Die Sonnengeister

8570$+5 ',(6211(1*(,67(5 (5,&+3$%(/9(5/$*.*5$67$77%$'(1 3(55...

Author: Mahr Kurt

7 downloads 290 Views 596KB Size Report

This content was uploaded by our users and we assume good faith they have the permission to share this book. If you own the copyright to this book and it is wrongfully on our website, we offer a simple DMCA procedure to remove your content from our site. Start by pressing the button below!

Report copyright / DMCA form

DOWNLOAD PDF

.8570$+5

',(6211(1*(,67(5

(5,&+3$%(/9(5/$*.*5$67$77%$'(1 3(55<5+2'$17DVFKHQEXFK 'H]HPEHU (U VDK ZLH GHU 1HEHO SO|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|KQHQGHUZXUGHZLHHUGLH.RQWUROOHEHUGLH5HIOH[HVHLQHV.|USHUVYHUORU(U EOLFNWHDXIXQGVDKGLHJUDXH)HOVODQGVFKDIWPLWLKUHQNOHLQHQEODXHQ)OHFNHQYRQ+DUWJUDV LQOHXFKWHQGHP5RWHUVWUDKOHQ'DVZDUHQQLFKWPHKUVHLQH$XJHQGXUFKGLHHUVDK :HU-DULHO%RUULQGLHVHQ$XJHQEOLFNHQKlWWHEHREDFKWHQN|QQHQGHPKlWWHVLFKGDV%LOG HLQHV0DQQHVJHERWHQGHUSO|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hEHU LKP VWUDKOWH GHU ZRONHQORVH +LPPHOLQVDWWHP9LROHWW'LH6RQQHZDUHLQNOHLQHUDEHUXQHQGOLFKJUHOOHUJUQOLFKHU3XQNW LQ GHU :HLWH GHV )LUPDPHQWV HEHQ HUVW EHU GLH *LSIHO GHU |VWOLFKHQ %HUJNHWWH HPSRUJHZDFKVHQ 'HU *HGDQNH GDVV KHXWH ZLHGHU HLQ KHLHU 7DJ VHLQ ZUGH NDP -DULHO %RUUQLFKW(UVWHQVZDUHQDOOH7DJHDXIª1HXIIXQ©KHL 8QG ]ZHLWHQV NDPHQ -DULHO %RUU VROFKH *HGDQNHQ VHLW GHP PHUNZUGLJHQ (UHLJQLV DP 5DQGH GHV 7DOHV QLFKW PHKU 'HQQ GHU 0DQQ GHU GD GXUFK GDV )HOVJHU|OO GHU +RFKHEHQH VWDSIWHZDUQLFKWPHKU-DULHO%RUU $P $EHQG GLHVHV 7DJHV HUUHLFKWH HU GHQ VGOLFKHQ 5DQG GHU +RFKHEHQH (U EOLHE VWHKHQ XQGVWDUUWHEHUGHQMlKHQ$EJUXQGKLQDELQV7DOGDVHLJHQWOLFKNHLQ7DOZDUVRQGHUQHLQH ZHLWHQXUYRQJHULQJIJLJHQ8QHEHQKHLWHQGXUFK]RJHQH3UlULHGLHVLFKELV]XP0HHUZHLW LP6GHQKLQ]RJ(LQSDDU.LORPHWHUVGOLFKGHV6WHLODEIDOOVGHU)HOVZDQGDEHUODJGLH6WDGW %HOH]LQGH DXV NQDSS HLQHP 7DXVHQG )HUWLJKlXVHUQ EHVWHKHQG GLH RUGHQWOLFK DQHLQDQGHUJHUHLKWZDUHQXQGLQLKUHU*HVDPWKHLWHLQ4XDGUDWPLWOHLFKWDEJHUXQGHWHQ(FNHQ ELOGHWHQ -DULHO %RUU EHUQDFKWHWH LQ GHQ )HOVHQ DP REHUHQ 5DQG GHV 6WHLODEIDOOV (U D HLQ SDDU 6FKHLEHQ JHWURFNQHWHV )OHLVFK XQG WUDQN ]ZHL 0XQGYROO :DVVHU DXV HLQHP QDKH]X OHHUHQ .DQLVWHU)OHLVFKXQG.DQLVWHUHQWQDKPHUHLQHPUXFNVDFNlKQOLFKHQ%HKlOWHUGHQHUZlKUHQG GHV 0DUVFKHV DXI GHP 5FNHQ JHWUDJHQ KDWWH )UK DOV GHU +LPPHO VLFK ]X YHUIlUEHQ EHJDQQ ZDU -DULHO VFKRQ ZLHGHU DXI GHQ %HLQHQ 6HLQH 0RUJHQPDKO]HLW EHVWDQG DXV

GHQVHOEHQ,QJUHGLHQ]LHQZLHVHLQ$EHQGHVVHQGHU.DQLVWHUZXUGHGDEHLOHHU$OVGLH6RQQH DXIJLQJ PDFKWH GHU HLQVDPH :DQGHUHU VLFK DQ GHQ $EVWLHJ (LQ VFKPDOHU )HOVVWHLJ IKUWH GXUFK GLH :DQG KLQDE LQ GLH (EHQH :HU LKQ JHKHQ ZROOWH GHU ZXVVWH EHVVHU QLFKWV YRQ 6FKZLQGHOXQG8QVLFKHUKHLW'HQQPDQFKPDOYHUOLHIGHU6WHLJJDQ]DXHQLQGHU:DQGXQG ZHQQ -DULHO %RUU ]XU 6HLWH EOLFNWH GDQQ VDK HU DFKWKXQGHUW 0HWHU XQWHU VLFK GDV ZRJHQGH EOlXOLFKH+DQIJUDVGHU3UlULH =ZHL6WXQGHQYRU0LWWDJHUUHLFKWHHUGLH6WDGW0DQKDWWHLKQYRQZHLWHPNRPPHQVHKHQ XQGDP$QIDQJGHU6WUDHGLHYRQ1RUGHQKHUQDFK%HOH]LQGHKLQHLQIKUWHVWDQGHQ0lQQHU GLHLKQHUZDUWHWHQ(UDEHUVFKULWWDQLKQHQYRUEHLDOVJlEHHVVLHJDUQLFKW ª2KRLVWGHUKHXWHVWRO]©ULHIHLQHUGHU0lQQHUKLQWHU-DULHOKHU ª:DKUVFKHLQOLFKKDWHUHLQHQWROOHQ)XQGJHPDFKW©VSRWWHWHHLQDQGHUHUª'DZLOOHUYRQ XQVDUPHQ)LJXUHQQLFKWVPHKUZLVVHQ© ª+H-DULHO©VFKULHHLQGULWWHU 'HU OHW]WH GHU *UXSSH HLQ ODQJHU KDJHUHU 0DQQ PLW HUQVWHP QDFKGHQNOLFKHP *HVLFKW VDJWH QLFKWV -DULHO %RUU ZDU LKP PHUNZUGLJ YRUJHNRPPHQ (U VFKULWW KLQWHU LKP KHU XQG DOVHULKQELVDXIHLQSDDU0HWHUHLQJHKROWKDWWHVSUDFKHULKQDQ ª-DULHOZDUWHGRFK© $EHUGHU0DQQPLWGHP5XFNVDFNJLQJZHLWHU'HU +DJHUHKROWHLKQHLQ(UIDVVWH-DULHOEHLGHU6FKXOWHUXQGZROOWHLKQIHVWKDOWHQ'DSO|W]OLFK H[SORGLHUWH-DULHO0LWHLQHU*HVFKZLQGLJNHLWGLHLKPQLHPDQG]XJHWUDXWKlWWHHQWULVVHUVLFK GHP*ULIIGHV+DJHUHQ(UZLUEHOWHKHUXPXQGGLH+DQGVWDFK]XP*UWHOKLQDEZRHUHLQHQ ODQJOlXILJHQ6WUDKOHUWUXJ'LH:DIIHVFKLHQLKPI|UPOLFKLQGLH)LQJHU]XVSULQJHQ ª1LFKW-DULHO©VFKULHGHU+DJHUHHQWVHW]WDXIXQGZDUIGLH$UPHLQGLH+|KH -DULHO GUFNWH DE (LQH KDDUIHLQH %DKQ DXV ZHLJOKHQGHU (QHUJLH ]RJ VLFK YRQ GHU 0QGXQJ GHV /DXIHV ELV ]XU %UXVW GHV +DJHUHQ 'HU 0DQQ VWLH HLQHQ lFK]HQGHQ /DXW DXV XQGEUDFK]XVDPPHQ-DULHO%RUUVFKREGLH:DIIHZLHGHULQGHQ*UWHOGUHKWHVLFKXPXQG VHW]WHVHLQHQ:HJIRUW ª1HXIIXQ "© PDFKWH

ª9RQ GHU (UIDKUXQJ KHU KDEHQ 6LH UHFKW© EHVWlWLJWH /LWWRQ ª+LHU DEHU VFKHLQW HLQ )DOO HLQJHWUHWHQ]XVHLQGHUXQVHUHQ(UIDKUXQJHQZLGHUVSULFKW8QWHUGHQVRQVW]ZDUUDXEHLQLJHQ DEHU ]LHPOLFK IULHGOLFKHQ 6LHGOHUQ JUDVVLHUHQ VHLW NXU]HP 0RUG XQG 7RWVFKODJ ZLH HLQH 6HXFKH1DFKYRUOLHJHQGHQ0HOGXQJHQVLQGDOOHLQHLP/DXIGHUYHUJDQJHQHQ]HKQ7DJHEHU ]ZHLKXQGHUW0HQVFKHQXPJHEUDFKWZRUGHQ© ª8PJHEUDFKW9RQZHP6LU"©IUDJWH

JHJHQZlUWLJHV:RKOEHILQGHQQLFKWPHKUODQJHDQKDOWHQZLUG© 'LH EHLGHQ lQGHUQ HLQH MXQJH DWWUDNWLYH )UDX PLW URWEORQGHP +DDU XQG HLQ NOHLQHV NRUSXOHQWHV *HVFK|SI GDV HLQHQ ZHQLJ JOFNOLFKHQ (LQGUXFN PDFKWH ZRKO ZHJHQ VHLQHV SHUPDQHQW WUDXULJHQ *HVLFKWVDXVGUXFNV YHUKLHOWHQ VLFK VWLOO EOLFNWHQ %HNNHU MHGRFK PLW XQYHUKRKOHQHU6SDQQXQJHQWJHJHQ ª*X\KDWUHFKW©HUZLGHUWHGHU0DMRUª:LUVLQGDXIJHUXIHQHLQZHQLJGHQ6HHOVRUJHU]X VSLHOHQ© ª6HHOVRUJHU"©KDXFKWH*X\7DLWLQJHUHQWVHW]W ª:R"©HUNXQGLJWHVLFK1RUPD6LQJHUGLH5RWEORQGH ª$XI1HXIIXQ© ª1HXIIXQ1HXIIXQ©PXUPHOWH7DLWLQJHUª:DVLVWGDV"© ª+lKlHUZHLHVZLHGHUQLFKW©PHFNHUWHGHU'LFNH=XVHLQHUXQJOFNOLFKHQ(UVFKHLQXQJ JHVHOOWH VLFK QRFK HLQH VFKULOOH SOlUUHQGH 6WLPPH GLH VR NODQJ DOV NlPH VLH DXV HLQHU XUDOWHQ]HUEHXOWHQ7URPSHWHª0DQPXVVVLFKZXQGHUQGDVVHUGHQ3ODQHWHQNHQQWDXIGHP HUVHOEHUOHEW© 0LWNRPLVFKHU:XWZDQGWHGHUKRFKDXIJHVFKRVVHQH/HXWQDQWVLFKDQGHQ'LFNHQ ª'X KlOWVW GHQ 0XQG 6XQLN© IXKU HU LKQ DQ ª1LHPDQG KDW XP GHLQHQ 5DW JHEHWHQ ,P EULJHQP|FKWHLFKVHKUEH]ZHLIHOQGDVVDXVJHUHFKQHWGXZHLWZDV1HXIIXQLVWXQGZRHV OLHJW© (VKDQGHOWHVLFKKLHUEHLXPHLQWUDGLWLRQVUHLFKHV6SLHOGDV7DLWLQJHUXQG6XQLNPLWHLQDQGHU VSLHOWHQVRODQJHVLH]XU$EWHLOXQJ3VLJHK|UWHQ7DLWLQJHUJDEVLFKVWHWVDOVGHU8QZLVVHQGH ZRUDXIKLQ HU YRQ 6XQLN YHUVSRWWHW ZXUGH 'DUDXI ZDUI 7DLWLQJHU QXQ XPJHNHKUW 6XQLN HEHQIDOOV8QZLVVHQKHLWYRUXQGZXVVWHGRFKGDVVHUGDEHLXQZHLJHUOLFKGHQNU]HUHQ]LHKHQ ZUGHGHQQ6XQNLZXVVWHDOOHV2GHUGRFKIDVWDOOHV ª1HXIIXQLVWHLQHHUGlKQOLFKH6DXHUVWRIIZHOW©GR]LHUWHHUDXFKMHW]WPLWSOlUUHQGHU6WLPPH ªGHU IQIWH YRQ LQVJHVDPW GUHL]HKQ 3ODQHWHQ GHU 6RQQH 6KLQH HLQHV (IYLHU7\SV GHU YRQ GHU(UGHNQDSSGUHLXQG]ZDQ]LJWDXVHQG/LFKWMDKUHHQWIHUQWLVW 1HXIIXQLVWXQHUKHEOLFKJU|HUDOVGLH(UGHGDEHLWURFNHQHUXQGZlUPHU(VGUHKWVLFKLP /DXIHYRQDFKWXQG]ZDQ]LJ6WXQGHQHLQPDOXPGLHHLJHQH$FKVHXQGHLQ6RQQHQXPODXIRGHU SODQHWDULVFKHV -DKU GDXHUW ]ZRNRPPDVHFKV 6WDQGDUGMDKUH $XI 1HXIIXQ H[LVWLHUW HLQH WHUUDQLVFKH $EHQWHXUHUNRORQLH PLW JHJHQZlUWLJ GUHLKXQGHUWXQGHOIWDXVHQG 6LHGOHUQ $XI 1HXIIXQ© ª+|UDXIGX%OHFKGLQJ©VFKULH7DLWLQJHUSURWHVWLHUHQGXQGKLHOWVLFKGLH+lQGHJHJHQGLH 2KUHQ 6XQLNKLHOWLQVHLQHP9RUWUDJLQQHNRQQWHHVVLFKMHGRFKQLFKWYHUNQHLIHQ]XEHPHUNHQ ª6R LVW HU LPPHU (UVW PXVV HU IHVWVWHOOHQ GDVV PHLQ :LVVHQ GHP VHLQHQ KDXVKRFK EHUOHJHQLVWXQGGDQQZLUGHUDXVIDOOHQGXQGQHQQWPLFK%OHFKPHQVFKRGHU%OHFKGLQJ© (UVWMHW]WQDFKGHPVR]XVDJHQGDV9RUVSLHODEJHZLFNHOWZDUNDP

ª:DV LVW GDV"© IUDJWH 6XQLN PLVVWUDXLVFK XQG VWRFKHUWH QLFKW HEHQ YRUQHKP LQ VHLQHU 6FKVVHOKHUXP ª7LJHUKDVHQ6WHZ©DQWZRUWHWH1LERU7HUKDDQPLWXQEHUK|UEDUHP6WRO] 1LERU 7HUKDDQ ZDU GHU 9RUVLW]HQGH GHU *HQRVVHQVFKDIW %HOH]LQGH ZLH VLFK GLH 6WDGW RIIL]LHOOQDQQWH9RUZHQLJHQ6WXQGHQKDWWHHUGLH$EWHLOXQJ3VLDPNOHLQHQ5DXPKDIHQYRQ 1HXIIXQ HPSIDQJHQ DOV VLH QDFK PHKU DOV VHFK]LJVWQGLJHP )OXJ DQ %RUG HLQHV /HLFKWHQ .UHX]HUV GHU 6RODUHQ )ORWWH GRUW ODQGHWH =X GHQ ZHLWHUHQ )RUPDOLWlWHQ GHV (PSIDQJHV JHK|UWHHLQ (VVHQLQ GHU :RKQXQJGHV *HQRVVHQVFKDIWVYRUVLW]HQGHQ(V ZDUHQQRFKDQGHUH *lVWHJHODGHQZRUGHQDEHULQ]ZLVFKHQZDUGLH'XQNHOKHLWKHUHLQJHEURFKHQXQGLQIROJHGHU DODUPLHUHQGHQ (UHLJQLVVH GHU YHUJDQJHQHQ :RFKHQ WUDXWH VLFK LP )LQVWHUQ NDXP MHPDQG PHKUDXIGLH6WUDH1LERU7HUKDDQEHZLUWHWHGLH*lVWHGHU6WDGWDOVRDOOHLQH ª:DVLVWHLQ7LJHUKDVH"©ZROOWH*X\7DLWLQJHUZLVVHQXQGRUGQHWHGDPLWVHLQHQ$SSHWLW² GHQQYRQGHP6WHZJLQJHQZDKUKDIWYHUIKUHULVFKH'IWHDXV²GHU1HXJLHUGHXQWHU ª(LQ 7LJHUKDVH LVW HLQ 'LQJ GDV VLFK EHZHJW ZLH HLQ +DVH XQG VR JHIlKUOLFK LVW ZLH HLQ 7LJHU© DQWZRUWHWH 1LERU 7HUKDDQ PLW GHU %QGLJNHLW GHV 0DQQHV GHU XQJHUQ EHUIOVVLJH :RUWHPDFKW 6LH DHQ XQG WUDQNHQ GD]X YRQ HLQHP ELHUlKQOLFKHQ *HEUlX DXI GDV 7HUKDDQ IDVW HEHQVR VWRO]ZDUZLHDXIVHLQYRU]JOLFKJHOXQJHQHV7LJHUKDVHQ6WHZ (V ZXUGH DXV ]ZHL |UWOLFK ZDFKVHQGHQ 3IODQ]HQDUWHQ QDFK lKQOLFKHU 3UR]HGXU KHUJHVWHOOW ZLH %LHU XQG GLH EHLGHQ 3IODQ]HQ KLHHQ REZRKO VLH LQ ELRORJLVFKHU +LQVLFKW PLW LKUHQ LUGLVFKHQ1DPHQVYHWWHUQZHQLJJHPHLQVDPKDWWHQ+RSIHQXQG*HUVWH ª:LHYLHOH/HXWHKDOWHQ6LHLQ%HOH]LQGHJHIDQJHQ"©HUNXQGLJWHVLFK

GHUEHQ$UWKDWWHHUGLH'LVNXVVLRQDEJHEURFKHQXPLKUGLH0KHHLQHU(UNOlUXQJ]XVSDUHQ GLHHUZDKUVFKHLQOLFKRKQHKLQQLFKWYHUVWDQGHQKlWWH6FKRQVHLWGHU/DQGXQJZDUNODUGDVV GHU JXWH 1LERU 7HUKDDQ HLQ $XJH DXI 1RUPD 6LQJHU JHZRUIHQ KDWWH 0DQFKPDO ILHO HV LKP DXVJHVSURFKHQVFKZHUGHQ%OLFNYRQLKU]XZHQGHQ 'HU 5HVW GHV $EHQGV ZXUGH EHODQJORVHUHQ 7KHPHQ JHZLGPHW (LQHV DOOHUGLQJV NHKUWH LPPHU ZLHGHU GLH UlWVHOKDIWH :HOOH YRQ *HZDOWYHUEUHFKHQ GLH VHLW NXU]HP EHU 1HXIIXQ GDKLQ]RJ

