30 iconic musicians you may not know were LGBTQ+

kAmx7 J@FVC6 =@@<:?8 7@C {vq%"Z 2CE:DED E@ DFAA@CE :? a_ad[ J@F 92G6 ?@ D9@CE286 @7 @AE:@?D] r92AA6== #@2? 6IA=@565 :? A@AF=2C:EJ :? a_ac 2?5 C6=62D65 96C 42E49J ?6H D@?8 Qk2 9C67lQ9EEADi^^HHH]J@FEF36]4@>^H2E49nGlH@{7pGsd:)xQm%96 $F3H2Jk^2mQ @? pF8] `[ a_ad] %92E D2>6 52J[ s6>: {@G2E@ 5C@AA65 Qk2 9C67lQ9EEADi^^HHH]J@FEF36]4@>^H2E49nGlE+`haF|p!#pQmu2DEk^2m[Q E96 7:CDE D:?8=6 7C@> 96C 7@CE94@>:?8 52?46\A@A 2=3F>] p?5 3@E9 @7 E96D6 ?6H EC24<D 7@==@H $2> $>:E9VD C6=62D6 @7 2 ?6H D@?8 @7 E96:C @H?[ Qk2 9C67lQ9EEADi^^HHH]J@FEF36]4@>^H2E49nGlI$yJb{G(v<HQm%@ q6 uC66k^2m[Q :? yF=J a_ad]k^Am

kAm~7 4@FCD6[ E9C@F89@FE 9:DE@CJ[ E96C6 92G6 2=D@ 366? >FD:4:2?D H9@ 4@F=5?VE =62G6 E96 4=@D6E 369:?5] $@>6 =:G65 :? 2 E:>6 H96? DF49 3C@25 =2?8F286 E@ 56D4C:36 E96 DA64ECF> @7 :56?E:E:6D 5:5 ?@E J6E 6I:DEj 7@C D@=246[ E96J EFC?65 E@ >FD:4[ E96 42E2=JDE 3J H9:49 BF66C >FD:4:2?D 4@F=5 4@?G6J E96:C 2FE96?E:4 D6=G6D]k^Am

kAmp=E9@F89 DE:8>2 2?5 =2HD G2DE=J 56E6CC65 >2?J A6@A=6 7C@> @A6?=J 6IAC6DD:?8 E96:C {vq%"Z :56?E:E:6D[ >FD:4 3642>6 2 3C:586] %96 C6G6C36C2E:?8 52H? @7 5:D4@ 2?5 A62C=6D46?E 8=2> C@4< :? E96 Vf_D FD96C65 :? 2 F?:BF6 D@F?5 E92E ;@:?65 <:5D 7C@> 2== :56?E:E:6D[ C246D[ 2?5 D@4:@64@?@>:4 324<8C@F?5D] qJ E96 Vg_D[ 86?56C\36?5:?8 24ED =:<6 s2G:5 q@H:6[ rF=EFC6 r=F3[ 2?5 v6@C86 |:4926= 925 5@>:?2E65 C25:@[ C@FD:?8 2 ?6H BF66C 86?6C2E:@? H:E9 6G6CJ 49@C5] %92E 86?6C2E:@? =:G6D @?—3FE ?@ =@?86C :? E96 D925@HD @7 D:=6?46 2?5 D64C64J E92E @?46 4@?7:?65 E96>j BF66C >FD:4:2?D 2C6 =@F56C E92? 6G6C]k^Am

kAms6DA:E6 E96 DEC:56D @7 >FD:4VD 8C62E6DE 7@C6362CD[ :EVD G:E2= E@ 4@?E:?F6 6?4@FC28:?8 {vq%"Z G:D:3:=:EJ :? E96 >FD:4 :?5FDECJ] %@ 9@?@C E92E C6DA@?D:3:=:EJ[ k2 9C67lQ9EEADi^^DE24<6C]4@>^DE@C:6DQm$E24<6Ck^2m C6D62C4965 >FD:4 9:DE@CJ E@ 9:89=:89E ad :4@?D J@F >:89E ?@E <?@H 2C6 >6>36CD @7 {vq%"Z 4@>>F?:E:6D]k^Am

kAmuC@> 4=2DD:4 86?56C\36?5:?8 C@4<6CD E@ p7C@7FEFC:D> A@A DE2CD—4@?E:?F6 C625:?8 E@ =62C? H9:49 @7 E96 H@C=5VD >@DE 36=@G65 D:?86CD 2?5 D@?8HC:E6CD 2C6 2=D@ {vq%"Z]k^Am

k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^_a!+ba0`]A?8Q 2=ElQ|2 #2:?6J 2?5 96C 32?5 A@D6 7@C 2 A@CEC2:E]Q E:E=6lQ|2 #2:?6JQ DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?m|:4926= ~49D pC49:G6D ^^ v6EEJ x>286Dk^7:842AE:@?mk^7:8FC6m

k9am|2 #2:?6Jk^9am

kAm!@DE9F>@FD=J 566>65 E96 |@E96C @7 q=F6D[ |2 #2:?6J C@D6 E@ DE2C5@> :? E96 62C=J `ha_D E9C@F89 96C C2DAJ G@:46] $96 E9C6H 2 Q=6D3:2? A2CEJ[Q H9:49 =65 E@ 96C k2 9C67lQ9EEADi^^HHH]A3D]@C8^@FE@7E96A2DE^A2DE^Ab^`had0`]9E>=Qm2CC6DEk^2mj D96 H2D =2E6C 32:=65 @FE @7 ;2:= 3J 96C k2 9C67lQ9EEADi^^HHH]3:@8C2A9J]4@>^?6HD^36DD:6\D>:E9\>2\C2:?6J\3:@8C2A9JQmCF>@C65 =@G6Ck^2m 2?5 76==@H 3=F6D D:?86C q6DD:6 $>:E9] %96 >@DE 72>@FD @7 96C D@?8D E@ C676C6?46 96C D6IF2=:EJ[ Q!C@G6 xE @? |6 q=F6D[Q AC@4=2:>Di Qx >62? E@ 7@==@H 6G6CJH96C6 D96 8@6D^ u@=<D D2J xV> 4C@@<65^ x 5:5?VE <?@H H96C6 D96 E@@< :E^ x H2?E E96 H9@=6 H@C=5 E@ <?@H]Qk^Am

k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^_b$vsz0`]A?8Q 2=ElQ{25J v282 A6C7@C>D @?DE286 5FC:?8 E96 ecE9 p??F2= v#p||* pH2C5D]Q E:E=6lQ{25J v282Q DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?m#:49 uFCJ ^^ v6EEJ x>286D 7@C %96 #64@C5:?8 p4256>Jk^7:842AE:@?mk^7:8FC6m

