-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 A4+x0r7iXF/hkO/V2wELmNajBrj5ynFXUx5Fz5ZWhrgc2SiuF/yZYA9NVhK6WDgx
 3LBkH4nyhP0paJJenJ94Yw==

<SEC-DOCUMENT>0000059255-10-000075.txt : 20100506
<SEC-HEADER>0000059255-10-000075.hdr.sgml : 20100506
<ACCEPTANCE-DATETIME>20100506170834
ACCESSION NUMBER:		0000059255-10-000075
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20100506
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20100506
DATE AS OF CHANGE:		20100506

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			VALHI INC /DE/
		CENTRAL INDEX KEY:			0000059255
		STANDARD INDUSTRIAL CLASSIFICATION:	INDUSTRIAL INORGANIC CHEMICALS [2810]
		IRS NUMBER:				870110150
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	333-48391
		FILM NUMBER:		10809078

	BUSINESS ADDRESS:	
		STREET 1:		5430 LBJ FRWY
		STREET 2:		STE 1700
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75240
		BUSINESS PHONE:		9722331700

	MAIL ADDRESS:	
		STREET 1:		THREE LINCOLN CENTER
		STREET 2:		5430 LBJ FREEWAY SUITE 1700
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75240

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LLC CORP
		DATE OF NAME CHANGE:	19870329

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LIBERTY LOAN CORP
		DATE OF NAME CHANGE:	19800414
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>vhi8k0310.htm
<DESCRIPTION>VALHI, INC. FORM 8-K DATED MAY 6, 2010
<TEXT>
<html>
<head>
    <title>vhi8k0310.htm</title>
<!-- Licensed to: Contran-->
<!-- Document Created using EDGARizer 5.1.6.0 -->
<!-- Copyright 1995 - 2009 Thomson Reuters. All rights reserved. -->
</head>
<body bgcolor="#ffffff" style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
<br>
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">UNITED STATES</font></div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SECURITIES AND EXCHANGE COMMISSION</font></div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Washington, D.C.&#160;&#160;&#160;20549</font></div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">FORM 8-K</font></div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">CURRENT REPORT</font></div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934</font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Date of Report (Date of the earliest event reported)</font></div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">May 6, 2010</font></div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 18pt; FONT-FAMILY: Times New Roman; FONT-VARIANT: small-caps">Valhi, Inc.</font></div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Exact name of registrant as specified in its charter)</font></div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="27%">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Delaware</font></div>
</td>
<td valign="top" width="27%">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">1-5467</font></div>
</td>
<td colspan="2" valign="top" width="27%">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">87-0110150</font></div>
</td>
</tr><tr>
<td valign="top" width="27%">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(State or other jurisdiction of incorporation)</font></div>
</td>
<td valign="top" width="27%">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Commission</font></div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">File Number)</font></div>
</td>
<td colspan="2" valign="top" width="27%">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(IRS Employer</font></div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Identification No.)</font></div>
</td>
</tr><tr>
<td valign="top" width="27%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160; </font></td>
<td valign="top" width="27%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160; </font></td>
<td colspan="2" valign="top" width="27%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160; </font></td>
</tr><tr>
<td valign="top" width="27%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160; </font></td>
<td valign="top" width="27%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160; </font></td>
<td colspan="2" valign="top" width="27%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160; </font></td>
</tr><tr>
<td colspan="3" valign="top" width="53%">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">5430 LBJ Freeway, Suite 1700, Dallas, Texas</font></div>
</td>
<td valign="top" width="26%">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">75240-2697</font></div>
</td>
</tr><tr>
<td colspan="3" valign="top" width="53%">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Address of principal executive offices)</font></div>
</td>
<td valign="top" width="26%">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Zip Code)</font></div>
</td>
</tr></table>
</div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Registrant&#8217;s telephone number, including area code</font></div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(972) 233-1700</font></div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="19%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160; </font></td>
<td valign="top" width="42%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160; </font></td>
<td valign="top" width="19%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160; </font></td>
</tr><tr>
<td valign="top" width="19%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160; </font></td>
<td valign="top" width="42%">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Former name or former address, if changed since last report.)</font></div>
</td>
<td valign="top" width="19%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160; </font></td>
</tr></table>
</div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2):</font></div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="5%">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt;" face="Wingdings">o</font></div>
</td>
<td valign="center" width="74%">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></div>
</td>
</tr><tr>
<td valign="top" width="5%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160; </font></td>
<td valign="center" width="74%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160; </font></td>
</tr><tr>
<td valign="top" width="5%">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt;" face="Wingdings">&#168;</font></div>
</td>
<td valign="center" width="74%">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></div>
</td>
</tr><tr>
<td valign="top" width="5%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160; </font></td>
<td valign="center" width="74%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160; </font></td>
</tr><tr>
<td valign="top" width="5%">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt;" face="Wingdings">&#168;</font></div>
</td>
<td valign="center" width="74%">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></div>
</td>
</tr><tr>
<td valign="top" width="5%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160; </font></td>
<td valign="center" width="74%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160; </font></td>
</tr><tr>
<td valign="top" width="5%">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt;" face="Wingdings">&#168;</font></div>
</td>
<td valign="center" width="74%">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></div>
</td>
</tr></table>
</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<br>
<div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160; </font></div>

<div style="WIDTH: 100%; TEXT-ALIGN: center">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160; </font></div>
</div>
</div>

<br>
<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Item 2.02</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Results of Operations and Financial Condition.</font></div>
</td>
</tr></table>
</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Item 7.01</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Regulation FD Disclosure.</font></div>
</td>
</tr></table>
</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The registrant hereby furnishes the information set forth in its press release issued on May 6, 2010, a copy of which is attached hereto as Exhibit 99.1 and incorporated herein by reference.</font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The information, including the exhibit, the registrant furnishes in this report is not deemed &#8220;filed&#8221; for purposes of section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section.&#160;&#160;Registration statements or other documents filed with the U.S. Securities and Exchange Commission shall not incorporate this information by reference, except as otherwise expressly stated in such filing.</font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Item 9.01</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Financial Statements and Exhibits.</font></div>
</td>
</tr></table>
</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="5%">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(d)</font></div>
</td>
<td valign="top" width="16%">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Exhibits</font></div>
</td>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160; </font></td>
<td valign="top" width="57%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160; </font></td>
</tr><tr>
<td valign="top" width="5%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160; </font></td>
<td valign="top" width="16%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160; </font></td>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160; </font></td>
<td valign="top" width="57%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160; </font></td>
</tr><tr>
<td valign="top" width="5%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160; </font></td>
<td valign="top" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Item No.</font></div>
</div>
</td>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160; </font></td>
<td valign="top" width="57%" style="BORDER-BOTTOM: black 2px solid">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Exhibit Index</font></div>
</div>
</td>
</tr><tr>
<td valign="top" width="5%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160; </font></td>
<td valign="top" width="16%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160; </font></td>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160; </font></td>
<td valign="top" width="57%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160; </font></td>
</tr><tr>
<td valign="top" width="5%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160; </font></td>
<td valign="top" width="16%">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">99.1</font></div>
</td>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160; </font></td>
<td valign="top" width="57%">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Press release dated May 6, 2010 issued by the registrant.</font></div>
</td>
</tr></table>
</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<br>
<div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160; </font></div>

<div style="WIDTH: 100%; TEXT-ALIGN: center">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160; </font></div>
</div>
</div>

<br>
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SIGNATURE</font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">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 hereunto duly authorized.</font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="40%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160; </font></td>
<td valign="top" width="40%">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-VARIANT: small-caps">Valhi, Inc.</font></div>
</td>
</tr><tr>
<td valign="top" width="40%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160; </font></td>
<td valign="top" width="40%">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(Registrant)</font></div>
</td>
</tr><tr>
<td valign="top" width="40%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160; </font></td>
<td valign="top" width="40%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160; </font></td>
</tr><tr>
<td valign="top" width="40%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160; </font></td>
<td valign="top" width="40%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160; </font></td>
</tr><tr>
<td valign="top" width="40%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160; </font></td>
<td valign="top" width="40%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160; </font></td>
</tr><tr>
<td valign="top" width="40%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160; </font></td>
<td valign="top" width="40%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160; </font></td>
</tr><tr>
<td valign="top" width="40%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160; </font></td>
<td valign="top" width="40%" style="BORDER-BOTTOM: black 2px solid">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">By:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline">/s/ Gregory M. Swalwell</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
</td>
</tr><tr>
<td valign="top" width="40%">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Date:&#160;&#160;May 6, 2010</font></div>
</td>
<td valign="top" width="40%">
<div style="DISPLAY: block; MARGIN-LEFT: 27pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: times new roman">Gregory M. Swalwell, Vice President and Controller</font></div>
</td>
</tr></table>
</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<br>
<div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160; </font></div>

<div style="WIDTH: 100%; TEXT-ALIGN: center">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160; </font></div>
</div>
</div>

<br>
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">INDEX TO EXHIBITS</font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="20%" style="BORDER-BOTTOM: black 2px solid">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Item No.</font></div>
</div>
</td>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160; </font></td>
<td valign="top" width="57%" style="BORDER-BOTTOM: black 2px solid">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Exhibit Index</font></div>
</div>
</td>
</tr><tr>
<td valign="top" width="20%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160; </font></td>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160; </font></td>
<td valign="top" width="57%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160; </font></td>
</tr><tr>
<td valign="top" width="20%">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">99.1</font></div>
</td>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160; </font></td>
<td valign="top" width="57%">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Press release dated May 6, 2010 issued by the registrant.</font></div>
</td>
</tr></table>
</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<br>
</body>
</html>


