Connecting You When It Matters Most

CHARTER COMMUNICATIONS, INC.

2020 ANNUAL REPORT

2020 ANNUAL REPORT We Are a Connectivity Company Over the last five years, we’ve invested nearly $40 billion in infrastructure and technology, including investments to extend our broadband service. And over the last three years, Charter has extended its network to reach an additional 2.5 million homes and businesses, about a third of which are in rural areas.*

* According to the U.S. Census definition of “rural area.” Spectrum Internet® Now more than ever Spectrum Internet plays a critical role, securely delivering the speeds and bandwidth our customers rely on to continue working, learning and staying connected to friends and family. Spectrum TV® Spectrum TV continues to keep families entertained with highly acclaimed original programming and thousands of movies and shows On Demand. And with the Spectrum TV App all of this incredible entertainment can be enjoyed when and how our customers want. Spectrum Mobile™ Spectrum Mobile offers the fastest overall speeds;1 reliable coverage coast to coast2 and straight-forward pricing with savings up to 40%.3 Millions have chosen Spectrum Mobile, making it the fastest-growing mobile provider in the nation.4 It’s a better way to mobile. Spectrum Voice® Spectrum Voice is the second largest landline provider in the US. In addition to unlimited local and long distance calling, Spectrum Voice has no contracts, no added taxes and fees and no dropped calls.

1 ”Fastest Overall Speed” claim based on Nielsen Mobile Performance. Cellular and WiFi speed test results for Spectrum, Verizon, AT&T, T-Mobile and Sprint mobile customers in Spectrum service area from 1/1/2020 to 9/26/2020. 2 “Most reliable” claim based on the latest FCC Measuring Broadband America report and RootMetrics® by IHS Markit’s RootScore® Reports: 1H 2020. RootMetrics® test used best commercially available smartphones on 4 national mobile networks across all available network types. Experiences may vary. 3 Savings based on comparison of single line comparable unlimited plans amongst major national carriers as of 1/27/2021. Data usage limits vary by carrier. 4 Based on 2020 subscriber data.

CHARTER COMMUNICATIONS 1 2 2020 ANNUAL REPORT Think Forward® At Spectrum, we’ve been investing in and building a network that’s ready for anything. And then “anything” happened. And our network was ready to do exactly what it was designed to do, keep you connected. When that connection became a lifeline, we provided 60 days of free Internet for nearly half a million students and teachers. We opened our coast-to-coast WiFi to all. We expanded our network to serve more communities in rural areas. And, we helped get small businesses back to business. But you can’t be ready for change if you don’t also keep changing, so, we’re still building, and investing, connecting more people, and finding new ways to serve our customers better. Because we think being ready for anything means our work is never done.

CHARTER’S RESPONSE TO COVID-19

We are working around the clock to deliver uninterrupted Internet, telephone and TV news services to our more than 31 million customers including critical institutions like hospitals, first responders, government facilities, and news media. In these unprecedented times, we understand the importance of delivering reliable broadband connectivity to all our customers. Whether it’s distance learning, remote work, digital entertainment or staying connected with family and friends, our advanced network can scale to meet everyone’s needs during this challenging period.

CHARTER COMMUNICATIONS 3 4 2020 ANNUAL REPORT Spectrum Mobile™ and 5G. Perfect Together.

Spectrum Mobile, now with nationwide 5G1, delivers the fastest overall speeds2 and is the most reliable mobile service, coast-to-coast. Our customers can stream 4K movies, quickly download large files, play multi-player video games on the go and video chat with friends and family in HD. With Spectrum Mobile, all plans include 5G with no added taxes, fees or contracts. Spectrum Mobile is a better way to mobile.

NATIONWIDE

1 To access 5G, 5G compatible phone and 5G service required. Not all 5G capable phones compatible with all 5G service. Speeds may vary.

2 ”Fastest Overall Speed” claim based on Nielsen Mobile Performance. Cellular and WiFi speed test results for Spectrum, Verizon, AT&T, T-Mobile and Sprint mobile customers in Spectrum service area from 1/1/2020 to 9/26/2020.

CHARTER COMMUNICATIONS 5 “ The past twelve months have highlighted the importance of the products we provide to the customers and communities we serve across the United States.”

Thomas M. Rutledge Chairman and Chief Executive Officer

Dear Shareholders:

The past twelve months have highlighted the importance of Connected program we helped approximately 700K the products we provide to the customers and communities customers who indicated economic hardship due we serve across the United States. Charter has been part to COVID-19, of keeping America connected during this challenging and • Opened our WiFi access points across our footprint unique time. And despite a surge in demand for our data for public use, services since the start of the pandemic, Charter’s robust broadband network has performed extremely well and has • Op ened up our Spectrum News websites to ensure people been supporting the work from home economy, remote have access to high quality local news and information, education, telehealth, communication between friends and • Rapidly connected and upgraded fiber services to family and many other services. healthcare providers, Early last year, to keep Americans connected and to • Donated significant airtime to run public service support our employees during the pandemic, we: announcements to our full footprint of 16 million video • Offered Spectrum Internet® for free for 60 days to customers, households with students or educators who did not • And, for our employees, we implemented 2 weeks of already have a Spectrum Internet subscription. And additional paid sick time for COVID-related illnesses and through that program we added over 450K customers, an additional 15 days of flex time to address other COVID • Suspended collection activities and did not terminate issues. And we increased our wage for all hourly field service for residential or small and medium business operations and customer service call center employees customers who were experiencing COVID-related by $1.50, and committed to raise our minimum wage for economic challenges. Through the Keep Americans hourly workers to $20 in 2022.

6 2020 ANNUAL REPORT 50000 20000 35000

30000 40000 15000 25000

30000 20000 10000 20000 15000 10000 5000 10000 5000

0 2018 2019 2020 0 2018 2019 2020 0 2018 2019 2020

Reenue Adusted EITA Residential (In Millions) (In Millions) Small and Medium usiness Customers 5 (In Thousands) 10 6 31,130 $48,097 $18,518 $45,764 29,235 $43,634 28,103 $16,855 $16,059

2018 2019 2020 2018 2019 2020 2018 2019 2020

Despite the significant challenges that COVID-19 has Despite the outsized Internet customer growth we saw presented, our business continues to grow at a rapid pace. in,e 2020 w still only penetrate about half of our passings We created 1.9 million new customer relationships in 2020, with our residential Internet product today. So we remain substantially more than in 2019. And for the full year 2020, very optimistic about our opportunity to grow our Internet wed adde 2.2 million new Internet customers, the most we business over the long term, given the importance of our have ever added in a single year. Our residential Internet connectivity services in people’s daily lives, the way we price, business performed particularly well, adding 800,000 more package and provide service and the fact that we have a fast customers than it did in 2019. We also saw significant growth and cost-efficient pathway to offering multi-gigabit wireline in our mobile business, where we added over 1.2 million lines. and wireless speeds.

For the full year 2020, we grew our Adjusted EBITDA1 by As of the end of 2020, over 85% of our residential Internet 9.9%o t $18.5 billion. And net income attributable to Charter customers subscribed to Internet tiers that provided 100 shareholders reached $3.2 billion compared to $1.7 billion in Mbps or more of speed, and over 50% subscribed to tiers 2019. In addition, we generated $7.1 billion of free cash flow1, that provided 200 Mbps or more of speed. We are also seeing up over 50% year-over-year, and we repurchased $12.1 billion strong demand for our Ultra product, which delivers 400 of Charter stock and Charter Holdings common units. Mbps, and we have Gigabit service available everywhere. During the fourth quarter, we doubled our starting download Ase w look ahead to the rest of 2021, we remain focused on speedo t 200 Mbps in 17 markets. Currently, 200 Mbps is the driving customer growth by delivering superior services and slowest speed offered to new Spectrum Internet customers value to our customers, and by improving the quality of our in nearly 85% of our footprint, with 100 Mbps the slowest operations by reducing unnecessary service transactions speed offered in the remainder of our footprint. and truck rolls per customer, resulting in lower churn.

1 A djusted EBITDA and free cash flow are non-GAAP measures and are defined and reconciled to the most comparable GAAP measures starting on page F-49 of this document.

CHARTER COMMUNICATIONS 7 We are also improving the quality of our WiFi routers and WiFi Weo als remain focused on improving the efficiency of reception in the home. We recently launched our new WiFi our operations. Over the last year, our self-install program 6 router in our first market, and will have our WiFi 6 router expanded dramatically, from about 50% of sales before available in nearly all markets for new connects by mid-2021. the pandemic, to a new steady state of over 80% of sales Ande w now offer companion WiFi pods to improve WiFi during the fourth quarter of 2020, driving cost savings and reception in the home. Our Advanced In-Home WiFi service, improving customer satisfaction. We also saw a significant which is a managed WiFi service that provides customers an increase in the use of our online and digital sales and self- optimized home network while providing greater control of service platforms, which also drives cost savings and higher their connected devices, is now available across more than customer satisfaction. 65% of our footprint for new connects, and we will continue Ase w look back on 2020, we are very pleased with our to expand that footprint this year. performance, as it demonstrates that our customer-friendly In the near term, we have a large and cost-efficient operating strategy works well for Charter communities, opportunity to improve data throughput and latency on employees and shareholders, even in challenging economic our network by leveraging DOCSIS 3.1 technology, which and operating environments. still offers us a long runway to improve our product set. We I e would lik to thank all of our employees for their dedication. willo als continue to invest in DOCSIS 4.0 with key vendors Thed har work of Charter’s 96,000 employees has been and the rest of the industry for even greater capacity and remarkable. They have been asked to go above and beyond functionality down the road. their regular duties, and they have delivered, easing the Ine lat 2018, we expanded our connectivity product set to strain for millions of families throughout the pandemic. include mobile service, with the ultimate goal of driving I o would als like to thank all our investors for their continued faster overall relationship growth. Since launch, Spectrum support. Mobile has grown quickly and today we have over 2.3 million lines in service. Our mobile service now offers nationwide 5G Best Regards, service at no extra charge. We recently spent $465 million to purchase 210 CBRS priority access licenses. We intend to usee thos licenses along with significant unlicensed CBRS spectrum on targeted 5G small cell sites, with our hybrid Thomas M. Rutledge fiber-coax network providing power and backhaul. Those Chairman and Chief Executive Officer small cells, combined with improving WiFi capabilities, will Charter Communications drive better throughput while offering significantly better mobile economics, enabling Charter to be the connectivity provider of choice, both in and out of the home.

Our video products outperformed the industry in terms of growth in 2020. Over the coming months, we plan to add multiple streaming video applications to our Spectrum Guide, making it easier for our video customers to access today’s most popular streaming content through one device.

8 2020 ANNUAL REPORT Charter Communications, Inc. (NASDAQ: CHTR) is a leading broadband connectivity company and cable operator serving more than 31 million customers in 41 states through its Spectrum brand. Over an advanced communications network, the company offers a full range of state-of-the-art residential and business services including Spectrum Internet®, TV, Mobile and Voice. For small and medium-sized companies, Spectrum Business® delivers the same suite of broadband products and services coupled with special features and applications to enhance productivity, while for larger businesses and government entities, Spectrum Enterprise provides highly customized, fiber-based solutions. Spectrum Reach® delivers tailored advertising and production for the modern media landscape. The company also distributes award-winning news coverage, sports and high-quality original programming to its customers through Spectrum Networks and Spectrum Originals. More information about Charter can be found at Corporate.Charter.Com.

THE CHARTER FOOTPRINT

CHARTER COMMUNICATIONS 9 Corporate Responsibility

SPECTRUM COMMUNITY IMPACT

Charter Communications invests in local communities where our customers and employees live and work, rendering these communities stronger, safer, and better prepared for the future. We are committed to impacting lives based on community improvement goals that are realized through programs focused on strategic philanthropic investments, in-kind support, and employee engagement, including:

Spectrum Housing Assist Spectrum Community Investment Loan Fund Our inaugural philanthropic initiative, Spectrum Representing $18 million of Charter’s over $22 million Housing Assist, enabled the company to provide critical commitment to supporting small and minority-owned home repairs to address the needs of homeowners enterprises, the Spectrum Community Investment living in unsafe conditions due to deteriorating Loan Fund (“Loan Fund”) invests in businesses in homes. Charter partnered with a number of nonprofit economically underserved communities. By offering organizations, including Rebuilding Together and loans directly to local businesses or through Community the American Red Cross to improve the homes and Development Financial Institutions (“CDFIs”), the Loan lives of thousands of people living in the company’s Fund provides growth capital, creating new jobs and service footprint. Through this program, Charter also strengthening the economic infrastructure in both provided Safe and Healthy Home Kits to residents in rural and urban areas. Through partnerships with the local communities, enabling them to further improve National Urban League, National Action Network and the safety and security of their homes. the National Asian American Coalition, the Loan Fund directly invests in the communities where Charter’s In 2020, the Spectrum Housing Assist goal was met, employees and customers live and work, and issues improving 55,083 homes, making more than 137,000 grants to provide technical assistance and small residents safer in their homes. Over the life of the business education to local business owners. program, this included work in 34 states, hosting 9 Community Impact Days, and distributing more Throughout 2020, by investing in underserved than 40,000 Safe and Healthy Home Kits. communities, the Loan Fund has closed 6 investments and this capital has been deployed to small businesses—creating or retaining hundreds of jobs within the local economies.

10 2020 ANNUAL REPORT 55,083 Homes improved through Spectrum Housing Assist, making 137,000 residents safer.

Spectrum Digital Education In 2020, Charter awarded a total of $350,000 in We provide donations to support broadband grants through Spectrum Employee Community education, training and technology through Spectrum Grants in support of 124 social service organizations Digital Education (SDE). The non-profit organizations delivering critical human services to their that receive grants align with the company’s desire communities. Of those grants, $185,000 was to educate community members on the benefits of granted to support organizations responding to the broadband and how to use it to improve their lives. immediate needs as a result of COVID-19.

In 2020, Charter awarded a total of $1 million in Spectrum Scholars grants through Spectrum Digital Education which Spectrum Scholars awards 20 underrepresented enabled the company to surpass its multiyear students $20,000 scholarships along with a structured commitment to award $6 million in cash and in-kind professional development and mentoring program. donations to support broadband education across Students apply for support through Charter’s partner the company’s footprint. organizations, the American Indian College Fund, OCA-Asian Pacific American Advocates, UNCF Spectrum Employee Community Grants (United Negro College Fund) and Society of Hispanic Spectrum Employee Community Grants assist non- Professional Engineers (SHPE)—national non-profit profit organizations where our employees volunteer organizations focused on supporting the needs and that provide critical services such as food pantries, aspirations of underrepresented students. homeless shelters and job placement programs. Employees nominate organizations to receive funding, Launched in 2020, we awarded the students enabling the non-profits to further their missions in each with $10,000 in scholarships, and in 2021, local communities. they will receive an additional $10,000 scholarship as part of the program.

CHARTER COMMUNICATIONS 11 Operating Summary

Financial Information For the year ended December 31, (in millions, except ARPU data) 2020 2019 Revenue $ 48,097 $45,764 Adjusted EBITDA1 $ 18,518 $16,855 Income from operations $ 8,405 $ 6,511 Free cash flow1 $ 7,070 $ 4,608 Net cash flows from operating activities $ 14,562 $ 11,748 Capital expenditures $ 7,415 $ 7,195 Monthly residential revenue per residential customer $ 111.15 $112.63

Operating Statistics2 Approximate as of December 31, (in thousands, except penetration data) 2020 2019 Footprint Estimated passings 53,300 52,154 Customer Relationships Residential 29,079 27,277 Small and Medium Business 2,051 1,958 Total customer relationships 31,130 29,235 Total customer relationship penetration of estimated passings 58.4% 56.1% Single Play Penetration 44.5% 43.0% Double Play Penetration 32.7% 30.7% Triple Play Penetration 22.9% 26.2% % Residential non-video customer relationships 46.2% 42.7% Internet Residential 27,023 24,908 Small and Medium Business 1,856 1,756 Total Internet customers 28,879 26,664 Video Residential 15,639 15,620 Small and Medium Business 561 524 Total Video customers 16,200 16,144 Voice Residential 9,215 9,443 Small and Medium Business 1,224 1,144 Total Voice customers 10,439 10,587

1 See use of Non-GAAP Financial Measures on page F-49 of this Annual Report. 2 See page 4 of the 10-K section included in this Annual Report. The footnotes contain important disclosures regarding the definitions used for these operating statistics.

12 2020 ANNUAL REPORT FORM 10-K

)"('((' ')&('","#!!''#" +.@56;4A<; 55555555555555 #&! 55555555555555 % " ((/&, *),.*/,-/(..)- .#)(),9) ." - /,#.# - 2"(! .) DGI=:;>H86AN:6G:C9:9:8:B7:G DG .,(-#.#)(, *),.*/,-/(..)- .#)(),9) ." - /,#.# - 2"(! .)

5.?A2?<::B;60.A6<;@;0 +'"!#%&'%"'&&$"'&%'% 29.D.?2 -I6I:DGDI=:G?JG>H9>8I>DCD;>C8DGEDG6I>DCDG # , - BEADN:G#9:CI>;>86I>DC(D DG<6C>O6I>DC A9.;A60'A?22A 'A.:3C8>E6A M:8JI>K:);;>8:H 4>ED9: ,:<>HIG6CIHI:A:E=DC:CJB7:G >C8AJ9>C<6G:68D9: '20B?6A62@?246@A2?21=B?@B.;AA<@20A6<; /<3A520A .>IA:D;:68=8A6HH .G69>C<-NB7DAH (6B:D;:68=:M8=6C<:DCL=>8=G:<>HI:G:9 A6HHDBBDC-ID8@ *6G06AJ: "., (-+!AD76A-:A:8I'6G@:I

'20B?6A62@?246@A2?21=B?@B.;AA<@20A6<; 4<3A520A"<;2

#C9>86I:7N8=:8@B6G@>;I=:G:<>HIG6CI>H6L:AA @CDLCH:6HDC:9>HHJ:G 6H9:;>C:9>C,JA:D;I=:-:8JG>I>:H8I 3:H(D

#C9>86I:7N8=:8@B6G@>;I=:G:<>HIG6CI>HCDIG:FJ>G:9ID;>A:G:EDGIHEJGHJ6CIID-:8I>DCDG-:8I>DC9D;I=:8I 3:H(D

#C9>86I:7N8=:8@B6G@L=:I=:GI=:G:<>HIG6CI=6H;>A:96AAG:EDGIHG:FJ>G:9ID7:;>A:97N-:8I>DCDG9D;I=:-:8JG>I>:H M8=6C<:8ID;9JG>C< I=:EG:8:9>C<BDCI=HDG;DGHJ8=H=DGI:GE:G>D9I=6II=:G:<>HIG6CIL6HG:FJ>G:9ID;>A:HJ8=G:EDGIH 6C9=6H7::CHJ7?:8IIDHJ8=;>A>CG:B:CIH;DG I=:E6HI96NH 3:H(D

#C9>86I:7N8=:8@B6G@L=:I=:GI=:G:<>HIG6CIH=6K:HJ7B>II:9:A:8IGDC>86AAN:K:GN#CI:G68I>K:6I6 >A:G:FJ>G:9ID7:HJ7B>II:96C9EDHI:9EJGHJ6CIID,JA: D;,:DC- .Q D;I=>H8=6EI:G9JG>CC<BDCI=HDG;DGHJ8=H=DGI:GE:G>D9I=6II=:G:<>HIG6CIHL:G:G:FJ>G:9IDHJ7B>I6C9 EDHIHJ8=;>A:H 3:H(D

#C9>86I:7N8=:8@B6G@L=:I=:GI=:G:<>HIG6CI>H6A6G<:688:A:G6I:9;>A:G 6C688:A:G6I:9;>A:G 6CDC 688:A:G6I:9;>A:G DG6HB6AA:GG:EDGI>C<8DBE6CN -:: 9:;>C>I>DCD;VA6G<:688:A:G6I:9;>A:G WV688:A:G6I:9;>A:G W6C9VHB6AA:GG:EDGI>C<8DBE6CNW>C,JA:7 D;I=: M8=6C<:8I

&6G<:688:A:G6I:9;>A:G 88:A:G6I:9;>A:G (DC 688:A:G6I:9;>A:G -B6AA:GG:EDGI>C<8DBE6CN B:G<>C<

#;6C:B:G<>C<C9>86I:7N8=:8@B6G@>;I=:G:<>HIG6CI=6H:A:8I:9CDIIDJH:I=::MI:C9:9IG6CH>I>DCE:G>D9;DG8DBEAN>CI=6CNC:LDG G:K>H:9;>C6C8>6A688DJCI>C9:9EJGHJ6CIID-:8I>DC6D;I=: M8=6C<:8I

#C9>86I:7N8=:8@B6G@L=:I=:GI=:G:<>HIG6CI>H6H=:AA8DBE6CN6H9:;>C:9>C,JA:7 D;I=:8I 3:H(D

.=:6<HIG6CID;DJIHI6C9>C<A6HH8DBBDCHID8@=:A97NCDC 6;;>A>6I:HD;I=:G:<>HIG6CI6I$JC: L6H6EEGDM>B6I:AN 7>AA>DC 8DBEJI:976H:9DCI=:8ADH>C8:6HFJDI:9DCI=:(-+!AD76A-:A:8I'6G@:IDCI=6I96I: DGEJGEDH:HD;I=>H86A8JA6I>DCDCAN 9>G:8IDGH :M:8JI>K:D;;>8:GH6C9I=:EG>C8>E6A8DCIGDAA>CI>:H8DCIGDAA:97NHJ8=8DCIGDAA>CHIG6CI6G:9::B:9ID7: 6;;>A>6I:HD;I=:G:<>HIG6CI

.=:G:L:G: H=6G:HD;A6HH8DBBDCHID8@DJIHI6C9>C<6HD;:8:B7:G .=:G:L6HH=6G:D;A6HH8DBBDCHID8@DJIHI6C9>C<6HD; I=:H6B:96I:

<0B:2;A@;0

#C;DGB6I>DCG:FJ>G:97N*6GI###>H>C8DGEDG6I:97NG:;:G:C8:;GDB,:<>HIG6CIXHEGDMNHI6I:B:CIDG6C6B:C9B:CIIDI=>HCCJ6A,:EDGIDC DGB %ID7: ;>A:9CDA6I:GI=6C96NH6;I:GI=::C9D;I=:,:<>HIG6CIH;>H86AN:6G:C9:9:8:B7:G &(&#!!)"(#"'" #&! H#&(-&"!&

( ##"("('

$.42"< *,.#

#I:B JH>C:HH #I:B ,>H@ 68IDGH #I:B /CG:HDAK:9-I6;;DBB:CIH #I:B *GDE:GI>:H #I:B &:<6A*GD8::9>CC:-6;:IN>H8ADHJG:H

*,.##

#I:B '6G@:I;DG,:<>HIG6CIHDBBDC FJ>IN ,:A6I:9-ID8@=DA9:G'6II:GH6C9#HHJ:G*JG8=6H:HD; FJ>IN-:8JG>I>:H #I:B -:A:8I:9 >C6C8>6A6I6 #I:B '6C6<:B:CIH>H8JHH>DC6C9C6ANH>HD; >C6C8>6ADC9>I>DC6C9,:HJAIHD;)E:G6I>DCH #I:B +J6CI>I6I>K:6C9+J6A>I6I>K:>H8ADHJG:H7DJI'6G@:I,>H@ #I:B >C6C8>6A-I6I:B:CIH6C9-JEEA:B:CI6GN6I6 #I:B =6C<:H>C6C9>H6I=88DJCI6CIHDC88DJCI>C<6C9 >C6C8>6A>H8ADHJG: #I:B DCIGDAH6C9*GD8:9JG:H #I:B )I=:G#C;DGB6I>DC

*,.###

#I:B >G:8IDGH M:8JI>K:);;>8:GH6C9DGEDG6I:!DK:GC6C8: #I:B M:8JI>K:DBE:CH6I>DC #I:B -:8JG>IN)LC:GH=>ED;:GI6>C:C:;>8>6A)LC:GH6C9'6C6<:B:CI6C9,:A6I:9-ID8@=DA9:G '6II:GH #I:B :GI6>C,:A6I>DCH=>EH6C9,:A6I:9.G6CH68I>DCH 6C9>G:8IDG#C9:E:C9:C8: #I:B *G>C8>E6A88DJCI>C< ::H6C9-:GK>8:H

*,.#0

#I:B M=>7>IH6C9 >C6C8>6A-I6I:B:CI-8=:9JA:H

->7>I#C9:M

.=>H 6CCJ6A G:EDGI DC DGB % >H ;DG I=: N:6G :C9:9 :8:B7:G .=: /C>I:9 -I6I:H -:8JG>I>:H 6C9 M8=6C<: DBB>HH>DCV- W6AADLHJHIDV>C8DGEDG6I:7NG:;:G:C8:W>C;DGB6I>DCI=6IL:;>A:L>I=I=:- L=>8=B:6CHI=6IL:86C 9>H8ADH:>BEDGI6CI>C;DGB6I>DCIDNDJ7NG:;:GG>CG:8IANIDI=DH:9D8JB:CIH #C;DGB6I>DC>C8DGEDG6I:97NG:;:G:C8:>H 8DCH>9:G:9ID7:E6GID;I=>H6CCJ6AG:EDGI #C699>I>DC >C;DGB6I>DCI=6IL:;>A:L>I=I=:- >CI=:;JIJG:L>AA6JIDB6I>86AAN JE96I:6C9HJE:GH:9:>C;DGB6I>DC8DCI6>C:9>CI=>H6CCJ6AG:EDGI #CI=>H6CCJ6AG:EDGI V=6GI:G WVL: WVJHW6C9VDJGWG:;:GID =6GI:GDBBJC>86I>DCH #C8 6C9>IHHJ7H>9>6G>:H

> )(#"&-'((!"(&&"#&+& ## "'((!"('

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

R DJG 67>A>IN ID HJHI6>C 6C9 DCH 7N D;;:G>C< #CI:GC:I K>9:D KD>8: BD7>A: 69K:GI>H>C< 6C9 DI=:G H:GK>8:H ID G:H>9:CI>6A 6C9 8DBB:G8>6A 8JHIDB:GH ID 69:FJ6I:AN B::I I=: 8JHIDB:G :ME:G>:C8: 9:B6C9H >C DJG H:GK>8: 6G:6H 6C9 ID B6>CI6>C 6C9 8JA6GAN >C I=: ;68: D; >C8G:6H>CK:8DBE:I>I>DC I=:C::9;DG>CCDK6I>DC6C9I=:G:A6I:986E>I6A:ME:C9>IJG:H R I=: >BE68I D; 8DBE:I>I>DC ;GDB DI=:G B6G@:I E6GI>8>E6CIH >C8AJ9>C< 7JI CDI A>B>I:9 ID >C8JB7:CI I:A:E=DC: 8DBE6C>:H 9>G:8I7GD6986HIH6I:AA>I:-DE:G6IDGH L>G:A:HH7GD6976C96C9I:A:E=DC:EGDK>9:GH 9><>I6AHJ7H8G>7:GA>C:V-&W EGDK>9:GH ;>7:GIDI=:=DB:EGDK>9:GH6C9EGDK>9:GHD;K>9:D8DCI:CIDK:G7GD6976C9#CI:GC:I8DCC:8I>DCH R <:C:G6A7JH>C:HH8DC9>I>DCH JC:BEADNB:CIA:K:AH6C9I=:A:K:AD;68I>K>IN>CI=:=DJH>C8JC8:GI6>CIN DG9DLCIJGC >C8AJ9>CBE68IHD;I=:(DK:ADGDC6K>GJHV)0# WE6C9:B>8IDDJG8JHIDB:GH DJGK:C9DGH6C9 AD86A HI6I:6C9;:9:G6A8 R DJG67>A>INIDD7I6>CEGDC<6IG:6HDC67A:EG>8:HDGIDG6>H:EG>8:HIDD;;H:I >CL=DA:DG>CE6GI I=::;;:8IHD;=><=:G EGDC<8DHIH>C8AJ9>CHH>DC8DCH:CIH6C99>HIG>7JI>DCG:FJ>G:B:CIH R DJG 67>A>IN ID 9:K:ADE 6C9 9:EADN C:L EGD9J8IH 6C9 I:8=CDAD<>:H >C8AJ9>C< BD7>A: EGD9J8IH 6C9 6CN DI=:G 8DCHJB:G H:GK>8:H6C9H:GK>8:EA6I;DGBH R 6CN :K:CIH I=6I 9>HGJEI DJG C:ILDG@H >C;DGB6I>DC HNHI:BH DG EGDE:GI>:H 6C9 >BE6>G DJG DE:G6I>C< 68I>K>I>:H DG DJG G:EJI6I>DC R I=::;;:8IHD;DCDCDJG7JH>C:HH>C8AJ9>C<8DHIH 9>HGJEI>DCH6C9EDHH>7A:A>B>I6I>DCHDCDE:G6I>C< ;A:M>7>A>ING:A6I:9ID 6C9DJG67>A>INID8DBEANL>I= G:I>DCH6EEA>867A:IDJH R I=:67>A>INID=>G:6C9G:I6>C@:NE:GHDCC:A R I=:6K6>A67>A>IN6C9688:HH >C<:C:G6A D;;JC9HIDB::IDJG9:7ID7A><6I>DCHEG>DGIDDGL=:CI=:N7:8DB:9J:6C9ID;JC9 DJGDE:G6I>DCH6C9C:8:HH6GN86E>I6A:ME:C9>IJG:H :>I=:GI=GDJ<=>86H=DC=6C9 >>;G::86H=;ADL DG>>>688:HHIDI=: 86E>I6ADG8G:9>IB6G@:IH6C9 R DJG67>A>INID8DBEANL>I=6AA8DK:C6CIH>CDJG>C9:CIJG:H6C98G:9>I;68>A>I>:H 6CNK>DA6I>DCD;L=>8= >;CDI8JG:9>C6 I>B:ANB6CC:G 8DJA9IG><<:G69:;6JAID;DJGDI=:GD7A><6I>DCHJC9:G8GDHH 9:;6JAIEGDK>H>DCH

AA;DGL6G9 ADD@>C7JI67A:IDJHDG6CNE:GHDC68I>C;>:9>CI=:>G:CI>G:IN7N I=>H86JI>DC6GNHI6I:B:CI 1:6G:JC9:GCD9JINDGD7A><6I>DCIDJE96I:6CND;I=:;DGL6G9 ADD@>CH6CCJ6AG:EDGI

>> $&(

A2: ?=38/==

;A?<1B0A6<;

1: 6G: 6 A:69>C< 7GD6976C9 8DCC:8I>K>IN 8DBE6CN 6C9 867A: DE:G6IDG H:GK>C< BDG: I=6C B>AA>DC 8JHIDB:GH >C HI6I:H I=GDJ<=DJG-E:8IGJB7G6C9 )K:G6C69K6C8:9=><= 86E68>IN ILD L6NI:A:8DBBJC>86I>DCHC:ILDG@ L:D;;:G6;JAAG6C<:D; HI6I: D; I=: 6GIG:H>9:CI>6A6C97JH>C:HHH:GK>8:H>C8AJ9>C<-E:8IGJB#CI:GC:I .0 'D7>A:6C90D>8: DGHB6AA6C9B:9>JB H>O:98DBE6C>:H -E:8IGJBJH>C:HHS9:A>K:GHI=:H6B:HJ>I:D;7GD6976C9EGD9J8IH6C9H:GK>8:H8DJEA:9L>I=HE:8>6A;:6IJG:H 6C96EEA>86I>DCHID:C=6C8:EGD9J8I>K>IN L=>A:;DGA6G<:G7JH>C:HH:H6C9I>:H -E:8IGJB CI:GEG>H:EGDK>9:H =><=AN8JHIDB>O:9 ;>7:G 76H:9HDAJI>DCH -E:8IGJB,:68=S9:A>K:GHI6>ADG:969K:GI>H>C<6C9EGD9J8I>DC;DGI=:BD9:GCB:9>6 A6C9H86E: 1:6AHD9>HIG>7JI:6L6G9 L>CC>C<= FJ6A>INDG><>C6AEGDC<>C6AH

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

1:=6K::C=6C8:9DJGH:GK>8:DE:G6I>DCHID6AADLDJG8JHIDB:GHIDBDG:;G:FJ:CIAN>CI:G68IL>I=JHI=GDJ<=DJG8JHIDB:G L:7H>I: 6C9 'N -E:8IGJB 6EEA>86I>DC DCA>C: 8=6I 6C9 HD8>6A B:9>6 =6K: I=:>G H:GK>8:H >CHI6AA:9 6I I=: I>B: 6C9 >C I=: B6CC:GD;I=:>GDLC8=DDH>C< >C8AJ9>CCHI6AA6I>DC 6C9G:8:>K:6K6G>:IND;K>9:DE68@6<:HDC6C>C8G:6H>C8:H>C8AJ9>CCC8:H>C=DLI=:NG:8:>K:6C9>CHI6AAI=:>GH:GK>8:H6C9=DLI=:N>CI:G68IL>I=JH L:6G:9G>K>C<=><=:GDK:G6AAA:K:AHD; 8JHIDB:G H6I>H;68I>DC 6C9 G:9J8>C< DJG DE:G6I>C< 8DHIH 6C9 86E>I6A :ME:C9>IJG:H E:G 8JHIDB:G G:A6I>DCH=>E /AI>B6I:AN DJG DE:G6I>C<=FJ6A>IN 8DBE:I>I>K:ANEG>8:9H:GK>8:HEGD;>I67AN L=>A:8DCI>CJ>CCK:HI>CC:L EGD9J8IH6C9H:GK>8:H

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

)JGEG>C8>E6A:M:8JI>K:D;;>8:H6G:AD86I:96IIA6CI>8-IG::I -I6B;DG9 DCC:8I>8JI )JGI:A:E=DC:CJB7:G>H 6C9 L: =6K: 6 L:7H>I: 688:HH>7A: 6I LLL 8DGEDG6I: 8=6GI:G 8DB )JG CCJ6A ,:EDGIH DC DGB % +J6GI:GAN ,:EDGIHDC DGB +6C9JGG:CI,:EDGIHDC DGB % 6C96AA6B:C9B:CIHI=:G:ID 6G:6K6>A67A:DCDJGL:7H>I:;G::D; 8=6G<:6HHDDC6HG:6HDC67ANEG68I>867A:6;I:GI=:N=6K:7::C;>A:9 .=:>C;DGB6I>DCEDHI:9DCDJGL:7H>I:>HCDI>C8DGEDG6I:9 >CIDI=>H6CCJ6AG:EDGI

.=:8=6GI7:ADLH:IH;DGI=DJG:CI>INHIGJ8IJG:6C9I=6ID;DJG9>G:8I6C9>C9>G:8IHJ7H>9>6G>:H .=:8=6GI9D:HCDI>C8AJ9:6AAD; DJG6;;>A>6I:H6C9HJ7H>9>6G>:H6C9 >CHDB:86H:H L:=6K:8DB7>C:9H:E6G6I::CI>I>:H;DGEG:H:CI6I>DCEJGEDH:H .=::FJ>IN DLC:GH=>E E:G8:CI6<:H H=DLC 7:ADL 6G: 6EEGDM>B6I>DCH #C9:7I:9C:HH 6BDJCIH H=DLC 7:ADL 6G: EG>C8>E6A 6BDJCIH 6H D; :8:B7:G -::(DI:IDI=:688DBE6CN>C<8DCHDA>96I:9;>C6C8>6AHI6I:B:CIH8DCI6>C:9>CV*6GI## #I:B >C6C8>6A -I6I:B:CIH6C9-JEEA:B:CI6GN6I6 WL=>8=6AHD>C8AJ9:HI=:688G:I:9K6AJ:HD;I=:>C9:7I:9C:HH9:H8G>7:97:ADL

1:DE:G6I:>C<:D86AAN9>K:GH:6G:6HL=>8=6G:B6C6<:98:CIG6AANDC68DCHDA>96I:9A:K:A .=:B6E7:ADL=><=A><=IHDJG ;DDIEG>CI6HD;:8:B7:G

$?<1B0A@.;1'2?C602@

1:D;;:GDJG8JHIDB:GHHJ7H8G>EI>DC 76H:9#CI:GC:IH:GK>8:H K>9:DH:GK>8:H 6C9BD7>A:6C9KD>8:H:GK>8:H )JGH:GK>8:H6G: D;;:G:9IDG:H>9:CI>6A6C98DBB:G8>6A8JHIDB:GHDC6HJ7H8G>EI>DC76H>H L>I=EG>8:H6C9G:A6I:98=6G<:H76H:9DCI=:INE:HD; H:GK>8:H:A:8I:9 L=:I=:GI=:H:GK>8:H6G:HDA96H6V7JC9A:WDGDC6C>C9>K>9J6A76H>H 6C976H:9DCI=::FJ>EB:CIC:8:HH6GNID G:8:>K: DJG H:GK>8:H JC9A:9 H:GK>8:H 6G: 6K6>A67A: ID HJ7HI6CI>6AAN 6AA D; DJG E6HH>CB6I:AN D; DJG G:H>9:CI>6A8JHIDB:GHHJ7H8G>7:ID67JC9A:D;H:GK>8:H>C8AJ9>CC6I>DCD;DJG#CI:GC:I K>9:D6C9DGKD>8:EGD9J8IH

.=:;DAADL>CO:HDJG8JHIDB:GHI6I>HI>8H;DG#CI:GC:I K>9:D KD>8:6C9BD7>A:6HD;:8:B7:G 6C9 >CI=DJH6C9H:M8:EIE:G8JHIDB:G96I66C9;DDICDI:H

==?9:CI>6A -' .DI6AJHIDB:G,:A6I>DCH=>EH

'DCI=AN,:H>9:CI>6A,:K:CJ:E:G,:H>9:CI>6AJHIDB:G8 'DCI=AN-',:K:CJ:E:G-'JHIDB:G9

;A2?;2A ,:H>9:CI>6A -' .DI6A#CI:GC:IJHIDB:GH

*612< ,:H>9:CI>6A -' .DI6A0>9:DJHIDB:GH

*<602 ,:H>9:CI>6A -' .DI6A0D>8:JHIDB:GH

!9:CI>6A -' .DI6A'D7>A:&>C:H

;A2?=?6@2$?6:.?F'2?C602);6A@$')@2

6 1:86A8JA6I:I=:6<>CAA>C<8N8A:;DG:68=688DJCI )CI=6I76H>H 6HD; :8:B7:G 6C9 8JHIDB:GH>C8AJ9:6EEGDM>B6I:AN 6C9 8JHIDB:GH G:HE:8I>K:AN L=DH: 688DJCIHL:G:DK:G96NHE6HI9J: 6EEGDM>B6I:AN 6C9 8JHIDB:GH G:HE:8I>K:AN L=DH:688DJCIHL:G: DK:G96NHE6HI9J: 6C96EEGDM>B6I:AN 6C9 8JHIDB:GH G:HE:8I>K:AN L=DH:688DJCIHL:G:DK:G 96NHE6HI9J: 7 JHIDB:G G:A6I>DCH=>EH >C8AJ9: I=: CJB7:G D; 8JHIDB:GH I=6I G:8:>K: DC: DG BDG: A:K:AH D; H:GK>8: :C8DBE6HH>C< #CI:GC:I K>9:D6C9KD>8:H:GK>8:H L>I=DJIG:<6G9IDL=>8=H:GK>8:HHJ8=8JHIDB:GHG:8:>K: JHIDB:GHL=DG:H>9: >C G:H>9:CI>6A BJAI>EA: 9L:AA>C< JC>IH V'/HW 6C9 I=6I 6G: 7>AA:9 JC9:G 7JA@ 8DCIG68IH 6G: 8DJCI:9 76H:9 DC I=: CJB7:G D; 7>AA:9 JC>IH L>I=>C :68= 7JA@ '/ .DI6A 8JHIDB:G G:A6I>DCH=>EH :M8AJ9: :CI:GEG>H: 6C9 BD7>A: DCAN 8JHIDB:GG:A6I>DCH=>EH 8 'DCI=ANG:H>9:CI>6AG:K:CJ:E:GG:H>9:CI>6A8JHIDB:G>H86A8JA6I:96HIDI6AG:H>9:CI>6A6CCJ6AG:K:CJ:9>K>9:97NIL:AK: 9>K>9:9 7N 6K:G6<: G:H>9:CI>6A 8JHIDB:G G:A6I>DCH=>EH 9JG>C< I=: G:HE:8I>K: N:6G 6C9 :M8AJ9:H BD7>A: G:K:CJ: 6C9 8JHIDB:GH 9 'DCI=AN-'G:K:CJ:E:G-'8JHIDB:G>H86A8JA6I:96HIDI6A-'6CCJ6AG:K:CJ:9>K>9:97NIL:AK:9>K>9:97N 6K:G6<:-'8JHIDB:GG:A6I>DCH=>EH9JG>CK:N:6G6C9:M8AJ9:HBD7>A:G:K:CJ:6C98JHIDB:GH : CI:GEG>H:*-/HG:EG:H:CII=:6<7:GH:GK>8:D;;:G>CC<:68=H:E6G6I:H:GK>8:D;;:G>C<6I :68=8JHIDB:GAD86I>DC6H6C>C9>K>9J6A*-/

&2@612;A6.9'2?C602@

8>/<8/>$/<@3-/=

)JG-E:8IGJBEG>8>C<6C9E68@6<>C<V-**WD;;:GH6C:CIGNA:K:A#CI:GC:I9DLCAD69HE::9D;6IA:6HIB:<67>IHE:GH:8DC9 V'7EHW>CC:6GAND;DJG;DDIEG>CI6C9'7EH68GDHHI=:G:B6>C9:GD;DJG;DDIEG>CI L=>8=6BDCCI=>C 6 H>C<= 9:;>C>I>DC V"W K>9:D 8DCI:CI L=>A: H>BJAI6C:DJHAN JH>C< DJG #CI:GC:IH:GK>8:;DGDI=:GEJGEDH:H 99>I>DC6AAN A:K:G6<>C<)-#- I:8=CDAD< '7EHHE::9H:GK>8:>CC:6GAN6AAD;DJG;DDIEG>CI >C6AAN L:D;;:G6H:8JG>INHJ>I:L>I=DJG#CI:GC:IH:GK>8:HL=>8= JEDC >CHI6AA6I>DC7N8JHIDB:GH EGDK>9:HEGDI:8I>DC6<6>CHI8DBEJI:GK>GJH:H6C9HENL6G:6C9>C8AJ9:HE6G:CI6A8DCIGDA;:6IJG:H

1:D;;:G6C>C =DB:1> >EGD9J8II=6IEGDK>9:H8JHIDB:GHL>I==><=E:G;DGB6C8:L>G:A:HHGDJI:GH6C96B6C6<:91> >H:GK>8: IDB6M>B>O:I=:>G>C =DB:L>G:A:HH#CI:GC:I:ME:G>:C8: JG>C< L:8DCI>CJ:9IDGDAADJIDJG69K6C8:9>C =DB:1> > EGD9J8I 6C9 L: EA6C ID :ME6C9 6K6>A67>A>IN ;GDB DK:G D; DJG ;DDIEG>CI ID HJ7HI6CI>6AAN 6AA 7N I=: :C9 D; 1>I= 69K6C8:9>C =DB:1> > 8JHIDB:GH:C?DN6CDEI>B>O:91> >8DCC:8I>DC6C9=6K:I=:67>A>INIDK>:L6C98DCIGDAI=:>G1> > C:ILDG@L>I=I=:'N-E:8IGJBEE6AADL>C;>89:K>8:H 9K6C8:9>C =DB:1> >>H7J>AIDC6 HD;IL6G:EA6I;DGBI=6IL>AA6AADLJHID>CI:I>DC6AC:ILDG@76H:9H:8JG>IN6C98DCIGDA;:6IJG:H6HL:AA6H :C=6C8:9HE::9H;DGDJGBD7>A:8JHIDB:GHL>I=>CI=:=DB: #C L:6AHDA6JC8=:9I=:DEI>DCID699-E:8IGJB1> >*D9H IDDJG69K6C8:9>C =DB:1> >EGD9J8I -E:8IGJB1> >ED9H6G:HB6AA 9>H8G::I6C9EDL:G;JAED9HI=6IEAJ<>CID:A:8IG>86A DJIA:IH>CI=:=DB:ID9:A>K:G699>I>DC6A688:HHED>CIH G:HJAI>C<>CBDG:8DCH>HI:CI8DK:G6<:I=GDJ<=DJII=:=DB:

'3./9$/<@3-/=

)JGK>9:D8JHIDB:GHG:8:>K:6E68@6<:D;EGDC8=<:C:G6AAN>C8AJ9:H69><>I6AG:8:>K:GI=6IEGDK>9:H6C>CI:G68I>K: :A:8IGDC>8EGDC<9:L>I=E6G:CI6A8DCIGDAH 688:HHIDE6N E:G K>:LH:GK>8:H >C8AJ9>C9:DDC9:B6C9V0)W 6K6>A67A:IDC:6GAN6AAD;DJGE6HH>CA>INIDK>:L8:GI6>CK>9:DH:GK>8:HDCI=>G9 E6GIN9:K>8:H>CH>9:6C9DJIH>9: I=: =DB: JHIDB:GH =6K: I=: DEI>DC ID EJG8=6H: 699>I>DC6A I>:GH D; H:GK>8:H >C8AJ9>C< EG:B>JB 8=6CC:AH L=>8= EGDK>9: DG><>C6AEGDC< 8DBB:G8>6A ;G::BDK>:H HEDGIH 6C9DI=:GHE:8>6A:K:CI:CI:GI6>CB:CIEGDC< -J7HI6CI>6AAN6AA D;DJGK>9:DEGDC<>H6K6>A67A:>C=><=9:;>C>I>DC 1:6AHDD;;:G8:GI6>CK>9:DE68@6<:H8DCI6>C>C<6A>B>I:9CJB7:GD; 8=6CC:AH

#CI=:K6HIB6?DG>IND;DJG;DDIEG>CI L:D;;:G0)H:GK>8:L=>8=6AADLH8JHIDB:GHIDH:A:8I;GDBDK:G I>IA:H6I6CN I>B: 0)EGDCDCHB6N7:688:HH:96ICD699>I>DC6A8DHI>;I=:8DCI:CI>H6HHD8>6I:9L>I=68JHIDB:GXHA>C:6G HJ7H8G>EI>DC DG;DG6;::DC6IG6CH68I>DC6A76H>H 0)H:GK>8:H6G:6AHDD;;:G:9DC6HJ7H8G>EI>DC76H>H>C8AJ9:9>C69><>I6A I>:GEG:B>JB8=6CC:AHJ7H8G>EI>DCDG;DG6BDCI=AN;:: *6N E:G K>:L8=6CC:AH6AADL8JHIDB:GHIDE6NDC6E:G :K:CI76H>HID K>:L6H>CCB:HE:8>6AHEDGI>C<:K:CI BJH>88DC8:GI DGH>B>A6G:K:CIDC68DBB:G8>6A ;G::76H>H

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

'93-/$/<@3-/=

1:EGDK>9:KD>8:8DBBJC>86I>DCHH:GK>8:HJH>C8:DK:G#CI:GC:IEGDID8DA0D#*I:8=CDADI9><>I6AKD>8: H>8:H:GK>8:H>C8AJ9:JCA>B>I:9AD86A6C9ADC<9>HI6C8:86AA>CI:9-I6I:H 6C696 ':M>8D6C9*J:GID,>8D KD>8:B6>A 86AAL6>I>C< 86AA:G# 86AA;DGL6G9>C<6C9DI=:G;:6IJG:H6C9D;;:GH>CI:GC6I>DC6A86AA>C< :>I=:G7NI=:B>CJI: DGI=GDJ<=E68@6<:HD;B>CJI:HE:GBDCI= DG8JHIDB:GHI=6IHJ7H8G>7:ID7DI=DJGKD>8:6C9K>9:D D;;:G>CH6AHD6K6>A67A:>CBDHI6G:6H #C:6GAN L:A6JC8=:96AA!J6G9 6C:L69K6C8:986AA:G#6C9 GD7D86AA7AD8@>CDC ;DGDJGG:H>9:CI>6A6C9-'KD>8:8JHIDB:GH 6AA!J6G9G:9J8:H8JHIDB:G;GJHIG6I>DC6C9>BEGDK:H

H:8JG>IN7N7AD8@>C8>DJH86AAHL=>A::CHJG>CCJ:IDG:8:>K:I=:A:<>I>B6I:6JIDB6I:986AAHI=:NC::9 ;GDBH8=DDAHDG=:6AI=86G:EGDK>9:GH

9,36/$/<@3-/=

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

<::2?06.9'2?C602@

1: D;;:G H86A67A: 7GD6976C9 8DBBJC>86I>DCH HDAJI>DCH ;DG 7JH>C:HH:H 6C9 86GG>:G DG<6C>O6I>DCH D; 6AA H>O:H H:AA>C< #CI:GC:I 688:HH 96I6C:ILDG@>C< ;>7:G8DCC:8I>K>INID8:AAJA6GIDL:GH6C9D;;>8:7J>A9>C9:D:CI:GI6>CB:CIH:GK>8:H6C97JH>C:HH I:A:E=DC:H:GK>8:H $7+66+8./.3?7?=38/==

-E:8IGJBJH>C:HHD;;:GH#CI:GC:I KD>8:6C9K>9:DH:GK>8:HID-'HDK:GDJG=N7G>9;>7:G8D6M>6AC:ILDG@ #C699>I>DC L: D;;:GDJG-E:8IGJB'D7>A:H:GK>8:ID-'8JHIDB:GH -E:8IGJBJH>C:HH>C8AJ9:H6;JAAG6C<:D;K>9:DEGDC<6C9 :CIGN A:K:A #CI:GC:I HE::9H D; '7EH 9DLCHIG:6B 6C9 '7EH JEHIG:6B >C K>GIJ6AAN 6AA D; DJG B6G@:IH 99>I>DC6AAN 8JHIDB:GH86CJEG#CI:GC:IHE::9H7NEJG8=6H>C<#CI:GC:I/AIG6'7EH9DLCHIG:6BDG#CI:GC:I!><'7EH 9DLCHIG:6B -E:8IGJBJH>C:HH6AHD>C8AJ9:H6H:ID;7JH>C:HHH:GK>8:H>C8AJ9>C8#*6C97JH>C:HH1> > : B6>A6C9 H:8JG>IN 6C9BJAI> A>C:I:A:E=DC:H:GK>8:HL>I=BDG:I=6C7JH>C:HH;:6IJG:H>C8AJ9>C8:B6C6<:B:CI I=6I 6G:<:C:G6AANCDI6K6>A67A:IDG:H>9:CI>6A8JHIDB:GH #C L:A6JC8=:91>G:A:HH#CI:GC:I68@JE;DGDJG-'8JHIDB:GH I=GDJ<=DJIDJG;DDIEG>CI 1>G:A:HH#CI:GC:I68@JE>H9:H>8:;DGHB6AA 6C9B:9>JB H>O:97JH>C:HH:H>CI=::K:CID;6C:ILDG@9>HGJEI>DC 8>/<:<3=/

-E:8IGJB CI:GEG>H:D;;:GHI6>ADG:98DBBJC>86I>DCHEGD9J8IH6C9B6C6<:9H:GK>8:HDAJI>DCHIDA6G<:G7JH>C:HH:H 6HL:AA6H =><= 86E68>IN A6HI B>A: 96I6 8DCC:8I>K>IN H:GK>8:H ID BD7>A: 6C9 L>G:A>C: 86GG>:GH DC 6 L=DA:H6A: 76H>H .=: -E:8IGJB CI:GEG>H: EGD9J8I EDGI;DA>D >C8AJ9:H #CI:GC:I 688:HH ;>7:G L>G:A:HH 6C9 8D6M 9:A>K:G:9 1>9: G:6 (:ILDG@ 1( -DAJI>DCH >C8AJ9>C< I=:GC:I - 1( 6C9 8ADJ9 8DCC:8I>K>IN H:GK>8:H I=6I EG>K6I:AN 6C9 H:8JG:AN 8DCC:8I <:D86AAN 9>HE:GH:9 8JHIDB:G AD86I>DCH 6C9 B6C6<:9 H:GK>8:H L=>8= 699G:HH 6 L>9: G6C<: D; :CI:GEG>H: C:ILDG@>C< 6C9 H:8JG>IN 8=6AA:C<:H .DB::II=:8DBBJC>86I>DCHC::9HD;I=:H:BDG:HDE=>HI>86I:98JHIDB:GH -E:8IGJB CI:GEG>H:6AHDD;;:GH6C6GG6N D; KD>8: IGJC@>C< H:GK>8:H 6C9 JC>;>:9 B:HH6<>C<JC>;>:9 8DBBJC>86I>DCH HDAJI>DCH #C 699>I>DC ;DG >C9JHIG>:H HJ8= 6H =DHE>I6A>IN :9J86I>DC6C9=:6AI=86G:L=:G:HE:8>6A>O:9K>9:DHDAJI>DCH6G:9:B6C9:9 -E:8IGJB CI:GEG>H:D;;:GH6L>9:G6C<: D; HDAJI>DCH 9:H>G:B:CIH -E:8IGJB CI:GEG>H: H:GK:H 7JH>C:HH:H C6I>DC6AAN 7N 8DB7>C>C< >IH A6G<: H:GK>8:67A:;DDIEG>CI6C9GD7JHIEDGI;DA>DD;;>7:GA>I7J>A9>CI=6H>;>86CIL=DA:H6A:E6GIC:GC:ILDG@ H6G:HJAI I=:H: 8JHIDB:GH7:C:;>I7ND7I6>C>C<69K6C8:98DBBJC>86I>DCHHDAJI>DCH;GDB6H>C9:GL=D>H8DBB>II:9ID6C:M8:EI>DC6A 8JHIDB:G:ME:G>:C8:6C9L=D9:A>K:GH8DBE:AA>CBEA>;N>C6AANG:9J8>CG8DHIH

1C2?A6@6;4'2?C602@

)JG69K:GI>H>CK>H>DC -E:8IGJB,:68= D;;:GHAD86A G:<>DC6A6C9C6I>DC6A7JH>C:HH:HI=:DEEDGIJC>INID69K:GI>H:>C >C9>K>9J6A6C9BJAI>EA:H:GK>8:6G:6HDC867A:I:A:K>H>DCC:ILDG@H6C969K6C8:969K:GI>H>CK:G:K:CJ:H ;GDB I=: H6A: D; AD86A 69K:GI>H>C< 68GDHH K6G>DJH EA6I;DGBH ;DG C:ILDG@H HJ8= 6H '.0 (( 6C9 -*( #C 6CN E6GI>8JA6G H:GK>8: 6G:6 L: INE>86AAN >CH:GI AD86A 69K:GI>H>C< DC ID 8=6CC:AH )JG A6G<: ;DDIEG>CI EGDK>9:H DEEDGIJC>I>:H ;DG 69K:GI>H>C<8JHIDB:GHID699G:HH7GD69:GG:<>DC6A6J9>:C8:H;GDB6H>C9:G6C9I=JHG:68=BDG:8JHIDB:GHL>I=6H>CDC )JG H>O: 6AHD EGDK>9:H H86A: ID >CK:HI >C C:L I:8=CDADH>C< 86E67>A>I>:H

K6>A67A:69K:GI>H>CB:>H<:C:G6AANHDA97NDJG69K:GI>H>C8:6G:6H L:=6K:;DGB:969K:GI>H>C< >CI:G8DCC:8IHDG:CI:G:9>CIDG:EG:H:CI6I>DC6I=DI=:GK>9:D9>HIG>7JIDGH >C8AJ9>C< 6BDCODC .. #C8 V..W6C9DB86HIDGEDG6I>DC JC9:GL=>8=L:H:AA69K:GI>H>C8:6G:6H L::CI:G>CIDG:EG:H:CI6I>DC68=6CDI=:GDE:G6IDG>CI=:6G:6L>AAH:AA69K:GI>H>CK:GA>C:6G8DBB:G8>6AH68GDHHL>9:G<:D86G:6H G:EA>86I>CH>DCHI6I>DCHIDI=::MI:CIEDHH>7A: #C699>I>DC L::CI:G>CID>CI:G8DCC:8I6B:IDI>B: L>I=DI=:G867A:DE:G6IDGH L=>8= DC7:=6A;D;6CJB7:GD;K>9:DDE:G6IDGH H:AAH69K:GI>H>CB:IDC6I>DC6A6C9G:<>DC6A 69K:GI>H:GH>C>C9>K>9J6ADGBJAI>EA:H:GK>8:6G:6H

99>I>DC6AAN L:H:AAI=:69K:GI>H>C<>CK:CIDGND;DJGDLC:96C9DE:G6I:9AD86AHEDGIH6C9C:LH8=6CC:AH D;DJGG:<>DC6AHEDGIH C:ILDG@H I=6I 86GGN &DH C<:A:H &6@:GHX 76H@:I76AA <6B:H 6C9 DI=:G HEDGIH EGDC< 6C9 D; -EDGIH(:I & 6 G:<>DC6A HEDGIHC:ILDG@I=6I86GG>:H&DHC<:A:HD9<:GHX76H:76AA<6B:H6C9DI=:GHEDGIHEGDC<

#C L:8DCI>CJ:9ID:ME6C9DJG9:EADNB:CID;=DJH:=DA9699G:HH67>A>IN"" L=>8=6AADLH;DGBDG:EG:8>H:I6G<:I>C< L>I=>CK6G>DJHE6GIHD;DJG;DDIEG>CI .=>HL>AA7:BDG:L>9:AN9:EADN:9>C 99>I>DC6AAN>CI=:C:MIN:6G >C8DC?JC8I>DC L>I= DI=:G '0*XH -E:8IGJB ,:68= L>AA :C67A: 6;;>A>6I:9 867A: C:ILDG@H ID 9:EADN "" DC I=:>G DLC >CK:CIDGN >C DJG ;DDIEG>CIH 8=6G<>CCJ:9ID9:K:ADEDJG9*DGI6A L=>8=6AADLHHB6AA7JH>C:HH:HID EJG8=6H:AD86A867A:69K:GI>H>C<6C9DG8G:6I>K:H:GK>8:HK>6DJGL:7EDGI6AL>I=CDH6A:HE:GHDCC:A>CI:G68I>DC6I6EG>8:L>I=>C I=:>G 7J9<:IH .=:N ?D>C DJG ;JAAN 9:EADN:9 J9>:C8: EE L=>8= JH:H DJG EGDEG>:I6GN 9><>I6A G:8:>K:G K>:L:GH=>E 96I6 6AA 6CDCNB>O:96C96O:A>C:6G>CK:CIDGN 6C9-IG:6B>C<.0 DJG:ME6C9:99H K:GNL=:G:D;;:G>C8= >C8AJ9:H>CK:CIDGNDCDK:G I=: IDEHIG:6B>C<8DCI:CIEGDK>9:GH >CDJGHJ>I:D;69K6C8:969K:GI>H>CA67A:IDI=: B6G@:IEA68:

#A52?'2?C602@

#/1398+6$:9<>=+8. /A= />A9<5=

1:=6K:6C6I=I=:&DHC<:A:H&6@:GH;DGG><=IHID9>HIG>7JI:6AAAD86AAN6K6>A67A:&DHC<:A:H&6@:GHX<6B:H I=GDJ<= 1:7GD6986HII=DH:<6B:HDCDJGG:<>DC6AHEDGIHC:ILDG@ -E:8IGJB-EDGIH(:I B:G>86C':9>6*GD9J8I>DCH &&B:G>86C':9>6*GD9J8I>DCH 6CJC6;;>A>6I:9I=>G9E6GIN DLCH-EDGIH(:I& 6G:<>DC6AHEDGIHC:ILDG@86GGN>CC< #C688DG96C8:L>I=6I=B:G>86C':9>6 *GD9J8I>DCH L: 68I 6H I=: C:ILDG@XH :M8AJH>K: 6;;>A>6I: 6C9 69K:GI>H>C< H6A:H G:EG:H:CI6I>K: 6C9 =6K: 8:GI6>C 7G6C9>C< 6C9 EGDC<=IHL>I=G:HE:8IIDI=:C:ILDG@ #C699>I>DC L:EGDK>9:8:GI6>CEGD9J8I>DC6C9I:8=C>86AH:GK>8:HIDB:G>86C ':9>6*GD9J8I>DCH .=:6;;>A>6I: 69K:GI>H>C< EGD9J8I>DC6C9EGDC<6CJ:I=GDJ<= 1:6AHDDLC D;-I:GA>C< CI:GI6>CB:CI CI:GEG>H:H &&9D>C<7JH>C:HH6H-EDGIH(:I(:L3DG@ 6(:L3DG@>IN 76H:9G:<>DC6A HEDGIHC:ILDG@I=6I86GG>:H(:L3DG@':IHX76H:76AA<6B:H6HL:AA6HDI=:GG:<>DC6AHEDGIHEGDC<

1:B6C6<:AD86AC:LH8=6CC:AH >C8AJ9>C<-E:8IGJB(:LH(3S6C9& =DJGC:LH8=6CC:AH;D8JH:9DC(:L3DG@ >IN 6C9 &DH C<:A:H )JG AD86A C:LH 8=6CC:AH EGDK>9: =NE:GAD86A 8DCI:CI ;D8JH>C< DC C:LH EGDC< 6C9 HIDGNI:AA>CCI:G:HIHD;I=:9>K:GH:8DBBJC>I>:H6C9C:><=7DG=DD9HL:H:GK: 1:6AHD EGDK>9:I=:-E:8IGJB(:LH6EEL=:G:8JHIDB:GH86CG:69 L6I8=6C9A>HI:CIDC:LHHIDG>:H7NDJG-E:8IGJB(:LH?DJGC6A>HIH 6C9AD86AE6GIC:GEJ7A>86I>DCHDCI=:>GBD7>A:9:K>8:

$?606;4<3#B?$?<1B0A@.;1'2?C602@

)JGG:K:CJ:H6G:EG>C8>E6AAN9:G>K:9;GDBI=:BDCI=AN;::H8JHIDB:GHE6N;DGI=:H:GK>8:HL:EGDK>9: 1:INE>86AAN8=6G<:6 DC: I>B:>CHI6AA6I>DC;::L=>8=>HHDB:I>B:HL6>K:9DG9>H8DJCI:9>C8:GI6>CH6A:H8=6CC:AH9JG>C<8:GI6>CEGDBDI>DC6AE:G>D9H

)JG-E:8IGJBEG>8>C<6C9E68@6<>C<<:C:G6AAND;;:GH6HI6C96G9>O:9EG>8:;DG:68=I>:GD;H:GK>8: 7JC9A:D;H:GK>8:H 6C9699 DCH:GK>8:>C6H:GK>8:6G:6 1:7:A>:K:-**

R D;;:GH6=><=:GFJ6A>IN6C9BDG:K6AJ: 76H:9H:ID;H:GK>8:HG:A6I>K:IDDJG8DBE:I>IDGH >C8AJ9>C<;6HI:G#CI:GC:IHE::9H BDG:"8=6CC:AH ADL:G:FJ>EB:CI;::H6C96BDG:IG6CHE6G:CIEG>8>CBEA>8>IN;DG8JHIDB:GHIDJC9:GHI6C9DJGD;;:GH 6C9;DGDJG:BEADN::H>CH:GK>8:9:A>K:GN R 9G>K:HDJG67>A>INIDE68@6<:BDG:H:GK>8:H6II=:I>B:D;H6A: I=JH>C8G:6H>CK:H=><=:G8JHIDB:GH6I>H;68I>DC ADL:GH:GK>8:86AAH6C98=JGC6C9 R 6AADLH;DG8:>C8G:6H:H6II=::C9D;EGDBDI>DC6AE:G>D9H

1:H:AA#CI:GC:I6C9K>9:DE68@6<:HL>I=I=:DEI>DCID699DCKD>8:6C9BD7>A:H:GK>8:H6I6IIG68I>K:EG>8>C< )JGBD7>A: 8JHIDB:GH86C8=DDH:DC:D;ILDH>BEA:L6NHIDE6N;DG96I6 JHIDB:GH86C8=DDH:;GDBJCA>B>I:996I6EA6CHDG7N I=: <>< 96I6JH6<:EA6CH6C9EG>8>C<>C8AJ9:H6AAI6M:H6C9;::H AAEA6CH>C8AJ9:;G::C6I>DCL>9:I6A@6C9I:MI6C98JHIDB:GH86C :6H>AN HL>I8= 7:IL::C BD7>A: 96I6 EA6CH 9JG>C< I=: BDCI= JHIDB:GH 86C 6AHD EJG8=6H: BD7>A: 9:K>8:H 6C9 688:HHDGN EGD9J8IH6C9=6K:I=:DEI>DCIDE6N;DG9:K>8:HJC9:G>CI:G:HI ;G::BDCI=AN>CHI6AAB:CIEA6CH

#B?"2AD

)JGC:ILDG@>C8AJ9:HI=G::@:N8DBEDC:CIH6C6I>DC6A768@7DC: G:<>DC6AB:IGDC:ILDG@H6C96VA6HI B>A:WC:ILDG@ DI= DJG C6I>DC6A 768@7DC: 6C9 G:<>DC6AB:IGD C:ILDG@ 8DBEDC:CIH JI>A>O: 6 G:9JC96CI #* G>C<B:H= 6G8=>I:8IJG: .=: C6I>DC6A 768@7DC:8DBEDC:CIEGDK>9:H8DCC:8I>K>IN;GDBG:<>DC6A9:B6G86I>DCED>CIHIDC6I>DC6AAN8:CIG6A>O:98DCI:CI 8DCC:8I>K>IN6C9 H:GK>8:H .=:G:<>DC6AB:IGDC:ILDG@8DBEDC:CIHEGDK>9:8DCC:8I>K>IN7:IL::CI=:G:<>DC6A9:B6G86I>DCED>CIH6C9=:69:C9H L>I=>C6HE:8>;>8<:D86G:66C9:C67A:I=:9:A>K:GND;8DCI:CI6C9H:GK>8:H7:IL::CI=:H:C:ILDG@8DBEDC:CIH

)JGA6HI B>A:C:ILDG@JI>A>O:H6=N7G>9;>7:G8D6M>6A867A:V" W6G8=>I:8IJG: L=>8=8DB7>C:HI=:JH:D;;>7:GDEI>8867A: L>I=8D6M>6A867A: #CBDHIHNHI:BH L:9:A>K:GDJGH>6;>7:GDEI>8867A:;GDBI=:=:69:C9ID66A 867A: ID 9:A>K:G I=: H>C9>K>9J6A CD9:H ID I=: =DB:H H:GK:9 7N I=6I CD9: DG DJG -E:8IGJB CI:GEG>H: 8JHIDB:GH ;>7:GDEI>8867A:>H:MI:C9:9;GDB>C9>K>9J6ACD9:HIDI=:8JHIDB:GXHH>I: DG8:GI6>CC:L7J>A96C9'/H>I:H L: >C8G:6H>CC<;>7:GIDI=:8JHIDB:GH>I: )JG9:H>7:GHIG6C9HID:68=CD9:ID7:JI>A>O:9;DG 699>I>DC6AG:H>9:CI>6AIG6;;>886E68>IN 6C9:CI:GEG>H:8JHIDB:GC::9H6HI=:N6G>H: 1:7:A>:K:I=6II=>H=N7G>9C:ILDG@9:H>9:H=><=86E68>IN6C9H>IN " 6G8=>I:8IJG:7:C:;>IH>C8AJ9:

R 76C9L>9I=86E68>INID:C67A:IG69>I>DC6A6C9ILD L6NK>9:D6C97GD6976C9H:GK>8:H R 9:9>86I:976C9L>9I=;DGILD L6NH:GK>8:H6C9 R H>IN6C9=><=H:GK>8:G:A>67>A>IN

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

1: 6AHD E6GI>8>E6I:9 >C E=6H: # D; I=: ,JG6A ><>I6A )EEDGIJC>IN JC9 V,) W 6J8I>DC ID ;JGI=:G :MI:C9 DJG 7GD6976C9 H:GK>8:H>CHI6I:HL=:G:L:8JGG:CIANDE:G6I: .=:EJGEDH:D;*=6H:#D;,) L6HID7G>C<7GD6976C9IDJCH:GK:96G:6H EEGDM>B6I:AN 7>AA>DCL6H6L6G9:9C6I>DCL>9:>C*=6H:#D;,) I=GDJ<=6G:K:GH:6J8I>DCEGD8:HHD;L=>8=L:LDC6 7>99>CAA>DC>C:8:B7:G 1::ME:8IID;JC9DJGBJAI> 7>AA>DC9DAA6G;>7:G 76H:97J>A9 DJIDK:G6H>M ID :><=I N:6G E:G>D9 .=>H >CK:HIB:CI L>AA 6AADL JH ID <:C:G6I: ADC< I:GB >C;G6HIGJ8IJG: HINA: G:IJGCH 7N ;JGI=:G I6@>C< 69K6CI6<: D; I=: :;;>8>:C8>:H D; I=: H86A: 6C9 FJ6A>IN D; DJG C:ILDG@ 6C9 8DCHIGJ8I>DC 86E67>A>I>:H L=>A: D;;:G>C< DJG =><= FJ6A>IN EGD9J8IH 6C9 H:GK>8:H ID BDG: =DB:H 6C9 7JH>C:HH:H 1::ME:8I C:LAN H:GK:9 =DB:H L>AA 7: :C67A:9 ID :C<6<: >C 9>HI6C8: A:6GC>C< G:BDI: LDG@ I:A:B:9>8>C: 6C9 DI=:G 76C9L>9I= =:6KN 6EEA>86I>DCH I=6I G:FJ>G: =><= HE::9 7GD6976C9 8DCC:8I>K>IN (:LAN H:GK:9GJG6A6G:6HLDJA96AHD7:C:;>I;GDBDJG=><= K6AJ:-**HIGJ8IJG:>C8AJ9>C8:6C9BD7>A: D;;:G>CK:H:A:8I>DCD;K>9:DEGD9J8IH .=:HJ88:HH;JA6C9I>B:AN:M:8JI>DCD;HJ8=7J>A9 DJI>H 9:E:C9:CIDC6K6G>:IND;:MI:GC6A;68IDGH >C8AJ9>CA>INEDA:E:GB>II>CI=;:L:G=DB:H

6C97JH>C:HH:H>CI=:H:6G:6H 7GD6976C9EGDK>9:GHC::9ID688:HHBJAI>EA:EDA:HE:G=DB: 6HDEEDH:9IDBJAI>EA:=DB:HE:G EDA: >C =><=:G 9:CH>IN H:II>C86I>DCH EDA: G:EA68:B:CI GJA:H 6C9 I=:>G 6;;>A>6I:9 >HHJ: G:HDAJI>DC EGD8:HH:H6G:6AA;68IDGHI=6I86C=6K:6H>;>86CI>BE68IDC7J>A9 DJII>B>C<6C9HE::9ID8DBEA:I>DC .=:,) 6J8I>DC GJA:H:HI67A>H=8DCHIGJ8I>DCB>A:HIDC:H;DGI=:7J>A9 DJIJI>A>O>C<,) ;JC9>C< 6>AJG:IDB::II=DH:B>A:HIDC:H8DJA9HJ7?:8I I=:8DBE6CNID;>C6C8>6AE:C6AI>:H

!.;.42:2;AB@A<:2?#=2?.A6<;@.;1!.?82A6;4

)JG DE:G6I>DCH 6G: 8:CIG6A>O:9 L>I= H:C>DG :M:8JI>K:H G:HEDCH>7A: ;DG 8DDG9>C6I>C< 6C9 DK:GH::>C< DE:G6I>DCH >C8AJ9>C< :HI67A>H=>C< 8DBE6CN L>9: HIG6I:<>:H EDA>8>:H 6C9 EGD8:9JG:H -6A:H 6C9 B6G@:I>C< C:ILDG@ DE:G6I>DCH ;>:A9 DE:G6I>DCH 8JHIDB:GDE:G6I>DCH :C<>C::G>C< 69K:GI>H>CDCH >C;DGB6I>DCI:8=CDADC6C8:6G:6AA9>G:8I:96II=:8DGEDG6I:A:K:A ,:<>DC6A6C9AD86A;>:A9DE:G6I>DCH6G:G:HEDCH>7A:;DG8JHIDB:GEG:B>H:H:GK>8: IG6CH68I>DCH 6C9 B6>CI6>C>C< 6C9 8DCHIGJ8I>C< I=6I EDGI>DC D; DJG C:ILDG@ L=>8= >H AD86I:9 DJI9DDGH )JG ;>:A9 DE:G6I>DCH HIG6I:C8AJ9:H8DBEA:I>C<6H>;>86CIEDGI>DCD;DJG68I>K>INL>I=DJG:BEADN::HL=>8=L:;>C99G>K:H8DCH>HI:CI6C9=><=:G FJ6A>INH:GK>8:H #C DJG>C =DJH:;>:A9DE:G6I>DCHLDG@;DG8:=6C9A:96EEGDM>B6I:AND;DJG8JHIDB:GEG:B>H:H:GK>8: IG6CH68I>DCH

1:8DCI>CJ:ID;D8JHDC>BEGDK>C:C8:I=GDJ<=:C=6C8:9EGD9J8ID;;:G>C67>A>IND;H:GK>8:H 6C9 9:A>K:GND;FJ6A>IN8JHIDB:GH:GK>8: HE6GID;DJGDE:G6I>CCHDJG8:BDHID;DJG8JHIDB:GDE:G6I>DCHLDG@AD69 )JG>C =DJH:86AA8:CI:GH=6C9A:DK:GD;DJGIDI6A867A:8JHIDB:GH:GK>8:86AAH 1:B6C6<:DJG8JHIDB:GH:GK>8:86AA 8:CI:GH8:CIG6AANID:CHJG:68DCH>HI:CI =><=FJ6A>IN8JHIDB:G:ME:G>:C8: #C699>I>DC L:GDJI:86AAH7N86AAINE:IDHE:8>;>8 6<:CIHI=6IDCAN=6C9A:HJ8=86AAINE:H :C67A>C<6<:CIHID7:8DB::ME:GIH>C699G:HH>C;>88JHIDB:GC::9H 8G:6I>C<6 7:II:G8JHIDB:G:ME:G>:C8: )JG86AA8:CI:G6<:CI9:H@IDE>CI:G;68:IDDA:C67A:HK>GIJ6A>O6I>DCD;6AA86AA8:CI:GHI=:G:7N7:II:G H:GK>CGIJ6A>O6I>DC6AADLH86AAHID7:GDJI:968GDHHDJG86AA8:CI:GHG:<6G9A:HHD;I=:AD86I>DCDG><>CD;I=: 86AA G:9J8>C<86AAL6>II>B:H 6C9H6K>C<8DHIH 1:8DCI>CJ:IDB>GIJ6A>O6I>DC6C9:ME:8I6AADJG 86AA8:CI:GHID7:;JAANK>GIJ6A>O:97N

1: 6AHD EGDK>9: 8JHIDB:GH L>I= I=: DEEDGIJC>IN ID >CI:G68I L>I= JH I=GDJ<= 6 K6G>:IN D; ;DGJBH >C 699>I>DC ID I:A:E=DC>8 8DBBJC>86I>DCH >C8AJ9>C< I=GDJ<= DJG 8JHIDB:G L:7H>I: BD7>A: 9:K>8: 6EEA>86I>DCH DCA>C: 8=6I 6C9 HD8>6A B:9>6 )JG 8JHIDB:GL:7H>I:H6C9BD7>A:6EEA>86I>DCH:C67A:8JHIDB:GHIDE6NI=:>G7>AAH B6C6<:I=:>G688DJCIH DG9:GC:LH:GK>8:H6C9 JI>A>O:H:A; H:GK>8:=:AE6C9HJEEDGI #C699>I>DC DJGH:A; >CHI6AAEGDCHI6AA6I>DCHID8DCI>CJ:9:HE>I: )0# HD8>6A9>HI6C8>C<8=6AA:C<:H

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

$?<4?.::6;4

1:7:A>:K:I=6ID;;:G>C<6L>9:K6G>:IND;K>9:DEGDC<8=D>8:H>C;AJ:C8:H68JHIDB:GXH9:8>H>DCIDHJ7H8G>7:ID6C9 G:I6>C DJG 867A: K>9:D H:GK>8:H 1: D7I6>C 76H>8 6C9 EG:B>JB EGDC< JHJ6AAN EJGHJ6CI ID LG>II:C 8DCIG68IH ;GDB 6 CJB7:GD;HJEEA>:GH ':9>68DGEDG6I>DC6C97GD6986HIHI6I>DC96I>DC=6H =DL:K:G G:HJAI:9>C;:L:GHJEEA>:GH 6C9 699>I>DC6A H:AA>C< EDL:G DC I=: E6GI D; EGDC< HJEEA>:GH AI=DJ<= 6C >CH>;>86CI 6BDJCI D; DJG EGDC< 7J9<:I G:8:CIANL:=6K:7:C<>CID6K:ANA>8:CH:DG><>C6A8DCI:CIL=>8=<>K:JHI=: G><=IIDEGDK>9:DJG8JHIDB:GHL>I=8:GI6>C:M8AJH>K:8DCI:CI;DG6E:G>D9D;I>B:

*GDC<>HJHJ6AANB69:6K6>A67A:IDJH;DG6A>8:CH:;:: L=>8=>H<:C:G6AANE6>976H:9DCI=:CJB7:GD;8JHIDB:GHID L=DB L: B6@: I=6I EGDC< 6K6>A67A: *GDC< A>8:CH: ;::H B6N >C8AJ9: VKDAJB:W 9>H8DJCIH 6C9 ;>C6C8>6A >C8:CI>K:HIDHJEEDGII=:A6JC8=D;68=6CC:A6C9DGDCCCH8DJCIH;DG8=6CC:AEA68:B:CIDG H:GK>8: E:C:IG6I>DC DG =DB: H=DEE>C< 8=6CC:AH L: INE>86AAN G:8:>K: 6 E:G8:CI6<: D; I=: G:K:CJ: 6IIG>7JI67A: ID DJG

 8JHIDB:GHXEJG8=6H:H 1:6AHDD;;:G0)6C9E6N E:G K>:L8=6CC:AHD;BDK>:H6C9:K:CIHI=6I6G:HJ7?:8IID6G:K:CJ:HEA>I L>I=I=:8DCI:CIEGDK>9:G

)JGEGDC<8DHIH=6K:=>HIDG>86AAN>C8G:6H:9>C:M8:HHD;8JHIDB6GN>C;A6I>DC6GN6C98DHI D; A>K>CC8G:6H:H 1: :ME:8I EGDC< 8DHIH E:G 8JHIDB:G ID >C8G:6H: 9J: ID 6 K6G>:IN D; ;68IDGH >C8AJ9>C< 6CCJ6A >C8G:6H:H EJGHJ6CI ID DJG EGDC< 8DCIG68IH 8DCIG68I G:C:L6AH L>I= EGD6<: D; >C8G:B:CI6A EGDC< >C8AJ9>C< C:L H:GK>8:H 6C9 0) EGDC< #C8G:6H:H >C I=: 8DHI D; HEDGIH EGDC< 6C9 I=: 6BDJCIH E6>9 ;DG 7GD6986HI HI6I>DC G:IG6CHB>HH>DC 8DCH:CI =6K: 7::C I=: A6G<:HI 8DCIG>7JIDGH ID I=: C DJG EGDC< 8DHIH DK:G I=: A6HI ;:L N:6GH 99>I>DC6AAN I=:9:B6C9HD;A6G<:B:9>68DBE6C>:HL=DA>C@86GG>6<:D;I=:>GBDHIEDEJA6GC:ILDG@HID86GG>6<:6C98DHI >C8G:6H:HD;I=:>GA:HHEDEJA6GC:ILDG@H6C9L=DG:FJ>G:JHID86GGNI=:>GBDHIEDEJA6GC:ILDG@HID6A6G<:E:G8:CI6<:D;DJG K>9:D HJ7H8G>7:GH =6K: A>B>I:9 DJG ;A:M>7>A>IN >C 8G:6I>C< BDG: I6>ADG:9 6C9 8DHI H:CH>I>K: EGDC< E68@6<:H ;DG 8DCHJB:GH

:9:G6AA6L6AADLH8DBB:G8>6AI:A:K>H>DC7GD6986HIHI6I>DCHIDB6@:6C:A:8I>DC7:IL::CVBJHI 86GGNWG><=IH6C96C6AI:GC6I>K: VG:IG6CHB>HH>DC 8DCH:CIW G:<>B: 1=:C 6 HI6I>DC DEIH ;DG G:IG6CHB>HH>DC 8DCH:CI L: 6G: CDI 6AADL:9 ID 86GGN I=: HI6I>DCXH H>I=DJII=6IHI6I>DCXHE:GB>HH>DC DCI>CJ>C<9:B6C9H7NDLC:GHD;7GD6986HIHI6I>DCH;DG86H=E6NB:CIH6IHJ7HI6CI>6A >C8G:6H:H DK:G 6BDJCIH E6>9 >C EG>DG N:6GH >C :M8=6C<: ;DG G:IG6CHB>HH>DC 8DCH:CI L>AA >C8G:6H: DJG EGDC< 8DHIH DG G:FJ>G:JHID8:6H:86GG>6<:D;EDEJA6GEGDC< EDI:CI>6AANA:69>CC6;;:8I:9H:GK>8:6G:6H

