THE LE S XU - cloudfront.net

We hope to have demonstrated in these pages
that the LS Series offers an entirely new and
exciting driving experience. But there's only one
way to really feel its pure driving pleasure - and
that's to get behind the wheel and try it for
yourself. Visit your nearest Lexus Centre to
arrange a test drive.
For more information and the location of your
nearest Lexus Centre, please visit our website at
www.lexus.co.uk or call 0845 129 5484.
Toyota (GB) PLC
Lexus Division
Tel: 0845 129 5484
[email protected]
END-OF-LIFE VEHICLES
Taking care of the environment is a priority for
Lexus. We are working to ensure that during the
life cycle of our vehicles - from design,
production, distribution, sales and service to
end-of-life - their environmental impact is
minimised. For more detailed information on
environmental performance please visit
www.lexus.co.uk
Please note while every effort is made to reproduce
accurate information, we reserve the right to change
specifications, equipment and availability without prior
notice. The brochure cannot be regarded as infallible
(the car shown is left-hand drive) and as such does not
constitute an offer for sale of the particular car shown.
Information in this brochure was correct at time of going
to press.
THE LEXUS
LS SERIES
K?<GLIJL@K
F=G<I=<:K@FE
N\[\Z`[\[k_Xkk_\CJdljkY\XZi\Xk`m\[\gXikli\]ifdk_\
kiX[`k`feXcefid%N\n\i\X`d`e^]fiXm\_`Zc\k_Xk`ji\dXibXYcp
X[mXeZ\[p\kn_`Z_Xcjf_Xjjkife^Xgg\XcXkXj\ejfipXe[
\dfk`feXcc\m\c%ÆDFI@K8B8PFJ?@;8#:?@<=<E>@E<<I
FliX`dXkC\olj`jkfgifm`[\fliZljkfd\ijn`k_nfic[$ZcXjjm\_`Zc\jXe[nfic[$ZcXjjZljkfd\i
j\im`Z\#Xe[n\Xi\[\\gcpZfdd`kk\[kf]`e[`e^Y\kk\inXpjf]XZ_`\m`e^k_`j%N\lj\k\Z_efcf^p
Xe[`ej`^_kkf`eefmXk\#kfi\]`e\Xe[kfglj_Yfle[Xi`\j%N\Xcjfjki`m\kfg\i]\Zkflii\cXk`fej_`g
n`k_fliZljkfd\ij#ZfejkXekcpj\\b`e^X[\\g\ile[\ijkXe[`e^f]k_\`ie\\[j%
@EKIF;L:@E>
K?<CJJ<I@<J
K_\C\oljCJJ\i`\ji\[\]`e\jk_\clolipjXcffe#XZ_`\m`e^i\mfclk`feXipX[mXeZ\j`e
g\i]fidXeZ\#[i`m`e^[peXd`ZjXe[jX]\kp%9p]lj`e^k_\dfjkX[mXeZ\[k\Z_efcf^pXe[
dXjk\iZiX]kjdXej_`gn`k_[\j`^eXik`jkip#k_\CJZi\Xk\jXelei`mXcc\[[i`m`e^\og\i`\eZ\%
8jk_\dfjk\dfk`m\\ogi\jj`fekf[Xk\f]fli[`jk`eZk`m\C$]`e\jj\[\j`^ecXe^lX^\#
k_\CJ`j\c\^Xekp\k`eki`^l`e^#Yfc[p\kle[\ijkXk\[%8e[Y\e\Xk_k_\Xgg\Xc`e^\ok\i`fi
k_\i\`jXe\hlXccp`dgi\jj`m\nfic[f]\e^`e\\i`e^Yi\Xbk_ifl^_j#Y\^`ee`e^n`k_Xjdffk_
p\kZfddXe[`e^M/\e^`e\Xe[k_\gfn\i]lcC\olj?pYi`[;i`m\jpjk\d%
Jlg\i`fii`[\hlXc`kp_XjXcnXpjY\\eX_XccdXibf]C\oljm\_`Zc\j#Xe[`ek_\CJn\kXb\
Xefk_\ijk\g]finXi[%8e\ndlck`$c`ebX`ijljg\ej`fejpjk\d#e\knfib\[n`k_`ek\cc`^\ek
m\_`Zc\[peXd`ZjXe[MXi`XYc\>\XiIXk`fJk\\i`e^#Zi\Xk\jXi`[\k_Xk`jX^`c\p\ki\]`e\[%
K_\CJJ\i`\jZfdgi`j\jk_\CJ-''_#k_\cfe^n_\\cYXj\CJ-''_CXe[k_\CJ+-'#
CJ+-'J<Xe[CJ+-'J<$C%K_\CJ+-'`jXcjfefnXmX`cXYc\n`k_k_\fgk`fef]
g\idXe\ek8cc$N_\\c;i`m\k\Z_efcf^p%
CJ-''_1
C<OLJ?P9I@;;I@M<
K_\CJ-''_nXjk_\]`ijkm\_`Zc\`ek_\nfic[kf]\Xkli\XM/g\kifc_pYi`[[i`m\kiX`e%
C\olj?pYi`[;i`m\#k_\i\jlckf](,p\Xijf]i\j\XiZ_Xe[[\m\cfgd\ek#^`m\jk_\
]cX^j_`gCJ-''_XelegXiXcc\c\[YXcXeZ\f]g\i]fidXeZ\Xe[\em`ifed\ekXc\]]`Z`\eZp%
C\olj?pYi`[;i`m\\eXYc\jk_\CJ-''_kf[iXngfn\i]ifdYfk_k_\g\kifc\e^`e\
Xe[Xe\c\Zki`Zdfkfi#Xe[j\Xdc\jjcpfiZ_\jkiXk\jk_\gfn\ii\jfliZ\jfepfliY\_Xc]%
K_\i\jlck`jXnfic[$c\X[`e^Yc\e[f]g\i]fidXeZ\#\]]`Z`\eZpXe[_lj_\[i\]`e\d\ek%
DXeX^\d\ekf]k_\gfn\ijfliZ\j`jjdffk_cp`ek\^iXk\[1n_\epfli\hl`i\gfn\i#
k_\g\kifc\e^`e\Xe[\c\Zki`ZdfkfiZfdY`e\]fiZ\jkf[\c`m\i`k%8kfk_\ik`d\jÆn_\e
pflËi\Zil`j`e^fiYiXb`e^#]fi\oXdgc\Æk_\\c\Zki`ZYXkk\ip`jZ_Xi^\[Ypk_\b`e\k`Z
\e\i^pk_Xk`efk_\im\_`Zc\jnflc[Y\nXjk\[Xj_\Xk%F]k\e#n_`c\pflXi\[i`m`e^Xk
_`^_\ijg\\[jn`k_k_\M/g\kifc\e^`e\gifm`[`e^dfjkf]k_\gfn\i#k_\YXkk\ipn`cc
XcjfY\Z_Xi^`e^%8kcfnjg\\[jÆ`eZ`kpkiX]]`Z#]fi\oXdgc\Ægfn\idXpZfd\jfc\cp
]ifdk_\\c\Zki`Zdfkfi%@kËjXcdfjkj`c\ekXe[Zfdgc\k\cp\d`jj`fej$]i\\%
CJ-''_1?P9I@;
G<I=FID8E:<
J\Xdc\jjcpZfdY`e`e^Xe\n,%'$c`ki\M/g\kifc\e^`e\n`k_X_`^_$flkglk\c\Zki`Z
dfkfiXe[XeX[mXeZ\[ZfdgXZkYXkk\ip#C\olj?pYi`[;i`m\gifm`[\jk_\CJ-''_
n`k_XdXo`dldZfdY`e\[gfn\iflkglkf]++,;@E_g%
K_\i\jlck`j`ejg`i\[g\i]fidXeZ\%8ZZ\c\iXk\]`idcpXe[pflËcc\og\i`\eZ\Xjkfe`j_`e^
c`e\Xigfn\i#ZXgXYc\f]XZ_`\m`e^'Æ-)dg_`e-%*j\Zfe[j%K_`j`jk_\b`e[f]gfn\i
pflnflc[\og\Zkf]XcXi^\i\e^`e\#p\kk_\CJ-''_[\c`m\ijk_\\ZfefdpXe[
\d`jj`fejf]X-$Zpc`e[\i\e^`e\%KfkiXej]\ijlZ_`dd\ej\gfn\in`k_`dg\ZZXYcp
i\]`e\[jdffk_e\jj#k_\m\_`Zc\]\Xkli\jg\idXe\ekXcc$n_\\c[i`m\%
<hlXccpi\dXibXYc\`jk_\jfg_`jk`ZXk`fen`k_n_`Z_gfn\i`j[\c`m\i\[kfXcc]fli
n_\\cj%8ZZ\c\iXk`fe`j\okiXfi[`eXi`cpjdffk_#n`k_efe\f]k_\aldgjY\kn\\e
^\Xijf]XZfem\ek`feXckiXejd`jj`fe%8e[#Xjpfli\Xijn`ccZfe]`id#k_\hl`\ke\jj
f]k_\ZXY`e`jlegXiXcc\c\[%
G\i]fidXeZ\
Jpjk\dgfn\i1
++,;@E_g*).bN 8ZZ\c\iXk`fe1'$-)dg_
'$(''bd&_ `e-%*j\Zfe[j
DXo%jg\\[1(,,dg_),'bd&_ \c\Zkife`ZXccpi\jki`Zk\[
:fdY`e\[]l\cZfejldgk`fe1
*'%+dg^0%*c&(''bd :fdY`e\[:F)\d`jj`fej1
)(0^&bd
CJ-''_1?P9I@;
K<:?EFCF>P
K_\CJ-''_ZfdY`e\jX,%'$c`ki\M/g\kifc\e^`e\n`k_X
_`^_$flkglk\c\Zki`Zdfkfi#X[mXeZ\[ZfdgXZkYXkk\ip#_pYi`[
kiXejd`jj`feXe[`ek\cc`^\ekGfn\i:fekifcLe`k
,%'$C@KI<M/G<KIFC<E>@E<
K_\,%'$c`ki\#Xcc$Xcld`e`ldM/\e^`e\`jk_\
]`e\jk\ogi\jj`fekf[Xk\f]C\oljgi\Z`j`fe
\e^`e\\i`e^jb`ccjXe[k_\kXc\ekjf]flidXjk\i
ZiX]kjg\fgc\%K_\gX`ejkXb`e^[\m\cfgd\ekf]
_`^_$i`^`[`kpZfdgfe\ekj#k_\fgk`dldYXcXeZ\
f]Xccdfm`e^gXikj#k_\d`e`d`jXk`fef]]i`Zk`fe
Xe[legi\Z\[\ek\[gi\Z`j`fef]Xjj\dYcpXcc
Zfeki`Ylk\kfk_\i\dXibXYc\i\]`e\d\ekXe[
hl`\kf]k_\CJ-''_%K_`j_`^_cpi\jgfej`m\le`k
[\c`m\ijfgk`dld\]]`Z`\eZpXkXcc\e^`e\jg\\[j%
GFN<I:FEKIFCLE@KG:L
K_\G:L`jk_\YiX`ef]k_\C\olj?pYi`[;i`m\
