>@B@5B «5@>O =0H53> 2@5<5=8» 2 @><0=5 . .. 5@<>=B>20

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

-B> 2@5==> A2O7K20NB A CA8;5=85< @50:F88 A> AB>@>=K F0@A:>3> ?@028B5;LAB20. 59AB28B5;L=>, ?@>20;82H55AO 2>AAB0=85 45:01@8AB>2 @0745;8;> >AA8N =0 4> 8 ?>A;5. <5AB5 A =8< ?>381;8 8 =04564K 1>;LH59 G0AB8 <>;>4KE ;N459 =0 2>7<>6=>ABL :0:8E-;81> ?5@5<5=, 40 8 A0<0 8E =5>1E>48<>ABL ?@54AB02;O;0AL C65 =5 B0: >BG5B;82>, :0: MB> 1K;> 2 20-5 3>4K. <5==> ?>MB><>=B>2A:0O M?>E0 M?>E0 3;C1>G09H53> A><=5=8O 2> 2A5E =@02AB25==KE F5==>ABOE. 57CA;>2=>, MB> =5 <>3;> =5 >B@078BLAO =0 B2>@G5AB25 . .. 5@<>=B>20. >:070B5;LAB2>< MB>5 2 1838 3>4C AB8E>B2>@5=85 C<0, :>B>@>5 <>6=> =0720BL ?@548A;>285< : @><0=C. -B> AB8E>B2>@5=85 4KH8B ?>;=K< @07>G0@>20=85< 2 687=8, 2> 2A5E 4CE>2=KE F5==>ABOE G5;>25:0, 8 70:0=G8205BAO >=> AB@0H=K<8 AB@>:0<8, AB02H8<8 D0:B8G5A:8 ?@83>2>@>< 2A5:>;5=8N:

">;?>9 C3@N<>N 8 A:>@> ?>701KB>9 04 <8@>< 945< 157 HC<0 8 A;540, 5 1@>A82H8 25:0< =8 4>28B>9, 8 35=85< =0G0B>3> B@C40.

B0:, @><0= 5@>9 =0H53> 2@5<5=8 1K; 70:>=G5= 2 1841 3>4C, B> 5ABL ?5@54 A0<>9 A<5@BLN 5@<>=B>20. 0A;C30 8 =>20B>@AB2> 02B>@0 A>AB>8B 2 B><, GB> 53> ?@>872545=85 1K;> ?5@2K< @CAA:8< ?A8E>;>38G5A:8< @><0=><. A=>2=0O F5;L G5B:> AD>@20=0 2 ?@548A;>288: ?>:070BL A>2@5<5==>3> G5;>25:0 B0:8<, :0:8< >= O2;O5BAO =0 A0<>< 45;5, >A25B8BL 2A5 53> ?>@>:8 8 =54>AB0B:8. 0<5@5=85 MB> <>65B ?>:070BLAO =0 ?5@2K9 273;O4 A;8H:>< 45@7:8<. 59AB28B5;L=>, @0AAC640BL > GC68E =54>AB0B:0E =5 O2;O5BAO 70=OB85<, 4>AB>9=K< 25;8:>3> EC4>6=8:0, >4=0:> 2 B><-B> 8 45;>, GB> 02B>@ ?@8G8A;O5B 8 A51O A0<>3> : G8A;C B5E, :>3> E>G5B ?>425@3=CBL 15A?>I04=>AC645=8N. !;54>20B5;L=>, >= 8<55B ?>;=>5 ?@02> C:07K20BL =0 1>;57=L ?>:>;5=8O, B5< 1>;55 GB> =8:B>, :@><5 =53>, =0 MB> =5 @5H8;AO.

!0< 02B>@ >?@545;O5B, GB> 35@>9 =0H53> 2@5<5=8... MB> ?>@B@5B, A>AB02;5==K9 87 ?>@>:>2 2A53>... ?>:>;5=8O, 2 ?>;=>< 8E @0728B88.