XQYHUNHQQEDUHU6SDQQXQJVWDUUWHVLHKLQDXVLQGLH1DFKW ª:DVLVW"©IUDJWH

ª-D© ª*XW:LUZROOHQLKQDXIZHFNHQ7HUKDDQ6LHKDOWHQVLFKLP+LQWHUJUXQGDEHULPPHUPLW RIIHQHQ$XJHQGDPLW,KQHQQLFKWVHQWJHKW9HUVWDQGHQ"© ª1DNODU©DQWZRUWHWH7HUKDDQ 'HU (LQJDQJ ZDU YHUVFKORVVHQ 'HP WULFNUHLFKHQ 6XQLN ERW HU MHGRFK NHLQ HUQVW]XQHKPHQGHV +LQGHUQLV 'DV HOHNWURQLVFKH 6FKORVV NOLFNWH XQG GLH 7U JOLWW EHLVHLWH $OV%HNNHUDQ6XQLNYRUEHLEHUGLH6FKZHOOHWUDWIODPPWHGLH%HOHXFKWXQJDXI,PVHOEHQ $XJHQEOLFN ZDU LP +LQWHUJUXQG GHV +DXVHV HLQ SROWHUQGHV *HUlXVFK ]X K|UHQ ,UJHQGZR |IIQHWH VLFK TXLHWVFKHQG HLQH 7U XQG SO|W]OLFK VWDQG YRU %HNNHU LP +DXVIOXU HLQ KDOE EHNOHLGHWHU JUREVFKOlFKWLJHU 0DQQ GHU LKQ GURKHQG DQVWDUUWH ,P *UWHO GDV HQWJLQJ GHP 0DMRUQLFKWWUXJHUHLQHQ1DGHOVWUDKOHUGLHEHOLHEWHVWH:DIIHDXI1HXIIXQ ª:HUELVWGX"©HUNXQGLJWHVLFK
ª+LHU©

ª=HLJPLUGHLQHQ6FKRFNHU©

6XQLNUHLFKWHLKPGLH:DIIH
ª*HULQJH/HLVWXQJ©PXUPHOWHHUª+DVWGXPLWGLHVHU(LQVWHOOXQJJHVFKRVVHQ"©

ª6HOEVWYHUVWlQGOLFK,FKEUDXFKHQLHHLQHVWlUNHUH/HLVWXQJ©

1RUPDZDUDXIPHUNVDPJHZRUGHQXQGNDPKHUEHL

ª:DVJLEWHV"©ZROOWHVLHZLVVHQ

ª:LU KDEHQ HLQH QHXH WUDXULJH /HNWLRQ JHOHUQW© DQWZRUWHWH %HNNHU XQG GHXWHWH DXI 8XOH 5DWWHUQª:DVHVDXFKLPPHULVWGDVGLHbQGHUXQJLP%HZXVVWVHLQGLHVHU/HXWHKHUYRUUXIW (VNDQQQLFKWHLQPDOHLQHVFKZDFKH6FKRFNODGXQJYHUWUDJHQ© ª'XPHLQVWHULVW©VWLH1RUPDHQWVHW]WKHUYRU ª7RW©EHVWlWLJWH

ZDWVFKHOQGHP*DQJXQGHLQHUSOlUUHQGHQ6WLPPHEHUKDXSWKHUYRUEULQJHQN|QQH,Q6XQLNV ,QQHUHP EHIDQG VLFK HLQH 5HLKH YRQ 0HVVJHUlWHQ GLH DXI SHVLRQLVFKH 6LJQDOH DQVSUDFKHQ $XFKYHUIJWH6XQLNEHUHLQHQSULPLWLYHQ*HQHUDWRUIU3VL(QHUJLHPLWGHVVHQ+LOIHHUGLH HLQ]LJHQ .XQVWVWFNH IHUWLJEUDFKWH GHUHQ 0HFKDQLVPHQ GLH :LVVHQVFKDIW YRQ GHU 3VLRQLN ELVKHU KDWWH HQWUlWVHOQ N|QQHQ 7HOHSRUWDWLRQ XQG 7HOHNLQHVH EHLGH MHGRFK QXU EHU HLQH 'LVWDQ]YRQK|FKVWHQVHLQSDDU0HWHUQ 8QWHUGHQ0HQVFKHQGHU$EWHLOXQJ3VLJDEHVNHLQHQHLQ]LJHQ0XWDQWHQ:DVGLH0lQQHU XQG )UDXHQ GLH 3HWHU /LWWRQ XQWHUVWDQGHQ ]X LKUHU $UEHLW EHIlKLJWH ZDU OHGLJOLFK HLQH JUQGOLFKH XQG XPIDVVHQGH $XVELOGXQJ LQ 3VLRQLN 6LH ZDUHQ ([SHUWHQ LKUHV )DFKJHELHWV 6HOEVW GLHMHQLJHQ LQ GHU 6RO$E GLH YRQ 3HWHU /LWWRQV $EWHLOXQJ ]X $QIDQJ DOV YRQ GHU ª*HVSHQVWHUEULJDGH© XQG GHQ ª*HLVWHUW|WHUQ© JHVSURFKHQ KDWWHQ PXVVWHQ GLHV LQ]ZLVFKHQ DXIJUXQG GHU (UIROJH GLH GLH $EWHLOXQJ HU]LHOW KDWWH DQHUNHQQHQ

VHOEVWYHUIHUWLJWHQ-DULHO%RUUKDWWHHLQHKRKHEUHLWH6WLUQGLH,QWHOOLJHQ]YHUULHW$EHUVHLQH $XJHQ ODJHQ WLHI LQ LKUHQ +|KOHQ XQG LKU %OLFN PXWHWH

%HNNHU LKQ DOV HLQHQ DXIJHZHFNWHQ 0DQQ NHQQHQ GHU VHLQ )DFK YHUVWDQG XQG EHU HLQH VFKDUIH%HREDFKWXQJVJDEHYHUIJWH(UKLH

lKQOLFK© 1RUPDVDKQDFKGHQNOLFKYRUVLFKKLQ ª.OLQJWJDQ]YHUQQIWLJ©PHLQWHVLH ª-D YHUGDPPW YHUQQIWLJ 'DV 6FKOLPPH LVW LFK PHLQH LFK KlWWH GDVVHOEH VFKRQ HLQPDO JHK|UW ZHLW YRQ KLHU HQWIHUQW XQG VLFKHU QLFKW DXV GHP 0XQG HLQHV ,UUHQ GHU /HXWH HUVFKLHWZHLOVLHLKPDXIGLH6FKXOWHUNORSIHQ© ª6LHVLQGQLFKWLUU©HUNOlUWH6XQLNDQGLHVHU6WHOOHPLW1DFKGUXFN

]XIlOOLJZDVGHLQ9HUVWDQGGHLQH/RJLNGLUQLFKWDXVHLQDQGHUVHW]HQN|QQHQ:LHDEHUZHQQ HV VLFK QXQ ZLUNOLFK XP GHQ $QJULII HLQHU IUHPGHQ 0DFKW KDQGHOW GLH Y|OOLJ DQGHUV GHQNW XQG EHUOHJW DOV GX" *ODXEVW GX GX N|QQWHVW )UHPGORJLN XQG =XIDOO YRQHLQDQGHU XQWHUVFKHLGHQ"© 7DLWLQJHUVFKZLHJ(UZXVVWHQXU]XJXWGDVVGHU5RERWUHFKWKDWWH ª)U6XQLNV7KHVHVSULFKWHLQZHLWHUHU8PVWDQG©VDJWH

JHZDQQ DXIV QHXH HLQH )HOVHEHQH XQG HUUHLFKWH VFKOLHOLFK MHQHQ 6WHLODEIDOO YRU GHVVHQ VGOLFKHP)XPDQGLH6WDGW%HOH]LQGHOLHJHQVDK $OVZlUH*X\7DLWLQJHUEHLGLHVHP$QEOLFNSO|W]OLFKHLQH(UOHXFKWXQJJHNRPPHQIXKUHU LQVHLQHP6LW]DXIXQGULHI ª,FKKDE V© ª'DVZLUGDXFKVFKRQZDV5HFKWHVVHLQZDVGXKDVW©SOlUUWH6XQLN ª6HL UXKLJ GX %OHFKGLQJ© IXKU 7DLWLQJHU LKQ DQ ª(V KDW PLU GLH JDQ]H =HLW EHU NHLQH 5XKHJHODVVHQ,FKZXVVWHGDVVLFKHVVFKRQLUJHQGZRHLQPDOJHK|UWKDWWHXQGMHW]WELQLFK GDUDXIJHNRPPHQZR© (UVDKVLFKWULXPSKLHUHQGXP ª(VZUGHXQVHLQH0HQJHKHOIHQ©EHPHUNWH1RUPD6LQJHUWDGHOQGªZHQQGXXQV]XHUVW HLQPDOYHUULHWHVWZRYRQGXHLJHQWOLFKVSULFKVW© ª9RQGHP6SUXFKQDWUOLFKZRYRQVRQVW"© ª9RQZHOFKHP6SUXFK"© ª'XPHLQVWZDV-DULHO%RUUVDJWH"©HUNXQGLJWHVLFK

YLHOOHLFKWDFKW]HKQ-DKUH6WDQGDUG© ª8QGVFKOLHOLFK1HXPDQQ"© ª'HUNHKUWHYRQHLQHU([SHGLWLRQ]XGHQLQQHUHQ3ODQHWHQQLFKWPHKU]XUFN:DUHLQJXWHU 0DQQ %OLHE VHLQHQ ,GHDOHQ WUHX ELV ]XOHW]W 6RII DXFK QLFKW ZLH )U]KGHQNR (U ZROOWH GDVV GLH 0HQVFKHQKLHUDXI1HXIIXQIULPPHULQ8QDEKlQJLJNHLWXQGLQHLQHUXQYHUIlOVFKWHQ1DWXU OHEWHQ(UEUDFKWHXQVEHLGDVVZLUIUGDV)OHLVFKYRQYLHOHUOHL7LHUDUWHQHLQHQ*HVFKPDFN HQWZLFNHOQVROOWHQ6RQVWZlUHQGLH7LJHUKDVHQEDOGDXVJHVWRUEHQKLHOWHUXQVYRU© ª8QGGLHVH([SHGLWLRQ"©ZDUI%HNNHUHLQ ª$FK MD GLH© VHXI]WH GHU *HQRVVHQVFKDIWVYRUVLW]HQGH WUDXULJ XQG ZLVFKWH VLFK PLW GHU +DQG EHU GLH 6WLUQ ª'LH KlWWH HU EHVVHU VHLQ ODVVHQ (U ZROOWH GLH LQQHUHQ 3ODQHWHQ HUIRUVFKHQYRUDOOHQ'LQJHQGLHLQQHUVWHQ'DVVLQGMDUHLQH*OXWElOOHDXVIOVVLJHP*HVWHLQ :HLQLFKWZDUXP1HXPDQQVLFKVRGDIULQWHUHVVLHUWH(UQDKPHLQH*UXSSHYRQYLHU]HKQ 0DQQPLWGDVKHLWDFKW0lQQHUXQGVHFKV)UDXHQ6LHPVVHQDXIGHUDQGHUHQ6HLWHYRQ 6KLQH JHZHVHQ VHLQ DOV VLH YHUORUHQ JLQJHQ $XI MHGHQ )DOO HUKLHOWHQ ZLU NHLQ 1RWVLJQDO NHLQHQ:DUQUXI1LFKWV6LHNDPHQHLQIDFKQLFKWZLHGHU© ª1RFKHLQH)UDJH©VDJWH

EHU NRQQWH LFK PLFK QLFKW PHKU HULQQHUQ ZLH GHU 0DQQ KLH $EHU DOV 7HUKDDQ VHLQH *HVFKLFKWHHU]lKOWHNDPPLUGLH(ULQQHUXQJZLHGHU© ª8QGMHW]WVLW]W DOVR1HXPDQQDXI HLQHPGHU LQQHUHQ 3ODQHWHQXQG SURGX]LHUW SHVLRQLVFKH 4XDQWHQEQGHO GLH LP :HOWDOO KHUXPVFKZLUUHQ XQG DOOH VHLQHQ SHUV|QOLFKHQ 3UlJHVWHPSHO WUDJHQZLH"©NODJWH7DLWLQJHU ª'DVLVWGRFKKRIIHQWOLFKQLFKWGHLQ(UQVW©SODW]WH1RUPD6LQJHUKHUDXV 7DLWLQJHUZDUILKUHLQHQVFKUlJHQ%OLFN]X ª:UGHLFKLQGHLQHU*XQVWVWHLJHQZHQQLFKZLUNOLFKVRGXPPZlUH"© 1RUPDPDFKWHHLQDEZHLVHQGHV*HVLFKW ª,FK PDJ JURH VFKODQNH 0lQQHU QLFKW EHVRQGHUV ZHQQ VLH HLQH VR XQYHUVFKlPWH 1DVH KDEHQZLHGX© ª+PSK©PDFKWH*X\7DLWLQJHU ª)LQGHW PHLQ 9RUVFKODJ HLQH ]ZHLWH ([SHGLWLRQ YRP 6WDSHO ]X ODVVHQ DOOJHPHLQH %LOOLJXQJ"©HUNXQGLJWHVLFK6XQLNPLWHWZDVKRFKQlVLJHU6DFKOLFKNHLW ª'LH([SHGLWLRQILQGHWVWDWW©HQWVFKLHG%HNNHUªIDOOVGXLP%HUHLFKGHULQQHUHQ3ODQHWHQ HWZDV9HUGlFKWLJHVEHPHUNVW'LH9RUEHUHLWXQJHQZLUVWGXVHOEVWGXUFKIKUHQ© 6XQLN ZDJWH GHQ 9HUVXFK HLQHV PLOLWlULVFKHQ 6DOXWV 'DQQ YROOIKUWH HU HLQH HWZDV PLVVOXQJHQH .HKUWZHQGXQJ XQG PDUVFKLHUWH ZDWVFKHOQGHQ 6FKULWWHV GDYRQ 1RUPD 6LQJHU ILQJDQ]XODFKHQ 'HUHUVWH/LFKWVFKHLQNURFKEHUGLHEODXH3UlULH6XQLNUKUWHVLFKQLFKWDOVHUK|UWHZLH VLFKKLQWHULKPHLQH7U|IIQHWH(VZDU

6RQQHKHUYRU© ª0DFKW]ZHL7DJH'LIIHUHQ]©UHFKQHWH%HNNHU ª0DQPXVVGHQ4XDQWHQEQGHOQHLQZHQLJ=HLWJHEHQXP1HXIIXQ]XHUUHLFKHQ©JDEGHU 5RERW ]X EHGHQNHQ ª$OOHLQH GHU 8PVWDQG GDVV VLH DXV SHVLRQLVFKHU (QHUJLH EHVWHKHQ EHVDJW QLFKWV EHU LKUH )RUWEHZHJXQJVJHVFKZLQGLJNHLW 6LH VFKHLQHQ LP *HJHQWHLO ]LHPOLFK ODQJVDP]XVHLQ©

GHU+HLPDWZHOOHGHU7HUUDQHU 3O|W]OLFK ZDU 1RUPD DOOH /XVW DQ ZHLWHUHU NRVPHWLVFKHU %HWlWLJXQJ YHUJDQJHQ 6LH VFKDOWHWH/LFKW XQG.OLPDDQODJH GHU+\JLHQH]HOOHDXV |IIQHWH GLH7UXQGVFKOSIWHKLQDXV LQ GHQ NOHLQHQ 5DXP GHQ VLH DOOHLQH EHZRKQWH ,P VHOEHQ $XJHQEOLFN DEHU HUVWDUUWH VLH PLWWHQLQGHU%HZHJXQJXQGEOLFNWHHQW VHW]W DXI GLH JHJHQEHUOLHJHQGH 7U GLH LQ GHQ JHPHLQVDPHQ $XIHQWKDOWVUDXP IKUWH XQG MHW]WZHLWRIIHQVWDQG(LQ6FKUHLIXKULKUEHUGLH/LSSHQKDOE6FKUHFNXQGKDOE=RUQ8QWHU GHU7UVWDQGHLQ0DQQXQGVWDUUWHVLHDXVJLHULJHQ$XJHQDQ1LERU7HUKDDQ 1RUPD KDWWH LKU VHHOLVFKHV *OHLFKJHZLFKW UDVFK ZLHGHUJHIXQGHQ 6LH VFKlPWH VLFK LKUHU 1DFNWKHLWQLFKWDEHUVLHHUNDQQWHGLH*HIDKUGLHLQGHU*LHUGHV0DQQHVODXHUWH ª6FKHUHQ 6LH VLFK KLQDXV 7HUKDDQ© IXKU VLH LKQ DQ ª6LH KDEHQ KLHU QLFKWV YHUORUHQ %HNNHUXQG6XQLNVLQGDXIGHU6XFKHQDFK,KQHQ© ª'DV ZHL LFK© JULQVWH 7HUKDDQ ª,FK ZLFK LKQHQ DXV XQG NDP KLHUKHU 'DFKWH 6LH ZRP|JOLFKDOOHLQH]XILQGHQ© ª'DVKDEHQ6LH8QGMHW]WKDXHQ6LHDE©IDXFKWH1RUPDLKQDQ 1LERU 7HUKDDQ ZDU VHLQ /HEHQ ODQJ HLQ YHUQQIWLJHU 0DQQ JHZHVHQ GHU VLFK VHLQH 3ULRULWl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|JHQY|OOLJDXV ª/DVVHQ6LHPLFKEOHLEHQ©EHWWHOWHHUXQGWUDWHLQHQ6FKULWWQlKHUDXI1RUPD]X 1RUPDVDKVLFKXP6LHEHIDQGVLFKLQNHLQHUEHQHLGHQVZHUWHQ/DJH6LHEHVDHLQH:DIIH DEHU GLH ODJ LQ HLQHU /DGH GHV 6FKUlQNFKHQV QHEHQ GHU /LHJH XQG 7HUKDDQ VWDQG LKU ZHVHQWOLFK QlKHU DOVVLHVHOEVW %OLHE QXUQRFKGHU5FN]XJLQ GLH+\JLHQH]HOOH'HUHQ7U KDWWHVLFKLQ]ZLVFKHQVHOEVWWlWLJJHVFKORVVHQ+RIIHQWOLFKJLQJVLHVFKQHOOJHQXJDXI ª7HUKDDQLFKZDUQH6LH©XQWHUQDKPVLHHLQHQOHW]WHQ9HUVXFKGHQ0DQQ]XU9HUQXQIW]X EULQJHQª:HQQ%HNNHUHUIlKUWZDVKLHUJHVFKLHKWGDQQ© ª$K6LHKDEHQ VPLW%HNNHU©JULQVWH7HUKDDQXQGNDPQRFKHLQHQ6FKULWWQlKHUª:DVGHU NDQQ© ª=XUFN7HUKDDQ©VFKULH1RUPD 9RUVLFKWLJVWUHFNWHVLHGLH+DQGDXVXPGHQ|IIQHUVHUYRGHU7U]XHUUHLFKHQ$EHUGDQQ JHVFKDKHWZDV6HOWVDPHVGDVVLHPLWWHQLQGHU%HZHJXQJVWRFNHQOLH=XHUVWPHLQWHVLHLKU %OLFNIHOGVHLYRUEHUJHKHQGJHWUEWJHZHVHQDEHUGDQQHQWGHFNWHVLHGHQIHLQHQ1HEHOGHU VLFK LQ GHU 1lKH GHU JHJHQEHUOLHJHQGHQ 7U DXVJHEUHLWHW KDWWH ,Q SDQLVFKHP (QWVHW]HQ HULQQHUWH VLH VLFK GHU *HGDQNHQ GLH VLH YRU ZHQLJHQ 0LQXWHQ JHKDEW KDWWH 6LH ZDUHQ :LUNOLFKNHLWJHZRUGHQ(LQHVGHU4XDQWHQEQGHOZDULQGLH8QWHUNXQIWHLQJHGUXQJHQ ª7HUKDDQKLQWHU,KQHQ©ZUJWHVLHPLWOHW]WHU.UDIWKHUYRU $EHU7HUKDDQODFKWHQXUXQGVHW]HVHLQHQ9RUPDUVFKIRUW ª'DPLWNULHJHQ6LHPLFKQLFKW+LQWHUPLULVWQLFKWV'DVLVWHLQXUDOWHU7ULFN© 'HU 1HEHO EHJDQQ VLFK ]X EHZHJHQ (U IRUPWH VLFK ]X HLQHP DQQlKHUQG NXJHOI|UPLJHQ *HELOGHXQGJOLWWKLQWHU7HUKDDQKHU1RUPDVFKULHDXIXQGVFKORVVYRU(QWVHW]HQGLH$XJHQ 6LH K|UWH 7HUKDDQ HLQ VHOWVDPHV *HUlXVFK DXVVWRHQ KDOE %HOOHQ KDOE *UXQ]HQ 9RUVLFKWLJ EOLQ]HOWHVLH]ZLVFKHQIDVWJHVFKORVVHQHQ/LGHUQKHUYRU7HUKDDQVWDQGNHLQHGUHL6FKULWWHYRU LKU XQG VFKZDQNWH XQG VFKOXJ PLW GHQ $UPHQ XP VLFK DOV KlWWH HU GDV *OHLFKJHZLFKW YHUORUHQ'HU .DPSI PLW GHP 8QVLFKWEDUHQGDXHUWHMHGRFKQLFKWODQJHGDQQVWDQG7HUKDDQ

