Catálogo Pe-tra Viajes

Contenido del Catálogo

Información del Catálogo

Contenuto Grezzo:

#CulturasAncestrales
2021-2022

- Asia y África

MAKE YOUR
NEXT HOLIDAY

YOUR
BEST
HOLIDAY
So you’re dreaming about your next
holiday, about a place where the
weather is amazing and the beaches
are stunning, where you can relax,
have fun, try tasty new dishes,
discover new sights, a place where
you can be inspired. Soon, you won’t
have to dream, soon, you’ll be to able do it all.

Tel Aviv & Jerusalem
It’s gonna be worth the wait.

Indice
"#$!!"#!$%&!'()*+#
"6#!!"#!$%&!4)*#=,#
"#$!!'()*+#!$),&-.%
"6%!!"*!6%2*)!:%!4)*#=,#D!'1&*C%-,#!3!! !
"#$!!/#01%1!$#2*1!3!4#+,.#&%1!56+%),#&%1
!
$*1-,#
"%"!!"#!'()*+#!7*.#&!8
"63!!"#!6#G,#!:%!'1=#-:,-#C,#D!$Y&.,=*1!3!!
"%"!!"#!'()*+#!7*.#&!9
!
S(1,#!
"%"!!'()*+#!:%!;*).%!#!<()
&
'0+,9,;&+*)/(<,=&>&8,))('-*0
"63!!7%1*)*1!:%&!;*).%
&
""$!!B-:#&(=0#!$),&-.%
"6$!!S(6#-0#!)*6Y-.,=#
&
'()*+,&-*.&'.-,./*
""6!!'E.%-1,V-!#!A#))(%=*1!:%1:%!4*1.#!!
"6$!!/*&*-,#!A#)#C,&&*1#
"%#!!'()*+#!=*-!'-=#-.*!8
!
:%&!<*&
"66!!S(1,#!8
"%#!!'()*+#!=*-!'-=#-.*!9
"4"!!/*).(G#&!$),&-.%
"66!!S(1,#!9
"%#!!'()*+#!=*-!'-=#-.*!>
"44!!/)%W.*()!$#)=%&*-#D!A#:),:
4""!! <#-!/%.%)1J()G*D!A*1=`!3!B-,&&*!:%!*)*
"#$!!"#!$%&!'()*+#
""5!!;(%1.)#!'(),11,6#!9P98U99
""5!!;(%1.)#!'(),11,6#!9P98U99
"6#!!"#!$%&!4)*#=,#
"45!!/*).(G#&!3!B-:#&(=0#!'1+%=.#=()
4"4!!/#01%1!$Y&.,=*1!
"#$!!'()*+#!$),&-.%
""!!!5-:,=%
""!!!5-:,=%
"6%!!"*!6%2*)!:%!4)*#=,#D!'1&*C%-,#!3!! !
&
0,./(,)1*0&2'&'()*+,
"4!!!'E.%-1,V-!#!A#))(%=*1!:%1:%!4*1.#!!
4"4!!/#01%1!$Y&.,=*1!3!S(1,#
"#$!!/#01%1!$#2*1!3!4#+,.#&%1!56+%),#&%1
""#!!;(%1.)#!+)*G)#6#=,V-!:%!=,)=(,.*1
""#!!;(%1.)#!+)*G)#6#=,V-!:%!=,)=(,.*1
!
$*1-,#
"%$!!<#-.(#),*1!:%!'()*+#!8
!
:%&!<*&
&
"%"!!"#!'()*+#!7*.#&!8 &
""3!!B.%-=,*-%1!3!:%1=(%-.*1!%1+%=,#&%1
""3!!B.%-=,*-%1!3!:%1=(%-.*1!%1+%=,#&%1
"63!!"#!6#G,#!:%!'1=#-:,-#C,#D!$Y&.,=*1!3!!
"%$!!<#-.(#),*1!:%!'()*+#!9
8'21/'))?.'*&>&8'21*&*)1'./'
"4#!! $#)=%&*-#D!<#-.,#G*D!/*).(G#&!3!A#:),:
"%"!!"#!'()*+#!7*.#&!9 4"!!!7,%))#!:%!X#)#*-%1!8!
!
S(1,#!
"3"!!<#-.(#),*1!:%!'()*+#!>
"4%!!'E.%-1,V-!#!B-:#&(=0#!3!A#))(%=*1!!
"%"!!'()*+#!:%!;*).%!#!<()4"!!!7,%))#!:%!X#)#*-%1!9
'0+,9,;&+*)/(<,=&>&8,))('-*0
& "63!!7%1*)*1!:%&!;*).%
'0+,9,;&+*)/(<,=&>&8,))('-*0
"34!!<#-.(#),*1!:%!'()*+#!?
!
:%1:%!XY.,6# &
&
""$!!B-:#&(=0#!$),&-.% "35!!<#-.(#),*1!:%!'()*+#!@
""$!!B-:#&(=0#!$),&-.%
"6$!!S(6#-0#!)*6Y-.,=#
4"#! !7,%))#!<#-.#D!a*):#-,#!3!'G,+.*!Q!!
"43!!;*).%!:%!'1+#I#!3!/*).(G#&
&
'()*+,&-*.&'.-,./*
""6!!'E.%-1,V-!#!A#))(%=*1!:%1:%!4*1.#!!
"6$!!/*&*-,#!A#)#C,&&*1#
!
4)(=%)*
"47!!;*).%!:%!'1+#I#""6!!'E.%-1,V-!#!A#))(%=*1!:%1:%!4*1.#!!
:%&!<*&
! "66!!S(1,#!8
:%&!<*&
&
'()*+,/() "%#!!'()*+#!=*-!'-=#-.*!84"#!!7,%))#!<#-.#D!a*):#-,#!3!'G,+.*
"4$!!'1+#I#!7*.#& !
"4"!!/*).(G#&!$),&-.% "3#!!'()*+#.()!8! "%#!!'()*+#!=*-!'-=#-.*!94"#!!7,%))#!<#-.#!3!a*):#-,#
"4"!!/*).(G#&!$),&-.%
"66!!S(1,#!9
"46!!'E.%-1,V-!#!A#))(%=*1!:%1:%!4*1.#!!
"44!!/)%W.*()!$#)=%&*-#D!A#:),:
4""!! <#-!/%.%)1J()G*D!A*1=`!3!B-,&&*!:%!*)*
"3#!!'()*+#.()!9! "%#!!'()*+#!=*-!'-=#-.*!>4"3!!7,%))#!<#-.#! "44!!/)%W.*()!$#)=%&*-#D!A#:),:
!
:%&!<*&
"45!!/*).(G#&!3!B-:#&(=0#!'1+%=.#=()
4"4!!/#01%1!$Y&.,=*1!
"3#!!'()*+#.()!>
4"3!!51)#%&!'E+)%11"45!!/*).(G#&!3!B-:#&(=0#!'1+%=.#=()
"5"!!7*:#!'1+#I#!3!/*).(G#&!
&
0,./(,)1*0&2'&'()*+,
"4!!!'E.%-1,V-!#!A#))(%=*1!:%1:%!4*1.#!!
"4!!!'E.%-1,V-!#!A#))(%=*1!:%1:%!4*1.#!!
4"4!!/#01%1!$Y&.,=*1!3!S(1,#
"33!!'()*+#.()!?
4"7!!a*3#1!:%!a*):#-,#!
"54!!'E.%-1,V-!#!A#))(%=*1
"%$!!<#-.(#),*1!:%!'()*+#!8
!
:%&!<*&
! & :%&!<*&
"33!!'()*+#.()!@
4"7!!a*):#-,#!'E+)%11
"55!!A#))(%=*1!56+%),#&
"%$!!<#-.(#),*1!:%!'()*+#!9
"4#!! $#)=%&*-#D!<#-.,#G*D!/*).(G#&!3!A#:),:
"4#!!
& $#)=%&*-#D!<#-.,#G*D!/*).(G#&!3!A#:),:
8'21/'))?.'*&>&8'21*&*)1'./'
4"$!!'1.#-=,#1!%-!51!R),%G#1
"55!!A#))(%=*1!3!Z%1,%).*
"3"!!<#-.(#),*1!:%!'()*+#!>
"4%!!'E.%-1,V-!#!B-:#&(=0#!3!A#))(%=*1!!
"4%!!'E.%-1,V-!#!B-:#&(=0#!3!A#))(%=*1!!
4"!!!7,%))#!:%!X#)#*-%1!8!
&
'()*+,&'.&/)'.
4"6!!4)(=%)*1!51!R),%G#1!8
"5!!!A#))(%=*1!:%1:%!4*1.#!:%&!<*&
"34!!<#-.(#),*1!:%!'()*+#!?
:%1:%!XY.,6#
! 4"!!!7,%))#!:%!X#)#*-%1!9
:%1:%!XY.,6#
"3$!!A#:),:!3!$#)=%&*-#!%-!BC%
4"6!!4)(=%)*1!51!R),%G#1!9
"5!!!A#))(%=*1!L!Z0#1!
"35!!<#-.(#),*1!:%!'()*+#!@
"43!!;*).%!:%!'1+#I#!3!/*).(G#&
"43!!;*).%!:%!'1+#I#!3!/*).(G#&
4"#! !7,%))#!<#-.#D!a*):#-,#!3!'G,+.*!Q!!
"3$!!$#)=%&*-#D!A#:),:!3!<%C,&!%-!BC%
44"!!"#!J%&!7()\(0#!3!4)(=%)*!51!!
!
"47!!;*).%!:%!'1+#I#
"47!!;*).%!:%!'1+#I#
!
4)(=%)*
"36!!5.#&,#!'E+)%11
!
R),%G#1
!
1/,=1,
&
'()*+,/()
"4$!!'1+#I#!7*.#&
4"#!!7,%))#!<#-.#D!a*):#-,#!3!'G,+.*
"36!!/#)01D!$)(1%D!F61.%):#6!%-!7)%444!!7()\(0#!#!1(!#&=#-=%
"5%!!5.#&,#!$),&-.% "4$!!'1+#I#!7*.#&
"3#!!'()*+#.()!8!
"46!!'E.%-1,V-!#!A#))(%=*1!:%1:%!4*1.#!!
"46!!'E.%-1,V-!#!A#))(%=*1!:%1:%!4*1.#!!
4"#!!7,%))#!<#-.#!3!a*):#-,#
"7"!!/)#G#D!H,%-#!3!$(:#+%1.!%-!.)%445!!7()\(0#!4&Y1,=#!
"53!!4*&*)%1!:%!5.#&,#!3!'1+#I#
"3#!!'()*+#.()!9!
!
:%&!<*&
! 4"3!!7,%))#!<#-.#!
:%&!<*&
"7"!!"*-:)%1!3!/#)01!%-!'()*1.#)
445!!A#)#C,&!:%!7()\(0#
"53!!4*&*)%1!:%!5.#&,#D!'1+#I#!3!/*).(G#&
"3#!!'()*+#.()!>
"5"!!7*:#!'1+#I#!3!/*).(G#&!
"5"!!7*:#!'1+#I#!3!/*).(G#&!
4"3!!51)#%&!'E+)%11
44!!!Z(J#,!'1+%=.#=()!
"5$!!5.#&,#!Z%C*.#[!<#-.(#),*1!:%!5.#&,#
"33!!'()*+#.()!?
"54!!'E.%-1,V-!#!A#))(%=*1&
4"7!!a*3#1!:%!a*):#-,#!
'()*+,&'.&-*8+,9:,
44!!!Z(J#,!'E+)%11"54!!'E.%-1,V-!#!A#))(%=*1
"56!!5.#&,#!A#G,=#[!7*1=#-#!3!4,-\(%!7%))%
"33!!'()*+#.()!@
"55!!A#))(%=*1!56+%),#& "75!!'()*+#!%-!4*6+#I0#!5JK),=#!8
"55!!A#))(%=*1!56+%),#&
4"7!!a*):#-,#!'E+)%11
44#!!7()\(0#!3!Z(J#,!
"56!!5.#&,#!'1+%=.#=()[!7*1=#-#!3!1(1!H,-*1
"55!!A#))(%=*1!3!Z%1,%).* "75!!'()*+#!%-!4*6+#I0#!5JK),=#!9
"55!!A#))(%=*1!3!Z%1,%).*
4"$!!'1.#-=,#1!%-!51!R),%G#1
44#! !'G,+.*!3!Z(J#,
"!"!!5.#&,#!:%!;*).%!#!<()
&
'()*+,&'.&/)'. 44%! !5-:,#!3!Z(J#,"5!!!A#))(%=*1!:%1:%!4*1.#!:%&!<*&
"5!!!A#))(%=*1!:%1:%!4*1.#!:%&!<*&
4"6!!4)(=%)*1!51!R),%G#1!8
"7#!!'()*+#!%-!4*6+#I0#!5JK),=#!>
"!"5RPD&RVWD$PDOƓWDQD1£SROHV\
"3$!!A#:),:!3!$#)=%&*-#!%-!BC%
"5!!!A#))(%=*1!L!Z0#1 "7#!!'()*+#!%-!4*6+#I0#!5JK),=#!?
"5!!!A#))(%=*1!L!Z0#1
4"6!!4)(=%)*1!51!R),%G#1!9
443!!4(-#!:%!!=,C,&,b#=,*-%1
!
<,=,&,#
"3$!!$#)=%&*-#D!A#:),:!3!<%C,&!%-!BC%
44"!!"#!J%&!7()\(0#!3!4)(=%)*!51!! !
"73!!'()*+#!%-!4*6+#I0#!8
"!"!!A#)#C,&!:%!<,=,&,#
"36!!5.#&,#!'E+)%11
!
1/,=1,
R),%G#1
"73!!'()*+#!%-!4*6+#I0#!9
!
*)1'./' ! ! 1/,=1,
"36!!/#)01D!$)(1%D!F61.%):#6!%-!7)%"5%!!5.#&,#!$),&-.%
"5%!!5.#&,#!$),&-.%
444!!7()\(0#!#!1(!#&=#-=%
"73!!'()*+#!%-!4*6+#I0#!>
446!!'-=#-.*1!:%!5-:,#
&
'()*+,&*--12'./,=
"7"!!/)#G#D!H,%-#!3!$(:#+%1.!%-!.)%"53!!4*&*)%1!:%!5.#&,#!3!'1+#I#
"53!!4*&*)%1!:%!5.#&,#!3!'1+#I#
445!!7()\(0#!4&Y1,=#!
"7$!!'()*+#!%-!4*6+#I0#!?
45"!!5-:,11,6#!4&Y1,=#!3!7),Y-G(&*!:%!c)*
"!!!!4#+,.#&%1!:%!'()*+#!8
"7"!!"*-:)%1!3!/#)01!%-!'()*1.#)
"53!!4*&*)%1!:%!5.#&,#D!'1+#I#!3!/*).(G#&
"53!!4*&*)%1!:%!5.#&,#D!'1+#I#!3!/*).(G#&
445!!A#)#C,&!:%!7()\(0#
"7$!!'()*+#!%-!4*6+#I0#!@
45"!!5-:011,6#!A01.,=#!
"!#!!4#+,.#&%1!:%!'()*+#!9
"5$!!5.#&,#!Z%C*.#[!<#-.(#),*1!:%!5.#&,#
44!!!Z(J#,!'1+%=.#=()!
"7$!!'()*+#!%-!4*6+#I0#!L
45"!!'1%-=,#1!:%!5-:,#!3!;%+#&
"!#!!/#1%*!+*)!'()*+#"5$!!5.#&,#!Z%C*.#[!<#-.(#),*1!:%!5.#&,#
&
'()*+,&'.&-*8+,9:,
"56!!5.#&,#!A#G,=#[!7*1=#-#!3!4,-\(%!7%))%
44!!!Z(J#,!'E+)%11
"$"!!'()*+#!%-!4*6+#I0#!MB
455!!$#-Gd*d!3!a*3#1!:%!7#,-:,#
"!3!!'()*+#!<(+%),*)"56!!5.#&,#!A#G,=#[!7*1=#-#!3!4,-\(%!7%))%
"75!!'()*+#!%-!4*6+#I0#!5JK),=#!8
"56!!5.#&,#!'1+%=.#=()[!7*1=#-#!3!1(1!H,-*1
"56!!5.#&,#!'1+%=.#=()[!7*1=#-#!3!1(1!H,-*1
44#!!7()\(0#!3!Z(J#,!
"$"!!'()*+#!%-!4*6+#I0#!M$
455!!a*3#1!:%!4#6J*3#D!<,%6!S%#+!3!!!
"!7!!4,(:#:%1!56+%),#&%1!8
"75!!'()*+#!%-!4*6+#I0#!5JK),=#!9
"!"!!5.#&,#!:%!;*).%!#!<() "$"!!'()*+#!%-!4*6+#I0#!N
"!"!!5.#&,#!:%!;*).%!#!<()
44#! !'G,+.*!3!Z(J#,
!
7%6+&*!:%!B-Gd*)!e#.!
"!7!!4,(:#:%1!56+%),#&%1!9
"7#!!'()*+#!%-!4*6+#I0#!5JK),=#!>
"!"5RPD&RVWD$PDOƓWDQD1£SROHV\
44%! !5-:,#!3!Z(J#,
"$5!!'()*+#!%-!4*6+#I0#!O
455!!a*3#1!:%!H,%.-#6
"!$!!'(),11,6#!8! "!"5RPD&RVWD$PDOƓWDQD1£SROHV\
"7#!!'()*+#!%-!4*6+#I0#!5JK),=#!?
<,=,&,#
! 443!!4(-#!:%!!=,C,&,b#=,*-%1
<,=,&,#
"$5!!'()*+#!%-!4*6+#I0#!8P
45#! !4],-#!%1%-=,#&
"!$!!'(),11,6#!9! !
"73!!'()*+#!%-!4*6+#I0#!8
"!"!!A#)#C,&!:%!<,=,&,#
45#! !4],-#!56+%),#&!
"!$!!'()*+#!AYE,6# "!"!!A#)#C,&!:%!<,=,&,# "$#!!'()*+#!%-!4*6+#I0#!88
"73!!'()*+#!%-!4*6+#I0#!9
!
*)1'./'
"$#!!'()*+#!%-!4*6+#I0#!89
45#! !'E.%-1,V-!_*-G!f*-G
"#"!!;(%C#!'()*+#!8!
"73!!'()*+#!%-!4*6+#I0#!>
'()*+,&*--12'./,="$#!!'()*+#!%-!4*6+#I0#!8L
'()*+,&*--12'./,=
45%!!a#+V-!601.,=*& 446!!'-=#-.*1!:%!5-:,#
"#"!!;(%C#!'()*+#!9!&
"7$!!'()*+#!%-!4*6+#I0#!?
"!!!!4#+,.#&%1!:%!'()*+#!8
45"!!5-:,11,6#!4&Y1,=#!3!7),Y-G(&*!:%!c)*
453!!a#+V-!:%1=*-*=,:*!3!601.,=*
"#"!!;(%C#!'()*+#!> "!!!!4#+,.#&%1!:%!'()*+#!8"$7!!'()*+#!%-!4*6+#I0#!89Q8
"7$!!'()*+#!%-!4*6+#I0#!@
"!#!!4#+,.#&%1!:%!'()*+#!9"$$!!'()*+#!%-!4*6+#I0#!8?
"!#!!4#+,.#&%1!:%!'()*+#!9
45"!!5-:011,6#!A01.,=#!
457! !56YG%-%1!:%!a#+V-!3!4],-#
"#5(XURSD0DJQ¯ƓFD
"7$!!'()*+#!%-!4*6+#I0#!L
"!#!!/#1%*!+*)!'()*+# "$$!!'()*+#!%-!4*6+#I0#!8@
"!#!!/#1%*!+*)!'()*+#
45"!!'1%-=,#1!:%!5-:,#!3!;%+#&
"#5!!4#+),=]*1!:%!'()*+#!
"$"!!'()*+#!%-!4*6+#I0#!MB
"!3!!'()*+#!<(+%),*)
455!!$#-Gd*d!3!a*3#1!:%!7#,-:,#
45$!!;*=]%1!#:,=,*-#&%1
"#5!!"(=%1!:%!'()*+#"!3!!'()*+#!<(+%),*)
"$"!!'()*+#!%-!4*6+#I0#!M$
"!7!!4,(:#:%1!56+%),#&%1!8
455!!a*3#1!:%!4#6J*3#D!<,%6!S%#+!3!!!
'()*+,;&*/)*0&2'0/1.*0
456!!;(%1.)*1!]*.%&%1!1%&%=.*1
"##!!'()*+#!'.%)-# "!7!!4,(:#:%1!56+%),#&%1!8&
"$"!!'()*+#!%-!4*6+#I0#!N
"!7!!4,(:#:%1!56+%),#&%1!9"64!!"*!6%2*)!:%!5-G.%))#!3!'1=*=,#
"!7!!4,(:#:%1!56+%),#&%1!9
!
7%6+&*!:%!B-Gd*)!e#.!
4!"!!4*-:,=,*-%1!R%-%)#&%1!9P98U9P99
"##!!'()*+#!R)#-:,*1#
"$5!!'()*+#!%-!4*6+#I0#!O
"!$!!'(),11,6#!8!
"!$!!'(),11,6#!8!
455!!a*3#1!:%!H,%.-#6
"65!!A#)#C,&!:%!5-G.%))#D!'1=*=,#!%!!
"#3!!A#)#C,&!:%!'()*+#
"$5!!'()*+#!%-!4*6+#I0#!8P
"!$!!'(),11,6#!9!
"!$!!'(),11,6#!9!
45#! !4],-#!%1%-=,#&
!
5)-:#
"#3!!'()*+#!B).%!^!_,1.*),#!8
"$#!!'()*+#!%-!4*6+#I0#!88
"!$!!'()*+#!AYE,6#
"!$!!'()*+#!AYE,6#
45#! !4],-#!56+%),#&!
"6!!!R)#-!7*()!:%&!S%,-*!T-,:*!%!5)-:#
"#3!!'()*+#!B).%!^!_,1.*),#!9
"$#!!'()*+#!%-!4*6+#I0#!89
"#"!!;(%C#!'()*+#!8!
"#"!!;(%C#!'()*+#!8!
45#! !'E.%-1,V-!_*-G!f*-G
"$#!!'()*+#!%-!4*6+#I0#!8L
"#"!!;(%C#!'()*+#!9!
"#"!!;(%C#!'()*+#!9!
45%!!a#+V-!601.,=*
"$7!!'()*+#!%-!4*6+#I0#!89Q8
"#"!!;(%C#!'()*+#!>
"#"!!;(%C#!'()*+#!>
453!!a#+V-!:%1=*-*=,:*!3!601.,=*
"$$!!'()*+#!%-!4*6+#I0#!8?
"#5(XURSD0DJQ¯ƓFD
"#5(XURSD0DJQ¯ƓFD
457! !56YG%-%1!:%!a#+V-!3!4],-#
"$$!!'()*+#!%-!4*6+#I0#!8@ !"#$%%$&'()*+,-.+/01)2324)5)2322
"#5!!4#+),=]*1!:%!'()*+#!
"#5!!4#+),=]*1!:%!'()*+#! !
"#5!!"(=%1!:%!'()*+#
"#5!!"(=%1!:%!'()*+#
45$!!;*=]%1!#:,=,*-#&%1
&
'()*+,;&*/)*0&2'0/1.*0
"##!!'()*+#!'.%)-#
"##!!'()*+#!'.%)-#
456!!;(%1.)*1!]*.%&%1!1%&%=.*1
""5!!;(%1.)#!'(),11,6#!9P98U99
""!!!5-:,=%
""#!!;(%1.)#!+)*G)#6#=,V-!:%!=,)=(,.*1
""3!!B.%-=,*-%1!3!:%1=(%-.*1!%1+%=,#&%1

