Professional Documents
Culture Documents
Men's Health South Africa - 15 Min Workouts 2016
Men's Health South Africa - 15 Min Workouts 2016
*$ $* !*(
*)! *% **((
, ,
:#@-E# -:#@4:
:@ -:#@4:
#2-4: #;-)2#:
#;-)2#:
20#;; 6:#E-4C;0H ):##" -2 F:-@-2) CH; 00 :-)*@; @4 00 42@:-C@-42; F*#@*#: -1)# 4: @#G@9
2":#F #&&#:22
-00 F4:;/
-*#0 ;@#: #2 C:#2I
"
2+4C;# *4@4):6*#:
J55 B5< A53< > J$A A3' A((B
J55 B5< AJ'5 > J<$ A5$ $5AB
C;-2#;;
2)#: C@#2)
JB5 ((A 3(<' > J$A ((A $5J<
C0-;*-2)
2)#: JB5 (J$ 5BB$
C;-2#;;
2)#:
JA5 '== B((B > J$A =A' JBJ'
:/#@-2) E#2@; 4+4:"-2@4:
JB5 (J$ 5B(B > J<3 (A( A(AA
J55 ABB J<33 > J<= B=A 355(
J55 B5< AJ'( > J<= $<$ 35'J
-)-@0 :4.#@
2)#:
JB5 (J$ A'AJ
JB5 ((A 3(<' > J$B =5A $(3$
JB5 (J$ A3=J > J$B 3J3 3=3=
JB5 (J$ AJ<$ > J<= 5'B (=J'
E ,
% ! %" $ %$$ ! '! $ $ ! )
$$ "
$ % & $ $$ $ $ $"" $ "
"$ !"%$" %$ )% $ $ !$ )" $ $ ) %"$
$ "!$"" $
!"! "'" $$ )% $ $ )
)% '$ ) (! " " $$ " %$" ! )
$ " '! $" ) % " $ " % %$
'!%$" $$ % %"
"$ $ "$!$ &!) )%!
) $ $
%" ' ' $ !$ $$ $ "$ %$ &!)
%$ )%! )
' & % % ")
"$) $'" $
%$!$%"
%" %$ "
!
$"
')" $ !&$ %!) ' $ )%! $ !$!$
%$ ' $" $" (! " !%$" $ ! $
$ ' $
! )% " ! " )%! " %
)%! '"$
% $ & $ $ '"$
" $%! $ $ "$!$ $)
"
#*'
# (
#*'
$(, (.,
!'#
2 $(, $( $.,)
!! $( $( $.
#*' %
(&! (,
!'# )
" ,$ .(#
#*' $
0$$/ $((
!'# (
),( $.( ,#))
#*'
#),( ((
!'#
.! .)! !! 2
$#
#*'
,#& $( $.,
#*'
#!."!!
$2 !),(
#*' )
,(.(#(
#*'
(, $/(
#*' )
,$!)" 1")(
#*' (
$(.# (/(
!'# $
%#., .)! !)
#*'
-*4(
/#
#*'
(" #
#($.) $( $.,
( ),
.#
##(
#*' %
& $(,.,
#*' $
), $.#(
#*'
,,
#*'
.# $0( !#
#*' (
$2, $((
+# *, !!) ),#
'#!# #
.(#3
00 $0 (*/ :") $5 *(0 5* ;/$0$)! */ $5)00 05/)!5" ) "'5"
'
%
' !
!!
!!
) M6$H=::8 :) :P/0 HUGP= S366 $H$ U:PG :6"
HU7=M:7H! S$66 MS: S366 S:G5 $R$8 )HM$GA 0MFH $MM$G
M0$8 0$$H$PG/$GC ":P6$ 0$$H$PG/$G S3M0 $TMG
:8A 8" H: 3M H$$7H ):G $T$G3H$ H S$66A ) .- 738PM$H 38
M0$ /U7 S366 MG37 M0M $66U! M0$8 MS: 0:PGH 7PHM MG8H):G7
PH 38M:! S$66! !# % :R$G 7:"$6HA
. +#
$! !
! !
4P853$H 8$TM M37$ U:PFG$ M M0$ /U7A
:P 58:S! M0$ :8$H S0: G$ H6://38/
$8"6$HH 736$H :8 M0$ MG$"7366 :G
$663=M36 MG38$GA ) U:P SM0 M0$7
:R$G M37$! U:PF66 8:M3$ H:7$M038/
HMGM638/ M0$3G :"3$H ":8FM 08/$A
M 66A :M :8$ 3:MA
:HM :) M0$7 G$
4PHM H H:)M S0$8 M0$U HM$= :)) M0$
MG$"7366 ):G M0$ ; WWWM0 M37$ H M0$U
S$G$ S0$8 M0$U )3GHM 0:==$" :G"A
0MFH $PH$ M0$UFG$ HMP5 38 M0$
:6" M038538/ M0M 3) U:P ": 0:PGH
8" 0:PGH :) G"3:! U:PF66 PG8 536:H
8" 536:H :) )MA G:8/A PMM38/1$"/$
H3$8$ 66 =:38MH 38 M0$ :==:H3M$
"3G$M3:8 3) U:P S8M M: H:G0
6:G3$H! PG8 )M 8" /$M )HM$G
8" HMG:8/$G ' /: 0G"$G! 8:M 6:8/$GA
8 )M! $T$G3H$ H3$8M3HMH 8:S HU
U:P 8 H0$" )M! )3G7 )6U H=:MH!
::HM U:PG 0$GM 0$6M0! 8" )$8"
:)) 0:HM :) 366H! :M0 7$8M6 8"
=0UH36! 8:M U ":38/ 7:G$! PM
U ":38/ 6$HHA :P 8 ": M03H 38
H 63MM6$ H ;- 738PM$H 3) U:P ":
M0$ G3/0M =G:/G77$A 6PH! U ":38/
;-1738PM$ S:G5:PMH! U:PF66 6H:
G$= M0$H$ /G$M $8$)3MHA
) , ') .*$
G$73$G HMG$8/M01MG3838/ G$H$G0$G
U8$ $HM:MM! 38HMGPM:G 38 M0$
$T$G3H$ H3$8$ "$=GM7$8M M
P38U :66$/$ 38
HH0PH$MMH!
:8)3G7H M0M S0$8 U:P 0::H$
U:PG $T$G3H$H S3H$6U! 08")P6 :)
7:R$H ' 4PHM ):PG 38 H:7$ H$H ' 3H
66 U:P 8$$" M: 08/$ U:PG :"U
:7=:H3M3:8A DRU G$H$G0 H0:SH
U:P 8 /$M MG$7$8":PH :R$G66
37=G:R$7$8M ' 6:H38/ O5/ :) )M 8"
""38/ ;5/ :) 7PH6$ 38 % S$$5H ' U
":38/ 4PHM ):PG $T$G3H$H M0M S:G5
$R$GU 74:G 7PH6$!E 0$ HUHA 0$
):PG 5$U 7:R$H HBPM! 0$HM =G$HH!
G:S 8" PG6! ":8$ )$S M37$H
$0A 0M ""H P= M: ;- 738PM$H M:
03$R$ M:M61:"U MG8H):G7M3:8A
#
.)& ') $')"*
8 HMP"U )G:7 :PM0$G8 6638:3H
83R$GH3MU! G$H$G0$GH "3H:R$G$"
M0M S0$8 R:6P8M$$GH "3" 4PHM :8$ H$M
:) 838$ $T$G3H$H! :G :PM ;; 738PM$H
. +#
"
,2 '.&
86$HH U:P ": H:7$M038/ M: HM:=
3M! U:PG :"U 6:H$H 7PH6$ H U:P
7:R$ M0G:P/0 "P6M0::"! HUH
38 073"M1
P6MU! )3M8$HH
$8MG$ $T$G3H$ H=$363HM M PG"P$
83R$GH3MU 6P7$M 3M8$HH $8M$GA
0$8 U:P :8H3"$G M0M 7PH6$ 3H
U:PG :"UFH 3//$HM 6:G3$ PG8$G '
PG838/ )3R$ M37$H H 78U 6:G3$H
=$G 536: H )M ' 3MFH 635$ DM538/ U:PG
)::M :)) M0$ =$"6 :) U:PG 7$M:63H7
G3/0M H U:P $8M$G "P6M0::"!E
$T=638H 073"M1
P6MUA 0M 8
6$" M: /38 :) ; M: O 536:H =$G U$GA
:G$ 8" 7:G$ G$H$G0 3H =:38M38/
M: 0:S 37=:GM8M HMG$8/M0 MG3838/
3H ):G 73""6$1/$ 8" :6"$G 7$8A
HMP"U 38 M0$ ' &"
''# )() "& '.) $',*
8$ 5/ :) )M M5$H P= ;W@ 7:G$
H=$ :8 U:PG :"U M08 ; 536: :)
7PH6$A MG$8/M0 MG3838/ ):G ;738PM$H "U 3H 66 3M M5$H M: 5$$=
U:PG U:PM0)P6 7PH6$ ):G 63)$A
% . 2
A
$( ,,)
PHMG638 G$H$G0$GH G$=:GM$"
M0M $T$G3H$GH S0: "3" M:M61:"U
HMG$8/M0 MG3838/ ):G % S$$5H $84:U$"
ON@ 37=G:R$7$8M 38 M0$3G H6$$=
BP63MUA R$8 $MM$G! M0$U S$G$ 6$
M: )66 H6$$= )HM$G 8" H6$$= 6:8/$G
M08 M0$U 0" $):G$ M0$U HMGM$"
$T$G3H38/A 0MFH 37=:GM8M $PH$
=::G H6$$= SG$5H U:PG S3HM638$A 8
)M! M8):G" 83R$GH3MU H3$8M3HMH
0R$ ):P8" M0M :"U S$3/0M G3H$H
=G:=:GM3:8M$6U H 0:PGH :) H6$$=
"G:= $6:S J< 83/0M! 635$6U $PH$
H6$$= "$=G3RM3:8 MG3//$GH M0$ G$6$H$
:) M0$ 0P8/$G 0:G7:8$ /0G$638 8"
M0$ )M HM:G/$ 0:G7:8$ :GM3H:6A
,)&,& '.) '&*
$H3HM8$ MG3838/ 3H H$:8" M:
8:8$ ):G P36"38/ :8$HA 0:P/0
7$8 ":8FM 6:H$ :8$ M M0$ GM$
S:7$8 ":! M0$UFG$ 8:M 377P8$ M:
M0$ $))$MH :) :HM$:=:G:H3H 38 M0$3G
:6" /$A 0MFH S0U U:P 8$$" M: 75$
66 M0$ "$=:H3MH M: M0$ :8$ 85 U:P
8 S036$ U:P 8A HMP"U :) ;O.
7$8 8" S:7$8 =P63H0$" 38 M0$
4:PG86 #% "## G$=:GM$" M0M
03/0138M$8H3MU $T$G3H$ >635$ M0$
538" U:PF66 /$M )G:7 M0$ HP=$G)HM
S:G5:PMH 38 M03H /P3"$? 38G$H$"
:8$ "$8H3MU 38 03/01G3H5 H=:MH 635$
M0$ H=38$! 03=H! 8" 6$/H 38 4PHM .W
S$$5HA U :8MGHM! M0:H$ ":38/ 6:S1
38M$8H3MU $T$G3H$ MP66U 6:HM :8$
738$G6 "$8H3MU :R$G M0$ H7$ M37$A
') $1"$
6$T3363MU 3H M0$ )3GHM M038/ M: /:!
$PH$ U:PG 7PH6$H H0:GM$8 :R$G
M37$A $)M P80$5$"! U:P 8 6:H$
8$G6U -W@ :) U:PG )6$T3363MU "PG38/
"P6M0::"! S030 7$8H SR38/
6:8/1"3HM8$ /::"U$ M: U:PG
M:$H&)G:7 U:PG 58$$HA H38/ M0:H$
7PH6$H M0G:P/0 )P66 G8/$ :)
7:M3:8! 635$ U:P S366 S3M0 M0$H$
;-1738PM$ S:G5:PMH! S366 5$$=
66 :) U:PG 637H 637$GA 8 HMP"U
=P63H0$" 38 M0$ %"%
&" "%# ! H3$8M3HMH
G$=:GM$" M0M 7$8 ":38/ 4PHM M0G$$
)P661:"U S:G5:PMH S$$5 ):G ;K
S$$5H 38G$H$" M0$ G8/$ :) 7:M3:8
38 M0$3G 03=H 8" H0:P6"$GH 8" 6H:
37=G:R$" M0$3G H3M 8" G$0 M$HM
H:G$H U ;;@A :PF66 )38" H=$3)3
HMG$M038/ 8" HMG$8/M0$838/
S:G5:PMH 38 M03H ::5 ):G $R$8
/G$M$G )6$T36$ $8$)3MHA
)/&, ), ,,#*
$/P6G G$H3HM8$ MG3838/
HMG$8/M0$8H U:PG 7:HM 37=:GM8M
7PH6$ ' M0$ 0$GM ' 8" 37=G:R$H
M0$ 0$6M0 :) U:PG G"3:RHP6G
HUHM$7A 8 HMP"U =P63H0$" 38
M0$ &" )#)!
H3$8M3HMH G$=:GM$" M0M R:6P8M$$GH
S0: HMG$8/M0 MG38$" 4PHM N "UH
S$$5 ):G % S$$5H 6:S$G$" M0$3G
HUHM:63 6::" =G$HHPG$ >M0$ M:=
8P7$G? U 8 R$G/$ :) 9 =:38MH
8" M0$3G "3HM:63 6::" =G$HHPG$
>M0$ :MM:7 8P7$G? U 8 R$G/$
:) % =:38MHA 0MFH $8:P/0 M:
G$"P$ U:PG G3H5 :) HMG:5$ U .W@
8" G38/ ":S8 U:PG G3H5 :) 0$GM
MM5 U ;-@A
!
A
(
,)** ., **
PGR3R6 :) M0$ )3MM$HM 3H $H=$366U
MGP$ S0$8 3M :7$H M: 08"638/
HMG$HHA 3$8M3HMH M
83R$GH3MU
"3H:R$G$" M0M M0$ )3MM$HM =$:=6$
0R$ 6:S$G 6$R$6H :) HMG$HH 0:G7:8$H
M08 M0$3G 6$HH1M3R$ :P8M$G=GMHA
$HH HMG$HH 7$8H M0M U:PF66 8:M :86U
)$$6 $MM$G! U:PF66 6H: 6::5 $MM$G!
H38$ M0$ 0:G7:8$ :GM3H:6 3H
:8MG3PM:G M: $T$HH $66U )MA
((")
$H$G0$GH )G:7 M0$ 83R$GH3MU :)
U"8$U G$=:GM$" M0M =$:=6$ S0:
63)M$" S$3/0MH :8 G$/P6G H3H S$G$
)G 6$HH 635$6U M: HP))$G HU7=M:7H :)
74:G "$=G$HH3:8A 0:GM :PMH :)
G"3: 7U $ $BP66U =:S$G)P6A
#
"&# *,)
8"38 G$H$G0$GH ):P8" M0M
)M$G U$G :) :8$1S$$56U HMG$8/M0
MG3838/! G38 =:S$G 7:8/
R:6P8M$$GH 38G$H$" U 8$G6U
;N@A M0$G G$H$G0 0H G$=:GM$"
M0M HMG$8/M0 MG3838/ 8 0$6= M:
' ! '$
$' $'
8" S3M0 66 :) M0$ M038/H U:PFR$ /:M =5$" 38M:
$0 "U! H:7$M37$H 3MFH 0G" M: HBP$$V$ 38 $R$8 M0$
H0:GM$HM :) S:G5:PMHA PM M0M 66 08/$H 8:SA 7=6$7$8M
$R$8 )$S :) M0$H$ ;N 63)$HMU6$ MS$5H 8" U:PF66 H::8 +8"
M0M U:P 0R$ 7:G$ M37$ ):G S0M$R$G U:P S8M M: ":A
. +#
%!
'
7
:PH :8 H:7$M038/
):G O- 738PM$H S3M0:PM
38M$GGP=M3:8! M0$8 M5$
)3R$1738PM$ G$M0$G
$):G$ "3R38/ 5 38A M
H:P8"H :P8M$G38MP3M3R$!
PM =PH$ 8 MP66U
0$6= U:P 7:R$ )HM$GA
538/ G$5H 37=G:R$H
7$8M6 /363MU 8" ::HMH
U:PG :PM=PM! HUH
=G:"PM3R3MU $T=$GM
G8$H: 3G366:A
: H0:GM$8 U:PG
:77PM$ M37$ U
;W@! R:3" M37$1
:8HP738/ G3/0M1
08" MPG8H :8 PHU
MS:1SU HMG$$MH U
M538/ 6$)M MPG8H 38HM$"A
D
38373H38/ G3/0M108"
MPG8H G$"P$H M37$
H=$8M 3"638/ M HM:=63/0MHA
:38/ M03H H0R$" O9
73663:8 736$H :))
G:PM$H 6HM U$G!E HUH
H=:5$H=$GH:8
8
538A
$):G$ U:P /: M: $"!
73T P= M03H $8$G/3H38/
H7::M03$ )G:7 0$GU6
:G$G/! PM0:G :) '"
"#% ):G M:7:GG:SFH
G$5)HM1M:1/:A 6$8"
:8$ P= :) =638 6:S1
)M U:/PGM S3M0 06)
P= $0 :) )G:V$8
6P$$GG3$H 8"
65$GG3$H! 06)
M$H=::8 :) R8366
$TMGM! 8" =380 :)
/G:P8" 6:R$HA
5$
$TMG 8" )G$$V$ 3M 38
38"3R3"P6 =:GM3:8H
):G M0$ G$HM :) M0$ S$$5A
0 83/0M! 7:R$ :8$
H7::M03$ 38M: M0$ )G3"/$
H: 3M 8 "$)G:HM H U:P
H6$$=! M0$8 /G 3M :8
U:PG SU :PM M0$ "::GA
!
+#' 3+2 !#2 ' '= #3! 6 =(92
3$ #':#63 :#3#6(23 6( %#' 2. #6! 6! 6263
' +#% =(92 !#2 ;#6! ++2;(2$ ;!' =(9
2%%= ' 6( 9$% (;' 3=3 ' &+
96!(2 ( ( (;
' #&+% (2 '
2'3(2& (92
#.
HM8"H ):G 86U
8"6$ M 8$ ' 8" 3MFH
M0$ $HM SU M: M56$
$1736H 8" R:3$736HA
D$3"$ 377$"3M$6U
# !6 6( )8 &#'963 ( #'6'3 #'62:%3 ' 92' 3 &'= %(2#3 3
8 6( 7> &#'963 ( ('36'6 &(26"<26#(' <2#3 3=3 ('6!'