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>vhiexh991.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<html>
<head>
    <title>vhiexh991.htm</title>
<!-- Licensed to: Contran-->
<!-- Document Created using EDGARizer 5.1.6.0 -->
<!-- Copyright 1995 - 2009 Thomson Reuters. All rights reserved. -->
</head>
<body bgcolor="#ffffff" style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
<div style="DISPLAY: block; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><img src="valhiprlogo.jpg" alt=""></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
&#160;</div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">VALHI REPORTS FIRST QUARTER 2010 RESULTS</font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font>DALLAS, TEXAS . . May 6, 2010.&#160;&#160;Valhi, Inc. (NYSE: VHI) reported net income attributable to Valhi stockholders of $13.6 million, or $.10 per diluted share, in the first quarter of 2010 as compared to a net loss of $20.0 million, or $.18 per diluted share, in the first quarter of 2009. The Company reported net income attributable to Valhi stockholders in 2010 primarily due to an income tax benefit recognized during the quarter discussed below.</font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font>The Chemicals Segment&#8217;s net sales increased by $71.7 million in the first quarter of 2010 over the first quarter of 2009<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">&#160;</font>primarily due to higher sales volumes resulting from higher demand, primarily in European and export markets, as well as the favorable effect of currency exchange rates, which increased net sales by approximately $10 million. These increases were offset by lower average selling prices.&#160;&#160;While the Chemicals Segment&#8217;s average selling prices were 1% lower in the first quarter of 2010 as compared to the first quarter of 2009, the Chemicals Segment&#8217;s average selling prices at the end of the first quarter of 2010 were 1% higher than at the end of 2009, continuing the improveme
nt in selling prices that began in the second half of 2009.&#160;&#160;The table at the end of this press release shows how each of these items impacted the overall increase in sales.</font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font>The Chemicals Segment&#8217;s operating income for the first quarter of 2010 was $22.6 million compared with a $25.5 million operating loss in the first quarter of 2009.&#160;&#160;The Chemicals Segment&#8217;s first quarter operating income increased significantly due to higher sales volumes and lower manufacturing costs per ton resulting from higher production volumes.&#160;&#160;These increases were partially offset by the negative effects of lower TiO<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: sub">2</font> selling prices and the unfavorable effects of fluctuations in currency exchange rates, which decreased the Chemicals Segment&#8217;s operating income by approximately $8 million.&#160;&#160;The Chemicals Segment&#8217;s TiO<font style="DISPLAY: inline; FONT-SIZE:
 70%; VERTICAL-ALIGN: sub">2 </font>production volumes were 94% higher in the first quarter of 2010 as compared to the first quarter of 2009.&#160;&#160;Having implemented temporary plant curtailments in the first half of 2009 in order to reduce the Chemicals Segment&#8217;s finished goods inventories to an appropriate level, the Chemicals Segment&#8217;s operating rates were at approximately 50% of capacity for the first quarter of 2009 as compared to operating rates at near full capacity for the first quarter of 2010.&#160;&#160;Such temporary plant curtailments resulted in approximately $50 million of unabsorbed fixed production costs which were charged directly to cost of sales in the first quarter of 2009.&#160;&#160;Finished goods inventories at March 31, 2010, which represented approximately 2 months of average sales, were lower compared to March 31, 2009</font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The Component Products Segment&#8217;s net sales increased by $4.3 million in the first quarter of 2010 over the same quarter of 2009 primarily due to increased order rates from its customers resulting from improving economic conditions in North America. The Component Products Segment&#8217;s operating income was $1.7 million in the first quarter of 2010 compared to an operating loss of $1.0 million in the same period of 2009. The improvement in operating income was primarily due to improved coverage of overhead and fixed manufacturing costs from higher sales volumes and the related efficiency gains from the increase in utilization of capacity.&#160;&#160;In the first quarter of 2010, our Component Products Segment recorded $1.6 million of patent litigation expenses.</font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The Waste Management Segment&#8217;s sales increased in the first quarter 2010 compared to the same period in 2009 primarily due to revenue associated with the disposal of certain hazardous waste which had previously been stored at the Waste Management&#8217;s facility.&#160;&#160;&#160;The Waste Management Segments&#8217; operating loss increased primarily due to contract termination expense of $1.1 million related to an agreement to terminate a disposal contract with a former customer.&#160;&#160;The Waste Management Segment is continuing to seek opportunities to obtain certain types of new business that, if obtained, would increase its waste management sales and decrease its waste management operating loss.&#160;&#160;In this regard, in January 2009, the Texas Commission on Environmental Quality (&#8220;TCEQ&#8221;) issued to the W
aste Management Segment a final license for the near-surface disposal of Class A, B and C low-level radioactive waste (&#8220;LLRW&#8221;) at its site in Andrews County, Texas.&#160;&#160;The LLRW disposal license was signed in September 2009.&#160;&#160;Construction of the LLRW site is expected to commence in mid-2010, following the completion of some pre-construction licensing and administrative matters, and is expected to be operational in early 2011.</font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font>Litigation settlement expense in the first quarter of 2010 of $32.2 million ($.15 per diluted share net of taxes and noncontrolling interest) million relates to the settlement of certain legal proceedings of NL in April 2010. Litigation settlement gains in 2009 include a first quarter gain of $11.9 million ($.07 per diluted share, net of income taxes) related to amounts we received in recovery of past environmental remediation and is related to legal costs we had previously incurred.&#160;&#160;The $6.4 million gain ($.04 per diluted share, net of income taxes) in the first quarter of 2009 on the sale of a business related to the January 2009 sale of the assets of our research, laboratory and quality control business to Amalgamated Sugar Company LLC.</font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 30pt"></font>Insurance recoveries reflect, in part, amounts we received from certain of our former insurance carriers, and relate principally to the recovery of prior lead pigment and asbestos litigation defense costs incurred by us.&#160;&#160;In addition, a substantial portion of the insurance recoveries we recognized in the first quarter of 2010 relates to the litigation settlement referred to above. These insurance recoveries (net of tax and noncontrolling interest) aggregated $.09 per diluted share in the first quarter of 2010.</font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 30pt"></font>General corporate expenses were lower in 2010 as compared to 2009 due to lower defined benefit pension and postretirement benefit expense and lower incentive compensation expense which included certain incentive compensation paid in connection with the sale of our research and development business in the first quarter of 2009.&#160;&#160;These decreases were partially offset by higher litigation related costs at NL.&#160;&#160;Interest expense was higher in the first quarter of 2010 primarily due higher average debt balances and higher interest rates on our Chemicals Segment&#8217;s European credit facility offset somewhat by lower average interest rates at our Component Products Segment.</font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font>Valhi&#8217;s effective income tax rate varies significantly from the U.S. statutory federal income tax rate in all periods of 2009 and 2010.&#160;&#160;The Company&#8217;s income tax benefit in the first quarter of 2010 includes a $35.2 million benefit ($.21 per diluted share, net of noncontrolling interest) non-cash deferred income tax benefit related to our Chemicals Segment&#8217;s for a European Court ruling that resulted in the favorable resolution of certain income tax issues in Germany and an increase in the amount of our German corporate net operating loss carryforwards.</font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 30pt"></font>The statements in this press release relating to matters that are not historical facts are forward-looking statements that represent management's beliefs and assumptions based on currently available information.&#160;&#160;Although the Company believes the expectations reflected in such forward-looking statements are reasonable, it cannot give any assurances that these expectations will be correct.&#160;&#160;Such statements by their nature involve substantial risks and uncertainties that could significantly impact expected results, and actual future results could differ materially from those predicted. While it is not possible to identify all factors, the Company continues to face many risks and uncertainties.&#160;&#160;Among the factors that could cause our actual future results to di
ffer materially include, but are not limited to, the following:</font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline;" face="Symbol, serif">&#183;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Future supply and demand for our products;</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline;" face="Symbol, serif">&#183;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The cyclicality of certain of our businesses (such as Kronos&#8217; titanium dioxide pigment (&#8220;TiO<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: sub">2</font>&#8221;)operations);</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline;" face="Symbol, serif">&#183;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Customer inventory levels (such as the extent to which Kronos&#8217; customers may, from time to time, accelerate purchases of TiO<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: sub">2 </font>in advance of anticipated price increases or defer purchases of TiO<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: sub">2</font>in advance of anticipated price decreases;</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline;" face="Symbol, serif">&#183;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Changes in our raw material and other operating costs (such as energy costs);</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline;" face="Symbol, serif">&#183;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">General global economic and political conditions (such as changes in the level of gross domestic product in various regions of the world and the impact of such changes on demand for, among other things, TiO<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: sub">2</font>);</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline;" face="Symbol, serif">&#183;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Competitive products and prices, including increased competition from low-cost manufacturing sources (such as China);</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline;" face="Symbol, serif">&#183;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Possible disruption of our business or increases in the cost of doing business resulting from terrorist activities or global conflicts;</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline;" face="Symbol, serif">&#183;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Customer and competitor strategies;</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline;" face="Symbol, serif">&#183;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The impact of pricing and production decisions;</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline;" face="Symbol, serif">&#183;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Competitive technology positions;</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline;" face="Symbol, serif">&#183;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The introduction of trade barriers;</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline;" face="Symbol, serif">&#183;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Restructuring transactions involving us and our affiliates;</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline;" face="Symbol, serif">&#183;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Potential consolidation or solvency of our competitors;</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline;" face="Symbol, serif">&#183;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Demand for high performance marine components;</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline;" face="Symbol, serif">&#183;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The ability of our subsidiaries to pay us dividends (such as Kronos&#8217; suspension of its dividend in 2009);</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline;" face="Symbol, serif">&#183;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Uncertainties associated with new product development;</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline;" face="Symbol, serif">&#183;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Fluctuations in currency exchange rates (such as changes in the exchange rate between the U.S. dollar and each of the euro, the Norwegian krone, the Canadian dollar and the New Taiwan dollar);</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline;" face="Symbol, serif">&#183;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Operating interruptions (including, but not limited to, labor disputes, leaks, natural disasters, fires, explosions, unscheduled or unplanned downtime and transportation interruptions);</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline;" face="Symbol, serif">&#183;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The timing and amounts of insurance recoveries;</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline;" face="Symbol, serif">&#183;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Our ability to renew, amend, refinance or establish credit facilities;</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline;" face="Symbol, serif">&#183;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Our ability to maintain sufficient liquidity;</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline;" face="Symbol, serif">&#183;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The ultimate outcome of income tax audits, tax settlement initiatives or other tax matters;</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline;" face="Symbol, serif">&#183;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Our ultimate ability to utilize income tax attributes or changes in income tax rates related to such attributes, the benefit of which has been recognized under the more likely than not recognition criteria (such as Kronos&#8217; ability to utilize its German net operating loss carryforwards);</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline;" face="Symbol, serif">&#183;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Environmental matters (such as those requiring compliance with emission and discharge standards for existing and new facilities, or new developments regarding environmental remediation at sites related to our former operations);</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline;" face="Symbol, serif">&#183;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Government laws and regulations and possible changes therein (such as changes in government regulations which might impose various obligations on present and former manufacturers of lead pigment and lead-based paint, including NL, with respect to asserted health concerns associated with the use of such products);</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> </font>
<div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline;" face="Symbol, serif">&#183;</font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Our ability to complete, obtain approval of and comply with the conditions of our licenses and permits (such as approval by the TCEQ of license conditions of WCS&#8217;s low-level radioactive waste disposal license);</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline;" face="Symbol, serif">&#183;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The ultimate resolution of pending litigation (such as NL's lead pigment litigation, environmental and other litigation and CompX&#8217;s patent litigation);</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline;" face="Symbol, serif">&#183;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Uncertainties associated with the development of new product features;</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline;" face="Symbol, serif">&#183;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Our ability to comply with covenants contained in our revolving bank credit facilities; and</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline;" face="Symbol, serif">&#183;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Possible future litigation.</font></div>
</td>
</tr></table>
</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Should one or more of these risks materialize (or the consequences of such development worsen), or should the underlying assumptions prove incorrect, actual results could differ materially from those currently forecasted or expected.&#160;&#160;We disclaim any intention or obligation to update or revise any forward-looking statement whether as a result of changes in information, future events or otherwise.</font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Valhi, Inc. is engaged in the titanium dioxide pigments, component products (security products, furniture components and high performance marine components) and waste management industries.</font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">* * * * *</font></div>

<br>
<div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div style="WIDTH: 100%" align="left">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
</div>

<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160; </font></div>

<div style="WIDTH: 100%; TEXT-ALIGN: center">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160; </font></div>
</div>
</div>

<br>
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: -85.5pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">VALHI, INC. AND SUBSIDIARIES</font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: -85.5pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">CONDENSED SUMMARY OF OPERATIONS</font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: -85.5pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(In millions, except earnings per share)</font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div align="left">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="bottom" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160; </font></td>
<td valign="bottom" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td colspan="6" valign="bottom" style="BORDER-BOTTOM: black 2px solid">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Three months ended</font></div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline">&#160;March 31,</font></font></div>
</td>
<td nowrap valign="bottom" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
</tr><tr>
<td valign="bottom" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160; </font></td>
<td valign="bottom" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td colspan="2" valign="bottom" style="BORDER-BOTTOM: black 2px solid">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline">2009</font></font></div>
</td>
<td nowrap valign="bottom" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td colspan="2" valign="bottom" style="BORDER-BOTTOM: black 2px solid">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline">2010</font></font></div>
</td>
<td nowrap valign="bottom" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
</tr><tr>
<td valign="bottom"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160; </font></td>
<td valign="bottom"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td colspan="6" valign="bottom">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(unaudited)</font></div>
</td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td align="left" valign="bottom">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Net sales</font></div>
</td>
<td valign="bottom"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td colspan="2" valign="bottom"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td colspan="2" valign="bottom"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="76%">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: -9pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;&#160;Chemicals</font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font id="TAB1" style="MARGIN-LEFT: 13.5pt"></font>248.0</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font id="TAB1" style="MARGIN-LEFT: 13.5pt"></font>319.7</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td align="left" valign="bottom" width="76%">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;&#160;Component products</font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font id="TAB1" style="MARGIN-LEFT: 13.5pt"></font>28.5</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font id="TAB1" style="MARGIN-LEFT: 13.5pt"></font>32.8</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="76%" style="PADDING-BOTTOM: 2px">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;&#160;Waste management</font></div>
</td>
<td align="left" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font id="TAB1" style="MARGIN-LEFT: 13.5pt"></font><font style="DISPLAY: inline">.8</font></font></td>
<td nowrap valign="bottom" width="1%" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td align="left" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font id="TAB1" style="MARGIN-LEFT: 13.5pt"></font><font style="DISPLAY: inline">4.3</font></font></td>
<td nowrap valign="bottom" width="1%" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td valign="bottom" width="76%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="76%" style="PADDING-BOTTOM: 4px">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: -9pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; FONT-STYLE: italic">Total net sales</font></font></div>
</td>
<td align="left" valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">$</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font id="TAB1" style="MARGIN-LEFT: 13.5pt"></font><font style="DISPLAY: inline">277.3</font></font></td>
<td nowrap valign="bottom" width="1%" style="PADDING-BOTTOM: 4px; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td align="left" valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">$</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font id="TAB1" style="MARGIN-LEFT: 13.5pt"></font><font style="DISPLAY: inline">356.8</font></font></td>
<td nowrap valign="bottom" width="1%" style="PADDING-BOTTOM: 4px; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td valign="bottom" width="76%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="76%">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Operating income (loss)</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td align="left" valign="bottom" width="76%">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;&#160;Chemicals</font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font id="TAB1" style="MARGIN-LEFT: 13.5pt"></font>(25.5</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">)</font></td>
<td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font id="TAB1" style="MARGIN-LEFT: 13.5pt"></font>22.6</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="76%">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;&#160;Component products</font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font id="TAB1" style="MARGIN-LEFT: 13.5pt"></font>(1.0</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">)</font></td>
<td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font id="TAB1" style="MARGIN-LEFT: 13.5pt"></font>1.7</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td align="left" valign="bottom" width="76%" style="PADDING-BOTTOM: 2px">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;&#160;Waste management</font></div>
</td>
<td align="left" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font id="TAB1" style="MARGIN-LEFT: 13.5pt"></font><font style="DISPLAY: inline">(6.5</font></font></td>
<td nowrap valign="bottom" width="1%" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">)</font></td>
<td align="left" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font id="TAB1" style="MARGIN-LEFT: 13.5pt"></font><font style="DISPLAY: inline">(6.7</font></font></td>
<td nowrap valign="bottom" width="1%" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">)</font></td>
</tr><tr bgcolor="white">
<td valign="bottom" width="76%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td align="left" valign="bottom" width="76%">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; FONT-STYLE: italic">Total operating income (loss)</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font id="TAB1" style="MARGIN-LEFT: 13.5pt"></font>(33.0</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">)</font></td>
<td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font id="TAB1" style="MARGIN-LEFT: 13.5pt"></font>17.6</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
</tr><tr bgcolor="white">
<td valign="bottom" width="76%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td align="left" valign="bottom" width="76%">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Equity in income (loss) of investee</font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font id="TAB1" style="MARGIN-LEFT: 13.5pt"></font>(.7</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">)</font></td>
<td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font id="TAB1" style="MARGIN-LEFT: 13.5pt"></font>.1</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
</tr><tr bgcolor="white">
<td valign="bottom" width="76%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td align="left" valign="bottom" width="76%">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">General corporate items, net:</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="76%">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;&#160;Securities earnings</font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font id="TAB1" style="MARGIN-LEFT: 13.5pt"></font>6.4</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font id="TAB1" style="MARGIN-LEFT: 13.5pt"></font>6.5</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td align="left" valign="bottom" width="76%">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;&#160;Insurance recoveries</font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font id="TAB1" style="MARGIN-LEFT: 13.5pt"></font>.7</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font id="TAB1" style="MARGIN-LEFT: 13.5pt"></font>18.2</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="76%">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;&#160;Litigation settlement gain (expense)</font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font id="TAB1" style="MARGIN-LEFT: 13.5pt"></font>11.9</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font id="TAB1" style="MARGIN-LEFT: 13.5pt"></font>(32.2</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">)</font></td>
</tr><tr bgcolor="#cceeff">
<td align="left" valign="bottom" width="76%">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;&#160;Gain on sale of business</font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font id="TAB1" style="MARGIN-LEFT: 13.5pt"></font>6.4</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font id="TAB1" style="MARGIN-LEFT: 13.5pt"></font>-</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="76%">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;&#160;General expenses, net</font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font id="TAB1" style="MARGIN-LEFT: 13.5pt"></font>(8.3</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">)</font></td>
<td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font id="TAB1" style="MARGIN-LEFT: 13.5pt"></font>(7.7</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">)</font></td>
</tr><tr bgcolor="#cceeff">
<td align="left" valign="bottom" width="76%" style="PADDING-BOTTOM: 2px">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Interest expense</font></div>
</td>
<td align="left" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font id="TAB1" style="MARGIN-LEFT: 13.5pt"></font><font style="DISPLAY: inline">(16.0</font></font></td>
<td nowrap valign="bottom" width="1%" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">)</font></td>
<td align="left" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font id="TAB1" style="MARGIN-LEFT: 13.5pt"></font><font style="DISPLAY: inline">(17.4</font></font></td>
<td nowrap valign="bottom" width="1%" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">)</font></td>
</tr><tr bgcolor="white">
<td valign="bottom" width="76%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td align="left" valign="bottom" width="76%">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; FONT-STYLE: italic">Loss before income taxes</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font id="TAB1" style="MARGIN-LEFT: 13.5pt"></font>(32.6</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">)</font></td>
<td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font id="TAB1" style="MARGIN-LEFT: 13.5pt"></font>(14.9</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">)</font></td>
</tr><tr bgcolor="white">
<td valign="bottom" width="76%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td align="left" valign="bottom" width="76%" style="PADDING-BOTTOM: 2px">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Income tax benefit</font></div>
</td>
<td align="left" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font id="TAB1" style="MARGIN-LEFT: 13.5pt"></font><font style="DISPLAY: inline">(9.2</font></font></td>
<td nowrap valign="bottom" width="1%" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">)</font></td>
<td align="left" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font id="TAB1" style="MARGIN-LEFT: 13.5pt"></font><font style="DISPLAY: inline">(30.0</font></font></td>
<td nowrap valign="bottom" width="1%" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">)</font></td>
</tr><tr bgcolor="white">
<td valign="bottom" width="76%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td align="left" valign="bottom" width="76%">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: times new roman">&#160;&#160;&#160;&#160;Net income (loss)</font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font id="TAB1" style="MARGIN-LEFT: 13.5pt"></font>(23.4</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">)</font></td>
<td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font id="TAB1" style="MARGIN-LEFT: 13.5pt"></font>15.1</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
</tr><tr bgcolor="white">
<td valign="bottom" width="76%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td align="left" valign="bottom" width="76%" style="PADDING-BOTTOM: 2px">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Noncontrolling interest in net income (loss)</font></div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;of&#160;subsidiaries</font></div>
</td>
<td align="left" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font id="TAB1" style="MARGIN-LEFT: 13.5pt"></font><font style="DISPLAY: inline">(3.4</font></font></td>
<td nowrap valign="bottom" width="1%" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">)</font></td>
<td align="left" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font id="TAB1" style="MARGIN-LEFT: 13.5pt"></font><font style="DISPLAY: inline">&#160;1.5</font></font></td>
<td nowrap valign="bottom" width="1%" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
</tr><tr bgcolor="white">
<td valign="bottom" width="76%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td align="left" valign="bottom" width="76%" style="PADDING-BOTTOM: 4px">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; FONT-STYLE: italic">Net income (loss) attributable to Valhi</font></font></div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: times new roman">&#160;&#160;&#160;&#160;&#160;stockholders</font></div>
</td>
<td align="left" valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">$</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font id="TAB1" style="MARGIN-LEFT: 13.5pt"></font><font style="DISPLAY: inline">(20.0</font></font></td>
<td nowrap valign="bottom" width="1%" style="PADDING-BOTTOM: 4px; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">)</font></td>
<td align="left" valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">$</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font id="TAB1" style="MARGIN-LEFT: 13.5pt"></font><font style="DISPLAY: inline">13.6</font></font></td>
<td nowrap valign="bottom" width="1%" style="PADDING-BOTTOM: 4px; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
</tr><tr bgcolor="white">
<td valign="bottom" width="76%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td align="left" valign="bottom" width="76%" style="PADDING-BOTTOM: 4px">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: times new roman">Basic and diluted net income (loss)</font></div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: times new roman">&#160;attributable to Valhi stockholders per share</font></div>
</td>
<td align="left" valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">$</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font id="TAB1" style="MARGIN-LEFT: 13.5pt"></font><font style="DISPLAY: inline">(.18</font></font></td>
<td nowrap valign="bottom" width="1%" style="PADDING-BOTTOM: 4px; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">)</font></td>
<td align="left" valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">$</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font id="TAB1" style="MARGIN-LEFT: 13.5pt"></font><font style="DISPLAY: inline">.10</font></font></td>
<td nowrap valign="bottom" width="1%" style="PADDING-BOTTOM: 4px; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
</tr><tr bgcolor="white">
<td valign="bottom" width="76%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td align="left" valign="bottom" width="76%" style="PADDING-BOTTOM: 4px">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: times new roman">Basic and diluted weighted average shares</font></div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>Outstanding</font></div>
</td>
<td align="left" valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font id="TAB1" style="MARGIN-LEFT: 13.5pt"></font><font style="DISPLAY: inline">&#160;114.3</font></font></td>
<td nowrap valign="bottom" width="1%" style="PADDING-BOTTOM: 4px; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td align="left" valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font id="TAB1" style="MARGIN-LEFT: 13.5pt"></font><font style="DISPLAY: inline">&#160;114.3</font></font></td>
<td nowrap valign="bottom" width="1%" style="PADDING-BOTTOM: 4px; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
</tr><tr bgcolor="white">
<td valign="bottom" width="76%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
</tr></table>
</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<br>
<div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div style="WIDTH: 100%" align="left">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
</div>

