FIAT PANDA 2019 Knjižica za upotrebu i održavanje (in Serbian)


?37S7JND\N ‘&5& #" 81":(1&9% OM
:’Y*%)&01)%4"’&4-"(5M_:’Y*@
81%81"’& )& %4$"1+"4>%-. #%#$"’&
qR1&+%$p a(4$1(,u #" 5"&:$%+%1&@
&,% -" (’(<.="4( 4-"4( 8(4(+4(
A.4:>%(4%#&4-" :&5& -" 01)%4& 8(4(+(
’&4-& (5 OM :’Y*6 ? (+(’ #,.9&-.@
%45%:&>%-& 4& %4#$1.’"4$ $&0,% #" <&#%
% QNU ,&’8%>& 4& 81#$"4. (#$&-"
.8&,-"4&6 W:( 01)%4& +()%,& 81"Z" M_
:’Y*@ #%#$"’ qR1&+%$p a(4$1(,u #"
8($8.4( 5"&:$%+%1& % #81"9"4( -" 0%,(
:(-" &.$(4(’4( 5",(+&4-" #%#$"’&
4& :(94%>"6 S& 8(4(+4( &:$%+%1&4-"@
8($1"04( -" 8(4(+( (:1"4.$% 81#$"4
:&5& #" 01)%4& +1&$% %#8(5 OM :’Y*6
<5<02> 0‘ H0*#P-,(’
/OWNJ
I)& +"1)%-"Y$1B%/$&@ <5" -" 81"5+%Z"4(K
X1&>$%(4 3,.# -" 8(’(= . +(B4-% %
81% 8(:1"$&4-. 4& 8(5,(<&’& #&
#,&0%’ 81%-&4-&4-"’ I#4"<@ ,"5@ 0,&$(
%$56K@ :(-% 5()+(,-&+& 1(1"Z%+&4-"
8(<(4#:" #4&<" 4& 4&-0(,-% 4&9%4 4&
81"54-(- (#(+%4% :&5& -"5&4 (5 $(9:(+&
81(:,%)&+&6
X1&>$%(4 3,.# 5",.-" :(9"=% $(9:(+" :(-%
<.0" 81%-&4-&4-" I%,% 81(:,%)&+&-. +%/" (5
(#$&,%*K@ 81"4(#"=% $&:( 8(<(4#:.
#4&<. 4& (4" :(-% 0(,-" 4&,"B. 4&
8(5,(<.63)<:*,(%&’:-U(;)<:*,(%&’:-
31%,%:(’ 8&,-"4-& #%#$"’ -" 5"&:$%+%1&46
S& &:$%+&>%-. #%#$"’& X1&>$%(4 3,.#@
81%$%#4%$" 5.<’" Xm #,6 M^H QNU ,&’8%>&
4& $&#$"1. #" 8&,%@ & 4& 5%#8,"-. #"
81%:&).-" 4&’"4#:& 8(1.:&6 U& 0%#$"
8(4(+( .:,-.9%,% #%#$"’ (8"$ 81%$%#4%$"
5.<’" Xm6
K&8
7+& A.4:>%-& 5",.-" %#8(5 81&<& (5
b_ :’Y*6 31% 81",&#:. (+" 01)%4"
&.$(’&$#:% #" %#:,-.9.-" IQNU ,&’8%>&
4& $&#$"1. (#$&-" 5& #+"$,%K % 8(4(+( #"
&:$%+%1& 9%’ 01)%4& 8&54" %#8(5 81&<&
(5 b_ :’Y*6
%!=VHWWX^
W:$%+&>%-& #%#$"’& X1&>$%(4 3,.#
.)1(:.-" "A":&$ 0,(:&5" 5%A"1"4>%-&,&
4& 81"54-(- (#(+%4%@ 8.$"’ :(9%(4(<
#%#$"’&@ :&:( 0% #" (8$%’%)(+&,& +.9&
4& ’":(- 8(5,()%6? #,.9&-. 4"81&+%,4(#$% #%#$"’& X1&>$%(4
3,.#@ 4& %4#$1.’"4$ $&0,% =" #" .8&,%$%
,&’8%>&
PDC% :(4$%4.%1&4( =" #+"$,"$%6
!"#$%"
/-’W]E %#:(1%/=&+& 4& 4&-0(,-% 4&9%4
5(#$.84( 81%-&4-&4-"@ &,% 4%-" . #$&4-.
5& <& 8(+"=&C )&$( -" 8($1"04(@ .
#+&:(’ #,.9&-.@ 0%$% (81")&4 4& :,%)&+%’
8(5,(<&’&@ %)0"<&+&-.=% 4"(81&+5&4"
1%)%:"6
/.’‘&5& %4$"1+"4%/" W]E@ % (#"$% #"
8.,#%1&4-" 8&8.9%>" :(94%>"@ 4" 8(8./$&-$"
81%$%#&:@ 4"<( 0") #$1&*& )&51B%$" #4&B4(
81%$%#4.$. 8&8.9%>.C $&:( ="$" #" )&.#$&+%$%
. 4&-:1&="’ ’(<.="’ +1"’"4.@ . #:,&5.
#& .#,(+%’& 8.$4" 8(5,(<"6
//’?:(,%:( W]E %4$"1+"4%/"@ $( -" )4&: 5&
5(,&)%$" 5( <1&4%>" 81%-&4-&4-& 84".’&$%:&
4& 8.$4. 8(5,(<.H 8($1"04( -" 5& .#8(1%$"
% 81%,&<(5%$" +(B4-. #$"8"4. 81%-&4-&4-&6
/0’U& 0% #" 8(#$%<,& ’&:#%’&,4&
"A%:(#$ :(9%(4(< #%#$"’& 8($1"0&4 -"
8"1%(5 .:,&8&4-& (5 (:( M__ :’H $(:(’
(+(< 8"1%(5& :(9"4-" 4" $1"0& 5& 0.5"
4&<,(@ 8(4&+,-&4( % 81(5.B"4(6
/1’E%#$"’ W]E 4" ’(B" 5& %)’"4%
81%1(54" )&:(4" A%)%:" % 4" ’(B" 5& .+"=&
81%-&4-&4-" :(-" )&+%#% (5 .#,(+& 4& 8.$.6
/2’E%#$"’ W]E 4" ’(B" 5& %)0"<4"
4")<(5"@ .:,-.9.-.=% % (4" .#,"5 81"+",%:"
01)%4" . :1%+%4%@ +(B4-& 8( 8(+1/%4% #&
4%#:%’ 81%-&4-&4-"’ %,% T#:%-&4-" 8( +(5%T
I&w.&8,&4%4 /3’V(<.=4(#$% W]E #%#$"’& 4" #’"-.
#" 4%:&5& %#81(0&+&$% 4& 4"(5<(+(1&4

