-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 LhWSatUxPbsqbxIiT7SISGhK53N6ewExRPDTEn9OraY/TxZzyeO8qpuEie1xaEBM
 iyR4GwKHu7CTcPEJekHWqA==

<SEC-DOCUMENT>0001021231-05-000154.txt : 20050223
<SEC-HEADER>0001021231-05-000154.hdr.sgml : 20050223
<ACCEPTANCE-DATETIME>20050223093158
ACCESSION NUMBER:		0001021231-05-000154
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		15
CONFORMED PERIOD OF REPORT:	20050223
FILED AS OF DATE:		20050223
DATE AS OF CHANGE:		20050223

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			STMICROELECTRONICS NV
		CENTRAL INDEX KEY:			0000932787
		STANDARD INDUSTRIAL CLASSIFICATION:	SEMICONDUCTORS & RELATED DEVICES [3674]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			P7
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13546
		FILM NUMBER:		05632957

	BUSINESS ADDRESS:	
		STREET 1:		39 CHEMIN DU CHAMP DES FILLES
		STREET 2:		1228 PLAN-LES-OUATES
		CITY:			GENEVA
		STATE:			V8
		ZIP:			00000
		BUSINESS PHONE:		011 41 22 929 2929

	MAIL ADDRESS:	
		STREET 1:		39 CHEMIN DU CHAMP DES FILLES
		STREET 2:		1228 PLAN-LES-OUATES
		CITY:			GENEVA
		STATE:			V8
		ZIP:			00000

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SGS THOMSON MICROELECTRONICS NV
		DATE OF NAME CHANGE:	19950310
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>b783299-6k.htm
<TEXT>
<html>
<head><title>
Prepared and filed by St Ives Burrups
</title>
</head>
<body bgcolor="#FFFFFF">







 <p>&nbsp;</p>
 <table width="100%" border="0" cellspacing="0" cellpadding="0">
   <tr>
     <td height="4" valign="bottom" bgcolor="#000000"></td>
   </tr>
   <tr>
     <td height="2" valign="top"></td>
   </tr>
   <tr>
     <td height="1" valign="top" bgcolor="#000000"></td>
   </tr>
 </table>
 <p align="center"><font size="2" face="Arial"><font size="4"><b>SECURITIES AND
         EXCHANGE COMMISSION</b></font><b><br>
  Washington, D.C. 20549</b></font></p>
 <p align="center"><font size="5" face="Arial"><b>FORM 6-K</b></font></p>
 <p align="center"><font size="2" face="Arial"><b>REPORT OF FOREIGN PRIVATE ISSUER<br>
  PURSUANT TO RULE 13a-16 or 15d-16 OF<br>
  THE SECURITIES EXCHANGE ACT OF 1934</b></font></p>
 <p align="center"><font size="2" face="Arial"><b>Report on Form 6-K dated February
       23, 2005</b></font></p>
 <hr align="center" width="150" size="2" noshade>
 <p align="center"><font size="5" face="Arial"><b>STMicroelectronics N.V.</b><br>
 </font><font size="2" face="Arial">(Name of Registrant)</font></p>
 <p align="center"><font size="2" face="Arial">39, Chemin du Champ-des-Filles<br>
  1228 Plan-les-Ouates, Geneva, Switzerland<br>
  (Address of Principal Executive Offices)</font></p>
 <hr align="center" width="150" size="2" noshade>
 <p align="left"><font size="2" face="Arial">Indicate by check mark whether the
     registrant files or will file annual reports under cover of Form&nbsp;20-F
     or Form 40-F:</font></p>
 <p align="center"><font size="2" face="Arial">Form 20-F <img src="tickedbox.gif" width="12" height="12">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form
     40-F&nbsp;<img src="emptybox.gif" width="12" height="12"></font></p>
 <p align="left"><font size="2" face="Arial">Indicate by check mark if the registrant
     is submitting the Form 6-K in paper as permitted by Regulation S-T Rule
     101(b)(7):</font></p>
 <p align="center"><font size="2" face="Arial">Yes&nbsp;<img src="emptybox.gif" width="12" height="12">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;<img src="tickedbox.gif" width="12" height="12"></font></p>
 <p align="left"><font size="2" face="Arial">Indicate by check mark whether the
     registrant by furnishing the information contained in this form is also
     thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b)
     under the Securities Exchange Act of 1934:</font></p>
 <p align="center"><font size="2" face="Arial">Yes&nbsp;<img src="emptybox.gif" width="12" height="12">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No <img src="tickedbox.gif" width="12" height="12"></font></p>
 <p align="left"><font size="2" face="Arial">If &#8220;Yes&#8221; is marked,
     indicate below the file number assigned to the registrant in connection
     with Rule 12g3-2(b): 82- __________</font></p>
<p align="left"><font size="2" face="sans-serif">Enclosure:  Shareholder materials
    for STMicroelectronics&#8217; Annual General Meeting of Shareholders (&#8220;AGM&#8221;)
    of March 18, 2005, including: (i) AGM Agenda; (ii) Managing Board Report
    to the AGM;  (iii) Supervisory Board Report to the AGM; (iv) Personal data
    of Proposed sole member of the Managing Board, Carlo Bozotti; Personal
    data
    of Proposed COO, Alain Dutheil; Proposed Supervisory Board Member Data Forms;
    (v) Proposed AGM Resolutions; (vi) Proxy Appointment and Voting Instruction
    Card; (vii) Compensation Policy; (viii) Dividend and Retained Earnings Policy;
    (ix) Deed of Amendment to the Articles of Association; (x) Annual Statutory
    Accounts of STMicroelectronics N.V. (Dutch holding company) for the year
    ended December 31, 2004 (Dutch GAAP) ; (xi) Consolidated Financial Statements
    of STMicroelectronics N.V. for the year ended December 31, 2004 (US GAAP).</font></p>

 <p>&nbsp;</p>
 <table width="100%" border="0" cellpadding="0" cellspacing="0">
   <tr>
     <td height="1" valign="top" bgcolor="#000000"></td>
   </tr>
   <tr>
     <td height="2" valign="top" bgcolor="#FFFFFF"></td>
   </tr>
   <tr>
     <td height="4" valign="bottom" bgcolor="#000000"></td>
   </tr>
 </table>

 <div style="page-break-before:always"></div>
<page>
<font size="4" face="Arial, Helvetica, sans-serif"><br>
<p align="left"><font face="sans-serif"><img src="stmicro-st.gif" width="577" height="52"></font></p>
<p align="center"><font size="2" face="sans-serif"><b>Annual General Meeting of Shareholders</b></font></p>
<p align="center"><font size="2" face="sans-serif"><b>2005</b></font></p>
<p align="center"><font size="2" face="sans-serif"><b><u>Agenda</u></b></font></p>
<p align="left"><font size="2" face="sans-serif"><b>Annual General Meeting of Shareholders of STMicroelectronics N.V., established in Amsterdam, the Netherlands, to be held on March 18, 2005 at 10.30 a.m. at the Pulitzer Hotel, Amsterdam, the Netherlands.</b></font></p>
<table width="100%" cellspacing="0" cellpadding="0" border="0">
  <tr valign="top">
    <td width="3%"></td>
    <td width="3%" valign="top"><font size="2" face="sans-serif"> 1.</font></td>
    <td colspan="2"><font size="2" face="sans-serif"> Call to order and opening.</font></td>
  </tr>
  <tr valign="top">
    <td></td>
    <td valign="top">&nbsp;</td>
    <td width="2%">&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td></td>
    <td valign="top"><font size="2" face="sans-serif">2.</font></td>
    <td colspan="2"><font size="2" face="sans-serif">Report of the Managing Board on
      the 2004 financial year and discussion thereof. </font></td>
  </tr>
  <tr valign="top">
    <td></td>
    <td valign="top">&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td></td>
    <td valign="top"><font size="2" face="sans-serif">3.</font></td>
    <td colspan="2"><font size="2" face="sans-serif">Report of the Supervisory Board
      on the 2004 financial year and discussion thereof.</font></td>
  </tr>
  <tr valign="top">
    <td></td>
    <td valign="top">&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td></td>
    <td valign="top"><font size="2" face="sans-serif">4.</font></td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td></td>
    <td valign="top">&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td></td>
    <td valign="top">&nbsp;</td>
    <td><font size="2" face="sans-serif">a.</font></td>
    <td><font size="2" face="sans-serif">Discussion on and adoption of the annual accounts
      for the 2004 financial year;</font></td>
  </tr>
  <tr valign="top">
    <td></td>
    <td valign="top">&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td></td>
    <td valign="top">&nbsp;</td>
    <td><font size="2" face="sans-serif">b.</font></td>
    <td><font size="2" face="sans-serif">Retained earnings, dividend policy and adoption
      of a dividend of $0.12 per common share;</font></td>
  </tr>
  <tr valign="top">
    <td></td>
    <td valign="top">&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td></td>
    <td valign="top">&nbsp;</td>
    <td><font size="2" face="sans-serif">c.</font></td>
    <td><font size="2" face="sans-serif">Discharge of the sole member of the Managing
      Board; and</font></td>
  </tr>
  <tr valign="top">
    <td></td>
    <td valign="top">&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td></td>
    <td valign="top">&nbsp;</td>
    <td><font size="2" face="sans-serif">d.</font></td>
    <td><font size="2" face="sans-serif">Discharge of the members of the Supervisory
      Board.</font></td>
  </tr>
  <tr valign="top">
    <td></td>
    <td valign="top">&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td></td>
    <td valign="top"><font size="2" face="sans-serif">5.</font></td>
    <td colspan="2"><font size="2" face="sans-serif">Appointment of the new sole member
      of the Managing Board.</font></td>
  </tr>
  <tr valign="top">
    <td></td>
    <td valign="top">&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td></td>
    <td valign="top"><font size="2" face="sans-serif">6.</font></td>
    <td colspan="2"><font size="2" face="sans-serif">Appointment of the members of
      the Supervisory Board.</font></td>
  </tr>
  <tr valign="top">
    <td></td>
    <td valign="top">&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td></td>
    <td valign="top"><font size="2" face="sans-serif">7.</font></td>
    <td colspan="2"><font size="2" face="sans-serif">Appointment of PricewaterhouseCoopers
      N.V. as the Company&#8217;s Auditors.</font></td>
  </tr>
  <tr valign="top">
    <td></td>
    <td valign="top">&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td></td>
    <td valign="top"><font size="2" face="sans-serif">8.</font></td>
    <td colspan="2"><font size="2" face="sans-serif">Approval of the compensation
        policy  for the Managing Board.</font></td>
  </tr>
  <tr valign="top">
    <td></td>
    <td valign="top">&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td></td>
    <td valign="top"><font size="2" face="sans-serif">9.</font></td>
    <td colspan="2"><font size="2" face="sans-serif">Approval of the compensation of
      the members of the Supervisory Board.</font></td>
  </tr>
  <tr valign="top">
    <td></td>
    <td valign="top">&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td></td>
    <td valign="top"><font size="2" face="sans-serif">10.</font></td>
    <td colspan="2"><font size="2" face="sans-serif">Approval of the amendment
      to the Company&#8217;s existing 2001 Employee Stock Option Plan.</font></td>
  </tr>
  <tr valign="top">
    <td></td>
    <td valign="top">&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td></td>
    <td valign="top"><font size="2" face="sans-serif">11.</font></td>
    <td colspan="2"><font size="2" face="sans-serif">Approval of the new three-year
      Stock-based Compensation Plan for members and professionals of the Supervisory
      Board.</font></td>
  </tr>
  <tr valign="top">
    <td></td>
    <td valign="top">&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td></td>
    <td valign="top"><font size="2" face="sans-serif">12.</font></td>
    <td colspan="2"><font size="2" face="sans-serif">Amendment to the Articles of Association
      (including authorization to execute the deed of amendment) required by changes
      in Dutch law and corporate governance standards.</font></td>
  </tr>
  <tr valign="top">
    <td></td>
    <td valign="top">&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td></td>
    <td valign="top"><font size="2" face="sans-serif">13.</font></td>
    <td colspan="2"><font size="2" face="sans-serif">Tribute to outgoing President
      and Chief Executive Officer, Mr. Pasquale Pistorio.</font></td>
  </tr>
</table>
<p align="center"><font size="2" face="sans-serif">1</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<font face="sans-serif"><page>
<p align="left"><img src="stmicro-st.gif" width="577" height="52"></p>
</font>
<table width="100%" cellspacing="0" cellpadding="0" border="0">
  <tr valign="top">
    <td width="3%"></td>
    <td width="3%"><font size="2" face="sans-serif"> 14.</font></td>
    <td colspan="2"><font size="2" face="sans-serif"> Question time. </font></td>
  </tr>
  <tr valign="top">
    <td></td>
    <td>&nbsp;</td>
    <td width="2%">&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td></td>
    <td><font size="2" face="sans-serif">15.</font></td>
    <td colspan="2"><font size="2" face="sans-serif">Close.</font></td>
  </tr>
</table>
<p align="left"><font size="2" face="sans-serif">Copies of this agenda; the proposed
    resolutions; the annual accounts; the report of the Supervisory Board; the
    report of the Managing Board; the draft deed of amendment to the articles
    of association
  (as well as an unofficial English translation thereof); the personal data forms
    of Messrs. Bozotti and Dutheil and the personal data forms of the proposed
    members
  of the Supervisory Board as referred to in Section 2:142, subsection 3 of the
    Dutch Civil Code; the retained earnings and dividend policy; the compensation
    policy for the sole member of the Managing Board; the dividend and retained
    earnings policy; the proxy forms; and other information included pursuant
    to
  law and the proposed resolutions will be deposited for inspection by the shareholders
    and other persons entitled to attend the meeting at the offices of Netherlands
    Management Company B.V. (Locatellikade 1, 1076 AZ Amsterdam, the Netherlands),
    at the offices of Cr&eacute;dit Agricole Investor Services Corporate Trust
    S.N.C. (14, Rouget de Lisle, 92862 Issy-les-Moulineaux, Cedex 09), at the
    offices of
  the Company in New York (Corporate Information Office, 780 Third Avenue, 9th
    Floor, New York, New York 10017, United States of America) and at the offices
    of Banca Intesa S.p.A. (Centro Amministrativo Elettronico, Via Langhirano
    1,
  CAP 43100 Parma, Italy) as of February 17, 2005 up to and including the date
    of the meeting. The documents are also available on the Company's internet
  site <u>www.st.com</u> and in print at the Company&#8217;s registered offices.</font></p>
<p align="center"><font size="1" face="sans-serif">ST Mission: to offer strategic independence to our<br>
  partners worldwide, as a profitable and viable<br>
broad range semiconductor supplier.</font></p>
<p align="center"><font size="2" face="sans-serif">2</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<font face="sans-serif"><page>
 <p align="center"><img src="st.gif" width="108" height="65"></p>
<p align="center"><b><font size="4">REPORT FROM OUR MANAGING BOARD<br>
  TO OUR SHAREHOLDERS</font></b></p>
</font>
<p align="left"><font size="2" face="sans-serif">2004 was a year of significant progress
  for STMicroelectronics as we moved ahead, adjusting to the new conditions in
  the industry that have arisen from the dramatic market upheaval that began in
  2001. We are now faced with increased competitive pressure from newer Asian
  players that, combined with a stronger than ever Euro, have irreversibly changed
  the environment in which our company operates. In this new environment, we are
  continuing to improve our market position through ongoing strategic initiatives,
  commenced in 2002, designed to enhance our competitive capabilities.</font></p>
<p align="left"><font size="2" face="sans-serif"><b>FINANCIAL HIGHLIGHTS <sup>a</sup></b></font></p>
<p><font size="2" face="sans-serif">Recapping the financial results of the past
    year, we generated strong growth on many fronts against a background of competitive
    pricing and currency pressures. In the course of 2004 ST&#8217;s net revenues
    grew successively each quarter and totaled $8,760 million for the full year,
    an increase of 21.0% over net revenues of $7,238 million in 2003. Our revenue
    performance in 2004 set a new company record, eclipsing by 12% the previous
  high of 2000. </font></p>
<p align="left"><font size="2" face="sans-serif">Gross profit was $3,228 million or 36.8% of net revenues, an improvement over the $2,566 million gross profit or 35.5% of net revenues in 2003. Operating income was $683 million, or 7.8% of net revenues, which compared favorably to the $334 million or 4.6% of net revenues in 2003.</font></p>
<p align="left"><font size="2" face="sans-serif">Summarizing research and development
  performance for the year, our costs for 2004 were $1,532 million, or 17.5% of
  net revenues, compared to $1,238 million, or 17.1% of net revenues in 2003.
  Selling, general and administrative expenses were $947 million, or 10.8% of
  net revenues in 2004, compared to $785 million, or 10.8% of net revenues in
  2003. </font></p>
<table width="100%" cellpadding="0" cellspacing="0">
  <tr valign="top">
    <td align="left"> <hr width="175" align="left" size="1"> </td>
  </tr>
  <tr valign="top">
    <td><p align="left"><font size="1" face="sans-serif"><sup>a</sup> The financial
        highlights in this report are based on the US GAAP consolidated financial
        statements. </font></p></td>
  </tr>
</table>
<p align="center"><font size="2" face="sans-serif">3</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<font face="sans-serif"><page>
</font>
<p align="left"><font size="2" face="sans-serif">Net income for 2004 was $601 million,
  or $0.65 per diluted share, more than twice the level of 2003, where net income
  was $253 million, or $0.27 per diluted share. (2003 net income included higher
  levels of impairment, restructuring and other related closure costs, research
  and development in process, as well as non-operating pre-tax charges related
  to bond repurchases).</font></p>
<p align="left"><font size="2" face="sans-serif">During 2004 the impact of currency
  fluctuations were particularly significant on our company, since our sales are
  almost totally linked to the US dollar, while a disproportionate portion of
  our expenses are denominated in Euro. The speed of change in the currency exchange
  rate over the course of 2004 was such that corrective measures taken by the
  company could not significantly offset its effect, and consequently our ability
  to leverage on the improvement in our top line was partially impaired. The weakening
  dollar in 2004 resulted in a deterioration of our gross margin by about 200
  basis points compared to 2003 while at the operating margin level the impact
  of currency fluctuations had a negative impact of nearly 350 basis points.</font></p>
<p align="left"><font size="2" face="sans-serif">At December 31, 2004, ST had
    cash and cash equivalents of $1.95 billion. Total debt was $1.96 billion;
    net financial
  debt was $8 million while shareholders&#8217; equity was $9.11 billion. </font></p>
<p align="left"><font size="2" face="sans-serif">Net cash from operating activities
    in 2004 equaled $2,342 million, compared to $1,920 million in 2003. Capital
    expenditures were $2,050 million for the full year. Net operating cash flow &#150; defined as net cash from operating activities ($2,342 million) minus
  net cash used in investing activities ($2,134 million) excluding payments for
  purchase of and proceeds from the sale of marketable securities ($0)
  &#150; was favorable
  by $208 million for the full year 2004, demonstrating the continued emphasis
  we place on cash generation.<font size="1"><sup>b</sup></font></font></p>
<p align="left"><font size="2" face="sans-serif">The number of our full-time employees
  increased in 2004 by approximately 3,800 people mainly through new hires in
  manufacturing, to reach approximately 49,500 people compared to approximately
  45,700 people in 2003. </font></p>
<p align="left"><font size="2" face="sans-serif"><b>A CLOSER LOOK AT OUR REVENUE GROWTH</b></font></p>
<p align="left"><font size="2" face="sans-serif">We strengthened relationships with
  our top strategic customers and alliances, while successfully enlarging our
  overall customer base in 2004. Specifically, revenues generated from our twelve
  strategic customers and alliances increased 11% year over year, and represented
  39.5% of total revenue, compared to 43% in 2003, as we worked diligently to
  expand our customer base. Our efforts to expand the customer base resulted in
  a year over year increase in revenues of 31% from those customers outside our
  traditional top 50 customers.</font></p>
<table width="100%" cellpadding="0" cellspacing="0">
  <tr valign="top">
    <td width="20%"> <hr width="200" align="left" size="1"> </td>
    <td> <p>&nbsp; </p></td>
  </tr>
  <tr valign="top">
    <td colspan="2"><p><font size="1" face="sans-serif"><sup>b</sup> We believe net operating
        cash flow provides useful information for investors because it measures
        our capacity to generate cash from our operating activities to sustain
        our investments for our operating activities. Net operating cash flow
        is not a U.S. GAAP measure and does not represent total cash flow since
        it does not include the cash flows generated by or used in financing activities.
        In addition, our definition of net operating cash flow may differ from
        definitions used by other companies.</font></p>
</td>
  </tr>
</table>
<p align="center"><font size="2" face="sans-serif">4</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<font face="sans-serif"><page>
</font>
<p><font size="2" face="sans-serif">&nbsp;Year over
  year revenue growth was driven primarily by wireless, digital consumer and
    automotive applications, which all grew faster than the company average.
    These targeted
  markets for ST are all applications in which the company&#8217;s product leadership
  is well known and expected to continue. Specifically, revenues from wireless
  handset applications grew 23% to $2.1 billion; digital consumer improved by
  27% to $1.3 billion; and automotive sales grew 25% to reach $ 1.3 billion.
  Importantly,
  revenue for all product groups grew versus one year ago and all posted a positive
  operating income.</font></p>
<p><font size="2" face="sans-serif">&nbsp;While
  our top line was driven up by a solid increase in unit demand this was offset
  in part by pricing pressure caused by overcapacity in the industry. </font></p>
<p><font size="2" face="sans-serif"><b>FOCUSED ON OUR STRATEGIC INITIATIVES</b></font></p>
<p><font size="2" face="sans-serif">I would like to reiterate that our performance
  over these recent years has been achieved by remaining committed to our historical
  strategic choices:</font></p>
<table width="100%" border="0" cellpadding="0" cellspacing="0">
  <tr valign="top">
    <td align="center"><font size="2" face="sans-serif"><b>1.</b></font></td>
    <td colspan="2"><font size="2" face="sans-serif"><b>Innovation, </b>driven by the
      market, through strategic alliances</font></td>
  </tr>
  <tr valign="top">
    <td width="3%" align="center"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td colspan="2">&nbsp;</td>
  </tr>
  <tr>
    <td align="center"><font size="2" face="sans-serif"><b>2.</b></font></td>
    <td colspan="2"><font size="2" face="sans-serif"><b>Globalization,</b> through
      an integrated presence in every major macro-economic system in the world</font></td>
  </tr>
  <tr>
    <td align="center">&nbsp;</td>
    <td colspan="2">&nbsp;</td>
  </tr>
  <tr>
    <td align="center"><font size="2" face="sans-serif"><b>3.</b></font></td>
    <td colspan="2"><font size="2" face="sans-serif"><b>Productivity drive, through
      TQM</b></font></td>
  </tr>
  <tr>
    <td align="center">&nbsp;</td>
    <td colspan="2">&nbsp;</td>
  </tr>
  <tr>
    <td align="center"><font size="2" face="sans-serif"><b>4.</b></font></td>
    <td colspan="2"><font size="2" face="sans-serif"><b>Product Portfolio positioning</b>,
      as follows:</font></td>
  </tr>
  <tr>
    <td align="center">&nbsp;</td>
    <td width="3%" align="right">&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td align="center">&nbsp;</td>
    <td align="center"><font size="2" face="sans-serif">a)</font></td>
    <td><font size="2" face="sans-serif"><b>portfolio mix</b> comprised of about 2/3
      of differentiated products and 1/3 of standard products;</font></td>
  </tr>
  <tr>
    <td align="center">&nbsp;</td>
    <td align="center"><font size="2" face="sans-serif">b)</font></td>
    <td><font size="2" face="sans-serif"><b>segment priorities</b> on wireless, consumer
      digital, computer peripherals, automotive, and smartcards;</font></td>
  </tr>
  <tr>
    <td align="center">&nbsp;</td>
    <td align="center"><font size="2" face="sans-serif">c)</font></td>
    <td><font size="2" face="sans-serif"><b>product priorities</b> on power devices,
      analog products, and non-volatile memories.</font></td>
  </tr>
</table>
<p align="left"><font size="2" face="sans-serif">These strategic guidelines have served
  the company well over the last nearly 18 years, and will continue to be the
  backbone of our strategic positioning.</font></p>
<p align="left"><font size="2" face="sans-serif">Furthermore, in 2002 we launched three
  additional strategic directives to confront the increasingly competitive environment
  and the weakness of the dollar. These directives are as follows:</font></p>
<table width="100%" border="0" cellpadding="0" cellspacing="0">
  <tr valign="top">
    <td width="3%" align="center"><font face="sans-serif">&#8226;</font></td>
    <td><font size="2" face="sans-serif"> <b>Improving our cost structure</b> by
        shifting the geographic balance of manufacturing and certain non-manufacturing
        activities towards non Euro-zone areas. Within this framework, we are
        moving ahead on our 6&#8243;restructuring program, and we are progressively
        increasing our manufacturing presence in Asia. At the same time, we are
        hiring an increasing number of engineers in Emerging Markets &#150; like
        China and India &#150; first to better serve the needs of these rapidly
        growing markets and, second, to re-balance the cost structure of our
      engineering population. </font></td>
  </tr>
</table>
<p align="center"><font size="2" face="sans-serif">5</font></p>
  <hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<font face="sans-serif"><page>
</font>
<table width="100%" border="0" cellpadding="0" cellspacing="0">
  <tr valign="top">
    <td align="center">&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td width="3%" align="center"><font face="sans-serif">&#8226;</font></td>
    <td><font size="2" face="sans-serif"><b>Improving our product portfolio</b> with
      an increased focus on research and development investments in strategic
      technology and product areas, and selectively pruning marginal families
      with the goal of improving our return on capital invested.</font></td>
  </tr>
  <tr valign="top">
    <td align="center"></td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td align="center"><font face="sans-serif">&#8226;</font></td>
    <td><font size="2" face="sans-serif"><b>Expanding our customer base</b> beyond
        the traditional top fifty customers, leveraging our portfolio with little
        incremental marketing and design costs. Over the years, we have been
        serving
      our top fifty customers and, in particular, our twelve strategic partners.
        We will not change this winning strategy. But in the past, we were addressing
        the universe of customers
      beyond those top customers in a reactive mode rather than in a proactive
        way. Since 2002, we have been addressing this market more aggressively,
        launching a wide-ranging campaign that includes enhanced sales force
        coverage,
      new competence and application centers, improved electronic business tools,
      and the design of new products specifically tailored for this market.</font></td>
  </tr>
  <tr valign="top">
    <td align="center"></td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td colspan="2" align="left"><font size="2" face="sans-serif">I am pleased to report
      solid progress on these efforts.</font></td>
  </tr>
  <tr valign="top">
    <td align="center"></td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td align="center"><font size="2" face="sans-serif">&#150;</font></td>
    <td><font size="2" face="sans-serif">With respect to re-balancing our cost
        structure, we have made significant progress in growing our manufacturing
        capacity
        outside the Euro-zone and, while only 19% of our total wafer output was
        coming from Asia in mid 2002, at the end of 2004 that percentage had
        grown
      to approximately 40.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <tr valign="top">
    <td align="center"></td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td align="center"><font size="2" face="sans-serif">&#150;</font></td>
    <td><font size="2" face="sans-serif">To accelerate our efforts in research
        and development we have added more than 2,000 new engineers to our technical
        staff in the last two years addressing both technology and product development.
        This effort is already apparent in our technologies and product portfolio
        positioning. The number of products and new technologies we are introducing
        is increasing both in number and in quality, covering the broad spectrum
        of applications that we serve and offering an increasing amount of valuable
        solutions &#150; from single devices to complete platforms &#150; to
        our customers worldwide. In the field of advanced CMOS our company was
        the first
      in the world to announce the important milestone of delivering a 65-nanometer
        (0.065-micron) design platform, which allows its designers and customers
      to start developing next-generation System-on-Chip devices.</font></td>
  </tr>
  <tr valign="top">
    <td align="center"></td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td align="center"><font size="2" face="sans-serif">&#150;</font></td>
    <td><font size="2" face="sans-serif">We have made significant progress in the expansion
      of our customer base I am pleased to note that for the second year in a
      row, the growth rate in our sales to customers outside our top fifty list
      was almost twice the growth rate in sales of the universe of our traditional
      top 50 customers. </font></td>
  </tr>
</table>
<p align="center"><font size="2" face="sans-serif">6</font></p>

<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<font face="sans-serif"><page>
</font>
<p align="left"><font size="2" face="sans-serif">This process of focus and rebalance
  is continuing in 2005 and we have shared with you additional current ongoing
  actions.<br>
  <br>
  I would also like to highlight another important decision taken in 2004. We
  plan to realign the company&#8217;s organization, after the designation &#150;
  subject to your approval &#150; of Carlo Bozotti as CEO and of Alain Dutheil
  as COO, as well as the retirement of two key Corporate VPs, Aldo Romano and
  Salvatore Castorina, and myself. Several corporate functions have also been
  involved, but I would like to highlight the creation of a new product Sector
  &#150; Home, Personal, Communication &#150; where communication and consumer
  solutions are combined to better manage the convergence of these markets. We
  have also fine-tuned the perimeters of the portfolio of our other product groups
  in order to better align them with their markets and help us serve more efficiently
  our enhanced customer base.</font></p>
<p align="left"><font size="2" face="sans-serif">At the same time we have combined front-end manufacturing and central research and development with the aim of making the transfer of new technologies from development to production easier, yielding faster time-to-market and improved cost efficiency. Moving along a similar path, we have also combined our Advanced System Technology Group with strategic planning, so that important synergies can be activated; and, additionally, we have centralized all corporate activities related to IT, logistics, and procurement and material management to better serve the company, both today and in its growth plans for the future. Again, this is not all, but I have chosen to highlight the most significant changes.</font></p>
<p align="left"><font size="2" face="sans-serif"><b>ST CORPORATE GOVERNANCE</b></font></p>
<p align="left"><font size="2" face="sans-serif">Consistent with our strong commitment to the field of Corporate Governance since the creation of ST in 1987, we have prepared and published in 2004 a Corporate Governance Charter, explaining in detail our Corporate organization, the remuneration principles which apply to our Managing and Supervisory Boards, our information policy as well as highlighting our corporate policies relating to business ethics and conflicts of interests. Our Corporate Governance Charter which was approved by our shareholders at our last annual shareholders meeting, as well as our policies relating to Business Ethics and Conflict of Interests, are available on our web site as well as in print to any shareholder who may request a copy. </font></p>
<p align="left"><font size="2" face="sans-serif">As ST is a company registered
    in the Netherlands and whose shares are listed on the NYSE, Euronext (Paris)
    and Borsa
    Italiana (Milano), our corporate governance principles and guidelines seek
    to
  achieve compliance with the relevant practices in a variety of jurisdictions,
    always keeping in mind the best interests of our shareholders, employees
    and
  other stakeholders. As a result our corporate governance practices differ in
    certain cases from the &#8220;best practices&#8221; recommended by the Corporate
    Governance code of the Netherlands. However, by explaining our Corporate
    Governance
  practices in our Corporate Governance Charter, we have endeavored to be fully
    compliant with the Dutch Corporate Governance rules. Our Corporate Governance
    Charter which includes differences from the Dutch Code, is also deemed to
    be
  attached to and incorporated in our Annual Report which is made available to
  Shareholders.</font></p>
<p align="center"><font size="2" face="sans-serif">7</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<font face="sans-serif"><page>
</font>
<p align="left"><font size="2" face="sans-serif">In the field of Corporate Governance,
    we are required to remind our shareholders that our Supervisory Board may
    decide to authorize the issue of Preference Shares in order to protect the
    Company against any hostile or unfriendly takeover; we view this as an opportunity
    to create a level playing field for all ST stakeholders, if such an event
    were to occur.  </font></p>
<p align="left"><font size="2" face="sans-serif">A significant action in the
    field of Corporate Governance during 2004 has been our decision to devote
    considerable attention
    and resources to assess the effectiveness of all our internal controls and
    procedures over our financial reporting, keeping the Audit Committee of our
    Supervisory Board closely informed of the process. We have pursued an evaluation
    of the operation and design of our internal controls both to detect all significant
    deficiencies and material weakness preventing the disclosure of all material
    information relating to ST promptly and fully to our CEO and CFO, as well
    as to detect and report any fraud, whether or not material, that involves
    management or other employees that have a significant role in ST&#8217;s
    internal control
over financial reporting.</font></p>
<p align="left"><font size="2" face="sans-serif">During the 2004 financial year
    there were no transactions whereby the sole member of the managing board
    or members of the supervisory board had conflict of interests.</font></p>
<p align="left"><font size="2" face="sans-serif">We are committed to update and expand whenever necessary or advisable our Corporate Governance Charter and to inform our shareholders, at our annual shareholders meeting of significant changes in our Corporate Governance policies and practices. </font></p>
<p align="left"><font size="2" face="sans-serif"><b>ACCOUNTING PRINCIPLES</b></font></p>
<p align="left"><font size="2" face="sans-serif">In our 2004 annual report, which is being submitted to shareholders approval on March 18, 2005, we have provided a reconciliation of the US GAAP accounts to accounting principles generally accepted in the Netherlands.  The main difference is the amortization of goodwill which is not allowed under US GAAP.  </font></p>
<p align="left"><font size="2" face="sans-serif">We wish to inform our shareholders that in 2005, STMicroelectronics will continue to use US GAAP as its primary set of reporting standards whilst complying with its reporting obligations under IFRS by presenting a complementary set of accounts in our 2005 annual report and as may be otherwise requested by local stock exchange authorities. Our decision to continue to apply US GAAP in our financial reporting is designed to ensure the comparability of our results to those of our competitors and the continuity of our reporting, thereby providing our investors a clear understanding of our financial performance.  </font></p>
<p align="center"><font size="2" face="sans-serif">8</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<font face="sans-serif"><page>
</font><p align="left"><font size="2" face="sans-serif"><b>ST&#8217;s FUTURE</b></font></p>
<p align="left"><font size="2" face="sans-serif">To conclude, allow me to state that, as I retire from operating executive positions in STMicroelectronics, I leave in very capable hands a company that is strong in its corporate governance, in its technology, product portfolio, manufacturing machine, infrastructure, customer base, and, most of all, in its human capital. ST is a company that is ready to face the future challenges, on its road to continuous success.</font></p>
<p align="left"><font size="2" face="sans-serif">As its President and CEO, I am proud of having guided it in the nearly eighteen years that have passed since the formation of ST to today where the company has become such a strong global player in microelectronics. But, even more so, I am proud of having created, together with my team, a rather unique corporate culture and set of values. The major contribution that a CEO can give to his company is to create a dream that employees believe can become reality, to build a corporate culture and a set of values around which every person in the corporation can recognize him or herself; and to have everyone working together to reach that vision, to reach that dream. This is what I believe we have achieved at ST. </font></p>
<p align="left"><font size="2" face="sans-serif">On several occasions, I have synthesized our culture and values to three important concepts: </font></p>
<table width="100%" border="0" cellpadding="0" cellspacing="0">
  <tr valign="top">
    <td width="3%" align="center"><font size="2" face="sans-serif">&#149;</font></td>
    <td><font size="2" face="sans-serif"> <b>Integrity;</b></font></td>
  </tr>
  <tr valign="top">
    <td align="center"><font size="2" face="sans-serif">&#149;</font></td>
    <td><font size="2" face="sans-serif"><b>People-centred TQM</b>; </font></td>
  </tr>
  <tr valign="top">
    <td align="center"><font size="2" face="sans-serif">&#149;</font></td>
    <td><font size="2" face="sans-serif"><b>Social responsibility</b>, starting from
      our cost conscious commitment to the environment, to our collective contribution
      to helping bridge the digital divide.</font></td>
  </tr>
</table>
<p align="left"><font size="2" face="sans-serif">I will not describe once again
    these three elements in detail. But I would like to underscore that corporate
    culture
    and values are the true soul of a company. Strategies can be adjusted, tactics
    can be changed, but what remains at the heart of a company, at the end of
    the
  day, are its corporate culture and values. This is my legacy to our company,
    and I am convinced that it will help ST &#150; in the coming years, as much
  as it did in the past &#150; in facing the challenges and opportunities of
  the future and in pursuing new and exciting heights.</font></p>
<p align="left">&nbsp;</p>
<p align="left"><font size="2" face="sans-serif"><b><i>Pasquale Pistorio</i></b></font></p>
<p align="center"><font size="2" face="sans-serif">9</font></p>
<hr noshade align="center" width="100%" size="2">


  <div style="page-break-before:always"></div>
<page>

  <p align="center"><b><img src="st.gif" width="108" height="65"></b></p>
<p align="center"><b><font size="4">Report of the Supervisory Board of<br>
  STMicroelectronics<br>
</font></b><font size="2"><b><i>March 18, 2005</i></b></font></p>
<p align="left"><font size="2" face="sans-serif"><b><u>Annual Results</u></b></font></p>
<p align="left"><font size="2" face="sans-serif">We reported our full year 2004
    revenues and earnings on January 26, 2005. During 2004, ST produced annual
    revenues of approximately $8,760 million, driven primarily by wireless, digital
    consumer and automotive applications, which all grew faster than the Company
    average, up 21% from the $7,238 million reported in 2003. Gross profit was
    $3,228 million,
    or 36.8% of net revenues, compared to $2,566 million or 35.5% in 2003. Operating
    income was $683 million, or 7.8% of net revenues, compared to $334 million
    or 4.6% of net revenues in 2003. Currency fluctuations affected ST&#8217;s
    reported cost of goods sold and operating expenses for 2004, thus negatively
impacting its bottom-line results in 2004 compared to 2003.</font></p>
<p align="left"><font size="2" face="sans-serif"><b><u>Proposed 2005 Cash Dividend and Retained Earnings and Dividend Policy</u></b></font></p>
<p align="left"><font size="2" face="sans-serif">Considering ST&#8217;s results in 2004, and upon the proposal of the Managing Board, the Supervisory Board recommends to the Annual General Meeting of Shareholders (AGM) the adoption of the annual accounts for the financial year 2004 and the distribution, out of ST&#8217;s profits realized during 2004, of a cash dividend of $0.12 per share, equal to last year&#8217;s
cash dividend distribution.</font></p>
<p align="left"><font size="2" face="sans-serif">The Supervisory Board, in conjunction with the Managing Board, has approved the following retained earnings and dividend policy, which is being presented to the AGM:</font></p>
<table width="100%" cellspacing="0" cellpadding="0" border="0">
  <tr valign="top">
  <td width="3%"><font size="2" face="sans-serif">&nbsp;</font></td>
  <td align="left"><font size="2" face="sans-serif">The Company seeks to use its available cash in order to develop and enhance its position in the very capital-intensive semiconductor market while at the same time managing its cash resources to reward its shareholders for their investment and trust in the Company.</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
</table>
<table width="100%" cellspacing="0" cellpadding="0" border="0">
  <tr valign="top">
  <td width="3%"><font size="2" face="sans-serif">&nbsp;</font></td>
  <td align="left"><font size="2" face="sans-serif">Based on its annual results,
      projected capital requirements as well as business conditions and prospects,
      the Managing Board
      proposes each year to the Supervisory Board the allocation of its earnings
      involving whenever deemed possible and desirable in line with the Company&#8217;s
    objectives and financial situation, the distribution of a cash dividend. </font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
</table>
<table width="100%" cellspacing="0" cellpadding="0" border="0">
  <tr valign="top">
  <td width="3%"><font size="2" face="sans-serif">&nbsp;</font></td>
  <td align="left"><font size="2" face="sans-serif">The Supervisory Board, upon the proposal of the Managing Board, decides each year, in accordance with this policy, which portion of the profits shall be retained in reserves to fund future growth or for other purposes and makes a proposal to the shareholders concerning the amount, if any, of the annual cash dividend.</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
</table>
<p align="center"><font size="2" face="sans-serif">10</font></p>
<hr noshade align="center" width="100%" size="2">


<div style="page-break-before:always"></div>
<font face="sans-serif"><page>
<a name="p11"></a>
<p><a href="#contents"><font size="2">Back to Contents</font></a></p>
<p align="center"><b><img src="st.gif" width="108" height="65"></b></p>
</font>
<p align="left"><font size="2" face="sans-serif"><b><u>Supervisory Board and ST Corporate Governance</u></b></font></p>
<p align="left"><font size="2" face="sans-serif">The management of ST is entrusted
    to the Managing Board under the supervision of the Supervisory Board. The
    Supervisory Board
    advises the Managing Board and is responsible for supervising the policies
    pursued by the Managing Board as well as the general course of ST&#8217;s
affairs and business.</font></p>
<p align="left"><font size="2" face="sans-serif">Throughout 2004, the Supervisory
    Board devoted significant attention to monitoring corporate governance initiatives
    in the
    various jurisdictions in which ST is listed and incorporated, particularly
    implementing rules of the Sarbanes-Oxley Act of 2002 and final corporate
    governance listing standards of the New York Stock Exchange. The Supervisory
    Board focused on ensuring continuity of the Company&#8217;s Managing Board in view of the planned retirement of Mr. Pasquale Pistorio, the Company&#8217;s President and Chief Executive Officer since its foundation in 1987.  The Supervisory Board established a new Nominating and Corporate Governance Committee.  After approval by the 2004 AGM of ST&#8217;s policy on corporate governance, the finalized ST
Corporate Governance Charter, Supervisory Board Charter, Audit Committee Charter, Compensation Committee Charter, Nominating and Corporate Governance Committee Charter and Strategic Committee Charter were all approved and posted on ST&#8217;s website.  The charters are also available in print to any shareholder who may request them.  ST&#8217;s current corporate governance policies, as enumerated in the Corporate Governance Charter, will be updated and expanded whenever necessary or advisable and ST will inform shareholders at its AGM of any significant changes in corporate governance policies and practices.  In addition, the Supervisory Board reviewed the draft amendments to ST&#8217;s Articles of Association, which will be put to the March 18, 2005 AGM for approval.  The proposed
amendments result from changes in Dutch company law effective October 1, 2004 and from the Dutch Corporate Governance Code.  The amendments mainly concern (i) the requirement for shareholder approval of the compensation policy (including stock-based compensation) of the Managing Board; (ii) Supervisory Board determination of compensation of the sole member of the Managing Board within the scope of ST&#8217;s compensation policy; (iii) the requirement for shareholder ratification of certain major Managing Board resolutions to significantly change the Company&#8217;s identity or nature; and (iv)&nbsp;the right of shareholders with at least a 1% participating interest in ST&#8217;s issued share capital (or a market value of at least &euro;50 million) to add an agenda item to the AGM agenda
subject to 60 days&#8217; notice, unless the Company determines that such proposal
would conflict with substantial interests of the Company.</font></p>
<p align="left"><font size="2" face="sans-serif">In fulfilling their duties under
    Dutch law, Supervisory Board members serve the best interests of all of ST&#8217;s stakeholders and of ST&#8217;s business.  The Supervisory Board is carefully selected based upon the combined experience and expertise of its members.  In addition, as required by Dutch law, all of the members of the Supervisory Board, however originally selected, act independently in their supervision of ST&#8217;s management.  The Supervisory Board has adopted criteria to evaluate the independence of its members in accordance with corporate governance listing standards of the New York Stock Exchange.  In 2004, the Supervisory Board evaluated the members and determined that all members were independent from ST&#8217;s
    management, with the exception of Mr. Dunn, who at the time of the evaluation,
    was the CEO of ASML, which sold equipment to the Company in 2003. Since this
determination, Mr. Dunn has stepped down as CEO of ASML.</font></p>
<p align="center"><font size="2" face="sans-serif">11</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<font face="sans-serif"><page>
<a name="p12"></a>
<p><a href="#contents"><font size="2">Back to Contents</font></a></p>
<p align="center"><b><img src="st.gif" width="108" height="65"></b></p>
</font>
<p align="left"><font size="2" face="sans-serif"><b><u>Proposed Supervisory Board Appointments</u></b></font></p>
<p align="left"><font size="2" face="sans-serif">In February 2005, the Nominating
    and Corporate Governance Committee submitted its report to the Supervisory
    Board, recommending
    that the Supervisory Board propose to the shareholders that Messrs.&nbsp; Arbola,
    de Waard, Lombard and Steve be appointed for an additional three-year term
    until the Annual General Meeting to be held in 2008, and that Mr. Dunn, Gavois
    and White be renewed for a one-year term, until the Annual General Meeting
    to be held in 2006, allowing the Supervisory Board the opportunity to consider
    renewals or new appointments in the coming years. Upon the proposal of Cassa
    Depositi e Prestiti to nominate, pursuant to its rights under shareholding
    agreements with ST Holding, our largest shareholder, Messrs. Antonino Turicchi
    and Matteo del Fante to replace the two outgoing members of the Supervisory
    Board, and following the Nominating and Corporate Governance Committee&#8217;s
recommendation, the Supervisory Board approved this proposal to be made to the
shareholders for approval. The Supervisory Board expressed its sense of appreciation
to Mr. Alessandro Ovi and Mr. Riccardo Gallo for their many years of service
on the Supervisory Board and their devotion to the development of STMicroelectronics. </font></p>
<p align="left"><font size="2" face="sans-serif">Biographies of current Supervisory
    Board members and proposed new members are annexed to this Report and will
    be available
on ST&#8217;s website. </font></p>
<p align="left"><font size="2" face="sans-serif"><b><u>Supervisory Board activity in 2004</u></b></font></p>
<p align="left"><font size="2" face="sans-serif">During 2004, the Supervisory
    Board met ten times so as to closely monitor ST&#8217;s operations, strategy
    and evolution. Attendance at full Supervisory Board Meetings and Committee
    Meetings in 2004
was as follows:</font></p>
<table width="100%" border="0" cellpadding="0" cellspacing="0">
<tr valign="top" bgcolor="#FFFFFF">
<td align="left" valign="bottom" bgcolor="#FFFFFF"><font size="2" face="sans-serif"><b>Board Member</b></font></td>
<td align="right" valign="bottom" bgcolor="#FFFFFF">&nbsp;</td>
<td align="center" valign="bottom" bgcolor="#FFFFFF"><font size="2" face="sans-serif"><b>Full Supervisory Board<br>
    <font size="1">(10 meetings total)</font></b></font></td>
<td align="left" valign="bottom" bgcolor="#FFFFFF">&nbsp;</td>
<td align="center" valign="bottom" bgcolor="#FFFFFF"><font size="2" face="sans-serif"><b>Audit Committee<br>
    <font size="1">(12 meetings total)</font>*</b></font></td>
<td align="left" valign="bottom" bgcolor="#FFFFFF">&nbsp;</td>
<td align="center" valign="bottom" bgcolor="#FFFFFF"><font size="2" face="sans-serif"><b>Compensation Committee<font size="1"><br>
  (4 meetings total)</font></b></font></td>
<td align="left" valign="bottom" bgcolor="#FFFFFF">&nbsp;</td>
<td align="center" valign="bottom" bgcolor="#FFFFFF"><font size="2" face="sans-serif"><b>Nominating and Corporate Governance Committee<br>
      <font size="1">(no meetings held <br>
    in 2004)</font></b></font></td>
<td align="left" valign="bottom" bgcolor="#FFFFFF">&nbsp;</td>
<td align="center" valign="bottom" bgcolor="#FFFFFF"><font size="2" face="sans-serif"><b>Strategic Committee<br>
    <font size="1">(5 meetings total)</font></b></font></td>
<td align="left">&nbsp;</td> </tr>
<tr valign="top" bgcolor="#ffffff">
  <td align="left">&nbsp;</td>
  <td align="right">&nbsp;</td>
  <td align="right">&nbsp;</td>
  <td align="left">&nbsp;</td>
  <td align="right">&nbsp;</td>
  <td align="left">&nbsp;</td>
  <td align="right">&nbsp;</td>
  <td align="left">&nbsp;</td>
  <td align="left">&nbsp;</td>
  <td align="left">&nbsp;</td>
  <td align="right">&nbsp;</td>
  <td align="left">&nbsp;</td>
</tr>
<tr valign="top" bgcolor="#EEEEEE">
<td align="left"><font size="2" face="sans-serif">Bruno Steve</font></td>
<td width="2%" align="right">&nbsp;</td>
<td width="15%" align="right"><font size="2" face="sans-serif">9</font></td>
<td width="2%" align="left">&nbsp;</td>
<td width="15%" align="right"><font size="2" face="sans-serif">&#151;</font></td>
<td width="2%" align="left">&nbsp;</td>
<td width="15%" align="right"><font size="2" face="sans-serif">4</font></td>
<td width="2%" align="left">&nbsp;</td>
<td width="15%" align="left"><font size="2" face="sans-serif">&nbsp;</font></td>
<td width="2%" align="left">&nbsp;</td>
<td width="10%" align="right"><font size="2" face="sans-serif">5</font></td>
<td width="2%" align="left">&nbsp;</td>
</tr>
<tr valign="top" bgcolor="#FFFFFF">
<td align="left"><font size="2" face="sans-serif">G&eacute;rald Arbola<sup>(1)</sup></font></td>
<td align="right">&nbsp;</td>
<td align="right"><font size="2" face="sans-serif">7</font></td>
<td align="left">&nbsp;</td>
<td align="right"><font size="2" face="sans-serif">&#151;</font></td>
<td align="left">&nbsp;</td>
<td align="right"><font size="2" face="sans-serif">1</font></td>
<td align="left">&nbsp;</td>
<td align="left"><font size="2" face="sans-serif">&nbsp;</font></td>
<td align="left">&nbsp;</td>
<td align="right"><font size="2" face="sans-serif">2</font></td>
<td align="left">&nbsp;</td>
</tr>
<tr valign="top" bgcolor="#EEEEEE">
<td align="left"><font size="2" face="sans-serif">Tom de Waard</font></td>
<td align="right">&nbsp;</td>
<td align="right"><font size="2" face="sans-serif">10</font></td>
<td align="left">&nbsp;</td>
<td align="right"><font size="2" face="sans-serif">12</font></td>
<td align="left">&nbsp;</td>
<td align="right"><font size="2" face="sans-serif">4</font></td>
<td align="left">&nbsp;</td>
<td align="left"><font size="2" face="sans-serif">&nbsp;</font></td>
<td align="left">&nbsp;</td>
<td align="right"><font size="2" face="sans-serif">&#151;</font></td>
<td align="left">&nbsp;</td>
</tr>
<tr valign="top" bgcolor="#FFFFFF">
<td align="left"><font size="2" face="sans-serif">R&eacute;my Dullieux<sup>(2)</sup></font></td>
<td align="right">&nbsp;</td>
<td align="right"><font size="2" face="sans-serif">3</font></td>
<td align="left">&nbsp;</td>
<td align="right"><font size="2" face="sans-serif">&#151;</font></td>
<td align="left">&nbsp;</td>
<td align="right"><font size="2" face="sans-serif">&#151;</font></td>
<td align="left">&nbsp;</td>
<td align="left"><font size="2" face="sans-serif">&nbsp;</font></td>
<td align="left">&nbsp;</td>
<td align="right"><font size="2" face="sans-serif">&#151;</font></td>
<td align="left">&nbsp;</td>
</tr>
<tr valign="top" bgcolor="#EEEEEE">
<td align="left"><font size="2" face="sans-serif">Douglas Dunn</font></td>
<td align="right">&nbsp;</td>
<td align="right"><font size="2" face="sans-serif">7</font></td>
<td align="left">&nbsp;</td>
<td align="right"><font size="2" face="sans-serif">9</font></td>
<td align="left">&nbsp;</td>
<td align="right"><font size="2" face="sans-serif">&#151;</font></td>
<td align="left">&nbsp;</td>
<td align="left"><font size="2" face="sans-serif">&nbsp;</font></td>
<td align="left">&nbsp;</td>
<td align="right"><font size="2" face="sans-serif">&#151;</font></td>
<td align="left">&nbsp;</td>
</tr>
<tr valign="top" bgcolor="#FFFFFF">
<td align="left"><font size="2" face="sans-serif">Riccardo Gallo</font></td>
<td align="right">&nbsp;</td>
<td align="right"><font size="2" face="sans-serif">10</font></td>
<td align="left">&nbsp;</td>
<td align="right"><font size="2" face="sans-serif">8</font></td>
<td align="left">&nbsp;</td>
<td align="right"><font size="2" face="sans-serif">&#151;</font></td>
<td align="left">&nbsp;</td>
<td align="left"><font size="2" face="sans-serif">&nbsp;</font></td>
<td align="left">&nbsp;</td>
<td align="right"><font size="2" face="sans-serif">&#151;</font></td>
<td align="left">&nbsp;</td>
</tr>
<tr valign="top" bgcolor="#EEEEEE">
<td align="left"><font size="2" face="sans-serif">Francis Gavois</font></td>
<td align="right">&nbsp;</td>
<td align="right"><font size="2" face="sans-serif">10</font></td>
<td align="left">&nbsp;</td>
<td align="right"><font size="2" face="sans-serif">11</font></td>
<td align="left">&nbsp;</td>
<td align="right"><font size="2" face="sans-serif">&#151;</font></td>
<td align="left">&nbsp;</td>
<td align="left"><font size="2" face="sans-serif">&nbsp;</font></td>
<td align="left">&nbsp;</td>
<td align="right"><font size="2" face="sans-serif">&#151;</font></td>
<td align="left">&nbsp;</td>
</tr>
<tr valign="top" bgcolor="#FFFFFF">
<td align="left"><font size="2" face="sans-serif">Didier Lombard<sup>(1)</sup></font></td>
<td align="right">&nbsp;</td>
<td align="right"><font size="2" face="sans-serif">6</font></td>
<td align="left">&nbsp;</td>
<td align="right"><font size="2" face="sans-serif">&#151;</font></td>
<td align="left">&nbsp;</td>
<td align="right"><font size="2" face="sans-serif">&#151;</font></td>
<td align="left">&nbsp;</td>
<td align="left"><font size="2" face="sans-serif">&nbsp;</font></td>
<td align="left">&nbsp;</td>
<td align="right"><font size="2" face="sans-serif">2</font></td>
<td align="left">&nbsp;</td>
</tr>
<tr valign="top" bgcolor="#EEEEEE">
<td align="left"><font size="2" face="sans-serif">Alessandro Ovi</font></td>
<td align="right">&nbsp;</td>
<td align="right"><font size="2" face="sans-serif">10</font></td>
<td align="left">&nbsp;</td>
<td align="right"><font size="2" face="sans-serif">&#151;</font></td>
<td align="left">&nbsp;</td>
<td align="right"><font size="2" face="sans-serif">&#151;</font></td>
<td align="left">&nbsp;</td>
<td align="left"><font size="2" face="sans-serif">&nbsp;</font></td>
<td align="left">&nbsp;</td>
<td align="right"><font size="2" face="sans-serif">5</font></td>
<td align="left">&nbsp;</td>
</tr>
<tr valign="top" bgcolor="#FFFFFF">
<td align="left"><font size="2" face="sans-serif">Robert M. White</font></td>
<td align="right">&nbsp;</td>
<td align="right"><font size="2" face="sans-serif">10</font></td>
<td align="left">&nbsp;</td>
<td align="right"><font size="2" face="sans-serif">12</font></td>
<td align="left">&nbsp;</td>
<td align="right"><font size="2" face="sans-serif">&#151;</font></td>
<td align="left">&nbsp;</td>
<td align="left"><font size="2" face="sans-serif">&nbsp;</font></td>
<td align="left">&nbsp;</td>
<td align="right"><font size="2" face="sans-serif">5</font></td>
<td align="left">&nbsp;</td>
</tr>
</table>
<table width="100%" cellspacing="0" cellpadding="0" border="0">
<tr valign="top">
<td width="3%"><font size="2" face="sans-serif"><sup>(1)</sup></font></td>
<td align="left"><font size="2" face="sans-serif">
  Appointed as of April 23, 2004; attended all meetings of the Supervisory Board
  and Committees held since his appointment.</font></td>
</tr>
</table>
<table width="100%" cellspacing="0" cellpadding="0" border="0">
<tr valign="top">
<td width="3%"><font size="2" face="sans-serif"><sup>(2)</sup></font></td>
<td align="left"><font size="2" face="sans-serif">
  Resigned as of April&nbsp;23, 2004.</font></td>
</tr>
</table>
<p align="left"><font size="2" face="sans-serif">The Supervisory Board reviewed
    ST&#8217;s results of operations, met with the corporate officers responsible for Research and Development, Manufacturing, and the Telecoms, Peripherals and Automotive (&#8220;TPA&#8221;) and Memory Products businesses to monitor ST&#8217;s
    projects, challenges, performance and prospects in an intensely competitive
    environment. In addition, the Supervisory Board supervised, oversaw and approved
many ST corporate activities in 2004, including:</font></p>
<p align="center"><font size="2" face="sans-serif">12</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<font face="sans-serif"><page>
<a name="p13"></a>
<p><a href="#contents"><font size="2">Back to Contents</font></a></p>
<p align="center"><b><img src="st.gif" width="108" height="65"></b></p>
</font>
<table width="100%" cellspacing="0" cellpadding="0" border="0">
<tr valign="top">
<td width="3%"></td>
<td width="3%"><font size="2" face="sans-serif">
  &#149;</font></td>
<td><font size="2" face="sans-serif">
  An evaluation of the Company&#8217;s Managing Board outside the presence of
  the Company&#8217;s management </font></td>
</tr>
</table>
<table width="100%" cellspacing="0" cellpadding="0" border="0">
<tr valign="top">
<td width="3%"></td>
<td width="3%"><font size="2" face="sans-serif">
  &#149;</font></td>
<td><font size="2" face="sans-serif">
  Self-performance evaluation of the Supervisory Board as part of the evaluation
  of the proposed compensation of Supervisory Board members for approval by the
  shareholders&#8217; meeting</font></td>
</tr>
</table>
<table width="100%" cellspacing="0" cellpadding="0" border="0">
<tr valign="top">
<td width="3%"></td>
<td width="3%"><font size="2" face="sans-serif">
  &#149;</font></td>
<td><font size="2" face="sans-serif">
  Changes to the top management structure, the transitional management structure
  to be implemented as of January 1, 2005 and approval of the proposal to the
  AGM to appoint Carlo Bozotti as the new sole Managing Director, President and
  CEO of ST, and ratified the proposal of Mr. Bozotti to appoint Mr. Dutheil
  to the newly created position of Chief Operating Officer (COO) in 2005</font></td>
</tr>
</table>
<table width="100%" cellspacing="0" cellpadding="0" border="0">
<tr valign="top">
<td width="3%"></td>
<td width="3%"><font size="2" face="sans-serif">
  &#149;</font></td>
<td><font size="2" face="sans-serif">
  Invitation to Mr. Pistorio to act as ambassador of the Company with the personal
  title of Honorary Chairman of the Company</font></td>
</tr>
</table>
<table width="100%" cellspacing="0" cellpadding="0" border="0">
<tr valign="top">
<td width="3%"></td>
<td width="3%"><font size="2" face="sans-serif">
  &#149;</font></td>
<td><font size="2" face="sans-serif">
  ST&#8217;s proposed joint venture with Hynix in China for manufacturing NAND
  and access to DRAM technology</font></td>
</tr>
</table>
<table width="100%" cellspacing="0" cellpadding="0" border="0">
<tr valign="top">
<td width="3%"></td>
<td width="3%"><font size="2" face="sans-serif">
  &#149;</font></td>
<td><font size="2" face="sans-serif">
  Approval of the new STH II BV option agreement reducing the current threshold
  of STH II BV from 30% to 19% of voting rights and giving STH II BV the right
  to issue up to 540 million preference shares in the event of a hostile takeover
  bid or similar action with respect to ST&#8217;s shares</font></td>
</tr>
</table>
<table width="100%" cellspacing="0" cellpadding="0" border="0">
<tr valign="top">
<td width="3%"></td>
<td width="3%"><font size="2" face="sans-serif">
  &#149;</font></td>
<td><font size="2" face="sans-serif">
  Cash payout, rather than shares, for the reimbursement option on the 2009 convertible
  bonds and sweep-up of remaining holders</font></td>
</tr>
</table>
<table width="100%" cellspacing="0" cellpadding="0" border="0">
<tr valign="top">
<td width="3%"></td>
<td width="3%"><font size="2" face="sans-serif">
  &#149;</font></td>
<td><font size="2" face="sans-serif">
  Buy backs of remaining 2010 convertible bonds</font></td>
</tr>
</table>
<table width="100%" cellspacing="0" cellpadding="0" border="0">
<tr valign="top">
<td width="3%"></td>
<td width="3%"><font size="2" face="sans-serif">
  &#149;</font></td>
<td><font size="2" face="sans-serif">
  The proposed realignment by the Managing Board of ST product groups from January
  1, 2005 to increase market focus and realize the full potential of ST&#8217;s
  products, technologies and sales and marketing channels</font></td>
</tr>
</table>
<table width="100%" cellspacing="0" cellpadding="0" border="0">
<tr valign="top">
<td width="3%"></td>
<td width="3%"><font size="2" face="sans-serif">
  &#149;</font></td>
<td><font size="2" face="sans-serif">
  Recommendation that PriceWaterhouseCoopers N.V. be mandated for a new three-year
  term as ST&#8217;s independent audit firm after a competitive bidding process
  among several accounting firms overseen by the Audit Committee</font></td>
</tr>
</table>
<table width="100%" cellspacing="0" cellpadding="0" border="0">
<tr valign="top">
<td width="3%"></td>
<td width="3%"><font size="2" face="sans-serif">
  &#149;</font></td>
<td><font size="2" face="sans-serif">
  Approval of the compensation policy for the Managing Board, and </font></td>
</tr>
</table>
<table width="100%" cellspacing="0" cellpadding="0" border="0">
<tr valign="top">
<td width="3%"></td>
<td width="3%"><font size="2" face="sans-serif">
  &#149;</font></td>
<td><font size="2" face="sans-serif">
  Approval of the Company&#8217;s retained earnings and dividend policy</font></td>
</tr>
</table>
<p align="left"><font size="2" face="sans-serif">The Supervisory Board&#8217;s
    committees were
also very active in 2004.</font></p>
<p align="left"><font size="2" face="sans-serif"><b><u>Compensation Committee</u></b></font></p>
<p align="left"><font size="2" face="sans-serif">The Compensation Committee,
    whose current members are Messrs. Steve (Chairman), Arbola (Vice-Chairman)
    and De Waard, met four
    times in 2004, including one meeting outside the presence of management and
    the CEO. Mr. Arbola was newly appointed as a committee member and Vice-Chairman
    by the Supervisory Board. Among its main activities, the Compensation Committee
    reviewed and approved the Company&#8217;s Managing Board compensation policy, and the compensation package of the CEO for the year 2004, and proposed to the Supervisory Board the CEO&#8217;s total compensation package, which approved it.  The Compensation Committee also reviewed the CEO&#8217;s 2004 performance in light of objectives and bonus eligibility criteria and proposed adoption of
the CEO&#8217;s bonus to the Supervisory Board.  Eligibility criteria for the CEO to receive a bonus relate to ST&#8217;s
revenue growth compared to that of its main competitors, its profitability, return
on net assets, net cash flow, and market performance over the course of a fiscal
year. The Compensation Committee also made a recommendation regarding the number
of stock options to be granted to the CEO. </font></p>
<p align="center"><font size="2" face="sans-serif">13</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<font face="sans-serif"><page>
<a name="p14"></a>
<p><a href="#contents"><font size="2">Back to Contents</font></a></p>
<p align="center"><b><img src="st.gif" width="108" height="65"></b></p>
</font>
<p align="left"><font size="2" face="sans-serif">The Compensation Committee approved
    the proposed 2004 allocation of stock options to ST&#8217;s executive officers and key employees pursuant to ST&#8217;s 2001 Stock Option Plan (the &#8220;2001 ESOP&#8221;), based on the NYSE closing price of ST shares two days after the AGM date.  The Compensation Committee also reviewed and approved a proposal by the Managing Board to amend the existing 2001 ESOP for senior executives and key employees of the Company to provide for the grant of restricted shares instead of stock options to senior executives and certain key employees, subject to more restricted performance criteria to be fixed by the Supervisory Board and made public.  The objective of the amendment is to better incentivize our senior
executives and key employees.  The maximum number of &quot;restricted&quot; shares shall be four million shares and shall fall within the outstanding number of approximately 15 million options that still remain to be granted under the existing 2001 ESOP.  The amendment of the 2001 ESOP is proposed to the shareholders for approval with respect to the grant for the year 2005.  The shareholders are also requested to confirm the Supervisory Board&#8217;s
authority to reduce the vesting period and the term of outstanding stock options
previously granted pursuant to the 2001 ESOP.</font></p>
<p align="left"><font size="2" face="sans-serif">The Compensation Committee reviewed
    the compensation policy for ST&#8217;s senior executive officers as well as the Executive Incentive Program for all ST executives.  In addition, the Compensation Committee recommended the grant of stock-based compensation, up to a maximum number of 100,000 Shares, to Mr.&nbsp;Bozotti for services to be rendered in 2005.  The grant of such stock-based compensation to Mr.&nbsp;Bozotti
    will be tied to the performance of the Company, according to quantifiable
criteria to be fixed by the Supervisory Board.</font></p>
<p align="left"><font size="2" face="sans-serif">The Compensation Committee reviewed an expert report regarding the compensation of the Supervisory Board members and made proposals for the 2005 compensation structure.  The 2002 Stock Option Plan for Supervisory Board members and professions expires at the upcoming AGM to be held on March 18, 2005.  The Compensation Committee recommended the adoption of a new three-year stock-based compensation plan for Supervisory Board members and professionals instead of a stock option plan.  The new 2005 Plan as proposed to the shareholders has the following terms and conditions:</font></p>
<table width="100%" cellspacing="0" cellpadding="0" border="0">
<tr valign="top">
<td width="3%"></td>
<td width="3%"><font size="2" face="sans-serif">
  &#149;</font></td>
<td><font size="2" face="sans-serif">
  a maximum number of 6,000 newly issued shares per year for each member of the
  Supervisory Board and 3,000 newly issued shares per year for each professional
  of the Supervisory Board;</font></td>
</tr>
</table>
<table width="100%" cellspacing="0" cellpadding="0" border="0">
<tr valign="top">
<td width="3%"></td>
<td width="3%"><font size="2" face="sans-serif">
  &#149;</font></td>
<td><font size="2" face="sans-serif">
  at a price per share of &euro;1.04 per share, the nominal value of ST shares;</font></td>
</tr>
</table>
<table width="100%" cellspacing="0" cellpadding="0" border="0">
<tr valign="top">
<td width="3%"></td>
<td width="3%"><font size="2" face="sans-serif">
  &#149;</font></td>
<td><font size="2" face="sans-serif">
  with one-third of the shares vesting after one year, the second-third vesting
  after two years, and the last third vesting after three years, and with each
  option valid from ten years after its vesting date, and otherwise issued pursuant
  to the same conditions as the 2002-2005 Supervisory Board plan. </font></td>
</tr>
</table>
<p align="left"><font size="2" face="sans-serif">The Supervisory Board decided to recommend approval of the new ST Stock-based Compensation Plan for the Board members and professionals to the March 18, 2005 AGM.  </font></p>
<p align="center"><font size="2" face="sans-serif">14</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<font face="sans-serif"><page>
<a name="p15"></a>
<p><a href="#contents"><font size="2">Back to Contents</font></a></p>
<p align="center"><b><img src="st.gif" width="108" height="65"></b></p>
</font>
<p align="left"><font size="2" face="sans-serif"><b><u>Strategic Committee</u></b></font></p>
<p align="left"><font size="2" face="sans-serif">The Strategic Committee, whose
    current members are Messrs. Steve (Chairman), Ovi, White, Arbola and Lombard,
    met four times
    in 2004, in the presence of the CEO, the Director of Strategic Planning and
    the CFO. Messrs. Arbola and Lombard were newly appointed to the Committee
    at the April 23, 2004 meeting of the Supervisory Board. Among its main activities,
    the Strategic Committee reviewed the Company&#8217;s long-term plans and prospects and various possible scenarios and opportunities to meet the challenges of the semiconductor market, which included the increasing costs of R&amp;D
and of capital investments in advanced production technologies. </font></p>
<p align="left"><font size="2" face="sans-serif">The Strategic Committee was fully briefed on the main terms of a joint-venture in China with Hynix, in the memory field, including clarification on the level of saturation of the new fab production capacity and the relevant timeframe and expected figures on the goods manufactured under the joint venture.  The Committee then submitted a favorable recommendation to the Supervisory Board to enter into the joint-venture.  </font></p>
<p align="left"><font size="2" face="sans-serif">The Strategic Committee also was consulted on various other matters.</font></p>
<p align="left"><font size="2" face="sans-serif"><b><u>Audit Committee</u></b></font></p>
<p align="left"><font size="2" face="sans-serif">The Audit Committee, whose current
    members are Messrs. de Waard (Chairman), Dunn, Gallo, Gavois, and White,
    met twelve times
    during 2004. At many of these meetings, the Audit Committee received presentations
    on current financial and accounting issues and had the opportunity to interview
    ST&#8217;s CEO, CFO, General Counsel, external and internal auditors.  On several occasions, the Audit Committee met with outside U.S. legal counsel, who explained and analyzed and explained actions required by the new New York Stock Exchange&#8217;s final and amended corporate governance rules and the Sarbanes-Oxley Act.  In addition, the Audit Committee regularly discussed the progress of implementation of internal controls over financial reporting.  The Audit
Committtee also monitored the Company&#8217;s compliance with the European Directive
that requires ST to prepare a set of accounts pursuant to international financial
reporting standards (or IFRS) in the timeframe required, while the Company will
continue to use U.S. GAAP as its primary set of reporting standards. </font></p>
<p align="left"><font size="2" face="sans-serif">At the end of each quarter,
    prior to each Supervisory Board meeting to approve ST&#8217;s results and quarterly earnings press release, the Audit Committee reviewed ST&#8217;s interim financial information and the proposed press release and discussed with the independent registered public accounting firm those matters required to be discussed under SAS 61.  In addition, the Audit Committee reviewed ST&#8217;s quarterly &#8220;Operating and Financial Review and Prospects&#8221; and interim consolidated financial statements (and notes thereto) before they were filed with the SEC and voluntarily certified by the CEO and the CFO (pursuant to sections&nbsp;302
and 906 of the Sarbanes-Oxley Act).</font></p>
<p align="left"><font size="2" face="sans-serif">The Audit Committee also proceeded
    with its annual review of ST's Internal Audit, as well as the scope, planning
    and costs of
    ST's external audit activities. In addition, and after a competitive bidding
    process and careful examination of the various proposals (including interviews
    of three audit firm candidates), the Audit Committee recommended to the Supervisory
    Board that PriceWaterhouseCoopers N.V. be proposed to the 2005 AGM for re-appointment
as the Company&#8217;s external auditors for a new three-year term.</font></p>
<p align="center"><font size="2" face="sans-serif">15</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<font face="sans-serif"><page>
<a name="p16"></a>
<p><a href="#contents"><font size="2">Back to Contents</font></a></p>
<p align="center"><b><img src="st.gif" width="108" height="65"></b></p>
</font>
<p align="left"><font size="2" face="sans-serif">The Audit Committee reviewed
    its Charter with the assistance of ST&#8217;s outside U.S. counsel, completed a self-evaluation and reported regularly to the Supervisory Board.  The Audit Committee Charter was approved by the April 23, 2004 AGM and is posted on ST&#8217;s
website.</font></p>
<p align="left"><font size="2" face="sans-serif">In advance of its review of
    our draft annual Consolidated Financial Statements for the year ended December
    31, 2004, the Audit Committee
    reviewed our external auditors&#8217; statement of independence with them.  The Audit Committee approved the compensation of our external auditors and also approved the scope of their audit, audit-related and non&#150;audit-related services, held separate meetings with the external auditors and discussed ST&#8217;s
critical accounting policies with our external auditors. </font></p>
<p align="left"><font size="2" face="sans-serif">The Audit Committee reviewed
    ST&#8217;s conclusions as to effectiveness of Internal Controls in 2004, had various meetings with management, external auditors and approved ST&#8217;s internal audit plan for 2005.  The Audit Committee also determined that three members of the Audit Committee qualified as &#8220;audit committee financial experts&#8221; and that all of its members are financially literate.  The Audit Committee&#8217;s
    conclusions on such matters were reported to the Supervisory Board, which
adopted them.</font></p>
<p align="left"><font size="2" face="sans-serif">Finally, members attended an executive education program at Harvard Business School specifically designed to improve their skills in executing their duties and responsibilites on the Audit Committee of ST.</font></p>
<p align="left"><font size="2" face="sans-serif"><b><u>Nominating and Corporate Governance Committee</u></b></font></p>
<p align="left"><font size="2" face="sans-serif">The Supervisory Board met after
    the April 23, 2004 AGM to resolve upon the Charter and composition of the
    new Nominating
    and Corporate Governance Committee. The Charter of the Committee was posted
    on ST&#8217;s website thereafter.  On December 8, 2004, the Supervisory Board
    appointed Messrs. Steve, Arbola and de Waard to the Nominating and Corporate
Governance Committee. Mr. de Waard was selected the Chairman of the Committee. </font></p>
<p align="left"><font size="2" face="sans-serif">The Nominating and Corporate
    Governance Committee reviewed the structure and composition of the Supervisory
    Board in view of
    the pending expiration of the terms of all current members. The Nominating
    and Corporate Governance recommended that the Supervisory Board propose to
    the shareholders that Messrs.&nbsp; Arbola, de Waard, Lombard and Steve be
    appointed for an additional three-year term until the Annual General Meeting
    to be held in 2008, and that Mr. Dunn, Gavois and White be renewed for a
    one-year term, until the Annual General Meeting to be held in 2006, allowing
    the Supervisory Board the opportunity to consider renewals or new appointments
    in the coming years. The Nominating and Corporate Governance Committee also
    received, reviewed and approved the proposal of Cassa Depositi e Prestiti
    to nominate, pursuant to its rights under shareholding agreements with ST
    Holding, our largest shareholder, Messrs. Antonino Turicchi and Matteo del
    Fante, the current Managing Director and Chief Financial Officer of CDP,
    to replace the two outgoing members of the Supervisory Board, for a three-year
    term until the Annual General Meeting to be held in 2008.The Nominating and
    Corporate Governance Committee also found that the two proposed members were
    independent of ST&#8217;s management, and complied with the Supervisory Board&#8217;s
criteria for independence. </font></p>
<p align="left"><font size="2" face="sans-serif">Finally, the Supervisory Board,
    in conjunction with the Managing Board, prepared the agenda for the AGM and
    recommends for
    adoption the proposed resolutions. The agenda, proposed resolutions and other
    information regarding the upcoming AGM are available on ST&#8217;s website
and in print to any shareholder upon request.</font></p>
<p align="center"><font size="2" face="sans-serif">16</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<font face="sans-serif"><page>
<a name="p17"></a>
<p><a href="#contents"><font size="2">Back to Contents</font></a></p>
<p align="center"><b><img src="st.gif" width="108" height="65"></b></p>
</font>
<p align="left"><font size="2" face="sans-serif">The Company is greatly indebted to Mr. Pasquale Pistorio for his very significant contribution as President, Chief Executive Officer and sole member of the Managing Board.  We express our deep appreciation to Mr. Pistorio for his role in steering the Company since its creation in 1987 to become one of the leaders in the semiconductor industry. </font></p>
<p align="left"><font size="2" face="sans-serif"><b><i>February 11, 2005</i></b></font></p>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td width="3%">&nbsp;</td>
    <td width="25%"><font size="2" face="sans-serif"><u>Bruno STEVE</u></font></td>
    <td width="5%">&nbsp;</td>
    <td><font size="2" face="sans-serif"><u>G&eacute;rald ARBOLA</u></font></td>
    <td width="5%">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size="2" face="sans-serif"><u>Tom DE WAARD</u></font></td>
    <td>&nbsp;</td>
    <td><font size="2" face="sans-serif"><u>Didier LOMBARD</u></font></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size="2" face="sans-serif"><u>Doug DUNN</u></font></td>
    <td>&nbsp;</td>
    <td><font size="2" face="sans-serif"><u>Riccardo GALLO</u></font></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size="2" face="sans-serif"><u>Francis GAVOIS</u></font></td>
    <td>&nbsp;</td>
    <td><font size="2" face="sans-serif"><u>Alessandro OVI</u></font></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size="2" face="sans-serif"><u>Robert WHITE</u></font></td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
</table>
<p align="center"><font size="2" face="sans-serif">&nbsp;&nbsp;&nbsp;&nbsp;17</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<font face="sans-serif"><page>
<a name="p18"></a>
<p><a href="#contents"><font size="2">Back to Contents</font></a></p>
<p align="center"><b><img src="st.gif" width="108" height="65"></b></p>
</font>
<p align="left"><font size="2" face="sans-serif"><b><u>Current members of ST&#8217;s
        Supervisory
Board</u></b></font></p>
<p align="left"><font size="2" face="sans-serif"><b>Bruno Steve </b>has been
    a member of our Supervisory Board since 1989 and Chairman since March&nbsp;27, 2002.  He served as Vice-Chairman of the Supervisory Board from 1989 to July&nbsp;1990 and from May&nbsp;1999 through March&nbsp;2002.  From July&nbsp;1990 to March&nbsp;1993 and from June&nbsp;1996 until May&nbsp;1999, Mr.&nbsp;Steve also served as Chairman of our Supervisory Board.  He has been with Istituto per la Ricostruzione Industriale&#150;IRI S.p.A. (&quot;I.R.I&quot;.), a former shareholder of Finmeccanica, Finmeccanica and other affiliates of I.R.I. in various senior positions for over 17 years.  Mr.&nbsp;Steve is currently President of the board of statutory auditors of Alitalia S.p.a.    Until December 1999, he served as
Chairman of MEI.  He served as the Chief Operating Officer of Finmeccanica from 1988 to July&nbsp;1997 and Chief Executive Officer from May&nbsp;1995 to July&nbsp;1997.  He was Senior Vice President of Planning, Finance and Control of I.R.I. from 1984 to 1988.  Prior to 1984, Mr.&nbsp;Steve
served in several key executive positions at Telecom Italia. He is also a professor
at LUISS Guido Carli University in Rome.</font></p>
<p align="left"><font size="2" face="sans-serif"><b>G&eacute;rald Arbola </b>has
    been a member of our Supervisory Board since 2004, when he was appointed
    to fulfill the
    remaining term of Jean-Pierre Noblanc, through the 2005 AGM. Mr. Arbola has
    also served as the Vice-Chairman of the Supervisory Board since his 2004
    appointment. Mr.&nbsp;Arbola is an Executive Board member of Areva and its
    Chief Financial Officer. Mr.&nbsp;Arbola is a graduate of the Institut d&#8217;Etudes
    Politiques de Paris and holds an advanced degree in economics. Mr.&nbsp;Arbola
    joined the Cogema group in 1982 as director of planning and strategy for
    SGN, then served as chief financial officer at SGN from 1985 to 1989, becoming
    executive vice president of SGN in 1988, chief financial officer of Cogema
    in 1992. He was appointed as a member of the executive committee in 1999,
    and also served as chairman of the board of SGN in 1997 and 1998. Mr.&nbsp;Arbola
    has served as chief financial officer and member of the Executive Board of
    AREVA since July&nbsp;3,
2001.</font></p>
<p align="left"><font size="2" face="sans-serif"><b>Doug Dunn </b>was appointed
    to the Supervisory Board in 2001. Mr.&nbsp;Dunn currently serves on the Board of Directors of ARM plc and Sendo plc, both UK companies.  Mr.&nbsp;Dunn also serves on the Board of MEDEA+ and the Board of Soitec, a French Company.  From 1999 until 2004, Mr. Dunn was President and Chief Executive Officer of ASM Lithography Holding N.V., an original equipment manufacturer in the semiconductor industry.  He was a member of the Managing Board of Royal Philips Electronics in 1998.  From 1996 to 1998 he was Chairman and Chief Executive Officer of Philips Consumer Electronics and from 1993 to 1996 Chairman and Chief Executive Officer of Philips Semiconductors.  From 1980 to 1993 he held various positions at Plessey
Semiconductors.  Prior to 1980, Mr.&nbsp;Dunn served in executive positions at
Motorola Semiconductors.</font></p>
<p align="left"><font size="2" face="sans-serif"><b>Francis Gavois </b>was appointed
    to the Supervisory Board in 1998. Mr.&nbsp;Gavois is a member of the Boards of Directors of Plastic Omnium and FT1CI and of the Supervisory Board of the Consortium de R&eacute;alisation (CDR).  He also served as the Chairman of the Supervisory Board of ODDO et Cie until May 2003.  From 1984 to 1997, Mr.&nbsp;Gavois held several positions, including Chairman of the Board of Directors and Chief Executive Officer of Banque Fran&ccedil;aise du Commerce Ext&eacute;rieur (BFCE).  Prior to that time Mr.&nbsp;Gavois
    held positions in the French government. He is Inspecteur des Finances and
    a graduate of the Institut d'Etudes Politiques de Paris and the Ecole Nationale
d'Administration.</font></p>
<p align="left"><font size="2" face="sans-serif"><b>Didier Lombard </b>has served
    as a member of the Supervisory Board since 2004 when he was appointed by
    the AGM to fulfill
the remaining term of R&eacute;my Dullieux, who had retired, through </font></p>
<p align="center"><font size="2" face="sans-serif">18</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<font face="sans-serif"><page>
<a name="p19"></a>
<p><a href="#contents"><font size="2">Back to Contents</font></a></p>
<p align="center"><b><img src="st.gif" width="108" height="65"></b></p>
</font>
<p align="left"><font size="2" face="sans-serif">the 2005 AGM.  Mr.&nbsp;Lombard currently serves as Executive Director and Member of the Executive Committee of France Telecom, in charge of Technologies, Strategic partnerships and New Usages.  Mr.&nbsp;Lombard began his career in the R&amp;D division of France Telecom in 1967, where he contributed to the development of several new products for France Telecom, in relationship with satellite and mobile systems.  From 1988 on, he served as scientific and technological director at the Ministry of Research and Technology, General Director for industrial strategies at the Ministry of Economy, Finances and Industry, and Delegate Ambassador for national investments and president of the French Agency for international investments.  Mr.&nbsp;Lombard is
also a member of the board of directors of Thomson.  Mr.&nbsp;Lombard is a graduate of the Ecole Polytechnique and the Ecole Nationale Sup&eacute;rieure des T&eacute;l&eacute;communications.</font></p>
<p align="left"><font size="2" face="sans-serif"><b>Tom de Waard</b> was appointed
    to the Supervisory Board in 1998. Mr.&nbsp;de Waard was appointed chairman of the Audit Committee by the Supervisory Board in 1999, and chairman of the Nominating and Corporate Governance Committee in 2004.  Mr.&nbsp;de Waard has been a partner of Clifford Chance, a leading international law firm since March&nbsp;2000 and has been the Managing Partner of Clifford Chance Amsterdam office since May&nbsp;1, 2002.  Since January 1, 2005, Mr. de Waard has served on the Management Committee of Clifford Chance representing continental Europe.  Prior to that, he was a partner at Stibbe, where he held several positions since 1971 and gained extensive experience working with major international companies, particularly
with respect to corporate finance.  He is a member of the Amsterdam bar and was President of the Netherlands Bar Association from 1993 through 1995.  He received his law degree from Leiden University in 1971.  Mr.&nbsp;De
Waard is a member of the Supervisory Board of BESI N.V.</font></p>
<p align="left"><font size="2" face="sans-serif"><b>Robert M. White </b>was appointed
    to the Supervisory Board in June&nbsp;1996.  Mr.&nbsp;White is a University Professor and Director of the Data Storage Systems Center at Carnegie Mellon University and serves as a member of several corporate boards, including that of Silicon Graphics, Inc.  He is a member of the U.S. National Academy of Engineering and the recipient of the American Physical Society&#8217;s Pake Prize.  From 1990 to 1993, Mr.&nbsp;White served as Under Secretary of Commerce for Technology in the United States Government.  Prior to 1990, Mr.&nbsp;White
    served in several key executive positions at Xerox Corporation, Control Data
    Corporation and MCC. He received a doctoral degree in physics from Stanford
    University and graduated with a degree in physics from Massachusetts Institute
of Technology.</font></p>
<p align="left"><font size="2" face="sans-serif"><b>Riccardo Gallo </b>has been
    a member of the Supervisory Board from 1997 and his term expires at our annual
    general meeting
    of shareholders to be held on March&nbsp;18, 2005. He is Associate Professor of Industrial Economics at the Engineering Faculty of &#8220;La Sapienza&#8221; University in Rome. He is also a member of the Board of Directors of Comitato Sir (since 1981). From 1982 to 1991, he served as Director General at the Italian Ministry of the National Budget. In the early 1990s, he served as Vice-Chairman of I.R.I, which was at the time the largest state-owned industrial holding. He currently serves as Chairman of IPI, the Italian Institute for Industrial Promotion. Mr.&nbsp;Gallo
    was previously a member of the Supervisory Board of ST Holding, a position
he resigned in 2003.</font></p>
<p align="left"><font size="2" face="sans-serif"><b>Alessandro Ovi </b>has been
    a member of the Supervisory Board from 1994 and his term expires at our annual
    general meeting
    of shareholders to be held on March&nbsp;18, 2005. He received a doctoral
    degree in Nuclear Engineering from the Politecnico in Milan and a masters
    degree in operations research from Massachusetts Institute of Technology.
    He currently is Special Advisor to the President of the European Community
and serves on the boards of Telecom Italia S.p.A., </font></p>
<p align="center"><font size="2" face="sans-serif">19</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<font face="sans-serif"><page>
<a name="p20"></a>
<p><a href="#contents"><font size="2">Back to Contents</font></a></p>
<p align="center"><b><img src="st.gif" width="108" height="65"></b></p>
</font>
<p align="left"><font size="2" face="sans-serif">Assicurazioni Generali S.p.A.,
    N.W. Fund, E.U.P.A.C. (Capital Group) and he is a life trustee of Carnegie
    Mellon University and
    a member of the Corporation Development Committee of the Massachusetts Institute
    of Technology. Until April&nbsp;2000, Mr.&nbsp;Ovi was the Chief Executive Officer of Tecnitel S.p.A., a subsidiary of Telecom Italia Group. Prior to joining Tecnitel S.p.A., Mr.&nbsp;Ovi
    was the Senior Vice President of International Affairs and Communications
at I.R.I.</font></p>
<p align="left"><font size="2" face="sans-serif"><b><u>Proposed new members of
        ST&#8217;s Supervisory
Board</u></b></font></p>
<p align="left"><font size="2" face="sans-serif"><b>Antonino Turicchi </b>is
    proposed for appointment to the Supervisory Board at the annual general meeting
    of shareholders to
    be held on March 18, 2005. Mr. Turicchi has been Managing Director of the
    Cassa Depositi e Prestiti in Rome since June 2002. Since 1994, Mr. Turicchi
    has held positions with the Italian Ministry of the Treasury (now known as
    the Ministry of the Economy and Finance). In 1999, he was promoted to director
    responsible for conducting securitization operations and managing financial
    operations as part of the treasury&#8217;s debt management functions.  Between
    1999 and June 2002, Mr. Turicchi was also a member of the board of Mediocredito
    del Friuli; from 1998 until 2000, he served on the board of Mediocredito
    di Roma; and
from 2000 until 2003, he served on the board of EUR S.p.A.</font></p>
<p align="left"><font size="2" face="sans-serif"><b>Matteo del Fante </b>is proposed
    for appointment to the Supervisory Board at the annual general meeting of
    shareholders to
    be held on March 18, 2005. Mr. Del Fante has been the Chief Financial Officer
    of Cassa Depositi e Prestiti in Rome since the end of 2003. Prior to joining
    CDP, Mr. Del Fante held several positions at JPMorgan Chase in London, England,
    where he became Managing Director in 1999. During his 13 years with JPMorgan
    Chase, Mr. Del Fante worked with large European clients on strategic and
    financial operations. Mr. Del Fante obtained his degree in Economics and
    Finance from Universit&agrave; Bocconi in Milan in 1992, after which he studied at New York University&#8217;s
Stern Business School.</font></p>
<p align="center"><font size="2" face="sans-serif">20</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<font face="sans-serif"><page>
</font>
<p align="center"><font size="2" face="sans-serif"><b><u>PERSONAL DATA<br>
  MR. BOZOTTI</u></b></font></p>
<table width="100%" border="0" cellpadding="0" cellspacing="0">
  <tr valign="top">
    <td width="15%"><font size="2" face="sans-serif">name</font></td>
    <td width="3%"><font size="2" face="sans-serif">:</font></td>
    <td align="left"><font size="2" face="sans-serif"> Carlo Bozotti</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">age</font></td>
    <td><font size="2" face="sans-serif">:</font></td>
    <td align="left"><font size="2" face="sans-serif">53</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">nationality</font></td>
    <td><font size="2" face="sans-serif">:</font></td>
    <td align="left"><font size="2" face="sans-serif">Italian</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">profession</font></td>
    <td><font size="2" face="sans-serif">:</font></td>
    <td align="left"><font size="2" face="sans-serif">Mr. Bozotti is currently Corporate
      Vice President and General Manager of the Memory Products Group of STMicroelectronics
      N.V.</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">other positions</font></td>
    <td><font size="2" face="sans-serif">:</font></td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">previous positions</font></td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">to the extent</font></td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif"> relevant</font></td>
    <td><font size="2" face="sans-serif">:</font></td>
    <td align="left"><font size="2" face="sans-serif">In 1977, Mr. Bozotti joined
        the high voltage transistor development laboratory of the Italian semiconductor
        manufacturer SGS-ATES. In 1980 he moved to the company&acute;s linear bipolar
      division, with responsibility for marketing telecom, computer peripherals,
      and automotive products, and by 1984 he was promoted to product manager
      for the same sectors. With the creation in 1987 of SGS-THOMSON Microelectronics
      N.V. (now STMicroelectronics N.V.), he became responsible for the Telecom
      Business Unit of the Dedicated Products Group. Subsequently, Mr. Bozotti
      was promoted to Director of Corporate Strategic Marketing and Key Accounts,
      within the &quot;Headquarter Region&quot; organization. In August 1991,
      he was appointed Corporate Vice President, Marketing and Sales, Americas.
      Three years later, Mr. Bozotti returned to the Company's headquarters to
      become Corporate Vice President for Europe and Headquarter regions. In
      this
      role, he was responsible for sales in Europe, for sales to key customers
      around the world, and worldwide strategic marketing. In July 1998, Mr.
      Bozotti
      accepted the challenge to become Corporate Vice President and General Manager
      of the Memory Products Group, which also includes the Company's smart card
      operations.</font></td>
  </tr>
</table>
<p align="center"><font size="2" face="sans-serif">21</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<font face="sans-serif"><page>
</font>
<table width="100%" border="0" cellpadding="0" cellspacing="0" dwcopytype="CopyTableRow">
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td width="15%"><font size="2" face="sans-serif">supervisory board</font></td>
    <td width="3%">&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">member of</font></td>
    <td><font size="2" face="sans-serif">:</font></td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">motivation&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td><font size="2" face="sans-serif">:</font></td>
    <td align="left"><font size="2" face="sans-serif">The candidacy of Mr. Bozotti
      as the sole member of the Managing Board is being proposed on the basis
      of his broad expertise in key areas such as: technology, manufacturing,
      marketing, and people management; combined with his presence and active
      role in the Corporation from its creation in 1987, this ensures not only
      a continuity of ST's culture, but also a deep understanding of ST's corporate
      life and overall knowledge of the industry.</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td colspan="3"><font size="2" face="sans-serif">Mr. Bozotti holds 49,500 shares
      in the capital of STMicroelectronics N.V.</font></td>
  </tr>
</table>
<p align="center"><font size="2" face="sans-serif">22</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<font face="sans-serif"><page>
</font>
<p align="center"><font size="2" face="sans-serif"><b><u>PERSONAL DATA<br>
  MR. DUTHEIL</u></b></font></p>
<table width="100%%" border="0" cellspacing="0" cellpadding="0">
  <tr valign="top">
    <td width="15%"><font size="2" face="sans-serif">name</font></td>
    <td width="3%"><font size="2" face="sans-serif">:</font></td>
    <td><font size="2" face="sans-serif">Alain Dutheil</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">age</font></td>
    <td><font size="2" face="sans-serif">:</font></td>
    <td><font size="2" face="sans-serif">59</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">nationality</font></td>
    <td><font size="2" face="sans-serif">:</font></td>
    <td><font size="2" face="sans-serif">French</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">profession</font></td>
    <td><font size="2" face="sans-serif">:</font></td>
    <td><font size="2" face="sans-serif">Mr. Dutheil is currently Corporate
      Vice President Strategic Planning and Human Resources of STMicroelectronics
      N.V.</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">other positions</font></td>
    <td><font size="2" face="sans-serif">:</font></td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">previous positions</font></td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">to the extent</font></td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">relevant</font></td>
    <td><font size="2" face="sans-serif">:</font></td>
    <td><font size="2" face="sans-serif">Mr. Dutheil joined Texas Instruments in 1969
      as a Production Engineer and then held several positions within this company.
      First as New Products Development Engineer in Dallas, Texas; then Engineering
      Manager; followed by Director for Discrete Products in France. In 1980,
      his attention to cultural issues outside strictly technical aspects, combined
      with his dedication to human relations and his interest in people management
      led to his appointment as Human Resources Director for Texas Instruments,
      France. Three years later he also became Director of Operations of Texas
      Instruments Portugal. Mr. Dutheil joined Thomson Semiconducteurs in 1983
      as Plant Manager of the Aix-en-Provence plant in France. He was later appointed
      General Manager for the Discrete Products Division, a position that he held
      until 1989, two years after the merger between the French company Thomson
      Semiconducteurs and the Italian manufacturer SGS Microelettronica that gave
      birth to the Franco-Italian group SGS-THOMSON Microelectronics, which then
      changed its name to STMicroelectronics. He became Corporate Vice President
      of the Company in 1989 and combined the positions of Director of Corporate
      Human Resources and Director for Worldwide Back-End Manufacturing (four
      plants and 8000 people throughout the world, at </font></td>
  </tr>
</table>

<p align="center"><font size="2" face="sans-serif">23</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<font face="sans-serif"><page>
</font>
<table width="100%" border="0" cellpadding="0" cellspacing="0">
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td width="15%"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td width="3%"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="left"><font size="2" face="sans-serif">that time). Five years later
      he relinquished his back-end manufacturing responsibilities to take on the
      challenge of the strategic direction of the company. In May 1994, Mr. Dutheil
      was appointed Corporate Vice President, Strategic Planning, in addition
      to his position as Corporate Vice President, Human Resources.</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">supervisory board</font></td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">member of&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td><font size="2" face="sans-serif">:&nbsp;</font></td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">motivation</font></td>
    <td><font size="2" face="sans-serif">:</font></td>
    <td align="left"><font size="2" face="sans-serif">Mr. Dutheil will be appointed
      as Chief Operating Officer on the basis of his broad expertise in key areas
      such as: technology, manufacturing, marketing, and people management; combined
      with his presence and active role in the Corporation from its creation in
      1987, this ensures not only a continuity of ST's culture, but also a deep
      understanding of ST's corporate life and overall knowledge of the industry.</font></td>
  </tr>
</table>
<p align="center"><font size="2" face="sans-serif">24</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<font face="sans-serif"><page>
</font>
<p align="center"><font size="2" face="sans-serif"><b><u>PERSONAL DATA<br>
  MR. ARBOLA</u></b></font></p>
<p align="center"><font size="2" face="sans-serif">(Section 2:142, subsection 3 Dutch
  Civil Code)</font></p>
<table width="100%%" border="0" cellspacing="0" cellpadding="0">
  <tr valign="top">
    <td width="15%"><font size="2" face="sans-serif">name</font></td>
    <td width="3%"><font size="2" face="sans-serif">:</font></td>
    <td><font size="2" face="sans-serif">G&eacute;rald Arbola</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">age</font></td>
    <td><font size="2" face="sans-serif">:</font></td>
    <td><font size="2" face="sans-serif">56</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">nationality</font></td>
    <td><font size="2" face="sans-serif">:</font></td>
    <td><font size="2" face="sans-serif">French</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">profession</font></td>
    <td><font size="2" face="sans-serif">:</font></td>
    <td><font size="2" face="sans-serif">Mr. Arbola is an Executive Board member of
      Areva and its Chief Financial Officer. Mr. Arbola has served as Chief Financial
      Officer and member of the Executive Board of AREVA since July 3, 2001. He
      is also currently Vice-chairman of the Supervisory Board of STMicroelectronics
      N.V.</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">other positions</font></td>
    <td><font size="2" face="sans-serif">:</font></td>
    <td><font size="2" face="sans-serif">Mr. Arbola is Chairman of the Board of Directors
      of FT1CI and furthermore a member of the Boards of Cogema, Framatome ANP.
      He is Vice-chairman of the Supervisory Board of STMicroelectronics Holding
      N.V.</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">previous positions</font></td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">to the extent</font></td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">relevant</font></td>
    <td><font size="2" face="sans-serif">:</font></td>
    <td><font size="2" face="sans-serif">Mr. Arbola is a graduate of the Institut
        d&#8217;Etudes
      Politiques de Paris and holds an advanced degree in economics. Mr. Arbola
        joined the Cogema group in 1982 as director of planning and strategy
        for
      SGN, then served as Chief Financial Officer at SGN from 1985 to 1989, becoming
        Executive Vice President of SGN in 1988, Chief Financial Officer of Cogema
        in 1992. He was appointed as a member of the Executive Committee in 1999,
        and also served as Chairman of the board of SGN in 1997 and 1998. Mr
        Arbola
      has been a member of the Supervisory Board of STMicroelectronics N.V. since
        2004, when he was appointed to fulfill the remaining term of Jean-Pierre
        Noblanc, through the 2005 AGM. Mr. Arbola has also served as the Vice-President
      of this Supervisory Board since his 2004 appointment.</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
</table>
<p align="center"><font size="2" face="sans-serif">25</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<font face="sans-serif"><page>
</font>
<table width="100%%" border="0" cellpadding="0" cellspacing="0" dwcopytype="CopyTableRow">
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td width="15%"><font size="2" face="sans-serif">supervisory board</font></td>
    <td width="3%">&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">member of</font></td>
    <td><font size="2" face="sans-serif">:</font></td>
    <td><font size="2" face="sans-serif">Vice-chairman of the Supervisory Board of
      STMicroelectronics Holding N.V., Vice-chairman of the Supervisory Board
      of STMicroelectronics N.V.</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">motivation</font></td>
    <td><font size="2" face="sans-serif">:</font></td>
    <td><font size="2" face="sans-serif">The candidacy of Mr. Arbola as a Supervisory
      Board member is being proposed on the basis of his specific financial and
      technical expertise, prior professional experience, soundness of judgment,
      ability to make analytical enquiries and willingness to devote the time
      required to adequately perform his activities as a Supervisory Board member</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td colspan="3"><font size="2" face="sans-serif">Mr. Arbola does not hold any shares
      in the capital of STMicroelectronics N.V.</font></td>
  </tr>
</table>
<p align="center"><font size="2" face="sans-serif">26</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<font face="sans-serif"><page>
</font>
<p align="center"><font size="2" face="sans-serif"><b><u>PERSONAL DATA<br>
  MR. DEL FANTE</u></b></font></p>
<p align="center"><font size="2" face="sans-serif">(Section 2:142, subsection 3 Dutch
  Civil Code)</font></p>
<table width="100%%" border="0" cellspacing="0" cellpadding="0">
  <tr valign="top">
    <td width="15%"><font size="2" face="sans-serif">name</font></td>
    <td width="3%"><font size="2" face="sans-serif">:</font></td>
    <td><font size="2" face="sans-serif">Matteo del Fante</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">age</font></td>
    <td><font size="2" face="sans-serif">:</font></td>
    <td><font size="2" face="sans-serif">37</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">nationality</font></td>
    <td><font size="2" face="sans-serif">:</font></td>
    <td><font size="2" face="sans-serif">Italian</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">profession</font></td>
    <td><font size="2" face="sans-serif">:</font></td>
    <td><font size="2" face="sans-serif">Mr. del Fante has been the Chief Financial
      Officer of Cassa Depositi e Prestiti in Rome since the end of 2003.</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">other positions</font></td>
    <td><font size="2" face="sans-serif">:</font></td>
    <td><font size="2" face="sans-serif">none</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">previous positions</font></td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">to the extent</font></td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">relevant</font></td>
    <td><font size="2" face="sans-serif">:</font></td>
    <td><font size="2" face="sans-serif">Prior to joining CDP, Mr. Del Fante
        held several positions at JPMorgan Chase in London, England, where he
        became Managing
      Director in 1999. During his 13 years with JPMorgan Chase, Mr. Del Fante
        worked with large European clients on strategic and financial operations.
        Mr. Del Fante obtained his degree in Economics and Finance from Universit&agrave;
      Bocconi in Milan in 1992, after which he studied at New York University&#8217;s
      Stern Business School.</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">supervisory board</font></td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">member of</font></td>
    <td><font size="2" face="sans-serif">:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td><font size="2" face="sans-serif">STMicroelectronics Holding N.V.</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">motivation</font></td>
    <td><font size="2" face="sans-serif">:</font></td>
    <td><font size="2" face="sans-serif">The candidacy of Mr. del Fante as a Supervisory
      Board member is being proposed on the basis of his specific expertise, prior
      professional experience, soundness of judgment, ability to make analytical
      enquiries and willingness to devote the time required to adequately perform
      his activities as a Supervisory Board member</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td colspan="3"><font size="2" face="sans-serif">Mr. del Fante does not hold any
      shares in the capital of STMicroelectronics N.V.</font></td>
  </tr>
</table>
<p align="center"><font size="2" face="sans-serif">27</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<font face="sans-serif"><page>
</font>
<p align="center"><font size="2" face="sans-serif"><b><u>PERSONAL DATA<br>
  MR. DE WAARD</u></b></font></p>
<p align="center"><font size="2" face="sans-serif">(Section 2:142, subsection 3 Dutch Civil Code)</font></p>
<table width="100%" border="0" cellpadding="0" cellspacing="0">
  <tr valign="top">
    <td width="15%"><font size="2" face="sans-serif">name</font></td>
    <td width="3%"><font size="2" face="sans-serif">:</font></td>
    <td align="left"><font size="2" face="sans-serif"> Tom de Waard</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">age</font></td>
    <td><font size="2" face="sans-serif">:</font></td>
    <td align="left"><font size="2" face="sans-serif"> 58</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">nationality</font></td>
    <td><font size="2" face="sans-serif">:</font></td>
    <td align="left"><font size="2" face="sans-serif">Dutch</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">profession</font></td>
    <td><font size="2" face="sans-serif">:</font></td>
    <td align="left"><font size="2" face="sans-serif">Laywer. Mr.&nbsp;De Waard has
      been a partner of Clifford Chance, a leading international law firm since
      March&nbsp;2000 and has been the Managing Partner of Clifford Chance Amsterdam
      office since May&nbsp;1, 2002.</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">other positions</font></td>
    <td><font size="2" face="sans-serif">:</font></td>
    <td align="left"><font size="2" face="sans-serif">Mr.&nbsp;De Waard is a
      member of the Supervisory Board of BESI N.V.</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">previous positions</font></td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">to the extent</font></td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">relevant</font></td>
    <td><font size="2" face="sans-serif">:</font></td>
    <td align="left"><font size="2" face="sans-serif">Mr. De Waard was a partner at
      Stibbe, where he held several positions since 1971 and gained extensive
      experience working with major international companies, particularly with
      respect to corporate finance. He is a member of the Amsterdam bar and was
      President of the Netherlands Bar Association from 1993 through 1995. He
      received his law degree from Leiden University in 1971. </font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">supervisory board</font></td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">member of</font></td>
    <td><font size="2" face="sans-serif">:</font></td>
    <td align="left"><font size="2" face="sans-serif">BESI N.V.</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">motivation</font></td>
    <td><font size="2" face="sans-serif">:</font></td>
    <td align="left"><font size="2" face="sans-serif">The candidacy of Mr. De Waard
      as a member of the Supervisory Board is being proposed on the basis of his
      specific expertise, prior professional experience, soundness of judgment,
      ability to make analytical enquiries and willingness to devote the time
      required to adequately perform his activities as a member of the Supervisory
      Board. </font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td colspan="3"><font size="2" face="sans-serif">Mr. De Waard holds 3,500
        common shares of STMicroelectronics N.V.</font></td>
  </tr>
</table>
<p align="center"><font size="2" face="sans-serif">28</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<font face="sans-serif"><page>
</font>
<p align="center"><font size="2" face="sans-serif"><b><u>PERSONAL DATA<br>
  MR. LOMBARD</u></b></font></p>
<p align="center"><font size="2" face="sans-serif">(Section 2:142, subsection 3 Dutch Civil Code)</font></p>
<table width="100%" cellspacing="0" cellpadding="0" border="0">
  <tr valign="top">
    <td width="15%"><font size="2" face="sans-serif">name</font></td>
    <td width="3%"><font size="2" face="sans-serif">:</font></td>
    <td align="left"><font size="2" face="sans-serif">Didier Lombard</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">age</font></td>
    <td><font size="2" face="sans-serif">:</font></td>
    <td align="left"><font size="2" face="sans-serif"> 63</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">nationality</font></td>
    <td><font size="2" face="sans-serif">:</font></td>
    <td align="left"><font size="2" face="sans-serif">French</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">profession</font></td>
    <td><font size="2" face="sans-serif">:</font></td>
    <td align="left"><font size="2" face="sans-serif">Mr. Lombard currently serves
      as Executive Director and Member of the Executive Committee of France Telecom,
      in charge of Technologies, Strategic partnerships and New Usages. He is
      also currently member of the Supervisory Board of STMicroelectronics N.V.</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">other positions</font></td>
    <td><font size="2" face="sans-serif">:</font></td>
    <td align="left"><font size="2" face="sans-serif">Mr. Lombard is a member
        of the Board of Directors of Orange, Wanadoo and member of the supervisory
        board
      of Radiall. Mr.&nbsp;Lombard is also a member of the board of directors
      of Thomson and member of the supervisory board of STMicroelectronics Holding
      N.V.</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">previous positions</font></td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">to the extent</font></td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">relevant</font></td>
    <td><font size="2" face="sans-serif">:</font></td>
    <td align="left"><font size="2" face="sans-serif">Mr. Lombard began his career
        in the R&amp;D division of France Telecom in 1967, where he contributed
      to the development of several new products for France Telecom, in relationship
      with satellite and mobile systems. From 1988 on, he served as scientific
      and technological director at the Ministry of Research and Technology, General
      Director for industrial strategies at the Ministry of Economy, Finances
      and Industry, and Delegate Ambassador for national investments and President
      of the French Agency for international investments. Mr. Lombard is a graduate
      of the Ecole Polytechnique and the Ecole Nationale Sup&eacute;rieure des
      T&eacute;l&eacute;communications. Mr Lombard spent several years as Ambassador
      in charge of foreign investment in France and as Chief Executive Officer
      of the French Agency for International Investment.</font></td>
  </tr>
</table>
<p align="center"><font size="2" face="sans-serif">29</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<font face="sans-serif"><page>
</font>
<table width="100%%" border="0" cellspacing="0" cellpadding="0">
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td width="15%"><font size="2" face="sans-serif">supervisory board</font></td>
    <td width="3%">&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">member of</font></td>
    <td><font size="2" face="sans-serif">:</font></td>
    <td><font size="2" face="sans-serif">STMicroelectronics N.V., STMicroelectronics
      Holding N.V., Radiall.</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">motivation</font></td>
    <td><font size="2" face="sans-serif">:</font></td>
    <td><font size="2" face="sans-serif">The candidacy of Mr. Lombard as a Supervisory
      Board member is being proposed on the basis of his specific financial and
      technical expertise, prior professional experience, soundness of judgment,
      ability to make analytical enquiries and willingness to devote the time
      required to adequately perform his activities as a Supervisory Board member.</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td colspan="3"><font size="2" face="sans-serif">Mr. Lombard holds 225 shares in
      the capital of STMicroelectronics N.V.</font></td>
  </tr>
</table>
<p align="center"><font size="2" face="sans-serif">30</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<font face="sans-serif"><page>
</font>
<p align="center"><font size="2" face="sans-serif"><b><u>PERSONAL DATA<br>
  MR. STEVE</u></b></font></p>
<p align="center"><font size="2" face="sans-serif">(Section 2:142, subsection 3 Dutch Civil Code)</font></p>
<table width="100%" cellspacing="0" cellpadding="0" border="0">
  <tr valign="top">
    <td width="15%"><font size="2" face="sans-serif">name</font></td>
    <td width="3%"><font size="2" face="sans-serif">:</font></td>
    <td align="left"><font size="2" face="sans-serif">Bruno Steve</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">age</font></td>
    <td><font size="2" face="sans-serif">:</font></td>
    <td align="left"><font size="2" face="sans-serif"> 63</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">nationality</font></td>
    <td><font size="2" face="sans-serif">:</font></td>
    <td align="left"><font size="2" face="sans-serif">Italian</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">profession</font></td>
    <td><font size="2" face="sans-serif">:</font></td>
    <td align="left"><font size="2" face="sans-serif">Professor at LUISSE Guido Carli
      University in Rome</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">other positions</font></td>
    <td><font size="2" face="sans-serif">:</font></td>
    <td align="left"><font size="2" face="sans-serif">Mr.&nbsp;Steve is currently
        President of the board of statutory auditors of Alitalia S.p.a. He is
        also currently
      Chairman of the Supervisory Board of STMicroelectronics N.V.</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">previous positions</font></td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">to the extent</font></td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">relevant</font></td>
    <td><font size="2" face="sans-serif">:</font></td>
    <td align="left"><font size="2" face="sans-serif">Mr. Steve has been with
        Istituto per la Ricostruzione Industriale&#150;IRI S.p.A. (&quot;I.R.I&quot;.), a
      former shareholder of Finmeccanica, Finmeccanica and other affiliates of
      I.R.I. in various senior positions for over 17 years. Until December 1999,
      he served as Chairman of MEI. He served as the Chief Operating Officer of
      Finmeccanica from 1988 to July&nbsp;1997 and Chief Executive Officer from
      May&nbsp;1995 to July&nbsp;1997. He was Senior Vice President of Planning,
      Finance and Control of I.R.I. from 1984 to 1988. Prior to 1984, Mr.&nbsp;Steve
      served in several key executive positions at Telecom Italia. Mr.
      Steve has been a member of the Supervisory Board of STMicroelectronics
      N.V. since 1989 and Chairman since March&nbsp;27, 2002. He served as Vice-Chairman
      of this Supervisory Board from 1989 to July&nbsp;1990 and from May&nbsp;1999
      through March&nbsp;2002. From July&nbsp;1990 to March&nbsp;1993 and from
      June&nbsp;1996 until May&nbsp;1999, Mr.&nbsp;Steve also served as Chairman
      of this Supervisory Board.</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">supervisory board</font></td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">member of</font></td>
    <td><font size="2" face="sans-serif">:</font></td>
    <td align="left"><font size="2" face="sans-serif">STMicroelectronics N.V.</font></td>
  </tr>
</table>
<p align="center"><font size="2" face="sans-serif">31</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<font face="sans-serif"><page>
</font>
<table width="100%" cellspacing="0" cellpadding="0" border="0">
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td width="15%"><font size="2" face="sans-serif">motivation</font></td>
    <td width="3%"><font size="2" face="sans-serif">:</font></td>
    <td align="left"><font size="2" face="sans-serif">The candidacy of Mr. Steve as
      a member of the Supervisory Board is being proposed on the basis of his
      specific expertise, prior professional experience, soundness of judgment,
      ability to make analytical enquiries and willingness to devote the time
      required to adequately perform his activities as a member of the Supervisory
      Board. </font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td colspan="3"><font size="2" face="sans-serif">Mr. Steve does not hold any shares
      in the capital of STMicroelectronics N.V.</font></td>
  </tr>
</table>
<p align="left">&nbsp;</p>
<p align="center"><font size="2" face="sans-serif">32</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<font face="sans-serif"><page>
</font>
<p align="center"><font size="2" face="sans-serif"><b><u>PERSONAL DATA<br>
  MR. TURICCHI</u></b></font></p>
<p align="center"><font size="2" face="sans-serif">(Section 2:142, subsection 3 Dutch Civil Code)</font></p>
<table width="100%" cellspacing="0" cellpadding="0" border="0">
  <tr valign="top">
    <td width="15%"><font size="2" face="sans-serif">name</font></td>
    <td width="3%"><font size="2" face="sans-serif">:</font></td>
    <td align="left"><font size="2" face="sans-serif"> Antonino Turicchi</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">age</font></td>
    <td><font size="2" face="sans-serif">:</font></td>
    <td align="left"><font size="2" face="sans-serif">40</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">nationality</font></td>
    <td><font size="2" face="sans-serif">:</font></td>
    <td align="left"><font size="2" face="sans-serif">Italian</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">profession</font></td>
    <td><font size="2" face="sans-serif">:</font></td>
    <td align="left"><font size="2" face="sans-serif">Mr. Turicchi has been Managing
      Director of Cassa Depositi e Prestiti in Rome since June 2002. </font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">other positions</font></td>
    <td><font size="2" face="sans-serif">:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td align="left"><font size="2" face="sans-serif">none</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">previous positions</font></td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">to the extent</font></td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">relevant</font></td>
    <td><font size="2" face="sans-serif">:</font></td>
    <td align="left"><font size="2" face="sans-serif">Since 1994, Mr. Turicchi
        has held positions with the Italian Ministry of the Treasury (now known
        as the
      Ministry of the Economy and Finance). In 1999, he was promoted to director
        responsible for conducting securitization operations and managing financial
        operations as part of the treasury&#8217;s debt management functions.
        Between 1999 and June 2002, Mr. Turicchi was also a member of the board
        of Mediocredito
      del Friuli; from 1998 until 2000, he served on the board of Mediocredito
      di Roma; and from 2000 until 2003, he served on the board of EUR S.p.A.</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">supervisory board</font></td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">member of</font></td>
    <td><font size="2" face="sans-serif">:</font></td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">motivation</font></td>
    <td><font size="2" face="sans-serif">:</font></td>
    <td align="left"><font size="2" face="sans-serif">The candidacy of Mr. Turicchi
      as a Supervisory Board member is being proposed on the basis of his specific
      expertise, prior professional experience, soundness of judgment, ability
      to make analytical enquiries and willingness to devote the time required
      to adequately perform his activities as a Supervisory Board member</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td colspan="3"><font size="2" face="sans-serif">Mr. Turricchi does not hold any
      shares in the capital of STMicroelectronics N.V.</font></td>
  </tr>
</table>
<p align="center"><font size="2" face="sans-serif">33</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<font face="sans-serif"><page>
</font>
<p align="center"><font size="2" face="sans-serif"><b><u>PERSONAL DATA<br>
  MR. DUNN</u></b></font></p>
<p align="center"><font size="2" face="sans-serif">(Section 2:142, subsection 3 Dutch Civil Code)</font></p>
<table width="100%" cellspacing="0" cellpadding="0" border="0">
  <tr valign="top">
    <td width="15%"><font size="2" face="sans-serif">name</font></td>
    <td width="3%"><font size="2" face="sans-serif">:</font></td>
    <td align="left"><font size="2" face="sans-serif"> Douglas John Dunn</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">age</font></td>
    <td><font size="2" face="sans-serif">:</font></td>
    <td align="left"><font size="2" face="sans-serif">60</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">nationality</font></td>
    <td><font size="2" face="sans-serif">:</font></td>
    <td align="left"><font size="2" face="sans-serif">British</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">profession</font></td>
    <td><font size="2" face="sans-serif">:</font></td>
    <td align="left"><font size="2" face="sans-serif">Manager</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">other positions</font></td>
    <td><font size="2" face="sans-serif">:</font></td>
    <td align="left"><font size="2" face="sans-serif">Mr.&nbsp;Dunn currently serves
      on the Board of Directors of ARM plc and Sendo plc, both UK companies. Mr.&nbsp;Dunn
      also serves on the Board of MEDEA+ and the Board of Soitec, a French Company.</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">previous positions</font></td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">to the extent</font></td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">relevant</font></td>
    <td><font size="2" face="sans-serif">:</font></td>
    <td align="left"><font size="2" face="sans-serif">From 1999 until 2004, Mr.
        Dunn was President and Chief Executive Officer of ASM Lithography Holding
        N.V.,
      an original equipment manufacturer in the semiconductor industry. He was
        a member of the Managing Board of Royal Philips Electronics in 1998.
        From
      1996 to 1998 he was Chairman and Chief Executive Officer of Philips Consumer
        Electronics and from 1993 to 1996 Chairman and Chief Executive Officer
        of
      Philips Semiconductors. From 1980 to 1993 he held various positions at
        Plessey Semiconductors. Prior to 1980, Mr.&nbsp;Dunn served in executive
        positions at Motorola Semiconductors. Mr Dunn was appointed to the Supervisory
        Board
      of STMicroelectronics N.V. in 2001.</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">supervisory board</font></td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">member of</font></td>
    <td><font size="2" face="sans-serif">:</font></td>
    <td align="left"><font size="2" face="sans-serif">STMicroelectronics N.V.</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">motivation</font></td>
    <td><font size="2" face="sans-serif">:</font></td>
    <td align="left"><font size="2" face="sans-serif">The candidacy of Mr. Dunn as
      a Supervisory Board member is being proposed on the basis of his specific
      expertise, prior professional experience, soundness of judgment, ability
      to make analytical enquiries and willingness to devote the time required
      to adequately perform his activities as a Supervisory Board member.</font></td>
  </tr>
</table>
<p align="center"><font size="2" face="sans-serif">34</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<font face="sans-serif"><page>
</font>
<p align="left"><font size="2" face="sans-serif">Mr. Dunn does not hold any shares in the capital of STMicroelectronics N.V.</font></p>
<p align="center"><font size="2" face="sans-serif">35</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<font face="sans-serif"><page>
</font>
<p align="center"><font size="2" face="sans-serif"><b><u>PERSONAL DATA<br>
  MR. GAVOIS</u></b></font></p>
<p align="center"><font size="2" face="sans-serif">(Section 2:142, subsection 3 Dutch Civil Code)</font></p>
<table width="100%" cellspacing="0" cellpadding="0" border="0">
  <tr valign="top">
    <td width="15%"><font size="2" face="sans-serif">name</font></td>
    <td width="3%"><font size="2" face="sans-serif">:</font></td>
    <td align="left"><font size="2" face="sans-serif"> Francis Gavois</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">age</font></td>
    <td><font size="2" face="sans-serif">:</font></td>
    <td align="left"><font size="2" face="sans-serif">69</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">nationality</font></td>
    <td><font size="2" face="sans-serif">:</font></td>
    <td align="left"><font size="2" face="sans-serif">French</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">profession</font></td>
    <td><font size="2" face="sans-serif">:</font></td>
    <td align="left"><font size="2" face="sans-serif">Retired &#150; Non Executive
      director</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">other positions</font></td>
    <td><font size="2" face="sans-serif">:</font></td>
    <td align="left"><font size="2" face="sans-serif">Member of the Board of
        Directors of Plastic Omnium and FT1CI, member of the Supervisory Board
        of the Consortium
      de R&eacute;alisation (CDR) and STMicroelectronics Holding N.V. Mr. Gavois
      is also currently member of the Supervisory Board of STMicroelectronics
      N.V.</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">previous positions</font></td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">to the extent</font></td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">relevant</font></td>
    <td><font size="2" face="sans-serif">:</font></td>
    <td align="left"><font size="2" face="sans-serif">Chairman of the Supervisory
        Board of ODDO et Cie, several positions, including Chairman of the Board
        of Directors
      and Chief Executive Officer of Banque Fran&ccedil;aise du Commerce Exterieur
      (BFCE), positions in the French government. Mr. Gavois was appointed to
      the Supervisory Board of STMicroelectronics N.V. in 1998.</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">supervisory board</font></td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">member of</font></td>
    <td><font size="2" face="sans-serif">:</font></td>
    <td align="left"><font size="2" face="sans-serif">STMicroelectronics N.V.,
      STMicroelectronics Holding N.V., Consortium de R&eacute;alisation (CDR)</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">motivation</font></td>
    <td><font size="2" face="sans-serif">:</font></td>
    <td align="left"><font size="2" face="sans-serif">The candidacy of Mr. Gavois as
      a member of the Supervisory Board is being proposed on the basis of his
      specific expertise, prior professional experience, soundness of judgment,
      ability to make analytical enquiries and willingness to devote the time
      required to adequately perform his activities as a member of the Supervisory
      Board. </font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td colspan="3"><font size="2" face="sans-serif">Mr. Gavois does not hold any shares
      in the capital of STMicroelectronics N.V.</font></td>
  </tr>
</table>
<p align="center"><font size="2" face="sans-serif">36</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<font face="sans-serif"><page>
</font>
<p align="center"><font size="2" face="sans-serif"><b><u>PERSONAL DATA<br>
  MR. WHITE</u></b></font></p>
<p align="center"><font size="2" face="sans-serif">(Section 2:142, subsection 3 Dutch Civil Code)</font></p>
<table width="100%" cellspacing="0" cellpadding="0" border="0">
  <tr valign="top">
    <td width="15%"><font size="2" face="sans-serif">name</font></td>
    <td width="3%"><font size="2" face="sans-serif">:</font></td>
    <td align="left"><font size="2" face="sans-serif">Robert M. White</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">age</font></td>
    <td><font size="2" face="sans-serif">:</font></td>
    <td align="left"><font size="2" face="sans-serif"> 66</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">nationality</font></td>
    <td><font size="2" face="sans-serif">:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td align="left"><font size="2" face="sans-serif">US</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">profession</font></td>
    <td><font size="2" face="sans-serif">:</font></td>
    <td align="left"><font size="2" face="sans-serif">Professor at Carnegie Mellon
      University, Pittsburgh, PA, USA</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">other positions</font></td>
    <td><font size="2" face="sans-serif">:</font></td>
    <td align="left"><font size="2" face="sans-serif">Mr. White serves as a member
        of several corporate boards, including that of Silicon Graphics, Inc.
        He
      is a member of the U.S. National Academy of Engineering and the recipient
      of the American Physical Society&#8217;s Pake Prize.</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">previous positions</font></td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">to the extent</font></td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">relevant</font></td>
    <td><font size="2" face="sans-serif">:</font></td>
    <td align="left"><font size="2" face="sans-serif">From 1990 to 1993, Mr.&nbsp;White
      served as Under Secretary of Commerce for Technology in the United States
      Government. Prior to 1990, Mr.&nbsp;White served in several key executive
      positions at Xerox Corporation, Control Data Corporation and MCC. He received
      a doctoral degree in physics from Stanford University and graduated with
      a degree in physics from Massachusetts Institute of Technology. Mr. White
      was appointed to the Supervisory Board of STMicroelectronics N.V. in June&nbsp;1996.</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">supervisory board</font></td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">member of</font></td>
    <td><font size="2" face="sans-serif">:</font></td>
    <td align="left"><font size="2" face="sans-serif">STMicroelectronics N.V.</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">motivation</font></td>
    <td><font size="2" face="sans-serif">:</font></td>
    <td align="left"><font size="2" face="sans-serif">The candidacy of Mr. White as
      a member of the Supervisory Board is being proposed on the basis of his
      specific expertise, prior professional experience, soundness of judgment,
      ability to make analytical enquiries and willingness to devote the time
      required to adequately perform his activities as a member of the Supervisory
      Board. </font></td>
  </tr>
</table>
<p>&nbsp;</p>
<p align="center"><font size="2" face="sans-serif">37</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<font face="sans-serif"><page>
</font>
<p align="left"><font size="2" face="sans-serif">Mr. White does not hold any shares in the capital of STMicroelectronics N.V.</font></p>
<p align="center"><font size="2" face="sans-serif">38</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<font face="sans-serif"><page>
<p><img src="stmicro-st.gif" width="577" height="52"></p>
</font>
<p align="center"><font size="2" face="sans-serif"><b><u>Proposed resolutions and shareholders
  information<br>
  for the Annual General Meeting
  of Shareholders of STMicroelectronics N.V.<br>
  to be held on March 18, 2005
  in Amsterdam</u></b></font></p>
<p align="left"><font size="2" face="sans-serif">The Supervisory Board proposes:</font></p>
<p align="left"><font size="2" face="sans-serif"><b><u>Agenda item 4-a</u> - Resolution
  1</b></font></p>
<p align="left"><font size="2" face="sans-serif">To adopt the annual accounts for the financial year 2004, as drawn up by the Managing Board, examined and audited by the auditors PricewaterhouseCoopers N.V.</font></p>
<p align="left"><font size="2" face="sans-serif"><b><u>Agenda item 4-b</u> - Resolution
  2 and information</b></font></p>
<p align="left"><font size="2" face="sans-serif">To distribute a dividend in cash of US$0.12 per common share.</font></p>
<p align="left"><font size="2" face="sans-serif"><b><u>Agenda item 4-c</u> - Resolution
  3</b></font></p>
<p align="left"><font size="2" face="sans-serif">To discharge the sole member of the Managing Board for his management during the financial year 2004.</font></p>
<p align="left"><font size="2" face="sans-serif"><b><u>Agenda item 4-d</u> - Resolution
  4</b></font></p>
<p align="left"><font size="2" face="sans-serif">To discharge the members of the Supervisory Board for their supervision during the financial year 2004.</font></p>
<p align="left"><font size="2" face="sans-serif"><b><u>Agenda item 5</u> - Resolution
  5 and information</b></font></p>
<p align="left"><font size="2" face="sans-serif">To appoint Mr. Carlo Bozotti as the new sole member of the Managing Board with the function of President and Chief Executive Officer for a three-year term effective as of our 2005 AGM (to expire at the end of our 2008 AGM).</font></p>
<p align="left"><font size="2" face="sans-serif">To take note of the decision of the Supervisory Board, upon the proposal of Mr. Bozotti, to endorse the appointment of Mr. Alain Dutheil as Chief Operating Officer reporting to Mr. Bozotti as sole member of the Managing Board and President and Chief Executive Officer.  </font></p>
<p align="left"><font size="2" face="sans-serif"><b><u>Agenda item 6</u> - Resolution
  6 and information</b></font></p>
<p align="left"><font size="2" face="sans-serif">The Supervisory Board proposes
    to reappoint Messrs.&nbsp;Arbola, de Waard, Lombard and Steve for three additional
  years, and to appoint for the same term of three years Messrs. Del Fante
  and Turicchi to replace the two outgoing members of the Supervisory Board.
    The Supervisory Board proposes to reappoint Messrs. Gavois, Dunn and White
    for one
  additional year, allowing the Supervisory Board the opportunity to consider
  renewals or new appointments in the coming years. </font></p>
<table width="100%" border="0" cellpadding="0" cellspacing="0">
  <tr valign="top">
    <td width="3%"><font size="2" face="sans-serif">a.</font></td>
    <td align="left"><font size="2" face="sans-serif"> To appoint Mr. G&eacute;rald
        Arbola as a member of the Supervisory Board for a three-year term effective
      as of our 2005 AGM (to expire at the end of our 2008 AGM).</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">b.</font></td>
    <td align="left"><font size="2" face="sans-serif"> To appoint Matteo del
        Fante as a member of the Supervisory Board for a three-year term effective
      as of our 2005 AGM (to expire at the end of our 2008 AGM).</font></td>
  </tr>
</table>
<p align="center"><font size="2" face="sans-serif">39</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<font face="sans-serif"><page>
<p><img src="stmicro-st.gif" width="577" height="52"></p>
</font>
<table width="100%" border="0" cellpadding="0" cellspacing="0">
  <tr valign="top">
    <td><font size="2" face="sans-serif">c.</font></td>
    <td align="left"><font size="2" face="sans-serif"> To appoint Mr. Tom de
        Waard as a member of the Supervisory Board for a three-year term effective
      as of our 2005 AGM (to expire at the end of our 2008 AGM).</font></td>
  </tr>
  <tr valign="top">
    <td width="3%">&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">d.</font></td>
    <td align="left"><font size="2" face="sans-serif"> To appoint Mr. Didier
        Lombard as a member of the Supervisory Board for a three-year term effective
      as of our 2005 AGM (to expire at the end of our 2008 AGM).</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">e.</font></td>
    <td align="left"><font size="2" face="sans-serif"> To appoint Mr. Bruno Steve
        as a member of the Supervisory Board for a three-year term effective
      as of our 2005 AGM (to expire at the end of our 2008 AGM).</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">f.</font></td>
    <td align="left"><font size="2" face="sans-serif"> To appoint Antonino Turicchi
        as a member of the Supervisory Board for a three-year term effective
      as of our 2005 AGM (to expire at the end of our 2008 AGM).</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">g.</font></td>
    <td align="left"><font size="2" face="sans-serif"> To appoint Mr. Douglas
        Dunn as a member of the Supervisory Board for a one-year term effective
      as of our 2005 AGM (to expire at the end of our 2006 AGM).</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">h.</font></td>
    <td align="left"><font size="2" face="sans-serif"> To appoint Mr. Francis
        Gavois as a member of the Supervisory Board for a one-year term effective
      as of our 2005 AGM (to expire at the end of our 2006 AGM).</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">i.</font></td>
    <td align="left"><font size="2" face="sans-serif"> To appoint Mr. Robert
        White as a member of the Supervisory Board for a one-year term effective
      as of our 2005 AGM (to expire at the end of our 2006 AGM).</font></td>
  </tr>
</table>
<p><font size="2" face="sans-serif"><b><u>Agenda item 7</u> - Resolution 7</b></font></p>
<p align="left"><font size="2" face="sans-serif">To appoint PricewaterhouseCoopers
    N.V. as the Company&#8217;s auditors for a three-year term effective as of
    our 2005 AGM
(to expire at the end of our 2008 AGM).</font></p>
<p align="left"><font size="2" face="sans-serif"><b><u>Agenda item 8</u> -     Resolution 8</b></font></p>
<table width="100%" border="0" cellpadding="0" cellspacing="0">
  <tr valign="top">
    <td><font size="2" face="sans-serif">a.</font></td>
    <td align="left"><font size="2" face="sans-serif"> To approve the compensation
      policy for the Managing Board.</font></td>
  </tr>
  <tr valign="top">
    <td width="3%">&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">b.</font></td>
    <td align="left"><font size="2" face="sans-serif"> To approve the delegation
        to the Supervisory Board of the power to grant Mr. Bozotti up to a maximum
        number of 100,000 shares for services to be rendered in 2005, either
        in options or some other form of stock-based compensation to Mr. Bozotti.
        The grant of such stock-based compensation to Mr.&nbsp;Bozotti will be
        tied to the performance of the Company, according to quantifiable criteria
      to be fixed by the Supervisory Board.</font></td>
  </tr>
</table>
<p align="left"><font size="2" face="sans-serif"><b><u>Agenda item 9</u> - Resolution 9</b></font></p>
<p align="left"><font size="2" face="sans-serif">To increase the compensation of the Chairman and the Vice Chairman of the Supervisory Board to US$150,000 per annum; to increase the compensation of the President of the Audit Committee to US$150,000 per annum; to increase the compensation of the other members of the Supervisory Board to US$75,000 per annum; to maintain the compensation of the members of the Audit Committee at US$10,000 per annum; to maintain the compensation of the members of the Compensation Committee at US$5,000 per annum; to maintain the compensation of the members of the Strategic Committee at US$5,000 per annum; to maintain the compensation of the members of the Nominating and Corporate Governance Committee at US$5,000 per annum; to maintain the attendance fee per meeting
of the Supervisory Board and of any Committee of the Supervisory Board at US$2,000 (with no limitation on the number of Committees on which Supervisory Board members may serve); and to maintain that attendance fees per meeting by telephone or videoconference at US$500.</font></p>
<p align="center"><font size="2" face="sans-serif">40</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<font face="sans-serif"><page>
<p><img src="stmicro-st.gif" width="577" height="52"></p>
</font>
<p align="left"><font size="2" face="sans-serif"><b><u>Agenda item 10</u> - Resolution 10</b></font></p>
<p align="left"><font size="2" face="sans-serif">To approve the amendment to
    the Company's existing 2001 Employee Stock Option Plan as proposed by the
    Supervisory Board. The
    existing 2001 Employee Stock Option Plan will be amended in such a way that
    senior management may be granted restricted shares, subject to certain performance
    requirements for the Company to be fixed by the Supervisory Board. The maximum
    number of &quot;restricted&quot; shares shall be four million shares and shall fall within the outstanding number of approximately fifteen million options that still remain to be granted under the existing 2001 Stock Option Plan.  The shareholders are also requested to confirm the Supervisory Board&#8217;s
    authority to reduce the vesting period and the term of Stock Options previously
granted.</font></p>
<p align="left"><font size="2" face="sans-serif"><b><u>Agenda item 11</u> - Resolution 11</b></font></p>
<p align="left"><font size="2" face="sans-serif">To approve for a three-year period the grant of stock-based compensation to members and professionals of the Supervisory Board based on the following terms and conditions:</font></p>
<table width="100%" border="0" cellpadding="0" cellspacing="0">
  <tr valign="top">
    <td><font size="2" face="sans-serif">a.</font></td>
    <td align="left"><font size="2" face="sans-serif"> a maximum number of 6,000
        newly issued shares per year for each member of the Supervisory Board
        and 3,000 newly issued shares per year for each professional of the Supervisory
      Board;</font></td>
  </tr>
  <tr valign="top">
    <td width="3%">&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">b.</font></td>
    <td align="left"><font size="2" face="sans-serif"> at a price per share of &euro;1.04
      per share, the nominal value of ST shares;</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">c.</font></td>
    <td align="left"><font size="2" face="sans-serif"> with one-third of the
        shares vesting after one year, the second-third vesting after two years,
        and the last third vesting after three years, and with each option valid
        from ten years after its vesting date, and otherwise issued pursuant
      to the same conditions as the 2002-2005 Supervisory Board plan. </font></td>
  </tr>
</table>
<p align="left"><font size="2" face="sans-serif"><b><u>Agenda item 12</u> - Resolution 12</b></font></p>
<p align="left"><font size="2" face="sans-serif">To amend the Company&#8217;s Articles of Association in conformity with the draft notarial deed prepared by De Brauw Blackstone Westbroek, dated February&nbsp;10,
    2005 (Dutch wording) and to authorize any and all lawyers practicing with
    De Brauw Blackstone Westbroek to apply to the Ministry of Justice for the
    required declaration of no-objection as well as to execute the notarial deed
of amendment.</font></p>
<p align="left"><font size="2" face="sans-serif">The amendments result from changes in Dutch company law effective as of October 1, 2004 and from the Dutch Corporate Governance Code. The amendments mainly concern the following items:</font></p>
<table width="100%" border="0" cellpadding="0" cellspacing="0">
  <tr valign="top">
    <td width="3%"></td>
    <td width="3%"><font size="2" face="sans-serif"> &#149;</font></td>
    <td><font size="2" face="sans-serif"> The general meeting of shareholders
        shall determine the compensation policy of the Managing Board. This compensation
      policy shall be proposed by the Supervisory Board. </font></td>
  </tr>
  <tr valign="top">
    <td></td>
    <td><font size="2" face="sans-serif">&#149;</font></td>
    <td><font size="2" face="sans-serif"> The Supervisory Board shall determine
        the compensation of the sole member of the Managing Board within the
        scope of the Company&acute;s compensation policy. The Supervisory Board
        shall also determine and submit for approval to the general meeting of
        shareholders a proposal regarding compensation in the form of shares
        or rights to acquire shares, including at least how many shares or rights
        to acquire shares may be awarded to the Managing Board and which criteria
      apply to an award or a modification.</font></td>
  </tr>
</table>
<p align="center"><font size="2" face="sans-serif">41</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<font face="sans-serif"><page>
<p><img src="stmicro-st.gif" width="577" height="52"></p>
</font>
<table width="100%" border="0" cellpadding="0" cellspacing="0">
  <tr valign="top">
    <td width="3%"></td>
    <td width="3%"><font size="2" face="sans-serif"> &#149;</font></td>
    <td><font size="2" face="sans-serif"> Certain major Managing Board resolutions
        regarding a significant change in the Company&acute;s identity or nature
      require shareholder approval.</font></td>
  </tr>
  <tr valign="top">
    <td></td>
    <td><font size="2" face="sans-serif">&#149;</font></td>
    <td><font size="2" face="sans-serif"> Certain information must be submitted
      to and approved by the Supervisory Board.</font></td>
  </tr>
  <tr valign="top">
    <td></td>
    <td><font size="2" face="sans-serif">&#149;</font></td>
    <td><font size="2" face="sans-serif"> Shareholders having a participating
        interest in the Company of at least 1% of the Company&acute;s issued
        share capital (or representing a market value of at least EUR 50,000,000)
        shall have the right to add agenda items for a general meeting of shareholders
        if such proposal is made in writing within a period of sixty days before
        that meeting, unless the Company determines that adding such item to
      the AGM agenda would be contrary to the Company&#8217;s best interests. </font></td>
  </tr>
</table>
<p><font size="2" face="sans-serif"><b><u>Agenda item 13</u> - Information</b></font></p>
<p align="left"><font size="2" face="sans-serif">The Company is greatly indebted to Mr. Pasquale Pistorio for his very significant contribution as President, Chief Executive Officer and sole member of the Managing Board.  We express our deep appreciation to Mr. Pistorio for his role in steering the Company since its creation in 1987 to become one of the leaders in the semiconductor industry.  The Supervisory Board has also decided to name Mr. Pistorio Honorary Chairman of the Company.</font></p>
<p align="center"><font size="2" face="Arial, Helvetica, sans-serif">42</font></p>

<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always">
  <a name="p??"></a> <page>
  <p>&nbsp;</p>
  <table width="100%" border=0 cellspacing=0 cellpadding=0>
    <tr valign="top">
      <td width="60%">&nbsp;</td>
      <td width="3%"><font size=1 face="Helvetica-Condensed,Arial,Helvetica,sans-serif">1.</font></td>
      <td colspan="2"><font size=1 face="Helvetica-Condensed,Arial,Helvetica,sans-serif">Discussion
          on and adoption of the annual accounts for the 2004 financial year;</font></td>
    </tr>
    <tr>
      <td valign="top" width="3%">&nbsp;</td>
      <td valign="top" width="3%"><font size=1 face="Helvetica-Condensed,Arial,Helvetica,sans-serif">2.</font></td>
      <td valign="top" colspan="2"><font size=1 face="Helvetica-Condensed,Arial,Helvetica,sans-serif">Information
          on retained earnings and dividend policy and adoption of a dividend
          of $0.12 per common share;</font></td>
    </tr>
    <tr>
      <td valign="top" width="3%">&nbsp;</td>
      <td valign="top" width="3%"><font size=1 face="Helvetica-Condensed,Arial,Helvetica,sans-serif">3.</font></td>
      <td valign="top" colspan="2"><font size=1 face="Helvetica-Condensed,Arial,Helvetica,sans-serif">Discharge
          of the sole member of the Managing Board; and</font></td>
    </tr>
    <tr>
      <td valign="top" width="3%">&nbsp;</td>
      <td valign="top" width="3%"><font size=1 face="Helvetica-Condensed,Arial,Helvetica,sans-serif">4.</font></td>
      <td valign="top" colspan="2"><font size=1 face="Helvetica-Condensed,Arial,Helvetica,sans-serif">Discharge
          of the members of the Supervisory Board.</font></td>
    </tr>
    <tr>
      <td valign="top" width="3%">&nbsp;</td>
      <td valign="top" width="3%"><font size=1 face="Helvetica-Condensed,Arial,Helvetica,sans-serif">5.</font></td>
      <td valign="top" colspan="2"><font size=1 face="Helvetica-Condensed,Arial,Helvetica,sans-serif">Appointment
          of the new sole member of the Managing Board.</font></td>
    </tr>
    <tr>
      <td valign="top" width="3%">&nbsp;</td>
      <td valign="top" width="3%"><font size=1 face="Helvetica-Condensed,Arial,Helvetica,sans-serif">6.</font></td>
      <td valign="top"><font size=1 face="Helvetica-Condensed,Arial,Helvetica,sans-serif">a.</font></td>
      <td valign="top"><font size=1 face="Helvetica-Condensed,Arial,Helvetica,sans-serif"> To
          appoint Mr. G&eacute;rald Arbola as a member of the Supervisory Board
          for a three-year term effective as of our 2005 AGM (to expire at the
      end of our 2008 AGM).</font></td>
    </tr>
    <tr>
      <td valign="top" width="3%">&nbsp;</td>
      <td valign="top" width="3%">&nbsp;</td>
      <td valign="top" width="3%"><font size=1 face="Helvetica-Condensed,Arial,Helvetica,sans-serif">b.</font></td>
      <td valign="top"><font size=1 face="Helvetica-Condensed,Arial,Helvetica,sans-serif">To
          appoint Matteo del Fante as a member of the Supervisory Board for a
          three-year term effective as of our 2005 AGM (to expire at the end
          of our 2008 AGM).</font></td>
    </tr>
    <tr>
      <td valign="top" width="3%">&nbsp;</td>
      <td valign="top" width="3%">&nbsp;</td>
      <td valign="top" width="3%"><font size=1 face="Helvetica-Condensed,Arial,Helvetica,sans-serif">c.</font></td>
      <td valign="top"><font size=1 face="Helvetica-Condensed,Arial,Helvetica,sans-serif">To
          appoint Mr. Tom de Waard as a member of the Supervisory Board for a
          three-year term effective as of our 2005 AGM (to expire at the end
          of our 2008 AGM).</font></td>
    </tr>
    <tr>
      <td valign="top" width="3%">&nbsp;</td>
      <td valign="top" width="3%">&nbsp;</td>
      <td valign="top" width="3%"><font size=1 face="Helvetica-Condensed,Arial,Helvetica,sans-serif">d.</font></td>
      <td valign="top"><font size=1 face="Helvetica-Condensed,Arial,Helvetica,sans-serif">To
          appoint Mr. Didier Lombard as a member of the Supervisory Board for
          a three-year term effective as of our 2005 AGM (to expire at the end
          of our 2008 AGM).</font></td>
    </tr>
    <tr>
      <td valign="top" width="3%">&nbsp;</td>
      <td valign="top" width="3%">&nbsp;</td>
      <td valign="top" width="3%"><font size=1 face="Helvetica-Condensed,Arial,Helvetica,sans-serif">e.</font></td>
      <td valign="top"><font size=1 face="Helvetica-Condensed,Arial,Helvetica,sans-serif">To
          appoint Mr. Bruno Steve as a member of the Supervisory Board for a
          three-year term effective as of our 2005 AGM (to expire at the end
          of our 2008 AGM).</font></td>
    </tr>
    <tr>
      <td valign="top" width="3%">&nbsp;</td>
      <td valign="top" width="3%">&nbsp;</td>
      <td valign="top" width="3%"><font size=1 face="Helvetica-Condensed,Arial,Helvetica,sans-serif">f.</font></td>
      <td valign="top"><font size=1 face="Helvetica-Condensed,Arial,Helvetica,sans-serif">To
          appoint Antonino Turicchi as a member of the Supervisory Board for
          a three-year term effective as of our 2005 AGM (to expire at the end
          of our 2008 AGM).</font></td>
    </tr>
    <tr>
      <td valign="top" width="3%">&nbsp;</td>
      <td valign="top" width="3%">&nbsp;</td>
      <td valign="top" width="3%"><font size=1 face="Helvetica-Condensed,Arial,Helvetica,sans-serif">g.</font></td>
      <td valign="top"><font size=1 face="Helvetica-Condensed,Arial,Helvetica,sans-serif">To
          appoint Mr. Douglas Dunn as a member of the Supervisory Board for a
          one-year term effective as of our 2005 AGM (to expire at the end of
          our 2006 AGM).</font></td>
    </tr>
    <tr>
      <td valign="top" width="3%">&nbsp;</td>
      <td valign="top" width="3%">&nbsp;</td>
      <td valign="top" width="3%"><font size=1 face="Helvetica-Condensed,Arial,Helvetica,sans-serif">h.</font></td>
      <td valign="top"><font size=1 face="Helvetica-Condensed,Arial,Helvetica,sans-serif">To
          appoint Mr. Francis Gavois as a member of the Supervisory Board for
          a one-year term effective as of our 2005 AGM (to expire at the end
          of our 2006 AGM).</font></td>
    </tr>
    <tr>
      <td valign="top" width="3%">&nbsp;</td>
      <td valign="top" width="3%">&nbsp;</td>
      <td valign="top" width="3%"><font size=1 face="Helvetica-Condensed,Arial,Helvetica,sans-serif">i.</font></td>
      <td valign="top"><font size=1 face="Helvetica-Condensed,Arial,Helvetica,sans-serif">To
          appoint Mr. Robert White as a member of the Supervisory Board for a
          one-year term effective as of our 2005 AGM (to expire at the end of
          our 2006 AGM).</font></td>
    </tr>
    <tr>
      <td valign="top" width="3%"><font size="1">&nbsp;</font></td>
      <td valign="top" width="3%"><font size=1 face="Helvetica-Condensed,Arial,Helvetica,sans-serif">7.</font></td>
      <td valign="top" colspan="2"><font size=1 face="Helvetica-Condensed,Arial,Helvetica,sans-serif">Appointment
          of Pricewaterhouse-Coopers N.V. as the Company&#146;s Auditors.</font></td>
    </tr>
    <tr>
      <td valign="top" width="3%"><font size="1">&nbsp;</font></td>
      <td valign="top" width="3%"><font size=1 face="Helvetica-Condensed,Arial,Helvetica,sans-serif">8.</font></td>
      <td valign="top" colspan="2"><font size=1 face="Helvetica-Condensed,Arial,Helvetica,sans-serif">Approval
          of the compensation policy for the Managing Board.</font></td>
    </tr>
    <tr>
      <td valign="top" width="3%"><font size="1">&nbsp;</font></td>
      <td valign="top" width="3%"><font size=1 face="Helvetica-Condensed,Arial,Helvetica,sans-serif">9.</font></td>
      <td valign="top" colspan="2"><font size=1 face="Helvetica-Condensed,Arial,Helvetica,sans-serif">Approval
          of the compensation of the members of the Supervisory Board.</font></td>
    </tr>
    <tr>
      <td valign="top" width="3%"><font size="1">&nbsp;</font></td>
      <td valign="top" width="3%"><font size=1 face="Helvetica-Condensed,Arial,Helvetica,sans-serif">10.</font></td>
      <td valign="top" colspan="2"><font size=1 face="Helvetica-Condensed,Arial,Helvetica,sans-serif">Approval
          of the amendment to the Company&#146;s existing 2001 Employee Stock
          Option Plan.</font></td>
    </tr>
    <tr>
      <td valign="top" width="3%"><font size="1">&nbsp;</font></td>
      <td valign="top" width="3%"><font size=1 face="Helvetica-Condensed,Arial,Helvetica,sans-serif">11.</font></td>
      <td valign="top" colspan="2"><font size=1 face="Helvetica-Condensed,Arial,Helvetica,sans-serif">Approval
          of the new three-year Stock-based Compensation Plan for members and
          professionals of the Supervisory Board.</font></td>
    </tr>
    <tr>
      <td valign="top" width="3%"><font size="1">&nbsp;</font></td>
      <td valign="top" width="3%"><font size=1 face="Helvetica-Condensed,Arial,Helvetica,sans-serif">12.</font></td>
      <td valign="top" colspan="2"><font size=1 face="Helvetica-Condensed,Arial,Helvetica,sans-serif">Amendment
          to the Articles of Association (including authorization to execute
          the deed of amendment) required by changes in Dutch law and corporate
          governance standards.</font></td>
    </tr>
  </table>
  <p align="center"><b><font size=1 face="Helvetica-Bold,Arial,Helvetica,sans-serif"><img src="trix1x1.jpg" width="20" height="22">DETACH
        PROXY CARD HERE<img src="trix1x1.jpg" width="20" height="22"></font></b></p>
  <table width="100%" align="center" border=0 cellspacing=0 cellpadding=0>
    <tr>
      <td align="left">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td colspan="3" align="left"><font size=1 face="Helvetica-Condensed,Arial,Helvetica,sans-serif">Mark,
          Sign, Date and Return<br>
      </font></td>
      <td align="center">&nbsp;</td>
      <td align="center"><img src="tickedbox.gif" width="12" height="12"></td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="left">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
    </tr>
    <tr>
      <td align="left">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td colspan="3" align="left"><font size=1 face="Helvetica-Condensed,Arial,Helvetica,sans-serif">the
          Proxy Card Promptly</font></td>
      <td align="center">&nbsp;</td>
      <td colspan="3" align="left"><font size=1 face="Helvetica-Condensed,Arial,Helvetica,sans-serif">Votes
          must be indicated</font></td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="left">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
    </tr>
    <tr>
      <td align="left">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td colspan="3" align="left"><font size=1 face="Helvetica-Condensed,Arial,Helvetica,sans-serif">Using
          the Enclosed Envelope.</font></td>
      <td align="center">&nbsp;</td>
      <td colspan="3" align="left"><font size=1 face="Helvetica-Condensed,Arial,Helvetica,sans-serif">(x)</font>&nbsp;<font size=1 face="Helvetica-Condensed,Arial,Helvetica,sans-serif">in
          Black or Blue ink.</font></td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="left">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
    </tr>
    <tr>
      <td align="left">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="left">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
    </tr>
    <tr>
      <td align="left">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="left">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
    </tr>
    <tr>
      <td width="3%" align="left">&nbsp;</td>
      <td align="center" width="5%"><b><font size=1 face="Helvetica-Condensed-Bold,Arial,Helvetica,sans-serif">FOR</font></b></td>
      <td align="center" width="5%"><b><font size=1 face="Helvetica-Condensed-Bold,Arial,Helvetica,sans-serif">AGAINST</font></b></td>
      <td align="center" width="5%"><b><font size=1 face="Helvetica-Condensed-Bold,Arial,Helvetica,sans-serif">ABSTAIN</font></b></td>
      <td align="center" width="2%">&nbsp;</td>
      <td align="center" width="3%">&nbsp;</td>
      <td align="center" width="5%"><b><font size=1 face="Helvetica-Condensed-Bold,Arial,Helvetica,sans-serif">FOR</font></b></td>
      <td align="center" width="5%"><b><font size=1 face="Helvetica-Condensed-Bold,Arial,Helvetica,sans-serif">AGAINST</font></b></td>
      <td align="center" width="5%"><b><font size=1 face="Helvetica-Condensed-Bold,Arial,Helvetica,sans-serif">ABSTAIN</font></b></td>
      <td align="center" width="2%">&nbsp;</td>
      <td align="center" width="3%">&nbsp;</td>
      <td align="center" width="5%"><b><font size=1 face="Helvetica-Condensed-Bold,Arial,Helvetica,sans-serif">FOR</font></b></td>
      <td align="center" width="5%"><b><font size=1 face="Helvetica-Condensed-Bold,Arial,Helvetica,sans-serif">AGAINST</font></b></td>
      <td align="center" width="5%"><b><font size=1 face="Helvetica-Condensed-Bold,Arial,Helvetica,sans-serif">ABSTAIN</font></b></td>
      <td align="left" width="3%">&nbsp;</td>
      <td align="center" width="5%"><b><font size=1 face="Helvetica-Condensed-Bold,Arial,Helvetica,sans-serif">FOR</font></b></td>
      <td align="center" width="5%"><b><font size=1 face="Helvetica-Condensed-Bold,Arial,Helvetica,sans-serif">AGAINST</font></b></td>
      <td align="center" width="5%"><b><font size=1 face="Helvetica-Condensed-Bold,Arial,Helvetica,sans-serif">ABSTAIN</font></b></td>
    </tr>
    <tr>
      <td align="left">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="left">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
    </tr>
    <tr>
      <td align="left"><font size=2 face="Helvetica,Arial,Helvetica,sans-serif">1</font></td>
      <td align="center"><img src="emptybox.gif" width="12" height="12"></td>
      <td align="center"><img src="emptybox.gif" width="12" height="12"></td>
      <td align="center"><img src="emptybox.gif" width="12" height="12"></td>
      <td align="right">&nbsp;</td>
      <td><font size=2 face="Helvetica,Arial,Helvetica,sans-serif">6a.</font></td>
      <td align="center"><img src="emptybox.gif" width="12" height="12"></td>
      <td align="center"><img src="emptybox.gif" width="12" height="12"></td>
      <td align="center"><img src="emptybox.gif" width="12" height="12"></td>
      <td align="right">&nbsp;</td>
      <td><font size=2 face="Helvetica,Arial,Helvetica,sans-serif">6f.</font></td>
      <td align="center"><img src="emptybox.gif" width="12" height="12"></td>
      <td align="center"><img src="emptybox.gif" width="12" height="12"></td>
      <td align="center"><img src="emptybox.gif" width="12" height="12"></td>
      <td align="left"><font size=2 face="Helvetica,Arial,Helvetica,sans-serif">8</font></td>
      <td align="center"><img src="emptybox.gif" width="12" height="12"></td>
      <td align="center"><img src="emptybox.gif" width="12" height="12"></td>
      <td align="center"><img src="emptybox.gif" width="12" height="12"></td>
    </tr>
    <tr>
      <td align="left">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td>&nbsp;</td>
      <td>&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td>&nbsp;</td>
      <td>&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="left">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
    </tr>
    <tr>
      <td align="left"><font size=2 face="Helvetica,Arial,Helvetica,sans-serif">2</font></td>
      <td align="center"><img src="emptybox.gif" width="12" height="12"></td>
      <td align="center"><img src="emptybox.gif" width="12" height="12"></td>
      <td align="center"><img src="emptybox.gif" width="12" height="12"></td>
      <td align="right">&nbsp;</td>
      <td><font size=2 face="Helvetica,Arial,Helvetica,sans-serif">6b.</font></td>
      <td align="center"><img src="emptybox.gif" width="12" height="12"></td>
      <td align="center"><img src="emptybox.gif" width="12" height="12"></td>
      <td align="center"><img src="emptybox.gif" width="12" height="12"></td>
      <td align="right">&nbsp;</td>
      <td><font size=2 face="Helvetica,Arial,Helvetica,sans-serif">6g.</font></td>
      <td align="center"><img src="emptybox.gif" width="12" height="12"></td>
      <td align="center"><img src="emptybox.gif" width="12" height="12"></td>
      <td align="center"><img src="emptybox.gif" width="12" height="12"></td>
      <td align="left"><font size=2 face="Helvetica,Arial,Helvetica,sans-serif">9</font></td>
      <td align="center"><img src="emptybox.gif" width="12" height="12"></td>
      <td align="center"><img src="emptybox.gif" width="12" height="12"></td>
      <td align="center"><img src="emptybox.gif" width="12" height="12"></td>
    </tr>
    <tr>
      <td align="left">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td>&nbsp;</td>
      <td>&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td>&nbsp;</td>
      <td>&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="left">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
    </tr>
    <tr>
      <td align="left"><font size=2 face="Helvetica,Arial,Helvetica,sans-serif">3</font></td>
      <td align="center"><img src="emptybox.gif" width="12" height="12"></td>
      <td align="center"><img src="emptybox.gif" width="12" height="12"></td>
      <td align="center"><img src="emptybox.gif" width="12" height="12"></td>
      <td align="right">&nbsp;</td>
      <td><font size=2 face="Helvetica,Arial,Helvetica,sans-serif">6c.</font></td>
      <td align="center"><img src="emptybox.gif" width="12" height="12"></td>
      <td align="center"><img src="emptybox.gif" width="12" height="12"></td>
      <td align="center"><img src="emptybox.gif" width="12" height="12"></td>
      <td align="right">&nbsp;</td>
      <td><font size=2 face="Helvetica,Arial,Helvetica,sans-serif">6h.</font></td>
      <td align="center"><img src="emptybox.gif" width="12" height="12"></td>
      <td align="center"><img src="emptybox.gif" width="12" height="12"></td>
      <td align="center"><img src="emptybox.gif" width="12" height="12"></td>
      <td align="left"><font size=2 face="Helvetica,Arial,Helvetica,sans-serif">10</font></td>
      <td align="center"><img src="emptybox.gif" width="12" height="12"></td>
      <td align="center"><img src="emptybox.gif" width="12" height="12"></td>
      <td align="center"><img src="emptybox.gif" width="12" height="12"></td>
    </tr>
    <tr>
      <td align="left">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td>&nbsp;</td>
      <td>&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td>&nbsp;</td>
      <td>&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="left">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
    </tr>
    <tr>
      <td align="left"><font size=2 face="Helvetica,Arial,Helvetica,sans-serif">4</font></td>
      <td align="center"><img src="emptybox.gif" width="12" height="12"></td>
      <td align="center"><img src="emptybox.gif" width="12" height="12"></td>
      <td align="center"><img src="emptybox.gif" width="12" height="12"></td>
      <td align="right">&nbsp;</td>
      <td><font size=2 face="Helvetica,Arial,Helvetica,sans-serif">6d.</font></td>
      <td align="center"><img src="emptybox.gif" width="12" height="12"></td>
      <td align="center"><img src="emptybox.gif" width="12" height="12"></td>
      <td align="center"><img src="emptybox.gif" width="12" height="12"></td>
      <td align="right">&nbsp;</td>
      <td><font size=2 face="Helvetica,Arial,Helvetica,sans-serif">6i.</font></td>
      <td align="center"><img src="emptybox.gif" width="12" height="12"></td>
      <td align="center"><img src="emptybox.gif" width="12" height="12"></td>
      <td align="center"><img src="emptybox.gif" width="12" height="12"></td>
      <td align="left"><font size=2 face="Helvetica,Arial,Helvetica,sans-serif">11</font></td>
      <td align="center"><img src="emptybox.gif" width="12" height="12"></td>
      <td align="center"><img src="emptybox.gif" width="12" height="12"></td>
      <td align="center"><img src="emptybox.gif" width="12" height="12"></td>
    </tr>
    <tr>
      <td align="left">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td>&nbsp;</td>
      <td>&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td>&nbsp;</td>
      <td>&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="left">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
    </tr>
    <tr>
      <td align="left"><font size=2 face="Helvetica,Arial,Helvetica,sans-serif">5</font></td>
      <td align="center"><img src="emptybox.gif" width="12" height="12"></td>
      <td align="center"><img src="emptybox.gif" width="12" height="12"></td>
      <td align="center"><img src="emptybox.gif" width="12" height="12"></td>
      <td align="right">&nbsp;</td>
      <td><font size=2 face="Helvetica,Arial,Helvetica,sans-serif">6e.</font></td>
      <td align="center"><img src="emptybox.gif" width="12" height="12"></td>
      <td align="center"><img src="emptybox.gif" width="12" height="12"></td>
      <td align="center"><img src="emptybox.gif" width="12" height="12"></td>
      <td align="right">&nbsp;</td>
      <td><font size=2 face="Helvetica,Arial,Helvetica,sans-serif">7.</font></td>
      <td align="center"><img src="emptybox.gif" width="12" height="12"></td>
      <td align="center"><img src="emptybox.gif" width="12" height="12"></td>
      <td align="center"><img src="emptybox.gif" width="12" height="12"></td>
      <td align="left"><font size=2 face="Helvetica,Arial,Helvetica,sans-serif">12</font></td>
      <td align="center"><img src="emptybox.gif" width="12" height="12"></td>
      <td align="center"><img src="emptybox.gif" width="12" height="12"></td>
      <td align="center"><img src="emptybox.gif" width="12" height="12"></td>
    </tr>
  </table>
  <p>&nbsp;</p>
  <table width="100%" border="0" cellspacing="0" cellpadding="0">
    <tr>
      <td width="30%"><img src="tickmarkx1x1.jpg" width="53" height="58"></td>
      <td width="10%">&nbsp;</td>
      <td><div align="right"><img src="scanx1x1.jpg" width="401" height="56"></div>
      </td>
    </tr>
    <tr>
      <td><div align="right"><img src="rttickmarkx1x1.jpg" width="51" height="58"></div>
      </td>
      <td>&nbsp;</td>
      <td>&nbsp;</td>
    </tr>
  </table>
  <table width="100%" border="0" cellspacing="0" cellpadding="0">
    <tr>
      <td> <font size=1 face="Helvetica-Condensed,Arial,Helvetica,sans-serif">The
          Voting Instruction must be signed by the person in whose name the relevant
          Receipt is registered on the books of the Depositary. In the case of
          a Corporation, the Voting Instruction must be executed by a duly authorized
          Officer or Attorney.</font></td>
      <td width="3%">&nbsp;</td>
      <td width="22%">______________________________&nbsp;</td>
      <td width="3%">&nbsp;</td>
      <td width="22%">______________________________&nbsp;</td>
    </tr>
    <tr>
      <td>&nbsp;</td>
      <td>&nbsp;</td>
      <td><font size=1 face="Helvetica-Condensed,Arial,Helvetica,sans-serif">Date&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Share
          Owner sign here</font></td>
      <td>&nbsp;</td>
      <td><font size=1 face="Helvetica-Condensed,Arial,Helvetica,sans-serif"> Co-Owner
          sign here</font></td>
    </tr>
  </table>
  <font size="2" face="sans-serif">
  <p align="center">43</p>
  </font>
  <hr noshade align="center" width="100%" size="2">
  <div style="page-break-before:always"></div>
  <a name="p??"></a> <page>
  <p align="center"><b><font size=4 face="Helvetica-Bold,Arial,Helvetica,sans-serif">STMicroelectronics
  N.V.</font></b> </p>
  <p align="center"> <b><font face="Helvetica-Bold,Arial,Helvetica,sans-serif">Proxy
        Appointment and Voting Instruction Card</font></b> <br>
      <b><font size=2 face="Helvetica-Bold,Arial,Helvetica,sans-serif">(Must
      be presented at the meeting or received by mail prior to 5:00 pm (eastern
      standard time) on March 15, 2005)</font></b> </p>
  <p> <font size="1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="Helvetica,Arial,Helvetica,sans-serif">The
        undersigned registered holder of common shares of New York Registry (each
        representing one common share of Euro 1.04 nominal amount of STMicroelectronics
        N.V.), hereby appoints ______________________ or The Bank of New York,
        as New York Transfer Agent and Registrar, through its agent, as the proxy
        of the undersigned to attend and address the Annual General Meeting of
        Shareholders of STMicroelectronics N.V. to be held in Amsterdam, The
        Netherlands, on March 18, 2005 and, in general, to exercise all rights
        the undersigned could exercise in respect of such common shares if personally
        present thereat upon all matters which may properly come before such
        Meeting and every adjournment thereof, and instructs such proxy to endeavor,
        in so far as practicable, to vote or cause to be voted on a poll (if
        a poll shall be taken) the common shares of STMicroelectronics N.V. represented
        by Shares of New York Registry registered in the name of the undersigned
        on the books of the New York Transfer Agent and Registrar as of the close
        of business on February 22, 2005, at such Meeting in respect of the resolutions
        specified on the reverse side hereof.</font> </font></p>
  <p> <b><font size=1 face="Helvetica-Bold,Arial,Helvetica,sans-serif">NOTE: </font></b><b><font size=1 face="Helvetica-Bold,Arial,Helvetica,sans-serif">Please
        direct your proxy how it is to vote by placing an X in the appropriate
        box opposite the resolutions specified on the reverse side hereof. If
        you do not fill in the blank provided above, then you will have appointed
        The Bank of New York as your proxy.</font></b></p>
  <table width="100%" border="0" cellspacing="0" cellpadding="0">
    <tr>
      <td width="55%"><font size="1">&nbsp;</font></td>
      <td><b><font size=1 face="Helvetica-Condensed-Bold,Arial,Helvetica,sans-serif">STMicroelectronics
            N.V. <br>
      P.O. BOX 11473 <br>
      NEW YORK, N.Y. 10203-0473</font></b></td>
    </tr>
  </table>
  <p><font size=1 face="Helvetica-Condensed,Arial,Helvetica,sans-serif">To change
      your address, please mark this box. <img src="emptybox.gif" width="12" height="12"></font></p>
  <p> <font size=1 face="Helvetica-Condensed,Arial,Helvetica,sans-serif">To include
      any comments, please mark this box.</font> <img src="emptybox.gif" width="12" height="12"></p>
  <p align="center"> <b><font size=2 face="Helvetica-Condensed-Bold,Arial,Helvetica,sans-serif">Please
        complete and date this proxy on the reverse side and return it promptly
        in the accompanying envelope.</font></b> </p>
<font size="2" face="sans-serif">
<p align="center">44</p>
  </font>
  <hr noshade align="center" width="100%" size="2">
  <div style="page-break-before:always"></div>
<font face="sans-serif"><page>

