH<5HK9F9GC@88IF=B;H<9 ACBH<D9F=C89B898 979A69F  5B8=G75@7I@5H986M8=J=8=B;H<9BIA69FC:IB=HGGC@86MH<9DFC8I7HC:H<9HCH5@BIA69FC: IB=HG5B8H<9HCH5@BIA69FC:85MG=BH<9D9F=C8 J9F5;985=@MF5H9F9DF9G9BHGH<95J9F5;9F5H9D5=8:CFH<9IB=HG GC@85B8=G75@7I@5H986M8=J=8=B;H<9HCH5@FCCAF9J9BI9= 9 9L7@I8=B;:CC85B869J9F5;9F9J9BI9GCFCH<9F 36C@7 %C@A6CE:6D #6E'6?E23=6(BF2C666E %6C46?E286@7#6E '6?E23=6(BF2C666E  ,CIH<9FB5@=:CFB=5          'CFH<9FB5@=:CFB=5         05G<=B;HCB         (F9;CB        -9L5G        !5K5==        )@E2=          )9F79BH5;9C:'9H+9BH56@9,EI5F999H=G75@7I@5H9865G98CBH<9HCH5@B9HF9BH56@9GEI5F9:99H5J5=@56@9=BCIFF9H5=@DCFH:C@=C C::=79DCFH:C@=C5B8 H<9F9H5=@DCFH=CBC:CIFA=L98 IG9DCFH:C@=C  "B7@I89GH<9F9H5=@DCFH=CBF9@5H98HCH<9A=L98 IG9DFCD9FHM (68>6?E:G6CD:7:42E:@? -<9:C@@CK=B;H56@9G9HG:CFH<=B:CFA5H=CBF9;5F8=B;H<9HCH5@DFCD9FHMCD9F5H=B;=B7CA9:CF957<C:CIFG9;A9BHG:CFH<9 M95F9B898979A69F 8C@@5FG=BH6?E #F>36C@7 %C@A6CE:6D %C@A6CEJ$A6C2E:?8 ?4@>6 %6C46?E286@7%C@A6CEJ $A6C2E:?8?4@>6 (::=79         +9H5=@         &=L98 .G9         &I@H=:5A=@M         )@E2=          !62D6IA:C2E:@?D -<9:C@@CK=B;H56@9G9HG:CFH<5GIAA5FMG7<98I@9C:H<9@95G99LD=F5H=CBG:CF@95G9G=BD@5795GC:979A69F   D@IG5J5=@56@9GD579 :CF957<C:H<9H9B75@9B85FM95FG69;=BB=B;#5BI5FM 5HH<9DFCD9FH=9G=BCIFF9H5=@DCFH:C@=C C::=79 DCFH:C@=C5B8H<9F9H5=@DCFH=CBC:CIFA=L98 IG9DCFH:C@=C -<9GEI5F9:CCH5;9C:5J5=@56@9GD5799L7@I89GH<9GD579:FCA @95G9GH<5HH9FA=B5H98CB979A69F  "B K99LD97H5G=A=@5F@9J9@C:@95G=B;57H=J=HM:CFB9K5B89LD=F=B;@95G9G 7CAD5F98HCDF=CFM95FGK=H<CJ9F5@@DCG=H=J9=B7F95G9G=BF9BH5@=B7CA9 !CK9J9F 7<5B;9G=BF9BH5@=B7CA95GGC7=5H98K=H< =B8=J=8I5@G=;B98@95G9GCB7CAD5F56@9GD579GA5M69DCG=H=J9CFB9;5H=J9 5B8K975BDFCJ=89BC5GGIF5B79H<5HH<9F9BHGCB B9K@95G9GK=@@7CBH=BI9HC=B7F95G95HH<956CJ98=G7@CG98@9J9@G =:5H5@@  -<9@95G99LD=F5H=CBG:CFCIFAI@H=:5A=@MDCFH:C@=C5B8H<9CF=HM <5J=B;HK9@J9 ACBH<@95G9H9FAG 5B86975IG9FCCAG=BH<997HHCCB;C=B;@=H=;5H=CB5B8K99LD97HHCCH<9FK=G969D5FHM:FCAH=A9 HCH=A9HCJ5F=CIG@5KGI=HG 7@5=AG5B8CH<9F@9;5@DFC7998=B;GH<5H5F=G9=BH<9CF8=B5FM7CIFG9C:CIF6IG=B9GG  )" "#().(!$(*'( 'CH5DD@=756@9  %') )" "' )$'$*'$""$#&*).'!)()$ $!'"))'(#((*' %*'(($&*).(*')( >6C:42?DD6ED)CFDE?4 "2C<6E?7@C>2E:@?2?5@=56CD ,<5F9GC:A9F=75BGG9HG-FIGH "B7 G7CAACBGHC7?5F9@=GH98CBH<9'2,IB89FH<9GMA6C@U-V (B96FI5FM   K9<58GHC7?6C:42?DD6ED)CFDE! % -<9F9=GBC9GH56@=G<98HF58=B;A5F?9H:CFA9F=75BGG9HG-FIGH % ) GCD9F5H=B;D5FHB9FG<=DIB=HG GC:96FI5FM   K9<58A6?D2E:@?%=2??7@C>2E:@? "B:CFA5H=CB56CIHCIF9EI=HM7CAD9BG5H=CBD@5BG=G=B7CFDCF5H986MF9:9F9B79=B"H9AC:)5FH"""C:H<=G5BBI5@F9DCFH CBCFA $   (E@4<%6C7@C>2?46C2A9 -<9=B:CFA5H=CB69@CKG<5@@BCH69899A98HC69UGC@=7=H=B;A5H9F=5@VCFHC69U:=@98VK=H<H<9,CFGI6>97HHC +9;I@5H=CBCF CH<9FH<5B5GDFCJ=898=B"H9AC:+9;I@5H=CB, $ CFHCH<9@=56=@=H=9GC:,97H=CBC:H<9 L7<5B;97H 9L79DHHCH<99LH9BHK9GD97=:=75@@MF9EI9GHH<5HGI7<=B:CFA5H=CB69HF95H985GGC@=7=H=B;A5H9F=5@CFGD97=:=75@@M =B7CFDCF5H9=H6MF9:9F9B79=BHC5:=@=B;IB89FH<9,97IF=H=9G7HCFH<9L7<5B;97H -<9;F5D<69@CK7CAD5F9GH<97IAI@5H=J9HCH5@F9HIFBCBH<97CAD5BMWG7CAACBGHC7?K=H<H<5HC:H<9,H5B85F8 )CCFG,HC7?"B89L CF,)"B89L 5B85B=B8IGHFMD99F;FCID ,)+95@GH5H9"B89L:FCA979A69F  HIB7H=CBK=H<H<95I8=H98<=GHCF=75@7CBGC@=85H98:=B5B7=5@GH5H9A9BHG5B8 BCH9GH<9F9HC5DD95F=B;=BU"H9A =B5B7=5@,H5H9A9BHG5B8,IDD@9A9BH5FM5H5VC:H<=GF9DCFH GIG98=BH<=GG97H=CB IB@9GG H<97CBH9LHCH<9FK=G9F9EI=F9G UK9 VUIG VUCIF V5B8UCIF7CAD5BMVA95BA9F=75BGG9HG-FIGH "B7 5&5FM@5B8 7CFDCF5H=CB5B8=HG7CBGC@=85H98GI6G=8=5F=9G =B7@I8=B;A9F=75BGG9HG-FIGH % ) "BGH5H9A9BHGF9;5F8=B;EI5@=:=75H=CB5G5 +"- GI7<H9FAGF9:9FGC@9@MHCA9F=75BGG9HG-FIGH "B7 -<=G8=G7IGG=CBA5M7CBH5=B:CFK5F8 @CC?=B;GH5H9A9BHG65G98 IDCB7IFF9BH9LD97H5H=CBGH<5H=BJC@J9F=G?G5B8IB79FH5=BH=9G (IF57HI5@F9GI@HGA5M8=::9FA5H9F=5@@M:FCAH97HHC:989F5@=B7CA9H5L5B8GH5H95B8@C75@=B7CA9H5LK<9F95DD@=756@95G5 F9;I@5F7CFDCF5H=CB H<9=B7CA995FB986MCIFH5L56@9+"-GI6G=8=5F=9G;9B9F5@@MK=@@69GI6>97HHC5B588=H=CB5@@9J9@C:H5L5G 7CAD5F98HCH<9=B7CA995FB986MCIFCH<9FGI6G=8=5F=9G $FE=@@< 09G99?;FCKH<=B95FB=B;G :IB8G:FCACD9F5H=CBG 5B875G<:@CKGDF=A5F=@MH97HG=BCIF89J9@CDA9BHD=D9@=B9=B7@I8=B;:IHIF9D<5G9GC:%@CM8)CFH:C@=C  CH<9FF989J9@CDA9BHG5H05=?9@99BH9F 5GK9@@5GAI@H=:5A=@M89J9@CDA9BHCDDCFHIB=H=9GK=H<=BCIF9L=GH=B;DCFH:C@=C  B5A9@M5H%CA5G,5BH59)@5N5 ,C@5B5957<-CKB99BHF95B85FA9@&CIBH5=B)@5N5 -<97CAA9B79A9BHC:H<9G9 89J9@CDA9BHG=G65G98CB 5ACB;CH<9FH<=B;G A5F?9H7CB8=H=CBG5B8CIF9J5@I5H=CBC:K<9H<9FGI7<CDDCFHIB=H=9GKCI@8 ;9B9F5H95DDFCDF=5H9F=G?58>IGH98:=B5B7=5@F9HIFBG (IFF989J9@CDA9BH5B889J9@CDA9BHCDDCFHIB=H=9G5F9GI6>97HHCJ5F=CIG :57HCFG =B7@I8=B;A5F?9H7CB8=H=CBG5B8A5MBCHI@H=A5H9@M7CA9HC:FI=H=CB 097CBH=BI9HCF9J=9K57EI=G=H=CBCDDCFHIB=H=9G =BCIFDF=A5FMA5F?9HGH<5HKCI@87CAD@9A9BHCIFDCFH:C@=C5B8DFCJ=89@CB; H9FA;FCKH<CDDCFHIB=H=9G ,CA9C:CIF 57EI=G=H=CBG8CBCH=B=H=5@@M7CBHF=6IH9G=;B=:=75BH@MHC95FB=B;G;FCKH<6DE@C6 09<5J9DFCJ=89879FH5=B=B:CFA5H=CBCB5HCH5@DCFH:C@=C G5A9 GHCF95B8F989J9@CDA9BHG5A9 GHCF965G=G "B:CFA5H=CB DFCJ=898CB5G5A9 GHCF965G=G=B7@I89GH<9F9GI@HGC:DFCD9FH=9GH<5HK9CKB985B8CD9F5H98:CFH<99BH=F9HMC:6CH<D9F=C8G 69=B;7CAD5F989L79DH:CFDFCD9FH=9G:CFK<=7<G=;B=:=75BHF989J9@CDA9BHCF9LD5BG=CBC77IFF988IF=B;9=H<9FC:H<9D9F=C8G 69=B;7CAD5F98 DFCD9FH=9GIB89F89J9@CDA9BH DFCD9FH=9G7@5GG=:=985G<9@8:CF89J9@CDA9BH5B8DFCD9FH=9G7@5GG=:=985G 8=G7CBH=BI98CD9F5H=CBG "B:CFA5H=CBDFCJ=898CB5F989J9@CDA9BHG5A9 GHCF965G=G=B7@I89GH<9F9GI@HGC:DFCD9FH=9G IB89F;C=B;G=;B=:=75BHF989J9@CDA9BH:CFH<99BH=F9HMCFDCFH=CBC:6CH<D9F=C8G69=B;7CAD5F98 ,5A9 GHCF95B8 F989J9@CDA9BHG5A9 GHCF9=G7CBG=89F986MA5B5;9A9BHHC695B=ADCFH5BHA95GIF96975IG9=H5GG=GHG=B9@=A=B5H=B;8=GD5F=H=9G 8I9HCH<989J9@CDA9BH 57EI=G=H=CBCF8=GDCG=H=CBC:DFCD9FH=9G8IF=B;H<9D5FH=7I@5FD9F=C8DF9G9BH98 5B8HI8;A9BHGIFFCIB8=B;7<5B;9G=B89G=;B5H=CBG K9HMD=75@@MF97@5GG=:MG=;B=:=75BH89J9@CDA9BH  F989J9@CDA9BHCF9LD5BG=CBDFCD9FH=9GHCG5A9 GHCF9DFCD9FH=9GCB79H<9M5F9GH56=@=N98 )FCD9FH=9G5F9899A98GH56=@=N98 HMD=75@@M5HH<995F@=9FC:F957<=B;C77ID5B7MCF:CIFEI5FH9FG:C@@CK=B;5DFCD9FHMG=B7@IG=CB=BCD9F5H=B;F95@ 9GH5H9 09HMD=75@@MF9ACJ9DFCD9FH=9G:FCAG5A9 GHCF9DFCD9FH=9GK<9BH<989J9@CDA9BH F989J9@CDA9BHCF9LD5BG=CB<5GCF =G9LD97H98HC<5J95G=;B=:=75BH=AD57HCBH<9DFCD9FHMG5BBI5@=N9865G9F9BH C77ID5B7M5B8CD9F5H=B;=B7CA9K=H<=BH<9 75@9B85FM95F 7EI=F98DFCD9FH=9G5F97@5GG=:=98HCG5A9 GHCF9DFCD9FH=9GCB79K9<5J9CKB98GI7<DFCD9FH=9G:CFH<99BH=F9HM C:7CAD5F56@9D9F=C8G5B8H<9DFCD9FH=9G5F9BCHIB89FG=;B=:=75BH89J9@CDA9BHCF9LD5BG=CB  9@CK=G5GIAA5FMC:CIFG5A9 GHCF97CADCG=H=CB:CFH<9M95FG9B898979A69F  5B8 CFH<9M95F 9B898979A69F  K<9B7CAD5F98HCH<989G=;B5H=CBG:CFH<9M95F9B898979A69F  -=A69F,DF=B;G=G 7@5GG=:=985G5G5A9 GHCF9DFCD9FHM:CFH<9M95F9B898979A69F  6975IG9H<9DFCD9FHMK5G57EI=F98CB&5F7<   -<96I=@8=B;K=H<=BH<9%@CM8)CFH:C@=C=G7@5GG=:=985G5G5A9 GHCF9DFCD9FHMK<9B7CAD5F98HCH<989G=;B5H=CB:CFH<9 M95F9B898979A69F  6975IG9H<9DFCD9FHM<5G699B=BCD9F5H=CB:CF5:I@@M95FG=B79=HK5GD@5798=BG9FJ=79=B 'CJ9A69F (B9957<,HF99H7CBH=BI9GHC69=89BH=:=985G5G5A9 GHCF9F989J9@CDA9BHDFCD9FHM8I9HCG=;B=:=75BH F989J9@CDA9BH57H=J=HM 88=H=CB5@@M H<=GDFCD9FHMK5GD@5798=BHCCD9F5H=CBGCBI;IGH  5DDFCL=A5H9@MCB9M95F5:H9F 7CAD@9H=B;F9BCJ5H=CBG CFH<9M95F9B898979A69F  K<9B7CAD5F98HCH<989G=;B5H=CBG:CFH<9M95F9B898979A69F   7F9G5B8-=A69F+=8;9K9F9F97@5GG=:=98HCG5A9 GHCF9DFCD9FH=9G6975IG9H<9G9DFCD9FH=9GK9F957EI=F98CB#I@M  5B8,9DH9A69F  F9GD97H=J9@M -=A69F,DF=B;G=G7@5GG=:=985GBCB G5A9GHCF9G=B79=HK5G57EI=F98CB&5F7<   (B9957<,HF99H7CBH=BI9GHC69=89BH=:=985G5G5A9 GHCF9F989J9@CDA9BHDFCD9FHM8I9HCG=;B=:=75BH7CBGHFI7H=CB57H=J=HM  646>36C    ,5A9 ,HCF9       'CB ,5A9,HCF9       -CH5@)FCD9FH=9G       +989J9@CDA9BH,5A9 ,HCF9       -CH5@9J9@CDA9BH)FCD9FH=9G       '6G6?F62D6 +9BH5@=B7CA97CBG=GHGC:G7<98I@98F9BH7<5F;9G GHF5=;IGHA9BHG5B8H<95ACFH=N5H=CBC:56CJ9A5F?9H5B8 69@CKA5F?9HF9BHG57EI=F98 095@GC89F=J9F9J9BI9:FCAH9B5BHF97CJ9F=9G5B8CH<9FDFCD9FHMF9J9BI9G =B7@I8=B;D5F?=B; =B7CA9 @95G9H9FA=B5H=CB:99G @5H9:99G GHCF5;9F9BHG5B8CH<9FA=G79@@5B9CIGDFCD9FHMF9J9BI9G **-'))%7)7 (IFC::=79DCFH:C@=C=B7@I898HK9@J9DFCD9FH=9GK=H<5HCH5@C:5DDFCL=A5H9@M A=@@=CBF9BH56@9GEI5F9 :99H5J5=@56@9:CF@95G95GC:979A69F  GC:979A69F  H<9G9DFCD9FH=9GK9F9 @95G98 CFH<9M95F 9B898979A69F  H<9C::=79G9;A9BH7CBHF=6IH98 C:CIFHCH5@F9J9BI9 !=GHCF=75@@M K9<5J9@95G98C::=79 DFCD9FH=9GHCH9B5BHGDF=A5F=@MCB5:I@@G9FJ=79;FCGGCF5AC8=:=98;FCGG65G=G5B8HC5@=A=H989LH9BHCB5HF=D@9 B9H@95G965G=G  099LD97HHC7CBH=BI9HC8CGC=BH<9:IHIF9 :I@@ G9FJ=79;FCGGCFAC8=:=98;FCGG@95G9<5G565G9M95F9LD9BG9GHCD K<9F96M H<9H9B5BHD5MG5GH5H985ACIBHC:79FH5=B9LD9BG9G5GD5FHC:H<9F9BHD5MA9BH K<=@9:IHIF9=B7F95G9G=BDFCD9FHMCD9F5H=B; 9LD9BG9G56CJ9H<965G9M95FGHCD5F96=@@98HCH<9H9B5BH65G98CBGI7<H9B5BHGDFCDCFH=CB5H9GEI5F9:CCH5;9C:H<9DFCD9FHM  -<9=B7F95G98DFCD9FHMCD9F5H=B;9LD9BG9G6=@@985F9F9:@97H985GCD9F5H=B;9LD9BG9G5B85ACIBHGF97CJ9F98:FCAH9B5BHG5F9 F9:@97H985GF9BH5@=B7CA9=BH<9GH5H9A9BHGC:CD9F5H=CBG IF=B;H<9M95F9B898979A69F  K9G=;B98C::=79@95G9G:CF GEI5F9:99HK=H<5B5J9F5;9F9BHC:  D9FGEI5F9:CCH8IF=B;H<9=B=H=5@M95FC:H<9@95G9H9FA (:H<9@95G9G F9DF9G9BH7CAD5F56@9@95G9GK<9F9H<9F9K5G5 DF=CFH9B5BH K=H<5B=B7F95G9C: =B75G<65G=GF9BH5B85B=B7F95G9C: =BGHF5=;CF=HM <5J=B; ACBH<@95G9H9FAG -9B5BHGBCFA5@@MD5M565G9F9BH5@5ACIBH IGI5@@MEICH98=BH9FAGC:5ACBH<@MF5H9:CFH<9 F9GD97H=J9IB=H ,D579G5HH<9+/F9GCFH75B69F9BH985H585=@M K99?@M CFACBH<@MF5H9 -<95J9F5;9ACBH<@M65G9F9BHD9F @95G98IB=H5GC:979A69F K5G  7CAD5F98HC 5H979A69F  -<)(!7)634)68=):)29) (IFA=L98 IG9DFCD9FHM7CBG=GHGC:5DDFCL=A5H9@M F9BH56@9GEI5F9:99HC:F9H5=@ GD5795B85 FCCA5@@ GI=H997H=CBGC::=FGH@95G9M95FD9F79BH5;9F9BH HC69D5=8CBH<9B9K@95G9 "BGCA9=BGH5B79G  A5B5;9A9BH9L9F7=G9G>I8;A9BH5GHC2E6D -<9DF9D5F5H=CBC::=B5B7=5@GH5H9A9BHG=B7CB:CFA=HMK=H< )F9EI=F9GA5B5;9A9BHHCA5?99GH=A5H9G5B8 5GGIADH=CBGH<5H=B79FH5=B7=F7IAGH5B79G5::97HH<9F9DCFH985ACIBHGC:5GG9HG5B8@=56=@=H=9G 8=G7@CGIF9C:7CBH=B;9BH5GG9HG 5B8@=56=@=H=9G 5B8F9J9BI9G5B89LD9BG9G -<9G99GH=A5H9G5F9DF9D5F98IG=B;A5B5;9A9BHG69GH>I8;A9BH 5:H9F7CBG=89F=B; D5GH5B87IFF9BH9J9BHG5B897CBCA=77CB8=H=CBG "B588=H=CB =B:CFA5H=CBF9@=98IDCB6MA5B5;9A9BH=BDF9D5F=B;GI7< 9GH=A5H9G=B7@I89G=BH9FB5@@M;9B9F5H98:=B5B7=5@5B8CD9F5H=B;=B:CFA5H=CB 9LH9FB5@A5F?9H=B:CFA5H=CB K<9B5J5=@56@9 5B8 K<9BB979GG5FM =B:CFA5H=CBC6H5=B98:FCA7CBGI@H5H=CBGK=H<H<=F8 D5FHM9LD9FHG 7HI5@F9GI@HG7CI@88=::9F:FCAH<9G9 9GH=A5H9G 8=G7IGG=CBC:DCGG=6@9F=G?GK<=7<A5M5::97HH<9G99GH=A5H9G=G=B7@I898=BH<9G97H=CB56CJ99BH=H@98U"H9A  +=G?57HCFG V&5B5;9A9BH7CBG=89FG5B577CIBH=B;9GH=A5H9HC697F=H=75@=:7<5B;9G=BH<99GH=A5H97CI@8<5J95A5H9F=5@ =AD57HCBCIF7CBGC@=85H98F9GI@HGC:CD9F5H=CBGCF:=B5B7=5@7CB8=H=CB (IFG=;B=:=75BH577CIBH=B;DC@=7=9G5F9ACF9:I@@M89G7F=698=BH<9BCH9GHCH<97CBGC@=85H98:=B5B7=5@GH5H9A9BHG=B7@I898 9@G9K<9F9=BH<=GF9DCFHIGHA9BHG 65G98CBA5B5;9A9BHG5GG9GGA9BHC: 7F98=H 7C@@97H=CB5B8CH<9F6IG=B9GGF=G?G 0<9BK989H9FA=B9H<5HK95F9H<9CKB9FC:H9B5BH=ADFCJ9A9BHG5B8H<9H9B5BH<5G F9=A6IFG98IG:CF5DCFH=CBCF5@@C:H<9H9B5BH=ADFCJ9A9BH7CGHG K97CBG=89FH<95ACIBHD5=8HC69588=H=CB5@F9BH K<=7<=G F97C;B=N98CB5GHF5=;I8;A9BH6MA5B5;9A9BH -<97C@@97H56=@=HMC:F979=J56@9G=G5::97H986MBIA9FCIG8=::9F9BH:57HCFG =B7@I8=B;7IFF9BH97CBCA=7HF9B8G 7<5B;9G=BH9B5BHGD5MA9BHD5HH9FBG H9B5BH65B?FIDH7=9G H<9GH5HIGC:7C@@97H56=@=HMC: 7IFF9BH75G<F9BHGF979=J56@9 H9B5BHGF979BH5B8<=GHCF=75@:=B5B7=5@5B8CD9F5H=B;F9GI@HG 7<5B;9G=BCIFH9B5BHG7F98=HF5H=B;G  7CAAIB=75H=CBG69HK99BCIFCD9F5H=B;D9FGCBB9@5B8H9B5BHG H<99LH9BHC:G97IF=HM89DCG=HG5B8@9HH9FGC:7F98=HG<9@8K=H< F9GD97HHCH9B5BHG 5B8H<956=@=HMC:H<9H9B5BHHCD9F:CFAIB89FH<9H9FAGC:H<9=F@95G95;F99A9BHK<9B9J5@I5H=B;H<9 589EI57MC:H<95@@CK5B79:CF8CI6H:I@577CIBHG ":CIF5GG9GGA9BHC:H<9G9:57HCFG=B8=75H9G=H=GDFC656@9H<5HK9K=@@69 IB56@9HC7C@@97HGI6GH5BH=5@@M5@@F9BHG K9F97C;B=N957<5F;9HCF9BH5@=B7CA95B8@=A=HCIFF9BH5@=B7CA9HCH<9@9GG9FC:@95G9 =B7CA9CB5GHF5=;IGHA9BHHCF9BH5@=B7CA9=B H<9D9F=C8K9A5?957<5B;9HCCIFDF=CF7CB7@IG=CB I9HCH<9B5HIF9C:H<9577CIBHGF979=J56@9:FCAGHF5=;CF=ADFCJ9A9BHG &=BCF=ADFCJ9A9BHG :IFB=HIF95B8 9EI=DA9BH5F975D=H5@=N985B889DF97=5H98CJ9FIG9:I@@=J9GF5B;=B;:FCAHCM95FG &5=BH9B5B795B8F9D5=FGH<5H8CBCH =ADFCJ9CF9LH9B8H<9IG9:I@@=J9GC:H<9F9@5H985GG9HG5F97<5F;98HCCD9F5H=CBG5G=B7IFF98 -9B5BH=ADFCJ9A9BHG5F9 75D=H5@=N985B889DF97=5H98CJ9FH<9@=:9C:H<9F9@5H98@95G9CFH<9=F9GH=A5H98IG9:I@@=:9 K<=7<9J9F=GGI8;A9BH 5B8GCA9C:H<99GH=A5H9G=BJC@J97CAD@9L75@7I@5H=CBG -<9G95@@C75H=CB5GG9GGA9BHG<5J95 8=F97H=AD57HCBCIFF9GI@HGC:CD9F5H=CBG6975IG9=:K9K9F9HC5@@C75H9ACF9J5@I9HC@5B8 H<9F9KCI@869BC89DF97=5H=CBK=H< F9GD97HHCGI7<5ACIBH ":K9K9F9HC5@@C75H9ACF9J5@I9HCH<96I=@8=B;G 5GCDDCG98HC5@@C75H=B;HCH<9J5@I9C:H9B5BH @95G9G H<=G5ACIBHKCI@869F97C;B=N985G5B9LD9BG9CJ9F5AI7<@CB;9FD9F=C8C:H=A9 G=B79H<95ACIBHG5@@C75H98HC 