k9am{25J v282k^9am

kAm"F:4<=J 364@>:?8 2 82J :4@? 7@C 96C A@A 9:ED 23@FE D6=7\=@G6 2?5 D6?DF2=:EJ[ {25J v282 42>6 @FE 2D 3:D6IF2= :? 2 a__h k2 9C67lQ9EEADi^^HHH]J@FEF36]4@>^H2E49nGl5Ke%*"c{?gtU2>Aj230492??6=l{25Jv282x|p)wsQm:?E6CG:6Hk^2m H:E9 q2C32C2 (2=E6CD] %96?[ 5FC:?8 2 4@?46CE E92E D2>6 J62C[ E96 A@A D6?D2E:@? k2 9C67lQ9EEADi^^HHH]?3432J2C62]4@>^?6HD^?2E:@?2=\:?E6C?2E:@?2=^=25J0828206?E6CE2:?D0E9@FD2?5D02E0A2=>0DAC:?8D0H9:E60A2CEJ^`gggbca^QmC6G62=65k^2m E92E 96C 9:E D@?8 Q!@<6C u246Q H2D 23@FE D=66A:?8 H:E9 2 >2? H9:=6 72?E2D:K:?8 23@FE H@>6?] {25J v282 C6>2:?D 2 G@42= {vq%"Z 25G@42E6—D96 FD65 96C a_ad vC2>>J pH2C5 2446AE2?46 DA6649 E@ DA@E=:89E E96 k2 9C67lQ9EEADi^^G2C:6EJ]4@>^a_ad^>FD:4^?6HD^=25J\8282\8C2>>JD\DA6649\EC2?D\A6@A=6\56D6CG6\=@G6\`abeahcg`b^QmEC2?D86?56C 4@>>F?:EJk^2m[ D2J:?8[ Q%C2?D A6@A=6 56D6CG6 =@G6] %96 BF66C 4@>>F?:EJ 56D6CG6D E@ 36 =:7E65 FA] |FD:4 :D =@G6]Qk^Am

k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^_c&hqs0`]A?8Q 2=ElQs2G:5 q@H:6 A6C7@C>D :? 4@?46CE]Q E:E=6lQs2G:5 q@H:6Q DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?ms2G6 q6?6EE ^^ v6EEJ x>286Dk^7:842AE:@?mk^7:8FC6m

k9ams2G:5 q@H:6k^9am

kAmz?@H? 7@C 9:D 72C\@FE 2?5 7F?<\:?7FD65 A@A >FD:4[ :E H2D?VE ?646DD2C:=J 2 DFCAC:D6 H96? s2G:5 q@H:6 56G6=@A65 E96 3:D6IF2= 2=:6? DE286 A6CD@?2 @7 +:88J $E2C5FDE :? E96 62C=J `hf_D] (9:=6 E96 BF6DE:@? @7 q@H:6VD @H? D6IF2=:EJ H2D E96 E@A:4 @7 4@?G6CD2E:@?D 7@C 564256D—H:E9 E96 D:?86C 9:>D6=7 8@:?8 324< 2?5 7@CE9 @? H92E 9:D =236=D H6C6—96 7:?2==J D6E E96 C64@C5 DEC2:89E :? k2 9C67lQ9EEADi^^H63]2C49:G6]@C8^H63^a__g_d`_`_b`_b^9EEAi^^HHH]3=6?56C]4@>^8F:56^2CE:4=6D]2DAIn:5lbeeQma__ak^2m] Qx 925 ?@ AC@3=6> H:E9 A6@A=6 <?@H:?8 x H2D 3:D6IF2=[Q 96 E@=5 E96 ?@H\567F?4E q=6?56C >282K:?6] QqFE x 925 ?@ :?4=:?2E:@? E@ 9@=5 2?J 32??6CD @C 36 2 C6AC6D6?E2E:G6 @7 2?J 8C@FA @7 A6@A=6]Qk^Am

k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^_d`'#f0`]A?8Q 2=ElQy@2? y6EE 2EE6?5D U=DBF@jv66K6CUCDBF@j !C6>:6C6 2E E96 %C:3642 u:=> u6DE:G2=]Q E:E=6lQy@2? y6EEQ DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?m%96@ (2C8@^v6EEJ x>286D 7@C %C:3642 u:=> u6DE:G2=k^7:842AE:@?mk^7:8FC6m

k9amy@2? y6EEk^9am

kAmz?@H? 2D E96 DE2C @7 @?6 @7 C@4<VD 7:CDE 8:C= 8C@FAD[ y@2? y6EE :D 6BF2==J 2D 72>@FD 7@C 96C D6IF2=:EJ 2D 96C D:8?2EFC6 C2DAJ 3C2G25@] s6DA:E6 E9:D[ D96VD 366? :?72>@FD=J 4286J 23@FE 96C C@>2?E:4 2?5 D6IF2= C6=2E:@?D9:AD] (96? 2D<65 23@FE 96C D6IF2=:EJ :? a_`g 5FC:?8 2? k2 9C67lQ9EEADi^^HHH]?JE:>6D]4@>^a_`g^_h^af^>@G:6D^;@2?\;6EE\325\C6AFE2E:@?\5@4F>6?E2CJ]9E>=Qm:?E6CG:6Hk^2m H:E9 E96 }6H *@C< %:>6D[ y6EE C676CC65 E@ 2 A6?52?E D96 H2D H62C:?8i EH@ 2I6D 4C@DD:?8 6249 @E96C[ :?D:56 @7 EH@ H@>6? DJ>3@=D 4C@DD:?8 6249 @E96C] Qx 5@?VE <?@H 9@H >F49 >@C6 J@F 42? 564=2C6[Q E96 D:?86C DE2E65]k^Am

k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^_equ*+0`]A?8Q 2=ElQ"F66? {2E:729 2EE6?5D E96 qt% pH2C5D a_a`]Q E:E=6lQ"F66? {2E:729Q DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?m#:49 uFCJ ^^ v6EEJ x>286Dk^7:842AE:@?mk^7:8FC6m

k9am"F66? {2E:729k^9am

kAm"F66? {2E:729 C6>2:?D 2? 6?5FC:?8 2?5 8C@F?53C62<:?8 9:A\9@A A:@?66C[ 3@2DE:?8 2 >FD:4 42E2=@8 7:==65 H:E9 EC24<D 56D4C:3:?8 96C DECF88=6D 2D 2 q=24< H@>2?] p=E9@F89 :E D66>65 >@C6 @C =6DD 4@>>@? <?@H=6586 E@ 96C A66CD E92E E96 72>@FD C2AA6C H2D BF66C[ "F66? {2E:729 5:5?VE @77:4:2==J 4@>6 @FE F?E:= E96 a_a` qt% pH2C5D] (9:=6 36:?8 k2 9C67lQ9EEADi^^HHH]J@FEF36]4@>^H2E49nGl&(`>?%>s&(*U2>AjEl`DU2>Aj230492??6=lqt%}6EH@C<DQm2H2C565k^2m E96 {:76E:>6 p49:6G6>6?E pH2C5[ D96 E92?<65 96C Q=@G6[Q t3@?:[ 2?5 96C D@?[ #636=]k^Am

k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^_fs!w~0`]A?8Q 2=ElQuC2?< ~462? A6C7@C>:?8 @?DE286]Q E:E=6lQuC2?< ~462?Q DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?m':D:@?92FDRv! ^^ r@C3:D G:2 v6EEJ x>286Dk^7:842AE:@?mk^7:8FC6m

k9amuC2?< ~462?k^9am

kAmpD 9:D 563FE Qr92??6= ~C2?86Q H2D E96 k2 9C67lQ9EEADi^^HHH]3:==3@2C5]4@>^>FD:4^>FD:4\?6HD^`_\36DE\2=3F>D\@7\a_`a\4C:E:4D\A:4<D\`cg`bch^Qm36DE\C6G:6H65k^2m 2=3F> @7 a_`a[ :EVD D276 E@ D2J uC2?< ~462? H2D 56DE:?65 7@C 8C62E?6DD] %96 #U2>Ajq D:?86C :D @?6 @7 E96 >@DE 4C:E:42==J 244=2:>65 2CE:DED @7 9:D E:>6[ 56DA:E6 @?=J 92G:?8 @?6 @E96C DEF5:@ 2=3F>[ Qq=@?56[Q E@ 9:D ?2>6] x? E96 D2>6 J62C Qr92??6= ~C2?86Q H2D C6=62D65[ ~462? E@@< E@ 9:D k2 9C67lQ9EEADi^^7C2?<@462?]EF>3=C]4@>^A@DE^aecfbfhgfabQm%F>3=C 3=@8k^2m E@ C6=62D6 2 DE2E6>6?E E92?<:?8 E96 >2? 96 925 F?C6BF:E65 766=:?8D 7@C H96? 96 H2D `h] %96 >2? :D D2:5 E@ 92G6 :?DA:C65 >2?J D@?8D @? ~462?VD 7:CDE 2=3F>]k^Am

