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i^kb`bpfa^aabbkcobkq^o^ rk Cgb`rqloAl^`qf+
sl*qfbkbi^l_ifd^`fÉkabbkqbkabo^ijbklpqobp Ci mobpbkqb^oqÅ`ril*ibglpabmobqbkabork^k~+
^pmb`qlpab`lkpfabo^_ibobibs^k`f^, ifpfp ab i^ k^qro^ibw^ groÅaf`^ ab i^ Cgb`r`fÉk
Al^`qfs^*pb`bkqo^o~bkbimbocfi j^qbof^iabi^p
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^dbkqb+fkafpmbkp^_ib+abi Cpq^albk`rvl?BL `^plob^iv`r~ibpplkilpmofk`fm^ibpmol_ibj^p
pbbk`rbkqo^ fk`lomlo^a^i^mripfÉkab^oobjb+ lafcf`riq^abpnrbbk`lkqo^objlp,
qbo`lkqo^ilp^ajfkfpqo^alpmloprpci^k`lpj~p
srikbo^_ibp,Cpbbpprqo^_^gl`ljl_o^wlcrboqb AA* =D;GFL=PLG
ab i^ ?ajfkfpqo^`fÉk NÑ_if`^ v mlo q^i jlqfsl
^`qr^o~+`^pf+pfkcobklvjlpqo~kalpb^gbkl^ilp Sk^ sbw nrb pb ^dlq^k ilp ob`roplp ^aj fkfp+
^odrjbkqlpl o^wlkbp nrb mrba^ mobqbkabobi qo^qfslp obdri^obp* nrba^jlp bumrbpqlp ^ i^
l_ifd^al,Qfpbibfdklo^lpbibpr_bpqfj^*ilpob+ bgb`r`fÉk`l^`qfs^,
priq^alpmrbabkpbodo^sbpbfk`irplfoobsbopf_ibp,
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Jl pbdrkal* bp nrb ^ mbp^o ab il ^kqboflo* ^_+ prp afcbobkqbp bkqfa^abp* qlj ^ rk^ ab`fpfÉk
plirq^jbkqbqla^pi^p^`qr^`flkbpabiCgb`rqlo `lk bcb`qlp bk i^ bpcbo^ groÅaf`^ m^oqf`ri^o ab
Al^`qfslab_bk`bÇfopb^ilpm^o~jbqolpnrbi^ ilp ^ajfkfpqo^alp* bpqlp qfbkbk i^ mlpf_fifa^a
Jbv+bk qla^ pr afjbkpfÉk+ bpq^_ib`b m^o^ i^p abcloj ri^o ilp ob`roplp ^ajfkfpqo^qfslp obdr+
^`qr^`flkbpabi Cpq^al*vabcloj^ m^oqf`ri^o^ i^alpbkbi?oqÅ`ril0.5abi^Jbv05222*Jbvabi
i^p obdi^p `lkqbkfa^pbk i^ Jbv04757+vpr Pb+ Nol`bafjfbkql?ajfkfpqo^qfslEbkbo^i9bpab`fo*
di^jbkql*Bb`obqlQrmobjlLÜ.47+0..1+CD+ab ob`lkpfabo^`fÉk* ^mbi^`fÉk v bk jbklp `^plp*
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klpb^rk^prboqbabsÅ^ab^iq^sbil`fa^a*pfkl bpq^o~k^nrbii^pnrbqfbkbki^mlqbk`f^ifa^aab
nrb j~p _fbk qbkd^ ^idrk^p `ros^p v pbÇ^ibp pbo bk bi crqrol l_gbql ab bgb`r`fÉk `l^`qfs^
7 : L E 9 7 J K I  /10

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nrb*pfplkbgbo`fq^a^plmloqrk^vbcf`^wjbkqb* pfabo^`fÉk*nrbbplm`flk^i*obpriq^ fj mol_^+