]NS]NUD7EX

% (8&#&4 4&9%4 $&:( 5& .<1()%$" ,%94. %
0")0"54(#$ 51.<%* ,%>&6
/4’S& 81&+%,&4 1&5 W]E #%#$"’&
4"(8*(54( -" 5& 84".’&$%>% 0.5. %#$"
’&1:" % %#$" +1#$" 4& #+%’ $(9:(+%’&@ .
#&+1/"4(’ #$&4-. % 81" #+"<& . #:,&5. #
81(8%#&4(’ +1#$(’ % 81(8%#&4%* 5%’"4)%-&6
05’‘&5& 1"&<.-" V">*&4%>&, ]1&:" W##%#$
’(B" #" 9.$% 0.:& :(-& 5(,&)% %) #%#$"’&6
X( -" #&#+%’ 4(1’&,4(6 X(:(’ :(9"4-&@
51B%$" 8&8.9%>. :(94%>" 5(01( 81%$%#4.$.6
0&’S& 81&+%,&4 1&5 NEa #%#$"’&
4"(8*(54( -" 5& 84".’&$%>% 0.5.
%#$" ’&1:" % $%8& 4& #+%’ $(9:(+%’&@ .
#&+1/"4(’ #$&4-. % 81" #+"<& . #:,&5. #
81(8%#&4%’ $%8(’ % 5%’"4)%-&’&6
0-’X(:(’ "+"4$.&,4" .8($1"0" 1")"1+4(<
$(9:& #%#$"’ NEa 4&#$&+,-& # 1&5(’6
[’&-$" . +%5. 5& -" 1")"1+4% $(9&:@ 0.5.=%
5& -" ’&4-%* 5%’"4)%-& (5 4(1’&,4(<
84".’&$%:&@ %’& ’&4-" 81%-&4-&4-" (5
(#$&,%* 84".’&$%:&6
0.’3"1A(1’&4#" #%#$"’& NEa 4"
#’"-. 4&+(5%$% +()&9& 4& 0"#8($1"04"
% 4"(81&+5&4" 1%)%:"6 3(4&/&4-" +()&9&
’(1& 0%$% .+": 81%,&<(Z"4( .#,(+%’&
8(5,(<" 4& 8.$.@ +%5,-%+(#$% % #&(01&=&-&6
75<(+(14(#$ )& 0")0"54(#$ . #&(01&=&-.
.+": % #+&:&:( #4(#% +()&96
0/’NEa#%#$"’4"’(B"5&%)’"4%
81%1(54" )&:(4" A%)%:" % 4" ’(B" 5& #’&4-%
81%-&4-&4-& :(-" )&+%#% (5 .#,(+& 4& 8.$.6
00’E%#$"’ NEa 4" ’(B" 5& %)0"<4"
4")<(5"@ .:,-.9.-.=% % (4" .#,"5 81"+",%:"
01)%4" . :1%+%4%@ +(B4-& 8( 8(+1/%4% #&
4%#:%’ 81%-&4-&4-"’ %,% T#:%-&4-" 8( +(5%T
I&w.&8,&4%4 01’V(<.=4(#$% NEa #%#$"’& 4" #’"-.
#" 4%:&5& %#81(0&+&$% 4& 4"(5<(+(1&4% (8&#&4 4&9%4 $&:( 5& .<1()%$" ,%94. %
0")0"54(#$ 51.<%* ,%>&6
02’S& 81&+%,&4 1&5 WEJ #%#$"’&
4"(8*(54( -" 5& 84".’&$%>% 0.5. %#$"
’&1:" % %#$" +1#$" 4& #+%’ $(9:(+%’&@ .
#&+1/"4(’ #$&4-. % 81" #+"<& . #:,&5. #
81(8%#&4(’ +1#$(’ % 81(8%#&4%* 5%’"4)%-&6
03’3"1A(1’&4#" #%#$"’& WEJ 4"
#’"-. 4&+(5%$% +()&9& 4& 0"#8($1"04"
% 4"(81&+5&4" 1%)%:"6 3(4&/&4-" +()&9&
’(1& 0%$% .+": 81%,&<(Z"4( .#,(+%’&
8(5,(<" 4& 8.$.@ +%5,-%+(#$% % #&(01&=&-&6
75<(+(14(#$ )& 0")0"54(#$ . #&(01&=&-.
.+": % #+&:&:( #4(#% +()&96
04’WEJ #%#$"’ 4" ’(B" 5& %)’"4%
81%1(54" )&:(4" A%)%:" % 4" ’(B" 5& #’&4-%
81%-&4-&4-" :(-" )&+%#% (5 .#,(+& 4& 8.$.6
15’E%#$"’ WEJ 4" ’(B" 5& %)0"<4"
4")<(5"@ .:,-.9.-.=% % (4" .#,"5 81"+",%:"
01)%4" . :1%+%4%@ +(B4-& 8( 8(+1/%4% #&
4%#:%’ 81%-&4-&4-"’ %,% T#:%-&4-" 8( +(5%T
I&w.&8,&4%4 1&’V(<.=4(#$% WEJ #%#$"’& 4" #’"-.
#" 4%:&5& %#81(0&+&$% 4& 4"(5<(+(1&4
% (8&#&4 4&9%4 $&:( 5& .<1()%$" ,%94. %
0")0"54(#$ 51.<%* ,%>&6
1-’E%#$"’ i]W 4" ’(B" 5& 8(+"=&
81%-&4-&4-" 84".’&$%:& 4& 8.$ 81":(
<1&4%>& 81(8%#&4%* )&:(4%’& A%)%:"H .+":
8&B,-%+( +()%$" . )&+%#4(#$% (5 .#,(+& 4&
:(,(+().6
1.’E%#$"’ i]W 4" ’(B" 5& %)0"<4"
4")<(5"@ .:,-.9.-.=% % (4" .#,"5 81"+",%:"
01)%4" . :1%+%4%@ +(B4-& 8( 8(+1/%4% #&
4%#:%’ 81%-&4-&4-"’ %,% T#:%-&4-" 8( +(5%T
I&w.&8,&4%4 1/’E%#$"’ i]W -" #&’( 8(’(= 81% +(B4-%
&.$(’(0%,&6 ;()&9 ’(1& .+": 5& 0.5"
(81")&4 81%,%:(’ +(B4-"6 75<(+(14(#$ )&
+(B4-. .+": -" 4& +()&9.6 V(<.=4(#$% i]W#%#$"’& 4" #’"-. #" 4%:&5& %#81(0&+&$% 4&
4"(5<(+(1&4 % (8&#&4 4&9%4 $&:( 5& +()&9
.<1()% ,%94. 0")0"54(#$@ 0")0"54(#$
51.<%* 8.$4%:& . +()%,% % #+%* (#$&,%*
.9"#4%:& . #&(01&=&-.
<5<02>5 94 /!>!M
. :!@7;5
<5<02> A3A HA,-\ 3*#Z%
A(’-*(OJ
I)& +"1)%-"Y$1B%/$&@ <5" -" 81"5+%Z"4(K
]ZY]]Y]_Y]‘Y]^Y
[]Y[_Y[‘Y[^YXWYXVYX[Y
J"9 -" ( #%#$"’. :(-% 8(’&B" . +(B4-%@
:(-% #" #&#$(-% (5 ,&#"1#:(< #"4)(1&
#’"/$"4(< 4& <(14-"’ 5",. +"$1(01&4&
#,6 MO@ :(-% ’(B" 5& 5"$":$.-" 81%#.#$+(
+()%,& :(-& #" 4&,&)" . 0,%)%4% +&/"<
+()%,& %@ . #,.9&-. 4"%)0"B4(< 9"(4(<
#.5&1&@ 1"&<.-" $&:( /$( &.$(’&$#:%
:(9% +()%,( :&:( 0% #" %)0"<&( .5"# %,%
:&:( 0% #" .0,&B%,% 4-"<(+% "A":$%6
%"=VHWW\V