6I=@8=B;G5F989DF97=5H98CJ9FH<99GH=A5H98@=J9GC:H<96I=@8=B;GK<9F95G5ACIBHG5@@C75H98HCH9B5BH@95G9G5F95ACFH=N98 CJ9FH<9F9A5=B=B;H9FAGC:H<9@95G9G  -<9J5@I95@@C75H98HC=B D@579@95G9G=G5ACFH=N98CJ9FH<9F9@5H98@95G9H9FA5B8F9:@97H985G89DF97=5H=CB5B8 5ACFH=N5H=CB=BH<97CBGC@=85H98GH5H9A9BHGC:7CADF9<9BG=J9=B7CA9 -<9J5@I9C:56CJ95B869@CKA5F?9H@95G9G5GGC7=5H98 K=H<H<9CF=;=B5@BCB75B79@56@9@95G9H9FAG5F95ACFH=N98HCF9BH5@=B7CA9CJ9FH<9H9FAGC:H<9F9GD97H=J9BCB75B79@56@9@95G9 D9F=C8G5B85F9F9:@97H985G9=H<9F5B=B7F95G9:CF69@CKA5F?9H@95G9GCF5897F95G9:CF56CJ9A5F?9H@95G9GHCF9BH5@=B7CA9 =BH<97CBGC@=85H98GH5H9A9BHC:7CADF9<9BG=J9=B7CA9 ":5H9B5BHJ575H9G=HGGD579DF=CFHC7CBHF57HI5@H9FA=B5H=CBC:=HG@95G9 CFH<9@95G9=GBCHF9B9K98 H<9IB5ACFH=N9865@5B79C:5BM=B D@579@95G9J5@I9=GKF=HH9BC::HCF9BH5@=B7CA95B85ACFH=N5H=CB 9LD9BG9 -<9J5@I9C:H<9@95G9G5GGC7=5H98K=H<69@CKA5F?9H@95G9F9B9K5@CDH=CBGH<5H5F9@=?9@MHC699L9F7=G985F9 5ACFH=N98HCF9BH5@=B7CA9CJ9FH<9F9GD97H=J9F9B9K5@D9F=C8G 09A5?95GGIADH=CBG5B89GH=A5H9GF9@5H98HC69@CKA5F?9H  @95G9F9B9K5@CDH=CBG K<=7<=AD57HF9J9BI9=BH<9D9F=C8=BK<=7<H<9F9B9K5@CDH=CBG5F99L9F7=G985B87CI@8F9GI@H=B G=;B=:=75BH=B7F95G9GHCF9J9BI9=:H<9F9B9K5@CDH=CBG5F9BCH9L9F7=G985HK<=7<H=A9H<9F9@5H9869@CKA5F?9H@95G9@=56=@=H=9G KCI@869KF=HH9BC::5G5B=B7F95G9HCF9J9BI9 -F5BG57H=CB7CGHGF9@5H98HCH<957EI=G=H=CBC:56IG=B9GG GI7<5G6FC?9F:99G HF5BG:9FH5L9G @9;5@ 577CIBH=B; J5@I5H=CB  5B8CH<9FDFC:9GG=CB5@5B87CBGI@H=B;:99G 5F99LD9BG985G=B7IFF985B8=B7@I898=BU;9B9F5@5B858A=B=GHF5H=J99LD9BG9GV=B CIF7CBGC@=85H98GH5H9A9BHGC:7CADF9<9BG=J9=B7CA9 CF5GG9H57EI=G=H=CBGBCHA99H=B;H<989:=B=H=CBC:56IG=B9GG  HF5BG57H=CB7CGHG5F975D=H5@=N985GD5FHC:H<957EI=G=H=CB7CGH  %4-8%0->)(3787 9FH5=B9LH9FB5@5B8=BH9FB5@7CGHG8=F97H@MF9@5H98HCH<989J9@CDA9BH5B8F989J9@CDA9BHC:F95@9GH5H9 =B7@I8=B;DF9 7CBGHFI7H=CB7CGHG F95@9GH5H9H5L9G =BGIF5B79 =BH9F9GH 7CBGHFI7H=CB7CGHG5B8G5@5F=9G5B8F9@5H987CGHGC:D9FGCBB9@8=F97H@M =BJC@J98 5F975D=H5@=N98 0975D=H5@=N97CGHGIB89F89J9@CDA9BHIBH=@7CBGHFI7H=CB=GGI6GH5BH=5@@M7CAD@9H95B8H<9DFCD9FHM=G <9@85J5=@56@9:CFC77ID5B7M -<989H9FA=B5H=CBC:K<9B589J9@CDA9BHDFC>97H=GGI6GH5BH=5@@M7CAD@9H95B8K<9B 75D=H5@=N5H=CBAIGH795G9=BJC@J9G589;F99C:>I8;A9BH 097CBG=89F57CBGHFI7H=CBDFC>97H5GGI6GH5BH=5@@M7CAD@9H95B8<9@8 5J5=@56@9:CFC77ID5B7MIDCBH<97CAD@9H=CBC:@5B8@CF8 CKB98H9B5BH=ADFCJ9A9BHGCFK<9BH<9@9GG99H5?9GDCGG9GG=CBC: H<9IB=ADFCJ98GD579:CF7CBGHFI7H=CBC:=HGCKB=ADFCJ9A9BHG 6IHBCH@5H9FH<5BCB9M95F:FCA79GG5H=CBC:A5>CF 7CBGHFI7H=CB57H=J=HM 09795G975D=H5@=N5H=CBCBH<9DCFH=CBGI6GH5BH=5@@M7CAD@9H985B8C77ID=98CF<9@85J5=@56@9:CF C77ID5B7M 5B875D=H5@=N9CB@MHCFF989J9@CDA9BHG5F975D=H5@=N985GD5FHC:89J9@CDA9BHG5B8F989J9@CDA9BHGBCH M9HD@5798=BG9FJ=79 5D=H5@=N5H=CBC:=BH9F9GH7CAA9B79GK<9B89J9@CDA9BH57H=J=H=9G5B89LD9B8=HIF9G69;=B5B89B8IDCB 7CAD@9H=CB K<=7<=GK<9BH<95GG9H=GF958M:CF=HG=BH9B898IG95GBCH9856CJ9 09A5?9>I8;A9BHG5GHCH<9H=A9D9F=C8CJ9F K<=7<HC75D=H5@=N9GI7<7CGHG5B8H<9G95GGIADH=CBG<5J958=F97H=AD57HCBB9H=B7CA96975IG975D=H5@=N987CGHG5F9BCH GI6HF57H98=B75@7I@5H=B;B9H=B7CA9 ":H<9H=A9D9F=C8:CF75D=H5@=N=B;=BH9F9GH=G9LH9B898 ACF9=BH9F9GH=G75D=H5@=N98 H<9F96M 897F95G=B;=BH9F9GH9LD9BG95B8=B7F95G=B;B9H=B7CA98IF=B;H<5HD9F=C8 0975D=H5@=N98=BH9F9GH7CGHGF9@5H98HC6CH< 89J9@CDA9BH5B8F989J9@CDA9BH57H=J=H=9G7CA6=B98C: A=@@=CB5B8 A=@@=CB:CFH<9M95FG9B898979A69F  5B8 F9GD97H=J9@M   ,9;A9BH75D=H5@9LD9B8=HIF9G:CFH<9M95FG9B898979A69F 5B85F95G:C@@CKG8C@@5FG=BH36C   ,9;A9BH -9B5BH "ADFCJ9A9BHG5B8 %95G=B; CAA=GG=CBG 5D=H5@ LD9B8=HIF9G -CH5@-9B5BH "ADFCJ9A9BHG  %95G=B; CAA=GG=CBG5B8 5D=H5@ LD9B8=HIF9G +989J9@CDA9BH 5B8LD5BG=CBG '9K 9J9@CDA9BH -CH5@5D=H5@ LD9B8=HIF9G (::=79)CFH:C@=C                   +9H5=@)CFH:C@=C           T  T    &I@H=:5A=@M)CFH:C@=C  T        T  T    &=L98 .G9)CFH:C@=C          T  T    -CH5@                   .62C?565646>36C   ,9;A9BH -9B5BH "ADFCJ9A9BHG5B8 %95G=B; CAA=GG=CBG 5D=H5@ LD9B8=HIF9G -CH5@-9B5BH "ADFCJ9A9BHG  %95G=B; CAA=GG=CBG5B8 5D=H5@ LD9B8=HIF9G +989J9@CDA9BH 5B8LD5BG=CBG '9K 9J9@CDA9BH -CH5@5D=H5@ LD9B8=HIF9G (::=79)CFH:C@=C                   +9H5=@)CFH:C@=C           T  T    &I@H=:5A=@M)CFH:C@=C  T        T  T    &=L98 .G9)CFH:C@=C          T  T    -CH5@                   -<9=B7F95G9=BH9B5BH=ADFCJ9A9BHG5B8@95G=B;7CAA=GG=CBG:CFH<9M95F9B898979A69F 7CAD5F98HCH<9 M95F9B898979A69F  K5GDF=A5F=@MF9@5H98HCH9B5BH6I=@8CIHG5H%5#C@@5CAACBG %@CM8)CFH:C@=C 9@&CBH9 9BH9F =HM9BH9F9@@9JI95B8@5AC*I5FFM&5F?9H8IF=B;H<9M95F9B898979A69F  D5FH=5@@MC::G9H6MH9B5BH 6I=@8CIHG7CAD@9H985H-CFF9M+9G9FJ95ADIG -CFF9M)C=BH5B85FA9@&CIBH5=B)@5N58IF=B;H<9M95F9B898979A69F    -<9897F95G9=B75D=H5@9LD9B8=HIF9G:CFH<9M95F9B898979A69F 7CAD5F98HCH<9M95F9B898979A69F  K5GDF=A5F=@MF9@5H98HCH<9F9BCJ5H=CBG7CAD@9H985H=HM9BH9F9@@9JI95B8%5#C@@5CAACBG8IF=B;H<9M95F9B898 979A69F  D5FH=5@@MC::G9H6M5B=B7F95G95H@5AC*I5FFM&5F?9H8IF=B;H<9M95F9B898979A69F  -<9897F95G9=BB9K89J9@CDA9BH9LD9B8=HIF9G:CFH<9M95F9B898979A69F 7CAD5F98HCH<9M95F9B898 979A69F K5GDF=A5F=@MF9@5H98HC7CGHG=B7IFF98:CFH<989J9@CDA9BHC:-CK9F5H%5#C@@5CAACBG8IF=B;H<9 M95F9B898979A69F  -<9897F95G9=BF989J9@CDA9BH9LD9B8=HIF9G:CFH<9M95F9B898979A69F 7CAD5F98 HCH<9M95F9B898979A69F  K5GDF=A5F=@MF9@5H98HCH<9A5>CF=HM7CAD@9H=CBC:H<9(B9957<,HF99HF989J9@CDA9BH 8IF=B;H<9M95F9B898979A69F  (IF75D=H5@9LD9B8=HIF9G:CFH<9M95F9B8=B;979A69F K=@@89D9B8IDCB57EI=G=H=CBCDDCFHIB=H=9G H<9@9J9@C: =ADFCJ9A9BHG5B8F9BCJ5H=CBGCB9L=GH=B;DFCD9FH=9G5B8H<9H=A=B;5B87CGHC:89J9@CDA9BHC:CIF<9@8:CF89J9@CDA9BH5B8 7CBGHFI7H=CB=BDFC;F9GGDFCD9FH=9G 0<=@9H<95ACIBHC::IHIF99LD9B8=HIF9GK=@@89D9B8CBBIA9FCIG:57HCFG K99LD97H 9LD9B8=HIF9G=B7IFF98=BH<9M95F9B8=B;979A69F HC897F95G9:FCAH<9M95F9B8=B;979A69F 5GK9 F957<987CAD@9H=CBC:H<989J9@CDA9BH57H=J=H=9G5H%5#C@@5CAACBG=BH<9M95F9B898979A69F  )6-:%8-:)278691)287 09A5MIG989F=J5H=J9=BGHFIA9BHGHCA5B5;99LDCGIF9HCJ5F=56@9=BH9F9GHF5H9F=G? 09A5M9BH9F=BHC=BH9F9GHF5H9GK5DG HCA5B5;9CIF9LDCGIF9HCJ5F=56@9=BH9F9GHF5H9F=G?5B8HF95GIFM@C7?GHCA5B5;9H<9F=G?C:=BH9F9GHF5H9GF=G=B;DF=CFHCH<9 =GGI5B79C:896H   BM=BH9F9GHF5H9GK5DG5GGC7=5H98K=H<CIF75G<:@CK<98;9G5F9F97CF8985H:5=FJ5@I9CB5F97IFF=B;65G=G 095GG9GG 9::97H=J9B9GGC:CIF75G<:@CK<98;9G6CH<5H=B79DH=CB5B8CB5BCB;C=B;65G=G -<99::97H=J9DCFH=CBC:7<5B;9G=B:5=FJ5@I9 C:H<9=BH9F9GHF5H9GK5DG5GGC7=5H98K=H<CIF75G<:@CK<98;9G=GF97CF898=BCH<9F7CADF9<9BG=J9=B7CA9K<=7<=G=B7@I898=B 577IAI@5H98CH<9F7CADF9<9BG=J9=B7CA9CBCIF7CBGC@=85H9865@5B79G<99H5B8CIF7CBGC@=85H98GH5H9A9BHC:9EI=HM (IF75G< :@CK<98;9G697CA9=B9::97H=J9=:7F=H=75@H9FAGC:H<9<98;=B;=BGHFIA9BH5B8H<9896H=BGHFIA9BH8CBCHA5H7< GI7<5G BCH=CB5@5ACIBHG G9HH@9A9BH85H9G F9G9H85H9G 75@7I@5H=CBD9F=C8G5B8H<9IG9C:,(+ "B588=H=CB K99J5@I5H9H<989:5I@H F=G?C:H<97CIBH9FD5FHM6MACB=HCF=B;H<97F98=HKCFH<=B9GGC:H<97CIBH9FD5FHMK<=7<=B7@I89GF9J=9K=B;896HF5H=B;G5B8 :=B5B7=5@D9F:CFA5B79 !CK9J9F A5B5;9A9BH8C9GBCH5BH=7=D5H9BCB D9F:CFA5B796MH<97CIBH9FD5FHM ":575G<:@CK<98;9=G 899A98=B9::97H=J9 H<9=B9::97H=J9DCFH=CBC:7<5B;9G=B:5=FJ5@I9C:H<9=BH9F9GHF5H9GK5DG5GGC7=5H98K=H<CIF75G<:@CK <98;9G=GF97C;B=N98=B95FB=B;G=BH<9D9F=C85::97H98 14%-61)283*32+-:)( 77)87 09F9J=9K:CF=AD5=FA9BHCB5DFCD9FHM6MDFCD9FHM65G=G "AD5=FA9BH=GF97C;B=N98CBDFCD9FH=9G<9@8:CFIG9K<9BH<9 9LD97H98IB8=G7CIBH9875G<:@CKG:CF5DFCD9FHM5F9@9GGH<5B=HG75FFM=B;5ACIBH5HK<=7<H=A9H<9DFCD9FHM=GKF=HH9B 8CKBHC :5=FJ5@I9 -<975@7I@5H=CBC:6CH<8=G7CIBH985B8IB8=G7CIBH9875G<:@CKGF9EI=F9GA5B5;9A9BHHCA5?99GH=A5H9GC::IHIF9 75G<:@CKG=B7@I8=B;F9J9BI9G CD9F5H=B;9LD9BG9G F9EI=F98A5=BH9B5B795B889J9@CDA9BH9LD9B8=HIF9G A5F?9H7CB8=H=CBG  89A5B8:CFGD5796MH9B5BHG5B8F9BH5@F5H9GCJ9F@CB;D9F=C8G ,=B79CIFDFCD9FH=9GHMD=75@@M<5J95@CB;@=:9 H<95GGIADH=CBG IG98HC9GH=A5H9H<9:IHIF9F97CJ9F56=@=HMC:6CC?J5@I9F9EI=F9GG=;B=:=75BHA5B5;9A9BH>I8;A9BH 7HI5@F9GI@HG7CI@869 G=;B=:=75BH@M8=::9F9BH:FCAH<99GH=A5H9G -<9G99GH=A5H9G<5J958=F97H=AD57HCBB9H=B7CA96975IG9F97CF8=B;5B=AD5=FA9BH 7<5F;9F9GI@HG=B5B9;5H=J958>IGHA9BHHCB9H=B7CA9 -<99J5@I5H=CBC:5BH=7=D5H9875G<:@CKG=G<=;<@MGI6>97H=J95B8=G65G98 =BD5FHCB5GGIADH=CBGF9;5F8=B;:IHIF9C77ID5B7M F9BH5@F5H9G5B875D=H5@F9EI=F9A9BHGH<5H7CI@88=::9FA5H9F=5@@M:FCA57HI5@ F9GI@HG=B:IHIF9D9F=C8G  )FCD9FH=9G<9@8:CFG5@95F9F97CF8985HH<9@CK9FC:H<975FFM=B;5ACIBHCFH<99LD97H98G5@9GDF=79@9GG7CGHGHCG9@@  @H97HHC7CFDCF5H9@9J9@=B7CA9H5LCBH<995FB=B;G8=GHF=6IH987IFF9BH@MHCCIFGHC7?97HHCF9;I@5F. , :989F5@7CFDCF5H9=B7CA9H5L  BMGI7<7CFDCF5H9H5L@=56=@=HM7CI@869GI6GH5BH=5@5B8KCI@8F98I79CIF75G<5J5=@56@9:CF 5ACB;CH<9FH<=B;G CIF CD9F5H=CBG5B88=GHF=6IH=CBGHCA9F=75BGG9HG-FIGH "B7 GGHC7?97HHC:989F5@5B8GH5H9=B7CA9H5L9G  %C@A6CEJ4BF:D:E:@?D2?5:DA@D:E:@?D 7EI=G=H=CBG5B8=GDCG=H=CBG IF=B;H<9M95F9B898979A69F  H<9F9K9F9BC57EI=G=H=CBGCF8=GDCG=H=CBG 7EI=G=H=CBG5B8=GDCG=H=CBG IF=B;H<9M95F9B898979A69F  H<9F9K9F9BC57EI=G=H=CBGCF8=GDCG=H=CBG 7EI=G=H=CBG5B8=GDCG=H=CBG (B&5F7<  K957EI=F98-=A69F,DF=B;G 7CBG=GH=B;C:5B5DDFCL=A5H9@M GEI5F9:99H AI@H= H9B5BHC::=79 75ADIG=B9@@9JI9 05G<=B;HCB -<9DIF7<5G9DF=79K5G5DDFCL=A5H9@M A=@@=CB @9GGG9@@9F7F98=HGC:5DDFCL=A5H9@M  A=@@=CBC::IHIF9F9BH565H9A9BH 5DDFCL=A5H9@M A=@@=CBC:7CBHF57HI5@H9B5BH=ADFCJ9A9BHG5B87@CG=B;7CGHGC: 5DDFCL=A5H9@M A=@@=CB -<9DFCD9FHMK5G57EI=F98K=H<75G<CB<5B8 IF=B;H<9M95F9B898979A69F  H<9F9K9F9BC8=GDCG=H=CBG '6DF=ED@7$A6C2E:@?D CFCIF8=G7IGG=CBC:F9GI@HGC:CD9F5H=CBG K9<5J9DFCJ=898=B:CFA5H=CBCB5HCH5@DCFH:C@=C5B8G5A9 GHCF965G=G  CFCIF8=G7IGG=CBF9@5H98HCH<9F9GI@HGC:CD9F5H=CBG5B8@=EI=8=HM5B875D=H5@F9GCIF79G:CFH<9M95F9B898979A69F  7CAD5F98HCH<9M95F9B898979A69F D@95G9F9:9FHC)5FH"" "H9A &5B5;9A9BHG=G7IGG=CB5B8B5@MG=GC: =B5B7=5@CB8=H=CB5B8+9GI@HGC:(D9F5H=CBG=BCIF:=G75@CFA $ :=@98K=H<H<9,97IF=H=9G5B8L7<5B;9 CAA=GG=CBCB96FI5FM  314%6-7323*8,)$)%62()()')1&)6   838,)$)%62()()')1&)6    -<9:C@@CK=B;GIAA5F=N9GCIF7CBGC@=85H98F9GI@HGC:CD9F5H=CBG:CFH<9M95F9B898979A69F 7CAD5F98HCCIF 7CBGC@=85H98F9GI@HGC:CD9F5H=CBG:CFH<9M95F9B898979A69F  GC:979A69F  CIFCD9F5H=B;DCFH:C@=CK5G 7CADF=G98C:C::=79 F9H5=@ AI@H=:5A=@M5B8A=L98 IG9DFCD9FH=9GK=H<5B5;;F9;5H9C:5DDFCL=A5H9@M A=@@=CBF9BH56@9 GEI5F9:99HC:C::=795B8F9H5=@GD579=B7@I8=B;A=L98 IG9F9H5=@GD579  F9G=89BH=5@IB=HG=B7@I8=B;+/GD579G5B85  FCCA36C    92?86  '6G6?F6D +9BH5@=B7CA9           (H<9FDFCD9FHM=B7CA9           -CH5@DFCD9FHMF9J9BI9G           IA6?D6D +9BH5@9LD9BG9G           +95@9GH5H9H5L9G          -CH5@DFCD9FHM9LD9BG9G           '9HCD9F5H=B;=B7CA9           9B9F5@5B858A=B=GHF5H=J9          9DF97=5H=CB5B85ACFH=N5H=CB           "BH9F9GH9LD9BG9 B9H           (H<9F=B7CA9 B9H           #6E:?4@>6           '9H=B7CA95HHF=6IH56@9HCF9GHF=7H98G<5F9G        '9H=B7CA95HHF=6IH56@9HCIB=H62EEC:3FE23=6E@>6C:42?DD6ED)CFDE?4  DE@4<9@=56CD           ):)29) 38%04634)68=6):)29)7-CH5@DFCD9FHMF9J9BI97CBG=GHGC:F9BH5@F9J9BI95B8CH<9FDFCD9FHM=B7CA9 -CH5@DFCD9FHM F9J9BI9=B7F95G98  A=@@=CB CF HC A=@@=CB:CFH<9M95F9B898979A69F  7CAD5F98HC A=@@=CB :CFH<9M95F9B898979A69F  -<9D9F79BH5;9@95G98K5G5G:C@@CKG:CF957<G9;A9BH5GC:979A69F 5B8  %6C46?E286!62D65  .62C?565 646>36C    (::=79     +9H5=@     &I@H=:5A=@M     &=L98 .G9      -<9D9F79BH5;9@95G98=B7@I89GH<9GEI5F9:CCH5;9IB89F@95G9 =B7@I8=B;@95G9GK<=7<A5MBCH<5J97CAA9B7985GC:979A69F CF 979A69F  5G5DD@=756@9   "B7@I89GH<9F9H5=@DCFH=CBC:H<9A=L98 IG9DFCD9FHMCB@M  -<9=B7F95G9=BHCH5@DFCD9FHMF9J9BI9K5G5HHF=6IH56@9DF=A5F=@MHCH<9:57HCFG8=G7IGG9869@CK )28%06):)29)7+9BH5@F9J9BI9=B7@I89GA=B=AIA65G9F9BH 7CGHF9=A6IFG9A9BHG D9F79BH5;9F9BHG5B8CH<9FF9BHG  +9BH5@F9J9BI9=B7F95G98  A=@@=CB CF HC A=@@=CB:CFH<9M95F9B898979A69F  7CAD5F98HC  A=@@=CB:CFH<9M95F9B898979A69F  +9BH5@F9J9BI96MG9;A9BHK5G5G:C@@CKG8C@@5FG=BH6(E@C6%@CE7@=:@  .62C?565646>36C  .62C?565646>36C    92?86    92?86  (::=79                     +9H5=@                     &I@H=:5A=@M                     &=L98 .G9                                        CFH<=GH56@95B8H56@9G:C@@CK=B; H<9G5A9 GHCF9DCFH:C@=C9L7@I89G(B9957<,HF99H8I9HCG=;B=:=75BHF989J9@CDA9BH5B8@5B8<9@8:CF 89J9@CDA9BH -CH5@C::=79F9BH5@F9J9BI9897F95G98 A=@@=CB:CFH<9M95F9B898979A69F 7CAD5F98HCH<9M95F9B898 979A69F DF=A5F=@M8I9HC5897F95G9C: A=@@=CB=B7CGHF97CJ9F=9G8I9HC7<5B;9G=BH9B5BH65G9M95FG 5897F95G9 =BF97CJ9F56@9DFCD9FHM9LD9BG9G DF=CFM95FH5LF9:IB8GF979=J98H<5HK9F9F9:IB898HCH9B5BHG 5B85897F95G9=BF9BH5@F9J9BI9 8F=J9BDF=A5F=@M6MH9B5BHACJ9 CIHG5H%@CM8)CFH:C@=C5B8-=A69F,DF=B;G5B8@CK9FC77ID5B7M5H,C@5B5FCGG=B;  -CH5@F9H5=@F9BH5@F9J9BI9=B7F95G98 A=@@=CB:CFH<9M95F9B898979A69F 7CAD5F98HCH<9M95F9B898 979A69F DF=A5F=@M8I9HCB9KH9B5BH@95G9GG=;B98 G7<98I@98F9BH=B7F95G9G5B8H9B5BHGDF9J=CIG@MCB5@H9FB5H9F9BH F9J9FH=B;657?HC65G=7ACBH<@MF9BH -<9G9=B7F95G9G5F9DF=A5F=@MF9@5H98HC5FA9@&CIBH5=B)@5N5 ,C@5B5957<-CKB9 9BH9F @5AC*I5FFM&5F?9H5B89@&CBH99BH9F 88=H=CB5@@M H<9F9K5G5B=B7F95G9C: A=@@=CB=B7CGHF97CJ9F=9G &I@H=:5A=@MF9BH5@F9J9BI9=B7F95G98 A=@@=CB:CFH<9M95F9B898979A69F 7CAD5F98HCH<9M95F9B898 979A69F DF=A5F=@M8I9HC5BCJ9F5@@=B7F95G9=B5J9F5;9ACBH<@M65G9F9BH5B85B=B7F95G9=BC77ID5B7M J9F5;9 ACBH<@M65G9F9BH5B8C77ID5B7MK5G 5B8 :CFH<9M95F9B898979A69F  7CAD5F98HC 5B8  :CFH<9M95F9B898979A69F   &=L98 IG9F9BH5@F9J9BI9=B7F95G98 A=@@=CB:CFH<9M95F9B898979A69F 7CAD5F98HCH<9M95F9B898 979A69F DF=A5F=@M8I9HC5B=B7F95G9=BF9BH5@F9J9BI95HH<9F9H5=@DCFH=CBC:CIFA=L98 IG9DFCD9FHM @5F;9@M 5HHF=6IH56@9HC5B=B7F95G9=B7CGHF97CJ9F=9G5B8B9KH9B5BH@95G9G7CAA9B7=B;5H<=;<9F65G9F9BHG 88=H=CB5@@M H<9F9K5G5 A=B=A5@=B7F95G9=BF9BH5@F9J9BI95HH<905=?