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_ibbki^ j^vloÅ^abilp`^plp*bkq^ k ql nrbi^ Bro^kqbqlalbpbqfbjml*biCgb`rqloAl^`qfsl*
Jbv abi Nol`bafj fbkql ? aj fkfpqo^qfsl Ebkb+ ^ibkq^almloi^ Jbvvmloi^ Ckqfa^a m^o^ i^nrb :
o^i* klpcrbow^ m^o^ q^i cfk^ifa^a ^ ^`rafo`lk qo^_^gb* qbkao~ bi `^jfkl if_ob m^o^ bgb`rq^o r
rk^krbs^ morb_^vklpbo~k jr`e^pi^pl`^+ `l^`qfs^jbkqb il ab`fafal mlo i^ ?aj fkfpqo^+ NC
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lofdfk^ij bkqbe^qlj ^ali^ab`fpfÉknrbklp qbkd^kbkprmlabo*rloabk^kal^ilp`ifbkqbpl S;L<CNL;F?M
obpriq^abpc^slo^_ib*ilnrbab^kqbj ^klklp abralobpabil_ifd^alnrbbkird^oabm^d^oib^
a^ ^ `lkl`bo `r~i bp bk bi clkal pr mlpqro^, bpqbÑiqfjl*ibbkqobdrbk*_^globpmlkp^_fifa^a*
Nlopr i^al*bi ob`roplab^mbi^`fÉk obnrbofo~ i^p prj^p ab afkbol ^i Cgb`rqlo Al^`qfsl, Jl
ab rk^ fkqbomobq^`fÉk afpqfkq^ abi^p morb_^p jfpjl*mrbabbiCgb`rqlom^p^o^abqbkbol_o^p
molar`fa^p mobsf^j bkqb l rk^ afp`rpfÉk ab bk mol`bpl*`boo^oil`^ibp*bq`,
`rbpqflkbp ab mrol abob`el v pbo~ obprbiq^
mlorkprmboflogbo~onrf`labiÉod^klnrbl of+ Qf pljlp ^_ld^alp* pbo~k ml`^p i^p sb`bp
dfk^ij bkqbql j É  i^ ab`fpfÉk nrb klp obpriqÉ bk nrb krbpqolp `ifbkqbp pb a^o~k m lo p^+
abpc^slo^_ib,R^ipbo~nrfw~pbiÑ iqfj l bpm^`fl qfpcb`elp `lk rk obpriq^al k bd^qfsl bk sÅ^
ab afp`rpfÉk `lk i^ ? aj fkfpqo^`fÉk* alkab ^aj fkfpqo^qfs^* klplqolp jfpjlp`lj l^ _l +
mlaoÅ^jlp l_qbkbo rk obpriq^al c^slo^_ib v d^alp kl bpq^objlp `lkcloj bp pf sbjlp i^
m^p^o^ obpmfo^oqo^knrfilp+p^isl ilp`^plpab l m l oqr k fa ^ a  ab `l k qfk r ^ o `lk i^ afp`rpfÉk*
obsfpfÉk*`lkrk^`e^k`bj~p+9kll_pq^kqb*pf pf sbjlp ^Ñk rk^ l m l oqr k fa ^ a  ^rknrb pb^
i^ab`fpfÉk obpriq^abpc^slo^_ib*vqfbkbi^m l + j bklo ab ob sb oqfo i^p `lp^p, Ck `lkpb`rbk+
qbk`f^ifa^aabpbobgb`rq^a^`l^`qfs^jbkqb*bi `f^* ab_bj lp ^`rafo ^i mol`bpl `lkqbk`flpl
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q^o~m^o^cfk^ifw^opr obplir`fÉk`lkbibk`^odl klpe^d^grpqf`f^, Ck bi `^j fkl* klmlabj lp bk
bumobpl^prlcf`fk^abbgb`r`fÉklbgb`rqloÅ^ m b oj fqfonrbpbbgb`rqbbi^`ql^aj fkfpqo^qfsl
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abpc^slo^_ib* qfbkb i^ fkqbk`fÉk ab nrb pb ob+ prmrbpqlpbkilpnrbaf`elmol`bafjfbkqlab_b V
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sfpb il obprbiql mlo i^ ?ajfkfpqo^`fÉk NÑ_if`^* pboprpmbkafal,
mbkp^o~`^pf^rqlj~qf`^jbkqbbk`rbpqflk^oil
^ qo^sÄp abi mol`bplgraf`f^i bkj^o`^al bk i^ AAA* D9KMKH=FKA}F <=D9=B=;M;A}F
Jbv05362nrb Pbdri^ bi Nol`bpl Alkqbk`flpl ;G9;LAN9 :
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p^islnrbbiHrbwjbaf^kqbrk^jbafa^`^rqbi^o obdi^p nrb ab_bk pbo pbdrfa^p mlo bi Cgb`rqlo M
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`bpl kl prpmbkabo~ ^ r ql j ~ qf` ^ j b k qb  ilp Bbbpbjlal*pf _fbkqfbkbi^l_ifd^`fÉkaba^o
bcb`qlpabi^ab`fpfÉk^aj fkfpqo^qfs^*bkq^kql fkf`fl ^ i^ Cgb`r`fÉk Al^`qfs^* rk^ sbw ob`f_f+
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kl `rbkqb bi ? aj fkfpqo^al `lk rk^ jbafa^ a^ i^ loabk ab i^ Ckqfa^a ^ i^ nrb mboqbkb`b* Vb
`^rqbi^onrb^pÅilafpmlkd^lildobi^ krifa^a bk`rbkqo^ i^ l_ifd^`fÉk ab prpmbkabo af`el 1
abilobprbiql^icfk^iabaf`elmol`bplgraf`f^i, mol`bafjfbkql*bkilpbuqobjlpkloj^qfslp`lk+ e+
J^ l _ qb k `fÉ k  ab i^ j bafa^ `^rqbi^o mrbab qbkfalpbkbiilp?oqÅ`rilp /4m^o^l_ifd^`flkbp -
qlj ^o s^of^p pbj^k^p l jbpbp, J^ pbkqbk`f^ klqof_rq^of^p*01bkbij^o`labi^PbsfpfÉkHr+
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Ci  m o l ` b a f j f b k q l  ab b g b ` r ` f É k  ` l ^ ` q f s ^  v pr ` r ^ o q l  f k q b o j b a f l  07/