jpjk\d%EfcXi^\ik_XeXefidXcZXiYXkk\ip#
`kj\Xdc\jjcpXccfZXk\jk_\gfn\ii\jfliZ\jkf
[\c`m\ifgk`dld\]]`Z`\eZpXkXcck`d\j%K_\G:L
\ejli\jpfl^\kXcck_\gfn\ipflZflc[e\\[#
n_\epfle\\[`k%8kfk_\ik`d\j#`k\ejli\jk_Xk
\c\Zki`Z`kp`jjkfi\[]ficXk\ilj\%
?@>?$G<I=FID8E:<<C<:KI@:DFKFI
K_\ZfdgXZk[\j`^eXe[c`^_kn\`^_kf]k_\
nXk\i$Zffc\[jpeZ_ifefljdfkfi#kf^\k_\in`k_
X[mXeZ\j`e`kj\c\Zkif$d\Z_Xe`ZXcfg\iXk`fe#
i\jlck`em\ipjdffk_#hl`\kfg\iXk`fe%Ilee`e^
fe-,'M#k_\\c\Zki`Zdfkfi[\c`m\ijlgkf
))+;@E_g(-,bN f]gfn\iXe[*''Ed
f]`ejkXekkfihl\%
8;M8E:<;:FDG8:K98KK<IP
K_`j`jn_\i\k_\\c\Zki`Zgfn\i^\e\iXk\[Yp
C\olj?pYi`[;i`m\`jjkfi\[lek`c`kËji\hl`i\[%
@ejkXcc\[Y\_`e[k_\i\Xij\Xk#k_\e`Zb\c$d\kXc
_p[i`[\E`$D? 8[mXeZ\[:fdgXZk9Xkk\ip
[\c`m\ij_`^_gfn\iflkglk`ei\cXk`fekf`kjc`^_k
n\`^_k%9l`ck]ficfe^\m`kp#`k[f\jefki\hl`i\
i\Z_Xi^`e^]ifdXeflkj`[\gfn\ijfliZ\%
?P9I@;KI8EJD@JJ@FE
K_\C\olj?pYi`[;i`m\jpjk\dËj\c\Zki`Z
dfkfi#^\e\iXkfi#gfn\i$jgc`kgcXe\kXip^\Xi
d\Z_Xe`jdXe[dfkfi$jg\\[i\[lZk`fe^\Xi`e^
Xi\_flj\[`eXc`^_kn\`^_kkiXejd`jj`feZXj`e^#
efY`^^\ik_XeXeXlkfdXk`Z^\XiYfo%
<C<:KIFDLCK@M@J@FE;@JGC8P
K_\<c\ZkifDlck`M`j`fe<DM M>8[`jgcXp
^`m\jXi\Xc$k`d\fm\im`\nf]k_\\c\Zki`Zdfkfi
[XkX#YXkk\ipc\m\cj#\e\i^p]cfnXe[fm\iXcc
C\olj?pYi`[;i`m\\]]`Z`\eZp%@kjX[`jZi\\kXe[
]XjZ`eXk`e^i\d`e[\if]pflim\_`Zc\j_`^_cp
`ek\cc`^\ekk\Z_efcf^p%
CJ+-'1GFN<I
8E;I<=@E<D<EK
K_\CJ+-'`jk_\CJ]fik_fj\n_fgi\]\iXclolipjXcffen`k_Xdfi\Zfem\ek`feXc
Æp\k_`^_cpX[mXeZ\[Æg\kifcgfn\ikiX`e%
K_`jm\_`Zc\jZfddXe[`e^p\kjdffk_M/`jk_\dfjkk\Z_efcf^`ZXccpX[mXeZ\[
`ek\ieXcZfdYljk`fe\e^`e\\m\i[\j`^e\[YpC\olj\e^`e\\ij`eX[Xgk\[]fid`kËj
Xcjf]fle[`ek_\CJ-''_ %K_\\e^`e\`jgXike\i\[n`k_Xe/$jg\\[XlkfdXk`Z
kiXejd`jj`feXe[`ek\cc`^\ekX`ijljg\ej`fekfgif[lZ\X[i`m\f]flkjkXe[`e^
i\]`e\d\ekXe[jfg_`jk`ZXk`fe%
@ek_\hl`\kXe[\c\^Xek`ek\i`fif]k_\CJ+-'pflËcc]`e[dXepX[mXeZ\[]\Xkli\j
k_Xkgifm`[\k_\_`^_\jkc\m\cjf]Zfd]fikXe[Zfem\e`\eZ\%8e[n_`c\k_\j\Xek`Z`gXk\
pfli\m\ipn`j_#i\mfclk`feXipe\njX]\kpjpjk\djZXeXcjfXek`Z`gXk\[Xe^\iXe[
i\jgfe[XZZfi[`e^cp%
CJ+-'G\i]fidXeZ\
CJ+-'8N;G\i]fidXeZ\
› M/gfn\i1*/(;@E_g
)/'bN Xk-#+''igd
› 8ZZ\c\iXk`fe1'$-)dg_
'$(''bd&_ `e,%.j\Zfe[j
› DXo%jg\\[1(,,dg_
),'bd&_ #\c\Zkife`ZXccp
c`d`k\[
› :fdY`e\[]l\cZfejldgk`fe1
),%+dg^((%(c&(''bd › :fdY`e\[:F)\d`jj`fej1
)-(^&bd
› M/gfn\i1*-.;@E_g
).'bN Xk-#+''igd
› 8ZZ\c\iXk`fe1'$-)dg_
'$(''bd&_ `e-%*j\Zfe[j
› DXo%jg\\[1(,,dg_
),'bd&_ #\c\Zkife`ZXccp
c`d`k\[
› :fdY`e\[]l\cZfejldgk`fe1
)+%+dg^((%-c&(''bd › :fdY`e\[:F)\d`jj`fej1
).+^&bd
;I@M@E>;PE8D@:J
K_\CJgifm`[\jXjdffk_#jX]\Xe[i\nXi[`e^[i`m\k_XebjkfX_fjkf]X[mXeZ\[
[i`m\k\Z_efcf^`\jk_XkYfk_\e_XeZ\[i`m`e^gc\Xjli\Xe[f]]\i\okiXkiXZk`fe]fi
[`]]`ZlckifX[Zfe[`k`fej%
G<ID8E<EK8CC$N?<<C;I@M<
KfkiXej]\igfn\in`k_Xjdffk_e\jjY\]`kk`e^k_\C\olj]cX^j_`g#X[mXeZ\[
g\idXe\ek8cc$N_\\c;i`m\8N; `j]`kk\[XjjkXe[Xi[fek_\CJ-''_Xe[
XmX`cXYc\XjXefgk`fen`k_k_\CJ+-'%K_\8N;jpjk\d]\Xkli\jk_i\\[`]]\i\ek`Xcj
Xe[gifg\cc\ij_X]kjZflgc\[[`i\Zkcpkfk_\_pYi`[fi/$jg\\[kiXejd`jj`fe%@e
efidXcZfe[`k`fejk_\jpjk\d[`jki`Ylk\j+'g\iZ\ekf][i`m\gfn\ikfk_\]ifek
n_\\cjXe[-'g\iZ\ekkfk_\i\Xi%K_`j^`m\jk_\m\_`Zc\k_\_XccdXibi\Xi$n_\\c
[i`m\Z_XiXZk\i`jk`Zjf]X[peXd`ZclolipjXcffe%?fn\m\i#`]e\\[\[#k_\jpjk\dZXe
`ejkXekcpZ_Xe^\gfn\iXccfZXk`fekf[\c`m\ikiXZk`fen_\i\`kËje\\[\[dfjk%
8;8GK@M<JK<<I@E>8E;JLJG<EJ@FE
8ccCJdf[\cji\XZk`ejkXekXe\fljcpkfZ_Xe^`e^[i`m`e^Zfe[`k`fej%Fen`e[`e^
ZflekipifX[j#k_\`ek\cc`^\ekjljg\ej`fen`ccX[aljkk_\[Xdg`e^Z_XiXZk\i`jk`Zjf]
\XZ_n_\\ckf\ejli\XZfd]fikXYc\i`[\#n_`c\Xk_`^_\ijg\\[jk_\m\_`Zc\n`cc
cfn\i`kj\c]kf`dgifm\X\if[peXd`Zj%8_fjkf]X[mXeZ\[\c\Zkife`Zjpjk\djnfib
`ej\Xdc\jjgXike\ij_`gkfgifm`[\XjX]\#Zfd]fikXYc\Xe[\e^X^`e^i`[\%K_\j\
`eZcl[\M>IJ#dlck`$c`eb]ifekXe[i\Xijljg\ej`feXe[8MJ%
M<?@:C<;PE8D@:J@EK<>I8K<;D8E8><D<EK
@edXepZfem\ek`feXcm\_`Zc\j#k_\jkXY`c`kpXe[Zfekifcjpjk\djXZk`e[\g\e[\ekcp%
8kC\olj#n\i\Xc`j\[k_Xk`]n\Zflc[dXb\k_\dnfibkf^\k_\i#n\Zflc[kXb\jX]\kp
Xe[[i`m`e^gc\Xjli\kfe\nc\m\cjf]jfg_`jk`ZXk`fe%K_\i\jlck`jM\_`Zc\;peXd`Zj
@ek\^iXk\[DXeX^\d\ekM;@D Æaf`e\[$lgk_`eb`e^#C\oljjkpc\%8jn\ccXj\ejli`e^
\e^X^`e^Xe[i\nXi[`e^[i`m`e^[peXd`Zj#M;@DZXe\m\eXek`Z`gXk\[`]]`Zlck
j`klXk`fejXe[dXb\Zfii\Zk`fejY\]fi\k_\p^\kflkf]_Xe[%
J<8DC<JJGFN<I
M/I<=@E<D<EK
K_\CJ+-'`jgfn\i\[YpX+%-$c`ki\M/g\kifc\e^`e\k_XkZfdY`e\j[\\gi\j\im\j
f]gfn\in`k_lckiX$jdffk_ilee`e^%=\Xkli`e^eld\iflj\e^`e\\i`e^X[mXeZ\j
le`hl\kfC\olj#`kj\kjXe\njkXe[Xi[]fiM/\e^`e\j`eclolipm\_`Zc\j%
K_\jkXik`e^gf`eknXjXe\e^`e\k_Xk`jjkife^#c`^_k#jdffk_Xe[ZfdgXZk%Knfe\n
Yi\Xbk_ifl^_k\Z_efcf^`\jÆ;$+JXe[MMK$`<Æn\i\k_\e`eZfigfiXk\[kf`eZi\Xj\
kfihl\#i\jgfej`m\e\jjXe[fm\iXcc\]]`Z`\eZp%
Pfln`cc]`e[k_Xkk_`j\e^`e\`j\oZ\gk`feXccpjdffk_#efkaljkY\ZXlj\`k`jn\cc
[\j`^e\[YlkY\ZXlj\`k`j\oZ\gk`feXccpn\ccYl`ck%<XZ_M/ZiXebj_X]k`jk\jk\[
]fijg`ee`e^le`]fid`kpY\]fi\Xjj\dYcpXe[gfc`j_\[Yp_Xe[kf`dgifm\ilee`e^
jdffk_e\jj%FeZfdgc\k`fe#XC\oljdXjk\iZiX]kjg\ijfelj\jXjk\k_fjZfg\kf
Z_\Zbk_\\e^`e\]fiilee`e^kfe\%
K?<NFIC;ËJ=@IJK/$JG<<;KI8EJD@JJ@FE
=fik_\CJ+-'n\Z_fj\kf[\m\cfgk_\nfic[Ëj]`ijk/$jg\\[XlkfdXk`ZkiXejd`jj`fe%
@eZi\Xj`e^k_\eldY\if]^\Xijkf\`^_k_XjXccfn\[ljkfXZ_`\m\k_\Y\jkf]Yfk_
nfic[jÆ]XjkXZZ\c\iXk`feXe[^ff[]l\c\ZfefdpÆ`eXle`kk_Xkfg\iXk\jn`k_^i\Xk
jdffk_e\jjXe[jfg_`jk`ZXk`fe%
8NFIC;F=CLOLIP
8kC\oljn\Y\c`\m\k_Xkk_\nfic[ËjdfjkX[mXeZ\[k\Z_efcf^pZXe\e_XeZ\
Zfd]fikXe[[\c`m\iX]\\c`e^f]_fjg`kXc`kpk_Xk`jk`d\c\jj%N\ZXcck_`j_ldXe$
Z\eki\[\e^`e\\i`e^%Efk_`e^`ccljkiXk\jk_`jY\kk\ik_Xek_\CJJ\i`\j%
Jc`gk_\\c\Zkife`Zb\p`ekfpfligfZb\kfiYX^Xe[`kn`cc`e]fidk_\m\_`Zc\n_\e
pflXi\XggifXZ_`e^%8ccpflk_\e_Xm\kf[f`jkflZ_X[ffi_Xe[c\fik_\Yffk
i\c\Xj\Xe[`kn`cclecfZb%FeZ\`ej`[\#k_\b\pfm\ij\\jXj\Xdc\jj[\gXikli\%