E%#$"’ -" &:$%+&4 #&’( &:(H
-" :(4$&:$ :,-.9 . 8(,(B&-. VWJC
-" 01)%4& +()%,& %)’"Z. M % b_ :’Y*C
#%<.14(#4% 8(-&#"+% 81"54-%* #"5%/$&
#. +")&4%6
V(<.=" -"@ ’"Z.$%’@ 5"&:$%+%1&$% I%
8($(’ 1"&:$%+%1&$%K #%#$"’ 5",.-.=% 4&
V"4% %) E"$.8F& 4& 5%#8,"-.6 E%#$"’
%4$"1+"4%/" . #%$.&>%-&’& :&5& 8(#$(-%
1%)%: (5 9"(4(< #.5&1&@ & +()&9 4%-"
81%$%#4.( 4& +1"’" 8&8.9%>. :(94%>"6
?:(,%:( #%#$"’ 5"$":$.-" ’(<.=4(#$
#.5&1& #& +()%,(’ :(-" #" 4&,&)% %#81"5@
+()%,( #" ’(B" 81%81"’%$% 4& ’(<.="
81%4.54( :(9"4-"6
?:(,%:( +()&9 4" .1&5% 4%/$& 5& %)0"<4"
#.5&1@ #%#$"’ ’(B" &.$(’&$#:% 5&
.#8(1% +()%,( :&:( 0% 81%81"’%( +()%,(
4& ’(<.= #.5&16
? #,.9&-. (8(#$% (5 #.5&1&@ :&5&
#" 1"<%#$1.-" 5& -" +()&9 81%$%#4.(
8&8.9%>. :(94%>"@ &,% &:( $&- 81%$%#&:
4%-" 5(+(,-&4@ #%#$"’ ’(B" 5& 1"&<.-"@
(8$%’%).-" 1"&:>%-. :(9%(4(< .1"Z&-& %
#’&4-% 01)%4. +()%,&6
? #,.9&-. +(B4-" 8.$"+%’& #& +",%:%’
4&<%0(’@ #%#$"’ ’(B" 5& %4$"1+"4%/"
4&:4&54%’ .$%>&-"’ 4& :(9%(4% .1"Z&-6
A-56(:-;&D$&5$lD$"+;(;$-4"4H
4&:(4 %4$"1+"4>%-" &.$(’&$#:" :(94%>"@
#%#$"’ E$&1$oE$(8 =" #" &:$%+%1&$%
(4&:( :&:( -" (8%#&4( . 8&1&<1&A.
TE%#$"’ E$&1$oE$(8T . 8(<,&+,-.
q3(:1"$&4-" +()%,& % +(B4-&u6
A-56(:-;&5*,’(44-’:&,-4H :&5&
#" )&+1/% &.$(’&$#:( :(9"4-"@ ’($(1 0%
’(<&( 5& #" )&:(9% % %#:,-.9% (#%’ &:(
+()&9 4" 81%$%#4" 8&8.9%>. :+&9%,&6
?37S7JND\N D&:(4 )&.#$&+,-&4-&
+()%,&@ :(9%(4" 9",-.#$% ’(<. 5&
(#$&4. 0,(:%1&4" (:( O #":.45" %)
0")0"54(#4%* 1&),(<&6 70&+")4(
81%$%#4%$" 8&8.9%>. :(94%>" .:(,%:(
+()%,( 0,&<( :1"4"6
?37S7JND\N E%#$"’ #"
1P&:$%+%1&
81% .0&>%+&4-. . 1%:+"1>6 E%#$"’ #"
1P&:$%+%1& :&5& #%<.14(#4% 8(-&#"+%
81"54-%* #"5%/$& 4%#. +")&4%6
3)<:*,(%&’:-U(;)<:*,(%&’:-
V(<.=" -" 5"&:$%+%1&$% I% 8($(’
1"&:$%+%1&$%K #%#$"’ 5",.-.=% 4& V"4% %)
E"$.8F& 4& 5%#8,"-.6
A"9’:&*+";-7’(4*;<"%(4&
? (51"Z"4%’ .#,(+%’& +(B4-"@ :&( 4&
81%’"1H
+(B4-& . 0,%)%4% :1%+%4" I+%5"$% #,6 MbKC
+()%,& ’&,%* 5%’"4)%-& %Y%,% 4"8(1&+4&$%
#& $1&:(’ I+%5"$% #,6 MdKC
81(’"4& $1&:" (5 #$1&4" 51.<%*
+()%,& I+%5"$% #,6 MMKC %4$"1+"4>%-&
#%#$"’& ’(B" 5& 0.5" 4"(9":%+&4&
%,% #& )&:&/4-"4-"’6 [) $(< 1&),(<&@
+()&9 ’(1& .+": 5& +(5% 1&9.4& % 5&:(4$1(,%/" +()%,( :&:( 0% +(B4-& 0%,&
8($8.4( 0")0"54&6
%#=VHWW\[
%$=VHWW\X