(33 &2#' (9'#% (' <2#3 +23('% 62#'2 ( 6! =2 '
96!(2 (
. #$ =(92 :(92#6 2#( &!#' ' ( ('
&#'96 6 !# ! #'6'3#6= ,6 %36 4 (2 (' 3% ( ) 6( )> ;#6! )>
#' %%"(96 (26- (%%(; = 236 (2 :2= %(; #'6'3#6= ,8 (2 7 (' 6!
3& 3%- (2 (' &#'96.
0$ %% 6! !#23 (96 ( 6! 2((&1 39 363
6+!'# '6(' +2(33#('% (2 '#32 #'
#'#''6#. 0(+% ;#%% 36(+ !66#' ' 3626
&$#' #3#('3.1
3M38/ ):G M0$ ":M:G!
"$8M3HM! G$G! 6SU$G :G
)38836 "R3H:G 8 $
H$G3:PH M37$ HP5A :
HR$ U:PGH$6) )$S $TMG
738PM$H S3M0 M03H MG35
G3/0M $):G$ U:P 6$R$ ):G
U:PG ==:38M7$8M! 66
M0$ :))3$ M: H$$ 3) M0$
86$HH 3MFH M0$ )386H!
8$R$G H3M ":S8 M: SM0
8 $8M3G$ /7$A 8HM$"!
MP8$ 38 :86U ):G M0$ )386
)$S 738PM$H! G:P8"H!
H$MH :G :R$GHA 0M SU!
3) 3MFH 6:S:PM! U:P
0R$8FM SHM$" 8U M37$A
8" 3) 3MFH 6:H$! M0$ )386
738PM$H S366 $ S0M
$R$GU:8$ 3H M6538/ :PM
M:7:GG:S 7:G838/
8USUA 8" S0$8 M0$
/7$FH :R$G! MPG8 :)) M0$
A : 7MM$G 0:S /G$M
M0$ M$7=MM3:8! ": 8:M
G$738 H:)1:P8"
M0G:P/0 M0$ =:HM/7$
38M$GR3$SHA
:G"38/ M: $8M:8!
3) U:P SG3M$ 7383 /$8"
:) S0M U:P S8M M:
:7=63H0 S3M0 66!
U:PF66 H=$8" )3R$ 6$HH
738PM$H M6538/ :8 M0$
=0:8$A D ) U:P 75$
;O 66H "U! M0MFH 8
0:PG HR$"!E H0$ HUHA
: R:3" =6U38/ =0:8$
M/! $8M:8 HP//$HMH!
":8FM 75$ 66H $MS$$8
8::8 8" O =7A 8"
3) U:P 0R$ M: 66
H:7$:8$ S0: 635$H M:
U5! M37$ U:PG 66 M:
G$0 M0$7 G3/0M $):G$
6P80 :G - =7! S0$8
M0$UF66 $ $/$G M: 0$"
):G M0$ "::GA
; 3#696#('3 2 &(2 293626#' 6!' 6!23!#' 2(9' ,%('- #' .
( %% 3%+ /9#$%= ' 3(9'%= (%%(; 6! :# ( !%6! +3=!(%( #36
' 3%+ <+26 9#' #&'
+3 :(# :'#' <2#3. 6 2#33 (2 (= 6&+2692.
73 %%(; (96 6!2 !(923 6;' #''2 ' 6#&.
63 6 '' !% % (2 3%# ( ;!(%";!6 6(36 3
3'$ 3#' (&+%< 2(!=263 2 3%+"#'92.
3 #& 6! !(93 %# !63 29%%= 3 6#& ++2(!3.
3 $ ;2& ,'(6 !(6- 6! (2 3!(;2 6( #%6 %(( :33%3
' 2%< &93%3.
23 :(# &&(3 ';3++23 (2 ;#662 9+63 (2 .
!= (:236#&9%6 6! &#'.
13 $ 392 6! 2((& #3 2$ /9#6 ' 3%# !6%= ((% ,8>*
#3 6! (+6#&% 6&+2692-.
3 3$ '(#3 ;#6! 36= %# !6 3(9' 2(& ' ;!#6"'(#3
&!#' (2 6+3 ( (' ;:3.
7
&' $ ! ! $
6:H$ ,! U:P 0R$ M: =U M0$ 3G:8 =G3$A 8" HS$M
P5$MHA 8" G$M0385 U:PG /G:$GU 63HMA PM M0$ P6M37M$
:HM >38 M37$! $H=$366U? "$=$8"H :8 S0M U:P 58:SA 8
:PG 8$R$G1$8"38/ BP$HM M: 0$6= U:P /$M 38 M0$ $HM H0=$
:) U:PG 63)$! S$ M==$" M0$ :P8MGUFH M:= +M8$HH 738"H
8" :7$" M0G:P/0 PMM38/1$"/$ G$H$G0 M: +8" M0$
O. 7:HM $*$M3R$ SUH M: G$R$6 M0$ HMG:8/$G! 6$8$G 78
38H3"$ U:PA 8 H0:GM! S$FG$ :PM M: )HM1MG5 U:PG +M8$HHA
. +#
%!
'
6 #
"
B?9 C-- . ?- A 98C',#9
3. 98C',# 0 B2 ,B?9 A 92 ,B?
B??8 / C--4
?9 -'*9 A ?- " 98C',#9 3. 98C',#
. ?92 -*'C -'* -8 -?$8 -'* . 2? B??84
'8F A ?- " 98C',#9 3. 98C',# . B2
+'*) .;H# F-#$B8? . -G $8 $9
1 B2 -??# $94
8B'? A ?- " 98C',#9 3. 98C',#
. +'B+ D$-* 8B'? 0 B2 8' 8B'?
./ B29 89$ 8B'?4
6 #
')# '.) &,") '2
/)2 "%
0$8 3M :7$H M: P36"38/ HMG$8/M0!
0:S :)M$8 U:P S:G5 7PH6$ 3H 4PHM
H 37=:GM8M H 0:S 0G" U:P S:G5
3M! :G"38/ M: G$H$G0 38 M0$
", '%,"& ")
:HM :) M0$ :4$MH U:P 63)M 38
$R$GU"U 63)$ ' H0:==38/ /H!
:R$GHMP))$" HP3MH$H! M:""6$GH '
G$8FM H :8R$83$8M6U H3V$" H
"P7$66H 8" G$66HA : P36"
HMG$8/M0 M0M MG8H6M$H $U:8"
M0$ /U7! 38:G=:GM$ H8"/H!
5$MM6$$66H! )M1/G3= G$66H 8" :M0$G
:""1H0=$" MG3838/ M::6H 38M: U:PG
S:G5:PMH! HUH 8M0:8U 3P/63:!
):P8"$G :) GM:)HMG$8/M0A:7A
'/ ') ",
# + )
0$8 U:P $80 =G$HH! MGU M: $8"
M0$ $8"H :) M0$ G SU )G:7 U:P
H U:P =G$HH 3M P=A D:PF66 )3G$ 7:G$
7PH6$H 38 U:PG P==$G 5! G$M38/
7:G$ HM6$ =6M):G7 :8 M0$ $80!E
HUH 36 6$738/! :S8$G :) :G$
3M8$HH 8" $G):G78$A
&) + "$$)
H U:P HBPM! =G$HH :PMSG"H /38HM
M0$ )6::G S3M0 U:PG )$$M >PM ":8FM
MP66U 7:R$ M0$7?A D:PF66 )$$6
U:PG /6PM$H M3RM$! S030 S366
::HM U:PG =:S$G!E HUH 6$738/A
(
*,) , .$$ (
D0$ =P661P= MG/$MH 7:G$ 7PH6$H
M08 8U :M0$G P==$G1:"U $T$G3H$!E
HUH
HMG$8/M0 :0 0"
M$GPGUA 8" $PH$ 3MFH MU=366U
":8$ S3M0 :"US$3/0M! 3MFH 6H: 8
38"3M:G :) G$6M3R$ HMG$8/M0 >0:S
'
.& "# '. ",
DGU U:PG MG3838/ HM37P6PH M: R:3"
=6M$PH!E HUH R$ $668R$! :S8$G
:) M0$
:R$7$8M
388$=:63H /U7A
#
"& .& , )%"$$
0$8 U:P 03M M0$ MG$"7366! H$M
M0$ 38638$ M: N@ M: 7373
:PM"::G GP8838/A
"
) '& .&* ') &,)/$*
38$MU 738PM$H :) 38M$GR6H
>6M$G8M38/ H=G38MH S3M0 M3R$ G$HM?
=$G S$$5 =G:"P$H /38H 38 $G:3
=3MU >U:PG :"UFH 363MU M:
"$63R$G :TU/$8 M: S:G538/ 7PH6$H?
