Mr. Brendan McDonagh:

I do not have the benefit of having the transcript of Mr. Long's evidence. I think this has been outlined by the Chairman. Mr. Long can say what he wants to say. Both he and Lazard were aware that PIMCO was involved in in discussions with us in the autumn of 2013. There is no dispute about this. The issue that has arisen, as I understand it, is with PIMCO's letter. I do not have the transcript in front of me, but I am trying to surmise the issue was PIMCO stating in the letter that it had been engaged a year earlier. That is something of which we and Lazard were not aware.