]NS]NUD7EX

%%==VHWW\\
?37S7JND\N ? #,.9&-. +(B4-" 8(
8.$"+%’& . 0,%)4% 51+"=& #& %#$.1"4%’
<1&4&’& :(1%#4( -" 5"&:$%+%1&$% #%#$"’
5& 0% #" %)0"<,( 5& 81%#.#$+( <1&4& .
+%#%4% *&.0" %,% +"$1(01&4#:(< #$&:,&
.$%9. 4& 1&5 #%#$"’&6
<5<02> ,0/><
H5’R,*%P- 0\*% /*%NNW*%
>(’,-(*,’[ <\N-%U Y
<,N-%U &# ,’R,*%Z-’W
Z(’-*(OW )*,-,NZ# W
[WU#U#J
I)& +"1)%-"Y$1B%/$&@ <5" -" 81"5+%Z"4(K
_WY_VY_[Y_XY_\Y_ZY
;()%,( ’(B" %’&$% #%#$"’ )& 81&="4-"
81%$%#:& . 84".’&$%>%’& %X3VE I[45%1">$
Xp1" 31"##.1" V(4%$(1%4< Ep#$"’K :(-%
8.$"’ #"4)(1& 01)%4" $(9:(+& ’(B" 5&
81&$% #$&4-" 4&8.’8&4(#$% 84".’&$%:&6
E%#$"’ .8()(1&+& +()&9& . #,.9&-. 5&
-" -"5&4 %,% +%/" 84".’&$%:& %)5.+&4@8&,-"4-"’ ,&’8%>" :(-& 4"81":%54(
#+"$,%
4& %4#$1.’"4$ $&0,% % 81%:&)(’
4& 5%#8,"-. (5<(+&1&-.=" 8(1.:"
.8()(1"4-&6
?:(,%:( -" #&’( -"54& <.’& %)5.+&4&@
#%#$"’ ’(B" 5& .:&B" 4& 4-"4 8(,(B&-H
%8&: #" 81"8(1.9.-" 81(+"1& 81%$%#:& 4&
#+& 9"$%1% 84".’&$%:&6
7+& #%<4&,%)&>%-& #" 81%:&).-" 9&: % :&5&
#" ’($(1 .<&#% & 8($(’ .8&,%@ #+" 5(:
#" 4" %)+1/% 81(>"5.1& JNENX6
!5"@-8*5&5-;-$"%&’:&
E%#$"’. %X3VE -" 8($1"04& 8(9"$4&
A&)& r#&’(.9"4-&u I9%-" $1&-&4-" )&+%#%
(5 #$%,& +(B4-" % .#,(+%’& 4& 8.$.H
(8$%’&,4% .#,(+% #. 81&+(,%4%-#:& +(B4-&
01)%4(’ (5 P_ :’Y* 4&-’&4-" O_
’%4.$&K@ :(-& 8(9%4-" 1"#"$(+&4-"’6
J"#"$(+&4-" #" ’(1& %)+1/%$%H
#+&:% 8.$ :&5& #" 81(’"4% 81%$%#&:
84".’&$%:&C
% :&5& #" )&’"4-.-" #&’( -"5&4
84".’&$%:C
:&5& #" 84".’&$%>%
1($%1&-.Y)&’"4-.-. ’"#$&C
:&5& #" ’(4$%1& 8(’(=4% $(9&:6
31" #81(+(Z"4-& 8(#$.8:& 1"#"$(+&4-&@
4&5.+&-$" <.’" 5( 81(>"4-"4%*
+1"54(#$% 81%$%#:& 4&)4&9"4%* .
$&0",% 81%$%#:& 4&5.+&+&4-& I+%5"$%
(5",-&: TX(9:(+%T . 8(<,&+,-. TX"*4%9:%
8(5&>%TK6W:( #" 4" %)+1/% J"#"$@ . #+%’ <(1"
4&+"5"4%’ #,.9&-"+%’&@ ,&’8%>&
’(B" 5&$% 4"$&94" #%<4&," ( -"54(’ %,%
+%/" 84".’&$%:&6
U& 0% #$" %)+",% JNENX@ #& )&.#$&+,-&4%’
+()%,(’ % .1"Z&-"’ )& 8(:1"$&4-" .
8(,(B&-. VWJ@ 5",.-$" 4& R,&+4% ’"4%
4& #,"5"=% 4&9%4H
:1&$:( 81%$%#4%$" $&#$"1@ 5%#8,"- ="
81%:&)&$% 4&$8%# J"#"$C
81%$%#4%$" $&#$"1%,%5& %)+1/%$"
%)0(1 ITt"#T %,% TD(TKC
:1&$:( 81%$%#4%$" $&#$"1@ 5%#8,"- ="
81%:&)&$% 4&$8%# Ta(4A%1’TC
81%$%#4%$" $&#$"1%,%5& 0%
#$" %)+1/%,% %)0(1 ITt"#T )& %)+1/"4-"
81(>"5.1" TJ"#"$ T %,% TD(T )& %),&) %)
+%5"( 81%:&)&KC
8(4(+( 81%$%#4%$" $&#$"15.<%’
81%$%#:(’ )& 8(+1&$&: 4& #$&45&154%
81%:&) %,% <,&+4% ’"4% . )&+%#4(#$% (5
’"#$& 4& :(’ #" 4&,&)% ’"4%6
D& :1&-. 8(#$.8:& 1"#"$(+&4-& 4&
":1&4. =" #" 81%:&)&$% 8(1.:& qE&+"5
1"#"$T ITJ"#"$(+&4-" #&9.+&4(TK
:(-& 8(:&).-" 5& -" )&8(9"$& A&)&
#&’(.9"4-&6
3;<"%(5&8&
E%#$"’ -" &:$%+&4 4& 01)%4&’& +"=%’ (5
^M :’Y*6
? 4":%’ #%$.&>%-&’&@ :&( /$( -"
#8(1$#:& +(B4-&@ (51"Z"4% .#,(+% 4&
:(,(+(). I4816 ,"5@ #4"<@ ($8&5666K