Fe\glj_f]XYlkkfejkXikjk_\\e^`e\Xe[pflËi\fepflinXp%
C`^_kjXcjfgifm`[\XZflik\fljn\cZfd\%K_ifl^_XZXi\]lccpZ_fi\f^iXg_\[
c`^_k`e^j\hl\eZ\#k_\CJ^l`[\jk_\[i`m\iXe[gXjj\e^\ij`ekfk_\m\_`Zc\#
Xek`Z`gXk`e^k_\`ie\\[j\m\ipjk\gf]k_\nXp%
8jpfljc`[\`ekfk_\[i`m\iËjj\Xk#pflZXeefk_\cgYlkefk`Z\k_`j`jXm\ip
jg\Z`Xcclolipm\_`Zc\%<m\ipk_`e^pflkflZ_Zfddle`ZXk\jXeleXdY`^lflj
d\jjX^\f]hlXc`kpÆ]ifdk_\c\Xk_\iZfm\i\[]fli$jgfb\jk\\i`e^n_\\ckfk_\
\ohl`j`k\]ifekZfejfc\%9fk_Xi\jk`kZ_\[YpdXZ_`e\]figi\Z`j`fe#k_\e]`e`j_\[
Yp_Xe[Xe[Z_\Zb\[YpXC\oljdXjk\iZiX]kjg\ijfe%
8KK<EK@FEKF;<K8@C
=fiC\olj#kil\_fjg`kXc`kpd\XejYi`e^`e^jb`ccXe[`e^\el`kpkfk_\Xek`Z`gXk`fe
f]pflie\\[j#j\Xdc\jjcpXe[lefYkilj`m\cp
C8:HL<I<;NFF;@EC8PJ
CJfne\ijZXeZ_ffj\]ifdjfd\f]k_\
nfic[Ëj]`e\jkm\e\\i]`e`j_\jÆ8j_9lii#
NXcelkfi9`i[j\p\DXgc\%8ccXi\jfliZ\[
]ifdjljkX`eXYc\gcXekXk`fej`e:XeX[X%DXep
ZfXkjf]cXZhl\iXi\lj\[kfgifm`[\XelckiX$
_`^_^cfjjXe[jZiXkZ_$i\j`jkXek]`e`j_%
<EK<IK8@ED<EKJ:I<<E
8mX`cXYc\n`k_Yfk_k_\CJ+-'Xe[k_\
CJ-''_#k_`ji\kiXZkXYc\#Z\`c`e^$dflek\[#
0$`eZ_]lcc$ZfcfliC:;n`[\jZi\\eXccfnj
gXjj\e^\ijkfnXkZ_;M;jn_`c\kiXm\cc`e^%
8m`[\fjfZb\k`ek_\Z\eki\Zfejfc\jkfiX^\
ZfdgXikd\ekXccfnj]fik_\Zfee\Zk`fef]
\ok\ieXcm`[\f[\m`Z\jjlZ_XjXm`[\fZXd\iX
fiX^Xd\jZfejfc\%=fik_\Zfd]fikf]fk_\i
gXjj\e^\ij#_\X[g_fe\jXi\gifm`[\[%
<C<:KI@:JLEJ?8;<J
=fi\okiXZfd]fik#gXik`ZlcXicp]fijldd\i
[i`m`e^#k_\i\`jXe\c\Zki`ZXccpfg\iXk\[i\Xi$
jZi\\ejlej_X[\%=fiX[[\[gi`mXZpXe[
Zfd]fik#k_\i\Xi\Xcjf\c\Zki`Zjlej_X[\j
Ypk_\i\Xij`[\n`e[fnj%GXjj\e^\ijZXe
`e[`m`[lXccpZfekifck_\`ijlej_X[\jlj`e^
jn`kZ_\j`ek_\i\XiZ\eki\Xidi\jk%
CLOLIPJ<8KJ
K_\]ifekj\Xkj]\Xkli\Zfdgi\_\ej`m\\c\Zki`Z
X[aljkd\ek%=fik_\[i`m\ik_\i\ËjXgi\$j\k
d\dfip]leZk`fejfk_XkfeZ\pflm\]fle[
pfli`[\Xcgfj`k`fe#pflZXeb\\g`k%Lgkf
k_i\\Zfe]`^liXk`fejZXeY\jkfi\[%=ifekj\Xk
X[aljkd\ek`eZcl[\jk_\XY`c`kpkf]c\ok_\Z\eki\
f]k_\j\XkYXZbXe[]fli$nXpcldYXijlggfik
knf$nXp]figXjj\e^\i %=ifekj\Xkj]\Xkli\
XYl`ck$`eX`i$Zfe[`k`fe`e^jpjk\dn`k_]Xej
`ejkXcc\[`ek_\j\XkYXZbXe[Zlj_`fegifm`[`e^
ZffcfinXidX`i%
JD8IK<EKIP8E;JK8IKJPJK<D
N`k_k_`jjpjk\d#Xccpfle\\[kf[f`j_Xm\k_\
\c\Zkife`Zb\p`epfligfZb\kfiYX^Xe[`kn`cc
`e]fidk_\m\_`Zc\k_XkpflXi\XggifXZ_`e^%
K_\ealjkkflZ_Xep[ffi_Xe[c\fik_\gfn\i
Yffki\c\Xj\Xe[`kn`cclecfZbXlkfdXk`ZXccp%
FeZ\`ej`[\#gi\jjk_\JkXikYlkkfeXe[pfl
Xi\i\X[pkf[i`m\%K_\C\olj:Xi[B\p#Xe
lckiX$jc`d\c\Zkife`Zb\p#ZXeY\gif^iXdd\[
kfjkfi\k_\gi\]\ii\[j\kk`e^jf]\XZ_[i`m\i
ÆjlZ_Xjjk\\i`e^n_\\cgfj`k`fe%
=LCC$C<8K?<I;8J?9F8I;
K_\CJ-''_`jXj_fnZXj\]fik_\kXc\ekjf]
jfd\f]k_\nfic[Ëj]`e\jkZiX]kjg\fgc\%?Xe[$
]`e`j_\[c\Xk_\ij#Y\Xlk`]lccp^iX`e\[nff[#
cljkifljmXie`j_\j#\ohl`j`k\gX`eknfibÆk_`j`j
hlXc`kpk_Xk`jX]]`id\[Yp\m\ipj\ej\%KXb`e^
clolipfe\jk\g]lik_\i#k_\CJ-''_`j
jg\Z`]`\[n`k_X]lcc$c\Xk_\i[Xj_YfXi[Xe[
lgg\i[ffigXe\cj%
8;M8E:<;E8M@>8K@FE
8ccZfekifcj`ek_\CJJ\i`\jXi\`ekl`k`m\cp\Xjpkflj\#]\\c^ff[kf
k_\kflZ_Xe[i\jgfe[kfpfliZfddXe[jn`k_\]]fikc\jj\]]`Z`\eZp
DLCK@D<;@88E;E8M@>8K@FEJPJK<D
K_\CJ_Xjfe\f]k_\dfjkX[mXeZ\[;M;$
YXj\[Dlck`d\[`XXe[EXm`^Xk`fegXZbX^\j
XmX`cXYc\kf[Xp%N`k_dXgjZfm\i`e^Xccf]n\jk\ie
<lifg\#k_\jpjk\dZXe[`i\Zkpflkfjkfi\[
[\jk`eXk`fejXe[gf`ekjf]`ek\i\jk#Xe[gi\j\ekj
k_\i\jlckjZc\Xicpfek_\]lcc$Zfcfli[`jgcXp%
@eZfleki`\jn`k_;peXd`ZIflk\>l`[XeZ\
;I> !]XZ`c`k`\j#k_\Dlck`d\[`XXe[EXm`^Xk`fe
jpjk\d`jZfejkXekcplg[Xk\[fekiX]]`ZZfe[`k`fej
Xe[ZXejl^^\jkXck\ieXk`m\iflk\jkfXmf`[[\cXpj%
<C<:KIFDLCK@$M@J@FE<DM M>8
;@JGC8P
K_\<DMM>8[`jgcXpgifm`[\j`e]fidXk`fe
fejpjk\djjlZ_XjeXm`^Xk`fe#Zc`dXk\Zfekifc
fiC\olj?pYi`[;i`m\`ek_\CJ-''_%@kXcjf
gi\j\ekjZfdgi\_\ej`m\kiXm\c`e]fidXk`fe#
`eZcl[`e^flkj`[\k\dg\iXkli\Xe[Zlii\ek]l\c
\]]`Z`\eZp#feXZfcfliC:;jZi\\e%
MF@:<8:K@M8K@FE
=fipfli`dgifm\[jX]\kpXe[Zfem\e`\eZ\#k_\
Dlck`d\[`XXe[EXm`^Xk`fegXZbX^\`j\hl`gg\[
n`k_mf`Z\$XZk`mXk\[Zfekifcf]k_\eXm`^Xk`fe#
Xl[`f#X`i$Zfe[`k`fe`e^Xe[g_fe\jpjk\dj%K_\
fe$jZi\\e?\cg]leZk`fen`ccXjj`jkpflj_flc[
pfle\\[Xep`ejkilZk`fej%
9CL<KFFK?ž:FEE<:K@M@KP
K_\9cl\kffk_žg_fe\!!jpjk\dXccfnjpflkf
dXb\Xe[i\Z\`m\_Xe[j$]i\\dfY`c\g_fe\ZXccj#
\`k_\iYpfg\iXk`e^k_\<DMM>8[`jgcXp#k_\
jk\\i`e^n_\\c$dfe`kfijn`kZ_\jfik_ifl^_mf`Z\
ZfddXe[%8lj\]lc\okiX]\Xkli\f]k_\jpjk\d`j
k_Xk`kZXejkfi\Xcck_\ZfekXZkeldY\ij]ifdX
dfY`c\g_fe\fiG;8J@DZXi[%
G8IB@E>8JJ@JKDFE@KFI
GXib`e^k_\CJ`jj`dgc\n`k_k_\GXib`e^8jj`jk
Dfe`kfi%Fg\iXk\[k_ifl^_k_\<DMM>8
[`jgcXp#k_\GXib`e^8jj`jkDfe`kfi]\Xkli\j
Xm`[\fZXd\iXdflek\[`ek_\i\XieldY\i
gcXk\k_Xkgifa\ZkjX]lcc$Zfcflim`\nf]k_\
jliifle[`e^j%N_\epflnXekkfi\m\ij\#k_\
jpjk\df]]\ijfe$jZi\\e^l`[\c`e\jkf_\cgpfl
gcfkk_\`[\XcZflij\`ekfpfligXib`e^jgXZ\%
N`k_k_\fgk`feXc@ek\cc`^\ekGXib`e^8jj`jk#k_\
CJn`cc\m\egXib`kj\c]%
! ;I>`jXmX`cXYc\`eZfleki`\jlj`e^k_\I;JiX[`f
jpjk\d#n_\i\k_\KiX]]`ZD\jjX^`e^:_Xee\cn`cc
\eXYc\k_\lj\f];I>%
!!:fekXZkpflicfZXcC\olj:\eki\]fi[\kX`cjf]
g_fe\ZfdgXk`Y`c`kp%
GI<D@LD8:FLJK@:J
GI<D@LD8L;@FJPJK<D
K_\CJ+-'`j]`kk\[n`k_X('$jg\Xb\iGi\d`ldXl[`fjpjk\d]\Xkli`e^Xe
`e$[Xj_#j`e^c\$jcfk-$:;XlkfZ_Xe^\iXe[=D&DN&CNI;Jkle\i%
D8IBC<M@EJFEžI<=<I<E:<JLIIFLE;JPJK<D
IXeb`e^Xdfe^k_\]`e\jk`e$m\_`Zc\\ek\ikX`ed\ekjpjk\dj`ek_\nfic[#k_\
DXibC\m`ejfežI\]\i\eZ\Jliifle[Jpjk\d`jjkXe[Xi[`ek_\CJ-''_%
Kf^\k_\i#C\oljXe[DXibC\m`ejfežjg\ekdfi\k_Xe)#'''_flijk\jk`e^
k_\Xl[`fjpjk\d`ek_\cXYXe[fek_\ifX[kffgk`d`j\`k]fik_\CJ-''_%
B\pkfk_\jpjk\djjk`ii`e^g\i]fidXeZ\Xi\k_\(0jg\Xb\ij()f]n_`Z_Xi\
le`hl\kfk_`jjpjk\d #\XZ_Zljkfd$\e^`e\\i\[kfjl`k`kjjg\Z`]`ZcfZXk`fe
Xe[k_\XZfljk`ZZ_XiXZk\i`jk`Zjf]k_\ZXY`e%@eZfealeZk`fen`k_k_\/$`eZ_
kflZ_$jZi\\e[`jgcXp#k_\DXibC\m`ejfežI\]\i\eZ\Jliifle[Jpjk\df]]\ij
fne\ijXZfdgc\k\,%(_fd\k_\Xki\\ek\ikX`ed\ek\og\i`\eZ\%
('
)
(
((
+
.
