Official Software
Get notified when we add a new BMW530 Manual

We cover 60 BMW vehicles, were you looking for one of these?

BMW - 320D - Owners Manual - 2005 - 2020
1999-06--BMW--Z3 Roadster--6 Cylinders 3.0L FI DOHC--32751102
1999-06--BMW--Z4--6 Cylinders 2.5L MFI DOHC--32881202
BMW - X5 - Workshop Manual - 2006 - 2013
1999-06--BMW--Z3--6 Cylinders 2.8L MFI DOHC--32536602
BMW BMW 2 Series BMW 218 Owners Manuals
1999-06--BMW--325xi AWD--6 Cylinders 2.5L MFI DOHC--32750501
BMW BMW X Series BMW X1 Owners Manuals
BMW - i3 - Workshop Manual - 2015 - 2015
BMW BMW 1 Series BMW 116 Owners Manuals
BMW - 730i - Parts Catalogue - 1988 - 2020
BMW - X3 2.5i - Workshop Manual - 2004 - 2006
1999-06--BMW--M3--6 Cylinders 3.2L MFI DOHC--32536501
BMW - 320i - Owners Manual - 2006 - 2011
BMW - 318i Sedan - Workshop Manual - 1992 - 1998
BMW BMW 5 Series BMW 520 Workshop Manuals
BMW - X3 xDrive28i - Workshop Manual - 2011 - 2020
1999-06--BMW--Z4--6 Cylinders 3.0L FI DOHC--32985902
1999-06--BMW--325i--6 Cylinders 2.5L MFI DOHC--32846801
1999-06--BMW--330Ci--6 Cylinders 3.0L FI DOHC--32750201
BMW BMW Z Series BMW Z3 Workshop Manuals
1999-06--BMW--Z3--6 Cylinders 2.5L MFI DOHC--32536603
BMW - 318i - Workshop Manual - 1990 - 2000
BMW - 118i - Owners Manual - 2004 - 2011
BMW - 328i - Workshop Manual - 1999 - 2005
1999-06--BMW--525i--6 Cylinders 2.5L MFI DOHC--32985001
1999-06--BMW--M5--10 Cylinders 5.0L MFI DOHC--33044401
BMW BMW X Series BMW X5 Workshop Manuals
BMW - 2002 - Workshop Manual - 1972 - 1972
BMW - 540i - Parts Catalogue - 1997 - 2003
BMW - 328xi - Workshop Manual - 2007 - 2020
BMW - 335i - Workshop Manual - 2009 - 2009
1999-06--BMW--323is--6 Cylinders 2.5L MFI DOHC--32536001
1999-06--BMW--325xi AWD--6 Cylinders 3.0L FI DOHC--33064001
1999-06--BMW--760Li--12 Cylinders 6.0L MFI DOHC--32920201
2000-05--BMW--X5 AWD--6 Cylinders 3.0L FI DOHC--32986103
BMW - 320D - Workshop Manual - 2008 - 2008
2000-05--BMW--X5 AWD--8 Cylinders 4.4L MFI DOHC--32605001
1999-06--BMW--Z4--6 Cylinders 2.5L MFI DOHC--32920501
BMW BMW 5 Series BMW 535 Workshop Manuals
BMW - 635CSi - Workshop Manual - 1985 - 1985
BMW - Z4 - Workshop Manual - (2003)
BMW - Z3 roadster 2.5i - Owners Manual - 2000 - 2000
1999-06--BMW--Z4 M Coupe--6 Cylinders 3.2L MFI DOHC--33091901
BMW - X5 - Parts Catalogue - 2000 - 2017
BMW - Z3 - Parts Catalogue - 1996 - 2003
BMW - M4 - Workshop Manual - 2016 - 2016
BMW - 2002Tii - Workshop Manual - 1975 - 1975
BMW - 318i - Owners Manual - 2001 - 2005
BMW - 335i - Workshop Manual - 2007 - 2007
1999-06--BMW--M3--6 Cylinders 3.2L MFI DOHC--32985801
BMW - Z4 - Workshop Manual - (2003)
1970-1988--BMW--635CSi--6 Cylinders 3.5L MFI SOHC--32146501
BMW - Z3 2.8 - Workshop Manual - 1997 - 2000
BMW - Z3 - Repair Guide - (2000)
BMW - X5 4.4i - Workshop Manual - 2000 - 2006
BMW - 325i - Owners Manual - 2003 - 2003
BMW - X3 - Workshop Manual - 2016 - 2016
BMW - Z4 - Repair Guide - (2003)
BMW BMW 3 Series BMW 316 Owners Manuals
Summary of Content
#.8 4FSJFT (SBO 5VSJTNP J J Y%SJWF J J Y%SJWF 5)& #.8 4&3*&4 (3"/ 563*4.0 +0: -07&4 *//07"5*7& -6963: #.8 &GGJDJFOU%ZOBNJDT -FTT FNJTTJPOT .PSF ESJWJOH QMFBTVSF 5IF 6MUJNBUF %SJWJOH .BDIJOFn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n 0GGFSJOH WJTJPOBSZ ESJWJOH UFDIOPMPHJFT BOE VOQBSBMMFMFE MFWFMT PG MVYVSZ FWFO TUPSBHF DPOWFOJFODF JT SBJTFE UP BMM OFX MFWFMT *U T UJNF UP SFJNBHJOF STU DMBTT USBWFM BOE UIF 4FSJFT (SBO 5VSJTNP JT ZPVS WFIJDMF PG DIBOHF 505"--: %*''&3&/5 :&5 505"--: #.8 "T UIF STU WFIJDMF PG JUT LJOE UIF 4FSJFT (SBO 5VSJTNP IBT JUT TIBSF PG FYQFDUBUJPOT UP GVM MM " DMBTTJD DPVQF SPP JOF BOE EZOBNJD GSPOU FOE CPUI SFWFBM JUT TQPSUZ QFSTPOBMJUZ BO BUUJUVEF FOIBODFE CZ UIF BHHSFTTJWF TUBODF BOE MBSHF XIFFMT :FU VOMJLF B TQPSUT DBS UIF 4FSJFT (SBO 5VSJTNP EJTQMBZT BO JNQSFTTJWF FMPOHBUFE TJMIPVFUUF NPSF JO LFFQJOH XJUI UIF OFTU MVYVSZ TFEBOT 5IFO UIFSF JT UIF FYUFOTJWF JOUFSJPS TQBDF BOE EVBM BDDFTT UBJMHBUF GPS JNQSPWFE TUPSBHF DBQBCJMJUJFT BOE FBTJFS MPBEJOH "T B SFTVMU UIF FYUFSJPS CPSSPXT GSPN BMM UISFF DBUFHPSJFT DPVQF TFEBO 4"7n ZFU TUJMM EF FT DMBTTJ DBUJPO "MM PG XIJDI NBLF UIF 4FSJFT (SBO 5VSJTNP UIF UZQF PG WFIJDMF #.8 IBT BMXBZT DSFBUFE BO JOEVTUSZ MFBEFS &YUFSJPS ] 5IF NFBTVSF PG BOZ #.8 JT JUT BCJMJUZ UP JOTQJSF KPZ OPU POMZ GPS ESJWFST CVU GPS QBTTFOHFST BT XFMM *O UIJT SFTQFDU UIF 4FSJFT (SBO 5VSJTNP FYDFMT 8JUI BO FMPOHBUFE QMBUGPSN UIBU IFBSLFOT UP #.8 T NPTU MVYVSJPVT DMBTT MFBEJOH TFEBOT ZPV MM OE OP TIPSUBHF PG MFHSPPN UISPVHIPVU UIF DBCJO -JLFXJTF IFBESPPN JT HFOFSPVT UIF DPNGPSU BNQMJ FE CZ UIF UXP QJFDF 1BOPSBNJD NPPOSPPG UIBU PQFOT VQ UP PGGFS BO JOWJHPSBUJOH EPTF PG GSFTI BJS BOE TVOMJHIU XIJMF ESJWJOH "OE GPS NBYJNVN USBWFMJOH FYJCJMJUZ NVMUJQMF SFBS TFBU GPMEJOH BOE TMJEJOH DPNCJOBUJPOT HJWF ZPV OFX MFWFMT PG DPOWFOJFODF XIFO JU DPNFT UP CPUI QBTTFOHFST BOE DBSHP &YUFSJPS ] "/ 01&/ */7*5"5*0/ 50 &4$"1& .&%*0$3*5: &YUFSJPS ] 5IF FYUFSJPS PG UIF 4FSJFT (SBO 5VSJTNP JT BO PVUTUBOEJOH JOUFSQSFUBUJPO PG #.8 TUZMJOH GSPN JUT NVTDVMBS DPOUPVST UP UIF GSFFMZ JOUFSQSFUFE - TIBQF SFBS UBJMMJHIU DMVTUFST 5IF QISBTF HSBO UVSJTNP EFOPUFT B IJHI QFSGPSNBODF WFIJDMF XJUI GBS NPSF JOUFSJPS TQBDF UIBO B QVSF CSFE TQPSUT DBS "EIFSJOH UP UIJT DPODFQU UIF 4FSJFT (SBO 5VSJTNP CBMBODFT JUT JNQSFTTJWF QFSGPSNBODF XJUI BO FNQIBTJT PO QBTTFOHFS DPNGPSU FTQFDJBMMZ MVYVSJPVT BQQPJOUNFOUT SPPNJOFTT BOE FYJCJMJUZ PG TQBDF 8IFO ZPV FOUFS UIF DBCJO ZPV FODPVOUFS B XPSME PG DIPJDF MFBUIFS VQIPMTUFSZ FYRVJTJUF USJNT BOE UIF QMFOUJGVM OBUVSBM MJHIU PG B 1BOPSBNJD NPPOSPPG BT XFMM BT MBSHF GSBNFMFTT SFBS XJOEPXT B #.8 EFTJHO STU JODIFT *OUFSJPS 5IF SBJTFE TFBUJOH QPTJUJPO NBLFT GPS FBTZ FOUSZ BOE FYJU *U BMTP OPUJDFBCMZ JNQSPWFT WJTJCJMJUZ HJWJOH ZPV BO FOIBODFE GFFMJOH PG ESJWJOH DPO EFODF ] " DMFBS PVUXBSE WJFX JT LFZ UP BOZ #.8 WFIJDMF BOE UIF 4FSJFT (SBO 5VSJTNP PGGFST POF PG UIF NPTU TUVOOJOH QFSTQFDUJWFT BSPVOE " TFNJ DPNNBOE TFBUJOH QPTJUJPO JT B HSFBU XBZ UP TUBSU TMJHIUMZ FMFWBUFE TVQQPSUFE CZ QPXFS .VMUJ DPOUPVS GSPOU TFBUT BOE TVSSPVOEFE CZ B XFBMUI PG FMFHBOU MFBUIFS "MM JOTUSVNFOUBUJPO JT HFOUMZ UJMUFE UPXBSET ZPV UPVDI UIF 4UBSU CVUUPO BOE UIF #MBDL 1BOFM UFDIOPMPHZ PO UIF EBTICPBSE BXBLFOT JMMVNJOBUJOH ESJWJOH EBUB BU KVTU UIF SJHIU FZF MFWFM "MTP XJUIJO FBTZ WJFX JT #.8 T J%SJWF BOE /BWJHBUJPO TZTUFN EJTQMBZ " IPTU PG FOUFSUBJONFOU DPNNVOJDBUJPO BOE OBWJHBUJPO NFOVT DBO BMM CF FBTJMZ TFFO PO UIF J%SJWF NPOJUPS TDSFFO :PV DBO BMTP BEE )FBE VQ %JTQMBZ UP ZPVS WJFX B GFBUVSF UIBU QSPKFDUT ZPVS TQFFE BOE PUIFS JOGPSNBUJPO EJTDSFFUMZ POUP UIF XJOETIJFME (FU UIF MBUFTU JOGPSNBUJPO PO #.8 TUBOEBSE BOE PQUJPOBM GFBUVSFT QBDLBHFT BOE UFDIOJDBM TQFDJ DBUJPOT 7JTJU CNXVTB DPN TFMFDU UIF #.8 NPEFM PG ZPVS DIPJDF BOE DMJDL PO 'FBUVSFT 4QFDT 4&$0/% 308 '*345 $-"44 " XPSME BXBZ GSPN DPOWFOUJPOBM SFBS TFBU QBTTFOHFS TQBDF UIF 4FSJFT (SBO 5VSJTNP SFBS DBCJO CSJOHT VOQBSBMMFMFE MVYVSZ UP B QMBDF XIFSF JU T SBSFMZ TFFO 4QMJU GPMEJOH SFBS TFBUT U UISFF BEVMUT PS DBO CF GPMEFE GPS B FYJCMF DPNCJOBUJPO PG QBTTFOHFST BOE DBSHP 5IF CBDLSFTUT DBO SFDMJOF BT NVDI BT EFHSFFT BOE UIF BMSFBEZ DPQJPVT BNPVOU PG MFHSPPN JT GVSUIFS CPPTUFE CZ VQ UP PG GPSF UP BGU BEKVTUNFOU 5IF 3FBS TFBU FOUFSUBJONFOU GFBUVSF MFUT QBTTFOHFST FOKPZ TFQBSBUF NPWJFT PS HBNFT PO UXP IJHI SFTPMVUJPO TDSFFOT CVJMU JOUP UIF GSPOU TFBU CBDLSFTUT 8IFO ZPV PQU GPS UIF -VYVSZ 3FBS 4FBUJOH 1BDLBHF XJUI UXP JOEJWJEVBM SFBS $PNGPSU TFBUT WFOUJMBUJPO BOE IFBUJOH ZPVS QBTTFOHFST XJMM OE B MFWFM PG TFBUJOH TVQQPSU BOE BEKVTUNFOU PO B QBS XJUI UIF GSPOU TFBUT 5IF DFOUFS DPOTPMF FYUFOET GSPN UIF GSPOU DBCJO UISPVHI UP UIF SFBS PGGFSJOH SFBS QBTTFOHFST BO BSNSFTU TUPSBHF TQBDF BOE DVQIPMEFST GPVS [POF DMJNBUF DPOUSPM BMMPXT TQFDJ D DVTUPNJ[BCMF MFWFMT PG UFNQFSBUVSF TFUUJOHT " SFNPWBCMF QBSUJUJPO TFQBSBUFT UIF DBSHP BSFB GSPN UIF SFBS DBCJO IFMQJOH UP LFFQ PVU SPBE OPJTF XIFO PQFOJOH UIF SFBS USVOL MJE JU IFMQT QSPUFDU SFBS QBTTFOHFST GSPN PVUTJEF XJOE IFBU BOE DPME "OE XIFO JU T UJNF GPS JODSFBTFE DBSHP DBSSZJOH DBQBDJUZ UIF SFBS TFBUT DBO CF GPMEFE EPXO JOEJWJEVBMMZ BU UIF UPVDI PG B CVUUPO UP DSFBUF DV GU PG TQBDF *OEJWJEVBM DPNGPSU TFBUT BSF BWBJMBCMF JO UIF SFBS "EKVTUBCMF JO B NZSJBE PG EJGGFSFOU XBZT UIFTF TFBUT QSPWJEF BO FWFO NPSF SFMBYJOH SJEF GPS SFBS QBTTFOHFST UIF CBDLSFTUT DBO FWFO CF SFDMJOFE BT NVDI BT EFHSFFT (FU UIF MBUFTU JOGPSNBUJPO PO #.8 TUBOEBSE BOE PQUJPOBM GFBUVSFT QBDLBHFT BOE UFDIOJDBM TQFDJ DBUJPOT 7JTJU CNXVTB DPN TFMFDU UIF #.8 NPEFM PG ZPVS DIPJDF BOE DMJDL PO 'FBUVSFT 4QFDT " TFQBSBUF QBSUJUJPO XBMM CFIJOE UIF TFBUT JOTVMBUFT QBTTFOHFST GSPN UIF MVHHBHF DPNQBSUNFOU BOE BOZ PVUTJEF OPJTF DPME PS IFBU XIFO UIF USVOL MJE JT PQFOFE 8IFO UIF QBSUJUJPO XBMM JT VOMPDLFE JUT QPTJUJPO SFBEKVTUT UP BMJHO XJUI UIF QPTJUJPO PG UIF SFBS TFBUT ] 8JUI SFBS TFBUT BMM UIF XBZ CBDL QBTTFOHFST FOKPZ UIF HFOFSPVT MFHSPPN UZQJDBM PG #.8 T MPOH XIFFMCBTF MVYVSZ TFEBOT BMPOH XJUI B DV GU DBSHP DBQBDJUZ 5IF TFBUT DBO BMTP CF NPWFE GPSXBSE CZ JODSFBTJOH DBSHP DPNQBSUNFOU WPMVNF UP BMNPTU DV GU 5BJMPS UIF DPO HVSBUJPO UP TVJU ZPVS DBSHP BOE QBTTFOHFS DBSSZJOH OFFET *OEJWJEVBM $PNGPSU TFBUT DBO CF FMFDUSJDBMMZ DPOUSPMMFE UIF QBSUJUJPO XBMM CBDLSFTUT BOE TFBUT UIFNTFMWFT DBO CF TFQBSBUFMZ BEKVTUFE *OUFSJPS 3FBS TFBUT DBO CF JOEJWJEVBMMZ GPMEFE BMM UIF XBZ EPXO BU UIF UPVDI PG B CVUUPO 8JUI CPUI TFBUT GPMEFE DBSHP DBQBDJUZ HSPXT UP B HFOFSPVT DV GU '-*()54 0' '"/$: "3& /0 -0/(&3 3&453*$5&% 50 5)& 4,*&4 .",& &7&3: %3*7& '&&- -*,& 5)& #&45 5*.& 0' 5)& :&"3 #.8 "( UFTU SFTVMUT J (SBO 5VSJTNP JODSFBTFE SFTQPOTJWFOFTT J Y%SJWF (SBO 5VSJTNP TFDPOET #.8 VSHFT ZPV UP PCFZ BMM QPTUFE TQFFE MBXT BOE BMXBZT XFBS TBGFUZ CFMUT &YUFSJPS ] 5BLF UP UIF SPBE MJLF OFWFS CFGPSF XJUI UXP EZOBNJD FOHJOF BOE USBOTNJTTJPO DPNCJOBUJPOT 6OEFS UIF IPPE PG UIF J BOE J Y%SJWF (SBO 5VSJTNP JT PVS MJUFS IQ 5XJO1PXFS 5VSCP 7 FOHJOF XJUI )JHI 1SFDJTJPO EJSFDU GVFM JOKFDUJPO UFDIOPMPHZ 5IJT JNQSFTTJWF QPXFSQMBOU J PS J Y%SJWF (SBO 5VSJTNP BOE FYQFSJFODF TFOET ZPV SPDLFUJOH GSPN JO KVTU FYIJMBSBUJOH TFDPOET 0S HFU CFIJOE UIF XIFFM PG UIF #.8 T 5XJO1PXFS 5VSCP JOMJOF TJY DZMJOEFS FOHJOF XJUI IQ BOE MC GU PG UPSRVF BU UIF SFBEZ *O BMM NPEFMT BO JOOPWBUJWF TQFFE QFSDFOU FG DJFODZ JO BMM FJHIU HFBST GPS GBTUFS TIJGUJOH BOE 45&1530/*$ BVUPNBUJD USBOTNJTTJPO IBSOFTTFT UIJT QPXFS XJUI NPSF UIBO (FU UIF MBUFTU JOGPSNBUJPO PO #.8 TUBOEBSE BOE PQUJPOBM GFBUVSFT QBDLBHFT BOE UFDIOJDBM TQFDJ DBUJPOT 7JTJU CNXVTB DPN TFMFDU UIF #.8 NPEFM PG ZPVS DIPJDF BOE DMJDL PO 'FBUVSFT 4QFDT (00% 5)*/(4 $0.& */ (306/%#3&",*/( 1"$,"(&4 +VEHJOH CZ UIF 4FSJFT (SBO 5VSJTNP T TUVOOJOH FYUFSJPS ZPV E FYQFDU OPUIJOH MFTT UIBO #.8 T NPTU BEWBODFE FOHJOFFSJOH 0OF PG PVS MBUFTU UFDIOPMPHJFT UP CF GPVOE PO CPBSE JT #SBLF &OFSHZ 3FHFOFSBUJPO 5P TBWF FOFSHZ BOE SFEVDF GVFM DPOTVNQUJPO BO FMFDUSPOJDBMMZ DPOUSPMMFE DMVUDI FOHBHFT BOE EJTFOHBHFT UIF BMUFSOBUPS BMMPXJOH JU UP DIBSHF UIF CBUUFSZ POMZ XIFO UIF WFIJDMF JT EFDFMFSBUJOH PS CSBLJOH 0UIFSXJTF JU GSFFXIFFMT ESBXJOH WJSUVBMMZ OP QPXFS GSPN UIF FOHJOF 0UIFS BEWBODFT JODMVEF B TFMG MFWFMJOH SFBS TVTQFOTJPO UIBU BVUPNBUJDBMMZ EFUFDUT DIBOHFT JO SJEF IFJHIU BU UIF SFBS BOE VTFT BO FMFDUSJDBMMZ QPXFSFE BJS DPNQSFTTPS UP SFCBMBODF UIF WFIJDMF "OE B NVMUJ MJOL GSPOU TVTQFOTJPO LFFQT UIF IBOEMJOH UJHIU BOE TQPSUZ MFUUJOH ZPV UBDLMF FBDI KPZGVM NJMF XJUI QSFDJTJPO BOE HSBDF &YUFSJPS ] &YUFSJPS ] 7FSTBUJMJUZ ] 5)& 4&3*&4 (3"/ 563*4.0 1307*%&4 $-0463& 50 5)& 41"$& 7&3464 41035*/&44 %&#"5& 8IFO UIF SFBS TFBUT BSF NPWFE GPSXBSE BOE UIF QBSUJUJPO XBMM JT VOMPDLFE UIF DBQBDJUZ JODSFBTFT UP DV GU "T B ESJWFS ZPVS OFFET WBSZ GSPN EBZ UP EBZ FTQFDJBMMZ XIFO JU DPNFT UP IBVMJOH WBSZJOH BNPVOUT PG QBTTFOHFST BOE DBSHP :PV OFFE UP CF SFBEZ UP IBOEMF FJUIFS 5IF 4FSJFT (SBO 5VSJTNP XBT EFTJHOFE UP BDDPNNPEBUF CPUI XJUI BO JOOPWBUJWF EVBM BDDFTT UBJMHBUF *O UIF USVOL MJE NPEF BDDFTT UP B TNBMMFS USVOL BSFB JT QSPWJEFE BU UIF UPVDI PG B CVUUPO XIJMF B SFBS QBSUJUJPO LFFQT SFBS TFBU QBTTFOHFST TFQBSBUFE GSPN BOZ JUFNT JO UIF USVOL 8JUI NBYJNVN MFHSPPN BOE MPDLFE QBSUJUJPO XBMM UIF #.8 4FSJFT (SBO 5VSJTNP IBT B TUPSBHF DBQBDJUZ PG DV GU 7FSTBUJMJUZ ] 'PME EPXO UIF SFBS CBDLSFTUT UP BDIJFWF B NBYJNVN TUPSBHF BSFB PG DV GU 5IF TUSJLJOH DPOUPVST PG UIF #.8 4FSJFT (SBO 5VSJTNP BSF FRVBMMFE POMZ CZ JUT JNQSFTTJWF DBQBDJUZ 6OEFS JUT EZOBNJD FMFHBOU TJMIPVFUUF JT B NBTTJWF TUPSBHF TQBDF XJUI WBSJBCMZ BEKVTUBCMF SFBS TFBUT BOE CBDLSFTUT B NPWBCMF QBSUJUJPO XBMM CFUXFFO UIF MVHHBHF DPNQBSU NFOU BOE SFBS TFBUT BOE OVNFSPVT GBTUFOJOH BOE TUPSBHF PQUJPOT 8IFO JU T UJNF UP VTF UIF 4FSJFT (SBO 5VSJTNP GPS JUT NBYJNVN IBVMJOH DBQBDJUZ ZPV SF KVTU UIF QSFTT PG B CVUUPO BXBZ UIF EVBM BDDFTT UBJMHBUF PQFOT VQ UP UIF SFBS DBSHP BSFB XIJDI QSPWJEFT BEEJUJPOBM SPPN XIFO UIF SFBS TFBUT BSF GPMEFE EPXO :PV DBO WBSZ XIJDI TFBUT GPME BMPOH XJUI UIF QBSUJUJPO OVNFSPVT GBTUFOJOH PQUJPOT NBLF JU FBTJFS UP TUPX WJSUVBMMZ BOZ PCKFDU 5IF SFBS DBSHP BSFB GVODUJPOT BT CPUI B USVOL BOE B UBJMHBUF BEESFTTJOH BMM ZPVS OFFET QFSGFDUMZ /FWFS DPNQSPNJTF PO DPNGPSU FWFO XJUI UISFF QBTTFOHFST PO CPBSE #PUI UIF SFBS CBDLSFTUT BOE UIF QBSUJUJPO XBMM DBO CF GPMEFE GPSXBSE JO B TQMJU 7FSTBUJMJUZ ] 1"44*0/ $3&"5&4 *54 08/ &/&3(: 8*5) #3",& &/&3(: 3&(&/&3"5*0/ 40 %0&4 5)& 4&3*&4 (3"/ 563*4.0 *OUSPEVDUJPO ] %*4$07&3 "/ "650.0#*-& 5)"5 4 %3*7&/ #: *%&"4 "/% *//07"5*0/4 "O JOOPWBUJWF DMBTT PG WFIJDMF DSFBUFE GSPN TFFNJOHMZ EJTQBSBUF PCKFDUJWFT #.8 T 4FSJFT (SBO 5VSJTNP EPFT XIBU GFX PUIFS WFIJDMFT DBO EP 'SPN VOEFS UIF IPPE UP CFOFBUI UIF UBJMHBUF JU EFMJWFST NBOZ PG #.8 T NPTU JOTQJSFE UFDIOPMPHJFT :FU XJUI BMM JUT FYDJUJOH GFBUVSFT FWFSZ QBSU PG UIJT WFIJDMF JT B QSPEVDU PG UIF #.8 &G DJFOU%ZOBNJDT QIJMPTPQIZ 5IF JEFB JT TJNQMF DPNCJOF NBYJNVN PVUQVU XJUI NBYJNVN FG DJFODZ *U T SFTQFDU GPS UIF ESJWFS BOE SFTQPOTJCJMJUZ UP UIF FOWJSPONFOU #.8 T FYFDVUJPO PG UIJT DPODFQU IBT MFE UP NBKPS BEWBODFNFOUT UISPVHIPVU UIF BVUPNPUJWF JOEVTUSZ *U T UIF QVSTVJU PG UIJT JEFB UIBU TFSWFT BT UIF DBUBMZTU GPS FWFSZ WFIJDMF XF NBLF *U T IPX XF GVFM PVS QBTTJPO "OE ZPVST *OUSPEVDUJPO ] #.8 &''*$*&/5 %:/".