)K:GI=:E6HIH:K:G6AN:6GH >C8G:6H:H>CDJGK>9:DH:GK>8:G6I:H=6K:CDI;JAAND;;H:II=:>C8G:6H:H>CDJGEGDC<8DHIH 6C9L>I=I=:>BE68ID;>C8G:6H>C<8DBE:I>I>DC6C9DI=:GB6G@:IEA68:;68IDGH L:9DCDI:ME:8II=:>C8G:6H:H>CDJGK>9:DH:GK>8: G6I:HID;JAAND;;H:II=:>C8G:6H:>CDJGEGDC<8DHIHE:G8JHIDB:G;DGI=:;DG:H::67A:;JIJG: AI=DJ<=L:E6HH6ADC<6 EDGI>DCD;6BDJCIHE6>9;DGG:IG6CHB>HH>DC8DCH:CIIDI=:B6?DG>IND;DJG8JHIDB:GH DJG>C67>A>INID;JAANE6HHEGDC< 8DHI>C8G:6H:HDCIDDJGK>9:D8JHIDB:GH=6H=69 6C9>H:ME:8I:9>CI=:;JIJG:ID=6K: 6C69K:GH:>BE68IDCDJG86H=;ADL6C9 DE:G6I>CCH6HHD8>6I:9L>I=DJGK>9:DEGD9J8I #CDG9:GIDB>I><6I:G:9J8I>DCHD;DJGDE:G6I>CCH9J:IDG6E>9AN >C8G:6H>CC<8DHIH L:8DCI>CJ:IDG:K>:LDJGEG>8>C<6C9EGDCC:H

)JGEGDC<8DCIG68IH6G:<:C:G6AAN;DG6;>M:9E:G>D9D;I>B: JHJ6AAN;DGBJAI>EA:N:6GH 6C96G:HJ7?:8IIDC:6I:9 G:C:L6A .=:8DCIG68IHH:IID:ME>G:>C6CNE6GI>8JA6GN:6GK6GN 1:L>AAH::@IDG:C:LI=:H:6:K:6G:;6KDG67A: .=:G:86C7:CD6HHJG6C8: =DL:K:G I=6II=:H:6AA7:G:C:L:9DC;6KDG67A:DG8DBE6G67A: I:GBH .DI=::MI:CII=6IL:6G:JC67A:IDG:68=6I=8:GI6>CEGD:K:6G:G:6HDC67A: L:=6K:7::C 6C9B6N>CI=:;JIJG:7: ;DG8:9IDG:BDK:HJ8=EGDC<8=6CC:AH;GDBDJGA>C: JE L=>8=B6NG:HJAI>C6 ADHHD;8JHIDB:GH

<:=2A6A6<;

&2@612;A6.9'2?C602@

1:;68:>CI:CH:8DBE:I>I>DC;DGG:H>9:CI>6A8JHIDB:GH 7DI=;GDB:M>HI>C<8DBE:I>IDGH6C9 6H6G:HJAID;I=:G6E>99:K:ADEB:CI D;C:LI:8=CDAD<>:H H:GK>8:H6C9EGD9J8IH ;GDBC:L:CIG6CIH

8>/<8/>97:/>3>398

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

 '3./997:/>3>398

)JGG:H>9:CI>6AK>9:DH:GK>8:;68:H8DBE:I>I>DC;GDB-H:GK>8:EGDK>9:GH L=>8==6K:6C6I>DC6A;DDIEG>CI6C98DBE:I:>C6AA D;DJGDE:G6I>C<6G:6H -EGDK>9:GHD;;:GH6I:AA>I: 9:A>K:G:9EG: E68@6<:9EGDC8:HI=6I86C7:G:8:>K:97N G:A6I>K:ANHB6AA6C9>C:ME:CH>K:G:8:>K>C<9>H=:H -EGDK>9:GHD;;:G6<K:EGDBDI>DC6AEG>8>C< :M8AJH>K:EGDC< : < ( & -JC96N .>8@:I 6C9 K>9:D H:GK>8:H I=6I 6G: 8DBE6G67A: >C B6CN G:HE:8IH ID DJG G:H>9:CI>6A K>9:D H:GK>8: )JG G:H>9:CI>6A K>9:D H:GK>8: 6AHD ;68:H 8DBE:I>I>DC ;GDB A6G<: I:A:8DBBJC>86I>DCH 8DBE6C>:H EG>B6G>AN GDCI>:G >)- 6C9 0:G>ODC >DH L=>8=D;;:GL>G:A>C:K>9:DH:GK>8:H>CH>;>86CIEDGI>DCHD;DJGDE:G6I>C<6G:6H

)JGG:H>9:CI>6AK>9:DH:GK>8:6AHD;68:HC<8DBE:I>I>DC68GDHHDJG;DDIEG>CI;GDB6CJB7:GD;DI=:GHDJG8:H >C8AJ9>C< 8DBE6C>:H I=6I 9:A>K:G A>C:6G C:ILDG@ EGDC< BDK>:H 6C9 I:A:K>H>DC H=DLH DC 9:B6C9 6C9 DI=:G K>9:D 8DCI:CI DK:G 7GD6976C9 #CI:GC:I 8DCC:8I>DCH ID I:A:K>H>DCH 8DBEJI:GH I67A:IH 6C9 BD7>A: 9:K>8:H .=:H: 8DBE:I>IDGH >C8AJ9: K>GIJ6A BJAI>8=6CC:AK>9:DEGDC<9>HIG>7JIDGHV0 '0*HWHJ8=6H"JAJ&>K: 3DJ.J7:.0 -A>C<.0 *=>AD6C9...0 )I=:GDCA>C:K>9:D7JH>C:HHBD9:AH6C9EGD9J8IH=6K:6AHD9:K:ADE:9 HDB:D;;:G:97NEGDI>DC6AAN HDA9 EGDC< 9>G:8IAN ID 8DCHJB:GH >C8AJ9>C< > HJ7H8G>EI>DC K>9:D DC 9:B6C9 V-0)W H:GK>8:H HJ8= 6H (:I;A>M EEA:.0 B6ODC*G>B: "JAJ*AJH >HC:N ")'6M *:68D8@ -AA88:HH -I6GO6C9-=DLI>B:CNI>B: >>69 HJEEDGI:9 ;G:: DCA>C: K>9:D EGD9J8IH >C8AJ9>C< 3DJ.J7: 6C9 *AJID .0 HDB: D; L=>8= D;;:G EGDC< ;DG ;G:: ID 8DCHJB:GH I=6I L: 8JGG:CIAN EJG8=6H: ;DG 6 ;:: >>> E6N E:G K>:L EGD9J8IH HJ8= 6H >.JC:H 6C9 B6ODC #CHI6CI 6C9 >K 699>I>DC6A D;;:G>CA: EGDK>9:GH L=>8= 8DCI>CJ: ID >CI:9:D H:GK>8:H 6C9 BD7>A: EGD9J8IH ">HIDG>86AAN L:=6K:<:C:G6AANK>:L:9-0)DCA>C:K>9:DH:GK>8:H6H8DBEA:B:CI6GNIDDJGDLCK>9:DD;;:G>C< 6C9L:=6K: 9:K:ADE:9 6 8ADJ9 76H:9 9: I=6I >H 86E67A: D; >C8DGEDG6I>C< K>9:D ;GDB DCA>C: K>9:D H:GK>8:H 8JGG:CIAN D;;:G:9 >C I=: B6G@:IEA68: H I=: EGDA>;:G6I>DC D; DCA>C: K>9:D H:GK>8:H 8:H ;GDB 0 '0*H 6C9 C:L 9>G:8I ID 8DCHJB:GD;;:G>CG68N6C9E6HHLDG9H=6G>C< C:<6I>K:AN>BE68II=:CJB7:GD;8JHIDB:GHEJG8=6H>C9:D EGD9J8I

'93-/97:/>3>398

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

9,36/97:/>3>398

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

#/1398+697:/>3>9<=

#CHDB:D;DJGDE:G6I>C<6G:6H DI=:G8DBE:I>IDGH=6K:7J>AIC:ILDG@HI=6ID;;:G#CI:GC:I K>9:D6C9KD>8:H:GK>8:HI=6I8DBE:I: L>I=DJGH:GK>8:H DG:M6BEA: >C8:GI6>CH:GK>8:6G:6H DJGG:H>9:CI>6A#CI:GC:I K>9:D6C9KD>8:H:GK>8:H8DBE:I:L>I=!DD7:G >C8>CC6I> :AA #C8 "6L6>>6C .:A8DB DLC:9 7N >C8>CC6I> :AA #C8 ,( .:A:8DB -:GK>8:H && !G6C9: DBBJC>86I>DCH(:ILDG@H &&6C91)1

 ..3>398+697:/>3>398

#C699>I>DCIDBJAI> 8=6CC:AK>9:DEGDK>9:GH 867A:HNHI:BH8DBE:I:L>I=DI=:GHDJG8:HD;C:LH >C;DGB6I>DC6C9:CI:GI6>CB:CI >C8AJ9>CGI:A:K>H>DC7GD6986HIG:8:EI>DC A>K::K:CIH BDK>:I=:6I:GH6C9I=:#CI:GC:I DBE:I>I>DC>H6AHDEDH:97N ;>M:9L>G:A:HH6C9H6I:AA>I:B6HI:G6CI:CC6I:A:K>H>DC-'.0HNHI:BHH:GK>C<'/H HJ8=6H8DC9DB>C>JBH 6E6GIB:CI 8DBEA:M:H 6C9EG>K6I:G:H>9:CI>6A8DBBJC>I>:H

B@6;2@@'2?C602@

1:;68:>CI:CH:8DBE:I>I>DC68GDHH:68=D;DJG7JH>C:HHH:GK>8:HEGD9J8ID;;:G>C9:D C:ILDG@>C<6C9 KD>8:H:GK>8:H;68:8DBE:I>I>DC;GDB6K6G>:IND;EGDK>9:GH6H9:H8G>7:967DK: )JG:CI:GEG>H:HDAJI>DCH6AHD;68:8DBE:I>I>DC ;GDBI=:8DBE:I>IDGH9:H8G>7:967DK:6HL:AA6H6EEA>86I>DC H:GK>8:EGDK>9:GH6C9DI=:GI:A:8DBBJC>86I>DCH86GG>:GH HJ8=6H B:IGD6C9G:<>DC6A;>7:G 76H:986GG>:GH 1C2?A6@6;4

1: ;68: >CI:CH: 8DBE:I>I>DC ;DG 69K:GI>H>C< G:K:CJ: 68GDHH B6CN 9>;;:G:CI EA6I;DGBH 6C9 ;GDB 6 L>9: G6C<: D; AD86A 6C9 C6I>DC6A8DBE:I>IDGH 9K:GI>H>C<8DBE:I>I>DC=6H>C8G:6H:96C9L>AAA>@:AN8DCI>CJ:ID>C8G:6H:6HC:L69K:GI>H>C<6K:CJ:H H::@ ID 6IIG68I I=: H6B: 69K:GI>H:GH 1: 8DBE:I: ;DG 69K:GI>H>C< G:K:CJ: 6<6>CHI 6BDC< DI=:GH AD86A 7GD6986HI HI6I>DCH C6I>DC6A867A:6C97GD6986HIC:ILDG@H G69>DHI6I>DCH EG>CIB:9>66C9DCA>C:69K:GI>H>C<8DBE6C>:H6C98DCI:CIEGDK>9:GH

'2.@<;.96AF.;1F0960.96AF

)JG 7JH>C:HH >H HJ7?:8I ID H:6HDC6A 6C9 8N8A>86A K6G>6I>DCH )JG G:HJAIH 6G: >BE68I:9 7N I=: H:6HDC6A C6IJG: D; 8JHIDB:GH G:8:>K>C8:H>C8DAA:<:6C9K686I>DCH:GK>8:6G:6H )JGG:K:CJ:>HHJ7?:8IID8N8A>86A69K:GI>H>CCK>:L:GH=>EA:K:AH )JG69K:GI>H>CH<:C:G6AAN=><=:G>CI=:H:8DC96C9;DJGI=86A:C96GFJ6GI:GHD;:68= N:6G 9J:>CE6GIID>C8G:6H:H>C8DCHJB:G69K:GI>H>C<>CI=:HEG>C<6C9>CI=:E:G>D9A:69>CC8AJ9>C96N H:6HDC / - 69K:GI>H>C< G:K:CJ: >H 6AHD 8N8A>86A 7:C:;>I>C<>C :K:C CJB7:G:9 N:6GH ;GDB 69K:GI>H>C< G:A6I:9 ID 86C9>96I:H GJCC>C<;DGEDA>I>86AD;;>8:6C9>HHJ: DG>:CI:969K:GI>H>C< )JG86E>I6A:ME:C9>IJG:H6C9IG69:LDG@>C<86E>I6A6G:6AHDHJ7?:8IID H>;>86CIH:6HDC6A>IN76H:9DCI=:I>B>C7:G;>8EGD?:8IH6C98DCHIGJ8I>DC

&24B9.A6<;.;1 [email protected]<;

.=:;DAADL>CHA6I>K:9:K:ADEB:CIH6;;:8I>CC9JHIGN6C9DJGH:GK>8:H ;DG 7DI= G:H>9:CI>6A 6C9 8DBB:G8>6A 8JHIDB:GH 67A: HNHI:BH 6C9 G:A6I:9 8DBBJC>86I>DCH C:ILDG@H 6C9 H:GK>8:H 6G: :MI:CH>K:ANG:B6G>ANI=: 8:GI6>CHI6I:AJG:ID8DBEANL>I=I=:H:G:DCH8DJA9HJ7?:8IJHIDHJ7HI6CI>6AE:C6AI>:H )JG7JH>C:HH86C7:9G6B6I>86AAN>BE68I:9 7N8=6C<:HIDI=::M>HI>C<<:G:97NA:<>HA6I>K: 69B>C>HIG6I>K: DG?J9>8>6AGJA>CH>I:9I=:HJ7?:8ID;8DBBJC>86I>DCHG:DC6C9I=:N6G:A>@:ANID9DHD6<6>C>CI=:;JIJG: =6C<:H>CA:<>HA6I>DC G:DC6C9G:I>86A:A:8I>DCH 1: 8DJA9 7: B6I:G>6AAN 9>H69K6CI6<:9 >C I=: ;JIJG: >; L: 6G: HJ7?:8I ID C:L A6LH G:DCH DG G:DCH I=6I 9D CDI :FJ6AAN >BE68I DJG @:N 8DBE:I>IDGH DG :M6BEA: #CI:GC:I 9:A>K:G:9 HIG:6B>C< K>9:D H:GK>8:H 8DBE:I: L>I= DJG IG69>I>DC6A K>9:DH:GK>8: 7JII=:N6G:CDIHJ7?:8IIDI=:H6B:A:K:AD;;:9:G6A HI6I: 6C9AD86AG:DC 1:86CCDIEGDK>9:6HHJG6C8:I=6I I=:6AG:69N:MI:CH>K:G:DCD;DJG7JH>C:HHL>AACDI7::ME6C9:9>CI=:;JIJG: #C699>I>DC L:6G:HJ7?:8IID=6GI:G HE:8>;>8 8DC9>I>DCH G:<6G9>C< 8:GI6>C 7JH>C:HH EG68I>8:H 6H 6 G:HJAI D; I=: XH 6EEGDK6A D; I=: B:G<:G >C L>I= .>B: 16GC:G67A:#C8 .16C968FJ>H>I>DCD;G><=I"DJH:(:ILDG@H &&G><=I"DJH:

*612<'2?C602

?=>+<<+8=73==39898=/8>

.=:G: 6G: ILD 6AI:GC6I>K: A:<6A B:I=D9H ;DG 86GG>6<: D; AD86A 7GD6986HI I:A:K>H>DC HI6I>DCH DC 867A: HNHI:BH :9:G6A VBJHI 86GGNWG:DCHG:FJ>G:867A:HNHI:BHID86GGNAD86A7GD6986HII:A:K>H>DCHI6I>DCHJEDCI=:G:FJ:HID;I=:AD86A7GD6986HI:G AI:GC6I>K:AN ;:9:G6AA6L>C8AJ9:HVG:IG6CHB>HH>DC8DCH:CIWG:DCH 7NL=>8=EDEJA6G8DBB:G8>6AI:A:K>H>DCHI6I>DCH86C EGD=>7>I867A:86GG>6<:JCA:HHI=:867A:DE:G6IDG;>GHIC:6I:H;DGVG:IG6CHB>HH>DC8DCH:CI WL=>8=B6N7:8DC9>I>DC:9DC H>;>86CI E6NB:CIH DG DI=:G 8DC8:HH>DCH *DEJA6G HI6I>DCH >CKD@>C< VG:IG6CHB>HH>DC 8DCH:CIW =6K: 7::C 9:B6C9>C<

 HJ7HI6CI>6A 8DBE:CH6I>DC >C8G:6H:H >C I=:>G G:8:CI C:6I>DCH L>I= 867A: DE:G6IDGH I=:G:7N H>;>86CIAN >C8G:6H>C< DJG DE:G6I>C<8DHIH

!96/>>+-27/8>=

.=: DBBJC>86I>DCH 8I D; 6H 6B:C9:9 I=: DBBJC>86I>DCH 8I G:FJ>G:H BDHI JI>A>I>:H DLC>C< JI>A>IN EDA:H ID EGDK>9:867A:HNHI:BHL>I=688:HHIDEDA:H6C98DC9J>IH6C96AHDHJ7?:8IHI=:G6I:H8=6G<:9;DGI=>H688:HHID:>I=:G;:9:G6ADG HI6I: G:DC .=: ;:9:G6AAN G:867A: ID EDA: 6II68=B:CIH JH:9 ;DG 867A: #CI:GC:I 6C9 I:A:8DBBJC>86I>DCHH:GK>8:H6G:HJ7HI6CI>6AANH>B>A6G .=: H6EEGD68=9D:HCDI9>G:8IAN6;;:8II=:G6I:>CHI6I:HI=6IH:A; G:6AANI=:H6B:G6I:;DG6AA8DBBJC>86I>DCH6II68=B:CIH

+,6/#+>/#/1?6+>398

*JGHJ6CI ID ;:9:G6A A6L 6 867A: HNHI:BH K>9:D D;;:G>CK:GH6AAN :M:BEI ;GDB G6I: G:DC :M8:EI ;DG 6 867A: HNHI:BXH B>C>BJB A:K:A D; K>9:D EGDC< H:GK>8: G:;:GG:9 ID 6H V76H>8 H:GK>8: W 6C9 6HHD8>6I:9 :FJ>EB:CI G:DCHG:FJ>G:6AD86A;G6C8=>H:6JI=DG>IN>CI:G:HI:9>CG:C8H:GK>8:6C96HHD8>6I:9:FJ>EB:CIID;>GHI B6@:6C6;;>GB6I>K:H=DL>CHCDV:;;:8I>K:8DBE:I>I>DCW6H9:;>C:9JC9:G;:9:G6AA6L>CI=:8DBBJC>IN !>K:C I=:8DBE:I>I>K:C6IJG:D;DJGB6G@:IH I=: G:8:CIANG:H8>C9:98:GI>;>86I>DCH;DGI=:G:A6I>K:AN;:L8DBBJC>I>:HL=:G:L: =697::CHJ7?:8IIDG6I:G:DC #I>HEDHH>7A:I=6II=>HG:H8>HH>DC8DJA97:G:K:GH:9 I=:8DBE:I>I>K:H>IJ6I>DC8DJA98=6C<: 6C9I=6IHDB:AD86A;G6C8=>H>C<6JI=DG>I>:HB6N7:8:GI>;>:9IDG:CI=:;JIJG: #C699>I>DC I=:.:A:K>H>DC0>:L:G DCHJB:G *GDI:8I>DC 8I D; 6C9 DI=:G :M>HI>C< 6C9 EDI:CI>6A A6LH 6C9 G:DCH B6N 6;;:8I DJG B6G@:I>C< EG68I>8:H >C8AJ9>CH8ADHJG:6C9>I:B>O6I>DCD;HJ7H8G>7:G;::H

>2/<#/1?6+>9>/<=

.=:DBBJC>86I>DCH8I6C9 G:DCH8DK:G6K6G>:IND;699>I>DC6A6G:6H6EEA>867A:IDDJGK>9:DH:GK>8:H >C8AJ9>C< 6BDC< DI=:G I=>C8:CH>C< D; HNHI:BH 6C9 ;68>A>I>:H >C8AJ9>C< I=: DJH HE:8IGJB A>8:CH:H :FJ6A :BEADNB:CIDEEDGIJC>IND7A><6I>DCH8JHIDB:GH:GK>8:HI6C96G9HI:8=C>86AH:GK>8:HI6C96G9HB6C96IDGN7A68@DJIH D; 8:GI6>C C:ILDG@ 6C9 HNC9>86I:9 EGDC< G:HIG>8I>DCH DC EDA>I>86A 69K:GI>H>C< G:HIG>8I>DCH DC 69K:GI>H>C< >C 8=>A9G:CXHEGDC<DLC:GH=>EG:HIG>8I>DCHB6>CI:C6C8:D;EJ7A>8;>A:H:B:G<:C8N6A:GIHNHI:BH>CH>9: L>G>C<6C9:M8AJH>K:8DCIG68IH;DG'/8DBEA:M:H9>H67>A>IN688:HH >C8AJ9>CG:B:CIHC9:D 9:H8G>EI>DC 6C9 8ADH:9 86EI>DC>C< 8DBE:I>I>K: 6K6>A67>A>IN D; 867A: :FJ>EB:CI I=: EGDK>H>DC D; JE ID D; K>9:D 8=6CC:A 86E68>IN;DG8DBB:G8>6AA:6H:9688:HH7NJC6;;>A>6I:9I=>G9E6GI>:H6C9EJ7A>8 :9J86I>DC6C9IN688:HH G:FJ>G:B:CIH 68=D;I=:H:G:DCHG:HIG>8IHDJG7JH>C:HHEG68I>8:HIDK6GN>C<9:BEDH:699>I>DC6A8DHIHDC DJGDE:G6I>DCH

.=: G:CL6NHI=6I8DJA9>BE68IDJGDE:G6I>DCH DG:M6BEA: I=: =6H69DEI:96EA6CID G:6AAD86I:8:GI6>CHE:8IGJB;DGC:LL>G:A:HH8DBBJC>86I>DCHEJGEDH:H L=>8=8DJA97:9>HGJEI>K:IDI=:H6I:AA>I:EA6I;DGBL: G:AN JEDC ID EGDK>9: DJG K>9:D H:GK>8:H .=: >H 6AHD EG:E6G>C< ID B6@: 699>I>DC6A HE:8IGJB 6K6>A67A: ;DG 8DBB:G8>6A H:GK>8:H L=>8=L:B><=I68FJ>G:ID9:A>K:GH:GK>8:H>CI=:;JIJG: )JG67>A>INID688:HH6C9JH:HJ8=HE:8IGJB>HJC8:GI6>C6C9 B6N7:A>B>I:97N;JGI=:G 6J8I>DCDG6AAD86I>DC9:8>H>DCH (:LHE:8IGJBD7I6>C:97NDI=:GE6GI>:H8DJA96AHDA:69ID 699>I>DC6AL>G:A:HH8DBE:I>I>DCIDDJG:M>HI>C<6C9;JIJG:H:GK>8:H

#I>HEDHH>7A:I=6IDCAA:ME6C9DGBD9>;N>IHG:DCD;867A:HNHI:BH6C98DBE:I>C8:H>CI=: ;JIJG: 6C9L:86CCDIEG:9>8I6II=>HI>B:=DLI=6IB><=I>BE68IDJG7JH>C:HH

9:C<312>

67A:HNHI:BH6G:HJ7?:8IID6;:9:G6A8DBEJAHDGN8DENG><=IA>8:CH:8DK:G>C<86GG>6<:D;I:A:K>H>DC6C9G69>D7GD6986HIH><=IA6LEGDK>9:H8DENG><=IDLC:GHI=:G><=IID6J9>IDJGE6NB:CIHJC9:GI=:8DBEJAHDGNA>8:CH: 6C9I=:DENG><=I );;>8: >H 8JGG:CIAN 8DCH>9:G>C< BD9>;>86I>DCH ID I=: A>8:CH:XH GDN6AIN 86A8JA6I>DCH 6C9 G:EDGI>C< D7A><6I>DCH .=: EDHH>7A: BD9>;>86I>DCDG:A>B>C6I>DCD;I=>HA>8:CH:>HI=:HJ7?:8ID;8DCI>CJ>CHA6I>K:EGDEDH6AH6C969B>C>HIG6I>K:G:K>:L6C98DJA9 69K:GH:AN6;;:8IDJG67>A>INIDD7I6>C9:H>G:97GD6986HIEGDC<

<+8-23=/+>>/<=

)JG867A:HNHI:BH<:C:G6AAN6G:DE:G6I:9EJGHJ6CIIDCDC:M8AJH>K:;G6C8=>H:H E:GB>IH 6C9H>B>A6G6JI=DG>O6I>DCH8>E6A>INDGDI=:GHI6I:DGAD86AIN>CDG9:GIDJI>A>O:6C98GDHHEJ7A>8G><=IH D; L6N

67A:;G6C8=>H:H<:C:G6AAN6G:M:9I:GBH6C9>CB6CN86H:H>C8AJ9:BDC:I6GNE:C6AI>:H;DGCDC8DBEA>6C8:6C9 B6N 7: I:GB>C67A: >; I=: ;G6C8=>H:: ;6>AH ID 8DBEAN L>I= B6I:G>6A EGDK>H>DCH .=: HE:8>;>8 I:GBH 6C9 8DC9>I>DCH D; 867A: ;G6C8=>H:HK6GNH>;>86CIAN7:IL::C?JG>H9>8I>DCH .=:N<:C:G6AAN8DCI6>CEGDK>H>DCHC<867A:DE:G6I>DCH ;G6C8=>H: ;::H HNHI:B 8DCHIGJ8I>DC B6>CI:C6C8: I:8=C>86A E:G;DGB6C8: 8JHIDB:G H:GK>8: HI6C96G9H HJEEDGI>C< 6C9 86GGN>C< EJ7A>8 688:HH 8=6CC:AH 6C9 8=6C<:H >C I=: DLC:GH=>E D; I=: ;G6C8=>H:: AI=DJ<= AD86A ;G6C8=>H>C< 6JI=DG>I>:H =6K: 8DCH>9:G67A: 9>H8G:I>DC>C:HI67A>H=>C<;G6C8=>H:I:GBH 8:GI6>C;:9:G6AEGDI:8I>DCH7:C:;>I867A:DE:G6IDGH DG:M6BEA: ;:9:G6AA6L>BEDH:H 686EDC;G6C8=>H:;::H #C I=: 8A6G>;>:9I=6I>C @>C98DCIG>7JI>DCG:FJ>G:B:CIHH:I;DGI=>C867A:;G6C8=>H:H6G: HJ7?:8I ID I=: HI6IJIDGN 86E DC ;G6C8=>H: ;::H 6C9 >I G:6;;>GB:9 I=6I HI6I: 6C9 AD86A 6JI=DG>I>:H 6G: 76GG:9 ;GDB >BEDH>C< 9JEA>86I>K: ;G6C8=>H: 6C9DG ;:: G:FJ>G:B:CIH DC ;G6C8=>H:9 867A: HNHI:BH EGDK>9>C< CDC 867A: H:GK>8:H C 6EE:6A D; I=: XHDG9:G>HE:C9>C<>C;:9:G6A8DJGI

CJB7:GD;HI6I:H=6K:69DEI:9;G6C8=>H>C9:;DGHI6I:L>9:;G6C8=>H>C< !:C:G6AAN HI6I: L>9:867A:;G6C8=>H:H 6G:>HHJ:9;DG6;>M:9I:GB HIG:6BA>C:B6CND;I=:IG69>I>DC6AAD86A867A:;G6C8=>H:G:FJ>G:B:CIH6C9:A>B>C6I:AD86AC:6I>DC

.=:DBBJC>86I>DCH8IEGDK>9:H;DG6CDG9:GAN;G6C8=>H:G:C:L6AEGD8:HH>CL=>8=C<6JI=DG>I>:HB6NCDIJCG:6HDC67AN 9:CNG:C:L6AH #;L:;6>AIDD7I6>CG:C:L6AHD;;G6C8=>H:HG:EG:H:CI>C<6H>;>86CICJB7:GD;DJG8JHIDB:GH >I8DJA9=6K:6 B6I:G>6A69K:GH::;;:8IDCDJG8DCHDA>96I:9;>C6C8>6A8DC9>I>DC G:HJAIHD;DE:G6I>DCH DGDJGA>FJ>9>IN ->B>A6GAN >;6;G6C8=>H>C< 6JI=DG>INXH8DCH:CI>HG:FJ>G:9;DGI=:EJG8=6H:DGH6A:D;6867A:HNHI:B I=:;G6C8=>H>C<6JI=DG>INB6N6II:BEIID>BEDH:BDG: 7JG9:CHDB:G:FJ>G:B:CIH6H68DC9>I>DC;DGEGDK>9>C<>IH8DCH:CI

;A2?;2A'2?C602

.=: DG><>C6AAN8A6HH>;>:97GD6976C9#CI:GC:I688:HHH:GK>8:H HJ8=6HI=DH:L:D;;:G 6H6CV>C;DGB6I>DCH:GK>8: WL=>8= :M:BEI:9I=:H:GK>8:;GDBIG69>I>DC6A8DBBJC>86I>DCH8DBBDC86GG>:GA6LH6C9G:DCH #C I=: G:8A6HH>;>:9 7GD6976C9#CI:GC:I688:HHH:GK>8:H6HVI:A:8DBBJC>86I>DCHH:GK>8:W6C9 DCI=6I76H>H >BEDH:96CJB7:GD;VC:IC:JIG6A>INW GJA:HCH>DCD;7GD6976C9H:GK>8: #C I=: G:K:GH:9>IH9:8>H>DC6C9:A>B>C6I:9I=:GJA:H DI=:GI=6C6IG6CHE6G:C8NG:FJ>G:B:CI L=>8=D7A><6I:HJHID9>H8ADH:E:G;DGB6C8:HI6I>HI>8H6C9DI=:GH:GK>8:>C;DGB6I>DCID 8DCHJB:GH #I>HEDHH>7A:I=6II=: B><=I6<6>CG:K>H:>IH6EEGD68=ID7GD6976C9#CI:GC:I688:HH DGI=6IDC<=I :C68IA:<>HA6I>DC6;;:8I>C867A:IDI=:H:GK>8: .=:6EEA>86I>DCD;C:LA:<6AG:FJ>G:B:CIHIDDJG#CI:GC:IH:GK>8:H 8DJA969K:GH:AN6;;:8IDJG7JH>C:HH

.=: 9:8>H>DCG:8A6HH>;N>C<#CI:GC:I688:HHH:GK>8:H6AHDGJA:9I=6IHI6I:G:BEDH:D7A><6I>DCHH>B>A6G ID;:9:G6AC:ILDG@C:JIG6A>IND7A><6I>DCHI=6II=: :A>B>C6I:97JII=>H7A6C@:IEGD=>7>I>DCL6HK686I:97NI=:/ - DJGID; EE:6AH>C .=:8DJGIA:;IDE:CI=:EDHH>7>A>INI=6I>C9>K>9J6AHI6I:A6LH8DJA97:9::B:9EG::BEI:9DC686H:7N86H: 76H>H>;>I>HH=DLCI=6II=:N8DC;A>8IL>I=;:9:G6AA6L -:K:G6AHI6I:H>C8AJ9>C<6A>;DGC>6=6K:69DEI:9HI6I:D7A><6I>DCH 6C9 699>I>DC6AHI6I:HB6N8DCH>9:GI=:>BEDH>I>DCD;C:LG:DCHDCDJG#CI:GC:IH:GK>8:H HJ8=6HGJA:HH>B>A6GIDI=:C:ILDG@ C:JIG6A>ING:FJ>G:B:CIHI=6IL:G::A>B>C6I:97NI=: 6A>;DGC>6XHA:<>HA6I>DC=6H7::C8=6AA:C<:9>C8DJGI 6C9L:86CCDI EG:9>8I=DLI=:8=6AA:C<:ID6A>;DGC>6XHA:<>HA6I>DCDG8=6AA:C<:HIDDI=:GHI6I:A:<>HA6I>DCL>AA7:G:HDAK:9

#CG:8:CIN:6GH I=: =6H9:BDCHIG6I:96C>CI:G:HI>C688:A:G6I>C<69K6C8:B:CIH>C 6C99:EADNB:CID; L>G:96C9L>G:A:HH 7GD6976C9>C;G6HIGJ8IJG: >C8AJ9>C<69K6C8:9!L>G:A:HHH:GK>8: DG:M6BEA: I=: 6C9B6CNHI6I:HD;;:GHJ7H>9>:HID 8DBE6C>:H9:EADN>C<7GD6976C9ID6G:6H9::B:9ID7:VJCH:GK:9WDGVJC9:GH:GK:9 W>C8AJ9>CDC 1:=6K:HDJ<=IHJ7H>9>:H;DGDJGDLC7GD6976C98DCHIGJ8I>DC>CJCH:GK:96G:6H 6C9L:=6K:DEEDH:9HJ8=HJ7H>9>:H L=:C9>G:8I:9ID6G:6HI=6I6G:6AG:69NH:GK:9 !DK:GCB:CI:;;DGIHIDHJ7H>9>O:6G:6HI=6IL:6AG:69NH:GK:8G:6I:G:B76A6C8:HI=6I8DJA969K:GH:AN6;;:8IDJG7JH>C:HH

H>9:;GDBI=: XH<:C:G6AAN6EEA>867A:G:DCH L:B69:8:GI6>C8DBB>IB:CIHID8DBEANL>I=I=: XHDG9:G>C 8DCC:8I>DCL>I=I=: XH6EEGDK6AD;I=:B:G<:GL>I=.16C968FJ>H>I>DCD;G><=I"DJH:

+6?296;2*<602'2?C602

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

 9>H8DCI>CJ6C8:D;H:GK>8: #I>HEDHH>7A:I=6II=: DGDCAA>BEDH:699>I>DC6AG:FJ>G:B:CIHDCDJG0D#*I:A:E=DC: H:GK>8:H>CI=:;JIJG:

)JG0D#*I:A:E=DC:H:GK>8:H6G:6AHDHJ7?:8IID8:GI6>CHI6I:6C9AD86AG:7JI>DCHID HI6I:JC>K:GH6AH:GK>8:;JC9H AI=DJ<=L:7:A>:K:I=6I0D#*I:A:E=DC:H:GK>8:HH=DJA9DI=:GL>H:7:DC HDB:HI6I:H=6K:6II:BEI:9IDHJ7?:8I867A:0D#*H:GK>8:HIDHI6I:A:K:AG:DC 6C96IA:6HIDC:HI6I:=6H6HH:GI:9 ?JG>H9>8I>DC DK:G DJG 0D#* H:GK>8:H 1: EG:K6>A:9 DC 6 A:<6A 8=6AA:C<: ID I=6I HI6I:XH 6HH:GI>DC D; ?JG>H9>8I>DC L=>8= L6H 6;;>GB:97N6;:9:G6A6EE:AA6I:8DJGI 7JII=6IGJA>C<>HA>B>I:9IDI=:H:K:CHI6I:H>CI=:I=8>G8J>I AI=DJ<=L:=6K:G:<>HI:G:9 L>I= DGD7I6>C:98:GI>;>86I:HDG6JI=DG>O6I>DCH;GDBI=: 6C9I=:HI6I:G:I>:H>CI=DH:HI6I:H>CL=>8=L: D;;:G8DBE:I>I>K:KD>8:H:GK>8:H>CDG9:GID:CHJG:I=:8DCI>CJ>IND;DJGH:GK>8:H >I>HJC8A:6GL=:I=:G6C9=DLI=:H:6C9DI=:G DCC< G:B6I:AN L>AA 7: G:HDAK:9 -I6I:G:HH>DCH 6C9 A:<>HA6IJG:H >C DI=:G ?JG>H9>8I>DCH B6N8DCI>CJ:ID8DCH>9:G>BEDH>CG:B:CIHDCDJG;>M:9I:A:E=DC:H:GK>8:H

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

$?6C.0F.;1;3

.=:DBBJC>86I>DCH8IA>B>IHDJG67>A>INID8DAA:8I JH: 6C99>H8ADH:8JHIDB:GHXE:GHDC6AAN>9:CI>;>67A:>C;DGB6I>DC;DGDJG #CI:GC:I K>9:D 6C9 KD>8: H:GK>8:H 1: 6G: HJ7?:8I ID 699>I>DC6A ;:9:G6A HI6I: 6C9 AD86A A6LH 6C9 G:DCH I=6I >BEDH: 699>I>DC6AG:HIG>8I>DCHDCI=:8DAA:8I>DC JH:6C99>H8ADHJG:D;8DCHJB:G>C;DGB6I>DC AA7GD6976C9EGDK>9:GH6G:6AHDD7A><:9 7N& ID8DC;>GC:ILDG@H>C6B6CC:GI=6I;68>A>I6I:HI=:67>A>IND;HI6I:6C9;:9:G6AA6L:C;DG8:B:CI L>I=EGDE:G A:<6AEGD8:HH6JI=DG>O:9JC9:GI=: A:8IGDC>8DBBJC>86I>DCH*G>K68N8I IDD7I6>CG:8DG9H6C9>C;DGB6I>DC8DC8:GC>CC8AJ9>CG8DBBJC>86I>DCH JGI=:G I=: :9:G6A.G69:DBB>HH>DCV .W 6C9B6CN HI6I:HG:8II=:B6G@:I>C8:HD;8DBBJC>86I>DCHH:GK>8:EGDK>9:GH >C8AJ9>CC<6C9H:C9>C< JCHDA>8>I:98DBB:G8>6A:B6>AH .=: .8JGG:CIAN=6HI=:6JI=DG>IN EJGHJ6CIID>IH<:C:G6A6JI=DG>INID:C;DG8:6<6>CHIJC;6>G DG9:8:EI>K:68IH6C9EG68I>8:H IDEGDI:8II=:EG>K68ND;#CI:GC:IH:GK>8:8JHIDB:GH >C8AJ9>CH8ADHJG:D;8:GI6>C 8JHIDB:G>C;DGB6I>DC

)JGDE:G6I>DCH6G:6AHDHJ7?:8IID;:9:G6A6C9HI6I:A6LHC<>C;DGB6I>DCH:8JG>IN #CI=::K:CID;6C>C;DGB6I>DCH:8JG>IN 7G:68= HJ8=GJA:HB6NG:FJ>G:8DCHJB:G6C9;>86I>DC6C9B6NG:HJAI>CG:DCH L>I=I=:EDI:CI>6AD;BDC:I6GN;DG;:>IJG:H .=: I=: .6C9HI6I:6IIDGC:NH<:C:G6AG:C<:C;DG8:B:CI68I>DCH 6<6>CHI8DBE6C>:HG:A6I:9ID>C;DGB6I>DCH:8JG>IN7G:68=:H6C9EG>K68NK>DA6I>DCH

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

'6CNHI6I:H6C9AD86A6JI=DG>I>:H=6K:8DCH>9:G:9A:<>HA6I>K:DGDI=:G68I>DCHI=6ILDJA9>BEDH:G:HIG>8I>DCHDCDJG67>A>INID 8DAA:8I JH: 6C9 9>H8ADH: 6C9 H6;:C 8DCHJB:G >C;DGB6I>DC E6GI>8JA6GAN L>I= G:<6G9 ID DJG 7GD6976C9 #CI:GC:I 7JH>C:HH DG :M6BEA: I=: 6A>;DGC>6 DCHJB:G *G>K68N 8I * 6C9 '6>C:XH 8I ID *GDI:8I *G>K68N D; )CA>C: JHIDB:G#C;DGB6I>DC7DI=7:86B::;;:8I>K:>C .=:* JC9:G8:GI6>C8>G8JBHI6C8:H G::HXJH:6C9 9>H8ADHJG:D;I=:E:GHDC6A>C;DGB6I>DCD;6A>;DGC>6G:H>9:CIH6C96JI=DG>O:H:C;DG8:B:CI68I>DCH7NI=:6A>;DGC>6IIDGC:N !:C:G6A6C9EG>K6I:8A6HH68I>DCH;DG96I67G:68=:H #C699>I>DC :;;:8I>K:$6CJ6GN I=:6A>;DGC>6DCHJB:G*G>K68N ,><=IH 8I V*,W 69DEI:9 7N 76AADI >C>I>6I>K: >C L>AA 6B:C9 I=: * ID >BEDH: 699>I>DC6A D7A><6I>DCH DC

8DBE6C>:H I=6I =6C9A: I=: E:GHDC6A >C;DGB6I>DC D; 6A>;DGC>6 G:H>9:CIH .=: '6>C: A6L G:8: EGDK>9:GHJH:6C99>H8ADH:8JHIDB:GHXE:GHDC6A>C;DGB6I>DC6C9G:FJ>G:H#CI:GC:IH:GK>8:EGDK>9:GHIDI6@:G:6HDC67A:B:6HJG:H IDEGDI:8I8JHIDB:GHXE:GHDC6A>C;DGB6I>DC -:K:G6ADI=:GHI6I:A:<>HA6IJG:H6G:8DCH>9:G>CDCD;C:L96I6H:8JG>IN 6C98N7:GH:8JG>INA:<>HA6I>DCI=6I8DJA9G:HJAI>C699>I>DC6AC:ILDG@6C9>C;DGB6I>DCH:8JG>ING:FJ>G:B:CIH;DGDJG7JH>C:HH DCK68N6C996I6H:8JG>IND7A><6I>DCH 1:86CCDIEG:9>8IL=:I=:G6CND;I=:H::;;DGIHL>AA7: HJ88:HH;JADGEG::BEI:9 DG=DLC:LA:<>HA6I>DC6C9G:DCH >;6CN LDJA96;;:8IDJG7JH>C:HH

<::6A:2;A@&29.A21AB6@6A6<;<3?645A

#C8DCC:8I>DCL>I=6EEGDK6AD;I=:B:G<:GL>I=.16C968FJ>H>I>DCD;G><=I"DJH:I=:.G6CH68I>DCH ;:9:G6A6C9 HI6I:G:BEDH:96CJB7:GD;EDHI IG6CH68I>DC8DC9>I>DCHDCJH>C8AJ9>C<7JICDIA>B>I:9IDI=:;DAADL>C<

98.3>398=

R );;:G H:IIA:B:CI ;G:: #CI:GC:I >CI:G8DCC:8I>DC ID 6CN E6GIN I=6I B::IH I=: G:FJ>G:B:CIH D; DJG #CI:G8DCC:8I>DC *DA>8N 6K6>A67A:DC=6GI:GXHL:7H>I:DCI:GBH<:C:G6AAN8DCH>HI:CIL>I=I=:EDA>8N;DGH:K:CN:6GHL>I=6EDHH>7A:G:9J8I>DCID ;>K:N:6GH;GDB 6EEGDK6A>C *JGHJ6CIID6?J9G8J>I I=>H 8DC9>I>DC7:86B:>CK6A>9>C)8ID7:G R :EADN6C9D;;:G=><= HE::97GD6976C9#CI:GC:I688:HHH:GK>8:ID6C699>I>DC6AILDB>AA>DCAD86I>DCHDK:G;>K:N:6GH 1: G:EDGI:9IDI=: >C)8ID7:GI=6II=>H8DC9>I>DC=697::CH6I>H;>:9 R ,:;G6>C ;GDB 8=6G<>C< JH6<: 76H:9 EG>8:H DG >BEDH>C< 96I6 86EH DC 6CN ;>M:9 B6HH B6G@:I 7GD6976C9 #CI:GC:I 688:HH H:GK>8:EA6CH;DGH:K:CN:6GH R );;:G'7EH9>H8DJCI:97GD6976C9L=:G:I:8=C>86AAN;:6H>7A:ID:A><>7A:8JHIDB:GHI=GDJ<=DJIDJGH:GK>8:6G:6;DG ;DJGN:6GH;GDBI=:D;;:GXH8DBB:C8:B:CI *JGHJ6CIID6?J9G8J>I I=>H 8DC9>I>DC7:86B:>CK6A>9>C)8ID7:G6C9 R DCI>CJ:IDEGDK>9:67A:,HID6CNC:LDG:M>HI>C<8JHIDB:GJEDCG:FJ:HI;DGJH:>CI=>G9 E6GING:I6>A9:K>8:H;DG ;DJGN:6GH6C98DCI>CJ:IDHJEEDGIHJ8=67A:,H;DGH:K:CN:6GH>C:68=86H: JCA:HHI=: 8=6C<:HI=:G:A:K6CI GJA:H .=:D7A><6I>DCID8DCI>CJ:IDEGDK>9:67A:,H:ME>G:9>C'6N

.=: 8DC9>I>DCH6AHD8DCI6>C6CJB7:GD;8DBEA>6C8:G:EDGI>CG:B:CIH

 98.3>398=

.=:)$)G9:GEGD=>7>IHJH;GDB:CI:G>C<>CIDDG:C;DG8>C<6CN6I=6K>9:DEGD9H A>B>IHDG 8G:6I:H>C8:CI>K:HIDA>B>II=:K>9:DEGDH>DCD;8DCI:CIIDDCA>C:K>9:D9>HIG>7JIDGH)0H 1:L>AACDI7: 67A: ID 6K6>A DJGH:AK:H D; DI=:G 9>HIG>7JIDGHX BDHI ;6KDG:9 C6I>DC ' ( EGDK>H>DCH >; I=:N 6G: >C8DCH>HI:CI L>I= I=>H EGD=>7>I>DC .=:)$XH8DC9>I>DCH6G::;;:8I>K:;DGH:K:CN:6GH6;I:G:CIGND;I=:;>C6A?J9C 6AI=DJ<=L:B6N E:I>I>DCI=:)$ID:A>B>C6I:I=:8DC9>I>DCH6;I:G;>K:N:6GH 1:9DCDI8JGG:CIAN:ME:8IIDHDE:I>I>DC

$>+>/98.3>398=

:GI6>CHI6I:G:C8AJ9>C<6A>;DGC>6 (:L3DG@ "6L6>>6C9(:L$:GH:N6AHD>BEDH:98DC9>I>DCH>C8DCC:8I>DCL>I= I=:6EEGDK6AD;I=:.G6CH68I>DCH .=:H:8DC9>I>DCH>C8AJ9:G:FJ>G:B:CIHG:A6I:9ID

R J>A9>CC=DJH:=DA9H6C97JH>C:HHAD86I>DCHI=6I6G:CDI8JGG:CIANH:GK:97N867A:L>I=>CI=: 9:H>C<&>;:&>C:H:GK>8:9>H8DJCIH6C9ADL >C8DB:7GD6976C9ID:A><>7A:=DJH:=DA9HH:GK:9L>I=>CI=:6EEA>867A:HI6I:H R #CK:HI>C< >C H:GK>8: >BEGDK:B:CI EGD8: :C=6C8:B:CIH 6C9 B6>CI6>C>C< 8JHIDB:G ;68>C< ?D7H L>I=>CI=:9:H>CI=G:EDGI>CG:B:CIH

1:7:A>:K:L:=6K::>I=:G8DBEA:I:9DG6G:DCIG68@ID8DBEA:I:I=:H:HI6I:G:FJ>G:B:CIH

B:.;.=6A.9!.;.42:2;A

-J88:HH;JA:M:8JI>DCD;DJGHIG6I:H9:E:C9:CIDC6IIG68I>C< 9:K:ADE>C<6C9G:I6>C>C<@:N:BEADN::H6C9B:B7:GHD;DJG B6C6<:B:CII:6B 1:7:A>:K:I=:HJ7HI6CI>6AH@>AAH :ME:G>:C8:6C9>C9JHIGN@CDLA:9<:D;DJG:BEADN::H6C9DJGIG6>C>CC<:BEADN::H7:C:;>IDJGDE:G6I>DCH6C9E:G;DGB6C8:

 .=:G:6G:H:K:G6AL6NH>CL=>8=L:6IIG68I 9:K:ADE 6C9G:I6>C=><=ANFJ6A>;>:9I6A:CI >C8AJ9>C<

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

.=:B6?DG>IND;DJG:BEADN::H6G:8JHIDB:G ;68>C< >CI:G68I>CI=I=DJH6C9HD;E:DEA::K:GN96N #CEG>A L: >C8G:6H:9DJGB>C>BJBL6<:;GDBID E:G=DJG6C98DBB>II:9I=6I>C6AA=DJGAN:BEADN::HL>AA=6K:6 B>C>BJBHI6GI>CC>BJBL6<:L>AA:C67A:JHID7J>A96C9G:I6>CDJG=><=ANH@>AA:9 LDG@;DG8:

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

#C L:A6JC8=:9;>K:JH>C:HH,:HDJG8:!GDJEHV,!HW;D8JH:9DC9>H67>A>IN &!.+ BJAI>8JAIJG6A K:I:G6CH6C9 LDB:C .=:H:KDAJCI6GNI=H=6G:98=6G68I:G>HI>8H A>;::ME:G>:C8:H 6C9>CI:G:HIH 6C9:C67A: I=:BID:C<6<:>C68I>K>I>:HI=6I69K6C8:DJG8JAIJG:D;>C8AJH>DC6C98DCIG>7JI:ID7JH>C:HHHJ88:HH ,!H:BEDL:GDJG I:6BB:B7:GHID9>CC< B:CIDGH=>E 6C9 H@>AA 7J>A9>C< DEEDGIJC>I>:H 1: 6G: 6AHD 7J>A9>CI=DJG=6GI:G#C8AJH>DC.6A@HI=:.6A@H L=>8=>H6C>CI:GC6AHE:6@:GH:G>:H7J>AI6GDJC98JAIJG6A =:G>I6<:6C9>9:CI>IN .=:.6A@H L=>8=6G:=:A968GDHHDJG;DDIEG>CI G6>H:6L6G:C:HHD;I=:B6CN>9:CI>I>:H6C9=:G>I6<:H I=6I8DCIG>7JI:IDDJGHJ88:HH

R <0B@6;4<;.@.32.;152.9A5FDII:9IDEGDK>9>C<6H6;:6C9=:6AI=N LDG@EA68: AA:BEADN::H6G:G:FJ>G:9ID8DBEANL>I=8DBE6CNH6;:INGJA:H6C9:ME:8I6I>DCH 6C96G::ME:8I:9ID68I>K:AN 8DCIG>7JI:IDB6@>CINA>;:A>C:H:8IDGH L:8DCI>CJ:IDB6>CI6>CDE:G6I>DCHL=>A::BEADN>CH:6H:DCIGDA6C9*G:K:CI>DC9:A>C:HIDEGDBDI:I=:=:6AI=D;DJG:BEADN::H

:=9

HD;:8:B7:G L:=696EEGDM>B6I:AN 68I>K:;JAA I>B::FJ>K6A:CI:BEADN::H

A2: &6@8.0A

&6@8@&29.A21A<#B?B@6;2@@

(/9:/<+>/38+@/3>3@/,?=38/==/8@3<987/8>A23-2+00/->=9?<+,363>C>9+>><+->+8.+38-?=>97/<=+8.-+8 +.@/<=/6C+00/->9?<,?=38/==9:/<+>398=+8.038+8-3+6=

.=:>C9JHIGN>CL=>8=L:DE:G6I:>H=><=AN8DBE:I>I>K:6C9=6H7:8DB:BDG:HD>CG:8:CIN:6GH #CHDB:>CHI6C8:H L:8DBE:I: 6<6>CHI8DBE6C>:HL>I=;:L:GG:C6C8>C< CDC 6C9ADC< :HI67A>H=:9G:A6I>DCH=>EHL>I=G:I>:H 6C98JHIDB:GH #C8G:6H>C<8DCHDA>96I>DC>CI=:I:A:8DBBJC>86I>DCH6C98DCI:CI>C9JHIG>:H=6K:EGDK>9:9699>I>DC6A7:C:;>IHID 8:GI6>CD;DJG8DBE:I>IDGH :>I=:GI=GDJ<=688:HHID;>C6C8>C< G:HDJG8:H DG:;;>8>:C8>:HD;H86A:>C8AJ9>CA>INIDA6JC8= C:LK>9:DH:GK>8:H

)JG#CI:GC:IH:GK>8:;68:H8DBE:I>I>DC;GDBI=:E=DC:8DBE6C>:HX .." ..( ;>M:9L>G:A:HH7GD6976C9 #CI:GC:I9:A>K:G:9 K>6H6I:AA>I:6C9-&H:GK>8:H 06G>DJHDE:G6IDGHD;;:GL>G:A:HH#CI:GC:IH:GK>8:H9:A>K:G:9DK:GC:ILDG@HL=>8=I=:N8DCI>CJ: ID:C=6C8:ID9:A>K:G;6HI:GHE::9H6C96AHD8DCI>CJ:ID:ME6C9!BD7>A:H:GK>8:H )JGKD>8:6C9BD7>A:H:GK>8:H8DBE:I:

L>I=L>G:A:HH6C9L>G:A>C:E=DC:EGDK>9:GH 6HL:AA6HDI=:G;DGBHD;8DBBJC>86I>DC HJ8=6HI:MI >CHI6CIB:HH6<>C< HD8>6A C:ILDG@>C8:H K>9:D8DC;:G:C8>C<6C9:B6>A DBE:I>I>DC;GDBI=:H:8DBE6C>:H >C8AJ9>C<>CI:CH>K:B6G@:I>C<:;;DGIH L>I=6<K:EG>8>C<6C9:M8AJH>K:EGDCBE68IDCDJG67>A>INID6IIG68I6C9G:I6>C8JHIDB:GH

)JG K>9:D H:GK>8: ;68:H 8DBE:I>I>DC ;GDB 6 CJB7:G D; HDJG8:H >C8AJ9>C< - H:GK>8:H 6C9 8DBE6C>:H I=6I 9:A>K:G A>C:6G C:ILDG@EGDC< BDK>:H6C9I:A:K>H>DCH=DLHDC9:B6C96C9DI=:GK>9:D8DCI:CIDK:G7GD6976C9#CI:GC:I8DCC:8I>DCHID I:A:K>H>DCH 8DBEJI:GH I67A:IH6C9BD7>A:9:K>8:HD;I:CL>I=E6HHLDG9H=6G>C<6BDCEA:JH:GH6C9H:8JG>INI=6IB6@:H 8DCI:CI HJH8:EI>7A: ID E>G68N (:L:G EGD9J8IH 6C9 H:GK>8:H E6GI>8JA6GAN 6AI:GC6I>K: B:I=D9H ;DG I=: 9>HIG>7JI>DC H6A: 6C9 K>:L>CAAA>@:AN8DCI>CJ:ID7:9:K:ADE:9 ;JGI=:G>C8G:6H>CIDGHI=6IL:;68:

.=:>C8G:6H>C8:H6K6>A67A:ID6J9>:C8:H >C8AJ9>C8:H 8DJA9C:<6I>K:AN>BE68ICDIDCAN 8DCHJB:G9:B6C9;DGDJGEGD9J8IH6C9H:GK>8:H 7JI6AHD69K:GI>H:GHXL>AA>CH>C<;GDBJH 1:8DBE:I: ;DGI=:H6A:D;69K:GI>H>CI=I:A:K>H>DCC:ILDG@H6C9HI6I>DCH 6HL:AA6HDI=:G69K:GI>H>CC: B:9>6 G69>D 6C9 EG>CI DBE:I>I>DC G:A6I:9 ID DJG H:GK>8: D;;:G>CC:HH:H 8DCI>CJ:H ID >C8G:6H: 6H L:AA 6H BDG: 8DBE6C>:H9:EADNBDG:;>7:GIDBDG:7J>A9>C8=B6NC:<6I>K:AN>BE68IDJGCH

)JG ;6>AJG: ID :;;:8I>K:AN 6CI>8>E6I: DG 696EI ID C:L I:8=CDAD<>:H 6C9 8=6C<:H >C 8JHIDB:G :ME:8I6I>DCH 6C9 7:=6K>DG 8DJA9 H>;>86CIAN 69K:GH:AN 6;;:8I DJG 8DBE:I>I>K: EDH>I>DC L>I= G:HE:8I ID I=: A:>HJG: I>B: 6C9 9>H8G:I>DC6GN HE:C9>C< D; DJG 8JHIDB:GH6C9 6H6G:HJAI 6;;:8IDJG7JH>C:HH6C9G:HJAIHD;DE:G6I>DCH DBE:I>I>DCB6N6AHDG:9J8:DJG:ME:8I:98=B6N8DCIG>7JI:ID;JIJG:>BE6>GB:CIHD;DJG;G6C8=>H:H6C9AA6C9DJG67>A>INIDB::I86H=;ADL G:FJ>G:B:CIH >C8AJ9>C<9:7IH:GK>8:G:FJ>G:B:CIH DG699>I>DC6A>C;DGB6I>DCG:<6G9>CI>DCL:;68: H::V#I:B JH>C:HH DBE:I>I>DCW6C9V ,:DC6C9&:<>HA6I>DC W

%2/9819381 ' :+8./73--9?6.7+>/<3+66C+00/->9?<038+8-3+6-98.3>398+8.=909:/<+>398=

.=: DCC< )0# E6C9:B>8 =6H >C8G:6H:9 :8DCDB>8 6C9 9:B6C9 JC8:GI6>CIN .=: 8JGG:CI E6C9:B>8 6C9 8DCI>CJ:9 HEG:69D;)0# =6H86JH:96C:8DCDB>8G:8:HH>DC II=>HI>B: L:86CCDIEG:9>8II=:9JG6I>DCD;6CN7JH>C:HH9>HGJEI>DC 6C9I=:JAI>B6I:>BE68ID;)0# DCDJG7JH>C:HH >C8AJ9>CDCD;I=::8DCDB>8>BE68IID=DJH:=DA9 ;DGB6I>DC6C99:CI>6A6C97JH>C:HH8JHIDB:GHX67>A>INIDE6N;DGDJGEGD9J8IH6C9H:GK>8:H>C8AJ9>CBE68I D; :MI:C9:9 JC:BEADNB:CI 7:C:;>IH 6C9 DI=:G HI>BJAJH E68@6<:H 6C9 I=: ADC< I:GB >BE68I DC DJG 7JH>C:HH >C8AJ9>C< ;GDB 8DCHJB:G7:=6K>DG 6;I:GI=:E6C9:B>8>HDK:G 1::ME:8II=6IHDB:D;I=:)0# EGDC>C8G:B:CI6A 8=JGC6C97699:7I>C #C699>I>DC I=:G:>HJC8:GI6>CING:<6G9>CBE68ID;DCH I=: 67>A>IND;DJGHJEEA>:GH6C9K:C9DGHIDEGDK>9:EGD9J8IH6C9H:GK>8:HIDJH I=:E68:D;C:L=DJH>C<8DCHIGJ8I>DC 8=6C<:H>C 7JH>C:HH HE:C9 >C DJG AD86A 6C9 C6I>DC6A 69 H6A:H 7JH>C:HH I=: :;;:8IH ID DJG :BEADN::HX =:6AI= 6C9 H6;:IN 6C9 G:HJAI>C< G:DG>:CI6I>DCD;DJGLDG@68I>K>I>:H 6C9I=:G>H@D;A>B>I6I>DCHDCI=:9:EADNB:CI6C9B6>CI:C6C8:D;DJGH:GK>8:H>C8AJ9>C<7N A>B>I>CI:H:GK>8:G:E6>GH6C9>CHI6AA6I>DCH .=:9:8=)0# >BE68IHDJGG:HJAIH L>AA 9:E:C9 DC ;JIJG: 9:K:ADEB:CIH L=>8= 6G: =><=AN JC8:GI6>C6C9 86CCDI 7: EG:9>8I:9 >C8AJ9>C< 7JI CDI A>B>I:9 ID I=: 9JG6I>DC6C9HEG:69D;I=:DJI7G:6@ >IHH:K:G>IN I=:68I>DCHID8DCI6>CI=:K>GJHDGIG:6I>IH>BE68I I=:I>B>CHIG>7JI>DCD;K688>C:H6C9=DLFJ>8@AN6C9IDL=6I:MI:CICDGB6A:8DCDB>86C9DE:G6I>C<8DC9>I>DCH86CG:HJB:

!<91<+77381-9=>=:/<@3./9-?=>97/<++0+=>/<<+>/>2+8A+1/=9<3806+>398+8.A/7+C89>2+@/>2/+,363>C>9 / >2/ 1<9A>2 <+>/= 90 9< :+== 98 >9 9?< -?=>97/<= 9?< 38-= A23-2 A9?6. +.@/<=/6C+00/->9?<-+=2069A+8.9:/<+>3817+<138=

0>9:DEGDC<=6H7::C 6C9>H:ME:8I:9ID8DCI>CJ:ID7: DJGA6G<:HIDE:G6I>C<:ME:CH:>I:B ':9>68DGEDG6I>DC6C9 7GD6986HIHI6I>DC96I>DC=6HG:HJAI:9>C;:L:GHJEEA>:GH6C9699>I>DC6AH:AA>CC< HJEEA>:GH 1::ME:8IEGDC9:D8JHIDB:GL>AA8DCI>CJ:ID>C8G:6H:9J:ID6K6G>:IND;;68IDGH >C8AJ9>C< 6CCJ6A >C8G:6H:H >BEDH:9 7N EGDI= 699>I>DC6A H:AA>C< EDL:G 6H 6 G:HJAI D; B:9>6 6C9 7GD6986HI HI6I>DC 96I>DC >C8G:6H:99:B6C9H7NDLC:GHD;7GD6986HIHI6I>DCH;DGE6NB:CI;DGG:IG6CHB>HH>DC8DCH:CIDGA>C@>C<86GG>6<:D; DI=:G H:GK>8:H ID G:IG6CHB>HH>DC 8DCH:CI 6C9 699>I>DC6A EGDC< E6GI>8JA6GAN C:L H:GK>8:H .=: >C67>A>IN ID ;JAAN E6HH EGDC<8DHI>C8G:6H:HDCIDDJG8JHIDB:GH=6H=69 6C9>H:ME:8I:9>CI=:;JIJG:ID=6K: 6C69K:GH:>BE68IDCDJG86H= ;ADL6C9DE:G6I>CCH6HHD8>6I:9L>I=I=:K>9:DEGD9J8I *GDC<8DCIG68IHD;I:CG:HIG>8II=:HIGJ8IJG:D;I=:K>9:D E68@6<:HL:D;;:GL=>8=>BE68IHI=:6;;DG967>A>IN6C98DBE:I>I>K:EDH>I>DC>C9:DH:GK>8: .=:8DCIG68IHH:IID:ME>G: >C6CNE6GI>8JA6GN:6GK6GN .=:G:86C7:CD6HHJG6C8:I=6II=:H:6AA7:G:C:L:9DC;6KDG67A:DG8DBE6G67A:I:GBH

#C699>I>DC 6CJB7:GD;EGDGH:GK>8:HI=GDJ<=6AI:GC6I>K:9>HIG>7JI>DC8=6CC:AH >C8AJ9>C<#* 76H:9EA6I;DGBH L=>8=6G:A:HHH:8JG:I=6CDJGDLCK>9:D9>HIG>7JI>DCEA6I;DGBH .=:G:>HC<:K>9:C8:I=6II=:H:A:HH H:8JG:K>9:D9>HIG>7JI>DCEA6I;DGBH6G:A:69>C9:DEGD9J8II=:;IK>6E6HHLDG9H=6G>C<6BDC<8DCHJB:GH *6HHLDG9H=6G>C< B6N9G>K:9DLCI=:CJB7:GD;8JHIDB:GHL=DE6N;DG8:GI6>CEGDC< EJII>CH@ 6C9L=>8=>C

IJGCB6N86JH:8:GI6>CEGD<=:GEGDC<;::H;GDBJH .=:67>A>IN;DG8DCHJB:GHIDG:8:>K:I=: H6B:8DCI:CI;DG;G::I=GDJ<=HJ8=JC6JI=DG>O:98=6CC:AH=6H9:K6AJ:9DJGK>9:DEGD9J8IL=>8=8DJA9>BE68IH6A:H 8JHIDB:G G:I:CI>DC 6C9 DJG 67>A>IN ID E6HH I=GDJ<= EGDC< 8DHIH ID 8DCHJB:GH L=>8= >C8G:6H:H I=: G>H@ D; CDC G:C:L6A L=:C EGDC8G:6H:H .DI=::MI:CII=6IL:6G:JC67A:IDG:68=6I=8:GI6>CEGD:K:6G:G:6HDC67A: L:=6K:7::C 6C9B6N7:>CI=:;JIJG: ;DG8:9IDG:BDK:HJ8=EGDC<8=6CC:AH;GDBDJGA>C: JE L=>8=B6NG:HJAI>C6ADHHD;8JHIDB:GH )JG;6>AJG:ID86GGNEGDCH6IIG68I>K:IDDJG8JHIDB:GH8DJA969K:GH:AN >BE68IDJG8JHIDB:GA:K:AH DE:G6I>DCH6C9;>C6C8>6AG:HJAIH #C699>I>DC >;DJG#CI:GC:I8JHIDB:GH6G:JC67A:ID688:HH9:H>G67A: 8DCI:CI DCA>C: 7:86JH: 8DCI:CI EGDK>9:GH 7AD8@ DG A>B>I 688:HH 7N DJG 8JHIDB:GH 6H 6 8A6HH DJG 67>A>IN ID <6>C 6C9 G:I6>C 8JHIDB:GH :HE:8>6AAN#CI:GC:I8JHIDB:GH B6N7:C:<6I>K:AN>BE68I:9

#C8G:6H:99:B6C9H7NDLC:GHD;HDB:7GD6986HIHI6I>DCH;DG86GG>6<:D;DI=:GH:GK>8:HDGE6NB:CIHIDI=DH:7GD6986HI:GH;DG G:IG6CHB>HH>DC 8DCH:CI 6G: A>@:AN ID ;JGI=:G >C8G:6H: DJG EGDC< 8DHIH :9:G6A A6L 6AADLH 8DBB:G8>6A I:A:K>H>DC 7GD6986HIHI6I>DCHIDB6@:6C:A:8I>DC7:IL::CVBJHI 86GGNWG><=IH6C96C6AI:GC6I>K:VG:IG6CHB>HH>DC 8DCH:CIWG:<>B: 1=:C6 HI6I>DC DEIH ;DG I=: G:IG6CHB>HH>DC 8DCH:CI G:<>B: L: 6G: CDI 6AADL:9 ID 86GGN I=: HI6I>DCXH H>I=DJI I=6I HI6I>DCXH E:GB>HH>DC #C HDB: 86H:H L: 86GGN HI6I>DCH JC9:G H=DGI I:GB 6GG6C<:B:CIH L=>A: L: 6II:BEI ID C:6I: C:L ADC< I:GB G:IG6CHB>HH>DC66I>DCHL>I=I=:H:EGDG:JHID8:6H:86GGN>C< I=:>GH>7AN;DG6C>C9:;>C>I:E:G>D9 CNADHHD;HI6I>DCH8DJA9B6@:DJGK>9:DH:GK>8:A:HH6IIG68I>K:ID8JHIDB:GH L=>8= 8DJA9 G:HJAI >C A:HH HJ7H8G>EI>DC 6C9 69K:GI>H>C< G:K:CJ: #C G:IG6CHB>HH>DC 8DCH:CI C:6I>DCH 7GD6986HI:GH D;I:C 8DC9>I>DC8DCH:CIL>I=G:HE:8IIDDC:HI6I>DCDC86GG>6<:D;DC:DGBDG:DI=:GHI6I>DCHDGEGDC8:H>CL=>8=I=:N DG I=:>G 6;;>A>6I:H =6K: 6C >CI:G:HI 6GG>6<: D; I=:H: DI=:G H:GK>8:H 6H L:AA 6H >C8G:6H:9 ;::H ;DG G:IG6CHB>HH>DC G><=IH B6N >C8G:6H:DJGEGDC<:ME:CH:H6C99>B>C>H=I=:6BDJCID;86E68>INL:=6K:6K6>A67A:ID>CIGD9J8:C:LH:GK>8:H L=>8= 8DJA9=6K:6C69K:GH::;;:8IDCDJG7JH>C:HH6C9;>C6C8>6AG:HJAIH

?< 38+,363>C >9 9 >/-2896913-+6 ./@/69:7/8>= +8. 7//> -?=>97/< ./7+8. 09< 8/A :<9.?->= +8. =/<@3-/= -9?6. +.@/<=/6C+00/->9?<+,363>C>9-97:/>//00/->3@/6C

1:DE:G6I:>C6=><=AN8DBE:I>I>K: 8DCHJB:G 9G>K:C6C9G6E>9AN8=6C<>C<:CK>GDCB:CI GDBI>B:IDI>B: L:B6NEJGHJ: HIG6I:<>8>C>I>6I>K:HIDA6JC8=EGD9J8IHDG:C=6C8:B:CIHIDDJGEGD9J8IH )JGHJ88:HH>H ID6A6G<::MI:CI 9:E:C9:CIDCDJG 67>A>INID68FJ>G: 9:K:ADE 69DEI JEIC:L6C9:M>HI>C:HID699G:HH8DCHJB:GHX8=6C<>C<9:B6C9H 6C99>HI>CH=DJGH:GK>8:H;GDBI=DH:D;DJG8DBE:I>IDGH 1:B6NCDI7:67A:ID688JG6I:ANEG:9>8II:8=CDAD<>86AIG:C9HDG I=: HJ88:HH D; C:L EGD9J8IH 6C9 H:GK>8:H #; L: 8=DDH: I:8=CDAD<>:H DG :FJ>EB:CI I=6I 6G: A:HH :;;:8I>K: 8DHI :;;>8>:CI DG 6IIG68I>K:ID8JHIDB:GHI=6CI=DH:8=DH:C7NDJG8DBE:I>IDGH >;I:8=CDAD<>:HDG:FJ>EB:CIDCL=>8=L:=6K:8=DH:CIDG:AN 8:6H: ID 7: 6K6>A67A: ID JH DC G:6HDC67A: I:GBH DG 8DC9>I>DCH >; L: D;;:G H:GK>8:H I=6I ;6>A ID 6EE:6A ID 8DCHJB:GH 6G: CDI 6K6>A67A:6I8DBE:I>I>K:EG>8:HDGI=6I9DCDI;JC8I>DC6H:ME:8I:9 DGL:6G:CDI67A:ID;JC9I=::ME:C9>IJG:HC:8:HH6GNID@::E E68:L>I=I:8=CDAD<>86A9:K:ADEB:CIH DG>;L:6G:CDADC<:G67A:IDB6@:DJGH:GK>8:H6K6>A67A:IDDJG8JHIDB:GHDC6I=>G9 E6GIN9:K>8:DCL=>8=6HJ7HI6CI>6ACJB7:GD;8JHIDB:GH=6K:G:A>:9ID688:HHDJGH:GK>8:H DJG8DBE:I>I>K:EDH>I>DC8DJA9 9:I:G>DG6I: 6C9DJG7JH>C:HH6C9;>C6C8>6AG:HJAIH8DJA9HJ;;:G

.=:67>A>IND;HDB:D;DJG8DBE:I>IDGHID>CIGD9J8:C:LI:8=CDAD<>:H EGD9J8IH6C9H:GK>8:HBDG:FJ>8@ANI=6CL:9DB6N 69K:GH:AN6;;:8IDJG8DBE:I>I>K:EDH>I>DC JGI=:GBDG: 69K6C8:H>CI:8=CDADCI=:8DHID;:M>HI>C:H DG 8=6C<:H >C 8DBE:I>IDGHX EGD9J8I 6C9 H:GK>8: D;;:G>CG: JH >C I=: ;JIJG: ID B6@: 699>I>DC6A G:H:6G8= 6C9 9:K:ADEB:CI:ME:C9>IJG:HDGIDD;;:G 6ICD699>I>DC6A8=6G<:DG6I6ADL:GEG>8: 8:GI6>CEGD9J8IH6C9H:GK>8:HI=6IL:8JGG:CIAN D;;:GID8JHIDB:GHH:E6G6I:ANDG6I6EG:B>JB #C699>I>DC I=:JC8:GI6>CIND;DJG67>A>IN 6C9I=:8DHIH IDD7I6>C>CI:AA:8IJ6A EGDE:GIN G><=IH ;GDB I=>G9 E6GI>:H 8DJA9 >BE68I DJG 67>A>IN ID G:HEDC9 ID I:8=CDAD<>86A 69K6C8:H >C 6 I>B:AN 6C9 :;;:8I>K: B6CC:G

)JG>C67>A>INIDB6>CI6>C6C9:ME6C9DJGJE9:69K6C8:9H:GK>8:H>C6I>B:ANB6CC:G DGID6CI>8>E6I: I=:9:B6C9HD;I=:B6G@:IEA68: 8DJA9B6I:G>6AAN69K:GH:AN6;;:8IDJG67>A>INID6IIG68I6C9G:I6>C8JHIDB:GH #C699>I>DC 6HL: 8DCI>CJ:IDA:H:GK>8:HJH>CGIJ6AC:ILDG@DE:G6IDGG><=IH;GDB6I=>G9E6GIN L::ME:8I8DCI>CJ:9C<6C9DI=:G8JHIDB:G68FJ>H>I>DC8DHIH6HL:AA6HC:<6I>K:LDG@>C<86E>I6A>BE68IH;GDBI=:I>B>C8: G:A6I:986H=;ADLHL=:CL:EGDK>9:9:K>8:HEJGHJ6CIID:FJ>EB:CI>CHI6AA6I>DCEA6CH 1:6AHD8DCI>CJ:ID8DCH>9:G6C9 EJGHJ:DEEDGIJC>I>:H>CI=:BD7>A:HE68:L=>8=B6N>C8AJ9:I=:68FJ>H>I>DCD;699>I>DC6AA>8:CH:9HE:8IGJB6C9B6N>C8AJ9: :CI:G>C< >CID DG :ME6C9>C< ?D>CI K:CIJG:H DG E6GIC:GH=>EH L>I= L>G:A:HH DG 867A: EGDK>9:GH L=>8= B6N G:FJ>G: H>;>86CI >CK:HIB:CI DG:M6BEA: L:CDL=DA9,-*&HIDHJEEDGI:M>HI>C<6C9;JIJG:BD7>A:H:GK>8:H .=:H:A>8:CH:H6G:HJ7?:8I IDG:KD86I>DC6C9:ME>G6I>DC AI=DJ<=L::ME:8IID7:67A:IDB6>CI6>C6C9G:C:LI=:H:A>8:CH:H I=:ADHHD;DC:DGBDG: A>8:CH:H8DJA9H>;>86CIAN>BE6>GDJG67>A>INIDD;;AD69BD7>A:IG6;;>86C968=>:K:8DHIG:9J8I>DCH #;L:6G:JC67A:ID8DCI>CJ: IDA:7JH>C:HH6C968=>:K:I=:DJI8DB:HL::ME:8I;GDBDJG>CK:HIB:CIH>CI=:BD7>A:7JH>C:HH DJGC6C8>6A8DC9>I>DC6C9G:HJAIHD;DE:G6I>DCH8DJA97:69K:GH:AN6;;:8I:9

(/./:/8.98>23<.:+<>C=/<@3-/:<9@3./<==?::63/<=+8.63-/8=9<=>2?=30A/+9:<9-?2/8/-/==+=90>A+/<7=+8.98+>37/6C,+=3=9?<+,363>C>9900/<=/<@3-/=-9?6.,/37:+329:/<+>398=,?=38/==038+8-3+6=+8.038+8-3+6-98.3>398-9?6.,/7+>/<3+66C+.@/<=/6C+00/->/.

