Mr. John Moran:

We are engaged in an ongoing exercise of reviewing the current situation in regard to NAMA. It is a little early to make predictions and we are awaiting a report from the board, but we are doing our own review. The stabilisation of the market that we have seen in the past year or so has happened much faster than was foreseen and is at the high end of any expectation we had. That has opened up different opportunities in respect of how we look at NAMA. However, I would like to have the views of the board before saying anything definitive in that regard.