<SEC-DOCUMENT>0001193125-15-073650.txt : 20150302
<SEC-HEADER>0001193125-15-073650.hdr.sgml : 20150302
<ACCEPTANCE-DATETIME>20150302171804
ACCESSION NUMBER:		0001193125-15-073650
CONFORMED SUBMISSION TYPE:	N-CSRS
PUBLIC DOCUMENT COUNT:		7
CONFORMED PERIOD OF REPORT:	20141231
FILED AS OF DATE:		20150302
DATE AS OF CHANGE:		20150302
EFFECTIVENESS DATE:		20150302

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			KOREA FUND INC
		CENTRAL INDEX KEY:			0000748691
		IRS NUMBER:				133226146
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		N-CSRS
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-04058
		FILM NUMBER:		15665917

	BUSINESS ADDRESS:	
		STREET 1:		ALLIANZ GLOBAL INVESTORS FUND MANAGEMENT
		STREET 2:		1633 BROADWAY
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
		BUSINESS PHONE:		212-739-3000

	MAIL ADDRESS:	
		STREET 1:		ALLIANZ GLOBAL INVESTORS FUND MANAGEMENT
		STREET 2:		1633 BROADWAY
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-CSRS
<SEQUENCE>1
<FILENAME>d864417dncsrs.htm
<DESCRIPTION>KOREA FUND INC
<TEXT>
<HTML><HEAD>
<TITLE>KOREA FUND INC</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Washington, D.C. 20549 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM N-CSR
</B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>CERTIFIED SHAREHOLDER REPORT OF REGISTERED </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>MANAGEMENT INVESTMENT COMPANIES </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Investment Company Act file number 811-04058 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>The Korea
Fund, Inc. </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Exact name of registrant as specified in charter) </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="50%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="48%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>1633 Broadway,</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>New York, NY</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>10019</B></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" ALIGN="center"><B>(Address of principal executive offices)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>(Zip code)</B></TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Lawrence G. Altadonna </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>1633 Broadway, </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>New York,
New York 10019 </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Name and address of agent for service) </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Registrant&#146;s telephone number, including area code: 212-739-3371 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Date of fiscal year end: June&nbsp;30, 2015 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Date of reporting period: December&nbsp;31, 2014 </B></P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Item 1. Report to Shareholders </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px">


<IMG SRC="g864417logo_01kor.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="4">Semi-Annual Report </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT
STYLE="font-family:ARIAL" SIZE="4">December 31, 2014 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="60%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">


<TR>
<TD WIDTH="87%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>


<TR>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Table of Contents<A NAME="toc"></A></B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2"><A HREF="#toc864417_1">Portfolio Manager&#146;s Report </A></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1-3</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2"><A HREF="#toc864417_2">Performance &amp; Statistics</A></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">4-5</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2"><A HREF="#toc864417_3">Schedule of Investments</A></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">6-7</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2"><A HREF="#toc864417_4">Statement of Assets and Liabilities</A></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">8</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2"><A HREF="#toc864417_5">Statement of Operations</A></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">9</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2"><A HREF="#toc864417_6">Statement of Changes in Net Assets</A></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">10</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2"><A HREF="#toc864417_7">Notes to Financial Statements</A></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">11-15</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2"><A HREF="#toc864417_8">Financial Highlights</A></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">16</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2"><A HREF="#toc864417_9">Stockholder Meeting Results/Proxy Voting Policies &amp; Procedures</A></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">17</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2"><A HREF="#toc864417_9a">Privacy Policy</A></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">18</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="2"><A HREF="#toc864417_10">Matters Relating to the Directors&#146; Consideration of the Investment Management Agreement</A></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">19-21</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
</TABLE></DIV>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><FONT STYLE="font-family:ARIAL" SIZE="2" COLOR="#32406b">The Korea Fund, Inc.</FONT> Portfolio Manager&#146;s
Report<A NAME="toc864417_1"></A> </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">December 31, 2014 (unaudited) </FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">During the July to December 2014 period, the MSCI Korea Index fell by 7.21%
in Korean won (KRW) terms and by 14.59% in USD terms. The market decline was primarily driven by corporate governance issues at large conglomerates as well as weak earnings in the heavy industry and commodity related sectors. As a result of the
strong US dollar, a weak Japanese yen and interest rate cuts by the Bank of Korea, the Korean won depreciated over the six months, giving back all the gains it made in the first half of 2014. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">At the end of October 2014 the Bank of Japan announced an expansion of its quantitative easing program, which led to a sharp
fall in the yen. This also dampened the sentiment in the Korean market as Korea and Japan are direct competitors in the export markets. While the Korean won has also been weakening in recent months, it has not depreciated as much as the yen and
therefore Korean exporters and tourism related companies will likely face increased competitive pressures. However, the weaker won versus the US dollar and renminbi should partially offset the negative impact. There is also a good chance that the
Korean government and the Bank of Korea would consider measures to mitigate the challenges posed by a weak yen. In fact, with the sharp fall in oil prices, Korea&#146;s inflation has drifted below the 1.0% level and will likely trend lower. This may
prompt the Bank of Korea to further cut interest rates which will support domestic asset prices. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">The domestic economy in Korea remained weak in the second half of 2014. While the government proposed in the third quarter a number of policies designed to support consumption, it took until December for
some of these measures to be passed by the national assembly. What seemed to have an impact relatively quickly was the easing of restrictions on mortgage lending, as both housing market transaction volumes and prices picked up in September and
October 2014. However, the recovery has not yet been strong enough to have a significant impact on consumer spending. Other government measures that have been approved recently include raising the price cap on apartment presales and abolishing
capital gains tax on reconstructed or redeveloped apartments. Over time, these measures should give a further boost to the housing market and benefit consumption. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Another major policy initiative of the government was to encourage, through
changes in tax codes, the increase in dividend payout by the corporate sector. This was welcomed by investors as dividend yields of Korean equities are typically low and many large corporates do have a high level of cash. Investors&#146; hopes were
dashed, however, when in September the Hyundai Motor Group decided to purchase a site for its new headquarter at a price of KRW 10 trillion, substantially higher than the appraised value. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Following strong responses from deeply disappointed minority shareholders, Hyundai Motor Group in November announced a share
buyback program and stated that a significant increase </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">

<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="28%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">12.31.14</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="1"><FONT STYLE="white-space:nowrap">The&nbsp;Korea&nbsp;Fund,&nbsp;Inc.&nbsp;Semi-Annual&nbsp;Report</FONT></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>1</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>&nbsp;&nbsp;</B></FONT></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><FONT STYLE="font-family:ARIAL" SIZE="2" COLOR="#32406b">The Korea Fund, Inc.</FONT> Portfolio Manager&#146;s
Report </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">December 31, 2014 (unaudited) (continued) </FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">
in dividend payment would be considered. Later in the same month, Samsung Electronics also announced a share buyback program. In early 2015, both the Hyundai Motor Group and Samsung Electronics
are expected to provide more details on their future dividend policies. If these two leading conglomerates decide to meaningfully improve capital return to shareholders, we believe an increased number of Korean companies are likely to follow suit.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Towards the end of 2014, there were renewed market jitters as the
economic turmoil in Russia and the upcoming election in Greece clouded the outlook of the already weak European economy. If Europe suffers further economic instability or the euro weakens, there would be negative implications for Korean companies as
the European Union and Russia together accounts for over 10% of Korea&#146;s exports. On the other hand, the collapse in oil prices has led to concerns over deteriorating earnings of heavy industries and commodity producers. That said, the overall
impact should be positive for Korea as the country is a net importer of oil. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Fund&#146;s Performance </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">During the period from July 2014 to December 2014, the total return of the Korea Fund on NAV basis was -12.61% (net of fees). The share price performance was down 12.17% during the reporting period
closing at USD37.52 per share, representing a discount of 9.28% to the NAV price. The Fund&#146;s NAV outperformed the benchmark by 198 basis points during the period. Stock selection in industrials and information technology contributed the most to
relative returns, while the overweight to consumer discretionary and the underweight to consumer staples detracted. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="1"><B>Market Outlook </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">With
anemic growth expectations, equity investors may have an increased focus on dividends in 2015. Korea&#146;s National Assembly recently passed the 2014 Tax Revision Bill, which, as proposed by the government, included two tax laws to encourage higher
dividends. First, tax rates on dividend income were reduced from 31% to 25% for large shareholders and from 14% to 9% for minority shareholders. Second, a new 10% tax was introduced on undistributed earnings. While the 10% tax may seem moderate
compared with a similar tax in Taiwan, it is a clear signal of the government&#146;s policy intentions. As such, we believe those conglomerates with substantial cash holdings and strong cash flows, yet a low dividend payout ratio, will likely raise
their dividend payment. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">We sense that the Korean National Pension
Service (&#147;NPS&#148;) has become increasingly vocal in demanding better capital returns from large corporates. The voice of the NPS carries a lot of weight in Korea, as it is the biggest domestic investor and manages the Korean public&#146;s
pension fund. In a recent forum on how the NPS should set dividend guidelines, there were suggestions </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">

<TR>
<TD></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="28%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="66%"></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>2</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1"><FONT STYLE="white-space:nowrap">The&nbsp;Korea&nbsp;Fund,&nbsp;Inc.&nbsp;Semi-Annual&nbsp;Report</FONT></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">12.31.14</FONT></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><FONT STYLE="font-family:ARIAL" SIZE="2" COLOR="#32406b">The Korea Fund, Inc.</FONT> Portfolio Manager&#146;s
Report </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">December 31, 2014 (unaudited) (continued) </FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">
that 1) the NPS should present a focus list of around 10 companies with low dividend payouts; 2) the NPS should make a proposal on dividends; and 3) the NPS should take follow-up actions if a
company fails to change an unreasonable dividend policy. Overall, we believe the NPS will play a critical role in pushing for higher dividend payouts in the Korean equity market. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">While the Korean market faces a challenging external environment and the
domestic dividend theme will take time to play out, the market downside should be limited given the undemanding valuation. The MSCI Korea Index is trading at 9.8x PER, near its historical average. In terms of price-to-book multiple, the market is
trading at 1.0x, at a significant discount to the 1.3x long term average. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:3%"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><I>The information contained herein has been obtained from sources believed to be reliable but the investment manager and its affiliates do not warrant the information to be accurate, complete or
reliable. The opinions expressed herein are solely those of the Fund&#146;s Portfolio Manager and are subject to change at any time and without notice. Past performance is not indicative of future results. This material is not intended as an offer
or solicitation for the purchase or sale of any financial instrument. Investors should consider the investment objectives, risks, charges and expenses of any mutual fund carefully before investing. This and other information is contained in the
Fund&#146;s annual and semiannual reports, proxy statement and other Fund information, which may be obtained by contacting your financial advisor or visiting the Fund&#146;s website at www.thekoreafund.com. </I></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:3%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><I>This information is unaudited and is intended for
informational purposes only. It is presented only to provide information on investment strategies and opportunities. The Fund seeks long-term capital appreciation through investment in securities, primarily equity securities, of Korean companies.
Investing in non-U.S. securities entails additional risks, including political and economic risk and the risk of currency fluctuations, as well as lower liquidity. These risks, which can result in greater price volatility, will generally be enhanced
in less diversified funds that concentrate investments in a particular geographic region. The Fund is a closed-end exchange traded management investment company. This material is presented only to provide information and is not intended for trading
purposes. Closed-end funds, unlike open-end funds, are not continuously offered. After the initial public offering, shares are sold on the open market through a stock exchange, where shares may trade at a premium or a discount. Holdings are subject
to change daily. </I></FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">

<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="28%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">12.31.14</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="1"><FONT STYLE="white-space:nowrap">The&nbsp;Korea&nbsp;Fund,&nbsp;Inc.&nbsp;Semi-Annual&nbsp;Report</FONT></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>3</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>&nbsp;&nbsp;</B></FONT></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><FONT STYLE="font-family:ARIAL" SIZE="2" COLOR="#32406b">The Korea Fund, Inc.</FONT> Performance&nbsp;&amp;
Statistics<A NAME="toc864417_2"></A> </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">December 31, 2014 (unaudited) </FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="49%"></TD>
<TD VALIGN="bottom"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="9%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="9%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="9%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD></TR>
<TR>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #32406b"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Total Return<SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #32406b"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #32406b"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Six&nbsp;Month</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #32406b"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #32406b"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #32406b"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>1&nbsp;Year</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #32406b"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #32406b"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #32406b"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>5&nbsp;Year</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #32406b"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #32406b"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #32406b"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>10&nbsp;Year</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #32406b"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Market Price</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-12.17</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-9.06</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">3.86</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">6.61</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Net Asset Value (&#147;NAV&#148;)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-12.61</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-9.85</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">3.78</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">6.08<SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">%<SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(2)</SUP>&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">MSCI Korea (Total Return)<SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(3)</SUP></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-14.59</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-11.12</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">4.54</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">8.35</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">MSCI Korea (Price Return)<SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(3)</SUP></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-15.32</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-12.61</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">3.40</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">7.02</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">
<P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">KOSPI<SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(4)</SUP></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-11.93</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-8.56</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">3.82</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">7.25</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD></TR>
</TABLE>
<P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;
</FONT></P><DIV STYLE="position:relative;float:left; margin-right:1%; width:48%;padding-right:9px;padding-bottom:8px;overflow:hidden;padding-top:3px">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Premium (Discount) to NAV: </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="1">December 31, 2004 to December 31, 2014 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px">


<IMG SRC="g864417g07y91.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Industry Breakdown (as a % of net assets):
</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px">


<IMG SRC="g864417g86s95.jpg" ALT="LOGO">
 </P></DIV><DIV STYLE="position:relative;float:right; width:48%;padding-right:9px;padding-bottom:8px;overflow:hidden;padding-top:3px">

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


<TR>
<TD WIDTH="81%"></TD>
<TD VALIGN="bottom"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="10%"></TD></TR>
<TR>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #32406b"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Market Price/NAV:</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #32406b"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #32406b">&nbsp;<FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #32406b"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Market Price</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$37.52</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">NAV</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$41.36</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Discount to NAV</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-9.28</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD></TR></TABLE>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="91%"></TD>
<TD VALIGN="bottom"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD></TR>

<TR>
<TD VALIGN="bottom" COLSPAN="4" STYLE="BORDER-BOTTOM:1px solid #32406b"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Ten Largest Holdings (as a % of net assets):</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #32406b"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Samsung Electronics Co., Ltd.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Manufacturer of electronic parts</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">19.4</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">SK Hynix, Inc.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Manufacturer of memory and non-memory semiconductors</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">9.4</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Hyundai Motor Co.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Manufacturer of automobiles</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">7.9</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" COLSPAN="4"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1"><FONT STYLE="white-space:nowrap">Hyundai&nbsp;Development&nbsp;Co.-Engineering</FONT> &amp;&nbsp;Construction</FONT></P></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></P></TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Civil engineering and architecture construction businesses</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">6.6</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Korea Aerospace Industries Ltd.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Manufacturer of military and civilian aircrafts</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">4.7</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Hanssem Co., Ltd.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Manufacturer and distributor of kitchen and interior furniture</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">4.1</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Hankook Tire Co., Ltd.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Holding company for manufacturing and distribution of tires</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">4.1</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Paradise Co., Ltd.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Operates in the casino and hotel businesses</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">4.0</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">SK Telecom Co., Ltd.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Provider of wireless communication services</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">4.0</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Shinhan Financial Group Co., Ltd.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Provider of financial products and services</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">3.5</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD></TR>
</TABLE> </DIV><div style="clear:both; height:0px; font-size:0px">&nbsp;</div>

 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">

<TR>
<TD></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="28%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="66%"></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>4</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1"><FONT STYLE="white-space:nowrap">The&nbsp;Korea&nbsp;Fund,&nbsp;Inc.&nbsp;Semi-Annual&nbsp;Report</FONT></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">12.31.14</FONT></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><FONT STYLE="font-family:ARIAL" SIZE="2" COLOR="#32406b">The Korea Fund, Inc.</FONT> Performance &amp; Statistics<A NAME="toc864417_2">
</A> </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">December 31, 2014 (unaudited) (continued) </FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(1)</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Past performance is no guarantee of future results. </B>Total return is calculated by determining the percentage change in NAV or market price (as applicable) in the specified
period. The calculation assumes that all dividends and distributions, if any, have been reinvested. Total return does not reflect broker commissions or sales charges in connection with the purchase or sale of Fund shares. Total return for a period
of more than one year represents the average annual total return. Total return for a period of less than one year is not annualized. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Performance at market price will differ from results at NAV. Although market price returns typically reflect investment results over time, during shorter periods returns at
market price can also be influenced by factors such as changing views about the Fund, market conditions, supply and demand for the Fund&#146;s shares, or changes in the Fund&#146;s dividends. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">An investment in the Fund involves risk, including the loss of principal. Total return, market price and NAV will fluctuate with changes in market conditions. This data is
provided for information purposes only and is not intended for trading purposes. Closed-end funds, unlike open-end funds, are not continuously offered. There is a one-time public offering and once issued, shares of closed-end funds are traded in the
open market through a stock exchange. NAV is equal to total assets less total liabilities divided by the number of shares outstanding. Holdings are subject to change daily. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(2)</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">See Note 8 in the Notes to Financial Statements. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(3)</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Morgan Stanley Capital International (&#147;MSCI&#148;) Korea Index is a market capitalization-weighted index of equity securities of companies domiciled in Korea. The index is
designed to represent the performance of the Korean stock market and excludes certain market segments unavailable to U.S. based investors. The MSCI Korea (Total Return) returns assume reinvestment of dividends (net of foreign withholding taxes)
while the MSCI Korea (Price Return) returns do not and, unlike Fund returns, do not reflect any fees or expenses. The Fund previously reported performance of the MSCI Korea (Custom Benchmark) representing a daily adjustment to the performance
calculation of MSCI Korea if the weight of the semiconductor and semiconductor equipment industry is greater than 25% to account for the fact that the weighting of stocks in the semiconductor and semiconductor industry (including Samsung
Electronics., Ltd. (&#147;Samsung&#148;)) in the MSCI Korea Index exceeded 25%, the maximum weighting permitted by the Fund&#146;s concentration limits. During the period, MSCI reclassified Samsung from the semiconductor and semiconductor equipment
industry to the technology hardware industry. Accordingly, the Fund has terminated the use of the MSCI Korea (Custom Benchmark). Total return for a period of more than one year represents the average annual return. Total return for a period of less
than one year is not annualized. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(4)</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">The Korea Composite Stock Price Index (&#147;KOSPI&#148;) is an unmanaged capitalization-weighted index of all common shares on the Stock Market Division of the Korea Exchange
(formerly the &#147;Korea Stock Exchange&#148;). The KOSPI returns, unlike Fund returns, do not reflect any fees or expenses. It is not possible to invest directly in an index. Total return for a period of more than one year represents the average
annual return. Total return for a period of less than one year is not annualized. </FONT></TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">

<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="28%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">12.31.14</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="1"><FONT STYLE="white-space:nowrap">The&nbsp;Korea&nbsp;Fund,&nbsp;Inc.&nbsp;Semi-Annual&nbsp;Report</FONT></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>5</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>&nbsp;&nbsp;</B></FONT></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><FONT STYLE="font-family:ARIAL" SIZE="2" COLOR="#32406b">The Korea Fund, Inc.</FONT> Schedule of Investments<A NAME="toc864417_3">
</A> </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">December 31, 2014 (unaudited) </FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">


<TR>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="76%"></TD>
<TD VALIGN="bottom"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD></TR>
<TR>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">Shares</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;<FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">Value</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em;"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" COLSPAN="4"> <P STYLE="margin-left:1.00em; text-indent:-1.00em;"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>COMMON STOCK&#150;96.5%</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Aerospace &amp; Defense&#150;4.7%</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">411,693</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Korea Aerospace Industries Ltd.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$&nbsp;&nbsp;14,856,606</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px">&nbsp;</TD></TR>
<TR>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Auto Components&#150;6.3%</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">97,534</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Halla Visteon Climate Control Corp.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">4,297,031</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">271,000</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Hankook Tire Co., Ltd.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">12,878,347</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">17,400</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Hyundai Wia Corp.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">2,781,798</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px">&nbsp;</TD></TR>
<TR>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">19,957,176</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Automobiles&#150;10.2%</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">163,398</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Hyundai Motor Co.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">24,960,037</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">151,671</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Kia Motors Corp.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">7,206,797</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px">&nbsp;</TD></TR>
<TR>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">32,166,834</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Banks&#150;5.9%</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">430,790</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">DGB Financial Group, Inc.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">4,428,146</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">53,026</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Hana Financial Group, Inc.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">1,535,754</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">54,018</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">KB Financial Group, Inc.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">1,766,065</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">272,352</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Shinhan Financial Group Co., Ltd.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">10,947,219</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px">&nbsp;</TD></TR>
<TR>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">18,677,184</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Construction &amp; Engineering&#150;6.6%</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">598,850</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Hyundai Development Co.-Engineering &amp; Construction</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">20,997,971</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Hotels, Restaurants &amp; Leisure&#150;7.4%</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">82,960</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Grand Korea Leisure Co., Ltd.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">2,411,139</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">100,258</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Hotel Shilla Co., Ltd.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">8,316,036</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">598,073</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Paradise Co., Ltd.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">12,748,619</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">23,475,794</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px">&nbsp;</TD></TR>
<TR>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Household Durables&#150;6.9%</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">114,431</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Coway Co., Ltd.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">8,725,544</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">126,183</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Hanssem Co., Ltd.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">13,115,861</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">21,841,405</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px">&nbsp;</TD></TR>
<TR>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Household Products&#150;1.6%</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">9,100</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">LG Household &amp; Health Care Ltd.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">5,157,895</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px">&nbsp;</TD></TR>
<TR>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Insurance&#150;3.3%</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">387,550</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Korean Reinsurance Co.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">3,793,177</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">19,155</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Samsung Fire &amp; Marine Insurance Co., Ltd.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">4,923,157</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">17,250</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Samsung Life Insurance Co., Ltd.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">1,826,582</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px">&nbsp;</TD></TR>
<TR>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">10,542,916</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Internet &amp; Catalog Retail&#150;3.4%</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">853,683</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Interpark Corp.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">7,081,443</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">178,219</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Interpark INT Corp. (b)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">3,687,610</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px">&nbsp;</TD></TR>
<TR>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">10,769,053</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Internet Software &amp; Services&#150;1.6%</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">7,835</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">NAVER Corp.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">5,017,806</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>IT Services&#150;0.7%</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">10,552</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">SK C&amp;C Co., Ltd.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">2,043,642</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Metals &amp; Mining&#150;2.2%</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">18,940</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Korea Zinc Co., Ltd.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">6,922,879</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Multi-line Retail&#150;2.8%</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">54,000</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Shinsegae Co., Ltd.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">8,864,288</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px">&nbsp;</TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">

<TR>
<TD></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="29%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="65%"></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>6</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1"><FONT STYLE="white-space:nowrap">The&nbsp;Korea&nbsp;Fund,&nbsp;Inc.&nbsp;Semi-Annual&nbsp;Report</FONT></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">12.31.14</FONT></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><FONT STYLE="font-family:ARIAL" SIZE="2" COLOR="#32406b">The Korea Fund, Inc.</FONT> Schedule of Investments
</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">December 31, 2014 (unaudited) (continued) </FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">


<TR>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="77%"></TD>
<TD VALIGN="bottom"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD></TR>

<TR>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">Shares</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;<FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">Value</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Semiconductors &amp; Semiconductor Equipment&#150;9.4%</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">697,591</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">SK Hynix, Inc. (b)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$&nbsp;&nbsp;29,811,840</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Technology Hardware, Storage &amp; Peripherals&#150;19.5%</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">51,141</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Samsung Electronics Co., Ltd.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">61,483,961</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Wireless Telecommunication Services&#150;4.0%</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">52,010</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">SK Telecom Co., Ltd.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">12,681,327</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Total Investments</B> (cost&#150;$215,476,682)&nbsp;(a)<B>&#150;96.5%</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">305,268,577</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Other assets less liabilities&#150;3.5%</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">10,985,363</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Net Assets&#150;100.0%</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>$316,253,940</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>&nbsp;&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Notes to Schedule of Investments: </B></FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(a)</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Securities with an aggregate value of $282,506,198, representing 89.3% of net assets, were valued utilizing modeling tools provided by a third-party vendor. See Note&nbsp;1(a)
and Note&nbsp;1(b) in the Notes to Financial Statements. </FONT></TD>
<TD WIDTH="0%"><FONT SIZE="1">&nbsp;</FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(b)</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Non-income producing. </FONT></TD>
<TD WIDTH="0%"><FONT SIZE="1">&nbsp;</FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(c)</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Fair Value Measurements-See Note 1(b) in the Notes to Financial Statements. </FONT></TD>
<TD WIDTH="0%"><FONT SIZE="1">&nbsp;</FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="45%"></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;<FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">Level&nbsp;1&nbsp;&#150;<BR>Quoted&nbsp;Prices</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">Level&nbsp;2&nbsp;&#150;<BR>Other&nbsp;Significant<BR>Observable<BR>Inputs</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">Level&nbsp;3&nbsp;&#150;<BR>Significant<BR>Unobservable<BR>Inputs</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">Value at<BR>12/31/14</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Investments in Securities&#151;Assets</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Common Stock:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Household Products</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">5,157,895</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">&#151;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">&#151;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">5,157,895</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Insurance</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">4,923,157</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">5,619,759</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">&#151;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">10,542,916</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Wireless Telecommunication Services</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">12,681,327</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">&#151;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">&#151;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">12,681,327</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">All Other</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">&#151;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">276,886,439</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">&#151;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">276,886,439</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="10"></TD>
<TD HEIGHT="10" COLSPAN="4"></TD>
<TD HEIGHT="10" COLSPAN="4"></TD>
<TD HEIGHT="10" COLSPAN="4"></TD>
<TD HEIGHT="10" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" STYLE="border-bottom:3px double #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Totals</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="border-bottom:3px double #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" STYLE="border-bottom:3px double #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">22,762,379</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="border-bottom:3px double #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" STYLE="border-bottom:3px double #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">282,506,198</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="border-bottom:3px double #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="border-bottom:3px double #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">&#151;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="border-bottom:3px double #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" STYLE="border-bottom:3px double #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">305,268,577</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">At December&nbsp;31, 2014, securities valued at
$17,604,484 were transferred from Level 2 to Level 1. This transfer was the result of securities trading outside the U.S. whose values were adjusted by the application of a modeling tool at June&nbsp;30, 2014, which was not applied on
December&nbsp;31, 2014. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">

<TR>
<TD WIDTH="65%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="29%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">12.31.14</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="1"><FONT STYLE="white-space:nowrap">The&nbsp;Korea&nbsp;Fund,&nbsp;Inc.&nbsp;Semi-Annual&nbsp;Report</FONT></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>7</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>&nbsp;&nbsp;</B></FONT></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><FONT STYLE="font-family:ARIAL" SIZE="2" COLOR="#32406b">The Korea Fund, Inc.</FONT> Statement of Assets and
Liabilities<A NAME="toc864417_4"></A> </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">December 31, 2014 (unaudited) </FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">


<TR>
<TD WIDTH="80%"></TD>
<TD VALIGN="bottom"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="32" STYLE="BORDER-TOP:1px solid #000000">&nbsp;</TD>
<TD HEIGHT="32" COLSPAN="2" STYLE="BORDER-TOP:1px solid #000000">&nbsp;</TD>
<TD HEIGHT="32" COLSPAN="4" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Assets:</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Investments, at value (cost&#150;$215,476,682)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$305,268,577</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Cash</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">703,603</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Foreign currency, at value (cost&#150;$8,531,008)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">8,536,815</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Dividends receivable (net of foreign withholding taxes)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">2,291,156</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Prepaid expenses</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">71,274</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Total Assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">316,871,425</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Liabilities:</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Payable for shares repurchased</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">317,457</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Investment management fees payable</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">201,631</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Accrued expenses and other liabilities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">98,397</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Total Liabilities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">617,485</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Net Assets</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$316,253,940</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Net Assets:</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Common Stock:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Par value ($0.01 per share, applicable to 7,645,774 shares issued and outstanding)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$76,458</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Paid-in-capital in excess of par</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">227,852,976</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Dividends in excess of net investment income</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(1,664,609)</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Accumulated net realized gain</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">194,335</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Net unrealized appreciation</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">89,794,780</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Net Assets</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$316,253,940</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Net Asset Value Per Share</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$41.36</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
</TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">

<TR>
<TD></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="28%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="63%"></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>8</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1"><FONT STYLE="white-space:nowrap">The&nbsp;Korea&nbsp;Fund,&nbsp;Inc.&nbsp;Semi-Annual&nbsp;Report</FONT></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1">12.31.14</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="1"><B>See accompanying Notes to Financial Statements</B></FONT></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><FONT STYLE="font-family:ARIAL" SIZE="2" COLOR="#32406b">The Korea Fund, Inc.</FONT> Statement of Operations<A NAME="toc864417_5">
</A> </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">December 31, 2014 (unaudited) </FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">


<TR>
<TD WIDTH="80%"></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="32" STYLE="BORDER-TOP:1px solid #000000">&nbsp;</TD>
<TD HEIGHT="32" COLSPAN="2" STYLE="BORDER-TOP:1px solid #000000">&nbsp;</TD>
<TD HEIGHT="32" COLSPAN="4" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Investment Income:</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Dividends (net of foreign withholding taxes of $478,354)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$2,317,934</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Securities lending income, including income from invested cash collateral (net of
rebates)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">147,940</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Interest (net of foreign withholding taxes of $1,039)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">6,393</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Total Investment Income</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">2,472,267</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Expenses:</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Investment management</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">1,325,048</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Directors</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">196,420</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Legal</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">184,015</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Insurance</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">87,422</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Custodian and accounting agent</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">86,001</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Audit and tax services</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">54,765</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Stockholder communications</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">26,390</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">New York Stock Exchange listing</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">13,615</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Transfer agent</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">12,719</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Miscellaneous</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">34,455</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Total Expenses</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">2,020,850</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Net Investment Income</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">451,417</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Realized and Change in Unrealized Gain (Loss):</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Net realized gain (loss) on:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Investments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">9,498,404</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Foreign currency transactions</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(576,509)</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Net change in unrealized appreciation/depreciation of:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Investments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(57,300,929)</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Foreign currency transactions</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(10,782)</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Net realized and change in unrealized loss</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(48,389,816)</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Net Decrease in Net Assets Resulting from Investment Operations</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$(47,938,399)</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
</TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">

<TR>
<TD WIDTH="63%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="28%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>See&nbsp;accompanying&nbsp;Notes&nbsp;to&nbsp;Financial&nbsp;Statements</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1">12.31.14</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="1"><FONT STYLE="white-space:nowrap">The&nbsp;Korea&nbsp;Fund,&nbsp;Inc.&nbsp;Semi-Annual&nbsp;Report</FONT></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>9</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>&nbsp;&nbsp;</B></FONT></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><FONT STYLE="font-family:ARIAL" SIZE="2" COLOR="#32406b">The Korea Fund, Inc.</FONT> Statement of Changes in Net
Assets<A NAME="toc864417_6"></A> </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">


<TR>
<TD WIDTH="60%"></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="32" STYLE="BORDER-TOP:1px solid #000000">&nbsp;</TD>
<TD HEIGHT="32" COLSPAN="2" STYLE="BORDER-TOP:1px solid #000000">&nbsp;</TD>
<TD HEIGHT="32" COLSPAN="4" STYLE="BORDER-TOP:1px solid #000000">&nbsp;</TD>
<TD HEIGHT="32" COLSPAN="2" STYLE="BORDER-TOP:1px solid #000000">&nbsp;</TD>
<TD HEIGHT="32" COLSPAN="4" STYLE="BORDER-TOP:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1">Six Months</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1">ended</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1">December&nbsp;31,&nbsp;2014<BR>(unaudited)</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">Year ended<BR>June&nbsp;30, 2014</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Investment Operations:</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Net investment income (loss)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$451,417</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$(1,194,476)</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Net realized gain</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">8,921,895</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">22,454,854</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Net change in unrealized appreciation/depreciation</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(57,311,711)</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">49,790,777</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Net increase (decrease) in net assets resulting from investment operations</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(47,938,399)</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">71,051,155</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Common Stock Transactions:</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Cost of shares repurchased</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(13,954,126)</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(27,733,354)</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Total increase (decrease) in net assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(61,892,525)</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">43,317,801</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Net Assets:</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Beginning of period</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">378,146,465</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">334,828,664</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">End of period*</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$316,253,940</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$378,146,465</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">*Including dividends in excess of net investment income of:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$(1,664,609)</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$(2,116,026)</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Shares Activity:</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Shares outstanding, beginning of period</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">7,988,733</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">8,689,284</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Shares repurchased</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(342,959)</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(700,551)</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Shares outstanding, end of period</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">7,645,774</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">7,988,733</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
</TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">

<TR>
<TD></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="28%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="62%"></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>10</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1"><FONT STYLE="white-space:nowrap">The&nbsp;Korea&nbsp;Fund,&nbsp;Inc.&nbsp;Semi-Annual&nbsp;Report</FONT></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1">12.31.14</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="1"><B>See accompanying Notes to Financial Statements</B></FONT></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><FONT STYLE="font-family:ARIAL" SIZE="2" COLOR="#32406b">The Korea Fund, Inc.</FONT> Notes to Financial Statements<A NAME="toc864417_7">
</A> </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">December 31, 2014 (unaudited) </FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>1. Organization and Significant Accounting Policies </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">The Korea Fund, Inc. (the &#147;Fund&#148;) is registered under the Investment Company Act of 1940 and the rules and regulations thereunder, as amended, as a
closed-end, non-diversified management investment company organized as a Maryland corporation, and accordingly, follows the investment company accounting and reporting guidance of the Financial Accounting Standards Board (&#147;FASB&#148;)
Accounting Standard Codification Topic 946 Financial Services&#151;Investment Companies. The Fund has authorized 200&nbsp;million shares of common stock with $0.01 par value. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">The Fund&#146;s investment objective is to seek long-term capital appreciation through
investment in securities, primarily equity securities, of Korean companies. There can be no assurance that the Fund will meet its stated objective. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">The preparation of the Fund&#146;s financial statements in accordance with accounting principles generally accepted in the United States of America (&#147;U.S.
GAAP&#148;) requires the Fund&#146;s management to make estimates and assumptions that affect the reported amounts and disclosures in the Fund&#146;s financial statements. Actual results could differ from those estimates. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">In the normal course of business, the Fund enters into contracts that contain a
variety of representations that provide general indemnifications. The Fund&#146;s maximum exposure under these arrangements is unknown as this would involve future claims that may be made against the Fund that have not yet occurred. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">In June 2014, the FASB issued an Accounting Standards Update (&#147;ASU&#148;) that
expands secured borrowing accounting for certain repurchase agreements. The ASU also sets forth additional disclosure requirements for certain transactions accounted for as sales, in order to provide financial statement users with information to
compare to similar transactions accounted for as secured borrowings. The ASU is effective prospectively during interim or annual periods beginning after December&nbsp;15, 2014. At this time, management is evaluating the implications of these changes
on the Fund&#146;s financial statements. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">The following is a summary of
significant accounting policies consistently followed by the Fund: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>(a)
Valuation of Investments </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">Portfolio securities and other financial instruments for which market quotations are readily available are stated at market
value. Market value is generally determined on the basis of official closing prices, last reported sales prices, or if no sales or closing prices are reported, on the basis of quotes obtained from a quotation reporting system, established market
makers, or independent pricing services. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">Portfolio securities and other
financial instruments for which market quotations are not readily available, or for which a development/event occurs that may significantly impact the value of a security, are fair-valued, in good faith, pursuant to procedures established by the
Board of Directors (the &#147;Board&#148;), or persons acting at their discretion pursuant to procedures established by the Board. The Fund&#146;s investments are valued daily and the net asset value (&#147;NAV&#148;) is calculated as of the close
of regular trading (normally 4:00 p.m. Eastern time) on the New York Stock Exchange (&#147;NYSE&#148;) on each day the NYSE is open for business using prices supplied by an independent pricing service or broker/dealer quotations, or by using the
last sale settlement price on the exchange that is the primary market for such securities, or the mean between the last bid and ask quotations. For foreign equity securities (with certain exceptions, if any), the Fund fair values its securities
daily using modeling tools provided by a statistical research service. This service utilizes statistics and programs based on historical performance of markets and other economic data (which may include changes in the value of U.S. securities or
security indices). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px;padding-bottom:0px; "><FONT STYLE="font-family:ARIAL" SIZE="1">Short-term debt instruments
maturing in 60 days or less are valued at amortized cost, if their original term to maturity was 60 days or less, or by amortizing premium or discount based on their value on the
61<SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">st</SUP> day prior to maturity, if the original term to maturity exceeded 60 days. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">Investments initially valued in currencies other than the U.S. dollar are converted to the U.S. dollar using exchange rates obtained from pricing services. As a
result, the NAV of the Fund&#146;s shares may be affected by changes in the value of currencies in relation to the U.S. dollar. The value of securities traded in markets outside the United States or denominated in currencies other than the U.S.
dollar may be affected significantly on a day that the NYSE is closed. The prices used by the Fund to value securities may differ from the value that would be realized if the securities were sold and these differences could be material to the
Fund&#146;s financial statements. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>(b) Fair Value Measurements
</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (<I>i.e.</I> the &#147;exit price&#148;)
in an orderly transaction between market participants. The three levels of the fair value hierarchy are described below: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">Level 1&#151;quoted prices in active markets for identical investments that the Fund has the ability to access </FONT></P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">Level 2&#151;valuations based on other significant observable inputs, which may include, but are not limited to, quoted prices for similar assets or liabilities,
interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates or other market corroborated inputs </FONT></P></TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">

<TR>
<TD WIDTH="65%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="28%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">12.31.14</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="1"><FONT STYLE="white-space:nowrap">The&nbsp;Korea&nbsp;Fund,&nbsp;Inc.&nbsp;Semi-Annual&nbsp;Report</FONT></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>11</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>&nbsp;&nbsp;</B></FONT></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><FONT STYLE="font-family:ARIAL" SIZE="2" COLOR="#32406b">The Korea Fund, Inc.</FONT> Notes to Financial Statements
</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">December 31, 2014 (unaudited) (continued) </FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>1. Organization and Significant Accounting Policies </B>(continued)<B> </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">Level 3&#151;valuations based on significant unobservable inputs (including Allianz Global Investors U.S. LLC&#146;s (the &#147;Investment Manager&#148; or
&#147;AllianzGI U.S.&#148;) and the Valuation Committee&#146;s own assumptions and securities whose price was determined by using a single broker&#146;s quote) </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">The valuation techniques used by the Fund to measure fair value during the six months
ended December&nbsp;31, 2014 were intended to maximize the use of observable inputs and to minimize the use of unobservable inputs. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">The Fund&#146;s policy is to recognize transfers between levels at the end of the reporting period. An investment asset&#146;s or liability&#146;s level within the
fair value hierarchy is based on the lowest level input, individually or in aggregate, that is significant to the fair value measurement. The objective of fair value measurement remains the same even when there is a significant decrease in the
volume and level of activity for an asset or liability and regardless of the valuation techniques used. Investments categorized as Level 1 or 2 as of period end may have been transferred between Levels 1 and 2 since the prior period due to changes
in the valuation method utilized in valuing the investments. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">The inputs or
methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. The following are certain inputs and techniques that the Fund generally uses to evaluate how to classify each major
category of assets and liabilities within Level 2 and Level 3, in accordance with U.S. GAAP. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="1"><B>Equity Securities (Common Stock)</B>&#151;Equity securities traded in inactive markets and certain foreign equity securities are valued using inputs which include broker-dealer quotes, recently executed
transactions adjusted for changes in the benchmark index, or evaluated price quotes received from independent pricing services that take into account the integrity of the market sector and issuer, the individual characteristics of the security, and
information received from broker-dealers and other market sources pertaining to the issuer or security. To the extent that these inputs are observable, the values of equity securities are categorized as Level 2. To the extent that these inputs are
unobservable, the values are categorized as Level 3. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>(c) Investment
Transactions and Investment Income </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">Investment transactions are accounted for on the trade date. Realized gains and losses on investments are
determined on an identified cost basis. Interest income on uninvested cash is recorded upon receipt. Dividend income is recorded on the ex-dividend date. Korean-based corporations have generally adopted calendar year-ends, and their interim and
final corporate actions are normally approved, finalized and announced by their boards of directors and stockholders in the first and third quarters of each calendar year. Generally, estimates of their dividends are accrued on the ex-dividend date
principally in the prior December and/or June period ends. These dividend announcements are recorded by the Fund on such ex-dividend dates. Any subsequent adjustments thereto by Korean corporations are recorded when announced. Presently, dividend
income from Korean equity investments is earned primarily in the last calendar quarter of each year, and will be received primarily in the first calendar quarter of the following year. Certain other dividends and related withholding taxes, if
applicable, from Korean securities may be recorded subsequent to the ex-dividend date as soon as the Fund is informed of such dividends and taxes. Dividend and interest income on the Statement of Operations are shown net of any foreign taxes
withheld on income from foreign securities. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>(d) Federal Income Taxes
</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">The Fund intends to distribute all of its taxable income and to comply with the other requirements of Subchapter M of the U.S. Internal Revenue Code
of 1986, as amended, applicable to regulated investment companies. Accordingly, no provision for U.S. federal income taxes is required. The Fund may be subject to excise tax based on distributions to shareholders. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">Accounting for uncertainty in income taxes establishes for all entities, including
pass-through entities such as the Fund, a minimum threshold for financial statement recognition of the benefit of positions taken in filing tax returns (including whether an entity is taxable in a particular jurisdiction), and requires certain
expanded tax disclosures. In accordance with provisions set forth under U.S. GAAP, the Investment Manager has reviewed the Fund&#146;s tax positions for all open tax years. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">As of December&nbsp;31, 2014, the Fund has recorded no liability for net unrecognized
tax benefits relating to uncertain income tax positions they have taken. The Fund&#146;s federal income tax returns for the prior three years remain subject to examination by the Internal Revenue Service. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>(e) Foreign Investment and Exchange Controls in Korea </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">The Foreign Exchange Transaction Act, the Presidential Decree relating to such Act and the regulations of the Minister of Strategy and Finance (formerly known as
Minister of Finance and Economy) issued thereunder impose certain limitations and controls which generally affect foreign investors in Korea. Through August&nbsp;18, 2005, the Fund had a license from the Ministry of Finance and Economy to invest in
Korean securities and to repatriate income received from dividends and interest earned on, and net realized capital gains from, its investments in Korean securities or to repatriate from investment principal up to 10% of the net asset value (taken
at current value) of the Fund (except upon </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">

<TR>
<TD></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="28%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="65%"></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>12</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1"><FONT STYLE="white-space:nowrap">The&nbsp;Korea&nbsp;Fund,&nbsp;Inc.&nbsp;Semi-Annual&nbsp;Report</FONT></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">12.31.14</FONT></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><FONT STYLE="font-family:ARIAL" SIZE="2" COLOR="#32406b">The Korea Fund, Inc.</FONT> Notes to Financial Statements
</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">December 31, 2014 (unaudited) (continued) </FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>1. Organization and Significant Accounting Policies </B>(continued)<B> </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">
termination of the Fund, or for expenses in excess of Fund income, in which case the foregoing restriction shall not apply). Under the Foreign Exchange Transaction Act, the Minister of Strategy
and Finance has the power, with prior (posterior in case of urgency) public notice of scope and duration, to suspend all or a part of foreign exchange transactions when emergency measures are deemed necessary in case of radical change in the
international or domestic economic situation. The Fund could be adversely affected by delays in, or the refusal to grant, any required governmental approval for such transactions. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">The Fund relinquished its license from the Korean Ministry of Finance and Economy
effective August&nbsp;19, 2005. The Fund had engaged in negotiations with the Korean Ministry of Finance and Economy concerning the feasibility of the Fund&#146;s license being amended to allow the Fund to repatriate more than 10% of Fund capital.
However, the Ministry of Finance and Economy advised the Fund that the license cannot be amended as a result of a change in the Korean regulations. As a result of the relinquishment of the license, the Fund is subject to the Korean securities
transaction tax equal to 0.3% of the fair market value of any portfolio securities transferred by the Fund on the Korea Exchange and 0.5% of the fair market value of any portfolio securities transferred outside of the Korea Exchange. The
relinquishment did not otherwise affect the Fund&#146;s operations. For the six months ended December&nbsp;31, 2014, the Fund incurred $328,087 in transaction taxes in connection with portfolio securities transferred by the Fund on the Korea
Exchange. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">Certain securities held by the Fund may be subject to aggregate
or individual foreign ownership limits. These holdings are in industries that are deemed to be of national importance. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>(f)&nbsp;Dividends and Distributions </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">The Fund declares
dividends from net investment income and distributions of net realized capital gains, if any, at least annually. The Fund records dividends and distributions on the ex-dividend date. The amount of dividends from net investment income and
distributions from net realized capital gains is determined in accordance with federal income tax regulations, which may differ from U.S. GAAP. These &#147;book-tax&#148; differences are considered either temporary or permanent in nature. To the
extent these differences are permanent in nature, such amounts are reclassified within the capital accounts based on their federal income tax treatment; temporary differences do not require reclassification. To the extent dividends and/or
distributions exceed current and accumulated earnings and profits for federal income tax purposes, they are reported as dividends and/or distributions to stockholders from return of capital. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>(g)&nbsp;Foreign Currency Translation </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="1">The Fund&#146;s accounting records are maintained in U.S. dollars as follows: (1)&nbsp;the foreign currency market values of investments and other assets and liabilities denominated in foreign currencies are
translated at the prevailing exchange rate at the end of the period; and (2)&nbsp;purchases and sales, income and expenses are translated at the prevailing exchange rate on the respective dates of such transactions. The resulting net foreign
currency gain (loss) is included in the Fund&#146;s Statement of Operations. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">The Fund does not generally isolate that portion of the results of operations arising as a result of changes in foreign currency exchange rates from the
fluctuations arising from changes in the market prices of securities. Accordingly, such foreign currency gain (loss) is included in net realized and unrealized gain (loss) on investments. However, the Fund does isolate the effect of fluctuations in
foreign currency exchange rates when determining the gain (loss) upon the sale or maturity of foreign currency denominated debt obligations pursuant to U.S. federal income tax regulations; such amount is categorized as foreign currency gain (loss)
for both financial reporting and income tax reporting purposes. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">At
December&nbsp;31, 2014, the Korean WON/U.S. $ exchange rate was WON 1,099.15 to U.S. $1. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="1"><B>(h) Securities Lending </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">The Fund may engage in securities lending. The loans are secured by collateral at least
equal, at all times, to the market value of the loaned securities. During the term of the loan, the Fund will continue to receive any dividends or amounts equivalent thereto, on the loaned securities while receiving a fee from the borrower and/or
earning interest on the investment of the cash collateral. Securities lending income is disclosed as such in the Statement of Operations. Income generated from the investment of cash collateral, less negotiated rebate fees paid to borrowers and
transaction costs, is allocated between the Fund and securities lending agent. Cash collateral received for securities on loan is invested in securities identified in the Schedule of Investments and the corresponding liability is recognized as such
in the Statement of Assets and Liabilities. Loans are subject to termination at the option of the borrower or the Fund. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">Upon termination of the loan, the borrower will return to the lender securities identical to the loaned securities. The Fund may pay reasonable finders&#146;,
administration and custodial fees in connection with a loan of its securities and may share the interest earned on the collateral with the borrower. The Fund bears the risk of delay in recovery of, or even loss of rights in, the securities loaned
should the borrower of the securities fail financially. The Fund also bears the risk of loss in the event the securities purchased with cash collateral depreciate in value. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">The Fund did not have any securities on loan at December&nbsp;31, 2014. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">

<TR>
<TD WIDTH="65%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="28%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">12.31.14</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="1"><FONT STYLE="white-space:nowrap">The&nbsp;Korea&nbsp;Fund,&nbsp;Inc.&nbsp;Semi-Annual&nbsp;Report</FONT></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>13</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>&nbsp;&nbsp;</B></FONT></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><FONT STYLE="font-family:ARIAL" SIZE="2" COLOR="#32406b">The Korea Fund, Inc.</FONT> Notes to Financial Statements
</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">December 31, 2014 (unaudited) (continued) </FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>2. Principal Risks </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="1">In the normal course of business, the Fund trades financial instruments and enters into financial transactions where risk of potential loss exists due to, among other things, changes in the market (market risk) or
failure of the other party to a transaction to perform (counterparty risk). The Fund is also exposed to other risks such as, but not limited to, foreign currency risk. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">To the extent the Fund directly invests in foreign currencies or in securities that
trade in, and receive revenues in, foreign currencies, or in derivatives that provide exposure to foreign currencies, it will be subject to the risk that those currencies will decline in value relative to the U.S. dollar, or, in the case of hedging
positions, that the U.S. dollar will decline in value relative to the currency being hedged. Currency rates in foreign countries may fluctuate significantly over short periods of time for a number of reasons, including economic growth, inflation,
changes in interest rates, intervention (or the failure to intervene) by U.S. or foreign governments, central banks or supranational entities such as the International Monetary Fund, or the imposition of currency controls or other political
developments in the United States or abroad. As a result, the Fund&#146;s investments in foreign currency-denominated securities may reduce the returns of the Fund. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">The Fund is subject to elements of risk not typically associated with investments in
the U.S., due to concentrated investments in foreign issuers located in a specific country or region. Such concentrations will subject the Fund to additional risks resulting from future political or economic conditions in such country or region and
the possible imposition of adverse governmental laws or currency exchange restrictions affecting such country or region, which could cause the securities and their markets to be less liquid and prices more volatile than those of comparable U.S.
companies. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">The market values of securities may decline due to general
market conditions (market risk) which are not specifically related to a particular company, such as real or perceived adverse economic conditions, changes in the general outlook for corporate earnings, changes in interest or currency rates, adverse
changes to credit markets or adverse investor sentiment. They may also decline due to factors that affect a particular industry or industries, such as labor shortages or increased production costs and competitive conditions within an industry.
Equity securities and equity-related investments generally have greater market price volatility than fixed income securities, although under certain market conditions fixed income securities may have comparable or greater price volatility. Credit
ratings downgrades may also negatively affect securities held by the Fund. Even when markets perform well, there is no assurance that the investments held by the Fund will increase in value along with the broader market. In addition, market risk
includes the risk that geopolitical events will disrupt the economy on a national or global level. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="1">The Fund is exposed to counterparty risk, or the risk that an institution or other entity with which the Fund has unsettled or open transactions will default. The potential loss to the Fund could exceed the value
of the financial assets recorded in the Fund&#146;s financial statements. Financial assets, which potentially expose the Fund to counterparty risk, consist principally of cash due from counterparties and investments. The Investment Manager seeks to
minimize the Fund&#146;s counterparty risk by performing reviews of each counterparty and by minimizing concentration of counterparty risk by undertaking transactions with multiple customers and counterparties on recognized and reputable exchanges.
Delivery of securities sold is only made once the Fund has received payment. Payment is made on a purchase once the securities have been delivered by the counterparty. The trade will fail if either party fails to meet its obligation. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>3. Investment Manager/Sub-Administrator </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">The Fund has an Investment Management Agreement (the &#147;Management Agreement&#148;) with the Investment Manager. Subject to the supervision of the Fund&#146;s
Board, the Investment Manager is responsible for managing, either directly or through others selected by it, the Fund&#146;s investment activities, business affairs, and other administrative matters. Pursuant to the Management Agreement, the
Investment Manager receives an annual fee, payable monthly, at the annual rate of 0.75% of the value of the Fund&#146;s average daily net assets up to $250 million; 0.725% of the next $250 million of average daily net assets; 0.70% of the next $250
million of average daily net assets; 0.675% of the next $250 million of average daily net assets and 0.65% of average daily net assets in excess of $1 billion. For the six months ended December&nbsp;31, 2014, the Fund paid investment management fees
at an effective rate of 0.74% of the Fund&#146;s average daily net assets. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">The Investment Manager has retained its affiliate, Allianz Global Investors Fund Management LLC (the &#147;Sub-Administrator&#148; or &#147;AGIFM&#148;) to provide
administrative services to the Fund. The Investment Manager, and not the Fund, pays a portion of the fee it receives as Investment Manager to the Sub-Administrator in return for its services. The Investment Manager and Sub-Administrator are indirect
wholly-owned subsidiaries of Allianz SE, a publicly traded European insurance and financial services company. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>4. Investments in Securities </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">For the six months ended December&nbsp;31, 2014, purchases and sales of
investments, other than short-term securities were $85,962,031 and $108,900,646, respectively. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">

