0000000000-25-003695.txt : 20250806 0000000000-25-003695.hdr.sgml : 20250806 20250407123606 ACCESSION NUMBER: 0000000000-25-003695 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20250407 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: Oatly Group AB CENTRAL INDEX KEY: 0001843586 STANDARD INDUSTRIAL CLASSIFICATION: FOOD & KINDRED PRODUCTS [2000] ORGANIZATION NAME: 04 Manufacturing EIN: 000000000 STATE OF INCORPORATION: V7 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: UPLOAD SEC FILE NUMBER: 333-286101 BUSINESS ADDRESS: STREET 1: C/O OATLY GROUP STREET 2: ANGFARJEKAJEN 8 CITY: MALMO STATE: V7 ZIP: 211 19 BUSINESS PHONE: 46 418 47 5500 MAIL ADDRESS: STREET 1: C/O OATLY GROUP STREET 2: ANGFARJEKAJEN 8 CITY: MALMO STATE: V7 ZIP: 211 19 FORMER COMPANY: FORMER CONFORMED NAME: Havre Global AB DATE OF NAME CHANGE: 20210201 PUBLIC REFERENCE ACCESSION NUMBER: 0001193125-25-062651 LETTER 1 filename1.pdf begin 644 filename1 M)5!$1BTQ+C<*)>+CS],*-2 P(&]B:@H\/"]&:6QT97(O1FQA=&5$96-O9&4O M3&5N9W1H(#$P.#$^/G-T,7+TQ] M,+]I2)((XI#@GSB&K/0^WI84KI7WE_?B?7KP/DXI4 8/N1=$B;/U"9[GWMEE MK64!R3DPGT4?'IZ]SP_[7G%*&#KY*0FMTY^"5Q=7"RV;5M4+ =."M[(Z[AU- M& DBZWZUD"*'SS]%UK5R*>![GLM,Z!'_)":!=?_.VV(--UIU-5Q^&O&*??,P M;K^JI_Q?_2S^X<^B@G3$+PQ[@!C%_TS@*R_*_T9\6$JHRS5;B;G8 X3UYM1/ MK+V_1>1>_''0./!)E* Q-<2-]__&+TSCP>]>/"%A&JE2%K')4EHU/X-9""',%E6KA4112(&!\:!MX7>-7 MC:G:5I?SK&U,,2>5$"0D<,QF4F==B>U4&493>B]CY6"P21$=S*L53D%L_QQJ MAV KB@*Z!E:+-39AZSFI"L9(XFAU'#1BA$@VB0G=)_(R-X0Y[1FZ>+7>*7I MZ A_AH<=]$\IGJ641(Y%PY-3@(D"0R]O!'4.*P$E7SOE\_E?Q'B2@.+Z*3W*(A+2_G@L"2Y+MT#H01BH'Q'<+J^FV_N[E/BP'&>VQ!I+ M-.C/99,5RC"QX*TA>7-9"BTSU/2UJ%4C6Z[7,%MPI,S>-OQPG/N^!CH)^]WN M1(5!47:H'T,^QU&-@?"R-!U_Q$.'U%F+)J_:TW-3O M1=4WTFDQC%.<4E6'S6B4K7Y]"6'^Q=1-@8V; C1P4V"$:'RY=*,K&.-A:]D3 M89+9UF;=8Y-I65L:+I^TZ*>IV4$@?B[DHVQ[')J\:V1)]"4G:BW)WS?2W MU:XJLT&E%G:#X_9JU&M3_P.!ZEF4"F5N9'-T%LP(# @-C$R(#7!E+U!A9V4^/@IE;F1O8FH*,3 @,"!O8FH*/#PO1FEL=&5R+T9L M871E1&5C;V1E+TQE;F=T:" V-3X^FI"D8@,=<0+@#- M(PZ#"F5N9'-T8*9 XH-]D%?[[;>_4_+8)N^>.&0< M6IE4G%4%5&G&ZBVT?7+WXX_G&X+%4>D>9C.!?Q&>7@B=&8]"SR#H0'D'H]#B M@"-J#\*&$GN&XR;J-$&M/$7Y5^-D$T$!%?XG.*Z.! M:,3>H>[P)A#Z%'4$H=[K%?LY#D3]I&17ZO."->4;J\\HD:P8>)X&=)"7:329 MEQF!'X2-8U@:&AW)#0;)'@YH10!@\'E X4CI,)C+:L??-L\V8]MERUZ-RW(F M%T@68=&=(&-]W.71*A,YP[PK#_: 4B*I."/TU'?=2B!7SB^(-[%D):N6)9-* M']-S16?1I"RMW^A<=71&>UH1/%K1#SC#KOM.EBFQ/.4/19$]Y$U=A #LSD+# M[A*S\ONT:'@*(4BWP!=5P?)R3>@,T0S-[?XYP+9,8QVG3Q[KOBH*H<5AWERI MR1O.^#+U!W56+L98PGMCCV;1#4]*BS72_[NHJEBY0'^24G5Q=1^%GB1IFRSY M^'7!3_F6/9L*96YD7!E+U!A9V4^/@IE;F1O8FH*,2 P M(&]B:@H\/"]086=E7!E+T-A=&%L;V<^/@IE;F1O8FH*,R P M(&]B:@H\/"]!=71H;W(H97=I;F=E*2]#7!E+U1Y<&4Q+U1Y<&4O1F]N=#X^"F5N M9&]B:@HW(# @;V)J"CP\+T)A7!E+U1Y<&4Q+U1Y<&4O1F]N=#X^"F5N M9&]B:@HR(# @;V)J"CP\+T-O=6YT(#(O2VED7!E+TEM86=E+U1Y<&4O6$]B:F5C="]7:61T:" Q-#(X/CYS=')E M86T*>)SMG>M5XSH41M,"+4P+:6%:H 5:H 5:H 5:H 5:H 5:\#TK>^6L@R0K MS@-FAKOW#U9P9%F6'4OZ?![+(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B M(B(B(B(B(O\V'Q\?[^_O;V]OKZ^O+P>>GY^?#L2'ET(4B&)1.';YTZT6$1$1 M$1$1D1](RA3/S\^/CX_W]_>_#MP=V4W)8NSU^_?OJ.'IZ>GU]55!0T1$1$1$ M1$0NYNWM[>GIZ>'A8;_?-P+%KU^_[N_OXZO'U#%$ M1$1$1$1$9,+'QP?&%;]__\:L IEBO]_'EMA^$^\/3#B"EY<7A)$\5OR-?],D MXX:G)B(B(B(B(B+_-&]O;X^/C]4H(C['EN?GY^U*!:)$_WG.QX&7EQ>\4;(! M^_W^X>$AME]^5B(B(B(B(B+RCX-7""XAV#P\/#QLL7F( MAF9$2+_!PU?'Q\ MW-_?IU=(E(RCI)M)U32PXJ@UQ[[1@,?'QW148)B(B(B(B(R/^'U]=7 M0FZB/&#AL-U-X^/C(W9)X8)D(N@5\7_^_T>'0/M(G;!S(-X M%\-#1)UQE&PD&H@*AHB(B(B(B,@/YOW]_?GY.=6 ^_O[/D(FD2C2<"(*#QTW M8B_J^?W[]W(00Z)RXE=086RA!HX2'YZ>GMCW\?&1KTBHFBI'U#"44!H1 ^.0 M+^D@$1$1$1$1$?E#?'Q\I'O(KU^_\-U(U8*@$U$@0UZ0^R/^3?VAKY!OHSQ. M(@3'B(V(#[$16PN.F#6@8]0ZV1+%HDD4CDIZ=2*JY112>%'!