=?=957<05@?6(E@C6%@CE7@=:@ .62C?565646>36C  .62C?565646>36C    92?86    92?86  (::=79                     +9H5=@                   &I@H=:5A=@M                   &=L98 .G9                                       -CH5@C::=79CH<9FDFCD9FHM=B7CA9=B7F95G98 A=@@=CB:CFH<9M95F9B898979A69F 7CAD5F98HCH<9M95F 9B898979A69F DF=A5F=@M8I9HC5B5DDFCL=A5H9@M A=@@=CB@95G9H9FA=B5H=CB:995B85B85B5DDFCL=A5H9@M  A=@@=CB@95G9G9HH@9A9BH:99F979=J985H-CFF9M+9G9FJ95ADIG +9H5=@CH<9FDFCD9FHM=B7CA9=B7F95G98 A=@@=CB:CFH<9M95F9B898979A69F 7CAD5F98HCH<9M95F9B898 979A69F DF=A5F=@M8I9HC@95G9H9FA=B5H=CB:99GF979=J985H@5AC*I5FFM&5F?9H5B8,C@5B5957<-CKB99BH9F =B C::G9H6M@95G9H9FA=B5H=CB:99GF979=J985H5FA9@&CIBH5=B)@5N55B8,CIH<65M&5F?9HD@579=B &I@H=:5A=@MCH<9FDFCD9FHM=B7CA9=B7F95G98 A=@@=CB:CFH<9M95F9B898979A69F 7CAD5F98HCH<9M95F 9B898979A69F DF=A5F=@M8I9HC5B=B7F95G9=BIH=@=H=9GA9H9F=B7CA9 D5FH=5@@MC::G9H6M@CK9FG97IF=HM89DCG=HG 95FB98  &=L98 IG9CH<9FDFCD9FHM=B7CA9=B7F95G98 A=@@=CB:CFH<9M95F9B898979A69F 7CAD5F98HCH<9M95F 9B898979A69F DF=A5F=@M8I9HC5B=B7F95G9=BCH<9FFCCAF9BH5@=B7CA95HH<96(E@C6%@CE7@=:@ .62C?565646>36C  .62C?565646>36C    92?86    92?86  (::=79                     +9H5=@                   &I@H=:5A=@M                   &=L98 .G9                                       -CH5@C::=79F9BH5@9LD9BG9G=B7F95G98 A=@@=CB:CFH<9M95F9B898979A69F 7CAD5F98HCH<9M95F9B898 979A69F DF=A5F=@M8I9HC5B=B7F95G9=B:57=@=H=9GG9FJ=79G F9D5=FG5B8A5=BH9B5B79G9FJ=79G IH=@=H=9G9LD9BG9G5B8 =BGIF5B799LD9BG9G -CH5@F9H5=@F9BH5@9LD9BG9G=B7F95G98 A=@@=CB:CFH<9M95F9B898979A69F 7CAD5F98HCH<9M95F9B898 979A69F DF=A5F=@M8I9HC5B=B7F95G9=B:57=@=H=9GG9FJ=79G IH=@=H=9G9LD9BG9G5B8=BGIF5B799LD9BG9G &I@H=:5A=@MF9BH5@9LD9BG9G=B7F95G98 A=@@=CB:CFH<9M95F9B898979A69F 7CAD5F98HCH<9M95F9B898 979A69F DF=A5F=@M8I9HC5B=B7F95G9=B:57=@=H=9GG9FJ=79G IH=@=H=9G9LD9BG9G =BGIF5B799LD9BG9G5B85B=B7F95G9=B DFCD9FHM @9J9@D9FGCBB9@7CAD9BG5H=CB9LD9BG9G &=L98 IG9F9BH5@9LD9BG9G=B7F95G98 A=@@=CB:CFH<9M95F9B898979A69F 7CAD5F98HCH<9M95F9B898 979A69F DF=A5F=@M8I9HC5B=B7F95G9C: A=@@=CB=B6(E@C6%@CE7@=:@ .62C?565646>36C  .62C?565646>36C    92?86    92?86  (::=79                     +9H5=@                   &I@H=:5A=@M                   &=L98 .G9                                      -CH5@C::=79F95@9GH5H9H5L9G897F95G98 A=@@=CB:CFH<9M95F9B898979A69F 7CAD5F98HCH<9M95F9B898 979A69F DF=A5F=@M8I9HCF95@9GH5H9H5LF9:IB8GF979=J985H%5#C@@5CAACBG5B8=FGH&5=B C::G9H6M<=;<9F H5L7CBGI@H5BH:99G=B7IFF98=B7CBB97H=CBK=H<C6H5=B=B;H<9G9F9:IB8G  +9H5=@F95@9GH5H9H5L9G=B7F95G98 A=@@=CB:CFH<9M95F9B898979A69F 7CAD5F98HCH<9M95F9B898 979A69F DF=A5F=@M8I9HC5B=B7F95G9=BDFCD9FHMH5L5GG9GGA9BH5H@5AC*I5FFM&5F?9H5B8F95@9GH5H9H5LF9:IB8G F979=J985H5FA9@&CIBH5=B)@5N58IF=B;  &I@H=:5A=@MF95@9GH5H9H5L9G897F95G98 A=@@=CB:CFH<9M95F9B898979A69F 7CAD5F98HCH<9M95F9B898 979A69F DF=A5F=@M8I9HC5H5LF9:IB8F979=J985H)57=:=7+=8;9D5FHA9BHG8IF=B; D5FH=5@@MC::G9H6M<=;<9F DFCD9FHMH5L5GG9GGA9BHG57FCGG5@@AI@H=:5A=@MDFCD9FH=9G &=L98 IG9F95@9GH5H9H5L9G=B7F95G98 A=@@=CB:CFH<9M95F9B898979A69F 7CAD5F98HCH<9M95F9B898 979A69F DF=A5F=@M8I9HC5B=B7F95G9=BDFCD9FHMH5L5GG9GGA9BH  634)68=4)6%8-2+2'31) )FCD9FHMCD9F5H=B;=B7CA9=B7F95G98  A=@@=CB CF HC A=@@=CB:CFH<9M95F9B898979A69F   7CAD5F98HC A=@@=CB:CFH<9M95F9B898979A69F  )FCD9FHMCD9F5H=B;=B7CA96MG9;A9BHK5G5G:C@@CKG 8C@@5FG=BH6(E@C6%@CE7@=:@ .62C?565646>36C  .62C?565646>36C    92?86    92?86  (::=79                     +9H5=@                     &I@H=:5A=@M                     &=L98 .G9         T         T                     -CH5@C::=79DFCD9FHMCD9F5H=B;=B7CA9=B7F95G98 A=@@=CB:CFH<9M95F9B898979A69F 7CAD5F98HCH<9 M95F9B898979A69F DF=A5F=@M8I9HC5B5DDFCL=A5H9@M A=@@=CB@95G9H9FA=B5H=CB:99F979=J985H-CFF9M +9G9FJ95ADIG5B8@CK9FF95@9GH5H9H5L9G8I9HCH5LF9:IB8GF979=J985H%5#C@@5CAACBG5B8=FGH&5=B -<9G9 =B7F95G9GK9F9C::G9H6M5897F95G9=BF9BH5@F9J9BI98F=J9B6M@CK9FF9BH5@F5H9G5H%@CM8)CFH:C@=C5B8-=A69F,DF=B;G @CK9F C77ID5B7M5H,C@5B5FCGG=B; 5897F95G9=B7CGHF97CJ9F=9G 5B85B=B7F95G9=BF9BH5@9LD9BG9GF9@5H98HCIH=@=H=9G9LD9BG9G  =BGIF5B799LD9BG9G5B8F9D5=FG5B8A5=BH9B5B799LD9BG9G +9H5=@DFCD9FHMCD9F5H=B;=B7CA9=B7F95G98 A=@@=CB:CFH<9M95F9B898979A69F 7CAD5F98HCH<9M95F 9B898979A69F DF=A5F=@M8I9HCB9KH9B5BH@95G9GG=;B98 G7<98I@98F9BH=B7F95G9G5B8H9B5BHGDF9J=CIG@MCB 5@H9FB5H9F9BHF9J9FH=B;657?HC65G=7ACBH<@MF9BH -<9G9=B7F95G9GK9F9D5FH=5@@MC::G9H6M5B=B7F95G9=BF9BH5@9LD9BG9G F9@5H98HC:57=@=H=9GG9FJ=79G IH=@=H=9G9LD9BG9G5B8=BGIF5B799LD9BG9G  &I@H=:5A=@MDFCD9FHMCD9F5H=B;=B7CA9=B7F95G98 A=@@=CB:CFH<9M95F9B898979A69F 7CAD5F98HCH<9 M95F9B898979A69F DF=A5F=@M8I9HC5BCJ9F5@@=B7F95G9=B5J9F5;9C77ID5B7M5B8ACBH<@M65G9F9BHC: 5B8   F9GD97H=J9@M:CFH<9M95F9B898979A69F 7CAD5F98HC 5B8  F9GD97H=J9@M:CFH<9M95F9B898 979A69F  -<9G9=B7F95G9GK9F9D5FH=5@@MC::G9H6M<=;<9FIH=@=H=9G9LD9BG9G =BGIF5B799LD9BG9G5B8:57=@=H=9G 9LD9BG9G &=L98 IG9DFCD9FHMCD9F5H=B;=B7CA9897F95G98 A=@@=CB:CFH<9M95F9B898979A69F 7CAD5F98HCH<9M95F 9B898979A69F DF=A5F=@M8I9HC<=;<9FF9BH5@9LD9BG9GF9@5H98HCFCCA9LD9BG9G D9FGCBB9@7CGHG :57=@=H=9G9LD9BG9G 5B8F95@9GH5H9H5L9G -<9G9897F95G9GK9F9D5FH=5@@MC::G9H6M<=;<9FFCCAF9BH5@=B7CA95HH<9%8-329DF97=5H=CB5B85ACFH=N5H=CB9LD9BG9=B7F95G98 A=@@=CB CF HC A=@@=CB :CFH<9M95F9B898979A69F  7CAD5F98HC A=@@=CB:CFH<9M95F9B898979A69F  -<=GK5G8I9HCH<9 5779@9F5H=CBC:5GG9HGF9@5H98HC5H9B5BHJ575H=B;H<9=FGD57995F@M5H-CFF9M+9G9FJ95ADIG 88=H=CB5@@M H<9=B7F95G9K5G 5@GC8I9HCB9K6I=@8=B;=ADFCJ9A9BH5GG9HGK=H<(B9957<,HF99HD@5798=BHCCD9F5H=CBG5GC:I;IGH  5B8B9K H9B5BH=ADFCJ9A9BH5GG9HGD@5798=BHCG9FJ=795H%5#C@@5CAACBG5B8@5AC*I5FFM&5F?9H  28)6)78)<4)27)2)8"BH9F9GH9LD9BG9 B9H=B7F95G98 A=@@=CB CF HC A=@@=CB:CFH<9M95F9B898979A69F  7CAD5F98HC A=@@=CB:CFH<9M95F9B898979A69F  -<=G=B7F95G9K5GDF=A5F=@M8I9HCH<9=GGI5B79C: CIF ,9B=CF'CH9GCB,9DH9A69F  H<9A=@@=CB8F5KCBCIF+9JC@J9F%C5BCB#I@M  K<=7<K5G GI6G9EI9BH@MF9D5=8CB,9DH9A69F  5B8<=;<9F=BH9F9GHCBCIFA=@@=CBA9B8985B8+9GH5H98-9FA%C5B ;F99A9BH -<9G9=B7F95G9GK9F9D5FH=5@@MC::G9H6M5897F95G9=B=BH9F9GH9LD9BG9F9@5H98HCH<9A5HIF=HM5B8F9D5MA9BHC:CIF ,9F=9G'CH9GCB#I@M 5B8,9F=9G'CH9GCB979A69F   8,)62'31))8(H<9F=B7CA9 B9H=B7F95G98 A=@@=CB CF HCCH<9F=B7CA9 B9HC: A=@@=CB:CFH<9M95F 9B898979A69F 7CAD5F98HCCH<9F=B7CA9 B9HC: A=@@=CB:CFH<9M95F9B898979A69F  -<=G=B7F95G9 K5GDF=A5F=@M8I9HC5B=B7F95G9C: A=@@=CB=B=BH9F9GH5B8=BJ9GHA9BH=B7CA95HHF=6IH56@9HC5<=;<9FM=9@8CBCIF5J9F5;9 75G<65@5B79 88=H=CB5@@M H<9F9K5G5B=B7F95G9F9@5H98HCH<9@=H=;5H=CB=B7CA9C:5DDFCL=A5H9@M A=@@=CBF979=J98=B F9@5H=B;HC6I=@8=B;GD97=:=75H=CBG:CFCB9C:H<99L=GH=B;6I=@8=B;G5HCIFC::=79DFC>97H=B.B=J9FG=HM-CKB9BH9F,5B =9;C 7CAD5F98HCH<9@=H=;5H=CB=B7CA9C:5DDFCL=A5H9@M A=@@=CBF979=J98=BF9@5H98HC79FH5=B6I=@8=B;GMGH9AG5H CIF!5GG5@CCB=;6C:42?DD6ED)CFDE?4 "BH<=GU%=EI=8=HM5B85D=H5@+9GCIF79GC:A9F=75BGG9HG-FIGH "B7 VG97H=CB H<9H9FAH<9U7CAD5BMVF9:9FGCB@MHC A9F=75BGG9HG-FIGH "B7 CB5BIB7CBGC@=85H9865G=G 5B89L7@I89GH<9(D9F5H=B;)5FHB9FG<=D5B85@@CH<9FGI6G=8=5F=9G  -<97CAD5BMWG6IG=B9GG=GCD9F5H98DF=A5F=@MHIB7H=CBK=H<H<=GG97H=CBHCIB89FGH5B8H<9@=EI=8=HM5B875D=H5@F9GCIF79GC:H<97CAD5BMCB 57CBGC@=85H9865G=G5B8CF HF5BG57H=CBG =B7@I8=B;57EI=G=H=CBG 8=GDCG=H=CBG5B8F9:=B5B7=B;G 5B875B75IG97<5B;9G=B=HG@=B9C:6IG=B9GG 75D=H5@ GHFI7HIF95B88=GHF=6IH=CBDC@=7=9G -<97CAD5BM75IG9GH<9(D9F5H=B;)5FHB9FG<=DHC8=GHF=6IH9GI7<DCFH=CBC:=HG5J5=@56@9 75G<5GH<97CAD5BMA5M=B=HG8=G7F9H=CB89H9FA=B9 =BH<9A5BB9FDFCJ=898=BH<9(D9F5H=B;)5FHB9FG<=DWGD5FHB9FG<=D 5;F99A9BH -<9@=EI=8=HMC:H<97CAD5BM=G89D9B89BHCBH<9(D9F5H=B;)5FHB9FG<=DWG56=@=HMHCA5?9GI::=7=9BH8=GHF=6IH=CBGHCH<9 7CAD5BM -<9DF=A5FM75G<F9EI=F9A9BHC:H<97CAD5BM=G=HGD5MA9BHC:8=J=89B8GHC=HGGHC7?97HG  75D=H5@9LD9B8=HIF9G H9B5BH=ADFCJ9A9BHG5B8@95G=B;7CAA=GG=CBG -<97CAD5BMA5M:FCAH=A9HCH=A9G99?HCF9DIF7<5G9CFF9899AH<9(D9F5H=B;)5FHB9FG<=DWGCIHGH5B8=B;896H H<9 7CAD5BMWGG<5F9GC:7CAACBGHC7?CFCH<9FG97IF=H=9G=BCD9BA5F?9HDIF7<5G9G DF=J5H9@MB9;CH=5H98HF5BG57H=CBGCFCH<9FK=G9  ,I7<F9DIF7<5G9GCFF989ADH=CBG =:5BM K=@@89D9B8CBDF9J5=@=B;A5F?9H7CB8=H=CBG CIF@=EI=8=HMF9EI=F9A9BHG 7CBHF57HI5@ F9GHF=7H=CBG5B8CH<9F:57HCFG -<95ACIBHG=BJC@J98A5M69A5H9F=5@ CFH<97CAD5BMHCA5=BH5=B=HGEI5@=:=75H=CB5G5+"- =HAIGHD5M8=J=89B8GHC=HGGHC7?6C:42?DD6ED)CFDE! % "BH<=GU%=EI=8=HM5B85D=H5@+9GCIF79GC:A9F=75BGG9HG-FIGH % ) VG97H=CB H<9H9FAGUK9 VUCIFV5B8UIGVF9:9FHC H<9(D9F5H=B;)5FHB9FG<=DHC;9H<9FK=H<=HG7CBGC@=85H98GI6G=8=5F=9G CFH<9(D9F5H=B;)5FHB9FG<=D5B8A9F=75BGG9HG-FIGH  "B7 HC;9H<9FK=H<H<9=F7CBGC@=85H98GI6G=8=5F=9G 5GH<97CBH9LHF9EI=F9G A9F=75BGG9HG-FIGH "B7 =GCIFGC@9;9B9F5@D5FHB9F 5B87CBGC@=85H9GCIFF9GI@HGC:CD9F5H=CBG:CF:=B5B7=5@F9DCFH=B;DIFDCG9G 975IG9K9CD9F5H9CB57CBGC@=85H9865G=GK=H< A9F=75BGG9HG-FIGH "B7 H<9G97H=CB9BH=H@98U%=EI=8=HM5B85D=H5@+9GCIF79GC:A9F=75BGG9HG-FIGH "B7 VGIB7H=CBK=H<H<=GG97H=CBHCIB89FGH5B8CIF@=EI=8=HM5B875D=H5@F9GCIF79GCB57CBGC@=85H9865G=G I9HCH<9B5HIF9C:CIF6IG=B9GG K9HMD=75@@M;9B9F5H9G=;B=:=75BH5ACIBHGC:75G<:FCACD9F5H=CBG -<975G<;9B9F5H98 :FCACD9F5H=CBG=GIG98:CFH<9D5MA9BHC:CD9F5H=B;9LD9BG9G 75D=H5@9LD9B8=HIF9G 896HG9FJ=795B88=J=89B8GHCA9F=75B GG9HG-FIGH "B7 GGHC7?97HG5GK9@@5G@=A=H :IHIF957EI=G=H=CBG F98I79CIFCD9F5H=B;9LD9B8=HIF9G CFF9 9J5@I5H9CIF8=J=89B8DC@=7M (IFCJ9F5@@75D=H5@F9EI=F9A9BHGK=@@89D9B8IDCB57EI=G=H=CBCDDCFHIB=H=9G H<9@9J9@C:=ADFCJ9A9BHG5B8 F989J9@CDA9BHGCB9L=GH=B;DFCD9FH=9G5B8H<9H=A=B;5B87CGHC:89J9@CDA9BHG (IF75D=H5@=BJ9GHA9BHGK=@@69:IB898CB5 G6?ED3J%6C:@5 @?EC24EF2=$3=:82E:@?D )@E2= ,:E9:? .62C .62CD .62CD .62CD .62CD "@C6E92? .62CD )F=B7=D5@D5MA9BHGCB@CB; H9FA =B896H98B9GG        T    T      "BH9F9GHD5MA9BHG                      (D9F5H=B;@95G9                      -9B5BH F9@5H987CAA=HA9BHG               T  T CBGHFI7H=CB F9@5H987CAA=HA9BHG        T  T  T  T  T )@E2=                     -9FA%C5B -9FA%C5B5B8,9F=9G'CH9G HCH5@=B;A=@@=CB=BH<95;;F9;5H9 K9F9F9D5=8=B:I@@K=H6?ED 097IFF9BH@M8CBCH<5J95BMC:: 65@5B79G<99H5FF5B;9A9BHG 2D9=@HD 314%6-7323*8,)=)%6)2()()')1&)6   838,)=)%6)2()()')1&)6   -CH5@75G< 75G<9EI=J5@9BHG 5B8F9GHF=7H9875G<K9F9 A=@@=CB5B8 A=@@=CB5H979A69F 5B8  F9GD97H=J9@M '9H75G<DFCJ=8986MCD9F5H=B;57H=J=H=9G=B7F95G98  A=@@=CBHC A=@@=CB:CFH<9M95F9B898979A69F   7CAD5F98HC A=@@=CB:CFH<9M95F9B898979A69F  -<9=B7F95G9=B75G<:FCACD9F5H=CBGK5GDF=A5F=@M 8I9HCH<9B9HG9HH@9A9BHF979=J98F9@5H=B;HCH<96I=@8=B;GD97=:=75H=CBG:CFCB9C:H<99L=GH=B;6I=@8=B;G5HCIFC::=79DFC>97H=B .B=J9FG=HM-CKB9BH9F,5B=9;C 5B=B7F95G9=B@95G9H9FA=B5H=CB:99G5B8F9BH5@F9J9BI95B87<5B;9G=BCD9F5H=B;5GG9HG 5B8@=56=@=H=9G '9H75G<IG98=B=BJ9GH=B;57H=J=H=9G897F95G98  A=@@=CBHC A=@@=CB:CFH<9M95F9B898979A69F   7CAD5F98HC A=@@=CB:CFH<9M95F9B898979A69F  -<9897F95G9=B75G<IG98K5GDF=A5F=@M8I9HCH<9897F95G9 =B75D=H5@9LD9B8=HIF9G5H%5#C@@5CAACBG"""5B8(B9957<,HF99H5GH<9G9DFC>97HG<5J97CAD@9H987CBGHFI7H=CB C::G9H6M 5B=B7F95G9=BH9B5BH=ADFCJ9A9BH9LD9B8=HIF9GF9@5H98HCB9KC::=795B8F9H5=@@95G=B;57H=J=HM  '9H75G< DFCJ=8986M:=B5B7=B;57H=J=H=9G=B7F95G98  A=@@=CBHC A=@@=CB:CFH<9M95F9B898979A69F   7CAD5F98HCB9H75G<IG986M:=B5B7=B;57H=J=H=9GC: A=@@=CB:CFH<9M95F9B898979A69F  -<9=B7F95G9 =B75G<DFCJ=898=B:=B5B7=B;57H=J=H=9GK5GDF=A5F=@M8I9HCH<9DFC7998GF979=J98:FCAH<9=GGI5B79C:H<9 ,9B=CF 'CH9G D5FH=5@@MC::G9H6MH<9F9D5MA9BHC:H<9H<9B CIHGH5B8=B;A=@@=CBCBCIF+9JC@J9F%C5B5B8F9D5MA9BH=B9BH=F9HM C:CIF,9F=9G'CH9GCB979A69F  -<9A=@@=CB8F5KCBCIF+9JC@J9F%C5BK5GIG98HCF9D5MH<99BH=F9HMC:CIF ,9F=9G'CH9GIDCBH<9=FA5HIF=HMCB#I@M  #6E$A6C2E:?8?4@>6 '9H(D9F5H=B;"B7CA9 CF'(" =G5BCB ):=B5B7=5@A95GIF9C:D9F:CFA5B79 0989:=B9'("5GCD9F5H=B;F9J9BI9G F9BH5@=B7CA9 H9B5BHF9=A6IFG9A9BHG @95G9H9FA=B5H=CB:99G ;FCIB8@95G9F9BH5@=B7CA95B8CH<9FDFCD9FHM=B7CA9@9GG DFCD9FHM5B8F9@5H989LD9BG9GDFCD9FHM9LD9BG9G ;FCIB8@95G99LD9BG9G DFCD9FHMA5F?9H=B;7CGHG F95@9GH5H9H5L9G5B8 =BGIF5B79 '("9L7@I89G;9B9F5@5B858A=B=GHF5H=J99LD9BG9G =BH9F9GH9LD9BG9 89DF97=5H=CB5B85ACFH=N5H=CB 57EI=G=H=CB F9@5H989LD9BG9 CH<9FBCB DFCD9FHM=B7CA95B8@CGG9G ;5=BG5B8@CGG9G:FCADFCD9FHM8=GDCG=H=CBG 9LHF5CF8=B5FM=H9AG H9B5BH =ADFCJ9A9BHG5B8@95G=B;7CAA=GG=CBG (H<9F+"-GA5MIG98=::9F9BHA9HIB7H=CBK=H<B9H=B7CA97CADIH98=B577CF85B79K=H< )5B88=G7IGG=CBG9@G9K<9F9=BU&5B5;9A9BHG=G7IGG=CB5B8 B5@MG=GC:=B5B7=5@CB8=H=CB5B8+9GI@HGC:(D9F5H=CBGVF9;5F8=B;H<97CADCB9BHGC:B9H=B7CA9H<5H5F99@=A=B5H98=BH<9 75@7I@5H=CBC:'(" (H<9F7CAD5B=9GA5MIG98=::9F9BHA9H36C    '9HCD9F5H=B;=B7CA9          9B9F5@5B858A=B=GHF5H=J9          9DF97=5H=CB5B85ACFH=N5H=CB          "BH9F9GH9LD9BG9 B9H          (H<9F=B7CA99LD9BG9 B9H         #6E:?4@>6          F?5D7C@>$A6C2E:@?D 09DF9G9BH(6975IG9K97CBG=89F(5B=ADCFH5BHGIDD@9A9BH5@A95GIF9C:CIFCD9F5H=B;D9F:CFA5B795B869@=9J9 =H=G:F9EI9BH@MIG986MG97IF=H=9G5B5@MGHG =BJ9GHCFG5B8CH<9F=BH9F9GH98D5FH=9G=BH<99J5@I5H=CBC:+"-G A5BMC:K<=7< DF9G9BH(K<9BF9DCFH=B;H<9=FF9GI@HG 0975@7I@5H9(=B577CF85B79K=H<H<9GH5B85F8G9GH56@=G<986MH<9'5H=CB5@ GGC7=5H=CBC:+95@GH5H9"BJ9GHA9BH-FIGHG CF'+"- (F9DF9G9BHGB9H=B7CA9@CGG7CADIH98=B577CF85B79K=H< ) 9L7@I8=B;;5=BGCF@CGG9G:FCAG5@9GC:89DF97=56@9CD9F5H=B;DFCD9FHM =AD5=FA9BH@CGG9G F95@9GH5H9F9@5H98 89DF97=5H=CB5B85ACFH=N5H=CB9L7@I8=B;5ACFH=N5H=CBC:89:9FF98:=B5B7=B;7CGHG5B85:H9F58>IGHA9BHG:CFIB7CBGC@=85H98 D5FHB9FG<=DG5B8>C=BHJ9BHIF9G   (=G5GIDD@9A9BH5@BCB ):=B5B7=5@A95GIF9 &5B5;9A9BHIG9G(5G5GIDD@9A9BH5@D9F:CFA5B79A95GIF9 6975IG9=H69@=9J9GH<5H(=G69B9:=7=5@HC=BJ9GHCFG5G5GH5FH=B;DC=BH=BA95GIF=B;CIFCD9F5H=CB5@D9F:CFA5B79 ,D97=:=75@@M  =B9L7@I8=B;F95@9GH5H9F9@5H9889DF97=5H=CB5B85ACFH=N5H=CB5B8;5=BG5B8@CGG9G:FCADFCD9FHM8=GDCG=H=CBG K<=7<8CBCH F9@5H9HCCF5F9BCH=B8=75H=J9C:CD9F5H=B;D9F:CFA5B79 (DFCJ=89G5D9F:CFA5B79A95GIF9H<5H K<9B7CAD5F98M95FCJ9F M95F 75DHIF9GHF9B8G=BC77ID5B7MF5H9G F9BH5@F5H9G5B8CD9F5H=B;7CGHG 095@GC69@=9J9H<5H 5G5K=89@MF97C;B=N98A95GIF9 C:H<9D9F:CFA5B79C:+"-G (K=@@69IG986M=BJ9GHCFG5G565G=GHC7CAD5F9CIFCD9F5H=B;D9F:CFA5B79K=H<H<5HC:CH<9F +"-G !CK9J9F 6975IG9(9L7@I89G89DF97=5H=CB5B85ACFH=N5H=CB5B875DHIF9GB9=H<9FH<97<5B;9G=BH<9J5@I9C:CIF DFCD9FH=9GH<5HF9GI@H:FCAIG9CFA5F?9H7CB8=H=CBGBCFH<9@9J9@C:75D=H5@9LD9B8=HIF9G5B8@95G=B;7CAA=GG=CBGB979GG5FMHC A5=BH5=BH<9CD9F5H=B;D9F:CFA5B79C:CIFDFCD9FH=9G 5@@C:K<=7<<5J9F95@97CBCA=79::97HG5B87CI@8A5H9F=5@@M=AD57HCIF F9GI@HG:FCACD9F5H=CBG H<9IH=@=HMC:(5G5A95GIF9C:CIFD9F:CFA5B79=G@=A=H98 "B588=H=CB CH<9F9EI=HM+"-GA5MBCH 75@7I@5H9(=B577CF85B79K=H<H<9'+"-89:=B=H=CB5GK98C 5B8 577CF8=B;@M CIF(A5MBCH697CAD5F56@9HCGI7< CH<9F+"-G( 77CF8=B;@M (G36C    '9H=B7CA9          )@IG+95@9GH5H989DF97=5H=CB5B85ACFH=N5H=CB          IB8G:FCACD9F5H=CBG 5G89:=B986M'+"-          %9GG'CB:CF:9=H56@98=J=89B8GCBF9GHF=7H98GHC7?5K5F8G       (5HHF=6IH56@9HC7CAACBGHC7?5B8IB=HG          (D9F8=@IH98G<5F9 IB=H          09=;97HHCH=A9J9GH=B; 5GH<9J9GH=B;C:H<9F9GHF=7H98GHC7?5K5F8G=G8=@IH=J9=BH<97CADIH5H=CBC:(D9F8=@IH98 G<5F9G 6IH=G5BH= 8=@IH=J9:CFH<97CADIH5H=CBC:8=@IH98),:CFH<9D9F=C8G =@IH98G<5F9G9L7@I89=B79BH=J9F9GHF=7H98GHC7?5GH<9G95K5F8G5F9 7CBG=89F987CBH=B;9BH@M=GGI56@9  ?7=2E:@? ,I6GH5BH=5@@M5@@C:CIFC::=795B8F9H5=@@95G9GDFCJ=89:CFG9D5F5H9F95@9GH5H9H5L5B8CD9F5H=B;9LD9BG99G75@5H=CBG "B 588=H=CB A5BMC:H<9@95G9GDFCJ=89:CF:=L9865G9F9BH=B7F95G9G 0969@=9J9H<5H=B:@5H=CB5FM=B7F95G9GA5M695H@95GH D5FH=5@@MC::G9H6MH<97CBHF57HI5@F9BH=B7F95G9G5B89LD9BG99G75@5H=CBG89G7F=69856CJ9 "B588=H=CB CIFAI@H=:5A=@M@95G9G CH<9FH<5B5HCIF+/F9GCFHK<9F9GD579G75B69F9BH985H585=@M K99?@MCFACBH<@MF5H9;9B9F5@@M<5J9@95G9H9FAGF5B;=B; :FCAG9J9BHCACBHCF=HM<5J=B; ACBH<@95G9H9FAG 5B8;9B9F5@@M5@@CK:CFF9BH58>IGHA9BHG5HH<9H=A9C: F9B9K5@ K<=7<K969@=9J9F98I79GCIF9LDCGIF9HCH<99::97HGC:=B:@5H=CB CFH<9IGHFCCAF5H9G85=@MHCF9:@97HH<99::97HGC:=B:@5H=CB !CK9J9F 7CAD9H=H=J9DF9GGIF9GA5M@=A=HCIF 56=@=HMHCF5=G9FCCAF5H9G )" &*#)))+#&*!))+(!$(*'($*)"' )'( (IF:IHIF9=B7CA9 75G<:@CKG5B8:5=FJ5@I9GF9@9J5BHHC:=B5B7=5@=BGHFIA9BHG5F989D9B89BHIDCBDF9J5@9BHA5F?9H =BH9F9GHF5H9G &5F?9HF=G?F9:9FGHCH<9F=G?C:@CGG:FCA58J9FG97<5B;9G=BA5F?9HDF=79G5B8=BH9F9GHF5H9G  09A5M9BH9F=BHC79FH5=BHMD9GC:89F=J5H=J9:=B5B7=5@=BGHFIA9BHGHC:IFH<9FF98I79=BH9F9GHF5H9F=G? 09IG9=BH9F9GHF5H9 GK5D5;F99A9BHG :CF9L5AD@9 HC7CBJ9FHGCA9C:CIFJ5F=56@9F5H9896HHC5:=L98 F5H965G=GCFHC<98;95BH=7=D5H98:=B5B7=B; HF5BG57H=CBG 09IG989F=J5H=J9G:CF<98;=B;DIFDCG9GF5H<9FH<5BGD97I@5H=CB5B88CBCH9BH9F=BHC:=B5B7=5@=BGHFIA9BHG:CF HF58=B;DIFDCG9G ,99H<98=G7IGG=CBIB89F'CH9 U9F=J5H=J95B8!98;=B;7H=J=H=9G VHCH<9577CAD5BM=B;7CBGC@=85H98 :=B5B7=5@GH5H9A9BHG:CF79FH5=BEI5BH=H5H=J989H5=@GF9@5H98HCH<9=BH9F9GHF5H9GK5DG  ?E6C6DE'2E6':D< 9878%2(-2+)&8 -<9:C@@CK=B;8=G7IGG9GH<99::97HC:I8;A9BH=GB979GG5FMHC9GH=A5H9H<9:5=FJ5@I9C::=B5B7=5@=BGHFIA9BHG -<=G5B5@MG=G8C9GBCHDIFDCFHHCH5?9=BHC577CIBH5@@ C:H<9:57HCFGH<5HA5M5::97HCIF896H GI7<5GH<99::97HH<5H57<5B;=B;=BH9F9GHF5H99BJ=FCBA9BH7CI@8<5J9CBH<9CJ9F5@@ @9J9@C:97CBCA=757H=J=HMCFH<957H=CBH<5HCIFA5B5;9A9BHA=;97HHC=BH9F9GHF5H9 GK5DG5G89G7F=69856CJ9 09<5J9<=GHCF=75@@M9BH9F98=BHC:CFK5F8GH5FH=B;=BH9F9GHF5H9GK5DG=BCF89FHC97CBCA=75@@M<98;9 5;5=BGHH<9F=G?C:F=G=B;=BH9F9GHF5H9GH<5HKCI@85::97HCIF=BH9F9GH9LD9BG9F9@5H98HCCIF:IHIF95BH=7=D5H98896H=GGI5B79G5G D5FHC:CIFCJ9F5@@6CFFCK=B;DFC;F5A ,99H<98=G7IGG=CBIB89F'CH9HCH<9577CAD5BM=B;7CBGC@=85H98:=B5B7=5@GH5H9A9BHG :CF89H5=@GF9@5H98HCH<9=BH9F9GHF5H9GK5DG5B8:CF58=G7IGG=CBCB6C:42?DD6ED)CFDE?4  :%09%8-323*-7'03796)3286307%2(63')(96)7 A9F=75BGG9HG-FIGH "B7 A5=BH5=BG8=G7@CGIF97CBHFC@G5B8DFC798IF9G5G89:=B98=B+I@95 9CF+I@98 9 IB89FH<9L7<5B;97HH<5H5F989G=;B98HC9BGIF9H<5H=B:CFA5H=CBF9EI=F98HC698=G7@CG98=B=HGL7<5B;97HF9DCFHG=G F97CF898 DFC79GG98 GIAA5F=N985B8F9DCFH98K=H<=BH<9H=A9D9F=C8GGD97=:=98=BH<9,WGFI@9G5B8:CFAG 5B8H<5HGI7< =B:CFA5H=CB=G577IAI@5H985B87CAAIB=75H98HC=HGA5B5;9A9BH =B7@I8=B;=HG<=9:L97IH=J9(::=79F5B8<=9:=B5B7=5@ (::=79F 5G5DDFCDF=5H9 HC5@@CK:CFH=A9@M897=G=CBGF9;5F8=B;F9EI=F988=G7@CGIF9 "B89G=;B=B;5B89J5@I5H=B;H<98=G7@CGIF9 7CBHFC@G5B8DFC798IF9G A5B5;9A9BHF97C;B=N9GH<5H5BM7CBHFC@G5B8DFC798IF9G BCA5HH9F97H=J9G 5B8A5B5;9A9BH=GF9EI=F98HC5DD@M=HG >I8;A9BH=B9J5@I5H=B;H<97CGH 69B9:=HF9@5H=CBG<=DC:DCGG=6@97CBHFC@G5B8DFC798IF9G   GF9EI=F986M+I@95 6IB89FH<9L7<5B;97H A9F=75BGG9HG-FIGH "B7 75FF=98CIH5B9J5@I5H=CB IB89FH<9 GID9FJ=G=CB5B8K=H<H<9D5FH=7=D5H=CBC:=HGA5B5;9A9BH =B7@I8=B;=HG<=9:L97IH=J9(::=79F5B8<=9:=B5B7=5@(::=79F C: H<99::97H=J9B9GGC:H<989G=;B5B8CD9F5H=CBC:=HG8=G7@CGIF97CBHFC@G5B8DFC798IF9G 5G98CBH<9:CF9;C=B; A9F=75BGG9HG -FIGH "B7 WG<=9:L97IH=J9(::=79F5B8<=9:=B5B7=5@(::=79F7CB7@I898H<5H 5GC:H<99B8C:H<9D9F=C87CJ9F986MH<=G F9DCFH A9F=75BGG9HG-FIGH "B7 WG8=G7@CGIF97CBHFC@G5B8DFC798IF9GK9F99::97H=J95B8K9F9CD9F5H=B;5H5F95GCB56@9 5GGIF5B79@9J9@ %2%+)1)28B7)43683228)62%03286303:)6-2%2'-%0)4368-2+ "BH9FB5@7CBHFC@CJ9F:=B5B7=5@F9DCFH=B;F9:9FGHCH<9DFC79GG89G=;B986M CFIB89FH<9GID9FJ=G=CBC: A9F=75BGG9HG -FIGH "B7 WG<=9:L97IH=J9(::=79F5B8<=9:=B5B7=5@(::=79F 5B89::97H986MA9F=75BGG9HG-FIGH "B7 WG6C5F8C: 8=F97HCFG A5B5;9A9BH5B8CH<9FD9FGCBB9@ HCDFCJ=89F95GCB56@95GGIF5B79F9;5F8=B;H<9F9@=56=@=HMC::=B5B7=5@F9DCFH=B;5B8 H<9DF9D5F5H=CBC::=B5B7=5@GH5H9A9BHG:CF9LH9FB5@DIFDCG9G=B577CF85B79K=H< ) 5B8=B7@I89GH97H=J9G 6975IG9C:=HG=B<9F9BH@=A=H5H=CBG "BH9FB5@7CBHFC@CJ9F:=B5B7=5@F9DCFH=B;=G5DFC79GGH<5H=BJC@J9G97HHC@5DG9G=B>I8;A9BH5B86F95?8CKBGF9GI@H=B;:FCA6C:42?DD6ED)CFDE! %  :%09%8-323*-7'03796)3286307%2(63')(96)7 -<9(D9F5H=B;)5FHB9FG<=DA5=BH5=BG8=G7@CGIF97CBHFC@G5B8DFC798IF9G5G89:=B98=B+I@95 9CF+I@98 9 IB89FH<9L7<5B;97HH<5H5F989G=;B98HC9BGIF9H<5H=B:CFA5H=CBF9EI=F98HC698=G7@CG98=B=HGL7<5B;97HF9DCFHG=G F97CF898 DFC79GG98 GIAA5F=N985B8F9DCFH98K=H<=BH<9H=A9D9F=C8GGD97=:=98=BH<9,WGFI@9G5B8:CFAG 5B8H<5HGI7< =B:CFA5H=CB=G577IAI@5H985B87CAAIB=75H98HCA5B5;9A9BH =B7@I8=B;H<9<=9:L97IH=J9(::=79F5B8<=9:=B5B7=5@ (::=79FC:=HG;9B9F5@D5FHB9F 5G5DDFCDF=5H9 HC5@@CK:CFH=A9@M897=G=CBGF9;5F8=B;F9EI=F988=G7@CGIF9 "B89G=;B=B;5B8 9J5@I5H=B;H<98=G7@CGIF97CBHFC@G5B8DFC798IF9G A5B5;9A9BHF97C;B=N9GH<5H5BM7CBHFC@G5B8DFC798IF9G BCA5HH9F97H=J9G 5B8A5B5;9A9BH =GF9EI=F98HC5DD@M=HG>I8;A9BH=B9J5@I5H=B;H<97CGH 69B9:=HF9@5H=CBG<=DC:DCGG=6@97CBHFC@G5B8DFC798IF9G  GF9EI=F986M+I@95 6IB89FH<9L7<5B;97H H<9(D9F5H=B;)5FHB9FG<=D75FF=98CIH5B9J5@I5H=CB IB89FH<9 GID9FJ=G=CB5B8K=H<H<9D5FH=7=D5H=CBC:A5B5;9A9BH =B7@I8=B;H<9<=9:L97IH=J9(::=79F5B8<=9:=B5B7=5@(::=79FC:=HG ;9B9F5@D5FHB9F C:H<99::97H=J9B9GGC:H<989G=;B5B8CD9F5H=CBC:H<9(D9F5H=B;)5FHB9FG<=DWG8=G7@CGIF97CBHFC@G5B8 DFC798IF9G 5G98CBH<9:CF9;C=B; H<9<=9:L97IH=J9(::=79F5B8<=9:=B5B7=5@(::=79FC:H<9(D9F5H=B;)5FHB9FG<=DG  ;9B9F5@D5FHB9F7CB7@I898H<5H 5GC:H<99B8C:H<9D9F=C87CJ9F986MH<=GF9DCFH H<9(D9F5H=B;)5FHB9FG<=DWG8=G7@CGIF9 7CBHFC@G5B8DFC798IF9GK9F99::97H=J95B8K9F9CD9F5H=B;5H5F95GCB56@95GGIF5B79@9J9@ %2%+)1)28B7)43683228)62%03286303:)6-2%2'-%0)4368-2+ "BH9FB5@7CBHFC@CJ9F:=B5B7=5@F9DCFH=B;F9:9FGHCH<9DFC79GG89G=;B986M CFIB89FH<9GID9FJ=G=CBC: H<9<=9:L97IH=J9 (::=79F5B8<=9:=B5B7=5@(::=79FC:H<9(D9F5H=B;)5FHB9FG<=DG;9B9F5@D5FHB9F5B89::97H986MH<9;9B9F5@D5FHB9FG6C5F8C: 8=F97HCFG A5B5;9A9BH5B8CH<9FD9FGCBB9@ HCDFCJ=89F95GCB56@95GGIF5B79F9;5F8=B;H<9F9@=56=@=HMC::=B5B7=5@F9DCFH=B;5B8 H<9DF9D5F5H=CBC::=B5B7=5@GH5H9A9BHG:CF9LH9FB5@DIFDCG9G=B577CF85B79K=H< ) 5B8=B7@I89GH97H=J9G 6975IG9C:=HG=B<9F9BH@=A=H5H=CBG "BH9FB5@7CBHFC@CJ9F:=B5B7=5@F9DCFH=B;=G5DFC79GGH<5H=BJC@J9G97HHC@5DG9G=B>I8;A9BH5B86F95?8CKBGF9GI@H=B;:FCA6?ED  (IF7CBGC@=85H98:=B5B7=5@GH5H9A9BHG5B8BCH9GH<9F9HC HC;9H<9FK=H<+9DCFHC:"B89D9B89BH+9;=GH9F98 )I6@=777CIBH=B;=FA5F9=B7@I8985G5G9D5F5H9G97H=CBC:H<=G5BBI5@F9DCFHCBCFA $7CAA9B7=B;CBD5;9     :?2?4:2=(E2E6>6?E(4965F=6  (IF:=B5B7=5@GH5H9A9BHG7<98I@9=G=B7@I898=B5G9D5F5H9G97H=CBC:H<=G5BBI5@F9DCFHCBCFA $ 7CAA9B7=B;CBD5;9   I9:3:ED  @=GHC:9L<=6=HGHCH<=G5BBI5@F9DCFHCBCFA $=GG9H:CFH<CBH<9L<=6=H"B89L=AA98=5H9@MDF9798=B; GI7<9L<=6=HG5B8=G=B7CFDCF5H98<9F9=B6MF9:9F9B79 3,99L<=6=H"B89L 4'CHDD@=756@9  -)#-    FH=7@9GC:A9B8A9BH5B8+9GH5H9A9BHC:A9F=75BGG9HG-FIGH "B7   A9B8985B8+9GH5H98M@5KGC:A9F=75BGG9HG-FIGH "B7   9FH=:=75H9C:%=A=H98)5FHB9FG<=DC:A9F=75BGG9HG-FIGH % )   CFAC:9FH=:=75H9C:CAACB,HC7?C:A9F=75BGG9HG-FIGH "B7   "B89BHIF9 85H98#5BI5FM  6M5B85ACB;A9F=75BGG9HG-FIGH % ) 5G=GGI9F A9F=75BGG9HG-FIGH  "B7 5G;I5F5BHCF 5B8. , 5B?'5H=CB5@GGC7=5H=CB 5GHFIGH99   (::=79FGW9FH=:=75H9 85H98,9DH9A69F  DIFGI5BHHC,97H=CBG  5B8C:H<9"B89BHIF9  85H985GC:#5BI5FM  5ACB;A9F=75BGG9HG-FIGH % ) 5G=GGI9F A9F=75BGG9HG-FIGH "B7 5G ;I5F5BHCF 5B8. , 5B?-FIGHCAD5BM '5H=CB5@GGC7=5H=CB 5GGI779GGCF=B=BH9F9GHHC. , 5B?'5H=CB5@ GGC7=5H=CB 5GHFIGH99 9GH56@=G<=B;5G9F=9GC:G97IF=H=9G9BH=H@98U ,9B=CF'CH9G8I9 V=B7@I8=B;H<9 :CFAC: ,9B=CF'CH98I95B8H<9:CFAC:F9@5H98;I5F5BH99   9G7F=DH=CBC:,97IF=H=9G   A9B8985B8+9GH5H98;F99A9BHC:%=A=H98)5FHB9FG<=DC:A9F=75BGG9HG-FIGH % ) 85H98#5BI5FM    +9;=GHF5H=CB+=;2?5E6> 2 2?5  ?56IE@@?D@=:52E65:?2?4:2=(E2E6>6?ED2?5(4965F=6  +9DCFHGC:"B89D9B89BH+9;=GH9F98)I6@=777CIBH=B;=FA)("   >6C:42?DD6ED)CFDE?4 CBGC@=85H985@5B79,<99HG5GC:979A69F 5B8   CBGC@=85H98,H5H9A9BHGC:CADF9<9BG=J9"B7CA9:CFH<9M95FG9B898979A69F   5B8   CBGC@=85H98,H5H9A9BHGC:EI=HM:CFH<9M95FG9B898979A69F   5B8   CBGC@=85H98,H5H9A9BHGC:5G<@CKG:CFH<9M95FG9B898979A69F   5B8   >6C:42?DD6ED)CFDE! % CBGC@=85H985@5B79,<99HG5GC:979A69F 5B8   CBGC@=85H98,H5H9A9BHGC:CADF9<9BG=J9"B7CA9:CFH<9M95FG9B898979A69F   5B8   CBGC@=85H98,H5H9A9BHGC:)5FHB9FG5D=H5@:CFH<9M95FG9B898979A69F   5B8   CBGC@=85H98,H5H9A9BHGC:5G<@CKG:CFH<9M95FG9B898979A69F   5B8   'CH9GHCCBGC@=85H98=B5B7=5@,H5H9A9BHGC:A9F=75BGG9HG-FIGH "B7 5B8A9F=75BGG9HG-FIGH % )   ,7<98I@9"""TCBGC@=85H98+95@GH5H95B877IAI@5H989DF97=5H=CB     '6A@CE@7?56A6?56?E'68:DE6C65%F3=:444@F?E:?8:C> -CH<9,HC7?6?ED 09<5J95I8=H98H<9577CAD5BM=B;7CBGC@=85H9865@5B79G<99HGC:A9F=75BGG9HG-FIGH "B7 H<9CAD5BM5GC:979A69F  5B8 H<9F9@5H987CBGC@=85H98GH5H9A9BHGC:7CADF9<9BG=J9=B7CA9 9EI=HM 5B875G<:@CKG:CF957<C:H<9H97H=J9CF7CAD@9L>I8;A9BHG -<9 7CAAIB=75H=CBC:H<97F=H=75@5I8=HA5HH9F8C9GBCH5@H9F=B5BMK5MCIFCD=B=CBCBH<97CBGC@=85H98:=B5B7=5@GH5H9A9BHG H5?9B 5G5K97H=J95I8=HCF>I8;A9BHB979GG5FM=B9J5@I5H=B;A5B5;9A9BHWG=89BH=:=75H=CBC:=B8=75HCFGC: DCH9BH=5@=AD5=FA9BH5B8H<9F9@5H985GG9GGA9BHC:H<9G9J9F=HMC:GI7<=B8=75HCFG=B89H9FA=B=B;K<9H<9F 5HF=;;9F=B;9J9BH<5GC77IFF98H<5HF9EI=F9GH<9CAD5BMHC9J5@I5H9H<9F97CJ9F56=@=HMC:H<95GG9H 3;#) ((6)77)(8,) %88)6-296 9(-8 09C6H5=B985BIB89FGH5B8=B; 9J5@I5H98H<989G=;B5B8H9GH98H<9CD9F5H=B;9::97H=J9B9GGC:7CBHFC@G CJ9FH<9CAD5BMWGDFCD9FHM=AD5=FA9BHF9J=9KDFC79GG CF9L5AD@9 K9H9GH987CBHFC@GCJ9F A5B5;9A9BHWGDFC79GG:CF=89BH=:M=B;5B89J5@I5H=B;DCH9BH=5@=AD5=FA9BH=B8=75HCFG (IFH9GH=B;C:H<9CAD5BMWG=AD5=FA9BH5GG9GGA9BH=B7@I898 5ACB;CH<9FDFC798IF9G 9J5@I5H=B; G=;B=:=75BH>I8;A9BHG5DD@=98=B89H9FA=B=B;K<9H<9F=B8=75HCFGC:=AD5=FA9BHK9F9DF9G9BH5H5BM;=J9B DFCD9FHM6MC6H5=B=B;9J=89B79HC7CFFC6CF5H9GI7<>I8;A9BHG5B8G95F7<=B;:CF9J=89B797CBHF5FMHC GI7<>I8;A9BHG CF9L5AD@9 K9G95F7<98:CFH9B5BHGCF;FCIDGC:H9B5BHGK=H<@5F;9F9G9FJ9865@5B79G CFID7CA=B;@95G99LD=F5H=CBGH<5HC77IDM5GI6GH5BH=5@DCFH=CBC:5BMD5FH=7I@5FDFCD9FHM5B8G95F7<98 :CFG=;B=:=75BH897@=B9G=BCD9F5H=B;F9GI@HGC:5BMD5FH=7I@5FDFCD9FHM8I9HCC77ID5B7M7<5B;9G H9B5BH 65B?FIDH7=9G 9BJ=FCBA9BH5@=GGI9G 58J9FG97<5B;9G=B@9;5@:57HCFGCFB5HIF5@8=G5GH9FG G FBGH2CIB;%%) 09<5J9G9FJ985GH<9CAD5BMWG5I8=HCFG=B79 ,5B=9;C 5@=:CFB=5 96FI5FM    '6A@CE@7?56A6?56?E'68:DE6C65%F3=:444@F?E:?8:C> -CH<9,HC7?:E2E:@?D@7?E6C?2=@?EC@=$G6C:?2?4:2='6A@CE:?8 7CAD5BMWG=BH9FB5@7CBHFC@CJ9F:=B5B7=5@F9DCFH=B;=G5DFC79GG89G=;B98HCDFCJ=89F95GCB56@95GGIF5B79F9;5F8=B;H<9 F9@=56=@=HMC::=B5B7=5@F9DCFH=B;5B8H<9DF9D5F5H=CBC::=B5B7=5@GH5H9A9BHG:CF9LH9FB5@DIFDCG9G=B577CF85B79K=H<;9B9F5@@M 5779DH98577CIBH=B;DF=B7=D@9G 7CAD5BMWG=BH9FB5@7CBHFC@CJ9F:=B5B7=5@F9DCFH=B;=B7@I89GH97H=CBGC:5BM9J5@I5H=CBC:9::97H=J9B9GGHC:IHIF9D9F=C8G5F9GI6>97HHCH<9F=G?H<5H7CBHFC@GA5M697CA9=B589EI5H9 6975IG9C:7<5B;9G=B7CB8=H=CBG CFH<5HH<989;F99C:7CAD@=5B79K=H<H<9DC@=7=9GCFDFC798IF9GA5M89H9F=CF5H9  G FBGH2CIB;%%) ,5B=9;C 5@=:CFB=5 96FI5FM    '6A@CE@7?56A6?56?E'68:DE6C65%F3=:444@F?E:?8:C> -CH<9)5FHB9FGC:A9F=75BGG9HG-FIGH % )  $A:?:@?