Das Gold der Santissima Trinidad 2

'DVQHXH$EHQWHXHU

8OULFK:DOGQHU 'DV*ROGGHUÄ6DQWLVVLPD7ULQLGDG³ 7HLO 9HUODJ1HXHV/HEHQ%HUOLQ 9E\'XPPH3XWH

&RS\ULJKWE\9HUODJ1HXHV/HEHQ%HUOLQ /L]HQ]1U 8PVFKODJ]HLFKQXQJXQG,OOXVWUDWLRQHQ(UKDUG6FKUHLHU 'UXFN 1HXHV'HXWVFKODQG%HUOLQ1‡ (6'

Ä'RQ 3HGUR YHUVWDQG HWZDV YRQ 6FKLIIHQ PHLQ -XQJH³ VDJWHGHU.DSLWlQ]X+DQMRÄ-HGHQIDOOVZDUHQ7HGXQGLFK HLQHU 0HLQXQJ GD‰ GLH 6ZDOORZå GLH HU IU XQVHUH 6FKDW]VXFKHJHFKDUWHUWKDWWHLQ2UGQXQJZDU6LHZDUHLQ VDXEHUHU =ZHLPDVWVFKRQHU PLW HLQHP 36'LHVHO PRWRU 'HU .DSLWlQ HLQ NOHLQHU GLFNHU .HUO GHVVHQ 6FKZHLQ VDXJHQ VR WLHI XQWHU )HWW ODJHQ GD‰ GX VLH NDXP VHKHQ NRQQWHVWKDWWHHLQHZXQGHUYROOHEODXURWH6lXIHUQDVH 'LH0DQQVFKDIWGDJHJHQVDKZHQLJHUJHPWOLFKDXVXQG VHOEVW ZHQQ PDQ EHUFNVLFKWLJW GD‰ 6HHPDQQVJHVLFKWHU NHLQH (QJHOVJHVLFKWHU VLQG VR ZDUHQ GLH 9LVDJHQ GLHVHU .HUOHQRFKLPPHUXPHLQLJH*UDGH]XZLOGXQGYHUURKW 6R IL[ ZLH GLHVHU 0H[LNDQHU HLQ 6FKLII JHFKDUWHUW KDW -XQJH -XQJHå VDJWH 7HG 0LU NRPPW HV VR YRU DOV RE 'RQ 3HGUR GLH 6DXIQDVH XQG GLH 0DQQVFKDIW DOWH %H NDQQWHVLQGå 'DV ZDU GHU HUVWH ZRKOEHJUQGHWH 9HUGDFKW GHQ 7HG lX‰HUWHXQGREZRKOLFKLKPLQPDQFKHUOHL+LQVLFKWUHFKW JHEHQPX‰WH±GHQ0DWURVHQJHODQJHV]XP%HLVSLHOQLFKW Y|OOLJEHU]HXJHQGLKUH5ROOH]XVSLHOHQ²ZLGHUVSUDFK LFKHLIULJHUDOVMH]XYRU,FKEHIDQGPLFKVFKOLH‰OLFKGLFKW YRU GHP =LHO PHLQHU :QVFKH :DV VW|UWHQ PLFK GD GLH ZHQLJ 9HUWUDXHQHUZHFNHQGHQ0DWURVHQJHVLFKWHU DQ%RUG GHV6FKLIIHVGDVPLFKKLQIKUHQVROOWH]XGLHVHP=LHO $OOHVNODSSWHZXQGHUEDU:LUIDQGHQHLQHQ7DXFKHUGHU ]XU6RQGHUNODVVHJHK|UWH:lKUHQGGHV.ULHJHVZDU+DUU\ 0DULQHWDXFKHU JHZHVHQ XQG KDWWH VLFK YRU DOOHP EHL GHU 8%RRW%HUJXQJKHUYRUJHWDQ(LQSUlFKWLJHU.HUOVRJUR‰ ZLHLFKHLQVFKODNVLJHU
6ZDOORZå VDK WLSSWRSS VDXEHU DXV $XI GHP $FKWHUGHFN VWDQGHQHLQH JUR‰H :LQVFK XQG GLH /XIWSXPSH IU +DUU\ XQGZLHGLH.LVWHVRDP.DLODJEOHQGHQGZHL‰GDZXUGH PLUJDQ]DQGHUVZHL‰WGX :LH HLQ )LHEHU NDP HV EHU PLFK ± VR HLQH :HOOH YRQ *OFN GLH GLFK KRFKUHL‰W XQG GLFK PLWQLPPW 8QG GX VWHKVWDXIGHU(UGHVWHKVWDP.DLXQGVSUVWGLH+LW]HGLH YRP %RGHQ ]XUFNJHZRUIHQ ZLUG ULHFKVW GHQ 7HHU XQG GDV %UDFNZDVVHU XQG VFKZHEVW JOHLFK]HLWLJ REHQ LQ GHQ :RONHQ 8QEHVFKUHLEOLFKVFK|QZDUHV9RUPLUODJGDVKHUUOLFK VWH$EHQWHXHUGDVMHHLQ0HQVFKHUOHEHQNRQQWH )UYLHUVHFKVDFKW:RFKHQRGHUOlQJHUZUGH7KHUHVD DQ%RUGGHVVHOEHQ6FKLIIHVVHLQDXIGHPLFKPLFKEHIDQG -DLFKZDUJOFNOLFKUHVWORVJOFNOLFK 'LH 6FKUDXEH GHU 6ZDOORZå ZKOWH GHQ 6FKODPP GHV +DIHQEHFNHQVDXIGLH6FKLIIVSODQNHQEHJDQQHQ]X]LWWHUQ :LUOHJWHQDEXQGVFKZDPPHQKLQDXVLQGLHRIIHQH6HH ,FKELQVHLWGHPDXVYLHOHQ+lIHQDXVJHODXIHQXQGHVLVW LPPHUZLHGHUQHXXQGHUUHJHQGZHQQGXGDV/DQGKLQWHU GLU Ol‰W XQG HV VFKOLH‰OLFK DOV VFKPDOHU 6WUHLIHQ DQ GHU .LPPYHUVFKZLQGHW$EHUVRZLHDQGLHVHP6HSWHPEHU KDEHLFKHVQLHZLHGHUHPSIXQGHQ 'LH:HOOHQUDQQWHQJHJHQGHQ%XJGHU6ZDOORZåWHLOWHQ VLFKJOXFNVHQGXQGUDXVFKWHQDQGHQ%RUGZlQGHQHQWODQJ GHU 6HHZLQG IOOWH PHLQH /XQJHQ XQG GDV %OXW IOR‰ PLU VFKQHOOXQGKHL‰GXUFKGLH$GHUQ +lWWH7KHUHVDQHEHQPLUJHVWDQGHQZHL‰*RWWLFKKlWWH VLHXPDUPWXQGJHN‰WYRU)UHXGH$EHU7KHUHVDVWDQGDP +HFN XQG LFK DP %XJ XQG LFK NRQQWH QXU 7HG GHQ $UP DXIGLH6FKXOWHUOHJHQ±VDJHQNRQQWHLFKQLFKWV 8QG7HG(UNQXUUWHHWZDVXQYHUVWlQGOLFKHVYRUVLFKKLQ

,FK VDK LKP LQ GLH $XJHQ VLH ZDUHQ EODQN ZLH GLH HLQHV .LQGHV-DIU7HGZDUGLHVZRKOGHUVFK|QVWH$XJHQEOLFN GHU JDQ]HQ 5HLVH (U URFK 6HHOXIW QDFK ZHU ZHL‰ ZLH YLHOHQ-DKUHQXQG IKOWH ZLHGHU GLH 3ODQNHQ HLQHV 'HFNV XQWHUVHLQHQ)‰HQ +HXWH NDQQ LFK LKQ YHUVWHKHQ +HXWH ZHL‰ LFK GD‰ HU GLHVH0LQXWHQDXVNRVWHQZROOWHGLHVHHUVWHQ0LQXWHQXQG 6WXQGHQ XQVHUHU 5HLVH GLH VFKRQ EHUVFKDWWHW ZDUHQ YRQ GHQIXUFKWEDUHQ(UHLJQLVVHQDPOHW]WHQ7DJXQVHUHU)DKUW 7HGKDWVLHYRUDXVJHVHKHQ$EHUHUVDJWHQLFKWVDOVLFKLKQ EHUVFKZHQJOLFKDQPLFK]RJ(UNQXUUWHQXUXQG]RJGLH /XIWJHUlXVFKYROOHLQ 'LH 6ZDOORZå KDWWH 6HJHO JHVHW]W XQG IXKU OlQJV GHU DPHULNDQLVFKHQ .VWH QDFK 6GHQ -HGHQ 7DJ 6RQQH MHGHQ 7DJ GLH ODQJH 'QXQJ GHV $WODQWLNV GDV 5DXVFKHQ GHV:DVVHUVDP%XJXQGMHGHQ7DJGLH*HOHJHQKHLW7KH UHVD]XVHKHQPLWLKU]XVSUHFKHQXQG%OLFNH]XWDXVFKHQ 'RQ 3HGUR VDK UHFKW ZRKOZROOHQG ]X ZLH LFK PLFK XP VHLQH7RFKWHUEHPKWH$P7DJHXQVHUHU$EUHLVHKDWWH HU SO|W]OLFK QHEHQ PLU JHVWDQGHQ XQG JHVDJW :LVVHQ 6LH (UQHVWR LFK KDEH PLFK LQ OHW]WHU =HLW HWZDV JHQDXHU PLW GHQ 6FKDW]VXFKHUQ DXI GHP 0HHUHVJUXQG EHVFKlIWLJW (LQ JHZLVVHU(GGL:HLVHEHUJKDWYRUGHUEUDVLOLDQLVFKHQ.VWH  'ROODU DXV HLQHU SRUWXJLHVLVFKHQ .DUDYHOOH JHKROW XQG GDV ZDU JDU QLFKW GLH GLH HU VXFKWH ± HV LVW WROO ZDV VLFK GD DOOHV VFKRQ HUHLJQHW KDW ,FK ZHUGH PHLQHQ 6SD‰ GDUDQ KDEHQ ,VW QDWUOLFK HLQ NRVWVSLHOLJHU 6SD‰ ]X GHP 6LH PLFK GD YHUOHLWHW KDEHQ 6LFKHUKHLWHQ N|QQHQ 6LH PLU QLFKW ELHWHQ ± XQG GDV *ROG" :LVVHQ 6LH DXI 9HUVSUH FKXQJHQ KDW QRFK NHLQ YHUQQIWLJHU 0HQVFK *HOG JHOLH KHQQRFKGD]XDXIVRXQVLFKHUH9HU]HLKHQ6LHELWWHDEHU 6LH ZHUGHQ ]XJHEHQ PVVHQ GD‰ HV HLQ 5LVLNR LVW ± XQG

HLQ NHLQ JHULQJHV :HU NDQQ LP YRUDXV VDJHQ RE ZLU GLH 6WHOOH ILQGHQ ZHUGHQ DQ GHU LKUH IDPRVH ª6DQWLVVLPD 7ULQLGDG©OLHJW" $EHU ODVVHQ 6LH LFK ELQ HEHQ HLQ EL‰FKHQ YHUUFNW ,FK VHKH GLH JUR‰DUWLJH 0|JOLFKNHLW XQG YHUODQJH NHLQH *D UDQWLHLFKOLHEHGLH8QJHZL‰KHLWXQGGLH5RPDQWLN±XQG IU VR HLQH DEHQWHXHUOLFKH 6DFKH JHEH LFK JHUQ HLQ SDDU WDXVHQG 'ROODU $OOHUGLQJVå XQG GDQQ KDWWH HU PLFK EH GHXWXQJVYROO OlFKHOQG DQJHVHKHQ HLQ ZHQLJ 6LFKHUKHLW PX‰ LFK GDEHL KDEHQ 8QG GLHVH 6LFKHUKHLW JHEHQ PLU LQ GLHVHP)DOOH±6LH(UQHVWR (WZDV 0HQVFKHQNHQQWQLV EHVLW]H LFK MD DXFK XQG JODX EHQ 6LH PLU LFK KDEH 6LH LQ PHLQ +HU] JHVFKORVVHQ XQG ZHQ ZLU 0H[LNDQHU LQ XQVHU +HU] JHVFKORVVHQ KDEHQ ± NRPPHQ6LH'RQ(UQHVWRZLUZROOHQHLQ*ODVDXIXQVHUH )UHXQGVFKDIWOHHUHQå 0LW NHLQHP :RUW ZDU 7KHUHVD HUZlKQW ZRUGHQ XQG GRFK KDWWH LFK GDV *HIKO 'RQ 3HGUR KlWWH DXFK DQ VLH JHGDFKW 6R XQJHIlKU JDE GRFK ZRKO HLQ 9DWHU HLQHP MXQJHQ0DQQ]XYHUVWHKHQGD‰HULKPDOV6FKZLHJHUVRKQ DQJHQHKPVHL 'RQ 3HGUR VSLHOWH PLU HLQ SUlFKWLJHV 7KHDWHU YRU VHLQH 7RFKWHUDOOHUGLQJVEHUWUDILKQEHLZHLWHP'LH/LHEHGLH VLH PLU YRUKHXFKHOWH VFKLHQ VR HFKW XQG RKQH MHGH 9HU VWHOOXQJGD‰LFKKHXWHQRFKQLFKWEHJUHLIHQNDQQZLHVLH HV IHUWLJEUDFKWH 6LH ZX‰WH GRFK GD‰ LFK JHPHLQVDP PLW 7HGVWHUEHQVROOWHVREDOGZLUGDV*ROGDQ%RUGKDWWHQ,KU 9DWHUKDWWHPLW GHP .DSLWlQ YHUHLQEDUW 7HG XQG PLFK ]X EHVHLWLJHQ XQG GDQQ PLW GHP JHVDPWHQ *ROG HLQHQ PH[L NDQLVFKHQ+DIHQDQ]XODXIHQGHVVHQ.RPPDQGDQWLKPJXW EHNDQQWZDU 9RQ DOOGHP KDWWH LFK QLFKW GLH JHULQJVWH $KQXQJ 'LH

7DJH YHUJLQJHQ RKQH GD‰ LFK HV UHFKW JHZDKU ZXUGH 'DQQHUHLJQHWH VLFK GHU HUVWH =ZLVFKHQIDOO DXI GHU 5HLVH 8QG GLHVHU =ZLVFKHQIDOO KlWWH PLU HLJHQWOLFK GLH $XJHQ |IIQHQ PVVHQ 'RQ 3HGUR KDWWH ]X ZLOG 7KHDWHU JHVSLHOW XQG VLFK ]X VFKQHOO ZLHGHU EHUXKLJW XQG -RH VWDQG GLH 0LHQH HLQHV UHXLJHQ 6QGHUV GXUFKDXV QLFKW ]X *HVLFKW $EHULFKZLOOGHU5HLKHQDFKHU]lKOHQ 9RUPLWWDJV OHKQWH LFK QHEHQ 7KHUHVD DQ GHU 5HOLQJ XQG EHKDXSWHWH GD‰ XQVHU $EHQWHXHU HLQ ZHQLJ ]X VLFKHU VHL (V IHKOH GDV ZDV HLQ $EHQWHXHU HUVW ]XP $EHQWHXHU PD FKHGLH*HIDKU 'HQNHQ6LHDQ&RUWH]åVDJWHLFK(UZDUPLWIQIKXQ GHUW VSDQLVFKHQ 6ROGDWHQ LQ 0H[LNR JHODQGHW XQG KlWWH XPNHKUHQ PVVHQ DOV HU VDK GD‰ GLH $]WHNHQ HLQ VWUDII JHJOLHGHUWHV 5LHVHQUHLFK EHKHUUVFKWHQ %UHLWH 6WUD‰HQ GXUFK]RJHQ GLH /DQGH JHZDOWLJH PLW VHOWVDP YHU]HUUWHQ 7LHUXQG )DEHOJHVWDOWHQEHGHFNWH7HPSHOXQG3\UDPLGHQ HUKREHQ VLFK LQ GHQ 6WlGWHQ =HXJQLVVH HLQHU IUHPGHQ .XOWXU GLH LQ YLHOHP MHGHV HXURSlLVFKH 0D‰ EHUWUDI 0RQWH]XPD GHU .|QLJ GLHVHV 5HLFKHV EHVD‰ HLQ VWHKHQ GHV +HHU YRQ +XQGHUWWDXVHQGHQ JHEWHU .ULHJHU GLH DXI HLQ:RUWYRQLKPEHUHLWZDUHQ]XNlPSIHQXQG]XVWHUEHQ -HGHU IKUWH HLQ +RO]VFKZHUW PLW GHVVHQ )HXHUVWHLQ VFKQHLGHHUHLQHQDUPGLFNHQ3DOPVWDPPDXIHLQHQ6FKODJ GXUFKKDXHQ NRQQWH &RUWH] ZX‰WH GDV DOOHV XQG EOLHE GHQQRFK 0LW IQIKXQGHUW 6SDQLHUQ HUREHUWH HU 0H[LNR 0DJPDQLKQEDUEDULVFKQHQQHQZHLOHULQVHLQHU*ROGJLHU HLQHJUR‰H.XOWXUYHUQLFKWHWHVLHN|SIWHZLHHLQH6RQQHQ EOXPH LP 9RUEHUJHKHQ LFK ILQGH HU ZXUGH GDPLW ]XP JU|‰WHQ$EHQWHXUHUDOOHU=HLWHQ 8QVHUH)DKUWGDJHJHQ"6HKHQ6LHåVDJWHLFKLKU&RUWH] ZXUGH QDFK VHLQHP HUVWHQ (LQ]XJ LQ GLH 6WDGW 0H[LNR

GDUDXV YHUWULHEHQ $XI VHLQHU )OXFKW LQ GHU 1DFKW GHU 6FKUHFNHQ EHLP .DPSI DQ GHQ 'DPPGXUFKVWLFKHQ N|QQWH HU YLHOOHLFKW HLQHQ JHUDXEWHQ *ROGVFKPXFN YHUOR UHQ KDEHQ GHQ KXQGHUWIQI]LJ -DKUH VSlWHU ZLHGHUXP YLHOOHLFKW HLQ (LQJHERUHQHQWDXFKHU DXV GHU /DJXQH JH ILVFKW KDW 1HKPHQ ZLU DQ GLH VSDQLVFKHQ +HUUHQ GLHVHV 7DXFKHUV KlWWHQ GHQ 6FKPXFN DXI GLH ª6DQWLVVLPD 7ULQL GDG©JHEUDFKWZHQQQXQLFKOlFKHOWHLKUDXIPXQWHUQG]X ZHQQ QXQ XQVHU 7DXFKHU +DUU\ ]XIlOOLJ GLHVHQ 6FKPXFN DXV GHP :UDFN KHUDXVKROHQ ZUGH «å ,FK PDFKWH HLQH HUZDUWXQJVYROOH3DXVH «GDQQZlUHGDV,KUHU$QVLHKWQDFKGDVHLQ]LJ$EHQ WHXHUOLFKH DQ XQVHUHP $EHQWHXHUå HUJlQ]WH 7KHUHVD QXQ HEHQIDOOVPLWHLQHP/lFKHOQ$EHUQHKPHQ6LHQLFKWDOOHV HLQ EL‰FKHQ ]X OHLFKW (UQHVWRå IJWH VLH EHVRUJW KLQ]X %HGHQNHQ6LHHVJLEWULHVLJH+DLHXQG.UDNHQWFNLVFKH 8QWHUZDVVHUULIIHXQGJHIlKUOLFKH6WUPH±UHLFKWGDVQLFKW DXV"å 'LH $XWRV LQ 1HZ
QRFK HLQHQ JHIlKUOLFKHQ (LQGUXFN $EHU MHW]W QDFKGHP VLFK ,KU 9DWHU EHLP .DSLWlQ EHVFKZHUW KDW XQG VLH DOOH %DXPZROOKHPGHQ DQ]LHKHQ PVVHQ GD VHKHQ VLH QLFKW DQGHUVDXVDOVGLH0DWURVHQDXIHLQHP+HULQJVIlQJHUå 0LUVHKHQVLHDXFKVRQRFKZLOGJHQXJDXVåPHLQWHVLH OlFKHOQG ,PVWLOOHQ JDE LFK LKU UHFKW 'LH .HUOH WUXJHQ ]HUULVVHQH +RVHQ JLQJHQ EDUIX‰ RGHU LQ 6HJHOWXFKVFKXKHQ XQG GLH +HPGHQ'DVZDUHQ]HUULVVHQHXQG]HUOXPSWH%DXPZROO IHW]HQ 'RFK LFK ZLGHUVSUDFK LKU HLIULJ XQG EUDFK HLQH /DQ]H IU DOOH 6HHOHXWH GHU :HOW GLH QXQ HLQPDO HWZDV ZLOGXQGYHUZHJHQDXVVlKHQDEHUGDVZHLFKVWHXQGEHVWH +HU]LQGHU%UXVWKlWWHQ 8QG ZHL‰ GHU 7HXIHO $P VHOEHQ 1DFKPLWWDJ QRFK GURVFKPLUHLQHUGLHVHUOLHEHQ.HUOHEHUGHQ6FKlGHOGD‰ LFKGDV.UHX]GHV6GHQVDP7DJHIXQNHOQVDK ,FKNDPDXVGHP0DVFKLQHQUDXPKRFKXQGVDK7KHUHVD DP +HFN VWHKHQ -RH GHU PLU ZHJHQ VHLQHU EUHLWHQ EOXW URWHQ1DUEHDXIGHU%UXVWEHVRQGHUVDXIJHIDOOHQZDUVWDQG QHEHQ LKU XQG MHGHVPDO ZHQQ VLH HLQHQ 6FKULWW ]XU 6HLWH ZLFK UFNWH HU LKU QDFK =ZHL DQGHUH .HUOH VWDQGHQ HLQ 6WFNDEVHLWVXQGVDKHQIHL[HQG]X 1XQ JDE HV MD IU GLHVHV 9HUKDOWHQ HLQH RKQH ZHLWHUHV YHUVWlQGOLFKH (UNOlUXQJ 7KHUHVD ZDU MXQJ XQG KEVFK 0DQFKHV 0DO VFKRQ KDWWH LFK GDPLW JHUHFKQHW GD‰ HLQHU GHU .HUOH 7KHUHVD EHOlVWLJHQ ZUGH 'LHVHU )DOO ZDU QXQ HLQJHWUHWHQXQG-RHV%HQHKPHQYHUVHW]WHPLFKLQPD‰ORVH :XW DEHU HV NDP PLU GD HV PLFK YRUEHUHLWHW WUDI QLFKW EHUUDVFKHQG $XIJHIDOOHQ ZDU PLU GDJHJHQ GD‰ HU PLW VHLQHQ8QYHUVFKlPWKHLWHQJDQ]RIIHQVLFKWOLFKHUVWLQGHP $XJHQEOLFN EHJDQQ LQ GHP LFK GHQ .RSI EHU 'HFN VWHFNWH (V ZDU JHUDGH VR DOV KDEH HU QXU DXI PHLQ (U