k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^_g+sxb0`]A?8Q 2=ElQ$E] ':?46?E A6C7@C>D @? DE286 5FC:?8 !:E497@C< |FD:4 u6DE:G2=]Q E:E=6lQ$E] ':?46?EQ DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?ms2?:6= q@4K2CD<: ^^ v6EEJ x>286Dk^7:842AE:@?mk^7:8FC6m

k9am$E] ':?46?Ek^9am

kAms66>65 QE96 k2 9C67lQ9EEADi^^H6342496]8@@8=6FD6C4@?E6?E]4@>^D62C49nBl42496is$\65pahz6_yi9EEADi^^=6824J]8=225]@C8^2>A^H6\DE2?\DE\G:?46?E\BF66C\C@4<DE2CU2>Aj45l`_U2>Aj9=l6?U2>Aj4El4=?<U2>Aj8=lFDQmBF66C C@4<DE2Ck^2m ,E9:D. 86?6C2E:@? 92D 366? H2:E:?8 7@CQ 3J v{pps[ $E] ':?46?EVD 7F?<\C@4< D@?8D 766= =:<6 2 3=2DE 7C@> E96 A2DE] x? 2 a_`c k2 9C67lQ9EEADi^^HHH]C@==:?8DE@?6]4@>^>FD:4^>FD:4\?6HD^E96\5C62>\H@C=5\@7\DE\G:?46?E\`_`_cc^Qm:?E6CG:6Hk^2m H:E9 #@==:?8 $E@?6[ E96 D:?86C DE2E65i Qx 36=:6G6 :? 86?56C 7=F:5:EJ 2?5 D6IF2= 7=F:5:EJ] x 5@?VE C62==J :56?E:7J 2D 2?JE9:?8]Q %96 C@4< DE2C H6?E G:C2= 7@C 2 9@>@6C@E:42==J 492C865 k2 9C67lQ9EEADi^^HHH]J@FEF36]4@>^H2E49nGlhEHa{|?IG(_U2>Aj230492??6=l$E]':?46?EQmA6C7@C>2?46k^2m @7 96C D@?8 Q|2DD65F4E:@?[Q =2J6C65 H:E9 A@A D:?86C sF2 {:A2VD Q~?6 z:DD[Q 2E E96 a_`h vC2>>J pH2C5D]k^Am

k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^_h}'wz0`]A?8Q 2=ElQq=F6D D:?86C q6DD:6 $>:E9 A@D6D 7@C 2 A@CEC2:E]Q E:E=6lQq6DD:6 $>:E9Q DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?mt5H2C5 t=492^|:4926= ~49D pC49:G6D ^^ v6EEJ x>286Dk^7:842AE:@?mk^7:8FC6m

k9amq6DD:6 $>:E9k^9am

kAmz?@H? 2D E96 t>AC6DD @7 q=F6D[ q6DD:6 $>:E9 C@D6 E@ 72>6 5FC:?8 E96 w2C=6> #6?2:DD2?46 7@C 96C DEC@?8[ =@H G@42= E@?6] {:<6 96C >6?E@C 2?5 CF>@C65 A2CE?6C |2 #2:?6J[ $>:E9 H2D F?232D965 23@FE 96C D6IF2=:EJ—D@ >F49 D@ E92E @?6 @7 96C D@?8D[ Q%96 q@J :? E96 q@2E[Q 564=2C6Di Q(96? J@F D66 EH@ H@>6? H2=<:?8 92?5 :? 92?5^ yFDE =@@< V6> @G6C 2?5 ECJ E@ F?56CDE2?5^ %96JV== 8@ E@ E9@D6 A2CE:6D^ w2G6 E96 =:89ED 5@H? =@H^ ~?=J E9@D6 A2CE:6D H96C6 H@>6? 42? 8@]Qk^Am

k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^`_hp`q0`]A?8Q 2=ElQ!62496D A6C7@C>D @?DE286 5FC:?8 76DE:G2=]Q E:E=6lQ!62496DQ DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?m!:6C |2C4@ %2442^(:C6x>286 ^^ v6EEJ x>286Dk^7:842AE:@?mk^7:8FC6m

k9am!62496Dk^9am

kAmp=E9@F89 D96 DE2CE65 96C >FD:4 42C66C :? 2 7@=< 32?5[ !62496D 3642>6 <?@H? 2D 2? 6=64EC@4=2D9 >FD:4:2?] z?@H? 7@C 5@??:?8 86?56C\36?5:?8 =@@<D @? 2?5 @77 DE286[ E96 2CE:DE 42==D EC24<D =:<6 Q#F3Q 2 Q46=63C2E:@?]Q Q$6C:@FD=J[Q k2 9C67lQ9EEADi^^AC:56D@FC46]4@>^2CE:4=6^fbbh_\a^QmD96 E@=5 !C:56$@FC46k^2m] Qx H2?E :E E@ 36 =:<6 2 A@DE\86?56C 2?5 A@DE\286 46=63C2E:@? @7 364@>:?8 H9@ J@F 2C6]Qk^Am

k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^``xq#y0`]A?8Q 2=ElQ$962 s:2>@?5 A6C7@C>D 5FC:?8 ~FE=@F5 #2:D:?8 '@:46D |FD:4 u6DE:G2=]Q E:E=6lQ$962 s:2>@?5Q DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?mr96=D62 vF8=:6=>:?@^u:=>|28:4 ^^ v6EEJ x>286Dk^7:842AE:@?mk^7:8FC6m

k9am$962 s:2>@?5k^9am

kAm(:E9 2 ?2>6 =:<6 $962 s:2>@?5[ :EVD ?@ DFCAC:D6 E96 #U2>Ajq 2CE:DE H@F=5 >:I 6=6>6?ED @7 D@F= 2?5 3=F6D :?E@ 96C H@C<] %96 D:?86C 7@F?5 96C G@:46 2D 2 D:?86C H9:=6 D96 H2D 369:?5 32CD 7@C k2 9C67lQ9EEADi^^HHH]3:==3@2C5]4@>^4F=EFC6^AC:56^D962\5:2>@?5\:?E6CG:6H\3:==3@2C5\AC:56\gce_eh_^QmC@33:?8 2 4@?G6?:6?46 DE@C6k^2m E@ A2J 7@C 96C 86?56C 4@?7:C>2E:@? DFC86CJ]k^Am

k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^`aty~z0`]A?8Q 2=ElQ{@F #665 A6C7@C>D @?DE286]Q E:E=6lQ{@F #665Q DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?m|2EE z6?E^(:C6x>286 ^^ v6EEJ x>286Dk^7:842AE:@?mk^7:8FC6m