Indice

"#$!!"#!$%&!'
"#$!!'()*+#!$
"#$!!/#01%1!$#
"%"!!"#!'()*+
"%"!!"#!'()*+
"%"!!'()*+#!:
&
&
'()*+,
"%#!!'()*+#!=
"%#!!'()*+#!=
"%#!!'()*+#!=

&
0,./(,
"%$!!<#-.(#),
"%$!!<#-.(#),
"3"!!<#-.(#),
"34!!<#-.(#),
"35!!<#-.(#),

&
'()*+,
"3#!!'()*+#.(
"3#!!'()*+#.(
"3#!!'()*+#.(
"33!!'()*+#.(
"33!!'()*+#.(

&
'()*+,
"3$!!A#:),:!3
"3$!!$#)=%&*"36!!5.#&,#!'E+
"36!!/#)01D!$)(
"7"!!/)#G#D!H,
"7"!!"*-:)%1!

&
'()*+,
"75!!'()*+#!%
"75!!'()*+#!%
"7#!!'()*+#!%
"7#!!'()*+#!%
"73!!'()*+#!%
"73!!'()*+#!%
"73!!'()*+#!%
"7$!!'()*+#!%
"7$!!'()*+#!%
"7$!!'()*+#!%
"$"!!'()*+#!%
"$"!!'()*+#!%
"$"!!'()*+#!%
"$5!!'()*+#!%
"$5!!'()*+#!%
"$#!!'()*+#!%
"$#!!'()*+#!%
"$#!!'()*+#!%
"$7!!'()*+#!%
"$$!!'()*+#!%
"$$!!'()*+#!%
&

'()*+,

F#(%G*,00"'()%'"'(,#(G*,(B("(I(4%'%<,."'(,'$J#(/+%<%#-"(<*#$"'(,#(E%1+$%)+5#(
-"10,("($.+40,($,#-.8#(-,.,)E"(%(*#('"0"($.%'0%-"(-,(00,9%-%(3('%0+-%(-,'-,("(
E%'$%(,0(%,."4*,.$"('"0+)+$%-"6(;+(0"'(4%'%<,."'(,'$*/+,.%#(00,9%#-"("('%0+,#-"(
,#(/*,0"'(3(E".%'(-+>,.,#$,'('"0%&,#$,($,#-.8#(-,.,)E"(%(*#($.%'0%-"=(-,1+,#2
-"('"0+)+$%.(,0($.%'0%-"(%-+)+"#%0(,#()%'"(-,(%'?(-,',%.0"(3(4%9%.(,0('*40,&,#$"(
)"..,'4"#-+,#$,(%(,'$,(',9*#-"($.%'0%-"6
F#(0"'($.%'0%-"'(-,(00,9%-%(',(,'$%10,),(*#($+,&4"(-,(,'4,.%(-,(*#%(E".%(-,'-,(
0%(00,9%-%(-,0(/*,0"("(,0($.,#(4%.%(,0(,#)*,#$."()"#(0"'(4%'%<,."'6(;+(4".()*%0G*+,.(
+&4.,/+'$"(,0(4%'%<,."(,'$+&%(G*,(#,),'+$%.8(&8'($+,&4"(-,'-,(,0(%$,..+:%<,(-,0(
YXHORROOHJDGDGHOWUHQKDVWDFRQWDFWDUFRQVXWUDQVIHULVWDGHEHU£QRWLƓFDUORLQ2
&,-+%$%&,#$,( 3( %#$,'( -,( )*&40+-%( 0%( E".%( -,( ,'4,.%( &8@+&%( ,#( 0"'( -+'$+#$"'(
WHO«IRQRVGHHPHUJHQFLDVTXHƓJXUDQHQVXERQRGHORFRQWUDULRH[FHGLGRHO
$+,&4"(&8@+&"(-,(,'4,.%(3('+#(#"$+)+%'(-,(0"'(4%'%<,."'=(0"'($.%#'>,.+'$%'(%1%#2
-"#%.8#(0%(:"#%(-,(,'4,.%(3(,0(',./+)+"(',()"#'+-,.%.8(K#"('E"LM(4".(0"(G*,(0"'(
)0+,#$,'(-,1,.8#(-,'40%:%.',(4".('*'(&,-+"'(%0(%0"<%&+,#$"(4.,/+'$"(#"($,#+,#-"(
-,.,)E"(%(.,,&1"0'"(%09*#"6

#=,#
4)*#=,#D!'1&*C%-,#!3!! !