<p><img src="stmicro-st.gif" width="577" height="52"></p>
<p align="center"><font size="2" face="sans-serif"><b><u>PROXY<br>REGISTERED SHAREHOLDER</u></b></font></p>
<p align="left"><b><u><font face="sans-serif" size="2">The undersigned:</font></u></b></p>
<p align="left"><font face="sans-serif" size="2">(full name shareholder):<br>
</font><font face="sans-serif" size="2">(private address/business address):</font></p>
<p align="left"><font face="sans-serif" size="2">acting for the purposes hereof
    as holder of .............. (number) shares (in case type II: serial number
    of the share certificates: ...............), each share having a par value
    of EUR 1.04, in the
    share
    capital
    of STMicroelectronics N.V., established in Amsterdam, the Netherlands, hereinafter:
    the <b>&quot;Company&quot;,</b></font></p>
<p align="left"><font size="2"><b><u><font face="sans-serif">declares</font></u></b> <font face="sans-serif">to
      give the following instructions and to grant full power of attorney to:</font></font></p>
<table width="100%" cellspacing="0" cellpadding="0" border="0">
<tr valign="top">
<td width="3%"><font size="2" face="sans-serif">
0</font></td>
<td align="left"><font size="2" face="sans-serif">
Mr C.W. de Monchy, civil law notary practising in Rotterdam, the Netherlands,
or one of the lawyers in the office of Mr C.W. de Monchy; or </font></td>
</tr>
<tr valign="top">
  <td>&nbsp;</td>
  <td align="left">&nbsp;</td>
</tr>
<tr valign="top">
  <td><font face="sans-serif" size="2">0</font><font size="2">&nbsp; </font></td>
  <td align="left"><font size="2" face="sans-serif">(fill out name of person
      designated by you):</font></td>
</tr>
<tr valign="top">
  <td>&nbsp;</td>
  <td align="left"><hr align="left" width="200" size="1"></td>
</tr>
</table>
<p align="left"><font face="sans-serif" size="2">especially to, on behalf and in the name of the undersigned in his above mentioned capacity, attend the Annual General Meeting of shareholders of the Company, to be held on March 18, 2005 to sign the attendance-book of such meeting, to address the meeting and to vote on all shares mentioned above regarding the following items </font><font face="sans-serif" size="2">included in the agenda of such meeting: </font></p>
<p align="left"><font face="sans-serif" size="2"><u>Agenda item number 4a -Resolution 1</u> </font></p>
<p align="left"><font face="sans-serif" size="2">in
      favour / against / abstention *</font></p>
<p align="left"><font size="2" face="sans-serif"><u>Agenda item
number 4b &#150; Resolution 2</u></font></p>
<p align="left"><font face="sans-serif" size="2">in favour / against / abstention *</font></p>
<p align="left"><font face="sans-serif" size="2"><u>Agenda item
  number 4c &#150; Resolution 3</u></font></p>
<p align="left"><font face="sans-serif" size="2">in favour / against / abstention *</font></p>
<p align="left"><font face="sans-serif" size="2"><u>Agenda item
      number 4d &#150; Resolution 4</u></font></p>
<p align="left"><font face="sans-serif" size="2">in favour / against / abstention
    *</font></p>
<p align="center"><font size="2">45</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<page>
<a name="p?"></a>
<p><img src="stmicro-st.gif" width="577" height="52"></p>
<p align="left"><font size="2" face="sans-serif"><u>Agenda item number 5 &#150; Resolution
      5</u></font></p>
<p align="left"><font size="2" face="sans-serif">in favour / against / abstention
    *</font></p>
<p align="left"><font size="2" face="sans-serif"><u>Agenda item number 6 &#150; Resolution
      6a &#150; appointment Mr. G&eacute;rald Arbola</u></font></p>
<p align="left"><font size="2" face="sans-serif">in favour / against /
        abstention *</font></p>
<p align="left"><font size="2" face="sans-serif"><u>Agenda item number 6 &#150; Resolution 6b &#150; appointment Mr. Matteo del Fante</u></font></p>
<p align="left"><font size="2" face="sans-serif">in favour / against / abstention *</font></p>
<p align="left"><font size="2" face="sans-serif"><u>Agenda item number 6 &#150; Resolution
      6c &#150; appointment Mr. Tom de Waard</u></font></p>
<p align="left"><font size="2" face="sans-serif">in favour / against / abstention
        *</font></p>
<p align="left"><font size="2" face="sans-serif"><u>Agenda item number 6 &#150; Resolution 6d &#150; appointment Mr. Didier Lombard</u></font></p>
<p align="left"><font size="2" face="sans-serif">in favour / against / abstention *</font></p>
<p align="left"><font size="2" face="sans-serif"><u>Agenda item number 6 &#150; Resolution
      6e &#150; appointment Mr. Bruno Steve</u></font></p>
<p align="left"><font size="2" face="sans-serif">in favour / against / abstention
        *</font></p>
<p align="left"><font size="2" face="sans-serif"><u>Agenda item number 6 &#150; Resolution 6f &#150; appointment Mr. Antonio Turicchi</u></font></p>
<p align="left"><font size="2" face="sans-serif">in favour / against / abstention *</font></p>
<p align="left"><font size="2" face="sans-serif"><u>Agenda item number 6 &#150; Resolution
      6g&#150; appointment Mr. Douglas Dunn</u></font></p>
<p align="left"><font size="2" face="sans-serif">in favour / against / abstention
        *</font></p>
<p align="left"><font size="2" face="sans-serif"><u>Agenda item number 6 &#150; Resolution
      6h &#150; appointment Mr. Francis Gavois</u></font></p>
<p align="left"><font size="2" face="sans-serif">in favour / against / abstention
        *</font></p>
<p align="left"><font size="2" face="sans-serif"><u>Agenda item number 6 &#150; Resolution
      6i &#150; appointment Mr. Robert White</u></font></p>
<p align="left"><font size="2" face="sans-serif">in favour / against / abstention
        *</font></p>
<p align="left"><font size="2" face="sans-serif"><u>Agenda item number 7 &#150; Resolution 7</u></font></p>
<p align="left"><font size="2" face="sans-serif">in favour / against / abstention *</font></p>
<p align="center"><font size="2">46</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<page>
<a name="p?"></a>
<p><img src="stmicro-st.gif" width="577" height="52"></p>
<p align="left"><font size="2" face="sans-serif"><u>Agenda item number 8 &#150; Resolution
      8</u></font></p>
<p align="left"><font size="2" face="sans-serif">in favour / against / abstention
    *</font></p>
<p align="left"><font size="2" face="sans-serif"><u>Agenda item number 9 &#150; Resolution 9</u></font></p>
<p align="left"><font size="2" face="sans-serif">in favour / against / abstention *</font></p>
<p align="left"><font size="2" face="sans-serif"><u>Agenda item number 10 &#150; Resolution
    10</u></font></p>
<p align="left"><font size="2" face="sans-serif">in
      favour / against / abstention *</font></p>
<p align="left"><font size="2" face="sans-serif"><u>Agenda item number 11 &#150; Resolution
      11</u></font></p>
<p align="left"><font size="2" face="sans-serif">in
          favour / against / abstention *</font></p>
<p align="left"><font size="2" face="sans-serif"><u>Agenda item number 12 &#150; Resolution
      12</u></font></p>
<p align="left"><font size="2" face="sans-serif">in
              favour / against / abstention *</font></p>
<p align="left"><font size="2" face="sans-serif">The attorney is also empowered
    to address the meeting regarding all other matters to be discussed at the
    meeting, and furthermore to vote on all shares mentioned above </font><font size="2" face="sans-serif">regarding
    all items to be brought up for voting at such meeting. This proxy is granted
with the right of substitution.</font></p>
<p align="left"><font size="2" face="sans-serif">Executed in &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; on &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2005.</font></p>
<p align="left">&nbsp;</p>
<p align="left"><font size="2" face="sans-serif"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></font></p>
<p align="left"><font size="2" face="sans-serif">* Please indicate your choice</font></p>
<p align="center"><font size="2">47</font></p>
<hr noshade align="center" width="100%" size="2"><<</div>
<div style="page-break-before:always"></div>
<page>
<a name="p?"></a><p><img src="stmicro-st.gif" width="577" height="52"></p>
<p align="center"><font size="2" face="sans-serif">Instructions to holders of
common shares STMicroelectronics NV traded on Euronext Paris /<br>
Milan Stock Exchange holding their shares through a securities account with a
financial<br>
intermediary</font></p>
<p align="center"><font size="2" face="sans-serif"><b>STMICROELECTRONICS N.V.<br>
</b></font><font size="2" face="sans-serif"><b>ANNUAL GENERAL MEETING OF SHAREHOLDERS</b></font></p>
<p align="center"><font size="2" face="sans-serif"><b>TO BE HELD MARCH 18, 2005</b></font></p>
<p align="left"><font size="2" face="sans-serif">As shareholder holding STMicroelectronics
    NV shares through a securities account with a financial intermediary, you
    may vote your shares by following one of the two procedures described below:</font></p>
<p align="left"><font size="2" face="sans-serif">1) Voting in person<br>
</font><font size="2" face="sans-serif">If you would like to attend the annual general meeting of shareholders and would like to vote at the meeting you will have to obtain a power of attorney from Euroclear France and to complete and sign appendix I (the request for a power of attorney to Euroclear France). By obtaining the power of attorney you will obtain the legal ownership rights of Euroclear France to vote your STMicroelectronics shares. If you obtain a power of attorney from Euroclear France your shares will be locked up and cannot be transferred until March 19, 2005.</font></p>
<p align="left"><font size="2" face="sans-serif">2) Voting by proxy<br>
</font><font size="2" face="sans-serif">You may also give Euroclear France your voting instructions for the annual general meeting of shareholders. You must therefore provide Euroclear France with your voting instructions by completing and signing Appendix II. If you give voting instructions to Euroclear France, your shares will be locked up and cannot be transferred until March 19, 2005.</font></p>
<p align="left"><font size="2" face="sans-serif">Appendix I or II has to be received
    by your account holder or intermediary (not STMicroelectronics N.V. or
    Euroclear France) <b>by March 15, 2005 at the latest.</b></font></p>
<p align="left"><font size="2" face="sans-serif"><b>If you wish to attend the meeting, please make sure you return appendix I to your accountholder or intermediary on time. Do not use appendix II.</b></font></p>
<p align="left"><font size="2" face="sans-serif"><b>If you wish to give voting
      instructions to Euroclear France, please make sure that you return appendix
II to your accountholder or intermediary on time. Do not use appendix I.</b></font></p>
<p align="left"><font size="2" face="sans-serif">Amsterdam, February 17, 2005</font></p>
<p align="left"><font size="2" face="sans-serif">on behalf of<br>
  STMicroelectronics
    N.V.</font></p>
<p align="left"><font size="2" face="sans-serif">Netherlands Management Company B.V.<br>
</font><font size="2" face="sans-serif">Registrar</font></p>
<p align="center"><font size="2">48</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<page>
<a name="p?"></a>
<p><img src="stmicro-st.gif" width="577" height="52"></p>
<p align="left"><font size="2" face="sans-serif"><b>Appendix I REQUEST FOR A
POWER OF ATTORNEY</b></font></p>
<p align="left"><font size="2" face="sans-serif"><b>YOU SHOULD COMPLETE THIS FORM IF YOU WISH TO ATTEND THE ANNUAL GENERAL MEETING OF SHAREHOLDERS OF STMICROELECTRONICS N.V.</b></font></p>
<p align="left"><font size="2" face="sans-serif">This form has to be received
    by your account holder or intermediary by March 15, 2005 at the latest.</font></p>
<p align="left"><font size="2" face="sans-serif"><b>Mr/Mrs</b>.............................. <b>will
      attend the annual general meeting of shareholders of STMicroelectronics
      N.V. in Amsterdam, the Netherlands, at March 18, 2005.</b></font></p>
<table width="100%" cellspacing="0" cellpadding="6" border="1">
<tr valign="top">
<td align="left" width="50%"><font size="2" face="sans-serif">NAME AND ADDRESS OF UNDERSIGNED</font><br><font size="2" face="sans-serif">&quot;INDIRECT&quot; SHAREHOLDER</font></td>
<td align="left"><font size="2" face="sans-serif">&nbsp;</font></td>
</tr>
<tr valign="top">
<td align="left"><font size="2" face="sans-serif">NUMBER OF STMICROELECTRONICS N.V.</font><br><font size="2" face="sans-serif">SHARES IN RESPECT OF WHICH A</font><br><font size="2" face="sans-serif">POWER OF ATTORNEY IS REQUESTED</font></td>
<td align="left"><font size="2" face="sans-serif">&nbsp;</font></td>
</tr>
<tr valign="top">
<td align="left"><font size="2" face="sans-serif">SECURITIES ACCOUNT NUMBER WITH</font><br>
<font size="2" face="sans-serif">ACCOUNT HOLDER OR INTERMEDIARY</font><br>
<font size="2" face="sans-serif">(please provide only the number of the</font><br><font size="2" face="sans-serif">account in which you hold STMicroelectronics</font><br><font size="2" face="sans-serif">N.V. shares)</font></td>
<td align="left"><font size="2" face="sans-serif">&nbsp;</font></td>
</tr>
<tr valign="top">
<td align="left"><font size="2" face="sans-serif">EUROCLEAR FRANCE ACCOUNT</font><br><font size="2" face="sans-serif">(to be filled in by your accountholder or</font><br>
<font size="2" face="sans-serif">intermediary)</font></td>
<td align="left"><font size="2" face="sans-serif">&nbsp;</font></td>
</tr>
<tr valign="top">
<td align="left"><font size="2" face="sans-serif">TELEPHONE NUMBER AND CONTACT</font><br><font size="2" face="sans-serif">PERSON OF ACCOUNT HOLDER OR</font><br><font size="2" face="sans-serif">INTERMEDIARY (to be filled in by your</font><br>
<font size="2" face="sans-serif">accountholder or intermediary)</font></td>
<td align="left"><font size="2" face="sans-serif">&nbsp;</font></td>
</tr>
</table>
<p align="left"><font size="2" face="sans-serif">By signing this appendix, the
    undersigned hereby requests Euroclear France to grant a Power of Attorney
to the undersigned (or its representative).</font></p>
<p align="left"><font size="2" face="sans-serif">By signing this appendix, the
    undersigned undertakes not to transfer the above-mentioned shares during
    the period from the date this appendix is signed until March 19, 2005.</font></p>
<p align="left"><font size="2" face="sans-serif">Executed
      at <u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u> on <u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u> 2005</font></p>
<p align="left"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></p>
<p align="left"><font size="2" face="sans-serif">Signature</font></p>
<p align="center"><font size="2">49</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<page>
<a name="p?"></a>
<p><img src="stmicro-st.gif" width="577" height="52"></p>
<p align="left"><font size="2" face="sans-serif"><b>Appendix II VOTING INSTRUCTIONS
FORM</b></font></p>
<p align="left"><font size="2" face="sans-serif"><b>YOU SHOULD COMPLETE THIS FORM IF YOU DO NOT WISH TO ATTEND THE ANNUAL GENERAL MEETING OF SHAREHOLDERS OF STMICROELECTRONICS N.V. TO BE HELD ON MARCH 18, 2005 BUT DO WISH TO GIVE VOTING INSTRUCTIONS TO EUROCLEAR FRANCE.</b></font></p>
<p align="left"><font size="2" face="sans-serif"><i>This form has to be received
      by your account holder or intermediary by March 15, 2005 at the latest.</i></font></p>
<p align="left"><font size="2" face="sans-serif">EUROCLEAR FRANCE S.A. WILL EXECUTE
    THESE VOTING INSTRUCTIONS AS DIRECTED. IF NO DIRECTION IS MADE, EUROCLEAR
    FRANCE S.A. WILL VOTE IN ACCORDANCE
    WITH THE RECOMMENDATIONS OF THE SUPERVISORY BOARD AND BOARD OF MANAGEMENT
    OF STMICROELECTRONICS N.V., WHICH RECOMMEND A VOTE <u>FOR</u> EACH OF PROPOSALS
LISTED BELOW</font></p>
<table width="100%" cellspacing="0" cellpadding="6" border="1">
<tr valign="top">
<td align="left" width="50%"><font size="2" face="sans-serif">NAME AND ADDRESS OF UNDERSIGNED</font><br><font size="2" face="sans-serif">&quot;INDIRECT&quot; SHAREHOLDER</font></td>
<td align="left"><font size="2" face="sans-serif">&nbsp;</font></td>
</tr>
<tr valign="top">
<td align="left"><font size="2" face="sans-serif">NUMBER OF STMICROELECTRONICS N.V.</font><br><font size="2" face="sans-serif">SHARES IN RESPECT OF WHICH VOTING</font><br><font size="2" face="sans-serif">INSTRUCTIONS ARE GIVEN</font></td>
<td align="left"><font size="2" face="sans-serif">&nbsp;</font></td>
</tr>
<tr valign="top">
<td align="left"><font size="2" face="sans-serif">SECURITIES ACCOUNT NUMBER WITH</font><br>
<font size="2" face="sans-serif">ACCOUNT HOLDER OR INTERMEDIARY</font><br>
<font size="2" face="sans-serif">(please provide only the number of the</font><br><font size="2" face="sans-serif">account in which you hold STMicroelectronics</font><br><font size="2" face="sans-serif">N.V. shares)</font></td>
<td align="left"><font size="2" face="sans-serif">&nbsp;</font></td>
</tr>
<tr valign="top">
<td align="left"><font size="2" face="sans-serif">EUROCLEAR FRANCE ACCOUNT</font><br><font size="2" face="sans-serif">(to be filled in by your accountholder or</font><br>
<font size="2" face="sans-serif">intermediary)</font></td>
<td align="left"><font size="2" face="sans-serif">&nbsp;</font></td>
</tr>
<tr valign="top">
<td align="left"><font size="2" face="sans-serif">NAME AND ADDRESS OF ACCOUNT</font><br><font size="2" face="sans-serif">HOLDER OR INTERMEDIARY</font></td>
<td align="left"><font size="2" face="sans-serif">&nbsp;</font></td>
</tr>
<tr valign="top">
<td align="left"><font size="2" face="sans-serif">TELEPHONE NUMBER AND CONTACT</font><br><font size="2" face="sans-serif">PERSON OF ACCOUNT HOLDER OR</font><br><font size="2" face="sans-serif">INTERMEDIARY (to be filled in by your</font><br>
<font size="2" face="sans-serif">accountholder or intermediary)</font></td>
<td align="left"><font size="2" face="sans-serif">&nbsp;</font></td>
</tr>
</table>
<p align="left"><font size="2" face="sans-serif">The undersigned hereby authorises Euroclear France to exercise the voting instructions on the undersigned's behalf with regard to the above-mentioned shares concerning the following items on the agenda of the annual general meeting of shareholders of STMicroelectronics N.V. on March 18, 2005.</font></p>
<table width="100%" cellspacing="0" cellpadding="0" border="0">
<tr valign="top">
<td align="left"><font size="2" face="sans-serif">{X} Please mark your vote as shown in this example.</font></td>
</tr>
</table>
<table width="100%" cellspacing="0" cellpadding="0" border="0">
<tr valign="top">
  <td align="left">&nbsp;</td>
</tr>
<tr valign="top">
<td align="left"><font size="2" face="sans-serif">4.a. Discussion on and adoption of the annual accounts for the 2004 financial year</font></td>
</tr>
</table>
<table width="100%" cellspacing="0" cellpadding="0" border="0">
<tr valign="top">
  <td align="left">&nbsp;</td>
</tr>
<tr valign="top">
<td align="left"><font size="2" face="sans-serif">{ } FOR&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;{
    } AGAINST&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;{ } ABSTAIN</font></td>
</tr>
</table>
<table width="100%" cellspacing="0" cellpadding="0" border="0">
<tr valign="top">
  <td align="left">&nbsp;</td>
</tr>
<tr valign="top">
<td align="left"><font size="2" face="sans-serif">4.b. Retained earnings, dividend
    policy and adoption of a dividend of $0.12 per common share</font></td>
</tr>
</table>
<table width="100%" cellspacing="0" cellpadding="0" border="0">
<tr valign="top">
<td align="left">&nbsp;</td>
</tr>
</table>
<table width="100%" cellspacing="0" cellpadding="0" border="0">
<tr valign="top">
<td align="left"><font size="2" face="sans-serif">{ } FOR&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;{
    } AGAINST&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;{ } ABSTAIN</font></td>
</tr>
</table>
<p align="center"><font size="2">50</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<page>
<a name="p?"></a>
<p><img src="stmicro-st.gif" width="577" height="52"></p>
<p align="left"><font size="2" face="sans-serif">4.c. Discharge of the sole member of the Managing Board;</font></p>
<p align="left"><font size="2" face="sans-serif">{ } FOR&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;{
    } AGAINST&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;{ } ABSTAIN</font></p>
<p align="left"><font size="2" face="sans-serif">4.d. Discharge of the members
    of the Supervisory Board<br>
    <br>
</font><font size="2" face="sans-serif">{ } FOR&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;{
} AGAINST&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;{ } ABSTAIN</font></p>
<p align="left"><font size="2" face="sans-serif">5. Appointment of the new sole
    member of the Managing Board <br>
    <br>
  </font><font size="2" face="sans-serif">{ } FOR&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;{
  } AGAINST&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;{ } ABSTAIN</font></p>
<table width="100%" cellspacing="0" cellpadding="0" border="0">
<tr valign="top">
<td><font size="2" face="sans-serif">&nbsp;</font><font size="2" face="sans-serif">6.a. Appointment of the members
    of the Supervisory Board Mr. G&eacute;rald Arbola</font></td>
</tr>
</table>
<p align="left"><font size="2" face="sans-serif">{ } FOR&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;{
    } AGAINST&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;{ } ABSTAIN</font></p>
<table width="100%" cellspacing="0" cellpadding="0" border="0">
<tr valign="top">
<td><font size="2" face="sans-serif">&nbsp;</font><font size="2" face="sans-serif">6.b.
    Appointment of the members of the Supervisory Board Mr. Matteo del Fante</font></td>
</tr>
</table>
<p align="left"><font size="2" face="sans-serif">{ } FOR&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;{
    } AGAINST&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;{ } ABSTAIN</font></p>
<table width="100%" cellspacing="0" cellpadding="0" border="0">
<tr valign="top">
<td><font size="2" face="sans-serif">&nbsp;</font><font size="2" face="sans-serif">6.c.
    Appointment of the members of the Supervisory Board Mr. Tom de Waard</font></td>
</tr>
</table>
<p align="left"><font size="2" face="sans-serif">{ } FOR&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;{
    } AGAINST&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;{ } ABSTAIN</font></p>
<table width="100%" cellspacing="0" cellpadding="0" border="0">
<tr valign="top">
<td><font size="2" face="sans-serif">&nbsp;</font><font size="2" face="sans-serif">6.d.
    Appointment of the members of the Supervisory Board Mr. Didier Lombard</font></td>
</tr>
</table>
<p align="left"><font size="2" face="sans-serif">{ } FOR&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;{
    } AGAINST&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; { } ABSTAIN</font></p>
<table width="100%" cellspacing="0" cellpadding="0" border="0">
<tr valign="top">
<td><font size="2" face="sans-serif">&nbsp;</font><font size="2" face="sans-serif">6.e.
    Appointment of the members of the Supervisory Board Mr. Bruno Steve</font></td>
</tr>
</table>
<p align="left"><font size="2" face="sans-serif">{ } FOR&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;{
    } AGAINST&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;{ } ABSTAIN</font></p>
<table width="100%" cellspacing="0" cellpadding="0" border="0">
<tr valign="top">
<td><font size="2" face="sans-serif">6.f.</font>
  <font size="2" face="sans-serif"> Appointment of the members of the Supervisory
  Board Mr. Antonino Turicchi</font></td>
</tr>
</table>
<p align="left"><font size="2" face="sans-serif">{ } FOR&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;{
    } AGAINST&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;{ } ABSTAIN</font></p>
<table width="100%" cellspacing="0" cellpadding="0" border="0">
<tr valign="top">
<td><font size="2" face="sans-serif">&nbsp;</font><font size="2" face="sans-serif">6.g.
    Appointment of the members of the Supervisory Board Mr. Douglas Dunn</font></td>
</tr>
</table>
<p align="left"><font size="2" face="sans-serif">{ } FOR&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;{
    } AGAINST&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;{ } ABSTAIN</font></p>
<p align="center"><font size="2" face="sans-serif">51</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<page>
<a name="p?"></a>
<p><img src="stmicro-st.gif" width="577" height="52"></p>
<table width="100%" cellspacing="0" cellpadding="0" border="0">
<tr valign="top">
<td><font size="2" face="sans-serif">&nbsp;</font><font size="2" face="sans-serif">6.h.
    Appointment of the members of the Supervisory Board Mr. Francis Gavois</font></td>
</tr>
</table>
<p align="left"><font size="2" face="sans-serif">{ } FOR&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;{
    } AGAINST&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;{ } ABSTAIN</font></p>
<table width="100%" cellspacing="0" cellpadding="0" border="0">
<tr valign="top">
<td><font size="2" face="sans-serif">6.i.</font>
  <font size="2" face="sans-serif"> Appointment of the members of the Supervisory
  Board Mr. Robert White</font></td>
</tr>
</table>
<p align="left"><font size="2" face="sans-serif">{ } FOR&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;{
    } AGAINST&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;{ } ABSTAIN</font></p>
<p align="left"><font size="2" face="sans-serif" align="left">7.&nbsp; Appointment
    of PricewaterhouseCoopers N.V. as the Company's Auditors</font></p>
<p align="left"><font size="2" face="sans-serif">{ } FOR&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;{
    } AGAINST&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;{ } ABSTAIN</font></p>
<p align="left"><font size="2" face="sans-serif">8. Approval of the compensation policy for the Managing Board</font></p>
<p align="left"><font size="2" face="sans-serif"> { } FOR { } AGAINST { } ABSTAIN</font></p>
<p align="left"><font size="2" face="sans-serif">9. Approval of the compensation
    of the members of the Supervisory Board</font></p>
<p align="left"><font size="2" face="sans-serif"> { } FOR { } AGAINST { } ABSTAIN</font></p>
<p align="left"><font size="2" face="sans-serif">10. Approval of the amendment to the Company's existing 2001 Employee Stock Option Plan</font></p>
<p align="left"><font size="2" face="sans-serif">{ } FOR&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;{
    } AGAINST&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;{ } ABSTAIN</font></p>
<table width="100%" cellspacing="0" cellpadding="0" border="0">
<tr valign="top">
<td><font size="2" face="sans-serif">&nbsp;</font><font size="2" face="sans-serif">11.
    Approval of the new three-year Stock-based Compensation Plan for members
    and professionals of the Supervisory Board</font></td>
</tr>
</table>
<p align="left"><font size="2" face="sans-serif">{ } FOR&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;{
    } AGAINST&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;{ } ABSTAIN</font></p>
<p align="left"><font size="2" face="sans-serif">12. Amendment of the Articles
    of Association (including authorization to execute the deed of amendment)
required by changes in Dutch law and corporate governance standards</font></p>
<p align="left"><font size="2" face="sans-serif">{ } FOR&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;{
    } AGAINST&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;{ } ABSTAIN</font></p>
<p align="left"><font size="2" face="sans-serif">By signing this appendix, the
    undersigned undertakes not to transfer the above-mentioned shares from the
    date this appendix is signed until March 19, 2005<br>
	<br>
  Executed at <u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u> on <u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u> 2005</font><br>
  <u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></p>
<p align="left"><font size="2" face="sans-serif">Signature</font></p>
<p align="center"><font face="sans-serif" size="2">52</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<page>
<p><img src="stmicro-st.gif" width="577" height="52"></p>

<p align="center"><font size="2" face="sans-serif"><b>POLICY FOR THE COMPENSATION OF
  THE MANAGING BOARD</b></font></p>
<hr width="100%" size="1">
<font size="2" face="sans-serif"><b>Introduction</b>
</font>
<p align="left"><font size="2" face="sans-serif">In line with recently adopted Dutch legislation we are submitting our policy for the compensation of the Managing Board to the General Meeting of Shareholders for approval.  Our Supervisory Board, through its Compensation Committee, which comprises only members from our Supervisory Board including the Chairman and Vice Chairman of the Supervisory Board, defines the compensation policy and structure (comprising a basic salary, a bonus, and stock-based compensation) and determines the compensation on the basis of such policy and structure, as well as the evaluation of the performance of our Managing Board.</font></p>
<p align="left"><font size="2" face="sans-serif"><b>The compensation policy in general</b></font></p>
<p align="left"><font size="2" face="sans-serif">The objective of the compensation policy for the Managing Board, in line with that for the Corporate Executive Officers reporting to the Managing Board, is designed to focus such senior executives on improving the performance of the Company and enhancing its value, as well as to motivate and to retain them.  </font></p>
<p align="left"><font size="2" face="sans-serif">In determining the compensation policy for the Managing Board, our Compensation Committee may perform a benchmark with other semiconductor companies of comparable size, complexity and international scope operating worldwide.  </font></p>
<p align="left"><font size="2" face="sans-serif">In order to link compensation
    to ST&#8217;s performance,
    the compensation package for our Managing Board and Corporate Executives
    includes a significant variable part in the form of an annual cash bonus
    incentive (as part of the Corporate Employee Incentive Program) and a long
    term incentive in the form of stock-based compensation (comprising stock
options, and, as from 2005, subject to shareholder approval, Restricted Shares).</font></p>
<p align="left"><font size="2" face="sans-serif"><b>Features of the compensations for the Managing Board</b></font></p>
<p align="left"><font size="2" face="sans-serif"><b>Base salary</b></font></p>
<p align="left"><font size="2" face="sans-serif">The base salary for our Managing Board is proposed by the Compensation Committee of our Supervisory Board, and approved by our Supervisory Board in line with market developments.  The base salary is reviewed once a year effective the 1<sup>st</sup> of April.</font></p>
<p align="left"><font size="2" face="sans-serif"><b>Annual Incentive (bonus)</b></font></p>
<p align="left"><font size="2" face="sans-serif">The Company has adopted since
    1989 a Corporate Executive Incentive Program (&#8220;EIP&#8221;) that entitles selected Executives to a yearly bonus based on individual performance and adjusted to reflect the overall performance of the Company.  The objectives for the Managing Board are proposed by the Compensation Committee acting by delegation of our Supervisory Board on an annual basis, with assessment being made by the same bodies one year later.  Such objectives are generally designed to reflect revenue growth compared to that of the Company&#8217;s
main competitors, profitability, return on net assets and net cash flow.</font></p>
<p align="center"><font size="2" face="sans-serif">53</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<font face="sans-serif"><page>
<p><img src="stmicro-st.gif" width="577" height="52"></p>
</font>
<p><font size="2" face="sans-serif"><b>Employee Incentive Plan (comprising stock options
    and restricted stock)</b></font></p>
<p align="left"><font size="2" face="sans-serif">In 2001, the Annual General Meeting of shareholders approved an Employee Stock Option Plan designed to attract, motivate and retain participating employees comprising a total maximum amount of 60 million options to be granted over a five year period.  As part of such Plan our Supervisory Board, upon the proposal of its Compensation Committee has approved a number of stock options to be granted, each year to the Managing Board, based on the achievements of the Managing Board.  The annual grant of stock options to the Managing Board is made simultaneously and at the same conditions, as the annual grant of stock options to the top Executives of the Company.  </font></p>
<p align="left"><font size="2" face="sans-serif">The Company is considering, in 2005, subject to shareholder approval on this separate agenda item, the grant of restricted stock rather than stock options to the Member of the Managing Board, as well as to corporate staff and selected senior executives of the Company.  The intent, through the grant of Restricted Stock which shall become vested only upon achievements of one or more conditions proposed by the Compensation Committee, acting by delegation of the Supervisory Board, is to re-establish the motivational nature of Stock Based Compensation.</font></p>
<p align="left"><font size="2" face="sans-serif"><b>Pension and other additional arrangements</b></font></p>
<p align="left"><font size="2" face="sans-serif">In addition to the main conditions
    of employment, a number of additional arrangements apply to the Managing
    Board. These additional
    arrangements, such as pensions, retirement or similar benefits, group life
    and medical insurance, accident, disability insurance and company car arrangements
    are broadly in line with those for all ST Corporate Executive Officers. The
    Managing Board also benefits from coverage under the Company&#8217;s Directors and Officers (D&amp;O) policy.  The Company&#8217;s
policy forbids personal loans to members of Management.</font></p>
<p align="left"><font size="2" face="sans-serif"><b>Contracts of employment</b></font></p>
<p align="left"><font size="2" face="sans-serif">The sole Member of the Managing Board has a contract of employment with the Company which provides for compensation in the event of termination by the Company (including in the event of change of control), in line with industry practices and applicable laws.  </font></p>
<table width="100%" cellspacing="0" cellpadding="0" border="0">
  <tr valign="top">
    <td align="center"><font size="2" face="sans-serif">*&nbsp;&nbsp;*</font></td>
  </tr>
</table>
<table width="100%" cellspacing="0" cellpadding="0" border="0">
  <tr valign="top">
    <td align="center"><font size="2" face="sans-serif">*</font></td>
  </tr>
</table>
<p align="center"><font size="2" face="sans-serif">54</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<font face="sans-serif"><page>
<p><img src="stmicro-st.gif" width="577" height="52"></p>
</font>
<p align="center"><font size="2" face="sans-serif"><b>Annual General Meeting of Shareholders</b></font></p>
<p align="center"><font size="2" face="sans-serif"><b>2005</b></font></p>
<p align="center"><font size="2" face="sans-serif"><b><u>Retained Earnings and Dividend Policy</u></b></font></p>
<p align="left"><font size="2" face="sans-serif">The Supervisory Board, in conjunction with the Managing Board, has approved the following retained earnings and dividend policy, which is being presented to the annual general meeting of shareholders in 2005:</font></p>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr valign="top">
    <td width="3%">&nbsp;</td>
    <td><font size="2" face="sans-serif">The Company seeks to use its available cash
        in order to develop and enhance its position in the very capital-intensive
        semiconductor market while at the same time managing its cash resources
    to reward its shareholders for their investment and trust in the Company.</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td><font size="2" face="sans-serif">Based on its annual results, projected
        capital requirements as well as business conditions and prospects, the
        Managing
        Board proposes each year to the Supervisory Board the allocation of its
        earnings involving whenever deemed possible and desirable in line with
        the Company&#8217;s objectives and financial situation, the distribution
    of a cash dividend. </font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td><font size="2" face="sans-serif">The Supervisory Board, upon the proposal
        of the Managing Board, decides each year, in accordance with this policy,
        which portion of the profits shall be retained in reserves to fund future
        growth or for other purposes and makes a proposal to the shareholders
    concerning the amount, if any, of the annual cash dividend.</font></td>
  </tr>
</table>
<p align="center"><font size="2" face="sans-serif">55</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<page>
<p align="right"><font size="2" face="sans-serif">version dated<br>
  10-02-2005<br>
  RBO/CdM<br>
  F:\1119\74553378\statutenwijziging\Engels\stw-02.doc</font></p>
<p align="center"><font size="2" face="sans-serif"><b><u>UNOFFICIAL TRANSLATION<br>
  DRAFT<br>
  DEED OF AMENDMENT<br>
  OF THE ARTICLES OF ASSOCIATION<br>
  STMICROELECTRONICS N.V.</u></b></font></p>
<p align="left"><font size="2" face="sans-serif">On the ** day of ** two thousand and five appears before me, Cornelis Willem de Monchy, notaris (civil-law notary) practising in Rotterdam:<br>
**</font></p>
<p align="left">&nbsp;</p>
<table width="100%" border="0" cellpadding="0" cellspacing="0">
  <tr valign="top">
    <td colspan="2"><font size="2" face="sans-serif">The person appearing declares
        that on the [eighteenth] day of [March] two thousand and five the general
        meeting of shareholders of <b>STMicroelectronics N.V.</b>, a limited
        liability company, with corporate seat in Amsterdam and address at: 1118
        BH Luchthaven Schiphol, municipality Haarlemmermeer (the Netherlands),
        Schiphol Boulevard 265 Amsterdam Airport, on the proposal of the Supervisory
        Board of this company, resolved to amend the articles of association
        of this company and to authorise the person appearing to execute this
        deed.<br>
    Pursuant to those resolutions the person
    appearing declares that he amends the company's articles of association as
    follows:</font></td>
  </tr>
  <tr valign="top">
    <td colspan="2"><font size="2" face="sans-serif">I. <u>Article 12 paragraph 4</u>
      shall read as follows:</font></td>
  </tr>
  <tr valign="top">
    <td width="3%"><font size="2" face="sans-serif">12.4.</font></td>
    <td align="left"><font size="2" face="sans-serif"> The company has a policy
        regarding the compensation of the managing board. The policy will be
        adopted by the general meeting of shareholders upon the proposal of the
      supervisory board.</font></td>
  </tr>
  <tr valign="top">
    <td colspan="2"><font size="2" face="sans-serif">II.&nbsp;<u>Article
      12 paragraph 5</u> shall be renumbered to article 12 paragraph 6.</font></td>
  </tr>
  <tr valign="top">
    <td colspan="2"><font size="2" face="sans-serif">III. A new <u>paragraph 5</u>
      shall be added to <u>article 12</u> and shall read as follows:</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">12.5</font></td>
    <td align="left"><font size="2" face="sans-serif"> The supervisory board
        shall determine the compensation of the individual managing directors,
        within the scope of the compensation policy referred to in the previous
        paragraph. The supervisory board will submit for approval by the general
        meeting of shareholders a proposal regarding the compensation in the
        form of shares or rights to acquire shares. This proposal sets forth
        at least how many shares or rights to acquire shares may be awarded to
      the managing board and which criteria apply to an award or a modification.</font></td>
  </tr>
  <tr valign="top">
    <td colspan="2"><font size="2" face="sans-serif">IV. <u>Article 16 paragraph 1
      sub (ii)</u> shall read as follows:</font></td>
  </tr>
</table>
<p align="center"><font size="2" face="sans-serif">56</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<font face="sans-serif"><page>
<p align="right"><img src="debrau.gif" width="152" height="65"></p>
</font>
<table width="100%" cellspacing="0" cellpadding="0" border="0">
  <tr valign="top">
    <td width="3%"><font size="2" face="sans-serif">&quot;(ii)</font></td>
    <td align="left"><font size="2" face="sans-serif"> from the general meeting
        of shareholders with respect to resolutions regarding a significant change
        in the identity or nature of the company or the enterprise, including
        in any event (a) transfering the enterprise or practically the entire
        enterprise to a third party, (b) entering into or cancelling any long-term
        cooperation between the company or a subsidiary (<i>&quot;dochtermaatschappij&quot;</i>)
        and any other legal person or company or as a fully liable general partner
        of a limited partnership or a general partnership, provided that such
        cooperation or the cancellation thereof is of essential importance to
        the company, and (c) the company or a subsidiary (&quot;<i>dochtermaatschappij</i>&quot;)
        acquiring or disposing of a participating interest in the capital of
        a company with a value of at least one-third of the company&acute;s total
        assets according to the consolidated balance sheet and notes thereto
      in the most recently adopted annual accounts of the company;&quot;</font></td>
  </tr>
</table>
<table width="100%" cellspacing="0" cellpadding="0" border="0">
  <tr valign="top">
    <td><font size="2" face="sans-serif">&nbsp;V.
      A new <u>paragraph 3</u> shall be added to <u>article 18</u> and shall read
      as follows:</font></td>
  </tr>
</table>
<table width="100%" cellspacing="0" cellpadding="0" border="0">
  <tr valign="top">
  <td width="3%"><font size="2" face="sans-serif">18.3.</font></td>
  <td align="left"><font size="2" face="sans-serif">
    At least once per year the managing board shall inform the supervisory board
    in writing of the main features of the strategic policy, the general and financial
    risks and the management and control systems of the company. </font></td>
  </tr>
</table>
<table width="100%" cellspacing="0" cellpadding="0" border="0">
  <tr valign="top">
  <td width="3%"><font size="2" face="sans-serif">&nbsp;</font></td>
  <td align="left"><font size="2" face="sans-serif">The managing board shall then submit to the supervisory board for approval:</font></td>
  </tr>
</table>
<table width="100%" cellspacing="0" cellpadding="0" border="0">
  <tr valign="top">
  <td width="3%"><font size="2" face="sans-serif">&nbsp;</font></td>
  <td width="3%"><font size="2" face="sans-serif">a)</font></td>
  <td align="left"><font size="2" face="sans-serif">
    the operational and financial objectives of the company;</font></td>
  </tr>
</table>
<table width="100%" cellspacing="0" cellpadding="0" border="0">
  <tr valign="top">
  <td width="3%"><font size="2" face="sans-serif">&nbsp;</font></td>
  <td align="left"><font size="2" face="sans-serif">b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; the
    strategy designed to achieve the objectives; and</font></td>
  </tr>
</table>
<table width="100%" cellspacing="0" cellpadding="0" border="0">
  <tr valign="top">
    <td width="3%"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td width="3%"><font size="2" face="sans-serif">c)</font></td>
    <td align="left"><font size="2" face="sans-serif"> the parameters to be applied
        in relation to the strategy, <i>inter alia</i>, regarding financial ratios.</font></td>
  </tr>
  <tr valign="top">
    <td colspan="3"><font size="2" face="sans-serif">VI. <u>Article 21 paragraph 2</u>
      shall be deleted and <u>paragraphs 3 and 4 of article 21</u> shall renumbered
      to respectively paragraph 2 and paragraph 3 of article 21.</font></td>
  </tr>
  <tr valign="top">
    <td colspan="3"><font size="2" face="sans-serif">VII. <u>Article 28 paragraph 3</u>
      shall be renumbered to article 28 paragraph 4.</font></td>
  </tr>
  <tr valign="top">
    <td colspan="3"><font size="2" face="sans-serif">VIII. A new <u>paragraph 3</u>
      shall be added to <u>article 28</u> and shall read as follows:</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">28.3.</font></td>
    <td colspan="2"><font size="2" face="sans-serif"> Nothwithstanding paragraph
        2, proposals of persons who are entitled to attend the meetings of shareholders
        will be included in the agenda, if such proposal is made in writing to
        the managing board within a period of sixty days before that meeting
        by persons who are entitled to attend the meetings of shareholders, who
        solely or jointly, represent at least one per cent (1%) of the company&acute;s
        issued share capital or a market value of at least fifty million euro
        (EUR&nbsp;50,000,000), unless the company determines that such proposal
      would conflict with substantial interests of the company.</font></td>
  </tr>
  <tr valign="top">
    <td colspan="3"><font size="2" face="sans-serif">The required ministerial declaration
      of no-objection was granted on the ** day of ** two thousand and five, number
      N.V. 319.725.</font></td>
  </tr>
  <tr valign="top">
    <td colspan="3"><font size="2" face="sans-serif">The ministerial declaration of
      no-objection and a document in evidence of the resolutions, referred to
      in the head of this deed, are attached to this deed.</font></td>
  </tr>
  <tr valign="top">
    <td colspan="3"><font size="2" face="sans-serif">In witness whereof the original
      of this deed which will be retained by me, notaris, is executed in **, on
      the date first mentioned in the head of this deed.</font></td>
  </tr>
  <tr valign="top">
    <td colspan="3"><font size="2" face="sans-serif">Having conveyed the substance
      of the deed and given an explanation thereto and following the statement
      of the person appearing that she has taken note of the contents of the deed
      and agrees with the same, this deed is signed, immediately after reading
      those parts of the deed which the law requires to be read, by the person
      appearing, who is known to me, notaris, and by myself, notaris.</font></td>
  </tr>
</table>
<p align="center"><font size="2" face="sans-serif">57</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<font face="sans-serif"><page>
<a name="p48"></a>
<p><a href="#contents"><font size="2">Back to Contents</font></a></p>
<p align="right"><img src="debrau.gif" width="152" height="65"></p>
</font>
<p align="center">&nbsp;</p>
<p align="center"><font size="2" face="sans-serif"><b><u>UNOFFICIAL TRANSLATION<br>
  ARTICLES OF ASSOCIATION<br>
  </u></b>of:<br>
  <u>STMicroelectronics N.V.<br>
  with corporate seat in Amsterdam<br>
  </u>dated **, 2005</font></p>
<p align="left"><font size="2" face="sans-serif"><b><u>NAME,&nbsp;SEAT&nbsp;AND&nbsp;DURATION.<br>
Article&nbsp;1.</u></b></font></p>
<table width="100%" border="0" cellpadding="0" cellspacing="0">
  <tr valign="top">
    <td width="4%"><font size="2" face="sans-serif">1.1.</font></td>
    <td align="left"><font size="2" face="sans-serif"> The name of the company
      is: STMicroelectronics N.V.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">1.2.</font></td>
    <td align="left"><font size="2" face="sans-serif">      The company is established at Amsterdam.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">1.3.</font></td>
    <td align="left"><font size="2" face="sans-serif"> The company will continue
      for an indefinite period.</font></td>
  </tr>
</table>
<p align="left"><font size="2" face="sans-serif"><b><u>OBJECTS.<br>
Article&nbsp;2.</u></b></font></p>
<p align="left"><font size="2" face="sans-serif">The objects of the company shall be to participate or take in any manner any interests in other business enterprises, to manage such enterprises, to carry on the business in semi-conductors and electronic devices, to take and grant licenses and other industrial property interests, assume commitments in the name of any enterprises with which it may be associated within a group of companies, to take financial interests in such enterprises and to take any other action, such as but not limited to the granting of securities or the undertaking of obligations on behalf of third parties, which in the broadest sense of the term, may be related or contribute to the aforesaid objects.</font></p>
<p align="left"><font size="2" face="sans-serif"><b><u>SHARE&nbsp;CAPITAL.<br>
Article&nbsp;3.</u></b></font></p>
<table width="100%" border="0" cellpadding="0" cellspacing="0">
  <tr valign="top">
    <td width="4%"><font size="2" face="sans-serif">3.1.</font></td>
    <td align="left"><font size="2" face="sans-serif"> The authorised capital
        of the company amounts to one billion eight hundred nine million six
        hundred thousand euro (EUR&nbsp;1,809,600,000), consisting of one billion
        two hundred million (1,200,000,000) ordinary shares and five hundred
        forty million (540,000,000) preference shares of one euro and four eurocents
      (EUR&nbsp;1.04) each.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">3.2.</font></td>
    <td align="left"><font size="2" face="sans-serif"> Where in these articles
        of association reference is made to shares and shareholders this shall
        include the shares of each class as well as the holders of shares of
      each class respectively, unless explicitly provided otherwise.</font></td>
  </tr>
</table>
<p align="center"><font size="2" face="sans-serif">58</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<font face="sans-serif"><page>
<a name="p49"></a>
<p><a href="#contents"><font size="2">Back to Contents</font></a></p>
</font>
<p><font size="2" face="sans-serif"><b><u>ISSUE OF SHARES.<br>
  Article 4.</u></b></font></p>
<table width="100%" border="0" cellpadding="0" cellspacing="0">
  <tr valign="top">
    <td width="4%"><font size="2" face="sans-serif">4.1.</font></td>
    <td align="left"><font size="2" face="sans-serif"> The supervisory board
        shall have the power to issue shares and to determine the terms and conditions
        of such issue if and in so far as the supervisory board has been designated
        by the general meeting of shareholders as the authorized body for this
        purpose. A designation as referred to above shall only take place for
        a specific period of no more than five years and may not be extended
      by more than five years on each occasion.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">4.2</font></td>
    <td align="left"><font size="2" face="sans-serif"> If a designation as referred
        to in the first paragraph is not in force, the general meeting of shareholders
        shall have the power, upon the proposal of and on the terms and conditions
      set by the supervisory board to resolve to issue shares.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">4.3.</font></td>
    <td align="left"><font size="2" face="sans-serif"> In the event of an issue
        of ordinary shares, shareholders shall have a pre-emptive right in proportion
        to the number of ordinary shares which they own, notwithstanding the
        provisions of the law. In respect of the issue of shares there shall
        be no pre-emptive right to shares issued against a contribution other
        than in cash or issued to employees of the company or of a group company.
        In the event of an issue of preference shares none of the shareholders
        shall have a pre-emptive right. The supervisory board shall have the
        power to limit or debar the pre-emptive right accruing to shareholders,
        if and in so far as the supervisory board has also been designated by
        the general meeting of shareholders for this purpose as the authorized
        body for the period of such designation. The provisions in the second
      sentence of the first paragraph shall equally apply.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">4.4.</font></td>
    <td align="left"><font size="2" face="sans-serif"> If a designation as referred
        to in the third paragraph is not in force, the general meeting of shareholders
        shall have the power, upon the proposal of the supervisory board to limit
      or debar the pre-emptive right accruing to shareholders.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">4.5.</font></td>
    <td align="left"><font size="2" face="sans-serif"> A resolution of the general
        meeting of shareholders to limit or exclude pre-emptive rights or to
        designate the Supervisory Board as authorized to resolve upon limiting
        or excluding of pre-emptive rights requires a majority of at least two-thirds
        of the votes cast in a meeting if in such meeting less than one-half
      of the issued share capital is present or represented.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">4.6.</font></td>
    <td align="left"><font size="2" face="sans-serif"> Without prejudice to what
        has been provided in section 80, paragraph 2, Civil Code:2, shares shall
      at no time be issued below par.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">4.7.</font></td>
    <td align="left"><font size="2" face="sans-serif"> Ordinary shares shall
        be issued only against payment in full; preference shares may be issued
        against partial payment, provided that the proportion of the nominal
        amount that must be paid on each preference share, irrespective of when
        it was issued, shall be the same and that at least one quarter of the
      nominal amount is paid up in full when the share is taken.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">4.8.</font></td>
    <td align="left"><font size="2" face="sans-serif"> Payment must be made in
        cash to the extent that no other contribution has been agreed upon. If
      the company so allows, payment in cash can be made in a foreign currency.</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td align="left"><font size="2" face="sans-serif">In the event of payment in a
      foreign currency the obligation to pay is for the amount which can be freely
      exchanged into Dutch currency. The decisive factor is the rate of exchange
      on the day of payment, or as the case may be after application of the next
      sentence, on the day mentioned therein.</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td align="left"><font size="2" face="sans-serif">The company can require
        payment at the rate of exchange on a certain day within two months prior
        to the
      last day when payment shall have to be made provided the shares or depositary
        receipts for shares after having been issued &#150; shall immediately
      be incorporated in the price list of an exchange abroad.</font></td>
  </tr>
</table>
<p align="center"><font size="2" face="sans-serif">59</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<font face="sans-serif"><page>
<a name="p50"></a>
<p><a href="#contents"><font size="2">Back to Contents</font></a></p>
</font>
<table width="100%" border="0" cellpadding="0" cellspacing="0">
  <tr valign="top">
    <td width="4%"><font size="2" face="sans-serif">4.9.</font></td>
    <td align="left"><font size="2" face="sans-serif"> This article shall equally
        apply to the granting of rights to take shares, but shall not apply to
        the issue of shares to someone who exercises a previously acquired right
      to take shares.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">4.10.</font></td>
    <td align="left"><font size="2" face="sans-serif"> The managing board shall
        determine, subject to approval by the supervisory board, when and in
        what amount payment is to be made in respect of partially paid preference
        shares. The managing board shall notify the shareholders concerned thereof
        in writing at least thirty days before the date on which the payment
      must finally be made.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">4.11</font></td>
    <td align="left"><font size="2" face="sans-serif"> All notifications to shareholders
        will be made in accordance with the provisions relating to giving of
      notice to convene a general meeting as set out in article 27.2.</font></td>
  </tr>
</table>
<P><font size="2" face="sans-serif"><b><u>REPURCHASE OF SHARES.<br>
Article&nbsp;5.</u></b></font></P>
<table width="100%" border="0" cellpadding="0" cellspacing="0">
  <tr valign="top">
    <td width="4%"><font size="2" face="sans-serif">5.1.</font></td>
    <td colspan="2"><font size="2" face="sans-serif"> The company may acquire,
        for valuable consideration, shares in its own share capital if and in
      so far as:</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td width="3%"><font size="2" face="sans-serif">a.</font></td>
    <td align="left"><font size="2" face="sans-serif"> its equity less the purchase
        price of these shares is not less than the aggregate amount of the paid
        up and called up capital and the reserves which must be maintained pursuant
      to the law;</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td><font size="2" face="sans-serif">b.</font></td>
    <td align="left"><font size="2" face="sans-serif"> the par value of the shares
        in its capital which the company acquires, holds or holds in pledge,
        or which are held by a subsidiary company, amounts to no more than one-tenth
      of the issued share capital; and</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td><font size="2" face="sans-serif">c.</font></td>
    <td align="left"><font size="2" face="sans-serif"> the general meeting of
        shareholders has authorized the managing board to acquire such shares,
        which authorization may be given for no more than eighteen months on
      each occasion,</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td colspan="2"><font size="2" face="sans-serif">notwithstanding the further statutory
      provisions.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">5.2.</font></td>
    <td colspan="2"><font size="2" face="sans-serif"> The company may, without
        being authorized thereto by the general meeting of shareholders and notwithstanding
        to what is provided in paragraph 1 under a and b, acquire shares in its
        own share capital in order to transfer those shares to the employees
      of the company or a group company under a scheme applicable to such employees.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">5.3.</font></td>
    <td colspan="2"><font size="2" face="sans-serif"> Shares thus acquired may
        again be disposed of. The company shall not acquire shares in its own
        share capital as referred to in paragraph 1 &#150; if an authorization
        as referred to in such paragraph is in force &#150; or as referred to
        in paragraph 2 without the prior approval of the supervisory board. The
        company shall also not dispose of shares in its own share capital &#150; with
        the exception of shares in the company&#8217;s own share capital acquired
        pursuant to paragraph 2 &#150; without the prior approval of the supervisory
      board.</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td colspan="2"><font size="2" face="sans-serif">If depositary receipts for shares
      in the company have been issued, such depositary receipts shall for the
      application of the provisions of this paragraph and the preceding paragraph
      be treated as shares.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">5.4.</font></td>
    <td colspan="2"><font size="2" face="sans-serif"> In the general meeting
        no votes may be cast in respect of (a) share(s) held by the company or
        a subsidiary company; no votes may be cast in respect of a share the
        depositary receipt for which is held by the company or a subsidiary company.
        However, the holders of a right of usufruct and the holders of a right
        of pledge on shares held by the company and its subsidiary companies,
        are nonetheless not excluded from the right to vote such shares, if the
        right of usufruct or the right of pledge was granted prior to the time
        such share was held by the company or a subsidiary company. Neither the
        company nor a subsidiary company may cast votes in respect of a share
      on which it holds a right of usufruct or a right of pledge.</font></td>
  </tr>
</table>
<p align="center"><font size="2" face="sans-serif">60</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<font face="sans-serif"><page>
<a name="p51"></a>
<p><a href="#contents"><font size="2">Back to Contents</font></a></p>
</font>
<table width="100%" border="0" cellpadding="0" cellspacing="0">
  <tr valign="top">
    <td width="4%">&nbsp;</td>
    <td align="left"><font size="2" face="sans-serif">Shares in respect of which voting
      rights may not be exercised by law or by the articles of association shall
      not be taken into account, when determining to what extent the shareholders
      cast votes, to what extent they are present or represented or to what extent
      the share capital is provided or represented.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">5.5.</font></td>
    <td align="left"><font size="2" face="sans-serif"> Upon the proposal of the
        supervisory board the general meeting of shareholders shall have the
        power to decide (i) to cancel shares acquired by the company from its
        own share capital, and (ii) to cancel all preference shares against repayment
        of the amount paid up on those shares, all subject however to the statutory
      provisions concerned.</font></td>
  </tr>
</table>
<P><font size="2" face="sans-serif"><b><u>SHARES,&nbsp;SHARE&nbsp;CERTIFICATES,&nbsp;SHARE&nbsp;REGISTER.<br>
Article&nbsp;6.</u></b></font></P>
<table width="100%" border="0" cellpadding="0" cellspacing="0">
  <tr valign="top">
    <td><font size="2" face="sans-serif">6.1.</font></td>
    <td colspan="2"><font size="2" face="sans-serif"> Shares shall be in registered
      form.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">6.2.</font></td>
    <td colspan="2"><font size="2" face="sans-serif"> Ordinary shares shall be
    available:</font></td>
  </tr>
  <tr valign="top">
    <td width="4%">&nbsp;</td>
    <td width="3%"><font size="2" face="sans-serif">-</font></td>
    <td align="left"><font size="2" face="sans-serif"> in the form of an entry
        in the share register without issue of a share certificate; shares of
      this type are referred to in these articles as type I shares;</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td><font size="2" face="sans-serif">-</font></td>
    <td align="left"><font size="2" face="sans-serif"> and &#150; should the
        supervisory board so decide &#150; in the form of an entry in the share
        register with issue of a certificate, which certificate shall consist
        of a main part without dividend coupon; shares of this type and share
        certificates of this type are referred to in these articles as type II
      shares.</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td colspan="2"><font size="2" face="sans-serif">Preference shares shall only be
      made available in the form of type I shares.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">6.3.</font></td>
    <td colspan="2"><font size="2" face="sans-serif"> The supervisory board can
        decide that the registration of type I shares may only take place for
        one or more quantities of shares &#150; which quantities are to be specified
      by the supervisory board &#150; at the same time.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">6.4.</font></td>
    <td colspan="2"><font size="2" face="sans-serif"> Type II share certificates
        shall be available in such denominations as the supervisory board shall
      determine.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">6.5.</font></td>
    <td colspan="2"><font size="2" face="sans-serif"> All share certificates
        shall be signed by or on behalf of a managing director; the signature
        may be effected by printed facsimile. Furthermore type II share certificates
        shall, and all other share certificates may, be countersigned by one
      or more persons designated by the managing board for that purpose.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">6.6.</font></td>
    <td colspan="2"><font size="2" face="sans-serif"> All share certificates
      shall be identified by numbers and/or letters. </font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">6.7.</font></td>
    <td colspan="2"><font size="2" face="sans-serif"> The supervisory board can
        determine that for the purpose of effecting trading or transfer of shares
        at foreign exchanges share certificates shall be issued in such form
        as the supervisory board may determine, complying with the requirements
      set by said foreign exchange(s) and not provided with any dividend sheet. </font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">6.8.</font></td>
    <td colspan="2"><font size="2" face="sans-serif"> The expression &quot;share
        certificate&quot; as used in these articles shall include a share certificate
      in respect of more than one share. </font></td>
  </tr>
</table>
<P><font size="2" face="sans-serif"><b><u>Article&nbsp;7.</u></b></font></P>
<table width="100%" border="0" cellpadding="0" cellspacing="0">
  <tr valign="top">
    <td width="4%"><font size="2" face="sans-serif">7.1.</font></td>
<td align="left"><font size="2" face="sans-serif">
  Upon written request from a shareholder, missing or damaged share certificates,
  or parts thereof, may be replaced by new certificates or by duplicates bearing
  the same numbers and/or letters, provided the applicant proves his title and,
  in so far as applicable, his loss to the satisfaction of the supervisory board,
  and further subject to such conditions as the managing board may deem fit. </font></td>
</tr>
</table>
<p align="center"><font size="2" face="sans-serif">61</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<font face="sans-serif"><page>
<a name="p52"></a>
<p><a href="#contents"><font size="2">Back to Contents</font></a></p>
</font>
<table width="100%" border="0" cellpadding="0" cellspacing="0">
  <tr valign="top">
    <td width="4%"><font size="2" face="sans-serif">7.2.</font></td>
    <td align="left"><font size="2" face="sans-serif"> In appropriate cases,
        at its own discretion, the managing board may stipulate that the identifying
        numbers and/or letters of missing documents be published three times,
        at intervals of at least one month, in at least three newspapers to be
        indicated by the managing board announcing the application made; in such
        a case new certificates or duplicates may not be issued until six months
        have expired since the last publication, always provided that the original
      documents have not been produced to the managing board before that time. </font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">7.3.</font></td>
    <td align="left"><font size="2" face="sans-serif"> The issue of new certificates
      or duplicates shall render the original document invalid. </font></td>
  </tr>
</table>
<P><font size="2" face="sans-serif"><b><u>Article&nbsp;8.</u></b></font></P>
<table width="100%" border="0" cellpadding="0" cellspacing="0">
  <tr valign="top">
    <td width="4%"><font size="2" face="sans-serif">8.1.</font></td>
    <td align="left"><font size="2" face="sans-serif"> Notwithstanding the statutory
        provisions in respect of registered shares a register shall be kept by
        or on behalf of the company, which register shall be regularly updated
        and, at the discretion of the managing board, may, in whole or in part,
      be kept in more than one copy and at more than one place. </font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td align="left"><font size="2" face="sans-serif">A part of the register may be
      kept abroad in order to meet requirements set out by foreign statutory provisions
      or provisions of the foreign exchange.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">8.2</font></td>
    <td align="left"><font size="2" face="sans-serif"> Each shareholder's name,
        his address and such further data as the managing board deems desirable,
        whether at the request of a shareholder or not, shall be entered in the
      register. </font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">8.3.</font></td>
    <td align="left"><font size="2" face="sans-serif"> The form and the contents
        of the share register shall be determined by the managing board with
      due regard to the provisions of paragraphs 1 and 2 of this article. </font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td align="left"><font size="2" face="sans-serif">The managing board may determine
      that the records shall vary as to their form and contents according to whether
      they relate to type I shares or to type II shares. </font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">8.4.</font></td>
    <td align="left"><font size="2" face="sans-serif"> Upon request a shareholder
        shall be given free of charge a declaration of what is stated in the
        register with regard to the shares registered in his name, which declaration
        may be signed by one of the specially authorized persons to be appointed
      by the managing board for this purpose. </font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">8.5.</font></td>
    <td align="left"><font size="2" face="sans-serif"> The provisions of the
        last four paragraphs shall equally apply to those who hold a right of
        usufruct or of pledge on one or more registered shares, with the proviso
      that the other data required by law must be entered in the register. </font></td>
  </tr>
</table>
<P><font size="2" face="sans-serif"><b><u>Article&nbsp;9.</u></b></font></P>
<table width="100%" border="0" cellpadding="0" cellspacing="0">
  <tr valign="top">
    <td width="4%"><font size="2" face="sans-serif">9.1.</font></td>
    <td align="left"><font size="2" face="sans-serif"> Subject to the provisions
        of article 6, the holder of an entry in the share register for one or
        more type I shares may, upon his request and at his option, have issued
      to him one or more type II share certificates for the same nominal amount.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">9.2.</font></td>
    <td align="left"><font size="2" face="sans-serif"> Subject to the provisions
        of article 6, the holder of a type II share certificate registered in
        his name may, after lodging the share certificate with the company, upon
        his request and at his option, either have one or more type I shares
      entered in the share register for the same nominal amount.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">9.3.</font></td>
    <td align="left"><font size="2" face="sans-serif"> A request as mentioned
        in this article shall, if the supervisory board so requires, be made
        on a form obtainable from the company free of charge, which shall be
      signed by the applicant.</font></td>
  </tr>
</table>
<p align="center"><font size="2" face="sans-serif">62</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<font face="sans-serif"><page>
<a name="p53"></a>
<p><a href="#contents"><font size="2">Back to Contents</font></a></p>
</font>
<p><font size="2" face="sans-serif"><b><u>TRANSFER&nbsp;OF&nbsp;SHARES.<br>
Article&nbsp;10.</u></b></font></p>
<table width="100%" border="0" cellpadding="0" cellspacing="0">
  <tr valign="top">
    <td width="4%"><font size="2" face="sans-serif">10.1.</font></td>
    <td align="left"><font size="2" face="sans-serif"> The transfer of a registered
        share shall be effected either by service upon the company of the instrument
        of transfer or by written acknowledgement of the transfer by the company,
        subject however to the provisions of the following paragraphs of this
      article. </font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">10.2.</font></td>
    <td align="left"><font size="2" face="sans-serif"> Where a transfer of a
        type II share is effected by service of an instrument of transfer on
        the company, the company shall, at the discretion of the managing board,
        either endorse the transfer on the share certificate or cancel the share
        certificate and issue to the transferee one or more new share certificates
      registered in his name to the same nominal amount.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">10.3.</font></td>
    <td align="left"><font size="2" face="sans-serif"> The Company's written
        acknowledgement of a transfer of a type II share shall, at the discretion
        of the managing board, be effected either by endorsement of the transfer
        on the share certificates or by the issue to the transferee of one or
        more new share certificates registered in his name to the same nominal
      amount. </font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">10.4.</font></td>
    <td align="left"><font size="2" face="sans-serif"> The provisions of the
        foregoing paragraphs of this article shall equally apply to the allotment
        of registered shares in the event of a judicial partition of any community
        of property or interests, the transfer of a registered share as a consequence
        of a judgement execution and the creation of limited rights in rem on
      a registered share. </font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td align="left"><font size="2" face="sans-serif">If a share certificate has been
      issued, the acknowledgement can only be effected either by putting an endorsement
      to that effect on this document, signed by or on behalf of the company,
      or by replacing this document by a new certificate in the name of the acquirer.
      </font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">10.5.</font></td>
    <td align="left"><font size="2" face="sans-serif"> The submission of requests
        and the lodging of documents referred to in articles 7 to 10 inclusive
        shall be made at a place to be indicated by the managing board and in
      any case the places where the company is admitted to a stock exchange.</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td align="left"><font size="2" face="sans-serif">Different places may be indicated
      for the different classes and types of shares and share certificates.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">10.6.</font></td>
    <td align="left"><font size="2" face="sans-serif"> The company is authorized
        to charge amounts to be determined by the managing board not exceeding
        cost price to those persons who request any services to be carried out
      by virtue of articles 7 up to and including 10.</font></td>
  </tr>
</table>
<P><font size="2" face="sans-serif"><b><u>USUFRUCTUARIES, PLEDGEES, HOLDERS OF DEPOSITARY
  RECEIPTS.<br>
Article&nbsp;11.</u></b></font></P>
<table width="100%" border="0" cellpadding="0" cellspacing="0">
  <tr valign="top">
    <td width="4%"><font size="2" face="sans-serif">11.1.</font></td>
    <td align="left"><font size="2" face="sans-serif"> The usufructuary, who
        in conformity with the provisions of section 88, Civil Code:2 has no
        right to vote, and the pledgee who in conformity with the provisions
        of section 89, Civil Code:2 has no right to vote, shall not be entitled
        to the rights which by law have been conferred on holders of depositary
      receipts for shares issued with the cooperation of the company. </font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">11.2.</font></td>
    <td align="left"><font size="2" face="sans-serif"> Where in these articles
        of association persons are mentioned, entitled to attend meetings of
        shareholders, this shall include to holders of depositary receipts for
        shares issued with the cooperation of the company, and persons who in
        pursuance of paragraph 4 in section 88 or section 89, Civil Code:2 have
        the rights that by law have been conferred on holders of depositary receipts
      for shares issued with the cooperation of the company. </font></td>
  </tr>
</table>
<p align="center"><font size="2" face="sans-serif">63</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<font face="sans-serif"><page>
<a name="p54"></a>
<p><a href="#contents"><font size="2">Back to Contents</font></a></p>
</font>
<p><font size="2" face="sans-serif"><b><u>MANAGING BOARD.<br>
Article&nbsp;12.</u></b></font></p>
<table width="100%" border="0" cellpadding="0" cellspacing="0">
  <tr valign="top">
    <td width="4%"><font size="2" face="sans-serif">12.1.</font></td>
    <td align="left"><font size="2" face="sans-serif"> The company shall be managed
        by a managing board consisting of one or more managing directors under
        the supervision of the supervisory board. The number of members of the
        managing board shall be resolved upon by the general meeting of shareholders
        upon the proposal of the supervisory board. The members of the managing
        board shall be appointed for three years, a year being understood as
        meaning the period between two Annual General Meetings of Shareholders
        adopting the Accounts of the previous fiscal year or the meeting in which
      a postponement of this is granted.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">12.2.</font></td>
    <td align="left"><font size="2" face="sans-serif"> Managing directors shall
        be appointed by the general meeting of shareholders upon the proposal
      of the supervisory board for each vacancy to be filled.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">12.3.</font></td>
    <td align="left"><font size="2" face="sans-serif"> Without prejudice to the
        provisions of article 28, paragraph 2, a proposal to make one or more
        appointments to the managing board may be placed on the agenda of a general
      meeting of shareholders by the supervisory board.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">12.4.</font></td>
    <td align="left"><font size="2" face="sans-serif"> The company has a policy
        regarding the compensation of the managing board. The policy will be
        adopted by the general meeting of shareholders upon the proposal of the
      supervisory board.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">12.5.</font></td>
    <td align="left"><font size="2" face="sans-serif"> The supervisory board
        shall determine the compensation of the individual managing directors,
        within the scope of the compensation policy referred to in the previous
        paragraph. The supervisory board will submit for approval by the general
        meeting of shareholders a proposal regarding the compensation in the
        form of shares or rights to acquire shares. This proposal sets forth
        at least how many shares or rights to acquire shares may be awarded to
      the managing board and which criteria apply to an award or a modification.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">12.6.</font></td>
    <td align="left"><font size="2" face="sans-serif"> The general meeting of
        shareholders shall decide in accordance with the provisions of article
      32, paragraph 1.</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td align="left"><font size="2" face="sans-serif">Votes in respect of persons who
      have not been so nominated shall be invalid.</font></td>
  </tr>
</table>
<P><font size="2" face="sans-serif"><b><u>Article&nbsp;13.</u></b></font></P>
<table width="100%" border="0" cellpadding="0" cellspacing="0">
  <tr valign="top">
    <td width="4%"><font size="2" face="sans-serif">13.1.</font></td>
    <td align="left"><font size="2" face="sans-serif"> The general meeting of
        shareholders shall be entitled to suspend or dismiss one or more managing
        directors, provided that at least half of the issued share capital is
        represented at the meeting. No such quorum shall be required where the
      suspension or dismissal is proposed by the supervisory board.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">13.2.</font></td>
    <td align="left"><font size="2" face="sans-serif"> Where a quorum under paragraph
        1 is required but is not present, a further meeting shall be convened,
        to be held within four weeks after the first meeting, which shall be
        entitled, irrespective of the share capital represented, to pass a resolution
      in regard to the suspension or dismissal.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">13.3.</font></td>
    <td align="left"><font size="2" face="sans-serif"> The managing directors
        can be jointly or individually suspended by the supervisory board. After
        suspension a general meeting of shareholders shall be convened within
        three months, at which meeting it shall be decided whether the suspension
      shall be cancelled or maintained.</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td align="left"><font size="2" face="sans-serif">The person involved shall be
      given the opportunity to account for his actions at that meeting.</font></td>
  </tr>
</table>
<P><font size="2" face="sans-serif"><b><u>REPRESENTATION<br>
  Article&nbsp;14.</u></b></font></P>
<table width="100%" border="0" cellpadding="0" cellspacing="0">
  <tr valign="top">
    <td width="4%"><font size="2" face="sans-serif">14.1.</font></td>
<td align="left"><font size="2" face="sans-serif">
  The entire managing board as well as each managing director may represent the
  company.</font></td>
</tr>
</table>
<p align="center"><font size="2" face="sans-serif">64</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<font face="sans-serif"><page>
<a name="p55"></a>
<p><a href="#contents"><font size="2">Back to Contents</font></a></p>
</font>
<table width="100%" border="0" cellpadding="0" cellspacing="0">
  <tr valign="top">
    <td width="4%"><font size="2" face="sans-serif">14.2.</font></td>
    <td align="left"><font size="2" face="sans-serif"> The managing board may
        grant powers of attorney to persons, whether or not in the service of
        the company, to represent the company and shall thereby determine the
      scope of such powers of attorney and the titles of such persons.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">14.3.</font></td>
    <td align="left"><font size="2" face="sans-serif"> The managing board shall
        have power to perform legal acts as specified in section 2:94, paragraph
        1, Civil Code in so far as such power is not expressly excluded or limited
        by any provision of these articles or by any resolution of the supervisory
      board.</font></td>
  </tr>
</table>
<P><font size="2" face="sans-serif"><b><u>Article&nbsp;15.</u></b></font></P>
<table width="100%" border="0" cellpadding="0" cellspacing="0">
  <tr valign="top">
    <td width="4%"><font size="2" face="sans-serif">15.1.</font></td>
    <td align="left"><font size="2" face="sans-serif"> The supervisory board
        shall appoint one of the managing directors as chairman of the managing
        board. Appointment of the chairman shall be resolved with the majority
      mentioned in article 22, paragraph 1.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">15.2.</font></td>
    <td align="left"><font size="2" face="sans-serif"> Resolutions of the managing
        board shall be passed by simple majority of votes. In the event of a
        tie of votes the chairman of the managing board shall have a casting
      vote.</font></td>
  </tr>
</table>
<P><font size="2" face="sans-serif"><b><u>Article&nbsp;16.</u></b></font></P>
<table width="100%" border="0" cellpadding="0" cellspacing="0">
  <tr valign="top">
    <td width="4%"><font size="2" face="sans-serif">16.1.</font></td>
    <td colspan="4"><font size="2" face="sans-serif"> Without prejudice to provisions
        made elsewhere in these articles, the managing board shall require the
      prior express approval:</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td width="3%"><font size="2" face="sans-serif">(i)</font></td>
    <td colspan="3"><font size="2" face="sans-serif"> from the supervisory board
      for decisions relating to:</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td width="3%"><font size="2" face="sans-serif">1.</font></td>
    <td colspan="2"><font size="2" face="sans-serif"> all proposals to be submitted
      to a vote at the general meeting of the shareholders;</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td><font size="2" face="sans-serif">2.</font></td>
    <td colspan="2"><font size="2" face="sans-serif"> the formation of all companies,
        acquisition or sale of any participation, and conclusion of any cooperation
      and participation agreement;</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td><font size="2" face="sans-serif">3.</font></td>
    <td colspan="2"><font size="2" face="sans-serif"> all pluriannual plans of
        the company and the budget for the first coming year, covering the following
      matters:</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td width="3%"><font size="2" face="sans-serif">-</font></td>
    <td align="left"><font size="2" face="sans-serif"> investment policy;</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td><font size="2" face="sans-serif">-</font></td>
    <td align="left"><font size="2" face="sans-serif"> policy regarding research
      and development, as well as commercial policy and objectives;</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td><font size="2" face="sans-serif">-</font></td>
    <td align="left"><font size="2" face="sans-serif"> general financial policy;</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td><font size="2" face="sans-serif">-</font></td>
    <td align="left"><font size="2" face="sans-serif"> policy regarding personnel;</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td><font size="2" face="sans-serif">4.</font></td>
    <td colspan="2"><font size="2" face="sans-serif"> all acts, decisions or
        operations covered by the above list and constituting a significant change
        with respect to decisions already adopted by the supervisory board or
        not provided for in the above list and as specifically laid down by the
      supervisory board by resolution passed by it to that effect.</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td><font size="2" face="sans-serif">(ii)</font></td>
    <td colspan="3"><font size="2" face="sans-serif"> from the general meeting
        of shareholders with respect to resolutions regarding a significant change
        in the identity or nature of the company or the enterprise, including
        in any event (a) transfering the enterprise or practically the entire
        enterprise to a third party, (b) entering into or cancelling any long-term
        cooperation between the company or a subsidiary (<i>&quot;dochtermaatschappij&quot;</i>)
        and any other legal person or company or as a fully liable general partner
        of a limited partnership or a general partnership, provided that such
        cooperation or the cancellation thereof is of essential importance to
        the company, and (c) the company or a subsidiary (&quot;<i>dochtermaatschappij</i>&quot;)
        acquiring or disposing of a participating interest in the capital of
        a company with a value of at least one-third of the company&acute;s total
        assets according to the consolidated balance sheet and notes thereto
      in the most recently adopted annual accounts of the company;</font></td>
  </tr>
</table>
<p align="center"><font size="2" face="sans-serif">65</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<font face="sans-serif"><page>
<a name="p56"></a>
<p><a href="#contents"><font size="2">Back to Contents</font></a></p>
</font>
<table width="100%" border="0" cellpadding="0" cellspacing="0">
  <tr valign="top">
    <td width="4%"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="left"><font size="2" face="sans-serif">the absence of the approval provided
      for above may not be raised by or against third parties.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">16.2.</font></td>
    <td align="left"><font size="2" face="sans-serif"> Without prejudice to provisions
        made elsewhere in these articles, the managing board shall require the
        approval of the general meeting of shareholders according to the law
        and the provisions of these articles as well as such resolutions as are
        clearly defined by a resolution of the general meeting of shareholders
      to that effect.</font></td>
  </tr>
</table>
<p align="left"><font size="2" face="sans-serif"><b><u>Article&nbsp;17.</u></b></font></p>
<p align="left"><font size="2" face="sans-serif">In the event of the absence or inability to act of one of more managing directors the remaining managing directors or managing director shall temporarily be responsible for the entire management. In the event of the absence or inability to act of all managing directors, one or more persons appointed by the supervisory board for this purpose at any time shall be temporarily responsible for the management. </font></p>
<p align="left"><font size="2" face="sans-serif"><b><u>SUPERVISORY&nbsp;BOARD.<br>
Article&nbsp;18.</u></b></font></p>
<table width="100%" border="0" cellpadding="0" cellspacing="0">
  <tr valign="top">
    <td width="4%"><font size="2" face="sans-serif">18.1.</font></td>
    <td colspan="2"><font size="2" face="sans-serif"> The supervisory board shall
        be responsible for supervising the policy pursued by the managing board
        and the general course of affairs of the company and the business enterprise
        which it operates. The supervisory board shall assist the managing board
        with advice relating to the general policy aspects connected with the
        activities of the company. In fulfilling their duties the supervisory
        directors shall serve the interests of the company and the business enterprise
      which it operates.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">18.2.</font></td>
    <td colspan="2"><font size="2" face="sans-serif"> The managing board shall
        provide the supervisory board in good time with all relevant information
        as well as the information the supervisory board requests, in connection
      with the exercise of its duties.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">18.3.</font></td>
    <td colspan="2"><font size="2" face="sans-serif"> At least once per year
        the managing board shall inform the supervisory board in writing of the
        main features of the strategic policy, the general and financial risks
      and the management and control systems of the company. </font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td colspan="2"><font size="2" face="sans-serif">The managing board shall then
      submit to the supervisory board for approval:</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td width="3%"><font size="2" face="sans-serif">a)</font></td>
    <td align="left"><font size="2" face="sans-serif"> the operational and financial
      objectives of the company;</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td><font size="2" face="sans-serif">b)</font></td>
    <td align="left"><font size="2" face="sans-serif"> the strategy designed
      to achieve the objectives; and</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td><font size="2" face="sans-serif">c)</font></td>
    <td align="left"><font size="2" face="sans-serif"> the parameters to be applied
      in relation to the strategy, <i>inter alia</i>, regarding financial ratios.</font></td>
  </tr>
</table>
<P><font size="2" face="sans-serif"><b><u>Article&nbsp;19.</u></b></font></P>
<table width="100%" border="0" cellpadding="0" cellspacing="0">
  <tr valign="top">
    <td width="4%"><font size="2" face="sans-serif">19.1.</font></td>
    <td align="left"><font size="2" face="sans-serif"> The Supervisory board
        shall consist of at least six members, to be appointed by the general
        meeting of shareholders upon the proposal of the supervisory board for
        each vacancy to be filled. The number of supervisory directors shall
        without prejudice to the preceding sentence be resolved upon by the general
      meeting of shareholders upon the proposal of the supervisory board.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">19.2.</font></td>
    <td align="left"><font size="2" face="sans-serif"> The general meeting of
        shareholders shall decide in accordance with the provisions of article
      32 paragraph 1.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">19.3.</font></td>
    <td align="left"><font size="2" face="sans-serif"> Without prejudice to the
        provisions of article 28, paragraph 2, a proposal to make one or more
        appointments to the supervisory board may be placed on the agenda of
      the general meeting of shareholders by the supervisory board.</font></td>
  </tr>
</table>
<p align="center"><font size="2" face="sans-serif">66</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<font face="sans-serif"><page>
<a name="p57"></a>
<p><a href="#contents"><font size="2">Back to Contents</font></a></p>
</font>
<table width="100%" border="0" cellpadding="0" cellspacing="0">
  <tr valign="top">
    <td width="4%"><font size="2" face="sans-serif">19.4.</font></td>
    <td align="left"><font size="2" face="sans-serif"> The supervisory board
        shall appoint from their number a chairman and a vice-chairman of the
        supervisory board with the majority mentioned in article 22, paragraph
      1.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">19.5.</font></td>
    <td align="left"><font size="2" face="sans-serif"> Upon the appointment of
        the supervisory directors the particulars as referred to in section 142,
      paragraph 3, Civil Code:2 shall be made available for prior inspection.</font></td>
  </tr>
</table>
<P><font size="2" face="sans-serif"><b><u>Article 20.</u></b></font></P>
<table width="100%" border="0" cellpadding="0" cellspacing="0">
  <tr valign="top">
    <td width="4%"><font size="2" face="sans-serif">20.1.</font></td>
    <td align="left"><font size="2" face="sans-serif"> The supervisory board
        may appoint one or more of its members as delegate supervisory director
        in charge of supervising the managing board on a regular basis. They
        shall report their findings to the supervisory board. The offices of
        chairman of the supervisory board and delegate supervisory director are
      compatible.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">20.2.</font></td>
    <td align="left"><font size="2" face="sans-serif"> With due observance of
        these articles of association, the supervisory board may adopt rules
        regulating the division of its duties among its various supervisory directors.
        The Supervisory Board may also delegate certain of its powers to committees
        which exclusively consist of members of the Supervisory Board, such as
        an audit committee, a compensation committee or any other committee as
        the Supervisory Board may resolve to install. In case the authority to
        resolve upon the issuance of new shares is delegated to the Supervisory
        board, the Supervisory Board may install a pricing committee which shall
        exclusively consist of members of the Supervisory Board and which shall
        be authorised within the range set in the delegation mentioned above
        to determine on behalf of the Supervisory Board the price and conditions
      for newly issued shares.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">20.3.</font></td>
    <td align="left"><font size="2" face="sans-serif"> The supervisory board
        may decide that one or more of its members shall have access to all premises
        of the company and shall be authorized to examine all books, correspondence
        and other records and to be fully informed of all actions which have
        taken place, or may decide that one or more of its supervisory directors
      shall be authorised to exercise a portion of such powers.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">20.4.</font></td>
    <td align="left"><font size="2" face="sans-serif"> At the expense of the
        company, the supervisory board may obtain such advice from experts as
        the supervisory board deems desirable for the proper fulfilment of its
      duties.</font></td>
  </tr>
</table>
<P><font size="2" face="sans-serif"><b><u>Article&nbsp;21.</u></b></font></P>
<table width="100%" border="0" cellpadding="0" cellspacing="0">
  <tr valign="top">
    <td width="4%"><font size="2" face="sans-serif">21.1.</font></td>
    <td align="left"><font size="2" face="sans-serif"> A supervisory director
        shall retire no later than at the ordinary general meeting of shareholders
      held after a period of three years following his appointment.</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td align="left"><font size="2" face="sans-serif">A retired supervisory director
      may immediately be re-elected.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">21.2.</font></td>
    <td align="left"><font size="2" face="sans-serif"> The supervisory board
      may establish a rotation scheme.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">21.3.</font></td>
    <td align="left"><font size="2" face="sans-serif"> The supervisory directors
        may be suspended or dismissed by the general meeting of shareholders.
        The supervisory board may make a proposal to the general meeting of shareholders
      for the suspension or dismissal of one or more of its supervisory directors. </font></td>
  </tr>
</table>
<P><font size="2" face="sans-serif"><b><u>Article&nbsp;22.</u></b></font></P>
<table width="100%" border="0" cellpadding="0" cellspacing="0">
  <tr valign="top">
    <td width="4%"><font size="2" face="sans-serif">22.1.</font></td>
<td align="left"><font size="2" face="sans-serif">
  The supervisory board may pass resolutions by at least three quarters of the
  votes of the members in office. Each supervisory director has the right to
  cast one vote. In case of absence a supervisory director may issue a proxy,
  however, only to another supervisory director. The proxy should explicitly
  indicate in which way the vote must be cast. The supervisory board may pass
  resolutions in writing without holding a meeting provided that the proposals
  for such resolutions have been communicated in writing to all supervisory directors
  and no supervisory director is opposed to this method of passing a resolution. </font></td>
</tr>
</table>
<p align="center"><font size="2" face="sans-serif">67</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<font face="sans-serif"><page>
<a name="p58"></a>
<p><a href="#contents"><font size="2">Back to Contents</font></a></p>
</font>
<table width="100%" border="0" cellpadding="0" cellspacing="0">
  <tr valign="top">
    <td width="4%"><font size="2" face="sans-serif">22.2.</font></td>
    <td align="left"><font size="2" face="sans-serif"> A certificate signed by
        two supervisory directors to the effect that the supervisory board has
        passed a particular resolution shall constitute evidence of such a resolution
      in dealings with third parties.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">22.3.</font></td>
    <td align="left"><font size="2" face="sans-serif"> The managing directors
      shall attend meetings of the supervisory board at the latter's request. </font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">22.4.</font></td>
    <td align="left"><font size="2" face="sans-serif"> The supervisory board
        shall meet whenever two or more of its members or the managing board
        so requests. Meetings of the supervisory board shall be convened by the
        chairman of the supervisory board, either on request of two or more supervisory
        directors or on request of the managing board, or by the supervisory
        directors requesting the meeting to be held. If the chairman fails to
        convene a meeting to be held within four weeks of the receipt of the
        request, the supervisory board members making the request are entitled
      to convene the meeting.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">22.5.</font></td>
    <td align="left"><font size="2" face="sans-serif"> The supervisory board
        shall draw up standing orders regulating inter alia the manner of convening
        board meetings and the internal procedure at such meetings. These meetings
      may be held by telephone as well as by video.</font></td>
  </tr>
</table>
<P><font size="2" face="sans-serif"><b><u>Article&nbsp;23.</u></b></font></P>
<p align="left"><font size="2" face="sans-serif">The general meeting of shareholders determines the compensation to the members of the Supervisory Board or to one or more of its members. The meeting shall have authority to decide whether such compensation will consist of a fixed amount and/or an amount that is variable in proportion to profits or any other factor. The Supervisory Board members shall be reimbursed for their expenses.</font></p>
<p align="left"><font size="2" face="sans-serif"><b><u>INDEMNIFICATION.<br>
Article&nbsp;24.</u></b></font></p>
<table width="100%" border="0" cellpadding="0" cellspacing="0">
  <tr valign="top">
    <td width="4%"><font size="2" face="sans-serif">24.1.</font></td>
<td align="left"><font size="2" face="sans-serif">
  The company shall indemnify any person who was or is a party or is threatened
  to be made a party to any threatened, pending or completed action, suit or
  proceeding, whether civil, criminal, administrative or investigative (other
  than an action by or in the right of the company) by reason of the fact that
  he is or was a supervisory director, managing director, officer or agent of
  the company, or was serving at the request of the company as a supervisory
  director, managing director, officer or agent of another company, a partnership,
  joint venture, trust or other enterprise, against all expenses (including attorneys'
  fees) judgements, fines and amounts paid in settlement actually and reasonably
  incurred by him in connection with such action, suit or proceeding if he acted
  in good faith and in a manner he reasonably believed to be in or not opposed
  to the best interests of the company, and, with respect to any criminal action
  or proceeding, had no reasonable cause to believe his conduct was unlawful
  or out of his mandate. The termination of any action, suit or proceeding by
  a judgement, order, settlement, conviction, or upon a plea of nolo contendere
  or its equivalent, shall not, of itself, create a presumption that the person
  did not act in good faith and not in a manner which he reasonably believed
  to be in or not opposed to the best interests of the company, and, with respect
  to any criminal action or proceeding, had reasonable cause to believe that
  his conduct was unlawful. </font></td>
</tr>
</table>
<p align="center"><font size="2" face="sans-serif">68</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<font face="sans-serif"><page>
<a name="p59"></a>
<p><a href="#contents"><font size="2">Back to Contents</font></a></p>
</font>
<table width="100%" border="0" cellpadding="0" cellspacing="0">
  <tr valign="top">
    <td width="4%"><font size="2" face="sans-serif">24.2.</font></td>
    <td colspan="2"><font size="2" face="sans-serif"> The company shall indemnify
        any person who was or is a party or is threatened to be made a party
        to any threatened, pending or completed action or proceeding by or in
        the right of the company to procure a judgement in its favor, by reason
        of the fact that he is or was a supervisory director, managing director,
        officer or agent of the company, or is or was serving at the request
        of the company as a supervisory director, managing director, officer
        or agent of another company, a partnership, joint venture, trust or other
        enterprise, against expenses (including attorneys' fees) actually and
        reasonably incurred by him in connection with the defense or settlement
        of such action or proceeding if he acted in good faith and in a manner
        he reasonably believed to be in or not opposed to the best interests
        of the company and except that no indemnification shall be made in respect
        of any claim, issue or matter as to which such person shall have been
        adjudged to be liable for gross negligence or wilful misconduct in the
        performance of his duty to the company, unless and only to the extent
        that the court in which such action or proceeding was brought or any
        other court having appropriate jurisdiction shall determine upon application
        that, despite the adjudication of liability but in view of all the circumstances
        of the case, such person is fairly and reasonably entitled to indemnification
        against such expenses which the court in which such action or proceeding
        was brought or such other court having appropriate jurisdiction shall
      deem proper. </font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">24.3.</font></td>
    <td colspan="2"><font size="2" face="sans-serif"> To the extent that a supervisory
        director, managing director, officer or agent of the company has been
        successful on the merits or otherwise in defense of any action, suit
        of proceeding, referred to in paragraphs 1 and 2, or in defense of any
        claim, issue or matter therein, he shall be indemnified against expenses
        (including attorney's fees) actually and reasonable incurred by him in
      connection therewith. </font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">24.4.</font></td>
    <td colspan="2"><font size="2" face="sans-serif"> Any indemnification by
        the company referred to in paragraphs 1 and 2 shall (unless ordered by
        a court) only be made upon a determination that indemnification of the
        supervisory director, managing director, officer or agent is proper in
        the circumstances because he had met the applicable standard of conduct
      set forth in paragraphs 1 and 2. Such determination shall be made:</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td width="3%"><font size="2" face="sans-serif">a.</font></td>
    <td align="left"><font size="2" face="sans-serif"> either by the supervisory
        board by a majority vote in a meeting in which a quorum as mentioned
        in article 22, paragraph 1, and consisting of supervisory directors who
      where not parties to such action, suit or proceeding, is present; </font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td><font size="2" face="sans-serif">b.</font></td>
    <td align="left"><font size="2" face="sans-serif"> or, if such a quorum is
        not obtainable or although such a quorum is obtained if the majority
        passes a resolution to that effect, by independent legal counsel in a
      written opinion; </font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td><font size="2" face="sans-serif">c.</font></td>
    <td align="left"><font size="2" face="sans-serif"> or by the general meeting
      of shareholders. </font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">24.5.</font></td>
    <td colspan="2"><font size="2" face="sans-serif"> Expenses incurred in defending
        a civil or criminal action, suit or proceeding may be paid by the company
        in advance of the final disposition of such action, suit or proceeding
        upon a resolution of the supervisory board with respect to the specific
        case upon receipt of an undertaking by or on behalf of the supervisory
        director, managing director, officer or agent to repay such amount unless
        it shall ultimately be determined that he is entitled to be indemnified
      by the company as authorized in this article. </font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">24.6.</font></td>
    <td colspan="2"><font size="2" face="sans-serif"> The indemnification provided
        for by this article shall not be deemed exclusive of any other right
        to which a person seeking indemnification may be entitled under any by-laws,
        agreement, resolution of the general meeting of shareholders or of the
        disinterested supervisory directors or otherwise, both as to actions
        in his official capacity and as to actions in another capacity while
        holding such position, and shall continue as to a person who has ceased
        to be a supervisory director, managing director, officer or agent and
        shall also inure to the benefit of the heirs, executors and administrators
      of such a person. </font></td>
  </tr>
</table>
<p align="center"><font size="2" face="sans-serif">69</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<font face="sans-serif"><page>
<a name="p60"></a>
<p><a href="#contents"><font size="2">Back to Contents</font></a></p>
</font>
<table width="100%" border="0" cellpadding="0" cellspacing="0">
  <tr valign="top">
    <td width="4%"><font size="2" face="sans-serif">24.7.</font></td>
    <td align="left"><font size="2" face="sans-serif"> The company shall have
        the power to purchase and maintain insurance on behalf of any person
        who is or was a supervisory director, managing director, officer or agent
        of the company, or is or was serving at the request of the company as
        a supervisory director, managing director, officer, employee or agent
        of another company, a partnership, joint venture, trust or other enterprise,
        against any liability asserted against him and incurred by him in any
        such capacity or arising out of his capacity as such, whether or not
        the company would have the power to indemnify him against such liability
      under the provisions of this article.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">24.8.</font></td>
    <td align="left"><font size="2" face="sans-serif"> Whenever in this article
        reference is being made to the company, this shall include, in addition
        to the resulting or surviving company also any constituent company (including
        any constituent company of a constituent company) absorbed in a consolidation
        or merger which, if its separate existence had continued, would have
        had the power to indemnify its supervisory directors, managing directors,
        officers and agents, so that any person who is or was a supervisory director,
        managing director, officer or agent of such constituent company, or is
        or was serving at the request of such constituent company as a supervisory
        director, managing director, officer or agent of another company, a partnership,
        joint venture, trust or other enterprise, shall stand in the same position
        under the provisions of this article with respect to the resulting or
        surviving company as he would have with respect to such constituent company
      if its separate existence had continued. </font></td>
  </tr>
</table>
<P><font size="2" face="sans-serif"><b><u>GENERAL&nbsp;MEETING&nbsp;OF&nbsp;SHAREHOLDERS.<br>
Article&nbsp;25.</u></b></font></P>
<table width="100%" border="0" cellpadding="0" cellspacing="0">
  <tr valign="top">
    <td width="4%"><font size="2" face="sans-serif">25.1.</font></td>
    <td colspan="2"><font size="2" face="sans-serif"> The ordinary general meeting
        of shareholders shall be held each year within six months after the close
      of the financial year.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">25.2.</font></td>
    <td colspan="2"><font size="2" face="sans-serif"> At this general meeting
      shall be dealt with: </font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td width="3%"><font size="2" face="sans-serif">a.</font></td>
    <td align="left"><font size="2" face="sans-serif"> the written report of
        the managing board on the course of business of the company and the conduct
        of its affairs during the past financial year, and the report of the
      supervisory board on the annual accounts; </font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td><font size="2" face="sans-serif">b.</font></td>
    <td align="left"><font size="2" face="sans-serif"> adoption of the annual
        accounts and the declaration of dividend in the manner laid down in article
      37; </font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td><font size="2" face="sans-serif">c.</font></td>
    <td align="left"><font size="2" face="sans-serif"> granting of discharge
        to the members of the Managing Board for their management during the
        past financial year and to the members of the Supervisory Board for their
      supervision on such management;</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td><font size="2" face="sans-serif">d.</font></td>
    <td align="left"><font size="2" face="sans-serif"> filling vacancies on the
      managing board in accordance with the provisions of article 12;</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td><font size="2" face="sans-serif">e.</font></td>
    <td align="left"><font size="2" face="sans-serif"> filling vacancies on the
      supervisory board in accordance with the provisions of article 19;</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td><font size="2" face="sans-serif">f.</font></td>
    <td align="left"><font size="2" face="sans-serif"> the proposals placed on
        the agenda by the managing board or by the supervisory board, together
        with proposals made by shareholders in accordance with the provisions
      of these articles.</font></td>
  </tr>
</table>
<p align="center"><font size="2" face="sans-serif">70</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<font face="sans-serif"><page>
<a name="p61"></a>
<p><a href="#contents"><font size="2">Back to Contents</font></a></p>
</font>
<p><font size="2" face="sans-serif"><b><u>Article&nbsp;26.</u></b></font></p>
<table width="100%" border="0" cellpadding="0" cellspacing="0">
  <tr valign="top">
    <td width="4%"><font size="2" face="sans-serif">26.1.</font></td>
    <td align="left"><font size="2" face="sans-serif"> Extraordinary general
        meetings of shareholders shall be held as often as deemed necessary by
        the supervisory board and shall be held if one or more shareholders and
        other persons entitled to attend the meetings of shareholders jointly
        representing at least one-tenth of the issued share capital make a written
        request to that effect to the managing board or supervisory board, specifying
      in detail the business to be dealt with. </font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">26.2.</font></td>
    <td align="left"><font size="2" face="sans-serif"> If the managing board
        or supervisory board fail to comply with a request under paragraph 1
        above in such manner that the general meeting of shareholders can be
        held within six weeks after the request, the persons making the request
        may be authorized by the President of the Court within whose jurisdiction
      the company is established to convene the meeting themselves.</font></td>
  </tr>
</table>
<P><font size="2" face="sans-serif"><b><u>Article&nbsp;27.</u></b></font></P>
<table width="100%" border="0" cellpadding="0" cellspacing="0">
  <tr valign="top">
    <td width="4%"><font size="2" face="sans-serif">27.1.</font></td>
    <td align="left"><font size="2" face="sans-serif"> General meetings of shareholders
        shall be held at Amsterdam, Haarlemmermeer (Schiphol Airport), Rotterdam
        or The Hague; the notice convening the meeting shall inform the shareholders
      and other persons entitled to attend the meetings of shareholders accordingly.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">27.2.</font></td>
    <td align="left"><font size="2" face="sans-serif"> The notice convening a
        general meeting of shareholders shall be published by advertisement which
        shall at least be published in a national daily newspaper and abroad
        in at least one daily newspaper appearing in each of these countries
        other than the United States, where, on the application of the company,
        the shares have been admitted for official quotation. In addition, holders
        of registered shares shall be notified by letter that the meeting is
      being convened. </font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">27.3.</font></td>
    <td align="left"><font size="2" face="sans-serif"> The notice convening the
        meeting shall be issued by the managing board, by the supervisory board
      or by those who according to the law or these articles are entitled thereto. </font></td>
  </tr>
</table>
<P><font size="2" face="sans-serif"><b><u>Article&nbsp;28.</u></b></font></P>
<table width="100%" border="0" cellpadding="0" cellspacing="0">
  <tr valign="top">
    <td width="4%"><font size="2" face="sans-serif">28.1.</font></td>
    <td align="left"><font size="2" face="sans-serif"> The notice convening the
        meeting referred to in the foregoing article shall be issued no later
      than on the twenty-first day prior to the meeting. </font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">28.2.</font></td>
    <td align="left"><font size="2" face="sans-serif"> The agenda shall contain
        such business as may be placed thereon by the person(s) entitled to convene
        the meeting, and furthermore such business as one or more shareholders,
        representing at least one-tenth of the issued share capital, have requested
        the managing board or supervisory board to place on the agenda at least
        five days before the date on which the meeting is convened. Nominations
        for appointment to the managing board and the supervisory board cannot
        be placed on the agenda by the managing board. No resolution shall be
      passed at the meeting in respect of matters not on the agenda.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">28.3.</font></td>
    <td align="left"><font size="2" face="sans-serif"> Nothwithstanding paragraph
        2, proposals of persons who are entitled to attend the meetings of shareholders
        will be included in the agenda, if such proposal is made in writing to
        the managing board within a period of sixty days before that meeting
        by persons who are entitled to attend the meetings of shareholders, who
        solely or jointly, represent at least one per cent (1%) of the company&acute;s
        issued share capital or a market value of at least fifty million euro
        (EUR&nbsp;50,000,000), unless the company determines that such proposal
      would conflict with substantial interests of the company.</font></td>
  </tr>
</table>
<p align="center"><font size="2" face="sans-serif">71</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<font face="sans-serif"><page>
<a name="p62"></a>
<p><a href="#contents"><font size="2">Back to Contents</font></a></p>
</font>
<table width="100%" border="0" cellpadding="0" cellspacing="0">
  <tr valign="top">
    <td width="4%"><font size="2" face="sans-serif">28.4.</font></td>
<td align="left"><font size="2" face="sans-serif">
  Without prejudice to the relevant provisions of law, dealing with withdrawal
  of shares and amendments to articles of association, the notice convening the
  meeting shall either mention the business on the agenda or state that the agenda
  is open to inspection by the shareholders and other persons entitled to attend
  the meetings of shareholders at the office of the company.</font></td>
</tr>
</table>
<P><font size="2" face="sans-serif"><b><u>Article&nbsp;29.</u></b></font></P>
<table width="100%" border="0" cellpadding="0" cellspacing="0">
  <tr valign="top">
    <td width="4%"><font size="2" face="sans-serif">29.1.</font></td>
    <td align="left"><font size="2" face="sans-serif"> General meetings of shareholders
        shall be presided over by the chairman of the supervisory board or in
        his absence by the vice-chairman of the supervisory board. In case of
        absence of the chairman and the vice-chairman of the supervisory board
        the meeting shall be presided by any other person nominated by the supervisory
      board.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">29.2.</font></td>
    <td align="left"><font size="2" face="sans-serif"> Minutes shall be kept
        of the business transacted at a general meeting of shareholders, which
        minutes shall be drawn up and signed by the chairman and by a person
      appointed by him immediately after the opening of the meeting. </font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">29.3.</font></td>
    <td align="left"><font size="2" face="sans-serif"> Where the minutes are
        drawn up before a civil law notary, the chairman's signature, together
      with that of the civil law notary, shall be sufficient. </font></td>
  </tr>
</table>
<P><font size="2" face="sans-serif"><b><u>Article&nbsp;30.</u></b></font></P>
<table width="100%" border="0" cellpadding="0" cellspacing="0">
  <tr valign="top">
    <td width="4%"><font size="2" face="sans-serif">30.1.</font></td>
    <td align="left"><font size="2" face="sans-serif"> All shareholders and other
        persons entitled to vote at general meetings of shareholders are entitled
        to attend the general meetings of shareholders, to address the general
        meeting of shareholders and to vote. The general meeting of shareholders
        may lay down rules regulating, inter alia, the length of time for which
        shareholders may speak. In so far as such rules are not applicable, the
        chairman may regulate the time for which shareholders may speak if he
        considers this to be desirable with a view to the orderly conduct of
      the meeting.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">30.2.</font></td>
    <td align="left"><font size="2" face="sans-serif"> In order to exercise the
        rights mentioned in paragraph 1, the holders of registered shares shall
        notify the company in writing of their intention to do so no later than
        on the day and at the place mentioned in the notice convening the meeting,
        and also &#150; in so far as type II shares are concerned &#150; stating
        the serial number of the shares certificate. They may only exercise the
        said rights at the meeting for the shares registered in their name both
      on the day referred to above and on the day of the meeting.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">30.3.</font></td>
    <td align="left"><font size="2" face="sans-serif"> The company shall send
        a card of admission to the meeting to holders of registered shares who
        have notified the company of their intention in accordance with the provision
      in the foregoing paragraph.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">30.4.</font></td>
    <td align="left"><font size="2" face="sans-serif"> The provisions laid down
        in paragraphs 2 up to and including 4 are mutatis mutandis applicable
        to shares from which usufructuaries and pledgees who do not have the
      voting right attached to those shares derive their rights. </font></td>
  </tr>
</table>
<P><font size="2" face="sans-serif"><b><u>Article&nbsp;31.</u></b></font></P>
<table width="100%" border="0" cellpadding="0" cellspacing="0">
  <tr valign="top">
    <td width="4%"><font size="2" face="sans-serif">31.1.</font></td>
    <td align="left"><font size="2" face="sans-serif"> Shareholders and other
        persons entitled to attend meetings of shareholders may be represented
      by proxies with written authority to be shown for admittance to a meeting.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">31.2.</font></td>
    <td align="left"><font size="2" face="sans-serif"> All matters regarding the admittance
      to the general meeting, the exercise of voting rights and the result of
      votings, as well as any other matters regarding the affairs at the general
      meeting shall be decided upon by the chairman of that meeting, with due
      observance of the provisions of section 13, Civil Code:2.</font></td>
  </tr>
</table>
<p align="center"><font size="2" face="sans-serif">72</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<font face="sans-serif"><page>
<a name="p63"></a>
<p><a href="#contents"><font size="2">Back to Contents</font></a></p>
</font>
<p><font size="2" face="sans-serif"><b><u>Article&nbsp;32.</u></b></font></p>
<table width="100%" border="0" cellpadding="0" cellspacing="0">
  <tr valign="top">
    <td width="4%"><font size="2" face="sans-serif">32.1.</font></td>
    <td align="left"><font size="2" face="sans-serif"> Unless otherwise stated
        in these articles, resolutions shall be adopted by simple majority of
        votes of the shareholders having the right to vote in a meeting of shareholders
        where at least fifteen per cent of the issued capital is present or represented.
        Blank and invalid votes shall not be counted. The chairman shall decide
      on the method of voting and on the possibility of voting by acclamation.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">32.2.</font></td>
    <td align="left"><font size="2" face="sans-serif"> Where the voting concerns
        appointments, further polls shall, if necessary, be taken until one of
        the nominees has obtained a simple majority, such with due observance
        of the provision of paragraph 1 of this article. The further poll or
      polls may, at the chairman's discretion, be taken at a subsequent meeting.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">32.3.</font></td>
    <td align="left"><font size="2" face="sans-serif"> Except as provided in
        paragraph 2, in case of an equality of the votes cast the relevant proposal
      shall be deemed to have been rejected. </font></td>
  </tr>
</table>
<P><font size="2" face="sans-serif"><b><u>Article&nbsp;33.</u></b></font></P>
<p align="left"><font size="2" face="sans-serif">At the general meeting of shareholders each share shall confer the right to cast one vote. </font></p>
<p align="left"><font size="2" face="sans-serif"><b><u>MEETINGS OF HOLDERS OF SHARES
  OF A PARTICULAR CLASS.<br>
  Article 34.</u></b></font></p>
<table width="100%" border="0" cellpadding="0" cellspacing="0">
  <tr valign="top">
    <td width="4%"><font size="2" face="sans-serif">34.1.</font></td>
    <td align="left"><font size="2" face="sans-serif"> A meeting of holders of
        preference shares shall be held whenever required by virtue of the provisions
        of these articles of association and further whenever the managing board
        and/or the supervisory board shall decide, and also whenever one or more
        holders of preference shares so request the managing board and/or the
      supervisory board in writing, stating the items of business to be transacted.</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td align="left"><font size="2" face="sans-serif">If after receipt of a request
      as referred to in the preceding sentence neither the managing board nor
      the supervisory board has called a meeting in such a way that the meeting
      is held within four weeks of receipt, the applicant(s) shall be authorised
      to call the meeting themselves, with due observance of the relevant provisions
      of these articles of association.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">34.2.</font></td>
    <td align="left"><font size="2" face="sans-serif"> The managing directors
        and the supervisory directors shall have the right to attend meetings
        of holders of preference shares; in that capacity they shall have an
        advisory vote. Notice of a meeting of holders of preference shares shall
        be given by letters sent to all holders of preference shares. The notice
      shall state the items of business to be transacted.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">34.3.</font></td>
    <td align="left"><font size="2" face="sans-serif"> Article 27, paragraphs
        1 and 3, article 28, article 29, article 30, paragraph 1, article 31,
        article 32 and article 33 shall apply mutatis mutandis to meetings of
      holders of preference shares.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">34.4.</font></td>
    <td align="left"><font size="2" face="sans-serif"> At a meeting of holders
        of preference shares at which the entire issued capital in shares of
        those class is represented, valid resolutions may be adopted, provided
        that they are passed by unanimous vote, even if the requirements in respect
        of the place of the meeting, the manner of notice, the term of notice
        and the stating in the notice of the items of business to be transacted,
      have not been observed.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">34.5.</font></td>
    <td align="left"><font size="2" face="sans-serif"> All resolutions which
        may be adopted by the holders of preference shares at a meeting may also
      be adopted outside a meeting.</font></td>
  </tr>
</table>
<p align="center"><font size="2" face="sans-serif">73</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<font face="sans-serif"><page>
<a name="p64"></a>
<p><a href="#contents"><font size="2">Back to Contents</font></a></p>
</font>
<table width="100%" border="0" cellpadding="0" cellspacing="0">
  <tr valign="top">
    <td width="4%"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="left"><font size="2" face="sans-serif">Resolutions may be adopted outside
      a meeting only if all holders of preference shares and holders of a right
      of usufruct on preference shares entitled to vote have declared themselves
      in favour of the proposal by letter, by telegram, by telex communication
      or telecopier.</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td align="left"><font size="2" face="sans-serif">The resolution shall be recorded
      in the minute book of the meeting of holders of preference shares by a managing
      director.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">34.6.</font></td>
    <td align="left"><font size="2" face="sans-serif"> A meeting of holders of
        ordinary shares shall be held whenever required by virtue of the provisions
        of these articles of association. Articles 27 up to and including 33
      shall apply mutatis mutandis to meetings of holders of ordinary shares.</font></td>
  </tr>
</table>
<P><font size="2" face="sans-serif"><b><u>ANNUAL&nbsp;ACCOUNTS,&nbsp;REPORT&nbsp;OF&nbsp;THE&nbsp;BOARD&nbsp;OF&nbsp;MANAGEMENT&nbsp;AND
        DISTRIBUTIONS.<br>
  Article&nbsp;35.</u></b></font></P>
<table width="100%" border="0" cellpadding="0" cellspacing="0">
  <tr valign="top">
    <td width="4%"><font size="2" face="sans-serif">35.1.</font></td>
    <td align="left"><font size="2" face="sans-serif"> The financial year shall
        run from the first day of January up to and including the thirty-first
      day of December.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">35.2.</font></td>
    <td align="left"><font size="2" face="sans-serif"> Each year the managing
        board shall cause annual accounts to be drawn up, consisting of a balance
        sheet as at the thirty-first day of December, of the preceding year and
        a profit and loss account in respect of the preceding financial year
      with the explanatory notes thereto. </font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">35.3.</font></td>
    <td align="left"><font size="2" face="sans-serif"> The managing board shall
        be bound to draw up the aforesaid annual accounts in accordance with
      established principles of business management.</font></td>
  </tr>
</table>
<P><font size="2" face="sans-serif"><b><u>Article&nbsp;36.</u></b></font></P>
<table width="100%" border="0" cellpadding="0" cellspacing="0">
  <tr valign="top">
    <td width="4%"><font size="2" face="sans-serif">36.1.</font></td>
    <td align="left"><font size="2" face="sans-serif"> The supervisory board
        shall cause the annual accounts to be examined by one or more registered
        accountant(s) designated for the purposes by the general meeting of shareholders
        or other experts designated for the purpose in accordance with section
        393, Civil Code:2, and shall report to the general meeting of shareholders
      on the annual accounts, notwithstanding the provisions of the law.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">36.2.</font></td>
    <td align="left"><font size="2" face="sans-serif"> Copies of the annual accounts
        which have been made up, of the report of the supervisory board, of the
        report of the managing board and of the information to be added pursuant
        to the law shall be deposited for inspection by shareholders and other
        persons entitled to attend meetings of shareholders, at the office of
        the company as from the date of serving the notice convening the general
        meeting of shareholders at which meeting those items shall be discussed,
      until the close thereof. </font></td>
  </tr>
</table>
<P><font size="2" face="sans-serif"><b><u>PROFIT AND LOSS.<br>
  Article 37.</u></b></font></P>
<table width="100%" border="0" cellpadding="0" cellspacing="0">
  <tr valign="top">
    <td width="4%"><font size="2" face="sans-serif">37.1.</font></td>
    <td align="left"><font size="2" face="sans-serif"> Distribution of profits
        pursuant to this article shall be made following approval of the annual
      accounts which show that the distribution is permitted.</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td align="left"><font size="2" face="sans-serif">The company may only make distributions
      to shareholders and other persons entitled to distributable profits to the
      extent that its equity exceeds the total amount of its issued capital and
      the reserves which must be maintained by law.</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td align="left"><font size="2" face="sans-serif">A deficit may only be offset
      against the reserves prescribed by law in so far as permitted by law.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">37.2.</font></td>
    <td align="left"><font size="2" face="sans-serif"> Upon proposal of the managing
        board, the supervisory board shall determine what portion of the profit
        shall be retained by way of reserve, having regard to the legal provisions
      relating to obligatory reserves.</font></td>
  </tr>
</table>
<p align="center"><font size="2" face="sans-serif">74</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<font face="sans-serif"><page>
<a name="p65"></a>
<p><a href="#contents"><font size="2">Back to Contents</font></a></p>
</font>
<table width="100%" border="0" cellpadding="0" cellspacing="0">
  <tr valign="top">
    <td width="4%"><font size="2" face="sans-serif">37.3.</font></td>
    <td align="left"><font size="2" face="sans-serif"> The portion of the profit
        that remains after application of paragraph 2, shall be at the disposal
        of the general meeting of shareholders, with due observance of the provisions
      of article 38, paragraph 2.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">37.4.</font></td>
    <td align="left"><font size="2" face="sans-serif"> In case the general meeting
        of shareholders resolves upon distribution of profits made in the latest
        financial year, first, if possible, an amount equal to the percentage
        referred to below of the paid up part of their par value shall be paid
        as dividend on the preference shares. No further distributions shall
        be made on the preference shares. The percentage referred to above is
        equal to the average of the Euro Interbank Offered Rates applying to
        cash loans with a term of one year &#150; weigthed on the basis of the
        number of days for which these rates applied &#150; during the financial
        year in respect of which the distribution takes place. If the amount
        to be paid on the preference shares has been reduced or, pursuant to
        a resolution for further payment, has been increased in the financial
        year in respect of which the distribution referred to above is made,
        the distribution on these shares shall be reduced or, as the case may
        be, increased if possible by an amount equal to the percentage referred
        to above of the amount of the reduction or, as the case may be, the increase,
        calculated from the time of the reduction or, as the case may be, from
      the time at which further payments become obligatory.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">37.5.</font></td>
    <td align="left"><font size="2" face="sans-serif"> The general meeting of
        shareholders is empowered either to distribute the profits in cash or
        in kind or to withhold distribution of the said portion of the profit
      in whole or in part. </font></td>
  </tr>
</table>
<P><font size="2" face="sans-serif"><b><u>Article&nbsp;38.</u></b></font></P>
<table width="100%" border="0" cellpadding="0" cellspacing="0">
  <tr valign="top">
    <td width="4%"><font size="2" face="sans-serif">38.1.</font></td>
    <td align="left"><font size="2" face="sans-serif"> Upon the proposal of the
        supervisory board,the general meeting of shareholders shall be entitled
        to resolve to make distributions charged to the share premium reserve
        or charged to the other reserves shown in the annual accounts not prescribed
      by the law, with due observance of the provisions of paragraph 2.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">38.2.</font></td>
    <td align="left"><font size="2" face="sans-serif"> The supervisory board
        shall be entitled to resolve that distributions, the amount of which
        distributions has been resolved upon by the general meeting of shareholders,
        to shareholders under article 37, article 38, paragraph 1 and article
        39 may be made in full or partially in the form of the issue of shares
      in the share capital of the company.</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td align="left"><font size="2" face="sans-serif">The distribution to a shareholder
      according to the preceding sentence shall be made to a shareholder in cash
      or in the form of shares in the share capital of the company, or partially
      in cash and partially in the form of shares in the share capital of the
      company, such, if the supervisory board so resolves, at the option of the
      shareholders.</font></td>
  </tr>
</table>
<p align="left"><font size="2" face="sans-serif"><b><u>Article&nbsp;39.</u></b></font></p>
<p align="left"><font size="2" face="sans-serif">At its own discretion and subject to section 105, paragraph 4, Civil Code:2, the supervisory board may resolve to distribute one or more interim dividends on the shares before the annual accounts for any financial year have been approved and adopted at a general meeting of shareholders.</font></p>
<p align="left"><font size="2" face="sans-serif"><b><u>Article&nbsp;40.</u></b></font></p>
<table width="100%" border="0" cellpadding="0" cellspacing="0">
  <tr valign="top">
    <td width="4%"><font size="2" face="sans-serif">40.1.</font></td>
    <td align="left"><font size="2" face="sans-serif"> Distributions under articles
        37, 38 or 39 shall be payable as from a date to be determined by the
        supervisory board. The date of payment set in respect of shares for which
        certificates are outstanding or in respect of type I shares may differ
        from the date of payment set in respect of shares for which type II share
      certificates are outstanding. </font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">40.2.</font></td>
    <td align="left"><font size="2" face="sans-serif"> Distributions under articles
        37, 38 or 39 shall be made payable at a place or places, to be determined
        by the supervisory board; at least one place shall be designated thereto
      in The Netherlands.</font></td>
  </tr>
</table>
<p align="center"><font size="2" face="sans-serif">75</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<font face="sans-serif"><page>
<a name="p66"></a>
<p><a href="#contents"><font size="2">Back to Contents</font></a></p>
</font>
<table width="100%" border="0" cellpadding="0" cellspacing="0">
  <tr valign="top">
    <td width="4%"><font size="2" face="sans-serif">40.3.</font></td>
    <td align="left"><font size="2" face="sans-serif"> The supervisory board
        may determine the method of payment in respect of cash distributions
        on type I shares.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">40.4.</font></td>
    <td align="left"><font size="2" face="sans-serif"> Cash distributions under
        articles 37, 38 or 39 in respect of shares for which a type II share
        certificate is outstanding shall, if such distributions are made payable
        only outside the Netherlands, be paid in the currency of a country where
        the shares of the company are listed on a stock exchange not being the
        Euro, converted at the rate of exchange determined by the European Central
        Bank at the close of business on a day to be fixed for that purpose by
        the supervisory board. If and in so far as on the first day on which
        a distribution is payable, the company is unable, in consequence of any
        governmental action or other exceptional circumstances beyond its control,
        to make payment at the place designated outside the Netherlands or in
        the relevant currency, the supervisory board may in that event designate
        one or more places in the Netherlands instead. In such event the provisions
        of the first sentence of this paragraph shall no longer apply.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">40.5.</font></td>
    <td align="left"><font size="2" face="sans-serif"> The person entitled to
        a distribution under articles 37, 38 or 39 on registered shares shall
        be the person in whose name the share is registered at the date to be
        fixed for that purpose by the supervisory board in respect of each distribution
        for the different types of shares. </font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">40.6.</font></td>
    <td align="left"><font size="2" face="sans-serif"> Notice of distributions
        and of the dates and places referred to in the preceding paragraphs of
        this article shall at least be published in a national daily newspaper
        and abroad in at least one daily newspaper appearing in each of those
        countries other than the United States, where the shares, on the application
        of the company, have been admitted for official quotation, and further
        in such manner as the supervisory board may deem desirable. </font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">40.7.</font></td>
    <td align="left"><font size="2" face="sans-serif"> Distributions in cash
        under articles 37, 38 or 39 that have not been collected within five
        years after they have become due and payable shall revert to the Company.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">40.8.</font></td>
    <td align="left"><font size="2" face="sans-serif"> In the case of a distribution
        under article 38, paragraph 2, any shares in the company not claimed
        within a period to be determined by the supervisory board shall be sold
        for the account of the persons entitled to the distribution who failed
        to claim the shares. The period and manner of sale to be determined by
        the supervisory board, as mentioned in the preceding sentence, shall
        be notified according to paragraph 6. The net proceeds of such sale shall
        thereafter be held at the disposal of the above persons in proportion
        to their entitlement; distributions that have not been collected within
        five years after the initial distributions in shares have become due
        and payable shall revert to the Company.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">40.9.</font></td>
    <td align="left"><font size="2" face="sans-serif"> In the case of a distribution
        in the form of shares in the company under article 38, paragraph 2, on
        registered shares, those shares shall be added to the share register.
        A type II share certificate for a nominal amount equal to the number
        of shares added to the register shall be issued to holders of type II
        shares.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">40.10.</font></td>
    <td align="left"><font size="2" face="sans-serif"> The provisions of paragraph
        5 shall apply equally in respect of distributions &#150; including pre-emptive
        subscription rights in the event of a share issue &#150; made otherwise
        than under articles 37, 38 or 39, provided that in addition thereto in
        the &quot;Staatscourant&quot; (Dutch Official Gazette) shall be announced
        the issue of shares with a pre-emptive subscription right and the period
        of time within which such can be exercised.</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td align="left"><font size="2" face="sans-serif">Such pre-emptive subscription
        right can be executed during at least two weeks after the day of notice
        in the &quot;Staatscourant&quot; (Dutch Official Gazette).</font></td>
  </tr>
</table>
<p align="center"><font size="2" face="sans-serif">76</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<font face="sans-serif"><page>
<a name="p67"></a>
<p><a href="#contents"><font size="2">Back to Contents</font></a></p>
</font>
<p><font size="2" face="sans-serif"><b><u>ALTERATIONS TO ARTICLES OF ASSOCIATION, WINDING
  UP, LIQUIDATION.<br>
  Article&nbsp;41.</u></b></font></p>
<table width="100%" border="0" cellpadding="0" cellspacing="0">
  <tr valign="top">
    <td width="4%"><font size="2" face="sans-serif">41.1.</font></td>
    <td colspan="2"><font size="2" face="sans-serif"> A resolution to alter the
        articles of association or to wind up the company shall be valid only
      provided that:</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td width="3%"><font size="2" face="sans-serif">a.</font></td>
    <td align="left"><font size="2" face="sans-serif"> the proposal to such a
        resolution has been proposed to the general meeting of shareholders by
      the supervisory board;</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td><font size="2" face="sans-serif">b.</font></td>
    <td align="left"><font size="2" face="sans-serif"> the full proposals have
        been deposited for inspection by shareholders and other persons entitled
        to attend meetings of shareholders, at the office of the company as from
      the day on which the notice is served until the close of that meeting.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">41.2.</font></td>
    <td colspan="2"><font size="2" face="sans-serif"> A resolution to amend the
        articles of association by which the rights conferred on holders of shares
        of a specific class as such are changed shall require the approval of
      the relevant class meeting.</font></td>
  </tr>
</table>
<P><font size="2" face="sans-serif"><b><u>Article&nbsp;42.</u></b></font></P>
<table width="100%" border="0" cellpadding="0" cellspacing="0">
  <tr valign="top">
    <td width="4%"><font size="2" face="sans-serif">42.1.</font></td>
    <td align="left"><font size="2" face="sans-serif"> If the company is wound
        up, the liquidation shall be carried out by any person designated for
        that purpose by the general meeting of shareholders, under the supervision
      of the supervisory board.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">42.2.</font></td>
    <td align="left"><font size="2" face="sans-serif"> In passing a resolution
        to wind up the company, the general meeting of shareholders shall upon
        the proposal of the supervisory board fix the remuneration payable to
      the liquidators and to those responsible for supervising the liquidation. </font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">42.3.</font></td>
    <td align="left"><font size="2" face="sans-serif"> The liquidation shall
        take place with due observance of the provisions of the law. During the
        liquidation period these articles of association shall, to the extent
      possible, remain in full force and effect.</font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">42.4.</font></td>
    <td align="left"><font size="2" face="sans-serif"> After settling the liquidation,
        the liquidators shall render account in accordance with the provisions
      of the law. </font></td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif">42.5.</font></td>
    <td align="left"><font size="2" face="sans-serif"> After the liquidation
        has ended, the books and records of the company shall remain in the custody
        of the person designated for that purpose by the liquidators during a
      ten-year period.</font></td>
  </tr>
</table>
<P><font size="2" face="sans-serif"><b><u>Article 43.</u></b></font></P>
<p align="left"><font size="2" face="sans-serif">From what is left of the company's assets after all creditors have been satisfied, first, if possible, all holders of preference shares shall have returned to them the paid up part of the nominal amount of their preference shares.</font></p>
<p align="left"><font size="2" face="sans-serif">The residue shall be divided amongst the holders of ordinary shares pro rata to their respective holdings of ordinary shares.</font></p>
<p align="left"><font size="2" face="sans-serif"><b><u>Article&nbsp;44.</u></b></font></p>
<p align="left"><font size="2" face="sans-serif">Any amounts payable to shareholders or due to creditors which have not been claimed within six months after the last distribution was made payable, shall be deposited with the Public Administrator of Unclaimed Debts.</font></p>
<p align="center"><font size="2" face="sans-serif">77</font></p>
<hr noshade align="center" width="100%" size="2">


<div style="page-break-before:always"></div>
<font face="sans-serif"><a name="p68"></a>
<page>
<p>
  <b><font size=2>STMICROELECTRONICS N.V.</font></b>
</p>
<p>
  <b><font size=2>ANNUAL REPORT </font></b>
</p>
<p> <b><font size=2>DECEMBER 31, 2004 </font></b></p>
</font>
<p align="center"><font size=2 face="sans-serif">78</font></p>
<hr noshade align="center" width="100%" size="2">

<div style="page-break-before:always"></div>
<font face="sans-serif"><a name="contents"></a>
<page>

<p align="center">
  <b><font size=2>STMICROELECTRONICS N.V. </font></b>
</p>
<p align="center">
  <b><font size=2>ANNUAL REPORT </font></b>
</p>
<p align="center">
  <b><font size=2>DECEMBER 31, 2004 </font></b>
</p>
</font>
<table width="100%" border=0 align="center" cellpadding=0 cellspacing=0>
  <tr>
    <td><font size="2" face="sans-serif"><b>CONTENTS</b></font></td>
    <td width="5%" align="right"><font size="2" face="sans-serif"><b><u>Page</u></b></font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td width="5%" align="right">&nbsp;</td>
  </tr>
  <tr>
    <td height="17"><font size="2" face="sans-serif"><a href="#p70">DIRECTORS&#146; REPORT</a></font></td>
    <td width="5%" align="right"><font size="2" face="sans-serif"><a href="#p70">80</a></font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td width="5%" align="right">&nbsp;</td>
  </tr>
  <tr>
    <td><font size="2" face="sans-serif"><a href="#p71">BALANCE SHEET AS AT DECEMBER
      31, 2004</a></font></td>
    <td width="5%" align="right"><font size="2" face="sans-serif"><a href="#p2">81</a></font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td width="5%" align="right">&nbsp;</td>
  </tr>
  <tr>
    <td><font size="2" face="sans-serif"><a href="#p72">STATEMENT OF INCOME FOR
      THE YEAR ENDED DECEMBER 31, 2004</a></font></td>
    <td width="5%" align="right"><font size="2" face="sans-serif"><a href="#p72">82</a></font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td width="5%" align="right">&nbsp;</td>
  </tr>
  <tr>
    <td><font size="2" face="sans-serif"><a href="#p73">NOTES TO THE FINANCIAL
      STATEMENTS AS AT DECEMBER 31, 2004</a></font></td>
    <td width="5%" align="right"><font size="2" face="sans-serif"><a href="#p73">83
    - 95</a></font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td width="5%" align="right">&nbsp;</td>
  </tr>
  <tr>
    <td><font size="2" face="sans-serif"><a href="#p86">OTHER INFORMATION</a></font></td>
    <td width="5%" align="right"><font size="2" face="sans-serif"><a href="#p86">96</a></font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td width="5%" align="right">&nbsp;</td>
  </tr>
  <tr>
    <td><font size="2" face="sans-serif"><a href="#p87">AUDITORS&#146; REPORT</a></font></td>
    <td width="5%" align="right"><font size="2" face="sans-serif"><a href="#p87">97</a></font></td>
  </tr>
</table>
<p><font size="2" face="sans-serif"><b>APPENDIX </b></font></p>
<p><font size="2" face="sans-serif"> STMicroelectronics N.V. consolidated financial
  statements as of December 31, 2004 and the year then ended </font> </p>
<p align="left"><font face="sans-serif"> <img src="finalx2x1.jpg" width="404" height="381"> </font></p>
<p align="center"><font size=2 face="sans-serif">79</font></p>
<hr noshade align="center" width="100%" size="2">

<div style="page-break-before:always"></div>
<font face="sans-serif"><a name="p70"></a>
<page>
<p><a href="#contents"><font size="2">Back to Contents</font></a></p>
<p> <b><font size=2>STMICROELECTRONICS N.V. </font></b></p>
<p><b><font size=2>DIRECTORS&#146; REPORT</font></b></p>
<p><b><font size=2> DECEMBER 31, 2004</font></b></p>
</font>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p><font size=2 face="sans-serif">The director&#146;s report is available on request
  at the Company&#146;s office.</font><font face="sans-serif"> </font></p>
<p>&nbsp; </p>
<p><font size=2 face="sans-serif">Amsterdam, February 16,
  2005 </font> </p>
<p align="center"><font size="2" face="sans-serif"> 80</font></p>
<hr noshade align="center" width="100%" size="2">

<div style="page-break-before:always"></div>
<font face="sans-serif"><a name="p71"></a>
<page>
<p><a href="#contents"><font size="2">Back to Contents</font></a></p>
</font>
<table width="100%" border="0" cellpadding="0" cellspacing="0">
  <tr>
    <td width="3%">&nbsp;</td>
    <td><font size="2" face="sans-serif"><b>STMICROELECTRONICS N.V.</b></font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size="2" face="sans-serif"><b>BALANCE SHEET AS AT DECEMBER 31</b></font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size="2" face="sans-serif">(before proposed appropriation of income)</font></td>
  </tr>
</table>
<table width="100%" border=0 align="center" cellpadding=0 cellspacing=0>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">(USD in millions)</font><font face="sans-serif">&nbsp; </font></td>
    <td align="right"><font size="2" face="sans-serif"><b>2004</b></font></td>
    <td align="right"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right"><font size="2" face="sans-serif"><b>2003</b></font></td>
    <td align="right"><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="center"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="center"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size="2" face="sans-serif"><b><u>ASSETS</u></b></font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">FIXED ASSETS</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td width="3%">&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">Intangible fixed assets, net</font></td>
    <td width="10%" align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">346</font></td>
    <td width="2%" bgcolor="#eeeeee"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td width="10%" align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">368</font></td>
    <td width="2%" bgcolor="#eeeeee"><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">Tangible fixed assets, net</font></td>
    <td align="right"><font size=2 face="sans-serif">10</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right"><font size=2 face="sans-serif">12</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">Financial fixed assets, net</font></td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">7 776</font></td>
    <td bgcolor="#eeeeee"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">7 198</font></td>
    <td bgcolor="#eeeeee"><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><hr noshade size=1></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><hr noshade size=1></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">Total fixed assets</font></td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>8
    132</b></font></td>
    <td bgcolor="#eeeeee"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">7 578</font></td>
    <td bgcolor="#eeeeee"><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><hr noshade size=1></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><hr noshade size=1></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">NON-CURRENT ASSETS</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">Long-term intercompany loans</font></td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>295</b></font></td>
    <td bgcolor="#eeeeee"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>56</b></font></td>
    <td bgcolor="#eeeeee"><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">CURRENT ASSETS</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">Inventories</font></td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">76</font></td>
    <td bgcolor="#eeeeee"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">69</font></td>
    <td bgcolor="#eeeeee"><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">Trade receivables</font></td>
    <td align="right"><font size=2 face="sans-serif">419</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right"><font size=2 face="sans-serif">299</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">Short-term intercompany loans</font></td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">63</font></td>
    <td bgcolor="#eeeeee"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">312</font></td>
    <td bgcolor="#eeeeee"><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">Group companies receivables</font></td>
    <td align="right"><font size=2 face="sans-serif">761</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right"><font size=2 face="sans-serif">601</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">Other receivables</font></td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">207</font></td>
    <td bgcolor="#eeeeee"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">51</font></td>
    <td bgcolor="#eeeeee"><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">Securities</font></td>
    <td align="right"><font size=2 face="sans-serif">0</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right"><font size=2 face="sans-serif">0</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">Cash &amp; cash equivalents</font></td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">1 715</font></td>
    <td bgcolor="#eeeeee"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">2 890</font></td>
    <td bgcolor="#eeeeee"><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><hr noshade size=1></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><hr noshade size=1></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">Total current assets</font></td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>3
    241</b></font></td>
    <td bgcolor="#eeeeee"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>4
    222</b></font></td>
    <td bgcolor="#eeeeee"><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><hr noshade size=1></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><hr noshade size=1></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">TOTAL ASSETS</font></td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>11
    668</b></font></td>
    <td bgcolor="#eeeeee"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>11
    856</b></font></td>
    <td bgcolor="#eeeeee"><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><hr noshade size=1></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><hr noshade size=1></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size="2" face="sans-serif"><b><u>SHAREHOLDERS&#146; EQUITY AND
    LIABILITIES</u></b></font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">SHAREHOLDERS&#146; EQUITY</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">Issued and paid in capital</font></td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">1 283</font></td>
    <td bgcolor="#eeeeee"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">1 186</font></td>
    <td bgcolor="#eeeeee"><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">Additional paid in capital</font></td>
    <td align="right"><font size=2 face="sans-serif">1 529</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right"><font size=2 face="sans-serif">1 509</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">Retained earnings</font></td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">4 986</font></td>
    <td bgcolor="#eeeeee"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">4 888</font></td>
    <td bgcolor="#eeeeee"><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">Treasury stock</font></td>
    <td align="right"><font size=2 face="sans-serif">(348</font></td>
    <td><font size="2" face="sans-serif">)</font></td>
    <td align="right"><font size=2 face="sans-serif">(348</font></td>
    <td><font size="2" face="sans-serif">)</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">Other Comprehensive Income</font></td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">983</font></td>
    <td bgcolor="#eeeeee"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">584</font></td>
    <td bgcolor="#eeeeee"><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">Income for the year</font></td>
    <td align="right"><font size=2 face="sans-serif">549</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right"><font size=2 face="sans-serif">205</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><hr noshade size=1></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><hr noshade size=1></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">Total shareholders&#146; equity</font></td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>8
    982</b></font></td>
    <td bgcolor="#eeeeee"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>8
    024</b></font></td>
    <td bgcolor="#eeeeee"><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><hr noshade size=1></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><hr noshade size=1></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">LONG-TERM LIABILITIES</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">Long-term loans</font></td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">1 379</font></td>
    <td bgcolor="#eeeeee"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">2 545</font></td>
    <td bgcolor="#eeeeee">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">Deferred revenue</font></td>
    <td align="right"><font size=2 face="sans-serif">7</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right"><font size=2 face="sans-serif">2</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><hr noshade size=1></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><hr noshade size=1></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">Total long-term liabilities</font></td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif"><b>1 386</b></font></td>
    <td bgcolor="#eeeeee"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>2
    547</b></font></td>
    <td bgcolor="#eeeeee"><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><hr noshade size=1></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><hr noshade size=1></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">SHORT-TERM LIABILITIES</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">Trade payables</font></td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">19</font></td>
    <td bgcolor="#eeeeee"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">17</font></td>
    <td bgcolor="#eeeeee"><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">Accrued taxes payable</font></td>
    <td align="right"><font size=2 face="sans-serif">13</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right"><font size=2 face="sans-serif">11</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">Group companies payables</font></td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">1 110</font></td>
    <td bgcolor="#eeeeee"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">1 203</font></td>
    <td bgcolor="#eeeeee"><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">Accrued liabilities</font></td>
    <td align="right"><font size=2 face="sans-serif">158</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right"><font size=2 face="sans-serif">54</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><hr noshade size=1></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><hr noshade size=1></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">Total short-term liabilities</font></td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>1
    300</b></font></td>
    <td bgcolor="#eeeeee"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>1
    285</b></font></td>
    <td bgcolor="#eeeeee"><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><hr noshade size=1></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><hr noshade size=1></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">TOTAL SHAREHOLDERS&#146; EQUITY
      AND LIABILITIES</font></td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>11
    668</b></font></td>
    <td bgcolor="#eeeeee"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>11
    856</b></font></td>
    <td bgcolor="#eeeeee"><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><hr noshade size=1></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><hr noshade size=1></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
</table>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td width="3%">&nbsp;</td>
    <td><font size=2 face="sans-serif">The accompanying notes are an integral part
      of the financial statements.</font><font face="sans-serif">&nbsp; </font></td>
  </tr>
</table>
<p align="center"><font size="2" face="sans-serif">81</font></p>
<hr noshade align="center" width="100%" size="2">

<div style="page-break-before:always"></div>
<font face="sans-serif"><a name="p72"></a>
<page>
<p><a href="#contents"><font size="2">Back to Contents</font></a></p>
</font>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td width="3%">&nbsp;</td>
    <td><p><font size="2" face="sans-serif"><b>STMICROELECTRONICS N.V.</b></font></p></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size="2" face="sans-serif"><b>STATEMENT OF INCOME FOR THE YEAR
      ENDED DECEMBER 31</b></font></td>
  </tr>
</table>
<table width="100%" border=0 align="center" cellpadding=0 cellspacing=0>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="right"><font size="2" face="sans-serif"><b>2004</b></font></td>
    <td align="right">&nbsp;</td>
    <td align="right"><font size="2" face="sans-serif"><b>2003</b></font></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">(USD in millions)</font></td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td width="3%">&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">Income after taxes</font></td>
    <td width="10%" align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">187</font></td>
    <td width="2%" bgcolor="#eeeeee">&nbsp;</td>
    <td width="10%" align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">117</font></td>
    <td width="2%" bgcolor="#eeeeee">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">Income from subsidiaries</font></td>
    <td align="right"><font size=2 face="sans-serif">362</font></td>
    <td>&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">88</font></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td><hr noshade size=1></td>
    <td>&nbsp;</td>
    <td><hr noshade size=1></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>NET INCOME</b></font></td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>549</b></font></td>
    <td bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>205</b></font></td>
    <td bgcolor="#eeeeee">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td><hr noshade size=1></td>
    <td>&nbsp;</td>
    <td><hr noshade size=1></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
</table>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td width="3%">&nbsp;</td>
    <td><font size=2 face="sans-serif">The accompanying notes are an integral part
      of the financial statements.</font><font face="sans-serif">&nbsp; </font></td>
  </tr>
</table>
<p align="center"><font size=2 face="sans-serif">82</font></p>
<hr noshade align="center" width="100%" size="2">

<div style="page-break-before:always"></div>
<font face="sans-serif"><a name="p73"></a>
<page>
<p><a href="#contents"><font size="2">Back to Contents</font></a></p>
</font>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td width="3%">&nbsp;</td>
    <td><font size="2" face="sans-serif"><b>STMICROELECTRONICS N.V. </b></font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size="2" face="sans-serif"><b><br>
NOTES TO THE FINANCIAL STATEMENTS AS AT DECEMBER 31, 2004</b> </font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
</table>
<table width="100%" border=0 cellpadding=0 cellspacing=0>
  <tr>
    <td width="3%" valign="top"><font face="sans-serif"><b><font size=2>1.</font></b>&nbsp;&nbsp;</font></td>
    <td valign="top"><font size="2" face="sans-serif"><b>GENERAL</b></font></td>
  </tr>
  <tr>
    <td valign="top">&nbsp;</td>
    <td valign="top">&nbsp;</td>
  </tr>
  <tr>
    <td valign="top">&nbsp;</td>
    <td valign="top"><font size=2 face="sans-serif">A description of STMicroelectronics
        N.V. (&#147;the Company&#148;), its activities and group structure are
      included in the attached consolidated financial statements, prepared for
      United States
      reporting purposes, which also apply to the company-only financial statements.
      The Company holds investments in subsidiaries operating in the semiconductor
      manufacturing industry. Additionally, the Company operates through a branch
      in Switzerland, which markets a broad range of semiconductor integrated
      circuits and devices used in a wide variety of microelectronic applications.</font></td>
  </tr>
  <tr>
    <td valign="top">&nbsp;</td>
    <td valign="top">&nbsp;</td>
  </tr>
  <tr>
    <td valign="top">&nbsp;</td>
    <td valign="top"><font size="2" face="sans-serif"> In accordance with Article
        402, Title 9, Book 2 of the Dutch Civil Code the statement of income
      is presented in abbreviated form. </font> </td>
  </tr>
  <tr>
    <td valign="top">&nbsp;</td>
    <td valign="top">&nbsp;</td>
  </tr>
  <tr>
    <td valign="top"><font face="sans-serif"><b><font size=2>2.</font></b>&nbsp;</font></td>
    <td valign="top"><font size="2" face="sans-serif"><b>BASIS OF PRESENTATION</b></font></td>
  </tr>
  <tr>
    <td valign="top">&nbsp;</td>
    <td valign="top">&nbsp;</td>
  </tr>
  <tr>
    <td valign="top">&nbsp;</td>
    <td valign="top"><font size=2 face="sans-serif">Management of the Company is of
      the opinion that the functional currency of the Company is the US dollar.
      Furthermore, the reporting currency of the subsidiaries is also the US dollar.
      Accordingly, the financial statements of the Company are expressed in US
      dollars.</font></td>
  </tr>
  <tr>
    <td valign="top">&nbsp;</td>
    <td valign="top">&nbsp;</td>
  </tr>
  <tr>
    <td valign="top"><font face="sans-serif"><b><font size=2>3.</font></b>&nbsp;</font></td>
    <td valign="top"><font size="2" face="sans-serif"><b>SUMMARY OF SIGNIFICANT
      ACCOUNTING POLICIES</b></font></td>
  </tr>
  <tr>
    <td valign="top">&nbsp;</td>
    <td valign="top">&nbsp;</td>
  </tr>
  <tr>
    <td valign="top">&nbsp;</td>
    <td valign="top"><font size="2" face="sans-serif"><b>General</b></font></td>
  </tr>
  <tr>
    <td valign="top">&nbsp;</td>
    <td valign="top">&nbsp;</td>
  </tr>
  <tr>
    <td valign="top">&nbsp;</td>
    <td valign="top"><font size=2 face="sans-serif">The annual accounts are prepared
      in accordance with accounting principles generally accepted in the Netherlands.
      The accounting principles as described in the notes to the consolidated
      financial statements also apply to the Company-only financial statements,
      unless indicated otherwise.</font></td>
  </tr>
  <tr>
    <td valign="top">&nbsp;</td>
    <td valign="top">&nbsp;</td>
  </tr>
  <tr>
    <td valign="top">&nbsp;</td>
    <td valign="top"><font face="sans-serif"><b><font size=2>Consolidation</font></b><font size=2>&nbsp;
      </font></font> </td>
  </tr>
  <tr>
    <td valign="top">&nbsp;</td>
    <td valign="top">&nbsp;</td>
  </tr>
  <tr>
    <td valign="top">&nbsp;</td>
    <td valign="top"><font size="2" face="sans-serif"> The consolidated financial
        statements of the Company for the year ended December 31, 2004, which
        are attached, have been prepared in accordance with accounting principles
        generally accepted in the United States (US GAAP). In management&#146;s
        opinion, the attached consolidated financial statements do not differ
        materially from those which would have been prepared, had generally accepted
        Dutch accounting principles been applied, except for the additional disclosures
      as presented in Notes 18, 19 and 20<b>.</b>&nbsp; </font> </td>
  </tr>
</table>
<p align="center"><font size=2 face="sans-serif">83</font></p>
<hr noshade align="center" width="100%" size="2">

<div style="page-break-before:always"></div>
<font face="sans-serif"><a name="p74"></a>
<page>
<p><a href="#contents"><font size="2">Back to Contents</font></a></p>
</font>
<table width="100%" border="0" cellspacing="0">
  <tr>
    <td width="3%">&nbsp;</td>
    <td width="96%"><font size="2" face="sans-serif"><b>Inventories </b> </font></td>
  </tr>
  <tr>
    <td width="3%">&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td width="3%">&nbsp;</td>
    <td><font size=2 face="sans-serif">Inventories are stated at the lower of cost
        or net realizable value. To further improve the accuracy of its inventory
        valuation process, the Company changed its historical inventory valuation
        method in 2004 from an approximated average-cost inventory valuation
        method to the first in, first out (FIFO) method, using the intercompany
        price of goods purchased. The Company has determined that this change
        in inventory valuation method does not have a material effect on its
    financial position or results of operations. </font></td>
  </tr>
  <tr>
    <td width="3%">&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td width="3%">&nbsp;</td>
    <td><font size="2" face="sans-serif"><b>Intangible assets </b></font></td>
  </tr>
  <tr>
    <td width="3%">&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td width="3%">&nbsp;</td>
    <td><font size=2 face="sans-serif">Intangible assets include the cost of technologies
        and licences purchased from third parties and capitalized internally
        developed software which are amortized over a period ranging from three
        to seven years, as well as goodwill acquired in business combinations
        which is amortized over its estimated useful life, generally three to
        five years. Intangible assets are reflected net of any impairment losses.
        The carrying value of intangible assets is evaluated whenever changes
        in circumstances indicate the carrying amount may not be recoverable.
        In determining the recoverability, the Company estimates the fair value
        based on the expected discounted future cash flows and compares this
        to the carrying value of the identifiable intangibles. An impairment
        charge is recognized for the excess of the carrying value over the fair
        value. Significant estimates used in determining expected discounted
        future cash flows include the applicable sales volume forecasts, evolution
        of the average selling price and the market acceptance of certain new
    technologies.</font></td>
  </tr>
  <tr>
    <td width="3%">&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td width="3%">&nbsp;</td>
    <td><font size="2" face="sans-serif"><b>Foreign currencies</b></font></td>
  </tr>
  <tr>
    <td width="3%">&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td width="3%">&nbsp;</td>
    <td><font size=2 face="sans-serif">The share capital of the Company is denominated
        in Euro and the year-end balance is translated into US dollars at the
        year-end exchange rate (Euro/USD 1.3621). The translation differences
        are taken to the non-distributable cumulative translation adjustment
    account.</font></td>
  </tr>
  <tr>
    <td width="3%">&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td width="3%">&nbsp;</td>
    <td><font size="2" face="sans-serif"><b>Other non-current assets</b></font></td>
  </tr>
  <tr>
    <td width="3%">&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td width="3%">&nbsp;</td>
    <td><font size=2 face="sans-serif">Other non-current assets consist of underwriting
        and issuance costs related to zero-coupon convertible debt. These costs
        are amortized straight-line over approximately 4 years, which represents
        the first right of the holder
to redeem the convertible notes. </font></td>
  </tr>
</table>
<p align="center"><font size="2" face="sans-serif"> 84</font></p>
<hr noshade align="center" width="100%" size="2">

<div style="page-break-before:always"></div>
<font face="sans-serif"><a name="p75"></a>
<page>
<p><a href="#contents"><font size="2">Back to Contents</font></a></p>
</font>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td width="3%"><font size="2" face="sans-serif"><b>4.</b></font></td>
    <td><font size="2" face="sans-serif"><b>INTANGIBLE FIXED ASSETS</b></font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
</table>
<table width="100%" border=0 align="center" cellpadding=0 cellspacing=0>
  <tr>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="center" colspan=5><font size=2 face="sans-serif">Technologies &amp;</font></td>
    <td align="center"><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="center" colspan=5><font size=2 face="sans-serif">licences, internally
      developed</font></td>
    <td align="center"><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="center" colspan=5><font size=2 face="sans-serif">software &amp; purchased</font></td>
    <td align="center"><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="center"><font size=2 face="sans-serif">Goodwill</font></td>
    <td align="center"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="center"><font size=2 face="sans-serif">software</font></td>
    <td align="center"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="center"><font size=2 face="sans-serif">Total</font></td>
    <td align="center"><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="center"><hr size="1" noshade></td>
    <td align="center">&nbsp;</td>
    <td align="center"><hr size="1" noshade></td>
    <td align="center">&nbsp;</td>
    <td align="center"><hr size="1" noshade></td>
    <td align="center">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">(USD in millions)</font></td>
    <td align="center">&nbsp;</td>
    <td align="center">&nbsp;</td>
    <td align="center">&nbsp;</td>
    <td align="center">&nbsp;</td>
    <td align="center">&nbsp;</td>
    <td align="center">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="center">&nbsp;</td>
    <td align="center">&nbsp;</td>
    <td align="center">&nbsp;</td>
    <td align="center">&nbsp;</td>
    <td align="center">&nbsp;</td>
    <td align="center">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">HISTORICAL COST</font></td>
    <td align="center">&nbsp;</td>
    <td align="center">&nbsp;</td>
    <td align="center">&nbsp;</td>
    <td align="center">&nbsp;</td>
    <td align="center">&nbsp;</td>
    <td align="center">&nbsp;</td>
  </tr>
  <tr>
    <td width="3%">&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">Balance at January 1, 2004</font></td>
    <td width="10%" align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">158</font></td>
    <td width="2%" align="left" bgcolor="#eeeeee">&nbsp;</td>
    <td width="10%" align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">407</font></td>
    <td width="2%" align="left" bgcolor="#eeeeee">&nbsp;</td>
    <td width="10%" align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">565</font></td>
    <td width="2%" align="left" bgcolor="#eeeeee">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">Additions</font></td>
    <td align="right"><font size=2 face="sans-serif">31</font></td>
    <td align="left">&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">78</font></td>
    <td align="left">&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">109</font></td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">Write-offs</font></td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">(3</font></td>
    <td align="left" bgcolor="#eeeeee"><font size=2 face="sans-serif">)</font></td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">(1</font></td>
    <td align="left" bgcolor="#eeeeee"><font size=2 face="sans-serif">)</font></td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">(4</font></td>
    <td align="left" bgcolor="#eeeeee"><font size=2 face="sans-serif">)</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="center"><hr size="1" noshade></td>
    <td align="center">&nbsp;</td>
    <td align="center"><hr size="1" noshade></td>
    <td align="center">&nbsp;</td>
    <td align="center"><hr size="1" noshade></td>
    <td align="center">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">Balance at December 31, 2004</font></td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>186</b></font></td>
    <td align="left" bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>484</b></font></td>
    <td align="left" bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>670</b></font></td>
    <td align="left" bgcolor="#eeeeee">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="center"><hr size="1" noshade></td>
    <td align="center">&nbsp;</td>
    <td align="center"><hr size="1" noshade></td>
    <td align="center">&nbsp;</td>
    <td align="center"><hr size="1" noshade></td>
    <td align="center">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">ACCUMULATED AMORTIZATION</font></td>
    <td align="right">&nbsp;</td>
    <td align="left">&nbsp;</td>
    <td align="right">&nbsp;</td>
    <td align="left">&nbsp;</td>
    <td align="right">&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">Balance at January 1, 2004</font></td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">51</font></td>
    <td align="left" bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">146</font></td>
    <td align="left" bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">197</font></td>
    <td align="left" bgcolor="#eeeeee">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">Charge for the year</font></td>
    <td align="right"><font size=2 face="sans-serif">36</font></td>
    <td align="left">&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">94</font></td>
    <td align="left">&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">130</font></td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">Write-offs</font></td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">(2</font></td>
    <td align="left" bgcolor="#eeeeee"><font size=2 face="sans-serif">)</font></td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">(1</font></td>
    <td align="left" bgcolor="#eeeeee"><font size=2 face="sans-serif">)</font></td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">(3</font></td>
    <td align="left" bgcolor="#eeeeee"><font size=2 face="sans-serif">)</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="center"><hr size="1" noshade></td>
    <td align="center">&nbsp;</td>
    <td align="center"><hr size="1" noshade></td>
    <td align="center">&nbsp;</td>
    <td align="center"><hr size="1" noshade></td>
    <td align="center">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">Balance at December 31, 2004</font></td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>85</b></font></td>
    <td align="left" bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>239</b></font></td>
    <td align="left" bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>324</b></font></td>
    <td align="left" bgcolor="#eeeeee">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="center"><hr size="1" noshade></td>
    <td align="center">&nbsp;</td>
    <td align="center"><hr size="1" noshade></td>
    <td align="center">&nbsp;</td>
    <td align="center"><hr size="1" noshade></td>
    <td align="center">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">NET BOOK VALUE</font></td>
    <td align="right">&nbsp;</td>
    <td align="left">&nbsp;</td>
    <td align="right">&nbsp;</td>
    <td align="left">&nbsp;</td>
    <td align="right">&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">At December 31, 2004</font></td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>101</b></font></td>
    <td align="left" bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>249</b></font></td>
    <td align="left" bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>346</b></font></td>
    <td align="left" bgcolor="#eeeeee">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="center"><hr size="1" noshade></td>
    <td align="center">&nbsp;</td>
    <td align="center"><hr size="1" noshade></td>
    <td align="center">&nbsp;</td>
    <td align="center"><hr size="1" noshade></td>
    <td align="center">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">At December 31, 2003</font></td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>107</b></font></td>
    <td align="left" bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>261</b></font></td>
    <td align="left" bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>368</b></font></td>
    <td align="left" bgcolor="#eeeeee">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="center"><hr size="1" noshade></td>
    <td align="center">&nbsp;</td>
    <td align="center"><hr size="1" noshade></td>
    <td align="center">&nbsp;</td>
    <td align="center"><hr size="1" noshade></td>
    <td align="center">&nbsp;</td>
  </tr>
</table>
<p align="center"><font size="2" face="sans-serif">
  85</font></p>
<hr noshade align="center" width="100%" size="2">

<div style="page-break-before:always"></div>
<font face="sans-serif"><a name="p76"></a>
<page>
<p><a href="#contents"><font size="2">Back to Contents</font></a></p>
</font>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td width="3%"><font size="2" face="sans-serif"><b>5.</b></font></td>
    <td><font size="2" face="sans-serif"><b>TANGIBLE FIXED ASSETS</b></font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
</table>
<table width="100%" border=0 align="center" cellpadding=0 cellspacing=0>
  <tr>
    <td><font face="sans-serif">&nbsp;</font></td>
    <td><font face="sans-serif">&nbsp;</font></td>
    <td align="right"><font size=2 face="sans-serif">Furniture</font></td>
    <td align="left"><font face="sans-serif">&nbsp;</font></td>
    <td align="right"><font size=2 face="sans-serif">Computer</font></td>
    <td align="left"><font face="sans-serif">&nbsp;</font></td>
    <td align="center"><font face="sans-serif">&nbsp;</font></td>
    <td align="left"><font face="sans-serif">&nbsp;</font></td>
    <td align="center"><font face="sans-serif">&nbsp;</font></td>
    <td align="left"><font face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td><font face="sans-serif">&nbsp;</font></td>
    <td><font face="sans-serif">&nbsp;</font></td>
    <td align="right"><font size=2 face="sans-serif">and</font></td>
    <td align="left"><font face="sans-serif">&nbsp;</font></td>
    <td align="right"><font size=2 face="sans-serif">and R&amp;D</font></td>
    <td align="left"><font face="sans-serif">&nbsp;</font></td>
    <td align="center"><font face="sans-serif">&nbsp;</font></td>
    <td align="left"><font face="sans-serif">&nbsp;</font></td>
    <td align="center"><font face="sans-serif">&nbsp;</font></td>
    <td align="left"><font face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td><font face="sans-serif">&nbsp;</font></td>
    <td><font size=2 face="sans-serif">(USD in millions)</font></td>
    <td align="right"><font size=2 face="sans-serif">fixtures</font></td>
    <td align="left"><font face="sans-serif">&nbsp;</font></td>
    <td align="right"><font size=2 face="sans-serif">equipment</font></td>
    <td align="left"><font face="sans-serif">&nbsp;</font></td>
    <td align="right"><font size=2 face="sans-serif">Other</font></td>
    <td align="left"><font face="sans-serif">&nbsp;</font></td>
    <td align="right"><font size=2 face="sans-serif">Total</font></td>
    <td align="left"><font face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td><font face="sans-serif">&nbsp;</font></td>
    <td><font face="sans-serif">&nbsp;</font></td>
    <td align="right"><hr size="1" noshade></td>
    <td align="left"><font face="sans-serif">&nbsp;</font></td>
    <td align="right"><hr size="1" noshade></td>
    <td align="left"><font face="sans-serif">&nbsp;</font></td>
    <td><hr size="1" noshade></td>
    <td align="left"><font face="sans-serif">&nbsp;</font></td>
    <td><hr size="1" noshade></td>
    <td align="left"><font face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">HISTORICAL COST</font></td>
    <td align="right">&nbsp;</td>
    <td align="left">&nbsp;</td>
    <td align="right">&nbsp;</td>
    <td align="left">&nbsp;</td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr>
    <td width="3%">&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">Balance at January 1, 2004</font></td>
    <td width="10%" align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">3</font></td>
    <td width="2%" align="left" bgcolor="#eeeeee">&nbsp;</td>
    <td width="10%" align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">14</font></td>
    <td width="2%" align="left" bgcolor="#eeeeee">&nbsp;</td>
    <td width="10%" align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">1</font></td>
    <td width="2%" align="left" bgcolor="#eeeeee">&nbsp;</td>
    <td width="10%" align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">18</font></td>
    <td width="2%" align="left" bgcolor="#eeeeee">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">Additions</font></td>
    <td align="right"><font face="sans-serif">&#8212;</font></td>
    <td align="left">&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">1</font></td>
    <td align="left">&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">1</font></td>
    <td align="left">&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">2</font></td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">Disposals</font></td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">(0</font></td>
    <td align="left" bgcolor="#eeeeee"><font size=2 face="sans-serif">)</font></td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">(1</font></td>
    <td align="left" bgcolor="#eeeeee"><font size=2 face="sans-serif">)</font></td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">(&#8212;)</font></td>
    <td align="left" bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">(1</font></td>
    <td align="left" bgcolor="#eeeeee"><font size=2 face="sans-serif">)</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="right"><hr size="1" noshade></td>
    <td align="left">&nbsp;</td>
    <td align="right"><hr size="1" noshade></td>
    <td align="left">&nbsp;</td>
    <td><hr size="1" noshade></td>
    <td align="left">&nbsp;</td>
    <td><hr size="1" noshade></td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">Balance at December 31, 2004</font></td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>3</b></font></td>
    <td align="left" bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>14</b></font></td>
    <td align="left" bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>2</b></font></td>
    <td align="left" bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>19</b></font></td>
    <td align="left" bgcolor="#eeeeee">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="right"><hr size="1" noshade></td>
    <td align="left">&nbsp;</td>
    <td align="right"><hr size="1" noshade></td>
    <td align="left">&nbsp;</td>
    <td><hr size="1" noshade></td>
    <td align="left">&nbsp;</td>
    <td><hr size="1" noshade></td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">ACCUMULATED DEPRECIATION</font></td>
    <td align="right">&nbsp;</td>
    <td align="left">&nbsp;</td>
    <td align="right">&nbsp;</td>
    <td align="left">&nbsp;</td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">Balance at January 1, 2004</font></td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">1</font></td>
    <td align="left" bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">5</font></td>
    <td align="left" bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font face="sans-serif">&#8212;</font></td>
    <td align="left" bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">6</font></td>
    <td align="left" bgcolor="#eeeeee">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">Charge for the year</font></td>
    <td align="right"><font size=2 face="sans-serif">1</font></td>
    <td align="left">&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">2</font></td>
    <td align="left">&nbsp;</td>
    <td align="right"><font face="sans-serif">&#8212;</font></td>
    <td align="left">&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">3</font></td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">Disposals</font></td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">(&#8212;</font></td>
    <td align="left" bgcolor="#eeeeee"><font size=2 face="sans-serif">)</font></td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">(&#8212;</font></td>
    <td align="left" bgcolor="#eeeeee"><font size=2 face="sans-serif">)</font></td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">(&#8212;</font></td>
    <td align="left" bgcolor="#eeeeee"><font size=2 face="sans-serif">)</font></td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">(&#8212;</font></td>
    <td align="left" bgcolor="#eeeeee"><font size=2 face="sans-serif">)</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="right"><hr size="1" noshade></td>
    <td align="left">&nbsp;</td>
    <td align="right"><hr size="1" noshade></td>
    <td align="left">&nbsp;</td>
    <td><hr size="1" noshade></td>
    <td align="left">&nbsp;</td>
    <td><hr size="1" noshade></td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">Balance at December 31, 2004</font></td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>2</b></font></td>
    <td align="left" bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>7</b></font></td>
    <td align="left" bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font face="sans-serif">&#8212;</font></td>
    <td align="left" bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>9</b></font></td>
    <td align="left" bgcolor="#eeeeee">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="right"><hr size="1" noshade></td>
    <td align="left">&nbsp;</td>
    <td align="right"><hr size="1" noshade></td>
    <td align="left">&nbsp;</td>
    <td><hr size="1" noshade></td>
    <td align="left">&nbsp;</td>
    <td><hr size="1" noshade></td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">NET BOOK VALUE</font></td>
    <td align="right">&nbsp;</td>
    <td align="left">&nbsp;</td>
    <td align="right">&nbsp;</td>
    <td align="left">&nbsp;</td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">At December 31, 2004</font></td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>1</b></font></td>
    <td align="left" bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>7</b></font></td>
    <td align="left" bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>2</b></font></td>
    <td align="left" bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>10</b></font></td>
    <td align="left" bgcolor="#eeeeee">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="right"><hr size="1" noshade></td>
    <td align="left">&nbsp;</td>
    <td align="right"><hr size="1" noshade></td>
    <td align="left">&nbsp;</td>
    <td><hr size="1" noshade></td>
    <td align="left">&nbsp;</td>
    <td><hr size="1" noshade></td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">NET BOOK VALUE</font></td>
    <td align="right">&nbsp;</td>
    <td align="left">&nbsp;</td>
    <td align="right">&nbsp;</td>
    <td align="left">&nbsp;</td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">At December 31, 2003</font></td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>2</b></font></td>
    <td align="left" bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>9</b></font></td>
    <td align="left" bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>1</b></font></td>
    <td align="left" bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>12</b></font></td>
    <td align="left" bgcolor="#eeeeee">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="right"><hr size="1" noshade></td>
    <td align="left">&nbsp;</td>
    <td align="right"><hr size="1" noshade></td>
    <td align="left">&nbsp;</td>
    <td><hr size="1" noshade></td>
    <td align="left">&nbsp;</td>
    <td><hr size="1" noshade></td>
    <td align="left">&nbsp;</td>
  </tr>
</table>
<p>&nbsp;</p>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td width="3%"><font size="2" face="sans-serif"><b>6.</b></font></td>
    <td><font size="2" face="sans-serif"><b>FINANCIAL FIXED ASSETS AS AT DECEMBER
    31</b></font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
</table>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="right"><font size="2" face="sans-serif"><strong>2004</strong></font></td>
    <td align="right">&nbsp;</td>
    <td align="right"><font size="2" face="sans-serif"><strong>2003</strong></font></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="right"><hr size="1" noshade></td>
    <td align="right">&nbsp;</td>
    <td align="right"><hr size="1" noshade></td>
    <td><font face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td width="3%">&nbsp;</td>
    <td><font size=2 face="sans-serif">(USD in millions)</font></td>
    <td align="right"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#eeeeee"><font size="2" face="sans-serif">Investments in consolidated group companies</font></td>
    <td width="10%" align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif">7 743</font></td>
    <td width="2%" align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td width="10%" align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif">7 155</font></td>
    <td width="2%" bgcolor="#eeeeee"><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size="2" face="sans-serif">Investments</font></td>
    <td align="right"><font size="2" face="sans-serif">25</font></td>
    <td align="right"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right"><font size="2" face="sans-serif">26</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#eeeeee"><font size="2" face="sans-serif">Debt issuance costs, net</font></td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif">8</font></td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif">17</font></td>
    <td bgcolor="#eeeeee"><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="right"><hr size="1" noshade></td>
    <td align="right">&nbsp;</td>
    <td align="right"><hr size="1" noshade></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#eeeeee"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>7 776</b><strong>&nbsp;</strong></font></td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><strong>&nbsp;</strong></font></td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>7 198</b></font></td>
    <td bgcolor="#eeeeee"><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="right"><hr size="1" noshade></td>
    <td align="right">&nbsp;</td>
    <td align="right"><hr size="1" noshade></td>
    <td>&nbsp;</td>
  </tr>
</table>
<p><font face="sans-serif"> &nbsp;</font> </p>
<p align="center"><font size="2" face="sans-serif">
  86</font></p>
<hr noshade align="center" width="100%" size="2">

<div style="page-break-before:always"></div>
<font face="sans-serif"><a name="p77"></a>
<page>
<p><a href="#contents"><font size="2">Back to Contents</font></a></p>
<p>
<b><font size=2>Investments in consolidated group companies as at December 31</font></b></p>
</font>
<table width="100%" border=0 align="center" cellpadding=0 cellspacing=0>
  <tr>
    <td width="3%">&nbsp;</td>
    <td><font size=2 face="sans-serif">(USD in millions)</font></td>
    <td align="right"><font size="2" face="sans-serif"><b>2004</b></font></td>
    <td align="right">&nbsp;</td>
    <td align="right"><font size="2" face="sans-serif"><b>2003</b></font></td>
    <td align="center">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="center">&nbsp;</td>
    <td align="center">&nbsp;</td>
    <td align="center">&nbsp;</td>
    <td align="center">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#EEEEEE"><font size=2 face="sans-serif">Balance January 1</font></td>
    <td align="right" bgcolor="#EEEEEE"><font size=2 face="sans-serif">7 155</font></td>
    <td bgcolor="#EEEEEE"><font size=2 face="sans-serif">&nbsp; </font></td>
    <td align="right" bgcolor="#EEEEEE"><font size=2 face="sans-serif">6 243</font></td>
    <td bgcolor="#EEEEEE"><font size=2 face="sans-serif">&nbsp; </font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">Income from subsidiaries</font></td>
    <td align="right"><font size=2 face="sans-serif">362</font></td>
    <td>&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">88</font></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#EEEEEE"><font size=2 face="sans-serif">Dividends paid</font></td>
    <td align="right" bgcolor="#EEEEEE"><font size=2 face="sans-serif">(263</font></td>
    <td bgcolor="#EEEEEE"><font size=2 face="sans-serif">)</font></td>
    <td align="right" bgcolor="#EEEEEE"><font size=2 face="sans-serif">(351</font></td>
    <td bgcolor="#EEEEEE"><font size=2 face="sans-serif">)</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">Capital increase</font></td>
    <td align="right"><font size=2 face="sans-serif">51</font></td>
    <td>&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">296</font></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#EEEEEE"><font size=2 face="sans-serif">Translation effect of exchange rates</font></td>
    <td align="right" bgcolor="#EEEEEE"><font size=2 face="sans-serif">438</font></td>
    <td bgcolor="#EEEEEE">&nbsp;</td>
    <td align="right" bgcolor="#EEEEEE"><font size=2 face="sans-serif">879</font></td>
    <td bgcolor="#EEEEEE">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td><hr noshade size=1></td>
    <td>&nbsp;</td>
    <td><hr noshade size=1></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#EEEEEE"><font size=2 face="sans-serif">Balance December 31</font></td>
    <td align="right" bgcolor="#EEEEEE"><font size="2" face="sans-serif"><b>7
    743</b></font></td>
    <td bgcolor="#EEEEEE">&nbsp; </td>
    <td align="right" bgcolor="#EEEEEE"><font size="2" face="sans-serif"><b>7
    155</b></font></td>
    <td bgcolor="#EEEEEE">&nbsp; </td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td><hr noshade size=2></td>
    <td>&nbsp;</td>
    <td><hr noshade size=2></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
</table>
<table width="100%" border=0 cellspacing=0 cellpadding=0>
  <tr>
    <td valign="top" width="3%"><font face="sans-serif"><b><font size=2>7.</font></b>&nbsp;&nbsp;</font></td>
    <td valign="top"><font size="2" face="sans-serif"><b>INVENTORIES</b></font></td>
  </tr>
  <tr>
    <td valign="top">&nbsp;</td>
    <td valign="top">&nbsp;</td>
  </tr>
  <tr>
    <td valign="top">&nbsp;</td>
    <td valign="top"><font size=2 face="sans-serif">The
    balance for inventories contains only finished goods.</font></td>
  </tr>
  <tr>
    <td valign="top">&nbsp;</td>
    <td valign="top">&nbsp;</td>
  </tr>
  <tr>
    <td valign="top" width="3%"><font face="sans-serif"><b><font size=2>8.</font></b>&nbsp;&nbsp;</font></td>
    <td valign="top"><font size="2" face="sans-serif"><b>TRADE RECEIVABLES</b></font></td>
  </tr>
  <tr>
    <td valign="top">&nbsp;</td>
    <td valign="top">&nbsp;</td>
  </tr>
  <tr>
    <td valign="top">&nbsp;</td>
    <td valign="top"><font size=2 face="sans-serif">Trade
    receivables are expected to be recovered within one year.</font></td>
  </tr>
  <tr>
    <td valign="top">&nbsp;</td>
    <td valign="top">&nbsp;</td>
  </tr>
  <tr>
    <td valign="top" width="3%"><font face="sans-serif"><b><font size=2>9.</font></b>&nbsp;&nbsp;</font></td>
    <td valign="top"><font size="2" face="sans-serif"><b>SHORT-TERM INTERCOMPANY
    LOANS</b></font></td>
  </tr>
  <tr>
    <td valign="top">&nbsp;</td>
    <td valign="top">&nbsp;</td>
  </tr>
  <tr>
    <td valign="top">&nbsp;</td>
    <td valign="top"><font size=2 face="sans-serif">Short-term intercompany loans consist
    of the following:</font></td>
  </tr>
  <tr>
    <td valign="top" colspan="2">&nbsp;</td>
  </tr>
</table>
<table width="100%" border=0 align="center" cellpadding=0 cellspacing=0>
  <tr>
    <td width="3%">&nbsp;</td>
    <td width="73%"><hr size="1" noshade></td>
    <td align="center"><hr size="1" noshade></td>
    <td align="center"><hr size="1" noshade></td>
    <td align="center"><hr size="1" noshade></td>
    <td align="center">&nbsp;</td>
  </tr>
  <tr>
    <td width="3%">&nbsp;</td>
    <td>&nbsp;</td>
    <td align="center"><font size="2" face="sans-serif"><b>December 31,</b></font></td>
    <td align="center">&nbsp;</td>
    <td align="center"><font size="2" face="sans-serif"><b>December 31,</b></font></td>
    <td align="center">&nbsp;</td>
  </tr>
  <tr>
    <td width="3%">&nbsp;</td>
    <td>&nbsp;</td>
    <td align="center"><font size="2" face="sans-serif"><b>2004</b></font></td>
    <td align="center">&nbsp;</td>
    <td align="center"><font size="2" face="sans-serif"><b>2003</b></font></td>
    <td align="center">&nbsp;</td>
  </tr>
  <tr>
    <td width="3%">&nbsp;</td>
    <td><hr size="1" noshade></td>
    <td align="center"><hr size="1" noshade></td>
    <td align="center"><hr size="1" noshade></td>
    <td align="center"><hr size="1" noshade></td>
    <td align="center">&nbsp;</td>
  </tr>
  <tr>
    <td width="3%">&nbsp;</td>
    <td><font size="2" face="sans-serif"><b>STMicroelectronics SA (France)</b></font></td>
    <td align="center">&nbsp;</td>
    <td align="center">&nbsp;</td>
    <td align="center">&nbsp;</td>
    <td align="center">&nbsp;</td>
  </tr>
  <tr>
    <td width="3%">&nbsp;</td>
    <td>&nbsp;</td>
    <td align="center">&nbsp;</td>
    <td align="center">&nbsp;</td>
    <td align="center">&nbsp;</td>
    <td align="center">&nbsp;</td>
  </tr>
  <tr>
    <td width="3%">&nbsp;</td>
    <td bgcolor="#EEEEEE"><font size=2 face="sans-serif">Non-interest bearing cash advance</font></td>
    <td width="10%" align="right" bgcolor="#EEEEEE"><font face="sans-serif">&#8212;</font></td>
    <td width="2%" align="right" bgcolor="#EEEEEE">&nbsp;</td>
    <td width="10%" align="right" bgcolor="#EEEEEE"><font size=2 face="sans-serif">101</font></td>
    <td width="2%" align="right" bgcolor="#EEEEEE">&nbsp;</td>
  </tr>
  <tr>
    <td width="3%">&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td width="3%">&nbsp;</td>
    <td><font size="2" face="sans-serif"><b>STMicroelectronics Inc (USA)</b></font></td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td width="3%">&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td width="3%">&nbsp;</td>
    <td bgcolor="#EEEEEE"><font size=2 face="sans-serif">Loan due 2004 bearing interest at 3-month</font></td>
    <td bgcolor="#EEEEEE">&nbsp;</td>
    <td bgcolor="#EEEEEE">&nbsp;</td>
    <td bgcolor="#EEEEEE">&nbsp;</td>
    <td bgcolor="#EEEEEE">&nbsp;</td>
  </tr>
  <tr>
    <td width="3%">&nbsp;</td>
    <td bgcolor="#EEEEEE"><font size=2 face="sans-serif">LIBOR plus 1.50%</font></td>
    <td align="right" bgcolor="#EEEEEE"><font face="sans-serif">&#8212;</font></td>
    <td align="right" bgcolor="#EEEEEE">&nbsp;</td>
    <td align="right" bgcolor="#EEEEEE"><font size=2 face="sans-serif">150</font></td>
    <td align="right" bgcolor="#EEEEEE">&nbsp;</td>
  </tr>
  <tr>
    <td width="3%">&nbsp;</td>
    <td><font size=2 face="sans-serif">Loan due 2004 bearing interest at 3-month</font></td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td width="3%">&nbsp;</td>
    <td><font size=2 face="sans-serif">LIBOR plus 1.50%</font></td>
    <td align="right"><font face="sans-serif">&#8212;</font></td>
    <td align="right">&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">60</font></td>
    <td align="right">&nbsp;</td>
  </tr>
  <tr>
    <td width="3%">&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td width="3%">&nbsp;</td>
    <td><font size="2" face="sans-serif"><b>ST Microelectronics Inc. (Canada)</b></font></td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td width="3%">&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td width="3%">&nbsp;</td>
    <td bgcolor="#EEEEEE"><font size=2 face="sans-serif">Loan due 2005 bearing interest at 3-month</font></td>
    <td bgcolor="#EEEEEE">&nbsp;</td>
    <td bgcolor="#EEEEEE">&nbsp;</td>
    <td bgcolor="#EEEEEE">&nbsp;</td>
    <td bgcolor="#EEEEEE">&nbsp;</td>
  </tr>
  <tr>
    <td width="3%">&nbsp;</td>
    <td bgcolor="#EEEEEE"><font size=2 face="sans-serif">LIBOR plus 0.375%</font></td>
    <td align="right" bgcolor="#EEEEEE"><font size=2 face="sans-serif">62</font></td>
    <td align="right" bgcolor="#EEEEEE">&nbsp;</td>
    <td align="right" bgcolor="#EEEEEE"><font face="sans-serif">&#8212;</font></td>
    <td align="right" bgcolor="#EEEEEE">&nbsp;</td>
  </tr>
  <tr>
    <td width="3%">&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td width="3%">&nbsp;</td>
    <td><font size="2" face="sans-serif"><b>Synad Technolgy</b></font></td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
</table>
<p align="center"><font size="2" face="sans-serif">
87</font></p>
<hr noshade align="center" width="100%" size="2">