ZLHGHUVLFKHUDXIGHQ)HQ $EHUZDVZDUDXVVHLQHP*HVLFKWJHZRUGHQ"'LH$XJHQEOXWXQWHUODXIHQGURKWHQDXVGHQ +|KOHQ ]X TXHOOHQ 'HU 0XQG ZDU LQ XQVDJEDUHU $JRQLH YHU]HUUW 7HUKDDQV 3K\VLRJQRPLH ZDU ]X HLQHU )UDW]H DXV $QJVW XQG 6FKPHU] JHZRUGHQ 'HP JH|IIQHWHQ 0XQG HQWUDQJ VLFK HLQWLHIHV6W|KQHQ7HUKDDQZDQGWHVLFKDEXQGVFKULWWKLQDXVPLWVWHLIHPVFKZHUHP6FKULWW DOVZUGHQVHLQH%HLQHYRQHLQHU0DVFKLQHJHVWHXHUW1RUPDVDKVHLQHEUHLWVFKXOWULJH*HVWDOW GXUFK GLH 7U|IIQXQJ YHUVFKZLQGHQ 1RFK KLHOW GDV (QWVHW]HQ VLH GHUDUW JHSDFNW GDVV VLH NHLQH(UOHLFKWHUXQJ]XHPSILQGHQYHUPRFKWH$EHUGDQQK|UWHVLHGLHlXHUH7UJHKHQXQG HLQ7HLOGHUIUFKWHUOLFKHQ6SDQQXQJORFNHUWHVLFK 6LH ZDUI HLQHQ OHLFKWHQ 0DQWHO EHU XQG HLOWH ]XP )HQVWHU 1RFK EHYRU VLH DXI GLH 6WUDH KLQDXVEOLFNHQ NRQQWH K|UWH VLH HLQ KlVVOLFKHV QXU DOO]X YHUWUDXWHV *HUlXVFK HLQ KHOOHV IDXFKHQGHV =LVFKHQ 9RQ ZHLWHP JHOOWH HLQ 6FKUHL 1RUPD EOLFNWH GXUFK GLH JHW|QWHQ 6FKHLEHQKLQDXV $XIGHU6WUDHODJ7LERU7HUKDDQ$XVJOlVHUQ VWDUUHQ $XJHQ EOLFNWH HU ]XP +LPPHO KLQDXI ,Q GHU UHFKWHQ +DQG KLHOW HU GHQ 1DGHOVWUDKOHUPLWGHUHUVLFKVHOEVWGHQ7RGJHJHEHQKDWWH 6LH ZDUHQ HLQLJHV JHZRKQW GLH /HXWH YRQ GHU $EWHLOXQJ 3VL DEHU 1LERU 7HUKDDQV 7RG HUIOOWHVLHGRFKPLWWLHIHU%HVWU]XQJ1RUPD6LQJHUKDWWHGHQ9RUJDQJVRJHVFKLOGHUWZLH HUVLFK]XJHWUDJHQKDWWH(VJDENHLQHQ=ZHLIHO7HUKDDQZDULQGHP$XJHQEOLFNLQGHPHU VLFKDXI1RUPDVWU]HQZROOWHHLQHPGHUSHVLRQLVFKHQ4XDQWHQEQGHO]XP2SIHUJHIDOOHQ ª$EHU ZDUXP lXHUW VLFK GLH %HVHVVHQKHLW LQ GLHVHP )DOO VR JlQ]OLFK DQGHUV"© IUDJWH 1RUPDZRKO]XPYLHUWHQ0DOª,FKZXVVWHGDVVHUEHIDOOHQVHLQZUGH,FKVDKGDV'LQJMD NRPPHQ$EHULFKIUFKWHWHXPPHLQ/HEHQQLFKWXPVHLQHV© ª'DV PVVWH VLFK DQDO\VLHUHQ ODVVHQ© EHPHUNWH 6XQLN GHU DOV HLQ]LJHU YRQ GHU HPRWLRQHOOHQ=HUUWWXQJGHV$XJHQEOLFNVYHUVFKRQWEOLHEª,QDOOHQDQGHUHQ)lOOHQJODXEWHQ VLFK GLH %HIDOOHQHQ DQJHJULIIHQ 6LH ZHKUWHQ VLFK LQGHP VLH GHQ YHUPHLQWOLFKHQ $QJUHLIHU DXVVFKDOWHWHQ© ª7HUKDDQ GDJHJHQ© IXKU

+HUNXQIW]XQLFKWZDKU"1HKPHQZLUHLQPDODQHVJHEHXQWHUGHQ4XDQWHQEQGHOQHLQH$UW JHVHOOVFKDIWOLFKHU2UJDQLVDWLRQ:LHPVVWHGLHVH*HVHOOVFKDIWDXVVHKHQ"© ª2IIHQVLFKWOLFK IHKOHQ LKU HUVWHQV VHOEVW GLH SULPLWLYVWHQ 0RUDOEHJULIIH© DQWZRUWHWH 7DLWLQJHURKQH]X]|JHUQª8QG]ZHLWHQVVFKHLQHQLQGLHVHU*HVHOOVFKDIW)RUWSIODQ]XQJXQG 9HUPHKUXQJNHLQHJURH5ROOH]XVSLHOHQ© ª*DUNHLQH©EHWRQWH6XQLNGLHOHW]WHUH+\SRWKHVH ª$OVRHLQHVWDWLVFKH*HVHOOVFKDIW"'LHLPPHUDXV GHQVHOEHQ:HVHQEHVWHKW"©IUDJWH1RUPD6LQJHUHLQZHQLJYHUZLUUW ª6FKHLQWVR©EUXPPWH%HNNHU ª0DQ PXVV KLHU YRUVLFKWLJ VHLQ© HUKRE 6XQLN PDKQHQG VHLQH SOlUUHQGH 6WLPPH ª:LU YHUVXFKHQ KLHU DXV ]ZHL 7\SHQ YRQ (UHLJQLVVHQ DXI GHQ JHVDPWHQ +LQWHUJUXQG GHV *HVFKHKHQV ]X VFKOLHHQ 6R HWZDV NDQQ QDWUOLFK VHKU OHLFKW LQ GLH ,UUH IKUHQ $OOHUGLQJV KDEH LFK VHOEVW HEHQIDOOV HLQH +\SRWKHVH HQWZLFNHOW GLH LFK PLW LQ GLH 'LVNXVVLRQ ZHUIHQ P|FKWH© ª:LUI©ULHI%HNNHU ª'LH %HWRQXQJ GHV HLQHQ 8ULQVWLQNWHV XQG GLH DEVROXWH +LOIORVLJNHLW JHJHQEHU GHP DQGHUHQ© GR]LHUWH 6XQLN ªOLHH VLFK DP HKHVWHQ GDQQ HUNOlUHQ ZHQQ GLH 4XDQWHQEQGHO QLFKW XQDEKlQJLJH LQGLYLGXHOOH :HVHQ VRQGHUQ OHGLJOLFK YHUVFKLHGHQH $XVGUXFNVIRUPHQ HLQHV (LQ]HOZHVHQV ZlUHQ 9HUVWHKW LKU" (LQHV (LQ]HOJlQJHUV (LQHV *HVFK|SIHV GDV VHLQH $UWQXUGXUFKHLQHLQ]LJHV([HPSODUQlPOLFKGXUFKVLFKVHOEVWYHUWULWW© $P 0LWWDJ WUDW GLH *HQRVVHQVFKDIWVYHUVDPPOXQJ ]XVDPPHQ (LQH GVWHUH 6WLPPXQJ ODJ EHU GHU *UXSSH YRQ NQDSS GUHLLJ 0lQQHUQ XQG )UDXHQ 0DQ ZXVVWH QLFKW ZDV PDQ YRQ 1LERU 7HUKDDQV 7RG ]X KDOWHQ KDWWH $EHU PDQ VSUWH GLH *HIDKU GLH YRQ GLHVHP 9RUIDOO DXVVWUDKOWH +LQ]X NDP GDVV 7HUKDDQ HLQ DOOVHLWV EHOLHEWHU 0DQQ JHZHVHQ ZDU 8QWHU GHQ *HIKOHQ GLH GLH 0lQQHU XQG )UDXHQ GHU *HQRVVHQVFKDIWVIKUXQJ LQ GLHVHQ 6WXQGHQ EHKHUUVFKWHQQDKPGLHHFKWH7UDXHUXPGHQYHUORUHQHQ)UHXQGQLFKWXQEHWUlFKWOLFKHQ5DXP HLQ

GHU4XDQWHQEQGHOGXUFKGLH6FKLIIVZlQGH]XYHUKLQGHUQ 'DQQ EHUOLH HU VHLQHQ $QWUDJ GHU 'HEDWWH GXUFK GLH *HQRVVHQVFKDIWVYHUVDPPOXQJ (V ZXUGHQ VR JXW ZLH NHLQH )UDJHQ JHVWHOOW 'LH 9HUVDPPOXQJ EHVFKORVV HLQVWLPPLJ GDVV GLH YRQ%HNNHUJHZQVFKWH([SHGLWLRQVRUDVFKZLHP|JOLFK]XVDPPHQJHVWHOOWXQGDXIGLH5HLVH JHVFKLFNWZHUGHQVROOWH$OV)DKU]HXJZXUGHHLQHVGHUQRFKYHUEOHLEHQGHQ5DXPVFKLIIHGLH GLH 5HJLHUXQJ LQ 7HUUDQLD&LW\ GHQ 6LHGOHUQ JHVFKHQNW KDWWH ]XU 9HUIJXQJ JHVWHOOW 'LH ([SHGLWLRQ VROOWH DXV ]Z|OI 0LWJOLHGHUQ EHVWHKHQ GLH $XVZDKO KDWWH

%HGURKXQJHQQXQHFKWRGHUQXUHLQJHELOGHWVLQG:LUKDEHQ*UXQG ]XU $QQDKPH GDVV GDV IUHPGH %HZXVVWVHLQ HLQHP EHUHQWZLFNHOWHQ 6HOEVWHUKDOWXQJVWULHE XQWHUZRUIHQLVW,FKP|FKWHHUPLWWHOQZLHVLHUHDJLHUHQZHQQVLHVLFKEHGURKWIKOHQRKQH HLQH0|JOLFKNHLWGHU*HJHQZHKU]XKDEHQ©

$XFK GLHVHV *HUlW VWDPPWH DXV GHQ )RUVFKXQJVODERUDWRULHQ GHU $EWHLOXQJ 3VL XQG GLHQWH QLFKWZLHGHU1DPHHLJHQWOLFKDQ]XGHXWHQVFKLHQK\SQRWLVFKHQ=ZHFNHQVRQGHUQYLHOPHKU GHU (U]HXJXQJ YRQ ZLUNOLFKNHLWVQDKHQ +DOOX]LQDWLRQHQ GLH PLW +LOIH PRGXOLHUWHU 6FKZDFKVWU|PH LQ GDV *HKLUQ GHV ]X 8QWHUVXFKHQGHQ EHUWUDJHQ ZXUGHQ (V KDQGHOWH VLFK XP HLQ SULPLWLYHV ,QVWUXPHQW DEHU LQ GHU 9HUJDQJHQKHLW KDWWH HV VLFK EHL GHU $QDO\VH NRPSOL]LHUWHU%HZXVVWVHLQVYRUJlQJHGHV|IWHUHQDOVVHKUQW]OLFKHUZLHVHQ =XGHP,QMHNWRUJHK|UWHHLQH5HLKHDXI%DQGJHVSLHOWHU+DOOX]LQDWLRQVPXVWHU0DQNRQQWH GDV %DQG DOVR PLW HLQHP9LGHREDQG YHUJOHLFKHQDXI GHP %LOG XQG 7RQV]HQHQ JHVSHLFKHUW VLQG $XFK GHU ,QKDOW GHV +DOOX]LQDWLRQVEDQGHV YHUZDQGHOWH VLFK VFKOLHOLFK LQ %LOGHU XQG *HUlXVFKHMHGRFKQLFKWDXIHLQHP%LOGVFKLUPRGHULP,QQHUQHLQHV/DXWVSUHFKHUVVRQGHUQ XQPLWWHOEDU LP %HZXVVWVHLQ GHV 3DWLHQWHQ 6XQLN KDWWH HLQH 5HLKH YRQ 0XVWHUQ DXVJHVXFKW GLH-DULHO%RUUYHUDQODVVHQZUGHQ]XJODXEHHUEHILQGHVLFKLQK|FKVWHU*HIDKU ª)HUWLJ"©IUDJWH

7RUWXU LQ 0LWOHLGHQVFKDIW JH]RJHQHU .UHLVODXI VWDELOLVLHUW ZRUGHQ 6XQLN GHU YRQ VROFKHQ 'LQJHQ PHKU YHUVWDQG DOV GLH lQGHUQ UHFKQHWH QLFKW GDPLW GDVV HU YRU $EODXI YRQ GUHL 6WXQGHQ]XVLFKNRPPHQZHUGH 9RQ GHU ([SHGLWLRQ ODJHQ QRFK NHLQH QHXHQ 0HOGXQJHQ YRU 0LW GHP (LQWULWW GHV 5DXPVFKLIIV LQ GHQ NULWLVFKHQ 6HNWRU QDKH GHU LQQHUVWHQ 3ODQHWHQEDKQ ZDU LP /DXIH GHU QlFKVWHQ]ZHL6WXQGHQ]XUHFKQHQ$Q%RUGIXQNWLRQLHUWHQDOOH,QVWUXPHQWHHLQZDQGIUHLXQG EHU HLQHQ GHU %UHLWEDQG5DGLRNDQlOH ZXUGHQ ODXIHQG GLH 'DWHQ EHUWUDJHQ GLH GLH YRQ 6XQLN XQG 7DLWLQJHU LQVWDOOLHUWHQ 3VL 0RQLWRUHQ HU]HXJWHQ 6LH ZXUGHQ LQ GHU %RGHQVWDWLRQ DOVRYRP5HFKQHULP.RQWUROOWXUPGHV5DXPKDIHQVDXI3ODWWHJHVSHLFKHUW 1RUPD6LQJHUVDJWH ª.XU] EHYRU GLH 6DFKH PLW 1LERU 7HUKDDQ SDVVLHUWH KDEH LFK EHU HWZDV 8QHUIUHXOLFKHV QDFKJHGDFKW ,FK IUDJWH PLFK ZDV SDVVLHUHQ ZUGH ZHQQ GLH 4XDSD[ DXFK EHU XQV KHUILHOHQ"+DEHQZLUXQV VFKRQ*HGDQNHQGDUEHUJHPDFKW ZHOFKH 0DQDKPHQIUGLHVHQ 1RWIDOOHUJULIIHQZHUGHQPVVHQ"© ª$Q 6XQLN PHLQH LFK© ODFKWH 7DLWLQJHU ªZUGHQ VLH VLFK ZDKUVFKHLQOLFK GLH =lKQH DXVEHLHQ© $XHULKPZDUQLHPDQG]XP6FKHU]HQDXIJHOHJW6HLQH%HPHUNXQJZXUGHQLFKWEHDFKWHW ª,FKKDEHGDUEHUQDFKJHGDFKW1RUPD©DQWZRUWHWH%HNNHUª(VJLEWHLJHQWOLFKQLFKWYLHO GDVZLUWXQN|QQHQ6REDOGHLQHUYRQXQVEHIDOOHQZLUGPXVVHUHLQJHVSHUUWZHUGHQZLHGLH lQGHUQDXFK© ª6REDOGEHPHUNWZLUGGDVVHLQHUYRQXQVEHIDOOHQLVW©YHUEHVVHUWH6XQLN ª5LFKWLJGDJLEWHVHLQHQ8QWHUVFKLHG©SIOLFKWHWH%HNNHUEHLª:LHLQYLHOHQ)lOOHQVFKHLQW PLUDXFKKLHUGLH9RUVRUJHZLFKWLJHUDOVGLH%HKDQGOXQJ9RQXQVLVW6XQLNGHUHLQ]LJHGHU GLH4XDSD[DXVHLQLJHU(QWIHUQXQJVLFKHUDXVPDFKHQNDQQ:LUZHUGHQHVXQVGHQNHLFK]XU 5HJHOPDFKHQPVVHQGDVVZLUYRQQXQDQLPPHU]XVDPPHQEOHLEHQXQGGDVV6XQLNVWlQGLJ VHLQH$XJHQRIIHQKlOW© $EHU1RUPDOLHQLFKWORFNHU