k9am{@F #665k^9am

kAmuC@> 9:D H@C< H:E9 E96 2=E6C?2E:G6 C@4< 8C@FA '6=G6E &?56C8C@F?5 E@ 9:D 564256D=@?8 D@=@ 42C66C[ {@F #665 C6>2:?D @?6 @7 E96 >@DE :?72>@FD C@4< DE2CD] sFC:?8 E96 J62CD @7 8=2> C@4<[ #665VD @?DE286 A6CD@?2 6>3C2465 2?5C@8J?J[ =:<6 9:D 7C:6?5 s2G:5 q@H:6[ H:E9 H9@> 96 H2D CF>@C65 E@ 92G6 925 2 4=@D6 J6E k2 9C67lQ9EEADi^^72C@FE>282K:?6]4@]F<^=@F\C665\52G:5\3@H:6\7:89E\`hfh^QmEF>F=EF@FDk^2m 7C:6?5D9:A]k^Am

kAm%9@F89 #665 ?6G6C 7F==J 4@?7:C>65 9:D D6IF2=:EJ[ 56DA:E6 H:56DAC625 H9:DA6CD :? E96 >FD:4 D46?6 E92E 96 H2D BF66C[ EH@ J62CD 367@C6 9:D 562E9[ 96 k2 9C67lQ9EEADi^^HHH]E968F2C5:2?]4@>^>FD:4^a_``^?@G^_g^=@F\C665\=6DE6C\32?8D\:?E6CG:6HQmC6>2C<65k^2mi QvFJD H2=<:?8 2C@F?5 :? >2<6FA :D ;FDE 7F?] (9J D9@F=5?VE >6? 36 23=6 E@ AFE @? >2<6FA 2?5 92G6 7F? =:<6 H@>6? 92G6nQk^Am

k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^aby2?6==6a'xg0b];A8Q 2=ElQy2?6==6 |@?U224FE6j6 A6C7@C>D @?DE286]Q E:E=6lQy2?6==6 |@?26Q DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?m%@?J }@C<FD ^^ $9FEE6CDE@4<k^7:842AE:@?mk^7:8FC6m

k9amy2?6==6 |@?26k^9am

kAmz?@H? 7@C 96C DEC:<:?8 >FD:4 G:56@D 2?5 A@H6C7F= >6KK@\D@AC2?@ E@?6[ y2?6==6 |@?á6VD >FD:4 92D D@=:5:7:65 E96:C A=246 :? E96 k2 9C67lQ9EEADi^^HHH]G@I]4@>^a_`g^d^`e^`fb`gaca^;2?6==6\>@?26\D4:6?46\7:4E:@?\:?7=F6?46D\27C@7FEFC:D>Qmp7C@7FEFC:D>k^2m >@G6>6?E] (:E9 D@?8D =:<6 a_`gVD Q|2<6 |6 u66=Q 2?5 k2 9C67lQ9EEADi^^HHH]3FKK7665]4@>^>J492=E9@>AD@?^;2?6==6\>@?26\=:ADE:4<\=@G6C\C624E:@?DQmE96 G:C2= a_ab 9:E Q{:ADE:4< {@G6C[Qk^2m |@?á6 92D 364@>6 2 BF66C :4@? :? 96C @H? C:89E] x? 2 a_`g k2 9C67lQ9EEADi^^HHH]C@==:?8DE@?6]4@>^>FD:4^>FD:4\762EFC6D^;2?6==6\>@?26\7C66D\96CD6=7\eaha_c^Qm:?E6CG:6Hk^2m H:E9 #@==:?8 $E@?6[ E96 2CE:DE 5:D4FDD65 E96:C AC6G:@FD=J 4@>:?8 @FE 2D 3:D6IF2=[ D2J:?8i Q{2E6C x C625 23@FE A2?D6IF2=:EJ 2?5 H2D =:<6[ V~9[ E96D6 2C6 E9:?8D E92E x :56?E:7J H:E9 E@@]V xV> @A6? E@ =62C?:?8 >@C6 23@FE H9@ x 2>]Qk^Am

k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^`cs!f$0`]A?8Q 2=ElQr@=6 A@CE6C D:ED 2E A:2?@]Q E:E=6lQr@=6 !@CE6CQ DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?mwF=E@?\s6FED49 r@==64E:@?^r~#qx$^r@C3:D G:2 v6EEJ x>286Dk^7:842AE:@?mk^7:8FC6m

k9amr@=6 !@CE6Ck^9am

kAm(9:=6 r@=6 !@CE6C H2D >2CC:65 E@ 2 H@>2? 7@C bc J62CD[ >@DE 3:@8C2A96CD 36=:6G6 k2 9C67lQ9EEADi^^HHH]?6HJ@C<6C]4@>^>282K:?6^a_a_^_`^a_^E96\A=62DFC6\2?5\A2:?\@7\36:?8\4@=6\A@CE6CQm96 H2D 82Jk^2m] %9:D 4@>A@D6C 2?5 D@?8HC:E6C H2D <?@H? H:56=J 7@C 9:D D4@C6D[ >2?J @7 H9:49 2AA62C65 @? qC@25H2J] !@CE6CVD D@?8 QxVG6 v@E *@F &?56C |J $<:?VV—>256 72>@FD 3J uC2?< $:?2EC2—9:?ED 2E 9:D D6IF2=:EJ H:E9 =JC:4D =:<6[ QxV5 D24C:7:46 2?JE9:?8 4@>6 H92E >:89E^ u@C E96 D2<6 @7 92G:?8 J@F ?62C^ x? DA:E6 @7 2 H2C?:?8 G@:46 E92E 4@>6D :? E96 ?:89E]Qk^Am

k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^`d*)++0`]A?8Q 2=ElQ|:4926= $E:A6 2EE6?5D E96 }6H |FD6F> $AC:?8 v2=2 a_aa]Q E:E=6lQ|:4926= $E:A6Q DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?ms:2 s:A2DFA:= ^^ v6EEJ x>286Dk^7:842AE:@?mk^7:8FC6m

k9am|:4926= $E:A6k^9am

kAm|:4926= $E:A6[ 7C@?E>2? @7 E96 :?5:6\C@4< 32?5 #]t]|][ 92D 366? @A6? 23@FE 9:D D6IF2=:EJ 7@C 564256D[ 92G:?8 2AA62C65 @? E96 4@G6C @7 ~FE >282K:?6 324< :? `hhd] x? 2 a__c k2 9C67lQ9EEADi^^HHH]3FEE>282K:?6]4@>^>282K:?6^:?E6CG:6HD^>:4926=\DE:A6^Qm:?E6CG:6Hk^2m[ $E:A6 D2:5[ Qx E9:?< E96C6VD 2 =:?6 5C2H? 36EH66? 82J 2?5 BF66C[ 2?5 7@C >6[ BF66C 56D4C:36D D@>6E9:?8 E92EVD >@C6 :?4=FD:G6 @7 E96 8C2J 2C62D]k6>mQk^6>mk^Am

k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^`exzp~0`]A?8Q 2=ElQ%C24J r92A>2? A6C7@C>D @?DE286]Q E:E=6lQ%C24J r92A>2?Q DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?mqC:==^F==DE6:? 3:=5 G:2 v6EEJ x>286Dk^7:842AE:@?mk^7:8FC6m