*$4 7&)*$-&4 5)"5 3&26*3& -*55-& "/% (*7& " -05 #.8 XBT POF PG UIF STU BVUPNPUJWF NBOVGBDUVSFST UP QVSTVF FG DJFOU ESJWJOH UFDIOPMPHJFT POF QBSU PG PVS BXBSE XJOOJOH TVTUBJOBCJMJUZ TUSBUFHZ 0VS DPNNJUNFOU UP &G DJFOU%ZOBNJDT NFBOT XF BSF DPOUJOVPVTMZ EFWFMPQJOH JOOPWBUJWF TZTUFNT UIBU CSJOH VT DMPTFS UP PVS MPOH UFSN HPBM PG FNJTTJPOT GSFF NPCJMJUZ )PXFWFS XF SFNBJO FRVBMMZ DPNNJUUFE UP ESJWJOH QMFBTVSF XIJDI JT CFJOH QVSTVFE JO EJGGFSFOU XBZT 'JSTU UIFSF JT UIF DPOUJOVJOH PQUJNJ[BUJPO PG DPOWFOUJPOBM EJFTFM BOE HBTPMJOF QPXFSFE NPEFMT 4FDPOE #.8 IZCSJE WFIJDMFT BSF BMSFBEZ PO UIF SPBE 5IJSE UIF STU FMFDUSJDBMMZ QPXFSFE #.8 UIF #.8 "DUJWF& JT CFJOH EJTUSJCVUFE JO B FME USJBM UP DVTUPNFST "OE GPVSUI UIF FFU PG #.8 )ZESPHFO WFIJDMFT JNQSFTTJWFMZ EFNPOTUSBUFE UIF QPUFOUJBM GPS DPNCJOJOH IZESPHFO ESJWF XJUI B DPNCVTUJPO FOHJOF QFSDFOU #.8 IBT SPMMFE PVU NPSF UIBO UXP NJMMJPO WFIJDMFT FRVJQQFE XJUI &G DJFOU%ZOBNJDT 4JODF #.8 IBT CFFO BCMF UP SFEVDF UIF $0 FNJTTJPOT PG JUT FOUJSF FFU CZ BQQSPYJNBUFMZ NPEFMT BMSFBEZ QSPEVDF MFTT UIBO H PG $0 QFS NJMF BOE #.8 JOUFOET UP BDIJFWF B GVSUIFS QFSDFOU SFEVDUJPO CZ #.8 &G DJFOU%ZOBNJDT SFQSFTFOUT UIF NPTU DPNQSFIFOTJWF QBDLBHF PG JOOPWBUJWF UFDIOPMPHJFT DVSSFOUMZ JO QSPEVDUJPO GPS SFEVDJOH GVFM DPOTVNQUJPO BOE FNJTTJPOT XIJMF TJNVMUBOFPVTMZ DSFBUJOH 5IF 6MUJNBUF %SJWJOH .BDIJOF n %JGGFSFOU QBUIT UP UIF TBNF EFTUJOBUJPO VONJTUBLBCMF #.8 ESJWJOH QMFBTVSF *O FBSMZ #.8 MBVODIFE JUT STU QSPEVDUJPO NPEFMT XJUI IZCSJE ESJWF UIF #.8 "DUJWF)ZCSJE BOE UIF #.8 "DUJWF)ZCSJE 9 #PUI NPEFMT PGGFS BO VOQBSBMMFMFE DPNCJOBUJPO PG JODSFBTFE GVFM FG DJFODZ SFEVDFE FNJTTJPOT BOE UISJMMJOH QFSGPSNBODF 5IF #.8 "DUJWF& XJUI JUT JOOPWBUJWF FMFDUSJD ESJWF TZTUFN XJMM JOUSPEVDF B XIPMF OFX GPSN PG EZOBNJD QFSGPSNBODF QBWJOH UIF XBZ GPS UIF GVUVSF PG FNJTTJPOT GSFF NPCJMJUZ 'JOBMMZ B DPNQMFUFMZ OFX WFIJDMF DPODFQU UBSHFUFE BU NFFUJOH UIF OFFE GPS TVTUBJOBCMF NPCJMJUZ JO GBTU HSPXJOH NFUSPQPMJUBO BSFBT XJMM TPPO CFDPNF SFBMJUZ UIF #.8 J #.8 7JTJPO &G DJFOU%ZOBNJDT 7JTJPO CFDPNFT SFBMJUZ *O #.8 QMBOT UP EFCVU UIF #.8 7JTJPO &G DJFOU%ZOBNJDT UFTU NPEFM B TQPSUT DBS GFBUVSJOH HSPVOE CSFBLJOH QMVH JO IZCSJE UFDIOPMPHZ UIBU DPNCJOFT TQPSUT DBS QFSGPSNBODF XJUI DPNQBDU DMBTT DPOTVNQUJPO 1PXFSFE CZ UIF MBUFTU HFOFSBUJPO GVMM IZCSJE TZTUFN UIF WFIJDMF JO DPODFQU GPSN HFOFSBUFT B UPUBM PG IQ UISPVHI B IQ UISFF DZMJOEFS UVSCP EJFTFM FOHJOF XJUI MC GU PG UPSRVF BT XFMM BT B IZCSJE TZODISPOPVT FOHJOF PO UIF GSPOU BYMF BOE GVMMZ IZCSJE ESJWF TZTUFN PO UIF SFBS BYMF 8JUI B SBOHF PG VQ UP NJMFT JUT SBUJP PG QFSGPSNBODF UP GVFM DPOTVNQUJPO JT XJUIPVU FRVBM QPTJUJPOJOH #.8 BT UIF XPSME T MFBEJOH NBOVGBDUVSFS PG FYDFQUJPOBMMZ FG DJFOU TQPSUZ WFIJDMFT CNXVTB DPN &G DJFOU%ZOBNJDT "FSPEZOBNJDT 5IF NPSF TNPPUIMZ UIBU BJS PXT PWFS B WFIJDMF UIF NPSF FG DJFOUMZ JU DBO PQFSBUF "MM #.8T BSF EFTJHOFE GPS B MPX DPFG DJFOU PG BFSPEZOBNJD ESBH XIJDI USBOTMBUFT JOUP RVJDLFS BDDFMFSBUJPO NPSF TUBCMF IBOEMJOH RVJFUFS PQFSBUJPO BOE HSFBUFS GVFM FG DJFODZ " #.8 T JOUFHSBUFE GSPOU TQPJMFST SFEVDF UIF BNPVOU PG BJS PXJOH VOEFSOFBUI NJOJNJ[JOH GSPOU FOE MJGU 5IJT BMMPXT B #.8 UP IVH UIF SPBE BU IJHIFS TQFFET GPS FYDFMMFOU TUBCJMJUZ 5)& #.8 4&3*&4 (3"/ 563*4.0 4 &''*$*&/5 %:/".*$4 */*5*"5*7& "5 " (-"/$& )JHI 1SFDJTJPO *OKFDUJPO 5VSCPDIBSHJOH JT USBEJUJPOBMMZ LOPXO GPS CPPTUJOH QPXFS BU UIF FYQFOTF PG GVFM FG DJFODZ #.8 5XJO1PXFS 5VSCP FOHJOFT XJUI QJF[P EJSFDU GVFM JOKFDUJPO IPXFWFS JOKFDU HBTPMJOF BU IJHI QSFTTVSF BOE XJUI FYUSFNF QSFDJTJPO JOUP FBDI DZMJOEFS "OE UIBOLT UP #.8 T GBTU BOE FYJCMF FMFDUSPOJD DPOUSPM TZTUFN CPUI UIF UJNJOH BOE RVBOUJUZ PG UIF GVFM JOKFDUJPOT DBO CF QSFDJTFMZ BEKVTUFE UP ESJWJOH DPOEJUJPOT "T B SFTVMU #.8 WFIJDMFT BDIJFWF FYDFMMFOU GVFM FG DJFODZ #SBLF &OFSHZ 3FHFOFSBUJPO 5P TVQQMZ B CBUUFSZ XJUI FMFDUSJDBM FOFSHZ UIF HFOFSBUPS BMUFSOBUPS VTVBMMZ OFFET FOHJOF QPXFS XIJDI SFRVJSFT GVFM 8JUI #SBLF &OFSHZ 3FHFOFSBUJPO UIF HFOFSBUPS QSPEVDFT FMFDUSJDJUZ XIFO UIF ESJWFS CSBLFT PS UBLFT B GPPU PGG UIF BDDFMFSBUPS 1SFWJPVTMZ VOIBSOFTTFE LJOFUJD FOFSHZ JT USBOT GPSNFE JOUP FMFDUSJDBM FOFSHZ UIFO GFE JOUP UIF CBUUFSZ HFOFSBUJOH FMFDUSJDJUZ XJUIPVU VTJOH GVFM -FTT FNJTTJPOT .PSF ESJWJOH QMFBTVSF #.8 &GGJDJFOU%ZOBNJDT -JHIUXFJHIU DPOTUSVDUJPO 0VS FOHJOFFST VTF MJHIUXFJHIU BMVNJOVN UISPVHIPVU PVS WFIJDMFT JO UIF EPPST GPS FYBNQMF PS GPS UIF TVTQFOTJPO #.8 T JOMJOF TJY DZMJOEFS BOE 7 5XJO1PXFS 5VSCP FOHJOFT BSF BMM BMVNJOVN 5BLFO UPHFUIFS UIFTF XFJHIU TBWJOHT MFBE UP MPXFS GVFM DPOTVNQUJPO BOE CFUUFS BYMF MPBE EJTUSJCVUJPO GPS NPSF BHJMJUZ FTQFDJBMMZ JO DVSWFT 5XJO1PXFS 5VSCP FOHJOFT #FOF UJOH GSPN #.8 T 5XJO1PXFS 5VSCP UFDIOPMPHZ CPUI 4FSJFT (SBO 5VSJTNP FOHJOFT EFMJWFS RVJDL BDDFMFSBUJPO XIJMF WJSUVBMMZ FMJNJOBUJOH UVSCP MBH 'VFM FDPOPNZ JT TUSPOH BT XFMM UIBOLT UP QSFDJTF QJF[P EJSFDU GVFM JOKFDUJPO %PVCMF 7"/04 7"/04 JT #.8 T WBMWF UJNJOH TZTUFN UIBU DBO TUFQMFTTMZ WBSZ UIF QPJOUT JO UIF DPNCVTUJPO DZDMF XIFO WBMWFT PQFO BOE DMPTF %PVCMF 7"/04 SFGFST UP UIF GBDU UIBU JU PQFSBUFT PO CPUI UIF JOUBLF BOE FYIBVTU DBNTIBGUT &MFDUSPOJDBMMZ DPOUSPMMFE JO SFTQPOTF UP FOHJOF TQFFE MPBE BOE UFNQFSBUVSF 7"/04 SFEVDFT FNJTTJPOT BOE FOIBODFT MPX UP NFEJVN TQFFE UPSRVF BT XFMM BT GVFM FG DJFODZ TQFFE 45&1530/*$ BVUPNBUJD USBOTNJTTJPO 5IF QBSUJDVMBSMZ TNPPUI HFBS TIJGUT PG UIF OFX TQFFE BVUPNBUJD USBOTNJTTJPO QSPEVDF HSFBUFS FOHJOF FG DJFODZ BU FWFSZ FOHJOF TQFFE 5IF TNPPUIFS TIJGUT SFTVMU JO SFEVDFE GVFM DPOTVNQUJPO -FTT FNJTTJPOT .PSF ESJWJOH QMFBTVSF #.8 &GGJDJFOU%ZOBNJDT #PUI UIF #.8 5XJO1PXFS 5VSCP JOMJOF TJY DZMJOEFS BOE 7 FOHJOF TIPXO BSF IBSOFTTFE UP BO TQFFE 45&1530/*$ BVUPNBUJD USBOTNJTTJPO GPS BTUPOJTIJOHMZ TNPPUI BOE SBQJE BDDFMFSBUJPO (FU UIF MBUFTU JOGPSNBUJPO PO #.8 TUBOEBSE BOE PQUJPOBM GFBUVSFT QBDLBHFT BOE UFDIOJDBM TQFDJ DBUJPOT 7JTJU CNXVTB DPN TFMFDU UIF #.8 NPEFM PG ZPVS DIPJDF BOE DMJDL PO 'FBUVSFT 4QFDT /P MFTT JNQSFTTJWF JT UIF IQ JOMJOF TJY DZMJOEFS 5XJO1PXFS 5VSCP FOHJOF JO UIF J BOE J Y%SJWF (SBO 5VSJTNP 8JUI MC GU PG UPSRVF UIBU LJDLT JO BU KVTU SQN IJU UIF UISPUUMF J BOE BOE JO KVTU TFDPOET ZPV SF TBJMJOH QBTU NQI :FU MJLF UIF 7 FOHJOF JO UIF J Y%SJWF (SBO 5VSJTNP JU T BMTP POF PG UIF NPTU GVFM FG DJFOU UVSCPDIBSHFE QPXFSQMBOUT BWBJMBCMF "U #.8 KVTU BT UIFSF T OP TVDI UIJOH BT TUSJWJOH GPS TFDPOE QMBDF UIFSF T BMTP OP SPPN GPS MFTT UIBO JOTQJSJOH QPXFS 5BLF GPS FYBNQMF UIF QPXFSQMBOU VOEFS UIF IPPE PG UIF J BOE J Y%SJWF (SBO 5VSJTNP %FTJHOFE GPS SFMJBCMZ TNPPUI BOE RVJDL BDDFMFSBUJPO UIJT 5XJO1PXFS 5VSCP 7 TFSWFT VQ IQ PG QVSF FYIJMBSBUJPO XJUI B XJEF QPXFSCBOE BOE USVMZ JOTQJSJOH UPQ TQFFE 5IF MC GU PG NBYJNVN UPSRVF JT