<SEC-DOCUMENT>0001193125-11-192979.txt : 20110721
<SEC-HEADER>0001193125-11-192979.hdr.sgml : 20110721
<ACCEPTANCE-DATETIME>20110721062149
ACCESSION NUMBER:		0001193125-11-192979
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20110721
FILED AS OF DATE:		20110721
DATE AS OF CHANGE:		20110721

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ERICSSON LM TELEPHONE CO
		CENTRAL INDEX KEY:			0000717826
		STANDARD INDUSTRIAL CLASSIFICATION:	RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			V7
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-12033
		FILM NUMBER:		11978674

	BUSINESS ADDRESS:	
		STREET 1:		TORSHAMNSGATAN 21 - 23
		CITY:			STOCKHOLM SWEDEN
		STATE:			V7
		ZIP:			164 83
		BUSINESS PHONE:		46107190000

	MAIL ADDRESS:	
		STREET 1:		S 164 83 STOCKHOLM
		CITY:			SWEDEN
		STATE:			V7
		ZIP:			0000

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LM ERICSSON TELEPHONE CO
		DATE OF NAME CHANGE:	19911030
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>d6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
<HTML><HEAD>
<TITLE>Form 6-K</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="line-height:0px;margin-top:0px;margin-bottom:0px;border-bottom:0.5pt solid #000000">&nbsp;</P>
<P STYLE="line-height:3px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000">&nbsp;</P> <P STYLE="margin-top:4px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="5"><B>SECURITIES AND EXCHANGE
COMMISSION </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>Washington, D.C. 20549 </B></FONT></P>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center> <P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="5"><B>FORM 6-K </B></FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center>
<P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>REPORT OF
FOREIGN ISSUER </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>Pursuant to Rule 13a-16 or 15d-16 of </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>the Securities Exchange Act of 1934 </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>July&nbsp;21, 2011 </B></FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center>
<P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="6"><B>LM ERICSSON
TELEPHONE COMPANY </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>(Translation of registrant&#146;s name into English) </B></FONT></P>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center> <P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Torshamnsgatan 23, Kista </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>SE-164 83, Stockholm, Sweden </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>(Address of principal executive offices)
</B></FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center> <P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">Form
20-F&nbsp;&nbsp;<FONT STYLE="FONT-FAMILY:WINGDINGS">&#120;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form 40-F&nbsp;&nbsp;<FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT> </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">Yes&nbsp;&nbsp;<FONT
STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;&nbsp;<FONT STYLE="FONT-FAMILY:WINGDINGS">&#120;</FONT> </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B></B>Announcement of LM Ericsson Telephone Company, <B>dated July&nbsp;20, 2011</B> regarding &#147;ST&#150;Ericsson&#146;s second quarter report 2011&#148;<B> </B></FONT></P>
<P STYLE="font-size:8px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="line-height:0px;margin-top:0px;margin-bottom:0px;border-bottom:0.5pt solid #000000">&nbsp;</P>
<P STYLE="line-height:3px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000">&nbsp;</P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SIGNATURES </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR>
<TD VALIGN="top" COLSPAN="3"><FONT STYLE="font-family:Times New Roman" SIZE="2">T<SMALL>ELEFONAKTIEBOLAGET</SMALL> LM E<SMALL>RICSSON</SMALL> (publ)</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">By:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">/<SMALL>S</SMALL>/ <SMALL>NINA</SMALL> <SMALL>MACPHERSON</SMALL></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Nina Macpherson</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Senior Vice President and</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>General Counsel</B></FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">By:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">/<SMALL>S</SMALL>/ <SMALL>HENRY</SMALL>
S<SMALL>T&Eacute;NSON</SMALL></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Henry St&eacute;nson</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Senior Vice President</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Corporate Communications</B></FONT></TD></TR>
</TABLE></DIV> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Date: <B>July&nbsp;21, 2011</B> </FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">

<TR>
<TD WIDTH="81%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="16%"></TD></TR>
<TR>
<TD VALIGN="middle">


<IMG SRC="g211797g84q27.jpg" ALT="LOGO">
</TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="middle"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Press Release</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="2">July 20,
2011</FONT></P></TD></TR></TABLE> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">ST&#150;Ericsson reports second quarter 2011 financial results </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="1%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">Net sales $385 million </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="1%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">Adjusted operating
loss</FONT><FONT STYLE="font-family:Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">1) </SUP></FONT><FONT STYLE="font-family:Times New Roman" SIZE="2">$ 181&nbsp;million </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="1%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">Revenue from new products grew sequentially </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Geneva, Switzerland, July&nbsp;20, 2011<B> </B>-<B></B> <B></B>ST&#150;Ericsson, a joint venture of STMicroelectronics (NYSE:STM) and Ericsson (NASDAQ:ERIC), reported financial results for the second
fiscal quarter ending July&nbsp;2, 2011. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;The lower second quarter revenue was substantially in line with our expectations,&#148; said
Gilles Delfassy, president and CEO of ST&#150;Ericsson. &#147;In the quarter we saw legacy product sales decline again sequentially contributing to a wider operating loss; however, we saw revenue from new products grow over the prior quarter,
reaching about 45 percent of total sales . </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;Our high&#150;speed Thor&#153; modem revenue grew more than 20 percent sequentially as new
HSPA+ phones continued to ramp in the market. Also in the quarter we delivered first samples of our Thor M7400 LTE modem and conducted field trials on our NovaThor&#153; U8500 platform with several customers. We are very pleased with our increasing
progress on the NovaThor U8500, although initial volumes will be somewhat lower due to reduced demand at certain customers. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;We continue
to be encouraged by the traction we have with industry&#150;leading customers on our new platforms; however, we are keenly aware of our current financial situation. As announced in June, we are taking additional actions aimed at reducing costs while
not compromising the execution of our new products and delivery to customers. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;While the present financial situation is very tough, we
are on track to complete the transition to our new product portfolio in order to realize our aim of profitable leadership in this market.&#148; </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">1 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">

<TR>
<TD WIDTH="81%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="16%"></TD></TR>
<TR>
<TD VALIGN="middle">


<IMG SRC="g211797g84q27.jpg" ALT="LOGO">
</TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="middle"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Press Release</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="2">July 20,
2011</FONT></P></TD></TR></TABLE> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="76%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>


<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">2011 second quarter financial summary (unaudited)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP> <P STYLE="border-bottom:1px solid #000000;width:29pt"><FONT STYLE="font-family:Times New Roman" SIZE="1">$ million</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1">Q2&nbsp;2011</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1">Q1&nbsp;2011</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1">Q2&nbsp;2010</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Income Statement</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">NET SALES</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">385</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">444</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">544</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">OPERATING INCOME/(LOSS) ADJUSTED </FONT><FONT STYLE="font-family:Times New Roman" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex">1) </SUP></FONT><FONT STYLE="font-family:Times New Roman" SIZE="2">for:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">(181</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">)&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">(149</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">)&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">(118</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">)&nbsp;</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">- amortization of acquisition-related intangibles</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">(25</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">)&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">(25</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">)&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">(25</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">)&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">- restructuring charges</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">(15</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">)&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">(4</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">)&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">(5</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">)&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">OPERATING INCOME / (LOSS) as reported</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">(222</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">)&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">(178</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">)&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">(148</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">)&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">NET INCOME / (LOSS)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">(221</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">)&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">(178</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">)&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">(139</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">)&nbsp;</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP> <P STYLE="border-bottom:1px solid #000000;width:29pt"><FONT STYLE="font-family:Times New Roman" SIZE="1">$ million</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1">Q2 2011</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1">Q1 2011</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1">Q2 2010</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Net Financial Position </FONT><FONT STYLE="font-family:Times New Roman" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex">2)</SUP></FONT><FONT STYLE="font-family:Times New Roman" SIZE="2"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Cash, cash equivalents&nbsp;&amp; short-term deposits</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">18</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">39</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">43</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Parent companies short- term credit facilities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">(445</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">)&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">(234</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">)&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">0</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Net Financial Position</FONT><FONT STYLE="font-family:Times New Roman" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex">2)</SUP></FONT><FONT STYLE="font-family:Times New Roman" SIZE="2"></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">(427</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">)&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">(195</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">)&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">43</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Additional financial information </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">The net financial position at the end of the second quarter was negative $427 million. The sequential decrease was mainly due to the operating loss. During the second quarter the company sold trade
receivables without recourse, of which $179 million were outstanding at the end of the quarter, representing a sequential increase of $31 million. Inventory decreased by $3 million, reaching $318 million at the end of the quarter. </FONT></P>
<P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Outlook </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">For the third quarter 2011,
ST-Ericsson expects net sales to be about flat sequentially, reflecting increased revenue from new products offset by lower R&amp;D services sales for advanced modem development and a continued decline in legacy product sales. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">2 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">

<TR>
<TD WIDTH="81%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="16%"></TD></TR>
<TR>
<TD VALIGN="top">


<IMG SRC="g211797g84q27.jpg" ALT="LOGO">
</TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="middle"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Press Release</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="2">July 20,
2011</FONT></P></TD></TR></TABLE> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Highlights &#150; products, technology and wins announced in second quarter 2011 </FONT></P>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><U>Products</U> </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="12%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">Launched the Thor M5780 21Mbps, tailored for smartphones and 30 percent smaller compared to previous modem solutions. </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><U>Customers</U> </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="12%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">As of the end of first quarter, Ericsson had approximately 100 design wins for notebooks and netbooks and 25 design wins for tablets with modules using
ST&#150;Ericsson modems, with the majority based on the Thor M57xx 21Mbps family </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="12%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">Samsung selected the Thor M5720 modem to underpin the Samsung Infuse&#153; 4G smartphones launched with AT&amp;T in the US
</FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="12%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">In June T&#150;Mobile USA introduced the Samsung Exhibit&#153; 4G which is underpinned by ST&#150;Ericsson&#146;s 21Mbps Thor modem
</FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="12%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">All new Panasonic Toughbook&#153; computers will feature Ericsson&#146;s mobile broadband module, based on the ST&#150;Ericsson Thor 21Mbps modem.
</FONT></P></TD></TR></TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Financial results appendix (unaudited) </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">2010 financial results by quarter </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="72%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>