VFKHLQHQJHZDUWHWXQGGHQVHOEHQ(LQGUXFNKDWWHLFKDXFK YRQGHQEHLGHQDQGHUHQ :ROOWHQ VLH PLFK UHL]HQ" /HJWHQ VLH :HUW GDUDXI PLFK ]XYHUSUJHOQ" (V LVW JXW GD‰ PDQ QLFKW MHGH 6LWXDWLRQ JDQ] GXUFK VFKDXHQNDQQ'LH*U|‰HGHU*HIDKUZUGHHLQHPRIWGHQ 0XWQHKPHQ]XPLQGHVWDEHUGLH(QWVFKOX‰NUDIWKHPPHQ XQGZDVGHP8QEHIDQJHQHQJHOLQJWPL‰UlWGHP%HIDQJH QHQ +lWWH LFK JHZX‰W GD‰ GLH GUHL QLFKWV *HULQJHUHV YRUKDWWHQDOVPLFKLP9HUODXIHHLQHVSURYR]LHUWHQ 6WUHLWV EHU%RUGJHKHQ]XODVVHQLFKZlUHZDKUVFKHLQOLFKZHQL JHUVRUJORVJHZHVHQ -RHGUlQJWHVLFKDQ7KHUHVDXQGDOVVLHZHJJHKHQZROO WHOHJWHHULKUGHQ$UPXPGLH+IWHXQG]RJVLHDQVLFK 7KHUHVD KROWH DXV XQG ZROOWH LKP HLQH UXQWHUKDXHQ (U SDFNWH LKU +DQGJHOHQN XQG ]ZDQJ VLH PLW HLQHU 'UHKXQJ VHLQHU)DXVWDXIGLH.QLH ,FKVFKOXJLKPPLWGHUIODFKHQ+DQGDXIGLH6FKXOWHU'D GUHKWHHUVLFKXPXQGOLH‰7KHUHVDORV (V ZDU HLQ NXU]HU .DPSI ,FK HUZLVFKWH LKQ DP .LQQ XQGHUKDWWHJHQXJ ,QGHUVHOEHQ6HNXQGHEHNDPLFKYRQKLQWHQHLQHQ6FKODJ DQ GHQ .RSI GD‰ PLU VFKZDU] YRU $XJHQ ZXUGH (V JH ODQJPLUQRFKPLFKKHUXP]XZHUIHQ 'LHEHLGHQDQGHUHQVWDQGHQYRUPLU 'HU HLQH ZDU ODQJ XQG NQRFKLJ XQG ZlKUHQG HU VHLQH )lXVWH JHJHQ PHLQHQ .RSI DEVFKR‰ VSUDQJ PLFK GHU NOHLQHUHDQ'DVZDUVHLQ)HKOHU ,FKKDWWHGLUVFKRQJHVDJWGD‰LFK7HGGDPDOVDOVHVPLW GHU 5HLVH VRZHLW ZDU YRU )UHXGH KRFKJHKREHQ XQG JH VFKZHQNW KDWWH XQG 7HG ZRJ XQJHIlKU HLQKXQGHUWVHFK]LJ 3IXQG

'HQ .OHLQHQ SDFNWH LFK EHLP *UWHO UL‰ LKQ KRFK XQG ZDUILKQGHPDQGHUHQYRUGLH%UXVW6LHILHOHQEHUHLQDQ GHU,P$XIVSULQJHQ]RJGHU/DQJHHLQ0HVVHUXQGZDKU VFKHLQOLFKZlUHIUPLFKGLH5HLVHMHW]W]X(QGHJHZHVHQ ZHQQ QLFKW GHU .DSLWlQ SO|W]OLFK GDJHZHVHQ ZlUH XQG GHP/DQJHQYRQKLQWHQVRHLQVEHUGHQ6FKlGHOJH]RJHQ KlWWHGD‰HUODXWORV]XVDPPHQEUDFK ,FK ZROOWH HUNOlUHQ DEHU 7KHUHVD VDJWH VFKRQ 'LHVHU GRUWå XQG]HLJWHDXI-RHGHULPPHUQRFKDP%RGHQODJ 'HU.DSLWlQZDUHUVWDXQOLFKVFKQHOOLP%LOGH'HP/DQ JHQ GHU VLFK HEHQ DXIUDIIWH WUDW HU PLW GHU )X‰VRKOH YRU GLH6WLUQGD‰HUPLWHLQHP6FKPHU]HQVVFKUHL KLQWHQEHU ILHO'DQQQDKPHUGDV0HVVHUDXIXQGZDUIHVEHU%RUG (U HQWVFKXOGLJWH VLFK EHL 7KHUHVD EHL PLU XQG 'RQ 3H GUR 'DV NRPPW GDYRQ ZHQQ PDQ VR YHUWHXIHOW KEVFKH :HLEHU DQ %RUG KDWå EUXPPWH HU XQG OXG XQV ]X HLQHP :KLVN\HLQ 'LHGUHL0LVVHWlWHUZXUGHQLQGHQ.LHOUDXPJHVSHUUWXQG DXI:DVVHUXQG%URWJHVHW]W'RQ3HGURZROOWHXQEHGLQJW DOOHGUHLHUVFKLH‰HQ(UJHElUGHWHVLFKZLHWROO ,FK ZLOO QLFKW VDJHQ HU KlWWH NHLQHQ *UXQG JHKDEW 'DV ZDU HV QLFKW ZDV PLFK XQG YRU DOOHP 7HG VW|UWH :LU IDQGHQ QXU GLH $UW YHUZXQGHUOLFK LQ GHU 'RQ 3HGUR PLW GHU 6DXIQDVH VSUDFK XQG WREWH XQG GLH 5HDNWLRQ GHV .D SLWlQV'DVVDK JDQ]VRDXVDOVZHWWHUH HLQ&KHIPLW VHL QHP$QJHVWHOOWHQGHULKPXPHLQ+DDUHLQJXWHV*HVFKlIW YHUGRUEHQKlWWH:LHNDPLFKQXUDXIGHQ*HGDQNHQ"*DE HVGHQQHLQDQGHUHVDOVXQVHUJHPHLQVDPHV*HVFKlIW" 8QGGHU.DSLWlQWUXJGRFKQLFKW6FKXOGDQ-RHV(QWJOHL VXQJ 2GHU KDWWH HU LKP GHQ $XIWUDJ JHJHEHQ PLFK ]X SURYR]LHUHQ"

,FK KDWWH NHLQHP JHVDJW GD‰ -RH PLFK KHUDXVIRUGHUQ ZROOWH QLFKW HLQPDO 7HG ZX‰WH GDYRQ :HQQ LFK LKP HU]lKOWHGD‰GHU.DSLWlQGLH*HVFKLFKWH« 9HUGDPPW QRFK PDO ,FK VFKDOW PLFK VHOEVW HLQHQ 1DU UHQ5FNWHQLFKW3HGURGHU6DXIQDVHDQVWlQGLJGHQ .RSI ]XUHFKW" 'D VROOWH HU PHLQHWZHJHQ LQV]HQLHUHQ ZDV HU ZROOWH :DV NPPHUWH HV PLFK DXFK GD‰ VLFK GLH EHLGHQ DOOHP$QVFKHLQQDFKVHLWOlQJHUHPNDQQWHQ" 'RQ 3HGUR EHGDQNWH VLFK EHL PLU LQ DOOHU )RUP IU GLH 5HWWXQJ VHLQHU 7RFKWHU 'DV ZHUGH LFK ,KQHQ QLH YHUJHV VHQ (UQHVWR 0HLQ HLQ]LJHV .LQG PHLQH 7KHUHVD KDEHQ 6LHEHVFKW]WXQG6LHKDEHQQLFKWJHIUDJWRE ,KUHLJHQHV /HEHQEHGURKWZDU,FKVWHKHWLHILQ,KUHU6FKXOG(UQHVWR ±LFKGDUIGRFK(UQHVWRVDJHQ"å (UGXUIWH±HUGXUIWHDOOHV³ 'HU.DSLWlQVHW]WHVLFKZLHGHU]X+DQMRDQGHQ7LVFK Ä'X GDUIVW QLFKW YHUJHVVHQ³ VDJWH HU ÄVHOEVW 7HG KDWWH ELVGDKLQQLFKWGHQJHULQJVWHQ%HZHLVLQ+lQGHQGD‰'RQ 3HGURXQVEHOZROOWH,FKELQVRJDUEHU]HXJWHUKLHOWGHQ 0H[LNDQHU QLFKW HLQPDO IU GHQ VFKOLPPVWHQ *DXQHU 'HVVHQ EHUJUR‰H )UHXQGOLFKNHLW ZDU GDV HLQ]LJH ZDV HU ]X %HJLQQ XQVHUHU 5HLVH DQ LKP DXV]XVHW]HQ KDWWH GD]X GLH YRU XQV JHKHLPJHKDOWHQH %HNDQQWVFKDIW PLW GHP .D SLWlQ XQG GHU 0DQQVFKDIW GHU 6ZDOORZå 'DV ZRJ VFKRQ VFKZHUHUDEHUHVEHVDJWHDXFKQRFKQLFKWV 7HG EOLHE ZHLWHUKLQ PL‰WUDXLVFK XQG ZDFKVDP 'DV VW|UWHPLFKMHGRFKZHQLJLFKZDUHVMDJHZ|KQWYRQLKP )U PLFK EHGHXWHWH MHGHU 7DJ HLQ QHXHV (UOHEQLV 'LHVH )DKUW QDFK 6GHQ ZDU VR HWZDV ZLH GLH 9RUVWXIH ]XP +LPPHO 0DQ LVW VFKRQ VHOLJ EHYRU VLFK HLQHP GDV HL JHQWOLFKH3DUDGLHV|IIQHWPLWDOOHP*ROGXQGDOOHUKLPPOL VFKHQ /LHEH 'RFK VR KLPPOLVFK ZDU PHLQH /LHEH JDU

QLFKW VLH ZDU GRFK UHFKW PHQVFKOLFKHU 1DWXU GDV KHL‰W LFKEHJQJWHPLFKQLFKWQXUGDPLW7KHUHVD DQ]XVFKDXHQ LKU YHUOLHEWH :RUWH LQV 2KU ]X IOVWHUQ LFK ZROOWH LKU VFKOLH‰OLFK DXFK PDO GHQ $UP XP GLH 6FKXOWHU OHJHQ LKU HLQHQ.X‰ JHEHQ1DMDGX ZHL‰WVHOEVWZDVPDQVR WXW 1LFKWV GD PHLQ -XQJH VLH ZDU EH]DXEHUQG ]X PLU DEHU HLQHQ.X‰" 'X ZHL‰W (UQVW LFK ELQ 0H[LNDQHULQ %HL XQV JLEW HV DQGHUH6LWWHQDOVEHLHXFKLQ'HXWVFKODQGXQGLQ$PHULNDå 'DQQOHJWHVLHPLUZRKOGHQ)LQJHURGHUGLH+DQGDXIGHQ 0XQG XQG HQW]RJ VLFK PLU PHLVW QLFKW RKQH ]X VHXI]HQ XQGGDPLWDQ]XGHXWHQGD‰LKUGLHVHPH[LNDQLVFKHQVWUHQ JHQ6LWWHQDXFKQLFKWJHILHOHQ 'DV(UJHEQLVZDUGD‰LFKLPPHUYHUUFNWHUZXUGHGD‰ LFK VLH EHVWUPWH PLFK QLFKW OlQJHU ]X TXlOHQ XQG ZHL‰ GHU+LPPHOZDVLFKLKUDOOHVVDJWH 6LHZROOHPLFKQLFKWTXlOHQZLHLFKQXUDXIGLHVHQ*H GDQNHQ NlPH" $FK VLH ZLVVH VHOEVW QLFKW PHKU HLQ QRFK DXV 6LH ZHLQWH 6LH ZHLQWH YRU /LHEHVNXPPHU 6R HFKW PDFKWHVLHGDVPHLQ-XQJHGD‰VLFKPLUGDPDOVGDV+HU] XPGUHKWH LP /HLE XQG LFK VFKZRU LKU QLHPDOV HLQ VFKOHFKWHV:RUW]XVDJHQ 1XQ ZHUGHQ MD LQ 0H[LNR JHQDX ZLH LQ 6SDQLHQ XQG 6GDPHULND GLH 0lGFKHQ WDWVlFKOLFK VR VWUHQJ JHKDOWHQ )UHLQHQ0DQQJLEWHVQXUHLQVKHLUDWHQRGHUYHU]LFKWHQ 'D LFK QXQ QLFKW EHUHLW ZDU ]X YHU]LFKWHQ XQG ZHLO LFK DQQDKP7KHUHVDN|QQHHVHEHQVRZHQLJVHLQZLHLFKEOLHE QXUGLHHUVWHGHUEHLGHQ0|JOLFKNHLWHQRIIHQ,FKZROOWHHV JDU QLFKW JODXEHQ GD‰ LFK DXVJHUHFKQHW LFK GHU *OFNOL FKHVHLQVROOWHGHU7KHUHVDKHLUDWHQGXUIWH 6LH KWHWH VLFK EHU GLHVHV 7KHPD RIIHQ ]X VSUHFKHQ DEHU $QGHXWXQJHQ KDWWH VLH VFKRQ ]XU *HQJH JHPDFKW

XQG VLH IDQG LPPHU ZLHGHU QHXH $OVR PX‰WH LFK WDSIHU VHLQPX‰WHVLHIUDJHQREVLHPHLQH)UDXZHUGHQZROOWH 'DVZDUOHLFKWHUJHGDFKWDOVJHVDJW:HQQZLULP6HJHO VFKDWWHQ QHEHQHLQDQGHU LQ GHQ /LHJHVWKOHQ ODJHQ IDQG LFK QLFKW GHQ 0XW GD]X XQG HU]lKOWH LKU OLHEHU YRQ ]X +DXVH6WDQGHQZLU DEHQGV DP +HFN XQG VFKDXWHQ LQ GDV TXLUOHQGHOHXFKWHQGH:DVVHUGDQQVFKZLHJHQZLUPLWXQ WHUODQJH=HLWXQGGLH)UDJHZXUGHVRODXWLQPLUGD‰LFK PHLQWH VLH EHUHLWV DXVJHVSURFKHQ ]X KDEHQ :HQQ ZLU GDQQ DXVHLQDQGHUJLQJHQ ± LKUH .DELQH ODJ GHU XQVHUHQ JHJHQEHU²ZDUGRFKDOOHVEHLPDOWHQJHEOLHEHQ0HLQH 6FKXO]HLWGLH*HVFKLFKWHYRQPHLQHP9DWHUGDV8QJOFN DXIGHU:HUIW±DOOHVZX‰WH7KHUHVDYRQPLUQXUQLFKWGD‰ LFKVLHKHLUDWHQZROOWH )UDOOH DQGHUHQDQ %RUGYHU JLQJHQ GLH 7DJH LQ HUPGHQGHU *OHLFKI|UPLJNHLW 'LH 0DQQ VFKDIW KDWWH ZHQLJ ]X WXQ 'LH .HUOHODJHQDQ'HFNXPKHUXQG G|VWHQ 7HG KDWWH VHLQHQ 3ODW] QHEHQ GHP 5XGHUJlQJHU GHU .DSLWlQ VRII +DUU\ EOLQ]HOWH PLU ]X ZHQQ HU PLFK PLW 7KH UHVD LUJHQGZR HUEOLFNWH XQG 'RQ 3HGUR VRUJWH EHL GHQ JH PHLQVDPHQ0DKO]HLWHQIU JXWH /DXQH 'LH KRFKJHVSDQQWHQ (UZDUWXQJHQ YRQ GHQHQ DOOH DP 7DJ XQVHUHU $EUHLVH HUIOOW ZDUHQ KDWWHQ VLFK YRQ GHU (LQI|UPLJNHLW GHV %RUGOHEHQVGHP*OHLFKPD‰YRQ:HOOHQ:LQGXQG6RQQH YHUGUlQJHQ ODVVHQ 5HFKW]HLWLJ ZUGHQ VLH ZLHGHU KHUYRU NRPPHQ GDUEHU EHVWDQG NHLQ =ZHLIHO 1XU PLFK KDWWHQ

GLH(UZDUWXQJHQQLFKWYHUODVVHQIUPLFKKLHOWGDV*OFN PHKU EHUHLW DOV LFK HUKRIIW +HXWH RGHU PRUJHQ VFKRQ NRQQWH LFK PLFK VHLQHU *DEH HUIUHXHQ LFK EUDXFKWH QXU 0XWIUHLQLJH:RUWH]XILQGHQ ,QGLHVHU6WLPPXQJPDFKWHPLU7HGHLQHVFKZHUZLHJHQ GH 0LWWHLOXQJ :LU QlKHUWHQ XQV GHU )ORULGDVWUD‰H %LV NXU]YRU 0LWWHUQDFKW ZDU LFK PLW 7KHUHVD DQ 'HFN JHZH VHQ KDWWH PLFK YRQ LKU DXI GHP *DQJ YHUDEVFKLHGHW XQG |IIQHWHGLH7U]XXQVHUHU.DELQH (VEUDQQWHNHLQ/LFKW ,FK WUDW ]X 7HG GHU DXI GHP 5DQG GHU .RMH VD‰ XQG PLU ZLQNWH .RPPPDOKHU]XPLU±HWZDVQlKHUåVDJWHHUXQG]RJ PLFK QHEHQ VLFK 0HLQH $KQXQJ KDW QLFKW JHWURJHQå EHJDQQ HU VR OHLVH GD‰ LFK LKQ NDXP YHUVWHKHQ NRQQWH 'LHVHU 6FKHL‰PH[LNDQHU LVW ]X IUHXQGOLFK DOV GD‰ HU HLQ DQVWlQGLJHU.HUOVHLQN|QQWHå 1DFK GLHVHU )HVWVWHOOXQJ HUNOlUWH HU PLU GD‰ HU HV VLFK ]XU $QJHZRKQKHLW JHPDFKW KDWWH QDFK GHP 0LWWDJHVVHQ QRFK HLQPDO LQ GLH .DELQH ]X JHKHQ XQG HLQH =LJDUUH ]X UDXFKHQ :HQQ HU DQVFKOLH‰HQG DQ 'HFN VWLHJ OLH‰ HU GLH .DELQHQWU RIIHQ ,FK ZLOO HV NXU] PDFKHQ 7HG ZDU HLQ )XFKV(UJLQJQLFKWMHGHQ7DJQDFKGHPHUVHLQH=LJDUUH JHUDXFKWDQ'HFN$QPDQFKHQ7DJHQNURFK HUXQWHUGLH .RMH 'DQQ VWDQG GLH .DELQHQWU RIIHQ XQG MHGHU GHU YRUEHLNDPVDKGD‰GHU5DXPOHHUZDU(UJLQJQXQ ZLH JHVDJW QLFKW LPPHU DQ 'HFN GRFK GDV ZX‰WH LFK QLFKW XQG YLHO ZHQLJHU ZX‰WHQ HV 'RQ 3HGUR XQG GHU .DSLWlQ 6LHGDFKWHQ7HGVHLDQ'HFN 'RQ 3HGURV .DELQH ODJ GHU XQVHUHQ JHJHQEHU 8P VL FKHU ]X VHLQ GD‰ VLH QLHPDQG EHODXVFKWH OLH‰HQ VLH GLH 7UZHLWRIIHQVWHKHQ'DVZDUJDUQLFKWGXPPGHQOHLVH VWHQ 6FKULWW DXI GHP *DQJ KlWWHQ VLH K|UHQ PVVHQ 6R

NDP HV GD‰ 7HG HLQLJHV YRQ LKUHP OHLVH JHIKUWHQ *H VSUlFK YHUVWHKHQ NRQQWH 1LFKW DOOHV DEHU HLQLJHV 8QG ZDVHUJHK|UWKDWWHZDUGLHV«ZHQQMHW]WVFKRQGDQQ XQQ|WLJ EHODVWHW « HUVW DEZDUWHQ RE ZLU « QDWUOLFK ILQGHQ ZLU « QLFKW VLFKHU ± 'LH -XQJV KDEHQ GLH 6FKQDX]HYROO«XQGLFKEHIHKOHVLHJHKHQQLFKW«8QG GDVZDU«å 'HU0DQQGHUDEZDUWHQZROOWHXQGEHIDKOZDU'RQ3H GUR XQG GHU XQEHGLQJW MHW]W VFKRQ ZROOWH GHVVHQ -XQJHQ GLH6FKQDX]HYROOKDWWHQGDVZDUGHU.DSLWlQ6HOWVDPHU ZHLVHZDU'RQ3HGURDXFKJDUQLFKWVRIHVWEHU]HXJWGD‰ ZLUGDV*ROGILQGHQZUGHQ 'LH6DFKHZDUJDQ]HLQIDFK.DSLWlQXQG0DQQVFKDIWHQ IRUGHUWHQ 7HG XQG LFK VROOWHQ VFKRQ MHW]W EHU %RUG IOLH JHQ 6LH ZDUHQ GHV 7KHDWHUVSLHOHQV PGH 'RQ 3HGUR GDJHJHQYHUWUDWGLH$XIIDVVXQJGD‰PDQVLFKQLFKWXQQ| WLJ PLW HLQHP 'RSSHOPRUG EHODVWHQ VROOH GHQQ HV N|QQWH VHLQGD‰GLH6DQWLVVLPD7ULQLGDGå QLFKWDXI]XILQGHQZlUH +DEH PDQ XQV DEHU EHUHLWV JHW|WHW VHL PDQ JH]ZXQJHQ RKQH MHGH %HXWH GHQ PH[LNDQLVFKHQ +DIHQ DQ]XODXIHQ GHQQ EHL HLQHU 5FNNHKU QDFK 1HZ
,FK YHUNUDFKWH PLFK PLW 7HG 0LW HLQHP 'XPPNRSI ]XVDPPHQ]XVHLQLVWVFKOLPPJHQXJåVDJWH HUDEHUPLW HLQHP GHU DXV VFKZDU] ZHL‰ PDFKW GDV LVW VHOEVW PLU ]XYLHOå

:HQQ HV HLQHQ 0HQVFKHQ JDE DXI GHQ LFK PLFK YHUODV VHQ NRQQWH VR ZDU HV 7HG 7HG UHGHWH QLFKW OHLFKWIHUWLJ GDKHU 7HG EHUOHJWH VLFK MHGHV :RUW (V PX‰WH HWZDV GDUDQ VHLQ DQ GHP ZDV HU PLU JHVDJW KDWWH $EHU 'RQ 3HGUR XQG 7KHUHVD NRQQWHQ XQP|JOLFK 9HUEUHFKHU VHLQ 7KHUHVDZDUIUPLFKGHU,QEHJULIIGHU$XIULFKWLJNHLWGHU UHLQHQ/LHEHGLHNHLQ)DOVFKNHQQWXQGNHLQH9HUVWHOOXQJ 7URW]GHP PHLQ 0L‰WUDXHQ ZDU JHZHFNW XQG LFK EH VFKOR‰LQ=XNXQIWEHVVHU2EDFKW]XJHEHQ(VWDWPLUZHK GDUDQGHQNHQ]XPVVHQ7KHUHVDV:RUWHLKU9HUKDOWHQ]X SUIHQ $PIROJHQGHQ$EHQGZDUVLH]lUWOLFKHUDOVVRQVW6ROOWH VLHHLQH$KQXQJGDYRQKDEHQZDV]ZLVFKHQ7HGXQGPLU JHVSURFKHQZRUGHQZDU" ,FKVFKlPWHPLFKPHLQHV0L‰WUDXHQV XQG GDFKWH GDUDQ GD‰ LFK XQEHODVWHW GXUFK 7HGV 0LWWHLOXQJ LKU 9HUKDOWHQ ZDKUVFKHLQOLFKJDQ]QRUPDOHPSIXQGHQKDEHQZUGH,FK ZDU KHXWH ]XUFNKDOWHQG XQG GDUXP NDP VLH PLU ]lUWOL FKHUYRUDOVVRQVW:LHGHPQXQDXFKLQ:DKUKHLWJHZHVHQ VHL LFK DFKWHWH GLHVPDO QLFKW LKUHU *HJHQZHKU VRQGHUQ ]RJVLHDQPLFKXQGN‰WHVLH8QGVLHOLH‰HVVLFKJHIDO OHQ$OVVLHPLFKGDQQODFKHQGIUDJWHRELFKVLHQXQKHL UDWHQ ZROOWH N‰WH LFK VLH ZLHGHU XQG VDJWH MD 8QG ZLU ZXUGHQ EHLGH JDQ] QlUULVFK YRU )UHXGH XQG LFK NRQQWH QLFKWDQGHUVLFKPX‰WHLKUVDJHQGD‰LFKVLHYRUNXU]HP QRFK YHUGlFKWLJW KDWWH VLH XQG LKUHQ 9DWHU XQG ZLH EO|G PDQGRFKPDQFKPDOVHLXQGLFKVFKlPWHPLFKZLUNOLFK