BWBJMBCMF PWFS BO FYUSFNFMZ CSPBE SBOHF GSPN UP SQN 8JUI B TUBOETUJMM UP UJNF PG TFDPOET JU T KVTU UIF LJOE PG USBDL JOTQJSFE NVTDMF UIBU CVJMU #.8 T GPSNJEBCMF SFQVUBUJPO &OHJOF TQFFE SQN 5PSRVF MC GU 0VUQVU IPSTFQPXFS &OHJOFT ] 0VUQVU IPSTFQPXFS #.8 "( UFTU SFTVMUT J Y%SJWF (SBO 5VSJTNP MBXT BOE BMXBZT XFBS TBGFUZ CFMUT #.8 "( UFTU SFTVMUT J Y%SJWF (SBO 5VSJTNP MBXT BOE BMXBZT XFBS TBGFUZ CFMUT TFDPOET TFDPOET J (SBO 5VSJTNP #.8 VSHFT ZPV UP PCFZ BMM QPTUFE TQFFE J (SBO 5VSJTNP #.8 VSHFT ZPV UP PCFZ BMM QPTUFE TQFFE #PUI FOHJOFT BSF QBJSFE XJUI B HSPVOECSFBLJOH TQFFE 45&1530/*$ BVUPNBUJD USBOTNJTTJPO 4NPPUI TIJGUJOH BOE TQPSUZ UIJT USBOTNJTTJPO GFBUVSFT UBMMFS DSVJTJOH HFBST BOE B VOJRVF HFBS BSSBOHFNFOU GPS BO VOVTVBMMZ IJHI FG DJFODZ PG QFSDFOU JO BMM FJHIU HFBST " GBTUFS TIJGU UJNF BMTP JNQSPWFT GVFM FG DJFODZ UIBU T #.8 T &G DJFOU%ZOBNJDT JO BDUJPO 8IBU NBLFT UIFTF FOHJOFT TP SFWPMVUJPOBSZ JT #.8 T &G DJFOU%ZOBNJDT NBOEBUF 'PS BMM JUT EBVOUJOH QPXFS #.8 T 5XJO1PXFS 5VSCP 7 JT JODSFEJCMZ GVFM FG DJFOU PXJOH UP JUT VOJRVF UVSCPDIBSHFS DPOTUSVDUJPO BOE QMBDFNFOU "OPUIFS DPOUSJCVUJOH GBDUPS UIF )JHI 1SFDJTJPO EJSFDU JOKFDUJPO SFHVMBUFT GVFM VTBHF TP QSFDJTFMZ UIBU JU BDUVBMMZ MPXFST UIF WFIJDMF T FNJTTJPOT CZ VQ UP QFSDFOU NFFUJOH 6 4 6MUSB -PX &NJTTJPO 7FIJDMF 6-&7 MJNJUT )*() 1&3'03."/$& *4 5)& 130%6$5 0' )*()&3 45"/%"3%4 5IF 5XJO1PXFS 5VSCP 7 FOHJOF JO UIF J BOE J Y%SJWF (SBO 5VSJTNP EFWFMPQT CSFBUIUBLJOH UPSRVF FBSMZ PO BOE B QPXFS DVSWF UIBU HSPXT BMM UIF XBZ UP SQN "MPOH XJUI TNPPUI BOE RVJFU SVOOJOH JO BOZ SFW SBOHF JU EFMJWFST UPUBM DPNGPSU BOE DPOUSPM 5PSRVF MC GU 8IJMF ZPV ESJWF Y%SJWF JT DPOTUBOUMZ BTTFTTJOH EBUB QSPWJEFE CZ UIF WFIJDMF TFOTPST TVDI BT XIFFM SPUBUJPO TQFFE TUFFSJOH BOHMF ZBX SBUF BOE FOHJOF UPSRVF 4P UIF TZTUFN BMXBZT LOPXT XIFO UP JOUFSWFOF BOE DBO JOTUBOUMZ BEKVTU UIF EJTUSJCVUJPO PG ESJWF QPXFS CFUXFFO UIF GSPOU BOE SFBS BYMFT UP CFTU TVJU UIF DVSSFOU ESJWJOH TJUVBUJPO 1PXFS TQMJU CFUXFFO SFBS BYMF #.8 4 Y%3*7& */5&--*(&/5 "-- 8)&&- %3*7& )&-14 :06 45": */ $0/'*%&/5 $0/530- GSPOU BYMF 4VEEFO TIPXFST SPBET DPWFSFE JO XFU MFBWFT PS TOPX DPOEJUJPOT UIBU VTVBMMZ NBLF ESJWJOH EJG DVMU BSF FBTJMZ PWFSDPNF CZ 4FSJFT (SBO 5VSJTNP NPEFMT XJUI Y%SJWF JOUFMMJHFOU BMM XIFFM ESJWF 5IJT TZTUFN DPNCJOFT UIF BUIMFUJD IBOEMJOH PG UIF 4FSJFT (SBO 5VSJTNP XJUI UIF CFOF UT PG B MJHIUOJOH GBTU BMM XIFFM ESJWF TZTUFN 5IF SFTVMU B OPUJDFBCMF JODSFBTF JO UIF WFIJDMF T BMSFBEZ JNQSFTTJWF USBDUJPO BOE SPBE IPMEJOH DBQBCJMJUJFT FWFO JO JODMFNFOU XFBUIFS PS PO DIBMMFOHJOH SPBE TVSGBDFT #.8 T Y%SJWF JOUFMMJHFOU BMM XIFFM ESJWF DPOTUBOUMZ FWBMVBUFT UIF WFIJDMF T FMFDUSPOJD EBUB TVDI BT XIFFM SPUBUJPO TQFFE TUFFSJOH BOHMF ZBX SBUF BOE FOHJOF UPSRVF UP EFUFSNJOF XIFUIFS UIF WFIJDMF JT BDDVSBUFMZ SFQSPEVDJOH UIF EJSFDUJPOT QSPWJEFE CZ UIF TUFFSJOH XIFFM PS XIFUIFS JU JT UFOEJOH UP PWFSTUFFS PS VOEFSTUFFS #BTFE PO UIJT EBUB Y%SJWF TFBNMFTTMZ EJWJEFT ESJWF QPXFS CFUXFFO UIF GSPOU BOE SFBS BYMFT 8IFO DPSOFSJOH JG UIF GSPOU XIFFMT TMJEF UPXBSET UIF PVUTJEF PG UIF CFOE UIBU JT JG UIF WFIJDMF UISFBUFOT UP VOEFSTUFFS UIF FMFDUSPOJDBMMZ DPOUSPMMFE NVMUJ QMBUF DMVUDI USBOTGFST ESJWF QPXFS GSPN UIF GSPOU UP UIF SFBS XIFFMT JO UIF CMJOL PG BO FZF UIVT QSFWFOUJOH VOEFSTUFFSJOH CFGPSF JU FWFO IBQQFOT :PV DBO FOKPZ UIF EZOBNJD QFSGPSNBODF PG UIF #.8 4FSJFT (SBO 5VSJTNP UP UIF GVMMFTU JO BOZ TJUVBUJPO %&4*(/&% 50 %&-*7&3 0/& 07&33*%*/( 4&/4"5*0/ %3*7*/( 1-&"463& 8IFO #.8 FOHJOFFST EFWFMPQ UIF TVTQFOTJPO BOE TUFFSJOH TZTUFNT PG BOZ OFX WFIJDMF UIFZ QVSTVF UXP TFFNJOHMZ DPOUSBEJDUPSZ HPBMT UIF ESJWFS NVTU CF BCMF UP GFFM B EJSFDU DPOUBDU XJUI UIF SPBE XIJMF QBTTFOHFST BSF CVGGFSFE GSPN SPVHI SPBE TVSGBDFT *U T UIJT EFMJDBUF CBMBODF UIBU QSPEVDFT UIF VOQBSBMMFMFE #.8 ESJWJOH GFFM BOE XIZ XF VTF QSPWFO EFTJHO DPODFQUT TVDI BT SFBS XIFFM ESJWF BOE OFBS QFSGFDU XFJHIU EJTUSJCVUJPO 5IF BEWBODFE TVTQFOTJPO UFDIOPMPHZ JO UIF 4FSJFT (SBO 5VSJTNP BEET UP CPUI JUT FYDFQUJPOBM MFWFM PG SJEF DPNGPSU BOE JUT VOJRVFMZ BHJMF IBOEMJOH GPS B MVYVSZ WFIJDMF *O GSPOU NVMUJ MJOL EPVCMF QJWPU TQSJOH TUSVU UFDIOPMPHZ SFEVDFT EBNBHJOH MPOHJUVEJOBM BOE MBUFSBM GPSDFT XIJMF TJNVMUBOFPVTMZ JODSFBTJOH DPOUBDU XJUI UIF SPBE 5IF JOUFHSBM NVMUJ MJOL TFMG MFWFMJOH SFBS TVTQFOTJPO VTFT BJS QSFTTVSF UP NBJOUBJO B DPNGPSUBCMF SJEF XIFOFWFS TFOTPST SFDPHOJ[F DIBOHFT JO WFIJDMF MPBE PS SJEF IFJHIU PS JG POF PG UIF SFBS UJSFT TVGGFST B MPTT PG QSFTTVSF *OUFHSBM "DUJWF 4UFFSJOH 8JUI *OUFHSBM "DUJWF 4UFFSJOH BU TQFFET VQ UP NQI B TNBMM UVSO PG UIF TUFFSJOH XIFFM ZJFMET B HSFBUFS UVSO PG UIF GSPOU XIFFMT GPS NPSF EJSFDU SFTQPOTF *U BMTP TUFFST UIF SFBS XIFFMT VQ UP UISFF EFHSFFT JO UIF PQQPTJUF EJSFDUJPO HJWJOH UIF FGGFDU PG B TIPSUFOFE XIFFMCBTF GPS FOIBODFE NBOFVWFSBCJMJUZ 8IFO DIBOHJOH MBOFT BU TQFFET PWFS NQI CPUI GSPOU BOE SFBS XIFFMT UVSO JO UIF TBNF EJSFDUJPO HJWJOH UIF GFFM PG BO FYUFOEFE XIFFMCBTF 8IJMF ZPV FYQFSJFODF HSFBUFS SFTQPOTJWFOFTT BOE EJSFDUJPOBM TUBCJMJUZ ZPVS QBTTFOHFST FOKPZ HSFBUFS SJEF DPNGPSU GSPN SFEVDFE CPEZ SPMM "EBQUJWF %SJWF "EBQUJWF %SJWF DPNCJOFT QFSGPSNBODF FMFWBUJOH "DUJWF 3PMM 4UBCJMJ[BUJPO "34 BOE SJEF FOIBODJOH %ZOBNJD %BNQJOH $POUSPM %%$ 5IF WFIJDMF T CPEZ UFOET UP SPMM JO DPSOFST BGGFDUJOH IBOEMJOH "34 UXJTUT TQFDJBM UXP QJFDF BOUJ SPMM CBST UP HFOFSBUF TUSPOHFS SFTJTUBODF UP CPEZ SPMM LFFQJOH UIF WFIJDMF NPSF MFWFM BOE QSPWJEJOH NBYJNVN TUBCJMJUZ BOE BHJMJUZ %%$ PO UIF PUIFS IBOE JOTUBOUMZ BEKVTUT TIPDL BCTPSCFST GSPN UIF TPGUFTU UP UIF SNFTU TFUUJOHT 5IF SFTVMU JT FYDFQUJPOBM SJEF DPNGPSU BOE VJE IBOEMJOH BU BMM UJNFT EVSJOH DIBOHFT JO WFIJDMF TQFFE MPBE PS SPBE BOE ESJWJOH DPOEJUJPOT %SJWJOH %ZOBNJDT $POUSPM (JWFT UIF 4FSJFT (SBO 5VSJTNP B IBOEMJOH BOE QFS GPSNBODF BUUJUVEF BEKVTUNFOU BU UIF QVTI PG B CVUUPO PO UIF DPOTPMF $IPPTF GSPN GPVS TFUUJOHT $0.'035 /03."- 41035 BOE 41035 UP BEKVTU FOHJOF UISPUUMF SFTQPOTF USBOTNJTTJPO TIJGU DIBSBDUFSJTUJDT BOE QPXFS TUFFSJOH BTTJTU *O BEEJUJPO UIF USBDUJPO DPOUSPM GFBUVSF DBO CF EJTFOHBHFE XIFO ESJWJOH PO TBOE HSBWFM PS EFFQ PS QBDLFE TOPX NQI Y%SJWF ] 4VTQFOTJPO ] %SJWJOH UFDIOPMPHZ 6Q UP NQI BOE BCPWF ] " #.8 )&-14 :06 &95&/% :063 4&/4&4 "/% :063 %&'&/4&4 (P #.8 /JHIU 7JTJPO XJUI 1FEFTUSJBO %FUFDUJPO 4BGFUZ )FBE VQ %JTQMBZ ] "DUJWF )FBE 3FTUSBJOUT #.8 T BUUFOUJPO UP QBTTFOHFS TBGFUZ EPFTO U FOE BGUFS BO BDDJEFOU IBT PDDVSSFE )B[BSE MJHIUT BSF BVUPNBUJDBMMZ BDUJWBUFE JOUFSJPS MJHIUT UVSOFE PO BOE EPPST VOMPDLFE UP GBDJMJUBUF SFTDVF PQFSBUJPOT 5IF GVFM QVNQ BOE CBUUFSZ BSF EJTDPOOFDUFE *O BEEJUJPO UIF #.8 "TTJTU TZTUFN XJMM BVUPNBUJDBMMZ USBOTNJU ZPVS WFIJDMF T MPDBUJPO BOE DSBTI JOGPSNBUJPO TVDI BT BJSCBH EFQMPZNFOU TFBU PDDVQBUJPO PS UIF TJEF PG JNQBDU UP B SFTQPOTF TQFDJBMJTU XIP XJMM UIFO TQFBL UP ZPV UP EFUFSNJOF JG ZPV BSF BMM SJHIU &WFO JG ZPV DBOOPU SFTQPOE UP UIFJS DBMM B TFDPOE SFTQPOTF TQFDJBMJTU XJMM SFRVFTU EJTQBUDI PG BQQSPQSJBUF FNFSHFODZ TFSWJDFT UP ZPVS MPDBUJPO (FU UIF MBUFTU JOGPSNBUJPO PO #.8 TUBOEBSE BOE PQUJPOBM GFBUVSFT QBDLBHFT BOE UFDIOJDBM TQFDJ DBUJPOT 7JTJU CNXVTB DPN TFMFDU UIF #.8 NPEFM PG ZPVS DIPJDF BOE DMJDL PO 'FBUVSFT 4QFDT *O DBTF PG BO BDDJEFOU UIF 4FSJFT (SBO 5VSJTNP JT FRVJQQFE XJUI B DPNQSFIFOTJWF QBTTJWF TBGFUZ TZTUFN 'JSTU BOE GPSFNPTU JT UIF QBTTFOHFS DFMM B IJHIMZ SJHJE IZCSJE DPOTUSVDUJPO PG IJHI TUSFOHUI TUFFM BOE BMVNJOVN *O B IJHI TQFFE DPMMJTJPO JU JT EFTJHOFE UP EJSFDU DSBTI GPSDFT BSPVOE UIF QBTTFOHFS DBCJO XIJMF EFGPSNJOH JO B QSFEFUFSNJOFE QBUUFSO *O B GSBDUJPO PG B TFDPOE B TPQIJTUJDBUFE OFUXPSL PG TFOTPST UISPVHIPVU UIF WFIJDMF EFUFSNJOFT UIF UZQF PG BDDJEFOU BOE JT EFTJHOFE UP USJHHFS UIF BQQSPQSJBUF TBGFUZ GFBUVSF T 5IFTF NBZ JODMVEF TBGFUZ CFMU QSFUFOTJPOFST GSPOU TFBU "DUJWF )FBE 3FTUSBJOUT EVBM TUBHF GSPOU BJSCBHT TFBU NPVOUFE TJEF JNQBDU BJSCBHT BOE DVSUBJO UZQF GSPOU UP SFBS )FBE 1SPUFDUJPO 4ZTUFN "U #.8 UIFSF BSF UXP UZQFT PG TBGFUZ FOHJOFFSJOH 5IFSF BSF BDUJWF TBGFUZ GFBUVSFT MJLF B #.8 T RVJDL BDDFMFSBUJPO BHJMF IBOEMJOH BOE NBTTJWF GBEF SFTJTUBOU CSBLFT XIJDI IFMQ ZPV BWPJE BDDJEFOUT %SJWJOH BJET TVDI BT /JHIU 7JTJPO XJUI 1FEFTUSJBO %FUFDUJPO BOE "DUJWF #MJOE 4QPU %FUFDUJPO BMTP IFMQ BMFSU ZPV UP QPUFOUJBM EBOHFST UIBU ZPV NJHIU OPU PUIFSXJTF TFF #.8T BMTP PGGFS QBTTJWF TBGFUZ GFBUVSFT MJLF TBGFUZ CFMUT BJSCBHT BOE "DUJWF )FBE 3FTUSBJOUT XIJDI IFMQ QSPUFDU ZPV JO DBTF BO BDDJEFOU DBOOPU CF BWPJEFE "OE JU T SFBTTVSJOH UP LOPX UIBU TIPVME BO JNQBDU PDDVS ZPVS #.8 DBO FWFO TVNNPO BTTJTUBODF BOE QSPWJEF FBTZ BDDFTT UP FNFSHFODZ BJE XPSLFST "U #.8 TBGFUZ FOHJOFFSJOH BMTP DPNFT VOEFS UIF DBUFHPSZ PG IJHI QFSGPSNBODF "DUJWF $SVJTF $POUSPM XJUI 4UPQ $PO EFODF JT BO JOUFHSBM JOHSFEJFOU JO ESJWJOH FOKPZNFOU 5IBU T XIZ #.8 PGGFST BO JNQSFTTJWF BSSBZ PG ESJWJOH BJET EFTJHOFE UP LFFQ ZPV JOGPSNFE XJUIPVU EJTUSBDUJOH ZPV GSPN UIF KPC BU IBOE "DUJWF $SVJTF $POUSPM XJUI 4UPQ (P VTFT SBEBS NFBTVSFNFOUT UP BVUPNBUJDBMMZ NBJOUBJO B QSFTFU TQFFE BOE EJTUBODF CFUXFFO ZPVS WFIJDMF BOE UIF POF BIFBE FWFO JO IFBWZ SVTI IPVS USBG D UIF 'PSXBSE $PMMJTJPO 8BSOJOH GFBUVSF TPVOET BO BMFSU JG ZPV BSF BQQSPBDIJOH UIF WFIJDMF BIFBE UPP RVJDLMZ -BOF %FQBSUVSF 8BSOJOH VTFT B DBNFSB OFBS UIF SFBS WJFX NJSSPS UP NPOJUPS SPBE MBOF NBSLJOHT *G ZPV CFHJO UP DIBOHF MBOFT XJUIPVU STU VTJOH UIF UVSO TJHOBM B QPTTJCMF JOEJDBUPS PG ESPXTJOFTT UIF TUFFSJOH XIFFM EJTDSFFUMZ WJCSBUFT BT B SFNJOEFS "DUJWF #MJOE 4QPU %FUFDUJPO VTFT SBEBS TFOTPST BU UIF SFBS UP NPOJUPS USBG D JO BEKBDFOU MBOFT DPWFSJOH BO BSFB GSPN ZPVS CMJOE TQPU SFBSXBSE GPS OFBSMZ GFFU *G ZPV BDUJWBUF UIF UVSO TJHOBM XIFO UIFSF JT BOPUIFS WFIJDMF JO UIBU MBOF UIF -&% CMJOLT BOE UIF TUFFSJOH XIFFM WJCSBUFT BT B XBSOJOH OPU UP DIBOHF MBOFT )FBE VQ %JTQMBZ JT EFTJHOFE UP QSPKFDU JNQPSUBOU ESJWJOH JOGPSNBUJPO TQFFE $IFDL $POUSPM XBSOJOHT EJSFDUJPOBM BSSPXT GSPN UIF /BWJHBUJPO TZTUFN BOE DSVJTF DPOUSPM JOGPSNBUJPO POUP UIF XJOETIJFME JO ZPVS MJOF PG TJHIU #.8 /JHIU 7JTJPO XJUI 1FEFTUSJBO %FUFDUJPO QSPWJEFT BO JODSFBTFE NBSHJO PG TBGFUZ BU OJHIU "O JOGSBSFE DBNFSB JO UIF GSPOU CVNQFS TDBOT VQ UP GFFU BXBZ GFFU BIFBE EFUFDUJOH QFPQMF BT XFMM BT UIF EJSFDUJPO PG UIFJS NPWFNFOU VQ UP 5IJT JT EJTQMBZFE PO UIF J%SJWF TDSFFO BOE JG TP FRVJQQFE PO UIF )FBE VQ %JTQMBZ $SVJTF $POUSPM JT OPU B TVCTUJUVUF GPS UIF ESJWFS T PXO SFTQPOTJCJMJUZ JO BEKVTUJOH TQFFE BOE PUIFSXJTF DPOUSPMMJOH UIF WFIJDMF "GUFS FWBMVBUJOH UIF SPBE USBG D BOE WJTJCJMJUZ DPOEJUJPOT UIF ESJWFS NVTU EFDJEF XIFUIFS BOE IPX UIF TZTUFN JT VTFE 3FRVJSFT DMFBSMZ EF OBCMF MBOF NBSLJOHT UIBU BSF OPU PCTDVSFE CZ SBJO TOPX FUD -BOF %FQBSUVSF 8BSOJOH GFBUVSF JT OPU B TVCTUJUVUF GPS UIF ESJWFS T PXO SFTQPOTJCJMJUZ JO NBJOUBJOJOH DPOUSPM PG UIF WFIJDMF 6OEFS PQUJNBM SPBE DPOEJUJPOT /JHIU 7JTJPO QFSGPSNBODF JT BMTP MJNJUFE CZ SBJO GPH IVNJEJUZ BOE PUIFS XFBUIFS DPOEJUJPOT 45": 505"--: */ 506$) 8)&3&7&3 :06 (0 8*5) #.8 $0//&$5&% %3*7& #.8 $POOFDUFE%SJWF ] #.8 0OMJOF BMMPXT POMJOF BDDFTT UP VQ UP EBUF GVFM QSJDFT BOE HBT TUBUJPO MPDBUJPOT UIF MBUFTU XFBUIFS GPSFDBTUT BEWJTPSJFT BOE XBSOJOHT %PX +POFT 4 1 BOE /"4%"2 JOEJDFT BOE UIF QPXFSGVM SFBDI PG UIF (PPHMF .BQT EBUBCBTF BMM EFMJWFSFE PO UIF $POUSPM %JTQMBZ JOTJEF ZPVS WFIJDMF "DDFTT OFXT IFBEMJOFT BOE IBWF UIFN SFBE BMPVE WJB 5FYU UP TQFFDI UFDIOPMPHZ 4FOE UP .BJM QJOQPJOUT ZPVS DVSSFOU MPDBUJPO BOE QMBOOFE EFTUJOBUJPO BOE BMMPXT ZPV UP TFOE UIF JOGPSNBUJPO UP BOZ TNBSU QIPOF PS FNBJM BDDPVOU 5IFO JU T KVTU B RVJDL IZQFSMJOL UP (PPHMF .BQT GPS ZPVS GSJFOET BOE GBNJMZ UP TFF XIFSF ZPV BSF BOE XIFSF ZPV SF HPJOH 8IFUIFS ZPV SF GBS GSPN IPNF PS KVTU JO UIF OFYU UPXO #.8 "TTJTU PGGFST DPOWFOJFODF BOE QFBDF PG NJOE 5IFSF BSF OFX $POOFDUFE%SJWF GFBUVSFT UIBU FYUFOE #.8 T MFBEFS TIJQ JO XJSFMFTT DPNNVOJDBUJPOT .BSWFM BU BO FYUFOTJWF BSSBZ PG OFX .PCJMF 0GGJDF GVOD UJPOT (FU B WJTVBM JNBHF PG ZPVS DBMMFST 8JUI #.8 "TTJTU ZPV FOKPZ BMM UIJT BOE NPSF #.8 "TTJTU HJWFT ZPV QFBDF PG NJOE LOPXJOH UIBU B GSJFOEMZ SFTQPOTF TQFDJBMJTU JT UIFSF UP IFMQ ZPV BU UIF UPVDI PG B CVU UPO 5IF 4BGFUZ 1MBO JODMVEFT "VUPNBUJD $PMMJTJPO /PUJ DBUJPO &NFSHFODZ 3FRVFTU 404 5FMF4FSWJDF &OIBODFE 3PBETJEF "TTJTUBODF %PPS 6OMPDL 4UPMFO 7FIJDMF 3FDPWFSZ $VTUPNFS 3FMBUJPOT BOE .Z*OGP 5IF $POWFOJFODF 1MBO BEET QFSTPOBMJ[FE %JSFDUJPOT 5SBG D BOE 8FBUIFS SFQPSUT #.8 0OMJOF BOE $PODJFSHF TFSWJDFT GPS SFTUBVSBOU BOE IPUFM SFDPNNFOEBUJPOT XJUI UIF EFTUJOBUJPO BEESFTT BOE QIPOF OVNCFS TFOU UP ZPVS #.8 .BLF VQ UP GPVS PQFSBUPS BTTJTUFE DBMMT QFS ZFBS XJUI $SJUJDBM $BMMJOH JG ZPVS NPCJMF QIPOF JT OPU BWBJMBCMF PS JUT CBUUFSZ JT EJTDIBSHFE #.8 "QQT MFUT ZPV BDDFTT 4PDJBM /FUXPSLT NVTJD 1MVH*O BOE 7JEFP 1MBZCBDL UISPVHI ZPVS J1IPOF BOE TFF UIFN PO UIF %JTQMBZ TDSFFO 5VOF JO UP 8FC SBEJP BOE TFBSDI GPS TUBUJPOT GSPN BSPVOE UIF HMPCF CZ OBNF MPDBUJPO PS HFOSF :PV DBO BMTP TUPSF ZPVS GBWPSJUF TUBUJPOT OE TJNJMBS TUBUJPOT EJTQMBZ TUBUJPO JOGPSNBUJPO BOE DIBOHF UIF RVBMJUZ PG UIF BVEJP :PVS GBWPSJUF FOUSJFT BSF TUPSFE PO ZPVS J1IPOF TP ZPV DBO UBLF UIFN XJUI ZPV GSPN POF WFIJDMF UP BOPUIFS .Z*OGP BMMPXT ZPV UP TFOE CVTJOFTT MPDBUJPOT BOE TUSFFU BEESFTTFT UP ZPVS #.8 GSPN (PPHMF .BQT %FTUJOBUJPOT BOE QIPOF OVNCFST DBO CF BDDFTTFE BOE FYQPSUFE UP ZPVS /BWJHBUJPO TZTUFN GPS JNNFEJBUF SPVUF HVJEBODF XIJMF ZPV DBO DBMM UIF EFTUJOBUJPO XJUI ZPVS #MVFUPPUI MJOLFE QIPOF 6TF UIF UJNF ZPV TQFOE JO ZPVS WFIJDMF FWFO NPSF FGGFDUJWFMZ XJUI #.8 T .PCJMF 0G DF GFBUVSF 'PS FYBNQMF XIFO ZPVS WFIJDMF JT QBJSFE XJUI B TFMFDUFE #MVFUPPUIn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n BDDPVOUT UP TUBZ PO UPQ PG XIBU T IBQQFOJOH XJUI GSJFOET BOE GBNJMZ 5IF TZTUFN DBO FWFO SFBE QPTUT BMPVE TP ZPV DBO LFFQ ZPVS GPDVT PO UIF SPBE :PV DBO RVJDLMZ QPTU QSFXSJUUFO UXFFUT UIBU BSF GVSUIFS QFSTPOBMJ[FE CZ ZPVS #.8 UP MFU FWFSZPOF LOPX XIFSF ZPV BSF BOE UIBU ZPV SF FOKPZJOH UIF ESJWF 1MFBTF OPUF 8IBU T PO UPEBZ T BHFOEB #SJOH VQ UIF $BMFOEBS BOE 5P EP -JTU PO ZPVS %JTQMBZ TDSFFO XIJMF FO SPVUF UP IFMQ ZPV TUBZ PO TDIFEVMF /FFE UP DBMM ZPVS P DMPDL BQQPJOUNFOU 6TF UIF J%SJWF $POUSPMMFS LOPC UP DMJDL PO UIF QIPOF OVNCFS JO UIF $BMFOEBS BOE JU T SJOHJOH .FFUJOH XJUI TFWFSBM QFPQMF $POEVDU DPOGFSFODF DBMMT UIF %JTQMBZ TDSFFO LFFQT ZPV JOGPSNFE PG UIF TUBUVT PG JODPNJOH DBMMT 8IP T DBMMJOH ZPV *G ZPV WF VQMPBEFE QIPUPT UP ZPVS PO CPBSE QIPOFCPPL ZPV MM TFF UIF DBMMFS T QJDUVSF &WFO NJTTFE DBMMT BSF MJTUFE PO UIF %JTQMBZ TDSFFO *U T OFWFS CFFO FBTJFS UP TUBZ JO UPVDI XIJMF JO USBOTJU 8IFO ZPV TFMFDU 1MVH*O GSPN UIF #.8 "QQT NFOV UIF J1IPOF FYQPSUT B UZQJDBM J1PE MPPL BOE DPOUSPM UP ZPVS #.8 UISPVHI UIF WJEFP DPOOFDUJPO :PV DBO UIFO TFBSDI GPS ZPVS GBWPSJUF NVTJD CZ QMBZMJTU BSUJTU BMCVN TPOH HFOSF PS DPNQPTFS KVTU BT ZPV XPVME PO ZPVS J1IPOF 3FRVJSFT #.8 "QQT PQUJPO BOE BO J1IPOF (FU UIF MBUFTU JOGPSNBUJPO PO #.8 TUBOEBSE BOE PQUJPOBM GFBUVSFT QBDLBHFT BOE UFDIOJDBM TQFDJ DBUJPOT 7JTJU CNXVTB DPN TFMFDU UIF #.8 NPEFM PG ZPVS DIPJDF BOE DMJDL PO 'FBUVSFT 4QFDT 1MFBTF OPUF 5IF #.8 "QQ NVTU CF JOTUBMMFE PO ZPVS J1IPOF GPS UIF 1MVH*O UP DPOOFDU &OIBODFE GVODUJPOT GPS UIF J1PEn BOE 64# BEBQUFS BEE UP UIF FBTF BOE QMFBTVSF PG VTJOH ZPVS J1PE PS J1IPOF n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n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n J04 Y UP QMBZ BQQT TQFDJBMMZ NPEJGJFE GPS #.8 BOE #.8 BQQSPWFE UIJSE QBSUZ BQQT 4NBSUQIPOF *OUFHSBUJPO XIJDI QSPWJEFT DPOOFDUJWJUZ GPS J1IPOF BOE TJNJMBS EFWJDFT JT JODMVEFE XJUI #.8 "QQT 5IJT BMMPXT BDDFTT UP TUPSFE NVTJD DBO JNQSPWF TJHOBM SFDFQUJPO BOE SFDIBSHFT UIF CBUUFSZ 4FF ZPVS BVUIPSJ[FE #.8 DFOUFS GPS QIPOF NPEFMT DPNQBUJCMF XJUI UIJT GFBUVSF $POUSPM %JTQMBZ TIPXT UIF GVODUJPOT PG UIF J%SJWF $POUSPMMFS WFIJDMF TFUUJOHT BOE SBEJP BT XFMM BT UIF /BWJHBUJPO TZTUFN 5IF HMBSF GSFF IJHI SFTPMVUJPO DPMPS NPOJUPS JT MPDBUFE OFYU UP UIF JOTUSVNFOU DMVTUFS BU BO JEFBM WJFXJOH IFJHIU BOE EJTUBODF J1PEn BOE 64# BEBQUFS MFUT ZPV TDSPMM UISPVHI BOE TFMFDU UIF NVTJD ZPV XBOU CZ VTJOH UIF WFIJDMF T SBEJP DPOUSPMT UIF NVMUJ GVODUJPO TUFFSJOH XIFFM CVUUPOT PS J%SJWF $POUSPMMFS .VTJD UJUMFT BSF EJTQMBZFE PO UIF SBEJP PS $POUSPM %JTQMBZ 3FBS TFBU FOUFSUBJONFOU JODMVEFT UXP UJMU BEKVTUBCMF JOEFQFOEFOUMZ PQFSBUFE DPMPS TDSFFOT JOUFHSBUFE JOUP UIF CBDL PG UIF GSPOU TFBUT 5IF TZTUFN JODMVEFT B SFNPUF $POUSPMMFS BOE IFBEQIPOF KBDLT )J GJEFMJUZ TQFBLFS TPVOE TZTUFN GFB UVSFT UXP TVCXPPGFST VOEFS UIF GSPOU TFBUT BOE EJHJUBM TFWFO DIBOOFM BNQMJGJFS XJUI XBUUT PG QPXFS 1SFNJVN IJHI GJEFMJUZ TQFBLFS TPVOE TZTUFN JODMVEFT %JHJUBM 4PVOE 1SPDFTTJOH %41 UXP TVCXPPGFST VOEFS UIF GSPOU TFBUT BOE EJHJUBM OJOF DIBOOFM BNQMJ FS XJUI XBUUT PG QPXFS (FU UIF MBUFTU JOGPSNBUJPO PO #.8 TUBOEBSE BOE PQUJPOBM GFBUVSFT QBDLBHFT BOE UFDIOJDBM TQFDJ DBUJPOT 7JTJU CNXVTB DPN TFMFDU UIF #.8 NPEFM PG ZPVS DIPJDF BOE DMJDL PO 'FBUVSFT 4QFDT )FBUFE GSPOU TFBUT BSF B XFMDPNF GFBUVSF JO DPPMFS XFBUIFS 8JUI UIF UPVDI PG B CVUUPO UIF ESJWFS BOE GSPOU QBTTFOHFS DBO JOEJWJEVBMMZ TFMFDU GSPN UISFF IFBU TFUUJOHT 4LJ BOE TOPXCPBSE CBH BMMPXT DMFBO BOE TFDVSF USBOTQPSUBUJPO PG VQ UP GPVS QBJST PG TLJT PS UISFF TOPXCPBSET XIJMF BMMPXJOH VQ UP GPVS PDDVQBOUT JO UIF WFIJDMF 5IF TLJ CBH DBO CF FBTJMZ SFNPWFE BOE VTFE PVUTJEF UIF WFIJDMF 8IFO OPU JO VTF JU DBO CF DPNQBDUMZ TUPSFE JOTJEF BO BEEJUJPOBM CBH XBZ QPXFS .VMUJ DPOUPVS TFBUT GPS UIF ESJWFS BOE GSPOU QBTTFOHFS QSPWJEF PQUJNVN MBUFSBM TVQQPSU XIJMF SFNBJOJOH FYDFQUJPOBMMZ DPNGPSUBCMF XIFO ESJWJOH PWFS MPOH EJTUBODFT *O BEEJUJPO UP "DUJWF )FBE 3FTUSBJOUT UIF TFBUT PGGFS JOEJWJEVBM QPXFS BEKVTUNFOU GPS CBDLSFTU BOE TFBU CPUUPN BOHMF GPSXBSE CBDLXBSE BOE VQ EPXO QPTJUJPO UIJHI VQQFS CBDL BOE MVNCBS TVQQPSU BOE BEKVTUBCMF TJEFT 4UBOEBSE ] 0QUJPOBM FRVJQNFOU ] XBZ QPXFS GSPOU TFBUT PGGFS ESJWFS BOE GSPOU QBTTFOHFS JOEJWJEVBM QPXFS BEKVTUNFOUT GPS IFBESFTUT CBDLSFTU BOE TFBU CPUUPN BOHMF BOE GPSXBSE CBDLXBSE BOE VQ EPXO QPTJUJPO 1PXFS GSPOU TFBUT BMTP JODMVEF TFBU BOE FYUFSJPS NJSSPS NFNPSZ TFUUJOHT GPS UXP ESJWFST 3FBS DFOUFS BSNSFTU GPMET EPXO UP PGGFS BEEFE DPNGPSU BT XFMM BT UXP DVQ IPMEFST BOE B TUPSBHF DPNQBSUNFOU PS DBO CF SBJTFE UP QSPWJEF B UIJSE TFBUJOH QPTJUJPO 3FBS TFBUT BSF EFTJHOFE UP TVQQPSU UISFF BEVMUT JO DPNGPSU $SFBUFE XJUI B TQMJU FBDI CBDLSFTU DBO SFDMJOF GSPN UP EFHSFFT PS GPME GPSXBSE JOEJWJEVBMMZ UP BDDPNNPEBUF WBSJPVT BNPVOUT PG DBSHP BOE QBTTFOHFST 4USFUDI PVU XJUI FWFO NPSF MFHSPPN CZ NPWJOH UIF TFBUT SFBSXBSE PS FYQBOE UIF DBSHP TQBDF CZ NPWJOH UIFN GPSXBSE 5IF DIPJDF JT ZPVST 4FBU WFOUJMBUJPO FOTVSFT JODSFBTFE DPNGPSU XIJMF USBWFMJOH JO TVNNFS "JS JT HFOUMZ CMPXO UISPVHI UIF NJDSP QFSGPSBUJPOT JO UIF MFBUIFS TFBU UP LFFQ QBTTFOHFST DPNGPSUBCMZ ESZ JO XBSN XFBUIFS 3FBS $PNGPSU TFBUT PGGFS QPXFS BEKVTUBCMF CMJTT GPS UXP SFBS TFBU QBTTFOHFST 1BTTFOHFST UBJMPS UIFJS DPNGPSU XJUI JOEJWJEVBMMZ BEKVTUBCMF CBDLSFTUT UIBU DBO CF BOHMFE GSPN UP EFHSFFT 0S VTF UIF QPXFS GFBUVSF UP FBTJMZ GPME TFBUT GPSXBSE GPS BEEJUJPOBM DBSHP TQBDF .PWF UIF TFBUT CBDL UP JODSFBTF UIF BMSFBEZ BNQMF MFHSPPN CZ )FBESFTUT DBO BMTP CF BEKVTUFE VQ PS EPXO " DFOUFS DPOTPMF BEET UIF DPOWFOJFODF PG DVQIPMEFST BOE B TUPSBHF DPNQBSUNFOU 1PXFS SFBS TFBU CBDLSFTUT DBO CF JOEJWJE VBMMZ BEKVTUFE XJUI FBTF 1PXFS TVOTIBEFT GPS UIF SFBS TJEF XJOEPXT IFMQ LFFQ UIF DBCJO DPPM BOE GSFF GSPN UIF TVO T HMBSF (FU UIF MBUFTU JOGPSNBUJPO PO #.8 TUBOEBSE BOE PQUJPOBM GFBUVSFT QBDLBHFT BOE UFDIOJDBM TQFDJ DBUJPOT 7JTJU CNXVTB DPN TFMFDU UIF #.8 NPEFM PG ZPVS DIPJDF BOE DMJDL PO 'FBUVSFT 4QFDT MJHIU BMMPZ XIFFMT .",& *5 6/*26&-: :0634 8*5) 03*(*/"- #.8 "$$&4403*&4 .BLF B TQPSUZ TUBUFNFOU XJUI 4UBS 4QPLF 4UZMF 4UBOEBSE ] 0QUJPOBM FRVJQNFOU ] #.8 "DDFTTPSJFT ] (FBS TFMFDUPS MFWFS XJUI BO "TI (SBJO 8PPE EFDPSBUJWF TUSJQ GVSUIFS FOIBODFT UIF FMFHBOU JOUFSJPS 'PS EFUBJMFE JOGPSNBUJPO PO PSEFSJOH 0SJHJOBM #.8 "DDFTTPSJFT QMFBTF DPOUBDU ZPVS BVUIPSJ[FE #.8 DFOUFS 4PNF EFUBJMT TIPXO JO QIPUPHSBQIT NBZ OPU CF BWBJMBCMF JO UIF 6OJUFE 4UBUFT FYUFSJPS HMFBNJOH XJUI TQFDJBMMZ GPSNVMBUFE DBS DBSF QSPEVDUT #.8 T WBTU BSSBZ PG QSPEVDUT GPS CPUI UIF FYUFSJPS BOE JOUFSJPS XJMM QFSTPOBMJ[F UIF QMFBTVSFT PG PXOFSTIJQ 'PS BEEJUJPOBM JOGPSNBUJPO PS UP QJDL VQ B DBUBMPH QMFBTF WJTJU ZPVS BVUIPSJ[FE #.8 DFOUFS PS WJTJU PVS XFCTJUF BU BDDFTTPSJFT CNXVTB DPN *OGSBSFE TUFSFP IFBEQIPOFT EFTJHOFE UP JOUFHSBUF XJUI UIF SFBS %7% TZTUFN BEE HSFBUFS FOKPZNFOU BOE B RVJFUFS JOUFSJPS 'FX UIJOHT FOIBODF UIF #.8 ESJWJOH FYQFSJFODF MJLF 0SJHJOBM #.8 "DDFTTPSJFT #FBVUJGVMMZ EFTJHOFE BOE FYQFSUMZ DSBGUFE UIFZ BSF DSFBUFE UP U QFSGFDUMZ BOE MBTU BT MPOH BT ZPVS #.8 JUTFMG $PNQMFNFOU ZPVS WFIJDMF T MPPLT XJUI CPME PS FMFHBOU XIFFM EFTJHOT &OIBODF JUT QFSGPSNBODF XJUI #.8 BQQSPWFE XJOUFS UJSFT 1SPUFDU UIF DBSQFUJOH BOE USVOL XJUI DVTUPN NBUT ,FFQ UIF 4VOTIBEFT DBO CF FBTJMZ JOTUBMMFE JO UIF SFBS BOE SFBS TJEF XJOEPXT HJWJOH RVJDL SFMJFG GSPN TVO HMBSF BOE SBEJBOU IFBU $3"'5 :063 08/ #.8 "5 #.864" $0. #:0 At BMW, we want you to create your own Ultimate Driving Machine.