<TR>
<TD VALIGN="bottom" NOWRAP> <P STYLE="border-bottom:1px solid #000000;width:29pt"><FONT STYLE="font-family:Times New Roman" SIZE="1">$ million</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1">Q1&nbsp;2010</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1">Q2&nbsp;2010</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1">Q3&nbsp;2010</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1">Q4&nbsp;2010</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Income Statement</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">NET SALES</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">606</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">544</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">565</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">577</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">OPERATING INCOME/(LOSS) ADJUSTED </FONT><FONT STYLE="font-family:Times New Roman" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex">1) </SUP></FONT><FONT STYLE="font-family:Times New Roman" SIZE="2">for:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">(114</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">)&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">(118</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">)&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">(85</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">)&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">(119</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">)&nbsp;</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#150; amortization of acquisition&#150;related intangibles</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">(24</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">)&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">(25</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">)&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">(25</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">)&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">(28</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">)&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#150; restructuring charges</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">(27</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">)&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">(5</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">)&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">(19</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">)&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">(24</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">)&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">OPERATING INCOME / (LOSS) as reported</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">(164</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">)&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">(148</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">)&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">(129</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">)&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">(171</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">)&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">NET INCOME / (LOSS)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">(154</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">)&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">(139</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">)&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">(121</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">)&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">(177</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">)&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Footnotes </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">1)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">The adjusted operating income/(loss) is defined as the operating income/(loss) reported before amortization of acquisition&#150;related intangibles and restructuring
charges and is used by management to help enhance the understanding of ongoing operations and to communicate the impact of the items on the operating loss as reported. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">2)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Net financial position represents the balance between financial assets, which comprise cash, cash equivalents and short&#150;term deposits, and financial debt which
includes bank overdrafts and parent companies short-term bridge credit facilities </FONT></TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">3 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">

<TR>
<TD WIDTH="81%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="16%"></TD></TR>
<TR>
<TD VALIGN="top">


<IMG SRC="g211797g84q27.jpg" ALT="LOGO">
</TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="middle"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Press Release</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="2">July 20,
2011</FONT></P></TD></TR></TABLE> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Notes to editors </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">ST-Ericsson invites journalists, analysts and investors to a conference call scheduled on July&nbsp;21 at 5pm CET. Call-in numbers, a live webcast of the conference call, as well as supporting slides,
will be available at <U>www.stericsson.com/investors/investors.jsp</U>. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">About ST-Ericsson </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">ST-Ericsson is a world leader in developing and delivering a complete portfolio of innovative mobile platforms and cutting-edge wireless semiconductor
solutions across the broad spectrum of mobile technologies. The company is a leading supplier to the top handset manufacturers and generated sales of $2.3 billion in 2010. ST-Ericsson was established as a 50/50 joint venture by STMicroelectronics
(NYSE:STM) and Ericsson (NASDAQ:ERIC) in February 2009, with headquarters in Geneva, Switzerland. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><U>www.stericsson.com</U> </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><U>www.twitter.com/STEricssonForum</U> </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="47%"></TD></TR>