6LHHUVFKUDNXQGVDKPLUJUR‰LQGLH$XJHQ*DQ]GLFKW VWDQG VLH YRU PLU 8QG LQ GLHVHP $XJHQEOLFN KDWWH VLFK HWZDVHQWVFKLHGHQLQLKU:DVHVZDUZX‰WHLFKQLFKWDEHU LFKVSUWHHVQRFKHKHVLHPLFKIUDJWHZHUPLFKGHQQDXI GLHVH,GHHJHEUDFKWKDEH ,FKELQDOOHLQGDUDXIJHNRPPHQåDQWZRUWHWHLFKXQGHV ZDUPLUNODUGD‰VLHJHQDXZX‰WHQXU7HGNDQQLKQEHHLQ IOX‰WKDEHQ6LHVFKLPSIWHPLFKDXVXQGYHUVXFKWHZLHGHU VR QHWW ]X VHLQ ZLH YRUKHU (V JHODQJ LKU QLFKW 'DV :RUW +HLUDWZXUGHYRQNHLQHPPHKUHUZlKQWXQGLFKZQVFKWH LKUEDOGHLQHJXWH1DFKW 'XUFK GDV %XOODXJH NRQQWH LFK GHQ VWHUQHQEHUVlWHQ +LPPHO VHKHQ HLQHQ NUHLVUXQGHQ $XVVFKQLWW 'LH 6WHUQH VFKLHQHQ PLU KHOOHU ]X VHLQ DOV DOOH GLH LFK MH JHVHKHQ 8QG LFK NDP PLU DQJHVLFKWV GLHVHU *U|‰H GLHVHU HUKDEH QHQ 8QHQGOLFKNHLW VR JHULQJ YRU GD‰ LFK ]XP HUVWHQPDO DP 6LQQ GHV /HEHQV ]X ]ZHLIHOQ EHJDQQ ,FK ]HUPDUWHUWH PLU GHQ .RSI RE LFK 7KHUHVD XQUHFKW WDW RGHU 7HG 9LHO OHLFKW ]RJ VLFK DXFK VFKRQ GDV 9HUKlQJQLV EHU XQV ]X VDPPHQ QXU ZHLO LFK HLQ XQEHGDFKWHV :RUW JHVSURFKHQ" 6RYLHO+D‰XQG/LHEH0L‰WUDXHQXQGWUHXH)UHXQGVFKDIW 'DV YHUVFKPLO]W XQG UHL‰W DXVHLQDQGHU GDV ZLQGHW VLFK XQG NUPPW VLFK DXI GLHVHU (UGH XQG GX ILQGHVW QLFKW KHUDXVDXVGHP*HZKOZHLOGHU.RPSD‰LQGHLQHU%UXVW YHUVDJWXQGQLFKWHLQPDOPLW+LOIHGHU6WHUQHGLHVRQDK XQGVRNODUEHUDOOHPVWHKHQJHOLQJWHVGLUGHQUHWWHQGHQ .XUVDE]XVWHFNHQ 'LHVH 1DFKW ZHUGH LFK QLFKW YHUJHVVHQ N|QQHQ -HGHQ $XJHQEOLFN HUZDUWHWH LFK GD‰ 'RQ 3HGUR PLW HLQLJHQ 0DWURVHQNlPH7HGXQGPLFK]XP6FKZHLJHQ]XEULQJHQ :HQQ LKP 7KHUHVD EHULFKWHW KDWWH GD‰ ZLU 9HUGDFKW JH VFK|SIWGDQQVFKOR‰VLFKDXFKLKU9DWHUGHU0HLQXQJGHV

.DSLWlQV DQ XQG ZDUWHWH QLFKW HUVW DE RE ZLU GDV *ROG ILQGHQZUGHQRGHUQLFKWGDQQJLQJHVLQGLHVHU1DFKWPLW XQV]X(QGH 8QGZHQQ7HGUHFKWKDWWHPLWVHLQHU%HKDXSWXQJZHQQ ZLUHVPLW9HUEUHFKHUQ]XWXQKDWWHQGDQQPX‰WHHV7KH UHVDLKUHP9DWHUEHULFKWHWKDEHQ ,PPHUDXIVQHXHHULQQHUWHLFKPLFKLKUHV(UVFKUHFNHQV 'LH6WHUQHYHUEOD‰WHQXQGQLFKWVZDUJHVFKHKHQ 0LU ZlUH HV JOHLFK JHZHVHQ ZHQQ LFK JHW|WHW ZRUGHQ ZlUH (V ZDU GRFK VR VLQQORV 0DQ ZDU GHP *OFN VR QDKH PDQ JODXEWH HV JHUDGH JHID‰W ]X KDEHQ LQ GHQ $U PHQ]XKDOWHQGDHQW]RJHVVLFKHLQHPXQGZDQGHOWHVLFK LQHUElUPOLFKHQ6FKPXW]LQ*HPHLQKHLWXQG*LHU $EHUHVJLQJMDQLFKWQXUXPPLFKHVJLQJDXFKXP7HG XQG XP +DUU\ $Q +DUU\ KDWWH LFK ELVODQJ QLFKW JHGDFKW (UKDWWHVHLQHQ-REDOV+DIHQWDXFKHUDXIJHJHEHQXQGVLFK XQV DQJHVFKORVVHQ ZHLO LKQ GDV $EHQWHXHU ORFNWH (LQ 6FKDW]VFKLII ]X KHEHQ ZDU UHL]YROOHU DOV 7DJ IU 7DJ LP 0XOP GHU +DIHQEHFNHQ ]X ILVFKHQ +DUU\ GDFKWH QLFKW DQGHUVDOVLFK0LU ZXUGHSO|W]OLFKEHZX‰W ZLH QDKH ZLU EHLGHXQV JHNRPPHQ ZDUHQ 2KQH GDV 0lGFKHQ DQ %RUG KlWWH PLFK MXQJHQ .HUO GLH )UHXQGVFKDIW PLW +DUU\ XQG 7HGDXVJHIOOWXQGEHJHLVWHUW:DVZDUHQGDVIU0lQQHU :DV KDWWH +DUU\ DOOHV HUOHEW DXI GHP 0HHUHVJUXQG (U ZUGHDQXQVHUHU6HLWHVWHKHQZHQQHVVRZHLWZDUXQGHU ZUGHDXFKXQVHU6FKLFNVDOWHLOHQ 'HU DQEUHFKHQGH 7DJ ZDU VRQQLJ XQG KHLWHU (U XQWHU VFKLHG VLFK LQ QLFKWV YRQ DOOHQ DQGHUHQ 7DJHQ GLH ZLU DQ %RUG KDWWHQ 'RQ 3HGUR VRUJWH IU JXWH /DXQH DP )UK VWFNVWLVFK GHU .DSLWlQ WUDQN VHLQHQ 6FKQDSV GLH 0DQQ VFKDIW OXQJHUWH DQ 'HFN KHUXP 7HG VWDQG QHEHQ GHP 5XGHUJlQJHU XQG +DUU\ EOLQ]HOWH PLU ]X XQG ZLHJWH EH

GHQNOLFKGHQ.RSIZHLOHUVDKGD‰]ZLVFKHQ7KHUHVDXQG PLU QLFKW DOOHV LP /RW ZDU 'DV ZDU GHU HLQ]LJH 8QWHU VFKLHG]XGHQDQGHUHQ7DJHQ7KHUHVDZDUQLFKWXQIUHXQG OLFKDEHUVLHYHUPLHGHVPLWPLUDOOHLQ]XVHLQ 6LHKDWWHDOVRLKUHP9DWHUQLFKWVJHVDJW'RQ3HGURGHP XQVHUH 9HUVWLPPXQJ VFKOLH‰OLFK DXIILHO WU|VWHWH PLFK VRJDU)UDXHQVLQGODXQLVFKåPHLQWH HUPDFKHQ6LHVLFK QLFKWV GDUDXV (UQHVWR 7KHUHVD JOHLFKW LKUHU 0XWWHU ,FK KDEH VLH EHU DOOHV JHOLHEW ZLU ZDUHQ VHKU JOFNOLFK PLW HLQDQGHU±DEHUDXFKVLHKDWWHLKUH/DXQHQå ,FK ZDU QDKH GDUDQ ]X JODXEHQ GD‰ 7KHUHVD QXU GXUFK PHLQH9HUGlFKWLJXQJYHUVWLPPWVHL$EHU HLQ*HIKOGDV LFKPLUGDPDOVQLFKWHUNOlUHQNRQQWHKLHOWPLFKGDYRQDE GDVDOVHLQ]LJHQ*UXQGDQ]XVHKHQ³

'HU=ZHLWH6WHXHUPDQQNORSIWHDQGLH7U(UKDWWHGHQ .DSLWlQ UHGHQ K|UHQ XQG PHOGHWH DOOHV NODU (V ZDU :DFKDEO|VXQJ GHU (UVWH KDWWH GLH %UFNHQZDFKH EHU QRPPHQ XQG GHU =ZHLWH KDWWH DQVFKHLQHQG QRFK GDV %HGUIQLV HLQ ZHQLJ ]X NO|QHQ Ä/D‰ XQV DOOHLQ³ VDJWH GHU.DSLWlQÄ:LUKDEHQJHUDGHHWZDVZDVQXUXQVEHLGH DQJHKW.RPPQLPPHLQHQ6FKOXFNEHYRUGXLQGLH.RMH NULHFKVW³ (UKROWHHLQGULWWHV*ODVDXVGHP:DQGVFKUDQN 'LH'XQNHOKHLWLQGHU.DMWHZXUGHGXUFKGDV/LFKWGHU 6WHUQH XQG GHQ VFKZDFKHQ 6FKHLQ GHU 0RQGVLFKHO GLH MHW]WXP0LWWHUQDFKWEHUGLH.LPPNURFKJHPLOGHUW'DV PDWWH 6LOEHUOLFKW JHLVWHUWH LQ JOHLFKI|UPLJHQ NOHLQHQ :HO OHQ EHU GLH QLHGULJH 'HFNH 6LH WUDQNHQ GHQ *LQ GHU ZDUP JHZRUGHQ ZDU XQG VFKHX‰OLFK VFKPHFNWH +DQMR VFKWWHOWHVLFK 'HU =ZHLWH ODFKWH VDJWH JXWH 1DFKW XQG +DQMR ZDU

ZLHGHUPLWGHP$OWHQDOOHLQ 'LHVHPJHODQJHVQLFKWVLFKVRIRUWZLHGHUDXIVHLQH(U ]lKOXQJ XP]XVWHOOHQ (U OLHI HLQ :HLOFKHQ DXI XQG DE EOLHE GDQQ YRU GHP %XOODXJH VWHKHQ XQG VFKDXWH DXI GDV LP0RQGOLFKWVFKLPPHUQGH:DVVHU Ä$PYLHUWHQ7DJVLFKWHWHQZLUGLH$ODFUDQHVLQVHOQ³'HU $OWHVSUDFKOHLVHIDVWIHLHUOLFKZDQGWHVLFKXPXQGZLH GHUGXUFKPD‰HUGHQ5DXPPLWODQJHQ6FKULWWHQ Ä'X VLHKVW HLQ SDDU %HUJVSLW]HQ DXIUDJHQ HLQHQ IHLQHQ GXQNOHQ6WULFKXQGHVIOLPPHUWLP6RQQHQJODVWGHUEHU GHU .LPP OLHJW GDV LVW DOOHV :DVVHU VR ZHLW GDV $XJH UHLFKW VWUDKOHQG EODXHU +LPPHO XQG HLQ 6FKLII PLW HLQHU +RUGH 9HUUFNWHU DQ %RUG 8QG GX ELVW YRQ DOOHQ GHU 9HUUFNWHVWH³ (UVDJWHGDVZLHHLQ9DWHU]XVHLQHP-XQJHQOHJWHVHLQH +DQG DXI +DQMRV $UP ]RJ GHQ 6WXKO KHUDQ XQG VHW]WH VLFK Ä6FKDGHW QLFKWV (LQ JDQ] YHUWURFNQHWHU DEJHEUKWHU 3ODWWILVFKPX‰GDVVHLQGHUZHL‰GD‰GDXQWHQHLQ6FKLII OLHJW VHLW GUHLKXQGHUW -DKUHQ ± GHU DOOH 9RUDXVVHW]XQJHQ KDWHV]XILQGHQXQGGDQQQRFKGLH5XKHEHZDKUW 6RJDU 7HG ZXUGH QHUY|V (U VFKLHQ DOOHV YHUJHVVHQ ]X KDEHQ+LHU JLQJ HV XP VHHPlQQLVFKHV .|QQHQ YHUVWHKVW GX (U NDQQWH MD GHQ 0H[LNDQLVFKHQ *ROI NDXP ZHQLJHU JXWDOVGHU.DSLWlQGHU6ZDOORZå :LUVWDQGHQQHEHQGHP0DQQDP5XGHUXQGVXFKWHQPLW )HUQJOlVHUQ GLH GUHL 3XQNWH DQ /DQG GLH GHU .DSLWlQ ]XU 2ULHQWLHUXQJEUDXFKWH (V ZDU HLQ PKVDPHV %HJLQQHQ ,Q GUHLKXQGHUW -DKUHQ NRQQWH VLFK YLHOHV YHUlQGHUW KDEHQ JDQ]H %HUJH NRQQWHQ DEJHWUDJHQZRUGHQVHLQ 'LH6ZDOORZå NUHX]WHODQJVDPJHJHQGLH,QVHOQDXI'HU

DOWH.DSLWlQULHEVLFKGLH1DVHNUDW]WHVLFKDP.RSIXQG VDJWH'DVP‰WHQVLHVHLQå 7HG QLFNWH $OV HU DEHU GLH JHVDPWH %HVDW]XQJ DQ GHU 5HOLQJKlQJHQVDKGDGUHKWHHUVLFKXPXQGJLQJZHJ(LQ %OLFNLQGLHJLHULJHQ*HVLFKWHUKDWWHLKPJHQJW 6WHOO GLU YRU ZLH LKP ]XPXWH JHZHVHQ VHLQ PX‰ (U ZX‰WHZDVXQVEHYRUVWDQGDEHUZDVVROOWHHUWXQ"1LFKWV NRQQWH HU WXQ JDU QLFKWV (U GXUIWH VLFK QLFKWV DQPHUNHQ ODVVHQ HU ZDU KLOIORV NRQQWH VLFK QLFKW HLQPDO DXI PLFK YHUODVVHQ ,P $XJHQEOLFN ZHQLJVWHQV QRFK QLFKW ,FK ZDU MD EOLQG LFK VWDQG XQWHU 1DUNRVH LFK ZDU QLFKW ]XUHFK QXQJVIlKLJ .HLQH0|JOLFKNHLW]XU5HWWXQJXQGGDQQQRFKGLH5XKH EHZDKUHQ-XQJHZHQQLFKKHXWHZLHGHUGDUDQGHQNH« 'DPDOVGDFKWHLFKQLFKWGDUDQ ,FKKLQJ JHQDXVRDQGHU 5HOLQJ ZLH GLH *DQRYHQ GLH VLFK GLH 6DXIQDVH DXV GHQ EHOVWHQ 6SHOXQNHQ ]XVDPPHQJHVXFKW KDEHQ PX‰WH XQG GLH DOOH UHLI JHZHVHQ ZDUHQ IU 6LQJ6LQJ EHYRU VLH ]X LKPDQ%RUGNDPHQ (LQV DEHU PX‰WH PDQ GHP .DSLWlQ ODVVHQ (U YHUVWDQG VHLQ )DFK (U KDWWH GLH /DQGPDUNHQ DXVJHPDFKW XQG VWHXHUWHGLH6ZDOORZå DXIGLHEHLGHQ (UK|KXQJHQ ]X GLH MHW]W VFKRQ IU GDV EOR‰H $XJH GHXWOLFK VLFKWEDU ZXUGHQ 'HU$XVJXFNLP.RUEPHOGHWH%UDQGXQJYRUDXVå 6FKlXPHQGEUDFKHQVLFKGLH:HOOHQDQGHQ.RUDOOHQULI IHQ (LQH ZHLWH %XFKW WDW VLFK DXI :DU HV GLH %XFKW GLH ZLUVXFKWHQ" 'HU.RUDOOHQJUWHO]RJVLFKEHU0HLOHQKLQDQHLQLJHQ 6WHOOHQ UDJWHQ ]DFNLJH 5LIIH DXV GHP :DVVHU :HU ZHL‰ ZLH YLHOH 6FKLIIH DXI GHQ WFNLVFKHQ 8QWHUZDVVHUULIIHQ GHQ7RGJHIXQGHQKDWWHQ 'LH 6DQWLVVLPD 7ULQLGDGå MHGHQIDOOV QLFKW 6LH ZXUGH

JHNDSHUWEHYRUVLHDXIJHODXIHQZDU $EHU ZHUEUJWHXQV GDIU GD‰ GLH $QJDEH GHV .DSLWlQV GHU +LVSDQLRODå VWLPPWHGHU]XIROJHVLHLQHWZDGUHL‰LJ)DGHQ7LHIHOLHJHQ P‰WHGDVZlUHQ UXQG IQI]LJ 0HWHU QDFK XQVHUHU 5HFK QXQJ'DVZDUGLHHLQ]LJHXQJHQDXHZHLODOOHP$QVFKHLQ QDFK DXV GHU /XIW JHJULIIHQH $QJDEH GLH GHU .DSLWlQ JHPDFKWKDWWH :RKHU ZROOWH HU ZLVVHQ ZLH WLHI HV DQ GHU 8QWHUJDQJV VWHOOH ZDU" (U KDWWH GRFK ZHL‰ *RWW DOOHV DQGHUH ]X WXQ JHKDEWDOVGLH7LHIH]XPHVVHQ ,FK IKOWH ZLH PLU GHU $QJVWVFKZHL‰ DXVEUDFK 0HLQH ELVKHULJH6LFKHUKHLWZDU]XP7HXIHO-HW]WZRZLUDQ2UW XQG 6WHOOH ZDUHQ MHW]W NDPHQ PLU WDXVHQG %HGHQNHQ :HQQ GLH *DOHRQH LP IUHLHQ :DVVHU DEJHVRIIHQ ZDU NRQQWHVLHJHQDXVRJXWGUHLKXQGHUWRGHUWDXVHQG)DGHQWLHI OLHJHQ :LU VWDQGHQ LP .DUWHQ]LPPHU 'RQ 3HGUR +DUU\ 7HG XQG LFK 'HU .DSLWlQ KDWWH HLQH JHQDXH 6WDQGRUWPHVVXQJ GXUFKJHIKUWXQGYHUJOLFKXQVHUH3RVLWLRQPLWGHQ:HUWHQ GLHVHLQH9RUJlQJHUDQJHJHEHQKDWWHQ $OOHVVWLPPWH :LU PX‰WHQ LQ GHU %XFKW OLHJHQ GLH YRU GUHLKXQGHUW-DKUHQGHQ7RGHVNDPSIGHVVSDQLVFKHQ6FKLI IHVPLWDQJHVHKHQKDWWH (V ZDU JDU NHLQH %XFKW HV ZDU HLQ ZHLWHU %RJHQ GHU GXUFK GLH 8QWHUZDVVHUULIIH JHELOGHW ZXUGH NHQQWOLFK QXU DQ GHU VFKlXPHQGHQ %UDQGXQJ (U HUVWUHFNWH VLFK ]ZHL 0HLOHQLQQRUGVGOLFKHU5LFKWXQJXQGZDUQDFK2VWHQDXI GLH $ODFUDQHVLQVHOQ ]X JHUXQGHW +LQWHU GLHVHU %DUULHUH ODJUXKLJHV:DVVHU 'LH VFKPDOVWH 6WHOOH GHV GHU .VWH YRUJHODJHUWHQ 5LII JUWHOVZDUKLHUXQGZDKUVFKHLQOLFKKDWWHGHU.DSLWlQGHU 6DQWLVVLPD 7ULQLGDGå YHUVXFKW EHU GLHVHQ JHIlKUOLFKHQ

.DPP KLQZHJ]XNRPPHQ XQG GDEHL JHKRIIW GD‰ VHLQ 9HUIROJHUDXIODXIHQZUGH 6R GDFKWHQ ZLU MHGHQIDOOV DOV ZLU GHQ 6FKDXSODW] GHU .DWDVWURSKHLQ$XJHQVFKHLQQDKPHQ (LQ YHU]ZHLIHOWHU 9HUVXFK PX‰WH HV JHZHVHQ VHLQ $EHU GDV(QGHZDUVFKRQGDEHYRUHUDXVJHIKUWZHUGHQNRQQWH ,Q GHU 0LWWH GLHVHV %RJHQV VROOWH GDV 6FKLII OLHJHQ GDV ZLUVXFKWHQ 'HU.DSLWlQOLH‰GHQ$QNHUDXVZHUIHQEHLIQIXQGYLHU ]LJ0HWHUQIDQGHU*UXQG +DUU\NOHWWHUWHLQ VHLQHQ *XPPLDQ]XJ :LU VHW]WHQ LKP GHQ.XSIHUKHOPDXIVFKUDXEWHQLKQIHVWGLH%OHLJHZLFKWH ZXUGHQ EHIHVWLJW GLH EHLGHQ 0DWURVHQ DQ GHU /XIWSXPSH EHJDQQHQLKUH$UEHLWXQGODQJVDPXQGVFKZHUIlOOLJNOHW WHUWH+DUU\GLHEUHLWH(LVHQOHLWHUKLQXQWHULQV:DVVHU ,FK VDK GXUFK GLH UXQGH *ODVVFKHLEH XQG GUFNWH LKP EHLGH'DXPHQ (UODFKWH 'DV :DVVHU VFKOXJ EHU GHP +HOP ]XVDPPHQ JUR‰H /XIWEODVHQZLUEHOWHQDXI(LQLJH6HNXQGHQVFKLPPHUWHGHU +HOPQRFK JROGHQ GDQQ VDKHQ ZLU QXU HLQHQ XQI|UPLJHQ 6FKDWWHQGHULQGLH7LHIHJOLWW :LU PX‰WHQ GLH 3DXVHQ HLQKDOWHQ LQ GHQHQ VLFK +DUU\V .|USHUDQGHQYHUlQGHUWHQ'UXFNJHZ|KQHQNRQQWH =ZHL6WXQGHQGDXHUWHHVELVHUXQWHQZDU +lWWHQ ZLU HLQHQ 7DXFKSDQ]HU JHKDEW ZlUH DOOHV NHLQ 3UREOHPJHZHVHQDEHUZLUKDWWHQNHLQHQ9RQGHQZHQL JHQ 7LHIVHHDXVUVWXQJHQ GLH HV GDPDOV JDE KlWWHQ ZLU HUVW (QGH QlFKVWHQ -DKUHV HLQH PLHWHQ N|QQHQ XQG GHU 3UHLV GHQ PDQ GDIU IRUGHUWH ZDU VHOEVW 'RQ 3HGUR ]X KRFK :LU PX‰WHQ XQV PLW GHP EOLFKHQ 7DXFKHUDQ]XJ GHP6NDSKDQGHUEHJQJHQXQGJODXEPLUGLH]ZHL6WXQ

