Important Announcement
PubHTML5 Scheduled Server Maintenance on (GMT) Sunday, June 26th, 2:00 am - 8:00 am.
PubHTML5 site will be inoperative during the times indicated!

Home Explore soma_ges_feb_16_ohne_tajf

soma_ges_feb_16_ohne_tajf

Published by walter, 2016-06-13 03:58:33

Description: soma_ges_feb_16_ohne_tajf

Search

Read the Text Version

3DOPV)RUVWDQKlQJHU  3DOPV)RUVWDQKlQJHU +'*UXQGDEPD‰H $OOH$QJDEHQDXVVWDWWXQJVEHGLQJWDEZHLFKHQGXQG YRUEHKDOWOLFKWHFKQLVFKHUbQGHUXQJHQ

3DOPV)RUVWDQKlQJHU 3DOPV)RUVWDQKlQJHU +' 'LH3$/06+'+'+'XQG+')RUVWDQKlQJHUVLQGPLWPDVVLYHQ'RSSHOURKUUDKPHQDXVWRUVLRQVVWHLIHP 6WDKOSURILODXVJHVWDWWHWXQGIUGHQVFKZHUHQSURIHVVLRQHOOHQ(LQVDW]JHEDXW8PHLQHRSWLPDOH6SXUIKUXQJE]Z :HQGLJNHLW ]X JDUDQWLHUHQ LVW GLH K\GUDXOLVFKH 6FKZHQNGHLFKVHO PLW  VWDUNHQ =\OLQGHUQ DXVJHVWDWWHW   'LHVH$QKlQJHU]HLFKQHQVLFKVSH]LHOOGXUFKHLQHQWLHIHQ6FKZHUSXQNWDXVXQGHUODXEHQGLH0RQWDJHYRQVFKZHUHQ .UDQPRGHOOHQ02'(// 620$+'7UDJNUDIW NJ5DKPHQ PP [[/DGHTXHUVFKQLWW Pð UREXVWHUYHUZLQGXQJVVWHLIHU VWDUNH6FKZHQNGHLFKVHO PP 'RSSHOUDKPHQ ]\OLQGHU/lQJHGHU/DGHIOlFKH *HVDPWOlQJH*HVDPWEUHLWH PP HLQNODSSEDUH%HOHXFKWXQJ 2SWLRQDO6WHKSRGHVWPLW 6WHXHUEORFNKDOWHUXQJ%HUHLIXQJ =\OLQGHUIU6FKZHQNGHLFKVHO :LQNHOGHU6FKZHQNGHLFKVHOƒ ƒ*HZLFKW NJ:'5DGQDEHQDQWULHE RSWLRQDO+\GUDXOLVFKH%UHPVH5lGHU VHULH0D[+XEPRPHQW/DGHNUDQEUXWWR N1P$Q]DKOGHU5XQJHQSDDUH6HULH /LFKWDQODJH VHULH'UXFNOXIWEUHPVDQODJH RSWLRQDO$QJDEHQEH]LHKHQVLFKDXIGLHgVWHUUHLFK6WDQGDUGDXVVWDWWXQJ

3DOPV)RUVWDQKlQJHU  3DOPV)RUVWDQKlQJHU +'*UXQGDEPD‰H $OOH$QJDEHQDXVVWDWWXQJVEHGLQJWDEZHLFKHQGXQG YRUEHKDOWOLFKWHFKQLVFKHUbQGHUXQJHQ

3DOPV)RUVWDQKlQJHU 3DOPV)RUVWDQKlQJHU +' 'HU3DOPV+')RUVWDQKlQJHUPLWVHLQHPJLJDQWLVFKHQ4XHUVFKQLWWYRQVDWWHQPðZLUGDXFKGHQJU|‰WHQ $XIJDEHQJHUHFKW$XVJHVWDWWHWPLWGHPRSWLRQDOHQ5DGQDEHQDQWULHEXQGGHP3DOPV.)RUVWNUDQHUJLEWVLFKHLQ DEVROXWOHLVWXQJVIlKLJHV*HVSDQQIUGHQ3URILLQ:DOGXQG)RUVW:HQQPD[LPDOH5HQWDELOLWlWXQG4XDOLWlWEHL K|FKVWHU/HLVWXQJLKUH=LHOHVLQG]|JHUQVLHQLFKWOlQJHU'LHVLVWLKU$QKlQJHU02'(// 620$+'7UDJNUDIW NJ5DKPHQ PP [[/DGHTXHUVFKQLWW Pð UREXVWHUYHUZLQGXQJVVWHLIHU VWDUNH.QLFNGHLFKVHO PP 'RSSHOUDKPHQ ]\OLQGHU/lQJHGHU/DGHIOlFKH *HVDPWOlQJH*HVDPWEUHLWH PP HLQNODSSEDUH%HOHXFKWXQJ 2SWLRQDO(LJHQ|OYHUVRUJXQJPLW VWDUNHU*XVVSXPSH%HUHLIXQJ =\OLQGHUIU6FKZHQNGHLFKVHO :LQNHOGHU6FKZHQNGHLFKVHOƒ ƒ*HZLFKW NJ:'5DGQDEHQDQWULHE RSWLRQDO+\GUDXOLVFKH%UHPVH5lGHU VHULH0D[+XEPRPHQW/DGHNUDQEUXWWR N1P$Q]DKOGHU5XQJHQSDDUH6HULH /LFKWDQODJH VHULH'UXFNOXIWEUHPVDQODJH RSWLRQDO$QJDEHQEH]LHKHQVLFKDXIGLHgVWHUUHLFK6WDQGDUGDXVVWDWWXQJ

3DOPV)RUVWDQKlQJHU  3DOPV)RUVWDQKlQJHU +'*UXQGDEPD‰H $OOH$QJDEHQDXVVWDWWXQJVEHGLQJWDEZHLFKHQGXQG YRUEHKDOWOLFKWHFKQLVFKHUbQGHUXQJHQ

3DOPV)RUVWDQKlQJHU 3DOPV)RUVWNUDQ . 'LH3$/06.UDQVHULHLVWVSH]LHOOIUGHQ(LQVDW]LQGHU/DQGX)RUVWZLUWVFKDIWHQWZLFNHOWZRUGHQXQG]HLFKQHW VLFKGXUFKHLQHEHVRQGHUVH[DNWHXQGVRUJIlOWLJH9HUDUEHLWXQJDXV(LQHYLHOVHLWLJH9HUZHQGXQJGHU.UlQH ZHOFKHDQJHIODQVFKWRGHUDOV3XQNW$QEDX DE. DP7UDNWRUPRQWLHUWZHUGHQN|QQHQLVWJDUDQWLHUW $OOH.UlQHYHUIJHQEHUHLQHQJUR‰HQ$NWLRQVUDGLXVXQGVLQGHLQIDFK]XEHGLHQHQ'LH+XENUDIWLVWEHUGLH JHVDPWH+XEK|KHJOHLFKPl‰LJYHUWHLOW'HU.LVWGHUNOHLQVWH.UDQDXVGHP3DOPV3URJUDPP|NRQRPLVFK XQGNUDIWYROO,GHDOLQ.RPELQDWLRQPLWGHP)RUVWDQKlQJHU+6 6R PD /DQGX)RUVWWHFKQLN 6,(*(/02'(// 620$.PD[5HLFKZHLWHLQNO*UHLIHU P+XEPRPHQWEUXWWR N1P+XENUDIWEHLPLQNO*UHLIHU NJ6FKZHQNPRPHQWQHWWR N1P6FKZHQNEHUHLFK*UDG ƒ 'DVVWDELOH*X‰JHWULHEH VRUJWIUDXVUHLFKHQG6FKZHQNPRPHQW$Q]DKOGHU6FKZHQN]\OLQGHU  VHULH.UHX]KHEHOVWHXHUXQJ6FKZHQNJHWULHEH ,QgOEDG*UHLIHUPgIIQXQJVZHLWH6HULH PðFP5RWDWRU .13XPSHQOHLVWXQJPLQ%HWULHEVGUXFN OEDU$EVWW]XQJ6HULH IODSGRZQ6LFKHUKHLWVYHQWLOIU$EVWW]XQJ VHULH3XQNW$QEDXIUGHQ7UDNWRU 9HUELQGXQJ]XP+lQJHU JHVFKUDXEW JXWGLPHQVLRQLHUWHKRKH.UDQVlXOH VHULHQPl‰LJ.1 PLWVWDUNHP+DXSWKXE]\OLQGHU 5RWDWRU*HZLFKW NJ6WHXHUXQJ6HULH .UHX]KHEHO

3DOPV)RUVWDQKlQJHU  3DOPV)RUVWNUDQ .7HFKQLVFKH'DWHQ NJ $OOH$QJDEHQDXVVWDWWXQJVEHGLQJWDEZHLFKHQGXQG YRUEHKDOWOLFKWHFKQLVFKHUbQGHUXQJHQ

3DOPV)RUVWDQKlQJHU 3DOPV)RUVWNUDQ . 'LH3$/06.UDQVHULHLVWVSH]LHOOIUGHQ(LQVDW]LQGHU/DQGX)RUVWZLUWVFKDIWHQWZLFNHOWZRUGHQXQG]HLFKQHW VLFKGXUFKHLQHEHVRQGHUVH[DNWHXQGVRUJIlOWLJH9HUDUEHLWXQJDXV(LQHYLHOVHLWLJH9HUZHQGXQJGHU.UlQH ZHOFKHDQJHIODQVFKWRGHUDOV3XQNW$QEDX DE. DP7UDNWRUPRQWLHUWZHUGHQN|QQHQLVWJDUDQWLHUW $OOH.UlQHYHUIJHQEHUHLQHQJUR‰HQ$NWLRQVUDGLXVXQGVLQGHLQIDFK]XEHGLHQHQ'LH+XENUDIWLVWEHUGLH JHVDPWH+XEK|KHJOHLFKPl‰LJYHUWHLOW'HU.XQWHUVFKHLGHWVLFKYRP.GXUFKVHLQ7HOHVNRSXQGHLQ HWZDVK|KHUHV6FKZHQNPRPHQW,GHDOLQ.RPELQDWLRQPLWGHP)RUVWDQKlQJHU+6 6R PD /DQGX)RUVWWHFKQLN 6,(*(/02'(// 620$.PD[5HLFKZHLWHLQNO*UHLIHU P+XEPRPHQWEUXWWR N1P+XENUDIWEHLPLQNO*UHLIHU NJ6FKZHQNPRPHQWQHWWR N1P6FKZHQNEHUHLFK*UDG ƒ 6HULH+HEHO(OHNWURVWHXHUXQJ 'DVVWDELOH*X‰JHWULHEH$Q]DKOGHU6FKZHQN]\OLQGHU  VRUJWIUDXVUHLFKHQG6FKZHQNPRPHQW6FKZHQNJHWULHEH ,QgOEDG*UHLIHUPgIIQXQJVZHLWH6HULH PðFP5RWDWRU .13XPSHQOHLVWXQJPLQ%HWULHEVGUXFN OEDU$EVWW]XQJ6HULH IODSGRZQ6LFKHUKHLWVYHQWLOIU$EVWW]XQJ VHULH3XQNW$QEDXIUGHQ7UDNWRU 9HUELQGXQJ]XP+lQJHU JHVFKUDXEW JXWGLPHQVLRQLHUWHKRKH.UDQVlXOH VHULHQPl‰LJ.1 PLWVWDUNHP+DXSWKXE]\OLQGHU 5RWDWRU*HZLFKW NJ6WHXHUXQJ6HULH +HEHOHOHNWUR

3DOPV)RUVWDQKlQJHU  3DOPV)RUVWNUDQ .7HFKQLVFKH'DWHQ NJ $OOH$QJDEHQDXVVWDWWXQJVEHGLQJWDEZHLFKHQGXQG YRUEHKDOWOLFKWHFKQLVFKHUbQGHUXQJHQ

