Mr. Brian Conlan:

My first comment is that this is the first I have seen of any of this. On the correspondence, which I only became aware of last night in the media, my only comment at this stage is that the only information that I was aware of in relation to Mr. Kiely's retirement package was the €200,000 tax free that he reported to the PAC in December. I was not aware of any of the additional payments sanctioned. I was not at any board meeting that signed off this agreement and I was not part of any confidentiality agreement that was signed. I am coming to this having seen this for the first time today.