#%<4&,%)&>%-& #" ’&,( :%-" -&+,-&
%,% 5",%’%94( %)4(#% %#$(+1"’"4.
%)5.+&4(#$ +%/" 84".’&$%:&6
? (51"Z"4%’ .#,(+%’& I4816 +()%,(
4%-" 1&+4(’"14( (8$"1"="4( #&
-"54" #$1&4"@ +.9& 81%:(,%>"@ (/$"="4
%,% %#$1(/"4 84".’&$%:@ .8($1"0&
8(’(=4(< $(9:&@ .8($1"0& :(’8,"$&
T2%voR(T@ .8($1"0& ,&4&>& )& #4"<@
.8($1"0& 1&),%9%$%* 84".’&$%:& 4&
(#(+%4%K@ #%#$"’ ’(B" 5& 5&-" ,&B4"
#%<4&," %,% 5& #" 81%+1"’"4( %#:,-.9%6
W:( #" #%#$"’ 81%+1"’"4( %#:,-.9%@
,&’8%>&
$1"8"1% . $1&-&4-. (5 (:( fM
#":.45%@ & 4&:(4 $(<& (#$&-" 5& #+"$,%
4"81":%54(C %#$(+1"’"4( #" 4& 5%#8,"-.
81%:&).-" (5<(+&1&-.=& 8(1.:&6
7+( .8()(1"4-" #" 81%:&).-" 9&: % :&5&
#" ’($(1 .<&#% & )&$%’ 8(4(+( .8&,%@
#+&:% 8.$ :&5& #" 8(4(+( 4" .#8(#$&+"
.#,(+% 81&+%,4(< A.4:>%(4%#&4-&6
!"#$%"
10’E%#$"’ -" #&’( 8(’(= 81% +(B4-%
&.$(’(0%,&H +()&9 ’(1& .+": 5& 0.5"
(81")&4 81%,%:(’ +(B4-"6 ?+": -" +()&9 $&-
:(-% -" (5<(+(1&4 )& +(B4-. % ’(1& 5& .)’"
. (0)%1 (:(,4(#$% . #&(01&=&-. :&:( 0%
+(B4-& 0%,& 0")0"54&6 ;()&9 -" .+": 5.B&4
5& (51B&+& 81&+%,4. .5&,-"4(#$ (5 +()%,&
:(-" -" %#81"5 4-"<&6
11’W:(@ $(:(’ %4$"1+"4>%-" #%#$"’&@
+()&9 5( :1&-& 81%$%#4" 8&8.9%>. <&#& %,%
4&<,( (:1"4" +(,&4@ ’(B" 5(=% 5( 81":%5&&.$(’&$#:(< :(9"4-& I4816 :&:( 0% #"
(’(<.=%,( "+"4$.&,4( .81&+,-&4-" 1&5%
01)(< %)0"<&+&4-& 4":" 81"81":"K6
12’S1&: ,&#"1& 4%-" +%5,-%+ <(,%’ (:(’6
D"’(-$" 5%1":$4(@ %,% :(1%#$"=% (8$%9:"
%4#$1.’"4$" I4816 #(9%+&K@ <,"5&$% . )1&:
,&#"1& #& 1&)5&,-%4" ’&4-" (5 ^_ >’ -"1
’(B" (/$"$%$% +%56 S1&: ,&#"1& -" 81%#.$&4
9&: % :&5& -" :(4$&:$ :,-.9 . 8()%>%-% VWJ@
&,% -" A.4:>%-& %#:,-.9"4&@ 4"5(#$.84& %,% -"
1.94( 5"&:$%+%1&4& 81":( V"4%-& %) E"$.8F&
4& 5%#8,"-.6
13’E%#$"’ 1"&<.-" 4& +()%,& :(-& #" :1"=.
. #+(-%’ $1&:&’&6 V"Z.$%’@ 4" 1"<%#$.-. #"
+()%,& ’&,%* 5%’"4)%-& I4816 0%>%:,"@ ’($(1%K
%,% (#(0"@ B%+($%4-" %,% 81"5’"$% I4816 5"9%-&
:(,%>&K :&( % <"4"1&,4( #+" 81"81":" :(-"
%’&-. 4%#:. 1"A,":#%-. #+"$,(#$% :(-. "’%$.-"
,&#"1 I4816 +()%,& %#81,-&4& 0,&$(’K6
14’? #,.9&-. :&5& +()%,(@ .#,"5
(51B&+&4-&@ ’(1& 5& 0.5" 8(#$&+,-"4( 4&
8(#$(,-" # +&,->%’& I81% 01)%4% %)’"Z. M %
b_ :’Y*K %,% 81%,%:(’ 81&4-& . &.$(’&$#:%’
&.$( 8"1%(4%>&’& % :&5& #" . 81"54-"’
5",. 4&,&)% 81"81":& I4& 81%’"1 51.<(
+()%,(@ )%5 %,% 4":& 51.<& 81"81":&K@ #%#$"’
0% ’(<&( 5& 1"<%#$1.-" 81%#.#$+( % 5&
(51"&<.-"6 ? $(’ #,.9&-. -" 4"(8*(54( 5&
#" #%#$"’ 5"&:$%+%1& 5",.-.=% 4& V"4% %)
E"$.8F& 4& 5%#8,"-.6
25’?:(,%:( #%#$"’ #%<4&,%)%1& 8&5 81%$%#:&
. 4":(’ (51"Z"4(’ 84".’&$%:.@
81"8(1.9.-"’( 5& 81(+"1%$" 81%$%#&: . #+&
9"$%1%6
2&’E%#$"’ %X3VE 4" (#,(0&Z&
+()&9& (0&+")" 5& 81(+"1% 81%$%#&: .
84".’&$%>%’& #+&:(< ’"#">&C 4"
$1"0& <& #*+&$%$% :&:( )&’"4#:% #%#$"’
(51B&+&4-& %,% 0")0"54(#$%6
2-’31%$%#&: 84".’&$%:& $1"0& 81(+"1&+&$%
#& *,&54%’ 84".’&$%>%’&6 ?:(,%:(@ %)
0%,( :(< 1&),(<&@ 81(+"1&+&$" 81%$%#&: .
)&<1"-&4%’ 84".’&$%>%’&@ 4" #’&4-.-$"
81%$%#&: 9&: % &:( -" %)4&5 81"5+%Z"4"
+1"54(#$%@ 4"<( 8(4(+%$" 81(+"1. :&5& #"
84".’&$%>% (*,&5"6
2.’E%#$"’ %X3VE 4%-" . #$&4-. 5&
#%<4&,%)%1& %)4"4&54" <.0%$:" 81%$%#:& .
84".’&$%>%’& I4816 8.>&4-" 84".’&$%:&K6
? $(’ #,.9&-.@ )&.#$&+%$" +()%,( $&:( /$(
="$" 8&B,-%+( :(9%$% 0") 4&<,(< >%’&4-&
+(,&4&6
2/’E%#$"’ #&’( 5&-" .8()(1"4-" 4& 4%)&:
81%$%#&: . 84".’&$%>%’&H 4%-" . #$&4-. 5& %*
4&8.’8&6
20’D"5(+(,-4& 4&8.’8&4(#$ 84".’&$%:&
8(+"=&+& 8($1(/4-. <(1%+&@ #’&4-.-" +":
<&)"="< #,(-& % ’(B" .$%>&$% 4& 0")0"54.
.81&+,-%+(#$ +()%,&6
(!)*)+,$%,
-1’Q&#"1 #"4)(1 ’(B" %’&$% (<1&4%9"4.
A.4:>%(4&,4(#$ %,% 0%$% +&4 A.4:>%-" .#,"5
&$’(#A"1#:%* 81%,%:&@ :&( /$( #. -&:& :%/&@
<1&5@ <.#$& ’&<,&@ (0%,&4 #4"<@ #$+&1&4-"
#,(-"+& ,"5& 4& +"$1(01&4.6
-2’D& A.4:>%(4&,4(#$ ,&#"1 #"4)(1& ’(<.@
(#%’ $(<&@ .$%>&$% 81%#.#$+( 81&/%4"@
:(45"4)&>%-"@ 81,-&+/$%4" %,% ,"5& 4&
+"$1(01&4.@ .#,(+% . #&(01&=&-. I4816 +()%,&
:(-& 81% :1"$&4-. 4%#. . 1&+4% #& +&/%’
+()%,(’@ +()%,& :(-& #" :1"=. 8(81"94( %,%
. #.81($4(’ #’"1. . %#$(- $1&>%@ :1%+%4&
#& ’&,%’ 1&5%-.#(’ )&:1%+,-"4(#$%K@ .#,(+%
#$&4-& 8.$& % .#,(+% +(B4-" I4816 +(B4-&
+&4 :(,(+()&K6 3(01%4%$" #" %8&: 5& +&’
+"$1(01&4 0.5" .+": 9%#$6 U& 0%#$" %)0"<,%

