Issue 1318
27
!"#$ & !"#$ & '#()## *#&+# ,"- ./0&01 2/&**, 3-)'#0#' .") */.#4 '($)* +& 5"" 5/(67#)$ 6/7 76# 89: 3-7 &)# 76#/) 2*&$$/2$ ;)"+/0( 7#'/"-$4 ,-./0 &1 </"0$ '#+"-) ="*+#$ &$ >)-? 2"07/0-# 76#/) ;#).#27 $#&$"0 REDBRICK THE UNIVERSITY OF BIRMINGHAM’S STUDENT NEWSPAPER SINCE 1936 16th Nov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
description
P.%;.(%A5B" 5%-A.H)5%0A50 05I"$%.B"/ ;.(/%?)7"Q !"#$%%%%%%%%%& J/5B.%'/K%L/; ,)?B"/$*/""6 O//50).65?%7"5/$ 5""%5/(67#)$%6/7 76#%89:%3-7%&)# 76#/)%2*&$$/2$ ;)"+/0(%7#'/"-$4 D+U !"#$%&%'#()## *#&+#%,"-%./0&01 2/&**,%3-)'#0#' .")%*/.#4
Transcript of Issue 1318
!"#$%%%%%%%%%&!"#$%&%'#()##*#&+#%,"-%./0&012/&**,%3-)'#0#'.")%*/.#4
'($)* +&%%5""%5/(67#)$%6/776#%89:%3-7%&)#76#/)%2*&$$/2$;)"+/0(%7#'/"-$4
,-./0 &1</"0$%'#+"-)="*+#$%&$%>)-?2"07/0-#%76#/);#).#27%$#&$"0
REDBRICKTHE UNIVERSITY OF BIRMINGHAM’S STUDENT NEWSPAPER SINCE 1936
16th Nov 2007ISSUE 1318
VOL 72
2**.33.450).6%*.$0$%$"00.%/)$"%7./%&889
@::ABBA!@CDA8% .##$.")% EFFGHEFFI% &7% 76#J0/+#)$/7,% ".>/)?/0(6&?% &)#% $#7% 7")"2K#7% &$% 76#% J0/+#)$/7,)&/$#$% ;)/2#$% &2)"$$% 76#3"&)'L% ."**"M/0(% 76#)#3-/*'/0(%".%B&$"0%N&**&0'% 76#% ;)";"$#'% )#'#1+#*";?#07% ".:6&?3#)*&/0% N&**L!"#$%&'( 6&$%*#&)0#'O
P)"$;#27/+#% $7-'#07$2"?/0(%7"%76#%J0/+#)$/7,M/**%0"7%3#%&3*#%7"%&..")'
&22"??"'&7/"0% M/7676#/)% ?&/07#0&02#% *"&0&*"0#O%
D0% 76#% 0#M% B&$"0N&**% % ;)/2#$% 2"-*'% )&0(#.)"?% QRLGFF% 7"% ?")#76&0% QSLTFF% .")% &% REM##K% 2"07)&27L% &;;)"U/1?&7#*,% QTTR% &0'% QTRS;#)% M##K% )#$;#27/+#*,&.7#)% 0#("7/&7/"0$% &)#2"02*-'#'O
@.7#)% ;)#$$-)#% .)"?76#% V-/*'L% 76#% 26#&;#$76&**% M/**% 0"M% 3#% C#00/$:"-)7$L%C6#%W;/00#,%&0'@$62)".7O%
C6#% J0/+#)$/7,% &*$"
;)";"$#'%&0%#U7)&%26&)(#".% QX% ;#)%M##K% .")% )#$/1'#07$% M/76% &% *&K#1.&2/0()""?O%
N"M#+#)%76#%;)";"$1&*%6&$%3##0%$2)&;;#'%'-#7"%V-/*'%;)#$$-)#O
N"-$/0(% &0'@22"??"'&7/"0% W#+/2#$2*&/?% 76#% /02)#&$#';)/2#$% M/**% ;)"'-2#% 0"Y#U7)&%/02"?#Z%"0%7";%".M6&7% /$% &*)#&',% ?&'#.)"?%&22"??"'&7/"0O%
8&-$6&3&6% [6&0L\/2#1P)#$/'#07% .")N"-$/0(%&0'%:"??-0/7,&7% 76#%V-/*'% ".% W7-'#07$
$&/']%YC6#%2"$7%".%&22"?1?"'&7/"0% &7% "-)% -0/+#)1$/7,%/$%-0^-$7/./&3*,%6/(6,#&)%"0%,#&)O
YW7-'#07$%&)#%;&,/0(?")#%&0'%?")#%.")%$/?/1*&)% $7&0'&)'$% ".% &22"?1?"'&7/"0O% V/+#0% 76&7-0/+#)$/7,% /$% &*)#&',#U;#0$/+#L% '-#% 7"% 76#/07)"'-27/"0% ".% 7";1-;.##$L% 76/$% ?&,% &27% &$% &.-)76#)%3&))/#)%7"%;&)7/2/1;&7/"0% M6/26% '/)#27*,&..#27$% 76"$#% .)"?% *#$$;)/+/*#(#'%3&2K()"-0'$OZ
:"?;&)#'% 7"% "76#)-0/+#)$/7/#$% /0% 76#
B/'*&0'$L%>/)?/0(6&?%/$"0#% ".% 76#% ?"$7% #U;#01$/+#O%
@7% ="*+#)6&?;7"0J0/+#)$/7,L% ;)/2#$% .")$7-'#07% &22"??"'&7/"0)&0(#% .)"?% &% */77*#% "+#)QELFFF%7"%^-$7%Q_LFFF%.")&%$#*.12&7#)#'%6&**O
@7% W7&..")'$6/)#J0/+#)$/7,L% ;)/2#$% )&0(#.)"?% QS_% ;#)% M##K% 7"QGX%;#)%M##KO%
N"M#+#)L% 76#J0/+#)$/7,% ".>/)?/0(6&?%/$%-0&3*#%7""..#)% $7-'#07$% &0,% *"M2"$7%";7/"0$O
:.66;%<=>5??5@A56
,0(4"60%35)60"656*"%?.56$%#)??%6.0%*.B"/%0A"%6"#%7""$%50%'5$.6%C5??%%%%DA.0.E%F)G%,"5H/..I
J/5B.%'/K%L/;!"#$%&'( ?.B"$%0A"
M#)00;%@"6)($=%.7%0A"?"@"64%)6%0A"%NO*A5)/
D&8
O//50).65?%7"5/$P.%;.(%A5B"
5%-A.H)5%0A5005I"$%.B"/
;.(/%?)7"Q
DR
,)?B"/$*/""6'5/0A5%J"47./4%0A)6I$;.(/%ST%$"0%$A.(?4%H"5?)B"%#)0A%SA"%,.(64%.7'($)*
D+U
!"#$!%&'()*)+(! ),-.(/01"2$"! 3445!
6/%1"!7%89( :;
$<=><[email protected]>( BC<D?-<B-B
A?E( -.D( $<=><[email protected]>
&:?-D>F:=A=G( 2HB<C
I=:HF( A=D( J:=K<?@( <?
H?<:?( -:( C=DA-D( A( BD=<DB
:;( B-=<?@( LHA=-D-BM
<?BF<=DE(NG(-.D(BC<D?CD(:;
BFDC-=:BC:FGO
P=:;DBB:=( 2<C.ADQ
0RD=EH<?M( ;=:>( -.D
SD?=G(TDQQC:>D($H<QE<?@
;:=( $<:>DCHQA=( /2!
7FDC-=:BC:FGM( C:>N<?DE
A(FABB<:?(;:=(>HB<C(J<-.
.<B( :J?( A<>( -:( H?=ARDQ
-.D( BDC=D-B( :;( -.D( BC<U
D?CDO
8.D( A>N<-<:HB( F=:VU
DC-M( W!DB:?A?CDXM( .AB
NDD?( EDRDQ:FDE( ;:=( :RD=
A( GDA=( -.=:H@.( E<BCHBU
B<:?BM( J:=KB.:FB( A?E
=D.DA=BAQBO(
%-(<?R:QRDB(A(BD=<DB(:;
B-=<?@(LHA=-D-B(;:=(G:H?@
FQAGD=B( NG( QDAE<?@( C:?U
-D>F:=A=G( C:>F:BD=B
8A?BG( #AR<DBM( P.<Q<F
&AB.<A?( A?E( #AR<E
S:=?DO
8.D( LHA=-D-B( A=D
<?BF<=DE( NG( -.D( <>A@D=G
:;( N<:>:QDCHQA=( BC<D?CD
A?E( A<>DE( A-( FQAGD=B( :;
A?(AERA?CDE(QDRDQO(
Y:QQ:J<?@( -.D( T:=QE
P=D><D=D( FD=;:=>A?CD( <?
$<=><[email protected]>( :?( 3Z-.
/:RD>ND=M( BC:=DB
NDC:>D( ARA<QANQD( -:( -.D
@D?D=AQ(FHNQ<CO
P=:;DBB:=( 0RD=EH<?
HBDB(>HB<CAQ(QA?@HA@D(-:
D[FQA<?(.<B(J:=KM(EDBC=<NU
<?@( F:JD=;HQ( >A@?D-B
HBDE( <?( /2!
7FDC-=:BC:FGM( AQQ:J<?@
BC<D?-<B-B( -:( \.DA=]( -.D
<?E<R<EHAQ(\R:<CD](:;(DAC.
A-:>M( WTD( CA?( BDFD=A-D
-.DBD( B<@?AQB( A?E( BDD
F=:-D<?B( AB( A( BG>F.:?G
:;(;=DLHD?C<DBO](
^-:><C(>HB<C(
"#$%$&'()*+,-'
.,/&01'2341
2341
5)6,%'2341
!"&"/8( BH=RDGB( BH@@DB-
-.A-( @=AEHA-DB( A=D( <?( A
J:=BD( ;<?A?C<AQ( B<-HA-<:?
-.A?( -.:BD(J.:(.ARD(?:-
-AKD?(A(ED@=DDO
!DF:=-B( BH@@DB-( -.A-
-.D(-GF<CAQ(@=AEHA-D(;ACDB
A?(D;;DC-<RD(-A[(NH=ED?(:;
_`a(<?(34)3M(EHD(-:(.<@.U
D=( -A[A-<:?M( -.D( =<BD( <?
-H<-<:?( ;DDB( A?E( -.D( QACK
:;( BHFF:=-( ;=:>( -.D( CH=U
=D?-(@:RD=?>D?-O
8.D( -.<=E( :;( -.<?K
-A?K( !D;:=>]B( A??HAQ
=DF:=-B(:?( -.D( \<P:E(@D?U
D=A-<:?]( b)+U*_( GDA=U:QEBc
B.:JB( @=AEHA-DB( AB( <?BDU
CH=DM( F=DBBH=<BDEM( :RD=U
-A[DE( A?E(EDN-U=<EED?( AB
A( =DBHQ-( :;( <?C=DABDE
BFD?E<?@( :?( -.D( /S7M
FD?B<:?B(A?E(;=:>(.<@.D=
N:==:J<?@O
^CC:=E<?@( -:( -.D
=DBDA=C.M( @=AEHA-DB( J<QQ
.ARD( -:( FAG( :RD=( .AQ;( :;
-.D<=(BAQA=G(<?(-A[DB(J<-.U
<?( -.D( ;<=B-( ;<RD( GDA=B( :;
;<?<B.<?@(-.D<=(ED@=DDO(
8.D( ?DJ( @=AEHA-D( :?
A?(ARD=A@D(B-A=-<?@(BAQA=G
:;( d35M)ZZ(J:HQE( ND( QD;-
J<-.( :?QG( d)*M+,3O3,( A
GDA=( -:( BFD?E( A;-D=( B-HU
ED?-( Q:A?( =DFAG>D?-BM
E<=DC-( A?E( <?E<=DC-( -A[AU
-<:?M( ?A-<:?AQ( <?BH=A?CD
A?E(FD?B<:?BO
8.D( I:RD=?>D?-( <B
ND<?@( C=<-<C<BDE( ;:=
?D@QDC-<?@(-.D(?DJ(@D?D=U
A-<:?( NG( ;:=C<?@( -.D>( -:
-AKD(:?(-.D(N=H?-(:;(FHNU
Q<C(BFD?E<?@M(A?E(<B(ND<?@
CAQQDE(-:(;:QQ:J(-.D(D[A>U
FQDB(:;(C:H?-=<DB(BHC.(AB
Y=A?CD( A?E( -.D( 6?<-DE
7-A-DBM( J.:( A=D( >AK<?@
D;;:=-B( -:( BHFF:=-( -.D<=
@=AEHA-DB( NG( <>FQD>D?-U
<?@( FHNQ<C( BFD?E<?@
=DB-=A<?-BM( =DEHC-<:?B( <?
-A[( NH=ED?B( A?E( Q:JD=
N:==:J<?@O
/S7( BFD?E<?@( J<QQ
<?C=DABD(;=:>(d`4(N<QQ<:?
-:( d))4( N<QQ<:?( NG( 34))M
J<-.( B-A-D( FD?B<:?B
<?C=DAB<?@( <?( Q<?D( J<-.
DA=?<?@B( ;=:>( 34)3e( GD-
J.<QD( -.<B( <B( H?ED?<ANQG
ND?D;<C<AQ( ;:=( B:C<D-GM( <-
J<QQ( ND( -.D( ?DJ( @D?D=AU
-<:?(:;(@=AEHA-DB(-.A-(J<QQ
.ARD(-:(;<?A?CD(-.<BO
Y<=B-( -<>D( NHGD=B
B-=H@@QD( -:( @D-( :?-:( -.D
F=:FD=-G( QAEED=( J<-.:H-
-.D( AEE<-<:?AQ( B-=A<?B
?:J( BHFF:BDEQG( FQACDE
HF:?( @=AEHA-DB( A?E( <-( <B
A=@HDE( -.A-M( =A-.D=( -.A?
.DQF<?@(;<=B-U-<>D(NHGD=BM
-.D( I:RD=?>D?-]B( ?DJ
F:Q<C<DB( J<QQ( BHFF:=-( -.D
JDAQ-.G( A?E( -.:BD( J.:
AQ=DAEG(:J?(F=:FD=-GO
YH=-.D=( =DBDA=C.( NG
S"7^( bS<@.D=( "EHCA-<:?
7-A-<B-<CB( ^@D?CGc( AQB:
B-A-DB( -.A-( -.D( ;HQQU-<>D
;<=B-( ED@=DD( >AQD( @=AEHU
A-D]B( BAQA=G( <B( d)M444
.<@.D=( -.A?( :;( -.D<=
;D>AQD( C:H?-D=FA=-B( A?E
-.A-( A( .<@.D=( F=:F:=-<:?
:;(>D?(A=D(<?(.<@.D=(FAGU
<?@(F:B<-<:?BfV:NBO
^C-<?@( g<ND=AQ
#D>:C=A-( QDAED=( 1<?CD
&ANQD( .<-( :H-( A-( -.D
I:RD=?>D?-M(B-A-<?@h
W8.<B( =DF:=-( <B( A
EA>?<?@( <?E<C->D?-( :;
gAN:H=iB( -=DA->D?-( :;
G:H?@( @=AEHA-DBO( ^
EDCAED(H?ED=(gAN:H=(.AB
QD;-( >A?G( G:H?@( FD:FQD
;AC<?@( C=<FFQ<?@( B-HED?-
EDN-M( .<@.( C:H?C<Q( -A[
N<QQB( A?EM( ;:QQ:J<?@( -.D
AN:Q<-<:?(:;(-.D()4FC(=A-DM
.<@.D=( QDRDQB( :;( <?C:>D
-A[OX
SD( C:?-<?HDEM
WI:=E:?( $=:J?B]( :NBDBU
B<RD(-<?KD=<?@(J<-.(-.D(-A[
BGB-D>( A?E( <?-=:EHC-<:?
:;( -:FUHF( ;DDB(>DA?( -.A-
@=AEHA-DB( :?( >:EDB-
BAQA=<DB(?:J(;ACD(A?(H?ACU
CDF-ANQG( .<@.( -A[( NH=U
ED?OX
6?<RD=B<-G(ED@=DD(U(-.D(FA-.(-:
;<?A?C<AQ(=H<?
7,*,#'8$%9)419$
:;*$69;*$3<1=>?2' >@AB7@C' 8D2@8DEFGBE'DC
^( 7HBBD[( @=A?E>:-.D=
JAB(=D;HBDE(A(N:--QD(:;
J<?D(NDCAHBD(B.D(C:HQE
?:-(F=:RD(B.D(JAB(:RD=
D<@.-DD?O( 8<?A
2AC/[email protected]:?Uj:?DBM
_5M( -.:[email protected]( -.D( C.DCKU
:H-(ABB<B-A?-(JAB(V:K<?@
J.D?( B.D( =DLHDB-DE
F=::;( :;( A@DO( TA<-=:BD
AQB:( =D;HBDE( -:( BD=RD
-.D(=DE(J<?D(-:(.D=(33U
GDA=U:QE( [email protected]=
Y<:?AM(J.:(E<E(.ARD(%#M
<?( CABD( B.D( @ARD( <-( -:
.D=(>:-.D=O
7E>@?H@>' 7E>D"7' D2.GB>E
^(ID=>A?(>A?(J.:(JAB
AFFDAQ<?@( A@A<?B-( A
C:?R<C-<:?( ;:=( ;QAB.<?@
E<E?]-( .DQF( .<B( CABD
J.D?(.D(B-=<FFDE(:;;(<?
C:H=-O( W8.D( C:H=-(J<-.U
E=DJ( ;:=( EDQ<ND=A-<:?B
A?E(EH=<?@(-.D(AEV:H=?U
>D?-(-.D(>A?(=D>:RDE
.<B(CQ:-.DB(A@A<?MX(BA<E
A( BF:KDB>A?( ;:=( -.D
C:H=-( <?( -.D( C<-G( :;
#H<BNH=@O( W%-( AFFDA=B
.D( BDDB( <-( AB( A=-M( A?E
R<DJB( .<>BDQ;( AB( A( Q<RU
<?@(J:=K(:;(A=-OX
.>DID2?5' FDC' D2EB22@5' AG>' 7@J@2KE@@2'L@?>7
^( JA?-DE( C=<><?AQ( .<E
;:=(BDRD?-DD?(GDA=B(<?(A
-H??DQ( .D( EH@( H?ED=U
?DA-.( .<B( .:>D( <?
&.<?AO(P:Q<CD(<?(k.A?@H
R<QQA@DM( 7H<?A?( 8:J?M
&.<?AM( ;<?AQQG( ;QHB.DE
SH<( IHA?@HD?( :H-( :;
.<B(BDC=D-(-H??DQ(A;-D=(A
-<FU:;;O( WTD( @:-( <?;:=U
>A-<:?(-.A-(.D(JAB(.<EU
<?@( <?(.<B(.:>DM( B:(JD
>AED(A(BH=F=<BD(BDA=C.
A?E( ;:H?E( -.D( -H??DQX
BA<E( A( F:Q<CD
BF:KDB>A?O
78?LM@' 7B>">D7@7CD>EL'C?2.@>7
^( $=<-<B.( C:HFQD(J.:BD
!"#$%& !'()"(* JDEE<?@
R<ED:( NDCA>D( A?( <?-D=U
?D-( .<-( @:-( A( BH=F=<BD
R<B<-( ;=:>( PA-=<CK
7JAGlDO( jA>DB
#D=NGB.<=DM( *_M( A?E
J<;D( jHQ<AM( **M( JD?-( :?
67 81(C.A-(B.:J(+,#'--:(FD=;:=>(-.D(=:H-<?DO
7JAGlD( -H=?DE( HF( EH=U
<?@( -.D( EA?CD( A?E
-AFFDE( jA>DB( :?( -.D
B.:HQED=M( A?E( ABKDEh
W#:( G:H(><?E( <;( %( B-DF
<?mX((SD(-.D?(BFA?(jHQ<A
A=:H?E(-.D(B-A@D(ND;:=D
Q<;-<?@(jA>DB(<?(A(V:KDG
=DC=DA-<:?( :;( A( ;A>:HB
>:>D?-( ;=:>( -.D
>:R<DO
G-'N#3'*),+'N)'1066311'''''''"#)N)O'7N3P3'7N*3,N<$3%+
2B73%36N$)-1
/02%/^8%0/7( A=D( CH=U
=D?-QG(:FD?( ;:=( B-HED?-B
J<B.<?@( -:( B-A?E( -:( ND
DQDC-DE( -:( =DF=DBD?-( -.D
6?<RD=B<-G(A-(>DD-<?@B(:;
-.D( /A-<:?AQ( 6?<:?( :;
7-HED?-B(b/67cO
8.D( /67( J:=KB( ( -:
=DF=DBD?-( -.D( ?DDEB( A?E
:F<?<:?B( :;( B-HED?-B
AC=:BB(-.D(C:H?-=G(A?E(<B
BHFF:=-DE(NG(-.D(>AV:=<U
-G( :;( H?<RD=B<-<DBO
S:JDRD=M( -.D( /67( .AB
C:>D( H?ED=( <?C=DAB<?@
C=<-<C<B>( NDCAHBD( :;
;<?A?C<AQ( F=:NQD>BM( AQQDU
@A-<:?B( :;( ;AC-<:?AQ<B>
A?E( A( Q<><-DE( AN<Q<-G( -:
Q<B-D?(-:M(A?E(AC-(:?M(B-HU
ED?-(?DDEBO
7-HED?-B( DQDC-DE( -:
=DF=DBD?-( $<=><[email protected]>
J<QQ( -AKD( FA=-( <?( A?
" [ - = A : = E < ? A = G
&:?;D=D?CD( :?( _-.
#DCD>ND=M( J.<C.( J<QQ
F:-D?-<AQQG( :RD=.AHQ( -.D
:=@A?<BA-<:?M( AB( JDQQ( AB
A--D?E( -.D( HBHAQ( C:?;D=U
D?CD(<?(-.D(BF=<?@(J.<C.
J<QQ( EDNA-D( -.D( F:Q<C<DB
-.D(/67(B.:HQE(ND(FH=BHU
<?@O(
/:><?A-<:?B( CQ:BD
:?( 2:?EAG( 3,-.
/:RD>ND=( A?E( -.D?( -.D
DQDC-<:?( <-BDQ;( J<QQ( ND
.DQE( :?( 2:?EAG( *=E
#DCD>ND=M( A( EAG( ND;:=D
-.D( D>D=@D?CG( C:?;D=U
D?CDO
7)%+$3*1'*3<0136)/&3-1,N$)-'
7N3P3'7N*3,N<$3%+
7"gg9( 0AK( 2<Q<-A=G
S:BF<-AQ( <B( :?CD( A@A<?
NDC:><?@( -.D( BCD?D( :;
C:?;Q<C-(ND-JDD?(-.D(B:QU
E<D=B(-=DA-DE(-.D=DM(-.D<=
;A><Q<DBM( A?E( -.D
I:RD=?>D?-O
8.D(I:RD=?>D?-(.AB
NDD?(ACCHBDE(:;(>AK<?@
<?BHQ-<?@QG( B>AQQ( C:>U
FD?BA-<:?( :;;D=B( -:( B:QU
E<D=B( J.:( .ARD( NDD?
<?VH=DE(<?(%=ALO(
8.D(:;;D=B(.ARD(NDD?
Q<KD?DE( -:( FAGU:;;B( A?E
-.D( ;A-.D=( :;( -.D
G:H?@DB-( $=<-<B.( B:QE<D=
-:( .ARD( NDD?( <?VH=DE( <?
-.D(%=AL(JA=(BA<E(<-(JAB(A
CABD( :;( AEE<?@( WA
ED@=AE<?@( <?BHQ-( -:
<?VH=GX(A;-D=(-.D(2<?<B-=G
:;( #D;D?CD( :;;D=DE( :?QG
dZ5M444( <?( C:>FD?BAU
-<:?O
jA><D( &::FD=M( A
?<?D-DD?UGDA=U:QE( B:QU
E<D=( ;=:>( $=<B-:QM( ?:J
;ACDB(JDA=<?@( A( C:Q:B-:U
>G(NA@(;:=(-.D(=DB-(:;(.<B
Q<;D( A?E( J<QQ( ?DRD=( ND
ANQD( -:( J:=K( A@A<?M( EHD
-:(D[-D?B<RD(<?VH=G(-:(.<B
B-:>AC.O(
SD( <B( ?:-( -.D( :?QG
B:QE<D=( -:( ND( :;;D=DE
C:>FD?BA-<:?O( gA?CD
$:>NA=E<D=( $D?
PA=K<?B:?M( 3*M( ;=:>
9:=KB.<=DM(AQB:(-=DA-DE(<?
-.D( 7DQQG( 0AK( S:BF<-AQM
BH;;D=DE( ?DA=QG( ;:=-G
<?VH=<DB( A;-D=( ND<?@
[email protected]( <?( A( QA?E><?D
NQAB-O( SD( JAB( :;;D=DE
:?QG( d)Z3M)Z4( NG( -.D
2<?<B-=G( :;( #D;D?CDM( A?
:;;D=( J.<C.( .AB( ?:J
NDD?( <?C=DABDE( -:
d3+ZM444O(
#D;D?CD( 7DC=D-A=GM
#DB( $=:J?( .AB( B-A-DE
-.A-( W8.<B( =DR<DJ( J<QQ
ND?D;<-( -.:BD( J<-.( -.D
>:B-( BD=<:HB( >HQ-<FQD
<?VH=<DB( n( A?E( -.DG( J<QQ
ND( C:>FD?BA-DE( ;:=( AQQ
-.D<=( <?VH=<DB( HF( -:( -.D
;HQQ(d3+ZM444( QH>F(BH>
FAG>D?-OX(
d3+ZM444(J<QQ(=D>A<?
-.D( @=DA-DB-( A>:H?-( :;
C:>FD?BA-<:?( AJA=EDE
-:( A( B:QE<D=M( J.<C.( .AB
NDC:>D( A( B:H=CD( :;
A?@D=( J<-.( -.D( ;A><Q<DB
:;( B:QE<D=BM( EHD( -:( -.D
;AC-(-.A-(C<R<Q<A?(FAG:H-B
A=D(B:(>HC.(@=DA-D=O
^B( A( C<R<Q<A?M
PA=K<?B:?(C:HQE(D[FDC-(A
FAG:H-( :;( ?DA=QG
dZ44M444( ;=:>( -.D
&=<><?AQ( %?VH=<DB
& : > F D ? B A - < : ?
^H-.:=<-Ge( A?(!^Y( -GF<B-
J.:(<?VH=DE(.<B(-.H>N(<B
BA<E(-:(.ARD(NDD?(AJA=EU
DE(d_+_M444O
7)&#$3'"#$%%$&1'
?*N1'1#)4$-Q'01'N#3';3,0NR')<'16$3-63
!"#$!%&'()*)+(! ),-.(/01"2$"!(3445 !
678-9:7(87;8<=(.9-8($9>?9=@.;?(A9-B(A7=->7
$%!2%/CDE2( .<8-7F( 9-8;==G;H( &.>98-?;8( [email protected]<=( 8M7A-;AH7( ;-29HH7==9G?( N<9=-( <=J;-G>F;BO
P.<G8;=F8( @;-.7>7F-<( K;-A.( -.7( H9Q78( <RJG@;S;S78T( !"#$%&'( K9=L=7>( I7<=;( I7K98T( ;=F2A6HB(8.<KA;87( -.79>( -;HL7=-8T(?;>Q9=@(-.7(8-;>-(<R$9>?9=@.;?U8(R78-9:7(87;L8<=O
E8( -.7( R>77( A<=A7>-
;=F( R9>7K<>Q( 7V->;:;@;=LW;( A<9=A9F7F( K9-.( -.7#9K;H9( K77Q7=F( R<>( -.7R9>8-( -9?7T(;(D9=FG(8-;@7L8.<K( K;8( ;H8<( M>7M;>[email protected]=9=@( -.7( 8M9>9-( <RR78-9:9-B( ;-( -.7( A9-B( A7=L->7O((
P.7( A;S9=7-( ?7?S7>R<>(H798G>7T(8M<>-(;=F(AGHL-G>7T( &HH>( !;B( D;88;HH8;9FX( Y$9>?9=@.;?( .;8<=7(<R(-.7(S78-(&.>98-?;8M><@>;??78( 9=( -.7( Z'K.9A.(;-->;A-8(?9HH9<=8(<R:989-<>8( -<(<G>(@>7;-(A9-BO%-U8( ;( -9?7( R<>( R;?9H978
;=F(R>97=F8(-<(@7-(-<@7-.L7>( ;=F( -.7>7( 98( ;( K9F7:;>97-B( <R( 7:7=-8( ;=F7=-7>-;9=?7=-( -<( 8G9-( ;HH;@78(;=F(S;AQ@><G=F8[O
P.7( 6>;=QRG>-&.>98-?;8( 2;>Q7-( .;87=\<B7F( 8GAA788( ;=F;-->;A-7F( A><KF8( <R( M7<LMH7( -<( $9>?9=@.;?( &9-B&7=->7( <:7>( M>7:<G8B7;>8O(]9-.(<:7>(^4(8-;HH8R9HH9=@(19A-<>9;(J_G;>7(;=F-.7( GMM7>( M;>-( <R( /7KJ->77-T(-.7(?;>Q7-(9=(3445K9HH( =<-( <=HB( S7( S9@@7>;=F(S7--7>T(9-(K9HH(;H8<(S7-.7( H;>@78-( ;G-.7=-9AC7>?;=( &.>98-?;8( ?;>LQ7-(<G-89F7(<R(C7>?;=B(<>
EG8->9;O%=( ;FF9-9<=T( R><?
/<:7?S7>( 3^-.( -<`;=G;>B( )*-.T( -.7( PL2<S9H7( J->77-( %A7( >9=Q>7-G>=8( -<( &7=-7=;>BJ_G;>7O(
N;>-=7>8( <R( -.78A.7?7T(-.7(>;F9<(8-;-9<=$!2$T(K9HH(R7;-G>7(;(YP7V-#`[( 87>:9A7T( K.9A.( K9HH;HH<K( :989-<>8( -<( 87H7A-( ;8<=@( R><?( -.7( #`U8( MH;BH98-O
]9-.( 7:7=( ?<>7;-->;A-9<=8( H9=7F( GM( <:7>-.7( =7V-( R7K( ?<=-.8T$9>?9=@.;?( H<<Q8( 87-( -<7?S>;A7( -.7( &.>98-?;88M9>9-O
"#$%&'()*+
()*+
,)-.%/'01-2+3.%+'4%-5)3'2/'0236'0)/3-)
7#/2%'8%9:-
%P(.;8(S77=(>7M<>-7F(-.;-F>G=Q7=( ;=-9L8<A9;HS7.;:9<G>( A<8-8$9>?9=@.;?( ?<>7( -.;=a544(?9HH9<=(;(B7;>O(E8(;>78GH-T( ;=( b;HA<.<H( -8;>U.;8( S77=( ;MM<9=-7F( -<>9F(-.7(A9-B(<R(F>9=QL>7H;-L7F(A>9?7O
P.7( \<S( .;8( S77=S;AQ7F( SB( ;( -.>77LB7;>;HA<.<H( 8->;-7@B;==<G=A7F(<=(-.7(*)8-(<R0A-<S7>O( %-( ;9?8( -<>7:7>87( ;( =<K( M<MGH;>:97KT( -.;-( F>G=Q7=( ;=-9L8<A9;H( S7.;:9<G>( 98( -.7;AA7M-7F(=<>?O
P.7( M><\7A-( K9HH9=-><FGA7( 8M7A9R9A( ?7;8LG>78(9=AHGF9=@(-.7(7VM;=L89<=( <R( ;HA<.<HLR>77W<=78( 9=( -.7( A9-BT( 9=-><LFGA9=@( MGSLK;-A.8A.7?78T( -;V9( ?;>8.;H8;=F( S7--7>( H;-7( [email protected]>;=8M<>-(M><:989<=O
P.7( ;MM<9=-?7=-A<?78(;?9F(@><K9=@(A<=LA7>=(<:7>(S9=@7LF>9=Q9=@9=($9>?9=@.;?O(":9F7=A7.;8( 8G@@78-7F( A.9HF>7=;=F( K<?7=( ;>7( -G>=9=@-<( ;HA<.<H( ;-( ;=( 7;>H97>;@7(;=F(A<=8G?9=@(?<>7-.;=(7:7>(S7R<>7O
/;-9<=;H( 8-;-98-9A8
8.<K( -.;-( S7-K77=( 3444;=F(344,(-.7(M7>A7=-;@7<R( @9>H8( ;@7F( ))( -<( )*-.;-( .;F( F>G=Q( ;HA<.<H><87( SB( +3O,( M7>( A7=-K9-.(;(c*Oc(M7>(A7=-(>987R<>(S<B8(<R(-.7(8;?7(;@7O
J-GF978( .;:7( ;H8<8.<K=( -.;-( F>9=Q( K;8( ;R;A-<>( 9=()O3(?9HH9<=(:9<LH7=-( 9=A9F7=-8( ;=F( GM( -<)5(?9HH9<=( K<>Q9=@( F;B8
H<8-(9=(344cDG@.( P9SS9-8T( K.<
K;8( ;MM<9=-7F( ;HA<.<HA<L<>F9=;-<>( R<>$9>?9=@.;?(9=(2;BT(8-;-L7F(-.;-(-.7(AG>>7=-(S9=@7LF>9=Q9=@( AGH-G>7( K9-.9=S<-.($9>?9=@.;?(;=F(-.7Z'( 98( M;>-HB( FG7( -< -.7M>9A7( ;=F A<GHF( 8M9>;H<G-(<R(A<=-><HO
Y6<>(-.7(H;8-(34(B7;>8
K7(.;:7(S77=(9=(;(M7;Q(<R-.7(?98G87(<R( ;HA<.<HO( %-98( -.7( ;:;9H;S9H9-B( <R( 9-OP.7(>7;H(M>9A7(<R(;HA<.<H98(89@=9R9A;=-HB(H788(-<F;B-.;=(9-(K;8(34(B7;>8(;@<O[
$9>?9=@.;?( 98( MH;=L=9=@( -<( -;Q7( ;A-9<=( 9=<>F7>( -<( -;AQH7( -.98=;-9<=K9F7( A<=A7>=( ;=FK9HH( .<M7RGHHB( 87-( ;=7V;?MH7O
[email protected](;@;9=8-(;HA<.<H(A>9?7(
;&$#1#&'2+'<)332/<'$1)%9)-'%/=')%+2)-'3#'>:6
"#$%&'()*+
PD"( %8H;=F($;>(<=(JGRR<HQJ->77-( .;8( S77=( :<-7F$9>?9=@.;?U8(S78-(S;>(SB?<>7(-.;=()Td44(M7<MH7(9=-.7(9=;G@G>;H($9>?9=@.;?$;>(;=F(&HGS(;K;>F8O
P.7>7(K7>7(-7=(;K;>F8GM( R<>( @>;S8T( 9=AHGF9=@$78-(&HGST(K.9A.(K;8(K<=SB( -.7( &G8-;>F( 6;A-<>BT;H8<( -.7( :7=G7( R<>( -.7;K;>F8(A7>7?<=BT(.7HF(<=-.7()d-.(0A-<S7>O(
P.7( %8H;=F( !<AQ( ;=F!<HH( &<AQ-;9H( $;>( K;HQ7F;K;B( K9-.( -.>77( ;K;>F8X$78-( $;>( P7;?T( $78-&<AQ-;9H( $;>( ;=F( $78-( $;>3445O
2;=B( 8-GF7=-8( ;>7G=;K;>7(<R(-.7(K9F7(>;=@7<R( :7=G78( ;:;9H;SH7( 9=$9>?9=@.;?O(
!<S7>-( E>-.G>T( ;( 8-GLF7=-( ;-( -.7( Z=9:7>89-BT8;9F( Y%( M7>8<=;HHB( 7=\<BS;>8( K.9A.( ;>7( ?<>7( 8-GLF7=-( <>97=-7FT( 8GA.( ;81<FQ;(!7:<HG-9<=U(
c4T444( :<-9=@( R<>?8K7>7( .;=F7F( <G-( ;><G=F-.7( A9-B( -<( F98A<:7>( -.7S78-( S;>( 9=( $9>?9=@.;?O]9-.(<=HB()Td44(>78M<=878-<( -.7( 8G>:7BT( .<K7:7>T-.7( :;H9F9-B( <R( -.7( >78GH-A;=(S7(S><[email protected](9=-<(_G78L-9<=O( Y0M7=9=@;=( 9=F7M7=F7=-( S;>( 9=$9>?9=@.;?(98(;=(9=A>7F9LSHB( F9RR9AGH-( -;8Q[( 8;9F2;--(2;>>9<--T( -.7( @7=7>;H?;=;@7>( <R( %8H;=F( $;>OY%8H;=F( 98( <=HB( ;( B7;>( <HF;=F( -<( .;:7( S77=( :<-7F-.7( S78-( S;>( 9=( -.7( A9-B?;Q78(G8(:7>B(M><GFO[
P<M($>G?(S;>
?+&%/='@%-'2/'A:))/+*%6B'@2-.2/<1%.''
C#.'0&%-5) D#//6'EF0%&&%<1%/
!"#$
!"#$#%&'()*&$+,#&(-'#%$*.#()/)# (%*)0/%# (%1# 2113# +)(%1$*&+/# ')415).6# 7)489:$&+# $5)0(# (%1# :$73# );(1$7%&+/#%)0*'<#=)21>1*,?# 7$+-(# %1:9# ;11:&+/# (%$(91)9:1# $*1# 4&''&+/# (%15&//1*#9&7(0*1<
@$+6# 91)9:1# 51:&1>1A&*4&+/%$4# &'# 9*&)*&(&'8&+/# *1'1$*7%# )>1*# (1$7%8&+/<# ?+# (%1# :$'(# B1'1$*7%!''1''41+(# CD1*7&'1,A&*4&+/%$4#*$+31.##;&;(%<=)21>1*,##(%1#!"#$ E)*:.F+&>1*'&(6#B$+3&+/'#'$2#$:)2# '7)*1# &+# (%1# ($5:1# );(%1#'($;;#()#'(0.1+(#*$(&)#891*;17(# $440+&(&)+# ;)*(%)'1# 7)49:$&+&+/# $5)0((%1# (1$7%&+/# $(# (%1F+&>1*'&(6<#?'#&(#+171''$*&8:6#(%$(#5$.,#(%)0/%G
H%)'1# (%$(# 7)49:$&+(%1#4)'(#$5)0(#(%1#(1$7%8&+/#$*1#(%)'1#2%)#*171&>1(%1#;121'(#%)0*'<#
=&'()*6# I0&:.J)0+7&:)*# H)4#E%&(($31*&'#1+(1*&+/#%&'#(%&*.#61$*,$+.# *171&>1'# )+:6# (%*11'7%1.0:1.#%)0*'#$#2113<#K1>1*(%1:1'',#%1#.)1'#+)('11#(%&'#$'#$#5$.#(%&+/L#M?'11# %$>&+/# ')# ;12# %)0*'$'# $+# )99)*(0+&(6# *$(%1*(%$+#$#7)49:$&+(<#
M?# +1>1*# 7$41# ()
F+&>1*'&(6# ()# 51# '9))+8;1.# 3+)2:1./1<# B$(%1*# ?7$41# ()# .1>1:)9# $'# $+&+.&>&.0$:<N
H%1# !*('# '05O17(','07%# $'# C+/:&'%# $+.=&'()*6,# $*1# $5)0(# ')407%#4)*1#(%$+#;$7('#$+.&.1$'<#H%16#*1P0&*1#6)0#()51# $5:1# ()# $+$:6'1# $+.$*/01<# "3&::'# $*1# 51((1*.1>1:)91.#(%$+#($0/%(<
?;# 6)0# $*1# )+1# );(%)'1# 7)49:$&+&+/,# $*16)0#4$3&+/#;0::#0'1#);#(%1);;&71# %)0*'# 6)0*# (0()*9*)>&.1'G# Q0'(# 517$0'1(%1'1# $*1# +)(# (&41($5:1..)1'+-(#41$+#6)0#7$++)(($31#$.>$+($/1#);#(%14<
A1&+/# '9))+8;1.# 2&::'0*1:6#)+:6#:1$.#()#$#7)+8(&+0$(&)+# );# (%1# '$41&.1$'<#"(0.1+('#0:(&4$(1:6+11.# ()# .&'7)>1*# (%1&*)2+# )9&+&)+'<# R1*%$9'# &(&'# $.O0'(&+/# ()# (%&'# '(6:1);# :1$*+&+/# (%$(# 7$0'1'(%1#7)+;:&7(<#
A0(# :&;1# &'+-(# :$&.# )0()+# $# 9:$(1# $+.# +1&(%1*'%)0:.# 0+&>1*'&(6# 51<# !';)*# (%1# P0$:&(6# );# (%1(0&(&)+,# &(# 7$+,# );# 7)0*'1,51# 7)49:1(1:6# >$*&$5:1<H%1*1# &'# 71*($&+:6# $# 7$'1(%$(# (%1# F+&>1*'&(6# %$'517)41# ())# *1:&$+(# )+
*1'1$*7%<#H%&'#&'#*1;:17(1.&+#(%1#!"#$ '7)*1'#2%&7%'0//1'(# (1$7%&+/# %$'&+.11.#'0;;1*1.<
!7$.14&7'# $*1# 0+.1*1D(*141# 9*1''0*1# ()# 7)+8(&+01# 9*).07&+/# 2)*:.8*1+)2+1.# *1'1$*7%# $+.)*&/&+$:#905:&'%1.#4$(1*&8$:,#$+.#')# &(# &'#')412%$(&+1>&($5:1# (%$(# '($+.$*.'2&::#;$::<#
F:(&4$(1:6,# (%)0/%,21#%$>1#()#4$31#(%1#4)'();# (%1# (&41# 21# %$>1# $(0+&>1*'&(6<# C>1+# (%1# 5$.
1D91*&1+71'# &+# :&;1# 7$+4$31# 6)0# $::# (%1# 4)*1.1(1*4&+1.# ()# '07711.<S)0#2&::#4)'(# :&31:6#)+:6/1(#)+1#'%)(#$(#(%&'T#4$31(%1#4)'(#);#&(<
!# '(0.1+(-'# (&41# $(0+&>1*'&(6#&'#$#O)0*+16#);'1:;8.&'7)>1*6,# 2%1(%1*(%16# $*1# $+# !*('# '(0.1+()*# $# 41.&7<# H%1*1# &'# ')407%# 9)(1+(&$:# ()# '078711.# $(# 0+&>1*'&(6T# (%1*18;)*1,# '()9# 7)49:$&+&+/$+.#'($*(#2)*3&+/U
%&&'("#')&*+,)+'-&./$0
%-"'("#"/'1")+./"$2'+-"'3"++"/2',))&/45*6'+&'$&7"
8&77"*+
9&3':,6"'/"$;&*4$2'<=+&;'/",)-5*6'(&/'+-"'$;&&*>?
