Mr. Brendan McDonagh:

There is an Irish commercial real estate portfolio, which is around €9.5 billion. There is a UK commercial real estate book, which is about €7.5 billion. That makes up the sum total of the book. That is all the information we have. That is the type of information we got in 2009 before NAMA was set up. The reality is that that information tells one nothing. It is when one actually gets under the bonnet-----