!'1=#-:,-#C,#D!$Y&.,=*1!3!!

;*).%
6Y-.,=#
#C,&&*1#

"#$%&'()

)'*+'(,(-./")

)G*D!A*1=`!3!B-,&&*!:%!*)*
*1!
*1!3!S(1,#

0$1-.'-#.&*%

?.'*&>&8'21*&*)1'./'
#*-%1!8!
#*-%1!9
D!a*):#-,#!3!'G,+.*!Q!!

!a*):#-,#!3!'G,+.*
3!a*):#-,#

11
:#-,#!
+)%11
!51!R),%G#1
))*678$#&'*$97)$7&!:$';')<)='#'7;>'):!)%'?$:'%
#1!R),%G#1!8
#1!R),%G#1!9!"#$%&"'()"#(*#('+'$,&%(-,(.,',./%'("#0+#,(,#(&%#"'(-,(#*,'$."'(-+'$.+1*+-".,'(
\(0#!3!4)(=%)*!51!!
!
DXWRUL]DGRVHQFDGDSD¯V(VWHVLVWHPDSRGU£FRQƓUPDUVXVROLFLWXGGHIRUPDLQ2

&,-+%$%(3(4."),-,.(%(,&+$+.('*(-")*&,#$%)+5#(,#(,0($+,&4"("4".$*#"6(7%(.,',./%(
!#&=#-=% GHEHKDFHUVHFRQHOQRPEUHFRPSOHWRWDOFRPRƓJXUDHQHOSDVDSRUWH

,=#!
%!7()\(0#
.#=()! 8QDYH]FRQƓUPDGDVXVROLFLWXG\KHFKRHOSDJRGHOGHSµVLWRSUHFHSWLYRVXYLDMH
,'$8( 9%.%#$+:%-"6( ;+( ,#( %09*#%( ")%'+5#( 4".( )%*'%'( +&4.,/+'$%'( *#( /+%<,( -,1+,.%(
11
(J#,!
',.()%#),0%-"=(',(0,(>%)+0+$%.?%#(*#%("(&8'("4)+"#,'(4%.%(.,%0+:%.('*(/+%<,(,#(1%',(
J#,
%(*#(4."9.%&%(%0$,.#%$+/"('+#()"'$,(,@$.%(A/,.(4"0?$+)%(-,()%#),0%)+5#(489+#%(BCBD
#,
=,C,&,b#=,*-%1

));#'%?':6):!)??!=':')<)%'?$:'

!"&"(',(+#>".&%(,#()%-%(*#"(-,(0"'(4."9.%&%'(-,(,'$,()%$80"9"(',(+#)0*3,#(0"'(
!5-:,#
Y1,=#!3!7),Y-G(&*!:%!c)*
$.%'0%-"'(-,'-,(,0(%,."4*,.$"(4.+#)+4%0("(,'$%)+5#(%0(E"$,0(%0(+#+)+"=(,(+9*%0&,#$,(
01.,=#!
GHOKRWHODODHURSXHUWRSULQFLSDORHVWDFLµQDOƓQGHOFLUFXLWR
5-:,#!3!;%+#&
*3#1!:%!7#,-:,#
F#(%G*,00"'()%'"'(,#(G*,(,@4.,'%&,#$,(',(&,#)+"#,(G*,(,0($.%'0%-"(-,(00,9%-%("(
6J*3#D!<,%6!S%#+!3!!!
-Gd*)!e#.!'%0+-%(#"(,'$*/+,.%(+#)0*+-"(,#(,0(4.,)+"(-,0($"*.=(',(">.,),.8('+,&4.,(0%(4"'+1+0+-%-(
-,('"0+)+$%.(,0(',./+)+"(&,-+%#$,(*#(4,G*,H"('*40,&,#$"(,#(,0(4.,)+"6(F#(%G*,00"'(
.-#6
=,#&
)%'"'(,#(G*,(',('"0+)+$,#(#")E,'(%-+)+"#%0,'=(',%#(4.,("(4"'$($"*.=(,0($.%'0%-"(-,(
),#&!
'%0+-%("(00,9%-%(,'$%.8(+9*%0&,#$,(+#)0*+-"('+#()%.9"(%-+)+"#%0=(,#(0%(&%3".?%(-,(0"'(
_*-G!f*-G 4."9.%&%'=(3('+,&4.,(G*,(0%'(#")E,'(%-+)+"#%0,'(E%3%#('+-"(.,',./%-%'(,(+#)0*+-%'(
=*
HQVXSURJUDPDGHYLDMH\HVW«QSHJDGDVDOLQLFLRRƓQGHXQWRXU
*-*=,:*!3!601.,=*
%!a#+V-!3!4],-#

!
!"#$%%$&'()*+,-.+/01)2324)5)2322
,*-#&%1
.%&%1!1%&%=.*1

7"'($.%'0%-"'('"#(,#()")E,(4.+/%-"()"#()"#-*)$".=("(,#(%*$"1N'()"#(%'+'$,#)+%(
)*%#-"('"#(9.*4%0,'6
;+(0%(00,9%-%("('%0+-%(-,(F*."4%(',(E+)+,.%(4".(*#(%,."4*,.$"(-+'$+#$"(%(0"'(E%1+$*%0,'(
3(4.,/+'$"'(,#(0"'()+.)*+$"'=(',.8(#,),'%.+"(4%9%.(*#('*40,&,#$"(4".($.%'0%-"=(-,1+-"(
%(G*,(,0(%,."4*,.$"(',(,#)*,#$.,(%(*#%(-+'$%#)+%(-,(0%()+*-%-('*4,.+".(%(0%(4.,/+'$%6
O%0()+.)*#'$%#)+%(',(4."-*),(4".(,<,&40"(,#(,0(%,."4*,.$"(-,(P%-L+)Q("(7*$"#(
,#( 7"#-.,'=( !+%&4+#"( ,#( R"&%=( "( O.,/+'"( ,#( S,#,)+%( A)"#'*0$%.( '*40,&,#$"(
489+#%(TBUD
F#()%'"(-,(.,$.%'"=(4J.-+-%(-,()"#,@+5#("(00,9%-%(,#(*#(/*,0"(-+>,.,#$,(%0(4.,/+'$"(
,'(+&4.,')+#-+10,(G*,()"#$%)$,(%(0%(&%3".(1.,/,-%-(4"'+10,()"#(,0($,0J>"#"(-,(
,&,.9,#)+%(-,0($.%#'>,.+'$%("(,0(-,(,&,.9,#)+%(+#-+)%-"(,#('*(S"*)E,.6

));#'7%@6#;!)!7)'";6*'#

3HQVDQGR HQ VX FRPRGLGDG SRQHPRV D VX GLVSRVLFLµQ XQD PRGHUQD ŴRWD GH
%*$")%.,'( -,( 0*<"( )"#( %+.,( %)"#-+)+"#%-"=( /,#$%#%'( 4%#".8&+)%'=( 1*$%)%'( .,)0+2
QDEOHVGRWDGRVGHOD¼OWLPDWHFQRORJ¯DHQ:LƓ
JUDWXLWRHQORVSD¯VHVDGKHULGRV
%0(!"#/,#+"(F*."4,"(-,(O,0,)"&*#+)%)+"#,'=(3()"#-*)+-"'(4".(,@4,.$"'()E">,.,'=(
&*3()"#"),-".,'(-,(0%'(.*$%'(G*,(.,)"..,#(#*,'$."'(4."9.%&%'()*&40+,#-"(,#(
$"-"(&"&,#$"()"#(0%(#".&%$+/%(-,(0%(V#+5#(F*."4,%6
7"'(%'+,#$"'(,#(0"'(%*$"1*','(',.8#(."$%$+/"'(4%.%(&,<".(-+'>.*$,(-,($"-"'(0"'(4%2
'%<,."'6
W09*#"'(%*$")%.,'(-+'4"#,#(-,(%',"'=(4,."(-,(%)*,.-"()"#(0%(0,9+'0%)+5#(,*."4,%(#"(',(
4*,-,#(,&40,%.=(4".(,'$,(&"$+/"(',(.,%0+:%.8#(4%.%-%'(>.,)*,#$,'(,#(8.,%'(-,(',./+)+"6(
;,9N#(,0(#N&,."(-,(/+%<,."'(4%.$+)+4%#$,'=(',(*$+0+:%.8#(%*$")%.,'(-,(&%3".("(&,2
#".($%&%H"6(F#()%'"'(,@),4)+"#%0,'=('+(,0(#N&,."(-,(4%'%<,."'(,#(*#%('%0+-%(,'(
UHGXFLGR\FRQHOƓQGHPDQWHQHUHOFRPSURPLVRGHVDOLGDJDUDQWL]DGDSRGU¯D
.,%0+:%.',(,0($.%#'4".$,(,#(/,E?)*0"(4.+/%-"("(&+#+/8#()"#()"#-*)$".29*?%6(O%&2
1+J#(4*,-,(.,%0+:%.',(%09N#($.%&"(-,0(/+%<,(,#($.,#("(%*$")%.(.,9*0%.(-,(4%'%<,."'=(
,#()*3"()%'"(#"(,'$%.?%#(%'+'$+-"'(4".(9*?%(%)"&4%H%#$,6
(O PDOHWHUR GHO DXWRE¼V FXHQWD FRQ VXƓFLHQWH HVSDFLR SDUD HO WUDQVSRUWH GH XQD
&%0,$%(4".(4,.'"#%(-,(BI(Q9=(3(4".(-+)E%(.%:5#(',(9%.%#$+:%(,0($.%#'4".$,(-,(*#%(
&%0,$%(4".(4%'%<,."6(;+(',(-+,.%(,0()%'"(-,(G*,(,0(&%0,$,."(4".(,'$%.()"&40,$"(#"(
$*/+,.%()%4%)+-%-(4%.%(*1+)%.(&%0,$%'(,@$.%'(G*,(%09N#(4%'%<,."(4*-+,.%(00,/%.=(,0(
9*?%(4"-.8('"0+)+$%.0,(,0(,#/?"(-,0(,G*+4%<,(,@$.%(%0(4*#$"(G*,(,0(4%'%<,."(-,)+-%(%(
'*(4."4+"()%.9"6

'XUDQWHODVHWDSDVSRUFDUUHWHUDHVSRVLEOHTXHHQDOJXQDV]RQDVGHEDMDFREHU2
$*.%($,0,>5#+)%(&5/+0(,0(XYZ+(#"(,'$J(-+'4"#+10,6

))'%$%6!7*$')28)9:#'%

!"#$%"&'(')*&+"&*,*-#')$.',.*$#/$'0#'/$.12"#"'34'5"6(&')$'0&"'$7,.0&*8"')06(#/$'."&'
)9(&')$'8*(:$;'<*,5"'/$.12"#"'$&/='*#)*,()"'$#'.(')",0%$#/(,*-#'>8"0,5$6?')$.'8*(:$;