GHQ GLH +DUU\ EUDXFKWH GLH HUVFKLHQHQ XQV ZLH HLQH(ZLJNHLW

$EHUGDQQZDUHUXQWHQ XQG « LP QlFKVWHQ $X JHQEOLFN ZUGH HU DQ GHU 6LJQDOOHLQH UHL‰HQ =LHKW PLFK KRFK GDV :UDFN LVW JHIXQGHQ$EHUHUVLJQDOL VLHUWHJDUQLFKWV(UVXFKWH GHQ *UXQG DE XQG QDFK ]ZHL 6WXQGHQ KROWHQ ZLU LKQQDFKREHQ 'DV +RFK]LHKHQ GDXHUWH ZLHGHU]ZHL6WXQGHQ YRQ GHQ VHFKV 6WXQGHQ GLH HU XQWHU :DVVHU JHZHVHQ ZDU KDWWH HU QXU ]ZHL IU VHLQH HLJHQWOLFKH $UEHLW YHUZHQGHQN|QQHQ (U VWLHJ DQ %RUG :LU VFKUDXEWHQ LKP GHQ +HOP DE 1LFKWV ORVå VDJWH HU .DKOH )HOVHQ ZHLWHU QLFKWVå 'XNDQQVWGLUYRUVWHOOHQ ZLHHQWWlXVFKWZLUZDUHQ +DUU\ DEHU JULQVWH VFKD GHQIURK :HQQ GDV VR HLQIDFK ZlUH ZLH LKU

GHQNWå VDJWH HU GDQQ OLHIHQ VFKRQ HLQ SDDU KXQGHUW 0LO OLRQlUHPHKUUXPDXIGHU:HOWå )UGHQHUVWHQ7DJOLH‰HQZLUHVEHLGHPHLQHQ$EVWLHJ DEHU DP QlFKVWHQ 0RUJHQ HV ZDU NDXP KHOO JHZRUGHQ VWDQGHQZLUDOOHDQ'HFN 'LH 6ZDOORZå KDWWH GHQ $QNHUSODW] JHZHFKVHOW XQG +DUU\VWLHJ]XP]ZHLWHQPDOKLQDE :LUZDUWHWHQDXIHLQ=HLFKHQ(VNDPNHLQV« 'DNXU]EHYRUZLULKQKRFK]LHKHQPX‰WHQUL‰HUDQGHU /HLQH(UZLOOGDV1HW]KDEHQåVFKULHQGLH0lQQHUDQGHU :LQVFK ,FK ]LWWHUWH DP JDQ]HQ .|USHU 'DV 1HW] ZROOWH HU KD EHQ"'DQQPX‰WHHUHWZDV«-DDEHUZDVKDWWHHUJHIXQ GHQ" 'DV 1HW] ZXUGH KLQXQWHUJHODVVHQ (LQLJH =HLW YHUJLQJ GDQQEHJDQQGLH:LQVFK]XNQDUUHQ0HWHUIU0HWHUOHJWH VLFKGLH6WDKOWURVVHXPGLH7URPPHO(LQVFKZDU]HU)OHFN HUVFKLHQLPJUQOLFKHQ:DVVHUVFKQHOONDPHUK|KHU±XQG GDQQ VFKZHEWH GDV VWDUNH 1HW] GXUFK GLH /XIW ZXUGH DQ %RUG JHVFKZHQNW (LQ Y|OOLJ EHUNUXVWHWHU OlQJOLFKHU *HJHQVWDQG SROWHUWH VFKZHU DXI GLH 'HFNVSODQNHQ :LU VWU]WHQ KLQ]X XQG IDQGHQ EHVWlWLJW ZDV ZLU LP HUVWHQ $XJHQEOLFN YHUPXWHW KDWWHQ 9RU XQV ODJ HLQ DOWHV .DQR QHQURKU (LQH NOHLQH 6FKLIIVNDQRQH EHU XQG EHU PLW 0XVFKHOQEHVHW]W :LUEUDFKHQLQHLQ )UHXGHQJHKHXO DXVXQGILHOHQ HLQDQ GHUXPGHQ+DOV:HQQ+DUU\HLQH.DQRQHKHUDXIVFKLFNWH GDQQ PX‰WH HU GDV :UDFN JHIXQGHQ KDEHQ GDQQ ODJ GRUW XQWHQ GLH 6DQWLVVLPD 7ULQLGDGå GLH .DQRQH KLHU YRU XQV LQ GHU :DVVHUODFKH ZDU HLQH GHU ]Z|OI GLH VLH DQ %RUG JHKDEWKDWWH (QGOLFKWDXFKWHDXFK+DUU\DXI(UZDUQRFKLP:DVVHU

KDWWH JHUDGH GLH XQWHUVWH /HLWHUVSURVVH HUID‰W GD OHJWH HU VLFKHWZDV]XUFNGDPLWHUXQVVHKHQNRQQWHXQGPDFKWH HLQH EHVFKZLFKWLJHQGH +DQGEHZHJXQJ 8QVHUH QlUULVFKH )UHXGHEHNDPHLQHQ'lPSIHU 'DV :UDFN KDWWH HU QLFKW JHIXQGHQ 'LH .DQRQH ZDU VRZHLW HU GDV IHVWVWHOOHQ NRQQWH GDV HLQ]LJH 6WFN GRUW XQWHQ DXI GHP 0HHUHVJUXQG GDV PLW 0HQVFKHQKlQGHQ LQ %HUKUXQJJHNRPPHQZDU 1XQ GDV ZDU QRFK NHLQ %HLQEUXFK 6WU|PXQJ XQG ZHU ZHL‰ ZHOFKH DQGHUHQ 8PVWlQGH NRQQWHQ GLH VLQNHQGH *DOHRQH DEJHWULHEHQ KDEHQ (V ZDU VRJDU VHKU ZDKU VFKHLQOLFK GD‰ GLH VFKZHUHQ *HVFKW]H YHUVWUHXW DP 0HHUHVJUXQG ODJHQ 6LH PX‰WHQ YRQ GHP VLFK QHLJHQGHQ 'HFNJHUXWVFKWXQGVHQNUHFKWJHVXQNHQVHLQZlKUHQGGDV 6FKLIILKQHQODQJVDPDXIHLQHU JHNUPPWHQ %DKQJHIROJW ZDU :LUKDWWHQGHQ0XVFKHOEHODJDQHLQLJHQ6WHOOHQHQWIHUQW (VNDPHQ JXWHUKDOWHQH9HU]LHUXQJHQ]XP9RUVFKHLQ DEHU QLFKWGHU1DPHGHV6FKLIIHVGHQZLUXQVHUKRIIWKDWWHQ $EHUDXFKVRJDEHVNHLQHQ*UXQGGHQ.RSIKlQJHQ]X ODVVHQDOOHVVSUDFKGDIUGD‰ZLUDPUHFKWHQ2UWZDUHQ +DUU\ODJLQ:ROOGHFNHQJHKOOWXQGUXKWHVLFKDXV:LU KDWWHQ VFKRQ RIW EHU GLH 7DXFKHUHL JHVSURFKHQ XQG HV ZDU DEJHPDFKWH 6DFKH GD‰ DXFK LFK HLQPDO LQ GLH 7LHIH VWHLJHQZUGH +DVWGX/XVW"å IUDJWHHUXQGNQLIIHLQ$XJH]X 'DV ZDU HLQH )UDJH ,P VWLOOHQ ]DSSHOWH LFK VFKRQ DEHU HV JHKW GRFK VFKOHFKW DQ GD‰ PDQ DOV EOXWLJHU $QIlQJHU GHP DQGHUHQ GLH VLFKHUHQ /RUEHHUHQ YRU GHU 1DVH ZHJ VFKQDSSW'DV:UDFNPX‰WHJDQ]LQGHU1lKHOLHJHQ:HU DOV QlFKVWHU UXQWHUJLQJ GHU PX‰WH MD PLW GHU 1DVH GUDXI VWR‰HQ

:HQQ +DUU\ QLFKWV GDJHJHQ KDWWH %LWWH VFK|Q LFK ZDU EHUHLW ,FK ]RJ GLH :ROOVDFKHQ DQ NOHWWHUWH LQ GHQ *XPPLDQ ]XJ XQG DOV LFK GHQ +HOP DXIKDWWH XQG GLH DQGHUHQ DOOH XP PLFK KHUXP KDQWLHUHQ VDK GD ZXUGH PLU GRFK HLQ EL‰FKHQNRPLVFK]XPXWH 6LH VWOSHQ GLU GHQ %OHFKKHOP EHU XQG GX IKOVW GLFK YRQ GHU $X‰HQZHOW DEJHVFKQLWWHQ 'X VWHKVW QRFK DQ 'HFNDEHUKDOEELVWGXVFKRQLQHLQHUDQGHUHQ:HOW ,FK ZDU IXUFKWEDU DXIJHUHJW DEHU LFK EHKHUUVFKWH PLFK VR JXW LFK NRQQWH XQG OlFKHOWH DOOHQ ]X GLH GXUFK GLH 6FKHLEHJXFNWHQ'RQ3HGURNDP]XPLU7HG±QXU7KHUH VDQLFKW 6LHZX‰WHGRFKGD‰LFK]XPHUVWHQPDOKLQDEVWLHJ 'LHGLFNHQ%OHLVRKOHQHUVFKZHUWHQGDV/DXIHQ'LH/XIW GLHLFKDWPHWHVFKPHFNWHQDFK*XPPLXQGGDV=LVFKHQ GDVVLHEHLP(LQVWU|PHQYHUXUVDFKWHZDUZLGHUOLFK (V NRVWHWH PLFK HLQLJH $QVWUHQJXQJ ]XU /HLWHU ]X JH ODQJHQ9RUVLFKWLJVHW]WHLFKGHQ)X‰DXIGLHHUVWH6SURVVH (VLVWJDQ]HLJHQDUWLJ6RHEHQELVWGXQRFKYRQJROGIDU EHQHP 6RQQHQOLFKW XPIOXWHW GDQQ ZLVFKW GLU HLQHU EHU GLH *ODVVFKHLEH XQG SO|W]OLFK ELVW GX LQ HLQHU VWUDKOHQG JUQHQ:HOW 'HU 5RVW DP 6FKLIIVUXPSI GHLQH +lQGH GLH DXISHUOHQ GHQ/XIWEODVHQXQGGDV6RQQHQOLFKWGDVLQVFKUlJHQ%DK QHQGDV:DVVHUVFKQHLGHW±DOOHVOHXFKWHWLQHLQHPKHOOHQ *UQ VR LQWHQVLY GD‰ GX HV EHL JHVFKORVVHQHQ $XJHQ ZDKUQLPPVW ,FKVFKDXWHQDFKREHQ hEHU GLU LVW HLQH JHZDOWLJH *ODVSODWWH HLQH *ODVSODWWH GLH VLFK EHZHJW LQ XQXQWHUEURFKHQHU )ROJH ODXIHQ NOHLQH :HOOHQ GDUEHU KLQ 6RQQHQUHIOH[H KXVFKHQ KLQ XQG KVU

GDVJOLW]HUWXQGJOHL‰WXQGLVWGRFKQXUGLHJDQ]JHZ|KQOL FKH :DVVHUREHUIOlFKH QXU GD‰ GX VLH HLQPDO YRQ XQWHQ VLHKVW 'LH 0lQQHU GLH VLFK EHU GLH 5HOLQJ EHXJWHQ HUVFKLH QHQPLUJURWHVNYHU]HUUW ,FKOLH‰GLH/HLWHUORVXQGVFKZHEWHODQJVDPQDFKXQWHQ 'HU 6FKLIIVUXPSI KLQJ ZLH HLQH GXQNOH *RQGHO EHU PLU LP/LFKW)LVFKVFKZlUPHXPVSLHOWHQLKQ ,FK VSUWH GHQ ]XQHKPHQGHQ 'UXFN LQ GHQ 2KUHQ VFKOXFNWHHLQSDDUPDOXQG|IIQHWHGDV9HQWLO 'LH 6RQQHQVWUHLIHQ YHUVFKZDQGHQ HV ZDU LPPHU QRFK KHOO DEHU GDV JUQH /LFKW NDP YRQ EHUDOOKHU YRQ DOOHQ 6HLWHQ ± QXU XQWHU PLU ZXUGH HV LPPHU GXQNOHU *HUDGH GRUWKLQZROOWHLFK bQJVWOLFK ZDU LFK QLFKW QXU « HV LVW « HV LVW HLQ VRQ GHUEDUHV*HIKOZHQQGXGDVHUVWHPDOKLQXQWHUJHKVW :RZUGHLFKGLH6DQWLVVLPD7ULQLGDGå ILQGHQ":DUVLH QRFK KHLO RGHU ZDUHQ LKUH 3ODQNHQ YHUPRUVFKW XQG ]HU IDOOHQ" 9LHOOHLFKW PX‰WH LFK DXI PHLQHP :HJ ]X GHQ *ROGNLVWHQEHUPRGHUQGHV*HEHLQKLQZHJVWHLJHQ (LQ 7DXFKHU GDUI QLH GLH 5XKH YHUOLHUHQå KDWWH +DUU\ JHVDJW 'X PX‰W LPPHU GDUDQ GHQNHQ 5XKH EHZDKUHQ PHLQ-XQJHXQGQRFKHLQPDO5XKHEHZDKUHQ8QGZHQQ GLU KLQWHU HLQHU .OLSSH HLQH SXGHOQDFNWH 6HHMXQJIUDX HQW JHJHQNRPPW5XKHEHZDKUHQ 6DJLKUGXKlWWHVWGLFKVFKRQPLWLKUHU)UHXQGLQYHUDE UHGHW XQG SD‰ DXI GD‰ VLH GLU QLFKW GHQ /XIWVFKODXFK DENOHPPW 'DVLVWGDVZLFKWLJVWHGHQNGDUDQGHU/XIWVFKODXFK«å ,FK GDFKWH GDUDQ ,FK GDFKWH DQ GHQ /XIWVFKODXFK DQ 7KHUHVDXQG7HGLFKGDFKWHGD‰HVGRFKVHKUXQYHUQQI WLJ YRP /XIWVWLFNVWRII XQG YRP 6DXHUVWRII VHL VLFK XQWHU

GHP 'UXFN YRQ HLQLJHQ ZHQLJHQ $WPRVSKlUHQ VFKRQ PLW GHP %OXW ]X YHUELQGHQ GD‰ VLFK MHW]W LQ GLHVHP $XJHQ EOLFNVFKRQVRYLHO*DVLQPHLQHP%OXW JHO|VWKDWWHGD‰ HV ]X URWHP 6FKDXP ZHUGHQ ZUGH ZHQQ PDQ PLFK SO|W]OLFKKRFK]|JH (QGOLFKZDULFKXQWHQ 6RJXWLFKNRQQWHKDWWHLFKVFKRQEHLP+LQDEVFKZHEHQ YHUVXFKW (LQ]HOKHLWHQ DXI GHP *UXQGH ]X HUNHQQHQ (V ZDUZHLWHUQLFKWV]XVHKHQJHZHVHQDOVGXQNHODXIUDJHQGH )HOVHQNOLSSHQ ,FKVWDQGDXIHLQHPOHLFKWDQVWHLJHQGHQ)HOVSODWHDXGHU %RGHQ ZDU YHUKlOWQLVPl‰LJ HEHQ XQG VWHOOHQZHLVH PLW HLQHUGQQHQ6DQGVFKLFKWEHGHFNW (LQ GLFNHU 7KXQILVFK VFKZDPP ZLH ]XU %HJU‰XQJ DXI PLFK]XJORW]WHPLFKQHXJLHULJDQXQGYHUVFKZDQG.OHL QHUH)LVFKH]RJHQLQ6FKZlUPHQYRUEHU,FKLQWHUHVVLHUWH PLFKQLFKWIUVLHKDWWHDXFKNHLQH=HLWGLHQHXHIUHPG DUWLJH 8PJHEXQJ DXI PLFK ZLUNHQ ]X ODVVHQ (V ZDU XQ KHLPOLFKNDKOXQGWURVWORVKLHUDXIGHP0HHUHVERGHQXQG GDV GlPPULJH /LFKW OLH‰ PLFK NHLQH GUHL‰LJ 0HWHU ZHLW VHKHQ :RZDUQXQGDV:UDFN" /DJHVGRUWZRGHU%RGHQDEILHO",QHLQHU7LHIHGLHIU PLFKXQHUUHLFKEDUZDU"2GHUVROOWHLFKHVZHLWHU]XU)HOV EDUULHUH KLQ VXFKHQ" /DJ HV LQ GLHVHU 5LFKWXQJ RGHU LQ MHQHU" :DU HV IQI]LJ KXQGHUW RGHU ]ZHLKXQGHUW 0HWHU YRQPLUHQWIHUQW" ,FKEHJDQQ]XVXFKHQ 'XVW|‰WGLFKNUlIWLJYRP %RGHQ DEXQGVHJHOVWLQJUR ‰HQ6SUQJHQGDKLQ'LH/XIWLP$Q]XJJLEWGLU$XIWULHE XQGHVJHKWJDQ]JXWZHQQGXGHQ%RJHQUDXVKDVW :LHHLQODKPHU)URVFKKSIWHLFKELVPLUGLH3XVWHDXV

JLQJXQGVLHPLFKQDFKREHQKROWHQ 9RQ GHP :UDFN KDWWH LFK NHLQHQ URVWLJHQ 1DJHO JHIXQ GHQ $OOHZDUHQEHPKWLKUH(QWWlXVFKXQJ]XYHUEHUJHQ1XU +DUU\ OLH‰ VLFK QLFKW HUVFKWWHUQ (U JUDWXOLHUWH PLU ]X PHLQHP HUVWHQ 7DXFKYHUVXFK XQG ZlKUHQG HU PLU HLQH =LJDUHWWH DQERW PHLQWH HU :LUVW QRFK RIW UXQWHUJHKHQ PHLQ-XQJHPDFKGLUQLFKWVGDUDXVå +DUU\EHKLHOWUHFKW:LUVXFKWHQGLH %XFKW DEV\VWHPD WLVFK6WFNIU6WFNZLUJLQJHQKLQXQWHUELVDXIVHFK]LJ 0HWHU GDV LVW VFKRQ GLH *UHQ]H IU GHQ 6NDSKDQGHU ZLU O|VWHQXQVDE+DUU\XQGLFKVWlQGLJZDUHLQHUXQWHQ8QG ZLUIDQGHQQLFKWVUHLQJDUQLFKWVIDQGHQZLU 'LH6WLPPXQJDQ%RUGZDUGHPHQWVSUHFKHQG$OOHKDW WHQQDFKGHP*ROG JHILHEHUWKDWWHQGDPLW JHUHFKQHWGD‰ ZLUZHQLJVWHQVHLQHQ7HLOGHV6FKDW]HVKHEHQZUGHQXQG MHW]WGLHVHUY|OOLJH0L‰HUIROJ 'LH 0DWURVHQ ZDUHQ PUULVFK XQG JHUHL]W HV NDP ]X 6WlQNHUHLHQ XQWHU LKQHQ XQG HV ZDU HLQ :XQGHU GD‰ VLH VLFKQLFKWMHGHQ7DJSUJHOWHQ 'HU .DSLWlQ URFK QDFK :KLVN\ XQG DXFK 'RQ 3HGUR GHQLFKQXUDOV:HLQWULQNHUNDQQWHKDWWHVFKRQDPIUKHQ 0RUJHQ HLQH 6FKQDSVIDKQH ,FK HUZDUWHWH GD‰ HU MHGHQ $XJHQEOLFN H[SORGLHUHQ ZUGH XQG PDFKWH PLFK DXI HLQ IXUFKWEDUHV 7KHDWHU JHID‰W 6HLQ JDQ]HV *HOG ZDU QXW]ORV YHUSXOYHUWZRUGHQ(LQHDOWH.DQRQHKDWWHQZLUJHIXQGHQ (LQ VFKlELJHU (UVDW] IU GDV *ROG GDV LFK LKP YHUVSUR FKHQKDWWHHLQ:LW]JHUDGH]X (U VFKLPSIWH QLFKW VRQGHUQ ZDU ZHLWHU IUHXQGOLFK ]X PLU 6HLQH 1HUYRVLWlW EHNlPSIWH HU HUIROJUHLFK PLW :KLV N\ GHU 6FKQDSV EHZLUNWH EHL LKP GDV *HJHQWHLO ZLH EHL DOOHQDQGHUHQ0H[LNDQHUQGLHLFKNHQQHQJHOHUQWKDWWH

7KHUHVD JLQJ LFK DXV GHP :HJH 8QG 7HG" 1XQ 7HG VDJWHJDUQLFKWV +DUU\PDFKWHGHQ9RUVFKODJGRFKHLQPDODX‰HUKDOEGHU %XFKW]XVXFKHQ9LHOOHLFKWKDWWHGLH6DQWLVVLPD7ULQLGDGå GLH5LIIEDUULHUHEHUTXHUW=ZDUVSUDFKHQXQVHUH$QJDEHQ GDJHJHQ±GLH*DOHRQHVROOWHGHQ%HUHFKQXQJHQGHUDOWHQ 6HHOHXWH ]XIROJH LQQHUKDOE GHU %XFKW PDQ|YULHUXQIlKLJ JHVFKRVVHQ ZRUGHQ VHLQ 'RFK DXFK GHU EHVWH .DSLWlQ NDQQ VLFK LQ HLQHU 6WDQGRUWEHVWLPPXQJ LUUHQ XQG DXI GLH =HXJHQDXVVDJHQ GHU hEHUOHEHQGHQ ZDU QRFK ZHQLJHU 9HUOD‰ $X‰HUGHP NRQQWHQ VLFK GLH 5LIIH LP /DXIH GHU =HLW YHUVFKREHQ KDEHQ 1DFK DOO GLHVHQ hEHUOHJXQJHQ ZDUHQ ZLU HQWVFKORVVHQ DXFK DX‰HUKDOE GHU %XFKW ]X VXFKHQ (V JDE IQI 6WHOOHQ DQ GHQHQ HLQ 6FKLII GLH %DUULHUH EHUTXHUHQ NRQQWH (V ZDUHQ JHIlKUOLFKH 'XUFKIDKUWHQ XQG YLHO VHHPlQQLVFKHV *HVFKLFN JHK|UWH GD]X VLH ]X PHLVWHUQ 8QVHU .DSLWlQ KDWWH HV (U VWHXHUWH GLH 6ZDOORZå VLFKHUDQGHQ5LIIHQ9RUEHL :LU KDWWHQ GLH 'XUFKIDKUW JHZlKOW GLH GHU 6WHOOH DP QlFKVWHQODJDQGHU+DUU\GLH.DQRQHJHIXQGHQKDWWH ,FKJLQJDOVHUVWHUUXQWHU 'HU$XIHQWKDOWXQWHU:DVVHUZDUPLUQLFKWV1HXHVPHKU ,FK KDWWH PLFK GDUDQ JHZ|KQW VHOWVDPHQ )LVFKHQ ]X EH JHJQHQ KDWWH JLIWLJH ODQJVWDFKHOLJH 6HHLJHO XQG EL]DUUH 3IODQ]HQ NHQQHQJHOHUQW XQG HLQHQ JU|‰HUHQ 6FKUHFNHQ DOV GHU +DL GHU HLQLJH 0DOH PHLQHQ /XIWVFKODXFK DWWDN NLHUWHNRQQWHPLUNHLQ7LHUPHKUHLQMDJHQ$EHUGDVZDV VLFKPHLQHQ$XJHQKLHUERWZDUHLQY|OOLJDQGHUHV%LOG 'LH6HHZDUQLFKWVHKUWLHI]ZLVFKHQ]ZDQ]LJXQGGUHL ‰LJ 0HWHU YLHOOHLFKW XQG LFK VDK GLH ZXQGHUEDUVWHQ .R UDOOHQJlUWHQ