@?E96:?2?4:2=(E2E6>6?ED 09<5J95I8=H98H<9577CAD5BM=B;7CBGC@=85H9865@5B79G<99HGC:A9F=75BGG9HG-FIGH % ) H<9CAD5BM5GC:979A69F  5B8 H<9F9@5H987CBGC@=85H98GH5H9A9BHGC:7CADF9<9BG=J9=B7CA9 D5FHB9FGW75D=H5@ 5B875G<:@CKG:CF957<C: H<9H97H=J9CF7CAD@9L>I8;A9BHG -<9 7CAAIB=75H=CBC:H<97F=H=75@5I8=HA5HH9F8C9GBCH5@H9F=B5BMK5MCIFCD=B=CBCBH<97CBGC@=85H98:=B5B7=5@GH5H9A9BHG H5?9B 5G5K97H=J95I8=HCF>I8;A9BHB979GG5FM=B9J5@I5H=B;A5B5;9A9BHWG=89BH=:=75H=CBC:=B8=75HCFGC:DCH9BH=5@ =AD5=FA9BH5B8H<9F9@5H985GG9GGA9BHC:H<9G9J9F=HMC:GI7<=B8=75HCFG=B89H9FA=B=B;K<9H<9F5 HF=;;9F=B;9J9BH<5GC77IFF98H<5HF9EI=F9GH<9CAD5BMHC9J5@I5H9H<9F97CJ9F56=@=HMC:H<95GG9H 3;#) ((6)77)(8,) %88)6-296 9(-8 09C6H5=B985BIB89FGH5B8=B; 9J5@I5H98H<989G=;B5B8H9GH98H<9CD9F5H=B;9::97H=J9B9GGC:7CBHFC@G CJ9FH<9CAD5BMWGDFCD9FHM=AD5=FA9BHF9J=9KDFC79GG CF9L5AD@9 K9H9GH987CBHFC@GCJ9F A5B5;9A9BHWGDFC79GG:CF=89BH=:M=B;5B89J5@I5H=B;DCH9BH=5@=AD5=FA9BH=B8=75HCFG (IFH9GH=B;C:H<9CAD5BMWG=AD5=FA9BH5GG9GGA9BH=B7@I898 5ACB;CH<9FDFC798IF9G 9J5@I5H=B; G=;B=:=75BH>I8;A9BHG5DD@=98=B89H9FA=B=B;K<9H<9F=B8=75HCFGC:=AD5=FA9BHK9F9DF9G9BH5H5BM;=J9B DFCD9FHM6MC6H5=B=B;9J=89B79HC7CFFC6CF5H9GI7<>I8;A9BHG5B8G95F7<=B;:CF9J=89B797CBHF5FMHCGI7< >I8;A9BHG CF9L5AD@9 K9G95F7<98:CFH9B5BHGCF;FCIDGC:H9B5BHGK=H<@5F;9F9G9FJ9865@5B79GCF ID7CA=B;@95G99LD=F5H=CBGH<5HC77IDM5GI6GH5BH=5@DCFH=CBC:5BMD5FH=7I@5FDFCD9FHM5B8G95F7<98:CF G=;B=:=75BH897@=B9G=BCD9F5H=B;F9GI@HGC:5BMD5FH=7I@5FDFCD9FHM8I9HCC77ID5B7M7<5B;9G H9B5BH 65B?FIDH7=9G 9BJ=FCBA9BH5@=GGI9G 58J9FG97<5B;9G=B@9;5@:57HCFGCFB5HIF5@8=G5GH9FG G FBGH2CIB;%%) 09<5J9G9FJ985GH<9CAD5BMWG5I8=HCFG=B79 ,5B=9;C 5@=:CFB=5 96FI5FM    >6C:42?DD6ED)CFDE?4 @?D@=:52E652=2?46(966ED ?)9@FD2?5DI46AE(92C62E2 646>36C   646>36C   (()( +95@9GH5H9 5H7CGH (D9F5H=B;F95@9GH5H9         CBGHFI7H=CB=BDFC;F9GG       !9@8:CF89J9@CDA9BH             77IAI@5H9889DF97=5H=CB        '9HF95@9GH5H9         5G<5B875G<9EI=J5@9BHG       77CIBHGF979=J56@9 B9H       9:9FF98F9BHF979=J56@9G B9H       (H<9F5GG9HG B9H       +95@9GH5H95GG9HG<9@8:CFG5@9       -(-%,,-,         !!)(#&*). %""%"-", ,97IF98BCH9GD5M56@9 B9H       .BG97IF98BCH9GD5M56@9 B9H         77CIBHGD5M56@95B8577FI989LD9BG9G       ,97IF=HM89DCG=HGD5M56@9       (H<9F@=56=@=H=9G5B889:9FF987F98=HG       %=56=@=H=9GF9@5H98HCF95@9GH5H95GG9HG<9@8:CFG5@9       -CH5@@=56=@=H=9G         CAA=HA9BHG5B87CBH=B;9B7=9G'CH9 *."-2 A9F=75BGG9HG-FIGH "B7 GHC7?6C:42?DD6ED)CFDE?4  @?D@=:52E65(E2E6>6?ED@7@>AC696?D:G6?4@>6 ?)9@FD2?5DI46AE(92C6D2?5%6C(92C62E2 .62C?565646>36C    '+#* +9BH5@=B7CA9          (H<9FDFCD9FHM=B7CA9          -CH5@F9J9BI9          -%#(( +9BH5@9LD9BG9G          +95@9GH5H9H5L9G          9B9F5@5B858A=B=GHF5H=J9          9DF97=5H=CB5B85ACFH=N5H=CB          -CH5@CD9F5H=B;9LD9BG9G          $%')##$"          "BH9F9GH9LD9BG9 B9H          (H<9F=B7CA99LD9BG9 B9H         #)#$"          '9H=B7CA95HHF=6IH56@9HCF9GHF=7H98G<5F9G       '9H=B7CA95HHF=6IH56@9HCIB=H6C:42?DD6ED)CFDE?4 @?D@=:52E65(E2E6>6?ED@7BF:EJ ?)9@FD2?5DI46AE(92C62E2 >6C:42?DD6ED)CFDE?4 (E@4<9@=56CDBF:EJ #@?4@?EC@==:?8 ?E6C6DED *?:E9@=56CD:? E96$A6C2E:?8 %2CE?6CD9:A )@E2= @>>@?(92C6D 55:E:@?2= %2:5:? 2A:E2= 44F>F=2E65 :G:56?5D:? I46DD@7#6E ?4@>6 44F>F=2E65 $E96C @>AC696?D:G6 ?4@>6!@DD (92C6D >@F?E 5@5B795H979A69F                      '9H=B7CA9  T  T  T     T       "GGI5B79C:F9GHF=7H98GHC7?         T  T  T  T CF:9=HIF9C:F9GHF=7H98GHC7?         T  T  T  T =J=89B8G897@5F985B8D5=8  T  T  T     T       ,HC7? 65G987CAD9BG5H=CB  T  T     T  T  T    ,<5F9GK=H<<9@8:CF9AD@CM99 H5L9G       T  T  T   (H<9F7CADF9<9BG=J9=B7CA9  7<5B;9=BJ5@I9C:=BH9F9GHF5H9 GK5DG  T  T  T  T          +97@5GG=:=75H=CBC:5ACFH=N5H=CB C::CFK5F8 GH5FH=B;GK5DG =B7@I898=B=BH9F9GH9LD9BG9  T  T  T  T         5@5B795H979A69F                      '9H=B7CA9  T  T  T     T       "GGI5B79C:F9GHF=7H98GHC7?         T  T  T  T CF:9=HIF9C:F9GHF=7H98GHC7?         T  T  T  T =J=89B8G897@5F985B8D5=8  T  T  T     T       ,HC7? 65G987CAD9BG5H=CB  T  T     T  T  T    ,<5F9GK=H<<9@8:CF9AD@CM99 H5L9G     T    T  T  T   (H<9F7CADF9<9BG=J9=B7CA9  7<5B;9=BJ5@I9GC:=BH9F9GHF5H9 GK5DG  T  T  T  T         +97@5GG=:=75H=CBC:5ACFH=N5H=CB C::CFK5F8 GH5FH=B;GK5DG =B7@I898=B=BH9F9GH9LD9BG9  T  T  T  T        5@5B795H979A69F                      '9H=B7CA9  T  T  T     T       "GGI5B79C:F9GHF=7H98GHC7?         T  T  T  T CF:9=HIF9C:F9GHF=7H98GHC7?     T  T  T  T  T  T =J=89B8G897@5F985B8D5=8  T  T  T     T       ,HC7? 65G987CAD9BG5H=CB  T  T     T  T  T    ,<5F9GK=H<<9@8:CF9AD@CM99 H5L9G          T  T  T    (H<9F7CADF9<9BG=J9@CGG  7<5B;9=BJ5@I9C:=BH9F9GHF5H9 GK5DG  T  T  T  T         (H<9F7CADF9<9BG=J9@CGG  IBF95@=N98@CGGCBHF95GIFM @C7?G  T  T  T  T         +97@5GG=:=75H=CBC:5ACFH=N5H=CB C::CFK5F8 GH5FH=B;GK5DG =B7@I898=B=BH9F9GH9LD9BG9 B9H  T  T  T  T       5@5B795H979A69F                      -<9577CAD5BM=B;BCH9G5F95B=BH9;F5@D5FHC:H<9G97CBGC@=85H98:=B5B7=5@GH5H9A9BHG    >6C:42?DD6ED)CFDE?4 @?D@=:52E65(E2E6>6?ED@72D9=@HD ?)9@FD2?5D $%')#)+)( '9H=B7CA9          8>IGHA9BHGHCF97CB7=@9B9H=B7CA9HCB9H75G<DFCJ=8986MCD9F5H=B; 57H=J=H=9G 9:9FF98F9BHF9J9BI95B85ACFH=N5H=CBC:@95G9=BH5B;=6@9G          9DF97=5H=CB5B85ACFH=N5H=CB          ACFH=N5H=CBC:896H=GGI5B797CGHG5B8896H8=G7CIBHG          )FCJ=G=CB:CFIB7C@@97H56@9F9BH5@=B7CA9          ,HC7? 65G987CAD9BG5H=CB9LD9BG9          ,9HH@9A9BHC:HF95GIFM@C7?G     T  T (H<9FBCB75G<=BH9F9GH9LD9BG9 B9H         (H<9F B9H        <5B;9G=BCD9F5H=B;5GG9HG5B8@=56=@=H=9G <5B;9=B577CIBHGF979=J56@9        <5B;9=BCH<9F5GG9HG         <5B;9=B577CIBHGD5M56@95B8577FI989LD9BG9G         <5B;9=BG97IF=HM89DCG=HGD5M56@9       <5B;9=BCH<9F@=56=@=H=9G5B889:9FF987F98=HG        #6E42D9AC@G:5653J@A6C2E:?824E:G:E:6D          #+()#)+)( 7EI=G=H=CBC:F95@9GH5H9 B9H  T  T    5D=H5@9LD9B8=HIF9G          %95G=B;7CAA=GG=CBG          #6E42D9FD65:?:?G6DE:?824E:G:E:6D          ###)+)( )FC7998G:FCAG97IF98BCH9GD5M56@9  T  T    +9D5MA9BHC:G97IF98BCH9GD5M56@9  T  T    )FC7998G:FCAIBG97IF98@=B9C:7F98=H     T    +9D5MA9BHC:IBG97IF98@=B9C:7F98=H        T )FC7998G:FCAIBG97IF98H9FA@C5B  T     T +9D5MA9BHC:IBG97IF98H9FA@C5B  T     T )FC7998G:FCAIBG97IF98BCH9GD5M56@9     T  T +9D5MA9BHC:IBG97IF98BCH9GD5M56@9     T  T 96H=GGI5B797CGHG          =J=89B8GD5=8HC7CAACBGHC7?5B8IB=H36C    -<9577CAD5BM=B;BCH9G5F95B=BH9;F5@D5FHC:H<9G97CBGC@=85H98:=B5B7=5@GH5H9A9BHG   >6C:42?DD6ED)CFDE! % @?D@=:52E652=2?46(966ED ?)9@FD2?5DI46AE*?:E2E2 646>36C  646>36C    (()( +95@9GH5H9 5H7CGH (D9F5H=B;F95@9GH5H9         CBGHFI7H=CB=BDFC;F9GG       !9@8:CF89J9@CDA9BH             77IAI@5H9889DF97=5H=CB        '9HF95@9GH5H9         5G<5B875G<9EI=J5@9BHG       77CIBHGF979=J56@9 B9H       9:9FF98F9BHF979=J56@9G B9H       (H<9F5GG9HG B9H       +95@9GH5H95GG9HG<9@8:CFG5@9       -(-%,,-,         !!)(#%)! %""%"-", ,97IF98BCH9GD5M56@9 B9H       .BG97IF98BCH9GD5M56@9 B9H         77CIBHGD5M56@95B8577FI989LD9BG9G       ,97IF=HM89DCG=HGD5M56@9       (H<9F@=56=@=H=9G5B889:9FF987F98=HG       %=56=@=H=9GF9@5H98HCF95@9GH5H95GG9HG<9@8:CFG5@9       -CH5@@=56=@=H=9G         CAA=HA9BHG5B87CBH=B;9B7=9G'CH9 )"-% %=A=H98D5FHB9FG75D=H5@   5B8  IB=HG=GGI985B8 CIHGH5B8=B;5GC:979A69F 5B8979A69F  F9GD97H=J9@M       9B9F5@D5FHB9FG75D=H5@   5B8  IB=HG=GGI985B8 CIHGH5B8=B;5GC:979A69F 5B8979A69F  F9GD97H=J9@M         77IAI@5H98CH<9F7CADF9<9BG=J9=B7CA9       -CH5@75D=H5@         -(-%%""%"-",')"-%         -<9577CAD5BM=B;BCH9G5F95B=BH9;F5@D5FHC:H<9G97CBGC@=85H98:=B5B7=5@GH5H9A9BHG   >6C:42?DD6ED)CFDE! % @?D@=:52E65(E2E6>6?ED@7@>AC696?D:G6?4@>6 ?)9@FD2?5DI46AE*?:ED2?5%6C*?:E2E2 .62C?565646>36C    '+#* +9BH5@=B7CA9          (H<9FDFCD9FHM=B7CA9          -CH5@F9J9BI9          -%#(( +9BH5@9LD9BG9G          +95@9GH5H9H5L9G          9B9F5@5B858A=B=GHF5H=J9          9DF97=5H=CB5B85ACFH=N5H=CB          -CH5@CD9F5H=B;9LD9BG9G          $%')##$"          "BH9F9GH9LD9BG9 B9H          (H<9F=B7CA99LD9BG9 B9H         #)#$"          '9H=B7CA95HHF=6IH56@9HCF9GHF=7H98G<5F9G       #)#$"))'*)!)$"'#(()()'*() ! %          '##(%'*#)( 5FB=B;GD9FIB=H 65G=7          09=;6C:42?DD6ED)CFDE! % @?D@=:52E65(E2E6>6?ED@7%2CE?6CD2A:E2= ?)9@FD2?5DI46AE*?:E2E2 !:>:E65%2CE?6CD2A:E2=  6?6C2=%2CE?6CD2A:E2=  44F>F=2E65 $E96C @>AC696?D:G6 ?4@>6!@DD )@E2=2A:E2= *?:ED >@F?E *?:ED >@F?E 5@5B795H979A69F                       '9H=B7CA9  T     T     T    "GGI5B79C:F9GHF=7H98IB=HG  T  T     T  T  T CF:9=HIF9C:F9GHF=7H98IB=HG  T  T     T  T  T =GHF=6IH=CBG  T     T     T    ,HC7? 65G987CAD9BG5H=CB  T  T  T     T    .B=HGK=H<<9@8:CF9AD@CM99H5L9G  T  T       T   (H<9F7CADF9<9BG=J9=B7CA9  7<5B;9=BJ5@I9C:=BH9F9GHF5H9 GK5DG  T  T  T  T       +97@5GG=:=75H=CBC:5ACFH=N5H=CBC: :CFK5F8GH5FH=B;GK5DG=B7@I898=B =BH9F9GH9LD9BG9  T  T  T  T       5@5B795H979A69F                       '9H=B7CA9  T     T     T    "GGI5B79C:F9GHF=7H98IB=HG  T  T     T  T  T CF:9=HIF9C:F9GHF=7H98IB=HG  T  T     T  T  T =GHF=6IH=CBG  T     T     T    ,HC7? 65G987CAD9BG5H=CB  T  T  T     T    .B=HGK=H<<9@8:CF9AD@CM99H5L9G  T  T       T   (H<9F7CADF9<9BG=J9=B7CA9  7<5B;9=BJ5@I9C:=BH9F9GHF5H9 GK5DG  T  T  T  T       +97@5GG=:=75H=CBC:5ACFH=N5H=CBC: :CFK5F8GH5FH=B;GK5DG=B7@I898=B =BH9F9GH9LD9BG9  T  T  T  T       5@5B795H979A69F                       '9H=B7CA9  T     T     T    "GGI5B79C:F9GHF=7H98IB=HG  T  T     T  T  T CF:9=HIF9C:F9GHF=7H98IB=HG  T  T     T  T  T =GHF=6IH=CBG  T     T     T    ,HC7? 65G987CAD9BG5H=CB  T  T  T     T    .B=HGK=H<<9@8:CF9AD@CM99H5L9G  T  T        T    (H<9F7CADF9<9BG=J9@CGG 7<5B;9 =BJ5@I9C:=BH9F9GHF5H9GK5DG  T  T  T  T       (H<9F7CADF9<9BG=J9@CGG  IBF95@=N98@CGGCBHF95GIFM@C7?G  T  T  T  T       +97@5GG=:=75H=CBC:5ACFH=N5H=CBC: :CFK5F8 GH5FH=B;GK5DG=B7@I898=B =BH9F9GH9LD9BG9 B9H  T  T  T  T     5@5B795H979A69F                       CBG=GHGC:@=A=H98D5FHB9FG<=D=BH9F9GHG<9@86MH<=F8D5FH=9G CBG=GHGC:;9B9F5@5B8@=A=H98D5FHB9FG<=D=BH9F9GHG<9@86MA9F=75BGG9HG-FIGH "B7 -<9577CAD5BM=B;BCH9G5F95B=BH9;F5@D5FHC:H<9G97CBGC@=85H98:=B5B7=5@GH5H9A9BHG   >6C:42?DD6ED)CFDE! % @?D@=:52E65(E2E6>6?ED@72D9=@HD ?)9@FD2?5D $%')#)+)( '9H=B7CA9          8>IGHA9BHGHCF97CB7=@9B9H=B7CA9HCB9H75G<DFCJ=8986MCD9F5H=B; 57H=J=H=9G 9:9FF98F9BHF9J9BI95B85ACFH=N5H=CBC:@95G9=BH5B;=6@9G          9DF97=5H=CB5B85ACFH=N5H=CB          ACFH=N5H=CBC:896H=GGI5B797CGHG5B8896H8=G7CIBHG          )FCJ=G=CB:CFIB7C@@97H56@9F9BH5@=B7CA9          ,HC7? 65G987CAD9BG5H=CB9LD9BG9          ,9HH@9A9BHC:HF95GIFM@C7?G     T  T (H<9FBCB75G<=BH9F9GH9LD9BG9 B9H         (H<9F B9H        <5B;9G=BCD9F5H=B;5GG9HG5B8@=56=@=H=9G <5B;9=B577CIBHGF979=J56@95B889:9FF98F9BHF979=J56@9G        <5B;9=BCH<9F5GG9HG         <5B;9=B577CIBHGD5M56@95B8577FI989LD9BG9G         <5B;9=BG97IF=HM89DCG=HGD5M56@9       <5B;9=BCH<9F@=56=@=H=9G5B889:9FF987F98=HG        #6E42D9AC@G:5653J@A6C2E:?824E:G:E:6D          #+()#)+)( 7EI=G=H=CBC:F95@9GH5H9 B9H  T  T    5D=H5@9LD9B8=HIF9G          %95G=B;7CAA=GG=CBG          #6E42D9FD65:?:?G6DE:?824E:G:E:6D          ###)+)( )FC7998G:FCAG97IF98BCH9GD5M56@9  T  T    +9D5MA9BHC:G97IF98BCH9GD5M56@9  T  T    )FC7998G:FCAIBG97IF98@=B9C:7F98=H     T    +9D5MA9BHC:IBG97IF98@=B9C:7F98=H        T )FC7998G:FCAIBG97IF98H9FA@C5B  T     T +9D5MA9BHC:IBG97IF98H9FA@C5B  T     T )FC7998G:FCAIBG97IF98BCH9GD5M56@9     T  T +9D5MA9BHC:IBG97IF98BCH9GD5M56@9     T  T 96H=GGI5B797CGHG          =GHF=6IH=CBG          ,<5F9GK=H<<9@8:CF9AD@CM99H5L9G        #6E42D9AC@G:5653JFD65:?7:?2?4:?824E:G:E:6D          '9H=B7F95G9897F95G9=B75G< 75G<9EI=J5@9BHG          5G<5B875G<9EI=J5@9BHG 69;=BB=B;C:M95F          5G<5B875G<9EI=J5@9BHG 9B8C:M95F          .62C?565646>36C    -<9577CAD5BM=B;BCH9G5F95B=BH9;F5@D5FHC:H<9G97CBGC@=85H98:=B5B7=5@GH5H9A9BHG   >6C:42?DD6ED)CFDE?4 2?5>6C:42?DD6ED)CFDE! % #@E6DE@@?D@=:52E65:?2?4:2=(E2E6>6?ED #$) (*""'.