$!$1$1$1$?D! ML.3':($L'M70 LD"XXIJ A&?EZ(_!+WU1=IF/#X^ICI1*X^:TW@CK2FRPAKX M(NTW4BU!G2!>:&,9@ED(,3I4,$1$1$1$1$3^76+)'PO_M+7H@T6\O[^G&0-? M1?E,\T&9U!]^__[=[%[]2M*.HI:)^C/>)DI%?)O21/4-053![B)M,#)H!I88 MM3S1,%+!:$* BHB(B(B(B,C?#\$P6?@WJD5ZBY"<% F"+>_O[RD79)G,6]I8 M.&2XSMCK_L!R$#320B.5$&PSJ'^HA)")-,#6HEG.QTH_S3#R*\P;T!:6XK61$D0*"&O:1=03E5!A M^IM$82PBTM!B*=I%'JZ2AAP<*,TP,O[G&GE>T?AA9%$1$1$1$1$1^1O = '# MB:$;1:H0Z1C"2K_F!\E8FBDOI/[0:!>9+H1*")W!O]AOW-_?$\8SBZ7/2-4N MR&P2']+ @TBA>5S$D 9\3)ISQX4D*M^>[U5$1$1$1$1$OH=8R),E9+_?KP5_ MB 5^QKA(<,>H$D1&L4#-0*,@!D6M*K6+^)"^&T@BJ! /#P]$"LWM40R[CO@J MJXH=L9?(XV:ZD]J,>NB^$B!/*YV@ 8:(B(B(B(C(WP/F%K%FKZ$M"&D%K)K@/9X?[^/N6+3'%2+3VPCLC*:79*'UA9]%%# M\Z12>XF]MO>&B(B(B(B(B/P1L#1@C=^86V!-T><'60[J!.E'&QL,M(YJ*8%P MT1L_Q'%?7U\_CDQ:B+%'%"8-*XI*"AK$Q(@C9H81]FH<4O*,4A79??9A:4*2 MIJ]*DZ!$1$1$1$1$1+X3_$3PGN@%!+2+W2C6)>H!JD*J!+MC@H_4+M(EY.3R M_V.%25<2DS+H7SQ^/@86ZJ&0"#-V!+%JO4"^4_CJ_370#-)B>/ER&N!+;$C M*L?=D6P,^^)XPK%P+>'44J"(+6E346NH@3JK2H-V0?C0_);@G\/$K"(B(B(B M(B)R6S+!QY9(#D@'Z7]1S0]B7_)QD VDV3&V1,DT9N!P4=O3T],U_A=1+8(& M65EKY4W.4XJE:0=*19/<)#L$7:71+G:?O5TXE^')BHB(B(B(B,BM( 0E\2VW M9-# 7J*:)>R.25%)Y!%550V$0)JQ!4N)^(OG2!2X><(.+#KR<#1FO]\_/3UE M>Y!0?AU V(T^7JCRA8B(B(B(B,@7$6MM@E>D(0%2QGP-'BMW- J6\$@? M=?%.^$W"09!F]"M,++93VT-8C.?GY^KWD=H%[8P3(6AG:A=/!PCE02*5MP-9 M"?E*S)TJ(B(B(B(B-PHL$:H"4/QU\#0HAHY M_ W$23T]/54%@^;%=DX\VLP'3C^U"_0-[#3PKZEV)E2..8K6%R(B(B(B(B(W M(=.%I,4%L1WV^WWF_IC$S\P<'[G\7XXI1?Y^\X-H<#2;.)R-@L'&S)2:V@7R M!>I$JA:Q!8^8[$.M+T1$1$1$1$1N0BS,FQ@7&BS)X^]P=Y;P&0 3 M3Q.6[==D#/E.XBS2!B/M1MC8!.=$J2!Z)_^FV4E MM;,M()\05B,/W5J(B(B M(B(B(O\Z?7!.5MS8#]1%_=!_) K7F!A$JJQN(_\6&4VTQNO@*[J%6)T9E33. MM)I5T)FQ,;=@GK$Q:8N(B(B(B(B(-*!+Q,JZ;GQ[>\OLI?A-5.K"O$+$#$2/ M?WJ='J>/!PWI1>KV] ')WF@D&I*QIMD&&]%S:BI5$1$1$1$1$=D":^J,YQ!_ MTZ8"^X%&LHB-A+#H;2KPH?A)L1VB<_ *29,)3%#(+9()1U!LT"40/9 [HHNJ M\M >D9@-4&V4X)@$(&3Q*:LWZ,P_]:J M2!CZKYM;]&32V/A;/670+F(C_^(_0I#/QL$D=1ZZMT;&$!&1[^&C<+) 7V;^ M[+T0,V9+B(B(E<2HRK90W(@QC @@T_FL,L0_%&6Y/%M[H75 M0=WR\R#E"O$YV?)Q"$^*O0K?IAE&%DA?F^QD-M:^%1&1K^;C(,7O#ZR%'L)2 M#AJ%&1$[OQV:S]5#- 76CA[5$AMJ"]FD6MN<)D9T=<2ICMNAC49 M1T1$1#:"2TA.L8CD$./OVX'8GM8".(/L#_,QW"C2W@ !Y"?YB:Q!O,T:LR)# MDN:$+5UFTEJ#V0O%Z"+RKIIV1$3D.TEQOE][ DH"9?KGLV5?M!=2=VUL_U"[ MR )#(\;M]4>K:OT9?WM.YE_+BUA[M3_]W6%N@#GK]EX5$1&1A'5W3N%P V%$ MCG$_7PS%!"8VQLPD9TK5,22^_5^-R @UNX-Q!:<SRZJ M06,O(PSKSS&:9M3ZF_[)UC)>K_5JO8)+T9&B87'*<>+T !.G[!Q]145$1"X# M$XOZQH$AF^D*4Y$,[T $C%RDIXEF?&"D_F.G\2? 6+>9N$9?I7"!U7'.K'(: MP[0YYSSQP< 7(B+?QFVUBV$]YVH72\E%56L8%JLE&QN2M<@,C?Y0M8O>VR*^ MQ2%T(L[TI,OD?B7[&'76PS755K6_Z;>^ 7DXKM2PJ_N]\J1Z7Y[Z;VH7=/[& M7IVT9#FZH@PU%A$1$3G)QS$@9XZS,:G(R1B&G34]*$('JD5ZK6(C^G\3+A)F M.#7YR.N!:CI+I]'5,5]BVAQ=2@W,(1N#51$1^2)NKEWL.O.Y"[2+AC7M8JVV MM7,9,MQC3&LLE<*$^NZ#O8B.A<=*U##,%5+9KEWDL8A^F9.6D\K N=I%M+SOU;6CU+E3AK(B,A7HZ(B'P/-]0NEL]C98X" M_T/M8BD90N^Z'*EU_;XF7VS4+M*XL28BG\>:2+Y4NU@.4Z/>>+5!^4)$1.0L M&I.)M[>W.A-+:K2N.H'!1%,?ATI.!7-:P@2&+B6PYWSZATF&*\?B8&^FM\1I:+PCXLA][CZ-$M)/*(>NI<8JVVC=H%K:)O MWX_DZ<+\E/R@M;M L2B\^9C*%?%ZL3)CV0,3H0)I$Z2_*.B(B(#$&(2)/%^#=&<$PNJY$ "5)SERC/0$]8]3JIB'J>#S@6 Y/> MG!)'M\3D9[O4@_IAT$X1D2\BS4^IZW+Q(KCI':1R_^A.I$F&366 M5\/U/B--K];!G4L6IY!91?*FBI+5A-6W/R(B(EM@_I"C-A$["?U-1HSJ/T)V ML+098%;6C/@YQ.-(\G]3,'#LC=ECG2EEUM2--=1I#&^[-+T0$?DZFA"7^>Z^ MAF58<_2;:!?+*,SUVJ&_(59GTMA.5.WB[I#,-&FTE^T+[4:W(4%JWZL3RX23 MVD5&$5F3)AH7UYZ;Q.I,:N2*ZGZ[*REBF]/?;L0B(B+R/X>Q-?.)Y"L,(,AD M8X"Q.