))9:6!;!%

@0$&/6"&' 5"/$.$&' $&/=#' ,0*)()"&(%$#/$' $.$A*)"&' B' &$.$,,*"#()"&' /(.' ,"%"' &$'
*#)*,(#'$#',()('*/*#$6(6*"C'B'&"#'+6$2$6$#/$%$#/$')$'.(',(/$A"69('!6*%$6(;'D0'0E*F
,(,*-#'$#'.(&',*0)()$&'$&/='$#'$.',(&,"'06E(#"'B'/$#*$#)"'$#',0$#/('*A0(.%$#/$'
0#('E0$#(',"%0#*,(,*-#',"#'$.',$#/6"'06E(#";'G(&'5(E*/(,*"#$&'&"#'E=&*,(%$#/$'
)"E.$&C')$')"&',(%(&'"',(%('%(/6*%"#*(.'B')*&+"#$#')$'E(H"I)0,5('+6*8()"&;'
J#'(K0$.."&',(&"&'$#'K0$'&$'&".*,*/$'5(E*/(,*-#'+(6('&$6'",0+()('+"6'L'+$6&"#(&C'B'
VLHPSUHTXHKD\DSRGLGRVHUFRQƓUPDGDODVROLFLWXGODKDELWDFLµQGLVSRQGU£GH
0#(',(%('()*,*"#(.'+(6('.('/$6,$6('+$6&"#(C'+0)*$#)"'&$6'&"2=F,(%('"',(%('+.$F
A(E.$;'@"'&*$%+6$'&$'+")6='A(6(#/*M(6'.(')*&+"#*E*.*)()')$'5(E*/(,*"#$&')"E.$&'
%(/6*%"#*(.$&'$#'/")"&'."&'5"/$.$&'B'+0$)$'&$6'K0$'$#'(.A0#"&')$'$.."&'.('N#*,('
"+,*-#'+"&*E.$'&$(')$')"&',(%(&'*#)*8*)0(.$&;'OA0(.%$#/$C'$#',(&"&'+0#/0(.$&'
)$'(.A0#(',()$#('5"/$.$6(C'.('5(E*/(,*-#')"E.$'/*+"')"&',(%(&'&$+(6()(&'+0$)$'
,"#&*&/*6'$#'0#(',(%(')"E.$'B'0#'&"2=F,(%(;
P$#$6(.%$#/$' $.' 5"6(6*"' )$' $#/6()(' $#' .(&' 5(E*/(,*"#$&' $.' )9(' )$' ..$A()(' $&' ('
+(6/*6')$'.(&'Q4;RR'56&;C'B'$.')$'&(.*)('(#/$&')$'.(&'Q3;RR5&C'+$6"'$&'+"&*E.$'K0$'
HVWRVKRUDULRVGLƓHUDQGHXQRVKRWHOHVDRWURV6LSRUUD]µQGHYXHORVORVSDVDMHURV
..$A(&$#'(#/$&'"'&(.A(#')$&+01&')$'$&/"&'5"6(6*"&'B'K0*$6(#')*&+"#$6')$'&0&'5(E*F
/(,*"#$&C'6$,"%$#)(%"&'K0$'&$'&".*,*/$'0#('#",5$'()*,*"#(.',"#'$.',"#&*A0*$#/$'
&0+.$%$#/";'
@",5$&'S)*,*"#(.$&T'D*')$&$('()$.(#/(6'"'+6"."#A(6'&0'$&/(#,*('(#/$&'"')$&+01&'
)$'0#',*6,0*/"'.$')(%"&'.('"+,*-#')$'&".*,*/(6'#",5$&'()*,*"#(.$&'5(&/('0#'%=7*%"'
GHQRFKHVDQWHVRGHVSX«VGHODVIHFKDVSUHYLVWDVSDUDLQLFLRRƓQGHOFLUFXLWR
J#'.('+=A*#('3UR')$'$&/$',(/=."A"'.$'*#)*,(%"&'$.'%$:"6'+6$,*"')$'$&/(&'#",5$&'
()*,*"#(.$&'$#'.(&',*0)()$&'%=&'26$,0$#/$%$#/$'6$K0$6*)(&;'D*'.(',*0)()'+"6'V);'
&".*,*/()('#"'&$'$#,0$#/6('$#'$&/('6$.(,*-#'#"')0)$'$#'+$)*6.$'.('*#2"6%(,*-#'('&0'
SA$#,*(')$'V*(:$&;'

)6'%'%)9:6!;!#'%

@0$&/6"&',*6,0*/"&'$06"+$"&C'K0$'(&9'."'*#)*K0$#C'*#,.0B$#'/")(&'.(&'/(&(&'/069&F
/*,(&'$#'.(&',*0)()$&')$'+$6#",/('8*A$#/$&'$#'$.'%"%$#/"')$'.('$)*,*-#')$'$&/$'
,(/=."A"C'*#,.0*%"&'/(%E*1#'.(&'/(&(&')$'O/(.*('>W*.=#C'V$#$,*(C'X."6$#,*('B'Y"%(?

)<"='%)'*:&>'?'76!%)@)<"='%);:*';!%

Z")"&' #0$&/6"&' A09(&' (,"%+(H(#/$&' &"#' A6(#)$&' ,"#",$)"6$&' )$' .(&' 60/(&'
J06"+$(&' +"6' )"#)$' /6(#&,066$#' #0$&/6"&' */*#$6(6*"&' B' 5(#' &*)"' &$.$,,*"#()"&'
6*A06"&(%$#/$;' J.."&' &"#' 0#(' +(6/$' *%+"6/(#/$' $#' $.' 17*/"' )$.' 8*(:$' B' &0' /"/(.'
&(/*&2(,,*-#C'B'$&/=#'2"6%()"&'+(6('(B0)(6.$&'$#'/")"'%"%$#/"'6$&".8*$#)"'&0&'
)0)(&'"'#$,$&*)()$&;'G"&')9(&')$'..$A()('(.',"%*$#M"')$.',*6,0*/"'."&',.*$#/$&'&$F
6=#'(/$#)*)"&'+"6'(&*&/$#/$&C',"#)0,/"6$&'"'A09(&'.",(.$&')06(#/$'."&'&$68*,*"&')$'
/6(&.()"')$'..$A()('"'8*&*/(&'+(#"6=%*,(&'>W()6*)C'G"#)6$&C'G*&E"(C'W*.=#C'$/,;?;'
J.'A09(',"66$"',"%$#M(6('&0&'&$68*,*"&'('+(6/*6')$'.('+6*%$6('$/(+(')$',(66$/$6(;'
!(6('.(&',*0)()$&'*#/$6%$)*(&')$',*6,0*/"'$.'A09(',"66$"'$&/(6=')*&+"#*E.$'('+(6/*6'
)$'.('..$A()(')$.'E0&'$#'.('/(6)$I#",5$'>!(69&C'[%&/$6)(%C'V$#$,*(C'Y"%(C'$/,;?
J#'.(&',*0)()$&')"#)$'&$'*#,.0B$#'8*&*/(&'+(#"6=%*,(&')*&+"#$%"&')$'A09(&'."F
FDOHVFRQW¯WXORRƓFLDOGHFDGDFLXGDGSDUDGHVFULELUOHODKLVWRULDPRQXPHQWRV\
+(6/*,0.(6*)()$&')$',()(')$&/*#";

))A$%$6'%)>'7:#B&$*'%

G(&' 8*&*/(&' +(#"6=%*,(&' $&/=#' *#,.0*)(&' $#' (K0$..(&' ,*0)()$&' $#' .(&' K0$' &$' *#F
)*K0$;'J&/(&'8*&*/(&'#"'*#,.0B$#'$#/6()(&'('."&'%"#0%$#/"&C'B'.$'&$68*6=#')$'*#F
/6")0,,*-#'B'+6*%$6('/"%(')$',"#/(,/"',"#'.(',*0)()C'+0)*$#)"'+"&/$6*"6%$#/$'

,"#/*#0(6'+"6'&0',0$#/(C'"',"#'$.',"%+.$%$#/"')$.'J06"+(,\C'(5"#)(#)"'$#'$.'
,"#",*%*$#/"')$'."&')*&/*#/"&'6*#,"#$&C'%0&$"&'B'%"#0%$#/"&')$'$&/(&;'!(6('&0'
%(B"6',"%")*)()'/")(&'.(&'8*&*/(&'+(#"6=%*,(&'+")6=#'/$6%*#(6&$'$#'$.',$#/6"')$'
,()(',*0)();'J.'"6)$#')$'.(&'8*&*/(&')$'.(&',*0)()$&'+0$)$'&$6'(./$6()"'+"6',(0&(&'
)$'20$6M('%(B"6C',.*%(/"."A9(C'"',0$&/*"#$&'/1,#*,(&'B'"+$6(/*8(&;

)%!<"#:)C!)'%$%6!7*$')!7)A$'D!

G"&'+(&(:$6"&'8*(:(#)"'$#',0(.K0*$6(')$'."&'+6"A6(%(&'*#,.0*)"&'$#'$&/$',(/=."A"'
A"M(#')$'0#'D$A06"')$'S&*&/$#,*('&0&,6*/"',"#'.(']"%+(H9(')$'D$A06"&',"#'.(&'
&*A0*$#/$&',"E$6/06(&;'J.'&$A06"'$#/6(6('$#'8*A"6'$.'%*&%"')9(')$.',"%*$#M"')$'
."&'&$68*,*"&',"#/6(/()"&'B'$&/(6='8*A$#/$'5(&/('$.')9('$#'K0$'/$6%*#$#'."&'&$68*,*"&'
,"#/6(/()"&
Q;'Z6(#&+"6/$'"'6$+(/6*(,*-#'&(#*/(6*('$#',(&"')$'$#2$6%$)()'"'(,,*)$#/$')$.'S&$F
A06()"')$&+.(M()"C'5(&/('0#',$#/6"'&(#*/(6*"'()$,0()(%$#/$'$K0*+()"'"'5(&/('
&0'+(9&'"'.0A(6')$'6$&*)$#,*('5(E*/0(.;
3;'S&*&/$#,*('%1)*,('>A(&/"&')$'5"&+*/(.*M(,*-#C')$'*#/$68$#,*"#$&'K0*6N6A*,(&C')$'
5"#"6(6*"&'%1)*,"&C')$'A(&/"&')$'$#2$6%$69('B')$'+6")0,/"&'2(6%(,10/*,"&?'$#'
,(&"')$'$#2$6%$)()'"'(,,*)$#/$')$.'S&$A06()"')$&+.(M()"'$#'$.'$7/6(#:$6"'>5(&/('
LR;RRR'^'%=7*%"?;
L;'<$&+.(M(%*$#/"'B'(.":(%*$#/"')$'0#('+$6&"#('(,"%+(H(#/$')$.'S&$A06()"'5"&+*F
/(.*M()"'$#',(&"')$'$#2$6%$)()'"'(,,*)$#/$'>6$&*)$#/$'$#'$.'+(9&'"'.0A(6')$'6$&*)$#,*('
5(E*/0(.')$.'S&$A06()"'('$.$,,*-#')$'1&/$?;'<$&+.(M(%*$#/"'(.'.0A(6')$'5"&+*/(.*M(F
,*-#'>8*(:$')$'*)('B'80$./(?'B'$&/(#,*(')$.'2(%*.*(6'>5(&/('URR'^'I'W=7*%"')*$M')9(&?;
4;'!6"."#A(,*-#')$'.('$&/(#,*(')$.'S&$A06()"')$&+.(M()"C'$#',(&"')$'$#2$6%$)()'
"'(,,*)$#/$'B'&*$%+6$'+"6'+6$&,6*+,*-#'2(,0./(/*8('>5(&/('URR'^'I'%=7*%"')*$M')9(&?;
_;'Z6(#&+"6/$'"'6$+(/6*(,*-#')$.'S&$A06()"'2(..$,*)"'B')$&+.(M(%*$#/"')$'0#('+$6F
&"#('(,"%+(H(#/$'>6$&*)$#/$'$#'$.'+(9&'"'.0A(6')$'6$&*)$#,*('5(E*/0(.')$.
S&$A06()"?'K0$'(,"%+(H$'$.',0$6+"C'5(&/('$.'.0A(6')$'*#50%(,*-#C',6$%(,*-#'"'
,$6$%"#*('20#$6(6*('$#'&0'+(9&')$'6$&*)$#,*('5(E*/0(.;
U;'O#)$%#*M(,*-#'$#',(&"')$'+16)*)(C'6"E"'"')$&/60,,*-#'/"/(.'"'+(6,*(.'+"6'$.',"#F
:0#/"')$.'$K0*+(:$'B'$2$,/"&'+$6&"#(.$&'2(,/06(F')"&C')06(#/$'$.'/6(#&+"6/$'6$(.*M(F
)"'+"6'.(',"%+(H9('/6(#&+"6/*&/('>5(&/('LRR'^'%=7*%"?;
`;'G",(.*M(,*-#'B'/6(#&+"6/$')$'."&'$K0*+(:$&'$7/6(8*()"&'+"6'.(',"%+(H9('/6(#&F
+"6/*&/(;
a;'O#)$%#*M(,*-#'+"6'%0$6/$'"'*#8(.*)$M'+$6%(#$#/$',"%"',"#&$,0$#,*(')$'0#'
(,,*)$#/$'$#'$.'%$)*"')$'/6(#&+"6/$'>5(&/('UR;RRR'^?;

)!"#:>'*E

!"#$%"&'('&0')*&+"&*,*-#'$#'.('%(B"69(')$'#0$&/6"&']*6,0*/"&'+"6'J06"+('0#'+(F
K0$/$'"+,*"#(.'*#,.0B$#)"'(.%0$6M"&'BI"',$#(&'B'8*&*/(&'BI"'$7,06&*"#$&'$7/6(&C'('
0#'+6$,*"'%0B',"#8$#*$#/$;'J.'J06"+(,\'*#,.0B$'(K0$..(&'8*&*/(&'BI"'$7,06&*"#$&'
K0$'&$',"#&*)$6(#'%=&'*#/$6$&(#/$&C'B'K0$'&*#')0)('#"'8('(')$:(6')$'6$(.*M(6C',"%"'
+0$)$'&$6'&0E*6'('.('Z"66$'J*22$.'$#'!(69&C'8*&*/(6'$.'W0&$"'V(/*,(#"'$#'Y"%(C'"'
+(&$(6'$#'P-#)".('+"6'."&',(#(.$&')$'V$#$,*(C'(&9',"%"'(.%0$6M"&'"',$#(&'$#'
6$&/(06(#/$&'.",(.$&'K0$'.$'+$6%*/*6=#')*&260/(6')$'."&'+.(/"&')$'.('A(&/6"#"%9('
.",(.'K0$'$&'0#('+(6/$'*%+"6/(#/$')$'.(',0./06(')$',()('+(9&;
(VSRVLEOHTXHSRUƓHVWDVQDFLRQDOHVRORFDOHVRUHOLJLRVDVRODFHOHEUDFLµQGH
0#'$8$#/"C'(.AN#'%"#0%$#/"'$&/$',$66()";'J#'$&/$',(&"'&$6='6$$%+.(M()"'+"6'
(.A0#('"/6('8*&*/('"'%"#0%$#/"'(./$6#(/*8";

)&:*9$;')C!)A$'D!

b#'+6=,/*,"'6$A(."'.$'$&+$6('$#'."&',*6,0*/"&'$#'K0$'(&9'&$'*#)*,(;

!"#$%%$&'()*+,-.+/01)2324)5)2322

!"#$%&'$()(
*#+%,#$"-+(
#+.#%&!/#+

!"#$%"&'()*+!",+!-!.)

