121
9T*6<:./0'/O3+<04.3/1-+'*04364(:4-)*4.3/3.C*'//1-2'3+45)647-S/
'RFHQFLD \ 'LVHxR & ( , , ' ' ˫
2012
Contacto:
,'-02/2$'&1
X%F&)"&Y"$6$&U+6A0##%&I"+-(-)"*
Z"#"-"&K(,6-(&[(#0-)%
11?"/OMQLUI!&L/MO!&IM
/
;-%&)"&#%$&36-/%$&@6"&-%$&$"=(#(&#(&6+,"-40(&)"#&(E%+)(A"&)"$)"&#%$&4(.3%$&)"&
#(&(+@60/"4/6+(&8&#(&6+E(-9$/04(>&"$&#(&)"&+"3"-$(+&#(&406)()&3(+(&+%.3"+&4%-&#%$&
"-7%@6"$&7+(,."-/(#0$/($>&7%+.(#0$/($>&.%-6."-/(#0$/($&%&."+(."-/"&"4%-%.040$H
/($>&)"&/(#&.(-"+(&@6"&(36-/"&B(40(&6-(&4%-4"3405-&)"&#(&406)()&4%.%&"$3(40%&)"&
3+%)64405-&-%&(#0"-()(>&4%.%&4%-4"-/+(405-&8&3($%&)"&7#6A%$&)"&"-"+,9($&"-&#(&
EJ$@6")(&)"&$6&$6$/"-/(E0#0)()>&4%.%&$0/0%&)"&#(&(6/%,"$/05-&406)()(-(>&4%.%&
3(/+0.%-0%&101%&-%&$",+",()%+&8&.?$&0,6(#0/(+0%>&"-&70->&4%.%&$0/0%&3%$0E#"&)"&#(&
0.(,0-(405-&8&"#&)"$"%C&
K%&(-/"+0%+&36")"-&"-4(.0-(+$"&(&/+(1F$&)"&#%$&3+%8"4/%$&6+E(-%$&(6/%,"$/01%$&8&
)".%4+?/04%$&@6"&(/0"-)(-&#($&-"4"$0)()"$&)"&#(&3%E#(405->&+"(#0*(E#"$&B(40(&"#&
0-/"+0%+&)"&#(&406)()>&@6"&$"(-&(3+%30()%$&8&(3+%30(E#"$&(&#%$&)07"+"-/"$&,+63%$&
$%40(#"$&@6"&0-/"+1"-)+?-&"-&"#&3+%4"$%&)"&4%-$/+64405-&B0$/5+04(&)"&#(&406)()&8&-%&
$5#%&)"&+")640)%$&,+63%$&)"#&3%)"+&"4%-5.04%&8&3%#9/04%C&
I(40(&6-&3+%8"4/%&)"&4%-A6-/%&)"&#(&406)()C
:$/%&$0,-0704(&"-&3+0."+(&0-$/(-40(&#(&7%+.6#(405-&)"&6-&3+%8"4/%&)"&4%-A6-/%&3(+(&
#(&406)()&@6"&0.3#0@6"&)01"+$($&%+0"-/(40%-"$&/(#"$&4%.%&#(&4%-$0)"+(405-&)"&F$/(&
4%.%&6-&R\4%-A6-/%&)"&$0$/".($&(E0"+/%$>&)"&-(/6+(#"*(&)01"+$0704()(>&"-&"#&@6"&
$"(&3%$0E#"&#(&4%B"+"-40(&)"&/"-$0%-"$&"-/+"&6-&/%)%&4($0&0-/",+()%&8&6-($&3(+/"$&
)07"+"-40()($S& NM"+-?-)"*& Q#E(>& ]^_`>& 3C& ]abH]a`Oc& )"& 0,6(#& .%)%& +"$6#/(&
0-"#6)0E#"&#(&4%.3+"-$05-&)"#&7"-5."-%&6+E(-%&"-&$6&)0."-$05-&.")0%(.E0"-/(#>&
)()%&@6"&F$/"&-%&36")"&RCCC"-/"-)"+$"&$0-&6-(&().0-0$/+(405-&4%B"+"-/"&)"&#%$&
$0$/".($& )"& "-"+,9(& @6"& #(& 4%-$/0/68"-C& Z6& 7%+.(& N3#(-0704(405-& 79$04(& )"#&
(.E0"-/"O>& -%& 36")"& +"3+%)640+$"& $0-& 6-(& 0-/"+3+"/(405-& ()"46()(& )"& $6$&
"-"+,9($& 76-)(."-/(#"$G& P%10.0"-/%& N/+(-$3%+/"O>& !(.E0%& N%463(405-& 8&