081>;55 8=B5@5A=K< ?>:070;AO <=5 3;02=K9 35@>9 @><0=0 5G>@8=, 8 O E>B5; 1K >AB0=>28BLAO 8<5==> =0 =5<. 'B> :0A05BAO 4@C38E ?5@A>=0659 @><0=0, B> 2A5 >=8, =0 <>9 273;O4, 8<5NB A>25@H5==> >?@545;5==>5 =07=0G5=85 ?><>GL ?>;=55 @0A:@KBL E0@0:B5@ 3;02=>3> 35@>O. ;O B>3> 65 A;C68B 8 :> 78F8O @><0=0. 5;> 2 B><, GB> =>25;;K A<5I5=K 2> 2@5<5=8, B> 5ABL =5 A>>B25BAB2CNB E@>=>;>388 @0728B8O A>1KB89 2 687=8 5G>@8=0. 4=0:> 8E ?>@O4>: 2 @><0=5 A?>A>1AB2C5B ?>AB5?5==>5<, 0 A;54>20B5;L=>, ;CGH5A ;8G=>AB8.

5G>@8= O2;O5BAO B8?8G=K< AK=>< A2>53> 2@5<5=8. 0: 8 =0 <=>38E <>;>4KE ;N4OE 30-E 3>4>2, =0 =5< ;568B BO65;0O ?5G0BL @5D;5:A88, AB02H0O >A=>2=>9 G5@B>9 53> =0BC@K. C<0N, GB> =8 C :>3> =5 2>7=8:=5B A><=5=8O 2 B><, GB> 8<5==> 5G>@8= 35@>9 2@5<5=8. 0 <>9 273;O4, MB> 25AL<0 ?>G5B=>5 720=85, 254L A0<> ?> A515 A;>2> 35@>9 C65 ?>4@07C<5205B =5>1KG=>ABL, 8A:;NG8B5;L=>ABL. 59AB28B5;L=>, 5G>@8= ;CGH89 ?@54AB028B5;L A2>59 M?>E8, => ?;0B0 70 MB> 53> >48=>G5AB2>.

!CI5AB2C5B <=>65AB2> ?@85<>2 4;O @0A:@KB8O ;8B5@0BC@=>3> >1@070. 5@<>=B>2 ?@815305B : 4=52=8:0<. K3>40 MB>3> ?@85<0 2 8A:@5==>AB8 35@>O, :>B>@K9 @0A:@K205B 2 4=52=8:0E A0B05==K5 C3>;:8 A2>59 4CH8. <5==> >1 MB>< 8 3>2>@8BAO 2 ?@548A;>288 : 6C@=0;C 5G>@8=0. @><0=5 @0A:@K205BAO 8AB>@8O 4CH8 G5;>25G5A:>9, :>B>@0O, ?> <=5=8N 02B>@0, 5420 ;8 =5 ;N1>?KB=55 8 =5 ?>;57=55 8AB>@88 F5;>3> =0@>40.

?5@2>9 3;025 @><0=0 G8B0B5;L 2848B 5G>@8=0 3;070<8 0:A8<0 0:A8 5ABL 2 =5A:>;L:> C?@>I5==>< 2845. !0< 0:A8< 0:A825: C4828B5;L=> 4>1@K9 8 >B:@KBK9, O2;ONI89AO, ?> <=5=8N . . 5;8=A:>3>, B8?8G=K< ?@54AB028B5;5< @CAA:>3> =0@>40. 4=0:> >= =5 2 A>AB>O=88 4> :>=F0 ?>=OBL A;>6=K9 E0@0:B5@ 5G>@8=0, :>B>@>3>, =5A<>B@O =0 MB>, >= >G5=L ;N18B 8 AG8B05B A2>8< 4@C3><. >;L 0:A8<0 0:A8= :>=F5=B@8@C5B 2 A515 B5 :0G5AB20, :>B>@K5 ?>;=>ABLN >BACBAB2CNB C 5G>@8=0.