<div style="page-break-before:always"></div>
<font face="sans-serif"><a name="p78"></a>
<page>
<p><a href="#contents"><font size="2">Back to Contents</font></a></p>
</font>
<table width="100%" border=0 align="center" cellpadding=0 cellspacing=0>
  <tr>
    <td width="3%">&nbsp;</td>
    <td><hr noshade size=1></td>
    <td align="center"><hr noshade size=1></td>
    <td><hr noshade size=1></td>
    <td align="center"><hr noshade size=1></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td width="3%">&nbsp;</td>
    <td>&nbsp;</td>
    <td align="center"><font size="2" face="sans-serif"><b>December 31,</b></font></td>
    <td>&nbsp;</td>
    <td align="center"><font size="2" face="sans-serif"><b>December 31,</b></font></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td width="3%">&nbsp;</td>
    <td>&nbsp;</td>
    <td align="center"><font size="2" face="sans-serif"><b>2004</b></font></td>
    <td>&nbsp;</td>
    <td align="center"><font size="2" face="sans-serif"><b>2003</b></font></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td width="3%">&nbsp;</td>
    <td><hr noshade size=1>
    </td>
    <td><hr noshade size=1></td>
    <td><hr noshade size=1></td>
    <td><hr noshade size=1></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td width="3%">&nbsp;</td>
    <td>&nbsp;</td>
    <td align="center">&nbsp;</td>
    <td>&nbsp;</td>
    <td align="center">&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td width="3%">&nbsp;</td>
    <td><font size=2 face="sans-serif">Non-interest bearing cash advance</font></td>
    <td width="10%" align="right"><font size=2 face="sans-serif">1</font></td>
    <td width="2%">&nbsp;</td>
    <td width="10%" align="right"><font size=2 face="sans-serif">1</font></td>
    <td width="2%">&nbsp;</td>
  </tr>
  <tr>
    <td width="3%">&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td width="3%">&nbsp;</td>
    <td><font size="2" face="sans-serif"><b>Total short-term intercompany loans</b></font></td>
    <td align="right"><font size="2" face="sans-serif"><b>63</b></font></td>
    <td>&nbsp;</td>
    <td align="right"><font size="2" face="sans-serif"><b>312</b></font></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td width="3%">&nbsp;</td>
    <td><hr noshade size=2></td>
    <td><hr noshade size=2></td>
    <td><hr noshade size=2></td>
    <td><hr noshade size=2></td>
    <td>&nbsp;</td>
  </tr>
</table>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td width="3%"><font size="2" face="sans-serif"><b>10.</b></font></td>
    <td><font size="2" face="sans-serif"><b> LONG-TERM INTERCOMPANY LOANS </b></font></td>
  </tr>
</table>
<div style="margin-left:3%; text-indent:-3%"></div>
<div align="left">
  <table width="100%" border=0 align="center" cellpadding=0 cellspacing=0>
    <tr>
      <td>&nbsp;</td>
      <td><font size="2" face="sans-serif">Long-term intercompany loans consist of the following:</font></td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
    </tr>
    <tr>
      <td width="3%">&nbsp;</td>
      <td><hr noshade size=1></td>
      <td align="center"><hr noshade size=1></td>
      <td align="center"><hr noshade size=1></td>
      <td align="center"><hr noshade size=1></td>
      <td align="center">&nbsp;</td>
    </tr>
    <tr>
      <td width="3%">&nbsp;</td>
      <td>&nbsp;</td>
      <td align="center"><font size="2" face="sans-serif"><b>December 31,</b></font></td>
      <td align="center">&nbsp;</td>
      <td align="center"><font size="2" face="sans-serif"><b>December 31,</b></font></td>
      <td align="center">&nbsp;</td>
    </tr>
    <tr>
      <td width="3%">&nbsp;</td>
      <td>&nbsp;</td>
      <td align="center"><font size="2" face="sans-serif"><b>2004</b></font></td>
      <td align="center">&nbsp;</td>
      <td align="center"><font size="2" face="sans-serif"><b>2003</b></font></td>
      <td align="center">&nbsp;</td>
    </tr>
    <tr>
      <td width="3%">&nbsp;</td>
      <td><hr noshade size=1></td>
      <td align="center"><hr noshade size=1></td>
      <td align="center"><hr noshade size=1></td>
      <td align="center"><hr noshade size=1></td>
      <td align="center">&nbsp;</td>
    </tr>
    <tr>
      <td width="3%">&nbsp;</td>
      <td><font size="2" face="sans-serif"><b>ST Microelectronics Inc. (Canada)</b></font></td>
      <td width="10%" align="center">&nbsp;</td>
      <td width="2%" align="center">&nbsp;</td>
      <td width="10%" align="center">&nbsp;</td>
      <td width="2%" align="center">&nbsp;</td>
    </tr>
    <tr>
      <td width="3%">&nbsp;</td>
      <td>&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
      <td align="center">&nbsp;</td>
    </tr>
    <tr>
      <td width="3%">&nbsp;</td>
      <td bgcolor="#EEEEEE"><font size=2 face="sans-serif">Loan due 2005 bearing interest at 3-month</font></td>
      <td bgcolor="#EEEEEE">&nbsp;</td>
      <td bgcolor="#EEEEEE">&nbsp;</td>
      <td bgcolor="#EEEEEE">&nbsp;</td>
      <td bgcolor="#EEEEEE">&nbsp;</td>
    </tr>
    <tr>
      <td width="3%">&nbsp;</td>
      <td bgcolor="#EEEEEE"><font size=2 face="sans-serif">LIBOR plus 0.375%</font></td>
      <td align="right" bgcolor="#EEEEEE"><font face="sans-serif">&#8212;</font></td>
      <td align="right" bgcolor="#EEEEEE">&nbsp;</td>
      <td align="right" bgcolor="#EEEEEE"><font size=2 face="sans-serif">51</font></td>
      <td align="right" bgcolor="#EEEEEE">&nbsp;</td>
    </tr>
    <tr>
      <td width="3%">&nbsp;</td>
      <td>&nbsp;</td>
      <td>&nbsp;</td>
      <td>&nbsp;</td>
      <td>&nbsp;</td>
      <td>&nbsp;</td>
    </tr>
    <tr>
      <td width="3%">&nbsp;</td>
      <td><font size="2" face="sans-serif"><b>STMicroelectronics Ltd. (Israel)</b></font></td>
      <td>&nbsp;</td>
      <td>&nbsp;</td>
      <td>&nbsp;</td>
      <td>&nbsp;</td>
    </tr>
    <tr>
      <td width="3%">&nbsp;</td>
      <td>&nbsp;</td>
      <td>&nbsp;</td>
      <td>&nbsp;</td>
      <td>&nbsp;</td>
      <td>&nbsp;</td>
    </tr>
    <tr>
      <td width="3%">&nbsp;</td>
      <td><font size=2 face="sans-serif">Loan due 2006 bearing interest at 3-month</font></td>
      <td>&nbsp;</td>
      <td>&nbsp;</td>
      <td>&nbsp;</td>
      <td>&nbsp;</td>
    </tr>
    <tr>
      <td width="3%">&nbsp;</td>
      <td><font size=2 face="sans-serif">LIBOR plus 0.50%</font></td>
      <td align="right"><font size=2 face="sans-serif">5</font></td>
      <td align="right">&nbsp;</td>
      <td align="right"><font size=2 face="sans-serif">5</font></td>
      <td align="right">&nbsp;</td>
    </tr>
    <tr>
      <td width="3%">&nbsp;</td>
      <td>&nbsp;</td>
      <td>&nbsp;</td>
      <td>&nbsp;</td>
      <td>&nbsp;</td>
      <td>&nbsp;</td>
    </tr>
    <tr>
      <td width="3%">&nbsp;</td>
      <td><font size="2" face="sans-serif"><b>STMicroelectronics Pte Ltd (Singapore)</b></font></td>
      <td>&nbsp;</td>
      <td>&nbsp;</td>
      <td>&nbsp;</td>
      <td>&nbsp;</td>
    </tr>
    <tr>
      <td width="3%">&nbsp;</td>
      <td>&nbsp;</td>
      <td>&nbsp;</td>
      <td>&nbsp;</td>
      <td>&nbsp;</td>
      <td>&nbsp;</td>
    </tr>
    <tr>
      <td width="3%" bgcolor="#EEEEEE">&nbsp;</td>
      <td bgcolor="#EEEEEE"><font size=2 face="sans-serif">Loan due 2009 bearing fixed interest at 2.90%</font></td>
      <td align="right" bgcolor="#EEEEEE"><font size=2 face="sans-serif">290</font></td>
      <td align="right" bgcolor="#EEEEEE">&nbsp;</td>
      <td align="right" bgcolor="#EEEEEE"><font face="sans-serif">&#8212;</font></td>
      <td align="right" bgcolor="#EEEEEE">&nbsp;</td>
    </tr>
    <tr>
      <td width="3%">&nbsp;</td>
      <td><hr noshade size=1></td>
      <td><hr noshade size=1></td>
      <td><hr noshade size=1></td>
      <td><hr noshade size=1></td>
      <td><hr noshade size=1></td>
    </tr>
    <tr>
      <td width="3%">&nbsp;</td>
      <td><font size="2" face="sans-serif"><b>Total long-term intercompany loans</b></font></td>
      <td align="right"><font size="2" face="sans-serif"><b>295</b></font></td>
      <td align="right">&nbsp;</td>
      <td align="right"><font size="2" face="sans-serif"><b>56</b></font></td>
      <td align="right">&nbsp;</td>
    </tr>
    <tr>
      <td width="3%">&nbsp;</td>
      <td><hr noshade size=2></td>
      <td><hr noshade size=2></td>
      <td><hr noshade size=2></td>
      <td><hr noshade size=2></td>
      <td><hr noshade size=2></td>
    </tr>
  </table>
</div>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td width="3%"><font size="2" face="sans-serif"><b>11. </b></font></td>
    <td><font face="sans-serif"><b><font size=2>GROUP COMPANIES AS AT DECEMBER 31</font></b><font size=2>&nbsp; </font></font> </td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
</table>
<table width="100%" border=0 align="center" cellpadding=0 cellspacing=0>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="right"><font size="2" face="sans-serif"><b>2004</b></font></td>
    <td align="right">&nbsp;</td>
    <td align="right"><font size="2" face="sans-serif"><b>2003</b></font></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">(USD in millions)</font></td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#EEEEEE"><font size=2 face="sans-serif">Trade receivables</font></td>
    <td width="10%" align="right" bgcolor="#EEEEEE"><font size=2 face="sans-serif">725</font></td>
    <td width="2%" bgcolor="#EEEEEE">&nbsp;</td>
    <td width="10%" align="right" bgcolor="#EEEEEE"><font size=2 face="sans-serif">564</font></td>
    <td width="2%" bgcolor="#EEEEEE">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">Other receivables</font></td>
    <td align="right"><font size=2 face="sans-serif">36</font></td>
    <td>&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">37</font></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td><hr noshade size=1>
    </td>
    <td>&nbsp;</td>
    <td><hr noshade size=1>
    </td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#EEEEEE"><font size=2 face="sans-serif">Total group companies receivables</font></td>
    <td align="right" bgcolor="#EEEEEE"><font size="2" face="sans-serif"><b>761</b></font></td>
    <td bgcolor="#EEEEEE">&nbsp;</td>
    <td align="right" bgcolor="#EEEEEE"><font size="2" face="sans-serif"><b>601</b></font></td>
    <td bgcolor="#EEEEEE">&nbsp;</td>
  </tr>
  <tr>
    <td width="3%">&nbsp;</td>
    <td>&nbsp;</td>
    <td><hr noshade size=2>
    </td>
    <td>&nbsp;</td>
    <td><hr noshade size=2>
    </td>
    <td>&nbsp;</td>
  </tr>
</table>
<p align="center"><font size=2 face="sans-serif">88</font></p>
<hr noshade align="center" width="100%" size="2">

<div style="page-break-before:always"></div>
<font face="sans-serif"><a name="p79"></a>
<page>
<p><a href="#contents"><font size="2">Back to Contents</font></a></p>
</font>
<table width="100%" border=0 align="center" cellpadding=0 cellspacing=0>
  <tr>
    <td width="3%">&nbsp;</td>
    <td bgcolor="#EEEEEE"><font size=2 face="sans-serif">Trade payables</font></td>
    <td width="10%" align="right" bgcolor="#EEEEEE"><font size=2 face="sans-serif">420</font></td>
    <td width="2%" bgcolor="#EEEEEE">&nbsp;</td>
    <td width="10%" align="right" bgcolor="#EEEEEE"><font size=2 face="sans-serif">688</font></td>
    <td width="2%" bgcolor="#EEEEEE">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">Short-term notes payable</font></td>
    <td align="right"><font size=2 face="sans-serif">414</font></td>
    <td>&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">17</font></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#EEEEEE"><font size=2 face="sans-serif">Other payables</font></td>
    <td align="right" bgcolor="#EEEEEE"><font size=2 face="sans-serif">276</font></td>
    <td bgcolor="#EEEEEE">&nbsp;</td>
    <td align="right" bgcolor="#EEEEEE"><font size=2 face="sans-serif">498</font></td>
    <td bgcolor="#EEEEEE">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="right"><hr noshade size=1></td>
    <td>&nbsp;</td>
    <td align="right"><hr noshade size=1></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#EEEEEE"><font size=2 face="sans-serif">Total group companies payables</font></td>
    <td align="right" bgcolor="#EEEEEE"><font size="2" face="sans-serif"><b>1
    110</b></font></td>
    <td bgcolor="#EEEEEE">&nbsp;</td>
    <td align="right" bgcolor="#EEEEEE"><font size="2" face="sans-serif"><b>1
    203</b></font></td>
    <td bgcolor="#EEEEEE">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td><hr noshade size=2></td>
    <td>&nbsp;</td>
    <td><hr noshade size=2></td>
    <td>&nbsp;</td>
  </tr>
</table>
<p><font size="2" face="sans-serif">
  <b>Short-Term Notes Payables </b>
</font></p>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td width="3%">&nbsp;</td>
    <td><font face="sans-serif"> <font size=2> On January 1, 2004, STMicroelectronics NV
        entered into a promissory note with STMicroelectronics Inc. (USA) totalling
        USD 400,000,000 bearing interest at 3-month LIBOR plus 0.375%. The principal
        amount of this note shall
be payable in full in two years.</font>      <font size=2>This transaction converts USD 400,000,000 of
      overdue intercompany payables to STMicroelectronics Inc. (USA) into a note
    payable.</font></font> </td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td><font size="2" face="sans-serif"><b>12. </b></font></td>
    <td><font face="sans-serif"><b><font size=2>SHAREHOLDERS&#146; EQUITY</font></b><font size=2>&nbsp; </font></font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
</table>
<table width="100%" border=0 align="center" cellpadding=0 cellspacing=0>
  <tr>
    <td width="3%">&nbsp;</td>
    <td>&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">Issued and</font></td>
    <td align="right">&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">Additional</font></td>
    <td align="right">&nbsp;</td>
    <td align="right">&nbsp;</td>
    <td align="right">&nbsp;</td>
    <td align="right">&nbsp;</td>
    <td align="right">&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">Other</font></td>
    <td align="right">&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">Income</font></td>
    <td align="right">&nbsp;</td>
    <td align="right">&nbsp;</td>
    <td align="center"><font size="2" face="sans-serif"><b>&nbsp;</b></font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">paid in</font></td>
    <td align="right">&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">paid in</font></td>
    <td align="right">&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">Retained</font></td>
    <td align="right">&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">Treasury</font></td>
    <td align="right">&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">Comprehensive</font></td>
    <td align="right">&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">for the</font></td>
    <td align="right">&nbsp;</td>
    <td align="right">&nbsp;</td>
    <td align="center"><font size="2" face="sans-serif"><b>&nbsp;</b></font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">(USD in millions)</font></td>
    <td align="right"><font size=2 face="sans-serif">capital</font></td>
    <td align="right">&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">capital</font></td>
    <td align="right">&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">earnings</font></td>
    <td align="right">&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">stock</font></td>
    <td align="right">&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">Income</font></td>
    <td align="right">&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">year</font></td>
    <td align="right">&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">Total</font></td>
    <td align="center"><font size="2" face="sans-serif"><b>&nbsp;</b></font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="center"><hr size="1" noshade>
    <font size="2" face="sans-serif">     &nbsp;</font></td>
    <td align="center"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="center"><hr size="1" noshade>
    <font size="2" face="sans-serif">     &nbsp;</font></td>
    <td align="center"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="center"><hr size="1" noshade>
    <font size="2" face="sans-serif">     &nbsp;</font></td>
    <td align="center"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td width="8%" align="center"><hr size="1" noshade>
    <font size="2" face="sans-serif">     &nbsp;</font></td>
    <td align="center"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="center"><hr size="1" noshade>
    <font size="2" face="sans-serif">     &nbsp;</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="center"><hr size="1" noshade>
    <font size="2" face="sans-serif">     &nbsp;</font></td>
    <td align="center"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="center"><hr size="1" noshade>
    <font size="2" face="sans-serif">     &nbsp;</font></td>
    <td align="center"><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#EEEEEE"><font size=2 face="sans-serif">Balance January 1, 2004</font></td>
    <td width="8%" align="right" bgcolor="#EEEEEE"><font size=2 face="sans-serif">1 186</font></td>
    <td width="2%" align="left" bgcolor="#EEEEEE">&nbsp; </td>
    <td width="8%" align="right" bgcolor="#EEEEEE"><font size=2 face="sans-serif">1 509</font></td>
    <td width="2%" align="left" bgcolor="#EEEEEE"><font size="2" face="sans-serif">&nbsp;</font><font face="sans-serif">&nbsp; </font></td>
    <td width="8%" align="right" bgcolor="#EEEEEE"><font size=2 face="sans-serif">4 888</font></td>
    <td width="2%" align="center" bgcolor="#EEEEEE">&nbsp; </td>
    <td width="10%" align="right" bgcolor="#EEEEEE"><font size=2 face="sans-serif">(348</font></td>
    <td width="2%" align="left" bgcolor="#EEEEEE"><font size=2 face="sans-serif">)</font></td>
    <td width="10%" align="right" bgcolor="#EEEEEE"><font size=2 face="sans-serif">584</font></td>
    <td width="2%" bgcolor="#EEEEEE"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td width="8%" align="right" bgcolor="#EEEEEE"><font size=2 face="sans-serif">205</font></td>
    <td width="2%" align="left" bgcolor="#EEEEEE"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td width="8%" align="right" bgcolor="#EEEEEE"><font size=2 face="sans-serif">8 024</font></td>
    <td width="2%" align="left" bgcolor="#EEEEEE">&nbsp; </td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">Appropriation of 2003</font></td>
    <td align="right"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="left"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="left"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="center"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="left"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="left"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="left"><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">Net income</font></td>
    <td align="right"><font face="sans-serif">&#8212;</font></td>
    <td align="left"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right"><font face="sans-serif">&#8212;</font></td>
    <td align="left"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right"><font size=2 face="sans-serif">205</font></td>
    <td align="center"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right"><font face="sans-serif">&#8212;</font></td>
    <td align="left"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right"><font face="sans-serif">&#8212;</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right"><font size=2 face="sans-serif">(205</font></td>
    <td align="left"><font size=2 face="sans-serif">)</font></td>
    <td align="right"><font face="sans-serif">&#8212;</font></td>
    <td align="left"><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#EEEEEE"><font size=2 face="sans-serif">Issuance of shares</font></td>
    <td align="right" bgcolor="#EEEEEE"><font size=2 face="sans-serif">3</font></td>
    <td align="left" bgcolor="#EEEEEE"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right" bgcolor="#EEEEEE"><font size=2 face="sans-serif">20</font></td>
    <td align="left" bgcolor="#EEEEEE"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right" bgcolor="#EEEEEE"><font size="2" face="sans-serif">&#8212;</font></td>
    <td align="center" bgcolor="#EEEEEE"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right" bgcolor="#EEEEEE"><font face="sans-serif">&#8212;</font></td>
    <td align="left" bgcolor="#EEEEEE"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right" bgcolor="#EEEEEE"><font face="sans-serif">&#8212;</font></td>
    <td bgcolor="#EEEEEE"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right" bgcolor="#EEEEEE"><font face="sans-serif">&#8212;</font></td>
    <td align="left" bgcolor="#EEEEEE"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right" bgcolor="#EEEEEE"><font size=2 face="sans-serif">23</font></td>
    <td align="left" bgcolor="#EEEEEE"><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">Dividends paid</font></td>
    <td align="right"><font face="sans-serif">&#8212;</font></td>
    <td align="left"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right"><font face="sans-serif">&#8212;</font></td>
    <td align="left"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right"><font size=2 face="sans-serif">(107</font></td>
    <td align="left"><font size=2 face="sans-serif">)</font></td>
    <td align="right"><font face="sans-serif">&#8212;</font></td>
    <td align="left"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right"><font face="sans-serif">&#8212;</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right"><font face="sans-serif">&#8212;</font></td>
    <td align="left"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right"><font size=2 face="sans-serif">(107</font></td>
    <td align="left"><font size=2 face="sans-serif">)</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#EEEEEE"><font size=2 face="sans-serif">Net income</font></td>
    <td align="right" bgcolor="#EEEEEE"><font face="sans-serif">&#8212;</font></td>
    <td align="left" bgcolor="#EEEEEE"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right" bgcolor="#EEEEEE"><font face="sans-serif">&#8212;</font></td>
    <td align="left" bgcolor="#EEEEEE"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right" bgcolor="#EEEEEE"><font face="sans-serif">&#8212;</font></td>
    <td align="center" bgcolor="#EEEEEE"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right" bgcolor="#EEEEEE"><font face="sans-serif">&#8212;</font></td>
    <td align="left" bgcolor="#EEEEEE"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right" bgcolor="#EEEEEE"><font face="sans-serif">&#8212;</font></td>
    <td bgcolor="#EEEEEE"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right" bgcolor="#EEEEEE"><font size=2 face="sans-serif">549</font></td>
    <td align="left" bgcolor="#EEEEEE"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right" bgcolor="#EEEEEE"><font size=2 face="sans-serif">549</font></td>
    <td align="left" bgcolor="#EEEEEE"><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">Hedge reserve, net of tax</font></td>
    <td align="right"><font face="sans-serif">&#8212;</font></td>
    <td align="left"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right"><font face="sans-serif">&#8212;</font></td>
    <td align="left"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right"><font face="sans-serif">&#8212;</font></td>
    <td align="center"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right"><font face="sans-serif">&#8212;</font></td>
    <td align="left"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right"><font size=2 face="sans-serif">59</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right"><font face="sans-serif">&#8212;</font></td>
    <td align="left"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right"><font size=2 face="sans-serif">59</font></td>
    <td align="left"><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#EEEEEE"><font size=2 face="sans-serif">Cumulative translation adjustment</font></td>
    <td align="right" bgcolor="#EEEEEE"><font size=2 face="sans-serif">94</font></td>
    <td align="left" bgcolor="#EEEEEE"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right" bgcolor="#EEEEEE"><font size="2" face="sans-serif">&#8212;</font></td>
    <td align="left" bgcolor="#EEEEEE"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right" bgcolor="#EEEEEE"><font size="2" face="sans-serif">&#8212;</font></td>
    <td align="center" bgcolor="#EEEEEE"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right" bgcolor="#EEEEEE"><font face="sans-serif">&#8212;</font></td>
    <td align="left" bgcolor="#EEEEEE"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right" bgcolor="#EEEEEE"><font size=2 face="sans-serif">340</font></td>
    <td bgcolor="#EEEEEE"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right" bgcolor="#EEEEEE"><font size="2" face="sans-serif">&#8212;</font></td>
    <td align="left" bgcolor="#EEEEEE"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right" bgcolor="#EEEEEE"><font size=2 face="sans-serif">434</font></td>
    <td align="left" bgcolor="#EEEEEE"><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right"><hr noshade size=1></td>
    <td align="left"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right"><hr noshade size=1></td>
    <td align="left"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right"><hr noshade size=1></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right"><hr noshade size=1></td>
    <td align="left"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right"><hr noshade size=1></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right"><hr noshade size=1></td>
    <td align="left"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right"><hr noshade size=1></td>
    <td align="left"><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#EEEEEE"><font size=2 face="sans-serif">Balance December 31,
    2004</font></td>
    <td align="right" bgcolor="#EEEEEE"><font size=2 face="sans-serif">1 283</font></td>
    <td align="left" bgcolor="#EEEEEE">&nbsp; </td>
    <td align="right" bgcolor="#EEEEEE"><font size=2 face="sans-serif">1 529</font></td>
    <td align="left" bgcolor="#EEEEEE">&nbsp; </td>
    <td align="right" bgcolor="#EEEEEE"><font size=2 face="sans-serif">4 986</font></td>
    <td align="center" bgcolor="#EEEEEE">&nbsp; </td>
    <td align="right" bgcolor="#EEEEEE"><font size=2 face="sans-serif">(348</font></td>
    <td align="left" bgcolor="#EEEEEE"><font size=2 face="sans-serif">)</font></td>
    <td align="right" bgcolor="#EEEEEE"><font size=2 face="sans-serif">983</font></td>
    <td bgcolor="#EEEEEE"><font size="2" face="sans-serif"><b>&nbsp;</b></font></td>
    <td align="right" bgcolor="#EEEEEE"><font size=2 face="sans-serif">549</font></td>
    <td align="left" bgcolor="#EEEEEE"><font size="2" face="sans-serif"><b>&nbsp;</b></font></td>
    <td align="right" bgcolor="#EEEEEE"><font size=2 face="sans-serif">8 982</font></td>
    <td align="left" bgcolor="#EEEEEE">&nbsp; </td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><hr noshade size=1></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><hr noshade size=1></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><hr noshade size=1></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><hr noshade size=1></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><hr noshade size=1></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><hr noshade size=1></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><hr noshade size=1></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
</table>
<p>&nbsp;</p>
<table width="100%" border="0" cellspacing="0">
  <tr>
    <td width="3%">&nbsp;</td>
    <td><font size=2 face="sans-serif">The EURO equivalent of the issued share capital
        at December 31, 2004 amounts to EURO 941,521,356 (2003: EURO: 938,880,523).
        For the changes in issued and paid in capital, additional paid in capital
        and other comprehensive income, see the consolidated financial statements
    of the Company as attached in the Appendix. </font></td>
  </tr>
  <tr>
    <td width="3%">&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td width="3%">&nbsp;</td>
    <td><font face="sans-serif"><b><font size=2>Treasury stock </font></b> <br>
        <font size=2>As of December 31, 2004, 13,400,000 shares of
      common stock totalling USD 348,335,000 (2003 : 13,400,000 shares totalling
      USD 348,335,000) have been repurchased and reflected at cost as a reduction
      from shareholders&#146; equity. The repurchased shares have been allocated
      to be used in the Company&#146;s most recent employee stock option plan.
      For details on the Company&#146;s stock option plans, see the consolidated
      financial statements of the Company
in the
Appendix.</font></font></td>
  </tr>
</table>
<p align="center"><font size="2" face="sans-serif">
  89</font></p>
<hr noshade align="center" width="100%" size="2">

<div style="page-break-before:always"></div>
<font face="sans-serif"><a name="p80"></a>
<page>
<p><a href="#contents"><font size="2">Back to Contents</font></a></p>
</font>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr valign="top">
    <td width="3%"><font size="2" face="sans-serif"><b>13.</b></font></td>
    <td><font size="2" face="sans-serif"><b>LONG-TERM LOANS</b></font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">In September 1999, the Company issued $919
        million principal amount at maturity of zero-coupon subordinated convertible
        notes (LYONs), due 2009 bearing an interest rate of 2.4375%, for net
        proceeds of $708 million. The notes were convertible at any time by the
        holders at the rate of 26.292 shares of the Company's common stock for
        each one thousand dollar face value of the notes. On September 22, 2004,
        according to the one-time optional redemption right of holders, the Company
        was required to redeem approximately $910 million nominal value of its
        outstanding LYONs, or 99% of the total issuance, for approximately $806
        million in cash. The Company redeemed the remaining outstanding notes
        amounting to $7 million for cash at their accreted value in the last
    quarter of 2004.</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">In November 2000, the Company issued $2,146
        million principal amount at maturity of zero-coupon unsubordinated convertible
        bonds, due 2010 bearing an interest rate of 3.75%, for net proceeds of
        $1,458 million. The bonds were convertible at any time by the holders
        at the rate of 9.32 shares of the Company's common stock for each one
        thousand dollar face value of the bonds. In 2003, the Company repurchased
        on the market approximately $1,674 million aggregate principal amount
        at maturity. In 2004, the Company completed the repurchase of the remaining
    bonds, for a total cash of $375 million.</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">In August 2003, the Company issued $1,332
        million principal amount at maturity of zero coupon senior convertible
        bonds
        due 2013. The bonds were issued with a negative yield of 0.5% that resulted
        in a higher principal amount at issuance of $1,400 million and net proceeds
        of $1,386 million. The bonds are convertible at any time by the holders
        at the rate of 29.9144 shares of the Company&#146;s common stock for
        each one thousand dollar face value of the bonds. The holders may redeem
        their convertible bonds on August 5, 2006 at a price of $985.09, on August
        5, 2008 at $975.28 and on August 5, 2010 at $965.56 per one thousand
        dollar face value of the notes. At any time from August 20, 2006 the
        Company may redeem for cash at their accreted value all or a portion
        of the convertible bonds subject to the level of the Company&#146;s share
    price.</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif"><b>14.</b></font></td>
    <td><font size="2" face="sans-serif"><b>LOANS AND BANKS</b></font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">The Company has revolving lines of credit agreements
        with several financial institutions totalling USD 205,000,000 at December
        31, 2004 (2003: USD 163,000,000). At December 31, 2004 no amounts were
    drawn on these available lines of credit (2003: nil).</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif"><b>15.</b></font></td>
    <td><font size="2" face="sans-serif"><b>GUARANTEES</b></font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">Guarantees given by the Company to banks of
        its subsidiaries amounted to approximately USD 971,451,000 at December
    31, 2004 (2003: USD 816,700,000).</font></td>
  </tr>
</table>
<p align="center"><font size="2" face="sans-serif">90</font></p>
<hr noshade align="center" width="100%" size="2">

<div style="page-break-before:always"></div>
<font face="sans-serif"><a name="p81"></a>
<page>
<p><a href="#contents"><font size="2">Back to Contents</font></a></p>
</font>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td width="3%"><font size="2" face="sans-serif"><b>16.</b></font></td>
    <td><font size="2" face="sans-serif"><b>WAGES, SALARIES AND SOCIAL CHARGES</b></font></td>
  </tr>
</table>
<table width="100%" border=0 cellpadding=0 cellspacing=0>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="right">&nbsp;</td>
    <td>&nbsp;</td>
    <td align="right">&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="right"><font size="2" face="sans-serif"><b>2004</b></font></td>
    <td>&nbsp;</td>
    <td align="right"><font size="2" face="sans-serif"><b>2003</b></font></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">(USD in millions)</font></td>
    <td align="right"><hr noshade size=1></td>
    <td>&nbsp;</td>
    <td align="right"><hr noshade size=1></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="right">&nbsp;</td>
    <td>&nbsp;</td>
    <td align="right">&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td width="3%">&nbsp;</td>
    <td width="77%" bgcolor="#eeeeee"><font size=2 face="sans-serif">Wages and salaries</font></td>
    <td width="8%" align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">40</font></td>
    <td width="2%" bgcolor="#eeeeee">&nbsp;</td>
    <td width="8%" align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">34</font></td>
    <td width="2%" bgcolor="#eeeeee">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">Social charges</font></td>
    <td align="right"><font size=2 face="sans-serif">2</font></td>
    <td>&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">2</font></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">Pension service costs</font></td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">5</font></td>
    <td bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">4</font></td>
    <td bgcolor="#eeeeee">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">Other employee benefits</font></td>
    <td align="right"><font size=2 face="sans-serif">1</font></td>
    <td>&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">1</font></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="right"><hr noshade size=1></td>
    <td>&nbsp;</td>
    <td align="right"><hr noshade size=1></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>48</b></font></td>
    <td bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>41</b></font></td>
    <td bgcolor="#eeeeee">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="right"><hr noshade size=1></td>
    <td>&nbsp;</td>
    <td align="right"><hr noshade size=1></td>
    <td>&nbsp;</td>
  </tr>
</table>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td width="3%">&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">The average number of persons employed by the
    Company during the year ended December 31, 2004 was 253 (2003: 223).</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td><font size="2" face="sans-serif"><b>17.</b></font></td>
    <td><font size="2" face="sans-serif"><b>REMUNERATION TO BOARD OF DIRECTORS
    AND SUPERVISORY BOARD MEMBERS</b></font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size="2" face="sans-serif"><u>Individual remuneration paid to Directors
    in 2004</u></font></td>
  </tr>
</table>
<table width="100%" border=0 cellpadding=0 cellspacing=0>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="right">&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">USD&#146;000</font></td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">P. Pistorio as sole Director</font></td>
    <td align="right"><hr noshade size=1></td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="right">&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td width="3%">&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">Wages and salaries</font></td>
    <td width="8%" align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">770</font></td>
    <td width="2%">&nbsp;</td>
    <td width="8%">&nbsp;</td>
    <td width="2%">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">Bonus</font></td>
    <td align="right"><font size=2 face="sans-serif">423</font></td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
</table>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td width="3%">&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif"><u>Stock options granted to Directors in 2004:</u></font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">P. Pistorio as sole Director&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;400,000
    at a grant price of $22.71</font></td>
  </tr>
</table>
<p align="center"><font size="2" face="sans-serif">91</font></p>
<hr noshade align="center" width="100%" size="2">

<div style="page-break-before:always"></div>
<font face="sans-serif"><a name="p82"></a>
<page>
<p><a href="#contents"><font size="2">Back to Contents</font></a></p>
</font>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td width="3%">&nbsp;</td>
    <td><font size=2 face="sans-serif">Individual remuneration paid to Supervisory
    Board Members :</font></td>
  </tr>
</table>
<table width="100%" border=0 cellpadding=0 cellspacing=0>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="right">&nbsp;</td>
    <td>&nbsp;</td>
    <td align="right">&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="right"><font size="2" face="sans-serif"><b>2004</b></font></td>
    <td>&nbsp;</td>
    <td align="right"><font size="2" face="sans-serif"><b>2003</b></font></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">USD&#146;000</font></td>
    <td>&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">USD&#146;000</font></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="right"><hr noshade size=1></td>
    <td>&nbsp;</td>
    <td align="right"><hr noshade size=1></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td width="3%">&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">B. Steve</font></td>
    <td width="8%" align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">86</font></td>
    <td width="2%" bgcolor="#eeeeee">&nbsp;</td>
    <td width="8%" align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">92</font></td>
    <td width="2%" bgcolor="#eeeeee">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">J.P. Noblanc</font></td>
    <td align="right"><font size=2 face="sans-serif">78</font></td>
    <td>&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">92</font></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">R. Dullieux</font></td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">38</font></td>
    <td bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">41</font></td>
    <td bgcolor="#eeeeee">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">F. Gavois</font></td>
    <td align="right"><font size=2 face="sans-serif">69</font></td>
    <td>&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">66</font></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">A. Ovi</font></td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">86</font></td>
    <td bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">77</font></td>
    <td bgcolor="#eeeeee">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">R. Gallo</font></td>
    <td align="right"><font size=2 face="sans-serif">67</font></td>
    <td>&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">60</font></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">R. White</font></td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">86</font></td>
    <td bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">84</font></td>
    <td bgcolor="#eeeeee">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">T. de Waard</font></td>
    <td align="right"><font size=2 face="sans-serif">90</font></td>
    <td>&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">82</font></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">D. Dunn</font></td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">67</font></td>
    <td bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">54</font></td>
    <td bgcolor="#eeeeee">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="right"><hr noshade size=1></td>
    <td>&nbsp;</td>
    <td align="right"><hr noshade size=1></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>667</b></font></td>
    <td bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>648</b></font></td>
    <td bgcolor="#eeeeee">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="right"><hr noshade size=2></td>
    <td>&nbsp;</td>
    <td align="right"><hr noshade size=2></td>
    <td>&nbsp;</td>
  </tr>
</table>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td width="3%">&nbsp;</td>
    <td><font size=2 face="sans-serif">Stock options granted to Supervisory Board
    Members : </font></td>
  </tr>
</table>
<table width="100%" border=0 cellpadding=0 cellspacing=0>
  <tr>
    <td>&nbsp;</td>
    <td><hr noshade size=1></td>
    <td align="center"><hr noshade size=1></td>
    <td align="center"><hr noshade size=1></td>
    <td align="center"><hr noshade size=1></td>
    <td align="center"><hr noshade size=1></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td colspan="2" align="center"><font size="2" face="sans-serif"><b>2004</b></font></td>
    <td colspan="2" align="center"><font size="2" face="sans-serif"><b>2003</b></font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><hr noshade size=1></td>
    <td align="center"><hr noshade size=1></td>
    <td align="center"><hr noshade size=1></td>
    <td align="center"><hr noshade size=1></td>
    <td><hr noshade size=1></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">Number of</font></td>
    <td align="right"><font size=2 face="sans-serif">Grant price</font></td>
    <td align="right"><font size=2 face="sans-serif">Number of</font></td>
    <td align="right"><font size=2 face="sans-serif">Granted price</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">options granted</font></td>
    <td align="right"><font size=2 face="sans-serif">USD</font></td>
    <td align="right"><font size=2 face="sans-serif">options granted</font></td>
    <td align="right"><font size=2 face="sans-serif">USD</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><hr noshade size=1></td>
    <td align="center"><hr noshade size=1></td>
    <td align="right"><hr noshade size=1></td>
    <td align="right"><hr noshade size=1></td>
    <td align="right"><hr noshade size=1></td>
  </tr>
  <tr>
    <td width="3%">&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">B. Steve</font></td>
    <td width="12%" align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">12 000</font></td>
    <td width="12%" align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">22.71</font></td>
    <td width="12%" align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">12 000</font></td>
    <td width="12%" align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">19.18</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">J.P. Noblanc</font></td>
    <td align="right"><font face="sans-serif">&#8212;</font></td>
    <td align="right"><font face="sans-serif">&#8212;</font></td>
    <td align="right"><font size=2 face="sans-serif">12 000</font></td>
    <td align="right"><font size=2 face="sans-serif">19.18</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">R. Dullieux</font></td>
    <td align="right" bgcolor="#eeeeee"><font face="sans-serif">&#8212;</font></td>
    <td align="right" bgcolor="#eeeeee"><font face="sans-serif">&#8212;</font></td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">12 000</font></td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">19.18</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">F. Gavois</font></td>
    <td align="right"><font size=2 face="sans-serif">12 000</font></td>
    <td align="right"><font size=2 face="sans-serif">22.71</font></td>
    <td align="right"><font size=2 face="sans-serif">12 000</font></td>
    <td align="right"><font size=2 face="sans-serif">19.18</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">A. Ovi</font></td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">12 000</font></td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">22.71</font></td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">12 000</font></td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">19.18</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">R. Gallo</font></td>
    <td align="right"><font size=2 face="sans-serif">12 000</font></td>
    <td align="right"><font size=2 face="sans-serif">22.71</font></td>
    <td align="right"><font size=2 face="sans-serif">12 000</font></td>
    <td align="right"><font size=2 face="sans-serif">19.18</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">R. White</font></td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif"> 12 000</font></td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">22.71</font></td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">12 000</font></td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">19.18</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">T. de Waard</font></td>
    <td align="right"><font size=2 face="sans-serif"> 12 000</font></td>
    <td align="right"><font size=2 face="sans-serif">22.71</font></td>
    <td align="right"><font size=2 face="sans-serif">12 000</font></td>
    <td align="right"><font size=2 face="sans-serif">19.18</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">G. Arbola</font></td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif"> 12 000</font></td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">22.71</font></td>
    <td align="right" bgcolor="#eeeeee"><font face="sans-serif">&#8212;</font></td>
    <td align="right" bgcolor="#eeeeee"><font face="sans-serif">&#8212;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">D. Lombard</font></td>
    <td align="right"><font size=2 face="sans-serif"> 12 000</font></td>
    <td align="right"><font size=2 face="sans-serif">22.71</font></td>
    <td align="right"><font face="sans-serif">&#8212;</font></td>
    <td align="right"><font face="sans-serif">&#8212;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">D. Dunn</font></td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif"> 12 000</font></td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">22.71</font></td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">12 000</font></td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">19.18</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><hr noshade size=1>
    </td>
    <td align="center"><hr noshade size=1>
    </td>
    <td align="right"><hr noshade size=1>
    </td>
    <td align="right"><hr noshade size=1>
    </td>
    <td align="right"><hr noshade size=1>
    </td>
  </tr>
</table>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr valign="top">
    <td width="3%">&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif"><b>18.</b></font></td>
    <td><font size="2" face="sans-serif"><b>CONSOLIDATED FINANCIAL STATEMENTS
    OF STMICROELECTRONICS N.V.</b></font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">The consolidated financial statements of the
        Company for the year ended December 31, 2004 are attached as an Appendix
    to these parent Company accounts.</font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td><font size="2" face="sans-serif"><b>19.</b></font></td>
    <td><font size="2" face="sans-serif"><b>RECONCILIATION OF SHAREHOLDERS&#146; EQUITY
    AND NET INCOME ACCORDING TO DUTCH GAAP VERSUS US GAAP</b></font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">In 2004, the Company charged USD 52 million
        (2003 : 48 million) related to goodwill amortization expense to net income.
    Under US GAAP, no goodwill amortization is allowed, but an impairment test
        is required. For US purposes, the amortization expense is reversed from
    income.</font></td>
  </tr>
</table>
<p align="center"><font size=2 face="sans-serif">92</font></p>
<hr noshade align="center" width="100%" size="2">

<div style="page-break-before:always"></div>
<font face="sans-serif"><a name="p83"></a>
<page>
<p><a href="#contents"><font size="2">Back to Contents</font></a></p>
</font>
<table width="100%" border=0 align="center" cellpadding=0 cellspacing=0>
  <tr>
    <td>&nbsp;</td>
    <td><font size="2" face="sans-serif"><b>Reconciliation of shareholders&#146; equity</b></font></td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="right"><font size="2" face="sans-serif"><b>2004</b></font></td>
    <td align="right">&nbsp;</td>
    <td align="right"><font size="2" face="sans-serif"><b>2003</b></font></td>
    <td align="center">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">(USD in millions)</font></td>
    <td><hr noshade size=1></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><hr noshade size=1></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td width="3%">&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">Shareholders&#146; equity
        in accordance with Dutch GAAP</font></td>
    <td width="10%" align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">8 982</font></td>
    <td width="2%" bgcolor="#eeeeee"><font size=2 face="sans-serif">&nbsp; </font></td>
    <td width="10%" align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">8 024</font></td>
    <td width="2%" bgcolor="#eeeeee"><font size=2 face="sans-serif">&nbsp; </font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">Reversal of goodwill amortization</font></td>
    <td align="right"><font size=2 face="sans-serif">128</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right"><font size=2 face="sans-serif">76</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><hr noshade size=1>
    </td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><hr noshade size=1>
    </td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">Shareholders&#146; equity
        in accordance with US GAAP</font></td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>9
    110</b></font></td>
    <td bgcolor="#eeeeee">&nbsp; </td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>8
    100</b></font></td>
    <td bgcolor="#eeeeee">&nbsp; </td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><hr noshade size=1>
    </td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><hr noshade size=1>
    </td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size="2" face="sans-serif"><b>Reconciliation of net income</b></font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right"><font size="2" face="sans-serif"><b>2004</b></font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right"><font size="2" face="sans-serif"><b>2003</b></font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">(USD in millions)</font></td>
    <td><hr noshade size=1></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><hr noshade size=1></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">Net income in accordance with Dutch GAAP</font></td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">549</font></td>
    <td bgcolor="#eeeeee"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">205</font></td>
    <td bgcolor="#eeeeee"><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">Reversal of goodwill amortization</font></td>
    <td align="right"><font size=2 face="sans-serif">52</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right"><font size=2 face="sans-serif">48</font></td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><hr noshade size=1>
    </td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><hr noshade size=1>
    </td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">Net income in accordance with US GAAP</font></td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>601</b></font></td>
    <td bgcolor="#eeeeee"><font size="2" face="sans-serif">&nbsp;</font></td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>253</b></font></td>
    <td bgcolor="#eeeeee"><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><hr noshade size=1>
    </td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
    <td><hr noshade size=1>
    </td>
    <td><font size="2" face="sans-serif">&nbsp;</font></td>
  </tr>
</table>
<p align="center"><font size="2" face="sans-serif">
93</font></p>
<hr noshade align="center" width="100%" size="2">

<div style="page-break-before:always"></div>
<font face="sans-serif"><a name="p84"></a>
<page>
<p><a href="#contents"><font size="2">Back to Contents</font></a></p>
</font>
<table width="100%" border=0 cellpadding=0 cellspacing=0>
  <tr>
    <td width="3%" valign="top"><font face="sans-serif"><b><font size=2>20.</font></b>&nbsp;&nbsp;</font></td>
    <td valign="top"><font size="2" face="sans-serif"><b>ADDITIONAL DISCLOSURES
           FOR THE ATTACHED CONSOLIDATED FINANCIAL STATEMENTS TO COMPLY WITH DUTCH
           REQUIREMENTS AND GENERALLY ACCEPTED ACCOUNTING PRINCIPLES IN THE
  NETHERLANDS</b></font></td>
  </tr>
</table>
<table width="100%" border=0 align="center" cellpadding=0 cellspacing=0>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size="2" face="sans-serif"><b>Intangible fixed assets</b></font></td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="center">&nbsp;</td>
    <td align="center">&nbsp;</td>
    <td align="center">&nbsp;</td>
    <td align="center">&nbsp;</td>
    <td align="center">&nbsp;</td>
    <td align="center">&nbsp;</td>
  </tr>
  <tr>
    <td valign="bottom">&nbsp;</td>
    <td valign="bottom">&nbsp;</td>
    <td align="right" valign="bottom"><font size=2 face="sans-serif">Goodwill</font></td>
    <td align="right" valign="bottom">&nbsp;</td>
    <td align="right" valign="bottom"><font size=2 face="sans-serif">Technologies &amp; licenses,
       internally developed software and purchased software</font></td>
    <td align="right" valign="bottom">&nbsp;</td>
    <td align="right" valign="bottom"><font size=2 face="sans-serif">Total</font><font face="sans-serif">&nbsp; </font></td>
    <td align="center">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="center"><hr noshade size=1>
    </td>
    <td align="center">&nbsp;</td>
    <td align="center"><hr noshade size=1>
    </td>
    <td align="center">&nbsp;</td>
    <td width="10%" align="center"><hr noshade size=1></td>
    <td width="2%" align="center">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">(USD in millions)</font></td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">HISTORICAL COST</font></td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td width="3%">&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">Balance at January 1, 2004</font></td>
    <td width="10%" align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">290</font></td>
    <td width="2%" bgcolor="#eeeeee">&nbsp;</td>
    <td width="15%" align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">576</font></td>
    <td width="2%" bgcolor="#eeeeee">&nbsp;</td>
    <td width="10%" align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">866</font></td>
    <td width="2%" bgcolor="#eeeeee">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">Additions</font></td>
    <td align="right"><font face="sans-serif">&#8212;</font></td>
    <td>&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">80</font></td>
    <td>&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">80</font></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">Disposals</font></td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">(4</font></td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">)</font></td>
    <td align="right" bgcolor="#eeeeee"><font face="sans-serif">&#8212;</font></td>
    <td bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">(4</font></td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">)</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">Impairment</font></td>
    <td align="right"><font face="sans-serif">&#8212;</font></td>
    <td>&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">(4</font></td>
    <td><font size=2 face="sans-serif">)</font></td>
    <td align="right"><font size=2 face="sans-serif">(4</font></td>
    <td><font size=2 face="sans-serif">)</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">Translation effect of exchange rates</font></td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">1</font></td>
    <td bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">9</font></td>
    <td bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">10</font></td>
    <td bgcolor="#eeeeee">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td><hr noshade size=1></td>
    <td>&nbsp;</td>
    <td><hr noshade size=1></td>
    <td>&nbsp;</td>
    <td><hr noshade size=1></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">Balance at December 31, 2004</font></td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>287</b></font></td>
    <td bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>661</b></font></td>
    <td bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>948</b></font></td>
    <td bgcolor="#eeeeee">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td><hr noshade size=2></td>
    <td>&nbsp;</td>
    <td><hr noshade size=2></td>
    <td>&nbsp;</td>
    <td><hr noshade size=2></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">ACCUMULATED AMORTIZATION</font></td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">Balance at January 1, 2004</font></td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">99</font></td>
    <td bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">251</font></td>
    <td bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">350</font></td>
    <td bgcolor="#eeeeee">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">Depreciation charge</font></td>
    <td align="right"><font size=2 face="sans-serif">52</font></td>
    <td>&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">112</font></td>
    <td>&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">164</font></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">Disposals</font></td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">(2</font></td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">)</font></td>
    <td align="right" bgcolor="#eeeeee"><font face="sans-serif">&#8212;</font></td>
    <td bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">(2</font></td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">)</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">Impairment</font></td>
    <td align="right"><font face="sans-serif">&#8212;</font></td>
    <td>&nbsp;</td>
    <td align="right"><font face="sans-serif">&#8212;</font></td>
    <td>&nbsp;</td>
    <td align="right"><font face="sans-serif">&#8212;</font></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">Translation effect of exchange rates</font></td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">2</font></td>
    <td bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">7</font></td>
    <td bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">9</font></td>
    <td bgcolor="#eeeeee">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="right"><hr noshade size=1></td>
    <td>&nbsp;</td>
    <td align="right"><hr noshade size=1></td>
    <td>&nbsp;</td>
    <td align="right"><hr noshade size=1></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">Balance at December 31, 2004</font></td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>151</b></font></td>
    <td bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>370</b></font></td>
    <td bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>521</b></font></td>
    <td bgcolor="#eeeeee">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td><hr noshade size=2></td>
    <td>&nbsp;</td>
    <td><hr noshade size=2></td>
    <td>&nbsp;</td>
    <td><hr noshade size=2></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">NET BOOK VALUE</font></td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">At December 31, 2004</font></td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>136</b></font></td>
    <td bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>291</b></font></td>
    <td bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>427</b></font></td>
    <td bgcolor="#eeeeee">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="right"><hr noshade size=1></td>
    <td>&nbsp;</td>
    <td align="right"><hr noshade size=1></td>
    <td>&nbsp;</td>
    <td align="right"><hr noshade size=1></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">At December 31, 2003</font></td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>191</b></font></td>
    <td bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>325</b></font></td>
    <td bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>516</b></font></td>
    <td bgcolor="#eeeeee">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td><hr noshade size=2></td>
    <td>&nbsp;</td>
    <td><hr noshade size=2></td>
    <td>&nbsp;</td>
    <td><hr noshade size=2></td>
    <td>&nbsp;</td>
  </tr>
</table>
<p align="center"><font size="2" face="sans-serif">
94</font></p>
<hr noshade align="center" width="100%" size="2">

<div style="page-break-before:always"></div>
<font face="sans-serif"><a name="p85"></a>
<page>
<p><a href="#contents"><font size="2">Back to Contents</font></a></p>
</font>
<table width="100%" border=0 align="center" cellpadding=0 cellspacing=0>
  <tr>
    <td>&nbsp;</td>
    <td><font size="2" face="sans-serif"><b>Tangible fixed assets</b></font></td>
    <td align="right">&nbsp;</td>
    <td align="right">&nbsp;</td>
    <td align="right">&nbsp;</td>
    <td align="right">&nbsp;</td>
    <td align="right">&nbsp;</td>
    <td align="right">&nbsp;</td>
    <td align="right">&nbsp;</td>
    <td align="right">&nbsp;</td>
    <td align="right">&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="right">&nbsp;</td>
    <td align="right">&nbsp;</td>
    <td align="right">&nbsp;</td>
    <td align="right">&nbsp;</td>
    <td align="right">&nbsp;</td>
    <td align="right">&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">Fixed asset</font></td>
    <td align="right">&nbsp;</td>
    <td align="right">&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="right">&nbsp;</td>
    <td align="right">&nbsp;</td>
    <td align="right">&nbsp;</td>
    <td align="right">&nbsp;</td>
    <td align="right">&nbsp;</td>
    <td align="right">&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">under</font></td>
    <td align="right">&nbsp;</td>
    <td align="right">&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="right">&nbsp;</td>
    <td align="right">&nbsp;</td>
    <td align="right">&nbsp;</td>
    <td align="right">&nbsp;</td>
    <td align="right">&nbsp;</td>
    <td align="right">&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">construction</font></td>
    <td align="right">&nbsp;</td>
    <td align="right">&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="right">&nbsp;</td>
    <td align="right">&nbsp;</td>
    <td align="right">&nbsp;</td>
    <td align="right">&nbsp;</td>
    <td align="right">&nbsp;</td>
    <td align="right">&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">and</font></td>
    <td align="right">&nbsp;</td>
    <td align="right">&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">Land</font></td>
    <td align="right">&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">Machinery</font></td>
    <td align="right">&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">Other</font></td>
    <td align="right">&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">prepayments</font></td>
    <td align="right">&nbsp;</td>
    <td align="right">&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">and</font></td>
    <td align="right">&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">and</font></td>
    <td align="right">&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">fixed</font></td>
    <td align="right">&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">on</font></td>
    <td align="right">&nbsp;</td>
    <td align="right">&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">buildings</font></td>
    <td align="right">&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">equipment</font></td>
    <td align="right">&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">assets</font></td>
    <td align="right">&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">fixed assets</font></td>
    <td align="right">&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">Total</font></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="right"><hr noshade size=1></td>
    <td align="right">&nbsp;</td>
    <td align="right"><hr noshade size=1></td>
    <td align="right">&nbsp;</td>
    <td align="right"><hr noshade size=1></td>
    <td align="right">&nbsp;</td>
    <td align="right"><hr noshade size=1></td>
    <td align="right">&nbsp;</td>
    <td align="right"><hr noshade size=1></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">(USD in millions)</font></td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">HISTORICAL COST</font></td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td width="3%">&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">Balance at January 1, 2004</font></td>
    <td width="10%" align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">1 077</font></td>
    <td width="2%" bgcolor="#eeeeee"><font size=2 face="sans-serif">&nbsp; </font></td>
    <td width="10%" align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">13 086</font></td>
    <td width="2%" bgcolor="#eeeeee"><font size=2 face="sans-serif">&nbsp; </font></td>
    <td width="10%" align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">563</font></td>
    <td width="2%" bgcolor="#eeeeee">&nbsp;</td>
    <td width="10%" align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">271</font></td>
    <td align="right" bgcolor="#eeeeee">&nbsp;</td>
    <td width="10%" align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">14 997</font></td>
    <td width="2%" bgcolor="#eeeeee">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">Additions</font></td>
    <td align="right"><font size=2 face="sans-serif">25</font></td>
    <td>&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">2 050 </font></td>
    <td><font size=2 face="sans-serif">&nbsp; </font></td>
    <td align="right"><font size=2 face="sans-serif">105</font></td>
    <td>&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">198</font></td>
    <td align="right">&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">2 378</font></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">Disposals</font></td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">-8</font></td>
    <td bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">-328</font></td>
    <td bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">-66</font></td>
    <td bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font face="sans-serif">&#8212;</font></td>
    <td align="right" bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">-402</font></td>
    <td bgcolor="#eeeeee">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">Translation effect of exchange rates</font></td>
    <td align="right"><font size=2 face="sans-serif">61</font></td>
    <td>&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">882</font></td>
    <td>&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">35</font></td>
    <td>&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">30</font></td>
    <td align="right">&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">1 008</font></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td><hr noshade size=1></td>
    <td>&nbsp;</td>
    <td><hr noshade size=1></td>
    <td>&nbsp;</td>
    <td><hr noshade size=1></td>
    <td>&nbsp;</td>
    <td><hr noshade size=1></td>
    <td width="2%">&nbsp;</td>
    <td><hr noshade size=1></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">Balance at December 31, 2004</font></td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>1
    155</b></font></td>
    <td bgcolor="#eeeeee">&nbsp; </td>
    <td bgcolor="#eeeeee"><div align="right"><font size="2" face="sans-serif"><b>15
           690</b></font></div></td>
    <td bgcolor="#eeeeee">&nbsp; </td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>637</b></font></td>
    <td bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>499</b></font></td>
    <td align="right" bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>17
    981</b></font></td>
    <td bgcolor="#eeeeee">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td><hr noshade size=2></td>
    <td>&nbsp;</td>
    <td><hr noshade size=2></td>
    <td>&nbsp;</td>
    <td><hr noshade size=2></td>
    <td>&nbsp;</td>
    <td><hr noshade size=2></td>
    <td>&nbsp;</td>
    <td><hr noshade size=2></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">ACCUMULATED DEPRECIATION</font></td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">Balance at January 1, 2004</font></td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">220</font></td>
    <td bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><div align="right"><font size=2 face="sans-serif">7 735</font></div></td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">&nbsp; </font></td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">422</font></td>
    <td bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font face="sans-serif">&#8212;</font></td>
    <td align="right" bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">8 377</font></td>
    <td bgcolor="#eeeeee">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">Depreciation charge</font></td>
    <td align="right"><font size=2 face="sans-serif">39</font></td>
    <td>&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">1 629</font></td>
    <td><font size=2 face="sans-serif">&nbsp; </font></td>
    <td align="right"><font size=2 face="sans-serif">63</font></td>
    <td>&nbsp;</td>
    <td align="right"><font face="sans-serif">&#8212;</font></td>
    <td align="right">&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">1 731</font></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">Disposals</font></td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">-3</font></td>
    <td bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">-145</font></td>
    <td bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">-23</font></td>
    <td bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font face="sans-serif">&#8212;</font></td>
    <td align="right" bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">-171</font></td>
    <td bgcolor="#eeeeee">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">Translation effect of exchange rates</font></td>
    <td align="right"><font size=2 face="sans-serif">10</font></td>
    <td>&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">563</font></td>
    <td>&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">29</font></td>
    <td>&nbsp;</td>
    <td align="right"><font face="sans-serif">&#8212;</font></td>
    <td align="right">&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">602</font></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td><hr noshade size=1></td>
    <td>&nbsp;</td>
    <td><hr noshade size=1></td>
    <td>&nbsp;</td>
    <td><hr noshade size=1></td>
    <td>&nbsp;</td>
    <td><hr noshade size=1></td>
    <td>&nbsp;</td>
    <td><hr noshade size=1></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">Balance at December 31, 2004</font></td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>266</b></font></td>
    <td bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>9
    782</b></font></td>
    <td bgcolor="#eeeeee">&nbsp; </td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>491</b></font></td>
    <td bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font face="sans-serif">&#8212;</font></td>
    <td align="right" bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>10
    539</b></font></td>
    <td bgcolor="#eeeeee">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td><hr noshade size=2></td>
    <td>&nbsp;</td>
    <td><hr noshade size=2></td>
    <td>&nbsp;</td>
    <td><hr noshade size=2></td>
    <td>&nbsp;</td>
    <td><hr noshade size=2></td>
    <td>&nbsp;</td>
    <td><hr noshade size=2></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">NET BOOK VALUE</font></td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">At December 31, 2004</font></td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>889</b></font></td>
    <td bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>5
    908</b></font></td>
    <td bgcolor="#eeeeee">&nbsp; </td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>146</b></font></td>
    <td bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>499</b></font></td>
    <td align="right" bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>7
    442</b></font></td>
    <td bgcolor="#eeeeee">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td><hr noshade size=1></td>
    <td>&nbsp;</td>
    <td><hr noshade size=1></td>
    <td>&nbsp;</td>
    <td><hr noshade size=1></td>
    <td>&nbsp;</td>
    <td><hr noshade size=1></td>
    <td>&nbsp;</td>
    <td><hr noshade size=1></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">At December 31, 2003</font></td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>857</b></font></td>
    <td bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>5
    351</b></font></td>
    <td bgcolor="#eeeeee">&nbsp; </td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>141</b></font></td>
    <td bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>271</b></font></td>
    <td align="right" bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>6
    620</b></font></td>
    <td bgcolor="#eeeeee">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td><hr noshade size=2></td>
    <td>&nbsp;</td>
    <td><hr noshade size=2></td>
    <td>&nbsp;</td>
    <td><hr noshade size=2></td>
    <td>&nbsp;</td>
    <td><hr noshade size=2></td>
    <td>&nbsp;</td>
    <td><hr noshade size=2></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size="2" face="sans-serif"><b>Wages, salaries and social charges</b></font></td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="right">&nbsp;</td>
    <td>&nbsp;</td>
    <td align="right"><font size="2" face="sans-serif"><b>2004</b></font></td>
    <td align="right">&nbsp;</td>
    <td align="right"><font size="2" face="sans-serif"><b>2003</b></font></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">(USD in millions)</font></td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td><hr noshade size=1></td>
    <td>&nbsp;</td>
    <td><hr noshade size=1></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">Wages and salaries</font></td>
    <td bgcolor="#eeeeee">&nbsp;</td>
    <td bgcolor="#eeeeee">&nbsp;</td>
    <td bgcolor="#eeeeee">&nbsp;</td>
    <td bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee">&nbsp;</td>
    <td bgcolor="#eeeeee"><font size=2 face="sans-serif">&nbsp; </font></td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">1 751</font></td>
    <td align="right" bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font size=2 face="sans-serif">1 471</font></td>
    <td bgcolor="#eeeeee">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">Social charges and pensions</font></td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="right">&nbsp;</td>
    <td>&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">557</font></td>
    <td align="right">&nbsp;</td>
    <td align="right"><font size=2 face="sans-serif">453</font></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td><hr noshade size=1></td>
    <td>&nbsp;</td>
    <td><hr noshade size=1></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td bgcolor="#eeeeee">&nbsp;</td>
    <td bgcolor="#eeeeee">&nbsp;</td>
    <td bgcolor="#eeeeee">&nbsp;</td>
    <td bgcolor="#eeeeee">&nbsp;</td>
    <td bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee">&nbsp;</td>
    <td bgcolor="#eeeeee">&nbsp; </td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>2
    308</b></font></td>
    <td align="right" bgcolor="#eeeeee">&nbsp;</td>
    <td align="right" bgcolor="#eeeeee"><font size="2" face="sans-serif"><b>1
    924</b></font></td>
    <td bgcolor="#eeeeee">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="right">&nbsp;</td>
    <td>&nbsp;</td>
    <td align="right"><hr noshade size=2></td>
    <td align="right">&nbsp;</td>
    <td align="right"><hr noshade size=2></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="right">&nbsp;</td>
    <td>&nbsp;</td>
    <td align="right">&nbsp;</td>
    <td align="right">&nbsp;</td>
    <td align="right">&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td colspan="10"><font size=2 face="sans-serif">The average number of persons employed
        by the Company and its subsidiaries for the year ended December 31, 2004
    was 48,515 (2003: 44,545).</font></td>
    <td>&nbsp;</td>
  </tr>
</table>
<p align="center"><font size="2" face="sans-serif">
95</font></p>
<hr noshade align="center" width="100%" size="2">

<div style="page-break-before:always"></div>
<font face="sans-serif"><a name="p86"></a>
<page>
<p><a href="#contents"><font size="2">Back to Contents</font></a></p>
</font>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td width="3%">&nbsp;</td>
    <td><font size="2" face="sans-serif"><b>STMICROELECTRONICS N.V.</b></font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size="2" face="sans-serif"><b>OTHER INFORMATION</b></font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font face="sans-serif"><b><font size=2>DECEMBER 31, 2004</font></b><font size=2>&nbsp;
      </font></font> </td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td><font face="sans-serif"><b><font size=2>1.</font></b>&nbsp;&nbsp;</font></td>
    <td><font size="2" face="sans-serif"><b>AUDITORS&#146; REPORT</b></font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">The report of the auditors, PricewaterhouseCoopers
      Accountants N.V., is presented on page 18.</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td><font face="sans-serif"><b><font size=2>2.</font></b>&nbsp;&nbsp;</font></td>
    <td><font size="2" face="sans-serif"><b>APPROPRIATION OF RESULT &#150; PROVISIONS
      IN COMPANY&#146;S ARTICLES OF ASSOCIATION</b></font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size="2" face="sans-serif"> The Managing Directors, with the approval
        of the Supervisory Board, are allowed to allocate net income to a reserve
        fund. The Articles of Association provide that the net result for the
        year, after deduction of the aforementioned allocation to the reserve
        fund, is subject to the disposition by the Annual General Meeting of
        Shareholders. </font>
    </td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size="2" face="sans-serif"> In the case that a net loss for the
        year exceeds retained earnings, no dividend payments are allowed until
      the loss has been recovered from net income in future years. </font> </td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td><font face="sans-serif"><b><font size=2>3.</font></b>&nbsp;</font></td>
    <td><font size="2" face="sans-serif"><b>SUBSEQUENT EVENTS</b></font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="sans-serif">In January 2005, the Company decided to
        reduce its Access technology products for Customer Premises Equipment
        (&#147;CPE&#148;)
      modem products. This decision is intended to eliminate certain low volume,
      non-strategic product families whose returns in the current environment
      does not meet internal targets. This decision could result in potential
      impairment charges up to $60 million in the first quarter of 2005 for intangible
      assets and goodwill related to the CPE product lines and certain additional
      restructuring charges to be further estimated.</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><hr align="center" width="150" size="1" noshade></td>
  </tr>
</table>
<p align="center"><font size="2" face="sans-serif"> 96</font></p>
<hr noshade align="center" width="100%" size="2">

<div style="page-break-before:always"><font face="sans-serif"><a name="p87"></a></font></div>

<page>
<p><a href="#contents"><font size="2">Back to Contents</font></a></p>
<p><img src="finalx20x1.jpg" width="697" height="263"> </p>

<p><font size="2" face="sans-serif"><b>Auditor's report</b></font></p>
<div style="text-indent:3%">
  <p><font size="2" face="sans-serif"><i>Introduction<br>
    </i>In accordance with your instructions we have audited the financial statements
    of STMicroelectronics N.V., Amsterdam, for the year 2004. These financial statements
    are the responsibility of the company's management. Our responsibility is to
  express an opinion on these financial statements based on our audit.</font></p>
</div>
<div style="text-indent:3%">
  <p><font face="sans-serif"><i><font size="2">Scope</font></i><font size="2"><br>
    We conducted our audit in accordance with auditing standards generally accepted
    in the Netherlands. Those standards require that we plan and perform the audit
    to obtain reasonable assurance about whether the financial statements are
    free of material misstatement. An audit includes examining, on a test basis,
    evidence supporting the amounts and disclosures in the financial statements.
    An audit also includes assessing the accounting principles used and significant
    estimates made by management, as well as evaluating the overall presentation
    of the financial statements. We believe that our audit provides a reasonable
    basis for our opinion.</font></font></p>
</div>
<div style="text-indent:3%">
  <p><font face="sans-serif"><i><font size="2">Opinion<br>
    </font></i><font size="2">In our opinion, the financial statements
    give a true and fair view of the financial position of the company as at 31
    December 2004 and of the result for the year then ended in accordance with
    accounting principles generally accepted in the Netherlands and comply with
    the financial reporting requirements included in Part 9 of Book 2 of the Netherlands
    Civil Code.</font></font></p>
</div>
<p>&nbsp;</p>
<p><font size="2" face="sans-serif">16 February 2005</font></p>
<p><font size="2" face="sans-serif"><img src="finalx20x2.jpg" width="403" height="64"></font></p>
<p>&nbsp;</p>
<p><font size="1" face="sans-serif">PricewaterhouseCoopers is the trade name
    of amongst others the following companies: PricewaterhouseCoopers Accountants
    N.V. (registered
    with
  the Trade Register under number 34180285), PricewaterhouseCoopers Belastingadviseurs
    N.V. (registered with the Trade Register under number 34180284), PricewaterhouseCoopers
    Corporate Finance &amp; Recovery N.V. (registered with the Trade Register under number 34180287) and PricewaterhouseCoopers
  B.V. (registered with the Trade Register under number 34180289). The services
  rendered by these companies are governed by General Terms &amp; Conditions,
  which include provisions regarding our liability. Purchases by PricewaterhouseCoopers
  are governed by general purchase conditions (&quot;Algemene Inkoopvoorwaarden&quot;).
  Both General Terms &amp; Conditions are filed with the Amsterdam Chamber of
  Commerce and can also be viewed at www.pwc.com/nl.</font></p>
<p align="center"><font size=2 face="sans-serif">97</font></p>
<p align="right"></p>
<hr noshade align="center" width="100%" size="2">

  <div style="page-break-before:always">
  <page>
  <a name="index"></a>
    <p align="center"><FONT size=2 face="TAdvTimes,Times New Roman,Times,serif"><b>CONSOLIDATED
          FINANCIAL STATEMENTS</b></FONT> </p>
    <P align="center"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><b>Index
          to Consolidated Financial Statements</b></FONT> </P>
    <TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
      <TR>
        <TD rowspan="2">&nbsp;</TD>
        <TD width=5% align="center"><FONT size=1 face="AdvTimes,Times New Roman,Times,serif"><b>Page</b></FONT></TD>
      </TR>
      <TR>
        <TD align="right">
          <HR noshade size=1>
        </TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><b>Financial
              Statements:</b></FONT></TD>
        <TD align="right">&nbsp;</TD>
      </TR>
      <TR>
        <TD><a href="#pf2"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Report
              of Independent Accountants for Years Ended December 31, 2004, 2003
              and 2002</FONT></a></TD>
        <TD align="right"><a href="#pf5"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">F-2</FONT></a></TD>
      </TR>
      <TR>
        <TD><a href="#pf3"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Consolidated
              Statements of Income for the Years Ended December 31, 2004, 2003
              and 2002</FONT></a></TD>
        <TD align="right"><a href="#pf3"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">F-3</FONT></a></TD>
      </TR>
      <TR>
        <TD><a href="#pf4"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Consolidated
              Balance Sheets as at December 31, 2004 and 2003</FONT></a></TD>
        <TD align="right"><a href="#pf4"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">F-4</FONT></a></TD>
      </TR>
      <TR>
        <TD><a href="#pf5"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Consolidated
              Statements of Cash Flows for the Years Ended December 31, 2004,
              2003 and 2002</FONT></a></TD>
        <TD align="right"><a href="#pf5"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">F-5</FONT></a></TD>
      </TR>
      <TR>
        <TD height="20"><a href="#pf6"><font size=2 face="AdvTimes,Times New Roman,Times,serif">Consolidated
              Statements of Changes in Shareholders&#146; Equity for the Years
              Ended December 31, 2004, 2003 and 2002</FONT></a></TD>
        <TD align="right"><a href="#pf6"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">F-6</FONT></a></TD>
      </TR>
      <TR>
        <TD><a href="#pf7"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Notes
              to Consolidated Financial Statements</FONT></a></TD>
        <TD align="right"><a href="#pf7"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">F-7</FONT></a></TD>
      </TR>
    </TABLE>
    <P align="center"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">F-1</FONT> </P>
    <hr noshade align="center" width="100%" size=2>
    <div style="page-break-before:always"></div>
    <page><a name="pf2"></a>
    <p><a href="#index"><font size="2">Back to Index</font></a></p>
    <img src="pwc.gif" width="750" height="200">
    <P align="center"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><b>Report
          of Independent Registered Public Accounting Firm</b></FONT> </P>
    <P align="left"><font size="2" face="AdvTimes,Times New Roman,Times,serif">To
        the Supervisory Board and Shareholders of<br>
  STMicroelectronics N.V.:</font> </P>
    <P align="left"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">In
        our opinion, the accompanying consolidated balance sheets and the related
        consolidated statements of income, of changes in shareholders&#146; equity
        and of cash flows present fairly, in all material respects, the financial
        position of STMicroelectronics N.V. and its subsidiaries at December
        31, 2004 and December 31, 2003, and the results of their operations and
        their cash flows for each of the three years in the period ended December
        31, 2004 in conformity with accounting principles generally accepted
        in the United States of America. These financial statements are the responsibility
        of the Company&#146;s management. Our responsibility is to express an
        opinion on these financial statements based on our audits. We conducted
        our audits of these statements in accordance with the standards of the
        Public Company Accounting Oversight Board (United States). Those standards
        require that we plan and perform the audit to obtain reasonable assurance
        about whether the financial statements are free of material misstatement.
        An audit includes examining, on a test basis, evidence supporting the
        amounts and disclosures in the financial statements, assessing the accounting
        principles used and significant estimates made by management, and evaluating
        the overall financial statement presentation. We believe that our audits
        provide a reasonable basis for our opinion.</FONT></P>
    <P align="left"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">PricewaterhouseCoopers
        S.A.</FONT> </P>
    <P align="left"><img src="sig.jpg" width="275" height="63"></P>
    <TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
      <TR>
        <td width="15%"><font size=2 face="AdvTimes,Times New Roman,Times,serif">M
            Foley</font></td>
        <td><font size=2 face="AdvTimes,Times New Roman,Times,serif">H-J Hofer</font> </td>
      </tr>
      <TR>
        <td colspan="2">&nbsp;</td>
      </tr>
      <TR>
        <td colspan="2"><font size=2 face="AdvTimes,Times New Roman,Times,serif">Geneva,
            February 16, 2005</font></td>
      </tr>
    </table>
    <P>&nbsp;</P>
    <P> <FONT size=1 face="AdvTimes,Times New Roman,Times,serif">PricewaterhouseCoopers
        is represented in more than 140 countries worldwide and in Switzerland
        in Aarau, Basle, Berne, Chur, Geneva, Lausanne, Lucerne, Lugano, Neuch&acirc;tel,
        Sion, St. Gall, Thun, Winterthur, Zug and Zurich and offers Assurance,
        Tax &amp; Legal and Advisory services.</FONT> </P>
    <P align="center"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">F-2</FONT> </P>
    <hr noshade align="center" width="100%" size=2>
    <div style="page-break-before:always"></div>
    <page><a name="pf3"></a>
    <p><a href="#index"><font size="2">Back to Index</font></a></p>
    <P align="center"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><b>STMICROELECTRONICS
          N.V.</b></FONT> </P>
    <P align="center"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><b>CONSOLIDATED
          STATEMENTS OF INCOME</b></FONT> </P>
    <TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
      <TR>
        <TD rowspan="6"><font size="1">&nbsp;</font><font size="1">&nbsp;</font><font size="1">&nbsp;</font><font size="1">&nbsp;</font><font size="1">&nbsp;</font><font size="1">&nbsp;</font></TD>
        <TD colspan="5" align="center">
          <div align="center"><font size="1" face="AdvTimes,Times New Roman,Times,serif"><b>Year
                ended</b></font></div>
        </TD>
        <TD rowspan="6" align="left"><font size="1">&nbsp;</font><font size="1">&nbsp;</font><font size="1">&nbsp;</font><font size="1">&nbsp;</font><font size="1">&nbsp;</font><font size="1">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD><HR noshade size=1>
        </TD>
        <TD align="left"><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD align="left"><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
      </TR>
      <TR>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</FONT></b></TD>
        <TD rowspan="2" align="left"><font size="1">&nbsp;</font><font size="1">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</FONT></b></TD>
        <TD rowspan="2" align="left"><font size="1">&nbsp;</font><font size="1">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</FONT></b></TD>
      </TR>
      <TR>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2004</FONT></b></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2003</FONT></b></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2002</FONT></b></TD>
      </TR>
      <TR>
        <TD><HR noshade size=1>
        </TD>
        <TD align="left"><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD align="left"><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
      </TR>
      <TR>
        <TD colspan=5 align="center"><b><font size=1 face="AdvTimes,Times New Roman,Times,serif">(in
              millions of U.S. dollars, except per share amounts)</font></b></TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Net
            sales</FONT></TD>
        <TD width=10% align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">8,756</FONT></TD>
        <TD width=2% align="left" bgcolor="#eeeeee"><font size="2">&nbsp;</font></TD>
        <TD width=10% align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">7,234</FONT></TD>
        <TD width=2% align="left" bgcolor="#eeeeee"><font size="2">&nbsp;</font></TD>
        <TD width=10% align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">6,270</FONT></TD>
        <TD width=2% align="left" bgcolor="#eeeeee"><font size="2">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Other revenues</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">4</FONT></TD>
        <TD align="left"><font size="2">&nbsp;</font></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">4</FONT></TD>
        <TD align="left"><font size="2">&nbsp;</font></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">48</FONT></TD>
        <TD align="left"><font size="2">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD><font size="2">&nbsp;</font></TD>
        <TD><HR noshade size=1>
        </TD>
        <TD align="left"><font size="2">&nbsp;</font></TD>
        <TD><HR noshade size=1>
        </TD>
        <TD align="left"><font size="2">&nbsp;</font></TD>
        <TD><HR noshade size=1>
        </TD>
        <TD align="left"><font size="2">&nbsp;</font></TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Net revenues</FONT></b></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">8,760</FONT></b></TD>
        <TD align="left"><font size="2">&nbsp;</font></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">7,238</FONT></b></TD>
        <TD align="left"><font size="2">&nbsp;</font></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">6,318</FONT></b></TD>
        <TD align="left"><font size="2">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Cost of
            sales</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(5,532</FONT></TD>
        <TD align="left"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(4,672</FONT></TD>
        <TD align="left"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(4,020</FONT></TD>
        <TD align="left"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR>
        <TD><font size="2">&nbsp;</font></TD>
        <TD><HR noshade size=1>
        </TD>
        <TD align="left"><font size="2">&nbsp;</font></TD>
        <TD><HR noshade size=1>
        </TD>
        <TD align="left"><font size="2">&nbsp;</font></TD>
        <TD><HR noshade size=1>
        </TD>
        <TD align="left"><font size="2">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Gross
              profit</FONT></b></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">3,228</FONT></b></TD>
        <TD align="left" bgcolor="#eeeeee"><font size="2">&nbsp;</font></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2,566</FONT></b></TD>
        <TD align="left" bgcolor="#eeeeee"><font size="2">&nbsp;</font></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2,298</FONT></b></TD>
        <TD align="left" bgcolor="#eeeeee"><font size="2">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Selling,
            general and administrative</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(947</FONT></TD>
        <TD align="left"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(785</FONT></TD>
        <TD align="left"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(648</FONT></TD>
        <TD align="left"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Research
            and development</FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(1,532</FONT></TD>
        <TD align="left" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(1,238</FONT></TD>
        <TD align="left" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(1,022</FONT></TD>
        <TD align="left" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Other income
            and expenses, net</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">10</FONT></TD>
        <TD align="left"><font size="2">&nbsp;</font></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(4</FONT></TD>
        <TD align="left"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">7</FONT></TD>
        <TD align="left"><font size="2">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><font size="2"><font face="AdvTimes,Times New Roman,Times,serif">Impairment,
              restructuring charges and other related</font>&nbsp;<FONT face="AdvTimes,Times New Roman,Times,serif">closure
              costs</FONT></font></TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(76</FONT></TD>
        <TD align="left" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(205</FONT></TD>
        <TD align="left" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(34</FONT></TD>
        <TD align="left" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR>
        <TD><font size="2">&nbsp;</font></TD>
        <TD><HR noshade size=1>
        </TD>
        <TD align="left"><font size="2">&nbsp;</font></TD>
        <TD><HR noshade size=1>
        </TD>
        <TD align="left"><font size="2">&nbsp;</font></TD>
        <TD><HR noshade size=1>
        </TD>
        <TD align="left"><font size="2">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Operating
              income</FONT></b></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">683</FONT></b></TD>
        <TD align="left" bgcolor="#eeeeee"><font size="2">&nbsp;</font></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">334</FONT></b></TD>
        <TD align="left" bgcolor="#eeeeee"><font size="2">&nbsp;</font></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">601</FONT></b></TD>
        <TD align="left" bgcolor="#eeeeee"><font size="2">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Interest
            expense, net</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(3</FONT></TD>
        <TD align="left"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(52</FONT></TD>
        <TD align="left"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(68</FONT></TD>
        <TD align="left"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Loss
            on equity investments</FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(4</FONT></TD>
        <TD align="left" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(1</FONT></TD>
        <TD align="left" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(11</FONT></TD>
        <TD align="left" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Loss on
            extinguishment of convertible debt</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(4</FONT></TD>
        <TD align="left"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(39</FONT></TD>
        <TD align="left"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&#151;</FONT></TD>
        <TD align="left"><font size="2">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD><font size="2">&nbsp;</font></TD>
        <TD><HR noshade size=1>
        </TD>
        <TD align="left"><font size="2">&nbsp;</font></TD>
        <TD><HR noshade size=1>
        </TD>
        <TD align="left"><font size="2">&nbsp;</font></TD>
        <TD><HR noshade size=1>
        </TD>
        <TD align="left"><font size="2">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Income
              before income taxes and minority interests</FONT></b></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">672</FONT></b></TD>
        <TD align="left" bgcolor="#eeeeee"><font size="2">&nbsp;</font></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">242</FONT></b></TD>
        <TD align="left" bgcolor="#eeeeee"><font size="2">&nbsp;</font></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">522</FONT></b></TD>
        <TD align="left" bgcolor="#eeeeee"><font size="2">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Income tax
            benefit (expense)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(68</FONT></TD>
        <TD align="left"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">14</FONT></TD>
        <TD align="left"><font size="2">&nbsp;</font></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(89</FONT></TD>
        <TD align="left"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR>
        <TD><font size="2">&nbsp;</font></TD>
        <TD><HR noshade size=1>
        </TD>
        <TD align="left"><font size="2">&nbsp;</font></TD>
        <TD><HR noshade size=1>
        </TD>
        <TD align="left"><font size="2">&nbsp;</font></TD>
        <TD><HR noshade size=1>
        </TD>
        <TD align="left"><font size="2">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Income
              before minority interests</FONT></b></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">604</FONT></b></TD>
        <TD align="left" bgcolor="#eeeeee"><font size="2">&nbsp;</font></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">256</FONT></b></TD>
        <TD align="left" bgcolor="#eeeeee"><font size="2">&nbsp;</font></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">433</FONT></b></TD>
        <TD align="left" bgcolor="#eeeeee"><font size="2">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Minority
            interests</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(3</FONT></TD>
        <TD align="left"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(3</FONT></TD>
        <TD align="left"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(4</FONT></TD>
        <TD align="left"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR>
        <TD><font size="2">&nbsp;</font></TD>
        <TD><HR noshade size=1>
        </TD>
        <TD align="left"><font size="2">&nbsp;</font></TD>
        <TD><HR noshade size=1>
        </TD>
        <TD align="left"><font size="2">&nbsp;</font></TD>
        <TD><HR noshade size=1>
        </TD>
        <TD align="left">&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Net
              income</FONT></b></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">601</FONT></b></TD>
        <TD align="left" bgcolor="#eeeeee"><font size="2">&nbsp;</font></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">253</FONT></b></TD>
        <TD align="left" bgcolor="#eeeeee"><font size="2">&nbsp;</font></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">429</FONT></b></TD>
        <TD align="left" bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD><font size="2">&nbsp;</font></TD>
        <TD><HR noshade size=2>
        </TD>
        <TD align="left"><font size="2">&nbsp;</font></TD>
        <TD><HR noshade size=2>
        </TD>
        <TD align="left"><font size="2">&nbsp;</font></TD>
        <TD><HR noshade size=2>
        </TD>
        <TD align="left">&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Earnings
              per share (Basic)</FONT></b></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">0.67</FONT></b></TD>
        <TD align="left" bgcolor="#eeeeee"><font size="2">&nbsp;</font></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">0.29</FONT></b></TD>
        <TD align="left" bgcolor="#eeeeee"><font size="2">&nbsp;</font></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">0.48</FONT></b></TD>
        <TD align="left" bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Earnings
              per share (Diluted)</FONT></b></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">0.65</FONT></b></TD>
        <TD align="left"><font size="2">&nbsp;</font></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">0.27</FONT></b></TD>
        <TD align="left"><font size="2">&nbsp;</font></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">0.48</FONT></b></TD>
        <TD align="left"><font size="2">&nbsp;</font></TD>
      </TR>
    </TABLE>
    <P align="center"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">The
        accompanying notes are an integral part of these Audited Consolidated
        Financial Statements.</FONT> </P>
    <P align="center"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">F-3</FONT> </P>
    <hr noshade align="center" width="100%" size=2>
    <div style="page-break-before:always"></div>
    <page><a name="pf4"></a>
    <p><a href="#index"><font size="2">Back to Index</font></a></p>
    <P align="center"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><b>STMICROELECTRONICS
          N.V.</b></FONT> </P>
    <P align="center"> <b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">CONSOLIDATED
          BALANCE SHEETS</FONT> </b></P>
    <TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
      <TR>
        <TD width="3%">&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD align="center" colspan=3><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">As
              at</FONT></b></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD colspan=3><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD rowspan="2">&nbsp;</TD>
        <TD rowspan="2">&nbsp;</TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</FONT></b></TD>
        <TD rowspan="2">&nbsp;</TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</FONT></b></TD>
        <TD rowspan="2">&nbsp;</TD>
      </TR>
      <TR>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2004</FONT></b></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2003</FONT></b></TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD colspan=3 align="center"><FONT size=1 face="AdvTimes,Times New Roman,Times,serif"><b>(in
              millions of U.S. dollars)</b></FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD colspan="2"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">ASSETS</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD colspan="2"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Current
              assets:</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD colspan="2" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Cash
            and cash equivalents</FONT></TD>
        <TD width=8% align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1,950</FONT></TD>
        <TD width=2% bgcolor="#eeeeee">&nbsp;</TD>
        <TD width=8% align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2,998</FONT></TD>
        <TD width=2% bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD colspan="2"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Trade
            accounts receivable, net</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1,408</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1,272</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD colspan="2" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Inventories,
            net</FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1,344</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1,129</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD colspan="2"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Deferred
            tax assets</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">140</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">106</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD colspan="2" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Other
            receivables and assets</FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">785</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">616</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD colspan="2" bgcolor="#eeeeee"><b>&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Total
              current assets</FONT></b></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">5,627</FONT></b></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">6,121</FONT></b></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD colspan="2"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Goodwill</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">264</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">267</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD colspan="2" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Other
            intangible assets, net</FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">291</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">325</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD colspan="2"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Property,
            plant and equipment, net</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">7,442</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">6,620</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD colspan="2" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Long-term
            deferred tax assets</FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">59</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">45</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD colspan="2"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Investments
            and other non-current assets</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">117</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">99</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">8,173</FONT></b></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">7,356</FONT></b></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD colspan="2" bgcolor="#eeeeee"><b>&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Total
              assets</FONT></b></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">13,800</FONT></b></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">13,477</FONT></b></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD colspan="2"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">LIABILITIES
              AND SHAREHOLDERS&#146; EQUITY</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD colspan="2"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Current
              liabilities:</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD colspan="2" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Bank
            overdrafts</FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">58</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">45</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD colspan="2"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Current
            portion of long-term debt</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">133</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">106</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD colspan="2" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Trade
            accounts payable</FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1,352</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1,044</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD colspan="2"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Other
            payables and accrued liabilities</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">776</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">693</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD colspan="2" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Deferred
            tax liabilities</FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">17</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">10</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD colspan="2"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Accrued
            income tax</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">176</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">179</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD colspan="2" bgcolor="#eeeeee"><b>&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Total
              current liabilities</FONT></b></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2,512</FONT></b></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2,077</FONT></b></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD colspan="2"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Long-term
            debt</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1,767</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2,944</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD colspan="2"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Reserve
            for pension and termination indemnities</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">285</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">236</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD colspan="2"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Long-term
            deferred tax liabilities</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">63</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">37</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD colspan="2"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Other
            non-current liabilities</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">15</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">38</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2,130</FONT></b></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">3,255</FONT></b></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD colspan="2" bgcolor="#eeeeee"><b>&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Total
              liabilities</FONT></b></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">4,642</FONT></b></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">5,332</FONT></b></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD colspan="2"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Commitment
            and contingencies</FONT></TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD colspan="2" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Minority
              interests</FONT></b></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">48</FONT></b></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">45</FONT></b></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD colspan="2"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Common
            stock:</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1,150</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1,146</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD align="right">&#8226;</TD>
        <TD>&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">common
            shares: Euro 1.04 nominal value, 1,200,000,000 shares authorized,
            905,308,997 shares issued, 891,908,997 shares outstanding</FONT></TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD align="right">&#8226;</TD>
        <TD>&nbsp;&nbsp;&nbsp;<font size=2 face="AdvTimes,Times New Roman,Times,serif">preferred
            shares: 540,000,000 shares authorized, not issued</font></TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD colspan="2" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Capital
            surplus</FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1,924</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1,905</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD colspan="2"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Accumulated
            result</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">5,268</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">4,774</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD colspan="2" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Accumulated
            other comprehensive income</FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1,116</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">623</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD colspan="2"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Treasury
            stock</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(348</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(348</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD colspan="2" bgcolor="#eeeeee"><b>&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Shareholders&#146; equity</FONT></b></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">9,110</FONT></b></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">8,100</FONT></b></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD colspan="2"><b>&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Total
              liabilities and shareholders&#146; equity</FONT></b></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">13,800</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">13,477</FONT></b></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
    </TABLE>
    <P align="center"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">The
        accompanying notes are an integral part of these Audited Consolidated
        Financial Statements.</FONT> </P>
    <P align="center"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">F-4</FONT> </P>
    <hr noshade align="center" width="100%" size=2>
    <div style="page-break-before:always"></div>
    <page><a name="pf5"></a>
    <p><a href="#index"><font size="2">Back to Index</font></a></p>
    <P align="center"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><b>STMICROELECTRONICS
          N.V.</b></FONT> </P>
    <P align="center"> <b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">CONSOLIDATED
          STATEMENTS OF CASH FLOWS</FONT> </b></P>
    <TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
      <TR>
        <TD>&nbsp;</TD>
        <TD colspan="5">
          <div align="center"><font size="1" face="AdvTimes,Times New Roman,Times,serif"><b>Year
                ended</b></font></div>
          </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><div align="center">
            <HR align="center" size=1 noshade>
          </div>
        </TD>
        <TD><div align="center">
            <HR align="center" size=1 noshade>
          </div>
        </TD>
        <TD><HR align="center" size=1 noshade>
        </TD>
        <TD><div align="center">
            <HR align="center" size=1 noshade>
          </div>
        </TD>
        <TD><div align="center">
            <HR align="center" size=1 noshade>
          </div>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD rowspan="2">&nbsp;</TD>
        <TD align="center">
          <div align="center"><font size="1" face="AdvTimes,Times New Roman,Times,serif"><b>December
                31,</b></font></div>
        </TD>
        <TD rowspan="2">&nbsp; </TD>
        <TD align="center">
          <div align="center"><font size="1" face="AdvTimes,Times New Roman,Times,serif"><b>December
                31,</b></font></div>
        </TD>
        <TD rowspan="2">&nbsp; </TD>
        <TD align="center">
          <div align="center"><font size="1" face="AdvTimes,Times New Roman,Times,serif"><b>December
                31,</b></font></div>
        </TD>
        <TD rowspan="2">&nbsp;</TD>
      </TR>
      <TR>
        <TD align="center">
          <div align="center"><font size="1" face="AdvTimes,Times New Roman,Times,serif"><b>2004</b></font></div>
        </TD>
        <TD align="center">
          <div align="center"><font size="1" face="AdvTimes,Times New Roman,Times,serif"><b>2003</b></font></div>
        </TD>
        <TD align="center">
          <div align="center"><font size="1" face="AdvTimes,Times New Roman,Times,serif"><b>2002</b></font></div>
        </TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR align="center" size=1 noshade>
        </TD>
        <TD><div align="center">
            <HR align="center" size=1 noshade>
          </div>
        </TD>
        <TD><HR align="center" size=1 noshade>
        </TD>
        <TD><div align="center">
            <HR align="center" size=1 noshade>
          </div>
        </TD>
        <TD><HR align="center" size=1 noshade>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD colspan=5>
          <div align="center"><font size="1" face="AdvTimes,Times New Roman,Times,serif"><b>(in
                millions of U.S. dollars)</b></font></div>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Cash
              flows from operating activities:</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee">&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Net
            income</FONT></TD>
        <TD width=8% align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">601</FONT></TD>
        <TD width=2% bgcolor="#eeeeee">&nbsp;</TD>
        <TD width=8% align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">253</FONT></TD>
        <TD width=2% bgcolor="#eeeeee">&nbsp;</TD>
        <TD width=8% align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">429</FONT></TD>
        <TD width=2% bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Items
            to reconcile net income and cash flows from operating activities:</FONT></TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Depreciation
            and amortization</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1,837</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1,608</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1,382</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Amortization
            of discount on convertible debt</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">28</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">68</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">87</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Loss
            on extinguishment of convertible debt</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">4</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">39</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&#151;</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Gain
            on the sale of marketable securities</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&#151;</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(4</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(1</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR>
        <TD>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Other
            non-cash items</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">5</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(53</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">27</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Minority
            interest in net income of subsidiaries</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">3</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">3</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">4</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Deferred
            income tax</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(6</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(131</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">14</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Loss
            on equity investments</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">4</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">11</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Impairment,
            restructuring charges and other related closure costs, net of cash
            payments</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">8</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">197</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">11</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Changes
            in assets and liabilities:</FONT></TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Trade
            receivables, net</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(119</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(109</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(129</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR>
        <TD>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Inventories,
            net</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(144</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(75</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(71</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Trade
            payables</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">128</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(8</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(21</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR>
        <TD>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Other
            assets and liabilities, net</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(7</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">131</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(30</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Net
              cash from operating activities</FONT></b></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2,342</FONT></b></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1,920</FONT></b></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1,713</FONT></b></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Cash
              flows from investing activities:</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee">&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Payment
            for purchases of tangible assets</FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(2,050</FONT></TD>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(1,221</FONT></TD>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(995</FONT></TD>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR>
        <TD>&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Proceeds
            from the sale of marketable securities</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&#151;</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">4</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee">&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Investment
            in intangible and financial assets</FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(81</FONT></TD>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(34</FONT></TD>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(69</FONT></TD>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR>
        <TD>&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Payment
            for acquisitions, net of cash received</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(3</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(188</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(307</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Net
              cash used in investing activities</FONT></b></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(2,134</FONT></b></TD>
        <TD bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></b></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(1,439</FONT></b></TD>
        <TD bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></b></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(1,370</FONT></b></TD>
        <TD bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></b></TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Cash
              flows from financing activities:</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee">&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Proceeds
            from issuance of long-term debt</FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">91</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1,398</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">65</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Repayment
            of long-term debt</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(1,288</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(1,432</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(158</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee">&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Increase
            (decrease) in short-term facilities</FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">10</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">25</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(16</FONT></TD>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR>
        <TD>&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Capital
            increase</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">23</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">22</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">29</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee">&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Payments
            to acquire treasury stock</FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&#151;</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&#151;</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(115</FONT></TD>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR>
        <TD>&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Dividends
            paid</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(107</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(71</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(36</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee">&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Other
            financing activities</FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&#151;</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(1</FONT></TD>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(1</FONT></TD>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Net
              cash used in financing activities</FONT></b></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(1,271</FONT></b></TD>
        <TD bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></b></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(59</FONT></b></TD>
        <TD bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></b></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(232</FONT></b></TD>
        <TD bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></b></TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee">&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Effect
            of changes in exchange rates</FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">15</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">14</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">12</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Net
              cash increase (decrease)</FONT></b></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(1,048</FONT></b></TD>
        <TD bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></b></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">436</FONT></b></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">123</FONT></b></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Cash
            and cash equivalents at beginning of the period</FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2,998</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2,562</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2,439</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Cash and
            cash equivalents at end of the period</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1,950</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2,998</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2,562</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Supplemental
            cash information:</FONT></TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Interest
            paid</FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">16</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">19</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">22</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Income tax
            paid</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">84</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">102</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">95</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
    </TABLE>
    <P align="center"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">The
        accompanying notes are an integral part of these Audited Consolidated
        Financial Statements.</FONT> </P>
    <P align="center"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">F-5</FONT> </P>
    <hr noshade align="center" width="100%" size=2>
    <div style="page-break-before:always"></div>
    <page><a name="pf6"></a>
    <p><a href="#index"><font size="2">Back to Index</font></a></p>
    <P align="center"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><b>STMICROELECTRONICS
          N.V.</b></FONT> </P>
    <P align="center"> <b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">CONSOLIDATED
          STATEMENTS OF CHANGES IN SHAREHOLDERS&#146; EQUITY</FONT> </b></P>
    <TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
      <TR>
        <TD rowspan="4" align="center">&nbsp;</TD>
        <TD rowspan="2" align="center">&nbsp;</TD>
        <TD rowspan="4" align="center">&nbsp;</TD>
        <TD rowspan="2" align="center">&nbsp;</TD>
        <TD rowspan="4" align="center">&nbsp;</TD>
        <TD rowspan="2" align="center">&nbsp;</TD>
        <TD rowspan="4" align="center">&nbsp;</TD>
        <TD rowspan="2" align="center">&nbsp;</TD>
        <TD rowspan="4" align="center">&nbsp;</TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Accumulated</FONT></b></TD>
        <TD rowspan="4" align="center">&nbsp;</TD>
        <TD rowspan="2" align="center">&nbsp;</TD>
        <TD rowspan="4">&nbsp;</TD>
      </TR>
      <TR>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Other</FONT></b></TD>
      </TR>
      <TR>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Common</FONT></b></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Capital</FONT></b></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Treasury</FONT></b></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Accumulated</FONT></b></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Comprehensive</FONT></b></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Shareholders&#146;</FONT></b></TD>
      </TR>
      <TR>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Stock</FONT></b></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Surplus</FONT></b></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Stock</FONT></b></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Result</FONT></b></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Income
              (Loss)</FONT></b></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Equity</FONT></b></TD>
      </TR>
      <TR>
        <TD align="center">&nbsp;</TD>
        <TD align="center"><hr size="1" noshade>
        </TD>
        <TD align="center"><hr size="1" noshade>
        </TD>
        <TD align="center"><hr size="1" noshade>
        </TD>
        <TD align="center"><hr size="1" noshade>
        </TD>
        <TD align="center"><hr size="1" noshade>
        </TD>
        <TD align="center"><hr size="1" noshade>
        </TD>
        <TD align="center"><hr size="1" noshade>
        </TD>
        <TD align="center"><hr size="1" noshade>
        </TD>
        <TD align="center"><hr size="1" noshade>
        </TD>
        <TD align="center"><hr size="1" noshade>
        </TD>
        <TD align="center"><hr size="1" noshade>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD align="center">&nbsp;</TD>
        <TD align="center">&nbsp;</TD>
        <TD align="center">&nbsp;</TD>
        <TD colspan=7 align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">(in
              millions of U.S. dollars, except per share amounts)</FONT></b></TD>
        <TD align="center">&nbsp;</TD>
        <TD align="center">&nbsp;</TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Balance
              as of December 31, 2001</FONT></b></TD>
        <TD width=8% align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1,142</FONT></b></TD>
        <TD width=2% bgcolor="#eeeeee">&nbsp;</TD>
        <TD width=8% align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1,836</FONT></b></TD>
        <TD width=2% align="right" bgcolor="#eeeeee">&nbsp;</TD>
        <TD width=8% align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(233</FONT></b></TD>
        <TD width=2% bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></b></TD>
        <TD width=8% align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">4,199</FONT></b></TD>
        <TD width=2% bgcolor="#eeeeee">&nbsp;</TD>
        <TD width=8% align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(869</FONT></b></TD>
        <TD width=2% bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></b></TD>
        <TD width=8% align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">6,075</FONT></b></TD>
        <TD width=2% bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Capital
            increase</FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">28</FONT></TD>
        <TD align="right" bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">30</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Repurchase
            of common stock</FONT></TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(115</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(115</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Comprehensive
            income:</FONT></TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee">&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Net
            Income</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">429</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">429</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Other
            comprehensive income, net of tax</FONT></TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">611</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">611</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Comprehensive
            income</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1,040</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Dividends,
            $0.04 per share</FONT></TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(36</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(36</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Balance
              as of December 31, 2002</FONT></b></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1,144</FONT></b></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1,864</FONT></b></TD>
        <TD align="right" bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(348</FONT></b></TD>
        <TD bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></b></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">4,592</FONT></b></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(258</FONT></b></TD>
        <TD bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></b></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">6,994</FONT></b></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Capital
            increase</FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">41</FONT></TD>
        <TD align="right" bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">43</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Comprehensive
            income:</FONT></TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Net
            Income</FONT></TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">253</FONT></TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">253</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD>&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Other
            comprehensive income, net of tax</FONT></TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">881</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">881</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Comprehensive
            income</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1,134</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Dividends,
            $0.08 per share</FONT></TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(71</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(71</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Balance
              as of December 31, 2003</FONT></b></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1,146</FONT></b></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1,905</FONT></b></TD>
        <TD align="right" bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(348</FONT></b></TD>
        <TD bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></b></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">4,774</FONT></b></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">623</FONT></b></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">8,100</FONT></b></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Capital
            increase</FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">4</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">19</FONT></TD>
        <TD align="right" bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">23</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Repurchase
            of common stock</FONT></TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Comprehensive
            income:</FONT></TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee">&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Net
            Income</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">601</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">601</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Other
            comprehensive income, net of tax</FONT></TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">493</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">493</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Comprehensive
            income</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1,094</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Dividends,
            $0.12 per share</FONT></TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(107</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(107</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Balance
              as of December 31, 2004</FONT></b></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1,150</FONT></b></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1,924</FONT></b></TD>
        <TD align="right" bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(348</FONT></b></TD>
        <TD bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></b></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">5,268</FONT></b></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1,116</FONT></b></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">9,110</FONT></b></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
    </TABLE>
    <P align="center"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">The
        accompanying notes are an integral part of these Audited Consolidated
        Financial Statements.</FONT> </P>
    <P align="center"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">F-6</FONT> </P>
    <hr noshade align="center" width="100%" size=2>
    <div style="page-break-before:always"></div>
    <page><a name="pf7"></a>
    <p><a href="#index"><font size="2">Back to Index</font></a></p>

    <P align="center"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><b>STMICROELECTRONICS
          N.V.</b></FONT></P>
    <P align="center"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><b>NOTES
          TO CONSOLIDATED FINANCIAL STATEMENTS</b></FONT></P>
    <P align="center"> <FONT size=1 face="AdvTimes,Times New Roman,Times,serif"><b>(in
          millions of U.S. dollars, except per share amounts)</b></FONT></P>
    <table width="100%" border="0" cellspacing="0" cellpadding="0">
      <tr>
        <td width="3%" align="left"><b><font size=2 face="AdvTimes,Times New Roman,Times,serif">1.</font></b></td>
        <td><b><font size=2 face="AdvTimes,Times New Roman,Times,serif">The Company</font></b></td>
      </tr>
    </table>
    <div style="text-indent:3%">
      <p><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">STMicroelectronics
          N.V. (the &#145;&#145;Company&#146;&#146;) is registered in The Netherlands
          with its statutory</FONT> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">domicile
          in Amsterdam. The Company was formed in 1987 with the original name
          of SGS-THOMSON Microelectronics by the combination of the semiconductor
          business of SGS Microelettronica (then owned by Societ&agrave; Finanziaria
          Telefonica (S.T.E.T.), an Italian corporation) and the non-military
          business of Thomson Semiconducteurs (then owned by Thomson-CSF, a French
          corporation) whereby each company contributed their respective semiconductor
          businesses in exchange for a 50% interest in the Company.</FONT>
    </div>
    <div style="text-indent:3%">
      <P><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">The Company
          is a global independent semiconductor company that designs, develops,
          manufactures and markets a broad range of semiconductor integrated
          circuits (&#145;&#145;ICs&#146;&#146;) and discrete devices. The Company
          offers a diversified product portfolio and develops products for a
          wide range of market applications, including automotive products, computer
          peripherals, telecommunications systems, consumer products, industrial
          automation and control systems. Within its diversified portfolio, the
          Company has focused on developing products that leverage its technological
          strengths in creating customized, system-level solutions with high-growth
          digital and mixed-signal content.</FONT></P>
    </div>
    <table width="100%" border="0" cellspacing="0" cellpadding="0">
      <tr>
        <td width="3%" align="left"><b><font size=2 face="AdvTimes,Times New Roman,Times,serif">2.</font></b></td>
        <td><b><font size=2 face="AdvTimes,Times New Roman,Times,serif">Accounting
              policies</font></b></td>
      </tr>
    </table>
    <div style="text-indent:3%">
      <p><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">The accounting
          policies of the Company conform with accounting principles generally
          accepted in</FONT> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">the
          United States of America (&#145;&#145;U.S. GAAP&#146;&#146;). All balances
          and values in the current and prior periods are in millions of dollars,
          except share and per-share amounts.</FONT></p>
    </div>
    <div style="text-indent:3%">
      <p><i><font size=2 face="AdvTimes,Times New Roman,Times,serif">2.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Principles
            of consolidation</font></i></p>
    </div>
    <div style="text-indent:3%">
      <P><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">The consolidated
          financial statements of the Company have been prepared in conformity
          with U.S. GAAP. The Company&#146;s consolidated financial statements
          include the assets, liabilities, results of operations and cash flows
          of its majority-owned subsidiaries. The ownership of other interest
          holders is reflected as minority interests. Intercompany balances and
          transactions have been eliminated in consolidation.</FONT></P>
    </div>
    <div style="text-indent:3%">
      <P><i><font size=2 face="AdvTimes,Times New Roman,Times,serif">2.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Use
            of estimates</font></i></P>
    </div>
    <div style="text-indent:3%">
      <P><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">The preparation
          of financial statements in accordance with U.S. GAAP requires management
          to make estimates and assumptions that affect the reported amounts
          of assets and liabilities at the date of the financial statements and
          the reported amounts of net revenue and expenses during the reporting
          period. The primary areas that require significant estimates and judgments
          by management include, but are not limited to, sales returns and allowances,
          allowances for doubtful accounts, inventory reserves and normal manufacturing
          capacity thresholds to determine costs capitalized in inventory, accruals
          for warranty costs, litigation and claims, valuation of acquired intangibles,
          goodwill, investments and tangible assets as well as the impairment
          of their related carrying values, restructuring charges, other non-recurring
          special charges, assumptions used in calculating pension obligations
          and proforma share-based compensation, assessment of hedge effectiveness
          of derivative instruments, deferred income tax assets including required
          valuation allowances and liabilities as well as provisions for specifically
          identified income tax exposures. The Company bases the estimates and
          assumptions on historical experience and on various other factors such
          as market trends and business plans that it believes to be reasonable
          under the circumstances, the results of which form the basis for making
          judgments about the carrying values of assets and liabilities. The
          actual results experienced by the Company could differ materially and
          adversely from management&#146;s estimates. To the extent there are
          material differences between the estimates and the actual results,
          future results of operations could be significantly affected.</FONT></P>
    </div>
    <div style="text-indent:3%">
      <P><i><font size=2 face="AdvTimes,Times New Roman,Times,serif">2.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Foreign
            currency</font></i></P>
    </div>
    <div style="text-indent:3%">
      <P><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">The U.S. dollar
          is the reporting currency for the Company. This is consistent with
          the worldwide semiconductor industry&#146;s use of the U.S. dollar
          as a currency of reference for actual pricing in the market. Furthermore,
          there is no single currency in which the majority of the Company&#146;s
          transactions are denominated, and revenues from external sales in U.S.
          dollars exceed revenues in any other currency. However, labor costs
          are concentrated primarily in the countries that have adopted the Euro
          currency.</FONT></P>
    </div>
    <P align="center"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">F-7</FONT></P>
    <hr noshade align="center" width="100%" size=2>
    <div style="page-break-before:always"></div>
    <page><a name="pf8"></a>
    <p><a href="#index"><font size="2">Back to Index</font></a></p>
    <div style="text-indent:3%">
      <P><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">The functional
          currency of each subsidiary throughout the group is generally the local
          currency. For consolidation purposes, assets and liabilities of these
          subsidiaries are translated at current rates of exchange at the balance
          sheet date. Income and expense items are translated at the monthly
          average exchange rate of the period. The effects of translating the
          financial position and results of operations from local functional
          currencies are reported as a component of &#145;&#145;accumulated other
          comprehensive income&#146;&#146; in the consolidated statements of
          changes in shareholders&#146; equity.</FONT></P>
    </div>
    <div style="text-indent:3%">
      <P><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Assets, liabilities,
          revenues, expenses, gains or losses arising from foreign currency transactions
          are recorded in the functional currency of the recording entity at
          the exchange rate in effect at the date of the transaction. At each
          balance sheet date, recorded balances denominated in a currency other
          than the recording entity&#146;s functional currency are translated
          at the exchange rate prevailing at that date. The related exchange
          gains and losses are recorded in the consolidated statements of income.</FONT></P>
    </div>
    <div style="text-indent:3%">
      <P><FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><i>2.4 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Derivative
            instruments</i></FONT></P>
    </div>
    <div style="text-indent:3%">
      <P><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">The Company
          conducts its business on a global basis in various major international
          currencies. As a result, the Company is exposed to adverse movements
          in foreign currency exchange rates. The Company enters into foreign
          currency forward contracts and currency options to reduce its exposure
          to changes in exchange rates and the associated risk arising from the
          denomination of certain assets and liabilities in foreign currencies
          at the Company&#146;s subsidiaries. These instruments do not qualify
          as hedging instruments under Statement of Financial Accounting Standards
          No. 133, <i>Accounting for Derivative Instruments and Hedging Activities</i> (&#145;&#145;FAS
          133&#146;&#146;) and are marked-to-market at each period-end with the
          associated changes in fair value recognized in &#145;&#145;other income
          and expenses, net&#146;&#146; in the consolidated statements of income.</FONT></P>
    </div>
    <div style="text-indent:3%">
      <P><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">To further
          reduce its exposure to U.S. dollar exchange rate fluctuations, the
          Company also hedged in 2004 certain euro-denominated forecasted transactions
          that cover at year-end a large part of its research and development,
          selling, general and administrative expenses as well as a portion of
          its front-end manufacturing production costs of semi-finished goods.
          The foreign currency forward contracts used to hedge exposures are
          reflected at their fair value in the consolidated balance sheet and
          meet the criteria for designation as cash flow hedges. The criteria
          for designating a derivative as a hedge include the instrument&#146;s
          effectiveness in risk reduction and, in most cases, a one-to-one matching
          of the derivative instrument to its underlying transaction. Foreign
          currency forward contracts used as hedges are effective at reducing
          the euro/U.S. dollar currency fluctuation risk being hedged and are
          designated as a hedge at the inception of the contract. For these derivatives,
          the gain or loss from the effective portion of the hedge is reported
          as a component of &#145;&#145;accumulated other comprehensive income&#146;&#146; in
          the consolidated statement of changes in shareholders&#146; equity
          and is reclassified into earnings in the same period in which the hedged
          transaction affects earnings, and within the same income statement
          line item as the impact of the hedged transaction. The gain or loss
          is recognized immediately in &#145;&#145;other income and expenses,
          net&#146;&#146; in the consolidated statement of income when a designated
          hedging instrument is either terminated early or an improbable or ineffective
          portion of the hedge is identified. As the foreign currency forward
          contracts expire, the resulting cash flows are reflected in the consolidated
          cash flow statement as changes in &#145;&#145;other assets and liabilities,
          net&#146;&#146; for hedged research and development and selling and
          administrative expenses and &#145;&#145;inventories&#146;&#146; for
          hedged production costs of semi-finished goods.</FONT></P>
    </div>
    <div style="text-indent:3%">
      <P><FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><i>2.5 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reclassifications</i></FONT></P>
    </div>
    <div style="text-indent:3%">
      <P><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Certain prior
          year amounts have been reclassified to conform to the current year
          presentation.</FONT></P>
    </div>
    <div style="text-indent:3%">
      <P><FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><i>2.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Revenue
            Recognition </i></FONT></P>
    </div>
    <div style="text-indent:3%">
      <P><FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><i>Net sales</i></FONT></P>
    </div>
    <div style="text-indent:3%">
      <P><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Revenue from
          products sold to customers is recognized, pursuant to SEC Staff Accounting
          Bulletin No. 104 <i>Revenue Recognition</i> (&#145;&#145;SAB 104&#146;&#146;),
          when all the following conditions have been met: (a) persuasive evidence
          of an arrangement exists; (b) delivery has occurred; (c) the selling
          price is fixed or determinable; and (d) collectibility is reasonably
          assured. This usually occurs at the time of shipment.</FONT></P>
    </div>
    <div style="text-indent:3%">
      <P><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Consistent
          with standard business practice in the semiconductor industry, price
          protection is granted to distribution customers on their existing inventory
          of the Company&#146;s products to compensate them for declines in market
          prices. The ultimate decision to authorize a distributor refund remains
          fully within the control of the Company. The Company accrues a provision
          for price protection based on a rolling historical price trend computed
          on a monthly basis as a percentage of gross distributor sales. This
          historical price trend represents</FONT></P>
    </div>
    <P align="center"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">F-8</FONT></P>
    <hr noshade align="center" width="100%" size=2>
    <div style="page-break-before:always"></div>
    <page><a name="pf9"></a>
    <p><a href="#index"><font size="2">Back to Index</font></a></p>
    <p><FONT size=2 face="AdvTimes,Times New Roman,Times,serif"> differences
        in recent months between the invoiced price and the final price to the
        distributor, adjusted if required, to accommodate a significant move
        in the current market price. The short outstanding inventory time period,
        visibility into the standard inventory product pricing (as opposed to
        certain customized products) and long distributor pricing history have
        enabled the Company to reliably estimate price protection provisions
        at period-end. The Company records the accrued amounts as a deduction
        of revenue at the time of the sale.</FONT></p>