\:5PF"C65/C$Q$;8U]D$&8F_X>A.5_/0;4]S@G8W-PTOJ73HG!T6DZE MN"X;7W6)B,BYQ..:^$*[%3!C&.Z842#65M!U#.U#2-5W^I,6GEML3J]=U.B1 M/2S,SQJ&,-C(F<"P2^[6. M^[S(6.M8''+_#[,C$1&1F\!:.P=TS#NQ;.1O4W)WG)YE!L\U$UGF>/'WX>&! M%S>Q_:=:148GX#N3IBGQ;^,W3>J6NV-*V8;HJ'YZ4Y.,_#[P3>^+^K'L-^6@W:1WZXI +5,WV_UK">.F?423R"'2']2^,C0Y_1 MNI#,3U]$1$02WA:EB6-]A?$\>A7"^PNL59\/,1S6(GJQBF=FPFB.8>?:>ZM_ MFE1U4"V68P_T9KUTPOW]?3.WJ:[6NX-A+?'-*,_T!K_=G]=[(B(B/X.?^H)& M1$3DCT.DBR;_137F;%;*6#_R!F&2%)5<(<\_XX=%U M3T]/ST>/&'R-UV*IT<_5G20#H?>VIF@=Z39"U NSP(N(B(B(B,C_A)>7EQI. M@7!8K+ACC=R$I:HYR%AKSY6'YT/("SQ "? 5*V[B51)2@PIKWM5_!728E%_P M[. L:D3T2=0OQ(VT6L'Z95@^O7C2-V=B[B(B(B(B(B+RPX@5=$WHE@DR$"58 MH3?IO8A?L>80T9!&%RS B?^ Y0!2!@88><1_@NK?D7&W,ETLZ>0X\8DF0W2+ M-%Q!N^C[$]D'?2F_9:,>M2(B(B(B(O+C(21%^C40C")6Q/B,5*^$&HARF8;H M[ ^1.\9>N>1O4K)F!(R_?SU>O5T(1Y+>^2+J)DTZX2YP+"F@EPFM87\UB@(B(B(B(B(O\Z* DI09"%,VARBR2Q M?3GZ@)R[9$YOB#3 @%CO$^R"\!HH)&@=47ZC:<=7@VD$-@_18(PN,G 'YY41 M,.)TT!FV:SM-PI'E<"W2 (;0IOE5'((+L1R\>/*SB(B(B(B(R,^#$ KY;UUK MO[^_/ST]Y?(<4!)8:%]P.,)+XBI20UZ@6N!J$0?-N)U_@WQ!V%+,*K!Y( 8% M9A5I&H%\@:J0T3"V'P4Y*&KC$N"\@Q+2""#Q+RWA7ZQ!_D+_&A$1$1$1$9'K M(#$D3$E M8A6,Y4--QTD&$.PE\&A ?#B9/F,-# QB#1[U8+2 ,H!808;6:LR0'[8OS\E5 M^EJXS"PA+2Z(QGE_?_]P .$"5XZ,$!+_DD)E>YB+A@P)LASM+C"ZX%QJMS2* M4^QBMA$1$1$1$1'YD;#FY3.O[VL,"K;'BOC7@5A'HP#@L'#Q2CGC4A+XHMHJ M9,B(="4RRP1B7% ;3<*^ E<19!8V1DDZ!Y.,RYQ< MLF?H6W2D_ER(N;$4!Y_X=V-"$Q$1$1$1$9%_""P$,F](=>6 6.S'M[%"Q[2@ MV@/D7A> W04Y0/-8^R-1,VOV_ J!)26(M15Z;(^V95/C UX>V(VDW\?V=I+" M%?N*3/F!WL(A2)*2:@::"64N%G80:E*:X%B5J#R%$?*_+$??GXLM841$1$1$ M1$3^3K 02(<1= /<$_I,J:R:EZ/$<U>4DS2V(:;DQZ2JI8Y%3,@H'8D5^2+L12$'C&NVBNHTLQV CST?( M5!L@*^V.J5Z(0&*F5!$1$1$1$?EAD!V5S^3TQ$IA*3DOJAK *W[\1ZXY;CJG M( O4?*E-\I'\@+M**A*-<'$44SJ'"M%8L.5 OL!2I?$?R6.A]ACR0D1$1$1$1'X26 CP M.1U&4 _XZNT(L3J7PZ*>V [7'+?ZC.01,;<@CD2_0B<'*(UDWZP-12*VQ <, M$E)VZ'THL*8X&8P"58=^('-KHZ7LCH$X<&_)#VF5<;&&$#MRN)IM9'?,8]+K M,_4*&O)"1$1$1$1$?ABY0%Z.02D;8A%-R(A8Q:-7H!Y<%H@RP8PA*L0Y)=U& M$"6P-*@F'VGU@4W"[G- B6HC486%^#L\.EE43C8OPUSD02M86:26@GQ!N$[, M2*[I'ZK%H(+H(B@S\;D)?Y'Q+I:C1XPA+T1$1$1$1.3'P**8I2ZF"SB#].MT M0+O +N+*E_L9O (9@3HSJT@U_*C^(YA 9'",NDBG&+I'QOE,=Y@&0E5,["*0 M#M*A)BT?4J9 R<$Z@I0HT52,1MCK2FT'NQ2TEVAGU(]\5"]-')'TJ;D7/C47 MY%(1$1$1$1$1^3NI@2MC"1R+;A;"L06+@G24 "P0L'"X\M"LS8ETD;I$9DE+\3K\L/ MQHLK(B+_!W!M2+TB%N:]-45\2W2%6"_CL[#['&OB,G#*B+5_'#&6^2D"I$4! MA@TUU4AJ$6E6,1$?2+JQ5H" $A.W#DPI=L>T'9SU[NB'DF$Y*<._5!A]A=!Q MI=W%\CE3:GK60)K'I(U*2B6TQ)F,_$'B]Y)Q98&,0G&73NRU>!2\; 9]=4LS MD!;3,HH?Z=IO))I1CS(1(9N2??:BV'+R+(@C-.^6M:.D1=9VXGGR\EGR;0KT M#3CKH@3(JFM7A +UBM"D&T;I:;I]BXS MF3]_^E/>W#(KZX?.C4_(VC,GCS4<&?'@GA^E[]M)^:9))\]= M1&0+Y"'E,UX2C%GYL,WG4CSH*'FKA7E6E7X6K$2PJ2 9*$8.5=-@J<*R?>ZW M,M*6GV-C]*]0BK::.WT]10Q>&A*#V,@S1A^&2. _5/ MK6:O>';%M;A>=WWY[.)W,JPT#^VZRT3^K;?'\$S3JW$"5SP.>O&4OJ; MR7TJKN:Z<[&: GV'8*LY;P:GV2]>FA_[Q,^1V-K9;R?G'E'5\*PG/=G\B":[ MO!QRRE,L;M>)P+6E9Q"4^ENH'F4+%_NH!85>^ZJ6'R@VJTILD;I>7S/3-LTK#WMFL7 M:V_$\B&YUM7]19_\%GJ+W^%(L78AAIU9!=NUN?'V.W--;NK;.9F'5W-E9Z0B M23)Q[O^7A)X^W4@?/AS_+Y)MH%T3:PGTS3LC0V(-5(53.8T^:S]Z2Y MYJZ;MV"IBXK._'82N(-!+=J#579ZB^R.;R)224"OP,:2L[@[I'.]LG_03QA, M)V_9$//S9#EQ+?3D^ZD32U[?8![/#[QYW3.<\]1%1&8.6F.X(&H6H7>'9$88 M5] 28OEF@>'R\XNTB_L1S>^Z?R*=U"Z:CFK>B_6==HUVT5?80&.:IU]] <=5 MX\;@BC1OJ*]W>6ML!K8L>/MWM?M#?O!AX>W:!;??TV>:D,MKOX63U%OK@A\+ MX^_PTMYW4+IJ1^NZ8 M3&WM^;-6R?ZS"^W)']VYVD6_P&>>4Z]@?6(/%_5]5]<:&BN"-?FBT2YVZU(# M,Z):I;_H]2''-^=)[:+I M/5Y*UJ,TC1S^\(<:R^1ZY1FI78C(36!^DJ/)Y-D2CZ9M%H_(AR/I M)X+- _$N,K%(/I_7)HW [8?AAA$&&@RO>ED8I.C*@-0?>QCWLS835/W!W<; M["=O$BTS9T%<(X:,_=$1M5\=< 6'HHW(5U.G1I/U A/:M2EB3H:WS'9P+F[: MT+Q-GEC^\Z@9'N4KM(LHL%9)L]YICCC7+OI?>GWOW#\G8_>F_K.TBRU/ML;; MNBXE)HL(GIR7O4&N#&7>DZF7AE;Z:ZNML[2+M3NPD0XN2 Z5=\46J;R_[LMG MD2=/MG;@,"147;_3"1./ )9=PV[\"NUB:"-T4LD?FGL--;2Y=M&LFB>/05Z@ MK$VEFI_,2>UE>''GU!4HZ=N&Q7!D&/XJFYMGK8;Z>!G^_'OM8NU^[E?