6LHKGLUPDOHLQHQGLHVHU)DUEILOPH DQ -XQJH LFK NDQQ HVGLUQLFKWEHVFKUHLEHQ (LQ0lUFKHQLVWHV$EHUVREXQWXQG]DXEHUKDIWLVWNHL QH *HVFKLFKWH DXV 7DXVHQGXQGHLQHU 1DFKW QLFKW PDO HLQ (LVYRJHONDQQVRVFKLOOHUQ ,FK NDP PLU YRU ZLH LQ HLQHP QHXHQWGHFNWHQ 3DUDGLHV 'DVDOWHYRQGHPPDQPLULQGHU6FKXOHHU]lKOWKDWWHZDU IU PLFK LPPHU HLQH XQHQGOLFKH :LHVH JHZHVHQ XQWHU GHP $SIHOEDXP LQ GHU 0LWWH VD‰ (YD PLW GHU 6FKODQJH $EHU ZDV LVW VFKRQ HLQH :LHVH JHJHQ GLHVH 8QWHUZDVVHU JlUWHQ-DXQGGXZDQGHUVWDXFKZLHGXUFKHLQHQ*DUWHQ 2ELFKGDV:UDFNJHIXQGHQKDEH"³ 'HU.DSLWlQODFKWH Ä,FKERJXPHLQH+HFNHXQGGDODJHVYRUPLU 'XP|FKWHVWGLUEHUGLH$XJHQZLVFKHQ±DEHUGDVJHKW MD QLFKW 8QG GDQQ ZHL‰W GX QLFKW RE GX ZHLQHQ RGHU ODFKHQ VROOVW 'DV 6FKLII OLHJW YRU GLU GX EUDXFKVW QXU KLQ]XJHKHQ (V OLHJW VR GD DOV KDEH HV GUHLKXQGHUW -DKUH QXU DXI GLFK JHZDUWHW XQG PDFKW QLFKW PHKU $XIKHEHQV YRQ VLFK DOV HLQ 6DODPLEU|WFKHQ DXI GHLQHP )UKVWFN VWHOOHU 'HU JUR‰H $XJHQEOLFN DXI GHQ PDQ LP /HEHQ VR RIW ZDUWHW GHQ PDQ WDXVHQGPDO XQG PHKU KHUEHLJHVHKQW KDW YRQ GHP PDQ JHWUlXPW KDW GHP PDQ HQWJHJHQILHEHUWH GLHVHU JUR‰H $XJHQEOLFN LVW GDQQ SO|W]OLFK GD XQG GX NHQQVW LKQ VFKRQ XQG DOOHV LVW JHQDX VR ZLH GX HV GLU YRUJHVWHOOW KDVW 1XU IlOOVW GX QLFKW XP YRU )UHXGH XQG YHUUFNW ZLUVW GX DXFK QLFKW 'X ZXQGHUVW GLFK GDUEHU GD‰ GX LQ GLHVHP $XJHQEOLFN JHQDXVR OHEVW XQG DWPHVW ZLHVRQVWXQGGD‰JDUQLFKWV%HVRQGHUHVJHVFKLHKW ,FK JLQJ DXI GDV :UDFN ]X (V ZDU LQ GHU 0LWWH DXVHLQ DQGHUJHEURFKHQ:LHHLQHLQJHNQLFNWHV 6WUHLFKKRO] ODJ HV

GD GHU %XJ DXI HLQHP WHUUDVVHQlKQOLFKHQ 6WHLQDEVDW] HLQLJH0HWHUK|KHUDOVGDV+HFN'LH0DVWHQIHKOWHQ±LFK IDQG VLH LQ HLQLJHU (QWIHUQXQJ DXI GHU DQGHUHQ 6HLWH ,Q GHP6FKDQ]NOHLGNODIIWHQPlFKWLJH/|FKHU ,FKVWDQGXQWHUGHPJHZDOWLJHQ+HFNVDKGLH9HU]LHUXQ JHQGHU$XIEDXWHQVDKGDV/RFKGDVGLH.XJHOGHU3LUD WHQ JHULVVHQ ,FK OLH‰ PLFK HWZDV K|KHU ]LHKHQ XQG NOHW WHUWHDXIGDV'HFN*DQ]UXKLJXQGVDFKOLFKWDWLFKGDV,FK DFKWHWH DXI PHLQHQ /XIWVFKODXFK GD‰ HU VLFK QLFKW YHU NOHPPWHYHUPLHGVRUJIlOWLJMHGHVFKDUIH(FNHGLHPHLQHQ *XPPLDQ]XJ ULW]HQ NRQQWH +HOOHEDUGHQ IDQG LFK ]ZL VFKHQ GHQ 7UPPHUQ DOWH 0XVNHWHQ XQG $XVUVWXQJV VWFNH'LH'HFNVDXIEDXWHQIHKOWHQDEHUDP]HUVSOLWWHUWHQ 6WXPSI GHV *UR‰PDVWHV ODJ GDV 5XGHU PLW VlPWOLFKHQ 6SHLFKHQ XQG GDQHEHQ GLH 6FKLIIVJORFNH $OOHV ZDU PLW PHVVHUVFKDUIHQ NOHLQHQ 0XVFKHOQ XQG PLW $OJHQ EHU]R JHQZLHYRQGLFNHPVFKPXW]LJJUDXHP5DXKUHLI 8QG KLHU DXI GHP 'HFN EOLHE LFK VWHKHQ XQG VFKDXWH PLFKXP-HW]WHUVWVSUWHLFKGLH*U|‰HGHV$XJHQEOLFNV MHW]WZXUGHPLUEHZX‰WGD‰LFKGHUHUVWH0HQVFKZDUGHU GHQGUHLKXQGHUWMlKULJHQ7RGHVVFKODIGHV6FKLIIHVVW|UWH ,FKVWDQGDXIGHP'HFNYRQGHPGLH)OLEXVWLHUHQWVHW]W IOFKWHWHQDOVHVXQWHUGHU:XFKWGHU([SORVLRQDXVHLQDQ GHUEDUVW GHP 'HFN GDV VRYLHO *UDXHQKDIWHV JHVHKHQ VRYLHO 9HU]ZHLIOXQJ XQG ZLOGH *LHU %OXW ZDU EHU VHLQH 3ODQNHQJHIORVVHQHVKDWWHGLHOHW]WHQ)OFKHGHU9HUZXQ GHWHQ XQG 6WHUEHQGHQ JHK|UW XQG GLH OHW]WHQ *HEHWH 9RQ DOOHQ GLH HV PLW LQ GLH 7LHIH JHULVVHQ IDQG LFK NHLQHQ PHKU ,KU )OHLVFK KDWWHQ GLH )LVFKH JHIUHVVHQ XQG LKUH .QRFKHQZDUHQZHUZHL‰ZRKLQJHVFKZHPPWGDV6FKLII ZDUZVWXQGOHHU 'UHLKXQGHUW-DKUHODJHVKLHULQPLWWHQZXQGHUOLFKHU.R

UDOOHQElXPH YRQ )LVFKVFKZlUPHQ XPVSLHOW XQG YRQ GHQ %OlWWHUQ GHU 8QWHUZDVVHUSIODQ]HQ XPIlFKHOW (V ZDU GDV VHOWVDPVWH*UDEGDVGXGLUGHQNHQNDQQVW 8QGGDV*ROG"-HW]WVWDQGLFKGRFKDXIGHQ.LVWHQ ,FK EUDXFKWHHVQXUKHUDXI]XKROHQ ,FK QDKP GLH 6FKLIIVJORFNH DXI XQG PLU ZDU DOV K|UWH LFKHLQOHLVHV.OLQJHQ6DQWD0DULDVDQWDPDGUHGH'LRV «åHULQQHUWHLFKPLFKDQGDV*HPXUPHOLQHLQHUNDWKROL VFKHQ.LUFKHXQGJODXEPLU-XQJHLFKK|UWH*ORFNHQJH OlXW XQG GHQ 3ULHVWHU EUDEEHOQ 6R XQJHIlKU ZHUGHQ VLH LKQHQLQ0DGULGGLH7RWHQPHVVHJHOHVHQKDEHQGDFKWHLFK XQG HV NDQQ VHLQ GD‰ LFK RKQH HV ]X ZLVVHQ HLQ $YH 0DULD JHPXUPHOW KDEH :HQQ GDV DXFK QLFKW PHKU GLH ZHJJHVFKZHPPWHQ.QRFKHQ]XUFNEUDFKWHGHQIURPPHQ 6HHOHQ KDW HV VLFKHUOLFK JXW JHWDQ XQG VLH ZHUGHQ PLU ZRKO DXFK QLFKW EHOQHKPHQ GD‰ LFK HLQ YHUVWRFNWHU +HLGH ELQ -D LFK GDFKWH DQ DOOHV P|JOLFKH « XQG JDQ] ]XOHW]WDQGDV*ROG 'LHREHQZX‰WHQQRFKQLFKWV,FKVLJQDOLVLHUWHQDFKGHP 1HW] +DUU\ VDJWH PLU QDFKKHU HU KDEH HV LP *HIKO JHKDEW GD‰LFKDXIGDV:UDFNJHVWR‰HQVHL 'DV1HW]VFKZHEWHKHUXQWHU,FKOHJWHGLH6FKLIIVJORFNH KLQHLQ VXFKWH HLQ SDDU +HOOHEDUGHQ XQG 0XVNHWHQ ]X VDPPHQXQGVFKLFNWHDOOHVQDFKREHQ (VZDUGLH6DQWLVVLPD7ULQLGDGå ±DXIGHU6FKLIIVJORFNH IDQGHQVLHGHQ1DPHQ +DUU\ JLQJ KLQXQWHU EHVDK VLFK GDV 6FKLII YRQ DOOHQ 6HLWHQ ,FK ODJ ZlKUHQGGHVVHQ DQ 'HFN GHU 6ZDOORZå LQ GHU6RQQH 'HU -XEHO DQ %RUG ZDU XQEHVFKUHLEOLFK $OOH XPULQJWHQ PLFKXQGZROOWHQJDQ]JHQDXZLVVHQZLHGDV6FKLIIDXV

VHKHZLHJUR‰HVVHLXQGREPDQDQGDV*ROGJXWUDQNlPH XQGZDUXPLFKQLFKWJOHLFKHLQHNOHLQH.LVWH]XU3UREHPLW UDXIJHVFKLFNWKlWWH 8QGREGLH7RWHQQRFK5LQJHDQGHQ )LQJHUQKlWWHQZROOWH-RHZLVVHQGHUGLHDOWH)HLQGVFKDIW ]ZLVFKHQXQVYHUJHVVHQKDWWHXQGPLUIUHXQGVFKDIWOLFKDXI GLH6FKXOWHUNORSIWH 'RQ 3HGUR VWUDKOWH YRU )UHXGH XQG VSHQGLHUWH PLU HLQH VHLQHUVRUJVDPJHKWHWHQ5RWVSRQIODVFKHQ 'DV =HXJ KDWWH LFK PLU YHUGLHQW XQG QDFKGHP LFK HLQHQ RUGHQWOLFKHQ 6FKOXFN JHQRPPHQ KDWWH XQG EHLP (U]lKOHQ « GD ZXUGH PLU ULFKWLJ NODU ZDVLFKJHIXQGHQKlWWH -HW]W EHJULII LFK HUVW GD‰LFKDP=LHOPHLQHU :QVFKH VWDQG )QI 0LOOLRQHQ LQ *ROG ZDUWHWHQ DXI XQV ,FK ZDU GHU HUVWH GHU GUDXIJHVWDQGHQKDWWHDXIGHP*ROG(VJDENHLQHQGHUYRU PLUGDJHZHVHQZDU«8QGPLWWHQLPVFK|QVWHQ(U]lKOHQ EUOOWHLFKSO|W]OLFKKXUUDåVSUDQJDXIXQG« 'LHVHFKV6WXQGHQXQWHU:DVVHUKDWWHQPLFKY|OOLJ DXV JHNKOW DEHU PLU ZDU VR KHL‰ PLW HLQHP 0DOH LFK ZHL‰ QLFKWREYRP:HLQRGHUYRQGHU)UHXGHGLHVRVSlWNDP XQGPLFKWURW]GHPJDQ]QlUULVFKPDFKWH ,FKQDKPHLQHQ $QODXI XQG VHW]WH LP +HFKWVSUXQJ EHU %RUG ,FK PX‰WH PLFK DENKOHQ PX‰WH HWZDV WXQ VFKZLPPHQ PX‰WH LFK GDEHLNRQQWHLFKPLFKDENKOHQXQGJOHLFK]HLWLJDXVWREHQ

(V ZDU DQ VLFK HLQH JDQ] QDWUOLFKH 6DFKH GLH DQGHUHQ GDFKWHQDEHUDOOHLFKVHLYHUUFNWJHZRUGHQ-DKDEHQVLH JDQ]HUQVWKDIWJHGDFKW ,FK VFKZDPP HLQPDO XP GLH 6ZDOORZå KHUXP GDQQ NOHWWHUWH LFK DQ GHU -DNREVOHLWHU KRFK XQG EHZLHV LKQHQ GD‰LFKQXQZLHGHULQ2UGQXQJVHL +DUU\VFKLFNWH1HW]DXI1HW]PLWDOWHP.UDPQDFKREHQ 'XJODXEVWJDUQLFKWZDVDOOHV:LUIDQGHQ=LQQWHOOHUXQG WDVVHQ 6WXUPKDXEHQ NXSIHUQH .HVVHO %UDWSIDQQHQ XQG 3DUIPIOlVFKFKHQ XQG ZXQGHUYROOH :HLQJOlVHU (LQ EL‰ FKHQDEJHSXW]WXQGGLH6RQQHIXQNHOWHLQGHPJHVFKOLIIH QHQ.ULVWDOO:LUKDEHQ:HLQGDUDXVJHWUXQNHQ'RQ3HGUR XQGLFKDXFK7KHUHVDVWLH‰PLWPLUDQ'LH*OlVHUNODQJHQ KHOOXQGUHLQXQGLKU7RQZROOWHVRJDUQLFKWSDVVHQ]XGHV 0lGFKHQV JHKHXFKHOWHU )UHXQGOLFKNHLW XQG LKUHU IDOVFKHQ %HJHLVWHUXQJ'RQ3HGURZDUI LKU HUPDKQHQGH %OLFNH ]X LFK DEHU EHPHUNWH QLFKWV XQG ZDU OXVWLJ XQG WDW DOV ZlUH LFKQLHVRLQ6WLPPXQJJHZHVHQZLHKHXWH6LHVROOWHQLFKW GHQNHQGD‰PLUDQLKUDXFKQXUVRYLHOOLHJH³ 'HU.DSLWlQVFKQLSSWHPLWGHQ)LQJHUQ Ä+P³ PDFKWH HU ÄGX NDQQVW GHLQH JUR‰H /LHEH KHXWH IQI0HLOHQWLHIEHJUDEHQ:HQQGXPRUJHQGDV0lGFKHQ ZLHGHUVLHKVW GDQQ NUDEEHOW GLH /LHEH DXV LKUHP /RFK KHUYRU±XQGGDKHOIHQIQI0HLOHQ:DVVHUQLFKWXQGQLFKW IQI0HLOHQ6DQG ,FKODFKWHGD‰PLUGLH7UlQHQDXVGHQ$XJHQOLHIHQLFK NRQQWH PLFK NDXP EHUXKLJHQ XQG DOV 'RQ 3HGUR HLQHQ QHXHQ:LW]HU]lKOWHGDPX‰WHLFKDQ'HFNJHKHQZHLOLFK PHUNWHGD‰LFKODFKWHXQGKHXOWH±EHLGHV]XVDPPHQ ,FKKDWWHJHZRQQHQ8QGPLWGHP*ROGZUGHLFKDXFK 7KHUHVD JHZLQQHQ ,KU 9DWHU ZDU LPPHU VFKRQ IUHXQGOLFK ]XPLUJHZHVHQGDVIUHXQGVFKDIWOLFKH9HUKlOWQLVGDVYRQ

$QIDQJDQ]ZLVFKHQXQVEHVWDQGHQKDWWHVLFKLPPHUPHKU YHUWLHIW XQG HV JDE IU PLFK QLFKW GLH JHULQJVWHQ %HGHQ NHQ GD‰ HV 'RQ 3HGUR QLFKW DXIULFKWLJ PHLQWH 2 MD LFK KDWWH LKQ DXI 7HGV :DUQXQJ KLQ JHQDX EHREDFKWHW LFK ZROOWHVLFKHUJHKHQ$XFKGHQ.DSLWlQXQGGLH0DQQVFKDIW KDWWHLFKXQWHUGLH/XSHJHQRPPHQ(VZDUQLFKWV$XIIlO OLJHVLQLKUHP%HQHKPHQ]XHQWGHFNHQJHZHVHQ 1DMD6FKOX‰ $P]ZHLWHQ7DJEUDFKWH+DUU\GLH6SUHQJODGXQJDQ %HL GHP 9HUVXFK ZHLWHU LQV ,QQHUH GHU *DOHRQH YRU]X GULQJHQ ZDU LFK GXUFK ]ZHL PRUVFKH 'HFNV JHEURFKHQ XQG PLW 0KH XQG 1RW ZLHGHU IUHLJHNRPPHQ :R]X XQQ|WLJ GDV /HEHQ ULVNLHUHQ" +DUU\ KDWWH VHLQH (UIDKUXQ JHQ HU EHIHVWLJWH GLH '\QDPLWSDWURQHQ DQ GHQ ULFKWLJHQ 6WHOOHQ 'DPLW GX %HVFKHLG ZHL‰W 'LH 6DQWLVVLPD 7ULQLGDGå KDWWH HLQ 6FKDQ]NOHLG DXV (LFKHQERKOHQ GDV VWHOOHQZHLVH ELV]XGUHL)X‰GLFNZDU $P 1DFKPLWWDJ ZDU HU IHUWLJ 'LH =QGGUlKWH ZXUGHQ DQJHVFKORVVHQ ± HLQH 'UHKXQJ PLW GHU +DQG 'LH 6ZDOORZå ]LWWHUWH XQWHU GHU ([SORVLRQ HV JUROOWH XQG UXPVWH HLQ PlFKWLJHU :DVVHUVFKZDOO EUDXVWH DXI XQG GDQQ VFKRVVHQ :UDFNVWFNH DQ GLH 2EHUIOlFKH XQG WRWH )LVFKH 'DV :DVVHU ZDU LP 1X VFKODPPLJ XQG WUEH LPPHU QHXH )HW]HQ WDXFKWHQ DXI XQG YHUVDQNHQ ZLHGHU XQG GLH 6HHZDULQZHLWHP8PNUHLVPLWWRWHQ)LVFKHQEHGHFNW +HXWHKDWHVNHLQHQ=ZHFNPHKU]XWDXFKHQåKDWWH+DU U\JHVDJW9RUPRUJHQIUKLVWGDV:DVVHUQLFKWNODUå $XFK DP QlFKVWHQ 0RUJHQ ZDU HV QRFK QLFKW VDXEHU DEHUGHUJU|EVWH'UHFNKDWWHVLFKYHU]RJHQ±LFKOLH‰PLFK KLQXQWHU

(VZDUHLQZHLWHV7UPPHUIHOG'LH6SUHQJODGXQJKDWWH JDQ]H$UEHLWJHOHLVWHW,FKWDVWHWHPLFKEHUGLHVSHUULJHQ +RO]VWFNHVXFKWHGLH6WHOOHDQGHU+DUU\V$QVLFKWQDFK GLH6FKDW]NDPPHUKlWWHOLHJHQPVVHQ,FKIDQGVLHQLFKW $EHU LFK HQWGHFNWH HLQH .LVWH 1HLQ QLFKW HLQH =ZHL GUHLYLHU.LVWHQHQWGHFNWHLFK³XQGLFKIDQGQRFKPHKU 6LHODJHQNUHX]XQGTXHUGXUFKHLQDQGHUXQGZDUHQWURW] GHV$XIWULHEVGHQVLHLP:DVVHUEHNDPHQVRVFKZHUGD‰ LFK VLH QXU PLW 0KH EHZHJHQ NRQQWH 8QG HLQH .LVWH IDQGLFKGLHZDUDXIJHSODW]W,FKZKOWHGULQKHUXP(LQH VFKOHLPLJHNOHEULJH0DVVH IKOWH LFK DQ PHLQHQ )LQJHUQ ,FKJULII]XXQGKROWHHLQHQNOHLQHQ%HXWHOKHUDXV/DXWHU NOHLQH /HGHUEHXWHO JHIOOW PLW *ROG (LQLJH ZDUHQ YRP 6HHZDVVHU ]HUIUHVVHQ ILHEULJ VXFKWH LFK QDFK GHQ HLQ]HO QHQ*ROGVWFNHQDOVREHVDXFKDXIGDVOHW]WHDQNRPPHQ ZUGH0LWGHQ1lJHOQNUDW]WHLFKGHQVFKPLHULJHQ%HODJ YRQ HLQHP GLHVHU 6WFNH KHUXQWHU XQG KLHOW HV PLU GLFKW YRU GLH *ODVVFKHLEH (V JOlQ]WH VFKZDFK ,FK ELOGHWH PLU HLQGD‰HVJOlQ]WH *ROGUDXVFK ,FK KDEH LKQ PLU LPPHU DQGHUV YRUJHVWHOOW 5DXKH *ROGZlVFKHU DP .ORQGLNH ZLH GLH 0DXOZUIH ZKOHQGPLWURWXQWHUODXIHQHQ$XJHQGHQ5HYROYHUQHEHQ GHP 6LHE 8QG VLH VFKRVVHQ VLFK JHJHQVHLWLJ WRW XQG ZD UHQRKQH6FKQDSVVWlQGLJEHUDXVFKW±YRP*ROG 'XKDVWMDDXFKGLH*HVFKLFKWHQJHOHVHQXQGGXZLUVWHV QLFKWJODXEHQ*HQDXVRYHUUFNWZLHGLH*ROGZlVFKHUDP .ORQGLNH ZDU LFK 8QG GDV PXWWHUVHHOHQDOOHLQ DXI GHP 0HHUHVERGHQLQHLQHPWUEHQVFKPXW]LJHQ:DVVHU ,FKVDKPLFKXPDOVN|QQWHHLQHUKLQWHUPLUVWHKHQXQG QDFK GHP *ROG JUHLIHQ ,FK KlWWH DXFK JHVFKRVVHQ JODXE PLU-XQJH'XELVWLQVROFKHU/DJHNHLQ0HQVFKPHKUGX ELVWHLQ:DKQVLQQLJHU