,
(
0
+
*
*
-
,
.
()
/
D8IBC<M@EJFEžJG<8B<I
8I:?@K<:KLI<Æ(0JG<8B<IJ
(%
)%
*%
+%
,%
-%
)$nXp]ifekjpjk\d(''ddd`[$iXe^\&),ddkn\\k\i o)
)$nXpZ\eki\jpjk\d(''ddd`[$iXe^\&),ddkn\\k\i
=ifek[ffi)''ddnff]\io)
I\Xi[ffi),ddkn\\k\io)
I\Xi[ffi(''ddd`[$iXe^\o)
I\Xi[ffi(-'ddnff]\io)
.% )$nXpjXk\cc`k\jpjk\d(''ddd`[$iXe^\&),ddkn\\k\i o)
/% ),'ddjlYnff]\i
0% (o/É<DMkflZ_$jZi\\e[`jgcXp
('% (o0É]lcc$ZfcfliC:;n`[\jZi\\e
((% (o`e$[Xj_-$:;&;M;gcXp\i
()% Dlck`$]leZk`fei\XiXidi\jk
@EKL@K@M<J8=<KP
K<:?EFCF>P
@ek_\CJj\i`\jn\_Xm\g`fe\\i\[i\mfclk`feXipjX]\kpjpjk\djk_Xk_Xie\jj
X[mXeZ\[k\Z_efcf^`\jkfXek`Z`gXk\[Xe^\ijXe[_\cggifk\Zkpfl]ifdk_\d%
8jn\ccXj[\c`m\i`e^^i\Xk[i`m`e^[peXd`Zj#flicXk\jk^\e\iXk`feM\_`Zc\;peXd`Zj
@ek\^iXk\[DXeX^\d\ekM;@D jpjk\dXcjfdXb\jXe`dgfikXekZfeki`Ylk`fekf
jX]\kpYpe\knfib`e^k_\m\_`Zc\j\e^`e\#kiXejd`jj`fe#YiXb`e^#jljg\ej`feXe[
jk\\i`e^jpjk\djkf]leZk`feXjfe\Zf_\j`m\le`k%@e]XZk#k_\M;@DZfekifcle`kn`cc
\m\eXlkfdXk`ZXccpZ_Xe^\[fneX^\Xi`]al[^\[e\Z\jjXip%
Le[\iefidXcZ`iZldjkXeZ\j#M;@Dnfibjjfj\Xdc\jjcpk_XkXccpfln`ccefk`Z\`j
Xjdffk_#\e^X^`e^[i`m\%?fn\m\i#`eZ_Xcc\e^`e^[i`m\Zfe[`k`fej#`ki\XccpZfd\j
`ekf`kjfne%=fi\oXdgc\#n_\e[i`m`e^feifX[jn_\i\^i`gc\m\cj[`]]\iY\kn\\e
k_\c\]kXe[i`^_kn_\\cj#M;@Dn`ccXggcpk_\MXi`XYc\>\XiIXk`fJk\\i`e^M>IJ jpjk\dXe[X[aljkk_\jljg\ej`felj`e^k_\8[Xgk`m\MXi`XYc\Jljg\ej`fe8MJ kf
\hlXc`j\k_\j`klXk`feXe[\e_XeZ\jkXY`c`kp%8e[j_flc[pfl\m\i^\k`ekfXj`[\nXpj
jb`[#k_\jpjk\dn`cc_\cg^l`[\pflflkf][Xe^\iYpX[aljk`e^k_\jk\\i`e^Xe^c\
Xe[al[`Z`fljcpXggcp`e^k_\YiXb\j%M;@D`ek\cc`^\ekcpdXeX^\j<c\Zkife`ZXccp
:fekifcc\[9iXb`e^<:9 #<c\Zkife`Z9iXb\]fiZ\;`jki`Ylk`fe<9; #9iXb\8jj`jk
Jpjk\d98J #KiXZk`fe:fekifcKI: #M\_`Zc\JkXY`c`kp:fekifcMJ: #8[Xgk`m\
MXi`XYc\Jljg\ej`fe8MJ Xe[MXi`XYc\>\XiIXk`fJk\\i`e^M>IJ %
89J#<9;#<:9#98J#KI:Xe[MJ:nfib`e^kf^\k_\i
89J#<9;#<:9#98J#KI:Xe[MJ:efknfib`e^kf^\k_\i
8:K@M<I<8JJLI8E:<
Kf\e_XeZ\jX]\kpXe[Xkk_\jXd\k`d\`eZi\Xj\[i`m`e^gc\Xjli\#k_\CJ`j\hl`gg\[n`k_
XZfdgi\_\ej`m\iXe^\f]X[mXeZ\[YiXb`e^#kiXZk`feXe[c`^_k`e^jpjk\dj
:fem\ek`feXcc`^_k`e^
@ek\cc`^\ek$8[Xgk`m\=ifek$c`^_k`e^Jpjk\d
(,—
C\]kKlie
8%N`k_98J
9%N`k_flk98J
8%N`k_KI:
9%N`k_flkKI:
8%N`k_MJ:
9%N`k_flkMJ:
9
,—
9
I`^_kKlie
8
8
<C<:KIFE@:8CCP:FEKIFCC<;
9I8B@E><:9 8jg\Z`Xc\c\Zkif$_p[iXlc`ZYiXb`e^jpjk\d
Zfekifcjk_\ZXiËjcXi^\[`jZYiXb\jXkk_\]ifek
Xe[i\Xi%K_\]ifek[`jZjXi\m\ek`cXk\[kfi\[lZ\
YiXb\]X[\#Xe[XccYiXb\jXi\]`kk\[n`k__`^_$
^i`gYiXb\gX[jkf\ejli\\]]`Z`\ekXe[jdffk_cp
gif^i\jj`m\_`^_$jg\\[YiXb`e^%
@EK<CC@><EKÆ8;8GK@M<=IFEK
C@>?K@E>JPJK<D@$8=J
@$8=JXlkfdXk`ZXccpjn`m\cjk_\_\X[c`^_kjYp
lgkf(,[\^i\\j`ekfXggifXZ_`e^Zfie\ij#
i\m\Xc`e^[\kX`cjk_Xknflc[efkfk_\in`j\Y\
m`j`Yc\%Fek_\CJ+-'#_`^_`ek\ej`kp[`jZ_Xi^\
?@; _\X[c`^_kjlj\o\efek\Z_efcf^pkf
[\c`m\iZi`jgc`^_kXe[Xe\oZ\cc\ek]`\c[f]
m`j`fe%8kk_\i\Xi#c`^_k\d`kk`e^[`f[\C<; YiXb\c`^_kj[feËkaljkcffb^ff[#k_\pXcjf
i\XZk]Xjk\i#Zfeki`Ylk`e^kffm\iXccjX]\kp%K_\
CJ-''_]\Xkli\jXlkfc\m\cc`e^C<;_\X[c`^_kj
kff#n`k_gfg$lgZc\Xe\ij%
<C<:KIFE@:9I8B<=FI:<
;@JKI@9LK@FE<9;
K_\8ek`$cfZb9iXb`e^Jpjk\d89J gi\m\ekj
k_\kpi\j]ifdcfZb`e^lg`]pflYiXb\_Xi[
fi\eZflek\iXjc`gg\ipjli]XZ\%N`k_<9;#
k_fl^_#pfl^\kXe\m\ejX]\i#dfi\Zfdgfj\[
]\\c%;\g\e[`e^fek_\[i`m`e^Zfe[`k`fej#<9;
nfibjn`k_89Jkfi\^lcXk\k_\[`jki`Ylk`fef]
YiXb\]fiZ\Y\kn\\ek_\]ifekXe[i\Xi#Xe[c\]k
Xe[i`^_kn_\\cj#_\cg`e^kfdX`ekX`ejkXY`c`kp
n_\eZfie\i`e^Xe[YiXb`e^%K_`jgi\m\ekj
n_\\ccfZb#k_\i\Yp\e_XeZ`e^ZfekifcXe[
YiXb`e^g\i]fidXeZ\%
9
9I8B<8JJ@JKJPJK<D98J
K_`j[\m`Z\Zflc[dXb\XZilZ`Xc[`]]\i\eZ\
`e[`]]`ZlckZ`iZldjkXeZ\jYp`dgifm`e^pfli
YiXb`e^XY`c`kp%@eXgXe`Zj`klXk`fe#`kËjgfjj`Yc\
]fiX[i`m\ikfXggcp`ejl]]`Z`\ek]fiZ\kf
k_\YiXb\g\[Xc%@]k_`j_Xgg\ej#k_\jpjk\d
Xek`Z`gXk\jk_\e\\[]fi\okiXYiXb\]fiZ\
Xe[Xggc`\j`k%8Zfdglk\ii\Zf^e`j\jk_\
j`klXk`feYXj\[fe`e]fidXk`fe]ifdk_\dXjk\i
Zpc`e[\igi\jjli\j\ejfiXe[Xg\[Xcjkifb\
j\ejfi%K_\YiXb\XZklXkfik_\e`eZi\Xj\jk_\
n_\\cZpc`e[\i_p[iXlc`Zgi\jjli\#Xe[_\eZ\#
jkfgg`e^gfn\i%
8
9
KI8:K@FE:FEKIFCKI:
KI:dfe`kfijXe[Zfekifcjk_\Xdflekf]
kfihl\#fikn`jk`e^]fiZ\#Xk\XZ_n_\\ckf_\cg
\ejli\jX]\Xe[\]]\Zk`m\gfn\i[\c`m\ip%@]
`k[\k\Zkjk_XkXn_\\c`jjkXik`e^kfjc`gÇfe
Xn\kfidl[[pjli]XZ\#]fi`ejkXeZ\Çk_\
jpjk\dËjJb`[:fekifcZfdglk\i`ejkXekcp
[\k\id`e\jk_\Y\jknXpkfi\jkfi\kiXZk`fe
kf`k%K_\e`kXlkfdXk`ZXccp[\Zi\Xj\jk_\kfihl\
Y\`e^[\c`m\i\[kfk_\n_\\c#fi`edfi\
\oki\d\ZXj\jXggc`\jk_\YiXb\jfek_Xkn_\\c
dfd\ekXi`cplek`c`ki\^X`ejkiXZk`fe%N_\epfl
e\\[kfXZZ\c\iXk\`ejc`gg\ipZfe[`k`fej#KI:
`jXcnXpjfe_Xe[kf_\cgpfl[fjfj\Zli\cp%
M<?@:C<JK89@C@KP:FEKIFCMJ: MJ:XZk`mXk\jn_\e\d\i^\eZpXmf`[XeZ\
dXef\lmi\jXi\i\hl`i\[%=fi`ejkXeZ\#`e
jfd\Z`iZldjkXeZ\j#\ek\i`e^XZfie\iX
c`kkc\kff]XjkXe[Xggcp`e^k_\YiXb\jZflc[
ZXlj\k_\n\`^_kf]k_\m\_`Zc\kfj_`]k
]finXi[Xe[k_\i\Xin_\\cjkfcfj\^i`g%
N`k_MJ:#jkiXk\^`ZXccpgcXZ\[j\ejfijnflc[