<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">FOR FURTHER INFORMATION, PLEASE CONTACT:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Global Communications&nbsp;&amp; Media Relations</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Investor &amp; Analyst Relations</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Carol Streitberger Brighton, Geneva, Switzerland</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Fabrizio Rossini, Geneva, Switzerland</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Phone: +41 22 929 6973</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Email: investor.relations@stericsson.com</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Kristina Embring Klang, Lund, Sweden</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Public &amp; Media Relations</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Phone: +46 46 103 194</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Roland Sladek, Geneva, Switzerland</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Email: media.relations@stericsson.com</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Phone: +41 22 930 2733</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Ericsson Investor Relations</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">STMicroelectronics Investor Relations</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Asa Konnbjer, Stockholm, Sweden</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Tait Sorensen, Phoenix AZ, US</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Phone: +46 10 713 3928</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Phone: +1 602 485 2064</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">E-mail: investor.relations@ericsson.com</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Celine Berthier, Geneva, Switzerland</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Phone: +41 22 929 5812</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Email: investors@st.com</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">### </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">The ST-Ericsson results reported in this press release do not reflect in their entirety the results of the Wireless Segment of STMicroelectronics, which include other activities that are not part of
ST-Ericsson. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">### </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">This press release contains forward-looking statements that involve inherent risks and uncertainties. We have identified certain important factors that
may cause actual results to differ materially from those contained in such forward-looking statements. For a detailed description of risk factors see STMicroelectronics&#146; (NYSE:STM) and Ericsson&#146;s (NASDAQ:ERIC) filings with the US
Securities and Exchange Commission, particularly each company&#146;s latest published Annual Report on Form 20-F. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">4 </FONT></P>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>g211797g84q27.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g211797g84q27.jpg
M_]C_X``02D9)1@`!`@``9`!D``#_[``11'5C:WD``0`$````9```_^X`#D%D
M;V)E`&3``````?_;`(0``0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0("`@("`@("`@("`P,#`P,#`P,#`P$!`0$!`0$"`0$"
M`@(!`@(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#
M`P,#`P,#`P,#_\``$0@`90$=`P$1``(1`0,1`?_$`,\``0`"`@(#`0$`````
M```````("0<*`08#!`4""P$!``("`P$!`0````````````<(!@D!!`4"`PH0
M```%`P,$``0#!0((#P````$"`P0%`!$&$@<((3$3"4%1(A1A%19QD3)"(X$E
MH5(DU)5&&#BQP=%B,T-3M'4V5K87&0H1``$"!0,"`P0$"`H(!`<!``$"`P`1
M!`4&(1(',0A!41-A<2(R@9$4%?"AL<%"4B,ST6)RLI.SM!87&.'2<R0T-3<)
M@U15)X)#4V-D=$4X_]H`#`,!``(1`Q$`/P#?XI"%(0I"%(0I"%(0I"%(0I"%
M(0I"%(0I"%(0I"%(0I"%(0I"%(0I"%(0I"%(0I"%(0I"%(0I"%(0I"%(0I"%
M(0I"%(0I"%(0I"/E3<W%8[&/9F;?-HR)CFRKM_(/5B-VC1LB76HJLLH(%*`%
M[!W,/0`O7G76[6RQ6]Z[7FH9I;73ME;CKJ@AM"0)DJ4H@`".Y04%9=*MN@M[
M:WJYY80AM`*EK4K0!(&I]O@.IBMO,?97B+*6<,,"VXR#,F+1PLB:<>2+>!8.
M014%,'#-,Z#QPH@J`")!.4FH!OVK7CE__<4Q:WW-VAPG'J^[4;#A2:AQU-,V
MN1E-H;'5*'E/;,$&+;X_VA7^JHDU62W:EM]0XD'TDH4^M,Q,I40I"0H=#(F4
M9[V7Y2QN_P#BN;ABD"[QW<'&81VY;XU,N47'W#I=FZ_*735=OI(Y8GD42)'$
M2E,`CU``&ISX;[F+;SKC5X1C-`];L\MU*XM-&^M*PM:FE^BMMP;=[?J!*7!)
M)02)^<1CR/PM6\67FVF]U3=7B]:^$FH:2I.U"5I]5*DJF4K#9*DZD'S)B@C*
M,VY1JYRNXD\CWE2SX9`3)M47&4)/4'YU?Z+9C&-#(,BIBI8$[$,'X6K4!6YK
MW$JSKUKE6Y,C-$OD!&ZJ2Z#N,@EO]69D`E.PCV1LRM..\,)Q=--14>/N8J6S
M\933;"W+52W%;E$@3W3(C97V)<9R]VCVW>;FIJH9\OB<6IE*2O\`25_-C-@\
MIW*90*472J12F5+_`"*7K?7Q749-5<=6:JS1.W+7+>T:H$$'U-HGN"M0N0&_
MQW%0C4;R(QCM+G%VI\14%XPBM<33$:CT@K3:=?A!F$GQ3*,O5($85"D(4A"D
M(X$;`(_(+TAUZ1\][*Q\8V,[DWC6-:D-H4<OW*#1N0X]`*9=PHDD&H>W7J-=
M=VJIV$ERH6EM@?I*(2GZR?R^,=AJEJ*ET,TJ%NNGHE"2HGZ$@F.O$W$P$YQ3
M)F^'G.%AT%R:%,?J-@^D'NKJ;I^VO,_O-C<]OWA0[I]/7:_UX](XUD@3O-OK
M@GS]!V7U[(^T>>ATV2<BI)QJ;!40*F^/(,R,CG&_],CLRP('/8!Z`8>PUZ2Z
MVB;:%0X\TFG)D%%:0D^XSD=->L=%-OK5OFF2R\:@"92$**@/,IE,#WB/6_5V
M*!_K-C_^FHW_`#FNH+W9CJ*NE(_VK?\`K1^PLUX/2DJ?Z)?\$<?J[%/_`%-C
MW^FHW_.:Y^^K1_YNF_I4?ZT/N:\?^4JOZ)?^K'O,)J*E-?Y;),)'Q"4JHQ[U
MJ]!$37L"OVRJOCO8>]NU=EBNHZK6F=;<'\125=?Y)/XXZSU'5TP'VEMQHGIO
M24S]TP)Q]2NU'6A2$*0A2$*0A2$*0A2$*0A2$*0A2$*0A2$*0A2$*0A2$*0C
M@1L%<$RE[X>^*U_9&_G5,%V[@6)5?T[,Y:[-D"@:P;"YC6K=2$;NC`8A0*JX
M65,4#W(8Q0`:UZ_]PM^_O81C]AH_53CE;=736*1(`J::G3MK)/RK*G3MD=Q2
MG2<6X[1::UC*KK<ZDI^]Z:@1Z$SKM<6H/*2)&9"4I!EJ`3K%?6+8*BY0MX3^
M,I`L4X"32)!L!%KEL90;?R]/E5&,3PFGJ*9);$UR!ZIG(C22=`GPD#K%LKUD
