*XWDFKWHQ]XU(UWHLOXQJGHU$%(1UQDFK†6W9=2
               1U                       5$$
               $QODJH1U                
               6HLWH                     
               $XIWUDJJHEHU              (OLWH6UO
               7HLOHW\S                  (:


               7HFKQLVFKH'DWHQ.XU]IDVVXQJ
               5DGGDWHQ

               5DGW\S                                                         (:
               $UWGHV6RQGHUUDGHV                                   HLQWHLOLJHV/HLFKWPHWDOO5DG
               +DQGHOVPDUNH                                                  (OLWH:KHHOV
               0RQWDJHSRVLWLRQ                                        9RUGHUXQG+LQWHUDFKVH
               5DGDXVIKUXQJ                                                 (/7
               5DGDXVIKUXQJVNHQQ]                                          (/7
               5DGJU|‰H                                                      ò-[(+
               5DG(LQSUHVVWLHIH                                                PP
               /RFKNUHLVGXUFKPHVVHU                                             PP
               /RFK]DKO                                                            
               0LWWHQORFKGXUFKPHVVHU                                           PP
§22 54066*00




               =HQWULHUDUW                                                 0LWWHQ]HQWULHUXQJ
               =HQWULHUULQJ                                                   RKQH5LQJ
               JHSUIWH5DGODVW
                                              NJ
                5HLIHQDEUROOXPIDQJ                                      PP
               
'LH]XOlVVLJH5DGODVWNDQQMHQDFK5HLIHQJU|‰HYRPDQJHJHEHQHQ:HUWDEZHLFKHQ


               $OOJHPHLQH$QIRUGHUXQJHQ
               ,P)DKU]HXJYHUEDXWHVLFKHUKHLWVXQGRGHUXPZHOWUHOHYDQWH)DKU]HXJV\VWHPH]%
               5HLIHQGUXFNNRQWUROOV\VWHPHPVVHQQDFK$QEDXGHU6RQGHUUlGHUIXQNWLRQVIlKLJEOHLEHQE]Z
               HQWVSUHFKHQGHUVHW]WZHUGHQ

               9HUZHQGXQJVEHUHLFK
               )DKU]HXJKHUVWHOOHURGHU0DUNH      /$1'529(5

               5DGEHIHVWLJXQJ
               $XIODJHQ $FKVH %HVFKUHLEXQJGHU%HIHVWLJXQJVWHLOH                                     =XEHK|U.LW $Q]XJV
               .U]HO                                                                                             PRPHQW
               %)        6HULHQ5DGPXWWHU)ODFKEXQGEHZHJOLFK*HZLQGH0[                              1P
               %)        6HULHQ5DGPXWWHU)ODFKEXQGEHZHJOLFK*HZLQGH0[                              1P

               7\SHQ                       $%((**HQHKPLJXQJHQ
               /$                             H



               0RWRUOHLVWXQJ   +DQGHOVEH]HLFKQXQJHQ ]XOlVVLJH5HLIHQJU|‰HQ                      $XIODJHQXQG+LQZHLVH
               N:                                   YRUQHXQGKLQWHQJJI$XIODJHQ
               ELV     /DQG5RYHU'LVFRYHU\ 5                                 $ELV$
                               DX‰HU                 $.                                 %)(
                               EHVFKX‰JHVFKW]WH
                               $XVIKUXQJ            5

                                                       5
               *XWDFKWHQ]XU(UWHLOXQJGHU$%(1UQDFK†6W9=2
               1U                       5$$
               $QODJH1U                
               6HLWH                     
               $XIWUDJJHEHU              (OLWH6UO
               7HLOHW\S                  (:



               7\SHQ                       $%((**HQHKPLJXQJHQ
               /$                             H



               /$                             H



               0RWRUOHLVWXQJ   +DQGHOVEH]HLFKQXQJHQ ]XOlVVLJH5HLIHQJU|‰HQ               $XIODJHQXQG+LQZHLVH
               N:                                   YRUQHXQGKLQWHQJJI$XIODJHQ
               ELV     /DQG5RYHU'LVFRYHU\ 5                          $ELV$
                               DX‰HU                 17                        %)(
                               EHVFKX‰JHVFKW]WH
                               $XVIKUXQJ            5