    <div style="text-indent:3%">
      <P><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">The Company&#146;s
          customers occasionally return the Company&#146;s products for technical
          reasons. The Company&#146;s standard terms and conditions of sale provide
          that, if the Company determines that products are non-conforming, the
          Company will repair or replace the non-conforming products, or issue
          a credit or rebate of the purchase price. Quality returns are not related
          to any technological obsolescence issues and are identified shortly
          after sale in customer quality control testing. Quality returns are
          always associated with end-user customers, not with distribution channels.
          The Company provides for such returns when they are considered as probable
          and can be reasonably estimated. The Company records the accrued amounts
          as a reduction of revenue.</FONT></P>
    </div>
    <div style="text-indent:3%">
      <P><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">The Company
          does not have insurance against product claims and records a provision
          for warranty costs as a charge against cost of sales, based on historical
          trends of warranty costs incurred as a percentage of sales, which management
          has determined to be a reasonable estimate of the probable losses to
          be incurred for warranty claims in a period. Any potential warranty
          claims are subject to the Company&#146;s determination that the Company
          is at fault for damages, and such claims usually must be submitted
          within a short period following the date of sale. This warranty is
          given in lieu of all other warranties, conditions or terms express
          or implied by statute or common law. The Company limits its liability
          to the price allocable to the products which gives rise to the claims.</FONT></P>
    </div>
    <div style="text-indent:3%">
      <P><FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><i>Other revenues</i></FONT></P>
    </div>
    <div style="text-indent:3%">
      <P><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Other revenues
          primarily consist of license revenue and patent royalty income, which
          are recognized ratably over the term of the agreements. Prior to 2003,
          other revenues also included in previous years fees invoiced to partners
          under a co-development contract, which was recognized as the related
          costs are incurred. The related costs under such contracts were recorded
          in &#145;&#145;cost of sales&#146;&#146;.</FONT></P>
    </div>
    <div style="text-indent:3%">
      <P><FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><i>Fundings</i></FONT></P>
    </div>
    <div style="text-indent:3%">
      <P><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Fundings received
          by the Company are mainly from governmental agencies and income is
          recorded as recognized when all contractually required conditions are
          fulfilled. The Company&#146;s primary sources for government funding
          are French, Italian and other European Union (&#145;&#145;EU&#146;&#146;)
          governmental entities. Such funding is generally provided to encourage
          research and development activities, industrialization and the economic
          development of underdeveloped regions. The EU has developed model contracts
          for research and development funding that requires beneficiaries to
          disclose the results to third parties on reasonable terms. The conditions
          for receipt of government funding may include eligibility restrictions,
          approval by EU authorities, annual budget appropriations, compliance
          with European Commission regulations, as well as specifications regarding
          objectives and results. Certain specific contracts contain obligations
          to maintain a minimum level of employment and investment during a certain
          amount of time. There could be penalties if these objectives are not
          fulfilled. Other contracts contain penalties for late deliveries or
          for breach of contract, which may result in repayment obligations.
          In accordance with SAB 104 and the Company&#146;s revenue recognition
          policy, funding related to these contracts is booked when the conditions
          required by the contracts are met. The Company&#146;s funding programs
          are classified under three general categories: funding for research
          and development activities, capital investment, and loans.</FONT></P>
    </div>
    <div style="text-indent:3%">
      <P><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Funding for
          research and development activities is the most common form of funding
          that the Company receives. Public funding for research and development
          is recorded as &#145;&#145;other income and expenses, net&#146;&#146; in
          the Company&#146;s consolidated statements of income. Public funding
          for research and development is recognized ratably as the related costs
          are incurred once the agreement with the respective governmental agency
          has been signed and all applicable conditions are met.</FONT></P>
      <div style="text-indent:3%">
        <P align="left"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Capital
            investment grants are recorded as a reduction of &#145;&#145;property,
            plant and equipment, net&#146;&#146; and are recognized in the Company&#146;s
            consolidated statements of income according to the depreciation charges
            of the funded assets during their useful lives.</FONT></P>
      </div>
      <div style="text-indent:3%">
        <P align="left"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">The
            Company receives certain loans, mainly related to large capital investment
            projects, at preferential interest rates. The Company records these
            loans as debt in its consolidated balance sheet.</FONT> </P>
      </div>
      <P align="center"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">F-9</FONT></P>
    </div>
    <hr noshade align="center" width="100%" size=2>
    <div style="page-break-before:always"></div>
    <page><a name="pf10"></a>
    <p><font size="2"><a href="#index">Back to Index</a></font></p>
    <div style="text-indent:3%">
      <P align="left"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><i>2.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Advertising
            costs</i></FONT></P>
    </div>
    <div style="text-indent:3%">
      <P align="left"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Advertising
          costs are expensed as incurred and are recorded as selling, general
          and administrative expenses. Advertising expenses for 2004, 2003, and
          2002 were $17 million, $9 million and $11 million respectively.</FONT></P>
    </div>
    <div style="text-indent:3%">
      <P align="left"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><i>2.8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Research
            and development</i></FONT></P>
    </div>
    <div style="text-indent:3%">
      <P align="left"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Research
          and development costs are charged to expense as incurred. Research
          and development expenses include costs incurred by the Company, the
          Company&#146;s share of costs incurred by other research and development
          interest groups, and costs associated with co-development contracts.
          Research and development expenses do not include marketing design center
          costs, which are accounted for as selling expenses and process engineering,
          pre-production or process transfer costs which are recorded as cost
          of sales.</FONT></P>
    </div>
    <div style="text-indent:3%">
      <P align="left"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><i>2.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Start-up
            costs</i></FONT></P>
    </div>
    <div style="text-indent:3%">
      <P align="left"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Start-up
          costs represent costs incurred in the start-up and testing of the Company&#146;s
          new manufacturing facilities, before reaching the earlier of a minimum
          level of production or 6-months after the fabrication line&#146;s quality
          qualification and are included in &#145;&#145;other income and expenses,
          net&#146;&#146; in the consolidated statements of income.</FONT></P>
    </div>
    <div style="text-indent:3%">
      <P align="left"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><i>2.10&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income
            taxes</i></FONT></P>
    </div>
    <div style="text-indent:3%">
      <P align="left"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">The
          provision for current taxes represents the income taxes expected to
          be paid related to the current year income or to benefit in the case
          of a current-year loss in each individual tax jurisdiction. Provisions
          for specific tax exposures are also estimated and recorded when an
          additional tax payment is determined probable. Deferred tax assets
          and liabilities are recorded for all temporary differences arising
          between the tax and book bases of assets and liabilities and for the
          benefits of tax credits and operating loss carry-forwards. Deferred
          tax assets and liabilities are measured using the enacted tax rates
          at which they are expected to be realized or settled. A valuation allowance
          is provided where necessary to reduce deferred tax assets to the amount
          for which management considers the possibility of recovery to be more
          likely than not. The effect on deferred tax assets and liabilities
          from changes in tax law is recognized upon enactment. The Company utilizes
          the flow-through method to account for its investment credits, reflecting
          the credits as a reduction of tax expense in the year it is recognized.</FONT></P>
    </div>
    <div style="text-indent:3%">
      <P align="left"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><i>2.11&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Earnings
            per share</i></FONT></P>
    </div>
    <div style="text-indent:3%">
      <P align="left"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Basic
          earnings per share are computed by dividing net income by the weighted
          average number of common shares outstanding during the period. Diluted
          earnings per share are computed by dividing net income (adding-back
          interest expense, net of tax effects, related to convertible debt if
          determined to be dilutive) by the weighted average number of common
          shares and common share equivalents outstanding during the period.
          The weighted average shares used to compute diluted earnings per share
          include the incremental shares of common stock relating to outstanding
          options and convertible debt to the extent such incremental shares
          are dilutive.</FONT></P>
    </div>
    <div style="text-indent:3%">
      <P align="left"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><i>2.12&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash
            and cash equivalents</i></FONT> </P>
    </div>
    <div style="text-indent:3%">
      <P align="left"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Cash
          and cash equivalents represents cash, deposits and highly liquid investments
          with insignificant interest rate risk purchased with an original maturity
          of ninety days or less.</FONT> </P>
    </div>
    <div style="text-indent:3%">
      <P align="left"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><i>2.13&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Marketable
            securities</i></FONT></P>
    </div>
    <div style="text-indent:3%">
      <P align="left"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Management
          determines the appropriate classification of investments in debt and
          equity securities at the time of purchase and reassesses the classification
          at each reporting date. For those marketable securities with a readily
          determinable fair value and that are classified as available-for-sale,
          the securities are reported</FONT> <font size=2 face="AdvTimes,Times New Roman,Times,serif">at
          fair value with changes in fair value recognized as a separate component
          of &#145;&#145;accumulated other comprehensive income&#146;&#146; in
          the consolidated statements of changes in shareholders&#146; equity.
          Other-than-temporary losses are recorded in net income based on the
          Company&#146;s assessment of any significant, sustained reductions
          in the investment&#146;s market value and of the market indicators
          affecting the securities. Gains and losses on securities sold are determined
          based on the specific identification method and are recorded as &#145;&#145;other
          income and expenses, net&#146;&#146;.</font></P>
    </div>
    <div style="text-indent:3%">
      <P align="left"> <font size=2 face="AdvTimes,Times New Roman,Times,serif"><i>2.14&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trade
            accounts receivable</i></font> </P>
    </div>
    <div style="text-indent:3%">
      <P align="left"><font size=2 face="AdvTimes,Times New Roman,Times,serif">Trade
          accounts receivable are stated net of allowances for doubtful accounts.
          The Company maintains an allowance for doubtful accounts for potential
          estimated losses resulting from its customers&#146; inability to make</font></P>
    </div>
    <P align="center"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">F-10</FONT> </P>
    <hr noshade align="center" width="100%" size=2>
    <div style="page-break-before:always"></div>
    <page><a name="pf11"></a>
    <p><a href="#index"><font size="2">Back to Index</font></a></p>
    <P align="left"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">required
        payments. The Company bases its estimates on historical collection trends
        and records a provision accordingly. In addition, the Company is required
        to evaluate its customers&#146; financial condition periodically and
        records an additional provision for any specific account the Company
        estimates as doubtful.</FONT></P>
    <div style="text-indent:3%">
      <P align="left"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><i>2.15 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inventories</i></FONT></P>
    </div>
    <div style="text-indent:3%">
      <P align="left"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Inventories
          are stated at the lower of cost or net realizable value. Cost is computed
          by adjusting standard cost to approximate actual manufacturing costs
          on a quarterly basis; the cost is therefore dependent on the Company&#146;s
          manufacturing performance. In the case of underutilization of manufacturing
          facilities, the costs associated with the excess capacity are not included
          in the valuation of inventories but charged directly to cost of sales.</FONT></P>
    </div>
    <div style="text-indent:3%">
      <P align="left"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Provisions
          for obsolescence are estimated for excess uncommitted inventories based
          on the previous quarter sales, orders&#146; backlog and production
          plans. Additionally, the Company evaluates its product inventory to
          identify obsolete or slow-selling stock and records a specific provision
          if the Company estimates its eventual obsolescence.</FONT></P>
    </div>
    <div style="text-indent:3%">
      <P align="left"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><i>2.16&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Intangible
            assets subject to amortization</i></FONT></P>
    </div>
    <div style="text-indent:3%">
      <P align="left"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Intangible
          assets subject to amortization include the cost of technologies and
          licenses purchased from third parties, internally developed software
          which is capitalized and purchased software. Intangible assets subject
          to amortization are reflected net of any impairment losses. The carrying
          value of intangible assets subject to amortization is evaluated whenever
          changes in circumstances indicate that the carrying amount may not
          be recoverable. In determining recoverability, the Company estimates
          the fair value based on the projected discounted future cash flows
          associated with the intangible assets and compares this to their carrying
          value. An impairment loss is recognized for the excess of the carrying
          amount over the fair value. Amortization is computed using the straight-line
          method over the following estimated useful lives:</FONT></P>
    </div>
    <TABLE width="80%" border=0 align="center" cellpadding=0 cellspacing=0>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Technologies &amp; licenses</FONT></TD>
        <TD width=10% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">3-7
            years</FONT></TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Internally
            developed software</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">3-5
            years</FONT></TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Purchased
            software</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">3
            years</FONT></TD>
      </TR>
    </TABLE>
    <div style="text-indent:3%">
      <P align="left"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">The
          Company evaluates the remaining useful life of an intangible asset
          at each reporting period to determine whether events and circumstances
          warrant a revision to the remaining period of amortization.</FONT></P>
    </div>
    <div style="text-indent:3%">
      <p><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">The capitalization
          of costs for internally developed software begins when preliminary
          project stage is completed and when the Company, implicitly or explicitly,
          authorizes and commits to funding a computer software project. It must
          be probable that the project will be completed and will be used to
          perform the function intended.</FONT></P>
    </div>
    <div style="text-indent:3%">
      <P align="left"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><i>2.17&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Goodwill</i></FONT></P>
    </div>
    <div style="text-indent:3%">
      <P align="left"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Goodwill
          acquired in business combinations is not amortized but rather is subject
          to an impairment test to be performed on an annual basis or more frequently
          if indicators of impairment exist, in order to assess the recoverability
          of its carrying value. Goodwill subject to potential impairment is
          tested at a level of reporting referred to as a reporting unit. The
          Company defines its reporting units one level below the four semiconductor
          product groups described in Note 30. This impairment test determines
          whether the fair value of each reporting unit for which goodwill is
          allocated is lower than the total carrying amount of relevant net assets
          allocated to such reporting unit, including its allocated goodwill.
          If lower, the implied fair value of the reporting unit goodwill is
          then compared to the carrying value of the goodwill and an impairment</FONT> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">charge
          is recognized for any excess. In determining the fair value of a reporting
          unit, the Company usually estimates the expected discounted future
          cash flows associated with the reporting unit. Significant management
          judgments and estimates are used in forecasting the future discounted
          cash flows, including: the applicable industry&#146;s sales volume
          forecast and selling price evolution, the reporting unit&#146;s market
          penetration, the market acceptance of certain new technologies and
          relevant cost structure.</FONT></P>
    </div>
    <P align="center"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">F-11</FONT> </P>
    <hr noshade align="center" width="100%" size=2>
    <div style="page-break-before:always"></div>
    <page><a name="pf12"></a>
    <p><font size="2"><a href="#index">Back to Index</a></font></p>
    <div style="text-indent:3%">
      <P align="left"><i> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2.18 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Property,
            plant and equipment</FONT> </i></P>
    </div>
    <div style="text-indent:3%">
      <P align="left"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Property,
          plant and equipment are stated at cost, net of government fundings
          and any impairment losses. Major additions and improvements are capitalized,
          minor replacements and repairs are charged to current operations.</FONT></P>
    </div>
    <div style="text-indent:3%">
      <P align="left"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Depreciation
          is computed using the straight-line method over the following estimated
          useful lives:</FONT> </P>
    </div>
    <TABLE width="80%" border=0 align="center" cellpadding=0 cellspacing=0>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Buildings</FONT></TD>
        <TD width=10% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">33
            years</FONT></TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Facilities &amp; leasehold
            improvements</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">10
            years</FONT></TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Machinery
            and equipment</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">6
            years</FONT></TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Computer
            and R&amp;D equipment</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">3-6
            years</FONT></TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Other</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2-5
            years</FONT></TD>
      </TR>
    </TABLE>
    <div style="text-indent:3%">
      <P><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">The Company
          evaluates each period whether there is reason to suspect that tangible
          assets or groups of assets might not be recoverable. Several impairment
          indicators exist for making this assessment, such as: significant changes
          in the technological, market, economic or legal environment in which
          the Company operates or in the market to which the asset is dedicated,
          or available evidence of obsolescence of the asset, or indication that
          its economic performance is, or will be, worse than expected. In determining
          the recoverability of assets to be held and used, the Company initially
          assesses whether the undiscounted cash flows associated with the tangible
          assets or group of assets exceeds its carrying value. If exceeded,
          the Company then evaluates whether an impairment charge is required
          by determining if the asset&#146;s carrying value also exceeds its
          fair value. This fair value is normally estimated by the Company based
          on independent market appraisals or the sum of discounted future cash
          flows, using market assumptions such as the utilization of the Company&#146;s
          fabrication facilities and the ability to upgrade such facilities,
          change in the selling price and the adoption of new technologies. The
          Company also evaluates the continued validity of an asset&#146;s useful
          life when impairment indicators are identified. Assets classified as
          held for disposal are reflected at the lower of their carrying amount
          or fair value less selling costs and are not depreciated during the
          selling period. Costs to sell include incremental direct costs to transact
          the sale that would not have been incurred except for the decision
          to sell.</FONT></P>
    </div>
    <div style="text-indent:3%">
      <P align="left"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">When
          property, plant and equipment are retired or otherwise disposed of,
          the net book value of the assets is removed from the Company&#146;s
          books and the net gain or loss is included in &#145;&#145;other income
          and expenses, net&#146;&#146; in the consolidated statements of income.</FONT></P>
    </div>
    <div style="text-indent:3%">
      <P align="left"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Assets
          subject to leasing agreements and classified as capital leases are
          included in property, plant and equipment and depreciated over the
          shorter of the estimated useful life or the lease term.</FONT> </P>
    </div>
    <div style="text-indent:3%">
      <P align="left"><i><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2.19 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments</FONT> </i></P>
    </div>
    <div style="text-indent:3%">
      <P align="left"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Investments
          are accounted for using the equity method of accounting if the investment
          gives the Company the ability to exercise significant influence over
          an investee. Significant influence is generally deemed to exist if
          the Company has a 20% to 50% ownership interest in the voting stock
          of the investee.</FONT></P>
    </div>
    <div style="text-indent:3%">
      <P align="left"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Investments
          without readily determinable fair values and for which the Company
          does not have the ability to exercise significant influence are accounted
          for under the cost method. Under the cost method of accounting, investments
          are carried at historical cost and are adjusted only for declines in
          fair value. For investments in public companies that have readily determinable
          fair values and for which the Company does not exercise significant
          influence, the Company classifies these investments as available-for-sale
          and, accordingly, recognizes changes in their fair values as a separate
          component of &#145;&#145;accumulated other comprehensive income&#146;&#146; in
          the consolidated statements of changes in shareholders&#146; equity.
          Other-than-temporary losses are recorded in net income and are based
          on the Company&#146;s assessment of any significant, sustained reductions
          in the investment&#146;s market value and of the market indicators
          affecting the securities. Gains and losses on investments sold are
          determined on the specific identification method and are recorded as &#145;&#145;other
          income or expenses, net&#146;&#146; in the consolidated statements
          of income.</FONT></P>
    </div>
    <div style="text-indent:3%">
      <P align="left"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Since
          the adoption in 2003 of Financial Accounting Standards Board Interpretation
          No. 46 <i>Consolidation of Variable Interest Entities, an Interpretation
          of ARB No. 51</i> (revised 2003) and the related FASB Staff Positions
          (collectively &#145;&#145;FIN 46R&#146;&#146;), the Company assesses
          for potential consolidation any Variable Interest Entities (&#145;&#145;VIEs&#146;&#146;)
          for which the Company is considered to be the primary beneficiary.
          The Company identifies VIEs as entities where the Company&#146;s financial
          risk or reward is not consistent with the</FONT> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">equity
          ownership. The primary beneficiary of a VIE is the party that absorbs
          the majority of the entity&#146;s expected losses, receives the majority
          of</FONT></P>
    </div>
    <P align="center"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">F-12</FONT></P>
    <hr noshade align="center" width="100%" size=2>
    <div style="page-break-before:always"></div>
    <page><a name="pf13"></a>
    <p><a href="#index"><font size="2">Back to Index</font></a></p>
    <P align="left"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif"> its
        expected residual returns, or both as a result of holding variable interests.
        Assets, liabilities, and the non-controlling interest of newly consolidated
        VIEs generally are initially measured at their fair values with any resulting
        loss reported immediately as an extraordinary item or resulting gain
        as a reduction of the amounts assigned to assets in the same manner as
        if the consolidation resulted from a business combination.</FONT></P>
    <div style="text-indent:3%">
      <P align="left"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><i>2.20&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pension
            and termination indemnities</i></FONT></P>
    </div>
    <div style="text-indent:3%">
      <P align="left"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">The
          Company sponsors various retirement plans for its employees; such plans
          include both defined benefit and defined contribution plans. These
          plans conform to local regulations and practices of the countries in
          which the Company operates. Significant estimates are used in determining
          the assumptions incorporated in the calculation of the pension obligations,
          which is supported by input from independent actuaries.</FONT></P>
    </div>
    <div style="text-indent:3%">
      <P align="left"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><i>2.21&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Convertible
            debt</i></FONT></P>
    </div>
    <div style="text-indent:3%">
      <P align="left"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Zero-coupon
          convertible bonds are recorded at the principal amount on maturity
          in long-term debt and are presented net of the debt discount on issuance.
          This discount is amortized over the term of the debt as interest expense
          using the interest rate method.</FONT></P>
    </div>
    <div style="text-indent:3%">
      <P align="left"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Zero-coupon
          convertible bonds issued with a negative yield are initially recorded
          at their accreted value as of the first redemption right of the holder.
          The negative yield is recorded as capital surplus and represents the
          difference between the principal amount at issuance and the lower accreted
          value at the first redemption right of the holder.</FONT></P>
    </div>
    <div style="text-indent:3%">
      <P align="left"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Debt
          issuance costs are included in long-term investments and are amortized
          in &#145;&#145;interest expense, net&#146;&#146; until the first redemption
          right of the holder.</FONT> </P>
    </div>
    <div style="text-indent:3%">
      <P align="left"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><i>2.22&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Comprehensive
            income (loss)</i></FONT></P>
    </div>
    <div style="text-indent:3%">
      <P align="left"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Comprehensive
          income (loss) is defined as the change in equity of a business during
          a period except those resulting from investment by shareholders and
          distributions to shareholders. In the accompanying consolidated financial
          statements, &#145;&#145;accumulated other comprehensive income&#146;&#146; consists
          of foreign currency translation adjustments, the unrealized gain or
          loss on marketable securities classified as available-for-sale, the
          change in the excess of the minimum pension liability over the unrecognized
          prior service cost of certain pension plans and the unrealized gain
          on derivatives, all net of tax.</FONT></P>
    </div>
    <div style="text-indent:3%">
      <P align="left"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><i>2.23&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair
            value of share-based compensation</i></FONT></P>
    </div>
    <div style="text-indent:3%">
      <P align="left"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">At
          December 31, 2004, the Company has five share-based employee and Supervisory
          Board compensation plans as well as an employee share purchase plan
          which are described in detail in Note 17. The Company applies the intrinsic-value-based
          method prescribed by Accounting Principles Board Opinion No. 25, <i>Accounting
          for Stock Issued to Employees </i>(&#145;&#145;APB 25&#146;&#146;),
          and related Interpretations, in accounting for stock-based awards to
          employees. No stock-based employee compensation cost is reflected in
          net income, as all options under those plans were granted at an exercise
          price equal to the market value of the underlying common stock on the
          date of grant. Proforma information regarding net income and earnings
          per share (&#145;&#145;EPS&#146;&#146;) is required by Statement of
          Financial Accounting Standards No. 123, <i>Accounting for Stock-Based
          Compensation</i> (&#145;&#145;FAS 123&#146;&#146;) as if the Company
          had accounted for its stock-based awards to employees under the fair
          value method prescribed by FAS 123. The fair value of the Company&#146;s
          stock-based awards to employees was estimated using a Black-Scholes
          option-pricing model. Forfeitures of options are reflected in the proforma
          charge as they occur. For those stock option plans with graded vesting
          periods, the Company has determined the historical exercise activity
          for such plans actually reflects that employees exercise the option
          after the close of the graded vesting period. Therefore, the Company
          recognizes the estimated proforma charge for plans with graded vesting
          periods on a straight-line basis.</FONT></P>
    </div>
    <div style="text-indent:3%">
      <P align="left"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">The
          fair value was estimated using the following weighted-average assumptions:</FONT> </P>
    </div>
    <TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
      <TR>
        <TD rowspan="3">&nbsp;</TD>
        <TD align="center"><b><font size=1 face="AdvTimes,Times New Roman,Times,serif">Year
              ended</font></b></TD>
        <TD rowspan="3" align="center">&nbsp;</TD>
        <TD align="center"><b><font size=1 face="AdvTimes,Times New Roman,Times,serif">Year
              ended</font></b></TD>
        <TD rowspan="3" align="center">&nbsp;</TD>
        <TD align="center"><b><font size=1 face="AdvTimes,Times New Roman,Times,serif">Year
              ended</font></b></TD>
        <TD rowspan="3">&nbsp;</TD>
      </TR>
      <TR>
        <TD align="center"><b><font size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</font></b></TD>
        <TD align="center"><b><font size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</font></b></TD>
        <TD align="center"><b><font size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</font></b></TD>
      </TR>
      <TR>
        <TD align="center"><b><font size=1 face="AdvTimes,Times New Roman,Times,serif">2004</font></b></TD>
        <TD align="center"><b><font size=1 face="AdvTimes,Times New Roman,Times,serif">2003</font></b></TD>
        <TD align="center"><b><font size=1 face="AdvTimes,Times New Roman,Times,serif">2002</font></b></TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD align="right"><hr size="1" noshade>
        </TD>
        <TD><hr size="1" noshade>
        </TD>
        <TD align="right"><hr size="1" noshade>
        </TD>
        <TD><hr size="1" noshade>
        </TD>
        <TD align="right"><hr size="1" noshade>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Expected
            life (years)</FONT></TD>
        <TD width=10% align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">6.1</FONT></b></TD>
        <TD width=2%>&nbsp;</TD>
        <TD width=10% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">5.9</FONT></TD>
        <TD width=2%>&nbsp;</TD>
        <TD width=10% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">5.0</FONT></TD>
        <TD width=2%>&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Volatility</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">56.4</FONT></b></TD>
        <TD><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">%</FONT></b></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">59.6</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">%</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">60.1</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">%</FONT></TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Risk-free
            interest rate</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">3.6</FONT></b></TD>
        <TD><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">%</FONT></b></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2.7</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">%</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">4.1</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">%</FONT></TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Dividend
            yield</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">0.56</FONT></b></TD>
        <TD><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">%</FONT></b></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">0.35</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">%</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">0.20</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">%</FONT></TD>
      </TR>
    </TABLE>
    <P align="center"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">F-13</FONT> </P>
    <hr noshade align="center" width="100%" size=2>
    <div style="page-break-before:always"></div>
    <page><a name="pf14"></a>
    <p><a href="#index"><font size="2">Back to Index</font></a></p>
    <div style="text-indent:3%">
      <P> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">The weighted
          average fair value of options granted during 2004 was $12.14 ($10.66
          in 2003 and $16.80 in 2002). The following table illustrates the effect
          on net income and earnings per share if the Company had applied the
          fair value recognition provisions of FAS 123 to employee stock-based
          compensation.</FONT></P>
    </div>
    <TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
      <TR>
        <TD rowspan="3">&nbsp;</TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Year
              ended</FONT></b></TD>
        <TD rowspan="3">&nbsp;</TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Year
              ended</FONT></b></TD>
        <TD rowspan="3">&nbsp;</TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Year
              ended</FONT></b></TD>
        <TD rowspan="3">&nbsp;</TD>
      </TR>
      <TR>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</FONT></b></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</FONT></b></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</FONT></b></TD>
      </TR>
      <TR>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2004</FONT></b></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2003</FONT></b></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2002</FONT></b></TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Net income,
            as reported</FONT></TD>
        <TD width=10% align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">601</FONT></b></TD>
        <TD width=2%>&nbsp;</TD>
        <TD width=10% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">253</FONT></TD>
        <TD width=2%>&nbsp;</TD>
        <TD width=10% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">429</FONT></TD>
        <TD width=2%>&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Deduct:
            Total stock-based employee compensation</FONT></TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">expense
            determined under FAS 123, net of</FONT></TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">related
            tax effects</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(166</FONT></b></TD>
        <TD><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></b></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(186</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(163</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Net income,
            pro forma</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">435</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">67</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">266</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Earnings
            per share:</FONT></TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Basic,
            as reported</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">0.67</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">0.29</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">0.48</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Basic,
            pro forma</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">0.49</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">0.08</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">0.30</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Diluted,
            as reported</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">0.65</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">0.27</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">0.48</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Diluted,
            pro forma</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">0.47</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">0.07</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">0.30</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
    </TABLE>
    <div style="text-indent:3%">
      <P align="left"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><i>2.24&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Recent
            accounting pronouncements</i></FONT></P>
    </div>
    <div style="text-indent:3%">
      <P align="left"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">In
          December 2003, the Financial Accounting Standards Board issued Statement
          of Financial Accounting Standards No. 132 (revised 2003), <i>Employers&#146; Disclosures
          about Pensions and Other Postretirement Benefits, an amendment of FASB
          Statements No. 87, 88, and 106, and a revision of FASB Statement No.
          132</i> (&#145;&#145;FAS 132R&#146;&#146;). This Statement revises
          employers&#146; disclosures about pension plans and other postretirement
          benefit plans. It does not change the measurement or recognition of
          those plans required by FASB Statements No. 87, <i>Employers&#146; Accounting
          for Pensions, No. 88, Employers&#146; Accounting for Settlements and
          Curtailments of Defined Benefit Pension Plans and for Termination Benefits,
          and No. 106, Employers&#146; Accounting for Postretirement Benefits
          Other Than Pensions</i>. FAS 132R requires additional disclosures about
          the assets, obligations, cash flows, and net periodic benefit cost
          of defined benefit pension plans and other postretirement benefit plans.
          The statement was generally effective for 2003 calendar year-end financial
          statements, with a delayed effective date for certain disclosures for
          foreign plans. The Company adopted FAS 132R in the fourth quarter of
          2003 and included all immediately required disclosures for its domestic
          pension plans at December 31, 2003. The Company has evaluated the required
          disclosures for all its foreign pension plans and included the additional
          information in its Consolidated Financial Statements as at December
          31, 2004.</FONT></P>
    </div>
    <div style="text-indent:3%">
      <P align="left"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">In
          November 2004, the Financial Accounting Standards Board issued Statement
          of Financial Accounting Standards No. 151, <i>Inventory Costs, an amendment
          of ARB No. 43, Chapter 4</i> (&#145;&#145;FAS 151&#146;&#146;). The
          Standard requires abnormal amounts of idle capacity and spoilage costs
          to be excluded from the cost of inventory and expensed when incurred.
          The provisions of FAS 151 are applicable prospectively to inventory
          costs incurred during fiscal years beginning after June 15, 2005. As
          costs associated with underutilization of manufacturing facilities
          have historically been charged directly to cost of sales, the Company
          believes that FAS 151 will have no material effect on its financial
          position or results of operations.</FONT></P>
    </div>
    <div style="text-indent:3%">
      <P align="left"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">In
          December 2004, the Financial Accounting Standards Board issued Statement
          of Financial Accounting Standards No. 153, <i>Exchanges of Nonmonetary
          Assets, an amendment of APB Opinion No. 29</i> (&#145;&#145;FAS 153&#146;&#146;).
          This Statement amends Opinion 29 to eliminate the exception to the
          basis measurement principle (fair value) for nonmonetary exchanges
          of similar productive assets and replaces it with a general exception
          for exchanges of transactions that do not have commercial substance
          that is transactions that are not expected to result in significant
          changes in the cash flows of the reporting entity. The Statement is</FONT> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">effective
          prospectively for nonmonetary asset exchanges occurring in fiscal periods
          beginning after June 15, 2005, with early application permitted. The
          Company has not had any nonmonetary exchanges of assets since FAS 153
          was published and believes that FAS 153 will have no material effect
          on its financial position or results of operations.</FONT></P>
    </div>
    <div style="text-indent:3%">
      <P align="left"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">In
          December 2004, the Financial Accounting Standards Board issued Statement
          of Financial Accounting Standards No. 123 (revised 2004), <i>Share-Based
          Payment</i> (&#145;&#145;FAS 123R&#146;&#146;). This Statement revises
          FASB Statement No. 123, <i>Accounting for Stock-Based Compensation</i> and
          supersedes APB Opinion No. 25, <i>Accounting for Stock Issued to Employees</i>,
          and its related implementation guidance. FAS 123R requires a public
          entity to measure the</FONT></P>
    </div>
    <P align="center"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">F-14</FONT> </P>
    <hr noshade align="center" width="100%" size=2>
    <div style="page-break-before:always"></div>
    <page><a name="pf15"></a>
    <p><a href="#index"><font size="2">Back to Index</font></a></p>
    <P align="left"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif"> cost
        of share-based service awards based on the grant-date fair value of the
        award. That cost will be recognized over the period during which an employee
        is required to provide service in exchange for the award or the requisite
        service period, usually the vesting period. The grant-date fair value
        of employee share options and similar instruments will be estimated using
        option-pricing models adjusted for the unique characteristics of those
        instruments. FAS 123R also requires more extensive disclosures than the
        previous standards relating to the nature of share-based payment transactions,
        compensation cost and cash flow effects. The Statement applies to all
        awards granted and to all unvested awards modified, repurchased, or cancelled
        during the first interim reporting period beginning after June 15, 2005.
        FAS 123R provides a choice of transition method including the <i>modified
        prospective application method</i>, which allows discretionary restatement
        of interim periods during the calendar year of adoption, or the<i> modified
        retrospective application method</i>, which allows the restatement of
        the prior years presented. Each method requires the cumulative effect
        of initially applying FAS 123R to be recognized in the period of adoption.
        The Company will adopt FAS 123R in the third quarter of 2005 using the
        modified prospective application method and is currently reviewing the
        cumulative impact on its consolidated accumulated result from adopting
        FAS 123R. The impact on the Company&#146;s financial position and results
        of operations are illustrated in the information presented in note 2.23 &#150; Fair
        value of stock based compensation. As a significant number of option
        grants are below current market prices, the Company believes their existing
        equity-based compensation strategy is minimally effective in motivating
        and retaining key-employees. Therefore, the Company is currently reviewing
        its share-based remunerations programs.</FONT></P>
    <P align="center"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">F-15</FONT> </P>
    <hr noshade align="center" width="100%" size=2>
    <div style="page-break-before:always"></div>
    <page><a name="pf16"></a>
    <p><a href="#index"><font size="2">Back to Index</font></a></p>
    <table width="100%" border="0" cellspacing="0" cellpadding="0">
      <tr>
        <td width="3%"><font size=2 face="AdvTimes,Times New Roman,Times,serif"><b>3.</b></font></td>
        <td><font size=2 face="AdvTimes,Times New Roman,Times,serif"><b>Consolidated
              entities</b></font></td>
      </tr>
    </table>
    <div style="text-indent:3%">
      <p><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">The consolidated
          financial statements include the accounts of STMicroelectronics N.V.
          and the </FONT><font size=2 face="AdvTimes,Times New Roman,Times,serif">following
          entities as of December 31, 2004:</font> </p>
    </div>
    <TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
      <TR>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Percentage</FONT></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Ownership</FONT></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">(Direct
              or</FONT></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Legal
              Seat</FONT></b></TD>
        <TD align="center"><font size="1">&nbsp;</font></TD>
        <TD align="left"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Name</FONT></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Indirect)</FONT></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Australia &#150; Sydney</FONT></TD>
        <TD width=2% bgcolor="#eeeeee">&nbsp;</TD>
        <TD width=50% bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">STMicroelectronics
            PTY Ltd</FONT></TD>
        <TD width=2% bgcolor="#eeeeee">&nbsp;</TD>
        <TD width=5% align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">100</FONT></TD>
        <TD width=2% bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Belgium &#150; Zaventem</FONT></TD>
        <TD>&nbsp;</TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">STMicroelectronics
            Belgium N.V.</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">100</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Belgium &#150; Zaventem</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Proton
            World International N.V.</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">100</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Brazil &#150; Sao
            Paolo</FONT></TD>
        <TD>&nbsp;</TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">STMicroelectronics
            Ltda</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">100</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Canada &#150; Ottawa</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">STMicroelectronics
            (Canada), Inc.</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">100</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">China &#150; Shenzhen</FONT></TD>
        <TD>&nbsp;</TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Shenzhen
            STS Microelectronics Co. Ltd</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">60</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">China &#150; Shenzhen</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">STMicroelectronics
            (Shenzhen) Co. Ltd</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">100</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">China &#150; Shenzhen</FONT></TD>
        <TD>&nbsp;</TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">STMicroelectronics
            (Shenzhen) R&amp;D Co. Ltd</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">100</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">China &#150; Shanghai</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">STMicroelectronics
            (Shanghai) Co. Ltd</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">100</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">China &#150; Shanghai</FONT></TD>
        <TD>&nbsp;</TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">STMicroelectronics
            (Shanghai) R&amp;D Co. Ltd</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">100</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">China &#150; Beijing</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">STMicroelectronics
            (Beijing) R&amp;D Co. Ltd</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">100</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Czech Republic &#150; Prague</FONT></TD>
        <TD>&nbsp;</TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">STMicroelectronics
            Design and Application s.r.o.</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">100</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Finland &#150; Lohja</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">STMicroelectronics
            OY</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">100</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">France &#150; Crolles</FONT></TD>
        <TD>&nbsp;</TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">STMicroelectronics
            (Crolles 2) SAS</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">100</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">France &#150; Montrouge</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">STMicroelectronics
            SA</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">100</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">France &#150; Rousset</FONT></TD>
        <TD>&nbsp;</TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">STMicroelectronics
            (Rousset) SAS</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">100</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">France &#150; Palaiseau</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Waferscale
            Integration Sarl</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">100</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Germany &#150; Grasbrunn</FONT></TD>
        <TD>&nbsp;</TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">STMicroelectronics
            GmbH</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">100</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Germany &#150; Grasbrunn</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">STMicroelectronics
            Design and Application GmbH</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">100</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Hong Kong &#150; Hong
            Kong</FONT></TD>
        <TD>&nbsp;</TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">STMicroelectronics
            LTD</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">100</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">India &#150; Noida</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">STMicroelectronics
            Pvt Ltd</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">100</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Israel &#150; Netanya</FONT></TD>
        <TD>&nbsp;</TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">STMicroelectronics
            Ltd</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">100</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Italy &#150; Vimercate</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Accent
            S.r.l.</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">51</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Italy &#150; Catania</FONT></TD>
        <TD>&nbsp;</TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">CO.RI.M.ME.</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">100</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Italy &#150; Aosta</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">DORA
            S.p.A.</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">100</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Italy &#150; Agrate
            Brianza</FONT></TD>
        <TD>&nbsp;</TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">ST Incard
            S.r.l.</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">100</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Italy &#150; Naples</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">STMicroelectronics
            Services S.r.l.</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">100</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Italy &#150; Agrate
            Brianza</FONT></TD>
        <TD>&nbsp;</TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">STMicroelectronics
            S.r.l.</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">100</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Japan &#150; Tokyo</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">STMicroelectronics
            KK</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">100</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Malaysia &#150; Kuala
            Lumpur</FONT></TD>
        <TD>&nbsp;</TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">STMicroelectronics
            Marketing SDN BHD</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">100</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Malaysia &#150; Muar</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">STMicroelectronics
            SDN BHD</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">100</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Malta &#150; Kirkop</FONT></TD>
        <TD>&nbsp;</TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">STMicroelectronics
            Ltd</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">100</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Mexico &#150; Guadalajara</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">STMicroelectronics
            Marketing, S. de R.L. de C.V.</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">100</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Mexico &#150; Guadalajara</FONT></TD>
        <TD>&nbsp;</TD>
        <TD><font size=2 face="AdvTimes,Times New Roman,Times,serif">STMicroelectronics
            Design and Applications, S. de R.L. de C.V.</font></TD>
        <TD>&nbsp;</TD>
        <TD><div align="right"><font size=2 face="AdvTimes,Times New Roman,Times,serif"> 100</font></div>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Morocco &#150; Rabat</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Electronic
            Holding S.A.</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">100</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Morocco &#150; Casablanca</FONT></TD>
        <TD>&nbsp;</TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">STMicroelectronics
            S.A.</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">100</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Singapore &#150; Ang
            Mo Kio</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">STMicroelectronics
            ASIA PACIFIC Pte Ltd</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">100</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Singapore &#150; Ang
            Mo Kio</FONT></TD>
        <TD>&nbsp;</TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">STMicroelectronics
            Pte Ltd</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">100</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Spain &#150; Madrid</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">STMicroelectronics
            S.A.</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">100</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Sweden &#150; Kista</FONT></TD>
        <TD>&nbsp;</TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">STMicroelectronics
            A.B.</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">100</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Switzerland &#150; Geneva</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">STMicroelectronics
            SA</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">100</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Switzerland &#150; Geneva</FONT></TD>
        <TD>&nbsp;</TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">INCARD SA</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">100</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">United
            Kingdom &#150; Marlow</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">STMicroelectronics
            Limited</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">100</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">United Kingdom &#150; Marlow</FONT></TD>
        <TD>&nbsp;</TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">STMicroelectronics
            (Research &amp; Development) Limited</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">100</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">United
            Kingdom &#150; Bristol</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Inmos
            Limited</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">100</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">United Kingdom &#150; Reading</FONT></TD>
        <TD>&nbsp;</TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Synad Technologies
            Limited</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">100</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">United
            States &#150; Carrollton</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">STMicroelectronics
            Inc.</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">100</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">United States &#150; Dover</FONT></TD>
        <TD>&nbsp;</TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Proton World
            Americas Inc.</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">100</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">United
            States &#150; Wilmington</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">STMicroelectronics
            (North America) Holding, Inc.</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">100</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">United States &#150; Wilsonville</FONT></TD>
        <TD>&nbsp;</TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">The Portland
            Group, Inc.</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">100</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
    </TABLE>
    <p align="center"><font size=2 face="AdvTimes,Times New Roman,Times,serif">F-16</font></p>
    <hr noshade align="center" width="100%" size=2>
    <div style="page-break-before:always"></div>
    <page><a name="pf17"></a>
    <p><a href="#index"><font size="2">Back to Index</font></a></p>
    <table width="100%" border="0" cellspacing="0" cellpadding="0">
      <tr>
        <td width="3%"><font size=2 face="AdvTimes,Times New Roman,Times,serif"><b>4.</b></font></td>
        <td><font size=2 face="AdvTimes,Times New Roman,Times,serif"><b>Business
              combinations</b></font></td>
      </tr>
    </table>
    <div style="text-indent:3%">
      <p><font size=2 face="AdvTimes,Times New Roman,Times,serif"><i>Proton World
            International</i></font></p>
    </div>
    <div style="text-indent:3%">
      <p> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">On April 24,
          2003 the Company completed the acquisition of Proton World International
          N.V. (PWI), a leading Smart card software company established in Belgium,
          which specializes in high-security, payment and identification Smart
          card systems. The original cash consideration for the purchase of PWI
          was &#8364;37 million (approximately $41 million). The terms of the
          agreement require the Company to potentially make additional payments
          of up to $25 million, based on achieving future sales targets over
          the next ten years. The obligation to pay such amount is not considered
          beyond a reasonable doubt and therefore no provision has been recorded
          as of December 31, 2004. The acquisition was conducted to significantly
          extend the Company&#146;s know-how and participation in the Smart card
          value chain. In July 2003, the computation of purchase price contractual
          adjustments was finalized, resulting in a reduction of the provisional
          price of approximately $3 million. Purchase price allocation resulted
          in recording assumed liabilities net of current and tangible assets
          of $5 million, and intangible assets including $8 million for core
          technologies, $1 million for customer relationships, $1 million for
          trademarks and $33 million in goodwill. The core technologies have
          an estimated useful life of seven years, the customer relationship
          of four years and the trademarks of one year.</FONT></P>
    </div>
    <div style="text-indent:3%">
      <p><FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><i>Tioga Technologies</i></FONT> </P>
    </div>
    <div style="text-indent:3%"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">On
        April 28, 2003 the Company finalized the purchase of the assets and liabilities
        of Tioga Technologies Ltd., a company based in Israel. The cash consideration
        for this acquisition was $12 million. The acquisition was made to further
        strengthen the strategic positioning of the Company in the areas of its
        Digital Subscriber Line technology for Central office. Purchase price
        allocation resulted in recording assumed liabilities net of current and
        tangible assets by $2 million and intangible assets including $8 million
        for core technologies and $6 million in goodwill. The core technologies
        have an estimated useful life of five years.</FONT>
        <p></P>
    </div>
    <div style="text-indent:3%">
      <p><FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><i>Incard</i></FONT> </P>
    </div>
    <div style="text-indent:3%"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">On
        June 2, 2003 the Company completed the acquisition of the business of
        Incard S.p.A, a company based in Italy, for an original cash consideration
        of approximately $89 million plus approximately $2 million in acquisition-related
        taxes and fees. The acquisition of Incard was performed to complement
        the purchase of PWI by extending the Company&#146;s know-how and customer
        basis in the Smart card value chain. The acquisition will also allow
        the Company to offer a much wider range of solutions to meet the multiple
        needs of the evolving Smart card market. On September 26, 2003 the computation
        of purchase price contractual adjustments was finalized resulting in
        a price reduction of approximately $7 million. The purchase agreement
        also provides certain future price adjustments contingent upon future
        events that have not yet occurred, and that could represent additional
        contingent payments. If these contingent payments will materialize, the
        purchase consideration will be changed accordingly. Purchase price allocation
        resulted in the booking of $32 million of tangible and current assets
        net of assumed liabilities, and intangible assets including $15 million
        for core technologies, $4 million for customers&#146; relationships,
        $3 million for trademarks and $30 million in goodwill. The core technologies
        have an estimated useful life of seven years, the customers&#146; relationships
        of four years and the trademarks of three years.</FONT>
        <p></P>
    </div>
    <div style="text-indent:3%">
      <p><FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><i>Synad Technologies</i></FONT></P>
    </div>
    <div style="text-indent:3%">
      <p><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">On December
          18, 2003, the Company completed the acquisition of Synad Technologies
          Ltd., a wireless-LAN chip developer based in the United Kingdom. The
          cash consideration for this acquisition was $55 million, plus approximately
          $1 million in acquisition-related taxes and fees, of which $53 million
          was paid as of December 31, 2003 and $3 million was paid during the
          first quarter of 2004. The acquisition was conducted to strengthen
          the Company&#146;s broadband access portfolio and add wireless networking
          capabilities to its wide range of highly integrated cost-effective
          application platforms. Purchase price allocation, further adjusted
          in the first quarter of 2004, resulted in recording $2 million of tangible
          and current assets net of assumed liabilities, and intangible assets
          including $17 million for core technologies and $33 million in goodwill
          as at December 31, 2004. The Company also recorded in 2003 an expense
          of approximately $4 million for in-process research and development
          as certain of the acquired technologies could not be capitalized since
          they did not reach technological feasibility. The core technologies
          have an estimated useful life of five years.</FONT></P>
    </div>
    <div style="text-indent:3%">
      <p></p>
      <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">For PWI, Incard
      and Synad, the purchase price allocation is based on a third party independent
      appraisal. For Tioga, the allocation is based on the contractual values,
      which the Company determined to reflect the fair market value.</FONT>
      <p></P>
    </div>
    <P align="center"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">F-17</FONT></P>
    <hr noshade align="center" width="100%" size=2>
    <div style="page-break-before:always"></div>
    <page><a name="pf18"></a>
    <p><a href="#index"><font size="2">Back to Index</font></a></p>
    <table width="100%" border="0" cellspacing="0" cellpadding="0">
      <tr>
        <td width="3%"><font size=2 face="AdvTimes,Times New Roman,Times,serif"><b>5.</b></font></td>
        <td><b><font size=2 face="AdvTimes,Times New Roman,Times,serif">Equity-method
              investments </font></b></td>
      </tr>
    </table>
    <div style="text-indent:3%">
      <P><font size=2 face="AdvTimes,Times New Roman,Times,serif"><i>SuperH Joint
            Venture</i></font></P>
    </div>
    <div style="text-indent:3%">
      <P><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">In 2001, the
          Company and Renesas Technology Corp. (previously known as Hitachi,
          Ltd.) formed a joint venture to develop and license RISC microprocessors.
          The joint venture, SuperH Inc., was initially capitalized with the
          Company&#146;s contribution of $15 million of cash plus internally
          developed technologies with an agreed intrinsic value of $14 million
          for a 44% interest. Renesas Technology Corp. contributed $37 million
          of cash for a 56% interest. The Company accounts for its share in the
          SuperH, Inc. joint venture under the equity method based on the actual
          results of the joint venture. During 2002 and 2003, the Company made
          additional capital contributions on which accumulated losses have exceeded
          the Company&#146;s total investment, which is shown at a zero carrying
          value at December 31, 2004.</FONT></P>
    </div>
    <div style="text-indent:3%">
      <p><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">In 2003, the
          shareholders&#146; agreement was amended to require an additional $3
          million cash contribution from the Company. This amount was fully accrued
          at December 31, 2003, based on the inability of the joint venture to
          meet its projected business plan objectives, and the charge was reflected
          in the 2003 consolidated statement of income line &#145;&#145;Impairment,
          restructuring charges and other related closure costs&#146;&#146;.
          In 2004, the shareholders agreed to restructure the joint venture by
          transferring the intellectual properties to each shareholder and continuing
          any further development individually. Based upon estimates of forecasted
          cash requirements of the joint venture, the Company paid an additional
          $2 million, which is reflected in the 2004 consolidated statement of
          income as &#145;&#145;loss on equity investments&#146;&#146;.</FONT></P>
    </div>
    <div style="text-indent:3%">
      <p><FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><i>UPEK Inc.</i></FONT> </P>
    </div>
    <div style="text-indent:3%">
      <p><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">In 2004, the
          Company and Sofinnova Capital IV FCPR formed a new company, UPEK Inc.,
          as a venture capitalist-funded spin-off of the Company&#146;s TouchChip
          business. UPEK, Inc. was initially capitalized with the Company&#146;s
          transfer of the business, personnel and technology assets related to
          the fingerprint biometrics business, formerly known as the TouchChip
          Business Unit, for a 48% interest. Sofinnova Capital IV FCPR contributed
          $11 million of cash for a 52% interest. The shareholder agreement requires
          Sofinnova Capital IV FCPR to additionally contribute $9 million within
          approximately 12 months from the first quarter of 2004, which will
          reduce the Company&#146;s ownership to 33%.</FONT></P>
    </div>
    <div style="text-indent:3%">
      <p><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">The Company
          is accounting for its share in UPEK, Inc. under the equity method and
          has recorded losses of approximately $2 million, which are reflected
          in the 2004 consolidated statement of income as &#145;&#145;loss on
          equity investments&#146;&#146;.</FONT></P>
    </div>
    <table width="100%" border="0" cellspacing="0" cellpadding="0">
      <tr>
        <td width="3%"><font size=2 face="AdvTimes,Times New Roman,Times,serif"><b>6.</b></font></td>
        <td><font size=2 face="AdvTimes,Times New Roman,Times,serif"><b>Trade
              accounts receivable, net</b></font></td>
      </tr>
    </table>
    <div style="text-indent:3%">
      <p><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Trade accounts
          receivable, net consisted of the following:</FONT></p>
    </div>
    <TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
      <TR>
        <TD><font size="1">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</FONT></b></TD>
        <TD rowspan="2">&nbsp;</TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</FONT></b></TD>
        <TD rowspan="2"><font size="1">&nbsp;</font><font size="1">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD><font size="1">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2004</FONT></b></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2003</FONT></b></TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Trade accounts
            receivable</FONT></TD>
        <TD width=10% align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1,429</FONT></b></TD>
        <TD width=2%>&nbsp;</TD>
        <TD width=10% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1,288</FONT></TD>
        <TD width=2%>&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Less valuation
            allowance</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(21</FONT></b></TD>
        <TD><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></b></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(16</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD>&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><b>Total</b></FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1,408</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><b>1,272</b></FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
    </TABLE>
    <div style="text-indent:3%">
      <P> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Bad debt expense
          amounted in 2004 to $5 million. In 2003, the Company decreased its
          valuation allowance and recorded income of $10 million. In 2002, bad
          debt expense amounted to $3 million. In 2004, 2003 and 2002, one customer,
          the Nokia group of companies, represented 17.1%, 17.9% and 17.6% of
          consolidated net revenues, respectively.</FONT></P>
    </div>
    <table width="100%" border="0" cellspacing="0" cellpadding="0">
      <tr>
        <td width="3%"><font size=2 face="AdvTimes,Times New Roman,Times,serif"><b>7.</b></font></td>
        <td><font size=2 face="AdvTimes,Times New Roman,Times,serif"> <b>Inventories,
              net</b></font></td>
      </tr>
    </table>
    <div style="text-indent:3%">
      <p><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Inventories,
          net of reserves consisted of the following:</FONT></p>
    </div>
    <TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
      <TR>
        <TD><font size="1">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</FONT></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</FONT></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD><font size="1">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2004</FONT></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2003</FONT></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Raw materials</FONT></TD>
        <TD width=10% align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">70</FONT></b></TD>
        <TD width=2% align="right">&nbsp;</TD>
        <TD width=10% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">50</FONT></TD>
        <TD width=2%>&nbsp;</TD>
      </TR>
      <TR>
        <TD><font size=2 face="AdvTimes,Times New Roman,Times,serif">Work-in-process</font></TD>
        <TD align="right"><b><font size=2 face="AdvTimes,Times New Roman,Times,serif">874</font></b></TD>
        <TD align="right">&nbsp;</TD>
        <TD align="right"><font size=2 face="AdvTimes,Times New Roman,Times,serif">768</font></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><font size=2 face="AdvTimes,Times New Roman,Times,serif">Finished
            products</font></TD>
        <TD align="right"><b><font size=2 face="AdvTimes,Times New Roman,Times,serif">400</font></b></TD>
        <TD align="right">&nbsp;</TD>
        <TD align="right"><font size=2 face="AdvTimes,Times New Roman,Times,serif">311</font></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD align="right"><HR noshade size=1>
        </TD>
        <TD align="right">&nbsp;</TD>
        <TD align="right"><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD>&nbsp;&nbsp;<b>&nbsp;<font size=2 face="AdvTimes,Times New Roman,Times,serif">Total</font></b></TD>
        <TD align="right"><b><font size=2 face="AdvTimes,Times New Roman,Times,serif">1,344</font></b></TD>
        <TD align="right">&nbsp;</TD>
        <TD align="right"><font size=2 face="AdvTimes,Times New Roman,Times,serif"><b>1,129</b></font></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD align="right"><HR noshade size=2>
        </TD>
        <TD align="right">&nbsp;</TD>
        <TD align="right"><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
    </TABLE>
    <p align="center"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">F-18</FONT></p>
    <hr noshade align="center" width="100%" size=2>
    <div style="page-break-before:always"></div>
    <page><a name="pf19"></a>
    <p><a href="#index"><font size="2">Back to Index</font></a></p>
    <table width="100%" border="0" cellspacing="0" cellpadding="0">
      <tr valign="top">
        <td width="3%"><b><font size="2" face="AdvTimes,Times New Roman,Times,serif">8.</font></b></td>
        <td><b><font size="2" face="AdvTimes,Times New Roman,Times,serif">Other
              receivables and assets</font></b></td>
      </tr>
    </table>
    <div style="text-indent:3%">
      <p> <font size=2 face="AdvTimes,Times New Roman,Times,serif">Other receivables
          and assets consisted of the following:</font></p>
    </div>
    <TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
      <TR>
        <TD rowspan="3"><font size="1">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</FONT></b></TD>
        <TD rowspan="2"><font size="1">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</FONT></b></TD>
        <TD rowspan="3"><font size="1">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2004</FONT></b></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2003</FONT></b></TD>
      </TR>
      <TR>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Receivables
            from government agencies</FONT></TD>
        <TD width=10% align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">212</FONT></b></TD>
        <TD width=2%>&nbsp;</TD>
        <TD width=10% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">194</FONT></TD>
        <TD width=2%>&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Taxes and
            other government receivables</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">143</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">72</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Advances
            to suppliers</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">3</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">4</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Advances
            to employees</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">16</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">11</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Prepaid
            expenses</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">88</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">162</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Sundry debtors</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">85</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">83</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Foreign
            exchange forward contracts</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">200</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">38</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Other</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">38</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">52</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><b>&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Total</FONT></b></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">785</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">616</FONT></b></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
    </TABLE>
    <div style="text-indent:3%">
      <P align="left"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Receivables
          from government agencies relate to research and development contracts,
          industrialization contracts and capital investment projects.</FONT> </P>
    </div>
    <table width="100%" border="0" cellpadding="0" cellspacing="0">
      <tr valign="top">
        <td width="3%"><b><font size="2" face="AdvTimes,Times New Roman,Times,serif">9.</font></b></td>
        <td><b><font size=2 face="AdvTimes,Times New Roman,Times,serif">Goodwill</font></b></td>
      </tr>
    </table>
    <div style="text-indent:3%">
      <p> <font size=2 face="AdvTimes,Times New Roman,Times,serif">Changes in
          the carrying amount of goodwill were as follows:</font></p>
    </div>
    <TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
      <TR align="center">
        <TD rowspan="3">&nbsp;</TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Telecommunications,</FONT></b></TD>
        <TD rowspan="3">&nbsp;</TD>
        <TD rowspan="2">&nbsp;</TD>
        <TD rowspan="3">&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD rowspan="3">&nbsp;</TD>
        <TD rowspan="2">&nbsp;</TD>
        <TD rowspan="3">&nbsp;</TD>
        <TD rowspan="2">&nbsp;</TD>
        <TD rowspan="3">&nbsp;</TD>
      </TR>
      <TR align="center">
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Peripherals
              and</FONT></b></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Consumer
              and</FONT></b></TD>
      </TR>
      <TR align="center">
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Automotive</FONT></b></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Memory
              Products</FONT></b></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Microcontroller</FONT></b></TD>
        <TD><b><font size=1 face="AdvTimes,Times New Roman,Times,serif">Other</font></b></TD>
        <TD><b><font size=1 face="AdvTimes,Times New Roman,Times,serif">Total</font></b></TD>
      </TR>
      <TR align="center">
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">December
            31, 2002</FONT></TD>
        <TD width=12% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">101</FONT></TD>
        <TD width="2%">&nbsp;</TD>
        <TD width=10% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">20</FONT></TD>
        <TD width="2%">&nbsp;</TD>
        <TD width=10% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">32</FONT></TD>
        <TD width="2%">&nbsp;</TD>
        <TD width=10% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">6</FONT></TD>
        <TD width="2%">&nbsp;</TD>
        <TD width=10% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">159</FONT></TD>
        <TD width="2%">&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Acquisitions:</FONT></TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD>&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">PWI</FONT></TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">33</FONT></TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">33</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Tioga</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">6</FONT></TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">6</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD>&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Incard</FONT></TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">30</FONT></TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">30</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Synad</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">34</FONT></TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">34</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><div style="margin-left:3%; text-indent:-3%"><font size=2 face="AdvTimes,Times New Roman,Times,serif">Alcatel
              Microelectronics purchase price adjustment</font></div>
        </TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2</FONT></TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Foreign
            currency translation</FONT></TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1</FONT></TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">3</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">December
            31, 2003</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">143</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">85</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">33</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">6</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">267</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><font size=2 face="AdvTimes,Times New Roman,Times,serif">Synad purchase
            price adjustment</font></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(1</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(1</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">TouchChip
            spin-off</FONT></TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(3</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(3</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Foreign
            currency translation</FONT></TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">3</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(2</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">December
              31, 2004</FONT></b></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">142</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">88</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">31</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">3</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">264</FONT></b></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
    </TABLE>
    <P align="center"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">F-19</FONT> </P>
    <hr noshade align="center" width="100%" size=2>
    <div style="page-break-before:always"></div>
    <page><a name="pf20"></a>
    <p><a href="#index"><font size="2">Back to Index</font></a></p>
    <table width="100%" border="0" cellpadding="0" cellspacing="0">
      <tr valign="top">
        <td width="3%"><b><font size="2" face="AdvTimes,Times New Roman,Times,serif">10.</font></b></td>
        <td><b><font size=2 face="AdvTimes,Times New Roman,Times,serif">Intangible
              assets</font></b></td>
      </tr>
    </table>
    <div style="text-indent:3%">
      <p><font size=2 face="AdvTimes,Times New Roman,Times,serif">Intangible
          assets consisted of the following:</font></p>
    </div>
    <TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
      <TR align="center">
        <TD rowspan="5">&nbsp;</TD>
        <TD colspan="5"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31, 2004</FONT></b></TD>
        <TD rowspan="4">&nbsp;</TD>
      </TR>
      <TR align="center">
        <TD colspan="5">
          <HR noshade size=1>
        </TD>
      </TR>
      <TR align="center">
        <TD>&nbsp;</TD>
        <TD rowspan="2">&nbsp;</TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Accumulated</FONT></b></TD>
        <TD rowspan="2">&nbsp;</TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR align="center">
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Gross
              Cost</FONT></b></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Amortization</FONT></b></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Net Cost</FONT></b></TD>
      </TR>
      <TR align="center">
        <TD>
          <HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>
          <HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>
          <HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Technologies &amp; licenses</FONT></TD>
        <TD width=10% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">409</FONT></TD>
        <TD width=2%>&nbsp;</TD>
        <TD width=10% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(233</FONT></TD>
        <TD width=2%><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD width=10% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">176</FONT></TD>
        <TD width=2%>&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Internally
            developed software</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">104</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(37</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">67</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Purchased
            software</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">148</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(100</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">48</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;Total</FONT></b></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">661</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(370</FONT></b></TD>
        <TD><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></b></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">291</FONT></b></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR align="center">
        <TD rowspan="4">&nbsp;</TD>
        <TD colspan="5"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31, 2003</FONT></b></TD>
        <TD rowspan="5">&nbsp;</TD>
      </TR>
      <TR align="center">
        <TD colspan="5">
          <HR noshade size=1>
        </TD>
      </TR>
      <TR align="center">
        <TD>&nbsp;</TD>
        <TD rowspan="2">&nbsp;</TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Accumulated</FONT></b></TD>
        <TD rowspan="2">&nbsp;</TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR align="center">
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Gross
              Cost</FONT></b></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Amortization</FONT></b></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Net Cost</FONT></b></TD>
      </TR>
      <TR align="center">
        <TD>&nbsp;</TD>
        <TD>
          <HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>
          <HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>
          <HR noshade size=1>
        </TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Technologies &amp; licenses</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">378</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(156</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">222</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Internally
            developed software</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">78</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(22</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">56</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Purchased
            software</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">120</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(73</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">47</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;Total</FONT></b></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">576</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(251</FONT></b></TD>
        <TD><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></b></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">325</FONT></b></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
    </TABLE>
    <div style="text-indent:3%">
      <P> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">The aggregate
          amortization expense in 2004, 2003 and 2002 was $112 million, $103
          million and $67 million, respectively.</FONT> </P>
    </div>
    <div style="text-indent:3%">
      <P align="left"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">The
          estimated amortization expense of the existing intangible assets for
          the following years is:</FONT> </P>
    </div>
    <TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
      <TR valign="bottom">
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Year</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2005</FONT></TD>
        <TD width=2%>&nbsp;</TD>
        <TD width=10% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">112</FONT></TD>
        <TD width=2%>&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2006</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">92</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2007</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">56</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2008</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">24</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2009</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">5</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Thereafter</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><b><font size="2" face="AdvTimes,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;Total</font></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">291</FONT></b></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
      </TR>
    </TABLE>
    <table width="100%" border="0" cellpadding="0" cellspacing="0">
      <tr valign="top">
        <td width="3%"><b><font size="2" face="AdvTimes,Times New Roman,Times,serif">11.</font></b></td>
        <td><b><font size=2 face="AdvTimes,Times New Roman,Times,serif">Property,
              plant and equipment</font></b></td>
      </tr>
    </table>
    <div style="text-indent:3%">
      <p><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Property, plant
          and equipment consisted of the following:</FONT> </p>
    </div>
    <TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
      <TR align="center">
        <TD rowspan="5">&nbsp;</TD>
        <TD colspan=5><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31, 2004</FONT></b></TD>
        <TD rowspan="4"><font size="1">&nbsp;</font><font size="1">&nbsp;</font><font size="1">&nbsp;</font><font size="1">&nbsp;</font></TD>
      </TR>
      <TR align="center">
        <TD colspan=5>
          <HR noshade size=1>
        </TD>
      </TR>
      <TR align="center">
        <TD><font size="1">&nbsp;</font></TD>
        <TD rowspan="2"><font size="1">&nbsp;</font><font size="1">&nbsp;</font></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Accumulated</FONT></b></TD>
        <TD rowspan="2"><font size="1">&nbsp;</font><font size="1">&nbsp;</font></TD>
        <TD><font size="1">&nbsp;</font></TD>
      </TR>
      <TR align="center">
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Gross
              Cost</FONT></b></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Depreciation</FONT></b></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Net Cost</FONT></b></TD>
      </TR>
      <TR align="center">
        <TD>
          <HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>
          <HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>
          <HR noshade size=1>
        </TD>
        <TD><font size="1">&nbsp;</font></TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Land</FONT></TD>
        <TD width=10% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">93</FONT></TD>
        <TD width=2%>&nbsp;</TD>
        <TD width=10% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&#151;</FONT></TD>
        <TD width=2%>&nbsp;</TD>
        <TD width=10% align="right"><font size=2 face="AdvTimes,Times New Roman,Times,serif">93</font></TD>
        <TD width=2%>&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Buildings</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1,021</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(250</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">771</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Capitalized
            leases</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">66</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(31</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">35</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Facilities &amp; leasehold
            improvements</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2,763</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(1,187</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1,576</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Machinery
            and equipment</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">12,898</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(8,581</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">4,317</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Computer
            and R&amp;D equipment</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">516</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(382</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">134</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Other tangible
            fixed assets</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">125</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(108</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">17</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Construction
            in progress</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">499</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&#151;</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">499</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><b>&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Total</FONT></b></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">17,981</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(10,539</FONT></b></TD>
        <TD><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></b></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">7,442</FONT></b></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
    </TABLE>
    <P align="center"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">F-20</FONT> </P>
    <hr noshade align="center" width="100%" size=2>
    <div style="page-break-before:always"></div>
    <page><a name="pf21"></a>
    <p><a href="#index"><font size="2">Back to Index</font></a></p>
    <TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
      <TR align="center">
        <TD rowspan="5">&nbsp;</TD>
        <TD colspan=5><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31, 2003</FONT></b></TD>
        <TD rowspan="4">&nbsp;</TD>
      </TR>
      <TR align="center">
        <TD colspan=5>
          <HR noshade size=1>
        </TD>
      </TR>
      <TR align="center">
        <TD>&nbsp;</TD>
        <TD rowspan="2">&nbsp;</TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Accumulated</FONT></b></TD>
        <TD rowspan="2">&nbsp;</TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR align="center">
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Gross
              Cost</FONT></b></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Depreciation</FONT></b></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Net Cost</FONT></b></TD>
      </TR>
      <TR align="center">
        <TD>
          <HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>
          <HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>
          <HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Land</FONT></TD>
        <TD width=10% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">84</FONT></TD>
        <TD width=2%>&nbsp;</TD>
        <TD width=10% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&#151;</FONT></TD>
        <TD width=2%>&nbsp;</TD>
        <TD width=10% align="right"><font size=2 face="AdvTimes,Times New Roman,Times,serif">84</font></TD>
        <TD width=2%>&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Buildings</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">955</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(211</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">744</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Capitalized
            leases</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">61</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(24</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">37</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Facilities &amp; leasehold
            improvements</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2,368</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(892</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1,476</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Machinery
            and equipment</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">10,688</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(6,828</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">3,860</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Computer
            and R&amp;D equipment</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">449</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(330</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">119</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Other tangible
            fixed assets</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">121</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(92</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">29</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Construction
            in progress</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">271</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&#151;</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">271</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><b>&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Total</FONT></b></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">14,997</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(8,377</FONT></b></TD>
        <TD><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></b></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">6,620</FONT></b></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
    </TABLE>
    <div style="text-indent:3%">
      <P> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">The depreciation
          charge in 2004, 2003 and 2002 was $1,725 million, $1,505 million and
          $1,315 million, respectively.</FONT> </P>
    </div>
    <table width="100%" border="0" cellpadding="0" cellspacing="0" dwcopytype="CopyTableRow">
      <tr valign="top">
        <td width="3%"><b><font size="2" face="AdvTimes,Times New Roman,Times,serif">12.</font></b></td>
        <td><b><font size=2 face="AdvTimes,Times New Roman,Times,serif">Available-for-sale
              marketable securities</font></b></td>
      </tr>
    </table>
    <div style="text-indent:3%">
      <p><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">During 2003,
          the Company has classified certain marketable securities as available-for-sale,
          which relate to equity securities held as strategic investments in
          various companies. These marketable securities consisted of the following:</FONT> </p>
    </div>
    <TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
      <TR align="center">
        <TD rowspan="4"><font size="1">&nbsp;</font> <font size="1">&nbsp;</font><font size="1">&nbsp;</font> <font size="1">&nbsp;</font></TD>
        <TD colspan="7"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31, 2003</FONT></b></TD>
        <TD rowspan="4"><font size="1">&nbsp;</font><font size="1">&nbsp;</font><font size="1">&nbsp;</font><font size="1">&nbsp;</font></TD>
      </TR>
      <TR align="center">
        <TD colspan="7">
          <HR noshade size=1>
        </TD>
      </TR>
      <TR align="center">
        <TD><font size="1">&nbsp;</font></TD>
        <TD rowspan="2"><font size="1">&nbsp;</font><font size="1">&nbsp;</font></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Unrealized</FONT></b></TD>
        <TD rowspan="2"><font size="1">&nbsp;</font><font size="1">&nbsp;</font></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Unrealized</FONT></b></TD>
        <TD rowspan="2"><font size="1">&nbsp;</font><font size="1">&nbsp;</font></TD>
        <TD><font size="1">&nbsp;</font></TD>
      </TR>
      <TR align="center">
        <TD><font size="1"><b>&nbsp;&nbsp;&nbsp; <FONT face="AdvTimes,Times New Roman,Times,serif">Cost</FONT></b></font></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">gain</FONT></b></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">loss</FONT></b></TD>
        <TD><b><font size=1 face="AdvTimes,Times New Roman,Times,serif">Fair
              value</font></b></TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Equity securities &#150; non-current </FONT></TD>
        <TD width=10% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1</FONT></TD>
        <TD width=2% align="right">&nbsp;</TD>
        <TD width=10% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">3</FONT></TD>
        <TD width=2% align="right">&nbsp;</TD>
        <TD width=10% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&#151;</FONT></TD>
        <TD width=2% align="right">&nbsp;</TD>
        <TD width=10% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">4</FONT></TD>
        <TD width=2%>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
    </TABLE>
    <div style="text-indent:3%">
      <P> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">During 2004,
          all available-for-sale securities were sold. For fiscal years 2004,
          2003 and 2002, gross realized gains associated with the sale of the
          marketable securities were $5 million, $16 million and $1 million,
          respectively.</FONT> </P>
    </div>
    <table width="100%" border="0" cellpadding="0" cellspacing="0" dwcopytype="CopyTableRow">
      <tr valign="top">
        <td width="3%"><b><font size="2" face="AdvTimes,Times New Roman,Times,serif">13.</font></b></td>
        <td><b><font size=2 face="AdvTimes,Times New Roman,Times,serif">Investments
              and other non-current assets</font></b></td>
      </tr>
    </table>
    <div style="text-indent:3%">
      <p> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Investments
          and other non-current assets consisted of the following:</FONT> </p>
    </div>
    <TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
      <TR align="center">
        <TD rowspan="3">&nbsp;</TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</FONT></b></TD>
        <TD rowspan="2">&nbsp;</TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</FONT></b></TD>
        <TD rowspan="3">&nbsp;</TD>
      </TR>
      <TR align="center">
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2004</FONT></b></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2003</FONT></b></TD>
      </TR>
      <TR align="center">
        <TD>
          <HR noshade size=1>
        </TD>
        <TD>
          <HR noshade size=1>
        </TD>
        <TD>
          <HR noshade size=1>
        </TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Equity-method
            investments (see Note 5)</FONT></TD>
        <TD width=10% align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">6</FONT></b></TD>
        <TD width=2% align="right">&nbsp;</TD>
        <TD width=10% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&#151;</FONT></TD>
        <TD width=2%>&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Cost investments</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">34</FONT></b></TD>
        <TD align="right">&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">38</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Deposits
            and long-term receivables related to funding</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">69</FONT></b></TD>
        <TD align="right">&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">44</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Debt issuance
            costs, net</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">8</FONT></b></TD>
        <TD align="right">&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">17</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD align="right">
          <HR noshade size=1>
        </TD>
        <TD align="right">&nbsp;</TD>
        <TD align="right">
          <HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><b>&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Total</FONT></b></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">117</FONT></b></TD>
        <TD align="right">&nbsp;</TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">99</FONT></b></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD align="right">
          <HR noshade size=2>
        </TD>
        <TD align="right">&nbsp;</TD>
        <TD align="right">
          <HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
    </TABLE>
    <div style="text-indent:3%">
      <P align="left"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">The
          Company entered into a joint venture agreement in 2002 with Dai Nippon
          Printing Co, Ltd for the development and production of photomask in
          which the Company holds a 19% interest. The joint venture, DNP Photomask
          Europe S.p.A, was initially capitalized with the Company&#146;s contribution
          of &#8364;2 million of cash. Dai Nippon Printing Co, Ltd contributed &#8364;8
          million of cash for an 81% interest. In the event of the liquidation
          of the joint-venture, the Company is required to repurchase the land
          at cost, and the facility at 10% of its net book value, if no suitable
          buyer is identified. No provision for this obligation has been registered
          so far. At December 31, 2004, the Company&#146;s total contribution
          to the joint venture is $10 million. The Company continues to maintain
          its 19% ownership of the joint venture, and therefore continues to
          account for this investment under the cost method.</FONT></P>
    </div>
    <div style="text-indent:3%">
      <P> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">The Company
          has identified the joint venture relationship as a Variable Interest
          Entity (VIE), but has determined that it is not the primary beneficiary
          of the VIE. The Company estimates that no future loss exposure will
          result from the joint venture.</FONT></P>
    </div>
    <P align="center"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">F-21</FONT> </P>
    <hr noshade align="center" width="100%" size=2>
    <div style="page-break-before:always"></div>
    <font size="2"><page><a name="pf22"></a>
    <p><a href="#index">Back to Index</a></p>
    </font>
    <table width="100%%" border="0" cellspacing="0" cellpadding="0">
      <tr>
        <td width="3%"><b><font size=2 face="AdvTimes,Times New Roman,Times,serif">14.</font></b></td>
        <td><b><font size=2 face="AdvTimes,Times New Roman,Times,serif">Other
              payables and accrued liabilities</font></b></td>
      </tr>
      <tr>
        <td>&nbsp;</td>
        <td>&nbsp;</td>
      </tr>
      <tr>
        <td>&nbsp;</td>
        <td><font size="2" face="AdvTimes,Times New Roman,Times,serif">Other
            payables and accrued liabilities consisted of the following:</font></td>
      </tr>
      <tr>
        <td>&nbsp;</td>
        <td>&nbsp;</td>
      </tr>
    </table>
    <TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
      <TR>
        <TD rowspan="2"><font size="1">&nbsp;</font><font size="1">&nbsp;</font></TD>
        <TD height="15" align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</FONT></b></TD>
        <TD rowspan="2"><font size="1">&nbsp;</font><font size="1">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</FONT></b></TD>
        <TD rowspan="2"><font size="1">&nbsp;</font><font size="1">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2004</FONT></b></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2003</FONT></b></TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Taxes
            other than income taxes</FONT></TD>
        <TD width=10% align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">68</FONT></b></TD>
        <TD width=2% bgcolor="#eeeeee">&nbsp;</TD>
        <TD width=10% align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">55</FONT></TD>
        <TD width=2% bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Salaries
            and wages</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">261</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">235</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Social
            charges</FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">120</FONT></b></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">105</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Advances
            received on government fundings</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">25</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">32</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Commercial
            rebates</FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">3</FONT></b></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">21</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Royalties
            payable</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">32</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Foreign
            exchange forward contracts</FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">109</FONT></b></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">8</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Other</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">188</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">205</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><font size="2">&nbsp;&nbsp;<b>&nbsp;<FONT face="AdvTimes,Times New Roman,Times,serif">Total</FONT></b></font></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">776</FONT></b></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><b>693</b></FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
    </TABLE>
    <div style="text-indent:3%">
      <P> <font size="2" face="AdvTimes,Times New Roman,Times,serif">Other payables
          and accrued liabilities are composed of individually insignificant
          amounts at December 31, 2004 and 2003.</font> </P>
    </div>
    <P align="center"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">F-22</FONT> </P>
    <hr noshade align="center" width="100%" size=2>
    <div style="page-break-before:always"></div>
    <font size="2"><page><a name="pf23"></a>
    <p><a href="#index">Back to Index</a></p>
    </font>
    <table width="100%%" border="0" cellspacing="0" cellpadding="0">
      <tr>
        <td width="3%"><b><font size=2 face="AdvTimes,Times New Roman,Times,serif">15.</font></b></td>
        <td><b><font size=2 face="AdvTimes,Times New Roman,Times,serif">Retirement
              plans</font></b></td>
      </tr>
    </table>
    <div style="text-indent:3%">
      <p><font size="2" face="AdvTimes,Times New Roman,Times,serif">The Company
          and its subsidiaries have a number of defined benefit pension plans
          covering </font><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">employees
            in various countries. The plans provide for pension benefits, the
            amounts of which are calculated based on factors such as years of
            service and employee compensation levels. The Company uses a December
            31 measurement date for the majority of its plans. Eligibility is
            generally determined in accordance with local statutory requirements.</FONT></P>
    </div>
    <div style="text-indent:3%">
      <P align="left"> <font size="2" face="AdvTimes,Times New Roman,Times,serif">In
          2003, pursuant to the adoption of FAS 132R, the Company included all
          immediately required disclosures as at December 31, 2003. In 2004 the
          Company evaluated the required disclosures for all its foreign pension
          plans and included this additional information in its consolidated
          financial statements as at December 31, 2004. Additionally, certain
          revisions have been made to the 2003 presentation.</font></P>
    </div>
    <div style="text-indent:3%">
      <P align="left"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">The
          changes in benefit obligation and plan assets were as follows:</FONT> </P>
    </div>
    <TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
      <TR>
        <TD rowspan="2">&nbsp;</TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</FONT></b></TD>
        <TD rowspan="2">&nbsp;</TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</FONT></b></TD>
        <TD rowspan="2">&nbsp;</TD>
      </TR>
      <TR>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2004</FONT></b></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2003</FONT></b></TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><b>Change
              in benefit obligation:</b></FONT></TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Benefit
            obligation at beginning of year</FONT></TD>
        <TD width=10% align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">249</FONT></b></TD>
        <TD width=2% bgcolor="#eeeeee">&nbsp;</TD>
        <TD width=10% align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">192</FONT></TD>
        <TD width=2% bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Service
            cost</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">18</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">14</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Interest
            cost</FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">13</FONT></b></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">10</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Benefits
            paid</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(6</FONT></b></TD>
        <TD><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></b></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(2</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Actuarial
            losses</FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&#151;</FONT></b></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">11</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Foreign
            currency translation adjustments</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">15</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">22</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Other</FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(3</FONT></b></TD>
        <TD bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></b></TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><b>Benefit
              obligation at end of year</b></FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">286</FONT></b></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">249</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><b>Change
              in plan assets:</b></FONT></TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Plan
            assets at fair value at beginning of year</FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">150</FONT></b></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">109</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Actual return
            on plan assets</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">11</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">17</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Employer
            and participant contributions</FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">19</FONT></b></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">13</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Benefits
            paid</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(6</FONT></b></TD>
        <TD><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></b></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(2</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Actuarial
            losses</FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(2</FONT></b></TD>
        <TD bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></b></TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&#151;</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Foreign
            currency translation adjustments</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">9</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">13</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><b>Plan
              assets at fair value at end of year</b></FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">181</FONT></b></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">150</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Funded
            status</FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(105</FONT></b></TD>
        <TD bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></b></TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(99</FONT></TD>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Unrecognized
            prior service cost</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(3</FONT></b></TD>
        <TD><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></b></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">4</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Unrecognized
            transition obligation</FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(1</FONT></b></TD>
        <TD bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></b></TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(2</FONT></TD>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Unrecognized
            actuarial loss</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">60</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">65</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><b>Net
              amount recognized</b></FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(49</FONT></b></TD>
        <TD bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></b></TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(32</FONT></TD>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><b>Net amount
              recognized in the balance sheet consisted of the following:</b></FONT></TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Prepaid
            benefit cost</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Accrued
            benefit liability</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(93</FONT></b></TD>
        <TD><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></b></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(73</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Intangible
            asset</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Accumulated
            other comprehensive income</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">41</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">37</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><b>Net
              amount recognized</b></FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(49</FONT></b></TD>
        <TD bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></b></TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(32</FONT></TD>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
    </TABLE>
    <div style="text-indent:3%">
      <P> <font size="2" face="AdvTimes,Times New Roman,Times,serif">The projected
          benefit obligation, accumulated benefit obligation, and fair value
          of plan assets for the pension plans with accumulated benefit obligations
          in excess of plan assets were $251 million, $216 million and $147 million,
          respectively, as of December 31, 2004 and $222 million, $186 million
          and $124 million, respectively, as of December 31, 2003.</font></P>
    </div>
    <P align="center"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">F-23</FONT> </P>
    <hr noshade align="center" width="100%" size=2>
    <div style="page-break-before:always"></div>
    <font size="2"><page><a name="pf24"></a>
    <p><a href="#index">Back to Index</a></p>
    </font>
    <div style="text-indent:3%">
      <P> <font size="2" face="AdvTimes,Times New Roman,Times,serif">The weighted
          average assumptions used in the determination of the benefit obligations
          were as follows:</font> </P>
    </div>
    <TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
      <TR>
        <TD rowspan="2">&nbsp;</TD>
        <TD width="2%" rowspan="3">&nbsp;</TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Year
              ended</FONT></b></TD>
        <TD width="2%" rowspan="3">&nbsp;</TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Year
              ended</FONT></b></TD>
        <TD width="2%" rowspan="3">&nbsp;</TD>
      </TR>
      <TR>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</FONT></b></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</FONT></b></TD>
      </TR>
      <TR>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Assumptions</FONT></b></TD>
        <TD width=10% align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2004</FONT></b></TD>
        <TD width=10% align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2003</FONT></b></TD>
      </TR>
      <TR>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Discount
            rate</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">5.02</FONT></b></TD>
        <TD><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">%</FONT></b></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">5.25</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">%</FONT></TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Salary increase
            rate</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">3.34</FONT></b></TD>
        <TD><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">%</FONT></b></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">3.34</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">%</FONT></TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
    </TABLE>
    <div style="text-indent:3%">
      <P> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">The components
          of the net periodic benefit cost included the following:</FONT> </P>
    </div>
    <TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
      <TR>
        <TD rowspan="3"><font size="1">&nbsp;</font><font size="1">&nbsp;</font><font size="1">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Year
              ended</FONT></b></TD>
        <TD rowspan="3">&nbsp;</TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Year
              ended</FONT></b></TD>
        <TD rowspan="3">&nbsp;</TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Year
              ended</FONT></b></TD>
        <TD rowspan="3"><font size="1">&nbsp;</font><font size="1">&nbsp;</font><font size="1">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</FONT></b></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</FONT></b></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</FONT></b></TD>
      </TR>
      <TR>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2004</FONT></b></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2003</FONT></b></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2002</FONT></b></TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Service
            cost</FONT></TD>
        <TD width=10% align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">18</FONT></b></TD>
        <TD width=2%>&nbsp;</TD>
        <TD width=10% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">14</FONT></TD>
        <TD width=2%>&nbsp;</TD>
        <TD width=10% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">11</FONT></TD>
        <TD width=2%>&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Interest
            cost</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">13</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">10</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">9</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Expected
            return on plan assets</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(11</FONT></b></TD>
        <TD><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></b></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(7</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(8</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Amortization
            of unrecognized transition obligation</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&#151;</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&#151;</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&#151;</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Amortization
            of net loss</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">8</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Amortization
            of prior service cost</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><b>Net periodic
              benefit cost</b></FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">29</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">20</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">14</FONT></b></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
    </TABLE>
    <div style="text-indent:3%">
      <P> <font size="2" face="AdvTimes,Times New Roman,Times,serif">The weighted
          average assumptions used in the determination of the net periodic benefit
          cost for the pension plans were as follows:</font> </P>
    </div>
    <TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
      <TR>
        <TD rowspan="2">&nbsp;</TD>
        <TD rowspan="3">&nbsp;</TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Year
              ended</FONT></b></TD>
        <TD rowspan="3">&nbsp;</TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Year
              ended</FONT></b></TD>
        <TD rowspan="3">&nbsp;</TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Year
              ended</FONT></b></TD>
        <TD rowspan="3">&nbsp;</TD>
      </TR>
      <TR>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</FONT></b></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</FONT></b></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</FONT></b></TD>
      </TR>
      <TR>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Assumptions</FONT></b></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2004</FONT></b></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2003</FONT></b></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2002</FONT></b></TD>
      </TR>
      <TR>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Discount
            rate</FONT></TD>
        <TD width="2%">&nbsp;</TD>
        <TD width=10% align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">5.25</FONT></b></TD>
        <TD width=2%><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">%</FONT></b></TD>
        <TD width=10% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">5.58</FONT></TD>
        <TD width=2%><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">%</FONT></TD>
        <TD width=10% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">5.76</FONT></TD>
        <TD width=2%><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">%</FONT></TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Salary increase
            rate</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">3.34</FONT></b></TD>
        <TD><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">%</FONT></b></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">3.45</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">%</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">3.56</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">%</FONT></TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Expected
            long-term rate of return on funds</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">6.44</FONT></b></TD>
        <TD><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">%</FONT></b></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">6.75</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">%</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">7.08</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">%</FONT></TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
    </TABLE>
    <div style="text-indent:3%">
      <P align="left"> <font size="2" face="AdvTimes,Times New Roman,Times,serif">The
          discount rate was determined by comparison against long-term corporate
          bond rates and discount rates used by similar companies. In developing
          the expected long-term rate of return on assets, the Company considered
          the pensions portfolio&#146;s past average rate of earnings, discussions
          with portfolio managers and comparisons with similar companies.</font></P>
    </div>
    <div style="text-indent:3%">
      <P align="left"> <font size="2" face="AdvTimes,Times New Roman,Times,serif">The
          Company pension plan asset allocation at December 31, 2004 and 2003
          and target allocation for 2005 are as follows:</font> </P>
      <p>
    </div>
    <TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
      <TR>
        <TD rowspan="3">&nbsp;</TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Target</FONT></b></TD>
        <TD width="2%" rowspan="4">&nbsp;</TD>
        <TD colspan=3 align="center"><b><font size=1 face="AdvTimes,Times New Roman,Times,serif">Percentage
              of Plan Assets at</font></b></TD>
        <TD width="2%" rowspan="4">&nbsp;</TD>
      </TR>
      <TR>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">allocation</FONT></b></TD>
        <TD colspan="3" align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December</FONT></b></TD>
      </TR>
      <TR>
        <TD><HR noshade size=1>
        </TD>
        <TD colspan="3"><HR noshade size=1>
        </TD>
      </TR>
      <TR>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Asset
              Category</FONT></b></TD>
        <TD width=10% align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2005</FONT></b></TD>
        <TD width=10% align="center"><b><font size=1 face="AdvTimes,Times New Roman,Times,serif">2004</font></b></TD>
        <TD width=2% align="center">&nbsp;</TD>
        <TD width=10% align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2003</FONT></b></TD>
      </TR>
      <TR>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><hr noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Equity securities</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">57</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">%</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">59</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">%</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">41</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">%</FONT></TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Fixed income
            securities</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">39</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">%</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">38</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">%</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">55</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">%</FONT></TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Real estate</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">%</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">%</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">%</FONT></TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Other</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">%</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">%</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">%</FONT></TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><b>Total</b></FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">100</FONT></b></TD>
        <TD><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">%</FONT></b></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">100</FONT></b></TD>
        <TD><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">%</FONT></b></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">100</FONT></b></TD>
        <TD><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">%</FONT></b></TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
    </TABLE>
    <div style="text-indent:3%">
      <P align="left"> <font size="2" face="AdvTimes,Times New Roman,Times,serif">The
          Company&#146;s investment strategy for its pension plans is to maximize
          the long-term rate of return on plan assets with an acceptable level
          of risk in order to minimize the cost of providing pension benefits
          while maintaining adequate funding levels. The Company&#146;s practice
          is to periodically conduct a strategic review of its assets allocation
          strategy. A portion of the fixed income allocation is reserved in short-term
          cash to provide for expected benefits to be paid. The Company&#146;s
          equity portfolios are managed in such a way as to achieve optimal diversity.
          The Company does not manage any assets internally and does not utilize
          hedging, future or derivative instruments.</font></P>
    </div>
    <div style="text-indent:3%">
      <P align="left"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">After
          considering the funded status of the Company&#146;s defined benefit
          plans, movements in the discount rate, investment performance and related
          tax consequences, the Company may choose to make contributions to</FONT></P>
    </div>
    <P align="center"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">F-24</FONT> </P>
    <hr noshade align="center" width="100%" size=2>
    <div style="page-break-before:always"></div>
    <page><a name="pf25"></a>
    <p><font size="2"><a href="#index">Back to Index</a></font></p>
    <P><FONT size=2 face="AdvTimes,Times New Roman,Times,serif"> its pension
        plans in any given year. The Company contributions to plan assets were
        $17 million and $12 million in 2004 and 2003 respectively. The Company
        expects to contribute cash of $20 million in 2005.</FONT></P>
    <div style="text-indent:3%">
      <P><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">The Company&#146;s
          estimated future benefit payments as of December 31, 2004 are as follows:</FONT></P>
    </div>
    <TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
      <TR>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Estimated</FONT></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">future
              benefit</FONT></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Year</FONT></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">payments</FONT></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD><HR noshade size=1>
        </TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><font size="1">&nbsp;</font></TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2005</FONT></TD>
        <TD width=2%><font size="2">&nbsp;</font></TD>
        <TD width=10% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">11</FONT></TD>
        <TD width=2%><font size="2">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2006</FONT></TD>
        <TD><font size="2">&nbsp;</font></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">7</FONT></TD>
        <TD><font size="2">&nbsp;</font></TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2007</FONT></TD>
        <TD><font size="2">&nbsp;</font></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">7</FONT></TD>
        <TD><font size="2">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2008</FONT></TD>
        <TD><font size="2">&nbsp;</font></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">8</FONT></TD>
        <TD><font size="2">&nbsp;</font></TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2009</FONT></TD>
        <TD><font size="2">&nbsp;</font></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">8</FONT></TD>
        <TD><font size="2">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">From 2010
            to 2014</FONT></TD>
        <TD><font size="2">&nbsp;</font></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">58</FONT></TD>
        <TD><font size="2">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD><font size="2">&nbsp;</font></TD>
        <TD><font size="2">&nbsp;</font></TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><font size="2">&nbsp;</font></TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="AdvTimes,Times New Roman,Times,serif"><b>Total</b></FONT></font></TD>
        <TD><font size="2">&nbsp;</font></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">99</FONT></TD>
        <TD><font size="2">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD><font size="2">&nbsp;</font></TD>
        <TD><font size="2">&nbsp;</font></TD>
        <TD><HR noshade size=2>
        </TD>
        <TD><font size="2">&nbsp;</font></TD>
      </TR>
    </TABLE>
    <div style="text-indent:3%">
      <P> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">The Company
          also has defined contribution pension plans, which provide retirement
          and other service benefits to certain of its employees. The benefits
          accrued to the employees on a pro-rata basis, adjusted for inflation,
          during their employment period are based on the individuals&#146; salaries.
          As of December 31, 2004 and 2003, the Company accrued $200 million
          and $174 million, respectively, for these defined contribution pension
          plans. The annual cost of these plans amounted to approximately $60
          million, $51 million and $53 million in 2004, 2003 and 2002, respectively.</FONT></P>
    </div>
    <table width="100%" border="0" cellspacing="0" cellpadding="0">
      <tr valign="top">
        <td width="3%"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><b>16.</b></FONT></td>
        <td><b><font size=2 face="AdvTimes,Times New Roman,Times,serif">Long-term
              debt</font></b></td>
      </tr>
    </table>
    <div style="text-indent:3%">
      <P><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Long-term debt
          consisted of the following:</FONT></P>
    </div>
    <TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
      <TR>
        <TD><font size="1">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</FONT></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</FONT></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD><font size="1">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2004</FONT></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2003</FONT></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><font size="1">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Bank
              loans:</FONT></b></TD>
        <TD><font size="2">&nbsp;</font></TD>
        <TD><font size="2">&nbsp;</font></TD>
        <TD><font size="2">&nbsp;</font></TD>
        <TD><font size="2">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2.52%
            (weighted average), due 2007, fixed interest rate</FONT></TD>
        <TD width=10% align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">153</FONT></b></TD>
        <TD width=2% bgcolor="#eeeeee"><font size="2">&nbsp;</font></TD>
        <TD width=10% align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">147</FONT></TD>
        <TD width=2% bgcolor="#eeeeee"><font size="2">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2.46% (weighted
            average), due 2006, floating interest rate at Libor + 0.30</FONT></TD>
        <TD align="right"><b><font size=2 face="AdvTimes,Times New Roman,Times,serif">105</font></b></TD>
        <TD><font size="2">&nbsp;</font></TD>
        <TD align="right"><font size=2 face="AdvTimes,Times New Roman,Times,serif">146</font></TD>
        <TD><font size="2">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">3.90%
            (weighted average), due 2007, variable interest rate</FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">44</FONT></b></TD>
        <TD bgcolor="#eeeeee"><font size="2">&nbsp;</font></TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">55</FONT></TD>
        <TD bgcolor="#eeeeee"><font size="2">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD><font size="2">&nbsp;</font></TD>
        <TD><font size="2">&nbsp;</font></TD>
        <TD><font size="2">&nbsp;</font></TD>
        <TD><font size="2">&nbsp;</font></TD>
        <TD><font size="2">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Funding
              program loans:</FONT></b></TD>
        <TD><font size="2">&nbsp;</font></TD>
        <TD><font size="2">&nbsp;</font></TD>
        <TD><font size="2">&nbsp;</font></TD>
        <TD><font size="2">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1.09%
            (weighted average), due 2009, fixed interest rate</FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">102</FONT></b></TD>
        <TD bgcolor="#eeeeee"><font size="2">&nbsp;</font></TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">87</FONT></TD>
        <TD bgcolor="#eeeeee"><font size="2">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">0.83% (weighted
            average), due 2017, fixed interest rate</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">55</FONT></b></TD>
        <TD><font size="2">&nbsp;</font></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&#151;</FONT></TD>
        <TD><font size="2">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">3.43%
            (weighted average), due 2012, fixed interest rate</FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">14</FONT></b></TD>
        <TD bgcolor="#eeeeee"><font size="2">&nbsp;</font></TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">14</FONT></TD>
        <TD bgcolor="#eeeeee"><font size="2">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">5.35% (weighted
            average), due 2006, fixed interest rate</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">13</FONT></b></TD>
        <TD><font size="2">&nbsp;</font></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">20</FONT></TD>
        <TD><font size="2">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Capital
              leases:</FONT></b></TD>
        <TD><font size="2">&nbsp;</font></TD>
        <TD><font size="2">&nbsp;</font></TD>
        <TD><font size="2">&nbsp;</font></TD>
        <TD><font size="2">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">4,79%,
            due 2011, fixed interest rate</FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">35</FONT></b></TD>
        <TD bgcolor="#eeeeee"><font size="2">&nbsp;</font></TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">37</FONT></TD>
        <TD bgcolor="#eeeeee"><font size="2">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Convertible
              debt:</FONT></b></TD>
        <TD><font size="2">&nbsp;</font></TD>
        <TD><font size="2">&nbsp;</font></TD>
        <TD><font size="2">&nbsp;</font></TD>
        <TD><font size="2">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2.44%
            Liquid Yield Option Notes (LYONs) due 2009</FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><b>&#151;</b></FONT></TD>
        <TD bgcolor="#eeeeee"><font size="2">&nbsp;</font></TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">799</FONT></TD>
        <TD bgcolor="#eeeeee"><font size="2">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">3.75% convertible
            bonds due 2010</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&#151;</FONT></b></TD>
        <TD><font size="2">&nbsp;</font></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">366</FONT></TD>
        <TD><font size="2">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">-0.50%
            convertible bonds due 2013</FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1,379</FONT></b></TD>
        <TD bgcolor="#eeeeee"><font size="2">&nbsp;</font></TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1,379</FONT></TD>
        <TD bgcolor="#eeeeee"><font size="2">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD><font size="2">&nbsp;</font></TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><font size="2">&nbsp;</font></TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><font size="2">&nbsp;</font></TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Total long-term
            debt</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1,900</FONT></b></TD>
        <TD><font size="2">&nbsp;</font></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">3,050</FONT></TD>
        <TD><font size="2">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Less current
            portion</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">133</FONT></b></TD>
        <TD><font size="2">&nbsp;</font></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">106</FONT></TD>
        <TD><font size="2">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD><font size="2">&nbsp;</font></TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><font size="2">&nbsp;</font></TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><font size="2">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><font size="2"><b>&nbsp;&nbsp;&nbsp;<FONT face="AdvTimes,Times New Roman,Times,serif">&nbsp;&nbsp;Total
                long-term debt, less current portion</FONT></b></font></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1,767</FONT></b></TD>
        <TD bgcolor="#eeeeee"><font size="2">&nbsp;</font></TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2,944</FONT></TD>
        <TD bgcolor="#eeeeee"><font size="2">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD><font size="2">&nbsp;</font></TD>
        <TD><HR noshade size=2>
        </TD>
        <TD><font size="2">&nbsp;</font></TD>
        <TD><HR noshade size=2>
        </TD>
        <TD><font size="2">&nbsp;</font></TD>
      </TR>
    </TABLE>
    <P align="center"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">F-25</FONT></P>
    <hr noshade align="center" width="100%" size=2>
    <div style="page-break-before:always"></div>
    <page><a name="pf26"></a>
    <p><font size="2"><a href="#index">Back to Index</a></font></p>
    <div style="text-indent:3%">
      <P><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Long-term debt
          is denominated in the following currencies:</FONT></P>
    </div>
    <TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
      <TR>
        <TD><font size="1">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</FONT></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</FONT></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD><font size="1">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2004</FONT></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2003</FONT></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><font size="1">&nbsp;</font></TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">U.S. dollar</FONT></TD>
        <TD width=10% align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1,404</FONT></b></TD>
        <TD width=2%><font size="2">&nbsp;</font></TD>
        <TD width=10% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2,574</FONT></TD>
        <TD width=2%><font size="2">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Euro</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">324</FONT></b></TD>
        <TD><font size="2">&nbsp;</font></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">304</FONT></TD>
        <TD><font size="2">&nbsp;</font></TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Singapore
            dollar</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">153</FONT></b></TD>
        <TD><font size="2">&nbsp;</font></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">148</FONT></TD>
        <TD><font size="2">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Other</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">19</FONT></b></TD>
        <TD><font size="2">&nbsp;</font></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">24</FONT></TD>
        <TD><font size="2">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD><font size="2">&nbsp;</font></TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><font size="2">&nbsp;</font></TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><font size="2">&nbsp;</font></TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="AdvTimes,Times New Roman,Times,serif"><b>Total</b></FONT></font></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1,900</FONT></b></TD>
        <TD><font size="2">&nbsp;</font></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">3,050</FONT></TD>
        <TD><font size="2">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD><font size="2">&nbsp;</font></TD>
        <TD><HR noshade size=2>
        </TD>
        <TD><font size="2">&nbsp;</font></TD>
        <TD><HR noshade size=2>
        </TD>
        <TD><font size="2">&nbsp;</font></TD>
      </TR>
    </TABLE>
    <div style="text-indent:3%">
      <P><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Aggregate future
          maturities of long-term debt outstanding are as follows:</FONT></P>
    </div>
    <TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
      <TR>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</FONT></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2004</FONT></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><font size="1">&nbsp;</font></TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2005</FONT></TD>
        <TD width=2%>&nbsp;</TD>
        <TD width=10% align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">133</FONT></b></TD>
        <TD width=2%>&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2006</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">145</FONT></b></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2007</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">115</FONT></b></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2008</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">29</FONT></b></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2009</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">27</FONT></b></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Thereafter</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1,451</FONT></b></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><b>Total</b></FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1,900</FONT></b></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
    </TABLE>
    <div style="text-indent:3%">
      <P><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">In September
          1999, the Company issued $919 million principal amount at maturity
          of zero-coupon subordinated convertible notes (LYONs), due 2009 bearing
          an interest rate of 2.44%, for net proceeds of $708 million. The notes
          were convertible at any time by the holders at the rate of 26.292 shares
          of the Company&#146;s common stock for each one thousand dollar face
          value of the notes. On September 22, 2004, according to the one-time
          optional redemption right of holders, the Company was required to redeem
          approximately $910 million nominal value of its outstanding LYONs,
          or 99% of the total issuance, for approximately $806 million in cash.
          The Company redeemed the remaining outstanding notes amounting to $7
          million for cash at their accreted value in the last quarter of 2004.</FONT></P>
    </div>
    <div style="text-indent:3%">
      <P><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">In November
          2000, the Company issued $2,146 million principal amount at maturity
          of zero-coupon unsubordinated convertible bonds, due 2010 bearing an
          interest rate of 3.75%, for net proceeds of $1,458 million. The bonds
          were convertible at any time by the holders at the rate of 9.32 shares
          of the Company&#146;s common stock for each one thousand dollar face
          value of the bonds. In 2003, the Company repurchased on the market
          approximately $1,674 million aggregate principal amount at maturity
          for a total cash amount of $1,304 million. In 2004, the Company completed
          the repurchase of the remaining bonds for a total cash amount of $375
          million. See Note 23.</FONT></P>
    </div>
    <div style="text-indent:3%">
      <P><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">In August 2003,
          the Company issued $1,332 million principal amount at maturity of zero
          coupon unsubordinated convertible bonds due 2013. The bonds were issued
          with a negative yield of 0.5% that resulted in a higher principal amount
          at issuance of $1,400 million and net proceeds of $1,386 million. The
          negative yield through the first redemption right of the holder totals
          $21 million and has been recorded in capital surplus. The bonds are
          convertible at any time by the holders at the rate of 29.9144 shares
          of the Company&#146;s common stock for each one thousand dollar face
          value of the bonds. The holders may redeem their convertible bonds
          on August 5, 2006 at a price of $985.09, on August 5, 2008 at $975.28
          and on August 5, 2010 at $965.56 per one thousand dollar face value
          of the notes. At any time from August 20, 2006 the Company may redeem
          for cash at their negative accreted value all or a portion of the convertible
          bonds subject to the level of the Company&#146;s share price.</FONT></P>
    </div>
    <div style="text-indent:3%">
      <P><i><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Credit facilities</FONT></i></P>
    </div>
    <div style="text-indent:3%">
      <P><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">The Company
          has revolving line of credit agreements with several financial institutions
          totalling $1,541 million at December 31, 2004. At December 31, 2004,
          amounts available under the lines of credit were reduced by borrowings
          of $58 million at an average interest rate of 2.29%.</FONT></P>
    </div>
    <P align="center"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">F-26</FONT></P>
    <hr noshade align="center" width="100%" size=2>
    <div style="page-break-before:always"></div>
    <page><a name="pf27"></a>
    <p><font size="2"><a href="#index">Back to Index</a></font></p>
    <table width="100%" border="0" cellspacing="0" cellpadding="0">
      <tr valign="top">
        <td width="3%"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><b>17.</b></FONT></td>
        <td colspan="2"><b><font size=2 face="AdvTimes,Times New Roman,Times,serif">Shareholders&#146; equity</font></b></td>
      </tr>
      <tr valign="top">
        <td>&nbsp;</td>
        <td colspan="2">&nbsp;</td>
      </tr>
      <tr valign="top">
        <td>&nbsp;</td>
        <td width="6%"><font size=2 face="AdvTimes,Times New Roman,Times,serif"><i>17.1</i></font></td>
        <td><i><font size=2 face="AdvTimes,Times New Roman,Times,serif">Outstanding
              shares</font></i></td>
      </tr>
    </table>
    <div style="text-indent:3%">
      <P><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">The authorized
          share capital of the Company is EUR 1,810 million consisting of 1,200,000,000
          common shares and 540,000,000 preference shares, each with a nominal
          value of EUR 1.04. As of December 31, 2004 the number of shares of
          common stock issued was 905,308,997 shares (902,769,734 at December
          31, 2003).</FONT></P>
    </div>
    <div style="text-indent:3%">
      <P><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">As of December
          31, 2004 the number of shares of common stock outstanding was 891,908,997
          (889,369,734 at December 31, 2003).</FONT></P>
    </div>
    <table width="100%" border="0" cellspacing="0" cellpadding="0">
      <tr valign="top">
        <td width="3%">&nbsp;</td>
        <td width="6%"><font size=2 face="AdvTimes,Times New Roman,Times,serif"><i>17.2</i></font></td>
        <td><font size=2 face="AdvTimes,Times New Roman,Times,serif"><i>Preference
              shares</i></font></td>
      </tr>
    </table>
    <div style="text-indent:3%">
      <P><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">The 540,000,000
          preference shares entitle a holder to full voting rights and to a preferential
          right to dividends and distributions upon liquidation. The Company
          holds an option agreement with STMicroelectronics Holding II B.V. in
          order to protect the Company from a hostile takeover or other similar
          action. The option agreement provides for 540,000,000 preference shares
          to be issued to STMicroelectronics Holding II B.V. upon their request
          based on approval by the Company&#146;s Supervisory Board. STMicroelectronics
          Holding II B.V. would be required to pay at least 25% of the par value
          of the preference shares to be issued, and to retain ownership of at
          least 30% of the Company&#146;s issued share capital. There were no
          preference shares issued as of December 31, 2004. An amendment has
          been signed in November 2004 which reduced the threshold required for
          STMicroelectronics Holding II B.V. to exercise its preference shares
          of the Company down to 19% issued share capital from the previous at
          least 30%.</FONT></P>
    </div>
    <table width="100%" border="0" cellspacing="0" cellpadding="0">
      <tr valign="top">
        <td width="3%">&nbsp;</td>
        <td width="6%"><font size=2 face="AdvTimes,Times New Roman,Times,serif"><i>17.3</i></font></td>
        <td><i><font size=2 face="AdvTimes,Times New Roman,Times,serif">Treasury
              shares</font></i></td>
      </tr>
    </table>
    <div style="text-indent:3%">
      <P><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">As of December
          31, 2004 13,400,000 shares of common stock totalling $348 million have
          been repurchased and reflected at cost as a reduction of shareholders&#146; equity.
          No treasury shares were acquired in 2003 and 2004. The repurchased
          shares have been designated to be used for the Company&#146;s most
          recent employee stock option plan.</FONT></P>
    </div>
    <table width="100%" border="0" cellspacing="0" cellpadding="0">
      <tr valign="top">
        <td width="3%">&nbsp;</td>
        <td width="6%"><font size=2 face="AdvTimes,Times New Roman,Times,serif"><i>17.4</i></font></td>
        <td><i><font size=2 face="AdvTimes,Times New Roman,Times,serif">Stock
              option plans</font></i></td>
      </tr>
    </table>
    <div style="text-indent:3%">
      <P><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">In 1995, the
          Shareholders voted to adopt the 1995 Employee Stock Option Plan (the &#145;&#145;1995
          Plan&#146;&#146;) whereby options for up to 33,000,000 shares may be
          granted in installments over a five-year period. Under the 1995 Plan,
          the options may be granted to purchase shares of common stock at a
          price not lower than the market price of the shares on the date of
          grant. Under the 1995 Plan, at December 31, 2004, 12,922,297 of the
          granted options outstanding vest 50% after three years and 50% after
          four years following the date of the grant; 6,666,530 of the granted
          options vest 32% after two years, 32% after three years and 36% after
          four years following the date of the grant. The options expire 10 years
          after the date of grant.</FONT></P>
    </div>
    <div style="text-indent:3%">
      <P><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">In 1996, the
          Shareholders voted to adopt the Supervisory Board Option Plan whereby
          each member of the Supervisory Board was eligible to receive, during
          the three-year period 1996-1998, 18,000 options for 1996 and 9,000
          options for both 1997 and 1998, to purchase shares of common stock
          at the closing market price of the shares on the date of the grant.
          In the same three-year period, the professional advisors to the Supervisory
          Board were eligible to receive 9,000 options for 1996 and 4,500 options
          for both 1997 and 1998. Under the Plan, the options vest over one year
          and are exercisable for a period expiring eight years from the date
          of grant.</FONT></P>
    </div>
    <div style="text-indent:3%">
      <P><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">In 1999, the
          Shareholders voted to renew the Supervisory Board Option Plan whereby
          each member of the Supervisory Board may receive, during the three-year
          period 1999-2001, 18,000 options for 1999 and 9,000 options for both
          2000 and 2001, to purchase shares of capital stock at the closing market
          price of the shares on the date of the grant. In the same three-year
          period, the professional advisors to the Supervisory Board may receive
          9,000 options for 1999 and 4,500 options for both 2000 and 2001. Under
          the Plan, the options vest over one year and are exercisable for a
          period expiring eight years from the date of grant.</FONT></P>
    </div>
    <div style="text-indent:3%">
      <P><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">In 2001, the
          Shareholders voted to adopt the 2001 Employee Stock Option Plan (the &#145;&#145;2001
          Plan&#146;&#146;) whereby options for up to 60,000,000 shares may be
          granted in installments over a five-year period. The options may be
          granted to purchase shares of common stock at a price not lower than
          the market price of the shares on the date of grant. Under the 2001
          Plan at December 31, 2004, 3,241,395 of the granted options outstanding
          vest 50% after one year and 50% after two years following the date
          of the grant; 41,831,485 of the granted options vest 32% after two
          years, 32% after three years and 36% after four years following the
          date of the grant. The options expire ten years after the date of grant.</FONT></P>
    </div>
    <P align="center"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">F-27</FONT></P>
    <hr noshade align="center" width="100%" size=2>
    <div style="page-break-before:always"></div>
    <page><a name="pf28"></a>
    <p><font size="2"><a href="#index">Back to Index</a></font></p>
    <div style="text-indent:3%">
      <P><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">In 2002, the
          Shareholders voted to adopt a Stock Option Plan for Supervisory Board
          Members and Professionals of the Supervisory Board. Under this plan,
          12,000 options can be granted per year to each member of the Supervisory
          Board and 6,000 options per year to each professional advisor to the
          Supervisory Board. Options will vest 30 days after the date of grant.
          The options expire ten years after the date of grant. As at December
          31, 2004, 762,500 of the granted options were outstanding.</FONT></P>
    </div>
    <div style="text-indent:3%">
      <P><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">A summary of
          stock option activity for the plans for the three years ended December
          31, 2004, 2003 and 2002 follows:</FONT> </P>
    </div>
    <TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
      <TR>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD colspan="3" align="center"><b><font size=1 face="AdvTimes,Times New Roman,Times,serif">Price
              Per Share</font></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><font size="1">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD><font size="1">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Number
              of</FONT></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD align="center"><b><font size=1 face="AdvTimes,Times New Roman,Times,serif">Weighted</font></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD><font size="1">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Shares</FONT></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Range</FONT></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD align="center"><b><font size=1 face="AdvTimes,Times New Roman,Times,serif">Average</font></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><font size="1">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Outstanding
            at December 31, 2001</FONT></TD>
        <TD width=10% align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">34,671,601</FONT></TD>
        <TD width=2% bgcolor="#eeeeee">&nbsp;</TD>
        <TD width=10% align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">$6.04
            - $62.01</FONT></TD>
        <TD width=2% bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&nbsp; </FONT></TD>
        <TD width="10%" align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">$32.22</FONT></TD>
        <TD width=2% bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Options
            granted:</FONT></TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee">&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2001
            Plan</FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">13,751,393</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">$20.02
            - $33.70</FONT></TD>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&nbsp; </FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">$30.88</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Supervisory
            Board Plan</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">132,000</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">$31.11</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">$31.11</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Options
            cancelled</FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(1,124,788</FONT></TD>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">$6.04
            - $62.01</FONT></TD>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&nbsp; </FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">$36.21</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Options
            exercised</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(612,445</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">$6.04
            - $24.88</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&nbsp; </FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">$10.88</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD align="right">&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD align="right">&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD align="right">&nbsp;</TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Outstanding
            at December 31, 2002</FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">46,817,761</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">$6.04
            - $62.01</FONT></TD>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&nbsp; </FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">$32.01</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Options
            granted:</FONT></TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee">&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2001
            Plan</FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">11,976,310</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">$19.18
            - $25.90</FONT></TD>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&nbsp; </FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">$19.35</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Supervisory
            Board Plan</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">132,000</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">$19.18</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">$19.18</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Options
            cancelled</FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(898,456</FONT></TD>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">$6.04
            - $62.01</FONT></TD>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&nbsp; </FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">$37.09</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Options
            exercised</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(1,258,318</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">$6.04
            - $24.88</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">$10.04</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD align="right">&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD align="right">&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD align="right">&nbsp;</TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Outstanding
            at December 31, 2003</FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">56,769,297</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">$6.04
            - $62.01</FONT></TD>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&nbsp; </FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">$29.71</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Options
            granted:</FONT></TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee">&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2001
            Plan</FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">12,365,280</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">$17.08
            - $27.21</FONT></TD>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&nbsp; </FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">$22.66</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Supervisory
            Board Plan</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">132,000</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">$22.71</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">$22.71</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Options
            cancelled</FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(1,304,969</FONT></TD>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">$6.04
            - $62.01</FONT></TD>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&nbsp; </FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">$29.20</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Options
            exercised</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(2,537,401</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">$6.04
            - $24.88</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&nbsp; </FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">$8.93</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD align="right">&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD align="right">&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD align="right">&nbsp;</TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><b>Outstanding
              at December 31, 2004</b></FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">65,424,207</FONT></b></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">$6.04
              - $62.01</FONT></b></TD>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&nbsp; </FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">$29.18</FONT></b></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
    </Table>
    <div style="text-indent:3%">
      <p><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Stock options
          exercisable were as follows:</FONT></p>
    </div>
    <table width="100%" border="0" cellpadding="0" cellspacing="0">
      <tr>
        <td><font size="1">&nbsp;</font></td>
        <td colspan="2" align="center"><b><font size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</font></b></td>
        <td><font size="1">&nbsp;</font></td>
        <td colspan="2" align="center"><b><font size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</font></b></td>
        <td><font size="1">&nbsp;</font></td>
        <td colspan="2" align="center"><b><font size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</font></b></td>
        <td><font size="1">&nbsp;</font></td>
      </tr>
      <tr>
        <td><font size="1">&nbsp;</font></td>
        <td colspan="2" align="center"><b><font size=1 face="AdvTimes,Times New Roman,Times,serif">2004</font></b></td>
        <td><font size="1">&nbsp;</font></td>
        <td colspan="2" align="center"><b><font size=1 face="AdvTimes,Times New Roman,Times,serif">2003</font></b></td>
        <td><font size="1">&nbsp;</font></td>
        <td colspan="2" align="center"><b><font size=1 face="AdvTimes,Times New Roman,Times,serif">2002</font></b></td>
        <td><font size="1">&nbsp;</font></td>
      </tr>
      <tr>
        <td><font size="1">&nbsp;</font></td>
        <td><HR noshade size=1>
        </td>
        <td><HR noshade size=1>
        </td>
        <td><HR noshade size=1>
        </td>
        <td><HR noshade size=1>
        </td>
        <td><HR noshade size=1>
        </td>
        <td><HR noshade size=1>
        </td>
        <td><HR noshade size=1>
        </td>
        <td><HR noshade size=1>
        </td>
        <td><font size="1">&nbsp;</font></td>
      </tr>
      <tr bgcolor="#eeeeee">
        <td><font size=2 face="AdvTimes,Times New Roman,Times,serif">Options
            exercisable</font></td>
        <td width="1%">&nbsp;</td>
        <td width="10%" align="right"><b><font size=2 face="AdvTimes,Times New Roman,Times,serif">32,212,680</font></b></td>
        <td width="2%">&nbsp;</td>
        <td width="1%">&nbsp;</td>
        <td width="10%" align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">23,338,811</FONT></td>
        <td width="2%">&nbsp;</td>
        <td width="1%">&nbsp;</td>
        <td width="10%" align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">15,277,776</FONT></td>
        <td width="2%">&nbsp;</td>
      </tr>
      <tr>
        <td><font size=2 face="AdvTimes,Times New Roman,Times,serif">Weighted
            average exercise price</font></td>
        <td><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">$</FONT></b></td>
        <td align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">33.84</FONT></b></td>
        <td>&nbsp;</td>
        <td><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">$</FONT></td>
        <td align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">28.87</FONT></td>
        <td>&nbsp;</td>
        <td><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">$</FONT></td>
        <td align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">22.49</FONT></td>
        <td>&nbsp;</td>
      </tr>
      <tr>
        <td><font size="1">&nbsp;</font></td>
        <td><HR noshade size=1>
        </td>
        <td><HR noshade size=1>
        </td>
        <td><font size="1">&nbsp;</font></td>
        <td><HR noshade size=1>
        </td>
        <td><HR noshade size=1>
        </td>
        <td><font size="1">&nbsp;</font></td>
        <td><HR noshade size=1>
        </td>
        <td><HR noshade size=1>
        </td>
        <td><font size="1">&nbsp;</font></td>
      </tr>
    </table>
    <div style="text-indent:3%">
      <P><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">The weighted
          average remaining contractual life of options outstanding as of December
          31, 2004, 2003 and 2002 was 6.3, 6.4 and 6.5 years, respectively.</FONT> </P>
    </div>
    <div style="text-indent:3%">
      <P><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">The range of
          exercise prices, the weighted average exercise price and the weighted
          average remaining contractual life of options outstanding as of December
          31, 2004 were as follows:</FONT> </P>
    </div>
    <table width="100%" border="0" cellpadding="0" cellspacing="0">
      <tr align="center">
        <td><font size="1">&nbsp;</font></td>
        <td><font size="1">&nbsp;</font></td>
        <td><font size="1">&nbsp;</font></td>
        <td><font size="1">&nbsp;</font></td>
        <td><font size="1">&nbsp;</font></td>
        <td><font size="1">&nbsp;</font></td>
        <td><font size="1">&nbsp;</font></td>
        <td><b><font size=1 face="AdvTimes,Times New Roman,Times,serif">Weighted</font></b></td>
        <td><font size="1">&nbsp;</font></td>
      </tr>
      <tr align="center">
        <td><font size="1">&nbsp;</font></td>
        <td><font size="1">&nbsp;</font></td>
        <td><font size="1">&nbsp;</font></td>
        <td><font size="1">&nbsp;</font></td>
        <td><font size="1">&nbsp;</font></td>
        <td><b><font size=1 face="AdvTimes,Times New Roman,Times,serif">Weighted</font></b></td>
        <td><font size="1">&nbsp;</font></td>
        <td><b><font size=1 face="AdvTimes,Times New Roman,Times,serif">average</font></b></td>
        <td><font size="1">&nbsp;</font></td>
      </tr>
      <tr align="center">
        <td><font size="1">&nbsp;</font></td>
        <td><b><font size=1 face="AdvTimes,Times New Roman,Times,serif">Number
              of</font></b></td>
        <td><font size="1">&nbsp;</font></td>
        <td><b><font size=1 face="AdvTimes,Times New Roman,Times,serif">Option
              price</font></b></td>
        <td><font size="1">&nbsp;</font></td>
        <td><b><font size=1 face="AdvTimes,Times New Roman,Times,serif">average</font></b></td>
        <td><font size="1">&nbsp;</font></td>
        <td><b><font size=1 face="AdvTimes,Times New Roman,Times,serif">remaining</font></b></td>
        <td><font size="1">&nbsp;</font></td>
      </tr>
      <tr align="center">
        <td><font size="1">&nbsp;</font></td>
        <td><b><font size=1 face="AdvTimes,Times New Roman,Times,serif">shares</font></b></td>
        <td><font size="1">&nbsp;</font></td>
        <td><b><font size=1 face="AdvTimes,Times New Roman,Times,serif">range</font></b></td>
        <td><font size="1">&nbsp;</font></td>
        <td><b><font size=1 face="AdvTimes,Times New Roman,Times,serif">exercise
              price</font></b></td>
        <td><font size="1">&nbsp;</font></td>
        <td><b><font size=1 face="AdvTimes,Times New Roman,Times,serif">contractual
              life</font></b></td>
        <td><font size="1">&nbsp;</font></td>
      </tr>
      <tr>
        <td><font size="1">&nbsp;</font></td>
        <td><HR noshade size=1>
        </td>
        <td><HR noshade size=1>
        </td>
        <td><HR noshade size=1>
        </td>
        <td><HR noshade size=1>
        </td>
        <td><HR noshade size=1>
        </td>
        <td><HR noshade size=1>
        </td>
        <td><HR noshade size=1>
        </td>
        <td><font size="1">&nbsp;</font></td>
      </tr>
      <tr bgcolor="#eeeeee">
        <td>&nbsp;</td>
        <td width="10%" align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">5,064,427</FONT></td>
        <td width="2%">&nbsp;</td>
        <td width="10%" align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">$12.03</FONT><FONT size=2 face="AdvTimes,Times New Roman,Times,serif"> -
            $</FONT><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">17.08</FONT></td>
        <td width="2%">&nbsp;</td>
        <td width="10%" align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">$</FONT><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">13.14</FONT></td>
        <td width="2%">&nbsp;</td>
        <td width="10%" align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1.5
            years</FONT></td>
        <td width="2%">&nbsp;</td>
      </tr>
      <tr>
        <td>&nbsp;</td>
        <td align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">31,930,324</FONT></td>
        <td>&nbsp;</td>
        <td align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">$19.18</FONT><FONT size=2 face="AdvTimes,Times New Roman,Times,serif"> -
            $</FONT><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">24.88</FONT></td>
        <td>&nbsp;</td>
        <td align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">$</FONT><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">22.03</FONT></td>
        <td>&nbsp;</td>
        <td align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">7.2
            years</FONT></td>
        <td>&nbsp;</td>
      </tr>
      <tr bgcolor="#eeeeee">
        <td>&nbsp;</td>
        <td align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">272,474</FONT></td>
        <td>&nbsp;</td>
        <td align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">$25.90</FONT><FONT size=2 face="AdvTimes,Times New Roman,Times,serif"> -
            $</FONT><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">29.70</FONT></td>
        <td>&nbsp;</td>
        <td align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">$</FONT><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">27.20</FONT></td>
        <td>&nbsp;</td>
        <td align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">8.4
            years</FONT></td>
        <td>&nbsp;</td>
      </tr>
      <tr>
        <td>&nbsp;</td>
        <td align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">21,503,822</FONT></td>
        <td>&nbsp;</td>
        <td align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">$31.09</FONT><FONT size=2 face="AdvTimes,Times New Roman,Times,serif"> -
            $</FONT><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">44.00</FONT></td>
        <td>&nbsp;</td>
        <td align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">$</FONT><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">34.37</FONT></td>
        <td>&nbsp;</td>
        <td align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">6.9
            years</FONT></td>
        <td>&nbsp;</td>
      </tr>
      <tr bgcolor="#eeeeee">
        <td>&nbsp;</td>
        <td align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">6,653,160</FONT></td>
        <td>&nbsp;</td>
        <td align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">$50.69</FONT><FONT size=2 face="AdvTimes,Times New Roman,Times,serif"> -
            $</FONT><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">62.01</FONT></td>
        <td>&nbsp;</td>
        <td align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">$</FONT><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">59.08</FONT></td>
        <td>&nbsp;</td>
        <td align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">3.6
            years</FONT></td>
        <td>&nbsp;</td>
      </tr>
      <tr>
        <td>&nbsp;</td>
        <td><HR noshade size=1>
        </td>
        <td>&nbsp; </td>
        <td><HR noshade size=1>
        </td>
        <td>&nbsp; </td>
        <td><HR noshade size=1>
        </td>
        <td>&nbsp; </td>
        <td><HR noshade size=1>
        </td>
        <td>&nbsp;</td>
      </tr>
    </table>
    <p align="center"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">F-28</FONT></p>
    <hr noshade align="center" width="100%" size=2>
    <div style="page-break-before:always"></div>
    <page><a name="pf29"></a>
    <p><font size="2"><a href="#index">Back to Index</a></font></p>
    <div style="text-indent:3%">
      <P><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">The range of
          exercise prices, the weighted average exercise price and the weighted
          average remaining contractual life of options exercisable as of December
          31, 2004 were as follows:</FONT> </P>
    </div>
    <TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
      <TR align="center">
        <TD><font size="1">&nbsp;</font></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><b><font size=1 face="AdvTimes,Times New Roman,Times,serif">Weighted</font></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
      </TR>
      <TR align="center">
        <TD><font size="1">&nbsp;</font></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><b><font size=1 face="AdvTimes,Times New Roman,Times,serif">Weighted</font></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><b><font size=1 face="AdvTimes,Times New Roman,Times,serif">average</font></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
      </TR>
      <TR align="center">
        <TD><font size="1">&nbsp;</font></TD>
        <TD><b><font size=1 face="AdvTimes,Times New Roman,Times,serif">Number
              of</font></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><b><font size=1 face="AdvTimes,Times New Roman,Times,serif">Option
              price</font></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><b><font size=1 face="AdvTimes,Times New Roman,Times,serif">average</font></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><b><font size=1 face="AdvTimes,Times New Roman,Times,serif">remaining</font></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
      </TR>
      <TR align="center">
        <TD><font size="1">&nbsp;</font></TD>
        <TD><b><font size=1 face="AdvTimes,Times New Roman,Times,serif">shares</font></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><b><font size=1 face="AdvTimes,Times New Roman,Times,serif">range</font></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><b><font size=1 face="AdvTimes,Times New Roman,Times,serif">exercise
              price</font></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><b><font size=1 face="AdvTimes,Times New Roman,Times,serif">contractual
              life</font></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
      </TR>
      <TR align="center">
        <TD><font size="1">&nbsp;</font></TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><font size="1">&nbsp;</font></TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD align="right">&nbsp;</TD>
        <TD width=10% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">4,889,037</FONT></TD>
        <TD width=2%>&nbsp;</TD>
        <TD width=10% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">$12.03
            - $</FONT><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">17.08</FONT></TD>
        <TD width=2% align="right">&nbsp;</TD>
        <TD width=10% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">$13.00</FONT></TD>
        <TD width=2% align="right">&nbsp;</TD>
        <TD width=10% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1.2
            years</FONT></TD>
        <TD width=2% align="right">&nbsp;</TD>
      </TR>
      <TR>
        <TD align="right">&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">8,555,722</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">$19.18
            - $</FONT><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">24.88</FONT></TD>
        <TD align="right">&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">$24.74</FONT></TD>
        <TD align="right">&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2.9
            years</FONT></TD>
        <TD align="right">&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD align="right">&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">44,751</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">$25.90
            - $</FONT><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">29.70</FONT></TD>
        <TD align="right">&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">$29.63</FONT></TD>
        <TD align="right">&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">6.8
            years</FONT></TD>
        <TD align="right">&nbsp;</TD>
      </TR>
      <TR>
        <TD align="right">&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">12,070,010</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">$31.09
            - $</FONT><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">44.00</FONT></TD>
        <TD align="right">&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">$34.85</FONT></TD>
        <TD align="right">&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">6.8
            years</FONT></TD>
        <TD align="right">&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD align="right">&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">6,653,160</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">$50.69
            - $</FONT><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">62.01</FONT></TD>
        <TD align="right">&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">$59.08</FONT></TD>
        <TD align="right">&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">3.6
            years</FONT></TD>
        <TD align="right">&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
      </TR>
    </TABLE>
    <div style="text-indent:3%">
      <P><FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><i>17.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Employee
            share purchase plans</i></FONT> </P>
    </div>
    <div style="text-indent:3%">
      <P><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">In 2002 and
          2003, the Company offered to certain of its employees worldwide the
          right to acquire shares of capital stock. No employee share purchase
          plan was offered in 2004:</FONT> </P>
    </div>
    <TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
      <TR align="center">
        <TD><font size="1">&nbsp;</font></TD>
        <TD><b><font size=1 face="AdvTimes,Times New Roman,Times,serif">Number
              of</font></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD colspan="3"><b><font size=1 face="AdvTimes,Times New Roman,Times,serif">Price
              per share</font></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><b><font size=1 face="AdvTimes,Times New Roman,Times,serif">Discount
              from</font></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><font size="1">&nbsp;</font></TD>
      </TR>
      <TR align="center">
        <TD><font size="1">&nbsp;</font></TD>
        <TD><b><font size=1 face="AdvTimes,Times New Roman,Times,serif">shares
              offered</font></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><b><font size=1 face="AdvTimes,Times New Roman,Times,serif">the market</font></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><b><font size=1 face="AdvTimes,Times New Roman,Times,serif">Number
              of</font></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
      </TR>
      <TR align="center">
        <TD><font size="1">&nbsp;</font></TD>
        <TD><b><font size=1 face="AdvTimes,Times New Roman,Times,serif">per employee</font></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><b><font size=1 face="AdvTimes,Times New Roman,Times,serif">In U.S.
              Dollars</font></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><b><font size=1 face="AdvTimes,Times New Roman,Times,serif">In Euro</font></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><b><font size=1 face="AdvTimes,Times New Roman,Times,serif">price</font></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><b><font size=1 face="AdvTimes,Times New Roman,Times,serif">shares
              issued</font></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
      </TR>
      <TR align="center">
        <TD><font size="1">&nbsp;</font></TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><font size="1">&nbsp;</font></TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">July 2002</FONT></TD>
        <TD width=8% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">529</FONT></TD>
        <TD width=2%>&nbsp;</TD>
        <TD width=8% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">23.59</FONT></TD>
        <TD width=2%>&nbsp;</TD>
        <TD width=8% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">24.94</FONT></TD>
        <TD width=2%>&nbsp;</TD>
        <TD width=8% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">15</FONT></TD>
        <TD width=2%><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">%</FONT></TD>
        <TD width=8% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">461,164</FONT></TD>
        <TD width=2%>&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">December
            2002</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">402</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">20.58</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">20.78</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">15</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">%</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">749,819</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">June 2003</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">309</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">17.91</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">15.51</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">15</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">%</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">587,862</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
    </TABLE>
    <div style="text-indent:3%">
      <P><FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><i>17.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulated
            other comprehensive income (loss)</i></FONT> </P>
    </div>
    <div style="text-indent:3%">
      <P><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">The accumulated
          balances related to each component of other comprehensive income (loss)
          were as follows:</FONT> </P>
    </div>
    <TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
      <TR align="center">
        <TD><font size="1">&nbsp;</font></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Foreign</FONT></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Unrealized</FONT></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Minimum</FONT></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Accumulated</FONT></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
      </TR>
      <TR align="center">
        <TD><font size="1">&nbsp;</font></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">currency</FONT></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">gain
              on</FONT></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Unrealized</FONT></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">pension</FONT></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">other</FONT></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
      </TR>
      <TR align="center">
        <TD><font size="1">&nbsp;</font></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">translation</FONT></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">available-for-</FONT></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">gain
              on</FONT></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">liability</FONT></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">comprehensive</FONT></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
      </TR>
      <TR align="center">
        <TD><font size="1">&nbsp;</font></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">income
              (loss)</FONT></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">sale
              securities</FONT></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">derivatives</FONT></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">adjustment</FONT></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">income
              (loss)</FONT></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
      </TR>
      <TR align="center">
        <TD><font size="1">&nbsp;</font></TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><font size="1">&nbsp;</font></TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Balance
            as of December 31, 2001</FONT></TD>
        <TD width=8% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(857</FONT></TD>
        <TD width=2%><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD width=8% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&#151;</FONT></TD>
        <TD width=2%>&nbsp;</TD>
        <TD width=8% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&#151;</FONT></TD>
        <TD width=2% align="right">&nbsp;</TD>
        <TD width=8% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(12</FONT></TD>
        <TD width=2%><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD width=8% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(869</FONT></TD>
        <TD width=2%><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Other comprehensive
            income (loss), net of tax</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">631</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&#151;</FONT></TD>
        <TD align="right">&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(21</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">611</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Balance
            as of December 31, 2002</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(226</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&#151;</FONT></TD>
        <TD align="right">&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(33</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(258</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Other comprehensive
            income (loss), net of tax</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">880</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&#151;</FONT></TD>
        <TD align="right">&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(1</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">881</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Balance
            as of December 31, 2003</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">654</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">3</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&#151;</FONT></TD>
        <TD align="right">&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(34</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">623</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Other comprehensive
            income (loss), net of tax</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">437</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(3</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">59</FONT></TD>
        <TD align="right">&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">0</FONT></TD>
        <TD align="right">&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">493</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD align="right"><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><b>Balance
              as of December 31, 2004</b></FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1,091</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">0</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">59</FONT></b></TD>
        <TD align="right">&nbsp;</TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(34</FONT></b></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1,116</FONT></b></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD align="right"><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
    </TABLE>
    <div style="text-indent:3%">
      <P><FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><i>17.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividends</i></FONT> </P>
    </div>
    <div style="text-indent:3%">
      <P><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">In 2004, the
          Company paid a cash dividend of $0.12 per share for a total amount
          of $107 million. In 2003 and 2002, the Company paid cash dividends
          of $0.08 and $0.04 per share, totalling $71 million and $36 million
          respectively.</FONT></P>
    </div>
    <P align="center"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">F-29</FONT></P>
    <hr noshade align="center" width="100%" size=2>
    <div style="page-break-before:always"></div>
    <page><a name="pf30"></a>
    <p><font size="2"><a href="#index">Back to Index</a></font></p>
    <table width="100%" border="0" cellspacing="0" cellpadding="0">
      <tr>
        <td width="3%"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">18.</FONT></b></td>
        <td><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Earnings
              per share</FONT></b></td>
      </tr>
    </table>
    <div style="text-indent:3%">
      <p><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">For the years
          ended December 31, 2004, 2003 and 2002, earnings per share (&#145;&#145;EPS&#146;&#146;)
          was calculated as follows:</FONT> </p>
    </div>
    <TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
      <TR align="center">
        <TD><font size="1">&nbsp;</font></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Year
              ended</FONT></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Year
              ended</FONT></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Year
              ended</FONT></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
      </TR>
      <TR align="center">
        <TD><font size="1">&nbsp;</font></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</FONT></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</FONT></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</FONT></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
      </TR>
      <TR align="center">
        <TD><font size="1">&nbsp;</font></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2004</FONT></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2003</FONT></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2002</FONT></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
      </TR>
      <TR align="center">
        <TD><font size="1">&nbsp;</font></TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><font size="1">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><b>Basic
              EPS</b></FONT></TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Net income</FONT></TD>
        <TD width=8% align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">601</FONT></b></TD>
        <TD width=2%>&nbsp;</TD>
        <TD width=8% align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">253</FONT></TD>
        <TD width=2%>&nbsp;</TD>
        <TD width=8% align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">429</FONT></TD>
        <TD width=2%>&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Weighted
            average shares outstanding</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">891,192,542</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">888,152,244</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">887,577,627</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Basic EPS</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">0.67</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">0.29</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">0.48</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><b>Diluted
              EPS</b></FONT></TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Net income</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">601</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">253</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">429</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Convertible
            debt interest, net of tax</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">4</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&#151;</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Net income
            adjusted</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">605</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">255</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">429</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Weighted
            average shares outstanding</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">891,192,542</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">888,152,244</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">887,577,627</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Dilutive
            effect of stock options</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2,038,369</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">7,059,127</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">5,459,155</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Dilutive
            effect of convertible debt</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">41,880,160</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">41,880,160</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&#151;</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Number of
            shares used in calculating diluted EPS</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">935,111,071</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">937,091,531</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">893,036,782</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Diluted
            EPS</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">0.65</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">0.27</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">0.48</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
    </TABLE>
    <div style="text-indent:3%">
      <P><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">At December
          31, 2004, 2003 and 2002, outstanding stock options included anti-dilutive
          shares totalling 63,385,838 shares, 49,710,170 shares and 41,358,606
          shares, respectively.</FONT> </P>
    </div>
    <table width="100%" border="0" cellspacing="0" cellpadding="0">
      <tr>
        <td width="3%"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">19.</FONT></b></td>
        <td><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Other
              revenues</FONT></b></td>
      </tr>
    </table>
    <div style="text-indent:3%">
      <p><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Other revenues
          consisted of the following:</FONT> </p>
    </div>
    <TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
      <TR align="center">
        <TD><font size="1">&nbsp;</font></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Year
              ended</FONT></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Year
              ended</FONT></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Year
              ended</FONT></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
      </TR>
      <TR align="center">
        <TD><font size="1">&nbsp;</font></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</FONT></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</FONT></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</FONT></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
      </TR>
      <TR align="center">
        <TD><font size="1">&nbsp;</font></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2004</FONT></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2003</FONT></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2002</FONT></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
      </TR>
      <TR align="center">
        <TD><font size="1">&nbsp;</font></TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><font size="1">&nbsp;</font></TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Co-development
            contract fees</FONT></TD>
        <TD width=8% align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&#151;</FONT></b></TD>
        <TD width=2%>&nbsp;</TD>
        <TD width=8% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&#151;</FONT></TD>
        <TD width=2%>&nbsp;</TD>
        <TD width=8% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">47</FONT></TD>
        <TD width=2%>&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">License
            revenue and patent royalty income</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">4</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">4</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD>&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><b>Total</b></FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">4</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">4</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">48</FONT></b></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
      </TR>
    </TABLE>
    <table width="100%" border="0" cellspacing="0" cellpadding="0">
      <tr>
        <td width="3%"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">20.</FONT></b></td>
        <td><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Other
              income and expenses, net</FONT></b></td>
      </tr>
    </table>
    <div style="text-indent:3%">
      <P><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Other income
          and expenses, net consisted of the following:</FONT> </P>
    </div>
    <TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
      <TR align="center">
        <TD>&nbsp;</TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Year
              ended</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Year
              ended</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Year
              ended</FONT></b></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR align="center">
        <TD>&nbsp;</TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</FONT></b></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR align="center">
        <TD>&nbsp;</TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2004</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2003</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2002</FONT></b></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR align="center">
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Research
            and development funding</FONT></TD>
        <TD width=8% align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">84</FONT></b></TD>
        <TD width=2%>&nbsp;</TD>
        <TD width=8% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">76</FONT></TD>
        <TD width=2%>&nbsp;</TD>
        <TD width=8% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">76</FONT></TD>
        <TD width=2%>&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Start-up
            costs</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(63</FONT></b></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(55</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(57</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Exchange
            gain, net</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">33</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">5</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">17</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Patent claim
            costs</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(37</FONT></b></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(29</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(8</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Gain on
            sale of non-current assets</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">6</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">17</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">3</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Other, net</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(13</FONT></b></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(18</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(24</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD>&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><b>Total</b></FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">10</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(4</FONT></b></TD>
        <TD><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></b></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">7</FONT></b></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
    </TABLE>
    <div style="text-indent:3%">
      <P><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Patent litigation
          costs include legal and attorney fees and payment of claims, and patent
          pre-litigation costs are composed of consultancy fees and legal fees.
          Patent litigation costs are costs incurred in respect of pending litigation.
          Patent pre-litigation costs are costs incurred to prepare for licensing
          discussions with third parties with a view to concluding an agreement.
          Litigation may occur if such discussions are unsuccessful. In 2004,
          patent litigation costs and patent pre-litigation costs amounted to
          $31 million and $6 million respectively. In 2003, patent litigation
          costs amounted to $24 million, including a $10 million provision for
          probable losses in connection with a dispute with a competitor, which
          was settled in 2004. Patent pre-litigation costs amounted to $5 million
          in 2003.</FONT></P>
    </div>
    <P align="center"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">F-30</FONT></P>
    <hr noshade align="center" width="100%" size=2>
    <div style="page-break-before:always"></div>
    <page><a name="pf31"></a>
    <p><a href="#index"><font size="2">Back to Index</font></a></p>
    <table width="100%" border="0" cellspacing="0" cellpadding="0">
      <tr>
        <td width="3%"><b><font size=2 face="AdvTimes,Times New Roman,Times,serif">21.</font></b></td>
        <td><b><font size=2 face="AdvTimes,Times New Roman,Times,serif">Impairment,
              restructuring charges and other related closure costs</font></b></td>
      </tr>
    </table>
    <div style="text-indent:3%">
      <p><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">During the
          third quarter of 2003, the Company commenced a plan to restructure
          its 150mm fab operations and part of its back-end operations in order
          to improve cost competitiveness. The 150mm restructuring plan focuses
          on cost reduction by migrating a large part of European and U.S. 150mm
          production to Singapore and by upgrading production to a finer geometry
          200mm wafer fabs. The plan includes the discontinuation of the production
          of Rennes (France), the closure as soon as operationally feasible of
          the 150mm wafer pilot line in Castelletto (Italy) and the downsizing
          by approximately one-half of the 150mm wafer fab in Carrollton, Texas.
          Furthermore, the 150mm wafer fab production in Agrate (Italy) and Rousset
          (France) will be gradually phased-out in favor of 200mm wafer ramp-ups
          at existing facilities in these locations, which will be expanded or
          upgraded to accommodate additional finer geometry wafer capacity.</FONT></P>
    </div>
    <div style="text-indent:3%">
      <P> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Impairment,
          restructuring charges and other related closure costs incurred in 2004
          and 2003 are summarized as follows:</FONT> </P>
    </div>
    <TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
      <TR>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD colspan="7" align="center"><b><font size=1 face="AdvTimes,Times New Roman,Times,serif">Year
              ended December 31, 2004</font></b></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD colspan="7"><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Total</FONT></b></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">impairment,</FONT></b></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">restructuring</FONT></b></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">charges
              and</FONT></b></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Restructuring</FONT></b></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Other
              related</FONT></b></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">other
              related</FONT></b></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Impairment</FONT></b></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">charges</FONT></b></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">closure
              costs</FONT></b></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">closure
              costs</FONT></b></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">150mm
            fab operations</FONT></TD>
        <TD width=10% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&#151;</FONT></TD>
        <TD width=2%>&nbsp;</TD>
        <TD width=10% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(28</FONT></TD>
        <TD width=2%><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD width=10% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(32</FONT></TD>
        <TD width=2%><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD width=10% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(60</FONT></TD>
        <TD width=2%><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Back-end
            operations</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&#151;</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(1</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(3</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(4</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Intangible
            assets and investments</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(8</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&#151;</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&#151;</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(8</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Other</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&#151;</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(4</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&#151;</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(4</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD>&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><b>Total</b></FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(8</FONT></b></TD>
        <TD><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></b></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(33</FONT></b></TD>
        <TD><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></b></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(35</FONT></b></TD>
        <TD><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></b></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(76</FONT></b></TD>
        <TD><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></b></TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
      </TR>
    </TABLE>
    <TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
      <TR align="center">
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD colspan="7"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Year
              ended December 31, 2003</FONT></b></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
      </TR>
      <TR align="center">
        <TD>&nbsp;</TD>
        <TD colspan="7"><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR align="center">
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Total</FONT></b></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
      </TR>
      <TR align="center">
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">impairment,</FONT></b></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
      </TR>
      <TR align="center">
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">restructuring</FONT></b></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
      </TR>
      <TR align="center">
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">charges
              and</FONT></b></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
      </TR>
      <TR align="center">
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Restructuring</FONT></b></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Other
              related</FONT></b></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">other
              related</FONT></b></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
      </TR>
      <TR align="center">
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Impairment</FONT></b></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">charges</FONT></b></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">closure
              costs</FONT></b></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">closure
              costs</FONT></b></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">150mm fab
            operations</FONT></TD>
        <TD width=10% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(140</FONT></TD>
        <TD width=2%><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD width=10% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(32</FONT></TD>
        <TD width=2%><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD width=10% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(1</FONT></TD>
        <TD width=2%><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD width=10% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(173</FONT></TD>
        <TD width=2%><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Back-end
            operations</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(15</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(2</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&#151;</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(17</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Intangible
            assets and investments</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(6</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&#151;</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&#151;</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(6</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Other</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&#151;</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(9</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&#151;</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(9</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD>&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><b>Total</b></FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(161</FONT></b></TD>
        <TD><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></b></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(43</FONT></b></TD>
        <TD><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></b></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(1</FONT></b></TD>
        <TD><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></b></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(205</FONT></b></TD>
        <TD><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></b></TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
    </TABLE>
    <div style="text-indent:3%">
      <p><FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><i>Impairment
            charges</i></FONT> </P>
    </div>
    <div style="text-indent:3%">
      <P> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">During the
          year 2004, impairment charges were incurred relating to $5 million
          for purchased technologies primarily associated with the Telecommunications,
          Peripherals and Automotive segment (&#145;&#145;TPA&#146;&#146;) that
          were determined to be obsolete and $3 million for financial assets
          with other-than-temporary losses based on the valuations used for additional
          third party financing in the underlying investment. In 2003, the Company
          incurred impairment charges as follows:</FONT></P>
    </div>
    <table width="100%" border="0" cellspacing="0" cellpadding="0">
      <tr>
        <td width="3%">&nbsp;</td>
        <td width="3%" valign="top">&#8211;</td>
        <td><font size=2 face="AdvTimes,Times New Roman,Times,serif">$133 million
            on certain property and equipment used in its 150mm fab operations,
            based on the discounted expected future cash flows of the assets
            and market quotations for the facilities in Castelletto (Italy);</font></td>
      </tr>
      <tr>
        <td>&nbsp;</td>
        <td valign="top">&nbsp;</td>
        <td>&nbsp;</td>
      </tr>
      <tr>
        <td>&nbsp;</td>
        <td valign="top">&#8211;</td>
        <td><font size=2 face="AdvTimes,Times New Roman,Times,serif">$7 million
            fair market adjustment on the Rancho Bernardo, California, based
            on market quotations under the held-for-sale model. This impairment
            charge was unrelated to the Company&#146;s plan to restructure its
            150mm fab facilities, but was the consequence of a deterioration
            in real estate market conditions for this type of facility. The facility
            was sold in 2004 for approximately its carrying value;</font></td>
      </tr>
      <tr>
        <td>&nbsp;</td>
        <td valign="top">&nbsp;</td>
        <td>&nbsp;</td>
      </tr>
      <tr>
        <td>&nbsp;</td>
        <td valign="top">&#8211;</td>
        <td><font size=2 face="AdvTimes,Times New Roman,Times,serif">$15 million
            on the planned closure of a back-end building facility based on a
            market quotation;</font></td>
      </tr>
    </table>
    <P align="center"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">F-31</FONT> </P>
    <hr noshade align="center" width="100%" size=2>
    <div style="page-break-before:always"></div>
    <page><a name="pf32"></a>
    <p><a href="#index"><font size="2">Back to Index</font></a></p>
    <table width="100%" border="0" cellspacing="0" cellpadding="0">
      <tr>
        <td width="3%">&nbsp;</td>
        <td width="3%" valign="top">&#8211;</td>
        <td><font size=2 face="AdvTimes,Times New Roman,Times,serif">$3 million
            related to certain purchased technologies identified to be obsolete
            and;</font></td>
      </tr>
      <tr>
        <td>&nbsp;</td>
        <td valign="top">&nbsp;</td>
        <td>&nbsp;</td>
      </tr>
      <tr>
        <td>&nbsp;</td>
        <td valign="top">&#8211;</td>
        <td><font size=2 face="AdvTimes,Times New Roman,Times,serif">$3 million
            for contractually committed future capital contributions to SuperH
            Inc., the joint venture formed with Renesas Technology Corp.</font></td>
      </tr>
    </table>
    <div style="text-indent:3%">
      <P align="left"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">All
          fabrication sites affected by the restructuring plan are owned by the
          Company and, with the exception of the Rancho Bernardo, California
          facility, were assessed for impairment using the held-for-use model
          defined in Statement of Financial Accounting Standards No. 144, <i>Accounting
          for the impairment or disposal of long-term assets</i> (&#145;&#145;FAS
          144&#146;&#146;), since these facilities did not satisfy all of the
          criteria required for held-for-sale status, as set forth in FAS 144.</FONT></P>
    </div>
    <div style="text-indent:3%">
      <P align="left"> <i><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Restructuring
            charges and other related closure costs</FONT> </i></P>
    </div>
    <div style="text-indent:3%">
      <P align="left"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Provisions
          for restructuring charges and other related closure costs in 2004 are
          summarized as follows:</FONT> </P>
    </div>
    <TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
      <TR align="center">
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD colspan="5"> <font size="1" face="AdvTimes,Times New Roman,Times,serif"><b>150mm
              fab operations</b></font></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
      </TR>
      <TR align="center">
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD colspan="5">
          <HR noshade size=1>
        </TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Total
              restructuring</FONT></b></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
      </TR>
      <TR align="center">
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Other
              related</FONT></b></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Back-end</FONT></b></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">and other
              related</FONT></b></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
      </TR>
      <TR align="center">
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Restructuring</FONT></b></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">closure
              costs</FONT></b></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Total</FONT></b></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">operations</FONT></b></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Other</FONT></b></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">closure
              costs</FONT></b></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD align="right"><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD align="right"><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD align="right"><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD align="right"><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD align="right"><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD align="right"><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Provision
              as at December 31, 2002</FONT></b></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&#151;</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&#151;</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&#151;</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&#151;</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&#151;</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&#151;</FONT></b></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Charges
            incurred in 2003</FONT></TD>
        <TD width=8% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">32</FONT></TD>
        <TD width=2%>&nbsp;</TD>
        <TD width=8% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1</FONT></TD>
        <TD width=2%>&nbsp;</TD>
        <TD width=8% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">33</FONT></TD>
        <TD width=2%>&nbsp;</TD>
        <TD width=8% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2</FONT></TD>
        <TD width=2%>&nbsp;</TD>
        <TD width=8% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">9</FONT></TD>
        <TD width=2%>&nbsp;</TD>
        <TD width=8% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">44</FONT></TD>
        <TD width=2%>&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Amounts
            paid</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&#151;</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&#151;</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&#151;</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(2</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(6</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(8</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Currency
            translation effect</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&#151;</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&#151;</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&#151;</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Provision
              as at December 31, 2003</FONT></b></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">34</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">35</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&#151;</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">3</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">38</FONT></b></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Charges
            incurred in 2004</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">28</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">32</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">60</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">4</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">4</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">68</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Amounts
            paid</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(28</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(32</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(60</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(4</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(4</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(68</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Currency
            translation effect</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&#151;</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&#151;</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&#151;</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Provision
              as at December 31, 2004</FONT></b></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">36</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">37</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&#151;</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">3</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">40</FONT></b></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
    </TABLE>
    <div style="text-indent:3%">
      <P align="left"> <i><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">150mm
            fab operations:</FONT> </i></P>
    </div>
    <div style="text-indent:3%">
      <P align="left"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Restructuring
          charges in 2004 primarily related to $28 million in estimated one-time
          involuntary termination benefits and $32 million of other charges associated
          with the closure and transfers of production for the following sites:
          Rennes (France) for $49 million of which $25 million associated with
          the termination plan formally communicated to the employees in March
          2004; Carrollton (USA) for $3 million; Rousset (France) for $5 million
          and Agrate (Italy) for $3 million.</FONT></P>
    </div>
    <div style="text-indent:3%">
      <p><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">In 2003, the
          Company accrued for restructuring charges and other related closures
          costs of $33 million, mainly related to one-time termination benefits
          the Company was obliged to pay to the employees of the fab plant in
          Rennes (France).</FONT></P>
    </div>
    <div style="text-indent:3%">
      <P align="left"> <i><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Back-end
            operations:</FONT> </i></P>
    </div>
    <div style="text-indent:3%">
      <p><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">During the
          year 2004, equipment transfer costs amounting to $3 million were paid
          for back-end sites in Morocco, as well as $1 million paid for one-time
          involuntary termination benefits. In 2003, certain involuntary termination
          payments were made for the partial restructuring of the back-end sites
          in Morocco.</FONT></P>
    </div>
    <div style="text-indent:3%">
      <P align="left"> <i><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Other:</FONT> </i></P>
    </div>
    <div style="text-indent:3%">
      <p><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">During the
          year 2004, charges totalling $4 million were paid by the Company, mainly
          for a voluntary termination benefit program. In 2003, certain payments
          were made for voluntary termination benefits in France totalling $6
          million and amounts accrued for lease contract terminations in the
          United States totalling $3 million.</FONT></P>
    </div>
    <div style="text-indent:3%">
      <p><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">During 2004,
          nearly all the amounts accrued at December 31, 2003 were paid. The
          accrued amounts as of December 31, 2004 are expected to be paid in
          2005.</FONT> </P>
    </div>
    <div style="text-indent:3%">
      <p><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">The total plan
          of impairment and restructuring costs for the front-end and back-end
          reorganization is estimated to be approximately $350 million pre-tax
          (or $240 million after-tax), of which $281 million has</FONT> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">been
          incurred as of December 31, 2004 ($76 million in 2004 and $205 million
          in 2003). The restructuring plan and related manufacturing initiatives
          are expected to be largely completed by mid-2006. The total actual
          costs that the Company will incur may differ from these estimates based
          on the timing required to complete the restructuring plan, the number
          of people involved, the final agreed termination benefits and the costs
          associated with the transfer of equipment, products and processes.</FONT></P>
    </div>
    <P align="center"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">F-32</FONT></P>
    <hr noshade align="center" width="100%" size=2>
    <div style="page-break-before:always"></div>
    <page><a name="pf33"></a>
    <p><a href="#index"><font size="2">Back to Index</font></a></p>
    <table width="100%" border="0" cellspacing="0" cellpadding="0">
      <tr>
        <td width="3%"><font size=2 face="AdvTimes,Times New Roman,Times,serif"><b>22.</b></font></td>
        <td><font size=2 face="AdvTimes,Times New Roman,Times,serif"><b>Interest
              expense, net</b></font></td>
      </tr>
      <tr>
        <td>&nbsp;</td>
        <td><font size=2 face="AdvTimes,Times New Roman,Times,serif">In</font><font size=2 face="AdvTimes,Times New Roman,Times,serif">terest
            expense, net consisted of the following:</font></td>
      </tr>
      <tr>
        <td>&nbsp;</td>
        <td>&nbsp;</td>
      </tr>
    </table>
    <TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
      <TR>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Year
              ended</FONT></b></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Year
              ended</FONT></b></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Year
              ended</FONT></b></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</FONT></b></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</FONT></b></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</FONT></b></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2004</FONT></b></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2003</FONT></b></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2002</FONT></b></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Income</FONT></TD>
        <TD width=10% align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">41</FONT></b></TD>
        <TD width=2%>&nbsp;</TD>
        <TD width=10% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">37</FONT></TD>
        <TD width=2%>&nbsp;</TD>
        <TD width=10% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">49</FONT></TD>
        <TD width=2%>&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Expense</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(44</FONT></b></TD>
        <TD><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></b></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(89</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(117</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><b>&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Total</FONT></b></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(3</FONT></b></TD>
        <TD><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></b></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(52</FONT></b></TD>
        <TD><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></b></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(68</FONT></b></TD>
        <TD><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></b></TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
    </TABLE>
    <div style="text-indent:3%">
      <P align="left"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Capitalized
          interest was $3 million, $2 million and $3 million, in 2004, 2003 and
          2002, respectively.</FONT> </P>
    </div>
    <table width="100%" border="0" cellspacing="0" cellpadding="0">
      <tr>
        <td width="3%"><font size=2 face="AdvTimes,Times New Roman,Times,serif"><b>23.</b></font></td>
        <td><b><font size=2 face="AdvTimes,Times New Roman,Times,serif">Loss
              on extinguishment of convertible debt</font></b></td>
      </tr>
    </table>
    <div style="text-indent:3%">
      <p><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">In 2004, the
          Company repurchased on the market all of the remaining 3.75% zero coupon
          convertible bonds due 2010 for a cash amount totalling $375 million.
          The repurchased convertible bonds were equivalent to 4,403,075 shares
          and were cancelled. In relation to this repurchase, the Company recorded
          a non-operating pre-tax charge in 2004 of $4 million, of which $3 million
          related to the price paid in excess of the repurchased convertible
          bonds accreted value and $1 million related to the write-off of the
          related bond issuance costs.</FONT></p>
    </div>
    <div style="text-indent:3%">
      <P align="left"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">In
          2003, the Company repurchased on the market approximately $1,674 million
          aggregate principal amount at maturity of the 3.75% zero coupon convertible
          bonds due 2010. The total cash amount paid was approximately $1,304
          million. The repurchased convertible bonds were equivalent of 15,596,824
          shares and were cancelled. In relation to these repurchases, the Company
          recorded a one-time non-operating pre-tax charge in 2003 of $39 million,
          of which $30 million related to the price paid in excess of the repurchased
          convertible bond&#146;s accreted value and $9 million related to the
          write-off of bond issuance costs.</FONT></P>
    </div>
    <table width="100%" border="0" cellspacing="0" cellpadding="0">
      <tr>
        <td width="3%"><font size=2 face="AdvTimes,Times New Roman,Times,serif"><b>24.</b></font></td>
        <td><b><font size=2 face="AdvTimes,Times New Roman,Times,serif">Income
              tax</font></b></td>
      </tr>
      <tr>
        <td>&nbsp;</td>
        <td><font size=2 face="AdvTimes,Times New Roman,Times,serif">Income before
            income tax expense is comprised of the following:</font></td>
      </tr>
      <tr>
        <td>&nbsp;</td>
        <td>&nbsp;</td>
      </tr>
    </table>
    <TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
      <TR>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Year
              ended</FONT></b></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Year
              ended</FONT></b></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Year
              ended</FONT></b></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</FONT></b></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</FONT></b></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</FONT></b></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2004</FONT></b></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2003</FONT></b></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2002</FONT></b></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Income (loss)
            recorded in The Netherlands</FONT></TD>
        <TD width=10% align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">12</FONT></b></TD>
        <TD width=2%>&nbsp;</TD>
        <TD width=10% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">15</FONT></TD>
        <TD width=2%>&nbsp;</TD>
        <TD width=10% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(1</FONT></TD>
        <TD width=2%><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Income from
            foreign operations</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">660</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">227</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">523</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Income before
            income tax expense</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">672</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">242</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">522</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
    </TABLE>
    <div style="text-indent:3%">
      <P> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">STMicroelectronics
          N.V. and its subsidiaries are individually liable for income taxes
          in their jurisdictions. Tax losses can only offset profits generated
          by the taxable entity incurring such loss.</FONT> </P>
    </div>
    <div style="text-indent:3%">
      <P> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Income tax
          benefit (expense) is comprised of the following:</FONT> </P>
    </div>
    <TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
      <TR>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Year
              ended</FONT></b></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Year
              ended</FONT></b></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Year
              ended</FONT></b></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</FONT></b></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</FONT></b></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</FONT></b></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2004</FONT></b></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2003</FONT></b></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2002</FONT></b></TD>
        <TD><font size="1" face="AdvTimes,Times New Roman,Times,serif">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">The Netherlands
            taxes &#150; current</FONT></TD>
        <TD width=10% align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(6</FONT></b></TD>
        <TD width=2%><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></b></TD>
        <TD width=10% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(4</FONT></TD>
        <TD width=2%><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD width=10% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">25</FONT></TD>
        <TD width=2%>&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Foreign
            taxes &#150; current</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(52</FONT></b></TD>
        <TD><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></b></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(81</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(100</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Current
            taxes</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(58</FONT></b></TD>
        <TD><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></b></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(85</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(75</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Foreign
            deferred taxes</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(10</FONT></b></TD>
        <TD><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></b></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">99</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(14</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Income tax
            benefit (expense)</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(68</FONT></b></TD>
        <TD><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></b></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">14</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(89</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
    </TABLE>
    <p align="center"><font size=2 face="AdvTimes,Times New Roman,Times,serif">F-33</font> </p>
    <hr noshade align="center" width="100%" size=2>
    <div style="page-break-before:always"></div>
    <page><a name="pf34"></a>
    <p><a href="#index"><font size="2">Back to Index</font></a></p>
    <div style="text-indent:3%">
      <P> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">The principal
          items comprising the differences in income taxes computed at The Netherlands
          statutory rate (34.5%) and the effective income tax rate are the following:</FONT> </P>
    </div>
    <TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
      <TR>
        <TD rowspan="3">&nbsp;</TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Year
              ended</FONT></b></TD>
        <TD rowspan="3">&nbsp;</TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Year
              ended</FONT></b></TD>
        <TD rowspan="3">&nbsp;</TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Year
              ended</FONT></b></TD>
        <TD rowspan="3">&nbsp;</TD>
      </TR>
      <TR>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</FONT></b></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</FONT></b></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</FONT></b></TD>
      </TR>
      <TR>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2004</FONT></b></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2003</FONT></b></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2002</FONT></b></TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Income tax
            expense computed at statutory rate</FONT></TD>
        <TD width=10% align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(232</FONT></b></TD>
        <TD width=2%><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></b></TD>
        <TD width=10% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(83</FONT></TD>
        <TD width=2%><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD width=10% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(183</FONT></TD>
        <TD width=2%><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Permanent
            and other differences</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(11</FONT></b></TD>
        <TD><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></b></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(3</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(32</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Change in
            valuation allowances</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&#151;</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(1</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(1</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Impact of
            final tax assessments relating to prior years</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">3</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">6</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">27</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Effects
            of change in enacted tax rate on deferred taxes..</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">18</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&#151;</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&#151;</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Current
            year credits</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">28</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">12</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">9</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Other tax
            and credits</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(3</FONT></b></TD>
        <TD><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></b></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(5</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(3</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Benefits
            from tax holidays</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">77</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">67</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">62</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Earnings
            of subsidiaries taxed at different rates</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">52</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">21</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">32</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Income tax
            benefit (expense)</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(68</FONT></b></TD>
        <TD><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></b></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">14</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(89</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
    </TABLE>
    <div style="text-indent:3%">
      <P align="left"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">The
          tax holidays represent a tax exemption period aimed to attract foreign
          technological investment in certain tax jurisdictions. The effect of
          the tax benefits on basic earnings per share was $0.09, $0.07 and $0.06
          for the years ended December 31, 2004, 2003 and 2002, respectively.
          These agreements are present in various countries and include programs
          that reduce up to and including 100% of taxes in agreed upon years.
          The Company&#146;s tax holidays expire at various dates through the
          year ending December 31, 2013.</FONT></P>
    </div>
    <div style="text-indent:3%">
      <P align="left"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Deferred
          tax assets and liabilities consisted of the following:</FONT> </P>
    </div>
    <TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
      <TR>
        <TD>&nbsp;</TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</FONT></b></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2004</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2003</FONT></b></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Tax loss
            carryforwards and investment credits</FONT></TD>
        <TD width=10% align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">162</FONT></b></TD>
        <TD width=2%>&nbsp;</TD>
        <TD width=10% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">141</FONT></TD>
        <TD width=2%>&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Inventory
            valuation</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">16</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">27</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Impairment
            charges and restructuring</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">35</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">79</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Fixed asset
            depreciation in arrears</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">72</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">52</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Receivables
            for government funding</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">69</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">40</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Tax allowance
            granted on past capital investment</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">765</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">627</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Pension
            service costs</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">13</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">11</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Commercial
            accruals</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">15</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">11</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Other temporary
            differences</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">45</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">40</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Total deferred
            tax assets</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1,192</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1,028</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Valuation
            allowances</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(855</FONT></b></TD>
        <TD><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></b></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(709</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Deferred
            tax assets, net</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">337</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">319</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Accelerated
            fixed assets depreciation</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(147</FONT></b></TD>
        <TD><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></b></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(172</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Acquired
            intangible assets</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(6</FONT></b></TD>
        <TD><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></b></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(3</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Advances
            of government funding</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(37</FONT></b></TD>
        <TD><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></b></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(23</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Other temporary
            differences</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(28</FONT></b></TD>
        <TD><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></b></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(17</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Deferred
            tax liabilities</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(218</FONT></b></TD>
        <TD><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></b></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(215</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Net deferred
            income tax asset</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">119</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">104</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
    </TABLE>
    <div style="text-indent:3%">
      <P align="left"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">The
          tax allowance granted on past capital investments mainly relates to
          a 2003 agreement granting the Company certain tax credits for capital
          investments purchased through the year ending December 31, 2006 at
          the earliest. The tax credits granted under the agreement will continue
          to increase by a legal inflationary index of 7% per annum. The credits
          may be utilized through 2022, at which time any unused amounts will
          be lost. In addition to this agreement, the Company will continue to
          receive tax credits on future years&#146; capital investments, which
          may be used to offset that years&#146; tax liabilities. Additionally,
          the amounts previously reported for 2003 have been revised to reflect
          improved estimates of the actual credits earned under the agreement
          as of December 31, 2003. However, the inability to utilize these credits
          currently and in future years, results in a full valuation allowance
          taken against the revised figures. As a result, there is no financial
          impact to the net deferred tax assets of the Company.</FONT></P>
    </div>
    <P align="center"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">F-34</FONT> </P>
    <hr noshade align="center" width="100%" size=2>
    <div style="page-break-before:always"></div>
    <page><a name="pf35"></a>
    <p><a href="#index"><font size="2">Back to Index</font></a></p>
    <div style="text-indent:3%">
      <P align="left"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Tax
          loss carryforwards include $37 million in net operating losses acquired
          in business combinations, which continue to be fully provided for at
          December 31, 2004. Any eventual use of these tax loss carryforwards
          would result in a reduction of the goodwill recorded in the original
          business combination.</FONT></P>
    </div>
    <div style="text-indent:3%">
      <P align="left"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">As
          of December 31, 2004, the Company and its subsidiaries have net operating
          loss carryforwards and investment credits that expire starting 2005,
          as follows:</FONT> </P>
    </div>
    <TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
      <TR>
        <TD><FONT size=1 face="AdvTimes,Times New Roman,Times,serif"><b>Year</b></FONT></TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2005</FONT></TD>
        <TD width=2%>&nbsp;</TD>
        <TD width=10% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">15</FONT></TD>
        <TD width=2%>&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2006</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">8</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2007</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2008</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&#151;</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Thereafter</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">138</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Total</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><b>162</b></FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
    </TABLE>
    <table width="100%" border="0" cellspacing="0" cellpadding="0">
      <tr>
        <td width="3%">&nbsp;</td>
        <td>&nbsp;</td>
      </tr>
      <tr>
        <td><b><font size=2 face="AdvTimes,Times New Roman,Times,serif">25.</font></b></td>
        <td><b><font size=2 face="AdvTimes,Times New Roman,Times,serif">Commitments</font></b></td>
      </tr>
    </table>
    <div style="text-indent:3%">
      <p> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">The Company&#146;s
          commitments as of December 31, 2004 were as follows:</FONT></p>
    </div>
    <TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
      <TR>
        <TD>&nbsp;</TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Total</FONT></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2005</FONT></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2006</FONT></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2007</FONT></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2008</FONT></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2009</FONT></b></TD>
        <TD><font size="1">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Thereafter</FONT></b></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD colspan="13" align="center"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(in
              millions of dollars)</FONT></b></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Operating
            leases</FONT></TD>
        <TD width=8% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">273</FONT></TD>
        <TD width=2%>&nbsp;</TD>
        <TD width=8% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">45</FONT></TD>
        <TD width=2%>&nbsp;</TD>
        <TD width=8% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">37</FONT></TD>
        <TD width=2%>&nbsp;</TD>
        <TD width=8% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">28</FONT></TD>
        <TD width=2%>&nbsp;</TD>
        <TD width=8% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">24</FONT></TD>
        <TD width=2%>&nbsp;</TD>
        <TD width=8% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">17</FONT></TD>
        <TD width=2%>&nbsp;</TD>
        <TD width=8% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">122</FONT></TD>
        <TD width=2%>&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Purchase
            obligations</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">881</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">842</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">36</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">3</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">0</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">0</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">0</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD><i><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Of which:</FONT></i></TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><i>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Equipment
              purchase</FONT></i></TD>
        <TD align="right"><i><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">568</FONT></i></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><i><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">568</FONT></i></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><i><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">0</FONT></i></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><i><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">0</FONT></i></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><i><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">0</FONT></i></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><i><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">0</FONT></i></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><i><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">0</FONT></i></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD><i>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Foundry
              purchase</FONT></i></TD>
        <TD align="right"><i><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">176</FONT></i></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><i><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">176</FONT></i></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><i><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">0</FONT></i></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><i><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">0</FONT></i></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><i><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">0</FONT></i></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><i><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">0</FONT></i></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><i><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">0</FONT></i></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><i>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font size=2 face="AdvTimes,Times New Roman,Times,serif">Software,
              technology licenses and design</font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</i></TD>
        <TD align="right"><i><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">137</FONT></i></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><i><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">98</FONT></i></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><i><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">36</FONT></i></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><i><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">3</FONT></i></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><i><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">0</FONT></i></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><i><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">0</FONT></i></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><i><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">0</FONT></i></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Joint Venture
            Agreement with</FONT></TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Hynix Semiconductor
            Inc.</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">250</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">125</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">125</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">0</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">0</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">0</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">0</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Other obligations</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">168</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">73</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">49</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">36</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">3</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">5</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><b>Total</b></FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1,572</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1,085</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">247</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">67</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">27</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">19</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">127</FONT></b></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
    </TABLE>
    <div style="text-indent:3%">
      <P align="left"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">The
          Company leases land, buildings, plants, and equipment under operating
          leases that expire at various dates under non-cancellable lease agreements.
          Operating lease expense was $45 million, $54 million and $37 million
          in 2004, 2003 and 2002, respectively.</FONT></P>
    </div>
    <div style="text-indent:3%">
      <P align="left"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">The
          Company and Hynix Semiconductor signed on November 16, 2004 a joint-venture
          agreement to build a front-end memory-manufacturing facility in Wuxi
          City, Jiangsu Province, China. The conditions for the inception of
          the new company were not met at December 31, 2004. The Company expects
          to record the investment under the equity method in 2005. In addition
          the Company is committed to grant a loan of $250 million to the new
          joint venture.</FONT></P>
    </div>
    <div style="text-indent:3%">
      <P align="left"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Other
          obligations primarily relate to contractual firm commitments with respect
          to cooperation agreements.</FONT> </P>
    </div>
    <P align="left"><b> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Other
          commitments</FONT> </b></P>
    <div style="text-indent:3%">
      <P align="left"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">The
          Company has issued guarantees totalling $326 million related to its
          subsidiaries&#146; debt.</FONT> </P>
    </div>
    <table width="100%" border="0" cellspacing="0" cellpadding="0">
      <tr>
        <td width="3%"><b><font size=2 face="AdvTimes,Times New Roman,Times,serif">26.</font></b></td>
        <td><b><font size=2 face="AdvTimes,Times New Roman,Times,serif">Contingencies </font></b></td>
      </tr>
    </table>
    <div style="text-indent:3%">
      <p><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">The Company
          is subject to the possibility of loss contingencies arising in the
          ordinary course of business. These include but are not limited to:
          warranty cost on the products of the Company not covered by insurance,
          breach of contract claims, claims for unauthorized use of third party
          intellectual property, tax claims and provisions for specifically identified
          income tax exposures as well as claims for environmental damages. In
          determining loss contingencies, the Company considers the likelihood
          of a loss of an asset or the incurrence of a liability as well as the
          ability to reasonably estimate the amount of such loss or liability.
          An estimated loss is recorded when it is probable that a liability
          has been incurred and when the amount of</FONT> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">the
          loss can be reasonably estimated. The Company regularly reevaluates
          claims to determine whether provisions need to be readjusted</FONT></P>
    </div>
    <P align="center"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">F-35</FONT> </P>
    <hr noshade align="center" width="100%" size=2>
    <div style="page-break-before:always"></div>
    <page><a name="pf36"></a>
    <p><a href="#index"><font size="2">Back to Index</font></a></p>
    <P> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif"> based on the
        most current information available to the Company. Adverse changes in
        evaluations which result in adverse determinations with respect to the
        interests of the Company could have a material negative effect on the
        Company&#146;s results of operations, cash flows or its financial position
        for the period in which they occur.</FONT></P>
    <table width="100%" border="0" cellspacing="0" cellpadding="0">
      <tr>
        <td width="3%"><b><font size=2 face="AdvTimes,Times New Roman,Times,serif">27.</font></b></td>
        <td><b><font size=2 face="AdvTimes,Times New Roman,Times,serif">Claims
              and legal proceedings </font></b></td>
      </tr>
    </table>
    <div style="text-indent:3%">
      <p> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">The Company
          has received and may in the future receive communications alleging
          possible infringements, in particular in case of patents and similar
          intellectual property rights of others. Furthermore, the Company may
          become involved in costly litigation brought against the Company regarding
          patents, mask works, copy rights, trade marks or trade secrets. In
          the event that the outcome of any litigation would be unfavorable to
          the Company, the Company may be required to license the underlying
          intellectual property right at economically unfavorable terms and conditions,
          and possibly pay damages for prior use and/or face an injunction, all
          of which individually or in the aggregate could have a material adverse
          effect on the Company&#146;s results of operations, cash flows or financial
          position and ability to compete.</FONT></P>
    </div>
    <div style="text-indent:3%">
      <P align="left"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">The
          Company is involved in various lawsuits, claims, investigations and
          proceedings incidental to the normal conduct of its operations, other
          than external patent utilization. These matters mainly include the
          risks associated with claims from customers or other parties and tax
          disputes. The Company has accrued for these loss contingencies when
          the loss is probable and can be estimated. The Company regularly evaluates
          claims and legal proceedings together with their related probable losses
          to determine whether they need to be adjusted based on the current
          information available to the Company. Legal costs associated with claims
          are expensed as incurred. In the event of litigation which is adversely
          determined with respect to the Company&#146;s interests, or in the
          event the Company needs to change its evaluation of a potential third-party
          claim, based on new evidence or communications, a material adverse
          effect could impact its operations or financial condition at the time
          it were to materialize.</FONT></P>
    </div>
    <div style="text-indent:3%">
      <P align="left"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">During
          2004, the Company has settled certain disputes with respect to claims
          and litigation relating to possible infringements of patents and similar
          intellectual property rights of others. An accrual of $10 million had
          been established at December 31, 2003 for such claims, which will be
          paid in the first quarter of 2005 in accordance with the final settlement.
          No additional accrual has been recorded in 2004 since no other risks
          were estimated to result in a probable loss.</FONT></P>
    </div>
    <table width="100%" border="0" cellspacing="0" cellpadding="0">
      <tr>
        <td width="3%"><b><font size=2 face="AdvTimes,Times New Roman,Times,serif">28.</font></b></td>
        <td><b><font size=2 face="AdvTimes,Times New Roman,Times,serif">Financial
              instruments and risk management</font></b></td>
      </tr>
    </table>
    <div style="text-indent:3%">
      <p><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">The Company
          is exposed to changes in financial market conditions in the normal
          course of business due to its operations in different foreign currencies
          and its ongoing investing and financing activities. Market risk is
          the uncertainty to which future earnings or asset/liability values
          are exposed due to operating cash flows denominated in foreign currencies
          and various financial instruments used in the normal course of operations.</FONT></P>
    </div>
    <div style="text-indent:3%">
      <P align="left"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Treasury
          activities are regulated by the Company&#146;s policies, which define
          procedures, objectives and controls. The policies focus on the management
          of financial risk in terms of exposure to currency rates and interest
          rates. Treasury controls include systematic reporting to the Chief
          Executive Officer and are subject to internal audits. Most treasury
          activities are centralized, with any local treasury activities subject
          to oversight from head treasury office. The majority of cash and cash
          equivalents are held in U.S. dollars and are placed with financial
          institutions rated &#145;&#145;A&#146;&#146; or higher. Marginal amounts
          are held in other currencies. Foreign currency operations and hedging
          transactions are performed only to cover commercial positions.</FONT></P>
    </div>
    <div style="text-indent:3%">
      <P align="left"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><i>28.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Foreign
            Currency Risk</i></FONT></P>
    </div>
    <div style="text-indent:3%">
      <P align="left"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">The
          Company conducts its business on a global basis in various major international
          currencies. As a result, the Company is exposed to adverse movements
          in foreign currency exchange rates.</FONT> </P>
    </div>
    <div style="text-indent:3%">
      <P align="left"><i> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Foreign
            Currency Forward Contracts Not Designated as a Hedge</FONT> </i></P>
    </div>
    <div style="text-indent:3%">
      <P align="left"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">The
          Company enters into foreign currency forward contracts and currency
          options to reduce its exposure to changes in exchange rates and the
          associated risk arising from the denomination of certain assets and
          liabilities in foreign currencies at the Company&#146;s subsidiaries.
          These include receivables from</FONT> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">international
          sales by various subsidiaries in foreign currencies, payables for foreign
          currency denominated purchases and certain other assets and liabilities
          arising in intercompany transactions.</FONT></P>
    </div>
    <div style="text-indent:3%">
      <P align="left"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">The
          notional amount of these foreign currency forward contracts totalled
          $7,013 million and $1,568 million at December 31, 2004 and 2003, respectively.
          The principal currencies covered are the U.S. dollar, the Euro, the
          Singapore dollar and the Japanese yen.</FONT></P>
    </div>
    <P align="center"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">F-36</FONT></P>
    <hr noshade align="center" width="100%" size=2>
    <div style="page-break-before:always"></div>
    <page><a name="pf37"></a>
    <p><a href="#index"><font size="2">Back to Index</font></a></p>
    <div style="text-indent:3%">
      <P align="left"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">The
          risk of loss associated with purchased options is limited to premium
          amounts paid for the option contracts. The risk of loss associated
          with forward contracts is equal to the exchange rate differential from
          the time the contract is entered into until the time it is settled.
          At December 31, 2004 and 2003, no currency options were outstanding.</FONT></P>
    </div>
    <div style="text-indent:3%">
      <P align="left"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Foreign
          currency forward contracts not designated as a hedge outstanding as
          of December 31, 2004 have remaining terms of 4 days to seven months,
          maturing on average after 88 days.</FONT> </P>
    </div>
    <div style="text-indent:3%">
      <P align="left"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><i>Cash
            Flow Hedges</i></FONT></P>
    </div>
    <div style="text-indent:3%">
      <P align="left"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">To
          further reduce its exposure to U.S. dollar exchange rate fluctuations,
          the Company hedged in 2004 certain euro-denominated forecasted transactions
          that cover at year-end a large part of its research and development,
          selling, general and administrative expenses, as well as a portion
          of its front-end manufacturing costs of semi-finished goods.</FONT></P>
    </div>
    <div style="text-indent:3%">
      <P align="left"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">The
          notional amount of foreign currency forward contracts designated as
          cash flow hedges totalled $1,839 million and $0 million at December
          31, 2004 and 2003, respectively. The forecasted transactions hedged
          at December 31, 2004 were determined to be probable of occurrence at
          December 31, 2004.</FONT></P>
    </div>
    <div style="text-indent:3%">
      <P align="left"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">As
          of December 31, 2004, $59 million of deferred gains on derivative instruments,
          net of tax of $5 million, included in accumulated other comprehensive
          income are expected to be reclassified as earnings during the next
          six months based on the monthly forecasted research and development
          expenses, corporate costs and semi-finished manufacturing costs.</FONT></P>
    </div>
    <div style="text-indent:3%">
      <P align="left"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Foreign
          exchange forward contracts designated as cash flow hedges outstanding
          as of December 31, 2004 have remaining terms of 19 days to six months,
          maturing on average after 97 days.</FONT> </P>
    </div>
    <div style="text-indent:3%">
      <P align="left"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><i>28.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Concentration
            of credit risk</i></FONT>
    </div>
    <div style="text-indent:3%">
      <P align="left"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Financial
          instruments that potentially subject the Company to concentrations
          of credit risk consist primarily of interest-bearing investments, foreign
          currency forward contacts and trade receivables. The Company places
          its cash and cash equivalents and certain other financial instruments
          with a variety of high credit quality financial institutions and has
          not experienced any material losses relating to such instruments. The
          Company invests its excess cash in accordance with its investment policy
          that aims to minimize credit risk.</FONT></P>
    </div>
    <div style="text-indent:3%">
      <P align="left"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">The
          Company controls the credit risks associated with financial instruments
          through credit approvals, investment limits and centralized monitoring
          procedures but does not normally require collateral or other security
          from the parties to financial instruments. At December 31, 2004 and
          2003, one customer, the Nokia Group of companies, represented 15.2%
          and 11.7% of trade accounts receivable, respectively. Any remaining
          concentrations of credit risk with respect to trade receivables are
          limited due to the large number of customers and their dispersion across
          many geographic areas. The Company monitors the creditworthiness of
          its customers to which it grants credit terms in the normal course
          of business. The Company does not anticipate non-performance by counterparties,
          which could have a significant impact on its financial position or
          results of operations.</FONT></P>
    </div>
    <div style="text-indent:3%">
      <P align="left"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><i>28.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fair
            value of financial instruments</i></FONT></P>
    </div>
    <div style="text-indent:3%">
      <P align="left"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">The
          estimates of fair value were obtained using prevailing financial market
          information resulting from various valuation techniques.</FONT> </P>
    </div>
    <TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
      <TR>
        <TD rowspan="4"><font size="1">&nbsp;</font><font size="1">&nbsp;</font><font size="1">&nbsp;</font><font size="1">&nbsp;</font></TD>
        <TD colspan="3" align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2004</FONT></b></TD>
        <TD rowspan="4">&nbsp;</TD>
        <TD colspan="3" align="center"><b><font size=1 face="AdvTimes,Times New Roman,Times,serif">2003</font></b></TD>
        <TD rowspan="4">&nbsp;</TD>
      </TR>
      <TR>
        <TD colspan="3"><hr noshade size=1>
        </TD>
        <TD colspan="3">
          <hr noshade size=1>
        </TD>
      </TR>
      <TR>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Carrying</FONT></b></TD>
        <TD rowspan="2">&nbsp;</TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Estimated</FONT></b></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Carrying</FONT></b></TD>
        <TD rowspan="2">&nbsp;</TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Estimated</FONT></b></TD>
      </TR>
      <TR>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Amount</FONT></b></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Fair
              Value</FONT></b></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Amount</FONT></b></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">Fair
              Value</FONT></b></TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><hr noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Long-term
              debt</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&#150; Bank
            loans (including current&nbsp;portion)</FONT></TD>
        <TD width="10%" align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">521</FONT></b></TD>
        <TD width="2%" align="left" bgcolor="#eeeeee">&nbsp;</TD>
        <TD width="10%" align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">505</FONT></b></TD>
        <TD width="2%" align="left" bgcolor="#eeeeee">&nbsp;</TD>
        <TD width="10%" align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">506</FONT></TD>
        <TD width="2%" align="left" bgcolor="#eeeeee">&nbsp;</TD>
        <TD width="10%" align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">498</FONT></TD>
        <TD width="2%" align="left" bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD><font size=2 face="AdvTimes,Times New Roman,Times,serif">&#150; Convertible
            debt</font></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1,379</FONT></b></TD>
        <TD align="right">&nbsp;</TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1,326</FONT></b></TD>
        <TD align="right">&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2,544</FONT></TD>
        <TD align="right">&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2,706</FONT></TD>
        <TD align="right">&nbsp;</TD>
      </TR>
      <TR>
        <TD><b><font size=2 face="AdvTimes,Times New Roman,Times,serif">Other
              receivables and assets</font></b></TD>
        <TD align="right">&nbsp;</TD>
        <TD align="right">&nbsp;</TD>
        <TD align="right">&nbsp;</TD>
        <TD align="right">&nbsp;</TD>
        <TD align="right">&nbsp;</TD>
        <TD align="right">&nbsp;</TD>
        <TD align="right">&nbsp;</TD>
        <TD align="right">&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><font size=2 face="AdvTimes,Times New Roman,Times,serif">&#150; Foreign
            exchange forward contracts..</font></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><b>200</b></FONT></TD>
        <TD align="right">&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><b>200</b></FONT></TD>
        <TD align="right">&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">38</FONT></TD>
        <TD align="right">&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">38</FONT></TD>
        <TD align="right">&nbsp;</TD>
      </TR>
      <TR>
        <TD><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Other
              payables and accrued liabilities</FONT></b></TD>
        <TD align="right">&nbsp;</TD>
        <TD align="right">&nbsp;</TD>
        <TD align="right">&nbsp;</TD>
        <TD align="right">&nbsp;</TD>
        <TD align="right">&nbsp;</TD>
        <TD align="right">&nbsp;</TD>
        <TD align="right">&nbsp;</TD>
        <TD align="right">&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&#150; Foreign
            exchange forward contracts..</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">109</FONT></b></TD>
        <TD align="right">&nbsp;</TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">109</FONT></b></TD>
        <TD align="right">&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">8</FONT></TD>
        <TD align="right">&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">8</FONT></TD>
        <TD align="right">&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD align="right"><HR noshade size=1>
        </TD>
        <TD align="right">&nbsp;</TD>
        <TD align="right"><HR noshade size=1>
        </TD>
        <TD align="right">&nbsp;</TD>
        <TD align="right"><HR noshade size=1>
        </TD>
        <TD align="right">&nbsp;</TD>
        <TD align="right"><HR noshade size=1>
        </TD>
        <TD align="right">&nbsp;</TD>
      </TR>
    </TABLE>
    <p align="center"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">F-37</FONT></p>
    <hr noshade align="center" width="100%" size=2>
    <div style="page-break-before:always"></div>
    <page><a name="pf38"></a>
    <p><a href="#index"><font size="2">Back to Index</font></a></p>
    <div style="text-indent:3%">
      <P align="left"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">The
          methodologies used to estimate fair value are as follows:</FONT> </P>
    </div>
    <P align="left"><b> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Cash
          and cash equivalents, accounts receivable, bank overdrafts, short-term
          borrowings, accounts payable</FONT></b></P>
    <div style="text-indent:3%">
      <P align="left"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif"> The
          carrying amounts reflected in the consolidated financial statements
          are reasonable estimates of fair value due to the relatively short
          period of time between the origination of the instruments and their
          expected realization.</FONT></P>
    </div>
    <P align="left"><b> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Long-term
          debt and current portion of long-term debt</FONT> </b></P>
    <div style="text-indent:3%">
      <P align="left"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">The
          fair values of long-term debt were determined based on quoted market
          prices, and by estimating future cash flows on a borrowing-by-borrowing
          basis and discounting these future cash flows using the Company&#146;s
          incremental borrowing rates for similar types of borrowing arrangements.</FONT></P>
    </div>
    <P align="left"><b> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Foreign
          exchange forward contracts</FONT> </b></P>
    <div style="text-indent:3%">
      <P align="left"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">The
          fair values of these instruments are estimated based upon quoted market
          prices for the same or similar instruments.</FONT> </P>
    </div>
    <table width="100%" border="0" cellpadding="0" cellspacing="0">
      <tr>
        <td width="3%"><font size=2 face="AdvTimes,Times New Roman,Times,serif"><b>29.</b></font></td>
        <td align="left"><font size=2 face="AdvTimes,Times New Roman,Times,serif"><b>Related
              party transactions</b></font> </td>
      </tr>
    </table>
    <div style="text-indent:3%">
      <P align="left"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Transactions
          with significant shareholders, their affiliates and other related parties
          were as follows:</FONT>
    </div>
    <TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
      <TR>
        <TD rowspan="3">&nbsp;</TD>
        <TD align="center"><div align="right"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
                31,</FONT></b></div>
        </TD>
        <TD rowspan="2">&nbsp;</TD>
        <TD align="center"><div align="right"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
                31,</FONT></b></div>
        </TD>
        <TD rowspan="2">&nbsp;</TD>
        <TD align="center"><div align="right"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
                31,</FONT></b></div>
        </TD>
        <TD rowspan="2"><font size="1">&nbsp;</font><font size="1">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD align="center"><div align="right"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2004</FONT></b></div>
        </TD>
        <TD align="center"><div align="right"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2003</FONT></b></div>
        </TD>
        <TD align="center"><div align="right"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2002</FONT></b></div>
        </TD>
      </TR>
      <TR>
        <TD><HR align="right" size=1 noshade>
        </TD>
        <TD><HR align="right" size=1 noshade>
        </TD>
        <TD><HR align="right" size=1 noshade>
        </TD>
        <TD><HR align="right" size=1 noshade>
        </TD>
        <TD><HR align="right" size=1 noshade>
        </TD>
        <TD><font size="1">&nbsp;</font></TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Sales &amp; other
            services</FONT></TD>
        <TD width=10% align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">9</FONT></b></TD>
        <TD width=2% bgcolor="#eeeeee">&nbsp;</TD>
        <TD width=10% align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">10</FONT></TD>
        <TD width=2% bgcolor="#eeeeee">&nbsp;</TD>
        <TD width=10% align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1</FONT></TD>
        <TD width=2% bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Research
            and development expenses</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(46</FONT></b></TD>
        <TD><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></b></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(34</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(29</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Other
            purchases</FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(23</FONT></b></TD>
        <TD bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></b></TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(9</FONT></TD>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(13</FONT></TD>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Other incomes
            and expenses</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(25</FONT></b></TD>
        <TD><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></b></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(8</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(10</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Accounts
            receivable</FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">6</FONT></b></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&#151;</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Accounts
            payable</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">18</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">22</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">11</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Other
            assets</FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2</FONT></b></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&#151;</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&#151;</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
    </TABLE>
    <div style="text-indent:3%">
      <P align="left"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">For
          the years ended December 31, 2004, 2003 and 2002, the related party
          transactions were primarily with Areva, France Telecom, Finmeccanica,
          Equant and Orange, which represent significant shareholders of the
          Company, or their subsidiaries. See Note 1.</FONT></P>
    </div>
    <div align="left" style="text-indent:3%">
      <P align="left"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">In
          addition the Company participates in an Economic Interest Group (&#145;&#145;E.I.G.&#146;&#146;)
          in France with Areva and France Telecom to share the costs of certain
          research and development activities, which were not included in the
          previous table. The share of income (expense) recorded by the Company
          as research and development expenses incurred by E.I.G. during 2004
          amounted to $3 million income, to $0 million in 2003, and to $3 million
          expense in 2002. At December 31, 2004 and 2003, the Company had a net
          receivable amount of $1 million.</FONT></P>
    </div>
    <div align="left" style="text-indent:3%">
      <P align="left"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Furthermore,
          the Company contributed cash amounts totalling $3 million, $4 million
          and $2 million for the years ended December 31, 2004, 2003 and 2002,
          respectively to the ST Foundation, a non-profit organization established
          to deliver and coordinate independent programs in line with its mission.
          Certain members of the Foundation&#146;s Board are senior members of
          the Company&#146;s management.</FONT></P>
    </div>
    <table width="100%" border="0" cellpadding="0" cellspacing="0">
      <tr>
        <td width="3%"><font size=2 face="AdvTimes,Times New Roman,Times,serif"><b>30.</b></font></td>
        <td align="left"><font size=2 face="AdvTimes,Times New Roman,Times,serif"><b>Segment
              information</b></font> </td>
      </tr>
    </table>
    <div style="text-indent:3%">
      <p><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">The Company
          operates in two business areas: Semiconductor and Subsystems.</FONT></p>
    </div>
    <div style="text-indent:3%">
      <P align="left"> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">In
          the Semiconductor business area, the Company designs, develops, manufactures
          and markets a broad range of products including discrete, memories
          and standard commodity components, ASICSs (full custom devices and
          semicustom devices) and ASSPs for analog, digital, and mixed-signal
          applications. In addition, following the acquisition of Incard, the
          Company started the full chain manufacturing of smart card products,
          which includes the production and sale of chips, as in the past, and
          of cards. The Company&#146;s principle investment and resource allocation
          decisions are in the Semiconductor business area for expenditures on
          research and development and capital investments in front-end and back-end
          manufacturing facilities. The Company manages its semiconductor products
          in four segments, following the Company&#146;s four main products groups:
          Telecommunications, Peripherals and Automotive; Discrete</FONT> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">and
          Standard ICs; Memory Products and Consumer and Microcontroller (collectively
          referred to as the &#145;&#145;Groups&#146;&#146;). Revenues and operating
          results of</FONT></P>
    </div>
    <P align="center"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">F-38</FONT></P>
    <hr noshade align="center" width="100%" size=2>
    <div style="page-break-before:always"></div>
    <page><a name="pf39"></a>
    <p><a href="#index"><font size="2">Back to Index</font></a></p>
    <P><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">the manufacturing
        of the smart card products are included in Memory Products group. The
        Company manages its revenues and internal operating income performance
        based on these segments.</FONT> </P>
    <div style="text-indent:3%">
      <P><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">In the Subsystems
          segment, the Company designs, develops, manufactures and markets subsystems
          and modules for the Telecom, Automotive and Industrial markets including
          mobile phone accessories, battery chargers, ISDN power supplies and
          in-vehicle equipment for electronic toll payment. Based on its immateriality
          to the Company, the Subsystems segment does not meet the requirements
          for a reportable segment as defined in Statement of Financial Accounting
          Standards No. 131, <i>Disclosures about Segments of an Enterprise and
          Related Information </i>(&#145;&#145;FAS 131&#146;&#146;).</FONT></P>
    </div>
    <div style="text-indent:3%">
      <P><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">The following
          tables present the Company&#146;s internal net revenues and operating
          income by semiconductor product segment. For the computation of the
          Groups&#146; internal financial measurements, the Company uses certain
          internal rules of allocation for the costs not directly chargeable
          to the Groups including cost of sales, selling, general &amp; administrative
          expenses and a significant part of R&amp;D expenses. Additionally as
          per the Company&#146;s rules, certain items of costs are not charged
          to the Groups, including start-up costs of the new manufacturing facilities,
          some strategic and special R&amp;D programs, certain corporate level
          operating expenses, impairment and restructuring charges and other
          related closure costs as well as certain other miscellaneous charges.</FONT></P>
    </div>
    <TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
      <TR>
        <TD>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><i>Net
              revenues by product group</i></FONT></TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD rowspan="2">&nbsp;</TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</FONT></b></TD>
        <TD rowspan="2">&nbsp;</TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</FONT></b></TD>
        <TD rowspan="2">&nbsp;</TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</FONT></b></TD>
        <TD rowspan="2">&nbsp;</TD>
      </TR>
      <TR>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2004</FONT></b></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2003</FONT></b></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2002</FONT></b></TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Telecommunications,
            Peripherals and Automotive</FONT></TD>
        <TD width=10% align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">3,485</FONT></b></TD>
        <TD width=2% bgcolor="#eeeeee">&nbsp;</TD>
        <TD width=10% align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">3,268</FONT></TD>
        <TD width=2% bgcolor="#eeeeee">&nbsp;</TD>
        <TD width=10% align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">3,074</FONT></TD>
        <TD width=2% bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Discrete
            and Standard ICs</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1,614</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1,224</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1,055</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Memory
            Products</FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1,974</FONT></b></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1,358</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1,055</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Consumer
            and Microcontroller</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1,619</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1,321</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1,026</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Others</FONT><SUP><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(1)</FONT></SUP></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">68</FONT></b></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">67</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">108</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><b>&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Total
              consolidated net revenues</FONT></b></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">8,760</FONT></b></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">7,238</FONT></b></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">6,318</FONT></b></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD><hr align="left" width="100" size=1 noshade>
        </TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD><font size=1 face="AdvTimes,Times New Roman,Times,serif"><sup>(1)</sup>&nbsp;&nbsp;&nbsp;Includes
            revenues from sales of subsystems mainly and other products not allocated
            to product groups.</font></TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
      </TR>
    </TABLE>
    <TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
      <TR>
        <TD><i><font size=2 face="AdvTimes,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Operating
              Income by product group</font><br>
        </i></TD>
        <TD align="center">&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD align="center">&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD align="center">&nbsp;</TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD rowspan="2">&nbsp;</TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</FONT></b></TD>
        <TD rowspan="2" align="center"><font size="1">&nbsp;</font><font size="1">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</FONT></b></TD>
        <TD rowspan="2" align="center"><font size="1">&nbsp;</font><font size="1">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</FONT></b></TD>
        <TD rowspan="2">&nbsp;</TD>
      </TR>
      <TR>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2004</FONT></b></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2003</FONT></b></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2002</FONT></b></TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Telecommunications,
            Peripherals and Automotive</FONT></TD>
        <TD width=10% align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">471</FONT></b></TD>
        <TD width=2% align="left">&nbsp;</TD>
        <TD width=10% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">550</FONT></TD>
        <TD width=2% align="left">&nbsp;</TD>
        <TD width=10% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">613</FONT></TD>
        <TD width=2% align="left">&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Discrete
            and Standard ICs</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">338</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">142</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">135</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Memory Products</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">87</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(45</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">7</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Consumer
            and Microcontroller</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">130</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">78</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">57</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Total operating
            income of product groups</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1,026</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">725</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">812</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Others</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(343</FONT></b></TD>
        <TD><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></b></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(391</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(211</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><b>&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Total
              consolidated operating income</FONT></b></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">683</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><b>334</b></FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif"><b>601</b></FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
    </TABLE>
    <TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
      <TR>
        <TD>&nbsp;
            <div style="text-indent:3%"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Reconciliation
                to consolidated operating income:</FONT></div>
        </TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD rowspan="2">&nbsp;</TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</FONT></b></TD>
        <TD rowspan="2" align="center"><font size="1">&nbsp;</font><font size="1">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</FONT></b></TD>
        <TD rowspan="2" align="center"><font size="1">&nbsp;</font><font size="1">&nbsp;</font></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</FONT></b></TD>
        <TD rowspan="2">&nbsp;</TD>
      </TR>
      <TR>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2004</FONT></b></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2003</FONT></b></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2002</FONT></b></TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Total operating
            income of product groups</FONT></TD>
        <TD width=10% align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1,026</FONT></b></TD>
        <TD width=2% align="left">&nbsp;</TD>
        <TD width=10% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">725</FONT></TD>
        <TD width=2% align="left">&nbsp;</TD>
        <TD width=10% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">812</FONT></TD>
        <TD width=2% align="left">&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Strategic
            R&amp;D and other R&amp;D programs</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(121</FONT></b></TD>
        <TD><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></b></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(61</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(83</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD>&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Start-up
            costs</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(63</FONT></b></TD>
        <TD><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></b></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(54</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(57</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR>
        <TD>&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Impairment &amp; restructuring
            charges</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(76</FONT></b></TD>
        <TD><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></b></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(205</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(34</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD>&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Subsystems</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(1</FONT></b></TD>
        <TD><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></b></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">6</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Patents
            claim costs</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(37</FONT></b></TD>
        <TD><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></b></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(10</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">&#151;</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD>&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Other
            non-allocated provisions</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(45</FONT></b></TD>
        <TD><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></b></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(63</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">(43</FONT></TD>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">)</FONT></TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><font size=2 face="AdvTimes,Times New Roman,Times,serif">Total operating
            loss Others</font></TD>
        <TD align="right"><b><font size=2 face="AdvTimes,Times New Roman,Times,serif">(343</font></b></TD>
        <TD><b><font size=2 face="AdvTimes,Times New Roman,Times,serif">)</font></b></TD>
        <TD align="right"><font size=2 face="AdvTimes,Times New Roman,Times,serif">(391</font></TD>
        <TD><font size=2 face="AdvTimes,Times New Roman,Times,serif">)</font></TD>
        <TD align="right"><font size=2 face="AdvTimes,Times New Roman,Times,serif">(211</font></TD>
        <TD><font size=2 face="AdvTimes,Times New Roman,Times,serif">)</font></TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD align="right"><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD align="right"><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD align="right"><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><b>&nbsp;&nbsp;&nbsp;<font size=2 face="AdvTimes,Times New Roman,Times,serif">Total
              consolidated operating income</font></b></TD>
        <TD align="right"><b><font size=2 face="AdvTimes,Times New Roman,Times,serif">683</font></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><font size=2 face="AdvTimes,Times New Roman,Times,serif"><b>334</b></font></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><font size=2 face="AdvTimes,Times New Roman,Times,serif"><b>601</b></font></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
    </TABLE>
    <p align="center"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">F-39</FONT></p>
    <hr noshade align="center" width="100%" size=2>
    <div style="page-break-before:always"></div>
    <page><a name="pf40"></a>
    <p><a href="#index"><font size="2">Back to Index</font></a></p>
    <div style="text-indent:3%">
      <p><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">The following
          is a summary of operations by entities located within the indicated
          geographic areas for 2004, 2003 and 2002. Net revenues represent sales
          to third parties from the country in which each entity is located.
          Long-lived assets consist of net property and equipment and other intangible
          assets.</FONT></p>
    </div>
    <div style="text-indent:3%">
      <p><i><font size=2 face="AdvTimes,Times New Roman,Times,serif">Net revenues</font></i></p>
    </div>
    <TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
      <TR>
        <TD rowspan="2">&nbsp;</TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</FONT></b></TD>
        <TD rowspan="2">&nbsp;</TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</FONT></b></TD>
        <TD rowspan="2">&nbsp;</TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</FONT></b></TD>
        <TD rowspan="2">&nbsp;</TD>
      </TR>
      <TR>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2004</FONT></b></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2003</FONT></b></TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2002</FONT></b></TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">The
            Netherlands</FONT></TD>
        <TD width=10% align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2,702</FONT></b></TD>
        <TD width=2% bgcolor="#eeeeee">&nbsp;</TD>
        <TD width=10% align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2,084</FONT></TD>
        <TD width=2% bgcolor="#eeeeee">&nbsp;</TD>
        <TD width=10% align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1,768</FONT></TD>
        <TD width=2% bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">France</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">359</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">364</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">443</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Italy</FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">254</FONT></b></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">219</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">174</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">USA</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1,262</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">992</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">876</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Singapore</FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">3,671</FONT></b></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">3,192</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2,358</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Japan</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">403</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">337</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">275</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Other
            countries</FONT></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">109</FONT></b></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">50</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">424</FONT></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD bgcolor="#eeeeee"><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Total</FONT></b></TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">8,760</FONT></b></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">7,238</FONT></b></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
        <TD align="right" bgcolor="#eeeeee"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">6,318</FONT></b></TD>
        <TD bgcolor="#eeeeee">&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
    </TABLE>
    <div style="text-indent:3%">
      <p><i> <font size=2 face="AdvTimes,Times New Roman,Times,serif">Long-lived
            assets</font></i></p>
    </div>
    <TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
      <TR>
        <TD>&nbsp;</TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">December
              31,</FONT></b></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2004</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2003</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="center"><b><FONT size=1 face="AdvTimes,Times New Roman,Times,serif">2002</FONT></b></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">The Netherlands</FONT></TD>
        <TD width=10% align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">438</FONT></b></TD>
        <TD width=2%>&nbsp;</TD>
        <TD width=10% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">478</FONT></TD>
        <TD width=2%>&nbsp;</TD>
        <TD width=10% align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">404</FONT></TD>
        <TD width=2%>&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">France</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2,206</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2,205</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2,033</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Italy</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2,216</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">2,102</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1,872</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Other European
            countries</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">209</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">219</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">204</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">USA</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">414</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">413</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">610</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Singapore</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1,828</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">1,149</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">863</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Malaysia</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">367</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">389</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">449</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Other countries</FONT></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">319</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">257</FONT></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">255</FONT></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=1>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR bgcolor="#eeeeee">
        <TD>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Total</FONT></b></TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">7,997</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">7,212</FONT></b></TD>
        <TD>&nbsp;</TD>
        <TD align="right"><b><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">6,690</FONT></b></TD>
        <TD>&nbsp;</TD>
      </TR>
      <TR>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
        <TD><HR noshade size=2>
        </TD>
        <TD>&nbsp;</TD>
      </TR>
    </TABLE>
    <table width="100%" border="0" cellspacing="0" cellpadding="0">
      <tr>
        <td width="3%">&nbsp;</td>
        <td>&nbsp;</td>
      </tr>
      <tr>
        <td><b><font size=2 face="AdvTimes,Times New Roman,Times,serif">31.</font></b></td>
        <td><b><font size=2 face="AdvTimes,Times New Roman,Times,serif">Subsequent
              events</font></b></td>
      </tr>
    </table>
    <div style="text-indent:3%">
      <p> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">In January
          2005, the Company decided to reduce its Access technology products
          for Customer</FONT> <FONT size=2 face="AdvTimes,Times New Roman,Times,serif">Premises
          Equipment (&#145;&#145;CPE&#146;&#146;) modem products. This decision
          is intended to eliminate certain low volume, non-strategic product
          families whose returns in the current environment do not meet internal
          targets. This decision could result in potential impairment charges
          of up to $60 million in the first quarter of 2005 for intangible assets
          and goodwill related to the CPE product lines and certain additional
          restructuring charges to be further estimated.</FONT></p>
    </div>
    <p align="center"><FONT size=2 face="AdvTimes,Times New Roman,Times,serif">F-40</FONT> </p>
   <hr noshade align="center" width="100%" size=2>
    <div style="page-break-before:always"></div>
    <page>
<p align="center"><font size="2" face="Arial, sans-serif"><b>SIGNATURES</b></font></p>
 <p align="left"><font size="2" face="Arial, sans-serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
     to the requirements of the Securities Exchange Act of 1934, STMicroelectronics
     N.V. has duly caused this report to be signed on its behalf by the undersigned,
     thereunto duly authorized.</font></p>
 <table width="100%" cellspacing="0" cellpadding="0" border="0">
   <tr valign="top">
     <td align="left">&nbsp;</td>
     <td align="left">&nbsp;</td>
     <td colspan="2" align="left"><font size="2" face="Arial, sans-serif"><b>STMicroelectronics
           N.V.</b></font></td>
   </tr>
   <tr valign="top">
     <td align="left">&nbsp;</td>
     <td align="left">&nbsp;</td>
     <td colspan="2" align="left">&nbsp;</td>
   </tr>
   <tr valign="top">
     <td align="left" width="501"><font size="2" face="Arial, sans-serif">Date:
         February 23, 2005</font></td>
     <td align="left" width="30"><font size="2" face="Arial, sans-serif">By:</font></td>
     <td colspan="2" align="left"><font size="2" face="Arial, sans-serif"> <u> /s/
           Pasquale Pistorio</u></font></td>
   </tr>
   <tr valign="top">
     <td align="left">&nbsp;</td>
     <td align="left">&nbsp;</td>
     <td align="left">&nbsp;</td>
     <td width="531" align="left">&nbsp;</td>
   </tr>
   <tr valign="top">
     <td align="left">&nbsp;</td>
     <td align="left">&nbsp;</td>
     <td width="53" align="left"><font size="2" face="Arial, sans-serif">Name:</font></td>
     <td align="left"><font size="2" face="Arial, sans-serif">Pasquale Pistorio</font></td>
   </tr>
   <tr valign="top">
     <td align="left">&nbsp;</td>
     <td align="left">&nbsp;</td>
     <td align="left"><font size="2" face="Arial, sans-serif">Title:</font></td>
     <td align="left"><font size="2" face="Arial, sans-serif">President and Chief
         Executive Officer</font></td>
   </tr>
</table>
<p align="left"><font size="2" face="sans-serif">Enclosure: Shareholder materials
    for STMicroelectronics&#8217; Annual General Meeting of Shareholders (&#8220;AGM&#8221;)
    of March 18, 2005, including: (i) AGM Agenda; (ii) Managing Board Report
    to the AGM; (iii) Supervisory Board Report
    to the AGM; (iv) Personal data of Proposed sole member of the Managing Board,
    Carlo Bozotti; Personal data of Proposed COO, Alain Dutheil; Proposed Supervisory
    Board Member Data Forms; (v) Proposed AGM Resolutions; (vi) Proxy Appointment
    and Voting Instruction Card; (vii) Compensation Policy; (viii) Dividend and
    Retained Earnings Policy; (ix) Deed of Amendment to the Articles of Association;
    (x) Annual Statutory Accounts of STMicroelectronics N.V. (Dutch holding
    company) for the year ended December 31, 2004 (Dutch GAAP) ; (xi) Consolidated
    Financial Statements of STMicroelectronics N.V. for the year ended December
    31, 2004 (US GAAP).</font></p>
<p align="left">&nbsp;</p>
<hr noshade align="center" width="100%" size="2">
 <p align="center">&nbsp; </p>
</div>
</body>

