Mr. Seamus McCarthy:

I think it is appendix E. If the Deputy looks at page 158, on 12 March 2014, the following is reconstructed from other notes and interviews:

Around 5pm on 12 March 2014, PIMCO advised NAMA that it had no option but to withdraw from the process. The fee arrangement was a serious issue for it and NAMA. PIMCO was unwilling to proceed in the absence of disclosures of interest it expected would have been made to NAMA, particularly given the quantum of the fee.