<TR>
<TD></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="28%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="65%"></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>14</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1"><FONT STYLE="white-space:nowrap">The&nbsp;Korea&nbsp;Fund,&nbsp;Inc.&nbsp;Semi-Annual&nbsp;Report</FONT></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">12.31.14</FONT></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><FONT STYLE="font-family:ARIAL" SIZE="2" COLOR="#32406b">The Korea Fund, Inc.</FONT> Notes to Financial Statements
</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">December 31, 2014 (unaudited) (continued) </FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>5. Income Tax Information </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">At December&nbsp;31, 2014, the cost basis of portfolio securities for federal income tax purposes was $215,725,021. Gross unrealized appreciation was $103,708,890;
gross unrealized depreciation was $14,165,334; and net unrealized appreciation was $89,543,556. The difference between book and tax cost basis was attributable to wash sale loss deferrals. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>6. Discount Management Program </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">The Fund has a share repurchase program under which the Fund repurchases its common stock in the open market on any day that the Fund&#146;s shares are trading at a
discount of 8% or more from NAV the prior day and there is a daily average discount of 8% or more from NAV over the 5-day period ending the prior day. On each day that shares are repurchased, the Fund repurchases its shares to the maximum extent
permitted by law unless the Investment Manager determines that such a repurchase would be detrimental to the Fund and its stockholders. In addition, on a day that shares can be repurchased, in addition to the limits set forth above, the Fund will
repurchase shares only at such times that the market price represents a discount of 8% or more from the Fund&#146;s closing NAV on the prior day. Under the program, the Fund is authorized to repurchase in each twelve month period ended June&nbsp;30
up to 10% of its common stock outstanding as of June&nbsp;30 the prior year. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">For the six months ended December&nbsp;31, 2014, the Fund repurchased 342,959 shares of its common stock on the open market at a total cost, inclusive of
commissions ($0.03 per share), of $13,954,126 at a per-share weighted average discount to NAV of 9.10%. For the year ended June&nbsp;30, 2014, the Fund repurchased 700,551 shares of its common stock on the open market at a total cost, inclusive of
commissions ($0.03 per share), of $27,733,354 at a per-share weighted average discount to NAV of 9.38%. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>7. Fund Ownership </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">At December&nbsp;31, 2014, the City of London Investment Group PLC, Lazard Asset Management
LLC, Advance Emerging Capital and 1607 Capital Partners held approximately 28%, 14%, 9% and 7%, respectively, of the Fund&#146;s outstanding shares. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>8. Fund Shares Issued </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">On December&nbsp;22, 2008, the Fund
declared a capital gain distribution of $90.30 per share. The distribution was made in newly issued Fund shares, based on the Fund&#146;s market price per share on January&nbsp;26, 2009 (&#147;Pricing Date&#148;), unless a cash election was made.
The total cash distribution was limited to 20% of the aggregate dollar amount of the total distribution (excluding any cash paid in lieu of fractional shares). On January&nbsp;29, 2009 (the payable date) the Fund issued 8,007,555 shares based on the
market price of $21.99 per share on the Pricing Date. NAV total return for periods that include December 2008 and January 2009 had been calculated assuming that this capital gain distribution was paid entirely in newly issued Fund shares priced at
the Fund&#146;s NAV at the close of business on the Pricing Date. In addition, the Fund adjusted its NAV on December&nbsp;31, 2008 for purposes of calculating performance by using the actual number of shares outstanding on such date (excluding any
estimate of shares to be issued upon reinvestment). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>9. Subsequent
Events </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">In preparing these financial statements, the Fund&#146;s management has evaluated events and transactions for potential recognition or
disclosure through the date the financial statements were issued. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">There
were no subsequent events that require recognition or disclosure. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">

<TR>
<TD WIDTH="65%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="28%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">12.31.14</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="1"><FONT STYLE="white-space:nowrap">The&nbsp;Korea&nbsp;Fund,&nbsp;Inc.&nbsp;Semi-Annual&nbsp;Report</FONT></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>15</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>&nbsp;&nbsp;</B></FONT></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><FONT STYLE="font-family:ARIAL" SIZE="2" COLOR="#32406b">The Korea Fund, Inc.</FONT> Financial Highlights<A NAME="toc864417_8">
</A> </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">For a share of stock outstanding throughout each period: </FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">


<TR>
<TD WIDTH="42%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD></TR>
<TR>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000">&nbsp;<FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000">&nbsp;<FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1">Six
Months<BR>ended<BR>December&nbsp;31,</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1">2014</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT
STYLE="font-family:ARIAL" SIZE="1">(unaudited)</FONT></P></TD>
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-TOP:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000">&nbsp;<FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="26" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">Year ended June&nbsp;30,</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">2014</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">2013</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">2012</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">2011</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">2010</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Net asset value, beginning of period</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$47.33</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$38.53</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$40.51</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$54.59</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$38.54</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$29.41</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Investment Operations:</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Net investment income (loss)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">0.06</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">(1)&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(0.14</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">)(1)&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(0.13</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">)(1)&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(0.14</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">)&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">0.01</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">0.02</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Net realized and change in unrealized gain (loss)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(6.24</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">)&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">8.56</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(2.26</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">)&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(8.72</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">)&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">16.29</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">9.01</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Total from investment operations</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(6.18</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">)&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">8.42</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(2.39</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">)&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(8.86</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">)&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">16.30</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">9.03</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Dividends and Distributions to Stockholders from:</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Net investment income</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">&#151;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">&#151;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">&#151;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">&#151;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(0.30</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">)&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">&#151;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Net realized gains</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">&#151;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">&#151;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">&#151;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(5.45</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">)&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">&#151;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">&#151;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Total dividends and distributions to stockholders</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">&#151;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">&#151;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">&#151;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(5.45</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">)&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(0.30</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">)&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">&#151;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Common Stock Transactions:</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Accretion to net asset value resulting from share repurchases</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">0.21</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">0.38</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">0.41</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">0.23</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">0.05</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">0.10</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Net asset value, end of period</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$41.36</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$47.33</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$38.53</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$40.51</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$54.59</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$38.54</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Market price, end of period</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$37.52</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$42.72</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$34.47</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$36.56</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$49.27</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$34.74</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Total Return:</B> (2)<B></B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Net asset value</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(12.61</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">)%&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">22.84</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(4.89</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">)%&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(15.25</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">)%&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">42.52</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">31.04</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Market price</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(12.17</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">)%&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">23.93</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(5.72</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">)%&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(15.59</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">)%&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">42.75</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">26.65</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>RATIOS/SUPPLEMENTAL DATA:</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Net assets, end of period (000s)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$316,254</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$378,146</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$334,829</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$387,629</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$549,089</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$393,365</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Ratio of expenses to average net assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">1.13</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">%(3)&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">1.13</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">1.14</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">1.12</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">1.10</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">1.19</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Ratio of net investment income (loss) to average net assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">0.25</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">%(3)&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(0.33</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">)%&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(0.31</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">)%&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(0.29</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">)%&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">0.02</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">0.05</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Portfolio turnover rate</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">25</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">60</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">35</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">43</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">83</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">89</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(1)</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Calculated on average shares outstanding during the period. </FONT></TD>
<TD WIDTH="0%"><FONT SIZE="1">&nbsp;</FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(2)</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Total return is calculated by subtracting the value of an investment in the Fund at the beginning of the specified period from the value at the end of the period and dividing the
remainder by the value of the investment at the beginning of the period and expressing the result as a percentage. The calculation assumes that all dividends and distributions, if any, have been reinvested. Total return does not reflect broker
commissions or sales charges in connection with the purchase or sale of Fund shares. Total return may reflect adjustments to conform to U.S. GAAP. Total investment return for a period of less than one year is not annualized. </FONT></TD>
<TD WIDTH="0%"><FONT SIZE="1">&nbsp;</FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(3)</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Annualized. </FONT></TD>
<TD WIDTH="0%"><FONT SIZE="1">&nbsp;</FONT></TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">

<TR>
<TD></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="28%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="62%"></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>16</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1"><FONT STYLE="white-space:nowrap">The&nbsp;Korea&nbsp;Fund,&nbsp;Inc.&nbsp;Semi-Annual&nbsp;Report</FONT></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1">12.31.14</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="1"><B>See&nbsp;accompanying&nbsp;Notes&nbsp;to&nbsp;Financial&nbsp;Statements</B></FONT></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><FONT STYLE="font-family:ARIAL" SIZE="2" COLOR="#32406b">The Korea Fund, Inc.
</FONT><A NAME="toc864417_9"></A>Stockholder Meeting Results/Proxy Voting Policies&nbsp;&amp; </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:18%"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Procedures</B></FONT><FONT
STYLE="font-family:ARIAL" SIZE="2"> (unaudited)</FONT><FONT STYLE="font-family:ARIAL" SIZE="2"><B> </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>Stockholder Meeting Results: </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">The
Fund held its annual meeting of stockholders on October&nbsp;30, 2014. Stockholders voted as indicated below: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="72%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;<FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">Affirmative</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">Against</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">Abstain</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Re-election of Christopher B. Brader &#151; Class II to serve until 2017</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">6,505,432</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">178,546</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">76,559</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="line-height:8px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000;width:10%">&nbsp;</P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">Ms.&nbsp;Marran&nbsp;H. Ogilvie and Messrs. Joseph T. Grause, Jr., Julian Reid and Richard A. Silver continue to serve as Directors of the Fund. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="line-height:1px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000">&nbsp;</P>
<P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Proxy Voting Policies&nbsp;&amp; Procedures: </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">A description of the policies and procedures that the Fund has adopted to determine
how to vote proxies relating to portfolio securities and information about how the Fund voted proxies relating to portfolio securities held during the most recent twelve month period ended June&nbsp;30 is available (i)&nbsp;without charge, upon
request, by calling the Fund&#146;s stockholder servicing agent at (800)&nbsp;254-5197; (ii)&nbsp;on the Fund&#146;s website at www.thekoreafund.com; and (iii)&nbsp;on the Securities and Exchange Commission website at www.sec.gov. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">

<TR>
<TD WIDTH="65%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="28%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">12.31.14</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="1"><FONT STYLE="white-space:nowrap">The&nbsp;Korea&nbsp;Fund,&nbsp;Inc.&nbsp;Semi-Annual&nbsp;Report</FONT></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>17</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>&nbsp;&nbsp;</B></FONT></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><FONT STYLE="font-family:ARIAL" SIZE="2" COLOR="#32406b">The Korea Fund, Inc.</FONT>
<A NAME="toc864417_9a"></A>Privacy Policy </B></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">(unaudited)</FONT><FONT STYLE="font-family:ARIAL" SIZE="2"><B> </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Our Commitment to You </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">We consider customer privacy to be a
fundamental aspect of our relationship with stockholders and are committed to maintaining the confidentiality, integrity and security of our current, prospective and former stockholders&#146; personal information. To ensure our stockholders&#146;
privacy, we have developed policies that are designed to protect this confidentiality, while allowing stockholders&#146; needs to be served. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Obtaining Personal Information </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">In the course of providing
stockholders with products and services, we may obtain non-public personal information about stockholders, which may come from sources such as account applications and other forms, from other written, electronic or verbal correspondence, from
stockholder transactions, from a stockholder&#146;s brokerage or financial advisory firm, financial adviser or consultant, and/or from information captured on our internet websites. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Respecting Your Privacy </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">As a
matter of policy, we do not disclose any personal or account information provided by stockholders or gathered by us to non-affiliated third parties, except as required for our everyday business purposes, such as to process transactions or service a
stockholder&#146;s account, or as otherwise permitted by law. As is common in the industry, non-affiliated companies may from time to time be used to provide certain services, such as preparing and mailing prospectuses, reports, account statements
and other information, and gathering stockholder proxies. We may also retain non-affiliated financial services providers, such as broker-dealers, to market our shares or products and we may enter into joint-marketing arrangements with them and other
financial companies. We may also retain marketing and research service firms to conduct research on stockholder satisfaction. These companies may have access to a stockholder&#146;s personal and account information, but are permitted to use this
information solely to provide the specific service or as otherwise permitted by law. We may also provide a stockholder&#146;s personal and account information to their respective brokerage or financial advisory firm, Custodian, and/or to their
financial advisor or consultant. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Sharing Information with Third Parties
</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">We reserve the right to disclose or report personal information to non-affiliated third parties, in limited circumstances, where we believe in good
faith that disclosure is required under law to cooperate with regulators or law enforcement authorities, to protect our rights or property or upon reasonable request by any Fund in which a stockholder has chosen to invest. In addition, we may
disclose information about a stockholder or stockholder&#146;s accounts to a non-affiliated third party only if we receive a stockholder&#146;s written request or consent. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Sharing Information with Affiliates </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">We may share stockholder information with our affiliates in connection with our affiliates&#146; everyday business purposes, such as servicing a stockholder&#146;s
account, but our affiliates may not use this information to market products and services to you except in conformance with applicable laws or regulations. The information we share includes information about our experiences and transactions with a
stockholder and may include, for example, a stockholder&#146;s participation in one of the Funds or in other investment programs, a stockholder&#146;s ownership of certain types of accounts (such as IRAs), or other data about a stockholder&#146;s
transactions or accounts. Our affiliates, in turn, are not permitted to share stockholder information with non-affiliated entities, except as required or permitted by law. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Procedures to Safeguard Private Information </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">We take seriously the obligation to safeguard stockholder non-public personal information. In addition to this policy, we have also implemented procedures that are
designed to restrict access to a stockholder&#146;s non-public personal information only to internal personnel who need to know that information in order to provide products or services to such stockholders. In addition, we have physical, electronic
and procedural safeguards in place to guard a stockholder&#146;s non-public personal information. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="1"><B>Disposal of Confidential Records </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">We will dispose of records, if any, that are knowingly derived from data
received from a consumer reporting agency regarding a shareholder that is an individual in a manner that ensures the confidentiality of the data is maintained. Such records include, among other things, copies of consumer reports and notes of
conversations with individuals at consumer reporting agencies. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">

<TR>
<TD></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="28%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="65%"></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>18</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1"><FONT STYLE="white-space:nowrap">The&nbsp;Korea&nbsp;Fund,&nbsp;Inc.&nbsp;Semi-Annual&nbsp;Report</FONT></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">12.31.14</FONT></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><FONT STYLE="font-family:ARIAL" SIZE="2" COLOR="#32406b">The Korea Fund, Inc.
</FONT><A NAME="toc864417_10"></A>Matters Relating to the Directors&#146; Consideration of the </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:18%"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Investment Management Agreement
</B>(unaudited)<B> </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">The Investment Company Act of 1940 requires that
both the full Board of Directors and a majority of the Directors who are not &#147;interested persons&#148; of the Investment Manager and its affiliates (the &#147;Independent Directors&#148;), voting separately, annually approve the continuation of
your Fund&#146;s investment management agreement (the &#147;Management Agreement&#148;) with the Investment Manager. Your Fund&#146;s Board is comprised of five Directors, all of whom are Independent Directors. At an in-person meeting held on
October&nbsp;30, 2014, the Board approved the renewal of the Management Agreement. The Board&#146;s review process and considerations in approving the Management Agreement are set forth below. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1"><I>Review Process. </I>The Board of Directors considers matters bearing on your Fund
and the Management Agreement at each of its meetings. Specifically, the Board maintains an Investment Committee, comprised of all of the Directors and chaired by an experienced investment professional, which reviews investment related matters
throughout the year. The Board (i)&nbsp;met four times during the past year to discuss Fund matters and at the regular quarterly meetings dedicated a substantial amount of time to reviewing the Investment Manager and its management of your Fund,
(ii)&nbsp;met with senior management and portfolio managers of your Fund and the Investment Manager at each regular meeting, and (iii)&nbsp;received extensive information throughout the year regarding the management of your Fund, including
information regarding various functions performed by the Investment Manager, such as portfolio management, compliance monitoring and portfolio trading practices. In addition, the Board continued its engagement of a third party research provider (the
&#147;Research Provider&#148;) in connection with its ongoing review of your Fund&#146;s performance, and received detailed information from the Research Provider at each quarterly meeting on the investment performance of a peer group comprised of
U.S. and non-U.S. Korea funds, the consistency of investment style of the Investment Manager and the risk relative to return of your Fund&#146;s investment portfolio. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">In addition to the information the Board received at each quarterly meeting, in
connection with its annual contract review, the Board received and relied upon materials provided by the Investment Manager, which included, among other items: (i)&nbsp;data supplied by Lipper, Inc. (&#147;Lipper&#148;), a leading third party
provider of mutual fund information on the total return investment performance of your Fund over various time periods and the investment performance of a peer group of funds, (ii)&nbsp;information provided by Lipper on your Fund&#146;s management
fees and total expenses as well as the management fees and total expenses of a peer group of funds, (iii)&nbsp;information regarding the investment performance of comparable market indices (iv)&nbsp;information regarding the management fees of
comparable portfolios of other clients of the Investment Manager and your Fund&#146;s former sub-adviser (the &#147;Former Sub-Adviser&#148;) (as personnel of the Former Sub-Adviser continued to provide services to your Fund as &#147;associated
persons&#148; of the Investment Manager), including open-end funds and other clients, (v)&nbsp;the profitability to the Investment Manager from its relationship with your Fund, (vi)&nbsp;descriptions of various administrative functions performed for
your Fund by the Sub-Administrator, an affiliate of the Investment Manager, pursuant to an agreement between the Investment Manager and the Sub-Administrator, and (vii)&nbsp;information regarding the overall organization of the Investment Manager
and the Sub-Administrator, including information regarding senior management, portfolio managers and other personnel providing investment management, administrative and other services to your Fund. During the course of the contract review process,
the Directors made various requests for additional information or explanations from the Investment Manager regarding information that had been provided, to which management responded either in writing or orally. The Board was assisted in its
evaluation of the Management Agreement by counsel for your Fund, with whom it met separately from the Investment Manager. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">The Directors&#146; conclusion as to the continuation of the Management Agreement was based on a comprehensive consideration of all information provided to the
Board and not the result of any single issue. Some of the factors that figured particularly in the Directors&#146; deliberations are described below, although individual Directors may have evaluated the information presented differently from one
another, giving different weights to various factors. It is also important to recognize that the Board&#146;s review of your Fund&#146;s Management Agreement is the result of years of review and discussion, rather than one particular period. The
Directors&#146; conclusions may be based, in part, on their consideration of these arrangements during the course of the year and in prior years. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1"><I>Nature, Quality and Extent of Services.</I> The Board considered the terms of the Management Agreement, including the scope of advisory services provided under
the Management Agreement. The Board noted that, under the Management Agreement, the Investment Manager provides portfolio management and administrative services to your Fund. The Board noted that personnel of the Former Sub-Adviser provide portfolio
management services to your Fund as &#147;associated persons&#148; of the Investment Manager. The Board also noted that the compliance personnel of the Former Sub-Adviser act as &#147;associated persons&#148; of the Investment Manager and report
directly to the Investment Manager&#146;s chief compliance officer. The Board observed that the Investment Manager delegates primary responsibility for administrative services to the Sub-Administrator. The Board considered the experience and skills
of senior management and investment personnel, the resources made available to such personnel, the ability of the Investment Manager and the Sub-Administrator to attract and retain high-quality personnel, and the organizational depth and stability
of the Investment Manager and the Sub-Administrator. The Board observed that there had been some turnover of staff at the executive level within the Investment Manager and Sub-Administrator during the course of the past year. The Board noted that it
was satisfied that the individuals appointed to open positions within the Investment Manager and </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">

<TR>
<TD WIDTH="65%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="28%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">12.31.14</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="1"><FONT STYLE="white-space:nowrap">The&nbsp;Korea&nbsp;Fund,&nbsp;Inc.&nbsp;Semi-Annual&nbsp;Report</FONT></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>19</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>&nbsp;&nbsp;</B></FONT></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><FONT STYLE="font-family:ARIAL" SIZE="2" COLOR="#32406b">The Korea Fund, Inc. </FONT>Matters Relating to the
Directors&#146; Consideration of the </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:18%"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Investment Management Agreement
</B></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">(unaudited) (continued)</FONT><FONT STYLE="font-family:ARIAL" SIZE="2"><B> </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">
<FONT STYLE="white-space:nowrap">Sub-Administrator</FONT> possessed comparable capabilities in their respective fields to those individuals that had left such positions. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">The Board reviewed your Fund&#146;s performance over various periods and compared
those returns to various agreed-upon performance measures, including market indices and peer groups compiled by Lipper, the Research Provider and the Board itself. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px;padding-bottom:0px; "><FONT STYLE="font-family:ARIAL" SIZE="1">In the course of these deliberations, the Board took into account
information provided by the Investment Manager in connection with the contract review meeting, as well as during investment review meetings conducted with portfolio management personnel during the course of the year regarding your Fund&#146;s
performance. The Board observed that, although its own peer group maintained by the Research Provider of 17 or 18 (varying for the one-, three- and five-year periods) comparative investible products in the Korean space was appropriate, there were
limitations in the comparative performance data provided by Lipper, given that this peer group also includes Pacific funds (excluding Japan), which are generally not similarly situated to your Fund. In its review of your Fund&#146;s performance
against the aforementioned peer group of Korea funds maintained by the Research Provider, the Board observed that your Fund&#146;s performance ranked in the 2<SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">nd</SUP> quartile for
each of the one-, three-, and five-year periods ended September&nbsp;30, 2014. In connection with this review, the Board noted that this peer group contains funds both registered under the Investment Company Act of 1940 and entities registered in
other jurisdictions that are subject to alternative regulatory regimes than your Fund with differing regulatory investment restrictions and may calculate their performance using differing methodologies, which the Board noted would affect
particularly the comparative performance of such entities. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">The Board
observed that your Fund&#146;s total return performance (based on net assets) had outperformed the KOSPI Index for each of the one-, three- and five-year periods ended September&nbsp;30, 2014. The Board further observed that your Fund&#146;s total
return performance had outperformed the MSCI Korea Index (Total Return) for each of the one- and five-year periods ended September&nbsp;30, 2014 and had slightly underperformed the MSCI Korea Index (Total Return) for the three-year period ended
September&nbsp;30, 2014. The Board also noted the Fund&#146;s improved performance over the three- and five-year periods ended September&nbsp;30, 2014. In addition, the Board noted a higher level of volatility in performance over time among the
funds in the peer group assembled by the Research Provider, resulting in most such funds having periods of poor performance relative to their peers from time to time. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">The Board discussed in detail the overall investment performance of your Fund. The
Board discussed the depth of the Fund&#146;s management team and noted the improvement in the Fund&#146;s performance since the Fund&#146;s portfolio manager had been replaced. The Board noted that, in the Research Provider&#146;s view, the
Fund&#146;s portfolio manager had thus far delivered remarkable results through a solid understanding of Korea stocks since becoming portfolio manager of the Fund on March&nbsp;1, 2014. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">On the basis of this evaluation, the ongoing review of investment results by the Board in conjunction with the Investment Manager, the
Board concluded that the nature, quality and extent of services provided by the Investment Manager and the Sub-Administrator was sufficient to support renewal of the Management Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1"><I>Fees and Expenses.</I> The Board considered your Fund&#146;s investment management fee schedule, total expense ratio and comparative
information provided by Lipper regarding investment management fee rates paid to other investment advisers by, and total expense ratios of, comparable funds. With respect to management fees paid to other investment advisers by comparable funds, the
Board noted that the effective fee rates paid by your Fund were the third-lowest of the 11 member peer group compiled by Lipper (based on the management fees paid by your Fund for your Fund&#146;s fiscal year ended June&nbsp;30, 2014). The Board
also considered the management fees charged by the Investment Manager and the Former Sub-Adviser to other clients, including open-end funds with investment strategies comparable to that of your Fund, and noted that the management fees paid by your
Fund, with few exceptions, were generally lower than the fees paid by such clients of the Investment Manager and the Former Sub-Adviser. With respect to the sub-administration fee paid to the Sub-Administrator, the Board noted that the fee is paid
by the Investment Manager out of its fee and not directly by your Fund. The Board also noted that it was not clear whether the peer funds selected by Lipper were charged such fees by their investment managers. The Board noted that your Fund&#146;s
total operating expenses were the second-lowest of the peer group compiled by Lipper (based on the operating expenses for your Fund&#146;s fiscal year ended June&nbsp;30, 2014). </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">The Board noted that, because your Fund is closed-end and does not make a continuous
offer of its securities, your Fund&#146;s size was relatively fixed and it would be unlikely that the Investment Manager would realize economies of scale from your Fund&#146;s growth other than through capital gain. The Board noted its option to
reconsider the management fee breakpoint levels in the future when your Fund&#146;s assets grow substantially or should there be an opportunity to raise new money. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">On the basis of the information provided, the Board concluded that management fee was
reasonable and appropriate in light of the nature, quality and extent of services provided by the Investment Manager and the Sub-Administrator. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">

<TR>
<TD></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="28%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="65%"></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>20</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1"><FONT STYLE="white-space:nowrap">The&nbsp;Korea&nbsp;Fund,&nbsp;Inc.&nbsp;Semi-Annual&nbsp;Report</FONT></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">12.31.14</FONT></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><FONT STYLE="font-family:ARIAL" SIZE="2" COLOR="#32406b">The Korea Fund, Inc. </FONT>Matters Relating to the
Directors&#146; Consideration of the </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:18%"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Investment Management Agreement
</B></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">(unaudited) (continued)</FONT><FONT STYLE="font-family:ARIAL" SIZE="2"><B> </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1"><I>Profitability.</I> The Board reviewed detailed information regarding revenues received by the Investment Manager under the Management Agreement. In considering
the profitability of the Investment Manager, the Board noted that the Sub-Administrator is an affiliate of the Investment Manager and is paid by the Investment Manager and, therefore, did not consider its profitability separately. Based on the
information provided, the Board concluded that the pre-tax profits realized by the Investment Manager in connection with the management of your Fund were not unreasonable. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1"><I>Other Benefits to the Investment Manager and Its Affiliates.</I> The Board also
considered the character and amount of other incidental benefits received by the Investment Manager and its affiliates, including any fees received by the Sub-Administrator for administrative services provided to your Fund. The Board also considered
benefits to the Investment Manager and the Former Sub-Adviser related to brokerage allocations, including research generated by broker dealers, along with the incidental public relations benefits to the Investment Manager and Sub-Administrator
related to your Fund&#146;s advertising opportunities. The Board concluded that management fees were reasonable in light of these indirect benefits. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1"><I>Compliance.</I> The Board considered the significant attention and resources dedicated by the Investment Manager, Former Sub-Adviser and Sub-Administrator to
documenting and enhancing their compliance processes. The Board noted in particular (i)&nbsp;the experience and seniority of the Investment Manager&#146;s chief compliance officer and (ii)&nbsp;the substantial commitment of resources by the
Investment Manager, Former Sub-Adviser and Sub-Administrator to compliance matters. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="1">Based on their evaluation of factors that they deemed to be material, including those factors described above, the Board determined that the Management Agreement should be continued for an additional one-year
period commencing January&nbsp;1, 2015. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">

<TR>
<TD WIDTH="65%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="28%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">12.31.14</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="1"><FONT STYLE="white-space:nowrap">The&nbsp;Korea&nbsp;Fund,&nbsp;Inc.&nbsp;Semi-Annual&nbsp;Report</FONT></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>21</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>&nbsp;&nbsp;</B></FONT></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


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


<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="46%"></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Directors</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Officers</B></FONT></TD></TR>


<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Julian Reid<BR>Chairman of the Board of Directors</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Joseph Quirk<BR>President &amp; Chief Executive Officer</FONT></P></TD></TR>
<TR>
<TD VALIGN="top" ROWSPAN="2"> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Christopher B. Brader</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Joseph T. Grause, Jr.</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT
STYLE="font-family:ARIAL" SIZE="1">Marran H. Ogilvie</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px; margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Richard A. Silver</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Lawrence G. Altadonna<BR>Treasurer, Principal Financial &amp; Accounting Officer</FONT></P></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Thomas J. Fuccillo<BR>Secretary &amp; Chief Legal Officer</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Richard J. Cochran<BR>Assistant Treasurer</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Thomas L. Harter<BR>Chief Compliance Officer</FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Investment Manager/Administrator </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">Allianz Global Investors U.S. LLC </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">1633 Broadway </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">New York, NY 10019 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>Sub-Administrator </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">Allianz Global Investors Fund Management LLC </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">1633 Broadway </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">New York, NY 10019 </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Custodian&nbsp;&amp; Accounting Agent </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">State Street Bank&nbsp;&amp; Trust Co. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">801 Pennsylvania Avenue
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">Kansas City, MO 64105-1307 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Transfer Agent, Dividend Paying Agent and Registrar </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">American
Stock Transfer&nbsp;&amp; Trust Company, LLC </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">6201 15th Avenue </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="1">Brooklyn, NY 11219 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Independent
Registered Public Accounting Firm </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">PricewaterhouseCoopers LLP </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="1">1100 Walnut, Suite 1300 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">Kansas City, MO 64106 </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Legal Counsel </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="1">Ropes&nbsp;&amp; Gray LLP </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">Prudential Tower </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="1">800 Boylston Street </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">Boston, MA 02199 </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1"><I>This report, including the financial information herein, is transmitted to the
stockholders of The Korea Fund, Inc. for their information. It is not a prospectus, circular or representation intended for use in the purchase of shares of the Fund or any securities mentioned in this report. </I></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1"><I>The financial information included herein is taken from the records of the Fund
without examination by an independent registered public accounting firm, who did not express an opinion herein. </I></FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1"><I>Notice is hereby given in accordance with Section 23(c) of the Investment Company Act of 1940, as amended, that from time to time the Fund may purchase shares of
its common stock in the open market. </I></FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1"><I>The Fund files its complete
schedule of portfolio holdings with the Securities and Exchange Commission (&#147;SEC&#148;) for the first and third quarters of its fiscal year on Form N-Q. The Fund&#146;s Form N-Q is available on the SEC&#146;s website at www.sec.gov and may be
reviewed and copied at the SEC&#146;s Public Reference Room in Washington, D.C. Information on the operation of the Public Reference Room may be obtained by calling (800) SEC-0330. The information on Form N-Q is also available on the Fund&#146;s
website at www.thekoreafund.com. </I></FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Information on the Fund is
available at www.thekoreafund.com or by calling the Fund&#146;s stockholder servicing agent at (800) 254-5197. </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px">


<IMG SRC="g864417logo_03kor.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">AZ612SA-123114 </FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">AGI-2015-01-05-11264 </FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="9%" VALIGN="top" ALIGN="left">ITEM&nbsp;2.</TD>
<TD ALIGN="left" VALIGN="top">CODE OF ETHICS </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Not required in this filing. </P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="9%" VALIGN="top" ALIGN="left">ITEM&nbsp;3.</TD>
<TD ALIGN="left" VALIGN="top">AUDIT COMMITTEE FINANCIAL EXPERT </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Not required in this filing. </P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="9%" VALIGN="top" ALIGN="left">ITEM&nbsp;4.</TD>
<TD ALIGN="left" VALIGN="top">PRINCIPAL ACCOUNTANT FEES AND SERVICES </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Not required in this filing </P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="9%" VALIGN="top" ALIGN="left">ITEM&nbsp;5.</TD>
<TD ALIGN="left" VALIGN="top">AUDIT COMMITTEE OF LISTED REGISTRANT </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Not required in this filing </P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="9%" VALIGN="top" ALIGN="left">ITEM&nbsp;6.</TD>
<TD ALIGN="left" VALIGN="top">SCHEDULE OF INVESTMENTS </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(a) The registrant&#146;s Schedule of Investments is included as part of the report to
shareholders filed under Item&nbsp;1 of this form. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(b) Not applicable. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="9%" VALIGN="top" ALIGN="left">ITEM&nbsp;7.</TD>
<TD ALIGN="left" VALIGN="top">DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Not required
in this filing </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="9%" VALIGN="top" ALIGN="left">ITEM&nbsp;8.</TD>
<TD ALIGN="left" VALIGN="top">PORTFOLIO MANAGERS OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Not required in this filing </P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="9%" VALIGN="top" ALIGN="left">ITEM&nbsp;9.</TD>
<TD ALIGN="left" VALIGN="top">PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANY AND AFFILIATED COMPANIES </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="38%"></TD>
<TD VALIGN="bottom" WIDTH="10%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="10%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="10%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="10%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE="border-bottom:1.00pt solid #000000; width:22.65pt; font-size:8pt; font-family:Times New Roman"><B>Period</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>(a)&nbsp;Total&nbsp;Number<BR>of&nbsp;Shares&nbsp;Purchased</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>(b)&nbsp;Average&nbsp;Price<BR>Paid&nbsp;per&nbsp;Share</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>(c)&nbsp;Total&nbsp;Number&nbsp;of&nbsp;Shares<BR>Purchased&nbsp;as<BR>Part&nbsp;of&nbsp;Publicly&nbsp;Announced<BR>Plans&nbsp;or&nbsp;Programs</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>(d)&nbsp;Maximum&nbsp;Number&nbsp;of<BR>Shares&nbsp;(or&nbsp;Units)&nbsp;that&nbsp;May<BR>Yet&nbsp;Be&nbsp;Purchased&nbsp;Under&nbsp;the<BR>Plans&nbsp;
or&nbsp;Programs</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">July&nbsp;1-31, 2014</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">53,536</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">43.22<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">1</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">53,536<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">2</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">745,337<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">2</SUP>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">August&nbsp;1-31, 2014</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">48,574</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">43.99<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">1</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">48,574<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">2</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">696,763<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">2</SUP>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">September&nbsp;1-30, 2014</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">46,400</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">42.57<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">1</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">46,400<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">2</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">650,363<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">2</SUP>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">October&nbsp;1-31, 2014</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">74,640</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">39.78<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">1</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">74,640<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">2</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">575,723<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">2</SUP>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">November&nbsp;1-30, 2014</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">53,400</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">38.26<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">1</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">53,400<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">2</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">522,323<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">2</SUP>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">December&nbsp;1-31, 2014</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">66,409</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">37.73<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">1</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">66,409<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">2</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">455,914<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">2</SUP>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Totals</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">342,959</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">342,959</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">1</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Subject to fees of up to $0.03 per share repurchased. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">2</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The Fund has a share repurchase program under which the Fund repurchases its common stock in the open market on any day that the Fund&#146;s shares are trading at a discount of 8% or more from NAV the prior day and
there is a daily average discount of 8% or more from NAV over the 5-day period ending the prior day. On each day that shares are repurchased, the Fund repurchases its shares to the maximum extent permitted by law unless the Investment Manager
determines that such a repurchase would be detrimental to the Fund and its stockholders. In addition, on a day that shares are repurchased, in addition to the limits set forth above, the Fund will repurchase shares only at such times that the market
price represents a discount of 8% or more from the Fund&#146;s closing NAV on the prior day. Under the program, the Fund is authorized to repurchase in each twelve month period ended June&nbsp;30 up to 10% of its common stock outstanding as of
June&nbsp;30 of the prior year. </TD></TR></TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="9%" VALIGN="top" ALIGN="left">ITEM&nbsp;10.</TD>
<TD ALIGN="left" VALIGN="top">SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">There have been no material changes to the procedures by
which shareholders may recommend nominees to the Fund&#146;s Board of Directors since the Fund last provided disclosure in response to this item. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="9%" VALIGN="top" ALIGN="left">ITEM&nbsp;11.</TD>
<TD ALIGN="left" VALIGN="top">CONTROLS AND PROCEDURES </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(a) The registrant&#146;s President and Chief Executive Officer and Treasurer,
Principal Financial&nbsp;&amp; Accounting Officer have concluded that the registrant&#146;s disclosure controls and procedures (as defined in Rule <FONT STYLE="white-space:nowrap">30a-3(c)</FONT> under the Act (17 CFR
<FONT STYLE="white-space:nowrap">270.30a-3(c))),</FONT> are effective based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this document. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(b) There were no significant change in the registrant&#146;s internal control over financial reporting as defined in Rule
<FONT STYLE="white-space:nowrap">30a-3(d)</FONT> under the Act (17 CFR <FONT STYLE="white-space:nowrap">270.30a-3(d)))</FONT> that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is
reasonably likely to materially affect, the registrants internal control over financial reporting. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="9%" VALIGN="top" ALIGN="left">ITEM&nbsp;12.</TD>
<TD ALIGN="left" VALIGN="top">EXHIBITS </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(a) (1)&nbsp;Not required in this filing </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(a) (2)&nbsp;Exhibit 99.302 Cert. &#151; Certification pursuant to Section&nbsp;302 of the Sarbanes-Oxley Act of 2002 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(a) (3)&nbsp;Not applicable </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(b) Exhibit 99.906 Cert. &#151;
Certification pursuant to Section&nbsp;906 of the Sarbanes-Oxley Act of 2002 </P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Signature </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="88%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">(Registrant) <U>The Korea Fund, Inc.</U></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top">/s/ Joseph Quirk</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Joseph Quirk</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">President&nbsp;&amp; Chief
Executive Officer</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Date:</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top">March 2, 2015</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top">/s/ Larry Altadonna</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Larry Altadonna</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Treasurer, Principal
Financial&nbsp;&amp; Accounting&nbsp;Officer</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Date:</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top">March 2, 2015</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has
been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="88%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top">/s/ Joseph Quirk</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Joseph Quirk</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">President&nbsp;&amp; Chief
Executive Officer</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Date:</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top">March 2, 2015</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top">/s/ Larry Altadonna</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Larry Altadonna</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Treasurer, Principal
Financial&nbsp;&amp; Accounting&nbsp;Officer</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Date:</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top">March 2, 2015</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
</TABLE>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.CERT
<SEQUENCE>2
<FILENAME>d864417dex99cert.htm
<DESCRIPTION>CERTIFICATION TO SECTION 302
<TEXT>
<HTML><HEAD>
<TITLE>Certification to Section 302</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 99.302 CERT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">CERTIFICATIONS </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">I, Joseph Quirk, certify that:
</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top">I have reviewed this report on Form N-CSR of The Korea Fund, Inc.; </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">2.</TD>
<TD ALIGN="left" VALIGN="top">Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such
statements were made, not misleading with respect to the period covered by this report; </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">3.</TD>
<TD ALIGN="left" VALIGN="top">Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets,
and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report; </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">4.</TD>
<TD ALIGN="left" VALIGN="top">The registrant&#146;s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and
internal control over financial reporting (as defined in Rule 30a-3 (d)&nbsp;under the Investment Company Act of 1940) for the registrant and have: </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its
consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of
financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top">Evaluated the effectiveness of the registrant&#146;s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within
90 days prior to the filing date of this report based on such evaluation; and </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top">Disclosed in this report any change in the registrant&#146;s internal control over financial reporting that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or
is reasonably likely to materially affect, the registrant&#146;s internal control over financial reporting; and </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">5.</TD>
<TD ALIGN="left" VALIGN="top">The registrant&#146;s other certifying officer(s) and I have disclosed to the registrant&#146;s auditors and the audit committee of the registrant&#146;s board of directors (or persons performing the equivalent
functions): </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant&#146;s ability to record,
process, summarize, and report financial information; and </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant&#146;s internal control over financial reporting. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Dated: March&nbsp;2, 2015 </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">By:</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ Joseph Quirk</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top">Joseph Quirk</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top">President &amp; Chief Executive Officer</TD></TR>
</TABLE>