<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160; </font></div>

<div style="WIDTH: 100%; TEXT-ALIGN: center">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160; </font></div>
</div>
</div>

<br>
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">VALHI, INC. AND SUBSIDIARIES</font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">IMPACT OF PERCENTAGE CHANGE IN CHEMICALS NET SALES</font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div align="left">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="bottom" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160; </font></td>
<td valign="bottom" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td colspan="2" valign="bottom" style="BORDER-BOTTOM: black 2px solid">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Three months ended</font></div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">March 31,</font></div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline">&#160;2010 vs. 2009</font></font></div>
</td>
<td nowrap valign="bottom" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
</tr><tr>
<td valign="bottom"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160; </font></td>
<td valign="bottom"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td colspan="2" valign="bottom">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(unaudited)</font></div>
</td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
</tr><tr>
<td valign="bottom"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160; </font></td>
<td valign="bottom"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td colspan="2" valign="bottom"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td align="left" valign="bottom">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Percent change in net sales:</font></div>
</td>
<td valign="bottom"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td colspan="2" valign="bottom"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td nowrap valign="bottom" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="88%">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;&#160;TiO<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: sub">2</font> product pricing</font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font id="TAB1" style="MARGIN-LEFT: 43.4pt"></font>(1</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">)%</font></td>
</tr><tr bgcolor="#cceeff">
<td align="left" valign="bottom" width="88%">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;&#160;TiO<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: sub">2</font> sales volumes</font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font id="TAB1" style="MARGIN-LEFT: 43.4pt"></font>26</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="88%">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;&#160;TiO<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: sub">2</font> product mix</font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font id="TAB1" style="MARGIN-LEFT: 43.4pt"></font>-</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td align="left" valign="bottom" width="88%" style="PADDING-BOTTOM: 2px">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;&#160;Changes in currency exchange rates</font></div>
</td>
<td align="left" valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font id="TAB1" style="MARGIN-LEFT: 43.4pt"></font><font style="DISPLAY: inline">&#160; 4</font></font></td>
<td nowrap valign="bottom" width="1%" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="bottom" width="88%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
</tr><tr bgcolor="#cceeff">
<td align="left" valign="bottom" width="88%" style="PADDING-BOTTOM: 4px">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;&#160;&#160;&#160;&#160;&#160;Total</font></div>
</td>
<td align="left" valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font id="TAB1" style="MARGIN-LEFT: 43.4pt"></font><font style="DISPLAY: inline">29</font></font></td>
<td nowrap valign="bottom" width="1%" style="PADDING-BOTTOM: 4px; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">%</font></td>
</tr></table>
</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>
</body>
</html>


