"('*),&%)

OPzMKMOWOX^ VKX_Wt\S]K^SYX%V!SWZ\O]]SYX O^VK MYZSO K`OM_XS;>AI

( 3 <4= @13 H�:3 �CNMSQ_KE� ���EFFICACIS^2 3 �D= B@3 �3 <D7@= <<3 ; 3 <B�2 3 �<C; X@7A/B7= <�3 B�2 �7; >@3 AA7= <�

� 8�)67')�48�81-� � � # .

C<7� "% - �3 AB�C<3 �>:/B3 4= @; 3 �:= 57173 ::3 �1= <V C3 �>= C@�3 F>:= 7B3 @�B= CB�:3 �>= B3 <B73 :�2 3 A�>X@7>6X@7?C3 A�; C:B74= <1B7= <�3 B�= >B7; 7A3 @�D= B@3 �@3 B= C@�AC@�7<D3 AB7AA3 ; 3 <B��"/�AB@C1BC@3 �; = 2 C:/7@3 �2 KC<7� "% - �3 B�A= <�7<BX5@/B7= <�XB@= 7B3 �/D3 1�:3 A�; /BX@73 :A�� /<= <�>3 @; 3 BB3 <B�2 K/2 />B3 @�:3 �AGABW; 3 �/CF�1@7BW@3 A�2 3 �VgOX^\OZ\S]O'

� <�1= <B@[:/<B�:3 A�>@= 13 AACA�2 K7; >@3 AA7= <�3 B�2 3 �<C; X@7A/B7= <�2 3 A�>X@7>6X@7?C3 A�; C:B74= <1B7= <�C<7� "% - �>3 @; 3 B�/CF�@3 A>= <A/0:3 A�7<4= @; /B7?C3 A�2 K/2 ; 7<7AB@3 @�C<�AGABW; 3 �T �>/@B7@�2 KC<�A3 C:�3 <A3 ; 0:3 �2 3 �1= ; >B3 A�CB7:7A/B3 C@�3 B�2 KC<3 �0/A3 �2 3 �2 = <<X3 A��"KCB7:7A/B3 C@�0X<X47173 �2 KC<3 �7<B3 @/1B7= <�B@/<A>/@3 <B3 �/D3 1�:3 �>X@7>6X@7?C3 �; C:B74= <1B7= <��!:�>3 CB�/7<A7�/11X2 3 @�T �:K3 <A3 ; 0:3 �2 3 A�4= <1B7= <</:7BXA�A/<A�/D= 7@�T �16/<53 @�2 K7<B3 @4/13 �= C�AK72 3 <B7473 @�2 WA�?CK7:�16/<53 �2 3 �4= <1B7= <��� 3 17�@3 <2 �:3 �AGABW; 3 �B@WA�1= <D7D7/:�3 B�1= <B@70C3 �T �2 3 A�5/7<A�2 3 �>@= 2 C1B7D7BX�2 3 �:K3 <B@3 >@7A3 �

@92/87-9-7B�48)//)�48)�62-7�/% �7% -//)

C<7� "% - �AK7<BW5@3 �>/@4/7B3 ; 3 <B�/CF�AGABW; 3 A�2 K7<4= @; /B7= <A�?C3 ::3 �?C3 �A= 7B�:/�B/7::3 �2 3 �:K3 <B@3 >@7A3 ��� 3 A�:713 <13 A�2 3 �� �

A= <B�2 7A>= <70:3 A�>= C@�/AAC@3 @�:KXD= :CB7D7BX�3 B�:/�A= C>:3 AA3 �?C3 :�?C3 �A= 7B�D= B@3 �BG>3 �NgOX^\OZ\S]O'

)= <�/@167B3 1BC@3 �- 3 0�>3 @; 3 B�2 K3 FX1CB3 @�:3 �:= 57173 :�2 /<A�>:CA73 C@A�0UB7; 3 <BA�T �2 744X@3 <BA�3 ; >:/13 ; 3 <BA�= C�A7B3 A�2 /<A�:/�; 3 AC@3 �= \ �:3 A�7<4= @; /B7= <A�A= <B�13 <B@/:7AX3 A�2 /<A�C<3 �0/A3 �2 3 �2 = <<X3 A�)' "�

� 5',-7)'785)�0 2(8/% -5)

"/�4= <1B7= <</:7BX�>@7<17>/:3 �2 �C<7� "% - �>3 CB�YB@3 �XB3 <2 C3 �/D3 1�2 744X@3 <BA�; = 2 C:3 A�AC>>:X; 3 <B/7@3 A��� 6/?C3 �; = 2 C:3 �/>>= @B3 �/C�AGABW; 3 �2 3 �<= CD3 ::3 A�4= <1B7= <</:7BXA�7<BX@3 AA/<B3 A��!:�3 AB�/7<A7�>= AA70:3 �2 KXB3 <2 @3 �:3 A�/D/<B/53 A�2 KC<7� "% - �T �2 K/CB@3 A�<7D3 /CF�2 3 �D= B@3 �3 <B@3 >@7A3 ��

� 3 �:/�; 7A3 �3 <�>:/13 �2 3 �:/�4= <1B7= <�2 K7; >@3 AA7= <�AX1C@7AX3 �/CF�>= AA707:7BXA�2 K/1?C7A7B7= <�2 7@3 1B3 �2 3 A�2 = 1C; 3 <BA�2 /<A�# 71@= A= 4B�)6/@3 & = 7<B�C<7� "% - �3 AB�C<�DX@7B/0:3 �= CB7:�2 3 �53 AB7= <�B@/7B/<B�B= CA�:3 A�/A>3 1BA�2 3 �:/�0C@3 /CB7?C3 �

� � �� �= C�C<�<= ; 0@3 �7::7; 7BX�2 KCB7:7A/B3 C@A�

0F;GC6$E@FD$

=6D$4@QED$

5K;>AC6DD;@?'@?ECP=6C$=6D$

O4@?@>;6D$

8O?OCO6D

*6DE;@?$56$

=K6?D6>3=6$

5F$A2C4

'@?ECP=6$56$

=K;>A24E$

6?G;C@??6>6?E2=

/OD;=;6?46$

5F$COD62F

+?EO8C2E;@?$

2G64$=6D$

DJDEN>6D$

324<%@"46

'@?ECP=6C$

=K244ND$2FI$

AOC;A9OC;BF6D

'@?ECP=6C$

=K;>AC6DD;@?$

56D$5@4F>6?ED

-F>OC;D2E;@?$

G6CD$6%>2;=D$

6?$7@C>2ED$

>@5;!23=6D

)=FI$56$42AEFC6$

56$5@4F>6?ED$

A6CD@??6=D

&496>;?6>6?E$&496>;?6>6?E$

G6CD$=6$

AOC;A9OC;BF6$

@AE;>2=

.;=@E6$

1?;G6CD6=

,J$.C;?E

&?JH96C6

/2AA@CED$

8C2A9;BF6D

� 52326-7-21�81-� � � # �

� 2175C/)�'20 3/)7�2 3 �D= B@3 �>/@1�2 3 �>X@7>6X@7?C3 A�W_V^SPYXM^SYX'

� 20 37% & -/-6% 7-21�)7�% 8(-7�()6�-0 35)66-216

*= CB3 A�:3 A�= >X@/B7= <A�2 K7; >@3 AA7= <�3 B�2 3 �1= >73 �/7<A7�?C3 �:3 A�4@/7A�1= @@3 A>= <2 /<BA�>3 CD3 <B�4/7@3 �:K= 083 B�2 KC<�AC7D7�3 B�YB@3 �3 <@3 57AB@XA��"3 �AGABW; 3 �2 3 �@/>>= @BA�7<BX5@X�>3 @; 3 B�T �:K/2 ; 7<7AB@/B3 C@�= C�/C�A3 @D713 �47</<173 @�2 KXD/:C3 @�3 B�2 3 �1= <B@[:3 @�:3 A�1= ]BA�2 3 �16/?C3 �7; >@7; /<B3 �= C�CB7:7A/B3 C@�2 3 �D= B@3 �3 <B@3 >@7A3 ��� 3 A�7<4= @; /B7= <A�>3 CD3 <B�YB@3 �CB7:7AX3 A�2 /<A�:3 �1/2 @3 �2 KC<�/C2 7B�2 K7; >@3 AA7= <�>= C@�2 X172 3 @�2 3 A�= @73 <B/B7= <A�4CBC@3 A�2 3 A�/16/BA�2 K7; >@7; /<B3 A�= C�>= C@�72 3 <B7473 @�:3 A�X1= <= ; 73 A�>= B3 <B73 ::3 A�

�0 35)66-21�6B'85-6B)�81-9)56)//)

"3 A�B@/D/CF�1= <472 3 <B73 :A�>3 CD3 <B�YB@3 �B@/7BXA�2 3 �4/V = <�13 <B@/:3 �AC@�C<�A3 @D3 C@�2 K7; >@3 AA7= <�3 B�<3 �A= <B�7; >@7; XA�?C3 �A7�:KCB7:7A/B3 C@�AK72 3 <B7473 �AC@�C<�>X@7>6X@7?C3 ��"KCB7:7A/B3 C@�>3 CB�/::3 @�AC@�<K7; >= @B3 �?C3 :�/>>/@3 7:�T �<K7; >= @B3 �?C3 :�3 <2 @= 7B�3 <�A/16/<B�?C3 �A3 A�B@/D/CF�A3 @= <B�7; >@7; XA�3 <�B= CB3 �AX1C@7BX��

"3 A�5/A>7::/53 A�47</<173 @A�/CAA7�073 <�?C3 �:K7; >/1B�3 <D7@= <<3 ; 3 <B/:�A= <B�X5/:3 ; 3 <B�X:7; 7<XA�2 /<A�:/�; 3 AC@3 �= \ �:3 A�2 = 1C; 3 <BA�<= <�7; >@7; XA�2 /<A�C<�2 X:/7�2 X47<7�A= <B�AC>>@7; XA�/CB= ; /B7?C3 ; 3 <B�3 B�<3 �@7A?C3 <B�2 = <1�>:CA�2 3 �>@3 <2 @3 �:/�>= CAA7W@3 �AC@�:3 �0/1�2 3 �A= @B73 �2 K7; >@7; /<B3 �

� ',)0 -1)0 )17�()6�(2'80 )176�9)56�/)�3B5-3,B5-48)�/)�3/86�B'2120 -48)

"3 A�7; >@7; /<B3 A�:/A3 @�>@= 163 A�2 3 A�CB7:7A/B3 C@A�A= <B�/CAA7�>@/B7?C3 A�?C3 �1= ]B3 CA3 A�T �3 F>:= 7B3 @��C<7� "% - �>3 CB�YB@3 �1= <475C@X�>= C@�>3 @; 3 BB@3 �/CF�CB7:7A/B3 C@A�2 K7; >@7; 3 @�2 3 �>3 B7BA�B@/D/CF�AC@�:3 A�7; >@7; /<B3 A�:/A3 @�3 B�@3 2 7@753 @/�:3 A�2 = 1C; 3 <BA�D= :C; 7<3 CF�D3 @A�C<�>X@7>6X@7?C3 �; C:B74= <1B7= <�� /<= <�; = 7<A�163 @�= C�C<3 �47:3 �2 K7; >@3 AA7= <�AX1C@7AX3 �

!:�3 AB�/CAA7�>= AA70:3 �2 3 �; = 2 7473 @�:3 A�= >B7= <A�2 3 �47<7B7= <�2 3 A�B@/D/CF�A3 := <�13 @B/7<3 A�@W5:3 A��& /@�3 F3 ; >:3 �:3 A�3 ; /7:A�A= <B�B= C8= C@A�7; >@7; XA�3 <�<= 7@�3 B�0:/<1�B/<2 7A�?C3 �:3 A�2 = 1C; 3 <BA�D= :C; 7<3 CF�A= <B�B= C8= C@A�7; >@7; XA�3 <�@3 1B= �D3 @A= �>= C@�@X2 C7@3 �:3 A�1= ]BA�3 B�:3 �5/A>7::/53 �

! B'85-7B�% ''58)�()6�3B5-3,B5-48)6

� C�4/7B�2 3 �A= <�7<BX5@/B7= <�XB@= 7B3 �/D3 1�:3 A�; /BX@73 :A�; C:B74= <1B7= <A�� /<= <�C<7� "% - �>3 @; 3 B�2 3 �0:= ?C3 @�:K/11WA�<= <�/CB= @7AX�/CF�>X@7>6X@7?C3 A��"= @A?C3 �:K/11WA�3 AB�/11= @2 X�B= CB3 A�:3 A�4= <1B7= <A�CB7:7AX3 A�AC@�:3 �>X@7>6X@7?C3 �A= <B�3 <@3 57AB@X3 A�3 <�DC3 �2 3 �>@= 2 C7@3 �2 3 A�@/>>= @BA��

!:�3 AB�>= AA70:3 �2 3 �1= <B@[:3 @�:K/11WA�/CF�2 744X@3 <B3 A�4= <1B7= <A�2 C�>X@7>6X@7?C3 �3 <�4= <1B7= <�2 C�@[:3 �2 3 �:KCB7:7A/B3 C@��& /@�3 F3 ; >:3 �13 @B/7<A�CB7:7A/B3 C@A�<3 �A= <B�/CB= @7AXA�?CKT �1= >73 @�3 <�<= 7@�3 B�0:/<1�B/<2 7A�?C3 �2 K/CB@3 A�= <B�/11WA�T �:/�1= C:3 C@��

& = C@�C<3 �AX1C@7BX�; /F7; /:3 �C<3 �7; /53 �2 3 �B= CB3 �1= >73 �7; >@3 AA7= <�BX:X1= >73 �= C�<C; X@7A/B7= <�@X/:7AX3 �AC@�:3 �>X@7>6X@7?C3 �� /<= <�>3 CB�YB@3 �3 <@3 57AB@X3 �3 B�/</:GAX3 �3 <�4= <1B7= <�2 3 �; = BA�1:XA�

� )67-21�()�/�% '48-6-7-21�()�(2'80 )176

"/�; /<7>C:/B7= <�2 3 A�2 = 1C; 3 <BA�>/>73 @�3 B�2 3 A�7<4= @; /B7= <A�?CK7:A�1= <B73 <<3 <B�1= <AB7BC3 �C<�X:X; 3 <B�3 AA3 <B73 :�2 3 A�BU163 A�?C= B72 73 <<3 A�2 3 A�CB7:7A/B3 C@A��C<7� "% - �>3 @; 3 B�2 3 �<C; X@7A3 @�2 3 A�2 = 1C; 3 <BA�2 7@3 1B3 ; 3 <B�D3 @A�:K3 ; /7:�>3 @A= <<3 :�:3 �2 = AA73 @�@XA3 /C�>3 @A= <<3 :�2 3 A�CB7:7A/B3 C@A�= C�2 3 A�AGABW; 3 A�2 3 �53 AB7= <�2 = 1C; 3 <B/7@3 �A= CA�:/�4= @; 3 �2 3 �471673 @A�2 K7; /53 �6/CB3 ; 3 <B�1= ; >@3 AAXA��!:�3 AB�>= AA70:3 �2 K3 FB@/7@3 �:3 A�7<4= @; /B7= <A�1= <B3 <C3 A�2 /<A�:3 A�2 = 1C; 3 <BA�<C; X@7AXA�2 3 �4/V = <�T �@3 <A3 75<3 @�/CB= ; /B7?C3 ; 3 <B�:3 A�7<2 3 F�= C�>= C@�:3 A�1= <D3 @B7@�/C�4= @; /B�D= C:C�B3 :�?C3 �# 71@= A= 4B�- = @2 �/47<�?C3 �:KCB7:7A/B3 C@�>C7AA3 �:KX2 7B3 @�AC@�A= <�= @2 7</B3 C@�

� 7:3 �2 K7; >@3 AA7= <�AX1C@7AX3 �3 ; 0/@?CX3 �

�0 35)66-21�685�81)�-0 35-0 % 17)�1250 % /)

"3 A�7; >@7; /<B3 A�:= 1/:3 A�= C�/>>/@B3 </<B�T �2 3 �>3 B7BA�5@= C>3 A�2 3 �B@/D/7:�A= <B�A7BCX3 A�5X<X@/:3 ; 3 <B�T �>@= F7; 7BX�2 3 A�CB7:7A/B3 C@A�1= <B@/7@3 ; 3 <B�/CF�>X@7>6X@7?C3 A�; C:B74= <1B7= <A�; /7A�A= <B�6X:/A�/CAA7�>:CA�1= ]B3 CA3 A�T �3 F>:= 7B3 @��"3 A�CB7:7A/B3 C@A�A3 �A= C173 <B�@/@3 ; 3 <B�2 C�>X@7>6X@7?C3 �?CK7:A�CB7:7A3 <B�7:A�/>>C73 <B�A7; >:3 ; 3 <B�AC@�:3 �0= CB= <�O�!; >@7; 3 @�R�?C3 :�?C3 �A= 7B�:3 �1= ]B�2 K7; >@3 AA7= <��� 3 17�/�>3 C�2 K7; >= @B/<13 �>= C@�:3 A�>3 B7BA�B@/D/CF�1/@�:3 C@A�1= ]BA�A= <B�>3 C�X:3 DXA�; /7A��:3 A�>:CA�5@= A�B@/D/CF�<X13 AA7B3 <B�2 /D/<B/53 �2 K/BB3 <B7= <�

C<7� "% - �>3 @; 3 B�2 3 �>@= 47B3 @�2 C�; 3 7::3 C@�2 3 A�2 3 CF�; = <2 3 A���:3 A�7; >@7; /<B3 A�:= 1/:3 A�>3 CD3 <B�YB@3 �@XA3 @DX3 A�/CF�>3 B7BA�B@/D/CF�B/<2 7A�?C3 �:3 A�B@/D/CF�>:CA�7; >= @B/<BA�>3 CD3 <B�YB@3 �@= CBXA�2 /<A�C<3 �47:3 �2 K7; >@3 AA7= <�AX1C@7AX3 �= C�B@/<A; 7A�2 7@3 1B3 ; 3 <B�AC@�>X@7>6X@7?C3 �; C:B74= <1B7= <�2 3 �4/V = <�T �@X2 C7@3 �:3 A�1= ]BA�2 K7; >@3 AA7= <��

� C�>= 7<B�2 3 �DC3 �2 3 A�CB7:7A/B3 C@A�7:�AK/57B�B= C8= C@A�2 K/>>CG3 @�AC@�:3 �0= CB= <�k =WZ\SWO\ R��� 3 >3 <2 /<B�2 WA�?C3 �:3 A�B@/D/CF�@3 ; >:7AA3 <B�13 @B/7<3 A�1= <2 7B7= <A�7:A�A= <B�7<D7BXA�T �:3 A�2 7@753 @�D3 @A�:3 �>X@7>6X@7?C3 �:3 �>:CA�@3 <B/0:3 ��"3 A�1= <2 7B7= <A�CB7:7AX3 A�>= C@�@3 2 7@753 @�:3 A�B@/D/CF�>3 CD3 <B�D/@73 @�2 KC<3 �7; >@7; /<B3 �T �:K/CB@3 �3 B�7<1:C@3 �2 3 A�1@7BW@3 A�B3 :A�?C3 �:3 �<= ; 0@3 �2 3 �>/53 A�:3 �1= ]B�2 C�B@/D/7:�:/�>@XA3 <13 �2 3 �1= C:3 C@A�= C�:3 �:= 57173 :�NgSWZ\O]]SYX'

"KCB7:7A/B3 C@�>3 CB�16= 7A7@�2 3 �<3 �>/A�3 ; >:= G3 @�:3 �>X@7>6X@7?C3 �:3 �>:CA�@3 <B/0:3 �A7�:K/CB= @7A/B7= <�:C7�/�XBX�2 = <<X3 �>/@�:K/2 ; 7<7AB@/B3 C@��% C�073 <�:3 A�B@/D/CF�>3 CD3 <B�YB@3 �/CB= ; /B7?C3 ; 3 <B�@= CBXA�D3 @A�:3 �>X@7>6X@7?C3 �:3 �>:CA�@3 <B/0:3 �A/<A�2 = <<3 @�:3 �16= 7F�T �:KCB7:7A/B3 C@�

B'83B5)5�/)6�75% 9% 8: �6B'85-6B6�685�7287)6�/)6�-0 35-0 % 17)6

"�C<�2 3 A�>@7<17>/CF�2 XA/D/<B/53 A�2 3 �:�CB7:7A/B7= <�2 �C<�>X@7>6X@7?C3 �; C:B74= <1B7= <�>/@�@/>>= @B�T �13 ::3 �2 �C<3 �7; >@7; /<B3 �:= 1/:3 �3 AB�?C3 �:3 A�2 = 1C; 3 <BA�7; >@7; XA�@7A?C3 <B�2 �YB@3 �DCA�>/@�2 3 A�>3 @A= <<3 A�<= <�/CB= @7AX3 A��C<7� "% - �>3 @; 3 B�2 3 �AB= 193 @�:3 A�B@/D/CF�AC@�C<�A3 @D3 C@�3 B�2 3 �:3 A�7; >@7; 3 @�C<7?C3 ; 3 <B�:= @A?C3 �:�CB7:7A/B3 C@�3 AB�>@XA3 <B�2 3 D/<B�:K7; >@7; /<B3 ��

"3 A�CB7:7A/B3 C@A�>3 CD3 <B�3 <D= G3 @�:3 A�B@/D/CF�2 7@3 1B3 ; 3 <B�D3 @A�:/�47:3 �2 K7; >@3 AA7= <�AX1C@7AX3 �= C�YB@3 �@= CBXA�2 3 >C7A�C<3 �7; >@7; /<B3 �:= 1/:3 ��"3 A�CB7:7A/B3 C@A�B@/D/7::/<B�3 <�2 3 6= @A�2 C�@XA3 /C�2 3 �:K3 <B@3 >@7A3 �>3 CD3 <B�>:/13 @�:3 C@A�2 = 1C; 3 <BA�2 /<A�:/�47:3 �2 K7; >@3 AA7= <�AX1C@7AX3 �D7/�!<B3 @<3 B�3 B�:3 A�7; >@7; 3 @�?C/<2 �7:A�:3 �A= C6/7B3 <B�

� = ; ; 3 �:3 A�CB7:7A/B3 C@A�>3 CD3 <B�16= 7A7@�<K7; >= @B3 �?C3 ::3 A�7; >@7; /<B3 A�@XA3 /C�>= C@�:70X@3 @�:3 C@A�7; >@3 AA7= <A�?C3 :�?C3 �A= 7B�A= <�; = 2 W:3 �= C�A/�; /@?C3 �:3 �& 7:= B3 �+<7D3 @A3 :�2 KC<7� "% - �>3 @; 3 B�2 3 �5/@/<B7@�?C3 �:K7; >@3 AA7= <�1= @@3 A>= <2 �073 <�T �:/�2 3 ; /<2 3 �

"= @A?C3 �:KCB7:7A/B3 C@�3 AB�>@YB�T �:70X@3 @�A3 A�2 = 1C; 3 <BA�7:�AK/CB63 <B7473 �AC@�:K7; >@7; /<B3 �/C�; = G3 <�2 KC<3 �1/@B3 �2 3 �>@= F7; 7BX�2 KC<3 �1/@B3 �T �>C13 �2 KC<3 �1/@B3 �; /5<XB7?C3 �2 KC<�1= 2 3 �1= <472 3 <B73 :�= C�2 3 �A= <�<= ; �2 3 �1= ; >B3 �3 B�; = B�2 3 �>/AA3 �CB7:7A/B3 C@��"/�:7AB3 �2 3 A�B@/D/CF�3 <�/BB3 <B3 �3 AB�/44716X3 �AC@�:KX1@/<�2 C�>X@7>6X@7?C3 ��; C:B74= <1B7= <�3 B�7:�@3 AB3 �3 <1= @3 �>= AA70:3 �2 K3 <�; = 2 7473 @�:3 A�= >B7= <A�2 3 �47<7B7= <��/D/<B�2 K7; >@7; 3 @�

!; >@3 AA7= <�AX1C@7AX3 �1= ; >B/07:7BX�3 B�/163 ; 7<3 ; 3 <B�2 3 A�B@/D/CF�6% 7-6*% '7-21�()6�87-/-6% 7)856

"3 A�4= <1B7= <</:7BXA�4= C@<73 A�>/@�C<�AGABW; 3 �2 3 �53 AB7= <�0C@3 /CB7?C3 �<3 �A= <B�0= <<3 A�?C3 �A7�:3 A�CB7:7A/B3 C@A�A= <B�A/B7A4/7BA�>/@�:3 C@A�CB7:7A/B7= <A��

& = >C>�2 K/163 ; 7<3 ; 3 <B�7<B3 @/1B74��

!<B3 @4/13 �2 G</; 7?C3 �2 3 �<C; X@7A/B7= <�

� 80 B5-6% 7-21�9)56�/% �0 )66% +)5-)�6286�*250 )�0 2(-*-% & /)