k9am%C24J r92A>2?k^9am

kAmz?@H? H:56=J 7@C 96C A@AF=2C 7@=<\C@4< EF?6 Qu2DE r2CQ—H9:49 H@? 96C 2 vC2>>J 7@C q6DE u6>2=6 !@A '@42= !6C7@C>2?46 2?5[ :? a_ab[ 2 k2 9C67lQ9EEADi^^HHH]?AC]@C8^a_ab^``^_h^`a``gdbeah^EC24J\492>A2?\72DE\42C\4>2D\=F<6\4@>3DQm9:DE@C:4 r@F?ECJ |FD:4 pH2C5k^2m—%C24J r92A>2? C6>2:?D 2? 6=FD:G6 7:8FC6 :? >FD:4] (9:=6 D96VD ?6G6C AF3=:4=J 4@>6 @FE[ HC:E6C p=:46 (2=<6C k2 9C67lQ9EEADi^^HHH]E968F2C5:2?]4@>^3@@<D^a__e^564^`d^86?56C]H@C=5Qm4=2:>65k^2m E96 EH@ H6C6 :? 2 C6=2E:@?D9:A 2E @?6 A@:?E :? E96 `hh_D]k^Am

k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^`ff`x*0`]A?8Q 2=ElQ{2FC2 y2?6 vC246 A6C7@C>D @?DE286]Q E:E=6lQ{2FC2 y2?6 vC246Q DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?mqFC2< r:?8:^#6576C?D ^^ v6EEJ x>286Dk^7:842AE:@?mk^7:8FC6m

k9am{2FC2 y2?6 vC246k^9am

kAm{2FC2 y2?6 vC246 :D C64@8?:K65 2D E96 7@F?56C[ =625 D:?86C[ 2?5 8F:E2C:DE @7 E96 AF?< C@4< 32?5 p82:?DE |6P x? 2 a_`a k2 9C67lQ9EEADi^^HHH]C@==:?8DE@?6]4@>^>FD:4^>FD:4\?6HD^E96\D64C6E\=:76\@7\EC2?D86?56C\C@4<6C\=2FC2\;2?6\8C246\E@>\8236=\hhfgg^Qm:?E6CG:6Hk^2m H:E9 #@==:?8 $E@?6[ E96 D:?86C 42>6 @FE E@ E96 H@C=5 2D EC2?D86?56C] x? E96 D2>6 :?E6CG:6H[ H96? 2D<65 :7 D96V5 <66A A6C7@C>:?8 H:E9 E96 32?5[ vC246 ;@<65[ Qw@H6G6C 7:6C46 @FC 32?5 H2D :? E96 A2DE[ :>28:?6 >6[ D:I\7@@E\EH@[ :? 966=D[ D4C62>:?8 :?E@ D@>6@?6VD 7246]Q %9@F89 p82:?DE |6P k2 9C67lQ9EEADi^^HHH]?>6]4@>^?6HD^>FD:4^=2FC2\;2?6\8C246\:?E6CG:6H\9@=6\:?\>J\9625\282:?DE\>6\C6F?:@?\bdgcdgaQmH6?E @? 9:2EFDk^2m 27E6C E96 r~'xs\`h A2?56>:4[ vC246 4@?E:?F6D E@ k2 9C67lQ9EEADi^^HHH]C@==:?8DE@?6]4@>^>FD:4^>FD:4\762EFC6D^=2FC2\;2?6\8C246\D@=@\2=3F>\>2CC:286\282:?DE\>6\`abchd_b`f^QmC6=62D6 >FD:4k^2m 2?5 k2 9C67lQ9EEADi^^HHH]=2FC2;2?68C246]4@>^E@FCQmA6C7@C> 2C@F?5 E96 H@C=5k^2m 2D 2 D@=@ 2CE:DE] $96 >256 9625=:?6D :? |2C49 a_ad 27E6C A6C7@C>:?8 96C k2 9C67lQ9EEADi^^HHH]C@==:?8DE@?6]4@>^>FD:4^>FD:4\?6HD^=2FC2\;2?6\8C246\C:89E\324<=2D9\J@FC\8@5D\5:4<\C6DA@?D6\`abdahdbba^Qm?6H D@?8k^2m Q*@FC v@5 Wv@5VD \\\\XQ 2E 2 q6C?:6 $2?56CD C2==J E@ AC@E6DE E96 %CF>A 25>:?:DEC2E:@?VD EC62E>6?E @7 EC2?D86?56C A6@A=6]k^Am

k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^`g!}_s0`]A?8Q 2=ElQp?: s:uC2?4@ A6C7@C>D 2E $E6C? vC@G6 u6DE:G2=]Q E:E=6lQp?: s:uC2?4@Q DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?m$E6G6 y6??:?8D ^^ v6EEJ x>286Dk^7:842AE:@?mk^7:8FC6m

k9amp?: s:uC2?4@k^9am

kAm(:E9 a_ DEF5:@ 2=3F>D D:?46 `hh_[ p?: s:uC2?4@ C6>2:?D @?6 @7 E96 >@DE 46=63C2E65 7@=<\C@4< D:?86C\D@?8HC:E6CD 6G6C] $96 42>6 @FE 2D 3:D6IF2= 2E E96 368:??:?8 @7 96C 42C66C[ 3FE s:uC2?4@ 92D DECF88=65 H:E9 96C A=246 :? E96 {vq%"Z 4@>>F?:EJ] x? 2 a_`h k2 9C67lQ9EEADi^^;6K636=]4@>^2?:\5:7C2?4@\:D\E:C65\@7\E2=<:?8\23@FE\96CD6=7\D@\96C6\`gbcada_aaQm:?E6CG:6Hk^2m H:E9 y6K636=[ E96 2CE:DE DA@<6 23@FE E96:C D6IF2=:EJ[ :56?E:7J:?8 2D BF66C] Qx =:<6 VBF66C[VQ s:uC2?4@ D2:5] QVq:D6IF2=V 2=H2JD D@F?565 G6CJ >65:42=[ =:<6 D@>6E9:?8 J@F 5@ E@ 2 7C@8 :? hE9 8C256 D4:6?46 @C D@>6E9:?8]Qk^Am

k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^ba{:=}2DIgr"a0a]A?8Q 2=ElQ{:= }2D ) 2EE6?5D E96 ea?5 p??F2= v#p||* pH2C5D[Q E:E=6lQ{:= }2D )Q DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?mpI6==6^q2F6C\vC:77:?^u:=>|28:4 ^^ v6EEJ x>286Dk^7:842AE:@?mk^7:8FC6m

k9am{:= }2D )k^9am

kAmpE E96 A62< @7 9:D 72>6 27E6C E96 G:C2= C6=62D6 @7 9:D a_`g 4@F?ECJ\C2A 9:E Q~=5 %@H? #@25[Q {:= }2D ) AF3=:4=J 42>6 @FE G:2 k2 9C67lQ9EEADi^^EH:EE6C]4@>^{:=}2D)^DE2EFD^``cdcagg`ac_c_egbdaQm%H:EE6Ck^2m :? a_`h[ 3FE 5:5?VE DA64:7J 9:D :56?E:EJ] w6 E96? k2 9C67lQ9EEADi^^HHH]@FE]4@>^46=63D^=:=\?2D\I\2EEC24E:@?\H@>6?\EH:EE6C\A@DERC636==E:E6>bQm42>6 @FE 2D 3:D6IF2= :? a_abk^2m] {:= }2D ) 92D D:?46 C6=62D65 >F=E:A=6 F?232D965=J BF66C D@?8D 2?5 k2 9C67lQ9EEADi^^HHH]J@FEF36]4@>^H2E49nGlc3>7wFKyB|pQm>FD:4 G:56@Dk^2m E92E 92G6 82:?65 9:> 86?C6\DA2??:?8 DF446DD[ :?4=F5:?8 q:==3@2C5 492CE\E@AA6CD =:<6 Q|@?E6C@ Wr2== |6 3J *@FC }2>6XQ 2?5 Qx?5FDECJ q23J]Qk^Am

