Mr. Frank Daly:

----- I think it was April 2013, it was introduced to him by Brown Rudnick. I take that statement at face value and the subsequent one that he arranged a meeting in Stormont with Peter Robinson and some others with PIMCO - that is corroborated by Peter Robinson's evidence to the Northern Ireland finance committee - and then there are two other subsequent statements about discussion of success fees and that. So if I take all of that from PIMCO at face value. The issue I have with PIMCO is that it did not tell us. Yes, it is an allegation that he was involved in this, which was wrong and which I believe was absolutely in breach of his responsibilities towards the Northern Ireland committee and NAMA. I believe was a clear conflict of interest if it happened and I believe should have been declared, and was and is reportable.