Dr. Ruaidhrí Neavyn:

In the first instance, I confirm that we have issued proceedings to the High Court for reimbursement of expenses by the former president. I will give a brief summary of what occurred. In the first instance, the Deloitte one report was to provide an overall view of expenditure in the office of the president in terms of whether there were categories of expenditure in breach of policies and procedure and to identify issues such as of value for money achieved in that respect. A second more detailed study was done in the Deloitte two report specifically looking at a more defined time period in absolute detail in respect of all the invoices and expenditure covering that period. From that study, specific categories of expenditure were identified as having the potential to provide direct benefit to the former president. We consulted widely in regard to that with Deloitte, our legal advisers, the governing body and the audit committee and the view was taken that we needed to perform a full review within the statute of limitations time period, defined as the six year limit, for all expenditure in the office of the president under the headings that were identified in the Deloitte two report as being areas where there could be potential benefit for the president. We compiled that report in that detail and it was forwarded to the former president to seek information and points of clarity from him in the first instance but we received no further points of clarity in return.