Seite 1
Seite 2
Seite 3
Seite 4
Seite 5
Seite 6
Seite 7
Seite 8
Seite 9
Seite 10
Seite 11
Seite 12 
							               *XWDFKWHQ]XU(UWHLOXQJGHU$%(1UQDFK†6W9=2
               1U                       5$$
               $QODJH1U                E
               6HLWH                     
               $XIWUDJJHEHU              6XSHULRU,QGXVWULHV/HLFKWPHWDOOUlGHU*HUPDQ\
                                           *PE+
               7HLOHW\S                  6$/


               7HFKQLVFKH'DWHQ.XU]IDVVXQJ
               5DGGDWHQ

               5DGW\S                                                    6$/
               $UWGHV6RQGHUUDGHV                              HLQWHLOLJHV/HLFKWPHWDOO5DG
               +DQGHOVPDUNH                                                 ULDO
               0RQWDJHSRVLWLRQ                                   9RUGHUXQG+LQWHUDFKVH
               5DGDXVIKUXQJ                                                %
               5DGDXVIKUXQJVNHQQ]                                         %
               5DGJU|‰H                                                  -[+
               5DG(LQSUHVVWLHIH                                          PP
               /RFKNUHLVGXUFKPHVVHU                                      PP
               /RFK]DKO                                                      
§22 54915*00




               0LWWHQORFKGXUFKPHVVHU                                    PP
               =HQWULHUDUW                                           0LWWHQ]HQWULHUXQJ
               =HQWULHUULQJ                                         =‘‘
               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   6($7

               5DGEHIHVWLJXQJ
               $XIODJHQ $FKVH %HVFKUHLEXQJGHU%HIHVWLJXQJVWHLOH                               =XEHK|U.LW $Q]XJV
               .U]HO                                                                                       PRPHQW
               %)        6HULHQ5DGVFKUDXEH.XJHO‘PP*HZLQGH0[                           1P
                               6FKDIWOlQJHPP
               %)        6HULHQ5DGVFKUDXEH.XJHO‘PP*HZLQGH0[                          1P
                               6FKDIWOlQJHPP
               %)        6HULHQ5DGVFKUDXEH.XJHO‘PP.DORWWHEHZHJOLFK                        1P
                               *HZLQGH0[6FKDIWOlQJHPP
               *XWDFKWHQ]XU(UWHLOXQJGHU$%(1UQDFK†6W9=2
               1U                       5$$
               $QODJH1U                E
               6HLWH                     
               $XIWUDJJHEHU              6XSHULRU,QGXVWULHV/HLFKWPHWDOOUlGHU*HUPDQ\
                                           *PE+
               7HLOHW\S                  6$/


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



               1                            H



               0RWRUOHLVWXQJ   +DQGHOVEH]HLFKQXQJHQ ]XOlVVLJH5HLIHQJU|‰HQ                 $XIODJHQXQG+LQZHLVH
               N:                                   YRUQHXQGKLQWHQJJI$XIODJHQ
               ELV      6HDW$OKDPEUD          5                            $ELV$
                                                      *67                            %)

                                                        5
                                                        $D7

                                                        5
                                                        $*

                                                        5
                                                        $.7


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



§22 54915*00




               31                              H



               0RWRUOHLVWXQJ   +DQGHOVEH]HLFKQXQJHQ ]XOlVVLJH5HLIHQJU|‰HQ                 $XIODJHQXQG+LQZHLVH
               N:                                      YRUQHXQGKLQWHQJJI$XIODJHQ
               ELV      6HDW$OWHD$OWHD;/     5                         $ELV$
                               7ROHGR                    17                        %)..
                               DX‰HU)UHHWUDFN
                                                         5
                                                         *;.7

                                                        5
                                                        ...7


               7\SHQ                        $%((**HQHKPLJXQJHQ
               )3                             H



               0RWRUOHLVWXQJ   +DQGHOVEH]HLFKQXQJHQ ]XOlVVLJH5HLIHQJU|‰HQ                 $XIODJHQXQG+LQZHLVH
               N:                                     YRUQHXQGKLQWHQJJI$XIODJHQ
               ELV      6HDW$WHFD               5                          $ELV$
                               $XVIKUXQJPLW          1                              %)
                               VHULHQPl‰LJHU
                               9HUEUHLWHUXQJ           506

