Mr. Paul Maloney:

In our internal system, where we had our own RICS valuers and the serpentine programme, we ran a programme using various parameters - I have the evidence - which ran at between €198 million and €350 million. I cannot comment on the two specific figures because my recollection is not there, but the CBRE figure was absolutely correct in 2005. Professional, nationally certified surveyors extended the parameters for us and we produced these for the board. I was absolutely satisfied I had valuations up to €375 million.