8/9/2019 JP MORGAN - David Fernandez

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Miqk Akphihmk|

Dfgka Kdnhnegt} Ihm Fkim Na Eipok} T}pi}kjw# KE Itgi

/1; 1660%0=19

miqgm(j(akphihmk|Blrenpjih(Dne

Itgih Tnqkpkgjh Agvkm Ghdnek< Ghqkt}npt* Rkptrkd}gqkt

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Hnqke`kp 0227

8/9/2019 JP MORGAN - David Fernandez

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LRE Ghqkt}np T{pqkw< Icc Ghqkt}npt

pkdnpm fgjft( ]fk nqkpicc tdnpk gt i} 9(= ijight} ih icc%}gek fgjf na 9(6# zg}f

dpnttnqkp ghqkt}npt hnz dcntkt} }n }fkgp pkdnpm fgjft(

Ditf `icihdkt fiqk mkdcghkm# `w 2(0+ }n =(6+# `{} t}gcc pkeigh pkci}gqkcw fgjf it

ghacnzt }n }fk ittk} dcitt fiqk pkeighkm pn`{t}( T}pi}kjgd ghacnzt fiqk pkeighkm

t}pnhj# zfgck rpkcgeghipw kt}gei}kt nh Lirihktk pk}igc a{hm ghacnzt ipk rntg}gqk( Tn{pdk< L(R(Enpjih

pkdkh} pk`n{hmt fiqk tgjhgagdih}cw tcnzkm enekh}{e gh KE tnqkpkgjh dpkmg} rkpanpeihdk(

ipk zgmkp }fih `n}f % gh Ekvgdn ihm Rfgcgrrghkt# dnh}gh{ghj tfnp}%dnqkpghj# ihm pk%kh}kpghj cipjk naa%ghmkv rntg}gnht gh Onpki(

Rpnag}%}ioghj kekpjkm gh [opighk# ijight} dnh}gh{km ghdpkitkt gh Qkhk|{kci ihm hn dfihjk gh Ipjkh}ghi# ghmgdi}ghj tnek

mgaakpkh}gi}gnh idpntt }fk fgjf `k}i dpkmg}t kekpjghj( Ghqkt}npt ictn tdickm `ido Rkp{ kvrnt{pkt(

N{p y{kt}gnht }fgt enh}f and{ttkm nh KE dnprnpi}k `khdfeipoghj< ghqkt}npt pkrnp} fncmghj hnz [T-=(7 `gccgnh gh a{hmt

`khdfeipokm ijight} }fk DKE@G ghmgdkt( ]fktk a{hmt ipk trpkim idpntt 99 eihijkpt# ic}fn{jf eihw enpk eihijkpt ipk

4

Ok ngh}t apne }fgt enh}f*t t{pqk

Kekpjghj Eipok}t Kv}kphic Mk`}