                                                        5
                                                        1

                                                        506

                                                        5
                                                        $..
               *XWDFKWHQ]XU(UWHLOXQJGHU$%(1UQDFK†6W9=2
               1U                       5$$
               $QODJH1U                E
               6HLWH                     
               $XIWUDJJHEHU              6XSHULRU,QGXVWULHV/HLFKWPHWDOOUlGHU*HUPDQ\
                                           *PE+
               7HLOHW\S                  6$/


               7\SHQ                       $%((**HQHKPLJXQJHQ
               )3                            H



               0RWRUOHLVWXQJ   +DQGHOVEH]HLFKQXQJHQ ]XOlVVLJH5HLIHQJU|‰HQ                     $XIODJHQXQG+LQZHLVH
               N:                                    YRUQHXQGKLQWHQJJI$XIODJHQ
               ELV      6HDW$WHFD              5                               $ELV$
                               $XVIKUXQJRKQH                                                %)..
                               VHULHQPl‰LJHU           5
                               9HUEUHLWHUXQJ          *

                                                       5


               7\SHQ                       $%((**HQHKPLJXQJHQ
               )3                            H



               0RWRUOHLVWXQJ   +DQGHOVEH]HLFKQXQJHQ ]XOlVVLJH5HLIHQJU|‰HQ                     $XIODJHQXQG+LQZHLVH
               N:                                    YRUQHXQGKLQWHQJJI$XIODJHQ
               ELV     6HDW&XSUD$WHFD        5                               $ELV$
                                                       $*.81                         %)

                                                       5
§22 54915*00




                                                       $1

                                                       5
                                                       $D

                                                       ]XOlVVLJH5HLIHQJU|‰HQJJI$XIODJHQ   $XIODJHQXQG+LQZHLVH
                                                       YRUQH                KLQWHQ
                                                       5            5          $ELV$
                                                       $1                              %)*.89
                                                       506        506      $ELV$
                                                       $                                    %)*.89

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



               0RWRUOHLVWXQJ   +DQGHOVEH]HLFKQXQJHQ ]XOlVVLJH5HLIHQJU|‰HQ                     $XIODJHQXQG+LQZHLVH
               N:                                    YRUQHXQGKLQWHQJJI$XIODJHQ
                             6HDW&XSUD%RUQ         5                               $ELV$
                                                       $0                               %)()..

                                                       5
                                                       $

                                                       5
                                                       $

                                                       5
                                                       $D
               *XWDFKWHQ]XU(UWHLOXQJGHU$%(1UQDFK†6W9=2
               1U                       5$$
               $QODJH1U                E
               6HLWH                     
               $XIWUDJJHEHU              6XSHULRU,QGXVWULHV/HLFKWPHWDOOUlGHU*HUPDQ\
                                           *PE+
               7HLOHW\S                  6$/


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



               0RWRUOHLVWXQJ   +DQGHOVEH]HLFKQXQJHQ ]XOlVVLJH5HLIHQJU|‰HQ                 $XIODJHQXQG+LQZHLVH
               N:                                   YRUQHXQGKLQWHQJJI$XIODJHQ
               ELV     6HDW&XSUD)RUPHQWRU   506                        $ELV$
                                                                                           $D%)
                                                        5


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



               0RWRUOHLVWXQJ   +DQGHOVEH]HLFKQXQJHQ ]XOlVVLJH5HLIHQJU|‰HQ                 $XIODJHQXQG+LQZHLVH
               N:                                   YRUQHXQGKLQWHQJJI$XIODJHQ
                            6HDW&XSUD)RUPHQWRU   506                        $ELV$
                               9=                                                         $D%)

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



               51                             H



§22 54915*00




               0RWRUOHLVWXQJ   +DQGHOVEH]HLFKQXQJHQ ]XOlVVLJH5HLIHQJU|‰HQ                 $XIODJHQXQG+LQZHLVH
               N:                                     YRUQHXQGKLQWHQJJI$XIODJHQ
               ELV      6HDW([HR([HR67       5                          $ELV$
                               /LPRXVLQH.RPELPLW *9.7                       %)
                               NOHLQVWHU
                               6HULHQEHUHLIXQJ   5
                               RGHU             .


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



               51                             H



               0RWRUOHLVWXQJ   +DQGHOVEH]HLFKQXQJHQ ]XOlVVLJH5HLIHQJU|‰HQ                 $XIODJHQXQG+LQZHLVH
               N:                                     YRUQHXQGKLQWHQJJI$XIODJHQ
               ELV     6HDW([HR([HR67       5                          $ELV$
                               /LPRXVLQH.RPELPLW .7                            %)
                               NOHLQVWHU
                               6HULHQEHUHLIXQJ 5
                                                        .