-&[6+ MM9(9@[V>R 7:13V%-1V2WP)&%[W'1]Y4$Y/=],T9WL]S[:)Y*D[<7O93?\DU M2\(UM20[3>U"1&X"S[H,U#EQD>,1Q,,'G[N;-( YR=TQ? 1O(:M2D0H&6Y + M>!C.9WIK03DX8E22$ZKA\[FI9U>T"]YQT%<,9[S5Y74#MB)SH\=S^R=/A!=V M6Z8Q\Y,2^0JVV*P"V86&7YVE74QVWTV%"XA?RMICY(NTBTE[Z@R_F9I.M(LA M<^UB?NB;:!=]>W+W27AD#G1#HXL:*^GD G MPL#0^N(FVL7R6;Z8]\R0L[2+ M(8W-/TO+W+(VD-65VF3:D(=8$Z.^0KO(2[,O!D@G?P5KKFK]@#O7+IJ>.1DO M<4U4.5>[.)?ZK)[(B?!QB-;>MZ':8LW#5];NG7=:TD]@AJK4=NUBZ,C6+\,O MTR[J(W0R-:4K^E/;*/LOAPNW5F ^_E:A:7Z(:MO66GJ5V(R$W@ M65<_[PY34^)D8F5-4"#F&)B6#>VT+X;'(-%!ZW## ,&["=[2[HYO!WC(3P8( M]KH[Q-CL(2H%!9#!)W.#7KM@+ZQAFV0E[]S">3O?KUW4Z?V_J%VL!:!;.EMEC-,8 M389!YTXV>$*]!VIPI/F0L13M C>]YL'>W .WTBZJ='#!]'Z+=K%%ZVY&WOPP M',7JW7CE2%>UB[P9>K8OY/-.HV$G8Q0D>4%_'<* UZO?2! 3[:)Q'+AFL;;Q ME*\7K"XV<]JN5"^=)4]S.ODCQ:8T+T1C8)9W'=.VR:%K[]6(S;W/5!ZWW@!7 M:A?5%Z,?^X:7LGE"XGYU[A-R.\DC^K7>P/84SZBT) MXV']PU=US8W!=/WZQV9=C_ PK.\0YR\T.4?L\9H&-^\?;Z5=+)_?AYZ[BFQR M'_37I>9%G3!\HSWQ89^L0\^B:A>3>!WUJ3*_B'DG(_+7ILY_"/6"QE5HGF/5 M@FNB7=0(L5?ZU=;5-V^+^HO+3^;*RB\VZIC8B?7,GV#U-UMOQ?J;>8)%9Y(3+0N\,R-X68X2O*0)( #JY(JF#>K M(9PF^#P.L 2[2-T#GQ$,,^C2"_IG#>94 M#!]]KI-4EG(+PRZN-U>^P10YER9&XAHHA\,:MN096=,NMK]D/\E7:!=HI.1. MJC2SUKF+\1_7+B;7=-)1&S.5L$R[^,'5K%G8N%$J-!>TCPF9\L5$NYCW M# 8D&WMF8YZ1R[2+[1X*$^H3-67&9< XOV5R[R*^V_&:KUM$\XAKM8ND>'56^ M4+L0D9O#PY;/6#LPO+X>("\ WASYK*[Y++:3CSL>7U%Y?9&1:4939,Y5.9I M9BBH^3Z&0PP+@;33^SAX%S*0Q:%YHO*6,$^?93XB>?-TK4,>KSGR.4P[:60& MZDPEX>13FKGQEJY+TX[E..5X/L2OAB9Q0X[U2$!J%_+]S#/45X:KJA^L79SD MKLL TE?RCVH72PG%>;(?+EY/57DY-\[MU6OSFI&EER_RO>W/TRZ:U?HD!L)? MJUWD;5PCAVS\+?07M,\FR:3E8NV"VXD)54^SGOT_:Q=5@^+N3?F1WV]=66^Q MNUC*O<$A&G&C%KA8NTB;VY-7;>TY?^43\H;:17.'-*?9:!?+,>I^?X)J%R)R MZ#JFXO0/+R:&-MC9&VH7\@?Y.$3G(RQ,T!M^YQW; MOX$ZZ3/",VIXW&N6@0U?I%VL6<)C;S )6?#W:!=K/B,$4IX?B"<8#B:(QG1% M/UV_3'I:6U1NB:0W5,77K"]NJ%U4P>U<9\R3/B/#P( ]'Y\C=N:9#@O?9.4+ M]:!#MXB\NTXZ_J1"U2PMF]@.:Z87PPO:2W;1RZ7MOF/XF"S-O? HQ7CP?4F^PFDZ+A3I8\X0GM-'S(?5Y!KA@.R'7>/[3MG39 MV!V3CSR7X!7I:9B/368O=X5?)217_4S]&55C=WS;DOVS/R9"S4@4M#G^Y1Q/ MQG"FVG0#(;+36OE&NVB4G-W1@:5Q%4?_5[N0OX$,R8)-5WV?V,\\M\3J7+NQ M&Z_>+?<_#>NW;]0NJC'SEG@7*+10L]&=/,K?HUU,8G6>/%"_2[TQFJ2-YU98 MI^Y-\(3&HF#-XGIHT3>TOL@MUVL7=0UX<;R+"WXLE7H#U+XZN3 \:6R3;9C_ MRG97YQEI\G6N7?VUA=N:&-5;7V36L]THC&&==31G1+^EIVHSAVG:LS$DQ65# M_,?YT5;[*_B\(2MHTJ@EDW@7?/7Q.6=HTTL7:!=+N4-R:E?/_5;:1=]I/-_0 M-.J]M*62R1.ROV?F02K.^LW6!T(S.UW3+I:1]<656<-$1'H8/?F<@2SZ 1>) M(_7PLYY".4SPKBU5Z#I^-:\8TKPA T3CEY&##K8'O(MIWEVFLTE^:*@%=BND M"\G=T?FZ1B]GUE'C?@%TYVZFSNRUOG-$>^^VU&9.?9WTG.%QB?$QC==:NF*S6_PGMXB0GK^;) MSIQPEF_.\!PGWHB]?'&R>S=J%W5-M]'VOG)]CM3E\TV(\4;^.QE?SKK!GH]^ MF@VWTBXV>EC \#Z<&-),'*;Z1\+3HA=G1U2^R2 M-9R47AMKNJ9 KUTLG^^QW6>=X3+MHK=[J8^RZ[6++8[ -7K>J%CHETLZP&OU"Y$Y%:P#%^.>>76[ ^9.:3CX;G:13IEY'J?@:P^ MYYDO$7.#]%*9UR--+_KW4[S#)=S$KD3,N(9\TF(:O1S&"YJ-\-(XC.3&*%SM M6'HPV[LKF573_&/2GXW=!48F:5B8*5EQQJGCOMJ%?#]X[,Z?#W5ZTT]^SM4N MFIN\66A, C_B>\5OL)]SUD9.+*E.+N+FVD53P]KKRW].NUA;7<[CY->CG.N, MD(L"!.>>.GST;WZ7J7:QK,L7UV@739T7B$+G:A=]2X97MM[\PY]A73RRX]K1 M>=W,KZQ_OW\K[:):C9Z\^L-+-G<"ZJTOH)\R-<^?2<\LM]8NSM7ZZAE-'+[2 M8*!?LS>)08?V&]7!:K?RTG^H731Z5/UU7*9=+-,;^WKM C^1^<]P8F2%M#)/ MPC67_>?:12/=K-V939*=OIZY=K$<)_/-+T7M0D1N1=4N=NM1&I@Y\!"[0+M@ MX,.9@JN\!_DR&@L3W[=?",R#PC3%"7PP,Y&L.P\FL]R=IV=L=DWS2O MVG7OCA8@:2^!;0:GQME-5@K][)=*YNZ'C7:1/=G;G>[*XDCM0OX(_#Q_'<++ M]$9<\6NJ9J7#)TG5+IX/H6\FH' V-30O[- 54?QX]8D0VDSDFDJ:T(5$O*D_ M*!X[C4[2=\A)[>+C8%*V\W,G]W5,6;^GJ._4AW$^UB;:&Z5F;H)7$R@,DP#<3P<'W/-$_"CV,X MH%_K;A2-8PX>M?.