3DOPV)RUVWDQKlQJHU 3DOPV)RUVWNUDQ . 'LH3$/06.UDQVHULHLVWVSH]LHOOIUGHQ(LQVDW]LQGHU/DQGX)RUVWZLUWVFKDIWHQWZLFNHOWZRUGHQXQG]HLFKQHW VLFKGXUFKHLQHEHVRQGHUVH[DNWHXQGVRUJIlOWLJH9HUDUEHLWXQJDXV(LQHYLHOVHLWLJH9HUZHQGXQJGHU.UlQH ZHOFKHDQJHIODQVFKWRGHUDOV3XQNW$QEDX DE. DP7UDNWRUPRQWLHUWZHUGHQN|QQHQLVWJDUDQWLHUW $OOH.UlQHYHUIJHQEHUHLQHQJUR‰HQ$NWLRQVUDGLXVXQGVLQGHLQIDFK]XEHGLHQHQ'LH+XENUDIWLVWEHUGLH JHVDPWH+XEK|KHJOHLFKPl‰LJYHUWHLOW'HU.SDVVWRSWLPDODXIGHQ+lQJHU+6XQGHUJLEWPLWLKPHLQ ZHQGLJHVNRPSDNWHV*HVSDQQIUGLHNOHLQHUH)RUVWZLUWVFKDIWRGHU%UHQQKRO]KlQGOHU 6R PD /DQGX)RUVWWHFKQLN 6,(*(/ +$5'2;02'(// 620$.PD[5HLFKZHLWHLQNO*UHLIHU P+XEPRPHQWEUXWWR N1P+XENUDIWEHLPLQNO*UHLIHU NJ6FKZHQNPRPHQWQHWWR N1P6FKZHQNEHUHLFK*UDG ƒ VWDUNH.UDQVlXOHPLW VWDELOHV:HLWZLQNHOJHOHQN PDVVLYHU/DJHUXQJ PDVVLYHU7HOHVNRSDXVOHJHU$Q]DKOGHU6FKZHQN]\OLQGHU 6FKZHQNJHWULHEH ,QgOEDG*UHLIHUPgIIQXQJVZHLWH6HULH PðFP5RWDWRU .13XPSHQOHLVWXQJPLQ%HWULHEVGUXFN OEDU$EVWW]XQJ6HULH2SWLRQDO $IODSGRZQ6LFKHUKHLWVYHQWLOIU$EVWW]XQJ VHULH3XQNW$QEDXIUGHQ7UDNWRU VHULH9HUELQGXQJ]XP+lQJHU JHVFKUDXEW VHULH VHULHQPl‰LJ.15RWDWRU +HEHO(OHNWURVWHXHUXQJ212)) PDVVLYHV3HQGHOJHOHQN*HZLFKW NJ6WHXHUXQJ6HULH +HEHOHOHNWUR

3DOPV)RUVWDQKlQJHU  3DOPV)RUVWNUDQ .7HFKQLVFKH'DWHQ NJ $OOH$QJDEHQDXVVWDWWXQJVEHGLQJWDEZHLFKHQGXQG YRUEHKDOWOLFKWHFKQLVFKHUbQGHUXQJHQ

3DOPV)RUVWDQKlQJHU 3DOPV)RUVWNUDQ . 'LH3$/06.UDQVHULHLVWVSH]LHOOIUGHQ(LQVDW]LQGHU/DQGX)RUVWZLUWVFKDIWHQWZLFNHOWZRUGHQXQG]HLFKQHW VLFKGXUFKHLQHEHVRQGHUVH[DNWHXQGVRUJIlOWLJH9HUDUEHLWXQJDXV(LQHYLHOVHLWLJH9HUZHQGXQJGHU.UlQH ZHOFKHDQJHIODQVFKWRGHUDOV3XQNW$QEDX DE. DP7UDNWRUPRQWLHUWZHUGHQN|QQHQLVWJDUDQWLHUW $OOH.UlQHYHUIJHQEHUHLQHQJUR‰HQ$NWLRQVUDGLXVXQGVLQGHLQIDFK]XEHGLHQHQ'LH+XENUDIWLVWEHUGLH JHVDPWH+XEK|KHJOHLFKPl‰LJYHUWHLOW'HU.YHUIJWEHLVHLQHPJHULQJHQ*HZLFKWEHUHLQHEHUOHJHQH 5HLFKZHLWHYRQPGLHLKQLQ.RPELQDWLRQPLWGHP+lQJHU+6IUGHQ(LQVDW]DP%HUJSUlGHVWLQLHUW 6R PD /DQGX)RUVWWHFKQLN 6,(*(/ +$5'2;02'(// 620$.PD[5HLFKZHLWHLQNO*UHLIHU P+XEPRPHQWEUXWWR N1P+XENUDIWEHLPLQNO*UHLIHU NJ6FKZHQNPRPHQWQHWWR N1P6FKZHQNEHUHLFK*UDG ƒ VWDUNHV=\OLQGHU VWDELOHV:HLWZLQNHOJHOHQN 6FKZHQNZHUN PDVVLYHU7HOHVNRSDXVOHJHU$Q]DKOGHU6FKZHQN]\OLQGHU 6FKZHQNJHWULHEH ,QgOEDG*UHLIHUPgIIQXQJVZHLWH6HULH PðFP5RWDWRU .13XPSHQOHLVWXQJPLQ%HWULHEVGUXFN OEDU$EVWW]XQJ6HULH2SWLRQDO $IODSGRZQ6LFKHUKHLWVYHQWLOIU$EVWW]XQJ VHULH3XQNW$QEDXIUGHQ7UDNWRU VHULH9HUELQGXQJ]XP+lQJHU JHVFKUDXEW 6HULH VHULHQPl‰LJ.15RWDWRU +HEHO(OHNWURVWHXHUXQJ212)) PDVVLYHV3HQGHOJHOHQN*HZLFKW NJ6WHXHUXQJ6HULH +HEHOHOHNWUR

3DOPV)RUVWDQKlQJHU  3DOPV)RUVWNUDQ .7HFKQLVFKH'DWHQ NJ $OOH$QJDEHQDXVVWDWWXQJVEHGLQJWDEZHLFKHQGXQG YRUEHKDOWOLFKWHFKQLVFKHUbQGHUXQJHQ

3DOPV)RUVWDQKlQJHU 3DOPV)RUVWNUDQ . 'LH3$/06.UDQVHULHLVWVSH]LHOOIUGHQ(LQVDW]LQGHU/DQGX)RUVWZLUWVFKDIWHQWZLFNHOWZRUGHQXQG]HLFKQHW VLFKGXUFKHLQHEHVRQGHUVH[DNWHXQGVRUJIlOWLJH9HUDUEHLWXQJDXV(LQHYLHOVHLWLJH9HUZHQGXQJGHU.UlQH ZHOFKHDQJHIODQVFKWRGHUDOV3XQNW$QEDX DE. DP7UDNWRUPRQWLHUWZHUGHQN|QQHQLVWJDUDQWLHUW $OOH.UlQHYHUIJHQEHUHLQHQJUR‰HQ$NWLRQVUDGLXVXQGVLQGHLQIDFK]XEHGLHQHQ'LH+XENUDIWLVWEHUGLH JHVDPWH+XEK|KHJOHLFKPl‰LJYHUWHLOW'HU.SXQNWHWPLWVHLQHPVHKUJXWHQ3UHLV/HLVWXQJVYHUKlOWQLVXQG VHLQHUJUR‰HQ+XENUDIW 6R PD /DQGX)RUVWWHFKQLN 6,(*(/ +$5'2;02'(// 620$.PD[5HLFKZHLWHLQNO*UHLIHU P+XEPRPHQWEUXWWR N1P+XENUDIWEHLPLQNO*UHLIHU NJ6FKZHQNPRPHQWQHWWR N1P6FKZHQNEHUHLFK*UDG ƒ VWDUNHV=\OLQGHU VWDELOHV:HLWZLQNHOJHOHQN 6FKZHQNZHUN PDVVLYHU7HOHVNRSDXVOHJHU$Q]DKOGHU6FKZHQN]\OLQGHU 6FKZHQNJHWULHEH ,QgOEDG*UHLIHUPgIIQXQJVZHLWH6HULH PðFP5RWDWRU .13XPSHQOHLVWXQJPLQ%HWULHEVGUXFN OEDU$EVWW]XQJ6HULH2SWLRQDO $IODSGRZQ6LFKHUKHLWVYHQWLOIU$EVWW]XQJ VHULH3XQNW$QEDXIUGHQ7UDNWRU VHULH P9HUELQGXQJ]XP+lQJHU JHVFKUDXEW H[WUDEUHLWH)ODS'RZQ VHULHQPl‰LJN15RWDWRU $EVWW]XQJ PDVVLYHV3HQGHOJHOHQN*HZLFKW NJ6WHXHUXQJ6HULH +HEHOHOHNWUR

3DOPV)RUVWDQKlQJHU  3DOPV)RUVWNUDQ .7HFKQLVFKH'DWHQ NJ $OOH$QJDEHQDXVVWDWWXQJVEHGLQJWDEZHLFKHQGXQG YRUEHKDOWOLFKWHFKQLVFKHUbQGHUXQJHQ

3DOPV)RUVWDQKlQJHU 3DOPV)RUVWNUDQ . 'LH3$/06.UDQVHULHLVWVSH]LHOOIUGHQ(LQVDW]LQGHU/DQGX)RUVWZLUWVFKDIWHQWZLFNHOWZRUGHQXQG]HLFKQHWVLFK GXUFK HLQH EHVRQGHUV H[DNWH XQG VRUJIlOWLJH 9HUDUEHLWXQJ DXV (LQH YLHOVHLWLJH 9HUZHQGXQJ GHU .UlQH ZHOFKH DQJHIODQVFKWRGHUDOV3XQNW$QEDX DE. DP7UDNWRUPRQWLHUWZHUGHQN|QQHQLVWJDUDQWLHUW$OOH.UlQH YHUIJHQEHUHLQHQJUR‰HQ$NWLRQVUDGLXVXQGVLQGHLQIDFK]XEHGLHQHQ'LH+XENUDIWLVWEHUGLHJHVDPWH+XEK|KH JOHLFKPl‰LJYHUWHLOW'HU.EDVLHUWDXIGHP.XQGEHU]HXJWGXUFKVHLQ'RSSHOWHOHVNRSPLWVHLQHUJUR‰HQ 5HLFKZHLWH 6R PD /DQGX)RUVWWHFKQLN 6,(*(/02'(// 620$.PD[5HLFKZHLWHLQNO*UHLIHU P+XEPRPHQWEUXWWR N1P+XENUDIWEHLPLQNO*UHLIHU NJ6FKZHQNPRPHQWQHWWR N1P6FKZHQNEHUHLFK*UDG ƒ VWDUNHV=\OLQGHU VWDELOHV'RSSHOWHOHVNRS 6FKZHQNZHUN$Q]DKOGHU6FKZHQN]\OLQGHU  VHULHQPl‰LJN15RWDWRU 2SWLRQ PDVVLYHV3HQGHOJHOHQN6FKZHQNJHWULHEH ,QgOEDG IODSGRZQ$EVWW]XQJ*UHLIHUPgIIQXQJVZHLWH6HULH PðFP5RWDWRU .13XPSHQOHLVWXQJPLQ%HWULHEVGUXFN OEDU$EVWW]XQJ6HULH2SWLRQDO $IODSGRZQ6LFKHUKHLWVYHQWLOIU$EVWW]XQJ VHULH3XQNW$QEDXIUGHQ7UDNWRU VHULH9HUELQGXQJ]XP+lQJHU JHVFKUDXEW*HZLFKW NJ6WHXHUXQJ6HULH +HEHOHOHNWUR

3DOPV)RUVWDQKlQJHU  3DOPV)RUVWNUDQ .7HFKQLVFKH'DWHQ NJ $OOH$QJDEHQDXVVWDWWXQJVEHGLQJWDEZHLFKHQGXQG YRUEHKDOWOLFKWHFKQLVFKHUbQGHUXQJHQ