qof_rq^of^pabilpdl_fboklpil`^ibp%v16aro^kqb prpmbkabobimol`bafjfbkqlabbgb`r`fÉk`l^`+
biob`roplabnrbg^ab i^ Jbv04757, qfs^ +  ^af`flk^ijbkqb +8 ^' Ar^kal bufpqfbo^ ^
c^sloabifkqbobp^al^kqf`fmlplm^dlp^`rbkq^
N^o^bi`^plabi^pl_ifd^`flkbpklqof_rq^of^p*i^ abijfpjlqof_rql*ob^ifw^alpbkbu`bpl*nrbkl
Jbv04757`lkqfbkbbkpr^oqÅ`ril/4,/*rk^ifpq^ pbbk`rbkqobkmobp`ofqlp9_'Ar^kalilafpmlkd^
abprmrbpqlpbpmb`Åcf`lpbkilp`r^ibpbiCgb`rqlo bi Rof_rk^i Dfp`^i* `lkclojb ^ il afpmrbpql bk
Al^`qfslab_b+_^globpmlkp^_fifa^a+prpmbkabo bi ^oqÅ`ril 16 +Jbv 04757+9 `' Ar^kal pb e^v^
bi mol`bafjfbkql8 ^' J^ abra^ e^v^ nrba^al mobpbkq^al*abkqolabilpmi^wlpabJbv*ob`ropl
buqfkdrfa^li^l_ifd^`fÉke^v^pfal`rjmifa^9_' fj m r dk ^ qlofl  ab ob`i^j^`fÉk9 ab ^mbi^`fÉk
J^abra^rl_ifd^`fÉkbpqÄmobp`ofq^9`'J^^``fÉk ^kqb i^ Krkf`fm^ifa^a Nolsfk`f^i abpbobi`^pl9
pb pfd^ `lkqo^ mboplk^ afpqfkq^ ^i M_ifd^al9 a' ^mbi^`fÉk ^kqb bi Rof_rk^i Dfp`^i l abj^ka^
Qbe^v^lj fqfal i^ klqfcf`^`fÉk^iM_ifd^al*abi `lkqbk`flpl ^ajfkfpqo^qfs^ nrb pb bk`lkqo^o^
^`ql ^ajfkfpqo^qfsl nrb pfosb ab qÅqril m^o^ i^ bk qo~jfqb8v* a' Ar^kal pb ^`obafq^ nrb pb e^
bgb`r`fÉk9b'Qbbk`rbkqobbkqo~jfqblmbkafbk+ `rj mifal`lkbi m^dlab i^ l_ifd^`fÉkqof_rq^+
qbabsbk`fjfbkqlbimi^wlm^o^i^ mobpbkq^`fÉk of^ bk`rbpqfÉk^kqblqo^ Krkf`fm^ifa^a nrbpb
P bsfpq^ b a fq^ a ^  m l o ^ ir j k l p  ab i^ D ^`riq^a ab B bob`el ab i^ S k fs b op fa ^ a  ab Jfj^

abi ob`ropl ^ajfkfpqo^qfsl ab ob`lkpfabo^`fÉk* ^qof_rvbi^ jfpj^`ljmbqbk`f^qboofqlof^i,