1: 9:E:C9 DC 6 A>B>I:9 CJB7:G D; I=>G9 E6GIN H:GK>8: EGDK>9:GH HJEEA>:GH 6C9 A>8:CHDGH ID HJEEAN HDB: D; I=: H:GK>8:H =6G9L6G: HD;IL6G:6C9DE:G6I>DC6AHJEEDGIC:8:HH6GNIDEGDK>9:HDB:D;DJGH:GK>8:H -DB:D;DJG=6G9L6G: HD;IL6G:6C9 DE:G6I>DC6AHJEEDGIK:C9DGH 6C9H:GK>8:EGDK>9:GHG:EG:H:CIDJGHDA:HDJG8:D;HJEEANDG=6K: :>I=:GI=GDJ<=8DCIG68IDG6H6 G:HJAID;>CI:AA:8IJ6AEGDE:GING><=IH 6EDH>I>DCD;HDB::M8AJH>K>IN #;6CND;I=:H:E6GI>:H7G:68=DGI:GB>C6I:DG:A:8ICDIID G:C:L I=:>G 6I= JH DG DI=:GL>H: ;6>A ID E:G;DGB I=:>G D7A><6I>DCH >C 6 I>B:AN B6CC:G 9:B6C9 :M8::9H I=:H: K:C9DGHX 86E68>IN I6G>;;H 6G: >BEDH:9 I=6I >BE68I K:C9DGH 67>A>IN ID E:G;DGB I=:>G D7A><6I>DCH DG H>;>86CIAN >C8G:6H: I=: 6BDJCIL:E6N I=:N:ME:G>:C8:DE:G6I>CC6C8>6A9>;;>8JAI>:H I=:NH>;>86CIAN>C8G:6H:I=:6BDJCIL:6G:G:FJ>G:9IDE6N >C8AJ9>C<9:B6C9H;DGHJ7HI6CI>6ACDC BDC:I6GN8DBE:CH6I>DC;DGC:8:HH6GNEGD9J8IHDGH:GK>8:H DGI=:N8:6H:EGD9J8I>DCD; 6CNC:8:HH6GNEGD9J8I9J:IDA68@D;9:B6C9 EGD;>I67>A>INDG68=6C<:>CDLC:GH=>EDG6G:DI=:GL>H:JC67A:IDEGDK>9:I=: :FJ>EB:CIDGH:GK>8:HL:C::9>C6I>B:ANB6CC:G 6IDJGHE:8>;>86I>DCH6C96IG:6HDC67A:EG>8:H DJG67>A>INIDEGDK>9:HDB: H:GK>8:HB><=I7:B6I:G>6AAN69K:GH:AN6;;:8I:9 DGI=:C::9IDEGD8JG:DG9:K:ADE6AI:GC6I>K:HDJG8:HD;I=:6;;:8I:9B6I:G>6AH DGH:GK>8:HB><=I>CI:GGJEIDG9:A6NDJG67>A>INIDH:GK:DJG8JHIDB:GH #C699>I>DC I=::M>HI:C8:D;DCAN6A>B>I:9CJB7:GD; K:C9DGHD;@:NI:8=CDAD<>:H86CA:69IDA:HHEGD9J8I>CCDK6I>DC6C9=><=:G8DHIH .=:H::K:CIH8DJA9B6I:G>6AAN6C969K:GH:AN 6;;:8IDJG67>A>INIDG:I6>C6C96IIG68I8JHIDB:GH6C9DJGDE:G6I>DCH 7JH>C:HH ;>C6C8>6AG:HJAIH6C9;>C6C8>6A8DC9>I>DC

?<,?=38/==7+C,/+.@/<=/6C+00/->/.30A/-+889>-98>38?/>963-/8=/92/38>/66/->?+6:<9:/<>C<312>=98A23-2 9?<,?=38/==./:/8.=

1: G:AN DC E6I:CI 8DENG><=I IG69:B6G@ 6C9 IG69: H:8G:I A6LH 6C9 A>8:CH:H 6C9 DI=:G 6I= DJG :BEADN::H 8JHIDB:GH HJEEA>:GH6C9DI=:GE6GI>:HID:HI67A>H=6C9B6>CI6>CDJG>CI:AA:8IJ6AEGDE:GING><=IH>CI:8=CDAD8:H JH:9 >C DJG DE:G6I>DCH AHD 7:86JH: D; I=: G6E>9 E68: D; I:8=CDAD<>86A 8=6C<: L: 7DI= 9:K:ADE DJG DLC I:8=CDAD<>:H EGD9J8IH 6C9 H:GK>8:H 6C9 G:AN DC I:8=CDAD<>:H 9:K:ADE:9 DG A>8:CH:9 7N I=>G9 E6GI>:H "DL:K:G 6CN D; DJG >CI:AA:8IJ6AEGDE:GING><=IH DGI=:G><=IHD;DJGHJEEA>:GH 8DJA97:8=6AA:C<:9DG>CK6A>96I:9 DGHJ8=>CI:AA:8IJ6AEGDE:GING><=IH B6NCDI7:HJ;;>8>:CIIDE:GB>IJHIDI6@:69K6CI6<:D;8JGG:CI>C9JHIGNIG:C9HDGDI=:GL>H:IDEGDK>9:8DBE:I>I>K:69K6CI6<:H L=>8=8DJA9G:HJAI>C8DHIANG:9:H>H8DCI>CJ6C8:D;8:GI6>CEGD9J8IDGH:GK>8:D;;:G>CI>K:=6GB 1:B6NCDI7:67A:IDD7I6>CDG8DCI>CJ:IDD7I6>CA>8:CH:H;GDBI=:H:I=>G9E6GI>:HDCG:6HDC67A:I:GBH >;6I6AA #C699>I>DC 8A6>BHD;>CI:AA:8IJ6AEGDE:GIN>C;G>C<:B:CI8DJA9G:FJ>G:JHID:CI:G>CIDGDN6AINDGA>8:CH>C<6C8JGHJ7HI6CI>6ABDC:I6GNA>67>A>INDG7::C?D>C:9EG:A>B>C6G>ANDGE:GB6C:CIAN;GDB;JGI=:GJH:D;I=:>CI:AA:8IJ6AEGDE:GIN>C FJ:HI>DC L=>8=8DJA9G:FJ>G:JHID8=6C<:DJG7JH>C:HHEG68I>8:HDGD;;:G>CB>IDJG67>A>INID8DBE:I::;;:8I>K:AN K:C JCHJ88:HH;JA8A6>BH86C7:I>B: 8DCHJB>C<6C98DHIANID9:;:C96C9B6N9>K:GIB6C6<:B:CIXH6II:CI>DC6C9G:HDJG8:H6L6N ;GDBDJG7JH>C:HH #C;G>C<:B:CI8A6>BH8DCI>CJ:ID7:7GDJ<=I;G:FJ:CIAN>CI=:8DBBJC>86I>DCH6C9:CI:GI6>CB:CI>C9JHIG>:H 6C9L:6G:6AHDD;I:C6E6GINIDHJ8=A>I><6I>DC6AA:<>CCD;DJGH:GK>8:HDGI:8=CDAD<>:H>C;G>C<:I=:>CI:AA:8IJ6A EGDE:GING><=IHD;DI=:GH

'+<39?=/@/8>=-9?6..3=9<38?8+?>29<3D/.+--/==>99?<8/>A9<5=3809<7+>398=C=>/7=9<:<9:/<>3/=+8.-9?6. 37:+3<9?<9:/<+>381+->3@3>3/=+8.8/1+>3@/6C37:+->9?<+>398+8.038+8-3+6=

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

)JGC:ILDG@6C9>C;DGB6I>DCHNHI:BH6G:6AHDKJAC:G67A:ID96B6<:DG>CI:GGJEI>DC;GDBEDL:GDJI6<:H I:A:8DBBJC>86I>DCH ;6>AJG:H 688>9:CIH C6IJG6A9>H6HI:GH>C8AJ9>C<:MIG:B:L:6I=:G6G>H>C<;GDBH=DGI I:GBDG6CNADC< I:GB8=6C<:H>CL:6I=:G E6II:GCH I:GGDG>HI 6II68@H 6C9 H>B>A6G :K:CIH )JG HNHI:B G:9JC96C8N B6N 7: >C:;;:8I>K: DG >C69:FJ6I: 6C9 DJG 9>H6HI:G G:8DK:GNEA6CC>C8>:CI;DG6AA:K:CIJ6A>I>:H

CN D; I=:H: :K:CIH >; 9>G:8I:9 6I DG :ME:G>:C8:9 7N JH DG I:8=CDAD<>:H JEDC L=>8= L: 9:E:C9 8DJA9 =6K: 69K:GH: 8DCH:FJ:C8:HDCDJGC:ILDG@ DJG8JHIDB:GH6C9DJG7JH>C:HH >C8AJ9>C<9:DCD;H:GK>8: H:GK>8:9>HGJEI>DC :M8:HH>K: 86AAKDAJB:ID86AA8:CI:GH 6C996B6<:IDDJGDGDJG8JHIDB:GHX:FJ>EB:CI6C996I6 &6G<::ME:C9>IJG:HB6N7:C:8:HH6GNID G:E6>G DG G:EA68: 96B6<:9 EGDE:GIN C:ILDG@H DG >C;DGB6I>DC HNHI:BH DG ID EGDI:8I I=:B ;GDB H>B>A6G :K:CIH >C I=: ;JIJG: 'DG:DK:G I=: 6BDJCI 6C9 H8DE: D; >CHJG6C8: I=6I L: B6>CI6>C 6<6>CHI ADHH:H G:HJAI>C< ;GDB 6CN HJ8= :K:CIH DG H:8JG>IN 7G:68=:HB6NCDI7:HJ;;>8>:CIID8DK:GDJGADHH:HDGDI=:GL>H:69:FJ6I:AN8DBE:CH6I:JH;DG6CN9>HGJEI>DCHIDDJG7JH>C:HH I=6I B6N G:HJAI CN HJ8= H>;>86CI H:GK>8: 9>HGJEI>DC 8DJA9 G:HJAI >C 96B6<: ID DJG G:EJI6I>DC 6C9 8G:9>7>A>IN 8JHIDB:G 9>HH6I>H;68I>DC 6C9 JAI>B6I:AN 6 ADHH D; 8JHIDB:GH DG G:K:CJ: CN H>;>86CI ADHH D; 8JHIDB:GH DG G:K:CJ: DG H>;>86CI >C8G:6H:>C8DHIHD;H:GK>CC6C8>6A8DC9>I>DC6C9G:HJAIHD;DE:G6I>DCH

JGI=:GBDG: DJG DE:G6I>C< 68I>K>I>:H 8DJA9 7: HJ7?:8I ID G>H@H 86JH:9 7N B>H6EEGDEG>6I>DC B>HJH: A:6@6<: ;6AH>;>86I>DC DG 688>9:CI6AG:A:6H:DGADHHD;>C;DGB6I>DCB6>CI6>C:9>CDJG>C;DGB6I>DCI:8=CDADG9 E6GIN K:C9DGH >C8AJ9>C< 8JHIDB:G E:GHDCC:A 6C9 K:C9DG 96I6 1: EGDK>9: 8:GI6>C 8DC;>9:CI>6A EGDEG>:I6GN 6C9 E:GHDC6A >C;DGB6I>DCIDI=>G9E6GI>:H>C8DCC:8I>DCL>I=DJG7JH>C:HH 6C9I=:G:>H6G>H@I=6II=>H>C;DGB6I>DCB6N7:8DBEGDB>H:9

1:EGD8:HH HIDG: 6C9IG6CHB>IA6G<:6BDJCIHD;96I6 >C8AJ9>CC;DGB6I>DCD;DJG8JHIDB:GH )CC<>C8G:6H:H >C I=: EDI:CI>6A ;DG B>H JH: D; E:GHDC6A >C;DGB6I>DC I=: EJ7A>8XH 6L6G:C:HH D; I=: >BEDGI6C8: D; H6;:C< E:GHDC6A >C;DGB6I>DC 6C9I=:KDAJB:D;A:<>HA6I>DCI=6I=6H7::C69DEI:9DG>H7:>C<8DCH>9:G:9G:<6G9>CDC EG>K68N 6C9 H:8JG>IND;E:GHDC6A>C;DGB6I>DC=6K:G:HJAI:9>C>C8G:6H:HIDDJG>C;DGB6I>DC G:A6I:9G>H@H 1:8DJA97::MEDH:9IDH>;>86CI 8DHIH >; HJ8= G>H@H L:G: ID B6I:G>6A>O: 6C9 HJ8= :K:CIH 8DJA9 96B6<: DJG G:EJI6I>DC 8G:9>7>A>IN 6C9 7JH>C:HH 6C9 =6K: 6 C:<6I>K:>BE68IDCDJGG:K:CJ: 1:8DJA97:HJ7?:8IIDG:DCH6C98A6>BHB69:7N8DCHJB:GH>CEG>K6I:A>I><6I>DCH >CKDAK>CK68N>HHJ:HG:A6I:9ID8DCHJB:G96I68DAA:8I>DC6C9JH:EG68I>8:H 1:6AHD8DJA97:G:FJ>G:9ID:ME:C9H>;>86CI 86E>I6A6C9DI=:GG:HDJG8:HIDG:B:9N6CNHJ8=H:8JG>IN7G:68=

?2//-98973--98.3>398=909?<-?<+8.:9>/8>3+6-?=>97/<=@/8.9<=+8.>23<.:+<>3/=-9?6.+.@/<=/6C +00/->9?<-+=2069A=909:/<+>398=+8.038+8-3+6-98.3>398

1:6G::MEDH:9IDG>H@H6HHD8>6I:9L>I=I=::8DCDB>88DC9>I>DCHD;DJG8JGG:CI6C9EDI:CI>6A8JHIDB:GH I=:EDI:CI>6A;>C6C8>6A >CHI67>A>IND;DJG8JHIDB:GH6C9I=:>G;>C6C8>6A67>A>INIDEJG8=6H:DJGEGD9J8IH #;I=:G:L:G:6<:C:G6A:8DCDB>89DLCIJGC L: B6N :ME:G>:C8: >C8G:6H:9 86C8:AA6I>DCH DG CDC E6NB:CI 7N DJG 8JHIDB:GH DG JC;6KDG67A: 8=6C<:H >C I=: B>M D; EGD9J8IH EJG8=6H:9 .=>HB6N>C8AJ9:6C>C8G:6H:>CI=:CJB7:GD;=DB:HI=6IG:EA68:I=:>GK>9:DH:GK>8:L>I=#CI:GC:I 9:A>K:G:96C9DG DK:G 6>G 8DCI:CI 6H L:AA 6H 6C >C8G:6H: >C I=: CJB7:G D; #CI:GC:I 6C9 KD>8: 8JHIDB:GH HJ7HI>IJI>C< BD7>A: 96I6 6C9 KD>8: EGD9J8IH;DGL>G:A>C:H:GK>8:H L=>8=LDJA9C:<6I>K:AN>BE68IDJG67>A>INID6IIG68I8JHIDB:GH >C8G:6H:G6I:H6C9B6>CI6>CDG >C8G:6H:G:K:CJ: #C699>I>DC DJG67>A>INID<6>CC:L8JHIDB:GH>H9:E:C9:CIIDHDB::MI:CIDCCD88JE>:9=DJH>C<>C DJGH:GK>8:6G:6H L=>8=>H>C;AJ:C8:97N7DI=C6I>DC6A6C9AD86A:8DCDB>88DC9>I>DCH 1:6@:8DCDB>88DC9>I>DCHB6N6AHD =6K:6C:<6I>K:>BE68IDCDJG69K:GI>H>CCI=:E6HI 6C9B6N69K:GH:AN 6;;:8IDJG86H=;ADL G:HJAIHD;DE:G6I>DCH6C9;>C6C8>6A8DC9>I>DC>;69DLCIJGCL:G:IDD88JG

#C699>I>DC L:6G:HJH8:EI>7A:IDG>H@H6HHD8>6I:9L>I=I=:EDI:CI>6A;>C6C8>6A>CHI67>A>IND;I=:K:C9DGH6C9I=>G9E6GI>:HDC L=>8=L:G:ANIDEGDK>9:EGD9J8IH6C9H:GK>8:HDGIDL=>8=L:DJIHDJG8:8:GI6>C;JC8I>DCH .=:H6B::8DCDB>88DC9>I>DCHI=6I B6N 6;;:8I DJG 8JHIDB:GH 6H L:AA 6H KDA6I>A>IN 6C9 9>HGJEI>DC>C I=: 86E>I6A 6C9 8G:9>I B6G@:IH 6AHD 8DJA9 69K:GH:AN 6;;:8I K:C9DGH6C9I=>G9E6GI>:H6C9A:69IDH>;>86CI>C8G:6H:H>CEG>8:H G:9J8I>DC>CDJIEJIDGI=:76C@GJEI8ND;DJGK:C9DGHDGI=>G9 E6GI>:HJEDCL=>8=L:G:AN CN>CI:GGJEI>DC>CI=:H:GK>8:HEGDK>9:97NDJGK:C9DGHDG7NI=>G9E6GI>:H8DJA969K:GH:AN6;;:8I DJG86H=;ADL G:HJAIHD;DE:G6I>DC6C9;>C6C8>6A8DC9>I>DC

9<>+B:?<:9=/=2+<>/<-9?6./B:/<3/8-/+.//7/.9A8/<=23:-2+81/38>2/0?>?2+>-9?6.6373>3>=+,363>C>9?=/3>=>+B 69==-+<

=6GI:G=696EEGDM>B6I:AN 7>AA>DCD;;:9:G6AI6MC:IDE:G6I>CC<>C6B6I:AN 7>AA>DC6HD;:8:B7:G .=:H:ADHH:HG:HJAI:9;GDBI=:DE:G6I>DCHD;=6GI:GDBBJC>86I>DCH "DA9>C<DBE6CN &&=6GI:G"DA98D6C9>IHHJ7H>9>6G>:H6C9;GDBADHH86GGN;DGL6G9HG:8:>K:96H6G:HJAID;I=:B:G<:G L>I=.1 :9:G6AI6MC:IDE:G6I>CG:>CI=:N:6GHI=GDJ<= #C699>I>DC =6GI:G=69HI6I: I6MC:IDE:G6I>CC<>C6ID;6EEGDM>B6I:AN B>AA>DC6HD;:8:B7:G -I6I:I6MC:IDE:G6I>CG:>CI=:N:6GHI=GDJ<=

#CI=:E6HI =6GI:G=6H:ME:G>:C8:9DLC:GH=>E8=6C<:H6H9:;>C:9>C-:8I>DCD;I=:#CI:GC6A,:K:CJ:D9:D; 6H 6B:C9:9I=:VD9:W #C<:C:G6A 6CDLC:GH=>E8=6C<:D88JGHL=:C:K:GI=:E:G8:CI6<:D;I=:HID8@D;68DGEDG6I>DCDLC:9

9>G:8IANDG>C9>G:8IAN 7N E:G8:CIHID8@=DA9:GHL>I=>CI=:B:6C>CDCD;I=:D9:>C8G:6H:H7NBDG:I=6C E:G8:CI6<:ED>CIHDK:GI=:ADL:HIE:G8:CI6<:D;I=:HID8@D;HJ8=8DGEDG6I>DCDLC:9 9>G:8IANDG>C9>G:8IAN 7NHJ8= E:G8:CI HID8@=DA9:GH6I6CNI>B:DK:GI=:EG:8:9>CHHJ7?:8IID6C6CCJ6AA>B>I6I>DCDCI=:JH:D;>IH ADHH86GGN;DGL6G9HL=>8=:M>HI:96I(DK:B7:G ;DGI=:;>GHIDLC:GH=>E8=6C<: I=DH:I=6I:M>HI:96I'6N ;DGI=: H:8DC9DLC:GH=>E8=6C<: 6C9I=DH:8G:6I:96I'6N ;DGI=:I=>G9DLC:GH=>E8=6C<: .=:A>B>I6I>DCDC=6GI:GH67>A>IN IDJH:>IHADHH86GGN;DGL6G9H >C8DC?JC8I>DCL>I=I=:ADHH86GGN;DGL6G9:ME>G6I>DCEGDK>H>DCH 8DJA9G:9J8:=6GI:GH67>A>INID JH:6EDGI>DCD;>IHADHH86GGN;DGL6G9HIDD;;H:I;JIJG:I6M67A:>C8DB: L=>8=8DJA9G:HJAI>C=6GI:G7:>CG:9IDB6@: B6I:G>6A86H=I6ME6NB:CIH =6GI:GH67>A>INIDB6@:HJ8=>C8DB:I6ME6NB:CIH >;6CN L>AA9:E:C96IHJ8=I>B:DC>IHA>FJ>9>IN DG>IH67>A>INIDG6>H:699>I>DC6A86E>I6A 6C9DGDCG:8:>EID;E6NB:CIHDG9>HIG>7JI>DCH;GDB=6GI:G"DA98D6C9>IHHJ7H>9>6G>:H

#;=6GI:GL:G:ID:ME:G>:C8:699>I>DC6ADLC:GH=>E8=6C<:H>CI=:;JIJG:6H6G:HJAID;EJG8=6H:H6C9H6A:HD;HID8@7N>IH E:G8:CIHID8@=DA9:GH C:L>HHJ6C8:HDGG:9:BEI>DCHD;DJGHID8@ 8:GI6>C68FJ>H>I>DCHD;>IHHID8@6C9>HHJ6C8:H G:9:BEI>DCH H6A:H DG DI=:G 9>HEDH>I>DCH DG 68FJ>H>I>DCH D; >CI:G:HIH >C >IH E:G8:CI HID8@=DA9:GH =6GI:GH 67>A>IN ID JH: >IH ADHH 86GGN;DGL6G9H8DJA97:8DB:HJ7?:8IID;JGI=:GA>B>I6I>DCH

0A/+9+385/C/7:69C//=9?<+,363>C>97+8+1/9?<,?=38/==-9?6.,/+.@/<=/6C+00/->/.

)JGDE:G6I>DC6AG:HJAIH=6K:9:E:C9:9 6C9DJG;JIJG:G:HJAIHL>AA9:E:C9 JEDCI=:G:I:CI>DC6C98DCI>CJ:9E:G;DGB6C8:D;DJG B6C6<:B:CII:6B )JG67>A>INIDG:I6>C6C9=>G:C:L@:N:BEADN::H;DGB6C6<:B:CIEDH>I>DCH8DJA97:>BE68I:969K:GH:AN7N I=:8DBE:I>I>K::CK>GDCB:CI;DGB6C6<:B:CII6A:CI>CI=:7GD6976C98DBBJC>86I>DCH>C9JHIGN .=:ADHHD;I=:H:GK>8:HD;@:N B:B7:GHD;B6C6<:B:CI6C9I=:>C67>A>INDG9:A6N>C=>G>CA>INIDB6C6<: DJG7JH>C:HH6C9DJG;JIJG:DE:G6I>DC6A6C9;>C6C8>6AG:HJAIH

&6@8@&29.A21A<#B?;12/A21;2@@

(/2+@/+=318303-+8>+79?8>90./,>+8./B:/->>938-?<=318303-+8>+..3>398+6./,>38-6?.381=/-?38>2/0?>?9?<038+8-3+62/+6>2+8.9?<+,363>C>9>9-2+81/=389?<,?=38/==

1:=6K:6H>;>86CI6BDJCID;9:7I6C9:ME:8IIDHJ7?:8IID6EEA>867A:G:HIG>8I>DCH>CDJG9:7I>CHIGJB:CIH>C8JG699>I>DC6A 9:7I>CI=:;JIJG:6HL:B6>CI6>CDJGHI6I:9D7?:8I>K:D; ID I>B:H9?JHI:9 #.A:K:G6<:C:I9:7I9>K>9:97NI=: A6HIIL:AK:BDCI=H9?JHI:9 #. HD;:8:B7:G DJGIDI6AEG>C8>E6A6BDJCID;9:7IL6H6EEGDM>B6I:AN 7>AA>DCL>I=6A:K:G6<:G6I>DD; I>B:H9?JHI:9 #.

)JGH>;>86CI6BDJCID;9:7I8DJA9=6K:8DCH:FJ:C8:H HJ8=6H

R >BE68IDJG67>A>INIDG6>H:699>I>DC6A86E>I6A6IG:6HDC67A:G6I:H DG6I6AA R B6@: JH KJAC:G67A: ID >CI:G:HI G6I: >C8G:6H:H >C E6GI 7:86JH: 6EEGDM>B6I:AN D; DJG 7DGGDL>CCJ:ID7: HJ7?:8IIDK6G>67A:G6I:HD;>CI:G:HI R :MEDH:JHID>C8G:6H:9>CI:G:HI:ME:CH:IDI=::MI:CIL:G:;>C6C8::M>HI>C<9:7IL>I==><=:G8DHI9:7I R G:FJ>G:JHID9:9>86I:6H>;>86CIEDGI>DCD;DJG86H=;ADL;GDBDE:G6I>C<68I>K>I>:HIDB6@:E6NB:CIHDCDJG9:7I G:9J8>CA67A:;DGLDG@>C<86E>I6A 86E>I6A:ME:C9>IJG:H 6C9DI=:G<:C:G6A8DGEDG6I::ME:CH:H R A>B>I DJG ;A:M>7>A>IN >C EA6CC>C< ;DG DG G:68I>C< ID 8=6C<:H >C DJG 7JH>C:HH I=: 867A: 6C9 I:A:8DBBJC>86I>DCH >C9JHIG>:H 6C9I=::8DCDBN6IA6G<: R EA68:JH6I69>H69K6CI6<:8DBE6G:9IDDJG8DBE:I>IDGHI=6I=6K:EGDEDGI>DC6I:ANA:HH9:7I6C9 R 69K:GH:AN6;;:8IDJGG:A6I>DCH=>EL>I=8JHIDB:GH6C9HJEEA>:GH

.DI=::MI:CIDJG8JGG:CI9:7I6BDJCIH>C8G:6H:BDG:I=6C:ME:8I:9 DJG7JH>C:HHG:HJAIH6G:ADL:GI=6C:ME:8I:9 DG8G:9>I G6I>C<6<:C8>:H9DLCB>I>CCK:HIB:CIH@HI=6IL:CDL;68:L>AA >CI:CH>;N

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

 HJ8=E=6H:DJI6C9H:A:8I>DCD;6C6AI:GC6I>K:G:;:G:C8:G6I: ID<:I=:GL>I=9>HGJEI>DC>CI=:;>C6C8>6AB6G@:IH 8DJA9>C8G:6H:>C I=:8DHID;DJGK6G>67A:G6I:>C9:7I:9C:HH

%2/+1=+8.38=>=19@/<83819?<./,>-98>+38<3->398=+8.6373>+>398=>2+>-9?6.=318303-+8>6C+00/->9?< +,363>C>99:/<+>/9?<,?=38/==+=A/66+==318303-+8>6C+00/->9?<63;?3.3>C

)JG8G:9>I;68>A>I>:H6C9I=:>C9:CIJG:HCC6CJB7:GD;H>;>86CI8DK:C6CIHI=6I8DJA969K:GH:AN6;;:8I DJG67>A>INIDDE:G6I:DJG7JH>C:HH DJGA>FJ>9>IN 6C9DJGG:HJAIHD;DE:G6I>DCH .=:H:8DK:C6CIHG:HIG>8I 6BDCC9>6G>:HX67>A>INID

R >C8JG699>I>DC6A9:7I R G:EJG8=6H:DGG:9::B:FJ>IN>CI:G:HIH6C99:7I R >HHJ::FJ>IN R B6@:8:GI6>C>CK:HIB:CIHDG68FJ>H>I>DCH R E6N9>K>9:C9HDGB6@:DI=:G9>HIG>7JI>DCH R 9>HEDH:D;6HH:IHDGB:G<: R :CI:G>CIDG:A6I:9E6GINIG6CH68I>DCH6C9 R :CH6C9EA:9<:6HH:IH

99>I>DC6AAN I=:=6GI:GDBBJC>86I>DCH)E:G6I>C< &&=6GI:G)E:G6I>C<8G:9>I;68>A>I>:HG:FJ>G:=6GI:G)E:G6I>CI=6B6M>BJBIDI6AA:K:G6<:8DK:C6CI6C96B6M>BJB;>GHIA>:CA:K:G6<:8DK:C6CI .=:7G:68=D;6CN8DK:C6CIHDG D7A><6I>DCH>CDJG>C9:CIJG:HDG8G:9>I;68>A>I>:H CDIDI=:GL>H:L6>K:9DG6B:C9:9 8DJA9G:HJAI>C69:;6JAIJC9:GI=:6EEA>867A: 9:7I D7A><6I>DCH 6C9 8DJA9 IG><<:G 688:A:G6I>DC D; I=DH: D7A><6I>DCH L=>8= >C IJGC 8DJA9 IG><<:G 8GDHH 9:;6JAIH JC9:G DI=:G 6CC9:7I:9C:HH #C699>I>DC I=:H:8JG:9A:C9:GHJC9:GDJGCDI:H6C9I=:=6GI:G)E:G6I>C< 8G:9>I;68>A>I>:H8DJA9;DG:8ADH:DCI=:>G8DAA6I:G6A L=>8=>C8AJ9:H:FJ>IN>CI:G:HIH>CHJ7HI6CI>6AAN6AAD;DJGHJ7H>9>6G>:H 6C9 :M:G8>H:DI=:GG><=IHD;H:8JG:98G:9>IDGH

&6@8@&29.A21A<#D;2?@56=$<@6A6<;<3 6/2?AF?<.1/.;1

3,/<>C<9+.,+8.9<:9<+>3983,/<>C<9+.,+8.+8..@+8-/ /A29?=/!+<>8/<=23:E F2+@/19@/<8+8-/<312>= >2+>13@/>2/73806?/8-/9@/<-9<:9<+>/><+8=+->398=+8.9>2/<7+>>/<=

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

G:HE:8I>K:H=6G:HD;=6GI:GA6HH8DBBDCHID8@6C9=6GI:GA6HH8DBBDCHID8@;DGI=:9>G:8IDGCDB>C::HCDB>C6I:97N I=:CDB>C6I>C<6C98DGEDG6I:II::D;I=:7D6G9D;9>G:8IDGH >C8AJ9>CK:9:H>7:GIN GD6976C96C9( 6C96<6>CHI6CNDI=:GCDB>C::H :M8:EII=6I L>I=G:HE:8IIDI=:JC6;;>A>6I:99>G:8IDGH &>7:GINGD6976C9 6C9(BJHI>CHI:69KDI:>CI=:H6B:EGDEDGI>DC6HI=:KDI>CI>:H6G:KDI:97NHID8@=DA9:GHDI=:GI=6C(6C9&>7:GIN GD6976C9DG6CN8=>C8AJ9:H6CND;I=:B6G:KDI:9 >;9D>C;;:G:CIDJI8DB:L>I=G:HE:8IIDI=: JC6;;>A>6I:9 9>G:8IDGH #C 699>I>DC 7:86JH: &>7:GIN GD6976C9XH KDI>C< EDL:G :M8::9H >IH KDI>C< 86E D; &>7:GIN GD6976C9BJHIKDI:6C9:M:G8>H:G><=IHID8DCH:CIL>I=G:HE:8IIDKDI>CI>:H=:A9>C:M8:HHD;I=:KDI>C<86E>CI=:H6B: EGDEDGI>DC6H6AADI=:GKDI:H86HI7NHID8@=DA9:GHDI=:GI=6C(6C9&>7:GINGD6976C9L>I=G:HE:8IIDI=:6EEA>867A:B6II:G H6G:HJAID;I=:>GG><=IHJC9:GI=:HID8@=DA9:GH6GH>;>86CI:FJ>IN6C9KDI>CC=6GI:G &>7:GIN GD6976C96C9DG( L=DB6N=6K:>CI:G:HIH9>;;:G:CI;GDBI=DH:D;DI=:GHID8@=DA9:GH L>AA7:67A:ID:M:G8>H:HJ7HI6CI>6A >C;AJ:C8:DK:G8:GI6>CB6II:GHG:A6I>CC8AJ9>C;>86CI8DGEDG6I:68I>DCH HJ8=6HB:G<:GH6C9DI=:G7JH>C:HH8DB7>C6I>DCIG6CH68I>DCH

%2/ =>9-5296./<= +1 :<9@3./= +8. 3,/<>C <9+.,+8. A3>2 :3@/ <312>= A3>2 >9 3==?+8-/= 90 2+<>/< /;?3>C 38 -988/->398 A3>2 -/<>+38 ><+8=+->398= +8. 38 >2/ /@/8> >2+> 9< 3,/<>C <9+.,+8. /B/<-3=/= >2/=/ <312>=296./<=902+<>/<6+==-97798=>9-57+C/B:/<3/8-/0?<>2/<.36?>398

.=: HID8@=DA9:GH 69:H I=6I ( 6C9 &>7:GIN GD6976C9 L>AA =6K: 8:GI6>C 8DCIG68IJ6A EG::BEI>K: G><=IH DK:G >HHJ6C8:HD;=6GI:G:FJ>INH:8JG>I>:H>C8DCC:8I>DCL>I=86E>I6AG6>H>CDCH B:G<:G6C968FJ>H>I>DCIG6CH68I>DCH 6C9>C 8:GI6>CDI=:G8>G8JBHI6C8:H "DA9:GHD;=6GI:GA6HH8DBBDCHID8@L>AACDI7::CI>IA:9IDH>B>A6GEG::BEI>K:G><=IHL>I= G:HE:8IIDHJ8=IG6CH68I>DCH H6G:HJAI >;&>7:GINGD6976C96C9DG(:A:8IID:M:G8>H:I=:>GEG::BEI>K:G><=IH >I=:H: E6GI>:HLDJA9CDI:ME:G>:C8:I=:9>AJI>DC:ME:G>:C8:97NI=:DI=:G=DA9:GHD;=6GI:GA6HH8DBBDCHID8@ 6C9>>HJ8=DI=:G =DA9:GHD;=6GI:GA6HH8DBBDCHID8@B6N:ME:G>:C8:;JGI=:G9>AJI>DCD;I=:>G>CI:G:HI>C=6GI:GJEDCHJ8=:M:G8>H:

&6@8@&29.A21A<&24B9.A

?<,?=38/==3==?,4/->>9/B>/8=3@/19@/<87/8>+66/13=6+>398+8.398A23-2-9?6.+.@/<=/6C+00/->9?<,?=38/==

,:DC D; I=: 867A: >C9JHIGN =6H >C8G:6H:9 867A: DE:G6IDGHX DE:G6I>DC6A 6C9 69B>C>HIG6I>K: :ME:CH:H 6C9 A>B>I:9 I=:>G G:K:CJ:H 67A:DE:G6IDGH6G:HJ7?:8IIDCJB:GDJHA6LH6C9G:DCH>C8AJ9>CCC<

R I=:EGDK>H>DCD;=><= HE::9#CI:GC:IH:GK>8: >C8AJ9>CIN6C9IG6CHE6G:C8NGJA:H R I=:EGDK>H>DCD;KD>8:8DBBJC>86I>DCH R 867A:;G6C8=>H:G:C:L6AH6C9IG6CH;:GH R I=:EGDK>H>DC>C<6C9B6G@:I>CEB:CI R 8JHIDB:G6C9:BEADN::EG>K68N6C996I6H:8JG>IN R 8DENG><=IGDN6AI>:H;DGG:IG6CHB>II>C<7GD6986HIH>8JA6G7GD6986HIHI6I>DC6C9L=:C>IBJHI;>GHID7I6>CG:IG6CHB>HH>DC8DCH:CIID86GGN 67GD6986HIHI6I>DC R A>B>I6I>DCHDCDJG67>A>INID:CI:G>CID:M8AJH>K:6I=BJAI>EA:9L:AA>CI8DBEA:M:H6C98DCIGDADJG>CH>9: L>G>C< R :FJ6A:BEADNB:CIDEEDGIJC>IN R :B:G<:C8N6A:GIHNHI:BH 9>H67>A>IN688:HH EDA:6II68=B:CIH 8DBB:G8>6AA:6H:9688:HH6C9I:8=C>86AHI6C96G9H R B6G@:I>C8:H 8JHIDB:GH:GK>8: 6C98DCHJB:GEGDI:8I>DC6C9 R 6EEGDK6A ;DG B:G<:GH 6C9 68FJ>H>I>DCH D;I:C 688DBE6C>:9 7N I=: >BEDH>I>DC D; G:HIG>8I>DCH 6C9 G:FJ>G:B:CIH DC 6C 6EEA>86CIXH7JH>C:HH>CDG9:GIDH:8JG:6EEGDK6AD;I=:EGDEDH:9IG6CH68I>DC

&:<>HA6IDGH6C9G:9:G8=6C<>C< 6C9HDB:I>B:H9D8=6C<: :M>HI>CDCH DG>CI:GEG:I6I>DCHI=:G:D; DGEG:H8G>7:C:LDC:H CN;JIJG:A:<>HA6I>K: ?J9>8>6A G:C>HIG6I>K: 68I>DCHB6N>C8G:6H:DJG8DHIHDG>BEDH:699>I>DC6AG:HIG>8I>DCHDCDJG7JH>C:HH:H

2+81/=>9/B3=>381=>+>?>/=398=9<38>/<:+>398=>2/398908/A98/=-9?6.2+@/+8+.@/<=/ /00/->989?<,?=38/==

.=:G:6G:DCC<:;;DGIHID6B:C9DG:ME6C9I=:;:9:G6A HI6I: 6C9AD86AG:DCD;HDB:D;I=:H:GK>8:HD;;:G:9DK:GDJG 867A:HNHI:BH L=>8=B6N8DBEDJC9I=:G:H@HL:6AG:69N;68: DG:M6BEA: L>I=G:HE:8IIDDJGG:I6>A7GD6976C9 #CI:GC:I688:HHH:GK>8: I=: =6HG:8A6HH>;>:9I=:H:GK>8:IL>8:>CI=:A6HI;:LN:6GH L>I=I=:;>GHI8=6C<:699>C<;:9:G6A

 G:<6I>DCH6C9I=:H:8DC98=6C<:A6G<:ANG:BDK>C<6I>DCH 8=6C<:>C9B>C>HIG6I>DC 6C96C:LDCCB6NG:HJAI>CI=:G: >BEDH>I>DCD;D7A><6I>DCH I=GDJ<=A:<>HA6I>DCDGG:DC

)I=:GEDI:CI>6AA:<>HA6I>K:6C9G:BE68IDJG7JH>C:HH7N>C8G:6H>CI>DC 6C9A>B>I>CA>INIDD;;:GH:GK>8:H>C6B6CC:GI=6II=6ILDJA9B6M>B>O:DJGG:K:CJ:EDI:CI>6A .=:H:8=6C<:H8DJA9 >C8AJ9: ;DG :M6BEA: I=: 69DEI>DC D; C:L EG>K68N G:HIG>8I>DCH DC DJG 8DAA:8I>DC JH: 6C9 9>H8ADHJG: D; 8:GI6>C 8JHIDB:G >C;DGB6I>DC C:L 96I6 H:8JG>IN 6C9 8N7:GH:8JG>IN B6C96I:H I=6I8DJA9 G:HJAI >C 699>I>DC6A C:ILDG@ 6C9 >C;DGB6I>DC H:8JG>IN G:FJ>G:B:CIH;DGDJG7JH>C:HH C:LG:HIG6>CIHDCDJG9>H8G:I>DCDK:GEGDC<9:8>H>DCH C:LG:HIG>8I>DCHDCI=:G6I:HL: 8=6G<:;DGK>9:DEGDC<6C9I=:B6G@:I>C<6C9E68@6<>C9:DEGDC<6C9DI=:GH:GK>8:HID8DCHJB:GH 8=6C<:H ID I=: 867A: >C9JHIGNXH 8DBEJAHDGN 8DENG><=I A>8:CH: ID 86GGN 7GD6986HI H>G:B:CIH ID 6HHJG: I=: 6K6>A67>A>IND;C6K><6I>DC9:K>8:HHJ8=6H9><>I6AG:8:>K:GH;GDBI=>G9 E6GINEGDK>9:GH C:L/C>K:GH6A-:GK>8: JC9D7A><6I>DCH DCDJGEGDK>H>DCD;#CI:GC:IH:GK>8:I=6ILDJA9699IDI=:8DHID;I=6IH:GK>8:>C8G:6H:H>CC>HI:G:97GD6976C9 HJ7H>9>:H ID GJG6A 6G:6H I=6I 8DJA9 G:HJAI >C HJ7H>9>O:9 DK:G7J>A9>C< D; DJG BDG: GJG6A ;68>A>I>:H 8=6C<:H ID I=: H 69B>C>HIG6I>DCD;HE:8IGJB 6C98=6C<:H>CI=:G:8: >C8AJ9>C<6I>DCH 6HHD8>6I:9 L>I= DJG 0D#* H:GK>8: 6C9 DJG 67>A>IN ID >CI:G8DCC:8I DJG 0D#* H:GK>8: L>I= >C8JB7:CI EGDK>9:GH D; IG69>I>DC6AI:A:8DBBJC>86I>DCHH:GK>8:

#;6CND;I=:H:HJ8=A6LHDGG:DCH6G::C68I:9 I=:N8DJA96;;:8IDJGDE:G6I>DCH6C9G:FJ>G:H>;>86CI:ME:C9>IJG:H 1: 86CCDIEG:9>8I;JIJG:9:K:ADEB:CIH>CI=:H:6G:6H 6C96CN8=6C<:HIDI=:G:9:DDG0D#* H:GK>8:H8DJA9=6K:6C:<6I>K:>BE68IDCDJG7JH>C:HH6C9G:HJAIHD;DE:G6I>DCH

#IG:B6>CHJC8:GI6>CL=6IGJA:8=6C<:H >;6CN L>AAJAI>B6I:AN7:69DEI:97NDCCC6C8>6A>BE68I6CNHJ8=GJA:HB><=I=6K:DCJH >C8AJ9>CC<6K68N6C9I=:JH:G :ME:G>:C8: #C 699>I>DC I=: I=: . 6C9 K6G>DJH HI6I: 6<:C8>:H 6C9 6IIDGC:N <:C:G6AH 68I>K:AN >CK:HI><6I: >C9JHIGN EG68I>8:H6C98DJA9>BEDH:HJ7HI6CI>6A;DG;:>IJG:H;DG6AA:<:9G:DA6I>DCH

%+B6/13=6+>398+8.+.7383=><+>3@/383>3+>3@/=9<-2+66/81/=>99?<>+B+8.0//:9=3>398=-9?6.+.@/<=/6C+00/->9?<=90 9:/<+>398=+8.038+8-3+6-98.3>398

1: DE:G6I: 867A: HNHI:BH >C AD86I>DCH I=GDJ<=DJI I=: /C>I:9 -I6I:H 6C9 6H 6 G:HJAI L: 6G: HJ7?:8I ID I=: I6M A6LH 6C9 G:DCHD;;:9:G6A HI6I:6C9AD86AB:IDI>B: A:<>HA6I>K:6C969B>C>HIG6I>K:7D9>:H8=6C<:A6LH6C9 G:DCHI=6I8=6C<:DJG:;;:8I>K:I6MG6I:DGI6ME6NB:CIH DG>CHI6C8: I=:G:6G:>C>I>6I>K:H6II=:;:9:G6AA:K:AIDG:K:GH: I=: 8DGEDG6I: I6M 8JIH >C I=: ;6KDG67A: .6M JIH 6C9 $D7H 8I D; :GI6>C HI6I:H 6C9 AD86A>I>:H =6K: >BEDH:9 DG 6G: 8DCH>9:G>C<>BEDH>CI>DC6AI6M:HDG;::HDCDJGH:GK>8:HDG8=6C<>C:HDG76H:DCL=>8=8:GI6>C ;::H 6C9 I6M:H 6G: 8DBEJI:9 *DI:CI>6A 8=6C<:H >C8AJ9: 699>I>DC6A I6M:H DG ;::H DC DJG H:GK>8:H L=>8= 8DJA9 >BE68I DJG 8JHIDB:GH 8=6C<:HID>C8DB:I6MHDJG8>CC:HHI6M:H 8:CIG6AJC>I A:K:A6HH:HHB:CID; EGDE:GIN I6M:H 6C9 DI=:G B6II:GH I=6I 8DJA9 >C8G:6H: DJG >C8DB: ;G6C8=>H: H6A:H JH: 6C9DG EGDE:GIN I6M A>67>A>I>:H DG :M6BEA: HDB:AD86A;G6C8=>H>C<6JI=DG>I>:H6G:H::@>CBEDH:;G6C8=>H:;::6HH:HHB:CIHDCDJG7GD6976C9#CI:GC:I688:HH H:GK>8:>C699>I>DCIDDJGK>9:DH:GK>8: 6C9BDG:B6N9DHD>CI=:;JIJG: #;I=:N9DHD 6C98=6AA:C<:HIDHJ8=6HH:HHB:CIH 6G:JCHJ88:HH;JA >I8DJA969K:GH:AN>BE68IDJG8DHIH AI=DJ<=I=: >HHJ:969:8>H>DCEG:8AJ9>CBEDH>I>DCD;HJ8= 9JEA>86I>K:;::H I=6I;6KDG67A:9:8>H>DC>H8JGG:CIANHJ7?:8IID?J9>8>6AG:K>:L #C699>I>DC ;:9:G6A HI6I:6C9AD86AI6MA6LH6C9 G:DCH6G::MIG:B:AN8DBEA:M6C9HJ7?:8IIDK6GN>C<>CI:GEG:I6I>DCH .=:G:86C7:CD6HHJG6C8:I=6IDJGI6MEDH>I>DCHL>AA CDI7:8=6AA:C<:97NG:A:K6CII6M6JI=DG>I>:HDGI=6IL:LDJA97:HJ88:HH;JA>C6CNHJ8=8=6AA:C<:

?< -+,6/ =C=>/7 0<+8-23=/= + >9 898/<738+>398 +8. +9 2/1<+8>90+..3>398+60<+8-23=/=3898/9<799?<,?=38/==

)JG 867A: HNHI:BH <:C:G6AAN DE:G6I: EJGHJ6CI ID ;G6C8=>H:H E:GB>IH 6C9 H>B>A6G 6JI=DG>O6I>DCH >HHJ:9 7N 6 HI6I: DG AD86A IN 8DCIGDAA>C< I=: EJ7A>8 G><=IH D; L6N '6CN ;G6C8=>H:H :HI67A>H= 8DBEG:=:CH>K: ;68>A>I>:H 6C9 H:GK>8: G:FJ>G:B:CIH 6H L:AA 6H HE:8>;>8 8JHIDB:G H:GK>8: HI6C96G9H 6C9 BDC:I6GN E:C6AI>:H ;DG CDC 8DBEA>6C8: #C B6CN 86H:H ;G6C8=>H:H 6G: I:GB>C67A: >; I=: ;G6C8=>H:: ;6>AH ID 8DBEAN L>I= H>;>86CI EGDK>H>DCH H:I ;DGI= >C I=: ;G6C8=>H: 6CDCH G6C8=>H:H6G:<:C:G6AANM:9I:GBH6C9BJHI7:E:G>D9>86AANG:C:L:9 G6C8=>H>C< 6JI=DG>I>:H B6N G:H>HI C< 6 G:C:L6A >; :>I=:G E6HI E:G;DGB6C8: DG I=: EGDHE:8I>K: DE:G6I>C< EGDEDH6A >H 8DCH>9:G:9 >C69:FJ6I: G6C8=>H:6JI=DG>I>:HD;I:C9:B6C98DC8:HH>DCHDGDI=:G8DBB>IB:CIH6H68DC9>I>DCIDG:C:L6A #CHDB:>CHI6C8:H AD86A;G6C8=>H:H=6K:CDI7::CG:C:L:96I:ME>G6I>DC 6C9L:=6K:DE:G6I:96C96G:DE:G6I>CI=:GI:BEDG6GNDE:G6I>C< 6I=DJI6;G6C8=>H:L=>A:C:6I>CI=I=:AD86A;G6C8=>H>C<6JI=DG>I>:H

1:86CCDI6HHJG:NDJI=6IL:L>AA7:67A:ID8DBEANL>I=6AAH>;>86CIEGDK>H>DCHD;DJG;G6C8=>H:6CD; DJG ;G6C8=>H:GH =6K: ;GDB I>B: ID I>B: 6AA:<:9 I=6I L: =6K: CDI 8DBEA>:9 L>I= I=:H: 6I>DC6AAN 6AI=DJ<= =>HIDG>86AANL:=6K:G:C:L:9DJG;G6C8=>H:HL>I=DJI>C8JGG>C;>86CI8DHIH L:86CCDI6HHJG:NDJI=6IL:L>AA7:67A:ID G:C:L DGIDG:C:L6H;6KDG67AN DJG;G6C8=>H:H>CI=:;JIJG: I:GB>C6I>DCD;DG6HJHI6>C:9;6>AJG:IDG:C:L6;G6C8=>H:>CDC: DGBDG:H:GK>8:6G:6H8DJA969K:GH:AN6;;:8IDJG7JH>C:HH>CI=:6;;:8I:9<:D86G:6

)JG 867A: HNHI:B ;G6C8=>H:H 6G: CDC :M8AJH>K: DCH:FJ:CIAN AD86A 6C9 HI6I: ;G6C8=>H>C< 6JI=DG>I>:H 86C I>DC6A ;G6C8=>H:HID8DBE:I>IDGH>CI=:H6B:<:D86G:6DGDE:G6I:I=:>GDLC867A:HNHI:BH #CHDB:86H:H AD86AI>:H6C9BJC>8>E6AJI>A>I>:HB6NA:<6AAN8DBE:I:L>I=JHDCBDG:;6KDG67A:I:GBH

A2: &8+00977/8>=

(DC:

A2: !<9:/<>3/=

)JG EG>C8>E6A E=NH>86A 6HH:IH 8DCH>HI D; 867A: 9>HIG>7JI>DC EA6CI 6C9 :FJ>EB:CI >C8AJ9>C< H>K>C< :C8D9>C< 6C9 9:8D9>C< 9:K>8:H =:69:C9 G:8:EI>DC ;68>A>I>:H 9>HIG>7JI>DC HNHI:BH 6C9 8JHIDB:G EG:B>H: :FJ>EB:CI ;DG :68= D; DJG 867A: HNHI:BH

)JG867A:EA6CI6C9G:A6I:9:FJ>EB:CI6G:<:C:G6AAN6II68=:9IDJI>A>INEDA:HJC9:GEDA:G:CI6A6I=AD86AEJ7A>8 JI>A>I>:H6C9I:A:E=DC:8DBE6C>:H 6C9>C8:GI6>CAD86I>DCH6G:7JG>:9>CJC9:GDCH>I:H 6C9DLCDJGH:GK>8:K:=>8A:H

1:<:C:G6AANA:6H:HE68:;DG7JH>C:HHD;;>8:H )JG=:69:C96C9IDL:GAD86I>DCH6G:AD86I:9DCDLC:9DGA:6H:9E6G8:AHD;A6C9 6C9L:<:C:G6AANDLCI=:IDL:GHDCL=>8=DJG:FJ>EB:CI>HAD86I:9

.=:E=NH>86A8DBEDC:CIHD;DJG867A:HNHI:BHG:FJ>G:B6>CI:C6C8:6HL:AA6HE:G>D9>8JE8:H 6C9EGD9J8IHL:>CIGD9J8: -::V#I:B JH>C:HHT)JG(:ILDG@.:8=CDADH: FJ>EB:CI W1:7:A>:K: I=6IDJGEGDE:GI>:H6G:<:C:G6AAN>CC<8DC9>I>DC6C96G:HJ>I67A:;DGDJG7JH>C:HHDE:G6I>DCH

A2: /1+6!<9-//.381=

.=: A:<6A EGD8::9>CC;DGB6I>DC H:I ;DGI= >C (DI: ID I=: 688DBE6CN>C< 8DCHDA>96I:9 ;>C6C8>6A HI6I:B:CIH 8DCI6>C:9 >C V*6GI## #I:B >C6C8>6A-I6I:B:CIH6C9-JEEA:B:CI6GN6I6W>CI=>HCCJ6A,:EDGIDC DGB %>H>C8DGEDG6I:9=:G:>C7N G:;:G:C8:

A2: 38/$+0/>C3=-69=?

(DI6EEA>867A:

 $&(

A2: +<5/>09<#/13=><+8>G=97798;?3>C#/6+>/.$>9-5296./<+>>/<=+8.==?/C$/-?<3>3/=

=6GI:GXH A6HH 8DBBDC HID8@ >H A>HI:9 DC I=: (-+ !AD76A -:A:8I '6G@:I JC9:G I=: HNB7DA V"., W H D; :8:B7:G I=:G:L:G:6EEGDM>B6I:AN =DA9:GHD;G:8DG9D;=6GI:GXHA6HH8DBBDCHID8@6C9DC:=DA9:GD; =6GI:GHA6HH8DBBDCHID8@ =6GI:G=6HCDIE6>986H=9>K>9:C9HDC>IH8DBBDCHID8@6C99D:HCDI>CI:C9ID9DHD>CI=: ;DG:H::67A:;JIJG: JG>C< I=:G:L:G:CDJCG:<>HI:G:9H6A:HD;H:8JG>I>:HD;I=:G:<>HIG6CI

'20B?6A62@BA5B6AF<:=2;@.A6<;$9.;@

.=:;DAADL>C<>C;DGB6I>DC>HEGDK>9:96HD;:8:B7:G L>I=G:HE:8IID:FJ>IN8DBE:CH6I>DCEA6CH

+2645A21 "B:/2?<3'20B?6A62@ C2?.42E2?06@2 "B:/2?<3'20B?6A62@ ADCEA6CH6EEGDK:97NH:8JG>IN =DA9:GH FJ>IN8DBE:CH6I>DCEA6CHCDI6EEGDK:97N H:8JG>IN=DA9:GH U U U

.).& 

 .=>HIDI6A9D:HCDI>C8AJ9: H=6G:H>HHJ:9EJGHJ6CIIDG:HIG>8I:9HID8@K: *A6C L=>8=6G:HJ7?:8IIDK:HI>C<76H:9DC8DCI>CJ:9H:GK>8:

DG >C;DGB6I>DC G:<6G9>C< H:8JG>I>:H >HHJ:9 JC9:G DJG :FJ>IN 8DBE:CH6I>DC EA6CH H:: (DI: ID DJG 688DBE6CN>C< 8DCHDA>96I:9;>C6C8>6AHI6I:B:CIH8DCI6>C:9>CV*6GI## #I:B >C6C8>6A-I6I:B:CIH6C9-JEEA:B:CI6GN6I6 W

$2?3

.=:E:G;DGB6C8:G:97N#I:BL>AA7:>C8AJ9:9>C=6GI:GXH*GDMN-I6I:B:CII=:V*GDMN-I6I:B:CIWJC9:G I=: =:69>CDC >H8JHH>DC 6C9 C6ANH>H W DG >C 6B:C9B:CI ID I=>H CCJ6A ,:EDGI DC DGB % 6C9 >H >C8DGEDG6I:9=:G:>C7NG:;:G:C8:

$B?05.@2@<3>B6AF'20B?6A62@/FA52@@B2?

.=:;DAADL>CINH:8JG>I>:H8DBEA:I:99JG>CC B>AA>DCH :M8:EIE:GH=6G:96I6 (

#C8AJ9:H 6C9 H=6G:HL>I==:A9;GDB:BEADN::H;DGI=:E6NB:CID;I6M:H6C9:M:G8>H:8DHIHJEDCI=: :M:G8>H:D;HID8@DEI>DCHDGK:HI>CIN6L6G9H;DGI=:BDCI=HD;)8ID7:G (DK:B7:G6C9:8:B7:G G:HE:8I>K:AN JG>CB6I:AN B>AA>DCH=6G:HD;>IHA6HH 8DBBDCHID8@;DG6EEGDM>B6I:AN 7>AA>DC =6GI:G"DA9>CAA>DC=6GI:G"DA9>CIH ;GDB(6I6C6K:G6<:EG>8:E:GJC>ID; DGB>AA>DC9JG>CC>C<7D6G96JI=DG>INIDEJG8=6H:6C699>I>DC6A 7>AA>DCD;=6GI:GXHA6HH

8DBBDCHID8@6C9DG=6GI:G"DA9>CIH #C699>I>DCIDDE:CB6G@:IEJG8=6H:H>C8AJ9>CB:IDI>B: =6GI:GB6N6AHD7JNH=6G:HD;=6GI:GA6HH8DBBDCHID8@ ;GDBI>B:IDI>B: EJGHJ6CIIDEG>K6I:IG6CH68I>DCHDJIH>9:D;>IH,JA:7 EA6C6C96CNHJ8=G:EJG8=6H:HB6N6AHDIG><<:GI=:G:EJG8=6H:H ;GDB ( EJGHJ6CI ID 6C9 ID I=: :MI:CI EGDK>9:9 >C I=: &:II:G 7:GIN EJGHJ6CI ID I=: HID8@=DA9:GH 6H8JHH>DC6C9C6ANH>HD; >C6C8>6ADC9>I>DC6C9,:HJAIHD;)E:G6I>DCH U&>FJ>9>IN6C96E>I6A,:HDJG8:H

A2: $/6/->/.38+8-3+6+>+

.=:;DAADL>C96I:9;>C6C8>6A96I6;DGI=:E:G>D9H>C9>86I:99DAA6GH>CB>AA>DCH :M8:EIE:GH=6G: 96I6

-2.?@;121202:/2? 'A.A2:2;A<3#=2?.A6<;@.A. ,:K:CJ:H #C8DB:;GDBDE:G6I>DCH #CI:G:HI:ME:CH: C:I #C8DB:7:;DG:>C8DB:I6M:H (:I>C8DB:6IIG>7JI67A:ID=6GI:GH=6G:=DA9:GH 6GC>C8 6GC>CAJI:9 1:><=I:96K:G6<:H=6G:HDJIHI6C9>C< 76H>8 1:><=I:96K:G6<:H=6G:HDJIHI6C9>C< 9>AJI:9

.9.;02'522A.A.2;1<3=2?6<1 #CK:HIB:CI>C867A:EGDE:GI>:H .DI6A6HH:IH .DI6A9:7I .DI6AH=6G:=DA9:GHX:FJ>IN

DBE6G67>A>IN D; I=: 67DK: >C;DGB6I>DC ;GDB N:6G ID N:6G >H 6;;:8I:9 7N 68FJ>H>I>DCH 6C9 9>HEDH>I>DCH 8DBEA:I:9 7N JH >C8AJ9>CI=.16C968FJ>H>I>DCD;G><=I"DJH:>C

A2: +8+1/7/8>G=3=-?==398+8.8+6C=3=9038+8-3+698.3>398+8.#/=?6>=90 :/<+>398=

,:;:G:C8: >H B69: ID V*6GI # #I:B ,>H@ 68IDGHW 6C9 V6JI>DC6GN -I6I:B:CI ,:<6G9>C< DGL6G9 &DD@>C< -I6I:B:CIH W L=>8= 9:H8G>7: >BEDGI6CI ;68IDGH I=6I 8DJA9 86JH: 68IJ6A G:HJAIH ID 9>;;:G ;GDB :ME:8I6I>DCH 6C9 CDC =>HIDG>86A >C;DGB6I>DC 8DCI6>C:9=:G:>C #C699>I>DC I=:;DAADL>C<9>H8JHH>DCH=DJA97:G:69>C8DC?JC8I>DCL>I=I=:6J9>I:98DCHDA>96I:9;>C6C8>6A HI6I:B:CIH6C9688DBE6CN>CC8AJ9:9>CV*6GI## #I:B >C6C8>6A-I6I:B:CIH6C9-JEEA:B:CI6GN 6I6 W

#C2?C62D

1: 6G: 6 A:69>C< 7GD6976C9 8DCC:8I>K>IN 8DBE6CN 6C9 867A: DE:G6IDG H:GK>C< BDG: I=6C B>AA>DC 8JHIDB:GH >C HI6I:H I=GDJ<=DJG-E:8IGJB7G6C9 )K:G6C69K6C8:9=><= 86E68>IN ILD L6NI:A:8DBBJC>86I>DCHC:ILDG@ L:D;;:G6;JAAG6C<:D; HI6I: D; I=: 6GIG:H>9:CI>6A6C97JH>C:HHH:GK>8:H>C8AJ9>C<-E:8IGJB#CI:GC:I .0 'D7>A:6C90D>8: DGHB6AA6C9B:9>JB H>O:98DBE6C>:H -E:8IGJBJH>C:HH9:A>K:GHI=:H6B:HJ>I:D;7GD6976C9EGD9J8IH6C9H:GK>8:H8DJEA:9L>I=HE:8>6A;:6IJG:H 6C96EEA>86I>DCHID:C=6C8:EGD9J8I>K>IN L=>A:;DGA6G<:G7JH>C:HH:H6C9I>:H -E:8IGJB CI:GEG>H:EGDK>9:H =><=AN8JHIDB>O:9 ;>7:G 76H:9HDAJI>DCH -E:8IGJB,:68=9:A>K:GHI6>ADG:969K:GI>H>C<6C9EGD9J8I>DC;DGI=:BD9:GCB:9>6 A6C9H86E: 1:6AHD9>HIG>7JI:6L6G9 L>CC>C<= FJ6A>INDG><>C6AEGDC<>C6AH -:: V*6GI # #I:B JH>C:HH U *GD9J8IH 6C9 -:GK>8:HW ;DG ;JGI=:G 9:H8G>EI>DCD;I=:H:H:GK>8:H >C8AJ9>C<8JHIDB:GHI6I>HI>8H;DG9>;;:G:CIH:GK>8:H

.=:)0# E6C9:B>86C9B:6HJG:HI6@:CIDEG:K:CI>IHHEG:69>BE68I:9DJG7JH>C:HH6C9EG:H:CI:9H>;>86CI8=6AA:C<:H I=GDJ<=DJI .DG:9J8:I=:IG6CHB>HH>DCD;)0# ;:9:G6A HI6I:6C9AD86ABEA:B:CI:96L>9:G6C<:D; G:HIG>8I>DCHDC7JH>C:HH6C9>C9>K>9J6A68I>K>I>:H >C8AJ9>C<8ADHJG:HDGA>B>I6I>DCHDCI=:DE:G6I>DCHD;7JH>C:HH:H6ADCI= G:HIG>8I>DCHDCA6G<:<6I=:G>CDCHIDEGDBDI:DG:C;DG8:E=NH>86A9>HI6C8>C< :HE>I:I=:H:G:HIG>8I>DCH L:=6K:8DCI>CJ:9ID9:A>K:GDJGH:GK>8:HJC>CI:GGJEI:968GDHHDJG;DDIEG>CI .=:E6C9:B>8=6HH>;>86CIAN>BE68I:9=DLDJG 8JHIDB:GHJH:DJGEGD9J8IH6C9H:GK>8:H =DLI=:N>CI:G68IL>I=JH 6C9=DLDJG:BEADN::HLDG@6C9EGDK>9:H:GK>8:HIDDJG 8JHIDB:GH .=:>BE68IHD;)0# =6K:H>;>86CIAN>BE68I:9DJGG:HJAIHD;DE:G6I>DCH9JG>CAA8DCI>CJ:ID7:>BE68IHI=GDJ<=

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

)JG67>A>INIDHJ88:HH;JAANDE:G6I:DJG7JH>C:HH6C99:A>K:GH:GK>8:H9JG>C8>H6G:HJAID;>CK:HIB:CIH L:=6K:B69:>CDJGC:ILDG@ DJG:BEADN::H6C9DJGHNHI:BH )JGDE:G6I>C<6C9>CK:HIB:CIHIG6I:C 6C9688:A:G6I:DJG8JHIDB:G6C9;>C6C8>6AC8

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

7JH>C:HH I=: :;;:8IH ID DJG :BEADN::HX =:6AI= 6C9 H6;:IN 6C9 G:HJAI>C< G:DG>:CI6I>DC D; DJG LDG@ 68I>K>I>:H 6C9 I=: G>H@ D; A>B>I6I>DCHDCI=:9:EADNB:CI6C9B6>CI:C6C8:D;DJGH:GK>8:H>C8AJ9>C<7NA>B>I>CI:H:GK>8: G:E6>GH6C9>CHI6AA6I>DCH

AI=DJ<= I=: JAI>B6I: >BE68I D; I=: )0# E6C9:B>8 86CCDI 7: EG:9>8I:9 L: G:B6>C ;D8JH:9 DC 9G>K>C< 8JHIDB:G G:A6I>DCH=>E C< HJE:G>DG EGD9J8IH 6C9 H:GK>8:H E68@6<:9 L>I= 6IIG68I>K: EG>8>C< JGI=:G L: :ME:8I ID 8DCI>CJ:ID9G>K:8JHIDB:GG:A6I>DCH=>E8:H6C9>BEGDK>C<8JHIDB:GG:I:CI>DC9:HE>I:I=: :ME:8I6I>DC;DG8DCI>CJ:9ADHH:HD;K>9:D6C9L>G:A>C:KD>8:8JHIDB:GH

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

1:7:A>:K:-E:8IGJB 7G6C9:9BD7>A:H:GK>8:HL>AA9G>K:=><=:GH6A:HD;DJG8DG:EGD9J8IH 8G:6I:ADC<:G8JHIDB:GA>K:H6C9 >C8G:6H:EGD;>I67>A>IN6C986H=;ADLDK:GI>B: H6G:HJAID;6I:9L>I=DJGC:LBD7>A:EGD9J8IA>C: L: 86CCDI7:8:GI6>CI=6IL:L>AA7:67A:IDCI6>CDJGB6G<>CH6IG:8:CI=>HIDG>86AG6I:H JG>CA:EGD9J8IA>C:>C8G:6H:9G:K:CJ:H7N 7>AA>DC6C9B>AA>DC G:HE:8I>K:AN G:9J8:9 9?JHI:9 #. 7N 6EEGDM>B6I:AN B>AA>DC 6C9 B>AA>DC G:HE:8I>K:AN 6C9 G:9J8:9 ;G:: 86H= ;ADL 7N 6EEGDM>B6I:AN 7>AA>DC 6C9 7>AA>DC G:HE:8I>K:AN H L: 8DCI>CJ: ID A: H:GK>8:H L: :ME:8I BD7>A: 9?JHI:9 #.L>AA8DCI>CJ:ID7:C:<6I>K:I=GDJ<=DJIEG>B6G>AN6H6G:HJAID;C<6C9 DI=:G8JHIDB:G68FJ>H>I>DC8DHIH 1:6AHD:ME:8IID8DCI>CJ:IDH::C:<6I>K:;G::86H=;ADL;GDBI=:I>B>C8: G:A6I:9 86H=;ADLHL=:CL:H:AAI=:=6C9H:IDGI67A:IID8JHIDB:GHEJGHJ6CIID:FJ>EB:CI>CHI6AAB:CIEA6CH6C986E>I6A:ME:C9>IJG:H G:A6I:9IDG:I6>AHIDG:7J>A9 DJIH

1:G:6A>O:9G:K:CJ: 9?JHI:9 #.6C9>C8DB:;GDBDE:G6I>DCH9JG>CD9HEG:H:CI:96H;DAADLH>CB>AA>DCH6AA E:G8:CI6<:H6G:86A8JA6I:9JH>CCDG9>;;:G:C8:HB6N:M>HI9J:IDGDJC9>C<

-2.?@2;121202:/2? C@ ?DCH 

9?JHI:9 #.>H9:;>C:96HC:I>C8DB:6IIG>7JI67A:ID=6GI:GH=6G:=DA9:GHEAJHC:I>C8DB:6IIG>7JI67A:IDCDC8DCIGDAA>C< >CI:G:HI C:I>CI:G:HI:ME:CH: >C8DB:I6M:H 9:EG:8>6I>DC6C96BDGI>O6I>DC HID8@8DBE:CH6I>DC:ME:CH: ADHHDC:MI>CH=B:CI D; 9:7I <6>C ADHH DC ;>C6C8>6A >CHIGJB:CIH C:I DI=:G E:CH>DC 7:C:;>IH 8DHIH C:I DI=:G >C8DB: :ME:CH: C:I 6C9 DI=:G DE:G6I>C<>C8DB::ME:CH:H C:I HJ8=6HB:G<:G6C9G:HIGJ8IJG>C<8DHIH HE:8>6A8=6G<:H6C9<6>CADHHDCH6A:DGG:I>G:B:CID; 6HH:IH -::VU/H:D;9?JHI:9 #.6C9 G::6H= ADLW;DG;JGI=:G>C;DGB6I>DCDC9?JHI:9 #.6C9;G::86H= ;ADL

!GDLI=>CIDI6AG:K:CJ:L6HEG>B6G>AN9J:IDCDJGG:H>9:CI>6A#CI:GC:I6C9BD7>A:8JHIDB:GH 9?JHI:9 #.6C9 >C8DB:;GDBDE:G6I>DCHBE68I:97NCG:K:CJ:6C9>C8G:6H:H>CDE:G6I>C<8DHIH6C9:ME:CH:H EG>B6G>AN BD7>A: 8DHIHIDH:GK>8:8JHIDB:GH6C9EGDC<=IH8DCI:CI8DHIH6H6G:HJAID;6H=DGI:C:9 76H:76AAH:6HDC6C969:A6N:9HI6GIIDI=: 76H@:I76AAH:6HDC #C8DB:;GDBDE:G6I>DCHL6H6AHD6;;:8I:97N69:8G:6H: >C9:EG:8>6I>DC6C96BDGI>O6I>DC:ME:CH:

EEGDM>B6I:AN D; DJG G:K:CJ:H ;DG :68= D; I=: N:6GH :C9:9 :8:B7:G 6C9 6G: 6IIG>7JI67A: ID BDCI=AN HJ7H8G>EI>DC;::H8=6G<:9ID8JHIDB:GH;DGDJG#CI:GC:I K>9:D KD>8: BD7>A:6C98DBB:G8>6AH:GK>8:H6HL:AA6HG:<>DC6AHEDGIH 6C9C:LH8=6CC:AH !:C:G6AAN I=:H:8JHIDB:GHJ7H8G>EI>DCHB6N7:9>H8DCI>CJ:97NI=:8JHIDB:G6I6CNI>B:HJ7?:8IID6;:: ;DG8:GI6>C8DBB:G8>6A8JHIDB:GH .=:G:B6>C>C<D;G:K:CJ:>H9:G>K:9EG>B6G>AN;GDB69K:GI>H>CH:6C9 DI=:GG:8=6G:8DAA:8I:97NJH7JII=:CE6>9IDAD86A6JI=DG>I>:H H6A:HD;BD7>A:6C9K>9:D9:K>8:H

 EGD8:HH>C<;::HDGG:8DCC:8I>DC;::H8=6G<:9ID8JHIDB:GHID8DBB:C8:DGG:>CHI6I:H:GK>8: >CHI6AA6I>DC 0)6C9E6N E:G K>:LEGDC< 6C98DBB>HH>DCHG:A6I:9IDI=:H6A:D;B:G8=6C9>H:7N=DB:H=DEE>C8:H

?6A60.900

:GI6>C D; DJG 688DJCI>C< EDA>8>:H G:FJ>G: DJG B6C6<:B:CI ID B6@: 9>;;>8JAI HJ7?:8I>K: 6C9DG 8DBEA:M ?J9H8JHH:9I=:H:EDA>8>:HL>I=I=:J9>IDBB>II::D;=6GI:GXH7D6G9D;9>G:8IDGH 6C9I=:J9>IDBB>II:: =6H G:K>:L:9 I=: ;DAADL>C< 9>H8ADHJG: 1: 8DCH>9:G I=: ;DAADL>C< EDA>8>:H ID 7: I=: BDHI 8G>I>86A >C JC9:GHI6C9>C< I=: :HI>B6I:H 6HHJBEI>DCH6C9?J9CKDAK:9>CEG:E6G>CC6C8>6AHI6I:B:CIH 6C9I=:JC8:GI6>CI>:HI=6I8DJA9 6;;:8IDJGG:HJAIHD;DE:G6I>DCH ;>C6C8>6A8DC9>I>DC6C986H=;ADLH

R 6E>I6A>O6I>DCD;A67DG6C9DK:G=:698DHIH R 06AJ6I>DC6C9>BE6>GB:CID;;G6C8=>H:H6C9AA R #C8DB:I6M:H R :;>C:97:C:;>IE:CH>DCEA6CH

+:3>+63D+>398906+,9<+8.9@/<2/+.-9=>=

DHIH6HHD8>6I:9L>I=C:ILDG@8DCHIGJ8I>DCDGJEC<6C9I=:EA68:B:CID; DJIA:IHL>I=>C69L:AA>C<6ADCI=I=:8DHIH6HHD8>6I:9L>I=I=:9:EADNB:CID;C:L8JHIDB:GEG:B>H::FJ>EB:CIC:8:HH6GNID EGDK>9:#CI:GC:I K>9:DDGKD>8:H:GK>8:H 6G:86E>I6A>O:9 DHIH86E>I6A>O:9>C8AJ9:B6I:G>6AH 9>G:8IA67DG6C98:GI6>C>C9>G:8I 8DHIH .=:H:>C9>G:8I8DHIH6G:6HHD8>6I:9L>I=I=:68I>K>I>:HD;E:GHDCC:AL=D6HH>HI>C>CHI6AA6I>DC68I>K>I>:H 6C98DCH>HID; 8DBE:CH6I>DC 6C9 DK:G=:69 8DHIH 6HHD8>6I:9 L>I= I=:H: HJEEDGI ;JC8I>DCH 1=>A: DJG 86E>I6A>O6I>DC >H 76H:9 DC HE:8>;>8 68I>K>I>:H DC8:86E>I6A>O:9 L:IG68@I=:H:8DHIHDC68DBEDH>I:76H>H7N;>M:96HH:I86I:;>8 6HH:I 76H>H DG 6HH:IH I=6I 6G: HDA9 DG G:I>G:9 L: G:BDK: I=: :HI>B6I:9 6EEA>867A: 8DHI 6C9 688JBJA6I:9 9:EG:8>6I>DC .=:8DHIHD;9>H8DCC:8I>C8:6C9G:BDK>C<8JHIDB:GEG:B>H::FJ>EB:CI;GDB69L:AA>C<6C9I=:8DHIHID G:8DCC:8I68JHIDB:G9GDEDGIDG:9:EADNEG:K>DJHAN>CHI6AA:98JHIDB:GEG:B>H::FJ>EB:CI6G:8=6G<:9IDDE:G6I>C<:ME:CH:6H >C8JGG:9 DHIH ;DG G:E6>GH 6C9 B6>CI:C6C8: 6G: 8=6G<:9 ID DE:G6I>C< :ME:CH: 6H >C8JGG:9 L=>A: EA6CI 6C9 :FJ>EB:CI G:EA68:B:CI >C8AJ9>C< G:EA68:B:CI D; 8:GI6>C 8DBEDC:CIH 7:II:GB:CIH 6C9 G:EA68:B:CI D; 867A: 9GDEH 6C9 DJIA:IH 6G: 86E>I6A>O:9

1:B6@:?J9CCHI6AA6I>DC6C98DCHIGJ8I>DC68I>K>I>:HID7:86E>I6A>O:9 1:86E>I6A>O:99>G:8IA67DG6C9 DK:G=:69D; 7>AA>DC;DG:68=D;I=:N:6GH:C9:9:8:B7:G 6C9 1:86E>I6A>O:9>G:8IA67DG6C9DK:G=:69 JH>C< HI6C96G9H 9:K:ADE:9 ;GDB 68IJ6A 8DHIH 6C9 6EEA>867A: DE:G6I>DC6A 96I6 1: 86A8JA6I: HI6C96G9H 6CCJ6AAN DG BDG: ;G:FJ:CIAN>;8>G8JBHI6C8:H9>8I6I:;DG>I:BHHJ8=6HI=:A67DGG6I:H DK:G=:69G6I:H 6C9I=:68IJ6A6BDJCID;I>B:G:FJ>G:9ID E:G;DGB 6 86E>I6A>O67A: 68I>K>IN DG :M6BEA: I=: HI6C96G9 6BDJCIH D; I>B: G:FJ>G:9 ID E:G;DGB 86E>I6A>O67A: 68I>K>I>:H 6G: 76H:9DCHIJ9>:HD;I=:I>B:G:FJ>G:9IDE:G;DGBHJ8=68I>K>I>:H )K:G=:69G6I:H6G::HI67A>H=:976H:9DC6C6C6ANH>HD;I=: C6IJG: D; 8DHIH >C8JGG:9 >C HJEEDGI D; 86E>I6A>O67A: 68I>K>I>:H 6C9 6 9:I:GB>C6I>DC D; I=: EDGI>DC D; 8DHIH I=6I >H 9>G:8IAN 6IIG>7JI67A:ID86E>I6A>O67A:68I>K>I>:H .=:>BE68ID;8=6C<:HI=6IG:HJAI:9;GDBI=:H:HIJ9>:HL:G:CDIB6I:G>6A>CI=:E:G>D9H EG:H:CI:9

&67DG 8DHIH 9>G:8IAN 6HHD8>6I:9 L>I= 86E>I6A EGD?:8IH 6G: 86E>I6A>O:9 6E>I6A>O67A: 68I>K>I>:H E:G;DGB:9 >C 8DCC:8I>DC L>I= >CHI6AA6I>DCH>C8AJ9:HJ8=68I>K>I>:H6H

R 9>HE6I8=>C<6VIGJ8@GDAAWIDI=:8JHIDB:GXH9L:AA>CC:HH;DGH:GK>8:8DCC:8I>DCDGEA68:B:CID;C:L:FJ>EB:CI R 8DHIHIDE68@6<:6C9H=>EC:L:FJ>EB:CIID68JHIDB:GH=DB:;DGH:A; >CHI6AA6I>DC R K:G>;>86I>DCD;H:GK>8:67>A>INIDI=:8JHIDB:GXH9L:AA>CC:HH> : 9:I:GB>C>CC<>H 86E67A:D;G:8:>K>C8:7NDJG867A:C:ILDG@ R 8JHIDB:G EG:B>H: 68I>K>I>:H E:G;DGB:9 7N >C =DJH: ;>:A9 I:8=C>8>6CH 6C9 I=>G9 E6GIN 8DCIG68IDGH >C 8DCC:8I>DC L>I= I=: >CHI6AA6I>DC G:EA68:B:CI6C97:II:GB:CID;:FJ>EB:CI6C9B6I:G>6AHID:C67A:#CI:GC:I K>9:DDGKD>8:H:GK>8:H6C9 R K:G>;N>CCI:IND;I=:8JHIDB:GXHC:ILDG@8DCC:8I>DC7N>C>I>6I>CH::FJ>EB:CI 6HL:AA6HI:HI>CA>INEDA:DGE:9:HI6A

$J9H G:FJ>G:9 ID 9:I:GB>C: I=: :MI:CI ID L=>8= DK:G=:69 8DHIH >C8JGG:9 G:HJAI ;GDB HE:8>;>8 86E>I6A 68I>K>I>:H 6C9 I=:G:;DG:H=DJA97:86E>I6A>O:9 .=:EG>B6GN8DHIHI=6I6G:>C8AJ9:9>CI=:9:I:GB>C6I>DCD;I=:DK:G=:69G6I:6G:>:BEADN:: 7:C:;>IH 6C9 E6NGDAA I6M:H 6HHD8>6I:9 L>I= 86E>I6A>O:9 9>G:8I A67DG >> 9>G:8I K6G>67A: 8DHIH 6HHD8>6I:9 L>I= 86E>I6A>O67A: 68I>K>I>:H >>>I=:8DHID;HJEEDGIE:GHDCC:A HJ8=6H86G:E:GHDCC:A6C99>HE6I8=:GH L=D6HH>HIL>I=86E>I6A>O67A:>CHI6AA6I>DC 68I>K>I>:H 6C9>K>C9>G:8I8DHIH9>G:8IAN6IIG>7JI67A:ID86E>I6A>O67A:68I>K>I>:H

1=>A: L: 7:A>:K: DJG :M>HI>C< 86E>I6A>O6I>DC EDA>8>:H 6G: 6EEGDEG>6I: 6 H>;>86CI 8=6C<: >C I=: C6IJG: DG :MI:CI D; DJG DE:G6I>C8:H8DJA96;;:8IB6C6<:B:CIXH?J98=L:H=DJA986E>I6A>O:9>G:8IA67DGDGDK:G=:69 >CI=:;JIJG: 1:BDC>IDGI=:6EEGDEG>6I:C:HHD;DJG86E>I6A>O6I>DCEDA>8>:H 6C9E:G;DGBJE96I:HIDDJG>CI:GC6AHIJ9>:HDC6C DCC<76H>HID9:I:GB>C:L=:I=:G;68IHDG8>G8JBHI6C8:HL6GG6CI68=6C<:IDDJG86E>I6A>O6I>DCEDA>8>:H

'+6?+>398+8.37:+3<7/8>900<+8-23=/=

.=:C:I86GGN>CH:H6HD;7DI=:8:B7:G 6C9L6H6EEGDM>B6I:AN 7>AA>DCG:EG:H:CI>C< 6C9D;IDI6A6HH:IH G:HE:8I>K:AN G6C8=>H:6HH:IH6G:6<CID:HH:CI>6AAN>CH:E6G67A:JC>IHD;688DJCI>CDCH .=:JC>IHD;688DJCI>C<<:C:G6AANG:EG:H:CI<:D86A8AJHI:G>CCIDC;DGB6I>DC 6C9 6 8DBEA:I: 9>H8JHH>DC D; =DL L: K6AJ: 6C9 I:HI ;G6C8=>H: 6HH:IH ;DG >BE6>GB:CI H:: (DI: ID I=: 688DBE6CN>C<8DCHDA>96I:9;>C6C8>6AHI6I:B:CIH8DCI6>C:9>CV*6GI## #I:B >C6C8>6A-I6I:B:CIH6C9-JEEA:B:CI6GN6I6 W 1:E:G;DGB6C>BE6>GB:CI6HH:HHB:CID;;G6C8=>H:6HH:IH6CCJ6AANDGBDG:;G:FJ:CIAN6HL6GG6CI:97N:K:CIHDG8=6C<:H>C 8>G8JBHI6C8:H 1:E:G;DGB:96FJ6A>I6I>K:6HH:HHB:CI>C )JG6HH:HHB:CI>C8AJ9:98DCH>9:G6I>DCD;6BJAI>IJ9:D;;68IDGH I=6I 6;;:8I I=: ;6>G K6AJ: D; DJG ;G6C8=>H: 6HH:IH M6BEA:H D; HJ8= ;68IDGH >C8AJ9: :CK>GDCB:CI6A 6C9 8DBE:I>I>K: 8=6C<:H L>I=>CDJGDE:G6I>C<;DDIEG>CI 68IJ6A6C9EGD?:8I:9DE:G6I>CHI:C8ND;DJGDE:G6I>CCH :FJ>IN6C9 9:7I B6G@:I IG:C9H >C8AJ9>C< 8=6C<:H >C DJG B6G@:I 86E>I6A>O6I>DC 6C9 8=6C<:H >C DJG G:I>86A A6C9H86E: 6BDCIL6HBDG:A>@:ANI=6CCDII=6II=::HI>B6I:9;6>GK6AJ:HD; DJG;G6C8=>H:6HH:IH:FJ6AHDG:M8::9HI=:>G86GGN>CI6I>K:>BE6>GB:CII:HI>HCDIG:FJ>G:9

'+6?+>398+8.37:+3<7/8>90199.A366

.=:C:I86GGN>CAA6HD;7DI=:8:B7:G 6C9L6H6EEGDM>B6I:AN 7>AA>DCG:EG:H:CI>C< D;IDI6A6HH:IH 1:=6K:9:I:GB>C:9I=6IL:=6K:DC:G:EDGI>CI;DGEJGEDH:HD;I=:6HH:HHB:CID;AA>BE6>GB:CI DGBDG:>C;DGB6I>DC6C968DBEA:I:9>H8JHH>DCDC=DLL:I:HIAA;DG>BE6>GB:CI H::(DI:IDI=:688DBE6CN>C< 8DCHDA>96I:9;>C6C8>6AHI6I:B:CIH8DCI6>C:9>CV*6GI## #I:B >C6C8>6A-I6I:B:CIH6C9-JEEA:B:CI6GN6I6 W1:E:G;DGB DJG>BE6>GB:CI6HH:HHB:CID;AA6CCJ6AAN6HD;(DK:B7:G HL>I=DJG;G6C8=>H:>BE6>GB:CII:HI>C< L::A:8I:9ID E:G;DGB 6 FJ6A>I6I>K: 6HH:HHB:CI D; AA >C !>K:C I=: 8DBEA:I>DC D; I=: 6HH:HHB:CI 6C9 67H:C8: D; H>;>86CI 69K:GH:8=6C<:H>C;68IDGH>BE68I>CGK6AJ::HI>B6I:H L:8DC8AJ9:9I=6I>I>HBDG:A>@:ANI=6CCDII=6IDJGAA>H CDI>BE6>G:9

8-97/>+B/=

HD;:8:B7:G =6GI:G=696EEGDM>B6I:AN 7>AA>DCD;;:9:G6AI6MC:IDE:G6I>CC<>C6 B6I:AN 7>AA>DC .=:H:ADHH:HG:HJAI:9;GDBI=:DE:G6I>DCHD;=6GI:G"DA98D6C9>IH HJ7H>9>6G>:H 6C9 ;GDB ADHH 86GGN;DGL6G9H G:8:>K:9 6H 6 G:HJAI D; I=: B:G<:G L>I= .1 :9:G6A I6M C:I DE:G6I>C< ADHH 86GGN;DGL6G9H:ME>G:>CI=:N:6GHI=GDJ<= #C699>I>DC 6HD;:8:B7:G =6GI:G=69HI6I:I6MC:IDE:G6I>C< ADHH86GGN;DGL6G9H G:HJAI>C<>C6ID;6EEGDM>B6I:ANB>AA>DC -I6I:I6M C:IDE:G6I>CG:>CI=:N:6GHI=GDJ<= -J8=I6MADHH86GGN;DGL6G9H86C688JBJA6I: 6C97:JH:9IDD;;H:I=6GI:GXH;JIJG:I6M67A:>C8DB: ;I:G:8:B7:G B>AA>DCD;=6GI:GH;:9:G6AI6MADHH 86GGN;DGL6G9H 6G: HJ7?:8I ID -:8I>DC 6C9 DI=:G G:HIG>8I>DCH *JGHJ6CI ID I=:H: G:HIG>8I>DCH =6GI:G :HI>B6I:H I=6I 6EEGDM>B6I:AN B>AA>DC 6CCJ6AAN DK:G :68= D; I=: C:MI I=G:: N:6GH D; ;:9:G6A I6M ADHH 86GGN;DGL6G9H H=DJA9 7:8DB: JCG:HIG>8I:96C96K6>A67A:;DG=6GI:GXHJH: =6GI:GXHHI6I:I6MADHH86GGN;DGL6G9H6G:HJ7?:8IIDH>B>A6G7JIK6GN>C8I>DCH

#C6HH:HH>CO67>A>IND;9:;:GG:9I6M6HH:IH B6C6<:B:CI8DCH>9:GHL=:I=:G>I>HBDG:A>@:ANI=6CCDII=6IHDB:EDGI>DC DG 6AA D; I=: 9:;:GG:9 I6M 6HH:IH L>AA 7: G:6A>O:9 #C :K6AJ6I>C< I=: C::9 ;DG 6 K6AJ6I>DC 6AADL6C8: B6C6<:B:CI I6@:H >CID 688DJCIK6G>DJH;68IDGH >C8AJ9>CC8DB: 6K6>A67A:I6MEA6CC>C:H6C9G:K:GH6AHD; :M>HI>C;;:G:C8:H EEGDM>B6I:ANB>AA>DCD;K6AJ6I>DC6AADL6C8:6HHD8>6I:9L>I=;:9:G6A86E>I6AADHH 86GGN;DGL6G9H 6C9 6EEGDM>B6I:AN B>AA>DC D; K6AJ6I>DC 6AADL6C8: 6HHD8>6I:9 L>I= HI6I: I6M ADHH 86GGN;DGL6G9H 6C9 DI=:G B>H8:AA6C:DJH9:;:GG:9I6M6HH:IHG:B6>CHDCI=::8:B7:G 8DCHDA>96I:976A6C8:H=::I

