Mr. Patrick Long:

We suggested which firms should be invited to participate in the sale process. It was perfectly right and proper that NAMA should have had some input into the tiering of investors and the sequence in which they were approached because NAMA had many dealings with these investors itself. At one stage, NAMA was one of the larger property owners in the world. My understanding is that many investors came through its door on a daily basis. We applied our professional judgment to that selection and it is quite right and proper that NAMA should have had an input as well.