3DOPV)RUVWDQKlQJHU 3DOPV)RUVWNUDQ . 'LH3$/06.UDQVHULHLVWVSH]LHOOIUGHQ(LQVDW]LQGHU/DQGX)RUVWZLUWVFKDIWHQWZLFNHOWZRUGHQXQG]HLFKQHWVLFK GXUFK HLQH EHVRQGHUV H[DNWH XQG VRUJIlOWLJH 9HUDUEHLWXQJ DXV (LQH YLHOVHLWLJH 9HUZHQGXQJ GHU .UlQH ZHOFKH DQJHIODQVFKWRGHUDOV3XQNW$QEDX DE. DP7UDNWRUPRQWLHUWZHUGHQN|QQHQLVWJDUDQWLHUW'HU.LVW GHU .UDQ PLW GHU K|FKVWHQ +XEOHLVWXQJ LP 6RUWLPHQW YRQ 3DOPV 6HLQ VFKQHOOHV 7HOHVNRS XQG VHLQH SHUIHNWH .UDQJHRPHWULHJDUDQWLHUHQSURIHVVLRQHOOHV$UEHLWHQLQVWDUNHQ%HVWlQGHQ 6R PD /DQGX)RUVWWHFKQLN 6,(*(/02'(// 620$.PD[5HLFKZHLWHLQNO*UHLIHU P+XEPRPHQWEUXWWR N1P+XENUDIWEHLPLQNO*UHLIHU NJ6FKZHQNPRPHQWQHWWR N1P6FKZHQNEHUHLFK*UDG ƒ VWDUNHV=\OLQGHU SURIHVVLRQHOOH9HUOHJXQJGHU 6FKZHQNZHUN +\GUDXOLNOHLWXQJHQ$Q]DKOGHU6FKZHQN]\OLQGHU 6FKZHQNJHWULHEH ,QgOEDG*UHLIHUPgIIQXQJVZHLWH6HULH PðFP5RWDWRU .13XPSHQOHLVWXQJPLQ%HWULHEVGUXFN OEDU$EVWW]XQJ6HULH IODSGRZQ6LFKHUKHLWVYHQWLOIU$EVWW]XQJ VHULH3XQNW$QEDXIUGHQ7UDNWRU VHULH9HUELQGXQJ]XP+lQJHU JHVFKUDXEW 6HULH GLH3UHK\GUDXOLN IODSGRZQ$EVWW]XQJ -R\VWLNVWHXHUXQJLVWVHULHQPl‰LJ*HZLFKW NJ RSWLRQDO3DUNHU(+&6WHXHUXQJ6WHXHUXQJ6HULH 3UHK\GUDXOLN

3DOPV)RUVWDQKlQJHU  3DOPV)RUVWNUDQ .7HFKQLVFKH'DWHQ NJ $OOH$QJDEHQDXVVWDWWXQJVEHGLQJWDEZHLFKHQGXQG YRUEHKDOWOLFKWHFKQLVFKHUbQGHUXQJHQ

3DOPV)RUVWDQKlQJHU 3DOPV)RUVWNUDQ . 'LH3$/06.UDQVHULHLVWVSH]LHOOIUGHQ(LQVDW]LQGHU/DQGX)RUVWZLUWVFKDIWHQWZLFNHOWZRUGHQXQG]HLFKQHWVLFK GXUFK HLQH EHVRQGHUV H[DNWH XQG VRUJIlOWLJH 9HUDUEHLWXQJ DXV (LQH YLHOVHLWLJH 9HUZHQGXQJ GHU .UlQH ZHOFKH DQJHIODQVFKWRGHUDOV3XQNW$QEDX DE. DP7UDNWRUPRQWLHUWZHUGHQN|QQHQLVWJDUDQWLHUW'HU.LVW GHU.UDQPLWGHUK|FKVWHQ5HLFKZHLWHLP3DOPV6RUWLPHQWXQGVWHOOWGDQNVHLQHVJUR‰HQ+XEPRPHQWHVXQGGHU SHUIHNWHQ*HRPHWULHGLHQ|WLJH/HLVWXQJIUGHQ3URILLP)RUVW]XU9HUIJXQJ 6R PD /DQGX)RUVWWHFKQLN 6,(*(/02'(// 620$.PD[5HLFKZHLWHLQNO*UHLIHU P+XEPRPHQWEUXWWR N1P+XENUDIWEHLPLQNO*UHLIHU NJ6FKZHQNPRPHQWQHWWR N1P6FKZHQNEHUHLFK*UDG ƒ VWDUNHV=\OLQGHU JXWJHVFKW]WHU6WHXHUEORFNPLW 6FKZHQNZHUN 'UXFNILOWHU$Q]DKOGHU6FKZHQN]\OLQGHU 6FKZHQNJHWULHEH ,QgOEDG*UHLIHUPgIIQXQJVZHLWH6HULH PðFP5RWDWRU .13XPSHQOHLVWXQJPLQ%HWULHEVGUXFN OEDU$EVWW]XQJ6HULH IODSGRZQ6LFKHUKHLWVYHQWLOIU$EVWW]XQJ VHULH3XQNW$QEDXIUGHQ7UDNWRU VHULH9HUELQGXQJ]XP+lQJHU JHVFKUDXEW 6HULH GLH3UHK\GUDXOLN IODSGRZQ$EVWW]XQJ -R\VWLNVWHXHUXQJLVWVHULHQPl‰LJ*HZLFKW NJ RSWLRQDO3DUNHU(+&6WHXHUXQJ6WHXHUXQJ6HULH 3UHK\GUDXOLN

3DOPV)RUVWDQKlQJHU  3DOPV)RUVWNUDQ .7HFKQLVFKH'DWHQ $OOH$QJDEHQDXVVWDWWXQJVEHGLQJWDEZHLFKHQGXQG YRUEHKDOWOLFKWHFKQLVFKHUbQGHUXQJHQ

3DOPV)RUVWDQKlQJHU 3DOPV)RUVWDQKlQJHU JHJHQ$XISUHLVHUKlOWOLFKHV=XEHK|U5HLVLJZDQQHHUKlOWOLFKIUDOOH3DOPV 6FKODXFKEUXFKVFKXW]LP%HGLHQHUEHUHLFK K\GUDXOLVFKHU5DGQDEHQDQWULHEHUKlOWOLFK $QKlQJHU VHULH IU+6+6+'+'5DKPHQDXV]XJHUKlOWOLFKIUDOOH3DOPV gONKOHU 6FDQUHFR)XQNIHUQVWHXHUXQJ $QKlQJHUK\GUDXOLVFKH.UDQVHLOZLQGH )XQNIHUQVWHXHUXQJGHU K\GUDXOLVFKHU5HLEUROOHQDQWULHEHUKlOWOLFK K\GUDXOLVFKHQ.UDQVHLOZLQGH IU+6ELV+''UXFNgOILOWHUEHLDOOHQ.UlQHQPLW)XQN VWDELOHU6FKXW]IUGHQ6WHXHUEORFNEHL (PSIlQJHUGHV6FDQUHFR)XQNV\VWHPHV 3UHK\GUDXOLNRGHU(+&VWHXHUXQJ DOOHQ.UlQHQPLW)XQN3UHK\GUDXOLN DP6WHXHUEORFN RGHU(+&VWHXHUXQJ

3DOPV)RUVWDQKlQJHU  3DOPV)RUVWDQKlQJHU JHJHQ$XISUHLVHUKlOWOLFKHV=XEHK|U.XUEHOVWW]IX‰ +RFKVLW]IU.... 3HQGHOEUHPVH HLQIDFKJHEUHPVW  QXULQ9HUELQGXQJPLW3UHK\GUDXOLNVWHXHUXQJP|JOLFK K\GUDXOLVFKHU5DGQDEHQDQWULHEJHEUHPVW 1(86WHKSRGHVWDXINODSSEDU 1(8YHUEHVVHUWHIODSGRZQ$EVWW]XQJ PLWDQNODSSEDUHU$EVWXU]VLFKHUXQJ PLWJU|‰HUHU$XIODJHIOlFKHXQG*OHLWVFKXW]K\GUDXOLVFKH%UHPVH 6HULHEHLDOOHQ 'UXFNOXIWEUHPVH K\GUDXOLVFKH5DG%UHPVH DXFKDOV 3DOPV$QKlQJHUQ 'UXFNOXIWDXVIKUXQJHUKlOWOLFK

3DOPV)RUVWDQKlQJHU 3DOPV'DWHQEODWW )RUVWNUlQH 3$/06)2567.5b1(02'(// 620$. 620$. 620$. 620$. 620$. 620$.PD[5HLFKZHLWHLQNO*UHLIHU P P P P P P+XEPRPHQWEUXWWR N1P N1P N1P N1P N1P N1P+XENUDIWEHLPLQNO*UHLIHU NJ NJ NJ NJ NJ NJ6FKZHQNPRPHQWQHWWR N1P N1P N1P N1P N1P N1P6FKZHQNEHUHLFK*UDG ƒ ƒ ƒ ƒ ƒ ƒ$Q]DKOGHU6FKZHQN]\OLQGHU    6FKZHQNJHWULHEH ,QgOEDG ,QgOEDG ,QgOEDG ,QgOEDG ,QgOEDG ,QgOEDG*UHLIHUPgIIQXQJVZHLWH6HULH PðFP PðFP PðFP PðFP PðFP PðFP5RWDWRU .1 .1 .1 .1 .1 .13XPSHQOHLVWXQJPLQ%HWULHEVGUXFN OEDU OEDU OEDU OEDU OEDU OEDU$EVWW]XQJ6HULH2SWLRQDO IODSGRZQ IODSGRZQ $IODSGRZQ $IODSGRZQ $IODSGRZQ $IODSGRZQ6LFKHUKHLWVYHQWLOIU$EVWW]XQJ VHULH VHULH VHULH VHULH VHULH VHULH3XQNW$QEDXIUGHQ7UDNWRU   VHULH VHULH VHULH VHULH9HUELQGXQJ]XP+lQJHU JHVFKUDXEW JHVFKUDXEW JHVFKUDXEW JHVFKUDXEW JHVFKUDXEW JHVFKUDXEW*HZLFKW NJ NJ NJ NJ NJ NJ6WHXHUXQJ6HULH .UHX]KHEHO +HEHOHOHNWUR +HEHOHOHNWUR +HEHOHOHNWUR +HEHOHOHNWUR +HEHOHOHNWUR7HOHVNRSDXVVFKXE  HLQIDFK HLQIDFK HLQIDFK HLQIDFK GRSSHOW 3DOPV6WHXHUYHQWLOH02'(// 620$. 620$.PD[5HLFKZHLWHLQNO*UHLIHU P P+XEPRPHQWEUXWWR N1P N1P+XENUDIWEHLPLQNO*UHLIHU NJ NJ6FKZHQNPRPHQWQHWWR N1P N1P6FKZHQNEHUHLFK*UDG ƒ ƒ$Q]DKOGHU6FKZHQN]\OLQGHU  .UHX]KHEHOVWHXHUXQJ 'UHKKHEHOVWHXHUXQJ +HEHOHOHNWUR212)) 3UHK\GUDXOLN6WHXHUXQJ6FKZHQNJHWULHEH ,QgOEDG ,QgOEDG*UHLIHUPgIIQXQJVZHLWH6HULH PðFP PðFP5RWDWRU .1 .13XPSHQOHLVWXQJPLQ%HWULHEVGUXFN OEDU OEDU$EVWW]XQJ6HULH2SWLRQDO IODSGRZQ IODSGRZQ6LFKHUKHLWVYHQWLOIU$EVWW]XQJ VHULH VHULH3XQNW$QEDXIUGHQ7UDNWRU VHULH VHULH9HUELQGXQJ]XP+lQJHU JHVFKUDXEW JHVFKUDXEW*HZLFKW NJ NJ6WHXHUXQJ6HULH 3UHK\GUDXOLN 3UHK\GUDXOLN7HOHVNREDXVVFKXE HLQIDFK GRSSHOW6R PD /DQGX)RUVWWHFKQLN (+&6WHXHUXQJPLW'LVSOD\ (+&)XQNVWHXHUXQJ,KUVWDUNHUXQG]XYHUOlVVLJHU3DUWQHULQGHU)RUVWZLUWVFKDIW