+"-%1(405-&)"#&$6"#%&6+E(-%O&8&#(&3+%,+(.(405-&)"#&4%-$6.%&)"&#%$&.(/"+0(#"$&
"-"+,F/04%$&-%&+"-%1(E#"$CS&NM"+-?-)"*&Q#E(>&]^_`>&3C&^bOC&
T%+&4%-$0,60"-/">&#(&406)()&-%&36")"&$"+&"-/"-)0)(&8(&4%.%&6-(&7%+.(&)"&0-70-0/%&
4+"40.0"-/%>& 4%.%& $0& #($& #0.0/(40%-"$& "$3(40%H/%3%,+?704($& 76"$"-& #($& J-04($&
4%-)040%-(-/"$& (& 4%-$0)"+(+>& $"& )"E"& "-/"-)"+& /(.E0F-& @6">& 6-(& 3"+$3"4/01(&
76-)(."-/(#&3(+(&"#&)"$(++%##%&)"&#(&406)()&"$&#(&)"&$6&10(E0#0)()&"-&/F+.0-%$&)"&
#%$& 6$%$& "-"+,F/04%$& @6"& $"& B(##(-& 0.3#940/%$& "-& $6& 76-40%-(.0"-/%>& -%& 36")"&
1(#0)(+$"&"-&/F+.0-%$&$%40(#"$&8&)"&6-(&#5,04(&40"-/9704(>&/(-/%&)"++%4B"&8&)"$3"+)0H
40%&"-"+,F/04%>&4%.%&$0&"$/%$&76"$"-&0-70-0/%$&8&-%&36)0"+(-&46"$/0%-(+&#(&3+%30(&
"20$/"-40(&)"#&$"+&"-&"#&3#(-"/(&8&#(&4%-101"-40(&"-&#(&406)()>&"$&)"40+>&$"&-"4"$0/(-&
.")0+&#%$&(#4(-4"$&"-"+,F/04%$&)0$3%-0E#"$&8&3+%,+(.(+#%$&3(+(&#($&,"-"+(40%-"$&
@6"&1"-)+?-C&
:$/(& /+(-$7%+.(405-& "-& #($& 7%+.($& )"& 6$%& B(40(& %/+($& .?$& +(40%-(#"$& 8&
4%.3+%."/0)($&4%-&"#&.")0%&-(/6+(#&0.3#04(&"-&"$"-40(&#(&4%-$/0/6405-&)"&6-(&
-6"1(&46#/6+(&406)()(-(&%&4%.%&)04"&M"+-?-)"*&Q#E(>&6-(&-6"1(&70#%$%79(&)"&#(&
406)()C&:$/(&0.3#04(+9(&-"4"$(+0(."-/"&#(&+")64405-&)"&-6"$/+(&)"3"-)"-40(&)"&
#%$& +"46+$%$& -%& +"-%1(E#"$& 8& #(& +")64405->& +"6/0#0*(405->& "#& +"404#(A"& 8& #(&
4%-$"+1(405-&)"&#(&"-"+,9(&4%.%&6-(&(4/0/6)&4%-$/(-/"&"-&-6"$/+(&7%+.(&)"&10)(&
3(+(&"#&4%-$6.%C&
T"+%&"$/(&0)"(&)"&%3/0.0*(405-&)"&#%$&+"46+$%$&"20$/"-/"$&8&"#&+"404#(A"&)"&(@6"##%$&
$6$4"3/0E#"$& )"& $"+#%>& 36")"& 8& )"E"& (3#04(+$"& /(.E0F-& (& (@6"##%$& %/+%$& )"& #%$&
4%.3%-"-/"$&.?$&#0,()%$&(&#($&)"70-040%-"$&)"&#(&7%+.(&8&#(&0.(,"-&)"&#(&406)()c&
"$/(&0)"(&)"#&+"404#(A"&8&#(&+"6/0#0*(405-&)"E"&(3#04(+$"&4%-&6-&"-7%@6"&
,#%E(#0*()%+&RCCCB(40(&"#&+"3(+/%&)"#&$6"#%&8&#(&6$6+3(405-&)"#&"$3(40%>&/"-)+?&@6"&
$"+&(E%+)()%&3%+&#(&().0-0$/+(405-&)"&#(&,"$/05-&6+E(-(>&4%-70,6+(-)%&3+?4/04($&8&
3%#9/04($&406)()(-($&@6"&3"+.0/(-&"#&6$%&+","-"+(/01%&)"&#%$&"$3(40%$&(E(-)%-(H