<=>'%)$&?=#>'<>!%()

!"#$%"&'()D-E+'-$+F&)'G+H,".)

"=)/[<:0012)I5/J:2):=)[<:)2:):=;<:=4?:)5=;0<57/)/0\<=/)>1?;5N=)/d?:/L)2:)7:@:?S)
OLTXLGDUODPLVPDGHDFXHUGRFRQVXFRVWHVLQDSOLFDUQLQJXQDERQLƓFDFLµQR
7:2;<:=41)21@?:)0/)>/?4:)/d?:/9

!"#$%"&'()H(G)G"#"GO-)-&'+$+H-!-.))

&5=\3=)7:2;<:=41)2:?S)/>05;/@0:):=):0);/21)7:)[<:):B524/)/0\<=/)>?161;5N=)>1?)
0/=]/65:=41)1);/6>/8/)>?161;51=/0)[<:)2:):24/@0:];/)7/=4:)0/)I5\:=;5/)7:)
:24:);/4S01\19

4XHUHPRVSUHPLDUODƓGHOLGDGSRUORTXHDSOLFDUHPRVXQ671-.78/0)679):;)/)
WRGRVDTXHOORVYLDMHURVTXHSRUVXƓGHOLGDGKD\DUHDOL]DGRRP£VFLUFXLWRVHQ
012)3045612)712)/8129)!:2;<:=41)/>05;/71)/0)>?:;51)7:0)41)><@05;/71)A:B;0<5712)
2<>0:6:=412);1=4?/4/712C9
#5)I5/J/=)K)>:?21=/2)/7<04/2)J<=4/2L);16>/?45:=71)M/@54/;5N=L)0/)4:?;:?/)>:?21=/)
45:=:)<=/)ERQLƓFDFLµQGHO):=):0)>?:;51)7:0)41)A:B;0<5712)2<>0:6:=412C9
#5)?:2:?I/)P)/@1=/):0)7:>12541);1??:2>1=75:=4:)7:0)KQR)7:0)56>1?4:)7:0)I5/J:);1=)
6S2)7:)TQ)7U/2)/=4:2)7:)0/)2/057/)7:0);5?;<541L)4:=7?S)<=/)ERQLƓFDFLµQGHO)7:0)
>?:;51)7:0)41)>1?)>:?21=/)A:B;0<5712)012)2<>0:6:=412C9

!"#$%"&'()H-G-)V-W(G"#)!")XY)-Z(#.)

-[<:0012)I5/J:?12)PD\RUHVGHD³RV)4:=7?S=)7:?:;M1)/)<=/)ERQLƓFDFLµQGHO):=)
:0)>?:;51)7:0)41)><@05;/71)A:B;0<5712)2<>0:6:=412C9

!"#$%"&'(#)H-G-)V"&(G"#.)

,12)6:=1?:2):=4?:)\D³RV);<6>05712)I5/J/=71)/0)6:=12);1=)712)/7<0412):=)
0/)6526/)M/@54/;5N=L)\1]/?/=)7:)<=)7:2;<:=41)7:0)2:;)21@?:):0)>?:;51)><@05;/71)
7:0)41)?:2:?I/719
,12)=5812)7:)DD³RV)I5/J/=71);1=)712)/7<0412):=)0/)6526/)M/@54/;5N=L)>/\/?/=)
3=5;/6:=4:):0)^QR)7:0)>?:;51)7:0)41)><@05;/71L)05[<57/=71):=)012)D14:0:2)
75?:;4/6:=4:):0)56>1?4:)[<:):2412)><:7/=)2105;54/?)>1?)012)2:?I5;512);1=2<65712L)
;<=/L):4;9))"=);/21)7:)5?):0)@<2);16>0:41)=1)4:=7?S=)7:?:;M1)/)/25:=419
"24:)7:2;<:=41)2:?S)/>05;/@0:)>/?/)012);5?;<5412):=4?/)0/2)>S\5=/2)>S\5=/2)_)/)`^)P)
`a)/)Xb9)H/?/):0)?:241);1=2<04:=):=);/7/);/219
!

!"#$%%$&'()*+,-.+/01)2324)5)2322

(VWRVGHVFXHQWRV\ERQLƓFDFLRQHVHVSHFLDOHVQRVRQDFXPXODEOHVSRUORTXHXQDSHUc
21=/)2N01)4:=7?S)7:?:;M1)/)<=1L)><75:=71):2;1\:?):0)[<:)6S2)0:)><75:?/);1=I:=5?9

!:2;<:=412)=1)/>05;/@0:2)/)012);5?;<5412)7:)0/2)>S\5=/2)``)/)`K)P)X_)/)^`b9

W)=1)2:)10I57:)7:.
e)
G
:I52/?)2<2)71;<6:=412)>:?21=/0:2L)[<:)2<)>/2/>1?4:):24d)I5\:=4:)
P):=)?:\0/)A?:;16:=7/@0:)>/2/>1?4:);1=)I5\:=;5/)6U=56/)7:)X)6:2:2CL)[<:)M/)
4?/654/71)012)I52/712):B5\5712)>1?);/7/)>/U2L)P)/=4:2)7:)2/05?)7:);/2/)/2:\/?2:)7:)
[<:)=1)10I57/)=/7/.)71;<6:=412)7:)I5/J:L)>/2/>1?4:L)75=:?1L)4/?J:4/2)7:);?d7541999)W)
/=4:2)7:)2/05?L)M/\/)<=/)f141;1>5/)7:)2<)71;<6:=4/;5N=);16>0:4/)>/?/)f/;5054/?)2<)
?:;<>:?/;5N=):=);/21)7:)>d?757/)A>/2/>1?4:L)4/?J:4/2L):4;9C
e)
H1=:?):=)2<):[<5>/J:)01)?:/06:=4:)=:;:2/?51):=)f<=;5N=)7:)0/)
7/;5N=)7:0)I5/J:)P)7:)012)>/U2:2)/)I5254/?9),0:I:)?1>/)/7:;7/)P);/0]/71);N6171L)
><:2)>/?/);1=1;:?)@5:=)0/2);5<7/7:2)M/P)[<:);/65=/?9)"=)I:?/=1)>?:f:?5@0:6:=4:)
?1>/)7:)/0\17N=)P)05\:?/L)P):=)5=I5:?=1)4:=\/):=);<:=4/)[<:)0/2)4:6>:?/4/2)
;1=45=:=4/0:2)><:7:=)2:?)@/24/=4:):B4?:6/29)-4:=;5N=)0/2)05654/;51=:2)7:)>:21):=)
012)/I51=:29)!/=4:):0)I5/J:):=)/<41;/?)2:)>:?654:):0)4?/=2>1?4:)6SB561)7:)<=/)
6/0:4/)A6SB9)`K)g\9CL)[<:)2:)<@5;/?S):=):0)6/0:4:?1)7:0)/<41;/?L)P)<=)@1021)7:)
6/=1)>1?)>:?21=/9

Asia y
África

culturas ancestrales

Conoce nuestras promociones

&!B$C!##DE!F)
G)&!B$F)F#$!EC!

*.67) 89) -+:+;+<7-+0691=) ;.>7,91)
176/01=) -+.87891) ?+;967,+71=) ?7@
,91)A)891+9,/01!"#$%&'()*+,"-.$"/$"
&+,(%$&+," .*" &.*0+" 012$%$*($" 3"
)4),1+*)*($!" 5+" +/610)%)" *.*7)"
7.)/-.1$%)"0$"$,(),"%.(),"-.$"8)9):"
SRUTXH DO ƓQDO GH VX YLDMH XVWHG
,$%;"4)%($"0$"$,($"0$,(1*+!

!"#

!"#$%%$&'()*+,-.+/01)2324)5)2322

*"%!+*1).%)$1"23*
]&&^+%+/+/&,-"/#"%+/2
]&&_&(+.8'/&%'&"#+`">$'(,+&'(&0#&1"$-+&'(&-E4$>'(&
& %'&"#+`">$'(,+&7&%'/"7*(+2
]&&:M"&.+>5#',+&%'&)$/$,"/&'(&'#&1"$-+&""/&_&
3LU£PLGHVOD(VƓQJHHOWHPSORGHO9DOOH\
& '#&a*/'+&04$5.$+&.+(&4*M"&%'&8";#"&8$/5"("2
]&&Z&(+.8'&%'&"#+`">$'(,+&'(&6/F"(&'(&-E4$>'(&
& %'&"#+`">$'(,+&7&%'/"7*(+&O=36V&\P
]&&_&(+.8'/&%'&1-*.'-+&'(&-E4$>'(&%'&5'(/$W(&
& .+>5#',"&O=36V&\P
]&&b&(+.8'/&%'&1-*.'-+&'(&-E4$>'(&%'&5'(/$W(&& &
& .+>5#',"2&O=36V&ZP
]&&^+%"/"/&)$/$,"/&%*-"(,'&'#&1-*.'-+C&/'4H(&
& $,$('-"-$+C&.+(&4*M"&%'&8";#"&8$/5"("2
]&&3+/&/'-)$.$+/&%'&"/$/,'(.$"&7&-'.'5.$W(2
]&&!'4*-+&%'&6/$/,'(.$"2

N+=,,8)O=)V8,80<=1)4)
N+=,,8)O=)V8,80<=1)2

4567

!"#!"$

-&*CB<:'9*83*'>:&IQ<
]&&9LVDGRGHHQWUDGDDOSD¯V%CB9RH*#"*S*CHCHP
]&&6)$W(&1"$Y3Q-&c&6/FY1"$&&V0^I&+4"*I)(

!"#$%&%'%()*++#%,*%-#+#.$*/%&
$<+-+0)=<)-.*/0123
!B)*8+,0)5)!B)*8+,0()4*56%)*,*7*89:;<)

$%&'(%)*+"+!*,*+"++*O%'/%'&6>E-$."P
!"#$"%!&'()"

*'+#,"-",./!0(
N0O0)=B)8P0)Q81/8)D8,M0)2322
1=18-20213

!"!#$!%&'()!*!+,-)(!*!#./,!*!0)1!213)!*!456&7!
89!:);<=5!%&'()!>!?!:);<=5!%(,;=()!@)(!=$!:'$)A

W£QLFROD,VOD(OHIDQWLQD\HO0DXVROHRGHO
648"& S8"(& O#"& )$/$,"& /'-@& %'& 'Q,'-$+-& 7& (+&
$(.#*7'&'(,-"%"/P2&'B0C8D+=0&"&;+-%+2

,VOD(OHIDQWLQD\HO0DXVROHRGHO$JKD.KDQ
O)$/$,"&'Q,'-$+-P2&V")'4".$W(2&*=<8&7&8B0C8c
D+=0&";+-%+2

678)`9):L+=,<=1>()'%H'I)5)!;)*'$#?

678)Z9):%8R8O0>()[?&)?&\?)5)!6V"

'HVD\XQR\GHVHPEDUTXH7UDVODGRDODHUR9
SXHUWRGH$VZDQSDUDYLDMDUHQXQYXHORGR9
>E/,$.+&"&0#&1"$-+2&&3#'4"%"&'(&"#&"'-+5*'-,+&
%'& '#& 1"$-+2& 6/$/,'(.$"& 7& ,-"/#"%+& "#& 8+,'#2&
'B0C8D+=02

678)a9):%bR8O0>()!;)*'$#?

:'/"7*(+& ;*<<',2& 6& #"& 8+-"& 5-')$/,"& ,-"/9
#"%+&"#&"'-+5*'-,+&5"-"&,+>"-&/*&)*'#+&%'&
-'4-'/+2

678)49):L+=,<=1>()'&!#$*'

!"#$%"&'(&)*'#+&$(,'-.+(,$('(,"#&.+(&%'/,$(+&
"&0#&1"$-+2

678)29):%8R8O0>()!;)*'$#?

3#'4"%"& "#& "'-+5*'-,+& $(,'-(".$+("#& %'& '#&
1"$-+2&&6/$/,'(.$"&7&,-"/#"%+&"#&8+,'#&/'#'..$+9
("%+2&&'B0C8D+=02

6S')@9):60D+()!;)*'$#?