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

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">I, Lawrence Altadonna, certify that: </P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top">I have reviewed this report on Form N-CSR of The Korea Fund, Inc.; </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">2.</TD>
<TD ALIGN="left" VALIGN="top">Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such
statements were made, not misleading with respect to the period covered by this report; </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">3.</TD>
<TD ALIGN="left" VALIGN="top">Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets,
and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report; </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">4.</TD>
<TD ALIGN="left" VALIGN="top">The registrant&#146;s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and
internal control over financial reporting (as defined in Rule 30a-3 (d)&nbsp;under the Investment Company Act of 1940) for the registrant and have: </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its
consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of
financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top">Evaluated the effectiveness of the registrant&#146;s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within
90 days prior to the filing date of this report based on such evaluation; and </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top">Disclosed in this report any change in the registrant&#146;s internal control over financial reporting that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or
is reasonably likely to materially affect, the registrant&#146;s internal control over financial reporting; and </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">5.</TD>
<TD ALIGN="left" VALIGN="top">The registrant&#146;s other certifying officer(s) and I have disclosed to the registrant&#146;s auditors and the audit committee of the registrant&#146;s board of directors (or persons performing the equivalent
functions): </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant&#146;s ability to record,
process, summarize, and report financial information; and </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant&#146;s internal control over financial reporting. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Dated: March&nbsp;2, 2015 </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">By:</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ Lawrence Altadonna</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top">Lawrence Altadonna</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top">Treasurer, Principal Financial&nbsp;&amp; Accounting&nbsp;Officer</TD></TR>
</TABLE>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.906CT
<SEQUENCE>3
<FILENAME>d864417dex99906ct.htm
<DESCRIPTION>CERTIFICATION TO SECTION 906
<TEXT>
<HTML><HEAD>
<TITLE>Certification to Section 906</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 99.906CERT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Certification Pursuant to Section&nbsp;906 of the Sarbanes-Oxley Act </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">of 2002 (Subsections (a)&nbsp;and (b)&nbsp;of Section&nbsp;1350, Chapter 63 of Title 18, United States Code) </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In connection with the attached report of The Korea Fund, Inc. (the &#147;Registrant&#148;) on Form N-CSR (the &#147;Report&#148;), each of the undersigned
officers of the Registrant does hereby certify that, to the best of such officer&#146;s knowledge: </P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top">the Report fully complies with the requirements of Section&nbsp;13(a) or 15(d), as applicable, of the Securities Exchange Act of 1934, as amended; </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top">the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Registrant as of, and for, the periods presented in the Report.
</TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Dated: March&nbsp;2, 2015 </P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top">/s/ Joseph Quirk</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top">Joseph Quirk</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top">President &amp; Chief Executive Officer</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Dated: March&nbsp;2, 2015 </P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top">/s/ Joseph Quirk</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top">Joseph Quirk</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top">Treasurer, Principal Financial&nbsp;&amp; Accounting&nbsp;Officer</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">A signed original of this written statement required by Section&nbsp;906, or other document authenticating, acknowledging, or
otherwise adopting the signature that appears in typed form within the version of this written statement required by Section&nbsp;906, has been provided to The Korea Fund, Inc. and will be retained by The Korea Fund, Inc. and furnished to the
Securities and Exchange Commission or its staff upon request. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This certification is being furnished solely pursuant to 18 U.S.C. &#167; 1350 and is not
being filed as part of the Report or as a separate disclosure document. </P>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>g864417g07y91.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g864417g07y91.jpg
M_]C_X``02D9)1@`!`0(!>@%Z``#_X7&M:'1T<#HO+VYS+F%D;V)E+F-O;2]X
M87`O,2XP+P`\/WAP86-K970@8F5G:6X](N^[OR(@:60](E<U33!-<$-E:&E(
M>G)E4WI.5&-Z:V,Y9"(_/CQX.GAM<&UE=&$@>&UL;G,Z>#TB861O8F4Z;G,Z
M;65T82\B('@Z>&UP=&L](D%D;V)E(%A-4"!#;W)E(#4N,RUC,#$Q(#8V+C$T
M-38V,2P@,C`Q,B\P,B\P-BTQ-#HU-CHR-R`@("`@("`@(CX*("`@/')D9CI2
M1$8@>&UL;G,Z<F1F/2)H='1P.B\O=W=W+G<S+F]R9R\Q.3DY+S`R+S(R+7)D
M9BUS>6YT87@M;G,C(CX*("`@("`@/')D9CI$97-C<FEP=&EO;B!R9&8Z86)O
M=70](B(*("`@("`@("`@("`@>&UL;G,Z9&,](FAT='`Z+R]P=7)L+F]R9R]D
M8R]E;&5M96YT<R\Q+C$O(CX*("`@("`@("`@/&1C.F9O<FUA=#YA<'!L:6-A
M=&EO;B]P;W-T<V-R:7!T/"]D8SIF;W)M870^"B`@("`@("`@(#QD8SIT:71L
M93X*("`@("`@("`@("`@/')D9CI!;'0^"B`@("`@("`@("`@("`@(#QR9&8Z
M;&D@>&UL.FQA;F<](G@M9&5F875L="(^;&EN95\P,FMO<CPO<F1F.FQI/@H@
M("`@("`@("`@("`\+W)D9CI!;'0^"B`@("`@("`@(#PO9&,Z=&ET;&4^"B`@
M("`@(#PO<F1F.D1E<V-R:7!T:6]N/@H@("`@("`\<F1F.D1E<V-R:7!T:6]N
M(')D9CIA8F]U=#TB(@H@("`@("`@("`@("!X;6QN<SIX;7`](FAT='`Z+R]N
M<RYA9&]B92YC;VTO>&%P+S$N,"\B"B`@("`@("`@("`@('AM;&YS.GAM<$=)
M;6<](FAT='`Z+R]N<RYA9&]B92YC;VTO>&%P+S$N,"]G+VEM9R\B/@H@("`@
M("`@("`\>&UP.DUE=&%D871A1&%T93XR,#$U+3`R+3$R5#$P.C4T.C`T*S`U
M.C,P/"]X;7`Z365T861A=&%$871E/@H@("`@("`@("`\>&UP.DUO9&EF>41A
M=&4^,C`Q-2TP,BTQ,E0Q,#HU-#HP-"LP-3HS,#PO>&UP.DUO9&EF>41A=&4^
M"B`@("`@("`@(#QX;7`Z0W)E871E1&%T93XR,#$U+3`R+3$R5#$P.C4T.C`T
M*S`U.C,P/"]X;7`Z0W)E871E1&%T93X*("`@("`@("`@/'AM<#I#<F5A=&]R
M5&]O;#Y!9&]B92!);&QU<W1R871O<B!#4S8@*%=I;F1O=W,I/"]X;7`Z0W)E
M871O<E1O;VP^"B`@("`@("`@(#QX;7`Z5&AU;6)N86EL<SX*("`@("`@("`@
M("`@/')D9CI!;'0^"B`@("`@("`@("`@("`@(#QR9&8Z;&D@<F1F.G!A<G-E
M5'EP93TB4F5S;W5R8V4B/@H@("`@("`@("`@("`@("`@("`\>&UP1TEM9SIW
M:61T:#XR-38\+WAM<$=);6<Z=VED=&@^"B`@("`@("`@("`@("`@("`@(#QX
M;7!'26UG.FAE:6=H=#XR,#`\+WAM<$=);6<Z:&5I9VAT/@H@("`@("`@("`@
M("`@("`@("`\>&UP1TEM9SIF;W)M870^2E!%1SPO>&UP1TEM9SIF;W)M870^
M"B`@("`@("`@("`@("`@("`@(#QX;7!'26UG.FEM86=E/B\Y:B\T04%14VM:
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M56MW9TI#:&=:2FI:1D=I9&MD1E4S.'%/>G=Y9W`F(WA!.S`K4'IH2E-K=$U4
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M-3@K6#`P,GA66B]U9B]!3UA8+VMP:7)V.$%C+SA!.'5V+T%#57A6,RLU+W=$
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M+W=!:C0O.$%M<D989C1I.'8O.$$F(WA!.U9Z=%`K4CAF+TY72W4O>$8U9CA!
M*W)N868X:C0O=T1M<D989C1I.'8O=T16>G10*U(X9B]!1%9I<G8X0458;"\O
M<34R;B])*U`O;7(F(WA!.T989C1I.'8O05!6>G10.$%K9D@O04TQ67%K,VUF
M6&1$:V<P.%(V:F)/5C%',%IU33!:;V]L0DI.1#!'5S1E=G5,0V8V534O>$8U
M9B\F(WA!.T%/<FYA9CA!22M0+T%*<7EP;3<O04)&-68O-G5D<"]Y4&HO-7%X
M5C,K279,+W=$,6,W5"]!2DAX+W=$3E=+=2]X1C5F+W=#<FYA9C@F(WA!.VHT
M+RMA<U9D+VE,>2]W1#E83S`O-4AX+S@Q67$W+T58;"\X039U9'`O=T%J-"\X
M06UR1EAF-&DX=B\X059Z=%`K4CAF+TY72W4O>$8F(WA!.S5F.$$K<FYA9CAJ
M-"]W1&UR1EAF-&DX=B]W1%9Z=%`K4CAF+T%$5FER=CA!15AL+R]Q-3)N+TDK
M4"]M<D989C1I.'8O05!6>G10.$$F(WA!.VMF2"]!33%9<3<O15AL+R]!2W5D
M<"]Y4&HO-7%X5C,K279,+T%0,6,W5"]K9D@O>E9I<G8X4F58+W=$<34R;B]!
M0U!J+W=#87-69"\F(WA!.VE,>2\O=T)83S`O-4AX+S@Q67$W+T58;"]W1#9U
M9'`O>5!J+T%/87-66'AA-V]K,&EX4F%H8E-3=65+26LP8DU397=!3E1I<4YX
M5D0F(WA!.V%L<#%N<59J3EDS:48W8318:DEQ3SAB539G<DI'5F1'0C-$2U%1
M96U+<%A,-4<X<U,V5D1P8VQO>C)C0FQE24Y03UI"3$]X95-F,78F(WA!.U4Y
M57IS-TTS<D9V54)*26)C-'%M,6A9,G1H63(Y:F%*-E9R87A*1&)X,4QC630Q
M0W%+<U-4441Q5&EQ=FER<U9D:7)S5F1I<G-69&DF(WA!.W)S5F1I<G-64U1Z
M6"]C86(O=T)T2WHO-5!$3'-06"MQ5T4O,'`S;$Q.,DMU>%8R2W5X5C)+=7A6
M,DMU>%8R2W5X5C)+=7A6,DMU>%8F(WA!.S)+=7A6,DMU>%8R2W5X5C)+=7A6
M,DMU>%8R2W5X5C)+=7A6,DMU>%9*4$YF.7AP=B]B4W,O=T1K.$UU=SEF-G!9
M5"]3;F55<S-9<3<F(WA!.T9867$W1EA9<3=&6%EQ-T9867$W1EA9<3=&6%EQ
M-T9867$W1EA9<3=&6%EQ-T9867$W1EA9<3=&6%EQ-T9867$W1EA9<3=&56LX
M,2\F(WA!.S-';2\Y=$MZ+W=#5'=Y-T0Q+W%L:%`X05-N955S,UEQ-T9867$W
M1EA9<3=&6%EQ-T9867$W1EA9<3=&6%EQ-T9867$W1EA9<3=&6%DF(WA!.W$W
M1EA9<3=&6%EQ-T9867$W1EA9<3=&6%EQ-T973RMB-S(R:6LP83!D-EA&>'%.
M<S!+54HU0TM63V4T1D)4:T]U6#19;F,K4EE44$HF(WA!.TAA6F4S33)S-GAB
M>79Y:'1:249G5V=(15!!<G1U0E4Q63DX:$])15%E.4E/-5142S)4<U9D:7)S
M5F1I<G-69&ER<U9D:7)S5F1I<G,F(WA!.U9D:7)S5F1I<G-69&EQ5V5:-$Y8
M=5!,5W)184Q+2619;',W:$Y/;4HT.$QL;VU%5%904VHP,WA6-71.-58O36A9
M<$Y1,'EF5DQD4S@F(WA!.VE7=6E8="\V.'-D:VQ'.4]36#8S26MK.#!R4'AB
M,653>#!55%(P,U9E<#983&9Y-F)A4S9H0W1V9GE1>'1D,C9S1U=/57%#-D)G
M4T,F(WA!.T9A;S8T<7AJ5S=(.#$U3E5N9E)D5C!E,S!W:V96;V)Q>FYL;55C
M4EAM-E1)<"M+=E%9<6=F,&(K94@O5C@P1"]!2U%,<B]S;WA60U@F(WA!.W$O
M;EIA,T]N=U!R5VAL<BLT83-J2S).=T%'5T-797(Q;DI+.%E33G%'=$\Q8VY#
M3F<K42]31TUJ4D-,+T%%8BME2"]6.#!$+T%+44PF(WA!.W(O<V]Y1$HS-DXO
M4$0O<2MA0B\P9UA8+T%'55EQ-SE'+VYH+S%F3D$O=T-K0S8O-TM-5F0K:F9Z
M=R\V=FUG9CE)1C$O,E59<3<Y1R\F(WA!.VYH+S%F3D$O-E%,<B]S;WA6,S9.
M+U!$+T%+=FUG9CA!4T)D9CEL1TMU+U)V-31F.5AZ45`K:T,V+W=#>6I&5TDK
M96]V>E1T9%(X=DXF(WA!.W%/<3963&1Y6#!-5VYY5SEP36E*2DIC=U)K>7$X
M<CAL<38W3%$P<G9837I3:31Z+T%+<"LT=5!N3E8W>#DT5&)3279Z8FTQ-UAB
M5S(F(WA!.S%N4D4Q0S%L="]R-65Z=4=6=E5T,&%*;S%%=TMJ:CA*<5159S54
M:T(T26XS+V4R>$\U5&HY1R]N:"\Q9DY!+S913'(O04Q+37!:=2\F(WA!.U)V
M-31F.5AZ45`X07!!=78K>6I&6&9O,S@X4"MR-6](+U-"9&8Y;$=+=2]2=C4T
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M;$=+=2]2=C4T9CE8>E%0*VM#-B]W0WEJ1EAF;S,X.%`K<C5O2"]30F1F.6Q'
M2V\F(WA!.W)3-T0X,VLQ1S-F53E8,%=B5#%K53-55G9:,T5C<E(Q*TE)-U1-
M;V(S27A6;6U+=7A6,DMU>%8R2W5X5DID9B]!3T]R-6(O-V%-;B\F(WA!.T%(
M5')V3&-F2UAU+U-'12M9.2\V0VY75DTS67%S;6YH:%%03DES849L44TU0V=V
M27=21G%E-TUW541U8TE&<F$U5U9G1U5G9SE#3G@F(WA!.V=6=D9867$W1EAN
M6#5R+SAD9GEF+W="=&$P+S9J-U1--U-F5%`K<69U3&IA;BM(*W-0=D-9*U9V
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M1E@F(WA!.UEQ.#8O379Z>E`U93AY841B<D=(:%=(5715:U=P57EF561/=5<Y
M2717;$=:;"]:-C5N85A!2G=K9F-0;5$T=6]Z8T5H.%0X9U4V+TTF(WA!.S-7
M0G`S;$\W:4U8<69P1T<V<RM18FIW<EI4>3@V55!,*S9P5&)R;%=L:'A42&Q2
M*S!.=6%64CDO-FYN;71A>%`O:6YY2'!V<55H;#@F(WA!.WDV-U!-;E%&;V13
M;FAH4&AS2DA'6G5/2&]M9C9%9CA!8VAW-5102$%F,'!F95AF;'HU;48W*V4S
M;D9,;VA::D9007)$6E%U;C-8;TLF(WA!.T0W*VM&3F-'<'A6<#16*TQ#8T=7
M.#!H*TYI.75Z5D]W95HO;C1Z<C5:,&1K3D=45TQE64U$46=7.$4Y=V%5-S!I
M24AV;68R9CE:+W$F(WA!.R]Q8U16+U-0-C,S8G!X*U1F+VMT.4DO-D]F.$%Q
M2VQY<E<O,W`K2#-.;6XK9TTP>D9B,&PQ+SA!-#9V;'8O=&]Y9CA!9$]U.'1X
M.'`F(WA!.V4W.4E95#5J,R]O2V1:57IE9&9M=B]X,2]*+R]!1S%R5"]Q4'1-
M>G1*.4TO-G`K-'5.<68T9C9W*SA+;FQE+THO3B]Z;&%2<VIW>5$F(WA!.S)4
M=5)U>7E144EV1V].4#DS1V]P9WEX+V-14'94:E`W>5AW6GA(9G=0<54K;G%'
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M9E`S+T]39#%B4#5I,%-.2FMA4T=W,4Y:541!<VAA,RM%34(P<C)R;34W32MM
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M.#)59G-R.6)J46EB;E`X06Y24#(F(WA!.S,K<#E#*U,O3W5K,VM/<7<S97)7
M<E,R=7%8<V-)9314,41B;61N:4I$3EAJ>&9I=F)I04)M;#%'4&AO,7II2&)9
M<#-F:U,X."].,WHF(WA!.V1B-G(U0C!2-#<V,FYV5VYU6F)L65A2;5-72W=U
M:V]656YJ47919VIR;61O.&9$;&M09#DT8U16>G5!4'8O,TI::"M3*W4V5$8K
M5U<F(WA!.VAP9#,Y=D9C0DIJ2VMK<V%/0S%X260Q2D)(6$U46&8S,'9X,&-J
M4V8S65IT+VE,>2]W1#E83S`O-4AX+S@Q6FE/47A#*S@X851C96(F(WA!.SE-
M,#93-G0K1G)Q<WAH=45K5#!X1$AP2$IJ2S5C+T4P=#=X5V=P=#1J9DMJ:G)'
M6F8P9CDY*WAO33=K0C4O;R]A:C`O379Y+TPU=2\F(WA!.U%C5C%#645H;DTY
M,GIH55=E2#!(0T)I47!6;S=N<4\T27E"=T59*TPS9G`O57DX56-F1"M/;C8R
M1V9N5#5G<T@Q3'E04'`Y+T)-<6$F(WA!.WI#.'!I;%(Q-$Q*130U.%-F:#5)
M1'8T6FPV1T\P=V8U<FHV=S=W<BMC1FYK>E<Y36<O3W)Z:E!.93(X5FQ,15=&
M=SAI3$=3<5=T2T\F(WA!.U14<'EX>FDY4$0X9#8T:BLY;BM/9U(Q>"M:3VAJ
M.#%26FTY5S-T;$9P1$YC:59F4FM%8U=O:F<W2S%.-6)M2&EP-S<K1U)';E!G
M,WHF(WA!.S4O-S,Y4EI(35!&<C-F-S<Y:C!J+T58;"]W1#9U9'`O>5!J+T%/
M87,Q-VQU+W=!4F58+RMR;F%F.&HT+RMA<U9D+VE,>2\X03E83S`F(WA!.R]W
M0U(X9CA!>E9I<G8X4F58+SA!<34R;B])*U`O;7)&6&8T:3AV.$$O5GIT4"M2
M.&8O3E=+=2]X1C5F+T%/<FYA9CA!22M0+T%*<7@F(WA!.U8S*TEV3"\O049C
M-U0O:V9(+WI6:7)V.%)E6"]!4'$U,FXO22M0.$$U<7A6,RM)=DPO.$$Q8S=4
M+VMF2"]W03%9<3<O04)&-68O-G4F(WA!.V1P+WE0:B\U<7A6,RM)=DPO=T0Q
M8S=4+T%*2'@O=T1.5TMU+WA&-68O=T-R;F%F.&HT+RMA<U9D+VE,>2]W1#E8
M3S`O-4AX+S@Q67$F(WA!.S<O15AL+SA!-G5D<"]W06HT+SA!;7)&5CA7=39*
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M66A42E!(27-H44M"4W!4:S-B-T]79'`T=C-1<FQ%=%!:*U<X:'8F(WA!.VY*
M:$AL*SDQ2%5,*S0P3V574U=Y03%3-6=J8F1%8U=&>5I85W9F-TQ(-5IL6DEG
M1&DV*VXW=S`T-4=5:D4X=E8Y>&5N*UET5&XP;E(F(WA!.R])3VM1=4E,:S9T
M9%$S;'5#=DI)9C!K5C1S=EE-,%I!4"M39D1-2$9(:6Q/6#E%9C=L>G-S>D51
M02]N9G!E:F9M4#5R:C`R,3AX86(F(WA!.V13,%,U,%9V<45:0VA28U!B-FA)
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M.5EH6C%I3D-Y;4%C07I)9"M0<5)-064Y1&@P*U`Y.6MV:U=/;WE6:7AK8WA3
M3698;UEF>D4O3757-VUJ=#5:=$PQ=3%T47@T:#4F(WA!.UE59U=.4E4W<U5H
M2CDK,E$X3SA73W4K4#974FY74UHX<&9O965A2DM6+TU->%9!5CE8:$Y017)F
M2E0X0V-Z6FHY,R]M+V]C5T(O96LF(WA!.V8P=CDX*S)C-58V1C)+=7A6,DMU
M>%8R2W5X5D-Y-FIB4F%L8C9C.5)C6%55,#A85&E69V%.6$9A.68S>3`K;DI#
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M3&Q":$8U-6M45"]Z;4YH95A-9'8F(WA!.W`P,VPV1U5'56AF.4EB551"1T%X
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M3DQD>'5317%)5G`O<W!&>D@P8W8F(WA!.S-S<C9I5&MA;5!O2'9$2$4P:7=B
M+VY'9#-U3%='5U=Z:'9:3$]2,%8R:4PS.'9X4G-14W`T;6TR6#A:+TXW2&Y8
M,TY005!Y-7-C<BLF(WA!.SAV5R]*3G%B5'E:;T9O5S5M,S`V,&E,9U5R=V=2
M83`K:DYB;DXU2DAZ3&TT;S%!1'5!94TK5W9*4C%R>E8K86PT66UM2W1D,D9J
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M0R]-+V5Y0U-72TUO2DA61$DS0D%X035-4EAI2SDF(WA!.U1T;$E$87AZ>G`U
M=71.13!J5VE79&)U>#`Q-S5'5VXW4F%+4&IU5%@Q04\Q379W651/43=I86%S
M=5%20E!C1T%F:V8K6D=Q-G9C=V4F(WA!.U@Y675(=F)Q5%1H9E)88W)69C1*
M9E-:1S(K3&M'-59*<G0S<FU:<CE-26II:G1V5&IA5%5'5E)04&AT-TIM<F,U
M:"\U<F%X8C)(:W(F(WA!.U5O5&-P1&0S<TQ15SA2235Y0G8W>%95+SA6.'$U
M;&%30D]11W1G,#4U5D5V;5`X04TW>CEQ,G,K8S=Y.4MR8E-X=VEY06I*<#99
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M-5,R4$Q0>64X,VTK,51Z6G`Y+V--,3!D975J85%K35961T)00D,F(WA!.T)X
M54%1369N=C%/8D17-&%%4U`U;V-04S5,36=F-7AE<#5R,TUD:7)S5F1I<E1+
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M<C%,1C%O0FM-=6%X0RMV069T5&EW+U=2>CE197HF(WA!.V9K8G`X3G8K5C)L
M2S!!:FQU0DTQ-&I#:&%26E=I4$Y4,S12<78P6G$Y9DLX>&1H<$DQ:D0U>B]-
M-WEJ1C5D+TU+*S!M,6LY4T)B47HF(WA!.U)S+S)U271#5S5F-5)+13=B6G4Y
M3&TT.%EK92\Y3'%.5&DT8W!!-W8P339/;G`U9R]+=CAT3%<V6G57;V%R8U=5
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M;&ID56115'DU>C-'=S9B1$1P25)X-"]6>C-0-"M!66%R:6YK.5`Y6#4O=T)R
M1W(K+TAL1%@Y66=S1V572S!'<&4F(WA!.UA:5V9I<GE),&-K0T]32S`T=49F
M8G=P;#A9*TI%13EA:S!Z;#1:3F1,:2MK=$4X,UAM<S98;VLU9C`U;75R0DQK
M;V%'5F)R5$5V0U<F(WA!.U5!54)E86Q/;G<U;S4T4D5Y.7@K>59/-&AK-&=$
M-W9U=#58+T%--4]82S(S;D1Y+TTT2E9B4U=O2%=H:TDO:FUW-TQ&=VPW,T(W
M46PF(WA!.U4T;C-S4CAJ*U5*+TY/;V%Z<4DP,E,Y4S=3-6)40S1"0DY*0EAR
M449'35EQ96AZ2GHU:&I!1C%Y='!W669%37!%6&9*32]-6&MA9E(F(WA!.V1(
M.#581G4S*V=J5G)A>71Z4F<S4U=*,TY.=5`K:U4V.6-R>#4K2U5!969#4WIY
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M-%0Y:$I,9#-99DYH3V=0+T$T<7`K:#5G+S5B8E0O04M26E`K>6XF(WA!.T95
M:3@S5T=Q>&569DU5,S%I,').65A,6$I3,6M6,S0R-TPY<C$R,S1I9TY$;#)%
M;FIJ-W@Y-UAK2'!0=51X<F)8;55Q,35A1E-+14<F(WA!.S!K24E0+U)X;$Q9
M=&ES.6)H:E=+2S9S;S0Q1D923$]25D$Y9TQJ16TQ6"MH-6<O-6)B5"]!2U):
M4"MY;D9896@U9R\U8F)4+T%+4EHF(WA!.U`K>6Y&6&IC*VQA;F)E9G9Z3FM%
M<V)'5%%X3&-41T)U0D5T=EAG;C=Z-$-E0F]3>F1/;6)54W9&:2]R9G!C1&AR
M2FLO<7!R-4DP:E<F(WA!.W)Z>DXU:&MH;&A72U!63E1H=7!Z15-!,'A55D-E
M<7)F1GA.3GI4=FQE9611:B]6:3-9:%I0=DPP2%)D03%04CE-9S`V>74W5F)E
M1&LF(WA!.U)Y='!72EHR3'5X2G5E<D]X4&@T8EIG-4IM4G-T.%EG0V<K9'9Z
M:W-R*S0O3G4K:&532U,T6%-,:5IN5D=J47!$<#@X<D%+5VM.94,F(WA!.T@Y
M<G)M.#!*<D%0-C,V439J5T0Y.2]M;C=I>6YY:G!T+TXK569K0SA%.$M,638Y
M8GE7>4Y!>E!Y;3%+5S-02B]65W$O=G5606\V1&8F(WA!.TUF3DMS*U%D.$0O
M=5<W0U`S340S4R\S,69P93-E:#5G+W=#5S(P+S926E`K>6Y.43=..',K9'12
M=2]Y.2].939/;G-*:D)A5S%T24(F(WA!.WEJ16M2=&]L-'15>4AC24LW+V1N
M4EE)*TYH1CDU*SDP;69*-$]A>#--5SAX841D,E=V6&-I4DML='!W="LY3VQU
M:VE,4W).56]/=C,F(WA!.S5K-#4S160U=C<R;DQI26U33U5A*S4V=BM22&QU
M-3AY=V%R-6AA-T5$<G%55$Q$2D4P=S57-U)835DU97!(<W!65G`T6G)E,$UH
M:%4F(WA!.U(S9G-C-U%J:D)K9C5Y4"]!1$(O3&]Y9G!M,W5N:6MA-VYJ,60S
M=#1P14MV2DY*1U<O=D1V-F1183%'+VE+-41486<K:VIP<S(U=%`F(WA!.T=1
M25!V94]T-6@X-&%%,FXV:&%833%R86MW1S)*24%A87IT;UEN;W`U2#11=UAW
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M,#-!0C506G,Q:FU/>%8R2W5X5C)+=7A61&%N65%A:G!T,W`Y=U=%1C5$2F)Y
M;$12=45Q;$=O5%AE:'E56F-*0DA216A9<$4U1DPF(WA!.W-69&ER<U995G%7
M:U!E*UEF3V1N84MQ,T]P-D)9>$)M<49A5U)T4FA5<V0K=U5:;%)N55E%.4I(
M+V5U3UDS2U$W-&HO04AZ3$Q,5&(F(WA!.T-X3G=B3T))4')C>EA.>'=&3V,P
M9T%D>C=T>$9C>#532C4Y1SA!1&MI8VEL-%`X06Y,8G1C9FUN67AR<T0U6C%9
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M4&9P:SA797!W2%$O<DLU8U9W;69X>41)4"MC6G0F(WA!.TYU3%`X=&I03%1J
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M57`Q8E-0<E=R-DPF(WA!.V9X>$E:3$,U:V5A53!$0T8W4V5+9SAF,VMI8EI:
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M05`X04-0.$$P>%8S-F4P;B]F.$$F(WA!.R]W04DO=T141EAF<#=39CDO=T0O
M04%J+T%.359D*VYT2B\S+T%0.$%#4#A!,'A6,S9E,&XO9CA!+W=!22]W1%1&
M6&9P-U-F.2]W1"\F(WA!.T%!:B]!3DU69"MN=$HO,R]!4#A!0U`X03!X5C,V
M93!N+V8X02]W04DO=T141EAF<#=39CDO=T0O04%J+T%.359D*VYT2B\S+T%0
M.$$F(WA!.T-0.$$P>%8S-F4P;B]F.$$O=T%)+W=$5$989G`W4V8Y+W=$+T%!
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M1$PF(WA!.V-3:4=&2DDT>7IO6&MC2TMJ<FER5G0U>CAN,TIS>&)A-W`X-3%"
M,FIS0DAD=U`V-WAK0C%H-'5F55I3=W%&<E1&531X5C)+=7A606$F(WA!.V@U
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M9&EQ;F-81G9B5SAT>&-3<$1B=V\P:S`P:D)%4D4F(WA!.T976FU.04%!2VMN
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M1G`K;C,X9&Q::CE+,CAS2U=V=T-X,6DY4SAK9W0Q4U=-45-1*VEI4GEB9T1F
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M:G`O3&DX;#@X4BM9<FY5<F53>&AL13!7;DI:;4M3<7=2>%5E9%HK16Q:64E:
M4S=1;"\S84M'0TQX>%9"-GHK5$YJ9G9/,6YQ,"LF(WA!.VM+*W-P<G-%1FQ"
M8FE&2C%3,%9I,&-I4TLP;&).;5=18V%'4G53=4MH;%@O,E$]/3PO>&UP1TEM
M9SII;6%G93X*("`@("`@("`@("`@("`@/"]R9&8Z;&D^"B`@("`@("`@("`@
M(#PO<F1F.D%L=#X*("`@("`@("`@/"]X;7`Z5&AU;6)N86EL<SX*("`@("`@
M/"]R9&8Z1&5S8W)I<'1I;VX^"B`@("`@(#QR9&8Z1&5S8W)I<'1I;VX@<F1F
M.F%B;W5T/2(B"B`@("`@("`@("`@('AM;&YS.GAM<$U-/2)H='1P.B\O;G,N
M861O8F4N8V]M+WAA<"\Q+C`O;6TO(@H@("`@("`@("`@("!X;6QN<SIS=%)E
M9CTB:'1T<#HO+VYS+F%D;V)E+F-O;2]X87`O,2XP+W-4>7!E+U)E<V]U<F-E
M4F5F(R(*("`@("`@("`@("`@>&UL;G,Z<W1%=G0](FAT='`Z+R]N<RYA9&]B
M92YC;VTO>&%P+S$N,"]S5'EP92]297-O=7)C945V96YT(R(^"B`@("`@("`@
M(#QX;7!-33I);G-T86YC94E$/GAM<"YI:60Z0S0V-C4Q-3`W-T(R130Q,4$S
M03E$-38T0S1$0T,W1#4\+WAM<$U-.DEN<W1A;F-E240^"B`@("`@("`@(#QX
M;7!-33I$;V-U;65N=$E$/GAM<"YD:60Z0S0V-C4Q-3`W-T(R130Q,4$S03E$
M-38T0S1$0T,W1#4\+WAM<$U-.D1O8W5M96YT240^"B`@("`@("`@(#QX;7!-
M33I/<FEG:6YA;$1O8W5M96YT240^=75I9#HU0C(P.#DR-#DS0D9$0C$Q.3$T
M03@U.3!$,S$U,#A#.#PO>&UP34TZ3W)I9VEN86Q$;V-U;65N=$E$/@H@("`@
M("`@("`\>&UP34TZ4F5N9&ET:6]N0VQA<W,^9&5F875L=#PO>&UP34TZ4F5N
M9&ET:6]N0VQA<W,^"B`@("`@("`@(#QX;7!-33I$97)I=F5D1G)O;2!R9&8Z
M<&%R<V54>7!E/2)297-O=7)C92(^"B`@("`@("`@("`@(#QS=%)E9CII;G-T
M86YC94E$/GAM<"YI:60Z0S,V-C4Q-3`W-T(R130Q,4$S03E$-38T0S1$0T,W
M1#4\+W-T4F5F.FEN<W1A;F-E240^"B`@("`@("`@("`@(#QS=%)E9CID;V-U
M;65N=$E$/GAM<"YD:60Z0S,V-C4Q-3`W-T(R130Q,4$S03E$-38T0S1$0T,W
M1#4\+W-T4F5F.F1O8W5M96YT240^"B`@("`@("`@("`@(#QS=%)E9CIO<FEG
M:6YA;$1O8W5M96YT240^=75I9#HU0C(P.#DR-#DS0D9$0C$Q.3$T03@U.3!$
M,S$U,#A#.#PO<W12968Z;W)I9VEN86Q$;V-U;65N=$E$/@H@("`@("`@("`@
M("`\<W12968Z<F5N9&ET:6]N0VQA<W,^9&5F875L=#PO<W12968Z<F5N9&ET
M:6]N0VQA<W,^"B`@("`@("`@(#PO>&UP34TZ1&5R:79E9$9R;VT^"B`@("`@
M("`@(#QX;7!-33I(:7-T;W)Y/@H@("`@("`@("`@("`\<F1F.E-E<3X*("`@
M("`@("`@("`@("`@/')D9CIL:2!R9&8Z<&%R<V54>7!E/2)297-O=7)C92(^
M"B`@("`@("`@("`@("`@("`@(#QS=$5V=#IA8W1I;VX^<V%V960\+W-T179T
M.F%C=&EO;CX*("`@("`@("`@("`@("`@("`@/'-T179T.FEN<W1A;F-E240^
M>&UP+FEI9#HX-S-$.#)&,34R131%,#$Q.$8Q-D8T,$1"1C8T1C$R0SPO<W1%
M=G0Z:6YS=&%N8V5)1#X*("`@("`@("`@("`@("`@("`@/'-T179T.G=H96X^
M,C`Q,2TP.2TR,50Q,#HQ,SHS-RTP-#HP,#PO<W1%=G0Z=VAE;CX*("`@("`@
M("`@("`@("`@("`@/'-T179T.G-O9G1W87)E06=E;G0^061O8F4@26QL=7-T
M<F%T;W(@0U,U/"]S=$5V=#IS;V9T=V%R94%G96YT/@H@("`@("`@("`@("`@
M("`@("`\<W1%=G0Z8VAA;F=E9#XO/"]S=$5V=#IC:&%N9V5D/@H@("`@("`@
M("`@("`@("`\+W)D9CIL:3X*("`@("`@("`@("`@("`@/')D9CIL:2!R9&8Z
M<&%R<V54>7!E/2)297-O=7)C92(^"B`@("`@("`@("`@("`@("`@(#QS=$5V
M=#IA8W1I;VX^<V%V960\+W-T179T.F%C=&EO;CX*("`@("`@("`@("`@("`@
M("`@/'-T179T.FEN<W1A;F-E240^>&UP+FEI9#I#-#8V-3$U,#<W0C)%-#$Q
M03-!.40U-C1#-$1#0S=$-3PO<W1%=G0Z:6YS=&%N8V5)1#X*("`@("`@("`@
M("`@("`@("`@/'-T179T.G=H96X^,C`Q-2TP,BTQ,E0Q,#HU-#HP-"LP-3HS
M,#PO<W1%=G0Z=VAE;CX*("`@("`@("`@("`@("`@("`@/'-T179T.G-O9G1W
M87)E06=E;G0^061O8F4@26QL=7-T<F%T;W(@0U,V("A7:6YD;W=S*3PO<W1%
M=G0Z<V]F='=A<F5!9V5N=#X*("`@("`@("`@("`@("`@("`@/'-T179T.F-H
M86YG960^+SPO<W1%=G0Z8VAA;F=E9#X*("`@("`@("`@("`@("`@/"]R9&8Z
M;&D^"B`@("`@("`@("`@(#PO<F1F.E-E<3X*("`@("`@("`@/"]X;7!-33I(
M:7-T;W)Y/@H@("`@("`\+W)D9CI$97-C<FEP=&EO;CX*("`@("`@/')D9CI$
M97-C<FEP=&EO;B!R9&8Z86)O=70](B(*("`@("`@("`@("`@>&UL;G,Z:6QL
M=7-T<F%T;W(](FAT='`Z+R]N<RYA9&]B92YC;VTO:6QL=7-T<F%T;W(O,2XP
M+R(^"B`@("`@("`@(#QI;&QU<W1R871O<CI3=&%R='5P4')O9FEL93Y"87-I
M8R!#35E+/"]I;&QU<W1R871O<CI3=&%R='5P4')O9FEL93X*("`@("`@/"]R
M9&8Z1&5S8W)I<'1I;VX^"B`@("`@(#QR9&8Z1&5S8W)I<'1I;VX@<F1F.F%B
M;W5T/2(B"B`@("`@("`@("`@('AM;&YS.GAM<%109STB:'1T<#HO+VYS+F%D
M;V)E+F-O;2]X87`O,2XP+W0O<&<O(@H@("`@("`@("`@("!X;6QN<SIS=$1I
M;3TB:'1T<#HO+VYS+F%D;V)E+F-O;2]X87`O,2XP+W-4>7!E+T1I;65N<VEO
M;G,C(@H@("`@("`@("`@("!X;6QN<SIS=$9N=#TB:'1T<#HO+VYS+F%D;V)E
M+F-O;2]X87`O,2XP+W-4>7!E+T9O;G0C(@H@("`@("`@("`@("!X;6QN<SIX
M;7!'/2)H='1P.B\O;G,N861O8F4N8V]M+WAA<"\Q+C`O9R\B/@H@("`@("`@
M("`\>&UP5%!G.DAA<U9I<VEB;&5/=F5R<')I;G0^5')U93PO>&UP5%!G.DAA
M<U9I<VEB;&5/=F5R<')I;G0^"B`@("`@("`@(#QX;7!44&<Z2&%S5FES:6)L
M951R86YS<&%R96YC>3Y&86QS93PO>&UP5%!G.DAA<U9I<VEB;&54<F%N<W!A
M<F5N8WD^"B`@("`@("`@(#QX;7!44&<Z3E!A9V5S/C$\+WAM<%109SI.4&%G
M97,^"B`@("`@("`@(#QX;7!44&<Z36%X4&%G95-I>F4@<F1F.G!A<G-E5'EP
M93TB4F5S;W5R8V4B/@H@("`@("`@("`@("`\<W1$:6TZ=SXX+C4P,#`P,#PO
M<W1$:6TZ=SX*("`@("`@("`@("`@/'-T1&EM.F@^,3$N,#`P,#`P/"]S=$1I
M;3IH/@H@("`@("`@("`@("`\<W1$:6TZ=6YI=#Y);F-H97,\+W-T1&EM.G5N
M:70^"B`@("`@("`@(#PO>&UP5%!G.DUA>%!A9V53:7IE/@H@("`@("`@("`\
M>&UP5%!G.D9O;G1S/@H@("`@("`@("`@("`\<F1F.D)A9SX*("`@("`@("`@
M("`@("`@/')D9CIL:2!R9&8Z<&%R<V54>7!E/2)297-O=7)C92(^"B`@("`@
M("`@("`@("`@("`@(#QS=$9N=#IF;VYT3F%M93Y(96QV971I8V$\+W-T1FYT
M.F9O;G1.86UE/@H@("`@("`@("`@("`@("`@("`\<W1&;G0Z9F]N=$9A;6EL
M>3Y(96QV971I8V$\+W-T1FYT.F9O;G1&86UI;'D^"B`@("`@("`@("`@("`@
M("`@(#QS=$9N=#IF;VYT1F%C93Y-961I=6T\+W-T1FYT.F9O;G1&86-E/@H@
M("`@("`@("`@("`@("`@("`\<W1&;G0Z9F]N=%1Y<&4^5'EP92`Q/"]S=$9N
M=#IF;VYT5'EP93X*("`@("`@("`@("`@("`@("`@/'-T1FYT.G9E<G-I;VY3
M=')I;F<^,#`Q+C`P,#PO<W1&;G0Z=F5R<VEO;E-T<FEN9SX*("`@("`@("`@
M("`@("`@("`@/'-T1FYT.F-O;7!O<VET93Y&86QS93PO<W1&;G0Z8V]M<&]S
M:71E/@H@("`@("`@("`@("`@("`@("`\<W1&;G0Z9F]N=$9I;&5.86UE/DA6
M7U]?7U]?+E!&0CL@2%9?7U]?7U\N4$9-/"]S=$9N=#IF;VYT1FEL94YA;64^
M"B`@("`@("`@("`@("`@(#PO<F1F.FQI/@H@("`@("`@("`@("`\+W)D9CI"
M86<^"B`@("`@("`@(#PO>&UP5%!G.D9O;G1S/@H@("`@("`@("`\>&UP5%!G
M.E!L871E3F%M97,^"B`@("`@("`@("`@(#QR9&8Z4V5Q/@H@("`@("`@("`@
M("`@("`\<F1F.FQI/D)L86-K/"]R9&8Z;&D^"B`@("`@("`@("`@("`@(#QR
M9&8Z;&D^4$%.5$].12`R.#@@0SPO<F1F.FQI/@H@("`@("`@("`@("`\+W)D
M9CI397$^"B`@("`@("`@(#PO>&UP5%!G.E!L871E3F%M97,^"B`@("`@("`@
M(#QX;7!44&<Z4W=A=&-H1W)O=7!S/@H@("`@("`@("`@("`\<F1F.E-E<3X*
M("`@("`@("`@("`@("`@/')D9CIL:2!R9&8Z<&%R<V54>7!E/2)297-O=7)C
M92(^"B`@("`@("`@("`@("`@("`@(#QX;7!'.F=R;W5P3F%M93Y$969A=6QT
M(%-W871C:"!'<F]U<#PO>&UP1SIG<F]U<$YA;64^"B`@("`@("`@("`@("`@
M("`@(#QX;7!'.F=R;W5P5'EP93XP/"]X;7!'.F=R;W5P5'EP93X*("`@("`@
M("`@("`@("`@("`@/'AM<$<Z0V]L;W)A;G1S/@H@("`@("`@("`@("`@("`@
M("`@("`\<F1F.E-E<3X*("`@("`@("`@("`@("`@("`@("`@("`@/')D9CIL
M:2!R9&8Z<&%R<V54>7!E/2)297-O=7)C92(^"B`@("`@("`@("`@("`@("`@