H=C#F+&>1*'&(6# );# "0**16%$'# &+(*).071.# $# +12'7%141# ;)*# 0+.1*/*$.08$(1',# &+# 2%&7%# '(0.1+('7$+# 4)>1# 51(211+# 0+&8>1*'&(&1'# &+# .&;;1*1+(7)0+(*&1'# $'# (%16# '(0.6;)*#(%1&*#7)0*'1<
V1/*11'# &+# 50'&+1''$+.# ?H# $*1# )+1'# (%$(# $*1'0//1'(1.,# $'# (%1*1# &'# $/*)2&+/# .14$+.# ;)*(%)'1# &+# (%1'1# ;&1:.'# ()%$>1# &+(1*+$(&)+$:# 7*18.1+71<
H%1# 0+&>1*'&(61D917('# (%1# '$41# 7)0*'1()# 51# ($0/%(# &+# 5)(%A*&($&+# $+.# &+# C+/:&'%$5*)$.,#41$+&+/#(%$(#(%1'(0.1+('#2)0:.# 51# :1$*+8&+/#(%1#'$41#(%&+/'#$(#(%1'$41# '($/1'# );# (%1&*.1/*11',# O0'(# &+# $+)(%1*7)0+(*6<
F+&>1*'&(&1'#&+#J%&+$,?+.&$# $+.# !41*&7$# 7)0:.51# &+>):>1.# &+# (%1'7%141<# =)21>1*,# 4$+6;11:# (%$(,# 0:(&4$(1:6,# (%&'1D70*'&)+# &'# 5)(%# 9)&+(8:1''#$+.#O0'(#$#4$*31(&+/9:)6# ()#4$31# (%1#0+&>1*8'&(6#'114#4)*1#$((*$7(&>1<#
H%1# !%&'( *$+3'"0**16#;)0*(&1(%#&+#&('#()90+&>1*'&(&1'#9)::,#$+.#(%1%)91#(%$(#&(#7$+#7:&45#(%1
($5:1'# )>1*# (%1# +1D(.17$.1#'114'#;$+($'(&7$:<#
W)*#"0**16#()#'0//1'((%$(# $# 71*($&+# 50'&+1'''7%)):#'(0.1+(#.)&+/#21::&+# )(%1*# 7)0+(*&1'# 2&::&+7*1$'1# (%1&*# &+(1*+$8(&)+$:#*190($(&)+#'114'#$
5&(#+)+'1+'&7$:<H%1# 9):&76# '114'# $
5&(# 9)&+(:1'',# $+.# 7)489$*1.#2&(%# :$+/0$/1# '(08.1+(',# 2%)# ($31# $# 61$*$5*)$.# $'# 9$*(# );# (%1&*7)0*'1',#"0**16-'#9*)9)'8$:'# 4$31# 0'# P01'(&)+
2%$(#(%1#51+1;&(#);#'07%#$9):&76#2)0:.#51<
X+1#:$+/0$/1#'(0.1+(4$&+($&+1.# (%$(# "0**16-'&+&(&$(&>1# 2)0:.# +)(# :1((%1# '(0.1+('# 1D91*&1+71:&;1# &+# (%1# '$41# 4$++1*$'#(%)'1#.)&+/#$#:$+/0$/1
7)0*'1,# '&49:6# 517$0'1(%16# 2)0:.# 51# '91+.&+/(%1&*# (&41# &+# $+)(%1*:&5*$*6# .)&+/# (%1# '$412)*3<#
H%1# 70:(0*$:# 1D91*&81+71'# 2)0:.# 51# :&4&(1.56# (%1# :$+/0$/1# 5$**&1*<
"1((:&+/# &+# ()# $# ;)*1&/+7)0+(*6# 7$+# 51# %$*.1+)0/%,# 50(# 2&(%# $# 71*8($&+#9*1''0*1#()#4$&+($&+)*# &49*)>1# 6)0*# :1>1:# );'(0.6# .0*&+/# (%$(# 61$*,4$+6# 2)0:.# 2)+.1*2%1(%1*#&(#&'#2)*(%#&(<
I)&+/# ()# 0+&>1*'&(6;)*#(%1#;&*'(#(&41#7$+#51#$.$0+(&+/# 1D91*&1+71T.)&+/#(%&'#(%*11#(&41'#)+.&;;1*1+(# 7)+(&+1+('4$31'#&(#'114#$#2%):1#:)(4)*1#;*&/%(1+&+/<#
?+#4$+6# 7$'1',# (%)'1.)&+/# 50'&+1''# )*# ?H# .)+)(# %$>1# (%1# +171''$*6:$+/0$/1# '3&::'# *1P0&*1.()# $.$9(# 1$'&:6# ()# (%17)0+(*6,#$+.#7)0:.#1$'&:6517)41#)>1*2%1:41.<#
?;#'07%#$#;11:&+/#:1$.'()# (%1#'(0.1+(# ;$&:&+/#%&')*#%1*#.1/*11,#&'#&(#2)*(%&(G# W*)4#$# '(0.1+(-'# 91*8'917(&>1,# &'# (%1# &+(1*+$8(&)+$:# 7*1.&5&:&(6# );# (%10+&>1*'&(6# 4)*1# &49)*8($+(#()#6)0#(%$+#6)0*#)2+.1/*11G#
H%1'1# 9*)9)'$:''114#()#($31#:&((:1#*1/$*.;)*# (%1# '(0.1+('-# 21:;$*1$+.# 9:$71# (%1# *190($(&)+);# (%1# 0+&>1*'&(6# ;&*'(<H%&'# &'#'&49:6# (%1#2*)+/2$6#()#.)#(%&+/'<
=.//"@A$')&*+5*"*+,1';1,*$',/"'$)/.+5*5$"4'3@'B.C"'D,4@
E$','61&3,1'"4.),+5&*'3"*"(5)5,10
BCVAB?JY#Z[Z\#F Z](%#KX^C@ACB#_``a!
E=CKC^CB#?-4#&+#$#(1**&85:1#4)).# )*# ;11:&+/# 9$*8(&70:$*:6# '(*1''1.,# 5&*.;:0# *1$*'# &('# 0/:6# %1$.<H%1'1# (2)# '114&+/:6&+.191+.1+(#)770**1+71'$*1#$7(0$::6#46'(1*&)0':6$+.#7)'4&7$::6#:&+31.<
?(# %$991+'# 1>1*6(&41L# (%1# /&*:;*&1+.# %$':1;(,# ?# .)+-(# %$>1# $+64)+16,# (%1# ()&:1(# &'5:)731.# $/$&+,# (%1# :$+.8:)*.# 2$+('# ()# 1>&7(# 0'b$+.#2)0:.#6)0#51:&1>1#&(#85&*.8;:0# &'# 5$73U# ?(# *1$::6&'#P0&(1#0+7$++6<
!(#:1$'(#(%1#4$''#%6'8(1*&$# *1/$*.&+/# 5&*.# ;:0'114'# ()# %$>1# ;&+$::6'05'&.1.<#
H%1# ;)70'# &+# *171+()0(5*1$3'# $991$*'# ()%$>1# *&/%(:6# '%&;(1.# ()(%1# 9))*# ;$*41*'# 2%)'1:&>1:&%)).'# $*1# .119:6$;;17(1.#56#(%1#.&'1$'1<=)21>1*,#2&(%#(%&'# :$(1'()0(5*1$3,# (%1*1# &'# $/$&+*1$:#7$0'1#;)*#%6'(1*&$<#
H%1# 4)'(# *171+(7$'1'#%$>1#511+#;)0+.#&+(0*316'<#!'#'07%,#21#7$+.1.071# (%$(# (%1# >&*0'7)41'# +)(# ()# 3&::# 0'# $::,50(#()#*0&+#)0*#J%*&'(4$'.&++1*U# "0*1:6# (%&'# &'# $;$(1# 2)*'1# (%$+# .1$(%$+62$6<
H)#7)+'):1#)0*'1:>1',$(#:1$'(#21#%$>1#(%1#407%$+(&7&9$(1.#&R%)+1#2%&7%2$'#:$0+7%1.#(%&'#2113<#
R$731.# 2&(%# 1+)0/%;1$(0*1'# ()# 4$31# 6)0*I*$++6# $770'1# 6)0# );2&(7%7*$;(,# (%1# &R%)+1%$'# 7)41# ()# *1'701J%*&'(4$'U# ?(-'# :&31# (%14).1*+# 1P0&>$:1+(# );# $7%1136# !99:1# &+# 6)0*'()73&+/<
?;# 6)0# 2$+(# ()# 506(%1#&R%)+1#6)0*'1:;,#%)281>1*,# &(#2&::#'1(#6)0#5$73(%1#1P0&>$:1+(#);#$99*)D8&4$(1:6# Z_a<_a[#9&+('# );:$/1*U# W*$+3:6,# &(# &'# O0'(+)(#2)*(%#(%1#'$7*&;&71<
E%$(-'# 4)*1,# (%19%)+1# 7$+# )+:6# 515)0/%(#)+#X_#2&(%#$#4&+8&404# 7)+(*$7(# );# c[d)+:6<#"),#$'#21::#$'#51&+/7)49:1(1:6# )0(# );# 469*&718*$+/1,# ?# 2)0:.+-(1>1+#51#$5:1# ()#0'1# &(# ()9*)7*$'(&+$(1# &+# (%1.1191'(# 7)*+1*'# );# (%1:&5*$*6#8#(%1*1#$*1#'&49:6')41#9:$71'#$+#X_#'&/+$:7$++)(#91+1(*$(1<
A0(# :1(# (0*316'# $+.&R%)+1'#*1'(<#E%$(#21#$::*1$::6#+11.# &'#$#.&1(# *&7%&+# ;&'%# ;)*# )41/$8[# )&:',;*0&(#$+.#>1/1($5:1'<#
!77)*.&+/# ()# (%1;&+.&+/'# );# $# /*)0+.85*1$3&+/# +12# '(0.6*1:1$'1.# (%&'# 2113,# '07%$#.&1(#2)0:.#'05'($+(&$:8:6# :)21*# )0*# *&'3# );.141+(&$# $+.!:e%1&41*-'<# E1::,# (%$(-'$2;0::6#0'1;0:,#&'+-(#&(G
X41/$8],# )+# (%1)(%1*# %$+.,# ;)0+.# &+9*).07('# '07%# $'# '0+8;:)21*# )&:,# %$'# $# .1(*&841+($:# 1;;17(<# H%1# '(0.6;)0+.#(%$(#(%)'1#(%$(#$(1;*0&(#$+.#>1/1($5:1'#.$&:6*1.071.# (%1# *&'3# );.141+(&$# 56# [`f# 8# 2)2UE%)#2)0:.#%$>1#(%)0/%(&(,#1%G
"),# :1(# 41# 7)+7:0.1(%1# ;&+.&+/'# );# (%&'5*1$(%($3&+/# '(0.6<# C$(%1$:(%6# (%&+/'<#V)+-(# 1$(0+%1$:(%6# (%&+/'<# B&/%(,(%$(-'#')*(1.<#H%$+3#6)0<
G'3,)C;,)C"/A$'4"6/""
%./*5*6&H"/','*"#:,6"
I;)&75*6'"H"*+$JK"4*"$4,@'LM$+'!&HJ'K5*+"/'N&.*+,5*""/5*6'$C511$'H%1# @)0+($&+11*&+/# ")7&1(6# $*1# 2)*3&+/# 2&(%# (%1A*&(&'%#@)0+($&+11*&+/#J)0+7&:#()#5*&+/#4)0+($&+11*8&+/# 1D91*('# ()# 7$490'<# 2%)# 2&::# /&>1# $.>&71# )+# (%1'3&::'# $+.#1P0&941+(#+11.1.# ;)*#2&+(1*#2$:3&+/#$+.7:&45&+/<# # H%1# 1>1+(# '($*('# $(# a<[`94# &+# (%1# I0&:.J)0+7&:#J%$451*<#H&731('#7)'(#c[<##W)*#4)*1#&+;)*4$8(&)+,#14$&:#4)0+($&+g0547<7)<03
N&*4,@'LO+-'!&HJ'!I='D"1"6,+"'*&75*,+5&*$')1&$"h$'(#7%$+71#;)*#'(0.1+('#()#%$+.#&+#(%1&*#+)4&+$(&)+;)*4'# ()# '($+.# &+# (%1# 1:17(&)+# ()# *19*1'1+(# (%1F+&>1*'&(6#2&(%#(%1#K$(&)+$:#F+&)+#);#"(0.1+('
K"4*"$4,@'LP+-'!&HJ':&$+6/,4.,+"'Q;"*'D,@H%1#F+&>1*'&(6#&'#%)'(&+/#$#.$6#);#($:3'#$+.#&+;)*4$8(&)+#;)*#'(0.1+('#&+(1*1'(1.#&+#.)&+/#)+1#);#)>1*#[d`9)'(/*$.0$(1# 7)0*'1'<# # J0**1+(# '(0.1+('# $'# 21::# $''($;;#2&::#51#)+#%$+.#()#1D9:$&+#2%$(#&'#&+>):>1.#$+.)+#);;1*<#H%1#1>1+(#*0+'#;*)4#ZZ$4#(&::#i94,#$+.# &'5$'1.#&+#(%1#!'()+#E155#A0&:.&+/<#W)*#4)*1#&+;)*4$8(&)+,#'11#222<)91+.$6'<5%$4<$7<03<
!"#$!%&'()*)+(! ),-.(/01"2$"!(3445 !
67"( 8988:;( -.<( =>9?<@
?.9A<( A.BCBCD( 8@<A<CE<
9C( F( GHI8<@( 9@( E9F-
A.9?A(-.F-(:9H(@<I<IJ<@
FCK( F88@<EBF-<( -.<( I<C
FCK( ?9I<C( ?.9( .FL<
<B-.<@( AFE@B=BE<K( -.<B@
>BL<A( =9@( 9H@( E9HC-@:( 9@
.FL<( J<<C( EFHD.-( H8( BC
-.<(E9CA<MH<CE<A(9=(?F@N
=F@<O
#H@BCD( -.<( ?<<PA
J<=9@<( !<I<IJ@FCE<
QHCKF:R( %( =<>-( FC( BCE@<FAN
BCD(<><I<C-(9=(8F-@B9-BAI
FCK( 8@BK<( <@H8-( ?B-.BC
I<O(%(?FA(8@9HK(9=(-.<(EB-N
BS<CA(-.F-(9H@(D@<F-(E9HCN
-@:(.FA(8@9KHE<KO
$@B-BA.( A9>KB<@A( F@<
IFK<( A9><>:( 9=( J@FL<@:
FCK( E9H@FD<O( 6.<:( .FL<
<T8<@B<CE<K(>B=<(BC(?F-<@N
>9DD<KR( D@BI( -@<CE.<AR
8<-@B=B<K(J<:9CK(J<>B<=(9=
.<F@BCD( -.<( 9@K<@( -9( D9
U9L<@( -.<( -98V( -9( ?.F-
?FAR( =9@( I9A-R( F( E<@-FBC
K<F-.O( 6.<:( .FL<( .FK( -9
-FEP><(FCK(K<=<F-(-.<(/FSB
I<CFE<( BC( -.<( $F--><( 9=
$@B-FBC(FCK(J<:9CKR(?.<C
-.<( 9KKA( ?<@<( A-FEP<K
FDFBCA-(-.<IO(
Q9>KB<@A( .FL<( J<<C
BCGH@<K( 9@( .FL<( KB<K
=BD.-BCD( F( >9ABCD( JF--><
-@:BCD( -9( A9>L<( -.<( E@BA<A
BC(%@FM(FCK(W=D.FCBA-FCO
Q9R( >FA-( ?<<PR( B-
A.9EP<K( I<( -9( A<<( .9?
=<?( 8<98><( F@9HCK( EFIN
8HA( .FK( F( 8988:( 8BCC<K
9C(-9(-.<B@(-98AO(
69(-.BCP(-.F-(=9@(?.F-
F>>( -.9A<( E9H@FD<9HA( A9>N
KB<@A(?<C-([email protected](A9I<
8<98><(EFCC9-(<L<C(IFP<
FC(<==9@-(-9(K9CF-<(<L<C(F
AIF>>( AHI( 9=( I9C<:( -9
-.<( X988:( W88<F>( FCKR
I9@<( BI89@-FC->:R( J<
8@9HK(-9(?<F@(F(8988:O(
%( PC9?( B-( A<<IA( J:
AF:BCD( -.BA( -.F-( 8<98><
A.9H>K(J<( =9@E<K( -9(?<F@
9C<O(79?<L<@R( B-( BA( C9-( F
E.9@<O(
0C(-.<(E9C-@F@:R(%(FI
AH@<( IFC:( 9=( :9H( KBK
?<F@(9C<R(FCK(?<@<(8@9HK
9=( B-R( JH-( %( FI( GHA-( L<@:
8FAAB9CF-<( FJ9H-( -.BA
-98BER(FCK(B-(FCC9:A(I<(-9
-.BCP( .9?( AHE.( F( AIF>>
-9P<C(9=(@<A8<E-(.FA(A-F@-N
<K(-9(J<(BDC9@<KO
0C( -.<( Y<KC<AKF:
J<=9@<( !<I<IJ@FCE<
QHCKF:R( %( -@FL<>><K( -9
Z9CK9C( 9C( -.<( -@FBC( -9
LBAB-( -.<( %I8<@BF>( YF@
2HA<HIO(
WA( %( >99P<K( F@9HCK
-.<(-@FBCR(%(AF?(F(JHABC<AA
IFC(9889AB-<(I<(?B-.(.BA
>F8-98R( =FCE:( 8F8<@?9@P
FCK( CHI<@9HA( A-F-<N9=N
-.<NF@-(<><E-@9CBE(DFKD<-AO
%( AF?( .BA(?B=<( J<ABK<
.BI(-F>PBCD(<CK><AA>:(BC(F
AC9JJBA.( =FA.B9CO
[email protected]( -.<( EF@@BFD<
-.<@<( ?<@<( I<C( FCK
?9I<C( ?.9( A<<I<K( -9
-.BCP(-.F-(-.<:(?<@<(I9@<
BI89@-FC-( -.FC( FC:9C<
<>A<O(
%(F>A9(C9-BE<K(-.F-(I:
=FIB>:(FCK(%(?<@<(-.<(9C>:
8<98><(?<F@BCD(8988B<AO(
29@<( A.9EPBCD( ?FA
?.<C(%(F@@BL<K(F-(-.<(YF@
2HA<HI( N( %( C9-BE<K( -.F-
A9I<(9=(-.<(A-F==(?<@<(C9-
<L<C(?<F@BCD(-.<I[(
Y<( >BL<( BC( F( A9EB<-:
-9KF:(?.<@<( 8<98><( .FL<
>9A-( ABD.-( 9=( -.<( I9@F>
-.BCDA( BC( >B=<( FCK( BC( =FE-
-.<:(F@<(GHA-(FA(BI89@-FC-
FA(-.<(IF-<@BF>(-.BCDAO
79?<L<@R( %( .98<( -.F-
:9H( KBK( @<I<IJ<@( -9
?<F@( :9H@( 8988:( ?B-.
8@BK<( 9L<@( -.<( >FA-( ?<<P
FCK( %( FI( AH@<( :9H( =<>-
D99K(J<EFHA<(9=(-.F-O(
\9@( -.9A<( 9H-( -.<@<
-.F-( KBK( C9-R( %( .98<( -.BA
F@-BE><( .FA( IFK<( :9H
@<F>BA<( -.F-( -.<( >B--><
-.BCDA( BC( >B=<( D9( F( >9CD
?F:( FCK( -.F-( -.<( ?F@
.<@9<A( 9=( 8FA-( FCK( 8@<AN
<C-( K<A<@L<( -9( J<
FEPC9?><KD<K( FCK
@<I<IJ<@<KO(
69( -.BCPR( JH-( =9@
-.<IR( >B=<( FA( ?<( PC9?( B-
E9H>K( .FL<( J<<C( L<@:R
L<@:(KB==<@<C-O
"#$%&'(%)*+,%&'(,-%)#./%0,#$*1
2*+,%#.%)#./%0,#$*3
4'55*6.
7*)-
8''9#6:%;+<9%'6%=*5*5;,+6<*%"+&>%?#.</%=';*,.-%+-9-%)/*,*%+@@%./*%0'00#*-%)*,*
67"(=B@A-(#BDB-F>(\B>I(FCK
2<KBF(\<A-BLF>( -9(J<(.<>K
BC( -.<( ]'( ?B>>( J<( .9A-<K
J:( [email protected]( C<T-
FH-HICO(
6.<( <L<C-( ?B>>( -FP<
8>FE<( 9L<@( =9H@( KF:A( BC
0E-9J<@( 344+R( FCK( FBIA
-9( D<-( -.<( 8<98><( 9=( -.<
Y<A-(2BK>FCKA( BC-<@<A-<K
BC( -.<( @F8BK>:( FKLFCEBCD
KBDB-F>(FD<O
6.<( =<A-BLF>( ?FA( E@<N
F-<K(FA(F(@<8>FE<I<C-(=9@
[email protected]( FJFCK9C<K
%C-<@CF-B9CF>( \B>I( FCK
6<><LBAB9C(\<A-BLF>O(
6.<( EB-:( BA( A<<C( FA
BK<F>(=9@(AHE.(F(C<?(E9CN
E<8-R(J<EFHA<( B-(K9<A(C9-
.FL<( B-A( 9?C( -@FKB-B9CF>R
<A-FJ>BA.<K( =B>I( =<A-BLF>
AHE.( FA( -.9A<( .<>K( BC
"KBCJH@D.(9@(Z9CK9CO
^FI<A( XH@C<>>R
&H>-H@<( Q<E@<-F@:R
@<L<F><K( ?.F-( ?<( EFC
<T8<E-(=@9I(-.<(=<A-BLF>O(
_6.<@<(?B>>(J<(BC-<@FEN
-BL<( DFIBCD( FE-BLB-B<AR( F
KBDB-F>( =B>INIFPBCD( 8@9N
D@FII<(=9@(AE.99>A(FCK(F
KBDB-F>( -F><C-( EFI8HA( F-
.BD.<@( <KHEF-B9C( BCA-B-HN
-B9CAO`(7<(F>A9(FKK<K(-.F-
-.BA( ?FA( _GHA-( F( AIF>>
-FA-<@( 9=(?.F-(?B>>( J<( 9C
9==<@`O
6.<( JHB>KNH8( -9( -.<
<L<C-(?B>>( A<<( F( A<@B<A(9=
8@9G<E-A( -FPBCD( 8>FE<
FE@9AA( -.<( @<DB9CR
F--<I8-BCD( -9( >BCP
AE.99>AR(E9IIHCB-B<A(FCK
HCBL<@AB-B<A( F>BP<( -9( -.<
>F-<A-( -<E.C9>9D:( BC( KBDBN
-F>(I<KBFO(
6.<(=<A-BLF>(?FA(DBL<C
-.<( D9NF.<FK( 9C>:( F=-<@
[email protected]( &B-:( &9HCEB>
8@9IBA<K( -9( BCL<A-( FC
HCE9C=B@I<K( =BDH@<R
J<>B<L<K( -9( J<( F@9HCK
a)b4R444R(BC(-.<(8@9G<E-O
&9HCEB>( ><FK<@( 2BP<
Y.B-J:( AFBK;( _6.BA( BA( F
=FC-FA-BE(?F:(-9(A.9?EFA<
9H@( EB-:( -9( D>9JF>( FHKBN
<CE<AR( ?.B><( DBLBCD( 9H@
EB-BS<CA(F(E.FCE<(-9(<T8<N
@B<CE<( -.<( ?9CK<@A( 9=
C<?(-<E.C9>9D:`O
\B@A-(#BDB-F>(\B>I(FCK
2<KBF(\<A-BLF>(BC($@HI
A$#.',^FI<A(0DK<C
"*0(.&%A$#.',-#FCB<>><(299@<
Q-<8.<C(XB-E.<@A
4,*+.#B*%A$#.',QF@F.(\<C-9C
C#<(,*-%A$#.',^<AA('BI
A$#.',#+@%D--#-.+6.-Q-<L<(Q-@<F-=B<>K
^9<>(\FH>PC<@
!9AB<(WDD<--
7FCCF.(c@<<C
QF@F.(2FBF
!HIJB<(2HA.FCDB
"><FCF(0L<@<--
4/#*E%C/'.':,+0/*,ZBS(Q<FJ@99P
7*)-%A$#.',-Q:@<<-F(&HIJ<@JF-E.
X.B>B8(^9@KFC
/F:.F('F>BF
!"#$!%&'(")*+,-./0%12&-23'
F*+.(,*-%A$#.',[email protected]($<K=9@K
&9@:(7FS><.H@A-(
!"#4"0.3!"*+,-./0%12&-23'
?(-#<%A$#.',-^FI<A(#B>PA
$<EP:(6@<CC<@
!"#$!%&'/3*%&+,-./0%12&-/
D,.-%G%4(@.(,*%A$#.',-QF@F.($>FEPFJ:
7<><C(&@H-E.<@
5".&31.3!01!"#$!%&'+,-./0%12&-/
H#$*':+5*-%A$#.',0>>:(29AA
8#E*-.&@*%A$#.',%=H(%=<FE.9
!"#$!%&'1%4"*.61"+,-./0%12&-23'
F#@5%A$#.',-ZFH@F(7HI8.@<:A
%LFC(!FK=9@K
!"#$!%&'4%1/+,-./0%12&-/
IH%A$#.',-WF@9C(!9FE.($@BKD<IFC
WF@9C([email protected]
!"#$!%&'7."1"8%*%-(+,-./0%12&-23'
J0',.%A$#.',-#9IBCBE(#FLBA
/BEP(79?F@K
!"#$!%&'*9-!.+,-./0%12&-/
C,''E,*+$*,-Q98.B<($FB><:
!BE.F@K(&.F@>-9C
&F-(\9@K<
XFH>('B88<C
W@A.<<C(!FG8F@
\<>BT(!<.@<C
K6@#6*%A$#.',!.:A(7F:?F@K
K6@#6*%J(;LA$#.',-^9.FCCF($@9IB>9?
WC:F(&9H@-
ZFH@F(#FLB<A
^9CF-.FC(cB>J<@-
2BP<(c@B==B-.A
7F@@B<--<(ZF@K<@
'F-.F@BC<(/H@A<
&F-@B9CF(XBEPF@K
/BEP(!9J<@-A
"*-#:6*$%G%.&0*-*.%;&=*$;,#<9M4'0&,#:/.%N4O%=*$;,#<9%PQQR
!<KJ@BEP(A-@BL<A(-9(H8.9>K(-.<
/]^( E9K<( 9=( E9CKHE-O( 6.<
LB<?A(<T8@<AA<K(BC(:"#$!%&' K9
C9-(C<E<AAF@B>:(@<=><E-(-.9A<(9=
-.<( <KB-9@AR( -.<( cHB>K( 9@( -.<
8HJ>BA.<@AO(%=(:9H(=BCK(FC(<@@9@
9=( =FE-( BC( 9H@( 8FD<AR( 8><FA<
?@B-<( -9( -.<("KB-9@O(0H@(89>BE:
BA(-9(E9@@<E-(IBA-FP<A(8@9I8->:
BC( 8@BC-( FCKR( ?.<@<( F88@98@BN
F-<R(-9(F89>9DBA<O(
Y<(@<A<@L<(-.<(@BD.-(-9(<KB-(FC:
F@-BE><R( ><--<@(9@( <IFB>( AHJIB-N
-<K(=9@(8HJ>BEF-B9CO
I'%<'6.+<.%(-S
:"#$!%&'T(#@$%'E%J.($*6.-A$:;+-.'6%C+,9%='+$U#,5#6:/+5UVW%PIX
I*@*0/'6*S%%4)3)(3b)(3d,3
A5+#@S%!"#$!%&'+53%1#2$,0/20&23'
)))2!"#$!%&'-(1%("2&-23'
D$B*,.#-#6:S%&9C-FE-("IB>:($FKD<@(BC(cHB>K
2F@P<-BCD(9C(4)3)(3b)(3b3bR
<OJFKD<@eDHB>KOJ.FIOFEOHP
:"#$!%&' BA( 8@BC-<K( -.@9HD.
???OMH9-<I<8@BC-OE9IR( 4+db
)*44(,,5O
8'<+@%7*)-
0/( QHCKF:( ))-.
/9L<IJ<@R( &<C-<CF@:
QMHF@<( 8>F:<K( .9A-( -9
_Z<A-(Y<(\9@D<-`O
6.<( A<@LBE<( E<C-@<K
9C( @<I<IJ<@BCD( -.<
8FA-( FCK( 8@<A<C-( E9CN
=>BE-A( BCL9>LBCD( $@B-BA.
A9>KB<@AO(
%-(?FA(8@BIF@B>:(E@<N
F-<K( -9( @<I<IJ<@( -.<
A9>KB<@A( 9=( -.<( \B@A-
Y9@>K( YF@R( JH-( B-( .FA
J<E9I<( F( -BI<( =9@
@<=><E-B9C(9C(-.<(Q<E9CK
Y9@>K( YF@( FA( ?<>>( FA
I9@<(@<E<C-(E9C=>BE-AO(
6.BA( :<F@R
!<I<IJ@FCE<( QHCKF:
F>A9( =<>>( H89C( -.<( <TFE-
KF-<(-.F-(-.<(\B@A-(Y9@>K
YF@(?FA( =BCF>>:([email protected]
-9(F(.F>-R(+f(:<F@A(FD9O(
6.<( ),R444( $@B-BA.
A9>KB<@A(-.F-(.FL<(=F>><C
BC( E9IJF-( ABCE<( )fdb
?<@<(.9C9H@<K(J:(F(-?9
IBCH-<AV( AB><CE<( FCK( F
8@9E<AAB9C( 9=( <TNA<@N
LBE<I<C( 8FA-( -.<( Z9@K
2F:9@(9=([email protected](
6.BA( E9BCEBK<K( ?B-.
-.<(FCCHF>(<L<C-(.<>K(BC
Z9CK9C( F--<CK<K( J:
IFC:( ><FKBCD( KBDCBN
-F@B<A( =@9I( F@9HCK( -.<
]'O(
Y8*-.%2*%F',:*.Z<*,*5'6&
F#@5%E*-.%-''6%.'%/#.%U#,5#6:/+5%<#.&
I'5%4@+,9*
I'5%C,+..
!"#$!%&'()*)+(! ),-.(/01"2$"!(3445
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
.<9@A(687:M:?(%(.<M:(9:M:?
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
$B-( I8?E:--G9E( -.:NB9=(<9@(=-<-G=-G>=D(-.:?:<?:( =8J:( M:?F( ?:<;( ?G=O=-8( 7.<-( ><9( <NN:<?( =8.<?J;:==A(09(<(;8><;(98-:D7.<-( ><9( C:EG9( <=( <I?G:9@;F( ><?@( E<J:( .8=-K:@(CF(I?G:9@=D(><9(=7GI-;F@G==8;M:( G9-8( =8J:-.G9EJ8?:( =G9G=-:?A( Y.:9:M:?J89:F( G=( N?:=:9-( G-( G=GJN8?-<9-( -8( ?:J:JC:?
.87( -.:( >;GJ<-:( G=( 8I-:9@GII:?:9-Z( G9T:>-( =8J:<;>8.8;( <9@( <( @8=:( 8I>8JN:-G-G89( G9-8( -.::RB<-G89D( <9@( =889( -.:C?:7(><9(C8G;(8M:?A(
/87(G-(.<=(-8(C:(=<G@-.<-( -.:=:( =>:9<?G8=( <?:G9(-.:(JG98?G-FA(V.:(B=B<;=G-B<-G89( C:EG9=( 7G-.I?G:9@=( <9@( IG9G=.:=(7G-.-.:JD(<9@(=8(:M:?F89:P=(<7G99:?( <9@( -.:(NB9=( ><9>89-G9B:(I?::;FA(687:M:?D89( <( J8?:( 8IIG>G<;( ;:M:;DI8?( :L<JN;:( -.:( -78J<T8?( E<JC;G9E( 8B-;:-=D-.:(.GE.(=-?::-(=.8N=(<9@-.:( ?:<@G;F( <>>8JJ8@<-KG9E(?:<;J(8I(-.:(G9-:?9:-D-.:( <-J8=N.:?:( ><9( C:;:==(-.<9(I?G:9@;FD(<@@G9E;89:;G9:==( <9@( @:=N<G?G9-8( -.<-( G9>?:<=G9E;FM8;<-G;:(>89>8>-G89A(
#8( 98-( JG=-<O:( J:D-.:(=GE.-(8I(<(7G99:?(G=(<=?:I?:=.G9E( <=( G-( .<=( :M:?C::9D(CB-(<=(G-(G=(<;=8(=B?K?8B9@:@( CF( <( N88;( 8I?:E?:--<C;:( ;8==:=( <9@I?B=-?<-G89D( G-( G=( G9>?:<=KG9E;F(@GIIG>B;-F(-8(NB;;(8B--.:( N8=G-GM:=A( 0I-:9( -.:J88@(G9(-.:(C:--G9E(=.8NG=(=-<E9<9-D(7G-.(89;F(-.:>?BJN;G9E( 8I( =;GN=( <9@-8==G9E( 8I( N:9=( -8( G9-:?K?BN-( <( =G;:9>:(7.G>.( G9( <?88J( IB;;( 8I( N:8N;:( G=<9F-.G9E(CB-(8?@G9<?FA(
09( <( ;:==( @G=.:<?-:9KG9E( 98-:( I8?( =-<-G89<?FDCB-( :RB<;;F( 78??FG9ED( G=-.:(9:7(-?:9@(8I(G9-:?9:-E<JC;G9EA( %9.:?:9-;FG9>;B=GM:( <9@( ?:RBG?G9ETB=-(:98BE.(<--:9-G89(-.<-
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
S<JC;G9E(7G;;( >89-G9KB:( 7G-.( 9:7( EGJJG>O=<9@( :9@;:==( N8==GCG;G-G:=IB:;;G9E( <9( G9IG9G-:<J8B9-(8I(IG9<9>G<;(=N:>KB;<-G89A( V.:( -?G>O( G=( -8J<O:( =B?:( F8B( NG>O( -.:89:( 7G-.( I8B?( ;:E=D( -.:=7GJJ:?(7.8(@G@9P-(-?<G97G-.( <;;GE<-8?=( <9@( -.:I88-C<;;:?( 7G-.( <9( %\C:;87( 54A( 28@:?<-G89( G==B?:;F(-.:(=<I:(C:-](E88@-GNA
"#$%&'$(%)*+,&%$*#-$#*))./
0'*%1)'(
YG-.( 9:7D( ?:;<L:@( ;<7=( 89( E<JKC;G9ED(2*3$0.(%') ;88O=(<-(.87(7:><9(:9T8F(<(I;B--:?(G9(J8@:?<-G89
4*356+#,$7*#$'*(+68$%1)#$9).3$91#$%.$-*#,').1(.5('((+.#
^00'%/S C<>O( -.?8BE.IG>-G89<;( .G=-8?F( G-( G=:<=F(-8(=N8-(-.:(@F9<JKG>( @B8=( 7.8( .<M:E?<>:@(8B?(=>?::9=(<9@N<E:=( I8?( @:><@:=_68;J:=( <9@( Y<-=89D`?:@( <9@( YG;J<`;G9-=-89:D( 2<?G8( <9@^BGEGA((V.:=:(<9@(>8B9-K;:==( 8-.:?( 7:;;KO9879>8BN;:=( <?:( I<J8B=( <=N<G?=A(Y:(?<?:;F(=::(89:7G-.8B-( -.:( 8-.:?D( F:-DGI(F8B(;88O(>;8=:?D(-.:F<?:( 98-( =8( JB>.( >8BKN;:=( <=( >.<?<>-:?( <9@=G@:OG>OA((
V.G9O( <C8B-( G-( K>8B;@( /G9-:9@8( :M:?=B>>:==IB;;F( J<?O:-^BGEG( '<?-( !<>G9E( 8?^BGEG(a<?-FW((%-(78B;@9P-.<NN:9A( ( YG;J<D( ^BGEGDY<-=89( <9@( -.8B=<9@=8I( 8-.:?=( .<M:( -<O:9-.:G?( N;<>:( G9( IG>-G89<;.G=-8?F( 98-( <=( >.<?<>K-:?=( G9( -.:G?( 879( ?GE.-DCB-( C:><B=:( 8I( -.:G?>899:>-G89=( -8( 8-.:?DJ8?:( N8NB;<?( IGEB?:=A%-P=( N?:--FKEG?;K7G-.K8C;GE<-8?FKBE;FKC:=-KI?G:9@K=F9@?8J:D(CB-(G9-.:(J<O:KC:;G:M:(78?;@A((
b8B( ><9P-( .:;N( CB-789@:?( GI( -.G=( G=C:><B=:(-.<-(G=(.87(7::LN:>-( -.:( 78?;@( -878?OW( ( %9( :M:?F( N<G?( G=-.:?:(<;7<F=(89:(7.8(G=J8?:( @8JG9<9-( -.<9-.:(8-.:?W((%9(J<9F(=G-KB<-G89=( -.G=( @8:=( =::J-8( C:( -.:( ><=:A( ( $BccH;@?G9( G=( 98-( 9:<?;F( <=I<J8B=( <=( /:G;H?J=-?89ED( C:><B=:=8J:89:(.<@( -8(C:( -.:IG?=-(J<9(89(-.:(J889D?GE.-W((
&<=:=( 8I( -.:( @8JGK9<9-K=BC=:?MG<9-( N<G?<?:(:M:9(J8?:(8CMG8B=D<9@(:M:9(J8?:(=.8B-:@<C8B-D( G9( =GC;G9E( ?:;<K-G89=.GN=A( ( $G?-.( 8?@:?-.:8?G:=(<?:(?GI:(K(G=(-.:JG@@;:(>.G;@(<;7<F=(-.:?:C:;W( ( H?:( F8B9E:?>.G;@?:9(J8?:( ;GO:;F( -8<>-(8B-(-.<9(-.:G?(8;@:?=GC;G9E=W( (H9@(<?:( -.:FGE98?:@( G9( ;<?E:?( I<JGK;G:=W((
^88OG9E(<-(-.:(I<JGK;G:=( 8I( =8J:( 8IHJ:?G><P=(J8=-(I<J8B=N?:=G@:9-=D(G-(G=(:<=F(-8=::( 7.:?:( -.:=:( -.:8K?G:=( >8J:( I?8JA( ( V<O:/:G;($B=.A((HI-:?(:JC<?K?<==G9E( .G=( I<-.:?( CFG9M:=-G9E( d3( JG;;G89( G9B9@:?K.<9@( @:<;G9E=
7.G>.( :M:9-B<;;F( >8;K;<N=:@( eI8?>G9E( S:8?E:$B=.(=:9G8?(-8(C<G;(.GJ8B-fD(.:(J<@:(.:<@;G9:=<E<G9(G9(344*(<I-:?(=:MK:?<;( =:LB<;( :9>8B9-:?=G9( <( V.<G;<9@( .8-:;><J:( -8( ;GE.-AH>>8?@G9E(-8(/:G;($B=.D-.:( 78J:9( =GJN;Fg-B?9:@(BNh(8B-=G@:(.G=.8-:;( ?88J( @88?A( ( H9@=8( C:E<9( <( J:==F@GM8?>:(><=:AAA
S8G9E( C<>O( <( ;G--;:IB?-.:?D( -<O:( V:@@F!88=:M:;-P=( F8B9E:?C?8-.:?D( ";;G8--D( 7.87<=( G9=-G-GB-G89<;G=:@I8?( @:N?:==G89( <9@<;>8.8;G=JD( :M:9-B<;;F@FG9E( G9( >G?>BJ=-<9>:=7.G>.( =8J:( =-G;;( >;<GJ=BEE:=-( .:( OG;;:@( .GJK=:;IA((
X8( -.:( >89>;B=G89D-.:( N8G9-( -8( <;;( -.G=?<JC;G9EW((b:=D(G-(?:<;;F@8:=( =B>O( -8( C:( <F8B9E:?( =GC;G9EA"=N:>G<;;F(G9(<(CGE(I<JGK;FA( ( ( H9@( F:=D( =8J:N<G?=( @8( =::J( -8( C:GJC<;<9>:@( G9-8( <;:<@:?K=G@:OG>O( ?:;<K-G89=.GNA
$B-( 8-.:?=( @89P-D<9@( I8?( J8?:( 89( -.G=-8NG>( %P@( N8G9-( -8( -.:Y?GE.-( $?8-.:?=D( ^<B?:;<9@( 6<?@FD( >8B9-;:==8-.:?=( 7.8( =.<?:@( -.:CB?@:9( <9@( 987( =.<?:<9(:RB<;(N;<>:(G9(.G=-8K?FA((
Y.G>.( C?G9E=( J:9:<-;F( e:M:9-B<;;Ff( -8-.:( N8G9-( 8I( -.G=( >8;KBJ9A((V.G=(7::O(7:(=<FI<?:7:;;( -8( &8?FD( 7.8.<=(@89<-:@(<(F:<?(<9@<(.<;IP=(78?-.(8I(=7:<-DC;88@( <9@( -:<?=( G9-80#123%4/P=( 9:7=( <9@I:<-B?:=( =:>-G89=AV.<-P=( -.G?-F( G==B:=D7.G>.( G=( ?:<;;F( RBG-:GJN?:==GM:i((
X8( G-P=( -GJ:( -8( =<FE88@CF:( -8( -.:( <;;K=G9EG9ED(<;;K@<9>G9ED(<;;KNB99G9E( &8?F6<c;:.B?=-D( CB-( 98( 89:>8B;@( ?:<;;F( <?EB:( -.<-<I-:?( -.G=( JB>.( -GJ:D-.G=( J<9F( G==B:=D( <9@NB--G9E(BN(7G-.(J:( I8?=GL(J89-.=D(-.<-(.:(.<=K9P-( :<?9:@( .G=( N;<>:( G9-.:( 0#123%4/5 .<;;( 8II<J:A( (H=( I8?(J:D(7:;;D98( J<--:?( .87( JB>.( %J8<9D( .:( .<=( @89:( <>8BN;:( 8I( E88@( -.G9E=I8?(`:<-B?:=A(($B-(89;F(<>8BN;:AAA(
:6.7;+#,$"99
6
<&.1(*#-($.9$='.=6'$5'%$.#$6*(%$8'*)>($?$9*7%.)$
@15$.9$%&'$/'';A
V.:(j8.9(2<=:IG:;@(NBC(G9(-.:(YG??<;(JGE.-(C:(I8?>:@-8(-<O:(@879(G-=(=GE9(<I-:?(<>>B=<-G89=(-.<-(-.:(N8:-@:NG>-:@(;88O=(;GO:(6G-;:?A((
V.:(NBCD(7.G>.(;8><;=(<?:(<;?:<@F(><;;G9E([V.:(H@8;IPDG=(@B:(-8(8N:9(I8?(CB=G9:==(9:L-(J89@<FA((gY:(JB=-<@JG-(.:(@8:=(;88O(<(CG-(;GO:(6G-;:?(89(-.:(=GE9Dh(=<G@J<9<E:?D(X:<9G:(Y<;=.D(gCB-(-.<-(@G@9P-(8>>B?(-8(B=B9-G;(<I-:?(7:(NB-(G-(BNAh((
Y:(-.G9O(=.:P=(?:<;;F(=>?<NG9E(-.:(C8--8J(8I(-.:(C<?K?:;;(.:?:AAA
B1.%'$.9$%&'$/'';A
gH( =B?M:F( 8I( -.:( ^::@=&8JJB9G-F( #?BE=X:?MG>:( B9@:?-<O:9( CFB=:?=(?<-:@(-.:G?(8M:?<;;=<-G=I<>-G89( 7G-.( -.:=:?MG>:(<=(.GE.Ah
<&'$ !"#$%&'#() *"%+ 9*+6%.$ #.%+7'$ *#$ *77+-'#%*6=1#$+#$.#'$.9$%&'+)$*)%+C76'($C$(=6+99+#,D
E155+(&$.9$%&'$/'';A$$33A,(JG;;G89(-899:=(8I(?BCKCG=.(7:9-(-8(;<9@IG;;(=G-:=(G9($?G-<G9(@B?G9E(344Uk4lD-.:(.GE.:=-(G9("B?8N:A((Y.<-(<(;8<@(8I(E<?C<E:i
Civilization awaits.From just £1
making travel simplerwww.nationalexpress.com£1 funfares are also available across the country to 52destinations. Funfares are subject to availability and are only available online at www.nationalexpress.comFunfares are sold in accordance with the National Express general conditions of carriage, which can be found at www.nationalexpress.com
+ =
Book early and go home to London,Bristol or Manchester for the priceof a couple of tins of beans.