+<3 �4= 7A�:KCB7:7A/B3 C@�/CB63 <B747X�AC@�:3 �>X@7>6X@7?C3 �; C:B74= <1B7= <�7:�>3 CB�<C; X@7A3 @�4/17:3 ; 3 <B�2 3 A�2 = 1C; 3 <BA�3 B�:3 A�3 <D= G3 @�>/@�3 ; /7:�= C�:3 A�3 <@3 57AB@3 @�2 /<A�:3 �AGABW; 3 �2 3 �53 AB7= <�2 = 1C; 3 <B/7@3 �2 3 �:K3 <B@3 >@7A3 �

"3 A�CB7:7A/B3 C@A�?C7�16= 7A7AA3 <B�2 K3 <D= G3 @�:3 C@A�2 = 1C; 3 <BA�>/@�3 ; /7:�>@= 1W2 3 <B�2 3 �:/�; Y; 3 �4/V = <�?C3 �AC@�C<�= @2 7</B3 C@�� 3 <�@/7A= <�2 3 �:K7<BX5@/B7= <�</B7D3 �/D3 1�# 71@= A= 4B�� F16/<53 � ��!:A�AX:3 1B7= <<3 <B�:3 A�2 3 AB7</B/7@3 A�2 /<A�:3 �1/@<3 B�2 K/2 @3 AA3 A�5:= 0/:�3 B�:3 �2 = 1C; 3 <B�<C; X@7AX�3 AB�AB= 19X�2 /<A�:3 C@�2 = AA73 @�O�# 3 AA/53 A�3 <D= GXA�R��C<7� "% - �>3 CB�>@= 1X2 3 @�T �:/�@3 1= <</7AA/<13 �

= >B7?C3 �2 3 �1/@/1BW@3 A�� % � ( � �3 B�1= <D3 @B7@�:K7; /53 �3 <�C<�4= @; /B�; = 2 747/0:3 �B3 :�?C3 �# 71@= A= 4B�- = @2 ��!:�3 AB�X5/:3 ; 3 <B�>= AA70:3 �2 K3 FB@/7@3 �2 C�B3 FB3 �3 B�2 3 A�1= 2 3 A0/@@3 A�T �2 3 A�47<A�2 K7<2 3 F/B7= <��"3 �2 = 1C; 3 <B�>3 CB�YB@3 �4= @B3 ; 3 <B�1= ; >@3 AAX�2 3 �4/V = <�T �@X2 C7@3 �:/�B/7::3 �2 3 �471673 @�3 B�:3 A�03 A= 7<A�2 3 �AB= 19/53 �= C�2 3 �0/<2 3 �>/AA/<B3 �

"K7<B3 @/1B7= <�/D3 1�:K7<B3 @4/13 �2 3 �<C; X@7A/B7= <�3 AB�2 G</; 7?C3 �3 B�>3 @A= <</:7AX3 �3 <�4= <1B7= <�2 3 �:KCB7:7A/B3 C@��"3 A�0= CB= <A�>3 @A= <<3 :A�3 B�:3 A�4:CF�2 3 �<C; X@7A/B7= <�AC7D3 <B�:KCB7:7A/B3 C@�?C3 :�?C3 �A= 7B�:3 �>X@7>6X@7?C3 �13 �?C7�>3 @; 3 B�2 3 �0X<X47173 @�2 3 A�; Y; 3 A�A3 @D713 A�7<2 X>3 <2 /; ; 3 <B�2 C�>X@7>6X@7?C3 �CB7:7AX�

� ',)0 -1)0 )17�(�81�75% 9% -/�9)56�/% �*-/)�(�-0 35)66-21�6B'85-6B)

( "3 �2 = 1C; 3 <B�3 AB�7; >@7; X�AC@�:�7; >@7; /<B3 �:/A3 @

) C<7� "% - �/</:GA3 �:3 �B@/D/7:�2 �7; >@3 AA7= <

* )7�13 �B@/D/7:�1= ; >= @B3 �>:CA�2 3 �� �>/53 A�:�CB7:7A/B3 C@�2 = 7B�2 7@753 @�A= <�B@/D/7:�D3 @A�:/�47:3 �2 �7; >@3 AA7= <�AX1C@7AX3

+ � 3 �B@/D/7:�3 AB�/:= @A�1= <A3 @DX�AC@�C<�A3 @D3 C@

, "�CB7:7A/B3 C@�A�/CB63 <B7473 �AC@�:�7; >@7; /<B3 �3 B�A/�:7AB3 �2 3 �B@/D/CF�A�/447163 ��"�CB7:7A/B3 C@�>3 CB�; = 2 7473 @�:3 A�>/@/; WB@3 A�2 �7; >@3 AA7= <�A7�<X13 AA/7@3 �/D/<B�:�7; >@3 AA7= <

- "3 �1= ]B�2 3 �B@/7B3 ; 3 <B�3 B�:3 A�X1= <= ; 73 A�XD3 <BC3 ::3 A�A= <B�1= <A75<XA�2 /<A�:/�0/A3 �2 3 �2 = <<X3 A

(

*+

, -

) *@/D/7:� L�J# = <�2 = 1�2 = 1K� = @; /B� L�� �� & �()�3% +)6 =�� �( 3 1B= D3 @A= � L�$ = <� = C:3 C@� hA_S� 5@/4/53 � L�$ = <)= C@13 �>/>73 @� L�� /AA3 BB3 ��7Yy^ L�� � � �i

�0 35)66-21�6B'85-6B)�685��17)51)7

( "�CB7:7A/B3 C@�2 3 ; /<2 3 �:�7; >@3 AA7= <�2 3 >C7A�A/�16/; 0@3 �2 �6[B3 : 3 B�:/�2 7@753 �D3 @A�:/�>/AA3 @3 ::3 �!<B3 @<3 B�2 �C<7� "% -

) C<7� "% - �>@3 <2 �:3 �B@/D/7:�AX1C@7AX�AC@�:/�>/AA3 @3 ::3 �!<B3 @<3 B

* "�CB7:7A/B3 C@�A�/CB63 <B7473 �AC@�:�7; >@7; /<B3 �3 B�A/�:7AB3 �2 3 �B@/D/CF�A�/447163 ��"�CB7:7A/B3 C@�>3 CB�; = 2 7473 @�:3 A�>/@/; WB@3 A�2 �7; >@3 AA7= <�A7�<X13 AA/7@3 �/D/<B�:�7; >@3 AA7= <�

� % 66)5)//)�5MSEQMES

9AQE%FET TMI368?

