Mr. Brian Rowntree:

I do not think the values were critical in this because what was being looked at was the opportunity. The report was about looking forward, not about looking back. The report looked at the identification of potential and looking at how value could be added to Northern Ireland's balance sheet in developing out these opportunities. There was significant investment by NAMA and other banks in looking at moving forward the landbank, the opportunity sites and the void properties. Suddenly, we had a change of direction which was to really have a fire sale of the loan book, as opposed to a working out arrangements on the opportunity sites.