]NS]NUD7EX

<1"0&4-" +"$1(01&4& :(1%#$%$" 8(#"04"
5"$"15B"4&$& % 9%#$" :18"6 7#%’ $(<&@
A.4:>%(4&,4(#$ ,&#"1 #"4)(1& ’(B" 0%$%
(<1&4%9"4& %,% (4"’(<.="4& . 4":%’
.#,(+%’& +(B4-"@ #&(01&=&-@ #$&4-" 8.$&6
-3’31"5%’"4)%(4%1&4% $"1"$% 4& :1(+.
&.$(’(0%,& ’(<. (’"$&$% 81&+%,&4 1&5
,&#"1 #"4)(1&6 31" 4"<( /$( :1"4"$"
81(+"1%$" 5& ,% #$" 5(01( 8(#$&+%,% $"1"$ $&:(
5& 4" )&:,&4-& 8(,-" 5",(+&4-& #"4)(1&6
-4’?:(,%:( -" )0(< (<1"0($%4&@ 8.>&4-&
%,% 1&)0%-&4-& +"$1(01&4& 4"(8*(54(
%)+1/%$% 4-"<(+. )&’"4.@ $1"0& 5& #"
(01&$%$" %#:,-.9%+( (+,&/="4(’ #"1+%#. )&
+()%,& ’&1:" 2%&$6 D"’(-$" +1/%$% )&’"4.
+"$1(01&4& #&’(#$&,4(@ 8(#$(-% (8(#$
(5 :+&1&G E&+"$.-" #" #+&:&:( 5& %)+1/%$"
)&’"4. +"$1(01&4& :&5& -" (4 (/$"="4 .
)(4% ,&#"1 #"4)(1&6
.5’D"’(-$" +1/%$% %)’"4" 4% 0%,( :&:+"
%4$"1+"4>%-" 4& ,&#"1 #"4)(1.6 D"’(-$"
0,(:%1&$% ($+(1" :(-% #" 4&,&)" 4& "#$"$#:(’
8(:,(8>. #’"/$"4(’ %#8(5 .4.$1&/4-"<
1"$1(+%)(1&6 ? #,.9&-. :+&1& #"4)(1&@
(01&$%$" #" (+,&/="4(’ #"1+%#. )& +()%,&
’&1:" 2%&$6
.&’D"’(-$" 81":1%+&$% 8(,-" 5",(+&4-& ,&#"1
#"4)(1& 4&,"84%>&’& %,% 51.<%’ (0-":$%’&6
701&$%$" 8&B4-. % 4& (0-":$" :(-% #" 4&,&)"
4& *&.0% +()%,& I4816 #,(- #4"<&K % 8(01%4%$"
#" 5& 4" (’"$&-. )1&: :(-% "’%$.-" ,&#"16
.-’? #,.9&-. +.9" 81%:(,%>" %,% /,"8&4-&
51.<(< &.$(’(0%,& ’(<.=" -" 5"&:$%+%1&$%
#%#$"’ 5",.-.=% 4& V"4% %) E"$.8F& 4&
5%#8,"-.6
<5<02>5 94G0502
/.07584
V"Z. 4&-+&B4%-(’ #%<4.14(#4(’
(81"’(’ +()%,& 4&,&)" #" #,"5"=%
#%#$"’% )&/$%$"H
#%<.14(#4% 8(-&#"+%C
#%#$"’ E]J IE"&$ ]",$ J"’%45"1KC
4&#,(4% )& <,&+.C
#%#$"’% )&51B&+&4-& 5"9%-%* #"5%/$&C
!"(4% % 0(94% +&)5./4% -&#$.>%6
701&$%$" ’&:#%’&,4. 8&B4-. 4&
%4A(1’&>%-" 5&$" 4& 4&1"54%’ #$1&4&’&6
75 #./$%4#:" +&B4(#$% -"@ 5& #" #%#$"’%
)&/$%$" :(1%#$" 4& 81&+%,&4 4&9%4 :&:(
0% <&1&4$(+&,% ’&:#%’&,4. #%<.14(#$
+()&9& % 8.$4%:&6
S& (8%# 8(5"/&+&4-& 4&#,(4& )& <,&+.
8(<,"5&-$" (8%# . 8&1&<1&A. qD&#,(4
)& <,&+.r (5",-:& q?8()4&+&4-" #&
+()%,(’r6
<5B.17!<75
/!;4<2:5
E+& #"5%/$& . +()%,. %’&-. #%<.14(#4"
8(-&#"+" #& $1% ’"#$& )& A%:#%1&4-"
% (5<(+&1&-.=%’ .1"Z&-%’& )&
4&’($&+&4-"6 V"*&4%)&’ .1"Z&-& )&
4&’($&+&4-" %4$"1+"4%/" 0,(:&5(’
$1&:" . #,.9&-. 4&<,(< :(9"4-& %,%
4&<,(< .#8(1&+&4-& .#,"5 .5&1>&6 7+&
:&1&:$"1%#$%:& (’(<.=&+&@ . 4(1’&,4%’
.#,(+%’&@ #,(0(54( :1"$&4-" $1&:"
8(-&#&@ $&:( 5& #" %5"&,4( 81%,&<(5% $",.
8.$4%:&6 ? #,.9&-. 4")<(5"@ 8(-&# #"
0,(:%1& % #’&4-.-" 1%)%: (5 .5&1& . :&0%4%
%,% %),"$&4-" +&4 +()%,&6
;()&9 -" (0&+")&4 5& 8(/$.-" I% 5&
81(+"1&+& 8.$4%:" . +()%,.K #+" ,(:&,4"
)&:(4#:" 81(8%#" :(-% #" (54(#" 4&
(0&+"). % 4&9%4" .8($1"0" #%<.14(#4%*
8(-&#"+&6
?+": +"B%$" #%<.14(#4" 8(-&#"+" 81"
8(,&#:& 4& 8.$6
./!01234
<5B.17!<75C
/!;4<2:4
E%<.14(#4% 8(-&# +"B%$" 51B"=% <(14-%
5"( $",& .#81&+4( % (#,&4-&-.=% #" 4&
4&#,(4 #"5%/$&6
S& +")%+&4-" #%<.14(#4%* 8(-&#"+&@
.*+&$%$" -")%9&: :(89" IWK #,6 Me %
.+.>%$" <& . #"5%/$" 4& :(89% I]K@ #+"
5(: 4" 9.-"$" :,%: 0,(:%1&4-&6 ?:(,%:( 0%
#" 81%,%:(’ %)+,&9"4-& #%<.14(#4% 8(-&#


0,(:%1&(@ 8.#$%$" <& 5& #" ’&,( +1&$% &
)&$%’ <& 8(4(+( %)+.>%$" %)0"<&+&-.=%
4&<," 8(:1"$"6
S& (5+")%+&4-" 8(-&#"+&@ 81%$%#4%$"
$&#$"1 IaK6 31&$%$" 8(-&# $(:(’
4&’($&+&4-& :&:( 0% #" %)0"<,(
4-"<(+( .+1$&4-"6 3(-&#@ 8(’(=.
.1"Z&-& )& 4&’($&+&4-"@ &.$(’&$#:% #"
81%,&<(Z&+& $",. 8.$4%:& :(-% <& #$&+,-&
(’(<.=&+&-.=% ’. #,(0(54( :1"$&4-"6
_]Y
‘&5& -" +()%,( 8&1:%1&4( 4& +",%:(’
4&<%0. .1"Z&- )& 4&’($&+&4-" ’(B" 5&
#" 0,(:%1&C /$( -" 4(1’&,4(6 3(1"5 $(<&@
’"*&4%)&’ .1"Z&-& )& 4&’($&+&4-"
0,(:%1& $1&:. 81% #+&:(’ 4-"4(’ 01)(’
%)+,&9"4-. %,% . #,.9&-. 4&<,(< :(9"4-&@
.5&1& % . :1%+%4&’& 81% +",%:(- 01)%4%6
S&54-" #"5%/$" -" (81"’,-"4(
%4"1>%-&,4%’ #%<.14(#4%’ 8(-&#"+%’&
#& $1% $&9:" :&9"4-& % .1"Z&-"’ )&
4&’($&+&4-"6 ;"B%$" #%<.14(#4"
8(-&#"+" )&54-%* #"5%/$& :&( 4& #,%>%
. #,6 Mf I+"1)%-" #& d ’"#$&K %,% #,6 MP
I+"1)%-" #& M ’"#$&K6
%&=VHWWZW
__Y_‘Y_^Y
%’=VHWWZV
%(=VHWWZ[
?37S7JND\N ;1&=&-.=% 4& #+(-"
’"#$(@ 8(#," 81":,&8&4-&@ )&54-"
#"5%/$" . .#,(+%’& 4(1’&,4" .8($1"0"@
(01&$%$" 8&B4-. 4& 81&+%,4( +1&=&4-"
#%<.14(#4%* 8(-&#"+&@ $&:( 5& 0.5.
5(#$.84% )& .8($1"0.6
/!?2G4:47;2
<5B.17!<75C
/!;4<2:4 /! :5<575
I)& +"1)%-"Y$1B%/$&@ <5" -" 81"5+%Z"4(K
‘WY‘VY
V(<.=" -" 8(5"#%$% +%#%4..d1&),%9%$&
8(,(B&-&6 S& 8(5"/&+&4-" 81%$%#4%$"
$&#$"1 IWK #,6 ML % 8(5%<4%$" %,% #8.#$%$"
1.:(*+&$ I]K6
3(-&#"+" .+": 8(5"#%$" 8( +%#%4%@
81%,&<(Z&+&-.=% %* $",. 8.$4%:&H (+&
’"1& (81")& ’(B" )4&9&-4( .’&4-%$%
(8(#$ (5 8(+1"5& . #,.9&-. .5&1&6
31&+%,4( 8(5"/&+&4-" #" 8(#$%B" :&5&
$1&:& 81",&)% 8( #1"5%4% %)’"Z. :1&-&
1&’"4& % +1&$&6 D& 4":%’ +"1)%-&’&
#%<.14(#4%* 8(-&#"+& 81"5+%Z"4& -"
#&’( -"54& $&9:& )& A%:#4( #%51%/$"
#’"/$"4( 4& 8($8(14(’ #$.0. +1&$&6