!"#$!%&'()*)+(! ),-.(/01"2$"!
%3( .45( 6778( 9:7;( -<9=74;5( 89<( 5>8?7( -.7( @A@69B6>8C5( >8( D98E98( 48E-.7( F9:7;8B78-( .45E7?>E7E( >-( >5( ->B7( G9;( 4;7:>7<(9G(9H;(-7;;9;(I7C>5JI4->98K
%-(<45( -.7(@A@(69B6J>8C5( -.4-( L;9BL-7E( -.7>8>->4I( ;7:>7<( -<9( =74;54C9M( <.78( -.7F9:7;8B78-( <7;7( LH5.J>8C(-9(67(46I7(-9(.9IE(-7;J;9;(5H5L7?-5(G9;(HL(-9(NOE4=5( <>-.9H-( ?.4;C7PG;9B( -.7( )Q( E4=5( >-(<454-(-.7(->B7RK(
3.7( 4889H8?7B78-6=( F9;E98( $;9<8( >8( -.7SH778T5(5L77?.M(-9(;7:>7<-.7( I7C>5I4->98M( ?9>8?>E75<>-.(-.7(;HI>8C5(G;9B(-.7U748( &.4;I75( E7( 2787V75?457K U748( &.4;I75( E72787V75(<45(5.9-(E74E(>8W-9?X<7II( -H67( 5-4->98( >8UHI=( YOOZ( G9II9<>8CL9I>?7( 9L7;4->985( >8( -.7<4X7( 9G( -.7( @A@( 69B6J>8C5K
[( L9I>?=( X89<8( 45\';4-95T( >5( >8( 9L7;4->98<.78(E74I>8C(<>-.(L9-78J->4I(5H>?>E7(69B67;5K(%-(>54( 5.99-J-9JX>II( L9I>?=E75>C87E( -9( L;7:78-( -.74--4?X( G;9B( 7:7;( -4X>8CLI4?7K( %-(<45(48(4LL4;78-?9BBH8>?4->98( G4>IH;767-<778( 9GG>?7;5( 48E-.7>;( 5HL7;>9;5M( 48E( -.75H657]H78-( ?98GH5>98M-.4-( I7E( -9( 59B7( 9GG>?7;5
67>8C( H8E7;( -.7( >BL;75J5>98( -.4-( -.7( G>;7( 9;E7;.4E(6778(>55H7EK
3.>5( L9I>?=M( 4I98C<>-.(-.7(Y+(E4=(E7-78->98I>B>-M( 4;7( 67>8C( ?985>EJ7;7EK(%-(.45(4I59(6778(5HCJC75-7E( -.4-( -.7( L9<7;( -9]H75->98( 5H5L7?-5( 4G-7;-.7=( .4:7( 6778( ?.4;C7EB4=(67(>8-;9EH?7EK( (3.>5>5( 67>8C( 9GG7;7E( 45( 484I-7;84->:7( -9( 7^-78E>8C-.7(Y+(E4=(I>B>-K(_9<7:7;-.7( 7GG7?->:78755( 9G( -.>54LL;94?.(.45(-9(67(]H75J->987EK(`.=(<9HIE(4(5H5JL7?-( -.4-( .45( 6778?.4;C7E( 4C;77( -9( 485<7;48=( B9;7( ]H75->985aWH;7I=(-.7=(<9HIE(67(67-J-7;(9GG(<4>->8C(G9;(4(bH;=Kc8E7;( -.757( L;9L957E;7:>5>985M( .9<7:7;M( 48=;7GH54I( -9( 485<7;( ]H75J->985( <9HIE( 67( LH-( >8G;98-( 9G( -.7( bH;=( 45( 4;7GH54I(-9(?9J9L7;4-7K(
[I-.9HC.( >-( >5(H8I>X7JI=( -.4-( -.7( F9:7;8B78-<>II( LH5.( G9;( NO( E4=54C4>8M( >-( .45( 6778( 5HCJC75-7E( -.4-( -.7=( <>II( 45XG9;( 59B7<.7;7( >8( -.7;7C>98(9G(Z,(E4=5M(E9H6I7-.4-(9G(-.7(?H;;78-(I>B>-K
d79LI7(9G-78(L957(-.7]H75->98M(<.=(>5(>-(87?75J54;=( -9(.9IE(5H5L7?-5( G9;59( I98C( <>-.9H-( ?.4;C7a3.7(485<7;(>5(59(-.4-(-.7L9I>?7( ?48( C4-.7;( 7:>JE78?7K( 3.757( ?4575( 4;7
9G-78( ?9BLI7^( 48E( 877EH8;4:7II>8CK(3.7(46>I>-=(-9<4>-(H8->I(?.4;C>8C(4II9<5G9;(4(?457(-9(67(B9;7(GHII=?985-;H?-7E( 67G9;7( ?9BJ>8C(67G9;7(4(bHEC7K
&>:>I( ;>C.-5( C;9HLD>67;-=( >5( :7;=( <9;;>7E469H-( -.7( L;9L957E7^-785>98M(89->8C(-.4-(<74I;74E=( .4:7( -.7( I98C75-E7-78->98( L7;>9E( >8( -.7G;77( <9;IEM( 48E( 4;778?;94?.>8C( 98( L79LI75T.HB48(;>C.-5K((_9<7:7;(%G77I( >-( >5( >BL9;-48-( -9L9>8-( 9H-( -.4-( -.7( L9I>?7?48( 89-( bH5-( 9L-( -9( .9IE-7;;9;( 5H5L7?-5( L45-( -.79;>C>84I( )Q( E4=( I>B>-( 4-<>IIK( 3.7( ?457( -9( 7^-78E-.7(E7-78->98(BH5-(67(LH-67G9;7(4(bHEC7K
%G(-.7(I>B>-(<7;7(-9(677^-78E7E( -.>5( L;4?->?7( 9GbHE>?>4I( ;7:>7<( <9HIE( 67;7L74-7E( 7:7;=( 57:78E4=5(-9(785H;7(-.4-(7:7;=J-.>8C( >5( >8( 9;E7;( 48E( -.75H5L7?-5T(;>C.-5(4;7(67>8CL;9-7?-7EK
D9;E(&4;I>I7M( -.7(B48>8( ?.4;C7( 9G( ;7:>7<>8C9H;( -7;;9;( I7C>5I4->98M67I>7:75( -.4-( >8( 59B7?4575( Y+( E4=5( >5( 89-789HC.K
3.7;7( >5( 4I59( -4IXM64?X7E( 6=( -.7&9857;:4->:75M( 9G( 4II9<J>8C( >8-7;?7L-( 7:>E78?75H?.(45(L.987(-4LL>8C(-967( 4EB>55>6I7( >8( ?9H;-M4II9<>8C( ?9:7;-( 5H;:7>IJI48?7( -9( 67( H57E( 45( 7:>JE78?7( <.78( ?4575( ?9B7-9(?9H;-K((3.>5(>5(48(>8-7;J75->8C( >E74K( $=( 4II9<>8C4II( -.7( 7:>E78?7( 4I;74E=?9II7?-7E(-9(B4X7(HL(L4;-9G( -.7( ?457( 4C4>85-( -.75H5L7?-5M( -.7=( <>II( 67
G4?>I>-4->8C( 4( 5.9;-7;E7-78->98( G9;( 48=( 5H5JL7?-5( 48E( G;77( HL( :4IHJ46I7( L9I>?7( ->B7( 59( -.7=?48( LH;5H7( 48=( 4?->:7I74E5(9;(>8G9;B4->98K
`.78( -4IX>8C( <>-.9-.7;( 5-HE78-5( -.7;7( >54I<4=5( G>7;?7( E>5?H55>989:7;( -.7( :4I>E>-=( 9GE7-4>8>8C( L79LI7( 67=98E-.7( 9;>C>84I( )Q( E4=( I>B>-H8E7;( -.7( -7;;9;( I4<5K06:>9H5I=( -.7( E764-79:7;( ?>:>I( I>67;->75( >59G-78( 648E7E( 4;9H8EM4IB95-( 67?9B>8C( ;7EH8JE48-(67?4H57(9G(-.7(>8G9;JB4->98(4C7K((%-(>5(I>X7(?;=J>8C(<9IGK
e7-(>-(>5(48(>BL9;-48-E>5?H55>98M( 987( -.4-5.9HIE(67(.4E(B9;7(9L78JI=( <>-.( -.7( LH6I>?( ;4-.7;-.48(67.>8E(?I957E(E99;5K[;7( 2H5I>B( ?9BBH8>->75B4;C>84I>57E(6=( -.7(LH6JI>?T5(L7;?7L->98(9G(-7;;9;J>5-5a( 3.7;7( >5( -4IX( 4-( -.7B9B78-( 9G( ?;74->8C( 4?9BBH8>-=( 9G( G74;( 48E5H5L>?>98K( 2H.4BB4E[6EHI( $4;( .45( ?9BB78-J7Ef( \-.7( F9:7;8B78-g54LL;94?.( -9( -7;;9;>5B( >5?;74->8C( 48( 4-B95L.7;79G(5H5L>?>98(48E(H87457TK
3.7(B7E>4(.45(4(C;74-;75L985>6>I>-=( .7;7( 45( 4L;>B4;=( 59H;?7( 9G( L9;J-;4=4I(G9;(7:78-5(-.4-(-4X7LI4?7( -.;9HC.9H-( -.7(c'M5H?.( 45( -.7( ?4;( 69B65-.4-( <7;7( LI4?7E( >8D98E98(-.>5(5HBB7;(9H-J5>E7( 3>C7;( 3>C7;( 48E( >8-.7( _4=B4;X7-K( %-( -99X>8?;7E>6I7( 6;4:7;=( G;9B-.7( 9GG>?7;5( -.4-( E74I-<>-.( -.7( E7:>?75K_9<7:7;( -.7(B7E>4( I9:75-9(57854->984I>57(48E(>-(>59G-78( 57:7;4I( E4=5( H8->I4??H;4-7( E7-4>I5( 7B7;C7G;9B( 5H?.( >8?>E78-5K2748<.>I7M( L79LI7( E;4<
?98?IH5>985( 469H-( -.7C;9HL5( >8:9I:7E( 98( 578J54->984I>5-(?I4>B5K
3.7( F9:7;8B78-( <>II4I59(H57(5H?.(>8?>E78-5(-969I5-7;(48=(9G(-.7>;(-7;;9;I7C>5I4->98( ?4BL4>C85M5H?.( 45( 4G-7;( -.7( @A@69B6>8C5( <>-.( -.7( %#?4;E( 5?.7B7K( _9<7:7;-.7( 4;CHB78-( -.4-( -.7( %#?4;E5( B4=( .4:7( .7IL7EL;7:78-(-.7(@A@(69B6>8C567?4B7( 8HII( 48E( :9>E<.78( >-( <45( E>5?9:7;7E-.4-( -.7( -7;;9;>5-5( -.4-?4;;>7E( 9H-( -.7( 4--4?X5<7;7($;>->5.(84->984I5K
`.4-(<>-.(-.7(24E;>E-;4>8( 69B6>8C5M( -.74--4?X5( 98( -.7( `9;IE3;4E7( &78-;7( 48E( -.7D98E98( 69B6>8C5M( -.7<9;IE( .45( 5778( B4b9;4-;9?>->75K( [5( <7( -;=( -9B9:7( G9;<4;EM( I74;8>8C.9<( -9( ?9L7( <>-.( -.75787<(48E(?985-48-(4--4?X54C4>85-( 9H;( G;77E9BM5H;7I=( <7( ?48T-( C7-( -.7I4<5( ;>C.-( G>;5-( ->B74;9H8Ea
W9( <.4-( E9( <7( E9a( %-.>8X(>-(>5(:7;=(>BL9;-48--9( 5-;>X7( 4( 64I48?767-<778( 67>8C( ?4H->9H548E( 6;>8C>8C( >8( -.7( 675-I4<5(48E(B745H;75(-9(L;9J
-7?-( 9H;57I:75M( B4X>8C5H;7( -.4-( <7( E98T-( 4II9<9H;( 59?>7-=( -9( 67?9B7( 4.9II9<M( 5H5L>?>9H5( 48EB>5-;H5-GHI(78->-=K
%G(<7(4II9<(48(4-B95JL.7;7( 9G( G74;( 48E( >8->B>JE4->98( -9(67?9B7(4??7L-J46I7( -.78(<7(<>II( GH;-.7;4E:48?7( -.7( 5LI>-( -.4-( >5E7:7I9L>8C(<>-.>8(9H;(E>GJG7;78-( ?9BBH8>->75K( %-?48( 87:7;( 67( E7G785>6I7-9(4II9<(-.7(2H5I>B(?9BJBH8>-=( -9( 67( E7B98>57E-.;9HC.9H-( 48=( 9G( -.77:78-5(-.4-(-4X7(LI4?7M(9;48=( 5H657]H78-( I4<5( 9;B745H;75( 6;9HC.-( >8M( >8;75L9857(-9(-7;;9;>5BK(
3.7;7(4;7(B48=(]H75J->985(48E( >-( >5(89-(4(5>BJLI7( E764-7M( 6H-( >-( >5( 987<7( 877E( -9( .4:7( B9;79L78I=K(%-(<>II(67(>8-7;75-J>8C( -9( 577( <.4-( .4LL785>8( -.7( ?9BB985( E764-7M<.7-.7;( -.7( F9:7;8B78-LH5.75( G9;( Z,( E4=5( 9;B9;7M( 48E( .9<( BH?.9LL95>->98( >5( 5.9<8( 6=-.7(.9H57K(&48(<7(G>8E(4<4=(-9(B9:7(G9;<4;E(-.4-L;9:>E75( -.7( L;9-7?->98<7( 877EM(<.>I5-( 785H;>8C-.7(G;77E9B5(<7(?;4:7a
"#$%&'($)&*+,
-+&*.,+(
%8(-.7(I>C.-(9G(L;9L957E(?.48C75(-99H;( -7;;9;( I4<5M(/012$ 3+*,0+ <98JE7;5(.9<(G4;(<7(5.9HIE(C9(-9(?9BJ64-(-7;;9;>5B
!
45,%56$7,586$9&($:,5:5(+%$(0;60<01&6*$19&6;+($*5$5.,$*+,,5,$)&8(
The shooting of Jean Charles de Menezes sparked heated debate
=56;,&*.)&*056($ *5$ 6+8-+&*.,+($ +%0*5,(>$ /0123+*,0+$&6%$?6'&$=5.,*@$ $A58,0*+$ <5,$ -+&*.,+(>$ 15B+&)56;$ *5$ 5.,$ B++*06;(C+%6+(%&'($&*$D"$:B$06$*9+4.0)%$E&(+B+6*$5,$+B&0)F,+%<+&*.,+(G95*B&0)@[email protected]
!"#$!%&'()*)+(! ),-.(/01"2$"!(3445
%267%/"( 8( 9:;<=>( ?>8@AB;CD( E:( FGE>( <=9H( ;C( -.=I;<<A=( GJ( 8C( =K8IL( G>M=;CD( AG?H=<( ;C( FGE>J>;=C<N9(-;CF(M8-.>GGI(JG>-.=( AGCD=9-( J;O=( I;CE-=9GJ( FGE>( A;J=P( %I8D;C=( OGABEC-==>;CD(;C(8(-.;><B@G>A<?GEC->FL( ME-( M=;CD( 8J>8;<GJ(9C8H=9L(>8-.=>(-.8C(-.=<=O89-8-;GC( M=JG>=( FGEPQ.=9=( 9;-E8-;GC9( 8>==K->=I=AF(EC:A=898C-L(ME-;J(FGE(.8O=(8(:.GM;8L(-.=F<GI;C8-=( FGE>( A;J=( ;C( 8CGO=>@.=AI;CDAF( @G>>F;CD@8FP
R.=C( <G=9( 8C( ;C.=>B=C-(<;9A;H=(M=?GI=(8(:.GBM;8S(Q.=(8C9@=>(;9(9;I:A=T@.=C( FGE>( J=8>( D>=8-AF8JJ=?-9(FGE>(=O=>F<8F(A;J=-G( -.=( :G;C-( @.=>=( ;-( ;9;>>8-;GC8AP
U.GM;89( GJ-=C( 9-=IJ>GI(M8<(?.;A<.GG<(=K:=B>;=C?=9L( 8C<( D=C=>8A9FI:-GI9( ;C?AE<=( @;-.B<>8@;CD(J>GI(9G?;8A(9;-E8B-;GC9( 8C<( =O=>F<8F( ?;>B?EI9-8C?=9L( -G( 8OG;<;CD8--8?H9( G>( =:;9G<=9( GJ9=O=>=( <;9?GIJG>-PU.GM;89( .8O=( M==C( <;O;<B
=<( MF( :9F?.GAGD;9-9( ;C-G-.>==( ?8-=DG>;=9T( J=8>9( GJ9G?;8A( 9;-E8-;GC9( V9E?.( 899G?;=-F( 8CK;=-F(<;9G><=>WLJ=8>9( GJ( 9:=?;J;?( GMX=?-9G>( 8C;I8A9( V9E?.( 89G:.;<;G:.GM;8L( J=8>( GJ9C8H=9WL( 8C<( J=8>9( GJD>GE:9(GJ(:=G:A=(V9E?.(89K=CG:.GM;8L( J=8>( GJ( JG>B=;DC=>9( G>( 9->8CD=>9WP28CF( :=G:A=( 8>=( JG>-EBC8-=( =CGED.( -G( D>G@( GE-GJ( -.=;>( J=8>9L( ME-( G-.=>9J;C<( =K:A8;C;CD( 8C<( ?G:B;CD( @;-.( -.=;>( @G>>;=9( 8:=>I8C=C-(89:=?-(GJ(-.=;>A;O=9P
69(8(9EJJ=>=>(IF9=AJL(%?8C(.GC=9-AF( 98F( -.=>=( ;9CG-.;CD( JEC( G>( =K?;-;CD8MGE-(.8O;CD(8(:.GM;8P( ( %.8O=( =I=-G:.GM;8T( -.=J=8>(GJ(OGI;-;CDP(%(.8O=CN-M==C(9;?H(;C(=A=O=C(F=8>9L@.;?.(;9(:8>-AF(@.=>=(-.=:>GMA=I(A;=9P(/G@8<8F9L(%8I(8MA=(-G(?E>M(IF(J=8>9-G( 8C( =K-=C-L( @;-.( -.=HCG@A=<D=( -.8-( ;-N9(IG>=A;H=AF( -.8C( CG-( -.8-( %@GCN-( M=( 9;?HP( %NO=>=8A;9=<(-.8-(OGI;-;CD(;9(8>=8A;-F(GJ(A;J=L(8C<(;J(%(8I
9;?H( ;-( :>GM8MAF(@GCN-( M=89(9?8>F(89( %NI(I8H;CD( ;-GE-(-G(M=P(2F(>=?=C-(>=8A;B98-;GC( .89( I8<=( I=99FC;D.-9(GE-(8-(0?=8C8(8(AG-IG>=(M=8>8MA=L(89(@=AA(89IF( J>;=C<N9( J8OGE>;-=->;?H( GJ( -.>G@;CD( E:( 8AAGO=>( -.=( C;D.-( ME9P( 6-A=89-L( ;C( .;9( <>ECH=C9-8-=L( .=( ;9( ?GC9;<=>8-==CGED.( -G( @8>C( I=( J;>9--G(?.8CD=(9=8-9P
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
[E?H;AFL( %( .8O=( A=8>C-CG-( -G( A=-( IF( J=8>9;I:=<=(IF(A;J=(-GG(IE?.L8C<L(%(.G:=L(GC=(<8F(-.=F@;AA( ?=89=( -G( 9?8>=(I=( 8-8AAP( %( -.GED.-( IF( G@C9FI:-GI9( JG>( =I=-G:.GBM;8L( ( ;C?AE<;CD( 9.8H;CDL
;C9GIC;8L(@=;D.-(AG99(8C<:8C;?( 8--8?H9L( @=>=( M8<=CGED.P(
Q.=>=( 8>=( ?89=9( GJ:=G:A=( 9EJJ=>;CD( J>GI=I=-G:.GM;8L( .G@=O=>[email protected](-=>I;C8-=(-.=;>(:>=DB
C8C?;=9( M=?8E9=( GJ( -.=:>G9:=?-(GJ(IG>C;CD(9;?HBC=99L( 8C<( >=JE9=( ?8C?=>->=8-I=C-( ;C( ?89=( OGI;-B;CD(;9(8(9;<=B=JJ=?-P(
%-( ;9( @.=C( .=8>;CD( GJ?89=9( A;H=( -.=9=( -.8-( FGE
M=D;C( -G( @GC<=>( @.8-( ;99G( J>;D.-=C;CDL( 8C<@.=-.=>( @.8-( 9?8>=9( FGE;9( ?GC9=\E=C-AF( .GA<;CDFGE( M8?H( J>GI( @.8-( ;9;I:G>-8C-(;C(A;J=P
"#$%&#'()*%+*,-'.
/$*.%'+%0&)1$.0%)0%'2$%'+%-#$%3'0-%,'33'2%&#'()*0
/$*-4.$0
Q]"( =<E?8-;GC( 9F9-=I-.8-( @=( HCG@L( 8C<( GJ-=C<=:AG>=L( ;9(?.8CD;CDP(Q.=7&Y"(8C<(6([=O=A(9F9-=I9-.8-( .8EC-=<( GE>( -==C9@;-.( 899=99I=C-( GMX=?B-;O=9L( :AE9( 6^6( 8C<?GE>9=@G>H( -.8-( I8<=>=DEA8>( 8::=8>8C?=9( ;CGE>(OG?8MEA8>FL(8>=(?AG9=-G( M=;CD( GO=>.8EA=<P( 6C=@(<;:AGI8(9F9-=I(-.8-@;AA( 8??GIIG<8-=( =O=>FB-.;CD( J>GI( I8-.9( -GIG-G>(I8;C-=C8C?=(?GEA<M=( ;C->G<E?=<( 8J-=>( -.=C=K-(>=O;=@(GJ()_B)`(\E8AB;J;?8-;GC9P
]G@=O=>L( @.8-( -.=7GO=>CI=C-( .89<=9?>;M=<( 89( 8( aX=@=A( ;CGE>( =<E?8-;GC( 9F9-=Ib?GEA<( 9@;J-AF( M=( =K:G9=<89( CG-( M=J;--;CD( -.=;C?>=89;CDAF( I;9EC<=>B9-GG<( ?>G@CP( Q.;9( C=@<=O=AG:I=C-( ?GC-;CE=9( 8->=C<(;C($>;-;9.(=<E?8-;GC-G( ->F( -G( ;C?G>:G>8-==O=>F-.;CD( ;C-G( -.=;>:A8C9P( %-( ?8C( M=( 9==C
8>GEC<( ?8I:E9L( @;-.6::A;=<(7GAJ(28C8D=I=C-9-E<;=9( 9-8C<;CD( :>GE<AF8IGCD( -.=(IG>=( D>GEC<B=<( 6>-9( 8C<( Y?;=C?=( 9EMBX=?-9P( Q.=( )``)( R.;-=U8:=>(D;O;CD(:GAF-=?.C;?9-.=( G::G>-EC;-F( -GM=?GI=( EC;O=>9;-;=9( .89<;AE-=<( -.=( 8?8<=I;?9-8C<;CD( GJ( EC;O=>9;-;=9P$=;CD(8MA=(-G(DG(-G(EC;O=>B9;-F(-.=9=(<8F9((CG(AGCD=>>=\E;>=9( D=--;CD( ?=>-8;CD>8<=9L( ME-( ( I=>=AF( .8OB;CD( 8( @;AA( 8C<( 8( @8AA=-PQ.=( <=8-.( GJ( -.=( GJJ;?;8A:GAF-=?.C;?( .89( ?8E9=<-=>I;C8A( D>;=J( JG>(EC;O=>B9;-;=9L( 89( =I:AGF=>9( [email protected]=(-G(@8<=(-.>GED.(-.=I899=9( -G( D=-( -G( -.=;><=9;>=<(?8C<;<8-=P(
Q.=(IG<=>C(8?8<=I;?8>=C8( ;9( ?>E<=AF( 9.8>=<MF(OG?8-;GC8A(?GE>9=9(8C<->8<;-;GC8A( GC=9c( -.=( JG>BI=>( 8>=( I;9EC<=>9-GG<L-.=( A8--=>( 8>=( I;9>=:>=B9=C-=<P(Q.;9(;9(CG-(MF(8CFI=8C9( ;I:AF;CD( -.8-
OG?8-;GC8A(?GE>9=9(9.GEA<M=(EC<=>O8AE=<(G>(EC<=>BI;C=<c( .G@=O=>L( -.=F9.GEA<(CG-(M=(-.>E9-(;C-G8C( =CO;>GCI=C-( @.=>=-.=F(8>=(;C(<;>=?-(?GI:=B-;-;GC(@;-.(-.=(IG>=(->8<;B-;GC8A( ?GE>9=9P( Q.=7GO=>CI=C-( @8C-9( -.=>=-G(M=(8C(=C<(-G(-.=(dM;?HB=>;CDN(8MGE-(-.=(I=>;-9(GJ<;:AGI89(O=>9E9(6([=O=A9ME-L(89(@;-.(-.=(OG?8-;GCB8AB->8<;-;GC8A( <=M8-=L( -.=9GAE-;GC( <G=9( CG-( A;=( ;C.G:=JEA(?GCD=8AI=C-L(ME-;C( 8( ?GC?=C->8-=<( =JJG>--G( 9=:8>8-=L( 8C<( -.=C8::>=?;8-=( -.=;>( ;C<;O;<BE8A( I=>;-9P( Q.=( >=89GC-.8-( OG?8-;GC8A( ?GE>9=98>=(OG?8-;GC8A(;9(-.8-(-.=F.8O=( 8( <;>=?-( >GE-=( -G( 8?=>-8;C(=I:AGFI=C-L(8C<LF=9L( ;J( I8-.=I8-;?9( 8>=<;O=>-;CD( 8--=C-;GC( 8@8FJ>GI( -.8-( XGE>C=FL( -.=C-.=( 8>DEI=C-( @GEA<( M=A=D;-;I;9=<P( Q.=>=( ;9( CG;CJ>;CD=I=C-L( 8C<( 9G( CGC==<( JG>( -.;9( >=O8I:;CDP
&GCO=C;=C?=L( ;-(9==I9L( ;9GE9-;CD( AGD;?c( -.=( M8CC=>GJ( EC;O=>9;-;=9( 8C<9?.GGA9(;9(M=;CD(IGA=9-=<8C<(I8CDA=<( -G( ?AEI9;AFJ;-(;C9;<=(8(X;D98@P
Q.=( &GC9=>O8-;O=U8>-F(.8O=(>=8?-=<(9->GCDBAF( -G( -.=( :>G:G9=<?.8CD=L( 9-8-;CD( -.8-TaR.;A=(.=(e"<($8AA9f(<>8@9E:( J8C-89F( \E8A;J;?8-;GC9JG>( 34))L( .8AJ( GJ( FGECD:=G:A=( -G<8F( 8>=( J8;A;CD-G(D=-(J;O=(DGG<(:899=9(8-7&Y"bP( 28CF( 8>=( A=8O;CD-.=(9F9-=I(@;-.(A=99(-.8C98-;9J8?-G>F( A;-=>8?F9H;AA9P( %-( 9==I9( ;C?>=89B;CDAF( ;I:G>-8C-( -.8-8--=C-;GC( ;9( >=<;>=?-=<-G@8><9( -.=( ;99E=9( 8-.8C<P( ]8O;CD( OG?8-;GC8A?GE>9=9( I;K=<( E:( ( @;-.-.=( ->8<;-;GC8A( GC=9( ;9DG;CD(-G(.8>I(MG-.(9;<=9PQ.=F(C==<( -G( M=( >=9:=?-B=<( JG>( -.=;>( G@C( 8-->;MBE-=9( 8C<( GMX=?-;O=9L( 8C<CG-( MEC<A=<( -GD=-.=>( -GD;O=( -.=( EC?GCO;C?;CD;I:>=99;GC(-.8-(=O=>FGC=;9(M=;CD(AGGH=<(8J-=>P(gE9-M=?8E9=( -.=( 7GO=>CI=C-;9( J>E9->8-=<( M=?8E9=( ;-?8CCG-( 8?.;=O=( -.=( ;CJ8BIGE9( J;J-F(:=>?=C-( -8>D=-GJ(FGECD(:=G:A=(DG;CD(-GEC;O=>9;-F(<G=9(CG-(I=8C-.8-( -.=F( 8>=( ;CO;-=<( -GX=G:8><;9=( =K;9-;CD( 9E?B?=99=9( V->8<;-;GC8AW( 8C<GM9?E>=( -.=( ?.8C?=9( GJ-.=(IG<=>C(VOG?8-;GC8AWP
Q.=(J8?=(GJ(EC;O=>9;-F8C<( 9?.GGA9( ;9( ?.8CD;CD
>8:;<AFL( ME-( -.=( I8DC;B-E<=( GJ( -.=( ?.8CD=9( 8>=GCAF( I8-?.=<( MF( -.=;>C=DA=?-( GJ( -.=( 9;-E8-;GCPQ.=>=( 8>=( 9G( I8CF( :G9;B-;O=9( 8MGE-( -.=( =K;9-;CD7&Y"L(6([=O=AL(8C<(EC;O=>B9;-F( 9F9-=I9L( 8C<( -.=9=C==<( -G( M=( :>=9=>O=<L>8-.=>( -.8C( -.>G@C( ;C-G-.=( I=A-;CD( :G-( @;-.:>GMA=I9( -.8-( 9.GEA<( M=
->=8-=<( ;C<=:=C<=C-AFP"O=>F( ?GE>9=( J>GI( -.==9-8MA;9.=<( -G( -.=( [email protected]( ;-9( G@C( ?>=<=C-;8A9LME-( -.8-( ;C<;O;<E8A;-F9.GEA<( CG-( M=( >;9H=<P%C9-=8<(;-(9.GEA<(M=(.;D.BA;D.-=<L( =K:>=99=<( 8C<@G>H=<( E:GCL( CG-=?A;:9=<(MF(8C(EC9E;-8MA=EIM>=AA8P
5$%1'26-%2$$1%2'$14,*-)'2
69( 8( 9EJJ=>=>( GJ( =I=-G:.GM;8L7*.*#% 8*92*.1 =K:A8;C9( <;JJ=>=C-:.GM;89( 8C<( .G@( -.=F( -8H=( GO=>:=G:A=N9(A;O=9
:0%'4.%$14,*-)'2%090-$3%+*);)2<%,#);1.$2=
R;-.( -.=( ?.8CD;CD( 9F9-=I( GJ( =<E?8-;GCL( 7*3% /'0-$.AGGH9(8-(-.=(<;JJ=>=C?=9(M=-@==C(->8<;-;GC8A(8C<(OG?8B-;GC8A(?GE>9=9
9
!"#$!%&'()*)+(! ),-.(/01"2$"!(3445!"
67"2( 89::;( <==9<>( -?( @9A?BCA( D=( <CE( E?FC( BCG<H?D>I( F.9C( BCB-B<::J-.9J( ;99K9E( -?( =>?HBE9;D8.( A>9<-( .?=9( G?>( ;?K<CJL(7.9>9(;99K;(-?(@9;D8.(<(><89(-?(8?K=9-9(-?@9( -.9( GB>;-( -?( A9C9><-9;-9K(89::;(-.<-( :BH9(D=(-??D>(9M=98-<-B?C;I(-.<-(;8BN9C-B;-;(<>9(9H9C(G<:;BGJBCA9HBE9C89(-?(A9-(-.9>9L(#?;-9K(89::;(>9<::J(.?:E(-.9O9J( -?( <( =?-9C-B<:( ;D=9>8D>9P
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
7.9( 8?C->?H9>;J(?H9>-.9( D;9( ?G( ;-9K( 89::;8?K9;(G>?K(?==?C9C-;(?G9K@>J?CB8( ;-9K( 89::>9;9<>8.L( 7.9( <>ADK9C-;<A<BC;-(-.9(D;9(?G(9K@>JN?CB8( ;-9K( 89::;( 8?K9G>?K( -.9( =>?89;;( ?G>9K?HBCA( -.9( BCC9>( 89::;?G(<C(9K@>J?((-?(E9H9:?=-.9(9K@>J?CB8(;-9K(89::;L!9K?HBCA( -.9;9( 89::;>9K?H9;(-.9(=?-9C-B<:(G?>-.9( 9K@>J?( -?( @98?K9( <.DK<C( @9BCAL( "K@>J?CB8;-9K( 89::;I( .?F9H9>I( <>9
-.9( 9<;B9;-( -?( 8?::98-IK<BC-<BC( <CE( =D>BGJ( BC:<@?><-?>JL
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
ED9( -?( :?;;( ?G( ;=98BGB8C9D>?C;( W@><BC( 89::;XBCH?:H9E( BC( K?-?>( 8?CN->?:L( Z<>OBC;?CY;( =<-B9C-;9M=9>B9C89( ->9K?>;( <CE;=<;K;( -.<-( 8?D:E( @9>9:B9H9E(@J(-.9(A>?F-.(?GC9F(89::;(BC(-.9(:<@?><-?N>J(G>?K(;-9K(89::;L
6-9K( 89::;( >9K<BC( <E9H9:?=BCA( <>9<( FB-.K<CJ(B;;D9;(-?(?H9>8?K9IBC8:DEBCA( 9C;D>BCA( -.<-<::(=D@:B;.9E(BCG?>K<-B?CB;( 8?>>98-L( #>( [F<CAI6?D-.( '?>9<C( ;8B9C-B;-I=D@:B;.9E( <( =<=9>( -.<-BC8:DE9E( ( .?=9;( >9A<>ENBCA(;-9K(89::(-.9><=B9;(G?>E9A9C9><-BH9( EB;9<;9IF.B8.(F<;(:<-9>(EB;8>9EB-N9EL( $J( G<:;BGJBCA( 9HBNE9C89I( ( [F<CA( @DB:-( D=.?=9;( ?G( @?-.( <8<E9KB8;<CE( =<-B9C-;L( \<OBCA>9;9<>8.(<:;?( -<O9;(H<:D9?D-( ?G( -.9( >?:9( -.<-( ;8BN9C89( =:<J;( BC( ;?8B9-J( ?GEB;8?H9>BCA(-.9(->D-.L
%C( ;=B-9( ?G( -.B;I( ;-9K89::;( .<H9( <( ( :?-( -?( ?GG9><CE(F9(.<H9(<(:?-(-?(:9<>CL7.9( E9H9:?=K9C-( ?G( -.9H<88BC9( F<;( >B;OJ( -?@9ABC( FB-.( @D-( C?F( .<;;<H9E( K<CJ( :BH9;L( 6-9K89::;( .<H9( ;D8.( H<;-=?-9C-B<:L( %C( K<CJ>9;=98-;( F9( FB::( .<H9( -?F<B-( DC-B:( 9M=9>BK9C-;8<C( =>?H9( BG( ( -.9J( .<H9-.9( <@B:B-J( -?( :BH9( D=( -?-.9(.?=9;(?G(K<CJL
"#$%&'$(()*&)+,$-&'+-$.