</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>debrau.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 debrau.gif
M1TE&.#EAF`!!`,0``("`@$)"0IF9F=W=W2(B(F9F9@P,#/'Q\8:&ALS,S+*R
MLNKJZE555186%J"@I!P<'./CXTU-37=W=]?7US,S,RDI*9:6ECDY.5]?7\#`
MP`0$!/___P```````````````"'Y!```````+`````"8`$$```7_X":.9&F>
M:*JN;.N^<"S/=&W?>*[O?.__P*!P2"P:C\BD<LEL.I_0J'1*K5JOV*QVRS4I
M`F")@R0!FR&EKQF`%JD##($)$$"0O@D1)"#_9D8%`6,B``Q=,0(:BHJ&(@&+
MB@,EB9`$;92+$B0'!AH$)(E_&P,:`!L)I2(+B@4C#8V'+J$B&!H*CI\ILQN)
M@[L1&FT;#AH5&GDBNZ2F&PT!(AD:#;FD=K&R&J(3&M8!N2B[T7*\V83'(Q@&
MT<SDHLLB#`:$!@7!Y,C7+,H:C0$/&0!/)$*000&P"<G*#2#08($(3A$V$*`P
M8A\S!.?`*+"UH4"#?-A$;7CP;,.C10(A_VG`4%&EM0T;+6P`H$%2.Q'O3G'C
M!&"5)@*P0*K8M<!`27\`18+B!I"FM40%`#QH!:CFAFA/RXU*):(!AFA_"%RH
M)E2?UIS>AFJ52/&F!`-M#C106=+B"`8$`!@XT-&`A7-EU8HB-BZMKK4/*B3\
M@\K:Q@IF"-@C+*+QB+^0$U;X%AB<AJ@2&CQP:+(!@-,`;+:,6HCKK@L/1-1#
MZ$:#G`,/*"C(\(CV5JZH/G=6NRB"R).+E));9``#WYL;_BJ0JWB$W(B\.BG2
M1$*RR+GCAG.!`%"U^//HTZO/ES0#Z8<9S(\8D,'W?(#V,R`[$%!5>3WM)35"
M`O^-`)`P$X@4H/]R6TBV"`.DY51"/=6-@(!V&F`G44D869/!7(K8@0DD\$`R
MR`:,5#6"@XIPQL5$ITG`#TY<;0*B:D55,,$"M<BTX2@&M+4!;.[%DT`"ISTB
MP6DP\;/``!480-HBR-2S8EZGO=0%`50-24V-!I;"S0@QJ5*'"`0\$X$!^#0G
MP@2"C$"3:C+:))T(&E`P8T<:K%@22%P^E!N-[`"R%TDMW6)"FL04"HRB)<RI
M(C2VX5D``^=8B>:?^1!`DC_J$&K"`X;4<\E:W5'P@'#SZ1F`<I+*UB>-XWR&
MBB::2N1,`-S%XBD8QC`C(:5R1./C+B5(9L":PFQP@`#&=#F35;+.5RG_BJW$
M`T&N#(71:9>U.#3LM*QEN-@)DEE@60D+R'ABK'R.L$VMK=S*+:?7!"H",7^,
M:PPD4@ZCP2`'(*#H1")00`T`R!35);SUD):(HJS&`XR?9>E[P$%;%;I-`4EA
M-`8J5&W$3)HBW,E)(^O(2>T&&"E:#S*L!C?KCT+]>A)5I*0)QK3XX,;2!K5<
M$(`!#=B$LK/+F@,9TK[!>P`!1EU@KJ5W*;+BKC_'@@!J`)RX`-BF.*#E,-84
M#$8!PB`0G@,`/*=&`?A<U1,)`Y11QW,S03H!DR)\#?9ZA!=N^.&(UT#?>P0B
MF`%?!+;WW`%FT[;`@H]?GM1[&VC>'PD0P*T4_WWM.71Y&_3)=PA6(^C9:SQ\
M(1?)5:LJPE(T*M6$^R+L[*[!`R<J`*(&%Y!&$R1_B.,L!0:HWL7*JB@BI#..
M_),47Q'\<T`]"&CN%$#\E5(0,(-@E8$`5+<A&AH=FN/`YE=5BE%X(`7P49./
M.(0*,X9U=\%#9SH7L405/U'\Y0\0J-$KS"$?<0R@:8&A21[T0HQ;8$04_:M*
MH5JBH&NQKH"!*T<T(+4T>!&+69UA'1@2:`H&W,\D1NE:YVJAFTFL)1J0L=H%
MGA.-J-3C`7P!"\:F9;0`M"$:P.!(8*!G`%.@;(&.B"&^%&`,!O`-63@$PP,:
M(`K?$<`F0MR4.8IX1.-%K"DH0K$?*FY1`#9IP$<F<5&D:H3%:TT-.T*$':5$
M4L*74>H!$,"4\V)!DXB1HQZJR2`A2/BG.H;',$(TUIO&U)62F#!^=HA&KX2"
MN^J0PA,D4.0&@L27!\+"D95I`!ZU0H&V'(!XE.+.)96W`57Q#22<8)5$=&D2
ME?R!&&EJ0*@$&#^`=5$K?T$&39[6`-H<CW?Q&\=?Z`<2"P!`)'"KFP#(!L9`
M2,`^2%+-`+@YG]0\Y)HC<$`$`E``U62`;/UBV#E/E+AZVO.>^,RG/O?)SW[Z
2\Y\`#:A`!TK0@AKTH"D(`0`[
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>emptybox.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 emptybox.gif
M1TE&.#EA#``,`/?^``````$!`0("`@,#`P0$!`4%!08&!@<'!P@("`D)"0H*
M"@L+"PP,#`T-#0X.#@\/#Q`0$!$1$1(2$A,3$Q04%!45%186%A<7%Q@8&!D9
M&1H:&AL;&QP<'!T='1X>'A\?'R`@("$A(2(B(B,C(R0D)"4E)28F)B<G)R@H
M*"DI*2HJ*BLK*RPL+"TM+2XN+B\O+S`P,#$Q,3(R,C,S,S0T-#4U-38V-C<W
M-S@X.#DY.3HZ.CL[.SP\/#T]/3X^/C\_/T!`0$%!04)"0D-#0T1$1$5%149&
M1D='1TA(2$E)24I*2DM+2TQ,3$U-34Y.3D]/3U!04%%145)24E-34U145%55
M55965E=75UA86%E965I:6EM;6UQ<7%U=75Y>7E]?7V!@8&%A86)B8F-C8V1D
M9&5E969F9F=G9VAH:&EI:6IJ:FMK:VQL;&UM;6YN;F]O;W!P<'%Q<7)R<G-S
M<W1T='5U=79V=G=W=WAX>'EY>7IZ>GM[>WQ\?'U]?7Y^?G]_?X"`@(&!@8*"
M@H.#@X2$A(6%A8:&AH>'AXB(B(F)B8J*BHN+BXR,C(V-C8Z.CH^/CY"0D)&1
MD9*2DI.3DY24E)65E9:6EI>7EYB8F)F9F9J:FIN;FYR<G)V=G9Z>GI^?GZ"@
MH*&AH:*BHJ.CHZ2DI*6EI::FIJ>GIZBHJ*FIJ:JJJJNKJZRLK*VMK:ZNKJ^O
MK["PL+&QL;*RLK.SL[2TM+6UM;:VMK>WM[BXN+FYN;JZNKN[N[R\O+V]O;Z^
MOK^_O\#`P,'!P<+"PL/#P\3$Q,7%Q<;&QL?'Q\C(R,G)R<K*RLO+R\S,S,W-
MS<[.SL_/S]#0T-'1T=+2TM/3T]34U-75U=;6UM?7U]C8V-G9V=K:VMO;V]S<
MW-W=W=[>WM_?W^#@X.'AX>+BXN/CX^3DY.7EY>;FYN?GY^CHZ.GIZ>KJZNOK
MZ^SL[.WM[>[N[N_O[_#P\/'Q\?+R\O/S\_3T]/7U]?;V]O?W]_CX^/GY^?KZ
M^OO[^_S\_/W]_?[^_O___R'Y!`$``/X`+``````,``P`!P@Z`/\)'$APX)L?
M"!,J_/<#F;B'$!\:8"BNX,`#%"T*Q/BCHD:.'BV"U/AOY,>,)SN2Y&C@@,N7
&+@$$!``[
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>finalx20x1.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 finalx20x1.jpg
M_]C_X``02D9)1@`!`0```0`!``#_VP!#``$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0'_
MVP!#`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0'_P``1"`$'`KD#`2(``A$!`Q$!_\0`
M'P```04!`0$!`0$```````````$"`P0%!@<("0H+_\0`M1```@$#`P($`P4%
M!`0```%]`0(#``01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T?`D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$!
M`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W``$"
M`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P#^_BBBB@`H
MHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BB
MB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****
M`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`
M****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`H
MK_.I_9&_:Y_X+2?\%1_^"KG[>_[(/P"_X*8^+/V9_AW\-_%G[4_Q,\-7.H?#
M/P'\1M!\*?#_`,&?M`:=\./!WP[\.I<Z1:ZYI\5O:>.M$LM+U&'Q+/>6FFZ)
M<7H&HW<7G#[D_;,_98_X.<?V`?@CXP_:I^&'_!6;3OVJO#_P<T+4O'/Q+^'^
MJ_"[P1I?B&+P3X;M)M3UW5="\-^._!WC+P_XPAT_3+>[NM6TJWUK0?$\UHA'
MANWU?51;VZ@']N5%?A1_P0'_`."O5Q_P5Q_9/\2^-/'WAS1?"'[0GP+\6V'P
M\^,VD^&X[FW\->(QJVCKJ_@WXF^'=,N;C4)?#^F>-;:VURRNO#4VKZK+H_B+
MPOKZV]W)H]QI#/\`NO0`4444`%%%<_XI\5^&/`^@ZEXJ\9^(-&\)^%]%M+C4
M-<\3>(]1M-%\.Z%IUI!+<W6I:YKFHRV^EZ-IMO#$[3:AJ=U:V<;&.)YQ++$C
M@'045R/@;X@>`_B?X:L?&GPT\;>$?B'X.U22\BTSQ9X&\2:-XM\-:C+I]Y/I
M]_'8Z[H%[J&EW<EC?VUS8WB6]U(UM>6\]M,$FBD1>4\?_'OX&_"C7_"_A7XI
M?&3X6_#3Q+XYNK:Q\$:#\0/'WA7P9JWC/4+N]33;?3O"-AXDU73;GQ-J,FH2
MV]E]@T2.^O%N;NRA>!9+VT68`]9HHKR/P3^T!\!_B9XX\=?#+X<?&SX1_$#X
MD_"^=[7XF?#[P3\2/!OBOQQ\.[F/5]4\/O;^.O">@ZS?Z]X1G37M#UK1'AU^
MPT^1=7TC5--*B]T^[AA`/7**_G6^/W_!S-^P]^SQ\:OCC\#_`!-\`_VZ_%VM
M_L^^-_'O@;Q]XP^'?P(\(Z_\.?MOPP_M<^/=9TGQ3J'Q;T3S_#OAI-#U*;4;
M_4;#2[A(+=YTLGA21T^>M-_X.\_^"?&N:`GB;P[^RI_P4J\1Z+/"LUKJ.A?L
M[_"[4=/O%18TU%;75(?VA/[)D.C7HO=+U-S?K#'?Z5J"6LMW;K:W%T`?U745
M1TN]DU'3=.U"73[[29;^QM+V72M46V34],DNK>.=]/U%+*ZOK-;ZS:0VUVMI
M>WELMQ'((+JXB"2O>H`****`"BBB@`HHHH`****`"BOFK]L']J[X3_L/?LV_
M%+]JGXY3ZY;_``K^$&E:3J_BU_#.G6VK>('@UOQ+HGA+3+;2-,O-1TJWO[Z[
MUSQ!IEI!:MJ%N\S3;(3),8XI/P\?_@ZT_P""79T*W\4V>@?MB:EX8N(;^['B
M2Q_9C\2MH*:=I@26[U1M7N-8MK"33X;./4]0FGM[B8VMEH>K27B6TD=I%>`'
M]+%,DEBA4/+)'$ADBB#2.J*99Y4AAC#,0#)--)'%$@.Z25TC0%V4'^8C_@J)
M_P`')OP9_8]_9"^`_P`1?V??!&K^.?VJ?VR/A=X<^*W[.GP+^*>C7&DZKX/^
M&/CE;M/"/QC^,OAOPOK5]>0^'=<>W0^"/!ND>);/7?B'<O+!IVJ:58Z7KVIZ
M5\N_LN?\$*_V\OV_/!/AG]H7_@M7_P`%#/VRK?Q7XUAC\8:)^R'\&/B1;_#'
MPW\++;5;F:_M].\9V%II>K>"-$\17=A)9#5_#'@/P3X>U7PXL5KHNI>+[V_T
MU[/3@#^QRBOX1/\`@H9_P1B_X*1?\$PM+T7]I#_@CQ^W=^VMXZ\(0^*_#&F?
M$+]F36OB3J7BOQEIJ^(_$>B^'-/\7^%_#NGV#^"?BOX/LM=UK2M-\0Z)XH^&
M&K>)_!^D31>*=8UKQQIC>*-0T3^Y'P)IOBG1O!'@W1_'/B2+QEXVTKPKX>TW
MQAXO@TJTT*#Q5XIL=(L[7Q!XDAT33TBL-'BUS5HKO5(]*LHX[33TNA:6R)#"
MB@`ZJBBB@`HHHH`****`"BBB@`HHKYD_;#_:]^!/["?[._Q%_:>_:-\6#PG\
M,/AOI8O+YK6&.^\0^)=:O)!:>'O!7@S1GN+4Z[XQ\5ZK)!I.@Z9]IM+4W$[7
MVK:AI6B66IZM8@'TW17\18_X/=_V3?MLD9_8E_:(_LX&?RKH>.?AJ;UPMW(E
ML9+#S1!$9;$17$X74IA;W;R649NH8UOY=OP?_P`'M7[&6J^*=`TWQG^R#^T=
MX1\*7\]G!K_BC3?$7PZ\5WOA\7$RQ75Y#X<74-#DUJQL$8W$AAU6TU">&.1;
M;3I)_+@E`/[6:*X[X=_$+P3\6O`/@KXI?#7Q-I7C3X>?$;PIH'CCP-XNT*X%
MWHWB;PEXITNUUOP_KVEW("F:QU72KVUO;9V1',4RB1$<,@[&@`HHHH`****`
M"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`*
M***`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`K-UG5]-\/Z1JNO:S=Q
MV&D:)IM]J^JWTH=HK/3=-M9;R^NY%B225H[>UAEF<1H[E4(1&;`.E7P'_P`%
M5?B]%\!O^":W[=?Q:^V2:?J7@W]ECXU77A>]A4--;>.M1\"ZSHGP_FB8Y,$B
M>-]3\/F.[4-)9-B[C5Y(54@'\DW_``9<_#^Z\??$'_@IE^V)XAM+E]4\7>)_
MAG\/]`U203;9+KQ3K?Q'^*/Q/M+F5[#[+/<_:'^&-P@L=6DFMP]PVI6$<=UI
M%S-_7Y_P4C^.OP]_9K_8*_:Y^,OQ/UFVT7PGX3^`/Q-C+3W+VDVL>(/$'A74
MO#?A#PKIDL:22?VUXN\5ZOHWAG10D;?\3/5;9I#'"LDL?\+O_!OG^V3_`,%'
M_P!BO]@+Q-H7[(__``1P^(_[9/@[XT?''Q5\2=+_`&D-,^*UGX)T6]UJ'3?`
M?PJU+PE<>%+?X<^)M4UC0O!NJ>#KR"WOSXST>TM[O4/$FKRVUC;VVM&/]"?'
MG_!-W_@NO_P7/^)GA^#_`(*D>)/#G_!/C]@_0-:@\40?LT?"#7_"7BWQAXD%
MO_9T%K%)I.D^(_&ME?\`C&ZT]=1>R\>_&77=0C^&VNW-UK/A'X/F&]FT1@#^
M2C_@B3\:_P!OCP9^V'\)/V5/V//VD?%G[*UI^W=\0_A;X9^(/C3PO\./`'CR
MYOO"/P_U'Q_IMKXOM]&\9Z%>K>)X'L=3^)LQ@T_5-#M]3O5O7UR[N&LK>>U_
MJ?\`VM?VX?\`@L9_P17_`."CO[&7P4^,G[=FG_\`!0S]G?\`:E\8^';6;PEX
MQ_9Z^%GPU\<R>'=1^(OA/P3XHL-/;P):W?B?2/%NFV6OQQ>!M;M?&L_AC7-=
M6]N=:^'S00)9S?FG^T/X,^-OP._X+]?'/3?^"4WPO^&&H3_\$?\`]B234_@[
M\-OB-HWC3Q5X9M/AQ\/OV</#NG_%MM/T?3Y-+U/7?B:GC3]HSX@>(?#]SKVK
MI9^-_BO/'KDVJZUKGB:PM-4_5#_@B#^RI;_\%@O''@W_`(+E?\%%/VL)/VG/
MBK\"_&7B/PGX!_9ST[P1I?@+X<_LP^,?A/XJU3QMX237UT>2.V\26.@Z+XE\
M*_%GP/I6DZ-I8BU'6]-U/QQXE\>:S9:A:Q@'M'_!-+_@J#^TQ\6_^"MG_!9/
MQ-^TK^U#K-G_`,$[/V`]/_:8DM/!^H^'_"J^$/A[IW@[XW1Z!X1\2WFK>%_"
M<WBO7H+3X=_#CXF7FBZ7:ZKX@UC5[IG6VAFN%L[/4\;]E?\`:+_X+*_\%^O'
M?Q;^.?[/W[3-_P#\$P/^"9_@WQ;J7@OX1W7@CX7>`_'OQY^-FJ^&+\S22RZW
MXEO;35[#6%L;B$>,]8TCQCX<^&F@ZA>Z5X*T?PW\1-4T/QAXGM?Y7M.^,/Q`
M\,_\$1O^"CW[1F@ZQJEGK/\`P4=_X*O?##X`_$W7H9'MKS7_``3\.OAC\5_V
MJ/$6FSW5NSRVAU'Q9\0O#<&KV;Q:/_;NCZWJVFI<:SIB:_IEI_II?\$H?@/X
M9_9I_P"":_[#_P`'?"^A:?X?C\/?LS_"+5?$MMIUM;6L6H_$3QGX-TKQK\3?
M$=PEI<WEN^H>*/B#X@\2^(=0ECO;U'O-2F,=W<1A)6`/Y8O^"COQ[_X+?_\`
M!)[]@O\`:LB_:!_;B@^),T/QY_9&^%/[$W[2/AGX<?#?P9XR\5:7XCTWXL>/
M_B_'?:?#H=Q>6NHVN@?#C2M'UKPWXKG\?W,+W6MW>A^,9?#<EGI]G[[\3/\`
M@FI_P5Y_:#_X)M>(/B/\6/\`@MQ\0M:\'_&#]A]_BO\`%G]G/Q9^QQ\%=:TK
M4+[Q'\#[3QMXQ^$Q^*<GQ`\$ZMI>EWFI75]X?TCQ9%X0TN]T""W&NSP6NI01
MQR<#_P`'GOB;4_%OPQ_X)N_LH^&X$U+Q7\<_VF/&'B;0M'?^U)H;W4_!?A_P
MO\-](@N[71K:ZU!TO=2^.T=K#]B1]4E7[9'I-M=SB80_J[\)/V8/^"^-OXG^
M$_@/X^_M:_\`!/OQ1^RQIZZ=X*^-7@KX;_!OQQH/Q`\5_"3[(FBZWHGAO4_$
MOA+6]&@U^Z\.M/IMI/(=&L$"H9]TDKW$8!XS_P`&C?B.PUW_`((T?#FPM!*+
MKPI\<_CYH.KAX(X(1J-WXP3Q9']C$9V/;#2_$^FC<L<*I<?:(%C"0J[_`,G7
M_!:_]I/QM^V3_P`%>=+_`&G=(O$?]DC]E[]L;X6?L&?#WQ!%J*W-IK?B/X+>
M)K/XD?&;6M(M=-CFAUO08O%4NN^(Y_$%M+=6[^&+[X?7*23PW-HUO^E'_!"7
M]NS3/V`/^"`'_!4#QKKGBOR?B+^S]^TO\1]$^&%O%/!=RQ?%'XP?"GX0_"SX
M,:)HN@RP7\SVY^*N@ZAXPUU=.TC5;/\`L5O$WB6:#49].\2K!YI_P6,_8:B_
MX)N?\$&_^"4?A'7M+N[;XP>'?VQ_"/Q+_:$@%VU_XKU_XU?&GX/?$KQY\4K"
M?4HUGM-3F\.2>%]-^&4-RFHV\>IZ3X;T)Y(-4>2\OX0#^WS_`(*._M9^'OV'
M/V'OVE_VG]>U2VTR\^&7PL\2W7@>*<1/+KOQ4UNS?P[\*?"]E;2G%W>^)/B%
MJOAS2(H%27:EU+<RQFWMYBO\)GQ3^*/QW_X(G_\`!*#X/_!CX`:MX@TG_@JQ
M_P`%']&NOV_?VP/B_P"'[8S_`!#^#'[.WA^ZU+Q?H2>*=3URP0Z3K,IU6?P?
M//J4%W;Q>+Y_COI.FSRZKK?A*>\_;[_@L?\`$+PG^V=_P4H_9R_8(\:^)(K#
M]BO_`()_?#3Q/_P5`_X*:W4]HM[X=G\+_#/1WU;X3_#+Q-;7<-I;ZBVH6+J^
MI^'3J<MGJOA;XN?\)&MCJ&I^!H[./\8_AW^T3\;_`-J/X#_\%>/VVOV@/^":
M/_!1;XQ?&O\`X**?L^?&;X3_`+,7QE\'?`.QU']G_P#9Y_9';X>:[JOP?\+Z
M!XXUWQIX7U"^\#VGB>ST+Q)\2/$O@_X?:G;^(4\$:;XFL]0\1>)_%.JVUR`?
MOO\`MP_M>>(?&7_!JOXB_::\8Z_)JOCWXU_\$[_@9X9\<Z[J:BQN?$/Q"^.N
ME?#?X0?$2]2&*X&]]8\2>,?$=U:HDC">WF266`PF6`>#_P#!/?\`X*<_\$^?
M^")__!,[_@G-^S)^U_X[\0?#3XM_$[]DK2?VL/[#T/X:>+/&.I77A/\`:!^(
MOQ#^(&AWVN7/A>QU::#4KO5-9U;1K'2M0D6^T]-+N(;FSTBQTVZBL/P!_:,_
M:Z8?\&@O[$'PE&L1/XR\;?M?^+O@[J5I!?PVEW)X.^%?Q1^.'QJ34(['2[!+
M:"V\,R2_!_01I=U)9W>-1TO7HI;A0$?ZJ_;,\6?`/X6?\'37[`_@K]H/XG^`
M_A7\!OV!OV;/@#X)U'QYXYU^QT3P=X7;X/?`GXE?&WX=6TUS=ZKI]WI\NL?$
M+Q5X4T_1+#4]2U75)=1UNPN)+?6-/GATV8`_I#\*?\'-'_!(/XHZSX:\#?"'
M]H[7_&OQ+\<:O'X;\+>$G^!7QQT`PZS>Z==7EG>:]JGBWP-X7\/6?AZUDM95
MUG4H-?E73XH9)IS#;R6]S+^`7_!%KP;_`,%8/^"KG[$'Q\_:;\0?\%C_`-K3
MX&>)OAE\8-=^&?P]&[PMXG\":W)X+^&_A?X@:U=>,(KZ+2_$$5D]WX^TK3I=
M5L]3:RL[.VNS+INMRZ>EG9_T`?M]_P#!1O\`X)__`!L_X)N_\%(/B1^SE\=/
M@?\`'7QY\*?V/?B?,FN_#N\T;Q1XA\$^(?BAX3\7?"OX5:^FL16INM//_"=Z
MBMI:7=E>I<VCVMRJ/;LR%_X7/V?OC'_P4E_9-_95_P""<_[)>H?M4W?[)'_!
M/;_@J#XHUW79_C)\*_ASX-U'Q3X4TOQI\:M:^!WQDMO%GQ"U"70_&5OJ_A+P
MW:>!/B#K-KX6\4Z-]B\`^-M`AMM5N=6T;5_#Y`/UQ_87_P"#GS]L[X4?\$MO
MC5^T)^TIH7AG]J[XD_"#]JCX&_!3P=X@\7SZ+\,M1\6:!\</`WQR\7W6BZQJ
M?@2P:UU37O`2?!2;4K6Z;P99:O>Z'XC5-4;4HK2+7(O[N/A3\2?%=[^S3\-O
MB_\`&_1]&\&^.+OX&>#OB3\7M`\.S2S>'_"OBN?P#IWB?Q_H^A7&I7L\\NC:
M'J[ZM9:9-?ZA-*]E:P/=7LCF2=OX,O\`@X0_89^!7_!.?]D3_@E5_P`$U?V3
MO`WBKQII7Q5_:Q\7?%OQKX<N=0L+CX@_M%?$WPGHOPV^%-KXD\:^(!I,6E6G
MB?7_`/A<L?@7PHD-EIGAG1+'5AIFF:*]M92"/]H_VR_^"P7_``40\/?LC?M1
M:OXO_P""(W[2OP<\-67P#^+4&L?%;Q7^T)\%+GP[\/(-0\&^(]%C\8ZG965C
M)J&KV.@7CKJ<VFZ1%=:AJ-M#`EC#*=1L&N`#@?V,/^#F;5OB?_P3>_:[_P""
MC7[67P%\&?"CP-^S_P",/!'P.^$?A3X=^*-?U34?V@/VBM;\)W7B35_`^DW?
MB6U$>AVS1Z[X`U&2VMH_$%]X-\(3^*_%.L7>O6NFP0C'_87_`&4O^"RO_!5+
MX0V7[9W[:O\`P4]_:'_8N\&?&B*Y\9_LY_LY_L;:3X7^%8T7X8ZV(=8^'OC3
MQ+XC6T&MWOAS7[&]DO?#_A'Q?!XE\:ZQX.?P_K7B;Q]:WVI/H6F_R%^(OAQJ
M6H_L,?\`!!O]C+4;:?P[X$_;#_:N^/7Q[^(J6,EU8VWCS4OB#^T)\._V4/`'
MC#497TR&]MM5\/?#;P%K]KH=Q"TMU'X;\665U<6RM+8PP_Z[.EZ7IFB:9IVB
MZ+IUCI&CZ18VFEZ3I.EVEO8:9I>F6%O':6&G:=86D<5K96-E:Q16UI:6T45O
M;6\4<,,:1HJ@`_D7_P""3_\`P4W_`&N/@=_P4'_;*_X(\?\`!2KXMC]I7Q5\
M!="\9>.?@=^TO=^'])\,:IXI\&>!O!^E_$G5?#?CFVM+%3?S^*?A)XKT'XBV
M-UK>IZ]JW@N]L/$_A+5?%?C33+[POJ&G9W_!I)^T7^V1^V)\.OVV/VB?VJOV
MB?C/\;](;XG?#[X:_#C1_B'XOUS7O"/@?6=+TCQ/XW^(=KX-T_5-5U"&T^U:
M=XW^&T4NV*WEL;*RM+*,RPN\TOX0?M<?%B'XD_\`!P!_P6:_:R^&NK:C!X0_
M9/\`V.?VMK'5=7TBXNX;%O'W@_\`8:M?^"?NF6]YJ6FZ=+$UP/CEX[5M)ENI
MK:2(V!^QZE(EBL<_]2'_``:7_!^+X8?\$7_@YXI^R1V=[\>OBS\=?C!J*>0M
MO=2RVOCV\^#FG7=ZO]F:?+))=Z#\(M'N+*>>XUAI](DTV:#4ULGM=+TP`S_^
M"^7[1/[1?@W]JG_@BU^RC^SK\:?B/\&;O]K7]L6_TGXH:C\,/%][X.UG6_AK
MX/\`$'P:T+7M(UG4;+4+$R>'VTSXF:OJ-Q92B[FNY=*$FF6&I:A9QZ=<_0O[
M0/\`P<,?L4_"_P"-DO[-/[/W@']IS_@H)^T!I&J^(-,\;_#3]AKX,ZI\9]0^
M'/\`PAGBBY\->,W\6W@OM%CN)]#DTO7)UM?!L'BXR&PM'U.;1=)UG3M:E_-_
M]O[PWXZ_:U_X.-?A]\-_A!?:K?>*?V%O^"3?[1'Q=\/6MA>162>'OV@/B[X=
M^*?P^\"7$4\D4RVVI)??%+X'>(M.N%EL[@:EING7+^98Z9-%>_@=_P`&TG_!
M6S]E_P#X)4^.?VH_V7?VY_!&J_!:U^*?Q!TJ"^^,>H>#M3USQ)\/?%O@*V\0
M^%=6^$GQJ\-:3I=SXZ3PW87R7D>G7FB^%K^+PCXOOO$4'BO2K#3->.JZ&`?J
MU_P7"_X+'_LZ?\%!_P#@AA^TI_PJ3PG\9_A7XOL_VIOV?OV=OB=\)_V@/!%I
M\/?B%X+\>6GB?4_C$FBW-G:>(-?T75IY-,^#6O73Z?I&LWWB'2;>R>;Q-X?\
M/LKI#^L/_!,[_@K;_P`$J/AG^QC^RA^S'X+_`&IO!GBSXI?`/]B30;KQGX*\
M*^'_`!UKVLZ>OP%_9OD^*7QWU"[U\>%HO"5DNFV/@'QAK.HW5WXCTW0;O6K:
MTT+3;DZE?:)IL_XY?\'8_P#PIWXDZ+_P3F^!7[.Z^!)[S_@H1^U$WQ[\6>,_
MAI<Z!/:?%G6-,\!_"K]G_P"%7Q,U;6;&XAT3Q7)=^$/B4=%\(^([_5A9+I6F
M7XMKM+>\U*Z;]:/^#B?X2?L\_LK_`/!'/]L?XD?!7]GSX'_#3XD:UX<^'WPH
MT[QSX)^%7@7POXQM="^+OQ8\"?#WX@6D7BG1_#4>M[?$7P^U_P`5:%K/F:A"
MVJ6&J7MM=W4AN6CF`/YY/^#=?X(ZQ_P6$_X*Y_M4_P#!4[]K;3_^%AV'P5\0
M:1\3_">B>(VO=4T7P_\`&SQWXCU2'X#^']..I!+74=#_`&?_`(<^`-1/A32;
M9+V#PQ=V'PNU.26SN[.SAN/[V_VR_P!K3X2?L+?LQ_&']J_XXWU]:?#;X->%
M)?$>L6FCKI\OB'Q'J-Q=VNC^&?!OA:VU74-)TV\\5^-/$VI:1X6\-VFH:IIM
MA-K.K6:WVH6%GY]W#_/9_P`&=_PEL?A__P`$E[_QN+6VCUKXT?M.?%[Q?J=P
M#(VH+:^%+'PA\+=/TN_$MG;/:K87'@;5+RWL$FOH8CJUQ>?:([B_N;*T^4_^
M#V'XK>+O#G[)'[''PA\/ZIJ-AHWQ(^/OC3QSXDM-,U">TEU3_A4'@2$:/%>V
MMJ%FO],TV[^($VN.)9OL=AJ6F:5J,L#W=M875D`>@?\`!/[X"_\`!4G_`(+:
M^!]8_;U_;%_X*#?M;_L.?L\?%/4]<F_99_9?_8/^(\?[/6M1>!+&_GM=+\5^
M)/B-!X;US4]1\-W5[;W=EI5QXJ\/>*_%7C.&.Y\41ZIX<\,/X:T6\^$/C-_P
M6`_X*"_\$$_VM/VM_P!@#XL?$KXC?\%(=.\0_"WPGXK_`."?_C'XV2#Q3\2M
M$\=_$:_TRT\(I\6?$&GC3_'GQ"\/6D,_BW2_$OANPUC4-3\5>+_`?ABT\#M\
M.M/\?>([_0O[FOV9/A]X5^$O[.'P!^%O@:RAT[P9\.?@M\+_``/X5L;=0D5K
MX>\+>"=$T72(E`M[7)%C90%W:V@>1RTCPQNS*/X=_P!KU?A7^V[_`,'E'[*?
MP:U5--UKPS^S_HW@C0_$BM9V^K:7J_CCX`?!;XL_M>6FD7UO*8[6\2T\47.B
M^%M:BF:YCM+C3K^TN8+AK.:P(!^M?@C_`((O_P#!3SXM_!+3?B!^TQ_P7`_;
MS\"?M@^*K.Y\:W_ASX#_`!$B\`?LW_#+Q?KNFR74?@VY^'OA2QT,^/=!T&^3
M2],O;?2[[P)X=3R]9N-!T*-9HY+WX^_X)S?\%J?VA_CI_P`$G?\`@K=X0_:E
M\>RK^V#_`,$^/V>OBZ+'XP^'[NS\+^)]??Q#\/?BCX7^'ERU[X7N/#UP/B+\
M/?BUX&N]"N/&.E1>&]4U"TU7P#?F;6/%!U#QSXJ_L\UG6-+\/:1JNOZYJ%II
M.B:'IM]K&L:K?S);6.FZ7IEK+>ZAJ%[<2%8X+2SM()KFXFD8)%#&[L0JDU_D
MI_LW^,_%"?\`!.C_`(.$?VT(VUFR\(?M#^-/@C^S]X(NKN]O-+TSQCXL^.'[
M2UU\4OB#;&"%HY-7U_P1\,+*WO)[6[F+Z98^/98A#/8:WKD;`']&?_!)S]@G
M]LG]OC_@E?H'[;?Q5_X++?\`!5?X5?&OXE3?%S5OA\VC_MA>(G^"?A_PO\,/
M&&L_#W2]9\:^"O$&EZCXGU..;4?`GB74]9CM/B)X9M-3L)K&]'V0SWFH:A^-
M6K?\%N/^"BOQ"_X(4_$#Q%X[_:=^,NF?&O0O^"@WPC^$/PM_:$^'WC/6?AE\
M4=1\":O\`OB5XP^(/@+7O%G@C_A%=1\0V/A:X\+>']>U#4WO]6U@ZE\5?#0O
M[N*'2="BTO\`=7]C_P#X)+_\%H_BY_P3[_94_9TOO^"HWPW_`&<_V'O'_P"S
MA\/[[Q%\,/@U\!M$/QPTKP%\4O"FG^-_$'PUN_B'#;Z=?ZCJE\?%^N^'_$WB
MC2OB1:Z7J+F6]ETGQ#I5_<:1)\*?\%\OV'?@;^S-KG_!#'_@D%^R'!<?#SP=
MX[_:#\1:CJVN7MQ;>-/B!KOQ#^*OQ`^`WP?T7XQ?$&PO[/1=!\7^+M4N[[Q-
M/$\LVEZ%+%I;>$-(T7PGX0TK2M.B`/WJ\#_\$+_VF-0^''A!_%G_``7!_P""
MPWAWQEK?P\\)2^/])@_:>76;;2?B'>^&=/B\=1^'=6N]"@UJP\/1:S<:U'X=
ML$OFU72(O[,N9_$&J:GIW]H7/XZZ3X>_:<_;Z_X.0_VOOV#/#G_!3#_@HS\*
M/V3_`-GCX/Z1K%Y%^SI^U]XX^&_B#2G^$?PC_9[^%>J6UN+S5_%WA&X\07WQ
ME\8/+\1-;?PC?^(?%FOS>(_$&JV^D:MJ6IW&F?T)_L]_\$]?^"K?PM_:(^&'
MQ0^-'_!;GQA^TM\&O"WB*YU#Q]\!-7_8L^$7PJMO'NBR>%M:TRWTQ_&W@WQY
MJ%UIK0:_=:5J@^S:!&ACM7D=Y;F%?M/\.7P0OO\`@HE\7/B7_P`%]O\`@JM_
MP3H_:(\0?"F]^&WQDU_7/&FC>&O!>B>,=;^*7[/OQ<^,GQ:\?:^_@[QEXAT_
M6;KPJ_P)\&?#KPQXMG_L#0/^$@U+PC<2)I^L:1_9XTW7`#]=OV??VY/VS/\`
M@FU_P7:^-?\`P3\\4_MF_M"?MR_L=?!_X0?&OXD^.9OVA_%D7Q2^)6G:'X*_
M8J\1_M:Z')-XUODUCQ!HOB_PQXBT.S^%VKZS876E>$-?BUFW&H>!-)\0ZCI$
M2?3/_!+'X&_M=?\`!=+X#>,_^"@'[5'_``5'_;;^"=KXW^,/CKPI\*/V<OV#
M_CS+^SY\.?@WHO@C6M#DT]O%5C:^&_$B^(?$^FWP?4?#EAKMA>ZHVA0^&O$.
MK^+M0O\`Q+<Q:+]$_P#!NQ^PI_P3R^*?[%_BK]M_P7?^/_VD?VA?VT_!?Q&^
M&/[77Q+_`&@O$T6M_$;1?%'BR.WM_CU\%@=&V6FAZ%X@\12'Q-_PE$UM<>._
M'7A77O"_B76M36RO-+T/3/PY_:C_`&#_`/@K+_P;*7?C#]IG]@/]H[4?B)^P
M)J'Q+\/:CXLT[Q@NC:A;^$Y]=\0:5X-\-V'[2WPGN[=O"VL:;XG74M&\!P?&
M7X5S>'?$EY>G29WC^#VHWFB:!>`']P'_``30_9[_`&I/V7_V6M,^$'[8'[2G
MB/\`:O\`B[X?^(OQ4^Q?%_Q7?7&J:YJ_PP7QOJUC\)8]3U'4H3KL^KWGP^L-
M!\1^([;Q!K'BO4]%\4>(-<\/Q^+?$.EZ3INH2?AG_P`'EU[/:_\`!);P3!#,
M(H]1_;,^#UE=(3&#<01_#?XW:@L(#W5NS%;FPM[C$4-])B`L;5(A+>V?]&7[
M&7[2.E?MA_LG?LZ_M2Z-X?N_"5A\>_@_X%^*`\*WMTE_<^&;OQ7H-GJ6I>'V
MU&.*W34DT;4I;O3H-36VM1J4%M%??9+7[1]GB_G2_P"#R2TN-0_X)4?#33[4
M7,MQ?_MN_!>R@LK$&>_U*:Y^&OQRBAL;#3EB>75[V25DEM]-@FM)99(1,MP5
M@:WG`/Y)O#__``3U_91\$_#[]F"[^*7P(\0:UX$T_P#X)T_##]OS]NS]H2;X
MS^,?"GC'PWIW[1'Q'\=:3\#?A)\"/"-I97G@J_\`BS\3-$'PZ\&_![PYKWA+
M6=/\1^-?%%CKWBO4[+P/H'B[7I?@S]L#P;^R)^RS\<OVI?V.O'G[+6I67C7X
M+7?COX<>$?BW\)?VH?%7C3Q+I7QAT&RU"30+WQ[J7C?X>Z+\./B7X#T[Q)'I
M/A;QOH'A3X*?!#Q1=V9\1ZSHOB+0-2L=.T";^EO]L/Q-K?@Q_C/\-/AR/@IH
M/P:_9Q_;W_X)9?L"?'=-)\#ZGXJ^*WA/PO\``O\`9D\)>%?AI\>+KQMXJ\:Z
MS\%M*7P#\4[;XE>`?AC\/[7]G!?!":[J-]XLU[3!XG\.'Q-%_/3^TC\6/!VH
M_LD^$OBY+XN\"_$#XW:5\1?VM_V'/#_BFTU6SU;QKXO\.&^^$OQB^*O[5^O)
M=Z2=:\4M\<KCX]_&?0M.\4_$#4O$7B"VN?BYXHM-!U=!\//!D_A@`_T^/^"'
M/_*(3_@G5_V:K\+/_3)'7ZJ5^3?_``0G>!_^"/?_``3O-M>17\8_9E\!(T\-
MS+=)'/'#<I=6;2S7=ZZRZ==+-I\]L)DBLY[62T@M+""".QMOUDH`****`"BB
MB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****
M`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`*_FN_P"#LKXS+\*/
M^",7QD\,I<VUK??'SXI_!'X,Z>\WV8SRL/&UO\6]5MK%;B_M"US<^'?A/K4,
MOV:TU>Y33WOI$L+=$DUG2?Z4:_AJ_P"#TC4OC1\1?`O[%G[/OPF^&WQ2^(/A
MS2]9^+7Q^^*\O@CP+XF\4Z#X;;0=,\-^`OAKJ>O:AH6C:E;Z;(]OXF^*L:O?
MW=A%;P`L4NOM2/9@']%'_!!SX;6OPI_X([?\$\?"]GILFE1:I^S=X/\`B2]K
M(EA&TMU\9I=0^,%]J0738+:W,>LWOCJXU>)Y(VOY8KY)-5GNM4>\NIOUMKP#
M]D_X<Q?![]EG]FKX206D6GP?"WX`?!OX<PV%O$T,%E%X(^'7ASPS':0PO::>
M\45LFF"&.)K"R:-$"-:6Q!A3W^@#^-7_`(("?LT_M/S?\%B?^"Q/[</[1_[/
M/QW^"VG_`!.\3>-M`^$6M_&WX,^./AA%XP\%?%#]H'7_`!C9V7@75?&>AZ3#
MXATKPSX5^%O@*TU!?#]WJ\$-G<^&KC4;QVN-/N+OX(OOV??^"B'_``1D_;<_
MX*O?`[]EC]D/]J3X_?L1_MO_``#^-$WP"N?@5\'?%WQ'\'^`OC!\2/`?BF_^
M!][;?\(QI,^E:7<_"#Q9KWB?X7^-]!&HZ1K>H?#6TTWQG-::S-I/@_3[W_0A
MHH`_A4_9S_X(C?&O]I+_`(-@D_93\4?";Q#\'/VQ-*^//Q6_:D^'/P_^+GAK
M7?AYXK'Q/\%>-?$O@/3M`\1Z3XITW0[[1IOBC\(--U3PUX3U74<^'9(?$W@[
MQ7<ZBVAQF6W^F_V)_P#@X2USX$?LI_`W]D/XW_\`!-O_`(*-^,/V[O@;\.?"
MWP*N/A7\./V=Y;[2/BA>_#&SG\!:#XRTK7Y]?75["WUSP_X6TS6/&TL'@J[L
M])\3ZAJ]KX2MO$GANRAU>O[#98HIXI(9HXYH9HWBEBE19(I8I%*21R1N"CQN
MA*NC`JRDJP()%/H`_@'_`."HGPX_X*D_M%?\%"_^"2?[4?Q<_P""='QX^+6@
M?LO?#7X*_M!?&_X;?`/P.OB'PMI'Q.UCX_\`BKXQZW\!=-\0ZO<Z]X;UR^\'
M^"?#'PD^'?C^YOIU;5M5L/$5VL5MI^I:+>2_T/\`[+W_``5:_;E_:(_:>^%W
MP.\7?\$6_P!JS]FOX7>--0\4CQM^T3\<?&#Z+X0^&VAZ%X/\3^)](O[G2M*^
M%&IVNN:OXHU+P];>$K'0W\5:%#;:[X@T99]9>WN4D?\`=FB@#_+K_P""4_[/
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MIMF1'LT_V@?V9O@!^U9X,L_AO^TE\(O`7QN^'=AKMIXIM_`WQ*\,Z3XK\+KX
MGTZUO;#2_$!TO5K6XB_M32['5-6M+&X4JL4.J7NZ.21H7A`/X4?!7[%__!0C
M]L;X:_`_PCXD^!OQ#L=>_P""W?[0?@[]N/\`X*>_M6^'M%U'1/`'PQ_8PTSQ
M%=W/P(_9%T'7C=BYM$3P1I>I_$V?PO<7%GKMA/X@^%/A/4M8UNPU#5I=+_O(
M\0?"3P0/@9JWP,\-^%]%\._#N#X67?PN\-^#M"TF*TT#P[X1M?"K^%]!\/Z%
MHFGFSALM,T32HK.QTC3M/:T6SM[2V@LGMC%$R>GV%A8Z58V6F:996FG:;IUI
M;V&GZ?86\-G8V%C9PI;VEE96END=O:VEK;QQP6]O!''#!#&D42*BJHMT`?PY
M?\$$/^"(L/Q*_91\8?!+_@K[^P_\1-(O?@1^TUJ_Q]_9B@\;_$/XJ?#2WM9O
MC=X"^&>@^/Y-,TOX/_$SPKH^K)I>J?`'P?=-I?B>VU!O#]QK%[]@L=-C\2:P
M-4\__P""9?PZ^$7_``43_P"#F3_@KO\`&OXX_#[X<?';X8_#32OB1\+_``MH
MOQ%\"Z#XZ\%W/B'P+X]^%_P+\"ZP-(\4Q:_HSW</PT^$OBRWT*>ZM!+K-E-J
MFK:+':0:3J-I:?WE2!RCB)D24HPC>1#(BN0=C/&LD32(K8+(LL98`J)$)W#^
M<SP[_P`&Q/["7@OQ=\0_&W@'X]?M_P#PWUWXJZZ_B?X@7OPV_:IU7P%<^+?$
M$NIZ[JSZAXBF\+>%M,76?L]YXBU6;3([Z*5M,DU+56@F(U*95`//_P#@O?\`
M\$^IX?\`@FS\6O@K_P`$P/V!_AC;_&+]JCXG_!SP=\8;?]FKX&?"#X=^)=:^
M%G@+7[_XL2ZQXX\0:1IGA%[W2-+\7^#/"^E61N=0O]1BOO$@CL;-;"YUF\M#
M]M+_`(([:O\`M+?\&^7[/O['VF>%YX?VJOV4OV7O@MXY^$EI<QQPZX_QY^'W
MPFL;7XE?#9VN'N&CMOBK!J'CGP'_`&!<ZE%H%MXBU7PM?ZK-)9>&;=T_6;]@
M/_@FA\#?^"=D'Q;/PB\<?'7XB:O\:=2\(WWC3Q/\?/B=>_%3Q.\'@.V\0V/A
M/2].US4["TU&VTW3;/Q-J@>TEN+FW>[N)KJTAL5FD@/Z(4`?YG_PX^(W[7?[
M6/\`P6T_X(3?LE_MQ_#CQOX(_:2_8;\)^#+3XKZ9XXF\.^(]6\2>*OAAK7Q%
M_:,\-_$53X3\3:C82MK?P1\!_!6_\0:_J4MGK_\`PENE^)=:U6PU>PM-,N-5
M_J?_`.#IWXXI\%_^"+O[2.FV^H?V;K_QP\1_"7X'>'91=06\EP_B/XA:+XK\
M7:?'%*RR7W]H_#7P3XXLIK6US.MM-/>NIM;.YK]QD^`/P*C^)\'QMC^#'PIC
M^,MK#=V]O\6(_A[X3C^)$,-]:7]A>1IXW325\2`7%AJVKV$I_M+<UCJ^K6>?
ML^J7\5QK?$[X0?"?XU^'K?PE\8_AE\/_`(K^%;35;;7;7PW\2/!WA[QOH-OK
M5I:WMC;ZK!I'B73]2L(M0BL-2U+3Q=I;B<Z?J6HV#.UG?W<,P!_&Y^U5_P`$
M4_C+^T1_P1C_`."0?CG]DNUT:7]M/]AKX!_#3XM>"?#<\.F6FF?$/_A9/A7P
M9\6_'O@&VU'4M1FT-/&&E>/;.Q\0>"-8U^YM_#>KZAI_B+3FO/#E[XRTTP?5
MWB3_`(+E?\%)?CW\&)/@W^R[_P`$2?V_?`W[;_C3P]<>!+WQ7\9/AK>?#C]F
M?X)_$/5M`:UE\;I\4O'FF:9I>M:=X;UB675]!T;XAV_PWT[5+:VL3J6N.DDU
MI<?U6:7I>F:)IFG:+HNG6.D:/I%C::7I.DZ7:6]AIFEZ986\=I8:=IUA:1Q6
MME8V5K%%;6EI;116]M;Q1PPQI&BJ+U`'\JG[,/\`P;EVWP6_X)(?M?\`[+?C
M7QUI'C#]NK]MWX6W[_%WXZM>ZI>Z)IWC_1M0?QS\,OAUHVN7]M'K]Q\-M$\>
MP6U[X]U^>SAUSXC:WK'B?Q9K%EB70=$T7X'_`.";O_!1[_@J;_P2Z_8^\.?L
M`_%W_@B?^VK\>OB1\#=7\8^#_@OXZ^&?AC6KOP!XGT[Q+XL\6^)]#\.^,?%W
M@?P5\1_"2Q>&M4'BZVN?%_@OQ%XJTUO"VDV!O8();*ZU_4O[HZ*`/YD?^"67
MP&\4?L'^+?B?_P`%!_\`@KI\1O`?P[_;]_X*S?M!^"OA-X?\*-<O>Z5\.!>Z
M3KFJ?"G]F_2=9T"77=`M=5OM'\(^5-)/JMSH.EZ3X)^'_A:[\7:CXEAG?4_9
MO^#A;]D[_@G5XQ_X)Z?M0?M"?M9?#+X:V7Q"^&7P1^)'_"COBH8K/PE\2+7X
MX:SH^JW/PE\/^'?$^D2Z5KGB*[\0_$V;3%F\%ZC=ZGX<UY;W4[OQ%HMY;6TE
MY9?J#^VE^P)^RE_P4%^&EK\*OVK/A?!\1_#FCZK=>(O"5]%KWB/PSXH\#^)[
MK1[C0CXA\'^)?#6JZ7JFD7@L+EX[BP,UQH&K@>3K^C:M:/-;2_F=X3_X-L_^
M";<&L^#]:^-@_:7_`&MT\!7-I>^$?#'[4?[2OQ-^)G@'0+FTMA;K#8^"(]4T
M30[C2)-D1FT+6H=8TJZ@@AL;^VO+#SK:8`_+W_@CU_P0\_9O_;E_X)-_L"^/
M?^"A_P`./B+XE\=>"/"GQ&U#X`1:?\7OB5X!E\)?`[Q[\;?&/Q6\$7<.G>"_
M%&EV#3^,4U__`(2O3-:DB;6%\'ZKX4L8+FQ32-/ALMW_`(+*?\&ZG["/@?\`
MX)M_M5_&3]GKP!\8(_CI\"_AI>_%[P)K'BO]H7XZ_%.TTW2O`-SX;\0?$JW3
MPMX^\=>)=#N$U;X=>'?&,DDHTW[9:ZCJ3W5K<16MAI=C8_V&Z3I.E:!I6F:%
MH6F:?HNB:+I]EI.CZ/I-E;:=I6DZ5IUM'9Z?IFF:?9QPVEAI]A:0PVME96L,
M5M:VT4<$$<<4:J$U?2-+\0:3JF@ZYI]GJVBZWIU[I&KZ5J%O'=6&IZ7J5M+9
MZAI]]:S*\-S9WMI--;7-O*K1S0R/&ZLK$$`_EJ_X,^/B_P"&OB!_P247X?:;
M-;)XF^"'[1/Q<\*^*M/2=3<A?&,^C_$[0]8-BMM;"RT_4+/QA<:79>2;JVFN
M?#^I>5<K+%<65E]U_P#!?3_@EI>_\%5OV'+WX6^!;[3M)^.WPC\6VWQ>^"=]
MJMQ/::;JVO:;H^JZ)X@\#:E=0PW(@M?&'AS5KR*PDEMQ;KXITWPU]MOM*TW[
M?J-M_.K\0O\`@G/_`,%4_P#@W^_;(\7_`+3?_!)CX;>*OVMOV+/B_P#Z?X]_
M9?T&SG\4^++>PCUC7M1L/`OCGX:>&)M1\=>+Y_AS'XCOK;X6?&;X7:7=:OH=
MK>VV@^,[633[S6--^(GZ&V__``</_P#!0WXY>&E\)_LF_P#!!3]L^^^.FI%]
M):^^,EAXN\/_``.\!ZY*6-G/XG\9W/PY\%VFHV1CBG,MCX@\1?"DRLC+'K48
MC<D`C^&'_!8'_@L)X'_9X\(_LS7W_!##]L#Q9^W1X$\%:3\+)OB5JFFOI7[)
M'B'Q'X:T>W\+0?%>^^+46CKX-N8=0OK:#Q#J7@W1O%T7AW4-]W%I/Q,L-)EB
MU&U_/R7_`(-^/^"DO[(-M^SI_P`%2O@UXZL?VE_^"L7ASX^^)?VB?VJ?A;KO
MB58O!WCS1?B!J.E2ZS\._"7B65--TS7M0TFPO_%FF?$:.74M&N?%EOXSU2[^
M%>K6C?#;P_I_C;^C?_@D=^RQ_P`%$/AW??'C]JG_`(*E?&?0OB1^U'^T>/`^
MGZ#\+?!&HK=_#?\`9@^%?A"3Q1K%E\*_!UII4-MX1LK^]UGQ:Y\73^&&\0PZ
MM)X8\/WNJ>/?'6L?;?$-W^U%`'\;?[5G[7/_``7$_P""O/P?UG]BS]EG_@E_
M\5O^">WA/XM'5OAG^TS^T;^U;XM/A[3=#\":B^I:#XV\*>!EU7P3X3U[6?#&
MMV4-SHWB/QCX$\*^/]?UK0]2OM&\.^&](%RGB5N._P""NO\`P0S_`&C-`_X)
M._L9?\$TO^"9/P5O/C1:>!_CA/\`'/\`:2\92>/?AM\.M1\<?$+2/AOJ_AG5
M?B5XKD^*7C[P\^JW?CGQ'XXU*^TSPKH6K:^WAS1_#&A:':64UCX=T66#^U6B
M@#&\.Z#IOA7P_H7AC1HI(-(\.:-IF@Z5#++)<2PZ;H]E!I]C%)/*6EFDCM;>
M)'ED9I)&!=R68FOXVO\`@KA^PE_P58^,W_!<3]G;]O#]G/\`8IT3]I#X)?L;
M_#WX/-\*['Q!\=_@?\+/#_C?QIX4\1^,OB'=+?\`_"7?$FP\8Z3J&@^._&#7
M2ZD?"'DW"^$-$MTB-I=V^K3?V?44`?ST?#?]IS_@X+^*7BKQ9X2^,7_!+WX)
M?L\_#6?X/_'RZL?&OA_]J'X2?$[Q;J?Q*LOA)XCNO@?X1T'[!\7+:V\-R>)O
MBE)X<T35/%.O>#]?T.SL8]2DU.T\.6$D/B&W\J_X-D/^"87[0?\`P3X_8D_:
M(^&G[:OPAL/A[\4_C1^T%K&K7W@JZ\7?#'XDZ7K7P?@^$GP[T#03J.I?#K7?
M%^BN+SQ%>_$O2=1T34=>N2+>V2>+3+:TU'[;JW]-E%`'\4>G_P#!/W_@I]_P
M01_:_P#BI\<?^"6WP7N?VUO^"=7Q^\02:WX^_8JM?%\6E_$#X;2V;WDMH?#D
M^LW^K:U_:^@QR'2OA]X^\*:;\0M1\0^#;N;PQ\7?`PUCPYX1\2776_MB>,/^
M"P__``7D\`Z/^PUX:_X)R?$+_@FM^RIXQ\=^#-<_:7^/W[3WBJVD\6ZAX:\`
M>(-*\=:3X;\%^`[OPSX0\17*Q>*=(\.Z]83^&]+\02:[XET31]-U/Q%X(\.6
MGB>YO?[+Z*`/)_@/\%/A]^S=\%OA5\`/A1I+Z'\-O@WX!\+?#?P3IDT_VJ[M
M_#GA'2+71M-;4+PI$U_J=S!:+=:IJ#QI+J&HSW5Y*HDG>OQ1_P"#F7]FGXS_
M`+2'_!+GQ==_`#P_>>+OBA^SI\7OAC^T_HWA33-$A\3ZKKFG_"]]>M/$:Z;X
M9NX[NP\2W.B>'O$^I>*'\.W^D:]!KMKH5SI46B7]Y=VJ+_0-3)(TE1XI422*
M1&CDCD4.DB."KHZ,"K(RDJRL"&!(((-`'^&K9?M\_M=:/\7OVC/C'<_%)]2\
M=_M87OB>7]IW3/%?@3X=^)?`'QEG\3^*&\7ZU:^/?@[XC\(:A\*KR&T\5;M7
M\/6D/@JS3P1J")+X,3P\\$7E\1XG^,?Q=_:%_L/X/^&_A]\/[>W\1^.=+U#P
MQ\,O@+^S_P##KPAKOB7QM<QZEHGA[3H[GX=^"[;XD_$&\B;Q)K-CX6T'Q'X@
M\4C2Y=>O[/PY9V:7GV>O]T*;PAX2N+J2^N/"_AV>]FN/M<UY-HFF2W4MT9+2
M8W,EP]LTSW'G6%C+YS.9/,LK1]VZVA*/TWPGX6T<YTCPUX?THF.&(G3=&TZQ
M/E6]VU_;QYM;:+]W!?,U["GW8KMFN4"S$O0!\1_\$KO@5X__`&9O^"<7[%7P
M%^*NC6GAWXE_##]G7X:^&_'GAZSN8+U-!\61Z!;7FNZ)<7=JHL[K4M)U&[GL
M-6N+&2ZL9M4M[R2QO]0M&AOKC[[HHH`****`"BBB@`HHHH`****`"BBB@`HH
MHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB
M@`HHHH`****`"BBB@`HHHH`*8(HA*\PCC$TD<<4DH11*\4+2O%&\@&]HXGGF
M:-&)5&FE90#(Y/QO\6OVO=:^$_BRZ\++^R#^U_\`$ZVM++2KQ_&WPH\`_#S7
MO`<XU2VEN#';ZSXC^*WA#4XO[.$$B:L^IZ'IBZ6WE_;Q;&:,-P,G[>'B](8[
MJ7_@G_\`M]V4$2-<7HN_AO\``S,5NMO(\BM/'^T<+>W>"3RY)K@O<P"**:-1
M^\2YB`/T)HK\]KC]N[QLDMLL/_!/7_@H'+&TF;AE^&WP)8"(M'"$#2_M)6KQ
M2*\XO6D6&[4VEC>0+$+N>S#T;C]OSQW#:O<1_P#!-O\`X*+W<JIN6QM_A]^S
MBMU(<W0\M'NOVH;:R#XMX6S)>1IB^M?GW)>K9@'Z+T5^:=U_P4-^(UN$,7_!
M+[_@I9?;I+F,BU\"?LK(46"4QQ3/]M_:ZLP8[Q/W]L$+S+$0+N*UGS"*Z_\`
M!0SXO2HKV_\`P2>_X*:3"2*>6%6T7]ANR>1;>2PB=674_P!N>Q-K*SWLA@BO
MOLLES'IU_/;K+`+22[`/TTHK\U+?]OSXY7,C11_\$D?^"E:LLHA)N+K_`()U
MVL9<QSR;EFNO^"A4,+1;;>0&=7,`D:"(R"6ZMDFU4_;C^/TDD$2_\$E_^"BP
M:X6V:,OXG_X)GQQJ+N..2(3S2?\`!1I(;5D651<K<O"UE()(KP02PS(@!^BU
M%?GA_P`-K?M$"&*^;_@D[_P4(-G=+IJ6\"^,?^"8GV^.:_N%@5[NV'_!2=KR
MWB!NK7[4MS86O]CQPWEWJDT5M'.UFX?MJ?M$K)&LG_!)W_@H,ZWE]-:6@C\:
M?\$P1Y)M[:>27[=+_P`/*98X('DL;MK?4[D6.GW'G6%G;O/<75F]\`?H;17Y
MX?\`#:'[29AEN1_P2:_;\"P+J2FV/Q!_X)?F6>2VN&CM)$D_X>1K.L<D4,C2
M1PZ;>^<UQ$]A/<P11R7R7/[9W[3,+A8?^"2_[>MT)Y"MNK_$G_@E[:B$K'`_
MEW,T'_!2'4DV,D>HS"\D6TB$HL--6&2:Y-T`#]$**_..^_;0_:PC>X&F?\$A
M_P!N*[C47/V5K[XT?\$P=.>8K:V+V@N$M_\`@H)J@MA/>R:G;W)CDNS:VMI8
MW<0O)=1N++2Z<W[:/[8C7<$%E_P2`_;+^SRF))+W5/CW_P`$TK*.V=Y"CR30
MZ=^W+K<[VL*%)9)+>.>Y9?,2*SD=$64`_2BBOS'B_;-_;D<7:2?\$??VG(IK
M<`V[G]IS_@GN]G?%Q;LH@F7]J@W<1C5KQ;C[7I]N$FAM5MS=0W<UQ8VF_;$_
M;A2:*%O^"2?[0F)KF[MTF7]IK]AJ2$"VMWN(KB5HOV@W>"VOQ&\-H\Z1LMP$
MBO$M#-;F4`_2ZBOS;_X:Z_;?\J"3_AT[\>M\JYD@_P"&G?V'_-M3Y$DVV<_\
M+]\AF$B+:YMIKA?/EC8,;42W,=T_M8_MJ$$Q?\$L_C;*HN[NUR/VE/V.8"5M
M)1"+P)=_&>VD-I=-YC6CA/.EBB,S01Q2VSS@'Z+T5^=@_:K_`&U7-J!_P3`^
M,5N\D-[=36\W[1W[(DSA+0I#'9FZMOC(UC;7MY+<P7-H7GN(I;6WNXY?L\@,
MD#_^&I_VUC<3K%_P3&^+,D$%W:V;J_[2'[)UM*5D@6>?4+2:3XL&&_M(S=VL
M,D6VTEA:TU0Q27LZ6UE(`?HA17YV2?M3_ML);13P_P#!,KXGW7G$,@E_:0_9
M?T^1!=7ENEG%-:K\1-1NHC%:3N;Z>>.$0SVV^>VM+::=]/6Y_:B_;D2.0V?_
M``3!^(4\P8B)+G]JK]EFTC=?,N@#)+%XWO6B8Q)8N56&8"2XNHPQ6SAEO@#]
M$J*_.*Z_:E_;R20BR_X)<^-[B'S955[K]K;]E^SD,`CF,$ABB\4WRK+)*L"2
MPB9DACDFD2>=H$BN*3?M4_\`!0,1S%/^"5_BII5FN%MT;]L7]F98Y;=8)&M)
M9I1J[M!-/<B*&X@2*Y2U@>2XBN;R2);68`_2JBOS.7]JO_@H88P7_P""5/B-
M9<7647]L[]FIHP4@5K("4WJ,1<7)>&Z/E`VD"K<1"]D8VJ0_\-3_`/!1UOWR
M_P#!*N=;9/ED@F_;?^`*:N[GHUK:Q://I4L`+(6>YUVRG"I<E;9VCMUNP#]-
MZ*_,B']J/_@I%-(%/_!*^"UC6P@FEDO/VY?@>,ZA-:R2O8VR67A6^:6"TN1%
M:W-]<?9"=\L]I:7<<2"9P_:>_P""D[RW2)_P2VTB..WBC:*:Z_;K^#T8OIC<
M&WFBLTM?`%ZZJNPWL,M^+'SM.D@:1+?4VGTJV`/TUHK\U;?]I/\`X*1S/*LG
M_!,CPK:".P>\22X_;K^&C)/<):K<+I40M/A5=2"_DE)LDDF2'3!=*SR:E'9%
M;MKB_M%?\%'2\RG_`()L^"56*3RTD;]NCP)LN%\N-_.A"_!MI%CW.T.+B.";
MS(I#Y7E&*64`_1ZBOSL?X^?\%%Y5NH5_X)X_#ZV(LGEBNT_;C\),S3M"C"VM
M5D^`]PHO8WD9$:]METXS0.7GDMS&\SW^/?\`P42G6:*'_@GS\.X@9)K5;Q/V
MW?#T31LLMO;M=PQ7_P"S[O:.)YYYX7FLY(KB+3KB6*&YAGTT:B`?HA17YYR?
M'C_@HLR+Y7_!/GX81N3I[L9?VWM!E`2>Z"7D.U/@/%B:SME=YI1(\2"2.2S7
M5)(WLV;+\>/^"B<UC%<6W_!/WX:)/*+.9+=_VX-$MYT\R6%WAN_M/[.DZ01J
MA:/4/+CFNXK<7'V%)+U;<$`_0ZBOSO7]H#_@HBT6G7(_X)Z_#1;>^CB,RR?M
MN:<M]I\MRL1MDN[%?V=7<1AW>"^DCD=K"81O+$UE]LO+);CXZ_\`!1FW6]FB
M_8`^$UTH6&>".;]N:PC*X`2[MT2S_9DN9_+CBB%U;_+?W-W=W$UMMMH([<T`
M?H?17YX7'QS_`."C[-)';_\`!/WX/K$RW"K<G]NZPCN(_P#14-M(D#?LQ7<!
MD:\:6*19'DC@@CBN@MV\KV,4;?'?_@I,%.S_`()Z?!9FS:X#?M[VZJ0\+->D
ML/V6W(-O<!(K4;2+N%FGE-DZBW<`_1.BOS?E^/?_``4X$#M#_P`$Z?@3)<BY
MVQQ2_P#!0<0P/:;+0F=[A/V29Y([GS'OU^RK:R1;+:T?[8&O9H]/S4_:`_X*
MG%29?^";G[.Z/YL*A4_X*-W$BF!A)Y\A=OV,8B)8R(1##L*3AY"\]N8E$P!^
MF5%?F(O[0/\`P5>52)O^":W[,QD\JW=?LG_!2K5)X=\MG;S3PO)<_L-6,JO:
MWDEQ9LRV\D<JVZW43LLXCC9<?M`_\%8HW'V?_@FI^S'<1/823(6_X*6ZM!/'
MJ"SRQQV-S$?V%I(HX)(HX[AKZVN;PQI.D?V1Y5E2,`_3ZBOS'?X]?\%8D?3R
M/^"<'[*DL-S827%^8O\`@I?XG^T:=?QVKS#3O)F_8#A@O!-<>79PWD-VL7F-
M)-<);P1H\Q+\=_\`@K-N@^S?\$X_V1V26WFFD-W_`,%-?&5M);2),%AM)4M_
M^">=\CW$UL\<K-;RS6D4\=W;FZ>.*UNKX`_3BBOS-A^-W_!6F559_P#@GA^Q
MG;%K:UG*3?\`!3KXD,Z2W`MS+9N;?_@FS.AN;$SRBZ='>S<V=Q]BNKP-:&ZM
M67QH_P""L%W+/%)^P#^Q38BW-JIEO?\`@IC\71%*]Q;17,B0-;?\$Q[EIA9^
M:L%U,BFW-RLL5K-<F&4H`?I117YT'XL_\%6@\BC]A;]A@JB6++(/^"F7QKV2
MF[CG>XCC!_X)<B0/IC11PWQECC222Y@.FOJ$2W,MO67XP_\`!5]FN5/[!'[$
M*""*22)V_P""FOQ?*WKH;(+!;!/^"8CNDLHNIS&UXEI`!IM[YLT9DTX7X!^D
M%%?GF?BC_P`%5`J'_AB3]@TEX8Y64?\`!3#X\[HW>&YE:V?/_!*T*9HG@BMY
M&C:2W,UY;-%/+;K=SVL;?$[_`(*K6XE4?L4_L(WVR25DD7_@I?\`'1#*LDMN
MZ1Q!O^"5-F!'"EW+#$9XXYC%IEP9WEGDM)=0`/T0HK\\+OXG_P#!59(I5A_8
MH_80F<RBW1[3_@I?\=1*$D@$GV^(7_\`P2JB@\J"1C"4G4SF>,D6<UJ5E>:?
MXD_\%4R3''^QE^P4-LEBXF@_X*6_'S$BO=A;B("Z_P""4)(CAACWWQ,22FTG
M(TV26^`6$`_0FBOSOF^)7_!5F:#,'[&/[!5G*J6%V0W_``4I^/<\DH%P)KS2
ME7_AU2T*W4EO`]G+<-*MK";R*>UNYVBD,4__``LG_@JFTL$G_#&7[!2(9+JW
MDA_X>6_'PQ*H9FBOYR/^"4+S>6PM@EJEM*90NH*;VS5T=K$`_0FBOSOC^(W_
M``59D>0R?L<?L%0)=VJM"B_\%*/CV#I+I'&&CF?_`(=1WAN=1FFN)G\R,7&F
M+%91Q>6CJT^ISQ?$O_@JL\L9?]C#]@.*&:T27RW_`."E7[0?FV=PK`RP74L7
M_!*J9)9)4F185M(9((FL[MI+V03VJ4`?H317YVK\1/\`@JZ=/.?V//V!5OI9
M6FC,G_!23X_%[1+B\,T%K=01_P#!*?[-/%IUM)':7K6UX)[N"WFEM+A;N6*0
M7)/B1_P54;SXH?V-/V`(I!`&@NIO^"E/[0\UL9Y/.4*8(_\`@E-#<2?9VCCD
MG0FV22.:-(+DR>=Y`!^@U%?G7%\1O^"L,6GR>9^QU^P!<WD%B88R_P#P4A_:
M"2>[U"V%Q&]ZT47_``2PBLS!J3+;W%M9?:;`VZ.T=S=P-(4LY9?B%_P5;062
MP_L@_L!211-$EZ6_X*1_M!/?7@#0J)5F_P"'4=I96JY$DM^$L9FEMVDCT^.U
MN!"U`'Z'T5^4'Q8_:B_X*:?"9_`,NN_L7?L/W<'CWXI?#SX5:4FA?\%%_CU=
M+:Z]\0]3U#1]-O=<N=6_X):Z3'_8$=Q%%]N?0S>:[I4PM;MM,U2QNGM*])F^
M(G_!6@L\<'[(/_!/!#(UQ)#<R?\`!1;]I":"WB6YL?(MKF)?^"7EO<7%R]J;
M]!/`(H'E,5Q(EJ+46>I@'Z+45^<*>//^"N:",']E'_@G1+A[YYFE_P""A?[2
MFYQ,\+V$</D_\$OX4ACL1]JBE\Q+B6\A>SS+!/:W,^H-'CW_`(*\YDS^RC_P
M3?(,J-"!_P`%!?VG`4@"PB6.0_\`#LLB65W6=DF40I&LD*-!*8'>X`/T@HK\
MWU\>_P#!7D(0_P"RC_P3?:3S78,O_!07]IQ4\@SEDC*'_@F6[&5;;;$\WF!'
MG!N!`D;"U5B^._\`@KREG;PC]E7_`()QRWL9LEN+RX_X*"_M+LES'%;:='?G
M[+;_`/!,:V6&XO+N+5KBWD24P645]86S6MV=,N+C50#](Z*_-N?QY_P5]87'
MV;]E/_@FW$6N;]K0S_\`!0']IZX$-I(UH=+@N!'_`,$T+4W5S9HE\M_=1FTB
MU)KBT>WL]*%G,E^2>//^"OICN1%^RG_P3;25F!M'D_X*`_M/2QP+Y<0(N8U_
MX)H0M=,9A,X:*6S`CDBBVEHGFF`/TDHK\R[SQQ_P63>2$V'[,/\`P3*MHEED
M-PEY^W;^U/?22PE[DQ1PRP_\$Y]/6"5(VM%DE>&X61X+EUAB6ZBCLRZ\<?\`
M!9-YXVLOV8?^"95O;!)Q+#=?MV_M3W<[R-=![9H[B+_@G/91Q)%99MYT:UE:
MXNB+N.2VB'V(@'Z:45^:,_CC_@L05ADA_9D_X)L0*E[?RW<*_MQ?M.ZG<2:8
MMLC:=:V)E_X)\Z%;MJCW7FI<W-W+;V1B6(I#$9)&AK0>+_\`@LO+!`ES^SS_
M`,$R+*Y:>P6YN8/VR/VJ-4@BMD?9J<T%C)^PGI$D\]Q'-]HL+:34;>.S?3?L
M=Q=7RZW]OT``_3>BOS)M?&G_``6346[7_P"S;_P3.?\`XFI-S#I_[:O[498Z
M-)?Z&L44,UW^P/$J7]OIW_"1/<WCQ2PS7!T@V^FJL5W!<V(/&'_!8L6LD5U^
MSO\`\$T9+UE=(;Z#]LS]J.*UA8W5T8KF32I/V#II;A5LH[-'LEUFU+W5W=2+
M?I%I\46I@'Z745^9I\:?\%D%\EE_9J_X)FR;+*UCN(S^V_\`M30^?J#6,7VV
MZAG'_!/B?[)90:DD_P!EL'M[V>ZL;B+SM1LY[1_MJR^.?^"QQ@MUA_9>_P""
M9T=RID^U32_MX_M2S03`R`Q"WMT_X)Q026Q2+<DADNKL2R$2J(E4Q,`?IC17
MYIV?CC_@L1#<3C4/V7_^":>HVN^Z%L;/]N_]J+1;@QFX8V3SK/\`\$Y=?C5X
M[78EU%&S++<;I(9H8\157B\<_P#!9!K5-_[+_P#P32%X4NDE,G[=7[4$,*3)
MK%R+:2**+_@GC>M/:RZ&EJO[RXMKAK^:2[DAM8D_LN@#]-**_,X^-_\`@L>;
M^_G'[,G_``3.72WO[=M,TP_MT_M2R7\&E[IFNH;_`%T?\$[8[>[O]@MXK>YM
M_#MG;EGFGDM`(DMYFMXT_P""R36Q*?LU_P#!,R*[$BE8V_;=_:FGMGB6XLRR
M&8?\$^K:6.2>U;4%6002+:W$5FQBO([B=+8`_3.BOS2_X3;_`(+$NT[?\,S?
M\$TK9/,D-M#_`,-R_M1WK&$PW31)/<_\.\;`"1;A;*&26.T*O#+=7*PH\$5K
M<1#QK_P60>WB1OV:/^"9MM=QPQM/./VX?VIKZWO)XX;02PQ6A_X)ZZ?+IL-U
M<)?/'<O>ZJ]A#<6D;6NI/9S2WP!^F5%?FM+XY_X+"*MRD/[+O_!-:1OW:V=S
M+^WE^U#"OR2OYTUS9)_P3AG)^T0[!';Q:@/L<N\M=7R$`>A?"3Q1_P`%+]2^
M)7A2Q^/'P-_87\&?!YFUL>./%'PD_:K^/OQ,^)4"1Z%KLOAQ_"G@/QE^QK\)
MO"]TUYXF7PS9:W'J_P`1K,:9H4FNZI82ZMJ$.GZ/.`?<]%%%`!1110`4444`
M%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4
M444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!11
M10`4444`%%%%`!1110`4444`%%%%`!1110!^?_[??EY_8IWK$6_X>`?LY>49
M!&763;XTRT&^ZMV$IB\Q6,,-])Y#3`VJ0F6^L_T`KX`_X*#^3%X;_91O)(9)
MI;/]O_\`8Z^R^7EO*FU/XL:?H4LSQ&[LXI8TL]6NBWG/.(,B\@M+N\MK:!_O
M^@`HK^6#0/\`@L)^W[I'_!1'XZ_LQ77PG^'?QS^"_P``/VL-5^&WQ$G^&O[/
M/QET'Q[X,_9AA^%?CKXKZI\<?&GQJO\`XM7WP3\&:U\.FC^'O@U]&\<>$/".
MF_&*[UZT?P'/I27<6NW_`+]=_P#!=;P%\0-1_8R^,_@'PW\6_@=^QY\5==^-
M&N_$OXE?M(?L]7NE6/Q(^%GPV_9?^('QMU+Q!\(O%6A?$VY31K'X>ZIX)U:P
M\7ZUJ7AW6H-;U;21I7A2+5M-N;34-<`/Z(:*_!SQ+_P<.?L6?#_X6?"WXL_%
M;X7?M5_"71/C1J$]_P##/3?'WPX^'MC>^,?A)8_LY^`/VK=4^/OA[7='^+NM
M_#_7OAOI7P4^)W@S6+SPWH?C74OCD_B[53\*[+X.WGQ4M;GP9%/J/_!PI^Q9
MI?QI'[/5Y\.OVDXOB_<?'/XP_LZZ3X*?PS\'8M6UOXF_"/P-X0\>65E8V\_Q
MQBEMM%^-=EXVT?0_V=O$6LQZ5I/QD\3P:UI7A6YF31-3NK<`_=RBOY]?VC_^
M#@[]G[X8>&/^"@7ASX9_"#XV^(/C_P#L1_!3QM\6;3P;\1/".A^#?"WQ%T_P
MK\:]*_9ONO$D$D?CBX\;>%?"7ASXM:_I=WKNE?$SPM\,_B#XH^',%YXV^&7A
MCQ=HEWH^I7OHGQF_X.`/V*?@)\7_`(O?`KXC>$/CU9_$OX$_#J;QU\4?#VC:
M-\'O$=QX;UK1_@Y!\>/&_P`,C'HOQKO+C4?&'P\^',TEYXH\2:9;WGP:NO$-
MK<>"O"'Q6\5>,/(T.<`_<:BOYL?CI_P7DN?@U^T+\`?%'B+X#?'KP3^Q?XT^
M!7QP^(OQ)L_B!\$=&\+?'6RM/`/Q(^"G@SPC\>M!'B+XS:)HY_9WU#2?C+8^
M)-1NX]-U'QPVEZ3?/;>&VU.&[T6R^D?B%_P7Z_8C^&OB[XN>&=?\,_'V33?A
M9??M9Z!IGC>V\&^`[7PM\8/&G["^F>#-<_:O\"?"2SU[XH:+XVU7Q+\(="\9
MQ:W>MXO\'>"M`\7:7X=\4W7P\UWQ<-,@6^`/V]HK\4O%?_!>#]D#PEJ,FBWW
M@+]H2XUH?M>Z+^Q=;6">'?A/I-O??$[Q'\((OC7X=UZW\0^*?C+X?\)Q^$/$
M/A*[TW3_``_97WB"S^)>O^+-4LO#6C?#F_OQ=BU^6?VI?^#B[X*:)\//VAO"
MO[)/@WQ'XJ_:0\$?$B+X'_!W4_BWI?AB#X">-/'+?M$>#_V:O$7CC4M9\%_$
M^]\5:#X`\$>,/%L>K)9?$NQ^$6N^/-.M["Z\,@>&=4?Q78@']*=%?D9\6?VF
M?VE?^"?^N^%?$O[5WQ`\(_M1_!WXKW?@/X*?!KPK\"/@7#\-_P!IWQW^U[X[
MU<S6O@30-)\4?&]_@[=?#4?#GPAX^^($=YXE\4^"];T'^R]4TFY\0^,[K^P;
M27BOA_\`\%Z/V&_BUX[^!?@OX66?QI\?:?\`&[2?V<KNY\?Z'X+\,6W@GX-^
M(?VL=<\2>$/@/X#^,1U[QYHWB[2_%GC/QYX;/@*5_!'A+Q[X5\.>)]=\-Q^)
MO$^D:3JT>K1@'[445^!7@?\`X.,OV'/&'P\\1_$K5OAW^TW\--"L_@;?_'WX
M?6WQ)\(?"+1K_P"-GA;2/VEK;]CW6O#_`,.)M(^-^OZ)I?C/1_VD-0TKX;7^
ME_%K6?A?I@;4X_&-MK5S\/K#6_%FE>@>#_\`@O-^R3\1/%O@7P1\.OA+^UA\
M1O$?C'X-ZS\>=5L?A[\*O"?CEOAQ\-?`_P`?O&W[-/Q=USX@?\(K\3-7>TA^
M#?Q1\":E:^,[GPRGBG3==T'5?#7B+X6:A\1M,UNVE`!^VM%?$_[`/[=?PP_X
M**_L\:+^TM\'O"?CSPEX#U_4H],TJV^($_PXNM4OY?\`A%_"_B2]GM+GX7?$
M/XE^'0FD7/B9_".OZ9?:[8>*/#/CGPUXM\)>*/#NB:SH-U:U]L4`%%%%`!11
M10`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%
M`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`
M%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110!\
M$_\`!0**WD\)?LPM=2I###^WM^QC+N:\L[-GN#\;?#L5C%$;R:$7+RW\MK&U
MG;>;>7$+2K;0R.,#[VKX+_X*%^5_PK7X`>8DC/\`\-Z?L"^04E$:QR_\-:?"
MC+S(8W\^,P><@B#0E9GBG\PB$Q2_>E`'PI\)_P#@GI^S=\'/%7[87B7P?'XZ
MNM=_;CN[S6?VC(?$WC_6/$]IX@O-8M/%FDF^T;1]6>XL?"<;:?XH\0:;;6^B
MVMIISVRQPO:S-8H4X"X_X)+_`+%E]\%OV7?V>M5\$^*];^$7[(%EX_TSX-^#
M]>\?^)];T^+2_B9X*\5?#GQ7IGC)-4O;H>.+"X\$>-O$_AO3[7Q$MY%I&F:M
M/;Z:+95CV?BO^TW_`,%!?BSX0_X*7_L]_MU:+XUU^V_X)S_"G]J7QY_P2U^)
MUU8^*?AK>?";5A\0?"F@ZCXU^*NJ^'K/X@WWQ*M/%O@;]H+P:)]=U^?P1;>'
MG^"/PJ\'^*_#\ZZ9K_B*[\2>72_\%B?VV=*\+?M7^,OB5\7K3X>ZS\&OVO?"
M_P`&OVB/@-;?LUW-Y\1OV`_V>[+]K_PMH6M?M+Z/XJ;PO?>&OB%X+\3?LN?$
M#PW'HK_%*V\30^)_&FGZI\0O!"ZAX)T#QEH-B`?N1I?_``1D_8GT?P1^SYX$
MT]/VB(+']E7Q3J^O?L^>(8_VK/VA(_'GPD\/^)/!Y^'WBGX6_#WQ[#\0H_%G
M@?X5>*/`_E^&-<\(>$-5T*.ZTVULGCO(+ZQL[R#W?Q!_P3=_8O\`%'QHUK]H
M;7O@CH&H_&+Q#\9O@C^T%K'CF>]UEM9OOB]^SGX$\6?#;X->,II_[0RU]X'\
M(>-_$NGZ5$<VJ7.H#56@;5;6TO(/YV5_X*F_\%*'_:[^&?[.UCX^\&?$C7?$
M^J_L8?#SX>>'OAY\'+3P5H'[4GPF^,?[)W[3/CO]I']N_P"'D'Q*\/\`_"R8
M]$^#'Q]^&G@#0K&'3Y=.^#NB:?Y%AXOT#Q%I_P`5O"<]EX;\#?\`@M5_P4#^
M)O[-_P`:/$NN_&KPUI/Q7\$?!;_@G'.UW;?`CPPZ^$/C-\=/VY?#?P'_`&D-
M.M?"6I>&]$3Q??\`A#X4^,O#</BOP?%J%Q+X&^(YU2R:[T!?L=LH!^]VH?\`
M!"#_`()W:IK'[0^O:AX-^+M]J?[4?@[XU>!/B]+?_M`_%W4;;5_#?QV^+/A_
MXV^+++2],U'Q5=Z7HATOXB^&['7/#;6%FBVTTMY+K":Y=3)<Q>A^*O\`@CK^
MQ5XPUG]H'5M6TSXU+:?M3>!=$\$_'SPK:_M$?&5/!/Q0N]!\$Q_#BV^(OC7P
MG/XON-&\5?%6\\%Q_P!EZOX[\2VNKZMJVI22^,;XS>.I7\3G^;;4O^"JO[;\
MVH?LM?''Q_\`M4^)]!\)^$O@[_P6DB^T>$?A%I5KX#^,GQE_9!E\0)\%Y?BQ
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M\3?$GB#X.ZQJ0^*,?[23:CX<F^(_C[_A$O".J?M@>%]`\)?M-^)/AKX?7Q`M
MG\/_`!3\8],\+Z&_B?Q%X;^QZK;3VMU'X?N=%T_6M>L=4_G1U7_@IQ^WQIA^
M-_Q\U+]J?6/"?C6?_@D#_P`$P?VF?`7PK\4Z#X1\'_`]_%OQ%\5^&E_:SU/P
MQ%XA^$GC'PG\./%<FJS^._!.F?$OXA6'B_P]X:^(7BSP_H?C>^N/`?AGPCX'
M\&_JU^U9H%O_`,%"?V&O^"1.@>-_C)\1O@?\;OVG?%/P^\3^"?CC>:#HWPG^
M-_A7XQ6_[!W[07Q9\,_$2?P+X2U9;;1+>Y^-GA3X<>)/$_PY\+^)=/\`#.H2
MW.@^$TUF.VN])64`^N(_^"'_`/P3^'A+Q3X$O/!WQ8UKPE\0/BEX>^,?Q*T7
MQ'\??B]XDA^)'CGP]H7@[0H[[QE<ZYXLO[_4+6]7P)X=U1[.UN[%-%U6U$OA
M)O#=I%9V5KV^F?\`!'O]A&P\$_M(_"^Z^'GC?6_A1^U1XM\0^/?B;\)M6^,_
MQ:/PNTSQQXK\3>%O'.O^,_AEX!T[QAIWACX5^+[KQYX,\.>,].\6>!=-T3Q)
MX6UG3HH/!^J^']$_XD]?FM_P3@\5:I_PK;X\_L[?\%-_A%-;?M0?MY_MN?%[
M]F#XJ:+\.OAAX@_X5EXOUCX-_L4_![3?$OCL^,=$T72--\(>#/C7H'@7Q;^T
M9H>N13Z1%J?Q-^,_C;Q3X/TO3)KCQ'-HGC?_``37\'?$+]F3P5\7]=_;E\.Z
MKX@^$/\`P01UO]L'X3?!_P"(6G>%TUOXB_'*\^*%YX>^-=Q\9D\-:98Z??W^
MO>$OV;-7\$:+X:DCGEB\=:W\</&>L>*_[2\7>#=#\360!^XOQ#_X)I?L[?&#
MPS;>'?C#KOQX^+%UH_B?P-XS\'^*_'_QW^(VO^*/A[XK^&\.JVOA'Q)\/;J7
M6(]+\'^(+?3_`!)XNTGQ!K^CZ1;ZUX]T7Q;K6C?$'4/%6EIH]II7G?A3_@C=
M_P`$^/AKXA^$GBWX:_`&T\,W_P`"['X)2>!?"^G>//'>E^"M=\3_`+,DWBO4
M?V>?&/Q(TM-6U*'QSXY^&&M>-?$^JZ+X^\56?B#Q+-J6M3:IX@E\1W5AI:6G
MZ3>#O%>C^._"/A7QQX>:^?0/&7AS0_%>AMJFEZEH>IMH_B'3+75],;4=%UBU
MLM7T>^-E>0&[TO5;*TU+3[@R6E]:V]S#+$G1T`?SK_L.?\&^WP$^%O['%A\#
MOVSM.TKXU?&R^^$'CSX!>)?B7\/?'_Q*T7PWH/PPU_\`:M\3_M;^%X/@[H]Q
M_P`(V?ACK^@_%*_\'>,KC6M.TVYU6X\;^!=.UTZK-:ZCJNFW?Z3Z-_P3/_9B
MT7XK7?QQS\9M<^+NH_LD^+?V*M5^(OB_X]_%OQEXQU7X(^./'NI_$[Q+:ZAX
MD\4>*]5UFX\477CG6-0UW3?$/VY9?#,LEO;>%K;1+'3].MK3]`:*`/E?]DO]
MC/X#?L3>#?B!X)^`?AW4]"TWXK?%[Q;\>/B/>ZUKVH^(-6\7?%CQSIOAW2/$
M_B_4;F^E,%M>ZKIOA/P_;W-MI5IIUA+-8OJ4MK)JVH:G?WOU1110`4444`%%
M%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`444
M4`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110
M`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`'
MPI_P4#MK>?X7_`V6:&*62S_;K_8"N;1Y+.6Z>VN'_;`^#EFTT$\;!-.E:UNK
MFW:\G#1/!/-IX7SKZ%E^ZZ^,OV[)[F+X/_#>."'S8KK]LW_@GU!>OY<C_9[9
M?VY_V>;E)MR$+%NO+>TM_,E#1GS_`"@/-EC9?LV@#\Z?A_\`\%//V6_'OQDB
M^#5Y'\2_AYXPF^*/QV^!6CZ]\2OAQJ?A_P`":I\5_P!GG0+GQQ\7/A[:?$6T
MEU?PKIVL:1\/M'N/B-:#7=5T;3?$7A73+RXT>]O]6T;4]*L/KFT^,_AF[^)'
MBSX??V=K=MI_@_X=>"OB+?\`Q0NV\/Q?"J\A\;>,?B/X*@\):;XE&OO?2^,_
M#^I?#/5+OQ/IMWHEGIFGZ?KGAHVVLW^H7NH:?I?X:^-_^".?C#XJ?`#_`(*<
M:=\3?`_P)\1_M(?M(_$[]NKQA^QYXBU'XX?&KQK\-_A+IW[67PTLOAWI/B76
M/"_B/X9:-X3^%WQ2L]/MI[7Q1XB^'?PY\8:W+H]Q<:)9^/;G3]3U$-I?$G_@
MC5HVN_'O6+[P/^RO^P;H'[+/BOQ?_P`$V_%5_P#!U;"'2]&\/ZM^RK\5OVK/
M''[0>N0_#?1_V<(/!OB#5?B'X._:=UGP5X;O+[68;WQO;V^L:%X_E\.>#?%=
M[8:0`?OE-XG\(S7>CZ)/XA\.2WWBVQN;KP_I$VK:8]WXFTV.S:[N[C1[![@S
M:U8QZ?NNKF:RBN;=;/=-*P@RU?`_C?\`X*;_`+/'P_\`C=\4/@SXX\'_`!MT
M0?`?QE\&_!GQ8^+MW\,C=_!OX;>(?VA;G1-'^#EUK_BZQUB\U6RT#QM+XKL+
M8^,[?PY-X4\+03:B_CG7/#%K8ZA)#^7'['O_``2*_:Q^!/[1?["GQ<\=P_LM
MH_[-O@JX\`?$CQ?X5\<^,?B3J6L?##26_;./A'X8^#O"WQ._9]T>?PWJOA34
M/VB/AOJ/@'XD?#/QE\&/[*\+Z=\5_AYXZ\(^.])T_P"'-YJ/=?M2_P#!,']L
M/X[_`+3/[9?C7PW_`,*$T'X<_M-?$C]BCQ/\._B;=_M4?M(:9XT^"D7[*UMX
M0NKSQWK_`.R=HWP%N?@%\>?&B^(O#\^K>`/!WQ&^)B^"-.O(-+O];O+I)M7T
MN\`/Z!+CQEX0M)M=MKKQ7X;MKCPL=*'B:"XUS2X9O#IUU5;1!KL4ETKZ0=95
MT;2AJ"VYU!64VGG!@3X3^T=^U9\'OV9_@G\7?V@?&%U>>,M`^!OP^UGXB^,?
M#OPR70O%OQ$7P=I5ZEIK-WHOAV76]+-S'!=6<@N1/J%C;-+IEQ$T[75H(:_!
M?1O^"(_Q4O\`XL>*;_XI?"K]C?XI>$-0_:L;XL:G\3OB!\2OCKX_^)GQI^$_
MBW]N[P-^U5XJTKXI?#;QUX"\2?!WP_XP\%_"NV\=?!.QL?#>DZQ'\=(-7L+/
MQ/X\^#'@?3=9\._$'COBM_P0E^,UUX5^./AC]GGX4_L)?!%OBUX8_P""K/PO
M35?"WC'QIX1FD^&G[9.I_"G5_P!F>U\00^%OV4TNKFV^&C^!-7TWQ1\/XM5G
M\,_#^UOK>\\!:OXVEO+BTL`#^HB/QEX'46DT/BOPH!KNNS:!82QZYI`&L^)K
M0FQN-%M'6Z_XF&NVK69LYM.A,VH0FU-N\*F#8GE'Q^_:9^%G[.GP/^,7Q]\9
M:H^N^#_@?X0\2^,O&NE^"[SP]JWBDV7A./5GU;2=+T[4M>T6PF\0B;0M9L+7
M2;_5M.DGU/3+W3A(MW;31)_.C\5?^"*W[84OQ*N==^!?A_\`83\!_"G1OVN_
MBM\=_A5\)[/Q'XS\(:9\*/!_B:V_8(U#PA;>$'T+]EW5;3PMJ-_XH_97^)5S
MXV\)_#>W^'MGI\_C7P?XKC\<?$)--\6_#OQ/=^(?_!#3XQCX#Q^%_A1\)OV#
M]/\`BCXB\2?\%,])^*&AZG>Z]X;^%WC+PI^VUXV^-.H_LT_%RZ\4Z1^SCKWB
M;7OC/^PYX,^)TG@GP#X7\6?#W4/#L/P]\4_$SP%X.\?Z!:>)K34-*`/Z*?%_
M[1_PS\(?"/Q1\8);ZYU[3O"?PLUCXO7W@OPY+HM]\1[OPQH?@NQ\?7UK8>%K
MK6;#=K:^'-4TF[^R7E]96D7]K:9+=7]M9WUO=/F+^U!\.;OX"6WQ\T6WUSQ#
M::G^SRO[2_A_X6:2_A=?C'XE\!3^!W\=Z?I^B^$M3\3Z;IDGB/5+1!H=DM[X
MBLO#8\2,+&[\2VMHDVH1?S6_"O\`X)I?$KXJ_M,?M4ZAX`^!'[-/PCU_X(?M
M7Z]XDG_:!U2S^)W@?XJ?%'7?%'_!([X4?L^>)/A?X%U"Y_9RCMM2_9G^+'[2
M?BGQ9\4_B=\1;+XA>(;L^)/#OBE1\'/%NIZMHOBZ:UXE_P""$W[5OBOPU\5_
M#'B>T_8W\>ZSX[_9-U?P=X-^*OQ$^*?[2NM^,?A'\:O%'_!..#]A2]^%7@G0
M-/\`!.F?#2\^!GA7Q1I&E?&3P=\8/$/P]NOB-HD%WKGAVR^$O_"0ZMI/C7P0
M`?U5Z1XT\/:M<6>EG4K'3?$]S8Q7MUX,U#5-&_X2W1Y#IFDZM=Z?JND6&I7[
M0WVEV>NZ1)J2VTUU;0)J-C<1W4UI?65Q<?#/Q*_X*??LP_!K]H74OV>_BS#\
M7_AT=,T;XD:A+\<_%OP>\;:3^S9<ZQ\(/@=?_M*_$WP?I_QBFT_^Q+_Q!X,^
M!&D:[\1M9N[:WD\)1V?A_7?#<'BB?QQI=UX6C^$?@9_P2F^*/PF_:\^'?[2=
MO\.OV1O#<_A_]MG5_P!H/Q;XP\'^)/%DOQ8UCX1Z]_P2UTK]BK7?`L&JR_`/
M0)+^\U[]HU/$?[1&J^$]2\3P^%)GU^?5%U@>+GO&N^P_:Y_8<_;E_;0_:7^)
M&C_%.W_9&M?V(_$7P/\`C%^SS\,+]?B5\9O$'QW^#6A_';X&_$?X8?%;XWZ#
M\*(_@QX5^&VO_'OQI/XRT?PAIVH>(?C->>&OAI\(-*U[1/!]G+XC\=^.M7\3
M@'TQ+_P5<_9WMO!5AK]]X$_:%T_XA:UXC\,>'_#?[.]W\*F'Q_\`%$'C#X0^
M,/V@-"\3:#X+AUZ;2+SPM/\`!/X=?$7XA7>J2>*()-*A\!^)_!>J6EG\3K&/
MP/<?H+\.OB#X,^+7P^\"_%7X<>(;'Q;\//B9X-\,?$'P'XKTLS'3/$W@SQGH
MECXC\+^(=.-Q%!<&QUK0]2L=2M#/!#,;>YC\V*-]R#\$;;_@FO\`MN:;\2]&
M_;?L[G]F2U_;5^'=_P#!SPC\/_AI8?%'XG:K\`M0^$WPH_8Z^/W[-4,GB'XC
MZM\#-'\4VOB^X^(W[3/C_P"-MCI]K\'[N.STGPWHOPIO/&VJ67B&_P#%>A_L
M/^QC^SCIO[(/[)?[.'[+NE:S)XCM?@)\&/A[\+9?$DD4ENWB34O"/AK3]*UG
MQ$+2269K%->U>"^U:+3Q+)'I\5XEE$QB@2@#Z8HHHH`****`"BBB@`HHHH`*
M***`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HH
MHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"H9H
M$N%59&F4*7(\FYN+9B9(98&W-;RQ,X"3.R!B1',(KB,+<00RQS44`%%%%`!1
M110`4444`%%%%`!1110`4444`%%%%`!1110`4444`?&'[=`BD^%'P[BECMI#
M%^UU^P)?6YEB@>>"YA_;X_9@LOM%J\ERMQ"PM=2N[::2WLYE:*Z,4UW:"1(-
M0^SZ^+_VY=P^%G@`+<2`R?M:_P#!/]C;O)$8/(@_;]_9C69HK=;F"=KN6>ZL
M2;R6WU"WM;>UDM8Q83:DTEW]H4`?C/\`&O\`;:_:,^%?BW_@I]X?L[_X7ZO'
M\!K;]B?P[^R_))X(U6V'@_QE^UY=3?#F'4/BY%#X_OI_B-HGA#Q[JOAWQI=0
M:1)\-M0U?PW#J?AFTL=/D>P\37OPE^T[_P`%7/VJOV;],^-7A76?B'\)+)?V
M4/%G[>/AKQ/\?_%?PZM+3PG\<_'O[-?[,_[)/[5?[.7P#U*QT_Q?'X>\!?$7
MX]^$_P!HWQCX`UZX\+R76OZEXG^#GB+5/A_\/=,-S=>']#_<?Q-^P_\``;QC
MX[_:5\>>)=/\8ZK=_M:_#OP7\-/C5HDGQ$\<VGAW4=&^'6FWFE>"-6\(:1IG
MB"QLOA]XO\/VVIZA<6?C3PA#I?BVVU9K+6=/UNPU#3XIWY?2O^"=7[,=AX!T
MSX8:CHOCOQ9X&'Q@\1_'OQ[H'C+XH^//$=I\=?BSXF\06/BF[\4?M#"^UQC\
M;+6PUO2=#N-'\(_$`ZSX'TVS\/>&]%A\-'0O#VC:99`'S)\.OBO^WS<?M_?!
M[X?>-OB_\"M9^!7Q=^%WQY_:'\0?`?P[^SUXFT#X@_!#X+^&KWP;X.^!^G>)
M_CIJ_P`8;Q?$7Q*\8>+_`(B:-)K>GCX/Z#I,_P#P@/Q6L]&8VFDV%^GSW^WG
M^VW^UC\`OVF?VGOA]\-OBAX7\._#_P"%G[-?[#7QL\%Z3?\`P8N/B/XD?Q+^
MT]^V=XI_9N^(&FO';ZE#X@\9Z=HW@_P+KOBGPAX9\+6;ZT_BS6+>PAO[S2M#
M_P"$3N?VRT+X->`?#OQ@^(?QVT[3+D_$OXG^#OASX`\5:[=ZC>WJ/X0^%5]X
MZU3P;H6DV5S+):Z)8V>J?$CQAJ=Y#ID=LFIZCJSWE\LUQ%%(OR!KO_!+K]D_
MQ5_PT'<^)=-^*^J:Y^TSX\\!^./B5XF_X7U\:K7Q':VWPN^->O\`[0G@#P%\
M/M7B\=F\^&'PUT#XL>+?%WC`>!_A_+X=T"[UCQ5K%Q)9I%!H%OH8!YO_`,$S
M_P!LWXG?M/>+_P!M/X7_`!,U&Q\2R?LL?&KP7X"\)>.M6^"_CS]ECXJ>,_"W
MC[X3>%OB7%>?$C]EKXNW_P#PM?X=?V)J^NZOX7\*^/-;\-^$?"?Q:TS1;G4/
M!NEW;^&_$.JWF7_P4#_X*6Z=^QW^TE^Q/\"=-U'X8%_C'\3=`U3X_#QMXRT'
M1?$'A3]G[Q9XU\-_L]>&M5\%>'K_`%W2-8UKQ7JOQQ^+G@WQA'/IMIK=M8?"
M;X+?'C5M0TO[/HSZCIOV1^S9^QY\&OV7+WXD^)O`,/C7Q%\3/C3J'AS5?C)\
M7_BG\1_'OQ8^*'Q*N_!MA?Z3X+M=?\8_$/Q'XDU>'P]X(T;4[W1?!?A72[BQ
M\/>&M+N+B.PT];N]U&]O>;^(G[!O[//Q4E_:XG\;:;X[UB3]MOX9>$/@]\=A
M/\4/'LEO=?#OP+HOBW1/#/ASP'8SZ[/I_P`-+*P3QYXQU7R_!%KHL<OB'Q+K
M>OR(=5U2^N;@`^5_B+_P5MT/P-^T)X\_9PT;]B_]KGXD^+_`?[06@_LP2ZYX
M-N_V4[3POXC^,?CG]G>+]I[X8^'_``Y-XU_:?\):Y)8>/OA7]LUN+Q!K&A:-
MHG@J"QF;XDWO@Z8FV3YM\2_\%^_@YXM^%'Q9\;_LS_!GX@_$G7?`7[//PT^.
MNGZ7XNU[X2>#K^"V^*6B_"#Q!I(\3?#V[^*L/Q+?P7I%A\:_#ND-\5/#.AZQ
M\(?%/Q$\+^/?AMX<^)#ZMHVF:EK?Z$>&_P#@FE^RUX9\00>+K?3?BMJ/BZ#X
MU?"K]H&7QAK?[0/QWUWQ?K/Q1^#/[.<W[+/@CQ'XF\2ZS\1K_5=>GB^$-YJ&
MAZ]!<W$=EXJGGM-1\2VNJZAI.FW5OX;X:_X(C?L`^%-'U/PWIG@[XLW/AJ?X
M&Z]^SWX9\.ZY^T%\9O$6D?#/P!XH\&_"[P/XAF^%EOKOC+4)/`GBG4])^#7P
M\N_^$ET2:'4=/UC19-2TAM/EU+4EN@#B-3_X+9?"N'XE_$GX;>&?V2/VS_B%
M/\./&MI\*9_$?@KP7\'[OPKKWQBM?VAOAW^R_P"+_AAI_BS6OC9H7@W3?$/A
MGXP_$_0_"%C-XB\3Z/IOC+5_#7Q$A\+75_9^&]&U'Q7X[X\_X*]^/5^+?P6\
M>>&_@-\?/#W[,WA+P_\`MC:?^T;X7C\'?![QMX]\9?&;]G+]G*+XK>,?@9X'
M_L+XI:IJUA\2_@?\0='\7?";Q&L__"-_#_Q+X_\`"WCRUA\>7GA;PO;Z[=?<
M6E_\$F_V,=%\4^)O%>E^'OC#:W'B3Q/X&\<1:-_PTQ^T1<>&/"?COP5\1_AC
M\6;KXA>!/#]U\39].\&_$GXB>._@[\/]:^+7Q*T.*U\?_$E],U>#Q/XEO8/&
M/C1/$.-\5/\`@CS^PG\9O&WQ+\;^//`?Q(NV^+.J?%'Q-XP\$:+\?_CGX7^$
MLWCSXV?"Z]^#GQ7^)6G_``C\-_$#2_AUIWQ$\<>!;N.VU?Q9;^&QJ46O64'C
M#37L?%MQJ>M:@`?-/BO_`(+S_`OPEX#\+_$+_AF;]IGQSH.M^!_VQ/B-K6H_
M"K7?V3/'>@^&/!O["?BGPSH7[1'B,>+(?VH-+\->+]%T+0?%WAWQSX8O?`NI
M>)'\;Z!K>F:;X:M[_P`7C5_#>C_HS^RQ^U[HW[3VM?M!>#9/A'\6?@=\1OV:
M?BEH_P`,/B5\/?B^GPYEUV*7Q?\`#/P1\9O`'B?2M1^%GQ#^)GA>YT;Q=\-/
MB-X4UDZ?=:_9>*/#>KS:KX<\2Z!IE_I@>Z^<G_X(X_L*2^'M>\-7/@[XMZS8
M>)?#/[1O@[69_%W[3?[2GC?5;WPY^UUX.^'/@K]I*TGUKQ=\6-8UBYNOBO9?
M"WPKXA\0:C>W]U>'QTFK>,8I!JVOZZ^H_:'PD_9K^$OP0\:_&KXA_#[2O$=M
MXP_:$\1^"?%?Q7UKQ'X_\>>.;GQ)KGP\^&?A7X1>$[T'QKXDU]=/GL?`G@OP
M_I5Y<Z>+>[UJ2S2\UJYU"YCMW@`/>****`"BBB@`HHHH`****`"BBB@`HHHH
M`****`"BBO(_B+^T!\!_@_J>D:+\6OC9\(_A=K'B"![K0=)^(OQ(\&^"=3UN
MVCN%M)+C2+#Q+K.F76I0)=,ML\UG%-&MPRPLPD(4@'KE%>1_#+X__`GXUW.M
MV?P;^,_PJ^+-QX:@TVY\0Q_#3X@^%/'7]AP:Q)?Q:4^K/X7U;5([#[?)I>H+
M:K=-$\OV28JI503ZY0`445Y5X>^.GP6\6_$_QE\$_"GQ:^''B;XP?#G2M-US
MXA?"_P`/>,_#VM>/?`FDZS,8-'O_`!EX5TW4+G6O#$&JR`C36UNSL3?*#):K
M+&"]`'JM%%<_XK\6>%?`GAO6_&7CCQ+X?\&^$/#.FW6L^)/%?BO6=.\.^&_#
M^D6,9FO=5UO7-7N;/2]*TVSA5I;J^O[JWM;>-2\LJ*":`.@HKYI^`7[9G[)G
M[5(O5_9L_:1^"OQSN-+MKZ\UC3_A=\1O"WC+5M"M-/U;^Q+BYU_1]%U*[U70
M8&U,BVLY=8L[)-15DN-/:ZM728_2U`!1110`445Y!JGQ[^$FB?&WPE^SEK'C
M33=.^-?CWP5XJ^(_@SX?SI=OJ_B/P'X)O=#TSQ5XILI+:WGL+?3='U3Q%I>F
MS)J5Y8WMQ<RR&RM+FWB><`'K]%%%`!117GWQ5^*WPZ^!_P`/_$GQ4^+7B[2/
M`?P[\'VUK>>*/%^O2R0:-H=G>ZC9Z3;W6HW$44S06SZA?V=N\[)Y4)F$LSQP
MK)(@!Z#17P[\(?\`@IC_`,$^/CWXVT;X;?!W]LW]G'Q_X_\`$V__`(1+P;H7
MQ6\)OXC\:>6;CS?^$(TFYU&VO/&ODK:W$L__``BL6K^1!']HEV0,DC?<5`!1
M110`45\^?"C]JO\`9Z^.7Q1^.WP7^$GQ2\/^//B9^S+K/AKP[\=_"^A1:K++
M\-_$'BX^)AH.A:WJ<^GP:)/K-PW@_P`1+>:7I6I:A?:.VGA=9@T\WE@+KZ#H
M`***^?/VG_VJ?V?_`-C'X/>(?CY^TU\2--^%7PE\+/;PZUXMU+2_$6N+#=7:
MS-9V-EHGA/1]?\1ZQJ5[]GF6RTW1M'O[^\E3R;:VEE948`^@Z*\_^*OQ5^&_
MP.^'/C'XN_&#QMX<^''PR^'VAWGB3QIXW\6ZG;Z/X>\.Z+8J#/>ZA?W3I&FY
MVBMK2WC\R[O[Z>VL+&"YO;FWMY?B?2_^"M'_``3YU7PU\2/%3?M"6^@V/PA\
M!7/Q1^)>E>-OAI\9/A_XT\'?#N#Q%X:\)6GC'6/AYXY^'GAWQ]'H7B#Q+XMT
M/1/!M]#X:FC\<ZA+J%OX-_MUM"UW^S0#]&**X_X>^/?"?Q5\`^!_BAX"U;^W
MO`OQ(\'^&?'O@O7/L.I:7_;/A/QAHMEXA\.:M_9FLV>G:QIW]HZ/J-G>?8=6
MT^QU*T\[[/?6=K=1RP)V%`!117SE\+/VLO@-\:OC9^T%^SS\-?&<_B+XK?LM
M_P#"O(_CAX?;PQXJT>V\'77Q2/CG_A#;*'6]=T73-%\23W\?P[\337$GA:^U
MFST^.WM5O+J*:[BB(!]&T45\Q^%?VP_V?/&O[4?Q$_8S\->-+Z__`&B/A3\.
M-&^+'COP3-X,\;:99:1X%\0:Q!H.DZQ:^,-5\/6/@S7_`+5JEPEHUKX<U_5[
MFUF2XBNXX)K2ZCA`/IRBOG+1?VL?@3XB_:C\9?L9Z-XNOKO]HCX>_"K1OC5X
MS\$R>$?&-A9:+\./$>L6.@^'=?C\8:EH-GX,UW^V=5O);2&Q\,Z_K5]8RZ;J
M46LV^F301QS?1M`!1110`45QOQ&^(7@OX1_#WQW\5OB1X@LO"7P[^&/@WQ1\
M0O'OBK4Q.=-\,^"_!>B7WB3Q3X@U`6L-Q<FRT;0]-OM2NQ;V\\Y@MI/)AEDV
MHW@'[+_[9_P8_:WN?BQH_P`-+?XG>'/&7P,\5:-X-^+/P[^,7PD^(7P;^('@
MG6O$GAVT\6^&QJGA;XAZ!H5_+8^(?#E];ZOI.HV`O+2ZM'$AE3=&'`/K&BBB
M@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@#XZ_;B,7_"H
M/`H:,F?_`(:Y_P""?ICE\AV"1#]OW]F#SHS<B,QQ&5S`P@>5'N!"9(XY%M9&
MB^Q:^+_VZXWD^$OPW:)Y(VA_;#_8`EG9(H]D]B?V[_V;89+2:XETZ[VH]]-I
MUVMM;WFE75Q)8I.MU<6EG>V%W]H4`?RX_LE_"W0-3_:N_:]_;!TWXL?#GX0?
M`?\`8B_X*)_MN?$WXGV7PR^&'BO5?CI\8?#%]^S7X7M-0\!ZIK'A?7M4O-9^
M`-KJ4_B+XLP^#/"W@7QE)\1?B-\/K&7PQX<L/$^DQ:SI_F'[3>I?#9?#?_!7
MS_A=":1JO_!1[XM_$/4M<_X)4:GJ=IJ$G[0/B?X?^*?V=/@[;?L86W[#<%_!
MI7CGP[JO@;XRR^++CXB:3\)9(M9\'?$*R\=?$3XJPVF@WS&']_\`Q5_P4%_9
MX\#^)OVQ_"_C"?Q_X<N_V&_`7PJ^)'QHO=4^'_B"#3]2\,_&BR\=3_#^;X8D
M0-?_`!$N-9U/X<^)_#,,>AV#0W'B:VM]*T^XO6N!*OD'C+_@K3^S%\/M"TB^
M\8>'OC7H_BS_`(2/XV:+\1?A2OP^M-5^)_P1TG]G'PYX.\:_'#QS\4_#^A^)
M-3L8/!GP^\"_$KX6^-;F]\#ZQXYU?Q-X=^*'@.?P-HGBB\UZ*QB`%_;)^)?A
M#XD_\$T?^"@&D:QK5EXA\4?#']F/XV?#'XHRIH6NZ7I47QM3]G"R\96UCX,N
M]3T;2K?Q3/-J?CCP==^$==\!/JUB_B>^M-"T/41XOT:_TO3?YW_V?/C5\2/@
MM\2?$WQ"^#7C+X5^&_`VK_\`!/G]@+P]\5/B;^QU\)=<\+_"']G+=^UG\%_`
MW[0WCOXX>#?B*OQ?^'OQ%_;`^'W[-OQ1\>^,?!GC37M2UV\T+X;_``"\;'XB
M?#'6--T%?#][_3OX)_X*!?L]_$;X[M^S[H<_B'4+S5?'OCOX/>%/B9#IFG:E
M\%OB)\7_`(=?#32/C'XZ^$/@_P`86>JW-[JGC;PY\*-8N/%^J17GAVP\*W</
MA;Q_HV@>*->UGP/XBL+/G?B]_P`%)/@K\)M>^.>F6O@+XZ_%GP[^RY9P7/[3
M'Q(^#_@#3_%/P]^!UZ_AW2?&=[X<\4ZQJ?B?P]J'B3Q=H'@?7]`\;>*O"GPQ
MT?Q]K_A3PSK6G7_B&PTV29K=`#\6Y/\`@HS^U=H_B;X'ZO-^U3J7B'X$67QG
M^(?A/XU?%/2_@Y\$]5M=7_8?T_\`;$\*_!_]G_\`;V2YTWP+I5K::Q\9/$.K
MW?[-FM2>!;#5_A3XE\$P>*/VO/AW\.O"'A7X;:]9ZG]`?\%=_A)\0?$G[4OP
M1UOX6:[\+OB#\7?BO\,_`GP'^!7P@U[Q7XNTCXY?L^?$*Q_:G^'7CSQ)^VY\
M!M*\*>!_&T4&B>!?`#ZO/\>_&VN:G\*D\,^#OAMX9T_0O'>N:EXBE^'OB7[^
M\,_\%1?@=XC^+WBSX0ZS\+?V@_!">!_VF-+_`&0_$GQ*\6^!/"UU\+M*_:&\
M01^&+WP%X$N]9\'>/?%^O6<GC^+QGX)N?!OB&]\+VOAN<>*M"?4]8TAYY!;_
M`*375U;6-M<7M[<06EG:0375W=W4T=O;6MM;QM+/<7$\K)%!!!$CRS32NL<<
M:L[LJJ2`#^0?X@6O[8.I_M1_M9>*?VI?V;OB)X)T?XG_``G_`&-OB%\?M4UG
MXD^!/'?PN\,?LB?"W_@IQI=U\2?A/I.B?#37?$46H>$-7_8LT_X@Z7\0O#EO
M<SZEXWOK7XBZ_P"-_#.F:5\0;:WN_5O`W[-GP"^/?P.T)]<^$?ASXC^'_P!H
M#_@J1X]^`W[#?B*]T*]UW0_AQ^P_IGQHU_X]^.3\'=,NH)])^''P^\<_!WX,
M?M#7_P`._&OAK3]-AUOP9XK^'NI:-K5]X#E\'6$7]!_[.O[8'[/O[4W[.OA#
M]JOX/?$#2]9^"'C>V\17.A^+]1DBTF$_\(GX@UWPOXAMKR&XF)M;S3=:\-ZQ
M:36K.TK&T:2-71T)]BNOB=\-;'3]1U:]^(?@:STK2-*TG7M6U.Z\6:!;Z?IF
MAZ^(3H6LZC>RZ@EM9:5K0N+<Z3J-S)%9ZD)X39S3"5-P!^;O[+5YX(TS_@J;
M_P`%3?#>DIHFF>+-8\'?L,>+=8LK*S@L+[7O*^&WQ'TV_P!8FGBD=-:O]+2Y
M\/P:Z4\O4-#M-<\)2ZS8VMKXG\-ZEK_ZM5X9X=_:;_9[\6>)_BIX-\/_`!D^
M'NH^)/@CXF\,^#/BOIB>)=.MSX(\5>,]"T7Q)X7T'6+J[F@L1J.M:1XBT::S
M@M;FY+75_'ICE-4CFLHMCXB?'#X:?#/P5\2/'&N^*=$N[+X6>&]4\2^*](TO
MQ!X:.O01Z<MU%;Z0EKJFM:79VNMZYJMHWAW0;36-0TJ#4/$,T&EF[AF=B@!Z
MW17SK\!/VI?@]^T/\(O@O\8/"7B*U\/67QR^`?PY_:2\,^!O&VK^%])^).A_
M##XF>#M'\;Z+J7B[PSIGB'6X=,DTS2];MK37[S3]3U?P]9:I!=V]IKM_;QQW
M<OK-I\1/A_J%]:Z98>.?!U[J5]JFJZ'9:?:>)M%N;Z\UO0H+:YUO1[6TAO7G
MN-4T:VO;.XU73X8WN]/@N[:6[AACGB9P#L:***`"BBB@`HHHH`****`"BBB@
M`HHHH`****`"OSF_X*,?`'X+>(/V8_VV?C?XB^'/A;6_BD/V$OCM\-O^$YUF
MT^VZ[I?P]T3X?_$WQ4/#_AN]OM0M;;PB]QJOB+6+^ZUO0YM%U"\O?[&N-;U"
M_MO#.A0Z=^C->+_M!?`;P+^TU\(_'/P.^)UUXSC^'GQ(\.ZEX3\9Z?X&\=>*
M?ASJ^M>'-:A%EK6C3>)_!6IZ+XCBTS6=)DOM$U?3H-3CL=4TC5+^TOK:XWV\
MEN`?AEKOCK0/V*?^">W_``32^-?[/OPV^'?AW]J7]K7P%_P3;_X)V^&?C5J&
MA7LGA3P'IG[0FG^"H[?XD_$3P9I6I>&K3X@:=\.IH]<\1>'-/U>2RU)O$&IP
M:9)K%EH.L>(M/U#V[X:?''_@H+XT^)/_``4<_P"">>G_`!G^$-[^T_\`LX>$
MOV=/B;^S3^UQXC^$T,7AK7?`'[0:^(;^72/CC\)_"&IW7AG3O'O@J\^'WC#P
M]IUUHC>';7Q;HNL:!XGA\#0Q:'J-WKWW_-^P1^S'JG[)VE_L2^+O!FO?$7]G
M;1=*\/:'I'A7XE_$+Q_X\\0Z3I7@[4M/U+P5;Z+\1/$OB34/B#H%WX'?2-(@
M\$:WH/B;3/$'@^/2M.N?#>JZ9J5I#?KPNB?\$R/V3]&^!GQY^`LVC?%/Q+HO
M[4.H:7JW[07Q*\:_'GXS>,_V@?BKJ6@6.@Z5X:G\2_'_`,2>-]1^+"VGA71O
M#6CZ+X5T/2O%.F^'/#6E1W]GHNCV2:YKQU,`^>O^"]>K_$KPS_P1_P#VW_$7
MP\^*.M_##Q1H?P3U635_$?A'3M"6_P!>\/:C):>'_%G@^VD\2?VBWAS3_&.E
MZO=Z3=ZMHUV/%VEV%S*GAG58=;>TO%_-OX_^'OVM/A1_P4(_X*!>)_V>?VF/
M"/@/XE_"+_@D!^S?\6/B#\5_%GP"\#^-O$?Q,USX<>/?VNM5T^PA\(:5K7A?
MX>^$_P#A)5T%V\2:E-X8OKN.RM]-TGP[I>DV]PGB&'^DSXV?`CX7_M#_``0^
M(W[.OQ<\.GQ7\)OBMX"UOX:^-?#L^I:G;7&H^%M>TN32+V*#6[6[BUJPU2&W
MD%QI^NV=_#K&G:E!;:I:7L5_;Q7"_&A_X)'?L-?VGXIUE/!?QG@U3QY\![/]
MF7Q_>6G[8'[85B_COX'V=EJML/`_BN&R^.]O;:J+V\U[Q%XBUCQ*\*>,-<\7
M>*/%_BS6/$%]K_C/Q;J&M@'Y,Z]_P4+_`."G_P"UQXP\>^$/V&O#7A_P[XJ^
M"'[(7[%GQNO-'6/X#?\`".>-OBK^UI\$=1^,\;_%2Z^-_BVP\2:3\"M)%O:>
M#K.+X1PV/C6'4M-\6:E?>,[H+I6D6WZ;_P#!0_X5Z-^W%_P3;M/A'XM^-OA7
MX`>+_P!I1_V8G^''Q.\*WFG_`!-^'UC\>;OXC?#;XE?"S1]+9+V+PW\3_`7B
MGX@Z%I6@6OVJ>ZTKQ1X?U&+4M*AN]4DT='V/&?\`P1I_X)R_$-_@[+XU^`FI
M^([CX%?#G1O@UX"OM0^-/QZ?6+OX+^'KDWVA_!OXF:_'\3H]?^.'PKTN]>62
MT\"?&S4_B#X>BL9[GPZ++_A%KJXT.7ZU_:/_`&3_`($?M9?"F#X'_'/P;<>)
MOA;:Z[X-\3VGA;0O$_BOX>FQU[X>Z[I?B/P5J>E>(/AWK7A7Q3HEQX;U32+6
M;2_[$US3H[<@.J&:WLIK4`_G-TG]K7]IS2/$7[?'@3]J7X&Q?LB_\%>_V<?^
M"8/Q-^.7@+]HO]GJ\\#>-/@#^U;\`/@-XM37O!_CO3-+\=>'/%NGZ+&OQ5AM
M?!>K?#WQQI]_X@TWP5X]\=+HM]X#U:[M8/"_I'[0_P"W'^W9X"U?]IBZ^'WQ
M^T>UL_"/_!`C3O\`@I/X1TSQ9\+/A?KUCX1^/GAC5$@\41:5:Z3X<\/:]?\`
MAGQ;X;^&OBJ6SLO&&MZ]INB>,?B+JNH65IJ7AWP]H7A+0?V7^#__``3N_9;^
M#.K_`!6\3Z?X<^(/Q.\:_&WP(_PG^)7C_P#:+^-OQE_:4\?>(/A%OU(P?"9?
M&'QT\=>/==TOX=PIJUXMQX:TB]L;76[ADU7Q*=:UM!J9^&_VB?\`@C9^S'X.
M_97_`&E/#/[$O[-'A_3_`-I7XB_L6?&G]CSX7^,/&?QI^*=R=(\'?&+P?JWP
MZCTKQ+XR^(7BOXAZEJ/A_P`&:9XJDU?1[+4M+UNYMO#_`(0TKP/H-[H.FV7A
MN#3P#\]_&W_!1O\`X*-_L+Z]J6H_&GXS?#W]LCP[\:_^"2OQ,_;J^'.FW/P4
M\-_!U?V>/C3\(=*\"K=V&M#X=2B^\5?`36V\>Z;J/B.Z\2ZS?>-;G5;/48/"
M^H^%K*UM=$UCH_VF/C]_P6&_9?\`A'\>M>UK]J+X8V1U#PU^SKXY_9[U;XC6
MO[,OQ)^-9\4>*OVE_A#^SY\4=*3P%\'/A%\,?`^H?LJZA'\;O"/B32_%>H:?
MXD^+?@S46TKPO>>/O$-QX@BO[;]?_P!BW_@G=\"_@5\%],M?&7P5T]OB[X_^
M`7A[X'?&^3QW\6_B7^TL)/`MIHHTS7?@]X.\5?&77O$<W@[X':E<O<ZBOP;^
M'5AX-^%5E-<10V7A(KIMC<KD>$/^",G_``36\!?"/QE\"O"/[-B:)\+_`(AZ
MAX3OO&V@6_Q=^.\M_P");7P%>ZCJO@7PQJGBR[^*%QXQG^'_`(+UK5+CQ!X2
M^&HU]?A]X;\20:5XCT;PS9:YHFBZA8`'YW_M$_&_]N3_`()C_'']G3Q3^UU_
MP4`\??M'?LO?&+P#^V'X0UF[\-_LT?LS_!T:)^TYHWA+Q)\4_P!F3PDR:#\+
M_&WB.XT_Q%X"TC6_AS\/]%L?$TNL>+_CEX:\/ZMXE;7?"WBJ[^'MOTY^,'[>
M7[,O[7/[)OP.^.'[5WA/XL^(==_X)8_M7_&?XRZ[\3OAS\`/AIX$?]HGX13?
M"S4YO%.M?$+P/\/O`MYX1^$.A>(?%.J6+V6FZAX:T&T\`Z#I&J^,?^$B\36%
M]XLN_P!P?B)^SU\'?BYX2^'G@?XH^#8OB#X=^%7CWX6_%'P)#XOUKQ'K^J:-
M\1/@OKNF^)?AOXSG\2:EK%QXDUSQ!H.N:39WUUJ/B'5M5G\2,U]!XI;6K75=
M4@O/-OB?^P]^S#\:/C%9?'OXI?#B;QE\4],^'?BKX1:9XAU#QM\0;2RL/A;X
MZTF]T;QOX`B\+Z1XJT[PG/X8\86>HWI\3Z=?:'=C7+B6WN-1>XDTS2#8`'\R
MG@7_`(*A?MI?"GP?X@^#?QG^.O[3WA;]J_Q?XN_X)W_LY>+O`G[:'[,_[.G@
M_P`9_LL:W^T%\=/'/P7^._[:_P`$];^!/PB\%_";]H+]FS4BVAZ5\&K_`,77
MWQ+MO#OQ1\+6-AX\D\5:-XICT_Q!Z]^U7^U]_P`%`?V:#_P4O_9?\"?M@^)_
M&_BO]D;P7^P[\?\`X'?M'?$?X/\`[/\`XD^(R^"/V@?%EQ\+?'OP.^.=AX'^
M'7P\^&.M1MKVGCQ9X1\8^'OA_P""OB=_8U^]O=7>KK!)XI3]T_"/_!,_]AOP
M3X0^(W@32/V?_#NI^&?BOX+\(_#GQS8^/->\:?%675/`'P^:_N/A_P""+2^^
M*?B7QG?:)X/\!ZKJ5WXC\&>%M"N-.\/^&/%K1>+M&TVS\2VUOJL3M2_X)I?L
M1:Q\&_%OP#U;X&6.I_#/XA>)?#?B_P"(UCJ'C?XF7GBOXD^(_!L4$'A#4OB3
M\3;CQI)\3OB$WA:WM+"U\.6WC+QCK=EHEIIFDVNFVUM;Z3IT5J`?F!\>/BK^
MV/\`\$K_`(R?LN?&K]K'_@H)\5/VH_V(_%VM_''X=?M&C7/@1^R=\-+7X<?$
M/Q1X=\3>*_V4]6NO^%8_!_3_`(D/X4\0W^C:Q\++][#QAI=A/\2(?`E_+=6.
MBZ]<>`KO](_A#X1_:#\,?\$W5T;]JOXF:W\4_P!HK5?V:_&6O_%_Q-X@TGP;
MH\VE>./%_@C6?$&M^!K&U^'7A3X>:+=:#\.;O5)/`^B:NN@Z7K>NZ9H%OK.K
MR1:I?3K#YM^TE^RS^U=^T-\9_A9\$KG4OV;-#_X)G>")/V?/B+XOM]2M_B7X
MO_:^\<?$/X!?$ZS^)ND?#!]0\3'5/AU#\)/$FO>`OA3/XI\776I'XE7.GZ;X
MGTDS:D_B0ZEH_P"BGQ,^&W@SXP^`O%'PR^(>E7&N>"/&>F/HWB;1K;6M=\/O
MJNDS2Q2W&GR:MX:U/1]:M[6[$2P7L5GJ-NM]9O/878FLKFYMY0#^&/QG%^U'
M9?\`!%7_`((V?%GXWZ3^SA%_P3__`&??B9^P'\5/'`^%?B'QS:_MG:IIMAXV
MTCPIX*N/`DGC>VL/A_I.KG6?%=I_PF^E^%-8N?$EWI46H:WX>USPYH%KK.GV
MGZ9_%']LO]LKQ/\``W_@HU_P4/\``'[2OB[P/J'[`7[??Q&_9R\&?L=:9I?P
M2N_@5\0OA!\`?B'\/_!NI^%?'B^(_`6I?$_6_B_^TCH'C-O$GA[7M%^+.@3Z
M-JWBGX?6GPTTRZTY8+;QA^S7@'_@E'_P3K^&>M^`M?\`"G[)OPN%[\*KG3=0
M^&-IXEMM:\=Z!\.M7T86XT;7_`WA7QUK'B/PQX3\2Z,UK#+I'B;0M(L-?TN<
M27%AJ5O///))ZAXJ_8+_`&._&_QAC^/GBO\`9\^'VM?%<ZYX<\5:EXGNK"[$
M'B?Q;X+O+:_\#^,?''AJ"]B\)^/O&7@*\L-+F\`^+O&VAZ_XC\#'1-`7PGJ>
MCIH&C+8@'X,_%;]M/]J^#]N3P^WPK_::^(/C;X7ZO_P5_P#"_P"P%XTN?`OA
M?X'VO[*'PN^'NL_`N[GU?]GI-%\>6M]\;?'7[7/@CQXDWQ`^(?Q6\,+K'PN\
M.ZI8Q_#N5[8VWB3P;IGSWX$_:K_X*'>%?V7(_P!JOQQ_P4"^*/C>#XD?\%`_
M&_\`P3#LM+\0_!7X!V'ACX+>$_&/[<*?"&P_:TUW4_`7PR\/6NH?%'X=^!]#
M\4Z=H8N/"2?#F77/%'@G3?\`A`CIV@WVD^+_`.BGQE_P2S_X)V_$3QOXZ^)'
MCO\`8]^!WB[QS\2?'^@?%3QEXC\0^$+?5+[5/B-X;N]/O;+QG;K=R26^B:_J
M%QI6G_\`"4W^@P:9+XVAMDM?&1UZU:2%^[\+?L!_L:>#/A'\1O@'H'[.WPXA
M^"GQ=O;S5/B9\*]2TRX\0>!?&FLZA=66H7NO:YX;\07>J:9<^(KC5M.LM=D\
M0BW36CXBMH_$0OQK@.H$`_.3_@F;\.=3^$?_``4S_P""T'@'7?BG\0/C)J=O
MJ7_!/KQ+:>.OBK#X1G^(%SX<\1?L]>,8].TG6]<\#^'/!GA_5[71=9TKQ)9Z
M-Y?A'1]2@TX1W&NW7B'6[_4/$6J?%7[7/[;?[4G@W]M7Q_??!_\`:,^+7BCP
M7\-/^"E__!/W]EK7-,\*^%_A-X:_9:^#7PT^-[?"KPW\4/@#\0]"\9Z9JGQ:
M^,WQW\<WGCWQ-XUU#XB>"K+6?#7P]T8>%8M$^(7@3Q':2_#5/Z`O@%^PU^R)
M^R[XI\2^//@)^SU\+?AK\0O&6C6/ASQ=\1M`\*::GQ$\3^'M,^P_8-#\0>.[
MF&?Q7K6FP_V5I,D\.I:M=-JEYI5AJNLR:CJ]NM^>(^(W_!,[_@G[\7_&_C_X
MD_%']CWX!>/_`!U\4M2\+ZU\0?$WBOX=Z%K6I>*=9\'7&B7&@:QJ3WMM+%_:
MUO\`\(YHMK?:E;Q07NMZ;8II.N3ZEI<MQ9S`'\[>B_M`?M_>#_`'CW]HS7_^
M"@OQ^\?_`/#/?_!>N3]@[2_AAXJ^'/[-.@>#?BE^SK<?M7?#OX'ZU:_%Y/!7
MP4\.:IJOC#5?#6M3W6B>(_AU>?##PMH$<LEUX?\``6FZEJ#ZG#\8_M!?M;_M
M'?\`!3G_`()-_P#!;']I/XO?'_QG\(YOV7?C#\0?V;_A]^R+\-X/!OASP3I'
MPKTWQ[X!U.'5/CUHWB/0+WQAX_\`&_C'2_%6H_#6'Q!=^(/#UEH5[\,[W5_`
MGA/2/%EQK_\`:O\`76__``3(_8$D\.Z[X1;]E;X4#PMXF^*=E\<=>\/)H]U'
MHVJ?&33GU&2S^*5SIT=\MJ?'T$NJWTR^*DB366FDBF>\:6UM'@F^*'_!,O\`
MX)[_`!I\7>*/'?Q5_8T_9V\<^+/'&G7>F^-=8UWX7^&+B7Q@E[KU_P"*9M0\
M56\=A%9>(?$*^)=4U'7[;Q3J]M>>);+6+VXU&SU:"[D:6@#F_P#@JA\'O@;^
MT)^PS\6_@/\`M$?$3Q/\)/AU\9?$_P`!?A?IOQ-\'1WLOB#P+\7_`!U^T5\)
M_#7[.OB:U2Q,<GV72OVA-2^%]SJ[7-UIFEQZ,E^^M:UH>CK?:O8_B+;_`!A_
M:T\%^,/VS/V'?^"CO@+X7^/_`-K#P/\`\$H/VM?BA\!?V[/@9:ZM8^'/C[^R
M\E_<>%_%.A_&CX:10V>G_#GXH+XN?PYKD>I1V<7A[3]8N-=T?0=0C'B263XJ
M?TM_$G]G/X#_`!@^#H_9Z^)GPC\`^,?@4(O`=J/A!JWAO3F^'/\`9WPP\1^&
M_%G@'13X1MX8-$/A[PQKWA#PU=Z=X<-F="\C1[73;C3YM+\RRD\1\&_\$Y_V
M)/`6@_$WPYX<_9W\$"P^,OAJT\$?$^ZUZ37_`!?XA\9>!=/O)-0T_P``ZKXM
M\7ZSKOBK_A`=.O99KK3_``/:ZS;^%+&::9K31X?.DW`'\^WP"^,GQW_8^T_P
MQX:U_P#;H^(VG_"[QW_P;O>(_P!LNTU7XU>#?AMXT\$?LG_&CX5CX`?#OX=>
M)/A;\._`_@CPKJ5U\/\`P=H?Q):"\^&6OVWB;4_'U_X<L7U+Q'K_`(CU35IA
M\L_%S]LG]NSX=?LF?\%G]/T#]J/]IKX2ZW^RO\"_^":_Q\_9\U#XF>*?@M\0
MOCF\/[1WAOX@6OQ<L?&&LRZ)\1QX2TGXD'1]+\>P>!O!GC%O$7PBU2/3M-\*
M^.-/\-/JGAS4?ZIH?^";'[!L&H:1JJ?LJ?!B;4="^'%S\&]*N=2\&:9KHL_A
M#J&E7VA:I\+$MM>BU.S;X?ZMHNIWVF:CX5>W;2+B&6&X^S)?V&FW=G@2?\$I
MO^":$NDW.AO^P9^R=_9=[X/T#P!>VJ_`OX>Q_;O!WAG6;CQ%I.@WT\>A+<WM
MF/$%R=<U$W4TL^N:O;Z?J6N3:C>:7ILUH`?C)\<-+_;HTC]L&^_X)M^"_P!O
MOQ[>-X>_8_\`$W[8?@_XT_'+]H#PI^SC\4_&'C_XG?'?XG:3JFHMJ7PI_9C^
M(=C\5?A/^R[X:\":8UM\&+>S^#NB6MAX[UB?QE<:[X(L?AQ;>!ODWQI/\>O%
M?CG_`(+5?M3^$?VS/''PK^(_P%_X)1_\$XOVHIO'7[+MIX;\'^"OVCOC+X4_
M8^_:A^)?@[Q9XDNOB+\.]0\3S?"F_P#%&CZR^G?#_P`-P^"+/Q1X>\3Z+I7C
M2TGO/#AT4?U0_&7]AG]C;]HG2OA?HGQZ_9>^!7QCTGX*_8D^%-C\2OAGX4\9
M0>`[.PMK&TBTCP^->TR^-IX?N+;2M*AU/PX6?0M932M+&KZ=>G3K(P4M9_8(
M_8J\0ZY\2_$NM_LM?`[4M?\`C+X?B\)_%K5[GX=^'&O_`(D^%;>;2KFR\,^-
MK@62OXD\/Z;=:)I-WI.C:J;K3M(N[&"[TRVM+@-*P!_/S>?M+_M'?M<>'_\`
M@J?\8-5_:T^,W[)_Q%_X)\?L\?!;XB_`CX:_##6M`\._#G36UO\`9$TK]IR3
MXX_&GP_JOAG5=,^+W@GXO^-Y=4T.[T'Q;--X=\$?"SPQ-8V`T37-3U;Q/<>>
M?M(?MA_&3X7_`+3_`,?/VV-&\/Q>'_CFG_!L+^SA\79;*+0]0N[#X:>._'?[
M5'Q3N]<\5W/AB]M]0U*^T3X0:CXDU#QIJ?AR_BENKW2/"=UI-[+&\TUQ'_2=
MXK_8,_8E\=7WP^U+QC^R5^SKXDO_`(5>'=`\'?#NYUCX/^!+V3PEX-\*W;:C
MX7\&:3YNALL?@WPWJI&M:!X3E$OA[1]=C@US3M-MM6MX+R/L;O\`9/\`V8M0
M^*'BKXVZE^SY\&M4^,'CGP+<_##QI\3=5^''A/5/'/BSX<WEK)I]WX%\1>)K
M_2KC5M9\)W.E2#1)]!U"ZN--ET""TT%[9M'L;.Q@`/YC_P!HS6?''["W[:_[
M<'Q>^!GQM^(OQU\:>#?^#>G2OBUX"^(_Q:^(*_&GQ-H\ME^U5\3Y-5^*UOOL
M[Y+SX?>%=-F/Q4MM.M-,U3PY<#3]<L=(L)]%CM=$AYSXY^)?VX?@?\%OCK>>
M$/\`@J=8ZI!X@^'G[&?Q:^#VA?#+XV7W[5OQ,\//XN_:B^%?P%\3?%3Q-\5O
MB%\&O`>C:=\&_CEX<^*MQ<V7PRTR7PP/$'C7P.^J_!]+?P_H?Q(\/S_TH_"_
M_@GK^PC\%-<M/%'PF_8Y_9F^'WBBQ\-7G@VR\3^%_@I\/-+\26GA/4;'5-)U
M/P[;:]!H`U:#2-4T76=0T'5+&.\6#4O#TL.@7R7&C65C8VV=H/\`P3<_X)[^
M&/AKJ?P:T/\`8?\`V3K'X2ZWXRM?B'KOPT'[/_PMN/`VO^.=.CU6#2/%>O\`
MA>[\+SZ-KFNZ!:ZUJ5AX;U#5;.\G\-Z;.FF:$^G:?;6MM``?SV?MN77[4G[&
M_P`2=6\*7_[7O[>/[0/[.'P(_9XT[QG\5/C/X&^,OPZTO]I_]DGQ/\8?V@/C
M)K_AK]H?X[_"#2_"_P`)-$_:Q^`&N^$?!ND?#[1-`\(>)K4>#-*^$7Q!L1X+
M\+:EK^F+)^P'_!73X^?$[X+_``\_8^\&?#WQMX@^%&@_M5?\%`?V;_V4/C)\
M9/"J06_B?X8_![XL#QG-XEU+POXDN;:^MO`/B?Q;JWASP]\-]#^(5U8O'X/N
M_&?]K:?=V'B2+0)Z^Q_'O[$G['/Q3\6>&?'GQ*_97_9[\>^-_!>E>%]`\)>+
MO%_P@\!>(?$OAOPSX)O+C4O!WA/1=:U30KK4=.\'>%M6N[K6_#_A"UN(_#6D
M:]<2Z[8Z5!J[M>GVKXB_#3X=?%_P;K/P[^+'@3P?\3/`'B2*&W\1>!_'OAS2
M/%WA'7[6WN8;R*TUOPYKUI?Z1JUG]HMX9'L]0L[BVFV!)HGC+*0#^33]LC6?
MBYJ/[+__``<"?L6^./CE\9/BE\$OV'M"_9P^(GP6^*WB#XARW_Q>LM'^.7P@
MOOB'\1?@7\4_B))96"?$KPW\(]1L[#Q=:6GC:/Q9XLU+P1XNT+2/$FIZUK%M
MH=Y;?UH^`?!EM\/_``EHWA&UUWQ7XHCT>W:W/B+QUX@O?%?C#6&,CN+KQ!XD
MU$M?ZS>I&T=JEW=L\PM+>VM]Q2!,>-3?L8_L?W7PCE^`-Y^RK^SC??`NXU^3
MQ7=?!K4/@C\-;_X67GBN9S)/XIOO`-YX9G\+7OB:XE9IKGQ!=Z5-J]S,[S3W
MDDKNY]S\(^#_``EX`\-:-X,\!^%O#G@GP?X<LH]-\/>%/".B:9X;\-:#IT)8
MQ:?HVA:-:V6EZ791%F,=K8VL$"%F*Q@DY`.BHHHH`****`"BBB@`HHHH`***
M*`"BBB@`HHHH`****`"BBB@`HHHH`^(?V^9DB^%'P@1Y4C:X_;>_X)_0Q(T@
M1IW7]M+X&W!BC4D&5Q%!).8U#$)"\N-L;,/MZOAC_@H!N_X5;\$MH8C_`(;G
M_8!WD(6`7_AL7X,8+,+.Z$:[]@#F?3@6*Q_;',@T^^^YZ`/QL^./[!7QZ^*?
MQU_X*.>/[?4/@]I'@K]ICX#_`+$.A?`?5;KQ5X_UGQ9HOQD_8D\=_%/XO^&[
MOXH>`M-^&VG:?9>!?$GCWXAZ;8S3^$?B'XOUV+0_";W+>&[^Y\3-HNB?.GQC
M_P""3'QE_:.T'XO:K\2;/X8^"OC=^UU^TC\3/'WQ7^*WPS^//QBTB^_9?_9P
M\??`7X(_LM>*?@Y\)KS0?A_X,N_VB_$7Q.^#'P6T"7Q9I'Q%TCX3_"V+Q[<0
M>(M>L_'&F_#7P?X=\6>D?$KXI?\`!1KPK^UY\0?@);?M-?!JUTK0?V2OB7^U
MUI.L+^S+/>V%IH-C^TI=>$-)^'=O93?%>SEU#4-!^#<=B!JVHZE=7<OCYH+J
M[NF\.W%];ZGY-\#/^"\&@Z+^R3\%]?\`VBO@!^TCJ_[5&I_`?]COQ7J?@'PK
MX+^&4^J_'_6?VB?V7?BK\>5^*/PJT[PE\1-2T+1?"/B6/]FG]HJZTGP=XE?P
MI\0;1_"^@Z.?`%EJ'BK1=+4`^BOA+_P3>^*GPT_:,^%.G+J7PQ3]CWX`?M@?
MM)_MR?"F;3O$OC&Y^,5]\0/CW\)/'/PVTSX.>*_!FH^$8_#FE^"_AOJ_QU^,
MGBK1_B%IWQ5\2:QXGL-)^'OAO5/`^A?9M;U/4^&^.G_!/W]KNV\%_M_?LX_L
M[ZO\&-4^"?\`P4%^*OB/XXZ5\4/B'\2OB+\//BY^RC\5/B7H_@RU^*TVA>'/
M`GP=\=^'_BUX<M=>\"Q_%+X2RW7BWX3ZKH_B_6+_`,%>+]2US2VTWQ,OJG[?
MG[<GQT^`O@?]@/\`:8_9R\$^*_B-\//CC\5#I_Q<_9P\0?#:30_B[XF^!=W^
MR;\</VLO%>N^%-&\3S^%_&?@WX__``T\!?`7Q`VA?"W77MT\3^)M2G\"^(M+
ML-:CM+BW^?/`W_!;+X<^&[GQ#J>K:GXY_:W\-_%_]H_XBR_LY#]FCX9VGB74
M_#_[)7A7P?\`LQ^(KSXA:[H^AW*>(_$G_"*ZI^TUX2T4Z/%HTWQ&UNX^WZ;_
M`,(Z-;\-^(K6S`.0TW_@E;^U?=_M+?$7QOJGA/\`9-\,>#/%7_!57P!^W]X.
M^.6@?M"_'[Q#\8_AO\+OAWH_P7\)S_!_P_\`L\']GGP+\';OQ;\2_!7PDUSP
MCKWBWQ'\5_$'A_P7X?\`BOKMII?A;Q5J_@WPMXCD_8C]N'X._$C]H?\`9J\>
M?`3X;MX8B3XRS^&?AO\`%*X\3>.?$?P\D3]G[Q5XGTG3/V@['PGXE\+>!/B%
MJ=I\0/$?P<E\9^%/`LLFC6=AI_B77M/UJ_UBTM]*:"[_`!E\;?\`!8SX]_#?
MQ_\`"KXU_%#X&^-_"G[--DG_``56\/?&[X/>#K?X+>,/&>DZ#_P3X_:B\!_!
M35OVA+;QU>_%2QNM4T3P3X9N_'%YXW^'?ARRM?$FJ^(O#NK6W@+1_B+H5WX5
M\27WU#KO_!;;X76GC/XE^%O!W[*/[77Q/TKP9\3-)^$/@SQWX/\`!O@/3O`O
MQ8\=W'[8'A+]A76-*\+>+O'_`,0_!/AC3%M/VCO&ND>$=";Q#K>G7'BG3['Q
M1XDM+2ST+POJU]$`>,K_`,$GOC;HGQ%^)?PWTRS^`WQ._8L\9_M^?LY?MT>&
M=&^.WC_Q+XF^*'@OQ3H&H:(W[66EIX#N_@!XP\"ZSIWQBDT23Q9X4TEOB-I6
MFP^*]?\`%>I7L'A&Z\4S-H?R9XI_X(C?M>P>"/!ND?#+P=^Q!X*\00_`KXK>
M!/%DWA7XT_%;X>W&B_$R[_:_\1_M`?`3QEX.\5:=^Q[XNB\16GPS\+VWPYL+
MR+Q]X"OM+O[32?$OP>U3P?XH\%:AI/C/3/JSX?\`_!8KQ!\&-5^/]O\`M<>#
M/B%K-G'_`,%!_$OP)^'USI'ACX8>"+/X'?#'_A1G[#OQ#@^'?Q$NY_'R6GC'
MXI>$];_:B\276G>%_!FI>/O'GQ%\-_#WXEZWX<@O]/\``KPM[7IO_!;SX0#Q
M%\0]"\9?LV?M'_#M?"D_[3'ACP/=>([CX#:E+\:/BO\`LH_M-_#W]E/XI?"/
MX?V?@_XU^)C9^*1\3?B_\+[;0=4\;W'A/PGJMGKFN:FNO1>'_#,FO:D`?$?Q
M/_X(L?M->+=4\72:5!^QCXX\*:C\;OAQ\79?!/C?6/CY\(O!WQ,^W_\`!/OX
M;?L/?&_P9XS\+?`?PGX2?P#X*\(^(_`.K_%7X)>'?`FLZMX9\5^&/&>O_"KQ
M%IW@CPYJ4>N1>HZ9_P`$=OB[X'T:Z\3^#?!W[&FL_$[PI^W[\4OC]X?\,>()
MO&.A?#'XX?L]?$;]E[6/V=++0_C!KME\'O$_CGP1\1/!&O>+M7^-/@_P=ID'
MQ>\$:)XM\,:180^,Y;[Q$GB_P+V/[*__``5C^(]C\0M/^`G[4O@W7-;^,?QE
M_P""@G[5O[/OPPAM[[X(^!-+^'GPX^#GC_X1^&-.\)ZU>6WCI=)^(OQ`\-:7
M\5K3Q6/#'P[O/'/CC7?AUH?B/Q??`RZ.UK<_T$T`?R*7/_!#G]OLK\%K&^\5
M_L.ZYHGP:_9%\`?LZZ:DFH?%S2-1UW6M"_X)>?%K]@_4U\62:/\`!6Y'C/0H
M/BG\0=/^)VB>,/&1UO5]$\%)#H/A7PK\.[CPWXF_X6[]F?"C_@D#\0OA7\1?
M"/CKP[\.?V//"]YX;\9?\$M=8M=9\'7_`(BTCQ!H6B_LH>$=9TS]J5-$>V^`
M]BDE[XZUJ\MT\!Z?%>Z'IWQ#M9YO$/CZX^'NO:;!;ZC_`$/T4`%%%%`!1110
M`4444`%%%%`!1110`4444`%%%%`!7X8?\%E/VQO'W[*7C7]AO1_$/QC^*/[*
M'[%?QK^(?Q9\(?M:_MA_!_P!X2\9>+O@[JVG^#M`?]GWP;<ZWXY\!_%7PY\-
MO#'Q;\9:MXCM?$/CW_A7&NZSI5OX1AATS5/"\%UJ.LP_N?7YS?M@:%^V4_Q;
M^$GC#X"?";X2_M(_`FP^%'[0OPZ_:2_9S^*7Q(?X8I\1=0\?^(_@+JWPAU[P
M@?$'P\\?>"M8U/P-I/A3XEZ9KB>);O2M`UK1?&.N:;,IU9=%&D`'SE\&/A1_
MP47^,_A3P\;3_@I%JEI\%1\9?BWXJ\*_M._"WP1^QWXX^*/[0O[-6K_#?X3K
M^S'+X;%U\"?B5\`].MAKMS\1]4^*GBNT\`^$]<\1^(=*@N_"?A_2O"/B?3X=
M$^3OV)M2_P""F/[0/_!/_P"#W[:&I_\`!2+XKZ[?^//@O^T7X@^*GA#5?@W^
MQ%H(\-Z_X)UCQTGPE\2?!.30/V/(XAJ":OX`T3PKX_\`#_Q3O_$^@ZSX3\8^
M,-?T"Z\-^)M*\+16GV5_P2V_8N^-W[!/[-/[4%B?`'PRT#QC\:?VG_CS^TK\
M'_V1?!OQ1U>/X&?L_P#ACQW_`&1%X'^`7A?XDO\`#ZZ_L;3E&@-J_B#5?#'P
MV@\&Z1K7B*ZMO#/@VUTZQ>6]H?LB?LO?MM?L\_\`!*75_P!DGQ'X"_9QU3]H
MWPCX1^*_@3X:2:#\?OB"?A;XCM_BAXJ\6:K#XK\0^-[S]G2Q\5^![SPMI7C[
M4D.D:3X#\7/X@N_#D<2:OX=@\1M)H0!XW_P34_X*K>+_`!Q_P3;^,_Q5_:[O
M)?&7[6'[$?B'Q1\*/C_IVC:-H_A>\^-7CV[DLM7_`&?-7^'WA_PWX=T?2[1/
MVD=$\9_#OP]X&AL/">DP7OC;4[ZTMM#M[=(8W^0OV6_VQ_C;XL_X)Q_`7]H+
M_@H)^V#^UGIWQ8^-G_!073O@ZVO?LQ_#+X<:+X'\%7WPI_:[\5_!/1/@Y?ZY
MX-^$?@WPQX;^$OQ3OX8M"\<>-/B5KFIZ]XFLHK.RT?59-1TJX\.S_77A?_@E
M5\4M*_:;_9P_;&UFW^'VG:U\-_V2/#6@_M!_LT^&OB'KUU\+OC[^UU^R1I$'
MA7]AKQ[XD\;1_!^RUCQ%H7A'0_&/Q)\0'Q?K'PXG\4_#+Q5X4^#\N@>#O'C:
M':/X=^<O#O\`P2U_X*5:5^P-\.OV3+O0_P!AX>-_A9_P4=\*_ML^'?%<'[3_
M`,?+GPSJ7A.S_:8\8?M0ZYX.O$D_8GL]7TCQ+8Z]J>D^`M)O+&VO=-UK2M2U
MCQA>2^'[S1[;PIXB`/U5\4_\%:?V7?"GQI@^$-SH/QUUG16_:?T+]BR]^._A
M;X1ZSXD^`^F?M5>(M.N+JQ^"<_BS2KNX\1ZCXGM=4B@\(:[J7A_P=K/A/PUX
MUO;?POXA\1:9J<.H167BWA+_`(+N?L<>+/#?CWQPOPZ_;!\._#[X?R>-?#U[
M\0O%/[+_`(^TKP7XD^+7@_XTZ9\!K3]GSP/KB+=0^+OCWXU\>:_X;7PA\-M(
M2;4VTG6S=^)Y?#-SX;\:V7ACS_X!_L4_\%*/V>?BM\8OA1\*_BY^SOX>_8?^
M.W[8/BC]L&3QWJB^-M<_:I^#6E?$SXAZ?\6OC5^SGX#\%ZEX.B^%NK:-XY\9
M2ZQH'@+XM^)_$$FO>"_!FL^)?$NM>`)O'4OA_2M,\7\,_P#!)C]K_P`:?\$^
MOB%^S[\2O%?[//PD_:3\*?M^^*/^"BG[)_Q)^%OQ"^+/Q1\">&_BS?\`QTU[
M]H3P?HOQ(A\3_!KX&>*])L-#UKQ)JOP_U/4O#VG:_?7&AW?_``E]EIVF:Y9P
M^'R`?H?9?\%</V3+'P/^TIXG^*"?%3X$>,_V2=6^&>A?'/X%_%KP']B^-GAO
M5?C;<Z'IGP3BT7POX,UCQMHGC:P^+FO^(M+\.>"/$'@OQ1KWAN[U>2==4UC2
MK"UN+^/\YOVU/^"EUG^T5^SI<>+OV5/BK\=_V=OC#^RY^WS^P7\+OVC_`(+Z
MA<?!W1/%^G^'/C[\:_AYX?M=&\;ZOX7N/BU8>(?!7C[P=XQU`Z;/\%_B[:MJ
M5UI.I:=XBO[C1-)\6>'-0ZOXX?\`!(W]IC]K^V_;#^/WQK\?_!'X)_MB_&C1
MOV1M)_9[TCX/Z_XZ^+WP0^#-Q^Q=\0X/C1X%UOQEXJ\=_#CX5^)/B+=_$WXG
MW6M1^*[!OA7I=EX&\%OIFFZ.?&6K0WNJ7;/BY_P3T_X*3?&_]E^[\.>*]1_8
M'\._&_QI^T7^QY\1M8^&OP;E^+'P:_9>^&WPH_9)^*=K\8;*P\+W]U\%_B!\
M5/B)\4?B=XHCN(/%&I^*M'\"Z+H6BP^$M(T>W`\'7TWC$`^R/B+_`,%F_P!C
M[X:?'74/@KK$?Q&U72O#?Q[\+?LN^/?C;X?LOAY>_";X=_'WQ?J&@Z/I7P\\
M4V-W\2=/^,TXM=<\2Z-H/B3QQX5^$'B;X9^$-<NSI'BKQKHVH07%O%D:5_P6
M7^!/BWQ/HGAWX>_`O]I[QII7Q5T3]I.\_97^*5KX/^'6D_!O]KCQ'^RSX9\6
M>*?B1X2^#WC?5OBG;WOA][O3O!7B&7P;XS^-GAOX3_#?QM;67]H>%/&&L6-S
M8SW?SEX"_P"";'[>'PE_:6^.=O\`"_XB_L9Z-^QK^U)^TCJW[6?Q$UGQ=X!\
M:^.OVR/@CX]^)VJ6OC+X^?#'X%^)YM#T'X>>(O"'CKQF-?B\(_$+Q^;/5OAY
MH_C'5[O3/AW>7=E:6$W9?L4?\$_/^"@O[-7@CP_^QOXN_:3^!5U^P?\``J^^
M)UK\"];\`^&_B$/VL/B+\-_$UOXT@^&?PA^.>H^)IF^%OA[PO\,I_&Z7E]K/
M@?3_`!#K7C>U\`^"-`N5T*PF\4W&N`'FGP5_X+QPVO[,_P"POXV_:%_8W_;!
M\1?'K]MKX4>*O'WPL\#_`+-/PF^'WQ5L/BY?^!/"$'CWQ=!\*=*T#XXZOKUO
M9VWAFXN=1T[2_'Z^%_%-EI.BW^L>+M*\/:?+87E_]?ZO_P`%B/V=M&UJ?4IO
MA7^T=<?L^:/\?="_9;\;?MAV_@WX?)^SA\._C]K7B'1_!%QX`\97%[\4[/XS
M6UEX;^(VOZ1\-/%7Q,T;X-:U\'M&\>7,V@R?$.5].U2>Q^&OV7/^"8G_``4(
M^#LW_!)W3/'WC+]C+Q!H7_!,W4/BWX1NY_!EY\=_#VM^/?A7\4_@W:?`H?9[
MG6/"%]:WOQ'T3PI-JGCL>)+>3P[X;NM;U/3OAFNB65MX1O?B)XI[J\_X)._M
M-6'A#XX_L8:%\6_@M??\$]_CK^U^O[7&J:GKNC^+KG]J3P3I6K_'?PI^T;\0
M/V<O#6C-9GX5^(?#/BCQ_P"&;K3_``[\6=<\3:5XG\(>'O$>I)?>$O%.J6]A
MJ=L`>QVG_!<KX!7.N>,=/E_9=_;FT[PW\+_VRM#_`&&OC%\2]5^#WP^T_P"&
MGPC^,?BCQ-\-?!OAF_\`&/B>X^,BB]\(ZSXG^*.@:9O\$6?C#QCHL<<>K>)_
M!FA:%XI^'>J>-:7PF_;P_9Z^%7BO_@H_\5=6UC]MC6->\,?MD_"?]GF^^`_Q
MC\1>%O&%Q>?M">,O!G@+PE\+_@U^Q)\.H/%8T;PWX>^,5SXB\,:WI^F>(O%V
MD6]]X@\0ZGXG\4W_`(.\-:7>?V+\Z>)O^"6G[=^K_`G]O#X1Z;XO_92L=0_:
M^_X*8_#[]O[P_J<_C'XQOI_@O3O"WQ!^!_Q'U+P'KD5K\+K:[UO4EU+]FCX<
M:/I&I6K6NFR6?C?QUJE[90ZCX9\*)?V_&?\`P21_:T^*'_#=FO>(OB7\`?AG
M\0/C?^VC^SU_P4`_94\6?#Z3X@^/5^$/[0G[-EIX!T3P3IWQ+TCQ=X?\%P^)
M?!&O:3X`M9/$NH^'+^TUC1[KQ#K=QHVA:S#8:7HUR`?6]]_P6)^'NE^#H&UG
M]E3]JWPU\=[W]KMOV(],_9E\8V'P'\&^.=6^.+?#K4_BS90Z7\6/$OQUTS]E
M_4_"&K^`M)N]3T+Q+IOQVO5\0:D]CH&A6.I:KJFEP7OVSX1\7V_[:/[*6E>,
M=&T_X]?L^Q?&'PH]]:Z3J4S_``C_`&A/AQ/::U+%+I=_/I>H:Q:^$O&=I=:1
M)973V>I>)/#N97V7/B;P_<;M1_,CXY_\$_OV^_VC?AGX?N/V@?B9^Q=^T1XV
M\3_&?3?$GQI_9C^)?PV^)5M^Q(/@SX=^&/C7P5X6\'_"BWGOO&?Q8\/_`!.T
M3QKXC7XNQ_%F]GAUF3Q?>65G'%;Z+\/]#M/$'WE^R/\`LU?%_P#9"_8*^%W[
M-=A\38/C5\9?A3\/]2T30_'GQ`U3Q<GAV]\17OB#6/$'AW0KW4]0U3Q+XW_X
M5O\`#Z+5M/\``^@&^OM<\0/\/_"VE07-E?WC/I<@!_/G^Q7_`,%$?VE?%/[!
M&M?L>?M\_$7QUX1_:P^('_!.6S_;@_8A_:S\)>+M5\!:[^U1\+M2^#.G?'2P
MT?1_&^CWF@&Y_:"_9\UNZT[P=\5O"L6HVNK_`!%^'^F3>*==TO4]$O/%7B;7
M_P"BGP5\$]:\8_L*>&_@WIOQN^..B>*_&OP1L%M?CU<?$OQ'K7QNT;QCXMTE
M/$Z^-%\?ZC=2ZS=7VF>(]2\ZUL&E32H=!@A\*6MG;>'XH;"+X(\1?\$D]1_:
M%_X)._"/]@#]J34?AM:?&7]F[X*^`/AI^SQ^T!\%KKQ1%J/PZ\;?!SX5>'_`
M?PU^+.BZYXBT/2O&'AK5M0U#0T_X6'H/AR:WM?$7AB6\T1-12WU-[>R_1#X9
M_#7]I[P9\8_`HU?XJ_#B]_98\(_LG>%/AG=?"K3O!=W'X^U']I30O$FF&\^+
M5OX[N9MUG\/[CP#;7/ABV\!21W5PFJ^1K\NH&222VB`/P;_9T_:C^+GQ2_X(
M\K^SCXK^)OQSB_X*,Q?M=C_@F=\2/%D7Q9\<7/Q=\/?M9Q?&B"X\2_%C1/&]
MO-#XAB\`^`_@C9:S^T5<:-=Z78^#M1^&?@;Q3X'U;0]=\,/JT6M?TZ^"O"MK
MX'\)>&_!]GJ_B?7[7PUHUAHT.N>-?$FK^,/%VL+86Z0'4_$GBC7KJ\U?7=9O
MF0W-_J-]<O+/<2.RB.+9$GYO>&?^"9?@?PQ_P55^(G_!2.PUA$M?B!\"_"7A
MJ\^%_P!HU1],3]HW0HM:^'][^T,NG,XT.V\4/^SS<:?\'-/OK6,7Z:/J_C@W
M(8^(IIG^Q?#GA?\`:,LOVE?B7XK\0_$SP'JG[+>M_#3P#8?#CX5VW@V_@^)/
MA;XM:;J>OKX^\3:EXZ;5!I]WX1US06\.0V&@#3+N5M3CFN;<^'3I^HS^-@#Z
M#HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"
MBBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`^'/^"A*0GX%_#F>6%)
MWM?VX_\`@F<]N)+@6Z1S7/\`P49_98T\S9=A'*\4%[,\-NX<S3"-(%%T8'3[
MCKX7_P""B,\MO\`OA_)$AD9OVZ/^"7L!55A8B*Z_X*7_`+)-M,^+AEC`CAFD
MD9E/G(JE[96N%B4_=%`'R[XK_8Z^!OC;X^ZS^TKXCT[QQ=?%#Q#\`-<_9DU>
M:Q^*_P`3M#\*W?PA\1:S/KVJZ)_PA6A>+--\,6^JRZE<S75IXFM=-@\0:7=,
M-0TK4++4TCOE^7[W_@D%^PN^F:'I<'A#XF:)J>C>&/V</`GA?QGH?[1O[0?A
MOXF>%M`_9.\&?$#P5\%K?X>_$/P_\4-(\7>"->T'P1\2OB9X8UCQ)X6U.P\0
M>)?"'CKQOHFMWMU8ZS*UM^?OQQ^!_P``_A[_`,%3?BXGP<_9Q^"GBGXS:5_P
M3A^+7[7OPS\%3^"$>Y\;?MOZ7^U7J'QP\)^,K_6K33+B:7XL^(?',-OK4-[I
MMY-\09/##ZDD-K)X-LK2TA_,OQQ^U-^U]XZ^&/[)W[27A[XH:U^V%^T]\)O$
M?[6_BW]GKX@:M^R?+\--=^'OC_Q1_P`$AOVG=2\0?"2.STWX9?"S0/B)K6C_
M`!?TCP9'K/@:/X9FWT_Q;XP\`_#/5?&?Q%U_1GF4`_KQUW]ECX*Z[-^S.S>'
MM8T2R_9`U^U\2_L_:)X2\9^,?"/AWP3JEC\,_$/P9L/M&@^'=<TW2_%%A9?"
MOQ=XL\"6NE>*[76M,A\/>)]=LUM,ZC/(WSEXE_X):_L&>.;N&]_X4]'HLVE_
M%[XA_%BX7X<?$7XC?#RWN?%?Q6C\*I\8_"7B&U^'_C#0+;6OAA\5)?!_AZ\^
M)?P6UV*]^&7BN_MGOM9\(S75W<2R_P`['CK_`(*-?MZZ5IWA"7X:?\%#M?\`
M'P\1_"+]N/Q[^SO>WO[%'@'2[[]KWXQ?`V^_8CU+X$?LTQ^&]>^"'@+Q-X@O
M/%/C'XY?$CX,>+_BO\,?#7PE\.ZK;6NL>$/#6FV7Q8^&NH^/=0VKO]H?]I']
MD3Q;^US>_`+XIZYX3T_XI_MF?\%)+/7_`($>#?@9X`\9Z'X#UCX8?";X(_%G
MXB?M&?#2TO?AA'XZ\6_$7X::=K/BS7O^$;U'Q;XI^&_Q(N=,TW1+/X3>(-2U
MK6O&NF@'[[^*O^"2?[$7CB?QZ?%W@7XB:]8_$J[_`&K;[Q-I%U^T+^T/:Z+;
M2_MJ>)-!\7_M#V7A+P_I/Q4T[PUX)T+QUXFT)?$5QH/A?1-,TW3_`!+J6M^)
M=(AT_7O$'B/4-9U;3_@E1^Q19^/O%WQ%B\`>/#K'B_XF>%_C))HQ^//QV3P/
MX9^*/AGXQ_#[]H2?QSX$\!P_$:+PEX)\1^-/C=\*_`/Q-^)>J>'=(L+KXC^*
MO#L%[XQEU>.[U&"\_`/X_?\`!0;]O;P5_P`+DUGX/?MF_$GQW\(OA;X5_;Q\
M4_L\_$^Z^`W[.,NI_MA-^SK\)/V,_BAX`TS44M/V9;;PPVCZ7\6OBM\?O@'J
MOCCX6VWA*P^+GAWX>:KI'@[0_"?Q/T.;Q[;?I-^Q!^U9^UE\5_\`@HO^T7\+
M_B]\;-9G\&>%/'G[5.E:5^RS/^S1?:=HW@#X0>%/B3X,TS]EOXRZ?^T-IWPV
M\*:?:1_$OX7F#Q,GA[Q7\4?BSJOCS5OB)XG.CZ'X+A^'=UI'A8`^I/C5_P`$
M=/V!OCQXN\1^./B1\,_B!>ZWXR^)GQ"^+GBJZ\.?M!?M'>$9]5^(OQ6\(_"C
MP#XJUJ(^#/BKHPT?3;O1O@I\*+@:#H\%AX?T_5OA[X/UFUL[#_A'H@W2>(?^
M"2G["/B;[<^I?"SQD;J]N?VDM5COU^/O[04M]I?B?]K7QSX7^)WQT\:Z)/>_
M%"[.C>,O$_Q)\%>$_'^D>(]/6#4/!7C'P]HWB'P7)H&I:787%M\G6OA#]L?X
M>?'#]MCX@_MX?&#]G+X@_L4)\)O@?_PM;1=#_8C^/^E>%_BGX(M/#7Q9L/%V
MC?#C2KW]M#XW6/@NX\/7NI:/_P`+CCU7P3\8M'^(/AF?2=,U+3O`U@EYJL'R
M/\%_#NA_##]A/P3;?$+3/AU?^$O"G_!;GX-?$+X!_%_P?\&M=^$/PR^(?A'X
MC?M:?#/XHW7Q9^`_P;\2?\)IJ'P/^''A?0OB)\7/@[H"^'_%-UHE]\-?AWXA
M\90^/O$WASQQJFH^)0#]6_#O_!)C]A[P/KOA3Q58^&?BP^H^'/CN?VBKF3Q=
M^U!^T?XSL/'/QPOOB!X"^(VC^,_B)8>./BMKUAXWUC2OBI\.?A[XT\,0ZS!/
M%I_BC0RME`;/Q5XQT[Q+^E7VF`6WVR1_(MQ!]I>2Z5[3R8!'YK/<)<K%);>7
M'EIEN%C>'#"5496`_*S]OVYBU#]JK_@FAX*^(5]>0?L]:[\4?VF?%/Q#TA9-
M8CTKQ=\1_AA^RO\`$+QK\'-$U&'0TDU#5]4\,I8_$+XP>"=*MT%]8>._A5X<
M\<^'9H/%_@CPW(/PL^!\O[)GC_Q)XI^.GP"^%][\)_V/=5_;:_8\\2_M*_LS
MO^SM\0/AG\*?`'[,/PC^&/[47PB^'?Q4^-FD^(O!OACX?>)OB-\4/VC==\`_
M&GXPVNF2^-+WPK\(/`OP?USXNWLNIZ+?26X!_9-'=6TL]Q;17$$ES:>5]JMX
MYHWGMO/0R0?:(E8R0^=&"\7F*OF("R949J>OYJ_V`+'XG?#GXI?\$G;1M#U/
M0/%GQB_9X_X*!V_Q.\.:OI>M:7XUM/V(?`_Q9\-^,_V*3\3]`UV:WUZPO?A'
MIGC[X3^`_"5_XJTG3]6\#-\4?%_@&UTK1)O$VO6`^5_VD/`AU#X^_P#!0SXK
M?L7^/?B5\9?%7Q@^#7QM\/\`[5OQ8N_V2D\._M2_L.>(O"7Q8^!_P5\;>&/V
M<?VE+CX+>"OC)=^'=8^`VF?%VX^%O[.5QK?Q$U&.V^#NA_%OX2ZU>6FK#4_%
M(!_79)JVE1.\<NIZ?')%J%OI,J27ELCQZK>06]U::8ZM(&34+JVO+2XM[-@+
MF>"ZMY8HVCGB9K-U=6UC;7%[>W$%I9VD$UU=W=U-';VUK;6\;2SW%Q/*R100
M01(\LTTKK''&K.[*JDC^$[]J2Q\4^)?@]\'H_"'@'3M5^$OP8^,'[:7PT_9Z
M\>^!/@;>_#?P9^W-^S]I<G[&OB"Y^#_PCT#X>_#?Q'?_``H_;M_:"\7?\+"^
M&'[-O[5/@YO`^H$?LN^/M7T*;5+[XB:EK^E?LW_P76\0_&+P_??LM^)/#]Q?
M)\+_``9X'_:V^*>G>`]3^#EW\<O`'Q>_;5^'OP\\#:K^QK\!_BI\/=-LM;L_
M&>F_$^:]^-&D>#_#K'3[J'XBZ=X<\6^"M<MOB3X8\`ZGI8!_0M-=6UO):Q3W
M$$$M].UK91331QR7=REM<7KV]JCLK7$ZV=I=W;0Q!Y%MK6XG*B*"5U)KJVMY
M+6*>X@@EOIVM;**::..2[N4MKB]>WM4=E:XG6SM+N[:&(/(MM:W$Y4102NO\
MO_[+_BW]H30_^"K>IW'Q,T.S\0_'#XO_`+5_QX\(_$WX4>+_`(66VNWO[,_[
M#W@G]E:R\0_L_?%/X'_&ZUM;@^$/A_JWC>T\*_#_`,266EZQ=>#?B7\0/BAX
MTTN;2;+QGI-Q?Z;\Y_M->)/VVO`_[5/[>?CSX-:5XA^*?[<WC+QA^U=\+_@O
M\+-6^!]]XC\8?![]C7PO^P5XX\8_LZ_M'?LG_%"6U_M'P+I-W\<_#7A[X7Z]
MH'AB\'A?XO\`Q_\`B;XLT#7M&UOQPGA26Q`/["8+^QN;B]L[:\M+B[TZ2&+4
M+6"XAEN+"6X@2ZMX[V"-VEM9)[66.YA2=8VE@D29`T;JQM5^*7_!&2\.D>&/
MVD?A5\/K^S^(_P"S#\,/'7PLMO@3^T5<_!^+X1>./C/K'BSX,^%/$WQEB^)L
ML6GZ*_Q5^(/@7QM=PZ;XM^+>HZ0/$NM^(]6UCPMXWUO7_'?@SQ/=Q?M;0`44
M44`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!111
M0`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`
M!5'4=4TS2+>.[U;4;'2[66^TO2XKG4;NWLK>74];U.TT71=.CFN9(HWOM7UB
M_L-)TNT5C<7^IWMI86D<MU<PQ/>HH`****`"BBB@`HHHH`****`"BBB@`HHH
MH`****`"BBB@`HHHH`****`/A/\`X**QQR_L_P#P^61$D4?MV?\`!+B0*ZJZ
MB2+_`(*:?LC2Q.`P(#Q2HDD;?>21%=2&4$?=,KM'%)(D4D[I&[K#$8A+,RJ6
M6*,S20PB20@(AEEBB#$&21$RP^$_^"C-BFH_L_?#VW>[BLEC_;O_`."6E\)I
MHYY4=]+_`."G'[(>I1V@6WCED$M_):+8P2,H@BGN8Y;J2&V269/N^@#\]?!7
M_!0KP?XY^)GCKX:67P%_:'GLOA;^TE??LO?$GXIQ>%_AM<_#'P1\3K'X?:5\
M8+:[UI+;XL7OQ+@\#)\.?$7A'Q/>>/W^&\6C^'8/$.GCQM%X+U*UUW2=`^N[
M'XW?!?4]!\#>*=-^+WPOU#PQ\3]>C\*_#7Q'8^/_``I=Z#\0_$\TVH6T/ASP
M-J]OJTFG^+=>EN-)U6WCT?0+C4-0>;3=0B6W,EG<K'^-VM?\$G_&/BOPS_P5
M-U/7_#/[+DGQQ_:I^,O[1/Q/_9#^*VLZ=K?Q#;X>:?\`&W]DWPK^R^GA[XVZ
M%XJ^'<&EZSH`M?#>I>)=8\!3VGQ8^':7_B^YO(_#VJ:AX:TF:\^=/@/_`,$@
M?VV_A'XE\!>)-<\<?L9?$1)?B3^T6WQ!\/?%72OB[\9M*\%^`?C]\9_@K^T9
MI7Q-^%-QXUTBUNM>^/WPA^(/P_UWP7I-GXK3P_X"\?\`A+2?A[XJUZ?0=3M+
MWPA8`'[.?$#6_P!F.^^-_P`*_C7;66@?%#XV_#7QAK_[,6G^)O!'Q1\*+J7P