M("`@("`@("`@(#QX;7!'.G-W871C:$YA;64^4$%.5$].12`R.#@@0SPO>&UP
M1SIS=V%T8VA.86UE/@H@("`@("`@("`@("`@("`@("`@("`@("`@("`\>&UP
M1SIT>7!E/E-03U0\+WAM<$<Z='EP93X*("`@("`@("`@("`@("`@("`@("`@
M("`@("`@/'AM<$<Z=&EN=#XQ,#`N,#`P,#`P/"]X;7!'.G1I;G0^"B`@("`@
M("`@("`@("`@("`@("`@("`@("`@(#QX;7!'.FUO9&4^0TU92SPO>&UP1SIM
M;V1E/@H@("`@("`@("`@("`@("`@("`@("`@("`@("`\>&UP1SIC>6%N/C$P
M,"XP,#`P,#`\+WAM<$<Z8WEA;CX*("`@("`@("`@("`@("`@("`@("`@("`@
M("`@/'AM<$<Z;6%G96YT83XV-BXY.3DY.38\+WAM<$<Z;6%G96YT83X*("`@
M("`@("`@("`@("`@("`@("`@("`@("`@/'AM<$<Z>65L;&]W/C`N,#`P,#`P
M/"]X;7!'.GEE;&QO=SX*("`@("`@("`@("`@("`@("`@("`@("`@("`@/'AM
M<$<Z8FQA8VL^,C(N.3DY.3DY/"]X;7!'.F)L86-K/@H@("`@("`@("`@("`@
M("`@("`@("`@("`\+W)D9CIL:3X*("`@("`@("`@("`@("`@("`@("`@/"]R
M9&8Z4V5Q/@H@("`@("`@("`@("`@("`@("`\+WAM<$<Z0V]L;W)A;G1S/@H@
M("`@("`@("`@("`@("`\+W)D9CIL:3X*("`@("`@("`@("`@/"]R9&8Z4V5Q
M/@H@("`@("`@("`\+WAM<%109SI3=V%T8VA'<F]U<',^"B`@("`@(#PO<F1F
M.D1E<V-R:7!T:6]N/@H@("`@("`\<F1F.D1E<V-R:7!T:6]N(')D9CIA8F]U
M=#TB(@H@("`@("`@("`@("!X;6QN<SIP9&8](FAT='`Z+R]N<RYA9&]B92YC
M;VTO<&1F+S$N,R\B/@H@("`@("`@("`\<&1F.E!R;V1U8V5R/D%D;V)E(%!$
M1B!L:6)R87)Y(#DN.3`\+W!D9CI0<F]D=6-E<CX*("`@("`@/"]R9&8Z1&5S
M8W)I<'1I;VX^"B`@("`@(#QR9&8Z1&5S8W)I<'1I;VX@<F1F.F%B;W5T/2(B
M"B`@("`@("`@("`@('AM;&YS.D5X=&5N<VES1F]N=%-E;G-E/2)H='1P.B\O
M=W=W+F5X=&5N<VES+F-O;2]M971A+T9O;G1396YS92\B/@H@("`@("`@("`\
M17AT96YS:7-&;VYT4V5N<V4Z<VQU9SX*("`@("`@("`@("`@/')D9CI"86<^
M"B`@("`@("`@("`@("`@(#QR9&8Z;&D@<F1F.G!A<G-E5'EP93TB4F5S;W5R
M8V4B/@H@("`@("`@("`@("`@("`@("`\17AT96YS:7-&;VYT4V5N<V4Z1F]N
M=$MI;F0^4&]S=%-C<FEP=#PO17AT96YS:7-&;VYT4V5N<V4Z1F]N=$MI;F0^
M"B`@("`@("`@("`@("`@("`@(#Q%>'1E;G-I<T9O;G1396YS93I&86UI;'D^
M2&5L=F5T:6-A/"]%>'1E;G-I<T9O;G1396YS93I&86UI;'D^"B`@("`@("`@
M("`@("`@("`@(#Q%>'1E;G-I<T9O;G1396YS93I/=71L:6YE1FEL95-I>F4^
M,C@Y,S$\+T5X=&5N<VES1F]N=%-E;G-E.D]U=&QI;F5&:6QE4VEZ93X*("`@
M("`@("`@("`@("`@("`@/$5X=&5N<VES1F]N=%-E;G-E.D9O=6YD<GD^3&EN
M;W1Y<&4@04<\+T5X=&5N<VES1F]N=%-E;G-E.D9O=6YD<GD^"B`@("`@("`@
M("`@("`@("`@(#Q%>'1E;G-I<T9O;G1396YS93I697)S:6]N/C`P,2XP,#`\
M+T5X=&5N<VES1F]N=%-E;G-E.E9E<G-I;VX^"B`@("`@("`@("`@("`@("`@
M(#Q%>'1E;G-I<T9O;G1396YS93I+97)N:6YG0VAE8VMS=6T^,#PO17AT96YS
M:7-&;VYT4V5N<V4Z2V5R;FEN9T-H96-K<W5M/@H@("`@("`@("`@("`@("`@
M("`\17AT96YS:7-&;VYT4V5N<V4Z1F]N=%-E;G-E7S$N,E]#:&5C:W-U;3XQ
M,#@W-C`X-S,Q/"]%>'1E;G-I<T9O;G1396YS93I&;VYT4V5N<V5?,2XR7T-H
M96-K<W5M/@H@("`@("`@("`@("`@("`@("`\17AT96YS:7-&;VYT4V5N<V4Z
M0VAE8VMS=6T^,3`X-S8P.#<S,3PO17AT96YS:7-&;VYT4V5N<V4Z0VAE8VMS
M=6T^"B`@("`@("`@("`@("`@("`@(#Q%>'1E;G-I<T9O;G1396YS93I0;W-T
M4V-R:7!T3F%M93Y(96QV971I8V$\+T5X=&5N<VES1F]N=%-E;G-E.E!O<W13
M8W)I<'1.86UE/@H@("`@("`@("`@("`@("`\+W)D9CIL:3X*("`@("`@("`@
M("`@/"]R9&8Z0F%G/@H@("`@("`@("`\+T5X=&5N<VES1F]N=%-E;G-E.G-L
M=6<^"B`@("`@(#PO<F1F.D1E<V-R:7!T:6]N/@H@("`\+W)D9CI21$8^"CPO
M>#IX;7!M971A/@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("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@"CP_>'!A8VME="!E
M;F0](G<B/S[_VP!#``$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0'_VP!#`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0'_P``1"`">`,T#`1$``A$!`Q$!_\0`'@`!``(#`0$!`0$`
M``````````<(!@D*!00"`P'_Q`!($``!!`("``(&!P4%!04)```$`@,%!@$'
M``@)$Q(4%1=7E1$66)>8U]@A5I;4U0HC,5%5(CA!=[88,C9VM3,W4V%Q<WF!
MUO_$`!P!`0`"`P$!`0`````````````%!@0'"`$#`O_$`$L1``("`@(!`@$'
M!P@%#`(#``$"`P0`!081$A,A!Q0B,4%1D=$54F&2H=+P%B,R0G%U@;0(-#6Q
MLQ<E)C,V8G-TP<+A\21W561R_]H`#`,!``(1`Q$`/P#LRWWI_=-QL%FFM=W.
M6'A9BK4**53&]M7[6K1DE79/8[TJ_%6"GB%G45XARRTJ9D9NO-KD[:Q3<5*<
M1B%(2K+/0?\`[Z[^SZC]/_SWGI:@U9O?6=WRU-[(>V=KZ68),GY38-HGYBZ`
MSY,6*0:JG1PH(%;A*V79O39CZZ4B2]DUP5'J$E'%J,#F6">_JZ_L^C^/\<L7
M:Q+L8(,BCV"K5XY!&5&$VNGRUR$?$\I>,,#!1%YHCPA&'LMN9*=/-:RTE;7J
M>%+P\VSS^W^/V',%]B=@?B=IS[B[M^HGC/?;[#]X_#'L3L#\3M.?<7=OU$\8
M]OL/WC\,>Q.P/Q.TY]Q=V_43QCV^P_>/PQ[$[`_$[3GW%W;]1/&/;[#]X_#'
ML3L#\3M.?<7=OU$\8]OL/WC\,>Q.P/Q.TY]Q=V_43QCV^P_>/PQ[$[`_$[3G
MW%W;]1/&/;[#]X_#'L3L#\3M.?<7=OU$\8]OL/WC\,>Q.P/Q.TY]Q=V_43QC
MV^P_>/PQ[$[`_$[3GW%W;]1/&/;[#]X_#'L3L#\3M.?<7=OU$\8]OL/WC\,>
MQ.P/Q.TY]Q=V_43QCV^P_>/PQ[$[`_$[3GW%W;]1/&/;[#]X_#'L3L#\3M.?
M<7=OU$\8]OL/WC\,>Q.P/Q.TY]Q=V_43QCV^P_>/PQ[$[`_$[3GW%W;]1/&/
M;[#]X_#'L3L#\3M.?<7=OU$\8]OL/WC\,>Q.P/Q.TY]Q=V_43QCV^P_>/PQ[
M$[`_$[3GW%W;]1/&/;[#]X_#'L3L#\3M.?<7=OU$\8]OL/WC\,>Q.P/Q.TY]
MQ=V_43QCV^P_>/PSWZU&;9%DTNW"ZZ[G8;#+R5@5K5]EJDFHA6,>0ZF7E-O7
M,1#+:OIR\QF$6M_&<)02/G&598]OJ[^__P"!DB<9YCC&.,8XQCC&.,8XQCC&
M.,8XQCC&.,8XQCC&.,8XQCC&.,8XQCC&.,8XQCC&.,8XQCC&.,8XQCC&.,8X
MQCC&.,8XQCC&.,8XQCC&.,8XQCC&.,8XQCC&.,8XQCC&.,8XQCC&.,8XQCC&
M1?N#;]+T=22;]?35`P(TE$1/IH>C1EN'39[,>&WZS,R,3%"M(6ZHDHF0D@Q1
M@QR'W'O[O"5,?3GR:ZW90]I25@B*H6>Y)5@^1CY@21CGHUQER.-P!E]CUC.,
M&C$/^:A*P\OK`?&*CIMN*EF51_&,SZ>M%9JH[!=GL4%7!27LCC$STO'PXY!&
M$*<RPP]($#MNO8;0IS+3:E+]!*E>CZ.,YPQF+>^'4GQ2US_&]9_J?&,>^'4G
MQ2US_&]9_J?&,>^'4GQ2US_&]9_J?&,>^'4GQ2US_&]9_J?&,>^'4GQ2US_&
M]9_J?&,>^'4GQ2US_&]9_J?&,>^'4GQ2US_&]9_J?&,\6R;GU8/79\@/:NO6
MRV(65>%6U=JUEU!+0+ZV%M8Q)9SEQ+J4Y1C&,YRK&/V9Y]JRJ]BNC#M6FB5@
M?H*M(H(/]H/6?&PQ6O.RGIEAE92/I!",01_8??,)TCO/7TSI?4,Q9-M44NQ2
MVKZ!)3Y<A=:VD\J:.JD25*$')5(H4DQXYU]PE*D(5AY2\92G/[,9V[ABK[K;
MUX46.&#:7X8HU]ECBBMRI&BCZE5%"C]`S"TLLMC3ZF>9VDFFUE"661OZ3RR5
M8GD=O^\SDL?TG)0]\.I/BEKG^-ZS_4^1>2>/?#J3XI:Y_C>L_P!3XQCWPZD^
M*6N?XWK/]3XQCWPZD^*6N?XWK/\`4^,8]\.I/BEKG^-ZS_4^,8]\.I/BEKG^
M-ZS_`%/C&/?#J3XI:Y_C>L_U/C&/?#J3XI:Y_C>L_P!3XQCWPZD^*6N?XWK/
M]3XQCWPZD^*6N?XWK/\`4^,8]\.I/BEKG^-ZS_4^,8]\.I/BEKG^-ZS_`%/C
M&>M"[#H%D.3&5V\4^?DE-N/)CX6S0LH<IEG&,NNI$!-??RVUC.,N.8;]%&,X
MRK./IXQF8<8S$KM2*]L*`)K-G;EW(DM25/I@[-9JA(YQA#C2VVYRH3$%.,,$
M#O/BFCL2+;!P;[X1C;XK[K*V,QP+2^L(VXQ=_CZB"%;(4+$=%R8I,DPT$$B#
M9K(X[46V:F(]`&`9]DQF5@*5%A$'LQRA<2<CZTQDAG1L=)MH:DH\*0:;7YC;
M9PK!;:'/HRGTT(?;<2E?HYRGTDXQGZ,YQ]/T9SQC/,^J=5_=FO\`R:._EN,8
M^J=5_=FO_)H[^6XQCZIU7]V:_P#)H[^6XQCZIU7]V:_\FCOY;C&/JG5?W9K_
M`,FCOY;C&/JG5?W9K_R:._EN,8^J=5_=FO\`R:._EN,9CUNJE635+.I-:@,9
MQ7IK.,XAX[&<9Q&DYQG&<#?3C.,_MQG'^',BI_K5;_S$/_$7/A:_U:Q_X$O_
M``VR.^N=6K#G7O1#CE<@5N+TUK!:UKB(]2UK52(-2E*4H?*E*4K.<J5G.<YS
MG.<Y^GDAR'_;^\_OC9_YV?(_C_\`L'2?W1K?\G#DR_5.J_NS7_DT=_+<A\E\
M?5.J_NS7_DT=_+<8Q]4ZK^[-?^31W\MQC'U3JO[LU_Y-'?RW&,?5.J_NS7_D
MT=_+<8Q]4ZK^[-?^31W\MQC'U3JO[LU_Y-'?RW&,?5.J_NS7_DT=_+<8Q]4Z
MK^[-?^31W\MQC'U3JO[LU_Y-'?RW&,?5.J_NS7_DT=_+<8Q]4ZK^[-?^31W\
MMQC/J#@8*.>P3'PL2"1A*D8?#C@QGL(7_P!Y.'664+PE7T8])/I?1GZ/VXSQ
MC/6XQCC&.,8XQCC&.,8XQCC&.,8XQCC&8[;_`/PG:/\`R[-_^FD\R*G^M5O_
M`#$/_$7/A:_U:Q_X$O\`PVR.NN'^[QH;_DQJ[_H>#Y(<A_V_O/[XV?\`G9\C
M^/\`^P=)_=&M_P`G#DS\A\E\<8QQC'&,<8QQC'&,<8QQC'&,<8QQC'&,<8QQ
MC'&,<8QQC'&,<8QQC'&,<8QQC,=M_P#X3M'_`)=F_P#TTGF14_UJM_YB'_B+
MGPM?ZM8_\"7_`(;9`_7*\Q*=>:"UID>0]NN]9=:7E)7E#>R<1+$'6X!8^7_6
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M09?6C3NL=RV<F:4/8(7:.Z9G2<5$P.`2'4RD=.0NI]N/R\@J00*)F*>AXMI(
MSSIGM+*V$BO,#KZR1_8._P#U&5/]\?BO?83ZA?C\O?Z*N,]Z3\YOU1^_F(&]
MF?%$`OU:UR_T6ZG8L5JJ%XNT4VCO?>7(]4+0)K7L%/K*D<]-D+%,;.V56D@A
M)CR4GL.2+ZS`<QJ&)&1BH"347MGZA!J;'5T!%X@AQL:VXL&0OY=J8CJPH4*0
MXF)++X`-'RW1'M:6M\"5MZ_9WC+]!0Z^SJ(!&$[(82C9LQ8L"AA4!6\R4R_W
MQ^*]]A/J%^/R]_HJY'9(=)^<WZH_?Q[X_%>^PGU"_'Y>_P!%7&.D_.;]4?OX
M]\?BO?83ZA?C\O?Z*N,=)^<WZH_?Q[X_%>^PGU"_'Y>_T5<8Z3\YOU1^_CWQ
M^*]]A/J%^/R]_HJXQTGYS?JC]_*\=M]O>)Z1U>[!,6[IEU;JM6>T_L!NPV6O
M=X[O8IV"AUUJ13(2L/`O=0J\U,2((V7"!(UR=B$&/(0PJ1$PO+Z+/PH`\OXR
M"`0=YK001V"/E47L0?IRM<R(7B?)"K,&&DV1!`ZZ/R27ZPW8_M&0CUI[&>(9
M.6C0@U3Z@]8Y>9>Z%:FM-;$F.YMNK29W5MBD8=N%MQ;+75FP$0UA<*C&&IBH
M,^W`83$D*G%ODEY;\^P\NHM5K<E927AC^)&\HJQ![\JL<Y!<@>(,B2=J![DI
M)[`+[U_B=V.U9XVK?,FD^'6EO,H\2.K,D`*H"_D5C:/IF(]O./OW.7U]\?BO
M?83ZA?C\O?Z*N:WS8O2?G-^J/W\>^/Q7OL)]0OQ^7O\`15QCI/SF_5'[^/?'
MXKWV$^H7X_+W^BKC'2?G-^J/W\>^/Q7OL)]0OQ^7O]%7&.D_.;]4?OX]\?BO
M?83ZA?C\O?Z*N,=)^<WZH_?Q[X_%>^PGU"_'Y>_T5<8Z3\YOU1^_CWQ^*]]A
M/J%^/R]_HJXQTGYS?JC]_'OC\5[["?4+\?E[_15QCI/SF_5'[^/?'XKWV$^H
M7X_+W^BKC'2?G-^J/W\>^/Q7OL)]0OQ^7O\`15QCI/SF_5'[^/?'XKWV$^H7
MX_+W^BKC'2?G-^J/W\>^/Q7OL)]0OQ^7O]%7&.D_.;]4?OY+^C]B=\++>V(O
ML%U=Z^ZHUTJ,D7B+=KGM;:=NV5J69;1F+`:ITMUMU@&\&<YEQ!<@JU-.`I0E
M:`3,KRA+/#X_423^E0/_`''_`'9<[C/,<8QQC'&,<8RM%J=^CN-HAC_XG6CM
MD[]'_P!G:72U'^?_``\__+/^/^./^-CJC_HCO&^SD?%1]^LYB?\`VY7K)_Z5
MZ5?MX]R<_=LN(C_W98J-DH^8CP)>(/"E8F5"%DHR3C2F#H^1CSF$$A'@&C+=
M&,",&=:(%*'=<8(8<0ZTM;:TJS7Y(Y(9)(I8WBEB=HY8I%9)(Y$8J\<B,`R.
MC`JRL`RL""`1D]')'+&DL3I)%(BR1R1L'CDC<!D='4E71U(964D,"""0<^WG
MXS]Y$.F-\:I[!5DBVZEMP5MAP'8`276*V0R1"R5FHM1V5%1,HP2TTH>2<IE[
MJLR^.C+N!D2S0SRTELDL,RVXT>TT-E:FUJ/4F<3M$&*E9HZUVWKI98F4GRC%
MRC:A5CUY&(L`4*L8K4;O6;VNUK5VDM11F!)2H96ADL4JNPBBD5@/&0U+M:4J
M._$2A20X91+W(G)7'&,JGWI_W,>TW_(7:/\`TA*\M'"?^V'&?[\UO^;BRM<R
M_P"R7)/[DV7^4ES7[T;_`/?[TP__``HZ+_ZTU_R^<U_V%S#_`/<F[_R=_*-P
MW_;7$?\`]0Z7_-T<W7<TWFWL<8QQC'&,<8QQC'&,<8QQC'&,<8QQC'&,<8QQ
MC'&,P79VR*?I_7MRVC?Y<6"IM$KTG9;!)F$B"ML@1@ZWU,LN'$B"K.-<2V#&
M"N$M*.D210F59>(;3G.UNNM[?84]90B:>Y>L1UJ\2*[%I)6"@D(KL$0=O(X4
MA(U9S\U3F%L=A5U5"WLKTJPU*4$EB>1V50$C4MT"[*I=STD:E@7D94'NPSPM
MP[&>UUH_:>VH8,66)H>J[SL.+CC7'&@Y$FJU*4L8@!K@ZO.:'*>`;&*4RKS6
MT+<]#.%IQS[:C7C8;K6:J9VB6]M*6OED0`O&MJU%7=T#>Q91(67L=$@=^V?'
M:WS0TVRVD*+*U+67+\<;DA)&K59+"(Y7W"L4"MT>P">O?-;U1[*"3_;#J@]<
MKQ!!RX'6/Q$[%LPB2Q&PH,)K^M]@M%5ZO6*7,6P)$1$2TK4\VE^0]8'RANM2
M1$BI#2G77=B6^./!Q;E2TZ4[POR3X?U]:L?J3/-?LZ'=V)Z\*!GEFE(VL/C'
MXMV;,:QCOH"@5>0I/R?C!MW(4E3CO/+&Q:3TX8X:-?>:6"">5RJQ11@ZR;RD
M\EZ%>1I/8DF>O"TW8-V!Z`=8MA#0C]?P+KUK6Y,>^0V3E<AIF6D]02<FPXWC
M'T!S4A1R9@%ESZ7QPSF&",Y?;<SR#^)VE;0<\Y+KVG6QY7SL5D52O4>XBCVT
M<9!_KPQW5A<CYK.C,OS2,FOAMN%WG!^.WUA:#QHC7M&S!NY-1+)JI)%(_J3/
M3:5`?=5<*WN#D_\`;&9D:YU9[+6&'DCX:7@=`;DF8N8BS"(^3BI&+UU8S@9*
M./$<9*!/!)8:*#,&>:(&(:;>9<0XA*L0/%H8[')^.5YHXYH9]]J(98I462*6
M.785T>.1'!1XW5BKHP*LI(8$$C)SDTLE?C?()XI'BEAT>VEBEC=HY(I(Z%AT
MDCD4AD=&4,KJ0RL`001FI?\`L^!S<CU.V@6TOT\*VEJ1ES/^1`O1CI\*4C_Z
MMDL/-Y_^:<_LQ_AS:GQ[0Q\IUJ'ZM;MB/TJW-N6LI_Q5@?\`'-7_``+<2<9V
M3#_^2U0/_P#I.&<51A_@RD?X9OGYHW-V97K7CSJ^P'8UI;KBFF0],Y::4M2F
MVLN5B>RYEM&<Y2CS,XQE?HXQZ6<8RKZ<XQR?V``T/'B``2VX[/7N>K4('9^O
MH>P[R!H$G>\@!)(5-1T"3T.ZTY/0^KOZ^OIS&.]/^YCVF_Y"[1_Z0E>9/"?^
MV'&?[\UO^;BSX<R_[)<D_N39?Y27-=_2&0$'[%](P'B!VB)'P3M+9#9=?:;>
M*6'<M=.O-C,K6ETA3;"UONX90O+;3:G%^BG'T\O_`#2-FX_S2158K'\9=QYD
M`D*'J;``L0.E!8!1V1V2`/?*'PZ15WW#HV90TGP@U'@"0"Q2UKR0H)[8A26/
M0/0!)]LW><TQFX<<8QQC'&,<8QQC'&,<8QQC'&,<8QQC'&,<8S&[9<JA0H,B
MS7JU5NEUL1\(8NP6R<C*Y!BDR9K$;&CD2TP4&`P_(2)0P`33A"7"S26!6$N/
MO-H4QG\Z]>*5;7#6:I;ZO9W8TLT"1;KT_%32X\Z-=98D0C4QI9.1#`'R&&3!
MB,-OC.O-MO(0M:<98S6!XYQ+XGA4]M7QGW1GDPFL$H>8=6RZG#N\=9-+2EQM
M25XPXA:FE8QG_;0M2,_3A6<9VI\$U#_%#BBLH8&?9$J0&!ZTNR/N#V/;KO\`
M1UWFL/C,Q7X:<H96*GT=<`02#[[G7`^X]_<'K](/64+W-OB.@?`TKUDM$ND6
MU;-L%TB(:%CGU9D#G[1V1N%>?2`*\7ZU]6Z]BPQK4F6\\XQ'Q[@(2W")`^,"
M.O.GT<ECXUV*]:$M5UL%2:::11Z:+6X[5L+YN%\?E$_R>0Q*H#22!W`$<<CI
M2MONXX/@W7L6)0MK8SVXH88S\]VL\@MP-X*6\OD\'KQB1B2$0HA+2/&CT*O&
MQV4]E]H/MVB$?KP7A@^(YJV2:>D&O3B;99NR/>@X")']!:?)GY&4HE<A&8U]
M2C#7I&+&`%=?.&RJ]TM>?Y.:U35F6=_B7\/=G&1&>I:E;CW"$>5NQ[P1Q7[$
MQD`\$6.5G8!&ZI%V^/Y0[(K9A:!?AQS_`%D@,@[BM6.0<S>.)>C[3R24J\(C
M8^;F2)44EURR'@<]M[3HOK;I;0%Q@<GQD]N+<U;-"E,R$;:*+/SF[.B5#I\4
MRSEAYEN+>.[>3UMGXTZ/5(+.]GC^TX1")%"J[\:^*5=WR+<[ZG/Z<E?4:>PC
MQ>G)5NP0Z;F]VW*3V"90G$X*D$B2",1^HWI3$QY8/@URBSIN/ZC1VX?..?;;
M:NR2><=FE/-M^%TJL0'1`C+\IFM3QNAD\_!?4A`D&;Y^]6PH`'J_W+HKCI35
M@CND^_M@O+\C'J+4#[OKK#)<]9\SZ<EX.$=SZOY7T>4G#GF9SGT<:,X1KYY.
M2\0N@*8).9:&@!Y?/,_R^G,1X]=>/@P^=W])ZZ^O-U\TO0)QOEM(EA/'P_>7
MC[?,$/R"Y$#Y=_TO-3\WKZ/?O-9O]G/-8.ZK]C\#-.,L1G<"SUQMMST?I3]5
M=%Z"K*O+PA2DX'RJ)4H5/TXRD;+25)0K&4)V/_I!HR<GX]Y$$R\3K621W[_*
MMWO;/OW[^74OSO\`O=^Y^G-=_`-P_&^0>(($?*K%<`__`-;2Z2N>O^[W%VOU
M^/7?1]LZ"^:%S>F4OT+MBA;`V+V#V=6+`(;33JEH&S8DLJRAT*+F-8E6T3$J
M%^TN,D$P<S'EDQ9;3<@/@AM#@^%K2G-PWNKO4-?H-;9@9+B6M[6],>X>6'9B
MH_I/_0D0SPR(LB$QMXDAO8Y4=)LZ5[8;W8UYT:H]716/4)Z*1S:Y[2^JG]*.
M3T98V:-@'7R`([/6>1W5V-5;+X<W9;;-0DQ[12IWJ=LC8%9EXY2T#6"M2.M)
M*PQ!P2B&FW6VY2->'>8]88;=;P^G#S*%I6C'VX;KK5?XA<<U5N-JMR'E.NU]
MF*0`M7LQ[&.O*C^)()BD#!O%B#U\TD='/GRZ_6L<"Y#M*LBV:<W&-A>KRQDA
M9Z\FNDGB=/(`@21E2OD`1W[@'L9J0Z<VSZQ][_#+]35G,(/X+^DG`,.CI:)P
M=-M[`$E?-5Z2E9;7B@@Y8;^GZ$^4XYC_`-LK&-K<NJ_)^#_$D./Y]OC#N0_3
M$KX0-0:/H===CY<_9_2!]6:MXG:^4<U^'?@?YE?A'IR@*@-YS"\LO9]_8_(4
M\1W]1/UG-O.J>QL38NW&]]!!V`>VOQITK:&5"6-$@/0HZE4+KM7C*TW&-,DC
ML+F;M=KH](,-R`C\-.UN98/CG2Y-3@NI]IQZ6OQ31[UZ[55DCBK-YUS&UZ2Y
M?Y!82R9"59O1I4Z0C8QNLT%B)HY`L73;3UF_BGY3NM&DXM,CRV5*SB1:4=.E
MH8'KB,!E4RW+ELN`ZM%-7E5XRTG:W=Y2\N..,8XQCC&.,8XQCC&.,8XQCC&.
M,8XQCC&0CNS15<W?`N0L[+3<6I0Z16G!UA3<0TW@MDS!F:7:Q)VD.6$(AAHF
M"MZJ]];*\4RCV1-#`OR4?(,]!Z_C\/?/+IW72J4&_P"+Y4Y^UP?K`RFINJQA
MD<!5;67[*3')FK;'AQ;#UCL+A;A]A+GY4HF8)L4@2<DU@<D\(YCO^/X_W?1F
ML3QTQR-A=?=*=7P;2FKD]J^P-5UB::V:>Z2#`0,=);(/GU54*<A6;9'1,K3X
M`0L24R_'!%3,:3AP*25&D8W+\%$CI\AVG*9*TEG^2.CM[6&-7:**2Q9*ZM:\
MLP1U1I8+UAX_)6),+,J-X,1J#XR/)<T&LXQ%8CKGEFZJ:N61D662*O7#;-IX
MX2\;.L<U*NDA5E`$RJS#S`/-ALS8U$W?U!Z<=>M5M;#MVWF]1]@MSS$7G8-D
M/@(RF1O;0NWE-X@I>[O0]?E*]JK0FP+U98X2)CWW0D5J:0B6ECHXH?H/5Z*Q
MH>8\RY+LI(:NLEVO']-&["4L]QN(_($*>,15HK&RW]&E`ZDJ9C.'],0MF@]I
MO(-YQ'A_'-=')9V4>KW^W=$]+I*B\L-YPY,@*2U]=HKMR:-@&6'T2@?U1GXC
M=5S>Q=97.Y0F)>2L-R[(US4SQ@5PMIL@/*[%V=XG#!D2?&L314F6-*24CK^3
M6-EB1-->P5(O-.NS,N3*_J2S4UNSHU)GDC@H\;GV2I(2(W@UVK^%Y282.5B,
MD<5.Y'ZKE?'RD0./-QGY2O;V&NNVX422>[R*#7.T8!D6;8;+XEAX2B`R".62
MW4?TD#>16)_`^FA'P^)A9D]89FS0>DG[%2)6;[7]UZX%,0FP-AQTK2QJ/M7I
MC=*38*J^':F<!V*,/U#$1K<H4@MYP<://=RY.5BI2D#]/AIJHN0Q4YMP6O15
M.*<*E,-H)9CNFSJ>;Z^W!=$ZR>O%+%O+$L@8^4DOB79D+JWX^(NTET$MN+4A
M:4MKE/,HA-6+5Y:?R;;<,OU9J9@:/T)8I='6CC('BD8;P4.%99V\6/M3-4RO
M=3[7IN_76ZU+M'X=$U6MIKF-Y;<O0,EB^OIK<Z5*&,[,.CR9RJ6A$O#R,'+N
MRM79G')^%F*^08\XEFO_``FX-1GGY33VM5JEKC'Q)J['5]0)7DCEUBM9KQQ+
M/#ZJTK=9HIO3B$7K0"O,&*(N3_Q3YM>AAXQ;U=I;57DGP[LZ_9=RM-')'L2*
M]B20P2^DUVK962+SE]3T9C/$5#NW4HT:RS'0WJ).@4:XW:L;%OGB];%T@H,#
M9^R:TQ/T$ZJR55E+-]7X*Y03)9$`V'3;"):'@BRW9X:K"3Q$E7Y!R),BMMI*
M/Q$Y=6GV4#3T-=\(]=ME:%WC$%R*TEN&N\D72EK#27*\D;$-\G:P8BDT*21R
M>JW5[X?\4LPZZ9(+NP^*^PU;+,D<AFIRU9*DLZQRCR"P"*G.DB@J+"P"4/#,
M\<FY+O#V+I'7:RLZSC;3MR*O+NWNK[,$./V%WT<?9-<6O;^LH/;[;PTKLW(.
M%8A+B+7AO4W!Y)E$ZY+"/LN1:WF],<*X'_*"LVRD1I:0U/)6G9F9(ZVPJZG9
M3ZDAHCY_]=3>PWF&C)@$3JPE"G</,>=?D&RNOC98KAVG'!"JI&[V*%G::^#:
MJ5E'@/YFVD"^)611,9593&2-26IGJ]6NB_<"W3$M=G'8;:?A:@EX&VOLJ.::
MA[?0NG!,[)2,2#:VP)=;.9>7S%+D@GE1;;0PD*_&MQH*1=P;?7&WSKA]>(%?
M+4_%)H_F^2M+#?YF(XP3]']&/W[)7OR`[(S4FKV'R7A7+II"&"[3X8K)[@,L
M4E'B+22'H$D>[GKV#>Z]C(;Z]]GJMNCI+VSUZ]?-DUN%T'X2E4HB];R>\]Q-
M4Y.Y:]8]F4.Q3R*?)V*(J#1=J`F=;Q":>)&2%?6,_#08@QCR2QVY;?\`"&T_
M.^*;@518L[SXMV]J+\42&4ZNU#K+\%9FBEE9ZU62OL)?-P@0BQ*4C1^VC-%S
M0;?A'*-2;/R>MI?A34U9HR2-Z8V=:;949["B6.(+8M1ST(BL9?S!@B#R.G2X
M+U_W5"C6CK=L1^=LFLB*#X3-CKP4RK>-^@G2KCKN"[GQ=.=@K$FRPIM6;L-G
MJM:S#4:!+9A1Y8M<9$@$KE"6S9#D/%Q+4Y+K?"39)M/BU#L)8DK,Y2OL;'#)
MKB/$C2>I#7K3SB21O%/15I'5`"1'Z#DQBM\<V7G'KWUOPIEH12O.BA[&OK\P
MBJ.DC+'Z<T]B&#TT!+^JRQHSDCN-?")M%PV?XM5>;O6Q]G31]VVAMF)M4LG:
M6P(FSV2&!TYV0M2`96S0MFCK(<"S986$EW&G9-;63QF7'<*R^[AZ3^+6HUVO
M^$,]:E1@@KTM5J9*R+'Y"O,^ZXU!ZD;OY,DK5Y)H?,-YF%Y(^_!F&1OPKVNP
MO_%B"S<NS36+FTVJ669_$V(ET_(Y_"1$\4>)9TBF\"I03)')T'52.[3W$4C_
M`%S<OXC.PGYG\X4SMWL_H^X?ACW$4C_7-R_B,["?F?QCL_H^X?ACW$4C_7-R
M_B,["?F?QCL_H^X?ACW$4C_7-R_B,["?F?QCL_H^X?ACW$4C_7-R_B,["?F?
MQCL_H^X?AF-V[6VIZ)7I"U6NV[CB8"+]4P?(+["=D"TC^OG#1HGTC@;'*+<\
MTTP9C^Z87Z&7/,<]!I*UIR*E2Q>L1U:L?JSR^?A&&1?+TT:1_G.RJ.D1F]V'
M?70[)`./:MP4H)+5J18H(O'SD*%O'S=8U^:B,Q[=U7V4]=]GH=G,D]Q%(_US
M<OXC.PGYG\Q\R.S^C[A^&83$T;5TS?;GKH66WJF=HL)2Y^8>?[#;\3'.@WMR
MTM0R0'T;:<)>?:7493!Z"!!6V<+$\ATKS'?(S9:$T-&GL',9@O37((0I8R!Z
M(JF;S!4*%(MQ>!5V)Z;R"]#RPXK\4MVW04-Z]*&G/*2B",I=-D0A&!+%@:DO
MF&50.T\2W9\<V]Q%(_US<OXC.PGYG\PLS.S^C[A^&/<12/\`7-R_B,["?F?Q
MCL_H^X?ACW$4C_7-R_B,["?F?QCL_H^X?AF05K5M9J<HB7BY/8I1:&7F,-67
M<&V[I%Y0_C"5J7!W&[SL*MY.,8\DE<>H@?/TJ'=:5G.<L=_V?<!_NR1>,\QQ
MC'&,T;^*13U7SN]X2%7:ROUHW8_:HP!*%M->;*0FFH*=BAUN/XRTVR3)1HHY
M#BLI]!AQQ25MJQA:=U?#*V*/"_BM9/7BFNXNDG8)ZBGW,T$K`#W++'(S*!_6
M`]C]&:;^)%7Y;S'X75AWY/L.2NG1`[DAU,,T2DM[!6DC56/U*3[@^^<POA4]
M1INQN;[W<+88L3.M^L/;`EZ.6R=B;>8E>HC]8*%BC!\^JMN$2W9&JR"7'?0R
MTQ33\(<4Z8+]'2_Q1Y9#7&BTK5Y6_*/)>+*L@*&$-%RQ;*O*C?.(6+CMI.AW
MY-<3L`(V<Y_#/BLTYW>X6>-/R?QWDS&/I_6*R\6:LRQ.OS06DY!6D!/70J/T
M277+X>'O`6/W%4\MV:\X:.\:;I-L,1_UAWTCZ;MBM0UIAV!ULY<4[DYC:H,H
M6R:MM64/&I)0T3C`F*+SZQ7_`"W;00^+2_!SF>O=?$?S=S569JLS,#UUX'5/
M$I0'W">)*_/RZ\%@L?D6JQF[6/XN\/OH?(_/J;2O#9A"D=]^:[-)&#D>Q<,`
MWS,Q3QN>N[N[_$8IO7O4PT3'W39%@ILO&0?I,1$4BS;2J$DJRRR&VFAXUN5O
M!FKA23"S5MXDK(*_(2TB%[2/D%9?P8Y`-)\/KF_VK324]=7N123?.EE-?67(
MA6B)):0Q4DV;*BH#Z=9A'%&_II'F-\8="=SSVIHM6L4=N_/4ECA]HHA8V520
MV)0`%C$MQ]:K,SD>I84O+(GJ/(8_\(+H7LKMGNM[6':H&8K=`Z!-5N!EM3SP
M9%,NS<;MRYW7>U2C@R&(;+DE7W=F4XJQR+\@_P"LV&I7U3M>LC<0)",JS_BU
MSG6\6TPV?%Y(;-[GAL3P[2!UN4C)JJ=/1VY'4S=1V!K;BUXU0>->W1ZL5C,\
MS#`^%?"=AR?;G6\E26O1X.*\$NLG1JEP1[2W;W56-&6+N2`[&HUB1G;RGJWB
M8+`B6$9X7C-ZQL<OXDVR]6:N455HNB4N4[1QP3\[,(C"[E9:E!62?G8,,U)P
M;<W)7T-U]PO+K$>TT^]%,+CH^%%!Q]O@]LJT/PZUVTV?C:DO7(N,2.L$)E2G
M6M3UX()G3P<PQT'"A0&D)42D223,^?'XMZZQ-\0=AK=;Y5HZ-.3DD:--*(WM
MV*L-B>>%'\T$TEU2Q<E4`+1@QI"J9C?>KM(5V`[7]6M]SXST)72.K/6[>T]'
M/*8(*C%1^X*;([&DDN,Y0DGS8G6OM`0)OZ7,I80,UYC[G^UD\(XPNAXKR?15
MV$]A>3\CT<$@\E63U-1=BUT?1_H]2['TW<^WOY'I1GPYGR5MYR?C>[G4P5VX
MWQ_=3QGQ9H_#;5)+\@(Z\NXM?YH@]_;Q';'WURZ5W5=K#J?MVW8+4N0L,UKG
MKA&BK*#"R\B"U_OC0$%%.",LB-`HS!Q]-U]$>DZTI9(@+"2$DN/%OJV%NM-2
MK[3B9@JB.O#L.12,%=_$SW]'OIY0[%RY]=[FPE]B/%W8J5`0#7^HW%R?6\I$
M]DR3S:_01J61"PAH[O1PQ%0%"#T4J48O<'R1%#!B6.6HV9J*)ZWJ\6?6H,NL
MH:6U'5K+5P2&'&S@JHKO[JJN@!$D>DIL\@&/5#*+/PV$DER1QY0:$-J5FLZW
M;2\B_P"2O8O"%:+;6JUEU8%'M#@FTL2.J^QC5W$W@G;E1'[N20,LNQU47'S\
M3M>DODLNKK6*R,I\TJGF^MKQHS?0[)&8?)^D\C)[)T#E1]\R!T9I'K"6`KT'
M5=;Z9'O+\I+J4@S6V.Z,(>E6%I4E'G!R+XZ7?HPIIQU"VE)=PVK%KT<:2[KD
MB2#L#D-V0#LCY\.LX;/&?;HGIXU8CZ"`0>QWE8W<CQZ?CK(>C_)^E&3T#\R;
M9<NAD'N"!Y)(5[^D$@@@]9MB\$+6/F]@-0=KE008=DD=S;585-$8D#0\U6TG
MZAU$5`Q"'5>S0YD*:WG*//&)1F1]DFBH??\`**&95JOXT[+QT.VXJ)W>M%IM
M4?17TT?Y563;;99YB!ZCPO#I(@$)]/U4<J.U8C9WP=UW>\U7)_05;$FWV:^J
MWJ.GR:R^KU30Q`_S:3)-N927Z\_2=?(],JGO&YPYG:F.,9\(<G&R*S&X^0!.
M<CC'8Z00&6.4L"080TZ\"8EAQ:A3&6R&''1G\(>;0\TM:,)<1E7[>*2,(9(W
M02()(RZ,H>,D@.A8#R0E6`9>P2I`/L<_"21R%Q'(CF-S'($96*.`"4<`GQ<!
ME)4]$`@D>XS[N?C/WD/[LW+6]*Z]V)=)5P&0E:)I_:FY1ZF[*M1)M@K>I802
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M9#1H^,^6)'`"B,I2TRA.-2\A@AK["&."-(D;2\:G98U"J9K/'-59L2$#V+S3
MRR32-]+R2,Y[+$YM7032ST)GFD>5UW'(H0SL6815N0[2O!&"?ZD,$4<4:_0L
M:*H]@,U^4WM-`4SQ9>S&B[7/%%8V%0NJ50UW%1P`Y[<5<XW6'9G;\X!,F#K0
M1$-&4VLR4H/@[#N'"BHQ"<,,R#3V;[<XQ/<^%?&]W5@13K[W*;>PEDD:,RTY
M-GQO4P/"C`K*R7+4<1\/'I%D)[,9&4:IR2"I\3^1:6S,S_+Z7&*E".-%<16X
M]=R+:S1S.I!B#U*\D@\^^V:,>P<'-BU3WYJRW52O6QBTQT,Q8:MJ"VXAY\V/
M!GX6/WP2S&ZJ%G@6##&@9"WSCRJ[#M-%$CR$X,4``46IG*\Z^M:+9U;5BJ:T
MDS06MM5]:!)'@FDT:M)M&@=D0O'4@'RB4E%:.!EDD5.^LOM7=ZVU5@M+9CA6
M>MJK7I3NB3Q)NV6/6+,BNX22W,?D\0#,LDZM'&S$9,G(?);'&,A70^S"MI52
MVRTB_#N2M6W5OS69PT,KZ$`"ZSW/>*766)$=19CPTP33(>MRLDEY;/K;\C[3
M&$%`.$81,[S6KK+52*-9A%:TVBV2--]+MLM/2N66C8*H:%;DUB*/H'P6/TV9
MI$<F(TNP;95K4LAB,M;;[O7NL7T(NOVURI7$B^3E96J15Y9.R/(R>HJJCHHF
MKD-DOCC&.,9"UGU&S9M\ZCW&6_'N,:KUYN>IA1A(GGFYG-IS.G"Q)P`E6,MB
M8BXC7,_&$_1C!#V+$UAI:66R4KF*VU:MH]MJ$60-M+^GM/(K])Z.LAVZO`ZC
MW;U9=A!(O]4?)SV.RO419U:V=UJ]LYC(UE';U4C9.W];93:EEF1OH7THJ$\;
M?UCZXZ/0;N%:'UEHFHNJ<OKTBC4.*LQ>AC:ALN8ID0)'*LTBUJV'I4\1F:'C
M8J5,9.C*K!@H)?:%?=$A8A3K+;H3&&IJ]R2]MN4PWUO7I:R;R.WK8;DKR"M&
M=G-<@7T6DEB0I+:G<JI90\TW1(=NX>CQVEJN,RT6I4HK+:1ZFQFJ1)&;,@UL
M52=O66.*5P\=:%`S!6*PQ=@%%ZT[=0J+)Q76_7;,@,.RV=XD/AYV\)EE3;F,
M13G3GI9)Q[RL-I\MI:T*8>\O&<J9SGT7/+>2I"=M\LNQ3<AV#(S$Q_#SGU5V
M8$=RCEW,8I!V?<^_D._ZWTCL'O-4\4IR1\>UXD50'Y]P2T@!!_FSQ3B,L;>W
ML"05/7TCZP"#UE'<W1HSWC/=8-RMFN(0)'=5BWP/2]-;T\O9>_Z3ZQC.492U
M'MP!(R<LXSAQ<AG#V'/0\UI6-Q#=L/@]R74%`?*3DZ*_T=0?D[0W?'Z?G2&P
MC'OZ!'V.N^B,GENF4_%OCFV#D!8^-,R=]DS_`)0WE/R^CV00,HZ]CY]'OKL9
MM)Z^]<[AK/N?X@6_K`%$(KG9>4ZQO4.1!EEER141J'2_U'F@IN+4EM,00#9W
MI5\/*$NXD`)`=_)2U-Y%#UEO^0U-EP_@>BKO*;''(N2+>C>()&LVVW'RV%X9
M??U5>L(E?L@I)&R^`!#/LC1:"WKN7<YW<Z1"OR&3CII2)*6D:+5ZGY',DT7M
MZ3)8,A7V/J)(I\CUXI6I_J7&;<\4'MIMNS.,!L!=']8Z,JQ?JQCDS&O[F+VJ
M)8[3$X<=8BG&0(BL$0Z//:-424:8PAP#`9.#+&O*I=3\,^*ZJL&=GYKL]W97
MR00R#3IJGKUI>@90SS65F/B4"JB,1)YKX5X\7CVGQ'Y1M+/2*G#M;IJK>+F6
M,[9MDMBS%V1$0D58Q#R#EF=U!3P;SX,;/!W93ZX6[.664M6EZ9<M*.@RCSYQ
M-0$@8[L]C-.)91E]$<J);K"G`X["T(&$'-='0H;TW$]RU9Z77K4A6BJ[FY3W
M0>)51;;SR<9/RM6/B9/5-KIY""6=D#$-[9Q39AN=^E<-B2UJ*=K3E)2SM52"
M/D?_`.(RCR$?I"MVB=@*BN0"O9RR/5GJ;);!%Z15^OAG#WKM#V:W?KVZB.GC
MYB;'JC5%%Z=;RID<='2)8D;D%@RW6*QR'HD-%R;?L\7'FDQX+&:[R?E4=!^:
M3V'1J/&>-::_28(WJU]IM+W+=)<D22-6D]1DJ05X^P5C/J-\U9'.6#C7&)+R
M<.A@21;G(^1;BA<0NOI6-9K*7%=U41XY&6/P5[,]AQY!I!X+[LB#-A_]HWU=
MM/6_:^][C;?+`USV"UUI?7^2XE4C@&9BJRJ4G)2H6=UP`>-44W=-4U:W!Q8I
MT@M+43#2A6!7,LM<H'^CUL]7L>+4-05238Z#8;F_XRB/U(9;/I016ZP$C2!#
M2VEJH\K)&.Y9HE\AV<OGQ]UNRU_)KNV#,E#>T-11\HO4\)8JYEFEJV246/R%
MS65K2QJ\AZBBD;Q/0RF;]%A+YX0J]J#1RK'LR`VCU_Z^1OJ\+YLI#PH.PNVU
MS:A8-P=I1)CEH>OE72<R*TIPTJ'BF5K((:\MFX"]-1^+(UCR"OK9]9O]])Y3
M=12S/K^*5&GG#$*@K"C:\"Q`1)93TJGLU)J4-[X6'9+'\HV,&QT6B3QA[EBA
M2_RBTL,)4%F-DW:WF%';M%$.V8=#H\[#ZZH77[P0=>;AUAK8&H['#Z\]6"SY
M*E1DA"SSDMMBR]8W=E6)0,$1'X(N$D=4J[,N3Q3*I464@6'<%LL/RC1?._']
MA>WWQHV&IV>QDMZ]]_R94BNRI-!Z6JK\D&NKB2=9/&I'':L0B!#Z313L/`L(
MRF_M]KZ.C^#M':Z[7I5V":'C;O)3CDAG,NSL<=.PL>$!3NW(]6"4SL/522$'
MS56E#;,*-WZH`O4CIEV,V)'2@8O:J>T%K2.8@I"'G!JQ>]SHP`P_:9N3D(!E
MN!KDB)(HM4F.R_(`.#/X]CK4V1AC7%W@E]N5\PX[KY(G?B\&]V,C3QRPM:HZ
M?^<*U88TG8SV8VC-6)F".&'\Z.U\MAT^;T5XOQ+?WXY47DT^DUZ"&2*9:UW;
MCP5K,TCP*(8)$<69%!="I_FCTWCB6_\`Q*M5:MZ;U_N;%'.$:ME]_P`!K@:6
M!'9EGIVDP_8B1UI<[)!QY2HXHY,U1:=;+1"BBL.RHHCXSZ!GW`WE\R]#\.=I
MM.7V.'R(!LXM#/L6B=FB$%V7C\>RIUIY%]14,-VY5K3,S")G5@64.!F+O/B%
MK=;Q.#EL3EM;+O(->LJ!93-3BWTFNMV(8V]-G]:E4M6854&5496"L4)SF*\/
MWQ'#=<=]+#LZRGRH>K]_[U[[[<V&X%%M"IN%*+U;`;#UR#5HV;RPIPTFRT0`
M"#0X7#N.&%Q\<]/,!/3@Q'2?/?AXFPX-7UM:.)]EHM)P34Z\/(6^27%VEC7[
M![4D/ETBU[TCSD),`B22"!G6%ASIP;G[T.:V-C9>1-=O-US;:WRD87Y74;6P
M7J$=:.;Q[=K%)$A[:(^3)&9U0S`]O$;LBD3)U*CHFPB2).Q:A*7VE9";*)$L
M%1AOJGF0FQ)%D=<>@9I-XJKC+9)3!)K,LAX%@ED8U8W%\FNNPI=DE@:-=?;B
MHW/,HK06YOE7IPM&6$A8FE:!*JRH8BKLI9`W8D>PIS/3CBG61K]66[4\`S+/
M5A^3>I,L@4QA1\LK$!F#.)04#!7*\;'C,>(9.[4N/8JF:E:M^L']#![BZBWJ
M6Q)AX]Y=6L-YU'"[`!?$$4^VW6IUUN6CT`%K<??CFHN37ZC)YR,!U[\(.`0:
MNKQVWM34V2[UM3RRE%Z;_P#-UJ"CM9J#J[>)-B`>E)ZB=*LAEB'G'\Z3DWXM
M<[GV5O>U-6+6M;2)MN+79?43_G&M/=U45Y&1?("M,1(@C<DL@CD/A)\U-+VJ
M-5[\@V&=86W"X"#[RL/:HEI>9:7/R\6'JG8.MMOCO!H&L([04T[;*Y&1I,=.
M#Y\B*>D7&&%$O8<"W'M-GH9V;95.IYN$D;6*&$BO#*VUH;+4,'+5V9X15L2R
M+)`W;2K&&/BO3ZCUFLW<(776NX(>9@ZR664&>6)=9>U^U4J!.H28VJ\<;1S+
M\V,R%1Y'M.J7J9XMVM:;TVUG,7&UTZJ;,V_X@5JI\'6D/ERS;.N]N=R<WW9M
MPLCJTOHJ<'#Z]O\`L-F`F9IP1B0*KHJ(KUTP23R'R_RKX4[*YR_90U*MRUK=
M3P*K;FL^*Q%MAJ>("CK:E8=J;4TM^CKS/#"':-;#&7P1HP_2O&/BCKZG$]=+
M;LU*NQVO.;-2&N"\@%#:<L^6[&W8)#"K#%0O7Q#+,5#M77TO)UD\*5^)AO5K
MHOW_`*=V^B*7'W.P2_:+;,R1%NFG1K5BHU&ZO:?T`0!)R(R"$!G5>>V!L0RN
M/8#(1ZW+K07AUE:Q<7/X;Z,\VX';XG+<DIP1<9U4*RA$D->]=Y/MM^CQQL5+
MI9@H:]+*^:GPB'CT0'RI?$/=#AG.*?*HJB6YY>2;29HB[QB>E3XYJM&R22*&
M"/6GO7WKGP8><I\NU)7*'S6_F:OVK\(UV=V(<+3$=<?#I;V881/OMP0:JAV)
M:N9AMR?>)2P4)6XF&9/<R6HI$4\PROT&7Q7,L7B#0FSQ?XK^AKXVN?RB^()U
MJ+`IF<6^/FFB4U524:Q+,4'@%,H)'95AW29MZ*W)?A:9K[K4''^!#8NT["%#
M4WXN.]MBW3K7BB$A\O(1$#V5E/75]V1\00.K]D>B.H]/3HTU6MZ[G<%O=N"`
M!F*I.Z];$VOK4B!CY;UC)PDD/MN&K[@LG'!Y".=`$0U+N1A)(TCRUQW@;6>.
M\XVVW@:&SI-,'HU'=XK4%\OJMBMB2+Q\'C;4S3AHY'\T#L3$)%5H^FN0<Y6M
MR#A>KU,RS5]UMRMVTB)+5FHA=GKV@CE\O-)%VD,!62-?!RB`2F-V62^\)V%U
M+,Z[TQM)=K%A*AOZ)KLQK$V>0N/5-,V?6\QMN.8)SCSQHQ]K7]>G[$>X<2R$
M$)#G>:9Z2&\.46;0;6'8;C6"JTUO12V(=DD!$@A:ML8=3(R_T6D4W[$%>,(I
M=WF3I/<]7>'>ZN6AJ=D;2PU=W%!+KGF[3UA8U\NT16_I+&PHUYYW+L$18G[?
ML#O0%X%7<IJ[[[[P]3C'TSDJGL'V8[/@V]3ZSO;4%8-D:]I_H!RC9Y(\@A<H
M<7*E.*%'_NY*,>"+D6R#$1^]_C=P\TM%PKE2+Z$1T'&^-/4"A/1GKZZ_;[>(
MQJT9])$B4>3>\<JND95#)H[X+\L%S=\RXPS>M+^7>0\C2T6+^M#/L*-3I)`[
M"3^<=I7)5?:2,H\@9Q'TS\YOSHC*2;@[3VK7IDY@&E0</7!ZK1YV,N6QY&QU
M@")+L,ULR-EF;_$O5P9ZL1_FT&'@ZL6Q*21$Y8;W!(($CQ\#-RC/0._M_P`!
M_'^/T>V9/J#L=/7&\*UYLNBKUK;I%@F3K4)YITT_(1BXL6PH'DC!1?9\3(0<
M*0UB8R0_Z#I)\0R>/5YT]JK*8(^GKWZ^O^/X^GZO?+%VNRE5D08H6I6FW+((
MRPH.J,0Y!8J<-+<]9)3,S4(PD?.4X:QEI]YWS5HQY7H>DM+//\>OX_1D>E[-
M//$*!-T;M\D,T=X0L9Z+H:V2!B6U,OL.HS?_`*%MNM+6VM.?V*2K.,_LSS](
M[(RNC%71@Z,IZ*LI!5@?J((!!^HYXR(ZLC^+(ZE64@D,K#IE(Z]P02"/LRAE
M]@6M71L*S7=-;(B*U8.Y76.ZURNBURD1<;4X6HT_2NE(:GQJ!M@&-D>6'K8=
MZ+7AF/%89D1HU2&T@Y,(O>NW4VUDL&R9'LUN&\GJV+,LAD>Y/9M[G=2V6/B"
MK.^Q*."6\GC:0M_.>*TC8::'5QP"L8TKV>7<:LP5XHS''4@K5=/IHJR`=@JB
M:]64@(%5Q'X_,\FEC;>KXC:VWM7[G?U-NR!M6N9"K$%.B0M)-S9XVDVS-PJL
M*1@C:*`8L:,E)"S^84'&N'G-V-Y!)*D1T<VS$:KD]O5ZG9Z=8UGJ[&.RJAF"
M?)I+E7Y)9F7QC+RM)%'6Z5Y`B&N/%>Y)"97:<9J;/:ZW;-,8+-"2LS%59_E,
M=.S\JK0MY.$B6.22SVR1EW%@AF(CC`M'[V)CX*;C^6T3_P#O^5G+)T/M'[?P
MS^2=HR*7W"DZ-V\DEYIEAXA,30</NL#+?<'9<=Q?O,6TPLHE;+:E90TLA]2,
M)R\YE7ODWB%[/B"6"]GQ#,%#$#Z`6"J"1[D*H/T#//%>RWS?(@*6Z/9"EBH)
MZ[(4LQ`^@%FZ^DYRHIKCA^[_`!BUS^N[T.;<^R]32M`XM4>D:Q&S/6KM.B.4
M8XJQOC"2AL!LTF0:0$J1:0*A]HQ:7T^IKZJ;:,FC^#GH'R2#C-MB&\E5Y8.3
M<661''S256?7*!T??KM3[@YR^-8K[OXNB?V>;D=5`5Z9EBGXWR<QNAZ(#&'8
M$^X['?BP^D9,/A^Z$E]@P_0O=M?U/?SO^S#;*S:Y"3B<U(2*(BMF^';TRKLN
M@>,?LP9,M+3LE709<$AQD=M@$A14@\T<8\*S#_$+E:ZNQSO23R,W\HZMJK&G
