Mr. Declan Reid:

I would not have been aware of the detail of the engagement of Lazard by NAMA at the time in terms of what their mandate was and the advice they had been requested to provide to NAMA so I would not have been in a position to comment on that. I would have been aware that they would have engaged advisers so I do not think there would have been a need for me to recommend that they engage advisers. However, I would not have been aware of the detail and the mandate they would have provided-----