/$0#+-$)
102203& 4+-5$# 62#-78+'$)& #3$6))+$)&75&)#$%&'$(($-0,6$)
Weird Science "7'6$#9&",7#(6:3#;;;&
<02'$&=(+>&?0#627
$9-.(&.<>:9J
S\7"!( <( -9K=?><>J( ;9-N@<8OI(;<:;<(B;(@<8O](
\?>( ;BM-99C( J9<>;#<C89( &:D@( ^<-BC?( .<;@99C( @>BCABCA( ^<-BC>.J-.K;I( @9<-;( <CEK?H9;(-?(-.9(_CBH9>;B-J?G( $B>KBCA.<KL( \?>K9EBC( )QQ)( @J( ;-DE9C-;`<C9( <CE( 2<D>B8B?I( -.9@9<D-J( <CE( G>99E?K9M=9>B9C89E(BC(;<:;<(.<;@99C( <( ;D889;;( 9H9>;BC89L( 7.9( ED?( -.9CF9C-( ?C( -?( G?>K( -.9B>?FC( 8?K=<CJ( a^<-BC2?-B?CYI(F.B8.(=>?HBE9;;<:;<( CBA.-;( BC$B>KBCA.<K( -.>?DA.?D--.9( F99O( W;99( FFFL:<-NBCK?-B?CL8?LDOXL( 7.B;;?8B9-J( B;( E9GBCB-9:J( <;?D>89(?G(=>BE9(G?>(@?-.-.9K( <CE( D;( <CE( B-Y;<K<bBCA( -?( ;99( F.<-<8-D<::J(8<C(8?K9(?D-(?G<(;-DE9C-(H9C-D>9](
\?::?FBCA( BC( -.9B>><-.9>( -<:9C-9E( G??-N;-9=;I( F9( .<H9( .9:E( ?C-?( -.9B>( =>BC8B=:9;( ?G( <GDCI(;->9;;NG>99(9CHB>?CNK9C-(<CE(?==?>-DCB-J(-?->J(;?K9-.BCA(C9F(FB-.N?D-( -.9( =>9;;D>9( ?GA><E9;I( <( ;.?F( ?>( 9H9C.<HBCA( <( =<>-C9>]( c9@9:B9H9( BC( <889;;B@B:B-J;?(-.9(8:<;;(B;(E9GBCB-9:J<BK9E( <-( @9ABCC9>;( NG>?K( -.?;9( F.?( .<H9C9H9>( ;9-( G??-( ?C( <E<C89( G:??>( -?( -.?;9F.?(dD;-(F<C-(-?(-<>-(D=-.9B>(K?H9;L(
c9I(.?F9H9>I(E?(C?-dD;-( F<C-( -?( @9( <( =:<89F.9>9(=9?=:9(A?(?C89(<F99O( G?>( <( 8:<;;( <CEC9H9>( ;99( 9<8.( ?-.9><A<BCL(c9(<>9(<BKBCA( -?8>9<-9( <( ;?8B9-J( F.9>9=9?=:9( ;.<>9( 8?KK?CBC-9>9;-;( <CE( @DB:EG>B9CE;.B=;L( /?-( dD;--.>?DA.(:9;;?C;(@D-(><CNE?K( ;?8B<:;( -??( N( @9( B-:?H9( ?G( -.9( E<C89I( -.9=<;;B?C( @9.BCE( -.9KD;B8( ?>( 9H9C( -F?( :9G-G99-]( c.<-9H9>( -.9( 8<;9K<J(@9I(F9Y>9(<BKBCA(-?8<-9>( -?( <::( C99E;( <CE=>?HBE9(<(;<G9(=:<89(G?>=9?=:9(-?(:9<>C(<CE(<:;?@D>C( -.?;9( 8<:?>B9;( N;<:;<(B;(A??E(9M9>8B;9(<;F9::(<;(@9BCA(A>9<-(GDCL
6?( F.J( ;<:;<P( SCE
F.<-( 8<C( #<C89( &:D@^<-BC?(>9<::J(?GG9>P
e??E( VD9;-B?CL( %9C8?D><A9( J?D( -?( GBCE?D-( G?>(J?D>;9:G(<-(+=K?C( c9EC9;E<J;I( BC( -.9_CE9>A>?DCEL( c.9C( %8<K9( -?( DCBH9>;B-JI( %.<E(C9H9>(->B9E(;<:;<L(%CKJ( GB>;-( J9<>I( ?D-( ?G=D>9( 8D>B?;B-JI( %( H9CN-D>9E( BC-?( ?C9( ?G( -.98:<;;9;( <CE( .<H9CY-:??O9E(@<8OL(/?-(?C:J(B;B-( G<B>:J( ;-><BA.-G?>F<>E-?(=B8O(D=(-.9(@<;B8;(@D-B-(B;(;?(KD8.(GDC(9H9C(BGJ?D( 8<CY-]( /?( ?C9( B;-.9>9(-?(dDEA9(J?DL(c9Y::@9( -??( @D;J( ->JBCA( -?<H?BE( G<::BCA( ?H9>( ?D>?FC(G99-(-?(:??O(<-(J?DL$9;BE9;I(-.9(KD;B8(B;(;?8<-8.JI(J?DYE(.<H9(-?(@9<;:99=( -?( C?-( K?H9( -?-.?;9(@9<-;]
f?D( E?CY-( .<H9( =<JgR(-?(@9(<(K9K@9>I(@D-B-(.<;(B-;(=9>O;L(/?-(?C:JB;( -.9( :9;;?C( G99>9ED89E(G>?K(g*LR4(=9>:9;;?C( -?( g3LR4( WK9<CNBCA( J?DY::( ;??C( >98?D=-.<-( ?>BABC<:( ?D-A?BCA]XIG>99( 9C->J( BC-?( ;<:;<8:D@;(<>?DCE(-?FC(<CE(<G>99( ;98?CE( :9;;?CI-.9>9(<>9(<:;?(;?8B<:;](%->9<::J(B;(F?>-.(B-](
f?D( E?CY-( ( C99E( -?;=9<O(6=<CB;.(?>(.<H9(<8:D9( <@?D-( -.9( 8D:-D>9G>?K( F.B8.( ;<:;<( ?>BABNC<-9E( W9;=98B<::J( ;BC89-.9>9( <>9( ;?(K<CJ( H<>BN<C-;]X( 7.9( BC;->D8-?>( B;H9>J( A??E( <-( @>9<OBCA9<8.( ;-9=( E?FC( <CE9M=:<BCBCA( B-( @B-( @J( @B-L7.9>9( B;( =:9C-J( ?G( -BK9-?( =B8O( D=( 9<8.( K?H9<CE(9H9C(BG(J?D(E?CY-I(B-E?9;CY-(K<--9>( <;( J?Dh::GBCE(=:9C-J(?G(=9?=:9(BC-.9( ;<K9( @?<-]( 7.B;8:<;;( B;( ;=98BGB8<::J( G?>@9ABCC9>;(<CE(B;(<(A??EF<J(-?(K99-(:?-;(?G(=9?N=:9( @98<D;9( J?DY>9;F<==9E(>?DCE(=<>-C9>;9H9>J( G9F(KBCD-9;I( dD;--?(O99=(-.BCA;(:BH9:J(<CE-?(8.98O(J?D>(=>?A>9;;](
SCJ( VD9>B9;( 9K<B:D;( <-988RRQi@.<KL<8LDO( ?>HB9F( -.9( \<89@??OA>?D=( a#<C89( &:D@^<-BC?]Y
c"^&02"( -?( -.9( c9B>E68B9C89( ;98-B?C]( %C( -.B;F99OY;( ;8B9C89( C9F;T@DA;( <;( ;=<89( G??E( <CE><-B?C<:B;BCA(K?CO9J;L
$DA;( <>9( -.9( :<-9;-BCB-B<-BH9( G>?K( -.9j<=<C9;9( 6=<89( SA9C8JL7.9J( <>9( @9BCA( 8?C;BEN9>9E( <;( -.9J( .<H9(K<CJG9<-D>9;(-.<-(K<O9(-.9K;DB-<@:9(G?>(<(KB;;B?C(-?2<>;L( 7.9J( >9=>?ED89><=BE:JI(-.9>9G?>9(=?-9CN-B<::J( =>?ED8BCA( G??E8?C-<BCBCA( <KBC?( <8BE;<CE(G<-;(-.<-(<>9Ch-(9<;BN:J( <H<B:<@:9( G>?K( H9AN9-<@:9( <CE( A><BCN@<;9EEB9-;L( !9;9<>8.9>;( .<H98>9<-9E( 8??OB9;( G>?K;B:OF?>K;I(@D-(8.?8?:<-98??OB9;(>9K<BC(-.9(K?>9<==9<:BCA( ?=-B?CI( %YK;D>9]
2?CO9J;( .<H9( @99CG?DCE( -?( =?;;9;;( -.9;<K9( <@B:B-J( <;( .DK<C;-?( ><-B?C<:B;9( -.9B>( ?FCB>><-B?C<:( @9.<HB?D>L"M=9>BK9C-;(-9;-9E(K?CNO9J;( @J( ABHBCA( -.9K( <8.?B89( ?G( 8?:?D>9E;F99-;T( >9EI( A>99C( <CE@:D9L( 7.9( K?CO9J( F<;-.9C( ABH9C( <( 8.?B89( ?G-F?I( ;D8.( <;( @:D9( <CEA>99CL( _=?C( 8.??;BCAA>99CI(@:D9(B;(E?FCA><EN9E( <CE( F.9C( >9=9<-9EFB-.( >9E( <CE( @:D9I( -.9@:D9(;F99-(B;(KD8.(K?>9:BO9:J( -?( @9( >9d98-9EL0>BABC<::JI( B-( F<;-.?DA.-( -.<-( ?C:J( <ED:-.DK<C;( .<E( ;D8.( 8?KN=:9M(@9.<HB?D>(@D-(B-(.<;;BC89(@99C(E9K?C;-><-9EBC( 8.B:E>9CL( !9;9<>8.9>;C?F(VD9;-B?C(F.9-.9>( B-B;( <C( BCC<-9( K98.<CB;K-?(=>9H9C-(F<;-BCA(9C9>NAJ( ?>( -?( BK=>?H9( ;?8B<:;-<-D;( @J( dD;-BGJBCA( ?D>>9<;?CBCAL
7.B;(F99O(F9( -<O9(<:??O( <-( -.9( B;;D9;( >9:<-NBCA( -?( ;-9K( 89::( -.9><N=B9;L
@5& 97+A-$& 62#$-$)#$8& 62B-6#62:& 57-& #3$& C$6-8"'6$2'$& ,0:$& #3$2& 5$$(5-$$&$%06(&%$&0#&-$8D>-6'EB6$-8)'6$2'$F37#D%06(;'7;+E;&
G((&0-$0)&75&)'6$2'$0-$& B$('7%$*& 5-7%,39)6')& #7& >67(7:9& 02827& ,-67-& $H,$-6$2'$& 6)2$'$))0-9& )7& :$#& B-6#D62:& 72& #3$& #7,6')& #30#%0##$-&97+I
102203& 4+-5$#72& >+:)& 028%72E$9)
7<O9( <( =B989( ?G( =<=9><CE( G?:E( B-( BC( .<:GL&<>9GD::J( 8D-( -.9( G?:E9E=<=9>( BC-?( .<:G( ><BC@?F?>(<>8.(;.<=9;(<;(<@?H9LZ:<89( ?C9( <@?H9( -.9?-.9>(<CE(-.9(@?--?K(?C9FB::( <==9<>( :<>A9>( 9H9C-.?DA.(-.9J(<>9(@?-.(-.9;<K9(;Bb9]
68B9C89(-?(->J(<-(.?K9LLL
C30#&,7#$2#60(&87&)#$%&'$(()&37(8.
!"#$!%&'()*)+(! ),-.(/01"2$"!(3445
"#$%&'(%)*
"#$%&
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
8.?<:(O=JH-(D<(-.D<[%<(D-(=IKP?AKE<[(%<(D-(-.:P=IAE<(B=I=>:B:I-(O?FP??;DI>(=(>D>(DI(=(N:IJ:-??(PD>[(CJF:HK(=(<DBDH=F>D>( DI( \?IA?I( 9?JHA<:HH(?J-@(?F(=-(H:=<-(P:(=H?-(B?F:( L?LJH=FM(#?:<-.D<( B:=I( D-E<
$DFBDI>.=BE<( O=JH-( O?F.=NDI>( -:FFDPH:( BJ<DGO=I<[( %<( D-( -.:( P=IAE<O=JH-( O?F( F:H:=<DI>( =WG?IG:L-( =HPJB( O:=-JFTDI>( -.:( 7FD:AP:F>:F<E>F=IAB?-.:F@( 0H>=C=F=I-?<@( I=FF=-DI>( <-?TFD:<( =P?J-( .:F( HDO:Y[SQ.=I;<@ 8D;DL:AD=MV( %<D-( -.:( N:IJ:E<( O=JH-( O?FLF?B?-DI>(-.:(>D>(L??FTHK( =IA( DI<D<-DI>( ?I( =I?N:FT)+E<T?IHK(L?HDGK[
6HH( ?O( -.:<:( G?JHAP:(=(O=G-?F@(=IA(DI(-FJ-.D-E<(LF?P=PHK(=(G?BPDI=T-D?I(?O(=HH(?O(-.:BM(Q.:PD>>:<-( <.=B:( D<( -.=--.:F:( A?:<IE-( <::B( -?P:( BJG.( -.=-( G=I( P:A?I:( -?( G.=I>:( -.:A::LTF??-:A( =--D-JA:<?O( B=IK( ?O$DFBDI>.=BE<(GD-DZ:I<M
%O(K?J@(-.:(<-JA:I-<@9.?(%(;I?9(O?F(=(O=G-(A?>?( -?( >D><( =IA( A?( <JLTL?F-(P=IA<(K?J(HD;:@(=F:DI-?(D-@(-.:I(H:-E<(>?(<::<?B:-.DI>( -.D<( 9::;]+,*'-.)*/0*11*$'=F:(=--.:( $=FOHK( ?I( C=-JFA=K@H:-E<( .?L:( -.:DF( F:-F?I?D<:TL?L(A?:<IE-(G=J<:=I?-.:F( 9=<.?J-^( =IA-.:( PDHDI>J=H( _=L=I:<:P=IA( 2$/3%' 4*5$#' =F:-.:F:(I:X-(7FDA=KM
6.7*$'8'9*&5:
;*<3;%&57#$%&=,/17.%>?&/7
),-.(/?N:BP:F(T(3*FA(/?N:BP:F
!"
@,.1A$'/0
+,*'4,%0$'0.@(%IN:F-:A(8?FHA
`61%/a( /=-=HD:b?F-B=I(LF:=G.(-?(c=G.$F=OO( -.=-( -.D<( F:G?FA9DHH(WG.=I>:(K?JF(HDO:@(%<9:=FY( DI()*%#"+, -.*."9=<(I?-(-.:(9?F<-(LD:G:?O( LF?B?-D?I( O?F( dCDIAD:( ?J-OD-( Q.:( C.DI<EA:PJ-@(PJ-(-.D<(\b(.=<(=BJG.( >F:=-:F( A:L-.( -?D-( -.=I( -.:( BJ--:FDI><?O( ?I:( DBB?F-=H( HDI:OF?B(=(GJH-(GH=<<DG(ODHBM/01,2+3"%."#,45%6#,A?:<I?-(GH=DB(-?(P:(=(<:BDTI=H(=HPJB(P:G=J<:(?O(=IDII?N=-DI>( <?JIA@( =LF?-:<-(?O(-.:(LF?H:-=FDT=-@( ?F( -.F?J>.( <:HHDI>D-<:HO(=-(=(LFDG:(A:GDA:AJL?I(PK( -.:(G?I<JB:F@PJ-(P:G=J<:( D-E<(I?-( =HH?O( -.:( =P?N:M( Q.:( <JITAF:IG.:A@($FD=I(8DH<?IT:<eJ:( B:H?AD:<( ?Of'I?9(g?JF(0ID?IhE(=IAfaDFH( %IO?FB(2:E( :IG=LT
<JH=-:<( -.:( -::I=>:iJDGK( 9?:<( ?O6B:FDG=I=( P:--:F( -.=IQ.:( 0&@( =IA( I?-( OF?BG?IG:I-F=-:M( Q.:<:( =F:DI-:F9?N:I( 9D-.( -.:DI-F?N:F-:A( HKFDG<( =IA.=FF?9DI>( 9=DH<( ?O( -.:<DIG:F:HK( G.DHHDI>f&=FDI>( %<( &F::LE( =IAb?F-B=IE<( L:F<?I=HfO=N:E( f/:9( CH=I>EM( Q.:.?I:<-K( ?O( P:DI>( W<.J-?J-@( LDBLH:A( =IA=I>FKY( D<( -.:( <?JIA( ?OI?-( ?IHK( -.:<:( O?JFK?JI>( B:I]( -::I=>:F<JID-:h( Q.:( C.DI<( 9DHHG.=I>:(K?JF(HDO:@(:N:I(DOD-E<( iJ<-(L:F<?I(PK(L:FT<?IM
4%7/0'"&".,/0
B &.0A1'3*>%*)*':/#</0A1'/C0???
D%0&*01'.0<',%$')%>>.%0$'.1'1,*'9.;'2&.<*7:'E,/1/F'G;%&.'D*;0/0
+,*' E%H*/0' I*1*&1%)*$)4-.(/?N:BP:F@/>J;#0'K.>>
Q`"(bD>:?I(#:-:G-DN:<(=F:=P?J-(=<(>:I:FDG( DIAD:(=<>:I:FDG( DIAD:( >:-<M( Q.:K9:F:( LF?P=PHK( G?I<-FJG-T:A( PK( =I( :HD-:( -:=B( ?O789 i?JFI=HD<-<@( =F:<L?I<?F:A( PK( Q?LB=I@=IA( .=N:( =HH( -.:DF( <?I><9FD--:I( PK( a=FK( $=FH?9M`?9:N:F@( -.:K( A?( .=N:<?B:( G=-G.K( -JI:<@( =IAK?J( 9?JHA( :XL:G-( =( F:=T<?I=PHK( :I-:F-=DIDI>( HDN:<.?9M
$J-@( I?@( D-( F:=HHK( 9=<=9OJHM( 2=--( $?9B=ILF=IG:<(=F?JIA(HD;:(!DG;K8DH<?IE<( K?JI>:F@( B?F:OH=-JH:I-( PF?-.:F@( 9.DH:-.:( P=G;DI>( P=IA( <-=IA-.:F:(:D-.:F(-FKDI>(-?(H??;OD-( ?F( -FKDI>( -?( H??;( H:<<J>HKM( b:F.=L<( -.:( P=IAP:DI>(<?(J--:FHK(;I?PPD<.9?JHAIE-(B=--:F(<?(BJG.DO( -.:( BJ<DG( 9=<( 9?F-.T9.DH:@( PJ-( D-<( :<<:I-D=HHK-.:(<=B:(=HFD>.-TDOTK?JEF:TLD<<:ATDITCI?P<( =FPD-F=FKDIAD:( =I-.:B( LH=K:A-9:HN:( -DB:<M( 6IA( -.:ID-E<( jM*4LB( SFDADGJH?J<HK:=FHKV@( D-E<( =HH( ?N:F@( =IA9:(>?(.?B:(9D-.(=(O::HDI>-.=-( -.:F:E<( <?B:-.DI>.?FFDPHK( 9F?I>( 9D-.( -.:9?FHAM( C-F=I>:HK( :I?J>.@9:( <::B:A( -?( P:( DI( -.:BDI?FD-K@(=<(-.:(=JAD:IG:@B=DIHK(?N:F(-.:(=>:(?O(*U@<::B:A(-?(P:(H?NDI>(:N:FK<:G?IAM( 8.:-.:F( -.D<( D<P:G=J<:( -.:K( =F:( =HH( <JOTO:FDI>( OF?B( BDATHDO:GFD<:<( PJ-( G=IE-( =OO?FA( =<L?F-<( G=F( ?F( =--F=G-( =K?JI>:F(9?B=I@(9:(A?IE-;I?9M( $J-( P=<DG=HHK( D-<O?JF( -.JBP<( A?9I( OF?BJ<M
G>>%*'"/$$'8'E.#>'L/C>*;
L//'L%H,1*;$,-.(/?N:BP:F9%;7%0H,.7'MGN
Q`"(7??(7D>.-:F<(=FFDN:(=-$DFBDI>.=BE<( /"&( K:-=>=DI( -?( L:A=H( -.:DF( ?9IPF=IA(?O(<-=ADJB(F?G;(?OO-.:(P=G;(?O(-.:DF(I:9(S-:FTFDPHK( I=B:AV( =HPJB9'05":1,-&6"+'"1,;*.&"+'",<)%*'"M( Q.:( <HD>.-HKPDZ=FF:(<JLL?F-(?O(CK<-:B?O(=(#?9IE<(C:Fi(Q=I;D=I?L:I<(-.:(:N:IDI>(9D-.(=H=J>.@( .D<( -F=A:B=F;6FB:ID=I( 9=FPHDI>=LL:=FDI>(=(HD--H:(-??(H:O-TOD:HA( O?F( -.:( BJB<( =IAA=A<( =GG?BL=IKDI>( -.:DFG.DHAF:I( -?( -.:DF( ODF<--=<-:(?O(HDN:(F?G;M
#=N:( a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aF?.HE<LF?9:<<( =<( =( OF?I-( B=I@=IA(D-E<(.D<(G.=FD<B=(=IADI-:F=G-D?I( 9D-.( -.:GF?9A( -.=-( G=FFK( -.:( >D>M`?9:N:F( K?J( G=IE-( .:HLPJ-( -.DI;(K?JEN:(.:=FA( D-=HH( P:O?F:( =IA( 9DHH( =>=DII:X-(-DB:(-.:(7??(7D>.-:F<.D-(-.:(/"&M
O.1*'K//P*;
Q/#0H'O0%)*$)k-.(/?N:BP:F9.;J>:
8`"/( -.:( g?JI>( 'IDN:<9:F:( I?BDI=-:A( O?F( -.:2:FGJFK(2J<DG(bFDZ:(:=FHDT:F( -.D<( K:=F@( -.:( P=IAG?JHA(.=N:(P::I(O?F>DN:IO?F( :XL:G-DI>( -?( PF:=;DI-?( -.:( B=DI<-F:=BM6H-.?J>.( -.D<( D<( JIO?F-JTI=-:HK(I?-(-.:(G=<:@(:<L:TGD=HHK( iJA>DI>( PK( <DI>:F`:IFK( #=F-I:HH<( G?BTB:I-<(P:O?F:(H=-:<-(<DI>H:="%%*@&%A* -.=-( WQ.D<( D<?JF( <DI>H:( -.=-( ADAIE-B=;:( -.:( Q?L( k4( l( -.:K?PND?J<HK( ADAIE-( ;I?99.=-( .D-( -.:BY@( -.D<( >D><.?9<(-.=-(D-(D<(-.:(9DA:FLJPHDG( 9.?( =F:( F:=HHKBD<<DI>( ?J-M( 6BDA( -.:O=BDHD=FHK( =I>JH=F( L?<-TLJI;(GF?9A(O=N?JFD-:<(?O?HA( S4""("+#:, *+#B6"*(#*C:, DE5., -FAA"%G1E"%", H5A":, .0", !FA5F%8&66V@( -.:F:( D<( =( >:I:F?J<L:LL:FDI>( ?O( I:9( IJBTP:F<(OF?B(-.:DF(JLG?BDI>-.DFA( =HPJBM( Q.:( P=IAE<<-=>:(LF:<:IG:( l( =(BJH-DT-JA:(?O( -9::A(=IA( i?;:K@G=F:OF::(P=I-:F(l(<:-(-.:B=L=F-( OF?B( -.:( GJFF:I-GF?9A( ?O( DIAD:( L?<:JF<=HB?<-( =<( BJG.( =<( -.:DFi?KOJHHK( ?OOT;DH-:F( <?I><@:IG=L<JH=-:A(DI(-.:(eJDIT-:<<:I-D=HHK( "I>HD<.<GF:9P=HH( L?L( ?O( =0"I"'&:&5+M( 6H-.?J>.( -.:P=IA(.=DH(OF?B(6<.PKTA:TH=Tc?JG.@(=(.=N:I(?O(G?<K"I>HD<.( G?I<:FN=-D<B@( DO-.:K( G?I-DIJ:( 9D-.( <JG.PFDHHD=I-HK( DAD?<KIGF=-DGL:FO?FB=IG:<( =<( -.:<:@-.:I( .?L:OJHHK( -.:( 9DA:FLJPHDG( 9DHH( F:=HD<:( -.=--.:K( =F:( BDAAH:( GH=<<( DI<?GD=H(<-=-J<(=H?I:M
41%H
D%0&*01' D%0&*01' 8' +,*D%>>.%0$5-.(/?N:BP:F9.;'2&.<*7:!"2"2$"!%/a( .?9( -.:H=<-( -DB:( %( <=9( -.:(P=IA@D-(9=<(B?F:(HD;:(=(AFJI;T:I(A=IG:(O:<-(JIA:F(=(-:I--.=I( =( I?FB=H( >D>@( %( 9=<eJD-:( :XGD-:A( =-( -.:-.?J>.-( ?O( :XL:FD:IGDI>-.:DF( :I:F>:-DG( ?HAT<-KH:F?G;(fIE(F?HH(=>=DIM(Q9?(?O-.:( -.F::( <JLL?F-DI>P=IA<( 9:F:( >??A^( ?I:P:DI>( #:X-:F@( 9.?( BJ<-P:( G?BB:IA:A( O?F( -.:DFHDN:HDI:<<(?I(<-=>:M(6-(H=<-1DIG:I-(<-F?HH:A(?I@(9:=FTDI>( .D<( J<J=H( eJDF;K=--DF:M( Q.:( P?K<( LH=K:AB=IK( G=-G.KT=<T.:HHO=N?JFD-:<(<JG.(=<(/+,8C/J+@(B6F",B5C =IA(K50++C=J5, B*+#:M( Q.:K( :N:I-FD:A( ?J-( <?B:( I:9:F<?I><(?I(J<@(<JG.(=<(B"*:.=IA( H&+"A*1 9.DG.( P?-.<.?9G=<:A( =( A=F;:F( =IAA=I>:F?J<( <?JIAM`?9:N:F@( -.:(P:<-(.=A(-?P:( 9+#, 5@, .0", 7&>0.M( Q.:P=<<( HDI:( G?BPDI:A( 9D-.1DIG:I-E<(N?DG:(B=A:(?JF<LDI:<( <.DN:FM( 6H-.?J>.-.:( >D>( DI( >:I:F=H( 9=<>??A(BJ<DG=HHK@(-.:(9.?H:-.DI>(<::B:A(-?(P:(BD<<TDI>( -.:( OJI( O=G-?FM( Q.:P?K<( 9:F:( H:<<( OF:IZD:A=IA( 1DIG:I-( 9=<( H:<<G.=FD<B=-DG( -.=I( I?FB=H@LF?P=PHK(AJ:(-?(-.:(<B=HH-JFI?J-M( /:N:F-.:H:<<@-.:(A:N?-:A(O=I<(A=IGDI>=-( -.:( OF?I-( A:ODID-:HK:Ii?KDI>( -.:B<:HN:<@( <?BJG.(<?(-.=-(?I:(<HDLL:A?N:F(<L:G-=GJH=FHKM(%(.?L:-.=-( -.D<( P=IA( 9DHH( >=DI<?B:(I:9(O=I<(=O-:F(-.:DF=HPJB( D< F:H:=<:A( I:X-K:=F@(<?(=IK(OJ-JF:(>D><(DI$FJB(9DHH(P:(L=G;:A(?J-h
G;%&.'D*;0/0
!"#$!%&'()*)+(! ),-.(/01"2$"!(3445 !""#$%&'()*+,-
./-01
23+&4##-0+,-6.7(689:;(6<(=9>7")5+( !&?6+(+)-+&33@A(0:-<B78
CD " E 6 % 0/ E-.F-( F89G7HI<J( A<( K<LM8<@<L@:7(-.7
@FN7O(%G(-.F-(F(87FP(Q<PAQL9-F8O(R.<(<@(7F8-.(F87!FK( F@A( 28( ?O( %G( -.7#8LNN78SG( "L8<M7F@T>897@APK(N<LG-F:.7(87FPO!"#$ !%&'($ )*$ +&,# A9A@S-87U7FP( F@K( <>( -.7F@GJ78GV(BL-(J.F-( 9-(A9A7WM<G7( JFG( F( M<MT-FG-9::<NM9PF-9<@( <>( G<@QG-.F-( J<LPA( .FU7( 6<@K$PF:;BL8@( XL9-7( >8F@;PKMF@-9@Q( J9-.( A7P9Q.-YFM<P<Q97G( ><8( -.79NFQ7GZ[(6.9G(A7BL-(>8<N-.7( =<@A<@TBFG7A( -89<FP87FAK( B<FG-G( -J<( D'-<MT-7@(G9@QP7G(9@:[email protected]( NFGG9U7( .9-(-*%%&#./0*1)$ 234\( XL9-7( F( -89TLNM.( :<@G9A789@Q( PK89T:FPPKV(F(:.9PA( 9@( ]P9-78F:K.<L8S( :<LPA( .FU7F:.97U7A( G<N7-.9@QN<87(G-9NLPF-9@Q[(6.9G(9GJ.K(6.7(I<<G978GS(J<8;G.<LPA( B7( :<@G9A787A( FQ87F-( M<M( FPBLNV( F@A@<-.9@Q( N<87[( ^<L( :F@:<L@-(<@(-.9G(.FMMK(BL-@<@TN7F@9@Q>LP(A7BL-(-<ML-( K<L( 9@( .9Q.( GM989-G[2K( FAU9:7\( Q<-( F( :.9PTA87@SG( B98-.AFK( MF8-K:<N9@Q(LMO((_L8:.FG7[
2#7&4+8-#$
#
9):+&;)3)$&I<L8QPFGG")5+( 2L-76+(+)-+ 33@A(0:-<B78
? / ^ 0 / "-.9@;9@Q( -.9GQLK(.FG(P<G-(9-9G( :<NMP7-7PK
N9G-F;7@[(68L7V(#7M7:.72<A7( .FU7( :87F-7AF8QLFBPK( G<N7( <>( -.7B7G-( FPBLNG( <>( -.7( PFG--J7@-K( K7F8GV( G<( J.KB<-.78( NF;9@Q( F( G<P<FPBLN( -.F-SG( @7U78Q<@@F(:L-( 9-O(R7PPV(#FU7`F.F@( 9G( M8<<>( -.F-( K<L:F@( G-9PP( NF;7( F( >87G.FPBLN(-.F-(:F@(Q<(M<L@A><8( M<L@A(J9-.( -.7( B7G-7>><8-G(<>(.9G(:<@-7NM<T8F897G[(/<@7(<>(-.7(G<@QG<@( .787( <L-A<( :PFGG9:GP9;7( 5#%6*738$ 9#616 T( BL--.F-SG( FG;9@Q( JFK( -<<NL:.( F@KJFK( T( 9@G-7FAG<@QG( GL:.( FG( :##;#%37.$:##;#% F@A(<6#$=*1J.9:.( A9GMPFK( `F.F@SGL@N9G-F;FBP7( FM-9-LA7><8( :87F-9@Q( -9N7P7GGNLG9:( >9-( ><8( F@K( :PLBJ<8PAJ9A7[( #7M7:.72<A7( >F@G( F87( aLG-( FG@LN78<LG(<U78G7FG(FG(9@"L8<M7( F@A( -.798( >F@TBFG7( G.<LPA( Q<( >8<NG-87@Q-.(-<(G-87@Q-.(J9-.NLG9:( FG( Q<<A( FG( -.9G[R.F-( K<L( Q7-( J9-.>*1%?8366 9G(F@<-.78(>FGT:9@F-9@Q( :.FM-78( 9@( -.9GNF@SG( NLG9:FP( FAU7@T-L87[(
9)$&;)(()%3+,
$
<)1#5&;#(=+$!7U7@Q7(E<@QG")5+(&EFJ-<<-.(6+(+)-+&b-.(/<U7NB78
c % / # % / `2#@#7?#$A*7?69G( P9;7( :<N9@QF:8<GG( K<L8
.<LG7NF-7SG( A9F8K( F@A>P9:;9@Q( -.8<LQ.V( L@-9PK<L( :F@S-( F:-LFPPK( A8FQK<L8G7P>( FJFK( >8<N( 9-[6.7(7@-897G(9@(-.9G(NLG9T:FP(N7N<98( F87( MFGG9<@TF-7(G@9MM7-G(<>( P<U7(F@AB87F;TLM( T( MF8-9:LPF8PK87N9@9G:7@-( <>( G9@Q78GGL:.(FG("PP9<--(EN9-.[(?@77897( 7:.<( 9G( :87F-7A( BK-.7(>F:-(-.F-(N<G-(<>(-.7-8F:;G( <@( -.9G( FPBLNJ787( 87:<8A7A( 9@( :F8MF8;G( F@A( :<@:87-7( F8-QFPP7897G( d( F@A( <@( B#%*C7)#?%&)4D -.7( G:87FN( <>F@( FNBLPF@:7( :F@( B7.7F8A( J9-.( 9-G( [email protected];9@Q( 9@( -.7( A9GT-F@:7[(E<N7V(BL-(@<-(FPPV<>( -.7( PK89:G( F87( U78K<89Q9@FPV( F@A( -.<G7( -.F-A<( G77N( F( B9-( 87M7-9-9U7F87( NFA7( LM( ><8( BK( -.7G9@:787PK( 7N<-9U7( NF@T@78(9@(J.9:.(-.7(P9@7G(F87J.9GM787A(<L-[(?(M78>7:-FPBLN( ><8( -.<G7( <>( K<LJ.<( F87( P<<;9@Q( ><8( F:P7U78( Y9>(GP9Q.-PK(N7PF@T:.<PKZ( G<L@A-8F:;( -<-.7G7( AF8;( FL-LN@FP7U7@9@QG[
4+)>3+,&?#7'>#$
%
@77)&A#((#1BRF-:.(6.7(c987J<8;G")5+( b?#6+(+)-+ 0L-(/<J
%/( F( NF8;7-GF-L8F-7A(PF-7TPK( BK( >7NFP7G9@Q78TG<@QT
J89-78G( YFMMF8F@-PK( Q98PBF@AG( F87( -<<( Q9NTN9:;KZV( "NNF( _<PP<:;V><8N78PK( <>( E:<--9G.9@A97T8<:;78G( 6.7#7PQFA<GV( A7P9U78G( <@7<>( -.7( Q7@87G( G-8<@Q78<>>789@QG( 9@( -.7( ><8N( <>.78( ( J.9N9G9:FPPK( -9-P7AA7BL-(G<P<(FPBLN[(R.9P7@<-( 9@(-.7(GFN7(:87F-9U7P7FQL7( FG( M778G( GL:.( FGIF@@7( IL;;7PBL8Q( <8e<F@@F( /7JG<NV( "NNF_<PP<:;( :78-F9@PK( Q9U7G>7PP<J(E:<-G('6(6L@G-FPPF@A ?NK( 2F:A<@FPA( F8L@(><8(-.798(N<@7K[(=<J9@(<89Q9@FP9-K(BL-(.9Q.(<@M87--K( N7P<A97GV( .FL@-T9@Q( BF:;9@Q( U<:FPG( F@A-9@;P9@Q( M9F@<G( -.9GFPBLN(J9PP( ;77M( >F@G( <>.78( ><8N78( BF@A( N<87-.F@(GF-9G>97A[(#7>9@9-7PK<@7( ><8( :<PA( J9@[email protected](F@A(87>P7:-9<@G(<@P<U78G( P<G-\( K<LSPP( B7.LNN9@Q(FP<@Q(J9-.9@(F>7J( P9G-7@GV FG( J9PP -.767G:<( NLNG( FG( -.7KBL@Q( 9-( 9@( -.7( -8<PP7K[0U78FPP( -.9G( FPBLN( 9G@9:7(7@<LQ.V(9-(PF:;G(-.7<@7( -.9@Q( 9-( GFKG(<@( -.7-9@\(>987J<8;G[(
C),#$&D,0%3>
$
C$%+(-&)$=&C0,8):+-%T"NM987")5+( `7>>7@6+(+)-+ f-.(/<U7NB78
%c(%(.FA(F(-9N7NF:.9@7V( %J<LPA(Q<(BF:;9@( -9N7( F@A
G-<M( -.7( :<@:79U7N7@-<>(6<N(#7=<@Q7( ><8( -.7GF;7( <>( NF@;9@A[( I9G@7J( M8<a7:-( ?@Q7PG( F@A?98JFU7GV( G7P>TM8<T:PF9N7A( g-.7( B7G-( BF@A<>( -.7( PFG-( )+( N<@-.GhVF87( -.7(NF@9>7G-F-9<@( <>.9G( F88<QF@:7[( CEFG;&%#9G( F( FPBLN( G<( J8FMM7ALM( 9@( -.7( P7FA( G9@Q78GS<J@(G7P>T9NFQ7(-.F-(>8<N-.7( J<8A( Q<V( 7U78K-.9@Q9G( F( MF-.7-9:( N7GG[( 6.7FPBLN( :<U78( P<<;G( P9;7-.7( B9PPB<F8A( FAU78-9G7TN7@-(><8(A)3%$-3%6[ 6.7NFa<89-K <>( -.7( G<@QGF87(9@G-F@-PK(><8Q7--FBP7[?>-78(<@7(P9G-7@(-.8<LQ.VF(A9G-9@:-(PF:;(<>(N7P<AK<8( QL9-F8( 89>>( N7F@-( 9-JFG(A9>>9:LP-(-<(M87GG(-.7MPFK( BL--<@( F@A( P9G-7@FQF9@[( 6.7( <@PK( @<-9:7TFBP7( :.F8F:-789G-9:( JFG-.7( >8<@-( NF@SG( J.9@7K@7L8<-9:( U<9:7[( 6.7( QL9T-F89@Q( 9G( F( G.FN7>LP87MP9:F-9<@(<>(D3SG(G-KP7[%(A<(.FU7(GKNM-.F-.K(><8-.7( BF:;9@Q( BF@A-.<LQ.V( FPP( -FP7@-7ANLG9:9F@G( 9@( -.798( <[email protected]( BL-( MLG.7A( BF:;BK(#7=<@Q7SG(7Q<[
?3,0-&2)*(#,
&
9<&;++$+/-!9@G7(4)(E-LA9<(29W")5+(&!9@G76+(+)-+&0L-(/<J
!%/E"( c2( 9G-.7( P<@Q( 8L@T@9@Q( "FG-=<@A<@( BFG7A
M98F-7( 8FA9<( G-F-9<@87@<J@7A( ><8( 9-G( 8<P7( 9@><8N9@Q( F@A( M9<@7789@QQ89N7(F-(-.7(B7Q9@@9@Q(<>-.7( A7:FA7[( 6.7( G-F-9<@9G( :L887@-PK( B9AA9@Q( -<Q<( P7QFP( F@A( 87P7FG9@Q( FG7897G( <>(N9W( FPBLNG( -<8F9G7(9-G(M8<>9P7[(6.7(>98G->F@-FG-9:( 9@G-FPN7@-( [email protected]( G7897G( 9G( N9W7A( BK-.7( G-F-9<@SG( B<GGV( #e`77@7LG[(`77@7LG(Q7@78TFPPK( >FU<L8G(AF8;78(ALBTG-7M( F@A( Q89N7( B7F-G( T-.7( -KM7( J.787( BFGGBLii7G(F8<L@A(-L>>(A8LNMF--78@G( F@A( 89MG(<L-(<>-.7( GM7F;78G( T( F@A( -.9GN9W( 87FPPK( G.<J:FG7G-.F-[( 6.7( ><L8( U<:FPG( <>E;7M-FSG( E-FQ7G.<J!9AA9N(F87(ML87(7@78QK[6<JF8AG( -.7( 7@A( <>( -.7N9WV( -.7( N<87( :F87>877>L@;K( .<LG7( G<[email protected](9@:87FG9@QPK(A<N9T@F-9@Q( !9@G7SG( F98JFU7G-F;7G( <U78(J9-.(NFGG9U7-L@7G( P9;7( ?MMP7SG( H%I#37 F@A( /`SG( !#88$ H#[#7>9@9-7PK( G<N7-.9@QJ<8-.( P<<;9@Q(<L-( ><8( [email protected](@7F8(>L-L87[
<#+&E+$$+>
'
F1#/>&G05(+>>&H&D0((&I(=3)7J0--
6I"($89-(G<@QJ89-78(AL7-G(<@(.78(PF-7G-(G9@QP7J9-.( FP-T><P;( 9:<@( R9PP( 0PA.FN[ 6.7( G<@Q-F;7G( F( AF8;PK( 8<NF@-9:( PK89:( F@A( PFKG( 9-F:8<GG(F(BF87(F@A(G<P7N@(QL9-F8(B7><87(87F:.T9@Q(G-89@QTPFA7@(:P9NFW7G(<>(L@M<P9G.7A(7N<T-9<@FP( 9@-7@G9-K[ 6.7( P<T>9( M8<AL:-9<@( F@AG9WTN9@L-7(AL8F-9<@(N7F@(-.9G(J9PP(@7U78(B7(FB87F;<L-( .9-[ 6.9GV( .<J7U78V( GFKG( N<87FB<L-( -.7( NLG9:( 9@ALG-8K( -.F@( 9-( A<7G( -.9G7W:7PP7@-(G<@Q[
6013),=&C,70>)%+
I$+&G0%3>&I$(*K#/&C$= .+
%c( -.7( :L887@-( -87@A( <>( PFA( 8<:;( Y_9Q7<@#7-7:-9U7GV(6.7(c8F-7PP9G(7-:Z(9G(FPP(-<(NL:.(><8K<L(F@A(NFKB7(6.7('<<;G(J787(aLG-(-.F-(B9--<<(7AQK(><8(K<L8(P9;9@QV(-.7@(0@7(/9Q.-(0@PKF87( M8<BFBPK( J.F-( K<LSU7( B77@( JF9-9@Q( ><8[R9-.( Q7@-PKTG-8LNN7A( QL9-F8GV( PK89:G( -.F-A<@S-( 87FPPK( GFK( [email protected]@Q( F@A( 7U7@( G<N7.F@A:PFMG( -.8<J@( 9@( ><8( Q<<A(N7FGL87V( 9-SGFPP( U78K( @9:7[( $L-( FPG<( U78K( BPF@A[( %( 7WM7:--.7KSPP(A<(M87--K(J7PP[
.0B+&4/>130$-#$
F/'+,& L/,,*& C$07)(-!L@T?JFK
?( #R%/#=%/`( >[email protected]( GLQQ7G-( -.F-( Ec?F87( 87F:.9@Q( -.7( >FQT7@A<>( F( QP<J9@Q( :F8778V( BL--.9G(M<M(NFG-78M97:7(B7QTQF8G( B7P97>( FG( -<( J.K[_<L@A9@Q(BFGGV($7F:.($<KN7P<A97G(F@A(F(M8F:-9:FPTPK( 9NM<GG9BP7( .<<;[email protected](-<(M8<AL:7(F(A7P9Q.-T>LPPK( N7PP<J( 7@:<L@-78VA7GM9-7( -.7( P<U7P<8@( :<@T-7@-[( 68L7V( F@( FPN<G-L@><8Q9UFBP7( ;7K( :.F@Q7A<7G( M8<U7( GP9Q.-PK7NBF88FGG9@QV( BL-( ><8( FB7P-78(<>(F(-8F:;V(J7SPP(P7--.7N(<>>j
A)/(&L#8(+,
"0>>(+&6+=RF9-9@Q
6I%E(A7BL-(G9@QP7(9G(A89MTM9@Q(J9-.(-.7(9@>PL7@:7(<>-.7( $7F:.( $<KG\( >8<N
kFPN<G-T<L-T<>T-L@7TBL-TG-9PPTJ<8;k(.F8N<@97G(-<(F-JF@Q9@Q( QL9-F8( G<P<[6.7K(A7G:89B7(-.798(Q7@87FG( l%@A97lV(BL-( -.798( G-KP79G( A7>9@9-7PK( F( 87>87G.9@Q:.F@Q7( >8<N( -.7( NF9@TG-87FN[( 6.7( G<@Q( 9G:F-:.K( F@A( PK89:FPPK( G9NTMP7V( BL-( -.7( 87:<8A9@QG<L@AG(FNF-7L8[(
F0$M)=&9)8-#$
4)=#/B+$N=7FM(<>(cF9-.
6I"( G7P>TM8<:PF9N7A]Q89@A97S( P9N7KG( 87-L8@J9-.( F( [email protected]( LM( M87PTLA7( -<( -.798( ><8-.:<N9@QFPBLN[( #K@FN9:FPPK-<Q7-.78V( K7-( <U78M8<TAL:7AV( =7FM(<>( cF9-.( >7FT-L87G(F(.7FU978(LG7(<>(QL9T-F8G( -.F@( M87U9<LG7>><8-GV( F@A( P7GG( <>IFA<L;7@jSG( -8FA7NF8;]8FMM9@QS( BL-( G-9PP( -L8@G<L-(F(:F-:.K(87:<8A(QLF8T
F@-77A( -<( .FU7( -.7I<W-<@( @7<@( :8<JA( 89MTM9@Q( 9-( LM( <@( -.7( AF@:7>P<<8GV(BPLA[
J)>+&4##'+,
9)7$&F3)7+-c7F8(0>(?GGFLP-
6I%E(9G(A7>9@9-7PK(@<-(-.727-FPP9:FT7GXL7( -8F:;( 9-G@FN7( N9GP7FA9@QPK( GLQTQ7G-G[( %@( -.7( N9AG-( <>.F@A:PFMGV( 8FM-L87T7GXL7A8LN( B7F-G( F@A( A98-KNFP7( U<:FPG( 9G( F( G9NMP7K7-(J9@@9@Q( 89>>[[[( %SA( GFK9-SG( FB<L-( -9N7( G<N7<@7J8<-7( G<N7-.9@Q( -.F-JFG@S-( ]:.9@A97S( <8( ]7P7:T-8<T-8F@:7S[ 6.F@;(Q<<AT@7GG( -.7@( ><8( "[email protected]( -89<( #FN@( E.FN7GJ9-.( -.798( N7PF@Q7( <>G-8FJB78897GV( :F8-<<@><W7G( F@A( :<@-FQ7<LGBFGG(P9@7G[
F>):,0$0&J#/70
L#,>*OP0:+-
9#7+->01&A0%+#$
I,%)$0-+=&6+(0%0#$
!"#$ %&$ '()$ *+&,+--+&./0))122$ 34561$ %)$ 5&$ -,1-+%2$57$84%91$254:$;1&<12=+),%&>-5&.$ 6,5$ %))90>>2%&>$:40>)$%&-5$-,1?!$ %&$ -,1$ 8577%&)$ 57@%1-&+9$-455A)$B$C50$D0)-8502:&E-$ >1-$ +$ F+::14F+:$ >0CG$ H&$ %-)$ ?!4121+)1$ +25&1.$ !"#$%&'(,+)$ +241+:C$ ),5-$ %&-5I*;JE)$#5A$K((.$+&:$85&B-%&01)$ -5$ 82%9F$ B$ -,%)$ %)&5-$-5$F1$9%))1:G
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
!"#$%&#'()*'%#$'%+#,*#%-,./0*123
456. /";J/I3Y$KZK'$7 K[-,$LH@"*J"/$\(('
8)9%:0)95$;
<,*%:=#*%&#=5$;3
O914%8+&$]+&>)-14
>,13'#2%?@=0%8)"%A%:,$31=%B),61"#*'
O$ 7+:%&>$ )%21&-$95N%1$ )-+4$ ,%41)$ +$ 7+%2%&>$ )8411&B64%-14$ -5$ 841+-1$ +$ 9+)-14A%181$ F+)1:$ 5&$ H)8+4=%2:1E)$;"-*>'2 -5$9+R1$,14$ 859F+8RG$ !+:2C.$ 25N1>1-)$%&$-,1$6+CGGG
>0,*3'#2%??$'%8)"%A%>01%>5.13%)(%-#*"12%C56D
#,1$H)8+4$6%&&%&>$)-54C$57$-,1$K^'_$+))+))%&+-%5&57$ S+4N1C$ *%2R.$ 41A41)1&-+-%N1$ 57$ !+&$ M4+&8%)85E)-,4%N%&>$ >+C$ 85990&%-C$ B$ +$ 9+>&%7%81&-$ A%181$ 577%29$9+R%&>G
:8411&%&>)$+-$'GZ(A9$%&$]ZZ.$":08+-%5&$J0%2:%&>
M%29!58
E5'%2),%D$)9FFFG
;0)-%&$S5779+&$+295)-A2+C1:$M4+&<$W%1FR%&:$%&45'2?(*<,0'()$F0-$,1)21A-$6%-,$O&&1$J+&8457-%&)-1+:G
!"