MIF1S+K/B+S.6$^J3XQ0PPRL&4GM@8U13XD"7X!Q9MG#PC<PHJ?R>LUK4C^81
M!'L?A]P^.4&(`M+--+&OBP'2E':1AY`F6?[2!<B+/X?<(.=K&]UE8O877;XT
MU:HZJMALJ56[\TZ*.1%6B:.:(+0K_NH%0RZVRO#KR?10E45_HW,P^(4RAF"M
MQ[8^2@D!O&Q0(\A]!Z/N._H/T9)_Z1"*>!0L0K,N_P!?XGKME\J]X'Q)'8['
ML>C[CZ<U(=&:W-2/3/?,%&:QLLK'T7Q7.J]PGQ@HZO,Q5?A8;9%4K!4`='R,
MS'NH/4Y.#13,4+'OAHR0ELE\85M]QK;O.MC'7YEH)'L$/L/A/RN&"8,S--8?
M66K2$2KV?)Q7:02%@"0#Y=D=ZHX3KWGXAO42`%*/Q3XM+-#XJHB@395:K^4;
M>(\5]=8S&`2`2/'H$CK2[,1$QM;K+>M"TG06S8,*PUB"IL+$Q\;KFO0\+7@)
M:$0H"*:&N;H,2+&0(+K$4*/'K%&PP,,R+Y24M\Y'XYNOR7R2EO+LDL[U[,]R
M:63SL2S6'BF(>4LX>5I9W!E9I`S>3,7[[.=6\ATPV7';NDII#"D]>&I#%&%@
MBA@26$>$0$9CB6.!"(E5"J^*J%ZZ&</TUW6MU_\`#.U/UQ:==C-E]`-]Q^VH
MR8=?B906<IN+%)5.IDJAR\H?;^HEJV:/`*6N//C3(\J):)RV2^3ESN:+B-:A
M\3-AOO0DFUGQ`T$NLF"HT0J7!6CN6HWF5_=MA5UC3`(1(DJRD$*%(XGEY79O
M?#BAHQ-'%L>";V+91%F60VJAL25*LD<+(.EH6=B(F+@H\;1`CR+=^)UKV9M/
MM9"]`N@4W%VC8U&J_:)^P2.DX>01'C26HH@.NW^<DWX<R5C4$&&5FV;FF1YL
MDR-8Q%(-3%$.Y(=R/]N34=;Q.7X@<]@]*E=FXJJ1;AHEDD.WF>W2AK0S!6Z*
M6*6GA:`J099(?5(`.?'C=W8\HBX'P>?U;M.'E#/+J%D:-/R3$M6[/8FB++V'
MKW-O,LX((BCF]($D9;;NKX>FV:B'#Q\-K_:M-DJ+T5ZZTZ%CYKV4Q"3&U(F\
M:DU_NC$9/AV*8!+9EY:W1#3ZXB0;99=L8D::T/`>J,M4SA?Q+UMUY9)_D]J.
M]SODEB>1$4SPZIJ&WV&FFE@81ND8BIRB/U8S(QA,@43>;Y<.8_#C8TUCCA$M
M:2EP?CL$2.[B&7:+>U.OW$44X]5'D:6W&9?2D$:K,$+&'P7,KZ=>.%7]%2VO
MPKQJ>8GTZQU%LZ-BRXZT1HB9XIKK5UI@J<">6<)Z3#EJN'7J;7-$I9+*@4W*
M(9`#L1$:0,][R_X+V-U!>DH[-(?RGN-6TL;UG=JZ/R;D4ER5$23IDIT^0PM$
MOFHG6E,SF#U%Z<2^,-?3348[NM>8:[4;-8I%LHJSLG'./QTXF=HR5>W;T,R2
M-XN86N0J@G]-@=7=/LYG>3Q*02<TN<EJ?VO[4P%SV1IZMSY&')2G678(-YOU
M3'E_6ZNX5F&@FYML68P3!%KS&M2`ZXXK#/D[+O0IP?X:S.+"+=XGQ2U5UNRE
MKQF1;E37R4J$ZPL)T5[,_H=0L98^Y?3<LA8G7%*9N:_$:$&N[4^4\HJV=AKH
MIY`AIVK\5N_`9E,#E:\`F_GE$<G47J(%?Q`[:=;=+]3!4KKD]<.MV\`+CJ:!
MM,_8(AA[7\[#2NU=J:]#J5^G2WY:]R[@[L.Z]+JJSU1-@&HXAU@L9U;;#:%<
M/;'XB[IKO(14LI)3VEBM!7F,)@ECU>KV#VZ$"+&80RS`1?*5MI.9`&5E!8D=
MJ:_X?:9:>@:U`T=O6069YXA+Z\4FSV=!*MZ9VD6;IHB9?DQJO"L;$,I(`SE[
MDO#UOU2[";KZ_3E-LLS7NM/1_:^U).<BX:'6PS<[3H6?I%"GK?B6DR`H4`B8
M%9L:1(1^3FV7X$PR'9><%(+$ZA@^)-.]QK1\DA62M9Y/SK4Z:.C.ZBPM*OOH
M+E\5Q!)U,J0N8&>5DC,<ZI*OSUC;F>;X=6Z7(]UQV9HK-;C?"=IN)+D",:[7
M9]'/4HFQZ\?E$SRHLRQQ(SAX6>-OFM(EW-95S8/B.=6^O4OL;4UYVK?-H:][
M9-W*1K:*S"B3(X/>/I/8#Y>$)D+-&G1I+%>K,P).2>%`EJQ(Y:'=>#+,,9IF
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M*J[.,M'U$I^<X`^:&UGT24VY&:'V!2HX>\QMJZ]:IE-S14ZSF0@IZAP-LW#U
M=CZ_.50]HD:5BQ@92V747)\6]Z:_;!9+61V4%H9VE?\`R4^^UMN1*TU7D6VC
MTDT74,]:U/4TW*YK$=U&[CD]2.A1Z1D8^7H*5;OR&LJ7Y431[&I&]B&UQ[52
M;F*3N:"Q6AM;CB\4$E-U`>,QR7KO;JZCQ]=@P\0IF@J.\6WMWU:I<,!$WV\]
M>=5V;4'6JCUNKOP<<.-9J3'7O4=5BH2*CCQ5GR`D5L&0I6P[$*G),I`R%;)N
M!9M;AW9./A!:^%7$N5V&=8*F^VU+<\FO7;$<DJ+7MO1VUDVII>VC]277QV];
M7*M'%8CL)5].S*L4DR:OQ/Y5Q:N$:>WH]3<U''*5*!TC=K%9+NJK"K#%TLAC
MBO/4V-CR622"2LUGU*\1DCV8^!;U5VUHKN'J':5_JUTI[^Q:'V%UK/-S6%1:
MR+31I,HRY5JUQ;Y&9=-@A9@"OX)!DF&V6"(ADEYOVDA.!M=?&OENLWW%=SJ*
M,M>RFLO<?V->6,))&U:]#&M2S2E0LAKRQ26`'4`L)&528O=]A?!OBVRT?*-/
MMKL<]=ME1WVOGCD+QR+9I32-;K78G57%B*6.N3&Q(4QJS`2CI.U;G'>=;XXQ
MCC&.,8XQD>[(H+>PXVM1[DFJ*^KFPM?WY#R0TFY*<H=KB[0B,RA1(OD)E,QO
MJ*C,+=4(E_)&!B?0\E>?KKQH26)!$)?E%"_1(+^'B+U66L9>_%NS%ZGGX=#S
M\?'R7OR&#L*(OQUXS)Z7H7J-X$)Y^1I6HK(CZ\EZ]3T_`OV?$-Y>+==&0N8&
M9V.,8XQFJ1'7&+OG8#N4S%0R7`[WV<T/,;.(8)CXPW%7%Z=5RFRF0"\M,D+\
MEJ=P8.+Z1Q*)>:EY%E'T%/H3M$\AEHZ'AYEFZ>CQO=Q:U6625/E+<OL7(O-.
MV4=F`HS?,4Q0Q1D_-!.LUT$=S><M$47:7>1::;8LK1QN*PXG!4D\'Z4GQ$WF
MJ_/82S2R#OS8#8GIW5E5T;J?6NF:.@Y-.U51:KKVL9E"&BY1R#J$(%`QCTH6
MP.&P5)/B`-/'D,"",O%+=<9%':4AE&O]OM+6[VNQW%XH;FTNVK]GTU*1":W,
M\\@B5F=EC5W(16=F"@`LQ[)OFJUM;3:S7ZFD'%364JU&MZC!I##5A2",R,%4
M-(40%V"J"Q)"J.@-1/\`:':V#8/"\VR62"@T^LW_`$O-P*U>GY@4L;LJ`J:B
M6/16E/FNQ-FE([^]PMORCG?]G#GH+1MCX`6'@^)FJ57*1V*&YAG'MT\2:VQ:
M\6]N^A+6BD]O?M!]78.K?CO72?X<;1F0.]>]J)H2>^TE?805?)?<#LQV)(_?
ML=.?KZ(J?TUTY.T?JCX@T(4$*5:9OQ@:I#82$E6"R51O9'JZD:.<6\EK"D#2
M$K(I&QZ?HX6^0O/H>;G'+5S#<07>4\"G5V2K#\);<WS_`.@HEX[R8M(`"?=H
MXHO/V_JJ/?K*QQ/4S4^-<ZA9%:S-\5:L72?TF]+D'&_&,D]=^,DL@4?42Q^O
M.F[G-F=$YPX%>&]*TC>'B/2]'UI<V--RUJ>ZV:OA68JPE-RCAO8GJ$0L,&P%
MMNDRIME=M[L56R&C5%21\#:T#.G%19^([M9/B)%=TGP[AN[*FVWBJCD6RF,M
M=3%X<?Y8H=X%(6)*PJ"6P"@6-)ZQ8(LB>IQNW`)*>YY_+4U]P:F6PW']="(I
MW$I?>\58HD[`M*]@VC'7(;RD>"R%+M&_ISYTQZ<6+3']HKV+6,/,VR"U-K*S
M[E1;#HYN'4Y`[%U37*F*9&QZ"Y5+,@'9]D/U;R<G)>)!CY>11A#"5,8@N8\O
MK[C_`$?-=9\6JS[795M/\E20S`3Z_:6+3I)(4B\HWK:];/EX>*R211GYW39-
M<2XG8U'QZOUNQ:@U>NL;86G00]PW]97JJ\<8>7ITL[!JWCY]LD<LGL/;.I_>
M>CZQN*MS2)*&CI6U,:^N]2ISTT\1['CI"SFU"R@G%BMH(9R_&W37=%G@)+(9
M)L03")(CTX6XZAWF'2;JSJ+$)CFDBJM?I6K:PA?6DCK);K.B,2IZDI["[`\?
MFJ2K,5D]@".E-UIJVVKS"2*.6RM&Y6J&8MZ4<EAZMA'90&'<=NA3F23Q9XFA
M\D]R0>>-'@':YMO73KE)6P6\@]@-4;0KM*L(5;/CHJI2>I9/O!9K'?YC,/+5
MER3,>C=27VT3U7F7S!$$`1%>=7$H$4Z`YO\`_P"7785.0<ACJM2?0[766+E=
M["22VX]K'PNM7H0^M%9$:"3:T:T%F%48K)-8'JE@'&B1\$M?:T.@DM)<3>:S
M904YTKO'%5DU<G,K-B]+Z4E8R.8]7=LSUI690T<4!,04E#X_@F=,=<:UW1KF
MS6#6T:K8U0ZCHV2U:)6.]7M-=OUI[6=Q-3LF/O8:#*$F"]/Q8]1FHTEGR?+C
M&F"Q5%PT:\)]?C-S'8[+3["O!L9!K[?*SKC5BD\JUBC5XOQ':,@7MU>%-O(U
MN&13WW(65@LT@?X_!_B6OU^XH6)]?&;]3BPV`LRQ^-FO>L\FY9K`S-TC+*^J
MB%6:-AX]1A64M#&5ZJ.<P9TME8;_`-9J[98SM8?`DM@7WM#J]S7,O8),4=YB
M'&C]=S5%K+#2A!VI)V'`>FSIHH-TI]2BS3%#>5YB48LM#DEBM)Q=)U+T>,[,
M;"*"-V#3-)L(;UAB'8QB9Q"D*N%4>"(&[Z)-<O<=KV(^3/`P2[R36FA+/(JE
M85CH34JX!51(8D,SS,A9NW=_'KOK)_K-8@ZA"@0%>C1(R-CQVV6F!&&VO,4A
MMMMPDA:$X6283EI+I9C^7"2WOI>(<<=5E68&S9GMS23V)'EDD8DLY)Z'9(50
M3TJ+WTB+TJ#YJ@#VR<K5H:D*001K''&H`50!V0`"S'Z6=N@7=NV<^[$G*F:#
MZZ1M+EN[-<LM82]1MT]LI3<,.,<EM`UC`N.D>OQ5BDDX"6RYEAO:$)<P<9=\
MHAQ^*=6]YV%^>_:M[R"2Y%PRQ6L^-W3\5BU$S1D^5>2IN=\E>,^8(\CK)J<G
MMVH64`=$>*UC2:".I+R^O8K`TMOR>7:Q*X`6PEO4:-YY/F='H;&*VGOTQ:(D
M]]]F.]A=-=<[9W)VWBS*>BH`;FZ(:KZTC7Z'JL:EJ(A)ZP=E8N?`J9)4=[.3
M*52/3K:4>@P26Q!41E%?D@4H8@GFY"AR_8:K4<4E2V;<FGYQM.1M1FM2$RS0
M5^.2P26E63U/3M2?E&(3NI9C)=$;DM.IP+_$J&TVW*(WJ_)4V_"M;QY;T5:,
M"*&>?D,<\=5FC]/U*R?D^1H48*HCI&1`!"1:"F]==:4?6NO]70$(+#5W7MB@
M;G'#UX=$(,7<(68S9'YI\-K)"4(EK"X3)&`)=4TA!'J0[C8K+"$5JYR#97=C
M?V<\S36+]>>G(T[&9EJ2Q"NL*N?$DQ0*D:2=!B5\V!9F)L=30Z^GKZ.M@A6&
M"C8@MHM=1"KVH9?E#3,@\NA+.6D=.R`&\%(4`"=?13C]N,8^G]N?\,?XJ_:K
M/_[_`./^?_'D'DUT/LS_`'C&.,8XQCC&.,8XQCC&.,8XQD$:LJDU![0[,V"4
MCGP@+KLZF2E;*=\ORY>(B=$ZGKA)PWH+4KR6;!%3<8KS4MK]8CW_`*$Y;RA:
MYS9VH9]9QNO%('DI:VY%94=]Q2R[S:V%1NQ])@EAD]NQXR+[]]@0NMJS0['D
M,\D91+FQJ25V/74L46EUE=G7HGYHGBFC]P#Y1M]71R=^0>36:R?&)HJ=B>';
MON`R%(R'JY>H[$L:,:6\_P"K5C=FNIV1(?0VR^O$<%%@&FRKV$MI&C1RBG2!
MV67'D;)^$=[\G_$#13^<<?DFVK^4IZ7RLZ;801JI++_./(Z)$/<M(RJ%8D*=
M=_%>E\OX'NX/"23Q?5S^,8)/C7W%":1F`!/II&CO*?;QC5F+*`6'U%:.+T=3
M]^M9R4["[9\2SKGO&MEFE1Y))8FQMY]1#+'A38"6\A"QNP`KE"18IS+4AF(B
MP"B%%8*;/+_"[M=U;T1^:)M5\.>0Z2PB+(JHVOTG+$K^\A/FTE!ZD\K(3'ZL
MKJH7Q*+^FTS::KO!\XP[/XA:#<UV=HV9EO[GBSV/:/KP6.\EN&-7`D]*-&;R
M\@[[+.:YS86>3-0,-8PV8^=C`Y8$>6@)Y@4YA!##4S5IV.L]<DT-KQG"3(6P
MQ$7,QS^/]L:0`%);SAQI.<?6&>:NYD@D>)VBG@9D)4F&U!)6L1DC^I-7FEAD
M'T-&[*?8Y\IH(;"".:-)466"=5<!@)JTT=FO(`?Z\,\4<L9^E716'N,H?HK7
M,,SX@??';BT-O6&1J?5K7(SBF<>='PT-0Y^S'(9(RK*L-S!T['J*92E&,J@Q
M%K4[G#>&;SO-A,>!<&U0)%>.UR?8,`?:2:6]!60LO7TQ)"_B>S_US@`>_E2M
M+0B'.>:[0@&>2KQJ@IZ]TBAI3V'`;[)7GC\A[>\*D]^W6P;E!R]8XQE(^OFN
MUZV[#[M@32`9*2SJ'54][4%&RRKU"]=F.]E^#CLK=QE_Z(]FR,B$)]/R7"QW
MGVDX0M/+GO\`8#8Z#33HKQQ_E;:0>DS=_/I<<X11>3H?-_G&KEU]NPC!3[@Y
M3]%0.OWVXA=DDD.KUL_J*O7S+O(N:7DC[/SOYL6`C?474L!T<NYRF9<,<8QQ
MC'&,<8QQC'&,<8QQC'&,<8QQC'&,<8QQC'&,<8QQC,-V+1XC9VOKUK:P/'CP
M.PJ;9Z/-D13S`\HQ$6R$.@9)Z-(*&-&8/:"/>6&\0&6PT0EM;HS[:5-+S-?=
MEUM^CL:XC:>A<K785E#-$TM69)XQ(JLC-&7C`<*Z,5[`93[C$OTXMC1NZ^<N
ML%ZI9IS-$5618K4+P2&-F5U5PCDH61E#=$JP]CC.Z*1,;!I\/`P;H+)H&V-"
MW=]<B\\P/F'UEO/76R+"TVM@<I:CGX"J2;,6RII+),FX(.00&.ZZ6QDZ>[#0
MMS3SARDFJWM)1&`S>MLM)L-=7)#,H\!/:C,I[)6,.RJ[`(V/MZ<MZK%!"4#I
ML])<)D)5?2UVYH;"<`A6/F8*T@C'732%59E4EA+'(K)/'&,PZ"H=8K=HO-RB
M`,CV'8QT%(6T]1#[V9!^M0`=9ADH:=6IH5D.)!:;2R,AMM;SA!*\*>?<6K,G
MO6;-6C3ED\J^N2>.H@51Z:V9WLS=D`%B\KD^3=D`*H/BH`Q(:5:O9NVXD\9[
M[PO:<L3ZC5X$KP]`GI52)`.EZ!)9C[L3F8\P\R\<8S'AJI`!VR:O`T?ANTV*
MO5BJ3$IZR8O)D!39*W2]:C\AK(5'L8C9&]VLC!(PC)A?M;+1Q!+(4<V)D-:G
M>K#2:3NM7L6;4,7B@\)[D=2*S)YA1(WJ1T:J^+,47TNT52\A?X+6@2S-<5.K
M,\%:M+)Y.?."I):EKIXEO`>G)=LMY*H=O5Z=F"1A<AYCY]\<8QQC'&,<8QQC
M'&,<8RC^Z^K=PV0/;W1[PFRF6>GZYKKP=V+'8AC)*A76[VL*4,@%5"X:^$8'
M<L\(^\`/K8IFTKJHH$_Z+CXTY&,]!Z_C\.C^W,UU;HBZ:KV&9,Q5RCY&D3ZI
M"0LL0<.8X>].'@,.R4A#CD8,;AWIVS>7)$N1TN",/%0Z`K'&7^QS8]PJ3'\?
M_?\`9]7^_P!NLFNY5FXV.2A$P&Q9R@08@,VJ:S6(JFG3TM+/$06(#"2;O4KE
M%"Q`(;5CS(,#1C$@687$.-'M#!E#E,\_P[_C]&8U[L+O]HS<OR/KW^1'&>]C
M[!^W\<>["[_:,W+\CZ]_D1QCL?8/V_CCW87?[1FY?D?7O\B.,=C[!^W\<>["
M[_:,W+\CZ]_D1QCL?8/V_CCW87?[1FY?D?7O\B.,=C[!^W\<>["[_:,W+\CZ
M]_D1QCL?8/V_CCW87?[1FY?D?7O\B.,=C[!^W\<>["[_`&C-R_(^O?Y$<8['
MV#]OXX]V%W^T9N7Y'U[_`"(XQV/L'[?QQ[L+O]HS<OR/KW^1'&.Q]@_;^./=
MA=_M&;E^1]>_R(XQV/L'[?QQ[L+O]HS<OR/KW^1'&.Q]@_;^./=A=_M&;E^1
M]>_R(XQV/L'[?QQ[L+O]HS<OR/KW^1'&.Q]@_;^./=A=_M&;E^1]>_R(XQV/
ML'[?QQ[L+O\`:,W+\CZ]_D1QCL?8/V_CCW87?[1FY?D?7O\`(CC'8^P?M_''
MNPN_VC-R_(^O?Y$<8['V#]OXX]V%W^T9N7Y'U[_(CC'8^P?M_''NPN_VC-R_
M(^O?Y$<8['V#]OXX]V%W^T9N7Y'U[_(CC'8^P?M_'/IBZ'L"&L%=DO?7=[7#
M#2!GUFKUQ@]4H#DXAZ`F1Q4QI5*UE3Y<*5$L;L#()?7*K"<C1)(-X-YTIAUA
MCL?9U_9W_P"I.2YQGF.,9&.Y*-);(UM:*;"S1E>F)847,5,!3<[`+"D`9`20
M&60=7"A))V/<<%PS)1N5O`2X+A$9*AFQI90KS&4KD>J>Y)J0NLI)E4504KL=
MV[BZ]:VAL9RCW09F^1\C'LVHDJB.V"MS1E!=M,'<)5)6PQ[.7,Q]?8CX/7E;
MKM6B6?KL>W^_K]']OO\`H^CKK[23D[=:M)[>U";=2-K;G3N9VR0VN08V6?B)
M^'E`RZ=%3,-).GC2=NLT2KU^.=KS:BH(2!5,24=*V2?#*L$[('/,\/7U#K+6
M<9YCC&4-V5URW#*7DVQ42P0#P)>XSML19MLV5LL>;I;[%,T4!"Q->`=A+K7G
MH$^YZVMK]JKR!H56=>664U[3[!4X;8%Z;6S]=C^`#]OZ1]H^[^S(E&Z4;UAM
M@0DS`;8#;IE;N$1(`0LC;)V0)G!8G:MPN,)>K8/+4>:;*MU0UI/0>E(Z`@Y.
M!-FJS6HLQG:M1`C8NL",=CKZ/V?HZ_1_;^@GZ/KS:9QGYQQC(5W+KFPW[%#-
MK,R1&2%*LMBGG0OKC=:A&6$66U;L*E#P\J32RV"GF4SEIA)9HL@<HF!<B\ST
M!ZO80(QWC/1_'WC*6`]/MZHB:JXJXU"%F88I\9B%C;M>9"G4<LZZ)O2=G4!E
MFHUDSVO5RI"Q5.L:MD&`X@FGG`M679DO,L2$E)L]['\?21UUT??]'T_4?<#+
M/=1]-WW1>I6J)L.UHM\TS,Y/8D$S+M@6R,NOUX`U+\K]4Z&$41)V&.G+(\H"
MEP2O2G?IG7[7;,V&\VAGA/9]OX_C^.A["S_&>9^5)PI*DY]+&%)RG.4J4A7T
M9Q]&?16C*5I5_DI*L*3G]J<XSC&>,9KW`ZK[6&NM4639(DNF0`)\.=/O;0V5
M(7V>K<[L^\SUAJ=G&L4%/MV2"-UQ:1:\RMBXUN7*N3+-RMDE;2ZE0?JXS]=C
M[/?^P?8/?ZNO<=_LS*:5ULV94MOT>X.WI$Q3ZQ8-A2;K4O<[S-68:"LMP[1S
MP-68]O-2?MT.<!W5J5=H*F+`/D.0T+5FV1+"@6NG5M@D=?1_N^P>_P"P_?EX
M>,_..,95KL!IN];`E6+'1#X(DQG6=HHI%1O-NO\`$T*:-G-FZ8MT=)S$)5\G
MQA:(R!HUUCS4E01J;,U.A4^T#3-&DIV,XST$?7]OU==_0?\`X_\`O(FSU=VB
M!3X/V=9@)VXQ^L[E1I."O.TMGR5&G23L::KU)*M!E=C*T[;'HZEZGPBYSC]0
MAI&WS4]90L!1M8N$W%M,>W^'8/V?V@?3_O\`JRWFIJF=0]9T6F29!!4A6*Q$
MPAA!4^Y:7GB(\5L=Q:I]RNU'VDG.4?W3K-6KHK;7H,!PT<(TR(TSS)"XQF`[
M5J!FP-9;!HT=*FP<E;Z79JY&S4=,S=>-B9*8AS`0)(>;K904]&+",?9)R7$E
M,G-I;5Y"LJSZ.6!](RJL)UMV05LR[S]JF8R*J4^UAD95,V=L=$[/-QU3L=>A
M";&(]"1$E#V4:4M9%@"LT!L%\:G"U.DUZC5F"="E;'),][]A_P"H_3]7W?9]
M9SY*SUN[$UZP/S*][UB4#(U?INB#1$Q5KM),P16MX2;`FG`5#[&B`#_K%,3)
>E@,LA$0'9)=\[V=,*5&0%<&"8['V?;]!_P#C/__9
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>g864417g86s95.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g864417g86s95.jpg
M_]C_X``02D9)1@`!`@$`8`!@``#_[1$R4&AO=&]S:&]P(#,N,``X0DE-`^T`
M`````!``8`````$``0!@`````0`!.$))300-```````$````'CA"24T$&0``
M````!````!XX0DE-`_,```````D```````````$`.$))300*```````!```X
M0DE-)Q````````H``0`````````".$))30/U``````!(`"]F9@`!`&QF9@`&
M```````!`"]F9@`!`*&9F@`&```````!`#(````!`%H````&```````!`#4`
M```!`"T````&```````!.$))30/X``````!P``#_____________________
M________`^@`````_____________________________P/H`````/______
M______________________\#Z`````#_____________________________
M`^@``#A"24T$"```````$`````$```)````"0``````X0DE-!!X```````0`
M````.$))300:``````!M````!@``````````````I@```-D````&`&<`.``V
M`',`.0`U`````0`````````````````````````!``````````````#9````
MI@`````````````````````````````````````````````X0DE-!!$`````
M``$!`#A"24T$%```````!`````(X0DE-!`P`````#I4````!````<````%8`
M``%0``!PX```#GD`&``!_]C_X``02D9)1@`!`@$`2`!(``#_[@`.061O8F4`
M9(`````!_]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.
M%!0.#@X.%!$,#`P,#!$1#`P,#`P,$0P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,
M#`P,#`S_P``1"`!6`'`#`2(``A$!`Q$!_]T`!``'_\0!/P```04!`0$!`0$`
M`````````P`!`@0%!@<("0H+`0`!!0$!`0$!`0`````````!``(#!`4&!P@)
M"@L0``$$`0,"!`(%!P8(!0,,,P$``A$#!"$2,05!46$3(G&!,@84D:&Q0B,D
M%5+!8C,T<H+10P<EDE/PX?%C<S46HK*#)D235&1%PJ-T-A?25>)E\K.$P]-U
MX_-&)Y2DA;25Q-3D]*6UQ=7E]59F=H:6IK;&UN;V-T=79W>'EZ>WQ]?G]Q$`
M`@(!`@0$`P0%!@<'!@4U`0`"$0,A,1($05%A<2(3!3*!D12AL4(CP5+1\#,D
M8N%R@I)#4Q5C<S3Q)086HK*#!R8UPM)$DU2C%V1%539T9>+RLX3#TW7C\T:4
MI(6TE<34Y/2EM<75Y?569G:&EJ:VQM;F]B<W1U=G=X>7I[?'_]H`#`,!``(1
M`Q$`/P#U5-(5!W5+ZW!C\&]QUW.J`<WD[=N\U.^BW]W_`+<5"VC#]9UC<#-]
M2QSG&RL[?<XO[^JS][^I_,_N)*=]5NH;#C$/#RTN:/T8!/TA&YKO:ZO_`$BR
MJ:\6JVLUXO4&ACVD;B[:#,^YIL=NK;M]_P#@U=9U>QP<3@98`=#06"2.-_T_
M))33H9C5>E:R_/\`2/IVG>Z6^\G8+MWZ7_M/Z=JN=2Z_TGICMF7D`71(H8"^
MR/\`BJ]SVM_EO7/?67ZV7&VSI_2G^FVLEF1EM^EN'M?3C?N[/H6Y'[_Z.G])
M^EKY0`"8Y<9<>22?SG./N>[^4Y3XN7,A<C0_%CGE`T&I>QR/\86%6USZ\+(>
MQ@+B7&MIT\&^H]4W?XP^BYI8+Z\S`>V=M[&LL#=PV./Z-UC_`/P%<MD_T:[^
MH[\BQE8CRN,V-?M8)\Q.-56KZ_TQ^'U-AR>G=6LR&S+VM<TP3`#;:7-]2G<U
MGT/T7_![$G;\3*%(S,F[[,RMSJBUKC8+;/28T/\`T;?;L_3>SV>JO),;)R,3
M(9E8EKJ,BOZ%U9AP_D_RV?O5V?HWKT[ZG?7%O6F_8<[;5U.MN[VZ,N8.;:A^
M98S_``U/_7*_T?\`-P9N6EC]0/%'\8LN+F!/0Z2_-)9D88#ZVY^:06.`K#72
M2P5U6[7/:VQSV_2]EG^$4K<W$;[CU/,@RT0SON/O_F6_S3?]=ZU#B=0W.C+,
M.+=OM;+0'O>_\W\^IU=7_6U9QV7,KVW/%K@3#X@EOYN_^7^\J[,UK>G/NN.0
MS+MJ+VP16?;QMW;7[V_\7_W]19TW*;D-L.?<ZII#O3.W74>QSH_FO;_QG_"_
MX-:"22G_T/55E9E%=&2VQV5DU_:GG]'5JV65NL]QVN<SVT_O^_\`T:/;U:BJ
M]U#JKBYKMH+:G.:[1ON8]HV[6N=Z;E#]NX6YS=MVYI:"/2>3[CM:Z`/H?\)]
M!)37QPVYVX9V57L(LVV;0'-+@=WT7-=3^9[?S$/ZW]6?TWI1;0\UY&6[TJ[!
MRQL;KK]WYFROVUO_`-/94M!G5:+7U,;7;%UCJ@7,(`+6>KN=N_P;OH,>L#ZQ
M9=6-U5M!%FRO':6!HW-;ZC[-XYW?]IZT_&+D!NB1H%XYK6M:T,`#`(:!Q`\$
MZU+J^C7$NDXUA_/8UU<_UF.9Z+O\Q4[,%PDX]].4WP:]K+/^VWNV._L6*\,@
MZZ-8P/35I9/]&N_J._(L9;64'-HN8YI:\5N)8X%KN/W7+)HHOR7;,>MUSASL
M$@?UG?0;_:4D"-3>FC!E!)B`#>J-$HR;\2^O+QG^ED8[A959X.;^]_(=]"QG
MY]:T\?ZN9+]<JUM(_<9[W_YW\TW_`,$6IC=(Z=C$.;2+'C_"6^\_)I_1M_LL
M2EDC55Q?DJ&&=@WPU]KZ%T?J=/5NEXW4:1#,E@<6S.UWT;:I_P""L:^M75S_
M`-4;IHRZ#_@[18/(6,;_`.C*[%?;UB8#L/*!+7N=%1(&T^QO;WW-^@UJS)"I
M$=BZ`-@%T4EG/ZPX`1A91)#CM->H+0QS6Z;OI^I_Y]_T:L86<,L./H74%H:8
MN863NGZ/]7;[TU+_`/_1]/RJ7WU;&6&H[@=PD:`_1_1NK?\`]-9`MM#1:.KO
M?6]UC2\4M<T&D^@_=M;MJ97;_./_`)NU;CCM!)["5ECZP=+->]PL:X@%U?ID
MN`>X,&_TP]GY[?STE-O%HR!6?7R3D!Y#F.:T,@;0(]D[MWTUQWUSL9B]::7-
M>_UL>LMB.6.M8[W.<W]YB[2K+QK*&W,=^C=(9I!)!V[6M^E^:N:^OF#9D]/J
MZDQA'V%Q%D\FFW:+'[!_H[&4V?\`%^JI,)`R"]CI]JW(#PFGD3U%_P"94&_U
MG3^#&_\`?TU3^HYUXQL=GK7.U%==8)`_?>^[>RJO_A+=C%I]+^J>;E1;G[L+
M'Y#"/T[Q_P`6[^BM_E7?I?\`@%M]2S>G?5;I!=BTL8^P[,:C4FVV/YS(>?TM
MK*6_I+['N_X+_"*S+(+X8#CD?L81$U<CPAY7-Z(P=1P^B9-OVCJ&2X/O;4Z*
M\>O:ZW9N;Z?JY5[&?2_FZJ?\%^EJL3"[-Q`RH634YH?2U[06EL#VZ;'MLJ^A
M9[_^$2^IK;LGKE^?>\VVU5/MLM=RZVYPKW'^SZJU<O$KL-^*_P!HKM=Z;ARV
M3ZU3V_V+MO\`PB5<,Z.IH<7GX*B>*%C07Z?)HU]4'%U1'\JL[A_F/V/_`.K5
MFK*QKC%=K2[]P^UW^8_:Y9+V/K>ZJT;;&:.`XU^B]G_!O_,47ENPEXW-&L1/
MW!2<(.H*WB/4/??5"MP&;:=`7LK^;&>H?_/ZW,K'.16&"Q]1!G<PD'X'^2L'
MI_36=/Z5@=-R/6KR7BS)=93'MM`]1]>]^]GL;;Z5&[V?H5-N1C`!YR.HR&DO
M]KG`2&GEM6UVW_!^DJ$S<B?%LQ%`.JW!M%HM^TV;@60),0T!CVOK<YU;_5_?
MV*XN?NLQ6.WC*Z@YS&GZ(W2'N^B'&OT_=L]G]CT_YRGU9UWXC;F&O(S7AK@]
ML`ECB7ZU[2S?M=N_/_P/_;B:E__2]55%^'GN+8S',#76.T:TDAQ#J6/D?1J_
M\]_]N*\J1ZSTL':<E@.Y[()@[J]PL_LMV?324VF5Q#W@&T@![P(G^K.[:U*W
MTO2<+H-9!#P[@@Z;3_647W>[96-[QR.`)_?<DVGW!]A]1XX,0!_4;^;_`-6D
MIQ;KV],K<[J+S5AU@NJS+),UM_P>3^<S);_@]_\`2_9_VJ]2I>:=<ZQ?UGJ#
MLRP&NH#T\:D_X.H&0#_PMG\Y?_+_`.+7M%E;+&.KL:'L>"U['"00='-<TKC>
MI?XN.FYCG7],M=TXDF*2/5I,=VUDLLHW._T=WI;/\$K'+Y80E<[\#V8<^.<X
MU'ZCNY?U&Q]F!E91&M]PK:?Y-3?_`$I>Y7^H-VYI=VNK:[YL)I?_`-'T5>Z9
MT'J/2>F58;JV7>B'NLMKL@.<YSK7.VW,KV\[?IHV1T+J>6ZDAM6/Z9<"Y[R\
M[7@?X.IK?SV,=_/(RRQ,S*]S^"8P(@(UL'F\[%&17O:0VZH$L<XPTMY=78[\
MVMW[_P#@GK1^J/U:LR;:^JY]9KQZR'XM%@ASW?FY%K#]"JO_``#/\)9^G_T/
MJ;N)]5\:A[;<BS[5:S4-L:/1![/;C@_3;^8ZZRY:Y^T`&-I,:<C7_I)D\Q(,
M8['=(QBP3N%"E@XW#R#G`?E6=E,S,1AN=G>E2;'E[GL-FEKHH:UOYGI;V5_N
M(I?UT0!7C.U.YVY[=#]$M;#_`*/YR&;^I7T4NK^S.L`<;Z]^YCB'-:STG^YS
M6;O4_-_G5"R(<9^;<?1;U5IO;-;@*&[2^KV9'IN<&;WM>WW?N?\`@BU,6J^J
MHMR+CD/))]0M#=/W=K/:J7J]9W;OLV,X:ED6$&8.K7;/S_:I&SKTZ4X\`_ON
MDB/ZOL24_P#_T_2+V=6]2PXSZ=KB/3%LPT0W=[:VAW^D_P`+_HU2%V4[:YUG
M3SO.VI^IW,!#?9K^\W9LW+:5<=/P@S8*6[`US0WL`X[G@-_LI*05#KGJUNN=
MC&J?TK&!X,>W5CG3[OI(V1U#'QK?3N);[=Y=&D$D:?GO^C_@V_H_\(K#0&@-
M&@`@!"RJKK6-%-GI.#VN)\6@ASZ_[;4E-7]O=,W`>HX`B2XUV`#@^_<SV_24
M:^M]-8/3-CI:&F?3?[MXW![0&N_\P0+[>HX][J[NHUL#&"P?H=Q<"?2W/8WZ
M/Z5S6MV6?I42@=3R&^I3U"MX;(+13M$Z&'A[C8Q)3>QLNG*-S:YG'L--@<(]
MP#7>W^1[U+T`W^:<:_Y(U;_F'_OFQ/CBX45C((=<&@6N;P71[]OT?SD+)P_M
M#VO%UM3F1'IN@&'-?[V_G_1V)*2>I8S^<9(_?9K_`-#Z?_GQ$:X.`<TR#J"L
M]W2+7-+7]0RBT\C<T<#;])E;7?YBHBREQ]1UN;:+JWAS'AI:P,=#WV5MV?\`
M7&?^<)*=]9F1TW'KJ;33A^M2QCW"OU'-EP<+JJO<[9[[G?X3^93_`+*?96W9
MGY.PEKV>YOT1):SZ`=M=N_XQ'Q,!^-9N.5?>W:6AEI:1J0[=[6,]S4E-3$Z1
M@NTOP12ZO:6>\O;$^HW9[O:^MW\Y[/\`/K6LDDDI_]3U5)?*J22GZJ27RJDD
MI^I+_L<_K'I[MCOI[9V:>I]+_!_OJ;/1WO\`3V[Y'J;8F8]N^/Y*^6$DE/U4
MDOE5))3]5)+Y5224_522^54DE/U4DOE5))3_`/_9`#A"24T$(0``````50``
M``$!````#P!!`&0`;P!B`&4`(`!0`&@`;P!T`&\`<P!H`&\`<````!,`00!D
M`&\`8@!E`"``4`!H`&\`=`!O`',`:`!O`'``(``V`"X`,`````$`.$))300&
M```````'``@``0`!`0#_[@`.061O8F4`9$`````!_]L`A``!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`@("`@("`@("`@(#
M`P,#`P,#`P,#`0$!`0$!`0$!`0$"`@$"`@,#`P,#`P,#`P,#`P,#`P,#`P,#
M`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P/_P``1"`"F`-D#`1$``A$!
M`Q$!_]T`!``<_\0`N@```00#`0$!`0````````````8'"`D$!0H#`@$+`0$!
M``(#`0$!`````````````08'!`4(`P()$``!!0$``@$#`P,"!0(#"0`$`0(#
M!08'``@1$A,4(14),2(6(Q=!,K1U-U$*83,DE"75-D:65UC8$0`!`P,!!00%
M!PD&!04````!``(#$00%(3%!41(&87$3!X&1(C)"H5)B<B,S%+&"DJ*R0W.S
M%='"4V,T=.&#DR0(\/&C)1;_V@`,`P$``A$#$0`_`._CPB/"(\(CPB/"(\(C
MPB@QU'G/;+WIVD-I(^ANFL>A\,MN8=%S72J_/X?E_-\]:8]_6,UI>?FZX9VB
MN[F.MTA,[FY^UAOQ[BMKR)1V`-(%*J,W,,;_`"28+,F),9IM#<:3,\WDT<>S
MT_&M-=4^HS?(O0W$:JRQYQ%J\%V@O[>NZZ1*T\B6FF/KHS5A;*7"ZTBNBG=Z
MWP^PW[;M#?8@YS[<BQYX/D*N`/"A5XE.-P[ED^VL&0XZ>V(BM;+M)NIB*B+L
MC(8D$B:!_P#0_9G)JAIN4DO"B/"(\(CPBCM[+8W2:[%9EN.,WHE^#UWA32O\
M"W>SQ)C\'8=SYH-UK]Q=D=#0?N-='RU+=9EG65XP_P!V0?[<OP[PJ%&N'J/N
MR/<[&J.YS2T&5J]H=19^[I<?L^HZ&MI`&]E@QS4K;B]PL6]BV+<]A7V%K#;.
M$KUO#ORS`'23OS<5T2(R6T_D'R]#G:(C*AZ?]FQK]6?<Z3&6)U]?62.B</S8
MZQ3?Q_3<M^VY);7Z'.D25WTCQ_$?VR4'%;FTZ#[PE[+!V\N#FJLY74S8NBRT
M^<NB1,I=Z*^RP?1ZFNQ\=X49V&'DF9@F+S%X']$>BG*(_&!G>+^$75-$VUM[
MJ^S>4W%]3:O+<_6^YUR^'?\`1./9X%);B&2*W].10*0#:$;4ZO%V_10NQ[J.
MDH'1S3_N=17"LG+A^DVWBM`G][E2^X<]+T^/!ZD>"^A]*S0V2Y_-WQ@&B]@6
M";E"7<I?!NLR_%:LLS\102RX+-862"_5&[[+FOJFGRI$S]?_`)`K&_W`=%R6
MA"IJQUY;94RZQME$:>\:C[-/7XLR(C6UU5^6/;Y+*1O)#-/`L'7,[!K1K"(9
MZXFBQN<;KWNKYLG4/R,NHRNIZ3UPJWV^[Q]G1:C.9+4^RO8:/`F39>PU4%A6
MT^9Y5)F[V"OG8PB.L>@:QC_1]$)-%A9_M/\`(C:R61!?'<W6AUV4T^DAAMLA
MH*N0\V>?UV""I24'M[HP.UQ*:GHQ7[770WDMT_-!C@GGCRPV5K%:#BI*2Z+L
MN^]9M8+:B:'%]GBJ):VQ.PV<N4*&B+M4E!T&8J;JTP]]8%D826$\RM%/I[V"
M6:009X-BD/VJIO48,1J?=G)V>E^S0:VQPTE9GQ,C/JJ#3[Z?XCOO:.WM=54T
M^F-HNMA/T-ZSG%&M)J;*>PJ:*S>6I;H0"2X8KHMGH>W_`,@>9IA+EW'<A96[
M;GJ=E<9XZK/J<G6YFNZ=TK*8@!-Z)>V<3X*G%T&<M["RL(J1"A[M30XBX(SA
M:>J:+UXK[)^U/5==0%YNBQ&ZXD7T>3/"]-%R6IS9&NS=?<"U>U(;7"&:FARA
M&&KG2$1$GVHL5S8,F$&8^8:058J0`K1O*ORO_]#OX\(CPB0!O5^6UOYRV/2L
M``E77[FVLU-V.=%_;JKE\]>+TNR.^_8L_$K^=DVPL=[-)],=0\F)I2Q+(Q%(
MEL&:'8BP'5Y8QX1+$D&,#GB*%(C551)("('OBE8JI_5JJGA%BTUU3:.K"O,]
M;5E[2V4*$UUO3'BVE6>.Y7-2<*P"EG$*A5S51'1O<WY1?U\(MGX1'A%7;VJW
M]KZ:?L$F+L]99U@/6\W-B!JK*O$(FP17!;P]*'.VV>YKTRQDA`[8M9(2>346
M$<[HI`2Y!09Y98"HIHG=T">P>@T?*`*?4G9$>^XYUVAZ$;78<<[.Y;LP-7F:
MW,;!)+X.*P*KJ[1RV4E4(LL8%L-%]U'3Q/CD0FFJV/"=/UQMU<9+J-+IC(!:
MF>XJ=_;@I45D].,:%#1@RA154`;+"V`LIIU4@U;V)P$\=H`$C0I[`BB%[*_S
M$>J_"R['+8$NP]C>A@2R!E4_+#*V3#49\,R0S#:GJILKLL/*+(R2,D6G2\M!
M)F?1.'']2+YE6`Z+ZBZD+7XVP/X4FGBO]B,?G'5U-X8'$<%TN3S^*Q-6W=T/
M&I[C?:?ZAL[.8M!XJE_K'\R_N_TB4N#%VG._7VCF^K\,7G^5#W6R#9(U&O'L
M-QU(2]SMO]'Q_9,+E:B1OROZ?/TJW;F*\E+-C6OS67DD?35L(#`#PYWAQ<.W
MD85@U[YA3N);C[!K6_.D)<3^:WE`/YSE!_5>T'M+MY))=7[0^Q]G^0KE*$"[
M=T?+4I?U.A>K2,QC=%G<N^-L@[7,8@2,C=\JU$^5^<VM?++HJU`IAA(_B^21
MU?1S\OJ:%CLW6'4,Q/\`W_*W@UK!\O+7Y57YU[V7]E\YT6R`HO93V*JA!!*8
M@6(+NW5X?QYY!4F?-"]NN^Y'*LJ?4CD5%1?U3SONFO+OHF]GSL=UTY;O9',Q
MK:AWL@PL)`(<"-23WK!.M>N.K,;)AOP.<FCYX'.=3EU(E>`2"#70`=R6_-_Y
M5?Y&.5$#D9CW#[7:?8>YRP=(T<79!R&23??EB(BZ\%N?J8]?EJ*U6OB8OQ&Y
MGPGQS<AY'>7M\UPAQTUJ\_%%,^H[0)3*P?HT[%T5CYR==V;FF:_AN6#X98F4
M])B$;OUJ]JMJ]<__`'+_`'C*D5]1[0<6Q76:%KXX"]AR^<CG&\'%;&GW#R<_
M:D7^*U-D^5J_$$#\V/\`2_\`YT^GX?JO/_\`CMD(&OFZ:S;)P/W4X\-W<)&\
MS7$_2;&.)6RL'Y\V$SF0]0XA\)/[R$\[>\QNHYH'8Z0]BZ4_3_\`DG]0?>`5
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M"P3E-+T7>6G,>E4<EFEWS+U@T6JFL*RO8>-B]#57O6M8&;;G-BHTL\B3`\<)
M4,8`2@UU2:LO:7W@LZ?G]>[@NIK+^VK_`%ST>N,HN']8HJZEN]%K_6C:=$RW
M[J=/T1TN6!Q&]U6;N_N`#VE<31&D(L<D*P,)0<58;Z\;[>](YE7Z3IF/L<3L
M4N-#4V=2?D[S$PDMJ+<H$2WIZ#36EKHH:&S%B9().:HY!47Q,X<='I$VJ%/A
MX41X1'A$>$7_T>\/)=*YSOI#H<+O\5M9:QD$EE%DM51:.2OC*=*T:0YE.>8X
M1A#H'I&LB-1ZL=\?/POA$K`S0[`=I0!8QPKWS1L)#GB)'=(-/(,1&V:%[XW/
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M165W;V9AE[I;Y#K073B#-".L3T!$`'B#>)7M$K0JH36BE3,:&.0(*06-`58/
MEC`&FGBB(-D'@>3/&)"][9"7PC1ND>C$<K6-5R_HBKX463X1,WWKOW*?6?F=
MWUGLFJ%RN0I5B&8]T<AEO?W1;95J\OE*,5LEEI-3=20N8("+')-+]+G*C8V2
M/;]K>WGNYXK6UA=)<2.#6M:"7.)V``:DKYRRQP1OFFD#8FBI)-``-Y*Y&/=+
M^2/NGN,?;9@8JVX_Z]22RC5_)*&V6"\VE:BR1L,[/IJB9KM!^XP/^9<X'-_C
MT#7?:(_=)(V%^>BNCO*>TL6Q9#J9C9[W0B';&SZ^Z1W$?=[11^A6J\_UM/<%
M]KAW&.WV&38]WU?F#M][ZNQ5[1110110011PP0QLBAAB8V.***-J,CBBC8B,
MCCC8B(UJ(B(B?">;G8QD;&QQM#6-```%``-@`W`;@M?.<YSBYQ)<34D[25Z>
M?I1'A%`#O'_E"Z_[=1?]"GG:](?ZKJ+^/'_(C6O_`#"^\P7^V?\`SGIH/,V6
MND>$6?56MK0VM9?4-K9T5[2G#VE+>4EB9475-9AR)*)95%M73C6%98B2M1T4
M\$D<L;D^6N1?.MRV'Q>=LI<=F+&.XLG[6O%17<0=K7#<YI#AN(788O+9+"WD
M=_BKV2"[;L<PT-.!&QS3O:X%IW@KJE_C*_\`<!W%6?0\.]^[EEG0D_9J\K[.
M?C1P6-),U$8(#VRO"B9!85,S?])-*'%'.,YK%LH)F/(LH/(_F/Y+WG3C)\UT
MUXESA&@N?&=98`-2=/O(QO=3F8/>#@"]>I.@/-RTZ@?#B.H`RWS#B&L>-(IB
M=`-?NY#N;7E<?=()#%UXA&AV08EC7%C'UYXT!H!X4\109H943)Q2Q"H'R0$C
M$P2-?'(QSF/8Y%151?-"K=:9+K>YW^0W?KO3Y(#/'Y[HW3=AC=TVV@N'V<(%
M;P+L?2,W)2G5OWAZ=L^NY^'`63.,:OX\RQ10.ED:YA7BH>X'VI[)J.&ZO:'Q
M<7RO2*?7\]SU-JNF'55+SAU'>9GF&GZ65:3X3HVU_'H\U?Z6SHJ\Q]N*D5@T
M,8^)QPY#"B$"O8G"RWLCU*ML\%:]3H!@LCT]_*B<\!09.QK]?G'],H];/69W
M<T=WH)4H[F:40.60,,JXL!["KL`6QD*;4K,2FU3V\*(\(CPB/"(\(CPB_]+K
M^Z;ZQ=KT(>PAY[V2[YX[6]PUW22'87:'\_M756AY]FLI1$GZ./#;:2P+R%U1
M2&K1O"_;+=LS$G*B6%GA6O8FYI/3[V5SED9)4>P5\'2-N[^ZKLO2='T>5QDF
M;N=2=H+;E9.6K,&2?6%ZV4N<B3H`-Q%H*.8]T(@$\0D;B(K4<$L)_6'V(M"F
M0E]MT-+1$:'F=G8A4_;^X%6*Y//]%X'IM+SL*ZE*K+45HF5YQJ*YNCAG'M]0
MW3OBM&CPJ1]ZJ52(Q?IE[*@&8AFX]F=_?4^>?SB2[&K^]^P()MTZOQ'`J7JB
M$G#7]<99,U>IQ&Q.!:5,YH2:%CH4%>Z1L,5J."SL[ZL>W)17-ZOHOL/8VN:S
M0M'+N[+,=@['F]'O;&:3UG)U`ZQY\;-R4P(D_)-4P&2&R^HB+5D-=$*PDR-Y
M*C@OC(^KON!04UY'?]V$V>FN^>5U,';F=6[5FZS,[T/DUQD-%IV4N394QZM.
M@:ZS%*=.3()/FOVN,^O9*;.YL)*C@DIC/23V>S5[9:4KOQ]A;V>F"M+FQLNL
M=-M]%JL53:[LEG4<QM]/'044E,Q,#NJO-+HJP,<X7[,MF,*PH42-Y*C@G"7*
M[OU7?J/9?OOL1:KRG!OT^CUE)8]"Z;J::IYP3E;`/*\XH\Y>SRUNQUU%M#JZ
MOKK=P3--J)((G2N<:<\5W[CCDED9%$PNE<0``*DDF@`&\DZ`;U^7O8QCG/(#
M`*DG0`#:2=P7+?[=^VW2_=/K4O3-\IE%DJ*6Q"X[RE28Y:OF>8,<D;B3F"S3
M`VO2=()%&^[M$=*B.^`A'H%"S[GJSR_Z#@Z9M69"_8'YV5OM':(@?@9V_/<-
MONCV?>TIU1U-)F)G6MJXMQK#IN,A'Q.[/FMW;3KLC)YLM8@CPB/"(\(H`=X_
M\H77_;J+_H4\[7I#_5=1?QX_Y$:U_P"87WF"_P!L_P#G/30>9LM=(\(CPB/)
MMT.Q-FH72G_![_+1;<6UF1]-?8[4/+X?JSAL[Q?<7DZ.?Q[4V$S8JC%6]H1.
MU8^6Z,V1!@G/1[:$^:-JNCK9'N!\D^<GE:S%>-U;TY;TQSG5N(6-`$).GB,`
MV1D^^T#V''F'L$AGJ/RF\R7Y00]+Y^>N0:*02N))E`_=O)VR`>ZZOM@4/M@%
M_:WYYR6_$>$1X1'A$>$1X1'A$>$1X1?_T^_CPB/"*OKV$];^O[?M$?6.0DX;
M.;4/.Y"JR^]VK:74UF:FH)=RPHF?+66`L=O6V=5%LYYJQ,[J:FIMIB98[H*:
M&%S3RH.E$G,_QWWC#@M-`9U.I31T5?4$<VS!.WT]ABEM"-$^+8`[T8X"VN=&
M$1F3C)J]3;*S>.<HOVY1H(8Q125"QY^$>Y=#+L@,AU`><4F^./Q%Q:[:P'8/
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MPB/"*`'>/_*%U_VZB_Z%/.UZ0_U747\>/^1&M?\`F%]Y@O\`;/\`YSTT'F;+
M72/"(\(CPB^7L9(Q\<C6OCD:YCV.1'->QR*US7-7]%:YJ_"IY\IX8;F&:WN(
MFOMY&EKFN%6N:X4<T@Z$$$@@[0OI#-+;S17$$CF3L<'-<#0M<TU!!&H((J"-
MA7?3_!1[[&>W'K+/RSI%[):]U];HZ7*Z*PL2'S6NWYP?$5#SK<DSD/=/8VT8
MM7/46TJNEE>97L+G<UQ\;5_G[YD='OZ+ZGN\;&"<;+]K;N.M8G$T:3O=&06'
M>:!VG,%[EZ`ZK9U?TY:Y!Y`R$?V<X&Z1H%7`;FO!#QN%2W7E*O'\P)9LCPB/
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MGN&I7#)L^.=ZP\]E;;S*VF]FM+2SO]'T3!/)VW[_`*+16)%SH-%>Y\<$+<"6
MM[=V!!IKXJLD*"25[G$_3_=YZOZ=SMGA,988BZQ[X88(PP21UE83O<X-`E:Y
M[B7.^S+02:OHM,9?#W5_>7-_!<MD?(XNY7>PX<`*DL(:*`>T":>ZFNK[2MMH
MGSUAXA\4<KX)GB3QS_8(C7Z91R$C<YT!,+OT?&]&O8Y/A41?,\M+VSOXA/97
M4<L/%C@X5X&A-#Q!U&]8K/;7%K(8KF!\<G!P(/R[NU9_G*7P1X1'A$>$4`.\
M?^4+K_MU%_T*>=KTA_JNHOX\?\B-:_\`,+[S!?[9_P#.>F@\S9:Z1X1'A$>$
M7Q)+'"QTDTC(HVI\NDD>UC&I_P"KG.5&HGGPN;JVLX7W-Y<,BMVBI<]P:T#B
M7.(`])7VM[:XNYF6]K`^6=QH&L:7.)[``2?0%;M_#WO^L^LWN9RCM#\AI*SC
M.KG_`-H^MZ.V$_8J->?])M:FG'NXY[J4"2RK<IN8:>Y(G#B)2,6MG15:U7JG
MG#SJOL%U1@()<4))[ZRD+Q*UA$0C=[,C?$?RAX-&N!B\059J0*D>B?)_#=2=
M.Y:Y.3B9!CKJ(-,;WCQ#(W6-WAMYBTBKFD2<AHXTJ:!?T._/**]((\(CPB/"