M9M_BP1J7Q%T;QUH%]\2O#FG/8/-\,=.N_$?AA=!\6>/HM1\,:7J.F^%3!X=U
M'5=#][TOXZ?!+7)+&'1?C'\*]8FU2]\.:;IL6E_$+PEJ$FHZCXQM9;_PCI]B
MEIJ\S7=[XIL8)[SPY:VXDGURUAEN-,CNH8W<?@+\"/\`@D-^TY\-[S3;SQ8?
MV7I_#GA;]K;X"?&[PI\+=(\9?$+QWIEIX1\!>&?VCK+XR_8_BG\1_@NOQ1TC
M2?C!XC^.6EW.D_L]^(]2^)WP_P#A%8:7X\N?!?C^\L/'[^!=,J?`C_@B7\2O
M@]X7^!>COI7[*H\2?"+]FS_@GM\(;[Q=X9T_5M*O_$'CK]CO]N73/VD?B3X[
MBUB/X76/B;1-0^,/PTN-<\/#5[:]OO$#^+XXC=ZKH5M=-KX`/U9\#?\`!1'X
M5^*?BUX;^$WBKP;XP^$,NO?LV?&+]IZZ\>_$CQ1\%E^&NB^!_@A\;O"_P+\:
MV5]XP\%?%;QGIR:A:Z[XKTCQ-)>S-:Z%I_A/4M*;5M4L?$TVK>&M#^L_%7Q<
M^&G@;X/^*_COJGB?2YOA'X.^'WB3XLZWXR\-%O$^DR>!/#N@W_C#7/$ND?\`
M"-)J<OB"W.BV5YJ=N-$BU"XU7@6,=U//&LG\\>H?\$:_VJKCX:?!SPQ8^*/V
M8++5?A1^SO\`%+P#+X;?7/BG'X#\5_$#5_\`@H]\$_VW/!/AC6;KPS\/?".N
M0?!SQ'X(^"5A\+/'EUH%IH'B_P`)WOBB35?!VGZS;>$].36/TLT'_@FYX!UW
M_@G8/V'/B7X7^#VBQW/@[XNV.DVOPY\*>)M7^%/PE\7_`!6OOBI?6>J_#[PW
MX^\47OB36AX#C^*VK:;'KVLZ]HOB#QH]O=:U-_PB-QJEKIV@@'T!\;OVP?!W
MP5\2?`_2M1^$WQU\?^'?C)XP^%WA9/BGX!^']C=_"[X4W'QL^(OA+X._"_5_
MB5XM\7^(O!XMX_%GCWQ]H.@+H'P_LO'OC[0[&^F\1^*?"&A^$?\`B>2=-\)O
MVG_`GQB^.W[2WP$T+PMX]T/QQ^RIJ7PWT?QUJGBW0]'TSP_KZ?%OPS>^,/#=
M]X!O;/Q!JFKZKH[Z9I!.HW6L:-X=#7/V0V$6I6^;J+XN^+G[!'BK4[+X.?`;
MX+_#7]E?PG^SMX=^(_PC^//COXEZCI_BCPU\>O!OQZ^&'Q`\*^)KGXG?`SPW
MX1\/77@RQ\8>*?#G@RV\.RZ]<>)_`TWAD:W?JJ>,=`N-0\+R_0WP+_9S^)7P
MT_;0_;E_:#\17_@:Z^'G[3L'[-W_``@NG:+JVOW/C/0[GX)_#C5/`^N_\)9I
M]]X9T[0X(-=N-22]TG^Q]>U62UALV6\WO>!;(`^?OVG_`/@H-^SAX?TOXJW/
MB;]F7]HW]I_P3^S+\2;:3Q%XE^#?PAT7XD^&_#GQ#^!T2?$SXI^-=`N]8\9>
M&8+"^_9,NM-\%7/BWQ<LFGZU%X]\2Q>`/@U_PG_Q#\*_$WPSX1[:3_@J5\#=
M6\=/X*^&GP^^-/Q=T^Y30_"WA[XG>"-$\!6WPH\3_M`^,_@#'^T[\.?V6M,\
M3^,?B-X5U.W^,GC_`.#%_P"'O%&D:KJGAVP^"NB7WBSPOX0\;?%WPMXWUFU\
M--\%:E^RO^W'J_P(^-?["?P7T/X-:'X:T?\`;*^.7Q@^*.O?M*:-\3KWX;?M
M2?LR_M9_&#XC_M,Z;\+XO%OP\U35KS7[N/Q5\0/$/PD_:7\+:KKEAXGO/AUX
M/LM"OK:^\(?&+0_$VO\`J4O[!OQS^%_Q)3XM>,/$OP^\3_!/1?VC_"W_``4R
M^/&B?!WP9\2-3^,'BG]I+X3_`+$6D_LZZ_\`"/X!?!FPTCQ7/>?#;QMXO\#^
M&?B[X1M_^$_UKXBV5W8-\&-+\)>)8O$L'BK2P#[*UW]IS]C3P1^SIXU_X*AI
MI-E>^%->^%>@VGB;QXGA[3=.^*NL>']$\4W/A71/@G>0>-=0\/OX?\1Z7\4=
M:U#P3>?#C7]8\.6&D?$V[U2P\0"RU=+^Y3H-._;R\$:K=_`7PG9_![X[2?&3
M]H.T\1>*?#GP'71?AM+\1O!?P@\*>-;?P7K'QZ^*FLV_Q1F^$?@3X2S2ZEX>
MUGPKJ.H?%";Q7\1+/Q+I/A_X<>$/%WQ!BUGP7I/S7^S9^S;^T)X-_8%U#PA#
M\+O@S=?%[XW_`+1OQ\_:8\2?`+]I8ZCJ'P8\`^%/VEOVI_B'\?KGX0Z[IW@J
MT\2KINJ^!?`'C:QTJ.QL=,\>>'=/^,5G=:@B7^B"+4['Y4;_`((H^,M#U+X.
M7?ACQA\%[R]L?A[\,_AU\0/%&H>'_$NB:E\!+/X:_MT>)OVZM'U']BS1Q:^+
M+CP5H&BZK\3OB)\`_`7P_P!;\8:(?`OPL\-_!34(/'.L-X#U+PAX@`/T@_9;
M_P""C_P<_:S^+?B?X0^!/`GQ<\+:KHWA7QUX\\-^)/'=C\-8O#OQ"\$?#KXV
M>(_V??$_B/0[/P5\3_&_C;P7Y'Q,\+:QI5AX;^-G@[X4>-=4MK+4+JP\,3G1
M/$46CQ>)/^"D?P<TBR^/_B+PYX`^,'Q&^'W[.GB_2_A5XQ^*'A#3_AI8>`=?
M^.FJ_$CP9\*(_@EX*U/X@?%'P-J.K>)M,\:>-['2_%'C_4])T3X!^#9M%\66
MWB[XQ:'J/AG5;&#YM_8&_P""<'Q9_90_:J^,/QX\3^,?!C:/\2_#7QFT/X@7
M?@_Q)XUO_$_[4_CKQS^T_P")OC7\-OC[\=_"6LZ/IO@SP1\1?A%\.O$>M_"+
MP[9^#-5\8IJ>C^+?$-S+K.@:%!X9\"^&/D/2_P#@A]\1M-L/$GA73]:^`>D>
M`_#7PY_:4^&_A"QTVV\8Z#XA_:G\`?M(?M4_#?X^WWPL_;:U#P]HT&J-X;\*
M_#'P%KOP#GUSP/XP\;:GK+?%3QK\4-!M/!>JB]\.^*@#]9M`_P""A?P@UW]D
M+QG^V*_@OXJZ+X3^'_C/Q]\,/%GPVU?3O`/_``LK3OBI\-_C/J7[/WB3P!;:
MII7Q$U7X*ZU.GQ7TR;PY:^.]"^,6I_"%X&.O7'Q&M?#]GJ>IV'SEXB_X+2?L
MW>%_#7@76]6^%'[0\>L^)]7_`&A]+\9>!HM,^",GB;X00?LI_&7P;\`/CSJ7
MBR_/QU3P-\1/^$(^*_C[POX8@\-_LV>,OCOXZ\7_`&VYU3P/X3\2:1IFIWUH
MO@S_`()X_$[0_P#@E[\2OV&5\9>%_#VK>.;OXI/X6\&0>(O&/B7X6?#3X2^/
MOB[J7CW3?V2K3Q[>Z;IWQ)U[X26/PUOKCX$ZKXYN-(@\61^%M9U?5-!T2TCL
MM$T*V^%?'?\`P1/_`&@_%/PG^`_@/0/B-\*_`MA\'O%'[37B+X/?#G3?&_Q2
MUOP?^PKXE^-WQM^%?Q*^"/Q0_9=\:?\`")>%/%?Q-\7?L?Z)X#\4^'/!OACX
MEZ/X"\#>._"_Q-\3?#[3=)^%7@R&YT[Q$`?TT4444`%%%%`!1110`4444`%%
M%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`444
M4`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110
M`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`'P_\`\%!]O_"AO`.X
M@#_AN#_@F1C<P0;O^'DO[)^P9-S:9);`5?-<NQ""VO2PLY_N"O`_VDOA%J_Q
MM^'GAWP;HFM66@WNB_'S]E/XNS7U_'-+!/I'[/W[47P>^//B#18U@AG<7OB3
M0?AMJ7AW39&188=1U2UEN)K>!)+B+WR@#\3/B)_P6T^%OPK^*NK_``4\;?`C
MXEZ3\3;7XB?M,_"/P[X.E\5_#.+Q!XW^)GP'^#G@GXX?#[PEX:TF[\3VM_)=
M?M-^#OB-X+A^#MW?P65DFN:U_8?BZ;0-4T[5K2QS[+_@MEX3G^*US\!]4_9G
M^)?ASXSP7OQ'\'P^`-0\=_"F_P!4O/C%\//VA/AS\!+7X0H^E^*9X+'6/B0O
MQ5\&_$SX<^*=4DLO"FN?#2YUOQ*E\P\+ZS91_ICXE_8__9E\8?%35?C=XG^#
M7@[6OBMK>K?`[7]3\;7UM=R:M<Z]^S9K7C#Q!\#]<`%VMG!K'P^U7QYXIFTO
M5+:UAOKRWO[?3M9GU+3M(T6TTZM??L9_LMZG\5[SXZ:E\$_!6H?&#4/BGX,^
M-=Y\1+VTNKKQ1/\`%#X=?#+6_@WX$\6-J,]W)(MSX2^&7B/7/"6@V"!='TZP
MU.ZGM].34'%XH!^>?PH_X+6?"3XI_$[1/@M!\&?'_ASXL:]H4-Q9^`-8\7?#
M4^)H_&NF?MF2?L6_$/X;W6E0>)3?6_B3X;^+K74_B5KDTEN-.U+X1Z5>^.-`
MN-2T6-;QO4?C/_P5$MOA!^U#X_\`V:X_V5OC?XTM?AGXF_8W\(>+OC!H?B+X
M-6?@/3]8_;P\6>*/A?\`L[7?]E:I\1K?QZWA[7_C3X<3X3:]JK>$TNO#&N7W
M_"0ZII4?@E=/\2:M]=Z5^QE^RYH?Q3/QLTGX*^#;'XJ_\+C\5_M!)XUA@OO[
M6@^,GCGX/Z9\!/&'CRU#WK6EIJWB/X3:19>$]5@MK:'3;I?MFMO8_P#"1ZEJ
M6L7?QK\./^"47PF\$_MA>*OV@-3N)=>^$^E?#/\`9`\(_`?X,_\`";_&^&Q^
M'OBK]DB\^,.H>$_%WQ%M+KXJWW@SX^W^G:K\5(_$GP_U#XN^%?%6K?#7Q7X:
MTKQ5X2N=-\5PR^(;H`\$\+_\%^?V9M7L/%MWXE^'?COP1=^"?@GX+^.7B#0M
M4\2?#O4O$%GH*?$KQQ\/?VC?"S:9H_B6[8>/?V1K;X6_$SQG\:O"S2K?0>&/
M"1N]#_M!M<T,7OVKX?\`V\M2L/V6OCE^U!\</V9OBY\"M*^"&@V_B^7PCKVK
M^`O$UU\2?"FK?#CPA\3-!U+X9^*]!\1'PAK4]S:^,[/P)K;ZGJNB^'/#GQ0T
M3Q5X<N_%%QH&A3>+Y?3C^P/^QU_PDNI^,O\`AGSX=2>*M7\7?'WQ]?ZW>:.-
M5GN?&?[4GAS0O"7[0/B">TUB74-+N;OXJ^'/#.@:/XLM[JPGTZ^L-+M[;[$D
M33I+YUX5_P""6W["O@SX71?!K0_@B\WP[C@\4V4^B>*OB7\7?B%-K&C^+OA3
MXH^"%]X7\5ZO\1/'OBO6/&_@?2/A=XQ\0>%?!7P^\:7_`(@\"?#VWN;6^\"^
M'/#VJZ5I-]8@'SY\5/\`@K6/@;_PDVE_%S]D3XX>#/%_PS^''[0/[0?Q?\.7
M?B#X;R6_A;]EO]F[Q-\,/#GCCXX>$-??Q';:9\2XM;/Q6TBZ\!>#-%^PZUXJ
ME\+^/-.@N+:\T32U\0>2>//^"XEMX*7Q]J<7[#7[0^L^$_"'B/\`:]\*:/XL
M3XB_LTZ;I_BS5_V'+?6?$_[05U!:7OQA_M'1M"T'X>^'M;U;1M0U*V^WZ[XT
MTN\\$6^CQ62P>+[C[.E_X)1?L$W'@_PMX&N/@CJ5SHWA6X\4O]ON?C-\>KCQ
MGXUTSQUI?@[0O''@_P",7Q&F^)[_`!"^.WPX\:Z%\.OAWHGC#X7_`!J\4>/O
MAUXHT;X?>!-*UWPO?V'@WPW;Z9OZU_P3,_8N\26>JV7B#X6:_J\.N^(?VI/%
M>M"X^,OQP@&I>(OVT_"]QX-_::U*6*P^(]G;VX^)F@7E];C3K&&TTCP1=ZAJ
M&J_#C3_!^J7US>2@'P'\3?\`@K1XL^$OQ5\>>/\`2?@A\5?CE\%_'D&H_#WX
M(^%/"NL?"_P99:%J/[+O[+.M_M@?M)_$?Q/JGC;Q!IFI1ZKJ^F_$&]^#EYI%
MA)K-AI_BS]FN[T:QM+;6M9\WQ']?_L2_M$>//CG^TG^W-8ZGX^U7Q9\'_#T_
M[)/CCX!^'=:\,^%]`O\`P-X+^.7[-WA[XF:CIOVG0=+MM4U2#4-4U`7+?\)3
MK&M:M8:C#J,$!M=.>UDO?6=4_P""=G['>L^`?A7\,=0^$ES)X)^"MC\;[#X;
MZ5!\2OBW8W.BK^TCX0\<^!/C??ZAKMCX\MO$'BK7OB%X:^)?CVVU;Q+XOU77
MO$-MJ/BG5?$.DZIIWB*9=53TWX'?LG_`/]G#6?%WB#X->"+OPEJWCKPC\&/`
MGBFZN?&OC_Q6NI>%OV?/`:?#+X1Z;':^,_%/B&TTV3PMX)C31[C4M*@L=5\3
MRC^U_%]]KVMDZD0#Z*HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`
M"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`*
M***`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HH
MHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBH
M&:Y%S"B0P-9M!<-/.UQ(MS'<K):BTAAM!:O%/!/$]Z]Q</>V\EK);VL45K=K
M=RRV(!/1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`
M4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1
M110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%
M%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444
M`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`
M4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1
M110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%
M%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444
C`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110!_]D_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>finalx20x2.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 finalx20x2.jpg
M_]C_X``02D9)1@`!`0```0`!``#_VP!#``$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0'_
MVP!#`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0'_P``1"`!``9,#`2(``A$!`Q$!_\0`
M'P```04!`0$!`0$```````````$"`P0%!@<("0H+_\0`M1```@$#`P($`P4%
M!`0```%]`0(#``01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T?`D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$!
M`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W``$"
M`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P#^_BBBF2RQ
M0123321PPPQO+++*ZQQ111J7DDDD<A$C1`6=V(55!9B`":`'U!=75M8VUQ>W
MMQ!:6=I!-=7=W=31V]M:VUO&TL]Q<3RLD4$$$2/+--*ZQQQJSNRJI(_%KXC?
M\%;M5^,/Q5\6_LS?\$J_@/=_MU_&?P;<S>'_`(F?&ZZUZY^'7[#/[.WB*2]@
MTY4^*/[0$VEWZ?$;5]'6:XUJ[^'7P(T_QMXDURUT76M"T_5=.U[2];BT2;4_
M^"2'B7]JB?2];_X*F?M>_%K]LC389X=5F_97^'2M^S!^PWINHQ7D6LZ99WGP
MD^&NHCXD_%Z/PCJR`:'K7QO^+_C635+:(IK.AC3[IM%MP#M?B1_P6V_80\,_
M$+4_@Q\%?$GQ-_;?^.>D"Y34?A!^PK\+/$O[2FOZ==VT/B!VTS6_&?A1+?X.
M>%]5,_AC6;2?3O%GQ-T&ZTQK2:^UF/3='M[O4[?)TS]H[_@L9\;+Z*?X5?\`
M!/C]G[]ECP1<VWGV/B?]M?\`:>D\3^/+R*?2C=6E\_P<_9B\*^.8M&66]O+&
M+^Q/$GQ4T7Q#`NGZO;:W8>'[V2T1/U,^&OPN^&WP:\&:+\.OA)X!\'?#/P%X
M<M8K/0O!O@3PYI/A7PUI-M%%'"D=CHVB6EE80$QQ1B21(!)*5#RN[Y8]W0!^
M7'_"LO\`@LE=V^O:HW[7G_!/#P]JDZZQ?:%X4M/V&/VAO$^AK=FQTZWT+1M0
M\7:C^WIHFI6FGB33G?4-9T_PC++#=:KJVHIX>U%)-/TO3?+/V6_^"@O[3VE_
MMOZC_P`$XO\`@HA\&?AC\//CGXE^%^K_`!D_9M^/'[/.H^,;_P#9Z_:9\$>$
MKV*S\=Z;H^@^/6O_`!G\-/B+X1M[BWUK5O!>L^(?%D-OI\6KB3Q`+2'PAJ_C
M[]._CY\?/@]^R_\`"'QS\>/CWX^\/_#+X3_#C1I-<\7>,?$MXMII^GVHDCMK
M2T@0!KG4M9U?4)[72-`T/38;K5]>UJ]L='TBRO-1O;:VE_&']@KX9?'7]N[]
MMB[_`."P?[2GP]\3_`KX8>&/A5XD^!7_``3B_9R\:6Z:9\1],^#OC/7IM3\:
M?M+_`!J\/M#/+X3^(?QATNWTG3_#'A*VU::+1_!4US'?QZO;1>%?%6L@'[^T
M444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%>*WO[
M1?P2TWX^Z3^RYJ7Q$T/3OC[K_P`.#\6M!^&U^+^SUC7O`"ZSK6@R:WHEY<V<
M6BZO/!J'AS7C<Z%IVIW/B*UT[2-0UJXTF+1;:74%`/:J***`"BBB@`HHKG]0
M\6>%=)U_P]X4U7Q+X?TSQ1XNCUF7PGX;U#6=.LM?\3Q>';:WO/$$GA[1[FYC
MU'6H]"L[NUN]9?3;:Y73+:YMY[TP131NP!T%%%%`!17#^/\`XG?#CX4Z-:^(
MOB?X]\&_#O0+W7/#GABSUKQOXET?POI5UXB\7^(=)\)>%=#M[_6KRRM9M5\1
M>*-=T7P]HUA'*USJ.L:KI^GVL<EU=P1OW%`!1110`4444`%%%%`!1110`444
M4`%%%%`!7Y,_\%B/V,_VM?V[/V9]*^`W[+OQ]T;X*Z3K7C;2[KX^^&]4U/Q+
MX.E^._P=A*#Q#\&_^%H>#M)\0^*/`.C^*K=KFUUZ32=#N5\26LD.@ZY<?\(K
M<:_H^M_K-10!Y1\#O@A\)_V;_A/X&^"/P.^'OACX6?"WX=Z#9>'_``EX&\(6
MGV71M&L;6,;\32+]NU;4KVY::_UGQ#K$MWK_`(CU:YO-<UZ^OM7O[V[F]7HH
MH`_&G_@NK^T#^T]^R%^P]!^U[^S#X]M?"%]^S-\<OA!\3?C/X<U'1_#^LZ7\
M6O@-/KL_@CQK\+;V'6M*O[RU/B+5O%_A>YM[[P]?^'M:MIM-#P:]IL7FW4/G
M^F?\%@OBG^UKK5UX;_X)6?L.?%C]J;PLFJW.BO\`M?\`QNN+C]F/]C"U%NBB
MX\0^$_&/B[2+[XC_`!HL=.NA-8W.B>`/`UMJ%S<I!-#?P:+?6FN2?<G_``4]
M^`7@3]I3]@/]K'X8^/O"N@^++:3X&?$OQ7X2M_$<.IRV&A_$OP5X-UOQ-\-O
M%Z?V,&U:.]\)^,]-T?7;1]/BN+DRV7E):7BR-:S;/_!-GQ8WC;_@GY^Q=KTT
M6HPWO_#,WP:T35UU6""WOFU[PIX%T7PKX@FDAMKR_B2*XUO1;^>U_P!*DD:T
MD@>=(9VD@C`/D;PE_P`$L-?^-/Q!\/\`Q_\`^"HGQPF_;?\`B'X6O]+\7_#W
M]FW1?#+_``\_82^!WBVSTE(O/\!?`75=?\0R_%7Q5I5W-J-IIGQ2^/'B+Q'J
MM[#.NHV?ACP4\QT^S^Q/V-/VX_A3^VS8?'S_`(5[H7CKP7XJ_9H_:-^*'[,?
MQ?\``/Q)TBPT;Q7X:\?_``SU5;9[P1:3JVN:5J'ASQ3HMUIGB'P[J^G:I=6]
MQ:WD]C*T=_IM[#'^3/\`P3?_`&NOC%\;[']LW_@LS^UK^T7XL^&?_!/]+GXK
M_#W]D_X#C2[>/X1^'/V7O@[XV@AD_:G\4Z7H?A[4/''B+XH>+];\-^)M+M+T
M//?PZ3<^)]/AM=<\,W'P[M?"OV7^V_\`M0_LN_\`!+?]E_X]_P#!0'X>_"+P
MOXL^('[1_B/X87^G:;\/X(M,\0?M3_&+Q/X=TKP?\)H+S7[6TO!-:6?@G3Y_
M$EY?"$0VWA;1?%6MVEM=^(=4NCJH!^M-%?C7^T/_`,%@/AQ^P'\)OV>+7]NG
MP9XG/[6'Q.^#V@_$CXD_`K]F71;#QS;^`IV@L=+\6:C_`&]X\\9>#O#EKX-T
MWQ_=CP)H]]J'C*YU+6M:.=,M]2TRUU#5;3]9/A[XY\._%#P#X'^)?A"YEO/"
M?Q$\'^&O'/AB\G@:VGN_#OBW1;+7]%N9K9R7MY9]-U"VED@<EHG<QL25-`'8
M45\@?L-?ME^`OV\OV?='_:'^''A?QAX.\-ZOXJ\<^$TT#QS%HD>OP7/@GQ-J
M'A]M08^']8US37T_7;:TM-=TO%\M[#8:E!:ZK9Z?JEO>64&-\6?V]?@E\$/V
MQ/V>_P!B[XE6GC7PYX[_`&F_AK\8?B/\+?B%=Z)9CX/WA^!VGVOB#QWX.UKQ
M>-6^U^'_`!/8>$9+SQ8;C5]%M/"D>FVUGI]QXFB\1:_X>T74P#N_VNOVN_@O
M^Q%\(%^.7Q[U36=&^'H\??#7X=7&I:'H\NN75GK?Q2\:Z-X%T"\N[2*:!HM&
ML-2UJ'4-=O0[R66D6E[/;6U]=I;V-S].U^#?_!4#XH?LM_\`!2W_`((Q?MY7
M_P"SM\?O`/Q>\`^#?`LOC'7?$7PQ\96=[/I7C#]F[Q?X-_:#B\$:BUI<0:KX
M?\3ZX_@'2K/3-,O8M.U74(->TJZTK=%J6GW<E[_@GEX#_P""C?QXT3]G#]N3
MXB?\%7(_BA\'OC9X5\/?&+7/V6-"_8M^`W@3X=:'X4\?^&5UB7X*Z;XUTC7_
M`!%\4X-<^&OB'59=#_X6)?>/M3UF2Z\)-IVO:+K"ZC?&W`/W6K\^/^"GGCK]
MJWX.?LD^-OVA?V0-?\*0_$+]FE[K]H'QI\-?&GAFW\0:#^T!\&_AGX6\4:Q\
M3/@@=1$4NN>"];\3:,4U[PIXN\*F/7K;Q7X5T316:71-<UFVN.:\'_\`!4KX
M`>.O^"B?C3_@F_X<\/\`Q#O_`(F^"/!4WB+4OB1#I.EO\+9/%6EVD^K>)OAR
ME^NL?\)%%X@\.Z$+._N]4E\/CPU)?RW6@G5X=6@LH-4^+/V3/VR/VK_^"J7Q
M<_;EO/!?@GX4>#/^"67@#1OCE^R1\,?$VLVVL:O\:?VG?C':VUOHVK?%CPU<
M+=2:3H'P?LM(N)#HUKJ7A1GU>P\86$`_X237K37[+P"`?MC\$_BOX9^//P:^
M$GQR\%+?+X-^,_PQ\!?%?PDNJ6YM-37PS\1?"NE>+]!74;0LQMKX:5K%H+NW
M+,8;@21[CMS7IU?R0_\`!&C_`(+1?!GPI^S?^Q#^QSXM^$OQ#TJY\/\`[-WQ
M1_M?XE^'X]$U3P!HVL?`GX:^-/CU)\/?"VGVVH/K_CN5/@'X:&KVNL^&[:\?
M4-8%G:Z?I6H:1>R^([3[<^'W_!Q5^R/\2O@#XC^,6B_"#]H_1?'/ACQ+^SAH
MTW[/7BWPAX8TWXJ^)]"_::UA9?`GCCX>S:1XN\0>#?&?A:3X<6FO?%6*[L_$
MEK)>^%M*M5>.QGUW27G`/Z`J*^&?`/[?/PC^(G[?'QS_`."?&A:?K,WQ3^`_
MP8\#?&3Q+XEAN]$N_"LUKXNU"QM=1\(O%!J/]NZ;XG\-V/B?X?ZU<1W.F/87
MVG>,82EY:W%@T%W^$_P._P""IUO^RW^V?_P58\8_\%'OVS/%7@A?`?QHN?AG
M^SY^QGXBT[1+WP=J_@H0:W<_!3QW\&](\%Z;XZ\;Z3K?B_P9\/+M/&UD-5;2
M+34O%P\8^/[*!M:\(ZS?`']7U%?S^_\`!![]L7_@H3^W5X0^/W[17[5MMX//
M[.OC7Q9;3_LO7^C>$=+\'W%M=6/BKXA:1\0O"/A!=.+:IXJ^%G@[3--\`Z9I
M_BSQQ<:QXO?X@O\`$'PY>^)]8G\.ZAI?AK]LOC?IGBG6O@M\7M'\#02W7C;5
MOA?X_P!,\'VT&H'29KCQ3?\`A35K7P_!#JH(.F2RZM+:1QZ@"#9.PN0?W5`'
M\W?P6\6_%K_@NG_P4$\1?&?1/B9\0/A9_P`$I/\`@FY\<XO"OPGT3X<>+M<\
M':E^VY^U;\/[VPUK5_''BZ]TC^S=1E^#_@-7TO\`L_1;R0)J.DZSI,6F2+J'
MB[Q_;>%?ZE*_E-_X)+?\%>/^"1?['_[`?[*7[-WBGXZ:=^SSX^T/4=7\`?$;
MX4^.?AE\4/#^M?"_XW^*_B+XXU#QQX>^)U]!X/U/1?"":/XRDOK#4]?\6>(H
M;+P[I6H>$+GQ;JFD6VN:5)/0^%G_``<T3R?#7]L7QE\;?V9_`*ZS^S]XP^'_
M`(*^#J?`;]H5/B%\-OCQX\^+D_BJ[^'WPKL_BIK?PZT#1O#.MWG@KP/XI^)"
M^-=>T[2[+6/".D:L4\%:)JUCI.G^*`#^L&BOYH]#_P"#@?Q!\4?V7?'GC#X:
M?LDR6O[4.@_'7P[^RW:^";+XY?#CXN_L\:3\4?C%\//BKX@^`_Q`L?VB/!\N
M@>'OB7\+=7\8>!?#OAGQ?8Z)IWACQ?9#Q7!J&B66JZ"-.\0:I\0?L2_M\?M5
M^&?VU+WX=?#C]M#XJ?\`!7'4O`W['?QG^-W[?O@GX6^`?#WBCX$^!OC[X=\'
M>/O%'A#X;_LK>.-$32+-O&6M_%OPUX?^#WA'P_X3O='^%7BKPGXMT^YT+P1=
M>)AX@U;X6@']G=03W5M:^3]IN(+?[1/':V_GS1Q>?<RY\JWA\QE\V>7:WEPI
MND?:=JG!K^#+]B;XY_\`!8OX[?&_P;^Q[J_Q5_;&\)^./C5^V/I7Q=_;&^*?
MBSPGJT&B?LR?![X&7-W\2M9\`?#'QYK\UK;>"Y/CEK+:5\*]>^#EIX.\/>%_
M"?AKX:^%O!YTWQ':?%+XD1:I]S_M8?&GX7?\%2O^"\/_``3K_8XT;PS\<M8^
M%_[!GCO]KWXK_M)Z%J#77P^\%R?$CX4Z9<^&/A)\2-"U7P9XIE\5Z]HOA'XR
M^!M(\/SZQKD'A?1I+/XD>']!TNZU0>-?&&AQ`']=M?Y]/_!17]J'P!XD_;T_
M;P_;D^'G[87PK\.?M-?L/?'G]C+1/V"_A'KOC'1;/_A=/A'X,Z/K.G_M:?"'
M1+ZROKI/$7AWX@R?$;4]=L?LT5[XDN]0N=8\#:+X2M=.\;:;XX\9?Z!&J:9I
M^M:;J.C:M9P:AI6K6-WIFIV%U&);:^T^_MY+6\L[B)OED@N;:62&:,\/&[*>
M#7\R'_!O=^Q%^QCXE_89O_C-?_LY_`3Q]X\\6?M#_M'6EE>?$'X<>$?''C;X
M6>&?!7Q*\2^`/!?P9F\5>+_"^M>*-&L/"OAW21>/ITFM^)+V:?Q;J^OZWJNH
M^(O$.N0H`?OIX7_:K^`WBC]ES3_VR;;XE>%$_9VN?A!/\<=0^)UOJJ:EX6T?
MX>Z;X<G\3>(=8N[^RB>4CPW8V>HPZS9BT75++4--O=,N=.AU2WEL49^SK^U)
M\*?VF/V8?AE^UUX+NM;\*?!SXI?#.R^+6EW_`,4M*_X0#5?#W@ZYTZ75+F_\
M7VNK7)L-'MM,L[>YNKK68=4O_#%YIL*Z_H>O:OX;N]/UF[_+KXR_\$NOC'>_
M\$0/%7_!+WPE\7-!^(_CW1OA[<^`O!?CKQ<OBSP%HGB/P#X2^,<GQ`^'?P_\
M2R^%)_%?BNT,'PQTKPU\)M7UK3;B\&JWMG/XAO=(O=&O+WPA>^D_&7]FK]M3
MXY_\$>O&W[+6L:'\!_A+^U%XE^$&E?#6W\!?"'Q-XJO/@O:>!_#WB?0K*3X3
MV?C#Q#;:)KEK!X[^#&BWOP\US7H[&WL/#^H^)KRXTR#4--TR![T`_1_]G?\`
M:)^"O[6/P;\%_M!?L[_$#2?BC\'/B'#K,_@WQUH=OJEIINMIX>\1ZQX1UQ8;
M76K#2]5M9M*\2Z!K.BWUM?Z?:W$%]IUS$\0V`GVFOXM_'G_!-;_@OA\5_AW^
MS7X7\,>+/A)^R'\#?@;;>%O!OPE_9"_9U_:(\9_"'4/A9H?A(>'=*\.^._C5
M\3OADES;_%/Q>CV=[KWBZ?PCXIU9+C2[CQ3<>`=)\'?$SQ#HGBSPU],?MX?#
MO_@K7\#_`-IO]F;]I3X-_"CQY^UU\:?%/_!,+5?V&_'.H?!#QPGA'X;?#K]J
M'Q;XKAUKQ3\?]0T_Q/::+H6E>#8M=O\`P_XJ74+W1?!Q\:7O@'P>-33P=IOA
M")?#X!_0-^VA^V1\$_V#?V?/&'[1_P`>]8OM/\&>&)]'T72]'T2S&I^*O'/C
MCQ3J$.B^"_`'@_3'FMK>[\1^*]<N;?3[2;4KW3-`T:U-[XB\5:UH/A;1]:UO
M3_YI_P!HK]N#2?VR/^"A?_!OI^TY\&/AIXFU#1/$^B_\%`;+P3X'\7F'PMJV
MD_&FX\->$OA;XP\'?$/68+NYCT_1_A9\1O#O@#Q#K6KZ!<6\&K>%K?5-,A?Q
M-/X[\-^$-43X5>!?^"B?_!03]K3_`()N_`3]O/\`91^,7@7X:?\`!-7X@^+_
M`(J?&KXS^,;B;Q#\./VC_B_\*DU/2/@#\3;;Q=:6?A[X=^+]=GU/PEH5YK%K
MX/G\:ZE8-X\\9P:F%T?Q'K]MH47Q"_X(F?\`!2#P'\19_C-\&_BE^SCKVC?L
M7?''XP?M/?L"?"73]+U6P\7^//%GQM^-_AKXP_%#P%\3+Z^T+P=X0\#+K/A?
MPO8>`K75=!\27.H^/-:A>RUGQ?\`##X;>)/B%HGC<`_;[]BKXI?\%<?&'Q*O
MO#_[=/[*W[+'P?\`A78>!UO+;XB?"#X\:YXV\4ZWX\2ZALUT>U\$3:#=VR:5
M=1QWVK76HW^MZ(EA8RZ7':IJ6HW.HZ7H_P"H\4L4\4<T,D<T,T:2Q2Q.LD4L
M4BAXY(Y$)1XW0AD=2592&4D$&OYZ]7^/O[:/_!6#]FC]I;]DJ?\`8)_:._X)
M^^,/&?[-]_JFB_'?XXZW8:?\)=4^*6G^-/"$-O\`"+PYK&BZ?!X_U3P]XZM(
M?%%M>>/K?P2BZ?X+LKS6_P#A&=3CUKPY9ZW^27[/_P`"_P#@MQ_P2?\`A5\0
M_A-^RC_P3_\`@Y;W/[<=]IC>&4^%OQ/\9_%OPI^Q#\5_#W@?X9?#:Y^('C*P
MUF]N?"U_I?Q!8>(/%<$,4R^%=(\>75]XQ\9^*V^&?@FS^%UX`?M-_P`'&3:/
M)_P3BET[5;W2[:;5OVEOV9;71[75[BVM;/5M4M/BCI6M/8M=7#P_8Q#I.E:I
MJT^I1WNAC1[33+G6+SQC\/=-L+[X@^%O)/\`@FQ\3/VS?^"@WQK^)?\`P4Z\
M;_M1^,O@A^P]X:^)7Q#^'OP!_8^\.^`O#4?AKXD?"#X:V'B/PW<_$+XM>)];
MT>]\075]>Z[?S>)$_P"$?N5\1:'XWT?Q/X7OKW1]+T33_!VD?(?[;/\`P3A_
MX+9?MH_#KX@?`']H[XI?!KXW?!?]F?PG\7_B-\`M:\$Z+X,\'_%G]MOXXOX5
MOK']G/0?BC9Z[/X`^%7PJU3PE#KFH67B[QOI>C>'_#^A:O=W5[X*EF\76FA?
M%#P=[I\!/^"JO[$?_!,K2M!_X)6_M46GQ*^"-_\`LU_`#08M?^*^J^!M3U#X
M??%[XBW7AK4OB9\<=$^&&C^!=!OO$<O@^*]UB_B\.>.H?#.B^$=<U75+GP3H
MM[HGBO3]'L=5`/U<_P""9O\`P4M\!_\`!3SX2^)_C%\-O@9^T'\'?"7A[Q!;
M:#IFK?&KPAHVD^&OB&9(KR/4M0^%WC7PMXC\4>%/'5IX3US3-6\'>.8]*U3[
M7X0\9:5>^']7MXKI$:3[8^,WQA^'?[/_`,*_'GQH^+'B2R\)_#SX<>';[Q-X
MGUN^EC00V=FH6"QL('=)-3UW6K^6TT3PWH5D)=4\0^(-1TS0])MKK4]1M+:7
M\C_^#='1O%6B_P#!(7]EL>)/!.N_#W3]?F^+WCOP/X8\5K>?\)4G@CXC_&;Q
M[\0-+U[79;YC->#QC?\`B;5O&'A[456*#4_!VO>&]1@M[:*Z6WB^HO\`@H]_
MP3ZB_P""CO@/X5?!GQE\;?&OPM^"7A3XO>%/B;\7?`G@C3[*:3X_Z#X8DG>'
MX9>*-9FN;&]\/^&C+*=0,EH^L65]J9LKK5?#]Z=#TX.`?)'_``1'_P""C7QH
M_P""E=A^VC\8OB)=^`-&^&.A?M`:#HG[.?PLT6SA'Q%^'GPGU/X<:#KFG3^/
M-=T^XETOQ7I?C`W4.K^'?$01;R_\46_Q(?3)KGX=?\*Z=?8OV7?^"I^C?M+?
MM&_\%)O"EK\-)?"/[(__``3QU2P\":W^UEJFM2S^&O&_Q2\&Z3XIUK]H+0++
M3[73IK-M-^%=EI%E/<2Z+JNL:A;:8]AK6N6MA'XU\,6$?Y[?\%`OV`/VS_V;
M_P!I;3/VE_\`@CY'J?A;Q#^U!\.-&_9/^-WPTT.U\(Z)\*?@[HGAOP38?#KX
M(?'/1/#$">%])-E\'[6YN-:?_A))_$]SX0&EZC+X"T^)?&?BK0=;^A_^"9WP
M?_9?\(_LB_MI_P#!*+]FJY^,'_"<_LR/XV^!?[1_QG^)GPWU+P4GQ-^.OQU^
M&VIRWGQ#\,>*=(NM&LO%EGI6AOH>BZ%8:7K6D^(_!7PVT'X8:>9K?PY?^!_%
M&N`'Z[W?[3_P&L/V9H_VQ;SXCZ+:?LV3_!FP_:"M_BG?1:AINBS_``BU;PA;
M>.])\7+9:E96>M1Q:IX7O+._L=*N-,AUR>:[M]-731JDJV9W/V??C?X*_:6^
M!OPC_:#^'$?B"'P%\:?AYX3^)GA"'Q7H=WX:\20^'_&.BVFN:9#K>AWFZ73]
M2AM;R..ZCBFN[*213/IM_J&GRVM]<?S1_"K_`()*_P#!1?\`;*\"?LN_LY_\
M%+/B)\,_@C_P3[_8OT/X0>!/#W['WP#F&L>*?VPH?@!I'AK0?!_B+]IWQ;I>
MKW7@JP\#:@OA?3K^R\&^$(TM+Q#<7C^`/AIXFM]"U/1OWL^+6J_MNV'[1W[,
MG@_]G7P+^SO;?LE>?XO_`.&J_''Q'E\82_$CPWH6C:)HTW@#PQ\#O"?AW6?"
MFB1:KKU_+?:9=:WK$7B[P[HUE`DTNG6US8'3-1`/L^BBB@`HHHH`****`"BB
MB@`HHHH`Y;QQX5L_'7@KQAX(U"5H+#QCX6\0>%;Z=(8KAX;/Q#I-WI%S*L$X
M,,[1PWCNL,P,4A`20%&-?`7[`G[&7Q:_96_X)J_#']C#XF_%C0O&WQ8\'_#O
MXF>$M6^*'A?3M53P^+[QUXR\=>)=$CT^WUIK;7-2L/">D^*]+\-3:I=#1]6\
M0)HL^LQPZ#>:A'#8_I-10!^=W[./[!>F_#?_`()F>&O^"=GQB\36'CW2[W]G
M'QM^S]\6?%_@[2IO"EOXPMOB=HGB;1OB#X@TG3[VYU273=1UQ?%NL7\MQ/)*
M)=5N9M0^R6R3"QA^9_C+_P`$B]4^(/\`P3D_95_8C\/_`+3_`(QT_P"*?[&%
MY\*_$7P$_:4\2>`O"_B5++QI\&-"UGPWX&NO'_PL.I:9HWBSP78^$-5N/!UO
MX3N]8U"&/R?#GB'6QXGU?P^MY+^U-%`'\<_[8'_!%?\`X*$?%3]H3X7_`+7W
MQN'[//\`P4H\:ZD]UX<^,?P#TK4];_8O^'.C^'[.\F;P`VB:K8^(M3U'XC:!
MX0TYQ9Z_#XLUO3]8\4Z;!;>&KC1[G[;?^+;7^AC]BZQ_X**SIXBU+]M#2?V.
M_A+X'F\(>%])^$GP+_9<T[XB^)/$/PVNK5K\7\?C+XH^,]1TKP9J@T?26TG0
M;'0/!OPT&@2S6":A8ZQ865M+IFL_H!10!_*%XN_X(S_\%2/@QX>T+PS^R+^V
MO\'KGX9_LF_%#XN?M%?L1?#OQ)X4\?\`P\\<3^,?B=\6=.^(%W\"_C%XT\->
M);[PGK/PPLM%G\8V/]HS>'[JV\>:EXDO_"OC#P[H/@[Q+K.J:7W?CG_@G)_P
M4U_X*=^.O%7QR_;^U?X#?LF6GP^_9=_:Q_9X_90_9D^%=U=?%L6'C']J?X6Z
MU\+?%WQD^/GQ'M-3,,UN-%N]%BLO"7PXUB>[@;0]%UO1=6\%>)O#LNI^+OZ@
MJ*`/Y7_"G_!'O_@H]XS_`&:(?V,_$_QG_8<_8V_9+\7V'P\\%?%OX4_L4_!G
M6)=:\>>!O`J>"QXC\5:YXZ\7^"/A]XV\0?%SXT6/@L>%?'7B+5]:TNTC\,ZU
M]JU+2-;O[+4="UCZ3\(?\$\_^"G7["MYXF^%'_!,_P#:A_9UU/\`9'^('Q9U
M+XFI\-OVS?`GC+7/'G[,%GXW\>MXI^)'A3]FWQ1\,9X=&\:>'=2M[W6KCP]X
M,^*NA:#I?A^_FME@\47&I:]XB\4VG]!M%`'\ZW[2?_!);]L]?VG/VP/C_P#L
M%_M0_!_X'_\`#>?@/2/A5\:9_BY\,+[Q?\0/@QI,4%Q#XF\>?LU>/]`E.L66
MH>*A=R:M>_#_`%8>#]$C\:7.I>)KOQ#K&I:/\.=6\&?L!^Q-^R+\,OV$OV7O
MA%^RM\(_M]SX/^%'AQM,_MS67,VO>+O$6IWUWKGBWQEK\[23,^K>*?$NI:IK
M-Q")I;?3H[J'2K`IIUA9PQ_5-%`'Y)_&?_@BM^Q+\3/@9\-_@5\.-%\?_LIV
M/P:^+'B;XY?";XE_LR>.=2\#_&3P%\4?&,4MOXI\0:3\0O$">,-2N[?Q':O:
MV6KV&KQ:@8K+0?!]MX>NO#Z>#/#1TWA?A_\`\$(OV+OAI^R?\1/V5]!U?XUZ
MO+\6_%?@7X@_$O\`:`\9_$23Q)\?_%OC_P"%GB4^+?AAXEN/%O\`9FGZ%HMO
MX"U62]M?#_A7PMX7T'PC;Z3KOBAFT1O$OB*_\3M^TU%`'X4^!_\`@W4_X)N^
M#S\(=8U31OCK\1?B+\)OB5%\7;GXN^/OCGXPN_B'\6/B#!XRT?QM;>(?C#<>
M&V\,>%O%EU::AHXTRR-AX5T$6/A_5-<TFS\B'5KIF]2^!'_!%/\`95^`?[<'
MQ<_;BT+6_B#XM\4_%F3QEJUY\,/';^#O$/PXT'QA\0/&EI\0?$WB_389?"<?
MB&;4[;Q7%J>J^$[>YULV7AN;Q-KG[G4OL?@P^$/V$HH`_!;PY_P0ZUOX0ZGX
MPT#]E?\`X*<?M[_LL_`/Q[XMU7QKK/P#^&GB+X4:OX?\*ZQXCNWG\16WPD\6
M>.OAOXF\4_#G1;B+[/#I%BEUKUUHYMXVDU'4HH[6WM?W*\-Z#_PC_A?0?#%U
MK&M>*CHF@:7H-SX@\5W%IJ/B+Q)_9NG0:?-K'B2ZM++3[&^UK6/):]UBXMM.
ML;2YOKBYDALK:%U@3?HH`\B\??`#X%_%73M;TCXF?!OX7_$#2O$H<>)--\8^
M`_#'B.Q\1*ZV@*Z]:ZMIEU#K**^GZ;/&FI)<K%=Z7I5Y&$NM,L)K?CS^Q[^R
M:/A'+\`8/V9O@'8_`N?5;C7IO@UIGPC\!Z5\+9-=NO,,VN/X"TW0;3PL=9::
M0W::K_9?V^*_C@U"*X2^MK>XB^C:*`/PH_X*Z_LF?#;X,?\`!'S]I7PU^Q]\
M'OA?\"H_@';>!_VGO"'A[X7>#-"^'GA'2K[X"_$KP?\`%7QSXAUC1O"-EI-C
M?B^^'OA?QC!XGU2_L]4U*XL[R]U8Q7^M6]F]?I=^QO\`"/\`9E^&'P.\+:Y^
MRK\&?AQ\%?AS\:K&Q^.LVB_#GPOI7ARTUS5OBK8V_C.;7=8DTZQL9]6OI(-9
MAL[*:^3;I6BVNFZ!I%MIF@Z5IFE67J'QW^#/A#]HKX,?%3X"_$(ZH?A[\9_A
MSX[^%'CZWT34)=*U:]\$_$CPAK7@GQ58:=J4>\6%Y=Z'KU]#;WSVUVUC*R7E
MI%#J$%G>6N[\+/AMX4^#7PP^''P@\"64FF^!_A5X#\(?#;P;ITL@FEL/"G@;
MP]IWACP[923+'$LLEKI&EV<#R+%&':,L(T!V@`[RL:U\.^'['5[[Q!9:%HUG
MKVJ6EM8:GK=KIEE;ZOJ-C9W5[>VEE?:E%`E[=VEK>ZGJ5W;6]Q-)#!=:A>W$
M2++=SO)LT4`%<-X`^&'PU^$^CZAX>^%GP\\#?#30-6\1^(/&.JZ'X`\):!X-
MT?4_%WBS4IM8\5>*M0TSP[I^FV5[XC\3:O<3ZKX@URY@DU/6=2GFOM1NKFYD
M>5NYHH`****`"BBB@`HHHH`****`"N<\3>#O"/C6RCTWQCX5\.>+=.BGBNHM
M/\3:'IFO645S!-%<07$=KJMK=0)/#/!#-%,L8DCFABD1@\:,.CHH`****`"F
M1Q10J4BCCB0R2RE8T5%,L\KS32%5`!DFFDDEE<C=)*[R.2[,2^B@`HHHH`**
M**`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHH
MH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@
;`HHHH`****`"BBB@`HHHH`****`"BBB@#__9
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>finalx2x1.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 finalx2x1.jpg
M_]C_X``02D9)1@`!`0```0`!``#_VP!#``$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0'_
MVP!#`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0'_P``1"`%]`90#`2(``A$!`Q$!_\0`
M'P```04!`0$!`0$```````````$"`P0%!@<("0H+_\0`M1```@$#`P($`P4%
M!`0```%]`0(#``01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T?`D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$!
M`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W``$"
M`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P#^_BBO`OVH
M?VE?A7^R!\"?'O[17QIU6;1_AU\/(=`&KW%J=-2\O-5\7>*M"\"^$-"L9];U
M/1-!M+_Q-XS\3^'_``Y8WWB'7-"\.V%WJL-YK^N:-H\%[J=KY[=_M@>'/`K^
M,I_C]X#\5_`+POX"^"OBW]H#Q)\3_&&J>#==^$T?PV\%7&C)XCO-/\:>#_$>
MM/>ZUH-MK5M=Z[H4FC6MY9QB&:Q_M73]7\/ZAJX!]?T5^/5S_P`%EO@UH/[*
MO@O]OCQY\"_V@OA_^PUX\\2>']'TO]H'7])\`WEQH'A7QCXHMO!?@KXS>.OA
M9X=\>:U\0?#/P;\9>*+NPTC0=9ATO5_'HDU[PO?:U\-]&TG6GU"Q]DU#_@IU
M\&;/_@H-\-/^"<=E\-?C-X@^+7Q:^`D'[37@OXF^'4^#6J?`G4?@O<:KXHT6
M'Q>OBM/C-'XPFCFU+PCJT-M86'P_O=0O8&LM0LK>YTV[CO``?I#17Y\?\%"/
M^"COPG_X)N^$_@MXV^,OPR^-7CWP]\=OCOX+_9Q\(77P=TWX8:O-8?$_X@:;
MXEU?PM8>(K7X@?%7X;7%GI5_8^$=<DEUC3DU:ULFMHX[SR'N8!)](?"OXW:A
M\2?&_P`1_`>L?!7XO?";4OAUIW@K5TU7XBGX57WAKQSIGC:Z\9Z=!<^!]=^%
M?Q3^)MI<W/AS5_`>NZ3XMT;Q(?#.OZ+=MI4YTJXTW5["_F`/=Z*_+SXX?\%9
M?V??V<OV_?V>/^">7QB^'WQS\'_$?]J2RMI_@W\8;O0/AS-^SWXAU+4+KQ)I
M.D^&+CQ=;?%*7QM8>*]7\2^'8O"UAH4WPY-VVM^)O"/V@6^EZY#J<>UXW_X*
MC_`SP7_P49^&O_!,6/X>?&_Q7\>_B9X#U'X@6?BWPUH7P\A^$'AK2]'\/:QX
MNUC3?$OB+Q5\3O"_BYM:TSPOIMAK5Q!X8\">)K":#Q+H=G9:C=ZK'KVGZ&`?
MI317Y!^`/^"Q7PV^*VM?MR^&?AG^R7^V-XW\3_\`!/GQKJO@'XY^&]&TW]EZ
M+6M8\0:-;>+]0O(/A99:K^U+IK>/&?2/`WB+5[*PMFL-:U"VMH;.RTJ?6+F'
M3&[O]I+_`(*Q_L_?LG?MJ_LW?L1?&KX??''P[XI_:IO]#T7X5_&N'0_AM<_L
M^_\`"1^)M4UO0?#WACQ/XJD^*EOXV\/^(-<\0Z+_`&%I6GS?#J=M0O\`4].D
MM9)=/74[[30#]0:*_-/XN?\`!4GX&_"3_@H!\!?^";LWPY^./CKX]_M"^'_%
M6O\`A+7O`^A?#G_A5>@'P3X*U_XD>*=#\8>*O&GQ1\&:O9>(-'\`Z'#XKN-/
MT+PQXA1]-\1^&8H+B74M3:QMOE/Q1_P<!?LK>![+]LGQ!XR^`?[7?A[P)^P)
M\>_!/[/G[5'Q"E\)?`C5_#GPX\1?$'Q?JG@3PWXOBTWPU^T/KGC?Q7X#N/%6
MGVFE7%[X2\(ZUXEMI=>T5W\+&*347TX`_=BBOS+^*O\`P5,^#?PO_;$_98_8
MHM?A)\>?B7\3/VR_ASXL^*7P%\6_#RS^##?#'Q)X5\$^!_$/Q#\02ZCKGCKX
MU^!O$>AW<'AGPW>W-K'J'A*.WU">>R@LKJ<RRM!R7[6G_!73X3_L3_LD:G^V
M+\?OV<?VJO#W@/P_\7KGX-^)_!&EZ+\`]9^)?A[6FUFXTCP]XFFLX/VA8_`^
MN>"/&L4=GKGA/7/!_CSQ)<7F@:OI>HZCINE^=<0VP!^L-%?`GPN_X**?!SXB
M?MF^//V!/$/@GXL_!K]IWP1\*M.^.%GX*^*.E^`Y=+\??";4-1T_1G\:>`_%
MWPQ^(GQ+\,ZA;:=K6HQ:5J.B:YJ?A[Q3%<6^H7$.@W&G:?=WT6Q^U-^WW\'?
MV7/BI^SU^SQ?Z1XQ^*O[3'[5?B#6=!^!7P%^&-MH%UXP\1VGABQ.J>,?'7B7
M4O%.O^&?"_@?X:^"-(2ZUOQ1XIU_6H[R32=*UP^$-"\7:OHU[HZ`'W'17YV^
M&?\`@I'\)]0^.WQV_91\8^!?B%X`_:F^`OPHLOCI>_!35Y_`%UJ'Q9^$%[:F
M;_A8/P-\6)XVMO"/C+0]-O0WA_7[7Q'JO@?Q!H7B&"YM=0T.+3D@U:Y\[_9`
M_P""L?PZ_;?^`_P?_:7^!O[,/[6%W\&_C%\3XOA?I_B;Q!IG[.ECJ'@ZY'Q'
MA^%>H^,?&GA'2OVD-;\8Q^!M"\6W5FFOZMX4T'Q9J.E:1=IK=QHPTR&\N+4`
M_5:BOBO]KK]MGP_^QSX-^*GQ(\:_`WX]_$'X<?!7X(:W\>/B3XZ^%^F_">?0
M-`\-:+>:E;-X<@'Q%^+OPXU77O&]_;:+J^JVNB^'=,U:SM=,L5FUO5M)GU/1
M;;4_G2'_`(*W?#1_V0+K]N6Y_9A_:UL/V?4_9;_X:YTKQ!<Z+^SW-J7B#X96
MXLKC5](TZPT[]HR^@L/'VB:7JFEZU=>&?$U]H":EIE\6\-ZCKMWINM6FF`'Z
MOT5^,_BG_@MO^S_X2^&7_!._XKWW[/W[55WX:_X*<^//A[\-_P!FZVT_1OV?
M'UBU\5_%.^T*R\#VGQ(M;S]HNRM?"]MJZ^(;"\DO=-OO$5OIMJMPNIO:7<:6
MDOKTO_!4CX=R?MV?$_\`X)W:+^SO^TKXC_:"^%/[/Z?M+ZW-IR_LXZ;\/M5^
M%LNM>$/#L=]H?BOQ5^T;X=D&JMK7C71[)M,U[2=!:$)?7<\T5A;I=3`'Z=45
MY=\*_B<_Q4^$_A;XI0?#_P"('@BZ\3^'3K<GPP\?V?AG2/B7X9U.(3Q7O@SQ
M19:5XJUWPA8^*]-U&VGTB^2Q\9:EH$=_&S1:_-8XO3\$_L)_\%<?V8_V^/$7
M[37@OP/X>^+/P6\<_LE7NB#XN>"_VAM)^'_A#78/#/B+3-4U;2?B'X?;P5\2
MOB+I.L?#^XL='NIW\1-JEFEO!/I=Y<6T=AK6D7=\`?J/17YQ?\$]/^"F_P`%
M_P#@I1:?'K4_@C\-OCGX*TG]G;XQ:_\``OQMJ/QE\.^`/"W]H^/O#45K<:K:
M>'M)\,?$OQMXA-E#;7MM/]H\1Z-X;F7S&MIK6&^AGM8O<?V7?VT/@'^V'<_M
M`VOP,\6+XFF_9H_:"\<_LU?$^-TA@DLOB+\/H=+?7)M.B2XG;4/"]W/J4EKH
M'B2+&G:Y+IFJK8R.^GW:0@'U917Y6_LY_P#!7;]G/]H[]JO]HO\`8ATWP%\;
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MWMO#_P`5[WX70?$F;Q+H/PP\0VMS!XAL=7O7E\5:5X/N(?&'B_P5X7\.PZIJ
M&F`'Z3T5^<GC'_@I9\,O!O\`P4.\(?\`!-"X^#'Q]UCX]>.O@5>?M&>'/$^C
M67P7_P"%477POLM8\7^'9M2FU_6/C7H_BRTU-M?\$ZUI,>CW'@>.\,WV.[95
MTN=K^+Q?]E__`(+7?LN?M8Z5^V!8>`/AY\>_"_QI_8CMO$NI_&/]F/XDZ/\`
M"'PO\<[_`,/>%8ISJ?BSP!;6OQGUCX8^+/"AO+6YTR+7E^)UA8QWATJ2]DL]
M/\5>#K[Q"`?L'17P3\;_`/@H-\,_@Q\9OV?OV7E\`_$CQ_\`M9?M*Z+K7BGP
M%^SKX/\`^$"F\6^&O!/AFUO;GQ/\1?BKXIOO'%K\.O`OP_\`#[Z;J-E/KJ>+
MM=O?$.IZ?J&D^`]&\8ZM97%@GN'PK^/ES\0_BA\3_@[XA^$?Q*^%_C;X4>#O
MA7XVUFY\6P>&=0\$^*M%^+6J?%+1M"N?AYXR\*>(M>LO$:Z;J'PC\2Q>(++4
MK;P[X@T5+O09=3T&S36+0N`?0U%?E?\`'K_@K#\+O@+^V7<_L)WO[.G[47Q)
M^.A_9B\2?M;Z''\---_9_N/"GBKX2^%KWQEIFH_V#J_CG]H7P)J"^*Y=4\!^
M(=.L/#VMZ-HLMW<Q6CK<+:WD-R>?G_X+9?L,3_L<_`']M'PKXA\?>/?!_P"U
M/\1K#X+?L[_"7PEX0MW^/?Q8^-U_XFU'P:OPC\/>!=?US0-)LO%%GXETJ[TO
M4-7\1^*]#\`V3/I=W-XS%AK_`(?N]4`/UPHKX`L/^"A'P\\._M5_"_\`8M^/
MG@;Q?^S[\>/CI\/]:^(?P-@\6:IX,\1_#[XN0>%G?_A,O!'A#QSX1\1:FJ_$
MWP9:Q_VKKWA+7]&T2&ZT>XLK[PKK/B<3RQ6WJNN?MF_`7P[^V3X"_80U/Q5Y
M/[0_Q&^!GC']H/P]X:,<0M&\">#_`!3I'A1XI[QYTD_M[7;BZ\1ZIH.EV]M<
M-<:'X!\9ZC=36::=:+?`'U517YP?M,_\%,OA=^R]^UU^R]^Q9XG^#7Q]\=_%
MO]K^T\=7'P8U'X<V/P9F\$:A-\.='&N>*;#7]8\=_&KP%JV@7=K9/&+9[K0'
ML;R>14@O659'3R#3_P#@M5^RYJW[)W[77[6&G?#O]H2>Q_81^(GBSX5_M5?`
M^;PI\.--^.GPI\;>!M2CTKQ7I=UIFK?%>P^&/B6/2+QIHS?^#OBGXALK][*_
M@TJ>^NK2:W4`_7ZBOS`^"W_!67]F_P"+7CO]E#X=^)/"GQ>^`/B']NCX&:)^
MT!^R-)\<-*^'5AHGQS\'ZOX0\-^.;K0/#&O?#7XG?$W2M(^(F@>'O%>CW6L>
M!/&=SX8UV1KA%T.#6DN;&2\_3^@`HHHH`****`"BBB@`HHHH`****`/BO_@H
M=X,^&GQ)_9$^)OPT^,OP%\7_`+2WPH^)FM?"/X;_`!$^$G@+2M?UKQA?^#_'
M_P`:?AWX0U[QOH-AX4DB\4&]^#^GZS-\8?MOAR1-=TN'P'+JFDL+^SMZ_FIL
M/^"3'[5<7PB_X*%?\$\?V4_VJ/CS\9?^"?OQ?_8@GO/@-I/[4FF^*M"U;X&?
MM7Z-\7/#^K^`_P!G[PAXT\7^'/#;7'P]\1>"O"?BG2/B5;^'M'TBP\!OK6@1
M>+O"L>N2I>:Y_9510!_);\<M&^-_QS_X-X_A/_P3.\#?LX_&:V_;EUWX&?LO
M?L;ZU\$]?^'/B[P[9_#SQ!\%/%'PR\->/?BK\1?B#J.BV_@'P_\`!W_A%OAS
MJ?C/1OB=!X@U+PEXHE\0^%=)\/:KJU[KL12A\/OV<OBO^R__`,%R?^"=M[K'
MPS_:*^(GP5_93_X(C_#/]C/QU^TEX5_9O^/_`(S^&FJ?&'X=:I\3K"73_P#A
M,O#?PYUC2[W4]>TN?2-?WP75Q"IUNWM+FXCU$RVJ?UPT4`?RA?\`!?/4_B[^
MVK^S;^R[HOP7_9>_:_U]/A-_P5_^!/B%AH/[+/[1!\97OP6^&'P?\>6WCWXY
M-X4_X5DWBCPSX,TOQ]X^O?"?AS5M=T:P;Q4NB0^(_#%OJ^B7UM>R?N/^QMXB
M@\*7.N_LU^'],_:1\8Z)\.(_'OQ.U_X\_M`_"GXO_#M?$^M?'3XW_$3X@>&O
M`^@>*/BGX"\&0?%7Q-X7T+4]3_X6!J_A;[18>%XQX-MKP+?^(YK#1_O:B@#^
M:S_@NK^Q9X]_;K^&GQ\;]GWPE\31^U;^R;X0_9>_:,_9=\4Z?\.O'6B6VM?%
M'X0>/_V@]4\6^"OAW\0=;T71_`_B[Q->>"_&EA>V'A_P_P"(->N'\6KX,DDT
MV2ZLX_LWCNJ_`7X_^$/^"_G_``3)^*7B_P"%7Q>\:Z/X,_8J^-6C_M*_M!^`
M_@!\7[SX":9^T7\89OCIXL\1:5%\0M/\(:IX1T70;CQ1XNCTWPE::KXJO6\.
M^%I/"VB:OJ[3Q0RS?U:T4`?QU_\`!/\`^%WCKX.?\%%_^"KO[6GQ@^&/[?/P
M_P#`GAS_`(*`^)_VB/A#X6\)?LD?M3ZQH'[4_@O4?@Y^UO\`".2+0O#&B?!^
M]?QZVGWGQ9T7Q'X4DAN;>VBU2#2+XN+&\BOH_K3_`(+$?LD>-O\`@I3^S'\=
M=(\%_#+XL^#?VK?A7^SO^R9^U/\`L\F#X=?$K21I/[0'PKU?]HCQ9XD^$W@O
MXI:CX8\->$]<\>7'A?Q[<>"4T?2?$B:KI?BK7_"NMZEI%M=:1##;_P!,%%`'
M\DGC'X$_M->'/^"UW_!$7XS?%+X3?&+X@:S\/_@)^T[K_P"VM\>?AO\`L^_%
MWQ%\'/"GQX^.WP)^*.EQ:-?>/O#'A'Q!X6M-%T[Q'K6A_#3P;!-XANCX<\&:
M)X1TO4FTK3K*UCA_+;XS_LC?M$^-6_X+T:WX;_9=_;;O_B_\5_\`@HM\$OBW
M^Q)X1N_V6_C[J7P+_:(;P]\6?'%[J>I_$WP+\1_AN_[.?Q$^$FE>&9[_`%ZX
MU?XS6A\.:/?#PYJFD7S:I>Z)8ZO_`*$E%`'\?G[<'P!_:=^-O_!4G_@C5XA^
M+GPQ_:.^'X\&?L'_`+0?P_\`VOOCI^Q]\%_C7XE^'W[/?QF^,'[+/Q(\)WFG
M?#WXF^!/`'B_P_9PQ?$?7&T/PJMC?:E-9Z=<::FI&SCN5N*[/_@OC:?&+]KS
M_@C9XY^#7P(_9B_:L\>^,O"O[1WP8^&_@;PUI'[+O[0B>//B3X=^%7A[PCJ7
MB_XI6?PVOOAI:>-O#'@$>(=2\1^']!U_Q-HVG:5XEC\-'5-#O[Z#4K1*_K0H
MH`_EQ_8X\!_M+_LX_P#!=3]HWQ5^TI\'/CG^U'X#_;%^#OAUOV5_^"BNH?`+
MQK#?_!/X<Z-<RZR/V4OC)%X'\`^&_AM\"].-[I4PNKC6/!GPVU37?$?AKPQX
ME\217?\`PL&*'P]['^W?^S-\8OAW_P`%OO\`@G=_P5+TSP7XQ^)G[-?@#X'?
M$;]E?X]1>`=$U7QGXC^!<OB+3OC->>#OC#>>!/#]IJ?BC5_!6LZO\68=&\=>
M(O#FDZA%X*T#PK-K?B9K/3?L;S_T5T4`?S#?$3]GOXL?M.?\%MO&W_!13PQX
M,^)&@_LL_LH_\$WO$7[,GA_Q;<>`_'$.I_M(_%_QTWQAUZXT3X3^!AH(\9>/
M/!GA*Q^,;QZSXLT?0KO19?''A:QT/07UJX35+C1L?_@V2_8V^+GP6_8V_9Z\
M<_&VP_:;^#'Q&^&WA+]K7X3>)/V:?C;X,\>_#+PWIZ_&']H3X>_$GP]\0=)\
M#^//"?AN\.N'1/AC';_VY97.IVDUAXINH!]CG:X27^I&B@#\T_\`@L;X;\6>
M-_\`@ES^W5X!\!>"_'/Q%\=^/_V;/BAX+\%^"/AOX(\6?$/QCXF\4>(O#-]8
M:/I&D>%_!>C:[KEW->7<B0^;'8&UMRP>ZG@C.^OS4_X5O\5_^(7/_A0G_"E_
MCG_PO;_AVU_PI;_A2/\`PI#XL?\`"X?^%H?\*T_L'_A$?^%8?\(=_P`)Q]M_
MM;_1/M7]A?V9G]]]N^S_`+VOZ5Z*`/X5/'G[,'[0&G?LU?\`!L%#8_!/]N'Q
M3XE_9U_:F_9#\>?M(^`[_P#9Y_:#\06?[.OA3X;Z]\.V\<:MXG\-V?PK^U>!
M++P^UA?H8=28W%YIME/<:9#>VD+W`^P_B[^S]\1/B-_P<,?M-_&'6O!?[9GP
MV^`&H?\`!._X8^"M!^/?PU_9Q_:.OO`WC#XJ?#S]H#]GCXJ2?!^\\0^%_A3K
MMKXN\,^*M$\%ZSIWC/0](DF@UC1(=6TB&_&HI]D;^NBB@#Q?X,?%^7XL?".Q
M^+FI?#[XC?#>TU6[\>75AX-\?^`_&?A;XE1^%?#/C+Q-HGAG6=8^&NO^']+\
M?:'J_C/PMHNE^,+/P=J7AN#Q-9Q:_::3)ITNH*$D_FPT7_@GA\;7_P""D/["
M?[9OP+T7QCX$^!?[1O[":?L\?\%-?#GBSX;_`!$\'Z]-IWP)\`^!9M%T76_`
M_B;2O#/BZV\4?%\:'X2^$5I.-(AN=/\`#W@/Q#J&D?:K[5HH]1_JWHH`_DD_
MX(^Z?^T'^S1\)_\`@K1;^(?@5^U%\)_'_P"T3_P5'^)U]\"-<\2_LC_M%WCQ
M>#?CEX@T'PAH'[0EIX>_X5U9RZ[\/_AUIUSJWQ'UN6YO]$TJXL/"W]B:EKV@
MW.NZ7<R=%^S/^SQ\?/\`@F#_`,%W_B%I/@3X3?$WX@_L/?\`!1GX,^%]7^(W
MB_X(?LW_`!N7X(?L]?M'_#NUO[#PQ=^+M?\`[2^+6GZ3;>)[?3-=NM<\4ZYX
MZG-QX@^-$UUK;:+I7A.><_U<T4`?S)_\%`/^";_BO]M;X-:5^UW^QZGQ`^!W
M_!3#]B+]H#]I'Q_^SEXX\3_#OQY\(]4^)6A3?M#?%'QW%\)-:A^(_A?PM)XK
M\$>/_#NO#4?`NOI#J?@^6_\`$%WHMYJ)\)>,O&,<GVE=_#CQ5^U;^S#^R?\`
ML0_$OPAX@\)Z7XO_`&*/!_BG]I2'XB?LZ_%_Q#\*[V[O/@[H'P[@^"^K>(+?
M6/A]X)TGQSIGB?Q1XA^(T/A_4?'.H>+/!?B7X4>$+ZY\+B>]T_4(/V:HH`_B
M-_9:_9"_;O\`CI_P1/\`^"DG_!$;Q_X`^-GA;XK_`+/'C76_#?[('QN^)_PE
M^*?P;^%O[2GP9\)?&S0OBMX1T/P/\0?B!X;T_P`,RVGBCQ'X%\0>'(+&[\4W
M$.C^`_B3X2L[EHO#>@ZKJ5I]X>*/VO?V[/A'_P`$_/\`@F#\+?V,?@'\2+?]
MJ72=>_9G_92_:Q_9S^(7[+WQ(\5R_!;X;>$OA=J/@WXM_%>[DM].\+:;I7A#
MPMXJ\)^%XO"'Q%G\3W?PS\7^$_&FB:IIHO$U*TN$_J"HH`_FA^)WP_\`BM#_
M`,'.'[-WQW/PD_:"\1_!#P7_`,$OM2^!WBKX^V7[/WQ;U'X6Q?%EOBA\<?%(
M\.:A\0/#OP_;P%%J]_HFO:/JCG3K^/1DN=7MM,@EAO7CT]?ES_@I'_P3/^,G
MQB_9W^'?_!3+_@GKHOQ$^&'[?_P#\$?%#P=X_P#A]KGPV^('PZ\4_M1?L_ZI
M?^+])\5?#'Q/\,_&_ASPOXHU[Q79^%]4N7\$17VC1MXU\.7,OAJPFOM5MOAU
M?>'_`.P&B@#^<'X[?LY_%O\`9[_X.!_A)_P4GUWP7XO\?_LG_%7]C_6?V7O%
M_C?P5X:U_P`?7_[.OQ)L-4DUC0=1\:>$O"^G:UXGT?X;>,8[2SL8/'VF:3=^
M'/#VM:[XB;QS=^%]+6UU/5OK7_@GC^T'^W-\>OVM/^"@>C?'OPKJ?A_]DGX)
M^.?`'A7]C+XC:G\#];^%^H_M#^&O$$?CNZ\7^)KKQ)XF6TC\;V'@3^R/"^GV
MVO>!_#7AKPSJU[XDN;V$R1`6$'[$T4`?R.?\%&?@'XB^+'_!>G0?B/XO^$_[
M<T?[+UG_`,$B?B'\!O''QV_9A^"G[55U<Z3\1]6\>?M!:\/!/@_QY\&/!5V-
M?\5W?ASQ7I$]GH=E?:MH6KW6JV.D:E%<7$CVD?QAX$_86_X*8W7[&G_!#']I
M[XU_LP+I/C'_`()D_ME>)/%WQ$_9<^#?PX\->#_BAJ'[*GCCQW\*-73XKR?`
MWX>Z?I^EZM\9/"$OP[UR_O?`?@[P_'X[\36?BJTUZ^T%O%%WXNFC_NRHH`_F
ML_;B^$7CK_@H%_P55_X)0_&#X,>'?B):_LX_\$ZHOC9^TM\=/CM<?#_Q_HVB
MZG?>-6^&=UX0^"7P[TK4?#EEXD^)/Q(UJ?X0I#XM\(^#])U6\\.^%_%`_MA8
M];NM+\/:K\??\%1?V?\`]K6YE_8A_P""U7[,GPO^)_Q$_:A^"O[2<7Q+O/V;
M_!W[)OQYT3]H[Q!^SK\7H])\*ZI\&OB;H4EWJ>OV^I_#WX3Z!X>^%OBBR3X3
M^!XFA\4?$[Q3!KUS?2-?ZU_8I10!_*-_P5,^'/QU_:8_X*L_\$7OBY\"/!7[
M6_PX\(>&/AW^TM<>+OVAO"O[)_Q'\17/[,FK_&'X8V=C\.M8\?:1XX^$OBCP
M1H'B:PUF6.+5/!_Q`TI_[-NK6ZL/$-MI1`NX?B3X3_"O]JKX?_\`!&[_`(+*
M?L&?&O\`8<_:"A_;<?QC\6M9U3X[_#W]GKXZ?$C2O^"C7B7XN>.CJUC\9/"G
MQ!T+P;XBL/&WBB.8S6FJ:1I-];:=H/A.X\/:N=(T;4I?'5CHG]RE%`'\>.G?
ML<_M%?MA:K_P;)>`O#?P:^,7PHT7_@F7\'?@%\:/VM_B3\8OA;\0_@O;^!_%
M'PT^&W[-,%M\`O#EM\2O"_A?6?'7C/Q;XJ^%&N^&?%MCX1M=4T7P_I;6]_K6
MI+;LRQ?V'444`%%%%`!1110`4444`%%%%`!1110`45\2?\%(?V@_B7^R=^PK
M^U)^TU\(8?`U[X_^`WP;\:_%/0-*^)'A[7_$W@[6KCP?HUUJW]C:OIOACQGX
M#UI8=1,"P?;++Q%!):!C+]GN>(Z\,D_;YO\`X-?M@?%W]G+]HSQA\&]6^&_P
MT_8^MOVN_$7QN^'7A[Q5X/B^$6GQ_$;2?AU!\-OBYX/U#QQ\69G\0?$=-5E\
M9?!V_P!$UNPU?QEIGAWQAH5KX'GN=$T[6_$(!^IU%?)^F_MO_LT:M%?I8>./
M$$NO:7\8(O@'J'P_E^$_QAM/BY:?%Z?X:W/QFM_!,WP:N_`,'Q76_NO@_97O
MQ6M+W_A#3I%U\-K&]\<V^HR^&+.YU2+1\3?MD?L]>$O"'A?QQJ_B[Q)-H?B[
MX2#X\Z7;>'_A1\7O%WBJP^#QTNQU<_$#Q;X$\)^`]:\<^`O#Z6>H01RS^.?#
MOAV:'48K_1I84U?2M3L;,`^GZ*^0+C]O7]DZU\,>./&5Q\5O)\-_#?\`9J\#
M?MA^--2?P+\21_8O[,OQ'T_Q-JOA#XQ&S_X0[[?J'A2_L/!?B^>_;2K6^U+P
M[_PB_B"+Q)8:1-I%_'!HWO[;_P"R]8?$;3/A3<_$['C#5/&?P\^'$9A\%_$.
MZ\):=\1/BUX+@^(GPR\`>(_B-:^$YOAUX4\;^.O!=]I.O>&?"7B?Q5I'B#5;
M;Q#X6AMM/>\\5>'+;5`#ZNHK\XOV5OVO-;\1^"_CEJ_[0WB+2KS7_!_[</[3
M'[-?P^L?AQ\.O%EUJGBG1_A%K^L)H&E>&OAUX6?X@^-O$6O6W@_PUKOB77CI
MYURZBTW2M:UNZ-II&G3-:?7OPW^+W@S]H7X2Z?\`%']G_P`=^'_$'A[Q7::S
M!X5\67WA_7+W3M/UW0]5U#PYK>F>*?!=[?>"?%>G:YX3\3Z3JOAWQAX)UJZ\
M)^*?#WB#2=4\.ZY#HVL:?>6T`![!17X-_LM?\%._V@?'NA?\$G?$GQ:TSX(>
M-W_X*3?"KQ#XO\5>`O@=X$^(7AKX@?`RZ\._!C6?BU=?$6UTW6OBK\6Y/''P
MAMM5T:/X;^(6NM/\)ZQH/B'Q)X9GT_5?%%_?-X:7[V^'_P"W'\`(OA=X7\::
MW\;M5^*5KXUC_:#\?:#X@\)_`'XO6VK1?#3X2_%W5_"GBJ\USX=>&_!OB'Q3
MX5\._!R?4_#_`,,]:\;^+-.T:P\4ZGI2^)8G5M;,$(!]W45\4>'/V[O@[K7Q
MB_:N^%&K6OC'P7:_LAK\/;3XA>.O&'@CQSH7AC5]=\>Z-;ZY;Z/X6OK[PK!I
MNN326VN^#K'P=:Z5JNH>(/B=J^O74/@/P[K&F:;9ZQK5GQ7_`,%!_P!DCP)X
M1^(?C?QO\3]3\':)\)/'WPY^&?Q2M_%/PL^,.@>*/AUXK^+^HZ5H_P`*QXV\
M#:KX`M/&_AGPU\1-5US2-.\&^.]8\/6?@7Q#>ZA;6VF>([F63:`#[.HKXC\,
M?MF?!+Q;\0-8O8_C'K7@KPMX0_9SO_C5XO\`AQ\8/@%\7/@9K6@^"AXXU#0%
M^,/B'Q!\:?!_@'5=`TG2[CPIXG\+W'@V_P!%MM1$\5SK5VL<-M;A_:_AG^T=
M\(/BYXR\<_#GP9XAUB/XB?#;3/"6N^-?`'C7P'\0OA?XXT7PYX[AU23P=XI/
MA+XG>%?"'B#4/"7B*?0O$.EZ9XKTK3K[P[<:_P"&_$OAP:F-?\.:WIM@`>XT
M444`%%%%`!1110`4444`%9.NZ_H7A?2KK7?$VMZ1X=T2Q\C[;K&NZE9Z1I5G
M]IN8;.V^U:AJ$UO:6_VB[N+>U@\Z9/-N9X8(]TLJ*Q-KVAV]AJVJSZSI4.EZ
M"+]M<U&74;..PT8:5$UQJAU6\>9;?3AIL"M-?F\DA%G$K27'EH"P_)#]JZR^
M*7[;?@70?A-X9TFQ\!2^/[_^VOASX8\8QZK(/[+\.+:>*YOC'\79M,T,^(O#
MW@]O#CI\/?"6D^#A?:)<?$WQJD>M^-]4M].T73KR9-I>ZN9O9=-TKOR5[OJ;
M4:+J2]Y\E--<\W]E--Z+=NRZ)V6KT/UN\/\`B#0/%FA:-XH\*ZYI'B;PSXBT
MNQUOP_XB\/ZE9:SH6NZ+JEM%>Z9J^C:OIT]SI^J:7J-G-#=V-_97$]I=VTL4
M]O+)%(KG7KSSX1?#;1O@U\*/AC\(?#EUJ%]X?^%?P^\&?#G0[[5GAEU2]TCP
M3X<TWPUIMWJ4EM#;6TFH7-GID,UX]O;V\#7#R&&"&,K&OH=5_7];F3M=V=U=
MV?==&%%%%`@HHHH`****`"BBLO6]9TSPYHNK^(=;OK73-&T'2]0UG5]2OKFW
MLK+3],TNTEOK^^O+R[E@M+2UM+2"6>XN;J>&W@AC>6:6.-&<`)7=EN]$87BO
MXB?#_P`!W'A>S\<>.?!W@R[\<>)-/\&^"[7Q7XFT7P[<>+_%^K2"+2O"OA>#
M5[VSE\0>)-3E(CT_0])6[U.]D(2VM9&.*N6?C3P=J/B74_!FG^+/#5]XPT2V
MCO=9\*6>NZ7<^)=(LYDM)(;O4]"ANGU2PMI4O[%XY[NUBB=+VT97(N82_P#/
M5;_M7>*/VG?CM\,?VBK_`,+:+X0T76_!WB'P?^QE\,OBQ<WWA6;X3WEAX\\"
MVOQ>_:>^/[:%Y&M^*(;KXJ:#\/?#GPW^'>@^(8?A_K/@/X;_`!$O-9\7>&O&
M<]S:0_>_P-_97TJW^,GP7^+_`(+\-:[X)LOAA_PN35/'GB[Q\==A^('QN\2?
M%:SO-/U25/!C0R>`_!_AS6/&%YKGQ*GU/PKJ`GMH=-\%:'H>EVOA[Q)K=OIB
M?2S3UU\N_7UU[IKLWV2PJI1E[:4J=2,9>[:$HN:YFH\T9[.RB[)M2EMRQDU^
MH=%%>5^+?CI\$O`-W+I_COXQ?"OP5?P1+//9>+?B%X2\.7<,+7<M@LTMMK&K
MV<T<37T$]DLCH$-W#+;@F:-T4;2W:7J['(DV[)-OLDV_P.X\1>)_#?A#2SK?
MBSQ#H?A?1AJ&BZ0=7\1:M8:+I@U7Q)K6G^&_#NF&_P!2N+:U&H:_XBU;2M!T
M6R\W[3JFM:EI^EV,<]]>6\$FM;W%O=V\%U:SPW-K<PQ7%M<V\J36]Q;S(LD,
M\$T;-'+#+&RR12QLR2(RNC%2"?RD^.O[5/[/'[1OQH^$?[*O@_XR?#75]&\/
M_$OP9\=OC5XGTCXA>!=6T&P\+_`^]\)?%SP#X4_M/1O$&H76BZQXT^)K?#R]
ML[C4AH<=]X<\)^-;.RN;QI$CE_1;PW\5OA!K-_IWA/PG\3?AWK>KM`;;3/#^
MB>./#NL:Q/#I]I+,Z6VGVFJW6H77V6RL[B>9ECE=(+:>>5MD4KJN:-[-I>3:
M3=[6MK=WOVUTM<N5*<(IRC)77-L](]+NUD]&[;I;VZ^ET4451F%%%%`!1110
M`4444`%%%%`!1110!\2?\%(?V?/B7^UC^PK^U)^S+\(9O`UEX_\`CS\&_&OP
MLT#5?B1XAU_PSX.T6X\8:-=:3_;.KZEX8\&>/-::'3C.L_V.R\.SR784Q?:+
M;B2H?VA_@3\3-1_8[^,7P[_91\'?`CX-?'KQUX9M[C2M-AT_3;;X7S^*_P"T
M=(EUZSU#7;;X9&22YUCP[9:GX>T3QWJ'PSOK_P`/ZG=Z5XB/AV9M)2TK[AHH
M`_GPL_\`@F]\>]6UK]J5OBA\#/@KKO@3]H/]JKX'?M)>&T\`_M@?'?1OV@_@
M=K/@+]C/PQ\"[_Q[\)?CE<_"[PWXI@^/?A3XG^"=-U6V^(.K^+K*'XE^#?'?
MQ*M/$T6DQ7+:%XIN^)/V6?VY_P!FVU^*_P`6=:\;?"[]IO1OBI_P3-\,?LZ?
MM1>.OB5\0=8\!?$'P+XO_9FL?VDO%/A7XD>`H/#OP:U+0/BAHOB/PY\=?$>A
M>*-"OK/X17NO^.-%L/'%Q=^'K+Q'JFFZ!_0%5+4=-T[5[*YTS5K"RU33;R,P
MWFGZC:P7ME=0D@F*YM+F.6">,D`E)8V4D`XR!0!_,[!^Q1^U7\;OV5=-\1?L
M_6/P3\0^%?VT_P#@WN^!7[".HWWQ(^(GBKP1JGPQ\<:'\*_C3K7A/Q;::=H'
MPZ\<VOC?P_XUA_:5ET>>,:GX9G\)W'A1M9G?7;:^ATI_:?B%^PI_P4`\:_$K
M1]=U73/V9O$FB?#+]JK]A?\`:#^$^HS_`!K^)/A>VTOP1\$/!/PE\+_%?X5W
M'@71/@))HVI^,[;Q7X6\?^+=._:$\576O>-_%_@>^\'?#&'0O"GAZUL=%\`_
MOOIFE:9HEA;Z7HVFV&D:99JR6FG:99V]A86J/(\KI;V=K'%;P*\LDDC+%&H:
M1W<@LQ)OT`?@AXK_`.">?[6>BZ?_`,+*\)>&?V3_`(J_$7P5_P`%"OVK/VI]
M&^!/Q8\4^)]2^#_QA^!G[3MKX@TS4O`OB;QIJ?P-U/5/A;\9/"D6H:'XC\*^
M)](\#>._#-IKFB76B:G/J&@:_>W-M^LOP'\#>-/AC\$+31I/A=\!OAYX^FF\
M3^)9?A1\&+JY\,_!/P[KGB'6;_5HO#^F>*[/X:Z)J^KJ%N8&\3_$&X^%FF:E
MXH\0RZOXB7P?I4%[;:+9_15%`'YY_P#!,_\`9`U;]C#]C/\`9[^"_COP;\%8
M/CK\*_@KX*^%7CSQU\*'N;_3/']WX*T6STRWU.Y\::Q\.O`OC"]LM0FLHI_L
MVL^'YY=."QA&O6B4U^>T_P#P3$_:4;]F_P""WPP6R^&O@K]HCX-VG[4-Y\(?
MVM_@3^T+\2O!?Q(^!/CKXX_''Q9\3]`40W_P?TO2/C-\!O$&AZIH6F_'7X1>
M.M"DTG6;[P]86FD^'O%G]HP^)?!7]"M%`'XG?&C]@3]I_P"(/Q+_`&Q=<\->
M)/A5:6_Q5^)O_!/C]JGX->.=4\7>*-$EU'X]_L.:Q\*-?L_AG\3OAYIWP[\2
MVVC?#+QGXA^#=EJFI>-=(\5>+=2\/VGB/3(]-\`>(=0T>ZF@3]J3]@?]H/\`
M:9G^-?QDTG2_A-\/_C!\8'_X)H^$;7X=>(?B9XG?P;H_P^_8-_;0U']K[Q)X
MC\3>./"_PIURYUCXB>/KKQ3XA^'OAO3+3P=<Z/H>A:!X8U6Z\4QS:WK>A:/^
MV5%`'Y`_ME_L"_'+]IWXR?M`>,/"WC'X=?#[P[\2/V(OAQ\#?A_XDN-?\4:G
MXKT+XX?"G]H;6OVA/"^J>*?!L'@:WT6^^%.H:RV@>'_$AL?'+^(=1T3^W((]
M!A-Q`3]0_"WX)_$SQ!^U"W[7GQB\.^#_`(<^,+?]F;2/V=;+X?>"?&=_\0K6
M5[KXAR_$GQKX@U7Q=>>$O`ZW^DVNMV6D:5\.;7^P(=2CTB;Q'K>MPZ)J/B23
MPSH_V[10`4444`%%%%`!156]O;+3+*[U'4;NUT_3]/M;B]O[^]N(K2RLK*TB
M>>ZN[NZG>."VM;:".2:XN)I$BAB1Y)'5%+#XQO\`]HGXO?$OXAS^"/V:OACH
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MJ:AXX\+)=>)]6T+3_#WB*UO9TU?3_K?4O@3+JMD_B/\`:.^/_P`0/%=OIVFW
MHU#2O"WC#6?V</@_I]K$\MQ>7L_A_P"''B?2O$VM6MQHMK'%K]E\4OB;\1/#
M\FW5[O3=+T'3;YM+M/Y[?@'^TW^SAXU\?_&[X]^++;3_``+^SKIE\WA#X>1_
M"KX;>*$^'GACX*^*?B#'\/%\(^&M<\!>`[H^!=+_`&ATT7X?>*OB_P"+M7C_
M`+4FU;3]>\"Z/>_#U?'>M:<M)2=WRNRLK*[DY._*K14MWNEJTI6=VCKPM.,I
M.2A.M*GRSCRVC!-3C9R4N5S6NL6HQL_?]V]OOOP_^S]^T_\`M`_"SX,?#SX,
M_$2V_9Z^`O@NXGL/CEXKUVQT3Q'XQ_:L\?+K6AZ_\1_B;:Z%X?/B#3SH_B/X
M@:/XBFDUQ/C'=V7CE_$FNSV[ZAX4LM)O/$WZ[?"_X,?#KX06NJKX)\/16.J^
M))+*Z\7>)KZ^U?7_`!7XNU&RCG$5_P")?%7B74M:\3:W.+F]U/4%_M76+W9J
M6L:SJ.YM0UC4[J[^%_!7[3EG/^S</BU\*/&7P$^!'P5\/:9X\T_X4Z/\0_#^
MO>-[OXAZ!X!U74?#FF^)='FC^*?PDU^Q_P"$D\1:=<Z8=`U/POK/BC4-4?[9
M_:NJ7&M6D]Q[!\&_VZ?@_P".OA=\-O%'Q$U6?X5?$?Q1X%\'Z[XS^&?B?PMX
M_P!$U?PEXOUGPS8:MXF\,6EOXE\)Z-J.N6GAO5Y=3T8ZU8V4UA=2:7<LLP>*
M9(UNE)I*UE>R3NTM]$V_\2NMM$T@KNO-SBH-052?-"G>3YVXW=24>93G?E3;
MDTI:*VQ]MUAW_B?PWI>M:%X;U/Q#H>G>(O%/]IGPSH-_JUA::UXB&BVJWVLG
M0M+N+B.^U?\`LFR=+S4_[/@N/L%JZW%UY43!S\G_`!9_;$T[PK\/?$OBSX/_
M``O^)/QQ\1>'](U'78_#-EX!^*W@G1;_`$W2K"YU"\N!\0M9^&%_X5MR(K9E
MM8/.GN=0D\V+3X;F:"2(?F5^QQ\;=)_;-^*7Q0_X*"?M,_$_Q)\!M/\`V0_B
M9XQ^&7PP_9[M_&YT'X;^"O!EGX$'A'QUXQ^)=SJ.FZ?J/Q-\1^)/BG?_`!#\
M(KJ>E:?X3LK;Q#\*(/`SZ;KMSX?O]/-6DX.<;.,6DVVK:V=M[ZQ;::36CWLT
M91P]1TW5E&2@FX:6<^=I*,>2_,DY2CJTDTTDVVD?T`T5X#^SQ\7/'7QF\*:_
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MM[.UN;N>2:9$AMK>>>1EBAD=?,/VC_BGK'P1^!/Q4^+/A_PCJ7CS7/`7@[5?
M$&D^$M*T[7-5O-:O[6-5M;<V/AO2]8UJ2SBED6ZU*6SL)/LNFV]W=W,]C:03
MWUM\1>#=9^"GQZM)F^-_QD^(W[3.O6^H0:?=Z'\+OA/^TU\+?@=I5K/&(X=)
ME^$_@F\\4:?XA@U:QN%'BBY^+7C#XD+?M?ZGIUF_A_PIJ+>%8!Z*^F]M?2_R
M_P"#HG9VN-.4H\]I."?*W&+D[Z:66BT>CDTG9VO8^L=+_:@\,>-Y;*+X.>!?
MBA\7K2_GF@A\5Z)X2E\%?#8PJ+A;?6-+^)'Q9N?`'A7X@:#<3VMRINO@]>_$
MS4H[6WGU$:1+8K%--^)_[:WQQ_:+_;)_:,OOV"?A3;Q6O@C1=>\*/\?-#\$^
M,K'Q!8^(;;3-*77]9^#?C/Q!IWA3PWXF\*:1/>^)_AY<_%[Q-INOWW@KP]H5
MAXH\'V5Y\1?&;Q_"OQ7]8_MM_M.?'KX5?`:'X8_L/_LG_$JT\4>*]:L/AA\/
M?&'A7X&?$2'2_@7H6M:3JU]XG^+6B_"]OA5I6FW5[X$\+V7B6]\->&[R]TBP
MU7Q4=&TTPZ]<ZG:^$_$/;?\`!,[X4_L]?#OP78Z_-\0M/^*'[:WQ$3Q!XS_:
M3\:_$58?#OQ_O?B?XM?1M7^)6@ZQ\.-:-EXE^'7A[PUJEEIFAZ5X,LM$TS0M
M%T?2--:PA-M=_:+FH+E2J2DGS)QA#9*2Y5[3:]M6HWEK+9>ZV=M%QPRJ594%
M-N#C2Y[3E"3:E"<N65H22B_LQDM==;GM?[#_`.QIH7[*7@2/3O'NO:)\6/VB
M?%4^J:EX[^-&L+J>J>-O%^D:1JXB\,Z5;ZKXPU37/$EMX9\&:/>:'8P:-I]W
M9^'['6;RZU9-.BU?7;W4-2^]L@=37S#^TUX$M+WP_'\:1XL^,&A:S\`?"OCW
MQQI'A_X4^-]3\*0^.3866C^*Y?#?BK2]/T?7X?%MG?77@?3K*ST;4]#UW3Y$
MO]1M[C0=86^-HWD/Q3^'OC\?`?Q]\1_C?\;_`(I6>N6/PSUS7(O"?@#Q=<?!
M3PI\,_$5WHD@A:+Q#\&M0T#Q[XGG\-2-:Q7][XE^).N>%]0U2UU37]+T?P]I
MU_8:=H<.3U;N[*]^Z5K[==[*R5E9'+9UIJ<ZBYJD[--/FYI2T45:UM4]6DO-
MZ'WM'<VTI817$$I5WB81RQN5DC=HY(V"L<.DB/&Z'#*Z,C`,I`_,OQAXI\"_
MLA_$S]H":Q\`7WQ/U_XO#X7^/_#7PJ\(V.DGQ=\0OB%XW\:?'K4?&%IHT/B/
M41I]U?Z1X.\&ZCXVU&:YO[&T?1/"&KR6=E!>Q1Q7OJ7_``3I@UZY_99\'>(/
M%7B;Q=XQUC6_%7Q:GM/$/C;Q3XI\7ZS?^%['XP>/M-\%7+:UXLUO7-2U.VN?
M"EMI-WI^K37<MUJFF3V-S>7>HW`.H7'SE^RS>W7[9_[6WQH_:B\7>&K[3/AK
M^SQK>H_L]?`339VOV\-^/=?\/:Q\4#J7QV,6H6^C3ZA<3_##XHVGA[PE!+H=
M]H&F:9X[\6W&G>(=>U&\*^&XE:7(TM=7&]](M6E=+2_*^NE]+ZJ]PBJ<JZDW
M*G"T9V?)S2C47(EJI:N+5XVE%7DDK-KZ[_97_9;\-_!+X7:/:^-/"GPSUKXU
M^)GU/Q;\:/'OA_PEH\+^+/B#XK\3>(?&^O$:O)HVFZAJNC:!KGBS5](\+23Z
M=HEI;:'!;1Z1X8\)Z:UOX<TWZRMK2ULXUAM+:WM84`"Q6T,<$:A5"*%CB55`
M5550```H`'``K\9OV;?^"K"?$O\`:]^*/[*'Q5TWPYX6\;?#KP5X!\0^(O`_
MASP/\4YO'/P[\1^*_!?ASQ3KOA;Q7.T/B#3?$UIX7U;Q`G@]_%NC:;H&BZC?
M)INII]G3Q!I>F/\`HIXZ_:8\'>#=!U;7+?PQ\5=>BTG3+_5)WLO@I\</[*^S
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M+3ON"AZ=GYIW7]>3LULTFF@::=FK/3L]U?=7379IM-:IM684444""BBB@`HH
MHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`/#/V
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MX5U+PKKOA75_#OAG4[O_`(1E]"GN(=6MK^QU"];7M.L[S3(#<^'M21HQ;?H!
MHOPY\$:%\/-)^%%GX7T%_AWHWA#3_`5IX/GT32&\--X1TW2(=!MO#\WA^*QA
MT,Z/_9,"6#Z5%IT6F?9,VL=G';8A';455]+=+MVZ7=DWZNR"=6I-)2E=1U6B
M5OFDGIT6RUM:[/GGPO\`LD_LN>"==?Q-X0_9S^!7AC7FU+^V(]6\/_"'X=Z+
MJ-MJIDFFDU&UO]+\-VEY!?37%Q<7,UVLYN9+FXGF:7?*Y;Z&HHH,[M[MOU=P
M_P`_YZ5_,+^T+^R_\5_AK^T5^WCKWPIU+X.WWPS\)_#SPS^U_P",4\2>&]?M
MO&VE^,;WXC?M0?M+_#_PYI2Z3?Z;H>LW/B7X]Z1XBT[QOK#'39+'X;:IX;U"
MTU2_\:Q:Y+!_1I\7/B+;?"?X<>*_'\^C:GXFN-!T^,:)X3T.,R:YXR\5ZM>6
MVB>#O!6B+Y<D:ZSXR\5:EHWAC29;@+9PZAJMO->RP6<<\T?YIKH^M>(]%L_@
MOXN\&^((?BS^WO\`$:[^.WQBDN;*;4H_@U\(])U;PE?>&/A=\7I[<H-(NKWX
M!_#FY^"&@1:=%HVCZGXZ\/>*ELKF[U-M9\3ZFU*UUO=*Z=[;IJ]KVU5T[-JV
MVYW8*4J;G/11FE3<FHNRC.%6I*TM/<IQDU>Z<W!6D[(]?O/^"C'@?X>SZ7X;
M_:,^$7Q5^`OQ#OK".4>&=2E^'7Q$TC6;^UC>+7F\)>)_ACX\\4I>:%I^H6FH
MPV&H>,M+\!:SJ=E:1WDGAK3KBY33T]$\1K\2?VJ-#T[PI-\-;KX5?`_6M5\'
M>)-?\4^-_$_A75?B!XTT;PSX@T;QG#X>\->`O`VJ>+_#>G^%O&K66DZ9?^(?
M&?C5=771U\6Z'J7PK07>C:S<?9]%19W=VFFK)6LUWUOK?;9;ORMR\\5RN$'&
M:UYG+F2:V<8V5K:?$YZH_-']LKX<>$?'7Q+\&^$/AUX'\>3_`+2/BOPAX@U[
M_A*?A'XX\#?`K4K+X?>'=2\/^&H-?^*'Q>UOPIXI\33^%/"_BOQ3H+:;H_@[
MPWX\\6:1#<:SKNB>#-6N;*VTW4^T^`7[.7[6_P`)7DD\7?M=:!\4+2\V2/I'
MC?X7?$SQ3?:2AL#"+"V\6:G^TE;Q:M):W2V[R:V?!VAC5?*N[C^P-(DU!(=.
M]J_9]^%GC/P;/\1O'_Q7U/3==^*_Q5U[1+G7+_3V-Q#HOA'P9X;L?#?@_P`$
MV-ZMMIUK/HVG7J^*_&D-OI^AZ%96VN_$+Q(SV-UJ5QJ.M:M](5,8I^\U9R=[
M;-)6Y;V>Z25]=VUM8TG7FH*@I*4(+ENUSW=[RY7).T;_``\JCHD[ZA1116AS
MA6!?^%/"^J:G9:WJ?AO0-1UG37@ET[5[_1].O-3L)+5Y);62RO[BVDNK5[:2
M:62!X)8VA>61XRK.Q._10%VMG;I\NP5RGCGP9HGQ#\)ZYX*\21-<:#XBLQI^
MK6RQVDHNK)IHI9[2:&_M;VSGMKI8OL]W!<VD\,]M++"Z8?(ZNBC<:;336C3N
MGV:,3PSX>TOPCX;\/^%-#MX[31?#&B:5X>T>TBAM[>*UTO1;"WTW3[>."S@M
MK2%(;2VBC2*UMK>WC50D$$486-=H``8```Z`#`'X"EHHV%N<]I_A+PII.NZY
MXITKPQX>TSQ-XG6Q7Q+XCT_1=-L]=\0KI<'V73%US5[:VCU#5ETZV`M[$7]Q
M<"T@'DVXCC^6NAHHH#^ONV/SX^#_`.QAK/[(OBGQ[K_[+OBJWU+P+\2==U3Q
M+K_[/WQ1U*Z\-_#SPYKVI7SR6U[\(]8^'GAY]'^&FF:3I9L]"DT2]^%'CJ]U
MK0-!\-Z)'XET"WTB*=_N_0+S6+_2;2YU_14\/ZPR,FH:7#J<&LVD%S$[1ROI
M^JPPVC7^FSLIFT^ZN]/TG4)K22%[_2-+O#-8P;%%*VK=WKJUTOHK]^G>VY4I
MN>LK-Z>]U:2LD[:/1;M7\PHHHIDA1110`4444`%%%%`!1110!QGQ!^(_P\^$
MOA#7/B%\5?'G@SX9>`?#-E-J7B3QQ\0?%&A^#/"'A_3K=&EGO]<\2^([[3=%
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M'CFX\81^&-?UZT>TNDN=(TK5+O4('MKA9;=##(%ZRS_:T_96U#3_`(F:M8?M
M,?L^WVE_!72-%\0?&34K/XS?#FYT_P"$N@>);76+WP[KGQ,O(?$CV_@/2-?L
MO#OB"[T74O%,FE66JVNAZQ<6,\\6F7KP?PG?M%^=_P`0EW_!)[[/Y?G_`/#6
M_P`(O(\[=Y/G?\+<_:5\OS=GS^7OV[]GS;<[><5_7IJ]SXAM?V<?VG=$_:0B
M^&Y_:S\=?`3]LFY\1P>!K>^N+/5OV;OAQ\6_CW:?L_Q7+:HDE]%H.E^`?BWH
MJ:9;ZYY,NHZYKWC4V"78L-8^Q@'V[X*_:(_9_P#B5\)[WX]?#KXY_!WQ]\#-
M-T[Q+K&H_&?P5\3?!7BKX3V&D^#!>GQAJE[\1="UN_\`"%KIWA0:;J)\2WL^
ML1VVA#3[W^U);7[+/Y?EEU^WW^PG9?##3?C=>_MJ?LE6GP7UG7+CPSH_Q=NO
MVCO@[;_##5?$EH\\=UX>TWQ]+XR3PI?:Y;26US'<:3:ZM+?PO;SK);JT4@7^
M5?\`93^"'QA_8V^/'_!8O_@CNGA#5[C]CV/P_P"(/^"A7P6\6`PMX>\&_`7Q
MCX9\6W<?PDM5OKNYADA\3?$OPI\/?AM)HB:2EGK&@_#+X^ZE+:0SZ]8ZE:?G
M3\7O^5)']EK_`++OXA_];K_:,H`_O^T#]J+]F;Q7X:^(?C/PM^T3\"O$O@_X
M133VWQ8\5Z!\7/`&L>&OAA<6L,MQ<V_Q#UW3O$%SI?@J:W@AFFGB\276F210
MQ2R2*J1LPYGP-^VO^QI\3[GP'9?#7]K;]F3XAWGQ3U/5-$^&-IX&^/7PK\6W
M/Q&UG1(=5N-:TCP'!H'BO4)?%^IZ1;Z%K<^J6'A]-1NK"'1]5ENXHDT^[:'^
M9GX;ZU/X'_X+0?\`!</X=?&73KGQC^T=\3O^">__``L#1_B?\&VF\/\`[/VE
M?`CPG\*O!VA>&_"/CSX2Z@OB3Q3X-^-4T]_I-Y-XO\1_%/QUI?B&T%ZGANQ\
M&6.M6FF:GW?_``;7W_BS2/\`@E9^PGK'QO\`^%;Q_LRV=EXXL/@-=1Q:E)XW
MM?VG/%O_``4-^/O@8_\`"0&<&"&]U`^*/"FC>`)?#V,:1J?CY/$!&GR75`']
M!]Q^W]^PA::IXMT.Z_;7_9(MM:\`Z]IGA;QWI%Q^TA\'(=4\%>)];O[G2M&\
M.>+=/D\9+=^'->U?4[.\T[3-(UB&SU"_O[6YL[2WEN()8U]F\>?&SX1?#"U\
M.WGC_P"(WA#PM%XO^U'PC%J>MV:7OBM-/L4U74IO#.G122ZAK]MI6DR+K&KW
M.DVMY;Z3H^[5M1EMM.1[E?\`/R_:L^)GQC^&_P`0?^#LV+X>_!K3OBC\-_'_
M`,7OV+/AM^T1XICUB6X\8?!#X1>,-)_:"TK6OBWX.^&;Z/%IOQ-O=`$SPO;7
MWQ!\`IX1U&ZT7Q9=3:KH.GZ_-HW[5^)/V9OBGXT^&?\`P3.^,O\`P1+_`&Z_
M"5U\?/V4O^"?6A>$_AUX%_:+LHM4\$?M<?LA>-+OP)IFHKXH%O;SW?A/Q)9>
M.OA+X>T_QEIMCI<4'ACQ/)X&T'4?$'PRO-#T74+\`_J)\$^._!/Q*\,Z?XT^
M'7B_PSX\\'ZM)J,.E>*_!VNZ9XE\.:I)H^J7NB:JNG:WHUU>:;??V?K&FZAI
M=X;6YE6"_LKJUD*S02(OAOB[]M3]D7P%XH\5^#/&?[2WP2\,^)/`-WH^G_$3
M3M8^)'A:R'PVU#Q%Y8\.Z?\`$N]EU(:?\.[_`,1M-`GAZR\:W>A76NR7%M'I
M,5X]Q"LGQI_P36_:$^+?[2O_``3T\7>/(?V=]#_9=_:4T;Q]^V!X#\5_"C1[
MNWU+P%:_M3>$OB_\3;/XE>)/#&J:K<WME?\`A_Q3\=I?$NLZLUYJ&J:?8>);
MCQ+H\FL:U9Z;_:U[^,'_``1,'P\L?^#<_P#;43]H!+<>*[>^_P""B4/[:\/Q
M'DE'BA_B4ND>)H?&-O\`%=]8E36#XOE\&_\`",0ZE_:\RZN\S6X,@O2#0!_4
M;\3/VJ/V8?@KX@\%^$_C)^T?\!OA+XI^)#F/X>>&OB9\7_A[X#\0>/7$EI$4
M\%Z-XI\1:5J/BEQ+?V,970[:^/F7MHF-UQ"'ZWX;?&KX-_&5?%#_``@^+7PR
M^*R>"->'A;QH_P`-O'GA;QROA#Q.VG66L#PYXH;PQJNJ#0->.D:EIVJ#2-5-
MIJ!TZ_LKX6_V:Z@ED_@!\`67[36G?LS?\&C%I\7;>>'XIQ?M@?%1_AK;?$Q]
M92Y3X6S?$WP'/\"XO$YB$VJV^@CX<R>&5\+Q649EM?A__P`(O#%`LL30K_=Q
M^RYX8^)NE?#:#Q+\?-#\':;^T1XLU+Q$WQ@U+P)`T7AK7;_0_&7BO3_"<^B3
MSQ0:EJ7AO3_!KZ-IG@W4/$47_"5'P9;>'[#Q#(+VP^SVP!RUI_P4$_8*U#4/
M#FDV'[;O[(=[JOC'P[+XP\(Z9:?M)_!FYU#Q3X2@@NKF;Q1X<LH?&CW.N>'8
M;:QO;B76],CNM,C@L[J5[H1V\K)T5K^VI^QO?>+O`7P_LOVM/V9KSQY\5?"&
MC_$'X7^";7X\?"RX\7?$CP%XBTB;Q#X?\;^`O#<7BI]9\8>$-=T"VN-<T?Q+
MX>LM1T;4](@FU*RO9[*)YU_`S]H7P_HGA/\`X.B/^"5?A;PSI-AH/AOPU_P3
MI^./A_P_H>E6T5EI>C:)HVF_'?3M)TG3;.!4@M+#3K"VM[.SMH46*"WACBC5
M40`<O^UMX?UCPG_P<U_\$L_"WP:TGP1H+>&O^"=WQH\/^%-#UNVU"R\':-X=
MT:T^.FG6NDVUGX>5+FTM=.T>VCL]*MK1%MX%A@B*K"F``?T(:1^W'^Q3X@TG
MXFZ]H/[8/[+>MZ'\%&N5^,NLZ1^T#\)M2TGX2M93W5K>+\3=1L_%LUGX#:TN
MK*\MKD>*IM*,$]I=0R[)+>54VO`/[8'[)7Q6UGP9X<^%W[4?[.GQ)\0_$?3]
M6U;X>:#X!^-OPT\8ZSX\TO0+.74==U+P9I?AWQ-J-]XHT_1=/@GOM6O-#@OK
M?3;.&6ZO)(8(W<?R"_L:?VO_`,,:_P#!XY_;_P#9W]O?\+X_X*F?VW_8_P!I
M_LC^U_\`A5?[07]I?V7]M_TS^SOMGG?8?M?^D_9O*\_][OK]1_\`@@]?^+-&
M_P""?O["6L_M!GX;)\++;X(_LUZ5^QK-I<6IS^+5^+_B[_AI?P=\3(;FWO0]
MQ-XSN/`VOV4=Z=`BET6Q^'?]K:Q=_9X=,\0WMJ`?OO\`$;XO?##X16>DWOQ+
M\=>&_!J>(+^72O#EMK6I0P:IXEU.WM)M1N].\-:*ADU?Q%?V.EVUWJ]_9Z+8
MWUQ8:/97^KWD<&FV-W=0^6^,?VTOV.OAUX+T;XD_$+]J_P#9L\!_#KQ'KC^&
M?#GC_P`:_'/X8^%?!/B'Q'%;-=RZ#H'BS7O%%AH.M:Q%;1RS2Z=IFH75W&D,
MY>)3!,$_,#_@JQ^SI^T_\8_VA_V8_BK_`,$\OVJO!/P0_;\_9J^&'QL\5>"/
M@Y\7+`ZI\*_VB/@/X]U[X8Z-\5?#VLQ&QUAM*FTKQ)X;^'UA/J]OI#HEUXF\
M.K>ZOX9N(M&\4:)^#?\`P5+_`&@OB-^TK_P1`\->/?C/^S9H?[+WQQ^&_P#P
M6)\/_#S]J#P-X*N;G4/AJOQF^'_BCQWH'Q.^)/A;59;W5[.+POXJ\6ZC'_:.
MHQZ_KNG2^-)-;1O%'B._NI-:U(`_MJN/CA\%;37]-\*7?Q?^%UKXIUGPI?\`
MCS2/#5Q\0/"<.OZKX'TI+>74_&6FZ/)JRZC?>%--CN[62_\`$5K;2Z19I<V[
MW%Y&LT9;S#X:?MO?L7?&C5]*\/\`P=_:]_9?^+&O:]-K=OH>B?#3X_?"CQWJ
M^LW'AJ"TNO$<&E:;X6\6:K>ZC-X?M;^QN=;BLX9GTJ"]M)K]8([B%GZ;6IH[
MK]J#X;06S>?+H?P%^-LVLI"&D_LJ/Q3\0OV?T\--J+("MG_PD#>#O%@T87!C
M;4O^$:UXV8F&E7Q@_BJ_X(@?\$\O&'[>O[+?P`\2:G\1=$^%?PE_8O\`^"QW
MQV_:GN;_`,-0ZQJ/QD^(?C?P99?#.3P[X$T;41%HVC_#GP?<74*S^)]?@U+Q
M5K6M0"WMM/TG0;JP@U1P#^Q2X_X*"?L%6D7CR>Z_;=_9#MH?A7J+:/\`$^:X
M_:3^#,,7PXU=+R?3GTOQY))XT5/"&HIJ%K<V+6/B$Z=<K>6\]L8A/#(B]?X]
M_;#_`&1_A5X^7X4_%#]J7]G+X;_%%M!N/%*_#;Q[\;OAGX/\?-X8M+>^NKKQ
M&O@[Q#XGT[Q$=!MK72]2N;C5QIW]GPV^G7TTEPL=I<-'_+5_P2YTKXB^(/\`
M@IQ_P7&\-K;_``SO/V8/$/\`P4:\9Z-^V/8^/'NXKN]^"FI?`/\`;1L;>TLY
M97B\/1:!<?$>Y\`1>+WUB6(IH+WC12)`MTPPOVWOC9\3XO\`@O\`_L&?'/\`
M95^$>J?M`^/H/^":_P"TKXY^$OPP^(/CVT^'8^*<$OACXY^(=$M]"UZST;QI
M<Z+'KVG74)\->'_$6C:)J=[K#Q:/KDOA*.Z?5[--ZI=[_*RO^HTKINZTMIZ_
MU_G8_9/_`(*7?\%"/A?\&?A1^S7\8?!WQ&^#WCWX0^-?'VL^*_"?BD_&;P9X
M8^#GQ8^(_P`.[>R?X-_#K4?CE<7UY\-?#7AK4/BGJFE^-M:\0ZQK=GI=E;_"
MR]74-7T728-<UK2OKKX%^-_!7A7P?\-?CI^U#\2OA1X+^//[5%OX3.DZ/X@^
M)/@*'0=`U.?0;[5O#W[.WP-U0>*-0T?QO%\/]/UG7[?4=<\&:KK%[\2_$=WX
MO^("1V&AZYI7AKPY_*'_`,$@_P!ASX>_\%*?^"-?[7/P+L/'?CS3]5^-OQ-^
M+/B+X@^"KKQSIGAWP=\$/VO-3GT7Q+INBW_P(F\+ZMJ'@WP)X"\0^$/AWK?A
M^ZA\2ZYK?C?1+O4+P_\`"%ZS<:KX>\*_J'_P;_?$CXR?MB?LQ_!?5_VA(?B)
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MK7?C+^SW_P`'+O@+PQ\0/$/PX\5>)/\`@MKJWASP7XCT'Q[I_P`/GB^)'BG]
MKS3_``[\)_MVLZO+8:7>6O\`PM74O!0ET>^UGPZNKPO/I]MKFFW]S:3IT/[5
M/[4G_!5V;]C3_@H5^R9^UM\*O`/B#]L'PO\`\$Z=/^(WPG_;;_9[%]IMY\5O
MV5+[]HCX*^&/VB/AU\3-(T.&WT^R^($_P[U?QGK<,&G:=X:T^"VTKQROA[0[
MJQU:\\1:_7,N;E>CM=7O9K39VL[-V:O=:75FC+V<G&,XVDFVFHM.47T3BGS)
M233C*W+)W2;<9)?V7^&?VTOV1O&>OZ)X9\)_M*_!+Q%JWBGQ;J'@#P@ND?$?
MPM?:=XU\?Z.]W'K/@+P1KD&I/H?C3QSHDVG:I;ZWX/\`"VHZMXCT>YTC6;;4
M],M;C2-3CM9O'7[9W['OPO\`'.I?"_XF?M7_`+-7P[^)>C>'+KQAJ_P\\=?'
M7X7^$?'.E>$K*&ZN+WQ3J7A+7_%.GZ_8^'+2WLKR>ZUNZT^+3+>&TNI9;I$M
MY63^*W_@H9^W3^Q9XM_X-J_@!^SC^S_K[:A\9O#OPN_8=TSX2Z3X8\,^/M!U
MWP-\8/AYXK^#E[XHUO0==N?#FDVU]X\N+-/B-9W5[H6JWNIW>K:KK.H17-S=
MNUT_R;^TO_P6\\#?"G_@JO\`LI_MM?#>'3OVI/BC\,O^".WAS]F_XG:!K*^/
M_AIHMQ^U6GBCXQ:Y\0M'U'4/$'P_N-7UK3],O]974C=Z+IC^'O%#WD>DVGC/
M2FDN]5TZTG)QBHR<I6Y8\KYI<UN7E5KN]U:R=V[;E.A65KTY*_+:Z_G;4/\`
MP.WNK[2LU=--_P"@9XU_;#_9'^&WPU\*?&?XB_M3?LY>`?@]X\N!:>!_BOXU
M^-_PS\*_#7QG=LMRZVOA3QUKOB>P\+^(K@I97CB'2-5O)"MI<L%Q!*4])N_B
M_P#":PN_A]87WQ0^'=E??%J4P?"JRN_&WAJVN_B9.NF2:TT/P^MIM32;QG*N
MCQ2ZL8_#B:DXTR.2_(^RHTH_@_\`^"7/QV_X)4?M2?\`!*[2_P#@C-XD^,?Q
M$F^+_P"V-<^.=?\`$$?BOX,^(H-'^#/[4OC/48_$WAVU^&JZ$FN>&]-\&_#W
MQ?X8\,ZWX7C.NPP^([)M2O-?U'PU=>)=5\-:1^T__!N/\8/CW^US^P]\-_BW
M\:_%VC>(?'O[*.M^-_V*-!O;V+6O$2^*O#/P[N_#>I:YXZNKNZOO#]Q8^.O%
M'AB3X;>`(]<U"'7I+:R^'NJ^)[N&XO?B1KFAZ1+;3M9WT=FK-IJZDKVO%[)K
M1ZV>@.E."@YKDC4CS0D]8RVTNKZZJZWC=<R1^]GQ8_:=_9K^`NM>#O#?QS_:
M%^!WP8\1?$2_CTOX?Z#\6/BSX"^'6M>.M3ENX+"+3O!VE^,-?T>^\3W\E]=6
MME'::)!?7#W=S!;K&9IHT;>\!_'3X)?%/P'?_%3X8_&+X6?$;X8:4VM)JGQ'
M\!_$'PEXO\!Z:_AN)I_$2W_B_P`/ZOJ/AZS;085:;6EN-1C.EQ*TE\($!-?S
MG_\`!Q3'J<W[0_\`P0,BT2\L-/UF7_@KS^SU'I%_JNG7&L:98ZF_CCP&MA>:
MCI%IJNAW6J6%M=&*:\TZVUO1[B^MTDMH=5T^25;N'^<O]K#6/C1I/[#O_!Q#
M\%_`^@^-+_\`:#\+?\%%_AQ\2/V]/B7\)]4N;C]G?QG\'_'?CSXCR1VOPA\'
MZ?I5MK_PLM-`US2_#*?%[P7XK\2?$3Q%+X>&I77BCQ[KFA:%K=OHK,C_`$)O
MAU^V)^RG\7-?\.>%_AE^T3\'?'.O>-=.U;6?`6F^&_'_`(<U.7XCZ)H$OD:_
MKOPS>"_:#XD:%H$S11Z]K?@:77]*T5KJR&IW=K]OL_/]SUOQ3X9\-3^'[;Q%
MX@T70KCQ9KT/A;PO!K&IV>FR^(?$USIVI:O;^']%2\FA;4]:N-+T;5M0@TRS
M$UY-::;>SQPM';2LO\L?_!QK!:WG[!'_``3*LOV)+>WN_CM+^V[^RA<?L!1>
M`O//BN%K#X6>/+SPK?>#%TMTU9/!MEX=B\+R^(+G#>'K.`^'+C6C%<QZ-/%T
M/_!Q9I/[3/Q&^#)_:$_9;TCXA2:U_P`$H?C)\)_VK=*UKPUJ7@)/`^L>/?!F
MGWGB;XMVGCG1M3\>Z=XYU>T^%GP?\3^#?%&GOX<\)7%A>Z=X@^*7A/4I]6DF
MDM=)`/Z+_C%^TG^SI^SO#X=N/V@/C[\%?@9;^+]6BT'PG/\`&+XI^!OAE#XH
MUR99'AT;P[+XUUW1$UO5I4AE>+3M-:YO)%BD9(2$8B3P7^T=^SU\2=(\;:_\
M._CQ\&?'V@_#2^N=,^(^M^"_BAX(\4Z1\/\`4K/[3]KT_P`;:EH>N7]GX4OK
M7['=_:;379K">#[+<^;&OD2[?Y6O^"\O[37A#]L;_@ES_P`$=OVI_A,MK=^'
MOC?_`,%-?V(?B#H6DWFHO%'I.M:I\+/V@SK'@S6]4MK"]>VO_"?BJ#4_"'B&
MZMM-OC:ZEI&H/;VEV(DBE]<_X)#?$&S^*/\`P6U_X+`^._VD=$G_`&=/V\38
M_#'X<O\`LI:+JB:]\.-1_9R^'VA^"M%\-_&_P_\`$*XT[0-2^,'B#7I=,\*7
MT_B"Z\&^!X_#_A3QGH#V.C7$?BJ^L/"H!_0K\,?VU?V-OC9J6@:-\&?VM?V9
M?BWK'BN35XO"^D_#'X\_"SQ[J7B270$CDUV/0+'PKXJU:ZUB314EB?5TTZ*Y
M;34EC:\$(=2?IJO\SWX<032?\&F?P;F\$G6%_:-M_P#@IAH1_9//@TW0^)K_
M`!YD^+'EZ3#\,#I2GQ`WC)O")\7S:='H!74B('DBR8@*_P!(_P"'/_"9?\*]
M\!_\+&^S_P#"P?\`A#/"_P#PG?V3[']D_P"$R_L2Q_X2?[+_`&?_`*!]G_MO
M[=Y'V'_0_+V_9OW.R@#LZ***`"BBB@`HHHH`****`"BBB@`HHHH`Y+QQX!\"
M_$[PQJG@GXD^"O"7Q"\&:Y";;6O"/CCPYH_BSPQK%N>MOJF@:]9ZAI6H0G)S
M%=VDT9_NUB>(_@W\(?&/A_Q!X2\7?"KX;^*O"OBSPAI/P^\4^&?$?@;PQKGA
M_P`2^`M!_MH:'X(\0:+J>EW6FZSX0T8>)/$0TGPUJ-M<Z-IW]OZU]CLH?[4O
MO/\`2**`/D_4?V"OV&=8^&GAOX+:M^QA^R?JGP<\&ZY=^)O"'PFU']G3X/WO
MPT\*>)+\W+7WB'PWX$N?!TOA;0M<O6O+MKO5M+TJUO[@W5R9KAS/+NZ:+]C_
M`/9*@/CDP?LN_LZPGXG^&[#P;\2S%\$OAI&?B'X0TJ>YN=,\*>.=GAD?\);X
M;TZYO;RXL-#U_P#M#2[.>[N9;>UCDGE9_HJB@#SO5?A#\)M=T#6?"FN?"_X=
MZSX7\1^$-/\`A]XA\-ZKX*\-:CH&N^`M(DU.72O!&LZ/=Z9-IVJ>$-,EUO69
M-/\`#5];3Z-92:OJ;VUE$U_=&7PZZ_8$_83O?AAIOP1O?V*_V2KOX+Z-KEQX
MFT?X177[./P=N/AAI7B2[>>2Z\0Z;X!E\&OX4L=<N9+FYDN-6M=)BOYGN)VD
MN&:60M]:T4`>">'_`-E3]E[PEH/Q"\*^%?V;O@)X9\,?%N/R?BMX<\/_``>^
M'FC:#\38?)EM_*^(6CZ=X=MM/\:1_9YYX-GB2WU)?)FEBQLD=3RW@_\`8<_8
MI^'A\$'P!^Q_^RWX&/PS\0'Q9\-SX/\`V?OA-X9/P^\5-/=7+>)O!']B^$K+
M_A%/$!N;Z^N#K.@_8-1,]Y=2FY\RXF9_J2B@#YS\-_L>?LD>#=9^)GB/PA^R
MU^SGX5\0_&K3M4T?XR:]X;^"/PST/6?BUI.MPW]OK.E_$S5-,\,6M]X\T[5[
M?5=4@U2R\4SZK;7\.I7\5W%*EY<+)E>'_P!B/]CGP?H.C>&/!'[+7[/_`,/]
M!\-1W<7A;3?AU\)?`_P^A\)KJ.HZEJ^I'PDW@O1-"F\+2:IJ6L:O>ZK-X?DT
MV;4Y]4U%[][C[;<B7ZAHH`Y_PKX3\*^!?#^F>$_!/AGP_P"#O"NBPO;:-X9\
M*Z-IWA[P_I-O)-+<R6^F:-I%M9Z=80O<3S3O%:VT4;332RE2\CL?$O%W[(/[
M+/C[Q-KWC#QK^SY\(?$_B+Q=>Z'J7C2_UGP'X>OE\=ZEX7=)/"VI>/[&:Q;3
MO'>H^%Y8XIO#-]XNM-:N_#TT,$VCS64D$+)]&T4`>%?$S]ES]F;XT^)_!'C7
MXQ_LZ_`KXL^,OAG=QW_PX\6_$SX1^`/'?B?X?WT5U97L5[X(U[Q3X?U75?"E
MW%>Z;IUW'<:#=V$R75A97"N);6!X_<T1(T2.-%CCC541$4*B(H"JB*H"JJJ`
M%4``````"G44`>%:[^RY^S-XH^+NA_M`^)?V=?@5XB^//ABT2P\-?&W7?A'X
M`U?XN^'K%([Z%++0_B3J'A^X\9:3:)%J>I1);V&M6\*QZA?($"W=P)(_$7[*
M_P"S#XO^+&D?'KQ;^SC\!O%'QS\/6!TO0/C/XB^$'P]UOXL:'IAAO[8Z=I'Q
M%U/P]<^,--L#;ZKJ<!L[+6(+<PZE?Q>7LO+A9/>:*`/EO2/V'/V*?#^D_$W0
M=!_8^_9;T30_C6URWQET;2/V?OA-IND_%IKV>ZNKQOB;IUGX2AL_'C7=U>WE
MS<GQ5#JIGGN[J:7?)<2L]_P5^QA^QY\-=5^'^N?#G]E#]FKP!K?PFDU>;X5Z
MQX*^!7PN\*ZK\-)?$&G7NCZ]+\/]0T+PM87?@V36])U+4=+U=_#DVFMJ6G7]
M[97AFMKJ>*3Z5HH`\J\??`SX-_%+5=,U_P"(GPP\#^,?$>A65QIWA[Q1KOAS
M3+WQ5X9L[N7SKN'PMXHDM_[?\,_:Y0KW<F@ZCITMR8XO/>011A8]=^`GP/\`
M%'PFU;X"^)/@_P##+7O@CKVGWFE:W\(M7\#>&M1^&VK:=J.IR:W?VNH^"[O3
M9?#UY'>:Y+)K=R;C3Y'FUJ1]6D9M18W->LT4`>7>!_@E\(OAMX3E\#>!_ASX
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M],A\:?9)=5U`17GBZ'7=6N3=W<^IZGJ-Y>7=U<;6G?L8_LH>&/B%IGQS\1_!
MKX->)?BQX1@M-/\`!?QE\>?"GX/W/Q'^&^B6]O<:5I_AGP/\1(?`^E>)?"GA
MJTM=0N-/TW1+#5XK&RAO;FULHH8[VXCG\.UO]J?]ISXL>)[;1/V5O@`-0^%^
MK2&RMOVCOB!%J^EZ#!!<VD%S'XDT3X;^,A\*M9\4:?:)]J@BDTW7KW3KV]-O
MBZ802V%WW'BS]A7PY\<K738/VM_B5XP_:-@TA&;2]`GTWPS\)?"&DW=PL+WU
MYIMK\+--\/\`C9Y+BZBC:*'7/B#KMM;6=I86PBEN5U*_U:W146O:R4'':-G*
M=FTG[J]U-6NU.47IIN:NDZ5U5FH.2OR+WZEUJHN,=*>MK\\HM:W3::/*OAYX
MQ_8%^!?Q9^+FN?L]W'@?Q5\:?C-XHDU7XH:#^RW\%/A/XB\=^-_%E[?:EK<N
MM>//$?P0^%6FZIKEZE]JVKWVH^*OBSXTO;6TO;C5[K5M9BOVU.5O+_&_PW_;
M$\:>.M.U?]DGX7:+^S7\-]:UWQGJOQ#T7XS^&/@UX;TGXD:WXZUG4-5\??$+
MQ!I'@$?$#XFIXF\9S:MXCNI]2N?^$9UJ_P!>O-&O=7TV*P^W7*_K?X0\(>'O
M`?AK1O"'A/3_`.R?#OA^QBTW2-/^UWU]]DLH=WE0_:]2N;R^N-NYOWEU<SRM
MGYG.!6CK.M:/X<TJ^USQ!JVFZ'HNEV[W>I:OJ][;:;IMA:QXWW%[?7DD-M;0
MJ2`TLTB("0,Y(%)<GNVIN4KK2<O:1<O**C%[[)N2\KZA[1)I4HM2UCS24).:
M:<;.*@DKWO97:>G,]S\=OV;O^")7[+OP5\#?$'PIXUO_`!;\5H/C7JOAOQI\
M9=!U33O@MX$T;Q;X_P!$U72O%<>KZGXG^`/P2^`_Q'\:66F>.M,M?%7AZW^(
M_BGQ1'I^N65OXACMK?Q!<:A>W>OX#_8R_P""7G[(NDZC^SO\`?V9_AOXJ^)5
M]::E#!X#@T-OC7\2;BXU.RUF]M#XQ\9?%'5M?N=%T32X;ZZBL[CQWXRTC0_#
M.G:O;VMO+IMKKD"7OT7>?M#^,?B;X@F;P[K,/P)^`6CB[&J?M`^)[;1=)FU[
M7#<O'X=T#PW8_%[2-(TF#3];L)[#6GUF+P_XHM[N"XCTVPU&QNA)<'Y]UO\`
M:W\%_"CPAJ/PK_X)P_";5/VQOBG>^)YY+BW\,W_CE_A7#XFU>X:U\7^*_%GQ
M[D\*WGP/M;G0[^+2KK7_``?:_$/PB%DU.&SL8_#Z2PYM4YRE-N$N9*[2M3C3
M^%1<[I0A"VR]WU5[O91K)N4G+G=GR)\L4XM.]62T5KVY8WG+1:-13Q?AU_P3
M8_9D\)/J?Q*^-7[.?[,7P0^'?A?P?XYETOP+X4T3PA\/_!GP\O?$5K';_$+X
MBWLFA*/#_A#7=7\'Z+<6^H>,?#/C.UN[7PS?ZT;Q["[U+7)#\=^)/V;?V2/V
MNK#0O#G_``2U_9,_9"\#^*O#\^GK\2/VXM$_8Y^'O@3PIX%L-)LI;W3?"GP&
M^,/B_P"#^IS^._%'C&_MM--S=^#?!7Q,\+V_PGUR35M8\0^&+[Q;X%U75?O7
M4_\`@GSK/[:VD^%?$'_!3K5M.^*EQX,\2P>*/AO\#/AQHUQ\&?AQ\,O$.ERR
MV+>*9M?\$_$OQI\2?&^O^)-/AAEN(-8^+#^$-,LKV2SM?!T&JPKJD7ZQJJHJ
MHHPJ*%49)PJ@`#)))P`.22?4U-J<(QM)U)6?1JG'16TDE*;MO>,%&2^W%ZS[
M>49)MQJ2BXN*U]G&4=GRM>^^[O9M?:5F_P`<?AO_`,$&_P#@F'X4N_#WC'QK
M^RA\-/BG\7;#2-4A\3_$WQ_9'Q'J_COQ7XDFUO4?%?Q#\:Z0EOHO@?Q)X]U[
M7/$WB#5F\4W?@J&^T62_M--\+Q^']`T#PSH^B?!GQH_X)UZ__P`$GM2^#'Q4
M_P"":%A\0?AO^RUX5\17.N?M8>`?!NIZ)XRUVT\'Z/K>F>/?&'Q"OH/%N@7O
MC+QSIM[X,\,:MHWB9-6\7>+M:M(-!\">'/`?AS2K&XUJ/4/Z@ZHZGIMEK&FZ
MAI.HP_:-/U2QN]-OK?S)8?/LKZ![:ZA\V!XIHO-@D=/,ADCE3=NC='`83S-Z
M3_>QYN=PJ.3C*2O:32:?,KMJ2U3\M"5B:W->5236S3?-92<>:RE=>\HJZT4F
ME?NOF?XH_LW_`+-G[6-K\*/B#\3/@S\`?C?)X;CT?QC\./&GQ%^$WPY^)][X
M?AO9-*\1Z=JW@#5?'WA'Q//H$6J_9[:4WFE&PO!;7"WUG<6NKV^G:A9>G?#C
MX%?!;X0^"]1^'OPM^#_PK^&G@C7+C4[[7_!GP]^'OA'P5X0US4M<MUMM=O\`
M5?#7AG1M*T74+K6H5$.JW%U8/+J$($5T98P%'X@>'_V_-2_9J^"NB_L"?`31
M;?XZ_M^>!O'?C;]GSX0_!5;/68-0MOAWX*^+/B'PEH7QB\?W.G:!/X+T#PO\
M./@@_@?XB:]/XO\`&WA+1O%XN;73!XMTG5-;C(_:OP#XU\2^%O@9\.?%/[2.
MI>&_"/Q&?P!X3OOBE#`]E8:/IOC^\\/VM[XHT'1H++6/$%O>FPUG^T=.T^#1
M]6UO^T_L@DTV:\26(FITITY6DI>]K&Z:YHZ6E%/5QE?1K23O9NVBJT90DXJS
M7.XP2UG--<T962YFG%QW2M=:*^N'\._V3/V:?A-XAT/Q7\-_@+\)O!/B'PII
M6H^'_!>J>&_!6B:=<>`?#NL[?[:\._#I8K,0_#WP[K02%=:T'P5%H.D:NMI8
M)J-E<I860@Z:']GKX"6OA?XB^"+/X'?!VV\%_&'5==UOXN^$(?AIX,A\+_%+
M6?%&3XFU?XBZ!%HBZ3XWU7Q$6)UW4/$UIJ=UJ^3_`&A-<$FO"?@W^VWX+^-W
M[2_Q&_9R\)>%?$ZW7PV^%WAGXH:UXMU/P[\0-"LX;'Q?K+:'X<TN_M/%'P^\
M/:=IE]K=WIOBU]'MY?$<^JZI:^$-:OK/2)+"VN;NU^V*F4)0?+.+C*R=I)IV
MDE*+L]=4TUY,RE"5.5I*SLG9V=KJZ32>C[Q=FGHTGH?(5S_P3\_8-N_`?A;X
M677[$?[(5U\,/!/B*\\7^#OAQ<_LV?!N;P'X1\6:BSMJ/BCPMX0D\%MX>T#Q
M%?M+,UYK>EZ=::E=-(YGN9"[9[W6_P!E']E_Q-\0[#XN^)/V;/V?_$'Q6TKP
M<?AWI?Q/UOX._#W5?B'IOP_-G?:=_P`(+8>-;_PY<>)+/P<=/U34[$^&+?4H
M]$^QZC?6WV'R+NX23Z`HJ23YE^%_[%O['OP0O=$U+X+_`+)O[,OPAU+PS=ZK
M?^&[_P"%_P`"/A?X`O?#]]KUM!9Z]>Z)=>%/"NDSZ3=ZU:6UM:ZK<V$EO-J-
MM;P07CS111JOTU]:**`"BFLZ(,NRH,XRS!1GKC)(&<`\>U9L^N:):K(]SK&E
M6Z0J[2O/J%I$L2QN8W:1I)E"*DBLCEB`KJ5)#`B@#4HK%TSQ+X<UMWCT;7]$
MU>2+;YB:9JMC?O'O$C)O6UGE9-RQ2LNX#<(Y",A&QM4`%%%%`!1110`4444`
M%%%%`'SK^UI^TKX3_8\_9R^+W[3OCWPIXY\9^!/@GX*UOX@^--%^&]MX3O?&
M)\+^';*;4-8O-(L?&GB_P-H=_-9VD+R_8Y/$5K=7!Q':QS2'96#I_P"U9H=O
M\:?AU\!_B/\`"KXM_!KQK\8-#\8:M\)[OQ[;_#76/"WC^_\`A[IMMKOC?PGI
M?B'X4?$SXF6NB^+?#WARZ7Q)_9/C)/#$>OZ)::O=^$KOQ`V@:[%IOSW_`,%C
M?#?BSQO_`,$N?VZO`/@+P7XY^(OCOQ_^S9\4/!?@OP1\-_!'BSXA^,?$WBCQ
M%X9OK#1](TCPOX+T;7=<NYKR[D2'S8[`VMN6#W4\$9WU\Q>(?AIJ6I?\%&?V
M/?B]^SSX:_:;\<^$+7P-\;?!/[3L/[4O@3]HK5_A/\,O@3XG\"7NJ:5KOPB\
M0_M0>&?^$H\*_'GQG\4_#W@OPIK'A+X0ZIJ-UXY\`RZI9?%WPY9Z+HW@?6+`
M`_<FBOY8OAI^SSI?P._8"_9D^/5G^S/\2O!7Q8\'_P#!1OX7>._VE=9M_@%\
M4+7]H`?`OX?_`+<?Q@OM(U?5_!D_A$?&#Q3\.?!7PZ^)?]K:)I'ACP]K6F:?
M\/\`6]1F\/:5)H4%Y'"[_A4NH_&;XG_"^/7/V</CO?\`@BY_X+T_%3XI7T/B
M/]G3XV>'M/TK]E?QW^P#\2O#=WK/B*ZN?!&GP^&_A#XM^*DW@W0/&OA_7+O3
MM$O/$[6OASQ]HT>HVNH:9;@']3=4M2U&RTC3K_5M3N8[/3=+LKK4=0O)B1#:
MV5E!)<W=S*0"1'!!%)*Y`)"J<`GBOYE_V5/A_P"*OA5KWPD\`_'#X!_$"+_@
MGIX6_:`_X*]_#7PW\(_&OP#^)]_X)^&]UXM_;#T[Q)^P[XMUGX6ZYX#OF@^!
MA_9LL_BKX`^#&N7.AI\/_#LGQ(TW15N+;4-?\(P1_K=^P;X3^+'P0_8UOM&\
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M4M)N[W3+JTO)_P`$O@%\$='^%O[2O[/-Q^PGX?\`COX#_9A_:2UKX@-^W7_P
M3U^-/PB^)>C_`+/GP$\.^*O@GX^\4O\`$OP?HGQ9^'VFQ?`#QYJ?Q9M_"?@'
M4_A7X;U=?`?QIT/QOJNJ>%?`B>&?#^J>+=+^.?@CX:B^$/[,O[`/@OXT?L\?
MM)^'?V3M%^'/[6'P)_:?\.?"_P#8JUOXGW7@C]JJ^^(7PWL_!'BOXK?L]Z]^
MSC\5O$WQ#\':YX$\,^/?A?X6^.OPZ^&_BK3="U[55\'VGBUM-\7:A';@']<U
M%?SQV'[(GQ,^"?Q1_9MNO@1X*^,WB/X4_MG_`+*/_#"G[1>K?&V;3?$GQS^%
M.D^`8=3\:_"']H'XM>(I;K2[>#QG_P`,^/\`%_X;>*X]1TR2^N_B'IG[/_A#
MQ4/$NK:=;V4E#X\^`M,O?VR?C;\%?CA\./VQM/L]2\6_LR^./^"<WCC]F#X'
M:;XC\'Z1X/\`AK\,_A;83?"GPO\`M!Z7\"O'S?LH^(/`?QY\%?%3Q/X]G\6_
M$_X3>!]6^$_Q3ACOI+O1-3UBUU8`_HKHHHH`****`"BBB@`HHHH`Y#X@^,;'
MX>>`O&WC_5(GFTWP/X1\1^+]0ABWB2:R\-Z/>:S=11E(YG#R06;HI2&5@Q!6
M-SA3XO\`LD?M&:?^U5\$],^,NF:&_AVSU;QS\8/"=MI4ER]W(MG\-/BYXW^'
M.FZE).]O:G?XATKPK8^(GM_)5K%M6-A*!-:R*.?_`&X8+[5_V=/$O@C3+AX;
MWXI^+/A9\)3%'(D,FH:3\2OBAX0\(^*=+6219`JZCX1U37K29O*FVP2RN8G5
M6%?S7_&[]I'XO_L3^`M+_9;\&7_B_P"$'[.6O?M[WGP3_:0_:"\(Z/JL%C^S
M)\'KO0OV`==\7ZYJ'Q6TGS?^%.ZAXXM?C=\5VT?QM)X=NU_X2/5+S6;>XT'^
MRY-:A^@PN7X:OD.*Q+C-9A#,<.J,[WIK`P4*.+BX<RYI^VQN&JII-\M"<8MR
MDHR]>E@L//)J^,E/EQ5/%J,(MNTL/"DI5'RI.]YS5I;)P?-*,;L_H-^*/[3O
MQ8\9_%#QM^SM^R#X%\'^,/B/\.M.\/2?%WX@_%GQ#JOA'X<_"QO'VBQZEX2M
MK+2=&MI?&WQ&\1KI6HV/C&^T_0(]$\/1Z+`^C?\`";VOBB\-EI?4_L\?L3^`
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MIMJSV\<`#THKYE^$7[9G[+'Q]\7:]X%^"GQT^'WQ1\3^&8=+N-;L/!.LKX@M
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M.?CM_P`'#/\`P2O^`OB'Q?X-U?\`:`/C[QMX*U[6?"VK^#_A5X?NO&FOR^(=
M"O;?3M0T_3+5)]/AU*);N:46^JVURVB7EM8ZA?6FIS6%I)<UK0PV*JS<,)0K
M8BI%V<\/3J5&KI)I."E%1U^)I-Z6:6]QIU(-NDD^7>O\,$[)\L*DVH6766DG
MJE:*=_S(_;O_`.":5]_P30\/>'?^"B/P_P#'_P`7O^"CNA?`VQ7P)\4_V5/^
M"AGQ'T'XM^#_`!9X:^*>IV7@;0?B+\/=7O\`PUH'A_PU\2?!?CCQ!X?N[X^(
MO#GB&#7?">H^(UTV_P!!U:SM5U;^HO\`9X\;_#OXG_`/X*?$_P"$6AQ>&OA9
M\3?A1\/OB1\.M`AT2Q\-+I/@KQ[X4TKQ;X:L7\/Z8/[/T:>#2-8M$N=-LRUO
M9W`E@C=U0.W\=W[?G_!4;]O+_@I]\&M5_9V_X)^?L=_M1^#/`_B#6;#4_B=\
M4OB#^S-XPTB^N?#WA37M*\4^%])\":[X4\7?$EII]6U>S\.:CK%Q9>#IEFT;
M")J^GV-]/'=6?`OC7_@Z0\)?#3X4?`_]G/\`9]^%GPX^&/PJ^'7@#X3^![:7
MP)X<T;4-%\->`/"VG^%]"L[C4?VA/$5U>W8L=#L=+MKG5=96>:]OK.243SG[
M69/9J95BL11IO%XK`8?$*I**6)Q=*BU2Y8V4HQ3@I*5W%Q7,XM\[:4$MIX>4
MJ2F\9A9I-IJ-=U-=URJE&;;5IJ;DN1?NU"5Y53^VJBOY-_A3\//^#N'5YTU'
MQK\=?V+/"MI=WL-C-H7Q%TGX;7-[IMEY]NL^KVTOP?\`@[XDM7E\H7$D4<^L
M7W[IP'TS[0$1?V1^%W[*'[:&H0)>_M"_MV_%\ZZVFVMO/'\%;KX,:/H(O1%!
M/>306.K_`++^FJ%?47OD@E:#SETT6<!"%'0>/7PD*%1P>,PE6VG/AYU*T'MM
M)4XIK7>]M':]CEE3C"-_:TYNZ7+#G;UMK[T(JR3OI=Z--(_3<]#GIWK\=OCC
M^W+\>/CG\9_B9^Q[_P`$ZO!7P^\0>.OA9X8\*W?[1O[0_P`=M=\4^#_AK\$+
M/XN:'/-X*TKP/X-\+/IWQ3^*?Q-30KT?$A?[);PKX%L-)\/R^&KCQ]:>+]<M
M8M%_+?\`X**:!^TC=_MQ?!']@W]GGQ7_`,%//'</C?2O`'Q4^/?QA\+_`!F^
M//A3PY:_"-M9^(%IXS\%>'?'W@KQQ\._@GX5UO7)M$\%:%>W.J^#=,LK+3O%
M.K6S>-M%UJ32Y]&_6[]F#_@DM^QK\+/`*Z1XE_93^%=E)/KFHZLO@G5+K7OB
M7X?LY;@V=M+J.I3_`!!\1>-[_7]7UFVTVSM[^77?$'B*%=`M-(T"V%AI5HVC
MP;0H8.A1]MB*LJE2K3YL/1IPC))\\5[2L_;P:7*I\E.VKM.?NI4ZFBIT81<I
M5')VBX*,;/F:4K2A.S:M*/OQ;CI))N5K?EA^REX__8X_X)=>-_VH(/&W[0EW
MKFM>+6\!:/\`$G]K[XO?#7XA>-/CY\3]:T[1O&WBOQK>ZCJOP^\':QXQ\07E
MQKVK:A!X;F\:^)HE\,:%HOAQ9[[QMJ&GEKOFO&W_``6D^#_[2WBK4?V=_P#@
MGUX3\>?%OQ!JVM'PKXS_`&ZO%&BV'AKQ!X%BOYVF\=Z7\)O"GC3Q?\&OBWK_
M`(R\-P:_H'ASP''KWB;X>>#;,:K<2W'B^_TWPYMU[T'P5^Q-\0?VN/VYOB_X
M"N?V6-,_9P_X)O\`@CXB>)4\?^)M.^'&C_`/QI^U?#X$U'4_!O@GX2>%Y]-M
MKSQA??`/^W=-\;6OQ1T?3]$^#MAX]\#P^#?+U_Q1H&NQ1ZQ_29\(?@Y\+/@%
M\.?"_P`(_@OX!\+_``T^&O@O3UTWPUX.\(Z5;:3HVFP%WFN)O(@4/=ZEJ5W+
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M+^W?8-SRPVGB?:1Y0CNR7D\G\\_^"A7QF_X*9?"+]J3X:R?`CP7X_P!<_8QU
MKX=:)'XF\1?`;X1^%?C+\3="^+=MXXU)O%<7C;PQJ>A^,_&5OX*E^',FG7VB
MWG@GP9?R7&J6%]IZWC:W<Z?I6H^KW/\`P5&_9T^'L>EWGC3Q7^T]J6IWX@L-
M0\*ZG^Q;^TE930WT"0PW[Z/;6G[.OAR^6[-X\1@MM2U.56MKIC]C\Y8Q#Y\Z
M52:C7Y*=7VJYK0E4G*#3::J)27++W6^5NUG=)1M;+D?LJ<U3P\G/F;Y76=2+
M4M7.+FJ:3UL[-/KJFCZBTN#]OO4WMQK>I_L?^"8Y?*^UG2M$^-'Q0DL=LDAF
M^SB[\0?"!=5\Z)(DC$AT;[.\\DCFZ6T6*]@\>?!3]J7Q_ID&F7'[4'@KP:L;
M>;-?_#?X*?$3PGJLTH>!T5;V3]J#50EKF.5)(&AE:2.4()DV,9?&-*_X*I?`
MCQ);SR^$?@G^W9XOG40_8K/0OV$?VH6?53<1B:`6.H:E\-M-T2..6/<XN=1U
M73[1$C>26X2-=Q\1^(G[=/\`P4-\66Y/[+?_``32^/$LT)\VXN/VA]"^"GP\
MM)+:2Y4P&TMM5_;`\&ZI+.UB=\L!LS/;W+".YAMV2:),X*M!V484[O3VD:4=
M^SK*[MULV]7<</:\W-%4*=MY.--Q36OO74TF_1)G8:K_`,$M/&/BO6=/UKQ5
M_P`%+/\`@H_ISV-_IFIOI/PN_:'U3X?^'[ZXL+1;6>RO=+U*T\;&;1+]T2ZG
MTPW6\SM*[WDID!3V.P_X)XZ%`VFG5OVL/VW?%L>G0V<+6WB_X[6>O6VHK9J`
M&U2&Y\$A;Q[EE22[8[!-(B/A"HQ\H?"C_@L!KVA?#GP^G[7_`.PS_P`%`/A1
M\9+*.^L?'UMX1_8C^+WB?X:KK=MK5]:1+X,\1>#]5^)MGKVF-HZZ;J$NHZ?X
MAUBP)GFDCO57;;Q^LV__``5\^#6I6BW>@_LK_P#!2'Q&)B$L8-(_8)_:!\_4
M9B5`M[/^T?#.GPF7+J&^T36\:9_>2(`:=:.*E[E2+E%:)PA%P:5M8SIQY6MF
MI)VMJF'L\3S2DG&[=VU.BE=:)VNN7[HONM';ZHTO]A3]D^"*V/BGX%?"KXH:
ME9F0VGB#XI_#'X;>-?$-L9X(H+LP:KJ/A`3PF],37%Z8]OVFYGN)9,F0@=-)
M^QK^R%+:2:?+^RM^S?+82Q^5+8R?`[X8O9R1F03&.2V;PN871I0)2K(5,GSX
MW<U^<WQ!_P""A'[=WCBU%K^R3_P3/_:;N=:22&XEO/VE/AW\-?A1X>_LYI)F
M=(G\5?M3_#S4GU)K06[I;+`S13.\-S'',K0Q_)6K>-_^#I/XCZI<V?ACX/\`
M[`/P"T+4I7@M=5\8ZD^LZWH%NVX)>/%X;^*/QJTZ:[7S8B%.FZW;9MI]]JRM
M$+BJ6'JNFI+$X>C%7M">*A"2Y7TIQE*2[K2[NFMT6\+4]DZT\3AHNS;I2Q"]
MO:S>E))RDGTY;WO9'[I^!?V//V1_A=XNT_Q_\,_V6OV<_AWX[TD3C2O&O@7X
M(_#/PCXMTP7-A?:5<_V?XC\/^&-/UFS^T:7J>HZ;/]FO8_.L+^]LY-UO=3QR
M?1M?SHV'[$G_``7D\5:)?:M\2_\`@IKX8T#Q_''"-(T[X0'X?Z'\/3)!=38.
MJ6.J?L2MJD@FM(K(S^2S"6Y>]#`0N@KZ:_8L_9>_X*N?"SXY:7XN_:U_;CTC
MXX_!Z#2/$5MJOP^T_P#X0R6;4=3N],FM_#TY&G?LO_#.]@ATW4IUU*>6P\6Z
M=<-)9VD,@OM/>]TZZSK4TDYO%4JTDU'EBZTI-7M>+G246E=O62ZV,94H<KE]
M8A*2BVEKK9)V3OS*]VE>*U6J2NU^RE%%%<YSA1110`4444`%%%%`!16#XI\4
M^&O`_AKQ!XS\9^(-%\)^$/">BZGXC\4>*/$>IV>B^'_#OA_1;.;4=7UO6]7U
M&:WL-+TK2["WGO=0O[V>&UM+6&6>>5(D9A\^:!^UY\)==\2?#+PW-IOQ9\+G
MXU:K-HGPCU_QQ\%/BGX.\*^.=3@\(>)/';6$7B#7_"EE8^$=1N?"_A/6=2T;
M2/B*_@W6/$X@$'A;3]:G$L<0!]0T5PE]\1O#EC\2?#OPH8:K=>+_`!'X0\3^
M.HH[#2+^\TC1_#/A75?#6B75[XEUV&%M*\/7.L:KXIL;/PGI>IW4&J>+?[,\
M5W/AZSU&R\&>*[G1^[H`**\.\1?M#?#7PO\`M!_#']F/5[GQ!#\5OB[\.?B=
M\5/!5JGA?7&\,WWA#X0ZMX"T7QO+)XR>S3PVNKZ;?_$GPDI\/V^HW.M16VIV
M]_?6-G8WFG7%\>(OVAOAKX7_`&@_AC^S'J]SX@A^*WQ=^'/Q.^*G@JU3POKC
M>&;[PA\(=6\!:+XWED\9/9IX;75]-O\`XD^$E/A^WU&YUJ*VU.WO[ZQL[&\T
MZXO@#W&BO*OC?\;OA7^S?\*O&?QN^-OC/2OA[\+/A]IT&J^+_&&MF<:;HUG=
MZC9:19-.+6&XN9)+W5=1L--M(8()99[R\MX44M(*]31TD1)(W62.15='1@R.
MC`,KHRDJRLI!5@2""""0:`'45XCX/_:$^&_CGX[?&C]G/0+G7G^)OP#\(?!W
MQO\`$6SU'PUK.D:-;:%\=)_B9!\/Y]!UW4[2UL/$_P!K?X3>,!J4^A/?6&F3
M6T%E/>G43>6=G[=0`45XGX&_:!^'/Q%^,/QL^!GAF?Q`_C[]G^T^&UW\1[?5
M?#&MZ%I=LGQ6L/$VJ>$?["U36+2SA\30W%AX5U*>ZU+1%O-'A9[>WBU&XNUO
M(+3VR@`HHHH`"0`23@#DD]`/4TA/&>?PY/X4M%`'R/\`L,?%_P`;_'']F/P'
MX[^)FL^&/$'Q&@UCXE>`_'.L>$-._L?0M1\3_"OXH^,_AEJ=]!H_]HZG_95S
M?R>$EOK^Q%Q!'%?7-P8--TBW>+2K/ZXK\O/V8O'O@+]F.']OSPCX^U^ST/1O
MA#^T]\9OC(]M;QW,J6/PX^)'@?X4?'`3:;;&,RW-T^K_`!4NM.^P02W-UJ7B
M26YCM%,EW%;1_4'P:_;/_9J^.OP*L_VDO!'Q6\*VWP<NKGQ)9S^,/%NL:7X1
ML-(N_"=QJ46NVVNR:[>VD6C365KI5UJ[QW\T).AF'5_^/&3S1[>9Y96CB<9B
M<%A<1/+'BX0H5Z="HZ,?KM)XO"X?FC&45-T&U"-[S4&XW.W$86I[2I4HT:LL
M/*HO9SC3GR6JI3A"+L[Z22CJ[JVNJOA?M5RS:EXG_9+\%P1SL_B3]J/PAK-S
M+!$)1!I_PW\(^./B+*TA`>2));WPWIML\HB,8BFE62:W#*S>)?L[^,?#GPX^
M*G_!6'6O%U];Z;X7\%?M0>'?B%KVI75]8V45OH=[^PE^RE?ZDUU<:C/I]E9"
MW&B7H@FNKZWM3$T#S7<1\XQ]A-\2/"GQI_;6^"^D>!M5L_$ND_"#X5_%3XBZ
MMK>E7]MJ6@7,7Q*\,_!VT\`:II-]8336MXNM^'/&FK7>E7\4LL%UI3W\MH9H
M9_-3\@/VL?C%:?!+_@HU^T;^R3XXL];M[K_@I?\`$#_@GCXK^!<MG`EUH7B&
M'PSK?A/X,?&*WNC,T(CO?#VE?"VTO?$UK:WL=TGAN^T.\>V0WMK+>_09/E<L
M?3>5-NG)Y'''UZ<G&%2$9<1X">*J1C.2O*ED])8V46T_84I3Y4HRD>MA<$Z\
ML+@*]2.%53!PQ-5UIPIJ$:N8P<I6FXIS>"2J0AS<THV23G:+^H_'O_!#3_@C
MQ^W.VG?M`:A\$;KQ/J7BA72U^('@W]H#XOM!JD?AAW\)1I#'HWQ0UGP7*-*G
MT(V;'3['>;NQ:/47DN!=PM\#?L=_\$?OV?\`7_VJ/V\O@M#\6?VBO#'@CX">
M.O@TO@?2=`\0?!^X$=GXFT_XAZUIT.H7_B7X(:[K5Y_84=I;P64D^IO)=+),
MVIR:D6B>/T_PY^R1_P`%5_`OP-'_``3A^`)/P9\$>!_&/B36I_VRO^$W\,67
M@C6?AC\5_#VF7-_X+^'7@NWTW6_B?+XL\+^.?&OQ(\1:K#>/X1LQ>>&+26R\
M7PMXET8:9]*_\$4?B/\`'OQYXF_:[TW]I+X.?$+X:_&#P%_PH/P)\0_%_CG1
MM5LK;XL?$#P78?%7P/XY\6>&M:NO"'A;1O$NDW6O>$IM<M=4\.S:KIL^E^)]
M(O(IH;>]LWO/5HT<;D>3<1YAD_$%+$890PE"C0PV-C/&X3`XC-,+/+L3B*49
M3ITGBL/&<*E"E.5;"U)1IXF%*4E%4Z-'+L/G%7"9C2J5:LJ*I^PDU7K4?K,(
MPJU*J<7/GH3<K2YFDT_=;]W\#/\`@I-^P%^QS^R[_P`%`[71/B/XI^-GQ%\/
M^)_V2=/\8Z+X=U7Q?\/=)\9^.?&IG_:>TC2O"/AV70/"/@B"^&H>*=+\'03V
M&CZ7=ZT1K<MK9,UU>Z7;'[]_8#_X-1?V+_A]X&E\3_MHZ1J?QQ^)/BE-&UFW
MT+P_XV^*?PZ\*>#5OO#MG-K=C)%H>N>%/$VI:O+KUY?13-J,MM:VEII>G)#I
M]O<SZE$U#_@HI\%_A]X=_P"#CS_@GK^T-^U'\3?"<WP6U'X7ZA>_#W3OB<MG
MX<\"?"S5_@[X3^+6JS)/XAU?Q!;>';DS?$;5O"?CF'4]8M;,Z9K6IZ?;;+A;
M:TFE_H'M/^"DW['WB2YN;+X3_$77_P!HJ[L<G5(_V7/A7\5_VE[;1H_,:-)M
M<U?X(>"O'.AZ+'.R[K/^U-3M'OXGCN+!+F"6.5ISK$\2XC!</XC!+-,0\;D&
M%K5\7AJ5:I&<:6+Q>#BW5ITOW4XUJ&(HU9<Z]HXKFE)-)>=BZ<J]#!Q6%<[T
M'*=2I'V[J\WLY2JSE.,E%J>FLI6C&$^:+GRKYZ^%_P#P0F_X)6?!G5QKWPV_
M9;/AS5A#'`+P_&[]HO6#Y<4GFQ@P:]\7=4M<B3YBWD9))!^7"C]*OAE\)/A]
M\'/#B>$OAQH!\.^'HYOM":>=5UO5]LODQ0;OM>NZEJ=Z?W4,:[6N2OR[L;BQ
M/&^`?CW;?$>6P&A_"3X\Z19W\,-R-0\??"_5?AE'9P3`D-?Z?\0[CPSKMK-'
MM?SK%M(.HQ%0&L\S6_G>[HQ958HT9902CE"R$C)5BC.A9>A*.RY'RL1@G\ZQ
M*Q=.I*EBW751/WX5I3<DV[ZJ3>K>OKYG!-5:,%AY\T*:]^-&]J:N]&H)\JVT
MTOU0H4`D@8)))Y/4]:7I3=REB@9=X56*9&X*Q8*Q7.0K%6"DC!*L`<@X=7,8
MV2V204444#"BBB@`_P`_G1110`4444`%%%%`!1@9!].GXT44`%%%%`!1110`
M4444`%%%%`!1110`4444`?E]_P`%C?!OQ1\:?L!_$Z'X4^&/$GC_`%'PAX^_
M9[^*7CCX7^#M/.I^*_BM\'/A+^T%\,OB3\9?AUX>L(@UWJ.I^(_AKX7\2Q0Z
M%8K)=^+%A?P@D-Q'K\MO+SO[1G[6NB>/?&W_``3>C_9A^./@;QQX3_:/_:PT
MOP?XST_PQ9?#GXA7\?PHTW]GSX\?&&Z\?:78:YHFN>(?`WB#PWXV^''@'PCJ
M>OW=M:)X6C\9WNB:IING^+-0T6[T_P#6.LJTT'0[#4=1UBQT;2K+5]8\C^U]
M4M-.L[;4=4^RH8[;^T;Z&%+F^^SH2D'VF67RD)6/:.*`/YY_@M^T)!\;OVB]
M2\._%#]N^Y^#7[3'PA_:S_:B\`_&C]C"QD^)&A?$+Q/^SQ9>(_BEI/@J'4?!
MS?M`6O@WP]\%=,^!-Y\+/C/X._;`^'GPC\*ZGH,NDZ=J9^(G_"6>,/&6F>*_
MG7]F/XQZ%;?L3?\`!)OQG\6OVROVBK_XF?MS_#VXUKXC>+OB7^V+\7/#?PQ\
M7_$#P7^S]KUOJ.DZQX_TCQM%XI^'/B3P[J&OPWOA+X,?`9_!6M_'3XD>&;,_
M$"ZGU_1]9\:VW]50TW3EU%]76PLAJTME%ILFJ"U@&HR:=!/-=06#WHC^TO90
MW-Q<7$5JTI@CGGFE2,22NS.NK"QOC:M>V5I>-8W<=_9&ZMX;@V=]"DD<5[:F
M5'-O=Q1S2I'<1;)D2615<*[`@'\I?[/'[6?Q#^*^F_\`!&#X\V/C#3/V@_VI
M!_P1R_X*4^*KK2Y=7TK4O$OQ$^/.D:)^P5/8^%M>L]$DM[B7Q1XD\;^$M4\/
MZM:100ZK-KFF^(K:X4:OINJK!ZA^RM\</@-\9OV__P#@DQ\1O`?[2NN?&KXB
M>-_^">O[;MO\8]/\:?&/6?%^M>&/C%/JO[#VN>*_#^K_``TUG7+G2_@I\3[C
MQ''X_M?&OPK\,>'O!JZ%;>";+11X/TC1O".EP6_]--O;6]G!';6EO#:VT*[(
M;>WBC@@B0$D)'%$JQQJ"2=JJ!DGBJ5IHFC6%Q->6.D:997=Q-?W,]U:6%K;7
M$]QJDEI+J=Q-/#$DLDVHRZ?827\KLTEY)96CW#2-;0E`#\Q_VOGTC]JWX]>&
M/V(-'M/A-\4O#G@3P'K/QN_:I^$'C3XJ_P#"&-K/AWQSH?B;X:?`OP9X@TK1
M/`_Q+UV_TK5M9OO'/Q9E@F\/:5'I6M_"CX<:E/JC6FN6UEJ7Y9^(?VI?%GA_
M_@DUK/P/\6?M'ZC\.?VL?V"_VU?V/_V'OBGX_P#A]\;I?#_CC5/#ND?ME_L_
M_##3/B1/KMH_AF[\2:+\9?V1O&K>*=?F\6^&)=$NM7NO&EQJ^BC6_!=^^D?U
M+T4`?RZ_&OX0_#WP!^U%_P`%//!MK^U+^TK\$/$/@/\`X)U_L0?$#]GKQ;HG
M[5?Q@?XT^+_'?A#QA_P4$U/0]8D\1Z[XSUOXH?M01^&?%WB'PUX,7X9>-M2^
M)GA#Q*OC[0_!^O\`@_7=;OO`+:3ZGX^^-_[0_B;X>_MW^&_C_P#%;XA?L^_M
M@?`_]E/]G#XG?LJ>'?AW\1-4\'/XR\?ZO^S+H/C'4-7\+_";PWK-MH/QZU/Q
M+^W#;_$?X$^)/A[JOAGQC:^(M)T;P5\/-(TBSN/%FFOJW]%%SI6F7E[IVI7>
MFV%UJ.D-=/I-_<V=O/>Z6]];FTO7TZZEC:>R:\M6:VNFMI(C<6Y,,I>,E:+G
M2M,O+W3M2N]-L+K4=(:Z?2;^YL[>>]TM[ZW-I>OIUU+&T]DUY:LUM=-;21&X
MMR892\9*T`?S+_%;]I#3?A5\>/V]/$'Q8^)U_P#![QGXDU/_`((F>"OB3<?#
MSXAZ)\/K3P]XD\9^*/%>F^-O!WCWXK2:A<ZA\%?@WK=Y?7W@;XG?%G0+UO%_
M@;P5KUYJG@V>\\5/HEO>_HY_P20^-VI?%WX1_M&:#KWQ@A^+VK?"#]M/]ICX
M>Z5>/XZUOXC:CX:^'$?Q!OM:^&.A-XO\7ZCJ_COQ)X;3POJ<4W@'Q+XUU*^U
M?Q'X'?0M6LKI]!N-(CB_5"^L+'4[2:PU*RM-0L;E0EQ97UO#=VDZ!E<)-;W"
M20RJ'57"NC`,JL!D`B6&VM[<S-;P0P&YF:YN##$D1GN'1(VGF**IEF9(XT:5
M]SE(T4L0B@`$U%%%`!1110!_,_\`MV:[XH\/?\%3M&_9NT_3-9N/`O[<7PQ^
M`]KKB6.GI_8^H^)C\:?"VD>-+?6-59[2*&(_!']GG6?[7ACM=>U.308'B*/I
ML\EMI_U+IO\`P17^&5M?>,/A7/\`&G]H/1?V,-1DB\3>%OV:OA_\7T^&OANV
M^(6NZ%IGA?Q_JVOW/P^^'_@WQIJGAS6M"T@PP^$+_P")>M>#I[_Q5XQU>\\)
MIJVH6-_8?L/XM\'0>(H_[0L;L:+XPTZRU)/"7BAH'U)?#>LWNC:QH]IJYT.6
M[MM-UD646MWSG3M1#6UT)"CM&ZPS0_DU\??^"/6F_M8?%SP3\9?VB_VN/C=X
MC\3_``Z\-R>'/"4'P^\&?`_X>Z=I\,WB'3_$4U[<0WOPY\9MJ%T]SI=FBK=,
MUN@C9O)9))(F^\PG$OUC#X'`_P!I?ZNX?`X&%+$5:%"OCJV/QE",:>&Q<*%.
M%*G1Q$*%.GAXUIUX3HTW6<)S55TW]#3S:5:CA<+/%/`4,/2C3J2HT'B)UITU
M&,*LJ?-3@Y1A&,;NK'1:0=KGA_\`P2K^"/Q&_8D^*7C?X:?MA?$&?Q3\:?%/
MPLC\/^$/'VK^,UUOP0WP8_9@US0?AMX&M]&U74M/\)VNG>(=<^$7B_X&7WC)
MH_#UOJ/BKQ%X>UG6?$'V/5M-G%[]_?''Q=_P2[U?XK_#CXQ_M`_$#]C2Y^-7
MP%DO=0^&'C3XA?$'X4Q_$+X?33SPW,S^')=1UR/7()EOH(KFPMHX9Y+;4V:?
M3(8K^YE>7\6?VD/^"4W[#GP]_;/_`&1K?XBO\3/B;X:\<^)?'O@/XD7OC+XE
MZ5H,UE=>.(?ACI7PTGN9/`/A_P"'UKI::E\1=1\$^$X(Q<Z5-JJ:K9V&FKJG
MB*_M+;4?W4^!W_!._P#8[_9XM;&+X._"J3PS%:7K:M:S/\0/B1X@,E[/'('O
M=WB'QAJT4@F2>3]VJ"U&\F*%-J$=O$=7AZI5P>>5,TSO$X_-\"JE:GEN4X3)
M\#3E"5;`RP]*M4S+$RA3]A0I)T887D=&K&32Y_9G-7J9?5JSJ5\3CZ\K4X0J
M4\/"ASPI4Z2BY1K5).+<HMWC*K&_+)2E)2BN>UC_`(*/_`>2*%_A-X+_`&EO
MVD6G6;;<_L]_LR_&?Q_X:66/;'%:S_$6X\)Z'\+[:ZGO"+`P7/C:)["X2XDU
M<:;965_=VWPGXQ^+/_!2#Q7\0]<M?!]E^R%^P#\+/$NLRZIK_B7XNZO\,[+]
MJNYT&Y:.?39)-,\,>+?VCOA=_P`)E;V^HZEK^I2^./"[:;9V^J:=))-'=RZS
M91_O2`JC`X`R>OY\FOE[]E+PWHEU\--(^-\=O(?%_P"T9HFB_%[Q7>RO/%LM
MO&[:IXX\+>&$T]+J73+>'P)H7C*/P?;WUE;6UWKD&E1:MK<EYJES/<'YC"YC
M@<'"M5PV44:L>:%*3S.JLPFW4YYT[05'#8-<GLIR<JF#KWM"/*FW,XX8BE23
M]EAH?%!OV\Y5I-1DI)-*-.DTG%IWI-.+2<>;WU^+/Q9_X)+C]L#]HS]A_P"/
M7Q`^/GCK]LWPC\+M<\=W?QT\4>,_C3X'/PZMX[B+P[./`_PV\)_`[P5\,=%F
MT'4=?TG6=*\5:)+X<@%_I4FCZ;KMW)&=76+]WOA'^S9^SO\``%-0C^!?P(^#
MGP:75H[>+5S\+?AIX-\`OJT=JJI;+JLGA;1M+DU(PJJB-KUIV4C(.>:R?&OA
MB+X8WGC+XT^$;B>SEFM[7Q%\2O#TPCO--\8:?X;M!:37JW5Y%<WV@:EI'AHZ
MA+8C2KFQTB[OK/3VU>!;8:A<7'T!49GG^:YEA,#A:^,F\#A*-;#8?"T;X>A"
MG+&5<=*E/#4>3#M0JXI^S=.E&'L^1)*<96FOBZV(5/G:2@G%<BY-U!--+1\L
M8PA%V_AQ@G\.A@=<<^M%%%>`<ISX\,Z<OBC_`(2X7&NC5?["?P\UK_PDWB,^
M''L'U!-3$[>$&U0^%3K,5RK1P^(1HPUZ*QEFTQ-1&G2M:UT%9:ZWI+:Q)X>&
MI6(UV/3DUAM'-Y;?VI_94EU+9)J8T_S3>?V>;R%[7[:8!;&X'D"4R@H-2@/Z
M_P`@HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`***
M*`"BBB@`IJNC%U5U9HV"2!6!,;E$D".`258QR(X5L$HZ-C:P)Y#XA^/?"WPK
M\`^-OB=XYU-=%\%_#OPEXB\;^+=7>*:X&F>&_"ND7>N:W?"WMTDN+EK;3K&Y
MF2VMXY+BX=%A@CDE=$/X>_L$_%#XA_"3]MWQ;\/_`(T_\+*TZ3_@I#\-3^US
M8:=\1OA_\6O"%E\/OVN/`$,'A[XU?L\>$M3^(GAGP]8ZWH?A+]FU/@-I7@M]
M#MUBFT;X$^,M4U*:2]OK:2^`/WBL=8TG5)]5M=,U33M1N="U$:/KEO8WMM=S
MZ-JS:=I^KKI>JQ6\LDFG:B=)U;2M4%E>+#<G3M3T^]$7V:\MI9-&OY\/@)\?
M=0_9[^.O[=GPR^&/@K3M3\<_M+?\%J?'WPX\(V<-CX8&FZ3>:3_P2V_9?^/'
MBW7%\/:]\0_@]H_BG6M6@^'NI6BZ&OQ%\+ZE=WGB#4?%HN-9?0+S0]9]1^+O
M_!0/]L#]G3P/\/=;_:@^%OPW_9UTBYD^/OAOXE_M#ZEX&\4?&OX!^#O&/A7Q
M5X0L_P!FJ[^+6G?!CXTZ[K_[+O@CX]^"/$-WXD\0>*_&WBOXH^&/A3XAM[?P
MGKWBF\M+K2O%&N`'[?45^3@_;V^(6D_M:?$+]GGXA1?#7X1WVGS?$SQ-\$?!
MGQ6\)>-?"%C^T;\%_!?P7?QUIWQ3^$O[54/C+7/@KXAFT[Q79WLWQ6^'UQX,
MTCQO\+?`2ZGK>LZ5/8^'8O$7B?Y`\6?\%6?VJ/"'PX_:GU!O#'P&\0>,_@Q^
MQ!^RE^V1X!\1Q?#GXL^%OAOXFD^/7Q$^*WPP\6>!(-.UKXH77B?QSX*TC7OA
MA<7_`($^.6CW_@[3?&6D7C:AI?P_U/07T;Q)K8!_1%6=;:QI-[J&IZ39ZIIU
MWJNB_8_[8TRVO;:?4-)_M&!KG3_[3LXI7N;#[?;(UQ9_:HXOM4"M+!OC!8?C
MEJ?_``4#_:`^$WQ"_:-^!GQGT[X%:Y\3_#?QY_83^#7P'\4>`]`\>>%/`27?
M[>>JS>&/#]G\3='\3^//$^M>)+OX-ZUH7BW4[W6O#6O>!U^,NF6GA_1M+\+_
M``KUS7)3IWR%-\:/VB_V2OVC/^"C'B#P3!^SOXB^)OQ*_P""C/\`P2L^!UW/