:'/"7*(+&;*<<',&'(&'#&8+,'#2&&=+-"&>"?"("&
/"#$%"&5"-"&)$/$,"-"/&,-'/&=$-@>$%'/&7"&0/9
ƓQJHHO7HPSORGHO9DOOH\HO0XVHR(JLS9
FLR9XHOWDDOKRWHO\8B0C8D+=02

678)E9):;.<=1>()!;)*'$#?))5);"U?#

'HVD\XQREXIIHWHQHOKRWHO7UDVODGRDODH9
URSXHUWRSDUDYLDMDUHQXQYXHORGRP«VWLFR
"& 3*Q+-2& 3#'4"%"& "#& "'-+5*'-,+& %'#& 3*Q+-2&
6/$/,'(.$"&7&,-"/#"%+&""&>+,+(")'&/'#'..$+9
("%"2&&0>;"-R*'&7&8BD.=,M0&";+-%+2&=+-"&
,"-%'&/"#$%"&5"-"&)$/$,"-+/&,'>5#+/&%'&3*Q+-&
7&S"-("T2&*=<8&7&8B0C8D+=0&"&;+-%+2

678)K9):&8,/=1>();"U?#)5)!%I')5)!6V"

W=<1+X<)-0DYB=/8)8)R0,O02&=+-"&>"?"("C&
.-*B"-'>+/&""&I-$##"&I..$%'(,"#&5"-"&-'"#$9
]DUODVYLVLWDVDOD1HFUµSROLVGH7HEDV9DOOH
%'+/&D'7'/C&'#&,'>5#+&<*('-"-$+&&%'"&D'$("&
U",/8'5/*,& 7& #+/& 4-"(%$+/+/& & 1+#+/+/& %'&
0HPQµQ'HVSX«VGHWHUPLQDUUHJUHVRDO
;"-.+2&V")'4".$W(&8".$"&0/("C&7&.-*.'"&0/9
.#*/"C&5"-"&/'4*$-&8"/,"&0%<*2&&'B0C8D+=0&
"&;+-%+2

678)Z9):&+A,-0B=1>()!6V")5)[?&)?&\?)
5)'%H'I
W=<1+X<)-0DYB=/8)8)R0,O02&=+-"&>"?"("&
/"#$%"&5"-"&)$/$,"-&"#&,'>5#+&%'&:$+/&U+-*/&'(&
0%<*2&V")'4"-'>+/&8".$"&S+>&I>;+&7&)$/$,"&
GHO7HPSORGHGLRV6REHN1DYHJDFLµQKDFLD
6/F"(2&'B0C8D+=0&";+-%+2&&

678)]9):F.=G=1>()'%H'I

W=<1+X<)-0DYB=/8)8)R0,O02&=+-"&>"?"("&
)$/$,"&"&3"&6#,"&=-'/"&%'&6/F"(&7&0#&+;'#$/.+&
$(".";"%+2&=+/$;$#$%"%&%'&-'"#$B"-&*("&)$/$,"&
+5.$+("#&"&6;*&!$>;'#2&=+-"&,"-%'&/'&/*'#'&
%"-& X(& ="/'+& 5+-& K"#*."& 5+-& 0#& V$#+& 5"-"&
-'"#$B"-&*("&)$/$,"&5"(+-@>$."&"#&L"-%M(&N+9

!"#$%0%'%()*++#%,*%-#+#.$*/%0
$<+-+0)=<)-.*/0123
!B)*8+,0)5)!B)*8+,0()4*56%)*,*7*89:;<)

$%&'(%)*+"+!*,*+"++*O%'/%'&6>E-$."P
!"#$"%!&'()"

$1+#,"-"2!'3#,
N0O0)=B)8P0)Q81/8)D8,M0)2322
1=18-20213

!"!#$!%&'()!*!456&7!*!0)1!213)!*!#./,!*!+,-)(!
89!:);<=5!%&'()!>B!:);<=!=7!456&7!>!9!:);<=5!!
%(,;=()A

678)49):;.<=1>()'&!#$*'

!"#$%"&'(&)*'#+&$(,'-.+(,$('(,"#&.+(&%'/,$(+&
"&&0#&1"$-+2

678)29):&8,/=1>()!;)*'$#?

3#'4"%"& "#& "'-+5*'-,+& $(,'-(".$+("#& %'& '#&
1"$-+2&6/$/,'(.$"&7&,-"/#"%+&"#&8+,'#&/'#'..$+9
QDGR$ORMDPLHQWR

'HVD\XQR /OHJDGD D .RP 2PER 9LVLWD
GHO7HPSORGHO'LRV6REHNHQ.RP2PER
V")'4".$W(&8".$"&0%<*2&'BD.=,M0&"&;+-%+2&
9LVLWDGHO7HPSORGHO'LRV+RUXV5HJUHVR
"#&;"-.+C&5"-"&.+(,$(*"-"&(")'4".$W(&8".$"&
3*Q+-2&*=<8&7&8B0C8D+=0&"&;+-%+2
'HVD\XQR/OHJDGDD/X[RU9LVLWDGHOD2ULOOD
2ULHQWDO GHO 1LOR LQFOX\HQGR HO 7HPSOR GH
S"-("TC&'#&>@/&4-"(%'&%'&04$5,+&7&"H(&8+7&'(&
G¯DVHVLJXHQHQFRQWUDQGRUHVWRV\HO7HPSOR
/X[RUFRQVWUXLGRHQWUHORVD³RV\
"212&5+-+/&<"-"+('/&6>'(8+,'5&JJJ&7&D">/E/&
JJC&'BD.=,M0C&-=<8&7&8B0C8D+=0&";+-%+2

678)`9):;.<=1>();"U?#)5)!;)*'$#?

:'/"7*(+& 7& %'/'>;"-R*'2& 1-*B"-'>+/& #"&
+-$##"&+..$%'(,"#&%'#&V$#+&%+(%'&)$/$,"-'>+/&
HO 9DOOH GH ORV 5H\HV HQRUPH QHFUµSROLV
GRQGHVHKDQH[FDYDGRP£VGHWXPEDV
(O SULPHUR IDUDRQ HQWHUUDGR HQ HVWH 9DOOH
IXH7XWPRVLV,VLHQGRGHVSX«VHOOXJDUGH
-'5+/+& %'& <"-"+('/& ,"(& $>5+-,"(,'/& .+>+&
7XWDQNDPRQ5DPV«V,,5DPV«V,,,\6HWL,$
FRQWLQXDFLµQYLVLWDUHPRVHO7HPSORIXQHUD9
-$+&%'"&D'$("&U",/8'5/*,&7+/&4-"(%$+/+/&
&RORVRV GH 0HPQµQ $O ƓQDOL]DU WUDVODGR
"#&"'-+5*'-,+&5"-"&/"#$-&'(&)*'#+&%+>E/,$.+&
.+(&%'/,$(+&"&0#&1"$-+2&6/$/,'(.$"&7&,-"/#"%+&"#&
8+,'#2&'B0C8D+=02&

678)a9):&8,/=1>)!;)*'$#?

:'/"7*(+&;*<<',&'(&'#&8+,'#2&6"&8+-"&5-')$/,"&
,-"/#"%+& "#& "'-+5*'-,+& $(,'-(".$+("#& %'& '#&
1"$-+&5"-"&/"#$-&'(&)*'#+&.+(&%'/,$(+&"&/*&5"M/2

4.(*"*/%!+*5)/(./%
9*)'D'&%B<)

:'/"7*(+&;*<<',&'(&'#&8+,'#2&=+-"&>"?"("&/"9
#$%"&5"-"&)$/$,"-&""/&,-'/&=$-@>$%'/&%'#&A*$B"C&
OD(VƓQJHHO7HPSORGHO9DOOH\HO0XVHR(JLS9
.$+2&D'4-'/+&"#&8+,'#&7&8B0C8D+=02

0#&1"$-+

678)E9):F.=G=1>()!;)*'$#?)5)'%H'I)J

1-*.'-+

G=+-& .*'/,$+('/& +5'-",$)"/& %'#& %'/,$(+& 7&
/'4H(&%$/5+($;$#$%"%C"&(+.8'&5+%-@&-'"#$9
B"-/'&'(&'#&>$/>+&.-*.'-+&+&;$'(&'(&'#&8+,'#&
5-')$/,+&'(&6/F"(2

-E1F=3

3*Q+- Z
0%

Z
Z

678)]9):60D+()!6V")5);"U?#

678)@9):&+A,-0B=1>()!;)*'$#?

'HVD\XQREXIIHWHQHOKRWHO7UDVODGRDODHUR9
5*'-,+&%'#&1"$-+&5"-"&/"#$-&'(&)*'#+&%+>E/9
,$.+&.+(&%'/,$(+&"&6/F"(2&3#'4"%"C&"/$/,'(.$"&
7&,-"/#"%+&"#&8+,'#2&'B0C8D+=02

\ [ Z 0#&1"$-+

*+.O8O=1 ^_)*8/=T0,78);.C0

6/F"(

!+*1).%!*+/.$#%*$%2/,
<>*;%?'@%:'A>*(9?&<*9*@B'C&<

!"#$%&%'%()*++#%,*%-#+#.$*/%&
181/13*-8*-.*/0123
$%&'(%)*+"+!*,*+"++
0D\R6HSWLHPEUH
$ICH*$'>M&<
2FWXEUH
$ICH*$'>M&<
Z&V+)2&Y&ZZ&:$.2&[
(QHUR0DU]R
$ICH*$'>M&<
'LF(QHUR
$ICH*$'>M&<

G'>*-.*/0123*4*56%)*

/%@H*.IJ9 /%@H*!K*$ICH
4""
7+L
N#"
##L
!H"L"
O+L
N4L
#4"
!H!+"

4P"

7LL
!HN+L
47"

P""
!H+PL
O""

!"#$%0%'%()*++#%,*%-#+#.$*/%0
181/13*-8*-.*/0123
$%&'(%)*+"+!*,*+"++
0D\R6HSWLHPEUH
$ICH*$'>M&<
2FWXEUH
$ICH*$'>M&<
Z&V+)2&Y&Z\&:$.2&[
(QHUR0DU]R
$ICH*$'>M&<
'LF(QHUR
$ICH*$'>M&<

G'>*-.*/0123*4*56%)*

/%@H*.IJ9 /%@H*!K*$ICH
4!L
7N"
N#L
#+L
!H"7"
OLL
L""
#OL
!H!#L

47L

OP"
!HNNL
4P"

P!"
!H+O"
O!"

1+(-"%&Y&!'>$-">$/&J(,'-.+(9
,$('(,"#
6RQHVWD5R\DO/LO\0V
1+(.'-,+

*+.O8O=1 ^_)*8/=T0,78)W,+D=,8)%.Y_
0#&1"$-+
1-*.'-+

0HULGLHQ3LUDPLGHV0RYHQ9
5$.T&=$-">2
D"%">$/&J$&Y&V$#'&:+#58$(

!d$WN?

678)K9):L+=,<=1>()'%H'I)5)*#"*!#?

'HVD\XQR \ WUDVODGR D OD PRWRQDYH ŴXYLDO
VHOHFFLRQDGD9LVLWDDOD$OWD3UHVDGH$VZDQ
7&'#&I;'#$/.+&J(".";"%+2&'BD.=,M0&"&;+-%+2&
=+-& #"& ,"-%'& 5"/'+& '(& K"#*."& 5"-"& -'"#$B"-&
*("&)$/$,"&5"(+-@>$."&"#&L"-%M(&N+,@($.+C"&

'%H'I

!"#$%%$&'()*+,-.+/01)2324)5)2322

!"#

6+7,,8)%89/8):);0,<89+8)
!=/791+>9)8)!?+@/0)A)*,.-7,0
!"#!"$

!"#$%&

!"#$%&%'%()*++#%,#$(#-%./+0#$)#%
1%*2)!(/%3%4+54*+/
$9+-+0)79)-./*0121
67B)'C+C)5)*8+,0()!3*45%)*,*!6*789:;)

.,/*",%#0%12#/3%4),$,4/504*+3%+30%"#$4*03%,%
7HO$YLY1RFKHDERUGR

DE8)2F)5)2F)5)2F)GJ.971I()6!J)'K$K

$%&'(%)*+"+!*,*+"++*!"#$"#%&'()*+,'()*+(',-,.(/01-230

6/#7,",%,/%,#)382#)439%)#+#8+*:0%83)%02#$4)3%
)#8)#$#04,04#%#0%#/%,#)382#)439%,$*$4#0+*,%;%
WUDVODGRD7HO$YLY'B0L8H+79/0HQ7HO$YLY

2-27.>0>2?

DE8) MF) 5) MF) 5) MF) G&8,/71I() 6!J) 'K$K) 5)
;'NN') 5) *'!%'#!') 5) O'$N') 5) '*#!) 5)
P'J$J!'

7RGRHOD³RH[FHSWR6HSWLHPEUH
KDVWD)HEUHUR(

!"!#$%!&'('!)!*+,,+!)!-+$.+/$+!)!0+(,+!)!&1/$!)!2+%(%$+!
)!3+4+/$56!)!#(7$/(+8$.!)!9+%%$!8$%!*:/8;<!)!*$/=.+>
%?@! )! A$%$<! )! *$/=.+%?<! B-(=8+8! 9($C+D! )! *$/+.6! )!
&@@;<!)!E$5/+!)!F+8+7+!)!F:<5$!3$7:!)!G%!-+(/:!
)!&.H+<!)!I:@!J@7:!)!G8,=!)!G.<+!)!K=L:/!)!G%!-+(/:!