)%$&8&)"&#($&3+%30")()"$&+"$"+1()($CS&NM"+-?-)"*&Q#E(>&]^_`>&3C&]]dOC&
&
WDeUUV>&K60$C&
*+,-(./0,0-1232-4516.7/6,8-9,-4516.7/6,-04-9,-1./0,0
S&"-&!e;<Q<&f&
P:PVDeQC&PF204%>&!%-$"A%&3(+(&#(&!6#/6+(&)"&X6"1%&K"5->&]^^`>&3C&]gHhhC&
&
<:&[QD!iQ>&M+(-40$4%C&
(%":#$'!$-;"-+%-(%":#$'!&%
C&P()+0)>&X"+"(>&]^^dC&
&
M:DXjX<:k&QKWQ>&Q-/%-0%C&
;"-+<:-=$<&<:-&;-;>!&<'$%
C&P()+0)>&:)040%-"$&
K0E"+/(+0($>&]^_`C&
&
K:M:W'D:>&I"-+0C&
;+-&;$;(?%-<-+<-(!'&<&
C&lm&")0405->&W(+4"#%-(>&:)040%-"$&
T"-9-$6#(>&]^`_C&
@!@+!%=$<AB<-(%":'+#<&<C
Q)".?$&B(E+?&)"&/%.(+&"-&4%-$0)"+(405-&(#&."-%$&)%$&%+0"-/(40%-"$&.?$C&K(&
3+0."+(&)"&"$/($&"$/?&+"7"+0)(&(&#(&-"4"$0)()&)"&"-/"-)"+&"$/"&3+%8"4/%&)"&6-(&
.(-"+(&.?$&(E0"+/(>&"$&)"40+>&(&#(&4%.3+"-$05-&"7"4/01(&)"&@6"&#(&406)()&"$&6-(&
4%-$/+64405-&4%#"4/01(>&/(-/%&"-&#%&+"7"+0)%&(&$6$&"$3(40%$&B(E0/(40%-(#"$>&
(E0"+/%$&"&0-7+("$/+64/6+(>&"-&$9-/"$0$>&(&$6&"$/+64/6+(&79$04(>&4%.%&+"$6#/()%&)"&6-&
#(+,%& 8& )"4(-/()%& 3+%4"$%& 4%#"4/01%& )"& (46.6#(405->& @6"& $"& 10"-"& "7"4/6()%&
)6+(-/"&$0,#%$>&4%.%&(#&$"-/0)%&.?$&3+%76-)%&)"#&4%-4"3/%&406)()&@6"&-%$&+".0/"&
(#&B"4B%&)"&@6"&$0-&#($&3+?4/04($&$%40(#"$&0-B"+"-/"$&F$/(&4(+"4"&)"&$"-/0)%>&#%&@6"&
"$&#%&.0$.%>&@6"&-%&B(8&406)()&$0-&$6&4%.3%-"-/"&B6.(-%C&
<"&/(#&7%+.(&@6"&-%&"$&3%$0E#"&8(&4%-$0)"+(+&#($&4%-@60$/($&8&(1(-4"$&/"4-%#5,0H
4%$&)"&#(&$%40")()&(4/6(#&4%.%&3(/+0.%-0%&"24#6$01%&)"&#%$&,+63%$&@6"&,"$/0%-(-&
"#& 3%)"+>& @60"-"$& 4+""-& /"-"+& #(& 4(3(40)()& )"& .(-"A(+& (@6"##%$& )"& 7%+.(&
(6/%+0/(+0(&8&(&$6&(-/%A%>&"-&76-405-&)"&$6$&0-/"+"$"$>&$0-&0.3%+/(+&#%$&0.3(4/%$&
)"3+")()%+"$&$%E+"&#(&-(/6+(#"*(>&#(&4(#0)()&)"&10)(&)"&#%$&B(E0/(-/"$&8&$%E+"&/%)%&
)"& $6$& +($,%$& 0)"-/0/(+0%$C&Q$9& #(& 406)()& -%& 36")"& $"+& 3"-$()(& $5#%& 3%+& #%$&
"$3"40(#0*()%$&,+63%$&/F4-04%$>&($9&$"(-&#%$&)"&#(&3#(-0704(405-&8&"#&)0$"=%&6+E(-%>&
#(&0)"(&)"&406)()&-(4"&%&)"E"&B(4"+#%&)"&6-&3+%8"4/%&4%#"4/01%C&
:$/"&3+%4"$%&)"&4%-$/+64405-&4%#"4/01(&+"@60"+"&)"&#(&4%-46++"-40(&)"&.J#/03#"$&
(3%+/(40%-"$>&/(-/%&$%40(#"$&4%.%&40"-/9704($&8&(+/9$/04($>&@6"&$"&4%-10"+/(-&"-&