® That’s why BMW offers one of the widest model ranges of any luxury automotive manufacturer. And each BMW model offers its own universe of personalizing possibilities. It’s easy to get the latest information on your favorite BMW model. Simply visit bmwusa.com and click on the BMW model of your choice. Select “Features & Specs” to see all the standard features and available options and packages, as well as technical specifications. Then create the exact BMW model that fulfills your needs by clicking on “Build Your Own” – or just visit bmwusa.com/byo. Here you’ll be able to select from among the many interior and exterior colors and trims, personalizing options and value-added packages. Build a BMW model that reflects your style, then view it in 360° detail. At the press of a button, see payment and financing options, get a same-day quote, download a product brochure and even schedule a test drive. BMW makes it easier than ever to make your ultimate driving dreams come true, at bmwusa.com. DV GU DV GU "MM EJNFOTJPOT JO UIF UFDIOJDBM ESBXJOHT BSF HJWFO JO JODIFT -VHHBHF DPNQBSUNFOU WPMVNFT 3FBS TFBUT BMM UIF XBZ CBDL QBSUJUJPO XBMM MPDLFE JO 3FBS TFBUT BMM UIF XBZ GPSXBSE QBSUJUJPO XBMM WFSUJDBM 3FBS TFBUT BOE QBSUJUJPO XBMM GPMEFE EPXO DV GU CNXVTB DPN CZP ] 5FDIOJDBM EBUB ] 8FJHIU 6OMBEFO XFJHIU 8FJHIU EJTUSJCVUJPO GSPOU SFBS 1FSNJUUFE SPPG MPBE &OHJOF MCT DD MCT JODI 5ZQF DZMJOEFST WBMWFT %JTQMBDFNFOU MC GU IQ #PSF TUSPLF /PNJOBM PVUQVU SQN .BY UPSRVF FOHJOF TQFFE $PNQSFTTJPO SBUJP 5SBOTNJTTJPO 7** 7*** 3 *7 7 7* "VUPNBUJD HFBS SBUJPT * ** *** 'JOBM ESJWF SBUJP 5SBOTNJTTJPO GMVJE 5PQ TQFFE MJNJUFE FMFDUSPOJDBMMZ #.8 "( UFTU SFTVMUT "DUVBM BDDFMFSBUJPO SFTVMUT NBZ WBSZ EFQFOEJOH PO TQFDJGJDBUJPO PG WFIJDMF SPBE BOE FOWJSPONFOUBM DPOEJUJPOT UFTUJOH QSPDFEVSFT BOE ESJWJOH TUZMF 5IFTF SFTVMUT TIPVME CF VTFE GPS DPNQBSJTPO POMZ BOE WFSJGJDBUJPO TIPVME OPU CF BUUFNQUFE PO QVCMJD SPBET #.8 VSHFT ZPV UP PCFZ BMM QPTUFE TQFFE MBXT BOE BMXBZT XFBS TBGFUZ CFMUT &1" FTUJNBUFE GJHVSFT BSF GPS DPNQBSJTPO QVSQPTFT POMZ :PVS BDUVBM NJMFBHF XJMM WBSZ EFQFOEJOH PO TQFFE ESJWJOH IBCJUT USJQ MFOHUI BOE ESJWJOH DPOEJUJPOT BDUVBM NJMFBHF NBZ CF MPXFS J (SBO 5VSJTNP UVSCPDIBSHFE JOMJOF QFSNBOFOU J Y%SJWF (SBO 5VSJTNP UVSCPDIBSHFE JOMJOF QFSNBOFOU J (SBO 5VSJTNP UVSCPDIBSHFE 7 QFSNBOFOU J Y%SJWF (SBO 5VSJTNP UVSCPDIBSHFE 7 QFSNBOFOU 1FSGPSNBODF "DDFMFSBUJPO 5PQ TQFFE NQI 'VFM DPOTVNQUJPO $JUZ IJHIXBZ 5BOL DBQBDJUZ BQQSPYJNBUF TFD NQI HBM NQH TUBOEBSE 5JSFT XIFFMT BOE CSBLFT 5JSF EJNFOTJPOT GSPOU SFBS SVO GMBU BMM TFBTPO TUBOEBSE 8 " "I JODI 8IFFM EJNFOTJPOT GSPOU SFBS NBUFSJBM 7FOUJMBUFE EJTD CSBLF EJBNFUFS GSPOU SFBS UZQF &MFDUSJDBM TZTUFN #BUUFSZ DBQBDJUZ "MUFSOBUPS PVUQVU SBUJOH WFOUJMBUFE EJTD MJHIU DBTU BMMPZ J (SBO 5VSJTNP Y WFOUJMBUFE EJTD MJHIU DBTU BMMPZ J Y%SJWF (SBO 5VSJTNP Y WFOUJMBUFE EJTD MJHIU DBTU BMMPZ J (SBO 5VSJTNP Y 5FDIOJDBM EBUB ] WFOUJMBUFE EJTD MJHIU DBTU BMMPZ J Y%SJWF (SBO 5VSJTNP Y ] #.8 4FSWJDFT 8F DPOTUBOUMZ NPOJUPS ZPVS #.8 T OFFET TP ZPV EPO U IBWF UP 5BDLMJOH NPVOUBJO TXJUDI CBDLT UIF MBTU UIJOH ZPV TIPVME CF UIJOLJOH BCPVU JT UIF TUBUF PG ZPVS CSBLF QBET 5IBOLT UP #.8 T JOUFHSBUFE PO CPBSE EJBHOPTUJDT TZTUFN ZPV XJMM BMXBZT LOPX FYBDUMZ XIFO UIF OFYU TFSWJDF JT EVF BOE XIBU XPSL XJMM CF SFRVJSFE $POEJUJPO #BTFE 4FSWJDF $#4 NFBTVSFT UIF DPOEJUJPO PG LFZ QBSUT UIBU BSF TVCKFDU UP XFBS BOE UFBS *U BMTP USBDLT VJE MFWFMT BOE NPOJUPST ZPVS #.8 T UJNF BOE NJMFBHF EFQFOEFOU TFSWJDF SFRVJSFNFOUT 6TJOH UIJT EBUB UIF *OGP %JTQMBZ JO UIF DPDLQJU BVUPNBUJDBMMZ BMFSUT ZPV JO BEWBODF XIFOFWFS BOZ QBSU PG 5IF #.8 "TTJTU 4BGFUZ 1MBO JT JODMVEFE XJUI #.8 6MUJNBUF 4FSWJDF GPS UIF GJSTU GPVS ZFBST XJUI OP NJMFBHF MJNJU BU OP DPTU :PV MM FOKPZ QFBDF PG NJOE LOPXJOH UIBU B GSJFOEMZ SFTQPOTF TQFDJBMJTU JT UIFSF UP IFMQ ZPV BU KVTU UIF QVTI PG B CVU UPO 5IF 4BGFUZ 1MBO JODMVEFT "VUPNBUJD $PMMJTJPO /PUJGJDBUJPO &NFSHFODZ 3FRVFTU &OIBODFE 3PBETJEF "TTJTUBODF %PPS 6OMPDL 4UPMFO 7FIJDMF 3FDPWFSZ BOE $VTUPNFS 3FMBUJPOT *ODMVEFE JO #.8 3PBETJEF "TTJTUBODF JT QSPWJEFE GSFF PG DIBSHF GPS UIF GJSTU GPVS ZFBST XJUI OP NJMFBHF MJNJU $BMM #.8 GPS GSJFOEMZ PO UIF SPBE IFMQ BOZXIFSF JO UIF 6OJUFE 4UBUFT $BOBEB BOE 1VFSUP 3JDP 5IJT JODMVEFT FWFSZUIJOH GSPN GMBU UJSF DIBOHFT FNFSHFODZ HBTPMJOF BOE MPDL PVU TFSWJDF UP UPXJOH BMUFS OBUJWF USBOTQPSUBUJPO BOE FWFO USJQ JOUFSSVQUJPO CFOFGJUT 5IJT TFSWJDF BMTP QSPWJEFT WBMVBCMF USJQ SPVUJOH BEWJDF JOH NPTU PXOFST FOKPZ B XFMM CBMBODFE NBJOUF OBODF TDIFEVMF XJUI GMFYJCMF SPVUJOF TFSWJDF JOUFSWBMT UIBU DBO TBWF ZPV UJNF 8IFO ZPVS WFIJDMF SFRVJSFT BUUFOUJPO ZPVS BVUIPSJ[FE #.8 DFOUFS FOTVSFT UIBU JU SFDFJWFT POMZ HFOVJOF #.8 QBSUT ZPVS BTTVSBODF PG FYBDUJOH RVBMJUZ TUBOEBSET (0*/( #&:0/% &/(*/&&3*/( 5)& )*() 1&3'03."/$& #.8 08/&34)*1 &91&3*&/$& #.8 6MUJNBUF 4FSWJDF n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n TNBSU QIPOFT MJOLFE UP ZPVS #.8 WJB #MVFUPPUIn UFDI OPMPHZ #.8 T .PCJMF 0GGJDF GFBUVSF USBOTGFST UFYU NFTTBHFT BOE FNBJMT UP ZPVS J%SJWF %JTQMBZ TDSFFO BOE SFBET UIFN BMPVE UP ZPV " $BMFOEBS BOE 5P EP -JTU DBO BMTP BQQFBS PO ZPVS %JTQMBZ TDSFFO XIJMF FO SPVUF 3VOOJOH MBUF $MJDL PO UIF QIPOF OVNCFS JO UIF $BMFOEBS UP DBMM ZPVS BQQPJOUNFOU 'PS B MJTU PG UFTUFE NPCJMF QIPOFT WJTJU CNXVTB DPN CMVFUPPUI 'PS UIF VMUJNBUF JO DPWFSBHF BEE UIF PQUJPOBM #.8 "TTJTU $POWFOJFODF 1MBO :PV MM FOKPZ VOMJNJUFE BDDFTT UP QFSTPOBMJ[FE %JSFDUJPOT 5SBGGJD BOE 8FBUIFS SFQPSUT BT XFMM BT PVS $PODJFSHF GFBUVSF XIJDI DBO TFOE B EFTUJOBUJPO BEESFTT BOE QIPOF OVNCFS TVDI BT B SFTUBVSBOU PS IPUFM SJHIU UP ZPVS #.8 :PV DBO NBLF VQ UP GPVS PQFSBUPS BTTJTUFE DBMMT QFS ZFBS XJUI $SJUJDBM $BMMJOH JG ZPVS DFMM QIPOF JT OPU BWBJMBCMF PS JG JUT CBUUFSZ JT EJTDIBSHFE #.8 0OMJOF BMMPXT POMJOF BDDFTT #.8 1FSGPSNBODF $FOUFS %FMJWFSZ :PV MM BMXBZT SFNFNCFS UIF GVO PG UBLJOH EFMJWFSZ PG ZPVS OFX #.8 XJUI #.8 1FSGPSNBODF $FOUFS %FMJWFSZ "GUFS FOKPZJOH EJOOFS BOE BO PWFSOJHIU TUBZ BU B STU DMBTT IPUFM XF MM UBLF ZPV BOE ZPVS DPNQBOJPO UP UIF 1FSGPSNBODF $FOUFS XIFSF B 1SPEVDU 4QFDJBMJTU XJMM HJWF ZPV BO JO EFQUI JOUSPEVDUJPO UP ZPVS OFX #.8 5IFO BU UIF 1FSGPSNBODF %SJWJOH 4DIPPM ZPV MM HFU UJQT GSPN B QSPGFTTJPOBM ESJWJOH JOTUSVDUPS BT ZPV FYQMPSF UIF EZOBNJD DBQBCJMJUJFT PG B TJNJMBS NPEFM *U T FYDJUJOH JU T FOMJHIUFOJOH BOE JU T BMM DPNQMJNFOUT PG #.8 XJUI ZPVS OFX WFIJDMF #.8 7JSUVBM $FOUFS *G ZPV HFU UIF TVEEFO VSHF UP TIPQ GPS B #.8 CVU ZPVS BVUIPSJ[FE #.8 DFOUFS JT DMPTFE UIFSF T HPPE OFXT UIF #.8 7JSUVBM $FOUFS JT PQFO IPVST B EBZ -PH PO UP CNXVTB DPN CZP BOE DIPPTF UIF NPEFM UIBU JOUFSFTUT ZPV $POGJHVSF UIF #.8 PG ZPVS ESFBNT BOE TFF XIBU UIF NPOUIMZ QBZNFOUT XPVME CF :PV DBO FWFO TFOE UIF TQFDJGJDBUJPOT UP ZPVS BVUIPSJ[FE #.8 DFOUFS BQQMZ GPS GJOBODJOH PS SFRVFTU B UFTU ESJWF BMM POMJOF #.8 'JOBODJBM 4FSWJDFT "SSBOHJOH UP CVZ PS MFBTF