ª1XQ JHVHW]W GHQ )DOO 6XQLN VLHKW HLQH 6FKDU YRQ 4XDSD[ DXI XQV ]XNRPPHQ :DV

SDVVLHUWGDQQ"© ª:LUYHUVXFKHQLKQHQDXV]XZHLFKHQ©VFKOXJ%HNNHUYRU ª8QGVRQVWQLFKWV"© ª6RODQJHZLUQLFKWZLVVHQZRPLWZLUXQVLKUHUHUZHKUHQN|QQHQQHLQ© ª8QGZHQQVLHXQVHU$XVZHLFKPDQ|YHUEHPHUNHQXQGXQVIROJHQ"© ª,FKJODXEHQLFKWGDVVVLHGLHVH)lKLJNHLWEHVLW]HQ©PHLQWH%HNNHUª1DFKDOOHPZDVLFK ELVODQJJHK|UWXQGJHVHKHQKDEHWUHLEHQVLH]LHPOLFK]LHOORVGXUFKGLH*HJHQGXQGZHQQVLH ZLUNOLFKHLQPDODXIHLQHQ0HQVFKHQVWRHQLQGHPVLHVLFKHLQQLVWHQN|QQHQGDQQJHVFKLHKW HVPHKURGHUZHQLJHUDXV=XIDOO© ª,FKGDFKWHGLH=XIDOOVK\SRWKHVHVHLOlQJVW]XGHQ$NWHQJHOHJWZRUGHQ"©HUNXQGLJWHVLFK 1RUPDEHUUDVFKW ª0DQ PXVV GD VFKDUI XQWHUVFKHLGHQ© SOlUUWH 6XQLN ª'LH 4XDSD[ KDOWHQ JH]LHOW DXI 1HXIIXQ ]X 'D LVW NHLQ =XIDOO LP 6SLHO GDV LVW SXUH $EVLFKW $EHU VREDOG VLH HLQPDO DXI 1HXIIXQJHODQGHWVLQGEOHLEHQVLHVLFKVHOEVWEHUODVVHQ8QGDXVHLJHQHU.UDIWGDPXVVLFK GLU UHFKW JHEHQ +HUU 0DMRU VFKHLQHQ VLH QLFKW EHVRQGHUV YLHO =LHOVWUHELJNHLW ]X HQWZLFNHOQ© ª$OVR ZLH EHL HLQHP 7RUQDGR© PHLQWH 1RUPD ª6REDOG PDQ LKQ VLHKW XQG VHLQHQ .XUV HUNDQQW KDW EOHLEW PDQ HQWZHGHU DQ 2UW XQG 6WHOOH RGHU YHUVXFKW LKP DXV]XZHLFKHQ MH QDFKGHP,VWGDVULFKWLJ"© ª)UVHUVWHDXIMHGHQ)DOO©DQWZRUWHWH%HNNHU (UKDWWHQRFKPHKUVDJHQZROOHQDEHUGHU5DGLRNRPPHOGHWHVLFK%HNNHUVSUDQJDXIXQG VFKDOWHWHGDV*HUlWHLQ

ª(V JLEW 6FKZLHULJNHLWHQ© VDJWH HU ª$Q %RUG GHV ([SHGLWLRQVVFKLII LVW HLQ 4XDSD[ HQWGHFNWZRUGHQ© ª,FK KDEH NHLQH $KQXQJ ZLH GDV JHVFKHKHQ NRQQWH© HUNOlUWH

ª0RPHQWPDO©UHDJLHUWH+RQGDM$OHFPLW(LIHUªZLUGJOHLFKJHPDFKW© 6HNXQGHQVSlWHUZHFKVHOWHGDV%LOG'LH.DPHUD]HLJWHLQ5LFKWXQJGHU6RQQH6KLQHHLQ ULHVLJHU*OXWEDOODXVGLHVHU(QWIHUQXQJZDUGXUFK'lPSIXQJ]XPJU|WHQ7HLODXVJHEOHQGHW VR GDVV GLH $XIQDKPHJHUlWH QLFKW EHUODVWHW ZXUGHQ 'XUFK GDV 9DNXXP GHV :HOWDOOV JHVHKHQ HUVFKLHQ GLH PlFKWLJH 6RQQH HKHU EOlXOLFKZHL 'HQ JUQHQ 6FKLPPHU GHQ PDQ DXI1HXIIXQ]XVHKHQJODXEWHHU]HXJWHGLHGLFKWH$WPRVSKlUHGHV3ODQHWHQ 6XQLN VWDQG SO|W]OLFK DXI XQG YHUVFKZDQG GXUFK GLH 7U GLH LQV 5HFKHQ]HQWUXP IKUWH

)HUQVWHXHUYRUULFKWXQJ VRQVW N|QQWHQ ZLU GLH 67$55< 6.,(6 YRQ KLHU DXV ZLHGHU KHUXQWHUEULQJHQ© (UVDKVLFKXP ª:RLVWGLH2UWHUDXI]HLFKQXQJ"©IUDJWHHU 9DOPDUZLHVDXIHLQHQNOHLQHUHQ%LOGVFKLUPGHUMHGRFKQLFKWHLQJHVFKDOWHWZDU ª'DV*HUlWGRUWLVWGDIUYRUJHVHKHQ© %HNNHU VHW]WH VLFK VR GDVV HU YRQ VHLQHP 3ODW] DXV EHLGH %LOGVFKLUPH LP $XJH EHKDOWHQ NRQQWH(UVFKDOWHWHGHQ2UWHUHPSIlQJHUHLQ(U]HLJWHHLQYHUJU|HUWHV%LOGGHVVHQZDVGLH JURH 2UWHUDQWHQQH GUREHQ DXI GHU +RFKHEHQH HPSILQJ 'LH 65$55< 6.,(6 HUVFKLHQ DOV HLQNUlIWLJOHXFKWHQGHU)OHFNDPOLQNHQXQWHUHQ5DQGGHU%LOGIOlFKH5HFKWVHEHQIDOOVXQWHQ YHUN|USHUWHHLQOLFKWVFKZlFKHUHUMHGRFKJU|HUHU5HIOH[GHQVRQQHQQlFKVWHQ3ODQHWHQ1D KH]X LQ GHU 0LWWH GHV %LOGVFKLUPV ZDU GLH3RVLWLRQ GHU 6RQQH 6KLQH PDUNLHUW 'DV6LJQDO VHOEVW GDV 6KLQH DXVVWUDKOWH ZXUGH YRQ GHU $QWHQQH DXWRPDWLVFK DXVJHEOHQGHW (U KlWWH ZHJHQ VHLQHU JURHQ ,QWHQVLWlW GHQ JHVDPWHQ %LOGVFKLUP HUKHOOW 'LH 0DUNLHUXQJ GLH VWDWW GHVVHQ DXI GHU %LOGIOlFKH ]X VHKHQ ZDU EHVWDQG DXV HLQHP LQWHQVLY URWHQ /HXFKWSXQNW 'HU 5HIOH[GHU67$55<6.,(6EHZHJWHVLFKPLWJHULQJHU*HVFKZLQGLJNHLWDXIGHQURWHQ3XQNW ]X 'DV 5DXPVFKLII KDWWH GLH %DKQ GHV LQQHUVWHQ 3ODQHWHQ LQ]ZLVFKHQ EHUVFKULWWHQ 'HU 3ODQHWVHOEVWVWDQGHWZDHLQH/LFKWPLQXWHUHFKWVVHLWOLFKGHV.XUVHV 3O|W]OLFK PHOGHWH VLFK GHU JURH %LOGVFKLUP ZLHGHU ]X :RUW +RQGDM $OHF ZDU ]XUFNJHNHKUW (U VFKZLW]WH QRFK PHKU DOV ]XYRU DEHU HU PDFKWH HLQHQ ]XYHUVLFKWOLFKHQ (LQGUXFN

%HNNHUVFKWWHOWHGHQ.RSI ª'XUIWHHVQLFKWVHLQ:HQQLFKGHQ/HXWHQDXIGHU67$55<6.,(6MHW]WGHQ0XWQHKPH GDQQJLEWHVIULKU/HEHQNHLQHUOHL+RIIQXQJPHKU'HU0DQQ GHQ VLH LP /DJHUUDXP XP]LQJHOW KDEHQ EHVLW]W VHLQH IUKHUHQ .HQQWQLVVH QRFK LQ YROOHP 8PIDQJXQGGHU4XDSD[NDQQGDUDXI]XUFNJUHLIHQ:HQQ$OHFGDYRQZVVWHGDQQZlUHHU YRU6FKUHFNJHOlKPWXQGVHLQH0lQQHUDXFK:DVDOVRKlWWHLFKVRQVWVDJHQVROOHQ"© 9DOPDUQLFNWH ª,FKYHUVWHKH©PXUPHOWHHU $EHUPDOV YHUVWULFKHQ PHKUHUH 0LQXWHQ XQG LP .RQWUROOUDXP DXI 1HXIIXQ ZXFKV GLH 6SDQQXQJ LQV 8QHUWUlJOLFKH 'HU .RPPDQGRUDXP GHU 67$55< 6.,(6 ZLUNWH ZLH OHHUJHIHJW 'LH JHVDPWH YHUEOHLEHQGH %HVDW]XQJ ZDU DXI GHU -DJG QDFK GHP %HIDOOHQHQ ,Q]ZLVFKHQ EHZHJWH VLFK GDV 5DXPVFKLII YRP $XWRSLORWHQ JHVWHXHUW PLW HLQHU *HVFKZLQGLJNHLWYRQNPVHFZHLWHUKLQDXI6KLQH]X $XVGHP%LOGHPSIlQJHUJHOOWHSO|W]OLFKHLQ6FKUHL'LH6]HQHKDWWHJHZHFKVHOW$OHFKDWWH VHOEVWLQVHLQHU%HGUlQJQLVQRFKJHQXJ*HLVWHVJHJHQZDUWJHKDEWGLH+\SHUIXQNEHUWUDJXQJ DQ GHQ ERUGHLJHQHQ ,QWHUNRP DQ]XVFKOLHHQ =X VHKHQ ZDU LQ GLHVHP $XJHQEOLFN GLH OHHUH )OlFKH HLQHV /DJHUUDXPV +RQGDM $OHF VHOEVW KDWWH GHQ 6FKUHL DXVJHVWRHQ (U VWDQG LP 9RUGHUJUXQG GHV %LOGHV XQG ZLHV PLW DXVJHVWUHFNWHP $UP ]XU 'HFNH KLQDXI GLH DXI GHU %LOGIOlFKHQXU]XP7HLOVLFKWEDUZDU ª:LUKDEHQGHQ/DJHUUDXPJHVWUPW©VWLHHUKHUYRUª$EHUGHU0DQQLVWQLFKWPHKUKLHU 6WDWWGHVVHQILQGHQZLUGDV/RFKLQGHU'HFNHGRUWREHQ© 'LH6WHOOHDXIGLHHUGHXWHWHZDUDP5DQGHGHV%LOGVFKLUPVHEHQQRFKVLFKWEDU(VJDEGD HLQHJH]DFNWH/LQLHGLHVRDXVVDKDOVVHLVLHYRQ5XJHVFKZlU]W ª*LEWHVGDHLQ/RFKLQGHU'HFNH"©HUNXQGLJWHVLFK%HNNHUXPVLFK]XYHUJHZLVVHUQ ª8QG ZDV IU HLQHV© VFKULH +RQGDM $OHF ª,FK QHKPH DQ HU LVW GRUW KLQGXUFK LQV =ZLVFKHQGHFNJHVWLHJHQ©

HLQHP 4XDSD[ %HVHVVHQH LQV =ZLVFKHQGHFN JHNOHWWHUW ZDU XP GLH (QHUJLHOHLWXQJ ]X GHQ 6FKXW]VFKLUPHQ ]X GXUFKWUHQQHQ :DKUVFKHLQOLFK KDWWH LKP GLHVHV 8QWHUQHKPHQ GHQ 7RG JHEUDFKW GHQQ /HLWXQJHQ GLH 0LOOLDUGHQ YRQ :DWW IKUHQ EHVFKlGLJW PDQ QLFKW XQJHVFKRUHQ$EHUZDVWDW V"9HUORUHQZDUHQRKQHKLQDOOHGLHVLFKDQ%RUGGHVYHUGDPPWHQ 5DXPVFKLIIVEHIDQGHQXQGGHU0DQQGHUGLH/HLWXQJ]XGHQ6FKXW]VFKLUPHQGXUFKEURFKHQ KDWWH ZDU EHZXVVW RGHU XQEHZXVVW QXU GHP %HIHKO JHIROJW GHQ GHU +HUUVFKHU DOOHU 4XDSD[HUODVVHQKDWWH :HQLJH0LOOLPHWHUYRUGHPURWHQ/HXFKWSXQNWGHUDXIGHP2UWHUVFKLUPGHQ6WDQGRUWGHU 6RQQH6KLQHPDUNLHUWHYHUVFKZDQGGHU5HIOH[GHU67$55<6.,(6(VJDENHLQHQ=ZHLIHO PHKUGDUDQGDVVGLH([SHGLWLRQPLW0DQQXQG0DXVLQGLHIODPPHQGH*OXWK|OOHGHU6RQQH JHVWU]WZDU 'LH /HXWH LP .RQWUROOUDXP DXI 1HXIIXQ VDKHQ HLQDQGHU ZRUWORV DQ *UDXHQ XQG 6FKPHU] ]HLFKQHWHQ LKUH *HVLFKWHU 3O|W]OLFK VWDQG

DQGHUHhEHUOHJXQJHQ"©

EULJHQVHLQHQJXWHQ)XQGJHPDFKW KRFKZHUWLJHV6LOEHUHU] 0HLQ 3URYLDQWJLQJ]XU 1HLJH $EHU LFK ZDU VFKRQ EHLQDKH GDKHLP 1DFK GHP $XIVWLHJ ]XU +RFKHEHQH EOLHE LFK QRFK HLQPDOVWHKHQXQGVDKPLFKXP,FKOLHEHGDV)OXVVWDODXIGHUDQGHUHQ6HLWHGHU+RFKHEHQH 8QGGDQQMDXQGGDQQ© ª6DKHQ6LHHWZDV")LHO,KQHQHWZDVDXI"©GUlQJWH%HNNHU %RUUIXKUVLFKPLWGHU+DQG]XU6WLUQ ª-DQDWUOLFK©VWLHHUKHUYRUª'HU1HEHO© ª:HOFKHU1HEHO"©IUDJWH%HNNHUª6WLHJ1HEHOYRP)OXVVDXI"© ª1HLQ GD]X LVW HV GRUW YLHO ]X KHL 1HLQ GHU 1HEHO NDP MD LFK ZHL HLJHQWOLFK JDU QLFKWZRKHUHUNDP(UZDUSO|W]OLFKGD,FKZDUQLFKWVLFKHURELFKLKQZLUNOLFKVDKRGHURE VLFKQXUPHLQ%OLFNSO|W]OLFKJHWUEWKlWWH(UNDPDXIPLFK]X© (UEOLFNWHDXIXQGVWDUUWH%HNNHUDQ ª1XQ"©IUDJWH%HNNHU ª9RQ GD DQ LVW 6FKOXVV© VWHOOWH -DULHO %RUU UDWORV IHVW ª,FK ZHL QLFKWV PHKU ,FK PXVV EHZXVVWORVJHZRUGHQVHLQ$EHU6LH6LHPVVHQHVGRFKZLVVHQ 6LHKDEHQPLFKJHIXQGHQQHKPHLFKDQ6DJHQ6LHPLUGRFKZDVJHVFKHKHQLVW© 6HLQH 6WLPPH KDWWH HLQHQ IOHKHQGHQ 7RQIDOO DQJHQRPPHQ (U NDXHUWH DXI GHU /LHJH XQG VWUHFNWH

-DULHO%RUUVDQNWLHILQVHLQHQ6HVVHO]XUFN ª,FK JODXEH ,KQHQ© VDJWH HU PLW PDWWHU NDXP K|UEDUHU 6WLPPH ª,FK VDJWH YRUKLQ LFK HULQQHUWH PLFK DQ QLFKWV PHKU VHLW MHQHP $XJHQEOLFN LQ GHP LFK GHQ 1HEHO DXI PLFK ]XNULHFKHQVDK'DVLVWDXFKZDKU$EHU]ZLVFKHQGDQQXQGMHW]WJLEWHVHLQSDDU7UlXPH KlVVOLFKH YHUZRUUHQH 7UlXPH ,FK IKOH QRFK LPPHU GHQ $OSGUXFN W|GOLFKHU *HIDKUHQ ,PPHULQGHQ7UlXPHQZDULFKYRQ*HIDKUXPJHEHQ6LHODXHUWHEHUDOOLFKPXVVWHVWlQGLJ DXIGHU+XW VHLQXQGJDQ]]XP6FKOXVVMDJDQ]]XP6FKOXVVPHLQHLFKJHW|WHWZRUGHQ]XVHLQ© ª,FK VSUDFK VFKRQ GDUEHU© HULQQHUWH LKQ %HNNHU ªGDVV GLH 4XDSD[ HLQHQ EHUWULHEHQHQ 6HOEVWHUKDOWXQJVLQVWLQNWEHVLW]HQ6LHVHKHQEHUDOO*HIDKUHQ'DVVLQGGLH$OSGUFNHDQGLH 6LH VLFK HULQQHUQ 8QG ZDV ,KUHQ OHW]WHQ (LQGUXFN DQEHODQJW 6LH ZXUGHQ YRQ XQV KDOOX]LQDNWLY EHKDQGHOW 0DQ JDXNHOWH ,KQHQ RGHU YLHOPHKU GHP 4XDSD[ GHU 6LH EHKHUUVFKWHXQJHKHXUH*HIDKUHQYRU6LHZDUHQJHIHVVHOWNRQQWHQVLFKDOVRQLFKWZHKUHQ)U GHQ4XDSD[ZXUGHGDV]XYLHO(U© 6XQLNWUDWZLHGHUHLQ'LHVPDOEHZHJWHHUVLFKZHQLJHUJHUlXVFKORVDOV]XYRU'LHDQGHUHQ VDKHQEHUUDVFKWDXIGHQQDXHU%HNNHUKDWWHQLHPDQGEHPHUNWGDVVGHU5RERWVLFKDXVGHU 5XQGHHQWIHUQWKDWWH,QGHU0LWWHGHV5DXPHVEOLHE6XQLNVWHKHQ(UKDWWHHWZDV:LFKWLJHV ]XVDJHQ²PDQVDKHVLKPDQ ª,FKKDEHPLFK]XUFNJH]RJHQ©HUNOlUWHHUªZHLOYHUVFKLHGHQHXQWHUPHLQHQ6HQVRUHQQXU GDQQ IXQNWLRQLHUHQ ZHQQ ULQJVXP DEVROXWH 5XKH KHUUVFKW %HVRQGHUV GLHMHQLJHQ 6HQVRUHQ GLHSHVLRQLVFKH9RUJlQJHEHUZHLWH(QWIHUQXQJHQKLQZHJHUVSlKHQVROOHQ© ª'DV ZDU HLQH ZUGHYROOH (LQOHLWXQJ 6XQLN© HUNOlUWH

ª6LHN|QQWHQZLHGHU]XVWU|PHQDQIDQJHQ©JDE

ª-DYHUIOL[WZDKUVFKHLQOLFKKDVWGXUHFKW© 6LHJLQJHQZHLWHU ª:LUVROOWHQXQVXP0HUZLQDQLFKWNPPHUQ© PHLQWH6XQLN QDFK HLQHU:HLOHªVRQGHUQ XQV XQVHUHQ HLJHQHQ 3UREOHPHQ ZLGPHQ ,FK KDWWH LQ GHU YHUJDQJHQHQ 1DFKW ]LHPOLFK YLHO =HLW ]XP 1DFKGHQNHQ ,FK KDEH PLFK PLW HLQHU WHQWDWLYHQ $QDO\VH GHU lXHUHQ (UVFKHLQXQJVIRUPGHU4XDSD[EHVFKlIWLJW© %HNNHU VFKZLHJ ZHLO HU ZXVVWH GDVV GHU 5RERW QDFK HLQLJHU =HLW YRQ VHOEVW PLW VHLQHP %HULFKWIRUWIDKUHQZUGH8QGWDWVlFKOLFKEHJDQQ6XQLNQDFKZHQLJHQ6HNXQGHQYRQQHXHP ª,FK KDEH ]X HUPLWWHOQ YHUVXFKW ZDUXP ZLU VLH EHUKDXSW VHKHQ N|QQHQ ZHQQ DXFK QXU XQGHXWOLFK 6FKOLHOLFK VLQG VLH SHVLRQLVFKH DOVR IQIGLPHQVLRQDOH (QHUJLHEQGHO XQG IQIGLPHQVLRQDOH (QHUJLH LVW LP DOOJHPHLQHQ IU GDV PHQVFKOLFKH 6HKYHUP|JHQ QLFKW HUIDVVEDU$XFKIUPHLQHVQLFKWGHQQPHLQRSWLVFKHV6\VWHPLVWLPJURHQXQGJDQ]HQGHQ $XJHQGHV0HQVFKHQQDFKJHELOGHW©