3DOPV)RUVWDQKlQJHU  3DOPV'DWHQEODWW )RUVWDQKlQJHU 3$/06)2567$1+b1*(50,7(,1)$&+5$+0(102'(// 620$+6 620$+6 620$+6 620$+67UDJNUDIW NJ NJ5DKPHQ PP NJ NJ/DGHTXHUVFKQLWW [[ [[/lQJHGHU/DGHIOlFKH Pð Pð [[ [[*HVDPWOlQJH*HVDPWEUHLWH PP %HUHLIXQJLQ7HUUD$XVIKUXQJ PP PP Pð Pð=\OLQGHUIU.QLFNGHLFKVHO  :LQNHOGHU.QLFNGHLFKVHOƒ   PP PP*HZLFKW:'5DGQDEHQDQWULHE    :'$QWULHE5HLEUROOH  ƒ+\GUDXOLVFKH%UHPVH5lGHU NJ NJ  0D[+XEPRPHQW/DGHNUDQEUXWWR  RSWLRQDO$Q]DKOGHU5XQJHQSDDUH6HULH   6R PD/LFKWDQODJH VHULH 5DKPHQDXV]XJ N1P VHULH ƒ ƒ /DQGX)RUVWWHFKQLN'UXFNOXIWEUHPVDQODJH  N1P VHULH NJ NJ 6,(*(/    VHULH RSWLRQDO RSWLRQDO VHULH RSWLRQDO  VHULH VHULH N1P N1P  VHULH VHULH VHULH VHULH RSWLRQDO RSWLRQDO 3$/06)2567$1+b1*(50,7'233(/5$+0(102'(// 620$+' 620$+' 620$+' 620$+'7UDJNUDIW5DKPHQ PP NJ NJ NJ NJ/DGHTXHUVFKQLWW [[ [[ [[ [[ Pð Pð Pð Pð/lQJHGHU/DGHIOlFKH PP PP PP PP*HVDPWOlQJH*HVDPWEUHLWH PP    %HUHLIXQJLQ7HUUD$XVIKUXQJ    =\OLQGHUIU.QLFNGHLFKVHO   :LQNHOGHU.QLFNGHLFKVHOƒ ƒ ƒ ƒ ƒ*HZLFKW NJ NJ NJ NJ:'5DGQDEHQDQWULHE RSWLRQDO RSWLRQDO RSWLRQDO RSWLRQDO:'$QWULHEN1$QWULHEVNUDIW RSWLRQDO RSWLRQDO RSWLRQDO RSWLRQDO+\GUDXOLVFKH%UHPVH5lGHU VHULH VHULH VHULH VHULH0D[+XEPRPHQW/DGHNUDQEUXWWR N1P N1P N1P N1P$Q]DKOGHU5XQJHQSDDUH6HULH    /LFKWDQODJH VHULH VHULH VHULH VHULH5DKPHQDXV]XJ RSWLRQDO RSWLRQDO RSWLRQDO RSWLRQDO'UXFNOXIWEUHPVDQODJH RSWLRQDO RSWLRQDO RSWLRQDO RSWLRQDO$OOH$QJDEHQRKQH*HZlKU6DW]XQG'UXFNIHKOHUYRUEHKDOWHQ/lQJHQDQJDEHQRKQH5DKPHQDXV]XJLQNO/LFKWDQODJH6R PD /DQGX)RUVWWHFKQLN,KUVWDUNHUXQG]XYHUOlVVLJHU3DUWQHULQGHU)RUVWZLUWVFKDIW

3DOPV)RUVWDQKlQJHU3DOPV3UHLVOLVWH$QKlQJHUX.UlQH3$/06)RUVWNUlQH 7\SH $UW1U *HZLFKW RKQH0Z6W PLW0Z6W5HLFKZHLWHP+XENUDIWNJP .  MHQDFK$XVUVWXQJ  5HLFKZHLWHP+XENUDIWNJP .   5HLFKZHLWHP+XENUDIWNJP .  NJ  5HLFKZHLWHP+XENUDIWNJP .  NJ  5HLFKZHLWHP+XENUDIWNJP .  NJ  5HLFKZHLWHP+XENUDIWNJP .  NJ  5HLFKZHLWHP+XENUDIWNJP .  NJ  5HLFKZHLWHP+XENUDIWNJP .  NJ   NJ3$/06)RUVWDQKlQJHU 7\SH $UW1U NJ RKQH0Z6W PLW0Z6WW(LQIDFKUDKPHQ +6  *HZLFKW  W(LQIDFKUDKPHQ +6   W(LQIDFKUDKPHQ +6  MHQDFK$XVUVWXQJ  W'RSSHOUDKPHQ +'   W(LQIDFKUDKPHQ +6  NJ  W'RSSHOUDKPHQ +'  NJ  W'RSSHOUDKPHQ +'  NJ  W'RSSHOUDKPHQ +'  NJ   NJ NJ  NJ NJ  )UDFKWNRVWHQSUR)RUVWDQKlQJHU.UDQ  QHWWRQHWWR   3$/06=XVDW]DXVVWDWWXQJ$XISUHLV (LJHQ|OYHUVRUJXQJPLW6WHKSRGHVWX+DOWHUXQJ H[FO*HOHQNZHOOH      6FKODXFKSDNHWODQJ %HGLHQXQJYRP7UDNWRU      )ODS'RZQ$EVWW]XQJVWDWW$$EVWW]XQJ    6WHKSRGHVWXQG6WHXHUEORFNKDOWHUXQJ      +\GUDXOLNEUHPVDQODJH5DG      'UXFNOXIWEUHPVDQODJH5DG     'UXFNOXIWEUHPVDQODJH5DG      .RPELQLHUWH%UHPVDQODJH'/+\G5DG .RPELEUHPV]\OLQGHU  QLFKWW\SLVLHUEDU    QLFKWW\SLVLHUEDU  .RPELQLHUWH%UHPVDQODJH'/+\G5DG .RPELEUHPV]\OLQGHU     =XVlW]O5XQJHQSDDUIU +6+6+6+6    6WXQGHQ]lKOHUPLW=DSIZHOOHQVHQVRU   6WXQGHQ]lKOHUPLW5WWHOVHQVRU 5DKPHQDXV]XJEHL'RSSHOUDKPHQ +'+' 5HLIHQVWDWW +6+' 5HLIHQVWDWW +6 5HLIHQVWDWW +'+' +\GUDXOLVFKH.UDQVHLOZLQGHPLW)XQN=XJ|VHPLW.XJHONRSI.6WW]IX‰PLW.XUEHO7\SLVLHUXQJNPKLQNODOOHU8PEDXWHQ EHLK\G%UHPVH 7\SLVLHUXQJNPKLQNODOOHU8PEDXWHQ EHL'O%UHPVH LQ9HUELQGXQJPLW5DGQDEHQDQWULHEQLFKWP|JOLFK6R PD/DQGX)RUVWWHFKQLN 6,(*(/

3DOPV)RUVWDQKlQJHU  3DOPV3UHLVOLVWH =XEHK|U3$/066WHXHUXQJHQ$XISUHLV 7\SH $UW1U *HZLFKW RKQH0Z6W PLW0Z6W'UHKKHEHOVWHXHUXQJVWDWWHO212)) ...   'UHKKHEHOVWHXHUXQJVWDWW.UHX]KHEHO ..   (O212))6WHXHUXQJVWDWW.UHX]KHEHO   3UHK\GUDXOLNVWHXHUXQJVWDWWHO212)) .   (+&6WHXHUXQJVWDWW3UHK\GUDXOLN   (+&6WHXHUXQJVWDWWHO212)) .   )XQN6WHXHUXQJVWDWW3UHK\GUDXOLN   )XQN6WHXHUXQJVWDWWHO212)) ...   +RFKVLW] QXULQ9HUELQGXQJPLW3UHK\GUDXOLN ..    .. ... .. .. ... .. ... 3$/06$QWULHE      :'5DGQDEHQDQWULHE 5HLIHQ  IU+6  :'5DGQDEHQDQWULHELQNO5HLIHQ IU+6   :'5DGQDEHQDQWULHE IU+'X+'  +\GUDXOLNEUHPVDQODJH5DGIU:'$QWULHE IU+6+' 'UXFNOXIWEUHPVDQODJH5DGIU:'$QWULHE IU+6+' $OOH3DOPV+lQJHUVLQGVHULHQPl‰LJPLWHLQHUK\GUDXOLVFKHQ=ZHLUDGEUHPVHDXVJHVWDWWHW:'5HLEUROOHQDQWULHELQNO5HLIHQ +6+'   :'5HLEUROOHQDQWULHELQNO5HLIHQ +'+'   3$/06*UHLIHU/DVWKDNHQ 3$/06*5  NJ   3$/06*5  NJ  *UHLIHUFPgIIQXQJVZHLWH 3$/06*5  NJ  *UHLIHUFPgIIQXQJVZHLWH 3$/06*5  NJ  *UHLIHUFPgIIQXQJVZHLWH*UHLIHUFPgIIQXQJVZHLWH 3$/065*3 5*3 NJ  5HLVLJ]DQJH3DOPVFPgIIQXQJVZHLWH %&2& 6* NJ  6FKDOHQJUHLIHUO%UHLWHPP %&2& 6* NJ  6FKDOHQJUHLIHUO%UHLWHPP )25&2/  NJ  'XQJJUHLIHU%UHLWHPP /$6752 /+/DVWKDNHQIU5RWDWRUN1 /$6752 /+ NJ  /DVWKDNHQIU5RWDWRUN1 NJ  3$/065RWDWRU 3$/0652    3$/0652   5RWDWRU.1 3$/0652   5RWDWRU.1 3$/06%U   5RWDWRU.1   3HQGHOEUHPVH HLQIDFKJHEUHPVW 3$/06%U3HQGHOJHOHQN     3$/06=XEHK|U6RQVWLJHV    5:.  .RPSOHWWUDG 5:*  =XJ|VH6WDQGDUW)/[ 2.5HLVLJZDQQHIU+V+V+'+V5HLVLJZDQQHIU+'+'+'gONKOHU

3DOPV)RUVWDQKlQJHU $UW1U RKQH0Z6W PLW0Z6W    3DOPV.RPELQDWLRQHQ $UW1U RKQH0Z6W PLW0Z6W $QKlQJHUX.UlQH   .20%,1$7,21(1 $UW1U RKQH0Z6W PLW0Z6W    7\SH +6..RPELQDWLRQ $UW1U RKQH0Z6W PLW0Z6W    7\SH +6..RPELQDWLRQ $UW1U RKQH0Z6W PLW0Z6W    7\SH +6..RPELQDWLRQ $UW1U RKQH0Z6W PLW0Z6W    7\SH +6..RPELQDWLRQ $UW1U RKQH0Z6W PLW0Z6W    7\SH +6..RPELQDWLRQ $UW1U RKQH0Z6W PLW0Z6W    7\SH +6..RPELQDWLRQ $UW1U RKQH0Z6W PLW0Z6W    7\SH +6..RPELQDWLRQ $UW1U RKQH0Z6W PLW0Z6W    7\SH +6..RPELQDWLRQ $UW1U RKQH0Z6W PLW0Z6W    7\SH +'..RPELQDWLRQ 7\SH +'..RPELQDWLRQ 7\SH +'..RPELQDWLRQ

3DOPV)RUVWDQKlQJHU  3DOPV3UHLVOLVWH $QKlQJHUXQG.UlQH.20%,1$7,21(1 $UW1U RKQH0Z6W PLW0Z6W    7\SH +6..RPELQDWLRQ $UW1U RKQH0Z6W PLW0Z6W    7\SH +6..RPELQDWLRQ $UW1U RKQH0Z6W PLW0Z6W    7\SH +6..RPELQDWLRQ $UW1U RKQH0Z6W PLW0Z6W    7\SH +6..RPELQDWLRQ $UW1U RKQH0Z6W PLW0Z6W    7\SH +'..RPELQDWLRQ $UW1U RKQH0Z6W PLW0Z6W    7\SH +'..RPELQDWLRQ $UW1U RKQH0Z6W PLW0Z6W    7\SH +'..RPELQDWLRQ $UW1U RKQH0Z6W PLW0Z6W    7\SH +'..RPELQDWLRQ $UW1U RKQH0Z6W PLW0Z6W    7\SH +'..RPELQDWLRQ $UW1U RKQH0Z6W PLW0Z6W    7\SH +'....RRPPEELLQQDDWWLLRRQQ $UW1U RKQH0Z6W PLW0Z6W    7\SH +'..RPELQDWLRQ $UW1U RKQH0Z6W PLW0Z6W    7\SH +'....RRPPEELLQQDDWWLLRRQQ $UW1U RKQH0Z6W PLW0Z6W    7\SH +'..RPELQDWLRQ