Xjj\jjn_XkËj_Xgg\e`e^Çi\^`jk\i`e^Yf[p
dfm\d\ek#k_\Xe^c\f]k_\jk\\i`e^n_\\cXe[
YiXb\gi\jjli\ÇXe[k_\jpjk\dnflc[k_\e
[`jki`Ylk\k_\gi\Z`j\Xdflekf]YiXb\gi\jjli\
e\\[\[kf_\cgdX`ekX`eXjX]\Zflij\%
*-'—GIFK<:K@FE
(
K_\CJJ\i`\j`j\e^`e\\i\[]fik_\_`^_\jkjX]\kpg\i]fidXeZ\#jligXjj`e^Xcc
nfic[n`[\ZiXj_jX]\kpi\hl`i\d\ekjn`k_k_\X`df]XZ_`\m`e^ZcXjj$c\X[\ij_`g
gifk\Zk`e^X^X`ejk]lcc$]ifekXc#f]]j\k#j`[\Xe[i\XiZfcc`j`fe%
)
K_\CJ]\Xkli\jXjg\Z`Xckn`e$Z_XdY\i]ifekgXjj\e^\iX`iYX^n_`Z_`jj_Xg\[
kfZiX[c\[\c`ZXk\Xi\XjjlZ_Xjk_\efj\Xe[dflk_#n_`c\Xccfn`e^k_\`dgXZkkf
Y\[`jg\ij\[XZifjjk_\_\X[Xe[j_flc[\ij%K_\CJ-''_`j\hl`gg\[n`k_('
X`iYX^jXjjkXe[Xi[%=ifekj\Xkj`eZfigfiXk\XN_`gcXj_@ealipC\jj\e`e^[\j`^e%
8eX[mXeZ\[j\ejfijpjk\d[\gcfpjmXi`XYc\$]fiZ\]ifekX`iYX^jXZZfi[`e^kfk_\
j\m\i`kpf]`dgXZk%
*
(
)
8]k\ik_\XZk`mXk`fef]XepX`iYX^#Xcc]flin`e[fnjfg\ejc`^_kcpkfXccfngpifk\Z_e`Z
^Xj\jkf\jZXg\%
8;M8E:<;J8=<KPG8:B8><
K_\CJ-''_Xe[CJ+-'J<$CXi\Xcjf\hl`gg\[n`k_Yi\Xbk_ifl^_gi\$ZiXj_
k\Z_efcf^p`ek_\]fidf]flicXk\jk^\e\iXk`feXnXi[$n`ee`e^8[mXeZ\[JX]\kp
GXZbX^\8JG %K_\8JGZXe[\k\ZkXiXe^\f]fYjkXZc\j`e]ifekf]k_\m\_`Zc\#
`eZcl[`e^g\[\jki`Xej#Xe[`eZfigfiXk\jj\m\iXcnfic[$]`ijkj%@k^Xk_\ijkf^\k_\i
k_\8[mXeZ\[FYjkXZc\;\k\Zk`feJpjk\d#;i`m\iDfe`kfi`e^Jpjk\d#<d\i^\eZp
Jk\\i`e^8jj`jkXe[I\XiGi\$:iXj_JX]\kpJpjk\d#kfZXcZlcXk\k_\i`jbf]Zfcc`j`fe
Xe[XZk`mXk\Xj\hl\eZ\f]gi\$ZiXj_jX]\kpd\Xjli\j`]e\Z\jjXip%
+
*
+
*
*
K_\ZXij_fne`jk_\CJ+-']\Xkli`e^
k_\]fccfn`e^('X`iYX^j1
(% K nf$jkX^\]ifekX`iYX^j`eZcl[`e^
Xkn`e$Z_XdY\igXjj\e^\iX`iYX^
)% ;i`m\iXe[]ifekgXjj\e^\ibe\\X`iYX^j
*% =ifekXe[i\Xi!j`[\X`iYX^j
+% = lccc\e^k_j`[\ZlikX`eX`iYX^j
!I\Xij`[\X`iYX^jXi\fgk`feXccpXmX`cXYc\fe
CJ+-'Xe[CJ-''_XjgXikf]k_\i\Xij\Xk
lg^iX[\gXZbX^\Xe[jkXe[Xi[feCJ-''_C%
;PE8D@:N?<<CJ
8ccm\_`Zc\j`ek_\CJJ\i`\jXi\]`kk\[
n`k_cfn$gif]`c\kpi\jXe[Xccfpn_\\cj
kfgifm`[\dXo`dldifX[^i`gXe[
\oZ\cc\ek_Xe[c`e^%K_\`ijkpc`j_#[peXd`Z
cffbjXi\[\j`^e\[kfZfdgc\d\ekk_\
gif]`c\f]k_\CJ%Gi\Z`j`fe\e^`e\\i`e^
dX`ekX`ejXYXcXeZ\f]cfnn\`^_kXe[
gfn\i]lcjki\e^k_%
K_\CJ+-'Xe[CJ+-'J<Xi\]`kk\[
n`k_(/$`eZ_0$jgfb\Xccfpn_\\cjXj
jkXe[Xi[%K_\CJ+-'J<$C_Xj(0$`eZ_
,$jgfb\n_\\cj#n_`c\k_\CJ-''_
]\Xkli\j(0$`eZ_.$jgfb\Xccfpn_\\cj%
(0$`eZ_Xccfpn_\\c#.$jgfb\[\j`^efek_\CJ-''_
(0$`eZ_Xccfpn_\\c#,$jgfb\[\j`^efek_\CJ+-'J<$C
(/$`eZ_Xccfpn_\\c#0$jgfb\[\j`^efek_\CJ+-'Xe[CJ+-'J<
*)
JK8E;8I;<HL@GD<EK
8Zk`m\jX]\kpXe[[i`m`e^[peXd`Zj
GXjj`m\jX]\kp
J\Zli`kp
89J8ek`$cfZb9iXb`e^Jpjk\d 8MJ8[Xgk`m\MXi`XYc\Jljg\ej`fe n`k_efidXc&Zfd]fik&jgfikdf[\j
98J9iXb\8jj`jkJpjk\d
<9;<c\Zkife`Z9iXb\]fiZ\;`jki`Ylk`fe
<9J<d\i^\eZp9iXb\J`^eXc
<:9<c\Zkife`ZXccp:fekifcc\[9iXb`e^
<G9<c\Zkife`ZGXib`e^9iXb\
<GJ<c\Zki`ZGfn\iJk\\i`e^ #jg\\[$j\ej`k`m\
KGNJKpi\Gi\jjli\NXie`e^Jpjk\d
KI:KiXZk`fe:fekifc M;@DM\_`Zc\;peXd`Zj@ek\^iXk\[DXeX^\d\ek M>IJMXi`XYc\>\XiIXk`fJk\\i`e^
MJ:M\_`Zc\JkXY`c`kp:fekifc n`k_Zlk$f]]jn`kZ_feCJ-''_ <ok\i`fi
8l[`f`e]fidXk`feXe[Zfddle`ZXk`fe
Flkj`[\i\Xi$m`\nd`iifij1\c\Zki`ZXccpX[aljkXYc\#]fc[`e^#_\Xk\[#\c\Zkif$Z_ifdXk`ZXlkf$[`dd`e^ <Xjp[ffiXe[YffkZcfj\ijf]k$j_lk
=ifek]f^c`^_kj
CXd`eXk\[n`e[jZi\\eXe[j`[\n`e[fn^cXjj
C<;i\Xic`^_kjXe[c`Z\eZ\gcXk\`ccld`eXk`fe
IX`e$j\ej`e^n`g\ij
LM$ZlkXe[_\Xk$`ejlcXk`e^k`ek\[^cXjj
NXk\i$i\g\cc\ek]ifek[ffin`e[fn^cXjj
KflZ_$jZi\\e/$`eZ_<DM<c\ZkifDlck`$M`j`fe M>8[`jgcXp
9cl\kffk_ždfY`c\g_fe\Zfee\Zk`m`kp
:fcfliK=Kdlck`$`e]fidXk`fe[`jgcXp`eZ\eki\`ejkild\ekZcljk\i
;M;EXm`^Xk`fejpjk\dn`k_;I>;peXd`ZIflk\>l`[XeZ\
Fgk`kife`ejkild\ekXk`fe
GXibXjj`jkdfe`kfi
Jk\\i`e^n_\\c$dflek\[Zfekifcj]fiXl[`f#g_fe\Xe[mf`Z\ZfddXe[
Mf`Z\ZfddXe[]fiXl[`f#eXm`^Xk`feXe[Zc`dXk\Zfekifc
:fd]fikXe[Zfem\e`\eZ\
:il`j\Zfekifc
<Xjp\o`kXe[\ekip]XZ`c`kp
<c\Zkife`Z:c`dXk\:fekifcn`k_XlkfdXk`Zi\Z`iZlcXk`fedf[\#Zc\XeX`i]`ck\in`k_gfcc\ei\dfmXcdf[\
Xe[j\gXiXk\[i`m\i&gXjj\e^\iZfekifcj
=ifekj\Xkj#\c\Zki`ZXccpX[aljkXYc\Xe[X`iZfe[`k`fe\[Xe[_\X[i\jkjn`k_cldYXijlggfikXe[d\dfip]leZk`fej
@ccld`eXk\[\ekipjpjk\dn`k_gl[[c\cXdgj#Xe[gfn\iYffk$Zcfj\i
GXib`e^8jj`jkj\ejfij
I\Xi$m`\nd`iifi1\c\Zkif$Z_ifdXk`ZXlkf$[`dd`e^ Fe\$kflZ_gfn\in`e[fnj]ifekXe[i\XiXe[\c\Zki`Zjleiff]
C\Xk_\ilg_fcjk\ipXe[nff[`ej\ikj
D\dfipgXZbX^\
;i`m\iXe[]ifekgXjj\e^\i)$jkX^\X`iYX^jXe[be\\X`iYX^j
8`iYX^Zlk$f]]jn`kZ_#]ifekgXjj\e^\i
:likX`ej_`\c[X`iYX^j#]ifekXe[i\Xi
K8GK_fiXo8Y[fd\eG\cm`j X`iYX^[i`m\iXe[]ifekgXjj\e^\i
Kn`e$Z_XdY\iX`iYX^#]ifekgXjj\e^\i
J\XkY\ckgi\$k\ej`fe\ij]ifekXe[i\Xiflk\ij\Xkj
N@CN_`gcXj_@ealipC\jj\e`e^ ]ifekj\Xkj
@JF=@OXkkXZ_d\ek#flk\ii\Xij\Xkj
8ek`$k_\]kjpjk\d#`ddfY`c`j\i#[flYc\[fficfZb#`ekilj`fej\ejfi#`eZc`eXk`fej\ejfiXe[j`i\e
8lkf[fficfZb`e^
*
8;;@K@FE8C
=<8KLI<J
CJ-''_JN9
(/Xccfpn_\\cj#0$jgfb\[\j`^en`k_)*,&,'I(/kpi\j
(0ÉXccfpn_\\cj#,$jgfb\[\j`^en`k_)+,&+,I(0kpi\j
G\idXe\ek8ccN_\\c;i`m\
