Mr. Stephen Curtis:

We were asked what kind of response we get in relation to the vulture funds. It is fair to say they are not geniuses. They do not come in with some phenomenal offering that the banks consider to be far better than anyone else can offer. One of the successes of iCare is that we were able to put together a package and a proposition that made sense commercially. There is a template and a roadmap in place and we can go to every bank in the country and say we can do what it wants from the vulture funds, which is simply to move this on and to get some money for it but we can do it in a way that leaves people in their homes, that gives them security about where they are going to go and gives them certainty for the decades to come. Apart from the practical success of iCare, its success has been to show that vulture funds are not the only show in town and they are not. The welcome they got previously was possibly because they were seen as the only show in town and it is important that that has changed.