Mr. Brendan McDonagh:

I don't have those figures with me because I left the NTMA in 2009 to go to NAMA but I think if you look at equity markets since 2009, the ... I mean, the Dow Jones is up, what is it? 18,000? It probably would have been down around 13,000 or 12,000 or 13,000 at that stage. So, that's about a 50% return.