M0M G$ H3736G M: - 0:PGH :) HM$"U1
HMM$ G"3:! :G"38/ M: G$R3$S
38 M0$ &" #%)A
'%"& ,)&, & )"'
8"HMG$8/M0S:G5:PMHS3M0)383H0$GH
'BP357$M:63"G366HM0M::HMU:PG
0$GMGM$8"6:G3PG8AGUM03H:8$
:H38/6$5$MM6$$66HS38/!M0$8;W
/:6$MHBPMHA$TM!":MS:HS38/H8"
838$HBPMHA$$=/:38/P8M36U:P03M;W
HS38/H8":8$HBPMA
6 #
$ ( '.) - &,#
:PF66 PG8 7:G$ 6:G3$HA G38538/
-WW76 :) 0366$" SM$G ' M0$ R:6P7$
38 MU=36! $R$GU"U :8HP7$G
:MM6$ ' 8 G3H$ U:PG 7$M:63H7
U NW@! HU H3$8M3HMH 38 $G78U
8" 8"A $MM$G HM366! M0$
7$M:63 ::HM 8 6HM P= M:
9W 738PM$HA
. +#
# %$$ &*
5$ M0G$$ 08/$H "U "G385
65 :))$$! MG"$ H6" ):G 03=H
M 6P80 8" PM 4P85 H85HA
"$ # , .&&"&
: 03/0138M$8H3MU HMG$8/M0 3GP3MH
M: G$R U:PG 7$M:63H7A
#"
#(
'/) $$
:PF66$84:U/G$M$G/38H3)U:P
MG$MG$:R$GUH/:6!HUH:""
PG538!PM0:G:) % )
A$"3M$80:PG$0S$$5M:
G$:R$GUM3R3M3$H!HP0H):71G:6638/
:GU:/!S0308$H$M3/0M7PH6$H
8"G$5P=HGM3HHP$!$6$GM38/
G$=3G8"/G:SM0A
#
."$ ') '0)
D
8U /PUH :8)PH$ HMG$8/M0 8"
=:S$G!E HUH
35$ :$GMH:8!
:1:S8$G :) 8"38=:63H 3M8$HH 8"
=:GMH G3838/A D:S$G 3H M0$ 363MU
##
#
( 1-' +
(+! '/
'
- !1 /+
1-'
( +
'2+
!
+
'+!( +
(
+ ' ( 1-'
+ +#
+-' + + -# !
1-' + '+!( !
+
( 1- '+
+
'
-!
/+ 1-' '+
#
' +
+
+ + '
(+
-!#
/+
((
'!
+# '!(
!' (#
6 #
+ :<0 5* 0" 5 08',5 (80' )
'/5 /*9/< '' <*) 5" !<(
$ !
%
!! $ $
S$3/0MH 75$H P= ):G $3/0M H=$8M H3MM38/ M "$H5A
8" H 6:8/ H U:P ":8FM 73HH M0M 0:PG $0 "U! U:P S366
P36" :"U M0M 75$H M0$ ":$1$U$" G3HM ":S8HM3GH
M5$ 8:M3$A 0$ G$63MU M0$ G$HM :) U:PG "U 3H 4PHM H
37=:GM8M ):G P36"38/ 7PH6$A D0$ =:38M :) S:G538/
:PM 3H M: ):G$ U:PG :"U M: "=M!E HUH
:$ :S"$66!
:) $5 $G):G78$ 38 $S :G5A DPM M0:H$
"=MM3:8H ":8FM :PG 38 M0$ /U7 ' M0$U :PG "PG38/
66 M0$ 0:PGH U:PFG$ 8:M M0$G$AE P36" 7PH6$ :8 M0$
O.2J =68 S3M0 M0$H$ M3=HA
(
'
8 HMP"U 38
&%"% )! :86U
--@ :) M0$ M$HM$" $G$6H 366$" H
DS0:6$ /G38E S$G$ D/::" H:PG$E
:) )3G$A D8" 7:HM G$ 03/0 38 HP/G
8" 6:S 38 7PH6$1P36"38/ =G:M$38!E
HUH 8PMG3M3:83HM
35$ :PHH$66A GU
M03H 38HM$" 73T < P= S0:6$ /G38
$G$6! P= :) 6:S1)M G$$5 U:/0PGM
8" < P= :) $GG3$HA D:PF66 /$M O/G7H :) =G:M$38 8" ;K /G7H :)
)3G$!E HUH :PHH$66A :PF66 )$$6 )P66
):G 0:PGH "$H=3M$ 0R38/ $M$8 :86U
OKW 6:G3$HA
, , )"
) U:PFG$ 7:8/ M0$ .;@ :) =$:=6$
S0: :77PM$ 6$HH M08 %57 M:
S:G5! 6$R$ U:PG G M 0:7$ 8"
4:38 M0$ .@ S0: 35$ :G S65A
3R$ M:: )G SUC := :)) M0$ PH
HM:= :G MS: $G6U! :G =G5 )G )G:7
U:PG P36"38/FH $8MG8$A D:P :P6"
PG8 H 78U H OWW $TMG 6:G3$H
"U!E HUH 35 P7738$66:! :)
$G):G78$ 83R$GH3MUA D M 7U
8:M H:P8" 635$ 7P0! PM M0$ 6:G3$H
"" P= BP356UAE G GM0$G! M0$U
HPMGM BP356U ' :PM 536:
:) )M 7:8M0A
'"$"* '.) '.$)*
$8"38/ :R$G 5$U:G" 8 MPG8
U:P 38M: 0P805A D:PG 7PH6$H
8" M3HHP$H "=M M: M0M =:H3M3:8!
G$"P38/ 7:363MU 8" 38G$H38/
U:PG 384PGU G3H5!E HUH G3 G$HH$U
:) G$HH$U $G):G78$A :PG )3T
M8"38/ HA $ S66 8" =6$
U:PG ):G$G7H /38HM 3M! $6:SH
MP5$" U U:PG G3HA 63"$ U:PG
):G$G7H P= P8M36 M0$U ):G7 I
M0$8 =P66 M0$7 5SG"H! :))
M0$ S66A $R$GH$ M: M0$ HMGM38/
=:H3M3:8A 0MFH ; G$=A : ;WA
) '
G38538/ M0$ $BP3R6$8M :) MS: P=H
:) :))$$ >.-W76? :PM 8 0:PG
$):G$ U:P S:G5 :PM 8 0$6= U:P
63)M 7:G$ S$3/0M! HMP"U 38 M0$
&" %"% %
#" ):P8"A 0$ G$H:8
))$38$ 6:5H M0$ H3/86H :) =38
8" )M3/P$ M0M U:PG 7PH6$H H$8"
M: U:PG G38! ::HM38/ U:PG
=$G):G78$ H G$HP6MA
#"( , "&#"$$)
MFH M37$ M: S:G5 :PMA PM ":8FM =:=
8 3P=G:)$8 M: 66$R3M$ 638/$G38/
H:G$8$HH )G:7 U$HM$G"UFH S:G5:PMA
:PF66 8:M :86U HM66 7PH6$ /G:SM0
U "3HGP=M38/ :66/$8 =G:"PM3:8
PM 6H: 6$R$ U:PGH$6) RP68$G6$ M:
/HMG:38M$HM386 3GG3MM3:8 ' G7=H!
"3GG0:$! 38M$HM386 6$$"38/ 8"
8PH$A 0$ $MM$G G$7$"U
=:HMS:G5:PM 7HH/$A
#
(
D==38/ G$"P$H M0$ HMG$HH
0:G7:8$ :GM3H:6 8" =G:7:M$H
7PH6$1P36"38/ /G:SM0 0:G7:8$H!E
$T=638H A 0G3HM:=0$G 38M$G!
!# % H6$$= 7$"338$
"R3H:GA
T373H$ U:PG M37$ S3M0
M0$ 6$$= 366:S ==A M =6UH 73$8M
H:P8"H M: 0$6= "G:S8 :PM 8:3H$ H:
U:P 8 "G3)M :)) )HM$GA
'"$"* '.) *
D ) U:P ":8FM S:G5 U:PG 03=H! 856$H
8" /6PM$H M0G:P/0:PM M0$ "U! U:PF66
$ M:: M3/0M M: 63)M =G:=$G6U S0$8 U:P
03M M0$ /U7!E HUH P7738$66:A :
6::H$8 P=! HBPM P8M36 U:PG /6PM$H
'( &,' , $
GU M: )3M 38 =G:)$HH3:86 GP":S8I
4PHM ;W 738PM$H 8 $H$ =:HM$T$G3H$
H:G$8$HH 8" 7U H=$$" G$:R$GU!
HU G$H$G0$GH 38 8"A :: PHUC
G ):7 G:66$G 8" 03M M0$ )6::GA
H 63MM6$ H O 738PM$H :) G:6638/ 8
38G$H$ U:PG G8/$ :) 7:M3:8 U
;N@! 8:M0$G 8"38 HMP"U ):P8"A
:G5 U:PG SU P= U:PG :"U! /3R38/
$0 7PH6$ /G:P= M 6$HM M0G$$ :G
):PG G:66HA
0 '&)
D366 U:PG =6M$ S3M0 6$8 7$MH!
R$/$M6$H 8" /6PM$81)G$$ HMG0$H
635$ G3$ 8" =:MM:$H!E HUH M$
3U53! PM0:G :) %"%%% #%A
D MFH H37=6$ SU M: )$$" U:PG
7PH6$H S3M0:PM =538/ :8 )MAE
8" 0$S38/ $0 3M$ ):G NW
H$:8"H 8 0$6= G$"P$ )::"
GR38/H 6M$G :8! HMP"U 38 M0$
4:PG86 %% ):P8"A
') '.) )')**
$8 S0: 5$$= S$3/0M16:HH
4:PG86 >:8 ==$G :G S3M0 8 ==?
M 6$HM KW@ :) M0$ M37$ G$ 7:G$
635$6U M: 5$$= M0$ S$3/0M :))A DU
5$$=38/ MG5 :) U:PG S:G5:PMH!