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



               31                              H



               0RWRUOHLVWXQJ   +DQGHOVEH]HLFKQXQJHQ ]XOlVVLJH5HLIHQJU|‰HQ                 $XIODJHQXQG+LQZHLVH
               N:                                      YRUQHXQGKLQWHQJJI$XIODJHQ
               ELV      6HDW/HRQ                 5                         $ELV$
                               $XVIKUXQJHQPLW         7                              %)...
                               NOHLQVWHU
                               6RPPHUEHUHLIXQJ           5
                               RGHU       *3

                                                        5
                                                        .
               *XWDFKWHQ]XU(UWHLOXQJGHU$%(1UQDFK†6W9=2
               1U                       5$$
               $QODJH1U                E
               6HLWH                     
               $XIWUDJJHEHU              6XSHULRU,QGXVWULHV/HLFKWPHWDOOUlGHU*HUPDQ\
                                           *PE+
               7HLOHW\S                  6$/


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



               31                           H



               0RWRUOHLVWXQJ   +DQGHOVEH]HLFKQXQJHQ ]XOlVVLJH5HLIHQJU|‰HQ                   $XIODJHQXQG+LQZHLVH
               N:                                    YRUQHXQGKLQWHQJJI$XIODJHQ
               ELV      6HDW/HRQ               5                             $ELV$
                               $XVIKUXQJHQPLW       7                                  %)...
                               NOHLQVWHU
                               6RPPHUEHUHLIXQJ 5

                                                         5
                                                         .


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



               0RWRUOHLVWXQJ   +DQGHOVEH]HLFKQXQJHQ ]XOlVVLJH5HLIHQJU|‰HQ                   $XIODJHQXQG+LQZHLVH
               N:                                        YRUQHXQGKLQWHQJJI$XIODJHQ
               ELV      6HDW/HRQ                   5                         $ELV$
                               WUHUWUHU.RPEL .7                           %)(.
§22 54915*00




                               $XVIKUXQJHQPLW
                               9HUEXQGOHQNHU              5
                               +LQWHUDFKVH                $.7

                                                         5
                                                         *6.

                                                         5
                                                         ...


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



               0RWRUOHLVWXQJ   +DQGHOVEH]HLFKQXQJHQ ]XOlVVLJH5HLIHQJU|‰HQ                   $XIODJHQXQG+LQZHLVH
               N:                                        YRUQHXQGKLQWHQJJI$XIODJHQ
               ELV      6HDW/HRQ                   5                         $ELV$
                               WUHUWUHU.RPEL .17                     %)(.
                               $XVIKUXQJHQPLW
                               0HKUOHQNHU+LQWHUDFKVH 5
                                                           $.7

                                                         5
                                                         *&3.

                                                         5
                                                         .
               *XWDFKWHQ]XU(UWHLOXQJGHU$%(1UQDFK†6W9=2
               1U                       5$$
               $QODJH1U                E
               6HLWH                     
               $XIWUDJJHEHU              6XSHULRU,QGXVWULHV/HLFKWPHWDOOUlGHU*HUPDQ\
                                           *PE+
               7HLOHW\S                  6$/


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



               0RWRUOHLVWXQJ   +DQGHOVEH]HLFKQXQJHQ ]XOlVVLJH5HLIHQJU|‰HQ                 $XIODJHQXQG+LQZHLVH
               N:                                   YRUQHXQGKLQWHQJJI$XIODJHQ
               ELV     6HDW/HRQ              5                            $ELV$
                               &XSUD                .                                 %).

                                                        5
                                                        .


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



               0RWRUOHLVWXQJ   +DQGHOVEH]HLFKQXQJHQ ]XOlVVLJH5HLIHQJU|‰HQ                 $XIODJHQXQG+LQZHLVH
               N:                                    YRUQHXQGKLQWHQJJI$XIODJHQ
               ELV      6HDW/HRQ/HRQ         5                           $ELV$
                               6SRUWVWRXUHU            $D17                    %)(.
                               $XVIKUXQJHQPLW
                               9HUEXQGOHQNHU          5
                               +LQWHUDFKVH            $.7
§22 54915*00




                                                        5
                                                        ....