M(\(CPB/"(\(O_]7OM)/!#F`'+-$%(M2W@5<!),,$UD=&";:2!`12O:\PN.LK
M2271QHYZ0#R2*GT,<J$67X1'A$>$1X1:ZIN*B_`@M:*TKKJK)=.T:RJ3AK$`
MAPI$HA+8#`Y9AY7#EP/B>C7+]$C'-7X5%3PBJ5_DHKQ,EBN'<KSMI="Y7>]I
M%O[/`,CJGY&LS'*<M>;P)].JU3KBH@JNJ@Y6<4!A?[="SZVPPQ(R)&Y/T=:B
MYS]GS"K(^9Y_-'L^IQ:5UF8E,6/GH?:=1OK.OR55?'F]%@B9[H?`^2]1F<?K
M<;7RWZQLBCUM-(5FMC"R)KT@B;J<_/6W<P<3I%7\6::423^DD3VJJ+\#;Q^+
M^(C+H[KY\;BQ_=S-()'T22T[P0OT7%T?A2-:^'YK@'-]1J`>T4/`J'VS],MY
M2K,7S;:UNS!1ZO9G>@11T%]'$K_JD:+L,W72TY[XXU^F"">F$^I43[IGZJ].
M[M>HLW9T;,Z.[A^E2.6GUF-\-U-P,;*[W[UU%Q@\=<5,/-!)V>VSU./,.T\S
MNQNY15TPE[A"V5_1<QH.?%RS?C#2:D.*"E/(56?0/4ZZO(L<;<%/^XU4@%L)
MIVHO]S&K^GF36?5>(NG,BFE=;7!-`R8!E3P:^IB>>QCW'L70W.!R-N'/9&)H
M1\4?M4[2V@>T=KF@=J^?,D73(\(H`=X_\H77_;J+_H4\[7I#_5=1?QX_Y$:U
M_P"87WF"_P!L_P#G/30>9LM=(541%55^$3]55?Z(G_JOD)#07.-&A4`N(:T5
M)3@X+E'2^HRM9S[$7^H'61T3[409@F>ADC^/NQ3Z:TE`ST4\2+\K$I7WO_1J
MK^GF'7W7?3]J7QVL[KVX!(Y;<"05&T&4EL#2-[72AW8LUQGE]U-D@R22S%K;
MG7GN"8]#L(90RN!W%L9':IR<^_CJT1WV#.I;H.B@<C'RT6&A2TM/I<OU*R31
MW8<58&0QG]KFLKC(_J5?ID5$178=>]9]1WW,RT;#8P'>/MYN\.>T0L--K3%,
M.#BMB8SRTP-GRR9*XEO)A\(^QB[B&DRN'`B2(\6J=O.?6CBG+7C&9C#5DMV*
MY)(]-H/KT>CCG^A&/G$L[AQ3ZETB)_<P)!H?U7X8GROF,2P?B9FW-]+)<W0-
M0^9QD+32GL!U6Q]T;6-VZ:E9Y:6]KCX3;XZTBMX"*$1M#.8?2(]I_>\N/:G>
MT=(+I<_>9PUSV!WU/94Q3XE5)6#V8<P4TD3D5JME9',JM5%14<B+\^2ZMX[N
MVN+645BE8YA[G`@_(5RH970RQ3,]]C@1W@U76%ZK=,,[+ZT\$ZI:RLEO-YR+
M`:/3)&CD:/K#\S7/U@*_4UGR^OTB%0.5$^E71JK55OPJ^2I8WPRR0R#VV.(/
M>#0K;S7![6O;[I%1W%.V9K<O7:6CQI^@IP]9IJZ\M\[G"K`:"YO*S,OJH]`;
M55\DC23AZ9UX)^0Z-KOM(0Q7?"+\^?-5;-+2L=9R4K;$%UQ$##:2U*%CK9QU
MA!$XD%C(`DGY3`9RAI(F3*Q(W21N:BJK51"+.\(M"[49YMO=4"W`+KS.T-1J
M+RGCF;+95>>OR=$%27!84?UD1@VQF1M(AW_3\32`3M;\K&Y$(OO/Z2AU=<^W
MS=L#=UD=I?4<AM=.P@>.XRU[99C1UDCV*J,.H]%3E!%1+\/A)'DC<B.:J>$6
M[\(CPB__UNSOOW!.D=6Z-S[?Y3=5.37CC*&\PM;*.1*[0ZDCHV6TN^!TQZ`E
M2YVFO,+@Q\U`;7L(,6MTMW%)$C71?<*@I@LIZB^T=6^MGTOL]T+2OJ*.ZA.&
ML>U=!:)MM1)H>#%26TBY?+8F7`TVZR6$UM2\"/\`?W8J32H=43E%H^1"5'!:
M75>M'N&!>UEM2]5T6WI+'7Y*:ZQS_8WKN1CH\@SIF-OI<E2:"I'HK06FR6(J
MC:RST9;K_2ZJ-L;U#$>78Q$Q6HX)0A>L'MX)JX[@[V#.O*"#$97,6.<3KO5Z
M$+8DT%EZ[V))\BCU%K9\^T-D%SC7U9=Y5&D$V`NF81(,PO\`/D,JE1P3G\GX
M+[&X2PZ+:W'=KN]M[WGV@H<6_3[70=&Q%)JSW!DX>V7G6@S-+85<7,8AW5LY
M3-*<9LH'O.L?QBY$;$2O8EKZ><-U_KMS"SYCHSZ<ZC!V-S<8&$"]*U5K192[
MA!+7-:36&XO#&["RJKW\QT-H0&TB4&:"!Z-09JN(355(?S>R-L^H^H]'#;7U
M=)783V0NS'YR^T&4LAI3M!Z\`4<[+[.'5%HUD\8-DQT,1/T.1OS,S_Y2^;,\
MK\=;9#+Y#\3&XL9;:$.<P@E[=['-.P'>L4ZLNYK6RMC"\!SI=X#J@-=N<"-X
M5.@LNTJOI_8>K]3J?H^E6J5K)-G\.;]"HKDZ.)M$E_N9\JC_`*FK\JBHJ?IY
MNIW35D/N+FYC[I7/_F^(L$;F+K]Y'$_O8&_L<J4(O0NXUBM<)U2&[^A$_LVV
M$RUC'(Y%B7_53%0\[D^A5C5%1CF+],COA47Z7-^#NG)F_<Y>0_Q&1N_8$2^S
M<PT_>6+/S7.'[1>E&+W;MX*-4VNY5J7)\*Z,4/78)'_V-^6-FEN.D+%\R-5/
MJ^V_X1Z+]/RSXD^#L'EV>Y=VTG>Q\?R\\OY/1IK]6Y2R=[T$K.YS7_W6?E_X
M;E_L9I2A"`M9Q*OM*XR&2`P#-;^MT["1I&O;(/.'L<K@0B&R-3X5CY%8OU)\
MK\?/QQI,9F0US9<?#(P[F2\U1VB2.,>BM.U?9E_8$@MN)&NXN93]ESC\BC?J
MLSP.[^\=G^?=MX)8O?+*W_&Z3*ZC(3+\S*V,CGF4UF[J0`W2)];FU,-25(KF
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MY&@N8`="Z0,:#H2%KKK/HKJ;(W6'B@QCFMC@<'O>6LC:3*\TYW$-<::\K"YQ
M&H!4E^>_Q^=5T:0&;Z[H^=5\B(Z2NA5FMU*?HBK%+!7%#YP)SD7X;*RP-^E4
M_6)?Z+S+WKS,70+<5C8[6(_'.?$D_P"E$X1M/`F9XXLW'\8SRML(>5^:R;IG
M_,@'(STRR-YB.($33P=O$Z>>>F/!\!^.5-F';JY@6*1+??20WZ-GA<KXYAZ)
M!Q<P)+%(OU,DC"29JHWYD56HOF(WGXG*'FS%]-=ZUY9"/"%-12%@;#4;G<A?
MLJXG5;"QN+Q>&`&(QT5N[Y[03(>-97ETE#O`<&\&A2HBBB'BB@@BCA@AC9%#
M#$QL<444;49'%%&Q&LCCC8U$:U$1$1/A//T`&@-:*-"YQ))))U7IY41X1'A%
MT0_Q;V,MEZ0\MDD1R-`V'L%0#,?(LJQ@9GV0ZYG*V)KU:U?MPU]5$UJ+\JUJ
M(BJY4^5\L=11B+/YJ,;!=2T[B\D+:^.=SX^Q<=OA,_9"<GJOJS8].ZF%UC_=
MN^SEO0%XV#*4(6:HC<W5YZGI>B9;8BV"%N31'Z'9Y;L.E$::+8UX0CY:R>8`
MV2K9]_IES:J-V;_CUL\KL;3HNJ[;A=7H+T3FN8)!U'%RUQ&@JL%S/-\FRN2U
ME";V4JSU%(656.T/X"68S':Y`#HD;^&Z`J*U[%K:_P!!LD)3ZG2A^T!Z6@#'
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M=%N[WF5HZVUD5.%;Z/$]7QTE]_B"D&"U;[C,ZREJX(XR_P`6E>.42*"PA23+
MB*U'!;4#AGO='7&%G]A9-9EW,XK*<?H-^VK#YLT53J_.0++4/MUTS2(!P"3T
MMF7TX[)61Z:$F>2[4E1P3V<;P7M]3=4J+[KN_P`A=86/`9^OLZC.FWZHR^'Y
MU@Z>U`_#MOR`[2=W3ZC07;;1(`;#\&UA%E*,BB:.-5#12I(P]*3.\B0W8-DD
MFDG<T?H6^$@1\JO5S6"BZ6$:*%/N+],;6)&S]/I:GPGP45"'\S.+&HNC>J>A
MKOW9XQ>.]B:"T,MM!I;]TIB7'`;3/!1RWA]G",L8H]M*UC'Q/>GUJC7HURLV
MIY23!N=OX2??M"?2V1GRT)^58AUFPNQUN^GNS`>MKO[/R*EN]VN.R_\`^9=9
MFL\J_3\)=WM95.=]35<U&M.*@<Y7M151$_5?^'F^+C(6%H0+N]BB)^>]K?RD
M+7<5M<S@F&W>\?1:3^0)O3>_\R&5S`K.WOIOJ5L;:',:.Q%F<GPJHRY2LBH&
M_P#,GZO+:GPO]?CSYLR#)M+6UN9C6@+(92T_\PM$?K>%'Q-BUGN88_K2,YOT
M`2_]5(X[V*F?\MH>=7,KD3])-1>T=",]?E?U:ZBEV9:,5OQ\?7`UWS\HK4^/
ME>2R#.ST\'"^'_&EC8/_`(?Q!]8!X@+BOO,5%7GR!?\`PXW._F>$/E20.[7U
M$[ZOPH<1G(WJG^E^W76H+B;\?W)%92VN;%<]')^CG@JBI\_VHOZ^<IN$SDNL
MM_;0C@V-\I'<]TD0]<7H7&?FL<S2.SFD/%SVL'Z(:\_K^E)&?3]*OSJ^IDW&
MZN[*[/974F8R-<&)<W-F7]2PU&>KL/0"ZZY/G:Q4B'AE((5&JK?U^5\^&0QV
M*Q%JZ]SW4%S^%!V%[8JGYK!!&R5Q.YH<YW!?JUR.2R,XML7BX?'/!KGT'%QE
M<Y@'$D`<5)#HGID#Z_<+,]B?=EYX/YKFU')?7<G5$Z+JW3]B<,XJF!V6Y,M;
MN7G>7#CCD,N8JB0FY@K6/5#`3D8+)JB[R`ZIR-K@.E<*UKYG\K99ZS3D;7/Y
MY#(88VMJYS@3)RC0M=[)S3PF]-XVZSG4F4<8X6\QCCI'%7X6!K`P2/<ZC6@@
M,J=06ZJ,W+?4)2^6\YZY44X#-]V*AZKT3/T<38JJI)AYKTEV8M,O4JXG[.<G
MT=/K`BZ8EKF.$>,QGWF#/*1W#L<+C\/U+E+6RMFW,<)>SE?3[7\.X0S%I->1
M\CSXD3P1R&@#A&Y]>8S(WV6Z=QEY>2F"XG8V2K*_9B8&6)II3F:QE&/!'M#4
MCF`2\R?2>DTHD).5Z!H'"MEE8_/]!&GV`PQ@LKQ3:VV;>S"[JO*KRH7P3",M
MQ?L2L<Q6-<GZ;8M\):7UI#?8+*S1PO%0V2LS`=A:YLA\9I:06N8)6<I!!`(T
MPV3+W=I/):Y.SC?(TT);]F[L(+!R$$:AQ8ZH(-4^5'[17H:MAVO/E.B;]+5N
M,#:CE/>B(JR$$YG32T\H,+?CY1@]C93.3]$:J_".X\UAG;2OB6++B,?%"X!W
M>8Y2T#N;+(3N''E19+%ST'CNA?PD%6^A[*U[RQH3W9?NO*=<0-7UVPKP+HKZ
M4@SVE85E-!/(OZ.C$I]'!6&V7VW_`**\5L\2_HK7JU6JO!&0M1*V"9YAN3L9
M*UT3C]5KPTN[VU'`T7/$$CV&2*DD0VN80\#O+2:=QH>Q.WYS5\D>$1X1=$_\
M7M8^K](>2(K9&Q7&@[?K0UD=&]9JS;=_ZEL:HEKHD1GV2ZV]BEC3]51CT155
M?E5\K=02B?.YF4&K774M.[G=3Y%MC'L\.PLF':(F>OE%5/[SJ%RTS/8^2B]3
M3FA"QTD5KSCK6#Z16VEI61FF!0Y>Z@-N!*4K[;B:PZZJV2"K)&YB.8]6O^6*
MJ>%0:54;\QZP])P_)KO"4]E@+Z\DJ>&4=#8WTI;:D6;@"<^JLYT26NLL9K:Z
M/JMX#FR;>,\D*S"IK>MI89!+8<::1Y*U7I7^HMID`\A;\F/JN8[?/US&G%SZ
M2[Z2$7?V=<)GKJ^8NJSPN>'(BJ*4&6=`<_6)=(CQ7?MSX0+`,E>*GEX41X1'
MA%__T._CPB/"*$/.Z#V:K#/:,CLE#8[(76W8N@Y)4<][--7AQUP'/XOC#Y2S
MG@YM<<V$?=U0U>TY%;,;:$DFDK%`Y9GE=-$E'<B]DN55U)=8O7;GL.B&SE59
M:?(:7I&@GH;/72W&8+M**EM-MOAY8,L-:BEF@N=-`<'6(2"<1=CE"@BDJ%83
MX41X14>?SZ\J9N/3/,[YH3R%XYVS%7MS+$Z=)%RFZ#NN6&`3,A>C9JZ?6[.C
M)G1R*U/PFN54:UWF:>7LMFSJ_#Q9")K[.9YB<UVPF1I:P$;#]IR:&H6/=5,N
M78#(OM)'-N8VAX(V@,(+J?F<VQ<@P%+3U7U?M=365OU_\_X``H?U_*JJ_5^/
M%']7ZK_Q\]E6F-QU@"+&PAA!_P`-C6?L@+SS/>7ET:W5U)(?I.<[\I*V7G-7
M&7XYS6-<][FL8QJN<YRHUK6M3Y<YSE^$1J(GRJKY"0T%SB`T#4J@$D`"I*EY
MZP>D'=?:UX=SDZ^+!\IG=$Z7L6SKBWT=@(]R?7)SW-QD5UIT:;[:_+)X9PJ5
MWPY/W'[K%A=JSJ/S.L;+Q+3`-;=7FSQ#]PT]A!!E/8PAG^9446=X;HB[NN2X
MRQ=!;;>3]Z[T'2,=K@7?0WKH1XEZI>LGHMA]+T*-L++'/9BRN.A]UZ-,)8ZQ
MF>J1);&YD2P@"&!RN=B''5[ZZG%#&F^TQTD<\Z?<=I+(Y*_RMRZ^REV^:YIM
M=L:.#&@!K!V-`KM-3JMFV=E:8^`6UE;MBAX#>>+G'5Q[7$TW4"Y!O?WW/T_N
MEW"WZ%.VSK>;96(_/<<Q13E26DR39VRRW%B%"YT#=AMB!HS+%6_<="U!PDEE
MC#BD=Z7\O^E8^BNGK_J;,0TR[[9TCP=L,+&F01=CC3FE^ERLU$8)\R=?]52=
M:=06/3N)EKB67#8V$;)9GN##)VM%>6/Z-7:%Y`O\Z)R=.0>M7J=7)`V"?B9G
M,L3I9XVM;(5'MLA+R^T;*YK6_'[KTS0U)T_PWX?+"GZ-3]6Z,Q\LD-]B[B9W
MVADY7GB906GURN:5Z+GBC_"7-O$*1M9[`X".A'J8"%7]['\ADIRK+L&.!?(/
M*UI'3L^&U5<0,+`V+_/JL9ORC[6J#A:RTA8B.,!C;,SYG&^V3L2ROG8*[DNP
M"<9*:SM'P'9X[1Q``$H&KF`.'M,Y7XE?63<G`V(4%[&/LS\X;?#/>=6'<XEI
MT=5L9HI8IXHYX)(YH9HV2PS1/;)%+%(U'QR1R,56/C>Q45%15147Y3S93'LD
M8V2-P<QP!!!J"#J""-H.XK!G-<UQ:X$.!H0=H*\2PQ#QY!#A1C194^F48N"(
MD>5J_P!6R0S-?&]/_@J+Y^)H(;B-T-Q"U\3MK7`.![P:@K]1R21/$D4CFO&P
M@D$>D+*HC=)D/MIB=CJ<C#%\)%6UUDVRSL<2*JN@@R>D@O,L#'+]2HYPP<$W
MQ^K9&JC53'Y>E<;ML7RVCO\`*=['<(GA\([>6,'M7;Q9^_;I<<D[?\P>U^FT
MMD/I<1V)Y:/V1Z53HV/2YS,;45JK]1E&07C;MD2?2C4_;3W:&FM2U_57._*J
MXO\`T:GQ\+UDV&SEM4Q/@NH_3#)3A0^(QY[2Z(=B[*+,8V:@ECEA=Z)&_P!U
MS1Z'E.K#[0<_+JK%R#:.DU$5>9+3Y7249(Q-Y;-@D_:J*LN:J2VRMC;W1Z,&
M&%'L9"9II&M:Q7.;\]+D,G_2[:YGR%G/;NCC<[[1GLF@)`$K"^(EQT#1)S&H
MTU7;VD++Z6*.TN8Y0YP'LN]H5VGD=ROH-YY:=J[!.>6&#].O7WU\Y!NK>T?8
MX[E&;Q,$.8R&RWUW?%\TP0#MKHVT>!S5_=/`B4&0HPYXD8S9RHV.<V4B&-_E
M5[W/<Y[S5[B23Q)VK;8:``UHH`G_`"ND<\!0I3]WC@/P2ZVO.:?I:8)X-A<@
M26M0`=&4;$\,ZSK(GD#PR(V6:!CGM:K45?/RBQ!NJ\T,(_'&WF3F5T.;GA)9
M>URUQ:;"[T>:S$(%K]_]LL#;O09&R#@'@EDG<2(]GT([Z44E%L%Z%@4("$7<
M9!"K*Y-SE<,NEI4(L-#6E#`V-"%#^;]PJY`.,AAF%C1T\4LK&.:CG-12+14/
M9>5ZBZU>>H-[F;.VP]FRFU`\%E"D=9:.CIW2A(9*L8)\P<N@"@)0:29!"RHQ
MYOMSN2/PE%\/[7Q]EV5G']/P;;H"@N=4>"NIIOJK\[G="'DKVW/F_,_'!"I]
M.?#7DNE>S[)<B1.^'_*(2B4+.@8.2_CRD>VR+]3+*L$6:9I*9U_),T1]@Z&.
MG0U;%\J`1NG5J1JOV6J__E3Y\(E=X1?_T>_CPBPK&QKZ>O/M[<\*JJJH(JQL
M[.Q*@!KZZO!@>2:>>:2^(8,(,:)TDLLCFLC8U7.5$15\(DWB^B<_Z0`9:\[W
M..WM77'-J["RQ>FI=2`!9/KP;9E<891FG#BG.JK08E(7N;(HY$4GQ]$C%4BW
MTMU307(&=GMJR'06M9;75912GBQW-C34!5*#>VP%8^5#3*RE-TE="7/&QT0T
MIXS)'-=/$CB+9^$1X11D]F,SAN]\@Z_ZWV,5KIR^D8:_Q-L!CPP+:TQQ5]4O
M_:-'8'69E=E\O<4!$D5M6LM3@Y"I0T49LSVHQ?I%+)!+'/"\ME8X.:1M!!J"
M.XZK\O8R1CXY&UC<"".(.A'I7`!<4&DR-[H<9M*MU'M<5H;S&[.D?]:K4:W*
MVA5%HJYKWLC=-`-;`RMAE^E&SP_3(WY:]JK[LZ;S4'4.$QV8@(I-&"X#X7C1
M[?S7@CM&N]>9,QC9,3DKS'R[8WD`\6G5KO2T@_(E1S'F'2.V;!G/^0XRWWVN
M^U`2:!4I##79ZO(D6.*XU]^;(/2Y6G5S7?3,9-&\A6+&,R>;Z8G<'J'K##=.
M-++J;Q+\BK864,AX%VYC3\YY`.O+S'1<K#].Y+,N#K>+EM:T,CM&CB!O<>QM
M>V@U5^?JS_$USSGO[=M/9(FF[+O(U',&PT(TTO',H7&JR-9^U60XYG2CX)%1
M?R[F"('ZF,?#6#RL^Z[0O476&9ZD+XKJ3PL:3I`PGE(W>([0RGZP#*T(8#JM
ML8?IS&X8-DA9XEY_B.&OY@U#!W5=N+B-%;['&R)C(HF,CCC8V...-J,9&QB(
MUC&,:B-:QK4^$1/T1/,67?+E-_FC]^6],U!?J+R:[^]S_"W$,O9KRMG7\?7[
M^G)=(/@X9X9%C+SV$-C9,>B_+9KV-L2HU:]5EW/Y2=$_U:\;U/DXJXRW?]@T
MC269IH7Z[60D:;G2C:/"(.E?-GK;^F6KNF,9-_\`83L^W<#K'$X5#--CY1[W
M"/=]H"*?O5O`-ZG[)<+P$T/Y`6AZADOW@=/GY(S=-9Q:+50HJ([Z729FG+1'
M*BHU?U5/CY\W!YFWOX/H[)1@_:7#HX1VB1[1(/\`I"3\FQ:E\LK#\=UEBB1]
MG!SS'L,;"6'_`*G)W;5V*^Q65,VG"^J4%5`I-])C+FURL2?5\_YEFQUTF-D^
M&LD>Y(-34AO5&M5RHWX3]?/+]QS^#(Z,?:M',WZS?:;^L`O6,?+SM#O<.A[C
MH?D*@?2VX.@IJF^K)%FK;NL`MZ^941%E!LA8C!)%1%<B*^"9J_'RO]?-DPRL
MGBBFC-8WM#AW$5'R+%'L=&]\;A[320>\:*NSM7*/]HKU+NB&;%R[3V+8AX(&
M?0-S_2V$S6Q4JM;_`*8V3T9DOQ6_\L0)KOPF_$<P<;>?@LC_`$B>/&7#@,7*
MZD+MT3SLA.X1O/W6P-?]D-'1M'5YBP_&QOOX1_WC!60?/:/W@^DT>_Q'M[0\
MEL/-@+$$>$1X13L_C2]?I_8WW1Y!GRP7%XGEUI!W;HLKF*X5M5S:Q`L,73SJ
M^"<6>31]0EI8I`YOH0RI@L?CZDB>U=1><.=&/Z?BQ$3_`/N;U]#3:(HR'./'
M5W(WM!=P(6==!8TW64??O;]C;MT^NZH'J',>PTXKK:]AL)RGN-UF>+[#:B5.
MJFK;:_J<Q/G<AJ'E!VE?:UL=_6#;;,:&LH]O40T]@7060CQ[09P)TD23B1'1
M+Y>6Y1IJHC2^EGJ]MMCL^5P]MZ5=:,MO:T_8KV[DT\HDO0\)UK(]5&I=)K*6
MP`O;7,6/M'/:%A5Y3OV8R6N:8,UTDCR8K4[:*0B>BN!%Z%J.CU&PT]9;ZIQ0
MA=5+48F^RP=%;:#L]Y?4X>5TN9N,Y(I[.W60T1!(I#QH8&1HCX2#X2ZI5)[-
M>AO))X<=IJ[9;^QBJN=9W&Y,FTBJ!B`\9377!=+C'RA3YRN*CTU:!PFM%)L2
M8FVIC#RFDO\`],2(4E4DSOX]N6XVKL](?V/I%'29W.5M;:6*,Q@OX7)\)7\%
M(AH3[0?*_N\IHX/K%G7%7B3?NKXW'K')$^89P<5KV)P\YZ48B&/`:&GZ3JIR
M<5F\]78:T$S_`#@`)*O.A<S"Q!MQ65F,`#UQ%=G><"C/EM&E/D:4KH%%0.L8
M!5*E8G,O2GD&>DYKH^:]+UY5+SW3,L*PRET&?L&:&/,U//,3+FM)H:FN8_2U
M\$W'@8+`<UQ,:$QSN9&.=$.2*2I4]O"B_]+OX\(D5TK)2;[G._PL)S*R7:XK
M59**RD@<5'7R:.B/IV'2#-E@<0P1QB2+&CV*]&_'U)\_/A%7BGH;U1A='8U'
M>!,K(!JLKK;"N92:K?RE7.*%XT!4V8NQZ+M+O65YUG1\L,J95%D&2NK[M6!?
M;B99C7<7ZKV)*T7\?U]6WG&M14^QPIB<RYU+6NI)Q[DO*[^ZU&1]=<AK-UI&
M@[0*^(89=\:+TU9(#9!SAZPBML$(?+7_`.L2O8IH\9R^AX#SJHY?:'W?6-+!
M8Z*SIVY_,`485;0VMV8;7UEA;-BHL96#U,<KVMEF<&4<V-ZQP%$I(^6J;4Z'
M^+ZW4?W[>_\`V>M=_P#H[`65G7CN1/T^FYWGV:C5W'TRQ,FB_;XJ")&O>.3&
M9&OU*42[J:>HH*X:HHJNNI:D-KVAU=2"-6UPC999)Y6C!!Q0C0-DGE<]R-:G
MR]RJOZJOA%SW_P`D/\;?.-E[88/V-T6BOL5QSLQ=/ANYQY"`,,QG8H8:[/<I
MO#M&:I$&2SO501H,Q8FQ#.(2['J(!UB)MI3(,[Z6ZUS6#L;K!V-V(K:=_,'4
MJ]CJ4(82:-YP!4\I(('*6DDK',QTYC,I=09&[@+YHFTY:T:X5J.8#4\IK05`
MH3S5`HIL\IX_S'AV/"P7)L51X;*`R/(;64H[FO,.F:QI-M<V),A%K?W9J1M4
M@XZ<@PA6HLDKE_7SZ$N<Y\CW%TCC4N))<XG:7$U))WDDDKZ@-:UK&-`8!0``
M``<`!H!V#1.3X551W\L?OPGJ?RAO-N;6[8?8+K568-G2!)HW%\XQ\BR`V_12
M(_[W0VCGH\.B:]$;)8(\CXDC"FB?E71O2MSU?FHL;$7,LF`/GD'P1UV`ZCQ)
M""V,'?S/H0QP6)=9]56W2.&DOW\KKY]601GXY*;2-O(RH<_T-J"\+C"57.<Y
M[WOD>]SGR22R/EEED>Y7R2RRR.=)++(]5<YSE5SG*JJJJOGM&RL[7'6EM8V4
M#8K2%@8QK=C6M%`!Z..IVG5>,KN[N;^ZN+V\F=)=2O+GN.USB:DG_P!4&P:*
MU3^'C`?Y7[;2ZV>'Z@^7<VU>A@(^/J2&_P!')7XBN@_JGT.*HK^V<B_JGQ"J
M?'ZHJ:<\XKW3I[%@Z%\LY[.1HB97O\9]/J]RW3Y+6%;C/Y0CW(XX1_S'&1WJ
M\)E?K+JA\THM]*H;"U'^*UEO@?I^TWFFPVG.@AW-:R2'.Y'3VE5B7RQL1&1*
M?A8JPMK6_*-C(:GRO]?,LZ>DY\3;1UUBYH^X,<6M];`T]Q72Y-G+>RNW/H[T
MN`)_6J$H+NDJ=)3V=!?5XMM2W(1-;:5IL39A#@2XG0D#3Q._1T<D;U3_`(*G
M]45%_7SMY8HYXI(9F!T3@00=A!7"8]T;FO8ZCP:@JKW=82VY-J_\.MB";*EL
M&DF8+3%HJRW=3`OU34=J0B)$_69R%S6D+^BGC?06QJ*I$0^0=/9>0O&&R,I=
M=M:3%(=LT8W$[Y8Q0/\`GMI(/C#,=S6-;&/ZA:,I;N/MM'[MQX?0=\/S3[!^
M$NT'F7K'ECE%0!#3EE2?:'&B?--)]+WJV.-JN=]+(VODD<J)\(UJ*YR_HB*J
MHGGPN;F"SMY[NZE#+:)A<YQV-:T5)/<%](89;B6."%A=,]P#0-I)T`77C_%%
MZW2^G_"+&\[!C]?E>W]Q/KMENHS,K8W,&1Q]:,2/SW"&7F3AOZVHBRE:>6=:
M1V4PDPEU:V"*BBL@E=XPZPZDEZISMUDW5%O[D33\,;:\H[W5+W?2<::47H+!
M8F/#8V"S;0R^\\C>\[?0-&CL`WJ5.FY;B;OV9RWLG7^P69J+;.5(>8FHOS@"
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M%B5Q*I)R?Q<9`7!6.+J>DN.(LQ-E%<W._P"?UFX3=6>KN_8$D/3=7`;?9^3H
MNGRE'WV:.N,((@DAM:0$[_Y;7!+**\R4[/X_!PBF1S]5H+:L@LM+-E,OL.6"
MZ'/FR[/4=[WNG!W-,3N11.@,%M.ZVAE/%$RL96STM:1,PQPTZD$JO*7^-C(.
MSI&2AW(XU#,[;.8R'`5C;&`/8.ZH,N0B+2\01O-?P>I2G'T:#-BL=,%%:I+!
M]<@BJ)53D_V6XY__`!-S/_\`8F6__"O*I4\5_]/OX\(CPB@G#ZKZ&`KV8!!A
MR%/G_83,]-SMR0%I],3H+>PZ#8=*MA=B<:7F?S\H;0P:T2I2KK3IP98%>=&\
M>8:(4DK78D7E_2C49(9=E3Z.JB[`;?7EY86Q%H`ZF$K'[FJU.>Q>?'J.6Y_"
M5,0\@C[-]O'C&_:OHXY9*TR&4IDL5KZE8;2Q6T%-4P7Y@5A>PU@$5T?7!R5U
M>=;1BQ,L3`*^8DV8$(DQ'OBA?-,Z)CD:KW*GU+5^5L_"(\(DOML5E.D8_38'
M=40&FQNRI++.:;/V<;I0+>EMQ9`[`$AK'1RM;,/*J(]CF21N^',<UR(J$54&
M1U-MRS7"\6Z+<6^CSME9GTWKOWR];\5O<Z6F!:81EKBX>[[,G9,>+%/"0]WT
M0[($"6\K/N-2R%K,HQN0$[1#,[[<;/I#^WCQV\:=;<V_(3(P>Q^3_A_[+V]H
M?9#`>J'%=?VKHD[WU>=&8-34(DT<=QLM78?7#GLA1-D1R/LKDQ/ATBM=&(,R
M8J;Z8()7M[^TM+J_NK:QL8#+>3/#&,&USCL'``;7..C6@N)`!*ZN]O+7'6ES
M?WTPCLX6%SW'8&C\I.P`:N)``)("X*>X]JZ![$]5V79.GVB6FPVMFXXML'W6
M5=+7PM0>GS.?&FDE>#GL[71QC"Q*YSU8Q9)723R2R/\`9_1?2EKTAA8L=$X/
MO'GGFDI]Y(1K3@QH]EC=S14U<7$^,>L>J;KJW,S9&8%EJWV(8_\`#C!T!XN=
M[SSO<:"C0T!J/,N6*+HP_A$P"`\Y[EU&89&3:G;YW!A3R-=]UX.%H7WQ$@RO
M3X:,0=T%8WJQ?B207X=\K$GQYC\S+W\9UC>1`^S:P10^D@S./>1,T'ZHX+U)
MY4V'X/H^"<CV[JXEE_-!$('=6)Q'UBKQO,#6QU6CU&I7-^Q'5`6M1!MI2\\Z
MC`_Y:UKC3Z<[FEL'"U?I<JAQ<L#)F^E%:CK!KE<KI%1.]Z;DI+DK8G3F9(/S
MFEA'H\,$_6[5UV595MK+V.;ZCS?W_D6H\RI=.D)TCGM%T[*'96^2:%DSXS:J
MV#^VVTSUX(CUK;ZIEE9)'&>!*]?[7M=%/$Y\,S'PRR1N^$\/C-;RR.9,UP<Q
M[?>8\;'-KI4;P00X$M<"TD']L>&\P<T.C<"'-.QS3M!_M&H-"""`56+:5]UD
M;NYR&RCA!T>;1DAL[&.&J[FHF25:[64SII9/FCMXH'K\+(]PA$<PTKEE@?YF
M>$S3<A;RLN^6/(0`>*-C:4TE94_=O`)%2>4AS'&K2L1RF,=93,,-76LI^S.T
M]K#3XVU`.FH(<!0A7P?Q(_QNV?1;[)>WO?\`.3`<WH2`M/P#GUW`Z$O?WH\C
M"J3L&HJ284D'Q=*]K2<P+-\26AGV[5S&"P`/,T!YE>8(SKW8/#2G^D,=]H\?
MOG`Z4_RVG4?/=1U*!I.S>D>ESC&C(W[!_4'#V6_X8.VOTR-#\T:;25U)>:?6
M=H\(HX^Q')-%U-_%[#-N&E*Y5ULKHIE7/T3=<JENP#.-]>Y<X`+=<[K[32TQ
M(YG2X3%:R!T),(LD$GPDGRA4*->A]<O9.3N5#N<[N_M40X=]J#OW7J70K*D*
MMQ][ZW7&9Y=>9Z1!AF4U3E\7J`0[T"O?/9#D/=:#L*)DD()4)B<YZ(>UM<3T
MS-%]_M(HM!Z]<GQV7ZR/T#H;K.KZ/1\][+@MZX/&RVI`4C=4?>4%E9W!#8CT
MBBA45\IP\1`$5J.">31>E':G"7(N0]BMQ3`VFLU=Z92_[B[IZ6]19;_OMGC,
M^^_U$>_FS(6'QG4LVQJUP22FF8X:+[D#7QF#U2HX+?\`//3+HF3ZA@M]J^P6
M'1(,7UB\Z8HVFO-D?/.9?R>[U4:76B6=G9U5)828WV0QU>L`T<0B#XQ!F(R!
M!OH)56*^%$>$7__4[^/"(\(CPB/"(\(CPB3.EUU+E8A?W*6:>PLGS04E#6#R
M6.@T!<$7WIA*6H'1Q1KX(?\`4GD1&P"0(Z8B2*%CY&D217-Z3=M5^]5M'F)F
MHK.=U!ZS268TJ12_8Z%H!?H2S;\,^W/3USVU3VNG@*(MAI6HTJMSO^8X'J6&
MMN:[W+UNBP]T&*$903MF$AB;7SCF5)=456RAV%#;T-@'`57'`S#FUQ@\1`TL
M4T4<C:"000=5%R:?S1_QR>]EH'CMI@]-I_:'UUY/36:5>5K:O\CM.'E,(13M
M)NJ.F:W_`'D,AJ_LA17M8&RR&KQWJ6#];C[0[=/E)UMTYT[F99NIHGB=[`R*
MXIS-B!KS\S`.8%^@,C>8@"G*T%[CJ;S4Z4ZBZBQ$,'3\S#!&XOD@KRNE(IR\
MKR>4\FI$9Y02:\Q(:T<JZ*B_/PO_`"N<QR?\6O8Y6O8Y/ZM>QR*BHOZHJ?"^
M>T;2[M;^WBN[*YCFM7BK7L<'-<.(<"05Y`NK6YLIY;6\MWQ7+#1S'M+7-/`@
MT(1YR5\%V%?QJ8),!Z5\1'D@^R;KJ.PZ09*Y&I(7'T&ZL-32$2*U$1WT9BQ!
MB8O]?MQ-\\:92]_J>5RV2K5MQ=2O:?H%Y\/U1A@]"]KX*P_I>$P^.I1T-K&U
MWU^0&3UO+CZ5.SSA+M%!?VUJG5V_X9MF,7[-F[H/*#OH^?AY5_2@]%HR"41Z
M?V`Q<ML8HG*U6M><K?E'/:B\W$R>#E[7YLK'Q^F@D'J$;AZ5\+UG/93<6.:[
MT>Z?VAZDT7F=+'5J2[@<>SJ,^(-:7^LTD[Q,OBLM4V&FVNJ,C1'2BYO*4@YM
MY</'8[ZYWPPNB%A1TT[XX6/D;UV2RV/Q,!N,A=-C9N!]YW8UHU<>X:;30+DV
MMG<WDGAVT1<[?P'>=@]*LQ]:/XH(-WJLAV_W6R-`\C(2%D\_]=_OU6F"#0QX
MTKC^YZ"NE-H-E.Z8*"6/*5\I><&F@;*87;N='&%I+J7K&YS4ICLVN@L@US=#
M1\C7$$B0@TY"6@^'JVH!)<0*9SC,+#8M#IB))ZAVH]EI%:%H/Q"I'-H:'2FM
M;X&M:QK6,:UC&-1K6M1&M:UJ?#6M:GPC6M1/A$3^GF%+NU]>$1X1'A$QWL5S
M.VZWRT_'4<=,1:+IL#HQ*_2FQ!YFT=CMSGM5)6Z-"<AO0SJ8N&G<DPDU04TI
M/B)KQ9',,'*A1;M_43K^AS7J1D[?J-`7F_7_`/Q>OW%,;'IW%[@:'`7&+UVF
MK;[+&884#0+7V\M?1"R57V*J"64O[[YG,'9%:[4\W%N*;WD.VG@K;3,+R(K-
MVXR4RMA9J0KM^]U.AIH!1*C*4=`%2H!I)S9(A9H!0K*P-&'$D$_"D%JA-5*_
MPHCPB/"+_]7OX\(CPBUPMQ4&GV=4%:5Q=I2.#;<UHIPQ!]0ZP'_+KVV8<4KR
M`''"?ZL*2M9]V/\`N;\I^OA%F1SPS+*D,T4JP2K!,D<C'K#,UK7NAE1JK]N5
MK'M56K\*B*B_\?"+[<YK&N>]S6,8U7.<Y4:UK6I\N<YR_"-:U$^55?Z>$37_
M`.97&S=^+S2$5]0[]">D7`T\V98C)OB6')5K902MP5+"W^PR&:"FC25)&EE2
M0RA.*I29G%U&8>2=%(=<Z&RBBBN=9?D,L=)<-ADFG9"08V$<>OJX2B9IH*T"
M$.J#DGD_&&A:]S5*)7>$1X1?+G-8USWN:QC&JYSG*C6M:U/ESG.7X1K6HGRJ
MK_3PBJ5]A_XJ_3OW\-T75^E\]EPNGU38(\;TSD1(.'WUG2P(4J;K6NBKK/+;
M>TV,A#)@W7]=:S"TPX2-46>4R!,BZ?ZMZCZ6F,V"RTMO4U+0>:-WUHW58X[J
MEI(W$+H<YTQ@.I(A#FL7%/04#B*2-^K(VCVC?0.`.\%45=V_]LCWVB6P+]=/
M87FO1Z]R$RB4G4Z:^YEI1(%;+]@.&VSL70,_HK%GPS_5ECHH)%5?EL2-3ZMS
M6?\`Y#9O\!=6N4PL,EVZ)[62Q.='RN+2&N=&X2!U'4)Y7,'`!:FNO(C#?CK:
MYQV7FCM6RM<^*1HDYFAP+FM>"PMJ*@5:_M)5L-)SGN/,,SG,B;ZG]MJJ')T-
M-FJTVAGX_O`'`4->!4PJ%7\\ZKIM.T2&)D:1_?K!9I&(KFQ(C)$9KRWZGQ38
MXXR)&!K0-6UV"GPDK:\F,NBYSJM))KM_M`7TRTW4IQ-6/P/V%(M!1`CI:]O)
MM#!.T>RF/'KI7R&-&$'B-(JR&,DEDCC18G*YS415\Y'_`.FQ'^.[]%W]B^?]
M,N_F#UA(WK7K1[7>P&3KLKD_7#086S"V6*UM)M>Q[_E67RP3<SJJTJ\@G%PN
MRZCT42:^RK;*M;]>=_M89]?PK?CYXLG5UE#+;RV\,CI(Y&NW-!`(YA6I/M-J
MW9O7U&(F>R5DDC0US"-YVC0^@T.W<G*Y]_$ST:ZF@,[AWNLRU8Y\;R<9P;-(
M7;HC&K]P:7KG2Q2X#02G/^EZ#8NK,C:SZHRF.>GV_P`Y'S&S-T',L88[9AWC
MVW_I.'+^H#VK\VW3=C%1T[G2N[?9;ZAK^LK'N3>F/K]P9%.XSCY.?:Z<`BLM
MND!V16EZ/I:\MP$DP6OU^\7666O!CGK(9!1[)2AZ^1KE#8/];T=@MS=7-Y,Z
MXNYWR3G:YQ)/K.[@-@W+OHXXX6".*,-C&X"@^1/>N<UHOS-6]#LS"5^IJ0:O
M/9BTJ4:[[R_4HN8K<1:K,QSV(U?SOH^EGPYCE57>?!?M"Q=*#^9D/PVB_P"9
MK:U:F_QG]?O*R5;I+K>?'V_]-JQ_@?W_`-SOK;^C?"*(/6J_VQFWVQL<!9.%
MR4>Q])R!,O&'=FOM*X/N%43W@3*[2#44@F>H?\%25E[)/GSGEUB/18D^KZ$*
MZ)J++IOO^EGG-$)A0EK8\;HZ[05$^.N*FK%T=AI/5*306T]-5MZ!KCS>;"W?
M2P\Z\+\N"]$IVD1#6WR)+;171;+E?4O=#/\`5+FP['SPMW,;PC.:G0#T6>TU
MT5G8@O4SGUGN(\*CC3@`,V%V6C(@AJ99X[5;*R-B%@NWRS%5-4T2[[QE?8NP
M[M;ZKGIFJAPF>S?I_)7CUNOWE>).1%[&=.G]@?\`'\71W(^)U5\O('5B&QW8
M),<D'XK&JU/E6D%*)M`>O_R&6E;G(KGD^5HK"\L2Z3109G/:RSL,Q<V(&##-
M'JS]*-09XZDP!MQ?F-MR9H*JU'K8W`'6L\,5;>16@7IA>U>\M=9XH/5\HL[S
M&!9/G,F\O2<#9";MAXIG%ZK7$P4X%BRJM+/3@:G3VB1USBY1&UD4<X5;/`2-
M-5-$9;L?\@D@_'3M1RBI:5I-3S`;I%&S"604&>R=C)Z_C=/.'M0M5>RQ7.<!
MV6ZL(H2X@1Y_V$2$:<DF"4&VBM!KJDP#TK^1MM;E='?YBK$N!N:F)?4P_,K^
M/*$ZV\S'I)L""+*KS9G1-O!:9F[V74\_6_@0FQ?_`'(BDC$/8Z=U4T3Y_P"^
MON1__4_9?_9N)?\`^N_"4'%?_];ON+-"`B;,<6*%"^:`9DI9$0T3B"I60#0-
MDF>QCIB)Y&LC:B_4][D1$55\(LKPBKW(]2^NU>XW/3\OV-\FKZEJ<=K]]3V\
MCZVAG7D?L3C>H<JQ^>M\[0"Z4*@;R`.]Q%S/826BE0'#31C(/!*#,5JD?PST
MH[1R</'CV7;G69PFFYOJ=G;UMSM8)+:^S%3Q1G0]%^`67(S36?7(>;6F=/CN
M)YT#IK;\P>5I+BQ28J2."L"O\0'J[&-^F-*MLV/"UL6)D;%%FCBU^I'GZ09C
M5GT_T,>K8@RWNK&+],KA7DQ0SQU?E+;PB/"(\(CPB0W3D1W-]]&JL1T^,TPT
M39%8C9)RJ8P<>%/N1S-<^>>5K&M^A_U.<B?2Y5^%(ESX1'A$>$2`N!-55:4K
M3T-;6:(&PIJ*HM*26P?2W0T5$?HCU.HRYX2ZBX--CT"Q,"+?5PM?"CG&HUZH
MPBR*GH&?L#A:8]3LMHS'.B'S>L$6EM#28HR)2AJ2:5\E/K'`Q#/?/+3E6`\;
M/I<LGTO8KB);^$1X1'A$>$1X1'A%!_I_1.XT'MUR6BH,_P!"-X=/4T]/L%SN
M#LKVC-T>TEVX8]Q>:8;-6%;0Y#)+4`S69"'MMAK!U:QH\%09;F^%12AXK5Z7
MN7;<<!W$*BP&]U^MI^X0U^/?:<@Z9;Y:GY)8U."@_P`DI'YF@JH>F"5UU9%L
M0&IM)+!'233R.:*$2L9*#1-"![2^Y84^X_<O6RXFE;S+5[#(U=9S?K=U&O0J
MOB-YO0<E:Z*S7-UD>;(W%"/0`MKX2KBUL;)('`URM;//%:#BMQ?^U'MNY+^X
MR?K_`&#LL-9V-9337G%>X)H/Q$[![>96GU!F8:^MU5C7E8?AV%EF!%K$+B=T
M(>W<]M<T<8FJ4"LEHB[`^DISK>O;4VIM57EV=4V=Q+:RP($AF-KVDOA'<0T,
ME[HT>L;%?]/S]+?GX0HMKX1'A%__U^U[N_(=#T#48K64V6YAT4?+8GK.0GYY
MU\TX#&%6/2&89H&R^\%B]Z^6VS]?DCJE84"A?-5Z(YC2HT5\4Y4*,?2O6GW-
MTT2!X_O57DV#C]E4L^BZ'U#*!Z<Z_P":]%J/7QE=DZ^GN(.44G#]C;T4!@5=
M96K=:&,^SLW2G"PBDDJ."P9^">YS.G]1JLOUJVH,C#@Z^/CW0[[K>]U8V9.N
M]I[4E$TQ_.KNFM*WH.C"H-)BX["SO"7S5D`HO[=,2HB1I%:C31;ZU]<_<<NS
MU%SG.]Q8N::B&J.;5#^F])WU3SU3*_V(#OYKINHS0XW5CF6&UQ1P5A>"/,A_
M:)A6+"P(68RJ5'!(#7^GON!M<-T/,V'>G#OUG.;/"T523VGK-W24D>HI?9:G
MUK;4U<C3%ZE"UW^)E#//&(LPFTY$4,L:""O+BM1P4S_7GG_:,$5TQG5M8#IZ
MF_U3[O"1KN-EO[ZEKC2[<DZJM+C3TN8K1*X&$@,:N$KJV!L,`[E(E)F>LSJH
M:)VM[T.FY\+0.L0[FYM]?HX<AC<SG06'7FIT\]1<Z%*FN0H@"I"^Q09T\X@H
M\L,`40.66>>-C?GPHDZ_O?'P*]ANIZ#EN?%,SH^KL\_TJZK>?:K.T)!48#;'
M2YO6%55O1!ML96C_`'R(F0/E<U&/>CV*XE%K;3V7]>ZB.K>5VCFI#[NRQ%74
MBT^OI=!8V!'1]9EL/BYQ:RA+LK&6KN]/M:H=IR1?A0,-CFFEC@^J5I6AX+'F
M[7P+>94.ZHN\<DL<S^[4-Y!IJ3HV)MZ0AF7.Q.YEBCM!KN:N?#/47E1+*]LB
MK$);BS_\I$"O)0\%@@>U_KI:6MO6@]CYY*/GW'Q7=_/L<W7YL$D&DY-I4A@N
M;.T"&NQRZ/MV<GC,KOS*]CSVCRD1%?3`XE$YN9Z?S7:7-[G,=T/#:S0Y9[8]
M-0YG6T%]<YV1[UC9'>U=78%'5#W2-5J(0R-5<GQ_7PHM'Q7LF)[[SFBZISN>
MP+R&C?9LJ3+$%P4A;:JS+JB)X/IDG%*%>2&_Z9(996?**QRME9)&PFQ.KX1:
M^TJ:J\`GJ[JLK[BL*^U^376@8U@`1]B:,B'[XA<<P\WV2(62-^IJ_2]J.3]4
M1?")#?X-:T3?JP6LL*.)C/IBSFD83L\@BK)\N=`,?8":FH9"*B0BC5]N+6"M
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MT`A`T5OV6O)0*P;";"MWV2I==41'15]R/+(.RQ0!25_&*G!FD:34%V%)9B2S
MBN>.=7DE5IX[F$!SSC2Q2O*)7>$1X1'A%__0[^/"(\(JY^,<R]BLEQS:8OJ-
M=O\`?Z4W_;JU*O5Z@$'?Z_640N%;U9:8R+HZ#5N#U=L,;/1U;R*$BVKHC`;D
MBM<3`5(5-%YY/COLO@*O$ZFNM=%M-;!F<U!K\AM.@.LL]):TU2#G<^,*&_2L
M2=@<>>BL;ET]R6M78VI)@,^B>R0(HFBL<\*(\(D!O^=U?08<R\JTO,]=XK3,
MV&.T^;(KXKG.:+]@T&3(/%@N:V[H+!AN7U=D!-`>"6,^`QZ_;25L<C"*%4O(
MO5[57FDR]EMNNF-YQT>FV&XM-2/LX<=!W/(8S+9]_0;_`*YJL1'GCMB?SPD*
MJ($AO5HW#DN2`"(UJ2Q1?K5>Z>N'JCE[H?0Q=6.`)N;3$=!#K:K98M%T!PW:
M\'UC%ZDL6DSB7FXKDVV%!%KY+&2Q!"KYC&"(.XB>?RJ5*\LUZD^KT8^")R/8
M+R2JK%Q6=YXRJZ!SVUKI^B<OR?$J'+ZNH(DS9\E_OZ>@];,K++7OE*IY/VR:
M26L<TDM)25*RK?@_K#1[G(=:)[C<U71QM??U.&V`^YP9MLG2-5C.&>N^S(JZ
MF7+V5/;:,W.\JIZRS@F!)$K)K0Z=8!7N@D$)JE1@.`^J6)SPM!B-R,-F-IC>
MC\9S(==U,%$+H]M=T[-)0XV^KS8=!+?T=B$*&+.,;)8!2.:CGN(5K_"5)3Z\
M0X1DN!T^II,=87)@6PUYVZMXK0;*5XL>DM*ZKK;4NHI\;E\EGZ,6RCIX9911
M`X1OR5DE;&U\LJO(35/7X44>.O>PE9R#:YC)6F5T=Y!IN5=FZ3%8YFDUNH,#
M)Y);<EK(Z,J@QV2U%A!7Z%G4'2/MIE@%KW@MC>V5Q3/ME0*IN<?[R<=TM'S6
MSL&WM*9U&LM",O!&"^TK+BTQPR0=4K*.UC:).=#R[5?%+9$$B`I*=)&H[)8G
MJ]A*+5R_R%^MH]23;%WUP"L1%0P2FL`ZL#3V@EMGM;JFV0>8,NH;V`=E!A+8
MD:$N`8V[C&@6G@L?W&J_.)0I,Y7W`X29<[;06F,TF-W63VG4ZRQ#SP\Q4NXQ
M7/M_[!\\FZD6M/-3"ZND9G_6?2VBBVH\MC7/%06OB,(*KGV!*)6<O]U\YU??
M46$S>,LIT.['W_CM]J1KB`O,4%UQ$W8RA1L,_;AR;2[V.0HZJ[_#2&$<$.]C
M:TLM\$B*2BQ,=[JA$+S!_3\,-AQ^UY:^U?,Y,KJK/H<A(N4*9'H0=@PC"XJ+
M*6$(=@%,&D<EA$<LA+&/;^(YTA*+[L?Y`.&A9N@U#8M-'6;"_?E,>5;04=)#
MH-"Z\QV2%#$%+O77\\,^QZ#3USE&`)G8I4I/V7!AFD#JIRE)*J_D;Y:I&,$U
MV:N,/8:SGU3J74E[<T0=R/J+W.9#<TV/`DM2*C+FCVO/M3)<PV!5I7JV,&42
M8:&Q1X<1**4'(O87FW;[#5UN#-L9R,C%1EGPW->M#9S5>D=<1TMNN9LYH-=2
M`V4M`7^,EO7ULY8[(RQXY0B!29B4HGP\*(\(CPB/"(\(O__1[^/"(\(CPB/"
M(\(CPB/"*&]QZ9XJ[T75;DRU$6#KNPJ]GHW)AL8_4QE59F".920;:6L?>3Y@
MB;GPJ2!3_=8K99$^4_L5I6NQ1@V_IKA.>[BENMSV&BPW&$WEMT,4W2Z*D$UM
MITLT*L,GJ`VW&4B&JLG59C'/+):+;?ABU];.7*!&_P#,LDBH/9JLN7T\]4.7
M6F,REQWR^SEM@P><2299^YIZ,RZH<1B?6;$9BK+S=9$(QUE?%>J="<+]D9;"
M8R<R0!K"(*\BN)4\$K,9_'YPVPSM/%G.L;?7`40]"!7Z%+O/:.26H!O?4'HF
M9%;>.K3)+`=]'ZJ9.)LJ3R1/!L)VCI`,RO'"JE2L@OT$;G]GAC^=:A@^7%U_
M"=#M6:*<)Q@U?Z\IZZMR%3CZ07'&!C_OT/KV.A\HQ])*DUG+)*\T>`8*(E59
M1X41X1)^RRN;N+0:[M*.L/N`\_HLJ)9%"13&#YO7$4!>GHX9WM61E9?%9:MD
M*B1?HF>%"KD7[;?@B;0OUNX`?7E51O&N;%5QL-8.2'/D*62&2"G@06OB1KA%
M^VR$9/MN1OQ]V-7-?]37.1257B[UF]?'@%5;N-<Z6M-_"0FO7+5?X<D0(EZ!
M$,@WX_V8PIP]5;1DP-1L);+8Y)VR?F$_=*U/%,EWH[UBXZ;GZ38<4SVG/Z.[
M4:8L4/,Y)`!<]D-+=7VXV&KM=,;44E70A:'V'ME.E)GC&F_RRP0QS`BCY$(*
M\4C-CUCUDX_WDFI!XF)-V*LOK>OIK;.5&4AU=CJNCY^TZYLK\6F2RCVG^$%T
MEU9'WVP97S53"1SQ'SR%C*.I`"4Z/+^=^K'5<I?"4W&\-`"1)G4T>-T]%GI]
M52I&$7<T]3J<XXFTL\?^U6&AMX(*Z988564R4=KQBUEG)JG2*]:O7TT*GKC.
M,\W+!STTI-$,3D::>*H(ENJ72+/7I**[\6:/1YROL(W,^'1'@CD,5LT,;VE*
MGBO*O]9?7RJJ!J&LXYS^OJ@Q(0!!0LY7C*,&,VFB$''(AB85%$$'G*\6!&O3
M[`0(XT?TCPQQM*U/%+;'\LYMSTNS.PF%RN/)N!PQ+!^:HZ^FCF"KYSRPP60`
M00#C`P'6I9*01-9$I1<\ZM66:5[BB7OA$>$1X1'A$>$7_]+OX\(CPB/"(\(C
MPB/"(\(CPBC3['^N0GL#6YV-FJ(QE_F8M:'4:,>N*M2Z4?:9^2BL+S.0C7N?
M_9N@9R>,6RSUTLDZT]F(R9!YD56>%0:),6GJ;57?6+;J%OH*PM-/9Q:;7T/^
M+GHW1Z4'FM;S.G!)L9=C.@_.JF#/5%_#3,'_`#8M74BV<-E$^-(D)5.7QSC1
M/("-.,-M[;096U&RP^;RI@<=?68]]*$?'>$5(();<^!_E%F>L\@]97504+(8
MF_9DE^Z1*0E/EX41X1'A$>$1X1'A$W?0>48#J@H@6\S[;P4.*Q$;$VSN*K\N
MIN8QX;[.6[Z2PK9+S):.$2%EG3FK/5V388T)'E2-GTD7Y%RC#PZ5NO0"VFT$
M84H<)Q>MUYT8\DU9^R2W`P!E[/7#:E])\@_O$<+;5`E6#\C[2JQ2+WQ_+\%@
M+&]M,;FQ,^7HQ,Z!:M!F-0)X.4#)!H`@:R4J6LIQ`(3IW?;#A@9+//+-(CYI
M'O<1+[PB/"(\(CPB/"(\(CPB/"+_T^_CPB/"(\(CPB/"(\(CPB/"(\(CPB/"
E(\(CPB/"(\(CPB/"(\(CPB/"(\(CPB/"(\(CPB/"(\(CPB__V3\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>g864417logo_01kor.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g864417logo_01kor.jpg