GLHVLHGD]XEUDXFKWHQEHIDQGHQVLFKQLFKWLQLKUHP*HSlFN6LHKDWWHQVLHYRQGHU3817$ $5(1$6KHU EHLEULQJHQPVVHQ,QVJHVDPWVHFKV.DPHUDVYRQGHQHQYLHUPLWLKUHQ6FKZHVWHUQGLHDXI RSWLVFKHP*HELHWDUEHLWHWHQQLFKWGLHJHULQJVWHbKQOLFKNHLWPHKUKDWWHQEOLFNWHQDP$EHQG GLHVHV 7DJHV LQ GLH 3UlULH KLQDXV ELV KLQEHU ]X GHU )HOVHQZDQG DQ GHU GLH +RFKHEHQH HQGHWH(VZDUJHSODQWGLH*HUlWHGLHJDQ]H1DFKWEHUODXIHQ]XODVVHQXQG]XKRIIHQGDVV LUJHQGZDQQZlKUHQGGLHVHU=HLWHLQ4XDSD[DXIWDXFKHGHQPDQDOV9HUVXFKVREMHNWEHQW]HQ NRQQWH 6XQLNV 8QWHUVXFKXQJ DQ %RUG GHU 3817$ $5(1$6 ZDU ]XIULHGHQVWHOOHQG YHUODXIHQ (U KDWWHQLFKWQXUIHVWJHVWHOOWGDVVVLFKNHLQQLFKWN|USHUJHEXQGHQHU4XDSD[DQ%RUGEHIDQG(U KDWWH EHUGLHV GLH JHVDPWH %HVDW]XQJ HLQHU YHUPHLQWOLFKHQ *HIDKU DXVJHVHW]W LQGHP HU LP 7ULHEZHUNVVHNWRU GLH ([SORVLRQ HLQHV 0HLOHUV YRUWlXVFKWH'LH /HXWH KDWWHQ QRUPDO DXI GDV (UHLJQLV UHDJLHUW 8QWHU LKQHQ EHIDQG VLFK GHPQDFK NHLQHU GHVVHQ 9HUKDOWHQ YRQ GHP EHUVWHLJHUWHQ6HOEVWHUKDOWXQJVWULHEHLQHV4XDSD[EHVWLPPWZXUGH 6XQLN GHU NHLQ 6FKODIEHGUIQLV NDQQWH XQG VLFK QXU GDQQ ZHQQ HU YRQ $XHQVWHKHQGHQ EHREDFKWHW ZHUGHQ NRQQWH ]XU 5XKH EHJDE XQG GHQ 6FKODIHQGHQ PLPWH ZDFKWH DXFK GLHVH 1DFKWKLQGXUFK(UEHVWlWLJWHGDEHLVHLQH%HREDFKWXQJDXVGHUYRULJHQ1DFKWGDVVQlPOLFK GHU6WURP GHU4XDSD[Y|OOLJYHUVLHJWZDU'LH6RQQH 6KLQHYHUKLHOWVLFKUXKLJ2EVLH ZLH 0HUZLQD PHLQWH IU LPPHU ]XU 5XKH JHNRPPHQ ZDU RGHU RE GLHV QXU GLH 6WLOOH YRU GHP 6WXUPEHGHXWHWHGDVDOOHUGLQJVEOLHEQRFKDE]XZDUWHQ :lKUHQG VHLQHU QlFKWOLFKHQ %HREDFKWXQJHQ HPSILQJ 6XQLN DXFK HLQH 5HLKH YRQ SHVLRQLVFKHQ6LJQDOHQGLHDXVQXUJHULQJHU(QWIHUQXQJNDPHQ$OVHU GDVGHQDQGHUHQDPQlFKVWHQ0RUJHQPLWWHLOWHHU]HXJWHHUGDPLWEHWUlFKWOLFKH(UUHJXQJ ª'DV KHLW HV PVVWHQ HLQ SDDU 4XDSD[ DQ GHQ 2EMHNWLYHQ XQVHUHU .DPHUDV YRUEHLJHNRPPHQVHLQ©ULHI9RUQ%HNNHU 'LH EHOLFKWHWHQ )LOPH ZXUGHQ GHQ *HUlWHQ HQWQRPPHQ 0DQ EUDFKWH VLH DQ %RUG GHU 3817$$5(1$6ZR]XLKUHU$XVZHUWXQJEHVVHUHV*HUlW]XU9HUIJXQJVWDQGDOV%HNNHU XQGVHLQH/HXWHHVLQLKUHP*HSlFNPLWIKUWHQ'LHJDQ]H*UXSSHEHJOHLWHWH%HNNHUDQ%RUG GHV 5DXPVFKLIIV DXFK -DULHO %RUU 'HU /HLFKWH .UHX]HU KDWWH VLFK PLWWOHUZHLOH LQ HLQ JOLW]HUQGHV 6FKXW]IHOG JHKOOW $Q GLHVHP 6FKLUPIHOG VROOWH MHJOLFKHU 9HUVXFK LQV 6FKLIIVLQQHUHYRU]XGULQJHQVFKHLWHUQ 'LH $XVZHUWXQJ GHU EHU 1DFKW EHOLFKWHWHQ )LOPH EUDFKWH HLQ LQWHUHVVDQWHV (UJHEQLV GDV 6XQLNV +\SRWKHVH EHVWlWLJWH 'LH .DPHUDV KDWWHQ LQ GHU 7DW LQVJHVDPW GUHL 4XDSD[ HUIDVVW GLH VLFK ZLH GLH $XIQDKPHQ EHZLHVHQ ]LHPOLFK ]LHOORV NUHX] XQG TXHU EHU GLH 3UlULH EHZHJWHQ 6HOEVW DXI GHQ $XI]HLFKQXQJHQ GHU RSWLVFKHQ $XIQDKPHJHUlWH ZDUHQ VLH ZHQQ DXFK QLFKW GHXWOLFK ]X HUNHQQHQ 'LH ,QIUDURWNDPHUDV ]HLJWHQ NHLQHUOHL 5HDNWLRQ XQG LP 0LNURXQG8OWUDNXU]ZHOOHQEHUHLFKKDWWHQGLH4XDSD[NHLQHGHXWOLFKHUH6SXUKLQWHUODVVHQDOV LPRSWLVFKHQ7HLOGHV6SHNWUXPV'LH89.DPHUD]HLJWHMHGRFKKHIWLJH/LFKWIOHFNHGRUWZR GLH4XDSD[VLFKEHZHJWKDWWHQXQGGHU5|QWJHQILOPZDUQDKH]XEHUEHOLFKWHW 6XQLNWULXPSKLHUWH=XPLQGHVWJDEHUVLFKGHQ$QVFKHLQHLQHV7ULXPSKLHUHQGHQZDVLKP LQ UHFKW EHU]HXJHQGHU :HLVH JHODQJ =X GHQ /DERUWHFKQLNHUQ GLH DQ GHU $XVZHUWXQJ GHU )LOPHJHDUEHLWHW KDWWHQEHPHUNWHHULPKRFKQlVLJVWHQ7RQGHULKP]XU9HUIJXQJVWDQG ª(V JHKW HEHQ QLFKWV EHU HLQ IXQGLHUWHV :LVVHQ DXI GHQ EHNDQQWHQ :LVVHQVJHELHWHQ XQG GLH )lKLJNHLW DXV GLHVHP :LVVHQ $QDORJLHVFKOVVH DXI 9RUJlQJH LQ HLQHP ZHQLJHU EHNDQQWHQ*HELHW]X]LHKHQ© (U KlWWH VLFK ZRP|JOLFK QRFK ZHLWHU DXVJHODVVHQ $EHU

JHQDXZLVVHQZDVZLUPLWLKUDQIDQJHQVROOHQ© ª/DVVHQ6LHK|UHQ©IRUGHUWH%HNNHULKQDXI (UEHPHUNWHGDVV6XQLNQHEHQLKQJHWUHWHQZDUXQGGLH8QWHUKDOWXQJPLWYHUIROJWH ª6KLQHKDWYRUHWZDIQI]LJ0LQXWHQNQDSSYLHU3UR]HQWLKUHU6WUDKOXQJVOHLVWXQJYHUORUHQ 6LU 'LH 6DFKH NDP QLFKW DOOPlKOLFK VRQGHUQ DEUXSW YRQ HLQHU 6HNXQGH ]XU DQGHUHQ 'HU =XVWDQG YHUPLQGHUWHU 6WUDKOXQJVOHLVWXQJ KLHOW DFKWXQGYLHU]LJ 0LQXWHQ ODQJ DQ 9RU NQDSS ]ZHL0LQXWHQZXUGHHEHQVRDEUXSW²GLHEOLFKH/HLVWXQJZLHGHUKHUJHVWHOOW©

ª9LHOOHLFKWNDQQPDQGDV© ª(VEOHLEWXQVNHLQH=HLWPHKU©GUlQJWH6XQLNª6LHVLQGZLUNOLFKQDKH© ª6RNRPPHQZHQLJVWHQV6LHVHOEVWPLWXQV©GUlQJWH%HNNHU ª:RKLQ"© ª$Q %RUG GHU 3817$ $5(1$6 'LH 6FKXW]VFKLUPH N|QQHQ GLH 4XDSD[ QLFKW GXUFKGULQJHQ©

GUDXHQQLFKW© 9RP .RPPDQGR]HQWUXP GHU 3817$ $5(1$6 DXV EHREDFKWHWHQ VLH GLH 9RUJlQJH LQ %HOH]LQGH'HU'XQVWVFKOHLHUXQWHUGHPYLROHWWHQ)LUPDPHQWKDWWHVLFKLQ]ZLVFKHQDXIJHO|VW 1DFK 6XQLNV hEHUOHJXQJHQ EHGHXWHWH GDV GDVV QXQ DXFK GLH JHJQHULVFKH +DXSWVWUHLWPDFKW GLH2EHUIOlFKHGHV3ODQHWHQHUUHLFKWXQGVLFKYHUWHLOWKDWWHXPGLH6LHGOHUXQWHULKUHQ%DQQ ]X]ZLQJHQ ,P ,QQHUQ GHU 6WDGW NDP HV ]X ZLOGHQ 6FKLHHUHLHQ (LQLJH *HElXGH JLQJHQ LQ )ODPPHQ DXI 'LFKWHU 4XDOP ]RJ EHU GLH (EHQH XQG PDFKWH YROOHQGV MHGH +RIIQXQJ ]XQLFKWH PDQ N|QQHGLHDQJUHLIHQGHQ4XDSD[RSWLVFKRUWHQ6XQLNDOOHLQNRQQWHPLW6LFKHUKHLWIHVWVWHOOHQ GDVV VLH GD ZDUHQ =HKQWDXVHQGH YRQ LKQHQ ZLH HU VDJWH 'LH 6LHGOHU KDWWHQ QLFKW GLH JHULQJVWH &KDQFH ,Q ]ZHL RGHU GUHL 6WXQGHQ ZUGH HV LQ JDQ] %HOH]LQGH NHLQHQ HLQ]LJHQ 0HQVFKHQPHKUJHEHQGHUQRFK+HUUVHLQHV%HZXVVWVHLQVZDU ª:DV VROO GDV DOOHV"© IUDJWH 1RUPD UDW XQG KLOIORV ª:HU VFKLHW GRUW XQG ZDUXP ZLUG JHVFKRVVHQ"© ª,FKKDEHQXUHLQH+\SRWKHVH©DQWZRUWHWH

ª'DV LVW HLQH 0|JOLFKNHLW GLH ZLU LQV $XJH IDVVHQ PVVHQ© DQWZRUWHWH HU ª(V JLEW %DNWHULHQ GLH VLFK HEHQVR YHUKDOWHQ 9RU IQI]HKQKXQGHUW -DKUHQ ]X %HJLQQ GHU ZLVVHQVFKDIWOLFKHQ,PPXQRORJLHKDWWHQGLHbU]WHHLQH0HQJHbUJHUPLW%DNWHULHQVWlPPHQ GLHLQNXU]HU=HLWJHJHQQHXH$QWLELRWLNDLPPXQZXUGHQ© hEHU%HOH]LQGHZDUHVLQ]ZLVFKHQKDOEZHJVUXKLJJHZRUGHQ1RFKLPPHUJDEHV%UlQGH GLH GXQNOH 4XDOPZRONHQ LQ GLH /XIW ZLUEHOWHQ DEHU GLH ZVWHQ 6FKLHHUHLHQ VFKLHQHQ HLQJHVFKODIHQ]XVHLQ

VHLQHP 5DXPVFKLII (U VWU]WH LQ GLH 6RQQH :DUXP HU PLW VHLQHP )DKU]HXJ ZLH GDV EHL DQGHUHQ 6RQQHQ GHU )DOO ]X VHLQ SIOHJW QLFKW HLQIDFK LQ GHU .RURQD YHUJOKWH XQG YHUVFKZDQGGDVZHLLFKQLFKW$XILUJHQGHLQH$UWXQG:HLVHPXVVVHLQ%HZXVVWVHLQVHLQH ,QWHOOLJHQ]LQGDVEHUHLWVWHKHQGH*HIlJHIORVVHQVHLQ'DPLWZDUGHU0HFKDQLVPXVDNWLYLHUW ,Q6KLQHZDULQGHU7DWGHU6LW]HLQHU,QWHOOLJHQ]HQWVWDQGHQGLHQXQ²VLFKHUOLFK QDFKHLQSDDU$QODXIVFKZLHULJNHLWHQ]XKDQGHOQEHJDQQ(VZXUGHQ4XDSD[HU]HXJWXQGLQ 5LFKWXQJ 1HXIIXQ DEJHVWUDKOW 'DVV JHUDGH GLHVH 5LFKWXQJ LQWHUHVVDQW VHL ZDU JHZLVV HLQH ,QIRUPDWLRQ GLH DXV 1HXPDQQV %HZXVVWVHLQ VWDPPWH $EHU LFK JODXEH QLFKW GDVV GHU ,QWHOOLJHQ]PHFKDQLVPXVLQQHUKDOE YRQ 6KLQHLQGHP$XJHQEOLFNLQ GHP HUGLH 4XDSD[ DXI GLH5HLVHVFKLFNWHJHQDXZXVVWHZDVHUHLJHQWOLFKZROOWH0DQPXVVHVQDFKPHLQHU$QVLFKW YLHOPHKUVRVHKHQHUKDWWHZLHHLQQHXJHERUHQHV.LQGSO|W]OLFKHLQHQHXH0|JOLFKNHLWGHV 6LFKVHOEVW$XVGUFNHQVJHIXQGHQXQGHUSURELHUWHVLHDXV (ULVWGDVJODXEH LFK DXFKMHW]WQRFKEHLP$XVSURELHUHQ'LHVHU ,QWHOOLJHQ]PHFKDQLVPXV LVWZHLWHUQLFKWVDOVHLQ%DE\ZHQQDXFKHLQJHIlKUOLFKHV(UNUlKWXQGVFKOlJWXPVLFK'DV LVW DOOHV ZDV HU WXW )U XQV DEHU GLH ZLU GLH 6LHGOHU DXI 1HXIIXQ YRQ GLHVHP 8QJHKHXHU EHIUHLHQZROOWHQEOHLEWQLFKWV:LFKWLJHUHV]XWXQDOVJHQDXGDUDXI]XDFKWHQZDVGDV%DE\ DOVQlFKVWHV]XWXQJHGHQNW© 'LH1DFKWNDPXQGGLH3817$$5(1$6EHIDQGVLFKQDFKZLHYRULP$ODUP]XVWDQG,Q %HOH]LQGH ZDUHQ GLH )HXHU HUORVFKHQ ,QIROJH GHU :LQGVWLOOH ODJ GHU 4XDOP MHGRFK QRFK LPPHU ZLH HLQ GLFNHV 7XFK EHU GHU (EHQH ,P WHFKQLVFKHQ /DERU GHV 5DXPVFKLIIV ZDUHQ YLHU0DQQ²PHKUKDWWHPDQQLFKWHQWEHKUHQN|QQHQ²GDPLWEHVFKlIWLJW5|QWJHQRUWHU]X EDXHQPLWGHUHQ+LOIHVLFK4XDSD[ZDKUQHKPHQOLHHQ 6XQLN KDWWH VLFK EHUHLWV HLQHU NOHLQHQ 2SHUDWLRQ XQWHU]RJHQ LQ GHUHQ )ROJH PDQ ]ZHL 0LNURRUWHU LQ VHLQHP /HLE XQWHUJHEUDFKW KDWWH (U NRQQWH YRQ QXQ DQ DOVR GLH 1lKH GHU 4XDSD[QLFKWQXUDQKDQGGHU SHVLRQLVFKHQ ,PSXOVH HUNHQQHQ GLH VLH DXVVWUDKOWHQ XQG GLH HU ]X HUNHQQHQ YHUPRFKWH HU NRQQWHVLHDXHUGHPªVHKHQ©
ª,FKP|FKWHPLFKLQGHU6WDGWXPVHKHQ©

ª6LHZHUGHQGLFKHUVFKLHHQ©SURWHVWLHUWH%HNNHU

ª,FK N|QQWH HLQH 0RQWXU PLW HLQJHEDXWHP 6FKLUPIHOGJHQHUDWRU WUDJHQ© KLHOW GHU 5RERWHU LKPHQWJHJHQª$EHUJHUDGHGDVP|FKWHLFKQLFKW,FKP|FKWHPHLQH+\SRWKHVHXQWHU%HZHLV VWHOOHQGDVVVLHHEHQQLFKWDXIPLFKVFKLHHQZHUGHQ© ª8QGZDUXPQLFKW"6LHN|QQHQGLFKYRQHLQHP0HQVFKHQQLFKWXQWHUVFKHLGHQ© ª*ODXEVWGX"© ª6LHVHKHQGXUFKGLH$XJHQLKUHU*DVWN|USHUQLFKWZDKU"© ª-D$EHURELKQHQGDVHWZDVEHVDJW"6LHILQGHQGLH*HKLUQHLQGHQHQVLHVLFKHLQQLVWHQ GXUFK=XIDOOZLHZLUPHLQHQ$EHUZLHNRPPWHVGDVVZLUQRFKNHLQHQ)DOONHQQHQLQGHP VLFKHLQ4XDSD[LQHLQHP+XQGRGHUHLQHU+DXVNDW]HHLQORJLHUWKDW"(VNDQQQDWUOLFKVHLQ GDVV VROFKH )lOOH HLQIDFK QLFKW EHPHUNW ZRUGHQ ZlUHQ $EHU LFK JODXEH HV QLFKW ,FK ELQ EHU]HXJW GDVV HLQ 4XDSD[ DXV QLFKW DOO]X JURHU (QWIHUQXQJ HLQH JHZLVVH $IILQLWlW ]XP %HZXVVWVHLQ GHV 0HQVFKHQ YHUVSUW LQ GHP HU VLFK HLQ]XTXDUWLHUHQ JHGHQNW (U LVW ² LQ GLHVHP6LQQH²ZLHHLQ+XQGNXU]VLFKWLJDEHULQGHU1lKHPLWHLQHPVFKDUIHQ*HUXFKVVLQQ EHJDEW ,FK P|FKWH YHUVXFKHQ ]X EHZHLVHQ GDVV GLH 4XDSD[ PLU QLFKWV DQKDEHQ N|QQHQ 6HOEVWZHQQVLHLQGHQ*HKLUQHQYRQ0HQVFKHQVWHFNHQXQGGLH0|JOLFKNHLWKlWWHQDXIPLFK ]XVFKLHHQZUGHQVLHHVGRFKQLFKWWXQZHLOVLHLQPHLQHP6FKlGHOQLFKWGDV%HZXVVWVHLQ HLQHVRUJDQLVFKHQ:HVHQVULHFKHQ© ª$XVVLFKWDXI(UIROJ"©IUDJWH%HNNHU ª8QVLFKHU$XIMHGHQ)DOOEHUIQI]LJHEHQVRVLFKHUXQWHUDFKW]LJ3UR]HQW© ª8QGZDVJHGHQNVWGX]XWXQXPGLFKJHJHQGLH8QVLFKHUKHLWDE]XGHFNHQ"© ª1LFKWV :HQQ LFK PLFK JHWlXVFKW KDEH ZHUGH LFK HLQIDFK HUVFKRVVHQ 'DV PDFKW GRFK QLFKWV6RHLQHQ5RERWHUZLHPLFKNULHJVWGXZLHGHU+HUU0DMRU©