`554
ON14+>1
]55:
@14C$]55:$
"U81221&-
B*5HD%+#$1;%418-54a$!+4+,$]+N45&3+)-a$#+&&%),-,+3,+--14D11.$!+-%),Y+0),%R.$3,4%)-5A,14!%9A)5&314-%7%8+-1a$Kb
J/I3Y$ W+&1$ 255R)$ )1-$ -5F1$85&-45N14)%+2$%7$%-)$A45B:08-%5&$%)$+&C-,%&>$-5$>5FCG$ #,1$ +:+A-+-%5&$ 57*5&%8+$ O2%E)$ &5N12$ 6+))0FD18-$ -5$ )591$ ,5)-%2%-C7459$ 6%-,%&$ -,1$ 85990B&%-C$ 6,141$ %-E)$ )1-.$ -,1%))01$F1%&>$-,1$A1481%N1:F12%--2%&>$ +&:$ )-1415-CAB%&>$57$ %-)$8,+4+8-14)G$#,1),55-$6+)$:%)40A-1:.$+&:4181&-$ 91:%+$ 409504),+N1$ 8%4802+-1:$ -,+-$ -,145C+2$ )8411&%&>$ 6+)$ 8+&B81221:$754$71+4$57$A45-1)-)G#,1$:1>411$57$-40-,$%&$+22-,%)$ 85N14+>1$ %)$ 814-+%&2C:1F+-+F21G
#,1$ )-54C2%&1$ 752256)L+<&11&$ T3,+--14D11V.$ +J+&>2+:1),%$ 659+&$ )1&--5$ "&>2+&:$ 754$ +&+44+&>1:$ 9+44%+>1$ 6%-,3,+&0$ TY+0),%RV.$ +&$ 1:0B8+-1:$ 52:14$ 9+&G$ *+&CC1+4)$ 57$ 9+44%+>1$ 2+-14.),1$%)$-4+AA1:$%&$-,1$85&B841-1$ D0&>21.$ )1+48,%&>754$ -,1$ )1&)1$ 57$ ,591
-,+-$),1$,+)$25)-G!,1$ 0&6%--%&>2C$ 7+22)
754$+$C50&>14.$F1--14$)0%-B1:$9+&.$Y+4%9$T!%9A)5&V.+&:$ -,1C$ F1>%&$ +&$ %22%8%-+77+%4G$ J0-$ +22$ -55$ )55&),1$7+81)$-,1$:%2199+$57,56$ -5$ A45811:$ %&$ -,1-0902-050)$ +7-149+-,$ 57^cKKG$!-+C$%&$+&$0&814-+%&J4%-+%&.$ 54$ 41-04&$ -5J+&>2+:1),$+)$6+)$+26+C)A2+&&1:X
#,1$)8411&A2+C$)+:2C7+N504)$-,1$25N1$)-54C2%&15N14$ 9+&C$ A5))%F21$ 802B-04+2$54$A52%-%8+2$:1F+-1)G#1&:14$ -,50>,$ -,%)$ %).$ %-
9+R1)$ )81&1)$ -,+-$ -508,0A5&$ -,1$ %&-5214+&81-56+4:).$ 54$ -,1$ F+8R2+),+-$ B$ +&:$ FC$ B$ -,1$*0)2%985990&%-C$ )119$ 50-$ 57A2+81G$O&$5AA54-0&%-C$,+)F11&$ 9%))1:$ -5$ 9+R1$ +)-+-191&-.$ A14,+A)$ :01-5$85&814&$+F50-$1U8%-%&>704-,14$+&>14G
#,1$7%29E)$41:119%&>71+-041$ %)$ %-)$ A,5-5>4+BA,CG$ J1>%&&%&>$ 6%-,$ +)611A%&>$),5-$57$+$A+::C7%12:.$ +8859A+&%1:$ FC)A122F%&:%&>$ 90)%8.$ -,1258+-%5&)$ 85&-%&01$ -5$ F11U81221&-$ 7459$ -,141$ 5&
%&G$O$85&-4+)-$-5$-,1$:022.>41C$ 904904$ 57$ W5&:5&)-411-).$-,%)$F1+0-C$%)$814B-+%&2C$1&8,+&-%&>G
IJ&E!K>
)(/0123"#'2 %)$)-4%R%&>$F0-2+8R)$ 91+-%&1))d$ %-E)$ +)0A1495:12$57$+$7%29$-,+-6%22$ 0&:50F-1:2C$ 8504-91:%+$ +--1&-%5&G$ ;5&E-1UA18-$ +$ -,%&R%&>$ 9+&E)8409A1-.$F0-$C50$9+C$>1-+$>55:$5&1$&%>,-$)-+&:G
-161$%K*,=H01*
>01%L#$1%M,3=1$%B))D%K6,N;%418-54a$/5F%&$!6%854:3+)-a$ "9%2C$ J20&-.$ Y+-,CJ+R14.$Y1N%&$e1>14)314-%7%8+-1a$K\O
I*O]IL" -,%)$ +)$ +$ 7%29A%-8,.$ +&:$ -,1&$ F1$ N14C>2+:$ C50$ :%:&E-$ -,%&R$ 57%-G$ #,1$ :1+-,$ 57$ +$ :5>.$ +)0::1&$ :%N5481.$ +&:$ +&0&,+AA%2C$ 9%)9+-8,1:9+44%+>1$ +41$ 6,+-$ F4%&>-5>1-,14$ +$ >450A$ 576591&$ T+&:$ 5&1$ >0CV$ %&-,1%4$0&%-1:$)58%+2$%&1A-%B-0:1$ +&:$ 25N1$ 754$ P+&1O0)-1&G$#,1C$7549$+$F55R820F$ %&$ ,14$ ,5&504G$ "+8,A%8R)$ 5&1$ 57$ O0)-1&E)F55R)$ -5$ -+2R$ +F50-$ :04B%&>$911-%&>).$+&:$ T,141E)-,1$ 821N14$ F%-V$ -,1%4$ 2%N1)804%50)2C$ A+4+2212$ -,1A25-)$ 57$ &5N12)$ )08,$ +)="#%./'-<2?"(1.$?(/<'2"#<?('@,</0' +&:$)5$5&G
f1)$ -,%)$ %)$ O0)-1&.6+-141:$ :56&.$ A0-$ %&$ +F21&:14$ +&:$ >%N1&$ +&O914%8+&$ +881&-.$ 5&2C$ -5F1$ )A55&B71:$ -5$ C50$ FCF+22)C.$ %44%-+-%&>$ 8,+4+8B-14)G$ =1$ >1-$ )5$ F5>>1::56&$ FC$ -,1%4$ 719%&%)-4+&-%&>$ -,+-$ 61$ 57-1&&11:$ 419%&:%&>$ TN14C1UA2%8%-2C$ +-$ -%91)V$ 6,+--,1$A5%&-$57$-,%)$)-54C$%)G
#,1$ 7%29$ %)$ 9+:1$ 0A57$ )0A14B25&>$ 95&-+>1).
25-)$ 57$ 6%&1.$ +&:$ >4+-0B%-50)$A45:08-$A2+8191&-$B-65$ ,504)$ 57$ %&85,141&-.,+A,+<+4:$ :4%N12.$ 6%-,6+C$ -55$9+&C$ 21)F%+&B%&B-,1BF+-,$ )81&1)G$ H&81-,1CEN1$ 2+F54%50)2C$ 85NB141:$ 1N14C$ F55R$ O0)-1&1N14$ 645-1.$ %-$ +22$ 1&:),+AA%2C$1N14$+7-14G$#,+-E)2%-14+22C$+22$-,141$%)$-5$%-G
#,1$ 716$ 41:119%&>71+-041)$%&820:1$-,1$F1+0B-%702$ Y1N%&$ e1>14).$ %&8%B:1&-+22C$ -,1$ 5&2C$ 41+)5&-,%)$ 7%29$ >1-)$ -65$ )-+4)GS1$A2+C)$ -,1$R%&:$57$>0CC504$95-,14$ 6+4&1:$ C50+F50-.$ -,50>,$ IE9$ &5-)041$ 6,C$ ,1$ %)$ +--4+8-1:
-5$ -,1$ +8,%&>2C$ :022`40:%1$ ;40995&:TJ20&-VG$ #,141$ +41$ +2)5)591$ )&54-B654-,C$ 2%&1)2%R1$ gS1$ 255R)$ +-$91$ 2%R1,1E)$ -,1$ )A55&.$ +&:$ IE9-,1$ :%),$ 57$ %81B841+9h.+&:$ g=,+-$ 6502:$ P+&1:5Xh$ )A12-$ 50-$ FC$ -4+77%82%>,-)G$]%N1$0)$+$F41+RG
O22$%&$+22.$-,%)$%)$D0)-$+,5A121))$ 8,%8RB72%8R$ -,+-,+)$ -55$ 9+&C$ 7112%&>)R&58R%&>$+450&:$754$%-$-5F1$ +)$ 2%>,-B,1+4-1:$ +)$ %--,%&R)$ %-$ %)G$ f50$ 8502:A45F+F2C$6+-8,$%-$%7$-,1416+)$&5-,%&>$12)1$5&.$54$%7C50$ D0)-$ 6+&-$ -5$ 6+-8,-65$ ,5-$ >%42)$ 6%-,$ +
)-1-,5)85A1$>1--%&>$%-$5&GJ1--14$ )-%22.$ D0)-$ :5&E-F5-,14.$ 1)A18%+22C$ %7$ C50,+N1$1N14$41+:$54$1&D5C1:P+&1$ O0)-1&G$ I-E)$ 2%R16+-8,%&>$ +$ 908,B25N1:A1-$ >1--%&>$ ,%-$ FC$ +$ 8+4G/1A1+-1:2CG
IJ&E!K>
O)$8,+4+8-14$P5812C&$)+C).g/1+:%&>$P+&1$O0)-1&$%)$+74%8R%&E$ 9%&17%12:Gh$ #,+-9+C$ F1$ -401.$ F0-$ C1-+&5-,14$ 85&-19A54+4C+:+A-+-%5&X$ #,+-E)$ +74%8R%&E$&5$>5G
&)351%O566.)=
45'2A"(@''-/#$23/>/&'<
M5U$!1+48,2%>,-$`%8-041)$+41$>%NB%&>$ C50$ -,1$ 8,+&81$ -5$ )11$ =1)O&:14)5&E)$ 2+-1)-$ &1U-$ #01):+C\($ L5N19F14$ +-$ -,1$ J45+:$ !-3%&16542:.$ [GZ(A9G$ M54$ -%8R1-)>5$ -5$666G)117%297%4)-G859$ +&:1&-14$-,1$85:1$_ZbZi(G
JPH6,35"1%(*11%=5HD1=3Q
!"#$%"&'(%)(*&+&,-&./*"&(0&,$*
123&4(5*"&(0&657/8&9:;<=>
?/@,&'3#7!"#$ %&'()*)+,-%.)',/)*%011) '/20() *) '2) %'/0,30,) 4,5'2010'6) %'(768&767.) 94() (&7) 671'(0-,:8&0;) 97(%77,) 5012) ',/<0/7-) 3'278)&'8) 6'671=.05) 7<76.) 977,) ') &7'1(&=-,7>) ?&7(&76) 0() 97) (&70,7<0('917) 91-@+948(76(07:0,) A!"#$%&' (")*%$+,-./0-1$' 23/&B.) -6C,3710,') D-107) ('+0,3) '967'+)56-2)9'9=)@-117@(:0,3) (-) /787@6'(7) @7114:1-0/) '8) 4%#%' 5#"6$+ (&767841(8) '67) ,7<76) 3--/>?0(&) (&'() 0,) 20,/.) (%-84@&) 50128) '67) 0,) (&72'+0,3>
D766=) E64@+&70276.(&7) 2',) %&-917887/F@4687/) (&7%-61/)%0(&)7/#%$-.'"6'$8-5%#/**-%1.) 08) 87() (-2'+7) ') 5012) -4() -5) (&70@-,0@) 7#/19-' "6' 7-#./%3'27>) $0+7) G7%711.) -,7-5) (&7) 2=60'/) -5) /067@:(-68)0,<-1<7/)0,)(&7)<0-:1'(0-,) -5) (&7) :%##;7"$$-# ,-<718) A&7)/067@(:7/) <"*&-$' "6' =/#-B) %011('+7)(&7)&712)-5)%&'()089'80@'11=) >&%00/1 8',8(&7)H7,07>
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
M;7'+0,3)-5)903)8('68('+0,3)-,);41;)6-178.)(&77<76:36-%0,3) 108() -5,'278) '(('@&7/) (-) (&71'(78()D$%#'@#-E 5012)&'8977,)'//7/)(->))?711.),-(67'11=.) 97@'487) -(&76(&',) (&7) 1-%) ;6-5017) >D9%11-#' A%#E&;.) 0(N8977,) ');67((=) 1-,3) (02780,@7)-1N)?0,-,')"=/76N8,'27)&'8)977,)'88-@0'(:7/) %0(&) ',=(&0,3) -(&76(&',) 8&-;:105(0,3>) G-%(&-43&.) "=/76) 08) 3-0,3(-)97)M;-@+N8)242>
!068(.)(&7)'%7:0,8;06:0,3)E011)$466'=) 08)87() (-&'<7) ') @'27-) 0,) (&74;@-20,3)2-<07)<7680-,
-5) (&7) OPQ8) 8;=) 8&-%.<-$' D)%#$>) I&7) 5012'167'/=) 8('68) M(7<7R'66711.) C,,7) S'(&'%'=',/) I&7) "-@+>) H--/8(455>
I&7) -,1=) /7@7,(R'(%-2',.)'+')$0@&7117T57075576.) ',/) (&7%-61/N8) 2-8() 5'2-48(-=9-=.)C8&(-,)U4(@&76.'67) 87() (-) 8('6) 0,7-#."1%&' 266-9$..) ') 50129'87/) -,) (&7) ,-<71!%1./"1' "1' $8-' :/&& 9="0@+) $--/=) A367'(,'27B>)T1-()8422'6=V)C34=)&'8)(-)/7'1)%0(&)(&7/7'(&) -5) &08) 808(76) %&-%'8)+0117/) 0,)')@'6)'@@0:/7,() J48() 975-67) &76%7//0,3)',/)0,)')+--+=@-0,@0/7,@7) &7) 7,/8) 4;%-6+0,3) 5-6) ') %7//0,3;1',,0,3) 9480,788>C,-(&76) @0,72'(0@) 2'8:(76;07@7)-9<0-481=>
I-) 7,/) -,) ') 201/1=2-67) @67/0917) ,-(7."-2',) T-1',8+0) 203&(J48() 97) 2=) 5'<-460(7;-@+7(:80W7/) T-17) (-) 979',,7/)56-2)(&7)XM)',/8-) *N2) &';;=) (-) 960,3=-4) 8-27) 5678&:56-2:(&7:-<7,)T-1',8+0),7%8>X,(01)67@7,(1=.)(&7)/067@:(-6) -5) @8-' 7/%1/.$ &'8977,) %-6+0,3) -,) ') 903:94/37() ;6-/4@(0-,) -5"-976() S'6608N) ;-;41'6,-<71. 7")B-//>
I&08)08),-)1-,376)(&7@'87)/47)(-)(&7)02;7,/:0,3) '@(-68N) 8(60+7) ',/(&7) ,05(=) T-1',8+0) &'8/-,7) ') 8%';8=) ',/) 083-0,3) (-) /067@() @8-<8".$.) ',-(&76) S'6608,-<71.)0,8(7'/>)*()%011)97') ;-10(0@'1) @-,8;06'@=(&601176) '9-4() ') %60(76&067/)(-)%60(7)(&7)272:-068) -5) ') 5-6276) E60(08&T$>)*N2)8467)0();1'=8)97(:(76)-,)8@677,>
C18-.) ') 34=) ,-) -,7&'8) 7<76) &7'6/) -5.Y'20',)R&';'.) 08) 3-0,3(-) %60(7) ',/) /067@() '90-;0@) -5) (&7) /067@(-6.0,8;060,31=) @'117/7"&%1.E/>) I&7) 5012) %0110,@14/7) (&7) /067@(-6Z8@&01/&--/)0,)T-1',/)/46:0,3) (&7) S-1-@'48([) (&7246/76) -5) &08) %057) 9=R&'6178) $',8-,) 5-11-%:768) ',/) &08) @-,<0@(0-,5-6)87K)%0(&)')20,-6)A(&767'8-,)5-6)&08)7K017)56-2C2760@'B>) #&) 3--/.) %7@',) '11) 7K;7@() ') 6-2:@-2)-5)8-6(8>
A377&B/,
4%#%'5#"6$FG'H%*;D1%$98-#C'()&$7D(("&$7D$#--$=/I8$-#J
*G) \]P^.) /067@(-6) "-976(?087)(7'27/)4;)%0(&)D4107C,/67%8.) R&608(-;&76T142276) ',/) 87<7,) ;&-:(-37,0@)@&01/67,)(-)8;7,/717<7,)%77+8)0,)M'1W9463.8&--(0,3) (&7) 5012) (&7=&-;7/) %-41/) 8'<7) (&78(643310,3) ;6-/4@(0-,@-2;',=) _Q(&) R7,(46=!-K>) ) I&7) 67841(V) @8-D"K10'"6'!K./9.)%0,,76)-550<7) #8@'68.) 0,@14/0,3E78() T0@(467.) ',/) @-2:2-,1=)673'6/7/)'8)-,7)-5(&7) 2-8() ;-;41'6) 5'201=50128)-5)'11)(027>))
I&7) 5012) 08) 9'87/) -,(&7)(647)8(-6=)-5)(&7)-603:0,'1) `-,) I6';;) 5'201=.%&-)78@';7/)(&7);7687@4:(0-,)-5)(&7)G'W08)0,)\]ab',/) 7<7,(4'11=) 87((17/) 0,`762-,(>)?&017)8-27)717:27,(8)-5)(&7)-6030,'1)('17&'<7) <',08&7/) 0,) (&72480@'1)<7680-,.)(&7)9'80@8(-6=)08)(647)(-)$'60')`-,I6';;N8) %60((7,) '@@-4,(-5)7<7,(8.)@8-'D$"#;'"6'$8-@#%BB'=%)/&;'D/1I-#.>)M&77<7,) 2'+78) ') @'27-';;7'6',@7) '() -,7) ;-0,(>*() &'8) 80,@7) 2'/7) (&7J-46,7=) 56-2) 9--+) (-8('37) 2480@'1.) ',/) 56-2(&767)(-)(&7)(0271788)@1'8:80@)-5)(&7)8@677,>
I&7) 5012) 5-11-%8%-41/:97) ,4,.) $'60'AC,/67%8B.) '8) 8&7) 08) 87,(56-2)(&7)@-,<7,() (-)97)'3-<76,788) 5-6) (&7) 87<7,@4(7) 94() 208@&07<-48@&01/67,) -5) R';('0,) `-,I6';;) AT142276B>) ) I&7
8(-6=10,7)08.);76&';8.);67:/0@('917) A(&-43&) *) %-,N(8;-01)0()5-6)(&7)<76=)82'1120,-60(=)%&-)&'<7,N() 8'((&6-43&) 0() '() 17'8() -,@7-,)R&608(2'8) c<7B.) 94() 0(/-78),-()671=)-,)7/37:-5:=-46:87'() (&60118) 5-6) 0(8'4/07,@7) 8'(085'@(0-,>I&7) (647) <'147) -5) (&082-<07)1078)0,)0(8)5771:3--/5'@(-6.) 1-<7'917) @&'6'@:(768)',/)8-,38)(&'()=-4N118(011)97)80,30,3)1-,3)'5(76(&7) 50,'1) @67/0(8>) !-6) '@-1/) %0,(76N8) 7<7,0,3) 0,.(&767N8),-(&0,3)97((76>
I&767) '67) 1-(8) -5) 717:27,(8) (&'() @-290,7) (-@67'(7) (&08) 5012N8) 7,/46:0,3) ';;7'1>) R76('0,1=) (&7
"-3768) ',/) S'22768(70,8@-67.)(&7)97'4(0541)8&-(8-5) (&7)C48(60',)&0118.)',/(&7) @4(7,788) -5) U=2U'6'(&) A%&-) ;1'=8) (&7=-4,378() `-,) I6';;B) '11;1'=) ') 6-17>) E4() 0() 08.) -5@-4687.) D4107) C,/67%8%&-) 8(7'18) (&7) 8&-%>!678&) 56-2) &76) ,',,=7K;7607,@7) 0,) !%#;7"BB/1..) C,/67%8) 5-43&(-55) @-2;7(0(0-,) 56-284@&),-('917)'@(678878)'8Y-608) Y'=.) $'6=) $'6(0,',/) C4/67=) S7;946,) (-37() (&7) 6-17)%&0@&) 8&7) 08,-%) 2-8() '88-@0'(7/%0(&>) ) ?0(&) &76) 8&-6(91-,/7) &'06.) ,4,) &'90(',/)340('6.) 8&7);1'=8) (&7
942910,3.) %'62:&7'6(7/,',,=)(-);7657@(0-,>
*() 87728) (-) 27) (&'((&7)@&'62)-5)(&08)5012)10780,) 0(8)'9010(=)(-)/-)(&0,38(&'() ,-) -(&76) 2-<07@-41/>) ) I&7) @-290,'(0-,-5)80,30,3),4,8.)=-/7110,33-'(&76/8.) ',/) @&01/67,/67887/) 0,) @46('0,8) 084,0d47>) M7() (-) 4,60<'117/2480@.)(&08)08)-,7)-5)<76=57%)50128)(-)37()'%'=)%0(&2'+0,3) ') &7'6(:%'620,3.5'201=)2-<07)'9-4()G'W08>C11)0,)'11.)*)@',)8'571=)8'=(&'() @8-' D"K10' "6' !K./967'11=) 08) -,7) -5) 2=5'<-460(7)(&0,38>
6$%)2$&E3"0(%"
6$F-&6$FG%/*D7&$#(%@"&(0H$-*3&)()237)%33)7C
I/*(*$J-"3%7K533L37(5)4M(8.C?$78/*$)+/*DC
N$)#(,$*$*"B5)823%72$%3!"#$%&'()**"+,$CO23,C
4/@P3%78%33*
?/@, "cYE"*RU)\a\b)Q \P(&)G#`c$Ec")_QQe!"
f*N$ ,-() 0,(7678(7/) 0,2'+0,3)2-<078)5-6)7<76=:9-/=>) *) 10+7) 2'+0,32-<078) 5-6) 2=8715.) 2=5607,/8) ',/) ;7-;17) %0(&2=)87,809010(=>g
E-=.)'2)*)31'/)*)8&'67c/N8) 87,809010(=.) 0() 960,3827) (&'() 24@&) @1-876) (-&02)A=78.)*)1-<7)&02B>)I&0808) ') (=;0@'1) d4-(7) 56-2(&7) 2',) &028715) %&-;67((=)24@&)8428)4;)&084,@-2;6-2080,3) '((0(4/7(-%'6/8) &08) @'6776) ',/(&7) f@-66-80<7) 5'27g) &7'<-0/8) 9=) ) 672'0,0,3',-,=2-48) 0,) &08) '/-;(:7/) &-27(-%,) -5) G7%h-6+>
M&4,,0,3)@-2276@0'191-@+948(768)0,)5'<-46)-5;6-/4@0,3) @-,(6-<7680'1.(&-43&(:;6-<-+0,3) 50128.&7) &'8) @'6<7/) &028715) '67<767/) 67;4('(0-,) 9=2'0,1=);1'=0,3)@-,510@(7/-4(80/768) '() -//8) %0(&@-,(72;-6'6=) 8-@07(=>E4()%&-)08)(&08)7K(6'-6/0:,'6=) 2',) %&-) &'8) ;46:847/) 84@@788) -,)&08) -%,(7628)%0(&)J48()\e)50128V
E-6,) \b(&) C4348(\]P])0,)E-8(-,.)8-,)-5)(&75-6276)57/76'1);6-87@4(-6(-) T6780/7,() D022=R'6(76.) c/) 367%) 4;) 0,
R-14290'.) $'6=1',/) 0,) ';1',,7/) @-224,0(=/7803,7/) 9=) &08) 36',/5':(&76.)5'27/)5-6)0,<7,(0,3(&7)8&-;;0,3)2'11>
?-6/8) 487/) (-/78@6097) c/) 484'11=0,@14/7)O377+=N)',/)O0,(71:17@(4'1N) :) 4,/768(',/'917'8) &7) 3'0,7/) ') EC) 0,S08(-6=) '() h'17.) ;'6(0@0:;'(0,3) 0,) 7<76=) (&7'(67@-4687) '<'01'917>) C5(76(%-)=7'68)'8)')8(643310,3%'0(76.) &7) 1',/7/)&08) 903967'+) '8) C'6-,) M('2;1760,)7#/)%&' =-%# -<76)_QQQ%',,'978)0,)\]]P>
S08) ;&7,-27,'1) ;76:5-62',@7) '8) ',) 0,,-@7,(@&-069-=F@-1/:91--/7/+01176)7'6,7/)6'<7)67<07%8',/)50621=);1'@7/)&02)-,(&7) S-11=%--/) 2';>) S7d40@+1=)@727,(7/)&08)8(':(48)'8)')2'J-6);1'=76)%0(&-4(8(',/0,3) ;765-62',@:78) '8) ') ,7-:G'W0) 0,>)-#/9%1' :/.$"#;' LA\]]bB.) ') /08011480-,7//6-,7)(46,0,3)(-)<0-17,@70,) Y'<0/) !0,@&76N8) 9601:10',()=/I8$'5&K*.)(&6-%0,30,) 103&(%703&() 5'67) 10+7@8-'D9"#-.)%&767)&7)917%;768-,'1) 0/-18) Y7) G06-',/) $'61-,) E6',/-) -55(&7) 8@677,>)S08) ,-,:17'/:
0,3) 2',) 1--+8) 27',8) &708) @';'917) -5) 0227680,3&028715) 0,) -5597'() 6-178%0(&)7K;76()8+011)8-)'11)&08@&'6'@(768) '67) 4((761=97107<'917>
C8)',)-4(8;-+7,)7,<0:6-,27,('108(.)&7)&'8);0-:,7767/) 67,7%'917) 8-1'67,763=)/7'18)%0(&)ET.)@67:'(7/) '55-6/'917) &-480,3<0') (&7) ,-,:;6-50(c,(76;6087) !-4,/'(0-,',/)&-1/8)@&'60(=)8@677,:0,38) -5) &08) 50128>) S7) 08'18-)')5'2-48)10976'1.)@'11:0,3) (&7) E48&) '/20,08(6':(0-,)f(&7)2-8()67367880<70,) 67@7,() (0278g) ',/) &'8
7K;67887/) ') /78067) (-7,(76);-10(0@8>
S7) 08) 67,-%,7/) 5-6&08) '8(-4,/0,3) 0,(7117@(94() 1-<78) @-27/=.) @0(0,3@8-'MN'O-%#'C&0'P/#I/1''8O&01'60-48N)%&017)8(011)50,/:0,3) (027) (-)3'0,)');01-(N810@7,87) ',/) @-4,(R-46(7,7=) i-<7) ',/M'12') S'=7+) '8) 7K:3061:5607,/8>) C) @-46'37-48'@(-6) -5) 672'6+'917) <76:8'(010(=.) &08) @1'880@) 50128%011) ;6-<7) 0,8;060,3) 5-654(467) '@(-68>) Y750,0(71=2=)+0,/)-5)2',>
6$@$.$&N2(#"25%-
48%33*)37)
!"#$!%&'()*)+(! ),-.(/01"2$"!(3445 !""#$%&' ()*$)#+
67%8(9::;( -.:(.<=.>:?:@>=A(BC?D:(EF:D-CDGHC@(-.C-<E( 2C--.:9( $IG@?:JE( !"#$%&' (%) .<-E$ < @ K < ? = . C K J E7<FFIB@IK:L( 6.:( E.I9M9.<D.(<E(C(@:><KC=<?<?=(IN$<O:-JE( IF:@C( $%&*#)M-@C?ENI@KE( -.:( I@<=<?CHD<=C@:--:( NCD-I@A( <?-I( C)P,4E(QK:@<DC?(#<?:@L
R.<HE-( -.:( E.I9(GE:E-.:( -@CB<-<I?CH( KGE<D( IN-.:( IF:@CM( -.:( E-I@A( <--:HHE( <E( B<NN:@:?-LQH-.IG=.( @:-C<?<?=( -.:KC<?( -.:K:E( IN( FCEE<I?MHGE-( C?B( @:S:?=:M( $IG@?:EC<B( -.:@:( 9CE( TI-.( CKCH:( C?B( N:KCH:( D.C@CD>-:@(-.C-(DIGHB(T:(E::?(CE(CS:@E<I?( IN( &C@K:?L( ( 6.:CTE:?D:(IN(9I@BE(I@(EI?=<?(-.:(E.I9(?:S:@(T:DCK:C?( <EEG:( CE( -.:( -:?E:E-I@A( 9CE( -IHB( CF-HA-.@IG=.( -.:( K:B<GK( INBC?D:L((
6.:( IF:?<?=( BC?D:9CE(C?(:UD<-<?=(B<EFHCA(INFI9:@NGHM( TIHBM( KIS:>K:?-( D.C@=:B( 9<-.( HGE-L6.:(ITS<IGE(E:UGCH( :?:@>=A( -@C?D:?B:B( -.<E( C?B@:HC-:B( -I( -.:( @:HC-<I?>E.<FE( IN( -.:( D.C@CD-:@EL%?( I?:( FC@-( IN( -.:( E.I9-9I(KCH:(D.C@CD-:@E(.CB(C@IKF( <?E<B:( I?:( IN( -.:DC@E( <?( -.:( =C@C=:( VKGD.-I( -.:( EG@F@<E:( IN( -.:CGB<:?D:WL
6.:( KI@:( :KI-<I?CHED:?:E( IN( -.:( E.I9M( <?FC@-<DGHC@( -.:( EIHIBC?D:EM( 9:@:( CHEI( EGD>D:EENGH( BG:( -I( -.:<@( -:?>B:@( ?C-G@:L( ( 6.<E( DIKT<>?C-<I?( IN( CHH>IG-( FI9:@C?B( KI@:( @:E:@S:B( VTG-?I( H:EE( E-G??<?=WE:XG:?D:E(KCB:(!"#'$%&(%) C(@:CH(-@:C-L
6.:( E:-E( @:CHHA( B<BCBB(-I(-.:(EGDD:EE(IN(-.:F<:D:M( CE( -.:A( 9:@:( C?CG-.:?-<D( :UCKFH:( IN)P,4E(QK:@<DCL((6.:(CT<H><-A( IN( -.:(KC<?( E-@GD-G@:-I(D.C?=:(N@IK(=C@C=:(-IF@<EI?( -I( EG<-( -.:( CD-M:?EG@:B( -.C-( -.:( E.I9
;:F-( KIS<?=( C-( C( XG<D;FCD:L((6.:(DIE-GK:E(9:@:CHEI( CFF@IF@<C-:( -I( -.:F:@<IBL
QN-:@(KA(N<@E-(-CE-:(IN$IG@?:JE( BC?D:>KGE<DCHE-AH:M( <?( 9.<D.( .:( K<U:E<?-@<DC-:( E-I@A( -:HH<?=9<-.( BCOOH<?=( BC?D:EM( %HII;(NI@9C@B(-I(E::<?=(.<EI-.:@( INN:@<?=EV+,-.&%./#&0 C?B( 123%&24.5667&"%)26 TI-.( KC;:-.:<@( 9CA( -I( -.:7<FFIB@IK:( ?:U-( A:C@WL6.:( E.I9( 9CE( C( @:CH( .<-C?B(-.:(CGB<:?D:JE( (@:CD>-<I?(EGKK:B(GF(-.:(N<@E->@C-:( F:@NI@KC?D:( IN( -.:DIKFC?AL
&C@K:?(=:-E(C(KC;:IS:@(
Y!Q2"( ?C@@C-<S:E( C@:@C@:HA(KA(DGF(IN(-:CZ(-.:ACH9CAE(E::K(EI(EGF:@NHG>IGE( C?B( DI@?AL( [:-M( CE-9I(GE.:@E(T@I;:(IG-(<?-IC( THCO<?=( C@=GK:?-( I?E-C=:( F@<I@( -I( -.:( FHCAMI?:(N:H-(-.C-(-.<E(9CE(?I-C( 9.IHHA( G?EGDD:EENGH-:D.?<XG:M( =<S:?( -.C-( <-.C@BHA( E::K:B( H<;:( C-:D.?<XG:(C-(CHHL %?(NCD-M-.<E(E::K<?=HA(@:CH(ED:?:DCGE:B( KC?A( =<==H:EN@IK( -.:( CGB<:?D:( C?BF@:E:?-:B( -.:( -.:K:E( IN-.:( FHCA( 9<-.( -.:( <B:C-.C-( -.:( GE.:@E( 9IGHB-C;:(-.:(@IH:E(<?(-.:(KC<?FHCA(C?B( <-(9IGHB(K<@@I@-.:<@(@:CH(H<S:EL(
6.<E( \@:CH( H<N:J( E<-GC>-<I?(9CEM(IN(DIG@E:M( @:HC>-<I?E.<F( F@ITH:KE( V<E?J-<-( CH9CAE]WL( 'C-:( HIS:E&.C@H<:M( TG-( &.C@H<:( <E<?:F-( C?B( E::K<?=HA<?B<NN:@:?-M( E-C?B<?=( .:@GF(C?B( H:--<?=(.:@(BI9?L8IM(9<-.(?I(I-.:@(IF-<I?M<-( HII;E( H<;:( 'C-:(9<HH( T:NI@D:B( <?-I( 9II<?=( .<KLR<-.( -.<E( @:S:HC-<I?( -.:GE.:@E(C@:(9.<E;:B(C9CA<?-I( -.:( 9I@HB( IN( 0H<S:@^IHBEK<-.JE(FHCAL
8:-( <?( -.:( ^:I@=<C?
F:@<IBM( 4"#' 4-7786 F@:E>:?-E( -.:( DI?-:KFI@C@AFIH<-<DE( IN( KC@@<C=:( C?B9II<?=M(CHH(@IHH:B(GF(<?-IC(9<--A(NC@D:L(6.:(FHI-(NIH>HI9E( -.:( @IKC?-<DCHHA.IF:H:EE( &.C@H:E( 2C@HI9V2C--.:9( #IG=HCEWM( 9.I<E( G?CTH:( -I( -CH;( -I9IK:?(IN(E-C?B<?=(TG-(<EC( @I=G:(9<-.( -.:( DIC@E:@-AF:( IN( HCBAM( BIIK:B?:S:@( -I( N<?B( C( EG<-CTH:KC-D.L( Q?B( EI( 9:( E::DI?NGE<I?( =CHI@:( CE2C@HI9( -@CS:HE( G?B:@<?E-@GD-<I?( -I( DIG@-( -.:NC<@( 'C-:( 7C@BDCE-H:V#I@I-.:C( 2A:@>$:??:--WM.<E( 9CA( FHC=G:B( TA( -.:<?=:?<IGE(-@<D;E(IN('C-:JEK<ED.<:SIGE( B@G?;[email protected]>T@I-.:@M( 6I?A_GKF;<?( V`I?C-.C?$@ICBT:?-WM( C?B( -.:?( TA-.:( @IH:( D.C?=<?=( FHIAEIN(-.:(N<?:(HCBA(.:@E:HNL
_<S:(KGE<D(C?B(BC?D><?=( N@IK( -.:( F:@<IB( E:--.:(ED:?:(9:HHM(CE(B<B(-.:DIE-GK:( 9.<D.( 9CE=CGBAM( 9<-.( @GNNH:E( C?BTGE-H:E( C?B(TI9EZ( <-(9CECFF@IF@<C-:( TG-( 9<-.( C?:UC==:@C-:B(E:?E:(IN(-.:>C-@<DCH<-AL( 6.<E( 9CE( FC@>-<DGHC@HA( -@G:( NI@( 2@E7C@BDCE-H:( V_<OC^IBBC@BWM( 9.I( 9CE-@GEE:B(N@IK(.:CB(-I(NII-
<?( YGD.E<C( F<?;( I@=C?OCMC(DIE-GK:(9.<D.(D:@-C<?>HA( DIKFH<K:?-:B( .:@9I?B:@NGHHA( :UC==:@C-:BD.C@CD-:@L( %?B::BM( IN( CHH-.:( F:@NI@KC?D:E^IBBC@BJE( 9CE( KA( F:@>EI?CH( NCSIG@<-:L( 8-@G--<?=C@IG?B( 9<-.( C( E-@I?=$@GKK<:( CDD:?-( C?BEGF:@<I@( KC??:@<EKEME.:(9CE(DIK:B<D(9<-.IG-:S:@( T:<?=( .CKKAL( QE.I9( E-:CH<?=( F:@NI@K>C?D:( 9CE( CHEI( =<S:?( TA$@ICBT:?-M(9.I(9CE(9I?>B:@NGHHA(D.::;A(C?B(:?:@>=:-<DZ( -.<E( 9CE( C( XGCH<-A-.:( FHCA( ?::B:B( C( H<--H:KI@:(IN(C-( -<K:E(-I(;::FGF( -.:( ?:D:EEC@<HA( H<S:HAFCD:L
2GD.(CE(%(CK(BGT<IGECTIG-( N@CK:( ?C@@C-<S:EM-.:(9CA(-.C-(9@<-:@($@<I?A_CS:@A(GE:B(.:@(CKGE<?=C?B(HIDCHHA(@:H:SC?-(KIB>:@?( @.AK:( -I( @IG?B( INN-.:( F:@NI@KC?D:( D:@-C<?>HA( B<B?\-( BCKC=:( -.::EE:?D:(IN(-.:(FHCAL(QE(C9.IH:M(4"#'4-7786 9CE(C?:?-:@-C<?<?=( N@<FF:@AM9.IE:( E<=?<N<DC?D:( KCA.CS:( BGHH:B( 9<-.( -<K:TG-M( CE( _CS:@A( .:HF:B( -I:E-CTH<E.M( .CE( ?I-( B<EE<>FC-:B(DIKFH:-:HAL
YC@D:(DI?XG:@E(9<-.(NHCK>TIAC?-HA(-.:C-@<DCH(NHC<@
,-.&/012#0%
3+*+4&(#)$56+#
76+&7$--8%&$-&(-49)+#&:&,6+&;/<
,6+&(2#&=24&:&>?#.?4@62.&3?88-0#-.+
YHCK:?DI(N:E-<SCH(<E(C(N:E-<S:(-@:C-,6#++&4?@6$%&-A&?45#+0?B*+&A*2.+45-&:&,6+&,-14&32**
"20&%0/( 9CE( NI@K:B( <?344,(-I(T@<?=(-.:(T:E-(H<S:NHCK:?DI(F:@NI@K:@E(IS:@-I(-.:(a'(C?B(-I(D.CHH:?=:b-.:( E-:@:I-AF<DCH( <KC=:C?B( F:@D:F-<I?E( IN( NHC>K:?DIc( C?B( E.I9( .I9( <-bNGE:E( C?B( :SIHS:EcL( 6I-.<E( :?BM( -.:<@( 9::;:?BN:E-<SCH(F@IS<B:B(C(SC@<:BE.I9DCE:( IN( KGE<D<C?EC?B( BC?D:@EM( 9.<D.:KT@CD:B( -C?=I( C?BBC?D:(-.:C-@:L(
6.:(T:E-(C--:?B:B(C?BKIE-( 9:HH( @:D:<S:B( DI?>D:@-( 9CE( E-<HH( -.:( KI@:DI?S:?-<I?CH( NHCK:?DIF:@NI@KC?D:( IN( d:FC2IH<?C(e(&IL(6.<E(DI?D:@-
NGE:B( <?-I( C?( I@=C?<D9.IH:M( EI( -.:( +4( K<?G-:F@I=@CKK:( NH:9( FCE-( <?9.C-( E::K:B( KI@:( H<;:.CHN(C?(.IG@L(
2<=G:H( 6:HH:O( DG-( C?<KFIE<?=( N<=G@:( C?BBC?D:B( <?( C( KGEDGHC@MC?=GHC@(E-AH:M(9.<H:(`:EfEY:@?C?B:O( B<EFHCA:B( C9<HB:@M(KI@:( :HCE-<D( E-AH:T:--:@(EG<-:B(-I(.<E(H:C?:@N@CK:L( 2IH<?C( .:@E:HNF@IS:B( -I( T:( C( S:@EC-<H:DIG?-:@FC@-(-I(TI-.(IN(-.:KCH:( BC?D:@EM( 9.:-.:@BC?D<?=( <?( FC<@E( I@( CE( C-@<IL( 7I9:S:@M( .:@( KIE-EF:D-CDGHC@( FC@-?:@( 9CEF@ITCTHA(-.:(EDC@H:-(B@:EE9<-.(-.:(NHCKTIAC?-(-@C<?C?B( -CEE:HEM( 9.<D.( B<BCHKIE-( CE( KGD.( BC?D<?=
CE(E.:(B<BL6.:( CDDIKFC?A<?=
E<?=:@E( CHEI( B<EFHCA:BDI?-@CE-<?=( E-AH:E( 9<-.-.:( FI9:@NGHM( =G--G@CHE<?=<?=( IN( `GC?( 2C?G:H2I@C( INNE:-( TA( -.:( KI@:HA@<DCH( CFF@ICD.( IN( `GC?2CH:?CL( %KF@IS<EC-<I?9I?(IG-(IS:@(DC@:NGH(D.I>@:[email protected]( <?( -.:( EIHIBC?D:E( C?B( -.:( H<=.->.:C@-:B(N<?CH:M(9.:@:(:CD.E<?=:@( C?B( BC?D:@( -II;( CEIHI(<?(-G@?L(
_IE( Q@@<:@<-IE( BC?D:DIKFC?AM( <?DHGB<?=( d:FC2IH<?CM( F@:E:?-:B( C( F:@>NI@KC?D:( IN( 9%6' !&#.#:76%6 TA(YHI@:?D<I(&CKFIC?B( #CS<B( d<DCOIZ( C?<KF@:EE<I?<E-<D( F<:D:( IN
BC?D:( -.:C-@:( CTIG-( -.:)*(9IK:?(IN(-.:(8ID<CH<E-[IG-.( 0@=C?<EC-<I?( :U:>DG-:B( TA( -.:( &<S<H( ^GC@B<?( )P*PL( 6.:( IDDCE<I?CHE?C-D.:E( IN( KI?IHI=G:B<B( ?I-( E::K( -I( KC;:KGD.( KI@:( E:?E:( IN( -.:F:@NI@KC?D:(NI@(-.:(KC?A8FC?<E.( EF:C;:@E( <?( -.:CGB<:?D:L( 6.:( NHCK:?DIDI?-:?-( 9CE( I?HA( IDDC>E<I?CH( C?B( <?D<B:?-CHMCH-.IG=.( -.<E( F@IS:B( -IT:( C( E-@:?=-.( <?( -.:( DCE:IN(-.:(F@:>@:DI@B:B(KGE<DTA( 7gD-I@( ^I?OhH:OM9.<D.( B@:9( I?( C( @<D.FCH:--:( IN( EIG?BE( <?DHGB><?=(%?B<C?(F:@DGEE<I?(C?BCKT<:?-(:H:D-@I?<DCL
6.:( Q?=HI>Q@=:?-<?:
=@IGF( "H( aH-<KI( 6C?=I=CS:( EG@F@<E<?=HA( -:F<B@:?B<-<I?E(IN(-.:(KGE<D(INQE-I@(d<COOIHHCM(9.<D.(.CEC(S:@S:(C?B(<?-:?E<-A(-.C-I9:E(CE(KGD.(-I(-.:(<?NHG>:?D:( IN( 8-@CS<?E;A( C?B$C@-i;( CE( <-( BI:E( -I( -.:-C?=I( -@CB<-<I?L( 2I@:EF<@<-:B( F:@NI@KC?D:E9:@:( DICU:B( IG-( IN( -.:=@IGF( TA( =G:E-( SIDCH<E-^G<HH:@KI( !IO:?-.GH:@L&IHIKT<C?( -C?=I( BC?D:@E&:EC@( 1:HCEXG:O( C?B&C@IH<?C( ^I?OCH:E( ECBHAI?HA( F:@NI@K:B( -.@::-<K:EM(9.<H:( -.:( <?-:@F@:>-C-<S:( BC?D:( IN( d:FC2IH<?C( C?B( `:EfE
Y:@?C?B:O( 9CE( EG@:HA( <HH>CBS<E:BL
d:@.CFE( KI@:( <KFI@>-C?-( -.C?( -.:( DI?D:@-E9:@:( C( E:@<:E( IN( E:HH>IG-9I@;E.IFEM( :?DIG@C=<?=CD-<S:(FC@-<D<FC-<I?(<?(-.:H<S<?=(-@CB<-<I?(IN(NHCK:?>DIM(@C-.:@( -.C?(K:@:(FCE>E<S:(DI?EGKF-<I?L
YI@(KI@:( <?NI@KC-<I?I?(NHCK:?DI(DHCEE:E(<?(-.:$<@K<?=.CK( C@:C( S<E<-j999LNHCK:?DI>T<@K<?=>.CKLDIKM( 6C?=I( DHCEE:EC@:( CHEI( ?I9( CSC<HCTH:L1<E<-j( 999L-C?=IT<@K<?=>.CKLDILG;
C24?+*&>2.A-#0
<6-$-%&5-)#$+%D&-A&$6+&,-14&32**
<6-$-%&5-)#$+%D&-A&$6+&3?88-0#-.+
Spend a little Live a lot
Aldi accepts cash, Maestro, Delta, Solo and Electron cards only. All offers subject to availability. Prices correct at time of going to print. Excludes R.O.I.