('$jg\Xb\iGi\d`ldXl[`fjpjk\d#=D&DN&CNI;Jkle\i#`e$[Xj_#j`e^c\$
jcfk-$:;XlkfZ_Xe^\i
(0$jg\Xb\iDXibC\m`ejfeI\]\i\eZ\Jliifle[Xl[`fjpjk\d#=D&DNI;J
kle\in`k_`e$[Xj_#j`e^c\$jcfk-$;M;XlkfZ_Xe^\i
Lg_fcjk\ipLg^iX[\
J\d`$Xe`c`e\c\Xk_\ij\Xkj
8cZXekXiXžiff]$c`e`e^Xe[g`ccXi]`e`j_`e^
C\Xk_\i[ffi`ek\i^iXk\[Xidi\jk
I\XiJ\XkLg^iX[\`eZcl[`e^
:ffcYfo
;ffiXidi\jkc\Xk_\i
=fliqfe\X`iZfe[`k`fe`e^i\XiZc`dXk\jpjk\dlg^iX[\#j\gXiXk\
k\dg\iXkli\Zfekifcjc\]kXe[i`^_k
Dlck`$]leZk`fei\XiZ\eki\Xidi\jk
I\Xij\Xkj#\c\Zki`ZXccpX[aljkXYc\n`k_d\dfip
I\Xij\Xkj#X`iZfe[`k`fe\[
I\Xi_\X[i\jkj#\c\Zki`ZXccpfg\iXk\[
I\Xij`[\X`iYX^j
Iff]Zc`dXk\[`]]lj\ij
Jlej_X[\j#\c\Zki`ZXccpfg\iXk\[]fii\Xi[ffin`e[fnj
8[mXeZ\[JX]\kpGXZb
G:JGi\$ZiXj_JX]\kpJpjk\d n`k_8::8[Xgk`m\:il`j\:fekifc
Xccjg\\[ n`k_1
8[mXeZ\[fYjkXZc\[\k\Zk`feiX[XiXe[jk\i\fZXd\iX
;i`m\iDfe`kfi`e^Jpjk\d
<d\i^\eZpJk\\i`e^8jj`jk
I\XiG:J`eZcl[`e^`ek\cc`^\ek]ifek_\X[i\jkj
CXe\B\\g8jj`jk
CXe\;\gXikli\NXie`e^Jpjk\d
I\XiJ\Xk<ek\ikX`ed\ekIJ< 10Éiff]$dflek\[M>8jZi\\en`k_i\dfk\
ZfekifcXe[kn`e_\X[g_fe\j
G:JGi\$ZiXj_JX]\kpJpjk\d n`k_8::8[Xgk`m\:il`j\:fekifc
?`^_@ek\ej`kp;`jZ_Xi^\?@; Y`$o\efe_\X[c`^_kjn`k_gfg$lgZc\Xe\ij
Xlkf$c\m\cc`e^Xe[@ek\cc`^\ek$8[Xgk`m\=ifek$c`^_k`e^Jpjk\d@$8=J
Jleiff]
GXib8jj`jkJ\ejfij
@ek\cc`^\ekGXib8jj`jk
<c\Zki`ZYffkZcfj\i
JdXik:Xi[<ekip
?\Xk\[nff[\ejk\\i`e^n_\\c
CJ+-'
CJ+-'J<
Fgk`feXc
Fgk`feXc
CJ+-'J<$C
CJ+-'J<$C
8N;
Fgk`feXc
Fgk`feXc
Fgk`feXc
Fgk`feXc
Fgk`feXc
Fgk`feXc
Fgk`feXc
Fgk`feXc
Efk\1
( I\XiJ\Xk<ek\ikX`ed\ekdljkY\fi[\i\[n`k_
I\XiJ\XkLg^iX[\GXZb
DC8l[`f
Fgk`feXc
Fgk`feXc
Fgk`feXc
Fgk`feXc
Fgk`feXc
Fgk`feXc
) @ek\cc`^\ekGXib8jj`jkdljkY\fi[\i\[n`k_
GXib8jj`jkJ\ejfij
Fgk`feXc
Fgk`feXc
Fgk`feXc
JkXe[Xi[jg\Z`]`ZXk`fe
8mX`cXYc\XjXYl`c[kffi[\ifgk`fe
Fgk`feXc
* 8ccN_\\c;i`m\8N; dljkY\fi[\i\[n`k_
(/Én_\\cj(0ÉefkXmX`cXYc\
?\Xk\[nff[\ejk\\i`e^n_\\cj
JkXe[Xi[n_\\cYXj\
Cfe^n_\\cYXj\
(0ÉXccfpn_\\cj#.$jgfb\[\j`^en`k_)+,&+,I(0kpi\j
C<;C`^_k<d`kk`e^;`f[\ _\X[c`^_kjn`k_gfg$lgZc\Xe\ij#Xlkf$c\m\cc`e^
Xe[@ek\cc`^\ek$8[Xgk`m\=ifek$c`^_k`e^Jpjk\d@$8=J
(0$jg\Xb\iDXibC\m`ejfeI\]\i\eZ\Jliifle[Xl[`fjpjk\d#=D&DNI;J
kle\in`k_`e$[Xj_#j`e^c\$jcfk-$;M;XlkfZ_Xe^\i
Lg_fcjk\ipLg^iX[\
J\d`$Xe`c`e\c\Xk_\ij\Xkj
8cZXekXiXžiff]$c`e`e^Xe[g`ccXi]`e`j_`e^
C\Xk_\i[ffi`ek\i^iXk\[Xidi\jk
C\Xk_\i[Xj_YfXi[Xe[lgg\i[ffigXe\cj
I\XiJ\XkLg^iX[\`eZcl[`e^
:ffcYfo
;ffiXidi\jkc\Xk_\i
=fliqfe\X`iZfe[`k`fe`e^i\XiZc`dXk\jpjk\dlg^iX[\#j\gXiXk\
k\dg\iXkli\Zfekifcjc\]kXe[i`^_k
Dlck`$]leZk`fei\XiZ\eki\Xidi\jk
I\Xij\Xkj#\c\Zki`ZXccpX[aljkXYc\n`k_d\dfip
I\Xij\Xkj#X`iZfe[`k`fe\[
I\Xi_\X[i\jkj#\c\Zki`ZXccpfg\iXk\[
I\Xij`[\X`iYX^j
Iff]Zc`dXk\[`]]lj\ij
Jlej_X[\j#\c\Zki`ZXccpfg\iXk\[]fii\Xi[ffin`e[fnj
8[mXeZ\[JX]\kpGXZb
G:JGi\$ZiXj_JX]\kpJpjk\d n`k_8::8[Xgk`m\:il`j\:fekifc
Xccjg\\[ n`k_1
8[mXeZ\[fYjkXZc\[\k\Zk`feiX[XiXe[jk\i\fZXd\iX
;i`m\iDfe`kfi`e^Jpjk\d
<d\i^\eZpJk\\i`e^8jj`jk
I\XiG:J`eZcl[`e^`ek\cc`^\ek]ifek_\X[i\jkj
I\XiJ\XkI\cXoXk`feGXZbX^\
C\]ki\Xij\Xkn`k_]ffki\jk#\c\Zki`ZXccpi\Zc`e`e^
9f[pk\dg\iXkli\j\ej`e^Zc`dXk\Zfekifcm`X`e]iX$i\[j\ejfi
=ifekj\XkgXjj\e^\i_\X[i\jk\c\Zki`ZXccp]fc[`e^
I\dfk\ZfekifcI\XiJ\XkI\cXoXk`feJpjk\ddXjjX^\]leZk`fej
J\XkZlj_`feX`iYX^
=`o\[i\XiZ\eki\Zfejfc\#n`k_nff[`ecXpj
:ffcYfo
KXYc\n`k_nff[`ecXp#X[aljkjXe[i\kiXZkj
I\XiJ\Xk<ek\ikX`ed\ekn`k_X[[`k`feXc`e[\g\e[\eki\Xi;M;GcXp\i
I\XiJ\Xk<ek\ikX`ed\ekIJ< 10Éiff]$dflek\[M>8jZi\\en`k_i\dfk\
ZfekifcXe[kn`e_\X[g_fe\j
Jleiff]
GXib8jj`jkJ\ejfij
@ek\cc`^\ekGXib8jj`jk
<c\Zki`ZYffkZcfj\i
JdXik:Xi[<ekip
CJ-''_C
CJ-''_C
JG<:@=@:8K@FEJ
<e^`e\
KiXejd`jj`fe
G\i]fidXeZ\
:pc`e[\ij&MXcm\j
:XgXZ`kpZd* <e^`e\kpg\
DXo%jg\\[bN&;@E_g7igd DXo%kfihl\Ed7igd Jpjk\dflkglkbN&Y_g CJ+-'
M/&*)
+#-'/
;$+J#M/%;F?:
)/'&*/(7-#+''
+0*7+#(''
CJ+-'8N;
M/&*)
+#-'/
;$+J#M/%;F?:
).'&*-.7-#+''
+-07+#(''
CJ-''_
M/&*)
+#0-0
;$+J#M/%;F?:
)0'&*0+7-#+''
,)'7+#'''
*).&++,
;i`m\en_\\cj
I\Xi$n_\\c[i`m\
8cc$N_\\c;i`m\
8cc$N_\\c;i`m\
/$jg\\[Xlkfn`k_j\hl\ek`Xcj_`]kdf[\feYfk_CJ+-'^iX[\j<$:MKn`k_/Æjg\\[YiXb`e^fm\ii`[\
DXo%jg\\[dg_bd&_ '$-)dg_j =l\cZfejldgk`feXZZfi[`e^kf0*&((-&<<: LiYXedg^c&(''bd <okiXliYXedg^c&(''bd :fdY`e\[dg^c&(''bd :F)\d`jj`fej^&bd 9@BkXoYXe['/&'0 (,,),' \c\Z%ck[
,%.
(,,),' \c\Z%ck[
-%*
(,,),' \c\Z%ck[%
-%*
(.%((-%, *,%/.%0 ),%+((%( )-(
*,
(-%+(.%) **%-/%+ )+%+((%- ).+
*,
),%'((%*
*,%*/%'
*'%+0%*
)(0
)/
9iXb\j
=ifek
I\Xi
M\ek`cXk\[[`jZ
M\ek`cXk\[[`jZ
M\ek`cXk\[[`jZ
M\ek`cXk\[[`jZ
M\ek`cXk\[[`jZ
M\ek`cXk\[[`jZ
Jk\\i`e^
D`e`dldklie`e^iX[`ljkpi\d ,%+
,%+
,%.
CJ-''_C,%0
=ifek
I\Xi
Dlck`$c`eb
Dlck`$c`eb
Dlck`$c`eb
Dlck`$c`eb
Dlck`$c`eb
Dlck`$c`eb
C\e^k_dd CJ-''_C N`[k_dd ?\`^_kdd N_\\cYXj\dd CJ-''_C Cl^^X^\ZfdgXikd\ekc =l\ckXebc ,#'*'
(#/.,
(#+-,
)#0.'
+)'Æ,',
/+
,#'*'
(#/.,
(#+-,
)#0.'