U:PFG$ 6H: $MM$G 6$ M: /P/$
:M0 U:PG =G:/G$HH 8" M0$
$))$M3R$8$HH :) U:PG $T$G3H$
=G:/G7!E HUH P7738$66:A
'
)"&# )',"& #
:8HP738/ .W /G7H :) =G:M$38
$):G$ $" 8 ::HM 7PH6$ /G:SM0
S036$ U:P H6$$=! :G"38/ M: HMP"U
38 "%#
("#A D::5 ):G HP==6$7$8M
=:S"$GH 03/0 38 H$38 M: =G:R3"$
05 :<0 5*
05/('$) <*8/
:*/&*850 )
/" <*8/ !*'0
05/
'
(+'+ +'
0 -+ &+
' '(+#
'
+-(
-((
(
. -! +
, '!(
(+ (
1 .'(+1
!(
'(
''(#
0'( /+
' , +'
(+( + -!(+
'+
1-' '.-(
(1(+
.((
-#
( /+(
+
+
' 3 +
)" /
+ 1'
1 -(#
1 -1(
!-( ' +
+1
!-#
$ +/ !-
0'(( ' .'1
!'(( % (
1(
1 +'
-'
'((1
''
#
--7; C->6 "&+7 C -A+7&D&+" C->6 A-6(->;
6-6* ;#7 B6&77 7 &6>&; -&+" 7 *+C 6/7 - # 7 C-> + &+ <E 7-+7 ;#+
67;&+" <E 7-+7 + *-@&+" -+ ;- ;# +B;2 7 7&+") >*)) ;# +;&6 ;&* #--7&+"
;# #@&7; A&"#; ;#; ))-A7 C-> ;- -*/); ;# A-6(->; A#&) 7;&)) *&+;&+&+" /6; -6*2
-*/); < &6>&;7 ;-;)2
"
E?E L @E0 +0( )2. +0( H/!.. +0 L2H? ?+()E )0
,H@E 2HE@+ ! L2H? @)2H. !? 9 +5 L2H? -0!!@ 0
E)!0 5H@) H5 !K5.2@+I!.L H@+0( E)! /2/!0EH/ %?2/
L2H? 5H@) E2 )!.5 L2H 5?!@@ E)! J!+()E 2I!?)! 9
+E) E)! H/!.. @E+.. 2I!?)! 5+I2E L2H? .!%E %22E
( @+;" - ;#&7
7*6; ;6&+&+" ;--) +
C->5)) +-; -+)C >&)
*>7) C->5)) --7;
C->6 6&+ /-A6 ;--
7;6*)&+ A-6(->; A&;# '>7; ->6 3>&(
)&;;) B6&77 + &; A-6(7
C) ;#6->"# )) ->6 B6&77 67;&+" . *&+>; ;A+ # + 6/; -6 . *&+>;72
"
- .E 6/7 - # B6&7 + -*/); 7 *+C &6>&;7 7 C-> + &+ . *&+>;72
7; 6&)C A#+ C-> + ;- + 67>* A-6(&+" >+;&) ;# ;&* &7 >/2 7 C->6 -+&;&-+&+"
&*/6-@7 &+67 6/7 -6 67 ;# *->+; - 67;2
"
@+ & C->56 ;#->7+7
- *&)7 AC 6-* C->6
#-* "C* -+5; )@
C->6 A-6(->; #&+
@- %2? E)! )2E!. !0(+0!!?
!>@ E)! 20! J)2 @!?I+!@ E)!
!:H+5/!0E 0 )!>.. -02J E)!
EL5!@ 2% /)+0!@ E)E ?!
I+..!9 @- E2 @5!- J+E)
)+/ J)!0 L2H .. E2 ?!@!?I!
L2H? ?22/ # /2@E )2E!.@ J+.. !
)55L E2 2.+(! !@! @L@9
!
>&) *-6 7;6+";# A&;# ->6 )77& B6&77
6-6* # B6&7 /&6 7 7>/67; 0($;-$(12 - ;# &67; 7>/67; 7 *+C ;&*7 7
C-> + &+ 8 *&+>;72 7; . *&+>; + ;#+ - ;# 7* A&;# ;# 7-+ 7>/67;2 &;# 7>#
6& 67; C->5)) ;B C->6 *>7)7 + 6+( C->6 #6; 6;2
"
"
-*&+ "&)&;C + 7;6+";# A&;# *>);&/>6/-7 B6&77
&+&7# 7 *+C &6>&;7 7 C-> + &+ . *&+>;7 67;&+" 9E ;- ,E 7-+7 ;A+ 7;72
"
2. 5+? 2% H/!..@ E
L2H? @+ !@ -!!5+0( L2H? %!!E 02
/2?! E)0 )+5*J+ E) 5?E9
" !0@! L2H? !0E+?! 2 L 6?!
L2H? 2?! .!0) L2H? E)+()@
@:H!!M! L2H? (.HE!@ EH- L2H?
E+.20! 0 5H.. L2H? @)2H. !?
. !@ - 0 2J07 0
@J+0( L2H? .!%E ?/ E2 @)2H. !?
.!I!. @ L2H @J+0( L2H? ?+()E
?/ !)+0 L2H9
-! @H?! L2H?
?/@ ?! E)! 20.L 5?E@ 2% L2H?
2 L E)E /2I!9
! )!0 @J+0( L2H? ?+()E ?/
%2?J? 0 L2H? .!%E ?/ -9
+! 20 L2H? - J+E) L2H? .!(@ @E?+()E9 2. H/!..
+0 L2H? .!%E )0 L2H? ?/ @E?+()E 2I! L2H? )!@E9
E0 H5 -!!5+0( L2H? !.2J .2-! 0 E)! J!+()E
2I! L2H 0 E)!0 .+! - 2J0 @ L2H -!!5 )2. +0(
E)! J!+()E 2I! L2H9 J+E) )0 @ 0 ?!5!E9 2 ' E2
C ?!5@ 20 !) @+ !9
'
H
" 5I
(' B!42 B
" 5I
42!
6-6* ;- .E 6/7 - # *-@ -+;&+>&+" ;- ;# +B; -+ A&;#->; 67;&+"2 ;6
-*/);&+" -+ &6>&; 67; -6 <E 7-+7 + ;#+ 6/;2 - = -6 < &6>&;7 ;-;)2
"
+! J+E) L2H? )! 0 H55!? - ?!@E+0( %+?/.L 20
J+@@ ..9 2. H/!.. E @)2H. !? .!I!. +0 L2H?
.!%E )0 L2H? 5./ %+0( %2?J? 9 !0 L2H? -0!!@
1N* !(?!!@9 2J .+%E L2H? .!%E %22E %!J +0)!@ 2%%
E)! %.22? 0 ?25 L2H? )+5@ H0E+. E)! E25 2% L2H? .2J!?
- +@ E2H)+0( E)! ..9 )+@ +@ E)! @E?E+0( 52@+E+209
0 20! /2I!/!0E 5?!@@ E)! H/!.. H5 H0E+. L2H? ?/
+@ @E?+()E 0 ?+@! L2H? )+5@ H0E+. L2H? 2 L %2?/@
@E?+()E .+0! %?2/ L2H? -0!!@ E2 L2H? )! 9 2 .. L2H?
?!5@ @J+E) @+ !@ 0 ?!5!E9
/5 2J0 5+0 0
@J!..+0( J+E) 6?!@E +!
2/5?!@@+20 !.!IE+2079 ?5
0 !.@E+ 0 (! ?2H0
E)! +0,H?! ?! -!!5+0( +E
E+()E !02H() E2 2/5?!@@
E)! +0,H?L J+E)2HE ?!@E?+E+0(
.22 %.2J9 )!0 !.!IE! 0
?!@E +E 55.L+0( +! %2? 3& E2
GN /+0HE!@ !I!?L G E2 F )2H?@
J)+.! L2H>?! J-!9 0 2I!?*
E)!*2H0E!? 0E+*+0%.//E2?L
@H) @ +H5?2%!0 /L .@2
)!.5 E E)+@ @E(!9
?!@+@E0! @E?E+0( J+E)
J!+()E@ ?!5@ 0 @!E@ !:H.
E2 G& E2 &N8 2% J)E L2H +
!%2?! E)! +0,H?L +0?!@+0(
L 3N8 !I!?L J2?-2HE ?2@@!
@L@9 +. - +% E)!?!>@ 5+0
0 20>E /2I! E2 E)! 0!KE
.!I!. H0E+. L2H>?! 5+0*%?!!9
% L2H>?! @E+.. @E+%% 2? @J2..!0
@!! L2H? 2E2? 2? 5)L@+.
E)!?5+@E9
-*&+ -C$A&"#; + >*))
B6&77 ;- >6+ ; + >&) *>7)
5 . %
"
>&) (&))6 -C A&;# ;#&7 6->;&+
&+7/&6 C *&B *6;&) 6;7
;6; A&;# 9 6/7 - # B6&7 A&;# +- 67; ;A+ *-@72 #+ - 6/7 - # +
-+;&+> ;- ->+; -A+ >+;&) C-> - . - #2 C-> -*/); ;# A-6(->; &+ )77 ;#+
. *&+>;7 6/ ;- C->6 &67; 7; +B; ;&* 7- C->5)) 7;6; A&;# 8 &+7; - 92 C-> +
7;6; A&;# 6/7 + &+&7# &+ . *&+>;7 -6 )77 -+7&6 C->67) 6C ;- 6>*)2
"
"
G2 +40 -2) 7-A 4& J1!00B -2 &A42G 4& N4JA G+-)+B
701B G4LA N4JA 4 N; !2 &4ALA B0-)+G0N &A41 N4JA
+-7B; +-B -B G+! BGAG-2) 74B-G-42; J00 G+! L!-)+GB J7 2
G4 N4JA B- !B B N4J BGA-)+G!2 N4JA G4AB4 GJA2-2) N4JA
701B G4LA !+ 4G+!A 42 G+! LN J7; !K!AB! G+!