.(/"+0(#"$&3(+(&RCCC4%-$/+60+&4%-&)"4%+%&#%$&"$3(40%$&)"&#(&406)()CS&NM"+-?-)"*&
Q#E(>&]^_`>&]]hO&
P64B%&.?$&(B%+(&@6"&$"&(10*%+(&8(&#(&+63/6+(&)"#&3+%8"4/%&.6-)%&@6"&B(&,60()%&
#($&)0+"4/+04"$&)"&#(&3%$.%)"+-0)()&,#%E(#0*()(&8&"-&#(&@6"&#(&,(-(-40(&"-&/%)%$&
#%$&($3"4/%$&)"&#(&10)(&6+E(-(&$"&B(&4%-$0)"+()%&"#&".E#".(&)"&46(#@60"+&,"$/05-&
$"(& )"& 0*@60"+)(& %& )"+"4B(>& 3+"/"-)0"-)%& 0,-%+(+& @6"& "$%$& )0+"440%-(.0"-/%$&
.(-/0"-"-&(#&0-70-0/%&#($&)"$0,6(#)()"$&$%40(#"$&4%-&$6$&"$/"#($&)"&.0$"+0(C&&
K(&$",6-)(&)"&"##($&-%$&$"=(#(&"#&4(+?4/"+&6+,"-/"&)"&#(&+"10$05-&)"&#%$&3+%4"$%$&
)"&3+%8"4/(405-&)"&#(&406)()>&)()%$&#%$&+"$6#/()%$&%E/"-0)%$&"-&$6&4%-A6-/%c&4%-&
"##%&$"&3+"/"-)"&(/"-6(+&%&4%++",0+&#%$&7+(,."-/(+0%$&+"$6#/()%$&)"+01()%$&)"&#(&
R\4%-4"3405-&)"&#(&406)()&4%.%&6-&4J.6#%&)"&(3+%20.(40%-"$&
(&#6,(+"$&0-1"+/"E+()%$&@6"&"24#68"&(#&406)()(-%&8&#"&0-4(3(40/(&3(+(&"#&)"$(++%##%&
)"&$6&7%+.(&)"&10)(&4%.6-0/(+0(&8&3+01()(&8&#%,+(+&7%+.(#0*(40%-"$&"$3(40(#"$&@6"&
3"+.0/(-&0-/",+(+&#($&-6"1($&%340%-"$&/"4-%#5,04($&7+"-/"&(#&.")0%&-(/6+(#>&4%-&6-&
/(#(-/"& )"& $0.E0%$0$& -%& )"$/+64/%+CS& NM"+-?-)"*&Q#E(>& ]^_`>& 3C& ]]dH]]hOC& T%+& #%&
/(-/%&+"463"+(+&#(&0)"(&)"&406)()&0.3#04(+9(&"-/"-)"+#(&-%&4%.%&6-&."+%&"$@6".(&
7%+.(#&H/(+"(&+"(#0*(E#"&)"$)"&6-(&."$(&)"&)0E6A%&(/+0-4B"+()%$&"-&#%$&+"$@6040%$&
)"&#(&,"%."/+9(&%&"#&4?#46#%&"4%-5.04%H&$0-%&4%.%&6-&"$3(40%&"-&"#&@6"&(J-&"$&
3%$0E#"&#(&4%-101"-40(>&#(&"@60)()&8&#(&3(+/0403(405-&3JE#04(C&
:$/%&$0,-0704(+9(&/(.E0F-&#(&$63"+(405-&/(-/%&)"&#(&3"+1010"-/"&7(#(40(&76-40%-(#0$/(&
4%.%&)"&(@6"##($&%/+($&)"+01()($&)"&#%$&"7"4/%$&.?$&)",+()()%$&)"&#(&)0?$3%+(&
3%$.%)"+-(&@6"&$"&B(##(&$0,-()(&3%+&3+%76-)($&/+(-$7%+.(40%-"$&"-&#($&7%+.($&
)"& 4%-$/+64405-& )"& #(& +"(#0)()>& "-/"-)0)(& 4%.%& 6-(& $"+0"& 0-/"+.0-(E#"& )"&
"$4"-%,+(79($&3+"$"-/()($&3(+(&"#&"$3"4/?46#%&.")0?/04%H.6$"9$/04%&(&/+(1F$&)"#&
0-/"+4(.E0%& )"& #($& 3+"7"+"-40($& .%+7%#5,04($>& "$/0#9$/04($& %& /03%#5,04($& )"& #(&
(+@60/"4/6+(>& .?$& @6"& 3(+(& #(& 101"-40(& )"#& $"+& B6.(-%& 8& .?$& (J-& )"& #($&