M_]C_X``02D9)1@`!`@$`8`!@``#_[0A\4&AO=&]S:&]P(#,N,``X0DE-`^T`
M`````!``8`````$``0!@`````0`!.$))300-```````$````'CA"24T$&0``
M````!````!XX0DE-`_,```````D```````````$`.$))300*```````!```X
M0DE-)Q````````H``0`````````".$))30/U``````!(`"]F9@`!`&QF9@`&
M```````!`"]F9@`!`*&9F@`&```````!`#(````!`%H````&```````!`#4`
M```!`"T````&```````!.$))30/X``````!P``#_____________________
M________`^@`````_____________________________P/H`````/______
M______________________\#Z`````#_____________________________
M`^@``#A"24T$"```````$`````$```)````"0``````X0DE-!!X```````0`
M````.$))300:``````!U````!@``````````````0````<$````*`&P`;P!G
M`&\`7P`P`#$`:P!O`'(````!``````````````````````````$`````````
M`````<$```!``````````````````````````````````````````````#A"
M24T$$0```````0$`.$))3004```````$`````CA"24T$#``````%V`````$`
M``!P````$````5```!4````%O``8``'_V/_@`!!*1DE&``$"`0!(`$@``/_N
M``Y!9&]B90!D@`````'_VP"$``P("`@)"`P)"0P1"PH+$14/#`P/%1@3$Q43
M$Q@1#`P,#`P,$0P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P!#0L+#0X-
M$`X.$!0.#@X4%`X.#@X4$0P,#`P,$1$,#`P,#`P1#`P,#`P,#`P,#`P,#`P,
M#`P,#`P,#`P,#`P,#/_``!$(`!``<`,!(@`"$0$#$0'_W0`$``?_Q`$_```!
M!0$!`0$!`0`````````#``$"!`4&!P@)"@L!``$%`0$!`0$!``````````$`
M`@,$!08'"`D*"Q```00!`P($`@4'!@@%`PPS`0`"$0,$(1(Q!4%181,B<8$R
M!A21H;%"(R054L%B,S1R@M%#!R624_#A\6-S-1:BLH,F1)-49$7"HW0V%])5
MXF7RLX3#TW7C\T8GE*2%M)7$U.3TI;7%U>7U5F9VAI:FML;6YO8W1U=G=X>7
MI[?'U^?W$0`"`@$"!`0#!`4&!P<&!34!``(1`R$Q$@1!46%Q(A,%,H&1%*&Q
M0B/!4M'P,R1BX7*"DD-3%6-S-/$E!A:BLH,')C7"TD235*,79$55-G1EXO*S
MA,/3=>/S1I2DA;25Q-3D]*6UQ=7E]59F=H:6IK;&UN;V)S='5V=WAY>GM\?_
MV@`,`P$``A$#$0`_`.R^M+NH]2MK^KG2K/0OR&>OG9)+@*L8.V-;N9M<ZS,M
M:^MC&/\`YJG(6;]5[:.@=4LZ$_J]6=18[96S:^OT<D#<_&K>[U<7]*WZ>,S)
M]>N[_M-^EN61T[K.0_JN6[J.;=T3J9L>QV2:Q;4:G.WLP<BJ]KV5/PG?T'+_
M`)OT;'_3_/L?6;K'1<;ZNU]`Z)8_*>'L>[*;N>6.98,MV2<G;MLS,C)]WZ'\
M^RS^;_1JV,<@!BJQ+>A_XYQM<SC9R7J/Y</"^B+//6\$7.I(N]1C?4<WT;-&
M%[J6V_0_FW65O_L?I?YKWHG2+\S(Z5B7YU9IR[*6.OK(@AY:-\L_,]W^#_P:
M'9TVUW4[\YMK0+L08H86F0YKK+1;OW?1_3?S>W_KBK``$B73LS$F@0VZ,FC(
MQZ\BITU6M:YA.FCP',EKO<USM[?:AY/4,7$NJIR'['7AY8X@[`*V^K:ZRW^;
MJ:ROW?I7+$;]4GLI;2+J7U;*J[*7U.]-X;1]@N=8RNYGZ1[?=6[?]#]!_P`+
M7>ZMT%O5'8;;;2RK$+G'9+;-Y;LINHN:[]#;CV?IF^VU.X87\UC7I]B+G7RZ
MNCCY%=]3+6AS!8-S66--;X_E56!MC/[;5/>PF-PDR(G73E8M7U?S'/%N=ELR
MKC91<^X5>F[?C@L#:OTEGHU93/Z15]#]+F[/Z9^@'B?5<XIQ`RRES,:BFL@U
M$$78XL#,VC9:UK;+O6_3-M];_C$.&&OJ_!7%+]W\7;OR*J,>S)L/Z*EKGV%O
MN@,DV>UON=MVH>+GT930ZL/:US&V-<]CF!S7:M<TV!O]IGTV*AA=#R,;I^;A
MNOK<[-8T!S*RQK'#'JP';:O4=^B_5V6LJ9Z>S^:4+/JTS['B4T/KJNQ]HM?L
M);9&/=TV?3]1NS]'D^I]/_@_^$2J&OJ^JKEV=J1(;.IU`[P/]Z%1ET7V75U.
MW.QGBNW0P'%C+Q#OS_T=U?T%A'ZHDUEOVAK'F!Z[*]M@`PG](]KO4=^=9]I9
M_P!M?\,M#`Z?G8=SGM?0695PLR6,K<P-:W'KQ6MQOTC_`/#8]3_?_@?T:1C"
MM)7IVI(,NL:;=6?C6WY-#''?AEHOW`AK2YHN;[W>Q_Z)V_V(^YN[;(W1,=X\
M5CV]`=;U&S,LLK?6_*KRO1=7N_F\=^!Z>XNV^[?ZWJ;/9_-_RU#IO0,KI[&-
M;=1<:JJQ39;22]EM6.S`W5N]7V8]C:_5=2W])^ER*_7_`$J1C#I+H.GZ750,
MNHZ_@__9.$))300A``````!5`````0$````/`$$`9`!O`&(`90`@`%``:`!O
M`'0`;P!S`&@`;P!P````$P!!`&0`;P!B`&4`(`!0`&@`;P!T`&\`<P!H`&\`
M<``@`#8`+@`P`````0`X0DE-!`8```````<`"``!``$!`/_N``Y!9&]B90!D
M0`````'_VP"$``$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$"`@("`@("`@("`@,#`P,#`P,#`P,!`0$!`0$!`0$!`0("`0("
M`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#
M`P,#`__``!$(`$`!P0,!$0`"$0$#$0'_W0`$`#G_Q`"]``$``@,!`0$!`0``
M````````!PD&"`H%!`L#`@$!``(#`0$!`0````````````0'!08(`P(!"1``
M``<``@$$``,'`04&!P```0(#!`4&!P`($1(3%`DA%0HQ(M46%U>7(T%1,D*W
M)+5W.'@Y5G:6UAD:.A$``@$#`P,!!00%!PD'!0```0(#$00%`!(&(3$'$T%1
M82(R<9,4%8%"TB-5H5)B<J*S")$S@W1U%C87-_#1@I)3<R2QLD/35/_:``P#
M`0`"$0,1`#\`[^.--.--?)(2#")8/965>M(R,C&CF0D9&0<HLV$>P9HG<O'K
MUXY.FW:M&K=,RBBBABD3(43&$``1Y]QQO*Z11(6D8@``5))Z``#J23T`'?7R
M[I&CR2.%C4$DDT``ZDDGH`!W.N$C[.ONNVGLM?K)FG6N\6C)>M\`^>0S"2J4
M@_K-UUP&C@Z"MHL,XR,RGHBKRI4Q%C#)*(`9H<#/RJ*G!%OVGXY\/XCCUC;Y
M'D-G'=<@=0Q#@/'!45V*IJK.OZTA!^;Z*`5;D/GWE7*YZ\GL,%=R6V#0E04)
M1YJ'ZV848(?U4!'3ZZDT6DNJ:;H]#LZ5UI%_NE/N**Y'25KK%HFX&QD<)CY(
ML$U%OFLC[A1_V^YYY<-UCL?>VQL[RQAEM"*;'162G]4@C^354VU_?6=P+JTO
M)8KH&N]'96K_`%@0?Y==B7TK_<1:^QEB9]3^T\VA*ZVK&O'62ZBLW:L'&C(0
MS59_)TZW)M"MVAKHQB$%'+)ZFBF62:M5BN!^80AWG*'E[Q1:X"W?D_&H2N+#
M`3PU)$18T$B5J?3+$!E).QB"OR$A.F_%?DVYSDZ\<Y#*&R6TF&6@!EVBI1Z=
M-X7JK`#<`=WS`%NF3G.^KYTXTTXTTXTTXTTXTTXTTXTTXTTXTTXTTXTTXTTX
MTTXTTXTTXTTXTTXTTXTTXTTXTTXTTXTTXTTXTTXTTXTTXTTXTTXTTXTTXTTX
MTTXTTXTTXTTXTTXTTXTTXTTXTTXTTXTTXTTXTTXTTXTTXTTXTTXTU__0[^.-
M-.--<Z/Z@[OB.'X>QZG9W.&::AV`BEG%[7CW14W]8Q0'"\?)-ERD_P!9!32Y
M%LM&$_Y5(UM($'P)R#R_/!7"?SG,OR>_AKC;%@(P1T>XH"#_`*$$/\',9]AU
M2/FCF'Y3B4XY934R%ZO[RAZI!6A'^E(*?%0X]HUP_P#.R-<G:<::RNBW>U9I
M=*GHE&FG=<N='L4/:ZM/,#%*\B)^`?H2<5((>LITSG;/&Q#>DY3$.`>DP"41
M`8M[9VV1L[JPO81):31LCJ>S*P(8'[0=2+.[N+"ZMKVTE*74+JZ,.ZLIJ#^@
MC7Z7_0SMQ5N[G6#.=ZKWQ&4O,,1@M%K358JHT[3(%)NWMU>.7W55DVGR52/8
M\5A*LO$O6JYRE%7TA_/'FW%KGAW(\AA)ZF)&W1.?_P`D+5*-]M/E:G0.K`5I
MKO#A_)+?E>`L<Q#02L-LJC]25>CK]E?F6O4HRD]];B<U/6SZ<::<::<::<::
M<::<::<::<::<::<::<::<::<::<::<::<::<::<::<::<::<::<::<::<::
M<::<::<::<::<::<::<::<::<::<::<::<::<::<::<::<::<::<::<::<::
M<::<::<::<::<::__]'OXXTU&&U:_1L`R;0=HTJ5)#4?-JO)VJP/1%,5SMHY
M$3(1L<BHHD#V9F7IDF;%L4WN.GBZ2)/)SE`<EA\5>YS*6.(Q\6^]N)`BCXGN
M3[E459CV"@D]!K'Y7)VF&QM[E;^3;:01EV/P'L'O9C15'M8@#J=?G32;7LO]
MN/>&TR=0KYYW3-AL3J82CUGC@*GEN=Q)FD7&?G<T#57\HI-!K_Q&JCKV3+.E
MO2":2SUT1)7OB-N.^+>&VT=U/LQUI&%K0;YI6J3M6OS22MN8+6BBM2$4D<22
M+GO)/++B2VAWW]TY:E3LBB%`-S4^6.-:`FE2>P+L`>M;J!]!?37`H*)E=K@2
M=F=5]E!Q+2UW*Z;YO&/Q(;Y#&LYRU=$BW\67U`45)T9594Q/=(#8#^R3EWE7
MF_EN<GEBP\_Y=C*D*L=#*1["\I%0WPCV`=CNI4]'\9\.<7PT,<F5A_'Y&E29
M*B('VA8@:$?&3>3W&VM!:W']6NL<1#_R]%=<\(C(#V?C_D<?D.?LH?X_LD;^
MQ^6-J\FR]GV$RD]/H]/H*`>/``'*RDY+R.67UY<_>M/6NXSREJ]^Y:O?KJQ$
MX]@(XO0CP=FL-*;1#&%I]@6FM+NP_P!-?U\=B(Z0*_P>O9/:':"A&=VPQ%MF
M,K&N5`$3/OY?@VH4&9='4_>.:1AWACCY'R!A$W-NP/EKG>!DCV9N2ZM@>L=S
M692/=N8^JH_J2+K5LWXOX7FT??ATMK@CI);TB(/OVJ/38_UD;5>_2;JCV.^H
M/M<VS]\^DMSZ4=JIZ&I".@5F%>ED\MUM=RLSS64T"H-E996NH3:KD\(]DVQS
MQ3DKIJNX<-S-4V@[WS#D_'_*O&&OD1;+F&,1I/2=A2:`"LHBD.W<5IZBH?G&
MUE56#%M:7Q3CN<\:<B6R=VN^*Y%UC]1%-8IB:1&1!7;NKZ;,/D-5+,I4+KI0
MYSWJ]=.--.--.--.--89:-'SRD+M6MTOE,J#I\B=PR;6BT0<`N\03/[:B[5&
M5?-%'")%/W1,0!*!OP$?/)=MC[^\5FL[*:55-"41F`/QV@TU%N+ZRM"JW5Y%
M$Q%0'=5K]E2*ZQ?^OV$?WKR3_(]._C/)/Y'FOX/=?=2?LZC_`)SB/XK;?>I^
MUI_7["/[UY)_D>G?QGC\CS7\'NONI/V=/SG$?Q6V^]3]K65P^AT"PP\C88"\
MT^<@(<YTY:<A[-"R</%J)HIN%"2,FR>KLF1TT%2G,"IRB!#`(_@(#R-+87T$
ML<$]E*D[_2K(P8^SH"*GKTZ:D17MG-$\T-W$\*]V5E*C[2#0?IU\M`U#-M7B
MY&=R^_4W1H.)FW=;DINC62'M4,TL$>W9.Y"&5E8-V^8?F3!"01%=$%!.B*@%
M.`&\@'U?8W(8R6.')6,UO,R!PLB,C%22`VU@#0D&AIUITU\V60L<C&\V/O(I
MX5<J6C974,`"5JI(J*BHKTKUUG7(6IFG&FG&FG&FO.EIB)@(UY,SLI'0L1'H
MBX?RLL];1L:Q0`0**[Q\\51:MD0,8`]1S%+Y']O/2**6>1(8(V>5C0*H))/P
M`ZG7Q)+'#&TLTBI$HJ22``/B3T&HU_K]A']Z\D_R/3OXSS(?D>:_@]U]U)^S
MJ!^<XC^*VWWJ?M:RMOH=`=UIS=&MYI[FG,SF3=VQO9H5:M-5"+)-CD<SJ;TT
M6@<CA8B8@94!`YRE_:(!R,UA?+<+9M92B[/9"C;S[>BTW=NO;4E;VS:!KI;N
M(VH[N&7:/9U:M._QUBG]?L(_O7DG^1Z=_&>2?R/-?P>Z^ZD_9U&_.<1_%;;[
MU/VM2;&2D9-1[*7AI%C+14BV2>1\G&.V[^/?M%R@=!TR>M5%6SILL00$AR&,
M4P#Y`>8Z2.2&1XIHV6530@@@@CV$'J#\#J?')'*BR1.&C85!!!!'O!'0C7W<
M^-?>G&FG&FG&FG&FG&FG&FG&FG&FH[G=?R:KRKJ"LVH9W79MC['S8:=NU:B)
M5G\ELB\;?*CY"3;NV_R&CA-4GK('K3.4P>2F`1GPXK*7,2S6^-N)(6K1EC=E
M-#0T(!!H00?B*:A39/&V\C0W&0@24=U:15(J*BH)!%0:_9KR/Z_81_>O)/\`
M(]._C//7\CS7\'NONI/V=>7YSB/XK;?>I^UI_7["/[UY)_D>G?QGC\CS7\'N
MONI/V=/SG$?Q6V^]3]K4JMW"#M!!TU71<M7**;ALY;J$60<(+$*HBN@LF8R:
MJ*J9@,4Q1$IBB`@/CF,965BK`A@:$'N#K(JP8!E(*D5!'MU_;GYK]TXTTXTT
MXTTXTTXTU'-=V#)[?<)W/:GIE"M%[JT>C*V>G5RVP,W9:W'.7(LVSR?A8Q^Z
MD(9!RZ`4TA<II>X8H@7SZ1\9"XQ64M+2"_NL=/%92MM21T94<@5(5B`&('4T
M)IJ#!D\=<W4UE;7\,EY&M7175F4$T!9025J>U:5U(W,?J=IQIK';-;ZE2F",
MK<K17:E&.':<>A(V:;C8%@N_51<.4F2+R5<M6ZCM1NU54*F!A.)$SF`/!1$)
M%O:75XYBM+:260"I"*6-.@K1032I`K\1KPN+FVM4$EU<)'&32KL%%>]*D@5H
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MH[BVQ]-[)OI&RR<RLEZI"-S^OS,E`4JKM53D+[$<X_+W$RI[?XKJ21`4,<$$
M03U'SIR:XR_+I<*LA_+L>H0+[#*RAI'/Q%1&*]@AI3<:[5X9X[!BN+1Y=HQ^
M/OR6+>T1JQ6-!\#0N?>6%:T%+X^4GJW]5!?;1]HL-]>N>P4!3(N(N/8G3FC]
M>B5N8.N>"JM?9G,T>:!;VS-5!V[CDI'_`+-'L2K-C2+DBWA4J;5?EJ^+_&TW
M.[^:>[D>+`VQ`D=:;G8]1$A-0#3JS4.P4Z58:K3R/Y`BX790PVL:RYNX!]-6
M^E%'0R.!U(KT5:C<:]:*=<?;-3[0OM(M-AEHM;>NQ/Q7"Z4P#*05@LEJJ[UH
M(FA4&YW=:R:G+/F"@B5@D#55RD)C>VIY,(]6./&_C:V@BD%C85`VU&Z=P#]1
M-'GDH?UC4`^T=-<S*>?^0;B:2,WE]0_-0[84J/I`JL*5'ZHH2/8=?(>8^S+Z
MN;Q6G4J[W7KR\<G0=0\9+R#R4RVY(QJ229HM>/!Y.9C=46#7T$6:#\E1F0Q!
M$J0BF;GT(O'?DFRN%B6ROT%0Q4`31U]H-%FCJ:T;H&Z]^NODR\\\?7<#2-=V
M3GJH))B>GLI5HI*#N.I7IVZ:[5?JS^Q*"^PO"'5J?QL;5MESI['UO7Z;%JN#
MQJ$@_:JKPEPKI71UG2-6N*;)R9N@LJJNS<M7#8ZBI4B.%N0?)7`I^!YM;9)&
MEQ%P"\$AI4@&C1O3IOCJ*D`!@RL`*E1U3X]YM#S7#M<.BQY2`A9D':I'RNM>
MNQZ&@))4AEJ:`FS?E=:WW3C33C33C352':/ZZ8/N-W]R;4=VJ);=UIR7KG)Q
MR$&YGTFD=9]DDM"D5F<)*1$9+-+*,/'5AV$@X4`B31RN@U0,HJ0%T>6EQOGT
MW$^#Y3&X6Z]+D5UD`2P6I2`1"K!BI3<7&T#JP!9@`=IU6W(.$0\GYECLAE[;
MU<#;6)`4M0/.9#12`0VT(=Q/0$A14BHU5[]__3[JUU]Z:YG<,0P+*\KM4CV8
MIE7?V&D4^)@9A[77>5[-*.H9T_8MTW*\>XD85HN=,QA`RK=,P_B4!Y8_@WE?
M)<[RW(VF9SES<VRXZ1PLDC,H836X#`$T!`9A7W$ZT#S+QGC^%XO87.)PUO;W
M#7Z(6C158J89R5)`J02H-/>!K=SZW_KYZ2:[T!ZTV[2>K^.6VVW++6CRSVN2
MIT<%GF'J\A))*/G%A:D;S!7QDTR@"Q%B*AX#P8.:=Y`YUS'%<YY#:X_DEW%:
MPW)"()#L44'0*:K3X4IK;.#<+XIDN&X&YON/VLES+;@NY0;V-3U+"C5^-:Z@
MRS?6!GW7KIU]J]&MV70\UD=89;!V#ZB6:<E6<]8*Z*?7MK/B2.=%E7=CBEZ'
M;ZDWB@5D2).I)!E[BAW":PG-FK?R/?9[EGC.]M<DZ960P6M\BJ55_P#Y17J-
MH1A(CEZ)4(6H`I%!B)^`66%XQY$M+G'J^-C$US9NQ#,O_P`8-T-2P]-T"5:A
M8+4E@:ZS#]/?<Z?0?K>L-EO5KK5*KC3L7H:;N?ML[%UR$:J+UK/"(D<2LPZ9
ML43K&_`H&4`3#^SD7SM:7=]Y`M[>RM9)K@X^*BHI=C\\O95!/\FI/A>ZM;/@
MT\]Y<QQ0"^DJSL%4?)%W+$#5Z^=ZWE6O1:\YDVFY]J$*V.@FYF,[N=<NL6W4
M<IF6;$7D*U)2;1([A(HF(!C@)R@(AY#E+7^+R>*D6'*8Z>VF/998WC)IWH'`
M/35NV62QV3C,V.OX;B(=VC=7'7MU4D==9C*RT7!1KZ9FY*/AH>+:K/I.5E7C
M>/C8YDW(*CAX^?.U$6K1J@F43'44,4A2AY$0#D.**2:1(88V>5C0*H)))[``
M=23[AJ5))'#&\LLBK$HJ22``!W))Z`?$ZB^B=AL!U*77K^9;CC^BSS7W_E0E
M$TREVZ7;?%(55S[\;7YN0>H_'3,!E/40/040$?`<R5[@<YC8EGR.&N[>`THT
MD,B*:]J%E`Z^S6/L\WALA*8;#+VL\P[K'*CL*=^BL3TU,',5K)Z\Z6AXF?C7
MD-.Q<=-1$@B+=_%2S)M)1KY`1`PH/&+Q)9JY1$Q0'TG*8OD/V<](I98)$F@D
M9)5-0RD@@_`CJ-?$D4<T;131J\3"A!`((^(/0ZXG^P_7'$6GZ@VD8XSS:IL\
MFM.EXQ89K-F4)',Z2[=R6<05FF69JVV;)10P\]/-3.GK,4Q;N3N%BG*)%!)S
ML#`Y_,MX*O,L^0E.4CM[A5E+$R`"5D4[R=VY5-%:M104ZBNN5,W@\2OFBTQ:
MV,8QTEQ`S1!0(R3$KL-H%-K,*LM*&I]AIKI([C=JL(ZB5"OX'2,CK>M[CKZG
MY1C'4:A5NOA_-\P\,H+&=ML"V:)Q%6S]E(QX*/))RCY$K=0R)3@@NHAS[Q/C
M.;Y5=3YR\RDEKAK3YKB^D=OW:CNJ,3N>4@T5`?:*D;@&O3D_(L1QJVAPUIC4
MN<M<_+!9QJOSL>S.H&U(P15F(]AI6A(U5^OWZ8LCQ;\QW7M51<TU3LCH,Q(7
M-_4DZK#+XOB;BPNUI=:HT"E"1S57KR&>.Q(60%L*#$$DT(PB*2(N'6S<Y\N9
M3+^GA>,WMQ;<?@01A][?B+@*-N^63HX#`?36K5)D))VKKO#/%N-Q6_+\BM(+
MC.S,7*;%,$!8[MD:=4)4GZJ46@$8`&YKL'+JHY]6#.'CBN4BF5F/3*==RM&5
MJL5^+;`1%(IE53,HJ*CT`$I2@(IIE_``\<I]5NKZYVHLDUW(W85=V8_Y68G]
M)U:K-;65ON9HX;6-?;144#_(`/Y-1S2>R/7;3)@U=SC>\6T"P%67;F@J3J5&
MM<P5=J`"Z0-&04Z_>@LV`P"H7T>HGG\0#D^\X_G\=%^(R&#O((*`[I(9$6A[
M=64#K[.NH-IG<)?R^A8YBUFFK],<L;MT[]%8GIJ:>8C65U'S[6\JBV%ME9+3
M<^CHN@K(M[U)/KG7&C"EKN//QT+:\<22;>N++^D?05X9$QO'X`/)Z8O)R/:Q
M1XZ=I)Q6,"-R9`.^P`5>G]&NH3Y+'1I<R27\*QPFDA+J`E>V\UHO_BIKW*A<
MZ?H-=CK?0;76KO4Y@BRD3:*A.Q=EKLHFW<*M%SQTU#.GL:](@Z0.D<4E3`50
MABCX$!#GA=V=W87$EK?6LD-TGU)(I1Q45%58`BH->H[:]K:ZMKV!+FSN8Y;9
MNSHP93[.C*2#UZ=#J-&_9OK:[MJ=!:=A,/<WI5T1BE2V^L4):VJ/5'!FB;-.
MN)SYI@[H[H@I@F"/K%0!*`>?PYD6X[R!;4WS8*\%D!7U#!)LI2M=^W;2G6M>
MVH"Y_!-<BS7-6ANZTV":/?7M3;NW5KTI34X<PVLMJ'+YV*Z^Y9+)P.G;KCF<
M3BQV::,-?-.I-0EE5)#V_@$3CK!-QSPYWWNE]D`((J^H/3Y\AS+66`SN3B,^
M-PMW<0BOS1PR2+T[]54CI[?=K%WF;PN.D$.0R]K!,:?+)+&AZ]NC,#U]GOU(
M];L]:N<(PLM/L,':ZY*H_(B[!6Y9A.PDDAZA)[S"5BW#I@\1]91#U)J&#R'C
MSS'W%M<6DSV]W;O%<*:%74JP/Q4@$?I&IT%Q!=1)/;3I)`PJ&4AE/V$$@_HU
M[G/'7MJB#]0)D.62?0;2-4>YY35M,K=URUQ"Z"%>C$KFR-)VZO5211"RHMDY
M=PR>UY;XJC=58Z!TTD1$GJ01,G=?@S*Y./G&/QB7\PQTD,P:+<?3-$9Q\E=H
M(;J"`#4GK\QK4/F;&8^3AU_D7LHC?QRQ%9-HWBKJA^:FZA7H033H.G04ACZ4
M>C'3W8?K_P`WTG5^N.3Z/?+);M."9M-VJC"RR[I.&O,S!1;<CB6*Z^&T9Q<:
MBF1%`$DO)1.)14.<QLMY@YGRO$\YR&/QG(+JWLHXH=J1N44;HU8FBTJ2234U
M/L[`#6*\5<1XSD^&6-]D<';3WDDDNYY$#D[9&4"K5H``!04'M[DZW"[;_4KT
M,U3(;)EM%QS"<3W"[0-G0PBS0J+3/9131X6!>3T:4R-?3&1M->:DCQ4F6I&,
MD=&)^0NFB50A%":IQ;RCS;&96WR5[EKV\PT+H;E&K*/29@I^KHC&M(SN2K[5
M)H2#L_)/''#\CC)\?:8NSM,M*CBW=:1GU54L/IZNHI5QM:B;B!4`ZL!SC0,M
MS^ET/+Y_7,J+<*35ZO09J,;WZN@N%EK<2QKTDQ09/7K*4!8)1D=,J2K=)QZO
M!3)E/Y*&C9"QR5]>7N2@Q5S^$FD>528GIL=BP-0".QK4$CW$C6Y6-[C[*UL\
M?-DK?\5%&D;`2+7<H"D4)![BE"`?A74H6C1\\I"[5K=+Y3*@Z?(G<,FUHM$'
M`+O$$S^VHNU1E7S11PB13]T3$`2@;\!'SS&VV/O[Q6:SLII54T)1&8`_':#3
M60N+ZRM"JW5Y%$Q%0'=5K]E2*Z]F`L=>M<8C-U:>A;+#.3K)MY>`E&,S&+J-
MU3(."(OXY=RT5.@N0Q#@4XB4P"`^!#GE/;SVLAAN8'CF'=6!4BO4="`>NO6&
M>"YC$MO,DD1[,I##IWZBHU\876FC:E:*%MK(W="$6LJ].">BAM2-<;.6+-Q8
M%:]\O\W3A$'<HV2.[%$$"J.$BB8#*$`?O\'=_AA>_A9/P9?9ZFUMF\@D+NIM
MW$`G;6M`33H=?'XJU_$&T_$Q_BPF[9N&_:"`6VUKMJ0*TI4CWZP.K]B.O]WM
MCBA4O<\=M]Y:"L5U2ZOIM*G[8V,V!4S@KBNQ,V[F$10*@<3@9$/2!#>?'@>3
M;G`YVSM5O;S"W<5D>TCPR*AKVH[*%ZU]^HEOF\-=W)L[7+VLMV.Z)*C.*=_E
M#%NGV:F+F)UD]:R:MI_3Z[_F_7W9=2Z]SCFRKH1,WCUYT2@#+3+F-E(QZA&O
M:7*3:<HZ7:2Y6A_9,W$Q5A3\AY,4!V/&8WE=GZ6=Q.-OT6,%EGCBEVJ"""1(
M%H`5W=:]JZP.1R'&;OU<+E,A9.TAHT,DD=6((-"A:IHU.E.]-<ZGT-UJ#IGV
M!_8]3ZQ'(Q%:JDC9:U7HEN98Z$7!P6UV.+B8Y`[A19<Z+)@U32*)SF.)2AY$
M1\CR^_-EQ-=\%\?W=S(7N)51V8]RS6Z%CTZ=22=4CX@@AM>9\YM;=`L$;,J@
M>Q5G8`=>O0`#76-SF'71FG&FL6N%&I.A0YZ]?J?5KQ`**&64@[A7XFS0YUCM
M7+$RIXR::/61E#,GJR(F$GD4ECD_X3&`9-I>WEA*)[&[EAG_`)T;,C=P>ZD'
MN`?M`/LU'N;2TO8C!>6L<T/\UU#+V([,".Q(^PD:XG?KSP?&9C[S=XRJ:S.G
M3>:9OJ_;I&DT.<A&DS4X!&D7BR0E02;P4F1U'.$ZU'`4K(JZ:H-U$TU2>%4T
MSE[!YYF\O%X8PF3AR,J9&XM;'U)%8J[>I&C2584(WGZJ$5!(/0D:Y4X5A\7+
MY;S&.EL(GL(+F\].-E#(OIR,J44U!VCZ:UI0$=0#KMF44I^>5D5%3UJC4VNM
M`]1U#1=9K,$P*H!0\F,+**C&@*J^/^0GJ-_O'G'H%W?W%`))KN0_%W8_RL3_
M`)==6$VME;U)CAM4'P1%'\@`UA]OW;$,^@X*S7W9,JI%;M#1O(5FP6_0ZC6H
M.Q,'B"+IH]@I:9EV3"7:.FSA-1-1NHH0Y#E,41`P",NTPN9OYIK:QQ-S-<1D
MAUCB=V0@T(954E2""""!U&HMSE\3910SWF4MXH)`"C/(BJP/4%2S`,"#4$5U
MG==L=>M\)&V6IST+:*Y,-RO(BP5V48S4)*M#&,0KJ-E8U=RP?-S'((`=)0Q1
M$!#S^'(5Q;SVLTEO=0/'<(:,K@JRGW%2`0?M&ID$\%S%'/;3))`PJK*0RD>\
M$5!'V:^2V7.GT*&7L=ZM=:I=>;'*FYGK9.Q=<AFZARG.0B\I,.F;%(YRIF$`
M,<!$"C_N'GU:VEW?3+;V5K)-.>RHI=C]@4$_R:^;FZM;.(SW=S'%`.[.P51^
MEB!K$\\W#%=>%T7)]?R[3S,$SK/BYYH%3NHLT2+@U.JZ"M2TF+=,CD03$Q_`
M`H/I_;^')5_ALQBMOYIBKFVW=O5B>.O2O3>HKTZ_9J-99;%9/=^79.WN*=_3
MD1Z>SKM)IUZ:E'F-UD-.--?_T^RKOYV]K/2'J_H>Z30LG=@CV7\O9I6WBIB!
M;=*G47"-7A?2G_JG9-U4E'[\2>#$CF;@Y?WB@`[=P?BMSS'DEAA8:B!CNF<?
MJ1+3>WVGHJ^]V4:U;F7)8.)\?O<O+0S*-L2G]>5OH7[!]3?T58ZXQOL3#2M^
MZ1?71W9N=EF="E[-5]EQ34+?*J_)>,KI6=AO,W5F<L<G^FV5EX<\F#-/P3_L
M<:40`""3G7'`OR_!\QY]P^TMT@BCDM[B&->@,;P1JY7W[6V;C_.<^VNN7.;?
MC\SQ/A'*[J=YY9(YX)7/4ATFD9`?=5=^WX+[J:Z'/H/[J9QL_4NG=;'LY%Q.
MV=?V,I`NJDY<-V<A:L_&9>R=;N=<9'5%628QK*53C)/VO6HV>-@56*FF[;^N
MAO-_$,AB.47?(4A9L/?,K!P"0DNT!XW/L)*ETKT*F@J5:EU^'>56.4XW:X)Y
M57*V0*E":%X]Q*NH]H`(5J=0PJ:!EK>!>;S3LSJ%BO\`H-FA:=2JG%N9JR6>
MPOT(R&AHQH7U+.WSUR<B21`$0*4/(F44,4A`,8Q0&G+*RN\C=6]C8V[S7DK!
M4102S$^P`?\`8#J>FK9N[NUL+:>\O9TBM8U+,[&BJ![23_V]FOSW.RU]GOMJ
M^T7XF9GFAKNNZ)4LJRX7K)95Q6,HK#9O&/+<O$+*)KLF*$.QE+9(-3'`Z!G#
MDOX"'@.Z^/6,'B[QONR(3U[6W>::AZ/,Y)";NQ)8I`K>VBZXMSUY-Y'\@;;`
MOZ%S.D,51]$*"A?;W`VAYF'LJVN_G$<4S?KME=+QG):XTJU"H<*VA82,;$3]
MY8$2^IW+2SHB::DI/S3PQW3]ZKY6=NU5%5!$QA'G#N9S&0SV3O,OE+@RWT[E
MF)_D51^JJBBJHZ*H`'0:[)Q.*L<)CK7%XV`1V<*!5`_E)/M9CU9CU)))U%_=
M+K54NV_6;6<,MD4TD#VJJ2BM0?+MT5G59T&-9.'=*M$4JIZ3M7T3.E2$PD.G
M[[4ZS<YO964*;)<0Y#=<6Y%B\U:RE1%*OJ`'H\1($B-[PRU[UH:,.H&H'*<#
M;<DP.2Q%S&&,D9V$CJD@!*./<0U/M%5/0G7Y_P!]9'=65Z+]KJ3J:SAVIFT^
M<E%V.%0,NH21SZ==M@>RB3-(P`YEZB]21E68>/6=1J9`!`BZGGN3R+Q"+FG&
M+S&A1^81_O(&/LE4&@K[%<51O@=W=1KC3@/*I.(\BM,@6/X%_P!W.OOC8BII
M[2AHZ_93L3K])2%F8FQP\388&293$%.QK&9A9>-<)/(Z5B91JD^CI)@[0,=%
MTR?,UR*I*$$2G(8#`(@//Y]30RV\LL$\929&*LI%"K`T((/8@BA'L.NYXI8Y
MXHYH7#0NH92#4$$5!!]H(Z@Z]+GGKTTXTTXTTXTUSO?J8/\`R)9/_P"K:B?]
M'=YY?/\`AX_XURG^RY/[^VU2?GC_`(0QW^TH_P"YN-6(?4Q_[<'4+_PDCO\`
MO25YH?E#_J!RK_6C_P#:NMV\<?\``W&O]6'_`-3J6^_G_D2[K?\`I)['_P#1
MVY<Q7!_^->'_`.U+3^_CUDN9?\(<J_V;<_W+ZH&^B;H_U^[%]0GVB]@:NXV1
M&!VF]P%)SR[R;Y_EU),2OTMQ-6&(HR"[:%?6VT&>II/9%^F[6!LR;)(>R4A_
M<O'S5S+.X#E28_!7(M"]G&TDL8`FD^:0*K2=6")0E54J*LQ-:BE-^(>)X7.<
M:>^S-N;H)=2+''(28H_E0LRQ]%+O4!F:IHJ@4H:X-UNSR"Z8?J();KSAZ+NI
MXYI=7GT3TIE,R2T8TB)3KHZV7\K=)/SNE'S2(OE>4/'IG4,9HW.F4JG@IB&F
M\@OYN7>!HL]F2)<M;R+^\*BI870MZBE*%HV&XT^8UJ.QU$P5E#Q;S9+A<2#'
MBYXV^0,:!3;&>AK6H613M]PIU]FMA>S6[V#LY]K-EZUSV!Z)VDZ\=0\[9VA[
MUUHDC06L)?M8EVE->?U!T^$T6W4V#N%4IO\`.Y(]NP75=I)/VJ1P;F1=NA/@
M>.X6#CGC*WY#!F[?&Y[*W!074@E+10*9!Z4+1)(T;R>F6+`*2K$;JJM,WGLO
M-G_(EQ@IL//D,)C(`YMHS&%DF8(?4E65T5T3U-H4D@,`=M&:L+?8GU/UGL8P
MR^[=/_K"V'JWV!SBYM9`E^K,GURS=A(5,C"26%)4F9:O\A2VQ%D2CUXU^9$%
MF[<'"?N^#$*&7X%RC%X!\E9\K\CVF2P5Q"1Z3B[E(>H_]:"FQDW!UK0G::=]
M8KFW',CG$Q]UQG@-SC\S!*#ZB&VB!2A_]*:N]6VE6I4#<*]M=)?5.;V>Q=<<
M;E>Q-:7J6Y*46'::E".5(E18MRBTS14O*&_(73R'2"P+LOS`J390R2)70$#Q
MZ?`<^\FAQ$'(,M%@+@2X;UF,+#=_FV^91\P#?+7;4BII75Y\=ERDV#Q<F;@,
M>7]%1*II]8Z,?E)7YJ;J`T%::V!Y@M9K7%-W_:[`^^_R!8X#)5&%V1_(XFQS
MZ:OB+IS482?>Y%#MDYJ=;,VSYRY:1#=51R"94''K.D4HI*@(IFZ_X,V*3P=,
M^<CE?$JMP95CH'91.QVJ20`6-!6HH#W'?7*O,ER;^9(DPTD:90M`(VDJ45C"
MHW,`"2`*FE#V['MKYNB_;VU_7+W[U^K_`&3YT\'5]DD8^.MW9>U+2%CO519/
M%Q"*E(R5^0^AYO$+"HW1%52$20.V3:I!_K)L4V3?ZYIQ6UY_P?%7/CV_'Y9:
M*2EHE$C<CZ@5H&6X6IH)":ECV+EV_.(\EN>#\RR=OSJQ/YC=,`]T]6D0'L0:
ME6@:@KZ8%`!W"!!VJ1<I&3<9'34+(L9>'EV+24B9:+=MW\9*1C]NF[82,<_:
M**M7K%ZU5(JBLD<R:B9@,41`0'G(,D<D,DD,T;)*C$,I!!!!H00>H(/0@]0=
M=41R1RQI+$X:)@""""""*@@CH01U!'0C7,-$77_\F_W4Z+@NO+$L?5_I+%Z-
M,5[$Y(JQJ7<KWF-GJ.83,W=H8!^':W@Z):U7*9'A3-!C8Y-H*9DEG9771LMG
M_P`NO$%AF\4/3Y)F&B5K@?YR..9'F58V[H/20`[?FWL6K4+MH**Z_P!_?*E]
MA\F=_'\2LK+`?H>2)TB9I%[.?4<D;NFU0M*%MV]OVM_7?A.M]2-/O^?YK2\U
MVW!J7-:KFM[H%<B*9.%_IXP5M$E4WSNO-HH\C&3$-%N$61%S^F/D3HN4A()#
M@II7C+GF:Q?*<;8WV0FN,/?3+#-'*[2+^].P.`Q:A5B"Q'U("IK44V_R+PG$
M9+C>0O+*PB@RMG$TT4D:JC?NQO*$J!4,H(6OTM1A2AKK%]96O.OLL^N/3<_[
M0RUWMUJPU_:*2XMT7H5[J4Y<()Y1#RE,G[=(U.>@PM4]#@^=-3$DROD%SQ[9
MXN15R<Y^;'Y%Q2^/.?XZ_P"-Q0Q6UZJ2!#%&ZQL)-LBH'5MBM0-\FTC<R*0H
M`U@.!9)N><'O[+D$DLMQ:,\9<22(SJ8ZHSE&7>RU(^;<#M5B"Q)U77]%O1G'
M^Y^)=D(WL"[N%FSR"N$-%US.(:T2M4KT;=9VK*_(U%X:!79.IZX0,:V0;0Q7
MQW$<P*H[,9JL9R82[]YHYGE>(YCC\F"6*._>)B\K(KL8U?I"-P(6-B29-M':
MB_,-NM)\1\2QG*<3G4S+2R622J%B5RBAV3K*=M"SJ``FZJK5OE.[6S?<VC07
M1]GT\^IWK2&YW/.-]T6=U'>(J)N-;:;=JM&>SD?&*Y;`6Q(V;U6"C;NW@Y%N
M]`I8],4&:)3G5*HZ(OKG$;V;F3\K\G\B_!0Y"QMUAMF:-S;PR!2?69/WKL8R
MR%?J-6-`**5SW*+2'B:\8\<X'\7+8WD[2W`#J)YHRP'I*_[I%$FU@WTBBBI-
M6!E#N#UQ@]^ZQV;&,M^FG3<AOC"&:?TFO\!'=3:R_JUBB#ME&'YQ/UW6%+%)
MP<NBW%M*$6^6HY36,J(&<%34+C>*<@FP?([?+Y/RU;7=BSGUXF-ZX=6K7:KP
M;`RUJE-H!%.BU&LAR;!0YG`7&+Q_B^XMKP(/1D46:%&6E-S+-N*FE'K6H-?J
MH=;M_6G5._T;T%OF-=C6TIF/8.GM[[0\$O-^D8:WNFM??4=D;,[#8EX*8L"D
MPWH]Q?N&_H6/[YXYD@EZ3>D#&T_R'=<&DYQ99?`,MS@I3%)<QQ!HP6$A]94#
M*NTR1@'ITWL3[=;7P2VYE'PV\Q><5K?-1"2.WDD*N0IC'I,VUFW"-R1UZ[5`
MUK_TNQS$OKCQ[2,;[R7[&=_[1;CI5KOUAJ>>U2U=BMDN]3LE7K4+&5IY6!HK
M_8[C'2#Z'?O3N'T0C%D=3"P"H(F574SG+\MF.?Y7'Y;AEC=V/&[*W2)'E=+6
M"-T=V+A_4$$9`95HKEZ1CIV48;BV,Q7!\9?8OEMY:WO(+N=Y&2-'N9Y$9%4*
M4],S."59JL@2KGKW)UF_3CW":9W_`+X8U'NIQKEU4N%3LE-I]@^6D[J;][8=
M%KTAX8N%`&-E)2&A8Y&23,03F5CDO^$2G]>Q>?[2%['A66=4.2EB=))%I1P%
MB8=1W`9F*'W,?>*8'P?<RK><OQ:,XQ\<J,B-6J$M*IZ'L2JJ&^*CXUZGN<U:
MZ$U3-]^W_MD;)_\`-V/?]3ZQRV_!_P#U%Q'_`+4_]R^JO\Q_\`Y3_P!R'^]3
M6C7T[YCWYLW0S,9?!^T^.Y?FJ]DTLD/3;?UZ/H$['NT+]/(RZ[FT!>X,'J;^
M3(JLD3XQ/93.!/)O3ZAW/ROD>$6_-LE%FN-7=SD1'#ND2Z])2#$NT!/3:E!0
M'KU/76H^,L?S&?A^/EQ'(;6WL"\NU'MO48'U&W5?U%K4U(Z=!TU/5=R7["*9
M]IG4"U]M-NI^V91(0786$S-UG5:+0J[4[$7)YI[)-)^E$9)_'GYZ+2!5L[4?
MRZAT&BR0+)%3`A\)/E."7?C7E=KQ?#2V>35[5IA*_JNZ>NH!62O55/0J%C%6
M!H2:C,0XWFEKY"XS<<CRT5WCF2Y6(Q+Z:HWHL2&CIT9AU!W/T!%12ATY^_6I
M5>&[F?7;8X>NPD5/6:TO4K',QT8S924\2*U#-G$:$N\;(IKR)F*\V\.D*ICB
M0SE00']X>;9X/NKF;B7/;>6X=H(XAL4DD+NAE!V@]!4*M:>X:UCS';6\7*.$
MSQ0(LTDAW,``6I+$1N([TW-2OO.KF?M_J56L/UV=II&>K<#-2%?S1Q*P+^5B
M&#]["2;.7C#M9")=NFZKB.>H&.;TJHF(</4(>?`CYJ3Q5=7,'/>-1P7#I')<
M!6"L0&!4U#`&A!]QU:/DRVMY^$\A>:!'=("5)`)4AA0@GJ"/>-:[?1I5H6[?
M5-F-4L:#IU!SEDV)E)MF4K+0KE=J;4[(H=$DG!OHV5:E4%,`,**Z8F((E$1*
M80'/>9KF:S\FY*YMV`F2.`@E58`^BGL8%3^D'WZPGB6WBN_'>/MYP3"[S`@$
MJ:>LWM4@C]!U37T/ZA9/HGW&]Z^N\NYO,?BE/A=Y4?42"O%AB4;S4(;=\Q8Q
M>9WFQ-7I;=-T-!U*-72S?\P3=/E(IL1VX72%P1>VN;<JREAXGX7GHEA;,2O;
M4D:-6]-VMIBTT:$;%D(#`':0H=BJJ=I6K^'\:QU]Y.Y?A)6F7%1+<5C61AZB
M+<1`12,#O:.I!(W58HH8D;@9!^]7J?AW28_4SL3U.I,7A-]87Z3B51H8.HR.
M>/:BQA++4+"9E\L[=O.0KQ@L51PD0JK\CH1<F4%,@\@^%N3YGF`Y1@>3WC7M
MDT`;]Y0D!RR2+6E2K`B@/1:?+2IU-\N\<Q/%#QS-\<M%L[Q9B/W=0"4"LC4K
M0,I!J1U:OS5H-6)_=EW:U')L/P+#<,EG=+UKN3(EB#6J)?G92E1I:1*LUF&4
M-,D.V<1$M99FYLV2;]/TJH,DGADQ26%)4FA>'N'XW*9G.9G-1";%XE=VQA57
MD^<J67J&5%C9BO8L4K45!W;RMRO(8W$X?$8B0Q9+*-MW@T*)\@8*W3:S,ZJ&
M[A0U*&A%B.7?6_TYS3!(WKZKA.:W.L_RZ2(M\];*="R5OOTPN@`35NL5G706
ML`V*4D#G<I+I.R'CA$B;,R*:*)2:%DO('+,CG),Z,U<0W'J;HU21@D2@_*B(
M#MV@=""OS]2]237=L?P;C%AAX\*<1!+!LVNSHI>1OUG9_JW$]00?EZ!:`"E!
M/Z?BEMLV[Q?8#G;)XYD6=!;2-+:2#PPG=OFU6UZ<@T'CHXB(F<N4F('./^TQ
MAY>'G2\;(<-X-?N@5YR)"!V!>!6('P%>FJ<\,VJV/+>9V*L66$%`3W(29EJ?
MB::ZW^<MZZ1TXTTXTUQF_7%__09VP_\`%OO'_P!3K)SK;G__`$*XQ_JN._N4
MUR]P?_K/R/\`UF__`+UM;D_J7,EHJ/6?*MK3C9`-%5["5.@J2Y[%8UH\:M)9
M?JTNYCTZTO*J5EJH,A56:A5T6:;@!!3]_P#UE?7J?^'G*7IY%D\.9%_+Q8/+
MMV)7>)H5!WA=YZ.PH6([=.@IL_G?&V@P..RHC;\=^-2.NYJ;#%,Q&VNT=44U
M"@]^O4UW2ZW_`%;].M2ZM8]8]QSU[NFAZ5@.6+3^F:=99^;N44RD:#!N(J`H
M;M*0:LL\KE.:N"M8AG#H-"-VZ1?<%90RJBFH<@\D\LQO)<M;X:_%E86]]-MA
MA15C8B5@S2"A,KR$;G:0M4GI0``;3@O'W&,AQ[&3Y:R-W>SV<6Z65F9P#&I"
MQFH$:H#1%0"@'6IJ3H9^FGN5C;5WNSCLC/.WU&RB^9G-5=J_<J"WBGMP#5HB
MT.D$E%1;,$9)#.V"RI4P(052G./D1$>;M_B&M+=KCA^6C@"WMU!,KD#JPC]%
MD!]IIZK`5]E!K4/!%U.L'*\8\Q-I;31,@)Z`OZP<^X5]-2:>VIU(OUH*1?VE
M=A>R/>'L?',M(IF77TF6=5<@MS9O+T+*Z^LU7FW]B/2I$'4.^N[Z!=1'JDUT
M!4^:9TJ7\4V8,\?Y$$GC7`\?X;Q^0V]W<P>M>SH2LLS5VA/4%&$88/\`(#3;
MM'M??-X&8_(.:SO+,X@GM;>;TK2%P&CA6FXMZ9JID*E/F(KNW'V+MVC[;?4Z
M;5>U?6GM)U@NU/ZQ6C+)^++J!ZE5E8%U<*U$S;66:O(U"I?E<?)3ZL>+R)>(
M2!2-Y&.<II+K"BW!!76^+>3_`,LXSR'C7([.7)6URA]'>^X1NRE2"7J0M=KJ
M5ZHX)45;<-AY)XY.1Y%@>08"[BQ]Q;N/5V)M+J&!!&R@+4W(P;HRD`F@H;HN
M5%JTM.--?__4]7[X.[[SLYVNDL9JLDN.0=9)*<HD>V25.1I8M01<E8:/:7"1
M!!-R6.DF`0S`QO<*5NQ571,4KU0H]O>%.&IQSC$>7N8Q^:Y%5D)]J0TK$@]U
M0?4;MU8*?H&N._+_`"QL_P`BDQ=O(?RRP9HP/8TM:2O\:$;%[]%)'UG6WWT=
MVO&>VW6[L/\`5_V(0+)14\Z=:SF("X2;S39L[1C&=G5IK]PDLE%V.A6.-8S;
M$"IK"O\`F#T52*-DUDS:KYEMLOQ;D&!\CX%MLJ`03=*J2*E/4`^I)$+1MU%-
MJ4(8@C9?$USB^28+-\`S8W1N3-%U^8`T#[">S1L%D7H:[GJ"H(UIMV8^C[OQ
MU6O8V+#X.>W:GQTDJ]IVC8JLY9:%$D25$&!IJCM7R=N@K`"0B8QXDTHR(`?@
MZ`QO0&V<=\R<(Y-9?A\S,EE=LM)(KBAB;W[9"-C+_7V-_1]NM7SWB;F/'KSU
M\3"]Y:JU4E@J)![MT8.]6_J;U_I>S41)].?N/[</(:EW_.NY]TCV3M%./#LG
M-:57ZG`BF4"?.2=[A*Q<4T1:(.##Y;>I00]14RG/^X.5/+/$W%DFO+&_Q$+D
M=?PBPL[?"ENK,:D>WI[30==8T<8\G\D:*UO+'*2H#T_%-*J+\:SD`4K[.ONJ
M>FNIKZG_`*A:MT*CW.J:=)P^@=F;+%'BW$U$E<J53,Z^^30-(UBEF>I-G$E)
M2*R?B0F%D4%%D2E;MTD4??,ZYJ\G>5+GF[KC,=&\''8VW!6IOF85H\E*@`?J
MQ@D`_,Q)V[>A/'7C2WX>C9&_D6;/2+0L*[(E/=$K0DG]9R`2/E4`5W78\I_5
MJZT^[]]@87K!T\W_`&*7=MV[N!SN>BJDV<"F/YK?K4T4K-&BDT%`,9P1U9I5
ML*X%(H*;0BJHE$B9O&U\'P4W(^5X/$Q(2CW"LY'ZL2'?(U?91%-.U6H.Y&M9
MYEFHL!QC,Y21@&2!@@/MD<;8Q\:N17W"I[#7YB7/Z,ZX&UVU?IV^\#O8<6L/
M46^2*CR\=?8U*;SMXY/[CB8QB1D4V(19CG55764SJQOTF8&,!$TXV2CT$P$$
M##SCSSUPU<3EX.4V4=+.^;;*!V6X`K7W?O4!;WET=C]6NK/"?+&R>*FXU>/6
M[LEW1D]V@)I3_1,0ONVL@';72)SG[5YZ<::<::<::YF_U*FMY=(]5LNR.-T*
MFR6H-.RM8M;_`#^.L46_MT;6X;,->A9*:E8)HY6D(N/;2UB9-_<<$2`ZJX%)
MZA*;T]$?X>L7DH^39+*R6$RXTXYT$I1@A=IH&"JQ%&)5&-`3T'7V:H;SMDL>
M_'L?C4O8FR`OT<QA@7"K%,I8J#4`%E'6G4]-6$?39LN4WGH)UHIE3T*H3ESI
MF>*P-LIS*?C5+;79.$G9)O((S%:%P$TP3+[R2B:JB!4ED%TE2&,FH0QM$\M8
MG)V7..17=U82I:33[DD*G8X901M>FT^T$`U!!!Z@ZW3Q?E,==\-P-K;7L3W4
M4&UT##>I5B#N6NX>P@D4(((Z$:GG[*;[2:'T/[<GNEK@*N%HZW;A3:V6<E&D
M<K/VNTYG98&O5Z&1<JD6DI>6EY%!!%!$ISB90!$`*`B&$\>V-Y>\VXL+2U>3
MT\A;R/M4G:B3(S,U.RJH))/3IK,<[O+2SXAR0W5RD?J6,Z+N(&YWB955:]R2
M0`!JLC]-]=:>KT<MM/3M->&VPF[7Z:EZP,PP+8(V%>UB@?#FGD.9P$@A#NC(
MJ%3=&3!N<Z2A`.)DS@6QO\0-G=CF5K=FVD_"O91*K[3M+!Y:J&I3<.E5K6A!
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MXR;@<]VL.?L6)CW'K579HY`M:LE':&2@)05-!5*^O+VR7C_R(O-H;5IL'>*!
M)M'2A55DC+4H'J@ECJ0&-!4T:EI8_>IT;M,%%M,0?:KN^TVDC=C3.OU)R30&
ME^FK,_()&$$[EIJO,Z0S12=B4'KIK)2!6Z`'52(X]`$-6O\`R7YG;32OF4M;
M+$15,EU)/$8E0=V"JQD/3Z046IH"5K75@_\`-SB5Q#&N)>XO,K)0);)#()&<
M]E)91&.OU$,U!4@-2FK*>NZ>WCDM:D>Q;N!-K]@4E[-:8*K(M"UNB$L$N]E8
M3.89XV;HJ32%"@7+:+5D5SKK2#ILJX%4Q5">*]SQPWYI<1X!7_*H]J(SUWR;
M5"M*P)^7U6!<(*!00M!0ZWK"#+?EL#YQD_,WW,ZI3;'N8E8E('S>FI"%C4L0
M6KU&I<EIB)@(UY,SLI'0L1'HBX?RLL];1L:Q0`0**[Q\\51:MD0,8`]1S%+Y
M']O,7%%+/(D,$;/*QH%4$DGX`=3K)R2QPQM+-(J1**DD@`#XD]!KB8[#=E\*
M>_J!:1MS'3:D_P`>JVCXU"3.GL)J/?49NK%YO!UN:D2V5JX6BSP<'..3-W;T
M%/C(BW6.)_;)ZQ["P/'<TG@R\PSXZ5<M+;SLL)4B0[I6=1L(KN9155I4U`I4
MTUREFL]B&\S6F62_C.,CG@5I0P,8I$JL=P--JL:,U:"A/85UTI=]>H/5W[$.
MNK@]NN5(C#P+5Y)Y9V+A)BO2+2B3"RA&OD]B1D$XN9ILL^!)"3C%'9$7/[ID
MSHNTFZZ7/7".5<DX'GU%K:3,'($UJRL#(O?Z*;ED45*.%J.M05+*;VYCQGC_
M`#;"-^)NHE*`F*Y5E(C;M]5:,A-`ZUH?91@I'-/]7OVIVGH!JMBZA]IKB2\=
M=H.U3-,BK;6)M+0XW'[-%S2D6M-4R;C7+H)_')95)59RT9`J*`G*]9)`H9TW