k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^a_r{)r0`]A?8Q 2=ElQy2?:D y@A=:? A6C7@C>D 2E E96 u6DE:G2= 7@C !6246 2E $962 $E25:F>]Q E:E=6lQy2?:D y@A=:?Q DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?mq6EE>2?? ^^ v6EEJ x>286Dk^7:842AE:@?mk^7:8FC6m

k9amy2?:D y@A=:?k^9am

kAm~?6 @7 E96 >2?J >FD:4:2?D 7C@> E96 `he_D H9@ :?7FD65 D@F= H:E9 C@4<[ y2?:D y@A=:? C6>2:?D 496C:D965 564256D =2E6C] x? `heb[ E96 D:?86C H2D :? 2 k2 9C67lQ9EEADi^^D=2E6]4@>^4F=EFC6^a_`d^`a^;2?:D\=:EE=6\8:C=\3=F6\H96C6\2C6\;@A=:?D\=6D3:2?\C6=2E:@?D9:AD]9E>=QmC6=2E:@?D9:Ak^2m H:E9 2 H@>2? ?2>65 y26 (9:E2<6C[ H9@> D96 >6E 2E 2 82J 32C] %96 EH@ =:G65 E@86E96C F?E:= (9:E2<6C 3C@<6 :E @77 5F6 E@ y@A=:?VD 5CF8 FD6 2?5 :?7:56=:EJ]k^Am

k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^a`s'_+0`]A?8Q 2=ElQuC655:6 |6C4FCJ 2?5 "F66? A6C7@C>:?8 =:G6 @? E286]Q E:E=6lQuC655:6 |6C4FCJQ DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?mu:? r@DE6==@^#6576C?D ^^ v6EEJ x>286Dk^7:842AE:@?mk^7:8FC6m

k9amuC655:6 |6C4FCJk^9am

kAmz?@H? 7@C 9:D C@2C:?8[ 2?5 2E E:>6D @A6C2E:4[ G@:46[ uC655:6 |6C4FCJ H2D E96 =625 D:?86C @7 E96 C@4< 32?5 "F66?] %9@F89 D@>6 4=2:> |6C4FCJ 9:5 9:D D6IF2= @C:6?E2E:@? 7C@> E96 AF3=:4[ @E96CD D2J 96 H2D @A6?=J 82J @C 3:D6IF2= @? E96 >FD:4 D46?6] ~?6 @7 9:D =@?86DE C6=2E:@?D9:AD H2D H:E9 y:> wFEE@?[ H9@> E96 D:?86C H2D D2:5 E@ 92G6 42==65 9:D Q9FD32?5]Q %96J H6C6 C6A@CE65=J E@86E96C 7@C k2 9C67lQ9EEADi^^HHH]G2?:EJ72:C]4@>^9@==JH@@5^a_`g^``^7C655:6\>6C4FCJ\ECF6\DE@CJ\C6=2E:@?D9:AD\>2CJ\2FDE:?\;:>\9FEE@?QmD6G6? J62CDk^2m[ F?E:= |6C4FCJVD 562E9]k^Am

k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^aa~a#v0`]A?8Q 2=ElQr2CC:6 qC@H?DE6:? A6C7@C>D @?DE286 2E 76DE:G2=]Q E:E=6lQr2CC:6 qC@H?DE6:?Q DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?ms2?:6= q@4K2CD<: ^^ v6EEJ x>286Dk^7:842AE:@?mk^7:8FC6m

k9amr2CC:6 qC@H?DE6:?k^9am

kAmr2CC:6 qC@H?DE6:? :D 36DE <?@H? 7@C 96C H@C< 2D 2 8F:E2C:DE 2?5 G@42=:DE 7@C E96 C:@E 8CCC= 8C@FA $=62E6C\z:??6J] s6DA:E6 36:?8 @FE65 2D 3:D6IF2= 3J $A:? >282K:?6 62C=J :? 96C 42C66C[ E96 2CE:DE 92D D:?46 364@>6 2? @A6? 3@@< @? E96 DF3;64E] Q~?=J 3642FD6 :E D66>D D@ 4F=EFC2==J :>A@CE2?E E@ 36 23=6 E@ D2J H9@ J@F 2C6i x 567:?:E6=J :56?E:7J 2D 3:D6IF2=[Q qC@H?DE6:? k2 9C67lQ9EEADi^^H63]2C49:G6]@C8^H63^a_`_`a`_`dbga_^9EEAi^^HH66<]4@>^65:E@C:2=^beda^`cf_fQmE@=5k^2m (:==2>6EE6 (66<]k^Am

k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^ab"hh"0`]A?8Q 2=ElQ<]5] =2?8 A6C7@C>D @?DE286]Q E:E=6lQ<5 =2?8Q DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?m#@3:? {:EE=6^#6576C?D ^^ v6EEJ x>286Dk^7:842AE:@?mk^7:8FC6m

k9am<5 =2?8k^9am

kAmz?@H? 7@C 96C DEJ=:K65 DE286 ?2>6[ <]5] =2?8 :D 2 r2?25:2? A@A 2?5 4@F?ECJ D:?86C\D@?8HC:E6C] $96 42>6 @FE 2D 82J 5FC:?8 2? :?E6CG:6H H:E9 %96 p5G@42E6 k2 9C67lQ9EEADi^^HHH]25G@42E6]4@>^>FD:4^a_`h^f^`a^<5\=2?8\D2JD\4@>:?8\@FE\56?:65\96C\492?46\C6>2:?\>JDE6C:@FDQm:? `hhak^2m H9:=6 AC@>@E:?8 E96 2=3F> Qx?8é?F6Qj E96 D@?8 Qr@?DE2?E rC2G:?8[Q 7C@> E96 D2>6 2=3F>[ 92D 364@>6 2 BF66C 2?E96>]k^Am

k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^ac!`w_0`]A?8Q 2=ElQt=E@? y@9? A6C7@C>D 5FC:?8 E96 u2C6H6== *6==@H qC:4< #@25 %@FC]Q E:E=6lQt=E@? y@9?Q DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?mtC:<2 v@=5C:?8 ^^ v6EEJ x>286Dk^7:842AE:@?mk^7:8FC6m

k9amt=E@? y@9?k^9am

kAm(:E9 9:D =2C86C\E92?\=:76 @?DE286 A6CD@?2 2?5 6>@E:@?2= A@A 32==25D[ t=E@? y@9?VD >FD:4 2?5 :>286 92G6 H:E9DE@@5 E96 E6DE @7 E:>6] %9@F89 96 E@=5 #@==:?8 $E@?6 :? 2 `hfe k2 9C67lQ9EEADi^^H63]2C49:G6]@C8^H63^a__f_e```c_e__^9EEAi^^HHH]C@==:?8DE@?6]4@>^2CE:DED^52G:53@H:6^2CE:4=6D^DE@CJ^gf`ggdg^6=E@?0;@9?0:ED0=@?6=J02E0E960E@AQm:?E6CG:6Hk^2m E92E 96 H2D 3:D6IF2=[ EH@ 564256D =2E6C[ y@9? E@=5 E96 >282K:?6 96 H2D 82J 2?5 92D D:?46 366? AC@F5 @7 E92E =236=]k^Am

