Mr. Paul Maloney:

In paragraph 1 of the board paper of 2 November it is stated that a bid was tendered for €411 million and this was accepted.  To the best of my recollection, in being informed that it was successful I would have either met Mr. McNamara or he would have informed about the bid.  As he was the bidder, he was not under our heading.  I am fairly certain that within a day or so he rang back to say that he wanted to mitigate his risk by bringing in a third partner, Mr. Derek Quinlan, and we immediately informed the board about this.