+)'$,',
/+
,#'*',#(,'
(#/.,
(#+/'
)#0.'*#'0'
**'
/+
B\iYn\`^_kd`eÆdXo% b^ >ifjjn\`^_kd`eÆdXo% b^ (#0+,$)#',,
)%+0,
)#'/,$)#)''
)#-+'
)#).'Æ)#+*'
)#.*'$)#.,'
Jljg\ej`fe
;`d\ej`fej
N\`^_kj
C<OLJ
8::<JJFI@<J
8[[pfliZ_f`Z\f]C\oljXZZ\jjfi`\j
kf`dYl\pfliCJ-''_n`k_Xle`hl\
jg`i`kf]`e[`m`[lXc`kp%
8%9CL<KFFK?ž
:FDGC<D<EK8IPB@K
K_\jpjk\dZiX[c\efkfecpb\\gj
pfli9cl\kffk_žg_fe\!j\Zli\
YlkXcjfi\Z_Xi^\j`kXjpfl[i`m\%
I\Z\gk`fe`j\e_XeZ\[YpX[`jZi\\k
\ok\ieXcXek\eeX#n_`Z_Xcjf_\cgj
d`e`d`j\k_\\]]\Zkjf]\c\Zkif$
dX^e\k`Z`ek\i]\i\eZ\%@dgfikXekcppfl
ZXelj\k_\ZiX[c\Xe[g_fe\!`eXep
fk_\iZXi]`kk\[n`k_k_\jXd\jpjk\d%
J`d`cXicp#`]pflZ_Xe^\pflig_fe\#Xcc
pfle\\[[f`jZ_Xe^\k_\ZiX[c\Xe[
efkk_\n_fc\b`k%
9%?FD<C@EBž
N`k_?fd\C`ebžpflZXefg\iXk\
lgkfk_i\\_fd\XlkfdXk\[jpjk\dj
n`k_flkc\Xm`e^k_\Zfd]fikf]pfliZXi%
=fi`ejkXeZ\#?fd\C`ebžZXeXZk`mXk\
jpjk\dj]fifg\e`e^Xe[j_lkk`e^
^XiX^\[ffij#fiklie`e^^Xi[\e
j\Zli`kpXe[c`^_k`e^feXe[f]]%
Gif^iXdd`e^`jm\ip\XjpXe[#n`k_k_\
jpjk\dËjg\idXe\ekcpdflek\[`e$ZXi
Zfekifcle`k#pfln`cce\m\i_Xm\kf_lek
]fiXcffj\i\dfk\ZfekifcX^X`e%
:%`GF;@EK<>I8K@FEB@K
Pfli`Gf[ZXeY\gcl^^\[`ekfX
Zfee\Zk`fe`ek_\^cfm\Yfo#jX]\cp
flkf]j`^_k#Xe[ZXeY\fg\iXk\[Xe[
c`jk\e\[kfm`Xk_\Xl[`fjpjk\d%
;%9C8:BK<OK@C<=CFFID8KJ
C\oljm\cflik\ok`c\]cffidXkjXi\
kX`cfi\[kf]`kXe[_Xm\Xjg\Z`Xcefe$
jc`g]cffi]`oXk`fe%K_\j\k`eZcl[\jknf
dXkj]fik_\]ifekXe[knf]fik_\i\Xi%
8cjfXmX`cXYc\`e^i\p#n_`k\Xe[Y\`^\%
>%?FI@QFEK8C:8I>FE<K
Cl^^X^\jc`[`e^Xifle[k_\Yffk`jXe
len\cZfd\[`jkiXZk`fe`eXm\_`Zc\Xj
jdffk_Xe[hl`\kXjk_\CJ-''_%K_\
C\olj_fi`qfekXcZXi^fe\kn`cc_fc[
pfliYX^jXe[ZXj\j]`idcp`egcXZ\%
<%9FFKC@E<I
K_\C\oljnXk\igiff]Yffkc`e\if]]\ij
dXo`dldgifk\Zk`fe]fipfliYffk
ZXig\k%LdYi\ccXj#flk[ffiZcfk_`e^#
i`[`e^^\Xi#\m\eXn\kjl`kZXeY\
XZZfddf[Xk\[n`k_flki`jb%
?%:C<8I9LDG<I
GIFK<:K@FE=@CD
@[\Xc]figifk\Zk`e^i\XiYldg\i
gX`eknfibX^X`ejkjZiXkZ_`e^n_\e
cfX[`e^filecfX[`e^k_\Yffk%
K_\gifk\Zk`fe]`cd`jkiXejgXi\ek#
j\c]$X[_\j`m\Xe[Zljkfdj_Xg\[%
=%M<IK@:8C:8I>FE<K
K_\C\oljm\ik`ZXcZXi^fe\kZc`gje\Xkcp
fekfgi\$]`kk\[_ffbj`ek_\YffkXe[`j
`[\Xc]fij\Zli`e^jdXcc\igfjj\jj`fej%
8
9
:
;
<
=
>
?
G8:B8><FGK@FEJ
I<8IJ<8KI<C8O8K@FEG8:B8><CJ-''_Cfecp
8
I<8IJ<8KLG>I8;<G8:B8><CJ+-'
9
FecpXmX`cXYc\`ek_\]cX^j_`gCJ-''_Cdf[\c[l\kfk_\X[[`k`feXc`ek\i`fi
jgXZ\`ki\hl`i\j#k_\I\XiJ\XkI\cXoXk`feGXZbX^\gifm`[\jk_\lck`dXk\`e
i\Xij\Xkclolip%
:
;
Æ[ifg$[fnedfe`kfidflek\[`ek_\iff]c`e`e^
Æ0$`eZ_Zfcflin`[\jZi\\edfe`kfi
ÆX[[`k`feXc`e[\g\e[\eki\Xi;M;gcXp\iXe[i\dfk\Zfekifc
<
!N_\e]lccpi\Zc`e\[n`k_]ffki\jk\ok\e[\[#k_\]ifekgXjj\e^\ij\XkZXeefkY\lj\[%
!!J\Xk`e^ZXgXZ`kp`ji\[lZ\[kf]fli%
:
Æ\c\Zki`ZXccpX[aljkXYc\n`k_d\dfip
ÆX`iZfe[`k`fe\[
Æi\Xi_\X[i\jkj#\c\Zki`ZXccpX[aljkXYc\
Æi\Xij`[\X`iYX^j
=fli$qfe\X`iZfe[`k`fe`e^
I\Xij\Xk\ek\ikX`ed\ek
:
;
I\Xij\Xkjc\]kXe[i`^_k
=`o\[i\XiZ\eki\Zfejfc\n`k_nff[`ecXpj!!
ÆZffcYfo
ÆkXYc\n`k_nff[`ecXp#X[aljkjXe[i\kiXZkj
9
:
@eX[[`k`fek_\i\`j]fli$qfe\X`iZfe[`k`fe`e^#n`k_j\gXiXk\i\XiZc`dXk\qfe\j%
ÆYf[pk\dg\iXkli\$j\ej`e^Zc`dXk\Zfekifcm`X`e]iXi\[j\ejfi Æ]ifekj\XkgXjj\e^\i_\X[i\jk#\c\Zki`ZXccp]fc[`e^
Æi\dfk\ZfekifcI\XiJ\XkI\cXoXk`feJpjk\ddXjjX^\]leZk`fej Æj\XkZlj_`feX`iYX^
8
9
K_\I\XiJ\XkLg^iX[\gXZbX^\jgifm`[\k_\_`^_\jkc\m\cjf]Zfd]fikXe[
i\]`e\d\ek%I\Xij\XkjXi\X`iZfe[`k`fe\[Xe[\c\Zki`ZXccpX[aljkXYc\n`k_d\dfip%
C\]ki\Xij\Xkn`k_]ffki\jk#\c\Zki`ZXccpi\Zc`e`e^!
8
=
8%
9%
:%
;%
<%
=%
I\Zc`e`e^j\Xk
n`k_]ffki\jk
:ffcYfo
I\XiZfejfc\
Zfekifcj
I\dfk\Zfekifcj
8[aljkXYc\kXYc\
;ifg$[fne
dfe`kfi
Æi\XiZc`dXk\jpjk\dlg^iX[\
Æj\gXiXk\k\dg\iXkli\Zfekifcj#c\]kXe[i`^_k
Æiff]$c`e`e^dflek\[Zc`dXk\[`]]lj\ij
Æjlej_X[\j#\c\Zki`ZXccpfg\iXk\[]fii\Xi[ffin`e[fnj
ÆZffcYfo
Dlck`$]leZk`fei\XiZ\eki\Xidi\jk
ÆZfekifcj]fiZc`dXk\#Xl[`f#j\XkjXe[jlej_X[\fg\iXk`fe
@EK<I@FILG>I8;<G8:B8><J
=fiCJ-''_Xe[CJ-''_Cdf[\cjpflZXeXcjf_Xm\k_\[Xj_YfXi[Xe[lgg\i
[ffigXe\cjlg_fcjk\i\[`ec\Xk_\iXjXeX[[`k`fekfk_\@ek\i`fiLg^iX[\gXZbX^\%
I<8IJ<8KLG>I8;<8E;I<8IJ<8K<EK<IK8@ED<EKG8:B8><
Æj\d`$Xe`c`e\c\Xk_\ij\Xkj
Æc\Xk_\i[ffi`ek\^iXk\[Xidi\jk
Æ8cZXekXiXžiff]$c`e`e^
Æ8cZXekXiXžg`ccXi$]`e`j_`e^
Æiff]$c`e`e^dflek\[[ifg$[fnedfe`kfi
Æ0$`eZ_Zfcflin`[\jZi\\edfe`kfi
Æi\dfk\Zfekifc
8% J\d`$Xe`c`e\c\Xk_\i
9% 8cZXekXiXž
:% C\Xk_\ilgg\i[ffigXe\cj!
8jXYfm\#YlkX[[`k`feXccpn`k_1
I\XiJ\Xk<ek\ikX`ed\ek
8%
9%
:%
;%
I\XiZc`dXk\qfe\j
<c\Zki`Zjlej_X[\
:fem\e`\ekZfekifcj
0$`eZ_n`[\jZi\\e
C<OLJ
:FCC<:K@FE
K?<C<OLJ:FCC<:K@FE
?FNKFFI;<I
K_\]le[Xd\ekXc^l`[`e^gi`eZ`gc\]fi
C\olj`jk_\glijl`kf]g\i]\Zk`fe%N\
Zi\Xk\clolipm\_`Zc\jf]i\]`e\d\ek
Xe[jkpc\#ZfdY`e\[n`k_`eefmXk`fe#
k\Z_efcf^`ZXc\oZ\cc\eZ\Xe[i\c`XY`c`kp%
K_\C\olj:fcc\Zk`fe`jXmX`cXYc\]ifd
pflicfZXcC\olj:\eki\%
K_\j\Xi\hlXc`k`\jn\Y\c`\m\pfl
cffb]fi#efkfecp`epflim\_`Zc\#Ylk`e
fk_\iXi\Xjf]pflic`]\kff%N_`Z_`j
n_pn\Ëm\Xggc`\[k_\jXd\\oXZk`e^
jkXe[Xi[jkfk_\C\olj:fcc\Zk`fe#X
iXe^\f]Zcfk_`e^#clolip^`]kj#^fc]`e^
Xe[kiXm\cXZZ\jjfi`\jk_Xkjg\Xb
mfcld\jXYflkhlXc`kp#n`k_flk_Xm`e^
kfj_flkXYflk`k%
<m\ip`k\d`ek_\C\olj:fcc\Zk`fe
`jXjkXk\d\ek`ejkpc\%;`jZi\\k%N\cc
dX[\%<og\ikcp]`e`j_\[%8Yfm\Xcc#
[\j`iXYc\%@e]XZk#\m\ipk_`e^pflËm\
Zfd\kf\og\Zk]ifdC\olj%
K_\:fcc\Zk`fe`jZfek`elXccpY\`e^
i\]i\j_\[%Gc\Xj\ZfekXZkpfliC\olj
:\eki\]fi[\kX`cjf]XmX`cXY`c`kp%
8%
C <OL''0,
D\eËj,$`e$(Jkfidk\Z_aXZb\k#
J$OOC
C<OL''0-
8cjfXmX`cXYc\`ecX[`\jË]`kJ#D#C
9%
C <OL'()(
@kXc`XegXik$c\Xk_\icXgkfgYX^
n`k_dlck`gc\ZfdgXikd\ekjXe[
i\dfmXYc\j_flc[\ijkiXg
: C<OL'(+*
K_\Dfd\ekldNXkZ_#
j\c]$gfn\i`e^
FNE@E>8C<OLJ
8
N\nXekkf\ejli\k_Xkpfl\eafp[i`m`e^pfliC\olj
Xepn_\i\`e<lifg\n`k_Zfdgc\k\g\XZ\f]d`e[%
K_`j`jn_pn\gifm`[\pfln`k_C\oljIfX[j`[\
8jj`jkXeZ\#gifm`[\[Ypk_\I8:#)+_flijX[Xp#
*-,[XpjXp\Xi`eYfk_k_\LBXe[<lifg\!%Pfli
d\dY\ij_`g^`m\jpflg\ijfeXcZfm\i%K_Xkd\Xej
pflXi\\ek`kc\[kfk_\]lcciXe^\f]I8:Y\e\]`kjXe[
j\im`Z\jXjk_\[i`m\ifigXjj\e^\if]Xepm\_`Zc\#
efkaljkn_`c\[i`m`e^pfliC\olj%PfligXike\i`jXcjf
\c`^`Yc\]fik_\jXd\Zfm\igifm`[\[pflYfk_i\j`[\
Xkk_\jXd\X[[i\jj%KfdXb\lj\f]k_`jX[[\[
Yfelj#gc\Xj\i\^`jk\ipfligXike\in`k_C\olj
IfX[j`[\8jj`jkXeZ\fe'/''(-0'*0*%
!C\oljIfX[j`[\8jj`jkXeZ\`jgifm`[\[]fik_\]`ijk
k_i\\p\Xijf]fne`e^k_\ZXi%
K?I<<$P<8I:FDGI<?<EJ@M<N8II8EKP
9
:
;% C <O'')'
Ki\mfik_\Zl[[cpk\[[pY\Xi
<% C <OL'(*+
<oZclj`m\C\oljgfc`j_\[d\kXc
Zl]]c`ebj#`e^`]kYfo
=% C<OL',.