'LH VFKOHLPLJHQ JOLWVFKLJHQ %HXWHO GLH LFK LQ EHLGHQ +lQGHQKLHOWZDUHQPLW*ROGJHIOOW0LWHFKWHPVFKZH UHP*ROG(VZDUNHLQ7UDXPHVZDU:LUNOLFKNHLW³ 'HU .DSLWlQ VFKRE GHQ 6WXKO ]XUFN XQG ULFKWHWH VLFK DXI (U JULII LQ GLH 8KUWDVFKH XQWHU GHP *UWHO XQG ZDUI HWZDV DXI GHQ 7LVFK 'DV (WZDV JDE HLQHQ VFKZDFKHQ PHWDOOLVFKHQ.ODQJYRQVLFKXQGEOLHEOLHJHQ Ä(LQVSDQLVFKHU3LDVWHU³ VDJWH GHU .DSLWlQ Ä(LQ VSDQL VFKHU*ROGSLDVWHU³ +DQMRQDKPGLH0Q]HDXI6LHKDWWHGHQ8PIDQJHLQHU NOHLQHQ 7DVFKHQXKU 'HU .DSLWlQ ]QGHWH VLFK HLQH =LJD UHWWHDQXQG KLHOWGLH)HXHU]HXJIODPPHVRGD‰+DQMRGLH .URQHEHUGHP:DSSHQXQGGLH$XIVFKULIWÄ3KLOLSS,9³ HUNHQQHQ NRQQWH DXI GHU DQGHUHQ 6HLWH VWDQG GLH -DKUHV ]DKO Ä:LU KLHYWHQ QRFK DP JOHLFKHQ 7DJH VLHEHQ .LVWHQ DQ %RUG-HGHZRJXQJHIlKUVHFKV=HQWQHU³ (UVSUDFKVRXQLQWHUHVVLHUWDOVKDQGHOHHVVLFKXPHLQHQ Y|OOLJQHEHQVlFKOLFKHQ%HULFKW Ä'DV6HHZDVVHUKDWWHQLFKWYLHO]HUIUHVVHQ'LHHLVHUQHQ %HVFKOlJH XQG 6FKO|VVHU ZDUHQ QRFK VR JXW LQWDNW GD‰ ]ZHL0DQQRIWHLQHKDOEH6WXQGHPLW+DPPHUXQG0HL‰HO ]X WXQ KDWWHQ HKH VLH YRQ HLQHU .LVWH GHQ 'HFNHO KRFK NODSSHQNRQQWHQ(VZDUHUVWDXQOLFK (LQH GHU .LVWHQ HQWKLHOW JHSUlJWHV *ROG VSDQLVFKH 3LD VWHU KROOlQGLVFKH *XOGHQ DOWH LWDOLHQLVFKH XQG IUDQ]|VL VFKH 0Q]HQ PLW GHP ZDV LFK DXV GHU ]HUEURFKHQHQ .LVWH DXIJHVDPPHOW KDWWH ZDUHQ HV LQ UHLQHP *ROGZHUW HWZD'ROODU $XV GHQ UHVWOLFKHQ VHFKV .LVWHQ KROWHQ ZLU %DUUHQJROG 1DFKREHUIOlFKOLFKHU6FKlW]XQJKDWWHQZLUHLQHQ:HUWYRQ HLQHU0LOOLRQ'ROODUDQ%RUG

:lUH HV IU HLQH KDOEH 0LOOLRQ :ROIUDP JHZHVHQ RGHU .DNDREXWWHU RGHU VRQVW LUJHQG HWZDV DOOHV ZlUH JXW JH JDQJHQ:ROIUDPZLUGIUGLH,QGXVWULHJHEUDXFKW.DNDR EXWWHUDXFKGDVLVWQLFKWVZHL‰WGXGDV JOlQ]W QLFKW GDV LVWNHLQ*ROG $PQlFKVWHQ7DJVDPPHOWHQZLU*ROGEDUUHQYRP*UXQG DXI 6LH KDWWHQ DQVFKHLQHQG QLFKW DOOHV LQ .LVWHQ YHUSDFNW VRQGHUQGHQJU|‰WHQ7HLOORVHJHVWDSHOW :LUZKOWHQLQGHP6FKODPPXQG0XOPGHUVLFKDEJH VHW]W KDWWH XQG NODXEWHQ EDOG QRFK PDO VRYLHO ]XVDPPHQ ZLH DP 9RUWDJH 1RFK YROOH YLHU]HKQ 7DJH KlWWHQ ZLU JHVXFKW NHLQ 6WFNFKHQ *ROG ZlUH OLHJHQJHEOLHEHQ « DEHUDP$EHQGGLHVHV7DJHVNDPHWZDVGD]ZLVFKHQ 'LH6DXIQDVHKDWWHHLQNOHLQHV)D‰5XPLQLKUHU.DMWH (VZDUHLQ7HXIHOV]HXJXQGVWDQNHQWVHW]OLFK-HGHUXQYHU VFKQLWWHQH5XPVWLQNWDEHUQLFKWVRZLHGHU (U IOOWH HLQH JUR‰H .DQQH YROO DE XQG OLH‰ VLH GHU 0DQQVFKDIWEULQJHQ 'RQ3HGUROXGXQVDPJOHLFKHQ$EHQG]XP:HLQHLQ :LU VD‰HQ ]X VHFKVHQ LQ GHU .DSLWlQVNDMWH GHU $OWH 'RQ3HGURXQG7KHUHVD7HG+DUU\XQGLFK 9RQ GHU %DFN K|UWHQ ZLU GDV 6LQJHQ XQG *U|OHQ GHU 0DWURVHQ +DUU\KDWWHPLUDP7DJHJHVlJW'LH0DQQVFKDIWJHIlOOW PLU QLFKW *XFN QXU ZLH GLH .HUOH UXPVFKOHLFKHQå -HW]W HULQQHUWHLFKPLFKZLHGHUGDUDQ 'HU .DSLWlQ XQG 'RQ 3HGUR VFKLHQHQ MHGRFK QLFKWV ]X EHIUFKWHQ 6LH ZDUHQ EHLGH DXIJHNUDW]W XQG GHU PDXO IDXOHDOWH6HHElUHQWSXSSWHVLFKDOVHLQJDQ]ILGHOHV+DXV 'HU:HLQIOR‰UHLFKOLFK'RQ3HGURVSDUWHQLFKWGDPLW« XQG MH UXKLJHU HV DXI GHP 9RUVFKLII ZXUGH XP VR ODXWHU

ZXUGHHVEHLXQV +DUU\ IKOWH VLFK XQVLFKHU GLH 5XKH LP 0DQQVFKDIWVOR JLV NDP LKP YHUGlFKWLJ YRU (U JLQJ QDFK YRUQ XQG VDK QDFK 'LH .HUOH ZDUHQ YROO 6LH ZDUHQ XPJHIDOOHQ XQG ODJHQ XQWHU GHP 7LVFK VLH ODJHQ EHUHLQDQGHU XQG NUHX] XQG TXHULP/RJLVGLH.DQQHZDUOHHUXQGHVVWDQNIUFKWHU OLFKQDFK5XP 'HU .DSLWlQ ODFKWH DOV +DUU\ GDV HU]lKOWH 6LQG QLFKWV PHKU JHZ|KQW GLH -XQJHQå VDJWH HU /D‰ VLH VFKODIHQ GDQQNRPPHQVLHDXINHLQHGXPPHQ*HGDQNHQå 'RQ 3HGUR VFKLHQ PLU HUOHLFKWHUW QDFKGHP HU JHK|UW KDWWHGD‰YRUQDOOHVUXKLJZDU$XFK+DUU\JLQJPHKUDXV VLFKKHUDXVXQGLFK«1DGDVZDUGRFKZRKONODU :LUVD‰HQMDDXIGHP*ROG(VZDU]XP7HLOLQGLH.D SLWlQVNDMWHJHEUDFKWZRUGHQXQGDQGHQ:lQGHQNRQQWH LFKGLH6WDSHOVHKHQ,FKWUDQNXQGEHJDQQ]XVLQJHQ*DQ] DOOHLQVDQJLFKXQGGDQQWDQ]WHLFK±DXFKJDQ]DOOHLQ 'RQ 3HGUR KLHOW GLH =LJDUUH PLW GHQ =lKQHQ IHVW XQG ODFKWH ,FK QDKP LKP GLH )ODVFKH DXV GHU +DQG XQG VFKHQNWH 7KHUHVD HLQ :DUXP ZDU VLH VR YHUlQGHUW" :DU XPEHDFKWHWHVLHPLFKQLFKW":DVKDWWHLFKLKUJHWDQ" 6LHLVWHLQVFKZLHULJHV0lGFKHQåIOVWHUWHPLU'RQ3H GUR]XXQGOlFKHOWHGDEHL ,FKZDUEHWUXQNHQGLHVPDODXFKYRP$ONRKRO,FKZHL‰ QRFKGD‰7HGGDVD‰YRUVHLQHP*ODVXQGIXUFKWEDUQFK WHUQ ZDU 'DV lUJHUWH PLFK 9LHU]LJ 3UR]HQW YRQ GHP 9HUP|JHQ KLHU LP 5DXP JHK|UWHQ PLU ,FK ZDU QLFKW LU JHQGZHU 'RQ 3HGUR OlFKHOWH PLU ]X 'RQ 3HGUR ZDU EHUKDXSW JXW XQG LFK IUDJWH LKQ OHLVH RE HU HWZDV GDJHJHQ KlWWH GD‰LFKVHLQ6FKZLHJHUVRKQZHUGHQZROOWH

(UNORSIWHPLUDXIGLH6FKXOWHUXQGVDJWH«GD‰GXHV MHW]W HUVW PHUNVW PHLQ -XQJH $EHU GX ZHL‰W HV LVW QLFKW HLQIDFK7KHUHVDKDWLKUH/DXQHQ(LQJDQ]HU.HUOPX‰HV VFKRQVHLQå 8QGHU]ZLQNHUWHPLUQRFKPDOV]X 6HLQ *HVLFKW GUHKWH VLFK ZLH HLQH 6FKHLEH YRU PLU GDV VFKZDU]H%lUWFKHQGLH=lKQHXQGGLH$XJHQGLHPLFKVR HUPXQWHUQGXQGHUZDUWXQJVYROODQ]ZLQNHUWHQ :DV KDWWH HU JHVDJW (LQ .HUO PX‰ HV VHLQ :HQQ HV ZHLWHUQLFKWVZDU ,FKQDKPZLHGHUPHLQ*ODVXQGJLQJXPGHQ7LVFKKHU XP ]X 7KHUHVD ,FK ZX‰WH QLFKW HLQPDO ZDV LFK ZROOWH DEHU GDV ZDU PLU DXFK JDQ] JOHLFK ,FK EDW VLH PLW PLU DQ]XVWR‰HQ 6LHVLQGEHWUXQNHQåVDJWHVLH 'DUDXIKDWWHLFKJHZDUWHW,FKXPNODPPHUWHPLWPHLQHU OLQNHQ +DQG LKUH UHFKWH GLH GDV :HLQJODV DXI GHP 7LVFK XPID‰WKLHOWXQGZROOWHVLH]ZLQJHQLKU*ODV]XHUKHEHQ XPPLWPLUDQ]XVWR‰HQ.UlIWLJJHQXJZDULFKZRKO 6LHVWLH‰GHQ6WXKO]XUFNVSUDQJDXIXQG«OLHIKLQDXV 7HGHUKREVLFK(UKDWWHNHLQHQ)LQJHU JHUKUWXQGNHLQ :RUWJHVSURFKHQ-HW]WWUDWHUDQPLFKKHUDQVDKPLUIHVW LQGLH$XJHQXQGLPVHOEHQ$XJHQEOLFNJDEHUPLUHLQHVR JHZDOWLJH 2KUIHLJH GD‰ PLU GHU .RSI DXI GLH 6FKXOWHU IORJ 'DPLW GX ZLHGHU *OHLFKJHZLFKW KDVWå VDJWH HU ZQVFKWH 'RQ 3HGUR XQG GHP .DSLWlQ HLQH JXWH 1DFKW XQGYHUOLH‰YRQ+DUU\JHIROJWGLH.DMWH ,FK VFKQDSSWH QDFK /XIW ZLH HLQ 6FKHOOILVFK 8QG 'RQ 3HGURIDQGGDVHLQ]LJYHUQQIWLJH:RUW$XFKGHQEHVWHQ .HUOEULQJWGHU:HLQGXUFKHLQDQGHU:DVLVWVFKRQGDEHL (UQHVWRKHå (UJDEPLUHLQHQ.QXIILQGLH5LSSHQ0RUJHQVLHKWDO OHV DQGHUV DXVå $P OLHEVWHQ ZlUH LFK LKP XP GHQ +DOV

JHIDOOHQ $P QlFKVWHQ 0RUJHQ VFKOLHI GLH 0DQQVFKDIW ELV LQ GLH 3XSSHQ6LHZDFKWHQQLFKWDXIGLH.HUOH ,KU 6FKQDUFKHQ ZDUEHUGDVJDQ]H6FKLII]XK|UHQXQGHVKDOINHLQ5W WHOQXQG6FKWWHOQVLHVFKOLHIHQ 'HU .DSLWlQ NUDW]WH VLFK GHQ 6FKlGHO XQG 'RQ 3HGUR IOXFKWHJRWWHVOlVWHUOLFK 'DV6FKODIPLWWHOGDVVLHLQGHQ5XPJHWDQKDWWHQ ZDU ]XVWDUNJHZHVHQåIOVWHUWHPLU+DUU\]X $QGLHVHP7DJJLQJNHLQHUYRQXQVXQWHU:DVVHU³ 'HU.DSLWlQVHW]WHVLFK 'UDX‰HQ EHJDQQ HV ]X JUDXHQ XQG GLH 0RUJHQNKOH NURFKLQGLH.DMWH Ä-HW]WZLUGHUZRKONDOWJHZRUGHQVHLQ³(U]RJVLFKGLH *LQIODVFKH EHU GHQ 7LVFK KHUDQ Ä'DV LVW GHU OHW]WH KHX WH³VDJWHHUÄ:LOOVWGXDXFKQRFKHLQHQ"³ +DQMRVFKRELKPZRUWORVVHLQ*ODVKLQ Ä+DEHQ ZLU WDWVlFKOLFK GLH 1DFKW VFK|Q UXPJHNULHJW³ PHLQWH GHU $OWH XQG EUDQQWH VLFK QDFK GHP 6FKQDSV HLQH =LJDUHWWH DQ Ä$EHU OD‰ QXU -XQJH LFK ELQ EDOG ]X (QGH PLW PHLQHU *HVFKLFKWH 'DUDQ GD‰ LFK MHW]W KLHU VLW]H LVW QXUHLQNOHLQHU=XIDOOVFKXOG /XGHQ 7DPSH KDW PLU PDO HU]lKOW HU KDEH ]HKQ 7DJH ODQJ YRU GHU QRUZHJLVFKHQ .VWH JHILVFKW XQG ZHLWHU QLFKWVZLH6HHNRKOXQGROOHQ*DPPHOLP1HW]JHKDEW'D KDWHUVLFKQXQJHIUDJWVFKLSSHUVWGXUDXI]XU%lUHQLQVHO RGHU YHUVXFKVW GX HV DXI GHP )ODGHVWJUXQG" :LH HU VR EHUOHJW K|UW HU GHQ )XQNHU DP 5DGLR GUHKHQ XQG GDQQ IlQJW GHU .HUO DQ ]X SIHLIHQ XQG ZDV SIHLIW HU" .OHLQHU %lUYRQ%HUOLQå 1DåVDJW/XGHQ7DPSHLFKELQ]XU%lUHQLQVHOKRFKJH GDPSIW XQG KDEå LQ YLHU 7DJHQ GUHLWDXVHQGIQIKXQGHUW

.RUE5RWEDUVFKDXI(LVJHKDEWå «VLHKVWGXGDVVLQGVRGLH.OHLQLJNHLWHQGLHLFKPHL QH 'D‰ LFK KLHU VLW]H YHUGDQNH LFK HLQLJHQ 7URSIHQ 2SL XP³IXKUHUQDFKHLQHU3DXVHIRUWÄ'LH6DXIQDVHKDWWHHLQ SDDU 7URSIHQ ]XYLHO LQ GHQ 5XP JHNLSSW XQG GLH SDDU 7URSIHQKDWWHQDOOHUOHL)ROJHQ =XQlFKVWPDOVFKOLHIHQGLH/HXWHELVLQGHQ1DFKPLWWDJ KLQHLQ 'DQQ JDE HV .UDFK PLW GHP .DSLWlQ 6LH ZDUIHQ LKPYRUHUKDEHVLHYHUJLIWHQZROOHQXPLKUHQ$QWHLODP *ROGHLQ]XVWHFNHQ 'HU$OWHWREWH(VJDENHLQH0HXWHUHLDEHUVLHHUNOlUWHQ VLH VHLHQ QRFK ]X VFKZDFK XQG PGH XQG WDWHQ NHLQHQ +DQGVFKODJ 'HU7DJYHUJLQJ 7HGKDWWHPLFKVHLWGHU1DFKWQLFKWPHKUDQJHVSURFKHQ +DUU\PX‰WHYRQLKPLQV9HUWUDXHQJH]RJHQZRUGHQVHLQ HUZDUPHUNZUGLJYHUlQGHUW (V ZDU ]XP 9HUUFNWZHUGHQ ,Q QRFK QLFKW YLHUXQG ]ZDQ]LJ 6WXQGHQ KDWWH VLFK GLH /DJH DXI GHP 6FKLII JUXQGOHJHQGJHZDQGHOW 'LH QHXQ 0DWURVHQ XQG GHU 6PXWMH >6FKLIIVNRFK@ VD‰HQ DXIGHU%DFNXQGEHUDWVFKODJWHQ(LQHULFKWLJH5lXEHUYHU VDPPOXQJ NDQQ LFK GLU VDJHQ 'LH .HUOH KlWWHQ LQ MHGHQ $EHQWHXHUILOPJHSD‰W $OV HV GXQNHO ZXUGH VWHOOWHQ VLH HLQH :DFKH DXV XQG YHUVFKZDQGHQ XQWHU 'HFN :HGHU GHU .DSLWlQ QRFK 'RQ 3HGURKDWWHQPLWLKQHQUHGHQN|QQHQ ,QGHU1DFKWZDU7HGV.RMHOHHU'DVZDUGDVHUVWHZDV LFKEHLP(UZDFKHQIHVWVWHOOWH'DQQK|UWHLFK6FKULWWHDXI GHP *DQJ (V ZDUHQ ]ZHL GLH GRUW NDPHQ HLQHU YRQ LKQHQZDU7HG

'LH 7U ZXUGH DXIJHULVVHQ GHU /DQJH PLW GHQ *RULO ODDUPHQ IORJ LQ GLH .DMWH XQG KLQWHU LKP VWDQG 7HG VHLQHQ 5HYROYHU VFKX‰EHUHLW LQ GHU )DXVW (U VFKOR‰ GLH 7U 'HU/DQJHEOXWHWHLP*HVLFKW(UVWHOOWHVLFKLQGLH(FNH LQGLH7HGV5HYROYHUODXIZLHV *HKUEHUXQGKROGHQ.DSLWlQåEHIDKOPLU7HG$EHU EHHLOGLFKå ,FK IDQG GHQ .DSLWlQ ]XP *OFN DOOHLQ 'RQ 3HGUR ]X EHJHJQHQKDWWHLFKNHLQ9HUODQJHQ 'LH 6DXIQDVH NDP PLW PLU XQG UL‰ YRU 6WDXQHQ GHQ 0XQGDXIDOVHUGLH6]HQHULHLQXQVHUHU.DMWHEHUEOLFN WH (KHHUHLQ:RUWVDJHQNRQQWHEHJDQQ7HGHLQVHOWVDPHV 9HUK|U(UKDWWHVLFKEHU]HXJWGD‰GHU.DSLWlQDQZHVHQG ZDU ± XQG RKQH GHQ %OLFN YRQ GHP /DQJHQ ]X ZHQGHQ VFKULWWHUQXQDXILKQ]X 5HGHå VDJWHHU(VNODQJZLHHLQE|VHV.QXUUHQ0DFK GHLQ0DXODXIå 'HU/DQJHVWDQGXQEHZHJOLFKPLWHUKREHQHQ$UPHQ +DWWH LFK 7HG ELVKHU PLW HLQHU JXWPWLJHQ %XOOGRJJH YHUJOLFKHQGLHVPDOZDUHU]XP)UFKWHQ :LOOVWGXUHGHQå IRUGHUWHHUQRFKHLQPDO 'HU /DQJH EOLHE VWXPP ZDUWHWH ZRKO ELV 7HG LQ GLH 5HLFKZHLWHVHLQHU$UPHNlPH ,FK KLHOW GHQ $WHP DQ 7HG ZROOWH LFK VFKUHLHQ DOV GHU /DQJHGLH$UPHKHUXQWHUUL‰DEHU7HGKDWWHGHQ5HYROYHU IDOOHQODVVHQXQGVD‰GHP/DQJHQDQGHU.HKOH 'HUILHO]X%RGHQXQGEHJDQQ]XVFKUHLHQ7HGKDWWHLKQ PLWHLQHP*ULIIJHSDFNWXQGGUFNWHLKPGHQ.RSIDXIGLH %UXVW:LOOVWGXUHGHQå VDJWHHU 'DPDFKWHGHU/DQJHHLQ=HLFKHQPLWGHU+DQG