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

G:6A>O:9L=:CI=:EDH>I>DC>HJAI>B6I:ANG:HDAK:9 .=:G:>H8DCH>9:G67A:?J9CKDAK:9>C9:I:GB>C>CI>DCH I6@:CDCI=:I6MG:IJGC6G:VBDG:A>@:ANI=6CCDIWD;7:>CC:9 1:69?JHIDJGJC8:GI6>CI6MG:H:GK::HI>B6I:HE:G>D9>86AAN 7:86JH: D; DCC< :M6B>C6I>DCH 7N 6C9 H:IIA:B:CIH L>I= I=: K6G>DJH I6M>C< 6JI=DG>I>:H 6H L:AA 6H 8=6C<:H >C I6M A6LH G:DCH6C9>CI:GEG:I6I>DCH

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

/038/.,/8/03>:/8=398:6+8=

1:HEDCHDGFJ6A>;>:96C9JCFJ6A>;>:99:;>C:97:C:;>IE:CH>DCEA6CHI=6IEGDK>9:E:CH>DC7:C:;>IHID6B6?DG>IND;:BEADN::H L=DL:G::BEADN:97N.17:;DG:I=:B:G<:GL>I=.1 HD;:8:B7:G I=:688JBJA6I:97:C:;>ID7A><6I>DC6C9 ;6>GK6AJ:D;EA6C6HH:IHL6H 7>AA>DC6C9 7>AA>DC G:HE:8I>K:AN 6C9I=:C:IJC9:G;JC9:9A>67>A>INL6HG:8DG9:96H6 B>AA>DC CDC8JGG:CI 6HH:I B>AA>DC 8JGG:CI A>67>A>IN 6C9 B>AA>DC ADC< I:GB A>67>A>IN H D; :8:B7:G I=: 688JBJA6I:9 7:C:;>I D7A><6I>DC 6C9 ;6>G K6AJ: D; EA6C 6HH:IH L6H 7>AA>DC 6C9 7>AA>DC G:HE:8I>K:AN 6C9 I=: C:I JC9:G;JC9:9A>67>A>INL6HG:8DG9:96H6B>AA>DCCDC8JGG:CI6HH:I B>AA>DC8JGG:CIA>67>A>IN6C9B>AA>DCADC< I:GB A>67>A>IN

*:CH>DC7:C:;>IH6G:76H:9DC;DGBJA6HI=6IG:;A:8II=::BEADN::HXN:6GHD;H:GK>8:6C98DBE:CH6I>DC9JG>CG:BEADNB:CI E:G>D9 8IJ6G>6A <6>CH DG ADHH:H 6G: 8=6C<:H >C I=: 6BDJCI D; :>I=:G I=: 7:C:;>I D7A><6I>DC DG I=: ;6>G K6AJ: D; EA6C 6HH:IH G:HJAI>C<;GDB:ME:G>:C8:9>;;:G:CI;GDBI=6I6HHJB:9DG;GDB8=6C<:H>C6HHJBEI>DCH 1:=6K::A:8I:9ID;DAADL6B6G@ ID B6G@:IE:CH>DC688DJCI>C8N;DGG:8DG9>C6A<6>CHDGADHH:H6CCJ6AAN9JG>C:G>;6 G:B:6HJG:B:CI:K:CID88JGH9JG>C<6C>CI:G>BE:G>D9 1:JH:6:8:B7:GB:6HJG:B:CI96I:;DGDJGE:CH>DCEA6CH

1:G:8DO:9C:IE:G>D9>8E:CH>DC8DHIHD;B>AA>DC6C9B>AA>DC>C6C9 G:HE:8I>K:AN (:IE:G>D9>8E:CH>DC 7:C:;>I DG :ME:CH: >H 9:I:GB>C:9 JH>C< 8:GI6>C 6HHJBEI>DCH >C8AJ9>C< I=: :ME:8I:9 ADC< I:GB G6I: D; G:IJGC DC EA6C 6HH:IH 9>H8DJCIG6I:6C9BDGI6A>IN6HHJBEI>DCH 1:9:I:GB>C:9I=:9>H8DJCIG6I:JH:9ID8DBEJI:E:CH>DC:ME:CH:76H:9DCI=:N>:A9 D;6A6G<:EDEJA6I>DCD;=><= FJ6A>IN8DGEDG6I:7DC9HL>I=86H=;ADLHHJ;;>8>:CI>CI>B>C<6C96BDJCIIDH:IIA:EGD?:8I:9;JIJG: 9:;>C:9 7:C:;>I E6NB:CIH #C 9:K:ADE>C< I=: :ME:8I:9 ADC< I:GBG6I: D; G:IJGC DC 6HH:IH L: 8DCH>9:G:9 I=: 8JGG:CI E:CH>DC EDGI;DA>DXH8DBEDH>I>DC E6HI6K:G6<:G6I:D;:6GC>CDCI6G<:IH 1:JH:969>H8DJCIG6I:D; ID 9:I:GB>C:I=::8:B7:G E:CH>DCEA6C7:C:;>ID7A><6I>DC 9:8G:6H:>CI=:9>H8DJCIG6I:D;76H>HED>CIHLDJA9 G:HJAI >C 6 B>AA>DC >C8G:6H: >C DJG E:CH>DC EA6C 7:C:;>I D7A><6I>DC 6H D; :8:B7:G 6C9 C:I E:G>D9>8 E:CH>DC :ME:CH:G:8DO:9>CJC9:GDJGB6G@ ID B6G@:I688DJCI>C8N .=::ME:8I:9ADC< I:GBG6I:D;G:IJGCDCEA6C6HH:IH JH:9ID9:I:GB>C:C:IE:G>D9>8E:CH>DC7:C:;>I;DGI=:N:6G:C9:9:8:B7:G >H:ME:8I:9ID7: 9:8G:6H:>C I=::ME:8I:9ADC< I:GBG6I:D;G:IJGCD;76H>HED>CIHID L=>A:=DA9>C<6AADI=:G6HHJBEI>DCH8DCHI6CI LDJA9G:HJAI>C 6C >C8G:6H: >C DJG C:I E:G>D9>8 E:CH>DC :ME:CH: D; 6EEGDM>B6I:AN B>AA>DC -:: (DI: ID I=: 688DBE6CN>C< 8DCHDA>96I:9;>C6C8>6AHI6I:B:CIH8DCI6>C:9>CV*6GI## #I:B >C6C8>6A-I6I:B:CIH6C9-JEEA:B:CI6GN6I6W;DG699>I>DC6A 9>H8JHH>DCDCI=:H:6HHJBEI>DCH

 &2@B9A@<3#=2?.A6<;@

9>H8JHH>DCD;8=6C<:H>CDJGG:HJAIHD;DE:G6I>DCH9JG>CII:9;GDBI=>HCCJ6A,:EDGIDC DGB % 7JIB6N7:;DJC9>CV#I:B '6C6<:B:CIXH >H8JHH>DC6C9C6ANH>HD; >C6C8>6ADC9>I>DC6C9,:HJAIHD;)E:G6I>DCHW>CDJGCCJ6A,:EDGIDC DGB %;DGI=:N:6G :C9:9:8:B7:G ;>A:9L>I=I=:- DC$6CJ6GN L=>8=>H6K6>A67A:;G::D;8=6G<:DCI=:- HL:7H>I:6I LLL H:8 CK:HIDGG:A6I>DCHL:7H>I:6I>G 8=6GI:G 8DB

.=:;DAADL>C96I:9HI6I:B:CIHD;DE:G6I>DCH;DGI=:E:G>D9HEG:H:CI:99DAA6GH>CB>AA>DCH :M8:EIE:G H=6G:96I6

-2.?;121202:/2? ,:K:CJ:H DHIH6C9 ME:CH:H )E:G6I>C<8DHIH6C9:ME:CH:H:M8AJH>K:D;>I:BHH=DLCH:E6G6I:AN7:ADL :EG:8>6I>DC6C96BDGI>O6I>DC )I=:GDE:G6I>C<:ME:CH:H C:I #C8DB:;GDBDE:G6I>DCH )I=:G#C8DB: ME:CH:H #CI:G:HI:ME:CH: C:I &DHHDC:MI>CH=B:CID;9:7I &DHHDC;>C6C8>6A>CHIGJB:CIH C:I )I=:GE:CH>DC8DHIH C:I )I=:G:ME:CH: C:I #C8DB:7:;DG:>C8DB:I6M:H #C8DB:I6M:ME:CH: DCHDA>96I:9C:I>C8DB: &:HH(:I>C8DB:6IIG>7JI67A:IDCDC8DCIGDAA>C<>CI:G:HIH (:I>C8DB:6IIG>7JI67A:ID=6GI:GH=6G:=DA9:GH ,(#(!-* ,)'')(-", ..,#/.& .)",. , -", ")& ,- 6H>8 >AJI:9 1:><=I:96K:G6<:8DBBDCH=6G:HDJIHI6C9>C< 76H>8 1:><=I:96K:G6<:8DBBDCH=6G:HDJIHI6C9>C< 9>AJI:9

#/@/8?/=.DI6AG:K:CJ:HAA>DCDG 9JG>CB6G>AN 9J:ID>C8G:6H:H>CI=:CJB7:GD;G:H>9:CI>6A#CI:GC:I6C9BD7>A:8JHIDB:GH EG>8:69?JHIB:CIH6C9=><=:GEDA>I>86A69K:GI>H>C< H6A:HD;;H:I7NADL:GAD86A69K:GI>H>CAA>DCD;:HI>B6I:98JHIDB:G8G:9>IHID7: >HHJ:9IDDJGK>9:D8JHIDB:GH9J:ID86C8:A:9HEDGI>C<:K:CIH6C9B>AA>DCD;L6>K:9G:8:>K67A:HG:A6I:9IDI=:%6C9 8:GI6>CHI6I: B6C96I:9EGD

 ,:K:CJ:H7NH:GK>8:D;;:G>CCB>AA>DCH6AAE:G8:CI6<:H6G:86A8JA6I:9JH>CCDG 9>;;:G:C8:HB6N:M>HI9J:IDGDJC9>C<

-2.?@2;121202:/2? ?9:D 0D>8: ,:H>9:CI>6AG:K:CJ: 

-B6AA6C9B:9>JB7JH>C:HH CI:GEG>H: DBB:G8>6AG:K:CJ: 

9K:GI>H>CA: )I=:G .=:>C8G:6H:>C#CI:GC:IG:K:CJ:H;GDBDJGG:H>9:CI>6A8JHIDB:GHL6H6IIG>7JI67A:IDI=:;DAADL>C<9DAA6GH>CB>AA>DCH

0<:=.?21 A< #C8G:6H:>C6K:G6<:G:H>9:CI>6A#CI:GC:I8JHIDB:GH #C8G:6H:G:A6I:9IDG6I: EGD9J8IB>M6C96AAD86I>DC8=6C<:H 

,:H>9:CI>6A#CI:GC:I8JHIDB:GHC8DBE6G:9ID .=:>C8G:6H:G:A6I:9IDG6I: EGD9J8IB>M6C9 6AAD86I>DC 8=6C<:H L6H EG>B6G>AN 9J: ID EG>8: 69?JHIB:CIH >C8AJ9>C< EGDBDI>DC6A GDAA D;; D;;H:I 7N 6 B>AA>DC G:9J8I>DC G:A6I:9IDI=:%6C98:GI6>CHI6I: B6C96I:9EGDIH

0>9:DG:K:CJ:H8DCH>HIEG>B6G>AND;G:K:CJ:H;GDB76H>86C99><>I6AK>9:DH:GK>8:HEGDK>9:9IDDJGG:H>9:CI>6A8JHIDB:GH 6H L:AA6H;G6C8=>H:;::H :FJ>EB:CIH:GK>8:;::H6C9K>9:D>CHI6AA6I>DCG:K:CJ: .=:9:8G:6H:>CK>9:DG:K:CJ:HL6H6IIG>7JI67A: IDI=:;DAADL>C<9DAA6GH>CB>AA>DCH

0<:=.?21 A< HI>B6I:98JHIDB:G8G:9>IH9J:ID)0# :8G:6H:>C6K:G6<:G:H>9:CI>6AK>9:D8JHIDB:GH :8G:6H:>CK>9:DDC9:B6C96C9E6N E:G K>:L #C8G:6H:G:A6I:9IDG6I: EGD9J8IB>M6C96AAD86I>DC8=6C<:H

1: G:8DG9:9 B>AA>DC D; :HI>B6I:9 8JHIDB:G 8G:9>IH G:A6I:9 ID 86C8:A:9 HEDGI>C< :K:CIH 9JG>C< I=: N:6G :C9:9 :8:B7:G 6C9B>AA>DCD;8JHIDB:G8G:9>IHG:A6I:9ID%6C98:GI6>CHI6I: B6C96I:9EGDC8G:6H: G:A6I:9 ID G6I: EGD9J8I B>M 6C9 6AAD86I>DC 8=6C<:H L6H EG>B6G>AN 9J: ID EG>8: 69?JHIB:CIH >C8AJ9>C< 6CCJ6A >C8G:6H:H 6C9 EGDBDI>DC6AGDAA D;; E6GIAND;;H:I7N6=><=:GB>MD;ADL:G8DHIK>9:DE68@6<:HL>I=>CDJGK>9:D8JHIDB:G76H: ,:H>9:CI>6A K>9:D8JHIDB:GH>C8G:6H:97N >C8DBE6G:9ID

 .=:9:8G:6H:>CKD>8:G:K:CJ:H;GDBDJGG:H>9:CI>6A8JHIDB:GHL6H6IIG>7JI67A:IDI=:;DAADL>C<9DAA6GH>CB>AA>DCH

0<:=.?21 A< :8G:6H:>C6K:G6<:G:H>9:CI>6AKD>8:8JHIDB:GH :8G:6H:G:A6I:9IDG6I: EGD9J8IB>M6C96AAD86I>DC8=6C<:H 

,:H>9:CI>6AL>G:A>C:KD>8:8JHIDB:GH9:8G:6H:97N >C8DBE6G:9ID .=:9:8G:6H:G:A6I:9IDG6I: EGD9J8I B>M6C96AAD86I>DC8=6C<:HL6HEG>B6G>AN9J:IDK6AJ: 76H:9EG>8>C<6C96B>AA>DCG:9J8I>DCG:A6I:9IDI=:%6C98:GI6>C HI6I: B6C96I:9EGDIH

.=:>C8G:6H:>C-'8DBB:G8>6AG:K:CJ:HL6H6IIG>7JI67A:IDI=:;DAADL>C<9DAA6GH>CB>AA>DCH

0<:=.?21 A< #C8G:6H:>C-'8JHIDB:GH :8G:6H:G:A6I:9IDG6I:6C9EGD9J8IB>M8=6C<:H 

-'8JHIDB:GH>C8G:6H:97N >C8DBE6G:9ID .=:9:8G:6H:G:A6I:9IDG6I:6C9EGD9J8IB>M8=6C<:H9JG>C< I=:N:6G:C9:9:8:B7:G 6H8DBE6G:9ID>C8AJ9:9G:9J8I>DCHD;B>AA>DCG:A6I:9ID)0# EGD

CI:GEG>H:G:K:CJ:H9:8G:6H:9B>AA>DC9JG>CCD9 >CEG>B6G>AN9J:IDI=:H6A:D;CDC HIG6I:<>86HH:IH>CI=:I=>G9FJ6GI:GD;6C96G:9J8I>DCD;B>AA>DCG:A6I:9IDI=: )0# CI:GEG>H:=DHE>I6A>INH:6HDC6AEGDH:*-/H>C8G:6H:97N >C8DBE6G:9ID

9K:GI>H>C< H6A:H G:K:CJ:H 8DCH>HI EG>B6G>AN D; G:K:CJ:H ;GDB 8DBB:G8>6A 69K:GI>H>C< 8JHIDB:GH EGDH>CDC6AHEDGIH6C9C:LH8=6CC:AH 9K:GI>H>CC8G:6H:9 B>AA>DC9JG>CCD9>CEG>B6G>AN9J:ID6C >C8G:6H:>CEDA>I>86AG:K:CJ: E6GI>6AAND;;H:I7N69:8G:6H:>CAD86A69K:GI>H>C

JG>CA:G:K:CJ:H>C8AJ9:96EEGDM>B6I:ANB>AA>DC6C9B>AA>DC D; 9:K>8: G:K:CJ:H G:HE:8I>K:AN 6C9 6EEGDM>B6I:AN B>AA>DC 6C9 B>AA>DC D; H:GK>8: G:K:CJ:H G:HE:8I>K:AN .=: >C8G:6H:H>CG:K:CJ:H6G:6G:HJAID;>C8G:6H:H>CI=:CJB7:GD;A>C:H;GDB 6HD;:8:B7:G ID 6HD; :8:B7:G

)I=:GG:K:CJ:H8DCH>HID;G:K:CJ:;GDBG:<>DC6AHEDGIH6C9C:LH8=6CC:AH:M8AJ9>C<>CI:G8DBE6CN8=6G<:HDG69K:GI>H>CC< A6I: E6NB:CI ;::H K>9:D 9:K>8: H6A:H L>G: B6>CI:C6C8: ;::H 6C9 DI=:G B>H8:AA6C:DJH G:K:CJ:H .=: 9:8G:6H: 9JG>C< I=: N:6G :C9:9 :8:B7:G 6H 8DBE6G:9 ID I=: 8DGG:HEDC9>C< E:G>D9 >C L6H EG>B6G>AN9J:ID69:8G:6H:>CA6I:E6NB:CI;::H6C9=DB:H:8JG>ING:K:CJ:D;;H:I7N6C>C8G:6H:>CI=:H6A:D;K>9:D9:K>8:H 6C9G:<>DC6AHEDGIH6C9C:LHG:K:CJ:

 :/<+>381-9=>=+8./B:/8=/= .=:>C8G:6H:>CDJGDE:G6I>C<8DHIH6C9:ME:CH:H :M8AJH>K:D;>I:BHH=DLCH:E6G6I:AN>CI=: 8DCHDA>96I:9HI6I:B:CIHD;DE:G6I>DCH L6H6IIG>7JI67A:IDI=:;DAADL>C<9DAA6GH>CB>AA>DCH

0<:=.?21 A< *GDC< ,:K>IN6C9EGD9J8:98DCI:CI DHIHIDH:GK>8:8JHIDB:GH '6G@:I>C< 'D7>A: )I=:G 

*GDC< 8DHIH L:G: 6EEGDM>B6I:AN 7>AA>DC 6C9 7>AA>DC G:EG:H:CI>C< 6C9 D; DE:G6I>C< 8DHIH 6C9 :ME:CH:H;DGI=:N:6GH:C9:9:8:B7:G 6C9 G:HE:8I>K:AN *GDC<8DHIH8DCH>HIEG>B6G>AND;8DHIHE6>9ID EGD8 9><>I6A EG:B>JB K>9:DDC9:B6C9 6C9E6N E:G K>:LEGDC< *GDC<8DHIH>C8G:6H:9>C 6H6G:HJAID;8DCIG68IJ6AG6I:69?JHIB:CIH >C8AJ9>CC8G:6H:H>C6BDJCIHE6>9;DGG:IG6CHB>HH>DC8DCH:CI6H L:AA6H6C>C8G:6H:>CK>9:D8JHIDB:GH .=:>C8G:6H:L6HD;;H:I7NB>AA>DCD;:HI>B6I:9G:76I:H;GDBHEDGIHEGDC< C:ILDG@H6H6G:HJAID;86C8:A:9HEDGI>C<:K:CIH9J:ID)0# 6C9;JGI=:G7:C:;>I:9;GDB6=><=:GB>MD;ADL:G8DHIK>9:D E68@6<:HL>I=>CDJGK>9:D8JHIDB:G76H: 1::ME:8IEGDCAA8DCI>CJ:ID>C8G:6H:9J:ID6K6G>:IN D;;68IDGH >C8AJ9>C<6CCJ6A>C8G:6H:H>BEDH:97NEGDI=699>I>DC6AH:AA>C66C97GD6986HI HI6I>DC 96I>DC >C8G:6H:9 9:B6C9H 7N DLC:GH D; 7GD6986HI HI6I>DCH ;DG E6NB:CI ;DG G:IG6CHB>HH>DC 8DCH:CI DG A>C@>C<86GG>6<:D;DI=:GH:GK>8:HIDG:IG6CHB>HH>DC8DCH:CI 6C9699>I>DC6AEGDC< E6GI>8JA6GANC:LH:GK>8:H 1:=6K: 7::CJC67A:ID;JAANE6HHI=:H:>C8G:6H:HDCIDDJG8JHIDB:GH6C99DCDI:ME:8IID7:67A:ID9DHD>CI=:;JIJG:L>I=DJI6 EDI:CI>6AADHHD;8JHIDB:GH

,:K>IN6C9EGD9J8:98DCI:CI9:8G:6H:9B>AA>DC9JG>CC< E:G>D9 >C EG>B6G>AN 9J: ID 9:;:GG:9 HEDGIH G><=IH 8DHIH 6HHD8>6I:9 L>I= I=: H=DGI:C:9 76H:76AA H:6HDC6C99:A6N:9HI6GIIDI=: 76H@:I76AAH:6HDC6H6G:HJAID;)0#

DHIHIDH:GK>8:8JHIDB:GH>C8G:6H:9B>AA>DC9JG>CC< E:G>D9>CEG>B6G>AN9J:ID=><=:GA67DG8DHIHG:HJAI>C<;GDB)0# G:A6I:9L6<:>C8G:6H:H6C9;A:MI>B:7:C:;>IH6ADC< L>I= 8JHIDB:G C 769 9:7I :ME:CH: <>K:C I=: G:K:CJ: LG>I: D;; 6HHD8>6I:9 L>I= I=: % EGDDCH:C=6C8:97NBJAJH7:C:;>IH

'D7>A:8DHIHD; 7>AA>DC6C9 7>AA>DC;DGI=:N:6GH:C9:9:8:B7:G 6C9 G:HE:8I>K:AN L:G:8DBEG>H:9D; BD7>A:9:K>8:8DHIH6C9BD7>A:H:GK>8: 8JHIDB:G68FJ>H>I>DC6C9DE:G6I>C<8DHIH

.=:>C8G:6H:>CDI=:G:ME:CH:L6H6IIG>7JI67A:IDI=:;DAADL>C<9DAA6GH>CB>AA>DCH

0<:=.?21 A< DGEDG6I:8DHIH -ID8@8DBE:CH6I>DC:ME:CH: 9K:GI>H>CH: *GDE:GINI6M6C9>CHJG6C8: )I=:G 

DGEDG6I:8DHIH>C8G:6H:9EG>B6G>AN9J:ID=><=:GE:GHDCC:A8DHIH CI:GEG>H:8DHIH9:8G:6H:9EG>B6G>AN9J:IDI=:H6A:D;CDC HIG6I:<>86HH:IH>CI=:I=>G9FJ6GI:GD;

/:398 +8. +79<>3D+>398:EG:8>6I>DC 6C9 6BDGI>O6I>DC :ME:CH: 9:8G:6H:9 7N B>AA>DC 9JG>C< I=: N:6G :C9:9 :8:B7:G 8DBE6G:9IDI=:8DGG:HEDC9>CD9>CEG>B6G>AN9J:ID69:8G:6H:>C9:EG:8>6I>DC6C96BDGI>O6I>DC 6H 8:GI6>C 6HH:IH 68FJ>G:9 >C 68FJ>H>I>DCH 7:8DB: ;JAAN 9:EG:8>6I:9 D;;H:I 7N 6C >C8G:6H: >C 9:EG:8>6I>DC 6H 6 G:HJAI D; BDG: G:8:CI86E>I6A:ME:C9>IJG:H

>2/< 9:/<+>381 /B:/8=/= 8/> .=: 9:8G:6H: >C DI=:G DE:G6I>C< :ME:CH:H C:I L6H 6IIG>7JI67A: ID I=: ;DAADL>C< 9DAA6GH >C B>AA>DCH

0<:=.?21 A< !6>CADHHDCH6A:D;6HH:IH C:I -E:8>6A8=6G<:H C:I 

.=:<6>CDCH6A:D;6HH:IH C:I;DGI=:N:6G:C9:9:8:B7:G 6H8DBE6G:9ID6ADHHDCH6A:D;6HH:IH>C>HEG>B6G>AN 9J: ID 6 B>AA>DC >BE6>GB:CI D; CDC HIG6I:<>8 6HH:IH >C8JGG:9 9JG>C< DG BDG: >C;DGB6I>DC H:: (DI: ID I=: 688DBE6CN>C<8DCHDA>96I:9;>C6C8>6AHI6I:B:CIH8DCI6>C:9>CV*6GI## #I:B >C6C8>6A-I6I:B:CIH6C9-JEEA:B:CI6GN6I6 W

8>/ /B:/8=/ 8/> (:I >CI:G:HI :ME:CH: >C8G:6H:9 7N B>AA>DC >C ;GDB EG>B6G>AN 9J: ID 6C >C8G:6H: >C L:><=I:96K:G6<:9:7IDJIHI6C9>CB6I:AN 7>AA>DCEG>B6G>AN6H6G:HJAID;I=:>HHJ6C8:D;CDI:H>C6C9 ;DG<:C:G6A8DGEDG6I:EJGEDH:H>C8AJ9>CCL:><=I:96K:G6<:>CI:G:HI G6I:H

9== 98 /B>381?3=27/8> 90 ./,> &DHH DC :MI>CH=B:CI D; 9:7I D; B>AA>DC ;DG I=: N:6G :C9:9 :8:B7:G EG>B6G>ANG:EG:H:CIHADHH:HG:8DO:96H6G:HJAID;I=:G:9:BEI>DCD;)"DA9>CC;DGB6I>DC H::(DI: IDI=:688DBE6CN>C<8DCHDA>96I:9;>C6C8>6AHI6I:B:CIH8DCI6>C:9>CV*6GI## #I:B >C6C8>6A-I6I:B:CIH6C9-JEEA:B:CI6GN 6I6 W

9==98038+8-3+638=>=8/>!6>CH6C9ADHH:HDC;>C6C8>6A>CHIGJB:CIH6G:G:8DO:99J:ID8=6C<:H>CI=:;6>GK6AJ: D;DJG>CI:G:HIG6I:6C9DJG8GDHH8JGG:C8N9:G>K6I>K:>CHIGJB:CIH 6C9I=:;DG:>M:9 G6I: G>I>H=EDJC9HI:GA>C<9:CDB>C6I:9CDI:HI=:V-I:GA>C<(DI:HW>CID/ - 9DAA6GH DGBDG:>C;DGB6I>DC H::(DI:IDI=: 688DBE6CN>C<8DCHDA>96I:9;>C6C8>6AHI6I:B:CIH8DCI6>C:9>CV*6GI## #I:B >C6C8>6A-I6I:B:CIH6C9-JEEA:B:CI6GN6I6 W

>2/<:/8=398-9=>=8/>)I=:GE:CH>DC8DHIH C:IL6H8DCH>HI:CI9JG>CC< E:G>D9 >C DG BDG: >C;DGB6I>DC H:: (DI: ID I=: 688DBE6CN>C< 8DCHDA>96I:9 ;>C6C8>6A HI6I:B:CIH 8DCI6>C:9>CV*6GI## #I:B >C6C8>6A-I6I:B:CIH6C9-JEEA:B:CI6GN6I6 W

>2/)I=:G:ME:CH: C:IEG>B6G>ANG:EG:H:CIH:FJ>INADHH:HDCDJG:FJ>IN>CK:HIB:CIH )I=:G:ME:CH: C:I6AHD >C8AJ9:H 6C >BE6>GB:CI DC :FJ>IN >CK:HIB:CIH D; 6EEGDM>B6I:AN B>AA>DC 6C9 B>AA>DC 9JG>C< I=: N:6GH :C9:9 :8:B7:G 6C9 G:HE:8I>K:AN DG BDG: >C;DGB6I>DC H:: (DI: ID I=: 688DBE6CN>C< 8DCHDA>96I:9 ;>C6C8>6A HI6I:B:CIH8DCI6>C:9>CV*6GI## #I:B >C6C8>6A-I6I:B:CIH6C9-JEEA:B:CI6GN6I6 W

8-97/>+B/B:/8=/1:G:8DO:9>C8DB:I6M:ME:CH:D;B>AA>DC6C9B>AA>DC;DGI=:N:6GH:C9:9:8:B7:G 6C9 G:HE:8I>K:AN #C8DB: I6M :ME:CH: >C8G:6H:9 9JG>C< I=: N:6G :C9:9 :8:B7:G 8DBE6G:9 ID I=: 8DGG:HEDC9>CD9>CEG>B6G>AN6H6G:HJAID;=><=:GEG:I6M>C8DB:D;;H:I7N>C8G:6H:9G:8DI>DCD;:M8:HHI6M7:C:;>IH G:HJAI>C<;GDBH=6G: 76H:98DBE:CH6I>DC9JG>C< DGBDG:>C;DGB6I>DC H::(DI:IDI=:688DBE6CN>C<8DCHDA>96I:9 ;>C6C8>6AHI6I:B:CIH8DCI6>C:9>CV*6GI## #I:B >C6C8>6A-I6I:B:CIH6C9-JEEA:B:CI6GN6I6 W

/>38-97/+>><3,?>+,6/>9898-98><96638138>/(:I>C8DB:6IIG>7JI67A:IDCDC8DCIGDAA>C<>CI:G:HI;DG;>C6C8>6AG:EDGI>C< EJGEDH:HG:EG:H:CIH(XHEDGI>DCD;=6GI:G"DA9>CC8DB:76H:9DC>IH:;;:8I>K:8DBBDCJC>IDLC:GH=>E>CI:G:HI6C9 I=:EG:;:GG:99>K>9:C9D;B>AA>DC;DG:68=D;I=:N:6GH:C9:9:8:B7:G 6C9 DGBDG:>C;DGB6I>DC H:: (DI: ID I=: 688DBE6CN>C< 8DCHDA>96I:9 ;>C6C8>6A HI6I:B:CIH 8DCI6>C:9 >C V*6GI ## #I:B >C6C8>6A -I6I:B:CIH 6C9 -JEEA:B:CI6GN6I6 W

/>38-97/+>><3,?>+,6/>92+<>/<=2+C8DB:6IIG>7JI67A:ID=6GI:GH=6G:=DA9:GHL6H 7>AA>DC6C9 7>AA>DC;DGI=:N:6GH:C9:9:8:B7:G 6C9 G:HE:8I>K:AN EG>B6G>AN6H6G:HJAID;I=:;68IDGH9:H8G>7:967DK:

 )@2<317B@A21(.;1?22.@59

1:JH:8:GI6>CB:6HJG:HI=6I6G:CDI9:;>C:97N/ - <:C:G6AAN688:EI:9688DJCI>CC8>EA:HV!*WID:K6AJ6I:K6G>DJH 6HE:8IHD;DJG7JH>C:HH 9?JHI:9 #.6C9;G::86H=;ADL6G:CDC !*;>C6C8>6AB:6HJG:H6C9H=DJA97:8DCH>9:G:9>C 699>I>DCID CDI6H6HJ7HI>IJI:;DG C:I>C8DB:6IIG>7JI67A:ID=6GI:GH=6G:=DA9:GH6C9C:I86H=;ADLH;GDBDE:G6I>C<68I>K>I>:H G:EDGI:9>C688DG96C8:L>I=!* .=:H:I:GBH 6H9:;>C:97NJH B6NCDI7:8DBE6G67A:IDH>B>A6GANI>IA:9B:6HJG:HJH:97N DI=:G8DBE6C>:H 9?JHI:9 #.6C9;G::86H=;ADL6G:G:8DC8>A:9IDC:I>C8DB:6IIG>7JI67A:ID=6GI:GH=6G:=DA9:GH6C9C:I 86H=;ADLH;GDBDE:G6I>C<68I>K>I>:H G:HE:8I>K:AN 7:ADL

9?JHI:9 #. :A>B>C6I:H I=: H>;>86CI CDC 86H= 9:EG:8>6I>DC 6C9 6BDGI>O6I>DC :ME:CH: I=6I G:HJAIH ;GDB I=: 86E>I6A >CI:CH>K: C6IJG: D; DJG 7JH>C:HH:H 6H L:AA 6H DI=:G CDC 86H= DG HE:8>6A >I:BH 6C9 >H JC6;;:8I:9 7N DJG 86E>I6A HIGJ8IJG: DG >CK:HIB:CI68I>K>I>:H "DL:K:G I=>HB:6HJG:>HA>B>I:9>CI=6I>I9D:HCDIG:;A:8II=:E:G>D9>88DHIHD;8:GI6>C86E>I6A>O:9I6C<>7A: 6C9 >CI6C<>7A: 6HH:IH JH:9 >C <:C:G6I>C< G:K:CJ:H 6C9 DJG 86H= 8DHI D; ;>C6C8>C< .=:H: 8DHIH 6G: :K6AJ6I:9 I=GDJ<= DI=:G ;>C6C8>6AB:6HJG:H

G::86H=;ADL>H9:;>C:96HC:I86H=;ADLH;GDBDE:G6I>C<68I>K>I>:H A:HH86E>I6A:ME:C9>IJG:H6C98=6C<:H>C688GJ:9:ME:CH:H G:A6I:9ID86E>I6A:ME:C9>IJG:H

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

G:8DC8>A>6I>DCD;9?JHI:9 #.6C9;G::86H=;ADLIDC:I>C8DB:6IIG>7JI67A:ID=6GI:GH=6G:=DA9:GH6C9C:I86H=;ADLH ;GDBDE:G6I>C<68I>K>I>:H G:HE:8I>K:AN >H6H;DAADLH9DAA6GH>CB>AA>DCH

-2.?@2;121202:/2? (:I>C8DB:6IIG>7JI67A:ID=6GI:GH=6G:=DA9:GH *AJH(:I>C8DB:6IIG>7JI67A:IDCDC8DCIGDAA>C<>CI:G:HI #CI:G:HI:ME:CH: C:I #C8DB:I6M:ME:CH: :EG:8>6I>DC6C96BDGI>O6I>DC -ID8@8DBE:CH6I>DC:ME:CH: &DHHDC:MI>CH=B:CID;9:7I &DHHDC;>C6C8>6A>CHIGJB:CIH C:I )I=:GE:CH>DC8DHIH C:I )I=:G C:I 9?JHI:9 #.

(:I86H=;ADLH;GDBDE:G6I>C<68I>K>I>:H &:HH*JG8=6H:HD;EGDE:GIN EA6CI6C9:FJ>EB:CI =6C<:>C688GJ:9:ME:CH:HG:A6I:9ID86E>I6A:ME:C9>IJG:H G::86H=;ADL 

 6>B616AF.;1.=6A.9&2@

@/<@3/A

1:=6K:H>;>86CI6BDJCIHD;9:7I .=:EG>C8>E6A6BDJCID;DJG9:7I6HD;:8:B7:G L6H 7>AA>DC 8DCH>HI>C< D; 7>AA>DCD;8G:9>I;68>A>IN9:7I 7>AA>DCD;>CK:HIB:CIDGH:8JG:9CDI:H6C9 7>AA>DCD;=><= N>:A9 H:C>DGJCH:8JG:9CDI:H )JG7JH>C:HHG:FJ>G:HH>;>86CI86H=ID;JC9EG>C8>E6A6C9>CI:G:HIE6NB:CIHDCDJG9:7I

)JGEGD?:8I:986H=C::9H6C9EGD?:8I:9HDJG8:HD;A>FJ>9>IN9:E:C9JEDC 6BDCCB>C< 6C96BDJCID;DJG:ME:C9>IJG:H HL:8DCI>CJ:IDA:H:GK>8:H L::ME:8IID8DCI>CJ:IDH::C:<6I>K:BD7>A: 9?JHI:9 #.>C6HL:AA6HC:<6I>K:LDG@>C<86E>I6A>BE68IH;GDBI=:I>B>C8: G:A6I:986H=;ADLHL=:CL: H:AAI=:=6C9H:IDGI67A:IID8JHIDB:GHEJGHJ6CIID:FJ>EB:CI>CHI6AAB:CIEA6CH G::86H=;ADLL6H 7>AA>DC6C9 7>AA>DC ;DGI=:N:6GH:C9:9:8:B7:G 6C9 G:HE:8I>K:AN -::I67A:7:ADL;DG;68IDGH>BE68I>C<;G::86H=;ADL9JG>CA67A:JC9:GDJG8G:9>I;68>A>I>:H L6H6EEGDM>B6I:AN 7>AA>DC6C986H=DC=6C9L6H6EEGDM>B6I:AN 7>AA>DC 1::ME:8IIDJI>A>O:;G::86H=;ADL 86H=DC =6C96C96K6>A67>A>INJC9:GDJG8G:9>I;68>A>I>:H6HL:AA6H;JIJG:G:;>C6C8>CDCHID;JGI=:G:MI:C9I=:B6IJG>I>:HD;DJG D7A><6I>DCH .=: I>B>C< 6C9 I:GBH D; 6CN G:;>C6C8>C< IG6CH68I>DCH L>AA 7: HJ7?:8I ID B6G@:I 8DC9>I>DCH 6BDC< DI=:G 8DCH>9:G6I>DCH 99>I>DC6AAN L:B6N ;GDBI>B:IDI>B: 6C99:E:C9>CI>DCH6C9DI=:G;68IDGH JH:86H=DC =6C96C9I=:EGD8::9H;GDBH:8JG>I>:HD;;:G>CCG:DJG9:7II=GDJ<=DE:CB6G@:IEJG8=6H:H EG>K6I:AN C:6I:9EJG8=6H:H I:C9:GD;;:GHDGG:9:BEI>DCEGDK>H>DCH 1:7:A>:K:L:=6K:HJ;;>8>:CIA>FJ>9>IN;GDB86H=DC=6C9 ;G:: 86H=;ADL6C9=6GI:G)E:G6I>CC<8G:9>I;68>A>IN6HL:AA6H688:HHIDI=:86E>I6AB6G@:IHID;JC9DJGEGD?:8I:986H= C::9H

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

#C:8:B7:G =6GI:G6C9(:CI:G:9>CID6C6B:C9B:CIIDI=:A:II:G6G:H (IDH:AAID=6GI:GDGID=6GI:G"DA9>CH 6CJB7:GD;H=6G:HD;=6GI:GA6HH8DBBDCHID8@DG =6GI:G"DA9>CIHI=6IG:EG:H:CIH6EGDG6I6E6GI>8>E6I>DC7N(6C9>IH6;;>A>6I:H>C6CNG:EJG8=6H:HD;H=6G:HD; =6GI:GA6HH8DBBDCHID8@;GDBE:GHDCHDI=:GI=6C(:;;:8I:97N=6GI:G9JG>CBB:9>6I:ANEG:8:9>C<86A:C96G BDCI= 6I6EJG8=6H:EG>8::FJ6AIDI=:6K:G6<:EG>8:E6>97N=6GI:G;DGI=:H=6G:HG:EJG8=6H:9;GDBE:GHDCHDI=:GI=6C( 9JG>CBB:9>6I:ANEG:8:9>C<86A:C96GBDCI= (6C9=6GI:G7DI==6K:I=:G><=IIDI:GB>C6I:DGHJHE:C9I=:EGDG6I6 G:EJG8=6H: 6GG6C<:B:CI DC 6 EGDHE:8I>K: 76H>H JG>C< I=: N:6GH :C9:9 :8:B7:G 6C9 =6GI:G "DA9>CAA>DC6C9 B>AA>DC=6GI:G"DA9>CIH G:HE:8I>K:AN ;DG6EEGDM>B6I:AN 7>AA>DC 6C9B>AA>DC G:HE:8I>K:AN

HD;:8:B7:G =6GI:G=69G:B6>C>C<7D6G96JI=DG>INIDEJG8=6H:6C699>I>DC6A 7>AA>DCD;=6GI:GXHA6HH 8DBBDCHID8@6C9DG=6GI:G"DA9>CIH AI=DJ<==6GI:G:ME:8IHID8DCI>CJ:ID7JN768@>IH8DBBDCHID8@ 8DCH>HI:CIL>I=>IHA:K:G6<:I6G<:IG6C<: =6GI:G>HCDID7A><6I:9ID68FJ>G:6CNE6GI>8JA6G6BDJCID;8DBBDCHID8@ 6C9I=: I>B>C8I:96C9L>AAA6G<:AN9:E:C9DCB6G@:I8DC9>I>DCH6C9DI=:GEDI:CI>6A JH:HD;86E>I6A *JG8=6H:HB6N>C8AJ9:DE:CB6G@:IEJG8=6H:H I:C9:GD;;:GHDGC:6I:9IG6CH68I>DCH

HEDHH>7A:68FJ>H>I>DCH HL6EHDG9>HEDH>I>DCH6G>H: L:68I>K:ANG:K>:LI=:B6<6>CHIDJGD7?:8I>K:H>C8AJ9>C< 6BDC9:G6I>DCH >BEGDK>C< I=: DE:G6I>DC6A :;;>8>:C8N <:D8 8AJHI:G>C< D; 6HH:IH EGD9J8I 9:K:ADEB:CI DG I:8=CDADA>I>:H D; DJG 7JH>C:HH 6C9 68=>:K>C< 6EEGDEG>6I: G:IJGC I6G<:IH 6C9 L: B6N E6GI>8>E6I: ID I=: :MI:CI L: 7:A>:K: I=:H: EDHH>7>A>I>:H EG:H:CI 6IIG68I>K: DEEDGIJC>I>:H "DL:K:G I=:G: 86C 7: CD 6HHJG6C8: I=6I L: L>AA 68IJ6AAN 8DBEA:I: 6CN 68FJ>H>I>DCH 9>HEDH>I>DCHDGHNHI:BHL6EH DGI=6I6CNHJ8=IG6CH68I>DCHL>AA7:B6I:G>6AIDDJGDE:G6I>DCHDGG:HJAIH

 #/-/8>@/8>=

#C :8:B7:G =6GI:G )E:G6I>C< 6C9 =6GI:G DBBJC>86I>DCH )E:G6I>C< 6E>I6A DGE ?D>CIAN >HHJ:9 7>AA>DC 6<C8>E6A6BDJCID; H:C>DGH:8JG:9CDI:H9J:6I6EG>8:D; D;I=:6<C8>E6A6BDJCI 6C699>I>DC6AB>AA>DC6<C8>E6A6BDJCID; H:C>DGH:8JG:9CDI:H9J:6I6EG>8:D; D;I=: 6<C8>E6A6BDJCI6C9 7>AA>DC6<C8>E6A6BDJCID; H:C>DGH:8JG:9CDI:H9J:6I6EG>8:D; D; I=: 6<C8>E6A 6BDJCI .=: C:I EGD8::9H L:G: JH:9 ID E6N G:A6I:9 ;::H 6C9 :ME:CH:H 6C9 ;DG <:C:G6A 8DGEDG6I:EJGEDH:H >C8AJ9>C<;JC9>C<7JN768@HD;=6GI:GA6HH8DBBDCHID8@6C9=6GI:G"DA9>CIH6HL:AA 6HG:E6N>C<8:GI6>C>C9:7I:9C:HH>C8AJ9>CAA>DCD;.>B:16GC:G67A: && CDI:H9J: :7GJ6GN

#C699>I>DCIDI=:9:7I>HHJ:9>C:8:B7:G6H9:H8G>7:967DK: )"DA9>CCI6ADGE ?D>CIAN >HHJ:9 7>AA>DC6<C8>E6A6BDJCID;H:C>DGJCH:8JG:9CDI:H6IK6GN>C8:H6C9B6IJG>IN96I:H>C 6C9 =6GI:G )E:G6I>C< 6C9 =6GI:G DBBJC>86I>DCH )E:G6I>C< 6E>I6A DGE ?D>CIAN >HHJ:9 7>AA>DC 6<C8>E6A 6BDJCID;H:C>DGH:8JG:9CDI:H6IK6GN>C8:H6C9B6IJG>IN96I:H>C .=:C:IEGD8::9HL:G:JH:9IDE6NG:A6I:9 ;::H 6C9 :ME:CH:H 6C9 ;DG <:C:G6A 8DGEDG6I: EJGEDH:H >C8AJ9>C< ;JC9>C< 7JN768@H D; =6GI:G A6HH 8DBBDC HID8@ 6C9 =6GI:G"DA9>CIH6HL:AA6HG:E6N>C<8:GI6>C>C9:7I:9C:HH

G::86H=;ADL>C8G:6H:9 7>AA>DC9JG>CCDGE:G>D99J: IDI=:;DAADL>C<9DAA6GH>CB>AA>DCH

0<:=.?21 A< #C8G:6H:>C9?JHI:9 #. =6C<:>CLDG@>C<86E>I6A :M8AJ9>C<8=6C<:>C688GJ:9>CI:G:HI :8G:6H:>C86H=E6>9;DG>CI:G:HI C:I #C8G:6H:>C86E>I6A:ME:C9>IJG:H )I=:G C:I

G::86H=;ADLL6HG:9J8:97N 7>AA>DC6C9 7>AA>DC9JG>CK:AN 9J:IDBD7>A:L>I=>BE68IHC:<6I>K:AN6;;:8I>CC<86E>I6A 86E>I6A:ME:C9>IJG:H6C99?JHI:9 #. .=:>C8G:6H:>C ;G::86H=;ADLG:HJAI>C<;GDB8=6C<:H>CLDG@>C<86E>I6AL6H;6KDG67AN>BE68I:97NDC: I>B:JC;6KDG67A:>BE68IH>C;GDB 7>AA8N8A:HI6C96G9>O6I>DC:;;DGIH6HL:AA6HDC: I>B:C:I;6KDG67A:>BE68IH>CG:A6I:9ID)0# >C8AJ9>C<9:;:GG6AD; E6NGDAAI6ME6NB:CIH

98><+->?+6 ,631+>398=

.=:;DAADL>CO:HDJGE6NB:CID7A><6I>DCH6HD;:8:B7:G JC9:GDJGADC< I:GB9:7I6C98:GI6>CDI=:G 8DCIG68IJ6AD7A><6I>DCH6C98DBB>IB:CIH9DAA6GH>CB>AA>DCH $.F:2;A@/F$2?6<1 2@@A5.; !C8>E6A*6NB:CIH6 &DC< .:GB:7I#CI:G:HI*6NB:CIH7 >C6C8:6C9)E:G6I>C<&:6H:)7A><6I>DCH8 *GDC<'>C>BJBDBB>IB:CIH9 U U )I=:G:

6 .=:I67A:EG:H:CIHB6IJG>I>:HD;ADC< I:GB9:7IDJIHI6C9>C<6HD;:8:B7:G ,:;:GID(DI:H6C9IDDJG 688DBE6CN>C< 8DCHDA>96I:9 ;>C6C8>6A HI6I:B:CIH 8DCI6>C:9 >C V*6GI ## #I:B >C6C8>6A -I6I:B:CIH 6C9 -JEEA:B:CI6GN 6I6W;DG69:H8G>EI>DCD;DJGADC< I:GB9:7I6C9DI=:G8DCIG68IJ6AD7A><6I>DCH6C98DBB>IB:CIH

7 #CI:G:HIE6NB:CIHDCK6G>67A:9:7I6G::HI>B6I:9JH>C<6BDJCIHDJIHI6C9>C<6I:8:B7:G 6C9I=:6K:G6<:>BEA>:9 ;DGL6G9 &#), G6I:H 6EEA>867A: ;DG I=: FJ6GI:G 9JG>C< I=: >CI:G:HI G6I: G:H:I 76H:9 DC I=: N>:A9 8JGK: >C :;;:8I 6I :8:B7:G 8IJ6A>CI:G:HIE6NB:CIHL>AA9>;;:G76H:9DC68IJ6A&#),G6I:H6C968IJ6A6BDJCIHDJIHI6C9>C<;DG 6EEA>867A:E:G>D9H 8 1: A:6H: 8:GI6>C ;68>A>I>:H 6C9 :FJ>EB:CI JC9:G CDC86C8:A67A: ;>C6C8: 6C9 DE:G6I>C< A:6H:H >C6C8: A:6H: D7A><6I>DCH G:EG:H:CI:9B>AA>DCD;IDI6A;>C6C8:6C9DE:G6I>C<6I>DCH6HD;:8:B7:G &:6H:6C9G:CI6A8DHIH 8=6G<:9ID:ME:CH:;DGI=:N:6GH:C9:9:8:B7:G 6C9L:G:B>AA>DC6C9B>AA>DC G:HE:8I>K:AN 9 1:E6NEGDC<;::HJC9:GBJAI> N:6G8DCIG68IHINE>86AAN76H:9DC6;A6I;::E:G8JHIDB:G L=>8=B6N7:;>M:9;DGI=: I:GB DG B6N >C HDB: 86H:H :H86A6I: DK:G I=: I:GB *GDC< 8DHIH >C8AJ9:9 >C I=: 688DBE6CN>C< HI6I:B:CI D; DE:G6I>DCH L:G: 6EEGDM>B6I:AN 7>AA>DC 6C9 7>AA>DC ;DG I=: N:6GH :C9:9 :8:B7:G 6C9 G:HE:8I>K:AN :GI6>C D; DJG EGDC< 6C>BJB E6NB:CIH .=:I67A:H:IH;DGI=I=:6<C>BJB8DBB>IB:CIHJC9:GDJGEGDC<8DCIG68IH : V)I=:GWG:EG:H:CIHDI=:GC>BJB8DBB>IB:CIH >C8AJ9>C<=IHC:6I:99>G:8IANL>I=8DCI:CIDLC:GH;DG 9>HIG>7JI>DCDC8DBE6CN DLC:98=6CC:AHDGC:ILDG@H 8DBB>IB:CIHG:A6I:9IDDJGGDA:6H6C69K:GI>H>C<6C99>HIG>7JI>DC H6A:H 6<:CI ;DG I=>G9 E6GIN DLC:9 8=6CC:AH DG C:ILDG@H 8DBB>IB:CIH ID DJG 8JHIDB:G EG:B>H: :FJ>EB:CI 6C9 9:K>8: K:C9DGH6C98DCIG68IJ6AD7A><6I>DCHG:A6I:9IDI=>G9 E6GINC:ILDG@6JDC

.=: ;DAADL>C< >I:BH 6G: CDI >C8AJ9:9 >C I=: 8DCIG68IJ6A D7A><6I>DCH I67A: 7:86JH: I=: D7A><6I>DCH 6G: CDI ;>M:9 6C9DG 9:I:GB>C67A:9J:IDK6G>DJH;68IDGH9>H8JHH:97:ADL "DL:K:G L:>C8JGI=:H:8DHIH6HE6GID;DJGDE:G6I>DCH

R 1:G:CIJI>A>INEDA:HJH:9>CDJGDE:G6I>DCH !:C:G6AAN EDA:G:CI6AH6G:86C8:A67A:DCH=DGICDI>8: 7JIL:6CI>8>E6I:I=6I HJ8=G:CI6AHL>AAG:8JG ,:CI:ME:CH:>C8JGG:9;DGEDA:G:CI6A6II68=B:CIH;DGI=:N:6GH:C9:9:8:B7:G 6C9 L6HB>AA>DC6C9B>AA>DC G:HE:8I>K:AN R 1: E6N ;G6C8=>H: ;::H JC9:G BJAI> N:6G ;G6C8=>H: 69:D H:GK>8:E:GN:6G 1:6AHDE6NDI=:G;G6C8=>H:G:A6I:98DHIH HJ8=6HEJ7A>8:9J86I>DC N:6G6H:;::H6C9DI=:G;G6C8=>H: G:A6I:98DHIH>C8AJ9:9>CI=:688DBE6CN>CDCHL:G:B>AA>DC 6C9B>AA>DC;DGI=:N:6GH:C9:9:8:B7:G 6C9 G:HE:8I>K:AN R 1: =6K: B>AA>DC >C A:II:GH D; 8G:9>I D; L=>8= B>AA>DC >H H:8JG:9 JC9:G I=: =6GI:G )E:G6I>C< 8G:9>I ;68>A>IN EG>B6G>AN ID DJG K6G>DJH 86HJ6AIN 86GG>:GH 6H 8DAA6I:G6A ;DG G:>B7JGH:B:CI D; LDG@:GH 8DBE:CH6I>DC 6JID A>67>A>IN 6C9 <:C:G6AA>67>A>IN8A6>BH R '>C>BJB E:CH>DC ;JC9>C< G:FJ>G:B:CIH =6K: CDI 7::C EG:H:CI:9 >C I=: I67A: 67DK: 6H HJ8= 6BDJCIH =6K: CDI 7::C 9:I:GB>C:9 7:NDC9 1: B69: CD 86H= 8DCIG>7JI>DCH ID I=: FJ6A>;>:9 E:CH>DC EA6CH >C =DL:K:G L: 6G: E:GB>II:9IDB6@:9>H8G:I>DC6GN86H=8DCIG>7JI>DCHIDI=:FJ6A>;>:9E:CH>DCEA6CH>C DGI=:CDCFJ6A>;>:9E:CH>DC EA6C L:8DCIG>7JI:9B>AA>DC9JG>C<6C9L>AA8DCI>CJ:IDB6@:8DCIG>7JI>DCH>CIDI=::MI:CI7:C:;>IH6G:E6>9 R #C :8:B7:G L: LDC 6 7>99>C< EGD8:HH ;DG 7>AA>DC >C E=6H: # D; I=: ,) 6J8I>DC ID ;JGI=:G :MI:C9 DJG 7GD6976C9H:GK>8:H>CHI6I:HL=:G:L:8JGG:CIANDE:G6I: 1::ME:8IID;JC9DJGBJAI> 7>AA>DC9DAA6G;>7:G 76H:97J>A9 DJI DK:G6H>MID:><=I N:6GE:G>D9

-::*6GI# #I:B JH>C:HHUDBB>IB:CIH,:A6I:9IDI=:':G<:GL>I=.16C98FJ>H>I>DCD;G><=I"DJH:;DG6 A>HI>CIB:CIH6H6G:HJAID;I=:B:G<:GL>I=.16C968FJ>H>I>DCD;G><=I"DJH:>C

3=>9<3-+6 :/<+>3818@/=>381+8.38+8-381->3@3>3/=

+=2+8.+=2;?3@+6/8>=1:=:A9B>AA>DC6C9 7>AA>DC>C86H=6C986H=:FJ>K6A:CIH6HD;:8:B7:G 6C9 G:HE:8I>K:AN 1:6AHD=:A9B>AA>DC6C9B>AA>DC>CG:HIG>8I:986H=6HD;:8:B7:G 6C9 G:HE:8I>K:AN G:EG:H:CI>C<:H8GDL:9;JC9HD;68DCHDA>96I:9K6G>67A:>CI:G:HI:CI>IN -::(DI:IDI=:688DBE6CN>C<8DCHDA>96I:9;>C6C8>6A HI6I:B:CIH8DCI6>C:9>CV#I:B >C6C8>6A-I6I:B:CIH W

:/<+>381->3@3>3/=(:I86H=EGDK>9:97NDE:G6I>C<68I>K>I>:H>C8G:6H:9 7>AA>DC9JG>CB6G>AN9J:ID6C>C8G:6H:>C9?JHI:9 #.D; 7>AA>DC6C98=6C<:H >CLDG@>C<86E>I6A :M8AJ9>CC688GJ:9>CI:G:HI6C9688GJ:9:ME:CH:HG:A6I:9ID86E>I6A:ME:C9>IJG:H I=6IJH:9 7>AA>DCA:HH86H=

8@/=>381->3@3>3/=(:I86H=JH:9>C>CK:HI>C<68I>K>I>:H;DGI=:N:6GH:C9:9:8:B7:G 6C9L6H 7>AA>DC6C9 7>AA>DC G:HE:8I>K:AN .=:>C8G:6H:>C86H=JH:9L6HEG>B6G>AN9J:IDI=:EJG8=6H:D;HE:8IGJBL>G:A:HHA>8:CH:H6C96C >C8G:6H:>C86E>I6A:ME:C9>IJG:H

38+8-381->3@3>3/=(:I86H=JH:9>C;>C6C8>C<68I>K>I>:H>C8G:6H:9 7>AA>DC9JG>CB6G>AN 9J: ID 6C >C8G:6H: >C I=: EJG8=6H: D; IG:6HJGN HID8@ 6C9 CDC8DCIGDAA>C<>CI:G:HI6C969:8G:6H:>CI=:6BDJCI7NL=>8=7DGGDL>C

+:3>+6B:/8.3>?

1:=6K:H>;>86CIDCC<86E>I6A:ME:C9>IJG:G:FJ>G:B:CIH 6E>I6A:ME:C9>IJG:HL:G: 7>AA>DC6C9 7>AA>DC;DGI=: N:6GH:C9:9:8:B7:G 6C9 G:HE:8I>K:AN .=:>C8G:6H:L6HEG>B6G>AN9J:ID=><=:GA>C::MI:CH>DCH9G>K:C7N 8DCI>CJ:9 C:ILDG@ :ME6CH>DC >C8AJ9>C< ID GJG6A 6G:6H =><=:G HJEEDGI 86E>I6A 6H 6 G:HJAI D; ;68>A>IN >BEGDK:B:CIH 6C9 >CK:HIB:CIH >C 768@ D;;>8: HNHI:BH 6C9 BD7>A: HIDG: 7J>A9 DJIHD;;H:I 7N ADL:G 8JHIDB:G EG:B>H: :FJ>EB:CI -:: I=: I67A: 7:ADL;DGBDG:9:I6>AH

1:8JGG:CIAN:ME:8I867A:86E>I6A:ME:C9>IJG:HID7:G:A6I>K:AN8DCH>HI:CIDGADL:G6H6E:G8:CI6<:D;867A:G:K:CJ:K:GHJH .=:68IJ6A6BDJCID;DJG86E>I6A:ME:C9>IJG:H>CL>AA9:E:C9DC6CJB7:GD;;68IDGH>C8AJ9>C<;JGI=:GHE:C9G:A6I:9 IDEGD9J8I9:K:ADEB:CI6C99:CI>6A6C98DBB:G8>6A7JH>C:HH:H

)JG86E>I6A:ME:C9>IJG:H6G:;JC9:9EG>B6G>AN;GDB86H=;ADLH;GDBDE:G6I>C<68I>K>I>:H6C97DGGDL>CI;68>A>IN #C699>I>DC DJG688GJ:9A>67>A>I>:HG:A6I:9ID86E>I6A:ME:C9>IJG:H9:8G:6H:9B>AA>DC6C9>C8G:6H:9B>AA>DC;DGI=:N:6GH :C9:9:8:B7:G 6C9 G:HE:8I>K:AN

.=: ;DAADL>C< I67A:H EG:H:CI DJG B6?DG 86E>I6A :ME:C9>IJG:H 86I::H >C 688DG96C8: L>I= (6I>DC6A 67A: 6C9 .:A:8DBBJC>86I>DCHHHD8>6I>DCV(.W9>H8ADHJG:9:A>C:H;DGI=:N:6GH:C9:9:8:B7:G 6C9 .=:H: 9>H8ADHJG: 9:A>C:H 6G: CDI G:FJ>G:9 9>H8ADHJG:H JC9:G !* CDG 9D I=:N >BE68I DJG 688DJCI>C< ;DG 86E>I6A :ME:C9>IJG:H JC9:G!*9DAA6GH>CB>AA>DCH

-2.?2;121202:/2? JHIDB:GEG:B>H::FJ>EB:CI6 -86A67A:>C;G6HIGJ8IJG:7 &>C::MI:CH>DCH8 /EA99 -JEEDGI86E>I6A: .DI6A86E>I6A:ME:C9>IJG:H

6E>I6A:ME:C9>IJG:H>C8AJ9:9>CIDI6AG:A6I:9ID DBB:G8>6AH:GK>8:H 'D7>A: 

6 JHIDB:G EG:B>H: :FJ>EB:CI >C8AJ9:H 8DHIH >C8JGG:9 6I I=: 8JHIDB:G G:H>9:C8: ID H:8JG: C:L 8JHIDB:GH 6C9 G:K:CJ: <:C:G6I>CIH >C8AJ9>C<8JHIDB:G>CHI6AA6I>DC8DHIH6C98JHIDB:GEG:B>H::FJ>EB:CI: < 9><>I6AG:8:>K:GH6C9867A: BD9:BH 7 -86A67A:>C;G6HIGJ8IJG:>C8AJ9:H8DHIHCDIG:A6I:9ID8JHIDB:GEG:B>H::FJ>EB:CI IDH:8JG:CIH DGEGDK>9:H:GK>8::C=6C8:B:CIH: < =:69:C9:FJ>EB:CI 8 &>C: :MI:CH>DCH >C8AJ9: C:ILDG@ 8DHIH 6HHD8>6I:9 L>I= :CI:G>C< C:L H:GK>8: 6G:6H : < ;>7:G8D6M>6A 867A: 6BEA>;>:GH :A:8IGDC>8:FJ>EB:CI B6@: G:69N6C99:H>C::G>C< 9 /EA9>C8AJ9:H8DHIHIDBD9>;NDGG:EA68::M>HI>C<;>7:G8D6M>6A867A:C:ILDG@H >C8AJ9>C<7:II:GB:CIH : -JEEDGI86E>I6A>C8AJ9:H8DHIH6HHD8>6I:9L>I=I=:G:EA68:B:CIDG:C=6C8:B:CID;CDC C:ILDG@6HH:IH9J:IDI:8=CDAD<>86A 6C9E=NH>86AD7HDA:H8:C8:: < CDC C:ILDG@:FJ>EB:CI A6C9 7J>A9>C8A:H

 /,>

HD;:8:B7:G I=:688G:I:9K6AJ:D;DJGIDI6A9:7IL6H6EEGDM>B6I:AN 7>AA>DC 6HHJBB6G>O:97:ADL9DAA6GH >CB>AA>DCH 202:/2? $?6;06=.9 00?2A21 ;A2?2@A$.F:2;A !.AB?6AF :DGCDI:H9J: H:C>DGCDI:H9J: H:C>DGCDI:H9J: H:C>DGCDI:H9J: H:C>DGCDI:H9J: H:C>DGCDI:H9J: H:C>DGCDI:H9J: H:C>DGCDI:H9J: H:C>DGCDI:H9J: H:C>DGCDI:H9J: H:C>DGCDI:H9J: 5.?A2?<::B;60.A6<;@#=2?.A6;4 H:C>DGCDI:H9J: -:C>DG;AD6I>CDGCDI:H9J: H:C>DGCDI:H9J: H:C>DGCDI:H9J: H:C>DGCDI:H9J: H:C>DGCDI:H9J: H:C>DGCDI:H9J: H:C>DGCDI:H9J: H:C>DGCDI:H9J: H:C>DGCDI:H9J: H:C>DGCDI:H9J: H:C>DGCDI:H9J: H:C>DGCDI:H9J: H:C>DGCDI:H9J: H:C>DGCDI:H9J: H:C>DGCDI:H9J: H:C>DGCDI:H9J: H:C>DGCDI:H9J: G:9>I;68>A>I>:H 06G>:H (6:2+.?;2?./92 H:C>DGCDI:H9J: HI:GA>CDGCDI:H9J:8 H:C>DG9:7:CIJG:H9J: H:C>DG9:7:CIJG:H9J: H:C>DG9:7:CIJG:H9J: H:C>DG9:7:CIJG:H9J: H:C>DG9:7:CIJG:H9J: HI:GA>CDGCDI:H9J:9 H:C>DG9:7:CIJG:H9J: (6:2+.?;2?./92;A2?=?6@2@ H:C>DG9:7:CIJG:H9J: H:C>DG9:7:CIJG:H9J:

6 .=: 688G:I:9 K6AJ:H EG:H:CI:9 >C I=: I67A: 67DK: G:EG:H:CI I=: EG>C8>E6A 6BDJCI D; I=: 9:7I 69?JHI:9 ;DG DG><>C6A >HHJ: 9>H8DJCIDGEG:B>JB6II=:I>B:D;H6A: 9:;:GG:9;>C6C8>C<8DHIH 6C9 >CG:<6G9HID9:7I6HHJB:9>C68FJ>H>I>DCH ;6>GK6AJ: EG:B>JB69?JHIB:CIH6H6G:HJAID;6EEAN>C<68FJ>H>I>DC688DJCI>CDCD;I=DH:6BDJCIHIDI=:76A6C8:H=::I 96I: "DL:K:G I=:6BDJCII=6I>H8JGG:CIANE6N67A:>;I=:9:7I7:8DB:H>BB:9>6I:AN9J:>H:FJ6AIDI=:EG>C8>E6A6BDJCI D;I=:9:7I #CG:<6G9HIDI=:-I:GA>C<(DI:H I=:EG>C8>E6A6BDJCID;I=:9:7I6C96CNEG:B>JBDG9>H8DJCI>HG:B:6HJG:9 >CID/-9DAA6GH6HD;:68=76A6C8:H=::I96I: 1:=6K:6K6>A67>A>INJC9:GDJG8G:9>I;68>A>I>:HD;6EEGDM>B6I:AN 7>AA>DC 6HD;:8:B7:G 7 #C<:C:G6A I=:D7A><=IIDG:9::B6AAD;I=:CDI:HH:I;DGI=>CI=:67DK:I67A:>CL=DA:DG>CE6GI6II=:>G DEI>DC 7:<>CC>C<6IK6G>DJHI>B:HEG>DGIDI=:>GHI6I:9B6IJG>IN96I:H HJ7?:8IID8:GI6>C8DC9>I>DCH JEDCI=:E6NB:CID;I=: DJIHI6C9>CC8>E6A6BDJCIEAJH6HE:8>;>:9G:9:BEI>DCEG:B>JB6C96AA688GJ:96C9JCE6>9>CI:G:HI 8 *G>C8>E6A6BDJCI>C8AJ9:HPB>AA>DCK6AJ:96IB>AA>DC6HD;:8:B7:G JH>CC8>E6A6BDJCI>C8AJ9:HPB>AA>DCK6AJ:96IB>AA>DC6HD;:8:B7:G JH>C

-:: (DI: ID I=: 688DBE6CN>C< 8DCHDA>96I:9 ;>C6C8>6A HI6I:B:CIH 8DCI6>C:9 >C V*6GI ## #I:B >C6C8>6A -I6I:B:CIH 6C9 -JEEA:B:CI6GN 6I6W ;DG ;JGI=:G 9:I6>AH G:<6G9>C< DJG DJIHI6C9>C< 9:7I 6C9 DI=:G ;>C6C8>C< 6GG6C<:B:CIH >C8AJ9>C< 8:GI6>C >C;DGB6I>DC67DJIB6IJG>I>:H 8DK:C6CIH6C9G:HIG>8I>DCHG:A6I:9IDHJ8=9:7I6C9;>C6C8>C<6GG6C<:B:CIH .=:6CHIGJB:CIH C< DJG 9:7I 6C9 ;>C6C8>C< 6GG6C<:B:CIH 6G: 8DBEA>86I:9 6C9 NDJ H=DJA9 8DCHJAI HJ8= 6CHIGJB:CIHL=>8=6G:;>A:9L>I=I=:- ;DGBDG:9:I6>A:9>C;DGB6I>DC

I:8:B7:G =6GI:G)E:G6I>C<=6968DCHDA>96I:9A:K:G6<:G6I>DD;6EEGDM>B6I:AN ID 6C968DCHDA>96I:9;>GHI A>:CA:K:G6<:G6I>DD; ID DI=G6I>DH6G:>C8DBEA>6C8:L>I=I=:G6I>DHG:FJ>G:97NI=:=6GI:G)E:G6I>C<8G:9>I;68>A>I>:H D; ID 8DCHDA>96I:9A:K:G6<:G6I>D6C9 ID 8DCHDA>96I:9;>GHIA>:CA:K:G6<:G6I>D ;6>AJG:7N=6GI:G)E:G6I>CCI6>CI=:;>C6C8>6A8DK:C6CIHLDJA9G:HJAI>C6C:K:CID;9:;6JAIJC9:GI=:=6GI:G)E:G6I>C<8G:9>I;68>A>I>:H6C9I=:9:7ID; )"DA9>CH@ 68IDGHU.=:6CHIGJB:CIHCCG:HIG>8I>DCH 6C9A>B>I6I>DCHI=6I8DJA9H>;>86CIAN6;;:8IDJG67>A>INIDDE:G6I:DJG7JH>C:HH 6HL:AA6HH>;>86CIAN6;;:8IDJGA>FJ>9>IN W

&202;A9F@@B2100

-:: (DI: ID I=: 688DBE6CN>C< 8DCHDA>96I:9 ;>C6C8>6A HI6I:B:CIH 8DCI6>C:9 >C V*6GI ## #I:B >C6C8>6A -I6I:B:CIH 6C9 -JEEA:B:CI6GN6I6W;DG69>H8JHH>DCD;G:8:CIAN>HHJ:9688DJCI>C

A2: "?+8>3>+>3@/+8."?+63>+>3@/3=-69=?+<5/>#3=5

1: JH: 9:G>K6I>K: >CHIGJB:CIH ID B6C6<: ;DG:>H@ DC I=: -I:GA>C< (DI:H 6C9 9D CDI =DA9 DG >HHJ: 9:G>K6I>K: >CHIGJB:CIH;DGHE:8JA6I>K:IG69>C

GDHH 8JGG:C8N9:G>K6I>K:>CHIGJB:CIH6G:JH:9ID:;;:8I>K:AN8DCK:GIP 7>AA>DC6<C8>E6A6BDJCID;;>M:9 G6I: G>I>H=EDJC9HI:GA>C<9:CDB>C6I:99:7I >C8AJ9>C<6CCJ6A>CI:G:HIE6NB:CIH6C9I=:E6NB:CID;EG>C8>E6A6IB6IJG>IN ID;>M:9 G6I:/ - 9DAA6G9:CDB>C6I:99:7I .=:8GDHH 8JGG:C8N9:G>K6I>K:>CHIGJB:CIH=6K:B6IJG>I>:HD;$JC:6C9$JAN 1: 6G:G:FJ>G:9IDEDHI8DAA6I:G6ADCI=:8GDHH 8JGG:C8N9:G>K6I>K:>CHIGJB:CIHL=:CHJ8=>CHIGJB:CIH6G:>C6A>67>A>INEDH>I>DC #C EG>A L::CI:G:9>CID68DAA6I:G6A=DA>96N68= :A>B>C6I:HI=:G:FJ>G:B:CIIDEDHI8DAA6I:G6A;DGI=G::N:6GH 6HL:AA6H6I:CN:6G8DAA6I:G6A86EDCI=:G:B6>C>C<D;I=: 8GDHH 8JGG:C8NHL6EHL=>8=A>B>IHI=:G:FJ>G:98DAA6I:G6AEDHI>CAA>DC .=: ;6>GK6AJ:D;DJG8GDHH 8JGG:C8N9:G>K6I>K:H>C8AJ9:9>CDI=:GADC< I:GBA>67>A>I>:HDCDJG8DCHDA>96I:976A6C8:H=::IHL6H B>AA>DC 6C9 B>AA>DC 6H D; :8:B7:G 6C9 G:HE:8I>K:AN DG BDG: >C;DGB6I>DC H:: (DI: ID I=: 688DBE6CN>C<8DCHDA>96I:9;>C6C8>6AHI6I:B:CIH8DCI6>C:9>CV*6GI## #I:B >C6C8>6A-I6I:B:CIH6C9-JEEA:B:CI6GN6I6 W

HD;:8:B7:G 6C9 I=:L:><=I:96K:G6<:>CI:G:HIG6I:DCI=:8G:9>I;68>A>IN9:7IL6H6EEGDM>B6I:AN 6C9 G:HE:8I>K:AN 6C9I=:L:><=I:96K:G6<:>CI:G:HIG6I:DCI=:H:C>DGCDI:HL6H6EEGDM>B6I:AN 6C9 G:HE:8I>K:AN G:HJAI>C<>C67A:C9:9L:><=I:96K:G6<:>CI:G:HIG6I:D; 6C9 G:HE:8I>K:AN .=:>CI:G:HIG6I:DC6EEGDM>B6I:AN 6C9D;I=:IDI6AEG>C8>E6A6BDJCID;DJG9:7IL6H;>M:96HD;:8:B7:G 6C9 G:HE:8I>K:AN

 .=:I67A:H:I;DGI=7:ADLHJBB6G>O:HI=:;6>GK6AJ:H6C98DCIG68II:GBHD;;>C6C8>6A>CHIGJB:CIHHJ7?:8IID>CI:G:HIG6I:G>H@ B6>CI6>C:97NJH6HD;:8:B7:G 9DAA6GH>CB>AA>DCH

 (52?2.3A2? (M:9,6I: K:G6<:#CI:G:HI,6I: 

06G>67A:,6I: K:G6<:#CI:G:HI,6I: 

#CI:G:HIG6I:HDCK6G>67A: G6I:9:7I6G::HI>B6I:9JH>CBEA>:9;DGL6G9&#),;DGI=:N:6GD;B6IJG>IN76H:9DCI=: N>:A98JGK:>C:;;:8I6I:8:B7:G >C8AJ9>C<6EEA>867A:76C@HEG:69

A2: 38+8-3+6$>+>/7/8>=+8.$?::6/7/8>++

)JG8DCHDA>96I:9;>C6C8>6AHI6I:B:CIH I=:G:A6I:9CDI:HI=:G:ID 6C9I=:G:EDGIHD;>C9:E:C9:CI688DJCI6CIH6G:>C8AJ9:9>CI=>H 6CCJ6AG:EDGI7:<>CC>C

A2: 2+81/=38+8.3=+1=A3>2--9?8>+8>=98--9?8>381+8.38+8-3+63=-69=?

(DC:

A2: 98><96=+8.!<9-/.?