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



               0RWRUOHLVWXQJ   +DQGHOVEH]HLFKQXQJHQ ]XOlVVLJH5HLIHQJU|‰HQ                 $XIODJHQXQG+LQZHLVH
               N:                                     YRUQHXQGKLQWHQJJI$XIODJHQ
               ELV     6HDW/HRQ/HRQ          5                          $ELV$
                               6SRUWVWRXUHU             .                               $%)(.
                               $XVIKUXQJHQPLW
                               0HKUOHQNHU+LQWHUDFKVH 5
                                                        .


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



               0RWRUOHLVWXQJ   +DQGHOVEH]HLFKQXQJHQ ]XOlVVLJH5HLIHQJU|‰HQ                 $XIODJHQXQG+LQZHLVH
               N:                                    YRUQHXQGKLQWHQJJI$XIODJHQ
               ELV     6HDW/HRQ&XSUD        5                           $ELV$
                               &XSUD6SRUWVWRXUHU      .1                          $%)

                                                        5
                                                        .
               *XWDFKWHQ]XU(UWHLOXQJGHU$%(1UQDFK†6W9=2
               1U                       5$$
               $QODJH1U                E
               6HLWH                     
               $XIWUDJJHEHU              6XSHULRU,QGXVWULHV/HLFKWPHWDOOUlGHU*HUPDQ\
                                           *PE+
               7HLOHW\S                  6$/


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



               0RWRUOHLVWXQJ   +DQGHOVEH]HLFKQXQJHQ ]XOlVVLJH5HLIHQJU|‰HQ                 $XIODJHQXQG+LQZHLVH
               N:                                   YRUQHXQGKLQWHQJJI$XIODJHQ
                            6HDW/HRQ              5                            $ELV$
                               &835$5                                                   %)
                                                      5

                                                       5
                                                       $..


               7\SHQ                       $%((**HQHKPLJXQJHQ
               .1                             H



               0RWRUOHLVWXQJ   +DQGHOVEH]HLFKQXQJHQ ]XOlVVLJH5HLIHQJU|‰HQ                 $XIODJHQXQG+LQZHLVH
               N:                                    YRUQHXQGKLQWHQJJI$XIODJHQ
               ELV     6HDW7DUUDFR            5                           $ELV$
                               RKQH                   $                                $%)
                               5DGKDXVYHUEUHLWHUXQJ
                                                       5
§22 54915*00




                                                       $.

                                                       5
                                                       $

                                                       5
                                                       $.


               7\SHQ                       $%((**HQHKPLJXQJHQ
               .1                             H



               0RWRUOHLVWXQJ   +DQGHOVEH]HLFKQXQJHQ ]XOlVVLJH5HLIHQJU|‰HQ                 $XIODJHQXQG+LQZHLVH
               N:                                    YRUQHXQGKLQWHQJJI$XIODJHQ
               ELV     6HDW7DUUDFR            5                           $ELV$
                               PLW                    $1                          $%)(
                               5DGKDXVYHUEUHLWHUXQJ
                                                       5
                                                       $

                                                       5

                                                       5
                                                       $

                                                       5


               $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
               *XWDFKWHQ]XU(UWHLOXQJGHU$%(1UQDFK†6W9=2
               1U                       5$$
               $QODJH1U                E
               6HLWH                     
               $XIWUDJJHEHU              6XSHULRU,QGXVWULHV/HLFKWPHWDOOUlGHU*HUPDQ\
                                           *PE+
               7HLOHW\S                  6$/


               $   :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

               $   '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
§22 54915*00




                      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$QEULQJXQJYRQ:XFKWJHZLFKWHQXQWHUKDOEGHV)HOJHQWLHIEHWWV
                      XQGRGHUGHU)HOJHQVFKXOWHUHLQJHVFKUlQNWVHLQ$XIJUXQGXQWHUVFKLHGOLFKHU%UHPVDQODJHQ
                      MHQDFK)DKU]HXJW\SLVWHVP|JOLFKGDVVXQWHUKDOEGHV)HOJHQWLHIEHWWVNHLQH.OHEHJHZLFKWH
                      PRQWLHUWZHUGHQN|QQHQ

               $   $XFK]XOlVVLJDQ)DKU]HXJHQPLW+\EULG$QWULHE+\EULG0LOG+\EULG3OXJLQ+\EULGGDVV
                      VLQG)DKU]HXJH)=GLHLQGHU=XODVVXQJVEHVFKHLQLJXQJ7HLO)=6FKHLQXQWHU3
                      +\EUHLQJHWUDJHQKDEHQ