MA:>40J1E.0$YSZD>SW_3%B'#/99_"9).[FR#1W'-SQAL?@TUP%$S\BRB:CUV
M=&Q1%ND"0%1'_G"-7S[2N(*W'[_6Y[7-O,TYI_LU/O'[TJ4%.N`2F4A*4HF=
M"J9$XJ7W#<AT5TM=+A]$XV\^AWUGB-0B0(0D']8SFKW`18F9DV,H"QD$#+E$
M!(L=!(ZI-(A82J&+Y`$+=[U?DTS!<]8H3ZLOFD-WUD3'N$5/#[B4>F"H-GJ`
M2`?HZ?BCV"D`HWO>U](6Z!?X_B;\:_0"7B?P]TO?'YE1,?NOJ/F%(0I"%(1X
MESE3064/?0FDH<]N^DA!,:W4.M@KY6H(05JZ`$_5'*05*`3\Q.D:7_(K>K>;
MEOR!FHPTA-2IIG-7N';?8'$R;IE"-FK.5<Q,&V:QHO$F8R#I!,3KN%1$QCB(
M]+!6DCDS/,YYBY)?HF7'G2]7&GHZ5"U!"0%;&TA),MROA*E&1*B25`"4;T>+
M<`P'A?C5FN+3#1:MR*FNK%H2IY2U-I==45E)5L2H@(;3(`><XS0U]2W-%PR;
MN3XKB:"AVX+!'N,Y8'<HG``-]JN<HF316OTN!Q`!^-9K_E!YU"`Z*:F]0@$C
M[6V%"?F)D&7L)!EUC`CWE\$A]2!5UI2%D;A2KVD=)@3!E]'2)G9'P5Y2/.`>
M&['M\;;K[GQ6];K*I&$)F;$44\7.RET4K33AV1L=,%%TQ!,I_P"RX5.MRX#Y
M5>[?:+!664+RAB^.5*T>N@294A:0=Y4$J.XI(3N,M2.D09:NX+B>G[CJ_/EU
M*DXF]8$T[;QIES-0%M$CTDC<-$J&XC\L5D[R<(.4>PN%.]Q-S\03@<29/X]@
MZ?-LQ829TG$HX%NU3!LRD5E!`5!`+ATJJ.:\#<M\>6!6390P:>RMK0A2Q4-+
M(4X=J!L2O?JK283IUBV6#<^\1<BWU&,XI6^O>EMK6$&E<0"E`F3N4@#IK'0]
MB.-&^G)1YDK+9Z"_4JV))QRTX5QE#:'\"<H98K,Q#2+U(I]8H&O\K5CG'G%_
M(/*7VE.'(54/4B4*<2IU+9`62`05E(5J#H#.6L9#R'RKQ_Q6W2/9O4"E;K2X
M&BFG6[,M[2J>Q)E\P^N+W_5MQ(W^XX9CNO,;S8^A`1F3XYCD=`MTLC9SNM]'
MRKY9R<2-'#E-N;[=0ES7`37K8)VH</<B<9WJ[UV;L!EFIIFFVCZR'2M06I2B
M`VI0`D935(^7C&O'NXYIX[Y0LMFM^#/JJ*BDJ7EO*+*F9)6T@`?$$E7Q`Z2T
MBZ*KN11B%(0I"%(0I"%(0I"%(0I"%(0I"%(0I"%(0I"%(0I"%(1XU3"4MP[Z
MB_L$+]0'Y`/SKY6K8F<I_A^/W1])D3(](JNY;>Q!/:W)WFV6S[>&G\PAESML
MKR"625=0N/N0*!@CF**"Q"R4JC?^N4Q@(D(VZC6O?N:[T4\;7!>%\:(IJ[*F
M%E-2^X@K8IU`?ND)"@'71^F9E"""G50(%R.#^UU6:VEO+L[6_2X]4`&G9;(2
M\\GIZBRH$MM*/R$`J5UZ1&K;CG=E><S#7$>0D/BF;[<Y`[:M91`D$2,=Q"JZ
MY"MI1M]LL<BJ;<3B)BG$IB%^H!JJN#=[N3Y=?F\0YWI;;>,"N+J4.;64,KIR
M3(.I4@I$FB9ZC?J=JIZ1,^7=LUCQN@5?^*JBNMN74B%+;F]ZB79)F6R5"8W"
M4B)@G0B+3V>R^P6W$2KF1XAHPAH]J62_,)&4=N6)&^@%VRZ*:RVA0ZA3!XR@
M`B8!#I6S)CB3A#C^UKRM=(RS9F$!_P!1YYQQL)/Q)4E*E'<92*1(SGM2#%,J
MCD?E/,*T8^FI<=KWE%LMMMH2LGHI)($P!KN/A$<L[Y[M8!P9/#,+:/XI$-#=
MQ+OEF2KC0.DHMV;,H^),Y>H`/P'K5>\U[VZ6Q5*V\5M++UL;3\*GW%(*I$Z)
M0W(('D#KYQ+>,]K;]T8!R"X.,UZS-264!83/KN6LZD>,HR-QZYP8%O3+H89,
MI)89G[I==.-A7+CS1\ZFB37_`'1(CI*+T.H&;*64N'2]9_P+WD8+S'6IQ:XH
M^Z<Y4X4MLK)4Q4R$YL/&4U$)7)M4E&6A5.,+Y4[<\KX[HE9!1G[?BJ9;W4B3
MC))E^U;_`%/)Q/P^<HFX<XE`!N4.H!8;ZA,/704/B(AVJXVX2)D>ABNVT'37
M\/.,8.=[-I660_I)[N=@+3)/,9L,&YRJ'1EB.;Z0;G:*.BF(N!AL)#6-^%8;
M4\AX-2W'[EJ+S:V[U,`LFI:#@)Z#:5;I^!T$CI&5T^"9K5VP7FGM%R7:R-P=
M33.ELI_6"@F1'M$Q&4$E/(&H!*(#82Z1`Q1*8+E,4P=#%.`W`:S%)GK.8\/P
M!/T1BBT[3(SGXSTU]T>6OJ/F%(1XU2E.DH0Y=1#IG*<O^,4Q1`Q>X=P&OE8!
M00K5)&L<I)2H*!D08TX^7_&7=OBIO5DV5M(;)(W"1S5YE.W6YT6EKCT"OI%2
M5CTE95`@MHR=8.')DP25`@CXN@B)JTL<T<49AQ/G=7=VF:I%A57%VDK4I44?
M&LK0GU$:)=03(I44DD="(W=\)\LX;S#@E)97WZ9W(A;T,5U`L@+.Q`;<(;5J
MXRM*0K<F?S2TE$Y.+?N&R:$<QF*\G8\D]CA&K=HVW)QB/T9`U<IE(B5;(H9-
M3[>716*%U5F^E8#7-I->I^XE[T[E3.-V?E5O[12;0G[8RV/6!!EN>0))6");
ME("5`_H*G**^\N=D-LK6';SQ(X:>Y%:E+H:A7[$I,S^Q?(FVH'1*%S3+28C8
M(P3-<3W*Q>'S;"9QAD>*SK--Y#3,4OYF;UJK81&X:?&LFH42*)F`%$C@)3``
MUL4L%\M&1V=B]6*H;JK54-A;;J""A:2-"/$$=%`R(4)$"4:X+_8KSBUU>L5_
MIW*6\4ZREUIQ,EH4-/J(U2H$I4"""1%>?MX(4O##);!_KK@G?J'29((=.W<@
M56KO-'_L=5'Q%=2?C>'\,69[+%*/.=,9_P#\^K_JY?GB#/HV+JR?D0!OJ#\G
MP,.MNMG4V<+C;J-S?NJ"NP@SJ,@EI^RI^G\IP?FB?_\`N`_\KQKV5%5_,9'Y
MHV(@3*!M07#MT`?IZ6^'8+VK9%/24:SMQ(EX1Y*XCYA2$*0A2$*0A2$*0A2$
M*0A2$*0A2$*0A2$*0A2$*0A2$8,Y+;E.-H-B=S=QF/B&4Q?&'KR'*L4QTC2Z
MNEI&@<I>Y0=N"B/PL%1KS%F51Q]QE><PH]IKZ*B6MG<)CU3)+<QXR4H'Z(D+
MBG$49WR):<4="C35E6E+FTR/IB:ER]I2DB-1=.<=RSM[,2;I1[*RKUP_E'J@
MB8[J0>J>=TNL)NIE55C&&_Q+7\Y&0/UERN+MRK5J75ONK<6HF9*UJ4LJ)]I4
M21YS,;Q6J"EH*1-'0H2U1M-H0V@?HH2)!(]B1(2\X[K'2*@`42'`#$*02E`=
M(B)0TIE"UKZSF`*PY=.LN`)!*IZ2\R8\E;(G)7R!*B?RD_0-8N?YO9_D.);-
M<;L95773+.XTC*3@$$PD>N8C'X%!%!P`=%"IKRFNP_$M;3^\K.<HQ/B/CW&4
MK5LK+>AZJ,S-QRFI:9+:5'QDIY2U`^*0>L4$[<,8LU\Y!RZ]MH244]86V9]4
M)>??45)\IAN7N,55R^<.9`%2@N/U)@!C"(ZA`>O:_2]:Q;GE-ZNB?262AI1(
M(Z]>H$_"+MT5BIZ106!(C7W1T9AF$IBF00F60;X64UC<HTFXIV01`R#YDL1=
M-0!#K]0IV-\P&OTQ.\73&+[1Y!:%J;N=%4MO-*\EM*"D?0".GE./4KK)39#0
MU-EN#:7*"J86RXG35"P4D#ZYCRC89YA;V9EA/#!SN7B3D\'EF406"MV\DU*8
MJ\`IF01Q)%VT'ZCHN6R#I4J)_P"4UA^%;[.?>4,CQOMM_OS9"::_W"CH!ZB-
M"R:Q+9<4G]4I2HA!\"H1JKX/X_LF0<^-XA>$IJ++1U565(6?A>%(5[$J\"%%
M*2H>(F(U1<@?*/'3I^[<K.GKMR9ZN_74.L[<NU5EEA<.G)C"JHNY63N(B-P,
M-PK2Q3OU56\IZJ4I;[BE%:B=2HZJ5KU,U3)/M,;DJ*G;IVT4U.`W2H2$(2`$
MA*``F2$C0)$_#2-F_P!3F]^;[Q\>)6/SI\K+R&V66'PN-FW9SJR4E"EC6DFP
M"474$3KO&!7@H"8>NA,H?"MT?9]GE_S;C-3%_<+SMLJ13-N'YE->FE:0H_I%
M$]H5U*0F?G&I'O&P&P8/R>V_CS:6*:ZT@JEM(D&T.E:D++8&B4+*=\O-1,6C
M5;`3\8J5"N81^3?PF^/0?A?X?+XUP3(3U^B.1UCHV21V"Y["RN)Y,WQC+()^
M46LMC\H>-DV;D@&`QDG+-110@&3,&H-0`8HA<!`:\2X4V/WVB>M%Q%)5T+HV
MNM+*5H/F%(UUF`>FA'A'NVRHON.5[%VMBJJBN+9W-.M^HVI)Z32H`'4>4P1X
M&-:;VA<1=C>.[O#,OV??)X^KGTW,MIC;C\T)(-(]HBU2=C-X\W4.JZC8LB]D
M3)F-H*<X:.G;5WW9\.8'QLJ@ON'*%.[7/N)71[]X1M2%)6@:J0@3*5)42!N2
M$Z"-J/:3S3R#R8S7V/-4*JF[<PRMJMV%"EDK*/2>(DAQ9'Q!0$R`=VL2V](>
M69._P[?#$GKIXMBF.SN+O8-NNL=1M$OY9@^-+-&13"8C<KCP)JG*'\1AO4R=
MB-WNC]@O5IJ'%KM=.^RMI)U2A3@7OV^05($@:3UZSB%N_FT6JFO]@O5,AM-W
MJJ5]+R@`%.);6@-*7^L1-20?`:1)_P!N]QX79-J"P_K;!KA>]O[X^?[*E#O,
ME_@;5@3(^WTG7_;"(M[+9?XYTTNGW?5?U8B#/HU_\T\B?_",#_[Q,U!/8/\`
M\1D'^RI_Y[L3_P#]P'_E>-_[>J_F-1L2ULBC69"D(4A"D(4A"D(4A"D(4A"D
M(4A"D(4A"D(4A"D(4A"D(4A$;N7FVTWNWQOW9P'&DBN,BF\7<C"-CG!(KJ38
M*)2#9L*@B`$%P=MH`1_F$*B;G/$;EG/%%ZQBS@*NM12'TDG0*6@A81/PW;9`
M^9$2GPIE=#A/*5ER6Z';;:>L3ZJOU$+!05R\=NZ9]@C3^;.'#!RO'OD5FSYD
MX4;R#1>Z:S-ZULD[;.$S64*LU6`Q!,(6L%?SW7FV5-)4N4U2A;;[;BD*2H$*
M"DJ(((/0SZCJ(WAK#=2RFIIBE5,X@*0I/RJ2KHL'IM6)*`^F+`>#?'2:Y#;E