                                                       5

                                                       5


               7\SHQ                       $%((**HQHKPLJXQJHQ
               /5                             H



               /5                             H



               /5                             H



               /5                             H



§22 54066*00




               0RWRUOHLVWXQJ   +DQGHOVEH]HLFKQXQJHQ ]XOlVVLJH5HLIHQJU|‰HQ               $XIODJHQXQG+LQZHLVH
               N:                                    YRUQHXQGKLQWHQJJI$XIODJHQ
               ELV     /DQG5RYHU'LVFRYHU\ 5                          $ELV$
                                                       $17                  $%)()

                                                       506
                                                       $7

                                                       5
                                                       $1

                                                       506
                                                       $

                                                       5
                                                       $

                                                       5
                                                       $

                                                       5
                                                       $D

                                                       5
               *XWDFKWHQ]XU(UWHLOXQJGHU$%(1UQDFK†6W9=2
               1U                       5$$
               $QODJH1U                
               6HLWH                     
               $XIWUDJJHEHU              (OLWH6UO
               7HLOHW\S                  (:


               7\SHQ                      $%((**HQHKPLJXQJHQ
               /0                            H



               0RWRUOHLVWXQJ   +DQGHOVEH]HLFKQXQJHQ ]XOlVVLJH5HLIHQJU|‰HQ              $XIODJHQXQG+LQZHLVH
               N:                                   YRUQHXQGKLQWHQJJI$XIODJHQ
               ELV     5DQJH5RYHU            5                         $ELV$
                               DX‰HU                 1                             %)(
                               EHVFKX‰JHVFKW]WH
                               $XVIKUXQJHQ          5
                                                      $.

                                                       5
                                                       $.


               7\SHQ                      $%((**HQHKPLJXQJHQ
               /*                            H



               /*                            H



               0RWRUOHLVWXQJ   +DQGHOVEH]HLFKQXQJHQ ]XOlVVLJH5HLIHQJU|‰HQ              $XIODJHQXQG+LQZHLVH
               N:                                   YRUQHXQGKLQWHQJJI$XIODJHQ
               ELV     5DQJH5RYHU            5                         $ELV$
                                                      17                       $$%)(()
§22 54066*00




                                                       5

                                                       5

                                                       5

                                                       5

                                                       5


               7\SHQ                      $%((**HQHKPLJXQJHQ
               /:                            H



               /:                            H



               0RWRUOHLVWXQJ   +DQGHOVEH]HLFKQXQJHQ ]XOlVVLJH5HLIHQJU|‰HQ              $XIODJHQXQG+LQZHLVH
               N:                                   YRUQHXQGKLQWHQJJI$XIODJHQ
               ELV     5DQJH5RYHU6SRUW      5                         $ELV$
                                                      17                       $%)(%()

                                                       5

                                                       5

                                                       5

                                                       5
                                                       *:

                                                       5
               *XWDFKWHQ]XU(UWHLOXQJGHU$%(1UQDFK†6W9=2
               1U                       5$$
               $QODJH1U                
               6HLWH                     
               $XIWUDJJHEHU              (OLWH6UO
               7HLOHW\S                  (:


               $XIODJHQXQG+LQZHLVH

               $   'HUYRUVFKULIWVPl‰LJH=XVWDQGGHV)DKU]HXJVLVWGXUFKHLQHQDPWOLFKDQHUNDQQWHQ
                      6DFKYHUVWlQGLJHQRGHU3UIHUIUGHQ.UDIWIDKU]HXJYHUNHKURGHUHLQHQ
                      .UDIWIDKU]HXJVDFKYHUVWlQGLJHQRGHUHLQHQ$QJHVWHOOWHQQDFK1XPPHUGHU$QODJH9,,,E]XU
                      6W9=2DXIHLQHP1DFKZHLVHQWVSUHFKHQGGHP%HLVSLHONDWDORJ]X†6W9=2
                      YHU|IIHQWOLFKWHQ0XVWHUEHVFKHLQLJHQ]XODVVHQ