               $   'LH9HUZHQGXQJYRQIHLQJOLHGULJHQ6FKQHHNHWWHQGLHQLFKWPHKUDOVPPDXIWUDJHQLVWQXU
                      DXIGHQ5lGHUQGHU9RUGHUDFKVH]XOlVVLJVLHKHDXFK%HGLHQXQJVDQOHLWXQJGHV
                      )DKU]HXJKHUVWHOOHUV
               *XWDFKWHQ]XU(UWHLOXQJGHU$%(1UQDFK†6W9=2
               1U                       5$$
               $QODJH1U                E
               6HLWH                     
               $XIWUDJJHEHU              6XSHULRU,QGXVWULHV/HLFKWPHWDOOUlGHU*HUPDQ\
                                           *PE+
               7HLOHW\S                  6$/


               $D 'LH9HUZHQGXQJYRQIHLQJOLHGULJHQ6FKQHHNHWWHQGLHQLFKWPHKUDOVPPDXIWUDJHQLVWQXU
                     DXIGHQ5lGHUQGHU9RUGHUDFKVH]XOlVVLJVLHKHDXFK%HGLHQXQJVDQOHLWXQJGHV
                     )DKU]HXJKHUVWHOOHUV

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

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

               %)   (VVLQGIROJHQGH%HIHVWLJXQJVWHLOH]XYHUZHQGHQ
                      $FKVH
                      6HULHQ5DGVFKUDXEH.XJHO‘PP*HZLQGH0[6FKDIWOlQJHPP
                      $Q]XJVPRPHQW1P

               %)   (VVLQGIROJHQGH%HIHVWLJXQJVWHLOH]XYHUZHQGHQ
                      $FKVH
§22 54915*00




                      6HULHQ5DGVFKUDXEH.XJHO‘PP*HZLQGH0[6FKDIWOlQJHPP
                      $Q]XJVPRPHQW1P

               %)   (VVLQGIROJHQGH%HIHVWLJXQJVWHLOH]XYHUZHQGHQ
                      $FKVH
                      6HULHQ5DGVFKUDXEH.XJHO‘PP.DORWWHEHZHJOLFK*HZLQGH0[6FKDIWOlQJH
                      PP
                      $Q]XJVPRPHQW1P

               (   1XU]XOlVVLJDQ)DKU]HXJDXVIKUXQJHQPLW9HUEXQGOHQNHUDFKVHDQ$FKVH,QGHU
                      =XODVVXQJVEHVFKHLQLJXQJ,)HOG'VWHKWDQXQG6WHOOHLP9HUVLRQHQVFKOVVHOÄ9/³

               (   1XU]XOlVVLJDQ)DKU]HXJDXVIKUXQJHQPLW0HKUOHQNHUDFKVHDQ$FKVH,QGHU
                      =XODVVXQJVEHVFKHLQLJXQJ,)HOG'VWHKWDQXQG6WHOOHLP9HUVLRQHQVFKOVVHOÄ0/³

               (   1XU]XOlVVLJDQ)DKU]HXJHQPLW5DGKDXVYHUEUHLWHUXQJHQGLHVHVLQGVHULHQPl‰LJDXFKPLWGHU
                      5HLIHQJU|‰H5DXVJHUVWHWRGHUKDEHQGLHVH5HLIHQJU|‰HDXFKLQGHQ
                      )DKU]HXJSDSLHUHQ)DKU]HXJVFKHLQ=XODVVXQJVEHVFKHLQLJXQJ,RGHU&2&3DSLHU
                      HLQJHWUDJHQ

               ()   1LFKW]XOlVVLJDQ)DKU]HXJDXVIKUXQJHQGLHVHULHQPl‰LJDQGHU9RUGHUXQGRGHUDQGHU
                      +LQWHUDFKVHQXUPLW5lGHUQDXVJHUVWHWRGHUGLHVHLQGHQ)DKU]HXJSDSLHUHQ
                      )DKU]HXJVFKHLQ=XODVVXQJVEHVFKHLQLJXQJ,RGHU&2&3DSLHU]XJHODVVHQVLQGGHUHQ
                      5DGGXUFKPHVVHUJU|‰HUDOVGHU5DGGXUFKPHVVHUGHV8PUVWUDGHVVLQGXQGRGHUGHUHQ
                      )HOJHQPDXOZHLWHJU|‰HUDOVGLH)HOJHQPDXOZHLWHGHV8PUVWUDGHVVLQG