k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^ad"z`z0`]A?8Q 2=ElQ#:4<J |2CE:? A6C7@C>D 2E E96 a_a_ {2E:? v#p||* pH2C5D]Q E:E=6lQ#:4<J |2CE:?Q DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?mp=6I2?56C %2>2C8@ ^^ v6EEJ x>286D 7@C %96 {2E:? #64@C5:?8 p4256>Jk^7:842AE:@?mk^7:8FC6m

k9am#:4<J |2CE:?k^9am

kAm#:4<J |2CE:?VD 5:D4@8C2A9J :D <?@H? 7@C 36:?8 D:8?:7:42?E=J 3C@25[ H:E9 86?C6D DA2??:?8 {2E:? A@A 2?5 C68826E@?] p7E6C J62CD @7 :8?@C:?8 BF6DE:@?D 23@FE 9:D D6IF2=:EJ[ |2CE:? 6G6?EF2==J 42>6 @FE :? a_`_ G:2 9:D H63D:E6] x? k2 9C67lQ9EEADi^^G2C:6EJ]4@>^a_a_^>FD:4^?6HD^C:4<J\>2CE:?\82J\4@>F?8\@FE\`abcf_cgbf^Qma_a_k^2m[ E96 D:?86C DA@<6 @7 E96 C6=:67 96 76=E 2E E96 E:>6 2?5 9@H 96VD Q366? DFA6C 92AAJ 6G6C D:?46]Qk^Am

k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^aec~$}0`]A?8Q 2=ElQqC2?5: r2C=:=6 A6C7@C>D @?DE286]Q E:E=6lQqC2?5: r2C=:=6Q DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?my2D@? z6>A:? ^^ v6EEJ x>286Dk^7:842AE:@?mk^7:8FC6m

k9amqC2?5: r2C=:=6k^9am

kAm!6C92AD @?6 @7 E96 >@DE 6IA2?D:G6 >FD:4 42C66CD 8@6D E@ qC2?5: r2C=:=6[ H9@D6 H@C< 42? 36 56D4C:365 2D 2?JE9:?8 7C@> 7@=< E@ 2=E6C?2E:G6 4@F?ECJ] %96 D:?86C\D@?8HC:E6C 42>6 @FE 2D 82J 2E `d k2 9C67lQ9EEADi^^HHH]FD2E@52J]4@>^DE@CJ^6?E6CE2:?>6?E^3@@<D^a_a`^_c^_a^3C2?5:\42C=:=6\:?E6CG:6H\3C@<6?\9@CD6D\>6>@:C^cgagaba__`^Qm27E6C H2E49:?8k^2m t==6? s6v6?6C6D 4@>6 @FE @? 96C D:E4@> Qt==6?Q :? `hhf] r2C=:=6 92D @7E6? C676C6?465 96C D6IF2=:EJ :? 96C >FD:4[ :?4=F5:?8 @? k2 9C67lQ9EEADi^^HHH]9@==JH@@5C6A@CE6C]4@>^?6HD^>FD:4\?6HD^6=E@?\;@9?\3C2?5:\42C=:=6\H9@\36=:6G6D\:?\2?86=D\2=3F>\8:8\`abe`faaec^Qm96C =2E6DE 2=3F>k^2m[ Q(9@ q6=:6G6D :? p?86=DnQ[ 2 4@==23@C2E:@? H:E9 t=E@? y@9? E92E 42>6 @FE :? pAC:= a_ad]k^Am

k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^a_ad\_e^;2?:D\:2?\C]\5:2>@?586EEJ\:>286D];A8Q 2=ElQy2?:D x2? 2446AED E96 {:76E:>6 p49:6G6>6?E pH2C5 2E E96 a_ab u@=< |FD:4 r@?76C6?46]Q E:E=6lQy2?:D x2?Q DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?m#] s:2>@?5^v6EEJ x>286Dk^7:842AE:@?mk^7:8FC6m

k9amy2?:D x2?k^9am

kAmx7 J@F 8C6H FA :? E96 Vf_D[ E96C6VD ?@ H2J J@F 5@?VE C6>6>36C y2?:D x2?VD 4=2DD:4 QpE $6G6?E66?]Q xE DA6?E k2 9C67lQ9EEADi^^HHH]3:==3@2C5]4@>^2CE:DE^;2?:D\:2?^492CE\9:DE@CJ^9D:^Qma_ H66<D @? E96 q:==3@2C5 492CEDk^2m[ E@AA:?8 @FE 2E Rb[ 2?5 92D D:?46 366? FD65 :? 2 G2C:6EJ @7 D9@HD 2?5 >@G:6D] x2? 4@?E:?F65 E@ C6=62D6 >FD:4 E9C@F89 E96 564256D[ 2?5 D9@CE=J 27E6C 96C 2=3F> QqC62<:?8 $:=6?46Q 42>6 @FE :? `hha[ k2 9C67lQ9EEADi^^H63]2C49:G6]@C8^H63^a__d``_c`bdc`c^9EEAi^^HHH]BF66C4F=EFC2=46?E6C]@C8^!286D^z669?6?^x2?]9E>=QmD@ 5:5 D96k^2m] x? 2 k2 9C67lQ9EEADi^^HHH]25G@42E6]4@>^AC:?E\:DDF6^4FCC6?E\:DDF6^a_`a^_g^ab^4@>:?8\@FE\AC:?EQm`hhd :?E6CG:6H H:E9 %96 p5G@42E6k^2m[ x2? 6IA=2:?65 E92E D96 925 366? @FE65 3J E96 ':==286 '@:46 :? `hfe[ 3FE H2?E65 E@ E2=< 23@FE 96C =6D3:2? :56?E:EJ @? 96C @H? E6C>D]k^Am

k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^a_ad\_e^492AA6==\C@2?\E2J=@C\9:==86EEJ\:>286D];A8Q 2=ElQr92AA6== #@2? 2E E96 a_ad |6E v2=2]Q E:E=6lQr92AA6== #@2?Q DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?m%2J=@C w:== ^^ v6EEJ x>286Dk^7:842AE:@?mk^7:8FC6m

k9amr92AA6== #@2?k^9am

kAmu6H 2CE:DED 92G6 6IA=@565 2D BF:4<=J 2D r92AA6== #@2? 92D] x? a_ac[ 96C D@?8 Qv@@5 {F4<[ q236PQ 3642>6 k2 9C67lQ9EEADi^^HHH]3:==3@2C5]4@>^2CE:DE^492AA6==\C@2?^Qm96C 7:CDE q:==3@2C5 9:Ek^2m[ 5C2H:?8 ?6H 2EE6?E:@? E@ 96C D=6AE\@? a_ab 2=3F> Q%96 #:D6 2?5 u2== @7 E96 |:5H6DE !C:?46DDQ 2?5 6G6?EF2==J 96=A:?8 96C 62C? 2 a_ad vC2>>J pH2C5 7@C k2 9C67lQ9EEADi^^HHH]9@==JH@@5C6A@CE6C]4@>^?6HD^>FD:4\?6HD^a_ad\8C2>>JD\492AA6==\C@2?\36DE\?6H\2CE:DE\DA6649\`abe`adccc^Qmq6DE }6H pCE:DEk^2m] #@2? @77:4:2==J k2 9C67lQ9EEADi^^HHH]C@==:?8DE@?6]4@>^>FD:4^>FD:4\762EFC6D^492AA6==\C@2?\8@@5\=F4<\3236\72>6\72?D\`abd_hcb`c^Qm42>6 @FE 2D 2 =6D3:2?k^2m :? 2 a_ac :?E6CG:6H H:E9 #@==:?8 $E@?6[ 3FE D96 925?VE 366? 2== E92E BF:6E 23@FE 96C {vq%"Z :56?E:EJ 367@C6 E96?] uC@> E96 368:??:?8[ D96VD DA@<6? @FE 23@FE 9@H k2 9C67lQ9EEADi^^A6@A=6]4@>^492AA6==\C@2?\?6H\2=3F>\C:D6\72==\>:5H6DE\AC:?46DD\6I4=FD:G6\fhfceggQm5C28 BF66?D 92G6 925 2 >2DD:G6 :?7=F6?46k^2m @? 96C >FD:4 2?5 96C DE286 A6CD@?2]k^Am