:ifjj8KOYcXZbifcc\iYXccg\e
;
8ep[\]\Zkk_Xk`jXkki`YlkXYc\kfXdXel]XZkli`e^
fiXjj\dYcp[\]\Zkle[\iefidXclj\`jZfm\i\[Yp
pflinXiiXekp%K_`jgifm`j`feXggc`\j]fiXg\i`f[f]
k_i\\p\Xijfi-'#'''d`c\j#n_`Z_\m\iZfd\j]`ijk#
n`k_efd`c\X^\c`d`k]fik_\]`ijkp\Xi%@ek_\\m\ekf]
XYi\Xb[fne`ddfY`c`j`e^pfliC\olj#k_\Zfjkf]
i\Zfm\i`e^`kkfk_\e\Xi\jkC\olj:\eki\
`jXcjfZfm\i\[`]k_XkYi\Xb[fne`jk_\i\jlckf]
XnXiiXekXYc\[\]\Zk%
K?I<<$P<8IJLI=8:<ILJK8E;
G8@EKNFIBN8II8EKP
<
=
K_\nXiiXekpf]]\ijk_i\\p\Xijf]Zfm\i]fijli]XZ\
iljkXe[gX`ek[\]\ZkjXgg\Xi`e^feXepf]k_\
gX`ek\[Yf[pgXe\cj[l\kfX]Xlck`edXk\i`Xcfi
nfibdXej_`g%K_\i\`jefd`c\X^\i\jki`Zk`fefek_`j%
=@M<$P<8I?P9I@;:FDGFE<EK
N8II8EKP
=fi_pYi`[df[\cj#Z\ikX`eZfdgfe\ekjn`k_`ek_\
_pYi`[[i`m\kiX`ejpjk\d_Xm\X]`m\$p\Xifi-'#'''
d`c\jnXiiXekp#n_`Z_\m\iZfd\j]`ijk%
()$P<8I:FIIFJ@FEG<I=FID8E:<
N8II8EKP
8()$p\Xilec`d`k\[d`c\X^\nXiiXekpZfm\ijk_\
m\_`Zc\X^X`ejkiljkg\i]fiXk`fek_ifl^_Xepj_\\k
d\kXcYf[pgXe\cjlYa\ZkkfZ\ikX`e\oZclj`fej
jg\Z`]`\[`ek_\nXiiXekpYffbc\k fZZlii`e^XjX
i\jlckf]XdXel]XZkli`e^fiXjj\dYcp[\]\Zk`ek_\
m\_`Zc\%K_\nXiiXekpYffbc\kjlggc`\[n`k_\XZ_
e\nm\_`Zc\^`m\j]lcc[\kX`cj%K_`jnXiiXekp`jXcjf
kiXej]\iXYc\kfjlYj\hl\ekfne\ij%
8::<JJFI@<J
Gc\Xj\ZfejlckpflicfZXcC\olj:\eki\]fik_\]lcc
jg\Z`]`ZXk`fef]Xggifm\[C\olj8ZZ\jjfipgif[lZkj%
C<OLJJ<IM@:<
=filj#ZXi`e^]fipfliC\olj`jk_\\hl`mXc\ekf]
ZXi`e^]fipfl#fliZljkfd\i%<XZ_d\dY\if]k_\
C\oljk\Xd#]ifdk_\[\j`^e\ijkfk_\jXc\jg\fgc\#
]ifdk_\\e^`e\\ijkfk_\j\im`Z\k\Z_e`Z`Xej#_Xj
Zfeki`Ylk\[_`jfi_\ijb`ccjXe[[\[`ZXk`fekf\ejli\
k_Xkpfl\og\i`\eZ\k_\_`^_\jkc\m\cjf]ZXi\%K_`j
\ok\e[jkf\m\ipXjg\Zkf]flij\im`Z\%N_\i\m\i
gfjj`Yc\n\n`ccgifm`[\Xi\gcXZ\d\ekZXin_`c\
pflij`jY\`e^dX`ekX`e\[Xe[n\X`dkf\ejli\k_Xk
Xepk`d\pfljg\e[n`k_lj`ek_\C\oljCfle^\
`ji\cXo`e^Xe[\eafpXYc\%I\X[XgXg\i#nXkZ_
k\c\m`j`fe#fi\m\enfibfepflicXgkfg%<oZ\cc\eZ\f]
j\im`Z\`jdfi\k_XealjkX^fXc#`kËjXgXjj`fe]fiXccf]
lj%8e[#k_ifl^_fliC\olj:Xi\Ÿgif^iXdd\#k_Xk
gXjj`fe\e[li\jcfe^X]k\ipfliZXi_Xjc\]k
k_\j_fniffd%
C<OLJ=@E8E:@8CJ<IM@:<J
C\olj=`eXeZ`XcJ\im`Z\jf]]\ijYfk_gi`mXk\Xe[
Ylj`e\jjZljkfd\ijXn`[\iXe^\f]]`eXeZ\
gcXej%=ifdk_\X]]fi[XY`c`kpf]fli?`i\GliZ_Xj\
Xe[:fekiXZkGliZ_Xj\gcXej#k_ifl^_kfk_\
Zfdg\k`k`m\e\jjf]fli:fekiXZk?`i\Xe[C\Xj`e^
gXZbX^\j#C\olj=`eXeZ`XcJ\im`Z\j_XjXgif[lZk
pflZXekX`cfikfpfli`e[`m`[lXci\hl`i\d\ekj%
J`dgcpm`j`kpflicfZXcC\olj:\eki\kf[`jZfm\i
Xe[[`jZljjk_\dfjkjl`kXYc\gXZbX^\%Kf_\cg
dXo`d`j\pfli\eafpd\ekf]pflie\nZXin\Xcjf
f]]\iXZfdgi\_\ej`m\Z_f`Z\f]`ejliXeZ\gcXej
kfgifk\ZkpflXe[pfli`em\jkd\ek%
Gc\Xj\m`j`knnn%C\olj%Zf%lb&=`eXeZ`XcVJ\im`Z\j
]fi[\kX`c\[`e]fidXk`fefefligif[lZkj%
C\olj=`eXeZ`XcJ\im`Z\j`jXkiX[`e^eXd\f]KfpfkX
=`eXeZ`XcJ\im`Z\jLB GC:%KfpfkX=`eXeZ`Xc
J\im`Z\jLB GC:`jXlk_fi`j\[Xe[i\^lcXk\[Yp
k_\=`eXeZ`XcJ\im`Z\j8lk_fi`kp%
NFIC;$C<8;@E>HL8C@KP
J`eZ\`kjcXleZ_C\olj_XjY\\e`ek_\mXe^lXi[
f]n_Xk`jXZ_`\mXYc\`ek_\clolipXlkfdfY`c\
ZXk\^fip%Flic`jkf]XnXi[jXe[hlXc`kpi\Zfi[j
Xi\giff]f]k_`jXZ_`\m\d\ek1
› C\oljnfek_\>fc[8nXi[`ek_\)''.A%;%
Gfn\iXe[8jjfZ`Xk\jLB:ljkfd\iJXk`j]XZk`fe
Jkl[p]fik_\j\m\ek_jlZZ\jj`m\p\Xi#`dgifm`e^
`kji\jlckj`eXcc]fliZXk\^fi`\jÆHlXc`kpXe[
I\c`XY`c`kp#M\_`Zc\8gg\Xc#J\im`Z\JXk`j]XZk`feXe[
Fne\ij_`g:fjkj%
› K _\CJ-''_nfe9\jkClolip:XiXe[:_Xl]]\li
:XiF]k_\P\XiXkk_\)''/=c\\knfic[?feflij
› C \oljnXjal[^\[k_\9\jk:XikfJ\cc`ek_\cXk\jk
XeelXcJ\n\ccj;\Xc\i8kk`kl[\Jlim\p#]`e`j_`e^kfg
`e(*flkf](,ZXk\^fi`\j%
› C \oljnfek_\8lkfdfk`m\DXeX^\d\ek
:XidXb\if]k_\P\XiXnXi[`e)''-]fik_\k_`i[
Zfej\Zlk`m\p\Xi%
› C\oljnXjmfk\[9\jkDXel]XZkli\i`ek_\)''.
8lkf<ogi\jj:XiI\c`XY`c`kpXe[JXk`j]XZk`fejlim\p
]fik_\j`ok_Zfej\Zlk`m\p\Xi%
INTERIOR
COLOURS
Achieving balance in the
LS Series is important. For this
reason, we have taken great care
to offer a selection of interior
uphostery combinations that is
as distinctive as it is tasteful.
The standard leather and wood
combinations for the LS Series
are as follows.
INTERIOR COMBINATIONS (All LS models)
Leather colour
Wood inlay
A. Ivory
Medium brown walnut
B. Black
Medium brown walnut
C. Grey
Dark grey bird’s eye maple
D. Mellow white
Dark brown ash burl
Dashboard (Upper / Lower)
Black / Ivory
Black / Black
Black / Grey
Black / Mellow white
EXCLUSIVE COMBINATIONS (LS 600h and LS 600h L)
Leather colour
Wood inlay
E. Grey
Dark grey bird’s eye maple
F. Mellow white
Dark brown ash burl
Dashboard (Upper / Lower)
Black / Black
Black / Black
A
B
C
D
E
F
Please visit your local Lexus Centre to view swatches of interior materials.
EXTERIOR
COLOURS
There are 11 exterior colour choices with the LS 600h and 10 with
the LS 460. Each has been carefully designed to appeal to the
individuality of each owner and we have developed a high-integrity
finish to perfectly complement the vehicle's visual appeal.
Arctic Pearl (077)
Velvet Black* (212)
Windsor Blue (8u 0)
Byzantine Silver (1G5)
Obsidian Black** (214)
Sable (4T5)
Palladio Silver (1F2)
Siena Red (3R7)
Tuscan Olive (6V0)
Cadoxton Slate (1G0)
Namibian Gold (4T1)
Please visit your local Lexus Centre to view colour swatches.
* Non-metallic colour
** Only available for the LS 600h and LS 600h L
Please note: Due to printing variances, actual paintwork colours may vary slightly from
those illustrated. All exterior colours are illustrated using an LS 460. These images are
intended to illustrate paintwork colours only and not availability by model. Although Dark
Opal is shown on an LS 460, it is only available to order on an LS 600h or LS 600h L.