M=?#GQUX3^'NK:'^U-X7^"?PEN?$5UX?TGXF:KX@\/^,]&7Q\-5U37I/$OC:S
MUS4M)N-6DT*(:U_8^D@']+=%?CMXT_;/_:I\+^!/VYIM`N?V=?'7Q,_X)L>"
MO!^L_''1Y/AS\1O`^B?'CQ-+\"]%_:@\8:?\+H;CXU>++WX+:'J?PF\4:#X5
M\!ZOXMU'XRQGXDP>('UYTT+2&BEV?^"D_P`8=?U[]E_]DB;P=JGB3P5\-/VM
M?VP?V'OA)\9-:M+U_#WB+1_V??C[\0-#3Q9X8O-9L)Q=^'&^(BW6A?![7=2T
MG4+6_L;/Q[?II^IV\[1W(`/U=T[6]&UA]0CTC5],U232;^?2M533K^UOGTS4
M[4[;G3=06VEE:SO[=B!/9W(CN(2<21J:TZ_(']O;PGHG[./BG_@GO\3OV;/!
MWAGX:_$R[_;N_9V_9NETWX>Z#I7A:S\=_L__`!HN_$/AGXS?#KQ'X>T*#3M/
M\4>$/!O@"+6/C;IFEW=I<-X0USX56?BW09=&DT_4+Q^S_9H_;(^.'Q>\7>+O
M@!XZT_X9Z%^TO\&?VM_BG\*?C9H>A^`_'5EX8L?V>/!OA2U^(GP]^,?AG3M>
M^(4NIK%\6O!'Q`^`_P#9.L7/B#5=/TOQ/\1]6TFU\.>([+P5K&I@`_3K3-7T
MG6H)[K1M4T[5K:UU'5-(N;C3+VVOX+?5M#U&YTC6M+GEM998X=1TC5K*\TS5
M+*1EN=/U&TN;*[BAN8)8DT:^%?\`@G%\8]<^/G[+L/Q0\4>$_AMX-\3ZE^T'
M^V=X1U_3OA1X6O/!O@_5=1^$W[9'QY^$!\9?V%J.N^)]0C\3>.[7P%;>,O'%
M_>Z_J<^K^--<U_5?.CCO([>'[JH`****`"D..2>,*>?0<$_R!_"EH(R"/48]
M?T[TFKIK^KK5?B!_/%_P5R^#WQ`_:'^+?PD^!7PF\4Q>&/B%\0_%$MSX>O&N
M;J);;7/AC;?"SXS>']2N_L;":WM]*UKX<Z;>QWW^HTV]%EJERLD-H\;_`*V?
ML1ZSXFN?V:_ASX,^(%V;GXI_!?3F^!/Q6\[48-2OI?'7PEV>#[S7KR:%4=(?
M'NDZ?HWQ)T+[7&EW=>%?&6@ZC,91>K/+^6&L_M-?L]^(/^"U]_X-^('QR^%_
M@R/]E#X3_$#46L_$OQ!\/^&+1OB7\4_!G[.?A_P_HVIOX@U/3-.N]=B\+>(?
MB"^F:7827U]"]K?-<PVUS;/M^F_C-\>M._8Q^+EG^TIINO\`AO6_V&/VCKVS
M\5?M)?$H:S%K/A'X"^,O#VAZ#\,_#/Q5\*7/AF\UB_UC1/C/<ZG\,O#GC2UT
MO0+_`,-^$G^'>I>/M6U+2D\4>*=;L_T7.Z>/J93PIPW'#MR63X;.,+06'OB:
MN/SBK6JK#PJ14I598O+?J%;#T?BG*-.G14G5@IJ2A!N?NI\L%*?-T<>=0=KQ
M3@YNZE9P]_F>EC]'_B[X@T[PO\+_`(AZ]JFI6VDVNF^"/%MX;RZN8;58VM/#
MVI7A,<L\D:&9([:25%#;B(V8<*2/G;_@G9?^)M6_8=_9?U?Q=</-K6L?"+PQ
MK!M)4M8[C0=*U6!]0\.^$KN*RCBMH+[P9X>N=*\)WUM%&OV:\T6>!QYD;5K:
M?I4_[5>@W>K^,+76=`^%,QN=/\+^$()]0TQO&,@@?3=<\0>,UF71]<N]&BNF
MUGPK;>!M8TC2M)U"SBU/6-3C\16FK:!/I'PY^RKXL_:Y^$WPP\&_#;X7^#?"
M7[2WA+P_I&C:!J5A=^-_`WP\\>?L_P#BJ::_F\?^%O'T.I>,+J^\4VG@?Q[+
MXL\`Z+X;3PMX)UBST?P##9-JVK7#2ZM/\YA\'"KE>,P:G0IYA3QV%KU?K5:E
MAJ<*5*AC:;H1Q%:4*,:SG53J0JU(1YH1I1DZ[5.6JIJ7):2YG?FYG&$8II-*
M4IM/F5GHM+NSNXZ?I+\>O$^C)X9;X6FXM;KQC\8+2\\&>&?#DJSO+JFGZO<:
M?H?BS4I%AL[Q%TWPWX?UN[US5FG$._3;&[$$T;HTL/S]^TC\;[SPSX[^%GB3
MPIK`NOAQ\(?'>OS_`!KFTS7A8:9J.N>(?`7Q%\#>$_`=S=Z?;7PO=8T+7[BY
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M"S.Q`5022`*^-_"G[5VAZO\`M.Z_\%M9M)=$T/Q/8VVB_`3Q'()KRP^,/B_X
M=#XC7/[0D6BM;:%$=*B^&,VC:'H%\^MZU+;:M>V\]QH$*02BXU.0?M)?"O\`
M:+T[P[X$_9[^)>@?$6;X@0H?'.I?#SQ-"WB/X4_#BXL6;Q!K7B*&*-=0\!>+
MKF6>U\'Z1H/BC_A'/&FFZ]J6HZC8:/=7_@C7M.M/&?CO\"4^&OQF_8=^.GAJ
M+54^&G[+%_\`&JQ^(TQ1]6O+FR^/FE>&_`U]X]\87EO/+KUXVE:MK'B'XA^,
MO$D>AZK90%=?\2>++_PYHZZCKEOG@Z&$M7IXV*C6K8;$K"RFI*6&KT*4J]&<
M4FG&KBJ]&.7)5(RBJ&*Q$W&,_8U8YJ$I62<4Y<WQ-+2*YM&].:3CR137O-M*
MTK-?I;16?IFK:5K=G!J.C:GI^KZ?<Q13VU_IEY;7]G<0SQ)/!-!=6LDL$L4T
M$L<T4D;LDD4B2(2CJ3-/?65M+#!<WEK;S7#QQ6\,]Q#%+/)*S+%'#'(ZO*\C
M*RQH@9G96"@D&O+(L]K:]BU1110`4444`%?#O[>?[<'A?]@CX=?"CXJ^./`O
MB/QGX+^('[1OP@^`WB>_\-/<M<_#O2OBMJ6I:9+\2]0L+/1M8N-8T?PI-902
M7^CP+876I+>1VVGWQU)K.POON*N#^(OPL^&/Q?T"'PI\6?ASX$^*'A>WUC2O
M$-OX;^(GA'P_XUT"#7]"N1>:)KD.C^)=/U/3HM8T>[`NM+U)+=;W3[@>=:31
M2?-2E=KW79Z6;UZ_Y%0<5).:<H]4G9^J?=;ZZ'>4444R0HHHH`****`"BBB@
M`HHHH`****`"BBB@`HHHH`****`/+OC%\&_`'QZ\#7GPW^)UAKVJ^#M0U7P]
MK-_IOA[QSXZ^'UU?7GA;7+#Q'H\-YKGP[\2>%=?N=*75],LIM2T&;5'T/7K:
M)M-UW3M2TR>XLY>7^+O[-'P=^.FM_!/Q)\2]#\2:KX@_9V^(2_%3X/:UH7Q,
M^*'@/5/"?CK_`(1;7?!$^LSWW@'QEX8N/%$.H>$/$_B/PWJ^B>+Y-?T#6='U
MW5K'5M+O8+^Y23WFB@#X5^(W_!-O]C_XI^&OBWX:\5?#OQ-M^-'QW\/_`+47
MBOQ'HWQB^,^A>-=$_:.\)^$O#O@7PM\:OACXSTSQ_;^(O@_X\T'PCX3\.^';
M2_\`A=J'A*RN-$TT:1J=A?Z7>ZE9WNQ-^P%^SG-X3TWP2]I\4Y?#D?@KQ?\`
M#KQ;::A\=OC-KES\7?!GQ#N[B_\`B%I?QQU3Q#XXU;5?C)J?C6\N9I=9\9_$
M.]U_QY!#/J&GZ)XHTC2]:UVQU3[2HH`^0M4_86_9M\07^I2^)_".N>*]`OK_
M`.)&L6'@'Q/X[\;:W\.O">M_%[P)XQ^%WQ(UCP#X+OM>ET7P%=^*?AM\0?''
M@BX@\(V^CZ;IVA>,/%BZ)8:9?>*?$=[JOAUA_P`$C/V';70]<\/:EX+^+/BC
M3O%'P(\$?LU>*#XK_:?_`&FM;U#Q%\&OAMXLU3QGX`\)ZMJMQ\6UU.X_X0W5
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MQ!KND2C5=->XUWPEK.J^`?%%QKG@'4K[PQ<>T?$/X:^`OBSX$\1_#'XD>%-%
M\8^`/%NE/HOB'PMK5HMQI>H:>S1R1)Y:E)+6YLKB&WOM+U"RDMM0TC4K2SU/
M2[JSU"SM;F'MZ*`/GOPS^S'\+_#WC7PO\0]0;QO\0/&/@"/6[?X:ZW\5?B)X
MT^)=Q\-[;Q%IUQHNL/X,7QAK.JQ:?KVHZ!>7WAS4?'5U'?\`Q$U;PWJ&H^']
M8\7:AI&H7EG/U&D?`GX3:#\9?'_[06C^"=(T_P",7Q0\"^!?AOXY\=VT3Q:U
MKG@_X;ZAXNU/PEI<LZ.!;M8W/C76!=7MH(+W5+:U\/6NIW%W;^%O#L>F^N44
M`>._`OX!_"O]FSP)+\,_@UX?U'POX)E\9_$/X@MHVH^,/&OC5D\6_%?QSK_Q
M+^(.J6^J>//$7B;6;6+Q)X[\4^(O$UQI=MJ$6CV>HZQ?-IEA90S&*O8J**`"
MBBB@`H_S_G]:**`/Q<_8Y_X)\?'3]E?]IW_@H+\:93\"_&-A^VS\6X/%=MK.
MH>)_&$UWX6\%Z?XO^+&K:9::W\-V^%5I#KNMR^'OB#I-EXHT^/XP1Z5XDU[1
M[[5;?4-`L;RVTJT^I;O_`()T_`K7]:\;^._$.FZ=I?Q5\>V=Y:W7C_X9>#_!
MW@74_!;WVE:AH%Y>?#"ZOM&\6>(_!]]JFC:A+#KUU)XFU<ZU>27=U+';VMXV
MFQ??U%>WC.(LWQV,>/KXIK&/#X#"SKTXQIRG0RS!X;`8*G)17*HT<)A,/1Y8
M1C":IJ4XRDVVG%./*TFN92U2O>-N77^[:]]V[N3;U/B']AG]BO2_V%/`7C'X
M0^"/B5XD\;?"?4?&"^+?AYX9\5Z=;P:A\-!J6BZ;:^+?#^FWND7UKX;F\/:[
MXEL;OQG;6&A^#/"7V'7?$'B2[U.3Q!?ZM+J*?1?B7X'?!CQIK,GB+QG\)/AC
MXNU^5E9];\3>`?"FNZL_EPVUM$'U+5=*N[UQ';65C`F9_EBL;.-=L=M"B>IT
M5Y^+Q^,QN+KX[%5YU,7B9.=>NK4Y59OEO.:I*$7*3C&4I<O-.=YR;G*4FU[J
M2C[J225M+)))+3T7YO4Y[PQX1\*^"M,&B^#O#/A_PGHPGENETGPSHNFZ#IBW
M$P199Q8:7;6MJ)I5CC$DHB$CA$#,0JXZ&BBN5MR;E)N4GO*3;;\VW=M^;8VV
MW=MM]WJQ``,X`&22<`#))))..Y)))[DDUS_BWQ7X9\!^%O$GCCQKX@T;PIX/
M\'Z%JWB?Q3XG\1ZMI^A>'O#OA[0K&?4]9UO7-:U:YL]+TG2=+T^VN+W4-2U&
M[M;&RM8);FZN(8(GD7H:_FU_X*7^*+W]H7_@LG_P3"_X)V^+I;_5OV:O%'@3
MXG?'?]HWX2ZO?SR?#'XZ0:1:^,_'/P@\.>.?"=HUO#XPL/!/Q"_9@&O7&B^)
M9KSPU?0ZU'8:AI&J:7=Z[IFI1*7*M%=MI)>;_KR3=DVKW54X<[MJDDVVE=J*
MW=KK;\%KKL>7>'/VDOVWO^"_GAGQCX8_98E^+O\`P2L_96^'>NZ/J3?M*>+=
M.^+D7[0_QZO]4.I:MX&A^#D7PZ\7?"CX<VOPWF\*1:5K_P`0YS\4?B!,9_$O
MAFTT>&?39+;7]1\0_;>_X(._L<?LE_L?_'/X\>*/BG^U+^TI^TKK'AWPY\-O
MA?XY^+7B?X6>,_&M[^T5\8/$G@SX1?!OQ!X>U#4/A;+X^M;[1/B7X@\/ZU"/
M#WBK5?'.F^'QX@C\*RZGKYLA+_8-%%#;Q1PPQQP00QI%#%$BQ10Q1J$CCCC0
M*D<:*%1$4!54!5```K^<WX4:1\:_^"H/_!46V_:LB\2Z?J?_``2J_8K\8^*_
M`OP8\$:OJ\?B3PU\>_VR?@4-9\,C]I3P5X?M=+TK2_\`A&O!GB;XJ^.=`\$>
M/9]<\<6$WBCX(V>M:':VUY>:%JGA3*4%:S]Z<F[-]%HFU:RM%6]?30Z*=62?
M-']W2IJ[BK/FZ\KD[-N3O;MTUU/Z#/!.A:GX:\,:9HFL:[>>)=1LOMOVC6[]
MKA[N]^TZA=W</FM=7-Y.?LT$\5I'YEQ)B*!`NQ`J+U5%%;))));))+KHO-ZG
M*VVVWNVV^FK\EH%%?BQ\,?\`@H3\6_BE_P`%L?CK^PEX2\&:UKO[.'P*_9Q@
MUGQO\2+<:0G@_0?CE_Q:CQ+<^'EU8>!UU*_\36GAWXI^']+O?#$7Q`G6T6^N
M]5FT*-M,N&@_:>E&7-?1JS:UMK;JK-Z/I^0Y1<.6[3YHJ6E]+]'=*S75?B>$
M?M0_M">!_P!D[]G7XU_M*_$AV/@KX(?#7Q;\1];LH+_2--U'74\,Z1<W]CX6
MT*YUZ_TO29/$_B[4X[+PQX6L;N_MAJGB/5]+TR%S<7D2-_(!^T_\-OVAO^"@
M_P"R-^TO_P`%K_BE^T?^TY^R3\,XO@SXZG_85_9&^$WCGQQX(N9=.\-:W'X8
M_9G^*WQ>'B+4X_#]YXK^,OBG6-4UJYTWX/:9;P:QX3\7?#_4O`'Q"U[47N+?
M7?V]_P""GMY;_&7]LK_@DY^Q/K5U$?AI\4?VAOBQ^TE\9_#FJWC0>&?'/@_]
MBOX5VOQ.\,^$_$NE*UD/%&C_`/"T_%_PY\4OI%WJIT2#4/"UCJNM>'O$5MIJ
MQ6/'?&3Q'=_\%`OVK/A+^Q7^SAI.AW_[$7[&GQS^&GC/]KOXEZ-=V,_PCU3X
M@_LQ+/XLTW]A_2?#VEZ1;OK?B?PQXW\0_LT^.M?.G^*8/!OAJW\+>(O"NNV&
MI:YX2UWP5J651\UUV?+'7>I;MV5];M*^G<Z*2Y%&2=G).<G;:G&5K)ZV<I1V
MLW;5)WCS?MG\.;?Q7:^#-&@\;ZA9:IXHC_M'^T[[3[+4M.LY]^JWSV7DV>KZ
MEJ^H0^5I[6D,GVC4;CS)8WEB\F!XH(NWK\L/^"EV@?\`!5+4I_V>M7_X)H>)
M_A=IUMX?\::Q>?M!^$?B+K_@_P`,3^-O"@?PW=>']+T76O%WP8^+4>GP21V7
MBG3-5O=(DT+5;)]8TV[@M=;6)FTKP:__`."I7[97[/%E-J7[<'_!(_\`:@\$
M^"-/36O[0^+/[*'Q`^&G[;/ANQAT666]N_$GB?P[X#M/ASXW\(>"8O#X75&\
M0ZOX2@N4D@N]/ET5;JW9I+4E'W6I)127.U>+T757=^[=M>IE[.4[2BX-R<GR
M*24HZVU4N5:[KE;TWL??7[?G[;WPL_X)[_LL_%G]I_XI+'K-E\-O"D^N:+\/
M[+Q%X=\/^*/B'K4NKZ)X;T?PWX:;Q%?6<4TUYXB\2Z!97]Q:0:G=Z=:WXN+7
M2=6OFLM*O_JOP?X@;Q9X2\+>*GTG4M`?Q-X<T3Q`^A:U";;6-%;6=,M=1;2=
M6MR`;?4M.-R;.^A(!BNH98R`5K_//^(W[2O[-?\`P5^_X+M>!_CS\</VK/A-
M\(_^"?7[%NO_``@L_#OP7_;6\9:1\%]3\2>(/^$,U3Q1\0/#GA;X1^,M3\-P
M7^JGX\^#-(\+_%:;6]1OGCL8?"G]J'Q!X=MM&\+I_H+>`?BG\+_BGIS:K\+O
MB-X"^(VD1064[:EX!\7^'O%^G1VVH0?:=.F:\\/:AJ%LD%];8N+*0R".Y@_>
MP%X_FHC*\GK9;*+LF]$[ZZ[:]K-)^\F$X<L5I=W;DT[I+W4DVM%[UU;>ZOK&
M43O:*^6?VG_@Y\8_B1X/M9OV=OC5??`SXJZ1XR\/^,(?$-Q#J'B'PYXGLM!T
MO5M+F\#^(-!NKR[T2TT'7(M3CEOKM_#/B*""\L+34G\/:CJ,%K<VOQQXR_X*
M<>&OV+_%W@CX+?\`!0KPO\0/A7-=^#/"4H_;&L?"6I>+/V2_'&N7%SJVA:_J
M.N_$GPMX8TBS^#][::M;>$8]=TCX@^%O"&G:5K?Q%T:RTJYU+PO;1^*[P=3E
ME:47%=)Z.+OLF]XOU27GM=*GS13C)2>MX;35NJ3TDGTY6WY+4_6VBL[1]8TG
MQ#I.F:]H&J:=KFAZWI]EJVC:UH]];:GI.KZ5J5M%>Z=J>F:C92SV=_I]_9SP
MW=E>VLTMM=6TT4\$LD4B.=&M#/;<****`"BBB@`HHHH`****`"BBB@#\T_\`
M@L;XD\6>"/\`@ES^W5X^\!>-/'/PZ\=^`/V;/BAXT\%^-_AOXW\6?#SQCX9\
M4>'?#-]?Z/J^D>*/!>LZ%KEI-9W<:3>5'?BUN"H2Z@GC&RO!/V7OB9J_C?\`
MX*!?&]/@_P"._C1X0_9K_9E^"]W\./VL/A)^U!\4O'WC3Q@G[0OB.;P%X^^"
MWCWP#X0^+/CGQ[X[\`^"K3X.V_CLZ[\0(]1\-^`?BC=:E"NB:-XPUWPUXA\4
M:!^CO[6G[-7A/]L/]G+XO?LQ>/?%?CGP9X$^-G@K6_A]XTUKX;W/A.R\8CPO
MXBLIM/UBSTB^\:>$/'.AV$UY:3/%]LD\.W5U;G$EK)#(-]>>^)OV)?`GB']H
M+X=?M16OQ%^*OA7XT>$?AEJ'P8^(/B3PQ+\,K;3?VD/A3=WZZU8>!_V@/"6J
M?#'5_"?B;3O"_B"34]>\':GX0T7P+XD\+7GB'Q+9:-K=KH>OZII-R`?,'BC_
M`(*`CQM\,?@!X@U?X8:GX.^`O_!0OX8>.D_9B^,OAKXHZU'XW@US6O@!XX_:
M"^%6G_$?PKIGA+PCJ7PGU?XG?!;P;XE\7>%M3\(_$7QEJ7AOQ/HS^$]<_L35
M'LM1F^._V-_^"F'C/]FG]BW_`()[VO[5_P`#]<LOA3X\_P""77P_^,'PT_:!
M\,_%N+XK>//B?XM^`O[*_@+XA_$7P?\`$KX;:CX2\-77@KQS\0?#4>J^,/AC
MJ-A\2/B?!XTC!M?&5YX$\5R:AH5A^EGPP_X)U_"OX<>&?A-\-[SQK\0/'GP>
M_9RN?&4_[-'PQ\5_\(?%IGP67QCX%\:?"Z"+2]<\.^%=#\0^)_\`A7OPN^(_
MC[X8?"R7Q1J&H3>&O`WBB[@UQ_%OBJQTCQ;IW)>$_P#@EK\"[;X)?#_]G;XM
M>+/B%\?_`(2?"#]FCQM^R%\*?#'Q%;P9I*^%/@=X[\"Z!\+M6BO+KX>>$?!D
MVO?$J/X:>'-.\!67Q+NOL^K:9X=%])HMCI7B#Q%XPU[Q*`>>_%G_`(*6?%KX
M.>"/CEXT\4?L5^/+BP^$FG?`G6_#6M+KOQ)\%>!/BE:_&?XG6?PBO_!^@^+_
M`(R?L]?"RZTKXL^`/%FJ:)J>L>$;WPU<>$-4\$^(-&\0Z?\`$E+\:WH&A]U\
M*/VEOVO?$W[>T?[.'QA^$WP3^&?@[1_V2C\:_$&D_#_XV>)_BO?_`-M>(_CA
MXU^'GAK5[;Q%KO[/WPODU=1HW@'398_#:6GA2VTB/QIXAN]3U7Q5?Z-H>GP5
M#_P3'B\2?L^^*OV>OC#^VM^V1\;M)UC_`(5MI/A;Q_X\UKX"GXA_#_P5\)O'
M_AOXD>$O#.D7.D?`/3_"/BG5=2\1>$/#4WCWXC_$?P?XT^)/C2+2;:UN?%%A
MI\-O8P?4U[^S#I%Q^UAX<_:VLOB-\0-)\5:;\#)/@)XK\$62>")/!/Q%\+67
MB^^\<>%=0\2/?>#;OQ7I&J^%_$>N>(M1C/@CQ-X4M-;DO[&SURWOM&TV32=0
M`/S+_;K^+7Q4_9=_;U^$_P"U/I'Q)^(T7[-7PJ^%G@#2?VQ/A)+X[\4WGPJC
M^"OQN^)GC+X777[0,'PZOM;N/!^C>+?@'X_L?A3XV\1^+]"\/VNN+\&[3XLQ
MW]Y/;S.5M?%[XJ_%/XI?\%6/V)K+P]\1?B)X7_9D\*_$3]I'X*_\(CX*\?\`
MBSPAX0^._P`4?!G[-GB;XE_$?Q5XYL/"FLZ;IOQ'\(?"WQ5:^`_AQX*TOQ#]
MML/#WQ+\(?'."\TRY:?3IX/TN\=?LL>!OB;\0OB3XS\?>(O%_BKPQ\6O@)??
MLW^._@UJL/@27X6:U\-M6E\2OK=O/''X&B^(#ZCK4?BS6K74GF^($VERV<Z6
M\6DP(AW^-^$_^"=GPE\`7/[$O_""?$/XR>%M(_82TSQC9?#/P_;ZM\/=;L_B
M!J7Q#\%ZKX)\=^*_C+K/B[X:^(O&/BKQ;XNM=>US7M?UKP]XG\'R:AXLUC4-
M?FB-U<$``^];RUBOK2ZLIFN4AO+:>UE>SO+O3[M(KB)HI&M;^PGMK^QN51R8
M+RRN;>[MI0LUM/%,B2+_`"6?&'XX_%OX`?LR:U\+7^)?[4WQ'_:,_P"":7_!
M27Q[XV^(L5I^TO\`'=OB#\8OV!/A[)%^V%XE\6_&&]?XCC6?B5X#NOV,O'_@
MWX<:?I_B>Y\2:$GQFM_#ND:;I\$>HZI9S_U8^"-!USPQX4T;0?$GC?7OB1KF
MFVTD.H^-_$^F^$](UWQ!,]Q-,MWJ.F^!O#OA/PI:2112QVD<>C>'M-@-O;1/
M+%+=-/<S>!P_L<_`M?VE?B_^U1>>%H]4^)?QN^!'@S]G?QPFHE+C0;SX?>%-
M:\8ZMJ,2:64$;ZCXYM_$?A[0O&5U=-<#4M"^&G@"P@CM$TFZ-\`?E+^WUXBO
M/'?[.'[:'[5GP\^)'Q7OO"EC\1OV-O@_\&['P#\9_BAI/P\\3Z=X$^/WPD?X
MF^-/#'A'_A/-%^&S:OXW\7?$[Q7\$_%=U_9%EI&LVGPBL%U2_N([G4KN7U_X
MP?M_^(8OAO\`M0>&/CM^ROHMIKO[.?[6_P"Q7\!_&_@WPE^TIXAO-&\1>#?V
MM/B/\`[+X1_%3PQ\1-'^$?@WQ#!XG\)ZY\6_#EYX\^%UWX?TK2HIO"WB+3-)
M^)GBO1KK3KW6?J:7_@G1\$H?V%O`?_!/OPWXE^)O@GX+_#[2OA=I>EZ_X:U?
MPK=_$:_;X6>//#OQ,L-0U?6_&?@WQ?H=WJ/B?QIX<M]8\772^&8I+][[4X].
M.DK<1F'$^*/_``36^%_Q:O\`]H74/$GQA^/-DW[2WQ@_90^-?CVVT2^^#MM;
M:;XJ_8Y\0?#;Q/\`"K3_``I]N^#.I7.G^']2UGX4>$+GQI:ZK<:WJ6K);WUO
MI.K:#!?2Q@`\4T/_`(*"?%KPE\<OV\_"7Q9\`^%]3\+?`W]JS]GC]F#X#Z#\
M.M7\:^)O$WB'Q!\</@=\#?BKH,WB#3M&^$-]KTMH^E_%G5O&'CO5='MO$6H>
M%+'PO>>%/!W@WQW=VMIKGB;[F_9@^//C?X[Z%\0[GXA?`GQS\"O$/P_^)>M>
M!(;/Q38>,8_#7Q$T"UT[2-;\/_$GX9ZSX\^'_P`*_%FM^$=:T[6H]+OQK_P\
M\*ZGH?C+1/%&@?8]4TO3M*\3:]\S_%K_`()=_"GXP^)?VJ/$FM_&'X\>&Y?V
MH_'GP&^-$R>!]:\`^'-2^"W[0_[.7A3X7>#OAE\??@SXJ'P\N_%FA^/-(T?X
M,_#]&TSQ#K7B;P'<-;>(H;KP?<V/BC4[2OL#X`_!WQ#\&O!USHWC7XW_`!1_
M:)\<ZSJ*ZMXH^*WQ<B^'^G>)=8N(=.L=*L]/T_PY\*O`_P`.?AYX5\.Z79V$
M8T_1/#/A#3D>\N=3UK6+G6/$.L:OK%\`>YTUB04&#\S$'`)`&QVRQ`.T94#)
M*C<5&<D*744`%%%%`!1110`45\MC]M+]FAOVC-0_9,7XDD_M`:7X>TOQ5?\`
M@'_A#O'P%OH.LW7AFRTR^/BH^%AX+E^U7/C#P[']E@\1RWD/]H%[BWACM+UK
M;ZDH::W5M$]>SV?H^CZC::W35TFKIJZ:33UZ---/JFF%%%%`@K^;C_@HQ%H'
MP8_X+N_\$8OVA-7MY8;'XJZ+\=OV<=>UZ^NKB+0])O(/#VN>%_A=9)Y$5S';
MZKXD\>?M/OHEO]JC@BU.\N-(LDN4\N66V_I'K\5/^"^'PH\0^+?^">OQ0^,/
MP^=!\6/V9;SX;?''X<1RS6]E#<:G\-/CW\%OBEJ5L^J_:-.U'3)+G3OAP]O;
M7.EZSI-R)Y4/VDLL07.I=1;2NXM2U=EH]7\E=I=6D;4':HHZ^^I4]%=WDK)+
MKJ[)M:I-M:G3_P#!8?X[?M*^#?AK\"OV9_V+/$D_@_\`:P_;%^+&J^"/AMXP
MTVQTK6-?\%>%?@]\/O%'QZ^)GB;1="\22:?X6UJ2ZT/P!8^`;^UUO7]&^R:=
MX]N=7TTZAJ.FP64GWI^R+^R[\-?V,?V<_A7^S9\)[:Y'A/X9>&K?2Y=:U0QS
M>(_&WB>[DDU/QG\1/&%[&%&I^,_B!XJO=7\7>*=1P$N=:U>\-O'!:K;V\7R1
M_P`%%_V"?$'_``41^$?P.U+X;?'OQE^R1\>?@[XO3XI_"CXQ^$=.FU7Q!X5?
MQIX#UCP+X]\)ZC-X7\6>"?%(TOQ%X.\5:C87Z^$_B'X?AN=5L-)GU1]>T>UE
MTJ[R_@3X,_X*F_!W7++Q7^U/\=OV/?BG\$/`'@CQ-?>+O#_P@^$'[0FA_&7Q
M4/#_`(/U"72)M*\4_$[]I+Q1X)BUBYU:TL[K5KC6O#LL%^ANXHKC2YKI-0LU
M=J=W%M-+E=OA6EW\-U>^MWLM$FVV[*5*,(R2?-)RBWJY;12V35DK6N[R=W9)
M1_5NOSK_`."IG_!0#1/^":7['_B_]IZ_\'6?Q+\0:;XI\"^#/`OPNG\1WWA6
M[^(7B3Q;XCL[6_TG2M7T[PQXQO([W0O!5OXM\=311>'[T3:;X2U".1[6,M=0
M]3_P3O\`VOO'O[<?[/:?'_QM^SKJ_P"S59ZWXT\2:#X)\(:[\3/!OQ/U;Q'X
M6\-"PTNZ\8W>I>"8H],T+[1XQB\5^'H-`NVEU$6WAR'6I'%IK-G&F1_P4R_X
M)Y?#3_@IY^RUK/[+?Q1\8>*OA_HNH>,?!WCG3/&O@JST"\\3^']<\(7\L\,N
MFKXBT[4;2$:EI=[JVB7LUN+6\^P:I=0K<FWEN;6YMOFC>#O=)I]T[:J]MUMJ
MO4A14*BC55N5VDNWD[)O1Z225UJM&?DEX(^.G@G_`()!?LC^,_BS\<4\)_M0
M?\%>_P!IOQ!J7[27Q;_9RT#4=,L?VC?%/Q"^.,.C>)_$7PE\.:/\/['X\>./
M"?P0^`GPX^'?]DZ=K7]GZE\,X]$^$`OXKOP^FIZ=:V7[(_\`!.[]MKPG_P`%
M"OV/OAA^UYX2\/IX.\.?$J?Q_!#H3ZQJ.M1Z6?`/Q#\5^`+QGUC6/"W@F\N$
MN9O"TNH,TWAS3TMQ<FW1[N*!;VX^//V-O^"&W[)/[$/PS\>^'_AI<:[X]^,W
MQ`^'/Q*\`:I^TE\8?#GPT\3?&"&'XF^'K/0M8^S^+]`\#^%?%0T&V-A#-:>'
MKCQ+=)]GGO[2ZO[K[2D\/Y(?"G_@V:_:EO?@/\(?V1?C]_P4U\5Z!^RE\$KS
MQG<Z-\,/V9-"^(OA"_\`B';?$WQEJ?BKQWIWQ`?QI\3M9^&XMGMO$/BW1M#^
MR_"O4HXXO%%_<:Q;ZK&^IV6MY1YX62@[;**LT][RE*SM):))R2:;WM[NLO93
M3?,KWNYM2YK:)1C"ZBXZMO1R3C=RL[/F?VSOV@7_`."E_P#P6(_8X_9[_8]^
M,GC'X-:7X8\/_MY?"*[_`&R_!WAS6]6M;_0=;^'GP?T?XU1_LN^)?&_A_P`#
M>`KOQW9V_P`,_B'\+X?B1\-?%OQ<;PL][J'Q#\/6MK?Z9H&H)^[WA9/V'/\`
M@B=^R+J6F^-_B]X?T!K"37?B3\0_B%\6?%::I\>/VHOCMX[,UWXE\?>)%M;?
M6O'_`,3/BE\5_$.AR6]O9^'=!\1ZDECHUMHFA:5)HWA6"TL\?_@H)_P27\#?
MMF_LS?`'X#?"KXQ>,OV._%O[)_B3PKXG_9N^,'P7T31].\1?#:;POX2N_`ZZ
M+I]MX<G\#ZGI/A_5O#MTL5_8^`_$W@5_MVGZ3<"62QT\:5-\_?\`!/\`_P""
M!/P5_8\^.5O^UA\;/CW\7/VYOVIXM)N[&#XI?M&:?X3\5V^@:G=IX:DB\4^#
M5\6Z=XX^(OASQ5HMSHFJP>'==3XIW=QI>C>*M<TQ8Y9+NYO;EJ,TWHFY-OFN
MK1OK;ETNX[*6K:2NM[DITI**NU"*2]GJW/E=KN?]Y:M*R4KV2T.+_8U_X+C^
M(/CM^UW\7_A;^U)\$O#O[!OP#\*?LLZ)\??AGXO_`&B?%'B+X=>+O''V+XB:
MQX(\=:]<-\8/"WPB6S\'V-WINL:796;^$;6^M+GP-KVN-K.L:1K-I'HWPU_P
M4-_X+._M*?M0_#_Q#\$?^">/PCMM*^!OQZ^*GP]_90\%_MP>-M!U^?1/C/K7
M[0/BFQ^'6E>%?V=/!?Q>\+?"7P_XB\3:E:6?Q@OKCQ5I.J?%GP]X?\/_``TU
M36+Z'PY%K>@>*[#^B/\`:E_X)R?LD_MF?$GX2_%/]H?X3^#_`(C>)/@W!?V7
MAF+Q5X$^&GB_3=1TO4->T#Q%)H_B"/QQX'\4W]WI$-_H+);Z?I^HZ7;QV^N>
M(59'FU,SP_B__P`%XM0U&7]KK_@@+^S[\.=`-BUU_P`%'_!'C^PL=-N[#0/"
MND>'?@G<?#@WUE'I44UE;JUEX6\9ZE_8T-I&BVEG8ZCIEG!(^I0VTRDJBB[R
MO&Z3=D^9/EB[IZ16\FE9;I)ICA*DYQ<:?O-;7E:#3;]U)\TF]$KN3MJWS:KZ
M%_9J_P"#?/\`X)U2?LD_!_P9^U1^ROX'^+7Q]U7PQ'X^^.7Q=\16S^$_BWKW
MQI^(]U9^//B1/<^-OA7K/A_4K*PT3QE<W>C>%-(TC7;G2?#OA[3XM)TRXN;:
M\U2YU3UR3_@A[\#O"7VJ/]G+]KS_`(*1_LF:?=V5I8R^'?@?^V?\1+KPJ8+"
MZ:33\:%\78OBE'"=-T]SHFG+9W%I%::6L48C>=#._P"R^E17$&EZ;!=[?M4-
MA9Q7.QBZ?:([>-)MKDDLOF!MK$DL,$DYJ_6BA&T?=2LEY/:SO:QBZL[R:D[2
M;TO=:OHG>WD]UW/QET3_`()P?M\^&](L=!T?_@M[^U_)INEVPL]/E\2?`+]C
MKQEKAMX]P@;5_$_BCX-ZIXBU^\`(^T:AJVI7%[=,"7F7*A/(/B-_P3E_X**?
M$3PWXW^$_P`=OVR_V9/VZ?@_XGADLM)TK]K[_@FY\-?$>O\`AO1[M+>2]TZQ
MUWX/?M,?L^QF_N;VRT?49O$%IX>TO5+;6?#VCZMHDVD7%K&1^_-%)TXVLKI:
M;-O9IK25UND]NB&JT[W?*W>_PI._?FBHROYI^3T/SF_X)??LC?M`?L3_`+-M
MS\$/VA_VK?%W[7>O:;XYFOO`7CCQCX47PC?>!?A99^`OA_X1\+?"?3K-O'_Q
M*O=2T;PQ>>%-;U>TUG5?$\^K7DWB6ZBOHY9;8ZA?_HS115I622Z>GZ)+\#-M
MR;;W;N]_U;?XA1113$%%%%`!1110`4444`%%%%`!17Q)_P`%(?V@_B7^R=^P
MK^U)^TU\(8?`U[X_^`WP;\:_%/0-*^)'A[7_`!-X.UJX\'Z-=:M_8VKZ;X8\
M9^`]:6'43`L'VRR\1026@8R_9[GB.O,?A9^UC\6=4_;>;]EG5=9^#/[0'P_E
M_9W\0?&#Q%\8?@!X2\2^%8/@?XV\-^+O!?AC2OAE\5K#4/BO\9]&O=1^+>G>
M)==\6?#R&Q\1>&_%5MI_@K7;:?PCX@TF.3Q9;`'Z4T5\4?#+]L7X*ZE\+-!^
M(\_QEU/XKZ7\2OBW^T+X4^&R^$_@7\4[7X@ZK)\)OBG\2/#7BSX>:7\%=!\*
M:Y\5-<N_@<_@G6/`/BOQ>/!]O;ZW<>%X_%5U'91>)]+%V:W_`,%%?V,]"^%_
MA[XTS_&NPU;X6^)/A1:_':W\9^$/!_Q$\=Z5H?P8N[R33HOBCX[7P5X0\07?
MPU\#1ZA;:G8WGB3XAVWA?2]/N]`\4V]]<6TOA3Q(FE`'VO17RO;?ML?LPWGQ
M0TWX/6?Q0AN_&FL_$+5/A'HTMKX3\=7'@;5_BSHOP[/Q9U+X5Z7\5H?##_"S
M4?B5!\.8[GQ:G@*S\9S>++G2[#4VM=(GGTK4H+7B/`?_``49_9"^)NF^)-:\
M$_$3Q;K&C>%?$#>#=4UB3X%_'_2-)N?'Z?%36/@I)\,?#FI:W\+M-LO&'Q7A
M^)FA:AX;G^%7A&?7/B)`AT_7)O#,?AW6='U>_`/M^BORT_9"_;S7XH7O[:VH
M?%[Q)&FA_"K_`(*$>)/V5O@-H^D?!WXE>$_B!X@T/2OV8OV?OC%#X-7X27^F
MZS\5_%'Q`T>_\7?%+7O$4EOX;6[_`.$2\,ZUXP;1=#\%Z!=3:;]\?![XU_##
MX^>#V\=_";Q5#XJ\.V_B#Q'X1U4OINM>']=\->,/!^K7.@^+/!OC'PCXHTW1
M?%O@KQCX9UBTN-/U[PGXMT/1?$.D7**E_IL`DB+@'J=%?E]\*?VF?C/^U%^S
MMJ_[8/PK^*_P*^!WPA\5W?C:?]G.Q^,'A"Z\1^&_$_@KPSXIUSP7X7^(OQI\
M;6'Q,\)_8-(^+ESH(\9>$M(\!/I%WX(\(>(]!.NZCXZU[^T-#M?8K_\`;X_9
MV^''AGP0?C5\2]#\.>,=1^%'PT^)WCZ'P?I7BGXG^#/A_HWQ#\2'X=6'B?QA
M\0?AEH7C#P+X-\`WWQ/T_P`2^$M)\<^*_$6C^%+Z7PQXEOH-8?2_#FN7VG@'
MV_17X@_M8?MN_M._"'_AZQ_PAGB'X;P?\,C?#?\`9&\:?!K^T?AU>ZA]BM_C
M/_PG/_";V_B/?XTC_M_7G_L>Q_L;69/LNA:9]E@\WP;>[K[[?^F'Q0_:V_9\
M^#.JZGI7Q)\?MX>'A[4/!VE^,M=C\)>.-=\%?#J^^(%Y#8^#8OBI\0/#GAK5
M_`WPJ77IKO3Y+2?XC>(?"]NEEJVB:C<RP:?K>D75Z`?1U%%%`!1110`5^9?[
M5_P)_P""A+6.I>)OV-?VQO$MIX@U+4+:\U3P!\7O#_[.EQX5TO1M,\+SV,]E
M\+[FU_9<OM;B\3Z_K%GI=\(_B!XSN_"T>HWNJ2F?1M/D2&']-**/\K='U3V:
M:OIO:]KK9N]1ERM.T7;I))IZ-:KY_?9[I-?QU?"CX^3>+/VQ/^"D$W[2_P#P
M4._X*/?\(Q\!K/\`9.\&^`?@7X9\<>'/A=X[\6_%[XM_#6X7Q;\)O"7PJ^#7
MPN\!VEQX]T_Q[X3O?"FF6_PWB\*)<(=7\7:SXB\113ZAX_C^QO`'[!/P]^,'
MPX\:?M/_`/!0GXE_M#_#7X`Z=?>(=>^'/@'XU?M8_&VXUZ?]G1))S:W_`.T_
M9_%;QW\0[CP3XT\69751H/P<\<>"K?3='U'P_;C0_"WCB&YTRP^-/C)^RO\`
M%WX0_P#!RIIOQL\+ZYX-\`:%^V-8:Q=?"?QK\6/`.M>-O!NC?$?X0_LX?!GP
MKK#^&[+P[\:/A;>Z]XOUFW\3_$*VT73/$^M1>'8=0N);>V\'^++JTT:.T^TO
M^"O?[!C7O[*/QV^.OCCXH^"O'WQ5USP_X&3XQ:S\1]9\$?L^>"M<^'WA[Q=X
M"T36?!/P[U_Q!\3O!O@7X.Z%<^![KQS92ZQ\1-3^,7C2[U/Q+;P:%XDCUV#P
MU:'LEI5P;IU.15HT.><;TW3DDJ%1I)1C*U6,VI75^LH\GOZJ2BK)2C*\VFN6
M=XS7-"$9)RLG3</:)MN$I./LW9I7O@5\?9/'EA%\/_\`@@'^RS\#O"?[.DVI
MPM\5_P!I[QS\#]:^$'P7US6=0NO[/OS\,=:?6/"GC/XF_$/X?IJ%Q)JS>(/A
M?XRT+05TM]$W7T0T[0K[[^\5_MRZ+X;U72OV/OV?O'MI^U]^WCX?TW1=.\;>
M';&#PCK$'@>'2/\`A%)/'7Q/_:(U'P9+\(?`?PY\.P6/B&!+2VTR+P[JVL>)
MM5TK0?"G@?4[^._TBW_`#]EO]L/_`(+)?\%![SPO\+_V'O@WX'_8R_8O\+:G
M::;X@_:(_P"%:1_&#2W7Q9XF%IXWTSPU<?M"_$CPR/B;-X..K>*O&&JS?#:3
M59=.O;6U\"Z@+'5(E2[_`$7_`&)/^#>3X>_L8_$'XM_'31?VW?VJ-<_:$^/]
MMKVF_&GX@^'_``Q^S+X7\+^+M)U_Q_)X^O=/TOX<^+O@7\5+3PF+[4+/PZ=7
MNM)UYKN6^TFZN=!E\-Z3JSZ!9F)P\J56K#$35.JE*U/VJK58U&TTJ]2G"=-V
M5[N+<KM6@EJ6U3I2<*BNZ<G!6C:[BFKU(J4GR\RC[JFHM-VG)+7]E?$7[1W@
M7X/>`=!OOC]XP\'^&?BDG@+P]X@\4?#;PK>-K_B[4_$=[90V^IZ7\.OA]I=W
MKOC?Q;#=^)X]0TCPY:Z-::W<W[0"-;JY:&XN%_%O]C;_`(+V^#_C]\6OB7_P
MN'0=%^"/[.NFVL<OPU\;>)]/T;2O&5[_`&MJNN77AZ_\8:+HOQF^(NJVND3>
M&-.TRPUF\@\%Z8GAWQSK_AW0_$3Z'-XJ\.65_P#K[\`OV*/@;^SMKGB/QIX1
MLO$NO?$KQKJD>N^.?B3XO\0SW7B'Q=K46GWNE1ZGJ.B>'X/#?P]TN5=/U"\M
M_LWA7P3X>TX^=YILC/'%*GY#_M'_`/!L;_P3Z_:(\5ZSXC7QQ^TU\'[#Q/\`
M$/Q7\6/$WA;X8>/_``)>Z-J?Q%\97&J3:]XH@N_BO\+OB=XATZ:^AU*/3I-)
MM]:;PY!I^E:<=.T73]3?5-4U*,,L(U.&*E5C=1Y*E.*GRM:RO%RAS7:23ZJ]
MU&^E4:N%ASQK49U8S33E"48SBW\+I<\)*%G:[E?1O1I6E^L__!0;XE:_\&_V
M+_VB/BOX:\8>(/A_J7PZ^']SXRF\;^%M)L];UOPIH7A_4M.U+Q1KUIIU_H'B
MBRDATWPQ;ZO<W]Q=:'?06&G1W>H2?9EM?MEOX]_P2D_:AU+]K+]DS1OB%JWQ
M-TOXR7NC>(O^$:'Q,TN/1XY/%%AJ'@KP1\1=&_MY-`L-&TJ/Q?H&C>/]/\*^
M,K6#P_H$^F^*-"U;2]0T^;4;&[U74N7\2_\`!*CP7\0O!@^&'Q;_`&K/VL/B
MS\*9]/CT?6?AOXG'[*WA[1-?T6,P9TK4=?\`A?\`LL_#[X@VL$B6\4;W.A>,
M]'U,*"8[^.0EZYGX$_\`!+KQ;^Q/X>\2_#K]@;]K3Q-\"?@QXL\<:U\2KSX2
M_%7X/^`_VA='\.>,_$IM$\1W?@KQ9>7WPZ^(MII&MQ6-K/=:3XU\7>/I+/4H
M5GT74-*TYI](F4?8?5YQFVL2JZ=.44Y47A^2*?-)PC4C5YVWR*$J?)%/G<FH
MK"\.5TTX\K;DJDX.-1/W;)\DJB4&E)-*[4N5WLVX[?CO]I#5OV5_^"CWASP#
M\<OC*VA?LP_M-?L[^(=6^&NJ_$W5M`T_PAX0_:)^%_Q"\0^(O$_A2W\53VN@
MZ?X.T[7/A'XJTY_#UAKUY?R^)IO!TUG!J)O]&CBO_P!-/%_C;P;\/M`O?%?C
MSQ7X<\%>&--4/J'B+Q7K>F^'M$L@V=GVG5-6N;2RA+D$1K),K2,-J!FXK\X/
MBC_P29_9[_:-\"?$/P=^U?XR^+7[1U]\3XO!T7B'Q1XDUKPI\-[_`$F+P9XH
MNO&UCIWA'3O@AX.^&>DV&D3^*=1U*_DC\26OB[6UM;P:<WB"6&W@9?COP)^S
M5X/UGXH_#W]G;X<?\%C/AM\1O$?P3T2PTWP)\%KWPO\`LL>,_P!H[P+X7\"Z
M=>Z4[6T'PWU_P2EY/X5M-1U:TM=6\;?!GQ1:Z?;78_X2ZR\37]K#J`S:@XQY
M':48OG33LTK6G%I-I:\L^9*S2DI2=1QA:5*<ESSY8QC%.482?-)7TM;W=%&T
MFW?WTX05.+J_I[I'[>'P)\8Z=K6L_"RS^+OQCT/0+*ZO=2\1_#/X)_$[6?"6
MZTMS<RZ?IWC/4?#6C>$=;U14#1SZ?HFN:C/87$<MOJ:V,L4BKTO[*?[9GP%_
M;-\,^,?$WP-\1:KJG_"NO%\WP_\`B%X?\1>'M5\+>)_!/C:TT^SU#4/#6OZ1
MJT$31W^G?:S974UC-?:<=0LM0M;:^N#:2/7RW\4/^"2WP*_:`BTN#]I7XK?'
M[]H"VT6X>YTNU\7ZS\)_!$-G)-&+>Y"/\#O@]\)[J9;FS`LY1=W5P4BS+;&W
MNL7`^Z_@=\`_A/\`LW^!K7X;?!GPJ?!_@RSEMYX-'.N^)/$)6:UT?2M!@D.H
M^*=8UO5&*Z5HFF6I5KTQL;;SV0W$UQ++FTE:TFWU5DH[+5-^\];W34>7O.^B
MJ?5^7]WS\VZYM;:ZJ3]U.RV<8Z]4CV&BBB@P"BBB@`HHHH`****`"BBB@`HH
MHH`****`"BBB@`HHHH`****`"BBB@#XD_P""D/[/GQ+_`&L?V%?VI/V9?A#-
MX&LO'_QY^#?C7X6:!JOQ(\0Z_P"&?!VBW'C#1KK2?[9U?4O#'@SQYK30Z<9U
MG^QV7AV>2["F+[1;<25X[X$_9)^-W[/G[6^L_'O]G"S^#?A[X,?M-^']/N_V
MQOV:M7\<>,=$\+^&_CCX1TVPT?PI^T)^SMJ^B_"G5]/NO%'B?PM`G@3XP^%M
M:\)_#;2?'EEX;\#^-&U6T\3Z-J%OJ_Z>T4`?@+X+_8+_`&ZOV==#_9-^*WPC
MM_V<_B+\:_V:/C?_`,%*;KQ/\&_$/Q<^('@_X8_%GX!_\%"_VFM7_:`7^S_B
MU_PH[6];\#?%7X77]A\.E,=Q\*O$OA_4+;3_`!K9VFKSC5-/AN/==3_9S_;Y
M^%_[5M[^T9\([#]F#XM:5^TI^SK\,/@-^TO\._B1XR\9_#?PW\'O$'PB^(OQ
ML\:?#GQU\)IM`^%'C>Z^+'@'PMX:_:"\<^!M;^'&MV?PGUKXA7&@Z%XEO/%?
MAB\\4ZNWA7]A:*`/P8\4?L0?MX^*?VE_A1\4/$X_9]\=:3\"_P#@HL/VD?"7
MC_5?BQXV\':YXB_9YUC]F?XH_!"3PM_PJ#PK\$)_A]X-^)7AS5/B!:^(?%VM
MV6H:OJ'QGU+1=-BU;Q9X7T;2=!@T;:TG]@/]KKP-^R3\!/"OA75O@G<?M!?L
MH_\`!1OX\?MR>"?"*?$#QM_PJ7XW>"?B[\;OVI_'%Q\)/&GCB\^$]AX@^'WB
M"?X<?M3:[IUCK5K\/?'6B^'_`(F^"/"NO[M2T>ZN&TK]S:*`/P8^'G[#'[:_
MAKXX^)?VK-8TSX%67CZW_P""BWB[]KW1OA!X?^,'B_6?"_BSX/\`QB_86^&G
M['WQ'^'VK^+=6^"F@2Z-\3_`-UX#MO'7PY\30:=)X;\:74-]X=\1VO@+3-=;
M5-._3#]DS]GO5O@:O[1?BSQ-+I4'B_\`:?\`VE?%_P"TCXK\,^'KZYU7PWX)
MU#7/`GPT^%VE>&M&U>\TW1I]7D;PG\)O#GB#Q/J9T;2X+SQSK_BF6SMYK(VU
M]=_6]%`'XO\`A#]BC]IGX$?L._'3_@G-\.=,^%7Q1^#?B7X?_M"_"G]FCXE^
M)_B%K'@/7/AG\,OC39^+%\,_#_XQ^$+;X:>*HM3LO@^/&]YX:\.>,/`>J^(+
M[QOX3\/Z1!KG@SP=JD4]_JGC/[8W_!/3]MGXP^"?&'P2\`R_L_\`BWX477["
M/P&^"_PZN_%?Q)\<_"NY\%_'CX*>)/$^K^*[_P`2>%O"'PI\6#XM^'?B7IMW
MX,TSX<ZIXV\5Q:3\"+K2_%OB;P[X(?6]>UE?'']`U%`'XE_M'_L&?M4_&VQ_
MX*5-I8_9]T?4OVU/@_\`LE^"/`$&H?%+XC-8^&?$GP0A\3'QV_C"ZM_@1/<6
MVAW5QXC*>$KW1;/7;_5(;,2:QI?AY[@Q0==\5/V&_CMXNTG_`(*6_`W39?A_
MJOP6_P""G-M=:SKGCG7_`!EJMQXO_9[\8>/?V9_AO^RI\619>$IO`+0?$'2=
M$\$_"WPEXX^"SQ>)=#>;Q;!>>%?$]IX(T2ST_P`47O[#44`9VD:9;Z)I.EZ-
M:/<RVND:=9:9;27EQ)=W<EO86T5K"]U=2DRW-R\<2M/<2$R32EI')9C6C110
M`4444`%%%%`'\R7_``5(^-\W[7O[>'[,/[`'[&&CPW7_``4`_8V^/'@_]K.^
M\=_%*YF\(_`7X7^!O#/@WP#XLUB+QK?Z+$_Q&^)>@^/?#7Q6\+:+?>!_A?J/
MAW5+J]61=;U:/3M.=7^Q/A7_`,$@]&\;_'S0OVTO^"@OQ&A_:E_::M;G3]5L
M/ALVBVOB#]CSX+SV/A^[T:#0/@'\-OC99?$[X@>$]/2^NH/%NK:U!X^TA_$?
MCS1]&\7IX=\.S6::8.$_X+T^`M7^$?[('C+_`(*)_LVZ7HW@7]LK]C/4=&^*
MO@;XNZ/IFFP>(;SPAJM]X=^'OQ3\+>,XI=.N;+XA^#-3^'EU'+J?A3Q<MUIO
ME^%=(N;.2"?2K6WN/IS_`((L?M&_'+]KC_@F-^RQ^T?^TCX@@\4_&7XKZ+\1
MO$/BO7;;P_X>\+6M]9P_&;XC:1X0^R:#X6T[2M$L;2V\$:9X<L[7[-9)<75O
M;QWFISWNJ7%[>W'1*H_904+J--<LI2Y.=3FW.483BE+V3Y>:*=FI.<7S6YI;
M3C!1I5:<K-14)4WS?Q$GS5;/FA>7,DFFFE&-HQM<_4BOS2_X*7_M>>/_`-FG
MPE^SM\+_`((:3X7U/]H/]M+]I3P#^RU\)K_QRWB%/!/@/_A+X=3U?QU\4O$R
M^&;[1-8U&V\"^#-&U.YTK0])\1:+K.I>([_19;*6[M['4+.7]+:_"/\`X*NZ
MYX:^$O[=W_!$O]I#XGZKHOAGX,?#G]IW]I+X;^-/&'BBZCM?"_ASQ1\;OV6?
M&>F?#>XU::=HK6TFFUOPC>MIFJ74R0Z9>6PN'5@2T>5-*4K2M;EF[.[3<82D
MD[-/5I+1]2:*3J04E=.2TO:_9)]V[)>?<_8SX*^%_'7@WX5>!_#GQ/\`%=MX
MW^(]CH<,OCOQ18?VPNCZGXMU*6;5/$'_``CL7B'4=7UVV\*V6J7MSIWA2RUC
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MOC7X`:_^,'Q!_8X_9HG\1OK&E:OX#^'WP?\`C1\7?'_@V*QOKW1KZ#3?C#:_
MM2_#/PT^O0WMA--IVN:?X"N[$6UQ;7$FGI<0S63?J)7SI\6/VJO@M\$?BY\"
M?@I\2O%"^&O&?[1<'Q:N?AO)?I!;>'YK;X)^$;'QOX^N-=UV[N;>ST2#3M`U
M&UGMYKHF.YF<P[HRNXVI632C%M[R:<FE;5)-N"6C;?)S+?F2-(2DXJG&G%SY
MU.,E&]2\=>5:VDG;X7%WV2U/@'X=?\$8?@M8>/W\??M*_M#?M4_MZVCZ9?V,
M/PA_;9\?>%/V@OV?M&N]2G-Y+K/AKX5^/O`FLQZ)JME=L3H]TFOW4NGVL%A;
ML]U+:?:IOU1^'OPR^&WPC\,6/@GX4?#[P/\`#'P9IAD;3?"/P]\)Z#X+\,:>
MTQ4S&QT#PW8:;I5H92B&0P6D9D*J6R5&.,^%G[2O[.?QSU'6=(^"?Q^^"GQA
MU;P[`EUX@TOX6?%3P+\0=1T*VEG^S1W&LV7A+7M7N=,@DN0;=);V*"-YQY2L
M9/EKV:XG@M8)KJZFBMK:VBDGN+B>1(8(((4:2:::60K'%%%&K/)([*B(I9B%
M!-$IRG\3O;6UDDGRI7LDE=Q25]VK&;4D[---Z6LT[.3E:W;FDVELF]$B6BOE
M"W_;S_8<N]>C\+6G[97[*MUXEENM.L8]`M_VA/A+/K+WVL,J:/8+IL7BYKPW
MVKLZC2K/R?M.H_-]BBG"-M^KZG]5=>:>S]&#C*/Q1:U:U36JW6O5=>P445\T
M_'S]LC]EK]EO5/!6A?M!_'7X=_"C7_B1+>P^`?#WBO78K7Q%XP?3KC3[.^/A
M[0+=;G6-4BM;W5]*L9I[6RDA6^U*PLO,^U7<$4B;2W:7KH"3DTHIR;V23;?H
MEJ?2,SR1PS/#%Y\R12/%!O6+SI%0E(O,?*1^8P";V^5,[FX!KXE_8:_:\O/V
MOM#_`&FK[4_!=KX'U7]G/]M;]IC]DB_T^SU:;6(=7C^!/C2/1M&\4M=2VEHL
M-UXE\-ZCHNJZA86_VFUT_4)[JTANI5BPGU/X@^)?@'PI\-M;^,/B3Q9HNB?"
M_P`-^"-2^)6O^.=1NUMO#VD>`M'T&;Q/JGBN_OI`$M]&L/#UO/J]U=N`L5E$
M\S`!2*_F!_X(>?M4>'/BY_P4H_X*K>"/A1XP/B7X&^,?VD/VC?V@?!L]G:W"
MZ#XCNM:NOV6]!?QSHEY,L27NC^)5O;W5=!OXHS;ZQHFIV>L6<TMG>PN]Q2E&
M;5VXP4TT].7GC%WM??G33_NO579O1H^TA7>EZ=-RU3OHU)OY1BX[6O--[)K^
MK:BBBI.<****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@#SOXF:Y\2M
M!T/39OA5X"\._$/Q/?\`B;0=+N-)\6>/;OX;^']*\.7=WGQ)XFO_`!)I_@CX
MB:@TFAZ3%<W.FZ+9>%;N77]7:PTB2^T6VNY]9L/D#]F?]K+X^?M"Z_XE6;]G
M/X;^%_`WP^_:F^//[,_Q(\3:3^T7X@\5:_X?'P4LO%MG%\0]'\):E^SOX+LO
M$6E>+/&^B^&_"RZ$_BW1]3T2R\5GQ$\VJ)HEQI=Y^@+L51V5&D959A&A0/(0
M"0B&1XXPS$;5+NB`D;G5<D?D+\$OV<?VB]:_9-_X*:?!75O#7BC]FSXD_M)?
M'']OC7/@;XYUOQ%\.M?FT[2OVBU\31?"OXGZ?+\+/B#XWETJ;0KK5=/UJYTK
M6I]!\16%S:I']A60&1`#]&-,_:+_`&?-;B\7SZ-\=O@WJ\'P^TBW\0>/9M,^
M)_@F_B\$:!=R7D-KKGB^2UUR5/#6D7,VG:A%;ZEK)LK*:2QO(XYV:UG"><WO
M[=G[$.FZ3XIU_4?VR/V5=/T+P-;>"KSQMK5[^T-\([72?!UI\2K9KWX=77BG
M4I_%\=GX?MO'UFK7?@J?5IK2+Q5;*T^A-?Q`N/SBUK]GGX\?&:W^!OQ)A_9Y
M\1?!?Q[\!_\`@G?^U!^S+\0O!<^L?#+3KKXD?$+XN>"_A!X=\&?![P+J.A_$
M"Z\,^)/A=X1\3?#_`,0^-].\8^+M:T'PMHQO_!\7AA;K6=>^(=MX(\J\(?L3
M_'*Q;X./K?[*4COX2_X(8>(/V-==>;7/V>+QK+]HC4X?!UO+\-58?$Z4W,>I
M0)X[@G\5VAF\!2PZ_JD=WXF5-=OEF`/Z";G6]&L]&N/$=YJ^F6OAZUTR76[K
M7;F_M8-&MM&@M6OI]7N-4EE2QATR&Q5KR6_DG6UCM5:X>40@N/@WX*_MY^"O
MB_\`M2?MC?!RQ\1?!NX^$7[+GPH_97^(MG\9?"?Q5TGQ1I6KW'Q_O?VA[;Q'
MIWC/4(8[3PQX.F\(?\*8TEK:PBUC5I)K/Q`NIW^HP_;;;3K+PSXJ_LZ?M.>+
M/^".GPX_9W\!^%+32OVF/!7P"_9(TW6OA5XP\4^&(M/\::K\!]<^#OB7XM?`
MK6_&.BZUK_@K[!\9?"_@#QE\(Y=<.OWGA22U\:"ZU?4X=&:^N(?ASXL_!O\`
M;:^-GQS_`&N/VGOA_P#L6_%GP-9^,?#O_!*CXB^$_A'\1/B[\(/A7XY^.4W[
M'7QD_:0\4?&3X0W/B_X2_'36Y/AO\4?^$=^*/A3Q%\)O$VKZ]-X*/B7P;X;'
MB3Q+H.U;&T`/Z)O!7Q%\"_%#PR?%_P`*_&W@KXE>')+O6-+L_$7@KQ7H_B?P
MS<ZSH5]<Z5JVE'Q!X<N-8L$N]*UBTN=+UB"(W%UI=];W-K<VHNK>2W'Y'ZW_
M`,%6OB/X3_98MOVD?&/[,_P[\*WW@C]ON#]AS]I?P'JW[36M1V_P'CN_VF-+
M_9LM?BY;^+4_9O:3XCZ=+<>)O!?Q1'A32_"^A-/\-/%FG:QI_B>_N(+JUC^R
M/V'O`FF^'?"?Q0\?6/[,GQ(_95O?C;\36^)/B7P-\9_B9:?$[XQ>*_$K>#/"
M7A:^^(OQ)U#0_BY\;/"NAZ]K-GX<TW0;31-%\>ZO>?V!X8T?5/$36&LZE<:%
MHOPU\6?^"7NJ?'C]K_\`:_\`#_Q$&E2?L%?M0?";2?BOXC\(V<-O!JTW[:_B
MCX*>/_V-_%7B>WT^26YLI].T7]GN#PKXZCO38Z=<#XPKX,\9)//X@\)66IP@
M'Z;+\=KNW^.'Q>\`:WHW@CP]\)?@O\)O`7Q#\8_&76/B5+82:7KWC>^\>R3^
M$M8\+7O@JU\.:#9>%/"G@:/QEXD\2ZE\38YK/1O%_A&?_A'?L>I3ZA:=%;_M
M)_LZ77@FZ^)5K\??@K<_#FR\3'P5>>/[?XJ>!9O!-IXR62&)O"5UXJCUUM"@
M\3"6XMXCH,M^FJB2>%#:;I4#?EYIGP&_;$\,_P#!)7XF>&?BM\,O!G[3/[=/
MQ+\(:?X@^+OPZU2^T6[\'?$CQGH,'@/X:V?]CQZWXE\/>'KG6K#X+?#3PCJ^
ME:5KWBW2M*\0_$?2-NN:I86^LWJ6_P`A:3\%_P!MCPM^T!\8/B.G[&7QQ\6^
M#/BK_P`%$OV??V@X_B'XB\7_`+(_B#]I'P9X&B_X)Q:3^SSK'Q%^'.CW?Q<T
M?X0>'OB?I/Q<TF[^'_Q$74]/3PI\/OA+\0M?E^%&EZK>Z?9^(_``!^\7BW]K
MW]DWP#X8\/\`C;QU^U!^SOX*\&^+?#,/C7PKXM\6_&OX:^'/#'B;P;<3VUM;
M^+?#^O:QXFL]*UGPS/<WEI;PZ]IUW<Z5+/=6T27;23Q*WB'[37[;_ACX(_%[
M]F#X,>$-:^$/C3QQ\;OVFO"7P)\=^#;OXGZ?;?$OX?:'XC\$^(?&K^*K+X=:
M9;W^KZF8+32]'CNWUBZT"STJV\3Z!J)758M5M83^9W[&O[(G[2/@_P`0?\$Q
M+#XL_LM>(M'T3]E[6O\`@IYH'Q.UOQ'XT^!?B_2_"B?'GX@W%]\+/%UAM^)E
M[XL\2Z+XX\/SZQI<&I:+X8NO$T=A?R2^*=!T2PUB7.7X=^"7[:&GI^RQ\!O'
M'[(WCKQIKW[,_P#P5>\<_M0>+?VG]'\:?`N7X<?%'X/?$OQ3^U%XWT[XI^'?
M^$G^*FD?$RU\?6^D_&32/"_Q"\':SX0TV;2;S0M4MM`U?6]/U7P?I&K`']'E
M%%%`!1110`4444`?E3_P7&TG^VO^"1/_``4)L1'YNS]F;Q_J.S,H&-&M(=8+
MDPY<",6'F%B#&H0F8&$2`_*?_!K_`/%!/B5_P1<_98LI)8Y=5^%VI_&7X5ZP
M8VL]D<GA[XQ>-M5T"'R[5S)"\7@SQ!X8247T5O>W,@>_>.2"\M[F?]@_VK_@
MLW[1_P"R]^T9^S['/I5I<?&[X&_%7X4V5]KD-Q<:/INH^/O`^N>%]-U34H;1
M7NWL],U#4[;4)_LBF["6Q:V'GB.O@3_@BC_P3K\??\$Q?V0_%/[.WQ'\4^"?
M%NNZS^T3\7_BKI^H?#^[\27?AZV\*>+;G1-+\(6.WQ/IFD7EEJR^'?#.G7FM
M:=9V3:;8:E>7%K;ZAK,D4^LW^Z]G]5FG*U5UZ3C'ENW35.LI/FZ)2E&ZZNVG
M5="E3>&<&DIQG.<7S.[YO8Q2Y;-.RC-IMK=[V1O_`+,'CSQI\4?^"H?_``4X
MTOQMXXEU31?V7;;]ECX0_!CP!;:5X6TZR\)>!OC'\!/!'QO\;:[J5]8Z5#XN
M\1:IXL^)/]I0V=YK^KWFEZ5IV@/IFB6\3_VB(?QH_P"#@']HY/VX/@W^T3^Q
MO^RWX(7XB>(?V#M1M_VO?VB?BI=7-_KG@/PQ:?L^6FE:O+\,_!,_PONO%<L_
MQ0\03^*_%?A[6;#XG6OA#3/#5K\-_BC!'9ZAK6BIJ_AK^B3XK_\`!/\`_9<^
M,OQ5UGXW^*?"7C_PW\5?%'A;2?!/C3QK\&/V@?VB/V==6^(?A30&F.A:)\31
M^S_\5OAE9_$RST:&YN+'2_\`A/K7Q'+8:5)_8]K)%I2)9K[[X`^"/P?^%GP[
ML_A)\//AGX)\(?#.RT*3PRG@C1?#FF6OAVYT.X2[2^L-3T[[.T.L)JC:AJ,^
ML3:L+VXUF[U/4[S5)KR[U&]FGB,H1E&:3;3@W'2*YHJ-W=-MWLWM%IN[YM;Q
M1J1IRYI1<[1<8IR>BE&S=U;:\N6.M]VTS\DO^"9G_!17X%W7_!&']GS]J/X@
M:WHG@+0/@7^SE;^`?B+X<U+Q;X0L]9MO%O[-WAVT^'GB#P]IRZYXATFSA\0^
M*[S0-)N_"OAW7=0TC4YF\8^&+&^6VEU.VEF_%?\`X-)_B/9?%S]HS_@M)\5/
M&6A7?@SXW_%+]HKP7\1?%7@K7;L67B#0-,\7^.OVB?$>JZ%/X:EATN[AN?"W
MB[6=0TG7[R70K+[+>SZ?82)9RM]C']/-A_P2_P#^"=.F?$:Y^+=E^Q'^S''\
M1+OQ1+XVD\2O\'?!5Q/'XRGN&O)_%=I97.DS:78>(I[]EU.;6;&QM]1FU6"T
MU62X;4;.TN8?D7]OO_@CGX?_`&G/'/AO]H#]D/XWWG_!.?\`:_TE_$&F>)/V
MG/@9X)UQ_%?Q"\%^+-1N]<\3>%?'?ASP;\5/A#H'B^36/$=]=>(+CQ'XP3Q+
MK2:I)]J@FBG6.9-.:@_:)>TC[2UG*SC3]^,DI)-N:5M9)*2LG&#=TQ2IN,G.
M/[RS::C&3;LO@<G#V4I>\E[SC+GY)SC%^TA^TQ(4%F("@$DD@``#)))X``Y)
M/`%?Q`_\%1]8^#?_``5Q_P"#@C]CG_@F+\1/%5D?V:?V<=!\?VOQ,@\+:WHD
M&O\`Q(^*7BWX:^)/C'\0O`&F^,-'UJZU#2--TVS^"OPF^'OB&QM$T;QKX;\0
M77CVVB%C?-HM^G[1^!?^"5O[<OC?7-#T7]OW_@K)XX_;1_9[M();?Q5^SUHG
M[.FC_LJZ+\1+8V36<>E^/?&WP%^+^@^(/&GAJ<QVLVM^$O&5IXD\->(T2ZL]
M=TV_@O[UI_O'5_\`@F%_P3NU[P?X"\":O^Q7^S;?^'?A;:-9?#Q9OA/X2_MS
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M\$^*]`^%GP]^+5A\._$?QBT'2_%.LZ)\"H+S3;^SL[7X5^+M,\(7'B#5O`WA
M)K+58M?F"VFK:=8^*+S^R_X/?L2?L>_L_>(1XP^"?[,/P)^&/C;[%<::_COP
MA\+_``?I/CV;3[N-([RQN?',.D_\)9=6E]L\R^M[G6)8KVXDGNKI9KFXN)9>
MM\3?LO?LT>-/%US\0/&/[._P,\6^/+Q%BO/&WB;X2^`=>\77<20_9TCN?$FJ
M^'[O69XTMSY")+>NJP_NE`3Y:=&="FTY4Y3:G":?-&*7(^;D46I+EDY2YW>\
MO=;7NI&RJPDVZO/*7+-*I\53F:C&$FW)2?LHPBX1YTE[T592YC_-8_;J^*/[
M)W[6/[$O@G_@GK_P2*_94_:T\7Z+^S)\9]4_:K\;_$B;3W^*VA2Z;K7@CQ?H
MWB";6X_ASXB^,UUI-Q:WWB?PS8V5U-J?A_P[;Z?X:U7[9!+JM\UPO]/?@?\`
MX.5_@8O[(?P$U'X2?`[XN?M,_M4ZUX1\"^%M>_9X\!ZC\/[[QK8^)=`^'7A/
M7/B1K^O:5X#U3Q;XQTGP[I;WFMV]C>P_"RV%SK&C7^GZCI'A:"WG>T_IK\%?
M#;X=?#:QN=+^'7@'P7X!TV]G%U>:=X*\+:'X5L;NZ52BW-S::%8V%O/<*A*+
M-+&\@4E0P!(KR/XQ_L]V7CW18[?P!K;_``=\0R^(8-9U[Q3\/XM1\(^(_$]D
MEIK$4NBZIXC\$ZSX3\0/93:GJD.N3K-J5W;W-[IT0N+.1Y1<P;*K0K5*,)P]
ME3524IU9U)SD_:6=251J%Y<THQEIRM;<^KD:QJT*E6U56A*<6ZD^9+E@Y<D7
M"#E[.,8R=.T.:'*HM0BHI+^?;_@DC_P6+U+2_A[^UA\.O^"J/QB\&_#7]J;X
M8?M2?'.]MO"/CBX^%/P1G@^&5OI'PTU?P_X2\'^%_$[_``H\4>(9(=<\1^+8
M]`U7Q!X3&JZ[8Z?>/?:]<2Z>UM:5/VY]+^)'_!37PY^S]_P4I_X)W^&?'OA;
MXQ_L"_%GQ-;6'@_XV?#R[OM+_:(\":-I_@'XZ:IX?^'UE\.)OBG)J]\?B)\.
MO"?@33K_`$F&RNI]:U#Q=H=S?6U[I>F07?[\?LI7>G_%_P#9T_9[^+'CO0M$
M\0_$75_A?X&U#7/%FK:+HUWKMWXHT_1;>QU76H]173H9+>:\U2"^OH/LBVZV
MRW1CA2->*^K:RK+V6(JQY*:=*K4IVB^>D^1NF^5.*?+*TK7N[/1WU#$5(1Q-
M9JDX2C4<>6-1VCR2LU=)<UW%-.T;-<UK[?S<:/\`$/\`:U_X+;62_L]_&3]D
M[XF_L&?L/7$.F>*?VAXOBMX=\=Q_&?\`:&LO#?B+1)](^"7@35O$_P`+_!OA
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M^T/\5/A;K?PE_L/X4^#_``-\//$O@7XR)K7B&Z7QYXA\3S:]#XL\*RZ+=^!=
M+\-Z9/X1.F:?+YVC^/O%%]<P:G#+J6E:+YD"/[U116"35];ZW7DNQRMIVLK:
M)/S:5F_GN%%%%,04444`%%%%`!1110`4444`%%%%`!1110`4444`%%?.O[6G
M[2OA/]CS]G+XO?M.^/?"GCGQGX$^"?@K6_B#XTT7X;VWA.]\8GPOX=LIM0UB
M\TBQ\:>+_`VAW\UG:0O+]CD\16MU<'$=K'-(=E=1X/\`BGXC\2>,F\(:_P#`
MOXO?#>-_#-YXDL/%GC&?X1:GX3U-].U73-+OO#T-[\-OBQ\0-4T[Q%"NKV.I
M06NO:/H]AJFFF]ET;4M1N-(UBUL`#V*BBB@`HHKE?"FL^)-9BU]_$O@ZY\&R
M:;XKU_1M%BN-;T?7/^$C\-Z;=^3HGC&!]'FF73+;Q':XO(M$U(0ZQI>&M]0A
M20*6`.JHKSOXM?%?X?\`P+^&OC3XO?%3Q%;>$_A[\/M!O/$?BG7KFWO;W['I
MUFJ@1V>FZ9;7NJZQJM_<R0:=HNA:/8W^M:[J]W8Z1H]A>ZG>VMK-XGI_[2WB
M^W\1_";3?'?[,_QD^'GASXR^)(_"N@^+M5U'X6ZY;^!=8NO"?B7Q3I-E\9-$
M\*^/]9UOP5-XBF\/1>%]$N=!M?'&BQ^*M9TO1?$VL^&;J\LUNP#ZPHHHH`**
MAN9)8;>XE@MVNYXH99(;5)(XGN94C9H[=)9F2&-IG`C625UC0L&D95!(P?!N
MJZ_KOA#PIK?BOPM-X&\4:SX;T/5?$G@FYU?2_$%QX/U_4-+M;O6/"UQK^B23
M:+KDWA_49KG29=7TB:72]2DM&O=/D>TFA8@'24444`%%%%`!2$A068@*`222
M```,DDG@`#DD\`5P_P`3/B'X9^$OP^\8_$OQC=K9>&O!/A_4O$.JR?:-/MI[
MB+3[=Y8=-T]]4O=.L)=7U>Y\C2M&M+F^M5O]6O+*Q69)+A#7Q9!\#V_;I\,:
M;XN_:Z^'^H>'/`,&H27?P[_9TDO?%'AO5?#.IZ6]UHFH>.?B)XI@TWP1XYU'
MQ/K$BZQ;>&]!TN71?!FG^"=1L=0O]-\1^)-0M=5T$NKI?ET7?=?U\RXPNG*3
MY8)VYK)MRWY8QNKNVKU44MVFXJ7W'X?\<^"?%LUS;^%?&'A?Q+/9"0WD/A_Q
M!I.LRVHBG:UE-Q'IUW<O"([I'MI#(%"3HT+8D4J.IK\U?V@_V8_AG\`/AUX>
M_:/^!OA2Z\.^/OV-]&\1^/O"-A#JGB;Q3#XC^&=KH?E_%WX7W&F^(-4UI;B;
MQQX`T^]L-"U\*FO^'_%-EH.I6VKP:8-<L=5^T/@+\4[/XX?!7X5_%^RLQIB?
M$?P'X9\6W.CF>*XET'4]7TJVN=8\.W;Q22JFH>'=6:]T34K>1A<6E_87-K=1
MQ7,,T2'1=^J_R[K;T>G9MSA%)3@Y.#;C>249*2ULTI26JLTT[;KH>M445YI\
M9OB=HWP5^$OQ)^+GB"$W>D_#?P1XE\976G1W=K8W.L-H&DW6HVV@Z?<WKI;+
MJNOW<$&C:1%(2;C4[ZTMHTDEE2-@A)R:BE=MI)=VW9+[STNBOR_M/V>6_P""
MB'PCTKXC_M,^*/$MG\,?BYH,/B+X>_`?P-#H?AO2_"?PQ\2"UU?PT/&/C2]\
M,W7C_P`2_$#Q%IUMX=\1^*+[1M>\.>$]'OH;;PYX7TJ_TRRU'Q/XPY#QUX!\
M-_\`!)KX3VWQ:^`=AK^K?L[>%Y])T7XU_`W4KE/$&MZHNM06/@WP5\2?AYXS
MU"RD\0:9XST?Q.?"'A_Q-H'B/6Y_`.L^!M0UG4M,TW1O&NDV,OB,76Z:=]%I
M:UN][J5]$K._>^AHJ<6U%33J-VY;67->W+SMVUZ.W+?1M+4_6^BF1R)*B2Q.
MDD4B+)')&P=)$<!D='4E61E(964D,"""0:?09!D#&2!DX'N<$X'J<`GZ`GM1
M7Y^_\%(?$/Q8^&WP,\,_'SX*?#_Q!\5_B'^SU\5-"^(&D_#/PCH6K^)/%GC*
MU\7^%/&WP&U6S\/:/HND:]=75UHNG?&2X\67[/I5U!;Z%X>U>X?R)(HKB'EO
M"_\`P4GT?XA:_P"'[#X:_LI_M<>./"NL2Z$MW\2='^%MKJ'@/2_[5%C_`&C:
M-XAT#7M?TZ;6?#+:E!'X@TJ6ZL_[/EM=5CGNXS8H;KLHX'$XBFZM&$9P3J*3
M]I3@X.FH2ES*<XVNJD>3?G?,HW<9);T\-5JPYZ:C)7:DN91<&ME+G<8^\M8I
M-MV>BTO^E=(V,'/3\/7WXI%.X9P1GH&&&&..1D]2"1[$4K#(/0?7ZUQF!\C?
ML,6::3^S9X9\.1136\'@[QY\=?`UK:W&SS;2R\$_'GXE^%=/M#Y?R>7:V.D6
MT$&U8QY$<1\J+_5K];2RQP1R332)###&\LLTKK'%%'&I:221W(5$106=V(55
M!)(`-?*_[(,XD\!_$ZW5-B6/[4G[6-LH,HE<[OVAOB)=N90(HO)=I+IV2$^:
M5A,3&5M^%\E_X*$_&OQ+X%\">"/@?\/O#LGB'XA_M8>(=5^!VD7(MI]0M/`N
M@^,-'D\(ZQ\3M8TZP6ZU*?1/!FN>+_",FI2+I\VFI'J*P7]W:W%UIT%][&*H
M_7<\Q=*+A1CB,QQ4N;[%&E.M4JRFTM>6E2O)I:VBTKZ'?7I2KYA6IJT75KU)
MM[*,).564NFD8-NW96/O#0=?T+Q3HVG>(O#&M:3XB\/ZQ:QWVDZYH6HVFK:/
MJEE,"8KO3M2L)KBSO;64`F.>VFDB<`[7-:U<IX#\'Z7\//`_@WP!H;7#Z+X'
M\*>'O"&D/=R"6[?2_#6D6>C6#74H"B6X:TLHC-(%4/(68`9Q75UY,N52DHMN
M*D^5M6;C?1M=&U:ZZ'#*W,^5MQN^5O=J^C?G;<****D04444`%%%%`!1110`
M4444`%%%%`!1110`4444`%%%%`'YI_\`!8WPWXL\;_\`!+G]NKP#X"\%^.?B
M+X[\?_LV?%#P7X+\$?#?P1XL^(?C'Q-XH\1>&;ZPT?2-(\+^"]&UW7+N:\NY
M$A\V.P-K;E@]U/!&=]<-^W-\`].E_P"";_\`P4D;X6:5\=_BMXF^/'['?Q=A
M^'_PZ\50_&CXP_$I/B59_!7Q;HGPMT?X?^$O'</B?XLZ-K4OC>Y\.ZWHWAF.
MPBN_#?CEKOQ5:6^DWUS=W%M^LM%`'\HG[?7P'\&>$/@IXD^$'P)_8]^)_ASQ
M3XQ_X)8_M)?$?X;^+/!/[-_Q=\?QZO\`M5:UX?\`#6HC2M*\,Z5X5.G?!?\`
M:]OO$W@SPAXU\5?M"_%&2W^+NI6$$.A^%UN?'T[Z]HF=^TC^S]J/Q>TC_@H]
M\:;?]F7X^^)_BI+\`O\`@FSX_P#V9/%-S^SI\?(O'+?&[P;#KFO>+/&_PLL9
M_`]OK*_&CPKJCZ3_`,)AX@T:Q7XD>&;/4]6\/>*+C3=/U?Q+I-S_`%F44`?@
M9\)$\-^)OVS/C'\/_P!IG]F3X\ZY^U-H7[<=O^T+^R]\<[#X9_&#3_!.J?LQ
M7/AOPSH7@#6;+]I/P[X>3X>^`?!7PI^'-_XN\&_$;]F_X@^,O#4/C/QI%JMC
M_P`(3XB\;_$F]=OF'2_@KXVM_P!G>?3M,\+^)/A/XP\$?\%)_P#@J-\5?@Y\
M,OVA_P!C?XM_$']E#XF_#KQG^T)\88OAWX/^,/P]TKP79>-O`7A?X@?"CQ[I
M-Q^SQ\6/!]K:0^'9GETG0K3Q,^LV_@3Q#_4C10!^.W[8?P/^/'[1O_!)?X;^
M&OAC\'KOP'\>_"7A+]BOX^V7[*^M^,895;Q1^SYX[^#?QQ\0?LO^(O&&H3BQ
MU>[(\"ZG\.;+7-7NX],O/%MGHVLZI=1V:W$PZ#XY_&3Q=\?OB3_P3['[/4?[
M3OA5=0_:BTZY_:G\&2>"?C=\(KWP?^STO[._QW\1ZAI?QML-5TC0='\*;/C9
MI_P5TRVGFU"'5_$-S)+I?A34]=\):CK_`-I_6FB@#^7/X?Z$?'/[>7P;\0:M
M^S)\=?!OA_Q+^V5_P4M^"G[2.D^)?V>?C9XA;6/"'Q1\/?$Z+P!=?&?]H;4_
M":>&OB;\&_BLGAOP?\0/A/H'A:YG^"GP$^':_#_P;J/B"^U/1/"/B;6?I#]F
M[]G3]KWPE^S'^T-\!-,\/KX?^,?[`_PD_:M_97_X)_\`QA\16&GV</Q2U_XE
M^&)?%WP$^-JZC=W^LWL=_P"%/AG=_`OP#XJ\51K&^J_$6Z^.MIK-]K=Y:W,=
MA^_E%`'\ZDWPJM_'5E\._B3^S]\#OB-\/]&?_@FQ^TQ\-_VT/AY??![X@Z%J
M7BWXH77@_P"%@^`_PT\:^"M<\(0:K\5OVAO!_P`2(OBKJ&F>(M!TOQ'XKT[0
MY_$E]XB\0#2?B-\/O^$J\V\'_#SXJ>&-8_X)^>-O"OPQU_XC^-_"_P"SA_P3
M+^$WQ:_9?_:(_9K^)OA?6?"6G_#_`%[1;_6/C!^RM^T)/X?TNV^$_P`6_@?J
M_B36==_:)^$?Q`;^P_$G@[PIIB^+$\&+J/AC5?$_].E%`!1110`4444`?FUX
MME\??'7_`(*!>&?`5K"-6_9K_9H\/:3XY^(;W/V6YT+_`(:?M=#O-7\'^![Z
MP6P2\?Q#H?@3XR_"[XR:3<7^JW>D64NF:-?VNBQ:]::=K%I^DM?#/[%#R:IK
M?[:WBG4KA;CQ'XA_;B^+5KK41\M9]/M?`7@?X3_";P792Q*QE@$WPU^'G@C4
MX5F6)KJVU"WU&-7MKR">;Y$_X*T_MA_M)?L^?$;_`()T?`[]E;5+#3?'?[57
M[8'@?P+\2[P^"+/Q]J^A_L^1Z[X8\(?$7Q-;:9JD$^CZ-IVCZQ\2?!LMYXDU
M`VYLKHZ?;PW"6MSJ6'3C[1I0WGKJ]%:-W=W:LK/565M;(UE&3DH.RY8VT3:2
M2<I/W8MOJVU%NW>US]C=;CTV;1=7AUIK5='ETO4(]6:^9%LETU[25;YKQI"L
M:VHM3*;AI&5!$'+$+DCY6_8=73(_@7K$6BRV\VC0_M*_MM0Z3+:,C6;:;%^V
MA\?H[);)HY)$-G%;K'#:%',9MXXC&%0JHL?MS>._$/@3]EKXL'P.PD^)?CK0
MXOA)\*M/BEQJFI_$GXM7MM\/O"<.AVH(DU'5M/O_`!`->BLPT4`MM(NKO4[S
M3=(M=0U.SD_9+\&O^SY^R!\*M+^)%VV@:SX=^'-Q\1_C#J7B*2"R_LGQWXR?
M4_BI\8]3UF07%Q;6<=KXU\2>*[V]874T%M$DF)WCC#F?M6MTW^>U]OQTZ[H7
M+^[3OK*I91OJ[1UER[[R23M9NZ6J9\??\%0_C]\4+"?X*?L<_LSZIKD/[07[
M2WB3^SO$&I>$]7&F:E\(_@)K3O\`"WQ)\9-?N[2QOM9TK2="\;>//"EQI,VD
MRZ'K&H3Z'KDNA:_8W6A73+[Y^VWI]WXF\0_L(?"-+MH?#OQ/_;A\!1^,+2Z:
M2ZL]:T+X%?!+X]_M7Z5I.JH[&XU"&Y\;_L]^$)HXVNHUDU&WL[G4AJ.F0ZAI
M>H?"7["FJ>(/VK/^"@WQ>_:T^)'@S6O#E[X=_95^&O@KPEX$\6V^H--\)[?Q
M?\6O%CMX8_LSQ+INA:W8:Y=:O\![OXIVNJZAX9TK6)M,^)UI$A;0;7PYJ6L^
M^?\`!5#XG:I\.O#_`.S5\0_AEJJZE\6_@%^U%X5^*MQX9TGPEKGQ+N_#OPB\
M1?#7XD?L]?'OXN>-O!GA!I-=L/`'P2^#7[1?B'XKZGKNH#3M%?7M!\&^&9]1
MCU#QAHUM?:Q4>9*VK3N[O^(XODZVCR/ENU9)IN5['1*FX5:-&$X*<8\TZBM.
MFI22DU*48SO9>XK<R=UR^\TS]09O$?A;0FFTJ34-.TZ/0M+6\U"&(+%I_AK1
M;:TGGAN]:GA3[!X;TO[%873V<^JRV%I-#8W*VC2"UE$?S'^WSJNB:)^R7\6-
M3\1FT71K;_A!/MAOE1[4>=\2_!MO;^:LB.A_TJ6`)E3B381@@$?G-^T9^T3-
MXD^'?[,?[/?P4\?WWQ5^*'_!22VN)_$GQ;\':E<:%XYTGX?:)K?@>[^)MQX4
MT;3K9(_A_H'A?X;W_P`4/#6D^'=4O]$UKP6/"OB$W]YKOQ-@\7ZQJ/WO^V?X
M(T[]HVQ\&?L?MXHO]"M?BO>W7C#XGS>&TAN/$NA_"KX=VUQK>FZPLDRFVT2V
MU7XP0?#?0[>]NG^T:K"=;T_2[.\BMM:O-&SY;KWM(RNEH[\M[-KOK==-4UT(
MITW3JT93T2J<S7O7Y*4DY.R2DKVDHKXG9:)M'OO[.&BZYX;_`&>?@-X=\30S
MV_B30/@Q\+M%\007)<W,&N:7X'T.QU:&X,H60SQW\%PDID57,BMO`;(KV>L*
MQ\1>&;OP_:>)--UW0KKPM<V<%W8:_8ZII\^@7&GR[4MKJTU6"=].ELY,HL$\
M,[0OE5C8Y`K8M[B"[@@NK6>&YMKF&.XMKFWD2:"X@F19(9X)HV:.6&6-EDCD
MC9D=&5E8J0:6G2VWX?Y&$KMMM-7D_D]VO5$M%%%,D*:_W3^'\Q3J1AD$#^GK
M[@C\Q2;LF[7LF[)7;MTLM_0#Y+_9%:WCT?X_:;!+&\NE_M:_M$K=PQM(3:W&
ML^.;CQ4D,B2*OER2VGB"UO=J%HW2[296Q+M7S?XZ_L-W?QB^/]G\?M&^.OQ"
M^&.M6_PYT;X;S:=X.UKXAZ-+/I&D^)M2\3.D>I^%/BEX0AM;'4;N_C;4-+AT
MGR;Z[L+'4-0GO9[.R6T]6_9O\/-X8\:_M@6`GFF@OOVIKSQ%;++'%$L"^*?@
M!^S_`.([J"W2$!3`NI:I?.97S+-/)--,?-D8#ZGKV*^-K8/,:V*P-;V<JU"%
MYJ,*B<,7AJ4JU-QJ0E'>;B[QO%K1IJYZ%;$SHXRI7P\TG*,;2<(33C.E"Z<:
MD91U3MK&Z/R^\6_L3?M906=U<_"+_@H3\2_!>O0/+<Z0?%GA?6OB=I1D4F:&
MPU"U\>_$[Q'9R6LLV8Y;N?2=1D@@?"64Z1);M[A^R[J_[6GAG4[_`.#/[4&A
MCX@:CX<T6\UW2_VI/#=[X3L?!7Q%M6NM`M=-T&\\#Z3H7A75O!WC2-K[7);[
M2AI&JZ/'8Z$M[%XIU%]5MH8?M&BLZV:XC$X=X;$4<%5BFI4ZJP6%H8JG-+E3
M6*PU*C7J14>9>QKU*M!N7.Z;J1A..-7%U*T7&K"C-M>[*-"E2G%JR34J,*=]
M%JI<R=[M-V:****\PY0HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****
M`.&^)'Q0^&GP;\':O\0_B]\1/`WPK\`>'X?M.O\`CGXD>+=`\#^#M#M\$_:-
M7\3>)]0TO1=-APK'S;V]@CPI.[@URW@C]HC]G_XF^(G\(?#?XY_!WX@^+(]%
M3Q&_A?P1\3?!7BOQ$GAZ21(8]>?1-!UN_P!2717FDCB35#;"Q:1T19RS*#\/
M?\%LO^41O_!1G_LT3XU?^H=J->?_`/!8S[-_PK7]E3_A7'E_\-F_\-P_LL_\
M,=?V1]E_X3?_`(2#_A<G@S_AH+[#_P`OW_"M_P#AEO\`X7!_PN?S_P#BDO\`
MA"/-_P"$S_XEOV>@#]@Z*_#^^_;&_:.UKX0Z?^UCX2\4ZG;7/AO_`(*:?\,<
M>-OV/[_P=X+?3+OX877[=4/[$5M'%K$OA-/BK8?&`>"]3\-?M1QZQ%X];P7;
M6^H:KH%WX;OO!\=IJEGR'P]_;>_:'U*[_96L-4^*MIJ]]XW_`."W'[=/["7C
MFRN/"_P[@N_%/[/WP-7]N=_`=I?V^E^&;";2_%'AU/@+\*'O?$_AI-!EU%=1
MU!M9M[L:]9FW`/WDO[^QTJQO=3U.]M-.TW3K2XO]0U"_N(;.QL+&SA>XN[V]
MN[AX[>UM+6WCDGN+B>2.&"&-Y975%9AQ_P`,?B?\/OC/X#\-_%#X5>+=%\>?
M#WQA92:EX6\8>';H7VAZ_IT5W<6)O]*O554O+)[FTN(X;J+=!<+'YT$DD+QR
M-^6?[+?Q@_;7^.WQ$_9G\6ZUKOB;3OAOJNG?M8W'[5NA:=X*^'$?PC\,^*O`
M'Q7T[PI\`M!^"WQ1N?!,NK?$?PAXOT]?%^-?\(>-/'!UWPEH&F^)=5\0>"-9
MG2R\1_FM\)?VFOB_\'/^":'[-V@?`[XTW/@CQGX)_P"":O[97[3DO@GPUX.^
M'&H:\U_\)/'.AVW@OXH^/_&GQB\/>+?!>E_!#PGJ&JZ_X>\4>!_"FA-\6_'/
MB;Q5X7F\,WEMX=\.>++JT`/ZL*\D^)'Q_P#@1\'-5\*Z%\7OC9\)/A7K?CJ[
MN;#P1H_Q(^)'@WP/JOC&^L[2YO[RR\*Z?XGUG2[OQ#=VEC9WE[<V^D0WDT%I
M:W-S*B0P2NGY2:7^V)^T-8_M"?`&]^+FL^+_``[^SW\?9/V8/#WP\\;_``6\
M,?"?X@?!;2_B_P#$3X6Z;K'C3X`_M.:;J.B:I\??@IXW\?>,?%FC:K\)/'>D
M>(;WX<7V@ZE\/_#NKW?AW7KS59?%ON?[;?\`R?'_`,$:/^SN_P!I;_UVM^V=
M0!^@?P\^+'PL^+NF:AK7PG^)?P_^)^C:1JMSH.JZM\//&7ASQKIFF:Y9A&O-
M&U"_\-ZEJ=K9:K:K)&USIUS+%>0!T,L*AESZ!7\]G[=_CGQ+\+_^"@GQ`^)W
M[)VM_P#"-_$WX:_\$FOVSOB'^V7KGARP\.ZKI&F3^"(?`?BC]@NY^)6F:OIV
MK>'[_P"("^+-*^."^"+/Q%I]SXGN/ABWC.+3%3PHU]*G'?M<?M\?M2>`OA!^
MTQXI^&OQM71=<\`?\$2_AQ^VWX3O].\&_"?7!H/Q]U7Q!XL@OO$@MM;\$:W9
MWVA^(M*T'3VF\-:S;ZAHJ07=S<Z);Z:9;66W`/Z1**_G=_:+_:>_;0^`^M?\
M%(?AYIO[3E_XHUWX#>'_`/@F#\6OA+XRUGX0?!FU3PC-^U_\??BI\&_BS\-1
MX;TOP9:V^O?"RVLOAK:ZYX/B\3ZEK7Q7T:XUF^LK_P"+NM1P6=S%^A7[%_Q"
M^.%U^T)^WQ\`_C!\8-2^-^E_`+XI?!=OAOXQ\1^"OA]X,\5:;X?^+WP"\%_$
M?6_!M_%\,?#?@_PUJV@^'/%E_K(\'7U[H$OBZVT"^@TOQ5XH\7ZA8KK<X!^C
M!SVQGWHHHH`****`/SI^(7P_^,O[-WQW^)_[47PGL[CXJ_"GXGP:1J_Q?_9Y
MT6T\5'Q_<^/K?PMX,\`3?$OX8V_AJUU/PWXCUJ'P?\+_`(>Z,WAOQ/X:MM:O
MHY_%-X_Q.T[2[?1/#4/XT_\`!1?QE\9K']MO]DG_`(*.>&_AQ\:OAS\'O@O#
M\+/@[\5O#GQ3\#>*O!EQ;_"J^^,_B?XU?'SQIJ$UAJ1\+Z.F@^%_A-X`BT.^
M\2>((O#EU;:IXBN?&:Z3IVD:+=WO]5E9VKZ1I7B#2M3T'7M,T[6]"UO3KW2-
M:T75[*VU+2=7TK4K:2SU'3-3TZ\BFL[_`$Z_LYIK2]LKJ&6VNK::6">*2)V0
MU&3C)2W5G%IVU35GKTTNOZUZJ6(C32YJ2E))PYU)Q?)I9<NL6XM73M=ZIO:W
MYNZ9XX;]JO\`;ML]!T>QE'PC_84O/$GB*7Q=:7AUWPA\5?C)\1/`]OX"T:ST
M>>U@N?#*WGP;%]\9_#_B=FOG\4^'?'%A!I%HMCL\5VD?5_\`!0;6?']]X2^%
M?PB\+?"_Q[X_\(?%_P"+?PHT?XJZKX#\(:UXONO#'P^T;XZ_!F\\76VL6FG`
M:9;:#XH\&7?BS3?$%QXC>31(?#5OKM[J>GZOI5CJ6F7/VSX"^'O@'X5>$=%^
M'_PO\$>$/AOX#\-6\MIX<\$^`O#>C>$/".@6D]U<7T]MHGAOP]9:=HVE6\U]
M=W5Y-#864$<MW<W%PZM--([>:?M3_%2/X&?LR_M#?&>2[-D?A3\$OBE\0H+A
M)+>*9;SPAX)UO7;".U:[BGMFO;B]L;>WL8I;>X6>\E@A^SSF00NE=RBEK[T>
M5=[-.SU?Q==;:F<:OOTFXQ2I1Y(IR=D[RESN22>E2;FM-+*.J1\*?L_?M'_"
M71_#O[87[;=UK%J?"GQQ^-/AZR^%NCOK?AJ+5?'LOPJ_9C^&?AC2_`7@J\DU
M/^S?%GC3Q+XZ\*_$FQT+0_#NJ:HUU=JMA;V,>L6FO(/K[]FOX"Z;\.]-\4_$
MKQ-I]I=_&3X\SMXS^+VK7&G6[7:WNM:OXA\2Z;X!CU74--MO%6I^%OAKI_BK
M_A7OA2V\3W4\UGX7\-Z/:0:;HD,7]E6_YE_\$=?V;M+LO@!\'=2O(_#WBSX(
M?`_P]XS\(?L\176FW=YI>J^-=?\`CQXU^+'Q'^-N@:5XBA34_#^HV.NZAX=^
M%^BW6OV]UXFT_4_AOXKU3PU<Z#X=\2$^)/W;HDK3DE)N*;BFX\CDD])2C=\K
MLM8N]G?4JNN24J:LVG&,K2<TE!*,8*<E%R226KC%[)Q3C9?S4?%+]@?X\^)O
M^"J'QO\`BQ^SM%XU^`FF7FD_"=M!^(%O<^,O"'P,DU>^\!^-=1\?^*K?PYX&
M\!Z3;^/_`!/K>L>)O$EAXRL[/XI^#KJ7Q)=:3?:UXBOKKQ'?Z=I_W%X[_8V^
M-GPP_9D_:3.F_&WQS^T/\??BU)\)TMO$6NV/BVU?1](\'_$BSUZ3PQX1L8/$
M/Q%\::9X8M#XE\<:I9Z-'K^J6NG07_ELJXU?5-1_76BD[O?71+;HE9)][+N6
M\7/]PN6"C0Y+*UW-PDIWE)^\N:2NU%JUWW/Q0^&GP;UO]L_]A;3_`-DBQ^%/
MQD_8?^"ND_`BQ\`:8_Q`\$7?@3XR6GB<>%KWPUX<N+/P'#I/AOPGIND>#?%E
MCJ/C2_CM]0EU#7!!X%U"PC\%ZEJD]QH_JOPL_9;_`."BGPF^$'@G]G+0/VLO
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MHQINJHRC9RJ.ZEJWJ^:\4K*UDK?%;?\`!&G5_&%W<WGQH_X*2_\`!0OX@)-?
M7&HPZ%HGQMNO#7A*UGN1,[00:!XK@^)H2PM9[F633;5;U7LDBL(S<3O:--<=
M5=?\$0OV1IXM]KXL^.&CZQ]C-F?%.C:[\,M/\5.3*\YNWUR/X3&Z:],SK*9R
M>9(H7*[D!/UM+^W)X*O(FD\(?`7]M/QLZK&WDV_['?Q\^'K-O;D1R_&[P7\*
M[23RX<7#%+EE9"(8FDO`UJ,9?VT/B-=1^;I/_!/+]NW5`7*QHVC?LL>'99`I
M(>39XS_:L\,F%%(P/M)ADEX:".52&.?-JDY)-67O-1[6UE;35;Z#MC(4^:_)
M"3O92I1UMOR)IK3^ZK[;GQI;?\$8M3\',A^$7_!2W_@H[X)B:5)[O3M:^/5Q
MX@T>ZF@.^#.G>&-/^'BB$R%C=QRRSO<I)*B2V[2&0>X^&/V/?VZO!?GVVD?\
M%!=!\2Z?.P8?\++^`GQA\8:S#Y:^5$L.KVO[:V@P*IB5&N5_LK]_=>;<*8%D
M$,?JL?[9?QDG+K;?\$SOV\YF12S+)J?[!M@.V%635?VY;"*1FR,"*20#/S%=
MK[98?VU?'$/_`",/[`'[=WADEWC43>$?V>?%Y9HU4MS\+_VD_'JHFYBB2S&.
M&4HSQ2/%LD>9QC.<93<926D?WB[):14K;6Z;^95*MC*EL/3<97VC*%"[^U9U
M:D4V^UYWZ+<_._2?A1^V_:?MN?$;X!M^VM\/K76_%WP4M?C_`#ZAI'P)^+FC
MFXT^#4/!?P>B:"R/[9EY=V<XE\.V\3ZP\6L01R6[(LQ94TRU^K_!7[/G_!3W
MP7>RZC/^U]^S3XV43Q/%HGBKX$_M!RVLL,1MIW1]5?\`:VU$6S7$L$EJ=NA7
M20V]S),1<LK6LNI;>.K#Q7^VA\$?C'9>`/B]X`N/%WAC5OV=M;B^)GPG\9_#
M^X33K?PU\3_B_:17/B+7-/3PEJ>EW?B+1]$LM/TO1M;OM7N_$*I+;V\MC8WL
ML?Z=UWXRM*K]6J>SA"^#H4U)0I^^J2=+G24$DWR6:MS::MW3.G&8K%P]C3JQ
MI1OAZ?NJG2E=1<J;YG%.SO!^[?E2LXI)JX,X&<9QSCIGOCKQ^-%%%<)Y`444
M4`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110!PWQ(^%_PT^,G@[5
M_AY\7OAWX&^*G@#Q!#]FU_P-\2/"6@>./!VN6^"/L^K^&?$^GZIHNI0X9AY5
M[93QX8C;R:YOP1^S[\!?AEKK^*/AO\$?A#\/O$LFE)H+^(O!'PU\&>%-=?0X
MV1X]&?5M!T6POVTI'CC9-.-P;-61&6$%5(]=HH`\?LOV??@;IGQ*U+XQ:=\)
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M;*XL?"\ZFY!A\17L&HZ?/::)(%U*XAO[*2&V=+J!I`#\A?V3_P#@D[IGP,^(
MG@'Q[\0_#O[".K^*?AE)J]Q'\;/V?OV&-'_9Y_:;^.&IZUX:\0>$M5U7X^_%
MNR^*GC*'6[;Q?IOB34M8^*_AG0?#MEI/Q,\9_9-9EG\->&H+WP1JGWEJ?["W
M[%>L6OP_L-1_9*_9NN-.^%&E>*]!^&>E_P#"E?AW%I/@+0_'(C/C'1O"6E0>
M'HM.T+2O$TL,%UK6G:=;06=_?6]O?W$+WMO#<)]544`?._@3]D?]E[X7:OHV
MO?#;]G[X0^`-4\/66@V&BW'@WP%X=\-QZ=!X5\/1>$O"TEO::186EFM[X9\*
MQ#PUX>U)K=M1T30);K1],NK73[R[MYNM^)'P`^!'QCU7PKKOQ>^"?PD^*FM^
M!;NYO_!&L?$CX;^#?'&J^#KZ\M+FPO+WPKJ'B?1M4N_#UW=V-Y>65S<:1-9S
M3VEU<VTKO#/*C^MT4`><^#_@]\(_AYX>UGPCX`^%GPY\#>%/$<U_<^(?#'@_
MP1X9\,^'M>N-5@-KJ=QK.BZ+IEEINJ3:C;$V]_+?6T\EY`3#<-)&2M>#>&_^
M"?7["GA#P[J'A'P[^QU^S-IWA;5_!$OPTU;PY_PI+X=W>B:I\/+C4YM8NO`^
MI:9?>'KFSOO"EWJ4PNKW0;J&73;QK738[JVEBTK3([3Z_K.O]8TG2I=,AU35
M-.TV;6M171]&BO[VVLY=6U9[2\OTTO3([B6-[_47L-/O[U;*U$MRUI8WER(C
M#;3.@!XGX@_91_9;\6W/B*]\5?LV?`+Q->>+](\$^'_%EWX@^#GP[UFY\4:!
M\--1;5_AQH?B*?4?#ES+K>D?#_5G?5/!.FZD]S9>%-1=KW0H+"Y8RGO?"_PG
M^%G@CQ/XQ\;^"_AI\/\`PAXT^(DFD3?$#Q=X7\&^'=`\3^.9O#^G1:/H,OC'
M7])TVTU7Q-)HFDV\&EZ1)K5W?-ING0Q65F8;:-(E]`HH`**SKO5])T^\TK3K
M_5-.LM0UVYN+/1+"[O;:VO-9N[.QN=4N[72K6:5)]1N;73+*\U&X@M$FE@L;
M2YNY56W@ED31H`/\^O\`*FQNDJ)+&RO'(BO&ZD,KHX#*RL."K*001P0016=K
M6KZ?X?T?5M?U:8VVEZ)IE_J^I7"Q2SM!I^FVLM[>3""!))YC%;0R2"*&.260
MKLC1W(4Q>'M7T_Q!H&AZ]I,YN=+UO1],U?3;DQ30FXT_4K*"\LYS#<1PW$1E
MMYHY#%/#%-&6VRQHX90KJ]KJ]KVZVVO;MTV#^OZ^]&Q1113`*_&W_@K'\=?#
M&MCX)_\`!-JTNKF;X@?\%`O%?A;X>ZQ%X?N=1?Q+X9^!EO\`%SX8VOQOUT6E
MKHUWIEK!JWP<N?BI;Z=J6OZ]X=B27P_JLVDP^)+S3KC2*_9*OR?\(?!'3_CO
M_P`%-OB-^TKJUZ88OV.Y?#_PN^'8\FWOKK5-;^('P6URW^(^CW3ZA;B^\.Z1
MH-MXWT?5]'.AS-9:UJ&O:V]T?-^UI3C/DJ4Y6O:3=DTG>,6XNSWC[104TM>1
MRLT[-:TK)RF[6A'F5TVG*Z27N]6W[K=XJ5G-2@I1?Z7^`/A[X'^%?A+2?`7P
MW\*Z'X)\%Z%]O_L;PQX<L(-+T;3/[4U.\UG4?L=C;*D,'VW5=1OM0N-BCS;J
M[GF;+R,3V-%%(S;;;;;;;NV]6V]VWU;/A7]J;XP>(/!OQX_8X^$OA_7=9TF3
MXS_$'76U*TT2X%O/JND?#K5_AWXEU:UO&_LJ^9]*DT>XU2VUB$7NF?:='N=1
MMC).)<1?=5?DQ^TO=1_\/5?^"<MO+?B2)/"7[2@&FM#<R+:7,_PN\1+%>@L1
M:AKYQ;1!H%:=#IRM<LD:VI'ZSC@`>E>UFF%CAL#P_)02>-RNMCI3LDYREF^9
MX.S:U?)'!1CK?3;2QVXNFJ=#+TE&]3"SK.459RY\37@E-ZW<5323T]VVG5\G
MXZ\'>"_B%X1U[P/\1/#^@^+/!/BJQ;0_$?AKQ/96FI:#KFGZA)'`=,U*POD>
MUO(;N9HHEMY482S-&J*9"@KS?X>?LP?LV?"6TALOA=\`/@Q\/;:&5;E%\&_#
M+P9X>D>Z$`M?MLUQI>C6UQ<WSVZB&2^N)9;N:/Y99G!.>>_:RT:R\5?!X^"+
M^WTVZA\>_$SX(>#O+U6P74;6&+6/C+X%74-1CMI`T#:EHNE1:AK>B/<%(4UK
M3M/);?L!]Q\&>&K;P9X/\*>#[*4SV?A3PWH?AJTF,,=N9;;0M,M=+@D^SQ?N
MH-\5JC>3%^[BSL3Y5%>8X<N&A4576I6JTW17,O=I0I255N_*U)U902M>\):[
MVY[.%&-15)1E.I.'(DTG",87GS)V=W)Q:M]G?=+HP`H"J`%```````&``!P`
M!P`.`*6BBL#$^?\`XL_'BS^%WQ"^#'P[.AIK6I_&'6M0TZV?^UGTZ71].TK7
M/!.AZCK"VPTG4$U*.TN/'.F&2V>[TUBQCC25A-)+;>_COSGGUSCV_P#K5\/>
M(-1MO'/[??A_X?7,5P+'X4_LR-\3)+A7B$4GB'QQ\8=(TW1+>.&<3JPM;/X;
M:G->SPV\$RK?V4<%\6\^*+[A`QZ]<\UW8W#PPU/`146JU;"1Q->\KJU>I4GA
M[*[2OA_92LM?>N]SMQ5&E0I8)1O[:KAO;UW>Z_>U)NDDME:DH\RZO5[GR'^W
M;XBUWX>?LN_$_P"-?A'0]/\`$'C/]GC2?^%_>%[#4FE2UEF^%F[Q)XEM))8+
MRQN8H-:\!P>+?#E^]I-)>'3-9O8[.TOKMX;.?Z.\!^,])^(/A32O%VB3P7.F
M:N+_`.RSVLS3P/\`8-2O-+G\N5XH&;;<6<J-F)=KJRC<%#'FOCII=CK?P2^,
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M;M\CVRBOA'PU_P`%"?@O\1M6NM(^#GAOXF?%^6SUL>')KKPMHGA?PW:#6BZ*
M+$'XK>,_AS=-E&\[[2+0V@C!'G^<!$WLT/Q:^,6IIC2_V6?B'I,N%(;QY\0O
M@=H]D007;]_X'^)/Q,O`RJ`@']FE6G=$+K`9+F/J>78R.E6G3H.R:CB<5A,-
M-IV:?LJ]>G5V:?P=;LZ)8'%4VHU:<:$I+FC'$5J.'E*.FJ5:I!]4GI=/1GT1
M17S1?:[^V'?1K'I/PP_9O\-M(X_T_6/CC\2_%TMO">\N@Z?^S_X0AGN%&-T4
M7BE(=Q(6Y<*'?,?3/VW[AEDC\:_LJ:4C!-]F_P`,/BYX@:(X'F!=27XO>&1<
M`G<48Z3;8!"LIVEFF&$4M)XK"47_`'ZLI];;X>G6CKOOLKBCA;J\L1A:>K5I
M5N9Z=?W4:BMYIGU517RCI>N_M4:%\1_"?A7Q%J'P.^).DZS:>(-4\3_\(MX)
M\:_"2X\':%86$B:/JHUG7OBG\6SXDN]2\3-8Z&=$L/"EF5LKF\UJZU?3ET^"
MQU7ZNK&K3C3DE&M1KQE&ZJ47-QTE*+BU4A3G&491::E!7T:O%IO&I3]FTN>G
M44ES*5-MK=IIJ48R333TE%76JNG<****R,PHHHH`****`"BBB@`HHHH`_*O_
M`(+AZ/I.L?\`!(O_`(*&IJ^EZ=JJ:?\`LJ_%W6+!-2LK:^6QU;3?">H7&G:I
M9K=12BVU&PG`GLKV$)<VLP$D$L;@-7D7_!3+X:_#S]D[X;_`[]IC]E?P+X0^
M#G[2?A+]K/\`9&^%WP^TCX2^%]-\$M\?_#'QE^/W@#X3_$+]GKQSX>\'6NDV
MWQ&\(:O\+O%7C3Q5I>B:U::E/X.UOPC9^,_"$N@ZWI`U-/U/^/WP#^%?[4'P
M@\=_`;XW>']1\6?"CXF:#?>%_'?A;3?&'C7P,WB/P[J<#VVI:+>:_P##_P`1
M>%O$T6G:A;R207MK9ZS;1W4+&.=73`KD=+_9*^!6G^/?!?Q.U#P[XK\<>.?A
MM]NE^'.O?%KXM?%_XT2?#[4-4TJ?0M5U_P`#6/Q;\=^-=+\(>*]5T.ZN]$U3
MQ=X>L=.\3ZCHUY>:5>ZO/87=S;R@'YV>$?V[/%]M\<OC1\$+?PE\$_#GQ=^(
M7_!5+5_V+?AQX[LO`^NZ3H6K>%?`'[`?PD_:YUCXC_&JTB\<#5OB!\1M,^'E
MOXA^$GA7^S?%7A.WUN^M_A?IL%AI&C:3JL;_`"Q^S9X_\>_`G5_'GA?5_"W[
M/_BYOBC_`,'`7CCX/>,H4^%NLV/A_2?^$A^"'A#QOHGQ)^%.C7/CN^/P]\;Z
M7+X-@O`VJW7CS[%J^NZC+::K,UFE]J/ZT^.O^"<_[)?Q!TCXGZ9K7@3Q79WW
MQ9_:`\.?M6>(/%N@?&#XQ:)XZ\/?M)>$?"/A_P``^&OC3\+_`!E9>.TU_P"$
M/C?2O!'A?0_"*W?PPO?"=C?^&;6?0=5T^_TG4M4L[VMX2_X)O?LE>#(M/32_
M"/Q$O)M,_:,M_P!K6VOM>_:"_:"U[49?VA[;PY-X3'Q-U.]U3XGW$^N:U=Z!
M<3V>LP:XVI:9XDGEDU7Q)8ZOK#MJ!`/$?@M^UW^UK^T/KGPT^(7PQ^$/@./]
MF'XE>,_C[\/]3\;>(+CP6=8^&1\!^(O'G@?X9>/Q>Z5^TE<:M\59-3\<>!;?
MP]\1O@S;_"OX7^)/#U[XIN[33O'T\O@.[D\5^C?\$R_CQ^T1^UU^R)\(?VH/
MVAV^!UK9_M&_"3X;?$SPA\//A'X&\<:&O@:Q\4^')+GQ'HOB[Q+XX^)/C>+Q
MZVJ7$UEJ.ER:7X:\#P^'+2YO/#-^GC%[.+Q9J':^`?\`@G?^RS\+_C)XZ^.'
M@'PQ\0/"WB?XA^)O&'CW7/"FD?'/XW6?P=T_XF_$.QU33?'_`,6/"/P0@^(*
M?";P3\5?&5EK.IQZW\0_"?@_1_%37&H:IJ5CJ=CJNM:Y?:E[W\"O@'\*_P!F
MKX,>!/V?/@MX?U'PA\)/AEX9MO!O@3PQ<>,/&OBRZ\.>&+*-XK#2+3Q5XT\1
M>(O&,UMIT#_9]-:]\07,^GVT<%M92P06UO'$`?GM_P`$B_#_`(*\"?`G]K&X
MT;0_"_@W2;3_`(*8?\%0$U"?3--TGP]I]MHWA?\`;=^.>F:6EY+:P6=M#IGA
MW0;&#3]/6=EM=(TBSBM+<6]E;I&E;XL?M^?%GP_\-OVCOVD/AKH/PUUWX-_L
ME?M6#]G_`.*'PSUO0O%DWQ9\8^$_!?BKP+X)^,GC'PIXUT[QC8^'O"?BW0]2
M\;:CXB\`>!]4^''B^S\9^'/!NFPW/BG1+OXFVMSX#^HO#7_!/O\`9>\(^'=>
M\'^'_#_Q7LO"/BOXI^)OC1XL\*R_M/?M0ZAX:\6?$7QM\0[CXJ^-]7\5:#J7
MQDO-*\2Z9XV\>7E_K7C/PCKEI?\`@[Q9#J6J:+XAT#4M`U34-+N>NOOV-O@#
MJ'Q`\<?$.?POJZ7/Q/\`&/@GXD?$OP;;>,O%MM\+O'_Q+^'$/A^V\%_$7Q7\
M,8=93P5J?C'2+7PEX3M[O56T>,>)AX2\(7'BZ#7[SP?X7N='`/S+\2_M\?ML
MZ=XG\1W?A^Q_99U+P9X7_P""H=G_`,$\9/#^L>`_BUI'B?6])^('ACP4G@7X
MFIXPLOBYK6E:!J/@KQGXVTZZ\6>'&\#>(K;X@^&([VPT?5/AOJMG!J.I>`?&
M/XQ?'KX]>*_V&;;QY;_`0?M+_LV_\%R_BI^RQHOQ4\,_#SQGHOPRUG3M,_8#
M_:R\7:5XU3X<:S\2/%WC_0M.U#1-?\(77C/X96GQJNH/$GB7P7%!;>/M%M+C
M2]5T']E+C]@G]ENZ_M7S_`WBM_[:_:9T7]L34MOQI^.4?VC]HWP]_8O]C?$5
M?*^)"?9_L/\`PCNB;/"-KY/@27^SK?S_``Q+A]]#6?\`@GY^R_JT6H/%X5\:
MZ)K-[^TNW[8EMXIT7XR?&"W\4:%^TE+X,U#X=7/Q-\-ZM=>.;U]"FO\`P%J^
MJ^#]4\(Z?'#X`U;P]J5]INJ>%+RWN)%(!^?.A_\`!0S]KM]#\=_#7Q?I_P"S
M5H?[0GP5_:`_:B^`GCC6O#_@?XJ>,=!^+5W\'_@=\,/CG\+O&OP6_9YL?BG9
M?$33O"GB7PS\;?`J_&/6?$GQ?UOPM\%M1TG5-)UKQ=>?\)5X=U2RZ3X$?M]?
MM2?M&>.?V9+CP_!^SQ\,/A7\3/\`@G!^RG_P4;^+*>)?`7Q.^(/C32-`^+NJ
M(/B3\'?`VH:)\5/!.DB^CT&Q\07G@_XF:SH&IIX=U*VTFSU;X9>-X+^ZNM.^
MT_&'_!.C]DWQQJ/PPUK6?`_BNVU[X4:U\7]:T7Q'X>^+OQ<\+^)_$S_M`)HW
M_"[=+^)_B;P]XWTW7_BKH/Q1E\,^$Y/&.B_$#4?$-AJL'A/P[I+PIH.G+I+[
MO[/_`.P9^S+^S#K'@#Q#\'O"?C/1M=^&7[/_`(8_9<\(:AX@^-'QJ\=Q6'P,
M\%ZO/KOA3P//HOCCX@^(/#E]!X;U&YF7P_JEWHTNM>']),/AK0]0T[PS9V6C
M6X!^7.A?%CQ_^T_^U5_P0]_:YUF#X367P_\`VA?#/[4/Q-^'OAWP_P"$=:@^
M)_@3PC\1OV3O$OCCP)X5\7?$2[\:Z]H_BV\A\&ZI80^/=/TCPIX,LM'^(.EW
M:Z='JUA(C:?_`$%5^?/PN_X)??L>_!KQ[\./B#\.O"/Q&T"\^#'B[QYXR^"G
MA%/CW\<[GX6_!B]^)UC?:?XZT+X4_"FY^(<OP^\">!/$46JZLU_\/?#_`(=L
M_!,@OQ;#01I^EZ%9Z5^@U`$%S:VU[;SV=Y;P7=I=0RV]S:W,4<]O<6\Z-%-!
M/!*KQ30S1.T<L4BLDB,R.I5B#*B)$B1QHL<<:JD<:*$1$0!41%4!555`554`
M*````*=10`45\V?&#]H-?!>MI\-?ACX=3XL?'.\ATN_MOAE8:A<Z8^E^'=2N
M9+:?Q;XDU[^RKW0M"TG2%6.YFAUW4]$-_P#:M-LXKVUGUG2I+FS;_"?XD^,(
MUNOBM\:?%2O]H5D\,?!RV_X4]X8BMX1Y.VYOK/7/&7Q(N[V^C:<WDT7Q.MM-
MCCN('TW1M,U.QBU$]2PLHTZ5:O4AAZ=;F]DIMRK5(Q46YQH03J*F^9*%6HJ=
M*HU-4YR=.IR]/U:484ZE:2H0JIRI\R;J3BK6G"E%<W)*_N5)<E.=I*,VXM'<
MZ]\;O@_X9U.30]:^)G@FU\11R2PCPO%XBTR^\633P&`36UIX4T^XNO$5[=1&
MYM_,MK/3)YT\^$M&!(F>2TOXD>&K6ZUFX^&OP;^)/B&?Q+J[:_XDU'P_\.[7
MX>6^NZ\^F:;I*ZYJ&J_%6]^&5GXEO+C0M&TNSCU^SNM6AFTW2=.T\:@S1:=:
M2:>A_LY_!'0-2BUN+X=Z'K?B*%_-B\4^-3??$+Q;'.7#O<KXK\=WGB/Q&MU,
MRQ"YNQJ?VFZ6VLTN994LK18>L\1_$KX6?#Z-;3Q;X_\``'@>*TM0R6WB+Q5X
M<\-);65NJ*&6'4[^R6&U@1D7(58HU*#Y05IRCAI.$<-3Q-:IR^\JBBDW]KEA
M1YI\M[?\O+VZIC:P[:6'IXBK+E5_:<L5>RO^[H\TK*6W[WM<\C\1W_[6'B&9
MKCP!HGPI\"Z+,JP"P^*,NJ7?C>TD$9CN;Q7\!:OXQ\'-&TI$^F*UY<N%51J-
MJI+PMN:?\!X-5LXG^*'CWXD?$:]N[2W;6=)U/QG=:-X-DU`K%)>QP^&/`MAX
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M5L)HFM-8U2&[^H,\XP?KV_3I^.*^$_#/Q?\`VY/&D;?VA^R7X<^#)FDBM[6[
M\2_%OP?\4DABN(PYUBZTSPSK_@:[:&T+".71&GM+^5T8K>0%MJ>EW7@C]L#4
M@T4O[1'P0T&V,JR++X8_9<\51:TD:K-BW:]\4_M0>,='=&9X/.D'AY)7$,@A
M>W,P:&<10Q')".,S'#S]A&<*%)XV>.<(.K.M.G2>%CBJ%*$JU6I4Y?:PA*<Y
MU-7*4C.K2J7C[?%46]4KUWB.2[O*[HJLHZN[L]7>UVG;._:!=_$?QB_9%^'-
MN+B7[1\6O$WQ:UZ*%3Y2>&/A'\./$@BN;R8"1%AA^(7C?X<)%;M"S7%S/`\<
M]L;<R'ZPW8W%L@`DY(.`.O4C@#OGBOQ`^&OPQ^.WQ9_X*)_M!^'O&?[8?QWN
M?#G[.'P[T'P_H5WX/TCX`^&K:#4?COH?PO\`%6H6"6[?"#6KS0XE?P1=V]K'
M!>3:I=_8I9+C65)O;?4?O_4_V:/A_H%A=^(/BE^T-^TMJ^GQ2V$%QK?B;]J3
MXC?"K2+.2]NK?3+*W=/A#XB^$GAZ)]2U*[LK6!9[1IKF^FM[.V;_`$M[>X[,
MPP6'PT<!0J9A1JRC@,/6<<'AZ]5WQU\;&$G66%3K0I8BE"HFUR-*";Y==\30
MH0AAJ?UKGG&A"7+2HSDI3KU)54H<_LVG[.I2BU-1ES)IQ5TCVSQ/\>?@;X)*
M#QG\9_A1X1+EE0>)_B)X0T`NRN8F"C5=8M-Q613&P&2)`4/S#%>8W7[;?[)T
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MJ5:]V[:KMH?%'P&_:5^'7BO]LG]M+XQ^$/`'[0?Q$TV33?V=?@QH>O>'?V??
MBY%96B>#_`&I?$7Q#I$-UXF\)>';&U_T[XL:+=7D$UVNH22207,UC#I:66H7
MOV]!^TI\0-2C270_V,/VJ]3C81,TEV/V:_"ABCFCDD1Y+7QW^TEX3O\`=A$2
M2".UDNK>6>..Y@B9+@0?$7_!&;XF^#?&'[.^O"X\=^%->^,?C#Q[XG^)'Q#T
MC2Y;:VU>.WL[3PU\--%U.[TM+RZ>.*'P[X*\,6LS(RFVBN=)GNX(%UC3I[_Z
MF^&?[<OPW^+GQGT[X?>`]7\&Z]X)U+PWXYU.R\<Z;XM@O)-1U?P5J7A>*_M;
M?2S:6KVME#I7BWP[?O=3O)!?-X@M(]-N9&TK4D?Z#.\)*EF6.PM/*'7ED^'P
M6#Q%>OB,1*DXX#!4<)[:"H2PD94\4\-4K4.5OVL'SP37-?TL;@JSQ>-H4\!.
MK_9U*E3J3J2JQY*-"E&$)2C&5-.56-.4DH6]JW.I"*3:7GG[47Q*_;0F^#?Q
M%'PU^$?@?P==>(/"TWA'P^OQ;O\`2[Z^;Q5X[4>#/#.DB+X8_$_Q2DFHZGXJ
M\0Z'I6G&!+FT^US2-<2&W\J23XY^%?PQ_P""D'@/]K[XA>%-*\8_LE^$8/%O
M[.?PK\1:C;^&8?B#>B=/"?Q.^+6DP7B-XF\'ZR4U*)/%UVC[E>TFB&G*V!;3
M1/\`IK:_$;3?VD/''A/1/``L_%/P-\.S>'?B1XA^)FDW+7NCZWXV\*7T/B#P
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MW4=Z`90L\8(K87]E33+F9)]?^.W[4?B-MKBZBF^.OBCPS:7K20R0.TUE\/E\
M&V=N-LKNL6G06-NDOER)"K0P^7]3T5\VL=B(RYJ4H4':W[BE2HV5[[TX1EOU
MO?1:Z'BO%UKMP<*2?2E2ITUTU7+%.^BUO?S/EN/]B_\`9O:=;K5_`5_XQN$>
M)DF^(OQ!^)?Q*>+R6+((?^$^\8>(UA7G8Z1!$EBQ#*KQ`(.Z\-?LV_L\^#7B
ME\*?`KX/^';B&.*-+O1_AMX.L+W;"=T9DOK;1H[N9U?]X99IY)6E)E9VD)8^
MU44IX['3BXSQF+G&2M*,L16DI+>TDYM->3T)>*Q4DD\37:2LDZU1I+LDY62]
M"M:6=I86T-G86MO96=N@CM[6T@CMK:",'(2&"%4BC0$GY455Y/'-6,`]0#^%
M+17+^N_F8-MMMN[>K;W;[L****`"BBB@`HHHH`****`"BBB@`HHHH`****`"
MBBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`^,]+_9I^)_@CXR_%#X
MG?#3XYZ;I?A_XL>+5\<>(/`7CKX=>(/&=M8>(9?"G@SPA?MHNIZ!\7OA[96^
MG2:9X'TI[&VO?#FH7UE<W%^9M3O[=[:WM>I\7_!?XS^.Q"NK_M"3>%T@MYK9
M3\+?"7BKP/+*L^X//<27/Q<\2B6[B5C]EG"(('56,<H7:?J.BNOZ[B+0]ZE>
MG"-.$GAL,YJ$$E%.?L>>322]Z4G)VUDSM688I.G)2I.5*FJ4&\-AI-4XQ<%%
MN5%\]HNRE/FEUO?4^%+/]@CP--K]QK_C3XR_M#?%%;J2&:?P[\2_'VC^+_"1
M>%411'H>J^$IPL?EQI%M>ZE(B54#[0`/>O"O[-'[/W@S[/+H'P6^%-EJ5N_G
M?VY#\./!-MKEQ=D.'O;K4[+0;6>:]D$DGF7.5D;S'!/S-GW&BB>.QDXN+Q-5
M1;NX0FZ<7I;6-/EB]-'IJM&93Q6)GI*M4M=NT9<JUT>D;+9=AJJJ`*BJJCHJ
M@*!GDX``')YIU%%<ASA1110!_/Q\+_A)^U-??M)_M;_&G0/A(+WP;'^U=X<\
M=6NE)\3/!\'B?XU0?!CXG_%'P!X=T+PWI]WJVGZ'X6T?1=(U/4O%WB2Z^)/B
M"VN$U#PWX:M/!FA:A<7DPT;VWXG_``$_;V_:+^.>E:OX@M?`WP?^!NIVAC\6
MZ7J?Q.U[QAJ.F>$M>\+06EEH7ASPCX:QX?U'XE>'-8M-3N?&MYJ%YIO@9K[6
M?#<_@[5_%::1K=]/^S5%?3U.*L;+$_6Z>#RV%>&"6!H3GAZE=4*,<+2PD)1A
M4K.G.I"-&,XSJ0DXS;4;4U"$/?CQ%C*=>GB:5'"PQ%&BL/2K2I>TG"C&,(VY
M9/V,I^Y?VDJ3E9\OPJ*7XU?"[]GG]O3X#:;^T?X.^#^@_!._L_&/QJUKXC^!
MO&/Q0^,7C;1KGQ'X8U361INFZ->-X#^'WB#5?#GB=-`T]?$?BC5[O3+[3)+F
M;3/#.DZ?J1UC5]?\%_0_Q,\`_%SPQX"^.?QA^,_Q(\+^+]"^'_PX^+?Q$\&>
M!/"?AKQ596FGZG!\,];N4NK_`%'Q3XWU^VE/A^75O%VB:/#I'A_1[NXL;?PU
MKB:IH[G4_#(_0ZOEW]MFZFM?V1_VBUMY5AFU'X2>,M!B=I&B&_Q)I,_A]4\U
M&1HC*=3\L2!AY;.'(8`J>%9G7QN*H*M2PO-6Q%)8FM"@HXC$*4Z,+2J<TE3M
M"#BO8TZ;?M).7.E&*YXYCB<5BZ;E&@JE>K1A4G"C!3E=TJ;?-:4HRE&*3<.7
M=\J6EORH\)?L9^%O#VA_L.:#X<U;7=-U=/&WBK5?'!T2XT;0=.\8^#M!^,ND
M3ZQ8^)H+;1V?Q`+RT\5Z1HUU8:C<W-M?Z1IEE9-`(K)%'U9X=_X)*?L\Z`_B
MTIXR^+%Q!XE^)^I?$FSM!J?@B&U\+)J.FZ[IDG@KPW`/`;IIW@TQZU;7$VDQ
M`+<7?ACPC*TBKH<:3?:>E^'?#Z?'+3H=(CL[)?A?\']5L$TNU8PQVL7QH\=:
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M1,\3?:K749+6X1V>RGNEM[LV_P`9?M,_!_\`;4_:E?X-KI/@[X._#/P_\+_C
M?X%^+<:?$/6+^/XA6U_X-74[=IM/O?A[KOQ(\,FWE759KJTMA>6MY)/;63W%
MQ:F%HI.3+HSP^,5?%.E3BX8FE46)K>RFUB,-5H2;C:=:Z]K>_L]7I=.[7)A:
M-6CB54Q#I47RU.98JLJ<W[6G.FY.#YJK<>?F:<+W5GJS]7Z***\<\L****`"
MBBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`**
M**`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HKR'XO_`!V^%_P(T&3Q
M)\4/$4GA_2EM;B[CDAT;7=9EGCMIK.U=(H-$TW4'$C75_9P()_)3=<*[2+#'
M/+%X/!^T3\8OBU:W-O\``+X!ZQ';1R[)/'_Q:^(?P\\#^%H1&T5U"EAI_A*7
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M&WC"V6-976.&WUN.&-"J)&JH@6YX;`T)N%7'/$N+5_J%&4Z,HV3:]OBGA9J:
M;<6XX:K3TNIS3L4Z6&I2<:F(=5IV_P!EI\U-JZO^]K.DT[7:Y:4XNR5U=M>,
M>)_^"@WPZ?5O[`^"'@#XB?M-Z@([J:?5_@9:Z%\0/!&F1V=T()AK?BCPCK'B
M*?2YKB%X;O38GT69;V&\L&:2V2[21?&/VS]>_:I\9?LE_$?6=<TOX(?!KPGK
M,'@V"ZTG4/\`A8?Q2\;6FGZIX^\+:;`E^M];?`W3-&U2>>]ADN[22#5(]*2W
MDM8;K5Y;V.ZL/UA``````````P`!P``.``.@KQ/]HWX*:7^T5\%/'WP7UG41
MI&F^/-,LM-N=3-E<:B+,6.LZ;K,4OV*UU71)YR)]-B4+'JEF06#F1E4Q/U8#
M,,#A<;@JWU",:5'&8:K7J59O&5U0IU82K*G2J>QPLJCC%N"G22YK1YHIMG3A
M,9A</BL'56$C&-'$T:E6I4G.O-TX5(2FHP:A3323E%JFY)Z7:T?PC\"_@%=?
MM9^"?$OQI^-7Q5\::Q#\5=6AL+?PSX0TCP%X0\++X7\"Z==^#+>&17\*>(_$
MK:C=:G/XT%]?67C5K=[74+6*W@L+[3PT/VU\'/V7/@?\`[G4K[X6>#)/#E_K
M,<::M>R^)?%>MRZ@R#!EEAUW6M1L[>21LNXL;:UB#,1'&B!4'KGA#P=X6\`>
M'=/\)>"M!TWPSX9TG[7_`&;H>D6R6FG6/V^^N=3O/L]O'\D?VG4+RZO)MOWY
M[B60\L:Z6LL=FV)Q53$0HU:F'P,YRC2PE+DH4EAXR2HTZM+#J%*I*,(4^9R4
MO?C=-[F>+S&OB)UHTZE2EA:DG&&&@_9THT594J4J5/EIN,(1@E&SBFM$%``'
M`HHKRCSPHHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH
M`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"H;FWC
MN[:XM96G2*Y@EMY&MKFYLKE8YHVC=K>\LY8+NTG"L3%<VL\-S!(%E@ECE17$
MU%`;;'DNE?`CX/Z1XAE\7Q?#[P[J/C&74AJQ\8^);5_%_C"*_1W>&6U\5>*I
M=9\064=J9'%C;6>HP6M@C>79PP1@*/6L445<ZE2IR^TJ3J<D5"'/.4N6"T48
M\S?+%+115DNB+G4G.SG.<VE9.<G*R6B2NW9))*R[!1114$!1110`4444`%%%
L%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110!_]D_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>7
<FILENAME>pwc.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 pwc.gif
M1TE&.#EA-A1<!8```/___P```"P`````-A1<!0`"_X2/J<OM#Z.<M-J+L]Z\
M^P^&XDB6YHFFZLJV[@O'\DS7]HWG^L[W_@\,"H?$HO&(3"J7S*;S"8U*I]2J
M]8K-:K?<KO<+#HO'Y++YC$ZKU^RV^PV/R^?TNOV.S^OW_+[_#Q@H.$A8:'B(
MF*BXR-CH^`@9*3E)66EYB9FIN<G9Z?D)&BHZ2EIJ>HJ:JKK*VNKZ"ALK.TM;
M:WN+FZN[R]OK^PL<+#Q,7&Q\C)RLO,S<[/P,'2T]35UM?8V=K;W-W>W]#1XN
M/DY>;GZ.GJZ^SM[N_@X?+S]/7V]_CY^OO\_?[_\/,*#`@00+&CR(,*'"A0P;
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M^_O__P]@@`(.2&"!!AZ(8((*+LA@@PX^"&&$$DY(88467HAAAAINR&&''GX(
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MBV^^^N[+;[_^_@MPP`(/3'#!!A^,<,(*+\QPPPX_#''$$D],<<467XQQQAIO
MS''''G\,<L@BCTQRR2:?C'+**J_,<LLNOPQSS#+/3'/--M^,<\XZ[\QSSSY_
M$$#00;\@=-%&"_W`T#\G>W0`21>]=-123PV.T40WW?335!>;M0-6;PUVV&(O
M\W4+6'?=@-)C^XHV`V6O#7?<<LMR=MUVWXUWWGI[#?7<GNH-^-M^#TYXX9@$
MCGCBBM?--]*&9[KXWH]/3GGEA_]$CGGFFF-M^:";?RYXYZ*/3CH:H)^.NN2E
M\YGZYZN_#GOL6;1.>^V.RWZG[9CCSGOOOA>A>_"U_ZZF\+H3CWSRRIM@?/.@
M+U^F\[1#3WWUUDL@??:H7P^E]LUS#W[XT'M/?N;B,UE^\.>OSW[LZ;^/>/M(
MPC^\_/;?_SC]^@>.OX[[:]^_``HP:O\KH-T&:",#.@^!#&Q@S<BW@?TY<$4*
MA-\$+XA!DD%0`Q+,H(DJ^#X/BG"$&-M@!CI(PA"!,'TI;*$+&68\`]R.@P5\
M884L.`$4VG"'/,17#`$PPQ/6L(<0PB'V]$?$)"JQ7=O;P0*7R"#AJ<![4*RB
M%;_51!W_//&*!Y)B"JC(Q3"*45I9S,$6QR@@+Z(`C&ALHQNYYCHAJ/&-^9F>
M#>9(QSSJ,5?/DZ/Z]G@?.]8`CX`LI"%9U4<B$/*0YK$=#X['R$A*DE2)',(B
M)QD>1SI1DYCLI"<O54D_0O*3XN&D&4U)RE2J,E&A-((@5XD=5`8A=;"LI2T#
MU4K@M>Z6UY$E$&C)RV`*DTZY5.0NARD=7_X`F,ALIC//5$Q+UN^9R'FE$J))
MS6QJDTK8G.4TMSD<:R:AF^`LISF-1$YCIC.!*\R>N,1YS3B><Y[T1*<\FU#&
M'[73G>&"YSCO6<^`"G1'ZQ0E0'VT3^F]\YA.*.A`'PK1$SGT_Y<,]5]"^=DM
M?TZ!?Z)26T0_"KN)+K.B.;HH1KFE42EP-%0>!:E+1R=2'XSR1B95*#%MZK:^
M'8!Q(LCG%E1GJ-!5@*<Y=5H(@OC2I((LICV8*3MK^L,YG50!@B,J"'RJ!:`6
M2J@4L"I56]H!I"IUK!MCZB.5*2.H?N^F9_QJ$+WJ`:S.+F^LU"D&X(H`L480
MK&3MZ\7,*E.2UDBM3H438?%J`6:&`6^$.FQ4_0I9@0&VJ8*ED6-3NJ;+MDV(
MIR,#8SVG6;1&=K3UFNQ(35NBT,JU>*H]VEY1&P7$YJFU;26M;>$%V[/F5D2T
M/2B;>FO7"ZQVL6?#)7#_>-ODOFNW6O_L+(^.:[XX0=>HG/7M&&2+I^F*5KG<
M'1=S-^E<H?`5B-1M:'FO2U<6:#=Q;`7N78<K!NS*:;VU[:Y]P?7=YH8W*.,=
M[S_/H-4UTA=P[>WM>_=KNN+N:<"/O:^#O97?4R*8)KO#9W29H#BS71B/$;[2
M=(<*7W,Q>*T/+K&V.GP#Q=:DPAB^\!(RK-X-(U>&UGW3A[L:XG*-N,$F[O&T
M4'S''+.$Q2]V<3SC%V,6<[C&;KIQ#H7LW1W/V,=4AA:0!PEEE1#YR)I#PI;-
M^^5*.?F($TZ7E'E<Y30KZ\HT4#&%(P?F+A\AS"VF\Z3&'`$WF_G,4U:SGX_%
MYAD$VB)VUN7_YKP,9Y4:V5*#IC'GA,MD'?,9IW^NM+`:#0-,3Z30ZI2S*Q,=
MVT6+.=(]57!B21WE29/8TJQF&ZJ+?.B=<%J:L?[TXC8J:DIA6KYI>W4_5;WJ
M5@N;C[[^9ZUS,FN#WIK+*U7TLC>5[,"665W`IO2PKSTK3;M`VQ&)-D6]K5LD
MX_K9F@(W>+D-QVJC&=OL1F2Q$3WM-Y.[T[FF=8"KT&Q.F1L'F!6QNM?=[H"?
M"MTKT/.*06UH3\/[WE3(-[01GO!XH^O?`!>XQ3OZ[CEG><@0MW>]E?W9N3(<
M4_M.<66I3?$^7WSE+,VXK0F^$)B3>>-8GO>X'5[NCGM<X>M*.1M9_P[T3LE<
MP!)_R=`AT&_]PM@*2Q>ZSD'^<4G[W-I!KSHH71[Q8Q]<Z^$N^KG9>X6FZ_OI
MWCQZKZ8^5:NK_<Y8IS<P]>IHGK=YLPN`^]='_L7@QOUN3[ZDA),>9+!CH>2(
MDONWS>YJM`=[[8Q_%.))`$F[/_[1C7-[>C.M=_)>'ND5-_DW3RONL)-=4H8'
M?=M1JOC%-W[UBN)ZPR<]Q=)O^^>0WG'9:3YW`H=5]YBWN1GH=PV^[_VMYU6(
M["GK^CK@O">NS7M.3UU\+RS;[EE-?>=9CWWC1OT)JH[]]KV?=A#;_O!>5_KF
M:8AWHHL=P$:DAO`U7]7H(^3X72=\@M./;/^NEOKYXO<LC*DO<M976-E'@(*2
M?,YV9N`W>DD6?C@V?J;W>'FV?-!W?AKF>V4`?-;P?I1'8P]!?W>W@'$P@;*F
M?T<E?_[5:_+'!=.'@M4G@`-8@#'8)P<8:E-W51\X`@9T8"-V>^7G>2/H@!7(
M@(*7!A<%#+3W@R%H?KSV4TH(@A?(?M=7<RHWA7U3@KRW=W57@J76?-#7=W3'
MA4H3<@D`A@'X?:+W@MLE@VM8)S0(!8IW@V=H@O^S@PS6@Q'8.$#XA6,X>U"(
M7OMTA`#TA*$'=1SXA^M7B(AX?W[';U)X-<UWA5HE5%V8=Y3H@'NXA;OG.'RX
M4Y;8A&YHAFEH<&S_2(H%YH=O:'V::'^UEU`2^(#UYX.!AW]!R(E#2(A1V$Z!
MR$*RZ(2-6(M@L(H6B'L(B$15:$*Y5U,E`%VN6$'2UH#$*(K#6(K32":@&&=H
MIXJ]F(VYR'FO.(C6F(2_6(?O]XB*Z'^`^`OM)V@X^'<']'O:N(ZCN()#A(SE
M$XZM"'G'Q8P*Y(Q4]WK1>'+4*)"_Q8YU!H<<`(YQ95+[.&`0&(O&2(X(B85]
M:(Z'N$*Z:(^\>(K?F(F?6)'MB(<468SU>(SQF(SYZ%[=V(S(]XPU")#2.)`Q
MF24A&88CJ9*?1X%$6'!JI85\YI`TF5<?.7,3*8Q$680+60OXV'M"Z8MZ_^B1
M.MF/"3EX_!@#.FB24)6#^GB3)ZF`=/B/+RF5,BF670*4<:A#3P.#F.B4-6F$
M;I6`4?F05<F46RF$.WF+1]F6M*"4Y0B5<"F.T@>/,B"/7;"22VF3ALF59DE;
M#(F477F6J`B683F6DUDE9<F6&4F+@)>"<XE^FM63;\F2@ZF1LYB'=VF7:TE<
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MHD^WB8=YC\])DA+:HT:JGG6)ETS)B)R`37H%DS#JHPL*F_,XGD4:C,;F2T3J
MG"(:HA=8DCM*H4459BWY6EYJD`QZH$RXICPZHV\J)#4*GX+(G!RJHU)ZI0]:
MD<44I!E(I5$ZHAHZH"^:HN6YI%-*G%QZ"4_:7VHZJ&XJF(CZE(2*I7>JI3CY
MHW(HIO49J`P7IGCJF73_V9=FVIDJ&IR*.H[NF*19"J>M2E,>:GET>IEY2H:2
M*IV0"JJFIJ>X:J.4BI[W.:1L*JI**IY5BH&V&I1&Q:*U"H`]&*R:>J2\NJG$
M^J>J>H[2>J'0>HVL.EDQFJG8VJ;4^JC:FDZ3V*ADJH+4Z:N=F):W.GIRFJNT
M"HWBZJKUJD^PNG-(B*/\":X%NJ[C:JWH*J^K:JA7N:P-&K#NBJ1UFK!KX*9]
M*HT=27[/&HQ75I`0::PNV*_*"*@?>K&[.K#,NHJ[9JG)FG'EFGE0>H*9)[#=
MV:2L^''P*I^L>JD+:Z\W:UGXFHC^V*N$M[$M^Z]=JJM`&[0,2Z^S":RCV;`P
M_VN@^VJSL1FT$.NH^6EAS=JI=VJQVAJI1?N5R(JT6INFW'J=WDJR(0NR@8FR
M8J6RZ#JM2^NO'2NR,:NS%/NS'ENP.(NW)36W?JFO/4NN7MNV@EJ;54JS9\JU
MV0JW''NW\=JT"BNXUPJX,QNY[-J"A5BIC<NX;NNTA[NUF&N?G(NX)1NKGONV
MBPN=DWNVJ"NTC[NYWN:M&,NZJ6JVZDJZ)INQ6?>Q-W>T><N[,2*SLMNW<XJV
MJENZ3PNPAABMNUNHQ+N\F$J>MUN\M;NZ0XN+S)N\ARNQ/WFYIENJH"NYL9NA
MF@NU=3NKA;NSQGNZV&J^64N^UXN:K[N]U%NBN4NTRO\[K,A;M;]KM/+;N_V;
ML_";KY^ZOU%KO;8[N\*;KHF*OGZ[P"A)H'+)O?5KOA(,OA/:OG&;IQ/<N@5,
MNQ$\P/:;N?QKG>)KI1>,P!H<O@T\O?@;PB+,P-Z;NA5LN*XKNO'+PB<,PA3L
MB1LLK.?;BY7+;#WLOT,L47L;FC<ZN'\+PY1;PTS+L@8LO3/LP;:8M`8KPSIL
MPE`\Q9,:Q5A\Q2B,P]`;N"ZLN$W,Q%WLGCG<M4M<OF`;H%GLQ=G;P2H<PW0\
MQV+LQ!ELQA",QEHLO6Q\QV58L[X&Q(-\PT2,R"JBO^%*JE(\L'4+P(Z;P-^J
MQ@1KQQ\<R65<R90,QGZ\R4S_M\<8S)F=[,A]S,E7C,FH/,:"S+<DS,5;?+4'
M/+JPW+V53,JG_,G1*\1Y/,JA_+6JO,+`',>%S,N';+<%1<S'3,:)S,PDDLD^
M7%])3,"03+\\7+FWW,*LC+!5_,O+_+V^[,EXK+$<?+^WB\W'2\ZXO,MM3,O#
M+,=T:\PEG,ZIW,ZX.\_%',_JG,_2?,]GG,OH/(OGW+R7K,O`#,?)J[O(_,1!
M[,W-[-`>\LQWB)E?.LWI'-'H7,["S,ZNW*$'&\OO[,X$'<@:/96RO,K:',XD
M[<!N[+X</=#4?-`K+=(+U\]A;,H<.=/!O-#^G-/I6]/Z#-*E;+H"K<D]+<H5
M7<_%_YS0A+S3-+W.#PW5%'+1*<RSH8O*34S4HIK1+OW21HW/FW73M2S.(VW2
M6_W4)1W3"KR[6?W-2<W387W2#9W-.TQ^*KW&_]S5:0V[;FW-Y\?6+3W6(6VU
M?1W0X/S1=,W/OLK69]W*-*S8W*S601W5DUU$U?S&$TW%$HK5A@VP9BW7>1W8
M11V1<`V\7%W'9>W3?+W4JNW9^PS4*-W1&VO9A&W'G"W3IAV*>"W:J%W7/\W(
MHVW;K<W89/W9-NW*?VW)=JW3PKK8Q0W-O?S8BNK5E$W=^S'5.!W-5LW5F\W;
M\]O4R$W<KIW&`4O:7RW>IQW3X-W;K)W:#JK>@GW>Z(W;&_^MVZ\MV58\W*NM
MW!0=W'L]W7-MB>\=V;7=W6U=P0+NW?]MW[`]X/,MULD<P`4)W5FFX-5MX?1Q
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M6?`JRTSA+NT-#Q[DKK3!J^N:7L`!7^CX#N3Q3MNF?NS[/N[M7M`#?Y/G_NX`
MKN["[NHBS_$EW^\:?^^S[.UDSN?V[M'/[?(M#]FX?O,O'^C&:O%Q#>&DOM8&
M;Y$(/_0*_Y]%#._P2[\=$+_-`AKF!LV\/W_Q'?_I&"_P*__FU[[UZ:[LO&I@
M:![S]+[H**_U=FWV9#_O7P[S:W_V-0_O.__Q:9_EH[[O3J_V8W_45E_U!T[W
M<Z_W`L^$2F_!I+;DHNZ53*_X`8+W40_U\A[?ZOOW>\[RM<[W0@_N=B_X7<_F
M7@WVBRGV;I_W)W_HF._IDV_RG!_RHM_-@1_ZJ!K>KD_?A#_QE=_I.=_S=4[T
M<>_WI:_SK+_Y^4S[WDE.A\]55KGXR=\?C0_Y$G_[D3_UJ#_[P'_WU+_MQKS[
MKQ_T>\_OJ=_W*,K[E__V([[N-"[]*;_]VC_8_FW]W/^RXZ_RS?^O['P\_]<?
MY+GO\ME_[\U*]00`'R^6VSU%.2EZ%[>J<M\?#,61+$VC2[U-U<)K:N59/NT;
MS_6=[_T?&!0.B47C$9E4+IE-YQ,:E4ZI5>L5F]5NN5WO%QP6C\EE\QF=5J_9
M79JJS7G/Z8MFO82_U1EQ`)^*S^6.AJ5P:@Y',)%(;V01,C(C1O!H4>2R2O(D
MTZM3D6Z,<4>RM.^QTLH4(F[3;76%"Y#G[2D2Y)/,L>CV8]</"S;`%XZ$U5#X
M%WB9N=GY&3I:>IJZVOH:.UM[F[O;^QL\7'R<O-P\KQ0XV75)F7B4,[5M5JJ7
M<`:Y!K%V;_V!-Y0Q?P-34*+72-X[=[;_[`D\*"MA/WA?)H(B6#%?0$W)_+#;
M<O$41(TZ^-V+:'`AF)0_&E)8><Z$,(63'-J9"3(63)T[>?;T^1-H4*%#B18U
M>A1I4J5+F39U.LUCJU4)'BIY*>$JRI%L<D7IFJ2DUF+UPJ(Z)*<LD*Q4<;8=
MAO5DD*\1XI*%%`\CQ:WHJKXZ*]%M6I=U^0["-+`C82T$52HV*QA@7['ZSCCN
MT7)RBZ=T8=V$\>)SYL#_-I<V?1IU:M6K6;=V_1IV;-FS:=>V#18SUZD6ULK=
MZUES3,NZAN.6;.DO7'S[DA].WML&=!2C+XJFC/`X;^E(HCJ'[.GWX_`?OXNG
M/A;X\ARAO7.4_YH]"V.]\-NK-]Y[^Y7B).^F+XA:IHPPJ,\FZ\Y[Z[8$%5R0
MP08=?!#"""6<D,(*+;P00P+'2Z,S[?)"[L/!0JQ@+C1*-&G#R*Y3;D6&F@/M
MN13Y&Y'%`P/DC#Y2AMO/JMQPD7$Q($GDD3G[HK,QN!]S5-(P&-=);,F-_&DL
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M=CYMN06,5GY5`9?AK!;6">$A!]2P0(MMC);CCCW^&.2011Z9Y))-/KD9@\60
M3]A?OVT8XFWK33AF3">NZ=IST75QU\)R'KCG>._]UP=W0BU:WE%YAOCH^/1M
M&M^??1Y4./H"WAGH=`B]&45X18+:7J6%,)CKI:D>.U>-U4VJXJS3],S1`U&>
MF^ZZ[;X;[[SUWIOOOC=3.0R6K7UT"*_;%7O_<',KTQ?MF2656NV@Z94<8](`
M9L_FM1-W^'*LP]8<:9A!=P)L#VO>]VG&25>\\XO7L^QJUR/7>E75/Z5]9<!-
MYSS<E\I>G?>JDQZ]J+:M<S3N\_Q>GOGFG7\>^NBEGY[ZOG6GV=7=*5<+<,9+
M#]QVH7_7V7+R,>_:<YP)5W1[1!$_//S-T__^\2W'7S=?QQF=F7[4%Q6>>*U;
MG_9B9[[X!>*`P"-:[M)F0,AM*DOWFUP`>P<D"8;#>(E#7N5&4ST/?A"$(13A
M"$E80A.>\!O7>Q7!"'BVT'7/<?U;8?#$=[JII4^`;\.6"PV8/-F]L%8+!*)6
MY/?`&HJ.A_[+7Q*Q__>^%K+N8?_SH<L:U[XGNLN!3FPB!?63P:\12885!-T%
M[\/%^@60C"EDX?%.-<7`H!".<93C'.E81SO>$8_54R&7UO@Y)HI18C%,8!?U
MQ[U"WO"'6=1A&:6HOO*=BHKX"R+NAEBC(@X0B$B$(OK,*+,_\M%A8>3D^3@8
MK,QALE^Q$UC+.OE%&BJ1DE0JG2C/.$8;%JF5>`%3&KWA1?@MDGV/S.&P\EA,
M8QX3F<E4YC*9V<R_-5`4B'';)VOYOD,9;G&O-"0OKVC*8:Z2D59DI1LCZ3XM
M^G&3^TNC"KFIRTEJ4YU,&R1VJ(G.1!9.G/9$U32A6;!#PA*;3@NH/HUH*/]-
M-A)\_U0D*E.)T*7X,FP^+"5UG%E1BUX4HQG5Z$8YVM$J*E2![F'E/;=9I6ON
M,:'G-&@["9HQ)SETI>GL)C!'"DYS=I*6$%QG/_G)4+-ID:7XY-\\A5I/3\JT
MFMZ\Y,9Z2M3;P7.43HTIU')ZI(/F,T@@_29):TI3I4#TJ"X%V$0[Z%&SGA6M
M:57K6MG:UKNA-(I/:FI!+\/3KBIUKC`UT2U+"E5%(A*'L])K7FU:TX_B5*I]
M52DYL1I6I(:3BT$]K$JK.M7&MA2O1R3E7=](6+_B\K,[C.46`:55P+).LIE<
MK"/9E=IK@'6S;%QH6]Q:6]O>%K>YU>UN>7L:N$;_38B<]6I=O<6CX&XMET7E
M:RFM^EA)^G1VPH1D;)N[2]-:-KFSE>Y6Q0K<>E86H)1=KDZ1:E3B4K>AC)"K
M<"\+RO$R(7LSW`]X3SM8Q]KW8._U+'J7RM_BC78R$GTI%GM;8`,?&,$)5O""
M&1S7ZXKVN,',[H"!:E(`^W.UR@UM=#/+8:YBU[\>'FY_.US?QB9VLA/F;HG3
M2]?PRI2^(0VE?E_67O,^E\7W5:](2:QB!,88PK^-)U51/-W`SC3$6>7F]XK<
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MWO&6][SI7>\$M1K;M(;UD_>K[FB3VY4`Y_:N7P==9*>YVD7\=<(GO7!P.]C6
M3,ZVFRFX;6W3V=F*A7:XV:UH:O<:LA9'>,8'[MJ"HS2U8#/Y38LM9DZW>^.=
M[O]C,!UH[++:&^<YU_G.>=YSGT/EW'-&^2#!2N:/QSR:PTXJP8.-]'_[6[4/
M7W/3F=[P<E?=U0*W^<LQ*W5F?U+D%T=SV*,N=9(+Z.J6KO&BDT[VDD]\[14^
M.\RKO7)`:IV](-]TQ\,T\W153D-YQ^S/"5]XPQ\>\8E7?-GQ/O*A:[7H>P\U
MF+T-\98+O?$YU/6>*<[P=6]>[4?/,=T]G^\V4YC@;A<]U+M>>D*6UNZ@USOI
M^2[8M!O<T6QGH.HUSOOS1GKNK1^]\&M_Z<M3?FA*[Z7?30=XU`L^UJQ?_/2I
M7WWK7Q_["_;]R9D/?9;+T+BZ-\/V)UU\[N/^Z<,_O]/_D3]Y.'L=]:E7?N\S
MSUF'PY^\MR(_YL<>=,;/7OA`Z_;8[]GV[_].#[3P+>O,#>[V[O[4S_(JC^-"
MC_BX#BC2S?P,CJ0R`0&SSP,_$`1#4`1'D(0,T.7$"_*^3,P>$`#'S_^^S?6H
M3?9:\/O0C^YF$/^V#@<)\,4ZL/THD/8L\.LVR01Y36F*\/YD$,,:\`1Y,-E>
ML`"9,.Z(Q^TD+O@.$`A7CP;3+P=W@M\^Q_G.Y?W*B?-(T`S/$`W34`W7\%F0
M<`S%3_+<#P:S<`+-+PBE3UJ@,/[JC[!V4`@[CP?#['<X1P^7K@S?L`MCK_SD
ML`+_\`D#:?ZBL`5]T,LDD.K<_W#]I)#8(A'$J/`%K?#X_FS8A$P!Q^$+[RL,
M@0,1X^P0V=`57Q$68U$69[$U:$T4I<D/;7"]#-'L2O$10]$(Z3`)`=$&+W$+
M?]`.N3`9M2L7C[$2??#1%'$5]<X6W<M^"C$3>]$20TX8^0\;Z0_K;`43>='&
MF%#?-'$3*3'Z,NP4?^+QEA$/4;$/X8P6Z]$>[Q$?\U$??:(:A[`=I['N>(P8
M8ZX?=P\=M5#LXA$9G1&`BC'3FM$1^PTB(;`'\2X:#W(`&:H@E>RJ^#`A<^P*
M?T\=R1$CW\XA?[$D)1'C@#'O.$T:LS'S_K'?3K(<WI$1FR]NWK!S]I$G>](G
M?Q(H@__2(#G1&&6R)6_R#BVR2S92EE)2SCJ1(9/R(Y?QWR82*?>P"]>1)J,J
M'.LP*BLPX#2'*<6Q([O2])(L)(-Q*T52!8>2)<]R&[ER)>-2&='2*=G2VXPR
M#A42)FS29UA+)^E1*`>3,`O3,`\3,;7P*TV2Z+3&+<"1('V1+!]S`@'R*ANR
M%9?,S%I1*M72";^Q*,M0+^W/^,12,I_J"$$3,UV,*%5R,;VQ-:?0++WK+K$0
MJ_:M+?>K=OYI-(^2+VL2#N4Q51`)D@(S,8\3.9-3.9=S#<>2,5/0%2C3-B?Q
M-"-PR@)P)B^3!4GR-QUN!FNP&Q>R.U63!<<S-[>.*KEQL)S_<S)3,S;O[MC>
M<SHC$C+E\SECD#;3LCYO,[%ZL_5V<V'\4SP],AM>S2XM,#ZW9R29DT$;U$$?
M%$(53$`',KZX\VKNTR6K,S]5">HD*'CZ<[$X$RP],RO)4S$QIT!V$2;7,O>2
MB#TWE(G&T<@4,P]KLRZSLC0)M"+I,O_FRT//,SOW:JBZ;S4U-$]\E#XYJ#CG
M,4*;U$F?%$JC5+<FU"J!C$-GDS2;,$G#\DI+[$>3"T1;242U$C\[LTBQ="I7
M)$4%TD*W-!T5YT5_;'CT,S0SU$;/-#QA<T%1<T^?\2W]$7%&$4BSM$:7:%"Q
MTD2I)5LHLKZ6=)RD%%(C55(GE5+S_XA*ZS3RYI#`]I,Z@[-0N]2_OO3TPE00
M\W1$P?,D$U5+FV1-*Q1/G3!-$]13K=$]7U()7>Y3>;0\894C_W0!^Q10/5'2
MJ-167Y4.7153[U1184\[\=11EZI2HU5:IY5:JW5O5'17L55/1ZU%B=!($Q!4
M$TU4395,7U,BC34]NPHO&;!8%_'FMK4[8Y6_9'1%44M5$=5.Z11=>15>Q]0Z
MT11&@54]`S5`V3190Q6'9O-$KG,^[S6EEC)=!]`__LI:*]9B+Q9C,_9.M%53
MIZ1;+_1C^7-6VRY<.W18E5+-9@Q@H0H4];5CY<8URQ1#_8U>VQ1A[9-",[!=
MT9-18U9'?_^515_/8?>U_VZ)8[-5#M='816#8=>52,F!R)KUUR9V1C76:J\6
M:[-6:V6C9-\5*I7'\;P59X.50T6/,9T61S4O9Z6VQ]#V,Y7U1*5S9MGV:\'M
M6^%29'=6;7'5+7457UVV7^.U5WTU;"N.:;WV8%7)9MU-7N.4&>ZV"=_/.+>6
M<BO7<B\7<\^A:SNK1[F5;"-S;`?V2LW69]W67!_5#TU7<.O2*DFV2V637T/6
M;D?VS,!N:/>69^GV%N\467/5;PO77_ET7A86<8E6<==V4QL7<H54-8FWH`0V
M<Z-7>J>7>JOW<S?7<?^6<T57`V\W<)-WJ\Z61%>729-5=7MV0!W_46\MLW@;
MUDWG=E75`4G7MWRM[F$!MW=K#6['-W;E%(P.=WNK=)\$F**X]VD+E';=5]Q@
M"GJMUX$?&((C6(*]$GLULX#P=M"65WC#=05=,W#%=SOYUURWHV:SLVEEEWSG
M]B9+>''S]7?/UX5?6(1EEH"#]E^#UW\!%U6_JX+?-WU!%FD#>'=/V,D2>(<9
M6'((=X*7F(F;V(DOMH>)^'NK`X-]2H/]%%0[N#X_N'2-5W<I&#[9CX7WTF,[
MUX8YM5/IMX5U5H=)EV_O5XES%X?!]6>KN'_IN,^B^(M]$VR#6&[E,G]?RXC#
M&(D?*(Z?&)$369$7F3GU^(#1&$6OV(1K_T^2@99,7,8H&Y,/QR<<)9`WNZV!
M53A3?=:'IWB%O;=>U4Z-)W<1X5B&^?AT;YA<97F6-]APL]B`R]:+I1B/!4<;
M?DN(LF.!]Y>1B]F8CQF92="1+Y6`;S2%D?=F41F&(_EM,ADZ`?9431=Y39F0
M`[*-,Y**+1E]4?A`5[F9M?>9@3>&#_F(SSAQ7UEY2[F7YUB<*;!DK_=X_=A@
M`[:,T2V!@WDEAOF;DYF@"]J@#YKGEOE0I_F1LO>=37:,VQEK,'E0-1F;RS6=
MVVV;%3ABS10A?;>`Z[FCR3F-B7F&2SJ4NSARFU)?CY;1!KJ;[]B6>1B7S;AK
M'SJ<49*7J0&8*?])F/'*G!%:J(>:J(LZP13ZF^?"`*&CDNU8GM\T>"_:HU/Y
M#S]+?UHVI2&YG_$YED]:^B(:IT<,K*$5G6D8=FLYK.D9B]%ZGME:I)U.E]6Y
M1<I"9<$W1W/ZE^>T+8_APP2:G8T:L`-;L`?;P)#ZKU?ZA\>9JFFPJ0$YHTFZ
MJZ4ZFQ>[6:T:5K"ZCJ&:MAQ;IB5:&X-ZESMLK!<R;ETYJR?9K=?:G=MZM=\:
M_N*:JSV'KE'0K@<7)Y:O+&%G$/H:J$V:L'\;N(-;N.W(L-,VEVGV&Y-OM*%Y
MC^-YI`>/E!5;HT.[N9.2;8?TL!F:%1RZK%.[N[LW=#6;-:6Y;;_;K*/_NZO3
MVKMC.[WYN;6=&OU@^[B-F[-ONV]W&AJ8VI"MJ)JIBYI!>[@#7,`'G,!9K;C;
M6X7EN+I#^&6EFU8[&[)3&%BYINJNZZH-];0Y^A2X>U6?.FZ_FKS/F7V?FZL_
MG,0C_+'UF;YG6K)9_+WK.[[SF;U3O&[_N';QVAKT6VGYVZ5XFZ+#N\"#7,B'
MG,A-YL`1'+W%.KGE+L1CVL.3W$TG?+PJ?!`O&\,S6Y3?@L,5G,;-^[-]V\GG
MM<DKT\N[7+L=O(8A',97O#WA6;QW3;YM.L.]&A=9>K,1N+7V>[P%QL=9=<R+
M'-`#7=`'/4,V]W$)=FR5^\^9V[2Q5,JUZ<:J_RJ,L-O-U]BF>._(,;O2:US3
MEANCP;G%/?N\57S4AQC,*;O4U_S+2R75SWP)U<73G1G(X?OE,&D]>]R_<9S0
M=YW7>]W7H\70ET'_EKS9%ATB&WU,'[WE(OV`)OW*0QW*@0G3,QWX`!S4Q7S6
MO^W:USO,D;S!N5W.L5S5T5RUB[8NV/S-O7V^O2K6*=C873T5?_`=&FK$-_W7
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M\FG=Y)4_\RO_UCD?U9L??CM_[GTY&G0\]`M9^P,Y];O?^[\?_/47^NT<",G_
M[O7O/O*!WI1I'WH5YO8-._>I?_>W?^Y\__?1/\N%?^7%L_,)(#X>++<_C/*E
M:M/,>KOK?\6)(ZF!)U*JZXJ>+!Q/[IO1EYSKS6WM_ZBG(`D-P*.HJ#0BFSME
M,&1RS6C59<VIW7*[WB\X+!Z3R^8S.JU>L]ON-SPNG]/K]CL^K]_S^_X_8*#@
M(&&AX2'B`M90(I=0R2+8$N1D(T#D'5;,S184#*?*HNAH2J@F49$>9L2J%^DK
M;.5&JR#IE&RF550L4QJM&2_CWVOA**&MS6FQ,I_G;D]ML(<E:VJ25#+*E;:$
MM#`U>+CX.'FY^3EZNOHZ>[O[.WR\_#Q]O?T]?CXZ_[-^A[6ILTX!.?`[]$M.
M050@7/UKH>N:MX@?'#9\!@K/00H)D4CL&`SBP$#(JN&R\Y"B-&`;Q_!:9NR8
MJ&@CNZWTDS'7(X4A;4HTMU,CCEM9(%PD&K$?TJ1*ES)MZO0IU*A2IU*M:O4J
MUJQ:MW)E43/?SUDEG8P5FK/1S3=?S09U5)$2%8L>/:*$!M`NQK67].:8Z_>E
MV++#`!L5C#"NUZ-ETH9I"9.PR)B19Y(,R].PR;=L\4[VYE,S4!^;VQ;F5OEC
MU]2J5[-N[?HU[-BR9].N;?LV[MRX^<ICO.VL0-"_.2/"#`<RR&E=+`>>>!=Q
M<.:EA6<C7L=X:.M-?)_V%__`>R_PDIM3;Z:7>YN3SSM*XNT6EDOW..7'04X3
M^Q[IF?&+5__8L3C`58<->:(-2-II\.FV((,-.O@@A!%*."&%%5IX(8895DB?
M.^A-IQU'^O575'$BLF%?@09&1R)<SK4(G18>,B`C#^6I9:(B.'["X5[?^%A*
M=A[2>-UY/*ID6EWL?3$D6;'$QU\>**HRWFC^=<:B>5#.:&,?GHTCX'!`IHA!
ME6(F2(R&::JY)IMMNODFG''*.2>===I9CI'K,)FCCHEQ.:*53V(YAY0'JACC
MG_>YJ!.,36K)9Y^0#GI8HI)."L2>9&[Y78W?;%HHH(%>IM^>1PZU7D]+YHFI
MD___/;K?JFN`VFFD=-3JQI"WVIK2ER!^:*:AFH9)X)F4W7DLLLDJNRRSS3K[
M++312CLMI;'B::2U8R))T*M35GHB?:>^YVN9X3&Z[8I@*DIEL.H>IV.IR8EZ
M1J[9JC%KC[J2,:^\7C+4[7:M#F(ON.P.)B3!LGY;7[@`PRJP)>[^ZNFPP$XL
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M'4_*OA<N^^*?'QPUTZ/W;C'/ME^O>^ZXJPY[O@8G'CG7CU:N`_5'U&M]E)RS
MOS7@289^./BBBS_J^_.E3OKJZ<.O_:[RM[OZ3>]^,0-@S;K'*04N<'S.2QX$
M(RC!"5*P@A:\(`8SZ*W]U8YU#]P>[_ZVL\"Q#G,"Y)?Z%H9"!V(/:N"CG0C)
M1\#;K7"`KHMA"&?FM1MVS43^:_^,]*(GN1"5T')H(B$/_\=!FQDP=LHQ2!+1
M<*LE&NU\!WSA$W]F+B>6BXH:_"(8PRC&,9*QC&8\X[*.F)3F-7$3/E0C$J,(
MQ!,&\0=]JN'S&JA#/&9*ALNS80(G]T%+U5$,ZP,@RMXH0+"-4'Z1LZ,7N[A(
MU"&22##47__DF+1*,FR2-)SA!HN8R$(&DH5:;&'X+HG&5;*RE:Y\)2QC*<M9
M.@6._6#C(%/)1UM2C9-5Y"0>T:?"0I(-E7/<)<#\^,=/EE*2\9/!#XTX3$]2
M$H&:_%XS4?5(:5*35:KLDB@9:<4`_C&<2@QF-9]Y2N@E8ID%5"<@]:C`=6XQ
MGKFD)3[_\ZG/??*SG_[\9SYY"1;_#6V*;;3:-5V(3EWFD(C`;"0#Z[DO:R93
MF0CS(,ONN:,==G.3T_3E+]GI31GV)9).C.8>S2E%=[[NHBA-:4=#NE`09K%$
M&CTG1!\'.NX1,H?^`BA0@RK4H1*UJ$8]*MP$B@]S%K1S+&V=2ODWPYEN]*$B
M[5=#L9E3>V[UI!:M*0ZS24^P0M.D6%WH2R?*49!Z#IY^(FE9H[K3I[[KIEI-
MZ%T5F583[C6O5ST76S&)UTXB4W%E&FM8!XO4Q3*VL8Y]+&0C*]EY*/4>3)6K
M0>UJ2+,*DXYNA:1GQ<I"GDKULPREZE?=IZ\':G:NQ.QI5P4[_U7%TL^PG86K
M&^4*V'%NKK5,]*U##\K,UUJRKZ4E+DVS"@BZ]K:PALL=8D=KW,E2M[K6O2YV
MLZO=[3J2MC8EJ'#/^E=!ZA:F@345EZB:6T2B%KD!PV)%4PNYO867O*`\KFF+
MZ5Z/AO:^Z!UO"G';W?URL[+-!2YHO_DPEWIWL^55Z'F'JUYR-KBE774NX\;V
M4^YRN,,>_C"(0RSBHAJ8L@1C;G*-F5C1'CBFU2,5@=]:O_;FM[9D]:IR\RC?
M')\VQBCFZHUENE\$![>_$U9KC67\E_56>,41YN^#;1QE^_6,LU*.+6&3^..Z
M3M?"``:R1'6L8^])V,HC/C.:TZSF-?^SN<UO*K'>HGJUE4WYOT]^<7J_3&4L
M]YC,3A8GX?JX8XI2[\=U5O*0S7S;M?J7KWR.JX"%F.0``\AT1%[TI2E=/D6_
MM\N.*G1]P7GHE6H.PZDJ<Z;=K.I5L[K5KGXUK`>Z97*PUEIT]C2>7>Q@&+/X
MTS,F[IU+:B-!#]K4C0:SGNU[Y"OS6+^3]K)5@XW?9D.:?`-^=H*'*.I00WG4
MS.ZULQ]=W"9W6LO<;K&TT\EB8V_XU+%^-[SC+>]YT[O>O9KUO:,Y9VQY>]?D