<;09B@6<;&24.?16;4A523320A6C2;2@@<36@09<@B?2<;A?<9@.;1$?<021B?2@

H D; I=: :C9 D; I=: E:G>D9 8DK:G:9 7N I=>H G:EDGI JC9:G I=: HJE:GK>H>DC 6C9 L>I= I=: E6GI>8>E6I>DC D; DJG B6C6<:B:CI >C8AJ9>C< DJG =>:; M:8JI>K: );;>8:G 6C9 =>:; >C6C8>6A );;>8:G L: =6K: :K6AJ6I:9 I=: :;;:8I>K:C:HH D; I=: 9:H>DCD;9>H8ADHJG:8DCIGDAH6C9EGD8:9JG:HL>I=G:HE:8IIDI=:>C;DGB6I>DC<:C:G6I:9;DGJH:>CI=>H6CCJ6AG:EDGI .=: :K6AJ6I>DCL6H76H:9JEDCG:EDGIH6C98:GI>;>86I>DCHEGDK>9:97N6CJB7:GD;:M:8JI>K:H 6H:9DC 6C96HD;I=:96I:D;I=6I :K6AJ6I>DC DJG=>:; M:8JI>K:);;>8:G6C9=>:; >C6C8>6A);;>8:G8DC8AJ9:9I=6II=:9>H8ADHJG:8DCIGDAH6C9EGD8:9JG:HL:G: :;;:8I>K:IDEGDK>9:G:6HDC67A:6HHJG6C8:HI=6I>C;DGB6I>DCG:FJ>G:9ID7:9>H8ADH:9>CI=:G:EDGIHL:;>A:DGHJ7B>IJC9:GI=: -:8JG>I>:H M8=6C<: 8I D; >H G:8DG9:9 EGD8:HH:9 HJBB6G>O:9 6C9 G:EDGI:9 L>I=>C I=: I>B: E:G>D9H HE:8>;>:9 >C I=: - XHGJA:H6C9;DGBH

#C 9:H>C< 6C9 :K6AJ6I>C< I=: 9>H8ADHJG: 8DCIGDAH 6C9 EGD8:9JG:H DJG B6C6<:B:CI G:8DO:9 I=6I 6CN 8DCIGDAH 6C9 EGD8:9JG:H CDB6II:G=DLL:AA9:H>9:DCANG:6HDC67A: CDI67HDAJI: 6HHJG6C8:D;68=>:K>CG:9 8DCIGDA D7?:8I>K:H 6C9 B6C6<:B:CI C:8:HH6G>AN L6H G:FJ>G:9 ID 6EEAN >IH ?J9C :K6AJ6I>C< I=: 8DHI 7:C:;>I G:A6I>DCH=>ED;EDHH>7A:8DCIGDAH6C9EGD8:9JG:H 6H:9JEDCI=:67DK::K6AJ6I>DC L:7:A>:K:I=6IDJG8DCIGDAHEGDK>9:HJ8= G:6HDC67A:6HHJG6C8:H

JG>C< I=: FJ6GI:G :C9:9 :8:B7:G I=:G: L6H CD 8=6C<: >C DJG >CI:GC6A 8DCIGDA DK:G ;>C6C8>6A G:EDGI>C< I=6I =6H B6I:G>6AAN6;;:8I:9 DG>HG:6HDC67ANA>@:ANIDB6I:G>6AAN6;;:8I DJG>CI:GC6A8DCIGDADK:G;>C6C8>6AG:EDGI>C<

!.;.42:2;AI@&2=

)JGB6C6<:B:CI>HG:HEDCH>7A:;DG:HI67A>H=>C<6C9B6>CI6>C>C<69:FJ6I:>CI:GC6A8DCIGDADK:G;>C6C8>6AG:EDGI>C<6H9:;>C:9 >C,JA:6 ;JC9:GI=: M8=6C<:8I;DGI=:DBE6CN )JG>CI:GC6A8DCIGDAHNHI:BL6H9:H>9:G:6HDC67A: 6HHJG6C8: ID DJG B6C6<:B:CI 6C9 7D6G9 D; 9>G:8IDGH G:<6G9>C< I=: EG:E6G6I>DC 6C9 ;6>G EG:H:CI6I>DC D; EJ7A>H=:9 ;>C6C8>6A HI6I:B:CIH

'6C6<:B:CI=6H6HH:HH:9I=::;;:8I>K:C:HHD;DJG>CI:GC6A8DCIGDADK:G;>C6C8>6AG:EDGI>C<6HD;:8:B7:G #CB6@>C< I=>H6HH:HHB:CI L:JH:9I=:8G>I:G>6H:I;DGI=7NI=:DBB>II::D;-EDCHDG>C<)G<6C>O6I>DCHD;I=:.G:69L6NDBB>HH>DC V)-)W>C"'%" #"'%# ."'%'%!*#% 6H:9DCB6C6<:B:CIXH6HH:HHB:CIJI>A>O>CI:G>6L: 7:A>:K:I=6I 6HD;:8:B7:G DJG>CI:GC6A8DCIGDADK:G;>C6C8>6AG:EDGI>CK:

 )JG>C9:E:C9:CI6J9>IDGH %*'!&&* =6K:6J9>I:9DJG>CI:GC6A8DCIGDADK:G;>C6C8>6AG:EDGI>C<6HHI6I:9>CI=:>GG:EDGIDC E6<: 

A2: >2/<809<7+>398

(DC:

 $&(

A2: 39<=B/-?>3@/ 003-/<=+8.9<:9<+>/9@/<8+8-/

.=: >C;DGB6I>DC G:FJ>G:9 7N #I:B L>AA 7: >C8AJ9:9 >C I=: *GDMN -I6I:B:CI JC9:G I=: =:69>CDC D; A6HH >G:8IDGH W V-:8I>DC 6 :C:;>8>6A )LC:GH=>E ,:EDGI>C< ,:FJ>G:B:CIH W 6C9 VD9: D; I=>8H W DG >C 6B:C9B:CI ID I=>H CCJ6A,:EDGIDC DGB %6C9>H>C8DGEDG6I:9=:G:>C7NG:;:G:C8:

A2: B/-?>3@/97:/8=+>398 .=:>C;DGB6I>DCG:FJ>G:97N#I:BL>AA7:>C8AJ9:9>CI=:*GDMN-I6I:B:CIJC9:GI=:=:69>CK:DBE:CH6I>DC W V A:8I>DCD;A6HH>G:8IDGHT>G:8IDGDBE:CH6I>DCW6C9VDBE:CH6I>DC>H8JHH>DC6C9C6ANH>H WDG>C6C6B:C9B:CIID I=>HCCJ6A,:EDGIDC DGB %6C9>H>C8DGEDG6I:9=:G:>C7NG:;:G:C8: #C;DGB6I>DC8DCI6>C:9>CI=:*GDMN-I6I:B:CIDG6C 6B:C9B:CI ID I=>H CCJ6A ,:EDGI DC DGB % JC9:G I=: 86EI>DC V,:EDGI D; DBE:CH6I>DC 6C9 :C:;>IH DBB>II::W >H ;JGC>H=:96C9CDI9::B:9;>A:9L>I=I=:-

A2: $/-?<3>C A8/<=23:90/<>+38/8/03-3+6 A8/<=+8.+8+1/7/8>+8.#/6+>/.$>9-5296./<+>>/<= .=:>C;DGB6I>DCG:FJ>G:97N#I:BL>AA7:>C8AJ9:9>CI=:*GDMN-I6I:B:CIJC9:GI=:=:69>CIN)LC:GH=>ED;:GI6>C :C:;>8>6A )LC:GH 6C9 '6C6<:B:CIW DG >C 6B:C9B:CI ID I=>H CCJ6A ,:EDGI DC DGB % 6C9 >H >C8DGEDG6I:9 =:G:>C 7N G:;:G:C8:

A2: /<>+38#/6+>398=23:=+8.#/6+>/.%<+8=+->398=+8.39<8./:/8./8-/ .=:>C;DGB6I>DCG:FJ>G:97N#I:BL>AA7:>C8AJ9:9>CI=:*GDMN-I6I:B:CIJC9:GI=:=:69>CC,:A6I>DCH=>EH6C9 ,:A6I:9 .G6CH68I>DCHW 6C9 V A:8I>DC D; A6HH >G:8IDGHW DG >C 6B:C9B:CI ID I=>H CCJ6A ,:EDGI DC DGB % 6C9 >H >C8DGEDG6I:9=:G:>C7NG:;:G:C8:

A2: !<38-3:+6--9?8>381//=+8.$/<@3-/= .=:>C;DGB6I>DCG:FJ>G:97N#I:BL>AA7:>C8AJ9:9>CI=:*GDMN-I6I:B:CIJC9:GI=:=:69>CC<'6II:GHWDG>C 6B:C9B:CIIDI=>HCCJ6A,:EDGIDC DGB %6C9>H>C8DGEDG6I:9=:G:>C7NG:;:G:C8:

$&(*

A2: B23,3>=+8.38+8-3+6$>+>/7/8>$-2/.?6/=

6 .=:;DAADL>C<9D8JB:CIH6G:;>A:96HE6GID;I=>H6CCJ6AG:EDGI

 >C6C8>6A-I6I:B:CIH

 A>HI>C< D; I=: ;>C6C8>6A HI6I:B:CIH CDI:H 6C9 G:EDGIH D; >C9:E:C9:CI EJ7A>8 688DJCI6CIH G:FJ>G:9 7N *6GI ## #I:B >C6C8>6A-I6I:B:CIH6C9-JEEA:B:CI6GN6I67:<>CHDCE6<: D;I=>H6CCJ6AG:EDGI

 >C6C8>6A-I6I:B:CI-8=:9JA:H

(D;>C6C8>6AHI6I:B:CIH8=:9JA:H6G:G:FJ>G:9ID7:;>A:97N#I:BH6C987:86JH:I=:N6G:CDIG:FJ>G:9DG6G: CDI6EEA>867A: DGI=:G:FJ>G:9>C;DGB6I>DC>HH:I;DGI=>CI=:6EEA>867A:;>C6C8>6AHI6I:B:CIHDGCDI:HI=:G:ID

 .=:>C9:MIDI=::M=>7>IH7:<>CHDCE6<: D;I=>H6CCJ6AG:EDGI

 '"()&'

*JGHJ6CIIDI=:G:FJ>G:B:CIHD;-:8I>DCDG9D;I=:-:8JG>I>:H M8=6C<:8ID; =6GI:GDBBJC>86I>DCH #C8 =6H 9JAN86JH:9I=>H6CCJ6AG:EDGIID7:H>IH7:=6A;7NI=:JC9:GH>O:9

",. ,)''/(#.#)(- #( ,:<>HIG6CI

N H.=DB6H' ,JIA:9<: .=DB6H' ,JIA:9<: =6>GB6C6C9=>:; M:8JI>K:);;>8:G 6I:$6CJ6GN 

- $#+&#((#&"-

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

*JGHJ6CI ID I=: G:FJ>G:B:CIH D; I=: -:8JG>I>:H M8=6C<: 8I D; I=>H G:EDGI =6H 7::C H>C< E:GHDCHDC7:=6A;D;=6GI:GDBBJC>86I>DCH #C8 6C9>CI=:86E68>I>:H6C9DCI=:96I:H>C9>86I:9 '64;.AB?2 (6A92 .A2

H.=DB6H' ,JIA:9<: =6>GB6C =>:; M:8JI>K:);;>8:G >G:8IDG $6CJ6GN .=DB6H' ,JIA:9<: *G>C8>E6A M:8JI>K:);;>8:G

H=G>HIDE=:G& 1>C;G:N =>:; >C6C8>6A);;>8:G*G>C8>E6A >C6C8>6A);;>8:G $6CJ6GN =G>HIDE=:G& 1>C;G:N

H%:K>C "DL6G9 M:8JI>K:0>8:*G:H>9:CI =>:;88DJCI>C<);;>8:G $6CJ6GN %:K>C "DL6G9 6C9DCIGDAA:G*G>C8>E6A88DJCI>C<);;>8:G

H G>8& 4>CI:G=D;:G >G:8IDG $6CJ6GN G>8& 4>CI:G=D;:G

H1 &6C8:DCC >G:8IDG $6CJ6GN 1 &6C8:DCC

H%>B !DD9B6C >G:8IDG $6CJ6GN %>B !DD9B6C

HG6>< $68D7HDC >G:8IDG $6CJ6GN G6>< $68D7HDC

H!G: >G:8IDG $6CJ6GN !G:

H$D=C '6G@A:N $G >G:8IDG $6CJ6GN $D=C '6G@A:N $G

H6K>9 ':GG>II >G:8IDG $6CJ6GN 6K>9 ':GG>II

H$6B:H ':N:G >G:8IDG $6CJ6GN $6B:H ':N:G

H-I:K:C'>GDC >G:8IDG $6CJ6GN -I:K:C'>GDC

H6A6C(6>G >G:8IDG $6CJ6GN 6A6C(6>G

H'>8=6:A(:L=DJH: >G:8IDG $6CJ6GN '>8=6:A(:L=DJH:

H'6JG>8>D,6BDH >G:8IDG $6CJ6GN '6JG>8>D,6BDH

- E56/6A;12E

M=>7>IH6G:A>HI:97NCJB7:GH8DGG:HEDC9>C7>I.67A:D;#I:B>C,:DC- % E56/6A 2@0?6=A6<;

B: 16GC:G 67A: #C8 =6GI:G DBBJC>86I>DCH #C8 "# && (>C6DGEDG6I>DC# #C8 (>C6DBE6CN## &&6C9(>C6DBE6CN### && >C8DGEDG6I:9 7N G:;:G:C8: ID M=>7>I ID I=: 8JGG:CI G:EDGI DC DGB % ;>A:9 7N =6GI:G DBBJC>86I>DCH #C8 DC'6N >A:(D DCIG>7JI>DC E (* "DA9>C86I>DCH #C8 "# && 6C9=6GI:GDBBJC>86I>DCH"DA9>C<DBE6CN && >C8DGEDG6I:9 7N G:;:G:C8: ID M=>7>I ID I=: 8JGG:CI G:EDGI DC DGB % ;>A:9 7N =6GI:G DBBJC>86I>DCH #C8 DCEG>A >A:(D B:C9:96C9,:HI6I:9:GI>;>86I:D;#C8DGEDG6I>DCD;=6GI:GDBBJC>86I>DCH #C8 >C8DGEDG6I:97NG:;:G:C8: ID M=>7>I IDI=:8JGG:CIG:EDGIDC DGB %D;=6GI:GDBBJC>86I>DCH #C8 ;>A:9DC'6N >A: (D N A6LHD;=6GI:GDBBJC>86I>DCH #C8 6HD;'6N >C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=: 8JGG:CIG:EDGIDC DGB %D;=6GI:GDBBJC>86I>DCH #C8 ;>A:9DC'6N >A:(D >GHIB:C9B:CIIDNA6LHD;=6GI:GDBBJC>86I>DCH #C8 96I:9$JAN >C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=:8JGG:CIG:EDGIDC DGB %D;=6GI:GDBBJC>86I>DCH #C8 ;>A:9DC$JAN >A:(D 6 B:C9:9 6C9 ,:HI6I:9 -ID8@=DA9:GH 86I>DCH #C8 &>7:GIN GD6976C9 DGEDG6I>DC 6C9 9K6C8:(:L=DJH: *6GIC:GH=>E >C8DGEDG6I:9 7N G:;:G:C8:ID M=>7>I IDI=:8JGG:CIG:EDGIDC DGB %;>A:97N=6GI:GDBBJC>86I>DCH #C8 DCEG>A >A:(D 7 -:8DC9 B:C9:9 6C9 ,:HI6I:9 -ID8@=DA9:GH 86I>DCH #C8 " # && &>7:GIN GD6976C9 DGEDG6I>DC 6C9 9K6C8:(:L=DJH: *6GIC:GH=>E >C8DGEDG6I:97NG:;:G:C8:IDCC:MIDI=:G:<>HIG6I>DCHI6I:B:CIDC DGB- ;>A:97N"# &&DC$JC: >A:(D #C9:CIJG:96I:96HD;(DK:B7:G 7N6C96BDC<)"DA9>CCI6ADGE 6C9 )"-6;6G> && 6H#HHJ:GH =6GI:GDBBJC>86I>DCH #C8 6H*6G:CI!J6G6CIDG 6C9.=:6C@D;(:L3DG@ ':AADC.GJHIDBE6CN ( 6H.GJHI::>C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=:8JGG:CIG:EDGIDC DGB %D;=6GI:GDBBJC>86I>DCH #C8 ;>A:9DC(DK:B7:G >A:(D >;I=-JEEA:B:CI6A#C9:CIJG: 96I:96HD;EG>A 6BDC<)"DA9>CCI6A DGE =6GI:GDBBJC>86I>DCH #C8 6HC8DGEDG6I:9 7N G:;:G:C8: ID M=>7>I ID I=: 8JGG:CI G:EDGI DC DGB % ;>A:9 7N =6GI:G DBBJC>86I>DCH #C8 DCEG>A >A:(D M8=6C<:6C9,:<>HIG6I>DC,><=IHCDG(DI:H9J: 96I:96HD;EG>A 6BDC< ) "DA9>CCI6A DGE =6GI:G DBBJC>86I>DCH #C8 6H I-J>HH:-:8JG>I>:H/-&& :JIH8=:6C@-:8JG>I>:H#C8 !DA9B6C -68=HD 6C9 ':GG>AA&NC8= *>:G8: :CC:G-B>I=#C8DGEDG6I:9 6HG:EG:H:CI6I>K:HD;I=:H:K:G6A*JG8=6H:GH6H9:;>C:9 I=:G:>C >C8DGEDG6I:9 7N G:;:G:C8: ID M=>7>I ID I=: 8JGG:CI G:EDGI DC DGB % ;>A:9 7N =6GI:G DBBJC>86I>DCH #C8 DCEG>A >A:(D #C9:CIJG: 96I:96HD;$JAN 6BDC<=6GI:GDBBJC>86I>DCH)E:G6I>C< && =6GI:GDBBJC>86I>DCH )E:G6I>C< 6E>I6A DGE 6C9 ) -6;6G> ## && 6H >HHJ:GH 6C9 .=: 6C@ D; (:L 3DG@ ':AADC .GJHI DBE6CN ( 6HIGJHI::6C98DAA6I:G6A6<:CI>C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=:8JGG:CIG:EDGIDC DGB %;>A:97N=6GI:GDBBJC>86I>DCH #C8 DC$JAN >A:(D M8=6C<:6C9,:<>HIG6I>DC,><=IHCDG-:8JG:9(DI:H 9J: -:C>DG -:8JG:9 (DI:H 9J: -:C>DG -:8JG:9 (DI:H 9J: -:C>DG -:8JG:9(DI:H9J: -:C>DG-:8JG:9(DI:H9J:6C9 -:C>DG-:8JG:9(DI:H9J: 7:IL::C)-6;6G>## &&6C9!DA9B6C -68=HD G:9>I-J>HH:-:8JG>I>:H/-&& ':GG>AA&NC8= *>:G8: :CC:G-B>I=#C8DGEDG6I:9 :JIH8=:6C@-:8JG>I>:H#C8 6C9/--:8JG>I>:H&& 6HG:EG:H:CI6I>K:H D;I=:H:K:G6A*JG8=6H:GH6H9:;>C:9I=:G:>C>C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=:8JGG:CIG:EDGIDC DGB %;>A:97N=6GI:GDBBJC>86I>DCH #C8 DC$JAN >A:(D #C9:CIJG: 96I:9 6H D; (DK:B7:G 6BDC< ) "DA9>CCI6A DGE 6C9 )" -6;6G> && 6H >HHJ:GH 6C9 .=: 6C@ D; (:L 3DG@ ':AADC .GJHI DBE6CN ( 6H IGJHI:: >C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=:8JGG:CIG:EDGIDC DGB %;>A:97N=6GI:GDBBJC>86I>DCH #C8 DC(DK:B7:G >A:(D

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

->MI= -JEEA:B:CI6A #C9:CIJG: 96I:9 6H D; $JAN 6BDC< =6GI:G DBBJC>86I>DCH )E:G6I>C< && =6GI:G DBBJC>86I>DCH )E:G6I>C< 6E>I6A DGE I=: C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=: 8JGG:CIG:EDGIDC DGB %;>A:97N=6GI:GDBBJC>86I>DCH #C8 DC$JAN >A:(D M8=6C<: 6C9 ,:<>HIG6I>DC ,><=IH C< ID I=: -:C>DG (DI:H 9J: 6BDC<=6GI:GDBBJC>86I>DCH)E:G6I>C< && =6GI:GDBBJC>86I>DCH)E:G6I>C<6E>I6ADGE I=: AA &NC8= *>:G8: :CC:G -B>I= #C8DGEDG6I:9 6H G:EG:H:CI6I>K: D; I=: H:K:G6A*JG8=6H:GH6H9:;>C:9I=:G:>C>C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=:8JGG:CIG:EDGIDC DGB %;>A:97N=6GI:GDBBJC>86I>DCH #C8 DC$JAN >A:(D M8=6C<: 6C9 ,:<>HIG6I>DC ,><=IH C< ID I=: -:C>DG (DI:H 9J: 6BDC<=6GI:GDBBJC>86I>DCH)E:G6I>C< && =6GI:GDBBJC>86I>DCH)E:G6I>C<6E>I6ADGE I=: AA &NC8= *>:G8: :CC:G -B>I= #C8DGEDG6I:9 6H G:EG:H:CI6I>K: D; I=: H:K:G6A*JG8=6H:GH6H9:;>C:9I=:G:>C>C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=:8JGG:CIG:EDGIDC DGB %;>A:97N=6GI:GDBBJC>86I>DCH #C8 DC$JAN >A:(D DJGI=-JEEA:B:CI6A#C9:CIJG: 96I:96HD;JCCI6A DGE 6C9.=:6C@D;(:L3DG@':AADC.GJHIDBE6CN ( 6HIGJHI::>C8DGEDG6I:97NG:;:G:C8:ID M=>7>I ID I=: 8JGG:CI G:EDGI DC DGB % ;>A:9 7N =6GI:G DBBJC>86I>DCH #C8 DC JA: (D M8=6C<:6C9,:<>HIG6I>DC,><=IHCDG(DI:H9J: 6BDC<)"DA9>CCI6ADGE 6C9':GG>AA&NC8= *>:G8: :CC:G-B>I= #C8DGEDG6I:9 6H G:EG:H:CI6I>K: D; I=: H:K:G6A *JG8=6H:GH 6H 9:;>C:9 I=:G:>C >C8DGEDG6I:9 7N G:;:G:C8: ID M=>7>I IDI=:8JGG:CIG:EDGIDC DGB %;>A:97N=6GI:GDBBJC>86I>DCH #C8 DCJA: (D -:K:CI=-JEEA:B:CI6A#C9:CIJG: 96I:96HD;-:EI:B7:G 6BDC<=6GI:GDBBJC>86I>DCH)E:G6I>C< && =6GI:G DBBJC>86I>DCH )E:G6I>C< 6E>I6A DGE I=: C8DGEDG6I:97NG:;:G:C8:ID M=>7>I ID I=: 8JGG:CI G:EDGI DC DGB % ;>A:9 7N =6GI:G DBBJC>86I>DCH #C8 DC -:EI:B7:G >A: (D M8=6C<:6C9,:<>HIG6I>DC,><=IHCDG-:8JG:9 (DI:H9J: 6BDC<=6GI:GDBBJC>86I>DCH)E:G6I>C< && =6GI:GDBBJC>86I>DCH)E:G6I>C<6E>I6A DGE I=: AA &NC8= *>:G8: :CC:G -B>I= #C8DGEDG6I:9 6C9 >I>K:HD;I=:H:K:G6A*JG8=6H:GH6H9:;>C:9I=:G:>C>C8DGEDG6I:97NG:;:G:C8: ID M=>7>I IDI=:8JGG:CIG:EDGIDC DGB %;>A:97N=6GI:GDBBJC>86I>DCH #C8 DC-:EI:B7:G >A:(D M8=6C<:6C9,:<>HIG6I>DC,><=IHCDG-:8JG:9 (DI:H9J: 6BDC<=6GI:GDBBJC>86I>DCH)E:G6I>C< && =6GI:GDBBJC>86I>DCH)E:G6I>C<6E>I6A DGE I=: AA &NC8= *>:G8: :CC:G -B>I= #C8DGEDG6I:9 6C9 >I>K:HD;I=:H:K:G6A*JG8=6H:GH6H9:;>C:9I=:G:>C>C8DGEDG6I:97NG:;:G:C8: ID M=>7>I IDI=:8JGG:CIG:EDGIDC DGB %;>A:97N=6GI:GDBBJC>86I>DCH #C8 DC-:EI:B7:G >A:(D >;I= -JEEA:B:CI6A #C9:CIJG: 96I:9 6H D; )8ID7:G 6BDC< ) "DA9>CCI6ADGE 6C9.=:6C@D;(:L3DG@':AADC.GJHIDBE6CN ( 6HIGJHI::>C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=:8JGG:CIG:EDGIDC DGB %;>A:97N=6GI:GDBBJC>86I>DCH #C8 DC)8ID7:G >A: (D M8=6C<:6C9,:<>HIG6I>DC,><=IHCDG(DI:H9J: 6BDC<)"DA9>CCI6ADGE 6C9':GG>AA&NC8= *>:G8: :CC:G-B>I= #C8DGEDG6I:9 6H G:EG:H:CI6I>K: D; I=: H:K:G6A *JG8=6H:GH 6H 9:;>C:9 I=:G:>C >C8DGEDG6I:9 7N G:;:G:C8: ID M=>7>I IDI=:8JGG:CIG:EDGIDC DGB %;>A:97N=6GI:GDBBJC>86I>DCH #C8 DC)8ID7:G >A: (D M8=6C<:6C9,:<>HIG6I>DC,><=IHCDG(DI:H9J: 6BDC<)"DA9>CCI6ADGE 6C9':GG>AA&NC8= *>:G8: :CC:G-B>I= #C8DGEDG6I:9 6H G:EG:H:CI6I>K: D; I=: H:K:G6A *JG8=6H:GH 6H 9:;>C:9 I=:G:>C >C8DGEDG6I:9 7N G:;:G:C8: ID M=>7>I IDI=:8JGG:CIG:EDGIDC DGB %;>A:97N=6GI:GDBBJC>86I>DCH #C8 DC)8ID7:G >A: (D ><=I= -JEEA:B:CI6A #C9:CIJG: 96I:9 6H D; :8:B7:G 6BDC< =6GI:G DBBJC>86I>DCH )E:G6I>C< && =6GI:GDBBJC>86I>DCH)E:G6I>C<6E>I6ADGE )"DA9>C9>6GN:H I=:G:ID 6C9 .=: 6C@ D; (:L 3DG@ ':AADC .GJHI DBE6CN ( 6H IGJHI:: >C8DGEDG6I:9 7N G:;:G:C8: ID M=>7>I IDI=:8JGG:CIG:EDGIDC DGB- ;>A:97N=6GI:GDBBJC>86I>DCH #C8 DC:8:B7:G >A: (D

/C9:GLG>I>C<A 6BDC<=6GI:GDBBJC>86I>DCH)E:G6I>C< && =6GI:G DBBJC>86I>DCH)E:G6I>C<6E>I6ADGE )"DA9>C9>6GNI>I>:H#C8 6HG:EG:H:CI6I>K:HD;I=: H:K:G6AJC9:GLG>I:GHC6B:9I=:G:>C>C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=:8JGG:CIG:EDGIDC DGB % ;>A:97N=6GI:GDBBJC>86I>DCH #C8 DCEG>A >A:(D (>CI= -JEEA:B:CI6A #C9:CIJG: 96I:9 6H D; EG>A 6BDC< =6GI:G DBBJC>86I>DCH )E:G6I>C< && =6GI:GDBBJC>86I>DCH)E:G6I>C<6E>I6ADGE 6H>HHJ:GH )"DA9>C9>6GNC8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=:8JGG:CIG:EDGIDC DGB %;>A:97N=6GI:GDBBJC>86I>DCH #C8 DCEG>A >A:(D /C9:GLG>I>C<86I>DCH)E:G6I>C< && =6GI:G DBBJC>86I>DCH)E:G6I>C<6E>I6ADGE )"DA9>C9>6GNI>K:H D; I=: H:K:G6AJC9:GLG>I:GHC6B:9I=:G:>C>C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=:8JGG:CIG:EDGIDC DGB % ;>A:97N=6GI:GDBBJC>86I>DCH #C8 DC$JAN >A:(D .:CI= -JEEA:B:CI6A #C9:CIJG: 96I:9 6H D; $JAN 6BDC< =6GI:G DBBJC>86I>DCH )E:G6I>C< && =6GI:GDBBJC>86I>DCH)E:G6I>C<6E>I6ADGE 6H>HHJ:GH )"DA9>C9>6GNC8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=:8JGG:CIG:EDGIDC DGB %;>A:97N=6GI:GDBBJC>86I>DCH #C8 DC$JAN >A:(D /C9:GLG>I>C<86I>DCH)E:G6I>C< && =6GI:G DBBJC>86I>DCH)E:G6I>C<6E>I6ADGE )"DA9>C9>6GNI:G>C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=: 8JGG:CIG:EDGIDC DGB %;>A:97N=6GI:GDBBJC>86I>DCH #C8 DCJA:(D /C9:GLG>I>C< 86I>DCH )E:G6I>C< && =6GI:G DBBJC>86I>DCH )E:G6I>C< 6E>I6A DGE ) "DA9>C9>6GN I>I>:H#C8 6HG:EG:H:CI6I>K:H D;I=:H:K:G6AJC9:GLG>I:GHC6B:9I=:G:>C>C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=:8JGG:CIG:EDGIDC DGB %;>A:97N=6GI:GDBBJC>86I>DCH #C8 DC$6CJ6GN >A:(D .L:A;I= -JEEA:B:CI6A #C9:CIJG: 96I:9 6H D; $6CJ6GN 6BDC< =6GI:G DBBJC>86I>DCH )E:G6I>C< && =6GI:G DBBJC>86I>DCH )E:G6I>C< 6E>I6A DGE 6H >HHJ:GH ) "DA9>C9>6GN C8DGEDG6I:9 7N G:;:G:C8: ID M=>7>I ID I=: 8JGG:CI G:EDGI DC DGB % ;>A:9 7N =6GI:G DBBJC>86I>DCH #C8 DC$6CJ6GN >A:(D #C9:CIJG: 96I:96HD;'6N 6BDC<)"DA9>CCI6ADGE 6C9.=:6C@ D;(:L3DG@':AADC.GJHIDBE6CN ( 6HIGJHI::>C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=:8JGG:CI G:EDGIDC DGB %;>A:97N=6GI:GDBBJC>86I>DCH #C8 DC'6N >A:(D >GHI-JEEA:B:CI6A#C9:CIJG: 96I:96HD;'6N 6BDC<)"DA9>CCI6A DGE 6C9.=:6C@D;(:L3DG@':AADC.GJHIDBE6CN ( 6HIGJHI::>C8DGEDG6I:97NG:;:G:C8:ID M=>7>I ID I=: 8JGG:CI G:EDGI DC DGB % ;>A:9 7N =6GI:G DBBJC>86I>DCH #C8 DC '6N >A: (D DGBD; -:C>DG(DI:H9J:>C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=:8JGG:CIG:EDGIDC DGB %;>A:97N=6GI:GDBBJC>86I>DCH #C8 DC'6N >A:(D M8=6C<:6C9,:<>HIG6I>DC,><=IHCDG(DI:H9J: 6BDC< ) "DA9>CCI6A DGE 6C9 :JIH8=: 6C@ -:8JG>I>:H #C8 6H G:EG:H:CI6I>K:D;I=:H:K:G6A*JG8=6H:GH6H9:;>C:9I=:G:>C>C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=: 8JGG:CIG:EDGIDC DGB %;>A:97N=6GI:GDBBJC>86I>DCH #C8 DC'6N >A:(D /C9:GLG>I>C<86I>DCH)E:G6I>C< && =6GI:G DBBJC>86I>DCH)E:G6I>C<6E>I6ADGE )"DA9>C9>6GNI>I>:H&&6C9'DG<6C-I6CA:ND && 6HG:EG:H:CI6I>K:HD;I=:H:K:G6AJC9:GLG>I:GHC6B:9>C-8=:9JA:#I=:G:ID>C8DGEDG6I:97NG:;:G:C8:ID M=>7>I ID I=: 8JGG:CI G:EDGI DC DGB % ;>A:9 7N =6GI:G DBBJC>86I>DCH #C8 DC $JAN >A: (D DJGI::CI=-JEEA:B:CI6A#C9:CIJG: 96I:96HD;$JAN 6BDC<=6GI:GDBBJC>86I>DCH)E:G6I>C< && =6GI:GDBBJC>86I>DCH)E:G6I>C<6E>I6ADGE 6H>HHJ:GH )"DA9>C9>6GNC8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=:8JGG:CIG:EDGIDC DGB %;>A:97N=6GI:GDBBJC>86I>DCH #C8 DC$JAN >A:(D DGBD; -:C>DG-:8JG:9(DI:H9J:>C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=:8JGG:CIG:EDGI DC DGB %;>A:97N=6GI:GDBBJC>86I>DCH #C8 DC$JAN >A:(D

M8=6C<: 6C9 ,:<>HIG6I>DC ,><=IH C< ID I=: -:C>DG (DI:H 9J: 6BDC< ) "DA9>CCI6A DGE 6C9 :JIH8=: 6C@ -:8JG>I>:H #C8 6H G:EG:H:CI6I>K:D;I=:H:K:G6A*JG8=6H:GH6H9:;>C:9I=:G:>C>C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=: 8JGG:CIG:EDGIDC DGB %;>A:97N=6GI:GDBBJC>86I>DCH #C8 DC$JAN >A:(D -:8DC9 -JEEA:B:CI6A #C9:CIJG: 96I:9 6H D; )8ID7:G 6BDC< ) "DA9>CCI6ADGE 6C9.=:6C@D;(:L3DG@':AADC.GJHIDBE6CN ( 6HIGJHI::>C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=:JGG:CI,:EDGIDC DGB %;>A:97N=6GI:GDBBJC>86I>DCH #C8 DC)8ID7:G DGBD; -:C>DG(DI:H9J:>C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=:JGG:CI,:EDGIDC DGB %;>A:97N=6GI:GDBBJC>86I>DCH #C8 DC)8ID7:G >A:(D M8=6C<:6C9,:<>HIG6I>DC,><=IHCDG(DI:H9J: 6BDC<)"DA9>CCI6ADGE 6C9D;-:8JG>I>:H #C8 6HG:EG:H:CI6I>K:D; I=:H:K:G6A*JG8=6H:GH6H9:;>C:9I=:G:>C>C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=:JGG:CI,:EDGIDC DGB %;>A:97N=6GI:GDBBJC>86I>DCH #C8 DC)8ID7:G >A:(D DGBD; -:C>DG(DI:H9J:>C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=:JGG:CI,:EDGIDC DGB %;>A:97N=6GI:GDBBJC>86I>DCH #C8 DC)8ID7:G >A:(D >;I::CI= -JEEA:B:CI6A #C9:CIJG: 96I:9 6H D; )8ID7:G 6BDC< =6GI:G DBBJC>86I>DCH )E:G6I>C< && =6GI:G DBBJC>86I>DCH )E:G6I>C< 6E>I6A DGE 6H >HHJ:GH ) "DA9>C9>6GN C8DGEDG6I:9 7N G:;:G:C8: ID M=>7>I ID I=: JGG:CI ,:EDGI DC DGB % ;>A:9 7N =6GI:G DBBJC>86I>DCH #C8 DC)8ID7:G >A:(D DGBD; -:C>DG-:8JG:9(DI:H9J:>C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=:JGG:CI,:EDGI DC DGB %;>A:97N=6GI:GDBBJC>86I>DCH #C8 DC)8ID7:G >A:(D M8=6C<:6C9,:<>HIG6I>DC,><=IHCDG(DI:H9J: 6BDC<)"DA9>CCI6ADGE 6C9D;-:8JG>I>:H #C8 6HG:EG:H:CI6I>K:D; I=:H:K:G6A*JG8=6H:GH6H9:;>C:9I=:G:>C>C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=:JGG:CI,:EDGIDC DGB %;>A:97N=6GI:GDBBJC>86I>DCH #C8 DC)8ID7:G >A:(D /C9:GLG>I>C< 86I>DCH )E:G6I>C< && =6GI:G DBBJC>86I>DCH )E:G6I>C< 6E>I6A DGE ) "DA9>C9>6GN I>:H#C8 '>OJ=D-:8JG>I>:H/-&&6C9'DG<6C-I6CA:N D && 6HG:EG:H:CI6I>K:HD;I=:H:K:G6AJC9:GLG>I:GHC6B:9>C-8=:9JA:#I=:G:ID>C8DGEDG6I:97NG:;:G:C8: ID M=>7>I IDI=:8JGG:CIG:EDGIDC DGB %;>A:97N=6GI:GDBBJC>86I>DCH #C8 DC:8:B7:G >A:(D DGBD; -:C>DG(DI:H9J:>C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=:JGG:CI,:EDGIDC DGB %;>A:97N=6GI:GDBBJC>86I>DCH #C8 DC:8:B7:G >A:(D DGBD; -:C>DG-:8JG:9(DI:H9J:>C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=:JGG:CI,:EDGI DC DGB %;>A:97N=6GI:GDBBJC>86I>DCH #C8 DC:8:B7:G >A:(D M8=6C<:6C9,:<>HIG6I>DC,><=IHCDG(DI:H 9J: 6BDC<)"DA9>CCI6ADGE 6C9>I>K:D;I=:H:K:G6A*JG8=6H:GH6H9:;>C:9I=:G:>C>C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=: JGG:CI ,:EDGI DC DGB % ;>A:9 7N =6GI:G DBBJC>86I>DCH #C8 DC :8:B7:G >A: (D .=>G9 -JEEA:B:CI6A #C9:CIJG: 96I:9 6H D; :7GJ6GN 6BDC< ) "DA9>CCI6ADGE 6C9.=:6C@D;(:L3DG@':AADC.GJHIDBE6CN ( 6HIGJHI::>C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=:JGG:CI,:EDGIDC DGB %;>A:97N=6GI:GDBBJC>86I>DCH #C8 DC :7GJ6GN >A:(D DGBD; -:C>DG(DI:H9J:>C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=:JGG:CI,:EDGIDC DGB %;>A:97N=6GI:GDBBJC>86I>DCH #C8 DC :7GJ6GN >A:(D M8=6C<:6C9,:<>HIG6I>DC,><=IHCDG(DI:H9J: 6BDC< ) "DA9>CCI6A DGE 6C9 :JIH8=: 6C@ -:8JG>I>:H #C8 6H G:EG:H:CI6I>K:D;I=:H:K:G6A*JG8=6H:GH6H9:;>C:9I=:G:>C>C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=: JGG:CI ,:EDGI DC DGB % ;>A:9 7N =6GI:G DBBJC>86I>DCH #C8 DC :7GJ6GN >A: (D DJGI= -JEEA:B:CI6A #C9:CIJG: 96I:9 6H D; '6G8= 6BDC< ) "DA9>CCI6ADGE 6C9.=:6C@D;(:L3DG@':AADC.GJHIDBE6CN ( 6HIGJHI::>C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=:JGG:CI,:EDGIDC DGB %;>A:97N=6GI:GDBBJC>86I>DCH #C8 DC'6G8= >A: (D DGBD; -:C>DG(DI:H9J:>C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=:JGG:CI,:EDGIDC DGB %;>A:97N=6GI:GDBBJC>86I>DCH #C8 DC'6G8= >A:(D

M8=6C<:6C9,:<>HIG6I>DC,><=IHCDG(DI:H 9J: 6BDC< ) "DA9>CCI6A DGE 6C9 :JIH8=: 6C@ -:8JG>I>:H #C8 6H G:EG:H:CI6I>K:D;I=:H:K:G6A*JG8=6H:GH6H9:;>C:9I=:G:>C>C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=: JGG:CI,:EDGIDC DGB %;>A:97N=6GI:GDBBJC>86I>DCH #C8 DC'6G8= >A:(D M8=6C<:6C9,:<>HIG6I>DC,><=IHCDG(DI:H 9J: 6BDC< ) "DA9>CCI6A DGE 6C9 :JIH8=: 6C@ -:8JG>I>:H #C8 6H G:EG:H:CI6I>K:D;I=:H:K:G6A*JG8=6H:GH6H9:;>C:9I=:G:>C>C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=: JGG:CI,:EDGIDC DGB %;>A:97N=6GI:GDBBJC>86I>DCH #C8 DC'6G8= >A:(D /C9:GLG>I>C<A 6BDC<=6GI:GDBBJC>86I>DCH)E:G6I>C< && =6GI:G DBBJC>86I>DCH)E:G6I>C<6E>I6ADGE )"DA9>C9>6GNI>:H #C8 $ * 'DG<6C -:8JG>I>:H && 6C9 'DG<6C -I6CA:N D && 6H G:EG:H:CI6I>K:HD;I=:H:K:G6AJC9:GLG>I:GHC6B:9>C-8=:9JA:#I=:G:ID>C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=:JGG:CI,:EDGIDC DGB %;>A:97N=6GI:GDBBJC>86I>DCH #C8 DCEG>A >A:(D ->MI::CI=-JEEA:B:CI6A#C9:CIJG: 96I:96HD;EG>A 6BDC<=6GI:GDBBJC>86I>DCH)E:G6I>C< && =6GI:GDBBJC>86I>DCH)E:G6I>C<6E>I6ADGE 6H>HHJ:GH )"DA9>C9>6GNC8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=:JGG:CI,:EDGIDC DGB %;>A:97N=6GI:GDBBJC>86I>DCH #C8 DCEG>A >A:(D DGBD; -:C>DG-:8JG:9(DI:H9J:>C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=:JGG:CI,:EDGI DC DGB %;>A:97N=6GI:GDBBJC>86I>DCH #C8 DCEG>A >A:(D DGBD; -:C>DG-:8JG:9(DI:H9J:>C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=:JGG:CI,:EDGI DC DGB %;>A:97N=6GI:GDBBJC>86I>DCH #C8 DCEG>A >A:(D >;I= -JEEA:B:CI6A #C9:CIJG: 96I:9 6H D; $JAN 6BDC< ) "DA9>CCI6A DGE 6C9.=:6C@D;(:L3DG@':AADC.GJHIDBE6CN ( 6HIGJHI::>C8DGEDG6I:97NG:;:G:C8:ID M=>7>I ID I=: JGG:CI ,:EDGI DC DGB % ;>A:9 7N =6GI:G DBBJC>86I>DCH #C8 DC $JAN >A: (D DGBD; -:C>DG(DI:H9J:>C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=:JGG:CI,:EDGIDC DGB %;>A:97N=6GI:GDBBJC>86I>DCH #C8 DC$JAN >A:(D M8=6C<: 6C9 ,:<>HIG6I>DC ,><=IH C< ID I=: -:C>DG (DI:H 9J: 6BDC< ) "DA9>CCI6A DGE 6C9 'DG<6C -I6CA:N D && 6H G:EG:H:CI6I>K:D;I=:H:K:G6A*JG8=6H:GH6H9:;>C:9I=:G:>C>C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=: JGG:CI,:EDGIDC DGB %;>A:97N=6GI:GDBBJC>86I>DCH #C8 DC$JAN >A:(D M8=6C<: 6C9 ,:<>HIG6I>DC ,><=IH C< ID I=: -:C>DG (DI:H 9J: 6BDC< ) "DA9>CCI6A DGE 6C9 'DG<6C -I6CA:N D && 6H G:EG:H:CI6I>K:D;I=:H:K:G6A*JG8=6H:GH6H9:;>C:9I=:G:>C>C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=: JGG:CI,:EDGIDC DGB %;>A:97N=6GI:GDBBJC>86I>DCH #C8 DC$JAN >A:(D M8=6C<:6C9,:<>HIG6I>DC,><=IHCDG(DI:H9J: 6BDC< ) "DA9>CCI6A DGE 6C9 :JIH8=: 6C@ -:8JG>I>:H #C8 6H G:EG:H:CI6I>K:D;I=:H:K:G6A*JG8=6H:GH6H9:;>C:9I=:G:>C>C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=: JGG:CI,:EDGIDC DGB %;>A:97N=6GI:GDBBJC>86I>DCH #C8 DC)8ID7:G >A:(D /C9:GLG>I>C< 86I>DCH )E:G6I>C< && =6GI:G DBBJC>86I>DCH )E:G6I>C< 6E>I6A DGE ) "DA9>C9>6GN I>:H#C8 $ * 'DG<6C-:8JG>I>:H&&6C9'DG<6C-I6CA:N D && 6HG:EG:H:CI6I>K:HD;I=:H:K:G6AJC9:GLG>I:GHC6B:9>C-8=:9JA:#I=:G:ID>C8DGEDG6I:97NG:;:G:C8: ID M=>7>I IDI=:JGG:CI,:EDGIDC DGB %;>A:97N=6GI:GDBBJC>86I>DCH #C8 DC:8:B7:G >A:(D ><=I::CI=-JEEA:B:CI6A#C9:CIJG: 96I:96HD;:8:B7:G 6BDC<=6GI:GDBBJC>86I>DCH)E:G6I>C< && =6GI:G DBBJC>86I>DCH )E:G6I>C< 6E>I6A DGE 6H >HHJ:GH ) "DA9>C9>6GN C8DGEDG6I:9 7N G:;:G:C8: ID M=>7>I ID I=: JGG:CI ,:EDGI DC DGB % ;>A:9 7N =6GI:G DBBJC>86I>DCH #C8 DC:8:B7:G >A:(D DGBD; -:C>DG-:8JG:9(DI:H9J:>C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=:JGG:CI,:EDGI DC DGB %;>A:97N=6GI:GDBBJC>86I>DCH #C8 DC:8:B7:G >A:(D DGBD; -:C>DG-:8JG:9(DI:H9J:>C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=:JGG:CI,:EDGI DC DGB %;>A:97N=6GI:GDBBJC>86I>DCH #C8 DC:8:B7:G >A:(D #C9:CIJG: 96I:96HD;EG>A I=:V.1 #C9:CIJG:W 6H6B:C9:97NI=: >GHI-JEEA:B:CI6A#C9:CIJG: 96I:96HD;$JC: 6BDC<.>B:16GC:G CI:GI6>CB:CIDBE6CN & * V.1 W .>B:16GC:G DBE6C>:H #C8 V.1#W 8:GI6>CD;.1#XHHJ7H>9>6G>:HI=6I6G:E6GI>:HI=:G:ID6C9.=:6C@D;(:L3DG@ 6H.GJHI::>C8DGEDG6I:9=:G:>C7NG:;:G:C8:ID M=>7>IH<6C9=ID.1#XH8JGG:CIG:EDGIDC DGB % 96I:9$JC: 6C9;>A:9L>I=I=:- DC$JAN >A:(D *

-:8DC9-JEEA:B:CI6A#C9:CIJG:IDI=:.1 #C9:CIJG: 96I:96HD;:8:B7:G 6BDC<.1 .1# 8:GI6>CD;.1#XHHJ7H>9>6G>:HI=6I6G:E6GI>:HI=:G:ID6C9.=:6C@D;(:L3DG@ 6H.GJHI::>C8DGEDG6I:9 =:G:>C7NG:;:G:C8:ID M=>7>I IDB:C9B:CI(D ID.1 XH,:<>HIG6I>DC-I6I:B:CIDC DGB- 96I:96C9 ;>A:9L>I=I=:- DC)8ID7:G ,:<>HIG6I>DC(D I=:V.1 )8ID7:G ,:<>HIG6I>DC -I6I:B:CIW * .=>G9-JEEA:B:CI6A#C9:CIJG:IDI=:.1 #C9:CIJG: 96I:96HD;)8ID7:G 6BDC<.1 .1# 8:GI6>CD;.1#XHHJ7H>9>6G>:HI=6I6G:E6GI>:HI=:G:ID6C9.=:6C@D;(:L3DG@ 6H.GJHI::>C8DGEDG6I:9 =:G:>C7NG:;:G:C8:ID M=>7>I IDI=:.1 )8ID7:G ,:<>HIG6I>DC-I6I:B:CI * DJGI=-JEEA:B:CI6A#C9:CIJG:IDI=:.1 #C9:CIJG: 96I:96HD;'6G8= 6BDC<.1 .1# 8:GI6>CD;.1#XHHJ7H>9>6G>:HI=6I6G:E6GI>:HI=:G:ID6C9.=:6C@D;(:L3DG@ 6H.GJHI::>C8DGEDG6I:9 =:G:>C7NG:;:G:C8:ID M=>7>I ID.1 XHCCJ6A,:EDGIDC DGB %;DGI=:N:6G:C9:9:8:B7:G 6C9;>A:9L>I=I=:- DC'6G8= >A:(D * >;I=-JEEA:B:CI6A#C9:CIJG:IDI=:.1 #C9:CIJG: 96I:96HD;:8:B7:G 6BDC<.1 .1# 8:GI6>CD;.1#XHHJ7H>9>6G>:HI=6I6G:E6GI>:HI=:G:ID6C9.=:6C@D;(:L3DG@ 6H.GJHI::>C8DGEDG6I:9 =:G:>C7NG:;:G:C8:ID M=>7>I ID.1 XHCCJ6A,:EDGIDC DGB %;DGI=:N:6G:C9:9:8:B7:G 6C9;>A:9L>I=I=:- DC'6G8= >A:(D * ->MI=-JEEA:B:CI6A#C9:CIJG:IDI=:.1 #C9:CIJG: 96I:96HD;-:EI:B7:G 6BDC<.1 .1# 8:GI6>C D; .1#XH HJ7H>9>6G>:H I=6I 6G: E6GI>:H I=:G:ID 6C9 .=: 6C@ D; (:L 3DG@ 6H .GJHI:: >C8DGEDG6I:9 =:G:>C7NG:;:G:C8:ID M=>7>I ID">HIDG>8.1#C8 XHV">HIDG>8.1WCCJ6A,:EDGIDC DGB %;DGI=: N:6G :C9:9 :8:B7:G 6C9 ;>A:9 L>I= I=: - DC '6G8= >A: (D I=: V.>B: 16GC:G DGB %W -:K:CI=-JEEA:B:CI6A#C9:CIJG:IDI=:.1 #C9:CIJG: 96I:96HD;:8:B7:G 6BDC<.1 .1# 8:GI6>C D; .1#XH HJ7H>9>6G>:H I=6I 6G: E6GI>:H I=:G:ID 6C9 .=: 6C@ D; (:L 3DG@ 6H .GJHI:: >C8DGEDG6I:9 =:G:>C7NG:;:G:C8:ID M=>7>I IDI=:.>B:16GC:G DGB % ><=I=-JEEA:B:CI6A#C9:CIJG:IDI=:.1 #C9:CIJG: 96I:96HD;:8:B7:G 6BDC<">HIDG>8.1 .1 16GC:GDBBJC>86I>DCH#C8 V1#W B:G>86C.:A:K>H>DC6C9DBBJC>86I>DCHDGEDG6I>DCV.W .16C9.=:6C@D;(:L3DG@ 6H.GJHI::>C8DGEDG6I:9=:G:>C7NG:;:G:C8:ID M=>7>I ID.>B:16GC:G #C8 XH V.>B: 16GC:GW CCJ6A ,:EDGI DC DGB % ;DG I=: N:6G :C9:9 :8:B7:G >A: (D (>CI= -JEEA:B:CI6A #C9:CIJG: ID I=: .1 #C9:CIJG: 96I:9 6H D; (DK:B7:G 6BDC< ">HIDG>8 .1 .1 .>B:16GC:G(367A:#C8 1# . .16C9.=:6C@D;(:L3DG@ 6H.GJHI::>C8DGEDG6I:9 =:G:>C 7N G:;:G:C8: ID M=>7>I ID .>B: 16GC:GXH +J6GI:GAN ,:EDGI DC DGB + ;DG I=: FJ6GI:G :C9:9 -:EI:B7:G >A:(D .:CI= -JEEA:B:CI6A #C9:CIJG: ID I=: .1 #C9:CIJG: 96I:9 6H D; )8ID7:G 6BDC< ">HIDG>8 .1 .1 .1(367A:"DA9>C<#C8 V.1(3W .>B:16GC:G(367A:&&V.1(367A:W .1 1# .6C9.=:6C@D;(:L3DG@ 6H.GJHI::>C8DGEDG6I:9=:G:>C7NG:;:G:C8:ID M=>7>I ID.>B:16GC:GXH 8JGG:CIG:EDGIDC DGB %96I:96C9;>A:9)8ID7:G >A:(D A:K:CI=-JEEA:B:CI6A#C9:CIJG:IDI=:.1 #C9:CIJG: 96I:96HD;(DK:B7:G 6BDC<.1 .1 (3 .16C9.=:6C@D;(:L3DG@ 6H.GJHI::>C8DGEDG6I:9=:G:>C7NG:;:G:C8:ID M=>7>I ID.>B: 16GC:GXH8JGG:CIG:EDGIDC DGB %96I:96C9;>A:9(DK:B7:G >A:(D .L:A;I=-JEEA:B:CI6A#C9:CIJG:IDI=:.1 #C9:CIJG: 96I:96HD;-:EI:B7:G 6BDC<.>B:16GC:G 67A: CI:GEG>H:H && V.1 W .1 .1 (3 .>B: 16GC:G 67A: #CI:GC:I "DA9>CCC< I=: #C9:CIJG: 96I:9 EG>A 6H6B:C9:9>C8DGEDG6I:9=:G:>C7NG:;:G:C8:ID M=>7>I ID.1XH8JGG:CIG:EDGIDC DGB % 96I:9 -:EI:B7:G 6C9 ;>A:9 L>I= I=: - DC )8ID7:G >A: (D I=: V.1 -:EI:B7:G DGB %W .=>GI::CI=-JEEA:B:CI6A#C9:CIJG: 96I:96HD;'6N 7N6C96BDC<.>B:16GC:G67A: CI:GEG>H:H && I=:C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=:8JGG:CIG:EDGIDC DGB %;>A:97N=6GI:G DBBJC>86I>DCH #C8 DC'6N >A:(D #C9:CIJG: 96I:96HD;EG>A I=:V.1#C9:CIJG:W 6BDC<.1 .1(3 .1 6C9.=:6C@D;(:L 3DG@ 6HIGJHI::>C8DGEDG6I:9=:G:>C7NG:;:G:C8:ID M=>7>I ID.1XH8JGG:CIG:EDGIDC DGB %96I:9 EG>A 6C9;>A:9L>I=I=:- DCEG>A >A:(D I=:V.1EG>A DGB %W >GHI-JEEA:B:CI6A#C9:CIJG:IDI=:.1#C9:CIJG: 96I:96HD;EG>A 6BDC<.1 .1(3 .1 6C9 .=:6C@D;(:L3DG@ 6HIGJHI::>C8DGEDG6I:9=:G:>C7NG:;:G:C8:ID M=>7>I IDI=:.1EG>A DGB % -:8DC9-JEEA:B:CI6A#C9:CIJG:IDI=:.1#C9:CIJG: 96I:96HD;-:EI:B7:G 6BDC<.1 .1(3 .1 .1#CI:GC:I"DA9>CCA 6H6B:C9:9>C8DGEDG6I:9=:G:>C7NG:;:G:C8:ID M=>7>I IDI=:.1-:EI:B7:G DGB %

.=>G9-JEEA:B:CI6A#C9:CIJG: 96I:96HD;'6N 7N6C96BDC<.>B:16GC:G67A:#C8 .1(:LD &&6C9.=:6C@D;(:L3DG@':AADC;DGB:GAN@CDLC6H.=:6C@D;(:L3DG@ 6HIGJHI::>C8DGEDG6I:9 7NG:;:G:C8:ID M=>7>I IDI=:8JGG:CIG:EDGIDC DGB %;>A:97N=6GI:GDBBJC>86I>DCH #C8 DC'6N >A:(D DJGI=-JEEA:B:CI6A#C9:CIJG: 96I:96HD;'6N 7N6C96BDC<.1(:LD&& I=:C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=:8JGG:CIG:EDGIDC DGB %;>A:97N=6GI:GDBBJC>86I>DCH #C8 DC'6N >A:(D DGBD;.1 M8=6C<::7:CIJG:H9J:>C8AJ9:96H M=>7>IIDI=: >GHI-JEEA:B:CI6A#C9:CIJG: >C8DGEDG6I:9=:G:>C7NG:;:G:C8:ID M=>7>I IDI=:.1EG>A DGB % DGB D; .1 :7:CIJG:H 9J: >C8DGEDG6I:9 =:G:>C 7N G:;:G:C8: ID M=>7>I ID I=: .1 $JC: DGB % DGBD;.1 :7:CIJG:H9J:>C8DGEDG6I:9=:G:>C7NG:;:G:C8:ID M=>7>I ID.1XH8JGG:CI G:EDGIDC DGB %96I:9$JC: 6C9;>A:9L>I=I=:- DC$JC: >A:(D DGB D; .1 :7:CIJG:H 9J: >C8DGEDG6I:9 =:G:>C 7N G:;:G:C8: ID M=>7>I ID I=: .1 (DK:B7:G DGB % DGBD;.1 (DI:9J:>C8DGEDG6I:9=:G:>C7NG:;:G:C8:ID M=>7>I ID.1XH8JGG:CIG:EDGI DC DGB %96I:96C9;>A:9L>I=I=:- DC'6N >A:(D DGBD;.1(DI:9J:>C8DGEDG6I:9=:G:>C7NG:;:G:C8:ID M=>7>I ID.1XH8JGG:CIG:EDGIDC DGB % 96I:9 -:EI:B7:G 6C9 ;>A:9 L>I= I=: - DC -:EI:B7:G >A: (D I=: V.1-:EI:B7:G DGB %W DGB D; .1 :7:CIJG: 9J: >C8DGEDG6I:9 =:G:>C 7N G:;:G:C8: ID M=>7>I ID I=: .1 -:EI:B7:G DGB % DGB D; .1 :7:CIJG: 9J: >C8DGEDG6I:9 =:G:>C 7N G:;:G:C8: ID M=>7>I ID .1XH 8JGG:CI G:EDGIDC DGB %96I:9JA:9L>I=I=:- DCJA:(D DGBD;.1 (DI:9J:>C8DGEDG6I:9=:G:>C7NG:;:G:C8:ID M=>7>I ID.1XH8JGG:CIG:EDGI DC DGB %96I:96C9;>A:9L>I=I=:- DC$JC: >A:(D DGBD; -:C>DG(DI:H9J:>C8DGEDG6I:9=:G:>C7NG:;:G:C8:ID M=>7>I IDI=:8JGG:CIG:EDGI DC DGB %D;=6GI:GDBBJC>86I>DCH #C8 ;>A:9EG>A B:C9B:CI(D 96I:96HD;JIA 7:IL::C =6GI:G DBBJC>86I>DCH )E:G6I>C< && 6H 7DGGDL:G ) "DA9>C86 ( 6H69B>C>HIG6I>K:6<:CI>C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=: 8JGG:CIG:EDGIDC DGB %D;=6GI:GDBBJC>86I>DCH #C8 ;>A:9DCJA:(D #C8G:B:CI6A8I>K6I>DC(DI>8: 96I:96HD;JK:G:97N=6GI:GDBBJC>86I>DCH)E:G6I>C< && )"DA9>C9>6GN86 ( 6H 9B>C>HIG6I>K: <:CI JC9:G I=: B:C9:9 6C9 ,:HI6I:9G:9>IA >C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=:8JGG:CI G:EDGIDC DGB %D;=6GI:GDBBJC>86I>DCH #C8 ;>A:9DCJA:(D H8GDLG:9>I### && 6H7DGGDL:G 6C96C@ D;B:G>86 ( 6H69B>C>HIG6I>K:6<:CI 6C9I=:A:C9:GHE6GINI=:G:ID>C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=:8JGG:CIG:EDGIDC DGB %D;=6GI:GDBBJC>86I>DCH #C8 ;>A:9DCJA:(D 6 ,:HI6I:B:CI86I>DCH)E:G6I>C< && )"DA9>C9>6GN86 ( 6H69B>C>HIG6I>K:6<:CI 6C9I=:A:C9:GHE6GINI=:G:ID>C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=:8JGG:CIG:EDGIDC DGB %D; =6GI:GDBBJC>86I>DCH #C8 ;>A:9DC'6N >A:(D 7 B:C9B:CI(D 96I:96HD;:8:B7:G IDI=:B:C9:96C9,:HI6I:9G:9>I86I>DCH)E:G6I>C< && ) "DA9>C86 ( 6H 9B>C>HIG6I>K: <:CI >C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=:8JGG:CIG:EDGIDC DGB %D;=6GI:GDBBJC>86I>DCH #C8 ;>A:9DC:8:B7:G >A:(D 8 ,:HI6I:B:CIIC#C8G:B:CI6A8I>K6I>DC(DI>8:(D 96I:96HD; $6CJ6GN 7N6C96BDC<=6GI:GDBBJC>86I>DCH)E:G6I>C< && )"DA9>C86 ( 6H9B>C>HIG6I>K:<:CI>C8DGEDG6I:97NG:;:G:C8:ID M=>7>I ID I=: 8JGG:CI G:EDGI DC DGB % D; =6GI:G DBBJC>86I>DCH #C8 ;>A:9 DC :8:B7:G >A: (D

9 #C8G:B:CI6A8I>K6I>DC(DI>8: 96I:96HD;'6N 7N6C96BDC<=6GI:GDBBJC>86I>DCH)E:G6I>C< && )"DA9>C9>6GN86 ( 6H69B>C>HIG6I>K: 6<:CI6C9I=:A:C9:GHE6GINI=:G:ID>C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=:8JGG:CIG:EDGIDC DGB % D;=6GI:GDBBJC>86I>DCH #C8 ;>A:9DC'6N >A:(D B:C9B:CI(D 96I:96HD;$6CJ6GN ID>I=:B:C9:96C9,:HI6I:9G:9>I86I>DCH )E:G6I>C< && ) "DA9>CC HJ7H>9>6G>:H D; =6GI:G DBBJC>86I>DCH )E:G6I>C< && I=: A:C9:GHE6GINI=:G:ID6C96C@D;B:G>86 ( 6H9B>C>HIG6I>K:<:CI6C9>>I=:!J6G6CI::6C9DAA6I:G6A 86I>DCH )E:G6I>C< && ) "DA9>CCHJ7H>9>6G>:HD;=6GI:GDBBJC>86I>DCH)E:G6I>C< &&6C96C@D;B:G>86 ( 6H9B>C>HIG6I>K: <:CI >C8DGEDG6I:9 7N G:;:G:C8: ID M=>7>I ID I=: 8JGG:CI G:EDGI DC DGB % ;>A:9 7N =6GI:G DBBJC>86I>DCH #C8 DC$6CJ6GN >A:(D ,:HI6I:B:CIA IDI=:B:C9:96C9,:HI6I:9G:9>I86I>DCH )E:G6I>C< && ) "DA9>CC HJ7H>9>6G>:HD;=6GI:GDBBJC>86I>DCH)E:G6I>C< && I=:A:C9:GHE6GINI=:G:ID6C96C@D;B:G>86 ( 6H9B>C>HIG6I>K:<:CI>C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=:FJ6GI:GANG:EDGIDC DGB +D; =6GI:GDBBJC>86I>DCH #C8 ;>A:9EG>A >A:(D B:C9B:CI(D 96I:96HD;)8ID7:G IDI=:B:C9:96C9,:HI6I:9G:9>IA 7N6C96BDC<=6GI:GDBBJC>86I>DCH)E:G6I>C< && )"DA9>CCHJ7H>9>6G>:HD;=6GI:GDBBJC>86I>DCH)E:G6I>C< && I=:A:C9:GHE6GIN I=:G:ID6C96C@D;B:G>86 ( 6H69B>C>HIG6I>K:6<:CI>C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=: JGG:CI,:EDGIDC DGB %;>A:97N=6GI:GDBBJC>86I>DCH #C8 DC)8ID7:G >A:(D DAA6I:G6A 86I>DCH )E:G6I>C< && =6GI:G DBBJC>86I>DCH )E:G6I>C< 6E>I6A DGE 6C9 I=: DI=:G C ;6KDG D; .=: 6C@ D; (:L 3DG@':AADC.GJHIDBE6CN ( 6H8DAA6I:G6A6<:CI>C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=:8JGG:CI G:EDGIDC DGB %D;=6GI:GDBBJC>86I>DCH #C8 ;>A:9DC'6N >A:(D >GHI &>:C #CI:G8G:9>IDG 86I>DCH )E:G6I>C< && I=:DI=:G86 ( 6H8G:9>I6I6:H .=:6C@D;(:L3DG@':AADC.GJHIDBE6CN ( 6HCDI:H8DAA6I:G6A 6<:CI;DGI=:>C9:CIJG:H:8JG:9E6GI>:H 6C9:68=699>I>DC6A6<:CI;GDBI>B:IDI>B:E6GINI=:G:ID>C8DGEDG6I:9 7NG:;:G:C8:ID M=>7>I IDI=:8JGG:CIG:EDGIDC DGB %D;=6GI:GDBBJC>86I>DCH #C8 ;>A:9DC'6N >A:(D $D>C9:GHIG6I>DC,><=IH## && " ## && =6GI:G DBBJC>86I>DCH )E:G6I>C< && =6GI:G DBBJC>86I>DCH )E:G6I>C< 6E>I6A DGE )"DA9>CC8DGEDG6I:9=:G:>C7NG:;:G:C8:ID M=>7>I IDI=:8JGG:CIG:EDGIDC DGB %D;=6GI:GDBBJC>86I>DCH #C8 ;>A:9'6N $D>C9:GHIG6I>DC,><=IHCCI6ADGE>C8DGEDG6I:9=:G:>C7NG:;:G:C8:ID M=>7>I IDI=:8JGG:CIG:EDGIDC DGB % D;=6GI:GDBBJC>86I>DCH #C8 ;>A:9'6N H8GDL HHJBEI>DC ### && =6GI:G DBBJC>86I>DCH)E:G6I>C< && 6C@D;B:G>86 ( 6H:H8GDL69B>C>HIG6I>K:6<:CI6C96C@D;B:G>86 ( 6H69B>C>HIG6I>K:6<:CI>C8DGEDG6I:9=:G:>C7NG:;:G:C8:ID M=>7>I IDI=:8JGG:CIG:EDGIDC DGB % D;=6GI:GDBBJC>86I>DCH #C8 ;>A:9'6N B:C9:9 6C9 ,:HI6I:9 &>B>I:9 &>67>A>IN DBE6CN 86I>DCH "DA9>CCE6C9I=:DI=:GE6GINDGE6GI>:HI=:G:ID>C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=:8JGG:CIG:EDGI DC DGB %D;=6GI:GDBBJC>86I>DCH #C8 ;>A:9DC'6N >A:(D M8=6C<:CE6C9I=:DI=:GE6GINDGE6GI>:HI=:G:ID>C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=:8JGG:CIG:EDGI DC DGB %D;=6GI:GDBBJC>86I>DCH #C8 ;>A:9DC'6N >A:(D ,:<>HIG6I>DC ,><=IH E6C9&>7:GINGD6976C9>C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=:8JGG:CIG:EDGIDC DGB % D;=6GI:GDBBJC>86I>DCH #C8 ;>A:9DC'6N >A:(D .6M,:8:>K67A:HE 6C9I=:DI=:GE6GINDGE6GI>:HI=:G:ID>C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=:8JGG:CIG:EDGIDC DGB %D;=6GI:GDBBJC>86I>DCH #C8 ;>A:9DC'6N >A:(D 1>G:A:HH)E:G6I>DC6ADDE:G6I>DC86I>DCH #C8 6C9DB86HIDGEDG6I>DC>C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=:8JGG:CIG:EDGIDC DGB %;>A:97N =6GI:GDBBJC>86I>DCH #C8 DC'6N >A:(D

=6GI:GDBBJC>86I>DCH #C8 M:8JI>K:DCJH*A6C>C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=:+J6GI:GAN ,:EDGIDC DGB +D;=6GI:GDBBJC>86I>DCH #C8 ;>A:9DC'6N >A:(D =6GI:G DBBJC>86I>DCH #C8 M:8JI>K: #C8:CI>K: *:G;DGB6C8: *A6C >C8DGEDG6I:9 7N G:;:G:C8: ID EE:C9>MIDI=:EGDMNHI6I:B:CI;DGI=:=6GI:GDBBJC>86I>DCH #C8 CCJ6A'::I>CA:9'6G8= >A:(D =6GI:GDBBJC>86I>DCH #C8 B:C9:96C9,:HI6I:9-ID8@#C8:CI>K:*A6C>C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=:JGG:CI,:EDGIDC DGB %D;=6GI:GDBBJC>86I>DCH #C8 ;>A:9DC'6N >A: (D B:C9B:CIIDI=:=6GI:GDBBJC>86I>DCH #C8 B:C9:96C9,:HI6I:9-ID8@#C8:CI>K:*A6C 96I:96HD; )8ID7:G >C8DGEDG6I:9 7N G:;:G:C8: ID M=>7>I ID I=: JGG:CI ,:EDGI DC DGB % D; =6GI:G DBBJC>86I>DCH #C8 ;>A:9DC)8ID7:G >A:(D =6GI:GDBBJC>86I>DCH #C8 XHB:C9:96C9,:HI6I:9-JEEA:B:CI6A:;:GG:9DBE:CH6I>DC*A6C 96I:96HD; -:EI:B7:G >C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=:8JGG:CIG:EDGIDC DGB %;>A:97N=6GI:G DBBJC>86I>DCH #C8 DC-:EI:B7:G >A:(D DGBD;(DC +J6A>;>:9.>B:0:HI>C<-ID8@)EI>DCA >C8DGEDG6I:97NG:;:G:C8: ID M=>7>I IDI=:FJ6GI:GANG:EDGIDC DGB +;>A:97N=6GI:GDBBJC>86I>DCH #C8 DCJA:(D DGBD;(DC +J6A>;>:9*G>8:0:HI>C<-ID8@)EI>DCA >C8DGEDG6I:97NG:;:G:C8: ID M=>7>I IDI=:FJ6GI:GANG:EDGIDC DGB +;>A:97N=6GI:GDBBJC>86I>DCH #C8 DCJA:(D DGBD;(DI>8:D;&.#*L6G9C8DGEDG6I:97NG:;:G:C8:ID M=>7>I ID I=: 8JGG:CI G:EDGI DC DGB % ;>A:9 7N =6GI:G DBBJC>86I>DCH #C8 DC $6CJ6GN >A: (D DGBD;(DI>8:D;&.#*L6G9B: 0:HI>C<)EI>DCL6G9H>C8DGEDG6I:97NG:;:G:C8: ID M=>7>I IDI=:8JGG:CIG:EDGIDC DGB %;>A:97N=6GI:GDBBJC>86I>DCH #C8 DC$6CJ6GN >A:(D DGBD;(DI>8:D;&.#*L6G98I:9-ID8@L6G9H>C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=:8JGG:CIG:EDGIDC DGB %;>A:97N=6GI:GDBBJC>86I>DCH #C8 DC$6CJ6GN >A: (D DGBD;(DI>8:D;&.#*L6G9C<)EI>DCL6G9H>C8DGEDG6I:97N G:;:G:C8:ID M=>7>I IDI=:8JGG:CIG:EDGIDC DGB %;>A:97N=6GI:GDBBJC>86I>DCH #C8 DC$6CJ6GN >A:(D DGB D; -ID8@ )EI>DC C8DGEDG6I:9 7N G:;:G:C8: ID M=>7>I ID I=: 8JGG:CIG:EDGIDC DGB %;>A:97N=6GI:GDBBJC>86I>DCH #C8 DC$6CJ6GN >A:(D DGBD;,:HIG>8I:9-ID8@/C>IC8DGEDG6I:97NG:;:G:C8:ID M=>7>I ID I=: 8JGG:CI G:EDGI DC DGB % ;>A:9 7N =6GI:G DBBJC>86I>DCH #C8 DC $6CJ6GN >A: (D =6GI:GDBBJC>86I>DCH #C8 -ID8@#C8:CI>K:*A6C>C8DGEDG6I:97NG:;:G:C8:IDCC:MIDI=:EGDMN HI6I:B:CI ;DG I=: =6GI:G DBBJC>86I>DCH #C8 CCJ6A '::I>C< D; -ID8@=DA9:GH ;>A:9 '6G8= >A:(D DGBD;(DCFJ6A>;>:9-ID8@)EI>DC86I>DCH #C8 -ID8@#C8:CI>K: *A6C >C8DGEDG6I:9 7N G:;:G:C8: ID M=>7>I ID I=: FJ6GI:GAN G:EDGI DC DGB + D; =6GI:G DBBJC>86I>DCH #C8 ;>A:9$JAN >A:(D DGBD;,:HIG>8I:9-ID8@/C>I86I>DCH #C8 -ID8@#C8:CI>K:*A6C >C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=:FJ6GI:GANG:EDGIDC DGB +D;=6GI:GDBBJC>86I>DCH #C8 ;>A:9$JAN >A:(D DGB D; ,:HIG>8I:9 -ID8@ 86I>DCH #C8 -ID8@ #C8:CI>K: *A6C >C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=:FJ6GI:GANG:EDGIDC DGB +D;=6GI:GDBBJC>86I>DCH #C8 ;>A:9$JAN >A:(D 6 B:C9:96C9,:HI6I:9 BEADNB:CI86I>DCH #C8 96I:9)8ID7:G >C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=:8JGG:CIG:EDGIDC DGB %D;=6GI:G DBBJC>86I>DCH #C8 ;>A:9DC)8ID7:G >A:(D 7 .>B: 0:HI>C< -ID8@ )EI>DC 86I>DCH #C8 6C9.=DB6H' ,JIA:9<:>C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=:8JGG:CIG:EDGI DC DGB %;>A:97N=6GI:GDBBJC>86I>DCH #C8 DC:8:B7:G >A:(D 8 *:G;DGB6C8: 0:HI>C< -ID8@ )EI>DC 86I>DCH #C8 6C9.=DB6H' ,JIA:9<:>C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=:8JGG:CIG:EDGI DC DGB %;>A:97N=6GI:GDBBJC>86I>DCH #C8 DC:8:B7:G >A:(D

6 B:C9:9 6C9 ,:HI6I:9 BEADNB:CI 86I>DCH #C8 6C9 $D=C >8@=6B 96I:9 :8:B7:G >C8DGEDG6I:9 7N G:;:G:C8: ID M=>7>I ID I=: 8JGG:CI G:EDGI DC DGB % D; =6GI:GDBBJC>86I>DCH #C8 ;>A:9DC:8:B7:G >A:(D 7 .>B: 0:HI>C<-ID8@)EI>DCA 7N6C97:IL::C=6GI:GDBBJC>86I>DCH #C8 6C9$D=C>8@=6B>C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=:8JGG:CIG:EDGIDC DGB %;>A:97N =6GI:GDBBJC>86I>DCH #C8 DC'6N >A:(D 8 *:G;DGB6C8: 0:HI>C< -ID8@ )EI>DC A 7N 6C9 7:IL::C =6GI:G DBBJC>86I>DCH #C8 6C9 $D=C >8@=6B >C8DGEDG6I:9 7N G:;:G:C8: ID M=>7>I ID I=: 8JGG:CI G:EDGI DC DGB %;>A:97N=6GI:GDBBJC>86I>DCH #C8 DC'6N >A:(D DGBD; >GHIB:C9:96C9,:HI6I:9#C9:BC>;>86I>DCC8DGEDG6I:97NG:;:G:C8:ID M=>7>I ID I=: FJ6GI:GAN G:EDGI DC DGB + D; =6GI:G DBBJC>86I>DCH #C8 ;>A:9 DC JA: (D .>B:16GC:G67A:#C8 -ID8@#C8:CI>K:*A6C>C8DGEDG6I:9=:G:>C7NG:;:G:C8:ID M=>7>I ID.1XH 8JGG:CIG:EDGIDC DGB %96I:9 :7GJ6GN 6C9;>A:9L>I=I=:- DC :7GJ6GN .>B:16GC:G67A:#C8 -ID8@#C8:CI>K:*A6C 6H6B:C9:9 :;;:8I>K:'6G8= >C8DGEDG6I:9=:G:>C 7NG:;:G:C8:ID M=>7>I ID.1XH+J6GI:GAN,:EDGIDC DGB +;DGI=:FJ6GI:G:C9:9'6G8= .>B:16GC:G67A:#C8 -ID8@#C8:CI>K:*A6C>C8DGEDG6I:9=:G:>C7NG:;:G:C8:IDCC:MID.1XH 9:;>C>I>K:*GDMN-I6I:B:CI96I:9EG>A 6C9;>A:9L>I=I=:- DCEG>A DGBD;B:C9B:CIID(DCFJ6A>;>:9-ID8@)EI>DC86I>DCH #C8 B:C9:96C9,:HI6I:9-ID8@#C8:CI>K:*A6C 96I:96HD;)8ID7:G >C8DGEDG6I:97NG:;:G:C8: ID M=>7>I IDI=:JGG:CI,:EDGIDC DGB %D;=6GI:GDBBJC>86I>DCH #C8 ;>A:9DC)8ID7:G >A:(D BEADNB:CIK:6HD;(DK:B7:G 7N6C97:IL::C=6GI:GDBBJC>86I>DCH #C8 6C9=G>HIDE=:G& 1>C;G:N>C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=:+J6GI:GAN,:EDGIDC DGB +D; =6GI:GDBBJC>86I>DCH #C8 ;>A:9DC(DK:B7:G >A:(D BEADNB:CI 86I>DCH #C8 6C9 6K>9 AA:C >C8DGEDG6I:9 7N G:;:G:C8: ID M=>7>I ID I=: CCJ6A ,:EDGI DC DGB % D; =6GI:G DBBJC>86I>DCH #C8 ;>A:9DC :7GJ6GN >A:(D DGBD;*:G;DGB6C8: 0:HI>C<-ID8@)EI>DCC:M:8JI>K:D;;>8:GH>CJC9:GI=: =6GI:GDBBJC>86I>DCH #C8 B:C9:96C9,:HI6I:9-ID8@#C8:CI>K:*A6C>C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=:CCJ6A,:EDGIDC DGB %D;=6GI:GDBBJC>86I>DCH #C8 ;>A:9DC :7GJ6GN >A:(D DGBD;*:G;DGB6C8: 0:HI>C<,:HIG>8I:9-ID8@/C>IC:M:8JI>K:D;;>8:GH>C JC9:G I=: =6GI:G DBBJC>86I>DCH #C8 B:C9:9 6C9 ,:HI6I:9 -ID8@ #C8:CI>K: *A6C >C8DGEDG6I:9 7N G:;:G:C8: ID M=>7>I ID I=: CCJ6A ,:EDGI DC DGB % D; =6GI:G DBBJC>86I>DCH #C8 ;>A:9 DC :7GJ6GN >A:(D BEADNB:CI86I>DCH #C8 6C9%:K>C "DL6G9 96I:9JC8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=:JGG:CI,:EDGIDC DGB %;>A:97N=6GI:GDBBJC>86I>DCH #C8 DCJA:(D &:II:G 86I>DCH #C8 6C9 9K6C8: (:L=DJH:*6GIC:GH=>E>C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=:JGG:CI,:EDGIDC DGB %D;=6GI:G DBBJC>86I>DCH #C8 ;>A:9DC:8:B7:G >A:(D B:C9B:CIID&:II:G86I>DCH #C8 6C9 9K6C8:(:L=DJH:*6GIC:GH=>E>C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=:JGG:CI,:EDGIDC DGB % D;=6GI:GDBBJC>86I>DCH #C8 ;>A:9DC:8:B7:G >A:(D B:C9B:CI ID I=: =6GI:G DBBJC>86I>DCH #C8 -ID8@ #C8:CI>K: *A6C 96I:9 6H D; $6CJ6GN >C8DGEDG6I:97NG:;:G:C8:ID M=>7>I IDI=:CCJ6A,:EDGIDC DGB %D;=6GI:GDBBJC>86I>DCH #C8 ;>A:9DC$6CJ6GN >A:(D -J7H>9>6G>:HD;=6GI:GDBBJC>86I>DCH #C8 DCH:CID;%*'!&&* :GI>;>86I:D;=>:; M:8JI>K:);;>8:GEJGHJ6CIID,JA:6 6,JA:9 6JC9:GI=:-:8JG>I>:H M8=6C<: 8ID; :GI>;>86I:D;=>:; >C6C8>6A);;>8:GEJGHJ6CIID,JA:6 6,JA:9 6JC9:GI=:-:8JG>I>:H M8=6C<: 8ID; :GI>;>86I>DCEJGHJ6CIID/ - -:8I>DC 6H69DEI:9EJGHJ6CIID-:8I>DCD;I=:-6G76C:H )MA:N8I D;=>:; M:8JI>K:);;>8:G :GI>;>86I>DCEJGHJ6CIID/ - -:8I>DC 6H69DEI:9EJGHJ6CIID-:8I>DCD;I=:-6G76C:H )MA:N8I D;=>:; >C6C8>6A);;>8:G

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

 ",(#"" '((!"('

$.42

J9>I:9 >C6C8>6A-I6I:B:CIH ,:EDGID;#C9:E:C9:CI,:<>HI:G:9*J7A>888DJCI>C< >GB DCHDA>96I:96A6C8:-=::IH6HD;:8:B7:G 6C9 DCHDA>96I:9-I6I:B:CIHD;)E:G6I>DCH;DGI=:3:6GH C9:9:8:B7:G 6C9 DCHDA>96I:9-I6I:B:CIHD;=6C<:H>C-=6G:=DA9:GHX FJ>IN;DGI=:3:6GH C9:9:8:B7:G 6C9 DCHDA>96I:9-I6I:B:CIHD;6H= ADLH;DGI=:3:6GH C9:9:8:B7:G 6C9 (DI:HIDDCHDA>96I:9 >C6C8>6A-I6I:B:CIH

 &2=

.DI=:-=6G:=DA9:GH6C9D6G9D;>G:8IDGH =6GI:GDBBJC>86I>DCH #C8 

$"#"&#"' #"&# '"" ''!"'&""'%" #"'%# )%"" $#%'"

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

"" #("'"%"$ 

H9>H8JHH:9>C(DI:IDI=:8DCHDA>96I:9;>C6C8>6AHI6I:B:CIH I=:DBE6CN=6H8=6C<:9>IHB:I=D9D;688DJCI>C<;DGA:6H:H 6HD;$6CJ6GN 9J:IDI=:69DEI>DCD;88DJCI>C<-I6C96G9D9>;>86I>DC.DE>8 &&

&&#%$"#"&

.=: DBE6CNXH B6C6<:B:CI >H G:HEDCH>7A: ;DG I=:H: 8DCHDA>96I:9 ;>C6C8>6A HI6I:B:CIH ;DG B6>CI6>C>C< :;;:8I>K: >CI:GC6A 8DCIGDADK:G;>C6C8>6AG:EDGI>C< 6C9;DG>IH6HH:HHB:CID;I=::;;:8I>K:C:HHD;>CI:GC6A8DCIGDADK:G;>C6C8>6AG:EDGI>C< >C8AJ9:9 >CI=:688DBE6CN>C<'6C6<:B:CIH,:EDGIDC#CI:GC6ADCIGDA)K:G >C6C8>6A,:EDGI>C< )JGG:HEDCH>7>A>IN>HID:MEG:HH6C DE>C>DCDCI=:DBE6CNXH8DCHDA>96I:9;>C6C8>6AHI6I:B:CIH6C96CDE>C>DCDCI=:DBE6CNXH>CI:GC6A8DCIGDADK:G;>C6C8>6A G:EDGI>C< 76H:9 DC DJG 6J9>IH 1: 6G: 6 EJ7A>8 688DJCI>C< ;>GBG:<>HI:G:9 L>I= I=: *J7A>8 DBE6CN 88DJCI>C< )K:GH><=I D6G9/C>I:9-I6I:H*)6C96G:G:FJ>G:9ID7:>C9:E:C9:CIL>I=G:HE:8IIDI=:DBE6CN>C688DG96C8:L>I=I=:/ - ;:9:G6AH:8JG>I>:HA6LH6C9I=:6EEA>867A:GJA:H6C9G:DCHD;I=:-:8JG>I>:H6C9 M8=6C<:DBB>HH>DC6C9I=:*)

1:8DC9J8I:9DJG6J9>IH>C688DG96C8:L>I=I=:HI6C96G9HD;I=:*) .=DH:HI6C96G9HG:FJ>G:I=6IL:EA6C6C9E:G;DGBI=: 6J9>IHIDD7I6>CG:6HDC67A:6HHJG6C8:67DJIL=:I=:GI=:8DCHDA>96I:9;>C6C8>6AHI6I:B:CIH6G:;G::D;B6I:G>6AB>HHI6I:B:CI L=:I=:G9J:ID:GGDGDG;G6J9 6C9L=:I=:G:;;:8I>K:>CI:GC6A8DCIGDADK:G;>C6C8>6AG:EDGI>CCI6>C:9>C6AAB6I:G>6A G:HE:8IH

)JG6J9>IHD;I=:8DCHDA>96I:9;>C6C8>6AHI6I:B:CIH>C8AJ9:9E:G;DGB>CH@HD;B6I:G>6AB>HHI6I:B:CI D;I=:8DCHDA>96I:9;>C6C8>6AHI6I:B:CIH L=:I=:G9J:ID:GGDGDG;G6J9 6C9E:G;DGB>CH@H -J8= EGD8:9JG:H >C8AJ9:9 :M6B>C>C< DC 6 I:HI 76H>H :K>9:C8: G:<6G9>C< I=: 6BDJCIH 6C9 9>H8ADHJG:H >C I=: 8DCHDA>96I:9 ;>C6C8>6A HI6I:B:CIH )JG 6J9>IH 6AHD >C8AJ9:9 :K6AJ6I>C< I=: 688DJCI>C< EG>C8>EA:H JH:9 6C9 H>;>86CI :HI>B6I:H B69: 7N B6C6<:B:CI 6H L:AA 6H :K6AJ6I>C< I=: DK:G6AA EG:H:CI6I>DC D; I=: 8DCHDA>96I:9 ;>C6C8>6A HI6I:B:CIH )JG 6J9>I D; >CI:GC6A 8DCIGDADK:G;>C6C8>6AG:EDGI>C<>C8AJ9:9D7I6>C>C<6CJC9:GHI6C9>CCI:GC6A8DCIGDADK:G;>C6C8>6AG:EDGI>C< 6HH:HH>CH@I=6I6B6I:G>6AL:6@C:HH:M>HIH 6C9I:HI>C<6C9:K6AJ6I>CC<:;;:8I>K:C:HHD;>CI:GC6A8DCIGDA76H:9 DC I=: 6HH:HH:9 G>H@ )JG 6J9>IH 6AHD >C8AJ9:9 E:G;DGB>C< HJ8= DI=:G EGD8:9JG:H 6H L: 8DCH>9:G:9 C:8:HH6GN >C I=: 8>G8JBHI6C8:H 1:7:A>:K:I=6IDJG6J9>IHEGDK>9:6G:6HDC67A:76H>H;DGDJGDE>C>DCH

"'#""!''#"&#"'%" #"'%# )%"" $#%'"

8DBE6CNXH >CI:GC6A 8DCIGDA DK:G ;>C6C8>6A G:EDGI>C< >H 6 EGD8:HH 9:H>9: G:6HDC67A: 6HHJG6C8: G:<6G9>C< I=: G:A>67>A>IND;;>C6C8>6AG:EDGI>C<6C9I=:EG:E6G6I>DCD;;>C6C8>6AHI6I:B:CIH;DG:MI:GC6AEJGEDH:H>C688DG96C8:L>I=<:C:G6AAN

688:EI:9688DJCI>CC8>EA:H 8DBE6CNXH>CI:GC6A8DCIGDADK:G;>C6C8>6AG:EDGI>C<>C8AJ9:HI=DH:EDA>8>:H6C9EGD8:9JG:H I=6I E:GI6>C ID I=: B6>CI:C6C8: D; G:8DG9H I=6I >C G:6HDC67A: 9:I6>A 688JG6I:AN 6C9 ;6>GAN G:;A:8I I=: IG6CH68I>DCH 6C9 9>HEDH>I>DCHD;I=:6HH:IHD;I=:8DBE6CNEGDK>9:G:6HDC67A:6HHJG6C8:I=6IIG6CH68I>DCH6G:G:8DG9:96HC:8:HH6GNIDE:GB>I EG:E6G6I>DC D; ;>C6C8>6A HI6I:B:CIH >C 688DG96C8: L>I= <:C:G6AAN 688:EI:9 688DJCI>C< EG>C8>EA:H 6C9 I=6I G:8:>EIH 6C9 :ME:C9>IJG:H D; I=: 8DBE6CN 6G: 7:>C< B69: DCAN >C 688DG96C8: L>I= 6JI=DG>O6I>DCH D; B6C6<:B:CI 6C9 9>G:8IDGH D; I=: 8DBE6CN6C9EGDK>9:G:6HDC67A:6HHJG6C8:G:<6G9>CDCDGI>B:AN9:I:8I>DCD;JC6JI=DG>O:968FJ>H>I>DC JH: DG 9>HEDH>I>DCD;I=:8DBE6CNXH6HH:IHI=6I8DJA9=6K:6B6I:G>6A:;;:8IDCI=:;>C6C8>6AHI6I:B:CIH

:86JH: D; >IH >C=:G:CI A>B>I6I>DCH >CI:GC6A 8DCIGDA DK:G ;>C6C8>6A G:EDGI>C< B6N CDI EG:K:CI DG 9:I:8I B>HHI6I:B:CIH AHD EGD?:8I>DCH D; 6CN :K6AJ6I>DC D; :;;:8I>K:C:HH ID ;JIJG: E:G>D9H 6G: HJ7?:8I ID I=: G>H@ I=6I 8DCIGDAH B6N 7:8DB: >C69:FJ6I: 7:86JH:D;8=6C<:H>C8DC9>I>DCH DGI=6II=:9:6C8:L>I=I=:EDA>8>:HDGEGD8:9JG:HB6N9:I:G>DG6I:

%' ('''%

.=:8G>I>86A6J9>IB6II:G8DBBJC>86I:97:ADL>H6B6II:G6G>H>C<;GDBI=:8JGG:CIE:G>D96J9>ID;I=:8DCHDA>96I:9;>C6C8>6A HI6I:B:CIHI=6IL6H8DBBJC>86I:9DGG:FJ>G:9ID7:8DBBJC>86I:9IDI=:6J9>I8DBB>II::6C9I=6IG:A6I:HID688DJCIHDG 9>H8ADHJG:HI=6I6G:B6I:G>6AIDI=:8DCHDA>96I:9;>C6C8>6AHI6I:B:CIH6C9>CKDAK:9DJG:HE:8>6AAN8=6AA:C<>C< HJ7?:8I>K: DG 8DBEA:M?J986I>DCD;68G>I>86A6J9>IB6II:G9D:HCDI6AI:G>C6CNL6NDJGDE>C>DCDCI=:8DCHDA>96I:9 ;>C6C8>6AHI6I:B:CIH I6@:C6H6L=DA: 6C9L:6G:CDI 7N8DBBJC>86I>CI>86A6J9>IB6II:G7:ADL EGDK>9>C<6H:E6G6I: DE>C>DCDCI=:8G>I>86A6J9>IB6II:GDGDCI=:688DJCIHDG9>H8ADHJG:HIDL=>8=>IG:A6I:H

$' ,'#"#"&' '#"%' #%"#)%#&'&

H9>H8JHH:9>C(DI:IDI=:8DCHDA>96I:9;>C6C8>6AHI6I:B:CIH I=:DBE6CN86E>I6A>O:H9>G:8IA67DG6C9DK:G=:698DHIH JH>C< HI6C96G9H 9:K:ADE:9 ;GDB 68IJ6A 8DHIH 6C9 6EEA>867A: DE:G6I>DC6A 96I6 6HHD8>6I:9 L>I= 8:GI6>C 68I>K>I>:H .=: DBE6CN86A8JA6I:HI=:HI6C96G9H6CCJ6AANDGBDG:;G:FJ:CIANL=:C8>G8JBHI6C8:H9>8I6I:;DG>I:BHHJ8=6H9>G:8IA67DG 6C9 DK:G=:69 6C9 I=: :HI>B6I: D; I=: 6K:G6<: 6BDJCI D; I>B: G:FJ>G:9 ID E:G;DGB 6 86E>I6A>O67A: 68I>K>IN DG I=: N:6G :C9:9:8:B7:G I=:DBE6CN86E>I6A>O:9 7>AA>DCD;9>G:8IA67DG6C9DK:G=:698DHIH 6EDGI>DCD;L=>8= G:A6I:9ID>CHI6AA6I>DC68I>K>I>:H

1:>9:CI>;>:9I=::K6AJ6I>DCD;I=:86E>I6A>O6I>DCD;8:GI6>C>CHI6AA6I>DC9>G:8IA67DG6C9DK:G=:698DHIH6H68G>I>86A6J9>I B6II:G K6AJ6I>CC6I>DCD;I=:G:A:K6CI>CHI6AA6I>DC68I>K>I>:H6C9I=::MI:CIIDL=>8=8DHIH>C8JGG:9 6G: 86E>I6A>O:9 G:FJ>G:9 8DBEA:M 6C9 HJ7?:8I>K: 6J9>IDG ?J9;>86AAN I=: :K6AJ6I>DC D; I=: B:I=D9DADDC D; 96I6 JH:9 7N I=: DBE6CN ID :HI>B6I: I=: >CHI6AA6I>DC 9>G:8I A67DG 6C9 DK:G=:69 HI6C96G9H 6C9 I=: :HI>B6I:9 6K:G6<: A:CB: ID 8DBEA:I: HE:8>;>8 >CHI6AA6I>DC 68I>K>I>:H G:FJ>G:9 8DBEA:M 6C9 HJ7?:8I>K:6J9>IDG?J9

.=:;DAADL>C<6G:I=:EG>B6GNEGD8:9JG:HL:E:G;DGB:9ID699G:HHI=>H8G>I>86A6J9>IB6II:G 1::K6AJ6I:9I=:9:H>C< :;;:8I>K:C:HH D; 8:GI6>C >CI:GC6A 8DCIGDAH G:A6I:9 ID I=: 8G>I>86A 6J9>I B6II:G .=>H >C8AJ9:9 8DCIGDAH G:A6I:9IDI=:9:K:ADEB:CI6C9688JBJA6I>DCD;96I6JH:9ID:HI>B6I:8:GI6>C>CHI6AA6I>DC9>G:8IA67DG6C9DK:G=:698DHIH 6C9 I=: :HI>B6I>DC D; I=: 6K:G6<: 6BDJCI D; I>B: G:FJ>G:9 ID E:G;DGB 6 86E>I6A>O67A: 68I>K>IN 1: 6HH:HH:9 I=: B:I=D9DADC8AJ9>C< I=: 9:K:ADEB:CI 6C9 688JBJA6I>DC D; 96I6 ;DG I=: >C8AJH>DC D; 8:GI6>C 8DHIH >C I=: >CHI6AA6I>DC 9>G:8IA67DG6C9DK:G=:69HI6C96G9H 1:I:HI:96H:A:8I>DCD;I=:96I6JH:9ID9:K:ADEI=:>CHI6AA6I>DC9>G:8IA67DGHI6C96G9 6C9DK:G=:69HI6C96G9IDI:HI8:GI6>C96I66IIG>7JI:HJH:9>CI=::HI>B6I:H7N8DBE6G>CI=I=>G9 E6GI>:H 6C9 >CI:GC6A 9D8JB:CI6I>DC D; L6<:H 6C9 8DHIH 1: I:HI:9 I=: 6K:G6<: A:CB: ID 8DBEA:I: HE:8>;>8 >CHI6AA6I>DC68I>K>I>:H7N>CFJ>G>CH:>CHI6AA6I>DC68I>K>I>:H6C9H:A:8I>C<8:GI6>C96I6ID9:K:ADE6C :ME:8I6I>DCD;I=:6K:G6<:A:CB:ID8DBEA:I:8:GI6>C>CHI6AA6I>DC68I>K>I>:H

H>

1:=6K:H:GK:96HI=:DBE6CNXH6J9>IDGH>C8:

-I &DJ>H '>HHDJG> $6CJ6GN 

 &(&#!!)"(#"'" "')'&' #"'# ( "'(' 1<99.?@6;:6996<;@2E02=A@5.?21.A.