B #.8 JT FBTJFS UIBO ZPV NBZ UIJOL :PVS BVUIPSJ[FE #.8 DFOUFS PGGFST MFBTJOH BOE GJOBODJOH UP TVJU ZPVS QFSTPOBM OFFET UISPVHI #.8 'JOBODJBM 4FSWJDFT 4UBSU UIF QSPDFTT BU PVS XFCTJUF XIFSF ZPV DBO CVJME ZPVS ESFBN WFIJDMF HFU BO FTUJNBUF PO B NPOUIMZ MFBTF PS GJOBODJOH QBZNFOU TVCNJU B DSFEJU BQQMJDBUJPO UP #.8 'JOBODJBM 4FSWJDFT BOE HFU BQQSPWBM BMM POMJOF 5P GJOE PVU IPX #.8 'JOBODJBM 4FSWJDFT DBO IFMQ QVU ZPV CFIJOE UIF XIFFM PG ZPVS GBWPSJUF #.8 NPEFM MPH PO UP CNXVTB DPN GT PS DBMM UPMM GSFF #.8 .BHB[JOF " GBTDJOBUJOH WJFX PG UIF MBUFTU FWFOUT BOE QSPEVDUT JO UIF XPSME PG #.8 JODMVEJOH USBWFM SFWJFXT QFSTPOBMJUZ QSPGJMFT BOE UIF MBUFTU #.8 UFDIOPMPHJFT 4FOU UP OFX PXOFST BOE MFTTFFT TFWFSBM UJNFT B ZFBS ZPV DBO BMTP SFBE BSUJDMFT GSPN #.8 .BHB[JOF PO UIF #.8 XFCTJUF BU CNXVTB DPN VOEFS UIF .FEJB (BMMFSZ -JCSBSZ IFBEJOH GPVOE JO UIF &YQFSJFODF TFDUJPO #.8 8FMU 5IF #.8 8FMU #.8 8PSME EFMJWFSZ BOE CSBOE FYQFSJFODF DFOUFS JO .VOJDI JT CPME QSPPG PG #.8 T QBTTJPO GPS EFTJHO 8IFO ZPV UBLF BEWBOUBHF PG UIF #.8 &VSPQFBO %FMJWFSZ 1SPHSBN UIJT JT XIFSF ZPV XJMM NFFU ZPVS OFX #.8 JO B QFSTPOBMJ[FE QSPDFTT UIBU JT IJHIMZ ESBNBUJD BOE UPUBMMZ VOGPSHFUUBCMF :PV NJHIU BMTP SFBMJ[F TVCTUBOUJBM TBWJOHT UIBU KVTU NBZ QBZ GPS ZPVS USJQ 8IJMF ZPV SF UIFSF NBSWFM BU UIF IJTUPSJD #.8T JO UIF .VTFVN MFBSO BCPVU PVS FOHJOFFST OFXFTU JOOPWBUJPOT JO UIF 5FDIOPMPHZ BOE %FTJHO "UFMJFS BOE UBLF B UPVS PG UIF QMBOU UP FYQFSJFODF GJSTUIBOE UIF TUBUF PG UIF BSU NFUIPET VTFE UP DSFBUF B #.8 5IFO DPNFT UIF VOJRVF FYQFSJFODF PG ESJWJOH ZPVS OFX #.8 PO UIF SPBET JU XBT EFTJHOFE GPS 5P MFBSO NPSF WJTJU CNXVTB DPN FVSPQFBOEFMJWFSZ CNXVTB DPN QFSGPSNBODFDFOUFS 8BOU UIF JOTJEF TDPPQ PO #.8 :PV DBO OE VT PO 'BDFCPPLn BU GBDFCPPL DPN CNXVTB *O 0OF BOE 5XP %BZ 4DIPPMT ZPV DBO UBDLMF UIF TLJE QBE TMBMPN DPVSTF BOE XBUFS XBMMT 5IF #.8 1FSGPSNBODF %SJWJOH 4DIPPM JT BCPVU DPOUSPM BOE QVTIJOH B #.8 UP JUT MJNJUT BOE ZPVST 5IF #.8 "TTJTU BOE #MVFUPPUI )BOET GSFF $BMMJOH TZTUFN XJUI ZFBST PG 4BGFUZ 1MBO TFSWJDFT JT TUBOEBSE JO UIF 4FSJFT (SBO 5VSJTNP *O PSEFS UP SFDFJWF #.8 "TTJTU TFSWJDFT B TVCTDSJCFS BHSFFNFOU NVTU CF DPNQMFUFE BOE USBOTGFSSFE UP UIF #.8 "TTJTU 3FTQPOTF $FOUFS (14 BOE VOEFSMZJOH XJSFMFTT TFSWJDFT NVTU CF BWBJMBCMF BOE GVODUJPOJOH WFIJDMF JHOJUJPO NVTU CF UVSOFE PO FYDFQU GPS %PPS 6OMPDL BOE 4UPMFO 7FIJDMF 3FDPWFSZ CBUUFSZ DIBSHFE BOE DPOOFDUFE BOE WFIJDMF T FMFDUSJDBM TZTUFN PQFSBUJPOBM TFSWJDFT NBZ CF MJNJUFE UP DFSUBJO HFPHSBQIJD BSFBT $BMM UPMM GSFF HP UP CNXBTTJTU DPN PS WJTJU ZPVS #.8 DFOUFS GPS BEEJUJPOBM QSPHSBN EFUBJMT 4FSWJDFT BSF TVCKFDU UP UIF UFSNT BOE DPOEJUJPOT PG ZPVS TVCTDSJCFS BHSFFNFOU 4FF ZPVS BVUIPSJ[FE #.8 DFOUFS GPS EFUBJMT PO UIFTF MJNJUFE XBSSBOUJFT 5IF #.8 .BJOUFOBODF 1SPHSBN DPWFST GBDUPSZ SFDPNNFOEFE NBJOUFOBODF TFSWJDFT BT EFUFSNJOFE CZ UIF 4FSWJDF *OUFSWBM *OEJDBUPS GPS BMM OFX FMJHJCMF .: BOE MBUFS #.8 WFIJDMFT 4QFDJGJD BEEJUJPOBM JUFNT UIBU OFFE SFQMBDFNFOU EVF UP OPSNBM XFBS BOE UFBS BSF BMTP DPWFSFE 5IF NBJOUFOBODF DPWFSBHF QFSJPE JT GPS UIF GJSTU ZFBST PS NJMFT XIJDIFWFS DPNFT GJSTU &YDMVTJPOT GSPN DPWFSBHF JODMVEF HBTPMJOF HBTPMJOF BEEJUJWFT XJOETIJFME XBTIFS GMVJE BOE BEEJUJWFT CBUUFSZ UJSFT XIFFMT XIFFM BMJHO NFOU BOE UJSF CBMBODJOH "MM XPSL NVTU CF QFSGPSNFE CZ BO BVUIPSJ[FE #.8 DFOUFS 4FF UIF 4FSWJDF BOE 8BSSBOUZ *OGPSNBUJPO CPPLMFU GPS TQFDJGJD UFSNT DPOEJUJPOT BOE MJNJUBUJPOT 'VSUIFS JOGPSNBUJPO DBO BMTP CF PCUBJOFE GSPN ZPVS BVUIPSJ[FE #.8 DFOUFS 3FRVJSFT #.8 "TTJTU 4BGFUZ 1MBO TVCTDSJQUJPO 4FSWJDFT BSF TVCKFDU UP UIF UFSNT BOE DPOEJUJPOT PG ZPVS TVCTDSJCFS BHSFFNFOU 1MFBTF HP UP CNXBTTJTU DPN GPS BEEJUJPOBM EFUBJMT PO UIF PQUJPOBM $POWFOJFODF 1MBO 4VCKFDU UP DSFEJU BQQSPWBM BOE PUIFS UFSNT BOE DPOEJUJPOT /PU BMM NPEFMT BWBJMBCMF GPS #.8 &VSPQFBO %FMJWFSZ 1SPHSBN 1MFBTF HP UP CNXVTB DPN PS WJTJU ZPVS BVUIPSJ[FE #.8 DFOUFS GPS EFUBJMT PS WJTJU #.8 1FSGPSNBODF %SJWJOH 4DIPPM 5BLF ZPVS ESJWJOH TLJMMT UP UIF OFYU MFWFM #FIJOE UIF XIFFM PG PVS OFX #.8T BOE VOEFS UIF FYQFSU HVJEBODF PG QSPGFTTJPOBM ESJWJOH JOTUSVDUPST ZPV MM IPOF ZPVS ESJWJOH TLJMMT PO B WFSTBUJMF ESJWJOH DPVSTF NJMFT PG BTQIBMU UIBU DBO CF DPO HVSFE JO B NVMUJUVEF PG XBZT 5P MFBSO NPSF BCPVU UIF #.8 1FSGPSNBODF $FOUFS DBMM .PSF BCPVU #.8 CNXVTB DPN #.8 5IF 6MUJNBUF %SJWJOH .BDIJOFn #.8 BOE UIF FOWJSPONFOU #.8 JT B TUSPOH QSPQPOFOU PG UIF FOWJSPONFOU BOE TPDJBM SFTQPOTJCJMJUZ 8F MBVODIFE #.8 &G DJFOU%ZOBNJDT CBDL JO UIF QIJMPTPQIZ PG QSPWJEJOH HSFBUFS QPXFS XJUI JODSFBTFE FG DJFODZ BOE GFXFS FNJTTJPOT 5IJT IBT SFTVMUFE JO TJHOJ DBOU CFOF UT UPEBZ GPS PVS DVTUPNFST UIF DMJNBUF BOE UIF FOWJSPONFOU 5IBU ZFBS FDPMPHJDBM TVTUBJOBCJMJUZ XBT BMTP EFDMBSFE POF PG #.8 T DPSF TUSBUFHJD QSJODJQMFT JU JT OPX SNMZ BODIPSFE JO PVS FOUJSF QSPEVDUJPO DIBJO *U TUBSUT XJUI UIF EFWFMPQNFOU PG GVFM TBWJOH BOE BMUFSOBUJWF WFIJDMF DPODFQUT DPOUJOVFT XJUI FOWJSPONFOUBMMZ GSJFOEMZ QSPEVDUJPO QSPDFTTFT BOE FOET XJUI JOOPWBUJWF SFDZDMJOH NFUIPET 5IJT FGGPSU IBT CFFO SFDPHOJ[FE XPSMEXJEF JO #.8 "( UIF QBSFOU DPNQBOZ PG #.8 PG /PSUI "NFSJDB BOE #.8 .BOVGBDUVSJOH $P JO 4QBSUBOCVSH 4$ XBT UIF STU BVUPNPUJWF DPNQBOZ UP CF SFQSFTFOUFE PO UIF %PX +POFT 4VTUBJOBCJMJUZ (SPVQ *OEFY *U IBT SFNBJOFE PO UIF *OEFY FWFS TJODF NPSFPWFS GPS UIF MBTU TJY ZFBST #.8 IBT CFFO WPUFE UIF XPSME T NPTU TVTUBJOBCMF BVUPNPCJMF NBOVGBDUVSFS "U #.8 6 4 *NQPSUFS #.8 PG /PSUI "NFSJDB --$ 8PPEDMJGG -BLF /+ "MM JMMVTUSBUJPOT BOE TQFDJGJDBUJPOT DPOUBJOFE JO UIJT CSPDIVSF BSF CBTFE PO UIF MBUFTU QSPEVDU JOGPSNBUJPO BWBJMBCMF BU UIF UJNF PG QSJOUJOH #.8 SFTFSWFT UIF SJHIU UP NBLF DIBOHFT BU BOZ UJNF XJUIPVU OPUJDF JO DPMPST NBUFSJBMT FRVJQNFOU TQFDJGJDBUJPOT BOE NPEFMT #.8 NBZ TVCKFDU UP MFHBM SFRVJSFNFOUT EFUFSNJOF UIF .PEFM :FBS EFTJHOBUJPO PG JUT WFIJDMFT 5IF .PEFM :FBS EFTJHOBUJPO PO BOZ QBSUJDVMBS NPEFM NBZ CF MPOHFS PS TIPSUFS UIBO NPOUIT 4PNF WFIJDMFT QJDUVSFE NBZ DPOUBJO OPO 6 4 FRVJQNFOU 4PNF NPEFMT NBZ CF TIPXO XJUI PQUJPOBM FRVJQNFOU 8IJMF #.8 /" NBLFT BMM SFBTPOBCMF FGGPSUT UP QSPWJEF BDDVSBUF JOGPSNBUJPO JO UIJT CSPDIVSF UIFSF JT OP HVBSBOUFF PS XBSSBOUZ PG BDDVSBDZ 'VSUIFSNPSF XF EP OPU BTTVNF BOZ MJBCJMJUZ GPS UIF BDDVSBDZ PS DPNQMFUFOFTT PG JOGPSNBUJPO QSFTFOUFE 5IJT CSPDIVSF TIBMM OPU CF VTFE PS SFMJFE VQPO BT B TVCTUJUVUF GPS JOGPSNBUJPO UIBU JT BWBJMBCMF GSPN ZPVS #.8 DFOUFS 'VSUIFS JOGPSNBUJPO DBO CF PCUBJOFE GSPN ZPVS BVUIPSJ[FE #.8 DFOUFS PS CNXVTB DPN  i #.8 PG /PSUI "NFSJDB --$ /PU UP CF SFQSPEVDFE XIPMMZ PS JO QBSU XJUIPVU XSJUUFO QFSNJTTJPO PG #.8 /" 5IF #.8 OBNF MPHP NPEFM OBNFT 4"7 BOE 4QPSUT "DUJWJUZ 7FIJDMF BSF SFHJTUFSFE USBEFNBSLT 5IF #MVFUPPUI XPSE NBSL BOE MPHPT BSF PXOFE CZ UIF #MVFUPPUI 4*( *OD BOE BOZ VTF PG TVDI NBSLT CZ #.8 JT VOEFS MJDFOTF J1IPOF BOE J1PE BSF SFHJTUFSFE USBEFNBSLT PG "QQMF *OD 0UIFS USBEFNBSLT BOE USBEF OBNFT BSF UIF QSPQFSUZ PG UIFJS SFTQFDUJWF PXOFST 7# 1SJOUFE JO (FSNBOZ XF TUSJWF GPS BOE BDIJFWF IJHI QFSGPSNBODF JO BMM XF EP