k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^a_ad\_e^DJ=G6DE6C\2<2\DJ=G6DE6C\;2>6D\6C:4\3=F>>:4926=\@49D\2C49:G6D86EEJ\:>286D];A8Q 2=ElQ$J=G6DE6C A@D:?8 7@C 2 A@CEC2:E]Q E:E=6lQ$J=G6DE6CQ DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?mtC:4 q=F>^|:4926= ~49D pC49:G6D ^^ v6EEJ x>286Dk^7:842AE:@?mk^7:8FC6m

k9am$J=G6DE6Ck^9am

kAmx? 9:D E@@\3C:67 =:76[ D:?86C\D@?8HC:E6C $J=G6DE6C >256 BF:E6 E96 >2C< 2D E96 k2 9C67lQ9EEADi^^HHH]A95>4]@C8^:?\@FC\@H?\H@C5D^3=24<\9:DE@CJ\>@?E9\DA@E=:89E\DJ=G6DE6C[\E96\BF66?\@7\5:D4@Qm"F66? @7 s:D4@k^2m] tG6? :7 J@F 5@?VE <?@H E96 ?2>6[ J@FV5 DFC6=J C64@8?:K6 9:D 3:886DE 9:E[ Q*@F |2<6 |6 u66= W|:89EJ #62=X[Q H9:49 q:==3@2C5 92D 42==65 @?6 @7 E96 k2 9C67lQ9EEADi^^HHH]3:==3@2C5]4@>^=:DED^36DE\A@A\D@?8D\2==\E:>6\9:ED^DJ=G6DE6C\J@F\>2<6\>6\766=\>:89EJ\C62=^Qm8C62E6DE A@A D@?8D @7 2== E:>6k^2m] $J=G6DE6CVD :?\J@FC\7246 D6IF2=:EJ 2?5 2?5C@8J?J >256 :E 92C5 7@C 9:> E@ 3C62< E9C@F89 :? E96 Vf_D] pD AF3=:4:DE $92C@? s2G:D k2 9C67lQ9EEADi^^HHH]3:==3@2C5]4@>^4F=EFC6^AC:56^DJ=G6DE6C\5:D4@\BF66?\>:89EJ\C62=\7C:6?5D\`abdbccdgh^QmE@=5 q:==3@2C5 :? a_abk^2m[ Q%96 &]z] ;FDE H2D ?@E C625J 7@C E9:D EJA6 @7 @A6?\>:?565 2CE:DE] p?5 :E H2D 76=E E92E 9:D 42C66C 4@F=5 36 5625 :? E96 H2E6C :7 96 AC@>@E65 9:D 82J?6DD[ 56DA:E6 92G:?8 2? :?E6C?2E:@?2= 52?46 9:E F?56C 9:D 36=E]Q $:?46 E96?[ 9@H6G6C[ $J=G6DE6C 92D 366? AC2:D65 2D 2 A:@?66C[ 2?5 9:D >FD:4 4@?E:?F6D E@ =:G6 @?]k^Am

k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^a_ad\_e^=6D=6J\8@C6\>:4926=\@49D\2C49:G6D86EEJ\:>286D];A8Q 2=ElQ{6D=6J v@C6 A6C7@C>:?8 2 D@?8]Q E:E=6lQ{6D=6J v@C6Q DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?m|:4926= ~49D pC49:G6D ^^ v6EEJ x>286Dk^7:842AE:@?mk^7:8FC6m

k9am{6D=6J v@C6k^9am

kAm{6D=6J v@C6VD D@?8D Q*@F s@?VE ~H? |6Q 2?5 QxEVD |J !2CEJQ H6C6 Ve_D DE2A=6D[ 3FE 6G6? >2?J @7 96C 72?D >2J ?@E C62=:K6 E92E D96 H2D 2 =6D3:2?] x? 2 a__d :?E6CG:6H H:E9 p7E6Ct==6?[ v@C6 C6G62=65 E92E D96 k2 9C67lQ9EEADi^^27E6C6==6?]4@>^:?E6CG:6H\H:E9\=6D=6J\8@C6^Qm?6G6C 76=E D96 925 E@ 4@>6 @FEk^2m 3642FD6 D96 H2D =:G:?8 96C =:76 :? E96 @A6?] (9:=6 D96 @?46 42==65 E96 >FD:4 :?5FDECJ Qk2 9C67lQ9EEADi^^HHH]?J52:=J?6HD]4@>^a_`d^_a^`e^=6D=6J\8@C6\H9@\D2?8\:ED\>J\A2CEJ\5625\2E\eg^QmE@E2==J 9@>@A9@3:4k^2m[Q D96 2=D@ D2:5[ Qx ;FDE <:?5 @7 =:G65 >J =:76 ?2EFC2==J 2?5 5:5 H92E x H2?E65 E@ 5@]Qk^Am

k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^a_ad\_e^C6?66\C2AA\C:49\A@=<A6?D<6\>65:2\G:2\86EEJ\:>286D];A8Q 2=ElQ#6?6U624FE6j #2AA A6C7@C>:?8 @?DE286]Q E:E=6lQ#6?6U624FE6j #2AAQ DEJ=6lQH:5E9i `__TjQ ^mk7:842AE:@?m#:49 !@=<^!6?D<6 |65:2 ^^ v6EEJ x>286Dk^7:842AE:@?mk^7:8FC6m

k9am#6?6é #2AAk^9am

kAm~?6 @7 E96 ECF6 C:D:?8 DE2CD @? @FC =:DE[ #6?6é #2AA 7:CDE 7@F?5 72?D H96? D96 DE2CC65 2D #68:?2 v6@C86 :? E96 >FD:42= Q|62? v:C=DQ @? qC@25H2J 2?5 :? E96 a_ac >@G:6 252AE2E:@?] qFE H9:=6 24E:?8 :? E96 |2I D6C:6D Q%96 $6I {:G6D @7 r@==686 v:C=D[Q #2AA 2=D@ DE2CE65 C6=62D:?8 >FD:4[ H:E9 96C H6==\C646:G65 563FE 2=3F> Qk2 9C67lQ9EEADi^^HHH]C@==:?8DE@?6]4@>^>FD:4^>FD:4\2=3F>\C6G:6HD^C6?66\C2AA\D?@H\2?86=\C6G:6H\`abcg_ecbg^Qm$?@H p?86=k^2mQ 5C@AA:?8 :? a_ab] (9:=6 D96 :56?E:7:65 2D 3:D6IF2= :? a_aa[ D96 k2 9C67lQ9EEADi^^HHH]2FE@DEC255=6]4@>^C6?66\C2AA\=6D3:2?^Qm42>6 @FE 2D 2 =6D3:2?k^2m :? 2 a_ac :?E6CG:6H H:E9 p?5J r@96? 2?5 92D 366? @FE 2?5 AC@F5 D:?46]k^Am