14K!1!2G G4 A!GJA2 G4 G+! BGAG-2) 74B-G-42;
+ G!AJAN@B &-)+G!AB 4&G!2 !2 G+!-A L4A/4JGB L-G+ <J-/ B!G 4& B<JGB
+40 -2) 1! --2! 00 )-2BG G+!-A +!BGB; > G@B )A!G &4A J-0 -2) 0!) 2 4A!
!2 JA2!? +! BNB; 4A A!)J0A )JN +! A!411!2 B 5I/) 00 J1!00
4A L!-)+G 70G!;
+-0! 42 -G-42-2) N4JA 0!)B@ !2 JA2! G+! A-00 0B4 J-0 B B-O!; >+!
<J A-!7B A!B742 L!00 G4 +-)+!A A!7B? G!AJAN BNB 24G-2) G+G N0-BGB
2 B7!! B/G!AB L+4 L4A/ G+!B! 1JB0!B &4A +4JAB N 4&G!2 !K!047 )-2G
G+-)+B; +! A-00 JA2B &G G44 L4A/-2) N4JA 1JB0!B -2 42G-2J0 14G-42 L+-0! N4J
0-&G N4JA 4 N L!-)+G # 70JB L+G!K!A L!-)+G N4J@A! +40 -2);
6-6* ;#7 B6&77 7 &6>&; *-@&+" 6-* -+ ;- ;# +B; A&;#->; 67;2 -6 #
B6&7 - .9 ;-;) 6/7 0 -+ # 7&12 7; -6 . *&+>; ;6 C->5@ -*/); ;# +;&6
&6>&;2 /; ->6 *-6 ;&*7 -6 >+;&) C->6 . *&+>;7 6 >/2
@+0( 0!HE?. (?+5 )2. H/!..
+0 L2H? ?+()E )0 E ?/>@ .!0(E)
0!KE E2 L2H? E)+() 6@ +% L2H>?!
)2. +0( @H+E@!79 E0 J+E) L2H?
%!!E )+5*J+ E) 5?E 0 L2H? -0!!@
@.+()E.L !0E9 !!5+0( L2H? )!@E H5
5H@) L2H? )+5@ - 0 .2J!? L2H?
2 L H0E+. E)! H/!.. +@ E /+ *
@)+0 .!I!.9 H@! 0 E)!0 ?!EH?0 E2
E)! @E?E+0( 52@+E+209 <20>E E2H)
E)! H/!.. E2 E)! %.22?= @L@
!0E+.2?!9 HE 2 -!!5 +E .2@! E2
L2H? @+ ! E)?2H()2HE E)! /2I!9
"
-;)$-C B6&77 6)C
-+ C->6 7 #&/7 +
( *>7)7 >; A#+
C->56 >+7;) C-> >7
)77 A&"#; A#&# *+7
C->6 *>7)7 -+5; A-6(
7 *>#2 6@ C->6 -6
>7&+" ;#&7 /)+
+! %!*H5 20 !0) )2. +0(
H/!.. @E?+()E 2I!? L2H? )!@E
5./ %+0( +09 +E)2HE )0(+0(
E)! 0(.! 2% L2H? )0 .2J!? E)!
H/!.. E2 E)! @+ ! 2% L2H? )!@E9
H@! 0 E)!0 5?!@@ +E - H5
E2 E)! @E?E+0( 52@+E+209 <+0! E)!
J!+()E +@ 2%%@!E L2H? 2552@+E! @+ !
J+.. J0E E2 .+%E 2%% E)! !0)= @L@
!0E+.2?!9 <?! L2H? 2?! @
+% L2H>?! 2HE E2 E-! 5H0) +0
2? !? E2 -!!5 L2H? - +0 5.!9=
+E) H/!.. +0 L2H? ?+()E )0
!0 E L2H? )+5@ 0 -0!!@ 0
.2J!? L2H? E2?@2 H0E+. +E>@ 0!?.L
5?..!. E2 E)! %.22?A .!E E)! J!+()E
)0( E ?/>@ .!0(E)9 2J 5H.. E)!
H/!.. E2 L2H? E2?@2 -!!5+0( L2H?
!.2J EH-! .2@! E2 L2H? @+ !9
!EH?0 E2 E)! @E?E+0( 52@+E+209 <?+5
E)! J!+()E @ E+()E.L @ 52@@+.!=
@L@ !0E+.2?!9 <)E J+.. E+IE!
L2H? ?2EE2? H%% J)+) @@+@E@ +0
E)! /2I!/!0E9=
#/ >/ C >7&+" 7>/6 7+"
6-6* ;# B6&77 7 &6>&; -&+" 7 *+C 6/7 - # 7 C-> +
&+ <E 7-+7 -6 *-@&+" -+ ;- ;# +B; -+ 0>7 <E$ ;- 8E$/->+ "12
7; <E 7-+7 ;A+ *-@72 - ;# &6>&; < ;&*72
"
2. @0 ( +0 %?20E 2% L2H? E)+()@ 9 E!5 J+E) L2H? ?+()E %22E 0 @J+0( E)! ( E2 E)! 2HE@+ !
2% L2H? .!%E E)+() 9 E0 H5 ?+@+0( L2H? ?+()E -0!!
@ L2H %.+5 E)! ( 2I!? L2H? %2?!?/@ E2 E) +E E
)!@E .!I!. 9 H@! 0 ?!EH?0 E2 E)! @E?E+0( 52@+E+209
!5!E @J+E)+0( .!(@ ).%JL E)?2H() E)! @!E9
-+5; A+; ;- 6-/
;#->7+7 -+
-**6&) 7+"4
657 #-A ;- *(
;#* -6 *># )77
.?(!
'(?(!
(@
E5!
HE
@EH? L H%%!. (
360I@
2? /+.+E?L7
. 2H? 3&-( 2% @0
+0E2 E)! %+?@E (?(!
( 6J!+() +E J+E)
E)?22/ @.!7 0
@!. E)! E25 J+E) HE
E5! .!I+0( ?22/ %2?
E)! @0 E2 /2I!9
= .! E)! %+?@E (?(!
( +0 @!20 20!
0 @!. E)!/ 2E)
J+E) HE E5!9
>&) C->6 +;&6 -C A#&) 7;C&+" - C->6 >;;
5 . %
6-6* )) ->6 B6&77 7 &6>&;2 7; -+)C ;6A67 -6 9E ;- ,E 7-+72
/; >+;&) C->6 . *&+>;7 6 >/2
"
"
%% "
%%%
#
%%
!
!
$ $ $
&44( 1 , ( 140(4 ( 4 0#4#& '61& 0*6,
4 4 *1 1* '6 '*0 4 ( &**% ** 1 #04&11
* 4 1 '*81 %!4*!% 9#4 (* 014 49( 4 '- ( ;*6 #(#1 4 #014
#06#4 4 ;*60 04 4 ( * (*4 0-
.* +'', ** ', .<% %,9 ,B< <. C.?8 *!< %'0
, , C.?8 ),9 9*'$%<*C 3 0',$ C.?8 8+9
9<8'$%< 8'9 <% ** ?0 , 8.99 C.?8 .C ?,<'*
C.?78 9<,',$ 9<8'$%< , <% ** '9 .@ C.?8 8'$%<
9%.?*8 3 <?8, <. <% 9<8<',$ 0.9'<'.,3 %<79 / 803
.* ?+** ', C.?8 *!< %, , 8'9 '< .@ C.?8
%3 0 C.?8 *.A *.9 <. C.?8 8 <%8.?$%.?< <%
+.@+,< 3 <0 !.8A8 A'<% C.?8 8'$%< !..< *.A8',$
?,<'* <% <.0 .! C.?8 <%'$% '9 08*** <. <% !*..8 3
?9% .!! C.?8 *!< !..< <. 9<,3 %<79 / 803
/E
/E
/E
'< ., <% !*..8 A'<% C.?8 *$9 !?**C B<, , 8'9
C.?8 !< !A ',%9 .!! <% $8.?,3 , ) .,
C.?8 *.A9 A'<% C.?8 !',$89 ,8 <% 9'9 .! C.?8
%'09 3 0',$ C.?8 *.A8 ) 0899 ',<. <%
!*..8 ,$$ C.?8 .8 , *'!< C.?8 *$9 <. .?<
#" $89 3 .',< C.?8 <.9 0899 C.?8 <%'$%9
<.$<%8 , <8 *8$ *.)A'9 '8*9 A'<% C.?8
*$93 %, <8 '8*9 .?,<8*.)A'93
/E
=E 3
8 "&0.?, +'', ** , 9<, A'<% C.?8 !<
9%.?*8&A'<% 08< ),9 9*'$%<*C ,<3 .* <% **
A'<% .<% %,9 ', !8.,< .! C.?8 %9< 3 .A8 C.?8
%'09 , <.?% <% ** <. <% !*..8 .?<9' C.?8 8'$%<
!..< 3 <, ?0 4?')*C 8',$',$ <% ** 8.99 <%
!8.,< .! C.?8 .C , <.99 '< <. 08<,8 8*9',$ <.