M==#>2/&=MSG&6_*N-6GHYYXED9'7TC.C+7;(I`VSKT`9J5^AS3:RT1X_\AW'
M#<C/QKD-UZV$21D#HWJ"%@U-R,"=T!ZDJM:?4@KN5I8<6:N]`OMK5[V04]%Z
MGT<[46JZ+S>Y9O(H7VJ5-;<')9^W1%CEJZ,HE"3M-T4Z4K^7'#Y;R"3$K4BB
MY544<8MM/SCQ<.%SP-;<RQD486WE!B=_PXVHR*]-RR153=]*R'YB%H3DFG@X
M;Y(/+H9EN.)9&1]T\1$B)ZYW.K%:[626C[>[1CY034"^7O%WZZ[4OJ/H\KGF
ML4/5[_KN?6"B851<QLL+H%LT*[W^#=U^L!!UNM.I63?Q<>]DTW+Y7V?;313%
M+R*ZB*2E)<-X/GKSE./BO\7/:V-K.LES),C1)%'$P9]SN%`)`(45J2:_2"1<
M'+>8X2UXW?2661AN;RYA:.WCB99'DDD4JFU5))`)JQIT`IW(!UF^LGK0W^N3
MZZ+[,=E9VNYA>-5);].O2%MFHR')3F:M,)%U*D/7;MPBBO.,86*,\<-2>M=)
M](+M@`XI!YV+R+R)N?\`/K*+CT,ES9VVR&,HI;U#ZFYY``.BEFV@]BJANE=8
M'@6!7@_"+R7/3);W=QOEDWL%V#91(R2?J"C<1W#,5ZTUI7^F2T.AQN==DL\D
MKA6XV\RFC4J<B:E(3#%C/S$2K6I!A\^&C'2R+J701>,SIK"V*J*!A)[@%]Q/
MU[A_B*L+V2_X_?QVDC62V\BLX4E5;>#1B.BFAJ*TKUI6AIJO@2]LX['.V4EU
M&MVTZ,$+`,PVD54'JW44-*TZ5[C4M_?5@FXU^Y=:/L,P&+D)J;ZP/4"7A.-0
M=2#JM15?M32[TNVNXAL;UOJ@UEU)%I.B`>$FSE$5@%L*YT<5X2S>&GM.1<#S
MDJI#D@?3J0`[,ACD0,>SE=C1^\@T^:@.2\PX?+0W6!YKAHV>;'G]Y2I*A7$B
M.5'=`VX2>X$5^6I&Q>3_`*@CZ_;GFD39;_;[EF>EJQZ))?)%LVOUMF%;`1!(
M%V-7L-2KLS4I1@_?F,FP5=OF"RA/2*Z+<PB4,!D_!?.K3(RV]C:PW&.#?+/Z
ML2+MKT+J[JZD#JP56`_5+:S>.\S\,NK".>\N98+_`&]8?2D=MWN1D5D()^DE
ME)]H&I-T?L#W3GNCG<3M)"YS9,IFY+/U'?5S%)>#9GU>BT:';.4)K7KX@U0=
M/VVD6..F7$RG7SF70A6D(R2])G"KPZV.Q^"XA!S+B?&YLA'<PK/2\N%8^C)(
MQ!6",D@&)"HC,O0R-(YJ%"`3[[-<JFXER?D$5B]O*T-;2!E'K1QJ#NFDH"1*
MP8N(^H01H/J+$UE?2OWYZ68_USGX[4;9-F[@WO4;,^OGJI.@:=LVZ24Z]36I
M):[)P$#9YNW"X;"1F5D=R4R$D1PY6(F5S\E:Q?+W".7Y7/P28VU3_=2"V01_
MO(H;>V"C]YO#,BI0_-NIU3:H)V[1H7BOF/%<9@YDR%R_^\TUPQD_=R2SW!8_
MN]I579^GR[:]&W,0-VXP=],'8_+^NG<7O56]P>6+.;UJFB059I6<2=0LDO?Y
M6X):E?VC^G%K55C;`Z+8HEU8VY7:8"*2)055%3V4E%"YGR[Q_)9_B?"[C#)'
M<65M;L\DH=%B6/T8B)-[E1L8(=I[GH*5(&L3XMSF/PG)^7099G@N[B=52(HS
M2%_5D!3:@8[@6%1V'4UH"==D/.3==/:H?_4";!E4;T'TG*'NBTQ+3['<\K1A
ML\"Q1:UU>?EUO@+4_<?RR@Y4F&[%I7VPNE'*J*;<I%$@$_J61*>Z_!F*R<G-
M\?DTL)CC8X9MTNP^F*QL@&\C:26-``2>AZ=#2H/,V3QT?#K_`!SWT0R#RP[8
M]PWFCJY^2NX`**U(IVZ]15^G[V#*I+H/FV4,M%IBNGURYZHC,YX-BBT;JS_,
M;?/VI@X_EE=RG,.&+NON0=)N4D5&YB)J@!_4BL4CSGBLG'S?(9-["88V2&';
M+L/IFD:H1O`V@AA0@D'J.G45>&<GCI.'6&.2^B.026;='N&\5=G'R5W$%36H
M%._7H:7P<I35OZY7_P!1O$V.I:)T-[`'KLE*YYG=QM3&QR<<F!B,IQ.P9[;X
MF$<K*>ANU>V.)K<@++UF]*@LEO/I]`>KI;P#+;W5AS;!"X5;^XA0H#[5VRQL
MP]I",Z[O=N'OUSWYPCGMKWA^9,#-902N&(]C;HW"GV`L%;;[]IULA]@WV9=3
M^R'1S?<QZVVZ?W.]WO&9J==0E)I=J02SNF1!FTS9;EJ,Q8XF#AZ5%P,?'J%%
MNX7&1=O#HMV[=4RQ1YK_``7QWR?C_,\'D>0VL=E907:J&DD0^K(U52.%49FD
M9B1U`VJM69A36<YISSCF<XEF<?@KE[N\FM68K&C_`+M%HS/*S!5C"@'H3N+4
M"J:Z]']/YOV7/>B5>R8\X^C;AEDOJ5@N@S%=L455HN!DKTM+LY0;X]BTJ.<B
MK>R(E!O^8@\]2+@?9]M!0Y?/SG@\DG-9\H(5:TN5A6/:Z,[,(PI'I`^IW0]=
MNWJO6K`:^_#.9Q[\0@QOJE;JW:5GW*P0*9-P/J$>GV8=-V[HW2@)UHC]96N9
M>X^]?O99T]`J7\N:3$=AH'/IU2=CT(B[2[C><MEF;"K2"ZZ;6=6D8FO/737X
MQE"NVS<RJ(G3\&'=?(N*R2^%N%6QL9?Q%NUJTJ[26C46TRDN*56C,JM6FTFA
MH=:AP+)8\^7>7W`O8_0G6Y6-MPVR,;B)@$/9JA6(I6H%14:D3]3C?:2\SKK5
MG;.UP#R]1V@W&Q2=29RC-W8(J#_EB/9)2DM&-U5'44T=.GI"-S."I_($#^UZ
MP34],#_#I8WB7_(;][606301H'*D*S;R:*3T8@#K2M.E:5%9OGR\M&L<%9+<
MH;Q9G8H""P78!4@=0"3TK2O6E:'7L?=OB=KWSJ_U([E=:I)#28SKM$N'%GD<
M^D&ME&-J\[&4N897MD:)7<`LRI$_4`))>S[BS5-\"ZI"(-EU$_'P[F+7!\CY
M3Q+D,9MY+]@$$H*5=3(IC.X#K(K_`"5H"5V@EF4'U\KXJYS.`XWRC!2">.Q4
MES&0U$8(PD%*](V3YJ=0&J0`I(LEZ]?=!T:U_$ZWHMSVBI9=?C0K(EWR:?-)
M!<HRX$;IIR</4:^W:/9B]L7DAY_+%(M-XJZ143*<B;GW$"5]GO$7,\5F+BPL
M\1+<V.\^G.M/3,=>C.Q(6,@?6'*@$$@E:$[UA?*7$LGBH+ZZRD=O>;1ZD+5W
MA_:J*`6D!/T;`Q((J`U0*4?I5WRJ5S[#^[LM::SJD,XVRV6-M7(1CDFCW.8@
M)N7V69E_R*_,J#6+0K1%XM"1$KUW*`UCF1FZPKN$RIB/+@\OX.YN.!\.BMKF
MV=;.)"[&>*-65;=5W1&5T]0&GRJFYVJ-JFNJJ\5YFV@YMRR2X@N$:[D8*HAE
M=E9IV;;((T?TZ5^8O15H:L*:N%[0?=AUOZG]MAZJ:-2=(47AU*4A>M,CV\,6
MK5%2\PT58HYV#!U()2T[#Q4'/-'$@X;E`Z/E5-))=1$2&JCC?A_D')^+?[S8
M^\MZ/ZACA);>_ILR$5`VJS,K!0>_0DJ#75F\@\JX/CG)/]W;ZTGJNSU)0%V)
MZBA@:$U90K`L1VZ@`D:N5Y4NK0UBMQO='SJ&-8M!N55HM?(M\<\[<;#$5B&(
MO\=P[]@TG-O&+(JWQ&:ROI$_J]M(YO'@IA"3:65Y?S"WL;26:>E=L:L[4J!V
M4$]R!V[D:CW5Y:6,7KWMU'##6FYV5%[$]V('8$_8#KB<^O7>L8A/O+WK6)S3
MJ9`YEHVJ]NW%+O\`.SC.%J,ZA=;Q99RHKHS\HHTC6J-CC?2=F9PHD5<ZB:11
M%51,ANP>=X3+S>&<)BX<=,^1M[:Q$D2J6=3'&BN-JU)V'ZJ`T`)/0$ZY4X5F
M,7%Y;S&1FOXDL)[B\*2,P5&]21F3YC0#</IJ16H'<@:LS_4F:=G,YTRQ&J0E
M[J4U9)SL=5KM#PD18(N3D9*GP^7:_#R=F9MF+I<Z\&SE;$Q;F<E\I>\Y(4#"
M(^.5W_A\QV0AY=F+J:RE2W3'O&S,K`"1IH&"$D"C%58T[T!.M\\Z7]C-Q;$V
M\5Y&\[WR2*JL"2BQ3*7`!^D%E%>U2-7"]/-IR%?H_P!>+\73J&G2JY@&1LK)
M:'-JA6<+6Y"*SROM96-L3YV\11@I2+=-U$G+5V*+A!4AB*$*8!`*IY9B,JO,
ML]8_ET_XR2^G*($8LX:5BI0`?,I!!!6H(Z@TU9O&,KC3Q+"7GX^'\+'90AG+
MJ%4B-00Q)^4@@@@T(/0C7/?^F]ON=&TSOI3YFTUI&6T^1R.2I];EI%HSD;I!
MQ4KNB4^I"QCXZ+F518)6M@#E-,ACIE>)^HH`;EZ_X@;&_P#R[A-W%;2&*V6<
M2.H)$;,MMMW$=%KL:A/?:=4OX-O+'\?S"UEN(Q)<-"44D`NH-QNV@]33>M:?
MSAJ$NH/8&S_1?W%W3KAV<J=R<=?-.E6SZMW*'C1D%#L(23?MZ/J]<0.9LVL,
M)*UJ3.UGVC,XO6KM$A`(9=F9LKF.58*V\S\3PO(..74(SMLI#QL:=6`,D+]R
MK*XK$S?*5)-:.&&)XSF;CQ'R?+X//VTIPMPP*NHKT4D1S+V#*5-)`OS`@#NN
MTWHH?:C1>UL[%8A]<Q9[8=3M(L_YEUB>S>Y5W(.N]/5<)IV"_7P;M&U)_8YZ
M+9&/^30K5,S>6D?0D=R4H"FK3#>-+WC$$N9Y_LM,9%79`LL;SW4E/EBC],N$
M4G_.2,:HE2%KU%N#R':<BFCQ/"-]UD)*;IFB=8;9*_-))Z@0LP'T(!1VH"WL
M,R?8A]DN8_7-6LOF="HUZT)]J<W/1,''5`L4U(U:51I$N9^3E9657:L6ZY/S
MUH5LV*7UNA.H("0B)Q#$\"\?9'G]QDH;"]A@2V168ON-2Y8*%5:DCY6J?9T[
MDC64YMSJPX/!CY;VTFF>X=@H2@H$`+$DT`^H4'MZ]@#K2G_]B_HQ_P#!_8C_
M`!Y"_P#W?S;_`/D%S/\`_KL/O6__`%ZU3_G?Q'_^6^^[7]O7_]6G.\EL9+M<
M"W`JY;:6TV`MI*Z!4');&$L[";*X!QX7!<),%?6!_P!_U>?/X^>?T[LOPYL[
M3\)3\+Z2[*=MFT;:4Z4I37\Z+OUQ=W0N:_B?4;?7ONJ=U:]>]=>YD>LZ!A6E
MTS7LKLCVI:#09MO/UB?8^V95F]0*=)5%PW6(HV?QLBS65:O&JY%&[MHLHBJ0
MZ2ARCX93%V.:QUWBLG;B6QG0JZGV@^X]P0:%6%"K`$$$`Z]L;DKW$7]KD\=.
M8[V%PR,/8?B.Q!%0P/0@D$$'7Z!7UR?;-@_?.L15>=R4/F'8UFR33L^/R\FF
M@:==MFHJO9[+W;]1-2UUY<J*BQFI!4DHPA3%<D%,$W2_#//_`!?F^$W,LZ1O
M<X`GY)U'T@GHLP'T-V%31'_5-:JO9G!_(^'YA;QP-(MOG`/GA8_40.K1$_6O
M<T^I?UA2C&U[E8ZL73C36%:)H]"R2FSVAZ=;Z]1*/6&1Y">M%HE&L1#QK8H@
M4HK.W:B9#+N%3%311)ZEEUCE33*<YBE&988^^REW!88ZTDGO)#140%F)^P>P
M=R>P%22`-1;V^L\;:S7M_<I#:1BK.Y"J!]I]_8#N3T'77!Y]Q7VH*][[Q%YA
MDJDI%]9<RFG,C!%D&RD=):=<TDG<7_4"7CU%#*LHAG'.5D8-HJ5-RBW=KK.2
MD67]AMVMXG\:#A5E)DLH%;D5R@#4-1#'T;TE/M8D`R,*@E5"DA=S<@>3O(1Y
M?=QX_&EEP-NY*U%#*_4>HP]@`)$8-"`26H31:2>7%JJ=7C_IYD[$?['ZT:%`
MXQJ62:HI;A*+@"EKHQ;%)L*GLB"8D_FQ2+#_`%?]/U"'C]_T<IGSP;<>/[CU
MO\X;J'9V^NIK_8W]NOZ*ZMKPJ)SSF#TO\W^&FW]_IH*?V]G?I^FFN^?G$.NQ
M=.--.--.--1K+8SC\_)/)F=RC-9J7D%A</Y66HM7DI)\N8`**[Q\\BUG3E82
ME`!,<QC>`_;S(19?*P1I#!D[A(E%`JR.`!\`&H-0),7C)I&EFQT#RL:DF-"3
M]I(J=?=6\LS&FR!I>H9S0ZK*F;*,S2=;J%?@Y`S18R9UFIGL9'M7(ME3HD$Q
M/5Z3"4!$/P#GQ<9+(W<?I760GEBK6CNS"OOH217XZ^X,?86K^I;6,,<E*55%
M4T]U0`::]&T42CWA-FE=:;5+>E''64CT[17HBP)L5')4RN#LR2S-V5J=<J)`
M.)`*)@('GSX#GQ;7MY9ES9W<L1;OL9EK3M7:16FO2XL[2["BZM8Y0O;>JM2O
M>E0::\F#R3*JPY</*WF6?5YX\8N8MVZ@Z97(ERZC'@$!Y'.%V$:W578NP3+[
MB)A%-3TAZ@'QSUFRF3N55+C(SR(&!`:1V`([$`D]1[#W&O*'&XZW9G@L(48@
M@E44$@]P:`=#[1KQ?Z`X1_93)/\`'%._@W/7\\S7\8NOO9/VM>7Y-B/X5;?=
M)^SJ09*MUZ:@G%7F(&%EJR\8A%NZ[)1;%_!.HPI"I%CG$0Z05CUV)4R`4$3)
MBF!0`/'@.08[B>&9;F*=UN`U0X)#`^\,#6OQK74V2""6%K>6%6@(H5(!4CW$
M'I3X4IK"Z-B>,Y@\=R.:9'F.>2#]`&KY]1J%5:D\>M@.50&[MS`1,>NX0!0@
M&]!S"7R`#XY,O<QE\DBQY'*W-Q&IJ!)*[@'W@,QH=1;3%8O'LSV&-MX'(H3'
M&B$CW$J!74G<QNI^O.EH>)GXUY#3L7'341((BW?Q4LR;24:^0$0,*#QB\26:
MN41,4!])RF+Y#]G/2*66"1)H)&2534,I((/P(ZC7Q)%'-&T4T:O$PH00""/B
M#T.HU_H#A']E,D_QQ3OX-S(?GF:_C%U][)^UJ!^38C^%6WW2?LZRY&@41O6%
M:2A2JDA3%_7[U11K<,G6%O<=`^4]V`(R+%*>X]*"QO*0^50]8_O?CR*;Z]:Y
M%XUY*;L?K[VW]J?57=VZ=^W34D6=FMN;06D8M3^IM79WK]-*=^O;OUUB/]`<
M(_LIDG^.*=_!N2OSS-?QBZ^]D_:U&_)L1_"K;[I/V=9(QS+-XN`E:I&9]2(Z
MKSIC&G*VQJD"T@)DQTTD3FE8=NP3CI$QTD2%$5DS^2D*'[`#D=\CD)9XKF2^
MF:Y3Z7+L67^JQ-1^@Z]TL+&.&2WCLHEMW^I0BA6^U0*'](UCM+P/"LWEAG\[
MQ;)J%.B@HU&:I><T^K2PMEBB55N,E!PS%Y["I1$#$]?I,`_B')%YG,UD(O0O
M\O=3PUKMDED=:^^C,177A:X;$6,GK6.*MH9J4W)$B&GNJJ@ZS2STRGW9HW87
M.J5JW,&CGYC5E9X*+GFC9V"2B/RF[:5:NT47/LJF)ZRE`WI,(>?`CR';7=W9
MNSVEU)$Y%"48J2/<2I'3X:EW%K:W:JEU;1RH#4!U#`'W@$'KK%XS%<;A9!E+
MPV2YE$RL<Y2>1\G&4.JL)!@[0,!T'3)ZUBDG+5RB<`$AR&*8HAY`>29,QEIH
MWBFRERT3"A!D<@@^P@M0CX'4>/%8N)UDBQMNLBFH(C0$'W@@5!U)ABE.4Q#E
M`Q#`)3%,`&*8I@\&*8H^0$!`?Q#F.[=1WU/[]#J'H7KOU_K=D1N5=PS'8"WM
MW1WR%JA<RI479$7JAA.H\1G&,(A)INE#CY,H"H'$?Q$>9:;/9VXMS:7&:NY+
M4BA1II&2GNVEB*?"FL9%A,-!.+J#$6J7(-=ZQ1AJ^_<%K7XUU,7,3K)ZC*K8
MKC=&L+ZVTK)<RI]KE".$Y*S5:AU:OV&13=J@N[(^FHF*:23LCI8H'4!14P',
M'D?(\R-SF,M>P):WF4N9;9:41Y'913H**S$"GLH-0+?%8NTG>YM,;;Q7+5JZ
M1HK&O>K``FOMJ=>BWRS,6EW<Z:USFAMM(>-S,W>@MZA7T;NZ:';IM#M7-K3C
MRSR[<[5$B8D,X$HID`OCP`!SS;)9%K-<<V0G./!J(B[>F#6M0E=M:]:T[Z^U
MQ]@MVU^MC"+XBAD"+ZA':A>FZE.G?6><A:F:CN=R#)K1*NIVS9?G=BFWWL?-
MF9VDUJ7E7GQFR+-M\J0D(QP[<?':-TTB>LX^A,A2AX*4`"?#E<I;1+#;Y*XC
MA6M%61U45-30`@"I))^)KJ%-C,;<2--<8^!Y3W9HU8F@H*D@DT`I]FD%D&35
M>5:SM9R_.Z[-L??^%,P5)K41*L_DMEF;GXLA'QC=VW^0T<*)']!P]:9S%'R4
MP@*;*Y2YB:&XR5Q)"U*JTCLIH:BH)(-"`1\172'&8VWD6:WQ\"2CLRQJI%10
MT(`(J#3[-2)R!J;KP;-5JQ=8-_6;E7(&VUN53*C)U^S1$?/0<BD10BI$G\3*
MMW3!XF54A3`51,P`8`']H<][:YN;.9+FTN'BN%[,C%6'V,I!'Z#KQN+>WNXG
MM[J!)(&[JZAE/V@@@_I&L/@,3QFIUR>I]6R/,:U4K4F9&SU:`H55AJY9$3HG
M;G2GH2.BFT9,)G04,02N$E`$AA#]@B')4^8R]U<07=SE;F2ZB^AVE=G3V_*Q
M8E>O7H1J-#BL7;036MOC;>.VD^M%C15;^LH`#?I!UF"M6K"]>&I+UR!6JHLB
M1HUE6(CU*\,<GZ038#"G;C&BR(!`\)>WZ`\!X#D47-RL_P"*%PXN:UW[CNK[
M]U:U^-:ZDFWMS#^&,"&WI39M&VGNVTI3X4UA#?"<0:+H.FN-Y4V=-EDW#9RW
MSRHHKMUT3E417063B"J)+)*%`Q3%$#%,`"`^>3&S6992K9:Y*D4(,KT(_P#-
MJ(N(Q*L&7%VX8&H(C2H/_EU]TUCN1623=S=BRS.)Z9?G(H^EYJCUF4DWJB:2
M:"9W;]]%KNW)R()%(`G.80*4`#\`#GQ#ELK;QK#;Y.X2%>RK(Z@>WH`0!K[E
MQF-GD:6?'P/*W=FC0D_:2*G645NJ5:FQYHBH5J`JL49RH\-&5N&CH./,[6*F
M19T9E&-FK87*I$2`8_I]1@*`"/X!R-<75S=R>K=7#RRTI5V+&GNJ233X:D06
MUO:IZ=M`D<=:T50HK[Z``5U@$/U]P6O6=.[P&(Y#!W-)RH\2MT/FM,C+.F[6
M`06=)S[*%0E2.50$0,<%0,;S^(\G2YW-SVQLY\S=/9D4V-+(4I[MI;;3]&H4
M6%P\%P+N'$VR75:[UB0/7W[@M:_IUG]<JE6I[-U'5*M0%6CWTI(S;UC7(:.A
M&;R:EW!G<M+NFT8V:H.)24=&%5PX.455U!$QS&'\>0;BZN;MUDNKAY750H+L
M6(5115!)-`!T`[`=M38+:WME9+:!(T+%B%4*"S&I8@`5)/4GN3WU7GW2Z<K]
MS;W2LVLF5Y7$XLW=5*U:]N,M'U^6V:WQ-5L?Y]'8;F8I12E@J,;,242W/.S;
MA^@4L8X,U9H+G67%+?.(<L'$;*\R%OD[ELP0Z06ZEEMT9TVFXF^;:Y4,?3C"
MGYQN<J`M=*Y3Q@\HO+2QGQUNN*!1YIR%,[A&W""+IN0,0/4D+#Y3M4$DTLKY
M7FM[UCMFJ%2NK!&*N57KMMC&[M.00CK-"1L\P0?I(N&R3U%G*MG3=-VFW=*I
ME4`H'`BAR@/@P@,BWN[JS<RVES)%(10E&*FG0TJI!I4`T^`UX7%M;72".ZMT
MDC!K1U#"O:M""*T)Z_'6#?T!PC^RF2?XXIW\&Y,_/,U_&+K[V3]K43\FQ'\*
MMOND_9U];O$<7?\`QOG9#E[WX31&/9_+H%4<_$8-O5\=DV]Z)/[#1#UCZ$R>
M"%\CX`///E,SETW;,K<BIJ:2N*D]R?FZD^_7TV)Q;[=^-MS04%8T-`.P'3H!
M[M?8CD&3-X9Y7&^7YVA7I%VWD)"!1I-:2AGS]H42-'KR+)&%8NG;4IA!-0Y#
M'(`_@(<^#E<HTR7#9*X,Z@@-ZC[@#W`-:@'VBNOL8S'+$T"X^`0,02OIKM)'
M8D4H2/8=?-&8KC<+(,I>&R7,HF5CG*3R/DXRAU5A(,':!@.@Z9/6L4DY:N43
M@`D.0Q3%$/(#SZDS&6FC>*;*7+1,*$&1R"#[""U"/@=?,>*Q<3K)%C;=9%-0
M1&@(/O!`J#KVKOG&>:9&(PNCT.F:!#-W!7B$3=ZO!VN,0=E#TE=(L)YB_:IN
M"E_`#E(!@#_;SQL\A?XZ0S8^]F@F(H6C=D-/=52#37K=V-E?QB*^LXIH@:TD
M17%??1@177]J70*)F\/_`"]G=*J5"@/DK//R.EUN&JT/\MP("NZ_+(-DQ9?)
M7$`]9_1ZC>/Q$>?EY?7N0E]>_O)9YZ4W2.SM0=A5B33X:_;6RL[&+T+*TBAA
MK7:BJBU/<T4`5UY>C9)E6PQ#.`UO,L^U*!CY%&880FC4RN7>(8RS<ATV\HSC
M;-&R;-M(H)JF*1<A"JE`P@!@`1YZX_*9/$RO/B\C/;3LNTM%(\;%3W!*$$CX
M=M>=]C<=DXUAR5A#<0JVX+*BR`$>T!@0#\>^O\?T@R;^U^=__1-:_AG'YKE/
MXE<?>/\`]^GY9COX?!]VO_=K_];>[[B_I<UR0UFZ=J^H]-=Z-7=&E'EIT_(J
MLU!>[5JY/_4ZG[33X),WRKA#6R2$[MRR9%5DVTBX.*2"S901;=6^)_+N*CQ=
MGQGE-V+>XMU"0SN:1O&.BI(W:-D'RAFHA4"K!A\W,OD[Q9DGR5UR+C=J9X)V
M+RPH/WBN>K.B]W5SU*K5@Q-`5/R\RR^7:8UM'\CN<ZO3>Z^'!OY07J-@2M'I
M:$44=&_E]2/++>&R:1C*#[/[@%$1\``\Z*7)8YK;\:M_`;/I^\#KLZ]OFKMZ
M^SKJA3C[];C\(UE,+KK\FQM_3O\`+2O3V]-92SPWL%'NVK]ACVQL7[%R@\9/
M6>?79L[9NVRI5FSIJY1B"+-W+=8A3D.0P&(8`$!`0Y&?,X*1&1\M:,C`@@RQ
MD$'N"-W4'VC4E<1FD973&70<&H(CD!!'8@TZ$:M-Q+[*_N0PZ.8P48_VC0Z[
M'@F1O#[#CDWHRWMI@!2(J6N7KQ;\=`J8`4J?YMZ"%``*`<K3,>//$V9D>:1+
M.WN&[M!.L7]A6]*OQV:L'$\[\GXE$AC>ZG@7LLT#2_VV7U/[>I_LGW3?<=.1
MBK"+R9C372GGT35;ZSV]U)H?@(?Z25O5M4,/@1\_OM#_`(A_N_#F#M_$/B:&
M0/)E&F7^:]W&`?N]C?VM9J?RGY.FC*1XT1-_.6U<G^WO7^356&^W/[">TDNC
M-=@"=E]07:.57<9'6&H74*S".5R>TNM7:?'0C&IUPZZ?[I_@,F_K#\!\\LO!
MVG!.-Q&'!''6P(H2KQ[V`[;Y"Q=Z?TF.J\S-US3D$HES(O[@@U`9'VJ?Z*!0
MB_\`A4:UY_H#N_\`936_\<7'^#<SOYYA?XQ:_>Q_M:POY-E_X5<_=/\`LZ]'
M*>MO8#<K&C4\@QG2M$GE'?PE6=7I\W))1RQ71V2QYJ039A&P+1HZ3,1=P]6;
MH-Q(;W3D`IO'QD^08/#6YNLKE[>W@I6KR**]*_**U8D=@H)/L!U]X[!9G+SB
MVQF+GGFK2B(QIUI\QI10#W+$`>TC7<A]-_U;/>@]%LVAZXM$2?8[5XYC&3Z$
M.NE(Q6;4IHY))(T2,F$@]$O*2<FFB[FG2(BS47:MD6_N)M?E.N-/+/DE.;WM
MO88L,O'[5B5+"C2R$4]0K^J`*K&#\P#,6H6VKUIXP\?/PZSN+W)%6SERH#;>
MHB0&OIAO:2:%R/E)"A:A=S79<I[5K:<::<::<::<::<::<::<::<::<::<::
M<::<::<::<::<::<::<::<::<::<::<::<::<::<::<::<::<::<::<::<::
I<::<::<::<::<::<::<::<::<::<::<::<::<::<::<::<::<::__]D_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>7
<FILENAME>g864417logo_03kor.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g864417logo_03kor.jpg
M_]C_X``02D9)1@`!`@$`8`!@``#_[0[24&AO=&]S:&]P(#,N,``X0DE-`^T`
M`````!``8`````$``0!@`````0`!.$))300-```````$````'CA"24T$&0``
M````!````!XX0DE-`_,```````D```````````$`.$))300*```````!```X
M0DE-)Q````````H``0`````````".$))30/U``````!(`"]F9@`!`&QF9@`&
M```````!`"]F9@`!`*&9F@`&```````!`#(````!`%H````&```````!`#4`
M```!`"T````&```````!.$))30/X``````!P``#_____________________
M________`^@`````_____________________________P/H`````/______
M______________________\#Z`````#_____________________________
M`^@``#A"24T$"```````$`````$```)````"0``````X0DE-!!X```````0`
M````.$))300:``````!U````!@``````````````40```$L````*`&P`;P!G
M`&\`7P`P`#,`:P!O`'(````!``````````````````````````$`````````
M`````$L```!1`````````````````````````````````````````````#A"
M24T$$0```````0$`.$))3004```````$`````CA"24T$#``````,+0````$`
M``!+````40```.0``$@D```,$0`8``'_V/_@`!!*1DE&``$"`0!(`$@``/_N
M``Y!9&]B90!D@`````'_VP"$``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,#/_``!$(`%$`2P,!(@`"$0$#$0'_W0`$``7_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$#$0`_`/54DDDE/,_XQ?\`Q*9/]>K_`,^,1/J]U#%Z;]2\+-RW
M^G130'./?DPUH_.>[\U#_P`8O_B4R?Z]7_GQB\\R^K9>=TSIN-?5:WHN`YE-
MI9IOL^G;[_H>KZ6[T?\`U(DIZ/I/3LSZ[]9=UKJC2SI..=N/0>'0=*6_R?\`
MN3;_`-;_`.*)_C4K8;.C5`;6$WM@:0/U9OM7<=+&`.G8_P"S=HPO3;Z&SC9&
MG_F6Y<1_C6<6V]'<!N+77D#Q@XVB2F]_XU?U>_[D9G^?5_[SKH/J_P#5_#Z!
MAOP\-]EE=EAN)N+2[<6LK_P;*O;^B7-_^.#UC_YV\G_/?_[R+I^A]2OZITZO
M,R,5V#8\N!QWDEPVDMGW,J^E_424Z"2222G_T/54ERO_`(Y7U7_?N_[;/]ZF
MW_&)]77C<S[0X>(I<0DI?_&+_P")3)_KU?\`GQB;H72,/JGU'Q.GWL`KOIF0
M-6O)<YMS?Y;7^Y9?UB^N'U6ZUTRWIMF1?C^HYI+Q27$%C@^-A<W]U%Z1]>OJ
MMTOIF/T]M]UHQV;!8:B"?/;N<DIJ_4OJN3T/JMWU4ZL=OO/V1Y^CN/NV-G_!
M9+?TE7_"?\8G_P`:7](Z+_7N_+C*I]9NM_4WK]E&1]JR,3*Q]!>RDN);])K3
M[V?0?[F.4>O==^K/7*^GC)ZA>VWIX=NL&/\`SA=Z4O<WU/T?\RDI],27*_\`
MCE?5?]^[_ML_WHM/^,#H-X)H;DV@:$LH<Z#_`&4E/2I+E?\`QROJO^_=_P!M
MG^]+_P`<KZK_`+]W_;9_O24__]'CEWG^+^RP?5[KX#B-E1+-3[3Z=VK?W5Q?
M[.ZA_P!Q;O\`MMW_`)%=7]5,^GI/2>HXF71E^KU!I8/3QRX,&VRO=N+V;_YQ
M)3R%?Z6\&VP-+W2ZRS<X2=2Y^QMECO\`-73_`%EZ+U;,^L7V5].+1>W%%KFX
M@L-0K9NE^QM7KOLW?Z.E_P#@U7;@=,IZ7=C,9F6Y>197-[L4M%=3"2_TV^H]
MSGN_K+<ZAUVJ[ZQ#K&(S.H=]E-#'?9I++`X.8]U;G[+Z7M=9ZC/^V_TNQ)3@
M=*^K55OU@P>FYU['59;#835O:Z!ZK/2BZECZKM].[])7_-J&1]6+\CZR9/1N
MD$7^D]\.<2`QC3M_3O>ROZ'_``?_`%M;=GU@RK^O])ZAF8UUWV`/;D7U8[V;
M@_<UNRIVYWZ+=_(_/_1J6#URGIGUKRNJ48>9?B9P?Z[C46N:7O\`5;Z-?YS&
M;6,_2/\`>DIYB_ZOYU>)CYN.YF9C95OV>JRC?_.S#:2R^NFW<_\`,]BZWZE=
M%RND=;S\?)OJ=?7A.];'K<XN8ZPT6U[]S&5/_1_G4V6K%&9U3$MQ[&VY_4G8
M^37>QEK;12&UDG^;L<_]-9_4_0_\(MW'ZWT^OZQY_7'T9OZ_CMI;2,<S7#:6
M/]1V_P!WNH]GII*?/$E:LZ9FML<*\>]]8)#'FIS21/M<6>[;_G*/[.ZA_P!Q
M;O\`MMW_`)%)+__276<]S>KY[1FO9MR+1M&9<P-A[AM]-M+FU_U%UE/4VY?U
M'LO%X+Z:C59:VUT@L(:"[)V>KO=7L>]_IK%I8_-^L^?A#)R)L?EM8QN<W1P]
M39Z>,*=U.QWT/?\`H$W1>IG]C]7PGY%IL;5ZS'/S6V6-@BNW9=Z+/LWTJ_S+
M$E,^G56Y_P!5<VZK)M?;B7^J'MRK3[6L;ZK7W>GZFSTRZST_36K]0^JUWXN3
MB/R!<^EWJ@NN=<X,<-KMUEU=7L:YB)]0K#;TW)+K7W_IHFW(&4?H,]OJ-KJV
M?U%S^=D9/U?ZOF8_VB]S+:WUU^MGM'LM'Z.ZNJRC=796[^;?N]B2F?3,H]9^
MLCK1EO\`L[7OR;6U95NUM59W#]!Z3&>G_-L<W>KWU9S6_6[/S\KJ-KG48[FM
MQ>GAY96VMV[]+=766^N_V_G_`/I-7?J7T]]G2LC(OMOM;FS6SU<C[2/3:"QS
MZGMKI:S>]S]__%+S/+QNJ_5_J;Z2ZS%RJ20VUA+"YO:RM[?I5V)*?3?K+TK+
MZ;TC*S.@Y%F(:JW&_'W%];JP/TCJF6^I]GNKK]^^C8@_6[)=5]7NG6&]U+G&
MN7BY]))-1.ME3+'/7$X?U[^L5$LR+QG8U@+;:+P"'-(VN;ZC=MK?;_+78?63
MJF/F_5CIN=AV68U-SQM;7D#&+=K7L=2ZUU=OJ>F]FS:DIQNG=+Z]U3'^TX%E
MM](<6;QGV#W""6^^MO[RU_\`F_\`63[+Z<6^I]F]/^FNG?\`:/7^GL_T'^%_
MZPL[I/URR>EXIQF-JR@7E_J9.<VQ^H`V[_29[/:MC_GSD_9O6^SXL_9_7C[2
M(GU_LFW=L^AM]WJ?Z3]$DI__T]OHUKS]=\AA+MOK9.ARZ+!H;/\`M'76,EG]
M3?\`HO\`"*AU\Y'3.MYE;"_T[PXM!SL:D;;1N]E%]7JL;59]#_BUJ4W]#Z=U
MJSJMW4+`Y]UOZL^AK3-EEV,[WA@NV57UVU>I_(_2(OUC/0^I]0K8_.=C958%
M3F-I983O:S(JEUS'?F7^WW)*;'U!>Y_3<@N))];OD59/YK/\)BMK8S^HY9OU
M^L<SJ6/M)$TZ[<NC&_.?_@\JNQ[_`.NM#ZM]0Z)T[IUKJ,Q^92Z]K'6^CLVV
M/&UE1;2QOTO3_._TE7^D5+ZPYOU>ZIE5W6]2LQ#76`6?9P_1P^T,L=ZU;GMW
M56-L24])T=Q;]7L9XT<,<.G>VS7;NGUJ@VJW^NQ5/J]EX'UDZ#C7YE=69:QH
MKR6W,:^+6@-L<6.;M;ZO\[_;3U=7Z3@8M/2[+K'V,HJ!/I$.VVEF/4]S6-]-
MFZRZIO\`;6#CT?5CI=8R>D9N7TZREE8R;FUV65N#VBRJS-INK?4WUZW>I5_,
M_P#!I*2_7GZJ=#JZ'D=1Q<=F)D8VUP-0V-<'.;6:WU#]'^>LTTWX?U$Z4'[F
M/LN?8`+ZL8[7^J^O])E-L8_<S:_8U;.:_IV3:RGKW4+LQE0KO^QMI]*LFPM&
M/Z]=0?=;N>^MOI^IZ?J(G7NH="ZKATTNS78;6$75_H)+V>E;<UU5=]?OJ=34
M[;95_P`'5_A$E-7ZK]3^KU/32SJEV,S(]1Q`R+Z,A^V&[?TU+&,V_P`A;O[4
M^JGI[O7P_3]/=/LCT_4]/=_Q?VGV_P#&KD&],Z`ZPULZT]SVN#7!N+68W'8T
M_P`U]'<K7V3HOV./VG9L^Q[M_P!GJ_FOM.[UOH;?Y[]!Z?\`Z,24_P#_U+/U
MF_HUG_AQW_M_U51ZU_RL[_C*?_;7`7D:22GWKZO_`/)>9_Z<\3\O3ER^#_0*
M_P#P_B_^>^H+RU))3[+A?\H87_A+I?\`[==,6)B_3PO^-/Y6+S5))3ZEF<T_
M^FW&_P#/03#^C6_^G/'_`//>>O+DDE/HM/\`-X7QQO\`S[F*U_V@_P#:9_[N
M+S!))3__V0`X0DE-!"$``````%4````!`0````\`00!D`&\`8@!E`"``4`!H
M`&\`=`!O`',`:`!O`'`````3`$$`9`!O`&(`90`@`%``:`!O`'0`;P!S`&@`
M;P!P`"``-@`N`#`````!`#A"24T$!@``````!P`(``$``0$`_^X`#D%D;V)E
M`&1``````?_;`(0``0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0("`@("`@("`@("`P,#`P,#`P,#`P$!`0$!`0$!`0$!`@(!
M`@(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#
M`P,#`P,#_\``$0@`40!+`P$1``(1`0,1`?_=``0`"O_$`*0```("`P$!`0``
M``````````@)``H$!@<%`PL!`0$!`0$````````````````!`@,$$```!@(!
M`04#!0H)#0$````"`P0%!@<!"`D`$1(3%!46%Q@AU9>W"B,D)59V-U<X>!HB
M-;5WN-@9.7DQ03(T1+1U)I9'68FYR1$``@$$`0,"!04```````````$1(3%!
M`A)1<3)A@?#1(D)2D:&QP8+_V@`,`P$``A$#$0`_`+_'0$Z`1S]HL_NIKO\`
MRSI3ZV(IU'8WIY&Y\>=^U;J_PP:T7K<TD)BU=U[0*%X?'$8/'5J1>LNJ=N9F
M9#@0#71_?7$XI(A2@SWU"HX`,9QVYSA@C4[-(25J;KW<'/CN4[[S[:LSM'-(
MJH>5$>J.J%)ZLILEZ9G<_,H:V8SR<(0+68L_[[FK^3G!J]=W6U/D(,?@Q<TV
MM5"N;S]JACK4K?>,Z)$IP-;(J=MBXZ4D:2DR(MN:CEFL38!.V$!($D2`2)!8
M"2#!>2R\!QCN]W'9T>!I]P6?[J[Q\?IBW)^D*DOZO/2"<V-YT"T"ISCEIR2T
MC2,ELR4Q24V8\VHX.%J/,6>Y"3(7N+0V(JT:-7$8;!VTMF+;8.D&66-(8?@\
MP[.3A!$`!=,MS5AQ]"$Z`__0O\=`3H!'/VBS^ZFN_P#+.E/K8BG4=C>GD4U[
M6VSM6^M:=):SL&$6DR\>^K;Y`:KGCC#B<)06#9A^5<FL!61(%A(XUF?I:^5+
M4T:1*1'A;T_?5&8!E<<6&&XAOJ?H\:PDT0GUYIL&L)4;)U^%7\<.J4$2+&6R
M9ARE"6H;32PJ,87Y<5'BB,7B6?A`:\1PE?:JR;GK1R<S6Y5M^U8.!S1)^-MU
M3(37-0V/VRC@0VD"&$YP.1.&LJDI"2(LE0,)JL96"PY"6/.,B^0(O\F8\&]/
MN.\_O!.XO_A.V7_ZUM+^J)TGT'!?D/7T=V3F^VFN<2N^Q*%E6M,JDCK+&]=4
M4T7N[E(&$F.21R8T2Y4K?(57SB84^I$(%A6!M9.`EG8P$1F.P8J8:AQ(7'0A
M.@/_T;_'0$Z`1S]HL_NIKO\`RSI3ZV(IU'8WIY&-HKJ-3VV'!W0&N-@1]O21
M*S:1$L,<6MM2%N4=G2N1/;RV6,T]W!.!2EHDF0+O%$+'F\X&2?D9)QH!,$;C
M9L6;PN;461H#M387#UN$M-;0AG3@3KW(UIAP6%-+GCO.Z>/,BM>$HS$(NIL4
M$N\>_P!#N/"@2?)65+ED)1=#6RE<D9WVI3\X7&'^6>P?\MZP='@:6V+>?5.9
M.@)T!.@/_]*P!^\I\8/XU7+]$3O\X=24;X;&QMGVB/CO>DN%S-G8AV1"&,L*
MQLH:4KTN3"\XP87A0E.-*R,&<_+CM[<?Y^DDX,`[D-Y@>+?>O6:=ZM2*W[YJ
MH$G?HDN725-KZY2!S9U4(EK;(A(3&%=(V/`C5*AI\N9@9Y8B>]G/9G..[E*-
M+79.3H.HO.;Q:ZG:U4[KDWVE=TU15%$$T232M91KBQJGPM.K5JL+3VDA^<RD
M(Q95]WN!/-QCN]O>^7I*(]=FY`0Y,MUN'#D:D=4V3[\]A*%N>JAC0(;1AU!+
MWUV>8N!4-W:61>G%+(XH3K8O)!97-2\E4$U&)0I#W!^,`1*A4MEV/&WOWGXS
MM_6#3DBU=PK[:YIJHCDP7>:-6IYAHK=>91BKLN+^Z,8K$2I8FM4G5D`XXM,:
MI(&<N,R6$DL`"^E`ELIH.5_>4^,'\:KE^B)W^<.DHG#8WN(_:`M#K`)4J8&R
M;/S9.B4%)%A\1UTFTD)2*C@>(2F4FLV%H"%!H/E"`6<"%CY<8Z23@S1/WE/C
M!_&JY?HB=_G#I*+PV)^\I\8/XU7+]$3O\X=)0X;'_].M9U@]!;:^S_R.0I^/
M3EN*(?GDDN,U.L<8V64Z+BP1]P/IJ[59Z]D``_`6I8<K2%&C-(\,8C"@"SGM
M#C.-(Y[W1548LYELV1GRN8M+.:^O@W!^FU@8ECZTEJU2@Q<N=Y5[,,4OF#J!
M:JR+*@29"M5&C,SG(<]HA8R=![O)5I7M==W(H94+]6FJ]:V"SZLL-I/;5JFP
MVNY5*PUE"@2!&NDBU@9ZJ/M*12M6[ILI0HV>-.2@*<Y`G#XH"33PUF-6HN#Q
MJGQIQB4[^ZL:MW_:L4=H5?D(>[$4G5@;:<;E92)`=:<>)@*QNLJF(Y)H+929
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M/U*?O63H3H#_U$(?#GL)^@FY?HPF_P`Q]8/1*ZE@+BGO:%Z>:E[F4U=%6;@!
MF^V,67PU*&%:NR"2,<%2AA$\AJ)Y5.:Z51]1(!JLS7"D:8"9)X6$V0>*/(\"
M#48V4M0!^BH/6:%:OV/5K#&]T)W=]N694V5EJ/VDKG'6.K*GASRXN$G21-B!
M9;^[OC^^F+2E"H(UR$M7A&G3AR1@!AIPLN1JFP6\\6FW(D1N[346WLK1R'JD
MZT?'W0O4A4\N4!L1#-F9VC,B?8DZSL$7M&NI&R/;PF>VQ5X"A"0F`H0=]SRA
M4(J92I%#ELAY`K0GV^O'GL?=M)6]8`]644]:+?MJMM7Y]`/;%)8*5\;&M-&H
M0^*71Z<&R`HW("DP]08V"6+%BX*=O)`$HQ3"Q1I,]:CMW8GJCRL7MMG7VN&Y
M-ITELRWV`1:KJZ4:Y165QM[FUE@GK.LK6&&FJ,.L?BK<T-[>KR[.B-8YG'JU
M)1"0)*=,>R1J=4I4@%I+@VAIF2U))4,]W[W&<JHV5K*\(U%K1C>P++2C;'*U
M='ER&B61*;/4F.<K*FOG$Q)BPMM((CB<H_"56X&*^^E&H7H-<K_=:@8UR-[7
M[^/-5[Q&E[5:Y1^HF:NFO5-Y.<*O4HH=2D;D9<S=%<L1H'YP5NE4%*&\30(]
M+A*([!YI9N2@BN3+7TI%5>1ZTW.AD+\BC%07C(8TC>71+'G]QIB:QYP?&-.N
M/):7A>P`3/0&-:YH`%G&H\+%>$PQY+P<;W>^*&Y/%^'/83]!-R_1A-_F/J%E
M=3__U?MN->BYJV[VO:RMFY<Q%LNQUXHC&-)O]L9#DL?*1VE)$`6P$08J8=62
M()FXWN)@-R54H2(>P*<HTP`0B%DZJR+!4-V7;KEX/9I82.T42A\KJIWFL97.
MX]=\Z\\TO5?.[:SMJYUO'$*23\,H<X:8U.#@YY9A+!J5X\Y";@7BCN#$1L+A
MUTB\HV*XLMEYK#;RM&1S.B[QS9+?((UN[?;@=[.,->QC,]89!91U;HI6B8$$
M+<%KP!G3LR\HUP1$#`86(XWL8-.FR#ZX'=J6*PZONFGGJWVVP'ZN9"GLA(X.
M][3J[Y&CADG;R&QURY2RPX%!%K='F1Y8,&%$]Y4$HQP-$(98,@#T1-ED6CK5
M9IV\7)`^RU#L-+15>TS>:["39LK?<Z_0Q^/U!73EAW0Y,J<54QF/(XJY*,-#
M6O0>H$A`6XCQ@8S.S`A71!4<95TMO,_?6V%K[,3B4N]<5*^1QFH;3MNFK_#J
MYCU=R8^2#3SRQHG%75I+M>4JBF<E(:I<S5J-*I,4AR2$DU`6052;+BE`57)/
MJG:VKFI%[7?QW7#9%$+(76<D<K0IH,J>IW54JJ]"PJ4LT?8/';`52H--V+#(
MH`;DB=(P-K"86W"+-*R:,"@L1.6DSFO+A8KC%N/K3&1+;5?8"Y/;C6?GY*GO
M^QJ,<GU6KI-U7*B5\N@42FSU(C5)X<J#$JHHLH9@?&$9DP`<",NMV*2UTU=W
MMVTK\ZTM=YK:=FP%/(7&*'2-KY1[E:TP)`T)F]8XMN4TCK-F<,FI4SJG'D6"
M<EYP;CL%G.,XQ#3:5_X&(?V?G)#[K?9_REH^TGPT>PG9_:,3KS7O#^,7WG=S
MVC]D_']3]U'\+V@[GC^3_`?<\'[IU3,KK^Q__]8VH8T/=Z\G&V]&HKQV%RME
M<QW?8H_&H]R5QH],QR!O%9:J,E1*F$5+!>*T-8'M`F]/)-<7#$5P4#QL+0IA
M@-F3I;5.#"TQV54XT]Y$Z-?KFM!?)FZK$]K1]UDW(Y![(LR-EL[XT0J<>@6<
M13<=54LD0*G-E"8I4MKL0(\X0<@)'G[H#NG`U'@4D)\MUMN<YQGDZL@(+I/1
M"76)M2Q[;KDQ`X'$A#;4TP98%`4L>;A8-R/+48E/%WS!'^)V'8`$B;W5!/EX
MSRQ>./;78^L_>Y?CJRS.N+(A$1!</)]#$)B6"VTQ'F0ZPH7")I1"MSALMB3F
M`K#2Y&+G$YM/2'=HEF/$`:L6Z5!MO##0+M)=6+@LRPI[=\T;]D0O-?QDVSML
MB-JVI-7+`A>8RZO\$DK57E;M4=4/TJ=W-&X$EE+!FB9$HO&!V9+Z(FSJ49+7
MKC:?C<V:D\'5/=BT=<=<.SD@9IM#'B0PE;(HV8K-(;Y5$9"TJD*EUALN1)PG
M%"+-&2<6+))P>^`PL,.E&@SZAYVN0Z`F+V&S+43;*U/)VQ;&Y]5%WL;0^-<N
MBCR@/9GYH]KFE"T3QF.<&98<4$TAQR3@P>!G$*,!R`22/5%DCD?VA@-[\9.E
M5_TM*[`IR`6%,6DED:X)M@PZI/$=%'H3-HN]UXYSQV@4^12U/#9#'53>-`2E
M(\4Y#A2$S`2^X*X,)1LTP%M3.8ZQ]2*M456RL]778C42IVEF9EL7R6Q"R+`*
M.=T;4C&RDR%)5$;*!'D(6H)B9-Y?.2C3C1=\7?[,)*]9<U&0?VXMF>[CVY]S
M^K?F?A[]]'D_C!8/2_4?BL^'?TGUCV2\/V9](^_O5NYW/6?P9X??^Z]))Q[G
M_]=I&G$F>E?-K;3.H<'XUO*NS;\D"53O5JG8C8$M*OL?!`"]:H;`FV[6`HK!
M>/#;5;F8NCW9@+@,[*<[O3)M^*!'WZ.GVI^[>Q\79U4R-BUD(I2Z,Z9TY*-*
MJ&:540NAI&^9!'ZKM2H3)_%FF"RQ8:F;`K%*LLPYD+&$T\@6.]#2JD.1X$'I
MR>]<;C4.:MT6&DW8826-UVAHG:DX)?L)$1]PN84'%8G&XZ5WA9SZ:L),78SV
MG]_PC2PXJ,[W0$7/:_NC#LG4.&I6\H<K*13F*AL^\^J&JN%`B9U,"RLJ8G?<
M!E<FDPR@9S@+DD/+0XQGP,`P:48(1C3(]+3UR6(>/BCWM$::F<R=<&9[*5#G
M$,M%2%US$1N0EQUAP-L:X-.E9B\63C'1M2$H5QF<F@!@(NSJX,OR![X]+:H7
ME'T-HV?75#JOV"F<:C#=7]U-=J0*!S4]MN.*M3<US-S<H\YL2IE9C9T(@A_3
MEIDY).4+F1@(`=W)8)<KG5N!;?.5Q1Z.1+2&W]FJFIV'4':5/9BK^W+JM;4L
M.BDH22*=QR(KXI((2W#1Q+RZW$F\1&>D2IEJ=622`!@B,F)C31==G*0%IT.G
M5*<$>@:5\+?(\]3"XIQ8!"%)LU1>IZTN+SU5:TFB"DZ7W]%Y;'),F?(LJ1.1
M3>B()6Y+5@.[WA$F8%,&K[,.;C"V9X^85K<N9]M[.UK8;4%9<H6IT-[[&ZM[
M,3;,3/:HT6T'E6-6<4C<<(8S%A*O!#:)/E2E,":,8\A.!C%1EIS2PU?XHN*C
MV;]4]ZNF?LI[O?:7S?CUAZ+[L/>M['^I]OE?*^R'OG^\NWL\MZ_\G9YCY>E"
M1L?_T'#1*<Z.ZR[HR[;N;;?6`0\R:WK?P"D)/K1"H@L3O%EV]<E*N:-+)$$,
M;[$6QR!VO#'QC5/2A7Y?S;:'SZCNJ`C,ANK40;KR,F:/[3[`1!@=]KI!3MQ0
MYL8JY>8U':%K^R5;\1,8I"+C@!K@]V)$'9,W(S8Y;)(D`TZW"96I4*4X,"4I
MQ@Z!2L'2>-W8'2O6K7B>.T"V5G.P$#>;XC,7=9L'7DN&9C%AS9B6,,6@KDRU
MG"&E*0I>%\*"04H7DA'YUX;$XC,87HL&"--NP+O(7=7'IMC9D.FDMW6L&@U,
M2KAA:E$>,U/;ID<-DDC>;;<>ECG[RJR>)0TMSQ7\M1.Q0B0!0A;U:00^XJ5E
M%&"I-8&=Q7;K5+7JKJ[U)E%BV$^2I@H2FTRD_%./;0_FQ.WGN$5#`I(],\;C
M9$2BZQ]F-EL2$Q*5@M.B6.8"A!!DA4$@2&ZH4]`()QD:FL1-H:8;0[<:BRVN
MH76K5=MEM%2VS:%:2AKF<6;9I`);LW6=EU](X0UBL^).F'IC.1BCI025><(0
MD*#"R<C57=)A'W*ZZZ6E*(Y".0S;^Y=A(Y!D527$3K7'*"3T[6#VLLM<QH*C
M.M6&0)!*+%L%4ZR64-2!*TK'H+0G=UI2=8FP,[)?0BG"-LWMO_13;JGZ\@Z[
M9F4Z^-$;5(;7AYP=<@OB^<P$5%6W9+$\5_#+4@"L$D@;I6\!6K$+LP)%!(U9
MS<V8,"L<"4@Q$FL"LD.M6@CJ^KXTS<FDY>WMI?V6/.R!ETQI1T-;%$@?%D<:
MW%8)'4YI9;&H=2"`868SDC('!(/&<@.P+#W-5_$[U[JM+O='Y?XYY_Z#\%_M
M#[1_"[1_YJ/C>]3]Y/D_8[TOSGO*_P"5/1^SP?\`:O`]0_A="5Z9/__1[=R6
M?FYE_P"V3*O_`*R\LO4.B^/T/&W._6P>/YRZ&_H)Z`]!A#8./S]6+8__`!1]
M&O\`>^-[H1W781#2'YB(5^WWIM]4_(AU#;O[!Q4K^L%J]^P]PN?T]N+WH1V?
M=_V+&JK^.=8/YV'G^787T-/)UBX/]9K?_#1U(^H]JZ&?F8:/\V5A?XG>K'U2
H[_="Y]@<X9_$.LW_`!K3GZ^-Q^A>IWW_`+"_^K?_`/2;I\C.?]'_V3\_
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