+>T$4LL:7JK^"S5W:='XC+^04CM;R>J6QAUE;[0[[H7IY MU%_'Q=I%7;\WS_PKM8N\11G[^G3/363U?BRH3\@@)","0S/U5'NVC-J]NP4\MSF[MZ,D M$8 BC5R=ZO MS[XGDQ>O]&IJ'?6@C65I0Z]=S-O/ *%V(=]/;UQ=W;B:'\N:H=>YO^7ACZY1 M%;(ET&QGKMA/TAH-9%>R$O?UK-E=G]0NEL\ZR>*2>UB]WG>Z^_- WG)7"9O=YO5;% MG%XY:9:EP]-<>\$Z/$13FI72PCZXLUJ:1_B$WN M]MTH;^997C!P;J#794606;N"+'7G]TFMI-^RUEUKVD5>]S[RY&7:Q5(F5,V) M7*E=-++ ;GK%>QN5FSPAMX2J;D)23$"C[FO8HETLW<-![4)$;D7U<D56A>T'1G=(P8U1 ?LV)FWYD-^-IH@7P-GU MAA]W1_N*]$]A"UD/4'Z&D@YC*.\@DLTBYHMVL726>)MT2[FH&QO/]_*=NT" M4KOX.";A@BUO:8?K%'S$Y@?%\&!X32_0+GYUD53SJ[GDU8R>39]G2^:W4+/8 MG[C9#H6='IQ<^J?']V@7R^&G??(NZDU'FJ;V6G%?P\F@7KN1_0EAS7K[O3S< MT--JHEWPU21&])H%U%R[Z&WYUAC^WC'$ZB.Q]W###']-5;N8.*"=_,W>'>QG M)OKM22.WIL=V:AI*;(S3[9\5\+4 G^- M?(#S%&58PPZCSKHG!QFY/='WZ5O5S6 ME-D?;KRATQ-J_[[\ROAUS$^P:?_DKFY^1'EUFD;.HPTP"1E>N.:Q,[F%FI;, M;2:YVVO>M-WQY04SD,8O8-+:+1?W,NUB.>;E'%[!:.3&6S2?DVDGL.6!OQSM M?_J+F]_VSTS,Z^^*&ADL&S^_%?&N.GG=Z4GFBOO/C[@MG9G>9!<\ M(<_Z+?2_V6SDR9&Q_@3F1ZF7:3_2BT1$+@"UO&YA.I%/L_W12C"?MT_'="0; M#\' E&,W(RQ* BK$OBRQ,W_BKT-65FC>7Q 0@^$#SXA4%7X?N1_!4_HD.<&X M.QB3([8@E=3I!Z<0S<..=!BS B5D?XRAL?N<7BT-,.8AVM N=2*]E>3W-&$QN/YM0NJ&2M_,E& M3@Z]UKPYD[>TR^<;XYJ+,FS\?&DP*;R]AT\>\61WT0.7G>_VHS34'TO_[+-RW?_N%6[MJP[.8=-<%5W_^.UW;A0<@\YDO>A(2WOQD8S8VE8MX M_7-R2_\LY_STZE$FE^#''7C&C;2SH=%9&; M@.5#O_WCF$YZ7W*C,^W!+.TLA?^C1&D@/$6NV=$NZ@.0PMAR9[ +M((F+MER ML,LE/G::- R=22\ ,03;#/263-*:K2+H'/K/R8"!NZ.;R>[H8I_MG,^4."[U MTSFTJH_F]''PP6$+,48<+$1$1$1$1.1?!S=#/F-%AF$ QEWOA^16Z2C!1CP- M-VH7J!\UO6F&B:AI,AKQ-A-R[8Y^(AA^9PV[8YQ,/J0@D!87U?JBFF$,/]N.+N<_Z1:NV0GU, 62N\7P]A M1-0.C$9H/U%#&W=[G#6R>55:V1VSK^)^4LU(&L^=Y/T8?1KMHH;@6VLDMGEZ M%XJ(B(B(B,C/ &T!Q0#M@OA16" ,@7K=$0&7O1O<=C$Y8'U?J,VX(4!.#LT MT9NK1H$+">&D=D=GC=W1ZV17$AU2.KAES7IY92"^>'7X<(HK61Z1N" M?H*64N..-L&3:Z3Z7EC H*5&[,QB:_%#,IXVKJP$/N7L./<,"97GB+_/=ML8 M$1$1$1$1D;\9EL;ICT"$S)HSBY!KN)/$OZS36;F?U"YR<8V80)QDO!MV1X\, MCIY.(G6Y331CHD80Y"K#7:9$0)S,]!;)%%&$@YAH%V3KX'--#IL%,B('!\+\ M X4D,Z3$49KH6"G1]/E*:FU5S=A-8W72GE1(UB(3$IR$>*3+T;5D>RX8$1$1 M$1$1D;\6](IT+F!%GWF:=L7E(9?YR]$BXF0<8Q;XF7VINDY4DP,L.N*X6&BP M;RH/Z3211@7H%4@'J2$@DJ3R<%*[B//*ST/M IV!C%$XB<17-=]]GYD1_Y>A MQ47V0^_J$N4G?&8*2Y$H9[9/T'-AC MI ,%Y:_7+JK/"($I.$TVDJ(:0Y$^7WGF.IE38UR0"F2N,.19\V\VE6N!+0H= M4HTWZ/EYDFX1$1$1$1&1?P52;/ YLX%4L)I(=X_E&#$RC0$FQ,*?E35"Q#![ M*1$XJ^T$KAE$R4CKCDQZLCLF6D48^?CXP$%CHEVDR4?U&9G87:!"Q(ZT@32I MM&HMB$0T@R/F.5:9HF>C0P=N,N@21. ,TG\DCU43P2P'\XP^>XN(B(B(B(C( M/PH&#ZQSJXD"X2-(,A*P-L_NTBC19( M])G1*D@F0F.:RC'5(%AE'ZNSVEW@7G%2N\A8G6G.$75NC!J1:5LG\L7N&']C M2X4IAE05(O.,9&UQ7$*%[(Y2$BTQ0:J(B(B(B(C\)'"^X#.K8[2"#'^1I@+( M""SG69O/:\8>H*9)74L5FN#O0#P-;#:(R=G4C"I"V]*>H8_5B32!"'"6W45M MS]SZXN- HRHT9,#2[88<&8H3%0)-B90KI&M!5^':U9($&#%0IXB(B(B(B/PD M6.WRF25SQN1LM L6X-6=Y.1B'$^'E"PR94E=U_-O&E&@2V29WH0@::!>--'%2N\AF$%\"Q: _.X2+ MM1BDNZ.SS&4R0A.>-.UAXJRC,=$)L87\++7^^#PT4Q$1$1$1$1'YIXF%<,U, M@6BPE#P7A*K(SZEL8(8Q<4]([:(* D/+A)I5).I\/C T5$!"23<0S#9H238X MM0M2;YRK73394?.KV@P$GQI8HS^I[1XB:_W&A>#?Z*+L^2J85"L+(J\:[$)$ M1$1$1$1^'D319 F<*3_2! *7A'XEC@7%R6PC$"ONMP/QH2H5>:!=2<:1GUF\ M)[FHK^89^6_*$:E=$!MSHW:1Z@$F*B>CF,[)Z!GIGI-. M/226(*R.:5)K5I2:W14GE\: 9'>,W<$Y7ISIHR9 R7[;':Q!ZN'2W"5M9O E MJ3E5141$1$1$1'X2]_?W6RPH8F5=TWVR\-\2')( $8@&KP>(VXFI ,82Z0U1 M%0G4@_CJZ4!=OZ>JT&@7U18B336:%*CI%5+=0^K?VH#=,=PH;8B6-P8DZ;J2 M#B87&S^D[05[TEH@S170*WC7 M?]+, &L$+"@>'Q\Q%:">J##C9O2!/5F5Q_H]:B ,Q5K S]00&GVCRB"]RI%2 M0.Z"G\@DYVD5*^J_: @<8F,,D)XF2BK6=R#7[ MW3&-:1#%J#]M%;!_2)L-=AQ*'[G>C]VC/11K(EVP!1,18FO4IA('([[*0!DG MNW$-.C- "\JH'8T[#_U):SD6&48N/JZ(B(B(B(C(/\')2(^Q7D[CAPSCR:HY M@TEN@9B66&X0^P)S#HP*AI85E&%%__KZBN-&+.W76IOV(;O/#B -=UWRTP27 ME@#=@ PI4;CF)TVJPTLT];)@%T0=V14?G'HL%)*U?>DW'49$Y'O G2V9?]L\ MJ*_9=ZTQ1%'FH1V/RGA6K^U8Z[^@S'SW+2W?>&KQ/,=1D0A.Y WO=^' MPC\Y%KW'\#IIV\8+=-85O(;)*=^D?E*MU0MQ<0+T.?UM?