5FNH]DQJHQ 6R PD 6R PD /DQGX)RUVWWHFKQLN 6RPD5FNH]DQJH /DQGX)RUVWWHFKQLN 5=5= 6,(*(/ 5h&.(=$1*(1VHKUJUR‰HgIIQXQJVZHLWHEHL 'LH K\GUDXOLVFKH 5FNH]DQJH PLW DOOHQ620$0RGHOOHQ $QEDXERFNLVWIU6FKOHSSHUYRQ36ELV36JHHLJQHW'HU$QEDXHUIROJW $XVIKUXQJPLW5RWDWRU HLQIDFK EHU GLH 'UHLSXQNWK\GUDXOLN GHV 6FKOHSSHUV %HL VFKZHUHQ +RO]DUEHLWHQEULQJWGHU(LQVDW]HLQHU5FNH]DQJHHLQHZHVHQWOLFKH=HLWHUVSDUQLV PLW VLFK XQG GLHV RKQH PDQXHOOHQ .UDIWDXIZDQG XQG RKQH YRP 6FKOHSSHU DEVWHLJHQ]XPVVHQ:HJHQGHUYHU]DKQWHQ6WUXNWXULHUXQJGHU*UHLIDUPHLVW HLQ$XVVFKOSIHQGHV+RO]HVQDKH]XDXVJHVFKORVVHQ'DGHU6FKZHQNEHUHLFK GHU 5FNH]DQJH EHLGVHLWLJ  *UDG EHWUlJW HQWVWHKHQ EHL H[WUHPHQ .XUYHQIDKUWHQ NHLQH 4XHUNUlIWH 'LH 5FNH]DQJH VFKZHQNW  DXIJUXQG GHV LQWHJULHUWHQ3HQGHOVFKDUQLHUVVWHWVLQGLH*UDG6WHOOXQJ]XUFN gIIQXQJVZHLWHFP 6R PD .OHLQVWHU'XUFKPHVVHUFP 6FKZHQNEHUHLFKOLQNVXQGUHFKWV /DQGX)RUVWWHFKQLN MHZHLOV*UDG 6FKOLH‰NUDIWWREHLEDU 6,(*(/ 'RSSHOZLUNHQGHU +\GUDXOLN]\OLQGHU (LJHQJHZLFKWNJ /lQJH JHVFKORVVHQ PP %UHLWH JHVFKORVVHQ PP +|KHPPVWDELOHV3HQGHOVFKDUQLHU =DQJHNHKUWLPPHULQ$XVJDQJVSRVLWLRQ]XUFN VHKUVWDELOHU 9(5/$'(=$1*(1 6FKOLH‰PHFKDQLVPXV 'LHK\GUDXOLVFKH620$9HUODGH]DQJH RSWLRQDODXFKPLW)URQWODGHUDQEDXHUKlOWOLFK LVWEHVWHQVIUGHQ)URQWODGHUDQEDX RGHU.UDQDQEDXJHHLJQHW 0LWGHU620$9HUODGH]DQJH N|QQHQ6LH%UHQQKRO]5HLVLJ6LOR RGHU6WURKEDOOHQVRZLHODQJH %DXPVWlPPHYHUODGHQXQGVWDSHOQ $OOHEHZHJOLFKHQ7HLOHVLQGPLW 9HUODGH]DQJH*5 PLQGHVWHQV PP%RO]HQ]XVDPPHQJHIJW :HLWHUVVLQGDOOH*HOHQNHPLW6FKPLHUQLSSHOQXQG*OHLWODJHUQDXVJHVWDWWHW 'DGXUFKLVWJHULQJHU9HUVFKOHL‰XQGHLQHVHKUKRKH/HEHQVGDXHU JHZlKUOHLVWHW

6R PD *UHLIHU  /DQGX)RUVWWHFKQLN 6RPD*UHLIHU 3URIL]DQJH 7DMIXQ/LYKDUGR[ +RO]0LVWXQG6FKDOHQJUHLIHU 3DOPV5HLVLJ]DQJH 6R PD /DQGX)RUVWWHFKQLN 6,(*(/ 9HUODGH]DQJH*5'LHDEJHELOGHWHQ5RWDWRUHQGLHQHQQXULOOXVWUDWLYHQ=ZHFNHQXQGVLQGQLFKWLP/LHIHUXPIDQJGHU=DQJHQHQWKDOWHQK\GUDXOLVFKH9HUODGH]DQJHQ7\SH gIIQXQJVZHLWH 6FKOLHVNUDIW *HZLFKW $UW1U RKQH0Z6W PLW0Z6W9HUODGH]DQJH*5 FP WR 9HUODGH]DQJH*5 FP WR NJ      WR NJ    WR  9HUODGH]DQJH*5 FP WR NJ   9HUODGH]DQJH*5 FP WR   WR NJ     3URIL]DQJH7DMIXQ/LYKDUGR[ FP NJ   3URIL]DQJH7DMIXQ/LYKDUGR[ FP NJ  0LVW]DQJH%UHLWHFP FP NJ 0LVW]DQJH%UHLWHFP FP NJ 0*%*3DOPV5HLVLJ]DQJH FP NJ 5*3 )UDFKWNRVWHQSUR=DQJH6FKDOHQJUHLIHU DQGHUH*U|‰HQDXI$QIUDJHOLHIHUEDU 7\SH %UHLWH *HZLFKW $UW1U RKQH0Z6W PLW0Z6W6*O FP6*O FP NJ 6*     NJ 6*  5RWDWRU )UDFKWNRVWHQSUR*UHLIHU 7\SH 7\SH $UW1U RKQH0Z6W PLW0Z6W 5RWDWRUN1 3$/0652    5RWDWRUN1 3$/0652    3HQGHOEUHPVH 3$/06%5    )UDFKWNRVWHQSUR5RWDWRU  $QEDXDUPPLW*UHLIHU 6RPD9] 6FKDOHQJUHLIHUOLWHUFP 6FKDOHQJUHLIHUOLWHUFP  0LVW]DQJHFP+RO]JUHLIHU6FKQHOOZHFKVHO$QEDXDUP7\SH *HZLFKW $UW1U RKQH0Z6W PLW0Z6W $QEDXDUP (XUR1RUP 6RPD9= NJ    $QEDXDUPLQNO5RWDWRUN1XQG*UHLIHU*U3XQNW$QEDXP|JOLFK NJ    )UDFKWNRVWHQSUR*HUlWK\GUDXOLVFKH5FNH]DQJHQ *HZLFKW $UW1U RKQH0Z6W PLW0Z6W   7\SH NJ    5FNH]DQJH5=1   5FNH]DQJH5=1 NJ    5FNH]DQJH5=) PLW)DQJKDNHQIU)URQWODGHUDQEDX 5FNH]DQJH5=)5 PLW)DQJKDNHQXQG5RWDWRU NJ    NJ  )UDFKWNRVWHQSUR=DQJH

5FNH]DQJHQ 6R PD 6R PD /DQGX)RUVWWHFKQLN 5FNH]DQJHQ /DQGX)RUVWWHFKQLN %LQGHUEHUJHU5= 6,(*(/ ,KUH9RUWHLOH DXIHLQHQ%OLFN5= PDVVLYHU3XQNW$QEDX gIIQXQJVZHLWHPP 6FKOLH‰NUDIWNJ NOHLQVWHU'XUFKPHVVHUPP PHFKDQLVFKHU$XVVFKXEPP 'UHKZLQNHOYRP*UHLIHUƒ VWDELOHV5FNHVFKLOG RSWLRQDO5RWDWRUW RSWLRQDOK\GU6FKZHQNHLQULFKWXQJ RSWLRQDOK\GU$XVVFKXEPPK\GUDXOLVFKH5FNH]DQJH *HZLFKW $UW1U RKQH0Z6W PLW0Z6W   7\SH NJ  5FNH]DQJH5=   )UDFKWNRVWHQSUR=DQJH

6R PD 6R PD 5FNH]DQJHQ  /DQGX)RUVWWHFKQLN /DQGX)RUVWWHFKQLN 5FNH]DQJHQ 6,(*(/ %LQGHUEHUJHU5=52/DQGX)RUVWWHFKQLN ,KUH9RUWHLOH DXIHLQHQ%OLFN5=52 W(QGORVURWDWRU PDVVLYHU3XQNW$QEDX gIIQXQJVZHLWHPP 6FKOLH‰NUDIWNJ NOHLQVWHU'XUFKPHVVHUPP PHFKDQLVFKHU$XVVFKXEPP 'UHKZLQNHOYRP*UHLIHUHQGORV VWDELOHV5FNHVFKLOG RSWLRQDOK\GU6FKZHQNHLQULFKWXQJ RSWLRQDOK\GU$XVVFKXEPP K\GUDXOLVFKH5FNH]DQJH PLW5RWDWRU7\SH *HZLFKW $UW1U RKQH0Z6W PLW0Z6W5FNH]DQJH5=   NJ    )UDFKWNRVWHQSUR=DQJH

.HJHOVSDOWHU 6R PD .HJHOVSDOWHU /DQGX)RUVWWHFKQLN '.6'.6,KUH9RUWHLOH6SLW]HQTXDOLWlWDXV'HXWVFKODQG2SWLPDOJHIRUPWHU6SDOWNHJHODXVQLWULHUJHKlUWHWHP(LQVDW]VWDKOIUOlQJVWH/HEHQVGDXHUXQGEHUUDJHQGH2EHUIOlFKHQKlUWH'LHYLHOIlOWLJH$XVZDKOJHZlKUOHLVWHWHLQHRSWLPDOH$EVWLPPXQJDXIGLH7UlJHUPDVFKLQHXQGGDPLWEHVWH3URGXNWLYLWlWXQG0DVFKLQHQDXVQXW]XQJ$QEDXEDUDQYLHOHYHUVFKLHGHQH7UlJHUIDKU]HXJH]%%DJJHU)RUVWNUlQH+RIODGHU 6lPWOLFKH$GDSWLRQHQZLH6FKQHOO ZHFKVOHURGHU(LQ]HODQIHUWLJXQJHQ IU GHQ %DJJHU 5DGODGHU XQG 7UDNWRUDQEDXHWFHUKlOWOLFK $% *UXQGJHUlWYDULDQWHQ$UEHLWVZHUN]HXJH.HJHOVSDOWHU'.6 (UGERKUHU'(%:LOGNUDXWEHVHQ':%%DXPVWXPSIERKUHU'6% .UHLVHOJUXEEHU'.*