No cheques or credit cards. For details of your nearest store visit our website at www.aldi.co.uk or call our Aldi Store Location Line on 0844 406 8800.
*Check pack for warranty details. The warranty may be available via the distributor or the manufacturer. Products purchased at Aldi are covered by a 30 day
guarantee. Goods returned must be accompanied by the appropriate till receipt. Taurus Cider 2 Litre, 79.5p per litre. Tamova Vodka 70cl, £9.99 per litre.
Bristol Road, Selly Oak
Opening times
Mon-Fri 9am-8pm
Saturday 8.30am-8pm
Sunday 10am-4pm
You’ll find everything you need to live the student life in style, without stinging your bank balance.
Bristol Road, Selly Oak
Casin night -and the price is right
Student essentials at essentially low prices
Poker Table Top
£13.99
Poker Set
£12.997 in 1 Casino Roulette
£9.99
Taurus Cider £1.59
Tamova Vodka £6.99
Ace value
!"#$%&'($ !"#$!%&'()*)+() ),-.(/01"2$"!(3445
%/(6789:;87(-:(<=8-(>77?@8A7<7B6C-D( 96:EC<7F( <7-( G7C;-6:HIA7( GD( E=J:I6C-7=;-CKA7<7B6C-DF( -.7( B6C<K<C=;-(L-79.7;(M6DN($D(H7ECK;C-C:;F( =( A7<7B6C-D( C8( =E=G:I8F(A7<7B6=-7H(9IB<CAECOI67( :6( 8:G7:;7C;8-=;-<D( 67A:O;C87H( :;-.7( 8-677-( HI7( -:( =( .CO.G7HC=(96:EC<7N(P.7(=G=QKC;O( 26( M6DF( .:>7J76F( C8;:-( -:( B7( A:G9=67H(>C-.-.7(<C?78(:E(R:6H=;F(S:8.F:6( D:I6( G7HC:A67F( :J76K9=CH( E::-B=<<( 9<=D76F( :.;:F(L-79.7;(M6D(C8(=(>C--D
O7;CI8( >.:( C;J:?78( :I6C;-7<<CO7;-( =89C6=-C:;8F;:-(:I6(9=O7(*(=GBC-C:;8N(
%( 8=D( =;-CKA7<7B6C-DBI-( L-79.7;( M6D( C8( =8GIA.( =( 9IB<CA( ECOI67( =8-.7( :-.76( TKU( <C8-768F( BI-.C8( VIC6?8F( G:H78-D( =;H9678-COC:I8( 7;-7696C878H7876J7(=;(7<7J=-7H( <7J7<:E( 67897A-( E6:G( =;D:;7>C-.(=;(%W(=B:J7(-.=-(:E(=.76H(:E(O:=-8N(X7(7GB:HKC78(A.=6C8G=F(=;H(C8(=(-6I796:E788C:;=<N( X=JC;O( .=H-.7( O67=-( :99:6-I;C-D( :E877C;O(-.7(<7O7;H(.CG87<E
HI6C;O(-.7(EC<GC;O(:E(=(!"79C8:H7(C;(2=D(YB7(8I67(-:<::?( :I-( E:6( E:I6$C6GC;O.=G( 8-IH7;-8( C;-.7( =IHC7;A7F( C;( /:J*4-.@8(79C8:H7ZF(%(=G(:;7-:( J:IA.( E:6( .C8( EI;;DKG=;( 8-=O7( 96787;A7( BI-=<8:( .C8( CG96788CJ7( 96:KE788C:;=<( A:;HIA-[( .77J7;(G=;=O78(-:(O=C;(-.7I9976( .=;H( >C-.( RCGGD&=66@8( C;A788=;-( A:A?\:?78N
L-79.7;( M6D@8( BC:O6=K9.D( C8( 6CE7( >C-.( C;-7678-KC;O( -C-BC-8(BI-(.7(H:78;@-8.D( =>=D( E6:G( .C8( E:6G:E( BCK9:<=6( =;H( A<C;CA=<H796788C:;F( 6=-.76( .7G=?78( =( H:AIG7;-=6D=B:I-( G=;CA( H796788C:;8IEE76768(=;H(C;E:6G8(-.7C<<KC;E:6G7HN(
L-79.7;( M6D( =;H( -.7$$&( =67( 877GC;O<D( 8D;K:;DG:I8(>C-.(7=A.(:-.76F>C-.( T #$%& '(& )*+& ,-./,0*$1 =;H( 211314& ,-.5''4%1* B:-.( E=J:I6=B<DB7C;O( 8A677;7H( BD( -.7;7->:6?N( ( P.7( I<-6=KC;E:6G=-CJ7( 6"7& ,-.& 81-=A?<7H( =( <:-( :E( C88I78-=A-EI<<D( =;H( >=8( =<8:( =GI8-K877N( P.7( 9768:;=<
7EE7A-( :;( M6D@8( E6C7;H8=;H( B6C;OC;O( C;-:( E:AI8.C8( :>;( 87]I=<C-D( >=8;@-C;J=8CJ7( BI-( 8.:>7H( D:I-.=-( .7@8( HC8-C;A-CJ7<DH:>;K-:K7=6-.N( XC8( P16:<78( =67( -::( G=;D( -:G7;-C:;(BI-(7=A.(-CG7F(.7:I-8.C;78(G=;D(:E(.C8(A:K976E:6G768( K( \I8-( >=-A.'C;OH:G(>.7;( C-( 67-I6;8E:6(C-8(87A:;H(87=8:;N
^6C-76F(=A-:6F(A:G7HCK=;F( =>=6H( 96787;-76F( =;H=<<(6:I;H(O67=-(OID(YD:[email protected];?( >7( >767( A<:87E6C7;H8(BD(GD(8IOO78-CJ7A:<<:VIC=<C8G8F( 8=H<D;:-ZF(L-79.7;(M6D(H6CJ78(=_:;H:;( B<=A?( A=BF( <:J7808A=6(^C<H7F(C8(=<<76OCA(-:A.=G9=O;7F( <:J78( T99<72=A( A:G9I-768( =;H897=?8(E<I7;-(`76G=;a
X7( C8( G:H78-( =;HA.=6GC;O( -:( B::-N( 2D9:C;-( -.7;( B7C;Ob( .7( C8>:6-.D( :E( -.7( 9IB<[email protected].(67O=6H(:E(.CGF(7897KAC=<<D( C;( A:G9=6C8:;( -:-.7( c?C88( c;@( -7<<@>=;;=B78( ;:>( 8D;:;DKG:I8( >C-.( -.7( -76GA7<7B6C-DN($6=J:(26(M6DN
L-79.7;(M6D((!*+,*-.*/(0/-#"/1%-&2$-*10,*3($-4,-5,'-6+"&$-"/&$,$%&"/7
0/( -.7( 8IB\7A-( :E( <:;OHC8-=;A7( 67<=-C:;8.C98FG:8-( 97:9<7( C;8-=;-<D\IG9( -:( -.7( =88IG9-C:;-.=-( -.7D( H:;@-( >:6?( :6E77<( C-@8( ;:-( >:6-.( -.7B:-.76N((X:>(G=;D(-CG78.=8(8:G7:;7(8=CH( -:(D:I-.=-(-.7(:;<D(>=D(-:(.=J7EI;( =-( I;C( C8( -:( 7;-76( C-E677(=;H(8C;O<7d((
%F( :;( -.7( :-.76( .=;HF.=JC;O(B77;(>C-.(GD(<I8KAC:I8( G=;( E:6( :J76( ->:D7=68(=;H(ECE-D(976A7;-(:E-.=-( .=JC;O( B77;( <:;OKHC8-=;A7F( B7O( -:( HCEE76N^7@67( .=99C76( -.=;( 7J76=;H( >.C<7( -CG78( A=;( B7.=6H( Y;:F( %( >:;@-( O7-( =<<8:99D( :;( D:IZF( -.6:IO.H7-76GC;=-C:;(=;H(B7<C7EFC-( A=;(>:6?N(L:F( <=8-(D7=6>.C<7(%(8=-(=-(.:G7(67=HD-:(.=J7(=(HI<<(O=9(D7=6(:E>:6?C;O(C;(C;8I6=;A7F(GDH=6<C;O(B7<:J7H(\7--7H(:EE-:(I;C(>C-.:I-(G7F(BI-(>78I6JCJ7Ha( ( T;H( 8:( -:( =<<D:I(E678.768(=<67=HD(E77<KC;O( -.7( 8-6=C;8( :E.7=6-=A.7F(%(B6C;O(D:I(-.7I<-CG=-7(OICH7(:E(H:C;O(C-<:;O( HC8-=;A7( =;H( 8IAKA77HC;O( C;( G=?C;O( C->:6?N(((
%;J78-( C;(=(O::H(H7=<>C-.( =(9.:;7(9=A?=O7( 8:
D:I( =67( B:-.( =B<7( -:( A=<<:;7( =;:-.76( =-( =;D( -CG7:E( -.7( H=D( >C-.:I-( -.7>:66D( :E( .IO7( 9.:;7BC<<8N( ( 06=;O7( AI667;-<DH:78( =( H7=<( >C-.( cG=OCA;IGB768@( >.767( D:I( A=;A=<<( -.7( :-.76( 9768:;( E:6=8( <C--<7( =8( )e9( E:6( =>.:<7( .:I6a( S<I8F( -.767@88;=C<(G=C<F( 7G=C<( =;H( -.7\:D8(:E(M=A7B::?N(P.767@8;:( 67=8:;(>.D( D:I( A=;@-?779(C;(A:;8-=;-(A:;-=A-N
$ID(=(6=C<A=6H( YCE(D:IH:;@-(=<67=HD(:>;(:;7(:6>767;@-( <IA?D( 7;:IO.( -:8;=9( :;7( I9( C;( -.7/=-^78-( L-IH7;-( =AA:I;-H7=<Z( E:6( :;<D( f34N( P.C8>C<<( B7( :;7( :E( D:I6( B78-C;J78-G7;-8[( C-@<<( 8=J7D:I( .7=98( :;( 6=C<( E=678=;H(G=?7(C-(7J7;(7=8C76(-:O:( =;H( JC8C-( D:I6( <:J7H:;7N
TCG( -:( JC8C-( 7=A.:-.76( 7J76D( ->:g-.677>77?8F( -.=-(G7=;8( D:I@<<:;<D( B7( BIDC;O( =( -6=C;-CA?7-( =B:I-( :;A7( =G:;-.N( P.=-@8( ;:-( 8:.7E-D( :;( -.7( 8-IH7;-BIHO7-( C8( C-d( S<I8F( C-@8=<>=D8(8:G7-.C;O(-:(<::?E:6>=6H(-:N
'779( BI8DN( ( %E( D:I-.6:>( D:I687<E( C;-:( D:I6
8-IHC78F( 7]-6=KAI66CAI<=6=;H( 8:AC=<( =A-CJC-C78( D:I>:;@-( \I8-( EC;H( D:I687<E7]A7<<C;O( C;( 7J76D( =897A-:E( I;CJ768C-D( BI-( D:I@<<=<8:(EC;H(-CG7(=9=6-(GIA.7=8C76( -:( B7=6( B7A=I87FE6=;?<DF( D:I( \I8-( >:;@-.=J7(-CG7(-:(GC88(-.7Ga
L=J:I6(7J76D(G:G7;-D:I(O7-(>C-.(:;7(=;:-.76=;H( H:;@-( E:6O7-( -.7( :<HA<=88CA( h=B87;A7( G=?78-.7(.7=6-(O6:>(E:;H76iN(%EL.=?7897=67( 8=CH( C-( -.7;C-( GI8-( B7( 6CO.-F( 6CO.-dM6:G( 7]976C7;A7F( CE( D:I.=J7;@-( 877;( D:I6( <:J7H:;7( E:6( =( E7>( >77?8F
>.7;( D:I( EC;=<<D( H:( 8777=A.( :-.76F( D:I@<<( EC;HD:I687<J78( G:67( C;( <:J7-.=;(7J76N(
L:(E7=6(;:-a((_:;OKHC8K-=;A7( C8( -.7( >=D( -:( O:Y7J7;( CE( -.7( :;<D( 9<=A7D:I( H:( EC;H( D:I687<EO:C;O( C8( -.7( ;7]-( -6=C;FBI8(8-=-C:;(7-AZN(($I-(CE(=<<7<87(E=C<8F(O6C;(=;H(B7=6(C-FCE( D:I( -6I<D( <:J7( :;7=;:-.76(=;H(B7<C7J7(C-(>C<<>:6?F(-.7(-.677(D7=68(>C<<8::;(E<D(BD(=;H(C-@8(;7J76<:;O( I;-C<( -.7( ;7]-&.6C8-G=8F( "=8-76F( 8IGKG76(.:<CH=DN
#:C;O(C-(<:;O(HC8-=;A78*&$-9(*,:%0/ 7";$%-*-<0=>,$2$/%";$-7+"1$-&0-7$&&"/7-"&-,"72&-
1CA?C($=68BD =;H(/C??C(#=JC8:; -7<<(I8
>.=-@8(.:-(=;H(>.=-(8.:I<H(B7(8.:-
5"$,<$!"#$%&'() K(EC;=<<D(=(H7A7;-(.C8-:6KCA=<( EC<G( K( CE( -.7( A:8-IG78( H:;@-G=?7( D:I6( G:I-.( >=-76F( &<CJ70>7;(A76-=C;<D(>C<<N(_:J7<DN
?$$:$/1"/7 K(-:(78A=97(A:;EC6G=K-C:;(:E( -.7( E=A-( -.=-( ;:-.C;O( 7J76.=997;8(=-( -.7(>77?7;H( Y=;H(M=BC8(;:-(=(8:G7-.C;OZF(8?C9(-:>;(=;HO:( 8:G7>.767( C;-7678-C;ON( /7>8I976KE=8-( "I6:8-=6( :97;C;O( -.C8>77?N( T( A:C;ACH7;A7d( ^7( -.C;?;:-N
@$6+"/% K( -.C8( 87=8:;F( H7A?( D:I6K87<E( C;( =<<( -.C;O8( -.=-( 8.C;7F89=6?<7( :6( 8.CGG76( BI-( =J:CH-.C;O8( -.=-( O<:>( C;( -.7( H=6?F( =8/7>( !=J7( H79=6-7H( G:;-.8( =O:jC;876-(A:<<7A-CJ7(8CO.(:E(67<C7EkN(
9*3($-8/"& K(\I8-(-:(67GC;H(=<<(G7;=B:I-( >.=-( >7( 8=CH( =B:I-( A=6HCKO=;8( <=8-( D7=6l>7<<F( ;:>( >7@678=DC;O( C-( =B:I-( A=B<7( ?;C-N&:GBC;7( A=6HCO=;(>C-.( A=B<7(?;C-=;H(0.N(#7=6N(_:6HN
A=$,"<*/- 500&3*(($,% K( =E-76( -.7.=GG76C;O( >7( O=J7( ^=6>CA?( =-]9_:8%0/( :;( L=-I6H=DF( 9<I8( -.7/M_(O=G7(=-(^7GB<7D(=-(-.7(7;H(:E0A-:B76F( >7@67( O7--C;O( C;-:( -.7VI=6-76B=A?gA.776<7=H76( 89C6C-N( %->=8F( .:>7J76F( O::H( -:( 877( -.7A6:>H8(=-($:I6;B6::?(:;(L=-I6H=D>=6GC;O( -.7G87<J78( >C-.( B:--<78:E( M6:8-D@8( K( 8:G7( ";O<C8.( -6=HCK-C:;8(8.:I<H(;7J76(HC7N
5"/"%2$190+>('-5*<$300:"/7 K(96:EC<7(9CAK-I678(>C-.(D:I6(:-.76(.=<E(C;(-.7G=67( 8CA?7;C;O( 7;:IO.F( BI-( C-( O7-8-7;( -CG78(>:687( CE( D:I(B:-.(.=J7-.7( 8=G7( :;7N( L-=-I8@( -.=-( =HJ76K-C87( .:>( C;( <:J7( D:I( =67F( :6( .:>GIA.( D:I( GC88( D:I6( 9=6-;76F( :6.:>(G=;D( c8<7798@( C-( C8( I;-C<( D:I877( -.7G( ;7]-( =67( I--76<D( I;=AKA79-=B<7(=;H(OCJC;O(9IB<CAF(JC6-I=<OCE-8( <C?7( .=;HAIEE8( =;H( 6:878( C8\I8-(-.7(A.766D(:;(-:9N(%E(D:I(.=J7-:( A:;HIA-( 8:(GIA.(:E( D:I6( 67<=K-C:;8.C9( JC=( -.7( C;-76;7-F( 8:G7K-.C;O(C8(J76D(>6:;ON
B3%<+,$-<$($3,"&'-,$*("&'-CD K(-.7_<7>7<<D;K$:>7;8( Y-.7( A=G9( :;7>C-.(<IHCA6:I8(.=C6(E6:G(&.=;OC;O!::G8( =;H( .C8( E=GC<DZ( ;:>( .=J7-.7C6( :>;( 8.:>N( L"!%0mL_nF( ;::;7( A=678F( 9<7=87( 8-:9( 9:<<I-C;O:I6(8A677;8N(
@20,&-4$/ K(7J:<I-C:;(8I99:87H<DHCA-=-78( -.=-( -.7( .IG=;( 6=A7( C8O7--C;O( -=<<76F( BI-( G=DB7$C6GC;O.=G( I;C( .=H( =( .7CO.-8A677;C;O(96:A788(=8(9=6-(:E(m&TL-.C8(D7=6F(cA=I87(>7(8>7=6(-.7(B:D8=67( O7--C;O( 8G=<<76N( X=JC;O( 8=CH-.=-F( I;H76( ;:( AC6AIG8-=;A788.:I<H( J76-CA=<<D( A.=<<7;O7H( G7;>7=6( .77<8( :6( 9<=-E:6G8( K( >7@67\I8-(;:-C;O(-.7(A.=;O7N
!$*&2$,-0+&#"&% K(>7(B7O(D:IF(H:;@-O:(-.767N
E+0&$-0#-&2$-?$$:
9"&.'-:%&.*$-;&%<141&.,+4=
"&,>&,??1*@$A&%'&,?A'<'?
,-.&-,*A'%$A4=&"&B*1,;&'0%
$-&<,-.A0((4C
F03$,&-G0H/$'-I,J
!"5"$,<$-0,-5"/"%2$1
F$(*&"0/%2">%
9$($3,"&'-K,0#"($
!"#$%&'($!"#$!%&'()*)+() ),-.(/01"2$"!(3445
!"#$%&' ()*' +,-' ./0.+,-'0).'1,--.('2,-1*34' /*5,/2*2' ,6+.4(' ,4' ,4.13,6' .7(1,4(' ,-2' ()*/*,/*' 8*0' .11,43.-4' 3-' ()*/.7-2' .8' ./23-,/9' 4.13,6638*' 0)*/*' 2,-13-5' 34' -.(3-1672*2:' ;<*-' ,(' ,8/3*-2=4' ).74*>' 3(' 34'+./*(),-' 63?*69' (),(' ,-3+@/.+@(7' 2,-1*' 0366' A*,//,-5*2'(.'()*'4(/,3-4'.803/*6*44' ./' ()*' 5/,+.B@).-*>' ,-2' ()*' 8.66.03-54*1(3.-' 34' ()*/*8./*'.8' ()*7(+.4(' 3-(*/*4(' (.' ().4*0).' 0.762' 7-2*/4(,-2()*' %/(' .8' $,-13-5' 3-' ,663(4',4@*1(4:C
6789:( -.:;:( 7<<=>-?@A=>B;( A:>:( A>7--:8C( -.:7<D=>-?89:( =E( B?8978F.?;( GH( 8=( <:?8;( BA78IB@:B( ?8B( :?9.( B?89:( .?;D>:97;:( ;-:D;( ?;( A:@@( ?;;=<:( G?;79( F=J:>878FD>7897D@:;K( L.:( B?H;( =EE=M->=-;C(A?@-N:;(?8B(-?8IF=;(<?H(G:(=J:>C(GO-(A:C?;( H=O>( E?7-.EO@( FO7B:;C.?J:( .:@DEO@@H( 7B:8-7E7:B-.:(9?-:F=>7:;(=E(<=B:>8B?H(B?89:(;-H@:;K
L.:( $&P( Q$O<I-=I&>=-9.(P>78BR(I(E?7>@H(;:@EI:MD@?8?-=>HC(-.7;(>?O89.H
<=J:(9?8(G:(E=O8B(78(-.:;A:?-HC( B?>S( 9=>8:>;( =E.7DI.=DT!U8V$( 9@OG;( -=-.:(;->?78;(=E(UW7BBHV(?8BUX7BBHV( Q=>( A.?-:J:>( .:V;9?@@78F( .7<;:@E( -.:;:B?H;RK
L.:( 6:@EI&=8;97=O;$=G(I(-.:(@:?;-(;=97?@(E=><=E( <=B:>8( B?8978FCA.=;:( D?>-797D?8-;( ?>:-==( 9==@( -=( 78-:>?9-( A7-.:?9.( =-.:>K( L.:;:( 78B7:I>=9S:>;( 78;-:?B( ;-?8B( 78>=A;( E?978F( -.:( ;-?F:C8=BB78F( ?DD>:97?-7J:@HQGO-( 8=-( <=J78F( :8=OF.-=( >O78( -.:7>( D:>E:9-@H
<:;;:B(OD(.?7>RKL.:( W@?7@( ?S?( !YZ
Q!?8B=<(Y:>S78F(Z7<G;R( I=8@H( ?99:D-?G@:( 78( -.:9=8-:M-( =E( ->?89:TB>O<U8V( G?;;C( -.7;( ;-H@:( 7;( E=>?8H=8:( @?9S78F( -.:
>.H-.<(8:9:;;?>H( -=(DO@@=EE(<=>:(>:E78:B(<=J:;K
L.:(X=F=(I(=8@H(-=(G:D:>E=><:B( 78( 97>9@:;C?>=O8B( ?( >?8B=<( ?;;=>-I<:8-( =E( .?8BG?F;KYO<D78FC( G=O8978F( ?8B[7FF78F( ?>:( ?@@( ?99:D-?G@:?8B( >?8B=<( ;.=O-;( =E\L]/"^_(?>:(<?8B?-=>HK
L.:(`?8BH($==S(.?;(?
E:A(G?;79(>O@:;(A.79.(?>:?;( 78B7;D:8;?G@:( ?;( D:>I<?8:8-( D>7897D@:;( -=B?H?;( -.:H( .?J:( G::8( E=>B:9?B:;K
\$,-1*' 03()' ()*0*35)('.-'()*'0).6*'.8'()*8..(>',-2'-.('.-' ()*' (.*4:;,1)'4(*@'4).762'A*','4./(.8'5632*>'+,3-(,3-3-5'1.+B@6*(*'1.-(/.6'.8'()*'A.29D$.' -.(' +.<*' 9.7/' ,/+4,A.7(>' ./' )7-1)' 7@' 9.7/4).762*/4:' $.' -.(' A*-29.7/' ?-**4' +./*' (),-' 34,A4.67(*69' -*1*44,/9' ,-2,60,94' ?**@' 9.7/' 8**(' ,416.4*'(.5*()*/',4'@.443A6*'B3('6..?4')32*.74'(.'4**'@*/B4.-4' 2,-13-5' 03()' ()*3/6*54'032*',@,/(:C
6=C(-=(9=89@OB:C(?-(-.:8:M-( 1=BGO@@( =>( 09:?8?CA:( :MD:9-( -=( ;::( .=>B:;=E( D:=D@:( :M:9O-78F( -.:?G=J:(D>7897D@:;K(&?8(H=OUF@7B:V( -=( E,90,(1)a( b:9.?@@:8F:(H=O(UE@?7@:>;V(-=.:?>( F*-2767+ A7-.=O-<=J78F( H=O>( ?><;C( ?8B.:89:E=>-.( -.:>:( ;.=O@BG:( 8=( O88:9:;;?>H( G:8BI78F( =E( -.:( S8::;C( :J:8( 7E-.:( ;->?78;( =E( 6:?8( X?O@?>:( -=( A?E-( <:@=B79?@@H=J:>(-.:(B?89:(.?@@K
#:;D:>?-:(-=(G:(`=O;:A7J:;a(!"#$%&'($*+,-./*
0%"12*&/$*3(&"4-&$*5678%*9/,:*&,;*23"<$=*!"#$%&'(#)*+#($%,-./$0&&1=*>".?"*@-A%B' -1<
C"??"*D-E"%,1 1$2,&"-&$*&/$*F$-?%*-1<*F"&#-((%*,#*4,<$A1*%&3<$1&*("#$
c( W"b( 87F.-;( ?F=C( %( A?;=O-( ?-( ?( D?>-HK( c( FOH( 78-.:(9=>8:>(9?OF.-(<H(:H:;=( %( D@O9S:B( OD( -.:9=O>?F:( -=( F=( =J:>( ?8B9.?-C( [O;-( -=( >:?@7;:( .7;:H:;( A:>:( =8( ;=<:=8::@;:K(b?-9.78F(.7<(A?-9.I78F(.:>C(G:78F(A?-9.:B(GH:J:>H=8:( ?>=O8B( .:><?B:( <:( -.78Sd( A.?-( B=FOH;(;::(78(F7>@;(@7S:(.:>a
%( B:97B:B( -=( <?S:( ?<:8-?@( 9=<D?>7;=8G:-A::8( .:>( ?8B( <H;:@EK`:>( .:7F.-( A?;( >=OF.@H-A:@J:( E::-( -?@@( Q;7M( .:>=A8C( ;7M( ;-7@:--=RC( <H.:7F.-C(=>(@?9S(=E(7-C(J:>FI78F( <=>:( -=A?>B;( -.:;<?@@C( :J:8(BA?>E7;.( :8B=E(-.:(;D:9->O<e(.:>(.?7>A?;( G>7F.-( G@=8B:C( <78:<=O;H( G>=A8e( .:>( 8?7@;A:>:( @=8F( ?8B( D:>E:9-@H<?879O>:BC( <78:( A:>:9.:A:B(?8B(9.7DD:BK($O-E>=<(-.:(JI8:9S(=E(.:>(@7-I-@:(G@?9S(B>:;;C(A.:>:(.:>G>:?;-;(D=DD:B(=O-(-=(;?H.:@@=( A.7@:( <78:( A:>:-O9S:B( ?A?H( O8B:>8:?-.?8( =@B( F>?88H( 9?>BHC( %>:?@7;:B( -.?-( :J:>H-.78F?G=O-(-.7;(F7>@(A?;(E?S:^(
`:>( .:7F.-( E>=<69.O.C( .:>( .?7>( E>=<( ?G=--@:C( .:>( 8?7@;( E>=<
?9>H@79( ?8B( .:>( G>:?;-;E>=<( ;7@79=8:K( 08( 9@=;:>78;D:9-7=8C( :J:8( $?>G7:@==S:B(<=>:(>:?@K
`?C( %( -.=OF.-C( %( G:-;.:V;(<78F78F(O8B:>8:?-.7-( ?@@K( c-( @:?;-( %V<( D>=G?IG@H( 8?-O>?@@H( D>:--7:>C( %-.=OF.-C(O8-7@(-.:(FOH(%VB;?-( 8:M-( -=( ;D?-( =O-( .7;B>78S(78(B7;FO;-C(:M9@?7<I78F( -.:>:(A?;(?(;D7B:>( 787-K(c8B(;O>:(:8=OF.C(@==SI78F(B=A8(?-(-.:(DOBB@:(=EG?9SIA?;.:B( J=BS?( ?8B9=S:C( -.:>:(A?;( 78B::B( ?G@?9SC( GOFI@7S:( =G[:9-( 787-K( $O-( 7-(A?;8V-( ?( ;D7B:>K\0._C(%(@?OF.:B(?ASA?>BI@HC( \<H( E?@;:( :H:@?;.<O;-VJ:( B>=DD:B( =EEK6=>>HK_
W::@78F( 9=<D@:-:@H:<G?>>?;;:B( ?8B( <=;-@7S:@H(@==S78F(@7S:(?(9.?>I?9-:>( E>=<( G6.1?0./?#/,-5*C( %( EO<G@:B-.>=OF.(.7;(;D7-(-=(D79S(7-=O-( ?8B( .O>>7:B( -=( -.:G?-.>==<( -=( >:?DD@H( 7-C8=-(>:?@7;78FC(78(<H(>?-.:>B>O8S:8( ;-?-:C( .=A;S?8SH( -.7;( A?;K( 08( <HA?H( OD( -.:( ;-?7>;C( ;=<:B>O8S:8C( B>OFF:BIODC@=J:BIOD( D:=D@:( A?8-:B-=( G:( .OFF:BIODC( GO-( =8B>?D78F( -.:7>( ?><;
?>=O8B( <:C( <H( .?7>( A?;-OFF:B(ODC(=>(B=A8(?9-OI?@@HC( ?;( =8:( =E( <H( .?7>:M-:8;7=8;(O89@7DD:B(?8BE:@@( -=( -.:( E@==>K( %( D79S:BOD(-.:(A:?J:;(=E(.?7>(?8B?BB:B(-.:<(-=(<H(9=@@:9I
-7=8( =E( E?S:( -.78F;( -=>:?DD@H( 78( -.:( G?-.>==<KP>:?-K(YO;-(F>:?-K(
$O-C(=89:(78(-.:(G?-.I>==<(78(E>=8-(=E( -.:(<7>I>=>C( %( >:?@7;:B( .=A( .HD=I9>7-79?@(%(A?;(G:78FK(%(A?;
8=( @:;;( UE?S:V( -.?8( -.:UE?S:(F7>@V(%VB(G::8(<:8-?@I@H( 9>7-797;78F( [O;-<=<:8-;( G:E=>:K( c8BA.:>:( .?B( O;78F( -.:;:E?S:(G:?O-H(D>=BO9-;( F=-<:a(%8(?(G?-.>==<C(=8(<H=A8C( @==S78F( @7S:( X=D:H:A7-.(?(B=BFH(.?7>B=K(6=(%G=@B@H( A:8-( A.:>:( 8=UE?S:(F7>@V(.?;(G::8(G:E=>:?8B(B:97B:B(-=(;->7D(B=A8?8B( G>?J:( -.:( 87F.-( =O-?O( 8?-O>?@K( QL.7;( B7B( 8=-.=A:J:>( 789@OB:( -.:>:<=J?@( =E( 9@=-.:;( =>O8B:>A:?>( I( %( .?J:8V-fO7-:(>:?9.:B(-.:(;-?F:(=EG:78F(?(8?-O>7;-(H:-KR(
c8HA?HC( -.:(D=78-( 7;C%( .?B( <O9.( <=>:( EO8?E-:>A?>B;( 8=-( .?J78F( -=A=>>H( ?G=O-( -.78F;( ;O9.?;(<H(:H:@?;.:;(B>=DD78F78-=( E7-( G=H;V( B>78S;Q-.=OF.( 7-( A?;( EO88HA?-9.78F( ;O9.( ?( <?9.=G@=S:(E>:?S78F(=O-(=J:>(?U;D7B:>VRK( %( :J:8( .?B( -.:@?;-( @?OF.( 78( <H( <:8-?@G?--@:(A7-.(UE?S:(F7>@V(?;(%;?A(.:>(?-(-.:(:8B(=E(-.:87F.-C( D?;;:B( =O-( =8( ?;=E?C(A7-.(878:(=O-(=E(-:8=E( .:>( E?@;:( 8?7@;( ;-O9S?@=8F( .:>( :H:G>=A;C( ?8B=8@H( =8:( >:<?7878F( =8.:>( E78F:>K( %( 9?8( =8@H
FO:;;( ?8( :J7@( ?>-( ;-OB:8-A?;(E::@78F(9>:?-7J:K(
%-( 7;( 879:( -=( F:-B>:;;:B( OD( ?8B( E?EE?>=O8B( A7-.( E?@;:( :H:I@?;.:;( ?8B( -.:( @7S:( :J:>H8=A( ?8B( ?F?78C( GO-( %VJ:>:?@7;:B( -.?-( A:?>78FUE?S:V( -==( =E-:8( ?9-O?@@H<?S:;( H=O( E::@( B:D:8BI:8-(=8(-.:;:(7-:<;(-=(@==SF==BK( 0O>( =G;:;;7=8( -=:8@?>F:(?8B(:M-:8B(;::<;=8( -.:( 789>:?;:( I( %( :J:8A?-9.:B( ?( B=9O<:8-?>H@?;-(87F.-(?G=O-(?(F7>@(A.=A?;(F:--78F(?(-=:(;O>F79?@I@H( @:8F-.:8:B^(b:V>:(9=8I;-?8-@H( -:@@78F( FOH;( \7-V;8=-(-.:(;7N:(-.?-(<?--:>;C7-V;(A.?-(H=O(B=(A7-.( 7-_C;=(A.H( 9?8V-(A:( -:@@( =O>I;:@J:;( -.?-( ?( @7--@:( <=>:=E-:8( ?8B( :<G>?9:( A.=A:( >:?@@H( ?>:( O8B:>8:?-.?@@( -.:( @:8F-.:878FC( J=@OI<7N78F( ?8B( DO<D78FIODD>=BO9-;K( %F8=>:( -.:?BJ:>-7;:<:8-;K( 6?HF==BGH:(-=(D:8-7D:D-7B:;QA.?-:J:>( -.:H( ?>:RK( b:;.=O@B( E@?O8-(A.?-(A:VJ:G::8( G=>8( A7-.C( ?8B2?HG:@@78:( ;O>:( ?;( .:@@B7B8V-( F7J:( O;( -.?-K( c8BA.H( ;.=O@B( A:( B=( -.7;a$:9?O;:(A:(,/* A=>-.(7-K(
/?-O>:(J:>;O;(/O>-O>:(G-'B$*H$%%".-*I-32/* "%*B,A1*:"&/*"&=*4-'B$*"&;%*4-?$*B$("$E$
L`"( =8:( -.?-( F=-( ?A?HKL.:(=8:(A.=(G>=S:(H=O>.:?>-K( L.:( =8:( A.=V;9@?;;7E7:B( ?;( O8E787;.:BGO;78:;;K(%-(B=:;8V-(<?-I-:>(A.79.( H/3*-24I:;fO:-7-@:(;:fO:89:(H=O(9.=;:-=(?DD@HC(-.:(9=89:D-(7;;-7@@(-.:(;?<:K(
2=;-(D:=D@:C(BO>78F-.:7>( >:@?-7=8;.7D(.7;-=I>HC( .?J:( ?8( :MD:>7:89:-.?-( ;.?D:;( -.:( >:;-( =E-.:7>(@=J:(@7E:K(W=>(;=<:C<::-78F( ;=<:=8:( ?8B.?J78F(-7<78F(=>(J?>7=O;=-.:>(7;;O:;C(A.79.((B79I-?-:(H=O(9?8V-(G:(-=F:-.I:>C( 9=8;:fO:8-@H( E=>9:;H=O( -=( 8:J:>( A?;-:( ?8=DD=>-O87-HK(W=>(=-.:>;C?( <:;;H( =>( O89@:?>G>:?SIOD( 9?8( @:?J:( H=O;OG9=8;97=O;@H( A?7-78FE=>( -.:<( -=( 9=<:(G?9SC:J:8( @=8F( ?E-:>( H=O( ?>:A7-.(;=<:G=BH(:@;:K(
%( S8=A( %V<( =-.:>D:=D@:V;( G?FF?F:e( \%O;:B(-=(F=(=O-(A7-.(-.7;<:8-?@( 9.79S(?8B(8=A( %E78B( 7-( .?>B( -=( ;@::DA7-.( G=-.( :H:;( 9@=;:B_K%C( 7>=879?@@HC( B=8V-( .?J:-.:( U=8:VK( %( B=8V-( >:?@@H.?J:(?8H(=O-;-?8B78F(:M7;;O:;C(%(B=8V-(:J:8(@7S:-?@S78F( -=( -.:<( -.?-<O9.K(%E(H=OV>:(78(?(>:@?I-7=8;.7D( A7-.( <:C( %9=<:( G?FF?F:IE>::K&>?NHC(H:;C(GO-(G?FF?F:8=K((
]8E=>-O8?-:@HC( -.:;?<:( 9?8V-( G:( ;?7B( E=>-.:( D:>;=8( 78( <H( @7E:Kb.7@:(%V<(;O>:(.:(A=O@BD>=-:;-( ?8B( 9@?7<( %V<
>:?B78F( 78-=( -.78F;( \?;A=<:8(B=_C(%(A=O@B(G:-<H( @7E:;?J78F;( Q8=A789>:?;:B( E>=<( -.:?E=>:<:8-7=8:B( g)4Kh,R-.?-(U&?>@?V(7;(.7;(U=8:VK(
&?>@?(7;(-.:(F7>@(A.=.?;( 8:J:>( >:?@@H( E=>F7JI:8( .7<( E=>( .=A( -.:HG>=S:( ODK( &?>@?( 7;( -.:F7>@( A.=( 7;( :-:>8?@7;:B78( .7;( <:<=>H( GH( .7;FO7@-K(&?>@?(7;C(<=;-(B:EI787-:@HC(.7;(=8:K(
%( B=8V-( F:-( [:?@=O;Q:?;7@HR( GO-( %( ?@;=( B=8V-@7S:( -.:( 7B:?( -.?-( %V<)34( <7@:;( ?A?H( 78$7><78F.?<(A.7@:(&?>@?7;( B=A8( -.:( >=?BC( D:>I;=87EH78F( ;=<:( -HD:( =E789=<D@:-:( :MD:>7:89:-.?-(>:fO7>:;(?G;=@O-7=8G:E=>:(;.:(9?8(G:(DO-(-=>:;-K(
`?J78F( ;?7B( -.?-C%VJ:( B:97B:B( -=( @:?>8E>=<( 7-K( !?-.:>( -.?8;->:;;( ?G=O-( ;=<:-.78F78:J7-?G@:C( %( ;.=O@BE=9O;(=8(-.:(>:?@7-H(-.?-.:( @=J:;(<:K( c8B( =99?I;7=8?@@HC( %( A=8B:>(A.?-7-(A=O@B(G:(@7S:(-=(G:(78&?>@?V;( D@?9:( I( -.:( 7B:?-.?-( %(.?J:(.?B(;O9.(?87<D>:;;7J:( 7<D?9-( =8;=<:=8:V;(@7E:(-.?-(-.:H9?8( 8:J:>( E=>F:-( <:( 7;;:>7=O;@H(;:BO9-7J:C(GO-?-( -.:(:8B(=E( -.:(B?HC( %>:9=F87;:( -.?-( %( ;.=O@B8:J:>(O8B:>:;-7<?-:(<H=A8( 7<D?9-K( cE-:>( ?@@C.=A:J:>(<:<=>?G@:(.7;D?;-(<?H(G:C(%(?<(:M?9-I@H(A.:>:(%(A?8-(-=(G:e(78.7;(D>:;:8-K(
J#3*J#$-./, B-BB($%*-B,3&*("#$*-1<
(,E$KKK
L$-(&/*-1<*@$-3&'
21C,&$*#A,4*&/$*$<"&,A
!"#"$%&%'(!"#$!%&'()*)+() ),-.(/01"2$"!(3445 !"!"##*+,%-"& 67-.(89:;<(6:7=.-
./-01&2+3(+41'5%#"
>8??06"@"/ .9A( B;CD9<E( =;<DF( 9<E( -.D( G;<=FB;GE(H7<-D:(<7=.-A(9:D(AD-I-7<=(7<(;<(JAK($J-(H97-L(/;<DDE( -;( M:9ND( -.D( B;GEH7<EAF( G;<=( OJDJDA( 9<EM9EGP( E:DAADE( A-:DD-A( ;Q$7:C7<=.9C(-;(Q7<E(A;CDD<-D:-97<CD<-K( RJA-( A-7BS;<(-.D(C9=7B(M;T(7<(P;J:G7N7<=(:;;C(9<E(D<U;PK
#:K(VJ<-.D:(H9A(M9BS-.7A( HDDS( 7<( !"#$%&'()*+,-+./'01$$*F(E7AADB-I7<=(C;:D(H7GG7<=(CDCMD:A;Q( -.D( WEDBD9ADEX( =D<D:9GYJMG7B( 9<E( B:DDY7<=( ;J--.D( C;:D( ;TP=D<9-DE( ;QJAK( %@C( AJ:D( VJ<-.D:@ADTYD:7CD<-A( 9:D( :D9GGP7<Q;:C9-7ND( -;( 9<P( <;<ICDE7BAF( 9<E( P;J( B9<@-ED<P( 7-@A(Y:D--P( B;;G( ADDI7<=( 9( B:;AA( ADB-7;<( ;Q( 9:D9G(M;EPF(MJ-(H9A(7-(UJA-CD( -.7<S7<=( -.9-( .D( .9E