202:/2? ''(' /,, (.-- .- 6H=6C986H=:FJ>K6A:CIH 88DJCIHG:8:>K67A: A:HH6AADL6C8:;DG9DJ7I;JA688DJCIHD; 6C9 G:HE:8I>K:AN *G:E6>9:ME:CH:H6C9DI=:G8JGG:CI6HH:IH .DI6A8JGG:CI6HH:IH

, -.,#. -" 

#(0 -.' (.#(& *,)* ,.# - *GDE:GIN EA6CI6C9:FJ>EB:CI C:ID;688JBJA6I:99:EG:8>6I>DCD; 6C9 G:HE:8I>K:AN JHIDB:GG:A6I>DCH=>EH C:I G6C8=>H:H !DD9L>AA .DI6A>CK:HIB:CI>C867A:EGDE:GI>:H C:I

)." ,()(/,, (.-- .- 

.DI6A6HH:IH 

 ('"'&# &'I%)(- /,, (.&##&#.# - 88DJCIHE6N67A:6C9688GJ:9A>67>A>I>:H JGG:CIEDGI>DCD;ADC< I:GB9:7I .DI6A8JGG:CIA>67>A>I>:H 

&)(! . ,' . 

 ,, #()' .2 - 

)." ,&)(! . ,'&##&#.# - 

-", ")& ,-X +/#.3 A6HH8DBBDCHID8@ E6GK6AJ:B>AA>DCH=6G:H6JI=DG>O:9 6C9 H=6G:H>HHJ:96C9DJIHI6C9>C< G:HE:8I>K:AN U U A6HH8DBBDCHID8@ E6GK6AJ: H=6G:H6JI=DG>O:9 H=6G:>HHJ:96C9DJIHI6C9>CAA>DCH=6G:H6JI=DG>O:9 CDH=6G:H>HHJ:96C9DJIHI6C9>CI>DC6AE6>9 >C86E>I6A ,:I6>C:9:6GC>C8>I .DI6A=6GI:GH=6G:=DA9:GHX:FJ>IN (DC8DCIGDAA>C<>CI:G:HIH .DI6AH=6G:=DA9:GHX:FJ>IN

.DI6AA>67>A>I>:H6C9H=6G:=DA9:GHX:FJ>IN 

.=:688DBE6CN>CCI:96I:9;>C6C8>6AHI6I:B:CIH &(&#!!)"(#"'" "')'&' #"'# ('((!"('##$&(#"' 1<99.?@6;:6996<;@2E02=A=2?@5.?2.;1@5.?21.A.

-2.?;121202:/2? , 0 (/ - 

)-.-( 2* (- - )E:G6I>C<8DHIH6C9:ME:CH:H:M8AJH>K:D;>I:BHH=DLC H:E6G6I:AN7:ADL :EG:8>6I>DC6C96BDGI>O6I>DC )I=:GDE:G6I>C<:ME:CH:H C:I #C8DB:;GDBDE:G6I>DCH

)." ,#()' 2* (- - #CI:G:HI:ME:CH: C:I &DHHDC:MI>CH=B:CID;9:7I U &DHHDC;>C6C8>6A>CHIGJB:CIH C:I )I=:GE:CH>DC7:C:;>IH8DHIH C:I )I=:G:ME:CH: C:I

#C8DB:7:;DG:>C8DB:I6M:H #C8DB:I6M:ME:CH: DCHDA>96I:9C:I>C8DB: &:HH(:I>C8DB:6IIG>7JI67A:IDCDC8DCIGDAA>C<>CI:G:HIH (:I>C8DB:6IIG>7JI67A:ID=6GI:GH=6G:=DA9:GH

,(#(!-* ,)'')(-", ..,#/.& .) ",. ,-", ")& ,- 6H>8 >AJI:9 

1:><=I:96K:G6<:8DBBDCH=6G:HDJIHI6C9>C< 76H>8 1:><=I:96K:G6<:8DBBDCH=6G:HDJIHI6C9>C< 9>AJI:9 

.=:688DBE6CN>CCI:96I:9;>C6C8>6AHI6I:B:CIH &(&#!!)"(#"'" "')'&' #"'# ('((!"('#"'"'&# &'I%)(- 1<99.?@6;:6996<;@ &2A.6;21 00B:B9.A21 9.@@ 9.@@ 116A6<;.9 .?;6;4@ #A52? (B6AF ;A2?2@A@ >B6AF &( :8:B7:G U U DCHDA>96I:9C:I>C8DB: U U U U -ID8@8DBE:CH6I>DC:ME:CH: U U U U U 88:A:G6I:9K:HI>CIN6L6G9H U U U U U M:G8>H:D;HID8@DEI>DCH U U U U U =6C<:H>C688JBJA6I:9DI=:G8DBEG:=:CH>K: ADHH C:I U U U U U JBJA6I>K::;;:8ID;688DJCI>C<8=6C<:H U U U U *JG8=6H:H6C9G:I>G:B:CID;IG:6HJGNHID8@ U U U U *JG8=6H:D;CDC8DCIGDAA>C<>CI:G:HI C:ID;I6M U U U U =6C<:>CCDC8DCIGDAA>C<>CI:G:HIDLC:GH=>E C:I D;I6M U U U U >HIG>7JI>DCHIDCDC8DCIGDAA>C<>CI:G:HI U U U U U U &( :8:B7:G U U DCHDA>96I:9C:I>C8DB: U U U U -ID8@8DBE:CH6I>DC:ME:CH: U U U U U M:G8>H:D;HID8@DEI>DCH U U U U U =6C<:H>C688JBJA6I:9DI=:G8DBEG:=:CH>K: ADHH C:I U U U U U *JG8=6H:H6C9G:I>G:B:CID;IG:6HJGNHID8@ U U U U *JG8=6H:D;CDC8DCIGDAA>C<>CI:G:HI C:ID;I6M U U U U =6C<:>CCDC8DCIGDAA>C<>CI:G:HIDLC:GH=>E C:I D;I6M U U U U >HIG>7JI>DCHIDCDC8DCIGDAA>C<>CI:G:HI U U U U U U &( :8:B7:G U U U DCHDA>96I:9C:I>C8DB: U U U U -ID8@8DBE:CH6I>DC:ME:CH: U U U U U M:G8>H:D;HID8@DEI>DCH U U U U U #HHJ6C8:D;:FJ>IN U U U U U *JG8=6H:H6C9G:I>G:B:CID;IG:6HJGNHID8@ U U U U *JG8=6H:D;CDC8DCIGDAA>C<>CI:G:HI C:ID;I6M U U U U =6C<:>CCDC8DCIGDAA>C<>CI:G:HIDLC:GH=>E C:I D;I6M U U U U >HIG>7JI>DCHIDCDC8DCIGDAA>C<>CI:G:HI U U U U U U &( :8:B7:G U U U

.=:688DBE6CN>CCI:96I:9;>C6C8>6AHI6I:B:CIH &(&#!!)"(#"'" "')'&' #"'# ('((!"('#' #+' 1<99.?@6;:6996<;@ -2.?;121202:/2? -" &)1- ,)')* ,.#(!.#0#.# - DCHDA>96I:9C:I>C8DB: 9?JHIB:CIHIDG:8DC8>A:8DCHDA>96I:9C:I>C8DB:IDC:I86H=;ADLH;GDB DE:G6I>C<68I>K>I>:H :EG:8>6I>DC6C96BDGI>O6I>DC -ID8@8DBE:CH6I>DC:ME:CH: (DC86H=>CI:G:HI>C8DB: C:I )I=:GE:CH>DC7:C:;>IH8DHIH C:I &DHHDC:MI>CH=B:CID;9:7I U &DHHDC;>C6C8>6A>CHIGJB:CIH C:I :;:GG:9>C8DB:I6M:H )I=:G C:I =6C<:H>CDE:G6I>C<6HH:IH6C9A>67>A>I>:H C:ID;:;;:8IH;GDB68FJ>H>I>DCH6C9 9>HEDH>I>DCH 88DJCIHG:8:>K67A: *G:E6>9:ME:CH:H6C9DI=:G6HH:IH 88DJCIHE6N67A: 688GJ:9A>67>A>I>:H6C9DI=:G (:I86H=;ADLH;GDBDE:G6I>C<68I>K>I>:H -" &)1- ,)'#(0 -.#(!.#0#.# - *JG8=6H:HD;EGDE:GIN EA6CI6C9:FJ>EB:CI =6C<:>C688GJ:9:ME:CH:HG:A6I:9ID86E>I6A:ME:C9>IJG:H *JG8=6H:HD;L>G:A:HHHE:8IGJBA>8:CH:H U U ,:6A:HI6I:>CK:HIB:CIHI=GDJ<=K6G>67A:>CI:G:HI:CI>I>:H )I=:G C:I (:I86H=;ADLH;GDB>CK:HI>C<68I>K>I>:H -" &)1- ,)' #((#(!.#0#.# - DGGDL>CHHJ6C8:8DHIH #HHJ6C8:D;:FJ>IN U U *JG8=6H:D;IG:6HJGNHID8@ *GD8::9H;GDB:M:G8>H:D;HID8@DEI>DCH *JG8=6H:D;CDC8DCIGDAA>C<>CI:G:HI >HIG>7JI>DCHIDCDC8DCIGDAA>C<>CI:G:HI DGGDL>CCK:HIB:CIHI=GDJ<=K6G>67A:>CI:G:HI:CI>I>:H C:I U )I=:G C:I (:I86H=;ADLH;GDB;>C6C8>C<68I>K>I>:H ( .#(, - , - #(-" -" +/#0& (.-( , -.,#. -" -" -" +/#0& (.-(, -.,#. -" 7:<>CC>CD9 -" -" +/#0& (.-(, -.,#. -" :C9D;E:G>D9

-"*# ),#(. , -. -"*# ),.2 - 

.=:688DBE6CN>CCI:96I:9;>C6C8>6AHI6I:B:CIH &(&#!!)"(#"'" "')'&' "#('(##"'# ("" '((!"(' !& " 1<99.?@6;:6996<;@2E02=A@5.?2

#?4.;6G.A6<;.;1.@6@<3$?2@2;A.A6<;

<1+83D+>398

=6GI:GDBBJC>86I>DCH #C8 ID<:I=:GL>I=>IH8DCIGDAA:9HJ7H>9>6G>:H V=6GI:G WDGI=:VDBE6CNW>H6A:69>C<7GD6976C9 8DCC:8I>K>IN 8DBE6CN 6C9 867A: DE:G6IDG )K:G 6C 69K6C8:9 =><= 86E68>IN ILD L6N I:A:8DBBJC>86I>DCH C:ILDG@ I=: DBE6CND;;:GH6;JAAG6C<:D;HI6I: D; I=: 6GIG:H>9:CI>6A6C97JH>C:HHH:GK>8:H>C8AJ9>C<-E:8IGJB#CI:GC:I .0 'D7>A:6C9 0D>8: DG HB6AA 6C9 B:9>JB H>O:9 8DBE6C>:H -E:8IGJB JH>C:HHS 9:A>K:GH I=: H6B: HJ>I: D; 7GD6976C9 EGD9J8IH 6C9 H:GK>8:H8DJEA:9L>I=HE:8>6A;:6IJG:H6C96EEA>86I>DCHID:C=6C8:EGD9J8I>K>IN L=>A:;DGA6G<:G7JH>C:HH:H6C9I>:H -E:8IGJB CI:GEG>H:EGDK>9:H=><=AN8JHIDB>O:9 ;>7:G 76H:9HDAJI>DCH -E:8IGJB,:68=S9:A>K:GHI6>ADG:969K:GI>H>C< 6C9EGD9J8I>DC;DGI=:BD9:GCB:9>6A6C9H86E: .=:DBE6CN6AHD9>HIG>7JI:H6L6G9 L>CC>C<= FJ6A>INDG><>C6AEGDCIH8JHIDB:GHI=GDJ<=-E:8IGJB(:ILDG@H6C9-E:8IGJB)G><>C6AH

=6GI:G>H6=DA9>C<8DBE6CNL=DH:EG>C8>E6A6HH:I>H68DCIGDAA>C<:FJ>IN>CI:G:HI>C=6GI:GDBBJC>86I>DCH"DA9>CCC9>G:8I DLC:G D; =6GI:G DBBJC>86I>DCH )E:G6I>C< && V=6GI:G )E:G6I>C8= HJ7HI6CI>6AAN6AAD;I=:DE:G6I>DCHG:H>9: AAH>;>86CI>CI:G8DBE6CN688DJCIH6C9IG6CH68I>DCH6BDC<8DCHDA>96I:9:CI>I>:H =6K:7::C:A>B>C6I:9

+=3=90!+>398

.=: 688DBE6CN>C< 8DCHDA>96I:9 ;>C6C8>6A HI6I:B:CIH =6K: 7::C EG:E6G:9 >C 688DG96C8: L>I= / - <:C:G6AAN 688:EI:9 688DJCI>CC8>EA:HV!*W6C9I=:GJA:H6C9G:DCHD;I=:-:8JG>I>:H6C9 M8=6C<:DBB>HH>DCI=:V- W

.=:EG:E6G6I>DCD;;>C6C8>6AHI6I:B:CIH>C8DC;DGB>INL>I=!*G:FJ>G:HB6C6<:B:CIIDB6@::HI>B6I:H6C96HHJBEI>DCHI=6I 6;;:8II=:G:EDGI:96BDJCIHD;6HH:IH6C9A>67>A>I>:H6C99>H8ADHJG:D;8DCI>C<:CI6HH:IH6C9A>67>A>I>:H6II=:96I:D;I=:;>C6C8>6A HI6I:B:CIH 6C9 I=: G:EDGI:9 6BDJCIH D; G:K:CJ:H 6C9 :ME:CH:H 9JG>C< I=: G:EDGI>C< E:G>D9 G:6H >CKDAK>C< H>;>86CI ?J9B6I:H>C8AJ9:86E>I6A>O6I>DCD;A67DG6C9DK:G=:698DHIH >BE6>GB:CIHD;;G6C8=>H:H6C9AA E:CH>DC 7:C:;>IH6C9>C8DB:I6M:H 8IJ6AG:HJAIH8DJA99>;;:G;GDBI=DH::HI>B6I:H

:GI6>CEG>DGE:G>D96BDJCIH=6K:7::CG:8A6HH>;>:9ID8DC;DGBL>I=I=:EG:H:CI6I>DC

'B::.?F<3'64;6360.;A00

98=963.+>398

.=:688DBE6CN>C<8DCHDA>96I:9;>C6C8>6AHI6I:B:CIH>C8AJ9:I=:688DJCIHD;=6GI:G6C96AA:CI>I>:H>CL=>8==6GI:G=6H6 8DCIGDAA>C< >CI:G:HI >C8AJ9>C< K6G>67A: >CI:G:HI :CI>I>:H 0# H L=:G: =6GI:G >H I=: EG>B6GN 7:C:;>8>6GN .=: DBE6CN 8DCHDA>96I:H76H:9JEDC:K6AJ6I>DCD;I=:DBE6CNXHEDL:G I=GDJ<=KDI>C<=IHDGH>B>A6GG><=IH ID9>G:8II=:68I>K>I>:HD; 6CDI=:G:CI>INI=6IBDHIH>;>86CIAN>BE68II=::CI>INXH:8DCDB>8E:G;DGB6C8:>IHD7A><6I>DCID67HDG7I=::ME:8I:9ADHH:HD; I=: :CI>IN 6C9 >IH G><=I ID G:8:>K: I=: :ME:8I:9 G:H>9J6A G:IJGCH D; I=: :CI>IN =6GI:G 8DCIGDAH 6C9 8DCHDA>96I:H =6GI:G "DA9>CC<>CI:G:HIDCI=:DBE6CNXH76A6C8:H=::IEG>B6G>ANG:EG:H:CIH9K6C8:(:L=DJH:*6GIC:GH=>EH V(WB>CDG>IN:FJ>IN>CI:G:HIH>C=6GI:G"DA9>C;>86CI>CI:G8DBE6CN688DJCIH6C9IG6CH68I>DCH 6BDC<8DCHDA>96I:9:CI>I>:H=6K:7::C:A>B>C6I:9>C8DCHDA>96I>DC

+=2+8.+=2;?3@+6/8>=

.=:DBE6CN8DCH>9:GH6AA=><=ANA>FJ>9>CK:HIB:CIHL>I=DG><>C6AB6IJG>I>:HD;I=G::BDCI=HDGA:HHID7:86H=:FJ>K6A:CIH .=:H:>CK:HIB:CIH6G:86GG>:96I8DHI L=>8=6EEGDM>B6I:HB6G@:IK6AJ:

#/=><3->/.+=2

,:HIG>8I:986H=G:EG:H:CIH6BDJCIH=:A9>C:H8GDLG:A6I:9IDI=:DBE6CNH7J>A9 ID HJ>IA:6H:6GG6C<:B:CIL>I=60# -:: (DI: .=:6BDJCIH=:A9>C:H8GDL6G:8A6HH>;>:96HCDC8JGG:CIG:HIG>8I:986H=>CI=:DBE6CNH8DCHDA>96I:976A6C8:H=::IH .=:DBE6CNHG:HIG>8I:986H=L6HEG>B6G>AN>CK:HI:9>C6;:9:G6A;JC9H9:EDH>I688DJCI

 &(&#!!)"(#"'" "')'&' "#('(##"'# ("" '((!"(' !& " 1<99.?@6;:6996<;@2E02=A@5.?2C!6+8>+8.;?3:7/8>

99>I>DCH ID EGDE:GIN EA6CI 6C9 :FJ>EB:CI 6G: G:8DG9:9 6I 8DHI >C8AJ9>C< 6AA B6I:G>6A A67DG 6C9 8:GI6>C >C9>G:8I 8DHIH 6HHD8>6I:9L>I=I=:8DCHIGJ8I>DCD;867A:IG6CHB>HH>DC6C99>HIG>7JI>DC;68>A>I>:H 1=>A:I=:DBE6CNXH86E>I6A>O6I>DC>H76H:9 DCHE:8>;>868I>K>I>:H DC8:86E>I6A>O:9 8DHIH6G:IG68@:9DC68DBEDH>I:76H>H7N;>M:96HH:I86I:;>8 6HH:I 76H>H DG 6HH:IH I=6I 6G: HDA9 DG G:I>G:9 I=: :HI>B6I:9 =>HIDG>86A 8DHI 6C9 G:A6I:9 688JBJA6I:9 9:EG:8>6I>DC>HG:BDK:9 DHIH6HHD8>6I:9L>I=I=:EA68:B:CID;I=:8JHIDB:G9GDEIDI=:9L:AA>C<6C9I=:EA68:B:CID;DJIA:IH L>I=>C69L:AA>C<6ADCI=I=:8DHIH6HHD8>6I:9L>I=I=:9:EADNB:CID;C:L8JHIDB:GEG:B>H::FJ>EB:CIC:8:HH6GNIDEGDK>9: K>9:D #CI:GC:I DG KD>8: H:GK>8:H 6G: 86E>I6A>O:9 DHIH 86E>I6A>O:9 >C8AJ9: B6I:G>6AH 9>G:8I A67DG 6C9 DK:G=:69 8DHIH .=: DBE6CN86E>I6A>O:H9>G:8IA67DG6C9DK:G=:69JH>C867A:DE:G6I>DC6A96I6 .=: DBE6CN 86A8JA6I:H HI6C96G9H 6CCJ6AAN DG BDG: ;G:FJ:CIAN >; 8>G8JBHI6C8:H 9>8I6I: ;DG >I:BH HJ8= 6H I=: A67DG G6I:H DK:G=:69G6I:H 6C9I=:68IJ6A6BDJCID;I>B:G:FJ>G:9IDE:G;DGB686E>I6A>O67A:68I>K>IN )K:G=:698DHIH6G:6HHD8>6I:9L>I= I=:68I>K>I>:HD;I=:DBE6CNXHE:GHDCC:AL=D6HH>HI>C>CHI6AA6I>DC68I>K>I>:H6C98DCH>HID;8DBE:CH6I>DC6C9DI=:G>C9>G:8I 8DHIH6HHD8>6I:9L>I=I=:H:HJEEDGI;JC8I>DCH #C9>G:8I8DHIHEG>B6G>AN>C8AJ9::BEADN::7:C:;>IH6C9E6NGDAAI6M:H 6C9K:=>8A: 6C9D88JE6C8N8DHIH .=:8DHIHD;9>H8DCC:8I>C8:6C9G:BDK>C<8JHIDB:GEG:B>H::FJ>EB:CI;GDB69L:AA>C<6C9I=: 8DHIHIDG:8DCC:8I68JHIDB:G9GDEDGIDG:9:EADNEG:K>DJHAN>CHI6AA:98JHIDB:GEG:B>H::FJ>EB:CI6G:8=6G<:9IDDE:G6I>C< :ME:CH: 6H >C8JGG:9 DHIH ;DG G:E6>GH 6C9 B6>CI:C6C8: 6G: 8=6G<:9 ID DE:G6I>C< :ME:CH: 6H >C8JGG:9 L=>A: EA6CI 6C9 :FJ>EB:CIG:EA68:B:CI >C8AJ9>CC8DBEDC:CIH 7:II:GB:CIH >C8AJ9>CI6A>O:9

:EG:8>6I>DC>HG:8DG9:9JH>C<=I A>C:8DBEDH>I:B:I=D9DK:GB6C6<:B:CIXH:HI>B6I:D;I=:JH:;JAA>K:HD;I=:G:A6I:9 6HH:IH6H;DAADLH

67A:9>HIG>7JI>DCHNHI:BH N:6GH JHIDB:GEG:B>H::FJ>EB:CI6C9>CHI6AA6I>DCH N:6GH 0:=>8A:H6C9:FJ>EB:CI N:6GH J>A9>CBEGDK:B:CIH N:6GH JGC>IJG: ;>MIJG:H6C9:FJ>EB:CI N:6GH

==/>#/>3 ,631+>398=

:GI6>CD;I=:DBE6CNXH;G6C8=>H:6CEGDK>H>DCHG:FJ>G>CA>I>:HDG G:BDK: :FJ>EB:CI >C I=: :K:CI I=6I I=: ;G6C8=>H: DG A:6H: 6H CDI G:C:L:9 .=: DBE6CN :ME:8IH ID 8DCI>CJ6AAN G:C:L >IH ;G6C8=>H: 6B6I: 6CN A>67>A>I>:H 6HHD8>6I:9 L>I= HJ8= 67>A>IN :M>HIH I=6I ;G6C8=>H: 6C6I:9 JC:ME:8I:9AN L=>8= 8DJA9 G:HJAI >C I=: DBE6CN >C8JGG>C;>86CI:ME:CH:>C8DBEAN>CI=G:HIDG6I>DCDGG:BDK6AEGDK>H>DCH .=:DBE6CN9D:HCDI=6K:6CNH>;>86CI A>67>A>I>:HG:A6I:9ID6HH:IG:I>G:B:CIHG:8DG9:9>C>IH8DCHDA>96I:9;>C6C8>6AHI6I:B:CIH

'+6?+>398909813@/.==/>=

.=:DBE6CN:K6AJ6I:HI=:G:8DK:G67>A>IND;ADC< A>K:96HH:IH: < EGDE:GIN EA6CI6C9:FJ>EB:CI6C9;>C>I: A>K:9>CI6C<>7A: 6HH:IHID7:=:A96C9JH:9L=:C:K:CIHDG8=6C<:H>C8>G8JBHI6C8:H>C9>86I:I=6II=:86GGN>C<6BDJCID;6C6HH:IB6NCDI7: G:8DK:G67A: -J8=:K:CIHDG8=6C<:H>C8>G8JBHI6C8:H8DJA9>C8AJ9:HJ8=;68IDGH6H>BE6>GB:CID;I=:DBE6CNXH>C9:;>C>I: A>;:6HH:IH 8=6C<:H>CI:8=CDAD<>86A69K6C8:H ;AJ8IJ6I>DCH>CI=:;6>GK6AJ:D;HJ8=6HH:IH 69K:GH:8=6C<:H>CG:A6I>DCH=>EHL>I= AD86A ;G6C8=>H: 6JI=DG>I>:H 69K:GH: 8=6C<:H >C B6G@:I 8DC9>I>DCH DG 6 9:I:G>DG6I>DC D; 8JGG:CI DG :ME:8I:9 ;JIJG: DE:G6I>C< G:HJAIH #;6G:K>:L>C9>86I:HI=6II=:86GGN>CHCDIG:8DK:G67A:;GDB:HI>B6I:9JC9>H8DJCI:986H=;ADLH I=:86GGN>CHG:9J8:9ID>IH:HI>B6I:9;6>GK6AJ: 1=>A:I=:DBE6CN7:A>:K:HI=6I>IH:HI>B6I:HD;;JIJG: 86H= ;ADLH 6G: G:6HDC67A: 9>;;:G:CI 6HHJBEI>DCH G:<6G9>C< HJ8= 86H= ;ADLH 8DJA9 B6I:G>6AAN 6;;:8I >IH :K6AJ6I>DCH D; 6HH:I G:8DK:G67>A>IN (D>BE6>GB:CIHD;ADC< A>K:96HH:IH=:A9;DGJH:L:G:G:8DG9:9>C 6C9 DGCDC HIG6I:<>8 ADC< A>K:96HH:IH=:A9;DGH6A:6C9JAI>B6I:ANHDA9 I=:DBE6CNG:8DG9:9>BE6>GB:CIHD;6EEGDM>B6I:ANB>AA>DC6C9 B>AA>DC9JG>CK:AN IDDI=:GDE:G6I>C<:ME:CH:H C:I

 &(&#!!)"(#"'" "')'&' "#('(##"'# ("" '((!"(' !& " 1<99.?@6;:6996<;@2E02=A@5.?2

.=:EG>B6GNA:6H:96HH:I8A6HH:HD;I=:DBE6CN>C8AJ9:G:6A:HI6I: 96G@;>7:G 8DAD86I>DC;68>A>I>:H6C9DI=:G:FJ>EB:CI .=: A:6H:6C8AJ9:7DI=A:6H:6C9CDC A:6H:8DBEDC:CIH L=>8=I=:DBE6CN688DJCIH;DGH:E6G6I:AN9:E:C9>CDCB69:;DG:68=A:6H:96HH:I8A6HH DGG:6A:HI6I:6C996G@;>7:GA:6H:96HH:I8A6HH:H I=:DBE6CN688DJCIH;DGA:6H:6C9 CDC A:6H:8DBEDC:CIH6H6H>CC8AJ9:H6AA;>M:9E6NB:CIH>CI=:B:6HJG:B:CID;A:6H:A>67>A>I>:H6C9 A:6H:6HH:IH DG8DAD86I>DC;68>A>I>:HA:6H:96HH:I8A6HH I=:DBE6CN688DJCIH;DGA:6H:6C9CDC A:6H:8DBEDC:CIHH:E6G6I:AN >C8AJ9>CM:9A:6H:E6NB:CI8DBEDC:CI>CI=:B:6HJG:B:CID;A:6H:A>67>A>I>:H6C9A:6H:6HH:IH

#C699>I>DCID;>M:9A:6H:E6NB:CIH 8:GI6>CD;I=:DBE6CNXHA:6H:6C8AJ9:K6G>67A:A:6H:E6NB:CIHL=>8=6G:I>:9 ID 6C >C9:M DG G6I: HJ8= 6H I=: 8=6C<: >C I=: DCHJB:G *G>8: #C9:M .=:H: K6G>67A: E6NB:CIH 6G: CDI >C8AJ9:9 >C I=: B:6HJG:B:CID;I=:A:6H:A>67>A>I>:H6C9A:6H:6HH:IH

&:6H: 6HH:IH 6C9 A:6H: A>67>A>I>:H 6G: >C>I>6AAN G:8DO:9 76H:9 DC I=: EG:H:CI K6AJ: D; I=: ;JIJG: A:6H: E6NB:CIH DK:G I=: :ME:8I:9 A:6H: I:GB H ;DG BDHI A:6H:H I=: >BEA>8>I G6I: >H CDI G:69>AN 9:I:GB>C67A: I=: DBE6CN JH:H 6 9>H8DJCI G6I: >C 9:I:GB>C>C< I=: EG:H:CI K6AJ: D; ;JIJG: E6NB:CIH 76H:9 DC I=: N>:A9 ID B6IJG>IN D; I=: DBE6CNXH H:8JG:9 EJ7A>8AN IG69:9 /C>I:9-I6I:H9DAA6GH9:CDB>C6I:99:7I>CHIGJB:CIH>CI:GEDA6I>CDCD;I=:9:7IIDI=:I:GBD;I=::M:8JI:9A:6H:

.=:DBE6CNXHA:6H:H=6K:76H:G:CIE:G>D9H6C9HDB:L>I=DEI>DC6AG:C:L6AE:G>D9H &:6H:HL>I=76H:G:CIE:G>D9HD;A:HH I=6CBDCI=H6G:CDIG:8DG9:9DCI=:76A6C8:H=::I DGEJGEDH:HD;B:6HJG:B:CID;A:6H:A>67>A>I>:H I=::ME:8I:9A:6H: I:GBH B6N >C8AJ9: G:C:L6A DEI>DCH L=:C >I >H G:6HDC67AN 8:GI6>C I=6I I=: DBE6CN L>AA :M:G8>H: HJ8= DEI>DCH 6H:9 DC 8DC9>I>DCHD;I=:DBE6CNH:M>HI>CIHDK:G6AA7JH>C:HHHIG6I:<>:H I=:B6?DG>IND;I=:DBE6CNHG:C:L6ADEI>DCH 6G:CDIG:6HDC67AN8:GI6>C>C9:I:GB>C>CAAE:G>D9>86AANG:6HH:HH:ME:8I:9A:6H:I:GBH 6C9EJG8=6H:DEI>DCH >;6EEA>867A:76H:9DCH>;>86CIIG><<:G>C<:K:CIHDG8DBE:AA>C<:8DCDB>8G:6HDCHID:M:G8>H:HJ8= DEI>DCH

.=:DBE6CNXHEG>B6GNA:6H:>C8DB:G:EG:H:CIHHJ7A:6H:>C8DB:DC8:GI6>CG:6A:HI6I:A:6H:H -J7A:6H:>C8DB:>H>C8AJ9:9>C DI=:GG:K:CJ:6C9EG:H:CI:9H::FJ>EB:CI* L=:G:HJ8=* LDJA9FJ6A>;N 6H6A:6H: I=:DBE6CN6EEA>:HI=:EG68I>86A:ME:9>:CIID8DB7>C:I=:DE:G6I>CI=I=:HJ7H8G>EI>DCH:GK>8:G:K:CJ:6H 6H>C<6I>DC>C688DG96C8:L>I=G:K:CJ:G:8DI>DC688DJCI>C<96C8:6HI=:HJ7H8G>EI>DCH:GK>8:>HI=: EG:9DB>C6CI8DBEDC:CI

>2/< 98-?<==/>=

)I=:G CDC8JGG:CI 6HH:IH EG>B6G>AN >C8AJ9: >CK:HIB:CIH L>G:A:HH HE:8IGJB A>8:CH:H IG69:B6G@H 8JHIDB:G 8DCIG68I 8DHIH 6C9 DI=:G>CI6C<>7A:6HH:IH .=:DBE6CN688DJCIH;DG>IH>CK:HIB:CIH>CA:HHI=6CB6?DG>INDLC:9>CK:HI::HJC9:G:>I=:GI=::FJ>IN B:I=D9 DG 6H :FJ>IN H:8JG>I>:H .=: DBE6CN 6EEA>:H I=: :FJ>IN B:I=D9 ID >CK:HIB:CIH L=:C >I =6H I=: 67>A>IN ID :M:G8>H: H>;>86CI>C;AJ:C8:DK:GI=:DE:G6I>C<6C9;>C6C8>6AEDA>8>:HD;I=:>CK:HI:: .=:DBE6CNXHH=6G:D;I=:>CK:HI::XH:6GC>CH>C8AJ9:9>CDI=:G:ME:CH: C:I>CI=:8DCHDA>96I:9HI6I:B:CIHD;DE:G6I>DCH .=:DBE6CNBDC>IDGH>IH>CK:HIB:CIH ;DG>C9>86IDGHI=6I69:8G:6H:>C>CK:HIB:CIK6AJ:=6HD88JGG:9I=6I>HDI=:GI=6CI:BEDG6GN #;>I=6H7::C9:I:GB>C:9I=6I6C >CK:HIB:CI=6HHJHI6>C:96CDI=:GI=6CI:BEDG6GN9:8A>C:>CK6AJ: I=:>CK:HIB:CI>HLG>II:C9DLCID;6>GK6AJ:L>I=68=6G<:ID :6GC>CG:9 6G: B:6HJG:9 6I ;6>G K6AJ: JI>A>O>C< I=: 68FJ>H>I>DC B:I=D9 D; 688DJCI>C< .=: 9>;;:G:C8: 7:IL::C I=: ;6>G K6AJ: 6C9 I=: 6BDJCI D; JC9:GAN>C< :FJ>IN >C C:I 6HH:IH ;DG BDHI :FJ>IN B:I=D9 >CK:HIB:CIH >H 9J: ID EG:K>DJHAN JCG:8DO:9 >CI6C<>7A: 6HH:IH 6I I=: >CK:HI:: .=:H: 6BDJCIH 6G: 6BDGI>O:9 6H 6 8DBEDC:CI D; :FJ>IN :6GC>CI=>C DI=:G :ME:CH: C:I DK:G I=: :HI>B6I:9 JH:;JA A>;: D; I=: 6HH:I 1>G:A:HH HE:8IGJB A>8:CH:H 6C9 IG69:B6G@H=6K:7::C9:I:GB>C:9ID=6K:6C>C9:;>C>I:A>;:6C96G:I:HI:96CCJ6AAN;DG>BE6>GB:CI JHIDB:G8DCIG68I8DHIH6G: 9:;:GG:9 >C DI=:G CDC8JGG:CI 6HH:IH ;DG JE;GDCI 8DHIH >C8JGG:9 ID D7I6>C 6 8JHIDB:G 8DCIG68I 6C9 JE;GDCI 8DHIH ID ;JA;>AA 6 8JHIDB:G8DCIG68I 6H;JGI=:G9>H8JHH:97:ADLJC9:GI=: (&'#!% #"'%' #&'&688DJCI>C8N

 &(&#!!)"(#"'" "')'&' "#('(##"'# ("" '((!"(' !& " 1<99.?@6;:6996<;@2E02=A@5.?2

#/@/8?/#/-9183>398

(6IJG:D;-:GK>8:H

&"' %)&

,:H>9:CI>6A8JHIDB:GH6G:D;;:G:9#CI:GC:I K>9:D 6C9KD>8:H:GK>8:HEG>B6G>ANDC6HJ7H8G>EI>DC76H>H ,:H>9:CI>6A8JHIDB:GH B6N<:C:G6AAN86C8:AI=:>GHJ7H8G>EI>DCH6II=::C9D;I=:>GBDCI=ANH:GK>8:E:G>D9L>I=DJIE:C6AIN 68=HJ7H8G>EI>DCH:GK>8: EGDK>9:9 >H 688DJCI:9 ;DG 6H 6 9>HI>C8I E:G;DGB6C8: D7A><6I>DC 6C9 G:K:CJ: >H G:8DO:9 G6I67AN DK:G I=: BDCI=AN H:GK>8: E:G>D9 6H I=: HJ7H8G>EI>DC H:GK>8:H 6G: 9:A>K:G:9 68= DEI>DC6A H:GK>8: EJG8=6H:9 >H <:C:G6AAN 688DJCI:9 ;DG 6H 6 9>HI>C8I E:G;DGB6C8:D7A><6I>DCL=:CEJG8=6H:96C9G:K:CJ:>HG:8DO:9L=:CI=:H:GK>8:>HEGDK>9:9

,:H>9:CI>6A#CI:GC:I8JHIDB:GHG:8:>K:96I69DLCAD696C9JEAD69H:GK>8:HL>I=HE::9H9:E:C9:CIDCI=:H:A:8I:9I>:GD;H:GK>8: JHIDB:GH 6G: 6AHD D;;:G:9 6 H:8JG>IN HJ>I: 6C >C =DB: 1> > EGD9J8I 6C9 6C DJI D; =DB: 1> > H:GK>8: #CI:GC:I G:K:CJ:H 8DCH>HIEG>B6G>AND;96I6H:GK>8:H 1> >H:GK>8:;::H6C9#CI:GC:I>CHI6AA6I>DC;::H

,:H>9:CI>6A K>9:D 8JHIDB:GH =6K: I=: DEI>DC ID EJG8=6H: 699>I>DC6A I>:GH D; H:GK>8:H 6H L:AA 6H K>9:D DC 9:B6C9 V0)W EGDC< 6C9 E6N E:G K>:L EGDC< DC 6 E:G :K:CI 76H>H 0>9:D G:K:CJ:H 8DCH>HI EG>B6G>AN D; G:K:CJ:H ;GDB I=: H:A:8I:9 EGDC< H:GK>8: I>:G 6H L:AA 6H 0) ;::H E6N E:G K>:L ;::H G:IG6CHB>HH>DC ;::H G:EB:CI H:GK>8:;::H6C9K>9:D>CHI6AA6I>DC;::H

,:H>9:CI>6AKD>8:8JHIDB:GHG:8:>K:JCA>B>I:9AD86A6C9ADC<9>HI6C8:86AA>CI:9-I6I:H 6C696 ':M>8D 6C9*J:GID ,>8D KD>8:B6>A 86AAL6>I>C< 86AA:G# 86AA;DGL6G96C9DI=:G;:6IJG:H JHIDB:GHB6N6AHDEJG8=6H:>CI:GC6I>DC6A86AA>C< :>I=:G 7N I=: B>CJI: DG I=GDJ<= E68@6<:H D; B>CJI:H E:G BDCI= 0D>8: G:K:CJ:H 8DCH>HI EG>B6G>AN D; KD>8: H:GK>8:H 6C9 G:

! "(! (&"&&

-B6AA 6C9 B:9>JB 7JH>C:HH -' 8JHIDB:GH 6G: D;;:G:9 #CI:GC:I K>9:D 6C9 KD>8: H:GK>8:H H>B>A6G ID I=DH: EGDK>9:9 ID G:H>9:CI>6A 8JHIDB:GH -' 8JHIDB:GH B6N <:C:G6AAN 86C8:A I=:>G HJ7H8G>EI>DCH 6I I=: :C9 D; I=:>G BDCI=AN H:GK>8: E:G>D9 L>I=DJI E:C6AIN 68= HJ7H8G>EI>DC H:GK>8: EGDK>9:9 >H 688DJCI:9 ;DG 6H 6 9>HI>C8I E:G;DGB6C8: D7A><6I>DC 6C9 G:K:CJ: >H G:8DO:9G6I67ANDK:GI=:BDCI=ANH:GK>8:E:G>D96HI=:HJ7H8G>EI>DCH:GK>8:H6G:9:A>K:G:9

"'%$%&

-:GK>8:H ID :CI:GEG>H: 8A>:CIH >C8AJ9: BDG: I6>ADG:9 8DBBJC>86I>DCH EGD9J8IH 6C9 B6C6<:9 H:GK>8: HDAJI>DCH ID A6G<:G 7JH>C:HH:H 6HL:AA6H=><= 86E68>INA6HI B>A:96I68DCC:8I>K>INH:GK>8:HIDBD7>A:6C9L>G:A>C:86GG>:GHDC6L=DA:H6A:76H>H -:GK>8:H6G:EG>B6G>AND;;:G:9DC6HJ7H8G>EI>DC76H>HL>I=68DCIG68IJ6AANHE:8>;>:96C9CDC 86C8:A67A:H:GK>8:E:G>D9 68= HJ7H8G>EI>DCH:GK>8:EGDK>9:9>H688DJCI:9;DG6H69>HI>C8IE:G;DGB6C8:D7A><6I>DC6C9G:K:CJ:>HG:8DO:9G6I67ANDK:GI=: 8DCIG68I E:G>D9 6H I=: HJ7H8G>EI>DC H:GK>8:H 6G: 9:A>K:G:9 CI:GEG>H: HJ7H8G>EI>DC H:GK>8:H 6G: 7>AA:9 6H BDCI=AN G:8JGG>C< 8=6G<:HID8JHIDB:GH6C9G:A6I:9>CHI6AA6I>DCH:GK>8:H >;6EEA>867A: 6G:7>AA:9JEDC8DBEA:I>DCD;I=:8JHIDB:G>CHI6AA6I>DC #CHI6AA6I>DC H:GK>8:H 6G: CDI 688DJCI:9 ;DG 6H 9>HI>C8I E:G;DGB6C8: D7A><6I>DCH 7JI G6I=:G 6 8DBEDC:CI D; I=: 8DCC:8I>K>IN H:GK>8:H 6C9I=:G:;DG:JE;GDCI>CHI6AA6I>DC;::H6G:9:;:GG:96C9G:8DO:96HG:K:CJ:DK:GI=:G:A6I:98DCIG68IE:G>D9

)%'&"%)&

.=:DBE6CND;;:GHAD86A G:<>DC6A6C9C6I>DC6A7JH>C:HH:HI=:DEEDGIJC>INID69K:GI>H:>C>C9>K>9J6A6C9BJAI>EA:H:GK>8:6G:6H DC867A:I:A:K>H>DCC:ILDG@H6C99><>I6ADJIA:IH *A68:B:CID;69K:GI>H>C<>H688DJCI:9;DG6H69>HI>C8IE:G;DGB6C8:D7A><6I>DC 6C9G:K:CJ:>HG:8DO:96II=:ED>CI>CI>B:L=:CI=:69K:GI>H>C<>H9>HIG>7JI:9 #CHDB:H:GK>8:6G:6H I=:DBE6CN=6H ;DGB:9 69K:GI>H>C< >CI:G8DCC:8IH DG :CI:G:9 >CID G:EG:H:CI6I>DC 6I= DI=:G K>9:D 9>HIG>7JIDGH JC9:G L=>8= I=: DBE6CNH:AAH69K:GI>H>CHIG>7JIDGH #CDI=:GH:GK>8:6G:6H I=:DBE6CN=6H:CI:G:9>CIDG:EG:H:CI6I>DC 68= 6CDI=:G DE:G6IDG >C I=: 6G:6 L>AA H:AA 69K:GI>H>C< DC I=: DBE6CNXH 7:=6A; DG G:EG:H:CI6I>DC 6GG6C<:B:CIH>CL=>8=I=:DBE6CN8DCIGDAHI=:H6A:D;69K:GI>H>C<6C968IH6HI=:EG>C8>E6AIDI=:IG6CH68I>DC I=:DBE6CN G:8DO:H G:K:CJ: :6GC:9 ;GDB I=: 69K:GI>H>C< 8JHIDB:G DC 6 H 6C9 I=: 6BDJCI G:B>II:9 ID I=: 9>HIG>7JIDG 6H 6C

&(&#!!)"(#"'" "')'&' "#('(##"'# ("" '((!"(' !& " 1<99.?@6;:6996<;@2E02=A@5.?2C<:ME:CH: DGDI=:GG:EG:H:CI6I>DC6GG6C<:B:CIH>CL=>8=I=:DBE6CN9D:HCDI8DCIGDAI=:H6A:D;69K:GI>H>C<6C9 68IH6H6C6<:CIIDI=:IG6CH68I>DC I=:DBE6CNG:8DO:HG:K:CJ:C:ID;6CN;::G:B>II:9IDI=:9>HIG>7JIDG

# 

.=:DBE6CN6AHDD;;:GHBD7>A:H:GK>8:IDG:H>9:CI>6A6C9-'8JHIDB:GH 'D7>A:H:GK>8:H6G:HDA9JC9:GJCA>B>I:996I6 EA6CH DG 7N I=: <>< 96I6 JH6<: EA6CH 6C9 G:K:CJ: >H G:8DO:9G6I67AN DK:G I=: BDCI=AN H:GK>8: E:G>D9 6H I=: H:GK>8:H 6G: 9:A>K:G:9 JHIDB:GH86CEJG8=6H:BD7>A::FJ>EB:CI >C8AJ9>C<9:K>8:H6C9688:HHDGNEGD9J8IH 6C9=6K:I=:DEI>DCIDE6N;DG 9:K>8:HJC9:G>CI:G:HI ;G::BDCI=AN>CHI6AAB:CIEA6CH .=:H6A:D;:FJ>EB:CI>H6H:E6G6I:E:G;DGB6C8:D7A><6I>DC ,:K:CJ:>H G:8DO:9;GDBI=:H6A:D;:FJ>EB:CIJEDC9:A>K:GN6C9688:EI6C8:7NI=:8JHIDB:G 6HI=>H>HL=:C8DCIGDAE6HH:HIDI=: 8JHIDB:G

.=:DBE6CNXHG:K:CJ:H7NEGD9J8IA>C:6G:6H;DAADLH

-2.?;121202:/2? #CI:GC:I 0>9:D 0D>8: ,:H>9:CI>6AG:K:CJ: -B6AA6C9B:9>JB7JH>C:HH CI:GEG>H: DBB:G8>6AG:K:CJ: 9K:GI>H>CA: )I=:G

::H>BEDH:9DCI=:DBE6CN7NK6G>DJHI>:H6G:E6HH:9I=GDJ<=DC6BDCI=AN76H>HIDI=:DBE6CNXH 8JHIDB:GH6C96G:E:G>D9>86AANG:B>II:9ID6JI=DG>I>:H ::HD; 7>AA>DC 7>AA>DC6C9 7>AA>DC;DGI=:N:6GH:C9:9 :8:B7:G 6C9 G:HE:8I>K:AN 6G:G:EDGI:9>CK>9:D KD>8: BD7>A:6C98DBB:G8>6AG:K:CJ:H DC6HL>I=68DGG:HEDC9>CC<:ME:CH:7:86JH:I=:DBE6CN>H68I>C<6H6EG>C8>E6A :GI6>CI6M:H HJ8=6HH6A:HI6M:H >BEDH:9DCI=:DBE6CNXH8JHIDB:GH 8DAA:8I:96C9G:B>II:9IDHI6I:6C9AD86A6JI=DG>I>:H 6G:G:8DG9:9DC6C:I76H>H7:86JH: I=:DBE6CN>H68I>C<6H6C6<:CI>CHJ8=H>IJ6I>DCH

H>;>86CIEDGI>DCD;DJGG:K:CJ:>H9:G>K:9;GDB8JHIDB:GHL=DB6N<:C:G6AAN86C8:AI=:>GBDCI=ANHJ7H8G>EI>DCH6II=::C9 D;I=:>GBDCI=ANH:GK>8:E:G>D9L>I=DJIE:C6AIN HHJ8= I=:6BDJCID;G:K:CJ:G:A6I:9IDJCH6I>H;>:9E:G;DGB6C8:D7A><6I>DCH >HCDIC:8:HH6G>AN>C9>86I>K:D;I=:;JIJG:G:K:CJ:ID7:G:8DO:9;GDBDJG:M>HI>C<8JHIDB:G76H: ,:K:CJ:;GDB8JHIDB:GH L>I=68DCIG68IJ6AANHE:8>;>:9I:GB6C9CDC 86C8:A67A:H:GK>8:E:G>D9L>AA7:G:8DO:9DK:GI=:I:GBD;HJ8=8DCIG68IH L=>8= >H<:C:G6AANILDIDH:K:CN:6GH;DGDJG:CI:GEG>H:8DCIG68IHL>I=6L:><=I:96K:G6<:I:GBD;6EEGDM>B6I:ANI=G::N:6GH

->;>86CI$J9C K6AJ6I>C<,:K:CJ:,:8DI>DC

.=:DBE6CND;I:CEGDK>9:HBJAI>EA:H:GK>8:HID68JHIDB:G *GDK>H>DCD;8JHIDB:GEG:B>H::FJ>EB:CI >CHI6AA6I>DCH:GK>8:H 6C9 699>I>DC6A H:GK>8: I>:GH B6N =6K: 6 H>;>86CI A:K:A D; >CI:DC 6C9 >CI:G9:E:C9:C8N L>I= I=: HJ7H8G>EI>DC #CI:GC:I K>9:D KD>8: DG 8DCC:8I>K>IN H:GK>8:H EGDK>9:9 $J9H G:FJ>G:9 ID 9:I:GB>C: L=:I=:G EGDK>H>DC D; 8JHIDB:G EG:B>H: :FJ>EB:CI >CHI6AA6I>DCH:GK>8:H 6C9699>I>DC6AH:GK>8:I>:GH6G:8DCH>9:G:99>HI>C8I6C9688DJCI:9;DGH:E6G6I:AN DGCDI9>HI>C8I 6C9688DJCI:9;DGID<:I=:GL>I=I=:HJ7H8G>EI>DCH:GK>8:H

AAD86I>DCD;I=:IG6CH68I>DCEG>8:IDI=:9>HI>C8IE:G;DGB6C8:D7A><6I>DCH>C7JC9A:9G:H>9:CI>6AH:GK>8:HJ7H8G>EI>DCHG:FJ>G:H ?J9DCEG>8:;DG67JC9A:D;G:H>9:CI>6AH:GK>8:H>H;G:FJ:CIANA:HHI=6CI=:HJBD;I=:HI6C96ADC:H:AA>C< EG>8:HD;:68=>C9>K>9J6AH:GK>8: .=:DBE6CN6AAD86I:HI=:G:H>9:CI>6AH:GK>8:H7JC9A:9>H8DJCI6BDC8:HIDL=>8=

&(&#!!)"(#"'" "')'&' "#('(##"'# ("" '((!"(' !& " 1<99.?@6;:6996<;@2E02=A@5.?2H8DJCI G:A6I:H 76H:9 DC I=: G:A6I>K: HI6C96ADC: H:AA>C< EG>8:H D; I=DH: H:GK>8:H -I6C96ADC: H:AA>C< EG>8:H ;DG I=: DBE6CNXHG:H>9:CI>6A#CI:GC:I6C9K>9:DH:GK>8:H6G:9>G:8IAND7H:GK67A: L=>A:HI6C96ADC:H:AA>C8:;DGI=:DBE6CNXH G:H>9:CI>6AKD>8:H:GK>8:>H:HI>B6I:9JH>C8=G:A>:HJEDC>C;DGB6I>DC;GDBE::GH 6C98DBE:I>IDGHL=DH:AAG:H>9:CI>6AKD>8:H:GK>8:H>C9>K>9J6AAN

.=:DBE6CN7:A>:K:HG:H>9:CI>6A6C9-'CDC G:;JC967A:JE;GDCI>CHI6AA6I>DC;::H8=6G<:9ID8JHIDB:GHG:HJAI>C6B6I:G>6A G><=IIDG:C:LI=:8DCIG68I6HHJ8=;::H6G:CDIG:FJ>G:9ID7:E6>9JEDCHJ7H:FJ:CIG:C:L6AH .=:G:H>9:CI>6A6C9-'JE;GDCI ;::>H9:;:GG:9DK:GI=:E:G>D9I=:;::G:B6>CHB6I:G>6AIDI=:8JHIDB:G L=>8=I=:DBE6CN=6H:HI>B6I:9ID7:6EEGDM>B6I:AN H>MBDCI=H HI>B6I>DCD;I=:E:G>D9I=:;::G:B6>CHB6I:G>6AIDI=:8JHIDB:GG:FJ>G:H8DCH>9:G6I>DCD;7DI=FJ6CI>I6I>K:6C9 FJ6A>I6I>K:;68IDGH>C8AJ9>C<6K:G6<:>CHI6AA6I>DC;:: 6K:G6<:G:K:CJ:E:G8JHIDB:G 6C98JHIDB:G7:=6K>DG 6BDC

:;:GG:9,:K:CJ:DCIG68I&>67>A>I>:H

.>B>C< D; G:K:CJ: G:8DI>DC B6N 9>;;:G ;GDB I=: I>B>C< D; >CKD>8>C< ID 8JHIDB:GH ,:H>9:CI>6A -' 6C9 :CI:GEG>H: 8JHIDB:GH 6G: >CKD>8:9 ;DG HJ7H8G>EI>DC H:GK>8:H >C 69K6C8: D; I=: H:GK>8: E:G>D9 :;:GG:9 G:K:CJ: A>67>A>I>:H DG 8DCIG68I A>67>A>I>:H 6G: G:8DG9:9 L=:C I=: DBE6CN 8DAA:8IH E6NB:CIH >C 69K6C8: D; E:G;DGB>C< I=: H:GK>8:H :;:GG:9 G:K:CJ: A>67>A>I>:H DG8DCIG68IA>67>A>I>:H 6G:6AHDG:8DG9:9L=:CI=:DBE6CN>CKD>8:H8JHIDB:GHJE;GDCI;DG>CHI6AA6I>DCH:GK>8:HI=6I 6G:G:8DO:96HG:K:CJ:DK:GI>B: ,:H>9:CI>6A6C9-'>CHI6AA6I>DCG:K:CJ:H6G:9:;:GG:9DK:GI=:E:G>D9I=:;::G:B6>CH B6I:G>6AIDI=:8JHIDB:G CI:GEG>H:>CHI6AA6I>DCG:K:CJ:H6G:9:;:GG:9JH>C<6EDGI;DA>D6EEGD68=DK:GI=:6K:G6<:8DCIG68IA>;: D; :68= :CI:GEG>H: H:GK>8: 86I:67>A>I>:H 8DCH>HI>C< D; 8JHIDB:G EG:E6NB:CIH D; B>AA>DC 6C9 B>AA>DC G:HE:8I>K:AN 6C9 JE;GDCI >CHI6AA6I>DC ;::H D; B>AA>DC 6C9 B>AA>DC G:HE:8I>K:AN L:G:>C8AJ9:9>C688DJCIHE6N67A:6C9688GJ:9A>67>A>I>:H HD;:8:B7:G 6C9 ADC< I:GB 9:;:GG:9G:K:CJ:A>67>A>I>:H8DCH>HI>CH:JE;GDCI>CHI6AA6I>DC;::HD;B>AA>DC6C9B>AA>DC G:HE:8I>K:AN L:G: >C8AJ9:9>CDI=:GADC< I:GBA>67>A>I>:H

?=>97/<98><+->9=>=

.=:DBE6CNG:8DO:H6C6HH:I;DG>C8G:B:CI6A8DHIHD;D7I6>C>C<68DCIG68IL>I=68JHIDB:G>;I=:6BDGI>O6I>DCE:G>D9D; I=DH:8DHIH>H:ME:8I:9ID7:ADC<:GI=6CDC:N:6G6C9I=:8DHIH6G::ME:8I:9ID7:G:8DK:G:9 CI:GEG>H:H6A:H8DBB>HH>DC8DHIH B::I I=: G:FJ>G:B:CIH ID 7: 9:;:GG:9 6C9 6H 6 G:HJAI 6G: G:8DO:9 JH>C< 6 EDGI;DA>D 6EEGD68= DK:G 6 L:><=I:9 6K:G6<: 8DCIG68IE:G>D9 :;:GG:9:CI:GEG>H:8DBB>HH>DC8DHIH6G:>C8AJ9:9>CDI=:GCDC8JGG:CI6HH:IH>CI=:8DCHDA>96I:976A6C8:H=::I 6C9IDI6A:9B>AA>DC6C9B>AA>DC6HD;:8:B7:G 6C9 G:HE:8I>K:AN HI=:6BDGI>O6I>DCE:G>D9D; G:H>9:CI>6A6C9-'8DBB>HH>DCH8DHIH>HA:HHI=6CDC:N:6G I=:DBE6CN6EEA>:HI=:EG68I>86A:ME:9>:CII=6I6AADLHHJ8= 8DHIHID7::ME:CH:96H>C8JGG:9 .=:DBE6CN=6H9:I:GB>C:9I=6II=:6BDGI>O6I>DCE:G>D96HHD8>6I:9L>I=G:H>9:CI>6A6C9 -'8DBB>HH>DC8DHIH>HA:HHI=6CDC:N:6G76H:9DCFJ6A>I6I>K:6C9FJ6CI>I6I>K:;68IDGH

.=: DBE6CN G:8DO:H 6C 6HH:I ;DG 8DHIH >C8JGG:9 ID ;JA;>AA 6 8DCIG68I L=:C I=DH: 8DHIH 6G: 9>G:8IAN G:A6I:9 ID H:GK>8:H EGDK>9:9JC9:GI=:8DCIG68I <:C:G6I:DG:C=6C8:G:HDJG8:HD;I=::CI>INI=6IL>AA7:JH:9>CE:G;DGB>C8:D7A><6I>DCH JC9:G I=: 8DCIG68I 6C9 6G: :ME:8I:9 ID 7: G:8DK:G:9 ,><=I D; :CIGN 8DHIH G:EG:H:CI JE;GDCI 8DHIH >C8JGG:9 G:A6I:9 ID 6CIDL>I=BJAI>EA:9L:AA>CIHV'/HW>C8AJ9>C:HDGDLC:GHID<6>C 688:HH ID 6 7J>A9>C< >C DG9:G ID B6G@:I 6C9 H:GK>8: 8JHIDB:GH L=D G:H>9: >C I=: 7J>A9>C< ,><=I D; :CIGN 8DHIH B::I I=: G:FJ>G:B:CIHID7:9:;:GG:96C9 6H6G:HJAI 6G:G:8DO:9DK:GI=:I:GBD;I=:8DCIG68IH :;:GG:9G><=I D; :CIGN8DHIH6G: >C8AJ9:9 >C DI=:G CDC8JGG:CI 6HH:IH >C I=: 8DCHDA>96I:9 76A6C8: H=::I 6C9 IDI6A:9 B>AA>DC 6C9 B>AA>DC 6H D; :8:B7:G 6C9 G:HE:8I>K:AN BDGI>O6I>DC:ME:CH:D;B>AA>DC B>AA>DC6C9B>AA>DCL6H>C8AJ9:9>C G:K>IN6C9EGD9J8:98DCI:CIL>I=>CDE:G6I>C<8DHIH6C9:ME:CH:H>CI=:8DCHDA>96I:9HI6I:B:CIHD;DE:G6I>DCH ;DGI=:N:6GH:C9:9:8:B7:G 6C9 G:HE:8I>K:AN ,:H>9:CI>6A6C9-'>CHI6AA6I>DC8DHIHCDI86E>I6A>O:9 >CIDEGDE:GIN EA6CI6C9:FJ>EB:CI6G::ME:CH:96H>C8JGG:9JC9:G867A:>C9JHIGN HE:8>;>896C8:

!<91<+773819=>=

.=:DBE6CN=6HK6G>DJH8DCIG68IHIDD7I6>CK>9:DEGDC<;GDBK:C9DGHL=DH:8DBE:CH6I>DC>HINE>86AAN76H:9DC6;A6I ;:: E:G 8JHIDB:G .=: 8DHI D; I=: G><=I ID :M=>7>I C:ILDG@ EGDC< JC9:G HJ8= 6GG6C<:B:CIH >H G:8DG9:9 >C DE:G6I>C< :ME:CH:H >C I=: BDCI= I=: EGDC< >H 6K6>A67A: ;DG :M=>7>I>DC *GDC< 8DHIH 6G: E6>9 :68= BDCI= 76H:9 DC 86A8JA6I>DCH E:G;DGB:9 7N I=: DBE6CN 6C9 6G: HJ7?:8I ID E:G>D9>8 6J9>IH E:G;DGB:9 7N I=: EGDC EGDC< 8DCIG68IH 8DCI6>C 86H= 6C9 CDC 86H= 8DCH>9:G6I>DC ;GDB I=: EGD9:G6I>DC G:8:>K:9 9D:H CDI

&(&#!!)"(#"'" "')'&' "#('(##"'# ("" '((!"(' !& " 1<99.?@6;:6996<;@2E02=A@5.?28: I=:DBE6CNG:8DO:HI=:8DCH>9:G6I>DCDC6HIG6><=I A>C:76H>HDK:GI=:A>;:D;I=: EGDC<6DCD;EGDC<:ME:CH: *GDC<8DHIH>C8AJ9:9>CI=:HI6I:B:CIHD;DE:G6I>DCH L:G: 7>AA>DC 7>AA>DC6C9 7>AA>DC;DGI=:N:6GH:C9:9:8:B7:G 6C9 G:HE:8I>K:AN

.@/<>3=3819=>=

9K:GI>H>C<8DHIH6HHD8>6I:9L>I=B6G@:I>C8:H6G:<:C:G6AAN:ME:CH:96H8DHIH6G:>C8JGG:9

?6>3:6/6/7/8>%<+8=+->398=

#C I=: CDGB6A 8DJGH: D; 7JH>C:HH I=: DBE6CN :CI:GH >CID BJAI>EA: :A:B:CI IG6CH68I>DCH L=:G: >I >H H>BJAI6C:DJHAN 7DI= 6 8JHIDB:G 6C9 6 K:C9DG L>I= I=: H6B: 8DJCI:GE6GIN DG >C L=>8= >I EJG8=6H:H BJAI>EA: EGD9J8IH 6C9DG H:GK>8:H DG H:IIA:H DJIHI6C9>C< >I:BH 8DCI:BEDG6C:DJH L>I= I=: EJG8=6H: D; 6 EGD9J8I DG H:GK>8: ;GDB 6 H>CDCH 6AI=DJ<=C:6I:98DCI:BEDG6C:DJHAN B6N7:9D8JB:CI:9>CDC:DGBDG:8DCIG68IH .=:DBE6CNXHEDA>8N;DG688DJCI>C< ;DG :68= IG6CH68I>DC C:6I:9 8DCI:BEDG6C:DJHAN >H ID G:8DG9 :68= :A:B:CI D; I=: IG6CH68I>DC 76H:9 DC I=: G:HE:8I>K: :HI>B6I:9;6>GK6AJ:HD;I=:EGD9J8IHDGH:GK>8:HEJG8=6H:96C9I=:EGD9J8IHDGH:GK>8:HHDA9 #C9:I:GB>C>CGK6AJ:D; I=:G:HE:8I>K::A:B:CIH I=:DBE6CNG:;:GHIDFJDI:9B6G@:IEG>8:HL=:G:6K6>A67A: =>HIDG>86AIG6CH68I>DCHDG8DBE6G67A: 86H=IG6CH68I>DCH 6H=8DCH>9:G6I>DCG:8:>K:9;GDB6K:C9DG>HG:8DG9:96H6G:9J8I>DC>CI=:EG>8:D;I=:K:C9DGXHEGD9J8I JCA:HH>I=:8DCH>9:G6I>DC>H;DGI=:G:>B7JGH:B:CID;6HE:8>;>8 >C8G:B:CI6A >9:CI>;>67A:8DHI>C8JGG:9 >CL=>8=86H:I=:86H= 8DCH>9:G6I>DCG:8:>K:9LDJA97:G:8DG9:96H6G:9J8I>DC>CHJ8=8DHI: < B6G@:I>C<8DHIH DG>>6C>9:CI>;>67A:7:C:;>I>C :M8=6C<:;DGI=:8DCH>9:G6I>DC>HEGDK>9:9 >CL=>8=86H:G:K:CJ:LDJA97:G:8DO:9;DGI=>H:A:B:CI

$>9-5+=/.97:/8=+>398

,:HIG>8I:9HID8@ G:HIG>8I:9HID8@JC>IH HID8@DEI>DCH6HL:AA6H:FJ>IN6L6G9HL>I=B6G@:I8DC9>I>DCH6G:B:6HJG:96II=:GK6AJ:6C96BDGI>O:9IDHID8@8DBE:CH6I>DC:ME:CH:DK:GI=:G:FJ>H>I:H:GK>8:E:G>D9 .=:;6>GK6AJ:D;HID8@DEI>DCH>H :HI>B6I:9DCI=:96I:D;CDC EG>8>CGK6AJ:D;:FJ>IN6L6G9HL>I=B6G@:I 8DC9>I>DCH>H:HI>B6I:9DCI=:96I:D;C<'DCI:6GADH>BJA6I>DCH .=:<=I:96K:G6<:6HHJBEI>DCHJH:9 9JG>CK:AN L:G:G>H@ ;G::>CI:G:HIG6I:D; 6C9 :ME:8I:9KDA6I>A>IND; 6C96C9:ME:8I:9A>K:HD; N:6GH N:6GH6C9 N:6GH .=:DBE6CNXHKDA6I>A>IN 6HHJBEI>DCHG:EG:H:CIB6C6<:B:CIXH7:HI:HI>B6I:6C9L:G:76H:9DC=>HIDG>86AKDA6I>A>IN ME:8I:9A>K:HL:G::HI>B6I:9JH>C< =>HIDG>86A :M:G8>H: 96I6 .=: K6AJ6I>DCH 6HHJB: CD 9>K>9:C9H 6G: E6>9 .=: DBE6CN =6H :A:8I:9 6C 688DJCI>C< EDA>8N ID 6HHJB:O:GD;DG;:>IJG:H;DGHID8@6L6G9HIJG:HL=:CI=:ND88JG

/038/./8/03>!/8=398!6+8=

.=:DBE6CNHEDCHDGHFJ6A>;>:96C9JCFJ6A>;>:99:;>C:97:C:;>IE:CH>DCEA6CHI=6IEGDK>9:E:CH>DC7:C:;>IHID6B6?DG>IND; :BEADN::HL=DL:G::BEADN:97N.>B:16GC:G67A:#C8 .17:;DG:I=:B:G<:GL>I=.1 *:CH>DC7:C:;>IH6G:76H:9 DC;DGBJA6HI=6IG:;A:8II=::BEADN::HXN:6GHD;H:GK>8:6C98DBE:CH6I>DC9JG>CG:BEADNB:CIE:G>D9 8IJ6G>6A<6>CHDG ADHH:H 6G: 8=6C<:H >C I=: 6BDJCI D; :>I=:G I=: 7:C:;>I D7A><6I>DC DG I=: ;6>G K6AJ: D; EA6C 6HH:IH G:HJAI>C< ;GDB :ME:G>:C8: 9>;;:G:CI;GDBI=6I6HHJB:9DG;GDB8=6C<:H>C6HHJBEI>DCH .=:DBE6CN=6H:A:8I:9ID;DAADL6B6G@ ID B6G@:IE:CH>DC 688DJCI>C8N;DGG:8DG9>C6A<6>CHDGADHH:H6CCJ6AAN9JG>C:G>;6G:B:6HJG:B:CI :K:CID88JGH9JG>C<6C>CI:G>BE:G>D9

8-97/%+B/=

.=:DBE6CNG:8DO:H9:;:GG:9I6M6HH:IH6C9A>67>A>I>:H;DGI:BEDG6GN9>;;:G:C8:H7:IL::CI=:;>C6C8>6AG:EDGI>C<76H>H6C9 I=:I6M76H>HD;I=:DBE6CNXH6HH:IH6C9A>67>A>I>:H6C9:ME:8I:97:C:;>IHD;JI>A>O>CC8:HJ7HI6CI>6AAN 6AAI=:DBE6CNXHDE:G6I>DCH6G:=:A9I=GDJ<=>IHE6GIC:GH=>E>CI:G:HI>C=6GI:G"DA9>CB6GN9:;:GG:9I6M8DBEDC:CI G:8DG9:9>CI=:8DCHDA>96I:976A6C8:H=::IG:A6I:HIDI=::M8:HH;>C6C8>6AG:EDGI>C9:76H>H :M8AJ9>C<6BDJCIH6IIG>7JI67A: IDCDC9:9J8I>7A:AA DK:G=6GI:GXHI6M76H>H>C>IH>CK:HIB:CI>CI=:E6GIC:GH=>E 06AJ6I>DC6AADL6C8:H6G::HI67A>H=:9 L=:C B6C6<:B:CI 9:I:GB>C:H I=6I >I >H BDG: A>@:AN I=6C CDI I=6I HDB: EDGI>DC DG I=: :CI>G: 9:;:GG:9 I6M 6HH:I L>AA CDI 7: G:6A>O:9 .=:>BE68IDC9:;:GG:9I6M:HD;8=6C<:H>CI6MG6I:H6C9I6MA6L >;6CN 6EEA>:9IDI=:N:6GH9JG>C8=I:BEDG6GN 9>;;:G:C8:H 6G: :ME:8I:9 ID 7: H:IIA:9 6G: G:;A:8I:9 >C I=: 8DCHDA>96I:9 ;>C6C8>6A HI6I:B:CIH >C I=: E:G>D9 D; :C68IB:CI #C 9:I:GB>C>CH>DC;DG;>C6C8>6AG:EDGI>CH=:H6G:H:GK:;DGJC8:GI6>CI6M

&(&#!!)"(#"'" "')'&' "#('(##"'# ("" '((!"(' !& " 1<99.?@6;:6996<;@2E02=A@5.?2I>DCHJCA:HHHJ8=EDH>I>DCH6G:9:I:GB>C:9ID7:VBDG:A>@:ANI=6CCDIWD;7:>CC:9JEDC:M6B>C6I>DC 76H:9DCI=:>G I:8=C>86A B:G>IH .=:G: >H 8DCH>9:G67A: ?J9CKDAK:9 >C B6@>C< HJ8= 6 9:I:GB>C6I>DC #CI:G:HI 6C9 E:C6AI>:H 6G: G:8DO:9DCJC8:GI6>C>C8DB:I6MEDH>I>DCH6HE6GID;I=:>C8DB:I6MEGDK>H>DC -::(DI:

$/17/8>=

.=:DBE6CNXHDE:G6I>DCH6G:B6C6<:96C9G:EDGI:9ID>IH=>:; M:8JI>K:);;>8:GV )W I=:DBE6CNXH8=>:;DE:G6I>C< 9:8>H>DCB6@:G DC68DCHDA>96I:976H>H .=: )6HH:HH:HE:G;DGB6C8:6C96AAD86I:HG:HDJG8:H76H:9DCI=:8DCHDA>96I:9 G:HJAIHD;DE:G6I>DCH /C9:GI=>HDG<6C>O6I>DC6A6C9G:EDGI>C

 99

8I>K>IN>CI=:6AADL6C8:;DG9DJ7I;JA688DJCIH>HHJBB6G>O:96H;DAADLH;DGI=:N:6GHEG:H:CI:9

-2.?;121202:/2? 6A6C8: 7:<>CC>CD9 =6G<:9ID:ME:CH: /C8DAA:8I:976A6C8:HLG>II:CD;; C:ID;G:8DK:G>:H 6A6C8: :C9D;E:G>D9 

 $?<=2?AF$9.;A.;1>B6=:2;A

*GDE:GIN EA6CI6C9:FJ>EB:CI8DCH>HIHD;I=:;DAADL>C<6HD;:8:B7:G 6C9

202:/2? 67A:9>HIG>7JI>DCHNHI:BH JHIDB:GEG:B>H::FJ>EB:CI6C9>CHI6AA6I>DCH 0:=>8A:H6C9:FJ>EB:CI J>A9>CBEGDK:B:CIH JGC>IJG: ;>MIJG:H6C9:FJ>EB:CI &:HH688JBJA6I:99:EG:8>6I>DC

.=:DBE6CNE:G>D9>86AAN:K6AJ6I:HI=::HI>B6I:9JH:;JAA>K:HJH:9ID9:EG:8>6I:>IH6HH:IH6C9I=::HI>B6I:96BDJCID;6HH:IH I=6IL>AA7:676C9DC:9DG=6K:B>C>B6AJH:>CI=:;JIJG: H>;>86CI8=6C<:>C6HHJBEI>DCH67DJII=::MI:CIDGI>B>CG:B:CIH DG >C I=: DBE6CNXH JH: D; C:L I:8=CDAD6AAN 6;;:8I ;JIJG: 9:EG:8>6I>DC:ME:CH:

:EG:8>6I>DC:ME:CH:;DGI=:N:6GH:C9:9:8:B7:G 6C9L6H 7>AA>DC 7>AA>DC 6C9 7>AA>DC G:HE:8I>K:AN

 ?.;056@2@<<1D699.;1#A52?;A.;46/92@@2A@

G6C8=>H:G><=IHG:EG:H:CII=:K6AJ:6IIG>7JI:9ID6O6I>DCHL>I=AD86A6C9HI6I:6JI=DG>I>:HI=6I6AADL688:HH ID=DB:H>C867A:H:GK>8:6G:6H DGK6AJ6I>DCEJGEDH:H I=:N6G:9:;>C:96HI=:;JIJG::8DCDB>87:C:;>IHD;I=:G><=IIDHDA>8>I 6C9 H:GK>8: EDI:CI>6A 8JHIDB:GH 8JHIDB:G B6G@:I>C< G><=IH 6C9 I=: G><=I ID 9:EADN 6C9 B6G@:I C:L H:GK>8:H ID EDI:CI>6A 8JHIDB:GHH:GK>8:B6G@:I>C<=IH

&(&#!!)"(#"'" "')'&' "#('(##"'# ("" '((!"(' !& " 1<99.?@6;:6996<;@2E02=A@5.?2B6I:HI=:;6>GK6AJ:D;;G6C8=>H:G><=IH6II=:96I:D;68FJ>H>I>DC6C99:I:GB>C:H>;I=:;G6C8=>H:=6H6;>C>I:A>;: DG6C>C9:;>C>I:A>;: .=:DBE6CN=6H8DC8AJ9:9I=6I6AAD;>IH;G6C8=>H:HFJ6A>;N;DG>C9:;>C>I:A>;:IG:6IB:CI<>K:CI=6II=:G: 6G:CDA:<6A G:I>K: :8DCDB>8DGDI=:G;68IDGHL=>8=A>B>II=:E:G>D9DK:GL=>8=I=:H:G><=IHL>AA 8DCIG>7JI: ID I=: DBE6CNH 86H= ;ADLH .=: DBE6CN G:6HH:HH:H I=>H 9:I:GB>C6I>DC E:G>D9>86AAN DG L=:C:K:G :K:CIH DG HJ7HI6CI>K:8=6C<:H>C8>G8JBHI6C8:HD88JG

AA ;G6C8=>H:H 6G: I:HI:9 ;DG >BE6>GB:CI 6CCJ6AAN DG BDG: ;G:FJ:CIAN 6H L6GG6CI:9 7N :K:CIH DG 8=6C<:H >C 8>G8JBHI6C8:H G6C8=>H:6HH:IH6G:6<CID:HH:CI>6AAN>CH:E6G67A:JC>IHD;688DJCI>CDCH .=:JC>IHD;688DJCI>C< <:C:G6AANG:EG:H:CI<:D86A8AJHI:G>CCIDI6I>K: ;68IDGHID9:I:GB>C:L=:I=:GI=::M>HI:C8:D;:K:CIHDG8>G8JBHI6C8:HA:69HID69:I:GB>C6I>DCI=6I>I>HBDG:A>@:ANI=6CCDII=6I 6C>C9:;>C>I:A>K:9>CI6C<>7A:6HH:I=6H7::C>BE6>G:9 #; 6;I:GI=>HDEI>DC6AFJ6A>I6I>K:6HH:HHB:CI I=:DBE6CN9:I:GB>C:H I=6I>I>HCDIBDG:A>@:ANI=6CCDII=6I6C>C9:;>C>I:A>K:9>CI6C<>7A:6HH:I=6H7::C>BE6>G:9 I=:CCD;JGI=:GFJ6CI>I6I>K:I:HI>C< >HC:8:HH6GN #C8DBEA:I>CI6I>K:>BE6>GB:CII:HI>C< I=:DBE6CN:K6AJ6I:H6BJAI>IJ9:D;;68IDGHI=6I6;;:8II=:;6>G K6AJ:D;DJG;G6C8=>H:6HH:IH M6BEA:HD;HJ8=;68IDGH>C8AJ9::CK>GDCB:CI6A6C98DBE:I>I>K:8=6C<:HL>I=>CDJGDE:G6I>C< ;DDIEG>CI 68IJ6A6C9EGD?:8I:9DE:G6I>CHI:C8ND;DJGDE:G6I>CCH :FJ>IN6C99:7IB6G@:IIG:C9H >C8AJ9>C<8=6C<:H>CDJGB6G@:I86E>I6A>O6I>DC 6C98=6C<:H>CDJGG:I>86AA6C9H86E: 6BDCI6I>K: 6HH:HHB:CI >C ;I:G 8DCH>9:G6I>DC D; I=: FJ6A>I6I>K: ;68IDGH >C I=: DBE6CN 8DC8AJ9:9I=6I>I>HBDG:A>@:ANI=6CCDII=6II=:;6>GK6AJ:D;I=:;G6C8=>H:6HH:IH>C:68=JC>ID;688DJCI>C<:M8::9HI=:86GGN>C< K6AJ:D;HJ8=6HH:IH6C9I=:G:;DG:9>9CDIE:G;DGB6FJ6CI>I6I>K:6C6ANH>H6II=:6HH:HHB:CI96I: *:G>D9>86AAN I=:DBE6CN L>AA :A:8I ID E:G;DGB 6 FJ6CI>I6I>K: 6C6ANH>H ;DG >BE6>GB:CI I:HI>C< #; I=: DBE6CN :A:8IH DG >H G:FJ>G:9 ID E:G;DGB 6 FJ6CI>I6I>K:6C6ANH>HIDI:HI>IH;G6C8=>H:6HH:IH;DG>BE6>GB:CI I=:B:I=D9DAD7:97:ADL>HJI>A>O:9