MQD@NU.AMKA4E&3682ZR1C-)`6JP.6&-LC"`)N7$BJD/ETB/C2"XAU"\]]K_;
MY=>7LZ:KJY"FL+M;K;U6XI.CDEI4*9$Y3<>`(F`0A&Y1U*0:Y=Q'+-LXPQ%V
MB:7ORZXLN-4S:3)2`I.U;ZC^B&YS2#+<K0>,KLN;/&R1W^VQCVF'':M,UP1R
MO)XNT4`J;662,P%!SC1EKE(R*_!)'QG&Q4SI@(]*V?\`=?P)4<W8"Q1V`MM9
M':7%/4J"F27`6RE5.%:!LKDC:KY`4!)T.FOOMYY=9XMS-55?`IS'[DE+52H:
MELA<TU$M2LMS7-(U4%$#6-:[)&TYBLJ[@LJC)2`FF:ZC5Q$S+)Q'.T5D#BDH
M!4W22*BR13D$"G`!*8.H#UK1'>,3OF.W)VU7JCJ*2O940M#J%)6)$C4$#Q&A
M&A\"1&VJRUMJOE`FZ6BH:JK>X!M<;4E23/4$[20)CP,B.D2:XD<6<XY&9]!R
M"L(X;;50<\S<YAD3]([>/>-6AR/%H:%%4I%95Y)E(*2IB:B("/U6[59_MN[<
M<FY;RBFKJBF6U@M+4-JJJA:9)6A)*BRW.7J*<`VC;,)!W+(,@8;YOYMQOBS'
M*FDI:EI>:U=,L4C*-7&U&:/6<E-+:4DSVG4^$;'VZ.T>%;N;83VT^5,!4Q*;
MB$H@[=H;P.(XK3Q&C7K%4@:FSN,603.D(=A+\AK=KEV"X[FF'U6#7=@?<%0P
MEH(0`"T&Y>D6YZ`M[4>GI,;9=#&J7$LUO^%Y;39K:'0+W3/^J%+&Y*R9^HE8
M.BDN`D*!ZSBA2=]-.\KG)UVD5NO@*F'G=&.UGGL;,%F4F:RG],%X=L91L=<B
M5@'0?0JH&H1`*US?Y!\O9NZF*:[T)LA6=KBTN^J$==6PF>\3DH!S:-93T$;%
MZ#OMP86E+U99[B;SZ8W,H6UZ<Y?HO*DK:3,B8FE.@F8O"XX;"X-QDVGA]ML1
M222:12(OL@R!UH2?9'-*I%/*9#,+FTAYUSE&P".A%(I2@-BUL1XRX\L?&>(T
MN*8^W\#21ZKD@%/OD#U'52_6,MJ?T4A*!.4:^.3^1[]RCEM3EV0K3ZCI*6FT
MG]G3L))]-EL>"4#J>JE;E'K'>8/>+:/)YO\`36-[I[<Y#D0>0/R&#S?&9:9N
ME_TH?E;"3</KI?S?T_I^-2(674(W*20D>,C$;(J:9U>QM:5+'@"#^2,CZ@^(
M@']H=_E7YQV/RQP80*4PCV`!$>_P#\+C2<M8&<M.L:O>\/K-YNK[F;@Y-AJ$
M;+P.39KE$_$JQ6Z"D8[(QF)ER^8HN&;U9KX#)-'&D2EN4+6K5;F?:USE4Y1<
MKG9/1<H*FL==;4BK""6W'%+`*"4%*A-,PJ8TTC;-@_=AP,UBELL]]-0S<*2@
M89<#E#ZJ=[3:4+*5H"@05)F"9&.DP'J=YJYE*MTLP1Q?'&H:2JS>49R&1BV0
M,<!.FBS8F=O%K_Q"4IDP$2]Z\*U]GG-E]JTHOGV>F8W2+KU2'5)'L0@K*OJU
MZ1D%S[R>"+)2*78S65;O@U3TGH3,M"5KVH3+P)"NITC8;XE<8<,XJ;5,-O\`
M&1)(3+HR<GF^5*(F1>Y9DGC\2\FX(HHJHFV1*/B;IB(^-(`#N(UL<XDXLL/$
MN)M8_:`E=09*J7PG:7W0);BF9V!(^%*`9)'TQK/YBY8OW,&7NY-=R4429MTM
M.""BF8!^%L2`!4?F<5+XE&?24="]@>Q>?<B^.<[MEMDE%N<L?9'B\HV1F)).
M*8"VB9(CA\"CM1,Y2J>"^D.XC6.=Q>!9#R5QE48IC"6EW9RJIW`EQP-I*&U[
ME?$01.0T'C&3=MW(..\8\GL95E9>1944C[:E-(4XL*<1)$D@C2?6(N^L;AOO
M?Q5F]W7V[S+&F3;,V&,-H(('($)H3'AG$DX=?<@DD0R)1^\"PCW`*B[M7X6S
MCB2HNJLN13-HK4,I:#3R7=RD%95/:!*22):ZF<2SW8<X8%R_1V5C"G*IURB<
M?4^7F%-2]1+:4[9D[ODUBW^X#V$/WU<:8$4JD1'&HO;46_;N'?Y?X:Y\)^`C
MF1\HYN`?$/WT.@F>D<2)Z0N'S#KVKB8Z>,(7#YA^\*YZ=8YD8YO7$Q*?A'$<
M7#YA^_Y=ZYA'-Z0CBX6O<+?/X4@->D<W#YUQ,3EXPA</G7,(XN'S#KVZ]Z=>
MD)&%P^85QN3.4Q/^#K"4+A\P_?7/A/PA"X=>H=._4.G[:X!!Z$0D8YN%<PA2
M$*0A2$>)9/R$$OX@(?M`?F`@(?M#K7!2%"2ND?23M,]?P]\1LS+B!QLW"R1?
M+<RV7P>8R%TL1=Y**1ZB"S]8@``+/D6;AJV=''^852'$W<1&HGR'@OB+*KJJ
M]W_'Z"INCBMRW-I;4M1ZJ<]-20XK34J!)&AF(E&Q\U<JXQ:D6:PW^XT]L;24
MI;"PI*$G]%!6%%(\MI`'01E!4F![,X8^<MV$#A6%8S'*NSMXQDRB(YHU9H"/
MB21;II)*.%K`1,HW.<XV"XU(UBQZTV2B:LN/4=/1V]$@EIAI"&Q[0A``F?/K
MXG6(XOM]N5T?<O%]JG:FK69N..K4M9GK.:B9F>DM!*(#I^R/'GDI:-VZD5<>
M^X*";]Y+HH22S8QM)7)8[PF(43)CJ`IC@-A^=9TWC3I1N<<`7+H!,S\B>GOC
M`U9>T'=K3)4U/KN`T\Y2/U3TZ1.'%'^V.].,Q6:,H/'<D9OB"5)::@XN0>Q[
MA*WG8K_=-EC)+M3'`!`!M\0N%8+><6L];5RO-%1U"V_E+C3:R/<5)41^&D9Y
M9<FN;%*'+1653#*QJEIUQL&6GQ!*AK]$5\\F^3D@PG9/;;;IX7&\<QHQV<D\
M@_&S6DGUQ(Y;(F9@@5C'LS@(!X[F5'N(!6=X_CM'1TB)--H21,("$I0G^2D`
M#7KTG$>9%D595UBV&GG"00%N$[EJ5J3(JF=#H3,'V&*]Y'?+<.#D#RT'G^8Q
M\@B854UV^0OUAOUU_P!!VNNW4`Q>Y3$$!#ITK)7*.E6C:II&T#R`UC%175E.
MYZC#K@5XDK4H$^U)TBW[A#RL3Y$8M,060)E;[C8$FR;SZB%C-9U@^`089&W(
M`%,DLZ$+.4Q*!$U?X?I&L(O-M5;ZC>C6G6)CWCP]R>B?$CKK$A6"\"Y,EIT#
M[6W\\NA]H]GNBE7W"\\Y[*,IF>-NV<W*X]B>"OW+#<*7BI1://F4Z=H77"'<
ML5R*C`Q`+`*J8``JN.FK2%@]VQVQ#;8JW@E2U)FGV`^/OC&<HO2G'_N^G5M9
M2?B*?'V=#&K[-9C-8MDK#*L/FIC%<BA9!"8AL@Q^04CIF*DF)U5&[QB[:G35
M2>H+G*<!4,JF8I13,40L-9&L!U/INI"D%)!!&FLM=9C\48BEY3:M[9*9&8EU
MTZ'27NC^AAZX>2<URSX8[&[W9(V(VRK),=>1.6@BH*I%\CQ&5>XM*2*9E!`W
M]ZK17W0_(5!#\*C:NIQ2U;C!\%?Z?P_)$PV:N5<K:U6+`"UC6728T/NU$3I/
M?0:PV'2-A^0VZ?`:Z4IZ"/3!`,STBF'>OV;;F--\<KV)XR[`N-W<APE\XBIB
M467EGY'#Z-T)RIH^(@T050C&2J@)BX<+Z3*W``Z=*5YKW/Y0SG=9@/%V/B\7
M"B4I#CDW%DE!^,I0V!)*5';-2QT]HB\N"=JF*/<?T?(?+61"R6RX-!QIL);0
M0E<RV%N.JD7%I&X(0C1.I,=>3YK^S5.XK<%45BD*=00*URA(3:0N!`.:0.`&
M,`_$+5YR.;>YU13OP8;.A_9O"8\?TS+ZH[RN".U-2=S?("@#+JI@_3+9$^]S
M^3B^QW%ACR`W8PYU$92ICV/JR&`-E3)G:YO/(%(EC@NW`'%JBB_*8JBQKV(`
MB`]JG_*>4W,!XJ:Y#R^A4Q=OL[>^D222BI=$@S,Z[4JG-4IRUBO&)<4M\A<N
M.<<X76H>LPJ7PBK4/FI65&;^U,MRE(D4I'4D3\8KBQWV%^PW/(=EF&$<+6<K
MB$D@+U@_:-<M=H/66H0!5BZ44;'?E&PV433TG'^$+56NV]Q7<+D-&F^6'"T/
M69PS0M+50H.)\PHK22/XR4R\HLY<^VSMIQ^N58[YG;C-[0=JT*53)*%>2T@*
M"#_%4J8\=8S1QY]FLYG&[L)L-R`V0F]E]P<G>D80#Q<[YG'K/5T55&+:0BL@
M0:2C<DBNB9))9,ZR1S6"P7"LYXX[H:R^YA38!R)8G;)D56YM:,W`T52)2E0=
M2E:2J4@J9$R$ZG2,'Y+[5;;CN$5'(W&^04]_QRD1N>0D(4X$S`66W&5*;46P
M0I:2$J2)DG0Q-WEUO=-\<^/V>[P04'%Y'+8D2$,SB9E=PVC'9Y6=C(41=*LP
M%R7P@^$_T6O;O4W\QYS5\:\=U^:4#+=14T9:VM.$A)]1]MK4C7X0HJ&HG+64
M0+PM@5!RAR1;\)N-0]2T=;ZH6XT$J<1Z;+COPA7PD$I"=9Q[O%+>B8Y";`;<
M[P3D(PQV4S2+<O7D1%N%W#%BJWD7C'QMEG=USD,#<#7,/2]=OBG-7^0<`M^9
M5S+=/4U;:B6T%2D)VK4C0J,Y?#/7H=)QU^7\$H^-.1[EA%$^Y54U"ZE*75@)
M4N:$+FH)T!&X](B[S&]B4!QMRF+VMP3"E]WMW9E(BPXY&NE2,H(S@X)1K67"
M.0?2;B3?&N)&J28*@7ZAM<*BKF;N/MG&%S8Q:QT2KQF3R9^@VO1K7X4N!"5.
M%Q8^(-I3T\8EG@_MHN'*5L>RS(Z]-DPE@R+ZT@K>D"5J:WE#:6T>+BE;9Z"(
MY(<X_9.8@R1N"*CE@*2;E-L+?*V3GQ**%"P`HJ+D%4RB/T'2U?,`J,:?G?N7
M6@5"\%W4Q&J0S4A4CJ--Q5TD#(>.HB4'^`NUE!^SIY$"7IE)5NI5I!`ZD@;9
M'S"Y>4XG1R&YDXWQDV,Q#=#<7&Y/]7YHQ8H0VW+$2-Y)QE"T.E)2T6HJ[TBU
M80BAC`X6.`B4+=+F"ITY$YKM_%^"4>69/2N"]5K*`U1#X5>N4)4XA2E":6VB
M9*44DS(`2208KWQGPE<N6.0JO$,8JV19J-U976K^)OT`X4-N?#HI;H$T)!U,
M_`&("Q7L"]@^;L$<BP3A"+C%G8&4CW;AKERZSML8`.BLB=V$69VF=(P""A$]
M!^Y>E0!2]Q'<->V4W.PX.3:U_NU+:J25`]"%%2)S$OE21Y$Q9&K[;.VRP/JM
ME_SY/WTWHM*5TR4I5T(.WU-I!!$BJ8Z'6)9\2.3_`"BW@W`FL,WWXR2&SD5&
MXLK-L\L5:9&W9R4JC(M6)(LA99(S,JRZ2JBH`FL8UB=NH5,?$7*/*F9WY^RY