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>valhiprlogo.jpg
<TEXT>
begin 644 valhiprlogo.jpg
M_]C_X``02D9)1@`!`@$`8`!@``#_X0@917AI9@``34T`*@````@`!P$2``,`
M```!``$```$:``4````!````8@$;``4````!````:@$H``,````!``(```$Q
M``(````4````<@$R``(````4````AH=I``0````!````G````,@```!@````
M`0```&`````!061O8F4@4&AO=&]S:&]P(#<N,``R,#`W.C`Y.C`W(#`Y.C0P
M.C4T``````.@`0`#`````?__``"@`@`$`````0```M"@`P`$`````0```+@`
M````````!@$#``,````!``8```$:``4````!```!%@$;``4````!```!'@$H
M``,````!``(```(!``0````!```!)@("``0````!```&ZP````````!(````
M`0```$@````!_]C_X``02D9)1@`!`@$`2`!(``#_[0`,061O8F5?0TT``O_N
M``Y!9&]B90!D@`````'_VP"$``P("`@)"`P)"0P1"PH+$14/#`P/%1@3$Q43
M$Q@1#`P,#`P,$0P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P!#0L+#0X-
M$`X.$!0.#@X4%`X.#@X4$0P,#`P,$1$,#`P,#`P1#`P,#`P,#`P,#`P,#`P,
M#`P,#`P,#`P,#`P,#/_``!$(`"$`@`,!(@`"$0$#$0'_W0`$``C_Q`$_```!
M!0$!`0$!`0`````````#``$"!`4&!P@)"@L!``$%`0$!`0$!``````````$`
M`@,$!08'"`D*"Q```00!`P($`@4'!@@%`PPS`0`"$0,$(1(Q!4%181,B<8$R
M!A21H;%"(R054L%B,S1R@M%#!R624_#A\6-S-1:BLH,F1)-49$7"HW0V%])5
MXF7RLX3#TW7C\T8GE*2%M)7$U.3TI;7%U>7U5F9VAI:FML;6YO8W1U=G=X>7
MI[?'U^?W$0`"`@$"!`0#!`4&!P<&!34!``(1`R$Q$@1!46%Q(A,%,H&1%*&Q
M0B/!4M'P,R1BX7*"DD-3%6-S-/$E!A:BLH,')C7"TD235*,79$55-G1EXO*S
MA,/3=>/S1I2DA;25Q-3D]*6UQ=7E]59F=H:6IK;&UN;V)S='5V=WAY>GM\?_
MV@`,`P$``A$#$0`_`+?4OKM]8>F9_5NAV6M=FMR!]AR;&UAM.,6NR'W7"MNR
MUS,;T?\`!_Z7_1^A97Z7_C'ZK7?9?GY-61A/IO;CM+65V"^A@LH?<VIOZ/[:
M[V;/YO\`2>S^:7??L2S_`,L\[_MRO_T@E^Q+?_+/._SZ_P#T@G6&Q[F*JX!M
MJ?Y1>-K^OF2[ZI4LIZ@S*^L^58RIC65MECK;3Z;75[&4?S#=G_'*OE?7+ZV.
MSK.G;V8&>UV+@UXH]&\G)N=OMRK+]OH_S3=GHL_1U>K7_H[%W7[$L_\`+/._
MSZ__`$@E^Q+/_+/._P"W&?\`I%+1`GC%^F.Y.O\`Z+\KJ)++_8=G_EGG?]N,
M_P#2*R>JT=<P[KF8+<_J%=5%=C'C)KK+[;+?0^RL:[%>W]'3NR;+M_L0T[L5
M#][\'JDEQ\]<+WAM/42UM]]3''(`FNJI]^+E.!PO:W,M9Z&QOJ>AZG^$L_0I
M9)Z]2RM]5'4K@_#&2\?:6`LO(<X=.VC$>YS]S=GK-2T[JH?O?@]@DN3<.J#)
MJJ'[2=4ZQS+K1;]!@I;DMN:UV$WU=]V[$]/=_.?X3]P0?ULUUO\`1ZFTO&,7
MM=>V6FYUM>8SV8;]WV#TFO\`W+Z[?\"EIW50_>_![%)9?[#L_P#+/._[<9_Z
M12_8=G_EGG?]N,_](I:=U4/WOP=1)9?[#L_\L\[_`+<9_P"D4OV'9_Y9YW_;
MC/\`TBEIW50_>_!U$EE_L.S_`,L\[_MQG_I%6\+#=B,<QV1=D[G;MU[@XC2-
MK=C*_:@@@=[?_]#MLKZJ86UOV1MFZ??ZN9F1M@_1V9'TM^Q5'?53)]5NQE9J
MV^^<W/#M^]WT/T[F^G]GV?\`7_\`@UK]>;.-3J`6VAP#A,PVP[=GYZSADBM@
M?3<RLUUAC6ULK]1K2>+:P-K6>H_91Z'T/^N(V>Z[W)_O'[6`^JEGK>ZMOH^H
M>,W.W^GNT_P^WU?2_L>HI'ZJ^RS;4"^7>B3G9P$;1Z?J_IG?X3=OV_F*ZU^=
M<VNRBVQ["06V5%CFEP'I.]</9]!K_P"=95Z7Z6M6:KNK7-,5LH<UX_G6DAS"
M&_0V6[MS7;_I-2L]U>Y/]X_:T,?ZJ8$/^TLM!W'TS7F9A!9^;OWY'ML1O^:?
M1OW<C_V,RO\`WI6PDE9[J]R?[Q^UQ_\`FGT;]W(_]C,K_P!Z4O\`FGT;]W(_
M]C,K_P!Z5L))6>ZO<G^]+[7'_P":?1OW<C_V,RO_`'I2_P":?1OW<C_V,RO_
M`'I6PDE9[J]R?[TOM<?_`)I]&_=R/_8S*_\`>E47?54[SL8-D';.;G3,-VS%
M_P"]ZG_@:Z98KNB9)-AW4R\N+3L;H'>HST[/T1]>M[+G[MZ5GNKW)_O2^U#C
M_53$-A^TL>*]HV^GFYA(?+MP.^]NYFST_P#IJQ_S3Z-^[D?^QF5_[THU/2(R
MGW9+FWL=OVM<Q@(WEOYS*VN=OV^I9_PBTDK/=7N3_>/VN/\`\T^C?NY'_L9E
M?^]*O=/Z9B=.K=7BAX:]V]WJ6V7&8V_3R;+7M^BK22%E1G(Z&1/F7__1]1L^
MG5_6/_4N2I_F_F[_`*HKY9224_522^54DE/U4DOE5))3]5)+Y5224_522^54
MDE/U4DOE5))3]5)+Y5224_522^54DE/_V?_M#+A0:&]T;W-H;W`@,RXP`#A"
M24T$)0``````$``````````````````````X0DE-`^T``````!``8`````$`
M`0!@`````0`!.$))300F```````.`````````````#^````X0DE-!`T`````
M``0````>.$))3009```````$````'CA"24T#\P``````"0```````````0`X
M0DE-!`H```````$``#A"24TG$```````"@`!``````````$X0DE-`_4`````
M`$@`+V9F``$`;&9F``8```````$`+V9F``$`H9F:``8```````$`,@````$`
M6@````8```````$`-0````$`+0````8```````$X0DE-`_@``````'```/__
M__________________________\#Z`````#_________________________
M____`^@`````_____________________________P/H`````/__________
M__________________\#Z```.$))300(```````0`````0```D````)`````
M`#A"24T$'@``````!``````X0DE-!!H``````TL````&``````````````"X
M```"T`````L`=@!A`&P`:`!I`'``<@!L`&\`9P!O`````0``````````````
M```````````!``````````````+0````N``````````````````````!````
M`````````````````````!`````!````````;G5L;`````(````&8F]U;F1S
M3V)J8P````$```````!28W0Q````!`````!4;W`@;&]N9P``````````3&5F
M=&QO;F<``````````$)T;VUL;VYG````N`````!29VAT;&]N9P```M`````&
M<VQI8V5S5FQ,<P````%/8FIC`````0``````!7-L:6-E````$@````=S;&EC
M94E$;&]N9P`````````'9W)O=7!)1&QO;F<`````````!F]R:6=I;F5N=6T`
M```,15-L:6-E3W)I9VEN````#6%U=&]'96YE<F%T960`````5'EP965N=6T`
M```*15-L:6-E5'EP90````!);6<@````!F)O=6YD<T]B:F,````!````````
M4F-T,0````0`````5&]P(&QO;F<``````````$QE9G1L;VYG``````````!"
M=&]M;&]N9P```+@`````4F=H=&QO;F<```+0`````W5R;%1%6%0````!````
M````;G5L;%1%6%0````!````````37-G951%6%0````!```````&86QT5&%G
M5$585`````$```````YC96QL5&5X=$ES2%1-3&)O;VP!````"&-E;&Q497AT
M5$585`````$```````EH;W)Z06QI9VYE;G5M````#T53;&EC94AO<GI!;&EG
M;@````=D969A=6QT````"79E<G1!;&EG;F5N=6T````/15-L:6-E5F5R=$%L
M:6=N````!V1E9F%U;'0````+8F=#;VQO<E1Y<&5E;G5M````$453;&EC94)'
M0V]L;W)4>7!E`````$YO;F4````)=&]P3W5T<V5T;&]N9P`````````*;&5F
M=$]U='-E=&QO;F<`````````#&)O='1O;4]U='-E=&QO;F<`````````"W)I
M9VAT3W5T<V5T;&]N9P``````.$))3001```````!`0`X0DE-!!0```````0`
M```!.$))300,``````<'`````0```(`````A```!@```,8````;K`!@``?_8
M_^``$$I&248``0(!`$@`2```_^T`#$%D;V)E7T--``+_[@`.061O8F4`9(``
M```!_]L`A``,"`@("0@,"0D,$0L*"Q$5#PP,#Q48$Q,5$Q,8$0P,#`P,#!$,
M#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,`0T+"PT.#1`.#A`4#@X.%!0.
M#@X.%!$,#`P,#!$1#`P,#`P,$0P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,
M#`S_P``1"``A`(`#`2(``A$!`Q$!_]T`!``(_\0!/P```04!`0$!`0$`````
M`````P`!`@0%!@<("0H+`0`!!0$!`0$!`0`````````!``(#!`4&!P@)"@L0
M``$$`0,"!`(%!P8(!0,,,P$``A$#!"$2,05!46$3(G&!,@84D:&Q0B,D%5+!
M8C,T<H+10P<EDE/PX?%C<S46HK*#)D235&1%PJ-T-A?25>)E\K.$P]-UX_-&
M)Y2DA;25Q-3D]*6UQ=7E]59F=H:6IK;&UN;V-T=79W>'EZ>WQ]?G]Q$``@(!
M`@0$`P0%!@<'!@4U`0`"$0,A,1($05%A<2(3!3*!D12AL4(CP5+1\#,D8N%R
M@I)#4Q5C<S3Q)086HK*#!R8UPM)$DU2C%V1%539T9>+RLX3#TW7C\T:4I(6T
ME<34Y/2EM<75Y?569G:&EJ:VQM;F]B<W1U=G=X>7I[?'_]H`#`,!``(1`Q$`
M/P"WU+Z[?6'IF?U;H=EK79K<@?8<FQM8;3C%KLA]UPK;LM<S&]'_``?^E_T?
MH65^E_XQ^JUWV7Y^35D83Z;VX[2UE=@OH8+*'W-J;^C^VN]FS^;_`$GL_FEW
MW[$L_P#+/._[<K_]()?L2W_RSSO\^O\`]()UAL>YBJN`;:G^47C:_KYDN^J5
M+*>H,ROK/E6,J8UE;98ZVT^FUU>QE'\PW9_QRKY7UR^MCLZSIV]F!GM=BX->
M*/1O)R;G;[<JR_;Z/\TW9Z+/T=7JU_Z.Q=U^Q+/_`"SSO\^O_P!()?L2S_RS
MSO\`MQG_`*12T0)XQ?ICN3K_`.B_*ZB2R_V'9_Y9YW_;C/\`TBLGJM'7,.ZY
MF"W/ZA75178QXR:ZR^VRWT/LK&NQ7M_1T[LFR[?[$-.[%0_>_!ZI)<?/7"]X
M;3U$M;??4QQR`)KJJ??BY3@<+VMS+6>AL;ZGH>I_A+/T*62>O4LK?51U*X/P
MQDO'VE@++R'.'3MHQ'N<_<W9ZS4M.ZJ'[WX/8)+DW#J@R:JA^TG5.L<RZT6_
M08*6Y+;FM=A-]7?=NQ/3W?SG^$_<$'];-=;_`$>IM+QC%[77MEIN=;7F,]F&
M_=]@])K_`-R^NW_`I:=U4/WOP>Q267^P[/\`RSSO^W&?^D4OV'9_Y9YW_;C/
M_2*6G=5#][\'4267^P[/_+/._P"W&?\`I%+]AV?^6>=_VXS_`-(I:=U4/WOP
M=1)9?[#L_P#+/._[<9_Z15O"PW8C',=D79.YV[=>X.(TC:W8ROVH(('>W__0
M[;*^JF%M;]D;9NGW^KF9D;8/T=F1]+?L51WU4R?5;L96:MOOG-SP[?O=]#].
MYOI_9]G_`%__`(-:_7FSC4Z@%MH<`X3,-L.W9^>LX9(K8'TW,K-=88UM;*_4
M:TGBVL#:UGJ/V4>A]#_KB-GNN]R?[Q^U@/JI9ZWNK;Z/J'C-SM_I[M/\/M]7
MTO['J*1^JOLLVU`OEWHDYV<!&T>GZOZ9W^$W;]OYBNM?G7-KLHML>PD%ME18
MYI<!Z3O7#V?0:_\`G65>E^EK5FJ[JUS3%;*'->/YUI(<PAOT-EN[<UV_Z34K
M/=7N3_>/VM#'^JF!#_M++0=Q],UYF806?F[]^1[;$;_FGT;]W(_]C,K_`-Z5
ML))6>ZO<G^\?M<?_`)I]&_=R/_8S*_\`>E+_`)I]&_=R/_8S*_\`>E;"25GN
MKW)_O2^UQ_\`FGT;]W(_]C,K_P!Z4O\`FGT;]W(_]C,K_P!Z5L))6>ZO<G^]
M+[7'_P":?1OW<C_V,RO_`'I5%WU5.\[&#9!VSFYTS#=LQ?\`O>I_X&NF6*[H
MF238=U,O+BT[&Z!WJ,].S]$?7K>RY^[>E9[J]R?[TOM0X_U4Q#8?M+'BO:-O
MIYN82'R[<#OO;N9L]/\`Z:L?\T^C?NY'_L9E?^]*-3TB,I]V2YM[';]K7,8"
M-Y;^<RMKG;]OJ6?\(M)*SW5[D_WC]KC_`/-/HW[N1_[&97_O2KW3^F8G3JW5
MXH>&O=O=ZEMEQF-OT\FRU[?HJTDA949R.AD3YE__T?4;/IU?UC_U+DJ?YOYN
M_P"J*^64DE/U4DOE5))3]5)+Y5224_522^54DE/U4DOE5))3]5)+Y5224_52