SDUDOOHO ]XU 7LVFKNDQWH VD 'HQ OLQNHQ 8QWHUDUP KDWWH HU DXI GLH 7LVFKSODWWH JHOHJW 'HU UHFKWHKLQJDQGHU6HLWHVHLQHV.|USHUVVFKODIIKHUDE'HU0DQQVWDUUWHYRUVLFKKLQ ª+H©PDFKWH6XQLN :LHYRQHLQHP0HFKDQLVPXVEHZHJWZDQGWHVLFKGHU%OLFNGHV0DQQHVLKP]X ª:DVZLOOVWGX"©IUDJWHHU ª'LUKHOIHQ©DQWZRUWHWH6XQLN 'D NHKUWH GHU %OLFN GHV 0DQQHV ZLHGHU LQ GLH XUVSUQJOLFKH 5LFKWXQJ ]XUFN XQG PLW IODFKHU6WLPPHHUNOlUWHHU ª,FKEUDXFKHNHLQH+LOIH'HV0HQVFKHQ6WUHEHQ PXVV GDUDXI JHULFKWHW VHLQ YRP =XVWDQG GHU +LOIVEHGUIWLJNHLW VLFK VR UDVFK XQG VR ZHLW ZLH P|JOLFK ]X HQWIHUQHQ (U PXVV GDQDFK WUDFKWHQ HLQHQ =XVWDQG ]X HUUHLFKHQ LQ GHP HU VHOEVW+LOIHOHLVWHQNDQQDQVWDWWVHOEVWDOV(PSIlQJHUIUHPGHU+LOIHDXI]XWUHWHQ© ª'DQNH PHLQ )UHXQG© DQWZRUWHWH 6XQLN ª'DVVHOEH KDEH LFK VFKRQ HLQPDO JHK|UW ZHQQ DXFK QXU DXV ]ZHLWHU +DQG 'DPDOV ZLH KHXWH VW|UW PLFK GLH ]ZHLPDOLJH 9HUZHQGXQJ GHV 3DUWLNHOV¾VHOEVW½LPOHW]WHQ6DW]© 'DPLWVWRO]LHUWHHUZLHGHU]XU7UKLQDXV'HU0DQQDP7LVFKUKUWHVLFKQLFKW6XQLNKDWWH VHLQHQ QHXHQ 5|QWJHQ6HQVRU HLQJHVFKDOWHW :lKUHQG HU GLH 6WUDH HQWODQJVFKULWW JHZDKUWH HU'XW]HQGHZHQQQLFKWJDU+XQGHUWHYRQ4XDSD[,PKHOOHQ0LWWDJVVRQQHQVFKHLQZDUHQVLH RSWLVFK NDXP DXV]XPDFKHQ $EHU GLH EHLGHQ 5|QWJHQDXJHQ HQWGHFNWHQ VLH PKHORV (LQH 0HQJHYRQLKQHQNDPLQ6XQLNVXQPLWWHOEDUHU1lKHYRUEHLDEHUVLHEHDFKWHWHQLKQQLFKW (UEHWUDWQRFKHLQH5HLKHDQGHUHU+lXVHU,QMHGHPIDQGHUHLQHQ0HQVFKHQHLQHQ0DQQ RGHU HLQH )UDX GHU LUJHQGZR VD ODJ RGHU NDXHUWH XQG XQEHZHJWHQ %OLFNHV YRU VLFK KLQVWDUUWH 'LH /HXWH UKUWHQ VLFK QLFKW ZHQQ VLH LKQ NRPPHQ K|UWHQ (UVW ZHQQ HU VLH DQVSUDFKVFKHQNWHQVLHLKP$XIPHUNVDPNHLW8QGZHQQHUGDYRQVSUDFKGDVVHUJHNRPPHQ VHLXPLKQHQ]XKHOIHQEHNDPHUVWHWVGLHVHOEH$QWZRUW 'DPLW ZDU VHLQH +\SRWKHVH VFKRQ EHZLHVHQ 'LHVH 0HQVFKHQ GLH QRFK DP YHUJDQJHQHQ 7DJHLKUHVJOHLFKHQXPJHEUDFKWKDWWHQQXUZHLOLQLKUHQ*HKLUQHQHLQ4XDSD[QLVWHWHXQGLQ GHQHQGHUDQGHUHQNHLQHUVLHEHWUDFKWHWHQLKQQLFKWDOV*HIDKU6LHJULIIHQQLFKW QDFKGHU:DIIHGLHVLHQRFKLPPHULP*UWHOWUXJHQZHQQHUHLQWUDW 6XQLN KlWWH ]XU 3817$ $5(1$6 ]XUFNNHKUHQ N|QQHQ $EHU VHLQHP DQDO\WLVFKHQ 9HUVWDQG ZDU HLQ K|FKVW PHUNZUGLJHU 8PVWDQG QLFKW HQWJDQJHQ (V IHKOWH HLQ 7HLO GHU %HY|ONHUXQJ XQG HU IUDJWH VLFK ZR HU JHEOLHEHQ VHL 'HVZHJHQ VFKULWW HU HLQH 6WUDH QDFK GHU DQGHUHQ DE MHW]W QLFKW PHKU LQ GLH +lXVHU WUHWHQG XP VLFK PLW DSDWKLVFKHQ %HIDOOHQHQ EHU GLH 1RWZHQGLJNHLW GHU +LOIHOHLVWXQJ ]X XQWHUKDOWHQ ² VRQGHUQ HLQIDFK XP VLFK ]X ]HLJHQXQGGLH$XIPHUNVDPNHLWGHUHUDXIVLFK]XOHQNHQQDFKGHQHQHUVXFKWH 8QG VFKOLHOLFK KDWWH HU (UIROJ (U ZDU VRHEHQ DQ HLQHP HLQJHVWU]WHQ +DXV HLQHP 7UPPHUKDXIHQ YRUEHLJHVFKULWWHQ GD K|UWH HU KLQWHU VLFK HLQH KHOOH ZHQQ DXFK IOVWHUQGH 6WLPPH ª+H0LVWHU© (UEOLHEVWHKHQXQGZDQGWHVLFKXP=ZLVFKHQGHQ7UPPHUQKHUYRUOXJWHHLQKHOOKDDULJHU 6FKlGHO0XQWHUH$XJHQPXVWHUWHQ6XQLNVNRUSXOHQWH*HVWDOW ª+H0LVWHU©ZLHGHUKROWHGLHKHOOH6WLPPHª+DVWGXYLHOOHLFKWZDV]XHVVHQ"© 6XQLN WUDW QlKHU 'HU -XQJH GHU GD DXV HLQHU ZLQ]LJHQ /FNH ]ZLVFKHQ GHQ 7UPPHUVWFNHQKHUYRUVFKDXWHZDUQLFKWlOWHUDOV]HKQRGHUHOI-DKUH ª%HLPLU KDEHLFK QLFKWV©DQWZRUWHWH 6XQLN HUQVWKDIWª,FKNDQQGLFK DEHUGDKLQ EULQJHQ ZRHVZDV]XHVVHQJLEW+DVWGXVHKU+XQJHU"© ª8QG ZLH $EHU LFK ELQ QLFKW DOOHLQH :LU VLQG HLQH JDQ]H 0HQJH XQG DXHUGHP LVW GD QRFKGLH'LFNH© 6XQLNEHJDQQ]XYHUVWHKHQ'LH4XDSD[KDWWHQGLH .LQGHUQLFKWDQJHUKUW DXV GHPVHOEHQ *UXQGDXV GHPVLH LKQ LQ 5XKHOLHHQ'DVQRFK LP(QWZLFNOXQJV]XVWDQGEHILQGOLFKH%HZXVVWVHLQGHU.LQGHUERWLKQHQNHLQHQ$QUHL]VLFKLQ

LKPDQ]XVLHGHOQ'LH.LQGHUZDUHQEHLGHPJUDXVLJHQ*HVFKHKHQGHVYHUJDQJHQHQ7DJHVQXU =XVFKDXHU JHZHVHQ 'LH VFKDXULJHQ )HXHUJHIHFKWH GLH EUHQQHQGHQ *HElXGH PXVVWHQ LKQHQ $QJVWHLQJHMDJWKDEHQ6LHKDWWHQVLFKYHUNURFKHQ'HVZHJHQKDWWHHULQNHLQHPGHU+lXVHU DXFKQXUHLQHLQ]LJHV.LQGJHIXQGHQ6HOEVWXQWHUGHQ7RWHQEHIDQGHQVLFKNHLQH.LQGHU'LH 4XDSD[ZXVVWHQJHQDXDXIZHQVLH]X]LHOHQKDWWHQXQGDXIZHQQLFKW ª:LHKHLWGX"©IUDJWH6XQLNGHQVWURKKDDULJHQ-XQJHQ ª=LN]LN6RQHQQHQPLFKGLHlQGHUQ$EHUZHLWGXZLUNOLFKZRHVZDV]XHVVHQJLEW":LH NRPPW VEHUKDXSWGDVVGLH%HVFKXVVHOWHQGLFKLQ5XKHODVVHQ":DUXPKDWQRFKNHLQHUDXI GLFKJHVFKRVVHQ"© ª'LH%HVFKXVVHOWHQ"© ª1DGLHEHLGHQHQKLHUREHQQLFKWDOOHV© =LN]LN VSUDFK GHQ 6DW] QLFKW ]X (QGH PDFKWH GDIU MHGRFK YRU VHLQHU 6WLUQ HLQH +DQGEHZHJXQJGLHGHXWOLFKHUDOV:RUWHHUNOlUWHZDVHUPHLQWH ª,FK WUDJH HLQHQ 7DUQPDQWHO© DQWZRUWHWH 6XQLN JHKHLPQLVYROO ªGHU GLH %HVFKXVVHOWHQ WlXVFKW© ª'LHlQGHUQQLFKW"© ª'LFK]XP%HLVSLHOQLFKW© ª-DNODU0LFKQLFKW8QGGLHlQGHUQ.LQGHUDXFKQLFKW$EHUGLH(UZDFKVHQHQ"© 'LH 6HOEVWVLFKHUKHLW GHV -XQJHQ HU]HXJWH LQ 6XQLN GDV HOHNWURQLVFKH bTXLYDOHQW GHU hEHUUDVFKXQJ ª'X PHLQVW LKU .LQGHU N|QQW PHLQHQ 7DUQPDQWHO OHLFKWHU GXUFKVFKDXHQ DOV GLH (UZDFKVHQHQ"© ª1DNODUGRFK:LUN|QQHQDXFK%HVFKXVVHOWHYRQ1RUPDOHQXQWHUVFKHLGHQ*HVWHUQKlWWHVW GX XQV VHKHQ VROOHQ -HGHV 0DO ZHQQ HLQ %HVFKXVVHOWHU DXIWDXFKWH VFKULHQ ZLU GLH (UZDFKVHQHQDQVLHVROOWHQVLFKYHUVWHFNHQ©6HLQ*HVLFKWZXUGHSO|W]OLFKWUDXULJª$EHUVLH K|UWHQQLFKWDXIXQV8QGGLHPHLVWHQVLQGMHW]WWRW© 6XQLNZROOWHLKQDXIDQGHUH*HGDQNHQEULQJHQ ª:RLVWHXHU9HUVWHFN"© ª+LHUXQWHUGLHVHP7UPPHUKDXIHQ'DV+DXVKDWHLQHQULHVLJHQ.HOOHU© ª:LHYLHOHVHLGLKU"© ª9LHOOHLFKWKXQGHUW8QGVHLWJHVWHUQQLFKWV]XHVVHQ© (LQKXQGHUW.LQGHU",Q%HOH]LQGHPXVVWHHVPHKUJHJHEHQKDEHQ ª:RVLQGGLHDQGHUHQ.LQGHU"©IUDJWH6XQLN ª(LQH JDQ]H 0HQJH VLQG LQ 5LFKWXQJ GHU +RFKHEHQH DXVJHULVVHQ© DQWZRUWHWH =LN]LN DOWNOXJª'LHlQGHUQKDOWHQVLFKZDKUVFKHLQOLFKJHQDXVRYHUVWHFNWZLHZLU8QGZLHVWHKWGDV MHW]WPLWGHP(VVHQ0LVWHU"© 6XQLNODFKWHLKQDQ ª'DVLVWHLQIDFK©DQWZRUWHWHHUª,KUNRPPWPLWPLU6LHKVWGXGDVJURH5DXPVFKLIIGRUW GUDXHQ"'RUWJLEWHV]XHVVHQ© =LN]LNV*HVLFKWOHXFKWHWHDXI ª*URDUWLJ©VWUDKOWHHUª,FKVDJHGHQlQGHUQ%HVFKHLG© (UVFKLFNWHVLFKDQGXUFKGHQ*DQJ]XUFN]XNULHFKHQGHUVLFKRIIHQEDUKLQWHUGHU/FNH LQGHQ7UPPHUQYHUEDUJ6FKRQQDFK]ZHL6HNXQGHQNDPHUMHGRFKZLHGHU]XP9RUVFKHLQ 6HLQ*HVLFKWZDUYHUGURVVHQ ª+DE JDQ]YHUJHVVHQHVJHKWQLFKW© ª:DUXPQLFKW"© ª:LUN|QQHQGLH'LFNHQLFKWDOOHLQODVVHQDEHUVLHWUDXWVLFKDXFKQLFKWLQV)UHLH© ª:HULVWGLH'LFNH"©ZROOWH6XQLNZLVVHQ ª'LHHLQ]LJH(UZDFKVHQHGLHDXIXQVJHK|UWXQGVLFKUHFKW]HLWLJLQ6LFKHUKHLWJHEUDFKWKDW 'X NHQQVW VLH ZDKUVFKHLQOLFK QLFKW 6LH LVW LUJHQGHLQ KRKHV 7LHU LQ GHU *HQRVVHQVFKDIW XQG KHLW0HUZLQD©

6XQLNV9HUVWDQGDUEHLWHWHDXI+RFKWRXUHQDOVHUVFKQHOOHQ6FKULWWHV]XU3817$$5(1$6 ]XUFNNHKUWH(UKDWWHGHQ.LQGHUQDXIJHWUDJHQQRFKHLQH=HLWODQJLP9HUVWHFN]XEOHLEHQ (UKDWWHYHUVSURFKHQGDVLHZHJHQ0HUZLQDQLFKW]XP5DXPVFKLIINRPPHQN|QQWHQZHUGH HUGDV5DXPVFKLII]XLKQHQEULQJHQ (LQH GHU )UDJHQ GLH LKQ EHVFKlIWLJWH ZDU ZDUXP GLH 4XDSD[ GLH 'LFNH QLFKW JHIXQGHQ KDWWHQ 6RZRKO GLH N|USHUJHEXQGHQHQ ZLH GLH GLH IUHL XPKHUVFKZHEWHQ NRQQWHQ GDV %HZXVVWVHLQ HLQHV 0HQVFKHQ HLQHV HUZDFKVHQHQ 0HQVFKHQ ² DXV JURHU (QWIHUQXQJ HUNHQQHQ 6LH RULHQWLHUWHQ VLFK DQ GHQ IQIGLPHQVLRQDOHQ ,PSXOVHQ GLH GHU PHQVFKOLFKH *HLVWDXVVWUDKOW'HUPDVVLYH7UPPHUKJHOEHUGHP9HUVWHFNGHU.LQGHUNRQQWHQLFKWDOV (UNOlUXQJGDIUKHUDQJH]RJHQZHUGHQGDVV0HUZLQDQLFKWHQWGHFNWZRUGHQZDU 9HUPXWOLFKVDJWHVLFK6XQLNQDFKHLQLJHUhEHUOHJXQJVWUDKOWHGRFKDXFKGDV%HZXVVWVHLQ GHU.LQGHUHLQIQIGLPHQVLRQDOHV0XVWHUDXV(VZDUQLFKWVRJHDUWHWGDVVGLH4XDSD[VLFK ]X GHQ .LQGHUQ KLQJH]RJHQ IKOWHQ $EHU GLH 6WUDKOXQJ DXV HLQKXQGHUW .LQGHUJHKLUQHQ GLH VLFK DOOHVDPW LQ 0HUZLQDV XQPLWWHOEDUHU 1lKH EHIDQGHQ VFKLHQ 0HUZLQDV HLJHQH $XVVWUDKOXQJLQVLFK]XHUWUlQNHQVRGDVVGLH4XDSD[QLFKWVGDYRQPHUNWHQ 0HUNZUGLJ ZDU DXFK GDVV GLH .LQGHU ZLH =LN]LN EHKDXSWHWH HLQHP 0HQVFKHQ DQVHKHQ NRQQWHQ RE HU ªEHVFKXVVHOW© ZDU RGHU QLFKW G K YRQ HLQHP 4XDSD[ EHVHVVHQ RGHU QRFK +HUUVHLQHU6LQQH6XQLNYHUPXWHWHKLQWHUGLHVHU)lKLJNHLWGLHDOOHLQHGHQ.LQGHUQ]XHLJHQ ZDU GHQVHOEHQ 0HFKDQLVPXV GHU GLH 4XDSD[ GD]X EHZHJWH .LQGHU Y|OOLJ XQJHVFKRUHQ ]X ODVVHQ(UZUGHVLFKEHL]HLWHQGDUXPNPPHUQPVVHQGLHVHV*HKHLPQLV]XHUIRUVFKHQ(U EHVD ]ZDU GLH EHLGHQ 5|QWJHQDXJHQ DEHU PLW LKQHQ NRQQWH HU QXU QLFKWN|USHUJHEXQGHQH 4XDSD[ HUNHQQHQ =XU 8QWHUVFKHLGXQJ HLQHV %HIDOOHQHQ YRQ HLQHP 1LFKWEHIDOOHQHQ IHKOWH LKP YRUOlXILJ VREDOG GHU %HIDOOHQH VLFK KDOEZHJV QRUPDO EHQDKP QRFK MHGH 0|JOLFKNHLW 'DZDUHVZLFKWLJ]XZLVVHQGDVVGLH.LQGHUGLH)lKLJNHLWEHVDHQGLHLKPGHP5RERWXQG GHQHUZDFKVHQHQ0HQVFKHQDEJLQJ 8QG VRJOHLFK ZHFKVHOWHQ VHLQH hEHUOHJXQJHQ ]XP QlFKVWHQ 7KHPD EHU (V ZUGH HLQ /HLFKWHVVHLQGLH3817$$5(1$6VR]XSRVWLHUHQGDVVLKU6FKLUPIHOGHLQHQ7HLOGHU6WDGW %HOH]LQGH PLW HLQVFKORVV YRU DOOHQ 'LQJHQ GHQ 7HLO LQ GHP GDV 9HUVWHFN GHU .LQGHU ODJ $EHU DOOH 3UREOHPH ZDUHQ GDPLW QRFK OlQJVW QLFKW JHO|VW %HL GHU /DQGXQJ XQG GHU QDFKIROJHQGHQ $XIEOlKXQJ GHV 6FKLUPIHOGV ZDU HV XQYHUPHLGOLFK GDVV HLQ SDDU IUHLVFKZHEHQGH 4XDSD[ PLW HLQJHIDQJHQ ZXUGHQ 6LH EHIDQGHQ VLFK GDQQ LP ,QQHUQ GHV )HOGHV NRQQWHQ QLFKW QDFK GUDXHQ KDWWHQ DEHU GLH 0|JOLFKNHLW VLFK LP *HKLUQ HLQHV GHU 0HQVFKHQHLQ]XQLVWHQGLHVLFKHEHQIDOOVLP,QQHUQGHV)HOGHVEHIDQGHQDOVR]XP%HLVSLHO LQ GHQ *HKLUQHQ YRQ 0LWJOLHGHUQ GHU %HVDW]XQJ 8QG ]ZHLWHQV ZUGH GDV HUZHLWHUWH 6FKLUPIHOGHLQSDDU*HElXGHHLQVFKOLHHQLQGHQHQVLFK%HIDOOHQH EHIDQGHQ 6LH ZUGHQ VREDOG GLH 3817$ $5(1$6 JHODQGHW ZDU GLH $XVVWUDKOXQJ GHU 0DQQVFKDIW VSUHQ XQG DXI .ULHJV]XJ JHKHQ 'DV ZDU ]ZDU NHLQ HUQVW]XQHKPHQGHV 3UREOHP GHQQ GDV 5DXPVFKLII EUDXFKWH QXU VHLQH 6FKRWWH ]X YHUULHJHOQ XQG GLH EOXWGUVWLJHQ %HVHVVHQHQ EOLHEHQ KLOIORV DXVJHVSHUUW GD VLH GLH $UW YRQ :DIIHQ PLW GHQHQ PDQ VLFK GHQ=XJDQJ KlWWHHU]ZLQJHQ N|QQHQ QLFKW EHVDHQ $EHU DXI GLH 'DXHU ZUGH HV OlVWLJ VHLQ LQ HLQHP EHODJHUWHQ 5DXPVFKLII ]X OHEHQ 0DQ ZUGH VLFK GHU %HVHVVHQHQ DQQHKPHQPVVHQXQGGDVLHGLH(QWODGXQJYRQ6FKRFNZDIIHQZLH8XOH5DWWHUQV%HLVSLHO JH]HLJW KDWWH VFKOHFKW YHUWUXJHQ ZUGH PDQ VLFK HLQH DQGHUH 0|JOLFKNHLW HLQIDOOHQ ODVVHQ PVVHQXPVLHXQVFKlGOLFK]XPDFKHQ *HJHQ GLH IUHLVFKZHEHQGHQ 4XDSD[ KDWWH 6XQLN HLQ DQGHUHV 5H]HSW (V ZDU P|JOLFK LP ,QQHUQ GHV 6FKLIIHV JHZLVVH 'HFNV XQG 'HFNDEVFKQLWWH GXUFK ]XVlW]OLFKH 6FKLUPIHOGHU YRQ