!"#$% 6% '% ()*++#% ,#$(#-% ./+0#'
$)#%1%*2)!(/
$9+-+0)79)-./*0121
67B)'C+C)5)*8+,0()!<*45%)*,*!!*789:;)

$%&'(%)*+"+!*,*+"++*!"#$"#%&'()*+,'()*+(',-,.(/01-230
7RGRHOD³RH[FHSWR6HSWLHPEUH
KDVWD)HEUHUR(

2-27.>0>2?
!"!#$%!&'('!)!*+,,+!)!-+$.+/$+!)!0+(,+!)!&1/$!)!2+%(%$+!
)!3+4+/$56!)!#(7$/(+8$.!)!9+%%$!8$%!*:/8;<!)!*$/=.+>
%?@! )! A$%$<! )! *$/=.+%?<! B-(=8+8! 9($C+D! )! *$/+.6! )!
&@@;<!)!E$5/+!)!F+8+7+!)!F:<5$!3$7:!)!G%!-+(/:!

!"#$%7%'%()*++#%,#$(#%1%./+0#$)#
$9+-+0)79)-./*0121
67B)'C+C)5)67B)'C+C()!!*45%)*,*=*789:;)

$%&'(%)*+"+!*,*+"++*!"#$"#%&'()*+,'()*+(',-,.(/01-230
7RGRHOD³RH[FHSWR6HSWLHPEUH
KDVWD)HEUHUR(

eW&)W&UW

!"#

DE8)4F)5)4F)5)4F)GD0H+9?0I()'&!#$*'

!"#$%%$&'()*+,-.+/01)2324)5)2322

<#$,;203%=2>#4?%.,/*",%8,),%20,%=)#1#%1*$*4,%
GHODFLXGDGGH7HO$YLY-DIID&RQWLQXDFLµQ
83)%/,%)24,%+3$4#),%@,+*,%A#$,)#,9%+*2","%)3B
',0,%"#%/,%#83+,%"#/%C#;%D#)3"#$9%>,'3$,%
83)%$2%7),0"*3$,%,)E2*4#+42),%;%$2%82#)439%
+2;,% *'83)4,0+*,% 8#)"2)3% @,$4,% /,% #83+,%
GH ORV FUX]DGRV 9LVLWD DO 7HDWUR 5RPDQR
+*2","%+)2F,",%;%#/%,+2#"2+43?%.#%8)3$*72#%
KDFLD+DLIDVLWXDGDHQODODGHUDGHO0RQWH
A,)'#/%8,),%83"#)%"*$>)24,)%"#%20,%1*$4,%8,B
QRU£PLFDGHODFLXGDGGHO7HPSOR%DKDL\
$2$%>,'3$3$%G,)"*0#$%H#)$,$?%A304*02,+*:0%
KDFLD$FUHSDUDYLVLWDUODFLXGDGIRUWLƓFDGD
"#%/3$%A)2F,"3$%"#%/,%(83+,%'#"*#1,/9%"#$"#%
"30"#%$#%83")50%,8)#+*,)%/,$%'2),//,$%"#%/,%
+*2","%,04*72,?%.#%8)3$*72#%@,+*,%/,%I,/*/#,?%
'B0L8H+79/0%#0%/,%I,/*/#,%!D34#/%3%J*=24F-?

DE8)QF)5)QF)5)QF)G&+R,-0B71I()P'J$J!')5
S'T'#!6O)5)6$U!#$'D!%

<#$,;203%=2>#4?%.,/*",%1K,%A,0,%"#%I,/*/#,%
KDFLD 1D]DUHWK 9LVLWD GH OD %DV¯OLFD GH OD
&020+*,+*:0% ;% /,% A,)8*04#)K,% "#% G3$#?% .#%
FRQWLQ¼DERUGHDQGRHO0DUGH*DOLOHDKDFLD
7LEHULDGHV3RUODWDUGHFRQWLQXDUHPRVKDFLD
7DEJKDSDUDYLVLWDUHOOXJDUGHOD0XOWLSOLFDB
+*:0%"#%/3$%H,0#$%;%"#%/3$%H#+#$?%62#73%$#%
SURVLJXHD&DSHUQDKXPHO0LQLVWHULRP£V
*'83)4,04#% "#% /3$% L/4*'3$% +2,4)3% ,M3$% "#%
G#$2$9% 8,),% 1*$*4,)% /,% &04*72,% .*0,737,% ;%
/,%A,$,%"#%.,0%H#")39%$#72*)#'3$%@,+*,%#/%
0RQWH GH ODV %LHQDYHQWXUDQ]DV HVFHQDULR
GHO 6HUPµQ GH OD 0RQWD³D 3RU ¼OWLPR
20,%=)#1#%1*$*4,%,%/,%N5=)*+,%"#%<*,',04#$9%
$#720",%*0"2$4)*,%'5$%*'83)4,04#%"#/%8,K$?%
'B0L8H+79/0%#0%/,%I,/*/#,%!D34#/%3%J*=24F-?

DE8)VF)5)VF)5)VF)G;.7C71I()6$U!#$'D!%)5
K'JJ!)D!J);W#DXS)5);!#"%'JYS

'HVD\XQREXIHW6DOGUHPRVGH7LEHULDVFRQ
)2'=3%@,+*,%O,)"#0*4%!/27,)%"#/%P,24*$'3-9%
DRULOODVGHOULR-RUGDQ6HJXLUHPRVYLDMDQGR
SRUHO9DOOHGHO-RUGDQKDVWD%HLW6KHDQXQD
"#%/,$%8)*0+*8,/#$%+*2","#$%"#%/,%"#+583/*$%
7)*#7,%+2;,%*'83)4,0+*,%#$4),4(7*+,%"#=*"3%,%
VXXELFDFLµQJHRJU£ƓFDKDSHUGXUDGRDWUDB
Y«VGHODKLVWRULDKDVWDQXHVWURVG¯DV9LVLWD
"#%/,$%#Q+,1,+*30#$%,)E2#3/:7*+,$?%A304*02,B
+*:0%1*,%<#$*#)43%"#%G2"#,%@,+*,%G#)2$,/(09%
=3)"#,0"3%/,%+*2","%"#%G#)*+:%;%82"*(0"3$#%
DSUHFLDUGHVGHHOFDPLQRHO0RQWHGHODV7HQB
4,+*30#$?%'B0L8H+79/0%#0%G#)2$,/(0?

DE8)ZF)5)ZF)5)ZF)GK+7,971I();!#"%'JYS)
G*$"D'D)S"!K'I)5)U!J!S)5);!#"%'JYS
<#$,;203% =2>#4?% .,/*",% 8,),% 20,% 1*$*4,% "#%
OD &LXGDG 1XHYD GH -HUXVDO«Q 9LVLWD GHO
6DQWXDULRGHO/LEURHQHO0XVHRGH,VUDHO
"30"#%#$450%#Q82#$43$%/3$%',02$+)*43$%"#/%
0DU0XHUWR\HO0RGHORTXHUHSUHVHQWDOD
A*2","%"#%G#)2$,/(0%#0%4*#'83$%"#%G#$2$?%
9LVWDGHOD8QLYHUVLGDG+HEUHDGH-HUXVDO«Q
8)3$*72*#0"3% @,+*,% R*0% J,)#'9% 8*043)#$+3%
=,))*3%"#%/,$%,>2#),$%"#%G#)2$,/(0%8,),%1*B
$*4,)%#/%.,042,)*3%"#%.,0%G2,0%P,24*$4,?%<#%
DOO¯FRQWLQXDUHPRVDO0HPRULDO '302'#043% )#+3)",43)*3% ,% /3$% S% '*//30#$%
GHMXG¯RVTXHSHUHFLHURQHQHO+RORFDXVWR
3RUODWDUGHYLDMHKDVWD%HOHQ9LVLWDGHOD
T7/#$*,%"#%/,%U,4*1*","%;%/,%I)24,%"#/%U,+*B
'*#0439% A,8*//,$% "#% .,0% G#):0*'3% ;% .,0%
G3$#?%C#7)#$3%,%G#)2$,/(0?%'B0L8H+79/0%#0%
G#)2$,/(0?

DE8)[F)5)[F)5)[F)G%\]8<0I();!#"%'JYS)
G*$"D'D)K$!;'I
'HVD\XQREXIHWH6DOLGDY¯D0RQWH6FRSXV
KDFLDHO0RQWHGHORV2OLYRV3DQRUDPDGH
/,%A*2","%.,04,%&'2),//,",?%A304*02,+*:0%
@,+*,%I#4@$#',0*9%P,$K/*+,%"#%/,%&730K,?%.,B
OLGDKDFLDOD&LXGDG$QWLJXD9LVLWDGHO0XUR
2FFLGHQWDO 0XUR GH ORV /DPHQWRV &RQB
WLQXDUHPRVFRQODYLVLWDDOD9¯D'RORURVD
T7/#$*,% "#/% .,043% .#82/+)3?% <#$82($% @,+*,%
HO0RQWH6LRQSDUDYLVLWDUOD7XPEDGHO5H\
<,1*"9%#/%A#05+2/3%!.,/,%"#%/,%V/4*',%A#0,-9%
;%/,%&=,"K,%"#%/,%<3)'*+*:0?%'B0L8H+79/0%#0%
G#)2$,/(0?

DE8)^F)5)^F)5)^F)GD0H+9?0I();!#'%O)5
'&&XS

<#$,;203%=2>(?%.,/*",%"#%G#)2$,/(0%,%.@#*W%
D2$$#*0%;%+)2+#%,%G3)",0*,?%62#73%"#%4),'*B
4,)%/3$%,))#7/3$%>)304#)*F3$%+3))#$830"*#04#$X%
+304*02,+*:0%@,+*,%G(),$@9%+*2","%"#/%<#+5B
SROLVVLWXDGDDNPVDOQRUWHGH$PPDQ
HQ ODV I«UWLOHV DOWXUDV GHO *LOHDG 9LVLWD GH
/3$%)#$43$%"#%/,%,04*72,%+*2","%)3',0,%+30%
$2$%+,//#$%,"3)0,",$%"#%+3/2'0,$9%#/%4#,4)39%
/3$%=,M3$%$*42,"3$%#0%/,%+*',%"#%/,%+3/*0,9%
#/%,)+3%"#/%4)*20>3?%A304*02,+*:0%,%&''509%
/,%+,8*4,/%"#%G3)",0*,9%"30"#%$#%)#,/*F,%20,%
=)#1#%1*$4,%"#%/3$%/27,)#$%*'83)4,04#$?%'B0_
L8H+79/0%#0%&''50?

DE8)`F)5)`F)5)`F)GJ.971I()'&&XS)5)a!6#'

<#$82($%"#/%"#$,;203%$,/*",%"#/%@34#/%'2;%
4#'8),03%83)%/,%+,))#4#),%"#/%"#$*#)43%@,+*,%
:DGL0XVDOOHJDGDD3HWUD5HFRUULGRDSLH
SRUXQGHVƓODGHURSHQHWUDQGRHQODDQWLB
72,%+*2","%"#%/3$%U,=,4#3$%"#$"#%#/%4#)+#)%
VLJORDF9LVLWDGHORVLPSUHVLRQDQWHVPRB
02'#043$% #$+2/8*"3$% #0% )3+,% )3$,% +3'3%
SRUHMHPSORHOWHVRURŏ(O.KD]QHŐWXPED
GHXQUH\QDEDWHRODV7XPEDVORVREHOLVB
FRV\HODOWDU$O0DGKEDK'B0L8H+79/0%#0%
H#4),?

DE8) 43F) 5) 43F) G&8,/71I() &'D'U') 5)
&WS6!) S!UW) 5) '!#Wa"!#6W) D!)
'&&'S)5)'!#Wa"!#6W)D!)!J)*'$#W
'HVSX«VGHOGHVD\XQRVDOLGDKDFLD0DGDED
8,),%1*$*4,)%/,%+*2","%&04*72,%P*F,04*0,%;%1#)%
HO DQWLJXR 0RVDLFR GHO PDSD GH OD 7LHUUD
.,04,%;%)2*0,$%"#%/27,)#$%@*$4:)*+3$?%.#%+30B
WLQ¼DDOUHGHGRUGHNPVKDFLDHO0RQWH
1HEROXJDUGRQGH0RLV«VDGPLUµODWLHUUD
8)3'#4*",?%<#$"#%#$#%82043%"*$>)24,)#'3$%
GHXQDPDJQLƓFDYLVWDSDQRU£PLFDGHOYDOOH
GHO-RUGDQ-HULFµ\HO0DU0XHUWR&RQWLB
02,+*:0%@,+*,%#/%,#)382#)43%"#%&'',0%8,),%
43',)%#/%12#/3%,%R/%A,*)3?%6/#7,",%,%R/%A,*)39%
4),$/,"3%,/%@34#/%;%8B0L8H+79/0?
a8,8)B01)@818L7,01)/0.,)44) 'C+C)GaJ'S)MI(

DE8) 43F) G&8,/71I() &'D'U') 5) &WS6!)
S!UW)5)a"!S6!)'JJ!SUb)5);!#"%'JYS
'HVSX«VGHOGHVD\XQRVDOLGDKDFLD0DGDED
8,),%1*$*4,)%/,%+*2","%&04*72,%P*F,04*0,%;%1#)%#/%
DQWLJXR0RVDLFRGHOPDSDGHOD7LHUUD6DQWD
6H FRQWLQ¼D DOUHGHGRU GH NPV KDFLD HO
0RQWH1HEROXJDUGRQGH0RLV«VDGPLUµOD
WLHUUDSURPHWLGDFRQXQDPDJQLƓFDYLVWDSDB
QRU£PLFDGHOYDOOHGHO-RUGDQ-HULFµ\HO0DU
0XHUWR&RQWLQXDFLµQKDFLDHO3XHQWH\UHB
7)#$3%,%G#)2$,/(0?%'B0L8H+79/0%#0%G#)2$,/(0?