$(##)$*#)#%$!( 97-2)77%2(6+%2->%8-32 A9F=75BGG9HG-FIGH "B7 K<=7<A5M69F9:9FF98HC=BH<9G9:=B5B7=5@GH5H9A9BHG5GH<9U7CAD5BM VUK9 VUIG VCF UCIFV=G5&5FM@5B87CFDCF5H=CB:CFA98CB#I@M H<5H8=8BCH<5J95BMCD9F5H=B;57H=J=HMIBH=@H<97CBGIAA5H=CBC: CIF=B=H=5@DI6@=7C::9F=B;H<9U(::9F=B;V5B8H<9F9@5H9857EI=G=H=CBCB#5BI5FM C:79FH5=B5GG9HGC:57CA6=B5H=CBC: 9BH=H=9GKI8;A9BH 5:H9F7CBG=89F=B;D5GH 7IFF9BH5B89LD97H989J9BHG5B8 97CBCA=77CB8=H=CBG 7HI5@F9GI@HG7CI@88=::9F:FCAH<9G99GH=A5H9G    32730-(%8)(8%8)1)2873*%7,03;79440)1)28%0-7'03796)7 -<9:C@@CK=B;H56@9DFCJ=89GGIDD@9A9BH5@8=G7@CGIF9GF9@5H98HCH<9CBGC@=85H98,H5H9A9BHGC:5G<@CKG=B H36C    (FAA=6>6?E2=42D97=@H:?7@C>2E:@? -CH5@=BH9F9GH7CGHG=B7IFF98          "BH9F9GH75D=H5@=N98          "BH9F9GH9LD9BG9 B9H          5G<D5=8:CF=BH9F9GH B9HC:5ACIBHG75D=H5@=N98          5G<D5=8:CF=B7CA9H5L9G         (FAA=6>6?E2=D4965F=6@7?@?42D9:?G6DE:?82?57:?2?4:?824E:G:E:6D 77CIBHGD5M56@95B8577FI98@=56=@=H=9G:CF7CBGHFI7H=CB=BDFC;F9GG          77FI98@95G=B;7CAA=GG=CBG          ):)29))'3+2-8-32%2( ''39287)')-:%&0) (IF@95G9GK=H<H9B5BHG5F97@5GG=:=985GCD9F5H=B;@95G9G ,I6GH5BH=5@@M5@@GI7<@95G9G7CBH5=B:=L98F9BH9G75@5H=CBGK<=7< C77IF5HGD97=:=98H=A9G8IF=B;H<9H9FAC:H<9@95G9 5G9F9BHG5F9F97C;B=N98CB5GHF5=;I8;A9BH6MA5B5;9A9BH -<97C@@97H56=@=HMC:F979=J56@9G=G5::97H986MBIA9FCIG8=::9F9BH:57HCFG =B7@I8=B;7IFF9BH97CBCA=7HF9B8G H9B5BH65B?FIDH7=9G H<9GH5HIGC:7C@@97H56=@=HMC:7IFF9BH75G<F9BHGF979=J56@9 H9B5BHG F979BH5B8<=GHCF=75@:=B5B7=5@5B8CD9F5H=B;F9GI@HG 7<5B;9G=BCIFH9B5BHG7F98=HF5H=B;G 7CAAIB=75H=CBG69HK99BCIF CD9F5H=B;D9FGCBB9@5B8H9B5BHG H<99LH9BHC:G97IF=HM89DCG=HG5B8@9HH9FGC:7F98=HG<9@8K=H<F9GD97HHCH9B5BHG 5B8H<956=@=HM C:H<9H9B5BHHCD9F:CFAIB89FH<9H9FAGC:H<9=F@95G95;F99A9BHK<9B9J5@I5H=B;H<9589EI57MC:H<95@@CK5B79:CF8CI6H:I@ 577CIBHG ":CIF5GG9GGA9BHC:H<9G9:57HCFG=B8=75H9GH<5H=H=GBC@CB;9FDFC656@9H<5HK9K=@@6956@9HC7C@@97HGI6GH5BH=5@@M5@@ F9BHG K9F97C;B=N957<5F;9HCF9BH5@=B7CA95B8@=A=HCIFF9BH5@=B7CA9HCH<9@9GG9FC:@95G9=B7CA9CB5GHF5=;IGHA9BHHCF9BH5@=B7CA9=BH<9D9F=C8K9A5?957<5B;9 HCCIFDF=CF7CB7@IG=CB H979A69F 5B8979A69F  CIF5@@CK5B79:CF8CI6H:I@577CIBHGK5G A=@@=CB5B8 A=@@=CB  F9GD97H=J9@M -CH5@7C@@97H56=@=HMF9@5H9858>IGHA9BHG:CFF9BH5@=B7CA9 K<=7<=B7@I89GH<95@@CK5B79:CF8CI6H:I@577CIBHG5B8 89:9FF98F9BHF979=J56@9G K5G A=@@=CB  A=@@=CB5B8 A=@@=CB:CFH<9M95FG9B898979A69F  5B8  F9GD97H=J9@M  )%078%8) %5B8 6I=@8=B;G5B8=ADFCJ9A9BHG5F9F97CF8985H7CGH 9DF97=5H=CB=G7CADIH98IG=B;H<9GHF5=;CF=ADFCJ9A9BHG &=BCF =ADFCJ9A9BHG :IFB=HIF95B89EI=DA9BH5F975D=H5@=N985B889DF97=5H98CJ9FIG9:I@@=J9GF5B;=B;:FCAM95FGHCM95FG  &5=BH9B5B795B8F9D5=FGH<5H8CBCH=ADFCJ9CF9LH9B8H<9IG9:I@@=J9GC:H<9F9@5H985GG9HG5F97<5F;98HCCD9F5H=CBG5G =B7IFF98 -9B5BH=ADFCJ9A9BHG5F975D=H5@=N985B889DF97=5H98CJ9FH<9@=:9C:H<9F9@5H98@95G9CFH<9=F9GH=A5H98IG9:I@@=:9  K<=7<9J9F=GG97H CB@MHCH9FAGH<5H5F9IGI5@5B87IGHCA5FM:CFG5@9GC:GI7<5GG9HG ===5B57H=J9DFC;F5AHC@C75H956IM9F5B8CH<9F57H=CBG F9EI=F98HC7CAD@9H9H<9D@5BHCG9@@H<95GG9HCF8=GDCG5@;FCID<5J9699B=B=H=5H98 =JH<9G5@9C:H<95GG9HCF8=GDCG5@;FCID=G DFC656@9 5B8HF5BG:9FC:H<95GG9HCF8=GDCG5@;FCID=G9LD97H98HCEI5@=:M:CFF97C;B=H=CB5G57CAD@9H98G5@9K=H<=BCB9M95F  JH<95GG9HCF8=GDCG5@;FCID=G69=B;57H=J9@MA5F?9H98:CFG5@95H5DF=79H<5H=GF95GCB56@9=BF9@5H=CBHC=HG7IFF9BH:5=FJ5@I9 5B8J=57H=CBGF9EI=F98HC7CAD@9H9H<9D@5B=B8=75H9H<5H=H=GIB@=?9@MH<5HG=;B=:=75BH7<5B;9GHCH<9D@5BK=@@69A589CFH<5H H<9D@5BK=@@69K=H<8F5KB !9@8:CFG5@9DFCD9FH=9G5F99J5@I5H98EI5FH9F@MHC9BGIF9H<5HDFCD9FH=9G7CBH=BI9HCA99HH<9<9@8 :CFG5@97F=H9F=5 ":DFCD9FH=9G5F9F9EI=F98HC69F97@5GG=:=98:FCA<9@8:CFG5@9HC<9@8:CFIG98I9HC7<5B;9GHC5D@5BC:G5@9  H<9M5F9F97CF8985HH<9@CK9FC::5=FJ5@I9CFH<975FFM=B;5ACIBH69:CF9H<9DFCD9FHMK5G7@5GG=:=985G<9@8:CFG5@9 58>IGH98 :CF5BM89DF97=5H=CB5B85ACFH=N5H=CB9LD9BG9H<5HKCI@8<5J9699BF97C;B=N98<58H<9DFCD9FHM699B7CBH=BICIG@M7@5GG=:=98 5G<9@85B8IG98 )FCD9FH=9GH<5H8CBCHA99HH<9<9@8:CFG5@97F=H9F=55F9577CIBH98:CF5GCD9F5H=B;DFCD9FH=9G .DCB89H9FA=B=B;H<5H5@CB; @=J985GG9HCF8=GDCG5@;FCIDA99HGH<97F=H9F=5HC697@5GG=:=985G<9@8:CFG5@9 H<97CAD5BM F9DCFHGH<95GG9HG5B8@=56=@=H=9GC:H<98=GDCG5@;FCID =:A5H9F=5@ =BH<9@=B9=H9AGUF95@9GH5H95GG9HG<9@8:CFG5@9V5B8 U@=56=@=H=9GF9@5H98HCF95@9GH5H95GG9HG<9@8:CFG5@9V 5G5DD@=756@9 CBH<97CBGC@=85H9865@5B79G<99HG @CB; @=J985GG9HCF 8=GDCG5@;FCIDH<5H=G7@5GG=:=985G<9@8:CFG5@9=GA95GIF985HH<9@CK9FC:=HG7CGHCF9GH=A5H98:5=FJ5@I9@9GG5BM7CGHGHCG9@@  -<9:5=FJ5@I9GC:5GG9HG<9@8:CFG5@95F95GG9GG98957<F9DCFH=B;D9F=C85B87<5B;9G=BGI7<:5=FJ5@I9G5F9F9DCFH985G5B 58>IGHA9BHHCH<975FFM=B;J5@I9C:H<95GG9HCF8=GDCG5@;FCIDK=H<5BC::G9HCBH<97CBGC@=85H98GH5H9A9BHGC:=B7CA9 HCH<9 9LH9BHH<5H5BMGI6G9EI9BH7<5B;9G=B:5=FJ5@I98CBCH9L7998H<97CGH65G=GC:H<95GG9HCF8=GDCG5@;FCID BM@CGGF9GI@H=B; :FCAH<9HF5BG:9FC:@CB; @=J985GG9HGCF8=GDCG5@;FCIDGHC5GG9HG<9@8:CFG5@9=GF97C;B=N98=BH<9D9F=C88IF=B;K<=7<H<9<9@8 :CFG5@97F=H9F=55F9A9H %4-8%0->)(3787 0975D=H5@=N979FH5=B7CGHGF9@5H98HCH<989J9@CDA9BH5B8F989J9@CDA9BHC:F95@9GH5H9=B7@I8=B;DF9 7CBGHFI7H=CB7CGHG  F95@9GH5H9H5L9G =BGIF5B795B87CBGHFI7H=CB7CGHG5B8G5@5F=9G5B8F9@5H987CGHGC:D9FGCBB9@8=F97H@M=BJC@J98 88=H=CB5@@M K9 75D=H5@=N9=BH9F9GH7CGHGF9@5H98HC89J9@CDA9BH5B8G=;B=:=75BHF989J9@CDA9BH57H=J=H=9G 5D=H5@=N5H=CBC:H<9G97CGHG69;=BG K<9BH<957H=J=H=9G5B8F9@5H989LD9B8=HIF9G7CAA9B795B8795G9K<9BH<9DFC>97H=GGI6GH5BH=5@@M7CAD@9H95B8F958M:CF=HG =BH9B898IG9 5HK<=7<H=A9H<9DFC>97H=GD@5798=BG9FJ=795B889DF97=5H=CB7CAA9B79G 88=H=CB5@@M K9A5?99GH=A5H9G5GHC H<9DFC656=@=HMC:79FH5=B89J9@CDA9BH5B8F989J9@CDA9BHDFC>97HG69=B;7CAD@9H98 ":K989H9FA=B9H<5HH<97CAD@9H=CBC: 89J9@CDA9BHCFF989J9@CDA9BH=GBC@CB;9FDFC656@9 K99LD9BG95@@75D=H5@=N987CGHGK<=7<5F9BCHF97CJ9F56@9  14%-61)283*32+-:)( 77)87 09F9J=9K:CF=AD5=FA9BHCB5DFCD9FHM6MDFCD9FHM65G=GK<9B9J9F9J9BHGCF7<5B;9G=B7=F7IAGH5B79G=B8=75H9H<5HH<9 75FFM=B;J5@I9C:5DFCD9FHMA5MBCH69:I@@MF97CJ9F56@9 "AD5=FA9BH=GF97C;B=N98CBDFCD9FH=9G<9@8:CFIG9K<9BH<9 9LD97H98IB8=G7CIBH9875G<:@CKG:CF5DFCD9FHM5F9@9GGH<5B=HG75FFM=B;5ACIBH5HK<=7<H=A9H<9DFCD9FHM=GKF=HH9B 8CKBHC :5=FJ5@I9 )FCD9FH=9G<9@8:CFG5@95F9F97CF8985HH<9@CK9FC:H<975FFM=B;5ACIBHCFH<99LD97H98G5@9GDF=79@9GG7CGHGHCG9@@  77CF8=B;@M H<9F98I7H=CBC:9GH=A5H98:IHIF975G<:@CKG7CI@8F9GI@H=BH<9F97C;B=H=CBC:5B=AD5=FA9BH7<5F;9CB79FH5=BC: CIF@CB; @=J985GG9HG &5B5;9A9BH<5GBCH=89BH=:=98=B8=75HCFGH<5HH<9J5@I9C:CIFF95@9GH5H9=BJ9GHA9BHGK5G=AD5=F985H 979A69F CF979A69F  -<9F9K9F9BC=AD5=FA9BH7<5F;9G8IF=B;H<9M95FG9B898979A69F   5B8   -2%2'-%0278691)287 -<99GH=A5H98:5=FJ5@I9GC::=B5B7=5@=BGHFIA9BHG5F989H9FA=B98IG=B;5J5=@56@9A5F?9H=B:CFA5H=CB5B85DDFCDF=5H9 J5@I5H=CBA9HI8;A9BH=GB979GG5FMHC=BH9FDF9HA5F?9H85H55B889J9@CD9GH=A5H98:5=FJ5@I9G -<9IG9C: 8=::9F9BHA5F?9H5GGIADH=CBGCF9GH=A5H=CBA9HC=BHJ9BHIF9G 5B8BCCH<9F=BH9F9GHG=B/"G HC699J5@I5H98:CF7CBGC@=85H98 83'/%7)(314)27%8-32 09;F5BHGHC7? 65G987CAD9BG5H=CB5K5F8GHCCIF9AD@CM99G5B88=F97HCFGHMD=75@@M=BH<9:CFAC:F9GHF=7H98G<5F9GC: 7CAACBGHC7? CDH=CBGHCDIF7<5G97CAACBGHC7?5B8 CFG<5F9GC:7CAACBGHC7? CFH<9;F5BHGC:D9F:CFA5B795B8A5F?9H 65G98F9GHF=7H98GHC7?5K5F8G=B979A69FH<9U;F5BHV 979A69FH<9U;F5BHV 5B8979A69F H<9U;F5BHV K9A95GIF9GHC7? 65G987CAD9BG5H=CB9LD9BG965G98CBH<9:5=FJ5@I9C:H<95K5F8CBH<9;F5BH85H9  58>IGH98:CF7<5B;9GHCDFC656=@=H=9GC:57<=9J=B;D9F:CFA5B79H5F;9HG 5B8F97C;B=N99LD9BG9F5H56@MCJ9FH<9J9GH=B;D9F=C8  &C8=:=75H=CBGC:GHC7? 65G987CAD9BG5H=CB5K5F8G5F9HF95H985G5B9L7<5B;9C:H<9CF=;=B5@5K5F8:CF5B9K5K5F8K=H< H<9F9GI@H=B;HCH5@7CAD9BG5H=CB7CGH9EI5@HCH<9;F5BH 85H9:5=FJ5@I9C:H<9CF=;=B5@5K5F8D@IGH<9=B7F9A9BH5@J5@I9C:H<9 AC8=:=75H=CBHCH<95K5F8 -<975@7I@5H=CBC:H<9=B7F9A9BH5@J5@I9=G65G98CBH<99L79GGC:H<9:5=FJ5@I9C:H<9B9K AC8=:=985K5F865G98CB7IFF9BH7=F7IAGH5B79GCJ9FH<9:5=FJ5@I9C:H<9CF=;=B5@5K5F8A95GIF98=AA98=5H9@M69:CF9=HG H9FAG5F9AC8=:=98  )*)66)(314)27%8-32 (IF(D9F5H=B;)5FHB9FG<=D<5G58CDH98H<9A9F=75BGG9HG-FIGHL97IH=J99:9FF5@)@5B/U)/V5B8H<9 A9F=75BGG9HG-FIGHL97IH=J99:9FF5@)@5B/"U)/"V -<9G9D@5BGK9F958CDH986MCIF(D9F5H=B;)5FHB9FG<=D5G GI779GGCFD@5BGHCHIGH98HC:5=FJ5@I95HH<99B8C:957<577CIBH=B;D9F=C865G98CBH<9D9F:CFA5B79C:H<969B7IGH=B;H<9@=56=@=HMHC:5=FJ5@I9=GF97CF8985G5B=B7F95G9CF897F95G9HC7CAD9BG5H=CB 7CGH  2'31) %<)7 099@97H98HC69H5L985G5+"-IB89FH<9"BH9FB5@+9J9BI9C89C: 5G5A9B898H<9UC89V 7CAA9B7=B;K=H< H<9H5L56@9M95F9B898979A69F  -CA5=BH5=BCIFEI5@=:=75H=CB5G5+"- K95F9F9EI=F98HC8=GHF=6IH95H@95GH C:CIF+"-H5L56@9=B7CA9HCCIFGHC7?97HHC7CFDCF5H9@9J9@=B7CA9H5LCBH<995FB=B;G8=GHF=6IH98 7IFF9BH@MHCCIFGHC7?97HHCF9;I@5F. , :989F5@ =B7CA9H5L 095F9GI6>97HHC79FH5=BGH5H95B8@C75@=B7CA9H5L9G 09 HC;9H<9FK=H<CB9C:CIFGI6G=8=5F=9G <5J99@97H98HCHF95HGI7<GI6G=8=5FM5G5H5L56@9+"-GI6G=8=5FM5U-+,V :CF:989F5@=B7CA9H5LDIFDCG9G 9FH5=B57H=J=H=9GH<5HK9IB89FH5?9AIGH697CB8I7H986M5-+, GI7<5GBCB 7IGHCA5FM G9FJ=79G:CFCIFH9B5BHG 5B897HHC:989F5@5B8GH5H9=B7CA9H5L9G  )+1)282*361%8-32 ,9;A9BH=B:CFA5H=CB=GDF9D5F98CBH<9G5A965G=GH<5HCIFA5B5;9A9BHF9J=9KG=B:CFA5H=CB:CFCD9F5H=CB5@897=G=CB A5?=B;DIFDCG9G 09CD9F5H9=B:CIFF9DCFH56@9G9;A9BHGH<957EI=G=H=CB F989J9@CDA9BH CKB9FG<=D5B8A5B5;9A9BHC: C::=79F95@9GH5H9 F9H5=@F95@9GH5H9 AI@H=:5A=@MF95@9GH5H95B8A=L98 IG9F95@9GH5H9 -<9DFC8I7HG:CFCIFF9H5=@G9;A9BH DF=A5F=@M=B7@I89F9BH5@C:F9H5=@GD5795B8CH<9FH9B5BHG9FJ=79G =B7@I8=B;H9B5BHF9=A6IFG9A9BHG D5F?=B;5B8GHCF5;9GD579 F9BH5@ -<9DFC8I7HG:CFCIFC::=79G9;A9BHDF=A5F=@M=B7@I89F9BH5@C:C::=79GD5795B8CH<9FH9B5BHG9FJ=79G =B7@I8=B;H9B5BH F9=A6IFG9A9BHG D5F?=B;5B8GHCF5;9GD579F9BH5@ -<9DFC8I7HG:CFCIFAI@H=:5A=@MG9;A9BH=B7@I89F9BH5@C:5D5FHA9BHG5B8 CH<9FH9B5BHG9FJ=79G -<9DFC8I7HGC:CIFA=L98 IG9G9;A9BH=B7@I89F9BH5@C:F9H5=@GD5795B8CH<9FH9B5BHG9FJ=79G =B7@I8=B; H9B5BHF9=A6IFG9A9BHG D5F?=B;5B8GHCF5;9GD579F9BH5@5B8CD9F5H=CBC:5 FCCA5@@ GI=H9IF=G8=7H=CB -<=GDFCBCIB79A9BH=G9::97H=J9:CF5BBI5@D9F=C8G=B:=G75@M95FG69;=BB=B;5:H9F 979A69F  5B8G:=J ":I65*D6 )@E2= 646>36C   %5B8                I=@8=B;G                  %5B8=ADFCJ9A9BHG                -9B5BH=ADFCJ9A9BHG        T       IFB=HIF9 :=LHIF9G 5B89EI=DA9BH               CBGHFI7H=CB=BDFC;F9GG                                77IAI@5H9889DF97=5H=CB                 '9HF95@9GH5H9                  646>36C   %5B8                I=@8=B;G                  %5B8=ADFCJ9A9BHG                -9B5BH=ADFCJ9A9BHG        T       IFB=HIF9 :=LHIF9G 5B89EI=DA9BH               CBGHFI7H=CB=BDFC;F9GG                                77IAI@5H9889DF97=5H=CB                '9HF95@9GH5H9                    %5B8F9@5H98HC<9@8:CF89J9@CDA9BH5B87CBGHFI7H=CB=BDFC;F9GG=G=B7@I898=BH<9!9@8:CF9J9@CDA9BH5B8CBGHFI7H=CB=B)FC;F9GG7@5GG=:=75H=CBGCB H<97CBGC@=85H9865@5B79G<99HG  L7@I89GB9HF95@9GH5H95GG9HG<9@8:CFG5@9 )%078%8)77)87)0(*36%0) GC:979A69F  H<97CAD5BM<58CB9DFCD9FHMIB89F7CBHF57H:CFG5@9 7@5GG=:=985G<9@8:CFG5@9 -<9 :C@@CK=B;H56@9DF9G9BHGH<95GG9HG5GGC7=5H98K=H<H<9DFCD9FHM7@5GG=:=985G<9@8:CFG5@9=BH36C   646>36C   DD6ED I=@8=B;G5B8=ADFCJ9A9BHG       %5B8       -9B5BH=ADFCJ9A9BHG       CBGHFI7H=CB=B)FC;F9GG      77IAI@5H9889DF97=5H=CB       '9HF95@9GH5H95GG9HG       (H<9FGG9HG       +95@9GH5H95GG9HG<9@8:CFG5@9         #$) &*'#%!!((#$+ !$,"' )!(( -<9:C@@CK=B;GIAA5F=N9GCIF57EI=F98@95G9=BH5B;=6@9G K<=7<5F9=B7@I898=BCH<9F5GG9HG5B8CH<9F@=56=@=H=9G5B8 89:9FF987F98=HG=BH36C   646>36C   "B D@579@95G9G       77IAI@5H985ACFH=N5H=CB       6CJ9A5F?9H@95G9G      77IAI@5H985ACFH=N5H=CB      7EI=F98@95G9=BH5B;=6@95GG9HG B9H       9@CKA5F?9H@95G9G       77IAI@5H98577F9H=CB       7EI=F98@95G9=BH5B;=6@9@=56=@=H=9G B9H       -<9J5@I95@@C75H98HC=B D@579@95G9G=G5ACFH=N98CJ9FH<9F9@5H98@95G9H9FA5G89DF97=5H=CB5B85ACFH=N5H=CB9LD9BG9=B H<9GH5H9A9BHC:7CADF9<9BG=J9=B7CA9 6CJ95B869@CKA5F?9H@95G9G5F95ACFH=N98CJ9FH<9F9@5H98@95G9H9FA5G588=H=CB5@ F9BH5@=B7CA9:CF69@CKA5F?9H@95G9GCF5F98I7H=CBC:F9BH5@=B7CA9:CF56CJ9A5F?9H@95G9G=BH<9GH5H9A9BHC: 7CADF9<9BG=J9=B7CA9 +9BH5@=B7CA9@CGG=B7@I89GB9H5ACFH=N5H=CB:FCA57EI=F9856CJ95B869@CKA5F?9H@95G9GC:  A=@@=CB  A=@@=CB5B8 A=@@=CB=B 5B8 F9GD97H=J9@M -<9F9A5=B=B;K9=;36C    ACFH=N5H=CBC:=B D@579@95G9G          ACFH=N5H=CBC:56CJ9A5F?9H@95G9G       ACFH=N5H=CBC:69@CKA5F?9H@95G9G                   GC:979A69F  H<95ACFH=N5H=CB:CF57EI=F98@95G9G8IF=B;H<9B9LH:=J9M95FG5B8H<9F95:H9F9L7@I8=B;H<9 F95@9GH5H95GG9HG<9@8:CFG5@9 5GGIA=B;BC95F@M@95G9H9FA=B5H=CBG =G5G:C@@CKG=BHIGHA9BHGHC5DDFCDF=5H9@MF9:@97H6CH<CIFCKBBCB D9F:CFA5B79F=G?5B8H<9 F9GD97H=J97CIBH9FD5FHMWGBCB D9F:CFA5B79F=G?