Mr. Brian Rowntree:

I would not have made that statement on "Spotlight" if I had not affirmed that I was in a room where I had discussions around commercially sensitive information. I would not have gone public by stating that on a BBC "Spotlight" programme. This refers to a piece of work which was evidence based work undertaken by a university doing land assembly analysis. Before it would even undertake or engage with NAMA it had a series of caveats around confidentiality of the information. These were explained to the committee. If this is not commercially sensitive I do not know what is. This data was not only location and type of properties, this data also had the details of planning permissions which were current, about to expire and the potential for renewal. It also had details of housing and residential needs overlaid on top of it. It also had details in consolidated form of holdings by other banks. One would have got a picture of the complete landbank available in Northern Ireland and one would have looked at the opportunity locations within this portfolio.