( *)

� 80 B5-6% 7-21�9)56�/% �0 )66% +)5-)�28�/)�6;67A0 )�()�+)67-21�(2'80 )17% -5)

( "�CB7:7A/B3 C@�A�72 3 <B7473 �AC@�:3 �>X@7>6X@7?C3 �; C:B74= <1B7= <�3 B�>3 CB�<C; X@7A3 @�A= <�2 = 1C; 3 <B

) C<7� "% - �3 FB@/7B�:3 A�1/BX5= @73 A�2 �7<2 3 F/B7= <�T �>/@B7@�2 C�AGABW; 3 �2 3 �53 AB7= <�2 = 1C; 3 <B/7@3

* C<7� "% - �/>>:7?C3 �:K% � ( �/C�2 = 1C; 3 <B�>= C@�@3 <A3 75<3 @�:3 A�16/; >A�2 K7<2 3 F/B7= <@

+ "�CB7:7A/B3 C@�1= <47@; 3 �:3 A�7<2 3 F�AC@�:KX1@/<�

, C<7� "% - �1= ; >@3 AA3 �:3 �2 = 1C; 3 <B

- "3 �2 = 1C; 3 <B�<C; X@7AX�3 AB�B@/<A; 7A�T �:KCB7:7A/B3 C@�>/@�; /7:�A= CA�4= @; 3 �2 3 �471673 @�# )�- = @2 �= C�/C�AGABW; 3 �2 3 �53 AB7= <�2 = 1C; 3 <B/7@3 �A= CA�4= @; 3 �2 3 �471673 @�& � � �C:B@/�1= ; >@3 AAX

*

)

, -+(

! ;67A0 )�()�+)67-21�

DNCTLEMSAIQE

1NMSQ_KE DT LNDE D!ILOQERRINM

>O] SXPY\WK^SYX] PY_\XSO] ZK\ _XS;>AIZO\WO^^OX^ K_ \O]ZYX]KLVO SXPY\WK^S[_O NONtPSXS\ VO] ]^\K^tQSO] NgSWZ\O]]SYX NOVgOX^\OZ\S]O' =V O]^ KVY\]% XYX ]O_VOWOX^ZY]]SLVO NgOWZuMRO\ VgSWZ\O]]SYX NONYM_WOX^] `YV_WSXO_b ]_\ NO ZO^S^O]SWZ\SWKX^O] VK]O\% WKS] K_]]S NO PY\MO\ VO]YZ^SYX] NgSWZ\O]]SYX ]OVYX NO] M\S^s\O]Z\tMS]' BK\ ObOWZVO% VO \O]ZYX]KLVO ZO_^ObSQO\ [_O VgSWZ\O]]SYX NO] O&WKSV]]gOPPOM^_O OX XYS\ O^ LVKXM Y_ NO Z\YZY]O\ pVg_^SVS]K^O_\ NgSWZ\SWO\ OX \OM^Y `O\]YK_&NOVp Ng_XO MO\^KSXO ^KSVVO'

6ILISASINM DE K!ACC]R AT O^QIOH^QIPTELTKSIFNMCSINM

=V ObS]^O NSPPt\OX^O] \KS]YX] ZY_\ VO][_OVVO] VO\O]ZYX]KLVO SXPY\WK^S[_O ZY_\\KS^ Qt\O\VgKMMs] K_b PYXM^SYXXKVS^t] Ng_X WuWOZt\SZRt\S[_O NSPPt\OWWOX^ OX PYXM^SYX NO]_^SVS]K^O_\]' o^KX^ NYXXt Vgt^\YS^O SX^tQ\K^SYXOX^\O _XS;>AI O^ VO] Zt\SZRt\S[_O]W_V^SPYXM^SYX] 7KXYX% VO \O]ZYX]KLVOSXPY\WK^S[_O ZO_^ NtPSXS\ NO] ZYVS^S[_O]NgKMMs] p MRK[_O Zt\SZRt\S[_O' BK\ ObOWZVO%VO] ZO\]YXXO] XgKZZK\^OXKX^ ZK] pVgOX^\OZ\S]O ZO_`OX^ K`YS\ _X KMMs] VSWS^t K_bMYZSO] OX XYS\ O^ LVKXM% ^KXNS] [_O VOZO\]YXXOV NS]ZY]O NO] PYXM^SYX] NO MYZSO% NOX_Wt\S]K^SYX O^ NO ^tVtMYZSO' 8gK_^\O ZK\^% VOZO\]YXXOV ZO_^ K`YS\ KMMs] _XS[_OWOX^ K_bMYZSO] MY_VO_\ ]_\ VO Zt\SZRt\S[_OW_V^SPYXM^SYX ]S^_t Z\s] N_ L_\OK_ N_NS\OM^O_\% ^KXNS] [_O VO] \O]ZYX]KLVO]ZO_`OX^ MYZSO\ OX MY_VO_\ [_OV [_O ]YS^VO Zt\SZRt\S[_O'

5MS^GQASINM AUEC KER RWRS]LERBACJ%NFFICE

>gKMMs] K_ Zt\SZRt\S[_O t^KX^ MYX^\wVt ZK\_XO MK\^O NO Z\YbSWS^t% _XO MK\^O p Z_MO%_XO MK\^O WKQXt^S[_O% _X MYNO MYXPSNOX^SOVY_ _X XYW Ng_^SVS]K^O_\ O^ _X WY^ NO ZK]]O'_XS;>AI ZO_^ ]gSX^tQ\O\ K_ \tZO\^YS\OZO\]YXXOV NO] _^SVS]K^O_\] NO VgOX^\OZ\S]O Y_k KZZ\OXN\O n VO] \OVK^SYX] OX^\O VO]X_Wt\Y] NO] MK\^O] O^ VO] MYWZ^O]_^SVS]K^O_\]% MO [_S ]SWZVSPSO VK ^qMRO N_]O\`SMO SXPY\WK^S[_O'

BY_\ VgOX`S\YXXOWOX^ NO X_Wt\S]K^SYX%_XS;>AI YPP\O _XO SX^tQ\K^SYX XK^S`O K`OM?SM\Y]YP^ 9bMRKXQO$#% ?SM\Y]YP^ ERK\OBYSX^$#