<% *!< < .?< 9%.?*8 %'$%< 3 @ <% 08<,8
<.99 '< )3 %<79 / 803
/E
#4 4 1
&&;!614#(
#41
# ;*601& * 4 *1 0 &*8 (&1
; '*8#( #( 49* #04#*(1
/ +"
0*0' 4 :0#11 1 #06#4 '*8#( 0*' *( 4* 4 (:4 9#4 *64 014#( 6(4#& ;*6/8
*',&4 4 ' &&- ( 014 2< 1*(1- ,4 1 '(; 4#'1 1 ;*6 ( #( + '#(641-
.* +'', ** < C.?8 %9< , ! A**
/E !< AC3 %'9 '9 <% 9<8<',$ 0.9'<'., 3 ?,$
)A8 A'<% C.?8 8'$%< *$ A%'* 8.<<',$ C.?8 <.89.
, <% ** <. C.?8 8'$%< 3 %, C.?8 8'$%< ), '9
, ',% .8 <A. .!! <% !*..8 <%8.A <% ** <.A8 <%
A** , 0?9% C.?89*! ) <. <% 9<8<',$ 0.9'<'.,3
<% <% ** ., <% 8.?,3 %<79 / 803
*1 ;*60 64 (
16&,4 4 0#,,
*; * ;*60 0'1
(+%= : 5))'
( :5A )5 )=56 )
6%+ (" : ( (>5
6::% )5 ?5 : ( 7/
546 65A : )5
6)' "(6+"5:")(
" A)= 5 ":=% 6 )5:
6%+5 A)=5 ( )
( 5%A : 5"66 A
6 '= 6 *<. :%"(
565 56 6A/
6(1 ,;4 *(1 ,#,1 9 480 ;*6 && /' 4 #1
,0*0'' 9#&& 6#& '11 14
* 4 :0#11 1 #06#4 '*8#( 0*' *( 4* 4 (:4 9#4 *64 014#(40 *',&4#( *( #06#4 014 *0 2< 1*(1 4 ( * *( '*0 #06#4-
<, %.*',$ 8** ', !8.,< .! C.?8 <%'$%9 A'<% ,
?,8%, $8'0 C.?8 %,9 9%.?*8&A'<% 08< 3
0',$ C.?8 ) 9<8'$%< , C.?8 *.A9 < C.?8
9'9 9*.A*C ?8* <% 8 ?0 ', 9+''8?*8 +.<'.,
?,<'* C.?8 !.88+9 <.?% C.?8 '09 3 ?9 <%,
9*.A*C *.A8 <% 8 <. .?< , ',% ', !8.,< .! C.?8
<%'$%9 !.8 80<',$ <% +.@3
/>
<, A'<% C.?8 ) <. * 9<<'., , $8 <%
*.A&0?**C %,* A'<% C.?8 *!< %,3 <0 !.8A8 9.
C.?8 *!< %, '9 !A ',%9 %', C.? , C.?8 8+ '9
9<8'$%< 3 0',$ C.?8 *.A ', 0* ?8* <% %,*
?0 ?,<'* '< 8%9 <% 9' .! C.?8 %9< 3 ?9 <%,
9*.A*C *.A8 C.?8 8+3 />
00; 80; &* 9#4 1 9#4
*60 614*'#1 9*0%*64
/ +"
/>
/>
/>
/>
1 4 1 49* 4141
4* 1111 ;*60 0#1%
* 1 *6&0 #($60#1
: A)=5 %: 5'
( (:=5%%A A
A)=5 6" ( : (
:5A :) :)= A)=5
5" : 6 )=%5 %
A 6%""( : $
) A)=5 %: (
%)( A)=5 $/
5A :) :)=
A)=5 5" : 6 )=%5
% 5)' )>
A 5 "( "(
A)=5 ?": A)=5
%: (/
(4 4* 16&,4 ,*906& 4*01*.
#1 9*0%*64 9#&& * 4 $*
* *( 14 * 4 1 :0#11 1 #06#4 9#4 *64 014#( 49( '*81*80 *0 2< 1*(1 40 4 #(& 0,- ( 0,4 4 #06#4 *( '*0-
8 08*** '0 89 , *'!< C.?89*! 9. C.?8 8+9 8
9<8'$%< 3 0',$ C.?8 *.A9 <?) *.9 <. C.?8
.C 9*.A*C *.A8 C.?89*! C ,',$ C.?8 *.A9 ?,<'*
C.?8 ?008 8+9 8 08*** <. <% !*..8 3 ?9 <%,
0?9% C.?89*! ?0 <. <% 9<8<',$ 0.9'<'.,3
/E />
' !?0 ., , ',*', ,% , %.* 0'8 .!
?+**9 .@8 C.?8 %9< A'<% C.?8 8+9 9<8'$%<
0*+9 !',$ !.8A8 3 0',$ C.?8 0*+9 !.8A8
, ,',$ C.?8 *.A9 9*.A*C 9A0 C.?8 8+9 .A,
, .?< <. C.?8 9'9 ?,<'* <% A'$%<9 8 *@* A'<%
C.?8 %9< 3 ?9 <%, 8@89 <% +.<'., ?,<'* <%
A'$%<9 8 ., $', .@ C.?3
/E />
/ +"
8 ?+** ', C.?8 8'$%< %, A'<% ,?<8* $8'0
10*+ !',$ ',23 , C.?8 %'09 , ),9 , *.A8
C.?8 <.89.3 < <% ?+** %,$ !8.+ C.?8 9%.?*8 3
?** <% ?+** <. <% 9' .! C.?8 <.89. )0',$ C.?8
*.A <?) *.9 <. C.?8 9' 3
/"
7 .? , ?9 9,$ ',9< .! A'$%< 0*< ?< C.?7** 9<'** , 08<,879 %*03 8 C.? ,
',89 <% +.?,< .! A'$%< C.?78 0?9%',$ ?0 C A8',$ A'$%< @9<3
0*( ;*60 % 9#4 4 1
&&(#( :0#11
/ +"
#
#
1- ,"1# 0
- "0- " 0 & !
0 0-
,0"- #
,0 " 5"1, 1##, "5
"1--
" #4 -5-0 " 1-- ," 5"1,
0- $
0-- 1- ",-% 0" 5"1,
,"0
0", 1- 0" 5"1, 1##,
! "3, 0,
#- $0,
#61--% 30
#,", !
2
,05 " 1!0"!-&
0+- 35 -1#0!
-0,"! 0",-" -!+0
- #
- "! )
* 4,-- -1
-
0 #1"3!-& "1 ! -#
-
4,-- 0
0 6," ! "! 0 "0!!", 1--& "1+ !"3 3 "!05
,
1- 05+ -", 0" ",,"3&
,* .A, 0* C.?8 8'$%< %, %', C.?8 %
, 0.',< C.?8 *.A .?< <. <% 9'3 8 C.?8 .8
, 8.<< C.?8 8'$%< 9%.?*8 <.A8 C.?8 *!< 8+ 3
.**.A C.?8 *.A A'<% C.?8 C9 9 C.? 8@89 <%
+.@+,< ?,<'* C.?8 8'$%< *.A 0.',<9 <.A8 <%
'*',$ 3 %<79 / 803
/E />
< 8** < ), *@* ', 94?< 8)3 99?+
9%.8<9<.0 9<, C.?8 %'09 ) ),9 9*'$%<*C ,<
, $',9< <% 83 , .@8 <. $8 <% 8 A'<% ,
.@8%, $8'0 C.?8 %,9 (?9< .?<9' C.?8 *$9 3
<, ?0 C 0?9%',$ C.?8 %'09 !.8A8 3
/E />
7 $', A'<% ,. A'$%< ?,<'* <% B8'9 !*9 ,<?8* <%, 9<8< ',$ A'$%<93 , <% B8'9
.+9 9C !8.+ <% 8) *'!< <% 8** !8.+ <% !*..8 ?9',$ <% 9+ !.8+3
,$ !8.+ 0?**&?0 8 A'<% , .@8%, $8'0 C.?8
%,9 < <% A'<% C.? ?9 A%, C.? . ,%
0899 3 ?** C.?8 %9< ?0 <. <% 8 , %.* !.8
/E <. >E 9.,9 3 , C.? , . +.8 <%,
" 809 89'9<, A'<% A'$%< @9< .8
?+** %* <A, C.?8 !<3
"
,*90 4* ;*60 &1 9#4 4 1
16,014 :0#11
* 4 1 1#: ,&;*'40# '*81 1 #06#4- 4 ;*60 04 9 #& 144#( 6,
4 *(1 ( *:1 ( *0 4 &14 *60 :0#11 #( 4 #06#4- 14 *0 2< 4*
)< 1*(1 40 4 #(& :0#1 4 ( 0,4 4 #06#4 *( *0 49# '*0-
4?< 9*'$%<*C A'<% C.?8 !< 9%.?*8&A'<% 08<
, C.?8 8+9 .A, < C.?8 9'9 3 ?')*C B0*.