6R PD .HJHOVSDOWHU  /DQGX)RUVWWHFKQLN .HJHOVSDOWHU '.6 =XEHK|U'.6'.6 '.6 'LH.HJHOVSDOWHU'.6E]Z'.6VLQG GDIU NRQ]LSLHUW JUR‰H XQKDQGOLFKH RGHU VFKZHUH *HK|O]H VRZLH %DXPZXU]HOQ ]X VSDOWHQ EHLVSLHOVZHLVH ]XP +HUVWHOOHQ YRQ =DXQSIlKOHQ IU GLH .DPLQKRO]JHZLQQXQJ RGHU]XP9RUYHUNOHLQHUQIUHLQHQ+RO]KDFNHU RGHU 6lJHVSDOWDXWRPDW 'LH $OOURXQGJHUlWH N|QQHQ DP %DJJHU +RIODGHU RGHU DQ lKQ OLFKHQ 7UlJHUIDKU]HXJHQ PRQWLHUW ZHUGHQ :DKOZHLVH EULQJHQ ZLU GLH *HUlWH DXFK LQ JHZHQGHWHU%DXZHLVHDP5FNHZDJHQRGHU DP+RO]KDFNHUIUGLH%HVFKLFNXQJPLWHLQHP .UDQDQ $X‰HUGHPJLEWHVGHQ'.6 *UXQGJHUlW 7\S$ PLW]ZHLXQGGHQ'.6 *UXQGJH UlW 7\S %  LQ GUHL GLYHUVHQ 0RWRUYDULDQWHQ +LHUPLWGHFNHQZLUDOVRGDVJHVDPWH/HLVWXQJV VSHNWUXPDE .HJHOVSDOWHU '.6 'HU 6SDOWNHJHO GHV *HUlWHV LVW ]ZHLWHLOLJ 'LH 6SLW]HLVWDXVWDXVFKEDUXQGDXVHLQHPVHKUKRFK ZHUWLJHQ 9HUJWXQJVVWDKO SURGX]LHUW $X‰HUGHP LVWVLHQLWULHUWXQGGDKHUK|FKVWYHUVFKOHL‰IHVW 'HU6SDOWNHJHOKDWHLQHQPD[LPDOHQ'XUFKPHV VHUYRQPPE]ZPP'DV6lJHQJHZLQ GH LVW ]ZHLJlQJLJ XQG GHVZHJHQ H[WUHP JULIILJ (V ]LHKW VLFK SUREOHPORV LQ MHGHV +RO] KLQHLQ 'XUFKGLHNRQLVFK]XODXIHQGH%DXDUWGULQJWVLFK GDV*HKlXVHPLWLQV+RO]KLQHLQXQGXQWHUVWW]W KLHUPLWGHQ6SDOWYRUJDQJ]XVlW]OLFK 6HOEVW EHL NOHLQHUHQ 7UlJHUPDVFKLQHQ DE W (LQVDW]JHZLFKW XQG JHULQJHU +\GUDXOLNNDSD]LWlW HUUHLFKHQXQVHUH*HUlWHEHUHLWVVHKUJXWH5HVXOWDWH hEHU]HXJHQ6LHVLFKVHOEHUXQGVSUHFKHQ6LHXQVDQ *HUQHIKUHQZLU,KQHQHLQ*HUlW,KUHU:DKOYRU ‡(QWODVWXQJGHV5FNHQV ‡+RO]VSDOWHQDXFKEHL VFKOHFKWHP:HWWHU ‡+RKH6SDOWNUDIWDXFKEHL NOHLQHUHQ7UlJHUIDKU]HXJHQ ‡6HKUJXWHV3UHLV/HLVWXQJV YHUKlOWQLV

.HJHOVSDOWHU 6R PD .HJHOVSDOWHU /DQGX)RUVWWHFKQLN '.6'.6'.6'.67HFKQLVFKH'DWHQXQG3UHLVH7\SH *HUlWHW\SH+\GUDXOLNPRWRUHQJU|‰H>FFP@ '.6 '.6 '.6 '.6$UW1U '.6 '.6 '.6 '.67UlJHUIDKU]HXJJU|‰H>W@    *HZLFKWRKQH$GDSWHU>NJ@    +XEUDXP>FPñ@    +\GUDXOLNGUXFN>EDU@    3XPSHQOHLVWXQJFD>OPLQ@    .HJHOGXUFKPHVVHU>PP@    .HJHOOlQJH>PP@    $EPD‰HO[E[K [[ [[ [[ [[/RFKELOGIU$XIQDKPH>PP@ [ [ [ [*HZLQGHIU$XIQDKPH>PP@ 0 0 0 0+\GUDXOLNVFKODXFKOlQJH>P@    +\GUDXOLNVFKODXFK1HQQZHLWH 'Q 'Q 'Q 'Q+\GUDXOLNNXSSOXQJHQ 6WHFNN%* 6FKUDXEN%* 6FKUDXEN%* 6FKUDXEN%*3UHLVH[FO0ZVW    3UHLVLQFO0ZVW    )UDFKWNRVWHQH[FO0ZVW    )UDFKWNRVWHQLQFO0ZVW    =XEHK|UIU'.6 $UW1U 3UHLVH[FO 3UHLVLQFO 5(/,   7\SH 8PVFKDOWYHQWLOUHOLIU%HWULHEPLWHLQIDFKZLUNHQGHP9HQWLO '.6(6   ]XUbQGHUXQJGHU'UHKULFKWXQJ '.6($   (UVDW]VSLW]H (UVDW]NHJHONRPSOHWWPPPLW6SLW]H6FKUDXEHQXQG3DVVIHGHUIU'.6 '.6(%   (UVDW]NHJHONRPSOHWWPPPLW6SLW]H6FKUDXEHQXQG3DVVIHGHUIU'.6 9HUVFKLHGHQVWH$GDSWHUIU7UlJHUIDKU]HXJH 3UHLVDXI$QIUDJH )UDFKWNRVWHQ QDFK$XIZDQG

6R PD .HJHOVSDOWHU  /DQGX)RUVWWHFKQLN (UGERKUHU =XEHK|U'.6'.6 'LH (UGERKUHU '(% HLJQHQ VLFK IU %RKUXQJHQ LQV (UGUHLFK EHLVSLHOVZHLVH IU =DXQSIlKOH%DXPYHUSIODQ]XQJRGHU5RKUYHUOHJXQJXVZ'LH=HQWULHUVSLW]HXQG GLH6FKQHLGHQGHV%RKUHUVVLQGDXVWDXVFKEDUXQGDXVHLQHP YHUVFKOHL‰IHVWHQ0DWHULDOKHUJHVWHOOW'HQ(UGERKUHUJLEWHVLQHLQHU VFKZHUHQ9DULDQWHZREHLVLFKGLHVFKZHUH%DXDUWEHVRQGHUVIUIHVWHXQG VWHLQLJH%|GHQHLJQHW'HU(UGERKUHUNDQQPLWHLQHPPLWJHOLHIHUWHQ $GDSWHUDQ GDV*UXQGJHUlWDQJHVFKORVVHQZHUGHQ'HQ$XIQDKPHDGDSWHUJLEWHVZDKOZHLVH LQHLQHUVWDUUHQ9DULDQWHZHOFKHUVLFKIU6FKUlJERKUXQJHQHLJQHWVRZLHLQHLQHU IUHLSHQGHOQGHQ9DULDQWH]XPYHUWLNDOJOHLFKPl‰LJHQ%RKUHQ (UGERKUHU '(%(UGERKUHUVFKZHUIU'.6'DWHQXQG3UHLVH $UW1U 3UHLVH[FO 3UHLVLQFO '(%( 7\SH '(%(   (UGERKUHUVWDUN,QFO$GDSWHUVWDUU)U*UXQGJHUlW'XUFKPHVVHUPP '(%( (UGERKUHUVWDUN,QFO$GDSWHUVWDUU)U*UXQGJHUlW'XUFKPHVVHUPP '(%(   (UGERKUHUVWDUN,QFO$GDSWHUVWDUU)U*UXQGJHUlW'XUFKPHVVHUPP '(%( (UGERKUHUVWDUN,QFO$GDSWHUVWDUU)U*UXQGJHUlW'XUFKPHVVHUPP '(%3(1   (UGERKUHUVWDUN,QFO$GDSWHUVWDUU)U*UXQGJHUlW'XUFKPHVVHUPP 3HQGHOJHOHQNIU(UGERKUHU   )UDFKWNRVWHQ     QDFK$XIZDQG

.HJHOVSDOWHU 6R PD %DXPVWXPSIERKUHU /DQGX)RUVWWHFKQLN =XEHK|U'.6'.6'HU %DXPVWXPSIERKUHU ZLUG HLQJHVHW]W '6% IU*UXQGJHUlW'.6XQG'.6XP DEJHVlJWH %DXPVWPSIH ]X HQWIHUQHQ '6% IU*UXQGJHUlW'.6'LH 6FKQHLGHQ GHV *HUlWHV VLQG DXVWDXVFKEDU XQG N|QQHQ ]XVlW]OLFK YRQ '6%EHLGHQ 6HLWHQ YHUZHQGHW ZHUGHQ 'LH '6%=HQWULHUVSLW]H LVW HEHQIDOOV ZHFKVHOEDU 0LW +LOIH GHU =HQWULHUVSLW]H N|QQHQ PHK UHUH %RKUXQJHQ VRJDU EHUVFKQHLGHQG QHEHQHLQDQGHU DQJHVHW]W ZHUGHQ 6RPLW VWHOOHQ DXFK JUR‰H %DXPVWPSIH NHLQ 3UREOHPGDU'XUFKGLHQLHGULJH'UHK]DKO EHVWHKWNHLQHUOHL*HIDKUGXUFKXPKHUIOLH JHQGH +RO]VWFNH 6RPLW VLQG DXFK $U EHLWHQ DQ 6WUD‰HQ RGHU 5DGZHJHQ RKQH JUR‰H 9HUNHKUVXQWHUEUHFKXQJHQ VFKQHOO XQNRPSOL]LHUW XQG JHIDKUORV P|JOLFK $X‰HUGHP N|QQHQ GLH *HUlWH LP SULYDWHQ %HUHLFK LQ *lUWHQ XQG *UQDQODJHQHLQJHVHW]WZHUGHQ'HQ %DXPVWXPSIERKUHU JLEW HV IU GDV*UXQGJHUlW7\S$LQPP'XUFKPHVVHUXQGIUGDV*UXQGJHUlW7\S%LQXQGPP'XUFKPHVVHU %DXPVWXPSIERKUHU '6% %DXPVWXPSIERKUHU'6%'DWHQXQG3UHLVH 7\SH $UW1U 7UlJHUIDKU]HXJJU|‰H>W@ *HZLFKWJHVDPWPLW*UXQGJHUlWRKQH$GDSWHU>NJ@ +XEUDXP>FPñ@ +\GUDXOLNGUXFN>EDU@ 3XPSHQOHLVWXQJFD>OPLQ@ )UlVGXUFKPHVVHU>PP@ 6FKQHLGHQ 3UHLVH[FO0ZVW 3UHLVLQFO0ZVW )UDFKWNRVWHQH[FO0ZVW )UDFKWNRVWHQLQFO0ZVW

6R PD .HJHOVSDOWHU  /DQGX)RUVWWHFKQLN :LOGNUDXWEHVHQ =XEHK|U'.6'.6 'LH :LOGNUDXWEHVHQ ':% ZHUGHQ ]XP 5HLQLJHQ YRQ 3IODVWHUIOlFKHQ HLQJHVHW]W6LFKHUOLFKNHQQHQ6LHGDV 3UREOHP YRQ Y|OOLJ EHUZXFKHUWHQ %|GHQ 8P GDV :LOGNUDXW XPZHOW IUHXQGOLFK XQG FKHPLHIUHL ]X EHVHL WLJHQ ELHWHW HV VLFK DQ HLQHQ :LOG NUDXWEHVHQ HLQ]XVHW]HQ 'XUFK GLH NRPSDNWH %DXZHLVH KDEHQ VLH GLH 0|JOLFKNHLW DXFK LQ NOHLQHUH (FNHQ RGHU:HJH]XJHODQJHQ'LHHLQ]HO QHQ%UVWHQGHV*HUlWHVKDEHQHLQH VHKU ODQJH /HEHQVGDXHU XQG ODVVHQ VLQGLQQHUKDOEZHQLJHU0LQXWHQPKH ORV DXVWDXVFKHQ=XVlW]OLFKHUKDOWHQ 6LH GLYHUVH %UVWHQDUWHQ JDQ] LQGL YLGXHOO DQ ,KUH %RGHQDUW DQJHSDVVW 'LH%HVHQJLEWHVLQ]ZHL'XUFKPHVVHUQ PLWRGHU:HFKVHOEUVWHQ :LOGNUDXWEHVHQ ':% ‡,GHDO]XP5HLQLJHQYRQ3IODVWHUIOlFKHQ ‡8PZHOWIUHXQGOLFKHFKHPLHIUHLH :LOGNUDXWEHNlPSIXQJ ‡'XUFKNRPSDNWH%DXZHLVHDXFK LQ(QJVWHOOHQHLQVHW]EDU ':% IU*UXQGJHUlW'.6 ':% IU*UXQGJHUlW'.6:LOGNUDXWEHVHQ':%'DWHQXQG3UHLVH ':% ':% ':% ':% 7\SH *HUlWHW\SH+\GUDXOLNPRWRUHQJU|‰H>FFP@   $UW1U   7UlJHUIDKU]HXJJU|‰H>W@   *HZLFKWJHVDPWPLW*UXQGJHUlWRKQH$GDSWHU>NJ@   +XEUDXP>FPñ@   +\GUDXOLNGUXFN>EDU@   3XPSHQOHLVWXQJFD>OPLQ@   7HOOHUGXUFKPHVVHU>PP@   %UVWHQDQ]DKO   3UHLVH[FO0ZVW   3UHLVLQFO0ZVW   )UDFKWNRVWHQH[FO0ZVW )UDFKWNRVWHQLQFO0ZVW