MSO;HQ`UP8J+UV`.7'K&+;5JM&1K7K@5WN),-U<PMV]\2+[!?KBWPD6H;H9RN
MZKFYO.E^__;_WYIV,;Y%KNN)!Y'=\^MSR.TM\YG3O.8VOSG.<7QQ>/A.P>)-
M\L>S9W),VV[C1,^OT2M^<'@F?.6^1GG,4RS/'OHWU2"/;[I+OO.E/\V964^M
MH(;.=9(??9)6+W+6C_GUH'\[R&&7>,$5SMN<T[WN=K\[WO..73@S[\1\CZC;
M=>[G7AH<R7F&^,D)OG6:=IOI/#K[6*DMW<4+?MSJA;PVS2[VJR.^[%T'?.&E
M7FG"I]VO9!=VTTMOY]`[FO6H[GPHG9YEM\9=[E'7.^YSK_O=\[[W$_S[.VH]
M=]#;ULF2M[SJV^Y3HV/\PN)VN->?BVS)0[_:*]^WZY^>Z--;OU;5_V<RY1,?
MMI_;?LE79/MN@2_DD7]?Z+)7>_:G7_SEHE_Y89:_I,L?8]_SO__^_S\`!F"R
MJ%\["!]S'1+WN5_R*>"E8%OSP=WS;9[@\10"*IWI,5_$P5X&JEA;L17F/1R-
M+2#:!9[6O5SDZ=^&65K[<9[/41W626"YO=\%DB"BQ1^@B>#ZK=NOH6`""J`/
M_B`0!J$0#N$:#5_?R1D!BAX'*N'@;1L,UN"\.*#GZ2#EK>"8S1]L`=L3@F#X
M3=[Q;2!ID9H'UE_^N9<59AX6EN#X*1L/FM_;X:#X):%YL=\6<IP,3AL&&E\3
MXL\=-AX-LE<;GB$1#B(A%J(A'B(BRE8=MO\/$AHA&*8A\4D?'\)A'"*.%*)>
MJ46@!=HA"C%8'\:@M#GB%89AZQU;#T*ACRVB\:E;J`6B,G60*I+?!\JB!KX>
M#3*B(++@)4;B'J*;#;K@+68A)$[@H*1@(AXC,B:C,BXC,ZK<*?KB)@HC2.%2
M+G+B+^Z9)>9A]]&>)NX?*"*<:L7B"4HB%SK@)VYC*HHC&QY9-:[B[`&?*_H1
M+)[C",KAZK$C&6(B/3+@+NKA$N*B.M8C.:88*J*(,38C0B:D0BXD0S;D(]9B
M.N12"Q(C^%&B&D:CQ9%+/^IB-E:A-VI?`YH)(_3"_3%A20*CZTWD*)[D'*9C
M.ZZC-KYDY;UCQ]G_8CRJI,==HT#B9`=BU#-:(T;"7U#*7S`B7Q>^4U'>&36M
MH4,VI5,^)51&I>_98T0*#D\2)4OZ(RD:Y5#BX3-M9$%"%-!]Y#=&H4B2Y`)E
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M^F-T/NAOXD>`9EP[_21,6NB/(FAN%JA\WF.#YJ>,HF1C.B%T4FA,&BB'7BF6
M9JF6;JFS>&@]@&B-=E..KN>3,J9VJ"@MWEA[1NB!PNB--FE@PFF8,J>"XNAP
MDNB.>N&(WF:9\FG`!2E=#&F".JB-DBF;4N1W)?_I.)9HC*+I#.JGA$XI#U6H
ME7*II5XJIF:JIC*(E](#F,8<J!$I1SJJ5R(&G2[J68XEJ=;IJ>KI8T+HDA+J
M:[HJI):J7(ZI2<YJHQ[J1?KH?AH'H`9JHA;JF^[EKXIIRAVIHD9?K=ZGF\9I
MGTII4MX>M+;JIEXKMF:KMF[KEQKK$?95B-;FJS+KN++BJO;J0UBKCNI1[<4J
M/Q(KKM+JGJXH?HXI?8FJO#+JNCICE#(IT`2KD@SK>2JID3YJ:88K3N'KKLZK
MLYYK);JK(I9KLHX=L7*KQ5XLQF:LQBX8M:I,>,+9EH$F),8KJG[@-M%KQ`ZL
MK(Y26E7@LYKFK=[I<^K_:[[FJ:TR+)2J[(Q.K)G"Z<,>9`[BYJ`N;+\R:-&F
M*<2BJ\^R''5ZJ](J[,9&K=1.+=56;9$N:\XZZD2&+!F.K,R6+/J=;)JFK+HZ
M*<TJ:U>ZK,,V;+FNK(F&XG!6+,6N[6`.+7F^+'$"[;'B(\D6:]D"9=*"+<[Z
MZ]*:ZXAVJL&>J-4N+N,VKN-*+>+&&;B";,>*JZ]RHN`B9<#NK+M=[=D:[=_.
MK,T2KHJJ;>&R:LQ"K=F.;LWJJI^V+7+J;-UBK:'";ET*:];::=_2*]W.+:_>
MK=RB8>_NK<0Z;;72[N,FK_(N+_-"9<%Z;.4*[N!QK<FZW>ZNJ^+R(L5%:^(>
M_RWO_N[MTJDC#BUXJ6Y35:_LHJ?MYN3UCNKIUJ[QWBSW6B[X\FOVHJ[W?N_Z
MDF[]:BZ+BBV*/F_S#C`!%[`!=Z<`7TOTDFLV46_86N_7,G#7NN'8<NSFM:]B
M7B[VJB7YRI&]8M8"$^S@YN[PHBWRPF^S/JW>ONZ28K#GEK`(:S#;[B\+]^\D
MCE>D_6S\'C`/][`/_W!#\BPX("S10G!Y9=I71K#VXJN`^NT(MVGZBB@-@V[@
MRBI+=K#L,7$(2[$-Q[#K.F;HUG`40_'[.O'G<:Y;JJ[[5K'\RK#PXBW,YB_9
MYLPKZG#D`C$>Y[$>[_$0"K'8^+'HKF9G<E\2J_$+5_]JWH;H_;XQ'+<NR\(A
MOF#QVL7BQ`+R(;,NTYXP\-JM%T^Q'7<N&F^B"V?N#8<Q%WNR"L^OM*)+'0/N
M"O,Q+,>R+,_RW5FRH&J6@DFDF14R)V_P&+=NN\)P$:/R#*>P";-QKEZQHNK;
M2U;R%K,M%(TR"B-ST`JS%=NR_AJSV[K*(L>Q*A<S,:OOY](?F+2R[^XP+:>S
M.J\S.ZL9-D=S]:F2+GO;"@$7:FXN\>*D(>/I%Y=E&;OR/]/O8_:G`3[A325P
M$0_H+U-Q\+;Q-T_SK"+Q^?9R-C]Q*#?R$F/R>YIR-0-L/+8S2(>T2(\TB+US
MI-JH/`\RKM6S2=TS*,_N^%+_]"F/\QJ[\48'=`9[;3?O*T!3,RF_:_;*]##W
M,^GM\SG+<45']"Y/M";_-/MR]$QK="HC=8]ZM"N2-%9GM59OM5&9]'1*H$&J
M]!$7W=_IM$N?,4Q[(D8'\$.;L38?,U6O+BH1M%@['#8C]`8K-%23L5%W<EPC
MJOZ&[[-*<T83M?VNM033=$__]1Q;=?EQ-61'MF1/MBMYM0J"]?W,<UT[7TSW
M8C"_-/^&XU[7=%LG]7_J[#C1]5C;\S/S\UM+KV&?-F*G=5,/=3A7],(*=NDJ
ML5O?MF[C=&'#*F-;L&.W(64?-W(GMW(GCV47-52']6IO-@1V-@=^-EJ'=I7M
M-&G;_[1I`Z1]IG9`:G:_W34B`W-L>_="\[50,W(8WQ%*2_=H?S)WJW=I0[14
MRW<7.W=Q/_9R][=__S>`DTQSD[.B\3=(LL\KYW0@VK8U%_;"U;9`OS9[U[<_
MHS8<&?*GVG4D7:=]6_3;QO=-]S7^#O:<7A.';S)P3_4((<A`V";ZEG=2W_=?
M[K>!![B-WSB.YSB=#+C_+G2-L_7.)3B-GS<^"[=HS_91YW>,G[<8^W0@L^:@
M9OB_^=:)3[B3T[:29S(1HW=T/UY&W;&59WD^@PB+5X2+/S!>][:$<_.0HZ".
MOSF<Q[F<-\B6JP./*W@3'R\O&^N0=_AP@_.#0WA4,[E?>_]XB*_MC_?LZ=9Y
M,ONVFA,:HS?V?!NNH`.ZDA]@"%=YAY^T1R.MF!?ZI[LVH?]QFR_XG)\ZJJ>Z
MJF-%I$-O@=O>H7=DY/:YI5]YK8.;B#LR0U,XD/\YGN,NM.%MJT>XK5]SD*/S
M4S<X?:?WKL\FM>*;IM<ZIP.LISLZJ%N[J)M8J1OWJG>[MW\[N&L[88^Y,"=Z
MA6ND"1I[L?DYKX\X@J]WKOYVL:,X8IL[N<?UL/^ZK\MUH,,XI;<["6OWLJLG
MIO<<F-OVM`=KM:]YDO_YG?_[MG]5N$\\Q5>\Q2>\P"?[:,M=]\K7DL/Z=H.X
MJ/-8QE_[J(<\MO<ZP(^\OWOSI`__.L<'_%7G6\D/_+QWM!D>O(,?+K(SN(PK
M.J#"]F$_[\-_>,2#_,4GO=(O/=-?=,US>?#&?*P/VL=+_:V'NLM#NK*[.];S
M=%4CN;ZG^[T#/(T/?5_26JXO-M@[?0@B,D_J/+N??,):M=#+/#6FO;P?O<<W
M/=_WO=__O<DSO`+/M>!S_76KN)"&N:G'_<^+,V<WM.%W_38;/;SNF)'??-A;
M&W%SNZL_O4-C/MO/O,I3_>>_?-X':-UK.=UWJ][S(."_/NS'ONRG.=I/;^$'
M?LM?,@4_NINC_+Y?O7+!^S7;_.T?>.7O/=`/[TU*NM4/ON=/?8J/O>N?N_YU
MO.DW^]DG_[:A._[T>VKK=[_LA[_XCW^XTS[-WU_*`S^/VSML*QR]B[POFS6S
M9_WURS7S_S[,YW[<GS[R$P!\3%UNSQ#EI-5>G+5\W7\P]+9,-$_4)-<@=5\8
M8&>ZOF+&UG<,__B)3Y@"%HV]CG&X-!R=3V94^GA6K5?G5+OE=KU?<%@\)I?-
M9W1:O6:WW6]X7#ZGU^UW?%Z_Y_?]?\!`P4'"0L/#ER/$148T+))&AQL8J+G*
M$!;$'3$@N\ZTQ\PUQ;#0K#W3R\@&G=6<4]>%5%6NV<^QVT';W:`DGCS>Q]BA
MX&)CC>%DY67F9N=GZ&CI:>IJZVOL;.UM[F[O;_!P8"7Q<L_CYO_)1-@XVI$5
MS=;2W[I<L^->-5(P_!F^?AK0Y"USEPQ@P"\'-Y2Q%T@AEG>;\#QLZ(WBQ5#F
M-&[DV-'C1Y`A18XD6=+D290I5:YDV;++/I<Q0>!+9R%&P38X)<$[))$?/3H5
M<0%D`],+1G7CD-I\-E"93E=+D1R5RH&,4#]5BT1T6D\K3W%?Q=:06=;L6;1I
MU:YEV];M6[AQY<ZE6S>*4;LJ@Y6$JH]=WIE`VPH;18[A18=:FPHV6$4:TC,8
M_2:5P=306+*^?$[$7&%C9]`E`(\F7=KT:=2I5:]FW=KU:]BQ*1F6K7$OR;Z@
M_K[&>I;PY-XO$0/ZNGASX]Q1)=\;[FC_:A/+A4*#W7G\W/06MK%OSU[;^W?P
MX<6/)U_>_'GTZ=7KI;W^6V:9>.$D/QU<+7VJ6PNG(EB,4X1V;!#(L6MXD0-`
M!&[+*1]FK!K&P:>:`XF[Z=RS\$(,,]1P0PX[]/!#$$-,23X1G8$O)A+=P*\T
M^]):L9;V(INE/P430O"-KFC<[;%=#NP.NAY59)#&"']$[J&1*`RM1":;=/))
M**.4<DHJJ[1RM12O[`FA^&*<;\?66D3KQ2VR_(^_(@V<Q\BB!#0.S`%M\1$"
M-1>$D$CD:J(H224[T_)/0`,5=%!""S7T4$03I0).10TU<S\Q4<M1+C*UB#1,
M-F59J#+*?O),_[<3X_1R&C3_8;11D>1DJ<^E4'7U55ACE7566FNU]=8C]<,5
MT$>!8RRV2>.J=(I+6;NQ.M%$&^I3YT)]4]<"3<GJU%W?FW%55I>K=EMNN_7V
M6W##%7=<#X<E=[U>02V613?M,G>)4<^EL].KVHWF77GS38S>>?D]*=L]]15X
M8((+-OA@A!-6^`Y\%X8MW6;7)2U8N!KV(5Z!E97161.I=?CC`/T]`!F7`$82
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M%.EC6>U7>\O?X(S'L_Z=#7GW8V`LV&>_!D90@A.D8`4M&"((7E`0VK,>][J6
MP!_\3U-WT@8'[P*^C!UP-B`\GN`T^$(</1#_?3"D80UM>$,<YM`L&=0ASA!$
M`?1`K%0]M(8+@82Z[+6/B$O<4J9(R$0H1E&*4Z1B%7=H1"NJQBI`/(\06Y?%
M!HGN-]P8(QC-&$,G!O",:V1C&]WX1C@J!7AQS,L6AS0>+S:/CHO`8AE+J,0]
M!C)P:12A(`UY2$0F4I%G1.(B+<@X1^Y+<#QL1",C>4E,9E*3F^1D)S5H24_&
M#Y*AO,XDL5@-4))2E:MD92M=^4I8KBR5L83>*&EII^UD;H%)?.(M??E+8`93
MF,,D)B%F64S8V1*99<..+BEIS#LN4YK3I&8UK7E-:QX3FY%3YC:EH"1GGK)C
MO?1F.<UY3G2F4YU,_WSF.E7637?BH$(?09L`119/?.93G_OD9S_M)DY_%@V>
M`?4?:":DS18RBZ`+96A#'?I0B'*KG1$]UT`INJB`C0B@D2#<13WZ49"&5*0C
M)<]$23H^MIV4%1+ZUT8KF325QE2F,Z5I36WJ$9/>-%865:FV\N921G14IT,E
M:E&->E2D,@RH2:V6R8YZD)+M4E3W9&I5K7I5K&95J_U"X5;'Y52C0K4E"$T3
M5;UZ5K2F5:UKY6=.V2HEL!95K-ARJ_Y@^E:\YE6O>^7K*^O:5\`2S(^?J^=4
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M&56-.V(AVUPC-<=9SG.F,Y&O6V<\:XG-G%*C`O:<9T`'6M"#WNF="7UH#-*D
MS9HQ!J(=_6A(1QI$7Y9TI36D$&3YQ]*;YG2G/<T_0W]:U.#!]$K1,6I4IUK5
MJZ:KCEG]ZM[)<%.PIG6M;7WK(I87U[L>C*PAP6M@!UO8PS;5D8E][%;[^J[(
M9G:SG?UL:$>;2<KNL[2M?6UL9UO;VS8-M=W,;7"'6]SC)G>Y+4)M<Z=;W>MF
M=[O=+1V`O5O>\Z9WO>U][RFS"M_[YG>__?UO>1O4S]4&>,$-?G"$)YS6`I^7
MPAW^<(A'7.*`9GB""#YQ_XQG7.,;Y_B.U8$Q+G9<Y",G><E-ON&/&SCD)V=Y
MRUW^<IC3EWPQIWG-;7YSG%-WYCGG><]]_G.@1W;G02=ZT8U^=*0G7>E+9WK3
MG?YTJ$==ZE.G>M6M?G6L9UWK6^=ZU[W^=;"'7>QC)WO9S7YVM*==[6MG>]O=
M_G:XQUWN<Z=[W>U^=[SG7>][YWO?_?YWP`=>\(,G?.$-?WC$)U[QBV=\XQW_
M>,A'7O*3IWSE+7]YS&=>\YOG?.<]_WG0AU[THR=]Z4U_>M2G7O6K9WWK7?]Z
MV,=>]K.G?>UM?WO<YU[WN^=][WW_>^`'7_C#)W[QC7]\Y"=?^<MG?O.=_WSH
M1_]?^M.G?O6M?WWL9U_[V^=^][W_??"'7_SC)W_YS7]^]*=?_>MG?_O=_W[X
MQU_^\Z=__>U_?_SG7__[YW___?]_``Q``1Q``BQ``SQ`!$Q`!5Q`!FQ`!WQ`
M"(Q`"9Q`"JQ`"[Q`#,Q`#=Q`#NQ`#_Q`$`Q!$1Q!$BQ!$SQ!%$Q!%5Q!%FQ!
M%WQ!&(Q!&9Q!&JQ!&[Q!',Q!'=Q!'NQ!'_Q!(`Q"(1Q"(BQ"(SQ")$Q")5Q"
M)FQ")WQ"*(Q"*9Q"*JQ"*[Q"+,Q"+=Q"+NQ"+_Q",`Q#,1Q#,BQ#,SQ#-$Q#
M-5Q#-FQ#-WQ#.(Q#.9Q#.JQ#.[Q#/,Q#/=Q#/NQ#/_S_0T`,1$$<1$(L1$,\
M1$1,1$5<1$9L1$=\1$B,1$F<1$JL1$N\1$S,1$W<1$[L1$_\1%`,15$<15(L
M15,\151,155<159L15=\15B,15F<15JL15N\15S,15W<15[L15_\16`,1F$<
M1F(L1F,\1F1,1F5<1F9L1F=\1FB,1FF<1FJL1FN\1FS,1FW<1F[L1F_\1G`,
M1W$<1W(L1W,\1W1,1W5<1W9L1W=\1WB,1WF<1WJL1WN\1WS,1WW<1W[L1W_\
M1X`,2($<2((L2(,\2(1,2(5<2(9L2(=\2(B,2(F<2(JL2(N\2(S,2(W<2([L
M2(_\2)`,29$<29(L29,\291,_TF57$F6;$F7?$F8C$F9G$F:K$F;O$F<S$F=
MW$F>[$F?_$F@#$JA'$JB+$JC/$JD3$JE7$JF;$JG?$JHC$JIG$JJK$JKO$JL
MS$JMW$JN[$JO_$JP#$NQ'$NR+$NS/$NT3$NU7$NV;$NW?$NXC$NYG$NZK$N[
MO$N\S$N]W$N^[$N__$O`#$S!'$S"+$S#/$S$3$S%7$S&;$S'?$S(C$S)G$S*
MK$S+O$S,S$S-W$S.[$S/_$S0#$W1'$W2+$W3/$W43$W57$W6;$W7?$W8C$W9
MG$W:K$W;O$W<S$W=W$W>[$W?_$THN[B"$DY3(T[@/$[D[#SCY(IO`Z#F3$[H
MC,[)6_].1GO.@2,GZ<Q.[4R\H>.J,*N,L*'.T)FUP%"H9D&@E=M.]5S/(>M.
MBRLR\#P![&0FH2K.:+(>]+Q/]MQ/_G0Q;_M/`!6+D>D%6J`,<'JS`$U0-4G/
MR[I.\>Q/"(W0J%)0"JW01ELT/NL9`Z60`;50#VT>!CVL\GQ0"2U1$UV>#TU1
M%;T$+BK0PSK0#%U1&96($#7/$;7.$\U1':4G$0VAV?).ZL@U9:G/&2U2(SU2
M)$U2)5U2)O50#.W0@4@6*=4C!(72_ZG1'NU0DDO/T*F.ZD0CTB&<^;1/]W10
M''W/:DM3_92H,]W1!6Q0("49,RW3\V$6(FU2/,U3/=U3/NW_4S_]4\[!TG:9
MTDF(,,O@TB=%4.P<4XA#U.#Q4HPBT?$$"S&5U!@-TDAMTT2U..>L*$UU4R"\
M$SC%'D8-STFU(_.4#_@`5%9M55=]55B-55FUTUFM55NU5455(S4MU"QU`;-R
MU!L-('ZIS])I+6`=H?5"TU+-U>S84!O5@V-=UK#XU$RMSE&]U$PEUO<,5D8A
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M]==41=J@6-.AM18F0-N@]5%X]5D@F5N5"])OE5,@-=O[S-EUU32>7=O@`EF@
MK=FI4H&*G1:CE:^W3=K7<EJ1DMH6?5RJI5OW[-MR_5K3A87335W575W6;5W7
M?5W8Q=65+=OXE">[#1]AY5QH[=AEV1_\852-U57>5=9.]=OAE4_=[=F\%8',
MU5RK2MZ/\O]<`@5=+OG<N`U7Z5VQV-W>D.->[_U>\`U?\1U?\BU?*0-<31$"
MVLTW(UE>_()>8E#75;#;X&63YLW0XF5.]]6,H]78BX5?YZ4I`*:H[!5=3,5>
M.;7>T077TC7?U85;!XY@"9Y@"JY@"[Y@/=7?EWW:B[G=WFW?`;[;_:U7%7J0
MRD5@XQ3>DW74S%U?C.K?#<[/`)YA@[E?2/E4%A[9`[92"-Y@),)@(+XGR7VS
MV177'::3L?)@TD4(J*BG('YB*(YB*;9:9IUB*[YB+.93I%'9+PU;+J[=8'':
M:-5AIC5>&A8P&_85BAU;CQUC!\F?'\[B"D;<1>5;'SYB3DVV95W_XD#M5M21
M8T`.9$$>9`JM8D(^9$1.Y*798OMD3D7]XAL)8WEUX]PM8T<^8TS>H`%.N?PD
MI$@^X=K=U`&M5OP%61#VB5FS84KF4!2^7GQ%X,`@@N.]V2$^H8OMX+.-X5+^
MXA[F*N\<(4.&*4KKX<)29'T+6^J4"N6M+&-N9F=^9F@NM4S.S1%VW.[0W6?M
M7E"N9#4EY5465:!(Y5D6Y5:N.&1V9?Z%Y1"2Y6H^9Q>FW%NVW5S^U8XMW)_!
M6&!VYTI%LV".XVA>DG,6W#\KY_OJYW\^:(1.:(5.XVD^S796VU!FYR?2YHGE
MYBMU,P4N)&>-T@0>YUVVYGDBYEI6VD=>_^<U+F/?5=])AE[@U64[%EO#_>@8
MS6>N&6:#9M&%%M"`-MZ,:N."UN><#FJA'FI!;FBC]CG_M3F&?M>']F7*VA2*
M%MFHKEN241"B]JFCSFJEUN6;6VJA#6&O#B<DF&I>3;F-'NLZN6J6TFJVICD/
M;FNXCNND>VNYKFN[[CFZOFN]WNN7RVN^_FO`[CB_#FS"+NR'&VS#3FS%]C?$
M7FS'?NR``V7(GFS*GK?&KFS,SFQLNVS-[FS/1C;._FS1'NU;"VW2/FW41C73
M3FW6;FU)6VW7CFW9#C38GFW;ONTT"VO<WFW>+C/=[FW@#NXJ^VWA+F[C_K':
M/F[E7FX22V[F?O]NZ*8PYXYNZJYN_YINZ\YN[78O[-YN[_YN[^IN\!YO\E8N
M\2YO]$YOW#IO]6YO]T8M]GYO^9YOS(IO^KYO_`8L^\YO_NYOM=IO_PYP`7]>
MR1YP`S_PO@)P!%]P!C\I!6]P"(_PB")N":]P"R<I"K]P#=]PB,IP#O]P$!>M
MI@YQ$B]Q=?)P$T]Q%:^F!U]Q%W_Q4&IQ&)]Q&G<D&:]Q',]Q.KIQ'>]Q'P<C
M'O]Q(1_R)0IR(C]R)(<A(T]R)F_R!EIR)X]R*5<?*)]R*[]RYZER+-]R+G\=
M+>]R,`]SR/ER,2]S,U>Q`C]S-5_S6DIS-G]S.(\=,H]S.J]SUG)S.\__<SW_
M)Q3?<S__<Y>9<T`?=$+?%4$O=$1/]%<Y=$5O=$<G%$9_=$F?="J)=$J_=$P7
M$4O/=$[O=`S9=$\/=5$O#U`?=5,_]>[Q:%1?=5:'DE)O=5B/]:_!<UFO=5O_
M=%J_=5W?=5+/=5[_=6!/]1$/=F(O]EGO<V-/=F4?$U]?=F=_]K5X=6B?=FJW
MK!"N=FS/=G.0=FWO=F]W+F3_=G$?]],)=W(_=W1W(%5/=W9O]W&Z=G>/=WD'
M=WB?=WN_=_+"=WW?]]_E=W__=W@S=X`?>(*'X6$O>(1/^/@5>(5O>(?G:4M^
M>(F?>(BG>(N_^+UM=HS?>(ZWV8[_>)!WV9`?_WF2)]Z2/_F19WB47_ES5WF6
M?WEOYW:8GWE1EWF:O_E,MWF1[EM<BOB9T7G70%^<'WKX`WJ@QN/->1RC-Q:D
M)WJG+WJ-]Y5D37K'67I0B^FGSWKY,WKX;-MUOY!ZS[&HCY+'$BQ7&\ZOUWJU
MORVNOQ;Z3'OW"'LCLWJ:T368,3937GN]U[FQWYSO'"2NOC2X+S:Z/_:RUY=0
M$VBYWWO&#ZRV[WH2#OP,<?F>I_RX3_RGP7P-[OO&[WRAX_SMH3+`?^<N&GQ4
MD/Q*U_P;FZ].+GS/?_V+>GRW+Q[7_RG+O^';#R(J31O(/VF>AWW@!RW9%WTP
M`WT\,OX/0_YRV7VLZ?]]Y$7GX(_^S\]]>,%Z4Z9^TC]^Z^<CU'>2W]_Y@T>8
M[R=HTT]IZ3]__5;^MV_AD<9<T]?^I)8D]9_\6C;_NV]_Z%?\^4=__B<`^)BZ
MW/XPRDFKO3CKS;O_8"B&06D&8]J<K#FUL.K`J&S?>/[1K.[/O)]P2"P^>"<@
MLF5L.I_0J&)9@E"3G&M/RNUZO^"P>$PNF\_HM'K-;KO?\+A\3J_;[_B\?L_O
M^_^`@8*#A(6&AXB)BHN,C8X),6Y4%E<^-(^-6C5^2)B>$9,2FIN?I7:5%$L=
MHUBFKJ^PL;*SM+6VM[BYNKN\O;Z_P,'"P\3%QL?(R<K+S$Z1;:&IT3B7S6?_
MFH"=UGC31]C;X"O=5MH;K"[AZ>KK[.WN[_#Q\O/T]?;W^/GZ^_S]_O\`2SUC
M,XZ<*G'GT$$:>.$<B(+>%+YH5:$<@X2D(G[+`'$BQH\9#53S\&P+28JB@E34
MHL*BAHX(73Y$V4>B&E2G8"XXB`%DR(!`@PH=2K2HT:-(DRI=RK2ITZ=0HTJ=
M2A4,PYL\/<I$X'/GU96C9F[5^)-L3Y4QPZ94RS%K0Y\8O3+9,1>`R54T#7XE
M.Q;O2'-N0>E\F7>/S30XZR06C/;MQZJ0(TN>3+FRY<N8,VO>S+FSY\^@0XOF
M6I=@8+V-IX"4>]?Q1K^I&5<!.YM2[(4.U[YV_9<W_]S=(O>>-=D:\&'4Q9'?
M/MF[;=^TS>D>-UQ[S>(YU_DFUYIPM/?OX,.+'T^^O/GSZ-.K7\^^O7LTVQ&?
MUEY:==?@T65W)\P6>G7=TRDA''[[T3>8?<`!^-N"\=&6G33UZ=?@1?U)]YR$
MA8$E0H)9L,1?<A<.MQQWCQGXWQ`/"G'?>RRVZ.*+,,8HXXPTUFCCC3CFJ&.+
M$YIQ(&[/_79`B!26Z!R'I$6HG&WY#6FD@!5B.)]R##+(G(='9NA?@%N.^*&7
M4I[HV(98BO7CEJPIV2&14#Y99),ZI/C#BCO6:>>=>.:IYYY\]NGGGX`&*FB,
M/99QII-3V@47H@.VR8IQ2/\RJN6;7%(ZX6I4'DI@F1!6Z6E93'(:ZJ1I%@JD
MG%G"&2:H$)*)JHB)2EDJJ;ZI26)<)K*:PZN[8CKHK\`&*^RPQ!9K[+'()JOL
MLLRB%H>FBI[V*:^2TIGKHPAZR2M$T\X:99)"*CBME0Z&>ZVNX-J:K;6.%I@I
MNG.:"RNNJRXX:F[UNANMO"E$VJM*;#8K\,`$%VSPP0@GK/#"##?L,'RTD@%M
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M?C6N]RPNVG'6_G[X:[M/.MQ:[AY=[ZG^#&GPZG.>``=(P`(:\(`(3*`"%\A`
M6#U+?^*3V>O@1R1539!+W/,<X"X(+XX5!&5CNUZ/8(:__WR=+(*L@EF0!A/`
M]16F@G[SF>YBB#_TN9""+(RA]SP(PAK22H+_Z^'?>`C$!AKQB$A,HA*7R,0F
M.O&)XRFB%_270O^ESX8EI!+)(BC"L@@1ANK:(>=`MIU7D?"&)MQ9%1.E0FWE
M,&(</!T8H=>2&5KPBI6RW!L')\8PIBZ./X0C\(1X)3>V$(J(3*0B%\G(1CKR
MD9",)"/H^(7=J1%^>+S6",RHO4Y23H>!9./4LBB^+=8*DQS4Y/QLV$8BTK!\
M6#,D)3>IQSL&;(Y^VYLL/?DSH4DQB'^<5RAG*<EB&O.8R$RF,I?)S&8ND9A<
ML"3IX)5)+@8NE[Q4TQ=!B4-1^O\2F^"\X]INE<=1QA&%Y&0EM-2X*JTYHY9\
M?"4N+:A+5VKP>]]$I9ELUK]N0M.9``VH0`=*T((:]*`(S=$_9<>W2V*1C%A<
M)SM-U,4N[H^;#P7D&E^9RER9\EYPO)#T=BG.CEHTHSD+X`I+6L?J8?20\UR=
M'0?TM0V*KF8H&ETA8\G2A/KTIT`-JE"'2M2B&G4="X5"Q5(J19%RE*ELRV9O
MMMG356+0G":]V4>AFDXO2G1SYHRI/JVJ3F\F%9@PC=4LQ8I2C=IDIB2%WAFE
MP*^NMO.H>,VK7O?*U[[Z]:^`]=$AK3(NJ(Z5E!7MUQZU"<!/5O6$(;2K1R<+
M4E2"E7__:*Q?6]E*35CF#ZZ_'*1<U3K8S%*4K%LS:US3BM5HZI2K<@NL;&=+
MV]K:]K:XS6U`S_I.^\&VGQ%]JF?+.$9I/G::UKR?9J]:6HAV]K+"71\Z5WDR
MX0+'II@=HB"KZ1_@;K2YXUMI/9LZ1L$&T[D9G:MNU\O>]KKWO?"-KWR5Q=LF
MV*VR;4UL[!1;T_Z>3;HDV!YGB3O>[3I7LNC-;_JF>]=I@E=4V(VN=@]K6I%Y
MUYV&_0]HQ6O@&X;V"?S4+&3G2^(2F_C$*$ZQBE?\F?H:X;Z_%68YCUM=K_JW
M9`#>IVKC>6,.4YB[L4UP9]/&X""CT+H0?EMV=]KAK,[JPOL=_ZZ&=^QC!?OP
MQPPEI(@GRN(N>_G+8`ZSF,=,YE]\.,LTCO$I@YMF!X?8K87-,#Y?NE0T^2ZD
M4H6F/4=;4O,)N:Z1*T)VG?K+*A\VO/^U,W[/6\F1)KK,D(ZTI"=-Z4I;^M(O
M;G(7)+IHM++9Q7]^;:BM5V-.VI)\BI;Q9O/<W!PO%\$.M9@TNRMH"1-:TX:V
M,J)QG&HI?V_3CN8UIH=-[&(;^]C(3O9\04T$3JNYTQBF98$M2T6>LEIE/(;G
M<Y-ZRVLW><_JFRN@KWP[U66ZM;?&<K8?[);I=;O-^"$WEFLM3U0K^][XSK>^
M]\WO?C.2V3E=\K,'#N0`3WO5U?;G/?_?/4R74KO5!8_V^8:\8,R=:]$"KK-V
MSMV[=%N9:@WNZELY%U8)XT;>'[<OPX7M[Y:[_.4PC[G,9SXT@*NHM5#.N7ZO
M:6B1/SJY$[]5C?5#3D]O>^&VINEBJSIN#S?=W/3N.)C^N6X@[KIJ*S]SM%!.
M<1!G/<XT#[O8QT[VLIO][.VQ>;P$[EFCJS(E(W86:C4.=/0*G<MRE]6='ZZY
M\O8ZZ!=?R<0OVN.J:[K"0B8XR(49<M0._KN5M8&6UW1XC1Y9?FC/O.8WS_G.
M>_[S^%"[)7"NZJ[?M.[>B+M9Y@YVU./QZ`WO,YXACMC3ACKR%B\RW%^/]<*K
MU.2(!SRLG\S_>",[GO?,U;7HG4[[)>V]00DW/>BG3_WJ6__ZV,\^-YJO5-*O
M6?JU3S!.<Y_W6(MI\@>FK/,#3_3WN9VZRU4^TNGI=]7X/".LTR>G<[W=4UM]
MM=B602^%>S,#?+8G9Y?G6]JW@`S8@`[X@!`8@?Q5>5['=L,';9$%(+H')?<'
M(C:U<Q9U=^Q7?O3Q?HTG;Q@H?*@C#?>G@K1&5CJ7>.6#(2DH@ZKG0^TW@_'C
M?2=X?"=%:A(8A$(XA$18A$98=LM7@$D8?HKG=./W@]S1@7F!?J=72N)R@VE1
M=,\'>XPE;MZ&-E84'"V(?#3H<S'H@EJT?A=(ACYX/CFHA4HH>H.V_V$-=81V
M>(=XF(=ZN(=?MH0R9(%M"(-XAWQ31F5\1W(?R(96V(/I]X;JAX4@&(E:-8*$
MV$&L!5V-LE9()FM?UW8[LX'DUXCULU6T`XFB=8GAQ'WJQ8>LV(JN^(JP&(N2
MY(>2QX,(F&&0^#G\)X7'0866]X@2%V4DN(B!&(R2&(*4B()JF(Q.Z"@U:(HU
M)(*,Z(:A"(I,&(W`>(6#J&-\%B)LMXJR&([B.([D6([FR#BT*`.`.(925FJ)
M"#K\XV[U5XE0*(C"B(S$"(U5F(")>(P9EXI^Y'L(]W-N%H9P%C>C!CNB:'?5
MJ(W,R&0X,7G.%G'G6)$6>9$8F9$:*3#IV/]2'>F%`Z:0'O9J<G9^89@])>=Q
M4060$M1*AN=G!TB/#8D[EW>,\2=J_/AK7">1]F:,KV>-RUB/TA8R/+F.Z[B1
M2)F42KF43-F4+<9]%?B1$^-P,,:0:.A0-\F%F-B-JN*-7OE4+OE[0!B3RBB4
MD_B#<E1O=>B..LE\(GF0;WF-(SF304F20\D616F`<NF4?-F7?OF7@!F81=&1
M$PB5OH9Q0Z:`66F0S8B6\M<Z)^EW5R=322=[_E>5;/F/X`9]W;.)!)F3!DEW
MCEEN5W:5I?E]/GF7++>01I=R@OF:L!F;LCF;M"D+A*F:%'B8N,B+2_=T)Y6`
MB(D.;:F9#&%JQ_7_=0JGF.;7/G3(F9-Y:#U9D/-8B50X:[IW<!"WBT`3G?M(
M>?!6F^`9GN(YGN19GE*C=2KWG>QHAKS)B9AGCUD9G+,QG)+96%]YG&KYDKZY
MF,QIB,YIG^SVF;;3CX]7G=QIE\P'E&1)D;C9>JRYA:YIGA(ZH11:H19ZH=)H
M'7JIF\\(F@'*:)^XC<L9F=B)D.UB@L:7F7KFH*.I*3#9GHRYDW/XH@D)HC6J
MGX>GG.KXG@OJ71&*H4`:I$(ZI$3:E+?)<[FYGI[(>O$8ER'ZD!X:EOSGBZZ&
MFO#G:ZLHFBV*;OLIG5E*/U@ZG6[II#<JE@*GHQY)HP_JH^!7I&[ZIG`:_Z=R
M:H1':G!'.J/D9:-8.6'YA:<>DI+!UI95"E(=RJ1M2IT$*J,+]6;R:8N*.F\U
M6GJD.:(*YJACJI[?1Z7!YYV8.J>>^JF@&JJBVG)URHV06GHR)JF`&*.I:9-N
M-I=#9ZC]QVT?6FB"&J6!:J)A:IB/FIN3NJLIIZ4E24F6"I>\FJF)NI>J>JBC
MVJS.^JS0&JU]>*Q11ZUKJ'>-:IBL>H\]NIRPNJ<J2G%MIHDTEJR4*J6Z"J,_
M6J`;^JOMN:SIJJ[BNJID6ICNNJFMN:[2NJ_\VJ_^^J]Z5:H`^Y0;*A_,*CGZ
MZA&U:*T#V[`.^[`0&[&))+`2>QG%:K"'<*JMLO^C#%NQ'ONQ(!NR(JLX%#NR
M57&Q)INR*KNR+-NR@5FR+ML4*!NS-%NS-GNS.%N$,)NS@WF4//NS0!NT0CNT
M+[>S1/L/,WNT2KNT3-NT3FMB1ONT]Y"T4ENU5GNU6)NU!Q6U6OL.5-NU8!NV
M8CNV9*M`7%NVX/"U:+NV;-NV;ONV1G.V<(L,:CNW=GNW>)NW>ILG<KNWP%"W
M?ANX@CNXA%NX!)NDAML.@)NXC-NXCONXD,L/?1NYL;"XE'NYF)NYFKNYNC"Y
MG(L)EONYHCNZI%NZIIL3Z'FZP1"ZJMNZKONZL!N[?XBXLNL+&EN[N)N[NKN[
MO/N"O;L-M_N[PCN\Q%O_O)'KN<:;O,J[O,S;O,Z[=K3[O-([O=1;O=9[O7>&
MO=J[O=S;O=[[O:\#ON([ON1;ON9KNLA[ONJ[ONS;ON[;L.G[OO([O_1;O_8[
MH?%[O_J[O_S;O_Y[COG[OP(\P`1<P`:<?0%\P`J\P`S<P`Z,;PG\P!(\P11<
MP1:\;!U[P1J\P1S<P1X,7Q'\P2(\PB1<PB;,1"%\PBJ\PBS<PBY,LAG\PC(\
MPS1<PS:,."E\PSJ\PSS<PSXL(SG\PT(\Q$1<Q$9LL3%\Q$J\Q$S<Q$YL&4'\
MQ%(\Q51<Q59L9DE\Q5J\Q5S<Q5YLNUG\Q6(\QF1<QF:<#6%\QFJ\QFS<QFY,
M_U=I_,9R/,=T7,=VG*%WG,=ZO,=\W,<;Y\>`',B"/,AK',6$?,B(G,B*W+Z&
MO,B._,B0',G-V\AXW"RWJ@22G,F:O,F<_$24[)`$<\D(T<FD7,JF?,K+\\D*
M^BN8J2!+X[/*F@]=RJX'B\JV?,NX7*2J3)?`TLH2\LH%VYU(BY/>FLO&?,S(
M_*F[;);%XLO(`<R=&LNA1\ROFLS6?,W8;*'+C*#"LI:NK#2PC*^N-:_!2UAJ
MRI\)F\WJO,[L3([;;(/#XLV_#,[!S*#C["#4<<YEVL[\W,_^O)'O_'C=[)F6
M6<[&LJVF.<[I5<\*#4KRFKK_'-$2/='7%]`RV<L$S?^5M8PL"*V(T1-[T0O'
M+O70(4W1)GW2*"UV%EV6K)S1J+C1Q]+1IRD&UA;'`0=#)&W0*;W3/-W3^;;2
M8]K2X\K0#B/3"3H&-0W1#:W4/^F[/OW44!W5+@?4<";4M!K-12VF4"K2"XW5
M:,;4V&AA4CW69%W6QT;51CTCWTC4#9/6X#AZR5G2W>?5WPHR9GW7>)W79+;2
MYEHG1FG3H:S5J]Q;(*W37YW.9)12>KW8C-W8\<77HHPC?PW6#./6$SF[<6W8
M<TW9$Z38COW9H!W:@/7.X_-`<<S9'*?9.9.F^1S.D@*],&T*ELVZA2K,<D#7
MG:V#HKW;O-W;/T7:`&3:J)W_+J@KUZM=F*W-UIL"V\DPVZY]BEUMT;C=4[CM
MV]9]W=AMMH"]@RZ!V*FMVJ=2W.!=R864W--MW)32W(+-R]]=V-[-U<9-W52=
MW?1=W_8=T]L=A],1@*JXDO&*SE0)G;5*VX,:E:OV/^$:K'J*J)7YW_):K4,-
MDN8*05XZW-*<JKI]WQJ^X1R.0,"-='#H0!6>F#Q*?!ENJ+`]WO,R$0A^K@JN
MJ;WZ;?7JI1!^U5.IJ12.J^AMSYQ:J?/=X4`>Y$(.Q/F]G=&ME8+4<VNZI<W9
M=5/:UQB^U&EIJ_^)%H?2I<Y<IC@WRW;Z55I]SFKABUD.D24MWT4^Y&B>YFJ.
MT19^_].6>(@RH^2V/:`EZN0`N.#]-$5]1^6?Q1-73LVTG*N`3N=WNJTD.JEA
MGJAC#MV&;>9MON:0'NF2OB<??N37ZJJ$1T=9WJ2;B>=1#M_[37M*Y^=8A>4E
MSN0W/N.FBI_H"J*)_FN+WN-@[>@[/NFV?NNX3B.5_N8CQ%&]Q]])W>>C3J[#
M7NSOG=C`UH6X%I!5'NR,>JD$BIU*^M;9"J](KA#^\^3?I9*8#>/$;:6Y'N[B
M/NY\LNO8RJT^6=#NO>W"/N#)9^RQ[2UZKNSJQNSM[NP.#NUS9HC3?MF[:NT(
MENUW_N[<OK#YGM[@3NX*O_`,3^2/SMUP?N02W^Y9,MBO7?^7/8J<::KBIR36
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M%-+B'`OO[XZBD[_[O-_[0;',&CW_D&M?^FZ_^0(^\9Y/K``7^NM=+4X/RH'_
M)2M>@L>-^8F?\E$_\Z]/Z,-OYZQ%^UYA^SU/\!0O]KY__NB?_O;PR2&)+N`V
M3L57\C(/^-M/DRXOZV,%Y@$H_AY-`/`Q-;A=(70LHEFQF32#VZ4M2,0-))]3
MQ1I6=+^C!./52FDNK^U>PWU!VZNC"Y:,0N62V70^H5'IE%JU7K%9[9;;]7[!
M8?&87#:?T6GUFMUVO^%Q^9Q>M]_Q>?V>W_?_`0,%!PD+#0\1$Q47&1L='R']
MB/B01HHJDT),*F86D(0F(WA41C6!3CI1/E=2GS"',&,S/4]=EDH]8ILJCW!O
M6GI]?V=W_WAD>X2E@$5#:4];.6MAER\MBZFSDLF:F6]7(\'#Q<?)R\W/T=/5
MU]G;W=_AX^7GZ>OM[_'S]??Y^_W_`084.##;)DK?8/#*`$U5*84^N#6T-HV8
MQ(K1#`Z+F%":-X379#%T=A&%1V+'F#RD2#(7-E89,;)D!A/E2Y=6;LK8^,/8
M3HTF)RZ4R;-C%6UC?.H$>I1@4Z=/H4:5.I5J5:M7L6;5NI5K5Z]?P885.Y9L
M6;-GZR6=$Y*M6I4:;[:5FXSIR&O!',[5&W276HM[J^4,`91C6U)R_XK4*1B5
MS[J)$T_Z4#/R1TV%+S9[-9+QW<9\8W:&XG>;XZ)"%:-5O9IU:__7KV''ECV;
M=FW;MW'GUKV;=V_?OX'K(0UGKV'4&T461\P1+VB[$",J7SYZ.%'E@8?F(AS:
M.$A=<"W_5)*Z97;(X%--_LYY/4;,SJTGV7P>U&E5AQ\OA8^&?/[%U8,+4,`!
M"2S0P`,13%#!!1ELT,$'(8Q0P@DI)`?`-J2C[+B<A-%P"O^L\PZ9Z-KCSK[Q
M+D3/0\X.VVY#MKS+T#317IR%O/>`D=$XZ6#P;*;,2(1I1!IYPN]$Z%94HS\`
MWZK0R2>AC%+**:FLTLHKL<Q2RRVY[-+++^=)<0T=FS3QQ_V2I([(YVH<,J_Y
M<-Q//SEK#`D[.I5"D4;`[B2SPR/?,P7_4/92\!,E'MW#CCD30;M1T<^,7-.F
M$ME84L@ZS0-3TTTY[=333T$-5=1122W5U%-13=5+,94T]-(S3SHM35<&E4C$
ME>*B5%`0/^,U/AA?;%%/F?C$U-!%Z[O445C5<W451&?R4=!`"76QFD@S[15.
M#&?,KTQ5P0U7W'')+=?<<]%-5]UUV6W7W099/</9\`C5H=M7/ZQ5O`V;RY7>
M2[!8=M@3\?4D67W+LY-1/Q\]6!J!JU5QWE^[FQ8S6QO>-5N,=\`6S_]TC,-2
M;^-]U^2344Y9Y959;MGEEV&.6>:9'2RYC'F7?>A>7]W\F$UD<;7Q6X"O@+A?
ME@HNZ>B>9\59_S2>$_:75VB<)@):B\W<%^B('<;/XTE#)F[G3(VFV>RST4Y;
M[;79;MOMM^&.6^Z5;2ZM;)"/FJM/2:T%^U:_%]YXBZ%3<JNN;`EG6K-_H[B;
M8HU]IH]BP>?TV+GIMI8<R>S6)'Q6O",/8V1]'9_;]--13UWUU5EOW?7788]=
M=CGJ1HKQ.&-,/&J$N]X<SPO_O-WVTF.\4UBPH:X,&]V=*#TY,:D6/M^DT6.6
M^>"A/IQSQC__5>2Q0R=^]O')+]_\\]%/7_WUV6_??=UJ%X-YR(G%W'K*>V[N
M[TCC#+V+^7WW-.TICF_&6I[T^D(]ZT'N:$$!H)JT]RK[G8E:O>N8MO^P)[WX
MX01\0?/?^T`80A&.D(0E-.$)49A"%:XP:\)18.[H5+'[?3!$C-)?G_*WM^\E
MSX;!:@P!\1>XRFCA;GZ9VN+$!X;174]6)8N@Y8!41-YY88EDVR`+L9A%+6Z1
MBUWTXA?!&$8QQN:*7ZB=[F1(/QHFK((KV9^VBB<V'B[0ASD`XAIQ)S$B`D^!
M1Z0)`OD#/B,V\86A\1H&"<G'`IJQ@\@+XA@A&4E)3I*2E;3D)3&924W2:H[R
M*Z2Q]N:H!W*,@;Y[H[1Z^(8R@BZ&`_3@(]4XQ()\TGL9<Z0#`2DO0?8QD5,$
MV2%AF$?`J;*1EMOD,9&93&4NDYG-=.8SH?G_LE7ND9:@-&`$?<F-4?X2AU_3
MX2VIV<G="9"7G>,>-B58S?A\TY&H#*8>!Q:P<W9OG)E#I,_R1J]MUG!Z?LP@
MWY(838$.E*`%->A!$9I0A2YT'].<I3C1"*Q3>A.>.6P31=L81WFJ4XAU<F='
M807%RW&4>E+,9P'?LD^M4<%S"O.H(0.XO3WI,Y<KA>`4JQ@^AS*4ISWUZ4^!
M&E2A#I6H#-UIT3:H*U;Z<U"*4>E)C\1$B`7TGD'L7L[*64QVEE*CJ>0?'(-V
MT9AN=)=0[:5Y`&A67"C5GLW+Y2"GZLNBSI6N=;7K7?&:5[WNU71'Y2!'9QC%
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M[,D#59?*7`P/V+N.O>$UMUL_#-/SIOR=H%=!"F#E7A>X!`XP70J91N,&M_^L
MX2QPA7%L6@LW>+N!W3$LG0QAX<YTD26V\I6QG&4M;YG+739A>VM<VB&KF&<,
M"R]T$'SC*$N4D4[#59J%O&;#RFC`>KEC?^L<9]L^^+@1S5`#!?L=G#&6SE55
MLY<1G6A%+YK1C7;TH]$%9DZB&+^!KK*.]8RU7L"9S=?,-*%=]69#X[G'!E9C
MI^6,ZE)_NM*L;EQ6A;?B5M.XR0YN5JBI2R9.FQK2O?;UKX$=;&$/F]BND;1;
M]=L_2^//S&"MSZYIW>PV#QIYT.8UIDG[YU4?VM:NQC:209WG'F_[VK5.];=)
M?6%=CUK5Q7;WN^$=;WG/F][U7L2Q`]+NM:CTSL7_W7.Z[59N3W<7W9$KM,,`
MOE^!OYJ&_KGTF'DHU3Y[^Z'@5CBE[9UQC6^<XQWW^,?KC6^`Z)MV_'[EP_^:
M<$_2>N`H3W%U#@YHBR-\X6IZ,3!CFNP,)SG&(D\UE+\-<J$/G>A%-_K1D3YB
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M[7?_%\D???/;\OWUM__]\9]__>_?;/&'_OSYA?\$<``)L``-\``1L$K\[_D`
ML*T2\`$A,`(E<`(IL`*M8@'_K[T4SP(YL`,]\`-!,`1%,)`V\/T*;\-&,`55
M<`59L`5=\`6G2P1/D()@L`9M\`9Q,`=UT/XPD`$U\/5V,`B%<`B)L`B-<.-Z
MT/EF4-..L`F=\`FA,`JE4-&24/F6\&>F,`NU<`NYL`N]L*ZJ\/A*\#*^L`S-
M\/\,T3`-U5"2PM#XQI`6UC`.Y7`.Z;`.[9!UVO`.]7`/^;`/_?`/`1%^&"P0
M";$0#?$0$3$1%=$K\G`1'?$1(3$2)7$2*7'E@+`2,3$3-7$3.;$3/;&=/C$4
M17$42;$43=$1&_$457$56;$57?$5OR\587$6:;$6;?$6<?'H9#$7>;$7??$7
M@3$82VP7A;$8C?$8D3$9E=&H!G$9G?$9H3$:I7$:"8H8J?$:L3$;M7$;N;'_
MFK$;P3$<Q7$<R;$<*^\;S3$=U7$=V;$=W?%*K/$=Y7$>Z;$>[?$>^R$>\7$?
M^;$?_?$?`;(/]#$@";(@#?(@$3(A]4,A&;(A'?(A(3+_(I&/\R2R(BWR(C$R
M(]=Q(#6R(SWR(T$R)%$1'46R)$WR)%$R)2N1(U6R)5WR)6$R)CN0)66R)FWR
M)G$R)V.1)'6R)WWR)X$R*-F/)H6R*(WR*)$R*8N-*)6R*9WR*:$R*M>+*4_-
MSJKQ$O%NYDP/*X?,$KE2*L$R+,5R+&>/*GM.Y9KI#0-.\+IM^:ZPJ\@R+N5R
M+NF2]LPRM]"2F=1R>$I/W`*/)SVH+@5S,`FS,'41,&^F:E[G+15N$,)&].*K
M6+:.VPRS,BWS,C$3T>X2XK2M=1B3YAPSYF`O[ZXFYR0S,U$S-55S-3EL,ZN&
M\6#F,Y=&$!ZS[R+3*FFN.%AS_S=YLS=]DZ_,DN12S#.9+\R2CP21`Y`TY(%L
MS*1$\S>A,SJE<SH+*CBU<N=0IP$+1S:I:+2::UN8$SSG;-VHLSS-\SS1DY*(
MLB]=3'6T$]F^TBM_;.*>QVC@*\C(,SWU<S_YLS]':#U)LSA=YCT[[S@3L[H>
M*SS"$T&M#?#\\T$A-$(E5&X`U$%S['0(=#OC4W0BS+(4]*TZ=+FN8T))M$1-
M]$1CAB4!<#,54$#_DB+_!T1%R;J2RYC\"T5Q-$=U=$=91D5=E$6I)$,74B!E
MU+GXC,C,"3\1DT>9M$F=]$FCQ$<Q#DBG1$@;DTA):FPLB*O<2/N@]$O!-$S%
MM$7W,O_E2))*I<1*01-+F8K,+NW';BX`QW1.Z;1.[?1`I/2]-O1DU'0V#R)+
MC\Q7X-24O/1.#?50$3515R-/ES0WO^XT)[-1?RZ)(-4VF^HZS_*RN(L]TT#`
MXE1S;-0!%7542;543=4I&+5,V8WT<',KN?/E,)7<LH<R9\W@6O6T+/5/EVU+
MN28PY?14@358A758PT12C0Q&+37:1A0RV3+/\G)2BU0WNTW&GE-C1M-"7:^5
ME)1:<<I(]Y18P35<Q75<LQ59*\Y<&S2MEC59K=19F%7@JA56J2Q>_^):^_0O
M-4Q46:F!\I5<_?5?`39@N455U<U`7956Y?4VI;7J:G-58[7_5N]3XCKSMQS6
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MNH#KO\#N=0WW<L?DN2Q78T4J<\?6_W-U=W=Y-VB-M>+$5E.YE6%K13NS+<$`
ME7'3=FVO+FY)0GA']G;O5FW9-E!3RF)[-WNU=WN3$G3YLG+-BG@EQ7C'$WGS
M=G575L$<SGGE!'J'=DXRZV@C=_'HUW&Y]W[Q-W^CTGMU56Z/LV5/D+[^B%*#
M9)7NM4;GMU\GDF1<]F3Q*V.35G\E>((I."?Y-_4>3&G'%WL%&.K^[DT,&'MI
MT'0-SU=#EX'I57)/#8*1MH)=^(5A."4OF/#8E_$`N(PZ>/,(V'P1\X#9EX1Y
M;H%))S];UX!86(5C.(F5>(D?4FA/#%MK5L<F=7FKK#YGE8?-3TWA5KL4F`L4
MEEOC-SESE_]?F;B,S?B,`]*)\8#7HACBIOA%=:N`A\N*Q]B!R0Z,VU<Y3^^+
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MGR5ZHBEZ`/6Y:OD9G/UYC!TJH!OE@_VXH+M2G1'XE*M9@X>44$VV>LX5FBOZ
MI6$ZIG50:/_W0Q$:HI3J7LFX]PSZ4P\6?8F9BTU,7RGW&Z]X9+FS;F5ZJ9FZ
MJ2F0IL>N3)H9IU=,IW-.YM*95^&W:%O/CI-"J8TY]H[:I4&U8)WZK-$ZK8.P
M0JE:C@FZ9%=D:P/YJGM5I1N9JR/8;,&C;'=(3]]TGNL)>-5ZL`F[L&7P=X\U
MJFUZ?;DNKJO0HVVW2S48J/%Z8U>/J,OU$B7YFLM:Z@S[LT$[M!.0K35[L<\9
MKG5%KJ?9LEE:JZWYD><SI'D,!4MN2N$9_["3&K!%>[=YN[=MC[3GZ'J=,U#%
M+K)?0GS#N)=VF@DQ.:][^I:'FK:#@63;^K8YN[696[)]>[NYN[O+#[%;6JP_
MXGAGI+CK>D206[;==+FQL+E;&(GUNH2E&TFHN[2)!Z)9.9Z\>[_YN[]_#[B_
ML]/4-:-%UTU1EX.C57FQ-JM7V+E'VM`2>*]]>JNK>W`)E[7/4I/]>\,YO,/7
M#L`+_*%#?(`#O+)=-ZS1JD-7NW0?V,&9%K;S6%"Y4J3]<L%)R<8Y4\,]?,=Y
MO,>1$+Q!;<2%N\2CQ\+M.'91W%9S:L7M%\"\.L%G^[+M^G29><##%\/Q4L=]
M?,NYO,N!S3HEEO]!R2W+X_OS(CS)_;>/T]S`W3JV,X&-[^NK]1@P:5QZA5K*
MCYCJCMS+^;S/_3S+P%Q]9UG-O]EJ@_K,7WN+B_C.6ZW!G4S//0W1'[R+7[FQ
M!7V="U7O]OS/.;W3/1V]7'-B*G9AE7GA$OFN31EW;UJ8(18O*U6^G160TY56
MI8V:H4?$P?K3=7W7>?TJ<UUDB]FDPYG575USV?FD"R[,UY5FBSTOJ7?9)YO5
M:_W8;YW`?[W7L3W;M?V20CV58YW4AWF43IW*:Y?:\;;<2]WJ&#FZOUV$D_U9
M.9/&B7UJ67S;[?W>\3VA>#;51UV@D[N-7]V=P?U=&SK@SRW<=7A79_W_NE^3
MI",5I.$]WR5^XBD^F?8=VN\VNX^=PMT=X?LYXE\6H%0-W#VUWXVUX0\Z>??6
MXW6[XEW^Y6&>?2):052[6*_[*:X]R&-^YWF^Y\=HYA.DYN4AY_6!Z(&=K'T^
MZ95^Z3$4R%-%Z./!Z/%!Z@OVYIG^ZK$^ZV4&Z!>$ZO7=D[4^[,5^[-6%ZVF^
MY8G*ZLE^[=F^[5'%[(,>[=U^[NF^[C,1[A'$Z^U^[_F^[^L0[_%4[OU^\`F_
M\-<0\`U$[PU_\1F_\7<0\0M$\1U_\BF_\D,0\@E$\BU_\SF_\PT0\P=$\SU_
M]$F_]-</]`5$]$U_]5F_]3-0];\$]EU_]FF___9K#_4#1/9M?_=YO_?5#O>#
M0_=]?_B)O_@U#OB!`^R-?_F9O_F'#OE_0_F=?_JIO_K?#?JM/_NU?_M;$?NY
M__O!/_SOWNG%O_S-__RET?O1?_W9O_T/G_S=/_[E?_Y/4?WI__[Q/_]MT/[U
MGP#@8^IR^\,H)ZWVXJPW[_Z#H3B2I7FBJ;JRK?O"L3S3M7WCN;[SO?\#@\(A
ML6@\(I/*);/I?$*CTBFU:KUBL]HM-Q/X@@/=,;EL/J/3ZC6[[7[#X_(YO6Z_
MX_/Z/;_O_P,&"@X2%AH>(B8J+C(V.CZJA(%!4E9:7F)F:FYR=GI^@H:*CI*6
MFIZBIJJNLK:ZOL+&RO_.TE)(?M7FZN[R]OK^`@<+#Q,7&Q\C)RLO,S<[/T-'
M2T_WW(I18V=K;W-W>W^#AXN/DY>;GZ.GJZ^SM[N[6K_+S]/7V]_CY^OO\_?[
M_P,,*'`@P8(&G<0[J'`APX8.'T*,*'$BQ8H6+V+,J'$CQSX).X(,*7(DR9(F
M3Z),J7(ERY8N7\)T^3$FS9HV;^+,J7,GSYX^?P(-*G1HQ)E$CR)-JG0ITZ9.
MGT*-*G4JU:HKC5K-JG4KUZY>OX(-*W8LV;)FSUK`BG8MV[9NW\*-*W<NW;IV
M[^*=HS8OW[Y^_P(.+'@PX<*&#R,>N#<QX\:.'T..+'DRY<J6+V-VL3@SY\[_
MGC^##BUZ-.G2ID_OVXQZ->O6KE_#CBU[-NW:MH.HOJU[-^_>OG\##RY\.'&E
MN:G@.I&\.//FSI]#CRY].O7JUI7?*K.\Q/;KWK^##R]^//GRYL^'/3ZE^PCV
MZ-_#CR]_/OWZ]N_CUZ9>BB01UJZITA\CD^17H($'(IB@@@LRV"!`^T4A(`C_
ML2*A(@0ZF*&&&W+8H8<?@A@B)!`V0:$&_Z&8'0DD7I`B#2G"&&,@+@X8(XTB
MXIBCCCORV*.//_[%XA(F>F$CBMRI:,*-,1C99!@S'EFCDQ8"6:655V*9I99;
M<BF2D$H0B<&42?I'YHI1RC!FDU"&F8B:3W89IYQS_])9IYUWXKG,ET<L:<N;
M>SH`J`1]MO"GFGZT.8BAB>;9J*./0AJII)-2VH:@1!`ZZ*)PAG`I!)FNL*F3
MB'KZAJA45IJJJJNRVJJKK\(JIID(39D6C!$PBJN1$];*))H5V$@JJA[)V`"H
ML2*;K+++,MNLLPV6FL.8MAZ+0*Z?[OK!M+Y>^T"PQ`[+Q[<,5/NLN>>BFZZZ
MZ[++6K0X;.MGN09T&VBV'L3[PKSD%BONK.!6NV^[`Q-<L,$'(YSP5^_>D*^F
M]5I+HL-%3IS"N+(*[`;#9F0,0,<*@QRRR".37++)1?W+1,7>_LIRRL;VRL&;
M^O:+<<MW;*S=S?9"?++//_\#';300Q/M3,YI'@KLRS`OO<"?-B==Z,X4'WU%
MU5WT[/3517/=M==?@QVVV')LK5G4$["8]0%/MV@HS6KK"C<;96LA]]ITCYVW
MWGOSW;???T?2M!$S*QTNSX;S>[:\A$MM]^&"PX$W%HY[+#G@EV.>N>:;<PZT
MY4JZ7;A[<1^W*-0K(TDYZ1AN@#BMJJ_A.K:0=UZ[[;?CGKONZ7Z>.N-H<RHZ
MY*:WS7:H4W=0JNPJ(X]S\,4OO[OTTU-?O?77_]C[F<:SH+:)%R^N.`K:4_N[
MRZ*V'GKBHZ\^+/>8DH^]_//37[_]]\<6?Z?J=[_?]S6'#W7;>QX/B-<^_D%/
M?!'_8YWPW&>^(<`.?Q*<(`4K:,$+2D9_O'I?X&A7.16!#W@<Q$[T9F#`V:'O
M1`A,0`D5D*D1XD:#&)PA#6MHPQOBT"<R/%X$3\>^!+:P@00DX1#AU;(0NO!4
M17P<E0*6MIT1ZF-(8V`.JVC%*V(QBUK4R0X[J+T>+K!J4DQ?$,W6)B2R4(E4
M1*&9G.C!NS$JBLV3UA*W:,<[XC&/>MSC/[K(PS*2\5UC?-CG_)C&;J&17FK\
MX2$W`SZ[]0F`<#2DUM;(QTMB,I.:W"0GFT')\15RCD*T9/)$N3]`6JQYB?R@
M&D7H2`!"\HBWJN0G&PF@3N(RE[K<)2][V8E:@NZ-I03C_R2%&<`ZML>87ES:
M*A?)R#`R$Y9//.,LDTA,W]W2E]K<)C>[Z<UOH@&521AD^93)1G&>$YEE(J4)
M3:E(1)IR7]Z3I3'W`B%R$C&;X-PG/_OISW\"E%O/C)`[95;08[(SD.:DFCYM
MD#$WEBZ>_J-G&>WY1GP&<Z`!W2A'.^K1C^X3G7PZ*!!SAE$FJO.4&CU?-0^8
M4&@B;I[P+"BH(DK-6"YTG<`$*4][ZM.?`O5O(AT<2<MY39BFU(<O56E#C7K0
MAZIRHC.5J467%\FB'E6A0PTJ5[OJU:^"=6];A5]6K7E26N:4I6-U95-'>4^:
M1M6#$)5J55-Z59RNU:!E#2M?^__JU[\"UEPK)>A>WWG6]:45I4O=X&#1&C/$
MEG"NBT6J8B<[5Y<Z-JE(;:L9=QK8SX(VM*(=;88:^X3#9C:Q3!-C416JU5%5
MEK.VC.DTZ]A2M=K6KFJ18F%+.EG2`C>XPATN<3]DVM>Q]K:,52UD-8LOYZ;V
M7LVU;%PK&DVX3E6VAATB;_V(VN*"-[SB'2]YG9/7&)9UE<_M[7</R-`';M<H
M`J0<;:5;S.RN+K9+;:];M5O>_P(XP`(>L&W."P3^JG>8R0VE.%-HUINN:;70
M+:9^':A<:.97PCWC+T*/2^`/@SC$(AYQ83S+U+PF>+T+9BY;/7S?Q[+2F;DU
M9WUE_,/_.+Y2QF_C,(E[[.,?`SG(4C'Q<E$LR0&R^,$&QNUK8?MB'6O8PS6V
ML6)36V$8YK.W0MXRE[OLY2^CA,C::FV4DQQ;;"X9I4V.\).=6>4$7OF$2G9/
M=EO963*#.<]ZWC.?^_P0,:M8M2DN\H1;7&@5IGFSHV-S?'-#WQG+T]%HDBPR
MCYQ1,_LYTYK>-*<[/0Y`*UC0ED;SH5WJ8A^",E>,CC'$'LW.%+=ZTM5MVJB1
MG&A/XSK7NMXUKVL!:KT*JM:73C2/<>M?I2X:T],U[91_"U-#7WBVIZY<XW[=
MZVMC.]O:WK:IE%U`/#?ZUF>V=:D13>RIX:V[K_Z27&%L9156_]O;W)XWO>MM
M[WO'3MXZP*BP2>WL#A_[Q-,>]YR7:=UUTSBR[IYSP/D5;W'C.^(2GSC%*_X#
M:YL[X=$V>+F-/7#??ISAR89XN`>;8U2V>]"LGG;(KVSQE\,\YC*?^8'U34=7
M%]O4#>_OCI5=4YNWN>$G/W3*^_WD]*4ZYS1?.M.;[O278_R]$U[UPSM.\/YM
M'.`>WSF%RVSRZ\JMZ%F7]K_OYF^2/SWM:E\[VST==61SG>I87S':R;[5<@VR
MV<X=NC#%#E75M5SD5F\[X0MO^,.#^>T@C[M]JUYV0@(]NH/'.YGU_EN^!]'O
MV-U3X.T^>,2#/O2B'_UX%>]4ZD)9X/^/U_D4'5SRA*H;TA<%NT2INOG:;\S)
MI-\][WOO^^&:GN>0M[/J.Z]HKA/Z?<*./<+?:GFKWM[V&P;WLH/_^^MC/_O:
MKY_UH;U2&W^^T4F/_/#![]]("PZO^ZUUV(WN>48B.&;NWS[]ZV__^]^P^^5'
M/?@)/?ZZIU/_!>!`Q5H]#0_[2<S\!1W\49_D$8D"XE\$2N`$4J#NZ!_K[1_Q
MA9KQ"5[#F!_T35_ZU=;Z95W[C9T#RE;\.1D$5F`+NN`+PJ#77.#^>=\B+=?_
M(5^6*=&:Z9ZQ0<WIR1T&2IT"!9H`QN`1(F$2*F')S"!F9:`-CMGJ&=J^45G&
MP==T_6!_J9S_Y_%@#R:?FRUA&(KA&))ALS0A&PVAZP7:,EW<"D5A$*)A\<"=
M%+9>XY';J91A'NKA'O+AHYPA2Z7AINA4#I93&V(9L-EAAE'+'')@*GGA':IA
M'TKB)%)B)8K('SY.(,I9J+&A#VSB&R9B'"[BXM&A0(5B\0FB):KB*K)B*^('
M`+IB+,KB+-)B+7H"+-IB+NKB+O)B+]H!+OIB,`KC,!)C,3)/*1IC,BKC,C)C
M,U(A,CIC-$KC-%)C-0J/-6)C-FKC-G+C@W7C-X)C.(IC+P+C.)KC.:)C.AH>
M)JIC.[KC.\+CC[%C/-)C/=KC/0+7/.+C/O)C/_KC1^GC/PKD0!)D_T%V4D`:
M9$(JY$(R)`TA9$-"9$1*Y$3BSD-2Y$5B9$9J)-=8Y$9ZY$>"9$BR2T>*9$F:
MY$FBY*209$JR9$NZY$MF#_G!Y$S29$W:I$K*Y$WJY$[R9$_&9#GZ9%`*Y5`2
MY7VL9%$B95(JY5)BQE$RY5-"951*)5\XY51:Y55B959Z155J95=ZY5>")5!P
M95B295F:Y5F2Q%BBY5JR95NZI4&HY5O*Y5S295VJ0US:95[JY5[RI2?E9%\"
M9F`*YF#*`UX2YF$B9F(JYB48YF(ZYF-"9F3J06-*9F5:YF5BYA909F9R9F=Z
MYF>B5_B!YFB29FF:IO,`Y6FJYFJR9FN.5/]JNF9LRN9LTF;5U>9MXF9NZJ80
M;.9N^N9O`N=9]F9P$F=Q&B=4#N=Q*N=R,N=-*MX'_B6&->=T4F=U4N-S0J=H
M7J-U<F=W>J<O8EQV-B"<Y9MV\@-LFF*Q*=W60>.8?6$C'D^WQ=MWTF=]YF5X
MBN<7F><XH><Y]&?/J>=X:B)\RLI[$J)#'2AR)&@AVF>#.NA:XF=^`N-_UD!T
MM@.%.A[=[6<-MN=S&>B0+"A_A&CX/&B)FNA78J>$CN@4EB>&?H,*ZL\G`MP6
MDF(D6F&"RNC9'>+I?1O::=F)`FF0BF2*2JAMMNB&U@.,6N@"LN#[->F,VJC4
M=>&3#J@`\>@.I%O_<@KIEG*I+;KHE)X@#!CFCQ:F@+X>@<;9*3JIE6[@#H*B
MBT6ICBX'C58?A:[G>G9IGNJI07[IC3YBA2XIEFKI*'P7E8(I'`K>%1JH&THI
M(]+IE#)IB")JAJZHUU7JGF)JIA9DGU8IGI;4W`RJ*!1JF"83'CZAHKZIFQ8A
M(<8I)&+(HR8JD@+AI4J>IMKJK8(DIPZBKHK?D7:H/<#JFJ)IK'(6^F'>K[:I
MD:D?"/JHF4(IK?*@G`XKKE)KM88CK[ZG(<IJ$9`I.P3K\<%B,^$>[7VIH7:@
M\/F@(^HGJ?Z1O'VKM<)KO*(CMNXJM/J?K]+K)DC.I`Y@MQX?A]8JBSZC__*P
MZ]$)$0Z*J9JJ:\%RZ+;*Z\-"+#/FZ[U60Z`.;*B&DTSR*WO^Y=_A&-P`TV&Q
MX++:*V4!J+,Z*@=N;,2R;,MRX\2FJK8B*W^B;"_LJ\)R;+A&GX4YG\/"W:H>
M7-#.K+0E[+LFJTGAK,LJ[=)*(\RNJLQ.*V^::S"4#9O6:<VF*\`RG%+=W-TE
M[68Y%<+.W=>6*MFFJ=,R;=JJ;02B+2)&;:.J@=$"0]4NG,YYJL%J+=EQK1&)
M&IV2K-BVJ]QV*C2BZMH:[N&2H\4:Z>#^&_/Q6U/1J*D"+;L5D>""Z]L>K`XR
M;*0R&,J]4I-U;:6N+-AN)^!JKN76Z%@5+N*R;O_KQJ)%!EO=7MVI=MS(?8SD
M'JW&V6[-HB[%2JON_JF_[:W#^6GH+FKCCB#'<9S9HB+!6JWK0F_T]B'LIM7S
M_JL6UB[D0B#NNFWE5>[4$FN/.JSU"FO'4FXT@2[?!M[HXBU;*>_"!B_\;N[5
M^JOTVN_]7A_U-ABC!FS.SI\&^J_L6BJ;IE[#QN_[EFU"X%PVW6VJ;FO]6NKD
MDNSE/3#6.A87FN+K;="9MBW^>O`'VYO^EEJ.GFL`>VPJVNWJ$BN_%C#M'K#\
MRFFX96'0$94%MV_1.B_S=HRX>6H;V7"&C>HUO#`($W$1TY\(KQX)8[`)[^R.
M7BX1GFV_M7`*#[$.QO#_RN5@$_VPJY:L#+<3,0EP]9'HL/DLJRUQSVEP%')P
M&1MQ&[LQS"$QL\T:"1ZK%I^@N(J@'1KK`>;Q'G_=QT)P<R6P'9];V_JKG7H*
M(+,J'_,P^$9KZ$9M(+_Q)%/RO<4QX]49`<ZQ?$DQ`O;QD?FQ;GUR".X=%#6P
M(-<K`[&7XOI6)P)JW_+L(C-K!<\O*EYL)&-L)>OR+H?5)6O=$XIQ!`]PO]+Q
MO\#:)@<<I6F6,FLRF:HP,;_;('=Q*I_N-`.SG]+9"*-P-9/O*(GOT&XM+XOS
M.+.=+]?@.?=O.B<J,3?S;AF=,J-SG<:S.@<S&<OMA:VRT_[H*=?SSWICRM;R
M_ZQV,T)],RZS,CDC=$)OF3E?LQ"><0D[(#N?GRF'*3PW=$1?-$0+LSV#+SYK
M*%DULB33,[I*9^HZLD2SKS<+:K,>M$*[]$N'&$,[]-;U<S@[X>S2]#IG](O!
M+4;/M-X2-!>'<9DI8KV&IH;V9PXWGRSS;_,^\R^K+S@C%DQ3=57/FTSWZSQ?
M+Q;28$[O-!;S7\IP'KDJ7";O7#ZWZIL!(KD=M;L&M._>:"8"=`^#8;9"LC7;
MDE7K]5[O&E9[=5:KL\H5H.<:\PB&RU@_W_>A&TGME7@&8%$+'-0B->;6-$.)
MHD`/=?H>DUU'-65W,%^#=FB#E%_C]$8_M&!+&O"NT?\$[RZ<DO4R+[8)+IEC
M9ZU<2[-DN[5(/[1EK[5),Z]*;[8#4[9[C:UH&_=Q>QEIF_9?;_4:0]MCM[)-
M:S5/H]HP?S58GS720B=T][91>^)):_3)$JXZ[2_W4G/F2O`MXW5)(W=[N[>(
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MH2(CKZKQ]ZSY.PU?-P(+_+>C=QT&.*';;<F7>?5Z%J`_O,U%/,73?,WCC\7[
M.B<?<O86MG[751*#?)J[N[@'+H[J^M.^R,R_GX$[N;43;;?;.80S?4@'NLU;
M_=4+5;M;L<""^[\G<(UG^W4CMNSUW<]G7HRZO--W+\H'^'=[K\(7G+I_O99C
ML\HSV:#?.=;K_=YC#LX#':.7,;_WO-`>]L<G=G:+-8!;;.RJ_6NQ?6Z_?-YE
M)RKS]MPO7NZJ]_+F/=]S?N>/C=\+?FOO.\^+>IP3_N@#_?_A`_?0$S@.;_X3
MU[EX[V>+WZ'LP_;&0[F,EWK5QWV.O[[G`W_P"PWHZ[XE_1RO/Q.DH[F&CSVL
MGWWBRW:RFVS10_[O.RG&6_\0VGY8&[OESRKFW[7F#[?PDW_Y*PSQIS[J%S[R
M:Y?RS_J:4_>G6O=SC_2)[WJ>]^[T4ZK**CT!P,?4Q?!W3$Z:X(7U7#UY![<L
M;+"'9,P394.S1=45IFO[QG-]YWO_!P:%0V+1>$0FE4MFT_F$1J53:M5ZQ6:U
M6V[7^P6'Q6-RV7Q&I]5K=MO]AL?E<WK=?L?G]<,7O>_ZJY`)2)'Q,`3Y.%0!
M5%Q@)!DLA-20E*",#%3`K-3<`^#_U/$,&ISA*274PG"R[%S-=-P)%7S%:8T:
M[2G]Y.WU_04.%AXF+C8^1DY67F9N=GZ&CI:>IJZVOL;.UM[F[O;>RVT+OQRW
M0-P\?TRG-9TL-X^%CV?/O:6PEQ^)&9]=G-?K=^.=+%0_"JKZ9P0?N5J)&A)\
MZ$J?P'5/!E*L^$WC1HX=/7X$&5+D2)(E39Y$F5+E2I8M7;Z$&5/F3)IQ+IZY
M*0+5SHGH`H+B&325OX,[Z?64&+$$)44'[^4$JE3GP(4`H39"2HJG**%#JTA%
MDI`AU8RVG!*-D*,JJZRZUM:$&U?N7+IU[=[%FU?O7KY]_?X%'%CP8,*%#9\"
MR^9JUZUC_Q,S-OJT<62T:;$^/M=TU]%VG"VK^SDU\9W0-*[6",I5*);11<2Z
M:QWU=`?*E57/%O):[=O#O7W_!AY<^'#BQ8T?1YY<^7+FS9T_A_X%-YC%D#?#
M%FO]NN/-M;%_IEW60"O-O,=#_6E>=FP_TR6W-=C8[.HK['/#YXY?M&X8WK_?
MMN\(_C`J+3H##T0P00479+!!!Q^$,$())Z2P0@LO#,,]+ZK3CC_U.FP-Q`'7
M\^JR[$0,4;VEP/N.J;-\*;`%#6%!<98:59RO,R5&]`E%K6J,+\:P]-LM0`R/
M1#)))9=DLDDGGX0R2BFGI+)**WV;D0L.??1,QQY%[-(ZAXALD?_%%6\,TTRB
MDB+OQ5Z$W(='`F^<ATXX;3`R2#79[/!'+MVZTS4RY_3R2D,/131111=EM%%'
M'X4T4DDGI;2F++?8$LPT^=0N3<;&+/0]S.STE,82RZS%/UX"!3540.W,"M8\
M39-3SU-;!=%/35^=E8]!\;RT4F&');988X]%-EEEEV6V66>?A2G8+&K-Y]/+
MXA0SO%VU=554;+N2\=9&PNWTF#V+_#5'65-95SQ>Q1VR6U&M%317'W#<$=Y[
MTX6V7W__!3A@@0<FN&"##T8XX2.E98W?+^GE5E]459TX-1-IE;=:B_=![=S*
MZ#/&8T(E1JQ==DWNE=R,[UNYXNU\M??_78<%)!DBD17&.6>==^:Y9Y]_!CIH
MH8<F6F8)64WC9BI;AD)(:D.B>`FDBZ:Z:JNOQCIKK;?FNFNOORZ:8>"FQJGF
MI966PNF9H7:S";+!ACMNN>>FNVZ[[\8[;[WWYD;LW]XN`VTIF;;HIJ=!BCK?
ME/EFO''''X<\<LDGI[QRRX7V&\O,+^>\<\\_!SUTT4<GO7333T<=FLT/`SQU
MUU^'/7;99Z>]=MMOQSUWGP]?CG?=?P<^>.&')[YXXX]'/GGE^UZ;.=^7ASYZ
MZ:>GOGKKK\<^>^U)?QZY[K<'/WSQQR>_?///1S]]]9O[WKCVUX<_?OGGI[]^
M^^_'/W_]IWB?_[C^]P=@``4X0`(6T(`'1&`"(_<_X3!0@0^$8`0E.$$*5M""
M%\1@@APXMN9ET(,?!&$(13A"$I;0A"=\4P>5LT$4MM"%+X1A#&4X0QK6L(`L
MU!SA;+A#'O;0AS\$8A"%.$3*X;`W1B1B$I6X1"8VT8E/A&(4([0Z*5;1BE?$
M8A:UN$4N=I%S5/1B&,4X1C*6T8QG1&,:SX9$-;;1C6^$8QSE.$<ZUM$C8+1C
M'O6X1S[VT8]_!&0@=24X01;2D(=$9"(5N4A&9A&/C81D)"4Y24I6TI*7A-XC
M,;E)3G;2DY\$92A%B;G%C=*4IT1E*E6Y2E:V\DF:=&4L93E+6M;2EO^WQ.5&
M8)E+7O;2E[\$9C"%.<RFE9*8QT1F,I6Y3&8V\Y>[=&8TI3E-:E;3FM?4(C2Q
MN4UN=M.;WP1G.`>H37&6TYSG1&<ZU;E.UY&3G>^$9SSE.4]ZUC-G[K1G/O6Y
M3W[VTY__O!`^`3I0@A;4H`=%:$)G(E"%-M2A#X5H1"4ZT3PPE*(7Q6A&-;I1
MCG94783T:$A%.E*2EM2D(;7H256Z4I:VU*4OS65*83I3FM;4IC?%:1]EFE.>
M]M2G/P5J4'^X4Z$6U:A'16I2E9H_HB[5J4^%:E2E.M7;-96J5\5J5K6Z5:Y^
MS:I=!6M8Q3I6LI;56%\U:UK5NE:VMM6M#$+_:\3:)9C6N8)_:<&70_)1+W=5
MZT<E`\U=.:%#FY@M$V]%;&(5NUC&5B.NG((57?%(V""=IZ[FV"L1VH:=OT(D
ML&E;!V7?`-).--:TIT5M:E4KA\=Z"DV!N:QD!&M9L8&'C22RCS%EZUF?"%83
MHG4#:6FQ6N(6U[C'12Y;;FNKN<*6BLO]6%[GM5D`179?P-W/RV@6L\HB!+NX
MA5ARQ3M>\I97M:V=KJPDJUMO%0YD(]-NR=9EJX_&EZ_E`L)W629<C877O/\%
M<(`%S%7T1A=(Z\U<;$W%7;EF2V;J11=E7PNS"<.7O]<E&YT&O&$.=]C#0BUP
M?C2,8/:"!KIG8C!D_\&%89-5U[`/P^]^#UQ?_49X<2/^<(YUO&,>H[3$4FLQ
MB3>H8!/U:<$.EF^0Z]N?&<OX3Q9^,86G@^,>5]G*5\;R/T.,JNA(5\5)4-6'
MJ`O>"S_X?5ZFK5+0S((QF_G'';-O@]^;93K7V<YW-N>63?SFOZS9P&!NFYCC
M3.8H.SE8:UZ(GX\,W8TIU\\IQG.D)3UI2@]3SS"N<3?8V&@FRT<A`7H+C@8-
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M^N7F_/!+!=R#IGV"R?[WZLOXU\]?^)(U-O*:/=?(_\:_VX.[G'LW]3/``T3`
M!&P6]IN^T1.7]X/`^ML\^A.\P*..!OP8W]*\R(,Q_N.3\?.]X,-`8!E`V9,Z
M!43!%%3!%5P2!J2R+^DZDFFRTB,_3MDX`+S`]I-``1RW$Y&PT"K`WA._T-M`
M$<RZ;6'!)%3")61""W'!_PJ#0>"SONXSPAKTOL][L!P<09=SKQ[$C\.QAPJ,
M02H400W$.R1LPC14PS5D0^\)0"FS+MB(098C/NH;PCD<NBR4CC>,O"(<&759
M$SML!S$L/.,K0]`JP3XDPS9DQ$9TQ$>TBR><P<SZ/I5+Q$)\P?\0,1S4DDNT
M0,Y3H>@KMR>KO.L@1`>T`J3)1$ADQ59TQ5<<"4DD14J<0!4[0>C[/]O81/K+
M/4_D->'SP+W[PN:910I,E2`LQ%3<.BB$Q69TQF>$QFB0Q5S4PU_TQ<LC%5WD
MPLSK13X$+U#$-E'D/^P3PMF[1ESS0_`3K@B<O&ATQW>$QW@$1V`TNFSD1&OD
M.O^4>0U^D#]OA*_[:T<L%,90`4,T-,;CHS%Z)$&["[9SE,>'A,B(E$@@"\B$
M-$ARPT3_TT>/X<?GV[UR3,<,[,)P[$C^*D:/VY3B4TB0%,1SN<6)A,F8E,F9
M1#4SB,.$BS)R',B;G$*11,GZ\,://`K]:R\>5#.'#(^6]#JDY,9XV4*:A,JH
ME$J(G$:=',>,#$J4^;-=_$EEU,&5-$JB#$2CK!.F'"ZR[)Z7I+&RV\&I=,NW
MA,M'E$2*M$I%?,IQK)4Q$SFA9#>`#,G!PTM7.3="JD@I',._7$O%*<RX9,S&
M=,S6FTO%7$1+1,R=S!.][,?%/+W*C,+L2YDV&\R<O,O_:K1,L+Q*R6S+QU3-
MU63-U8M,MC1$!TS-PR0<S/1(JU++/?-*8ARUT#25#9F1W%S(T>2]UC3.XT1.
M!'Q-G&P+53Q%7D1+"$M,7#!++D-$W+"8V!3(:_&NM*S.X?3'/$S.\23/\E2]
MY2S%>EA&9/1+PMK(=.3+K4Q/XCS,P/P`[12W_.M.DHS/X:-+^C3/`!70`;4S
M]"1"@D2/R6RXM7E/C!S)VQ1.D#3)C=S,(PQ//)10SE1*#95-`O70#P51:C-0
M=1P5.:E+Z*1-9K3,>1PR]ES0@M3'"A7$ANF\[\Q0#E6Y$-71'>71.QO1*M27
M.SE1T@R\53Q-1\O,_D3%#551_Q>EO-WD3Z"+T`[MT2JUTBOEL!^%LEK$Q@OU
M2:P\R1EU&QM%1QKUG?>T+313TBLL31S%Q/_T4BR5TSFE4Z?24O#\%2%54*1;
M1PHM/B0UHBEER3;E22?M0S.-TCC-4=34S#IUU$>%5)>ZTW+$T"Y=TV^$P^?<
MQGJ$4#)52?@T1W9D2#[34X<4U#<-R^B<S4AEU59U59::U)VL5%L\U>*<3T.U
MU1=MT5H-3`"AU46=U7\LTBV]SO7L4T]]U615UF7=J%@-QDJ435[E2N;\SO[$
MU5]%U#,+U8:\1"(K5>Z[5'2TT&,-5V8UUW-%UWERUF1DUUS%U)&$4].LNY>T
MPGA=U?_RHU(N)5'#5$HS--'0-,UT%=B!)5AU5=1#1%AKM$'Q'--[O<&$@\W_
MJ5=&==C-+!5HG<Z'^U1_Y9=`D=:"!=F0%=EM6M=/--DO?5(DM=>B<TJ&F=B(
MK=B>S%>-)5(VQ=.8O5A]1<B1Y=F>]5EZ*EE\O!G;%,6`[<0WA*4ZM%0W;=-6
M:SGIZ]38.,&/S5E^E;V?Q=JLU5IT"MHNQ=:)T<840MH+55I:Q=EVA5FT@=I=
ME;Q#0U95)5<BH=JMI=NZM=MJ.]B-)='F$KJYY5@`--H&)4![I%:G59N7T52S
MM8S$?5B.=4_"O=O(E=S)Y:6N5=S7ZMNWQ90D_4KIM$O(!5S_IK5.LQ57'-T8
MQF58%F50T*7<UG7=US4ERZ5#S#4XORW6':Q5P35!(R5"PS6<%T%=RES<:T59
MU7U<WH7=Y%7>Y6TD!FQ/\AO$U<U;U0W=Y_5<0F-=HP%'^\3/3WU9C&W8#`M3
MYB7?\C5?G9K>/\S4$%P*6@3?.MA+S?U<*$33YZ7.'QS?O>U>,77<"YO$\P7@
M`!9@-ZHYR[+71C5@D<`XK:S0_,6Z^^VW^:/8[VV5S<VT.QS@#-;@#=ZB`HZ*
M`P;0<5'@$"[=V(O1^X)@P,/@]:7@B+%@T5MA#I;A&:;A(?+@LYU?T=666"3A
MP;W($_;+%+Y1^1V^X.U,1`52#Z[A_R5FXB:^'B5VXBB6XBFF8@>!XBK&XBS6
MXBWF(`3FXB\&XS`6X[])WS$VXS-&XS2NBRM6XS9VXS>&XXPKXSBFXSJVXSMV
M!C;&XSWFXS[VXVF9XS\6Y$$FY$(^VAXVY$16Y$5FY/#%X4:&Y$B6Y$GN.DJV
MY$O&Y$S.5$WFY$[VY$_V#%`6Y5$F94O6XU)&Y516Y9$]Y55VY5>&95=MY5BF
MY5JVY1V=Y5O6Y5WF9>/,Y5X&YF`69IK\Y6$VYF-&YF<LYF1FYF9VYC1<YF>6
MYFFFYO2+YFK&YFS69L2[YFWVYF\&9XKKYG`FYW(VYUD;YW-6YW5FYRI+YW:&
MYWB6Y_)ZY_]YMN=[QF?&JN=\YN=^]N>PVN=_%NB!)FBE"NB"1NB$5NB:.NB%
M=NB'AFB/:NB(INB*MNB$FNB+UNB-YFB@#>2.!NF0%NEF_>B1-NF31FF#RNB4
M9NF6=NE;6NF7ENF9IFE1BNF:QNF<UNGF+>F=]NF?!NI:NNF@)NJB-FHS&NJC
M5NJE9NHH2NJFANJHEFH>>NJIMNJKQNH1JNJLYNJN]FH%VNJO%NNQ)NOZ">NR
M1NNT5FNWZ^FU=NNWAFL).NNXINNZMNO9F>N[UNN]YFO/R>N^!NS`%FR]^>O!
M-NS#1FRM*>S$9NS&=NR=6>S'ENS)INQ^B>S*QNS,UFQ*N>S-]NS_SP;M*NGL
MT";MTC9M)VSKTU;MU69M9AGMUH;MV);MX'CMV;;MV\;MO:CMW.;MWO;M:$GM
MWQ;NX2;NY]CMXD;NY%9NQPKNY7;NYX;NO#CNZ*;NZK9N^&WNZ];N[>;N.\KN
M[@;O\!;O:9CN\3;O\T9O^TWO]6;O]CZ)\G;O^);O^=X_^K;O^\;O9H#O_.;O
M_K;N_?;O`!=PY`;P`3?P`\?M`D?P!6=PU5;P!H?P"-?L!Y?P"K=PQJ;P"]?P
M#>?K#.?P#P=QM_;P$"?Q$O?J$3?Q%%=QJ$;Q%7?Q%P?J%H?Q&:=QF9;Q&L?Q
M'!?I&]?Q'O=QBN;Q'Q?R(2?H("?R(T=R_WLV\B1G\B8WYR5W\BB7<FR&\BFW
M\BM'YBK'\BWG<EW6\BX'\S!7Y2\7\S(W\TXF\S-7\S6/Y#1G\S>'\T%V\SBG
M\SJOXSFW\SS7\S/&\SWW\S_/XCX']$$G]"46]$)']$07X$-7]$9W].1E]$>7
M]$FWVTBG]$O'=)ZU]$SG]$Y'UTWW]%`7=58%]5$W]5._TE)']55G=0]5]5:'
M]5A'SE>7]5JW=<:D]5O7]5V?R5SG]5\']GCT]6`G]F)_Q6$W]F17=C9$]F5W
M]F=?P6:']FFG=FO^[FK']FR/5&G7]F[W]K;C]F\7]W&?N7`G]W-']WHS]W1G
M]W:OM75W]WB7=_\\@_=YM_=[[[%ZQ_=]Y_<!T_=^!_B`3ZY_%_B"-_C3(OB#
M5_B%;ZN$9_B'AWB`OO:(I_B*9SV'M_B,UWBDPOB-]_B/YZF.!_F1)WE)G?B2
M1_F4CS:15_F6=_F+\N*7E_F9K[28I_F;Q_F<U_F=Y_F>]_F?!_J@%_JA)_JB
M-_JC1_JD5_JE9_JF=_JGA_JHE_JII_JJM_JKQ_JLU_JMY_JN]_JO!_NP%_NQ
M)_NR-_NS1_NT5_NU9_NV=_NWA_NXE_NYI_NZM_N[Q_N\U_N]Y_N^]_N_!_S`
M%_S!)_S"-_S#1_S$5_S%9_S&=_S'A_S(E_S)I_S*M_S+Q_S,U_S-Y_S_SO?\
MSP?]T!?]T2?]TC?]TT?]U%?]U6?]UG?]UX?]V)?]V:?]VK?]V\?]W-?]W>?]
MWO?]WP?^X!?^X2?^XC?^XT?^Y%?^Y6?^YG?^YX?^Z)?^Z:?^ZK?^Z\?^[-?^
M[>?^[O?^[P?_\!?_\2?_\C?_\T?_]%?_]6?_]G?_]X?_^)?_^:?_^K?_^\?_
M_-?__>=_`H"/J<OM#Z.<M-J+L]Z\^P^&XDB6YHFFZLJV[@O'\DS7]HWG^L[W
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DR)$D2YH\B3*ERI4L6[I\"3.FS)DT:]J\B3.GSIT\>PXJ```[
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>8
<FILENAME>rttickmarkx1x1.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 rttickmarkx1x1.jpg
M_]C_X``02D9)1@`!`0```0`!``#_VP!#``$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0'_
MVP!#`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0'_P``1"``Z`#,#`2(``A$!`Q$!_\0`
M'P```04!`0$!`0$```````````$"`P0%!@<("0H+_\0`M1```@$#`P($`P4%
M!`0```%]`0(#``01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T?`D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$!
M`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W``$"
M`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P#^_BBBB@`H
MHHH`*^0/VUOV]?V3O^"=OPLT#XU_MB_%;_A3_P`,O%'Q`TKX6Z%XF_X07XD_
M$#[=X[UOPYXK\6:9H7]C?"WP=XV\06WVGP_X)\3ZA_:=YI5OH\/]F?9;C4(K
MV]T^VN_K^OY`O^#U;_E%E\`_^S__`(6?^LZ_M54`?U^T444`%%%%`!1110`5
M_(%_P>K?\HLO@'_V?_\`"S_UG7]JJOZ_:_D"_P"#U;_E%E\`_P#L_P#^%G_K
M.O[55`']?M%%%`!1110`4444`%?R!?\`!ZM_RBR^`?\`V?\`_"S_`-9U_:JK
M^OVOY`O^#U;_`)19?`/_`+/_`/A9_P"LZ_M54`?U^T444`?R!?\`#9'_``>2
M?](G?V`/_#C>!O\`Z991_P`-D?\`!Y)_TB=_8`_\.-X&_P#IEE?U^T4`?R!?
M\-D?\'DG_2)W]@#_`,.-X&_^F64?\-D?\'DG_2)W]@#_`,.-X&_^F65_7[10
M!_(%_P`-D?\`!Y)_TB=_8`_\.-X&_P#IEE?G!_P5`^`__!U/_P`%9O@%X0_9
MS_:,_P""9G[,'@OP3X+^,&@?&O2]4^"GQF^"7ASQ5<>*O#G@OX@>!;'3]0OO
M'7[=GQ'TB7P_+I'Q'URXNK6WT.UU%]1M=*FAU6"V@O+.^_T'**`"BBB@#__9
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>9
<FILENAME>scanx1x1.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 scanx1x1.jpg
M_]C_X``02D9)1@`!`0```0`!``#_VP!#``$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0'_
MVP!#`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0'_P``1"``X`9$#`2(``A$!`Q$!_\0`
M'P```04!`0$!`0$```````````$"`P0%!@<("0H+_\0`M1```@$#`P($`P4%
M!`0```%]`0(#``01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T?`D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$!
M`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W``$"
M`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P#^MG0/^"@/
MC[Q[/XWO/A%_P3F_;?\`B_X)\%_&#XY?!2/XD^$_%7_!/3PYX5\6>*OV>OC+
MX[^`_P`1-0\,Z3\5_P!O;X<?$2+P_%\1/AQXJL=&NO%7@7POJ.J:=:VVJ#2H
M+:]MRW0?\-D?M%?](G?V_P#_`,.-_P`$LO\`Z991_P`$T_\`DW7XC?\`9_\`
M_P`%8O\`UZ;^V17W_0!\`?\`#9'[17_2)W]O_P#\.-_P2R_^F64?\-D?M%?]
M(G?V_P#_`,.-_P`$LO\`Z997W_10!\`?\-D?M%?](G?V_P#_`,.-_P`$LO\`
MZ991_P`-D?M%?](G?V__`/PXW_!++_Z997W_`$4`?`'_``V1^T5_TB=_;_\`
M_#C?\$LO_IEE'_#9'[17_2)W]O\`_P##C?\`!++_`.F65]_T4`?`'_#9'[17
M_2)W]O\`_P##C?\`!++_`.F64?\`#9'[17_2)W]O_P#\.-_P2R_^F65]_P!%
M`'P!_P`-D?M%?](G?V__`/PXW_!++_Z991_PV1^T5_TB=_;_`/\`PXW_``2R
M_P#IEE??]%`'P!_PV1^T5_TB=_;_`/\`PXW_``2R_P#IEE'_``V1^T5_TB=_
M;_\`_#C?\$LO_IEE??\`10!\`?\`#9'[17_2)W]O_P#\.-_P2R_^F64?\-D?
MM%?](G?V_P#_`,.-_P`$LO\`Z997O_[1/[4_[/W[)_A"W\<_M!_$_P`/?#;P
M_?W,]EI!U07^H:SK][;0BXN;/PYX:T.SU3Q'X@N;:%XY+N/1]*O39I-"]V84
MFC9OSW\)_P#!=_\`X)L>*O$4'AZ3XP>)/"PN[Q+*TUWQ9\-/&^F^'99993#!
M+/J5II&HMI5G(VQGOM:M]-L[.*03:A/:11SO""NNZ/HG_ALC]HK_`*1._M__
M`/AQO^"67_TRRC_ALC]HK_I$[^W_`/\`AQO^"67_`-,LK[D\-^)?#OC+P_HW
MBSPCKNC^*/"_B/3;/6?#_B+P_J5GK&AZWI.H0)<V.IZ5JFGS7%EJ%A>6\B36
MUW:SRP31.KQNRD&O`OVD_P!L7]FK]D30+/Q#^T+\6?#?P\AU5+E]"T>Z^W:O
MXL\1BT,:7)\/>#]`M-4\3:O#;RS6\-Y>V>ER:?I\ES;_`-H7=HDJN09XQ_PV
M1^T5_P!(G?V__P#PXW_!++_Z991_PV1^T5_TB=_;_P#_``XW_!++_P"F65X9
M\.O^"Y'_``3<^(OB:W\+)\;K[P1>7UTEGINI_$7P-XM\*>&;N9V8*]QXGGTN
MYT+0+4*ID>_\57V@V,:E5DN$F98C^M%C?6.J6-GJ>F7EKJ.FZC:V]]I^H6-Q
M#=V-]8W<*7%I>6=W;O)!=6MU!)'/;W$$CPS0NDD;LC*Q`NGL[GP5_P`-D?M%
M?](G?V__`/PXW_!++_Z991_PV1^T5_TB=_;_`/\`PXW_``2R_P#IEE?2/[0?
M[1WP7_97^'%W\6_CUXVA\`_#^RU72M#GUZ71/$OB)SJVMSM;Z98V^C>$=&U_
M7KR:X=)7;['I<Z6]O#/=W30VL$TR<1^S#^VI^S)^V5IWB_5?V;/BA!\2;/P'
M>Z1I_BTKX5\<>$KK1KG7H+ZYT<3:?X[\,^&+^X@U&+3-1^S7EG;7-F\EC=0F
M<3021J`>2_\`#9'[17_2)W]O_P#\.-_P2R_^F64?\-D?M%?](G?V_P#_`,.-
M_P`$LO\`Z997V-\3/B3X+^#OP^\8_%/XC:U_PCO@/P!X?U+Q3XMUW^SM6U?^
MR=!TBW>ZU&__`++T*PU/6;_[/;HTGV73-.O;R7&V"WE<A3\[_LQ_M\_LD?MD
M:IXKT3]F_P",%G\1=8\$V&G:KXETM_"7C_P;J%CIFJW$]I9W\%IX^\*>%I]5
ML_M5NUO=W&D)?Q:=/-91:@]J^H6`N0#@?^&R/VBO^D3O[?\`_P"'&_X)9?\`
MTRRC_ALC]HK_`*1._M__`/AQO^"67_TRRO>OVE?VJ_@)^R!X%TGXE_M%>//^
M%>>"=<\6V'@;2]:_X1?QGXM^U>*=3T?7M?LM+_LWP-X=\3:M!Y^D^&=;N_MM
MQ80Z=']B\B:[CN;FTAN/1/A3\5/`?QN^'7A#XL_"_7?^$G^'_CS1X=>\*:__
M`&7K.B_VKI-P\D<-W_97B'3M)UNQWO%(/(U+3;.Y7;EH5!4D"ZVOKV/D'_AL
MC]HK_I$[^W__`.'&_P""67_TRRC_`(;(_:*_Z1._M_\`_AQO^"67_P!,LK[3
M\?>.?"WPP\"^-/B7XYU3^P_!/P\\)>(_'/C#6OL6HZG_`&/X6\):/>:_X@U3
M^S='M-0U;4/[/TG3[N[^Q:787NHW?D^196ES<R10OX+^S#^VK^S+^V78>+]4
M_9M^)?\`PL>Q\!7FCV'BR?\`X0WX@>#_`.RKO7X=0N-)B\KQ[X5\+S7WVN'2
M[]_,TV.\B@\C;<O"\L*R`'DW_#9'[17_`$B=_;__`/#C?\$LO_IEE'_#9'[1
M7_2)W]O_`/\`#C?\$LO_`*997W_7Q9XG_P""AW['G@[]I.V_9#\2?%_^SOVB
M+SQ#X2\*V_P]_P"$`^*-YYFO>.M&T7Q#X5L/^$LL/!-UX'3^U=(\0Z/=_:I/
M$JV5C]L^SZC<6=U;W4$`!R?_``V1^T5_TB=_;_\`_#C?\$LO_IEE'_#9'[17
M_2)W]O\`_P##C?\`!++_`.F65K?M%?\`!2O]B?\`9/\`B'#\*OV@/C4/`'CV
MXT#3/%$6A-\.OBQXG5M"UBYO[33K]M6\&>!/$6B1BXN-,OD-O)J27<`@\RX@
MBCDB>3[9TC5M,U_2=,UW1+^TU71M:TZRU;2-4L)TN;'4M,U*VBO+"_L[B(M'
M<6EY:S17%O/&S)+#(DB$JP-`'PA_PV1^T5_TB=_;_P#_``XW_!++_P"F64?\
M-D?M%?\`2)W]O_\`\.-_P2R_^F65W'PX_;__`&1_BW^T!XM_9<^'OQ:_X2#X
M[>!=5\;Z)XJ\#?\`"!_$S2O[+U/X<:K/HGC.V_X2;6_!FF^#K[^QM4MI[7SM
M.\0WEOJ.SSM*EOK=DE;D_P!H7_@IQ^P]^RK\19_A-\>_C=_P@?Q`MM'TO7I]
M`_X5M\7?%&S2=:2633+O^U?!G@'Q%HC?:4@E/D)J37,.W%Q#$64$%=;W5N]R
MG_PV1^T5_P!(G?V__P#PXW_!++_Z991_PV1^T5_TB=_;_P#_``XW_!++_P"F
M65XU_P`/R/\`@EM_T=!_YA3]HC_YTE?:7[,_[7?[/'[8?A77_&W[.7Q"_P"%
MB^&/"_B#_A%M=U/_`(1/QQX1^PZ]_9UEJWV#[%XZ\->&-0N?^)?J%G<?:K.T
MN+/]]Y7VCSXY8D`NGLT_F>)?\-D?M%?](G?V_P#_`,.-_P`$LO\`Z991_P`-
MD?M%?](G?V__`/PXW_!++_Z997W_`$4#/@#_`(;(_:*_Z1._M_\`_AQO^"67
M_P!,LH_X;(_:*_Z1._M__P#AQO\`@EE_],LK[_HH`^`/^&R/VBO^D3O[?_\`
MX<;_`()9?_3+*/\`ALC]HK_I$[^W_P#^'&_X)9?_`$RROO\`HH`^`/\`ALC]
MHK_I$[^W_P#^'&_X)9?_`$RRC_ALC]HK_I$[^W__`.'&_P""67_TRROO^B@#
MX`_X;(_:*_Z1._M__P#AQO\`@EE_],LH_P"&R/VBO^D3O[?_`/X<;_@EE_\`
M3+*^_P"B@#X`_P"&R/VBO^D3O[?_`/X<;_@EE_\`3+*/^&R/VBO^D3O[?_\`
MX<;_`()9?_3+*^_Z*`/@#_ALC]HK_I$[^W__`.'&_P""67_TRRN@^$W[9^M^
M/?C[X<_9S^)7['_[3_[,?C;QI\'_`(J_&OP1JGQKUG]D?Q'X5\6>%?@OXT^"
M/@7X@:?I]]^S;^U7^T%J^F>(-,U?]H+X<W%K:^*-#T#3M4TZZU6:PU6>YTJ:
MS;[?KX`^(W_*4W]C?_LP#_@I9_ZT5_P2=H`^_P"BBB@#X`_X)I_\FZ_$;_L_
M_P#X*Q?^O3?VR*^_Z^`/^":?_)NOQ&_[/_\`^"L7_KTW]LBOO^@`HHHH`***
M*`"BBB@`HHHH`****`"BBB@#^(S_`(*X^)?"/B?_`(+(^'O"O[7.H>*M-_9@
M\'+\$](D;2'U-WB^%.L>&-&\2>+M2TNVTQ;C4HK.\\<ZIXIT[Q%>>'K5O$;Z
M=I=TND++JMCI@7];?$__``3T_P""0O[:WP/\0^"_V0;WX!Z3\4#X8OG^&WBW
MX;?$.\G\6>'/%%GI4KZ'-X[\,/KU_P")M5T2:6WC'B:S\5:!=ZM+I4E_J-C)
M;:TMMJ</H_[:/B7_`()3_MB?M)Z'^Q3^TI%K+?M-:%K^E^"?">LZ5X<\9^$/
M$NB:GXGT:T\5:1H5E\1K73%T#4]'UJQUBVN--TC7WUGP])JFJI-86,>L7$=S
M7P1\<O\`@VFTK2M,U;Q+^S/^TOK]GKNCQ7&J>'_#/QAT7362ZN;))+JRAN/B
M1X-.@_V'<)+%"!JJ^!+J&*3_`$AH[5$RH19W>BDGZ7Z:?\#]3]9_^"7G[(_Q
MO_8`_9^\=_"GX\_%+P7X]\):3XHU#QUX&NO"5QXHO;;P;H5WI*S^+M(>#7M!
MTRYMM..I:>?$%I9Z:+R%[_5=;N!;P7-S(UW_`#+?LG_"G6O^"U__``4A^)OC
M[X[ZYXBM/ACIFGZU\0_$.F:9=QVE_IOP_P!.UNUT#X:_"'P]>;KN+0HE75K3
M[??6T-Q-<V&D>*+Y;J/Q#JR:M7Z"?\$'OVK/V@/VEO"W[3'[)OQ6\:^(_B'X
M>TOX13ZMX`\8^,=0OM;U?P<WB!KGP7?>%[SQ-?#4-3O-'O5U6PU/0;"^DO'T
M>/1-8BTV-K.;[+;_`"Y_P;L>/M)^$W[:'QI^"7C]D\,^,?'OPZU'PYHUCJ<\
M$$LOC;X;>*H;O6/""#S2LNKMI<GB#4(XHC(CQ>'+Y4<N85E`NGRK9.^GILC]
M=OVM_P#@@Y^Q]X\^`WBG2?V9OA;;?"GXXZ#H+W7PXUZ'QUXWN]+U[6=-CCD@
M\.>-(_%>N^)+&ZL?$,<#V$FN-;0ZMIE_<PZHVH/:Q7MG>>\?\$@_V>?VP/V5
M?@-XG^!G[5,V@7ND^%O$MKJ'P:N=%\81>+FTSPQK5M=2>(/"AD6""73],T;6
MK6/5-)MI%>)3XCOH+5DM[5((?T*^/WQQ\`_LU_!OXA_'/XGWMS9>"?AMX<O/
M$6L+81VLVKZF\.R#3=`T&VOKS3K.\\0^(]5GLM"T"SN]0L+2ZU?4+.&ZO[*W
M>6ZA^:OV(/\`@H=\'/V]?!OQ&^('PK\'?%?P/X.^&6KV&A:WKWQ<T?P7X<T^
M_P!2NM*N-;OX=(N?#/CWQG$Z>'M+2QO=?EU1]*CLX-9TJ2!KM9;HV@59)^=O
MP5ORT/P>_P"#BSXR:W\3_B_^S%^P[X`4ZIK,U]8?$#6=+@G++J'CGXA:G/\`
M#WX7Z,Z*PCMK^QLO^$FN9!,DLKV?C#398S!&SBY\-_X)@2Z[_P`$Y?\`@KW\
M1?V.O&NJ2WGA[XA2ZS\'4U>YM7L(M5NVM;;XB?!;QC)9EP\%UXDTH6VCVUO$
MUW;0S>.YE5IH8DO8OS_U3]O;PKJ7_!4O7/V\?'W@;4_BEX1T;XMZQXP\&>";
M?6H?#UY/I'A+1[GPQ\%WDU.]TK5([.7PM:Z7X0UZX1=-W7.H:0Z`6[7#2)C?
MM^?M]:#^UG^U7X#_`&L?A-\-=;^"7CKPCH_@D7BW_BJR\5'4/%_P[\076K^%
M/%]M<6FAZ$]K>6EF=)TN:!Q-&\.@Z?)$8I#.90SNKN5];_>E9/[[_P!:G]OO
M_!3'_E'Y^V)_V;]\2/\`U'[NOX5?V'OBE\8/V+?&WPM_;O\`#&F7>H_"G2/B
MYJ/P1^(L5AB1=5TZ]\.:#XD\1>#=4294MH+GQ+X5U&[U?P9/+*RKXA\'3WTB
MPG283<?VF?M9?&#0/V@?^"1WQM^-OA?:NB?%']D'Q%XTM;42++)IDNN>"FO+
M_1;ET++]NT/47N]'U!`S>7?6-Q'N)3)_&;_@BS^S/X,_:]_X)G_MD?`'QNL<
M-AXW^,LD>BZX;=)[KPGXOTWX>^"M1\)^*[`$"03Z)KEM:7-Q##)"=2TPZAH\
M\GV+4;I'"VKM>C:];JWR/I?_`(.%_'7A3XG?\$X/V?/B+X%UJS\1>#?&_P"T
MC\+_`!3X8URPD66TU31-;^"7QQU#3[N)E)V^9;SH9(GVRP2AX)D26-T7]/O^
M"4W_`"CI_9$_[)!HW_I9J%?Q2?'+X\_$WP-^QSXA_P"":/QTL=3MO'_[-_[7
MVE>+/"`N9)KRWTGPM9>"OC%X<\;>&;>\D18WT2T\5^)=$\3>#[J)GAUC3/%^
MHW-GMT^TL]W]K?\`P2F_Y1T_LB?]D@T;_P!+-0H)B[S;\O\`(]3_`&]_^3%O
MVT?^S3?VC/\`U3_C&OP8_P"#8?\`Y$']K[_L;_@__P"F7Q_7[S_M[_\`)BW[
M:/\`V:;^T9_ZI_QC7X,?\&P__(@_M??]C?\`!_\`],OC^@OJO1_G$_J9K^+3
M]IK_`)62_#?_`&<'^R3_`.J:^#%?VEU_%I^TU_RLE^&_^S@_V2?_`%37P8H%
M+[/^)?J<;_P7O\&:M\1_^"G_`,-_AYH+VD>N>//A7\%/!FC27\K06,>K>*/'
M/C#0].>\F2.5X;1;R^A:XE2*5HX0[K&Y`4_J]_P09_:^U_Q#X$\:_L'?&Y[K
M1/C7^S%?:MIOAC1-?\JUUN?X>Z5J[Z/K'A66%G,UQJGPN\3F71KF,[OL_A_5
M-`M;;S(-*N9(_P`]/^"O?_*:S]E3_NU+_P!7-K-?17_!8/X.>./V(/VM?@U_
MP52_9\T^2WM;GQ;HVA_&[1M/=[/3[OQ+%8G3$FU=+2-A%H/Q9\$V^H>$?$ET
MT(AM_$%A::G+)/KGB>%Z!;-R\[/TLORW]+G@G_!./_E/]^UK_P!E3_;=_P#5
MJ:Y7CW_!:/3/!FM?\%?_`(>Z-\1Y=/A^'NK6/[-^F>/)M6U:30-*B\&7_B`6
MOBB74]=BO=-ET73X]#EOFO=6CU&PDTVV$MXE[:M")X^D_P""1WQ%T'XO_P#!
M:[XV_%GPL+M?#'Q1U;]JWXB^'!?PFVOAH/C;QG=^)='%Y;G)@NQI^IVXN(2<
MQ3;T/*US?_!:/P3I7Q+_`."O_P`/?AQKMQJ%IH?Q`L?V;_!.LW6DRVT&JVVE
M>*_$`T+4;C3)[RTO[2'4(;2_FDLI;JQO;:.Y6-Y[2YB5H7"8_`^OO+3YH_6;
M_AB[_@W-_P"AQ_9-_P#$]_%'_P!$97ZI?L4_`K]C;X(_"_5%_8AA\&2?"?QQ
MXFO/$-]K7@'XJ:Y\7O#.N>)M/M[;PY?SV?BK6?&?CB/SK&/28=,O+#3=5BMK
M:YM)%FM4O#.S?E;_`,0U?["W_15_VLO_``NO@_\`_.(K]?OV1?V5?A[^QA\#
MO#GP`^%VL^,]>\'>&-2\1ZK8:EX^U'1-4\337'B?6[S7K]+R\\.^'?"VE20P
MWE]+'9K#HUN\=LL:327$H:9PM)WUBEIT^7_!_K5_3%%%%!04444`%%%%`!11
M10`4444`%%%%`!7P!\1O^4IO[&__`&8!_P`%+/\`UHK_`().U]_U\`?$;_E*
M;^QO_P!F`?\`!2S_`-:*_P""3M`'W_1110!\`?\`!-/_`)-U^(W_`&?_`/\`
M!6+_`->F_MD5]_U\`?\`!-/_`)-U^(W_`&?_`/\`!6+_`->F_MD5]_T`%%%%
M`!1110`4444`%%%%`!1110`4444`?AA_P4]_X(WVG[:7CS2_VA/@=\0-.^$/
M[1%A::59:W?:X-7C\*>-U\.6\</A75KS5?#\-WK_`(5\5^'XK:QTZW\1:9I^
ML"?2+'3;9M,BN=,M[Q_SPUK_`()V?\%[/B3X>F^$/CS]K:PD^'6J68T;6[_6
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M`LK6MHC^/V[_`.".G_!7']IJ70O!7[5_[6=M)\+M$U*"\EC\9?&/Q_\`%J2&
M6WB-K'K&C>#%M(])UO7XK>::*WO?$.O:)=I%->9U)3<217/[KZA^PGJ/P0_X
M)W^//V-/V+M2T#PWXQ\2>"]8\,6GCOXEZSJND+J^M^.[BTT[XB>.?%&M^%O"
M_B74XM?O?#,^KQZ%'I?A^2#3I;;P_HMG)I6EZ?!=V?Z5T4`DEKU[O5GXK?\`
M!)'_`()9ZS^PGX&^+@^/$GPE^(7Q-^)?BK0C;W_@Z/5O%.@Z1X'\*Z5,-'LH
M=0\:^$?"^HVVJWVNZ]XDN-7M;/1ELY+6UT&1]1OIHQ;Z=[Y_P4M_8#T_]M+]
MECQ!\(/AMI_PY\%_$VT\5>$O&G@#Q%K^GOH?A^SUK1+^2QU6'6M2\->'=;UN
M"SO_``?K/B>PA-EI5\PU&YL6FA^SK*Z?I;10%E:W2UC\3_V</^"?_P"U3\-_
M^"7OQR_82^)_C3X-:WXU\2:'\4O#/P=\1^&_%/CO4/!NC>'OB'IRW\.E>*KK
M6/AQHVN::FG>--0\3:D\VC:'KJMIVK01PVRSVC1S^B?\$@OV"_B_^P!\%OB=
M\./C)XD^&WB77/&GQ1_X3;2KKX9ZQXGUG2K?2O\`A$_#^A?9]0G\4^#O!EW%
MJ'VO2KB3RK:QNK;[,\+_`&OS6>&/];**`MMY*WY?Y'\^?_!6O_@C3XN_;@^*
MG@_XY_L]^(_AAX&^(TVAGPQ\68?B/J'B71-'\766BQV\7@SQ%9WGA+P;XPO)
M?$NF6'VCPYJ?]HV4<-YH-EX;BM[NV.B-#>_K3^Q1\$O%?[-_[*7P*^!?CC4/
M#VJ^+?ACX$T_POK^H^%+O4K[PY=ZA:W%U+)-I%WJ^DZ%J=Q9LLZ!)+W2-/F+
M!@UNH`)^HZ*`LKWZL\0_::^&FN_&?]F[]H/X/>%[O2;#Q-\6/@A\5_AIX=OM
M?GO+70K+7?'?@/7_``OI%WK5UIUAJNH6VDVVH:K;S:E/8Z9J-Y#9I-):V%Y.
MJ6\G\G/@;_@@5_P5"^%\6HV_PT_:G^"7P\@UB2VFU>'P-\</VAO"46J2V:S)
M9RZC'H'P;T]+Z2U2XN$MGN5E:!9YEB*"5PW]FM%`-)VOT_X'^1_*7\'_`/@D
M)_P5M\%?%KX7>,O&7[;/A+7O"'A+XB^"?$WBO0X?VD?VE]4FUGPWH/B73-5U
MW28M,U7X9VFEZC+J.EVEU9QV.I75M87;S"WO+B&WDDD7ZE^,'_!)[]HKX@_\
M%;](_;VT;QG\%K;X/V'Q2^!OC>;PWJ?B+QS#\26TKX9^`/A_X5UZWBT>U^'-
M[X7;4+O4?"FHS:1$WC%+:>RFLI+R[L)Y)[>V_H/HH%RKST:?S7]?Y'X"_MV_
M\$K/VA/VG_\`@H7\%/VL_`/C'X-:1\.?AQ_PI/\`MS1?%_B'QO8>-KK_`(5O
M\0-0\5ZY_96G:+\._$&A3_:].NXX=)^V>)+'S[U7CO/L,`6Y;]H?CO\`!;P-
M^T5\'OB)\$/B3I_]I>"OB5X9O_#6LQ(L1NK,W`2?3=:TQYXYHK?6_#VK06&O
MZ%>/%)]AUG3;&\",T`!]9HH*[^?^27Z'\U/_``3!_P"",O[27[#O[7</QQ^(
MGQ#^!_BOP!8>#O'?A2T@\%ZYX\E\87;>(%M8-'OKC1-<^'FC:+9*8K7S=2MX
MO%5\;*23R;6;4E7SVF_X*:_\$?OVM/VO_P!L,?M(_`OXG?!7P)IMCX4\`:=H
M5QXL\:?$OPQXXT?Q+X,-S.FLV$O@_P"&7B:#3Y+6]>VN](U&SUU+^">!9Q':
MS1QD_P!*%%`N56MT?]?H?R;_`/#J+_@NC_TDH_\`-QOVP?\`YW-?K)_P2\_9
M0_;I_9A_X7C_`,-I_M*?\-#?\)Q_PK/_`(5K_P`7C^,'Q:_X1#_A&O\`A8'_
M``F7_)5_#GA__A'_`/A(/^$@\*_\@#[7_:O]B?\`$U\C^S=.\[]9**!**7?[
M_1?I_5E8HHHH*"BBB@`HHHH`****`"BBB@`HHHH`*^`/B-_RE-_8W_[,`_X*
M6?\`K17_``2=K[_KX`^(W_*4W]C?_LP#_@I9_P"M%?\`!)V@#[_HHHH`_*#X
M*^"?^"DG[->B?$GX:^!?V>/V(/BEX)U;]I_]LKXU^#O&_BS]NOX\_"OQ5J7A
M7]IG]KCXV_M)>'M/\3?#_1_^"<'Q8TCPUX@\-:1\6+/POK-KI?Q&\7:=<:CH
MUS?V.JO;7<4,/L'_``L;_@J;_P!&;_L`?^++/VBO_I3M%%`!_P`+&_X*F_\`
M1F_[`'_BRS]HK_Z4[1_PL;_@J;_T9O\`L`?^++/VBO\`Z4[110`?\+&_X*F_
M]&;_`+`'_BRS]HK_`.E.T?\`"QO^"IO_`$9O^P!_XLL_:*_^E.T44`'_``L;
M_@J;_P!&;_L`?^++/VBO_I3M'_"QO^"IO_1F_P"P!_XLL_:*_P#I3M%%`!_P
ML;_@J;_T9O\`L`?^++/VBO\`Z4[1_P`+&_X*F_\`1F_[`'_BRS]HK_Z4[110
M`?\`"QO^"IO_`$9O^P!_XLL_:*_^E.T?\+&_X*F_]&;_`+`'_BRS]HK_`.E.
MT44`'_"QO^"IO_1F_P"P!_XLL_:*_P#I3M'_``L;_@J;_P!&;_L`?^++/VBO
M_I3M%%`!_P`+&_X*F_\`1F_[`'_BRS]HK_Z4[1_PL;_@J;_T9O\`L`?^++/V
MBO\`Z4[110`?\+&_X*F_]&;_`+`'_BRS]HK_`.E.T?\`"QO^"IO_`$9O^P!_
MXLL_:*_^E.T44`'_``L;_@J;_P!&;_L`?^++/VBO_I3M'_"QO^"IO_1F_P"P
M!_XLL_:*_P#I3M%%`!_PL;_@J;_T9O\`L`?^++/VBO\`Z4[1_P`+&_X*F_\`
M1F_[`'_BRS]HK_Z4[110`?\`"QO^"IO_`$9O^P!_XLL_:*_^E.T?\+&_X*F_
M]&;_`+`'_BRS]HK_`.E.T44`'_"QO^"IO_1F_P"P!_XLL_:*_P#I3M'_``L;
M_@J;_P!&;_L`?^++/VBO_I3M%%`!_P`+&_X*F_\`1F_[`'_BRS]HK_Z4[1_P
ML;_@J;_T9O\`L`?^++/VBO\`Z4[110`?\+&_X*F_]&;_`+`'_BRS]HK_`.E.
MT?\`"QO^"IO_`$9O^P!_XLL_:*_^E.T44`'_``L;_@J;_P!&;_L`?^++/VBO
M_I3M'_"QO^"IO_1F_P"P!_XLL_:*_P#I3M%%`!_PL;_@J;_T9O\`L`?^++/V
MBO\`Z4[1_P`+&_X*F_\`1F_[`'_BRS]HK_Z4[110`?\`"QO^"IO_`$9O^P!_
MXLL_:*_^E.T?\+&_X*F_]&;_`+`'_BRS]HK_`.E.T44`'_"QO^"IO_1F_P"P
M!_XLL_:*_P#I3M'_``L;_@J;_P!&;_L`?^++/VBO_I3M%%`!_P`+&_X*F_\`
M1F_[`'_BRS]HK_Z4[1_PL;_@J;_T9O\`L`?^++/VBO\`Z4[110`?\+&_X*F_
M]&;_`+`'_BRS]HK_`.E.T?\`"QO^"IO_`$9O^P!_XLL_:*_^E.T44`'_``L;
M_@J;_P!&;_L`?^++/VBO_I3M'_"QO^"IO_1F_P"P!_XLL_:*_P#I3M%%`!_P
ML;_@J;_T9O\`L`?^++/VBO\`Z4[1_P`+&_X*F_\`1F_[`'_BRS]HK_Z4[110
M`?\`"QO^"IO_`$9O^P!_XLL_:*_^E.T?\+&_X*F_]&;_`+`'_BRS]HK_`.E.
MT44`'_"QO^"IO_1F_P"P!_XLL_:*_P#I3M<_\-_AO^VAX]_;0^%7[1G[1GPJ
M_9@^$'@GX0?LP?M0?!32]+^"G[4'Q6_:%\5>+/%7[0OQ6_8Y\=6.H:A8^.OV
M.?V9=(\+^'_"^D?LRZY;W5U;ZYXHU'5-1\4:5##I5E;65Y>.44`?H_1110!_
"_]D_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>10
<FILENAME>sig.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 sig.jpg
M_]C_X``02D9)1@`!`0```0`!``#_VP!#``$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0'_
MVP!#`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0'_P``1"``_`1,#`2(``A$!`Q$!_\0`
M'P```04!`0$!`0$```````````$"`P0%!@<("0H+_\0`M1```@$#`P($`P4%
M!`0```%]`0(#``01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T?`D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$!
M`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W``$"
M`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P#^_BBBOQ[_
M`."Q_C;Q!_PHWP7\$O"GC#Q5X"U+XQ^-Y4UKQ=X,OKG2M?T7PQ\/_`WCSXEV
M[VVK6.Z_TZWU;QYX-\#>&[YK01MJ%IKDFD3S&UU">)P#]A`0>A!Y(X]1U'U'
M>DR`<$C/'&>>>!^9X%?B9^SU_P`%-;C3)/@#\,?B)\&?B7+X)U2+]G;]GS4_
MVDC<>$+KPP/C]X]^"OP]\2QZ-XBT9?%C>/(8-8\8^*[/P1'K,7@P:=#XJOXQ
MJ-W:60N+B+ZQ_:H_:"^*W@3XW?!_X5_"2VM99KWP1\2_B_X_%Y965RNJ>%_A
M[IAU32_"5K/?6\XT^Z\77.DZQHPO+62SN;<RQS)?V+(DU`'<_MB?M37/[,FD
M_#!-!\$7/Q#\9?%CXB6/@;0/#UM=1V:V]L+*>]UC7[R>66W066EJ+&&:-KB,
MR/J$`193F-OIKX?^--!^(_@?PE\0/"UPUWX:\;^'M)\5^'[IX9[9[K1=>LH=
M2TNZ>WN4BN(&GLKF"5HYHXY%9R'17RH_-G]M[Q9X:O?'?[%_C8:C8ZAX;DUW
MXA:Q;W=O-!=Z?=Q26G@/R[FVNL&"01*TT<+JZ%M[F-F12Q^:;"]\0_'GX1_L
M%?LYZ!XP\5>`/#=A^Q+I?[4?C^V\/7]SX;U77[;X>^!O`.A^!_"5QXATSR/$
M6FVD'C7Q[X=\5W]CI6HZ*-7C\+KI6KW-_H5SJNBZB`?O917DGP$\2:IXO^"?
MPI\1Z]J<NM>(-4\`>%)O$6L3VMG8SZKXDCT6SM_$>HRV>G6]GI]L]YKD.H7!
MAL+2ULD$@%K;6\&R)/6Z`"BBB@`HHHH`****`"BBB@`HHHH`***9+]QN_0XP
M3G!!Q@<\T`/I,CU'YBN;U#4-6LHFEL=*M]3E.T0V;:C;Z9-EB0[--<K(@7`R
MN%W8XVX(QG2ZQXH7S3'X1)86ZR1_\3S3W,D\C,!;LHB+*F_9NF(Q&FYV'`4@
M';49'K7@6H?$+XUPZM;:?I_P(M=0L"T0OM3'Q<\*VDUDCL$,ATU])EGG09+`
M!HF8@!5!X$I\>_&A;B%+;X#0W5M-DO?1_%?PN(D*D_P?V89'_BR0N,C:"30!
M[QD'H<U!.RHH8M@C(`QG)../T_&OE;7/VC]2\/2RZ==>%?AY;^(4F\G_`(1K
M4_C_`/#W1]1;'(E5+^-'*R$D`/$K`H2>#QSM]^U3XVTY[6VO_P!FOXH:E)=,
MCPWW@6VU/XB>'F"O&0/^$C\+^%[O3!_'N;S-J[0=QR0H!]BL8XFY:.($@IN8
M`O,V,@9`R6SMP.I.`!G`MHV]0QP"1R!SCV^OK7P-X[^/7BN\/@_4]0^!7QNT
M.WTCXD>%29=/\-:QJDD^EW&LZ.][+?Z7!X4FU!K9K87">5`]I-%(AWS.AQ7I
M.H?M.ZH(&/ACX"_'/Q)=$N(X=0^&WC'PA"[`LH'VG6?#K1A"X"F7Y\@EE0@;
M2`?4S-`MYRP6>2&)5ZY94DD(48&.=S9R>!SCFGSE7*+L68HZOY>X##`@H_?[
MAYQCGL"<`_FYK7[8'QHL/B[X(\*ZA^QW\3K;3O$F@>(+Z'58->6^8W.A6UY?
MK9)I5OX6%R9Y$C4R-(TC1I-'Y4,;AGEU/&O[6/QAF\,K<^&?V=?B7H.HZM<6
MNA16VM^`O&FMS1S:C?C3I;VVN=+T[2H(GM(9O/@69+E'FB!V%4D1@#W'Q)X5
MTOX^WD\VM7LTG@CPU<RZ1ID-E&)+;5O%D:1W:^*+2[&%N=/T6>;2Q;&`-;#4
MM*OTGEF1-B]#\$I/%\'ARX\'^.9K23Q9X(UF\TF+5;>:V-[K>A26UC?V'B66
MT1IQ%;:FU[>:()%@CCEN-&FD1TDW0P?,VD_M!?$7P=IUA9'X-_$6QM=(MF2X
MTWP[^S;\<-?5H)I7NVM[,6NK74V_S9YI2\B7DC2R,3&(\0+Q$/[97BK3/CGI
MZ)^Q;^T-(GC3P/I]M?>/(_`OCC3'DA\-ZGXJU&2PG\.7?A.XN9#8PWJ7-O!#
M)%J227_V:Y9R((4`/U.MR[)NE/S%B0AVDI@;<94D-G!;(Q][H*L5\Y?#_P#:
M"T?QOKG]AV/P\^/&@(FU%N_'/P%^*'@S3O-F:5G4Z[XDT>PL)(XB,F8((BKJ
M`^>:^ATEW$@[1C.<$9'.!D`L!D<CDYQP:`)J***`/BS_`(*%^(?COX/_`&0_
MC+XR_9K\1:=X7^,7A/P['KWA?5M5T[3=5LD%CJ%HVHV\EGJ^B>(-/<S6+S,&
MFTV5D\K=$\+@2+^:?[9GQKTC]H#XP_L/?#SX;R6FL>*?VJ_@[I/CWX<Z4UO-
M<65OX2D\9?"7XL>*_&&J:K]DFCL-'M_AWH^O>%;:7]ZU_J?B_3[58;:&>2^M
MOU1_;D\0Z9X7_9*^/.L:O=6UI81_#[5K.6:ZD$4);4GM]/CC+$-S(USM&$<C
M.=I`(K\R?^">?[%L?[,?[1OP<MM5\7^*_$,O@G_@GAI'P[\.^$?&=YJ/B(?"
MMKG5_P!GO4?&/ACP;X@US4+V]MO"L.N:#96VC^'K6PTC3O#VGVEII5A:?9[=
M5`!B?&#0O#W@G]G+XIWL&CB%/`__``4[_9V\0P&RM;2-+"ST;]K'X27GAR2:
M/[3$C6>E>&H-+LG,4=Q,UI`4%M<DJK_;'Q%AU*[_`."B'[,6I26_VOPMXZ_9
MZ^)FB:F&5S:22Z7::SK!BD0K\J7$&OJC;S&64J@W$$)\W_M$P:3!X1^,/POU
MJVN[M_B?_P`%#?V6/#V@KIEM!>W"_P!J_$#X&^,M5U)H;B:(F/0]+;4M1N]L
MCR1V-C-+#$P1@WV?^TMXQTSX&^,?@)\4=6N[%/#?@RT\;^'M82[$4=T=/OM"
MT>R6\M)'!"-;[7EN%6:W41[=[2K\H`/R,_;KU[Q4W[''[&W@WX1>'8M5^(6L
M_&9OV?\`P%80PZ>ROJ^J6,&I+<@:B%-I:26FANLMU96MQ+%OA6)(S.K+]X?%
MN[\*?`KX\_$:_P!.TR/2](\"?L&^,/#W@ZSM(8V6STF+Q7\(O#>F:/8++)"C
M;M2NM%M;>W\U%9T@3(!"GDO`/A;2O%?P?_X)?_$'QKX5-IXGM_B1IOB!8+J0
MQW&B^,O%.DW4CW3PA98I)OLFDO;@H8PJ!6C8>8Y;$_X*":/J'Q!_;/\`V2/V
M>=&\10Z,G[0WASQGIOCF>RN9HO$.C>`OA=XI\!_&%]1M;2.-8[_3]3\7_#_P
MKX8OUDO[/R8/$#,8[M/W$H!^G?[+2S_\,T?L_37=E<:;?7OP6^&&I:E87847
M=IJNJ>"]%U#58;L(SJ+H:C<W3701W07#2B-O+V@>\5%`D<4,<44:Q11*(HHH
MT6-(XHSLCCCC0!4C1`JHJ@*J`<`"GEU'5@O./F^7GVSC/X9H`=17DWC3XY?"
M7X<^(?#GA7QU\0O#7AGQ%XPNTL?"VBZG>B+4-;NY2PB@T^!$D:=VVMP,8XW8
MW#/K"G*@Y!R`<CH<CJ,$C!ZC!/U-`"T444`%%%%`!1110`PN`X3!)P"2.B@D
M\D]!TSS3)9?+4$*[?.J'9&\A7<,[BB`L5'0D<`GGH:CN?NOD'_5C:`=I=\M\
MF[:^`>.0IVY+8->.>.?CK\%OA)=V.F?%+XM_"7X8:KJMI+?6ND^/OB/X5\*W
MU_96[NDU]91Z_J>F2W5K"T<BRR00.BM')EU$38`/:RP"[CG&,G`.?IMY.>V.
MH/%1),7*D*RHV0!(C)(,9ZJV",D9&1RI![U\.W__``4D_P""=MO=-IJ_MQ?L
M>WFK;PC:3;_M+?!V2^5E7<X:VB\9/<97'*F(,,;6"\D<E8?\%0/V$-1>8^&?
MVB_ACX_>VD82-\-O$FA>,_L[)D,DO]@:]JI!0Y4DJH^1F8*,A0#[^ENU%Q+)
M'ONH4^SP$6L)N#%</)<)*6=%D4&%5C:1/E,(<-+E9$`\"\9?%7QCI?CS2OAO
MX.\&OJ&J74%PUUXT\97$VA:-:&X+I:/X7T>XATRX^)O]G,OVKQ%I_AC5[>XT
M:R^SM<W$0OH)X_$A_P`%)_V3)5LGB\9:TTNL75Q8V%O%X8OUO-0N+.*&>YBM
M8"0]Q]FANH);@P*YCBGC,A4$US^J_MQ?LU?$RQTV;PV8?'EDNJ3/I<OB&Y/@
MW17UO2_L5TL6D>*;PBR%S82I;3WT2?:)E#Q$1L/D8`^A+KX7_&/Q7<V%SXT^
M/&M^&7L!NMK/X%:#I?@O3]5W2;PGB.#Q]#\6+N>08\OS[#4M+@*>8%AWXV]-
M%\!_A=K3P7VO^&[K6-3M"6&I:I=Z]I]P\H=B9FAM;VPM&=\[Y"ELJLY)"JFU
M%_/C4/VO_B5_:&MV'PXM_@1=:K)&D+Z/\1?VR/A)=V.GP>4YA*^%M.T+P_K=
MH$RYE5M79@ZJA>,HU2+^WE^T'X;L&LKWX9?LD?$36L@-=>'?VZ/A)\-K.VMP
M@5HSIVO67C6Z>2)U)\XW:JR,N8PP(4`_4O2O"GAO25^RZ;H6F6]JI6>+_0!,
MX+<,QN[HW!+#;D@.-HZC+`UN3VT*0B.`*I:150"%WA0,PR#%:M"`@4'YL@1D
MF5\HK`_C9??\%7]:\/\`A[5-0\1?`OX=W]SI]W-:7B^#?VOOAG\1-`MMD<3^
M3<^+?#'@O^S+6^3S`TVFSQ&ZMT:&1RRS`+L:9_P5E^&-S9Z,FMZG^QSX,U#5
MDEN;7PWXL_X**?L_Z#KYCMCEY/['U2QM-281-\S!;50G#2?(5)`/U!^)EIJ%
M[X#\91:7%'/J<7AK4[S28M2M+R73SJ=EI]W-9J+>TFL[S<UW!"`B70<K(-OS
M%2>E\-ZC::KH.EZK9S)/9W5C"8S"ER))'@3[/,(XWG=QLEADC5&#.-N&+$<_
M#GA+]K#XB?%BUCA^&WP>^"OQ'M-5L;U6D\"?MF?"_P`4QO`T9CE:!]#\,:B)
MU\L@^=$"D1=MX"@,>F^&_C_]HVQ\-6&@Q?LL>'8I?#%[>Z1=6UO^T7X7NQ92
M-(;ME+Q^#$W$I?(!&0&VX(8[@:`/6/&D<(_:(^#$C76IQ7`T'QZMK;K;22Z9
M<JND2M<>=,8B(+J-)4*GSU\T&,+&?+</Z9)%#>^-[2UMYK2%=#TJ2ZF@4F6X
MD.K2ZA`C0N9&A62VGL?.EADA=XA+')\I=#7R'XE\6_M%7?Q<^&.NR_LG>&TE
MT/2O&JG67_:,\+)=6J7VEO`UDFG_`/"'[IHR,2O=;D2+SR#GRFKL_!/B7]I>
MQN?%^L:W^SAH0O\`6?%D]_I"Q_'7PW=F'0GT71K2&`7,?A,*J)>VVHS"#;G=
M.[@`.*`/KP!_.+F)DW'!E_>,6`4@`HI##'"@DX.`W7%>/_$K5+?0/%OPKUB[
M9'L9/$&H>%GA:]@L6>^\9QV&@Z8(HK@&YN\WUTJR+:R!HSEBI9<#"/Q$_:+'
M_-M^C$#N?CCH`/KT_P"$0Q[=<>I%<5XV?QUXOTCP_K7Q%^#=IX7/@GQSX*\6
M6=S8_$?2?$\H.A^)M/U2X,:V?A^R8A4M=QC9`SDL@9%7>0#ZFM[5D'DAL6X+
M>3%"TB1JI/"3)(\DLDBMN+21R11N.=@QSII!M1%)"A5P50#:3G@Y<,YVC@9.
M>3G)JMILYO+6&Z*RJ91Y@26)X'17!*AHY,OG:1DG&<EE^7`K1H`0#``'8`?E
M12T4`>-_'CX&>`?VB_AYJ'PN^)EE?:EX.U:[L;S4].L+M+-KYM.F\^WM[EY(
M+F*:T,N'EMY(65V2-P5:-37YL?\`!0+XVZ#^ROXQ^('Q\\6W/Q2T?1M%_9YN
M?(USX6Z0^K:K9ZE-\6O@WH^F1:A''>6'DZ!?:S=:?I6O7;W#BUTZ^FD1)Y#'
M:3_L77Y\_MC_`!&\!_`;XD?L[_%CXI:[X.\$_"?Q7XJ\2_`GXJ^.O'6NZ7X8
M\*Z%X4\8?#WQOXVL4\3>(-;NK33+#2M4\6?#OPWI$)NKFV\_6+[2K>.9IW@B
M8`_#7PQ_P4V^!T7[5>E_M<?M&_$^7PQ\(_A_\%_!?B/X9:#H+64^@_%;]H[Q
M[X9TSX1?$-_A_JMYK5A:?$$_#7PIK^O^'/B-IMC96=YX/U[P1XJNM2NI4\.7
M-F?"OVI_^"GUO_P4,^"NI_L_-\-M3\6ZQX2^('A'XS_%/4OA3JY2Z\(?LT>%
M_'NH7OQ+M[I+33-:DCU^P^%OAMO$:S7DEA8Z]<ZPNB2)IL.FG5K[]HOB'_P4
M4^%O@4Z#\+/V?M$\`^!T@TV33?AUXC^+BW6D7FLI-9OJ6DZE^SU^S;-J?@[X
MG?M;^%/$FF-;'P]??!?Q8EKK<NHQ?V3J5RMK*)/*H/AY^UC^V)%XD74?`GBW
M7/AUX_T.XT.XU+]LKPOJ?@WX`:1KMO;ZA:W]W8?L%WD/PQ_:-TO3;F*>SCMY
M=3_:0O+#4<3W%I)]GWK$`,_X*3?MW:Q\#+'P-XG^$FJ?`GQIX/\`@7XK\"^+
MO'.E0_$JVOOBMX=@ATK7-.G>?X66>E?:KS3;<2VT4EU/XCTX)>M;6I\M[@[?
MS$^+/[3=_P"%?VHKW]N?X;^%/$W_``4`_:'^#WB32(/$G@;P[\./^%-:W^SO
MX!7PKX@^&GBCPO-#;:W\9=1T?P[K%SXBT7Q)XSNKBWT>UOM1\(:9J\UDDJH@
M_4^3_@BYX9N_V+]=_9U^/OQ7\:?M01Z)\/CX:^&G@3Q!;:3H_P`&_AKJ.GRR
M7&F:Q\,/!$5A>^*]#UIEF>PDE\0_$+Q=";*&SAABB9)GF_5K]E[PWK%I^RS\
M#/#?CSPG%X8\2+\%O`FD>,_!\D,T?]CZK)X3T^WU_P`/W*7(%UFUN7NK*X%P
M3.661G8RDN0#\YO!O[9?[=WQR\6?"[X;7GP7^#'[%\7[0/@F3QU\"/C!J_Q*
MO?VJK?Q=!;>&;KQK=>'M1^&4?@W]GX:;KX\,:=J.N1VEGX\UAQHEN-6F%O$Y
M@B^C-1_8(U3XK2#4_P!IC]IGXW_%BXU&V2R\3_#_`,'>(+SX8?L[^)[*,[Q;
M:A\#[B_\<V3+([S+=BY\47L=U#Y$3QH;?>_MWPI_8I_9G^"_Q&OOBM\.OA/H
M'ASQ[<Z=J&B6?B.V5VN]%\/ZO=R:KJN@:,0ZFUTG4-:N[_5[F&87$K:C>74L
M<T4#Q01_5@``P.!0!\2?"O\`X)M_L"?!+4-/UGX1?L=_L\?#;6=,U5->L=5\
M'_"SPEH&I6NMQK$BZM'>:;IMO,NH;8(LW*N)#L7GBOML#`QS^)R?SHHH`***
M*`"BBB@`HHHH`B()ER&'W5)4C/`+<@]!D^G.1SU%<EXD\#>%/%,L,_B'0;#5
MS`%6,W=O#-M`<R*!O4/M\PY(#X.<8VLX/8X&[=WQC.3T!)''3J3SC-!`(P>G
MXCH<]N:`.1MO!7@^TB6.U\)^'((E&U0FAZ8N!OR,M]GWEM_/WN#@CINK2MO#
M7AV!`(=`T2$9;B'2;"(?>(X"6Z@5M[5V[<<>F3ZYZYSUYZTH``P.GXGJ<]^:
M`,X:/I((9=+TY67)1EL;4,A("DJ?*R"555..H51T`IRZ3I:JJ)IU@B(S.B+9
MVP5'=55F51%A6954,P&X@`$X``T**`,P:+HZN9%TO31(3DN+"T#L<%<EA#N)
MP2.O0D="12_V-I&2?[*TW)X)^PVN2/0GRLD&M*B@##_L/22"#HVFD-]Y3IUF
M48D`$E?*"DD``L1DJ%!R%&//O$OP1^$7C#_D9/AUX/U;F*13>:-:@!X9%DB8
M>0D+AD901M95(+!PP(%>NU`X"8V\?*QZD],8ZD^M`'SY>?LO_L_WMN;6]^%?
MAMH!DK'90:G9)\RA6PMGJ,+`D*!P5)Y[Y)R/A+\/O!?P-UKQ-\/_``)X7\,>
M`_!.N75IXSTVTT^[O[F:]\8W:IIOB074NHZM?2$1Z5HVA2I!"+>-6>1]A^85
M]#S:F+?48=/%K,YG"DRJ6\M`59CN<_+QTP#G)QCD&IY;>62<31",A<H/,13Y
M8;!>2+`#!W4[)-Q/R`8&XF@#F_$NEZK?MI\NA7-O9W<-S'+,Y`<36LK()'3"
MY&5$@.7*LN`RL.#U-M"L9#+\SL!Y\@P=T@4%@/[J[L84#C)`/6IO)5LAF;S3
M&`74A65>0-H``VALD!@W)Y)J6-2JX.3R>2%!/N=@`_$\GJ:`%8$@@'!R.>O0
M@D'V(R#]:\_\>Z;8W?@'Q7IUS'))8_V!JJ3I%OWO']DN)'9'4;Q(H=V)4[R5
MRO.VO0B<#//X#)_(<UE/'YXACFP\$JRI<02!?+E#%E99%(PRN2!M.58\`8(%
M`'/_``_\2Z7XN\(Z!XBT1V?2M2L_]%9F#DK92SZ>PWC@E9;*0$#)&,-@]>UK
MP#X(Z1'X#TW5OANUZ570]>U&?PU97Q$E^WA[4([6^$SNAMX91_:T^KQHT%K$
MJ1QJA,I!FE]Z3S,Y<Y&#V"\Y&/EY(XSP6-`$M%%%`!7B/[0W[.GP8_:K^%NO
M_!/]H#P!I'Q-^%OBB339]>\'ZW<:I9V-_-I%_#J6G2_;=#U#2M6M9[6]MXIH
MY;2^A)"M$Y:*26-_;J*`/ECX"?L5?LN?LQ:);^'O@A\&_#G@S2K.X2XL(;B[
MUSQ=<Z8T:JD2:3J?C;5_$FJ:3;P(H2WM--O+.U@4!8H$48KZEVKG..>.YP,=
M,#.!^`Y[TZB@!"`1@\@]1Z^Q]O4=".#Q0``,#IS^IR?UI:*`"BBB@`HHHH`*
M***`"BBB@`HHHH`*CDD6)=S9QD+P,G)X%24R1!(NT@'D$!NF0?H>V>U``LBL
M0`#STR,=L_RI]1I&%`R!N&>1DX'.!SCH..E24`%%%%`!1110`5%*K,N%QN]2
M<8'?UZX%2T4`0%9#D%00>Y(R.>@X_B'!.>.?3F1`0#D8).>N>P']*?10!5>*
M4W*2*0(PB*WS8.0[LW&.1@C'/7Z5:HHH`*A:/<_S*"F2>3ZC)X_W_FSZU-10
M!E_V?;_VD]_]BA%U]F2%;\,/.>-&F*6Y7J$B::1U<Y!+G@$`U;+M;QEY3E54
M_*JEG+=0%Y^8G!`'&3@59J"YW>2VPJKC&QV&Y8VSQ(5&=VS[VW^+&,C.:`)5
M8,H8`C.>",$$$@@CL0117%^$O$MMXS\/Z?XE\,7WVO0]3^UFQN+RUGMKB3[)
:>W-C<F2&=5EC"WEK<(@<#,:HR_*110!__]D_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>11
<FILENAME>st.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 st.gif
M1TE&.#EA;`!!`+,``)G,_V;,__CX^/'Q\:;*\)G__\SL_S/,_P"9_P#,____
M_P```````````````````"'Y!```````+`````!L`$$```3_4,E)J[TXZ\V[
M_V`HCF3I!4>JKFSKOG`LOZ9F($FN[WSO_\"@,(?`Y0*U3*`X;#J?SR+"D+P,
M$C@C=,MM:@_5"Z!++O^8.D#8<M!IS7!H5K>NC(GXW3O.=^.1=1,':#Q[?8<]
M5($*!D1,1EJ&B'!,@(M+<UD!`0:=GI^@H:*CI*6EBPH"?C@``ZBOL!)+.P$"
ML;>H@U@)!+B^=0!::K_$26TYP\7*(S<Y8,O0(0$ZBM'6&P)&S]?<&'<)R=WB
M@CJN-J;HHQOIGJ_!1=L7`FV$9EGQ%E<^AI:!N@CX[.SB(TS#-"!9BE2KT\R9
MAF.0YIBQA4&5EX!AIDG!2&Y@)$E"_XKTL_"M1Z8$"]=8U*9!'Y8]((/@,(=!
MU[Z7"3@F*9F#(H9&D`IQT:F`@!<$X>K0<U-@':*4%6R>H8/J#J&1%PP,@KF%
M:",G2=<<TY/`9X9YCW!""4MA%LB$-!GZV4%T`MH\6\Q64"7Q)M:,JUXBZ,5A
MWL##(?].L(H0"]0J%@6G1=G!L&"U;H)2SB#U#$!W>'T\MH`V81Y)BB5\BXGL
MU=B^A$;OW7H:=@[9"J3&K%MB#*$WIG&W-8WWBXU=K)&ZQH.F+[43-R^SG>"V
M7B&]8;Y:1[QCNH6#W.=@MQLQ2.H:&@\#=Y3&PVL?YWER?[YHY196'8!^)(+;
M)E<BO)&0GO\<NWA'03`F(1!?>9@Q8:`)G47A8`>O:=$?>R8Y5!5K(1EQGFK(
M`6A#0K`5E,M<3L#T84/(&8A)4,WI,%X20)51SX>TR7B64)?I\&$)LX0V1"3=
M/738>0.>=EA<*FT718A8$,73A;4!%^`(Z7$HAT$#2?F$<"70HR44YTG5GY/,
M72F";_.5<<",$MCD%8=&/#B.!Y&!P^68<-[Y`6-PVO=6`C_ZR<%!"FK`F!!,
M&AJ"?IO5U"8/:CIZ@4T+GO0#F)9Z@P>5SD52::>+.>)5AL0I1RH(5N&GQ*1O
M]+DJ!0*`IR,&+J4:5*&K"K`:$2Z&5QX"C<[ZG22X!::9AL8VZ^P%L]`J$P$`
!.S\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>12
<FILENAME>stmicro-st.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 stmicro-st.gif
M1TE&.#EA00(T`,0``/'Q\<#`P-W=W>/CX[*RLNKJZM?7US.9_Z;*\*"@I#-F
MS)F9F<S,S/CX^,SL_P!FS):6EF:9_S.9S,S,_YG,___[\`"9_V:9S,O+RV;,
M_YG,S(:&AN?GU@!F_____P```"'Y!```````+`````!!`C0```7_H">.9&F>
M:*JN;.N^<"S/=&W?>*[O?.__P*!P2"P:C\BD<LEL.I_0J'1*K5JOV*QVR^UZ
MO^"P>$PNF\_HM'K-;KO?\+A\3J_;[_B\?L_O^_^`@8*#A(6&AXB)BHN,C8Z%
M#A.2D@@.")>6E9>:F9:1$Y&:FJ`>!0"/J*FJ=0@2"@JNK[*SM+.Q$@>ULA$%
M!@*GJ\'"PV(-$@\=R<K+S,W.SP@<`0/`Q-;7V%$(R,_=WL\'``P,IMDJ!@0+
M!`$"ZP$$ZP,!#*<"`0$>`@D#-P4$!BT&`)SQKIJY@UPN<#O`L*'#AQ`C0D10
M(("!`A4:("S!``(!!N\8$$@`(0$\`PL@_S#P0&##`@\#"/`K-8":AU/```PH
M0**`S0()\-VLF=,G`'\)3`'`*4+GS)M.18`$YI,G39L;LS)QH.#!`0H.&BP=
M2[8L6;%FEZ)="O*B1JTB`FR85@[F`J$#4OY+F0!`.WX&$B2XV^[=@'8+@IYB
M('@?4'S^1A(0&T#PNI+_1%:NF>ZN3G@I`P"XM[3R8`'M1@J%R[I(A`<1'`R)
M2<Z@5@$+-I04;1?O@L2"$WLP`$$`4)D#QGED9U)><=P6/<84G0YD\0`+C!M`
MEX!!\KO3T@GHN!T"NY'R^J+$T(OQ`E\"6LL7XD!"A+=!*K*KVSHY]N*]B0`=
M`>:E,UQVQ`WD0?\`$/`#'4P0&(#=.NNT0\]O[R303@(DP!-74C<%%>(\"_!C
M6&6C]=44@^K$-]^+/5`@@6T^-##=+_,90,X`),67EV_>!>#/2\0)\.-2]I1X
MDSH>,+#!=G<5((`!TP$@F'8Q90=33"I6QI.5?0F@4H)-[H-=`0R\!Q-\3A(`
MXYLYU$<!$>+\\Z5\V)FDCD:/U:/F32,=&%^>0:4YTX3J\"19A1\-!\](ODBF
M(8/_O&,52HU)J:6E*+*D3E#OI+,:G*3*@(`"LHV@TP0,(##!):_JZ"HE8?6D
M8ZNO.K#3/=30F)5.J#U52C58P?2E37XQ8-Q1)$QI0$[C&0D35=NY",#_=C--
M60!_:SX[5%/\^"1">]0<YEVIZ,;0P`4SDC#`,0_H(DN\L!ET*BT/4!#31;ZF
MZ^^_@#C@5:HBO,O--QW,.4(!"C%S@`,2+@OPQ!3[L<W#)2!P`,(=A$."`0HT
MDT$%\PA;\<DHRP%`R`F;X,#&WR@\K@8')_/POF.EK//.:VQC,\$C.!"!-P=8
M5?`QS$1`\C1+\>STTV,<<'`$-`(P]#,1D%"!S\Q09!&W4(<MMA5<*W.?"0U<
M[3#!%3!<<\?B,-WOV'37G43#S&2`WP@-9-!,UGR#_#8%HWDWM]V()_X#5V\G
M0S7::B>#``D`X*W,PR#]4H'BG'?^@^5_`SVN_P275U.!`$@OHS>O`.SM^>NP
MQU``Z42+[@$%RLCL004T-^-`1?S&+OSP+630>#,'3$Y"*QT#[;;#H['3.O'4
M5Z]JZM]@/`+J'61`0@.G#@X\V-:7_[K/%J2O_OKJ=Z"\@*0#7?G;#T=\N/GX
MUYW))OSW7\G>$U"`QT10@0`.;FG%RI\"%TC`;>@.`+U;QL/L\0O7,?""UF.8
M!("&NK=1C746Q*`(85<!".;K>Q&\G-?<,L(6#J\`--N@N[#GN`ID[GXNS*'8
M`("`"WRE!`*X0`2&&($#1&"%Y-.A$DOE$]1,R8GP<:(44>.+;4EIBE:THG]^
M@<,E>E$K`AG'/>[A#E]WC/&,]\``!M"(1C6J\1X2^Z(<X724FASF,$X\#)6F
MB$<J3O&/P3)%".=(2-:D92PE/*0B%5G(1J:L`9`42R0G.<G6:620CLRD)C?)
5R4YZ\I.@#*4H1TG*4IKRE(4,`0`[
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>13
<FILENAME>tickedbox.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 tickedbox.gif
M1TE&.#EA#``,`/?^``````$!`0("`@,#`P0$!`4%!08&!@<'!P@("`D)"0H*
M"@L+"PP,#`T-#0X.#@\/#Q`0$!$1$1(2$A,3$Q04%!45%186%A<7%Q@8&!D9
M&1H:&AL;&QP<'!T='1X>'A\?'R`@("$A(2(B(B,C(R0D)"4E)28F)B<G)R@H
M*"DI*2HJ*BLK*RPL+"TM+2XN+B\O+S`P,#$Q,3(R,C,S,S0T-#4U-38V-C<W
M-S@X.#DY.3HZ.CL[.SP\/#T]/3X^/C\_/T!`0$%!04)"0D-#0T1$1$5%149&
M1D='1TA(2$E)24I*2DM+2TQ,3$U-34Y.3D]/3U!04%%145)24E-34U145%55
M55965E=75UA86%E965I:6EM;6UQ<7%U=75Y>7E]?7V!@8&%A86)B8F-C8V1D
M9&5E969F9F=G9VAH:&EI:6IJ:FMK:VQL;&UM;6YN;F]O;W!P<'%Q<7)R<G-S
M<W1T='5U=79V=G=W=WAX>'EY>7IZ>GM[>WQ\?'U]?7Y^?G]_?X"`@(&!@8*"
M@H.#@X2$A(6%A8:&AH>'AXB(B(F)B8J*BHN+BXR,C(V-C8Z.CH^/CY"0D)&1
MD9*2DI.3DY24E)65E9:6EI>7EYB8F)F9F9J:FIN;FYR<G)V=G9Z>GI^?GZ"@
MH*&AH:*BHJ.CHZ2DI*6EI::FIJ>GIZBHJ*FIJ:JJJJNKJZRLK*VMK:ZNKJ^O
MK["PL+&QL;*RLK.SL[2TM+6UM;:VMK>WM[BXN+FYN;JZNKN[N[R\O+V]O;Z^
MOK^_O\#`P,'!P<+"PL/#P\3$Q,7%Q<;&QL?'Q\C(R,G)R<K*RLO+R\S,S,W-
MS<[.SL_/S]#0T-'1T=+2TM/3T]34U-75U=;6UM?7U]C8V-G9V=K:VMO;V]S<
MW-W=W=[>WM_?W^#@X.'AX>+BXN/CX^3DY.7EY>;FYN?GY^CHZ.GIZ>KJZNOK
MZ^SL[.WM[>[N[N_O[_#P\/'Q\?+R\O/S\_3T]/7U]?;V]O?W]_CX^/GY^?KZ
M^OO[^_S\_/W]_?[^_O___R'Y!`$``/X`+``````,``P`!PA>`/]%8T:PH,%_
M&0`H7,@0(3UF_R)&C*8N`T)P"O1(1"4@F$6+UB@0^H=*P2V$*/]94\!$P$F4
J%B/^`1!%XL>('#-EC'BSY,F0(S]&<REQY:B;RR1&M`8S@].G3P4$!``[
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>14
<FILENAME>tickmarkx1x1.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 tickmarkx1x1.jpg
M_]C_X``02D9)1@`!`0```0`!``#_VP!#``$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0'_
MVP!#`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0'_P``1"``Z`#4#`2(``A$!`Q$!_\0`
M'P```04!`0$!`0$```````````$"`P0%!@<("0H+_\0`M1```@$#`P($`P4%
M!`0```%]`0(#``01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T?`D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$!
M`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W``$"
M`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P#^AK]HK_@X
MU_X)H_L@_MM?&;]AG]J7Q1\8/@GXV^"?A_PAK.N_%;6?A-JWCCX->)-1\<>!
M_AS\1-`\)^$[CX07_P`1_BM+X@E\+?$>UO+FY\2?"?PUX5MI_#7B:R?Q,;D^
M&H_$G/\`_$4=_P`$*/\`H^;_`,UF_;#_`/H?:_*#X0_L]?`+]I3_`(.^_P#@
MJEX%_:+^!WP?^/W@G2?V(/A=XLTOP=\:_AIX+^*GA73?%5C\-/\`@G1H]CXF
MT_P]XZT77M(L_$%GI&NZYI=KK-O9QZC;Z=K.JV,-REMJ-Y%-_2]_PZ=_X)9?
M](T_V`/_`!#?]G7_`.=S0!\`?\11W_!"C_H^;_S6;]L/_P"A]H_XBCO^"%'_
M`$?-_P":S?MA_P#T/M??_P#PZ=_X)9?](T_V`/\`Q#?]G7_YW-'_``Z=_P""
M67_2-/\`8`_\0W_9U_\`G<T`?`'_`!%'?\$*/^CYO_-9OVP__H?:/^(H[_@A
M1_T?-_YK-^V'_P#0^U]__P##IW_@EE_TC3_8`_\`$-_V=?\`YW-'_#IW_@EE
M_P!(T_V`/_$-_P!G7_YW-`'T!^RY^U'\"?VT?@3X&_:7_9H\<_\`"RO@E\2O
M^$F_X0KQK_PC/C'P=_;7_"'>,?$/@#Q'_P`4YX_\/>%?%NG?V=XM\*Z]I/\`
MQ-M!L/MGV#[?8?:M,NK*]N"N_P#A;\)_A9\#O`FA?"WX*?#3X?\`P?\`AEX7
M_M/_`(1GX=?"WP;X<^'_`($\._VWK&H>(M9_L+PCX3TW2/#^D?VOX@U?5==U
M/^S]/M_M^L:GJ&IW7FWM[<SRE`'\H7[&_P#RN2?\%8O^S`/AQ_Z@W_!-.OZ_
M:_D"_8W_`.5R3_@K%_V8!\./_4&_X)IU_7[0`4444`%%%%`!1110!_(%^QO_
M`,KDG_!6+_LP#X<?^H-_P33K^OVOY`OV-_\`E<D_X*Q?]F`?#C_U!O\`@FG7
M]?M`!1110`4444`%%%%`'\X/[-/[!7[6/P__`.#EO_@H3_P4"\7?"G^R/V1?
MCC^R!X*^%OPM^+?_``G7PVO_`/A*/'>D>%/V'M-U#0O^$"TSQC>_$W1/L][\
M'_B+!_:?B+P9I&CR_P#".^9!J$L.KZ%)J?\`1]110`4444`%%%%`!1110!__
!V3\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>15
<FILENAME>trix1x1.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 trix1x1.jpg
M_]C_X``02D9)1@`!`@$`2`!(``#_[08T4&AO=&]S:&]P(#,N,``X0DE-`^T*
M4F5S;VQU=&EO;@`````0`$@````!``(`2`````$``CA"24T$#1A&6"!';&]B
M86P@3&EG:'1I;F<@06YG;&4`````!````!XX0DE-!!D21E@@1VQO8F%L($%L
M=&ET=61E``````0````>.$))30/S"U!R:6YT($9L86=S````"0``````````
M`0`X0DE-!`H.0V]P>7)I9VAT($9L86<``````0``.$))32<0%$IA<&%N97-E
M(%!R:6YT($9L86=S``````H``0`````````".$))30/U%T-O;&]R($AA;&9T
M;VYE(%-E='1I;F=S````2``O9F8``0!L9F8`!@```````0`O9F8``0"AF9H`
M!@```````0`R`````0!:````!@```````0`U`````0`M````!@```````3A"
M24T#^!=#;VQO<B!4<F%N<V9E<B!3971T:6YG<P```'```/______________
M______________\#Z`````#_____________________________`^@`````
M_____________________________P/H`````/______________________
M______\#Z```.$))300(!D=U:61E<P`````0`````0```D````)``````#A"
M24T$'@U54DP@;W9E<G)I9&5S````!``````X0DE-!!H&4VQI8V5S`````&\`
M```&```````````````+````"P````<`=`!R`&D`>``Q`'@`,0````$`````
M`````````````````````0``````````````"P````L`````````````````
M````````````````````````````.$))3001$4E#0R!5;G1A9V=E9"!&;&%G
M`````0$`.$))3004%TQA>65R($E$($=E;F5R871O<B!"87-E````!`````$X
M0DE-!`P53F5W(%=I;F1O=W,@5&AU;6)N86EL```"D@````$````+````"P``
M`"0```&,```"=@`8``'_V/_@`!!*1DE&``$"`0!(`$@``/_N``Y!9&]B90!D
M@`````'_VP"$``P("`@)"`P)"0P1"PH+$14/#`P/%1@3$Q43$Q@1#`P,#`P,
M$0P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P!#0L+#0X-$`X.$!0.#@X4
M%`X.#@X4$0P,#`P,$1$,#`P,#`P1#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,
M#`P,#/_``!$(``L`"P,!(@`"$0$#$0'_W0`$``'_Q`$_```!!0$!`0$!`0``
M```````#``$"!`4&!P@)"@L!``$%`0$!`0$!``````````$``@,$!08'"`D*
M"Q```00!`P($`@4'!@@%`PPS`0`"$0,$(1(Q!4%181,B<8$R!A21H;%"(R05
M4L%B,S1R@M%#!R624_#A\6-S-1:BLH,F1)-49$7"HW0V%])5XF7RLX3#TW7C
M\T8GE*2%M)7$U.3TI;7%U>7U5F9VAI:FML;6YO8W1U=G=X>7I[?'U^?W$0`"
M`@$"!`0#!`4&!P<&!34!``(1`R$Q$@1!46%Q(A,%,H&1%*&Q0B/!4M'P,R1B
MX7*"DD-3%6-S-/$E!A:BLH,')C7"TD235*,79$55-G1EXO*SA,/3=>/S1I2D
MA;25Q-3D]*6UQ=7E]59F=H:6IK;&UN;V)S='5V=WAY>GM\?_V@`,`P$``A$#
M$0`_`%_C!?\`73IGUBHKZ3U#*^R]5>&XM37&&VD[74-_=;KO:NO_`.;?7_2]
M+]M7_P#)WV;?N.[[;ZGVC[?NC^;_`,!Z?_<;]$MK-C[3@_S'\\?Y[Z?\U;_0
M_P#NQ_Z(]97$E/\`_]DX0DE-!"$:5F5R<VEO;B!C;VUP871I8FEL:71Y(&EN
M9F\`````50````$!````#P!!`&0`;P!B`&4`(`!0`&@`;P!T`&\`<P!H`&\`
M<````!,`00!D`&\`8@!E`"``4`!H`&\`=`!O`',`:`!O`'``(``V`"X`,```
M``$`.$))300&#$I014<@475A;&ET>0`````'``@!`0`!`0#_[@`A061O8F4`
M9$`````!`P`0`P(#!@```````````````/_;`(0``0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0("`@("`@("`@("`P,#`P,#
M`P,#`P$!`0$!`0$!`0$!`@(!`@(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#
M`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#_\(`$0@`"P`+`P$1``(1`0,1`?_$
M`'X```,!``````````````````,("0H!`0`````````````````````0```$
M!P`````````````````@"`D3!18'%QD*$0```@<(`@,````````````#!1,$
M%`86!Q<!$0(2(Q4(&``9$"4F$@$````````````````````@_]H`#`,!`0(1
M`Q$````IHP*<C%'_V@`(`0(``04`)__:``@!`P`!!0`G_]H`"`$!``$%`.@:
M:/2)6<.UQ+VI2]</(P__V@`(`0("!C\`'__:``@!`P(&/P`?_]H`"`$!`08_
M`)4.[PWY?\I!I-\['O+2&13@NZ^)CB)G/G(<&RD5'LJRH892&`+"-I,0#-1#
MQCX\"DH#C67`JRO@LLA7V<3SN];77V(XJ.XK[\5GK+VWWE@S0IF_*[.C:X,^
FK27:WG%O/03-6HZ0U?:H]242FU?UP9]*K:+,UI]*$]XNU$?Q_]D_
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