M2^54DE/U4DOE5))3_]D`.$))300A``````!5`````0$````/`$$`9`!O`&(`
M90`@`%``:`!O`'0`;P!S`&@`;P!P````$P!!`&0`;P!B`&4`(`!0`&@`;P!T
M`&\`<P!H`&\`<``@`#<`+@`P`````0`X0DE-!`8```````<``0````$!`/_A
M$DAH='1P.B\O;G,N861O8F4N8V]M+WAA<"\Q+C`O`#P_>'!A8VME="!B96=I
M;CTG[[N_)R!I9#TG5S5-,$UP0V5H:4AZ<F53>DY48WIK8SED)S\^"CP_861O
M8F4M>&%P+69I;'1E<G,@97-C/2)#4B(_/@H\>#IX87!M971A('AM;&YS.G@]
M)V%D;V)E.FYS.FUE=&$O)R!X.GAA<'1K/2=835`@=&]O;&MI="`R+C@N,BTS
M,RP@9G)A;65W;W)K(#$N-2<^"CQR9&8Z4D1&('AM;&YS.G)D9CTG:'1T<#HO
M+W=W=RYW,RYO<F<O,3DY.2\P,B\R,BUR9&8M<WEN=&%X+6YS(R<@>&UL;G,Z
M:5@])VAT='`Z+R]N<RYA9&]B92YC;VTO:5@O,2XP+R<^"@H@/')D9CI$97-C
M<FEP=&EO;B!A8F]U=#TG=75I9#HT930W8V4V82TU9#4P+3$Q9&,M835A8RUC
M-#8T,S(X.3DT-C(G"B`@>&UL;G,Z>&%P34T])VAT='`Z+R]N<RYA9&]B92YC
M;VTO>&%P+S$N,"]M;2\G/@H@(#QX87!-33I$;V-U;65N=$E$/F%D;V)E.F1O
M8VED.G!H;W1O<VAO<#HT930W8V4V."TU9#4P+3$Q9&,M835A8RUC-#8T,S(X
M.3DT-C(\+WAA<$U-.D1O8W5M96YT240^"B`\+W)D9CI$97-C<FEP=&EO;CX*
M"CPO<F1F.E)$1CX*/"]X.GAA<&UE=&$^"B`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@(`H\/WAP86-K970@96YD/2=W)S\^
M_^X`#D%D;V)E`&2``````?_;`(0`#`@("`D(#`D)#!$+"@L1%0\,#`\5&!,3
M%1,3&!$,#`P,#`P1#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`$-"PL-
M#@T0#@X0%`X.#A04#@X.#A01#`P,#`P1$0P,#`P,#!$,#`P,#`P,#`P,#`P,
M#`P,#`P,#`P,#`P,#`P,_\``$0@`N`+0`P$B``(1`0,1`?_=``0`+?_$`3\`
M``$%`0$!`0$!``````````,``0($!08'"`D*"P$``04!`0$!`0$`````````
M`0`"`P0%!@<("0H+$``!!`$#`@0"!0<&"`4###,!``(1`P0A$C$%05%A$R)Q
M@3(&%)&AL4(C)!52P6(S-'*"T4,')9)3\.'Q8W,U%J*R@R9$DU1D1<*C=#87
MTE7B9?*SA,/3=>/S1B>4I(6TE<34Y/2EM<75Y?569G:&EJ:VQM;F]C='5V=W
MAY>GM\?7Y_<1``("`0($!`,$!08'!P8%-0$``A$#(3$2!$%187$B$P4R@9$4
MH;%"(\%2T?`S)&+A<H*20U,58W,T\24&%J*R@P<F-<+21)-4HQ=D154V=&7B
M\K.$P]-UX_-&E*2%M)7$U.3TI;7%U>7U5F9VAI:FML;6YO8G-T=79W>'EZ>W
MQ__:``P#`0`"$0,1`#\`]33KSGZS_7KZQ]%ZU?T\4XSJ60^BQ]5@+F/&]G_:
MC8_T_=3997^CLMJ?_-?S=>5_XZWUD_T&'_VW;_[T)P@2+9X\KEE$2`^9];3=
MEC?5;KCNN=%IZ@\,;<2YE]=;MP:]A+?Z[/49MN]-_OKKM9]/^<?L>(0(HTP2
M!B2#\T5^4\KA?KC]?;^C]0;T_IC*[+ZF[LOUFN(&X-?0RMS+*_?L=OL_G&?S
M/_"^GS__`(ZOUDX]##_[;M_]Z$1"1%LT.5S2B)"/S/K*2\^Z5]?^K/Z9F=8Z
MG3C#!QOT-#*BZNVW).Q[:6>K99[/2=OM_1^I7_.5?:-EGIY-O^-7KY>YU6-B
MMK))8U[;'$-)]K7/;=7O]GY_IU_\4D($JCRN61(`^5]83+S+I'^-#J=O4:*.
MHT8S<>Y[*W6,+J?3WN:UUSWVNO8]C&.W[/T?_&,7IDH&)&ZS)BGC($OTEPG0
M;KJZ:GW6N#*V`N>]QAK0/I.<YWT6[5Y7_P".K]9.?0P_\RW_`-Z$A$G9./#/
M)?`/E?64I7F71_\`&-]8^H=6Q,$X^,YN1;6RSTZ[2X,+AZ]G\\_;LIWOWOK]
M.O\`G+/T:],'$PD8D;HR8IXR!)>$I3KC?KU];\WZOVXE'3Q199<+'W5W!SG-
M`V>B[:RRO:U[C;]/Z?I?H_H/2`)-!$(2G(1B]DE*\E_\=;ZR?Z##_P"V[?\`
MWH7H7U8ZGF]5Z)C9^=6*K[PYQ8UKFMV[G-J<UMOO]].U_P#PG\Y5^C]-$P(&
MJ[+@R8Q<G8E)8'UOZ^_H'1GYE.PY)>RO'98USF.>X[G-=Z6S_`LM?_.,_P#1
M=G"?^.K]9?\`08?^9;_[T)")(L)Q<OER"XQ?6>Z2X7#^NO5;_J;G]<?7CC+Q
M+Q36QK7^F03C-.]KK-^[]9?]"RO_`-*8'_CJ?63Z/H8?^9;_`.]"0@2F/*Y9
M70^67`^M)NRY'ZB?6OJ/UB.:,YE-?V05;/1:]L^IZN[=OLL_T;?377($4:8Y
MP,)&,OFBR22206J22224I))))2DDDDE*22224I))))2DDDDE*22224I))))2
MDDDDE*22224I))))2DDDDE*22224I))))2DDDDE*22224I))))2DDDDE*222
M24I))))2DDDDE*22224I))))2DDDDE*22224I))))2DDDDE*22224I))))2D
MDDDE*22224I))))3_]"[_C8Z8`,+JK0)!.+:XD[B#NOQFM;]#8S;D^H_^<?Z
MOI_I/\'YPO=?K3TQW5>@YN$T$V65DU-:0";&%MM#=S_9L?;6WU/H>S_"5_SB
M\*4V,V*=/D9W#A_=?0_\5'4W"W-Z2XG:X#)J``V@MVT9+G.^GNLW8WIL_F_T
M7^#_`,)T_P!=/K(WH/2GOK,YF3->,`6R'1_2-K_I54?X3]&_])Z-=GZ.SU%Y
M/T#JAZ/UK%Z@&[Q0\^HT"26/#JK=ON8S?Z5CO3]_\XEU[K.3USJEO4,D;39#
M:J@XN;6QH;LK;N_S['L]/U+-]GIU^IZ:1A<K6SY7CS\7Z/\`ZD:%EEECW76.
M-EEA+GN<2YQ<3N<YSG?2>_\`?5WHO2,GK/4:<#&:2ZQP]6P-D5URWU<A_NK]
ME?[C_P"<L_1U_I;%1!`^?^O_`%2ZKJ)9]6>@_L2HC]K]3`?U8ML)--;?=C8C
M?2V,WO9;^E_26>I^D_G,6_'],D]`V,DJ$81^:7_C?^L<SZQ]4HS+J,'`C]E=
M-9Z.%+`QSMP;Z^1;M][[;[F[[/T=?_%5V^HL?5(+?^K7U3R>OTYM]4MKQ:W"
MH#3U<@L<ZBEEC_8QC'[?M.^S^;_T?J>I6=(A/HPPL_*X"]N^IG5?VI]7,/(<
M_==6ST;R7>H[?4?2<ZUWTVVWL#+]EGO_`$O^$_G%XCV7>_XK.L/JS+^C/<T5
M7`WT@D-/J,VLMK:W_"ONJVV?SGZ/[._]'_.6)N07%AYW'Q8^(?H^MZG_`!@=
M0.#]5\F+?3MRMN/6-N[=O/Z6OZ/LWXS+_?[/3_P7Z7TUXR"N_P#\;&<796%T
M\%X%3'7VMUV'>?3J=MW>Y]?I7_3_`)NNW]'_`(39P'9+&*BKDH<.*_WO6]G_
M`(KNGC)Z]9F.KEF'4=MDQMMM]E7MW>_?C_:?\'Z?_@:]8`T7&?XL,#[/]779
M1#!9FW/>U[?I[&?H&UVNV_F75WOK^FS]+ZG^$LK7:2HYFY-'FI\661_=]"Z\
M6^OO4QU#ZSY&S::\0#%8X`M)->YU^[?^=7DVWLWL_1_^?+/8<O)JQ<6W*O=M
MIH8ZRUVIAC07N=[?I>UJ^?\`)R+LJ^S*O=NNO>ZRU\`2YQW.=L9[&_U$<8UM
MFY&%S,_W47(7K^!]>/J=A85&'7GEU>-6RIA=5:26L&QNYS*-CW>W\Q>0_#_7
M][_R:C(4DH@[MS/@AEX1.7RO7_XP/K1C=;R<;'Z=?ZN!2PO/M>P&UQ<WW-M]
M/?Z=3?T;_3_1^J_])^D?Z?()^"8^?W_^35GI^)]MS\7"#A7]JNKI%A$[38YM
M6[;N9NV;M^SU/TB(``3",<4*'RQ>H^LA.#]2/J]TS^=^T[LSU?HQ(]5M;6?I
M-W_*&S?ZG^"_F_TGZ/CCRNJ_QE91R/K395MVC$JKHF9W2/M6[Z/M_I.S9^D_
MTG^$7*G^'^O_`$D([(Y<5BL_I?K'UW_%EB_9_JPV[?N.7=9=MB-FT_9=O\O^
MC;]_L_T?^#77]U3Z7A'`Z;BX(=O^RTUT[XV[MC6U;MOOV_15U0R-FW)R2XIF
M7[RZ222"U22222E))))*4DDDDI22222E))))*4DDDDI22222E))))*4DDDDI
M22222E))))*4DDDDI22222E))))*4DDDDI22222E))))*4DDDDI22222E)))
M)*4DDDDI22222E))))*4DDDDI22222E))))*4DDDDI22222E))))*4DDDDI2
M2222E))))*?_T?4R`1"\,^MW2OV7]8LS%#=M3WFZB&>FWT[/TK6U-^ALH>YU
M&^O]'^B_P?\`-U^YZ+DOK;]1V?6+-JS1F.QK:J_3>WTQ8TM!<^O:WU*W,=^E
ML]3^<]3V;/3V?I'0E1U9^5S#'D]7RR?($EZ+_P"-"[_RV_\`9?\`]^4]?^*-
M@L:;>J%U0(+V,HVN+1])K7.NLVN_E^F__BU+QQ;_`-]P=W$^JV+C=+P+OK9U
M*MMM6.[T^G8S@0ZR^6[;JW/V,>RO])[ZZ\C_``V3Z?JXBYS,S,K.RK<K+L-N
M1<XNLL=$D_U6_1:QK6LKK_FZZ_T:]2^L/U"LZP_&J9GC%P<"L58F.*386-AC
M7;[W7L?;_-5_3_P;/])ZEMF3_P"-$Z8_:NG_`(7_`/?E-$H[EAQ\SB!E.9]4
MOY>V^=Z'NNKZ+_C!ZIT?#Q\"C%QG8F/`+8L]1PW;[7>JZZQC'V.<_P#P?IUV
M?X+T_P!&MK_QGW?^6W_LO_[\)_\`QH'?^6W_`++_`/OPD90.Z_)S'+3%2]7^
M.\A]:<!F#US*91M.+>X9&*ZMNVHU7#U6>ALWL?37N=3OK_1V>E^C_P!'6#HG
M47=)ZOB=0#B!CV!UA:`2:S^BOK8U_P">^ESF5_S?I_\`!KT/J?\`BY_:&'TZ
MJSJ$9&!4<=^2:?YRL._5J_29=775Z#'.9O\`TEEG^%5#_P`:)T?\JZ^'V?\`
M]^41*)%%;#FL1Q\,S_4>2^M6>SJ/UCS\JN#6;/3K<UV]I;4UM#+&V?G,O]+U
MO_1EG\XLA>BC_%"[_P`M?_9?_P!^4O\`QH'?^6O_`++_`/ORD)1&B^'-8(QC
M$'Y7'PO\9/7L'#HPZ:<5U6-6RJLN987$,&SW.;?LW>W\Q&_\=;ZQ_P#<?#_[
M;M_]Z%I?^-`?_+8?^PW_`+\)?^,^[_RV_P#9?_WY0O&Q<7)G^4T6?]<,WJGU
M$S,C,:VK(R<L8-9QPYC=NVK*L]7?8]^RRIM]-FSZ?\WZ?\Y8O/Y$0O5LW_%]
M;E=#Z?TAO4G5LZ>;7/<*Y;8ZU_J,<ZKU_8^C<YE?OL6;_P"-"[MU6?\`T'_]
M^$HF(3@SX<8D`>'BE)N?XL>BT,Z2>JVX[/M-US_LV0X!SA4P>E^CU_1?IOM+
M+/YNRRO_`*VNTRLFC$QK<N\AM-#'66NU,,:"YSO;]+VM0.D=.KZ9TS&Z?7!&
M+6*RYK=@<X#WV[6_G6/]]G_"*'7^EV=6Z3D=.KR#BNR&AOK-!<0):Y[=NZO>
MRQC?3L9O]]:83<K+3G/CR$GY92_\;?#,W)LS,V[+M`%E]C[7M:"&ASSN]N[W
M_G?GKI/\6^(+_K37;OV_9*;+HB=VX?9?3_D_TG?_`(3^:]/_``BV?_&@=_Y:
M_P#LO_[\K9Z']0OV3T[JN#]M];]JT^CO]+9Z?MNJW;?4L]7^?_X/_II\I1(H
M-W+S6(XC"/Z3Y7U'*&?GY6;MV#*NLNV3NC>YUNW=[-WTEH_4_$^U_6?IU(=L
MVW"[=$SZ(=E;=NYG\YZ6S?\`]<_,75?^-"[C]JZ?^%__`'Y6S]4_J*?J[U-^
M:<W[5OI=3L]+TXW.KMW;O4L_T?T$C*-4%3YK%[1C#YN%[``)TDE$YRDDDDE*
M22224I))))2DDDDE*22224I))))2DDDDE*22224I))))2DDDDE*22224I)))
M)2DDDDE*22224I))))2DDDDE*22224I))))2DDDDE*22224I))))2DDDDE*2
M2224I))))2DDDDE*22224I))))2DDDDE*22224I))))2DDDDE*22224I))))
M3__2W?\`QV?J_P#]QLS_`#*__>A+_P`=GZO_`/<7,_S*_P#WH6E_XW7U0_[@
M?^#7?^EDO_&Z^J'_`'`_\&N_]+)_H;%\KVFYO_CL_5__`+C9G^97_P"ETO\`
MQV/J]_W&R_\`,K_]Z%I?^-U]4/\`N!_X-=_Z62_\;KZH?]P/_!KO_2R'H5?+
M=IN;_P".S]7_`/N-F?YE?_O0E_X[/U?_`.XV9_F5_P#O0M+_`,;KZH?]P/\`
MP:[_`-+)?^-U]4/^X'_@UW_I9'T*OE>TW-_\=GZO_P#<;,_S*_\`TNE_X[/U
M?_[BYG^97_[T+2_\;KZH?]P/_!KO_2R7_C=?5#_N!_X-=_Z60]"KY;M-S?\`
MQV?J_P#]Q<S_`#*__>A+_P`=GZO_`/<;,_S*_P#WH6E_XW7U0_[@?^#7?^ED
MO_&Z^J'_`'`_\&N_]+(^A5\KVFYO_CL_5_\`[C9G^97_`.ETO_'9^K__`'%S
M/\RO_P!Z%I?^-U]4/^X'_@UW_I9+_P`;KZH?]P/_``:[_P!+)>A5\MVFYO\`
MX[/U?_[C9G^97_Z72_\`'9^K_P#W%S/\RO\`]+K2_P#&Z^J'_<#_`,&N_P#2
MZ7_C=?5#_N!_X-=_Z72]"KY7M-S?_'9^K_\`W&S/\RO_`-Z$O_'9^K__`'%S
M/\RO_P!Z%I?^-U]4/^X'_@UW_I9+_P`;KZH?]P/_``:[_P!+)>A5\KVFYO\`