6RIRUWOLH‰7HGORV,FKJDELKPVHLQHQ5HYROYHUZLHGHU XQGHUVWHOOWHVLFKYRUGHQ /DQJHQGHU GHQ .RSI KLQ XQG KHU EHZHJWH XQG GDV *HVLFKW YRU 6FKPHU] YHU]RJ 0LW GHP6SUHFKHQOLH‰HUVLFK=HLW :LOOVWGXGHP.DSLWlQHU]lKOHQZDVLKUYRUKDEWå (LQXQZLOOLJHV*UXQ]HQHUW|QWHDOV$QWZRUW 7HGJDEPLUGHQ5HYROYHU]XP+DOWHQ 'HU.DSLWlQKDWWHVLFKHQGOLFKEHVRQQHQXQGEHJDQQ]X WREHQDEHUGHU/DQJHVDKQXUDXI7HGYHUGUHKWHGHQ+DOV QRFKHLQPDOXQGEHJDQQ]XVSUHFKHQ (UZLOOLFKVROO,KQHQVDJHQ«å :DVVROOVWGXVDJHQ"å VFKULHLKQGHU.DSLWlQDQ :LUKDEHQKHXWHEHVFKORVVHQ«GDV*ROG«ZLUKDEHQ «å 7HG JLQJ HLQHQ 6FKULWW DXI LKQ ]X 6R RGHU VR NDSXWWå NQXUUWH HU $EHU GLU YHUIOXFKWHP +XQG GUHKH LFK YRUKHU QRFKGDV*HQLFNXP:DVKDEWLKU"å 1XQVLHKDWWHQEHVFKORVVHQ'RQ3HGURXQGGHQ.DSLWlQ JHIDQJHQ]XQHKPHQ7HG+DUU\XQGPLFKQDWUOLFKDXFK 0LWGHP*ROGGDVMHW]WVFKRQDQ%RUGZDUZROOWHQVLH HLQHQ+DIHQDQODXIHQXQGGDQQYHUGXIWHQhEHUGHQ+DIHQ ZDUHQVLHVLFKQRFKQLFKWLPNODUHQ$XIDOOH)lOOHKlWWHQ VLHNHLQ%OXWYHUJRVVHQ(UJDEVHLQ:RUWXQGZLHGHUKROWH HVGUHLPDO 'LH6DXIQDVHK|UWHVLFKGDV*HVWDPPHOGHV/DQJHQPLW HLQHU6HHOHQUXKHDQ$OVGHUMHGRFKEHKDXSWHWHGHU.DSL WlQXQG'RQ3HGURKlWWHQMDDXFK7HGXQGPLFKEHWUJHQ XQG GDV JDQ]H *ROG IU VLFK KDEHQ ZROOHQ XQG JHZL‰ KlWWHQ VLH LKQ XQG VHLQH .DPHUDGHQ DXFK QRFK REHQGUHLQ «(UZDU QRFK JDU QLFKW VR ZHLW JHNRPPHQ GD VD‰ LKP VFKRQGDV0HVVHUGHV.DSLWlQVLQGHU.HKOH (VZDUVREOLW]VFKQHOOJHJDQJHQGD‰ZLUNHLQH*HOHJHQ

KHLWKDWWHQHLQ]XJUHLIHQ 'HU /DQJH ODJ DXI GHP 5FNHQ XQG DXI GHP %RGHQ EUHLWHWHVLFKHLQH%OXWODFKHDXV 0LFK KDWWH GHU 6FKUHFN JHOlKPW ,FK ]LWWHUWH DP JDQ]HQ .|USHUXQGPX‰WHLPPHU]XDXIGDV%OXWVWDUUHQ'D‰HLQ 0HQVFK HLQHQ DQGHUHQ 0HQVFKHQ VR HLQIDFK DEVWHFKHQ NRQQWHZROOWHQLFKWUHLQLQPHLQHQ.RSI 7HG ZDQGWH VLFK DQ GHQ .DSLWlQ 'DV ZDU QLFKW Q|WLJå VDJWH HU XQJHUKUW :LU ZLVVHQ DXFK VR GD‰ 6LH GLHVHV 6FKDIGDVFKHUHQZROOWHQå (UKDWWHPLFKJHPHLQW'D‰LFK PLWGUDQJODXEHQVROOWHVWDQGZRKODXFKIHVW%OHLEHQ6LH UXKLJ.DSLWlQå -XQJHLFKVDJHGLUVRHLQHQ0DQQZLH7HGKDEHLFKQLH PHKUJHVHKHQ :LU ZROOHQ XQV YHU QQIWLJ XQWHUKDOWHQ GLH =HLW LVW NQDSSå VDJWH HU ]X GHU 6DXIQDVH XQG KLHOW LKP GHQ 5HYROYHU YRU GLH %UXVW 6LH XQG 'RQ 3HGUR VLQG ]ZHL 0DQQ]ZHLJHJHQQHXQ (LQ VFKOHFKWHV 9HUKlOW QLV ,FK JODXEH 6LH NHQQHQ ,KUH %XUVFKHQ EHVVHU DOV LFK 6LH ZLVVHQ ZDV MHGHU YRQ LKQHQ DXI GHP .HUEKRO] KDW XQG6LHZLVVHQDXFKJHQDXGD‰,KUH%DQGHNXU]HQ3UR]H‰ PLW,KQHQPDFKW,FKKDEHJHQXJJHK|UW'HU/DQJHVWDQG :DFKHYRUGHP/RJLVLFKKDEHLKQPLWJHEUDFKW*ODXEHQ 6LHHUKDWJHORJHQ"å³ $XV VHLQHU 6RIDHFNH NRQQWH +DQMR GHQ $OWHQ EHREDFK WHQ ,P ODQJVDP KHOOHU ZHUGHQGHQ 7DJHVOLFKW VDK VHLQ *HVLFKWPGHXQGYHUIDOOHQDXVDEHUVHLQH$XJHQOHEWHQ

XQGGLH%HZHJXQJHQPLWGHQHQHUMHW]WVHLQH(U]lKOXQJHQ KLQ XQG ZLHGHU XQWHUVWULFK ]HXJWHQ YRQ GHU .UDIW XQG (QHUJLHGLHLQLKPVWHFNWHQ Ä7HGKDWGDVGHU6DXIQDVHPLWHLQHUXQKHLPOLFKHQ5XKH PLWJHWHLOW³ IXKU HU IRUW Ä(U VDJWH LKP GD‰ HV QXU HLQH 0|JOLFKNHLWJHEHVHLQGUHFNLJHV/HEHQ]XUHWWHQ (VZDUHLQJDQ]HLQIDFKHU9RUVFKODJ(QWZHGHU'RQ3H GUR XQG GHU .DSLWlQ YHUEQGHWHQ VLFK PLW XQV ± GDQQ VWDQGHQ GLH &KDQFHQ IQI ]X QHXQ RGHU HU WDW HV QLFKW ± GDQQ VWDQG HV ]ZHL ]X ]Z|OI 'HQQ ZLU 7HG +DUU\ XQG LFKZLUZUGHQ DOV HUVWHV YHUVXFKHQ LKP XQG GHP ODXVL JHQ 'RQ 3HGUR GHQ 6FKlGHO HLQ]XVFKODJHQ DXI GD‰ ZLU PLWUXKLJHP*HZLVVHQDXIGLHJUR‰H5HLVHJHKHQN|QQWHQ 'D‰ ZLU GUHL XQV JHJHQ GLH 0DQQVFKDIW EHKDXSWHQ NRQQ WHQEUDXFKWHQLFKWDQJHQRPPHQ]XZHUGHQ 'HU .DSLWlQ JLQJ KLQDXV XQG ZROOWH 'RQ 3HGUR KROHQ :HL‰GHU7HXIHOZRGLHVHU+XQGVWHFNWH ,FKZDUPLW7HGDOOHLQ,FKIUDJWHQLFKWEDWLKQQLFKWXP 9HU]HLKXQJLFKQDKPHLQH=LJDUHWWHYRQLKPXQGUDXFKWH VLHDQ :DV GD LQ GHQ SDDU 0LQXWHQ DXI PLFK QLHGHUJHSUDVVHOW ZDU GDV OLH‰ VLFK XQP|JOLFK DOOHV DXI HLQPDO YHUZLQGHQ ,FK VD‰ DXI GHP 5DQG GHU .RMH XQG VFKWWHOWH GHQ .RSI 'RQ 3HGUR HLQ 9HUEUHFKHU 'HU .DSLWlQ HLQ 9HUEUHFKHU 'LH 0DQQVFKDIW ± -D PHLQ *RWW ZHU EOLHE GHQQ QRFK DQVWlQGLJ"7HG+DUU\XQGLFK8QG7KHUHVD"6LHKDWWHGDV LKUHGD]XJHWDQGD‰LFKPLFKP|JOLFKVWWLHILQGHQ1HW]HQ LKUHV9DWHUVYHUVWULFNWH6LHZDUXPQLFKWVEHVVHUDOVHU± XQG GRFK KDWWH VLH PLFK LQ MHQHU 1DFKW QLFKW YHUUDWHQ :DUXP"$XVSO|W]OLFKHP0LWJHIKO"2GHUOLHEWHVLHPLFK GRFK"3IHLIDXIDOOHV3IHLIDXIGLH/LHEHXQGDXI7KHUHVD 'HU 7UDXP YRP *OFN XQG YRP *ROG ]HUUDQQ 6FKPXW]

XQG %OXW YHU]HUUWH )UDW]HQ EOLHEHQ EULJ 8QG LFK ZXUGH PLWHLQHP0DOHZLHGHUHLQ-XQJHYRQGUHL]HKQ-DKUHQGHU VLFK JHVFKZRUHQ KDWWH VHLQHQ 9DWHU LQ VlPWOLFKHQ 1HZ
WHWKlWWH 1HLQ PLU ZDU QLFKW ]XP /DFKHQ ]XPXWH DOV LFK PLFK EHPKWH PLW GHP 6FKQDSV DXV GHU 7DVFKHQIODVFKH GHV .DSLWlQV'RQ3HGURZLHGHUPXQWHU]XPDFKHQ $OVHUDXIZDFKWHZDUHUEHLZHLWHPQLFKWVRNULHJHULVFK ZLH LFK LKQ DXV GHU 9HUJDQJHQKHLW NDQQWH 7HG ]RJ LKQ KRFK :HQQGXYHUVDJVWZHL‰WGXZDVGLUEOKWåVFKQDX]WHHU LKQDQ :LU KDWWHQ YLHO ]XYLHO =HLW YHUWU|GHOW 9RUQ LP 0DQQ VFKDIWVORJLV NRQQWHQ VLH VFKRQ OlQJVW GDV 9HUVFKZLQGHQ GHV/DQJHQEHPHUNWKDEHQXQGXQWHUZHJVVHLQLKQEHLXQV ]XVXFKHQZREHLVLHZDKUVFKHLQOLFKJOHLFKDOOHVLQHLQHP $XIZDVFKHUOHGLJHQZROOWHQ +DUU\GHUYRUGHU7UVWDQGKDWWHHLQ%HLOLQGHU)DXVW 7HG EHVD‰ HLQHQ 5HYROYHU 'RQ 3HGUR HEHQIDOOV GHU .D SLWlQKDWWHHLQ0HVVHUXQGLFKPHLQH)lXVWH (LQ SDDU QDFNWH )lXVWH VLQG HLQH VFKOHFKWH :DIIH LQ HL QHP .DPSI ZLH HU XQV EHYRUVWDQG 'LH 0HVVHU GHU 0D WURVHQ ZDUHQ PLU QRFK LQ JXWHU (ULQQHUXQJ LKUH 1DUEHQ HEHQIDOOV ,FK KDWWH MD VFKRQ PLW -RH XQG GHP /DQJHQ %HNDQQWVFKDIW JHPDFKW ZX‰WH GD‰ HV EHL LKQHQ NHLQHQ HKUOLFKHQ .DPSI JDE GD‰ VLH GLH 0HVVHU EHL MHGHU *HOH JHQKHLW]RJHQ 8QG HLQ %HLO RGHU HLQH $[W ]X EHVFKDIIHQ EOLHE NHLQH =HLWPHKU,FKVFKOXJHLQHQ6FKHPHODXVHLQDQGHUXQGOLHI ±HLQHVVHLQHUDXVKDUWHP+RO]JHGUHFKVHOWHQ%HLQHLQGHU +DQGGHQDQGHUHQKLQWHUKHU (VERWVLFKXQVQXUHLQH&KDQFHZHQQZLUGLH.HUOHLP /RJLVEHUUDVFKWHQ1XUZHQQVLH]ZHL5HYROYHUOlXIH DXI VLFK JHULFKWHW VDKHQ XQG MHGHU GHU VLFK UKUWH PLW HLQHU .XJHO UHFKQHQ PX‰WH QXU GDQQ NRQQWHQ ZLU KRIIHQ GD‰

DOOHVJXWJHKHQZUGH+DWWHQVLHDEHUDXFK6FKX‰ZDIIHQ GDQQ ± MD ZDV GDQQ JHVFKHKHQ ZUGH NRQQWH VLFK MHGHU YRQXQVDQVHLQHQIQI)LQJHUQDE]lKOHQ $OV LFK GHQ DQGHUHQ QDFKHLOWH VWLH‰ LFK DXI GHP .DEL QHQJDQJ PLW 7KHUHVD ]XVDPPHQ 6LH VDK PLFK DQ GDQQ ZDU VLH PLW ]ZHL VFKQHOOHQ 6FKULWWHQ LQ GHU .DELQH XQG VFKOR‰GLH7U $XIGHP9RUVFKLIIILHOHQ6FKVVH ,FKUDQQWH]XU7UHSSH +LQWHUGHQDOWHQMHW]WOHHUHQ*ROGNLVWHQKDWWHQVLFK7HG XQG+DUU\GHU.DSLWlQXQG'RQ3HGURYHUVFKDQ]W ,FKEHHLOWHPLFK]XLKQHQ]XNRPPHQ6FKRQQDFKGHQ HUVWHQ6FKULWWHQEOLW]WHHVYRUQDQGHU%DFNDXIå ,FKEFNWHPLFK UDQQWHVRVFKQHOOLFKNRQQWHXQG OLH‰ PLFKQHEHQGHQDQGHUHQLQ'HFNXQJIDOOHQ (VKDWWHQRFK]ZHLPDOJHNQDOOWDEHULFKZDUKHLOJHEOLH EHQXQGODJQXQDX‰HU$WHPYRU$XIUHJXQJQHEHQ7HG 'LH .HUOH YRU XQV KDWWHQ LKUH 0DWUDW]HQ DXV GHQ .RMHQ JHULVVHQ XQG VLH DOV .XJHOIDQJ DXIJHEDXW /DQJVDP NUR FKHQ VLH KLQWHU GLHVHU 'HFNXQJ DXI XQV ]X :LU NRQQWHQ QXUDXISDVVHQREVLFKHLQHUYRQLKQHQ HLQH %O|‰H JHEHQ ZUGH$EHUVLHZDUHQ]XYRUVLFKWLJ :LUK|UWHQVLHPLWHLQDQGHUUHGHQXQGGDQQ±DOVVLHELV DXI VHFKV 0HWHU KHUDQJHNRPPHQ ZDUHQ ± ULHI LKU $QIK UHUZLUVROOWHQXQVHUJHEHQVLHZUGHQXQVQLFKWVWXQ :LU EUDXFKWHQ QLFKW ]X DQWZRUWHQ GHQQ GDV *HOlFKWHU GDV VHLQH $XIIRUGHUXQJ EHL VHLQHQ HLJHQHQ /HXWHQ DXVJH O|VWKDWWHVDJWHVFKRQJHQXJ -RHGXGUHFNLJHU+XQGå VFKULHGHU.DSLWlQ:HQQLFK GLFK]XIDVVHQNULHJHå 6LHEHVFKLPSIWHQVLFKHLQHJDQ]H:HLOHXQGGDQQUFN WHQGLH3ROVWHUQlKHUDXIXQV]X

:DV OLHJHQ ZLU KLHU XQG ZDUWHQ ELV VLH XQV DXI GHP 1DFNHQ VLW]HQå UDXQWH LFK 7HG ]X /D‰ PLFK ZHQLJVWHQV YRULFKZHUGHGHQ.HUOHQGLH6FKlGHOHLQVFKODJHQå 7HG QDKP VWDWW HLQHU $QWZRUW GLH 0W]H GHV .DSLWlQV XQG KLHOW VLH EHU GHQ .LVWHQUDQG 6RIRUW NUDFKWHQ ]ZHL 6FKVVH (LQH .XJHO IXKU VSOLWWHUQG LQV +RO] GLH DQGHUH GXUFKVFKOXJGHQ0W]HQVFKLUP 7HGJDEGHP.DSLWlQGLH 0W]H ]XUFN XQG LFK KDWWHNHLQ9HUODQJHQPHKU 6WXUP]XODXIHQ :HQQ VLH DXIVSULQJHQ N|QQHQ GLH DQGHUHQ QLFKW PHKUVFKLH‰HQå VDJWH7HG DEHU GDV ZDU QXU HLQ VFKZDFKHU7URVW 9LHU 0HWHU WUHQQWHQ XQV QRFK ,FK EL‰ GLH =lKQH ]XVDPPHQ 'DV +HU] NORSIWH VR DOVP‰WHHVPLUMHGH6HNXQGHGLH%UXVWVSUHQJHQ 'DQQ ZDU HV VRZHLW 'LH .HUOH KLQWHU GHQ 0DWUDW]HQ VSUDQJHQDXIXQGVFKRQVD‰HQZLUDQHLQDQGHU 'HQ HUVWHQ WUDI LFK VR GD‰ HU PLWWHQ LP 6SUXQJ KLQWHQ EHUILHOXQGOLHJHQEOLHE,FKVDKQRFKZLHGDV%HLOGDVHU LQ GHU +DQG JHKDOWHQ KDWWH GXUFK GLH /XIW ZLUEHOWH *OHLFK]HLWLJ VDK LFK +DUU\ DXI -RH ]XVSULQJHQ VDK DXV -RHV 5HYROYHU GHQ )HXHUVWUDKO XQG +DUU\ ]X %RGHQ VWU ]HQ 'DQQ JLQJ DOOHV LQ HLQHP ZWHQGHQ +DQGJHPHQJH XQWHU 'HQ.DSLWlQHUEOLFNWHLFKYRUGHURIIHQHQ/DGHOXNHXQG LPQlFKVWHQ$XJHQEOLFNVWU]WH-RHLKQLQGHQ/DGHUDXP 7HG XQG LFK YHUVXFKWHQ XQV ]X GHQ .DELQHQ GXUFK]X VFKODJHQ:R'RQ3HGURJHEOLHEHQZDUZX‰WHQZLUQLFKW

7HG OLHI QHEHQ PLU 3O|W]OLFK VFKULH HU DXI XQG ILHO ,P HUVWHQ $XJHQEOLFN ZROOWH LFK PLFK LQ EOLQGHU :XW DXI XQVHUH 9HUIROJHU VWU]HQ DEHU GDQQ VSUDQJ LFK GRFK GLH 7UHSSH KLQXQWHU LQ GHQ .DMWHQJDQJ 0LW GHP .RSI VWLH‰ LFKVRKHIWLJJHJHQGLHREHUH.DQWHGD‰LFKJODXEWHRKQ PlFKWLJ]XZHUGHQ,FKWDXPHOWHLQGLH0LWWHGHV*DQJHV GHQ GLH ZLQ]LJH /DPSH QXU VFKZDFK HUKHOOWH ,FK PX‰WH PLFK DQ GLH :DQG OHKQHQ ZHLO PLU EHO ZXUGH ± XQG GD NDPHQVLHDXFKVFKRQDXIPLFK]X$OOHQYRUDQ-RH6HLQ VFKPXW]LJHV+HPGZDUYROOHQGV]HUULVVHQXQGVHLQ2EHU N|USHU ZDU PLW %OXW EHVFKPLHUW GDV DXV HLQHU 6FKXOWHU ZXQGHUDQQ (VLVWHLJHQDUWLJGLHVH%LOGHUSUlJHQVLFKGLUVRGHXWOLFK HLQGD‰GXVLHQRFKQDFK-DKUHQZDKUVFKHLQOLFKQRFKDXI GHP 6WHUEHEHWW LQ DOOHQ (LQ]HOKHLWHQ ZLHGHUVLHKVW XQG GDEHLVWDQGHQVLHQXU6HNXQGHQYRUGHLQHP$XJH +LQWHULKPWUDPSHOWHQGLHDQGHUHQLQGHQ*DQJ ,FK KDEH QRFK NHLQHQ :DKQVLQQLJHQ JHVHKHQ NHLQHQ UDVHQGHQ6WLHURGHUWREHQGHQ.HLOHUDEHULFKKDEHHLQPDO LQ +DPEXUJ HLQHQ WROOZWLJHQ +XQG JHVHKHQ 'HU *HLIHU IORJ LKP LQ )ORFNHQ YRP 0DXO XQG GLH $XJHQ ZDUHQ EOXWXQWHUODXIHQ XQG JOlQ]WHQ YRU 5DVHUHL 'LH +DOXQNHQ KDWWHQJHQDXVROFKH$XJHQ-XQJHHVNRQQWHGLUGDV*UDX HQNRPPHQ $OVLFKLQGHQ*DQJKLQXQWHUVSUDQJWDWLFKHVLQGHU$E VLFKW PLFK LQ HLQHU .DELQH YHUVFKDQ]HQ XQG PLFK OlQJHU YHUWHLGLJHQ ]X N|QQHQ 6R OHLFKW KDWWH LFK HV LKQHQ QLFKW PDFKHQZROOHQPLFK]XW|WHQ1XQZDUDXFKGDVYRUEHL 'DVQlFKVWHJHVFKDKVRVFKQHOOGD‰LFKPLFKQLFKWDOOHU (LQ]HOKHLWHQ HQWVLQQHQ NDQQ ,FK PX‰WH YRU GHU 7U ]X 'RQ3HGURV.DELQHJHVWDQGHQKDEHQ'LH7UIORJDXIXQG ZLHGHU ]X ,FK IDQG PLFK LQ GHU .DELQH ZLHGHU IKOWH

HLQHQ5HYROYHULQGHU+DQGXQGVFKR‰DOVLFKGHQHUVWHQ 6FKULWW DXI GHP *DQJ K|UWH GXUFK GLH 7UIOOXQJ -RH VFKULH DXI (LQ GXPSIHU )DOO IROJWH XQG GDQQ HU|IIQHWHQ GLH%DQGLWHQHLQZWHQGHV6FKQHOOIHXHUDXIGLH7U'RFK DOOH6FKVVHEOLHEHQRKQH:LUNXQJ:LUVWDQGHQLQVLFKH UHU 'HFNXQJ $E XQG ]X IHXHUWH LFK XP VLH QLFKW LP XQ NODUHQ GDUEHU ]X ODVVHQ GD‰ DXFK LFK ]X VFKLH‰HQ YHU VWDQG 1DFK HLQHU :HLOH ZXUGH HV UXKLJHU 8QG REZRKO GLHVH 5XKH HWZDV *HIlKUOLFKHV KDWWH DWPHWHQ ZLU EHLGH DXI 7KHUHVDVWDQGDQGHU.DELQHQZDQG,KU%OLFNVFKLHQXP 9HU]HLKXQJ ]X ELWWHQ 9HU]HLKXQJ ZRIU" 'DIU GD‰ VLH PLFK EHORJHQ PLU YRUJHVSLHOW KDWWH VLH OLHEH PLFK" 'D‰ 7HGWRWZDUXQG+DUU\" 'DIU JDE HV NHLQ 9HU]HLKHQ 6LH ZDUVFKXOGLJGUHLPDOVFKXOGLJ 8QG LFK" :DU LFK DP /HEHQ JHEOLHEHQ VLH VFKXOGLJ ]X VSUHFKHQ" +LHOW LFK GHQ 5HYROYHU LQ GHU +DQG GDV 8UWHLO ]XYROOVWUHFNHQ" (VLVWHLJHQDUWLJEHVWHOOWXPGDVPHQVFKOLFKH*HKLUQ,Q $XJHQEOLFNHQ JU|‰WHU *HIDKU ]ZLVFKHQ ]ZHL 6FKVVHQ XQG HLQHP VFKQHOOHQ 6SUXQJ OHXFKWHQ EOLW]DUWLJ $E VFKQLWWHGHLQHV/HEHQVDXIXQGZDVGLUELVODQJYHUERUJHQ JHEOLHEHQ GDV VLHKVW GX DXI HLQPDO JDQ] NODU (V LVW VR VHOEVWYHUVWlQGOLFKGXZXQGHUVWGLFKQLFKWHLQPDOGD‰GLU HUVW MHW]W GLHVH *HGDQNHQ NRPPHQ 7UDI PLFK QLFKW GLH YROOH 9HUDQWZRUWXQJ IU DOOHV ZDV JHVFKHKHQ ZDU XQG QRFK JHVFKHKHQ ZUGH" 'HU 7UDXP YRP *OFN XQG YRP *ROG 7HG KDWWH LKQ PLU LP YRUDXV HU]lKOW PHLQHP 9DWHU KDWWHHUGHQ7RGJHEUDFKWXQGQXQ JLQJHUDXFKIUPLFK ]X(QGHGHU7UDXP8QGGDV%OXWGLHYHU]HUUWHQ)UDW]HQ XQG GHQ 'UHFN KDWWH LFK DXI PLFK ]X QHKPHQ :DU LFK VFKXOG DP 7RGH 7HGV XQG +DUU\V RGHU 7KHUHVD" ,FK ZDU