?0A8 *'!<',$ .<% 8+9 .@8% 3 , A'<% 9.!<
),9 <%, B0*. ?0 $',3
/E
<, A'<% C.?8 !< 9%.?*8&A'<% 08< , , C.?8
),9 , ?008 .C ', 0808<'., <. (?+0 3 .0
?0 <A'9<',$ C.?8 %'09 ', /E&$8 8 3 9 9..,
9 C.? *, 4?')*C (?+0 $', , <A'9< ', <%
8@89 '8<'.,3
/E
<, ,B< <. ., .8 .B <%<79 .?< !..< <** A'<%
C.?8 8+9 < C.?8 9'9 , C.?8 !< 9%.?*8&A'<%
08< 3
?+0 9'AC9 .@8 <% ., , *, A'<%
.<% !< <.$<%83 0., *,',$ '++'<*C (?+0
) .@8 <% .,3 %<79 / 803
/E
<, A'<% C.?8 8'$%< !..< ., <% !*..8 , C.?8 *!< .,
.B <%<79 .?< !..< <** 3 ?9% .!! C.?8 *!< !..<
, (?+0 9 %'$% 9 0.99'* 9A',$',$ C.?8 8+9
?0A8 <. %*0 C.? <% +.8 '8 3 A'<% *$9 ',
+''8 , *, ., <% .<%8 9' .! <% .B A'<% C.?8
!< 8@89 C.?8 8'$%< ., <% .B , C.?8 *!< ., <%
$8.?, 3 ++'<*C (?+0 , 8@89 9'9 $',3
# :
<, ., 9<?8C .B <%<79 / <. > !< <**3 , ',<.
4?8<8& <. %*!&94?< 0.9'<'., A'<% C.?8 <.9 *.9 <.
<% $ .! <% .B 3 .0 .!! , *, 9.!<*C3 '0 ',<.
4?8<8 94?< 3 ++'<*C (?+0 $', 8%',$ 9
%'$% 9 0.99'* A'<% C.?8 .?<9<8<% 8+9 3
/E
140*( 644 #1 8#4& *0
%,#( ;*6 #( '*4#*(
/ +"
* 4 1 '*81 *( 40 (*4 0 9#4 (* 014 #( 49(- ( 0,4 4 #06#4 *( '*0-
.* >& <. :&)$ ?+** C <% ,9 A'<% .<% %,93
<, A'<% C.?8 !< %'0&A'<% 08< , C.?8 8+9
9<8'$%< .?< 3 ) 9<0 A'<% C.?8 8'$%< !..< ,
<A'9< C.?8 <.89. 9 C.? , C.?8 ),9 , *.A8 C.?8
.C ?,<'* C.?8 *$9 8 < -E&$89 3 A'9< ) <.
<% ,<8 0?9% .!! C.?8 8'$%< !..< , 9<, ) ?03
0< ., <% .<%8 *$3 %<79 / 803 /E /"
7
8 ?+** ', C.?8 *!< %, , %.* '< ?0 ,B<
<. C.?8 *!< 9%.?*8 0*+ !',$ ', 3 <0 )A8
A'<% C.?8 *!< !..< , *.A8 C.?8 .C ?,<'* C.?8 ),9
8 ,< -E $89 1C.?8 *!< ), 9%.?* ,8*C <.?%
<% !*..82 A%'* 0899',$ <% ?+** '8<*C .@8 C.?8
9%.?*8 A'<%.?< ,',$ .8 *,',$ < <% A'9< 3
.A8 <% A'$%< ) <. <% 9<8<',$ 0.9'<'., 9 C.?
0?9% 4?')*C ) <. 9<,',$3 %<79 / 803
/E /"
<, A'<% C.?8 !< 08< , C.?8 <.9 <?8, .?< <
#"&$893 , ',<. 94?< A'<% C.?8 ),9 .@8 C.?8
,)*9 3 8.+ <%< 0.9'<'., 9<0 <. <% 9' A'<% C.?8
*!< !..< )0',$ C.?8 ),9 ,< ', <% 94?< 0.9'<'.,3
) 9<0 A'<% C.?8 8'$%< !..< <. 8<?8, <. <% 9<8<',$
0.9'<'., 3 .,<',? A*)',$ 9'AC9 <)',$ /E 9<09
<. <% *!< , <%, /E <. <% 8'$%<3 %<79 / 803 #
'<% 9<'*'<C ** <A, C.?8 *.A8 ) , <%
A** ?0 /E& <. /"&)$ ?+** <A, C.?8 *$9
A'<% .<% %,93 <, A'<% C.?8 !< A'8 <%, C.?8
%'09 , <?8, C.?8 <.9 .?< 3 .,<8< C.?8 9 ,
*.A8 C.?89*! !.8 # .?,<9 ?,<'* C.?8 ),9 8 < -E
$89 3 .* !.8 # 9.,9 <%, 9<, ?0
9*.A*C <. .?,< .! #3 /E /"
<, A'<% C.?8 !< %'0&A'<% 08< C.?8 8+9 < C.?8
9'9 3 ?,$ #"&$89 <. <% 8'$%< )0',$ C.?8
%'09 !',$ !.8A8 , C.?8 *!< *$ 9<8'$%< 3 ?9
<%, 8<?8, <. <% 9<8<',$ 0.9'<'.,3 %<79 / 803
/E />
'<% 9<'*'<C ** <A, C.?8 *.A8 ) , <%
A** %.* >& <. :&)$ ?+** ', % %,3 <0
!.8A8 , *, ) ',<. <% ** 3 .,<8< C.?8
9 , $*?<9 <%, *.A8 C.?8 %'09 ?,<'* C.?8 ),9 8
< -E&$893 , <%'9 0.9'<'., 8'9 C.?8 8+9 ', !8.,<
.! C.?8 .C <. 9%.?*8 %'$%< <'+9 3 '9 <. <%
9<8<',$ 0.9'<'.,3 > #
/ +"
H
&0
,' !+ $" , !0
%*"
'
H
H
'&0 +#
+ ! $" !0 %*"
'
+
0
0
0
FC )C<> >0 >K C0 'H C'0> 4,.>
=), K ,+ 0 C)- ). C' -0=.).&7 '. K0F<= =F..).& ,C >F.,K K0F= ',C'K -, )> =4, K
0 (>'04 0F&'.FC >F&=(0> ,CC 0= FCC=(>-= &, =0- C' ,0, ,)7 )- C0 =+ K0F=
=+>C ')C>7 '> )>'> = >0 >K C0 -+ C'C K0F . C I,, . >C),, -+ )C C0 I0=+ 0. C)-7
5
5
+0
+& ! $" 0 !, %*"
,'
'
0
0
B 5%+
,
%*"
'
! $"
0
" 8F)+ >I)4 C C' =)H(C'=0F&' I).0I 0= >=".& 0I. ,)-4 >.I)' C K0F=
>+ '> 0- C' ',,-=+ 0 C' -)C)0F> &0(&CC=7 FC C'=<> .0 =>0. K0F= ,F.' '> C0 >F+7 .>C 0
I0,".& 0I. &=>K >> C K0F= >+ I'K .0C -+ ,F.'C)- .*0K, I)C' 0. 0 C'> 8F)+ -,>9
0F<,, H0) C' C-4CC)0.> 0 C' ,0, &=>K >400. I)C'0FC >=)").& .K 0 K0F= C)-7
A/,A @J*"E
)@ )A
5 /4K (@/, )/K
% A0// E40E4A
A/,A L)4/*L)E
@
5
0
0
B 5%+
5
5
'0 ,0# +
!' $" ,0 !& %*"
,0
!' $"
&
0
+
,
+
! ! C' ,>C C').& K0F I.C C0 0 C= I0=+ )> >4. .0C'= I '0F=> '044).& 4=).&
>,)).& . >C)==).&7 K0F<= C)= 0 '00>).& 0.H.). 0H= ',C'K '0-(00+ )..=> 5-)C )C K0F<H I,+
C'=0F&' C' 00= I)C' >CF (=F>C 4)LL 0. C)- C00 -.K6 '=<> C' .>I= 1$(-).FC )..=> 5>=)0F>,K67 '>
=)4> = =K I)C'0FC -F' F>> I')' => F4 C)- 0= -0= )-40=C.C C>+>7
5 A9 )41N
H EA9 $1/N (@E (,1(@
'%P( )/,JE $//EA
4@1 E4@E,//A
5 A9 )4,A,1 AJ
5 J9 A)@
44. ),.1
%%( @J0/
/J )A
/@N /KA
, + +'
!+ $" !0# %*"
0
,'
!+ $" & !+ %*"
0
0
B 5%+
J1),A E)E L,// AE,A"N N4J@ AE40) L,E)4JE L@.,1( )K4 41 N4J@ L,AE/,1
H J9A A)@
@J*"E )@
5 A9@,1( 41,41 )499
4@ 7 A0// @ 41,41
)499
H A//,41A A/,
H EA9 (@,1N 0JAE@
5 EA9 A/E
H
5
, ' +
+ !, %*"
,
!0 $"
0
0
)..= )> '0F=> IK FC K0F= >C0-' )> &=0I,).&7 '0F, K0F 'H >.+9
> > ,0.& > K0F '00> I)>,K7 '. 0. =)&'C >.+).& . +K 0-40..C 0 K0F= ),K )C >K> >40=C>
.FC=)C)0.)>C 0=' 'F,-.7 :C).& H=K C'= 0= 0F= '0F=> . ',4 0.C=0, K0F= 44C)C7; C . ,>0 4=0H)
.FC=).C> K0F . 0= . C= I0=+0FC >K>
-, 7 )>H)' .FC=)C)0. 0.>F,C.C 0=
I)- )+ F. C '> >.+> . >>=C> "C C' ),,7
H 11A J19/
H A9 /,()E @4L1 AJ(@
' A449A K1,//
, @0
56 EA9 999@
5 EA9 A/E
+&0 , &
' ! %*"
,&&
!, $"
+
'
0
B 5%+