O^ FRO\OPY\O$#' >O] NYM_WOX^] X_Wt\S]t]ZO_`OX^ u^\O RK_^OWOX^ MYWZ\O]]t]% MO [_S\tN_S^ VgO]ZKMO NO ]^YMUKQO XtMO]]KS\O ]_\ VO]O\`O_\' >O] SXNOb ZO_`OX^ u^\O PY_\XS] ZK\Vg_^SVS]K^O_\ Y_ Z\Y`OXS\ NS\OM^OWOX^ N_NYM_WOX^ K_ WYcOX NO MYNO]&LK\\O] Y_ NO\OMYXXKS]]KXMO YZ^S[_O NO dYXO "A7D#'

EtM_\S^t MYWZVs^O NO] Zt\SZRt\S[_O]O^ NO] NYM_WOX^]' 9NIMS DE UTE DTQERONMRABKE IMFNQLASIPTE&

_XS;>AI O]^ VO MRKvXYX WKX[_KX^OX^\O VK ]tM_\S^t NO] Zt\SZRt\S[_O] O^NO] NYM_WOX^]% MO [_S ZO\WO^ _XMYX^\wVO MYWZVO^ NO VgOX`S\YXXOWOX^N_ Zt\SZRt\S[_O W_V^SPYXM^SYX'

3KTV DE SQAUAIK OEQRNMMAKIR^R

>O] PYXM^SYX] NgSWZ\O]]SYX Y_ NOX_Wt\S]K^SYX \O[_S]O] `K\SOX^ OX PYXM^SYXNO] ]O\`SMO] O^ NO] _^SVS]K^O_\]' BK\ ObOWZVO%VO ]O\`SMO MYWZ^KLSVS^t ZO_^ K`YS\ NO]ObSQOXMO] ]ZtMSKVO] ZY_\ VK X_Wt\S]K^SYXNO] PKM^_\O] `O\] _X ]c]^sWO NO QO]^SYXNYM_WOX^KS\O% ^KXNS] [_O VO ]O\`SMO NO]`OX^O] ZO_^ ]Y_RKS^O\ MYX`O\^S\ NO]MYWWKXNO] ZKZSO\ K_ PY\WK^ ?SM\Y]YP^9bMOV ZY_\ OX PKMSVS^O\ VO_\] ^\KS^OWOX^]'

_XS;>AI SXMV_^ _XO SX^O\PKMO Q\KZRS[_ONgtNS^SYX NO] PV_b NO ^\K`K_b [_S ZO\WO^ pVgKNWSXS]^\K^O_\ NO ]ZtMSPSO\ VO] KM^SYX] pKMMYWZVS\ VY\] NO VgSWZ\O]]SYX Y_ NO VKX_Wt\S]K^SYX Ng_X NYM_WOX^' 7O] PV_b NO^\K`K_b ZO_`OX^ `K\SO\ Ng_XO SWZ\SWKX^O pVgK_^\O OX PYXM^SYX NO] LO]YSX] N_ ]O\`SMO O^]_S`\O VO] _^SVS]K^O_\] [_OV [_O ]YS^ VO_\OWZVKMOWOX^' GXO SX^O\PKMO NO ^cZO QVS]]O\(NtZY]O\ ZO\WO^ NO ZO\]YXXKVS]O\ VO] PV_b NO^\K`K_b OX PYXM^SYX NO] _^SVS]K^O_\] O^ NO]Zt\SZRt\S[_O]'

<^RIKIEMCE DT Q^REAT

_XS;>AI O]^ MYXr_ ZY_\ WSXSWS]O\ VO]ZO\^_\LK^SYX] ZY_\ VgOX^\OZ\S]O OX MK] NOZ\YLVsWO] \t]OK_' >O] Zt\SZRt\S[_O]NgSWZ\O]]SYX O^ NO MYZSO ZO_`OX^ u^\OK]]YMSt] p NO] ]O\`O_\] NgSWZ\O]]SYXNS]^KX^] [_S XO XtMO]]S^OX^ ZK] NO VSOX K`OMVO ]O\`O_\ Z\SXMSZKV'

>O] ]O\`O_\] ZO_`OX^ tQKVOWOX^ u^\O\OQ\Y_Zt] "OX MV_]^O\# ZY_\ \OXPY\MO\VK \t]SVSOXMO'

>O] Zt\SZRt\S[_O] W_V^SPYXM^SYX] O_b&WuWO] ZO\WO^^OX^ NO WtWY\S]O\ VO] Nt^KSV]NO MYXXObSYX NO] _^SVS]K^O_\]% MO [_S VO_\ZO\WO^ NgKMMtNO\ p MO\^KSXO] PYXM^SYX]% ^OVVO][_O VK MYZSO% OX MK] NO ZKXXO \t]OK_'

=^CTQIS^ CNLOK]SE DER DNCTLEMSR

>!SWZ\O]]SYX ]tM_\S]tO t`S^O N!ObZY]O\ VO]NYM_WOX^] MYXPSNOX^SOV] p VK `_O NO ^Y_]'?KS] [_O ]O ZK]]O&^&SV ]S MO NYM_WOX^X!K_\KS^ ZK] Ny u^\O SWZ\SWt OX Z\OWSO\ VSO_ 4

_XS;>AI ZO\WO^ NO MKZ^_\O\ VgOX]OWLVO NO]SWZ\O]]SYX]% ZRY^YMYZSO]% X_Wt\S]K^SYX] O^^tVtMYZSO] OPPOM^_tO] O^ Ngc \OMRO\MRO\ NO]WY^] MVt] K`KX^ NO VO] ]^YMUO\ NKX] VO]c]^sWO NO QO]^SYX NO NYM_WOX^]'

=TIUI DE SNTR KER FQAIR D!ILOQERRINM

_XS;>AI KSNO VO ]O\`SMO PSXKXMSO\ p ]_S`\O O^t`KV_O\ VO] MYy^] NgSWZ\O]]SYX NO VO_\OX^\OZ\S]O% VO_\ ZO\WO^^KX^ KSX]S NgSWZ_^O\MO] MYy^] K_b NSPPt\OX^] ]O\`SMO] O^NgOPPOM^_O\ _X K_NS^ NO Vg_^SVS]K^SYX KM^_OVVO'