               $   :LUGHLQHLQGLHVHP*XWDFKWHQDXIJHIKUWH5HLIHQJU|‰HYHUZHQGHWGLHQLFKWEHUHLWVLQGHQ
                      )DKU]HXJSDSLHUHQJHQDQQWLVWVRVLQGGLH$QJDEHQEHUGLH5HLIHQJU|‰HLQGHQ
                      )DKU]HXJSDSLHUHQGXUFKGLH=XODVVXQJVVWHOOHEHULFKWLJHQ]XODVVHQ'LHVH%HULFKWLJXQJLVW
                      GDQQQLFKWHUIRUGHUOLFKZHQQGLH$%(GHV6RQGHUUDGHVHLQH)UHLVWHOOXQJYRQGHU3IOLFKW]XU
                      %HULFKWLJXQJGHU)DKU]HXJSDSLHUHHQWKlOW

               $   'LHPLQGHVWHQVHUIRUGHUOLFKHQ*HVFKZLQGLJNHLWVEHUHLFKHXQG7UDJIlKLJNHLWHQGHU]X
                      YHUZHQGHQGHQ5HLIHQVLQGXQWHU=XJUXQGHOHJXQJGHUIDKU]HXJVSH]LILVFKHQ'DWHQDXVGHU
                      LQ$QODJHEHILQGOLFKHQ7DEHOOHÄ7UDJIlKLJNHLWVNHQQ]DKOXQG*HVFKZLQGLJNHLWVV\PERO³]X
                      HQWQHKPHQ*LEWHVGLH5HLIHQJU|‰HQPLWGHQHUPLWWHOWHQ0LQGHVWZHUWHQQLFKWVRVLQGVLH
                      QLFKW]XOlVVLJ
§22 54066*00




               $   'DV)DKUZHUNVRZLHGLH%UHPVXQG/HQNXQJVDJJUHJDWHPVVHQVRIHUQGLHVHGXUFKNHLQH
                      ZHLWHUHQ$XIODJHQEHUKUWZHUGHQGHP6HULHQVWDQGHQWVSUHFKHQ:LUGJOHLFK]HLWLJPLWGHP
                      $QEDXGHU6RQGHUUlGHUHLQH)DKUZHUNVlQGHUXQJYRUJHQRPPHQVRLVWGLHVHXQGLKUH
                      $XVZLUNXQJDXIGHQ$QEDXGHU6RQGHUUlGHUJHVRQGHUW]XEHXUWHLOHQ

               $   (VVLQGQXUVFKODXFKORVH5HLIHQPLW*XPPLRGHU0HWDOOYHQWLOHQ]XOlVVLJ'LH9HQWLOHPVVHQ
                      GHQ1RUPHQ',1(7572RGHU75$HQWVSUHFKHQVROOHQP|JOLFKVWNXU]VHLQXQGGUIHQ
                      QLFKWEHUGLH5DGNRQWXUKLQDXVUDJHQ

               $   %HL9HUZHQGXQJGHVVHULHQPl‰LJHQ(UVDW]E]Z1RWUDGHVVLQGGLHVHULHQPl‰LJHQ
                      %HIHVWLJXQJVWHLOH]XYHUZHQGHQ

               $   'LH%H]LHKHUGHU6RQGHUUlGHUVLQGGDUDXIKLQ]XZHLVHQGDVVGHUYRP5HLIHQKHUVWHOOHU
                      YRUJHVFKULHEHQH5HLIHQIOOGUXFNE]Z0LQGHVWOXIWGUXFN]XEHDFKWHQLVW

               $   :LUGGDVVHULHQPl‰LJH(UVDW]UDGYHUZHQGHWVROOPLWPl‰LJHU*HVFKZLQGLJNHLWXQGQLFKWOlQJHU
                      DOVHUIRUGHUOLFKJHIDKUHQZHUGHQ%HL)DKU]HXJHQPLWSHUPDQHQWHP$OOUDGDQWULHELVWEHL
                      9HUZHQGXQJGHV(UVDW]UHLIHQVGDUDXI]XDFKWHQGDVVQXU5HLIHQPLWJOHLFKJUR‰HP
                      $EUROOXPIDQJ]XOlVVLJVLQG(VPVVHQGLHVHULHQPl‰LJHQ%HIHVWLJXQJVWHLOHYHUZHQGHW
                      ZHUGHQ