+"(#0*(40%-"$&)"&6-&3+(,.(/0$.%&"2(#/()%+&)"&#(&,(-(-40(&@6">&"-&6-&A6",%$&)"&
"$3"A%$>& B(& 4%-1"+/0)%& "-& 30"*(& $6$/0/60E#"& #%$& "-/+(.()%$& )"& #(& 406)()& (#& $"+&
"-/"-)0)(&4%.%&+"$"+1(&/"++0/%+0(#&6&%3%+/6-0)()&)"&+"0-1"-/(+&#(&406)()&$",J-&"#&
$6"=%&)"&#(&3+%.%405-&0-.%E0#0(+0(&3+01()(C
111?"/I/DI!OHI/&O/9L!9@KM1L!OM
&
!%.%&36")"&%E$"+1(+$"&-%&3#(-/"(.%$&@6"&#(&+"463"+(405-&)"&#(&406)()&3(+(&#(&
10)(&)0,-(&)"&$6$&B(E0/(-/"$&4%-$/0/68(&6-(&/(+"(&7?40#>&)()%&@6"&"$/?&0-$"+/(&"-&6-&
4%-A6-/%&)"&)"/"+.0-(40%-"$&@6"&+"E($(-&"#&+")640)%&"$3(40%&)"&#%$&)0$"=()%+"$&
8&#($&%7040-($&)"&,%E0"+-%&"&0.3#04(-&#(&/%.(&)"&)"40$0%-"$&8&#(&)"70-0405-&)"&6-&
3+%8"4/%&)0$/0-/%&)"&406)()&"-&"#&@6"&#%$&,+63%$&$%40(#"$&/610"$"-&6-&3(3"#&.64B%&
.?$&(4/01%&8&)"40$%+0%C&
&
Z0-&".E(+,%>&#%&"23+"$()%&"-&"$/"&/+(E(A%&-%&$0,-0704(&6-&##(.()%&(&#(&0-(4405->&
.?$&E0"-&(&#(&6+,"-40(&)"&+"3"-$(+&#(&406)()&"-&#9-"($&@6"&36")(-&%+0"-/(+&#%$&
3+%4"$%$&)"&4(.E0%&"-&)0+"440%-"$&46(#0/(/01(."-/"&)0$/0-/($C&f&"-&6-&$"-/0)%&.?$&
3"+$%-(#&0.3#04(+9(&6-&+"4#(.%&$%E+"&"#&)"+"4B%&(&$%=(+&4%-&6-&"$3(40%&10/(#&.?$&
B6.(-%>&4%-&."-%$&)"$0,6(#)()&$%40(#&8&.(8%+"$&/%#"+(-40($>&4%.%&".30"*(&(&
(36-/(+$"&8(&"-&"$/"&4($%&8&6-&##(.()%&)"&(/"-405-&$%E+"&#(&-"4"$0)()&)"&#(&
4%-46++"-40(&)"&#%$&406)()(-%$&"-&#(&)"70-0405-&)"&#%$&($3"4/%$&@6"&/0"-"-&@6"&1"+&
4%-&$6&10)(&4%/0)0(-(C&
T6"$/%&@6"&4%.%&-%$&)04"&K60$&W+0//%&RK(&406)()&-%$&$"3(+(&)"#&%+)"-&-(/6+(#&8&#"&
70A(&#9.0/"$G&$6+,0)(&)"&#(&"$4+0/6+(>&"##(&.0$.(&"$&"-/%-4"$&6-&/"2/%C&X()(&B(8&"-&
"##(&@6"&-%&B(8(&$0)%&3+0."+%&0)"(G&-()(&@6"&-%&B(8(&3($()%&3%+&#(&.")0(405-&)"#&
$0,-%C& K(& 406)()& "$& #(& 4(#0,+(79(& /+0)0."-$0%-(#& .")0(-/"& #(& 46(#& #(& 4010#0*(405-&
0-$4+0E"&$6&)0$46+$%C&I(E0/(.%$&6-(&"$4+0/6+(&$5#0)(>&@6"&0-7(/0,(E#"."-/"&B(E#(&(&
-6"$/+%$& 40-4%& $"-/0)%$C& !06)()(-%& "$& (@6F#& @6"& 4%.3+"-)"& "$"& .0$/"+0%$%&
#"-,6(A"&8&#%&)016#,(CS&
1...,110,111,112,113,114,115,116,117,118,119 121,122,123,124,125,126,127,128,129,130,...237