Brinch Hansen

!" #$%&'(" )*!*%"( +"%" ,"+",-.". .* ,"%)"
/%
%/#*1 .% 3 /%2 *,0! 2.* ("

%-!,0

"!1 *!2
-!"&"%,"

!-4 -.". *,!/($)-," .* *%1

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

*1 +*,-"(&*!3 ,/!1 * -.*%"!./ (/1 #",3 /%*1 .* /&/ %*1 "./2 ("1 #$%&'("1 '(3 -!,(-!",-$! -1 ,%-+3 " "1 /%-)-!"(*1 #'*%/! %*4 "."1 ? .*1 -!'",-$! ,/!3

*%E ")0- 8 +%/+'1 ,/&/ (" +%-&*%" F9 /(" 1 -)'-*!3 1 * *!,-((" #$%&'(" +"%" (" ,"+",-.". .* ,"%)" .* '!" #'!.",-$! ,/!3 -!'" 1 /6%* '!" 1 '+*%#-,-* .* 3 -*%%" 0/%-E "( ,"%)"." ,*!3 ? 4 -,"(&*!3 /!3 %"( *%3 *
B *1 *( "!,0/ .* (" #'!.",-$!2 *( +*1 *#*,3 / '!-3 / -4 "%-/ .*( 1 '*(/ ? 1 ' ,/0*1 -$! *1 (" ,"%)" '!-3 "%-" *#*,3 " -4 1 /6%* (" 1 '+*%#-,-* "#'*%" .* (" #'!.",-$!2 ,/!1 -.*%"!./ C'* ("1 1 /! #'!,-$! .*( D!)'(/ .* #%-,,-$! .*(1 '*(/ ! *( ,"1 *1 / +*,-"( .* < => "%,-((" '! +%-&*% ,D(,'(/ *@",3 #'* %*"(-E / "./ +/% %"!.(3 8 2 ."!./ I9 ?
B 5 GL5

/% *1 *! *1 * ,"1 / 3 /
5

B

*1 *( *1 #'*%E .* ,/%3 !/ .%*!"./ .* (" / * "%,-((" ? *1 (" ,"+",-.". .* ,"%)" " ,/%3 / +("E /

A*&+3/! 8 B9 0" *@3*!../ *1 3" # &'( +"% "6"% $% " " ,"% *( ,"1 ) / *!*% .* "( '!" # '!.",- .* '! ( ) $! "% / #!- 3/ 2 '6,"." " '!" +% '!./#.". +/% .*6"N .* / ( 1 " '+*%- * #,5 =B =B

F

" % ",*( $! +"% 1 - *% " *% !1 3"." *! *1 3" .*6*% 1 D *% # &'( *1 (&$% " 3D - 3"." " B 52? !3*% *3"./ ,/&/ ( +% +% " *1 $! *# 4 .* *,3- " 1 *,"% " "(!- *(.* # /6% ) 4 '!.",$! A*&+3/! 0" &'( +(,"./ *(37 &3- % !/ *! ( # &'( .* *% ") +/% '! # " $% " E 0",3/% .* # &" ? '! # /% ",3/% .* +% '!./# .". ( +% *!3* "'3/% &/1 $ 8 9 C'* ( ,"% "1 *1 3% "1 ) -...