M;5 ?@>O2;O5BAO >A=>2>?>;030NI0O 45B0;L ;8G=>AB8 5G>@8=0 53> ?@>B82>@5G82>ABL. =5 :065BAO, GB> MB> A2845B5;LAB2C5B > =5>1K:=>25==>9 H8@>B5 =0BC@K 35@>O. 45AL 65 2?5@2K5 70<5B5= 8 53> M3>87<, >4=0:>, =0 <>9 273;O4, >= =5 ?>E>6 =0 M3>87< <0;5=L:8E 45B59. 5G>@8= 70AB02;O5B >:@C60NI8E 53> ;N459 ?>ABC?0BL B0:, :0: >= E>G5B, ?>402;OO 8E A2>8< ?@52>AE>4AB2><. <5==> MB>3> ?@52>AE>4AB20 G0AB> =5 <>3CB ?@>AB8BL 5G>@8=C, 8<5==> ?>MB>= >48=>:.

A;54CNI8E G0ABOE @><0=0 A;>6=>ABL >1@070 5G>@8=0 2>7@0AB05B, => O ?>72>;N A515 0=0;878@>20BL ?>4@>1=> :064CN 87 =8E, ?5@594O : 1>;55 45B0;L=><>B@5=8N E0@0:B5@0 3;02=>3> 35@>O 2 F5;><. %>B5;>AL 1K ?@825AB8 =5:>B>@K5 ?>;>68B5;L=K5 G5@BK 5G>@8=0, @0A:@K20NI85, =0 <>9 273;O4, 2 =5< G5;>25:0 8A:;NG8B5;L=>3>, >1;040NI53> >AB@K< 8 :@8B8G5A:8< C<><. !@07C >3>2>@NAL, 2K45;5=85 2 E0@0:B5@5 35@>O :0: ?>;>68B5;L=KE, B0: 8 >B@8F0B5;L=KE AB>@>= 25AL<0 CA;>2=>, >4=0:> MB> <>65B ?><>GL 1>;55 ?>;=> 2KOA=5=8N.

B0:, 2>-?5@2KE, 5G>@8= G5;>25: C<=K9 8 >1@07>20==K9. AC640O >:@C60NI8E, >= :@8B8G5A:8 >B=>A8BAO 8 : A515 A0<>8E 70?8A:0E >= ?@87=05BAO 2 B0:8E A2>9AB20E A2>59 4CH8, > :>B>@KE =5 7=05B =8:B>. >-2B>@KE, 2 ?>;L7C 35@>O @0A?>;0305B 8 B>, GB> >= =0BC@0 ?>MB8G5A:0O, B>=:> GC2AB2CNI0O ?@8@>4C. 1 MB>< A2845B5;LAB2C5B 70<5G0B5;L=>5 >?8A0=85 ?597060 2 =0G0;5 =>25;;K =O6=0 5@8: >74CE G8AB 8 A256, :0: ?>F5;C9 @515=:0; A>;=F5 O@:>, =51> A8=5 G53> 1K, :065BAO, 1>;LH5? 70G5< BCB AB@0AB8, 65;0=8O, A>60;5=8O?.. 5 ?@0240 ;8, =0 B0:>5 A@02=5=85 A?>A>15= B>;L:> G5;>25:, >1;040NI89 4CH>9 ?>MB0?

?>;>68B5;L=K< :0G5AB20< 5G>@8=0 <>6=> >B=5AB8 8 70<5G0B5;L=CN 53> A?>A>1=>ABL GC2AB2>20BL ;N459. = <><5=B0;L=> >B304K205B B>, GB> ?@>8AE>48B 2 4CH5 :064>3> G5;>25:0. >:070B5;LAB2> B> 7=0:> A 5@=5@><, G5;>25:>< B0:65 =5>1K:=>25==> ?@>=8F0B5;L=K<, 2> <=>3>< AE>68< A 5G>@8=K<.

5 2K7K205B A><=5=8O 8 B>, GB> 5G>@8= G5;>25: A<5;K9, GB> ?@>O28;>AL 2> 2@565B 1KBL, 53> A<5;>ABL >BG0AB8 >1JOA=O5BAO >BACBAB285< F5;8 2 687=8, => MB> C65 4@C3>9 @073>2>@.

">, GB> ?@82;5:;> <5=O 1>;55 2A53>, MB> G5AB=>ABL 8 ?>@O4>G=>ABL 3;02=>3> 35@>O. 5A<>B@O =0 <0;>?@8OB=CN 8AB>@8N A :=O6=>9 5@8, 5G>@8= 2 A0<><5=B A:070; ?@024C, E>BO MB> 1K;> 8 =5;53:>. AB0B8, 2 MB>< 65 M?87>45 =5>1KG09=> ?@>O28;0AL 8 53> A8;0 2>;8.