               *   (VLVWGHU1DFKZHLV]XHUEULQJHQGDVVGLH$Q]HLJHGHV*HVFKZLQGLJNHLWVPHVVHUVXQGGHV
                      :HJVWUHFNHQ]lKOHUVLQQHUKDOEGHUJHVHW]OLFKYRUJHVFKULHEHQHQ7ROHUDQ]HQ†6W9=2
                      OLHJW6RIHUQGLH$Q]HLJHDQJHJOLFKHQZHUGHQPXVVNDQQGLHVH5DG5HLIHQ.RPELQDWLRQ
                      QLFKWDOVZDKOZHLVH$XVUVWXQJDXIGHU$QEDXEHVWlWLJXQJHLQJHWUDJHQZHUGHQ
               *XWDFKWHQ]XU(UWHLOXQJGHU$%(1UQDFK†6W9=2
               1U                       5$$
               $QODJH1U                E
               6HLWH                     
               $XIWUDJJHEHU              6XSHULRU,QGXVWULHV/HLFKWPHWDOOUlGHU*HUPDQ\
                                           *PE+
               7HLOHW\S                  6$/


               *6 %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

               *3 %HL)DKU]HXJHQGLHVHULHQPl‰LJQLFKWPLWHLQHUGHU%HUHLIXQJVJU|‰HQ5
                    5DXVJHUVWHWRGHUPLQHLQHUGLHVHU%HUHLIXQJVJU|‰HQLQGHQ)DKU]HXJSDSLHUHQ
                    )DKU]HXJVFKHLQ=XODVVXQJVEHVFKHLQLJXQJ,RGHU&2&3DSLHUE]ZLQGHU(**HQHKPLJXQJ
                    GHV)DKU]HXJHV]XJHODVVHQLVWVLQGGLH$XIODJHQ$XQG*]XEHDFKWHQ

               *6 %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

               *; %HL)DKU]HXJHQGLHVHULHQPl‰LJQLFKWPLWHLQHUGHU%HUHLIXQJVJU|‰HQ5
                    5555DXVJHUVWHWRGHUPLQHLQHUGLHVHU
§22 54915*00




                    %HUHLIXQJVJU|‰HQLQGHQ)DKU]HXJSDSLHUHQ)DKU]HXJVFKHLQ=XODVVXQJVEHVFKHLQLJXQJ,
                    RGHU&2&3DSLHUE]ZLQGHU(**HQHKPLJXQJGHV)DKU]HXJHV]XJHODVVHQLVWVLQGGLH
                    $XIODJHQ$XQG*]XEHDFKWHQ

               *9 %HL)DKU]HXJHQGLHVHULHQPl‰LJQLFKWPLWHLQHUGHU%HUHLIXQJVJU|‰HQ5
                    5DXVJHUVWHWRGHUPLQHLQHUGLHVHU%HUHLIXQJVJU|‰HQLQGHQ)DKU]HXJSDSLHUHQ
                    )DKU]HXJVFKHLQ=XODVVXQJVEHVFKHLQLJXQJ,RGHU&2&3DSLHUE]ZLQGHU(**HQHKPLJXQJ
                    GHV)DKU]HXJHV]XJHODVVHQLVWVLQGGLH$XIODJHQ$XQG*]XEHDFKWHQ

               *&3 %HL)DKU]HXJHQGLHVHULHQPl‰LJQLFKWPLWHLQHUGHU%HUHLIXQJVJU|‰HQ5
                    5555DXVJHUVWHWRGHUPLQHLQHUGLHVHU
                    %HUHLIXQJVJU|‰HQLQGHQ)DKU]HXJSDSLHUHQ)DKU]HXJVFKHLQ=XODVVXQJVEHVFKHLQLJXQJ,
                    RGHU&2&3DSLHUE]ZLQGHU(**HQHKPLJXQJGHV)DKU]HXJHV]XJHODVVHQLVWVLQGGLH
                    $XIODJHQ$XQG*]XEHDFKWHQ

