Mr. Paul Maloney:

To correct what I said earlier, according to paragraph 2.2, the executive advised that on Tuesday, 24 October Mr. McNamara had expressed his wish to pass some of his shareholding to a consortium led by Derek Quinlan. The minute states that the executive resisted this on the basis that no decision had been taken by the board.  In other words, Mr. McNamara asked me on the 24th whether he could bring in Derek Quinlan in advance of the bid but we refused the request on the grounds that the board had not discussed it.