MX[/U?_[C9G^97_[T)?\`CL_5_P#[C9G^97_Z76E_XW7U0_[@?^#7?^EDO_&Z
M^J'_`'`_\&N_]+)>A5\MVFYO_CL_5_\`[BYG^97_`.]"7_CL_5__`+BYG^97
M_P"]"TO_`!NOJA_W`_\`!KO_`$LE_P"-U]4/^X'_`(-=_P"ED/0J^5[3<W_Q
MV?J__P!Q<S_,K_\`>A+_`,=GZO\`_<;,_P`RO_WH6E_XW7U0_P"X'_@UW_I9
M+_QNOJA_W`_\&N_]+(^A5\KVFYW_`([/U?\`^XV9_F5_^]"7_CL_5_\`[C9G
M^97_`.]"T?\`QNOJA_W`_P#!KO\`TLE_XW7U0_[@?^#7?^EDO2J^6[3<[_QV
M?J__`-QLS_,K_P#>A+_QV?J__P!QLS_,K_\`>A:/_C=?5#_N!_X-=_Z62_\`
M&Z^J'_<#_P`&N_\`2R7I5?+=IN=_X[/U?_[C9G^97_[T)?\`CL_5_P#[C9G^
M97_[T+1_\;KZH?\`<#_P:[_TLE_XW7U0_P"X'_@UW_I9+TJOENTW._\`'9^K
M_P#W&S/\RO\`]Z$O_'9^K_\`W&S/\RO_`-Z%H_\`C=?5#_N!_P"#7?\`I9+_
M`,;KZH?]P/\`P:[_`-+)>E5\MVFYW_CL_5__`+C9G^97_P"]"7_CL_5__N-F
M?YE?_O0M'_QNOJA_W`_\&N_]+)?^-U]4/^X'_@UW_I9+TJOENTW._P#'9^K_
M`/W&S/\`,K_]Z$O_`!V?J_\`]QLS_,K_`/>A:/\`XW7U0_[@?^#7?^EDO_&Z
M^J'_`'`_\&N_]+)>E5\MVFYW_CL_5_\`[C9G^97_`.]"7_CL_5__`+C9G^97
M_P"]"T?_`!NOJA_W`_\`!KO_`$LE_P"-U]4/^X'_`(-=_P"EDO2J^6[3<[_Q
MV?J__P!QLS_,K_\`>A+_`,=GZO\`_<;,_P`RO_WH6C_XW7U0_P"X'_@UW_I9
M+_QNOJA_W`_\&N_]+)>E5\MVFYW_`([/U?\`^XV9_F5_^]"7_CL_5_\`[C9G
M^97_`.]"T?\`QNOJA_W`_P#!KO\`TLE_XW7U0_[@?^#7?^EDO2J^6[3<[_QV
M?J__`-QLS_,K_P#>A+_QV?J__P!QLS_,K_\`>A:/_C=?5#_N!_X-=_Z62_\`
M&Z^J'_<#_P`&N_\`2R7I5?+=IN=_X[/U?_[C9G^97_[T)?\`CL_5_P#[C9G^
M97_[T+1_\;KZH?\`<#_P:[_TLE_XW7U0_P"X'_@UW_I9+TJOENTW._\`'9^K
M_P#W&S/\RO\`]Z$O_'9^K_\`W&S/\RO_`-Z%H_\`C=?5#_N!_P"#7?\`I9+_
M`,;KZH?]P/\`P:[_`-+)>E5\MVFYW_CL_5__`+C9G^97_P"]"7_CL_5__N-F
M?YE?_O0M'_QNOJA_W`_\&N_]+)?^-U]4/^X'_@UW_I9+TJOENTW._P#'9^K_
M`/W&S/\`,K_]Z$O_`!V?J_\`]QLS_,K_`/>A:/\`XW7U0_[@?^#7?^EDO_&Z
M^J'_`'`_\&N_]+)>E5\MVFYW_CL_5_\`[C9G^97_`.]"7_CL_5__`+C9G^97
M_P"]"T?_`!NOJA_W`_\`!KO_`$LE_P"-U]4/^X'_`(-=_P"EDO2J^6[3<[_Q
MV?J__P!QLS_,K_\`>A+_`,=GZO\`_<;,_P`RO_WH6C_XW7U0_P"X'_@UW_I9
M+_QNOJA_W`_\&N_]+)>E5\MVFYW_`([/U?\`^XV9_F5_^]"7_CL_5_\`[C9G
M^97_`.]"T?\`QNOJA_W`_P#!KO\`TLE_XW7U0_[@?^#7?^EDO2J^6[3<[_QV
M?J__`-QLS_,K_P#>A+_QV?J__P!QLS_,K_\`>A:/_C=?5#_N!_X-=_Z62_\`
M&Z^J'_<#_P`&N_\`2R7I5?+=IN=_X[/U?_[C9G^97_[T)?\`CL_5_P#[C9G^
M97_[T+1_\;KZH?\`<#_P:[_TLE_XW7U0_P"X'_@UW_I9+TJOENTW._\`'9^K
M_P#W&S/\RO\`]Z$O_'9^K_\`W&S/\RO_`-Z%H_\`C=?5#_N!_P"#7?\`I9+_
M`,;KZH?]P/\`P:[_`-+)>E5\MVFYW_CL_5__`+C9G^97_P"]"7_CL_5__N-F
M?YE?_O0M'_QNOJA_W`_\&N_]+)?^-U]4/^X'_@UW_I9+TJOENTW._P#'9^K_
M`/W&S/\`,K_]Z$O_`!V?J_\`]QLS_,K_`/>A:/\`XW7U0_[@?^#7?^EDO_&Z
M^J'_`'`_\&N_]+)>E5\MVFYW_CL_5_\`[C9G^97_`.]"7_CL_5__`+C9G^97
M_P"]"T?_`!NOJA_W`_\`!KO_`$LE_P"-U]4/^X'_`(-=_P"EDO2J^6[3<[_Q
MV?J__P!QLS_,K_\`>A+_`,=GZO\`_<;,_P`RO_WH6C_XW7U0_P"X'_@UW_I9
M+_QNOJA_W`_\&N_]+)>E5\MVFYW_`([/U?\`^XV9_F5_^]"7_CL_5_\`[C9G
M^97_`.]"T?\`QNOJA_W`_P#!KO\`TLE_XW7U0_[@?^#7?^EDO2J^6[3<[_QV
M?J__`-QLS_,K_P#>A+_QV?J__P!QLS_,K_\`>A:/_C=?5#_N!_X-=_Z62_\`
M&Z^J'_<#_P`&N_\`2R7I5?+=IN=_X[/U?_[C9G^97_[T)?\`CL_5_P#[C9G^
M97_[T+1_\;KZH?\`<#_P:[_TLE_XW7U0_P"X'_@UW_I9+TJOENTW._\`'9^K
M_P#W&S/\RO\`]Z$O_'9^K_\`W&S/\RO_`-Z%H_\`C=?5#_N!_P"#7?\`I9+_
M`,;KZH?]P/\`P:[_`-+)>E5\MVFYW_CL_5__`+C9G^97_P"]"7_CL_5__N-F
M?YE?_O0M'_QNOJA_W`_\&N_]+)?^-U]4/^X'_@UW_I9+TJOENTW._P#'9^K_
M`/W&S/\`,K_]Z$O_`!V?J_\`]QLS_,K_`/>A:/\`XW7U0_[@?^#7?^EDO_&Z
M^J'_`'`_\&N_]+)>E5\MVFYW_CL_5_\`[C9G^97_`.]"7_CL_5__`+C9G^97
M_P"]"T?_`!NOJA_W`_\`!KO_`$LE_P"-U]4/^X'_`(-=_P"EDO2J^6[3<[_Q
MV?J__P!QLS_,K_\`>A+_`,=GZO\`_<;,_P`RO_WH6C_XW7U0_P"X'_@UW_I9
M+_QNOJA_W`_\&N_]+)>E5\MVFG^K?UMP/K&<C[%5=5]F]/?ZP:)]3?LV^E9?
M_HOS_36\LKHWU=Z1T/U?V91Z'K[?5][WSLW;/YUUFWZ;OH+5E--7HP2X.(\'
MRKI))((?_]/U1).DDI9).DDI9).DDI9).DDI9).DDI9).DDI9).DDI9).DDI
M9).DDI9).DDI9).DDI9).DDI9).DDI9).DDI9).DDI\YZMF_7&OZ\X_U>Q^N
M^C1U%EF32[[)2[T6?K-M>/M>W?D>FS$;7ZS[*W_\&KGU1^L76[/K-U3ZL=6R
MJNINPFNMJSZ6MKT8:JG8UE6.W9O_`$_Z5GT\;(9?5ZN1^C]/FOKAU3ZJ]1_Q
MAXG[4L]7I>)0_%ZA[;F[;:G9OZ/]`WUW;,AU'OH]2O\`X3T_47I/1?J[T;H%
M=E/2L5N,V]P=807/<X@;6[K;G67;&-_FZ_YNO])_I+$E/']6S?KC7]><?ZO8
M_7?1HZBRS)I=]DI=Z+/UFVO'VO;OR/39B-K]9]E;_P#@U+)ZY]:?JW]:NE=-
MZCU2KK6+U9S:75&JO&MJ+[*Z&9&S';NV>YOI;[/3R/UJKTZ_3KR%B?7#JGU5
MZC_C#Q/VI9ZO2\2A^+U#VW-VVU.S?T?Z!OKNV9#J/?1ZE?\`PGI^HI?5^K"_
MQ>?66_'^L=#7493=W3>L"LO#!6+&V>FUK;+ZG7LO]/)93^DKL]']'9BWUY"2
MGH?\9O5?K'T+%HZKTOJ7V:BRQF,[$]&I\O(OO^T_:+6V/^A4RGT?3]/_``GJ
M*KFYGUTZ=U';C=9?UYO3+Z/VU@T8-=5[:;MMM7H,VO9E>I2VS^8M9;C_`,Y9
M^C]2R@7^.?JF">EXO2/5_7_7KR_1VN_F=F31ZGJ;?1_GO9L]3U/^#6?C?6#Z
MJ_5QO5G?4^^S,R^K^A3T_`JINFFQK;*FW>KFML^U?IK?6KH]-]EEFRGT_2_2
MUI3V/^,/ZQYOU<Z!]KPF@Y.1:W'KL=J*R]MECKO2^A:YC:MM;'_H_4_26^IL
M]*S*Z/F_6R_J>%DX'7L;ZS=)<:_M]-;:,:ZIEPL;Z]].Q]E;,?:V[T_5KR;;
M&?9_L_\`.6+4^O/4<SI/U;9EOP\;JM-=M(ZG1<R*G5./OLJKM=9L?]K]#TM_
MVSTO5]2RNST_47`]3_YLY.=T_/\`\7[KZ/K#=>QPP*FO8Q@>VVR^QS;:_LS-
MCG-IM93D?LYF-ZGZ/[-ZEB2GO_\`&']8\WZN=`^UX30<G(M;CUV.U%9>VRQU
MWI?0M<QM6VMC_P!'ZGZ2WU-GI6971\WZV7]3PLG`Z]C?6;I+C7]OIK;1C75,
MN%C?7OIV/LK9C[6W>GZM>3;8S[/]G_G+%K_7[J=_2N@G,&#1U+%KOJ&?CY(#
MF&ASOI-:_P!GK?:/094_T\CT_P"=LJL]->?=3_YLY.=T_/\`\7[KZ/K#=>QP
MP*FO8Q@>VVR^QS;:_LS-CG-IM93D?LYF-ZGZ/[-ZEB2GVA<I_C"R^N=-Z&_J
M_2>H?8AA1ZU/HUV^MZME%%7Z3(;9]G]#>]_LK?ZBZQ<1_C6ZI@8OU5OZ??9L
MR\_9]EK+7'?Z-V/;?[VMV,V,=_A+&?\`!)*:&0[Z\4?51OUC_P"<U8G$KR_L
M]N)CUM][66_9VY/Z3]-^D]''_0?I;=E?Z/U%T'1NI]4^L_U0HS\6YO2NH9;?
MYYC!<UCJK35:]E&1[',O;0_TV6/_`$?J_P`Y997ZB\TL^KW3G=)Z7]:^A8XZ
MAA].;0WKN"0^3?2*\C,L?]H;8Q^/8RST<GT:_3QZ_P!8].VK[1Z7IW3OK=]6
M;/JX>L8]OH=+PRRFQOI.;Z#OT3:\;T*J_P#!^O17^@]2K_166?324\5T#KWU
MPZOT;]HV_6485M^9^SL.A^%58VS(?6RW'8ZZJO?0RQ[]GJ>@^NO9ZG_!KM_J
M;E]9RNC!O7J[:^J8]MM&2ZYC:Q86NWLLH]']#;3Z+ZZ?7K_1V6U6?SG\Y9Y/
M]4#]3JL7%R^JYOV#JV'U*O):[TK[M^-4*[6X^VC]`SU,G=^F]]M?^C7JGU.Z
M]F?6''SNJO:ZG`LR2SIM5C-M@J8RMKK'7-]EK++M[MGIV?9[?6J^TY%7I^DE
M//=)S?KC;]>;_J[D==]:GIU=>3<_[)0WUF?JSWX^UG]']1F7Z?KLLLL9_HUW
MN77?;BW58UOV>]['MJOVA_IO(/I7>D_V6^F_W['_`,XO+NF_7+ZN4?XR.J]<
MMR]G3LG%;53=Z=IW/#<-NWTO3]9O\Q;].MG_`*4Z_P"K'UHLZGT[J7U@S=V-
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M@ZGTCIU%/1K`SJ>4;'LEH<11C5ORLZZKU?T&^MC*O99_.5V_HJ[+?YO4^J75
MW=9^K73^I6%SK+J0V][P&EUM9=1DV;:_8QK[JK'U[-GZ/_!U_P`VN(R^K8?U
ML^L>?EX'5FX6)TCI[C6^W$^ULLH<'.ZKDLQ<MK&8[F,LHP[F>G9D9>/_`#?Z
M']&G_P`5'7NE8EF9]6F7^J^S+?;@7['M^T,V?I'>EM_5=E.&R[]/9_A?3_P:
M2F[U[ZV]0?\`7*SZO5=6J^KN+B5!WVRRMEPNM>RK(V6.RO3KQV>B]WI_I*_T
MC/YVVR_'KKW_`*GV?6@X^17]8;:LV7,MPNHT/K-5U5C&NVT,QZZ'[*'MW>O9
M7^E]?]%^BKKL7/?6CK70:_K3D='^N/3:#T^VBI^#U)K";PP;GN;;9CNLRF56
M9;<FNOT/2LK_`,+595D69%8?\6E`HZ]U6KH=^1E?51E;?2NO$!V46T;MN^O'
M_2UL^T,M].MGZ/[-ZV_]6>DI-U;-^N-?UYQ_J]C]=]&CJ++,FEWV2EWHL_6;
M:\?:]N_(]-F(VOUGV5O_`.#5KZK=5^L]G6L=^3G6==^K_4:+?L?4*L5M#&75
M._2?;:VUUW8NST;Z*O4WUY'J4^E_A/0YSZX=4^JO4?\`&'B?M2SU>EXE#\7J
M'MN;MMJ=F_H_T#?7=LR'4>^CU*_^$]/U%K?5/K^-59T3ZI?5O*=U"K'==?U'
MJ!QW,K]&<B[[/Z%OZ2I]EU]3697JLKJL^S?TCU[,9)3Z0DG224LDG224LDG2
M24LDG224LDG224LDG224LDG224LDG224LDG224LDG224LDG224LDG224LDG2
M24LDG224LDG224LDG224I))))3__U/4TEQ7_`([/U?\`^XV9_F5_^]"7_CL_
M5_\`[C9G^97_`.]"/">S+]WS?N3^Q[5)<5_X[/U?_P"XV9_F5_\`O0E_X[/U
M?_[C9G^97_[T)<)[*^[YOW)_8]JDN*_\=GZO_P#<;,_S*_\`WH2_\=GZO_\`
M<;,_S*__`'H2X3V5]WS?N3^Q[5)<5_X[/U?_`.XV9_F5_P#O0E_X[/U?_P"X
MV9_F5_\`O0EPGLK[OF_<G]CVJ2XK_P`=GZO_`/<;,_S*_P#WH2_\=GZO_P#<
M;,_S*_\`WH2X3V5]WS?N3^Q[5)<5_P".S]7_`/N-F?YE?_O0E_X[/U?_`.XV
M9_F5_P#O0EPGLK[OF_<G]CVJ2XK_`,=GZO\`_<;,_P`RO_WH2_\`'9^K_P#W
M&S/\RO\`]Z$N$]E?=\W[D_L>U27%?^.S]7_^XV9_F5_^]"7_`([/U?\`^XV9
M_F5_^]"7">RON^;]R?V/:I+BO_'9^K__`'&S/\RO_P!Z$O\`QV?J_P#]QLS_
M`#*__>A+A/97W?-^Y/['M4EQ7_CL_5__`+C9G^97_P"]"7_CL_5__N-F?YE?
M_O0EPGLK[OF_<G]CVJ2XK_QV?J__`-QLS_,K_P#>A+_QV?J__P!QLS_,K_\`
M>A+A/97W?-^Y/['M4EQ7_CL_5_\`[C9G^97_`.]"7_CL_5__`+C9G^97_P"]
M"7">RON^;]R?V/:I+BO_`!V?J_\`]QLS_,K_`/>A+_QV?J__`-QLS_,K_P#>
MA+A/97W?-^Y/['M4EQ7_`([/U?\`^XV9_F5_^]"7_CL_5_\`[C9G^97_`.]"