.HJHOVSDOWHU 6R PD .UHLVHOJUXEEHU /DQGX)RUVWWHFKQLN =XEHK|U'.6'.6 'HU .UHLVHOJUXEEHU '.* KDW ]ZHL ZHFKVHOEDUH =LQNHQ 'HU *UXEEHU NDQQ HLQJHVHW]W ZHUGHQ XP %|GHQ DXI]XORFNHUQ :XU]HOQ ORV]XUHL‰HQ IHXFKWH%|GHQ ]X ORFNHUQ XP VR GDV 7URFNQHQ ]X EHVFKOHXQLJHQ RGHU ]XP )UlVHQYRQ5DVHQIOlFKHQHWF'HQ.UHL  VHOJUXEHUJLEWHVIUGDV*UXQGJHUlW7\S $ LQ HLQHU $UEHLWVEUHLWH YRQ PP VRZLHIUGHQ7\S%PLWPP .UHLVHOJUXEEHU '.* ‡,GHDO]XP$XIORFNHUQXQG =HUNOHLQHUQYRQ%|GHQ ‡'XUFKNRPSDNWH%DXZHLVHDXFK LQ(QJVWHOOHQHLQVHW]EDU '.* IU*UXQGJHUlW'.6 '.* IU*UXQGJHUlW'.6.UHLVHOJUXEEHU'.*'DWHQXQG3UHLVH '.* '.* '.* '.* 7\SH   $UW1U   7UlJHUIDKU]HXJJU|‰H>W@   *HZLFKWJHVDPWPLW*UXQGJHUlWRKQH$GDSWHU>NJ@   +XEUDXP>FPñ@   +\GUDXOLNGUXFN>EDU@   3XPSHQOHLVWXQJFD>OPLQ@   $UEHLWVGXUFKPHVVHU>PP@   =LQNHQ   3UHLVH[FO0ZVW   3UHLVLQFO0ZVW   )UDFKWNRVWHQH[FO0ZVW )UDFKWNRVWHQLQFO0ZVW

6R PD .HJHOVSDOWHU  /DQGX)RUVWWHFKQLN .HJHOVSDOWHU'*& FFP  '*& 7\SH *HUlWHW\SH+\GUDXOLNPRWRUHQJU|‰H>FFP@ '*& '*& '*& $UW1U 7UlJHUIDKU]HXJJU|‰H>W@ '*& '*& '*& *HZLFKWRKQH$GDSWHU>NJ@ +XEUDXP>FPñ@    +\GUDXOLNGUXFN>EDU@ 3XPSHQOHLVWXQJFD>OPLQ@    .HJHOGXUFKPHVVHU>PP@ .HJHOOlQJH>PP@    $EPD‰HO[E[K *HZLQGHIU$XIQDKPH>PP@ PD[ PD[ PD[ +\GUDXOLNVFKODXFKOlQJH>P@ +\GUDXOLNVFKODXFK1HQQZHLWH    +\GUDXOLNNXSSOXQJHQ 3UHLVH[FO0ZVW    3UHLVLQFO0ZVW )UDFKWNRVWHQH[FO0ZVW    )UDFKWNRVWHQLQFO0ZVW [[ [[ [[ 0 0 0    'Q 'Q 'Q 6FKUDXEN%* 6FKUDXEN%* 6FKUDXEN%*

.UHLVVlJHQ 6R PD 6R PD /DQGX)RUVWWHFKQLN .UHLVVlJHQ /DQGX)RUVWWHFKQLN %LQGHUEHUJHU 6,(*(/ 'LH7LVFKZLSSNUHLVVlJHQVLQGGXUFKLKUH 7:6( NRPELQLHUWH%DXZHLVH]XP%UHQQKRO]VFKQHLGHQ XQG%HVlXPHQJHHLJQHW'LH.UHLVVlJHNDQQLQ 6HNXQGHQVFKQHOOHYRQ7LVFKEHWULHELQ :LSSEHWULHEXPJHEDXWZHUGHQ7:6(= (IIL]LHQ]XQGKRKHU%HGLHQNRPIRUWEHLP %UHQQKRO]VFKQHLGHQVLQGGLH0HUNPDOHGHU 7UDQVSRUWOHLFKWJHPDFKW 5ROOWLVFKVlJH'DGHU%UHQQKRO]YRUVFKXE PLW7UDQVSRUWZDJHQ LPPHUEHUGHQ+DQGKHEHOHUIROJWLVWHLQ +|FKVWPD‰DQ6LFKHUKHLWJHJHEHQ7:6= 57= $QEDXDP6FKOHSSHU 'LH:LSSNUHLVVlJHLQ*DQ]VWDKODXVIKUXQJ :6( :6( LVWGXUFKJUR‰H9ROOJXPPLUHLIHQXQGGXUFK JUR‰H(GHOVWDKODUPHOHLFKWXQGPLWZHQLJ OHLFKWHU7UDQVSRUWPLW .UDIWDXIZDQG]XWUDQVSRUWLHUHQ)UVLFKHUHV NODSSEDUHQ+DQGEJHOQ XQGUDWLRQHOOHV6FKQHLGHQYRQ%UHQQKRO] VRUJHQHLQHJUR‰H:LSSHXQGHLQVSH]LHOOHV )|UGHUEDQG.UHLVVlJH .UHLVVlJHVFKXW]EOHFK  6R PD :LSSNUHLVVlJHQ $QWULHE *HZLFKW $UW1U RKQH0Z6W PLW0Z6W /DQGX)RUVWWHFKQLN NJ    7\SH NJ   6,(*(/ NJ    :6( (0RWRUN: NJ     :6( (0RWRUN: :6= =DSIZHOOH :V(= (0RWRU=DSIZHOOH :LSSNUHLVVlJHQPLW)|UGHUEDQG *HZLFKW $UW1U RKQH0Z6W PLW0Z6W 7\SH $QWULHE NJ    NJ    :V()%(&2 (0RWRUN: :V=)%(&2 =DSIZHOOH 7LVFK:LSSNUHLVVlJHQ *HZLFKW $UW1U RKQH0Z6W PLW0Z6W 7\SH $QWULHE NJ    NJ    7:6( (0RWRUN: NJ    NJ    7:6( (0RWRUN: 7:6= =DSIZHOOH 7:6(= (0RWRU=DSIZHOOH 5ROOWLVFKNUHLVVlJHQ $QWULHE *HZLFKW $UW1U RKQH0Z6W PLW0Z6W   7\SH   57( (0RWRUN: NJ    57= =DSIZHOOH NJ  RKQH0Z6W PLW0Z6W   =XEHK|U )UDFKWNRVWHQSUR6lJH   $UW1U   7\SH   +DUWPHWDOOEODWW$XISUHLVEHL/LHIHUXQJ      +DUWPHWDOOEODWW$XISUHLVEHL/LHIHUXQJ  &URP9DQDGLXPEODWW=lKQH%RKUXQJPP  &URP9DQDGLXPEODWW=lKQH%RKUXQJPP  +DUWPHWDOOEODWW=lKQH%RKUXQJPP  +DUWPHWDOOEODWW=lKQH%RKUXQJPP

6R PD 6R PD +RO]VSDOWHU  /DQGX)RUVWWHFKQLN /DQGX)RUVWWHFKQLN +RO]VSDOWHUOLHJHQG 6,(*(/ %LQGHUEHUJHU*LJDQW 6FKUHLWHQ6LHPLWXQVLQGLH=XNXQIWGHU%UHQQKRO]$XIEHUHLWXQJ *= *LJDQWPLW)DKUZHUN'HU6SDOWJLJDQWLVWHLQ:DDJUHFKWVSDOWHUGHUQHXHVWHQ*HQHUDWLRQ0LWGHPK\GUDXOLVFKHQ +XEJHUVW N|QQHQ JUR‰H 0HQJHQ %UHQQKRO] NUlIWHVFKRQHQGDXIEHUHLWHW ZHUGHQ $QWULHEVDUWHQ ZLH =DSIZHOOH (0RWRU XQG.RPELQDWLRQVPRGHOOH VRZLH GDV RSWLRQDO HUKlOWOLFKH )DKUZHUN PDFKHQ GHQ6SDOWJLJDQWLPPHUXQGEHUDOOHLQVHW]EDU0LWGHPK\GUDXOLVFKHQ+XEJHUVWZLUG GHU +RO]VWDPP DQJHKREHQ LQ GHU )ROJH JHVSDOWHQ XQG GDV IHUWLJH%UHQQKRO]OLHJWLQNRPIRUWDEOHU+|KHDXIGHP$EODJHWLVFK 6SHHG&RQWURO UHJHOWGUXFNDEKlQJLJGDV8PVFKDOWHQYRQ (LOJDQJDXI1RUPDOJHVFKZLQGLJNHLW'LH 6SDOWOHLVWXQJHUK|KWVLFKGDGXUFKELV]XGD LPPHUPLWGHUPD[LPDOHQ*HVFKZLQGLJNHLW JHDUEHLWHWZLUG%*= VWDELOHV6SDOWNUHX]LQ XQGIDFK7HLOXQJOLHIHUEDU6WXQGHQ]lKOHUPLW'UHK]DKODQ]HLJH ,KUH9RUWHLOH'HU6WXQGHQ]lKOHULVWPKHORVXQGHLQIDFK DXIHLQHQ%OLFN *=DXFKEHLlOWHUHQ0RGHOOHQQDFKUVWEDU'LH *LJDQWLQ$UEHLWVVWHOOXQJ$Q]HLJHZHFKVHOW]ZLVFKHQ'UHK]DKOXQG NRPSDNWHU0HWHUKRO]VSDOWHU%HWULHEVVWXQGHQXQGHUP|JOLFKWGDGXUFK RSWLRQDOPLW6HLOZLQGHEHVRQGHUVEHLlOWHUHQ6FKOHSSHUPRGHOOHQGLH 6SHHG&RQWURO HUKlOWOLFK(LQVWHOOXQJGHUULFKWLJHQ=DSIZHOOHQGUHK]DKO 'DV+RO]NDQQQDFKGHP6SDOWHQ 6R PD RKQH%FNHQHQWIHUQWZHUGHQ (LQVFKLHEEDUHU=\OLQGHU± /DQGX)RUVWWHFKQLN 7UDQVSRUWEUHLWH]LUND6FKOHSSHUEUHLWH +\GUK|KHQYHUVWHOOEDUHV6SDOWNUHX] 6,(*(/ UREXVWXQGODQJOHELJ  7RS4XDOLWlWJQVWLJHU3UHLV'HU*LJDQW*KDWHLQHQ=\OLQGHUGXUFKPHVVHUYRQPPXQGHLQHQ.ROEHQGXUFKPHVVHUYRQPP'HU,QKDOWGHV+\GUDXOLNWDQNVEHWUlJWO:HLWHUVEHWUlJWGHU'UXFNLQGHU3XPSHEDUDXIOgOPHQJHLQGHU0LQXWH0HWHUVSDOWHUOLHJHQG7\SH $QWULHE *HZLFKW $UW1U RKQH0Z6W PLW0Z6W*= =DSIZHOOH *( (0RWRUN: NJ   *(= =DSIZHOOH(0RWRUN:  *= =DSIZHOOH NJ   *( (0RWRUN:  *(= =DSIZHOOH(0RWRUN: NJ     NJ    NJ  NJ  )UDFKWSUR6SDOWHU=XEHK|U7\SH $UW1U RKQH0Z6W PLW0Z6W)DKUZHUN 6SDOWNUHX]IDFKE]ZIDFK   6WXQGHQ]lKOHUIU=DSIZHOOHPLW'UHK]DKODQ]HLJH  DXI$QIUDJH