/(4ZBYB)9DP@XRA&Z,(PK5I2))@XIFXQ:I 66@,?GH0<^Y>)Z6 4NY!!DA MI&EPSF<^#K O44\O.ZZ(R+G$,QG[-&S;FN=>^@GR$&N&%>(F\5"-AW\O#M3\ M4W-)-@IC@=;KTICDQ;&:)SPIJRBP-FQE,JEH2;\[8T%O$;<*P$RB3%H]G#=_G$J=0 M^[R!D.!;1( AT?(:IKN_$ 2_NOXLHGG#VY@1?VTO9F+#"]?/0WCS,K\]HB=/ M3F#BE.O5'RH2L;'O-W[.*A@B(G(K<+48SJ9B8$U+AK1#B)&(B1^?-R;7P+H@ MQK4J2M1$I522 2CB0XRGVS-W((,T435V(\&!B1R:QMKT@XGQ;F2\D7,&G%_J M9/(",M)%2A"\ZZ%S^@@>L26G :@<7SH_%!%IR$&AC[33!$;NE_]W1W>\X6,S M-=OYDY]U:_-8[A_UC;22>:C[M7R20U(ORZ2!W&Z48ZL^J]=&EDQN-5R6]D_[ MH12?Y:-_^E->HSG?]%*LQZI;UK3]>L1H\- :A$MS]_4&@4V/#3E70LFA?WXA MKA]YHWN1 2=7H;]/^N8UN_0J!)K;O)=.YEB/;YMXZ?WMP80D"^!O6X.B7QP0 M3$1$I %#B#IX\88E1I\<*#.,)*X?%&,2NR5!)Q,_Y(LZCXJ!-1..Y#A. $]> M+FRQ*Z#]F1"D>HXTY)":+PCZ22QOCCBO9CI1I8R;B ;--(^(%J]'\%AIWLO< M'>U>T':^VBY71*22JZ%^?=HL)YO52B[>AV8/J1M,RC3U\-C_.,)Z,-_\-C5\ MFW:Q.ZS]^S)KVD5=&")08\@'&>.H&738*X>\#!F]._I:)@28ZIMZ=S 1P?X? M:IBIH7S1+.%[^>*/:!=QQ-="AOC.T]P^6-?.28O*O!!I\+ ER=J MSNO8WX0Y'ZO7[OV0>JS65G?)7VMF;1LRGTCTPEIS;Z2![NXP<4JG$FZJNZ/E MJOZM(B)R$Q#,DG&CU0V2^C,N!;SG:[FY) M (K"0!P,IE(YN]AU;R72]H.)61XE:V,(KJE4AVE*MAN$3,AWE)F]I7^92(\Q M?;T[IFUE]]TVU4A$Y(:D"+#[K _$]DP;/5Q&Y;?]([TWI9BDG,Z2:V]R68,W MC^COU"YVH[7_FG:!H\W\C**JH5!0_\V%[61EG8/.VHJ^+D+[%P>]I4:NUWQ$1$2@1NQDH&&4R>D60U+&OLC!D0)71EW MS[=."9A!(3),QKL4'\B1BD4ELS+L*^I<*RT_B2+%J[$J7S0J2A4Q>JZTNZB= MR0L7)@:<6_X>[:(^NIN@&4/MHI[.E2N[D]I%%8@F*]E<._?Z0V[O M7SVE-NT@-82T\135$R8WYR\(< KN4 MYP-]3)AA"[-/4M?JM8O:MDDE-WGI(R(BLARG58SO"/7-7SRH!UG<]$W/]+=H%HT\-8E#K&6H7^3)] MHJALY*1V,;QJ0ZK_9MW>3 9R8$WUX*_2+I9BHG,RJ'@5.O[@2X%J]]+#!')1AX':;OCN'' M,< @]VN<5_J)U-BD#;VM[#7SS,9;9#DZXS1S$B)[][,I^L3W%R+RIVA6RKFT M3Z$UU[G8E54SLZ:J?![R %SS24GJ^FX-'NQUKUKM22ZVN^!==B-?T)*A=L&3 M?[<2VG28T7+C%>E)]X&3@_7:,KEJ2C4V8[UV?Y5V,;<'J.0=.PQ$^0T0VZHJ M0DUXD[Q[U]Z;I&E3/[ M\!&\=""*U]TQ;U>4H09>'M4@WC6Z>/9#5G5QD,SZ\JLQJ.Y]D,GKUTQW-;H0 MD3]+M6Q?BOZ03ZKJH)&%AV-$DR=ZZ7P5^UTRB'&O*J^MR!KMXFY$?GN-=K&4 MYW:M[5SM L?&AF%VCRQ/5=^C72R?8RPP3*M=7 WK%VL1QG=[CE M9H3/-)[I#Y>A1*OMTT2[6$I7U]]7\Y/\AKM"1$3^/S0Y1&+PPBQA&&"S'T;9 M1,F8PI+,'(SX<*/@IT/ZJ%[(PW^&-&_:ZZ[;]X%43H:O*(#6.!;HE5 M,HG6PK?]QJ&V4W^2C:EMU2Z&IAJ-:1/O6?+G;+P+$1&Y+4Q^MDPYL$*L MZ?26 ]=0@U?WVTD,1]SO=+G-();-G"K%BH"W5WP(F/%R[M7;>L+%$DWO],V$ MI&DP\4;H6R:W1KH0D;^*NM)G;5)70/DB.ZTCAD84C75OQ>=TD(B*R#F/]QO&%MT(8/U >L^$8W6XX/#$_:49)Q H& M1R8G%& NSTG&?K)8;W^W-:\:/N;D!\+MIU] MG;W=1;6ZF1.-:9HW%,3J3^"&+[9$1$0 @XKY$!.#48:%3^F@!KX8FBQ>!K.= MQG"1%3V36SQ!:N@P=MD=XWS23J8'[,4'A(LX4Z9\=\<,?7F@9N*=\]YFR-[( MT X3:^I4@7AATW=(>E5?*XQ+:O5>C,,_1'M8AG)%[T44Z5RQB:B'>(+4QUAUG*O+-NTBUJ, MTR17)H9_O!3(K_H#K6D7R^?(TKN1=D$$JKM#MJ^;R._5'Z0:J,3I--E>F@[G MBF#G,.D<+@2=0YUD/>L[&9V$4]LX\ZF13O&J&-)(*+5YT1ANDN;"-2]Z#.57^'NN%T.A"1$2^ E3W831XR#$W1U4& MQPPS/K24N'D+&0UQ&R&]*:UB1H%O2#-)PQ476TV8G(P84>@N*B)_#_6%>R^KUO5^'R,HG3O6 M!HNA]T=OSH&"W<3M1 IN&O/5VL5:S?5$^J7T\ME(($^JCW:( K\V-.<[]/D( MU4@EPV.MR0L3WY^E"]W9Q_?.^F^BP-<>N_M,/;O^6'4YWYM/G.P<1(\:/J(* M$1O]2= M'Q$1D5N123>:[>G4$.-77>-CY%!%>*:(7R>S$T=T=YC0YDL'7DZA8^R._I@9 MZ"RM+/B,,H!\P9QJTEH4#,R8&WUC"SGB3^;,0!S.'.7KW(!&WC84JHC(-?!$ M94$TU"[RVV9!G:^J)[9D\1A$T;T[Q%;*YV&^:^[SC+!H:L(=YUZ\;>^=4!(T M< [7>QGD,K9_C&-1L*7FX=@*))2L*D>>4;[.'NX(V9];1EZ"5/?'JDZ@#7DU M^[QC?3]$R8G[S/4AFY"P[M9A)!T.N*FQK)E)Y(7HU^-Q:ZUE;-^=$^4C;^PY M0YDH0XMOOW#]+KE7?+5QGL9ITK#F-#%-Z7^2\X:)B(C&R!@9=B/,>Q$G7^_7;_BL, MXRN%>-R4&:XQL=/X7J[B^SS(9D)=&WW*#,/ M,7%NYT1ARFQL/R:CDU/@:JZ%W< QEJSN\]O^XC/JJ3? FD1#F;,:)B(B'=^15#T^CKFY;,W2O/":TC**8V4)"(B\L_!2.UZ5D1$1&Y++.W3 C;M M*-8RHPWC,.1>7YK3,V46) @,>M,3A-C7+P?#YOB+$2FV%H@>M.V+U)44*'I# M8@*7382+-!;E1 S1*2(B_R[D!5MSF1$1$1&YF,9SA+4VJ^D^+OKD-0KRQ9?Z M.V2B$(Z%42X;T2ZP#XDV$/T2K6/NGGPE+R7H^II%]'+,>4I@M R']7J [J+E M!N@6$9%_%R)C;_>J$!