M7">RON^;]R?V/:I+BO\`QV?J_P#]QLS_`#*__>A+_P`=GZO_`/<;,_S*_P#W
MH2X3V5]WS?N3^Q[6`4EQ7_CL_5__`+C9G^97_P"]"7_CL_5__N-F?YE?_O0E
MPGLK[OF_<F]K`*2XK_QV?J__`-QLS_,K_P#>A+_QV?J__P!QLS_,K_\`>A+A
M/97W?-^Y-[6`DN*_\=GZO_\`<;,_S*__`'H2_P#'9^K_`/W&S/\`,K_]Z$N$
M]E?=\W[DWM4H"XK_`,=GZO\`_<;,_P`RO_WH2_\`'9^K_P#W&S/\RO\`]Z$N
M$]E?=\W[DWM8"4!<5_X[/U?_`.XV9_F5_P#O0E_X[/U?_P"XV9_F5_\`O0EP
MGLK[OF_<F]JDN*_\=GZO_P#<;,_S*_\`WH2_\=GZO_\`<;,_S*__`'H2X3V5
M]WS?N3^Q[5)<5_X[/U?_`.XV9_F5_P#O0E_X[/U?_P"XV9_F5_\`O0EPGLK[
MOF_<G]CVL`I+BO\`QV?J_P#]QLS_`#*__>A+_P`=GZO_`/<;,_S*_P#WH2X3
MV5]WS?N3>U2@+BO_`!V?J_\`]QLS_,K_`/>A+_QV?J__`-QLS_,K_P#>A+A/
M97W?-^Y-[6`DN*_\=GZO_P#<;,_S*_\`WH2_\=GZO_\`<;,_S*__`'H2X3V5
M]WS?N3>U@)+BO_'9^K__`'&S/\RO_P!Z$O\`QV?J_P#]QLS_`#*__>A+A/97
MW?-^Y-[5)<5_X[/U?_[C9G^97_[T)?\`CL_5_P#[C9G^97_[T)<)[*^[YOW)
M_8]K`*2XK_QV?J__`-QLS_,K_P#>A+_QV?J__P!QLS_,K_\`>A+A/97W?-^Y
M-[5)<5_X[/U?_P"XV9_F5_\`O0E_X[/U?_[C9G^97_[T)<)[*^[YOW)_8]JD
MN*_\=GZO_P#<;,_S*_\`WH2_\=GZO_\`<;,_S*__`'H2X3V5]WS?N3^Q[5)<
M5_X[/U?_`.XV9_F5_P#O0E_X[/U?_P"XV9_F5_\`O0EPGLK[OF_<G]CVJ2XK
M_P`=GZO_`/<;,_S*_P#WH2_\=GZO_P#<;,_S*_\`WH2X3V5]WS?N3^Q[5)<5
M_P".S]7_`/N-F?YE?_O0E_X[/U?_`.XV9_F5_P#O0EPGLK[OF_<G]CVJ2XK_
M`,=GZO\`_<;,_P`RO_WH2_\`'9^K_P#W&S/\RO\`]Z$N$]E?=\W[D_L>U27%
M?^.S]7_^XV9_F5_^]"7_`([/U?\`^XV9_F5_^]"7">RON^;]R?V/:I+BO_'9
M^K__`'&S/\RO_P!Z$O\`QV?J_P#]QLS_`#*__>A+A/97W?-^Y/['M4EQ7_CL
M_5__`+C9G^97_P"]"7_CL_5__N-F?YE?_O0EPGLK[OF_<G]CVJ2XK_QV?J__
M`-QLS_,K_P#>A+_QV?J__P!QLS_,K_\`>A+A/97W?-^Y/['M4EQ7_CL_5_\`
M[C9G^97_`.]"7_CL_5__`+C9G^97_P"]"7">RON^;]R?V/:I+BO_`!V?J_\`
M]QLS_,K_`/>A+_QV?J__`-QLS_,K_P#>A+A/97W?-^Y/['M4EQ7_`([/U?\`
M^XV9_F5_^]"7_CL_5_\`[C9G^97_`.]"7">RON^;]R?V/:I+BO\`QV?J_P#]
MQLS_`#*__>A+_P`=GZO_`/<;,_S*_P#WH2X3V5]WS?N3^Q[5)<5_X[/U?_[C
M9G^97_[T)?\`CL_5_P#[C9G^97_[T)<)[*^[YOW)_8]J$ZP?JU];L#ZQG(&'
M5=5]F]/?ZP:)]3?MV^E9=_HG?3V+>E(@@T6.491-2^9=)))!#__5Z_\`\;KZ
MH?\`<#_P:[_TLE_XW7U0_P"X'_@UW_I9=)"4(V5_NY/WY/-_^-U]4/\`N!_X
M-=_Z62_\;KZH?]P/_!KO_2RZ1<S]:.O]0Z7U7I.#A^FUG4OM/JV/Q[LM[?19
M7:STL7"LKNMWN?MLV;_39^D_FV/2XI*]W)^_)E_XW7U0_P"X'_@UW_I9+_QN
MOJA_W`_\&N_]+*74^O9N/9TCIN&&/ZEUG<67W5OKI8REC<K,LLPWV,RFW/J=
MMQ\*R^O99_2<FOT_TF=F?7//I^J'4^JMHJ;U3H^3]AR6'<_'=<RVBB^RCW5W
MNQ[&7[ZO4].RM_Z.SU/3]2Q7)7NY/WY-_P#\;KZH?]P/_!KO_2R7_C=?5#_N
M!_X-=_Z64_JUU[*ZIE]3QK'49=&#92VCJ.("VB[U:VVVU-:Z[+9ZN(_V6[,N
MS^=I_15_X2O];OK-G]$RL.K$94]N3C=0O?ZH<2'8>/\`:J&MV65^U]OMMW_F
M?S?IV)7)7NY/WY)?_&Z^J'_<#_P:[_TLE_XW7U0_[@?^#7?^EES&7_C.ZQ5]
M6<7.KP6CJ;[7C*:^FS[.RE@HM9>W]-ZS&7LZETSTK+/T=GJV?]U_4ULKZ]96
M!];NH]+S,;?TO"H-C+J&$V"P8_[3]*^Q]WH-]3'HS?29Z==ECZO]'ZMB5R5[
MN3]^3H_^-U]4/^X'_@UW_I9+_P`;KZH?]P/_``:[_P!++#QOKWUUWU*ZKUW)
MQ::>I=.RAC#'=78Q@]V*RQM];[O6;:S[3:S^=K_J?SBU.K_6/JG3?JGG=986
M9&7BV5MK%V'D8;(>^BIS78V9=]I?[;7O]=EWI?X/_!V)<15[N3]^38_\;KZH
M?]P/_!KO_2R7_C=?5#_N!_X-=_Z61NA]8S\KJ_5^D9WHV6]*=CQD4L=4U[<F
MOUVM]"VW(V/K<UWO^T/]3_1U[/TF/C_7+J=WU/Z9U1E=`ZKU?*;@XS'-?]F;
M8^ZVAKKVML]=M7V>EW\WZEGJ_P"#]-*Y*]W)^_)TO_&Z^J'_`'`_\&N_]+)?
M^-U]4/\`N!_X-=_Z60JOK+U#/^I#?K)@^E5DUXUN1=7=6Y['.H;8W)KJ;5D5
MOJ;9D4.^SO?;9^C_`)RKU/H5<_ZS=<POJ[T;J3W8[LGK&3BUNV8]SFU59-1M
MVMQ693\G*R*7L_,LK^T?S7V?U$KDKW<G[\F__P"-U]4/^X'_`(-=_P"EDO\`
MQNOJA_W`_P#!KO\`TLMCI=U]^#7;>[U+';MS_0MQ9ASF_P!#S'69-/M;_A+/
MTG\Y7^C>N1ZS]=^IX'6.K8='V6S]FOPFXO3W-><K,^T^GZM6,]F1_/5^I_@\
M'(_X6M*Y*]W)^_)UO_&Z^J'_`'`_\&N_]+)?^-U]4/\`N!_X-=_Z60.L_63J
M>+]9F]'QC750<$9AL^QY&=;O]5V/Z?H=/NJ>RK8W?ZSV;-_Z/U/TC%?ZIUK+
MP_K'T3I53&&CJGVKUW.!+Q]GJ;?5Z3F.V-][OTF^NS_@TKDKW<G[\FO_`.-U
M]4/^X'_@UW_I9+_QNOJA_P!P/_!KO_2RC]:.O]0Z7U7I.#A^FUG4OM/JV/Q[
MLM[?197:STL7"LKNMWN?MLV;_39^D_FV/5GKO7;.C?5>_K+QZUU5#'-'INK!
MMLVTU>IC76,OHJ^T6,?;39;]HJK_`$?\ZQ*Y*]W)^_)!_P"-U]4/^X'_`(-=
M_P"EDO\`QNOJA_W`_P#!KO\`TLET;ZQ=0R^A]1RLC&;?U3I-V5C7X^,'"NV[
M&][:\/?Z][F7L=6S>^OU/5_P7T$+ZI_67+ZQ<^K*R<-]M=33?BULMQ\O'R&E
MK<K'NPLMU_K8]+K&4_;665_K'Z+T_P#1JY*]W)^_)+_XW7U0_P"X'_@UW_I9
M+_QNOJA_W`_\&N_]+('U(^LG4^OXE>7FFMOJ,L=Z-6'D5,!99Z3=O4[[K,+(
M]C?YFO\`2?\`;%JZM+BDKW<G[\GF_P#QNOJA_P!P/_!KO_2R7_C=?5#_`+@?
M^#7?^EETD)0E95[N3]^3S?\`XW7U0_[@?^#7?^EDO_&Z^J'_`'`_\&N_]++I
M(2A*RKW<G[\GF_\`QNOJA_W`_P#!KO\`TLE_XW7U0_[@?^#7?^EETD)0E95[
MN3]^3S?_`(W7U0_[@?\`@UW_`*62_P#&Z^J'_<#_`,&N_P#2RZ2$H2LJ]W)^
M_)YO_P`;KZH?]P/_``:[_P!+)?\`C=?5#_N!_P"#7?\`I9=)"4)65>[D_?D\
MW_XW7U0_[@?^#7?^EDO_`!NOJA_W`_\`!KO_`$LNDA*$K*O=R?OR>;_\;KZH
M?]P/_!KO_2R7_C=?5#_N!_X-=_Z6720E"5E7NY/WY/-_^-U]4/\`N!_X-=_Z
M62_\;KZH?]P/_!KO_2RZ2$H2LJ]W)^_)YO\`\;KZH?\`<#_P:[_TLE_XW7U0
M_P"X'_@UW_I9=)"4)65>[D_?D\W_`.-U]4/^X'_@UW_I9+_QNOJA_P!P/_!K
MO_2RZ2$H2LJ]W)^_)YO_`,;KZH?]P/\`P:[_`-+)?^-U]4/^X'_@UW_I9=)"
M4)65>[D_?D\W_P"-U]4/^X'_`(-=_P"EDO\`QNOJA_W`_P#!KO\`TLNDA*$K
M*O=R?OR>;_\`&Z^J'_<#_P`&N_\`2R7_`(W7U0_[@?\`@UW_`*6720E"5E7N
MY/WY/-_^-U]4/^X'_@UW_I9+_P`;KZH?]P/_``:[_P!++I(2A*RKW<G[\GF_
M_&Z^J'_<#_P:[_TLE_XW7U0_[@?^#7?^EETD)0E95[N3]^3S?_C=?5#_`+@?
M^#7?^EDO_&Z^J'_<#_P:[_TLNDA*$K*O=R?OR>;_`/&Z^J'_`'`_\&N_]+)?
M^-U]4/\`N!_X-=_Z6720E"5E7NY/WY/-_P#C=?5#_N!_X-=_Z62_\;KZH?\`
M<#_P:[_TLNDA*$K*O=R?OR>;_P#&Z^J'_<#_`,&N_P#2R7_C=?5#_N!_X-=_
MZ64<;K/7NK974'='9BLQ>FY7V(U98L]2ZRDM^W.]>ASZ\*K98UF+^KYEEC_T
MEM=?\TB=5ZSU0]:9T'HS:!G?97YUM^6'FD5M)QZ*&,QW,L=;9E[?5L]E>/C_
M`.#R+?T:5R5[N3]^3'_QNOJA_P!P/_!KO_2R7_C=?5#_`+@?^#7?^EE0S?KW
M:/JYT?K^#B.>WJ695C78I!MMVDWLR:\1K'U^KD;\;9C/?_.?X2JO^;9I?5KK
MV5UW%ZK96^G]5SK\3"OK:ZRMU;!7]FR+&^I^GW^IOL]&W'KLK_F_32N2O=R?
MOR8?^-U]4/\`N!_X-=_Z62_\;KZH?]P/_!KO_2R7U6ZMUKJMW43G68WH]/S;
M\$,HILK<]U)9MR/4MRLAC6/:_P#F/3?_`,<J?U1^N>5UWJ5N-D5,91DT/SNF
M&MI:_P"SLR+L%S<[?=8S[5OKJ_F/T?\`.?I$KDKW<G[\FY_XW7U0_P"X'_@U
MW_I9+_QNOJA_W`_\&N_]+)NA]9Z]URBGK.(S$9TC(O<UF+:+!DC'874.R'9+
M'V4?:O7K<_[%]D]/TOT?V[U/TB;K/5>OXGUCZ7TK$NQ11U?[1L=;CV/?5]FJ
M9>[<YF9CLR/6>[]S']/_`(1*Y*]W)^_)E_XW7U0_[@?^#7?^EDO_`!NOJA_W
M`_\`!KO_`$LM?'SC?GYF']GOJ^R>E&18S;3;ZC=_ZI;_`(7T?H6_Z.Q74N*2
MO>R?OR>;_P#&Z^J'_<#_`,&N_P#2R7_C=?5#_N!_X-=_Z6720E"5E7NY/WY/
M-_\`C=?5#_N!_P"#7?\`I9+_`,;KZH?]P/\`P:[_`-++I(2A*RKW<G[\GF__
M`!NOJA_W`_\`!KO_`$LE_P"-U]4/^X'_`(-=_P"EETD)0E95[N3]^3S?_C=?
M5#_N!_X-=_Z62_\`&Z^J'_<#_P`&N_\`2RZ2$H2LJ]W)^_)YO_QNOJA_W`_\
M&N_]+)?^-U]4/^X'_@UW_I9=)"4)65>[D_?D\W_XW7U0_P"X'_@UW_I9+_QN
MOJA_W`_\&N_]++I(2A*RKW<G[\GF_P#QNOJA_P!P/_!KO_2R7_C=?5#_`+@?
M^#7?^EETD)0E95[N3]^3E]&^KG2.B&W]F8_V?U]OJ^][YV;MG\ZZS;])WT%J
MI))%822;*Z222"G_UO5$DZ22EEF9G1L;+ZIT_JMKK!D=+]?[.UI`8?M#/2M]
M5KF[W[&-_1[+*_\`A%J)DE.9U7H^+U3[/8]UF-E8EGJXF906MNJ/^%])SVVL
M?5>W]'D4WUV8]M?\Y7ZGIJG?]3^D7?5Z[ZOS:W&R7"S)R`X'(MMWLO?DWWVM
ML]7(O?5^E>^O^;_1U>G7Z>SH$T!)3FXG1L7"ZCDYV*ZREN;[LG%:1Z#KOSLW
MTG-WU9=C&[+;*;*Z\C^=MJLM_2JMUOZL8'7+L>[+LN8[&JRJ&"DM`+<RK['>
MYV^NSW5T_P`UL^A9_.>HMQ-`24\E?_BY^KMV/=6?78[*Q<;!LN%@WFO%-/IN
M:US?0;=>S$Q&6_H_YNK]%758^WU+'4_J-T/JF5FY&:+;7=1MQKKF;]K0_$:Z
MBIM7I-WM9?39;3D^I99_P/I6^G97TJ=)3SE_U+Z7?TOJ?2GVWC'ZQEOS<ES7
M,WBQ[Z;7-I?Z6QM.^BOV65V6?\(K'4?JXSJG1<CHW4<W)RJLES7.O=Z++0&.
MKM96QV/CUT;/5J_PF/99]/\`X/T]J`G24Y'2^AX_3<G-S1;=EYG4'5NR<F\L
MW.]%GI45^GB5X]#&ULW?0H]2S_"^I^C6?C_4'H55'2L:UMF51T;[1Z%63Z=C
M+/M1+K?M=;J=EOIN]]6STO3_`.$730$DE.%A_5/IF%TSJ?2\<OKQ>JV7V6L&
MQOI_:&BAU>*UM?IU55L;^K,?79Z?_")LOZJX>5TSIO3/7OI;T>RBW$NK-9L#
M\9CJL=UOK4V4O^EOV>E_.?\`!K>3I*:N+3;12VNV^S)<TG=?:&![M2YNYN/7
M13^=LK].K^;_`.%63E?4_I.7E=2RKC=Z_4G8]AL:X-=3;BM=5BY.#8UOK8^1
M7NW[]]G_`&U996_H$R2G"O\`JTV[JE?5V=0RJ,YF*W!==6,<[ZP_[1OLKOQ;
M:?5?=[WOIKKK_P!%76B]5^K]74L[!SSDWXF5TWUOLUE'I&/M#6U7^HS*IRF/
M]C/]?T:V$DE.%F?5L9E_3LNS/RVYW2_7]#+:,<//V@;+?5K=B?97?HF^G7Z>
M/7_PGZ7](B]6^KF%UC&P\7J3WWLPKZLGW"O]*^H.;MRJ_2]%]5_JN^T5UUU[
M_P#![%L0$DE.+T_ZK=*Z9D]1OP6.QV]5;4RZBDBFM@I8^IOV08K:+,=[_4?9
M8]EGJ>K^DK]-+IOU<Q^GY_[2LRLG/S1C,PJ[\IS'.;2QWJ^GNQZ<?U7V6NWV