               *.8 %HL)DKU]HXJHQGLHVHULHQPl‰LJQLFKWPLWHLQHUGHU%HUHLIXQJVJU|‰HQ5
                    555DXVJHUVWHWRGHUPLQHLQHUGLHVHU%HUHLIXQJVJU|‰HQLQ
                    GHQ)DKU]HXJSDSLHUHQ)DKU]HXJVFKHLQ=XODVVXQJVEHVFKHLQLJXQJ,RGHU&2&3DSLHUE]Z
                    LQGHU(**HQHKPLJXQJGHV)DKU]HXJHV]XJHODVVHQLVWVLQGGLH$XIODJHQ$XQG*]X
                    EHDFKWHQ

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

               .   'LH5DGDEGHFNXQJDQ$FKVHLVWGXUFK$XVVWHOOHQGHU)URQWVFKU]HXQGGHV.RWIOJHOVRGHU
                      GXUFK$QEDXYRQGDXHUKDIWEHIHVWLJWHQ.DURVVHULHWHLOHQLP%HUHLFKƒELVƒYRUGHU
                      5DGPLWWHKHU]XVWHOOHQ
                      'LHJHVDPWH%UHLWHGHU5DG5HLIHQNRPELQDWLRQPXVVXQWHU%HDFKWXQJGHVPD[LPDOP|JOLFKHQ
                      %HWULHEVPD‰HVGHV5HLIHQVIDFKHGHU1HQQEUHLWHGHV5HLIHQVLQGHPREHQ
                      JHQDQQWHQ%HUHLFKDEJHGHFNWVHLQ
               *XWDFKWHQ]XU(UWHLOXQJGHU$%(1UQDFK†6W9=2
               1U                       5$$
               $QODJH1U                E
               6HLWH                     
               $XIWUDJJHEHU              6XSHULRU,QGXVWULHV/HLFKWPHWDOOUlGHU*HUPDQ\
                                           *PE+
               7HLOHW\S                  6$/



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

               .   $Q$FKVHVLQGGLH5DGKDXVDXVVFKQLWWNDQWHQLP%HUHLFKYRQGHUVHLWOLFKHQ6FKXW]OHLVWH
                      E]Z6LFNHELV]XU6WR‰IlQJHUREHUNDQWHXP]XOHJHQ

               .   $Q$FKVHVLQGGLH5DGKDXVDXVVFKQLWWNDQWHQXPPPDXI]XZHLWHQ

               .   $Q$FKVHLVWGHUREHUH%HIHVWLJXQJVSXQNWGHV.XQVWVWRIILQQHQNRWIOJHOVLP%HUHLFKKLQWHU
                      GHU5DGPLWWHQDFKREHQ]XIRUPHQ

               .   $Q$FKVHLVWYRP.XQVWVWRIILQQHQNRWIOJHOLP%HUHLFKYRQFDƒYRUGHU5DGPLWWHELV
                      hEHUJDQJ]XP6WR‰IlQJHUHLQ6WUHLIHQYRQFDPP%UHLWHJHPHVVHQYRQGHU
                      5DGKDXVDXVVFKQLWWNDQWHDE]XWUHQQHQRGHUGLHVHUYROONRPPHQDQGDV%OHFKUDGKDXV
§22 54915*00




                      DQ]XOHJHQ

               .   $Q$FKVHLVW]XVlW]OLFKGLH5DGKDXVNDQWHLP%HUHLFKYRQFDƒYRUGHU5DGPLWWHELV
                      hEHUJDQJ]XP6WR‰IlQJHUDXI]XZHLWHQ

               .   8PHLQHDXVUHLFKHQGH)UHLJlQJLJNHLWGHU5DG5HLIHQ.RPELQDWLRQDQ$FKVH]X
                      JHZlKUOHLVWHQVLQGIROJHQGH0D‰QDKPHQHUIRUGHUOLFK
                      ‡ GHU)LO]LQQHQNRWIOJHOLVWLPJHVDPWHQ5DGKDXVNDQWHQEHUHLFKELV]XU6WR‰IlQJHUREHUNDQWH
                        HQJDQGDV5DGKDXV]XNOHEHQRGHUDXV]XVFKQHLGHQ

               0 'LH0RQWLHUEDUNHLWGLHVHU5HLIHQJU|‰HLVWDXIGHUKLHULP*XWDFKWHQEHVFKULHEHQHQ
                    )HOJHQJU|‰HQDFKGHU(75721RUPQLFKWIUHLJHJHEHQ)UGDVYHUZHQGHWH5HLIHQIDEULNDW
                    W\SLVWGLH0RQWLHUEDUNHLWGHV5HLIHQVDXIGHUKLHUEHVFKULHEHQHQ)HOJHQJU|‰HGXUFKHLQH
                    %HVWlWLJXQJGHVMHZHLOLJHQ5HLIHQKHUVWHOOHUVQDFK]XZHLVHQ