;O 1>;55 @5;L5D=>3> 87>1@065=8O ?>;>68B5;L=KE :0G5AB2 5G>@8=0 2 @><0= 22545= B0:>9 ?5@A>=06, :0: @CH=8F:89. !2>8<8 O2=> =5?>@O4>G=K<8 459AB28O<8 >= >BB5=O5B =081>;55 ?@82;5:0B5;L=K5 G5@BK 3;02=>3> 35@>O.

'B> :0A05BAO >B@8F0B5;L=KE AB>@>= 2 >1@075 5G>@8=0, B> MB> ?@5645 2A53> 53> 8=48284C0;87<, ?5@5@0AB0NI89 2 M3>F5=B@87<. >=5G=>, <>6=> >128=8BL 2 =5< A0<>3> 5G>@8=0, =>, 5A;8 24C<0BLAO, 345 :@>NBAO 53> 8AB>:8?

0 <>9 273;O4, ?@8G8=0<8 M3>87<0 5G>@8=0 O2;ONBAO 8 15A?;>4=>ABL >1@07>20=8O, =5 =0?@02;5==>3> =0 ?>;57=K5 F5;8, 8 >BACBAB285 @50;L=KE 2>7<>6=>AB59 ?@8;>68BL : G53@><=K5 4CH52=K5 A8;K. 4=0:>, <=5 :065BAO, A0<0O 3;02=0O ?@8G8=0 A>AB>8B 2 B>< A><=5=88, :>B>@>5 1K;> >B;8G8B5;L=>9 G5@B>9 ?>:>;5=8O 30-E 3>4>2. !><=520BLAO ?@8E>48;>AL 2> 2A5<, 8 548=AB25==K< <5@8;>< ?@>8AE>4OI8E A>1KB89 >AB020;>AL B>;L:> A>1AB25==>5 O. <5==> ?>MB>;NB=> :> 2A5@8= ?>4E>48; B>;L:> G5@57 A2>5 MB>.

0 <>9 273;O4, 5G>@8=0 =5;L7O C?@5:0BL 2 B><, GB> >= AB0; B0:8<, :0:8< < 53> 2 @><0=5. / AG8B0N, GB> >= A:>@55 4>AB>8= 60;>AB8 8 A>AB@040=8O. 5G>@8=C =54>AB05B ?>=8<0=8O 8 ;N128, 0 A 53> ?@54AB02;5=85< > AG0ABL5, :>B>@>5, :AB0B8, AD>@<8@>20;>AL ?>4 2;8O=85< A25B0, >= =8:>340 =5 1K; 1K AG0AB;82. #30AH0O ?>;>28=0 53> 4CH8 ?@>O2;O5BAO ;8HL >4=064K 2 @><0=5, :>340 5G>@8=, CB@0B82 5@C, ?>=O;, GB> ?>A;54=89 ;CG A25B0 2 53> 687=8 ?>30A. > 4065 ?>A;5 MB>3> 5G>@8= =5 A;><8;AO. = ?@>4>;60; AG8B0BL A51O E>7O8=>< A2>59 AC4L1K, >= E>B5; 27OBL 55 2 @C:8, 8 MB> 70<5B=> 2 70:;NG8B5;L=>9 =>25;;5 @><0=0 $0B0;8AB5.

70:;NG5=85 E>B5; 1K A:070BL, GB> . . 5;8=A:89 A@02=820; 4CHC 5G>@8=0 A 2KACH5==>9 7=>5< 75<;59, :>B>@0O ?>A;5 1;03>40B=KE 4>6459 <>3;0 1K @>48BL ?@5:@0A=K5 F25BK. A<5;NAL =5 A>3;0A8BLAO A <=5=85< 25;8:>3> :@8B8:0. 0 <>9 273;O4, 4CH0 5G>@8=0 45D>@<8@>20;0AL >:>=G0B5;L=> 8 70AB028BL 53> ?>;N18BL =52>7<>6=>.

/