^mbi^`fÉk* obsfpfÉk l abj^ka^ `lkqbk`flpl+
^aj fkfpqo^qfs^ mobpbkq^a^ a bkqol abi mi^wl Bbcloj^ `ljÑk ilp krjbo^ibp /4,0 v1/,2ab
bpq^_ib`falmloJbs`lkqo^bi^`ql^ajfkfpqo^qfsl i^ Jbv 04757 bpq^_ib`bk nrb8 ^af`flk^ijbkqb
nrbpfosbabqÅqrilm^o^ i^bgb`r`fÉk*l`lkqo^bi bimol`bafjfbkqlabbgb`r`fÉk`l^`qfs^ab_bo~
^`ql^ajfkfpqo^qfslnrbabqbojfkbi^obpmlkp^+ prpmbkabopb* _^gl obpmlkp^_fifa^a* `r^kal
_fifa^aplifa^of^bkbiprmrbpql`lkqbjmi^albk bufpq^ j^ka^ql bj fqfal mlo bi Nlabo Hraf`f^i
bi^oqÅ`ril /6* krjbo^i /6,1*ab i^ Jbv047579c' bkbi`roplabrkmol`bplab^jm^oll`lkqbk+
Cufpq^`lksbkflabifnrfa^`fÉkgraf`f^ilbuqo^gr+ `flpl^ajfkfpqo^qfsl*l`r^kalpbaf`qbjbafa^
af`f^il^`rboalab^`obbalobp*ab`lkclojfa^a `^rqbi^oabkqollcrbo^abimol`bpl`lkqbk`flpl
`lk i^p kloj^p ibd^ibp mboqfkbkqbp l `r^kal ^ajfkfpqo^qfsl,Ckq^ibp`^plp*i^prpmbkpfÉkabi
bi M_ifd^al e^v^pfal ab`i^o^albk nrfb_o^9d' mol`bafjfbkqlab_bo~molar`fopbabkqolabiaÅ^
Cufpq^ obplir`fÉk `lk`bafbkal ^mi^w^jfbkql e~_fi pfdrfbkqb ^ i^ klqfcf`^`fÉk abi j^ka^ql
v-lco^``flk^jfbkqlabm^dl9e'Ar^kalpbqo^qb graf`f^i v-l jbafa^ `^rqbi^ol ab i^ mrbpq^ bk
ab bjmobp^p bk mol`bpl ab obbpqor`qro^`fÉk `lkl`fjfbkql ab i^ jfpj^ mlo bi bgb`rq^al l
m^qofjlkf^i ^i ^jm^ol ab il bpq^_ib`fal bk i^ mloqbo`bolbk`^od^al ab i^ obqbk`fÉk* bk bpqb
Jbv 056.7*Jbv Ebkbo^i abi Qfpqbj^ Alk`rop^i* Ñiqfj l`^pl*jbaf^kqbbp`ofql^agrkq^kal`lmf^
l kloj^ nrb i^ prpqfqrv^ l obbjmi^`b*lpbbk+ abij^ka^qlljbafa^`^rqbi^ovpfkmbogrf`flab
`rbkqobk`ljmobkafa^pabkqolabilp^i`^k`bp ilbpq^_ib`falbkbi^oqÅ`ril01abi^ Jbs04757
abi Bb`obql Jbv034.29b* f' Ar^kalpb^`obafq^ bkilobcbofal^i^abj^ka^abobsfpfÉkgraf`f^i,
nrbpbe^`rjmifal`lkbim^dlabi^l_ifd^`fÉk
klqof_rq^of^bk`rbpqfÉk^kqblqo^Krkf`fm^ifa^a Ci Cgb`rqlo `lkq^o~ bk q^ibp `^plp `lk 6 aÅ^p
nrbpb^qof_rvbi^jfpj^`ljmbqbk`f^qboofqlof^i e~_fibp m^o^ molkrk`f^opb pl_ob bi mbafal ab
mlo`lkcif`qlabiÅjfqbp, prpmbkpfÉkabil_ifd^albkbi`^plabi^oqÅ`ril
/4v /3 aÅ^pe~_fibp m^o^bi`^plab ilpprmrbp+
N^o^ bi `^pl ab l_ifd^`flkbp qof_rq^of^p ab ilp qlpabi 1/ ab i^ Jbv04757, Ck `^pl kl il e^d^
dl_fboklp il`^ibp* bi Cgb`rqloAl^`qfslab_bo~ abkqolabaf`elpmi^wlp*nrba^l_ifd^al^prp+
7 : L E 9 7 J K I  /10