               $   'LH%H]LHKHUVLQGGDUDXIKLQ]XZHLVHQGDVV6FKQHHNHWWHQEHWULHEQLFKWJHSUIWZXUGHHVVHL
                      GHQQGDVVGLH9HUZHQGXQJYRQ6FKQHHNHWWHQGXUFKHLQHZHLWHUH$XIODJHLP*XWDFKWHQHUODXEW
                      ZLUG

               $   'LH5lGHUGUIHQQXUDQGHU,QQHQVHLWHPLW.OHEHJHZLFKWHQDXVJHZXFKWHWZHUGHQ-HQDFK
                      %UHPVDXVVWDWWXQJNDQQGLH$QEULQJXQJYRQ:XFKWJHZLFKWHQXQWHUKDOEGHV)HOJHQWLHIEHWWV
                      XQGRGHUGHU)HOJHQVFKXOWHUHLQJHVFKUlQNWVHLQ

               $   $XFK]XOlVVLJDQ)DKU]HXJHQPLW+\EULG$QWULHE+\EULG0LOG+\EULG3OXJLQ+\EULGGDVV
                      VLQG)DKU]HXJH)=GLHLQGHU=XODVVXQJVEHVFKHLQLJXQJ7HLO)=6FKHLQXQWHU3
                      +\EUHLQJHWUDJHQKDEHQ
               *XWDFKWHQ]XU(UWHLOXQJGHU$%(1UQDFK†6W9=2
               1U                       5$$
               $QODJH1U                
               6HLWH                     
               $XIWUDJJHEHU              (OLWH6UO
               7HLOHW\S                  (:


               $   'LH9HUZHQGXQJYRQIHLQJOLHGULJHQ6FKQHHNHWWHQGLHQLFKWPHKUDOVPPDXIWUDJHQLVWQXU
                      DXIGHQ5lGHUQGHU+LQWHUDFKVH]XOlVVLJVLHKHDXFK%HGLHQXQJVDQOHLWXQJGHV
                      )DKU]HXJKHUVWHOOHUV

               $D 'LH9HUZHQGXQJYRQIHLQJOLHGULJHQ6FKQHHNHWWHQGLHQLFKWPHKUDOVPPDXIWUDJHQLVWQXU
                     DXIGHQ5lGHUQGHU+LQWHUDFKVH]XOlVVLJVLHKHDXFK%HGLHQXQJVDQOHLWXQJGHV
                     )DKU]HXJKHUVWHOOHUV

               %)   (VVLQGIROJHQGH%HIHVWLJXQJVWHLOH]XYHUZHQGHQ
                      $FKVH
                      6HULHQ5DGPXWWHU)ODFKEXQGEHZHJOLFK*HZLQGH0[
                      $Q]XJVPRPHQW1P

               %)   (VVLQGIROJHQGH%HIHVWLJXQJVWHLOH]XYHUZHQGHQ
                      $FKVH
                      6HULHQ5DGPXWWHU)ODFKEXQGEHZHJOLFK*HZLQGH0[
                      $Q]XJVPRPHQW1P

               (   1LFKW]XOlVVLJDQGHUJHSDQ]HUWHQEHVFKX‰JHVLFKHUWHQ9HUVLRQ
§22 54066*00




               (%   1LFKW]XOlVVLJDQ)DKU]HXJDXVIKUXQJHQGLHPLWIROJHQGHU%UHPVDQODJHDXVJHUVWHWVLQG
                      ‡ $FKVH.ROEHQ)HVWVDWWHO.HQQ]%UHPERPLWEHOIWHWHU6FKHLEH‘[ௗPP

               ()   1LFKW]XOlVVLJDQ)DKU]HXJDXVIKUXQJHQGLHVHULHQPl‰LJDQGHU9RUGHUXQGRGHUDQGHU
                      +LQWHUDFKVHQXUPLW5lGHUQDXVJHUVWHWVLQGGHUHQ5DGGXUFKPHVVHUJU|‰HUDOVGHU
                      5DGGXUFKPHVVHUGHV8PUVWUDGHVVLQGXQGRGHUGHUHQ)HOJHQPDXOZHLWHJU|‰HUDOVGLH
                      )HOJHQPDXOZHLWHGHV8PUVWUDGHVVLQG