=BH<9:5=FJ5@I9A95GIF9A9BHG "B58>IGH=B;H<9:5=FJ5@I9C:CIF89F=J5H=J9 7CBHF57HG:CFH<99::97HC:BCB D9F:CFA5B79F=G? K97CBG=89F98H<9=AD57HC:B9HH=B;5B85BM5DD@=756@97F98=H9B<5B79A9BHG  GI7<5G7C@@5H9F5@DCGH=B;G HCF=HMC:H<9=BDIHGIG98HCJ5@I9CIF89F=J5H=J9G:5@@K=H<=B%9J9@C:H<9:5=F J5@I9<=9F5F7IGHA9BHG5GGC7=5H98K=H<CIF89F=J5H=J9GIH=@=N9%9J9@=BDIHG GI7<5G9GH=A5H9GC: 7IFF9BH7F98=HGDF958GHC9J5@I5H9H<9@=?9@=IGHA9BHGCBH<9CJ9F5@@J5@I5H=CBC:CIF89F=J5H=J9 DCG=H=CB5B8<5J989H9FA=B98H<5HH<97F98=HJ5@I5H=CB58>IGHA9BHG5F9BCHG=;B=:=75BHHCH<9CJ9F5@@J5@I5H=CBC:CIF89F=J5H=J9  G5F9GI@H K9<5J989H9FA=B98H<5HCIF89F=J5H=J9J5@I5H=CB=B=HG9BH=F9HM=G7@5GG=:=98=B%9J9@C:H<9:5=FJ5@I9<=9F5F736C   646>36C   !6G6= !6G6= !6G6= )@E2= !6G6= !6G6= !6G6= )@E2= 9:9FF987CAD9BG5H=CB@=56=@=HM  T     T     T     T    "BH9F9GHF5H9GK5D5GG9H  T     T     T     T    "BH9F9GHF5H9GK5D@=56=@=HM  T  T  T  T  T  T  T  T -<9:5=FJ5@I9C:CIFG97IF98BCH9GD5M56@95B8IBG97IF98BCH9GD5M56@9=GG9BG=H=J9HC:@I7HI5H=CBG=B=BH9F9GHF5H9G  =G7CIBH9875G<:@CK5B5@MG=G%9J9@=G;9B9F5@@MIG98HC9GH=A5H9H<9:5=FJ5@I9C:CIFACFH;5;9G5B8BCH9GD5M56@9 IG=B; F5H9GF5B;=B;:FCA HC     CBG=89F56@9>I8;A9BH=GB979GG5FMHC9GH=A5H9H<9:5=FJ5@I9C::=B5B7=5@=BGHFIA9BHG -<99GH=A5H9GC::5=FJ5@I9 DF9G9BH98<9F9=B5F9BCHB979GG5F=@M=B8=75H=J9C:H<95ACIBHGH<5H7CI@869F95@=N98IDCB8=GDCG=H=CBC:H<9:=B5B7=5@ =BGHFIA9BHG -<975FFM=B;J5@I9GC:CIF@=B9C:7F98=H5B8H9FA@C5BG9H:CFH<69@CK5F9899A98HC695H:5=FJ5@I9G=B79H<9 CIHGH5B8=B;896H=G8=F97H@MH=98HCACBH<@M,(+7CBHF57HG GIAA5FMC:H<975FFM=B;5ACIBH5B8:5=FJ5@I9C:CIF:=B5B7=5@ =BGHFIA9BHG 5@@C:K<=7<5F965G98CB%9J9@=BDIHG =G5G:C@@CKG=BH36C   646>36C   2CCJ:?8+2=F6 2:C+2=F6 2CCJ:?8+2=F6 2:C+2=F6 ,97IF98BCH9GD5M56@9             .BG97IF98H9FA@C5B             .BG97IF98G9B=CF;I5F5BH998BCH9G             ,9B=CFIBG97IF98BCH9G B9H              #$) $)'(()( (H<9F5GG9HG7CBG=GHC:H<9:C@@CK=B;=BH36C   646>36C   %95G=B;7CAA=GG=CBG B9HC:577IAI@5H985ACFH=N5H=CBC: 5B8   F9GD97H=J9@M       "BH9F9GHF5H9GK5D5GG9H       7EI=F9856CJ9A5F?9H@95G9G B9H     7EI=F98=B D@579@95G9G B9H       %95G9=B79BH=J9G B9HC:577IAI@5H985ACFH=N5H=CBC: 5B8  F9GD97H=J9@M       (H<9F=BH5B;=6@95GG9HG B9HC:577IAI@5H985ACFH=N5H=CBC: 5B8   F9GD97H=J9@M       96H=GGI5B797CGHGCB@=B9C:7F98=H B9HC:577IAI@5H985ACFH=N5H=CBC: 5B8   F9GD97H=J9@M      +=;36C   646>36C   7EI=F9869@CKA5F?9H@95G9G B9H       )F9D5=8F9BH5B889:9FF98F9J9BI9       ,HF5=;36C   646>36C   2D@7646>36C    "BH9F9GHCB@M -<9(D9F5H=B;)5FHB9FG<=D<5GDFCJ=898575FJ9 CIH;I5F5BH99CBH<9B9KACFH;5;95H=HM9BH9F9@@9JI9 9FH5=B @C5BGF9EI=F9H<9(D9F5H=B;)5FHB9FG<=DHC7CAD@MK=H<J5F=CIG:=B5B7=5@7CJ9B5BHG GC:979A69F  H<9(D9F5H=B; )5FHB9FG<=DK5G=B7CAD@=5B79K=H<H<9G9:=B5B7=5@7CJ9B5BHG *?D64FC65?@E6DA2J23=6 -<9:C@@CK=B;=G5GIAA5FMC:H<9(D9F5H=B;)5FHB9FG<=DGHCH5@IBG97IF98BCH9GD5M56@9CIHGH5B8=B;5GC:979A69F  5B8979A69F =BH36C   646>36C   2D@7646>36C      -<9(D9F5H=B;)5FHB9FG<=D<5G9BH9F98=BHCHKC=BH9F9GHF5H9GK5D5;F99A9BHGH<5H5F9=BH9B898HC:=LH<9=BH9F9GHF5H95GGC7=5H98K=H<-9FA%C5B5H 5DDFCL=A5H9@M H97HHC58>IGHA9BHG65G98CBCIF7CBGC@=85H98@9J9F5;9F5H=C  (B#5BI5FM  K99LH9B898-9FA%C5B5B8-9FA%C5BHC5A5HIF=HM85H9C:#5BI5FM K=H<CB9 HK9@J9 ACBH<9LH9BG=CBCDH=CB5B8 =B7F95G98H<9:I@@M8F5KB6CFFCK=B;GH<9F9IB89FHCA=@@=CB5B8A=@@=CB F9GD97H=J9@M (B#5BI5FM  K9F9D5=8H<99BH=F9HMC:-9FA%C5B 5B8-9FA%C5B  -<9(D9F5H=B;)5FHB9FG<=D9BH9F98=BHC=BH9F9GHF5H9GK5D5;F99A9BHGH<5H5F9=BH9B898HC:=LH<99::97H=J9=BH9F9GHF5H95GGC7=5H98K=H<-9FA%C5B5B8 -9FA%C5B GI6>97HHC58>IGHA9BHG65G98CBCIF7CBGC@=85H98@9J9F5;9F5H=C 5H  :FCA#5BI5FM HC#5BI5FM 5B85H :FCA #5BI5FM HC#5BI5FM    -<9(D9F5H=B;)5FHB9FG<=D9BH9F98=BHC5HF95GIFM@C7?7CBHF57HCB&5M  K<=7<K5GG9HH@98CB#IB9 5H5@CGGC:5DDFCL=A5H9@M  A=@@=CB -<9HF95GIFM@C7?7CBHF57HK5G899A98HC695<=;<@M9::97H=J975G<:@CK<98;9 577CF8=B;@M H<99::97H=J9=BH9F9GHF5H9=G5DDFCL=A5H9@M  D9F5BBIA (B#I@M  K96CFFCK98A=@@=CBCBCIF+9JC@J9F%C5B5G89:=B9869@CKHCF9D5MH<99BH=F9HMC:CIF,9F=9G'CH9GIDCBH<9=F A5HIF=HMCB#I@M   -<9,9B=CF'CH9GK9F9DF9D5=8=B:I@@CB979A69F  K=H97HHCH<9H9FAGC:H<9'CH9 )IF7<5G9;F99A9BH5B8H<9'CH9G IDCB79FH5=B9J9BHGC:89:5I@H =B7@I8=B; 6IHBCH@=A=H98HC =589:5I@H=BH<9D5MA9BHC: 5BMDF=B7=D5@ &5?9 097HHCHKC G=L ACBH<9LH9BG=CBCDH=CBG -9FA%C5BA5HIF9GCB#5BI5FM  K=H<BC :IFH<9F9LH9BG=CBCDH=CBG GC:979A69F  H<99BH=F9HMC:H<9DF=B7=D5@5ACIBHC:-9FA%C5BK5GCIHGH5B8=B;  H<9F9K9F9BC5ACIBHGCIHGH5B8=B;IB89FH<9+9JC@J9F%C5B 5B8H<9(D9F5H=B;)5FHB9FG<=D<58=B7IFF985DDFCL=A5H9@M  A=@@=CBC:B9H896H=GGI5B797CGHGK<=7<5F9F97CF898=BCH<9F5GG9HG B9HCBH<97CBGC@=85H9865@5B79G<99H CFH<9M95F 9B898979A69F  H<9K9=;IGHA9BH5B85GDF958K<=7< F5B;9G:FCA5   K=H<F9GD97HHCH<9+9JC@J9F%C5B5B86 HC K=H<F9GD97HHC-9FA%C5B =B 957<75G965G98CBCIF7CBGC@=85H98@9J9F5;9F5H=C CF565G9F5H99EI5@HCH<9<=;<9GHC:5H<9DF=A9F5H9 6H<9:989F5@ :IB8GF5H9D@IG6DG 7H<9-9FA,(+,7F99B+5H9K=H<5H9FAC:CB9ACBH<D@IG6DG5B88  D@IG5GDF958 K<=7<F5B;9G:FCA=   K=H<F9GD97HHCH<9+9JC@J9F%C5B5B8== HC K=H<F9GD97HHC-9FA%C5B  =B957<75G965G98CBCIF7CBGC@=85H98@9J9F5;9F5H=C (B#5BI5FM  H<9(D9F5H=B;)5FHB9FG<=D9BH9F98=BHC5B =BH9F9GHF5H9GK5D5;F99A9BH=BH9B898HC:=LH<9=BH9F9GHF5H95GGC7=5H98K=H<H<9-9FA%C5B5H5DDFCL=A5H9@M H97HHC58>IGHA9BHG65G98CBCIF7CBGC@=85H98@9J9F5;9F5H=C -<9-<=F8A9B8985B8+9GH5H98F98=H57=@=HM=B7@I89G5BIA69FC:7IGHCA5FM:=B5B7=5@7CJ9B5BHG =B7@I8=B; P A5L=AIA@9J9F5;9F5H=C89:=B985GHCH5@=B896H98B9GGB9HC:79FH5=B75G<5B875G<9EI=J5@9BHGHCHCH5@5GG9H J5@I9C:  P A5L=AIAG97IF98@9J9F5;9F5H=C89:=B985GHCH5@G97IF98896HHCG97IF98HCH5@5GG9HJ5@I9C:  P A=B=AIA:=L987<5F;97CJ9F5;9F5H=C89:=B985G7CBGC@=85H9895FB=B;G69:CF9=BH9F9GH H5L9G 89DF97=5H=CB5B8 5ACFH=N5H=CBHC7CBGC@=85H98:=L987<5F;9GC: L P A=B=AIAIBG97IF98=BH9F9GH7CJ9F5;9F5H=CC: L P A5L=AIAIBG97IF98@9J9F5;9F5H=CC: 5B8 P +97CIFG9=B896H98B9GG5H5BMH=A975BBCH9L7998C:HCH5@5GG9HJ5@I9  -<9-<=F8A9B8985B8+9GH5H98F98=H57=@=HM5@GCDFCJ=89GH<5HCIF5BBI5@8=GHF=6IH=CBGA5MBCH9L7998H<9;F95H9FC: C:CIF(CFH<95ACIBHF9EI=F98:CFIGHC5EI5@=:M5B8A5=BH5=BCIF+"-GH5HIG5B865JC=8H<9D5MA9BHC: :989F5@CFGH5H9=B7CA9CF9L7=G9H5L ":79FH5=B9J9BHGC:89:5I@H9L=GHCFKCI@8F9GI@H:FCA58=GHF=6IH=CB K9A5M69DF97@I898 :FCAA5?=B;8=GHF=6IH=CBGCH<9FH<5BH97HHC79FH5=B7CB8=H=CBG G C:979A69F  H<99BH=F9HMC:H<9DF=B7=D5@5ACIBHGC:-9FA%C5B5B8-9FA%C5BK9F9CIHGH5B8=B; (B#5BI5FM   K9F9D5=8H<99BH=F9HMC:-9FA%C5B5B8-9FA%C5B CFFCK=B;GIB89FH<9A9B8985B8+9GH5H98-9FA%C5B;F99A9BH695F=BH9F9GH5H:@C5H=B;F5H9G9EI5@HC 5HH<9 (D9F5H=B;)5FHB9FG<=DWGCDH=CB 9=H<9FH<95DD@=756@9,(+ D@IG5,(+58>IGHA9BH5B85GDF95865G98CBH<9(D9F5H=B; )5FHB9FG<=DWG7CBGC@=85H98@9J9F5;9F5H=C5B85DD@=756@9M95FC:-9FA%C5B5B8-9FA%C5BF5B;=B;:FCA HC   CF565G9F5H99EI5@HCH<9<=;<9GHC:5 6H<9DF=A9F5H9 7H<9:989F5@:IB8GF5H9D@IG6DG5B88H<9CB9 ACBH< ,(+ D@IG5,(+58>IGHA9BH5B86DG D@IG =B957<75G9 5GDF95865G98CBH<9(D9F5H=B;)5FHB9FG<=DWG7CBGC@=85H98 @9J9F5;9F5H=C5B85DD@=756@9M95FC:-9FA%C5B5B8-9FA%C5BF5B;=B;:FCA HC   88=H=CB5@@M H<9(D9F5H=B;)5FHB9FG<=DA5M9@97H:CF6CFFCK=B;GHC695F=BH9F9GH65G98CB5F5H=B;G 65G98DF=7=B;;F=8 65G98CBH<9(D9F5H=B;)5FHB9FG<=DWGH<9B 5DD@=756@9=BJ9GHA9BH;F589896HF5H=B;GIB89FH<9H9FAGG9H:CFH<=BH<9A9B898 5B8+9GH5H98-9FA%C5B;F99A9BH )F=CFHC9BH9F=B;=BHCH<9A9B8985B8+9GH5H98-9FA%C5B;F99A9BH H<9(D9F5H=B; )5FHB9FG<=D9BH9F98=BHC=BH9F9GHF5H9GK5D5;F99A9BHGH<5H5F9=BH9B898HC:=LH<9=BH9F9GHF5H95GGC7=5H98K=H<-9FA%C5B5B8 -9FA%C5B5H5DDFCL=A5H9@M :CFH<9:=FGHM95FC:-9FA%C5B5B8-9FA%C5B5B8 :CFH<9G97CB8M95F C:-9FA%C5B5B8-9FA%C5B GI6>97HHC58>IGHA9BHG65G98CBH<97CAD5BMWG7CBGC@=85H98@9J9F5;9F5H=C -<9A9B8985B8+9GH5H98-9FA%C5B;F99A9BH7CBH5=BG5BIA69FC:7IGHCA5FM:=B5B7=5@7CJ9B5BHG =B7@I8=B;  K=H97HHCH<9H9FAGC:H<9-9FA%C5B;F99A9BH IDCB79FH5=B9J9BHGC:89:5I@H =B7@I8=B; 6IHBCH@=A=H98HC =589:5I@H=B H<9D5MA9BHC:5BMDF=B7=D5@CF=BH9F9GHIB89F-9FA%C5BCF-9FA%C5B 5B8==589:5I@H=BH<9D5MA9BHC:79FH5=BCH<9F =B896H98B9GGC:H<9(D9F5H=B;)5FHB9FG<=D H<97CAD5BMCFH<9=FGI6G=8=5F=9G H<9DF=B7=D5@5B8577FI985B8IBD5=8=BH9F9GH5B8 DF9D5MA9BHD9B5@H=9GCBH<9CIHGH5B8=B;-9FA%C5BCF-9FA%C5BK=@@697CA98I95B8D5M56@95HH<9CDH=CBC:H<9 @9B89FG   #$) '+)+##)+)( (IFC6>97H=J9G=BIG=B;89F=J5H=J9G5F9HC588GH56=@=HMHC=BH9F9GH9LD9BG95B8HCA5B5;99LDCGIF9HC=BH9F9GHF5H9 ACJ9A9BH -C577CAD@=G<H<9G9C6>97H=J9G K9IG9=BH9F9GHF5H9GK5DG5GD5FHC:CIF=BH9F9GHF5H9F=G?A5B5;9A9BH GHF5H9;M "BH9F9GHF5H9GK5DG89G=;B5H985G75G<:@CK<98;9G=BJC@J9H<9F979=DHC:J5F=56@9 F5H95ACIBHG:FCA57CIBH9FD5FHM=B 9L7<5B;9:CFIGA5?=B;:=L98 F5H9D5MA9BHGCJ9FH<9@=:9C:H<95;F99A9BHGK=H@F?E 7764E:G62E6 "2EFC:EJ2E6 2:C+2=F6 5B?C:A9F=75 '              09@@G5F;C5B? '              09@@G5F;C5B? '             &=NI97HHC58>IGHA9BHG65G98CBCIF7CBGC@=85H98@9J9F5;9F5H=C 5GGC7=5H98K=H< -9FA%C5B5H :FCA#5BI5FM HC#5BI5FM 5B85H :FCA#5BI5FM HC#5BI5FM  GI6>97H HC58>IGHA9BHG65G98CBCIF7CBGC@=85H98896HF5H=C5B85GGC7=5H98K=H<-9FA%C5B5H :FCA#5BI5FM HC #5BI5FM 5B85H :FCA#5BI5FM HC#5BI5FM  GI6>97HHC58>IGHA9BHG65G98CBCIF7CBGC@=85H98896H F5H=C -<9:CFK5F8 GH5FH=B;=BH9F9GHF5H9GK5D7CBHF57HG5GGC7=5H98K=H<-9FA%C5B -9FA%C5B 5B8-9FA%C5B957< <5J9577FI5@D9F=C8G89G=;B98HCA5H7<H<9F9GD97H=J9H9BCFGC:H<9G9H9FA@C5BG  )F=CFHCH<9=GGI5B79C:H<9 ,9B=CF'CH9G H<9(D9F5H=B;)5FHB9FG<=D9BH9F98=BHC5HF95GIFM@C7?7CBHF57HCB ,9DH9A69F :CFA=@@=CB5B8,9DH9A69F :CF5B588=H=CB5@A=@@=CB K<=7<K9F96CH<G9HH@98CB ,9DH9A69F 5H57CA6=B98@CGGC:5DDFCL=A5H9@M A=@@=CB G5F9GI@HC:H<9@CGGCBH<9G9HF95GIFM@C7?7CBHF57HG 5B8H<9896H8=G7CIBH H<99::97H=J9F5H9CBCIF ,9B=CF'CH9G=G D9F5BBIA -<9HF95GIFM@C7?7CBHF57HG<5J9 699B899A98HC69<=;<@M9::97H=J975G<:@CK<98;9G5B8<5J9699B89G=;B5H985G577CIBH=B;<98;9G BM;5=BGCF@CGG9G =B7IFF98IDCBH<9G9HH@9A9BHC:H<9G9HF95GIFM@C7?7CBHF57HG5F9=B7@I898=B577IAI@5H98CH<9F7CADF9<9BG=J9=B7CA95B85F9 5ACFH=N98HC=BH9F9GH9LD9BG9CJ9FH<9@=:9C:H<9 ,9B=CF'CH9G 095@GCDF9J=CIG@M9BH9F98=BHC:CFK5F8 GH5FH=B;=BH9F9GHF5H9GK5D7CBHF57HG=B7CBB97H=CBK=H<CIF,9F=9G'CH9GH<9 U,9F=9G"BH9F9GH+5H9,K5DGV K<=7<K9GI6G9EI9BH@MG9HH@98 -<9,9F=9G"BH9F9GH+5H9,K5DG:=L98H<99::97H=J9=BH9F9GH F5H9C:H<9,9F=9G'CH9G5H D9F5BBIA @@C:H<9:CFK5F8 GH5FH=B;=BH9F9GHF5H9GK5D7CBHF57HGH<5HK9<5J99BH9F98=BHC <5J9699B899A98HC69<=;<@M9::97H=J975G<:@CK<98;9G5B8<5J9699B89G=;B5H985G577CIBH=B;<98;9G "B588=H=CB K9<5J99BH9F98=BHCHF95GIFM@C7?7CBHF57HG:FCAH=A9HCH=A9=B7CBB97H=CBK=H<H<9(D9F5H=B;)5FHB9FG<=DWG 'CH9GHCF98I79H<9=F=BH9F9GHF5H9J5F=56=@=HM9LDCGIF9 G5F9GI@HC:H<9G9HF95GIFM@C7?7CBHF57HGH<99::97H=J9=BH9F9GHF5H9 C:CIF,9F=9G'CH9G=G D9F5BBIA H<99::97H=J9=BH9F9GHF5H9C:CIF,9F=9G'CH9G=G D9F5BBIA 5B8H<9 9::97H=J9=BH9F9GHF5H9C:CIF,9F=9G 'CH9G=G D9F5BBIA -<9G9HF95GIFM@C7?7CBHF57HG<5J9699B899A98HC69<=;<@M 9::97H=J975G<:@CK<98;9G5B8<5J9699B89G=;B5H985G577CIBH=B;<98;9G BM;5=BGCF@CGG9G=B7IFF98IDCBH<9G9HH@9A9BHC: H<9G9HF95GIFM@C7?7CBHF57HG5F9=B7@I898=B577IAI@5H98CH<9F7CADF9<9BG=J9=B7CA95B85F95ACFH=N98HC=BH9F9GH9LD9BG9 CJ9FH<9@=:9C:H<9F9@5H98G9F=9GC:'CH9G  -<99::97H=J9DCFH=CBC:7<5B;9G=BH<9:5=FJ5@I9C:H<989F=J5H=J9GH<5H5F989G=;B5H985G75G<:@CK<98;9G5F969=B; F97CF8985G577IAI@5H98CH<9F7CADF9<9BG=J9=B7CA95B8K=@@69GI6G9EI9BH@MF97@5GG=:=98=BHC95FB=B;G8IF=B;H<9D9F=C8=B K<=7<H<9<98;98:CF975GH98HF5BG57H=CB5::97HG95FB=B;G CFH<9B9LHHK9@J9ACBH)(,%6)7 09<5J9699B5IH@F?EA6C (92C6 *?:E %6C:@5@G6C65 :G:56?5%2:52E6 =FGH*I5FH9F    #5BI5FM HC&5F7<  &5F7<  ,97CB8*I5FH9F    DF=@ HC#IB9  #IB9  -<=F8*I5FH9F    #I@M HC,9DH9A69F  ,9DH9A69F  CIFH<*I5FH9F    (7HC69F HC979A69F  979A69F  =FGH*I5FH9F    #5BI5FM HC&5F7<  &5F7<  ,97CB8*I5FH9F    DF=@ HC#IB9  #IB9  -<=F8*I5FH9F    #I@M HC,9DH9A69F  ,9DH9A69F  CIFH<*I5FH9F    (7HC69F HC979A69F  979A69F  =FGH*I5FH9F    #5BI5FM HC&5F7<  &5F7<  ,97CB8*I5FH9F    DF=@ HC#IB9  #IB9  -<=F8*I5FH9F    #I@M HC,9DH9A69F  ,9DH9A69F  CIFH<*I5FH9F    (7HC69F HC979A69F  979A69F  %<%&-0-8=3*-:-()2(7 5FB=B;G5B8DFC:=HG K<=7<89H9FA=B9H<9H5L56=@=HMC:8=GHF=6IH=CBGHCGHC7?36C    %6C(92C6  %6C(92C6  %6C(92C6  (F8=B5FM=B7CA9                5D=H5@;5=B  T T  T T  T T +9HIFBC:75D=H5@                -CH5@                83'/%7)(314)27%8-32 -<97CAD5BM<5G9GH56@=G<98H<9EI=HM"B79BH=J9K5F8)@5B K<=7<DFCJ=89G:CF;F5BHGHC8=F97HCFG 9AD@CM99G 5B87CBGI@H5BHGC:H<97CAD5BM5B8H<9(D9F5H=B;)5FHB9FG<=DC:GHC7?CDH=CBG F9GHF=7H98GHC7? 8=J=89B89EI=J5@9BHG GHC7? D5MA9BHG D9F:CFA5B79G<5F9G %-")IB=HG GHC7?5DDF97=5H=CBF=;36C #IB9       979A69F         #IB9       979A69F         #IB9       979A69F         979A69F        +9GHF=7H987CAACBGHC7?