]NS]NUD7EX

%)=VHWWZX
&*=VHW___
!"#$%"
21’D" 81%$%#:&-$" $&#$"1 IaK #,6 Me $(:(’
+(B4-"6
22’[’&-$" 4& .’. 5&@ . #,.9&-. #4&B4(<
.5&1&@ 8.$4%>% 4& )&54-%’ #"5%/$%’&
:(-% 4"’&-. +")&4" 8(-&#"+"@ 8(1"5
%),&<&4-& 4-%* #&’%* ()0%,-4%’ (8(#$%’&@
81"5#$&+,-&-. (8(#$ $&:(Z" % 8( 8.$4%:"
4& 81"54-%’ #"5%/$%’&6
23’S&54-% >"4$1&,4% #%<.14(#4% 8(-&# I)&
+"1)%-"Y$1B%/$& <5" -" 81"5+%Z"4(K %’&#%<.14(#4. :(89. #,6 e_6 D"’(-$" :(1%#$%$%
8(-&#"+" :(5 :(-%* :(89& 4%-" 81%:&9"4&6 ?
$(’ #,.9&-.@ . #,.9&-. 4")<(5"@ 8(#$(-%
+",%:& (8(#$ (5 8(+1"5& % #’1$%6 31"
+")%+&4-& 8(-&#&@ .+": 81(+"1%$" 5& ,% -"
:(89& 81&+%,4( 81%9+1/="4&6
24’S&54-% #%<.14(#4% 8(-&#"+% 4& 5"#4(-
% ,"+(- #$1&4% (81"’,-"4% #. .1"Z&-"’ )&
8(5"/&+&4-" 8(,(B&-& ’"$&,4(< -")%9>&
I’"$&,4" :.:"K6 E&+"$.-"’( 5& 8(5"#%$"
8(,(B&- -")%9>& 81"’& $1&>% #%<.14(#4(<
81(-&#& 5& 0%#$" 8(0(,-/&,% :(’A(1 % #’&4-%,%
0.:. . .4.$1&/4-(#$% :&0%4"6
35’3(5"/&+&4-" 8( +%#%4% #%<.14(#4%*
8(-&#"+& $1"0& 5& %)+1/%$" 5(: -" +()%,(
)&.#$&+,-"4(6
3&’3(#," 8(5"/&+&4-& +%#%4"@ .+":
81(+"1%$" 5& ,% -" 1"<.,&$(1 0,(:%1&4 .
81"5+%Z"4(’ 8(,(B&-.6 S0(< $(<&@ :&5& -"
$&#$"1 IWK #,6 ML 8./$"4@ 5(5&$4( 8(+.>%$"
81"’& 5(," :&:( 0%#$" (’(<.=%,% 0,(:%1&4-"
.1"Z&-& )& A%:#%1&4-" .:(,%:( 4%-" . -"54(’
(5 81"5+%Z"4%* 8(,(B&-&6
<5<02> <31 H<%#-
3%O- 1%U,’R%*J
E]J #%#$"’ .8()(1&+& 8.$4%:" 4&
81"54-%’ #"5%/$%’& 4& #$1&4% +()&9& %
#.+()&9& I)& +"1)%-"Y$1B%/$& )& :(-& -"
81"5+%Z"4K % 4& )&54-%’ #"5%/$%’& I)&
+"1)%-"Y$1B%/$& )& :(-& -" 81"5+%Z"4K 5&
4%#. +")&,% #+(- #%<.14(#4% 8(-
E%#$"’ ()4&9&+& 5& 8(-&#"+% 4%#.
+")&4% +%).",4%’ #%<4&,%’& I8&,-"4-"
,&’8%>& 4& %4#$1.’"4$ $&0,% % %:(4& 4&
5%#8,"-.K % 8.$"’ )+.94(< #%<4&,& I+%5"$%
(8%# . 4&1"54%’ 8&1&<1&A%’&K6
?37S7JND\N S& $1&-4. 5"&:$%+&>%-.
)+.94(< #%<4&,&@ (01&$%$" #"
(+,&/="4(’ #"1+%#. )& +()%,& ’&1:"
2%&$6 ? #+&:(’ ’(’"4$. -" ’(<.="
8(4(+( &:$%+%1&$% )+.94% #%<4&, 81":(
(8>%-& ’"4%-& E"$.8 4& 5%#8,"-.6
K&8;(>’&<’(E<&4+(@&6&
;(>*5’";’-+":&;-%-
[:(4" 81%:&)&4" 4& 5%#8,"-. #,6 e^
()4&9&+&-.H
VH #%<.14(#4% 8(-&# 81"54-"< #"5%/$&
4& #$1&4% +()&9&C
[H #%<.14(#4% 8(-&# )&54-"< ,"+(<
#"5%/$& IxKC
XH #%<.14(#4% 8(-&# )&54-"< #"5%/$& .
#1"5%4% IxKC