               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

               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

               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                E
               6HLWH                     
               $XIWUDJJHEHU              6XSHULRU,QGXVWULHV/HLFKWPHWDOOUlGHU*HUPDQ\
                                           *PE+
               7HLOHW\S                  6$/


               7   1XU]XOlVVLJDQ)DKU]HXJHQPLWHLQHU]XOlVVLJHQ$FKVODVWELVPD[NJEHL/,'LH
                      7UDJIlKLJNHLWGHV=55HLIHQVPXVVGDQQPLQNJEHWUDJHQ$QJDEHQVWHKHQDXIGHP
                      5HLIHQ$XIODJH$LVWMHGRFKJHQHUHOO]XEHDFKWHQ

               7   1XU]XOlVVLJDQ)DKU]HXJHQPLWHLQHU]XOlVVLJHQ$FKVODVWELVPD[NJEHL/,'LH
                      7UDJIlKLJNHLWGHV=55HLIHQVPXVVGDQQPLQNJEHWUDJHQ$QJDEHQVWHKHQDXIGHP
                      5HLIHQ$XIODJH$LVWMHGRFKJHQHUHOO]XEHDFKWHQ

               7   1XU]XOlVVLJDQ)DKU]HXJHQPLWHLQHU]XOlVVLJHQ$FKVODVWELVPD[NJEHL/,'LH
                      7UDJIlKLJNHLWGHV=55HLIHQVPXVVGDQQPLQNJEHWUDJHQ$QJDEHQVWHKHQDXIGHP
                      5HLIHQ$XIODJH$LVWMHGRFKJHQHUHOO]XEHDFKWHQ

               7   1XU]XOlVVLJDQ)DKU]HXJHQPLWHLQHU]XOlVVLJHQ$FKVODVWELVPD[NJEHL/,'LH
                      7UDJIlKLJNHLWGHV=55HLIHQVPXVVGDQQPLQNJEHWUDJHQ$QJDEHQVWHKHQDXIGHP
                      5HLIHQ$XIODJH$LVWMHGRFKJHQHUHOO]XEHDFKWHQ

               7   1XU]XOlVVLJDQ)DKU]HXJHQPLWHLQHU]XOlVVLJHQ$FKVODVWELVPD[NJEHL/,'LH
                      7UDJIlKLJNHLWGHV=55HLIHQVPXVVGDQQPLQNJEHWUDJHQ$QJDEHQVWHKHQDXIGHP
                      5HLIHQ$XIODJH$LVWMHGRFKJHQHUHOO]XEHDFKWHQ
§22 54915*00




               9   'LH9HUZHQGXQJGLHVHU5HLIHQNRPELQDWLRQXQWHUVFKLHGOLFKH5HLIHQJU|‰HQDQGHU9RUGHU
                      XQG+LQWHUDFKVHLVWQXU]XOlVVLJVRIHUQGLH$%9$%6(LJQXQJQDFKJHZLHVHQZXUGH'LHV
                      LVWP|JOLFKGXUFKHLQH%HVWlWLJXQJGHVMHZHLOLJHQ5HLIHQRGHU)DKU]HXJKHUVWHOOHUV)DOOVHV
                      VLFKXPHLQHVHULHQPl‰LJH5HLIHQNRPELQDWLRQKDQGHOWXQGGLHVHRKQH(LQVFKUlQNXQJGHU
                      5HLIHQIDEULNDWHW\SHQYRP)DKU]HXJKHUVWHOOHUIUHLJHJHEHQLVWHQWIlOOWGLH1RWZHQGLJNHLW
                      HLQHVHQWVSUHFKHQGHQ1DFKZHLVHV

               'LH$QODJHEPLWGHQ6HLWHQKDWQXU*OWLJNHLWLQ9HUELQGXQJPLWGHP*XWDFKWHQIU6RQGHUUlGHU
               7\S6$/GHV$XIWUDJJHEHUV6XSHULRU,QGXVWULHV/HLFKWPHWDOOUlGHU*HUPDQ\*PE+

               *HVFKlIWVVWHOOH(VVHQ