+RO]VSDOWHU 6R PD 6R PD /DQGX)RUVWWHFKQLN .XU]KRO]VSDOWHU /DQGX)RUVWWHFKQLN %LQGHUEHUJHU++63 6,(*(/7HFKQLVFKH'DWHQ7\SH + + +.RPEL= +.RPEL( 63 FP FP FP FP6SDOWOlQJH FP W W W W6SDOWGUXFN W FPVHF FPVHF FPVHF FPVHF FPVHF FPVHF FPVHF FPVHF9RUODXIJHVFKZ FPVHF NJ NJ NJ NJ [[FP [[FP [[FP [[FP5FNODXIJHVFKZ FPVHF*HZLFKW NJ7[%[+ [[FP ,KUH9RUWHLOH 7UDQVSRUWJULII +DQGKHEHOVFKXW] )HXHUYHU]LQNXQJ 3XQNWDQEDX 3XOYHUEHVFKLFKWXQJ *66LFKHUKHLWVSUIXQJ +RO]KDOWHNUDOOHQ +XEK|KHQDEVFKDOWXQJ JUR‰H7UDQVSRUWUlGHU UREXVWXQGODQJOHELJ 7RS4XDOLWlWDXVgVWHUUHLFK.XU]KRO]VSDOWHUWW7\SH 9(0RWRUN: *HZLFKW $UW1U RKQH0Z6W PLW0Z6W+( 9(0RWRUN: NJ   +( NJ   +.= =DSIZHOOHQDQWULHE NJ   +.% %HQ]LQPRWRUN:   +.( 9(0RWRUN:   +.6 6FKOHSSHUK\GUDXOLN   +.(= 9(0RWRUN:=DSIZHOOHQDQWULHE   +.(6 9(0RWRUN:6FKOHSSHUK\GUDXOLN   63= =DSIZHOOHQDQWULHE NJ   63% %HQ]LQPRWRUN:   63(= 9(0RWRUN:=DSIZHOOHQDQWULHE    )UDFKWNRVWHQSUR6SDOWHU

6R PD 6R PD +RO]VSDOWHU  /DQGX)RUVWWHFKQLN /DQGX)RUVWWHFKQLN .XU]KRO]VSDOWHU 6,(*(/ %LQGHUEHUJHU++ 620$6( 63 + +.(= +.( +.(=XEHK|U 6SDOWNUHX]+ $UW1U RKQH0Z6W PLW0Z6W 6SDOWNUHX]+6(6(   7\SH 6WXQGHQ]lKOHUIU(0RWRU  +6.+  +6.+  =%=(  +636. IDFK6SDOWNUHX]63   +6363. IDFK6SDOWNUHX]63 )UDFKWNRVWHQQDFK$XIZDQG  +363 3XQNWDQEDX63

+RO]VSODWHU 6R PD 6R PD /DQGX)RUVWWHFKQLN 0HWHUVSDOWHUVWHKHQG /DQGX)RUVWWHFKQLN %LQGHUEHUJHU+++++ 6,(*(/7HFKQLVFKH'DWHQ7\SH +=+( +=+( +=+( +=+( +=+(6SDOWOlQJH FP FP FP FP FP6SDOWGUXFN W W W W W9RUODXIJHVFKZ FPVHFFPVHF FPVHFFPVHF FPVHFFPVHF FPVHFFPVHF FPVHFFPVHF9RUODXIJHVFKZ FPVHFFPVHF FPVHFFPVHF FPVHFFPVHF FPVHFFPVHF FPVHFFPVHF5FNODXIJHVFKZ FPVHFFPVHF FPVHFFPVHF FPVHFFPVHF FPVHFFPVHF FPVHFFPVHFgOPHQJH3XPSH OPLQ OPLQ OPLQ OPLQ OPLQ,QKDOW+\GUDXOLNWDQN O O O O O*HZLFKW NJ NJ NJ NJ NJ7[%[+ [[FP [[FP [[FP [[FP [[FP,KUH9RUWHLOH 6SHHG&RQWURO 'UHKWHOOHU UHJHOWGUXFNDEKlQJLJGDV8PVFKDOWHQYRQ(LOJDQJ 6SHHG&RQWURO DXI1RUPDOJHVFKZLQGLJNHLW'LH6SDOWOHLVWXQJHUK|KW )HXHUYHU]LQNXQJ VLFKGDGXUFKELV]XGDLPPHUPLWGHU PD[LPDOHQ*HVFKZLQGLJNHLWJHDUEHLWHWZLUG 3XQNWDQEDX 6FKODJNHWWH *66LFKHUKHLWVSUIXQJ DEVHQNEDUHU6SDOW]\OLQGHU +XEK|KHQDEVFKDOWXQJQDFKREHQXQGXQWHQ $EODJHEJHO UREXVWXQGODQJOHELJ 7RS4XDOLWlWDXVgVWHUUHLFK PHFK6WDPPKHEHUVHULHQPl‰LJ0HWHUVSDOWHUVWHKHQG7\SH =DSIZHOOHQDQWULHE *HZLFKW $UW1U RKQH0Z6W PLW0Z6W+= 9(0RWRUN: NJ  +( =DSIZHOOHX(0RWRU   +(=    += =DSIZHOOHQDQWULHE NJ   +( 9(0RWRUN:   +(= =DSIZHOOHX(0RWRU   += =DSIZHOOHQDQWULHE NJ   +( 9(0RWRUN:   +(= =DSIZHOOHX(0RWRU   += =DSIZHOOHQDQWULHE NJ   +( 9(0RWRUN:   +(= =DSIZHOOHX(0RWRU   += =DSIZHOOHQDQWULHE NJ   +(= =DSIZHOOHX(0RWRU      )UDFKWNRVWHQSUR6SDOWHU

6R PD 6R PD +RO]VSDOWHU  /DQGX)RUVWWHFKQLN /DQGX)RUVWWHFKQLN 0HWHUVSDOWHUVWHKHQG 6,(*(/ %LQGHUEHUJHU++++++( += += +==XEHK|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

.UHLVVlJHQ 6R PD /DQGX)RUVWWHFKQLN .UHLVVlJH /lQJHQDQVFKODJDXIGHU 6RPD/DQFPDQ :LSSH 6lJHEODWW' VWDELOH:LSSH 6WW]I‰HPLW+|KHQYHUVWHOOXQJ 3XOYHUEHVFKLFKWXQJ SDVVHQVLHGLH+|KHGHU6lJHDQ LKUH.|USHUJU|‰HDQ ([WUHPUFNHQVFKRQHQGHV$UEHLWHQ %HTXHPHU7UDQVSRUWPLWWHOV 5lGHUQPLW+|KHQYHUVWHOOXQJ,KUH9RUWHLOHDXIHLQHQ%OLFN LGHDOHVhEHUVHW]XQJVYHUKlOWQLV EHL8PLQDQGHU=DSIZHOOH 8PLQDP6lJHEODWW /lQJHQDQVFKODJELVFP QHLJXQJVYHUVWHOOEDUH+RO]UXWVFKH $UEHLWVK|KHYHUVWHOOEDU 7UDQVSRUWUlGHU %HGLHQUROOHLQGHU:LSSH:LSSVlJH7\SH *HZLFKW $UW1U RKQH0Z6W PLW0Z6W /(/' 9(0RWRUN:'LUHNWDQWULHE NJ     /(/ 9(0RWRUN:5LHPHQDQWULHE NJ    /(/ 9(0RWRUN:5LHPHQDQWULHE NJ    /& =DSIZHOOHQDQWULHE   &URP9DQDGLXPEODWW=lKQH%RKUXQJPP  +DUWPHWDOOEODWW=lKQH%RKUXQJPP  )UDFKWNRVWHQSUR.UHLVVlJH

6R PD )|UGHUEDQGNUHLVVlJH  /DQGX)RUVWWHFKQLN )|UGHUEDQGNUHLVVlJH 6RPD/DQFPDQ6DI;&XWUREXVWH:LSSNUHLVVlJHPLW/lQJHQDQVFKODJ K\GUDXOLVFKHVXQGK\GUDXOLVFKHP)|UGHUEDQG/lQJHP+DUWPHWDOOEODWW6HULH 6HNWLRQVI|UGHUEDQGFP)|UGHUEDQGWHOHVNRSLVFKYROOK\GUDXOLVFK /lQJHQDQVFKODJDXIJHVWHXHUW YRQ$UEHLWVLQ7UDQVSRUWSRVLWLRQ :LSSHELVFP7UDQVSRUWK|KHP 3XOYHUEHVFKLFKWXQJQHLJXQJVYHUVWHOOEDUH+RO]UXWVFKHLGHDOHVhEHUVHW]XQJVYHUKlOWQLV 8PLQDQGHU=DSIZHOOH8PLQ6lJHEODWW  +DUWPHWDOO6lJHEODWW 'PP 6R PD VWDELOH:LSSH /DQGX)RUVWWHFKQLN 6,(*(/+DUWPHWDOOVlJHEODWW6HULH)|UGHUEDQGNUHLVVlJH7\SH *HZLFKW $UW1U RKQH0Z6W PLW0Z6W  6$)77 =DSIZHOOHQDQWULHEgOYHUVRUJXQJEHU7UDNWRU NJ   6$)675 =DSIZHOOHQDQWULHE(LJHQ|OYHUVRUJXQJ NJ     &URP9DQDGLXPEODWW=lKQH%RKUXQJPP   +DUWPHWDOOEODWW=lKQH%RKUXQJPP  )UDFKWNRVWHQSUR)|UGHUEDQGNUHLVVlJH 6&+5b**(67(//7(.5(,66b*( HLQIDFKXQGVFKQHOOVFKQHLGHQGXUFKVFKUlJVWHKHQGH:LSSH KRKH6LFKHUKHLWGXUFKREHQJHVFKORVVHQH:LSSH 6lJHEODWWGXUFKPHVVHUPP /lQJHQDQVFKODJYHUVWHOOEDUYRQFPELVFP K\GUDXOLVFKWHOHVNRSLHUEDUHV)|UGHUEDQGPLW PRGHUP/lQJH K\GUDXOLVFKOLQNVXQGUHFKWVVFKZHQNEDU K\GUDXOLVFKHU$QWULHEGHV)|UGHUEDQGHVPLW0HQJHQUHJXODWRU 1HLJXQJVYHUVWHOOXQJEHU+DQGZLQGH gO(LJHQYHUVRUJXQJ +DUWPHWDOOVlJHEODWW6HULH)|UGHUEDQGNUHLVVlJH6DI;&XW7\SH *HZLFKW $UW1U RKQH0Z6W PLW0Z6W  6$);= =DSIZHOOHQDQWULHE NJ   6$);(= =DSIZHOOHQDQWULHE(0RWRU9NZ NJ     6$);0 $XISUHLV)|UGHUEDQGPLWP/lQJH 0  &URP9DQDGLXPEODWW=lKQH%RKUXQJPP   +DUWPHWDOOEODWW=lKQH%RKUXQJPP  )UDFKWNRVWHQSUR6DI;&XW

+RO]VSDOWHU 6R PD /DQGX)RUVWWHFKQLN .XU]KRO]RO]VSDOWHU 6RPD/DQFPDQWWW (03)2+/(1)h5'(1+b86&+/,&+(1*(%5$8&+)h5(,1(1 +$86+$/7%,6P+2/=352-$+5 FP ELVFP ELVFP ELVFP PP FP FP PP PPNJ 63$/7+8% PP6 2ELVFP ELVFP ELVFP FP W PP FP (03)2+/(1)h5'(1+b86/,&+(1*(%5$8&+ )h5(,1(1+$86+$/7%,6P+2/=352-$+5 FP PP PP 63$/7+8% NJ 6 22 PP PP.XU]KRO]VSDOWHUW *HZLFKW $UW1U RKQH0Z6W PLW0Z6W  7\SH NJ   (/ 9N:(OHNWURLQFO6SDOWNUHX] (/ 9N:(OHNWURLQFO6SDOWNUHX] NJ   9%. 9HUEUHLWHUXQJVNHLOIU6SDOWPHVVHU  NJ  )UDFKWNRVWHQSUR6SDOWHU.XU]KRO]VSDOWHUW7\SH *HZLFKW $UW1U RKQH0Z6W PLW0Z6W/9  9(. 9N:(OHNWURLQFO6SDOWNUHX] NJ 9%. YHUOlQJHUWHU6SDOWNHLO   9HUEUHLWHUXQJVNHLOIU6SDOWPHVVHU NJ      NJ  )UDFKWNRVWHQSUR6SDOWHU


Like this book? You can publish your book online for free in a few minutes!
Create your own flipbook