-;( Q:DDZD( A;CD;<D( 9<E-.D<( A9H( -.DC( 7<( .9GQ( -;=D-( -.D:D[( \.9-@A( A;H:;<=( 7-A( <;-( DND<( ND:=I7<=( ;<( DEJB9-7;<9GGP:7=.-K( 0<D( YD:A;<( H.;H9A( D<U;P7<=( .7CADGQF.;HDND:F(H9A(#D<<7AF(-.DC;EDGF( H.;( Q;:( :D9A;<AJ<MDS<;H<( -;( CD( W9<EY:;M9MGP(.7CX(H9A(<9SDE-.:;J=.;J-( -.D( H.;GDY:;=:9CCDF( DND<( H.D<=D--7<=( -.D( >D7CG7B.C9<;DJN:D]( ^;;:( G7--GD=JPK
$9BS( 7<( -.D( H;:GE( ;Q-.D( G7N7<=F( _-DY.D<( `:P9<E(-.D(23 DGNDA(7<A7A-(;<Q7GG7<=(CP(.D9E(H7-.(JADIGDAA( MJ-( Q9AB7<9-7<=S<;HGDE=DF( H7-.;J-( -.D97E( ;Q( 9<P( -PYD( ;Q( A9HK( %;Q-D<( -.7<S( -.9-( 7-( H;JGEMD( 9C9Z7<=( -;( .9ND_-DY.D<(`:P( 9A(P;J:(E9EK!D9GGPF( %( CD9<( P;J@E( MDE;7<=( A;CD-.7<=( B;CIYGD-DGP(CJ<E9<D( AJB.( 9A-P7<=( 9( A.;DG9BDF( MJ-( 7-H;JGE( MD( 7<-D:DA-7<=( 9AA;CD( G7--GD( S<;H<( Q9B-9M;J-( -.D( -P7<=( ;QA.;DG9BDA( 7<( ),5+( H;JGEDCD:=D( Q:;C( _-DY.D<@AC;J-.(9<E(D<G7=.-D<(P;JK
6.D-.D:( P;J@:D( ;<\D9C( $:7-<DP( ;:( <;-F( 7-@AE7QQ7BJG-( -;( A-9P( 9H9PQ:;C( -.D( CDE79( B9:B:9A.-.9-( -.D( Q;:CD:( -DD<( A-9:.9A(MDB;CDK(\1(B9<(<DND:
DTYDB-( -;( SDDY( JY( H7-.H.9-($:7-I$:7-(7A(E;7<=F(9A7-( JAJ9GGP( 7<N;GNDA( G;A7<=BJA-;EP( ;Q( .D:( S7EA( 9<E:J<<7<=(A;CD;<D(;ND:(;<9( E97GP( M9A7AK( &.9<<DG( aM:9NDGP( -:7DE( 7<( 4,5#.+'(6770 #8+0 195:&K( \.D( Y:;I=:9CCD( :D9GGP( B;<Q7:CDEH.9-( -.D( H;:GE( 9G:D9EPS<;HAb( -.9-( $:7-<DP( 7AY:D--P( CJB.( 9( B;CYGD-DCD<-9GF(H.;(H9A(AB:DHDEJY( MP( .D:( :DE<DBS( Y9:ID<-A(9<E(B.7GE(A-9:E;CK( %H;JGE( A9P( J<GJBSPF( MJ-( %G;ND( H9-B.7<=( -.7A( Q:D9SIA.;HK( 29PMD( &.9<<DG( aB;JGE( E;( E97GP( $:7-<DPJYE9-DA](UJA-(9(-.;J=.-K
60-"+7''8"1
9'55"":+!"0+'1+;''&"+<'="(>
%` -.D( B;GE( 9<E( =:DP( 7AMD=7<<7<=(-;(EDY:DAA(P;JFBG;AD( -.D( BJ:-97<AF( A7-( ;<P;J:( A;Q9( 9<E( 7=<;:D( -.D;J-A7ED( -.7A(HDDSF(H7-.(9QD9A-(;Q(\1(EDG7=.-AL(
^:D-D<E( 7-@A( -.D( AJCICD:(9<E(P;J@:D(;QQ(-:9NDGIG7<=( MP( 9BB;CY9<P7<="H9<( 2BV:D=;:( 9<E( .7AC9-DF( &.9:G7D( 7<( ;'(?<0*+@'A( W/B(C0*:+D8=:,,9EXK(\;<7=.-(-.DP(-:9NIDG(-.:;J=.('D<P9(;<(-.D7:C;-;:M7SDAF(M:7<=7<=(H7-.7-( A;JG( AD9:B.7<=F( M:D9SIE;H<A( 9<E( =;9-( AG9J=.I-D:7<=( c( <;-( ;<D( Q;:( -.DAOJD9C7A.L
6.;( E;DA<@-( D<U;P<%5"+/A08+F/B(C0*:+G8=:9H0(("#+ IJ[( \.7A( HDDSADDA(9(C;-.D:(;Q(Q7NDF(H.;AY;7GA(.D:(S7EA(:;--D<(9<EGD-A( -.DC( :;9C( Q:DD( G7SD-.D(B:7--D:A(-.DP(H7GG(Y:;MI9MGP(-J:<(;J-(-;(MDF(AH9YG7NDA( H7-.( 9( E7B-9-;:79GC;-.D:( H.;( MDG7DNDA9EJG-A( A.;JGE( .9ND( B;CIYGD-D( B;<-:;G( ;ND:( -.D7:;QQAY:7<=@A( G7NDAK( dDAFP;J@GG( Y:;M9MGP( -.7<S
P;J@ND( ADD<( -.7A( DY7A;EDMDQ;:DF( MJ-( A;CD.;H( 7-ADDCA( P;J( B9<@-( =D-D<;J=.( ;Q( H;CD<( A.;J-I7<=(MDB9JAD(-.DP@:D(MD7<=C9ED(-;(=D-(JY(9-(+9C(-;-9SD( -.D( B.7GE:D<( -;AB.;;G(W;J-:9=D;JALXK
@%&80-KH"&+ FL'(C0*:G8=:+9H0(("#+IX(7A(=;7<=-;(-:P(9<E(A-;Y(P;J(E:7<SI7<=(&;B9I&;G9F(9A(7-(DTY;AIDA(Y:;MGDCA(H7-.(7-A(D-.7IB9G(9<E(C;:9G(;MG7=9-7;<AK8YY9:D<-GPF(-.7A(7A(9(A-;:P-.9-(7A(PD-(-;(.7-(-.D(.D9EIG7<DAF( A;( YD:.9YA( -.7AB;JGE(Y:;ND(9(eH9-D:(B;;GID:@(C;CD<-(;<(\JDAE9PL
%Q( P;J( .9ND<@-( C9<I9=DE( -;( B9-B.( -.D( <DH
AD:7DA( ;Q M'1C'(N0=&"*O&+ 6%-KH"(P%?H-=01"&+ F!B"&C0*:D8=:+9H0(("#+IX(-.D<(E;A;L( $:7-97<@A( Q9N;J:7-DBDGDM:7-P( B.DQ( -:9NDGA9M:;9EF(-;(.DGY(A-:J==G7<=:DA-9J:9<-A( 7<( .;--D:( BG7IC9-DAK( "TYDB-( 9( G;-( ;QAHD9:7<=( 9<E( Y:;M9MGP-.D( ;EE( QG9A.( ;Q( 2:!9CADP@A( -;:A;( 9A( .DB9AJ9GGP( -9SDA( ;QQ( .7AA.7:-( -;(YJ-(;<(.7A(B.DQ@A;ND:9GGAK( >D@A( G7SD( AJYD:IC9<](S7<E(;QK(
%Q( P;J@ND( H9-B.DE( 7-;<BD(;:(7Q(P;J@ND(H9-B.DE7-( -D<( -7CDAF( P;J( B9<@-.DGY(MJ-(QDDG(9(H9:C(=G;H9-(-.D(D<E(;Q(7'A+-'+#''Q?''C+(0Q"C+F<"C("&C0*:G8=:+ 9H0(("#+ IJK( V;S69<( H;:SA( .7A( C9=7B( ;<PD-(9<;-.D:(Y;;:(A;JG(H.;<DDEA(9(B;<Q7ED<BD(M;;A-9GG( H7-.;J-( YG9A-7B( AJ:I=D:PK(>JZZ9.L
%-@A(UJA-(MDD<(-;;(G;<=H7-.;J-( @1+ <H'K( %Q( P;J9:D( QDDG7<=( Y9<=A( ;Q( G;AA-.D<( B9-B.( 9( :DYD9-( Q:;CH.D<(^7YD:(H9A(A-7GG( QG7:-I
7<=( H7-.( \D<<9<-( ;<R1%C0*:+ S8=:+ ,,9TK( \.7AHDDSF( -.D( EJ;( 9:D( 7<( 9.9J<-DE(.7=.(AB.;;GF(H7-.A-:9<=D(M9-IG7SD(MD7<=AK(%QP;J(.9ND<@-(ADD<(7-F(7-@A(9=;;E(eJ<K(
>9ND( 9( =;;E( HDDS( -DGGPI.D9EAL
60-"+/B=="1&
<'1-H+U+;''QVVV
20%!8 _-J9:-( H9A( -.D( Q7:A-( 8Q:;I&9:7MMD9<( QDC9GD<DHA:D9ED:( ;<( -DGDN7A7;<K( >;HDND:F( A.D( .9A( <;HMDD<(A9BSDEK(2;7:9(A9PA(7<(:DG9-7;<(-;(.D:(9<BDA-;:A-.9-(A.D(7A(9(-:JD(fC;<=:DG(g(9<E(Y:;JE(;Q(7-hK(2;7:9.9A( Q:DOJD<-GP( MDD<( 9-( -.D( D<E( ;Q( GDAM79<( :JC;J:A9<E(C9<P(MDG7DND(.D:(-;(MD(7<(9(:DG9-7;<A.7Y(H7-.(^9-_-( &GDCD<-( ;Q( )9&#).;+,& e^9-( $J-B.D:@( Q9CDK( 2;7:9.9A( <DND:( ED<7DE( -.7AF( MJ-( .9A<@-( :D9GGP( DND:( MDD<OJDA-7;<DE(;<( 7-K( ( \.D($$&( :DQJADE( -;( B;CCD<-(;<.D:(A9BS7<=(-.;J=.(C9<P(-.;J=.-(7-(H9A(MDB9JAD(;Q.D:(9=DK(%(G7SD(.D:(.97:K
`0!( ADND<-DD<( J<Q;:=D-I-9MGD( PD9:A(HD( 9GG( G;;SDEQ;:H9:E(-;(-.D(B.;:JA(;QFf;;;.F( $PSD:F( $PSD:F$PSD:(V:;NDF(PD9.hF(Y:;MI9MGP( -.D( C;A-( Q9<-9A-7B-.DCD(-J<D(;Q(9GG(-7CDK(
\.D( A.;H( 7-ADGQ( ( H9AM9A7B9GGP( -.D( ;<GP( -7CD-.9-( 9<P;<D( E;H<( A;J-..9E(DND:(.D9:E(9(VD;:E7D9BBD<-( ;<( -.D( -DGGPF( ;J-IA7ED( ;Q( !"70 <5+;+,&+8+.=
>+#K( `;:( 9( S7EA( A.;HF( -.DA-;:P( G7<DA( HD:D( Y:D--P.9:E( .7--7<=( 9<E( 7-( EDQ7I<7-DGP( ;J-IE:9C9-7ADE( 7-AHJAAP( B;J<-D:Y9:-?,9.-+0@5::K(
_.;BS7<=( A-;:P( G7<DA7<BGJEDE( V:D=( Q9GG7<=Q:;C( -.D( :;;Q( ;Q( -.DV:;ND( 9<E( MD7<=( Y9:9GIPADE( Q:;C( -.D( H97A-E;H<F( VD;QQ( 'D9=D<@AED9-.( 7<( 9( =9A( DTYG;A7;<F9<E(^R(MD7<=(MG7<EDE(7<(9Y97<-M9GG7<=( 9BB7ED<-K( %-H9A<@-(9GG(M9E( -.;J=.F(9A7-( H9A( 4'A+,0 ?,$B+0 -.9-AY9H<DE( ei4A( Y;Y( eM9<E@^R(9<E(#J<B9<(W-.9-@A(8<-9<E( #DB( MDQ;:D( -.DP( Q7=IJ:DE( ;J-( H.9-( -.DP( HD:D=;;E( 9-XF( H.;( .9E( -.DJ<Q;:=D--9MGD(.7-(C+#D&0?+#1+9;'0E$018"*F:+K(0-.D:$PSD:(9GJC<7( 7<BGJED(=7:G9M;J-(-;H<(#;<<9(87:(9<E9B-:DAA( R7GG( >9GQYD<<PF
H.;( .9A( A7<BD( 9YYD9:DE7<(M;-.(G$,$.9#5$.0H#,++#9<E()9&#).;+,&K(
0-.D:(-.9<(MD7<=(YJ:DD<-D:-97<CD<-F( 4'A+,?,$B+ -9J=.-( JA( -.9-9B-7;<A(9GH9PA(.9E(B;<ADIOJD<BDAb(H.D<(-.D(=7<=D:;<D( .9E( B9AJ9G( .;G7E9PADTF(A.D(=;-(Y:D=<9<-F(9<EH.D<( A;CD( S7EA( YG9PDEH7-.( Q7:DH;:SAF( -.DPD<EDE( JY( AD--7<=( Q7:D( -;-.D(V:;NDK( %-( UJA-(=;DA( -;A.;H(-.9-(<;(QJ<(H9A(.9E
H7-.;J-( :DYJ:BJAA7;<AK6.D:D( DGAD( B;JGE( S7EAGD9:<(9M;J-(ADT(9<E(E:J=A9<E(:DBD7ND(AJB.(-7CDGDAA9EN7BD( 9A( fE;<@-( M:7<=E;<SDPA(7<-;(-.D(V:;ND[hK
R%'(0+9''8"1
M'#C"(+W#C%"+_8#( <DHA( -.7A( HDDS( 9A-.D( 9B-:DAA( H.;( YG9PDE)9&#).;+,@A( /9<9( 2;;<W>7GE9($:97EX(Y9AADE(9H9P9-(-.D(9=D(;Q(5+K(_.D(E7DEOJ7D-GP( 7<( .D:( AGDDYF( 7<B;CYGD-D( B;<-:9A-( -;( .D:-7CD( ;<( AB:DD<F( H.D:DA.D( H9A( 9( -;-9G( :9N7<=G;;<K(!%^(/9<9(2;;<K
\.D(ADND<-.(AD:7DA(;Q3D*0 !0 G+:+F,5#'0 ?+#0 I+6"#0 670 @+,+ A-9:-DE( -.7AHDDSF( MJ-( MDQ;:D( -.DPDND<(C9ED( 7-( -;( -.D( UJ<I=GDF( ;<D( eBDGDM:7-P@:D9G7ADE( H.9-( 9( C7A-9SD.D@E( C9ED( 9<E( E:;YYDE;J-K( 29GB;GC( 2B?9:D<FQ;:CD:( _DT( ^7A-;GA( C9<I9=D:F(A97E(.D(.9E(<D7-.D:-.D((e-7CDF(Y9-7D<BDF(7<BG7I<9-7;<F( Y9AA7;<F( H7GGF7<-D:DA-( ;:( DTB7-DCD<-@K27<;:( Q9B-;:A( AJ:DGP[>9ND( <;( QD9:( -.;J=.( 9AHD@GG(A-7GG(=D-(-;(H9-B.(-.DG7SDA( ;Q( 8<<9( !PED:I!7B.9:EA;<F( R9<7BD#7BS7<A;<( 9<E( 9( H.;GD.;A-( ;Q( ;-.D:A( H.;( %@ND<DND:( .D9:E( ;Q( H:DA-GDH7-.(A<9SDAF(9<E(-.D(Y9:-;Q( -.D7:( M:97<( -.9-( C9ED-.DC(-.7<S(-.7A(H;JGE(MD9(=;;E(7ED9K(\DGDN7A7;<(9-7-A(C;A-(A9E7A-7BK(dJCK
\.D( $$&F( 7<( PD-9<;-.D:( =:D9-( Y7DBD( ;QB;CC7AA7;<7<=F( .9ND9<<;J<BDE( YG9<A( -.7AHDDS(Q;:(-.D(-D9C(MD.7<EAJB.( e=DCA@( 9A( H#,5/#:'G$*+0 J9./5.- 9<E( !.'J,+9*0 <5:::0 J$ -;( Y:;IEJBD( G8$5,0 <9,&K( \.D<9-7;<@A( 3jF444( B.;7:A
H7GG(M9--GD(Q;:(-.D(-7-GD(;Q&.;7:( ;Q( -.D( dD9:K^D:A;<9GGPF( %( QDDG( 9( A.;H-7-GDE( G8$5,0 <9,& H;JGEMD(Q9:(C;:D(AJBBDAAQJG(7Q7-( 9B-J9GGP( =9ND( -H;B.;7:A( 9( -9<S( 9<E( A;CDM;CMA(9<E(G7-D:9GGP(.9E(9H9:( 9=97<A-( -.D( ;-.D:B.;7:K( 8-( -.D( D<E( ;Q( -.D.;J:(A.;HF(-.D(;<DA(H7-.-.D(C;A-(A;Y:9<;A((7<-9B-H7<L( \.D( G;A7<=( -D9C( ;QB;J:ADF((9GG(=D-(MG;H<(JYK
8CD:7B9<( -DGDN7A7;<H:7-D:A( .9ND( =;<D( ;<A-:7SD(-.7A(HDDS(;ND:(Y9P:;HAF( Q;:B7<=( ADND:9GA.;HA(-;(A-;Y(Y:;EJB-7;<9<E( :DYD9-A( -;( 7CCDE7I9-DGP( A-9:-( MD7<=( A.;H<K29<P(Q9C;JA(<9CDA(.9NDU;7<DE(-.D(H:7-D:A(;<(-.DY7BSD-( G7<DAF( AJB.( 9ARJG79<<D( 2;;:DF( !;M7<67GG79CA( 9<E( \7C!;MM7<AF(MJ-(-.D(\1(B;CIY9<7DA( 9:D( A7<S7<=( -.D7:BG9HA(7<(MP(Q7:7<=(-.D(Y:;IEJB-7;<( A-9QQ(J<ED:<D9-.-.D(H:7-D:A(-;(C9SD(-.DCQDDG(e=J7G-P@K(
?;::97<D( 'DGGP( .9AMDD<( M9<<DE( MP( .D:V2\1( M;AADA( Q:;C( Q7GCI7<=( 8AE9( \1( 9END:-AF( 9A-.DP( E7E<@-( H9<-( -;( :7ASC;:D( B;<-:;ND:APKk<Q;:-J<9-DGPF( <;( ;<D=9ND( -.D( _Y7BD( V7:GA( -.DA9CD(9EN7BDF(9A(-.DP(B9<<;H(MD(ADD<(A.;YY7<=(7<\DAB;( Q;:( 9GG( -.D7:&.:7A-C9A(<DDEAK
>;GGP(67GG;J=.MP(.9A9EC7--DE(=;7<=(;<(E:7<SI7<=(M7<=DA(J<-7G( j9C( -.DC;:<7<=( MDQ;:D( Y:DAD<-I7<=(S7EA@( A.;H(IK6KIK 9-i9CK( >;GGP( H;JGE( AJYIY;ADEGP(=;(A-:97=.-( Q:;C-.D( .;-DG( M9:( -;( -.D( A-JIE7;(9<E(-.7A(7A(9YY9:D<-GPH.P(A.D(N;C7-DE( G7ND(;<97:(;<(;<D(DE7-7;<(;Q( -.DA.;HK( /;H( -.9-@A( Q9:C;:D( <DHAH;:-.P( -.9<VJ7GE(&;J<B7GK
P 0 = " X 2 ; 7 : 9_-J9:-
U?"X+j+
/-01+/%?(X+?D;
W K K B 8 0 - % ' ( X`;:CD:( <DHA:D9ED:
R 0 $ ' B 1 % - "U(%=0#X$7-B.
!H"&"&%(?"1&01"1"0C*-'+5%?H-
/H"O##+H0$"-'+&H'8"#&"AH"1"
!"#$!%&'()*)+(! ),-.(/01"2$"!(3445!""#!#$%&'()*&+,
-')./0 !"#$%&''()*%$"#+,-#.%"/%01'%2$'3'%,'%)4%3'$,'%"/%5$60671%4206+8 1'*&,2$3&*)01"!( 67( 89:;<=>( -.6?@AAB(67(4)+543%&6+,78'3C 96$, :.*, 97> ";&+, C"<;6+, =>?@.*, AA2BCD$=9>:AE(97>(F-9GAE(=A-H=7
;=<I( -.A6=( .<7AEI<<7DJH-(6-(6?(7<(@A>>A>(J:6??D9?( $=9>:AE( :<?A?( .6?( K<JLM<@ANA=( .A( I979OA?( -<;67>( 9( 7A@( <7A( 9?( 979??6?-97-( I9=BA-( 67?PAGQ-<=L( R?( O=97>I<-.A=( <;-.A( EA9=D( S9-D( <;;A=?( .A=O=97>?<7( 9( .9NA7D( %97( 6?9>9I97-(-.9-(F-ANA7(><A?7<-( JA:<7O( 67( R:JA=-FTH9=AL( 'AN67( 6?( ?.<GBA>-<( ;67>( -.A( G9=( :<-( .9?JAA7(-=9?.A>(97>(@.A7(.AOA-?( -.A( ;6=?-( :<-( <;( G9=?;=<I( S.6:( .A( @<7>[email protected]=( -.AE( 9=A( B<?.A=L'7<@67O( S.6:D( 6-U?( ><HJ-Q;H:V( [email protected]:AD( >6=-EQ><O$6::E( .9?( 9( IE?-A=E@<I97L
WP( 7<=-.( 672'6'3)5$'3, -56&&5, 78'3DE&%D, 96$, F, -;3, =>?@.*G"#BX(-.67O?(9=A(>A;676-AQ:E(7<-(G.6::E(9?(16<:A-(97>Y9I6A(.<-(HPD(JH-(9O=AA(-<BAAP(6-(9(?AG=A-(H7-6:(-.AE-A::( FA97L( M<@ANA=D( FA97.9?( 9( J<IJ?.A::( <;( .6?
<@7(9?(.A(.9?(>AG6>A>(-<JA(9(>9>(-<(-.A(J9JE(97>7<-( KH?-( -.A(><7<=L(#<7U-=A9>( -.6?( 6;( E<HU=A( A9-67OJH-LLL( &:96=A( B6??A?( 'AN67-.6?(@AABV(Z.6?(O=6I(-H=7<;( ANA7-?( .9PPA7( 9;-A=&:96=A( OA-?( >=H7B( 9;-A=( 9?67O:A?( 76O.-( 97>( 'AN67G<IA?(-<(P6GB(.A=(HPL((R::6?( 7<-( :<?-( -.<HO.( 9?R?.:AE( 97>( &:96=A( O6NA-.67O?(97<-.A=(O<L(
":[email protected]=AD( [6\( ;679::E.9?( ?H?P6G6<7?( 9J<H-Y<.7( ]@.<( ?H=A:E( G97U-JA:6ANA(.6?(:HGBX(97>(F9::E9?( ?.A( G9-G.A?( .6I( 67( 9G<IP=<I6?67O( ?6-H9-6<7L8<7>A=( .<@( .A( @6::( OA-<H-( <;( -.9-( <7A^(R7>( -.A>AN6:D(?<==ED(#9N6>(P:97-?9( ?AA>( <;( ?H?P6G6<7( 67F9=9.U?(I67>L(
#<@7( 67( 1'HH/')I+78'3J96$, K>?@.*, 2LCD89==A7( 6?( J:9IA>( ;<="N6??9(JH=767O(><@7D(JH-.A( -.A7( ?A-?( <H-( -<( ;67>-.A( =A9:( GH:P=6-L( Z.6?
><A?7U-(-9BA(:<7O(9;-A=(.A<NA=.A9=?( F-AD( 7<-( -.A?.9=PA?-(-<<:D(J<9?-67O(-<Y<?.L( M9779.( =A-H=7?.<IA( -.6?( @AAB( -<( ;67>
$A-.( -.A( GA7-=A( <;( 9--A7Q-6<7L( #A:6O.-A>( ;<=( -.AG.97GA( -<( OA-( -.67O?( <;;.6?(G.A?-D(A-A=79:(I<97A=Y9BA( 9GGAP-?( 29:9G.EU?67N6-9-6<7( -<( K<67( .6I( 9--.A( !97-( &:HJ( @.A=A( .AA7>?( HP( <7( ?-9OAL( $H-ANA7(-.A(G=<@>(G97U-(JA9=-<( .A9=( .6I( ]@.9-( 9J<H--.A( =A?-(<;(H?VX( 97>(.A( 6?J<<A>( <;;L( _<A( @<7>[email protected](?.A(.9?(:A-(.A=?A:;(67;<=( 9?( ?.A( -=6A?( -<( >6=AG-F-AP.( 67(.A=(P=<I<-6<79:;6:IL( $A-( -.9-U?( 97(0?G9=Q@67767O( PA=;<=I97GAV8.6:A(#9==A7(N<@?(-<(TH6-O9IJ:67O( 9;-A=( GA:AJ=9-Q67O(.6?(@67( 9-( -.A( G9?67<@6-.( YA??6G9D( JH-( G97( .A=A?6?-( @.A7( ?.A( <;;A=?.6I(<7A(I<=A(76O.-(<H-^(
S<<=( <:>( '9=:( 6?9==A?-A>( 67( M&$(<N';6+78'3J96$, B>LO.*, FO>?O.*, AA2BC JH-( OH6:-Q
=6>>A7( ?AG=A-9=E( ;=<I.A::D( YH:69D( ;67>?( -.AG<H=9OA( -<( G<7;A??( -.A-=H-.L( Z.A( IE?-A=6<H?!6:AE( 6?(=AH76-A>(@6-.(.6?;9I6:E( JH-( -.67O?( -H=7?<H=(@.A7(.A(;679::E(G<7Q;A??A?( .6?( 7A@( G9=AA=P=<?PAG-D( 97>( -.9-U?( 7<-9::(!6:AE(.9?(JAA7(BAAP67O;=<I(-.AIL(8<=?-(I<-.A=ANA=( '6=?-A7( =A-H=7?( -<!9I?9E( F-=AA-( -<( G:96I26GBAED(JH-(?<<7(=A9:6?A??.A( I6O.-( .9NA( -<( ;6O.-;<=(.6I(?<(?A-?(9(P:97( 67I<-6<7(-<(B6>79P([email protected]:AD( P9=A7-?Q-<QJA&9=IA::9( 97>( 0:6NA=?-=HOO:A( -<( >A;67A( -.A6=;=6A7>?.6P( :6I6-?L( 8<H:>-.A?A(-@<(KH?-(OA-(-<OA-.QA=(9:=A9>EV
P&++$Q),4)63+<)R
8%ZM ?HG.( 9( O<<>( ?A:AGQ-6<7( <;( ;6:I?( <7( Z1( 7A`-@AAB( -.A=A( =A9::E( 6?( 7<P<67-( 67( ;<=B67O( <H-( ;<=G67AI9( 9>I6??6<7L( ( &H:-;9N<H=6-A( S'33$&, S)6I']-)5;6%)/D, T>?@.*DAA2UX( -.A( ?-<=E( <;( 9-AA79OA( 9><:A?GA7-( @.<.9?( .9::HG679-6<7?( 9J<H-9( O697-( =9JJ6-D( 6?( 9( >A;6Q76-A( IH?-( ?AAL( ( F-9==67O;9N<H=6-A?( ?HG.( 9?( Y9BAaE::A7.99:D( #=A@$9==EI<=A( 97>( S9-=6GBF@9E\AD(-.A(;6:I(6?(J<H7>-<( IA??( @6-.( E<H=( .A9>97>( :A9NA( E<H( -.67B67O;<=(>9E?L
UB, V6)*+, 7-;3%)/DT.*D,2<)33&H,LC 6?(9(=A9:M6?P976G( -=A9-D( >6=AG-A>JE( R:AK97>=<( a<7\9:A?%79==6-HL( ( Z.A( ;6:I=ATH6=A?( G<7GA7-=9-6<7>HA(-<(-.A(?.6;-67O(79==9Q-6NA( PA=?PAG-6NA?D( JH-( 6-?G<IP:A`(P:<-(@.6G.(>A9:?@6-.( >=HO( 9>>6G-6<7( 6?A7-.=9::67OL(Z.A=A( 6?(9:?<97( 9::Q?-9=( G9?-( 67G:H>67O/9<I6( 89--?( ]@6-.( .A=G=9\E( J6O( 76PP:A?X( 97>FA97(SA77L
[<=(9::(-.A(bA<(:<NA=?<H-( -.A=AD( "<&, A&)Q<78'3%)/D, BB>L@.*DG"#BC 6?(9(>A:6O.-L((#977E$<E:AU?( 9>9P-9-6<7( <;R:A`(a9=:97>U?(7<NA:(@9?9( =A9:( .6-( >A-96:67O( -.A9>NA7-H=A?( <;( J9GBP9GBQA=?(67(Z.96:97>L(bA<79=><
#6( &9P=6<( =A9::E( ><A?G9==E(-.A(;6:I(9?(.A(?-HIQJ:A?( 9G=<??( 9( P9=9>6?A:97>(97>(?-=6P?(<;;( ]@.9-9(-=A9-VX
&9-A($:97G.A--(PH-?(67EA-(97<-.A=(;9JH:<H?(PA=Q;<=I97GA( ]97>(9(@<7>A=Q;H:(9GGA7-X(9?(.9=>Q.6--67OK<H=79:6?-( #&6'3$Q)V;&6$3, 7E&%3&+%)/DBB>B@.*D, AA2BCL( ( Z.A;6:I( G.9=-?( -.A( :9?-( )+I<7-.?(<;(1A=<76G9U?(:6;A:A9>67O(HP(-<(.A=(IH=>A=LY<A:(FG.HI9G.A=U?(>=9I9I9>A(<7(9(:<@(JH>OA-(6?(9=A9:( %=6?.( 9;;96=D( G<Q?-9=Q=67O(0?G9=(@677A=($=A7>9[=6GBA=L((Z.6?(<7A(6?(>A;6Q76-A:E(@<=-.(9(@9-G.L
8.9-( JA--A=( @9E( -<A7>(-.A(@AAB(-.97(G.AGBQ67O( <H-( 9$6'+,7 ;9N<H=6-Ab6?9( 'H>=<@( 67( W'*/, F8$Q<&HH&X+, 1$(<, -Q<''HW&;3$'3, 796$%)/D, B@.*D4LCL( (Z.A(;6:I(6?(9(:9HO.Q<H-Q:<H>( G<IA>E( .6-( [email protected].( !<IE( ]'H>=<@X97>( 26G.A::A( ]P:9EA>( JE8<<>E( R::A7U?( ;9NA( 26=9F<=N67<X( 9--AIP-( -<( ;<<:A`QG:9??I9-A?( -.9-( -.AE.9NA( I9>A( 6-( J6O( 67( -.A@<=:>L((
F<(-9BA(E<H=(P6GB(97>A7K<E(-.A(@AABV
"'*,4%R)6%+
#$%&'()*&+
b"ZUF ;9GA( 6-D(@A(@A=A( 9::OA--67O( 9( :6--:A( -6=A>( <;883( ?.<<-A=?L( 8AUNA:97>A>( <7( 0I9.9( 97>?-<=IA>($A=:67(97>(>=6NA7J9--9:6<7?( <;( -97B?-.=<HO.( ":( R:9IA67( ?<I97E( -6IA?( -.9-( @AU=AP=9G-6G9::E(O=6\\:A>(NA-A=Q97?(<H=?A:NA?L(%-(G<IA?(9?9(@A:G<IA(?H=P=6?AD(-.A7D-.9-( %7;676-E( 89=>( .9NA-9BA7( 9::( -.A( A`G6-AIA7-97>( 9>=A79:67AQ;HA::A>9G-6<7( @AUNA( G<IA( -<A`PAG-( ;=<I( -.A( :4))% "/;#0* ?A=6A?( 97>( -=97?QP:97-A>( 6-( 67-<(9(I<>A=7D
9:JA6-( ;6G-6<79:D( ?A--67OLZ.A(=A?H:-( 6?(9(=A;=A?.67O-9BA(<7(9(P=<NA7(;<=IH:997>( 9( NA=E( ?-=<7O( G<7Q-A7>A=( ;<=( a9IA( <;( -.AcA9=L(
Z.A( ;6=?-( -.67O( E<HU::7<-6GA( 6?( -.9-( -.A( O9IA:<<B?( 67G=A>6J:AL( MA9N6:E67?P6=A>( JE( I<>A=7( @9=;6:I?( ]<1$''% =6+87 97>>4$1'4, ?AAI( :6BA( -.AI<?-( <JN6<H?( GH:P=6-?X:";?U?(N6?H9:?(9=A(O=967ED@9?.A>(<H-(97>(J:A9BL([email protected]:A( -.A( O=9P.6G?( 9=A9I<7O( -.A( JA?-( @AUNA?AA7( -.6?( EA9=D( -.AE( 9=A
9:?<( -.A( ?I<<-.A?-L( Z.A;=9IA=9-A( 7ANA=( ;9:-A=?ANA7( @.A7( A`P:<?6<7?D=6G<G.A-67O( JH::A-?( 97>A7AIE(G<IJ9-97-?(;6::(-.A?G=AA7L( %-U?( ?6IP:E( 979I9\67O( -AG.76G9:9G.6ANAIA7-L(
MA9N6:E( ?G=6P-A>( ?A-QP6AGA?( .9NA( 9:@9E?( JAA7-.A(?A=6A?U(J=A9>(97>(JH-Q-A=( 97>( :";? HP?( -.A97-A(9PP=<P=69-A:E(@6-.(9?:A@( <;( IAI<=9J:A( 97>A`.6:9=9-67O( A`PA=6A7GA?L[=<I( -.A( <PA767O( I6>Q76O.-( 9??9H:-( <7( 9( =967Q?:6GB(-97BA=(-<(-.A(.9H7-Q
67O( ?-A9:-.( I6??6<7-.=<HO.( 97( 9J97><7A>97>( =9>6<9G-6NA&.A=7<JE:D( -.A( O9IA( .9?E<H( =<9=67O( ;H::Q-.=<--:A;=<I(A7G<H7-A=(-<(PA=;AG-A7G<H7-A=L(R7>D(@.6:A(-.AO9IA(6?(=6O6>:E(:67A9=D(-.AA`PA=6A7GA( 6?( ?<( <[email protected]:I67O(97>(?<(PA=;AG-Q:E(P9GA>(-.9-(E<HU::(.9=>Q:E(7<-6GAL(
2H:-6P:9EA=(6?(ATH9::E;97-9?-6GL( FG<=67O( P<67-?@6::(A9=7(E<H(P=<I<-6<[email protected].(67(-H=7(:A9>(-<(7A@@A9P<7?( 97>( PA=B?( ;<=E<H=( G.9=9G-A=L( %-U?( 97
!SaQ:6BA(?E?-AI(-.9-(P=<QN6>A?( 9( =A9:( 67GA7-6NA( -<BAAP( P:9E67OD( JH-( 7ANA=;AA:?(H7;96=(;<=(-.<?A(KH?-?-9=-67O(<H-L([H=-.A=I<=AD-.A=AU?(9(.HOA(7HIJA=(<;I9P?( 97>( 97( H7P=AGAQ>A7-A>( :ANA:( <;( GH?-<I6Q?9-6<7( -.9-( A7?H=A?( 9;=A?.(A`PA=6A7GA(A9G.(97>ANA=E(-6IA(E<H(:<9>(6-(HPL(
Z.A( <7:E( =A9:( 6??HA@6-.(:";? 6?(-.9-(-.A(?67QO:A( P:9EA=( G9IP96O7( 6?( 9:6--:A( ?.<=-D( :9?-67O( -.A9NA=9OA( P:9EA=( ?<[email protected]=A( JA-@AA7( ;6NA( 97>?ANA7(.<H=?L(Z.6?(6?(I<=A
-.97(I9>A( HP( ;<=( JE( -.A?-A::9=( IH:-6P:9EA=( G<IQP<7A7-D( JH-( ?67O:A(P:9EA=;97?(I9E(JA(:A;-(;AA:67O(9:6--:A( ?.<=-QG.97OA>L( F-6::D-.A=A( 6?( 7<( >A7E67O( -.9-:";? -=HIP?( 9:I<?-ANA=E( <-.A=( O9IA=A:A9?A>( -.6?( EA9=( <79:I<?-(ANA=E(:ANA:L(%-(=A9:Q:E(6?(-.9-(O<<>L(
2)HH, 'Y, S;5/, LZ, 8'%&63E)6Y)6&[N'\,?K@D,]-?D,]29$6+5,]&6+'3 -<''5&6S&^&H'.&6%7;676-E(89=>];NH$+<&6 RG-6N6?6<7
_UT>TT,J,_LT>TT
!
A6$3($3(,%'R3,5<&,<';+&Z,;+&,2L,&\.H'+$^&+,5',Q'*.H&5&,/';6,'N`&Q5$^&+ "<&,)Q5$'3,$+,2'SL,$+,Y)+5,)3% Y6&3&5$Q
!"#$%&#'&(&##)*&#+,#$-&./$01# 2# 3)..+$# (&'&'4&(56!#78891#4:$# 2# ,&&;# <),&=.# <)0=.*1# =$# ':<$# %)>&4&&.# )# *;:'# <:''&(# ,+();;#?.*;=<%#,++$4);;#,).<@
A%=;&#$%&#B&C:4;=3#+,2(&;).D# ')D&# =$# $+# $%&A+(;D# E:C# -=$%# $%&=(?.*;=<%# A+(;D# E:C# -=./.=.*# ').)*&(1# ?.*;).DF<3(+C# # :.D&(# G()%)'")0;+(F<# ,;)-&D# ;&)D&(/<%=C# -&(&# +.# $%&=(&H$&.D&D# %+;=D)0<@# "%&?.*;).DF<# ,).<# -&(&# ;&,$4(:=<&D#).D#4+(&D#+.#$%&<&$$&&#-)$3%=.*# $%&# ;=I&<+,# B:<<=)# ).D# J;&*6);&.I+#<')<%# ,=>&#*+);<C)<$# E)'&(++.# ).DK(=<$+# 6$+=3%I+># 3)((0L:;*)(=)# $+# $%&# M:)($&(/,=.);<@
6:(&;0# ).D# %+C&,:;;0,+(# ?.*;).DF<# ,).<# $%=<-=;;# .+$# 4&# $%&# 3)<&# $%&.&H$#<:''&(N
5.,+($:.)$&;01# =,B:<<=)#*&$#<=H#C+=.$<#,(+'$%&=(# .&H$# $-+# *)'&<)*)=.<$# 2<()&;# =.#"&;#!>=>).D#)*)=<.$#4+$$+'#+,#$%&$)4;&# !.D+(()1# =((&<C&3/$=>&# +,# ?.*;).DF<# (&<:;$<1=$#-=;;#4&@
!,$&(# O3;)(&.# $)I&<%=<#'&.#$+#!:<$(=)#,+(#$%&'+<$# C+=.$;&<<# +,# ,(=&.D/;=&<# +.# P(=D)01# %=<# $&)',)3&# E(+)$=)# )$# A&'4;&0$%&#,+;;+-=.*#A&D.&<D)01<),&# =.# $%&# I.+-;&D*&$%)$# $%&0#')0# 4&# $++# +.$%&=(# %+;=D)0<# =.# Q:4)=).D# O):(=$=:<1# ()$%&($%).# 4)$$;=.*# =$# +:$# =.6-=$R&(;).D#).D#!:<$(=)@#
A%)$# %)<# %)CC&.&D$+#$%&#S*+;D&.#*&.&()$=+.F+,# G&(()(D1# T)'C)(D1"&((01#B++.&01#J-&.#).DE+N#2<#=$#O3;)(&.N#2<#=$#$++').0# ,+(&=*.&(<# =.# +:(=.3(&)<=.*;0# &H3=$=.*D+'&<$=3# *)'&N# J(# =<# =$$%&#,)3$#$%)$#$%&<&#C;)0&(<<&&'#$+#4&#,&)(,:;#()$%&($%).# C(+:D# -%&.# $%&0-&)(#$%&#$%(&&#;=+.<N
2# D+.F$# I.+-# ).D-%=;<$# ').0# +$%&(<# );;+>&(# $%&# 3+:.$(0# D&4)$&$%&#<)'&#=<<:&1#.+$#').0+$%&(<# D+# &=$%&(@# A%)$# 2D+# I.+-# =<1# =,# -&# ,)=;# $+M:);=,0# ).D# $%+<&# 4:(;01C(+:D# 63+$<# .+($%# +,# $%&4+(D&(#<+'&%+-#4&)$#$%&(&=*.=.*# A+(;DE%)'C=+.<# ).D# 4++I$%&=(# C;)3&# )$# $%&
? : ( + C & ) .E%)'C=+.<%=C<1# $%&.# =$-=;;#')I&# ,+(# +.&# +,# $%&-+(<$# <:''&(<# +,# '0;=,&@# U+$# 4&3):<&# 2# %)$&$%?+$<1#,)(#,(+'#=$1#4:$C)($;0# 4&3):<&# V)C)($,(+'#%)$=.*#+:(#*:$<#).D;+>=.*# $%&# C(&D=3)'&.$-&#,=.D#+:(<&;>&<#=.W#$%&0&C=$+'=<&# &>&(0$%=.*#+:(.)$=+.F<# ,++$4);;&(F<# ,)=;$+@#
"%&# 6XT# ')0# 4&<%+3I=.*;0# C++(# =.# 3+'/C)(=<+.# $+# $%&# X(&'=&(T&)*:&1# 4:$# $%&# 63+$<:.D&(#,=(<$;0#A);$&(#6'=$%).D#(&3&.$;0#!;&H#O3;&=<%%)>&# <%+-.# )# $+*&$%&(/.&<<# ).D# C(=D&# $%)$# =$-+:;D# 4&# (&,(&<%=.*# $+<&&# +:(# ,)(# '+(&# S$);&.$/&DF# 3(+C# +,# =.D=>=D:);<D=<C;)0#)<#)#$&)'#).D#,+()# .)$=+.1# )# ,++$4);;=.*')D# .)$=+.# -%+# <+# D&</C&()$&;0#3()>&#,++$4);;=.*<:33&<<# +.# )# .)$=+.);<3);&@
P+(# $%=<# <:33&<<# $+3+'&# )$# ?:(+# YZZ[# .&H$<:''&(#-+:;D# 4&# )# $:(.)(+:.D# '=()3:;+:<# =.3+'C)(=<+.# $+# L(=).!<%$+.F<# (:*40# 4+0<# =.
