Mr. Brendan McDonagh:

Yes, the Housing Agency reverted to NAMA. For example, as one can see from the map on the screen, 39 properties in Meath were taken up. I do not know how many we offered in Meath. If we offered 100 there, the Housing Agency may have come back to say it would take 39, including ten in Navan, five in Trim and five in Kells or whatever part of Meath it may be. NAMA may have had another 20 units in Navan that the Housing Agency did not want. We accepted such decisions. The owner of such properties probably rented the units on the private market or put them up for sale. We now have approximately 1,500 properties in our portfolio which we have yet to sell. However, approximately 190 are vacant. Approximately 90 are in the process of being sold and will soon have new occupants. The other 90 properties cannot be occupied because they have remediation and fire issues.