GHU8PZHOWDE]XWUHQQHQ(UZUGHGDIUVRUJHQGDVVHLQVROFKHV=XVDW]IHOGDQJHOHJWZXUGH VREDOG 0HUZLQD XQG GLH .LQGHU VLFK LQ 6LFKHUKHLW EHIDQGHQ 'DV 3UREOHP ZLH PDQ VLFK QLFKWN|USHUJHEXQGHQHU 4XDSD[ HQWOHGLJWH EOLHE DOOHUGLQJV QDFK ZLH YRU EHVWHKHQ 8QG LQ GLHVHP =XVDPPHQKDQJ KDWWH 6XQLN SO|W]OLFK HLQH ,GHH (V LVW QlPOLFK NHLQHVZHJV VR GDVV 5RERWHU NHLQH ,GHHQ KDEHQ N|QQHQ 'LH PRGHUQHQ SURJUDPPLHUEDUHQ 0HWKRGHQ GHU .RPELQDWRULN VLQG VR YLHOIlOWLJ GDVV HLQ 5RERWHU DXFK ZHQQ HU XQXQWHUEURFKHQ ªDP 'HQNHQ© LVW VHKU ZRKO PHKUHUH 6WXQGHQ EUDXFKHQ NDQQ XP GLH IU GLH /|VXQJ HLQHV 3UREOHPV GHQNEDUHQ /|VXQJVNRPSRQHQWHQ LQ DOOHQ P|JOLFKHQ .RPELQDWLRQHQ PLWHLQDQGHU ]XYHUELQGHQ,QHLQHUVROFKHQ6LWXDWLRQJHVFKLHKWHVRIWGDVVGLHZDKUH/|VXQJHUVW QDFK ODQJHU 0KH JHIXQGHQ ZLUG ,Q $QDORJLH ]XP PHQVFKOLFKHQ 'HQNSUR]HVV LVW PDQ GXUFKDXVEHUHFKWLJWGDQQ]XVDJHQGHU5RERWKDWHLQH,GHH 2E VHLQH ,GHH DOOHUGLQJV HUIROJYHUVSUHFKHQG ZDU GDV ZXVVWH VHOEVW 6XQLN LP $XJHQEOLFN QRFKQLFKW]XHQWVFKHLGHQ 1DFKHLQHUKDOEHQ6WXQGHUDVFKHQ/DXIVHUUHLFKWHHUGLH3817$$5(1$6$P$XVVWLHJ GHV$QWLJUDYVFKDFKWV ZXUGH HU YRQ

GDIUVRUJHQGDVVGHU%RUGDU]WLKUHLQ%HUXKLJXQJVPLWWHOYHUDEUHLFKWH)U GLH 6LFKHUKHLW GHU /HXWH DQ %RUG GHU 3817$ $5(1$6 ZDU LP $XJHQEOLFN QLFKWV ]X EHIUFKWHQ'DV6FKLUPIHOGGDVGHQ.HUQVHNWRUGHV6FKLIIHVYRQGHU8PZHOWWUHQQWHVWDQG 'LHEHLGHQ)UDXHQZDUHQNDXPJHJDQJHQGDWUDW6XQLNDXI

3ODW]GLHGHU]HLWDXI1HXIIXQXPKHUVWUHLFKHQXQGQRFKHLQSDDUGD]X©

WUXJHLQ UHFKWZLQNOLJHV.RRUGLQDWHQQHW]'XUFKGDV 1HW]KLQGXUFK IKUWHHLQHVFKQXUJHUDGH /LQLH GHU .XUV GHU 67$55< 6.,(6 8QG HWZD LQ GHU 0LWWH GHV %ODWWHV SUDQJWH HLQ VFKZDU]HU.UHLVHWZDHLQHQ=HQWLPHWHULP'XUFKPHVVHU'DVZDU6KLQH ª,FK VHKH© EHPHUNWH 6XQLN ª'HU .XUV GHV 6FKLIIHV HQGHW LQ HLQLJHU (QWIHUQXQJ YRU GHU .RURQDJUHQ]HGHU6RQQHGLHZLULPDOOJHPHLQHQDOVGLH6RQQHQREHUIOlFKHLGHQWLIL]LHUHQ© ª(WOLFKH0LOOLRQHQ.LORPHWHUGDYRU©EHWRQWH

ª:DVJLEW V"©IUDJWH%HNNHULUULWLHUWª*HIlOOWGLUGLH7KHRULHQLFKW"© ª2 GRFK© DQWZRUWHWH 6XQLN ª,FK ILQGH VLH DQ]LHKHQG 1HLQ HV ZDU HWZDV DQGHUHV GHU ]ZHLWH4XDSD[KDWVLFKLQPHLQHU)DOOHJHIDQJHQ© 6LHKDWWHQ]ZHLZHVHQWOLFKH)RUWVFKULWWHHU]LHOW6LHKDWWHQHLQH0HWKRGHIUGDV(LQIDQJHQ YRQ IUHLVFKZHEHQGHQ 4XDSD[ HQWZLFNHOW HLQH 0HWKRGH EULJHQV GLH VSlWHU ZHQQ GLH XQPLWWHOEDUH*HIDKUEHVHLWLJWZDULQJURHP0DVWDEZUGHHLQJHVHW]WZHUGHQPVVHQXP JDQ] 1HXIIXQ YRQ GHU 3ODJH GHU 4XDSD[ ]X EHIUHLHQ 8QG VLH JODXEWHQ ]X ZLVVHQ ZHOFKHQ 0HFKDQLVPXV GHU JURH 8QEHNDQQWH YHUZHQGHWH XP GLH 9HUELQGXQJ ]ZLVFKHQ VHLQHP $XIHQWKDOWVRUW XQG GHU 8PZHOW KHU]XVWHOOHQ 1RFK ZDU %HNNHUV +\SRWKHVH GXUFK QLFKWV HUKlUWHW DEHU GHU 0DMRU ZDU EHU]HXJW PDQ EUDXFKH LUJHQGHLQ 2EMHNW QXU DQ GHQ 3XQNW ]X EULQJHQDQGHPGHU.XUVGHU 67$55< 6.,(6HQGHWH XQGGHUJHKHLPQLVYROOH 7UDQVPLWWHU ZUGHGDV2EMHNWXQYHU]JOLFK]XGHP6LW]GHUIUHPGHQ,QWHOOLJHQ]EHI|UGHUQ 6XQLNV (LQZDQG GDVV 1HXPDQQV 5DXPVFKLII DQ HLQHU JDQ] DQGHUHQ 6WHOOH YHUVFKZXQGHQ VHLUHLFKWHOlQJVWQLFKWDXVXP%HNNHUV7KHRULHXP]XZHUIHQ1HXPDQQZDUYRU]ZHLHLQKDOE -DKUHQ YHUVFKZXQGHQ 'LH 7UDQVPLWWHU|IIQXQJ EUDXFKWH QLFKW VWDWLRQlU ]X VHLQ (V ZDU GHQNEDUGDVVVLHZDQGHUWHYLHOOHLFKWPLWGHU(LJHQURWDWLRQYRQ6KLQH2GHUHVJDEPHKUHUH VROFKHU7UDQVPLWWHU|IIQXQJHQ .HLQHV GHU EHLGHQ(UJHEQLVVH NRQQWH MHGRFK ]XU /|VXQJGHV *HVDPWSUREOHPV XQPLWWHOEDU EHLWUDJHQ

VRJXWZLHVLFKHUGDVVHVNHLQHGLUHNWH9HUELQGXQJNHLQHQXQPLWWHOEDUHQ)HHGEDFNYRQGHQ 4XDSD[ ]X GHP 8QEHNDQQWHQ JLEW 'DGXUFK GDVV GLH 4XDSD[ EHU 1HXIIXQ VFKZHEHQ XQG VLFKLQGHQ*HKLUQHQGHU6LHGOHUHLQQLVWHQHUKlOWGHU)UHPGHDOVRNHLQHVZHJVGHQ(LQGUXFN VHOEVW DXI 1HXIIXQ ]X VHLQ :HQQ HU ,QIRUPDWLRQHQ KDEHQ ZLOO PXVV HU GLH 4XDSD[ ]XUFNKROHQ ZLH LP )DOOH GHU 67$55< 6.,(6 8QG ]ZHLWHQV :HQQ ZLUNOLFK 1HXPDQQ VHOEVWGHU9DWHUGHU4XDSD[ZlUHKlWWHHUQLFKWOlQJVWYHUVXFKWVLFK]XHUNHQQHQ]XJHEHQ" 'ULWWHQVXQGOHW]WHQVGLH,QVWLQNWUHDNWLRQHQGHU4XDSD[VLQGW\SLVFKQLFKWPHQVFKOLFK2GHU N|QQWH PDQ YRQ 1HXPDQQ ZLUNOLFK HUZDUWHQ GDVV HU VLFK EHLP HUVWHQ $XIWUHWHQ HURWLVFKHU %HJLHUGH]X7RGHHUVFKUHFNW"© ª'DV ZRKO NDXP© DQWZRUWHWH

ª'LH4XDSD[2SIHUZHUGHQDOOPlKOLFKOHEHQGLJ6LHNRPPHQDXVLKUHQ+lXVHUQ© 6LH KDWWHQ LKUH IUKHUH $SDWKLH YHUORUHQ :HQQ VLH HLQDQGHU EHJHJQHWHQ VSUDFKHQ VLH PLWHLQDQGHU ,P JURHQ XQG JDQ]HQ DEHU JDOW LKUH $XIPHUNVDPNHLW GHP 5LHVHQNRORVV GHV 5DXPVFKLIIV GHU EHU LKUHQ .|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lKOWH%HNNHUDXIGHP %LOGVFKLUP LP .RPPDQGRVWDQG (V NRQQWH IUHLOLFK VHLQ GDVV VLFK DQGHUH QRFK LQ GHQ +lXVHUQDXIKLHOWHQ (WZD]ZHL6WXQGHQYRU6RQQHQXQWHUJDQJPHOGHWHVLFKGHU%RUGDU]WEHLLKP ª:LUZlUHQVRZHLW6LU©PHLQWHHUEHLOlXILJ ª:LHYLHOH*HUlWH"© ª'UHL6LU© ª'DVVROOWHJHQJHQ©HQWVFKLHG%HNNHU (UDNWLYLHUWHGHQ,QWHUNRP$XIHLQHPNOHLQHQ%LOGVFKLUPHUVFKLHQ*X\7DLWLQJHU ª(V JHKW ORV© OLH %HNNHU LKQ ZLVVHQ ª$QWLJUDYVFKDFKW DQ DQ GHU *UHQ]H GHV XQWHUVWHQ 'HFNVEORFNLHUHQ'X6XQLNXQGLFK²ZLUSRVWLHUHQXQVLQGHU1lKHGHU6GSROVFKOHXVH© (UODFKWHª3IHLOXQG%RJHQZHUGHQXQVGRUWKLQJHEUDFKW© 3IHLO XQG %RJHQ ZDUHQ GLH HWZDV XQI|UPLJHQ *HUlWH VLFKHU QLFKW GLHGHU %RUGDU]W HLJHQV IU GLHVH $QZHQGXQJ HQWZLFNHOW KDWWH DEHU DXI GHU DQGHUHQ 6HLWH UHSUlVHQWLHUWHQ VLH DXFK VLFKHUOLFK QLFKW GHQ OHW]WHQ 6WDQG GHU LUGLVFKHQ :DIIHQWHFKQLN $XV HLQHP UXQG IQI]LJ =HQWLPHWHUODQJHQ/DXIZXUGHQ PLW +LOIH YRQ 'UXFNOXIW NOHLQH 3URMHNWLOH YHUVFKRVVHQ GLH PLW HLQHU VFKDUIHQ 6SLW]H YHUVHKHQ ZDUHQ 8QPLWWHOEDU KLQWHU GHU 6SLW]H EHIDQG VLFK HLQ ZLQ]LJHU %HKlOWHU GHU PLW HLQHP 0HGLNDPHQW JHIOOW ZDU 'HU $QWULHE GHU 3URMHNWLOH HUIROJWH GXUFK 3UHVVOXIW 'DV 0HGLNDPHQW ZDU HLQ UDVFK ZLUNHQGHV 1DUNRWLNXP (V ZDU %HNNHUV $EVLFKW GLH (LQGULQJHQGHQ PLW +LOIH GHU ª*LIWSIHLOH© ZLH *X\ 7DLWLQJHU VLH QDQQWH EHZXVVWORV XQG XQVFKlGOLFK ]X PDFKHQ 6SlWHU GDQQ NRQQWH PDQ GDUDQ JHKHQ VLH DXI GLHVHOEH :HLVH ZLH -DULHO%RRUYRQGHQLQLKQHQZRKQHQGHQ4XDSD[]XEHIUHLHQ %HNNHU 7DLWLQJHU XQG GHU 5RERW SRVWLHUWHQ VLFK LQ GHU LQQHUHQ 6FKOHXVHQNDPPHU 'DV 6FKRWW GDV LQ GHQ HLJHQWOLFKHQ 6FKOHXVHQUDXP KLQHLQIKUWH VWDQG RIIHQ =X EHLGHQ 6HLWHQ YRUVSULQJHQGH:lQGHERWHQGHQ/DXHUQGHQMHGRFKDXVUHLFKHQG'HFNXQJ'DV$QWLJUDYIHOG GDV ELV ]XP %RGHQ KLQXQWHUUHLFKWH XQG HWZD DXI GHU +|KH GHU 6FKOHXVH HQGHWH GDPLW GLH (LQGULQJOLQJH QLFKW HWZD ELV ]XP 0LWWHOSXQNW GHV 6FKLIIHV YRUGULQJHQ NRQQWHQ ZDU HLQJHVFKDOWHWhEULJHQVZDUGLH.HUQ]HOOHGHV5DXPVFKLIIVQRFK]XVlW]OLFKJHVLFKHUWIUDOOH )lOOHKDWWH