>O] SWZ\SWKX^O] VYMKVO]% VO] SWZ\SWKX^O]\t]OK_% VO] SWZ\SWKX^O] k Q\KXN PY\WK^ n O^VO] Zt\SZRt\S[_O] W_V^SPYXM^SYX] ZO_`OX^^Y_] u^\O ]_S`S]' 7YXMO\XKX^ VO]Zt\SZRt\S[_O] W_V^SPYXM^SYX] 7KXYX% VO]KM^S`S^t] NO MYZSO% NO ^tVtMYZSO O^ NOX_Wt\S]K^SYX ZO_`OX^ u^\O ]_S`SO] K`OMVgKM^S`S^t NgSWZ\O]]SYX' C_OV [_O ]YS^ VK ^KSVVONO VgOX^\OZ\S]O% _XS;>AI \tZYXN Z\t]OX^ 2NO] B?9 K`OM _X Zt\SZRt\S[_O _XS[_O% K_bW_V^SXK^SYXKVO] K`OM NO] MOX^KSXO] NO ]S^O]O^ NO] ]O\`O_\] OX MV_]^O\'

7RK[_O SWZ\SWKX^O ZO_^ u^\O K]]YMStO pNSPPt\OX^] Z\YPSV] NO Z\Sb% MO [_S ZO\WO^ NO]_S`\O VO] MYy^] ZK\ _^SVS]K^O_\ KSX]S [_O VO]MYy^] NgSWZ\O]]SYX SX^O\XO]' =V O]^ K_]]SZY]]SLVO NO VSWS^O\ VO XYWL\O NgSWZ\O]]SYX]NO] _^SVS]K^O_\] OX PYXM^SYX N_ L_NQO^KVVY_t' >gK_^Y\S]K^SYX NO] \O]ZYX]KLVO] ZO_^u^\O \O[_S]O K`KX^ VgSWZ\O]]SYX NONYM_WOX^] `YV_WSXO_b Y_ YXt\O_b' 8O]MOX^\O] NO MYy^ RSt\K\MRS]t] ZO_`OX^ u^\OK]]YMSt] K_b ^\K`K_b NgSWZ\O]]SYX O^ NOMYZSO% OX ]gK]]_\KX^ [_O VO L_NQO^ MY\\OM^O]^ PKM^_\t ZY_\ VO] ^\K`K_b'

=TIUI DER ^CNMNLIER

>O ]_S`S NO] MYy^] XO MYX]^S^_O [_O V!_X NO]K]ZOM^] PSXKXMSO\] N!_XS;>AI' FY_^O] VO]tMYXYWSO] \t]_V^KX^ NO V!SX]^KVVK^SYXN!_XS;>AI ]YX^ tQKVOWOX^ OX\OQS]^\tO]% MO[_S ZO\WO^ NO WO]_\O\ VO `t\S^KLVO \O^Y_\ ]_\SX`O]^S]]OWOX^' BK\ ObOWZVO% NO] tMYXYWSO]ZO_`OX^ u^\O \tKVS]tO] OX NS\SQOKX^ _X ^\K`KSV`O\] _XO SWZ\SWKX^O WYSX] MYy^O_]O Y_ OX]_ZZ\SWKX^ _X ^\K`KSV N!SWZ\O]]SYX ]tM_\S]t[_S X!K ZK] t^t SWZ\SWt'

>O] tMYXYWSO] ZY^OX^SOVVO] ZO_`OX^tQKVOWOX^ u^\O MKVM_VtO]% ZY_\ t`KV_O\V!K\QOX^ QK]ZSVVt ZK\ VO] _^SVS]K^O_\] [_SX!ObZVYS^OX^ ZK] ^Y_] VO] K`KX^KQO] NOV!SXP\K]^\_M^_\O N!SWZ\O]]SYX'

<AOONQSR GQAOHIPTER

>O ]O\`SMO PSXKXMSO\ ZO_^ MYWZ\OXN\O VOWYNO Ng_^SVS]K^SYX NO] Zt\SZRt\S[_O] pVgtMROVVO NO VgOX^\OZ\S]O O^ MYX]_V^O\ NO]\KZZY\^] ]_\ VO] _^SVS]K^O_\]% VO]Zt\SZRt\S[_O] O^ VO] Q\Y_ZO] Y_ ]_\ VO]MOX^\O] NO MYy^ RSt\K\MRS]t]'

>O] \KZZY\^] ]^KXNK\N SXMV_OX^ V!OX]OWLVONO] SXPY\WK^SYX] \O[_S]O]% ^OVVO] [_O VOZt\SZRt\S[_O VO ZV_] _^SVS]t O^ MOV_S [_S MYy^OVO ZV_] MRO\' >O] \KZZY\^] N!tMYXYWSOKPPSMROX^ V!OX]OWLVO NO] tMYXYWSO]%\tKVS]tO] O^ ZY^OX^SOVVO]% K_ MY_\] NO VKZt\SYNO `S]tO'

>O] \KZZY\^] NgKSNO NtMS]SYXXOVVO ZO_`OX^SXNS[_O\ Vgt^K^ KM^_OV NO VgOX`S\YXXOWOX^NgSWZ\O]]SYX O^ Z\t]OX^OX^ _XO KXKVc]O NO^OXNKXMO] K`OM VO Nt^KSV Ng_^SVS]K^SYX' >O]SXPY\WK^SYX] OX`S\YXXOWOX^KVO]% ^OVVO] [_OVK [_KX^S^t NgK\L\O] ]K_`t] Q\qMO pVgSWZ\O]]SYX \OM^Y `O\]Y ]YX^ tQKVOWOX^Z\t]OX^t] NKX] VO] \KZZY\^] NgKSNONtMS]SYXXOVVO'

=V O]^ tQKVOWOX^ ZY]]SLVO N!KTY_^O\ NO]\KZZY\^] ZO\]YXXKVS]t] ]S NO] SXPY\WK^SYX]]_ZZVtWOX^KS\O] ]YX^ XtMO]]KS\O]'

E_S`S NO] MYy^] O^ NO] tMYXYWSO]'9NIMS DE UTE DT REQUICE FIMAMCIEQ&

_XS;>AI ZO\WO^ NO ]_S`\O ^Y_] VO] MYy^]% VO] tMYXYWSO] O^V!SWZKM^ OX`S\YXXOWOX^KV NO V!SWZ\O]]SYX% NO VK MYZSO% NO VK^tVtMYZSO O^ NO VK X_Wt\S]K^SYX'

(

)

*

+

*

*

+

(

(

)

)

'$+&&$95$.-898

VVV%CANON%CA