               *   (VLVWGHU1DFKZHLV]XHUEULQJHQGDVVGLH$Q]HLJHGHV*HVFKZLQGLJNHLWVPHVVHUVXQGGHV
                      :HJVWUHFNHQ]lKOHUVLQQHUKDOEGHUJHVHW]OLFKYRUJHVFKULHEHQHQ7ROHUDQ]HQ†6W9=2
                      OLHJW6RIHUQGLH$Q]HLJHDQJHJOLFKHQZHUGHQPXVVNDQQGLHVH5DG5HLIHQ.RPELQDWLRQ
                      QLFKWDOVZDKOZHLVH$XVUVWXQJDXIGHU$QEDXEHVWlWLJXQJHLQJHWUDJHQZHUGHQ

               *: %HL)DKU]HXJHQGLHVHULHQPl‰LJQLFKWPLWHLQHUGHU%HUHLIXQJVJU|‰HQ5
                    55DXVJHUVWHWRGHUPLQHLQHUGLHVHU%HUHLIXQJVJU|‰HQLQGHQ
                    )DKU]HXJSDSLHUHQ)DKU]HXJVFKHLQ=XODVVXQJVEHVFKHLQLJXQJ,RGHU&2&3DSLHUE]ZLQGHU
                    (**HQHKPLJXQJGHV)DKU]HXJHV]XJHODVVHQLVWVLQGGLH$XIODJHQ$XQG*]X
                    EHDFKWHQ

               .   'LH5DGDEGHFNXQJDQ$FKVHLVWGXUFK$XVVWHOOHQGHU)URQWVFKU]HXQGGHV.RWIOJHOVRGHU
                      GXUFK$QEDXYRQGDXHUKDIWEHIHVWLJWHQ.DURVVHULHWHLOHQLP%HUHLFKƒELVƒYRUGHU
                      5DGPLWWHKHU]XVWHOOHQ
                      'LHJHVDPWH%UHLWHGHU5DG5HLIHQNRPELQDWLRQPXVVXQWHU%HDFKWXQJGHVPD[LPDOP|JOLFKHQ
                      %HWULHEVPD‰HVGHV5HLIHQVIDFKHGHU1HQQEUHLWHGHV5HLIHQVLQGHPREHQ
                      JHQDQQWHQ%HUHLFKDEJHGHFNWVHLQ

               1 1LFKW]XOlVVLJDQ)DKU]HXJDXVIKUXQJHQGLHVHULHQPl‰LJDQ9RUGHUXQGRGHU+LQWHUDFKVH
                     QXUPLW6RPPHU5HLIHQJU|‰HQRGHUJU|‰HUDXVJHUVWHWVLQGXQGDXFKQXUVROFKH
                     6RPPHU5HLIHQJU|‰HQLQGHQ)DKU]HXJSDSLHUHQ)DKU]HXJVFKHLQ=XODVVXQJVEHVFKHLQLJXQJ
                     ,RGHU&2&3DSLHUE]ZLQGHU(**HQHKPLJXQJGHV)DKU]HXJHV]XJHODVVHQVLQG

               7 1XU]XOlVVLJDQ)DKU]HXJHQPLWHLQHU]XOlVVLJHQ$FKVODVWELVPD[NJEHL/,'LH
                     7UDJIlKLJNHLWGHV=55HLIHQVPXVVGDQQPLQNJEHWUDJHQ$QJDEHQVWHKHQDXIGHP
                     5HLIHQ$XIODJH$LVWMHGRFKJHQHUHOO]XEHDFKWHQ
               *XWDFKWHQ]XU(UWHLOXQJGHU$%(1UQDFK†6W9=2
               1U                       5$$
               $QODJH1U                
               6HLWH                     
               $XIWUDJJHEHU              (OLWH6UO
               7HLOHW\S                  (:



               'LH$QODJHPLWGHQ6HLWHQKDWQXU*OWLJNHLWLQ9HUELQGXQJPLWGHP*XWDFKWHQIU6RQGHUUlGHU
               7\S(:GHV$XIWUDJJHEHUV(OLWH6UO

               *HVFKlIWVVWHOOH(VVHQ
§22 54066*00