ª6LHNRPPHQ©VDJWHHUKDOEODXWª,FKK|UHZLHLKUH6WLPPHQODXWHUZHUGHQ© 9RUVLFKWLJVWHFNWHGHUHUVWHGHQ.RSIDXVGHP/XNGHV$QWLJUDYVFKDFKWV6RUJIlOWLJVDKHU VLFK LQ GHP KHOOHUOHXFKWHWHQ 6FKOHXVHQUDXP XP 6FKOLHOLFK VFKZDQJ HU VLFK DXV GHP 6FKDFKW(UWUXJHLQHQVFKXVVEHUHLWHQ1DGHOVWUDKOHU$QVHLQHP*HVLFKWZDUHVDE]XOHVHQHU ZDUJHNRPPHQXP]XW|WHQ (UZDQGWHVLFKXPDOVHLQ]ZHLWHU0DQQGHP6FKDFKWHQWVWLHJ ª6LHVLQGJDQ]LQGHU1lKH©]LVFKWHHULKP]Xª,FKVSUHVLH=ZHL© (UZLHVDXIGDVRIIHQH6FKRWWGHULQQHUHQ6FKOHXVHQNDPPHU ª6LHKGXGRUWQDFK©EHIDKOHUGHP=ZHLWHQª,FKZDUWHKLHUDXIGLHlQGHUQ© =|JHUQG JHKRUFKWH VHLQ *HQ|VVH 0LW YRUVLFKWLJHQ 6FKULWWHQ NDP HU DXI GLH .DPPHU ]X $XFKHUZDUJHNRPPHQXP]XW|WHQDEHUPLWMHGHP6FKULWWGHQHUWDWZXUGHGHU$XVGUXFN GHU $QJVW LQ VHLQHP *HVLFKW GHXWOLFKHU 9RUQ %HNNHU VWHOOWH VLFK LQ 3RVLWLRQ :HQQ HU ZDUWHWH ELV GHU 0DQQ GDV RIIHQH 6FKRWW HUUHLFKW KDWWH EUDXFKWH HU VLFK YRQ GHP GHU QRFK GUDXHQVWDQGQLFKWVHKHQ]XODVVHQ (LQ6FKDWWHQILHOGXUFKGLH6FKRWW|IIQXQJ%HNNHUKREGHQ/DXIGHUXQI|UPLJHQ:DIIH'D HUVFKLHQGLH6LOKRXHWWHGHV0DQQHVHLQHJURHEUHLWVFKXOWULJH6LOKRXHWWHGLHHLQSUlFKWLJHV =LHO ERW %HNNHU GUFNWH DE (V JDE HLQ NXU]HV VFKDUIHV =LVFKHQ XQG QRFK LP VHOEHP $XJHQEOLFN HLQ GXPSIHV *HUlXVFK GDV ZLH ª3ORS© NODQJ 'HU 0DQQ JLQJ lFK]HQG LQ GLH .QLH0LWGHP2EHUN|USHUILHOHULQGLH6FKOHXVHQNDPPHUKHUHLQ'LH)LQJHUO|VWHQVLFKYRP .ROEHQ GHU :DIIH XQG GHU 6WUDKOHU ILHO VFKHSSHUQG ]X %RGHQ 6XQLN ZDU EOLW]VFKQHOO KHUEHLJHVSUXQJHQXQG]RJGHQ%HZXVVWORVHQYROOHQGVLQV,QQHUHGHU.DP PHUVRGDVVHUYRQGUDXHQQLFKWPHKUJHVHKHQZHUGHQNRQQWH ª.DGLWVFK"©HUNODQJHVYRQGUDXHQ 8QG DOV NHLQH $QWZRUW NDP ZXUGH GLH )UDJH ]XP ]ZHLWHQ 0DO JHVWHOOW PLW KDOE YHUZXQGHUWHUKDOElQJVWOLFKHU6WLPPH ª.DGLWVFKZRVWHFNVWGX"© (LQHQ $XJHQEOLFN VSlWHU ZDUHQ ZHLWHUH 6WLPPHQ ]X K|UHQ %HNNHU ZDUI HLQHQ UDVFKHQ %OLFN KLQWHU GHU 'HFNXQJ KHUYRU XQG VDK GDVV ]ZHL ZHLWHUH 0lQQHU DXV GHP 6FKDFKW JHVWLHJHQZDUHQ ª.DGLWVFK LVW YHUVFKZXQGHQ 'RUW KLQDXV© ULHI GHU ]XHUVW $QJHNRPPHQH YROOHU $QJVW ª6SUWLKUHVDXFK"=ZHLYRQGLHVHQYHUGDPPWHQ%HVWLHQVLQGJDQ]LQGHU1lKH:LUPVVHQ VLHDXVO|VFKHQ.RPPHQQRFKDQGHUHQDFK"© ª1HLQ©ZXUGHLKPJHDQWZRUWHWª6LHZROOHQHUVWK|UHQZDVZLUKLHUYRUILQGHQ©

$XJHQEOLFNVFKULH6XQLN ª9RUVLFKW© %HNNHU ZLUEHOWH KHUXP (U EUDXFKWH HLQH 6HNXQGH ELV HU GLH %HGHXWXQJ GHV %OLW]HV HUNDQQWH6XQLNV4XDSD[)DOOHKDWWHDQJHVSURFKHQ$EHUZRKHUZDUGHU4XDSD[JHNRPPHQ" (VJDEGRFKLP,QQHUQGHV6FKLUPIHOGVNHLQHPHKUDXHU 6HLQH $XJHQ ZXUGHQ ZHLW XQG VWDUU DOV HU GLH KDXFKGQQHQ ZDEHUQGHQ 1HEHOVFKZDGHQ VDK GLH VLFK YRQ GHQ .|USHUQ GHU (LQGULQJOLQJH O|VWHQ 1HLQ QLFKW YRQ DOOHQ 1XU YRQ GUHLHQ.DGLWVFKEOLHEYHUVFKRQW$XVLKPPXVVWHGHU4XDSD[JHNRPPHQVHLQGHQGLH)DOOH EHUHLWV HLQJHIDQJHQ KDWWH .DGLWVFK ZDU DXFK GHU HUVWH JHZHVHQ GHQ VLH QLHGHUJHVFKRVVHQ KDWWHQ hEHU GHQ .|USHUQ GHU GUHL %HZXVVWORVHQ VFKZHEWHQ GLH KDXFK]DUWHQ 1HEHOJHELOGH XQGVFKZDQNWHQKLQXQGKHUDOVZVVWHQVLHQLFKWZRKLQVLHVLFKZHQGHQVROOWHQ(LQNDOWHU 6FKDXGHUOLHI

0HUZLQDZXUGHJHKROW6LHPDFKWHQRFKLPPHUHL QHQQLHGHUJHVFKODJHQHQ(LQGUXFNXQGZDJWHNDXPDXI]XVHKHQ'HU$U]WKDWWH

KDWWHQGDVVPDQGDV6FKLUPIHOGQLFKWGXUFKGULQJHQNRQQWHJDEHQVLHDXI 'LH 5RERWHU KDWWHQ LQ]ZLVFKHQ GLH 6WUDHQ GHU JDQ]HQ 6WDGW JHUlXPW 'LH 6HXFKHQJHIDKU ZDU JHEDQQW GLH 7RWHQ KDWWHQ HLQ *UDE JHIXQGHQ $XFK

'LH *lVWH HQWWlXVFKWHQ 0HUZLQD QLFKW

XQG 0HUZLQD DOV GHQ ]XU =HLW HLQ]LJ YHUIJEDUHQ 9HUWUHWHUQ GHV VWlGWLVFKHQ *HQRVVHQVFKDIWVUDWHV ª:LH VROO LFK HQWVFKHLGHQ N|QQHQ© EUXPPWH

ª,VWDOOHVYRUEHUHLWHW"©IUDJWHHU ª$OOHV© DQWZRUWHWH GHU 5RERWHU ª'HU $U]W ZDUWHW PLW HLQHU .LVWH YROOHU KlVVOLFKHU ,QVHNWHQXQGGLH5RERWHUVWHKHQEHUHLW6LHVLQGPLWDEHQWHXHUOLFKHQ:DIIHQDXVJHUVWHWGLH NOHLQH3IHLOHYHUVFKLHHQ© ª:LHYLHO/HXWHVLQGXQWHUZHJV]XP5DXPKDIHQ"© ª6FKlW]XQJVZHLVHDFKWWDXVHQG© ª0HLQ*RWW:HUGHQVLHDOOHLQGLH%52205,'(5SDVVHQ"© ª:HQQVLHVLFKHQJDQHLQDQGHUGUlQJHQ²JHZLVV© 6LHPDFKWHQVLFKDXIGHQ:HJ,QGHU+DQJDUVFKOHXVHVWDQGHLQJHUlXPLJHU*OHLWHUEHUHLW 1RUPD 6LQJHU XQG *X\ 7DLWLQJHU KDWWHQ LKUH 3OlW]H EHUHLWV HLQJHQRPPHQ 1HEHQ LKQHQ VD -DULHO%RUU ª6LHDXFK"©IUDJWH%HNNHUEHUUDVFKW ª,FK P|FKWH GHQ $XJHQEOLFN QLFKW PLVVHQ© DQWZRUWHWH %RUU JULPPLJ ª,FK KRIIH 6LH KDEHQQLFKWVGDJHJHQ© ª1LFKW GDV JHULQJVWH© PXUPHOWH %HNNHU XQG ]ZlQJWH VLFK QHEHQ 6XQLN LQ© GHQ 6LW] GHV .RSLORWHQ )QI ZHLWHUH )DKU]HXJH ZDUWHWHQ DXI GLH $XVVFKOHXVXQJ 9LHU GDYRQ KDWWHQ 5RERWHU DQ %RUG 'DV IQIWH WUXJ GHQ %RUGDU]W PLW VHLQHU .RORQLH YRQ ,QVHNWHQ %HNNHU JDE HLQ .RPPDQGRXQG6HNXQGHQVSlWHUJOLWWGDVVFKZHUH6FKOHXVHQVFKRWWDXI :HQLJH.LORPHWHUVGOLFKGHU6WDGWEHUKROWHQVLHLQJHULQJHU+|KHGHQ7UHFNGHU%UJHU YRQ%HOH]LQGH6LHZDUHQHLQGHXWLJDXIGHP:HJ]XP/DQGHSODW]GHU%52205,'(5(LQ SDDU 0LQXWHQ VSlWHU ODQGHWHQ GLH VHFKV *OHLWHU LQ XQPLWWHOEDUHU 1lKH GHV 5DXPVFKLIIV (V ZDU DXI GHU .XJHO]HOOH HLQHU DOWHQ .DXOTXDSSH DXIJHEDXW XQG KDWWH HLQHQ 'XUFKPHVVHU YRQ VHFK]LJ0HWHUQ ª:LHODQJHKDEHQZLU=HLW6XQLN"©IUDJWH%HNNHU ª(WZDVEHUHLQH6WXQGHELVGLH9RUKXWKLHUDQNRPPW© ª*XW'RNWRUPDFKHQ6LHVLFKDQV:HUN© 'LH 5RERWHU ZDUHQ GHP $U]W EHKLOIOLFK GLH .LVWH PLW GHU ,QVHNWHQ]XFKW DQ %RUG ]X EULQJHQ 'HU %HKlOWHU ZXUGH LQ HLQHP NOHLQHQ /DJHUUDXP DXI HLQHP GHU XQWHUVWHQ 'HFNV XQWHUJHEUDFKW'DV]HQWUDOH%HOIWXQJVV\VWHPGHU%52205,'(5ZDUVRSUlSDULHUWZRUGHQ GDVVHVGHQ,QVHNWHQZHQQGLH.LVWHHUVWHLQPDOJH|IIQHWZDUQLFKWVFKZHUIDOOHQZUGHVLFK GXUFK GDV JDQ]H 5DXPVFKLII DXV]XEUHLWHQ 6XQLN LQVSL]LHUWH XQWHUGHVVHQ GDV ]HQWUDOH 6FKDOWV\VWHPGHU%52205,'(5$OVHU]XGHP*OHLWHU]XUFNNHKUWHZR

VLHZLHHVDQ%RUG]XJLQJ$FKWWDXVHQG0lQQHUXQG)UDXHQKDWWHQHVHQGOLFKIHUWLJJHEUDFKW LQGHPNOHLQHQ5DXPVFKLII3ODW]]XILQGHQ6LHNDPSLHUWHQDXI*lQJHQXQGLQ/DJHUUlXPHQ DXIGHU6RKOH YRQDXVJHVFKDOWHWHQ $QWLJUDYVFKlFKWHQ XQGLQGHQ)lFKHUQYRQ 5HJDOHQ 'HU NOHLQH .RPPDQGRVWDQG EHKHUEHUJWH HLQH %HVDW]XQJ YRQ PHKU DOV HLQKXQGHUW 0DQQ (V ZDU VFKZHU]XHUNHQQHQZHUYRQGLHVHQVLFKDQGHU$VWURJDWLRQEHWHLOLJHQVROOWHXQGZHUGRUWQXU 4XDUWLHUJDVWZDU 'LH 1DFKW KDWWH HLQJHVHW]W $XI GHP %LOGVFKLUP ZDU ]X VHKHQ GDVV LP .RPPDQGRVWDQG HLQLJH/HXWHEHPKWZDUHQIU2UGQXQJ]XVRUJHQ'LH0HQJH ZLFK YRQ GHU 5HLKH GHU 6FKDOWSXOWH ]XUFN (LQLJH 0lQQHU XQG )UDXHQ QDKPHQ LQ GHQ 6HVVHOQ KLQWHU GHQ 3XOWHQ 3ODW] 0DQ VDK ZLH VLH GLH 6HTXHQ] GHU ,QVWUXPHQWHQWHVWV GXUFKH[HU]LHUWHQ6LHKDWWHQXQWHUGHP(LQIOXVVGHU4XDSD[QLFKWVYRQLKUHQDVWURQDXWLVFKHQ .HQQWQLVVHQYHUORUHQ 'DQQ ZXUGH GHU $XWRSLORW DNWLYLHUW hEHU ,QWHUNRP ZDU ]X K|UHQ ZLH YHUNQGHW ZXUGH GDVV GHU 6WDUW LQ ]ZHL 0LQXWHQ HUIROJHQ ZHUGH 'LH ]ZHL 0LQXWHQ YHUVWULFKHQ DEHU GLH %52205,'(5 UKUWH VLFK QLFKW 9HUZLUUXQJ HQWVWDQG LP .RPPDQGRVWDQG 'HU $XWRSLORW ZXUGHJHSUIWDOVIXQNWLRQVIlKLJEHIXQGHQXQGHLQ]ZHLWHV0DODNWLYLHUW$EHUDXFKGLHVPDO EHZHJWHVLFKGDV5DXPVFKLIIQLFKW %HVWU]XQJPDFKWH VLFKDQ%RUG GHU %52205,'(5EUHLW 'LH $VWURQDXWHQHUKREHQ VLFK YRQLKUHQ6LW]HQXQGEHJDQQHQPLWHLQDQGHU]XGLVNXWLHUHQ6LHNRQQWHQHVQLFKWYHUKLQGHUQ GDVVDXFKGLHlQGHUQGLHQLFKWVYRQ$VWURQDXWLNYHUVWDQGHQVLFKHLQ]XPLVFKHQEHJDQQHQ,P +DQGXPGUHKHQ HQWVWDQG HLQ ZVWHV 'XUFKHLQDQGHU 'DV ZDU GHU =HLWSXQNW DXI GHQ

5FNVLFKWQDKPHPHKU-HGHUNlPSIWHQXUQRFKIUVLFKVHOEVW'DV*HVFKUHLGDVDXVGHP /DXWVSUHFKHUGHV(PSIlQJHUVGUDQJZDURKUHQ]HUUHLHQG(LQSDDU$XJHQEOLFNHODQJODJGHU .RPPDQGRVWDQGOHHUXQGYHUODVVHQ²ELVDXIGLHUHJORVHQ.|USHUHLQSDDU%HZXVVWORVHUGLH GHUIOFKWHQGHQ0HQJH]XP2SIHUJHIDOOHQZDUHQDEHUVFKRQQDFKNXU]HU=HLWNHKUWHQGLH 0HQVFKHQLQZLOGHU3DQLN]XUFN6LHKDWWHQIHVWJHVWHOOWGDVVGLH)OLHJHQEHUDOOZDUHQGDVV HVNHLQ$XVZHLFKHQYRULKQHQJDE 'LH=HLW]XP(LQJUHLIHQZDUJHNRPPHQ

(UEUDXFKWHQLFKWZHLWHU]XVSUHFKHQ(LQ%OLW]YRQXQEHVFKUHLEOLFKHU*UHOOKHLW]XFNWHGXUFK GLH 1DFKW )U GHQ %UXFKWHLO HLQHU 6HNXQGH ZDU GLH *HJHQG ULQJV XP GHQ 5DXPKDIHQ LQ VFKPHU]HQGH +HOOLJNHLW JHWDXFKW

ZUGH )DVWGUHL:RFKHQZDUHQYHUJDQJHQ'DV/HEHQDXIGHU6LHGOHUZHOWKDWWHVLFKQRUPDOLVLHUW 'LH 4XDSD[ )DOOHQ ZDUHQ HLQ SDDU 0DO JHOHHUW ZRUGHQ ² DXI GLHVHOEH :HLVH ZLH LQ MHQHU 1DFKW DOV PDQ GLH %52205,'(5 DXI LKUHQ OHW]WHQ )OXJ YRUEHUHLWHWH XQG GLH JUHOOHQ %OLW]HZDUHQZLHGLH)DQDOHHLQHUQHXJHZRQQHQHQ)UHLKHLW 'HU JHKHLPQLVYROOH 8QEHNDQQWH DEHU KDWWH VLFK QRFK LPPHU QLFKW JHPHOGHW 0LW MHGHP YHUVWUHLFKHQGHQ7DJZXFKVXQWHUGHQ6LHGOHUQGLHhEHU]HXJXQJGDVVHUVHLQH$EVLFKWHQDXI 1HXIIXQDXIJHJHEHQKDEHXQGGLHVPDOWUDWDXFK

JHJULIIHQ VLH MHGRFK QLFKW JH]RJHQ (V VFKLHQ XQP|JOLFK GDVV GHU $OWH LKP JHIlKUOLFK ZHUGHQN|QQWH ª%LVWGXGHU0DQQGHUKLHU]XEHVWLPPHQKDW"©IUDJWHGHU(LQVLHGOHUPLWGXPSIHU6WLPPH ª-D©EHVWlWLJWH9DOPDU ª6RKDEHLFKGLUHLQH%RWVFKDIWDXV]XULFKWHQ© ª9RQZHP"© 'HU $OWH WDW DOV KDEH HU GLH )UDJH QLFKW JHK|UW 6HLQH 6WLPPH KDWWH SO|W]OLFK HLQHQ JDQ] DQGHUHQEHLQDKHIHLHUOLFKHQ.ODQJDOVHUHUNOlUWH ª,FKNDSLWXOLHUH,KUKDEWYRQPLUQLFKWVPHKU]XEHIUFKWHQ© ª1HXPDQQ©VFKULH0HUZLQDDXI 'DQQJHVFKDKHWZDV5lWVHOKDIWHV(VVDKDXVDOVKDEHGHU(LQVLHGOHUSO|W]OLFK]XTXDOPHQ DQJHIDQJHQ'DPSIVWLHJYRQLKPDXIVDPPHOWHVLFKEHUVHLQHP+DXSWXQGIRUPWHVLFK]X GHP JU|WHQ OHXFKWHQGVWHQ 4XDSD[ GHQ

$OV3(55<5+2'$17DVFKHQEXFK1UHUVFKHLQW 'LH0RQGGLHEH 6LHSODQHQGHQ&RXSGHV-DKUWDXVHQGV²/XQDVROOJHUDXEWZHUGHQ (LQXWRSLVFKHU.ULPLQDOURPDQYRQ+*(:(56 ª5HJLQDOG %XOO VWXW]WH XQG ODXVFKWH (WZDV VWLPPWH QLFKW (U GDFKWH DQ VRIRUWLJH )OXFKW ]|JHUWHDEHUZHLOHU$OLFHPLWGHU*HIDKUGLHHUGHXWOLFKVSUWHQLFKWDOOHLQODVVHQZROOWH 'DV ZXUGH LKP ]XP 9HUKlQJQLV (U VDFNWH SO|W]OLFK ]XVDPPHQ ILHO DXI GHQ 6HVVHO XQG EOLHE PLW YHUUHQNWHQ *OLHGHUQ OLHJHQ 'HQ 0DQQ GHU LKP DXIV +DDU JOLFK QDKP GHU 6WDDWVPDUVFKDOOQLFKWPHKUZDKU© (LQH JHQLDOH (UILQGXQJ ZLUG YRQ HLQHP 9HUEUHFKHUV\QGLNDW GD]X PLVVEUDXFKW GHQ 'LHEVWDKO GHV 0RQGHV HLQ]XOHLWHQ 'LH 9HUEUHFKHU ZROOHQ VLFK LQ GHQ %HVLW] GHU /XQDUHQ ,QSRWURQLN1$7+$1VHW]HQXP0DFKWEHUGDV6RODUH,PSHULXP]XHUODQJHQ (LQHLQ]HOQHU0DQQGXUFKVFKDXWGDV.RPSORWWXQGYHUVXFKWLP$OOHLQJDQJGLH9HUEUHFKHU ]X HQWODUYHQ 8QG GDPLW EHJLQQW HLQ :HWWODXI PLW GHU =HLW ² HLQ DEHQWHXHUOLFKHU .DPSI GHVVHQ$XVJDQJEHU7RGXQG/HEHQYRQ0LOOLRQHQ0HQVFKHQHQWVFKHLGHQVROO