M7Y'KY%G^D_G%M)TE.'T#ZN5_5_&9AXV;DWX=37-JQKQ26L+W^NZSU*,>B]S]
M[G?3O]/_`,#]/;23I*623I)*623I)*623I)*623I)*623I)*623I)*623I)*
M623I)*623I)*623I)*623I)*623I)*623I)*623I)*623I)*623I)*623I)*
M623I)*<&[ZKXSLK(OQLO+P:\VQEV9C8E@JKML8=SKMWI_:<>V_:VO*LP;\>S
M)K9^E_2?I$7JOU>QNIY#,MEU^!FTUOH&9B/%=KJ;`YKL9[GML8^G>[UJO9ZF
M/D?I<:RBW>ME-`24XM_U7Z59B=.P:6'&Q>D9-67BUTP!OIW[&V;VV/>RQUCW
MVO\`YVRS])ZOJ(O0^@8'0JLJG`W,JR\FS+=4=H:QUFQKJJ&,;6QF/6RMK*V?
MI-G^D6JDDIQ:/JQ@T8'5L%MEOI=:MR+\IQ+=S793?3N%'LV,:QG\UO\`4_X3
MU$##^I/0<'+Z7F8=/H7]*8^MEE;:V.NWU_9G69SV5L??;LW/W_H_TCWO70I0
M$E.'B_5;%Q+VG%R\K'P:[SE,Z958UF,'D>YK6LK^TMQ/5=]J^P_:_L7J_P#:
M;T_T:LYG1L;+ZKT_JMKK!D=+];[.QI`8?79Z%OJM<W<[8QOZ/997_P`(M1,D
MII8V!Z.;E9OVB^S[9Z7ZO8_=35Z3=GZG5M_1>ONWY/OL]6Q74DZ2EDDZ22ED
MDZ22EDDZ22EDDZ22EDDZ22EDDZ22EDDZ22E))))*4DDDDI__U_54DDDE*5"_
M.=CYV'CO9->;ZK6W3,7,'KUXWI;=_P"DQV9EGK>RNO[+Z=GZ6^I7U@_6A_3C
M@LHS[LK$%KV^AEX-=K[JK-S:F>E?BX^1]ENR/7^R^_T_6KR+L:K?^D24EP_K
M#B7UX[[6OH;F^_%L++#2^M[W,P;'YGH_9L>S.J]%]>+?97DUV9%.-Z?K65^H
M#_G16V^FJ['N#+W9S`:&6Y+P<+);@>ZC$HLNVW[_`%M_Z.O'_FO4L]2M0LZ/
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M)*GFY^/@TMLR7.`<[:QC&.ML>[W.VU44-LNM?L:^W]'6_P!.JJRVS]'78]2Q
M\NC+QQ?COW,?,:%K@YI<U]=E;F^I5;6]KJ[:;*_5JM_16U^HSTTE-I)1DGNJ
M^'E4YF+3F8SM^/DL;;2^")8\-?6_:]N]OM_->DIM)*,F>5))2DDDDE*22224
MI))))2DDDDE*22224I))))2DDDDE*22224I))))2DDDDE*22224I))))2DDD
MDE*22224I))))2DDDDE*22224I))))2DDDDE*22224I))))2DDDDE/./^M!9
MURWI7IT.--]6/Z;<B<Q_JUT6_:*NF^C[\:C[3OR;OM'Z/&Q\K)]/]'Z=ECJ'
MUFP,.C,L876V8=-]C6EMC*K7X[++;<6C.=7]FMR/T%OJ,KLLMK]*_P#1?J^1
MZ8'X?3++KNIOSKSAY&=5ZN+#/1.9191TRCW?9_MK?3SL+&_[4?9[+*O4_HK[
M%*WZM8'4,>P/NR1AY8OLJQ'!M8ILS&7,RLBIMM+,QF18S.R_T.=9;5CV9']&
MK].JNM*2Y/UFPZL)^74RYYIMQZK<>RFZJ\-R;J\5ES<6VG[5:SW6^EZ>._[3
M;39C56>JRS989U[I3V![K_1:?4W'(:^C8:FC(MJO^U-K^SV_9G?:O1O].VS#
M_6:J[,:NRQ5[/J\RZJ]F1FY-V3>Z@_;7>@+6C$M^V8=;*ZL>O#V5Y/J/]^)9
M99ZOIV^I6ROT\KJN%T\Y-71<BYUUN3:S*ZAF9&\._3-=TME;G8F-1TQC^I8-
M63TBO??T^ROV9&+7D9_\XE.[U+J=F+TQN=CU>M9:_'KIJN+J-<FVG%K];=39
M?3L]??8S[/ZO^"]/U%+IN?=EC)9D5-HR<*[T+ZV/-E>XLIRF.JN=7CO>ST,F
MKU/4QZ_TG^DK].VR74L!G4L0XK[;*(?5:VZK;O:ZFVO*J<W[0R^O^>H;_.5O
MK>Q1Q.FC$JL#,BVRZ^YM^1E/]/U+'L]*K:]E5+,9C/L^-5BV>ACU?HO?_2?U
MA)3#J'4,JC*IP<"AE^5>RVX"^TTUBNDU56_I*J<Q_J[\NCTV?9_3]/U/4MKV
M5UV`R.ON;T8=:QL5UF$[I]O4`7O%;@6,JR*,5[/TGNR*K+_T]?J5X_V?_">I
M6CY>$S/LJRJ,C(P\G']6EE]36M?L<YK;ZO3ZA3?2ZJZW%H?7;Z'Z3TO4QLC[
M-8_U(4X?3>H?5QG3\1SATO+PA1262'#'LJ]*O8Z_>]K_`+.YKZ_7WV?Z5)33
MQ/K=BV,<[*V._2,KILZ:ZSJ-3WO;;;]G9;BXS+OM-56+9=DT?9_T6/;C6^K^
MG].N[^W\"JH6Y-K:PZ[(J&P6/`;C6V8U]]OZ-CZ::',9]MRK&?8L9[_Z3Z?I
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MD$M&3??F5TV.87L]9C+VLM]-]E7J_P`U;97Z=EF$S%ZS9]4,7I?V#)Q\SI[>
MG`;7XI<\XUN-;?9B.^T7XV^MF,^RO[9Z5=GZ/^<_25UI26KH]76BS,N.%G8.
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MU].M]6W'2G>ZMB9.0[#R,3TW7X-YR&4VN-;+)JOPW-=>RO(?1L9EOLW_`&>S
M>^KTOT?J>I7E]?Z'UCJ].&\VL;D4>H;**[!4P/L+'T7T9=^'U-[,O!97Z-65
M7AX>3ZEOVG'LZ?\`T:Q.Z?UZ[H.-4W(OHZB/5Q[2XACQ1>;*&O\`9EYC/5Z:
MRS&S<>_[9D9N1]B^S69-=V?DJOU?#^L[^DU9.&VUW5['6WN8V\Q38\-=C8?H
M?;,#I^1CXC6U8ME]GVFM]E'K?LG+^WYGII3:R_JM5DY.=E/HQGY.5FX]M=[V
M@V#$K;@T9N(^WT]^S*IQLZGT&?J]M>1Z5OZ.VQ0Z5]5_L]?0VYN-B']CXEM.
MQ@]1OV@OQ'UYM#K:*]EK_LEU]MFRN^NV_P#1V7_I+$:VS*N^LWV/&RM^,WTL
MG.I98XNJ=4VW]#;L]^+]N?;TB_'Q=]=69CX'4_4K_29/VS2O`ZETS*I?CN+;
MFY&,['O+J-X!?B^ZVKU+*L?(8W?5>QC[/L]K,FNO_!I*<CZF=-MPJ+[_`+6S
M/HR=GIY=-S+&7.K-K+\M]6/BX[&9=[_Z3=9E]4R;=GIVYMGV?U+-Y^9C5O-=
MMS*WL].6N<T$>LYU&-N;^9]HN:ZO&_TMGZ/^<6)13UJJBG*-5KW59CKKJ2<=
MF7?4<9^$UN:[%LHZ9?D,RWUOK_6*Z_L6+B^I9]NH]-^;?TKZP9N+DNS*<MP-
M^-D8^(W*:RT!G4L[*OK:ZG+KH;=7TF[$]/\`6/3]2K%]&SU<.OT$I[=`LNJK
M?76^QK76NV5M+H+G;76^FW]]_I5V/V?Z/](L3[/]8!]:OM+GV'I;M&!@!K%?
MI;?1O:_,KV6_;VNO]>CI&3D>GZ-7[2^R^KCX]GJ73/M'5>E=0KJWVXN0[U+2
M?H4G'S*OT;7N]GJ9-^-ZWH?I,C]#ZN^K'K])*;6/U;IF5E686/FT79=.[U:*
M[&NL9L(J?ZE+';V[+7-99O\`\)^C29U7ICJ:<EN92ZC*L%.-<+6%EECBYK*:
M;-VRZW?6]GIU[[/46;U'I.9U!G7&O#66Y6,_I_3G/(V"I]+7NO\`;ZCZGWYU
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M%OIV/CT+?C5Y&;U'#/2GMJK:\6.H;CU8]`M=5BXWV6^_;CX'JV^I?>RCU7W^
MI7Z6-Z6'B5\:OJ>/]5.B4X^%99EU48['PVH7XWZNZJ^^BKJ#L>C[6SW8NRRS
M]%Z_J6U9-5=F-D)35ZA]6Z1B?866XM'4L_.R,M])-33FU^IEWU47_:,7,^T?
M8:<RF_\`28&;7CV4?HO3_1YE=BKI;LW,Z9;6_&S1TD,Q\NZZ]N8]E](;Z]7I
MVX>YN:S:Q_VVC+Z7DV6^G;G8U]6)CXR+?TJ^>FX^%A.HQ:ABAS7/J(:S%>W(
MJQNH._29KWX+&[^F_8<S(JMS?4^W_JOJ69$NE]/ZI2_-M8QF#:]E./C>LUES
M&-H=>[[/C48+L!C^F4LOV].??]GZC_/_`&[]%7C5)*09'0KOT%%M6'U!XMZA
M>.FY;R*G-R,G[97FMWX^7NR,&NW[-_1/^U]WZS7_`-J,WZN=/IHS<;.JZKB9
MN/TS$IKS+<?*J(I;7B_978[_`-5LOMP+,BBS-V6=0P\;[1^L_8OM..^W(Z-W
M3"WZS4]4KJT=B9%.1>729+\%V+0W<[>VG91DV>G6S[/7;ZUO\[D6665<CI>?
M?AY60^LNSK<ZG(]/<TSCX655;AXU#W.V,]?$QO7KILO95^T<W)LLLQZ[[/22
MG)=]6,"GZO8V)59T^D9_3'8#[`6LJRLZUN*_IF2US:_UQ];Z<J[&O]^37ZWJ
M8U?Z2Q=AB5^EC55"FO'V,:ST:3-;('\W0[;1^BK^A7^CK_XNM<MF="ZI9T\L
M91NLS:.JXYKWLFD]5R&YF/=DNW;/2Q*F[,W[)9D6>K_1*\RK](NQ@)*72222
M4I))))2DDDDE*22224I))))2DDDDE*22224I))))2DDDDE/_T?54DDDE*7/_
M`%IR,:H]+&;ENPL*W,+,FX9#L4;?LN;96VS)HLQWM:_(KI]GJ;'^Q=`LV_-N
M;U?#P&!H9?5?D6N=).VDT4BJMOLVO?=G5O\`6?ZGZ.A]?I?I_5J2GG<WZRYG
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M;_\`@KLKU?5K_9RZ7&R!97CMLM:<BVKU=A::7.VBOU;&X>1ZF30QC[:]]+W^
MIC^JRNW](AX^;:[J^9T]X:YE%-&16]H(.VXY%#JK&^_<]EV#8_U&>G^CO]+T
MOT'JVT*<SJ5HS,AU6-9?B`LHRZJ[+&5E[O\`*&%6UN_*Z@_`]"GU7XGV.OJ.
M3^H^EAY6);Z24K$PF-^M6:X79);5C8][*79-[Z@^^SJ%=[OLS[O0V/915Z=/
MI^GC^E^AKK6?T[ZW=0RNF]1R[:*J\C";797B[F&W>\N_R1;1CY63?5EO?6W"
MQ[\BO#MMS+_^2/5Q[,:RVSKO4G,P+G,J]+(N]"P!E@+W"_[`^UUK_P!6Z.^M
MGIY5?3\ZS(S<C(W]'].O/H]2RUUKK;L7H^?F])%6=?@BX6`6--=5E+'VVMR=
MCO4WLV[/LM?ZQZEM-7ZO4^S)H2G+L^MN;39TA]@JCJ;JZ[</9LLK?==]E?2W
M)ORJW6Y'37V-IS:*.GY-OKXOZU7TNO+Q_3T>F]8OS>MYV'ZE#Z,3<T5T@6$'
M<&?I\QF19Z-OTO4PLOI^!;ZN^O%LS*L/(R;#=3RNJ4]1PJL2W'V9#P+*+*GN
ML]*N;<S*^TUY%;:*F4[*:G/P[Z_MM^+5;8S[7^CS[/K/EX[<S)LIKLHJIZC?
M14V6/'[,M;AVUVWN=8RW[<YWJ5NKQZOL;/T7ZY_.I*;_`-9`/V2XM+Q<;*J\
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MWVKU/VAZF9W<!*`DIYIW5+Z?JWCW=;&3CEV'CV9F8PU4'UK#55;A.WV5W861
M?:_T[+_3P\;%KM]3[=AVU^I5G9_4,JC$Z4]N9]KPWUY3_7Q<H@FYEE#<'$PL
MKT[?VUG8]+LG%QL+.V5=9LQ_M.?7ZM;_`$^V@)0$E/,W9.<SZWT4U9'J,LL(
MOIWV!]>-]FL<W_)SJ_LMN)^T65O_`&VRSU?M-O[(]3Z=:M?5VAH?GY-5M[L=
M][L>BF^^V\M&(ZS%OL=]MLR'UVWY;<G^;L].S"KPG^E7D^NMQ*`DI4!).DDI
M22222E))))*4DDDDI22222E))))*4DDDDI22222E))))*4DDDDI22222E)))
M)*4DDDDI22222E))))*4DDDDI22222E))))*4DDDDI22222E))))*6@)0$Z2
M2EH"4!.DDI:`E`3I)*6@))TDE+0$Z222E))))*4DDDDI22222E))))*4DDDD
MI22222E))))*4DDDDI22222G_]+U5)?*J22GZJ5"W!]3J&-GM?#L=EU+F%LA
M]=YJ>[:Z:]EOK8F,_?\`I*_3]:KTOTE=M7S(DDI^EJ^A=+IJ-==$-=958&E[
MS'V>QN3B55[G_HL;%N9ZF-A4^GAU?S==3*[[-\K^CX=V>WJ!]5N6UM;2ZN^Z
MMCFU.?;4RZBBZNC(8Q]]OLR*[-[/T:^9TDE/TW5@[.HY.>7R_(932UH;`;70
M;7MW:V;[?6R\E^_]'7Z?HU^E^CLMLKXWU>Z9BX;\"EESL9S:VMJLR+[`P5?S
M'V;[1=8_"?1[7U68OI65V,KLK_245>G\V))*?I9O0NE,?2]E/NH@M][X>0YV
M0RS*;N_7;J\AUN55=E_:+*\VV[-J_6;++%;S,6C,Q+\.]OJ49#'56LDB6/&R
MQNYGO;O8[Z3%\O))*?J!V+2[*KRRV;ZJ[*ZW2=&6NJMM;M^@[>_&H]^SU*_\
M]`;T;IC;LBTT-<<D/9:Q\OKV6G=DUUT6[Z:F9;_TV:RBNO[9D?I<KU+%\S))
M*?IW!P<?"I=7CA_O<7V/L>ZVQ[OH[KK\AUEU[V,:RFM]EEGZ*NFO^:KK5U?*
MJ22GZJ27RJDDI^JDE\JI)*?JI)?*J22GZJ27RJDDI^JDE\JI)*?JI)?*J22G
MZJ27RJDDI^JDE\JI)*?JI)?*J22GZJ27RJDDI^JDE\JI)*?JI)?*J22GZJ27
MRJDDI^JDE\JI)*?JI)?*J22GZJ27RJDDI^JDE\JI)*?JI)?*J22GZJ27RJDD
MI^JDE\JI)*?JI)?*J22GZJ27RJDDI^JDE\JI)*?JI)?*J22GZJ27RJDDI^JD
ME\JI)*?JI)?*J22GZJ27RJDDI^JDE\JI)*?JI)?*J22GZJ27RJDDI^JDE\JI
M)*?JI)?*J22GZJ27RJDDI^JDE\JI)*?JI)?*J22GZJ27RJDDI^JDE\JI)*?_
!V3\_
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