$1$3F+7/+GPIF$GC5L]5H^^B2M+VZ5&6UX"!*992RI M&@T;NPN4BG1OP??SB[PPTB)EBS:2@3N&DSI.1V\1$1'Y=]D8M4-$1$3D8EB& MI\-"DY5LH]%"9K4;1FB_+82\B,,1SB+6_@2]Q#>$>!=?VH":?VWCR:;_"!$\ MLH5899A;1$1$1$1$1&1.74'7!-]GJ1#I9O(-B_%\N9,A,9L0HU]$#6%Q0?#/ M%#W8$=\6PUR(B(B(B(B(G"16_42'0*P@-F:F[SR+=*:(-?[W1!HGD]HW'*@& MN+@L/,7;VUN*%?'YJX.$B(B(B(B(B/PD8BF]/X#@$/_.[0$F*VXBC7^/ <;W M0#C0]*/I@ZA'=Z6-RL1IA:@=R]&XY8O2MHJ(B(B(B(C\5&)9O3'A191,@X%8 M??<"17R5B_UO,\#X(JJY17P8J@WI_8%7R,F,L5BY*%R(B(B(B(B(G L>'R?E M"_P=]OM]+-(G$1MRU4^9?T[!P!8E(Y?&*:QU2VQ/?2/#6:R51+CX&18I(B(B M(B(B(M_/T]-3K*Q/AK[,;*3Q82)*5&^+6-W'@OV?".^ W4B>XWZ_GX?4:+2+ M^_O[-?F"WNB]3D1$1$1$1$1D.[&RGH2CS' 6R4D3@IJ> QN,O]9=(AI658M? MOWY5G6&8O[X1+E+N:"2=U$,4+D1$1$1$1$2N)^,V-$OUFD$UB?7XFEG"Z^MK MUE!%CUCL_VT*1C3O_OZ^VI,\/3VE_D &6$Q'FAWC+*)D] #Z3'3:ZX&FZ["X M^)Y7EY&5JAI,7%/'6+B(B(B(B(B)Q+K+778E^\O[\/ MC1 :$$ (=%FWO[V]52,'S#!Z6X6O \F%L)FI6D0S7EY>JI!"F3@+DL9&@;G, M$H4;$Y1,N:+%A8B(B(B(B,A7L&9]$?]NB=M0G43Z;W'$B/5^M7F(8ST_/[^] MO=UVI1^UO;^_O[R\/#P\U"/2MMC8.+"@6E @6Q);SC(1(:M(+]V(B(B(B(B( MR TA\\C]_?VYGAVOKZ\U]49NK'$DEJ-3!E8--=Q$_(N.\?+R$@6&<3+7^#@0 MQXI]XW /#P^U\I0LHOXHTS0FMM"8+)G*PWZ_G_B,-!"A5%<1$1$1$1$1D6_@ M^?DYHUMLW.7CXR/*IP* D48L_-G"BK[7(H@^D6E5&ZGA]^_?]P<>UHEO?Q_H M>]%FA0L1$1$1$1&1[X1T&R0//5F88IF>(Y;S M5;AX>'AX?W\GV 76%'-))!6&I.Z;MA91;2TS"?Z)9A+E:PM3:4D/E^6S?('Q MR=QU!1N5.-F_*@.LB(B(B(B(R/^$3/T-_:&Q M,7A^?D9YP'""Q7XLY_,SBD?:8]0==\>,'FG\D 524L \(Z-8$,B"?"))6E8@ M0:17""$O:H)4@GC4$!91@!U[WY"TON@5FV@V?B+;LY"(B(B(B(B(R%<32_M< ML]?E_-O;&T8.&%I@@)&*036ZJ,E#8Z]TQZC6$1RH6F+$L6+':CZ1(2F(#IJ% MXP,!/ZL=16W,T,0BF]<+$6@==?N:AB,B(B(B(B(B?PFQ>*]Y1>M73T]/6%RD MMPC&#$/G"X)%Q+>(&%6[J$I%Z@.YD60EOW[]NK^_QU*B:AU1+*J-?YMF5_FB M=P])G61RXG$4K$&&OC,B(B(B(B(B\O? *IXTIB00J=^F&4.J!&DC,314($]' MU3=JG,S<)8-IX#Q":-"LI"8'V96H&DEU'HF2545I(G;VP2N(^)'1+32W$!$1 M$1$1$?DGP' "V:$J&*ST$0K0+M B8LNPGL?'Q_U^GXI'%(OR[!XU5R4A@V , M_3MP%5G[E@9G@:BY9@^IEAY-.U]>7E VHH5&MQ 1$1$1$1'YYR#^PYJ"@7:! MYE U@=?7UTRZ&KO'YZH>I$91@VIR+(PKXN_0^"'-)X8Z"2%#:US0: :&%E&> M/+"9IS7^HEK$]OC[%?E;141$1$1$1.3;>'U]Q7 "!:.:-"P'@P<<3-B.CP;R M E_%+JE7(!0, U,L)6Q%#?N9- )(\VT<)7:/HU>O%GQ/HG!M04",&M2BRA&()!R71J*9U$/$5X^/C[106PL1$1$1$1&1'TDL]E]?7\GT M@<*09A@H YA8(#NDF43:6L2'Y1CMLQ7]_)V)G1JB(?XDOD66(*8&@\?;VAH*1 M24:J=D%B5MQ,:M2+6@"SBCAN%DB)(S;&45(SR5TRH@6&%DT!$1$1$1$1$?GQ M8(9!)I$T>WAX>!@F["!LYM/34RH>OW[]HH84*_#RJ)XC+R\O4:#6CVL)N4OB MT'WPC=B(VTA:AFAH(2(B(B(B(O(_AV@8Z!+5LN+Q\1'QH3=XB"U(')APQ+Y9 M&%.-^P.Q):KA2/ M#Y*E7FD%@5B!N-%();$E#JUD(2(B(B(B(B);^/CXP+@")X[]?D^.C]UG8N/^ M ,85E=CR^_=OOFWVPK@"%Q7L,8QE(2(B(B(B(B(70[ +I(ST$'EX>, 8X]'EYB<]] M@4EC7E]?V3<^]&V8-"^K/=TUATJB;1RH;V&MK6=87D1$1$1$1$3.(I;8^_W^ M5\?OW[]CS5Z7WJ^OKWP5V^N.]_?WM5A\?GAXB.WQ+?I E&?'J*$>-W:\*U#5 M\_-SJ@JQ]J]'3*),5-[L^_3T5)L1E;!O-B.)DASK9,]P(O4HT2WU++*V-=0N M1$1$1$1$1*XD%M>QNM_M=K$J?WQ\?#@0GV.I'AOCVBKL?QR$!)R.VQG,?\(+6%W/?IZ2GWC?)1IEH[]-I%?$!_J#+%'Q\K%N:8K0J:"PQH@ M2<&D:A>-?('D,M(&E(9:(PNEG7M(HT]GIZ>AO$NEDZ[ MB,:LR0ZH"NG @G81^]*>*E^J*.VMOJJI'9!FA(:AF1!@Z_4+K(- M-=[%XY%&@1$1$1$1$1&1BYEH%XV#QIIV0<(12J)1- 6&VL6P)1EE(C+IZ>GY^;E)KHIV46MHM(NJD]24(E$;;4M)H=TB MVD:;:Z+83#Y2U16U"Q$1$1$1$9$OI>9():UG+,PQ+2 /:9:<:!>D3QVF#EE6 M8G4BC! :@H.RI8;]7#KM8BGR151X?X!#-ZE+>^T"JO/(O&>0+V@2!^+?# <* M:AG MIZ>Z.Y)(T!PQMD?)NN_#P\/0DZ4>M)X%NL?)SHGCHHUDGS2V(LM!XJ"V87 , M$1$1$1$1$;F>CXZ3Q2;?GKMC%I@?]-P=)]_.ZURK:GX4A0L1$1$1$1$1$1$1 M$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1 M$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$?D9O+V]O1R)SQ\? M'_-BKZ^O[^_O?8'W$7UML658?'Q\>Z_(R5*54U[/?[V+?6%NO6V#@L%JO: MVKRH/X[2'#>*10VUV//S\[#".)&F0HB-^P/UVV@_Y[A&'I33C(;5.F/W85.; M17>4H:E-PZ+8[P/S1?JPAR&.A5Q ]P95S6#'V-AT792)[7'<_EA9S[ /.