M]C"[-2MTQ<2_L?2A:@H#9-P;3,$]%>'3SACF?BCB+",5IK_Q[EK=\N+M:&7*
M8*84MMLMJ7ZG[,[B$D)3\2`)GK&,.2?LIGMO]Y)+C_Q_V6D]Z-SH%=%K.@B>
M14C&CPS8KIVS:L(-!Q).5(\JA076.*:"0C8PW"U8=R;W-7#'<U=X]X]LCM[R
MFG.UP@J4@*D"I"6V4EQ11NDHJ4E(E\OC&6<6=K5LR7!6>2^2;\S8<2J0HLS"
M/54D*VI4M;JDMI#DCL2G<I0U`E&)C<Y/95'`9W(\$S.6Z>M0Z32-RXROA3&Z
MA"*(N'2@+>.]@%.X_`*Q@<Z]S+*`JJP;>V?)FI!D9Z$)6HCZI^R,N_P![6*A
M7H4G();69":UT\IGH9$`2G_&T\XMWVXS.8R?:S%,]S>!-@TU+8FQR#)L=?@N
MD;&'9V(.I-DY^\317*#'28!%4I1``ZU<'%KW5W?$Z*_WRG-!7/T:'WF5S'H*
M*`7$'<`J39GJ0--3**7959:&TY;6V"PO_>%!3UKC-.^B1-0D+VMK3M)'QZ2V
MD]=(J7R_VK[B9OG4YA/$;CE+;O(0CAPR5R1Z6970<K-U10,X3C(-L)8YFHH4
M11.Z<$%4GU:0`:J+>N[#)KYD+UBX@QQZ\MTZRA50H.J!E/XTI;`"6S(R4M8G
MY=(N99.T+%\?QJFR'FS)VK&_4I2M-.CT@I(4)[2XZKXU@:*#:#M/PSG'7G_L
MRY<[/JL93D9PYD,<PE18B3^>BPGXHR'E'2FF@Y?(O8872AQL!%54A,-@#O7G
MU'=#R_AKB*KD7#7*>Q%:4J=;2\V1/312][<_)*B)^?2/2INU;AG-@[1<99PW
M4W]*-R&7`RZ#XS4&RET)`U)2A4M9](N`V;W:Q+?7;;%=T,(757QO+8[[YF1T
MF5)ZR5(HJV>L)!),YRINF;Q(Q#EZ7MJ["%7&PS,+/G>,TF5V%2EVRM;W)GHM
M)!*5H6D'X5H4""`=?I$4HSC#KUQ_E=7B&0)";I0N[%R)*53`4A:"0)I6@@@^
MV74$14?R=]L&=[(;\[@[48KLUC>506VTC'1LU/S$W+,WSQ1=K'.';A-%DW.S
M:()JOP23%01`RHE^`U4#E;NZO.!9Y7XE9[12U-#;G0AUQQ;N\Z)*I;));$U!
M*2=PTUF=(N;Q/V=8]R!Q_;<ONU\J:.YW1E;C33;3:FT`+6E*25J"EJ(1N5MZ
M)GY1;UM%N/$[O;;X3N;CX"$+F^-QT\U1,<JAVI7R>I1FJ<!+==BN4Z1^@#</
MPJXV(9/0YGC5%E%KTHJZG0\@3!(W"92J6@(.Y)]J3TBEN98Q6X9D]?BMSE]N
MH*IQE9`("B@R"Q/]%8DH>P^V(G;[\O,LVEY:\=..\5B4!*P.\H(#-9#(.WZ4
MM#^:77CK1B#<?M5@T(ZOZO77T[5$6?<QW/$>7,=XYI*.G=H[UL]1U:EA;>YU
M:)("3M^$)!^(&9TT$3'QYPM:<SX;R?DRLK:EFOL15Z3"$H+;LFTK'J*5\0U5
M+X?#VQ8!5@XKG"D(4A"D(4A$(?89BF5Y?Q?S)IAL<YEY6(D<>R9U%-+BN^AX
M&2*]DDB)@(&7T(EUB0.I@+7JV5UMFXH6Z/@,QY=>D>+D#+K]L6EJ<TD*T$Y@
M=1&MW"9PGX!'[@FA-0J9U#G'Z!+])_.7^)N<J@"44S`!BB%K5(>HGNU/7\/P
MUB*$K2E<I@?2!_HC81]<<3DJ.Q<Q+S35TP9Y/E+Z0QYJ\;JMCC'D8MVP2*)5
M0`QT9%9/RD,'\11O6#9`XTY7!*);D)`5Y=?9$DXJTZU;UJ<G):YI]W0R_P!'
M6*3]U9:7Q+.,UQG(4UF$W#9-,MI!J\4T.!U.S+I*FU&_JI*H+IG((".HIP$/
MC;,J<^I3H<2042`F-1TZ'R/OC`:G>S5.-NID=YU/PSF3(R/OZ&1/4"6L1PR/
M-R@"QBJ%U`%P`JND>EQ'M]1K%OT"XC7[&823Y1UW)]5?*>ONBP[T]+3$OO5O
M5DS,CE:!@-L&C!R\(4_B7DG\JE(1;$YR:DE'8,VZBA`$;B3J6X5C63;0PALS
M#A=/CX#V>1\(RO$"M56Z_+X`@CS'7Y9C0D>(C6GWSSMU.Y;F4K(&$TA+95DT
MB_.H<_D,]?3;]PX*H93ZA.D=31^`%`/A7OLH]-L(1JA*0![-!&(J<4XXXM8D
MZ75DCRFHG\^GLB#F2R9Q!;3=0XBHDDBE]2BJZH'\"*1!^I11=72F4`[J'(7N
M8+_NJ<TCQ,OP_/'4=</@#,=?=.4_KC^C)ZHMALDXX<!..^V>:("URXF+N<KR
M!B<#E4CI+.I1]EAXM4%$TU"JL$98B2@"4-*A#!U`+C&]U?145SKJ/W95+Z(F
M2P4:Z"TLTJ_G"23_`/$2H_EBQ@0N%N]Z\^/7(!$CTB@SU?R$2QY9\VG<M(1S
M-RIDDH@@[?.6C-11,,\G#N")&76*8"*J:#F('8Q`$:U]]J];3-<NYNY5N-MJ
M54.2WD),OM;N@*B)C03EUD#X1L5[LJ6N?X<P*GI&W5MII4$I"5*U-&R$DR$C
MM`4`?)1B]0F2XZL<B2&0PJRRA@3211F&"BBJAA`"$(0'&HYSF&P`%Q&]7U3=
M+8I00BH8*B9`!Q))]PG,^X:QK[7:;FA)6Y3/I0-22VL`#Q/24A[8K,]P>O\`
MV,9P#C<3[A8(4AB@(:1%Q(7$PFU%5+8+6Z=ZK'WE%*>%GEI_]2I?IU7]7XXM
M9V3)!YTIMNA^[JJ?MD$?4?;$J>$IA_V2>/8D`O7;''1`H`;M]N-BEU*"(=/F
M(@%2GP4`GA['4DDG[K9_(?R1$7/<O\9\EW$_\W?U/\KQD/S17#[6RL%]Y^$S
M:"*@;<0=UFQFA4!*>8)#J9)C221A\=W?VPR)A\6H=(F\@$[&JMW=JJF7F^$L
MT8']X_O0;2GY_3]9@I!`UV;P"#.7S=)&+.]G3E4S@^?/5R5?W8-F5OW:)+J6
M*B<IZ3#?S[1,)VE4YB)@>T:X<&]Y[]P3PW5^(_KC&P'_``U+G=@3_@1>?,FF
M_M3,0EVDJ`Y\LI'2=5_9'H^IZSO]R+8D/GC\GU^5I^3N->AVR?\`1"Q$?_2=
M_KW8ZO=7_P!>\A'C]I;_`*EN*\/6+#,MU^87+O>S(6Z+V=C)Z50AG*Y067CU
M\GRJ8*NY;KGUF3<(1D05`AB@`D3,)0Z57'M>HVLMYDR_.:TERN:?<#16-VSU
MWW/B23J)(0$B70=".D69[LJRHQ/A+"L"H#Z5N<IV5.I3HE?H4[1`4-)@N+*R
M#,%6IUB_LB1B7^H3=>FHPC8`$UK!:P&TCW[C\;UL)E,=2#/\.OG&N12@3,?A
M^'E]44N^Y#;'.)_#-F-T<7A'F1PFTV4S,AF#!NS^^2CH]^,(^:S+I%,`638@
MM#&0<J@!B%34^H+527O1QJ]UUFLF86NG74TEGJG5/H3,@)<]$H4M("B$300M
M71.X*,@)Q>OL>RNP6^_WS$+O4MT=;>J-MNF62$EQ:?50II))EOVN%:!/<5#X
M8FOQ,YJ;0<H,.AUL:EF./YTDQ22G-N9.29)SD:Y;H%`ZD8F"B19F(5TW26;%
M-]`AK*00$*G#B3FS"^4;(PJV5#5-?TC8[1+6D/H*`-Q2C3>V1-2%)&J1+0@B
M*^\P\&YKQ+>WF[K3NU./*62S7-MK]!:2=`X3/TG?-M9!GTF-8F081"PW$P!I
M,-P$P";X`!0'K;O8H=#=:FH+"@2#T\!^,?@?9$,2FD[93UE[O?\`P^$:Y.,;
MA)\&/91O'DN\\#),=O\`>%[/-8C.31S@[!G%Y')QD_'3,>Y,D/WQ&:C<6KTB
M)C+)D$QQ((!6MFV9"WP5W/WBZ9HPXWC=Y+B6ZLH5L2A];;Z709&:$E/IN2/P
M?%,Z2.SFZ8L]W!=JMBM>!5++N1V-+*G*3>D+4MAMQEQE8W#8I6[U&2H!"C)(
M5,QL+8QEV.9I"1V28C/QF20,HB1PQEX9\W?L7*2Q`.D8BC<ZH:P*-S$$0.4>
MA@"MB5JO-JOE"W<[/4LU=N<2-KK*PXVH$3F%I)`T\#KTGUC6Q=++<K%7NVN\
MTSU)<65$+;=0I"TD:&85(^X]"-1.(Y\Y<C>8EQ#Y"3K!3PO4]N9EBFL2Y!(:
M8!*&.H4W00.5.0$0L-[A49\^W-RV\-Y%5TREH>^[5H"AH1ZI2V2#[E=(D[M]
MM;5YYKQFAJ0"P;HRL@Z_NB70#["4`1&_U%X/%XWP\QB>:(D"4S3(LGEY=V"8
M)+N"LI5>'C4#JD#R'2;,F);7$>HB/QJ-NSVRTUMX;IKDP@)JZZKJ'72)344N
M%M!)E.24)D$S(U,2CWIWRKNG.=91/'_=J&DIVFQ,D#<@.K(!,@5+6>@&@'E$
MY=]<,B\^V<W2Q"=:(R,=-X'E#0[9<@'(#@(ATLR<$`0$"KM7A4U$S%`#$.F`
M@-3WGMGI;Y@]VM%6C=3/6^H2``%$'TU%,@J8W!0F)^0E**_<?7NIQ[.+/>:%
M1:J&+E3KF">GJH"TG4?"I.Y*AT(48JQ])^8N9#93=';]V8QB85N$#QBF8PB*
M*.01J0.2@43")"G<L1.(=@$PVZU4WL=O+U1AEUQ]9/IT5PWH)/3U4#<):RFI
M$]/$F+=]^=G98Y`M62,`@W"V249=0RZH(]Y"52]P$8$QO;>"WB]G?,;:[(FR
M#B*S/`\[AE1<$!0C9VO"XF:,DTRV$2NHN0`JR9@Z@)0J.K3C%!F7=3FF+7-*
M5T=;0U3>H^51;8*5CVH7)0/F(D&\Y1<,+[2\(RNV*4FLH+G2.B1D5)2Y4;V_
M:EQ$TJ'D8S3ZA-T,AQQ?>;B1GJKE*>VFR![)XRSDE!3>)QWYFO$Y%&H(K"4?
MMF<@@BZ(4O8'9QL`6K/NSO*;C;7KWQ)?U'[=:7U.,H49*2G>6WT`'7:'-B@.
MB=RCI.,'[U<3M%T18N:,:"3;[U3!%0I`.PN%"767"0)34@J;_P#"3XSCS\SS
MW]G?!*WQ+'W`1#L.4/S`/01#K8?W5]\U2_S18&KP_9_VAV/SX+(_RG\A^()5
M(_\`@-Q=W5YHH5"D(4A"D(4A'C42*J`E/82B42B`@!@$!Z&*(&`2F*8.@@(6
M$*$3^@PD/IB+\OPLXQ3N;)[ARFT.+K921T#XSI%)TT9+/0.50'3B);.DXQ=?
MR%U7,D-QZC>N\BY5Z&2P'#Z9$N@Z>\Z_CCSU6JWJ>%1Z0]4&?T^[I^*).(-4
M6J*:#<A$444RI((I)IHI()%+I*FBDD0B:9"E"P``6`*Z,R3,DD_E]\=\``2&
MD5M<S_7S$<DI!UN!AV4#A.Z`1C=DL9TU^YQK*21R9RQP3*":B2S1\DDH9(7:
M8''1INF.@+^U;;RN@3Z;B=[$^D]1[O#Z]8QV]8^W<UBI95Z=3MEY@CV@^/A/
MK+2?C%56,^GGE-DN4(,,ZRW;S",1,J8KW((F1=95+G;D-<H1\(BWCRG47```
M!5<)`2]Q'I8?;<R2D;2"VA961TG*1\M1K]$8RWA]:ZK95J:2UXR))]DNFI/A
M%KFV.=\#^`V",-D'?(/:_&9-@NH]R1;*<X@E,SR+('AP._D<@;,%E7:2_D+H
M30,72V1^@H`'4<<?%?<W?7"%+2>DID:>W\\9=3*M5E932^J@+*IF9$RI7S$R
MT$_P,:P/.#U?;WSFY>2;L<+(1'E+Q[W*R.6RG&)3:*>ALGD\4=3KM26DL9E6
M"<B%B,WKQ4Z:X*``IF*4Q""6U9517=(;%/<26JA"=LU"4P/$S\8PBYV*H^T+
MJ+:/68<,T[2"0HZ_&9Z#V_BB27K']$VYR^Y./;\\VH9Q@,!M_D,3D6&;+IOV
M$A*9C-,%6L@S?9ZY047:1^/QKYND8T>`'4<J(DU&)I&_3NE^1Z98HCNF-5=-
M#I*7GXQVK'BC_P!J367@!*$*FE`,YD:S5+HGV'QC<.(2Q0`/I"P`!=-@(%K:
M2E#L`!6(3G[HD8#3Q'X=(\E<1]1JT\7.(F$\NN2O*^"SG*<RQI#"LVR.3CE\
M.>LV#ARO)9Q/M52/#NVCP%$")I_26U@$;UJBXCX>L/+G)V74=WJJVC;I*QY:
M33J2DJ*ZIP'=N2H2&W20&IC;ARYS5?\`ACBW#:VP4E%5+K;>RA0J4J4$A%*T
MH;=JDZDG4GP$69X)ZB-D,"S7$LXCMS]Y7TCA^10^2L&C_((W[%R[AGR+Y!!X
M5I%MEE&JJB(%4*!PU%$:M/8.T#![%>Z2]M76].NT=2T\E"G6@E2FEI<2%2:G
MM*DB8!$Q,>,53R3O/S[)<?K<>JK59&Z>MIG&%K2RX5)0Z@H44[G"`J1T)!D=
M8^E[ABB3AC+7'4([C8&(V"P:O._`PA<3"`#;M\*[/>6/_91^73[RIOQEPQU^
MR50_QVIY=/NVK^J2(]G'\=W9G_6?MBKLCELQB&Y4!L]C^1XTYAO`9:7<0[8S
MIS`.$G"2I%$)-D50I;?5Y0+:]Z_:WVW*[EVOVW^Y-6_29,Q9V7F2T0"YZ?Q+
M:,P?G0"D2UF1'5NE?AM!W770Y[1L5N+OWQYAY+N[:VEU6T/#:1)3:MI),QMG
M$*_5WM=A'(+.9OD9NQN%F>>;^[7Y,5`F/9-($59PB;MBLWAYI1)0%'+U$%55
MDTT2>!NT<I&'2)Q`0@[M2Q6Q<AWQ_DK,KA6W#/[35R##I^%M*@H-O'=N4LA1
M<"0-B&RD32=#$Z]W&4Y!QK8J;BO"[90VWC*ZTI7ZS"3N=4%`NM3T""9)6HDJ
M6XVH">T:V*^TC_<;WJOW\>'?^^L;JQ/=A_T(O/\`*IO[6U%9>TO_`*]V7WU7
M]D>CZ'K33%7@_L<D!A(*F-RQ`.7N43SLF4#!^("->CVR:\'V,?\`VG?QO.Q^
M7=0K9W`9`N0,JI!EY_LFH@9Z<54V.Y'+Z'7$A7B&5QRYP.&E?0GD67MC&/<1
M'2*@A?Y"-5Y[+EEG)\PIG?WHJ6ISZS#KZ3]$SK[8L9WOMJ>Q7":Y!FVNC6!(
MZ?N:<B7T1?2`W^7]@W_;\`K8)UUC781*/2>Q[:0250=I)N&ZZ1T5FZZ9%D%T
M52F360715`R2Z"R9A*8A@$H_$*_-QIIU*D.I2MM:"E0(F"D]4D'0@]"#H1H9
MB/T:><94%M$I6E0(()!!&H4")$*!U!!!BF?E9ZJL=FWTIN_Q7DI';7=:,56G
MV&*,GRS+&Y::25,Y.>"D$U4WN)2:YQ'00AS,CF$`%,H52OE;M+M=:Z]E_%#B
M[7E;:O533H44LNN`[CZ2B?\`=U$3V[26]^A"`28O'Q!W?72WL-X7R\TW=L/=
M1Z*GUH"WFFU#:DNMD;*E"/%2D^L!T43':?7IS3W*W%S')N+W(^-68;S8`U<_
M:S3IM]D^GD88Z3>6C)EL0/#^>1I%4U1<IB";M(^H"@(=?2[<^:<HR6]5?%7(
MS?HYK;&U$+4D)6ZAHI0I+H$AZR=Z5A8_>(FHB?Q'RNY3@C%L6L5'RWQ:[ZV"
MW-:-[23N0RMT%2'&B3/T%D%(;5-32AM)\K$=]-@=LN1&"/L`W4@@G(5R8BS1
M=!4S"6AGR0B9"0AI1'_*&#I,UKB`B10H:3E,41`;(9S@&+\B6!S',MIQ46]9
M!!F4N-K'RK;<'Q)4#/S"IR4%"*R8!R%E7&F1-Y+B-1Z%P;F"DC>VXD]4.MGX
M5I\IB:3JD@ZQ0AN%M/R>]5&4+[E;,Y&[S_8"<D6Z4TQE6QEF31)5P"B<3E,2
M515&,DUBI^)"69@F!S&`#DN-JU_9%AW*W:=>%93A=4NX<?/+0'4N("DI&[1N
MH;`_9JEHFH;EKU(^6-BF,9CQ+W>V=.*9[3)MO(S#2E-K;7):B$ZNT[I`+J$S
MW+IGB9`':9"<66<JMU,;WX]:^Z>Y^)+E/#99MI'2IFX'\J\8Z2F(564B'=@+
M9U&.2*)*=`_@O;K5FN5\MMG(7;-=\LL"PJCJ[:AR0U*%)<:+K2OXS:@I)]TX
MJWP_B5SXX[IK/B60)E64=T6V52D'`IMT-.H_BN`I4GKUE'W?5>N!^$.TEC%.
M9)3+$E0*/8Z>4RNHH?,Q0$+UZ/:BXT[P=:?2,PE3Z3[P^N8CH]WK93S_`'O<
M)3^SD?2PW*)R9RL1#"\O<JB":2.+9"JH8?Y")Q#M0YA#L(`4E^]3K?5%%CK5
MD@;:1XS]S:OR17RPIWWVB:&I-8R/?-Q'\,4@^D5H<S+DE-$%0[1[E&,MT#F(
M)4S'20EECB0;B&H2+DN'PM5&.Q5#JJ/(WU)DRJJ9`/@3)PD>_4?7%^._EUL5
M&+4B9!UJB?F)ZRWHD?K!CR\?`'_[C.1X!:XP>5@%[V#^[,3ZC;K:OQXZ_P#]
MH9,1U]&H_JZ>..2M.R'%S_\`DL?SZB/@<ZH-[Q`YJ[-\N<.*[98SN--`RW)2
M(4ZC9R^9F8,,@1M_"F,MBYC.-(A856XF`1$>G4Y[H*GAGG&S<R67<BW7-_96
M>"--B'TJZZ/,G>D2^=LJZQZ';W6L\V<"WSA.^+2NZVQK?03E-*5%:F3/K^SJ
M)(GX)<">G7O_`"]>LY/V5<!9./71<L9%G$2#)RW.51!PS>3[E=JLB<HCJ340
M5*8H]C`-_C61<Q5%/5]S>`55*0JF=0RM"AT4E;[BDJ'O!G/QG&/<*TCU'VK\
MBTM0E2*AIUQM22)%*D,H"@1Y@@@CPZ>$7CU>V*!0I"%(0I"%(0I"%(0I"/4"
M^@!(%RB.L`[AH-WL8UR]NP`(TF0)Z``?DCA143N!\/KBB'WD<_,OXH;585M+
MM)D;C%]U]Z32;ISD[%!0DGC6W423[66>PKW7ICI>4E5T6J:Q;J(I"<2`4UC!
M[E@H45E0IQQ,VD)!/D5$Z3\#],8ODUU=H*5+5.K;5.>(&NT>(F"/9&C_`)'E
MCB6=/Y23=J/WS]XJ]?R;]4[UV]>.5/*NJ]>.17=N5W:PB(G.)SF,/4;5G8"0
M)"6W]7H/Q2^B9B,W70ZO<22XLZSU43YRZJ/Y!&S!_P#F)F=QG^=<JV#)>0-L
MPSQW"CNT!.`P[3<]:1=>!%B1,^EF_-C`"*Y0`H'3$@B`"%QQ/)DMS;4?WLR.
MIG+V_3TD8S'!UOK=?!,V$A(\_B!\_=UTC;_*@0Y"C]1#6O\`28!$#:0*(F"P
MD.8`_P`8!ZUBDM/;$BDZRZI&GT>6GA'LE*!2@4+V*``%Q$1Z?,1ZC0F>IZQP
M=8"-@$?D%_GT"D<'I&MCQ_WSQ+@?S:Y21&_R$SC,+N#*S+^&F"1;A^)VZF4N
M9R&D"-FH&6<QLLSDSE(HD!])R?5I`!K6;QQF]HX#YNRNAY`;J:>EN#RRVZEM
M2P)O+=0J0'Q-K2H@*3.1$CXRVC\C<?WCN*X$Q&X<:.4U7=+8RVAYA3@;VR92
MRXC<K1+C:FP5)41-)^&<64']LW"-,+FW,E"A;4)S8;D6@A;".HW^2!T*`=;5
M9Y/=GPB1I<GB?+[,]/\`F^/A**N_Y-^?`)JM+4O_`-ED3]WQ>,8G]I^<X]N'
MP":9UC#X7^,Y7ENVD_!/S-EVIG47*&>K,E3H.`341.J!NQNI?C6(]UEZM^3=
MOB+]:%%RUUE51NLK(*=R%[R"01,?"1(&1)C,.T.P7/&^X\X]=6_3NE'25S+J
M00O:XWM"P"F8($NHZQ-/A`!%>(O'HQ3:B_\`QCCP%,`E&X`B8+_3J*/;\:FO
M@X`\0X]+_P!+9Z>X_A[8@KGS<GF;)4J$E?>S_GY^V*F-\(%+UZ\_]O\`>W'_
M`#XWQ_WN>N&6<(,S6B&+F1,=/*&3M`I=)&\<_<)32.H!$H&6*4;%Z5$S:W([
M=^X>@SJA"Z;`+ZLIJ0F?IH4L[7T%/225%NH2/+=LZ&+C\?U[O<MVXW/`KD45
M7)./-A=(5_O7`V`:=25?K*:2NE5+0@-S$S.)\>S&:BIS@5NS,1,DQD(F7CL$
MD8R3;.$U&#UD]S/&G31TW=`;Q+(N&X@)!`?JN%3]W2OLU_;_`'6LHU)=I712
M+0M)FE2%5+"DJ21U2H$$'H9B4XK=VK4=91=PEGH:MI;=:VY6(6@@[DK12/A2
M2F4PI*A(@C2.Q>LY4!X1;$"4P#J@)2PB6W:>DAM8!-?MWOVKUNV::>$K&GI^
MR=\S_P#.<Z:=?9_!'3[JD`\^Y#,&8J6Y_P!"W%8612.:^LKFKGVZ4_BDG.\?
M-]'\LH>4B2>51)K*RAYI)FF>R;1O/8_).E-*"NG[EL:Q!OU&K5RJ;WVP<X5V
M5UM*[4<=Y`XX5.-#Y$+<]0B>B0ZRHS#:I%:3\)U,K6VJDL7==P-;,/ME6S2\
MG8XVT`VZ2-ZFF_2*@!-19?;2DJ6)AM8^(18&G[:^$WVOW9MQYA,H%*HLB;"\
M@572,)`,9(X(-U$@,4`$MP,)=058M'=OPD4!7WA5;E"82:5T*]TB.NO3WRBM
MZ^S7GU#A0JU,%/0'[2T`?#2:AXZRETB2F[7+K9;9#`L'W.W&R%[$X7N,>/2Q
M20;0,G)+.SR44>;;?<MF2:JC(#Q^D?Z@``&Z=^@25EG+V#83CE#E.0U+C5GN
M(26%!M2E+WM^H/@`W#X#,Q%F&<-Y[R!D=?B>+TK;U\MGJ&H0IU"`E+;@:.U2
MR`HASR\-8C3(>VKA4S9+O$,]R*57225418,,,G0=.S%#HBW^X11:J&./0-1[