DE8)44F)G&+R,-0B71I();!#"%'J!S)5)6!J)
'K$K
<#$,;203%=2>#4?%&%/,%@3),%*0"*+,",%4),$/,"3%
"#%$,/*",%,/%,#)382#)43%8,),%43',)%$2%12#/3%
"#%)#7)#$3?

DE8)44F)5)44F)G&+R,-0B71I()!J)*'$#W

<#$,;203?%.,/*",%8,),%)#,/*F,)%/,%1*$*4,%,%/,%
QHFUµSROLVGH6DNNDUD\ODFLXGDGGH0HPƓ
+,8*4,/% "#/% T'8#)*3% &04*723?% H3)% /,% 4,)"#%
1*$*4,%,%/,$%4)#$%H*)5'*"#$%"#%I*F,9%/,%#4#)0,%
(VƓQJH\HO7HPSORGHO9DOOHQRLQFOX\HOD
#04),",% ,/% *04#)*3)% "#% /,$% H*)5'*"#$-?% C#B
7)#$3%,/%@34#/?%'B0L8H+79/0%#0%R/%A,*)3?

DE8)42F)5)42F)G;.7C71I()!J)*'$#W

<#$,;203?% &DLURYLVLWDDO0XVHRGH$UWH)DUDµQLFROD
&LXGDGHODGH6DODGLQRFRQVX0H]TXLWDGH
&/,=,$4)39%R/%P,F,)%J@,0%#/%J@,/*/*%;%#/%P,))*3%
A3843?%C#7)#$3%,/%@34#/?%'B0L8H+79/0%#0%R/%
A,*)3?

DE8)4MF)GK+7,971I()!J)*'$#W)5)'%c'S

<#$,;203?%.,/*",%,/%,#)382#)43%"#%R/%A,*)3%
8,),% 43',)% #/% 12#/3% +30% "#$4*03% ,% &$Y,0?%
9LVLWD D OD 3UHVD GH $VZDQ \ HO 7HPSOR GH
N*/,#?%<#$82($%"#%/,%1*$*4,9%4),$/,"3%,/%=,)+3?%
&/'2#)F3% ,% =3)"3?% &% +304*02,+*:0% "#/% ,/B
'2#)F39%@,)#'3$%20%8,$#3%#0%>,/2+,%!4K8*+3%
1#/#)3%#7*8+*3-%83)%#/%U*/39%"#$"#%"30"#%4#0B
GUHPRV XQD SDQRU£PLFD GHO 0DXVROHR GH
&7@,%J@,09%"#%/,%*$/,%R/#>,04*0,%;%"#/%G,)"K0%
P3450*+3?%*798%;%90-d7)8)]0,<0?

!"#$#%" O

!"#$%!&'(#')&"*+!

X--Y-D-OO-D-OZ-+/0@%)->%-@/4%#-)%RU+-0"4%R/'M"-- - E%F0%14/-#")-[-+/0@%)->%-0'(0%'/-1/'-%#-2$#/- )/+-%+-1%+)$L+-0/81#%4"-\-;%;$>")-+/-$+0#($>")G
X-O]DO[->M")-%F0(')$/+%)-0/+-R(M"->%-@";#"- @$)1"+"-)%RU+-$4$+%'"'$/J
X--^'")#">/->%-##%R">"-7-")$)4%+0$"-%+-%#-"%'/1(%'4/
- ?%+T!('$/+J
X--_-0%+")-^/('-OO->M")5-Y-0%+")-4/('-O`->M")5-O`-- 0%+")-4/('-Oa->M")J
X-b(%#/-V88"+-\-,#-."$'/
X-b(%#/->/8*)4$0/)-.VcTHdBDV3eT.Vc
X-^'")#">/->%-)"#$>"-"#-"%'/1(%'4/->%-,#-."$'/

JB7)4Oc)`d+8,R81b()!a)*'$#N)

A%)"7(+/J-V-#"-@/'"-1'%K$)4"-4'")#">/-"#-"%T
'/1(%'4/->%-,#-."$'/-1"'"-4/8"'-%#-K(%#/->%'%R'%)/J

JB7) 4Mc) `%eI760b() '%f'Z) 5) TN&)
N&gN)5)!JU"
A%)"7(+/-"-;/'>/J-2"K%R"'%8/)-@"0$"-:/868;/-1"'"-K$)$4"'-%#-4%81#/->%-:/8-68;/5HO¼QLFRGHGLFDGRDGRVGLYLQLGDGHVHOGLRV
3/;%C-0/+-0";%<"->%-0/0/>'$#/-7-%#->$/)-9"T
'/%'$)-0/+-0";%<"->%-@"#0L+J-3%R($8/)-@"0$",>S(J-*8R7-7-R0-S8)7)I0,60J

7HEDV9DOOHGHORV5H\HV7HPSORIXQHUDULR
>%-#"-B%$+"-9"4)@%1(4-0/+/0$>/-0/8/-,#-A%$'GH%DKDU\ORV&RORVRVGH0HPQRQ3RUOD
4"'>%-K$)$4"'%8/)-#/)-4%81#/)->%-:"'+"C-7/X[RU7UDVODGRDODHURSXHUWRGH/X[RUSDUD
WRPDUHOYXHORD(O&DLUR7UDVODGRDOKRWHO
'?0@7=+8R/0-%+-,#-."$'/J

JB7) 4Pc) `&7,/81b() :#'%a'JN) J!) %'i
a$J')'a)'!#N<"!#:N)J!)!a)*'$#N

A%)"7(+/J-V-#"-@/'"-1'%K$)4"-4'")#">/-"#-"%T
'/1(%'4/->%-,#-."$'/-1"'"-4/8"'-%#-K(%#/->%)"#$>"J

O W

)R$L*'

'HVD\XQRDERUGR9LVLWDDO7HPSORGH(GIX
>%>$0">/-"#->$/)-9/'()J-A%)1(*)->%-#"-K$)$4"<"'1"'%8/)- "- ,)+"J- .'(<"'%8/)- #"- %)0#()">%-,)+"-7-0/+4$+("'%8/)-+"K%R"+>/-@"0$"H(F/'J-*8R7-7-R0-S8)7)g0,60J

'HVD\XQRDERUGR9LVLWDDODQHFUµSROLVGH

H(F/' O
O

,>SU

V)I"+

9(/!"!0#$%!:'0/(0#
8(<3=391:.<
*+.67681 *7/9):.,+1/7

*7/9:.,9%.;9

<,+=8,7

*7/94>)%.;9

%8=+?.@0

7HO$YLY

3%"-2%45-6#781$"
9/4%#-:$;(4<
-DFRE7LEHULDV
='$8"-!"#$#

!'"+>-?%"0@

.'/I+%-=#"<"

A"+-="+/'"8"

&%'()"#%8-!"4%5!/#>-

0HWURSROLWDQ
E\
9/4%#-:$;(4<
H%/+"'>/5-H"C%9/()%5-B/+?%"0@
!'"+>-./('45H%/+"'>/

='$8"-="'C-D.'/I+-=#"<"3@"#/8-E%FE@J,F%0(4$K%G
B$8/+$8G?"'0%#/-=7'"8$>)- ?"'0%#/-=7'"8$>) B"8)%)-9$#4/+
='$+0%))-3"'"@
='$+0%))-3"'"@

!"#$#%"
7LEHULDGHV
&%'()"#*+

,#-."$'/
?"'0%#/-=7'"8$>)
.'(0%'/-1/'%#-2$#/

9/4%#-:$;(4<
A"7)-!/#"+5B/7"#-=#"<"

9J-:$;(4<
:$;(4<-E@";J-A#FG
&DHVDU7LEHULDV !"#%$-:$+%'%4D
B/+-?%"0@
H%/+"'>/-=#"<"
A"+-="+/'"8"
B"8)%)-9$#4/+

Q)'?0@7=+8R/0)8R)S0/8?)T+II./L)5):+I8,+71)8R);8,+0601)68)'?/7):8=;0,767)C)U81/+V01)8W+1/8)?7)0;-+XR)Y.8)8?)
7?0@7=+8R/0)18)68)8R)Z7L7,8/F)Z7S7,+7)0)[7+\7)8R)?.A7,)68)7?0@7=+8R/0)8R):+I8,+71)C50)T+I./L)8R)?7)]7?+?879)<7,7)
/0671)?71)-7/8A0,B71)^)?01)S0/8?81)10R(
Z7L7,8/()[0/8?)]0?68R)*,0_R)0)1+=+?7,)5)Z7S7,+7()*7,?/0R)Z7S7,+7)0)1+=+?7,)5)[7+\7()J7R)<7R0,7=7)0)*0?0RC

JB7) 4Hc) `J0=+RA0b() !JU") 5) !%Z') 5)
a"hN#

JB7)4Dc)`a.R81b()a"hN#)5)'!#N<"!#:N)
J!)!a)*'$#N

7HO$YLY &%'()"#%8 O V88"+
S'BD,%$,
$>B,)+
O =%4'"

,#-."$'/

L:.538<(%'(3/59PT./N
X-^")")->%-)"#$>"-c)'"%#-EK%'-+/4")G
X- b$)">/-,R$14/f-O3"%J-1/'-1%')/+"-E1"R/->$'%04/GJ
X-='/1$+")-.'(0%'/-1/'-%#-'M/-2$#/f-MH"%J-1J1J--- "1'/F$8">"8%+4%-E/;#$R"4/'$/GJ
X-.("#Q($%'-%F4'"-+/-$+>$0">/-0/8/-$+0#($>/J

<7,7) ?01) ;717@8,01) 17?+8R60) 8R) !?) *7+,0)
`

O 7LEHU¯DGHV

$%!&'(#$!%0(),#!)#*03
./(012341536/(7829.(8(4:3;9.

$",)#-#.#/'!%%,#0,)/,1#2(%3,)',#+#!4'$/(#5#&%*&!%(6#$%$&$'()%(*)+(,-$>19371<(?"?!(@(?"??
j!#"%'a!&

A3/(&,$B'(!C(DE1<

*7/8A0,B7

9";$4"0$L+->/;#%-D-4'$1#%
>KL+)M)%*'>(>,+$D,>N
&7C0)4D)E)'A01/0)4F)GF)4HF)22)E)
%8;/+8=I,8)HF)2D)E)J+-+8=I,8)4KF)2D
>KL+)M)%*'>(>,+$D,>N
&7,L0)24)E)%8;/+8=I,8)4K
>P;G(>3/Q9.

:.,+1/7)%.;9

<,+=8,7

4>)%.;9

%8=+?.@0

!?"

!!#

FG"H"

FG?I#

FGJH"

#G!J#

#?#

FH#

JF#

!G?O"

!GIH"

!GCO"

!GHI#

$",)#7#.#/'!%%,#0,)/,12(%3,)',#+#!4'$/(6#$%$&$'()%(*)+(,-$>19371<(?"?!(@(?"??

A3/(&,$B'(!I(DE1<

*7/8A0,B7

(QKDE'REOH7ULSOH
>KL+)M)%*'>(>,+$D,>N
&7,L0)24)E)&7C0)4D)E)'A01/0)4F)GF)4HF)
22)E)J+-+8=I,8)4KF)2D
>KL+)M)%*'>(>,+$D,>N
&7,L0)2G)E)%8;/+8=I,8)4K
>P;G(>3/Q9.

<!:#'
ZN:'%(
A%;$>/-"-#"-0%#%;'"0$L+->%#->M"->%#-=%'>L+-%)4%-4/('-+/-/1%'"'N-#"-)"#$>"->%#-OP-)%14$%8;'%J
A%;$>/-"-#"-"#4"->%8"+>"-Q(%-)%-%)1%'"-%+-&/'>"+$"5-1/)$;#%8%+4%-%+-"#R(+")-S%0@")-4/>")-#")-+/0@%)->%DORMDPLHQWRHQHVWHFLUFXLWRVHDQHQODFLXGDGGH$PDQHQOXJDUGHQRFKHHQ$PDQ\QRFKHHQ3HWUD
/RVSUHFLRVGH-RUGDQLDHVW£QVXMHWRVDFDPELRVLQSUHYLRDYLVRVHJ¼QVHDGHWHUPLQDGRSRUODVDXWRULGDGHV
MRUGDQDVSHUWLQHQWHV
7DVDGHVDOLGDGH,VUDHOIURQWHUD6KHLN+XVVHLQŊDSUR[LPDGDPHQWHXVGSRUSHUVRQDVXMHWRDFDPELR
VLQSUHYLRDYLVRHQFDVRGHVDOLGDSRUSXHQWH$OOHQE\XVGSRUSHUVRQDDSUR[LPDGDPHQWHVXMHWRD
0"8;$/-)$+-1'%K$/-"K$)/G
7DVDGHVDOLGDGH-RUGDQLDŊDSUR[LPDGDPHQWHXVGSRUSHUVRQDVXMHWRDFDPELRVLQSUHYLRDYLVR
6KXWWOH%XVGHVGHHOODGRLVUDHO¯DOODGRMRUGDQRGHODIURQWHUD\YLFHYHUVDŊDSUR[LPDGDPHQWHXVGSRU
SHUVRQDSRUWUDPRVXMHWRDFDPELRVLQSUHYLRDYLVR
(QHOPRPHQWRGHHGLFLµQHOYLVDGRSDUD-RUGDQLDHVJUDWXLWRWRWDOPHQWHVXMHWRDFDPELRVVLQSUHYLR
"K$)/J
9LVDGRHQWUDGD(JLSWR86'SRUSHUVRQDSDJRG