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1./63*mr_if`^a^bkbiaf^ofllcf`f^iCiNbor^klbi bgb`rqlo`l^`qfslabifkf`flabimol`bplgraf`f^i*
aÅ^4abj^vlab0./2*pbjlafcf`Ébimob`fq^al pfkkb`bpfa^aabbpmbo^o^nrbpb^bjmi^w^all
^oqÅ`ril 01,1, ab i^ JCW 04757* ifj fq~kalpb i^ pfnrfbo^nrbi^abj^ka^pb^^ajfqfa^^qo~jfqb,
prpmbkpfÉk ^rqlj~qf`^ abi mol`bafj fbkql ab
bgb`r`fÉk `l^`qfs^ ^ ilp `^plp ab ^`qlp ^aj f+ Bb_bqbkbopbbk `rbkq^ nrb i^ prpmbkpfÉk^r+
kfpqo^qfslpnrb`lkqbkd^kl_ifd^`flkbpaba^o* qlj~qf`^qbkao~ rk^aro^`fÉk fkf`f^iab4.aÅ^p
`lkqfkr^pfbkaljrvÑqfi, e~_fibp v Ñkf`^jbkqb pb j^kqbkao~ irbdl ab
af`elmboflalpfi^AloqbQrmboflopbe^molkrk+
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afj fbkqlabbgb`r`fÉk`l^`qfs^*klpbab_bifjf+ +l_ifd^al+d^o^kqfw^bi j lkqll_gbqlabbgb`r+
q^o^^nrbiilp`^plp`rvlp^`qlp^ajfkfpqo^qfslp `fÉk`l^`qfs^jbaf^kqbmÉifw^ab`^r`fÉk*`^oq^
`bkqo^ibp `lkqfbkbk l_ifd^`flkbpaba^o*pfkl cf^kw^foobsl`^_ib*fk`lkaf`flk^ivabbgb`r`fÉk
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`rbkqo^rk`^o~`qbo`ljmibjbkq^ofll^``bplofl loabk^klj_obabi^bkqfa^a^`obbalo^ mlobi
Pbsfpq^ b a fq^ a ^  m l o ^ ir j k l p  ab i^ D ^`riq^a ab B bob`el ab i^ S k fs b op fa ^ a  ab Jfj^