M?&]1A5=V_"%.TMY-?4.E*"=B:=R:C^J-X3(GR)"8EAGLTY^=>2T;73M-%0"E
MKJ&MJ?:=I*@!XR3.(;<%XW,N27.[<_F>AB,IBVU"['(&.//7Z96Z<HZ>M(B$
MB6"!Q,8LB^+&QRB[U1.Z*2A@*`W&H7X%I[UR3SY=^:FZ%VEQ!U#J67%@(+BR
MEME`UU6?325*V3"5`3.DHFSN`J+%Q/VZVC@=VM;K<W#K+E0AL[@TA*W7G%'7
MX`7'$H:"I*6D$D2BPW<SV/<5-I-PLEVNSW-):)R_$7;=E.,4L6EWR"+APS;O
MTP1=-4E2+IB@Z(-P`0"PWJQ^3]QO%.'7ZJQK(:YUFZTBMK@]!TI"I!4@M((,
MP1X]?&*VXGVO\Q9KC5+EV-V]IZR5J"ME9?:0I20M2#-*B""%)/7PE**_>;OL
MCV;WHV8G]B^/;;(MR,SW3.SQQ<1QF3;(1D:H^0<+FC4G"973N=670(1N0$]"
M>H3B-@JN7.W<KAV;X0]Q]QXW47&[W8H9/[%:`E)6%R0G13CBE)2D)2DZ$F9,
MHL;P/VL9W@>=4_(/)JJ>TV&SA;Y_;-J*R$*$W"D[4-!))6K=,R"0-8FCLCQ1
MF\:]?3[C?D=TLMR_;W*C2K-<Z7CB,HRYLM)(19UR@HF8L4^.B0Y@N&H!`!Z7
MJ<<(XBK;;V\'C.Z*"+O6VUX.^3=14#>&_:6U;4K/3<E6LA.(*S_F.WW;N11R
MG9_CL]%<Z8MG4^K3TRDH*P/A(]1`44IT/28UE%>/!CFE#<+H#(>,/*V%R3;Z
M1Q;)9"3Q]]^2.Y$C9O-*F/))2"3<YE_RY60.99HY1*9,R1P`>O6JX\"\UT'"
M-NJ.+^5::MMS]+4K<:7Z16!OF5MK2)G57Q)6C<A0T!\8LMW!<%7+G:Z4O+7#
M;]'<Z2JI$-OI]5*%$M#X%)*OA+FR2%MJ*5!0\>D2(Y-^UK826VIS'!=BI/(,
MZW(S>$=XI")M<6EV[%A^H6IXM=X91<B+EP];MG0F1123.<ZEO@'62N5.[#`J
MK$*RR8"Y4W#)JYA3#(2RXA(+GP*42L`E6U1"$I225:1&O%/9WR+1YG0W_DEE
MBUXK0OIJ7BJH94XL,*]0(DDE*4J*0%K6H!*9^<9W]6FQ.3;&\9FQ<WAG./YA
MG^22&82,._`$WT=$JIIL(!&03T`=N[<-&GW!DC"(I@N4.X#6=]J6`7;`>,4)
MOK*VKO<JE=2IM0DI""$H:2H=0K:DJ(/0*'36(][N>0;3R)RRXY8'DU%BM]*W
M3-N(U0M<RX\4&<B$J7Z>X?,4$]"(B1Q[,4WN0Y&IB<@#^295<FH!5^J,Q+1]
M!1-H((%/U-:]JAOCALCO/R5?CZ50>A`EZ;`,I]3JGIIUZQ,W)<CV08N-?^(8
M]QDNH!EYRTZ=(L@YU<>8_D;QQS?#/L5'N3PS%SF&"^)7QK_JN!9.%V34I@(8
MQTY1'6U.0-.KRAU"U66YXX[9Y'XTK;(TB=S90:BE(E,/M)44@3G/>-R"/'=%
M7^W_`)-JN+>3J&^AS9:JA7V6KF`1]G>4D+5J0`6C)P$SEMC7GX\;V9!O'R=X
M#065"HXRK9^9:;<.UQ2$JKF&C)1T[@DU1U***/(>.0.V<F.!!+X`Z?&M=''&
M;U^9\J8#;[DVHW2S/(HU*,]RFFG5*:W`ZS0VH@RG\NLA&RWDO`;?@W%/(]PM
M!2+->VU5R1,`!QQM*72D$_*ZX0M&TD**S+RC;@K<!&F6%(0I"%(0I"%(0I".
MEY\]RF-PC-G^%,TI/,6.)Y(^Q*-=!=I(9,WA7BL`P6M8?MW,JBD0_7_K.]?3
M<E+2%?+,3]T]?ICX=W):5Z>KA!V^PRT^B/YRV=>Q#V6)[T2"F3[]<C<;W?8Y
M$5@O@C)Q-Q36+R%-T!28ZTP!@W6@7;`R^@B*`-UP6*-A.:]2$W;[86!M;:6T
MKH9Z^TSG]8)T/B8AM=YOJJO:ZX^FI2J6T)D-3()D=NY4_9)*-?BC;"Y$>O3.
M?9SPAXT2&_[U#9OF=C.!PDV_R=S!BN@PEY-D4,FQ3*,?9ND@1:RY3IN5$TE;
MLGH")0,4HEK%::X(M=<Z&$[Z0J(D3K('21\Y_BC/:ZSO7ZTM?:2&[D$`[@)R
M409IGY&8/OBI#;G_`/,7OO(Y6V#>GDKMQ"8&DZ1._-MU"3TIE$@U\Y2+-8X\
MX$='Q#YPWOXUS"X!$XW`AK5[+^2TVPIIV5E?7XB-#[I2/TQX#&#U'J?[W4(^
MS`@_""%3\?BG,?1.-K?BSQ4V0X?[3Q&SNQ>&-,3Q:+*FJ^<:?-D&3RPI$(XG
M\LF#@#R:FW>FYE5!TD#Z4P*0`"L4J*E^H=]5Y4U>'D)^7A]49]0T5-;F0Q1I
MVM#V:D^))\9^9B2=@#L%JZ\=N%(0$+@(?/I2$8OSW9/:'=+QCN-MIA.;*(E(
M1%SD>.1<H\233U:$DGKEL=VFB76/T%.!>O:L4R#!<-RLI5DMKH:YQ'RJ>90X
MM(\DK4"H#V`@>R,JQS.<SQ!2E8O=:^@"_F##[C:5>TH2H))T&I$_;&+TN%/$
MI#5X^/.U(:^AKXE&G^-^FM(VG^RU8P.$>(TF8QVT_P!`@_E$9@YSSS,[+?DU
MYT$O^)<&GT$1F&6VJVUGL-9[>3>"8K+X+'I,4&.)2,*Q>0#1*,)XX\J$8X14
M:I_9DZ)B!;D^%9C5XEC%PLC>-5UOI'L?:2D(IUM(4RD($D!+:@4C:/ED-/",
M)H,QRNUWU>3VVXUK&1.*6I52V\M#RBX9K)<20H[S\VNOC':H.#AL9B(Z`QZ+
M8PL)$-4F,9%1C9)FP8,T0TI-FC5$I$D44P[%*``%>O145';:1N@M[3;%$R@)
M0VA(2A"1H$I2```/``1XU=75MSK'+A<77'Z]Y96XXXHK6M1U*E*4223YDQUW
M.-M=OMRXQ.&W"PS&LUBDG`.T6&30[*8;(N0#3YD4WR*P)'$HV$2VN41`>@VK
MS;]C..Y32BAR.AI*ZD2H*"'VD.`*`D%`*!DH`R!&L>GC^49)B=8:_&:ZKH*T
MI*2MAU;2BDF9!*2)B>NO3PC]R>W.!36'DV^E\/QV3P9-@RBR8D^BFCG'RQT<
M*(L&?Y4LD9H+=H+<@IE$MBB4+5]5..6"LLXQZKHZ9VQAM#?H+;2IK8W+TT;"
M"G:B0VIE(2$H^*/),@MUZ_O'05M2S?\`U%K^T(<4E[>N>]7J)(5N5,S,YF9C
MZ6,8EC&%03#&,1@8K&\=BTSHQT)"LT8^-9)**'5.1NT;%313*9101&P=QKL6
MJSVJQT"+79J=FEMK0DAII(0A()F=J4@`:F>@CK76\W:^7!RZWFI>JKF\05NN
MK4XXH@``J6HE1D`!J8XR;#\3S2*5@LPQJ!RJ%7,4ZL3D42QFHXZA"B4BHLY%
M!PAYDP'Z3Z=1?@(5\W2RVB]T2[=>J6GJ[>Y\S3S:76S[2A84F?D9:'7K'-JO
M5XL5:FY66JJ*2X(Z.,N+:6`>HW((,CXB<CXB,#)\+N)R:YG)>/>U/F,(B(GQ
M"+4(%Q*(@5)1$R)`N4.A2@`5@:>%.)4&:<=M4YS_`.'0?Q$2B0_\<^8O2]'^
M\MX#7D*EP?D,9?RC:O;3-H%AB^88#B&3XY%%2)%PD[CT7)QD:5!#[5'\O9O&
MRJ+,4FXZ"BF!1`O0.E9?=<3Q>^T#=JO-OHJJVLR]-IUEM;;<A(;$J20B0T^$
M#32,)M&69/C]R<O%CN%;1W1TDK=9><;<7N.X[U(4"N:M3NG,ZQB-#AEQ1;.R
MOD./FU*;DAR'*<,/BA(!T_X!%`R`H#;\2]:Q!'"G$C:PM..VG</.G;(^H@@C
MV'2,U>YRYB?9-.[DUY+1!$OM3H,CUU"@?QQ(*&@(+'(QI"X]#1<%#,4_$RB8
M=@UC(UHE>_C;,622+5$E^MBE#K4C4=#16ZE;H;>RTQ1-)VH;;2$(0D>"4I`"
M1[``(C2MKJVY52ZZXO.U%:XJ:W'%J6M1\U+42I1]I)C%&:<:N/\`N+).YG.=
MF]N<IEWYBG?2LOBL2ZDG9R$T%.Y?&;`Z64*3H!C'$0"L.O/&''>05J[C>K+;
MJFX.?.XMA!<7T^9<MRCH.I,9C8.4.1<6I44..WNYT=$W/8VU4.)0F>IVIW;0
M#Y`2CS8/QSV&VU>A)X%M!M[BLF40$DG$8M$MY)(0"P>%_P#;&=H]/\4X7K]+
M'QIQ]C3WVFPV:VTM5^NVPV%C^2O;N3YZ$1\Y!R;R'E;'V7([U<ZRD((+;E0X
MIL@]0I&[8KZ08S+XR:=.D-/R'J'S^/XUFJDA1F>O\,8,"021U)C&&>[(;.[I
M'35W'VPP7-W"27@2>9+C$1+/TD/^Q2?NVJCU-$/@4J@%#Y5B]_P;#LJ4E>26
MRAKG4"25/,H6M(ZR"R-P$]9`RG&5XYG69XAN&+W6OMZ%ZJ2P^XVE1\U)2H))
M]I$XZWB'&#CK@4@A+8?LIMK`RC14J[229XE$"^:+D$HD7:.EVRJ[5<@E"QTS
M%,%N@UYEHXLXWL%4FMLUCM=/6)5-+B*=O>D^:5%)((\)$2.HCUKWROR9DE,J
MCOE^NM31K3M4VNI=V*2>J5)"@E23XA0(/E&<_&2]]/4?CU_Y:SS:"9GSG^;\
M\1_N(&W]&.AQFU6VL-F<KN-%8+BT?GLVFHE+Y@UA6*612*2I42*INI8J(/%2
M'(W(`@)^H%`.U8_38GC%'>W<EI*"D;R!\$.5"6D!Y8,@0IP#<9R$YGPC(:O+
MLHKK&SC59<*MS'J<@M4RG5EE!$Y%+<]H.I\/&._"4#!8>U9"-#/RC'"`>L8F
M@]A-DL:R@V;8_M+MW"Y>9PX>?J6-Q"#9S1';LQS.G*4@BR(Y17<&4,)SD,4Q
MM0W'K6)4.!81:[J;Y;K1;F+P2H^LBG:2X"HS40L)W`D]2"#X=(S"OY`SJZVD
M6&Y7FYU%E2E*0PY4O+:VIT2"A2RDA/@")#249:K+8Q"%(0I"%(0I"%(0I".+
M!WL'[OQO_P`(4A[?&.MKX9A[F7+/N<3QIQ/$435)-KP46K+E52$!24+)*-3/
M"J)B'TB![A\*^MZ]NV9V^4](^=B"K>0-_G+73IK[([&)"".H2E$WS$H7["'>
MU^QA_?7S'U,Q^K!_Q?V4A"D(4A"D(4A"D(4A"D(4A"D(4A"D(4A"D(4A"D(4
MA"D(4A"D(4A"D(4A"D(4A"D(4A"D(4A"D(4A"D(4A"D(4A"D(4A"D(4A"D(4
MA"D(4A"D(4A"D(4A"D(4A"D(4A"D(4A"D(4A"D(4A"D(4A"D(4A"D(4A"D(_
"_]D_
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