HVLFKJDQ]DOOHLQ 7KHUHVD QDKP PLU GLH 9HUDQWZRUWXQJ QLFKW DE *OHLFK ]HLWLJ PLW GLHVHU (UNHQQWQLV ZXUGH PLU DXFK NODU ZDV LQ LKU YRUJHJDQJHQ ZDU GDPDOV DOV LFK LKU VDJWH GD‰ LFK PLFK VFKlPH LKUHQ 9DWHU XQG VLH YHUGlFKWLJW ]X KDEHQ XQGGD‰LFKVLHKHLUDWHQZROOWH6LHKDWWHKLQJHKHQZROOHQ ]XLKUHP9DWHUXQGLKPVDJHQ'HU DOWH 7HG +DZNLQV KDW XQVGXUFKVFKDXWXQGGHUMXQJH(VHOJODXEWLKPQRFKQLFKW UHFKW XQG VLH KDWWH JHVSUW GD‰ VLH GDV QLFKW NRQQWH 9LHOOHLFKW KlWWH VLH HV DP HUVWHQ 7DJ XQVHUHU 5HLVH JHWDQ LQ MHQHU 1DFKW JHODQJ HV LKU QLFKW PHKU $XV GHP 6SLHO ZDU (UQVW JHZRUGHQ VLH KDWWH HV ]X PHLVWHUOLFK JHVSLHOW ,FKZLOOQLFKWVDJHQGD‰VLHLKUH/LHEH]XPLUJDQ]SO|W] OLFK HQWGHFNW KDWWH VRYLHO ZDU HV QLFKW (V ZDU QXU GLH DXI]XFNHQGH *HZL‰KHLW GD‰ VLH PLFK GHQ MXQJHQ (LQ IDOWVSLQVHO QLFKW DQV 0HVVHU OLHIHUQ NRQQWH 0RFKWH GHV ZHLWHUHQ JHVFKHKHQ ZDV ZROOWH ± 1XQ JHVFKDK HV MD 1LFKW PHKU ODQJH NRQQWH HV GDXHUQ GDQQ KDWWH VLFK DOOHV HUIOOW ,FK YHUVSUWH NHLQHQ +D‰ JHJHQ 7KHUHVD 6LH ZDU GDVLHKDWWHPLFKLQGLH.DELQHJH]RJHQXQGGDVZDUJXW RGHU QLFKW JXW 6LH KROWH 0XQLWLRQ DXV GHP .RIIHU LKUHV 9DWHUVXQGUHLFKWHVLHPLU:DVKDWWHGDVIU=ZHFN":LH ODQJHNRQQWHQZLUXQVQRFKKDOWHQ" =HKQ 0LQXWHQ HLQH 9LHUWHOVWXQGH PRFKWHQ YHUJDQJHQ VHLQ 1RFK LPPHU KLHOW GLH 5XKH DQ 'UDX‰HQ DXI GHP *DQJVFKLHQQXUQRFKHLQ:DFKWSRVWHQ]XVHLQ(UIOXFKWH XQXQWHUEURFKHQ XQG YRQ =HLW ]X =HLW EDOOHUWH HU HLQH .XJHOGXUFKGLHEHUHLWVUHFKWO|FKHULJJHZRUGHQH7U,FK KDWWHGHQ(LQGUXFNDOVREGHU.HUOPHKU5HVSHNWYRUPLU EHVD‰DOVLFKYRULKP0HLQ3ODQLKQ]XEHUUXPSHOQZDU VFKQHOO JHID‰W (LQHQ GHU VFKZHUHQ /HGHUNRIIHU 'RQ 3H GURV DOV .XJHOIDQJ YRU PLU KHUVFKLHEHQG NURFK LFK YRU

VLFKWLJ DXI GLH 7U ]X 1RFK EHYRU LFK VLH HUUHLFKWH EH JDQQ HV GUDX‰HQ ]X OlUPHQ :DKUVFKHLQOLFK KDWWHQ GLH +DOXQNHQLKUH%HUDWXQJEHHQGHW6FKZHUH6FKULWWHSROWHU WHQEHUGHQ *DQJVFKZHUH*HJHQVWlQGHZDKUVFKHLQOLFK .LVWHQ XQG 6lFNH DXV GHP /DGHUDXP ZXUGHQ YRU XQVHUH .DELQH JHVFKREHQ 0DQ KDWWH HV HLOLJ XQG YHU]LFKWHWH VRJDU GDUDXI XQV ]X YHUK|KQHQ 'LH 6LWXDWLRQ ZDU PLU NODU :LU ZXUGHQ HLQJHVFKORVVHQ XQG ZDUHQ GD]X YHUXU WHLOWPLWGHP6FKLIIXQWHU]XJHKHQ'LHIROJHQGHQ0LQXWHQ EHVWlWLJWHQ PHLQH $QQDKPH (LQ 5HQQHQ XQG +DVWHQ KXE DQ .RPPDQGRV XQG )OFKH HUW|QWHQ ZLU K|UWHQ GDV .HXFKHQ GHU 0lQQHU GLH GDV *ROG DQ 'HFN VFKOHSSWHQ $OV LFK YHUVXFKWH GLH 7U HLQHQ 6SDOW ]X |IIQHQ XP GLH %DUULNDGH JHJHEHQHQIDOOV ]X HQWIHUQHQ ZXUGH VRIRUW JH VFKRVVHQ ,FK JDE HV DXI QDFK HLQHP $XVZHJ ]X VXFKHQ XQG VHW]WH PLFK DXI GHQ 6FKUHLEWLVFK GHU VLFK JHJHQEHU GHU 7U XQWHU GHP %XOODXJH EHIDQG 7KHUHVD VDK PLFK IUDJHQGDQ,P$XJHQEOLFNEUDXFKHQZLUQLFKWV]XIUFK WHQå VDJWH LFK VLH KDEHQ :LFKWLJHUHV ]X WXQ DOV XQV ]X HUVFKLH‰HQå 'DV3ROWHUQXQG5XPSHOQDQ'HFNKDWWHVLFK YHUVWlUNW 7KHUHVD NQLSVWH GDV /LFKW DXV XQG VHW]WH VLFK QHEHQ PLFK6LHZHUGHQGDV*ROGLQGLH5HWWXQJVERRWHVFKDIIHQ XQGGDV6FKLIIYHUODVVHQåVDJWHVLHPLWEHZXQGHUQVZUGL JHU5XKH 8QG EHYRU VLH YRQ %RUG JHKHQ |IIQHQ VLH GHU ª6ZDO ORZ© GDV %RGHQYHQWLOå HUJlQ]WH LFK ELVVLJ 'DQQ KDEHQ ZLU HLQH 6WXQGH =HLW XQV IHUWLJ]XPDFKHQ IU GLH JUR‰H 5HLVH 9LHOOHLFKW GDXHUW HV DXFK ]ZHL 6WXQGHQ ELV ZLU YHUVLQNHQå 'DV*HWUDPSHOXQG*HVFKXUUHUL‰QLFKWDE%HL7DJHVDQ EUXFK OLH‰HQ VLH GDV JUR‰H 5HWWXQJVERRW ]X :DVVHU GDV

+DVWHQXQG7UHLEHQYHUVWlUNWHVLFK(QGOLFKWUDW5XKHHLQ 'LH6ZDOORZå ODJJDQ]VWLOODXIGHP:DVVHU6LHZDUQRFK Y|OOLJ LQWDNW XQG GRFK NDP VLH PLU YRU ZLH HLQ 7RWHQ VFKLII (V ZDU VR DOV ZDUWHWH VLH DXI LKUHQ +HQNHU 'HU NDP DXFK XQG EUDFKWH VHLQHQ *HKLOIHQ PLW =ZHL 0DQQ JLQJHQ XQWHU 'HFN LQ GHQ 0DVFKLQHQUDXP ,FK OHJWH GDV 2KU DQ GLH %RUGZDQG XQG K|UWH ZLH GDV %RGHQYHQWLO JH|IIQHW ZXUGH 5DXVFKHQG VFKR‰ GDV :DVVHU LQV 6FKLII 'LH EHLGHQ 0lQQHU SROWHUWHQ GLH HLVHUQH 7UHSSH KLQDXI 5XIH XQG 6FKUHLH DQ 'HFN .QDUUHQ GHU OHHUHQ %RRWVGD YLWVHLQSDDU$[WVFKOlJHQRFKXQGGDQQGDVJOHLFKPl‰LJH .ODWVFKHQ GHU 5LHPHQ LP :DVVHU :LU ZDUHQ DOOHLQ DXI GHPVLQNHQGHQ6FKLII 0LWHLQLJHU$QVWUHQJXQJVFKREHQZLUGLH%DUULNDGHYRQ GHU 7U ]XUFN XQG OLHIHQ DQ 'HFN GDV VLFK EHUHLWV EH GHQNOLFK]XQHLJHQEHJDQQ 7HG VDK LFK ]XHUVW (U ODJ DXI GHP *HVLFKW $OV LFK LKQ XPGUHKWHHQWGHFNWHLFKGLH:XQGHDXIGHU%UXVW $UPHU7HGåVDJWH LFK XQG PX‰WH PLFK ]ZLQJHQ DXI]X VWHKHQ +DUU\ODJEHLGHQ.LVWHQ(UVDKIULHGOLFKDXVDOVREHU VFKOLHIH (LQHU GHU %DQGLWHQ KDWWH HLQHQ %DXFKVFKX‰ HU ZDU JUl‰OLFK ]XVDPPHQJHNUPPW (LQHP DQGHUHQ KDWWH LFKZRKOGHQ6FKlGHO]HUWUPPHUW 0LW-RHGHUDXIHLQHP3DFNHQ6HJHOWXFKODJXQGRIIHQ EDU HUVW YRU NXU]HP VHLQHU 9HUZXQGXQJ HUOHJHQ ZDU KDW WHQ VLH GUHL 0DQQ YHUORUHQ 9LHO ]XZHQLJ XP 7HGV XQG +DUU\V 7RG DXI]XZLHJHQ $EHU GHU 7RG HLQHV 0HQVFKHQ Ol‰WVLFKQLFKWDXIZLHJHQGXUFKQLFKWV 'DV JUR‰H %RRW VFKZDPP EHUHLWV HLQ JXWHV 6WFN YRQ XQV HQWIHUQW (V ODJ ELV ]XP 'ROOERUG LP :DVVHU 'DV *ROGGDVVLHJHODGHQKDWWHQ]RJHVVRWLHI

,FKKREGHQ5HYROYHUXQGIHXHUWHGLH7URPPHOOHHU 'LH (QWIHUQXQJ ZDU VFKRQ ]X JUR‰ LFK NRQQWH GLH .X JHOQ ULQJV XP GDV %RRW LQV :DVVHU VFKODJHQ VHKHQ :DV KDWWHHVDXFKIUHLQHQ=ZHFN"8QVZDUGDPLWQLFKWJHKRO IHQ 8QV KlWWH QXU GLH NOHLQH -ROOH KHOIHQ N|QQHQ XQG GLH KDWWHQ VLH PLW GHQ OHW]WHQ $[WVFKOlJHQ GLH ZLU JHK|UW KDWWHQXQEUDXFKEDUJHPDFKW ,FK EHVDK PLU GHQ 6FKDGHQ XQG VSXFNWH XQZLOONUOLFK ZLH GHU DOWH 0KOPDQQ JHVSXFNW KDEHQ ZUGH 7MD KlWWH GHU JHVDJW GDV LVW PDQ åQH EOH 6DFKH QRFK $EHU KLQ NULHJHQZHUGHQZLUGDV'LQJVVFKRQ +HXWH QRFK ELQ LFK LKP GDQNEDU GD‰ HU PLU GLH %RRWV EDXHUHL EHLJHEUDFKW KDW (V JHODQJ PLU GLH -ROOH ]X UHSD ULHUHQEHYRUGLH6ZDOORZå VDQN (VZDUNHLQ0HLVWHUZHUNDEHUGDVVROOWHHVMDQLFKWVHLQ 7KHUHVD KDOI PLU GLH 3ODQNHQVWFNH GLH LFK VFKQHOO ]X UHFKWJHKDXHQ XQG HLQJHSD‰W KDWWH PLW 6HJHOWXFK :HUJ XQG7HHUDE]XGLFKWHQ :LUVFKDIIWHQ3URYLDQWDQ'HFN$OVLFKPLWHLQHP.DU WRQ .RQVHUYHQ ]XP %RRW OLHI HUVFKUDN LFK IXUFKWEDU 7HG VDKPLFKDQ (UZDUDQGLH5HOLQJJHUXWVFKWXQGLFKNRQQWHPLFKJH QDX HULQQHUQ GD‰ HU YRUKLQ DOV LFK LKQ XPGUHKWH GLH $XJHQJHVFKORVVHQJHKDEWKDWWH 7HGZDUQLFKWWRW'HU JUR‰H%OXWYHUOXVW KDWWH GLH ODQJH 2KQPDFKWYHUXUVDFKW 7KHUHVD KDOI PLU LKQ ]X YHUELQGHQ (U KlWWH VLFK ZXQ GHUQ PVVHQ VLH EHU VLFK JHEHXJW ]X VHKHQ DEHU VHLQ %OLFNZDUVRUXKLJDOVVHLLKPDOOHVYHUVWlQGOLFK,FKHLOWH QRFK HLQPDO LQV ,QQHUH GHV 6FKLIIHV XP DXV 'RQ 3HGURV .DELQH HLQLJH :HLQIODVFKHQ ]X KROHQ (LQ 6FKOXFN 5RW

ZHLQJODXEWHLFKZUGH7HGJXWWXQ 'LH6ZDOORZå KDWWHVLFKZLHGHUDXIJHULFKWHWXQGVFKLHQ HV JDU QLFKW PHKU HLOLJ ]X KDEHQ PLW GHP 6LQNHQ 'DV :DVVHU JOXFNVWH LQ GHQ *lQJHQ HV ZDU XQKHLPOLFK VR DOOHLQ ]X VHLQ DXI HLQHP VWHUEHQGHQ 6FKLII ,FK HUJULII HLQLJH)ODVFKHQXQGZlKUHQGLFKPLFK]XP'HFN]XUFN DUEHLWHWHHULQQHUWHLFKPLFKQLUJHQGV'RQ3HGURJHVHKHQ ]X KDEHQ (U KDWWH QLFKW DQ 'HFN JHOHJHQ HU ZDU DXFK QLFKW EHL GHU IOFKWLJHQ 0DQQVFKDIW LP 5HWWXQJVERRW JHZHVHQ (V JDE QXU HLQH 0|JOLFKNHLW 6LH KDWWHQ LKQ LP .DPSIEHUGLH5HOLQJ JHVWR‰HQ:DUXP VXFKWH LKQ 7KH UHVDQLFKW :DUXP IUDJWH VLH QLFKW QDFK LKP" ,FK KDWWH NHLQH =HLW ODQJHGDUEHUQDFK]XGHQNHQ,FK|IIQHWHHLQH)ODVFKHXQG IO|‰WH7HGHWZDV:HLQHLQ ,Q DOOHU (LOH VFKDIIWHQ ZLU 7HG LQ GLH -ROOH LFK UHLFKWH 7KHUHVDGHQ3URYLDQWKLQXQWHUXQGNOHWWHUWHDOVOHW]WHUYRQ %RUG =ZHLKXQGHUW 0HWHU ZDUHQ ZLU YLHOOHLFKW YRQ GHU 6ZDOORZå HQWIHUQW DOV VLH GHQ %XJ DXV GHP :DVVHU KRE XQG EHUV +HFN LQ GLH 7LHIH UXWVFKWH 6LH JLQJ VR UXKLJ XQWHU VR XQGUDPDWLVFK ,FK KDWWH PLU HLQHQ 6FKLIIVXQWHU JDQJ LPPHU JDQ] DQGHUV YRUJHVWHOOW $EHU DOV VLH YHU VFKZXQGHQ ZDU XQG GRUW ZR ZLU VLH HEHQ QRFK JHVHKHQ KDWWHQGDV:DVVHUVROHHUXQGXQEHUKUWODJGDVSUWHLFK GRFK HLQ OHLVHV *UDXHQ YRU GHU 6HH GLH VR IUHXQGOLFK OlFKHOQ NDQQ XQG VR KDUPORV WXW XQG PLW HLQHP /lFKHOQ 6FKLIIHVFKOXFNWXQG0HQVFKHQ 1XQ ZUGH QHEHQ GHQ 7UPPHUQ GHU 6DQWLVVLPD 7ULQL GDGå HLQ QHXHV:UDFNOLHJHQGLH )LVFKH ZUGHQVLFKWXP PHOQ XQG VLH ZUGHQ 'RQ 3HGUR XQG GHQ .DSLWlQ EHJU ‰HQ-RHGLHEHLGHQDQGHUHQ+DOXQNHQ±XQGDXFK+DUU\

7HG VWDUE EHYRU ZLU GLH $ODFUDQHVLQVHOQ HUUHLFKWHQ (U KDWWHNHLQH6FKPHU]HQPHKUJHKDEW'DVOHW]WHZDVHUPLU PLWJHWHLOW KDWWH ZDU ZLH PHLQ 9DWHU GXUFK VHLQH 6FKXOG XPV /HEHQ JHNRPPHQ $EHU GLHVH 6FKXOG KDWWH HU QXQ DEJHWUDJHQXQGGDUXPVWDUEHUDXFKUXKLJ(UVFKLHQQRFK LP 7RGH ]X OlFKHOQ VR JDQ] OHLVH DOV IUHXH HU VLFK QLFKW YHUJHEOLFKPLWPLUJHJDQJHQ]XVHLQ :LUKDEHQLKQEHU%RUGJHKREHQXQGLQV:DVVHUJOHLWHQ ODVVHQ'LH.RUDOOHQZHUGHQLKQIHVWJHKDOWHQKDEHQXQGHU ZLUGQLFKWZLHGHUQDFKREHQJHNRPPHQVHLQ 8QJHIlKUGHWHUUHLFKWHQZLUGLH$ODFUDQHVLQVHOQ *HPHLQVDP NHKUWHQ ZLU QDFK 1HZ
'HU DQEUHFKHQGH 7DJ VWUHXWH VHLQ /LFKW LQ GLH .DMWH 'HU .DSLWlQ WUDW DQ GDV %XOODXJH XQG VDK KLQDXV DXI GLH 6HH'LHHUVWHQ6RQQHQVWUDKOHQJOLW]HUWHQEHUGDV:DVVHU (U JLQJ DXI GLH %UFNH XQG HUNXQGLJWH VLFK EHLP (UVWHQ REDOOHVLQ2UGQXQJVHL +DQMR IUDJWH LKQ QLFKW PHKU ZDV DXV GHQ VHFKV 0DQQ JHZRUGHQ ZDU GLH PLW GHP *ROG GHU Ä6DQWLVVLPD 7ULQL GDG³ JHIORKHQ ZDUHQ ± HU HU]lKOWH HV LKP DXFK QLFKW EHUKDXSW HUZlKQWH HU GLH JDQ]H *HVFKLFKWH PLW NHLQHP :RUWPHKU ,P QlFKVWHQ -DKU PDFKWH +DQMR PLW GHP QHX LQ 'LHQVW JHVWHOOWHQ 7RQQHU VHLQH HUVWH 5HLVH QDFK &KLQD (U OHUQWHGDV0LWWHOPHHUXQGGHQ6XH]NDQDONHQQHQGDV5RWH 0HHU GHQ ,QGLVFKHQ 2]HDQ XQG GLH ODQJH 'QXQJ GHV 3D]LILN'XUFKDOOH:HOWPHHUHZDUHUJHVFKLSSHUWXQGZR LPPHU GDV 6FKLII PLW GHU VFKZDU]URWJROGHQHQ )ODJJH LQ GHQ+DIHQOLHIZXUGHHVIUHXGLJEHJU‰WOHJWHHV=HXJQLV DE YRQ GHP .|QQHQ XQVHUHU 6FKLIIVEDXHU XQG GHP (LIHU XQVHUHUMXQJHQ0DWURVHQ+DQMRZDUVWRO]DXIVHLQ6FKLII 8QGZHQQDOOHVNODSSWZLUGHULPQlFKVWHQ-DKUDOV6WHX HUPDQQ DXI HLQHP 7RQQHU IDKUHQ YLHOOHLFKW DXFK DXI HLQHP 7RQQHU 'LH *U|‰H DOOHLQ PDFKW HV MD QLFKWZLUGHUGDQQVHLQHQ-XQJHQHUNOlUHQZLUKDEHQQXU QHXH6FKLIIHKHXWHXQGLPQlFKVWHQ-DKUYLHOOHLFKW± GDV LVW GLH +DXSWVDFKH 9LHOOHLFKW HU]lKOW HU LKQHQ DXFK GD‰ HU HV EHLQDKH YHUSD‰W KlWWH DXI GHP HUVWHQ XQVHUHU JUR‰HQ hEHUVHHIUDFKWHU DQ]XKHXHUQ XQG ZHU LKQ GDYRU EHZDKUW KDW *DQ] EHVWLPPW HU]lKOW HU HV LKQHQ GHQQ HU GHQNW RIW DQ GHQ $OWHQ 1LFKW WlJOLFK XQG VWQGOLFK VRQ GHUQ HLQIDFK VR ZLH PDQ HLQHV JXWHQ )UHXQGHV JHGHQNW GHUYLHOIUHLQHQJHWDQKDW

+HIW

+HUPDQQ7XURZVNL Ä1DFKWEHU+RO\2DN³

'DV ZDKUH *HVLFKW $PHULNDV ]HLJW VLFK GHP MXQJHQ 'HXWVFKHQ +DUDOG 6FKQHLGHU GHU YROOHU $EHQWHXHUOXVW EHU .DQDGD LQ GLH 86$ NRPPW (U JODXEW QRFK LPPHU GD‰ GLH )DUELJHQ PLQGHUZHUWLJH 0HQVFKHQ VLQG ZLH -LP 2å'Z\HUGHU.ULPLQHOOHHVLKPNODUJHPDFKWKDW $OV +DUDOG XQG .LQJ 6DORPR GHU 6FKZDU]H $UL]RQD ELQQHQ  6WXQGHQ YHUODVVHQ PVVHQ XQG GDEHL DXI HLQHQ IDKUHQGHQ 2EVW*WHU]XJ VSULQJHQ ZROOHQ GUlQJW GHU -XQJH GHQ 1HJHU EUXWDO ]XUFN *UR‰ LVW VHLQH %HVFKl PXQJ DOV VLFK QDFK VHLQHP 6WXU] .LQJ 6DORPR VHLQHU DQQLPPWXQGGDEHLVHOEVWGHU/\QFKMXVWL]]XP2SIHUIlOOW