Mr. Jeremy Masding:

In share value for the IPO was issued at €4.50. Let us say today's price is €2.70. I have not looked at the figure since I have been in this meeting but a price of €2.70 would be quite a deterioration. Most of the decrease is due to factors that are outside our control. All bank stocks have fallen due to a combination of factors that I mentioned to the Senator's colleague earlier. There are sustainable long-term interest rates, regulatory intervention and geo-political volatility. Within what we can control one can note that the price has risen significantly in recent weeks. As we delivered a profit we have deleveraged CHL. I am confident that within what we can control, investors will continue to support us.