#;6FJ6CI>I6I>K:6C6ANH>H>HE:G;DGB:9 I=::HI>B6I:9;6>GK6AJ:D;;G6C8=>H:H>H9:I:GB>C:9JI>A>O>C<6C>C8DB:6EEGD68=BD9:A 76H:9DCI=:EG:H:CIK6AJ:D;I=::HI>B6I:99>H8G:I:;JIJG:86H=;ADLH6IIG>7JI67A:ID:68=D;I=:>CI6C<>7A:6HH:IH>9:CI>;>:9 6HHJB>C<69>H8DJCIG6I: .=:;6>GK6AJ:D;;G6C8=>H:H>H9:I:GB>C:976H:9DC:HI>B6I:99>H8G:I:9>H8DJCI:9;JIJG:86H=;ADLH JH>C<6HHJBEI>DCH8DCH>HI:CIL>I=>CI:GC6A;DG:86HIH .=:;G6C8=>H:6;I:G I6M86H=;ADL>H86A8JA6I:96HI=:6;I:G I6M86H=;ADL <:C:G6I:97NI=:EDI:CI>6A8JHIDB:GHD7I6>C:9 .=:HJBD;I=:EG:H:CIK6AJ:D;I=:;G6C8=>H:HX6;I:G I6M86H=;ADL>CN:6GH I=GDJ<=6C9I=:8DCI>CJ>C:A9HI=:;6>GK6AJ:D;I=:;G6C8=>H:H

.=>H6EEGD68=B6@:HJH:D;JCD7H:GK67A:;68IDGHHJ8=6HEGD?:8I:9G:K:CJ:H :ME:CH:H 86E>I6A:ME:C9>IJG:H 8JHIDB:GIG:C9H 6C969>H8DJCIG6I:6EEA>:9IDI=::HI>B6I:986H=;ADLH .=:9:I:GB>C6I>DCD;I=:;G6C8=>H:9>H8DJCIG6I:>H9:G>K:9;GDBI=: DBE6CNXHL:><=I:96K:G6<:8DHID;86E>I6A L=>8=JH:H6B6G@:IE6GI>8>E6CIXH8DHID;:FJ>IN6C96;I:G I6M8DHID;9:7I6C9 G:;A:8IH I=: G>H@H >C=:G:CI >C I=: 86H= ;ADLH .=: DBE6CN :HI>B6I:H 9>H8DJCI:9 ;JIJG: 86H= ;ADLH JH>C< G:6HDC67A: 6C9 6EEGDEG>6I: 6HHJBEI>DCH >C8AJ9>C< 6BDC< DI=:GH E:C:IG6I>DC G6I:H G:K:CJ: C< B6G<>CH 6C9 86E>I6A :ME:C9>IJG:H .=:6HHJBEI>DCH6G:76H:9DCI=:DBE6CNXH6C9>IHE::GHX=>HIDG>86ADE:G6I>CI>K:6C9:8DCDB>8;68IDGHHJGGDJC9>CC9JHIGN .=::HI>B6I:H6C96HHJBEI>DCHB69:>CI=: DBE6CNXHK6AJ6I>DCH6G:>C=:G:CIANHJ7?:8IIDH>;>86CIJC8:GI6>CI>:H B6CND;L=>8=6G:7:NDC9>IH8DCIGDA 6C9I=:G:>HCD 6HHJG6C8: I=6I I=:H: G:HJAIH 86C 7: 68=>:K:9 .=: EG>B6GN 6HHJBEI>DCH ;DG L=>8= I=:G: >H 6 G:6HDC67A: EDHH>7>A>IN D; I=: D88JGG:C8: D; 6 K6G>6I>DC I=6I LDJA9 H>;>86CIAN 6;;:8I I=: B:6HJG:B:CI K6AJ: >C8AJ9: I=: 6HHJBEI>DCH G:<6G9>C< G:K:CJ: C< :ME:CH: B>C< D; 86E>I6A :ME:C9>IJG:H 68IJ6A 8JHIDB:G IG:C9H 6C9 I=: 9>H8DJCIG6I:JI>A>O:9 .=:DBE6CN=6H9:I:GB>C:9I=6I>I=6HDC:G:EDGI>CI;DGEJGEDH:HD;I=:6HH:HHB:CID;AA>BE6>GB:CI .=:;6>G K6AJ: D; I=: G:EDGI>C< JC>I >H 9:I:GB>C:9 JH>C< 7DI= 6C >C8DB: 6EEGD68= 6C9 B6G@:I 6EEGD68= .=: DBE6CNXH >C8DB: 6EEGD68=BD9:AJH:9;DG>IHG:EDGI>CIK6AJ6I>DC>H8DCH>HI:CIL>I=I=6IJH:9;DG>IH;G6C8=>H:K6AJ6I>DCCDI:967DK::M8:EI I=6I86H=;ADLH;GDBI=::CI>G:7JH>C:HH:CI:GEG>H:6G:JH:9;DGI=:G:EDGI>CIK6AJ6I>DC .=:DBE6CNXHB6G@:I6EEGD68= BD9:A:HI>B6I:HI=:;6>GK6AJ:D;I=:G:EDGI>CI76H:9DCB6G@:IEG>8:H>C68IJ6AEG:8:9:CIIG6CH68I>DCHD;H>B>A6G7JH>C:HH:H 6C9B6G@:IK6AJ6I>DCHD;9:A>C:EJ7A>88DBE6C>:H !DD9L>AA>HI:HI:9;DG>BE6>GB:CI6HD;(DK:B7:GD;:68=N:6G DG BDG:;G:FJ:CIAN6HL6GG6CI:97N:K:CIHDG8=6C<:H>C8>G8JBHI6C8:H 88DJCI>C<96C8:6AHDE:GB>IH6CDEI>DC6AFJ6A>I6I>K: 6HH:HHB:CI;DGAAID9:I:GB>C:L=:I=:G>I>HBDG:A>@:ANI=6CCDII=6II=:86GGN>CCI:M8::9H>IH ;6>GK6AJ: #; 6;I:GI=>HFJ6A>I6I>K:6HH:HHB:CI I=:DBE6CN9:I:GB>C:HI=6I>I>HCDIBDG:A>@:ANI=6CCDII=6II=:;6>GK6AJ:D;6 G:EDGI>C< JC>I >H A:HH I=6C >IH 86GGN>C< 6BDJCI I=:C CD ;JGI=:G FJ6CI>I6I>K: I:HI>C< LDJA9 7: C:8:HH6GN FJ6CI>I6I>K: 6HH:HHB:CI >H E:G;DGB:9 >; I=: FJ6A>I6I>K: 6HH:HHB:CI G:HJAIH >C 6 BDG: A>@:AN I=6C CDI 9:I:GB>C6I>DC DG >; 6 FJ6A>I6I>K: 6HH:HHB:CI>HCDIE:G;DGB:9 .=:FJ6CI>I6I>K:6HH:HHB:CI8DCH>9:GHL=:I=:GI=:86GGN>C<6BDJCID;6G:EDGI>CI:M8::9H>IH ;6>G K6AJ: >C L=>8=86H:6C >BE6>GB:CI 8=6G<: >H G:8DG9:9 ID I=: :MI:CI I=: G:EDGI>C< JC>IXH 86GGN>C< K6AJ: :M8::9H >IH ;6>G K6AJ: HL>I=I=:DBE6CNXH;G6C8=>H:>BE6>GB:CII:HI>C< >CI=:DBE6CN:A:8I:9IDE:G;DGB6FJ6A>I6I>K:AA

&(&#!!)"(#"'" "')'&' "#('(##"'# ("" '((!"(' !& " 1<99.?@6;:6996<;@2E02=A@5.?2BE6>GB:CI6HH:HHB:CI L=>8=>C8DGEDG6I:98DCH>9:G6I>DCD;I=:H6B:FJ6A>I6I>K:;68IDGHG:A:K6CIIDI=:DBE6CNH;G6C8=>H: >BE6>GB:CII:HI>C< H6G:HJAID;I=6I6HH:HHB:CI I=:DBE6CN8DC8AJ9:9I=6IAA>HCDI>BE6>G:9

JHIDB:GG:A6I>DCH=>EH6G:G:8DG9:96I;6>GK6AJ:6HD;I=:96I:68FJ>G:9A:HH688JBJA6I:96BDGI>O6I>DC JHIDB:GG:A6I>DCH=>EH ;DGK6AJ6I>DCEJGEDH:H G:EG:H:CII=:K6AJ:D;I=:7JH>C:HHG:A6I>DCH=>EL>I=:M>HI>C<8JHIDB:GH 6C96G:86A8JA6I:97NEGD?:8I>C< I=:9>H8G:I:;JIJG:6;I:G I6M86H=;ADLH;GDBI=:H:8JHIDB:GH >C8AJ9>C<=IID9:EADN6C9B6G@:I699>I>DC6AH:GK>8:HID I=:H:8JHIDB:GH .=:EG:H:CIK6AJ:D;I=:H:6;I:G I6M86H=;ADLHN>:A9HI=:;6>GK6AJ:D;I=:8JHIDB:GG:A6I>DCH=>EH .=:JH:D; 9>;;:G:CI K6AJ6I>DC 6HHJBEI>DCH DG 9:;>C>I>DCH D; ;G6C8=>H:H DG 8JHIDB:G G:A6I>DCH=>EH HJ8= 6H DJG >C8AJH>DC D; I=: K6AJ: D; H:AA>C<699>I>DC6AH:GK>8:HIDDJG8JGG:CI8JHIDB:GHL>I=>C8JHIDB:GG:A6I>DCH=>EHK:GHJH;G6C8=>H:H 8DJA9H>;>86CIAN>BE68I DJG K6AJ6I>DCH 6C9 6CN G:HJAI>C< >BE6>GB:CI JHIDB:G G:A6I>DCH=>EH 6G: 6BDGI>O:9 DC 6C 688:A:G6I:9 HJB D; N:6GHX 9><>IH B:I=D9DK:GJH:;JAA>K:HD; N:6GH76H:9DCI=:E:G>D9DK:GL=>8=8JGG:CI8JHIDB:GH6G::ME:8I:9ID<:C:G6I:86H=;ADLH .=:DBE6CNE:G>D9>86AAN:K6AJ6I:HI=:G:B6>C>CK:HD;>IH8JHIDB:GG:A6I>DCH=>EHID9:I:GB>C:L=:I=:G:K:CIHDG 8>G8JBHI6C8:HL6GG6CIG:K>H>DCIDI=:G:B6>C>CD9HD;6BDGI>O6I>DC JHIDB:GG:A6I>DCH=>EH6G::K6AJ6I:9;DG>BE6>GB:CI JEDC I=: D88JGG:C8: D; :K:CIH DG 8=6C<:H >C 8>G8JBHI6C8:H >C9>86I>C< I=6I I=: 86GGN>C< 6BDJCI D; 6C 6HH:I B6N CDI 7: G:8DK:G67A: JHIDB:GG:A6I>DCH=>EH6G:9::B:9>BE6>G:9L=:CI=:86GGN>CH8DJCI:9;JIJG: 86H= ;ADLH 6HHD8>6I:9 L>I= I=: 8JHIDB:G G:A6I>DCH=>EH (D >BE6>GB:CI D; 8JHIDB:G G:A6I>DCH=>EH L6H G:8DG9:9 >C I=: N:6GH :C9:9:8:B7:G DG

.=:;6>GK6AJ:D;IG69:B6G@H>H9:I:GB>C:9JH>C:; ;GDB GDN6AINB:I=D9 6K6G>6I>DCD;I=:>C8DB:6EEGD68= L=>8= 6EEA>:H6;6>GGDN6AING6I:ID:HI>B6I:9G:K:CJ:9:G>K:9JC9:GI=:DBE6CNXHIG69:B6G@H .=:;6>GK6AJ:D;I=:>CI6C<>7A:>H :HI>B6I:9ID7:I=:EG:H:CIK6AJ:D;I=:GDN6AINH6K:97:86JH:I=:DBE6CNDLCHI=:IG69:B6G@H ,DN6AING6I:H6G::HI>B6I:9 76H:9DC6G:K>:LD;B6G@:IGDN6AING6I:H>CI=:8DBBJC>86I>DCH6C9:CI:GI6>CB:CI>C9JHIG>:H HI=:DBE6CN:ME:8IHID 8DCI>CJ: ID JH: :68= IG69:B6G@ >C9:;>C>I:AN IG69:B6G@H =6K: 7::C 6HH>C9:;>C>I: A>;: 6C9 6G: I:HI:9 6CCJ6AAN ;DG >BE6>GB:CI JH>C< :>I=:G 6 FJ6A>I6I>K: 6C6ANH>H DG FJ6CI>I6I>K: 6C6ANH>H 6H :A:8I:9 7N B6C6<:B:CI H L>I= I=: DBE6CNXH ;G6C8=>H: >BE6>GB:CI I:HI>C< >C I=: DBE6CN :A:8I:9 ID E:G;DGB 6 FJ6A>I6I>K: IG69:B6G@ >BE6>GB:CI 6HH:HHB:CI 6C9 8DC8AJ9:9I=6IIG69:B6G@H6G:CDI>BE6>G:9 #C I=:DBE6CNEJG8=6H:96EEGDM>B6I:ANB>AA>DCD;>I>O:CHGD6976C9,69>D-:GK>8:,-EG>DG>IN688:HH A>8:CH:H ;GDB I=: :9:G6A DBBJC>86I>DCH DBB>HH>DC >C >IH :;;DGI ID HJEEDGI >IH BD7>A: C:ILDG@ .=: L>G:A:HH HE:8IGJB A>8:CH:H 6G: 8DCH>9:G:9 >C9:;>C>I: A>;: >CI6C<>7A: 6HH:IH G:8DG9:9 >C DI=:G CDC8JGG:CI 6HH:IH DC I=: DBE6CNH 8DCHDA>96I:9 76A6C8:H=::IH6C9E6NB:CIH>C8AJ9>C<9:EDH>IH6G:EG:H:CI:96H6C>CK:HI>C<86H=DJI;ADLDCI=:DBE6CNXHHI6I:B:CIHD; 86H=;ADLH

HD;:8:B7:G 6C9 >C9:;>C>I: A>K:96C9;>C>I: A>K:9>CI6C<>7A:6HH:IH6G:EG:H:CI:9>CI=:;DAADL>C

202:/2? ?<@@ "2A ?<@@ "2A .??F6;4 00B:B9.A21 .??F6;4 .??F6;4 00B:B9.A21 .??F6;4 :C>I: A>K:9>CI6C<>7A:6HH:IH G6C8=>H:H U U !DD9L>AA U U 1>G:A:HHHE:8IGJBA>8:CH:H U U U U .G69:B6G@H U U U U

>C>I: A>K:9>CI6C<>7A:6HH:IH JHIDB:GG:A6I>DCH=>EH )I=:G>CI6C<>7A:6HH:IH

&(&#!!)"(#"'" "')'&' "#('(##"'# ("" '((!"(' !& " 1<99.?@6;:6996<;@2E02=A@5.?2O6I>DC :ME:CH: G:A6I:9 ID 8JHIDB:G G:A6I>DCH=>EH 6C9 DI=:G >CI6C<>7A: 6HH:IH ;DG I=: N:6GH :C9:9 :8:B7:G 6C9L6H 7>AA>DC 7>AA>DC6C9 7>AA>DC G:HE:8I>K:AN

.=:DBE6CN:ME:8IH6BDGI>O6I>DC:ME:CH:DC>IH;>C>I: A>K:9>CI6C<>7A:6HH:IHL>AA7:6H;DAADLH

 .=:G:6;I:G 

8IJ6A6BDGI>O6I>DC:ME:CH:>C;JIJG:E:G>D9H8DJA99>;;:G;GDBI=:H::HI>B6I:H6H6G:HJAID;C:L>CI6C<>7A:6HH:I68FJ>H>I>DCH DG9>K:HI>IJG:H 8=6C<:H>CJH:;JAA>K:H >BE6>GB:CIH 69DEI>DCD;C:L688DJCI>C

 ;C2@A:2;A@

#CK:HIB:CIH8DCH>HI:9D;I=:;DAADL>C<6HD;:8:B7:G 6C9

202:/2? FJ>IN B:I=D9>CK:HIB:CIH )I=:G>CK:HIB:CIH .DI6A>CK:HIB:CIH 

.=: DBE6CNXH :FJ>IN B:I=D9 >CK:HIB:CIH 8DCH>HI D; >CK:HIB:CIH>C 8DBE6C>:H I=6I 9:K:ADE HEDGIH EGDC< H:GK>8:H 9:K:ADE6EEA>86I>DCHID>BEGDK:I=:H:8JG>IN 8DCIGDA6C9EG>K68ND;8DCC:8I:99:K>8:H>C=DB:H6C97JH>C:HH:H;DG7GD6976C9 C:ILDG@DE:G6IDGHH:AAC6I>DC6A69K:GI>H:B:CIHDC7:=6A;D;BJAI> K>9:DEGDHIG>7JIDGHEGDK>9:EGDC9:D DC9:B6C9 E6N E:G K>:L6C9HJ7H8G>EI>DC76H>H6C99:K:ADE6C99:EADN8ADJ9 76H:9HD;IL6G:K>9:DJH:G>CI:G;68:H

.=:DBE6CN6EEA>:HI=::FJ>INB:I=D9D;688DJCI>C;>86CI:FJ>IN B:I=D9>CK:HIB:CIH 6AAD; L=>8=6G:G:8DG9:9>CDI=:GCDC8JGG:CI6HH:IH>CI=:8DCHDA>96I:976A6C8:H=::IH6HD;:8:B7:G 6C9 DGI=: N:6GH:C9:9:8:B7:G 6C9 C:IADHH:H;GDB:FJ>IN B:I=D9>CK:HIB:CIHL:G:B>AA>DC B>AA>DC 6C9B>AA>DC G:HE:8I>K:AN L=>8=L:G:G:8DG9:9>CDI=:G:ME:CH: C:I>CI=:8DCHDA>96I:9HI6I:B:CIHD;DE:G6I>DCH (:I ADHH:H;GDB:FJ>IN B:I=D9>CK:HIB:CIH;DGI=:N:6GH:C9:9:8:B7:G 6C9>C8AJ9:9>BE6>GB:CIHDC:FJ>IN >CK:HIB:CIHD;6EEGDM>B6I:ANB>AA>DC B>AA>DC6C9B>AA>DC G:HE:8I>K:AN

.=:DBE6CNH:FJ>IN B:I=D9>CK:HIB:CIH76A6C8:HG:;A:8I:9>CI=:I67A:67DK:>C8AJ9:H9>;;:G:C8:H7:IL::CI=:68FJ>H>I>DC 96I:;6>GK6AJ:D;8:GI6>C>CK:HIB:CIH68FJ>G:96C9I=:JC9:GAN>C<:FJ>IN>CI=:C:I6HH:IHD;I=:>CK:HI:: G:;:GG:9ID6H676H>H 9>;;:G:C8: .=>H76H>H9>;;:G:C8:>H6BDGI>O:96H68DBEDC:CID;:FJ>IN:6GC>CC>CO:976H>H9>;;:G:C8: L6HB>AA>DC6C9B>AA>DC6HD;:8:B7:G 6C9 G:HE:8I>K:AN

#/+6=>+>/8@/=>7/8>=>2<9?12'+<3+,6/8>/8>3>3/=

#C $JAN I=: DBE6CN :CI:G:9 >CID 6 7J>A9 ID HJ>I A:6H: 6GG6C<:B:CI L>I= 6 H>C6A EJGEDH: :CI>IN -* J>A9>C<ID7J>A9I=:;>GHI7J>A9>C<>CI=:7J>A9>C<8DBEA:M;DGI=:C:L=6GI:G=:69FJ6GI:GH>C-I6B;DG9 DCC:8I>8JI .=: -* J>A9>C<D7I6>C:96;>GHI A>:CBDGI<6<:CDI:ID;>C6C8:I=:8DCHIGJ8I>DCL>I=;>M:9BDCI=ANE6NB:CIHI=GDJ<=$JAN L>I=6 8DJEDC>CI:G:HIG6I: AAE6NB:CIHD;I=:BDGI<6<:CDI:6G:C>I>6AI:GBD;I=: A:6H:>HN:6GH8DBB:C8>C<JI=CDI:GB>C6I>DCDEI>DCH II=::C9D;I=:A:6H:I:GBI=:G:>H6B>GGDG:9EJI DEI>DC;DGI=:-* IDH:AAI=:EGDE:GINID=6GI:G6C986AADEI>DC;DG=6GI:GIDEJG8=6H:I=:EGDE:GIN;DG6;>M:9EJG8=6H:EG>8:

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

HI=:DBE6CN=6H9:I:GB>C:9I=6I-* J>A9>C<6C9-* J>A9>C<8DAA:8I>K:AN I=:-* H6G:K6G>67A:>CI:G:HI:CI>I>:H 0# HD;L=>8=I=:DBE6CN7:86B:I=:EG>B6GN7:C:;>8>6GNJEDCI=::;;:8I>K:C:HHD;I=:6GG6C<:B:CIH>C$JAN6C9 EG>A G:HE:8I>K:AN I=:DBE6CN=6H8DCHDA>96I:9I=:6HH:IH6C9A>67>A>I>:HD;I=:-* H>C>IH8DCHDA>96I:976A6C8:H=::IH 6HD;:8:B7:G 6C96H;DAADLH

202:/2? @@2A@ ,:HIG>8I:986H= *GDE:GIN EA6CI6C9:FJ>EB:CI 6./696A62@ JGG:CIA>67>A>I>:H )I=:GADC< I:GBA>67>A>I>:H 

*GDE:GIN EA6CI6C9:FJ>EB:CI>C8AJ9:HA6C9 6E6G@>C<<6G6<:6C97J>A9>C<8DCHIGJ8I>DC8DHIH >C8AJ9>CI6A>O6I>DCD; FJ6A>;N>C<>CI:G:HI )I=:GADC< I:GBA>67>A>I>:H>C8AJ9:HBDGI<6<:CDI:A>67>A>I>:H6C9A>67>A>IN 8A6HH>;>:9CDC8DCIGDAA>C<>CI:G:HIH ;DG I=: -* H G:8DG9:9 6I 6BDGI>O:9 8DHI L>I= 688G:I>DC IDL6G9H H:IIA:B:CI D; I=: EJI86AA DEI>DC >C I=: A:6H:H H D; :8:B7:G 6C9 DI=:GADC< I:GBA>67>A>I>:H>C8AJ9:B>AA>DC6C9B>AA>DC>C-* BDGI<6<:CDI:A>67>A>IN G:HE:8I>K:AN

 00

88DJCIHE6N67A:6C9688GJ:9A>67>A>I>:H8DCH>HID;I=:;DAADL>C<6HD;:8:B7:G 6C9

202:/2? 88DJCIHE6N67A:TIG69: :;:GG:9G:K:CJ: 88GJ:9A>67>A>I>:H *GDC<8DHIH &67DG 6E>I6A:ME:C9>IJG:H #CI:G:HI .6M:H6C9G:C67>A>I>:H )I=:G

 2.@2@

)E:G6I>CAA>DC6C9B>AA>DC;DGI=:N:6GH:C9:9:8:B7:G 6C9 G:HE:8I>K:AN >C8AJH>K:D;B>AA>DC6C9B>AA>DC;DGI=:N:6GH:C9:9:8:B7:G 6C9 G:HE:8I>K:AN D;7DI=H=DGI I:GB A:6H:8DHIH6C9K6G>67A:A:6H:8DHIHI=6IL:G:CDI>C8AJ9:9>CI=:B:6HJG:B:CID;DE:G6I>C67>A>I>:H

 &(&#!!)"(#"'" "')'&' "#('(##"'# ("" '((!"(' !& " 1<99.?@6;:6996<;@2E02=A@5.?2

6H= E6>9 ;DG 6BDJCIH >C8AJ9:9 >C I=: B:6HJG:B:CI D; DE:G6I>C< A:6H: A>67>A>I>:H G:8DG9:9 6H DE:G6I>C< 86H= ;ADLH >C I=: HI6I:B:CIHD;86H=;ADLH L:G:B>AA>DC6C9B>AA>DC;DGI=:N:6GH:C9:9:8:B7:G 6C9 G:HE:8I>K:AN )E:G6I>C<=I D; JH:6HH:IHD7I6>C:9>C:M8=6C<:;DGDE:G6I>C<6I>DCHL:G:B>AA>DC6C9B>AA>DC;DG I=:N:6GH:C9:9:8:B7:G 6C9 G:HE:8I>K:AN

-JEEA:B:CI6A76A6C8:H=::I>C;DGB6I>DCG:A6I:9IDA:6H:H>H6H;DAADLH

202:/2? #=2?.A6;492.@2?645A<3B@2.@@2A@ #C8AJ9:9L>I=>CDI=:GCDC8JGG:CI6HH:IH 

#=2?.A6;492.@296./696A62@ JGG:CIEDGI>DC>C8AJ9:9L>I=>C688DJCIHE6N67A:6C9688GJ:9A>67>A>I>:H &DC< I:GBEDGI>DC>C8AJ9:9L>I=>CDI=:GADC< I:GBA>67>A>I>:H 

1:><=I:96K:G6<:G:B6>C>CC<=I:96K:G6<:9>H8DJCIG6I:;DGDE:G6I>C

'6IJG>I>:HD;DE:G6I>C67>A>I>:H6HD;:8:B7:G 6G:6H;DAADLH

.=:G:6;I:G /C9>H8DJCI:9A:6H:86H=;ADL8DBB>IB:CIH ,:8DC8>A>C<>BE68I;GDB9>H8DJCI>C< &:6H:A>67>A>I>:HDC8DCHDA>96I:976A6C8:H=::I6HD;:8:B7:G

.=:DBE6CN=6HB>AA>DC6C9B>AA>DCD;;>C6C8:A:6H:A>67>A>I>:HG:8DO:9>CI=:8DCHDA>96I:976A6C8:H=::IH6HD; :8:B7:G 6C9 G:HE:8I>K:AN >C8AJ9:9 L>I=>C 688DJCIH E6N67A: 6C9 688GJ:9 A>67>A>I>:H 6C9 DI=:G ADC< I:GB A>67>A>I>:H .=:G:A6I:9;>C6C8:A:6H:G><=I D; JH:6HH:IH6G:G:8DG9:9>CEGDE:GIN EA6CI6C9:FJ>EB:CI C:I .=:DBE6CNXH ;>C6C8:A:6H:HL:G:CDI8DCH>9:G:9B6I:G>6A;DG;JGI=:GHJEEA:B:CI6AA:6H:9>H8ADHJG:H

 &(&#!!)"(#"'" "')'&' "#('(##"'# ("" '((!"(' !& " 1<99.?@6;:6996<;@2E02=A@5.?2

&DC< I:GB9:7I8DCH>HIHD;I=:;DAADL>C<6HD;:8:B7:G 6C9

202:/2? $?6;06=.9 00?2A21 $?6;06=.9 00?2A21 :CDGCDI:H9J:-:EI:B7:G U U H:C>DGCDI:H9J: :7GJ6GN U U H:C>DGCDI:H9J:'6G8= H:C>DGCDI:H9J:'6N U U H:C>DGCDI:H9J:-:EI:B7:G U U H:C>DGCDI:H9J:$6CJ6GN U U H:C>DGCDI:H9J:EG>A U U H:C>DGCDI:H9J:'6N U U H:C>DGCDI:H9J: :7GJ6GN H:C>DGCDI:H9J:'6N H:C>DGCDI:H9J:'6N H:C>DGCDI:H9J:'6N H:C>DGCDI:H9J: :7GJ6GN H:C>DGCDI:H9J:$JC: H:C>DGCDI:H9J:'6G8= H:C>DGCDI:H9J:JDGCDI:H9J: :7GJ6GN U U H:C>DGCDI:H9J:'6N U U =6GI:GDBBJC>86I>DCH)E:G6I>C< && H:C>DGCDI:H9J:$JAN U U H:C>DGCDI:H9J:$JAN -:C>DG;AD6I>CDGCDI:H9J: :7GJ6GN H:C>DGCDI:H9J:$JAN H:C>DGCDI:H9J: :7GJ6GN H:C>DGCDI:H9J:'6G8= H:C>DGCDI:H9J:'6G8= H:C>DGCDI:H9J:EG>A U U H:C>DGCDI:H9J: :7GJ6GN U U H:C>DGCDI:H9J:)8ID7:G H:C>DGCDI:H9J:EG>A H:C>DGCDI:H9J:)8ID7:G H:C>DGCDI:H9J:'6N H:C>DGCDI:H9J:EG>A H:C>DGCDI:H9J:$JAN H:C>DGCDI:H9J:'6G8= H:C>DGCDI:H9J:EG>A U U H:C>DGCDI:H9J:)8ID7:G

 &(&#!!)"(#"'" "')'&' "#('(##"'# ("" '((!"(' !& " 1<99.?@6;:6996<;@2E02=A@5.?2

H:C>DGCDI:H9J:EG>A U U G:9>I;68>A>I>:H .>B:16GC:G67A: && H:C>DGCDI:H9J: :7GJ6GN U U H:C>DGCDI:H9J: :7GJ6GN U U H:C>DGCDI:H9J:-:EI:B7:G HI:GA>CDGCDI:H9J:$JC: 6 H:C>DG9:7:CIJG:H9J:'6N H:C>DG9:7:CIJG:H9J:$JAN H:C>DG9:7:CIJG:H9J:$JC: H:C>DG9:7:CIJG:H9J:(DK:B7:G H:C>DG9:7:CIJG:H9J:-:EI:B7:G HI:GA>CDGCDI:H9J:$JAN 7 H:C>DG9:7:CIJG:H9J:-:EI:B7:G .>B:16GC:G67A: CI:GEG>H:H&& H:C>DG9:7:CIJG:H9J:'6G8= H:C>DG9:7:CIJG:H9J:$JAN (DC H:C>DGCDI:H9J: :7GJ6GN U U H:C>DGCDI:H9J:$JAN U U H:C>DGCDI:H9J:-:EI:B7:G U U <;4A2?:12/A

6 *G>C8>E6A 6BDJCI >C8AJ9:H P B>AA>DC K6AJ:9 6I B>AA>DC 6C9 B>AA>DC 6H D; :8:B7:G 6C9 G:HE:8I>K:AN JH>CC8>E6A6BDJCI>C8AJ9:HPB>AA>DCK6AJ:96IB>AA>DC6C9B>AA>DC6HD;:8:B7:G 6C9 G:HE:8I>K:AN JH>C

.=:688G:I:9K6AJ:HEG:H:CI:9>CI=:I67A:67DK:G:EG:H:CII=:EG>C8>E6A6BDJCID;I=:9:7I69?JHI:9;DGDG><>C6A>HHJ:9>H8DJCI DGEG:B>JB6II=:I>B:D;H6A: 9:;:GG:9;>C6C8>C<8DHIH 6C9 >CG:<6G9HID9:7I6HHJB:9>C68FJ>H>I>DCH ;6>GK6AJ:EG:B>JB 69?JHIB:CIH 6H 6 G:HJAI D; 6EEAN>C< 68FJ>H>I>DC 688DJCI>C< EAJH I=: 688G:I>DC D; I=DH: 6BDJCIH ID I=: 76A6C8: H=::I 96I: "DL:K:G I=:6BDJCII=6I>H8JGG:CIANE6N67A:>;I=:9:7I7:8DB:H>BB:9>6I:AN9J:>H:FJ6AIDI=:EG>C8>E6A6BDJCID;I=:9:7I #CG:<6G9HIDI=:;>M:9 G6I:G>I>H=EDJC9HI:GA>C<9:CDB>C6I:9CDI:HI=:V-I:GA>C<(DI:HW I=:EG>C8>E6A6BDJCID;I=:9:7I 6C96CNEG:B>JBDG9>H8DJCI>HG:B:6HJG:9>CID/-9DAA6GH6HD;:68=76A6C8:H=::I96I: -::(DI: .=:DBE6CN=6H 6K6>A67>A>INJC9:GI=:=6GI:G)E:G6I>C<8G:9>I;68>A>I>:HD;6EEGDM>B6I:AN 7>AA>DC6HD;:8:B7:G

#C ) "DA9>CCI6A DGE ?D>CIAN >HHJ:9 7>AA>DC 6<C8>E6A 6BDJCI D; H:C>DG JCH:8JG:9 CDI:H 6I K6GN>C< G6I:H EG>8:H 6C9 B6IJG>IN 96I:H 6C9 =6GI:G )E:G6I>C< 6C9 =6GI:G DBBJC>86I>DCH )E:G6I>C< 6E>I6ADGE ?D>CIAN>HHJ:9 7>AA>DC6<C8>E6A6BDJCID;H:C>DGH:8JG:9CDI:H6IK6GN>C8:H6C9B6IJG>IN 96I:H .=: C:I EGD8::9H L:G: JH:9 ID E6N G:A6I:9 ;::H 6C9 :ME:CH:H 6C9 ;DG <:C:G6A 8DGEDG6I: EJGEDH:H >C8AJ9>C< ;JC9>C< 7JN768@HD;=6GI:GA6HH8DBBDCHID8@6C9=6GI:G"DA9>CIH6HL:AA6HG:E6N>C<8:GI6>C>C9:7I:9C:HH

&(&#!!)"(#"'" "')'&' "#('(##"'# ("" '((!"(' !& " 1<99.?@6;:6996<;@2E02=A@5.?2CAA>DC6C9 7>AA>DC G:HE:8I>K:AN D;K6G>DJHH:G>:HD;H:C>DGCDI:H &DHHDC:MI>CH=B:CID;9:7I8DCH>HI:9D;I=:;DAADL>C<;DGI=:N:6GH:C9:9:8:B7:G 6C9

-2.?;121202:/2? )"DA9>CDC .>B:16GC:G67A: &&CDI:HG:9:BEI>DC U =6GI:G)E:G6I>C<8G:9>I;68>A>ING:;>C6C8>C< U 

#<916;4@"

.=:)"DA9>CDG9:7ID7A><6I>DCHD;)"DA9>CCI6ADGE 6C9G6C@:FJ6AANL>I= 6AADI=:G8JGG:CI6C9;JIJG:JCH:8JG:9 JCHJ7DG9>C6I:9D7A><6I>DCHD;)"DA9>CCI6ADGE .=:N6G: HIGJ8IJG6AANHJ7DG9>C6I:9ID6AAD7A><6I>DCHD;HJ7H>9>6G>:HD;)"DA9>C

)"DA9>CCB:6I6EG:B>JB .=:DEI>DC6AG:9:BEI>DCEG>8: 9:8A>C:HIDD;I=:G:HE:8I>K:H:G>:HXEG>C8>E6A6BDJCI EAJH688GJ:96C9JCE6>9>CI:G:HI >;6CN DCDG6;I:GK6GN>C<96I:H>C I=GDJ<=

#C699>I>DC 6I6CNI>B:EG>DGIDK6GN>C<96I:H>CI=GDJ<= )"DA9>CC8>E6A 6BDJCI D; 8:GI6>C CDI:H 6I 6 EG:B>JB EAJH 688GJ:9 6C9 JCE6>9 >CI:G:HI ID I=: G:9:BEI>DC 96I: L>I= I=: C:I 86H= EGD8::9HD;DC:DGBDG::FJ>IND;;:G>CC:9>CI=:>C9:CIJG:EGDK>9:9I=6I8:GI6>C8DC9>I>DCH6G:B:I #CI=::K:CID; HE:8>;>:98=6C<:D;8DCIGDA:K:CIH )"DA9>CC<)"DA9>C8::FJ6AIDD;I=:IDI6AEG>C8>E6A6BDJCID;I=:CDI:H EAJH6CN688GJ:96C9JCE6>9>CI:G:HI

312*3/6.#/=><3->3@/9@/8+8>=373>+>398988./,>/.8/==

.=:>C9:CIJG:HCCC8:GI6>C8DK:C6CIHI=6IG:HIG>8II=:67>A>IND;)"DA9>CCI6ADGE 6C96AAD;I=:>GG:HIG>8I:9HJ7H>9>6G>:HID

R >C8JG699>I>DC6A9:7I R E6N9>K>9:C9HDC:FJ>INDGG:EJG8=6H::FJ>IN R B6@:>CK:HIB:CIH R H:AA6AADGHJ7HI6CI>6AAN6AAD;I=:>G6HH:IHDGB:G<:L>I=DG>CIDDI=:G8DBE6C>:H R H:AA6HH:IH R >C I=: 86H: D; G:HIG>8I:9 HJ7H>9>6G>:H 8G:6I: DG E:GB>I ID :M>HI 9>K>9:C9 DG E6NB:CI G:HIG>8I>DCH L>I= G:HE:8I ID ) "DA9>CGE6G:CI8DBE6C>:H9:7I DG>HHJ:HE:8>;>:9:FJ>IN>CI:G:HIH R :C<6<:>C8:GI6>CIG6CH68I>DCHL>I=6;;>A>6I:H6C9 R :CH

.=: 67DK: A>B>I6I>DCH >C 8:GI6>C 8>G8JBHI6C8:H G:<6G9>C< >C8JGG:C8: D; 9:7I E6NB:CI D; 9>K>9:C9H 6C9 B6@>C< >CK:HIB:CIH 8DCI6>C:9>CI=:>C9:CIJG:HD;)"DA9>CI)"DA9>CIHG:HIG>8I:9HJ7H>9>6G>:HIDE:G;DGBI=:67DK: HDADC< 6H 6;I:G<>K>CDLDJA97:7:ADL6HE:8>;>:9A:K:A;DGI=:>HHJ:G .=:A:K:G6<: G6I>DJC9:GI=:>C9:CIJG:H>H ID .=:A:K:G6<:G6I>DL6H 6HD;:8:B7:G

5.?A2?#=2?.A6;4"

.=:=6GI:G)E:G6I>CC6AAN6AAD;I=:HJ7H>9>6G>:HD;=6GI:G)E:G6I>C< #C 699>I>DC I=:=6GI:G)E:G6I>CGHIEG>DG>INH:8JG>IN>CI:G:HI>CHJ7HI6CI>6AAN6AAD;I=:6HH:IHD; =6GI:G )E:G6I>C< 6C9 HJ7HI6CI>6AAN 6AA D; >IH HJ7H>9>6G>:H ID I=: :MI:CI HJ8= A>:CH 86C 7: E:G;:8I:9 JC9:G I=: /C>;DGB DBB:G8>6AD9:7NI=:;>A>CC6C8>C:CHG6C@:FJ6AANL>I=I=:A>:CHDCI=:8DAA6I:G6AH:8JG>C<

&(&#!!)"(#"'" "')'&' "#('(##"'# ("" '((!"(' !& " 1<99.?@6;:6996<;@2E02=A@5.?2<6I>DCHJC9:GI=:=6GI:G)E:G6I>C<8G:9>I;68>A>I>:H =6GI:G)E:G6I>CC< CDI:H6I6CNI>B:6I6EG:B>JB

.=:=6GI:G)E:G6I>CI>DCHD;I=:>C9:CIJG:CCCC8JHIDB6GNG:EG:H:CI6I>DCH6C9L6GG6CI>:H6C96;;>GB6I>K:8DK:C6CIHL>I=A>B>I:9C:<6I>K: 8DK:C6CIH .=:=6GI:G)E:G6I>C<>C9:CIJG:6AHD8DCI6>CH8JHIDB6GN:K:CIHD;9:;6JAI

5.?A2?#=2?.A6;4?216A.0696A62@

.=:=6GI:G)E:G6I>C<8G:9>I;68>A>I>:H=6K:6CDJIHI6C9>CC8>E6A6BDJCID; 7>AA>DC6I:8:B7:G 6H;DAADLH

R I:GB AD6C L>I= 6 G:B6>C>C< EG>C8>E6A 6BDJCI D; 6EEGDM>B6I:AN B>AA>DC L=>8= >H G:E6N67A: >C FJ6GI:GAN >CHI6AAB:CIH6C96<CAA>DC>C:68=AD6CN:6G L>I=I=:G:B6>C>C<76A6C8:9J:6I;>C6AB6IJG>INDC'6G8= *G>8>CH&#),EAJH R I:GB AD6C L>I= 6 G:B6>C>C< EG>C8>E6A 6BDJCI D; 6EEGDM>B6I:AN 7>AA>DC L=>8= >H G:E6N67A: >C FJ6GI:GAN >CHI6AAB:CIH 6C9 6<CAA>DC >C :68= AD6C N:6G L>I= I=: G:B6>C>C< 76A6C8: 9J: 6I ;>C6A B6IJG>IN DC :7GJ6GN *G>8>CH&#),EAJH R I:GBAD6C L>I=6G:B6>C>CC8>E6A6BDJCID;6EEGDM>B6I:AN 7>AA>DC L=>8=>HG:E6N67A:>C:FJ6AFJ6GI:GAN >CHI6AAB:CIH6C96<CAA>DC>C:68=AD6CN:6G L>I=I=:G:B6>C>C<76A6C8:9J:6I;>C6AB6IJG>INDCEG>A *G>8>CH&#),EAJH R I:GBAD6C L>I=6G:B6>C>CC8>E6A6BDJCID;6EEGDM>B6I:AN 7>AA>DC L=>8=>HG:E6N67A:>C:FJ6AFJ6GI:GAN >CHI6AAB:CIH6C96<CAA>DC>C:68=AD6CN:6G L>I=I=:G:B6>C>C<76A6C8:9J:6I;>C6AB6IJG>INDC :7GJ6GN *G>8>CH&#),EAJH 6C9 R 6G:KDAK>CC<;DG7DGGDL>CAA>DC B>AA>DCB6IJG>CAA>DCB6IJG>C8>CCH&#),EAJH L>I=68DBB>IB:CI;::D; DCI=:EDGI>DCB6IJG>C<>C6C9&#),EAJH L>I=68DBB>IB:CI;::D; DCI=:EDGI>DCB6IJG>C< >C HD;:8:B7:G B>AA>DCD;I=:G:KDAK>CA>O:9ID8DAA6I:G6A>O:6A>@:EG>C8>E6A6BDJCI D;A:II:GHD;8G:9>IDJID;B>AA>DCD;A:II:GHD;8G:9>I>HHJ:9DCI=:DBE6CNXH7:=6A;

BDJCIHDJIHI6C9>CC<8G:9>I;68>A>I>:H7:6G>CI:G:HI 6I=6GI:G)E:G6I>CDC 6I676H:G6I:DG &#), 6C9 6HD;:8:B7:G 6C9 G:HE:8I>K:AN 6H9:;>C:9 EAJH6C6EEA>867A:B6G<>C

.=:=6GI:G)E:G6I>C<8G:9>I;68>A>I>:H6AHD6AADLJHID:CI:G>CID>C8G:B:CI6AI:GBAD6CH>CI=:;JIJG: L>I=6BDGI>O6I>DC6HH:I ;DGI=>CI=:CDI>8:H:HI67A>H=>CC<8G:9>I;68>A>I>:H6AADL;DGI=:>C8JGG:C8:D;6 8:GI6>C 6BDJCI D; >C8G:B:CI6A I:GB AD6CH HJ7?:8I ID EGD ;DGB6 8DBEA>6C8: L>I= >IH ;>C6C8>6A B6>CI:C6C8: 8DK:C6CIH CD 6HHJG6C8: 86C 7: <>K:C I=6I I=: DBE6CN 8DJA9 D7I6>C 699>I>DC6A >C8G:B:CI6A I:GB AD6CH >C I=: ;JIJG: >; =6GI:G )E:G6I>C< HDJ<=IID9DHDDGL=6I6BDJCID;>C8G:B:CI6AI:GBAD6CHLDJA97:6AADL67A:6I6CN<>K:CI>B:JC9:GI=:I:GBHD;I=:=6GI:G )E:G6I>C<8G:9>I;68>A>I>:H

.=: D7A><6I>DCH D; =6GI:G )E:G6I>C< JC9:G I=: =6GI:G )E:G6I>C< 8G:9>I ;68>A>I>:H 6G: C6AAN6AAD;I=:HJ7H>9>6G>:HD;=6GI:G)E:G6I>C< .=:D7A><6I>DCH6G:6AHDH:8JG:97N>6A>:CDCHJ7HI6CI>6AAN6AAD;I=: 6HH:IHD;=6GI:G)E:G6I>C<6C9HJ7HI6CI>6AAN6AAD;>IHHJ7H>9>6G>:H IDI=::MI:CIHJ8=A>:C86C7:E:G;:8I:9JC9:GI=:/C>;DGB DBB:G8>6AD9:7NI=:;>A>CC6C8>C>6EA:9<:D;I=::FJ>IN>CI:G:HIH9>G:8IANDG>C9>G:8IANDLC:97N =6GI:G )E:G6I>C< >C HJ7HI6CI>6AAN 6AA D; >IH HJ7H>9>6G>:H 6HL:AA 6H >CI:G8DBE6CN D7A><6I>DCH DL>C< ID >I 6C9 I=: 9>6G>:H7N6CND;I=:>G6;;>A>6I:H

#/=><3->3@/9@/8+8>=

.=: =6GI:G )E:G6I>C< 8G:9>I ;68>A>I>:H 8DCI6>C G:EG:H:CI6I>DCH 6C9 L6GG6CI>:H 6C9 6;;>GB6I>K: 6C9 C:<6I>K: 8DK:C6CIH 8JHIDB6GN;DG;>C6C8>CHINE: .=:;>C6C8>6A8DK:C6CIHB:6HJG:E:G;DGB6C8:6<6>CHIHI6C96G9HH:I;DGA:K:G6<:ID7: I:HI:9 6H D; I=: :C9 D; :68= FJ6GI:G .=: =6GI:G )E:G6I>C< 8G:9>I ;68>A>I>:H 8DCI6>C EGDK>H>DCH G:FJ>G>C< B6C96IDGN AD6C EG:E6NB:CIHJC9:GHE:8>;>88>G8JBHI6C8:H >C8AJ9>C<>C8DCC:8I>DCL>I=8:GI6>CH6A:HD;6HH:IH HDADC<6HI=:EGD8::9H=6K:CDI 7::C G:>CK:HI:9 >C I=: 7JH>C:HH 99>I>DC6AAN I=: =6GI:G )E:G6I>C< 8G:9>I ;68>A>I>:H EGDK>H>DCH 8DCI6>C 6C 6AADL6C8: ;DG G:HIG>8I:9E6NB:CIHL>I=8:GI6>CA>B>I6I>DCH .=:=6GI:G)E:G6I>C<8G:9>I;68>A>I>:HE:GB>I=6GI:G)E:G6I>C<6C9>IHHJ7H>9>6G>:H IDB6@:9>HIG>7JI>DCHIDE6N>CI:G:HIDCI=:8JGG:CIANDJIHI6C9>CC6I:96C9E6G:CI8DBE6CN>C9:7I:9C:HH EGDK>9:9I=6I

&(&#!!)"(#"'" "')'&' "#('(##"'# ("" '((!"(' !& " 1<99.?@6;:6996<;@2E02=A@5.?2CH 8DCI>CJ>C< JC9:G I=: =6GI:G )E:G6I>C< 8G:9>I ;68>A>I>:H .=: =6GI:G )E:G6I>C<8G:9>I;68>A>I>:H6AHD8DCI6>C8JHIDB6GN:K:CIHD;9:;6JAI

(6:2+.?;2?./92 "

.=:.>B:16GC:G67A: &&.1 &&H:C>DGCDI:H6C99:7:CIJG:H6G:CC< 6C9HJ7HI6CI>6AAN6AAD;I=:HJ7H>9>6G>:HD;=6GI:G)E:G6I>C<DI=:GI=6C.1 &&6C9G6C@:FJ6AANL>I=I=:A>:CHDCI=: 8DAA6I:G6AH:8JG>C<6I>DCHJC9:GI=:=6GI:G)E:G6I>CI;68>A>I>:H #CI:G:HIDC:68=H:G>:HD;.1 && H:C>DGCDI:H6C99:7:CIJG:H>HE6N67A:H:B> 6CCJ6AANL>I=I=::M8:EI>DCD;I=:-I:GA>C<(DI:H L=>8=>HE6N67A:6CCJ6AAN>C 6GG:6GH

.=:.1 &&>C9:CIJG:8DCI6>CH8JHIDB6GN8DK:C6CIHG:A6I>C8I>DCHDCI=:67>A>IND;.1 &&DG6CNB6I:G>6A HJ7H>9>6GNID8G:6I:A>:CH6C9DCI=:67>A>IND;.1 &&6C9.>B:16GC:G67A: CI:GEG>H:H&&.1 ID8DCHDA>96I: B:G<: DG 8DCK:N DG IG6CH;:G HJ7HI6CI>6AAN 6AA D; I=:>G 6HH:IH .=: .1 && >C9:CIJG: 6AHD 8DCI6>CH 8JHIDB6GN :K:CIH D; 9:;6JAI

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

.=:DBE6CNB6ND;;:GIDG:9::B6AA 7JICDIA:HHI=6C6AA D;I=:-I:GA>C<(DI:H>CI=::K:CID;8:GI6>C8=6C<:H>CI=:I6MA6LH D;I=:/ - DG6CNI6M>C<6JI=DG>IN>CI=:/ - .=>HG:9:BEI>DCLDJA97:6I6G:9:BEI>DCEG>8::FJ6AIDD;I=:EG>C8>E6A 6BDJCI ID<:I=:GL>I=688GJ:96C9JCE6>9>CI:G:HIDCI=:-I:GA>C<(DI:HID 7JICDI>C8AJ9>C< I=:G:9:BEI>DC96I:

(+2/2;AB?2@

.=:.1 H:C>DG9:7:CIJG:H6G:CC< 6C9HJ7HI6CI>6AAN6AAD;I=:HJ7H>9>6G>:HD; =6GI:G)E:G6I>C<DI=:GI=6C.1 6C9G6C@:FJ6AANL>I=I=:A>:CHDCI=:8DAA6I:G6AH:8JG>C<6I>DCHJC9:GI=:=6GI:G )E:G6I>CI;68>A>I>:H #CI:G:HIDC:68=H:G>:HD;.1 H:C>DG9:7:CIJG:H>HE6N67A:H:B> 6CCJ6AAN>C6GG:6GH .=:.1 H:C>DG9:7:CIJG:H6G:CDIG:9::B67A:7:;DG:B6IJG>IN

.=:.1 >C9:CIJG:8DCI6>CH8JHIDB6GN8DK:C6CIHG:A6I>C8I>DCHDCI=:67>A>IND;.1 DG6CNB6I:G>6AHJ7H>9>6GNID 8G:6I:A>:CH6C9DCI=:67>A>IND;.1 &&6C9.1 ID8DCHDA>96I: B:G<:DG8DCK:NDGIG6CH;:GHJ7HI6CI>6AAN6AAD;I=:>G 6HH:IH .=:.1 >C9:CIJG:6AHD8DCI6>CH8JHIDB6GN:K:CIHD;9:;6JAI

6:6A.A6<;@<;6@A?6/BA6<;@

>HIG>7JI>DCH 7N I=: DBE6CNXH HJ7H>9>6G>:H ID 6 E6G:CI 8DBE6CN ;DG E6NB:CI D; EG>C8>E6A DC E6G:CI 8DBE6CN CDI:H 6G: G:HIG>8I:9JC9:GI=:)"DA9>CC9:CIJG:H6C9=6GI:G)E:G6I>C<8G:9>I;68>A>I>:H9>H8JHH:967DK: JCA:HHI=:G:>HCD9:;6JAI JC9:GI=:6EEA>867A:>C9:CIJG:6C98G:9>I;68>A>I>:H 6C9JCA:HH:68=6EEA>867A::CI>INXHA:K:G6<:G6I>DI:HI>HB:I6II=:I>B:D; HJ8=9>HIG>7JI>DC HD;:8:B7:G I=:G:L6HCD9:;6JAIJC9:G6CND;I=:H:>C9:CIJG:HDG8G:9>I;68>A>I>:H6C9:68= 6EEA>867A: :CI>IN B:I >IH 6EEA>867A: A:K:G6<: G6I>D I:HIH 76H:9 DC :8:B7:G ;>C6C8>6A G:HJAIH .=:G: 86C 7: CD 6HHJG6C8:I=6II=:NL>AAH6I>H;NI=:H:I:HIH6II=:I>B:D;I=:8DCI:BEA6I:99>HIG>7JI>DC >HIG>7JI>DCH7N=6GI:G)E:G6I>C<;DG E6NB:CID;EG>C8>E6ADCE6G:CI8DBE6CN)"DA9>C8I:97NI=:8DK:C6CIH>C>IH8G:9>I;68>A>I>:H

"DL:K:G L>I=DJIG:<6G9IDA:K:G6<: 9JG>C<6CN86A:C96GN:6GDG6CNEDGI>DCI=:G:D;9JG>C8=I=:7DGGDL:G>H6;ADL I=GDJ<=:CI>IN;DGI6MEJGEDH:H 6C9HDADC<6HCD:K:CID;9:;6JAI:M>HIH I=:7DGGDL:GB6NB6@:9>HIG>7JI>DCHIDI=::FJ>IN >CI:G:HIHD;I=:7DGGDL:G>C6C6BDJCIHJ;;>8>:CIIDB6@:E:GB>II:9I6ME6NB:CIH

#C699>I>DCIDI=:A>B>I6I>DCDC9>HIG>7JI>DCHJC9:GI=:K6G>DJH>C9:CIJG:H 9>HIG>7JI>DCH7NI=:DBE6CNXHHJ7H>9>6G>:HB6N7: A>B>I:97N6EEA>867A:A6L >C8AJ9>CB>I:9&>67>A>INDBE6CN8I JC9:GL=>8=I=:DBE6CNXHHJ7H>9>6G>:H B6NB6@:9>HIG>7JI>DCH>;I=:N=6K:VHJGEAJHW6H9:;>C:9>CI=:68I

 &(&#!!)"(#"'" "')'&' "#('(##"'# ("" '((!"(' !& " 1<99.?@6;:6996<;@2E02=A@5.?2

6>B616AF.;1BAB?2$?6;06=.9$.F:2;A@

.=:DBE6CN8DCI>CJ:HID=6K:H>;>86CI6BDJCIHD;9:7I 6C9>IH7JH>C:HHG:FJ>G:HH>;>86CI86H=ID;JC9EG>C8>E6A6C9 >CI:G:HIE6NB:CIHDC>IH9:7I 86E>I6A:ME:C9>IJG:H6C9DCCDCH HH:I;DGI=7:ADL I=:DBE6CN=6HH>;>86CI ;JIJG: EG>C8>E6A E6NB:CIH .=: DBE6CN 8DCI>CJ:H ID BDC>IDG I=: 86E>I6A B6G@:IH 6C9 >I :ME:8IH ID JC9:GI6@: G:;>C6C8>C< IG6CH68I>DCH6C9JI>A>O:;G::86H=;ADL6C986H=DC=6C9ID;JGI=:G:MI:C9DGG:9J8:I=:B6IJG>I>:HD;>IHEG>C8>E6AD7A><6I>DCH .=:I>B>C<6C9I:GBHD;6CNG:;>C6C8>CDCHL>AA7:HJ7?:8IIDB6G@:I8DC9>I>DCH

6H:9JEDCDJIHI6C9>C<>C9:7I:9C:HH6HD;:8:B7:G I=:6BDGI>O6I>DCD;I:GBAD6CH 6C9I=:B6IJG>IN96I:H;DG6AA H:C>DG6C9HJ7DG9>C6I:9CDI:H IDI6A;JIJG:EG>C8>E6AE6NB:CIHDCI=:IDI6A7DGGDL>C

 .=:G:6;I:G 

 &(&#!!)"(#"'" "')'&' "#('(##"'# ("" '((!"(' !& " 1<99.?@6;:6996<;@2E02=A@5.?2

=6GI:GXHA6HH8DBBDCHID8@6C9A6HH8DBBDCHID8@6G:>9:CI>86A:M8:EIL>I=G:HE:8IID8:GI6>CKDI>C< IG6CH;:G6C9 8DCK:GH>DC G><=IH "DA9:GH D; A6HH 8DBBDC HID8@ 6G: :CI>IA:9 ID DC: KDI: E:G H=6G: =6GI:GXH A6HH 8DBBDC HID8@ G:EG:H:CIHI=:H=6G:>HHJ:9ID( )C:H=6G:D;=6GI:GXHA6HH8DBBDCHID8@=6H6CJB7:GD;KDI:HG:;A:8I>CC< EDL:GD;I=:=6GI:G"DA9>CIH6C9=6GI:G"DA9>C7A:EG:;:GG:9JC>IH=:A97N(6HD;I=:6EEA>867A: G:8DG9 96I: DC 6C >; 8DCK:GI:9 >; :M8=6C<:9 76H>H 6C9 >H <:C:G6AAN >CI:C9:9 ID G:;A:8I (XH :8DCDB>8 >CI:G:HIH >C =6GI:G "DA9>C

.=:;DAADL>CO:HDJGH=6G:HDJIHI6C9>C<;DGI=:I=G::N:6GH:C9:9:8:B7:G 

9.@@ 9.@@ <::<; <::<; 'A<08 'A<08 &( :8:B7:G M:G8>H:D;HID8@DEI>DCH U ,:HIG>8I:9HID8@>HHJ6C8:H C:ID;86C8:AA6I>DCH U ,:HIG>8I:9HID8@JC>IK:HI>CH:D;HID8@DEI>DCH U ,:HIG>8I:9HID8@>HHJ6C8:H C:ID;86C8:AA6I>DCH U ,:HIG>8I:9HID8@JC>IK:HI>CIN U M:G8>H:D;HID8@DEI>DCH U ,:HIG>8I:9HID8@>HHJ6C8:H C:ID;86C8:AA6I>DCH U ,:HIG>8I:9HID8@JC>IK:HI>C< U *JG8=6H:D;IG:6HJGNHID8@ U &( :8:B7:G

#C '6G8= EJGHJ6CI ID I=: I:GBH D; I=: B:C9:9 6C9 ,:HI6I:9 -ID8@=DA9:GH I= &>7:GIN GD6976C9 DGEDG6I>DCV&>7:GINGD6976C9W (6C9=6GI:G 96I:9'6N =6GI:G &>7:GIN6C9(8ADH:9DCIG6CH68I>DCH>C L=>8= &>7:GIN GD6976C9 6C9 ( :M:G8>H:9 I=:>G EG::BEI>K: G><=I ID EJG8=6H: 6C9 H=6G:H G:HE:8I>K:AN D; =6GI:GA6HH8DBBDCHID8@;DG6IDI6AEJG8=6H:EG>8:D;6EEGDM>B6I:ANB>AA>DC

$2+

.=: ;DAADL>C< G:EG:H:CIH I=: DBE6CNH EJG8=6H: D; =6GI:G A6HH 8DBBDC HID8@ 6C9 I=: :;;:8I DC I=: 8DCHDA>96I:9 HI6I:B:CIHD;86H=;ADLH9JG>C

-2.?;121202:/2? '5.?2@ '5.?2@ '5.?2@ -=6G:7JN768@H #C8DB:I6ML>I==DA9>C< M:G8>H:8DHI

&(&#!!)"(#"'" "')'&' "#('(##"'# ("" '((!"(' !& " 1<99.?@6;:6996<;@2E02=A@5.?2C>C<7D6G96JI=DG>INIDEJG8=6H:6C699>I>DC6A 7>AA>DCD;=6GI:GXHA6HH 8DBBDCHID8@6C9DG=6GI:G"DA9>CIH .=:DBE6CN6AHDL>I==DA9HH=6G:HD;>IHA6HH8DBBDCHID8@>C E6NB:CI D; >C8DB: I6M L>I==DA9>C< DL:9 7N :BEADN::H JEDC K:HI>C< D; :FJ>IN 6L6G9H 6H L:AA 6H :M:G8>H: 8DHIH DL:9 7N :BEADN::HJEDC:M:G8>H:D;HID8@DEI>DCH

II=::C9D;:68=;>H86AN:6G =6GI:GXH7D6G9D;9>G:8IDGH6EEGDK:HI=:G:I>G:B:CID;I=:I=:C8JGG:CIANDJIHI6C9>CG:96HD;:8:B7:G 6C9 .=:DBE6CN688DJCIH;DGIG:6HJGNHID8@JH>CC8AJ9:HIG:6HJGNHID8@6H68DBEDC:CID;IDI6AH=6G:=DA9:GHX:FJ>IN /EDCG:I>G:B:CI I=:H:IG:6HJGNH=6G:H 6G:6AAD86I:97:IL::C699>I>DC6AE6>9 >C86E>I6A6C9G:I6>C:9:6GC>C8>I76H:9DCI=:8DHID;DG><>C6A>HHJ: >C8AJ9:9>C699>I>DC6AE6>9 >C86E>I6A

"<;0<;A?<996;4;A2?2@A@

(DC8DCIGDAA>C<>CI:G:HIHG:EG:H:CIH8DCHDA>96I:9HJ7H>9>6G>:HD;L=>8=I=:DBE6CNDLCHA:HHI=6C .=:DBE6CN>H6 =DA9>C< 8DBE6CN L=DH: EG>C8>E6A 6HH:I >H 6 8DCIGDAA>C< :FJ>IN >CI:G:HI >C =6GI:G "DA9>CC9>G:8I DLC:G D; I=: DBE6CNXH867A:HNHI:BH (DC8DCIGDAA>C<>CI:G:HIHDCI=:DBE6CNXH76A6C8:H=::IEG>B6G>AN>C8AJ9:H(XH:FJ>IN>CI:G:HIH >C=6GI:G"DA9>C8=>H8DBEG>H:9D;68DBBDCDLC:GH=>E>CI:G:HI6C968DCK:GI>7A:EG:;:GG:9DLC:GH=>E>CI:G:HI

HD;:8:B7:G (=:A9 B>AA>DC=6GI:G"DA9>CIHL=>8=6G::M8=6C<:67A:6I6CNI>B:>CID :>I=:G=6GI:GA6HH8DBBDCHID8@DC6DC: ;DG DC:76H>H DG 6I=6GI:GXHDEI>DC 86H= 76H:9DCI=:I=:C8JGG:CIB6G@:I EG>8:D;=6GI:GA6HH8DBBDCHID8@ (:I>C8DB:D;=6GI:G"DA9>C7JI67A:ID(XH8DBBDCCDC8DCIGDAA>C<>CI:G:HI ;DG;>C6C8>6AG:EDGI>CH76H:9DCI=:L:><=I:96K:G6<::;;:8I>K:8DBBDCDLC:GH=>E>CI:G:HID;6EEGDM>B6I:AN 6C9L6HB>AA>DC B>AA>DC6C9B>AA>DC;DGI=:N:6GH:C9:9:8:B7:G 6C9 G:HE:8I>K:AN =6GI:G"DA9>CHG:FJ>G:9IDB6@:FJ6GI:GAN86H=I6M9>HIG>7JI>DCHL>I=6CCJ6AIGJ: JEHDC6EGDG6I676H>HID>IHE6GIC:GH 76H:9DCI=:E6GIC:GL>I=I=:=><=:HIEGDEDGI>DC6I:86H=I6MG:FJ>G:B:CI .DI=::MI:CIHJ8=I6M9>HIG>7JI>DCHLDJA9:M8::9 =6GI:GXH86H=I6MG:FJ>G:B:CIH >IB6NL6>K:>IH:CI>IA:B:CIIDI6M9>HIG>7JI>DCH6C9 >CHI:69 >HHJ:6CDC EGDG6I669K6C8:ID ( L=>8=L>AA688GJ:>CI:G:HI6I6BDC:NB6G@:IG6I:6C9L>AAG:9J8:(XH:M8=6C<:K6AJ:>CID86H=DG=6GI:GA6HH 8DBBDCHID8@ =6GI:G"DA9>CHIG>7JI:9B>AA>DC B>AA>DC6C9B>AA>DCID(6H6EGDG6I6I6M9>HIG>7JI>DCDC>IH 8DBBDCJC>IH9JG>CK:AN

.=:;DAADL>CCCIH;GDB(EJGHJ6CIIDI=:&:II:G IN9JG>C

-2.?;121202:/2? (JB7:GD;JC>IHEJG8=6H:9 K:G6<:EG>8:E:GJC>I BDJCID;JC>IHEJG8=6H:9 :8G:6H:>CCDC8DCIGDAA>C<>CI:G:HI76H:9DC86GGN>CC699>I>DC6AE6>9 >C 86E>I6A C:ID;I6M

.DI6A H=6G:=DA9:GH :FJ>IN L6H 6AHD 69?JHI:9 9JG>C< I=: N:6GH :C9:9 :8:B7:G 6C9 9J: ID 8=6C<:H >C =6GI:G"DA9>CE6H;DAADLH

-2.?;121202:/2? :8G:6H:>CCDC8DCIGDAA>C<>CI:G:HI #C8G:6H:>C699>I>DC6AE6>9 >C 86E>I6A C:ID;I6M 

HD;:8:B7:G (6AHD=:A9B>AA>DC=6GI:G"DA9>C7A:EG:;:GG:9JC>IHL>I=6;68:6BDJCID; 7>AA>DCI=6IE6NH66CCJ6AEG:;:GG:99>K>9:C9 .=:6CCJ6AEG:;:GG:99>K>9:C9>HE6>9FJ6GI:GAN>C86H= >;6C9L=:C

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

00

.=:DBE6CNJH:H9:G>K6I>K:>CHIGJB:CIHIDB6C6<:;DG:>H@DCI=:-I:GA>C<(DI:H 6C99D:HCDI=DA9DG>HHJ: 9:G>K6I>K:>CHIGJB:CIH;DGHE:8JA6I>K:IG69>C

GDHH 8JGG:C8N9:G>K6I>K:>CHIGJB:CIH6G:JH:9ID:;;:8I>K:AN8DCK:GIP 7>AA>DC6<C8>E6A6BDJCID;;>M:9 G6I: G>I>H=EDJC9HI:GA>C<9:CDB>C6I:99:7I >C8AJ9>C<6CCJ6A>CI:G:HIE6NB:CIH6C9I=:E6NB:CID;EG>C8>E6A6IB6IJG>IN ID;>M:9 G6I:/ - 9DAA6G9:CDB>C6I:99:7I .=:8GDHH 8JGG:C8NHL6EH=6K:B6IJG>I>:HD;$JC:6C9$JAN .=:DBE6CN>H G:FJ>G:9IDEDHI8DAA6I:G6ADCI=:8GDHH 8JGG:C8N9:G>K6I>K:>CHIGJB:CIHL=:CI=:9:G>K6I>K:8DCIG68IH6G:>C6A>67>A>INEDH>I>DC #CEG>A I=:DBE6CN:CI:G:9>CID68DAA6I:G6A=DA>96N68=:A>B>C6I:HI=:G:FJ>G:B:CIIDEDHI8DAA6I:G6A;DGI=G::N:6GH 6HL:AA6H6I:CN:6G8DAA6I:G6A86EDCI=:G:B6>C>C< D;I=:8GDHH 8JGG:C8NHL6EHL=>8=A>B>IHI=:G:FJ>G:98DAA6I:G6AEDHI>CAA>DC .=:;6>GK6AJ:D;I=:DBE6CNH8GDHH 8JGG:C8N9:G>K6I>K:HL6HB>AA>DC6C9B>AA>DC6C9>H>C8AJ9:9>CDI=:G ADC< I:GBA>67>A>I>:HDC>IH8DCHDA>96I:976A6C8:H=::IH6HD;:8:B7:G 6C9 G:HE:8I>K:AN

.=:DBE6CNXH9:G>K6I>K:>CHIGJB:CIH6G:CDI9:H>GK6AJ::68=E:G>D9 L>I=I=:>BE68I G:8DG9:96H6<6>CDGADHHDC;>C6C8>6A>CHIGJB:CIH C:I>CI=:8DCHDA>96I:9HI6I:B:CIHD;DE:G6I>DCH 1=>A:I=:H:9:G>K6I>K: >CHIGJB:CIH 6G: CDI 9:H>C< EJGEDH:H B6C6<:B:CI 8DCI>CJ:H ID 7:A>:K: HJ8= >CHIGJB:CIH 6G: 8ADH:AN8DGG:A6I:9L>I=I=:G:HE:8I>K:9:7I I=JHB6C6<>C<6HHD8>6I:9G>H@

.=::;;:8ID;;>C6C8>6A>CHIGJB:CIHDCI=:8DCHDA>96I:9HI6I:B:CIHD;DE:G6I>DCH>HEG:H:CI:9>CI=:I67A:7:ADL -2.?;121202:/2? .6; <@@<;6;.;06.9;@A?B:2;A@"2A =6C<:>C;6>GK6AJ:D;8GDHH 8JGG:C8N9:G>K6I>K:>CHIGJB:CIH DG:>C<(DI:HID/ - 9DAA6GH

 .6?*.9B2!2.@B?2:2;A@

88DJCI>C<96C8::HI67A>H=:H6I=G:: A:K:A=>:G6G8=N;DG9>H8ADHJG:D;;6>GK6AJ:B:6HJG:B:CIH 76H:9DCI=:IG6CHE6G:C8ND; >CEJIHIDI=:K6AJ6I>DCD;6C6HH:IDGA>67>A>IN6HD;I=:B:6HJG:B:CI96I: 6H;DAADLH

R &:K:AT>CEJIHIDI=:K6AJ6I>DCB:I=D9DAD8:HJC69?JHI:9;DG>9:CI>86A6HH:IHDGA>67>A>I>:H>C68I>K: B6G@:IH R &:K:AT>CEJIHIDI=:K6AJ6I>DCB:I=D9DADC8AJ9:FJDI:9EG>8:H;DGH>B>A6G6HH:IH6C9A>67>A>I>:H>C68I>K:B6G@:IH 6C9 >CEJIHI=6I6G:D7H:GK67A:;DGI=:6HH:IDGA>67>A>IN :>I=:G9>G:8IANDG>C9>G:8IAN ;DGHJ7HI6CI>6AANI=:;JAAI:GBD;I=:;>C6C8>6A >CHIGJB:CI R &:K:AT>CEJIHIDI=:K6AJ6I>DCB:I=D9DAD;>86CIIDI=:;6>GK6AJ:B:6HJG:B:CI

 &(&#!!)"(#"'" "')'&' "#('(##"'# ("" '((!"(' !& " 1<99.?@6;:6996<;@2E02=A@5.?2=+8.3+,363>3/=

.=: DBE6CN =6H :HI>B6I:9 I=: ;6>G K6AJ: D; >IH ;>C6C8>6A >CHIGJB:CIH 6H D; :8:B7:G 6C9 JH>C< 6K6>A67A: B6G@:I>C;DGB6I>DCDGDI=:G6EEGDEG>6I:K6AJ6I>DCB:I=D9DAD<>:H DCH>9:G67A:?J9HG:FJ>G:9>C>CI:GEG:I>C< B6G@:I 96I6 ID 9:K:ADE I=: :HI>B6I:H D; ;6>G K6AJ: 88DG9>CB6I:H EG:H:CI:9 >C I=: 688DBE6CN>C< 8DCHDA>96I:9 ;>C6C8>6AHI6I:B:CIH6G:CDIC:8:HH6G>AN>C9>86I>K:D;I=:6BDJCIHI=:DBE6CNLDJA9G:6A>O:>C68JGG:CIB6G@:I:M8=6C<:

.=:86GGN>C<6BDJCIHD;86H=6C986H=:FJ>K6A:CIH G:HIG>8I:986H= G:8:>K67A:H E6N67A:H6C9DI=:G8JGG:CI6HH:IH6C9A>67>A>I>:H 6EEGDM>B6I:;6>GK6AJ:7:86JH:D;I=:H=DGIB6IJG>IND;I=DH:>CHIGJB:CIH

>C6C8>6A>CHIGJB:CIH688DJCI:9;DG6I;6>GK6AJ:DC6G:8JGG>C<76H>H6C98A6HH>;>:9L>I=>C&:K:AD;I=:K6AJ6I>DC=>:G6G8=N >C8AJ9: I=: DBE6CNH 8GDHH 8JGG:C8N 9:G>K6I>K: >CHIGJB:CIH 6C9 L:G: K6AJ:9 6I B>AA>DC 6C9 B>AA>DC 6H D; :8:B7:G 6C9 G:HE:8I>K:AN

.=::HI>B6I:9;6>GK6AJ:D;I=:DBE6CNXHH:C>DGCDI:H6C99:7:CIJG:H6HD;:8:B7:G 6C9>H76H:9DCFJDI:9 B6G@:IEG>8:H>C68I>K:B6G@:IH6C9>H8A6HH>;>:9L>I=>C&:K:AD;I=:K6AJ6I>DC=>:G6G8=N L=>A:I=::HI>B6I:9;6>GK6AJ:D;I=: DBE6CNXH8G:9>I;68>A>I>:H>H76H:9DCFJDI:9B6G@:IEG>8:H>C>C68I>K:B6G@:IH6C9>H8A6HH>;>:9L>I=>C&:K:A .=:86GGN>C< 6BDJCID;I=:8DCHDA>96I:9K6G>67A:>CI:G:HI:CI>INHBDGI<6<:CDI:A>67>A>IN6EEGDM>B6I:H;6>GK6AJ:

HJBB6GND;I=:86GGN>CGK6AJ:D;I=:DBE6CNXH9:7I6I:8:B7:G 6C9>H6H;DAADLH

202:/2? .??F6;4 .??F6;4 *.9B2 .6?*.9B2 *.9B2 .6?*.9B2 -:C>DGCDI:H6C99:7:CIJG:H G:9>I;68>A>I>:H 

98038+8-3+6==/>=+8.3+,363>3/=

.=:DBE6CNXHCDC;>C6C8>6A6HH:IHHJ8=6H:FJ>IN B:I=D9>CK:HIB:CIH ;G6C8=>H:H EGDE:GIN EA6CI 6C9:FJ>EB:CI 6C9DI=:G >CI6C<>7A: 6HH:IH 6G: CDI B:6HJG:9 6I ;6>G K6AJ: DC 6 G:8JGG>C< 76H>H =DL:K:G I=:N 6G: HJ7?:8I ID ;6>G K6AJ: 69?JHIB:CIH >C 8:GI6>C8>G8JBHI6C8:H HJ8=6HL=:CI=:G:>H:K>9:C8:I=6I6C>BE6>GB:CIB6N:M>HI 1=:CHJ8=>BE6>GB:CIH6G:G:8DG9:9 ;6>G K6AJ:H6G:<:C:G6AAN8A6HH>;>:9L>I=>C&:K:AD;I=:K6AJ6I>DC=>:G6G8=N

 #=2?.A6;4<@A@.;1E=2;@2@

)E:G6I>C<8DHIH6C9:ME:CH:H :M8AJH>K:D;>I:BHH=DLCH:E6G6I:AN>CI=:8DCHDA>96I:9HI6I:B:CIHD;DE:G6I>DCH 8DCH>HID;I=: ;DAADL>C<;DGI=:E:G>D9HEG:H:CI:9

-2.?;121202:/2? *GDC< ,:K>IN6C9EGD9J8:98DCI:CI DHIHIDH:GK>8:8JHIDB:GH '6G@:I>C< 'D7>A: )I=:G

*GDC<8DHIH8DCH>HIEG>B6G>AND;8DHIHE6>9IDEGD8 EG:B>JB 9><>I6A K>9:DDC9:B6C96C9E6N E:G K>:L EGDC< ,:K>IN 6C9 EGD9J8:9 8DCI:CI 8DHIH G:EG:H:CI E6NB:CIH ID ;G6C8=>H: 6C9 G:

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

 #A52?#=2?.A6;4E=2;@2@"2A

)I=:GDE:G6I>C<:ME:CH:H C:I8DCH>HID;I=:;DAADL>C<;DGI=:N:6GHEG:H:CI:9

-2.?;121202:/2? -E:8>6A8=6G<:H C:I !6>CADHHDCH6A:D;6HH:IH C:I 

$:/-3+6-2+<1/=8/>

-E:8>6A8=6G<:H C:IEG>B6G>AN>C8AJ9:H:BEADN::I:GB>C6I>DC8DHIH6C9C:I6BDJCIHD;A>I><6I>DCH:IIA:B:CIH JG>C< HE:8>6A 8=6G<:H C:I 6AHD >C8AJ9:H B>AA>DC >C B:G<:G 6C9 G:HIGJ8IJG>C< 8DHIH 6C9 6 B>AA>DC 8=6G<: G:A6I:9 ID I=: DBE6CNHL>I=9G6L6AA>67>A>IN;GDB6BJAI>:BEADN:GE:CH>DCEA6C

+3869==98=+6/90+==/>=8/>

!6>CADHHDCH6A:D;6HH:IH C:IG:EG:H:CIHI=:C:I<6>CDGADHHG:8DO:9DCI=:H6A:H6C99>HEDH6AHD;;>M:96HH:IH>C8AJ9>C<6 B>AA>DC 6C9 B>AA>DC >BE6>GB:CI D; CDC HIG6I:<>8 6HH:IH 9JG>C< I=: N:6GH :C9:9 :8:B7:G 6C9 G:HE:8I>K:AN

 'A<08<:=2;@.A6<;$9.;@

=6GI:GXH HID8@ >C8:CI>K: EA6C EGDK>9:H ;DG ;>:9 HID8@ DEI>DCH >C8:CI>K: HID8@ DEI>DCH HID8@ 6EEG:8>6I>DC G><=IH 9>K>9:C9 :FJ>K6A:CI G><=IH E:G;DGB6C8: JC>IH 6C9 E:G;DGB6C8: H=6G:H H=6G: 6L6G9H E=6CIDB HID8@ G:HIG>8I:9 HID8@ JC>IH 6C9 G:HIG>8I:9 HID8@ >G:8IDGH D;;>8:GH 6C9 DI=:G :BEADN::H D; I=: DBE6CN 6C9 >IH HJ7H>9>6G>:H 6H L:AA 6H DI=:GH E:G;DGB>C<8DCHJAI>C8:H;DGI=:DBE6CN 6G::A><>7A:;DGC8:CI>K:EA6C .=:HID8@>C8:CI>K:EA6C 6AADLH;DGI=:>HHJ6C8:D;JEIDB>AA>DCH=6G:HD;=6GI:GA6HH8DBBDCHID8@DGJC>IH8DCK:GI>7A:>CID=6GI:GA6HH 8DBBDCHID8@ -ID8@ DEI>DCH 6C9 G:HIG>8I:9 HID8@ JC>IH <:C:G6AAN 8A>;; K:HI I=G:: N:6GH ;GDB I=: 96I: D; C HID8@ DEI>DCH 6C9 G:HIG>8I:9HID8@JC>IHK:HI76H:9DC68=>:K:B:CID;HID8@EG>8:=JG9A:H -ID8@DEI>DCH<:C:G6AAN:ME>G:I:CN:6GH;GDBI=:8I:9HID8@JC>IH=6K:CDKDI>C<=IH ,:HIG>8I:9HID8@<:C:G6AANK:HIHDC:N:6G;GDBI=:96I:D;

HD;:8:B7:G IDI6AJCG:8DO:98DBE:CH6I>DCG:B6>C>CO:9>C;JIJG:E:G>D9HIDI6A:9B>AA>DC ;DGHID8@DEI>DCH B>AA>DC;DGG:HIG>8I:9HID8@6C9B>AA>DC;DGG:HIG>8I:9HID8@JC>IH6C9I=:L:><=I:96K:G6<:E:G>D9 DK:G L=>8= I=:N 6G: :ME:8I:9 ID 7: G:8DO:9 >H N:6GH ;DG HID8@ DEI>DCH BDCI=H ;DG G:HIG>8I:9 HID8@ 6C9 N:6GH ;DG G:HIG>8I:9HID8@JC>IH .=:DBE6CNG:8DG9:9B>AA>DC B>AA>DC6C9B>AA>DCD;HID8@8DBE:CH6I>DC:ME:CH:;DG I=:N:6GH:C9:9:8:B7:G 6C9 G:HE:8I>K:AN L=>8=>H>C8AJ9:9>CDE:G6I>C<8DHIH6C9:ME:CH:H

&(&#!!)"(#"'" "')'&' "#('(##"'# ("" '((!"(' !& " 1<99.?@6;:6996<;@2E02=A@5.?2K>IN;DG=6GI:GXHHID8@DEI>DCH;DGI=:N:6GH:C9:9:8:B7:G 6C9 >H6H;DAADLH H=6G:H>CI=DJH6C9H :M8:EIE:GH=6G:96I6

-2.?;121202:/2? +2645A21 +2645A21 +2645A21 C2?.42 44?24.A2 C2?.42 44?24.A2 C2?.42 44?24.A2 E2?06@2 ;A?6;@60 E2?06@2 ;A?6;@60 E2?06@2 ;A?6;@60 '5.?2@ $?602 *.9B2 '5.?2@ $?602 *.9B2 '5.?2@ $?602 *.9B2 )JIHI6C9>C< 7:<>CC>CD9 !G6CI:9 M:G8>H:9 6C8:A:9 )JIHI6C9>C< :C9D;E:G>D9