=GX M-CJ_J9">;Z0)KE&]S3CNT]-3JAS4.3\[$1$1$1$1^5_!NG6WV[&$C"5J_(U% M(DO+7'O&&C:+Q0J48K$.C2WQMRY18X',QH<"):.&+!G'C?IC8QPKBT7E'#=7 MRK%6C8U4&*O:V!Y'CUUB2Q2K:_#8SL:F0C;V2^^H;7<@3J39SKYT J><6U(* MX#2K=M$WE9[LFYJ'KMK"!)6 S[$4'1;+W>O:DR5J(PA$#:Q24T-@<5WED>5H&U K9"7;+(TQ;VBV ML\IN5N5982S;F_9@'=$H*NS2G-W0Y*#7+MC2&QOT34WM@J.G?'&6=M'T<-/X MN7;1M'--N^"JI8%$;PV2VD6CP_3:1?1AK^$LQTM9+QF=,Y1*%"Y$1$1$1$3^ MA["B;)2!GEAOQJIS6(ROZAIYJ%W$JG--NQA*#6@7N7;NU8.^PJ%VD>VIZDH0 MS:.1J!.-RT,>8KMVP6H]MC1K\V6DVZ2:@7B2J_ZSM(MH0 T$T4?M6-,N."GT M'/9:TR[H4@Q.AGI"RC5Y(ARNUR[6:NBA<^K9K47;$!$1$1$1D?\#+.$;FX1) ML6'H1=;@C3/%T&>D"@OI,T)@!*!8OIW'GV5M+=^H!^DS4H^;3BA54D!,8*'] M\O*R)LN$@/O<1)]:T"YQ9JO/(FG;! ME8T"41M';!K&>>%#5'681KO(FZ07=GK0+NK9!4,C$Q$1$1$1$?D_\'7:1:X] M6=(B*321/]-E(VEB=5Z@7=0*B ]I=,&R'8&B7QU_@W:Q'$Q??_./7U&\'=(FC:L M"0N]CP;:!184-)[U?:Q7*0+_+<&^TB3Z?1H)I[H&H72]%ALG!>T&'4D3Q6;>0DWH6(B(B( MB(C\#R$E*._*ZYHTMI-&A(VU6%UF9HZ2NH[NXUWDF_0J30SC7?2@2/PJR4F7 M@_Z0[[I\;JQ-+AKZI5%*M5AKM8BFK_J&* MTG K[6(IUA>-=I&!4&HO<:W[\*2UW]+ZHM$N\G+7=*C+,3]OTSEJ%R(B(B(B M(E+)Q34K^EA%QM]\$9_+TI0O8F,68S7:A,$\.N8 MK;4NS%EN-[$Z69N?#(:9LD.3<.0L[:)O:O9DT]1>NUB*]<5W:A?+9^N+W(@? M4-,,>KB:7O3:Q5)TF%^?I",&[@&L&R,+;T/15\L%J1-HI#8&-\VB_I8WC9!%S,DPI;5:!P%R8+C1AOZ MYL46OFHL0UB&Q^Z<)F7ZA+ TIN;K1-6I DX]3:PU&MUF8U.Q86BZ*+NN)AL= M,NSAANS>K(KZ^]-!HN&XG#L7J[&368KS2VI0=$*?4V;M1+"RR+RKV'4TMQ!U M#CF9$$=$1$1$1$1^-H0=V)*/6XX[W.7D<2')E9@HP(#$T"C P,# P,# P,# @-C4U,S4@9B * M,# P,# P,C$U-R P,# P,"!N( HP,# P,# R-S4P(# P,# P(&X@"C P,# P M,#(R,#(@,# P,# @;B *,# P,# P,3$V-" P,# P,"!N( HP,# P,# P,#$U M(# P,# P(&X@"C P,# P,#(T.# @,# P,# @;B *,# P,# P,C4W," P,# P M,"!N( HP,# P,# R,# V(# P,# P(&X@"C P,# P,#$T-C$@,# P,# @;B * M,# P,# P,3,R.2 P,# P,"!N( HP,# P,# R-C4Y(# P,# P(&X@"C P,# P M,#(X,#<@,# P,# @;B *,# P,# R.# V-R P,# P,"!N( ITF4@,30^/@HE:51E>'0M0V]R92TW+C(N- HE:51E>'0M<&1F A2%1-3"TT+C N- IS=&%R='AR968*,C@U.3 *)25%3T8* end TEXT-EXTRACT 2 filename2.txt April 7, 2025 Jean-Christophe Flatin Chief Executive Officer Oatly Group AB ngf rjekajen 8 211 19 Malm Sweden Re: Oatly Group AB Registration Statement on Form F-3 Filed on March 25, 2025 File No. 333-286101 Dear Jean-Christophe Flatin: We have conducted a limited review of your registration statement and have the following comment(s). Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe a comment applies to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your registration statement and the information you provide in response to this letter, we may have additional comments. Form F-3 filed March 25, 2025 Cover Page 1. Please revise your cover page to disclose that the American Depositary Shares you are registering for resale are issuable upon the conversion of the Convertible Senior PIK Notes. Refer to Item 501 of Regulation S-K. General 2. Please revise the registration statement to disclose the material terms of the Convertible Senior PIK Notes or provide a cross reference to the relevant disclosure in your annual report on Form 20-F filed March 13, 2025. 3. Please file the Subscription Agreement as an exhibit to the registration statement or tell us why you are not required to do so. April 7, 2025 Page 2 We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. Refer to Rules 460 and 461 regarding requests for acceleration. Please allow adequate time for us to review any amendment prior to the requested effective date of the registration statement. Please contact Bradley Ecker at 202-551-4985 or Evan Ewing at 202-551-5920 with any questions. Sincerely, Division of Corporation Finance Office of Manufacturing