=GGI98HCA9A69FGC:H<97CAD5BMGBCB 9AD@CM998=F97HCFG -<9G95K5F8GC:F9GHF=7H98GHC7?K=@@J9GHGI6>97HHCH<98=F97HCFG 7CBH=BI98G9FJ=79CBH<9C5F8C:=F97HCFGCBH<995F@=9FC:=H<9CB9M95F5BB=J9FG5FMC:H<985H9C:;F5BHCF==H<985H9C:H<9B9LH5BBI5@A99H=B;C: CIFGHC7?97HHCEI5BH=H5H=J95B8EI5@=H5H=J9 D9F:CFA5B797F=H9F=565G98J9GH=B; .DHCCB9 H<=F8C:H<9G<5F9GC:F9GHF=7H98GHC7?A5MJ9GH65G98CBGI7<D9F:CFA5B797F=H9F=589H9FA=B985GC: 'CJ9A69F  5B8 GI6>97HHCH<99AD@CM99G7CBH=BI989AD@CMA9BHCBH97HHCEI5BH=H5H=J95B8EI5@=H5H=J9 D9F:CFA5B797F=H9F=565G98J9GH=B; .DHCCB9 H<=F8C:H<9G<5F9GC:F9GHF=7H98GHC7?A5MJ9GH65G98CBGI7<D9F:CFA5B797F=H9F=589H9FA=B985GC: 'CJ9A69F  5B8 GI6>97HHCH<99AD@CM99G7CBH=BI989AD@CMA9BHCBH97HHCEI5BH=H5H=J95B8EI5@=H5H=J9 D9F:CFA5B797F=H9F=565G98J9GH=B; .DHCCB9 H<=F8C:H<9G<5F9GC:F9GHF=7H98GHC7?A5MJ9GH65G98CBGI7<D9F:CFA5B797F=H9F=589H9FA=B985GC: 'CJ9A69F  5B8 GI6>97HHCH<99AD@CM99G7CBH=BI989AD@CMA9BHCBH97HHC&F 0M@@G7CBH=BI989AD@CMA9BHCBH97HHCAI@H=D@9J9GH=B;7CB8=H=CBG5G:C@@CKG5G9FJ=797CB8=H=CBK<=7< F9EI=F9G7CBH=BI989AD@CMA9BHC:H<99AD@CM995GC:957<J9GH=B;85H98IF=B;H<9HIGH98:CF7<5B;9GHCDFC656=@=H=9GC:57<=9J=B;D9F:CFA5B79H5F;9HG 5B8 F97C;B=N99LD9BG9CJ9FH<9J9GH=B;D9F=C8 CFH<9F9GHF=7H98GHC7?;F5BHGH<5H5F9H=A9 J9GH=B; =GGI98HCCIFBCB 9AD@CM99 8=F97HCFG K99GH=A5H9H<9GHC7?7CAD9BG5H=CB9LD9BG965G98CBH<9:5=FJ5@I9C:H<9GHC7?5HH<9;F5BH85H9 -<9:C@@CK=B;H56@9GIAA5F=N9GH<957H=J=HMC:BCB J9GH98F9GHF=7H98GHC7?5K5F8G8IF=B;H<9M95F9B898979A69F    *?:ED ,6:89E65G6C286 C2?E2E62:C +2=F6 5@5B795H69;=BB=B;C:M95F       F5BH98       /9GH98       CF:9=H98       5@5B795H9B8C:M95F       09F97C;B=N9BCB75G<7CAD9BG5H=CB9LD9BG9F5H56@MCJ9FH<9J9GH=B;D9F=C8 5B8577CF8=B;@M K9F97C;B=N98  A=@@=CB  A=@@=CB5B8 A=@@=CB=BBCB75G<7CAD9BG5H=CB9LD9BG9:CFH<9M95FG9B898979A69F  5B8  F9GD97H=J9@M 957<C:K<=7<=G=B7@I898=B;9B9F5@5B858A=B=GHF5H=J99LD9BG9CBH<9GH5H9A9BHC:7CADF9<9BG=J9=B7CA9  .BF97C;B=N987CAD9BG5H=CB9LD9BG9K5G A=@@=CB5H979A69F  K<=7<K=@@69F97C;B=N98CJ9F5K9=;97HHCH=A9J9GH=B;5F95BH= 8=@IH=J9:CF5@@D9F=C8GDF9G9BH985B8 577CF8=B;@M <5J9699B9L7@I898:FCAH<9K9=;IGH98:CFH<99::97HC: D5FH=7=D5H=B;G97IF=H=9G (D9F5H=B;)5FHB9FG<=DIB=HG;F5BH98=B9EI=HM 65G98D5MA9BHHF5BG57H=CBG5F97CBG=89F98D5FH=7=D5H=B; G97IF=H=9GDF=CFHCJ9GH=B; -<9=AD57HC:IBJ9GH98(D9F5H=B;)5FHB9FG<=DIB=H5K5F8GCB).<5G699B75@7I@5H98IG=B;H<9 HKC 7@5GGA9H36C    #*"')$' '9H=B7CA9          %9GG'9H=B7CA95HHF=6IH56@9HCF9GHF=7H98G<5F9G       %9GG"B7CA95HHF=6IH56@9HCIB=H62EEC:3FE23=6E@4@>>@?DE@4<9@=56CDL32D:4          "B7CA95HHF=6IH56@9HCA9F=75BGG9HG-FIGH "B7 7CAACBGHC7?62EEC:3FE23=6E@4@>>@?DE@4<9@=56CDL5:=FE65          #$"#)$' 09=;>@?D92C632D:4          2C?:?8DA6C4@>>@?D92C65:=FE65          #$) #$")-( 099@97H98HC69H5L985G5+"-5B8CD9F5H9=B5A5BB9FH<5H5@@CKGIGHCEI5@=:M5G5+"-:CF:989F5@=B7CA9H5L DIFDCG9G7CAA9B7=B;K=H<CIFH5L56@9M95F9B898979A69F  G5+"- K95F9;9B9F5@@MBCHGI6>97HHC7CFDCF5H9   @9J9@=B7CA9H5LCBH<995FB=B;G8=GHF=6IH987IFF9BH@MHCCIFGHC7?97HHCGH5H95B8 @C75@=B7CA9H5L9G5B8CIF-+,=GGI6>97HHC:989F5@5B8GH5H9=B7CA9H5L9G 09@95G9CIF97HHC:989F5@5B8GH5H9=B7CA9H5L9G 09577CIBH:CF =B7CA9H5L9GIG=B;H<95GG9H5B8@=56=@=HMA9H36C    IFF9BH 989F5@      T ,H5H9         9:9FF98 989F5@  T     ,H5H9       )FCJ=G=CB:CF=B7CA9H5L9G          #$) $"")"#)(#$#)##( )+%0 095F9GCA9H=A9G=BJC@J98=BJ5F=CIG8=GDIH9G @5KGI=HG K5FF5BHM7@5=AG 9BJ=FCBA9BH5@5B8CH<9FA5HH9FG5F=G=B;=BH<9 CF8=B5FM7CIFG9C:6IG=B9GG &5B5;9A9BHA5?9G5GGIADH=CBG5B89GH=A5H9G7CB79FB=B;H<9@=?9@=97HHC=B<9F9BHIB79FH5=BH=9G @GC IB89FCIF@95G9G H9B5BHG5F9HMD=75@@MC6@=;5H98HC =B89AB=:MIG:FCA5B85;5=BGH5@@@=56=@=H=9G 7CGHG5B89LD9BG9G=ADCG98IDCBCF5GG9FH985;5=BGHIG5GCKB9FC:H<9DFCD9FH=9G 8I9HC79FH5=BA5HH9FGF9@5H=B;HCH<9H9B5BHGCD9F5H=CBG5HCIFDFCD9FH=9G  311-81)287 ,99CCHBCH9:CF89G7F=DH=CBC:CIF@95G9G 5G5@9GG99 09<5J9A5B5;9A9BH5;F99A9BHGK=H<(IHF=;;9F!CH9@G+9GCFHGCF5B5::=@=5H9H<9F9C:U(IHF=;;9FVDIFGI5BHHCK<=7< (IHF=;;9FA5B5;9G957<C:H<9F9H5=@5B897HHCH<9H9FAGC:5DFC8I7H=ADFCJ9A9BHD@5B DIFGI5BHHCK<=7<K99LD97HHCIB89FH5?979FH5=B57H=CBGHC9BGIF9H<5HCIF97HHCH<9F=G?G5GGC7=5H98K=H<5B =BJ9GHA9BH=BF95@9GH5H9K=H<57CB79BHF5H=CBC:H9B5BHG=BH<9C::=79=B8IGHFM -9B5BHG=BH<9F9H5=@=B8IGHFM577CIBH98:CF 5B8 C:HCH5@F9J9BI9G:CFH<9M95FG979A69F 5B8  F9GD97H=J9@M -<=GA5?9GIGGIG79DH=6@9HC89A5B8:CFF9H5=@F9BH5@GD5795B8GI6>97HHCH<9F=G?G5GGC7=5H98K=H<5B =BJ9GHA9BH=BF95@9GH5H9K=H<57CB79BHF5H=CBC:H9B5BHG=BH<9F9H5=@=B8IGHFM -KCF9H5=@DFCD9FH=9G @5AC*I5FFM&5F?9H5B8 05=?9@99BH9F7CA6=B98577CIBH98:CF 5B8 C:HCH5@F9J9BI9G:CFH<9M95FG9B898979A69F 5B8  F9GD97H=J9@M CFH<9M95FG9B898979A69F 5B8 BCH9B5BH577CIBH98:CFACF9H<5B C:CIFHCH5@F9BH5@F9J9BI9  H979A69F   CC;@9%%5H-<9%5B8A5F?5H(B9&5F?9H577CIBH98:CF C:HCH5@5BBI5@=N9865G9F9BH -I8;A9BHG 09 @95G9F95@9GH5H9IB89FCD9F5H=B;@95G9G (IF@95G9GK=H<C::=79 F9H5=@ A=L98 IG95B8F9G=89BH=5@H9B5BHG5F97@5GG=:=985GCD9F5H=B;@95G9G %95G9G5HCIFC::=795B8 F9H5=@DFCD9FH=9G5B8H<9F9H5=@DCFH=CBC:CIFA=L98 IG9DFCD9FHM;9B9F5@@MF5B;9:FCAHCF=HM<5J=B;ACBH<@95G9H9FAG +CCAG5HH<997HHCJ5F=CIGA5F?9H GD97=:=7 5GG9H GD97=:=7 5B8H9B5BH GD97=:=7F=G?G5B87<5F57H9F=GH=7G  H979A69F  CIFC::=79 F9H5=@5B8A=L98 IG9DFCD9FH=9G5F9@C75H98=B:=J9GH5H9G5@=:CFB=5 05G<=B;HCB  (F9;CB -9L5G5B8!5K5== H979A69F  K9<585DDFCL=A5H9@M@95G9GK=H<C::=795B8F9H5=@H9B5BHG =B7@I8=B; H<9F9H5=@DCFH=CBC:CIFA=L98 IG9DFCD9FHM (IFAI@H=:5A=@MDFCD9FH=9G5F9@C75H98=B,CIH<9FB5@=:CFB=55B8)CFH@5B8  (F9;CB 5B8K9<58 @95G9GK=H<F9G=89BH=5@H9B5BHG5H979A69F  9L7@I8=B;,5BH59)5F?+/+9GCFH  GC:979A69F  A=B=AIA:IHIF9F9BH5@G:FCABCB75B79@56@9CD9F5H=B;@95G9G69:CF95BMF9G9FJ9:CF IB7C@@97H=6@95ACIBHG5B85GGIA=B;BC95F@M@95G9H9FA=B5H=CBG 5HCIFC::=795B8F9H5=@DFCD9FH=9G5B8H<9F9H5=@DCFH=CBC:CIF A=L98 IG9DFCD9FHM9L7@I8=B;H<9F95@9GH5H95GG9HG<9@8:CFG5@95F95G:C@@CKG:CFH<9M95FG9B898979A69F=B HI8;A9BHG 09 @95G9F95@9GH5H9IB89FCD9F5H=B;@95G9G H-<9%5B8A5F?5H(B9&5F?9H K9@95G9 5G@9GG99 56I=@8=B;58>579BHHC-<9%5B8A5F?5H(B9&5F?9HIB89F5B CD9F5H=B;@95G99::97H=J9H36C    (D9F5H=B;@95G97CGH       ,I6@95G9=B7CA9       -CH5@@95G9=B7CA97CGH     09=;36C    (D9F5H=B;75G<:@CK=B:CFA5H=CB 5G<D5=8:CF5ACIBHG=B7@I898=BH<9A95GIF9A9BHC:@95G9@=56=@=H=9G       9&0)%7)7 H-<9%5B8A5F?5H(B9&5F?9H K95GGI6@5B8@CF8GI6@95G9H<9BB9L%95G96I=@8=B;IB89FCD9F5H=B;@95G9G9::97H=J9 H97HHCCIF56=@=HMHC9LH9B8H<9BB9L%95G9 H<5H75B 9LH9B8H<9GI6@95G9GH36C    &=B=AIAF9BHG (::=79          +9H5=@          &I@H=:5A=@M          &=L98 .G9          )9F79BH5;9F9BH          !CH9@F9J9BI9          (H<9F          -CH5@F9BH5@=B7CA9          &=B=AIAF9BHG=B7@I89 A=@@=CB  A=@@=CB5B8 A=@@=CB:CFH<9M95FG9B898979A69F  5B8  F9GD97H=J9@M HCF97C;B=N9A=B=AIAF9BHGCB5GHF5=;36C    +9BH5@CD9F5H=B;          !CH9@CD9F5H=B;          +9D5=FG5B8A5=BH9B5B79          &5F?9H=B;          +9BH          !5K5==9L7=G9H5L          &5B5;9A9BH:99G          -CH5@F9BH5@9LD9BG9G          #$)  $)'-%#(#$" -<9DF=B7=D5@7CADCB9BHGC:CH<9F9LD9BG9=B7CA9 B9H5F95G:C@@CKG=BH36C    "BH9F9GH5B8=BJ9GHA9BH=B7CA9         "B7CA9H5L9LD9BG969B9:=H        (H<9FBCB CD9F5H=B;=B7CA99LD9BG9        T -CH5@CH<9F=B7CA99LD9BG9         CFH<9M95F9B898979A69F  CH<9FBCB CD9F5H=B;=B7CA9=B7@I89GH<9B9HG9HH@9A9BHD5MA9BHC: 5DDFCL=A5H9@M A=@@=CBF979=J98CB#5BI5FM F9@5H98HC6I=@8=B;GD97=:=75H=CBG:CFCB9C:H<99L=GH=B;6I=@8=B;G5H CIFC::=79DFC>97H=B.B=J9FG=HM-CKB9BH9F,5B=9;C CFH<9M95F9B898979A69F  CH<9FBCB CD9F5H=B;=B7CA9 =B7@I89GH<9G9HH@9A9BHD5MA9BHC:5DDFCL=A5H9@M A=@@=CBF979=J98CB#5BI5FM F9@5H98HC79FH5=B6I=@8=B;GMGH9AG 5HCIF!5GG5@CCB=;CF=HM CKB985B87CBHFC@@986M&F +58M IF=B;H<9:CIFH<EI5FH9FC: K99BH9F98=BHC5@95G9H9FA=B5H=CB5;F99A9BHK=H< BG=;579BH:57=@=H=9G -<9 CD9F5H=B;9LD9BG9GC:00!)%%5F9F97CJ9F98H36C    38%0**-') )FCD9FHMF9J9BI9          +9BH5@LD9BG9G          +95@GH5H9-5L9G          )FCD9FHM9LD9BG9          ,9;A9BHDFC:=H          38%0)8%-0 )FCD9FHMF9J9BI9          +9BH5@LD9BG9G          +95@GH5H9-5L9G          )FCD9FHM9LD9BG9          ,9;A9BHDFC:=H          38%0908-*%1-0= )FCD9FHMF9J9BI9          +9BH5@LD9BG9G          +95@GH5H9-5L9G          )FCD9FHM9LD9BG9          ,9;A9BHDFC:=H          38%0-<)(!7) )FCD9FHMF9J9BI9          +9BH5@LD9BG9G          +95@GH5H9-5L9G          )FCD9FHM9LD9BG9          ,9;A9BHDFC:=H          -CH5@G9;A9BHGWDFC:=H            -<9:C@@CK=B;H56@9=G5F97CB7=@=5H=CBC:G9;A9BHDFC:=HHCB9H=B7CA95HHF=6IH56@9HCGHC7?36C    -CH5@G9;A9BHGDFC:=H          9B9F5@5B858A=B=GHF5H=J9          9DF97=5H=CB5B85ACFH=N5H=CB          "BH9F9GH9LD9BG9 B9H          %CGGCB95F@M9LH=B;I=G6          '9H=B7CA95HHF=6IH56@9HCF9GHF=7H98G<5F9G       '9H=B7CA95HHF=6IH56@9HCIB=H62EEC:3FE23=6E@>6C:42?DD6ED)CFDE?4 DE@4<9@=56CD          -<9:C@@CK=B;H56@9G36C   646>36C   #6EC62=6DE2E6 (::=79         +9H5=@       &I@H=:5A=@M       &=L98 .G9               (64FC65#@E6D%2J23=6  (::=79       +9H5=@  T  T       2A:E2=IA6?5:EFC6D (::=79       +9H5=@       &I@H=:5A=@M       &=L98 .G9              L7@I89GH<9F95@9GH5H95GG9HG<9@8:CFG5@9  L7@I89GIB5ACFH=N98896H=GGI5B797CGHGC: A=@@=CB5B8 A=@@=CB5GC:979A69F 5B8 F9GD97H=J9@M  5D=H5@9LD9B8=HIF9GF9DF9G9BH75G<D5=8:CF75D=H5@9LD9B8=HIF9G8IF=B;H<9M95F5B8=B7@I89G@95G=B;7CAA=GG=CBGD5=8 #$)  &*')'!.##!#$'")$#*#*) -<9H56@9G69@CKF9:@97HG9@97H98A9F=75BGG9HG-FIGH "B7 EI5FH9F@M=B:CFA5H=CB:CF5B8=BH36C   (6AE6>36C   F?6   "2C49   -CH5@F9J9BI9             (D9F5H=B;=B7CA9             '9H=B7CA9             '9H=B7CA95HHF=6IH56@9HCF9GHF=7H98G<5F9G         '9H=B7CA95HHF=6IH56@9HCIB=H36C   (6AE6>36C   F?6   "2C49   -CH5@F9J9BI9             (D9F5H=B;=B7CA9             '9H=B7CA9             '9H=B7CA95HHF=6IH56@9HCF9GHF=7H98G<5F9G         '9H=B7CA95HHF=6IH56@9HCIB=H36C   (6AE6>36C   F?6   "2C49   -CH5@F9J9BI9             (D9F5H=B;=B7CA9         '9H=B7CA9         '9H=B7CA95HHF=6IH56@9HCF9GHF=7H98G<5F9G     '9H=B7CA95HHF=6IH56@9HCA9F=75BGG9HG-FIGH % )  IB=H36C   (6AE6>36C   F?6   "2C49   -CH5@F9J9BI9             (D9F5H=B;=B7CA9         '9H=B7CA9         '9H=B7CA95HHF=6IH56@9HCF9GHF=7H98G<5F9G     '9H=B7CA95HHF=6IH56@9HCA9F=75BGG9HG-FIGH % )  IB=H3C2?46 2D@7 646>36C   ?:E:2=@DE @DE 2A:E2=:K65 (F3D6BF6?E E@ 4BF:D:E:@? C@DD2CCJ:?8>@F?E 2E646>36C   44F>F=2E65 6AC64:2E:@? 2?5 >@CE:K2E:@? .62CF:=E "@DE'646?E '6?@G2E:@? 2E6 4BF:C65 !:76@?H9:49 56AC64:2E:@?:? =2E6DE:?4@>6 DE2E6>6?ED:D 4@>AFE65 6D4C:AE:@? !2?5 F:=5:?82?5 >AC@G6>6?ED !2?5 F:=5:?82?5 >AC@G6>6?ED >6C:42?DD6ED)CFDE?4 2?5>6C:42?DD6ED)CFDE! % (*!L@?D@=:52E65'62=DE2E62?544F>F=2E656AC64:2E:@? ?)9@FD2?5D  9 )57=:=7+=8;9D5FHA9BHG T                 M95FG !5GG5@CCB=;3C2?46 2D@7 646>36C   ?:E:2=@DE @DE 2A:E2=:K65 (F3D6BF6?E E@ 4BF:D:E:@? C@DD2CCJ:?8>@F?E 2E646>36C   44F>F=2E65 6AC64:2E:@? 2?5 >@CE:K2E:@? .62CF:=E "@DE'646?E '6?@G2E:@? 2E6 4BF:C65 !:76@?H9:49 56AC64:2E:@?:? =2E6DE:?4@>6 DE2E6>6?ED:D 4@>AFE65 6D4C:AE:@? !2?5 F:=5:?82?5 >AC@G6>6?ED !2?5 F:=5:?82?5 >AC@G6>6?ED -<9H56@956CJ99L7@I89GH<9F95@9GH5H95GG9HG<9@8:CFG5@95GC:979A69F  CF989F5@H5LDIFDCG9G H<95;;F9;5H9H5L65G=G=G5DDFCL=A5H9@M 6=@@=CB5GC:979A69F  9L7@I8=B;H<9F95@9GH5H95GG9HG<9@8:CFG5@9  >6C:42?DD6ED)CFDE?4 2?5>6C:42?DD6ED)CFDE! % (*!L@?D@=:52E65'62=DE2E62?544F>F=2E656AC64:2E:@? ?)9@FD2?5D  0 .62C?565646>36C    +95@9GH5H95GG9HG 5@5B79 69;=BB=B;C:D9F=C8           88=H=CBG )FCD9FHM57EI=G=H=CBG T T   "ADFCJ9A9BHG       98I7H=CBG +95@9GH5H95GG9HG<9@8:CFG5@9   T T (H<9F       5@5B79 9B8C:D9F=C8             77IAI@5H9889DF97=5H=CB 5@5B79 69;=BB=B;C:D9F=C8           88=H=CBGT89DF97=5H=CB       98I7H=CBG +95@9GH5H95GG9HG<9@8:CFG5@9   T T (H<9F       5@5B79 9B8C:D9F=C8             (H<9F898I7H=CBG:CFH<9M95FG9B898979A69F  5B8F9DF9G9BHH<9KF=H9 C::C::I@@M89DF97=5H985GG9HG5B879FH5=B=B7CAD@9H9 89J9@CDA9BH7CGHGKF=HH9BC::  (H<9F898I7H=CBG:CFH<9M95FG9B898979A69F  5B8F9DF9G9BHH<9KF=H9 C::C::I@@M89DF97=5H985GG9HG >6C:42?DD6ED)CFDE?4 2?5>6C:42?DD6ED)CFDE! % (*!L@?D@=:52E65'62=DE2E62?544F>F=2E656AC64:2E:@?@?E:?F65 ?)9@FD2?5D   [This page intentionally left blank] [This page intentionally left blank] NAMED EXECUTIVE OFFICERS Ernest Rady Executive Chairman Adam Wyll President and Chief Executive Officer Robert Barton Executive Vice President and Chief Financial Officer Jerry Gammieri Senior Vice President of Construction and Development BOARD OF DIRECTORS Ernest Rady Thomas Olinger Joy Schaefer Dr. Robert Sullivan Nina Tran CORPORATE HEADQUARTERS 3420 Carmel Mountain Road, Suite 100 San Diego, CA 92121 Phone: (858) 350-2600 Fax: (858) 350-2620 INDEPENDENT AUDITORS Ernst & Young LLP San Diego, CA LEGAL COUNSEL Latham & Watkins LLP San Diego, CA STOCK EXCHANGE LISTING NYSE Symbol: AAT REGISTRAR & TRANSFER AGENT Equiniti Trust Company, LLC 55 Challenger Road 2nd Floor Ridgefield Park, NJ 07660 Call Center: (800) 937-5449 equiniti.com/us/ast-access WEBSITE For additional information on the Company, visit our website at AmericanAssetsTrust.com CORPORATE INFORMATION A HISTORY OF SUCCESS A FUTURE OF OPPORTUNITY 3420 CARMEL MOUNTAIN ROAD, SUITE 100 SAN DIEGO, CA 92121 PHONE: (858) 350-2600 // FAX: (858) 350-2620 (NYSE: AAT) AMERICANASSETSTRUST.COM

Continue reading text version or see original annual report in PDF format above