1:><=I:96K:G6<:G:B6>C>C< 8DCIG68IJ6AA>;: N:6GH N:6GH N:6GH )EI>DCH:M:G8>H67A: :C9D; E:G>D9 )EI>DCH:ME:8I:9IDK:HI :C9 D;E:G>D9 1:><=I:96K:G6<:;6>GK6AJ: D;DEI>DCH

HJBB6GND;I=:68I>K>IN;DG=6GI:GXHG:HIG>8I:9HID8@;DGI=:N:6GH:C9:9:8:B7:G 6C9 >H6H;DAADLH H=6G:H>CI=DJH6C9H :M8:EIE:GH=6G:96I6

-2.?;121202:/2? +2645A21 +2645A21 +2645A21 C2?.42 C2?.42 C2?.42 ?.;A ?.;A ?.;A '5.?2@ $?602 '5.?2@ $?602 '5.?2@ $?602 )JIHI6C9>C< 7:<>CC>CD9 !G6CI:9 0:HI:9 6C8:A:9 U U U U U U )JIHI6C9>C< :C9D;E:G>D9

&(&#!!)"(#"'" "')'&' "#('(##"'# ("" '((!"(' !& " 1<99.?@6;:6996<;@2E02=A@5.?2K>IN;DG=6GI:GXHG:HIG>8I:9HID8@JC>IH;DGI=:N:6GH:C9:9:8:B7:G 6C9 >H6H ;DAADLHH=6G:H>CI=DJH6C9H :M8:EIE:GH=6G:96I6

-2.?;121202:/2? +2645A21 +2645A21 +2645A21 C2?.42 C2?.42 C2?.42 ?.;A ?.;A ?.;A '5.?2@ $?602 '5.?2@ $?602 '5.?2@ $?602 )JIHI6C9>C< 7:<>CC>CD9 !G6CI:9 0:HI:9 6C8:A:9 )JIHI6C9>C< :C9D;E:G>D9

 ;0<:2(.E2@

-J7HI6CI>6AAN6AAD;I=:DBE6CNXHDE:G6I>DCH6G:=:A9I=GDJ<==6GI:G"DA9>CIH9>G:8I6C9>C9>G:8IHJ7H>9>6G>:H =6GI:G "DA9>CIN D; >IH HJ7H>9>6G>:H 6G: <:C:G6AAN A>B>I:9 A>67>A>IN 8DBE6C>:H I=6I 6G: CDI HJ7?:8I ID >C8DB: I6M "DL:K:G 8:GI6>CD;I=:H:A>B>I:9A>67>A>IN8DBE6C>:H6G:HJ7?:8IIDHI6I:>C8DB:I6M #C699>I>DC I=:HJ7H>9>6G>:HI=6I6G: 8DGEDG6I>DCH6G:HJ7?:8IID>C8DB:I6M !:C:G6AAN I=:I6M67A:>C8DB: <6>CH ADHH:H 9:9J8I>DCH6C98G:9>IHD;=6GI:G"DA9>CIHB:B7:GH =6GI:G6C9( =6GI:G>HG:HEDCH>7A:;DG>IHH=6G:D;I6M67A:>C8DB:DGADHHD;=6GI:G "DA9>CI>C688DG96C8:L>I=I=:=6GI:G"DA9>CB>I:9&>67>A>INDBE6CNEI6MGJA:H6C9G:DCH H6G:HJAI =6GI:GHEG>B6GN9:;:GG:9I6M8DBEDC:CIG:8DG9:9>CI=:8DCHDA>96I:9 76A6C8:H=::IHG:A6I:HID>IH:M8:HH;>C6C8>6AG:EDGI>C9:76H>H :M8AJ9>C<6BDJCIH6IIG>7JI67A:IDCDC9:9J8I>7A:AA DK:G=6GI:GHI6M76H>H>CI=:>CK:HIB:CI>C=6GI:G"DA9>C

=6GI:G "DA9>CC9>G:8I DLC:G D; I=: DBE6CNXH 867A: HNHI:BH <:C:G6AAN 6AAD86I:H >IH I6M67A: >C8DB: <6>CH ADHH:H 9:9J8I>DCH6C98G:9>IHEGDEDGI>DC6I:AN688DG9>CK:DLC:GH=>E>CI:G:HIH :M8:EI;DGHE:8>6A6AAD86I>DCH G:FJ>G:9 JC9:G -:8I>DC 8 D; I=: #CI:GC6A ,:K:CJ: D9: 6C9I=: .G:6HJGN ,:DCH V-:8I>DC 8W *JGHJ6CI ID -:8I>DC86C9I=:&&I:BD;>C8DB: <6>C ADHH6C99:9J8I>DCL>I=G:HE:8IID6CNEGDE:GIN8DCIG>7JI:9 IDI=:86E>I6AD;I=:E6GIC:GH=>EH=6AA HDA:AN;DGI6MEJGEDH:H 7:6AAD86I:96BDCCID688DJCI6CN K6G>6I>DC7:IL::CI=:69?JHI:976H>HD;HJ8=EGDE:GINIDI=:E6GIC:GH=>E;DG/ - ;:9:G6A>C8DB:I6MEJGEDH:H6C9>IH>C>I>6ACI>DC6AB:I=D9W6H9:H8G>7:9>CI=:.G:6HJGN,:DCH

 &(&#!!)"(#"'" "')'&' "#('(##"'# ("" '((!"(' !& " 1<99.?@6;:6996<;@2E02=A@5.?2

DGI=:N:6GH:C9:9:8:B7:G 6C9 I=:DBE6CNG:8DG9:99:;:GG:9>C8DB:I6M:ME:CH:6HH=DLC7:ADL .=:I6MEGDK>H>DC>C;JIJG:E:G>D9HL>AAK6GN76H:9DC8JGG:CI6C9;JIJG:I:BEDG6GN9>;;:G:C8:H 6HL:AA6H;JIJG:DE:G6I>C< G:HJAIH

-2.?;121202:/2? JGG:CI7:C:;>I:ME:CH: :9:G6A>C8DB:I6M:H -I6I:>C8DB:I6M:H JGG:CI>C8DB:I6M:ME:CH: 

:;:GG:97:C:;>I:ME:CH: :9:G6A>C8DB:I6M:H -I6I:>C8DB:I6M:H :;:GG:9>C8DB:I6M:ME:CH: #C8DB:I6M:ME:CH: 

)C'6G8= I=: 6B>A>:H >GHIDGDC6K>GJH,:HEDCH:8I ,8I 6C9DC'6G8= I=:DGDC6K>GJH>9 ,:A>:; 6C9 8DCDB>8-:8JG>IN8I, -8IL:G::68=:C68I:9>CG:HEDCH:IDI=:)0# E6C9:B>8 .=: ,8I 6C9 I=: , - 8I 8DCI6>C CJB:GDJH I6M EGDK>H>DCH HJ8= 6H 9:;:GG>C< E6NGDAA I6M E6NB:CIH :HI67A>H=>C< 6 8G:9>I ;DG I=: G:I:CI>DC D; 8:GI6>C :BEADN::H G:A6M>C< A>B>I6I>DCH DC I=: 9:9J8I>7>A>IN D; >CI:G:HI 6C9 JE96I>C< I=: 9:;>C>I>DC D; FJ6A>;>:9 >BEGDK:B:CIEGDE:GIN .=>HA:<>HA6I>DC8JGG:CIAN=6HCDB6I:G>6A>BE68IID>C8DB:I6M:ME:CH:DCI=:DBE6CNXH;>C6C8>6A HI6I:B:CIH

.=:DBE6CNXH:;;:8I>K:I6MG6I:9>;;:GH;GDBI=6I9:G>K:97N6EEAN>C867A:;:9:G6A>C8DB:I6MG6I:D;;DGI=: N:6GH:C9:9:8:B7:G 6C96H;DAADLH

-2.?;121202:/2? -I6IJIDGN;:9:G6A>C8DB:I6M:H -I6IJIDGNHI6I:>C8DB:I6M:H C:I =6C<:>CJC8:GI6>CI6MEDH>I>DCH (DC9:9J8I>7A::ME:CH:H (:I>C8DB:6IIG>7JI67A:IDCDC8DCIGDAA>C<>CI:G:HI M8:HHHID8@8DBE:CH6I>DC :9:G6AI6M8G:9>IH .6MG6I:8=6C<:H )I=:G #C8DB:I6M:ME:CH:

 &(&#!!)"(#"'" "')'&' "#('(##"'# ("" '((!"(' !& " 1<99.?@6;:6996<;@2E02=A@5.?2=3+,363>3/=

.=:I6M:;;:8IHD;I=:H:I:BEDG6GN9>;;:G:C8:HI=6I<>K:G>H:IDH>;>86CIEDGI>DCHD;I=:9:;:GG:9I6M6HH:IH6C99:;:GG:9I6M A>67>A>I>:H6I:8:B7:G 6C96G:EG:H:CI:97:ADL

202:/2? :;:GG:9I6M6HH:IH &DHH86GGN;DGL6G9H 88GJ:96C9DI=:G .DI6ADC6AADL6C8: :;:GG:9I6M6HH:IH 

:;:GG:9I6MA>67>A>I>:H #CK:HIB:CI>CE6GIC:GH=>E 88GJ:96C9DI=:G :;:GG:9I6MA>67>A>I>:H (:I9:;:GG:9I6MA>67>A>I>:H 

.=: 9:;:GG:9 I6M A>67>A>I>:H DC I=: >CK:HIB:CI >C E6GIC:GH=>E 67DK: >C8AJ9:H 6EEGDM>B6I:AN B>AA>DC 6C9 B>AA>DC C:I 9:;:GG:9I6MA>67>A>I>:HG:A6I>CC>C9>G:8IHJ7H>9>6G>:HI=6I;>A:H:E6G6I:HI6I:>C8DB:I6MG:IJGCH6I:8:B7:G 6C9 G:HE:8I>K:AN

'+6?+>398669A+8-/

#C6HH:HH>CO67>A>IND;9:;:GG:9I6M6HH:IH B6C6<:B:CI8DCH>9:GHL=:I=:G>I>HBDG:A>@:ANI=6CCDII=6IHDB:EDGI>DC DG 6AA D; I=: 9:;:GG:9 I6M 6HH:IH L>AA 7: G:6A>O:9 #C :K6AJ6I>C< I=: C::9 ;DG 6 K6AJ6I>DC 6AADL6C8: B6C6<:B:CI I6@:H >CID 688DJCIK6G>DJH;68IDGH >C8AJ9>CC8DB: 6K6>A67A:I6MEA6CC>C:H6C9G:K:GH6AHD; :M>HI>C< I6M67A: I:BEDG6GN 9>;;:G:C8:H H D; :8:B7:G 6C9 6EEGDM>B6I:AN B>AA>DC 6C9 B>AA>DC G:HE:8I>K:AN D;I=:K6AJ6I>DC6AADL6C8:>H6HHD8>6I:9L>I=;:9:G6A86E>I6AADHH86GGN;DGL6G9H6C9B>AA>DC6C9B>AA>DC G:HE:8I>K:AN >H6HHD8>6I:9L>I=HI6I:I6MADHH86GGN;DGL6G9H6C9DI=:GB>H8:AA6C:DJH9:;:GG:9I6M6HH:IH

/> :/<+>3819==+<

HD;:8:B7:G =6GI:G=696EEGDM>B6I:AN 7>AA>DCD;;:9:G6AI6MC:IDE:G6I>CC<>C6 B6I:AN 7>AA>DC :9:G6AI6MC:IDE:G6I>CG:>CI=:N:6GH I=GDJ<= .=:H: ADHH:H G:HJAI:9 ;GDB I=: DE:G6I>DCH D; =6GI:G DBBJC>86I>DCH "DA9>CIHHJ7H>9>6G>:H6C9;GDBADHH86GGN;DGL6G9HG:8:>K:96H6G:HJAID;I=:B:G<:GL>I=.1 #C699>I>DC 6HD; :8:B7:G =6GI:G=69HI6I:I6MC:IDE:G6I>CC<>C6I D; 6EEGDM>B6I:AN B>AA>DC -I6I: I6M C:I DE:G6I>C< ADHH 86GGN;DGL6G9H <:C:G6AAN :ME>G: >C I=: N:6GH I=GDJ<= /EDC8ADH>CI=.1>C =6GI:G:ME:G>:C8:96I=>G9VDLC:GH=>E8=6C<:W6H9:;>C:9>C-:8I>DCD; I=:#CI:GC6A,:K:CJ:D9:G:HJAI>C<>C6I=>G9H:ID;A>B>I6I>DCHDC=6GI:GXHJH:D;>IH:M>HI>C<;:9:G6A6C9HI6I:C:IDE:G6I>C< ADHH:H 86E>I6A ADHH:H 6C9 I6M 8G:9>I 86GGN;DGL6G9H DI= I=: ;>GHI DLC:GH=>E 8=6C<: A>B>I6I>DCH I=6I 6EEA>:9 6H 6 G:HJAI D; =6GI:GXH :B:G<:C8: ;GDB 76C@GJEI8N >C 6C9 H:8DC9 DLC:GH=>E 8=6C<: A>B>I6I>DCH I=6I 6EEA>:9 6H 6 G:HJAI D; &>7:GIN ':9>6DGEDG6I>DCXHEJG8=6H:>CD;67:C:;>8>6A>CI:G:HI>C=6GI:GL>AA6AHD8DCI>CJ:ID6EEAN ;I:G:8:B7:G B>AA>DCD;=6GI:GH;:9:G6AI6MADHH86GGN;DGL6G9H6G:HJ7?:8IID-:8I>DC6C9DI=:GG:HIG>8I>DCH *JGHJ6CIIDI=:H: G:HIG>8I>DCH =6GI:G:HI>B6I:HI=6I6EEGDM>B6I:ANB>AA>DC6CCJ6AANDK:G:68=D;I=:C:MII=G::N:6GHD;;:9:G6AI6MADHH 86GGN;DGL6G9HH=DJA97:8DB:JCG:HIG>8I:96C96K6>A67A:;DG=6GI:GXHJH: ->C8:I=:A>B>I6I>DC6BDJCIH688JBJA6I:;DG;JIJG: JH:IDI=::MI:CII=:N6G:CDIJI>A>O:9>C6CN<>K:CN:6G =6GI:G7:A>:K:H>IHADHH86GGN;DGL6G9HH=DJA97:8DB:;JAAN6K6>A67A:ID D;;H:I;JIJG:I6M67A:>C8DB: =6GI:GXHHI6I:ADHH86GGN;DGL6G9H6G:HJ7?:8IIDH>B>A6G 7JIK6GN>C< A>B>I6I>DCHDCI=:>G;JIJG:

&(&#!!)"(#"'" "')'&' "#('(##"'# ("" '((!"(' !& " 1<99.?@6;:6996<;@2E02=A@5.?2:C8:6CDI=:GVDLC:GH=>E8=6C<:W>CI=:;JIJG: >IH67>A>INIDJH:>IHADHH86GGN;DGL6G9H8DJA97: HJ7?:8IID;JGI=:GA>B>I6I>DCH

%+B#/-/3@+,6/1

/C9:GI=:&&<=IHID8DCK:GI6I6CNI>B:HDB:DG6AAD;>IHEG:;:GG:9JC>IH>C=6GI:G"DA9>CIH >C =6GI:G "DA9>CB:HDB: DG 6AA D; >IH 8DBBDC JC>IH >C =6GI:G "DA9>CDC *JGHJ6CI ID 6 .6M ,:8:>K67A: I L=:C G:6A>O:9 7N =6GI:G ;GDB I=: HI:E JE >C I6M 76H>H G:HJAI>C< ;GDB 6CN ;JIJG: :M8=6C<: DG H6A: D; I=: EG:;:GG:9 6C9 8DBBDC JC>IH =6GI:G 9>9 CDI G:8DG9 6 A>67>A>IN ;DG I=>H D7A><6I>DC6HD;I=:68FJ>H>I>DC96I:H>C8:I=:I6M7:C:;>I>H9:E:C9:CIDCJC8:GI6>C;JIJG::K:CIHI=6I6G:DJIH>9:D;=6GI:GXH 8DCIGDA HJ8=6HI=:I>B>CDCDG:M8=6C<: ;JIJG::M8=6C<:DGH6A:>HCDI76H:9DC6;>M:96C99:I:GB>C67A:96I: 6C9I=::M8=6C<:DGH6A:>HCDI8:GI6>CIDD88JG #;6AAD;(HE6GIC:GH=>EJC>IHL:G:ID7::M8=6C<:9DGHDA9>CI=:;JIJG: I=: JC9>H8DJCI:9K6AJ:D;I=:D7A><6I>DC>H8JGG:CIAN:HI>B6I:9ID7:>CI=:G6C<:D;O:GDID 7>AA>DC9:E:C9>CCI=:;JIJG:6C9=6GI:GXH67>A>INIDG:6A>O:I=:I6M7:C:;>I>CI=:E:G>D9H;DAADL>CBE68I>CDCH>C8AJ9: 7JI6G:CDIA>B>I:9ID I=:;6>GK6AJ:D;I=::FJ>IN6II=:I>B:D;I=::M8=6C<:6C9 I=::;;:8I>K:I6MG6I:HL=:CI=:7:C:;>IH6G:G:6A>O:9

&8-/<>+38%+B!9=3>398=

.=:C:I6BDJCID;I=:JCG:8DO:9I6M7:C:;>IHG:8DG9:96HD;:8:B7:G I=6I8DJA9>BE68II=::;;:8I>K:I6MG6I:>H B>AA>DC .=:DBE6CN=6H9:I:GB>C:9I=6I>I>HG:6HDC67ANEDHH>7A:I=6I>IH:M>HI>CCI6MEDH>I>DCH6H D; :8:B7:G 8DJA9 9:8G:6H: 7N 6EEGDM>B6I:AN B>AA>DC 9JG>C< I=: N:6G :C9:9 :8:B7:G G:A6I:9 ID K6G>DJH DCC< 6J9>IH H:IIA:B:CI 9>H8JHH>DCH 6C9 :ME>G6I>DC D; HI6IJI: D; A>B>I6I>DCH L>I= K6G>DJH HI6I: 6C9 AD86A 6<:C8>:H =DL:K:G K6G>DJH:K:CIH8DJA986JH:I=:DBE6CNXH8JGG:CI:ME:8I6I>DCHID8=6C<:>CI=:;JIJG: .=:H:JC8:GI6>CI6MEDH>I>DCH >;:K:GG:8DO:9>CI=:;>C6C8>6AHI6I:B:CIH LDJA97:G:8DG9:9>CI=:8DCHDA>96I:9HI6I:B:CIHD;DE:G6I>DCH6HE6GID;I=: >C8DB:I6MEGDK>H>DC G:8DC8>A>6I>DCD;I=:7:<>CC>C<6C9:C9>C<6BDJCID;JCG:8DO:9I6M7:C:;>IH :M8AJH>K:D;>CI:G:HI 6C9E:C6AI>:H >C8AJ9:9>CDI=:GADC< I:GBA>67>A>I>:HDCI=:688DBE6CN>C<8DCHDA>96I:976A6C8:H=::IHD;I=:DBE6CN>H6H ;DAADLH

&( :8:B7:G 99>I>DCHDCEG>DGN:6GI6MEDH>I>DCH 99>I>DCHDC8JGG:CIN:6GI6MEDH>I>DCH ,:9J8I>DCHDCH:IIA:B:CIH6C9:ME>G6I>DCHL>I=I6M>C<6JI=DG>I>:H &( :8:B7:G 99>I>DCHDCEG>DGN:6GI6MEDH>I>DCH 99>I>DCHDC8JGG:CIN:6GI6MEDH>I>DCH ,:9J8I>DCHDCH:IIA:B:CIH6C9:ME>G6I>DCHL>I=I6M>C<6JI=DG>I>:H &( :8:B7:G

.=:DBE6CNG:8DO:H>CI:G:HI6C9E:C6AI>:H688GJ:9DCJC8:GI6>C>C8DB:I6MEDH>I>DCH6HE6GID;I=:>C8DB:I6MEGDK>H>DC #CI:G:HI6C9E:C6AI>:H>C8AJ9:9>CDI=:GADC< I:GBA>67>A>I>:HDCI=:688DBE6CN>C<8DCHDA>96I:976A6C8:H=::IHD;I=:DBE6CN L:G:B>AA>DC6C9B>AA>DC6HD;:8:B7:G 6C9 G:HE:8I>K:AN

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

 .?;6;4@$2?'5.?2

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

-2.?;121202:/2? (JB:G6IDG (:I>C8DB:6IIG>7JI67A:ID=6GI:GH=6G:=DA9:GH 

:CDB>C6IDG 1:><=I:96K:G6<:8DBBDCH=6G:HDJIHI6C9>C< 76H>8 ;;:8ID;9>AJI>K:H:8JG>I>:H HHJB:9:M:G8>H:DG>HHJ6C8:D;H=6G:HG:A6I>C<=I:96K:G6<:8DBBDCH=6G:HDJIHI6C9>C< 9>AJI:9

6H>8:6GC>C7JI67A:ID=6GI:GH=6G:=DA9:GH >AJI:9:6GC>C7JI67A:ID=6GI:GH=6G:=DA9:GH 

 <:=?252;@6C2;0<:2

.=:;DAADL>C96I:9HI6I:B:CIHD;8DBEG:=:CH>K:>C8DB:;DGI=:N:6GH:C9:9:8:B7:G 6C9

-2.?;121202:/2? DCHDA>96I:9C:I>C8DB: DG:>DC69?JHIB:CI U DCHDA>96I:98DBEG:=:CH>K:>C8DB: &:HHDBEG:=:CH>K:>C8DB:6IIG>7JI67A:IDCDC8DCIGDAA>C<>CI:G:HIH DBEG:=:CH>K:>C8DB:6IIG>7JI67A:ID=6GI:GH=6G:=DA9:GH

&29.A21$.?AF(?.;@.0A6<;@

.=:;DAADL>CCIG6CH68I>DCH>CL=>8=I=:DBE6CN6C9I=:9>G:8IDGH :M:8JI>K:D;;>8:GH 6C96;;>A>6I:HD;I=: DBE6CN6G:>CKDAK:9DG >CI=:86H:D;I=:B6C6<:B:CI6GG6C<:B:CIH HJ7H>9>6G>:HI=6I6G:9:7I>HHJ:GHI=6IE6N8:GI6>CD; I=:>GE6G:CI8DBE6C>:H;DGH:GK>8:H

 &(&#!!)"(#"'" "')'&' "#('(##"'# ("" '((!"(' !& " 1<99.?@6;:6996<;@2E02=A@5.?2

=6GI:G>H6E6GINIDB6C6<:B:CI6GG6C<:B:CIHL>I=DC:D;>IHHJ7H>9>6G>:H -E:8IGJB'6C6<:B:CI"DA9>C<DBE6CN && -E:8IGJB '6C6<:B:CI 6C9 8:GI6>C D; I=:>G HJ7H>9>6G>:H /C9:G I=:H: 69:B6C6<:B:CIH:GK>8:H;DGI=:867A:HNHI:BHDLC:9DGDE:G6I:97NI=:>GHJ7H>9>6G>:H DHIH6HHD8>6I:9 L>I=EGDK>9>C8:H6G:8=6G<:99>G:8IANIDI=:DBE6CNXHDE:G6I>C9>6G>:H AADI=:G8DHIH>C8JGG:9DC7:=6A; D;=6GI:GXHDE:G6I>C9>6G>:H6G:8DCH>9:G:96E6GID;I=:B6C6<:B:CI;:: .=:H:8DHIH6G:G:8DG9:96H68DBEDC:CID; DE:G6I>C< 8DHIH 6C9 :ME:CH:H >C I=: 688DBE6CN>C< 8DCHDA>96I:9;>C6C8>6A HI6I:B:CIH .=: B6C6<:B:CI ;:: 8=6G<:9 ID I=: DBE6CNXHDE:G6I>C9>6G>:H6EEGDM>B6I:9I=::ME:CH:H>C8JGG:97N-E:8IGJB'6C6<:B:CI =6GI:G"DA98D6C9=6GI:G DC7:=6A;D;I=:DBE6CNXHDE:G6I>C9>6G>:H>C 6C9

3,/<>C<9+.,+8.+8.

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

#C:8:B7:G =6GI:G6C9(:CI:G:9>CID6C6B:C9B:CIIDI=:A:II:G6G:H (IDH:AAID=6GI:GDGID=6GI:G"DA9>CH 6CJB7:GD;H=6G:HD;=6GI:GA6HH8DBBDCHID8@DG =6GI:G"DA9>CIHI=6IG:EG:H:CIH6EGDG6I6E6GI>8>E6I>DC7N(6C9>IH6;;>A>6I:H>C6CNG:EJG8=6H:HD;H=6G:HD; =6GI:GA6HH8DBBDCHID8@;GDBE:GHDCHDI=:GI=6C(:;;:8I:97N=6GI:G9JG>CBB:9>6I:ANEG:8:9>C<86A:C96G BDCI= 6I6EJG8=6H:EG>8::FJ6AIDI=:6K:G6<:EG>8:E6>97N=6GI:G;DGI=:H=6G:HG:EJG8=6H:9;GDBE:GHDCHDI=:GI=6C( 9JG>CBB:9>6I:ANEG:8:9>C<86A:C96GBDCI= (6C9=6GI:G7DI==6K:I=:G><=IIDI:GB>C6I:DGHJHE:C9I=:EGDG6I6 G:EJG8=6H:6GG6C<:B:CIDC6EGDHE:8I>K:76H>H *JGHJ6CIIDI=:.,7:IL::C=6GI:G6C9( =6GI:GBJHIE6NID( D;I=:I6M7:C:;>IL=:CG:6A>O:97N=6GI:G;GDBI=:HI:E JE>CI6M76H>HG:HJAI>C<;GDB6CN;JIJG::M8=6C<:DGH6A:D;I=: EG:;:GG:96C98DBBDCJC>IH -::(DI:;DGBDG:>C;DGB6I>DC

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

G '6ADC:6C9'G -I:K:C'>GDC 6B:B7:GD;=6GI:GXH7D6G9D;9>G:8IDGH 6AHDH:GK:DCI=:7D6G9D;9>G:8IDGHD;>H8DK:GN #C8 V>H8DK:GNW HG:EDGI:9>C>H8DK:GNH- ;>A>C:H8DBBDCHID8@ D; I=:H:G>:H8DBBDCHID8@6C9 D;I=:H:G>:H8DBBDCHID8@D;>H8DK:GN6C9=6H6 KDI>C<>CI:G:HI>C>H8DK:GN ;DG I=: :A:8I>DC D; 9>G:8IDGH H G:EDGI:9 >C >H8DK:GNH - ;>A>CC< *6GIC:GH=>E V( **W 6C6;;>A>6I:D;(6C9>CL=>8='G '>GDC>HI=: ) DLCHD;I=:-:G>:H EG:;:GG:9HID8@D;>H8DK:GN6C9 D;I=:-:G>:H EG:;:GG:9HID8@D;>H8DK:GN6C9=6H6 KDI>C<>CI:G:HI;DGB6II:GHDI=:GI=6CI=::A:8I>DCD; 9>G:8IDGH ( ** 6AHD =6H I=: G><=I ID 6EED>CI I=G:: 9>G:8IDGH DJI D; 6 IDI6A D; IL:AK: 9>G:8IDGH ID >H8DK:GNXH 7D6G9 .=: DBE6CN EJG8=6H:H EGDC< ;GDB >H8DK:GN EJGHJ6CI ID 6CID EG>DG ID G '6ADC: 6C9 'G '>GDC ?D>C>C<=6GI:GXH7D6G9D;9>G:8IDGH 6H:9DCEJ7A>8AN6K6>A67A:>C;DGB6I>DC I=:DBE6CN9D:HCDI7:A>:K:I=6I>H8DK:GN LDJA98JGG:CIAN7:8DCH>9:G:96G:A6I:9E6GIN .=:6BDJCIE6>9ID>H8DK:GNG:EG:H:CIHA:HHI=6CD;IDI6ADE:G6I>C<8DHIH 6C9:ME:CH:H;DGI=:N:6GH:C9:9:8:B7:G 6C9

 &(&#!!)"(#"'" "')'&' "#('(##"'# ("" '((!"(' !& " 1<99.?@6;:6996<;@2E02=A@5.?2

;?3>C8@/=>7/8>=

.=:DBE6CN=6H6I=8:GI6>C:FJ>IN>CK:HI::HH::(DI:EJGHJ6CIIDL=>8=I=:DBE6CN=6HB69:DGG:8:>K:9 G:A6I:9E6GINIG6CH68I>DCE6NB:CIH .=:DBE6CNG:8DG9:9E6NB:CIHID:FJ>IN>CK:HI::HIDI6A>CAA>DC B>AA>DC 6C9B>AA>DC9JG>CK:AN

<::6A:2;A@.;1<;A6;42;062@

9773>7/8>=

.=:;DAADL>CO:HI=:DBE6CNXHE6NB:CID7A><6I>DCH6HD;:8:B7:G ;DG>IH8DCIG68IJ6AD7A><6I>DCH

(C<'>C>BJBDBB>IB:CIH6 U U U )I=:G7 

6 .=:DBE6CNE6NHEGDC<;::HJC9:GBJAI> N:6G8DCIG68IHG6C<>C<;GDBI=G::IDI:CN:6GH INE>86AAN76H:9DC6;A6I ;:: E:G 8JHIDB:G L=>8= B6N 7: ;>M:9 ;DG I=: I:GB DG B6N >C HDB: 86H:H :H86A6I: DK:G I=: I:GB *GDC< 8DHIH >C8AJ9:9 >C I=: HI6I:B:CIH D; DE:G6I>DCH L:G: 7>AA>DC 7>AA>DC 6C9 7>AA>DC ;DG I=: N:6GH :C9:9 :8:B7:G 6C9G:HE:8I>K:AN :GI6>CD;I=:DBE6CNXHEGDC<6C>BJB E6NB:CIH .=: I67A: H:IH ;DGI= I=: 6<C>BJB 8DBB>IB:CIHJC9:GI=:DBE6CNXHEGDC<8DCIG68IH 7 V)I=:GWG:EG:H:CIHDI=:GC>BJB8DBB>IB:CIH >C8AJ9>C<=IHC:6I:99>G:8IANL>I=8DCI:CIDLC:GH;DG 9>HIG>7JI>DCDC8DBE6CN DLC:98=6CC:AHDGC:ILDG@H 8DBB>IB:CIHG:A6I:9IDDJGGDA:6H6C69K:GI>H>C<6C99>HIG>7JI>DC H6A:H 6<:CI ;DG I=>G9 E6GIN DLC:9 8=6CC:AH DG C:ILDG@H 8DBB>IB:CIH ID DJG 8JHIDB:G EG:B>H: :FJ>EB:CI 6C9 9:K>8: K:C9DGH6C98DCIG68IJ6AD7A><6I>DCHG:A6I:9IDI=>G9 E6GINC:ILDG@6JDC

.=:;DAADL>C<>I:BH6G:CDI>C8AJ9:9>CI=:8DCIG68IJ6AD7A><6I>DCI67A:9J:IDK6G>DJH;68IDGH9>H8JHH:97:ADL "DL:K:G I=: DBE6CN>C8JGHI=:H:8DHIH6HE6GID;>IHDE:G6I>DCH

R .=: DBE6CN G:CIH JI>A>IN EDA:H JH:9 >C >IH DE:G6I>DCH !:C:G6AAN EDA: G:CI6AH 6G: 86C8:A67A: DC H=DGI CDI>8: 7JI I=: DBE6CN6CI>8>E6I:HI=6IHJ8=G:CI6AHL>AAG:8JG ,:CI:ME:CH:>C8JGG:9;DGEDA:G:CI6A6II68=B:CIH;DGI=:N:6GH:C9:9 :8:B7:G 6C9L6HB>AA>DC B>AA>DC6C9B>AA>DC G:HE:8I>K:AN R .=:DBE6CNE6NH;G6C8=>H:;::HJC9:GBJAI> N:6G;G6C8=>H:69:DH:GK>8:E:GN:6G .=:DBE6CN6AHDE6NHDI=:G;G6C8=>H:G:A6I:98DHIH HJ8=6HEJ7A>8:9J86I>DC N:6G6H:;::H6C9DI=:G;G6C8=>H: G:A6I:98DHIH>C8AJ9:9>CI=:688DBE6CN>CDCH L:G:B>AA>DC B>AA>DC6C9B>AA>DC;DGI=:N:6GH:C9:9:8:B7:G 6C9G:HE:8I>K:AN R .=:DBE6CN=6HB>AA>DC>CA:II:GHD;8G:9>I D;L=>8=B>AA>DC>HH:8JG:9JC9:GI=:=6GI:G)E:G6I>C<8G:9>I ;68>A>IN EG>B6G>ANID>IHK6G>DJH86HJ6AIN86GG>:GH6H8DAA6I:G6A;DGG:>B7JGH:B:CID;LDG@:GH8DBE:CH6I>DC 6JIDA>67>A>IN 6C9<:C:G6AA>67>A>IN8A6>BH R '>C>BJB E:CH>DC ;JC9>C< G:FJ>G:B:CIH =6K: CDI 7::C EG:H:CI:9 >C I=: I67A: 67DK: 6H HJ8= 6BDJCIH =6K: CDI 7::C 9:I:GB>C:97:NDC9 .=:DBE6CNB69:CD86H=8DCIG>7JI>DCHIDI=:FJ6A>;>:9E:CH>DCEA6CH>C=DL:K:G I=: DBE6CN >H E:GB>II:9 ID B6@: 9>H8G:I>DC6GN 86H= 8DCIG>7JI>DCH ID I=: FJ6A>;>:9 E:CH>DC EA6CH >C DG I=: CDCFJ6A>;>:9E:CH>DCEA6C I=:DBE6CN8DCIG>7JI:9B>AA>DC9JG>C<6C9L>AA8DCI>CJ:IDB6@:8DCIG>7JI>DCH>C IDI=::MI:CI7:C:;>IH6G:E6>9 R #C:8:B7:G I=:DBE6CNLDC67>99>CAA>DC>CE=6H:#D;I=:,JG6A><>I6A)EEDGIJC>IN JC9 V,) W6J8I>DCID;JGI=:G:MI:C9>IH7GD6976C9H:GK>8:H>CHI6I:HL=:G:>I8JGG:CIANDE:G6I: .=:DBE6CN:ME:8IHID ;JC9>IHBJAI> 7>AA>DC9DAA6G;>7:G 76H:97J>A9 DJIDK:G6H>MID:><=I N:6GE:G>D9

 &(&#!!)"(#"'" "')'&' "#('(##"'# ("" '((!"(' !& " 1<99.?@6;:6996<;@2E02=A@5.?2

/1+6!<9-//.381=

#CJ6768J88=> ;>A:96A6LHJ>I>CI=::A6L6G:DJGID;=6C8:GN DC7:=6A;D;6EJI6I>K:8A6HHD;=6GI:GHID8@=DA9:GH 8=6AA:C<>CDCH>CKDAK>C<=6GI:G .1 ( 6C9&>7:GIN GD6976C96CCDJC8:97N=6GI:GDC'6N .=:A6LHJ>I L=>8=C6B:96H9:;:C96CIH=6GI:G6C9>IH7D6G9D;9>G:8IDGH 6AA:<:9 I=6I I=: IG6CH68I>DCH G:HJAI:9 ;GDB 7G:68=:H D; ;>9J8>6GN 9JIN 7N =6GI:GXH 9>G:8IDGH 6C9 I=6I &>7:GIN GD6976C9 >BEGDE:GAN7:C:;>I:9;GDBI=:8=6AA:C<:9IG6CH68I>DCH6II=::ME:CH:D;DI=:G=6GI:GHID8@=DA9:GH .=:A6LHJ>I=6HEGD8::9:9 IDI=:9>H8DK:GNE=6H: =6GI:G9:C>:H6CNA>67>A>IN 7:A>:K:HI=6I>I=6HHJ7HI6CI>6A9:;:CH:H 6C9>HK>CH A6LHJ>I AI=DJ<==6GI:G>HJC67A:IDEG:9>8II=:DJI8DB:D;I=>HA6LHJ>I >I9D:HCDI:ME:8II=:DJI8DB:L>AA=6K:6B6I:G>6A :;;:8IDC>IHDE:G6I>DCH ;>C6C8>6A8DC9>I>DCDG86H=;ADLH

.=: 6A>;DGC>6 IIDGC:N !:C:G6A 6C9 I=: A6B:96 DJCIN 6A>;DGC>6 >HIG>8I IIDGC:N 6G: >CK:HI><6I>C< L=:I=:G 8:GI6>C D; =6GI:GXHL6HI:9>HEDH6AEDA>8>:H EGD8:9JG:H6C9EG68I>8:H6G:>CK>DA6I>DCD;I=:6A>;DGC>6JH>C:HH6C9*GD;:HH>DCHD9:6C9 I=:6A>;DGC>6":6AI=6C9-6;:IND9: .=6I>CK:HI><6I>DCL6H8DBB:C8:9>C$6CJ6GN H>B>A6G>CK:HI><6I>DC>CKDAK>C< .1L6H>C>I>6I:9>C :7GJ6GN =6GI:G>H8DDE:G6I>CI=I=:H:>CK:HI><6I>DCH 1=>A:I=:DBE6CN>HJC67A:IDEG:9>8I I=:DJI8DB:D;I=:H:>CK:HI><6I>DCH >I9D:HCDI:ME:8II=6II=:DJI8DB:L>AA=6K:6B6I:G>6A:;;:8IDC>IHDE:G6I>DCH ;>C6C8>6A 8DC9>I>DC DG86H=;ADLH

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

-EG>CI;>A:96I=>G9E6I:CIHJ>I6<6>CHI=6GI:GDC'6N >CI=:/C>I:9-I6I:H>HIG>8IDJGI;DGI=: 6HI:GC>HIG>8ID; 0>G<>C>6 .=>H HJ>I 6AA:<:H >C;G>C<:B:CI D; ILD E6I:CIH G:A6I:9 ID I=: DBE6CNH K>9:D DC 9:B6C9 H:GK>8:H .=: 8DJGI IG6CH;:GG:9 I=>H 86H: ID I=: /C>I:9 -I6I:H >HIG>8I DJGI ;DG I=: >HIG>8I D; :A6L6G: DC :8:B7:G EJGHJ6CI ID 6C 6:H

)C :7GJ6GN -EG>CI ;>A:9 6 A6LHJ>I 6<6>CHI =6GI:G G><=I "DJH: 6C9 .1 -EG>CI 6AA:<:H I=6I =6GI:G B>H6EEGDEG>6I:9IG69:H:8G:IH;GDB-EG>CIN:6GH6G:97NG><=I"DJH: -EG>CI6HH:GIHI=6II=:6AA:<:9 IG69:H:8G:IHG:A6I:IDI=:0D#*7JH>C:HHD;=6GI:G .16C9G><=I"DJH: .=:86H:>HCDLE:C9>C<>CI=:/C>I:9-I6I:H >HIG>8IDJGI;DGI=:>HIG>8ID;%6CH6H

1=>A: I=: DBE6CN >H K>C< I=:H: HJ>IH 6C9 >H JC67A: ID EG:9>8I I=: DJI8DB: D; I=: -EG>CI A6LHJ>IH I=: DBE6CN9D:HCDI:ME:8II=6II=:A>I><6I>DCL>AA=6K:6B6I:G>6A:;;:8IDC>IHDE:G6I>DCH ;>C6C8>6A8DC9>I>DC DG86H=;ADLH

#C699>I>DCIDI=:-EG>CIA>I><6I>DC9:H8G>7:967DK: I=:DBE6CN>H69:;:C96CIDG8D 9:;:C96CI>CH:K:G6A699>I>DC6AA6LHJ>IH >CKDAK>C< 6AA:<:9 >C;G>C<:B:CI D; K6G>DJH >CI:AA:8IJ6A EGDE:GIN G:A6I>C< ID K6G>DJH 6HE:8IH D; >IH 7JH>C:HH:H )I=:G >C9JHIGN E6GI>8>E6CIH6G:6AHD9:;:C96CIH>C8:GI6>CD;I=:H:86H:HDGG:A6I:986H:H #CI=::K:CII=6I68DJGIJAI>B6I:AN9:I:GB>C:HI=6II=: DBE6CN>C;G>C<:HDC6CN>CI:AA:8IJ6AEGDE:GIN I=:DBE6CNB6N7:HJ7?:8IIDHJ7HI6CI>6A96B6<:H6C9DG6C>C?JC8I>DCI=6I 8DJA9G:FJ>G:I=:DBE6CNDG>IHK:C9DGHIDBD9>;N8:GI6>CEGD9J8IH6C9H:GK>8:HI=:DBE6CND;;:GHID>IHHJ7H8G>7:GH 6HL:AA 6HC:6I:GDN6AINDGA>8:CH:6I=G:HE:8IIDI=:>CI:AA:8IJ6AEGDE:GIN6I>HHJ: 1=>A:I=:DBE6CN7:A>:K:HI=:

&(&#!!)"(#"'" "')'&' "#('(##"'# ("" '((!"(' !& " 1<99.?@6;:6996<;@2E02=A@5.?2IH6G:L>I=DJIB:G>I6C9>CI:C9HID9:;:C9I=:68I>DCHK>K:CI=6I6CN69K:GH:DJI8DB: LDJA9 CDI 7: B6I:G>6A ID I=: DBE6CNXH 8DCHDA>96I:9 ;>C6C8>6A 8DC9>I>DC G:HJAIH D; DE:G6I>DCH DG A>FJ>9>IN .=: DBE6CN 86CCDIEG:9>8II=:DJI8DB:D;6CNHJ8=8A6>BHCDG86C>IG:6HDC67AN:HI>B6I:6G6C<:D;EDHH>7A:ADHH

.=: DBE6CN >H E6GIN ID DI=:G A6LHJ>IH 8A6>BH 6C9 G:CFJ>G>:H I=6I 6G>H: >C I=: DG9>C6GN 8DJGH: D; 8DC9J8I>C< >IH 7JH>C:HH .=:JAI>B6I:DJI8DB:D;I=:H:DI=:GA:<6AB6II:GHE:C9>C<6<6>CHII=:DBE6CN86CCDI7:EG:9>8I:9 6C96AI=DJ<= HJ8= A6LHJ>IH 6C9 8A6>BH 6G: CDI :ME:8I:9 >C9>K>9J6AAN ID =6K: 6 B6I:G>6A 69K:GH: :;;:8I DC I=: DBE6CNXH 8DCHDA>96I:9 ;>C6C8>6A8DC9>I>DC G:HJAIHD;DE:G6I>DCHDGA>FJ>9>IN HJ8=A6LHJ>IH8DJA9=6K: >CI=:6<6A69K:GH::;;:8IDCI=: DBE6CNXH8DCHDA>96I:9;>C6C8>6A8DC9>I>DC G:HJAIHD;DE:G6I>DCHDGA>FJ>9>IN 1=:I=:GDGCDII=:DBE6CNJAI>B6I:ANEG:K6>AH >C6CNE6GI>8JA6GA6LHJ>IDG8A6>B A>I><6I>DC86C7:I>B:8DCHJB>C<6C98DHIAN6C9>C?JG:I=:DBE6CNXHG:EJI6I>DC

:=9

!/8=398!6+8=

.=:DBE6CNHEDCHDGHFJ6A>;>:96C9CDCFJ6A>;>:99:;>C:97:C:;>IE:CH>DCEA6CHI=6IEGDK>9:E:CH>DC7:C:;>IHID6B6?DG>IND; :BEADN::HL=DL:G::BEADN:97N.17:;DG:I=:B:G<:GL>I=.1

=6C<:H>CI=:EGD?:8I:97:C:;>ID7A><6I>DC ;6>GK6AJ:D;EA6C6HH:IH6C9;JC9:9HI6IJHD;I=:E:CH>DCEA6CH;GDB$6CJ6GN I=GDJ<=:8:B7:G6G:EG:H:CI:97:ADL *GD?:8I:97:C:;>ID7A><6I>DC6I7:<>CC>C6AADHH -:IIA:B:CI :C:;>IHE6>9 *GD?:8I:97:C:;>ID7A><6I>DC6I:C9D;N:6G6

88JBJA6I:97:C:;>ID7A><6I>DC6I:C9D;N:6G6 

6>GK6AJ:D;EA6C6HH:IH6I7:<>CC>C7JI>DCH -:IIA:B:CI :C:;>IHE6>9 6>GK6AJ:D;EA6C6HH:IH6I:C9D;N:6G7 

JC9:9HI6IJH 

6 HD;:8:B7:G 6C9 FJ6A>;>:9E:CH>DCEA6CHG:EG:H:CI:9 7>AA>DC6C9 7>AA>DC G:HE:8I>K:AN D;7DI= I=: EGD?:8I:9 7:C:;>I D7A><6I>DC 6C9 688JBJA6I:9 7:C:;>I D7A><6I>DC L=>A: I=: DBE6CNXH CDCFJ6A>;>:9 E:CH>DC EA6C G:EG:H:CI:9B>AA>DC6C9B>AA>DC G:HE:8I>K:AN 7 .=:;6>GK6AJ:D;EA6C6HH:IH8DCH>HIH:CI>G:AND;I=:DBE6CNXHFJ6A>;>:9E:CH>DCEA6CH

&(&#!!)"(#"'" "')'&' "#('(##"'# ("" '((!"(' !& " 1<99.?@6;:6996<;@2E02=A@5.?2O:9>CI=:8DCHDA>96I:976A6C8:H=::I6HD;:8:B7:G 6C98DCH>HI:9D;I=:;DAADL>C<

202:/2? (DC8JGG:CI6HH:I JGG:CIA>67>A>IN &DC< I:GBA>67>A>IN (:I6BDJCIHG:8DO:9>C8DCHDA>96I:976A6C8:H=::I 

.=: 8DBEDC:CIH D; C:I E:G>D9>8 7:C:;>I 8DHI ;DG I=: N:6GH :C9:9 :8:B7:G 6C9 8DCH>HI:9 D; I=: ;DAADL>C<

-2.?;121202:/2? #CI:G:HI8DHI ME:8I:9G:IJGCDCEA6C6HH:IH ,:B:6HJG:B:CI<6>CADHH (:IE:G>D9>8E:CH>DC7:C:;>I8DHI 

.=:G:B:6HJG:B:CI<6>CHADHH:HG:8DG9:99JG>CB6G>AN9G>K:C 7N8=6C<:H>CI=:9>H8DJCIG6I:6HL:AA6H<6>CHDGADHH:HIDG:8DG9E:CH>DC6HH:IHID;6>GK6AJ:

.=: 9>H8DJCI G6I:H JH:9 ID 9:I:GB>C: 7:C:;>I D7A><6I>DCH 6H D; :8:B7:G 6C9 L:G: 6C9 G:HE:8I>K:AN .=:DBE6CNJI>A>O:9I=:*G> '*6C9,*'*BDGI6A>INI67A:HEJ7A>H=:97NI=:-D8>:IND; 8IJ6G>:HIDB:6HJG:I=:7:C:;>ID7A><6I>DCH6HD;:8:B7:G 6C9 G:HE:8I>K:AN

1:><=I:96K:G6<:6HHJBEI>DCHJH:9ID9:I:GB>C:C:IE:G>D9>87:C:;>I8DHIH8DCH>HI:9D;I=:;DAADL>C<

-2.?2;121202:/2? ME:8I:9ADC< I:GBG6I:D;G:IJGCDCEA6C6HH:IH >H8DJCIG6I: 

#C 9:K:ADE>C< I=: :ME:8I:9 ADC< I:GB G6I: D; G:IJGC DC EA6C 6HH:IH I=: DBE6CN 8DCH>9:G:9 I=: E:CH>DC EDGI;DA>DXH 8DBEDH>I>DC E6HI6K:G6<:G6I:D;:6GC>CDCI6G<:IH .=:L:><=I:96K:G6<::ME:8I:9 ADC< I:GBG6I:D;G:IJGCDCEA6C6HH:IH6C99>H8DJCIG6I:JH:9ID9:I:GB>C:C:IE:G>D9>8E:CH>DC7:C:;>I;DGI=:N:6G:C9:9 6G: :ME:8I:9 ID 7: 6C9 G:HE:8I>K:AN .=: DBE6CN9:I:GB>C:9 I=: 9>H8DJCI G6I:H JH:9 ID 9:I:GB>C: 7:C:;>I D7A><6I>DCH6C9C:IE:G>D9>8E:CH>DC7:C:;>I76H:9DCI=:N>:A9D;6A6G<:EDEJA6I>DCD;=><=FJ6A>IN8DGEDG6I:7DC9HL>I=86H= ;ADLHHJ;;>8>:CI>CI>B>C<6C96BDJCIIDH:IIA:EGD?:8I:9;JIJG:9:;>C:97:C:;>IE6NB:CIH

!/8=398!6+8==/>=

.=:6HH:IHD;I=:FJ6A>;>:9E:CH>DCEA6CH6G:=:A9>C6B6HI:GIGJHI>CL=>8=I=:FJ6A>;>:9E:CH>DCEA6CH6G:I=:DCANE6GI>8>E6I>C< EA6CHI=:V'6HI:G.GJHIW .=:>CK:HIB:CIEDA>8N;DGI=:FJ6A>;>:9E:CH>DCEA6CH>HIDB6C6<:I=:6HH:IHD;I=:'6HI:G.GJHI L>I=I=:D7?:8I>K:IDEGDK>9:;DGE:CH>DCA>67>A>I>:HID7:B:I B6>CI6>C>CG:B:CI>C8DB:H:8JG>IN;DGI=:E6GI>8>E6CIHD;I=: EA6CH 6C9 I=:>G 7:C:;>8>6G>:H .=: >CK:HIB:CI EDGI;DA>D >H 6 B>M D; EDDA:9 ;JC9H >CK:HI:9 >C ;>M:9 >C8DB: H:8JG>I>:H :FJ>IN H:8JG>I>:H6C98:GI6>C6AI:GC6I>K:>CK:HIB:CIHL>I=I=:D7?:8I>K:D;B6I8=>C67>A>INE:G;DGB6C8: 9>K:GH>;N>CH@6C9 68=>:K>C<6I6G<:I>CK:HIB:CIG:IJGC *:CH>DC6HH:IH6G:B6C6<:9>C676A6C8:9EDGI;DA>D8DBEG>H:9D;ILDB6?DG8DBEDC:CIH 6G:IJGC H::@>CDC6C96A>67>A>IN B6I8=>CDC

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

202:/2? 202:/2? 

(.?42A 0AB.9 (.?42A 0AB.9 99<0.A6<; 99<0.A6<; 99<0.A6<; 99<0.A6<; ,:IJGC H::@>CI>:H &>67>A>IN B6I8=>CI>:H )I=:G>CK:HIB:CIH U U 

.=:;DAADL>CCK:HIB:CI6HH:IHD;I=:FJ6A>;>:9E:CH>DCEA6CH7NA:K:AL>I=>CI=:;6>GK6AJ:=>:G6G8=N6HD; :8:B7:G 6C9

202:/2? 202:/2? .6? .6? *.9B2 2C29 2C29 *.9B2 2C29 2C29 6H= U U DBB>CCIN;JC9H6 U U DAA:8I>K:IGJHI;JC9H7 U U .DI6A>CK:HIB:CI6HH:IH 88GJ:9>CK:HIB:CI>C8DB:6C9DI=:GG:8:>K67A:H #CK:HIB:CIHB:6HJG:96IC:I6HH:IK6AJ:8 6>GK6AJ:D;EA6C6HH:IH

6 DBB>CC8AJ9:7DC9;JC9HL>I=8DGEDG6I:6C9/ - IG:6HJGN9:7IH:8JG>I>:H6C9:FJ>IN;JC9HL>I=IN >C9:M >C;G6HIGJ8IJG:6C9G:6A:HI6I:H:8JG>I>:HI=6I=6K:6G:69>AN9:I:GB>C67A:;6>GK6AJ:6C96G:K6AJ:9JH>C9:97NI=:69B>C>HIG6IDGD;I=:;JC9 .=:K6AJ:D;:68=;JC9>H76H:9DCI=:;6>GK6AJ:D;JC9:GAN>CI>:H>CI=: EDGI;DA>D L=>8=G:EG:H:CIHI=:6BDJCII=6II=:;JC9B><=IG:6HDC67AN:ME:8IIDG:8:>K:;DGI=:H:8JG>I>:HJEDC6H6A: A:HH A>67>A>I>:H 6C9 I=:C 9>K>9:9 7N I=: CJB7:G D; JC>IH DJIHI6C9>C< FJ>IN H:8JG>I>:H L>I=>C I=: ;JC9H 6G: K6AJ:9 JH>C< D7H:GK67A:>CEJIHDC:>I=:G696>ANDGL::@AN76H>H6C9I=:G:HJAI>CH;DG8JGG:CIG:9:BEI>DC K6AJ: :7I H:8JG>I>:H L>I=>C I=: ;JC9H 6G: K6AJ:9 76H:9 DC D7H:GK67A: EG>8:H ;GDB I=: C:L >HHJ: B6G@:I 7:C8=B6G@ FJDI:H H:8DC96GNIG69>C<6C99:6A:GFJDI:H 7 DAA:8I>K:IGJHI;JC9H8DCH>HID;H=DGI I:GB>CK:HIB:CIHIG6I:<>:H8DBEG>H:9D;>CHIGJB:CIH>HHJ:9DG;JAANIH6<:C8>:H6C9BJAI> HIG6I:8=6G:K6AJ:9JH>C9:97NI=: 69B>C>HIG6IDGD;I=:;JC9 .=:K6AJ:D;:68=;JC9>H76H:9DCI=:G:69>AN9:I:GB>C67A:;6>GK6AJ:D;I=:JC9:GAN>C<6HH:IH DLC:97NI=:;JC9 A:HHA>67>A>I>:H 6C9I=:C9>K>9:97NI=:CJB7:GD;JC>IHDJIHI6C9>C< 8 H6EG68I>86A:ME:9>:CI 8:GI6>C>CK:HIB:CI8A6HH:HL=>8==DA9H:8JG>I>:HI=6I6G:CDIG:69>AN6K6>A67A:;DGG:9:BEI>DC6C9 6G:B:6HJG:96I;6>GK6AJ:JH>CIH:FJ>K6A:CI=6K:CDI7::C8A6HH>;>:9>CI=:;6>G K6AJ:=>:G6G8=N

8@/=>7/8>=/+=? />==/>'+6?/:/<$2+3-+6B:/.3/8>

.=: ;DAADL>C< I67A: HJBB6G>O:H I=: >CK:HIB:CI 8A6HH:H ;DG L=>8= ;6>G K6AJ: >H B:6HJG:9 JH>C< I=: (0 E:G H=6G: DG >IH :FJ>K6A:CI EG68I>86A :ME:9>:CI 6H D; :8:B7:G 6C9 .=:H: >CK:HIB:CI 8A6HH:H 6G: CDI G:69>AN 6K6>A67A: ;DG G:9:BEI>DC .=:(0D;:68=;JC9>H76H:9DCI=:;6>GK6AJ:D;JC9:GAN>C<6HH:IH>CI=:EDGI;DA>D :GI6>C>CK:HIB:CIHG:EDGI

 &(&#!!)"(#"'" "')'&' "#('(##"'# ("" '((!"(' !& " 1<99.?@6;:6996<;@2E02=A@5.?26A JC;JC9:9 8DBB>IB:CIH L>I= G:HE:8I ID I=:H: >CK:HIB:CI 8A6HH:H

.6?*.9B2 202:/2? &212:=A6<;?2>B2;0F63 &212:=A6<; 0B??2;A9F29646/92 "K:;JC9H6 L::@AN BDCI=AN FJ6GI:GAN 96NH >M:9>C8DB:;JC9H7 96>AN BDCI=AN 96NH ,:6A:HI6I:;JC9H8 FJ6GI:GAN 96NH #CK:HIB:CIHB:6HJG:96I(0

6 .=:6AI:GC6I>K:;JC9>CK:HIB:CI8A6HH>C8AJ9:H;JC9HL>I=K6G>DJHH:8JG>I>:HH:A:8I:9IDEGDK>9:8DBEA>B:CI6GNHDJG8:HD; G:IJGCL>I=DJG:FJ>IN6C97DC9EDGI;DA>DHI=6I7:II:GB6C6<:G>H@ .=:DBE6CNXH6AI:GC6I>K:;JC9>CK:HIB:CIH>C8AJ9: =DA9>C8 :FJ>I>:H :M8=6C<: IG69:9 9:G>K6I>K:H 6C9 8DGEDG6I: 7DC9H 6BDC< DI=:GH EDGI>DC D; I=: 6AI:GC6I>K:;JC9H86CCDI7:G:9::B:9JCI>AI=:DC:N:6G6CC>K:GH6GND;I=:EJG8=6H:96I: 7 >M:9>C8DB:;JC9H>CK:HI>CG:H>9:CI>6A6C98DBB:G8>6ABDGI<6<:H 6HL:AA6HI>:H 8 ,:6A:HI6I:;JC9H6G:CDIEJ7A>8ANIG69:96C9>CK:HIEG>B6G>AN>CJCA>HI:99>G:8I8DG:G:6A:HI6I: >C8AJ9>CDC6A B6AAH H=DEE>C<8:CI:GH 6C98DBB:G8>6AG:6A:HI6I:: < :9J86I>DC =:6AI=86G:6C9HIDG6<:

!/8=398!6+898><3,?>398=

.=:DBE6CNB69:CD86H=8DCIG>7JI>DCHIDI=:FJ6A>;>:9E:CH>DCEA6CH9JG>CH8G:I>DC6GN 86H= 8DCIG>7JI>DCH ID I=: FJ6A>;>:9 E:CH>DC EA6CH >C I=: ;JIJG: -J8= 8DCIG>7JI>DCHL>AA7:9:E:C9:CIDC6K6G>:IND;;68IDGH >C8AJ9>C<8JGG:CI6C9:ME:8I:9>CI:G:HIG6I:H 6HH:IE:G;DGB6C8: I=: ;JC9:9 HI6IJH D; I=: FJ6A>;>:9 E:CH>DC EA6CH 6C9 B6C6<:B:CIXH ?J9;>:9 JC;JC9:9 E:CH>DC EA6C I=: DBE6CNL>AA8DCI>CJ:IDB6@:8DCIG>7JI>DCH9JG>C<IDI=::MI:CI7:C:;>IH6G:E6>9

:C:;>IE6NB:CIH;DGI=:E:CH>DCEA6CH6G::ME:8I:9ID7:B>AA>DC>C B>AA>DC>C B>AA>DC>C B>AA>DC>C B>AA>DC>C6C9B>AA>DC>CID

?6>3/7:69C/

.=: DBE6CN 8DCIG>7JI:H ID BJAI>:BEADN:G EA6CH JC9:G I=: I:GBHD; 8DAA:8I>K: 76G<6>C>C< 6IH JC>DC G:EG:H:CI:9 :BEADN::H -J8= BJAI>:BEADN:G EA6CH EGDK>9: B:9>86A E:CH>DC 6C9 G:I>G:B:CI H6K>CIH ID 68I>K: :BEADN::H6C9G:I>G::H .=:DBE6CNB69:8DCIG>7JI>DCHIDBJAI>:BEADN:GEA6CHD;B>AA>DC B>AA>DC6C9B>AA>DC;DG I=: N:6GH :C9:9 :8:B7:G 6C9 G:HE:8I>K:AN H D; :8:B7:G 6C9 DI=:G ADC< I:GB A>67>A>I>:H >C8AJ9:H 6EEGDM>B6I:AN B>AA>DC 6C9 B>AA>DC G:HE:8I>K:AN G:A6I:9 ID I=: DBE6CNH L>I=9G6L6A ;GDB 6 BJAI>:BEADN:GE:CH>DCEA6C

/038/.98><3,?>398/8/03>!6+8=

.=: DBE6CNXH :BEADN::H B6N E6GI>8>E6I: >C I=: =6GI:G DBBJC>86I>DCH #C8 @ -6K>C;N;DGE6GI>8>E6I>DC86C8DCIG>7JI:JEIDD;I=:>GH6A6GN DC6EG: I6M76H>H HJ7?:8IID6B6M>BJB 8DCIG>7JI>DCA>B>I6H9:I:GB>C:97NI=:#,- .=:DBE6CNXHB6I8=>C<8DCIG>7JI>DC>H9>H8G:I>DC6GN6C9>H:FJ6AIDD;I=: 6BDJCID;I=:H6A6GNG:9J8I>DCI=:E6GI>8>E6CI:A:8IHID9:;:GJEIDD;I=:E6GI>8>E6CIXH:A><>7A:8DBE:CH6I>DC :M8AJ9>C< 6CN86I8= JE8DCIG>7JI>DCH6C9>HE6>97NI=:DBE6CNDC6E:GE6NE:G>D976H>H .=:DBE6CNB69:8DCIG>7JI>DCHIDI=: @ EA6C IDI6A>CAA>DC B>AA>DC 6C9 B>AA>DC ;DG I=: N:6GH :C9:9 :8:B7:G 6C9 G:HE:8I>K:AN

DG:BEADN::HL=D6G:CDI:A><>7A:IDE6GI>8>E6I:>CI=:DBE6CNXHADC< I:GB>C8:CI>K:EA6C6C9L=D6G:CDI8DK:G:97N6 8DAA:8I>K:76G<6>C>C<67JI>DCIDI=:,:I>G:B:CI88JBJA6I>DC*A6C,* :FJ6AID D;:A><>7A:E6N .=:DBE6CNB69:8DCIG>7JI>DCHIDI=:,*IDI6A>CAA>DC B>AA>DC6C9B>AA>DC;DGI=: N:6GH:C9:9:8:B7:G 6C9 G:HE:8I>K:AN

 &(&#!!)"(#"'" "')'&' "#('(##"'# ("" '((!"(' !& " 1<99.?@6;:6996<;@2E02=A@5.?2

 &202;A9F@@B2100

00

$& 9 #/@/8?/0<9798><+->=A3>2?=>97/<=E$& F

/EDC69DEI>DCD;-/ I=:DBE6CNG:8DG9:968JBJA6I>K: :;;:8I69?JHIB:CIL=>8=>C8AJ9:96C>C8G:6H:IDIDI6A H=6G:=DA9:GHX:FJ>IND;B>AA>DC6HD;$6CJ6GN 

$& 9 8-97/%+B/=%9:3- 8><+8>3>C%<+8=0/<=90==/>= >2/<%2+88@/8>9

.=:DBE6CN>9:CI>;>:96B>AA>DC>C8G:6H:IDIDI6AH=6G:=DA9:GH:FJ>IN6C98DGG:HEDC9>C<>C8G:6H:ID9:;:GG:9I6M6HH:IH G:A6I:9IDI=:69DEI>DCD;-/ L=>8=L6HG:8DG9:99JG>C

$& 9 /+=/=E$& F

#C :7GJ6GN I=: ->HHJ:9-/ L=>8=G:FJ>G:HA:HH::HIDG:8DO:6ABDHI6AAA:6H:HDCI=:>G76A6C8:H=::I6H 6 A:6H: 6HH:I 6C9 6 A:6H: A>67>A>IN .=: DBE6CN 69DEI:9 -/ JH>C< I=: BD9>;>:9 G:IGDHE:8I>K: 6EEGD68= L>I= 6 8JBJA6I>K: :;;:8I 69?JHIB:CI G:8DG9:9 6I I=: 7:<>CC>C< D; I=: E:G>D9 D; 69DEI>DC $6CJ6GN .=: 69DEI>DC D; I=: HI6C96G99>9CDI=6K:6C>BE68IDCI=:DBE6CNXHH=6G:=DA9:GH:FJ>IN G:HJAIH;GDBDE:G6I>DCH6C986H=;ADLH

00

$& 9 8-97/%+B/=%9:3- $37:630C381>2/--9?8>38109<8-97/%+B/=E$& F

#C :8:B7:G I=: >C6C8>6A 88DJCI>C< -I6C96G9H D6G9 - >HHJ:9 88DJCI>C< -I6C96G9H /E96I: -/ L=>8=>H>CI:C9:9IDH>BEA>;NK6G>DJH6HE:8IHG:A6I:9ID688DJCI>C<;DG>C8DB:I6M:H -/ G:BDK:H8:GI6>C :M8:EI>DCH ID I=: <:C:G6A EG>C8>EA:H >C .DE>8 6C9 6AHD 8A6G>;>:H 6C9 6B:C9H :M>HI>C< 96C8: ID >BEGDK: 8DCH>HI:CI 6EEA>86I>DC -/ L>AA7::;;:8I>K:;DG>CI:G>B6C96CCJ6AE:G>D9H7:<>CC>C<6;I:G:8:B7:G 6GAN69DEI>DC >HE:GB>II:9 .=:DBE6CN:A:8I:9ID:6GAN69DEI-/ DC$6CJ6GN .=:69DEI>DCD;-/ 9>9CDI =6K:6B6I:G>6A>BE68IDCI=:DBE6CNH8DCHDA>96I:9;>C6C8>6AHI6I:B:CIH

7/8.7/8>= >9 >2/ 038+8-3+6 .3=-69=?= 09< 1?+<+8>9<= +8. 3==?/<= 90 1?+<+8>//. =/-?<3>3/= ?8./< $ #/1?6+>398$)

#C'6G8= I=:- 69DEI:96B:C9B:CIHIDI=:;>C6C8>6A9>H8ADHJG:G:FJ>G:B:CIHD;,:DC- 2;DGHHJ:GHD;I>:H .=:;>C6AGJA:HIG:6BA>C:H9>H8ADHJG:D7A><6I>DCHJC9:GI=::M>HI>CC8AJ9>CC< 8DC9:CH:98DCHDA>96I>C<;>C6C8>6A>C;DGB6I>DCL>I=HJBB6G>O:9;>C6C8>6A>C;DGB6I>DC;DGI=:D7A>HHJ:GH6C9 6A CD ADC<:G G:FJ>G>C< HJ7H>9>6GN >HHJ:G 6C9 C;DGB6I>DC 6C9 CD ADC<:G G:FJ>G>C<;>C6C8>6A>C;DGB6I>DC;DGCDC 9>6G>:H #I6AHDE:GB>IHEG:H:CI6I>DCD;I=:G:FJ>G:99>H8ADHJG:HID7: >C8AJ9:9>CI=:'6C6<:B:CIH>H8JHH>DC6C9C6ANH>H'H:8I>DCD;FJ6GI:GAN6C96CCJ6AG:EDGIHG6I=:GI=6CI=:CDI:H IDI=:DBE6CNH8DCHDA>96I:9;>C6C8>6AHI6I:B:CIH .=:DBE6CNKDAJCI6G>AN8DBEA>:9L>I=I=:C:L9>H8ADHJG:G:FJ>G:B:CIH 7:<>CC>CI=>IH+J6GI:GAN,:EDGIDC DGB +;DGI=:FJ6GI:G:C9:9-:EI:B7:G 6C98DC8AJ9:9I=6I6B:C9:9,JA: 6C9C:L,JA: D;,:DC- 29>9CDI6EEANID=6GI:G7:86JH:=6GI:G9D:HCDII>:HD; )"DA9>CIHHJ7H>9>6G>:H

00

$& 9 --9?8>38109<98@/<>3,6/8=>=+8.98><+->=38+88>3>C= A8;?3>CE$& F

#CJHHJ:9-/ L=>8=G:9J8:HI=:CJB7:GD;688DJCI>C7A:>CHIGJB:CIH 6B:C9H 9>AJI:9 :6GC>CDCH ;DG 8DCK:GI>7A: >CHIGJB:CIH 6C9 6AADLH BDG: 8DCIG68IH ID FJ6A>;N ;DG :FJ>IN 8A6HH>;>86I>DC -/ L>AA 7: :;;:8I>K: ;DG >CI:G>B 6C9 6CCJ6A E:G>D9H 7:<>CC>C< 6;I:G :8:B7:G 6GAN

&(&#!!)"(#"'" "')'&' "#('(##"'# ("" '((!"(' !& " 1<99.?@6;:6996<;@2E02=A@5.?2DC>HE:GB>II:9 .=:DBE6CN:A:8I:9ID:6GAN69DEI-/ DC$6CJ6GN .=:69DEI>DCD;-/ 9>9CDI=6K:6B6I:G>6A>BE68IDCI=:DBE6CNH8DCHDA>96I:9;>C6C8>6AHI6I:B:CIH

 );.B16A21%B.?A2?9F6;.;06.9.A.

.=:;DAADL>CD9HEG:H:CI:9>CI=:8DCHDA>96I:9HI6I:B:CID;DE:G6I>DCH

-2.?;121202:/2? 6?@A '20<;1 (56?1 DCH (:I>C8DB:6IIG>7JI67A:ID=6GI:GH=6G:=DA9:GH 

6GC>C7JI67A:ID=6GI:G H=6G:=DA9:GH 6H>8 >AJI:9 

1:><=I:96K:G6<:8DBBDCH=6G:DJIHI6C9>C< 6H>8 >AJI:9 

-2.?;121202:/2? 6?@A '20<;1 (56?1 DCH (:I>C8DB:6IIG>7JI67A:ID=6GI:GH=6G:=DA9:GH 

6GC>C7JI67A:ID=6GI:G H=6G:=DA9:GH 6H>8 >AJI:9 

1:><=I:96K:G6<:8DBBDCH=6G:DJIHI6C9>C< 6H>8 >AJI:9 

 &(&#!!)"(#"'" "')'&' "#('(##"'# ("" '((!"(' !& " 1<99.?@6;:6996<;@2E02=A@5.?2

HI=:G:HJAID;A>B>I6I>DCHDC 6C9EGD=>7>I>DCHD; 9>HIG>7JI>DCH HJ7HI6CI>6AAN6AAD;I=:C:I6HH:IHD;I=:8DCHDA>96I:9HJ7H>9>6G>:H 6G: G:HIG>8I:9 ;GDB 9>HIG>7JI>DC ID =6GI:G I=: E6G:CI 8DBE6CN .=: ;DAADL>C< 8DC9:CH:9 E6G:CI DCAN ;>C6C8>6A HI6I:B:CIH D; =6GI:G688DJCI;DGI=:>CK:HIB:CI>C=6GI:G"DA98DJC9:GI=::FJ>INB:I=D9D;688DJCI>C< .=:;>C6C8>6AHI6I:B:CIHH=DJA97: G:69>C8DC?JC8I>DCL>I=I=:8DCHDA>96I:9;>C6C8>6AHI6I:B:CIHD;I=:DBE6CN6C9CDI:HI=:G:ID

5.?A2?<::B;60.A6<;@;0 $.?2;A<:=.;F#;9F <;12;@21.9.;02'522A@

202:/2? -- .- 88DJCIHG:8:>K67A: C:I ,:8:>K67A:H;GDBG:A6I:9E6GIN *G:E6>9:ME:CH:H6C9DI=:G8JGG:CI6HH:IH #CK:HIB:CI>CHJ7H>9>6G>:H &D6CHG:8:>K67A: G:A6I:9E6GIN )I=:GCDC8JGG:CI6HH:IH .DI6A6HH:IH

&##&#.# -(-", ")& ,- +/#.3 JGG:CIA>67>A>I>:H :;:GG:9>C8DB:I6M:H )I=:GADC< I:GBA>67>A>I>:H -=6G:=DA9:GH:FJ>IN .DI6AA>67>A>I>:H6C9H=6G:=DA9:GH:FJ>IN

5.?A2?<::B;60.A6<;@;0 $.?2;A<:=.;F#;9F <;12;@21'A.A2:2;A@<3#=2?.A6<;@

-2.?;121202:/2? #()' ,:K:CJ:H #CI:G:HI>C8DB: FJ>IN>C>C8DB:D;HJ7H>9>6G>:H .DI6A>C8DB: 

2* (- - )E:G6I>C<8DHIH6C9:ME:CH:H 

#C8DB:7:;DG:>C8DB:I6M:H #C8DB:I6M:ME:CH: (:I>C8DB: 

 &(&#!!)"(#"'" "')'&' "#('(##"'# ("" '((!"(' !& " 1<99.?@6;:6996<;@2E02=A@5.?2

5.?A2?<::B;60.A6<;@;0 $.?2;A<:=.;F#;9F <;12;@21'A.A2:2;A@<3<:=?252;@6C2;0<:2

-2.?;121202:/2? (:I>C8DB: DG:>DC69?JHIB:CI U DBEG:=:CH>K:>C8DB: 

5.?A2?<::B;60.A6<;@;0 $.?2;A<:=.;F#;9F <;12;@21'A.A2:2;A@<3.@59

-2.?;121202:/2? ( .-" &)1- ,)')* ,.#(!.#0#.# - 

-" &)1- ,)'#(0 -.#(!.#0#.# - DCIG>7JI>DCIDHJ7H>9>6G>:H >HIG>7JI>DCH;GDBHJ7H>9>6G>:H (:I86H=;ADLH;GDB>CK:HI>C<68I>K>I>:H 

-" &)1- ,)' #((#(!.#0#.# - *GD8::9H;GDB:M:G8>H:D;HID8@DEI>DCH #HHJ6C8:D;:FJ>IN U U *JG8=6H:D;IG:6HJGNHID8@ ,:E6NB:CIHD;AD6CHE6N67A: G:A6I:9E6GI>:H U (:I86H=;ADLH;GDB;>C6C8>C<68I>K>I>:H

( .#(, - #(-"(-" +/#0& (.- U U U -"(-" +/#0& (.- 7:<>CC>CD9 U U U -"(-" +/#0& (.- :C9D;E:G>D9 U U U

 Use of Non-GAAP Financial Measures

We use certain measures that are not defined by U.S. Free cash flow is defined as net cash flows from generally accepted accounting principles (“GAAP”) to operating activities, less capital expenditures and evaluate various aspects of our business. Adjusted changes in accrued expenses related to capital EBITDA and free cash flow are non-GAAP financial expenditures. measures and should be considered in addition to, not Management and Charter’s board of directors use as a substitute for, net income attributable to Charter Adjusted EBITDA and free cash flow to assess our shareholders and net cash flows from operating performance and our ability to service our debt, fund activities reported in accordance with GAAP. These operations and make additional investments with terms, as defined by us, may not be comparable to internally generated funds. In addition, Adjusted similarly titled measures used by other companies. EBITDA generally correlates to the leverage Adjusted EBITDA and free cash flow are reconciled to ratio calculation under our credit facilities or net income attributable to Charter shareholders and outstanding notes to determine compliance with the net cash flows from operating activities, respectively, covenants contained in the facilities and notes (all such in this annual report. documents have been previously filed with the SEC). Adjusted EBITDA is defined as net income attributable For the purpose of calculating compliance with to Charter shareholders plus net income attributable leverage covenants, we use Adjusted EBITDA, as to noncontrolling interest, net interest expense, presented, excluding certain expenses paid by our income taxes, depreciation and amortization, stock operating subsidiaries to other Charter entities. compensation expense, loss on extinguishment of Our debt covenants refer to these expenses as debt, (gain) loss on financial instruments, net, other management fees, which were $1.3 billion, $1.2 billion pension (benefits) costs, net, other (income) expense, and $1.1 billion for the years ended December 31, 2020, net and other operating (income) expenses, net, such 2019 and 2018, respectively. as special charges and (gain) loss on sale or retirement Customer relationships include the number of of assets. As such, it eliminates the significant non- customers that receive one or more levels of service, cash depreciation and amortization expense that encompassing Internet, video and voice services, results from the capital-intensive nature of our without regard to which service(s) such customers businesses as well as other non-cash or special items, receive. Customers who reside in residential multiple and is unaffected by our capital structure or dwelling units (“MDUs”) and that are billed under bulk investment activities. However, this measure is limited contracts are counted based on the number of billed in that it does not reflect the periodic costs of certain units within each bulk MDU. Total customer capitalized tangible and intangible assets used in relationships exclude enterprise and mobile-only generating revenues and the cash cost of financing. customer relationships. These costs are evaluated through other financial measures.

F-49 F-50 Unaudited Reconciliation of Non-GAAP Measures to GAAP Measures (dollars in millions)

For the year ended December 31 2020 2019 2018 Net income attributable to Charter shareholders $ 3,222 $ 1,668 $ 1,230 Plus: Net income attributable to noncontrolling interest 454 324 276 Interest expense, net 3,848 3,797 3,540 Income tax expense 626 439 180 Depreciation and amortization 9,704 9,926 10,318 Stock compensation expense 351 315 285 Lossn o extinguishment of debt 143 25 — Lossn o financial instruments, net 15 54 110 Other pension (benefits) costs, net 66 69 (192) Other, net 89 238 312 Adjusted EBITDA $18,518 $16,855 $16,059 Net cash flows from operating activities $14,562 $11,748 $11,767 Less: Purchases of property, plant and equipment (7,415) (7,195) (9,125) Changen i accrued expenses related to capital expenditures (77) 55 (470) Free cash flow $ 7,070 $ 4,608 $ 2,172

F-49 F-50 Shareholder Information

Common Stock Information Transfer Agent and Registrar Charter Communications, Inc. Class A common stock Questions related to stock transfers, lost certificates is traded on the NASDAQ Global Select Market under or account changes should be directed to: the symbol CHTR. Charter has not paid stock or cash Computershare dividends on any of its common stock. P.O. Box 505000 Louisville, KY 40233-5000 Market Information 866.245.6077 2020 High Low www.computershare.com/investor First quarter $542.46 $371.70 Second quarter $547.30 $424.03 Independent Registered Public Accounting Firm Third quarter $633.05 $517.69 KPMG LLP Fourth quarter $680.76 $572.58 Trademarks Annual Meeting of Stockholders Trademark terms that belong to Charter and its April 27, 2021, 10:30 a.m. (Eastern Daylight Time) affiliates are marked by ® or TM at their first use in this www.virtualshareholdermeeting.com/CHTR2021 report. The ® symbol indicates that the trademark is Note: To be admitted to the Annual Meeting, registered in the U.S. Patent and Trademark Office. you must enter the control number found on your The TM symbol indicates that the mark is being used as proxy card, voting instruction form or notice you a common law trademark, and applications for previously received. registration of common law trademarks may have been filed. Form 10-K Additional copies of the Form 10-K, filed annually with the Securities and Exchange Commission (SEC), are available without charge (without exhibits) by accessing our website at Charter.com or by contacting Investor Relations.

Headquarters Charter Communications, Inc. 400 Atlantic Street Stamford, CT 06901 Charter.com

Investor Relations Charter’s corporate website contains an Investors section that offers financial information, including stock data, press releases, access to quarterly conference calls and SEC filings. You may request a shareholder kit, including the recent financial information, through the site. You may subscribe to e-mail alerts for all press releases and SEC filings through the site as well. The site also offers information on Charter’s vision, products and services, and leadership team.

Shareholder requests may be directed to Investor Relations via email at [email protected]. Annual Report Design by Curran & Connors, Inc. / www.curran-connors.com Chief Financial Officer Winfrey L. Christopher Operations Network President, Vice Executive Magesh Srinivasan Solutions Community Spectrum President, Vice Executive RayAdam Planning Business President, Vice Executive Nuzzo James Acquisition Programming President, Vice Executive Tom Montemagno Officer Technology Chief President, Vice Executive Stephanie Mitchko-Beale Resources Human President, Vice Executive Marchand Paul Reach Spectrum President President, Vice Executive David Kline and Controller Officer Accounting Chief President, Vice Executive Kevin Howard Officer Marketing Chief President, Vice Executive Hargis Jonathan Operations Customer President, Vice Executive Hagan Cliff Development and Finance Corporate President, Vice Executive Charles Fisher Finance President, Vice Executive Jessica Fischer President Vice Executive Senior Ellen G. David Corporate Secretary and Counsel General President, Vice Executive Dykhouse R. Richard Chief and Technology Product Officer Rich DiGeronimo Executive Vice President, Government Affairs Bohigian Catherine C. Networks Spectrum President, Vice Executive Mike Bair Enterprise Spectrum President President, Vice Executive Archer Bill Operations Field President, Vice Executive Thomas Adams E. Officer Operating Chief and President John Bickham Officer Executive Chief and Chairman RutledgeThomas M. Leadership Board ofDirectors Leadership and

Millicom International Cellular S.A. Cellular International Millicom of Director Executive and Officer Executive Chief Ramos Mauricio AdvanceCo-President, Newhouse A. Michael Ltd. America Latin Liberty of Officer Executive Chief and President Balan Nair andPartnership Senior Executive Officer, Advance Advance/Newhouse Officer, Executive Chief Miron Steve A. Holdings Inc. XM Sirius Officer, Executive Chief Former Meyer E. James Private investor Consultant and Merritt David C. Managing Director of Bear Creek Capital D. Jr. Markley, John Inc. TripAdviser Holdings, Liberty and Corporation Media Broadband Corporation, Liberty Liberty of Director and President Officer, Executive Chief Maffei B. Gregory L.L.P. &Gellman, Kaller Warren, Newman, Hoberman, Richman, Rush, Founding of Partner Hansen, Jacobson, Teller, Jacobson A. Craig Inc. Fiserv, Solutions, Risk and of Payments Head Goodman C. Kim Former President, Vulcan Capital Conn W. Lance Founder of Searchlight L.P. Capital Partners, Lead Director Independent Zinterhofer L. Eric Officer Executive Chief and Chairman RutledgeThomas M. of Directors Board

CHARTER COMMUNICATIONS, INC. 2020 ANNUAL REPORT

©2021 Charter Communications. All rights reserved. All trademarks remain the property of their respective owners. Charter Communications, Inc. Communications, Charter 400 Atlantic Street Stamford, Connecticut 06901 Connecticut Stamford, Spectrum.com