\H #%<.14(#4% 8(-&# )&54-"< 5"#4(<
#"5%/$& IxKC
ZH #%<.14(#4% 8(-&# 81"54-"< #"5%/$&
4& #$1&4% #.+()&9& IxKC
/H #%<.14(#4% 8(-&# 4%-" +")&4C
MH #%<.14(#4% 8(-&# -" +")&4C
IxK S& +"1)%-"Y$1B%/$&@ <5" -" 81"5+%Z"4(
&!=VHVW[V
E& #%<.14(#4%’ 8(-&#"+%’& 4& #$1&4%
+()&9& %Y%,% #.+()&9& I#& #.+()&9"’
:(-% #"5%K :(-% #. (5+")&4%@ :(5 01)%4"
+"=" (5 O_ :’Y* %,% (51B&+&-.=% 01)%4"
%)’"Z. ^_ :’Y* % O_ :’Y* . 8"1%(5.5.B"’ (5 M #":.45%@ )&8(9%4-" >%:,.#
)+.94" #%<4&,%)&>%-" :(-% #" (54(#% 4&
81"54-& ’"#$& I:(4#$&4$&4 )+.94%
#%<4&, #" (<,&/&+& . 81+%* e #":.45%
& 8($(’ <& #,"5% T0%8T :(-% $1&-" (:(
L_ #":.45%K % $1"8$&4-" ,&’8%>"6 D&:(4
)&+1/"$:& >%:,.#&@ ,&’8%>" (#$&-.
.8&,-"4" % 4"81":%54( #+"$," #+" 5(
<&/"4-& ’($(1& %,% 5( +")%+&4-& 8(-&#&6
W:( #" 8(-&# 8(4(+( (5+"B" $(:(’
+(B4-"@ 8(4(+( #" &:$%+%1& )+.94%
#%<4&, :&( /$( -" 81"$*(54( (8%#&4( %
81%:&).-" #" %:(4&
6
E%<4&,%)&>%-& #" -&+,-& )& )&54-&
#"5%/$& #&’( :&5& -"5&4 (5
8(-&#"+& 4%-" +")&4@ %#$(+1"’"4(
#& )+.94%’ #%<4&,(’ :(-% #" #&#$(-%
(5 $1% q0%8r #%<4&,&6 ? #,.9&-.
81(’"4" #$&4-& 4":(< (5 #%<.14(#4%*
8(-&#"+& I81"54-"< %,% )&54-" #%<4&,%)%1&=" #" #$&4-" (#$&,%* 8(-&#"+&
I81"54-%*Y)&54-%*K6
W:( -" +%/" 8(-&#"+& (5+")&4(@
+%).",4& #%<4&,%)&>%-& I81%:&) %:(4"
K
8(9%4-" % )&+1/&+& 4")&+%#4( )& #+&:.
(5 #%<4&,4%* ,&’8%>&6 E%<4&,%)&>%-&
=" 81(’"4%$% #$&4-" I81%:&) %:(4"
K
:&5& #" 8(4(+( 81%+"B" (5<(+&1&-.=%
#%<.14(#4% 8(-
?37S7JND\N 7:1"$&4-"’ :,-.9& )&
8&,-"4-" . 8(,(B&- VWJ@ &:( #. #+%
8(-&#"+% I81"54-% % )&54-%K +"= 81%+")&4%@81%:&)&=" #" %:(4"
.$1&-&4-.(5b_
#":.45%6
/12?94029465
/!;4<2:4
‘[Y‘XY‘\Y‘ZY
XXY
;()%,( %’& 81"5)&$")&9" 81"54-%*
#%<.14(#4%* 8(-&#"+&@ :(-% . #,.9&-.
#4&B4(< 9"(4(< #.5&1&@ 8(+,&9" )&
4":(,%:( >"4$%’"$&1& $1&:. 8(-&#&
(0")0"Z.-.=% $&:( #&+1/"4( 81%-&4-&4-"
#%<.14(#4(< 8(-&#& .) $",( 8.$4%:&@ 81"
8(9"$:& 1&54-" )&51B&+&4-&6 W:$%+%1&4-"
81"5)&$")&9& #" 81"8()4&-" 8(
)&.#$&+,-&4-. 4&’($&+&4-& $1&:" 8(-&#&6
7#%’ $(<&@ +()%,( -" 4& #$1&4% +()&9&
(81"’,-"4( 51.<%’ 81"5)&$")&9"’
#’"/$"4%’ . 81"5",. ,&-#4" )& 81&<
+1&$& I4& 4":%’ +"1)%-&’&@ 51.<%
81"5)&$")&9 #" 4&,&)% 4& #$1&4% (0&
8.$4%:& #& 81"54-" #$1&4"KH #:1&="4-"
’"$&,4(< :&0,& .:&).-" 4& 4-"<(+(
&:$%+%1&4-"6
31%,%:(’ %4$"1+"4>%-" 81"5)&$")&9&
’(B" 5(=% 5( 0,&<(< %#8./$&4-& 5%’&C
(+&- 5%’ 4%-" /$"$&4 % 4" .:&).-"
4& 8(9"$&: 8(B&1&6 31"5)&$")&9
4" )&*$"+& 4%:&:+( (51B&+&4-" 4%$%
8(5’&)%+&4-"6 ]%,( :(-& %)’"4&
4-%*(+(< 8(9"$4(< #$&4-& 4&1./&+& %’
"A%:(#$6

]NS]NUD7EX

?:(,%:( -" .1"Z&- 0%( 8(<(Z"4
81%1(54(’ 4"8(<(5(’ I4816 8(8,&+&@
8($&8&4-"@ %$56K % . 4-"<& -" 5(#8",&
+(5& %,% 0,&$(@ 8($1"04( -" (01&$%$% #"
(+,&/="4(’ #"1+%#. )& +()%,& ’&1:"
2%&$6
?37S7JND\N U& 0% 0%,% /$( 0(,-"
)&/$%="4% 5",(+&4-"’ 81"5)&$")&9&@
#%<.14(#4% 8(-&# #$&+,-&-$" $&:( 5(
5(01( 81%-&4-& 4& <1.5% % :&1,%>.6
.12F4;5 94
!B147564:47;2
!/0212M27;4
/!;4<2:4
‘&:( 0% 8(+"=&,% 4%+( 0")0"54(#$%
8.$4%:&@ )&$")&9% 81"54-%* #"5%/$&
8(#"5.-. <1&4%94%:" (8$"1"="4-& :(-%
:(4$1(,%/. #%,. :(-& 5",.-" 4& <1.54% :(/
% 1&’"4& $(:(’ )&$")&4-& 8(-&#& .
#,.9&-. 9"(4(< #.5&1&6
./!9!127;4
94 ./!0123.
<5B.17!<75C
/!;4<2:4
?8($1"0& #%<.14(#4%* 8(-&#"+& -"
4"(8*(54& $&:(Z" % )& $1.54%>"H 9&: %
)& 4-%* % 8,(5 (8(#$ (5 8(+1"5& .
#,.9&-. .5&1& -" )4&9&-4( ’&4-& &:(
+"B. #%<.14(#4" 8(-&#"+"6 X1.54%>"
’(1&-. 5& 8(5"#" 5(4-% 5"( $1&:"
+"(’& 4%#:(@ $&:( 5& 81",&)% 81":(:&1,%>" & %#8(5 #$(’&:& I:&( /$( -"
81%:&)&4( . #,6 eOK6 ‘&:( $1.54(=&
4&81"5.-"@ $1.54%>& +()&9 $1"0&
5& 1"<.,%/" #"5%/$" % +(,&4 $&:( 5&
%’& 8($8.4. :(4$1(,. 4&5 +()%,(’
I8&8.9%>" % +(,&4 $1"0& 5& 0.5.
,&:( 5(#$.84%K6 ?+": -" 8($1"04( 5&
.5&,-"4(#$ %)’"Z. #$(’&:& % +(,&4&
0.5" ’&:#%’&,4&6
&"=VHWV[X
E%<.14(#4% 8(-&# #" 4" #’" .+1$&$%6
R(14-% 5"( ’(1& 81",&)%$% 81":( 1&’"4&
%@ 5%-&<(4&,4(@ 81":( <1.5%6 U(4-% 5"(
’(1& 81%-&4-&$% .) :&1,%>. I:&( /$( -"
81%:&)&4( . #,6 ebK & 4" .) #$(’&:
8.$4%:&6 D" :(1%#$%$" .1"Z&-" I/$%8&,-:"@
0,(:&5"@ %$56K :(-% 51B" #%<.14(#4% 8(-&#
$&:( 5& 4" 81%-&4-& .) $",( 8.$4%:&6
&#=VHWV[\
E+&:% #%<.14(#4% 8(-&# ’(1& :(1%#$%$%
#&’( -"54& (#(0&H 4" 81"+()%$" 5">.
. :1%,. 8.$4%:& :(1%#$"=% #%<.14(#4"
8(-&#"+" :&( )&/$%$. )& (0(-" #,6 ed6
? 81%4>%8.@ 4"’(-$" 4%:&5& #$&+,-&$%
0%,( :&:+" 81"5’"$" %)’"Z. 8.$4%:& %
8(-&#&6
&$=VHWV[Z