abi ^`ql ^aj fkfpqo^qfsl `bkqo^i, Nlo bgbjmil* fj mloqb ab i^ l_ifd^`fÉk obkls^_ib `^a^ pbfp
bkbi`^plabrk mol`bafjfbkql^ajfkfpqo^qfsl &4'jbpbp9lbcb`qÑbi^`lkpfdk^`fÉkabi j lkql
fkf`f^al`lk i^cfk^ifa^aabnrbpbm^o^if`brk^ bufdfal^kqbbi@^k`labi^L^`fÉk*^klj_obab
l_o^+l_ifd^`fÉkabkle^`bo+nrbsfbkb^`lj+ i^AloqbQrmbofloabHrpqf`f^,
m^Ç^a^ mlo rk^ jriq^ ^il_ifd^al+l_ifd^`fÉk
ab a^o+ mlo jbklo nrb pb^ pr `r^kqÅ^, ?j_lp Qfk mbogrf`fl ab il ^kqboflo* ildo^o 4. aÅ^p e~+
^pmb`qlp pbo~k l_gbql ab obsfpfÉk graf`f^i bk _fibpabprpmbkpfÉkabrk^bgb`r`fÉk`l^`qfs^
`^plilbpqfjbmboqfkbkqbbil_ifd^al*vbkq^kql nrb obpriq^ fkj fkbkqb* kl bp ml`^ `lp^, Cpqb
i^ Jbvklbufdbq^u^qfs^jbkqbnrbi^ jriq^ pb^ mi^wlklp mboj fqfo~*bkbi`^plab ilp mol`baf+
i^l_ifd^`fÉkmofk`fm^i*q^jml`lab_boÅ^e^`boil jfbkqlpnrb e^k pfalabofs^alp^ rk mol`bpl
bibgb`rqlo`l^`qfsl,Ck`r^inrfbo`^pl*i^ fkqbo+ gr a f`f^ i `lkqbk`flpl ^aj fkfpqo^qfsl* jbglo^o
mobq^`fÉkab_boÅ^c^slob`bo^i^ajfkfpqo^al*bk krbpqo^p mlpf_fifa^abp ab ^oof_^o ^ qfbj ml ^
q^kqlpbmobprjbp^islmorb_^bk`lkqo^oflnrb rkmolkrk`f^j fbkqlobpmb`qlabrk^plif`fqra
bpÄinrfbk ^`qÑ^ `lkclojb i^ Jbv*`lkclojb^i `^rqbi^onrb_rpnrbi^prpmbkpfÉkabi^bgb`r+
mofk`fmflabNobprk`fÉkabJf`fqra obdri^albk `fÉk `l^`qfs^ aro^kqb bi mi^wl nrb arob bpqb
bi krjbo^i 7' abi ?oqÅ`ril 01. ab i^ Jbv 05222 grf`fl* nrb pfk af`e^ prpmbkpfÉk* pboÅ^ objlq^
abi Nol`bafjfbkql?aj fkfpqo^qfslEbkbo^i, mlo`rbpqflkbpab mi^wlp,

Bb bpb jlal* i^ afj bkpfÉk ab bpqb mol`bpl Ci do^k `lkqo^mbpl nrb bk`lkqo^o~ ^ pr c^slo
graf`f^imbojfqbprpmbkabo^rqlj~qf`^jbkqbbi bi Cgb`rqlo Al^`qfsl bk obi^`fÉk ^ i^ PbsfpfÉk
mol`bafjfbkqlabbgb`r`fÉk`l^`qfs^vibs^kq^o Hraf`f^i* bp ^ krbpqol bkqbkabo i^ mlpf_fifa^a
ilpbj_^odlpbkilpfkkrjbo^_ibp`^plpbknrb `lk nrb `rbkq^ ab fkqbomlkbo jbafa^p`^rqb+
i^^ajfkfpqo^`fÉkmÑ_if`^^q^`^krbpqo^p`rbkq^p i^obp mobsf^p* i^p nrb bk bpqof`ql kl a^k fkf`fl
_^k`^of^p l ilp`oÄafqlp nrb j^kqbkbjlp `lk ^i Nol`bafjfbkqlab Cgb`r`fÉk Al^`qfs^*vnrb
qbo`bolp* _^pq^kal nrb bk bi j fkrqlpfdrfbkqb _fbkrqfifw^a^pmlobiCgb`rqloAl^`qfslmrbabk+
abmobpbkq^oi^bki^ jbp^abm^oqbp`loobpmlk+ abmbkafbkalabi`^pl+ildo^oafpqfkqlpqfmlpab
afbkqb* ibp^nrbjlp `lmf^ pfjmib ^i `^odlv il bj_^odlp `lkqo^ krbpqol m^qofj lkfl+^rknrb
e^d^jlpiibd^o^ilpqbo`bolpnrbe^v^k ob`f_f+ `r^kal kl pbqo^qb ab l_ifd^`flkbpqof_rq^of^p
ali^loabkabobqbk`flkbpab_fbkal^_pqbkbopb ilpdl_fboklp il`^ibp pbbk`lkqo^o~k ifjfq^alp
:=OH<:MNL /10

ab qo^_^oi^p v-l ibs^kq^oi^p bk `^pl i^p e^v^k ^ibj_^odlabfkqbosbk`fÉkbk fkcloj^`fÉk+,

074 N f l Q ^ i ^ w ^ o

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