P().3&@# L:$1# -%=;&# $%&?.*;).D#(:*40#$&)'#D=D#=$$%(+:*%# +(*).=<)$=+.1&,,+($1#D&$&('=.)$=+.#).D)# <%&&(# -=;;# $+# C;)0# ,+($%&'<&;>&<# ).D# $%&=(.)$=+.1# $%&# ,++$4);;&(F<-=;;#.&&D#<+#':3%#'+(&@
"%&0# -=;;# .&&D# ).2<()&;=# C&(,+(').3&)*)=.<$# B:<<=)# $%=<6)$:(D)0# -=$%+:$# <$)(C&(,+('&(1# T=>&(C++;F<\+<<=# L&.)0+:.1# -%=3%-+:;D#<$=;;#*=>&#?.*;).D#)3%).3&@# V!.# 2<()&;=# D()-+(# >=3$+(0W@# 2,# $%=<1# %)C/C&.&D1# $%&.# ?.*;).D-+:;D# <$=;;# %)>&# $+# 4&)$E(+)$=)#+.#)#.&(>&/-()3I/=.*# +33)<=+.# +,# '+':./'&.$);# <=*.=,=3).3&# )$A&'4;&0@# A%)$# C(=3&# )Q)>=D# L&3I%)'# ,(&&/I=3I-=$%# <&3+.D<# $+# <C)(&N\+:#3).#+.;0#D(&)'@
B&);=<$=3);;01# ?.*;).D)<# )# $&)'# ).D# :<# )<# ).)$=+.# <%+:;D# 4&# &HC&3$/=.*# $%&# -+(<$1# 4&3):<&D&<C=$<()&;#+.;0#;+<=.*+.&#*)'&#)$#%+'&#=.#$%=<M:);=,0=.*# 3)'C)=*.1B:<<=)#:.D&(#$%&#<$&-)(D/<%=C#+,#$%&#$)3$=3);#')&</$(+1# G:<# K=DD=.I1# <%+:;D
+>&(3+'&# )# C++(# 2<()&;=<=D&@
2,# $%=<#-&(&# $%&# 3)<&1-%&(&# -+:;D# $%=<# ;&)>&:<N#A&;;1#2#3).#<),&;0#<)0#2-=;;#.+$#4&#>=<=$=.*#]]L#$+C=3I# :C# '0# 63+$;).D<%=($@# 2.<$&)D1#0&$#)*)=.# 2-=;;# 4&# ;&,$#-+.D&(=.*#)<).# ?.*;).D# ,).1# -%0# $%&&HC&3)$=+.# ).D# $);&.$.&>&(# ')$3%# $%&# (&<:;$<
).D# <='C;01# -%0# D+# -&.&>&(#3:$#$%&#':<$)(DN#
T&$F<#%+C&#$%=<# =<#.+$$%&# 3)<&# ).D# $%)$# ),$&(,=.=<%=.*# +:(# &H)'<1# 0+:).D#2#-=;;#4&#=.#]+&<#=.#+:(?.*;).D# <%=($<# -=$%# C=.$=.#%).D#3+'&#]:.&@#L:$1#2-+:;D#.+$#*&$#0+:(#%+C&<:C#=,#2#-&(�+:@
B?QLB2E^#7_7[#! 7`$%#UJa?OL?B#YZZb "#$%&!"
V!"#$%&'(")&*+!,&-+./0Q:(%)'F<# C)$=&.3&# C)=D+,,#$%+:*%#)<#)#<;=3I#$%(&&C)<<#3+:.$&(#)$$)3I1#<$)($/=.*# -=$%# $%&# *+);I&&C&(1&.D&D#-=$%#)#*+);#,+(#6)'E%=<%+;'@# L=('=.*%)'1I.+-=.*# Q:(%)'# %)D&.D&D# L56!# 3%)'C=+.<?D=.4:(*%F<#$-+#0&)(#-=./.=.*#<$(&)I#c:<$#;)<$#-&&I1-&(&# I&&.# $+# ,+(3&# $%&=<<:&# $%&'<&;>&<1# 4:$).H=&$0# <&&'&D# $+# C(&/>&.$# $%&'# D+=.*# <+# ).D$%&# *)'&#D&<3&.D&D# =.$+)# <3()CC0# ),,)=(# -=$%':3%# 3+.*&<$=+.# =.# $%&'=D,=&;D@
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
"%&# $-+# <=D&<# $()D&D,:($%&(# *+);<1# -=$%# L)I&(<$(=I=.*# )*)=.# ;+-# ).D(=*%$# +,# $%&# *+);1# 4&,+(&%);,#$='&#-)<#3);;&D#).D#)$%).I,:;#L=('=.*%)'#<=D&$++I# )# -&;;/D&<&(>&DD(=.I# I.+-=.*# $%)$# $%&0-&(&#+.;0#_/Y#D+-.#-=$%/+:$# C;)0=.*# ).0-%&(&.&)(# )<# -&;;# )<# $%&03+:;D@#
!<#$%&#$&)'<#;=.&D#:C)*)=.#).D#+.&#L(:'#'=D/,=&;D&(# <%+:$&D# +:$# S"%=<=<#+:(#*)'&F1#$%&(&#-)<#),&&;=.*#$%)$#<%&#-)<#(=*%$).D# $%)$# L=('=.*%)'-+:;D# *+# +.# $+#-=.@# \&$1$%=<#.&-#,+:.D#%+C&#-)<<++.# &()D=3)$&D# 40# $%&,=(<$# +,# Q:(%)'F<# <&3+.D%);,# <=H# *+);<@6:(C(=<=.*;01# =.# 3+.$()<$$+# %&(# ,):;$;&<<# ,=(<$# %);,D=<C;)01# =$# -)<# G):.$# =.$%&#%+'&#$&)'F<#*+);#-%+
-)<#$+#4;)'&1#)<#%&(#C)<<,)=;&D# $+# 3;&)(# $%&# (=D=3:/;+:<;0# $);;# Q:(%)'# .:'/4&(#$-+#-%+#%)D#).#)*&#$+C=3I# %&(# <C+$# ,(+'# &=*%$0)(D<#+:$@#"%=<#3)'&#c:<$4&,+(&# $%&# ')():D=.*J;=>=)# 6%)-# 3+.>&($&D).+$%&(# Q:(%)'# C&.);$0-=$%#)C;+'41# ;&)>=.*# ;)<$<&)<+.F<#L56!#<&'=/,=.);/=<$<# ).D# &>&.$:);# $%=(DC;)3&D#$&)'#-=$%#)#'+:./$)=.#$+#3;='4@#
L=('=.*%)'1# D:&# $+<+;=D# D&,&.D=.*# ,(+'$%&=(# +CC+.&.$<1# <&&'&D$+#,=.D#=$#D=,,=3:;$#%+;D=.*
$%);;#=.#)$$)3I1#0&$#<$=;;%)D#&.+:*%#*:=;&#$+#,)<%/=+.#)#,&-#3%).3&<#=.#-%)$-)<# $%&=(# '+<$# C)$=&.$C)<<)*&#+,#C;)0@#
Q&<C=$&# $%&# 4:<0E%)(;=&# L(+-.F<# 4&<$&,,+($<1# $%&# ;)<$# C)<<);-)0<# <&&'&D# $+# &;:D&$%&'# ).D1# )<# );;# *++D$&)'<# D+1# Q:(%)'# -&.$:C# $%&# +$%&(# &.D# ).D&H$&.D&D# $%&=(# ;&)D# $+# `/Y@#2$#<&&'&D#$+#4&#$%)$#)<L=('=.*%)'# <+:*%$# &>&(%)(D&(# $+# *&$# 4)3I# =.$+$%&# *)'&1# $%&# &)<=&(# =$-)<# ,+(# Q:(%)'# $+# C=3I
$%&=(# -)0# $%(+:*%# ).=.3(&)<=.*;0# <$(&$3%&DD&,&.3&@#
L(:'# )$$&'C$&D# $+4)$$;&# 4)3I1#-=$%# E)C$)=.!;=3&#L(=**<#)*)=.#)#<%=./=.*#&H)'C;&#)<#$%&0#*+$#)3+.<+;)$=+.1# T:30# P+-;&(,=.=<%=.*# -&;;@# K+-&>&(1=$# D=D# .+$# %=D&# $%&# ,)3$$%)$# L=('=.*%)'# -&(&.&>&(# (&);;0# ,=(=.*# +.# );;30;=.D&(<# ).D# -&(&# 4;)./I&$&D# 40# Q:(%)'F<# '=H/$:(&# +,# ,=&(0# ).D# <$=,;=.*C(&<<:(&# ).D# 4;=<$&(=.*C)3&@#
"%&# $&)'F<# 3+)3%
)*(&&D1#).<-&(=.*#$%)$#%&,&;$# '=H&D# &'+$=+.<)4+:$#$%&#+:$3+'&#+,#$%&*)'&@# SA&F>&# %)D# $-+(&);;0# *++D# -=.<# =.# $%&C)<$# $-+# -&&I<# -%=3%# =<-%0#=$F<#%)(D#$+#$)I&#$%)$-&#$%(&-#$%&#*)'&#)-)0@
"%&(&#-&(&# $++#').0'=<$)I&<# ).D# $++# ').03%).3&<#'=<<&DF@# SA&#-=;;-+(I# +.# =$# $%+:*%F# %&3+.$=.:&D1# S)<# $%&(&# )(&').0# ,(&<%&(<# %&(&# -%+.&&D# &HC&(=&.3&# ).D# -=;;4&# ':3%# 4&$$&(# ,+(# =$-%&.#$%&0#%)>&#=$F@
'()*+,-'.%/)0-1()&-2%.0
3)450.0-(66$%&-6%$0-2%.078-9):%$88(-#+),(%8 ;/$&$<-=>-"$$-?.)@
"#$%&8-A*5&$%5)+<-B=5:C-D-'$0-5@-*)-"#$%&8-2.@>)+$E7
F/58-E((CG-'$0-)8C8<-H5++-E(-1(-6):5@>-&/(-*(#%(885@>-%()+5&,-$6-)-8.00(%-E5&/$.&-A@>+)@*-5@-)0)I$%-6$$&1)++-:$0#(&5&5$@-6$%-&/(-65%8&-&50(-5@-6$.%&((@-,()%8J
H5++-5&-1(-/)%*-/)&-&50(-6$%-3:+)%(@J-
!"#$!%&'()*)+(! ),-.(/01"2$"!(3445"#$%&!"'()*+),-&(./0-1+))+),
$6789:-;:(<2=:>()$6?@=-A6BB(<2=:>()$6?@=-A6BB(<2=:>(3C=:D9:E(<2=:>C=:D9:E(<F;8=:>C;;-A6BB(<2=:>()C;;-A6BB(<2=:>(3C;;-A6BB(<2=:>(*C;;-A6BB(<F;8=:>()C;;-A6BB(<F;8=:>(3G;BH()G;BH(3G;BH(*G;BH(IJ;D@=K(<2=:>()J;D@=K(<2=:>(3J;D@=K(<2=:>(*J;D@=K(<2=:>(IJ;D@=K(<F;8=:>()J;D@=K(<F;8=:>(3J;D@=K(<F;8=:>(*J;D@=K(<F;8=:>(IL6DM;??=()L6DM;??=(3/=-A6BB()/=-A6BB(3/=-A6BB(*/=-A6BB(I!NEAK(L=6EN=(<2>()!NEAK(L=6EN=(<2>(3!NEAK(O:9;:(<2>()!NEAK(O:9;:(<2>(3!NEAK(O:9;:(<2>(*!NEAK(O:9;:(<F>PQN6?.(<2=:>(3PQN6?.(<2=:>(*PQN6?.(<2=:>(IPQN6?.(<F;8=:>(3PQN6?.(<F;8=:>(*R6AB=(R=::9?(<2>R6AB=(R=::9?(<F>R=::9?(<2=:>R=::9?(<F;8=:>
&;S=:-MK()?-(L==7?(2=-()?-(/=T8=:()?-(#NM.68()?-(#NM.68()?-(L9:D;B:()?-($.68(D;BB=E=(CR&P()O&"(3:7(22O(&.=?.9M=()?-(U?-;:()?-(L9:D;B:()?-(L;NE.A;M;NE.(3:7(F6MT9D@()?-(/;--9:E.68(3:7(#NM.68()?-($=7H;M7?.9M=()(L;NE.A;M;NE.(3:7(/;--9:E.68(I-.(#NM.68()?-($9M89:E.68(*M7($9M89:E.68(3:7(F6MT9D@()?-(#NM.68()?-(/;--9:E.68(3:7(L;NE.A;M;NE.()?-(0VH;M7()?-(L;NE.A;M;NE.(3:7(P-6HH;M7?.9M=(3:7(/;M-.68W-;:()?-(/;--9:E.68(3:7(#NM.68()?-(&;S=:-MK()?-(F;MD=?-=M(3:7(26:D.=?-=M()?-(/;--?(RM=:-()?-(0VH;M7(3:7(F6MT9D@(*M7U?-;:()?-(F6MT9D@()?-(F6MT9D@()?-(&68AM97E=()?-(L=9D=?-=M()?-(L;NE.A;M;NE.(3:7(
#(I(X(IB6-=B6-=F0/(F0/F()(X(IF(4(X()F(4(X(IL((Y(X()F()(X(5F(3(X(IF(I(X(3F()(X(YF(,(X(4F(Y(X(IF(3(X(IL()(X(IF(Y(X(4F(*(X(3F(4(X(3L(4(X(3L()(X(3L(*(X(ZF(I(X(,L(Y4(X(3,F(3+X3,L(,I(X(3*F(Y)X)*F(),X(3IL(*4(X(4L(IIX()4F(3Z(X(+L(*(X(3YF(*3(X(4F(Y(X(4L(*(X(3L(*(X(3F(4(X(IF(5(X(,L()I(X(*L(4(X(YF()4(X(4L(+(X(3
UCR"!(6(79HH9DNB-(?-6M-(-;-.=(?=6?;:[(T9-.(A;-.(-.=8=:\?( 6:7( -.=( T;8=:\?-=68?( B;?9:E( -.=9M( H9M?--T;( 86-D.=?[( -.=O:9S=M?9-K(;H($9M89:E.68C=:D9:E(&BNA(E;-(A6D@(-;T9::9:E( T6K?( -.9?F=7:=?76K( T9-.( -T;98WM=??9S=( S9D-;M9=?( 6-/;--9:E.68](
R.=( 8=:\?( -=68( 797:;-(E=-(;HH(-;(-.=(A=?-(;H?-6M-?(9:(-.=(?6AM=(86-D.^7=?W9-=( A=9:E( *YX3Y( NWE;9:E( 9:-;( -.=( W=:NB-9X86-=(H9E.-(6:7(?==89:EBKDMN9?9:E( -;( S9D-;MK[$9M89:E.68( H;N:7( -.=9M/;--9:E.68( D;N:-=MW6M-?W6M-9DNB6MBK( 6T@T6M7( -;7=6B(T9-.(9:(-.=(H9:6B(-T;H9E.-?[( =VW=M9=:D9:E?;8=-.9:E( ;H( 6( D;BB6W?=[:6MM;TBK(E;9:E(7;T:(IYXII](
J;T=S=M[(T9-.(?ND.(6?86BB(86ME9:(A=9:E(-6@=:9:-;( -.=( H;9B( 6:7( =W==86-D.=?[( $9M89:E.68@:=T( -.6-( -.=( M=?NB-(T6?S=MK(8ND.(?-9BB(6BB(-;(WB6KH;M]
UBB( -.M==( ;H$9M89:E.68\?( H;9B9?-?W=MH;M8=7(?NW=MABK^(?W=XD96B( 8=:-9;:( 8N?-( E;( -;
R;8( _;--=M-;:[( T.;M=D=:-BK( M=-NM:=7( -;( -.=O'( 6H-=M( M=WM=?=:-9:EGM=6-($M9-69:(6-(-.=(`N:9;M" N M ; W = 6 :&.68W9;:?.9W\?( 9:_M6EN=[( T.;( 6::9.9B6-=7.9?( ;WW;:=:-?[( T9::9:EYX4[(5X3[(YX4](R.9?(8=6:--.6-( $9M89:E.68( -;;@( 6M=B6-9S=BK( :6MM;T( +ZX5,B=67( 9:-;( -.=( =W==]':;T9:E(-.6-(/;--9:E.68T;NB7( .6S=( -;( -6@=( -.=86-D.(-;(-.=8(-;(:6MM;T
-.=( 86ME9:[( $9M89:E.68T=M=( -6D-9D6BBK( ?NW=M9;M[WB6K9:E( 6( W6-9=:-[( 7=H=:X?9S=( E68=[( HMN?-M6-9:E-.=9M( ;WW;:=:-?( 9:-;86@9:E( 89?-6@=?( T.9D.-.=K( T=M=( 6AB=( -;( D6W9X-6B9?=( NW;:](U( IYXI4( S9DX-;MK( T6?( =:;NE.( -;?=DNM=( 6:(;S=M6BB( S9D-;MK;H()*IX)),](
F9-.( ;:BK( -.M==H=:D=M?( <J=B=:(J;BB;T6K["MK:( PW9:B;S=( 6:7J6::6.( $MND=>( 6S69B6AB=[-.9?( 8=6:-( -.=( E9MB?T;NB7(6BB(.6S=(-;(H=:D=(9:=S=MK(?9:EB=(H9E.-](
R.6:@HNBBK[( -.=$9M89:E.68( E9MB?( 867=-.=(8;?-(;H(-.=9M(?NW=M9;MH9-:=??]( R6D-9D6BBK[( -.=
E9MB?(T=M=(?W;-X;:[(D.;;?X9:E( -;( H9E.-( -.=( H;9B( 6:7=W==( H9M?-[( B=6S9:E( -.=?6AM=[( AK( H6M$9M89:E.68\?( T=6@=?-6:7( /;--9:E.68\??-M;:E=?-( T=6W;:[( N:-9B-.=( =:7]( UH-=M( M=D;M79:E=:D;NM6E9:E( S9D-;M9=?( 9:-.=( H;9B( 6:7( =W==(86-D.X=?[( -.=(E9MB?(;:BK(:==7=7=B=S=:(.9-?(9:(-.=(?6AM=(-;?=DNM=( 6:(;S=M6BB( S9D-;MK;H()4+X)4)](
R.=( C=:D9:E( &BNA8==-?( =S=MK( 2;:76K=S=:9:E( 9:( -.=( 0B7( GK8HM;8( +W8( N:-9B( )4W8]"VW=M9=:D=7( H=:D=M?( 6:7-;-6B( A=E9::=M?( 6M=(8;M=-.6:( T=BD;8=( -;( D;8=6B;:E(6:7(.6S=(6(?-6A]
2=:\?(H=:D9:E(D6W-69: `6D@$;-=B=M(6??=??=?(-.=(DBNA?(?-6M-(-;(-.=(?=6?;:
23"4-56"378"
8$/-9$&&(%&$)-:%+,;&<-).%%$1=>-.?$+@+),-&;(-.&&.*A-$B-C$&&+),;./D0-4=(E7.),;$%)F
MAXIMUM effort wasmade to recreate theAmerican sporting experi-ence at the Bournbrookpitch on Saturday, with amarching band openingthe festivities, hot dogsbeing sold; then devouredand cheerleaders gleeful-ly cheering eachBirmingham touchdown.The BirminghamLions, who had the gamekilled off before the half-time show could even getunderway, matched theenthusiasm of the univer-sity to make this a specta-cle. From the momentBirmingham kicked off,the tone of the encounterwas set. The WarwickWolves certainly did notlive up to their nickname -they were toothless inattack and feeble indefence. With their firstpossession they failed tomake a first down andtheir second resulted inan interception. Thesetwo scenarios were onloop for the rest of thegame.Birmingham’s run-ning game served themwell throughout and itwas through this thattheir first touchdowncame: Andy Watson ranthe ball within ten yardsof the Warwick end zoneand Mark Smith curved inwith the next play. Smith,one of the captains, was
the standout performeron the night, scoring twotouchdowns as well askicking numerous PATs(points after touch-downs).Warwick did not makeit out of their own halfagain until after halftimeand in trying to do so,carelessly threw the ballinto Birmingham’s hands.Alex Shennan picked offone such loose pass andran the ball all the wayback to Warwick’s twentyyard line. Mark Smith ranin his and Birmingham’ssecond touchdown of thenight with a run identicalto that which saw himinto the end zone earlieron. Birmingham’s com-prehensive domination ofthe first quarter wassealed with a third touch-down, this time comingfrom a well-flighted passfrom quarterback MattGavin with TundeOgunlesi the recipient asthe Lions stretched theirlead to 20-0.Warwick looked likethey had been introducedto an American footballfor the first time shortlybefore the game. Theiramateurism was exploitedby Birmingham once moreas they dumped theWolves’ quarterback inhis own endzone for asafety, stretching their
lead by another twopoints.After Stuart Paynehad run in another inter-ception for Birmingham’sfourth touchdown of theevening, the Lions wentinto half-time 29-0 infront.Whilst the first halfwent exactly to plan forBirmingham, the half-time show did not for thedance squad.First of all the dancesquad appeared to befrozen in time as they all‘struck a pose’, waitingfor their music to com-mence. This freeze-framebecame comical afterabout twenty seconds andthe girls were finally ableto get their compositionunderway once the indi-vidual in charge of themusic remembered theirduties.After the dancesquad, the Pussycatsswaggered out to begintheir performance. Theroutine was impressiveand the award-winningPussycats dazzled thecrowd with their gymnas-tic brilliance.The second half wassimply a continuation ofBirmingham’s dominanceas the Lions piled on themisery for the Wolves.Warwick’s offensive play-book was hopelesslydevoid of imagination
and the Birminghamdefence ran riot all nightlong. It seemed as thoughevery Warwick driveresulted in a fumble thatgave the Birminghamoffence the ball back. If itwasn’t a fumble then itwas a Greg Freeman inter-ception as the rookie col-lected three on the night.Even the announcerbegan to lose interest andhis comments, irritatinglyomnipresent in the firsthalf, died away.Ed Collins’ magicalrun from Warwick’s kickoff to restart the secondhalf, which he eventuallydropped half a yard fromthe endzone, resulted inthe field position from
which Andy Watson wasable to run in anothertouchdown forBirmingham to make it36-0. That lead wasstretched to 42-0 beforethe end of the third,Birmingham again run-ning in a touchdown, thistime courtesy of BenCowap who had set thetone at the beginning ofthe first half with a longreception and was nowrewarded for his contin-ued battering of theWarwick secondary withthe first touchdown of hisLions career.Many of the support-ers had already left by thetime the highlight of thenight arrived. The light-
ning-quick TundeOgunlesi incisively ran apunt return through theheart of the Warwickteam, marching into theendzone and putting theicing on the cake forBirmingham to make it49-0, which is how itstayed until full time.Birmingham’s domi-nance bodes well for theirupcoming season. Thebuild-up to this matchlasted several days (youcould not escape the play-ers handing out flyers inthe week) but the Lionsmatched the hype and canlook forward to a success-ful year as they go insearch of the perfect sea-son.
REDBRICK 1318 / 16th NOVEMBER 2007 Sport27Lions slaughter tame Wolves
==tthhee======rreeddbbrriicckk====ccrroosssswwoorrdd==
Across1. Rugby formation (5)4. American Disney TV series (6)10. Italian cheese (8)11. 1998 French film starring LucBesson (4)12. Indian musical instrument (5)14. ___ Girls, TV show set in aprison (3)16. Birmingham arena (3)17. Confess, concede (5)20. Encourage, implore (4)21. Adept, talented (8)23. Withstand, oppose (6)24. Rock band with hits such asRadio Ga Ga (5)
=12_3_=45_6_7==_=_=8=_=_=_9=_=_=_=_=_=_0_______=a____=_=_=_===_=__=bc___=de_=__==_=====_==__=f__=g_h_i=__=_===_=_=_=_j___=k________=_=l=_=_=_=__=_=_=_=_=_==m_____=n____=
W Sponsored by Waterstone’s at the University of BirminghamRedbrick 1318Charmian Mansell
Last week’s solutions:eennaabbllee====rreelliicc====ll====tt==oo==uu====oossttaammeenn==sseellddoommii==bb====aa==tt==oo====ffll==aaiimm==oorreeggaannoovv==mm====uu==ii==yy====rreevvaa==eeppoocchh==ppeettrr====ss==gg==hh====aa==aassoorrcceerryy==nnaatt==bbtt====rr==aa==ss====rr==llooffffeenndd==ppoolliiccyynn====aa==ee==oo====oo====eenneemmyy====ttaauuttoouu
Think you’ve cracked it? Pop yourcompleted crosswords (andbribes, naturally) in to theRedbrick office with your NAME,COURSE, YEAR, EMAIL andTERM-TIME ADDRESS for a chanceto win the coveted £10Waterstone’s voucher for use atthe University branch. The deadline for this issues’scompetition is Tuesday 20thNovember.The winner from the previousissue is Jo Harlow, Drama &Theatre I. Come down to theRedbrick office to collect yourprize!
Down2. Mediterranean island (6)3. Crucial, pressing (6)5. Large deer (3)6. Enlarge, swell (6)7. Home of The Simpsons (11)8. Talent, originality (5)9. Impressive, striking (11)13. ___ Age, 2002 computer- ani-mated film (3)15. 2001 film starring Will Smith(3)16. Phoenix ______, British comedystarring Peter Kay (6)17. Lower leg joint (5)18. Cocunut flavoured rum (6)19. ______ apple, carnival treat (6)22. Morse code distress signal (3)
AmericanFootball VsWarwick49-0
The Lion sleeps tonight: members of the sixty-strong squad take a well-deserved rest during the Bournbrook encounter Photo: Seb Tucknott
George Kotschy saw theLions take on WarwickWolves at xpLosION onSaturday
!"#$!%&'()*)+(! ),-.(/01"2$"!(3445"#$%&!"
670!8'()*+,-.,/0.%1.,/231)#4&5$&&.,/231)&$)&2+67$%8
0.%1.,/231)694362)64--+66
0/( 89:;<=>( :?:@A@BC( =;
-.:( D@A?:E;A->( 6FGE-
$AEHA@B.=H( =@@G9@I:E
I=JJ:<( G9-( -.:( @=H:;( GK
-.:( IGHF:-A@B( FJ=>:E;C
A@IJ9<A@B( =(LGEJ<( E=@M:<
@9HN:E( )3C( -.:( 9@<:EO)5
$EA-A;.( 0F:@( I.=HFAG@
=@<( -.:( 6G9-.( PKEAI=@
@9HN:E()(;::<C(A-(;::H:<
;-E=@B:( -G(N:(;-=@<A@B(=-
-.:(29@EGL(;FGE-;(I:@-E:
;Q9=;.( IG9E-;R( $9-( =K-:E
=JJC(-.:(H=-I.(-.=-(L=;(-G
9@KGJ<( L=;( =( FE:HA:E
;Q9=;.( J:=B9:( S76TU( KAVO
-9E:R(
PEG9@<( )44( F:GFJ:
L:E:( B=-.:E:<( -.:E:( -G
L=-I.( D6$W;( -.AE<( EG9@<
H=-I.( GK( -.:( ;:=;G@
=B=A@;-( -.:( /GE-.:E@
XEG9F( P( ;-E9BBJA@B( @:LO
IGH:E;( "@:EBA:( YA-@:;;
!:<<A-I.R(
8.:( KAE;-( H=-I.:;( G@
IG9E-( L:E:( -.G;:( GK( -.:
@9HN:E( G@:( =@<( -LG
;::<;R( YGE( $AEHA@B.=HC
9@<:EO;-E:@B-.(S.=?A@B(-G
FJ=>( LA-.G9-( -.:AE( LGEJ<
@9HN:E( 3Z( [G:>
$=EEA@B-G@UC( -.A;( L=;
6-:?:( &GFFA@B:EC( E:-9E@O
A@B( -G( -.:( -:=H( KGE( .A;
KAE;-(76T(H=-I.(GK(-.:(;:=O
;G@( =K-:E( E:I:@-J>( N:A@B
IEGL@:<( 6G9-.( PKEAI=@
/=-AG@=J( &.=HFAG@C( =@<
-.:( >G9@B( 2G.=H:<( "J
6.GEN=B>R
&GFFA@B:E( =@<
!:<<A-I.W;( #=?A<( $=E@:--
L:E:( KAE;-( G9-( G@( IG9E-C
LA-.( &GFFA@B:E( JGGMA@B
K=E( HGE:( KGI9;:<( =@<
=BBE:;;A?:( A@( -.:( L=EHO
9FR(PK-:E(=(;JAB.-J>(-:@-=O
-A?:(;-=E-(KEGH(NG-.(FJ=>O
:E;C(&GFFA@B:E(FEGI::<:<
-G( -=M:( -.:( KAE;-( -LG
B=H:;(GK(-.:(H=-I.R(
\GL:?:EC( =K-:E( J:=?O
A@B( -.:( IG9E-( A@( =@B:E( =-
-.:( E:K:E::W;( <:IA;AG@C
$=E@:--(JGGM:<(HGE:(IGHO
KGE-=NJ:( A@( -.:( -.AE<
B=H:C( LA@@A@B( -.:( KAE;-
FGA@-(LA-.(=(<:K-J>(FJ=>:<
<EGF(;.G-R(P-(B=H:(N=JJ(-G
$=E@:--C( &GFFA@B:E( .A-( =
;.G-(N:JGL(-.:(-A@C(BAK-A@B
$=E@:--( -.:( B=H:( =@<( =
JAK:JA@:(A@(-.:(H=-I.R(
%@(-.:(KG9E-.(B=H:C(=;
$=E@:--(G@I:(HGE:(-GGM(A-
9FG@(.AH;:JK(-G(I.=JJ:@B:
-.:(E:K:E::C(&GFFA@B:E(J:-
.A;( K=;-OF=I:<C( =--=IMO
HA@<:<( ;Q9=;.( <G( -.:
-=JMA@B( =@<( L:@-( G@( -G
-=M:( -.:( B=H:( )3O)4( =@<
-.:(H=-I.(*O)R
7J=>A@B(;AH9J-=@:G9;O
J>( G@( -.:( =<]=I:@-( IG9E-
L=;( $AEHA@B.=HW;( @9HO
N:E(-LG(;::<C(;AV-::@O>:=E
GJ<( 2G.=H:<( "J
6.GEN=B>R( 6-AJJ( ;-9<>A@B
KGE( .A;( P6( J:?:J;( =-
2AJJKA:J<(;I.GGJC(=@<(LA@O
@:E( GK( 9@<:E( )^( =@<
9@<:E( )5( $EA-A;.( 0F:@
-A-J:;C( 6.GEN=B>( I9-( =@
AHFG;A@B( KAB9E:( G@( -.:
IG9E-R(
\A;( GFFG@:@-(L=;( @G
F9;.G?:E(_(LGEJ<(@9HN:E
*`( [G@=-.=@( ':HFR
\GL:?:EC(;.GLA@B(KJ=;.:;
GK( NEAJJA=@I:( -.=-( <:KA:<
.A;( =B:( N9-( A@<AI=-:<( .A;
.9B:( FG-:@-A=JC( .:( LG@
-.:(H=-I.(*O)R
PK-:E( -=MA@B( -.:( KAE;-
B=H:( ZO^C( "J( 6.GEN=B>
JGGM:<( IG@KA<:@-( A@( -.:
;:IG@<R( ':HF( =FF:=E:<
-G( N:( -G-=JJ>( E=--J:<C( =@<
Q9AIMJ>( L:@-( `O4( <GL@
BA?A@B( =L=>( =( IG9FJ:( GK
L:=M( FGA@-;( N>( .A--A@B
N:JGL( -.:( -A@R( 8.:( KAK-.
FGA@-( L=;( =@( :V=HFJ:( GK
"J( 6.GEN=B>W;( =BAJA->( =@<
;F::<(=EG9@<(-.:(IG9E-R(
':HF(L=;(<GHA@=-A@B
-.:( 8( N9-( 6.GEN=B>(H=@O
=B:<( -G( .A-( =( LG@<:EK9J
KGE:.=@<( A@-G(-.:(@AIM(-G
-=M:(-.:(FGA@-(-G(-.:(E=FO
-9EG9;( =FFJ=9;:( GK( -.:
IEGL<R(
\GL:?:EC( .A;( GFFGO
@:@-(;.GL:<(-.:(F=-A:@I:
GK( =( HGE:( :VF:EA:@I:<
FJ=>:E( =@<( BG-( .AH;:JK
N=IM(A@-G(-.:(B=H:(=-(,O*C
LA-.( =( ;9F:ENJ>( FJ=>:<
<EGFO;.G-C( J:=?A@B( -.:
=BAJ:("J(6.GEN=B>(LA-.(JA-O
-J:(I.=@I:R
':HF(L:@-(G@(-G(-=M:
-.:(B=H:C(N9-("J(6.GEN=B>
M:F-(.A;(@:E?:(A@(=(;:EA:;
GK( NE:=-.-=MA@B( E=JJA:;
=@<( -GGM( -.:( @:V-( -LG
B=H:;C( ZO^C( )3O)4( H:=@O
A@B(=(*O)(?AI-GE>(G?:E(=JJR
8.:( @:V-( :@IG9@-:E;
K:=-9E:<( !:<<A-I.W;( :VO
D@A?:E;A->(GK($AEHA@B.=H
;-9<:@-( [=>HA:( \=>IGIM;
-=M:(G@(D6$W;( [G:J(\A@<;C
=( I9EE:@-( 9@<:EBE=<9=-:
=-($AEHA@B.=H(=@<(aGEJ<
D@A?:E;A->( NEG@b:(H:<=JO
JA;-R
8.A;( L=;( =@G-.:E
:@-:E-=A@A@B( H=-I.C
A@?GJ?A@B( ;GH:( ;IA@-AJJ=-O
A@B( FJ=>( =@<( HGE:( =EB9O
H:@-;( N:-L::@( -.:( E:K:EO
::;(=@<(-.:(FJ=>:E;R(8.:E:
L:E:(;GH:(-G9B.(J:-(I=JJ;
-G( N:( H=<:C( H=@>( GK
L.AI.( -.:( FJ=>:E;( IG9J<
@G-( =BE::( G@( =@<( \A@<;
:?:@(E:K:EE:<(-G(G@:(<:IAO
;AG@(=;(=(c-G-=J(K=EI:dR
#:;FA-:( -.A;C( \A@<;
<GHA@=-:<(-.:(H=-I.C(.A;
;-E:@B-.( =@<( =NAJA->( -G
-=M:(-.:(N=JJ(:=EJ>(FEG?A@B
-GG( H9I.( KGE( .A;( GFFGO
@:@-C( =@<( -.:( :@<( E:;9J-
L=;( =( *O4( LA@( -G( D6$C
:@;9EA@B( G?:E=JJ( ?AI-GE>
A@(-.:(-A:R
/:?:E-.:J:;;C( -.:
IEGL<( E:H=A@:<( KGE( -.:
-LG( KA@=J( H=-I.:;R
$AEHA@B.=HW;(LGEJ<(@9HO
N:E( )3( T=9E=( T:@B-.GE@O
2=;;=EGC( L.G( <A<@W-( JG;:
=(B=H:(KGE(D6$( J=;-(>:=EC
-EAFF:<( 9F( 3O*( =B=A@;-
LGEJ<( @9HN:E( )Z( [=IJ>@
\=LM:;( A@( =@( :FAI( N=--J:
-.=-(J=;-:<(`,(HA@9-:;R(
a.AJ;-C(-.:(KA@=J(B=H:(;=L
$AEHA@B.=HW;( PJA;-=AE
29-I.(LA@(N>(<:K=9J-R
aA-.( =( `O)( LA@
LE=FF:<( 9F( KGE
$AEHA@B.=HC( L.AI.( ;::;
-.:H( HG?:( -G( ;:IG@<( A@
-.:( -=NJ:C( -.:( :?:@A@B
:@<:<( =@<( -.:( IEGL<;
<A;F:E;:<R( P( -E9J>( :@-:EO
-=A@A@B(;F:I-=IJ:(L=;(LA-O
@:;;:<(N>(=JJ(-.:E:(A-(A;(=
;.=H:( -.=-C( LA-.( .9B:
@9HN:E;( GK( ;-9<:@-;
-9E@A@B( G9-( -G( L=-I.( -.:
PH:EAI=@( KGG-N=JJ( =@<
E9BN>(9@AG@( -:=H;C(HGE:
<G(@G-(IGH:(-G(L=-I.(-.:
.AB.:;-( ;-=@<=E<( GK
;Q9=;.( =?=AJ=NJ:( A@( -.A;
IG9@-E>R
#=@( 1A@I:C( 1AI:O
&=F-=A@(GK( -.:(D@A?:E;A->
;Q9=;.( IJ9N( ;=A<( -.=-( cA-
A;(=@(=H=bA@B(GFFGE-9@AO
->(KGE(:?:E>G@:(=-(-.:(9@AO
?:E;A->( -G( LA-@:;;( ;9I.
BE:=-( Q9=JA->( ;Q9=;.R( a:
.GF:( -.=-C( A@( -AH:C( ;9I.
.AB.(IJ=;;(;9II:;;(LAJJ(N:
E:IGB@A;:<dR
!:<NEAIM( 0@JA@:W;( @:L( 6FGE-;( "<A-GEC( [G@=-.=@
XAJN:E-C(=;M;(L.>(D6$(6Q9=;.(K=AJ(-G(B:-(-.:(E:IGB@AO
-AG@(=@<(-.:(K=@;(-.=-(-.:>(<:;:E?:
8\"( NA--:E( IGJ<( L:=-.:E
H=<:(<:K:=-(H9I.(LGE;:
-G(-=M:(G@(a:<@:;<=>(=;
-.:( D@A?:E;A->( GK
$AEHA@B.=H( LGH:@W;
T=IEG;;:( -:=H( ;J9HF:<
-G(=(?=JA=@-C(AK(@G-C(<A;=FO
FGA@-A@B( <:K:=-( -G
#9E.=H(D@A?:E;A->(=-(-.:
8E=IM( 7A-I.R( 8.:( IG@<AO
-AG@;( L:E:( @:?:E( IG@O
<9IA?:( -G( =( KJGLA@B
H=-I.( =@<( A-( ;JGLJ>
N:I=H:( =( N=--J:( =;( -G
L.G(IG9J<(N:;-(<:=J(LA-.
-.:( $AEHA@B.=H( LA@-:E
I.AJJR( %@( -.:( :@<C( A-( L=;
#9E.=H(L.G( -EA9HF.:<C
LA@@A@B( ZO*( -G( J:=?:
-.:H( ]GA@-( -GF( GK( -.:
$D6P( aGH:@W;( 7E:HA:E
T:=B9:(=K-:E(KA?:(B=H:;R(
8.:( IG@<A-AG@;( L:E:
E:KJ:I-:<( A@
$AEHA@B.=HW;(;-=E-(-G(-.:
H=-I.C( L.AI.( <A<( @G-
.:JF( -G( L=EH( -.:( .:=E-;
GK(-.:(K:L(;F:I-=-GE;(-.=-
NE=?:<( -.:( .=E;.
@GE-.:EJ>(LA@<R(aA-.(]9;-
;:IG@<;( FJ=>:<C( I=F-=A@
PJAI:( $EABB;( L=;( E:<
I=E<:<C( =( M:>( <:IA;AG@
-.=-(;::H:<( -G(.=@<( -.:
=L=>(;A<:(-.:(:=EJ>(AHF:O
-9;( =@<( ;:-( -.:( -G@:( GK
-.:(KAE;-(.=JKR(T:<(N>(-.:AE
GL@( I=F-=A@( 8AKK=@>
T=M:C(#9E.=H(IG@KA<:@-O
J>(HG?:<(-.:(N=JJ(=EG9@<
-.:(FA-I.(A@(=@(:@<(-G(:@<
GF:@A@B( :VI.=@B:C( E:B9O
J=EJ>( -=MA@B( 9F( <=@B:EO
G9;(FG;A-AG@;(N:.A@<(-.:
BG=J(=@<(H=MA@B(;9E:(-.:
$AEHA@B.=H( <:K:@I:C
H=E;.=J:<( N>( !=I.=:J
a=JM:EC(;-=>:<(GEB=@Ab:<
=@<( IG@I:@-E=-:<( =;
L=?:( =K-:E( L=?:( GK
=--=IM;( ;9EB:<( -GL=E<;
-.:AE(BG=JR(
:;5<=5>?@);5)AB'C
>"0)>,.&+)AD3E+%6)FG+8HI)FJ+K&)&$)%./2&H)L$231+8)?D)"2$%M3/EN)"&+O+):$##.,/+%N)P$+D)Q.,86N)RD.)L4&-2NJ34%3)J+,/&2$%,SL3663%$ A2$&$I)P$,3&23,)<3&+
T$1+,U6
J3-%$66+)V6
@4%231
!"#
0+,)T2.&+2+38
'W)R1+%.-3,*$$&M3DD)J.$,6)13X+)1.,-+S1+3&)$4&)$K)T$DO+6
@+K+3&)K$%J3-%$66+/.%D6
