Ms Dee Forbes:

A lot of work was done at the time on what would be the optimal solution. The advice at the time was pretty clear that a sale would generate the best return. As the Deputy probably knows, it did generate a large amount of cash and the money has since been put to various uses. We had advisers working with us on this decision to ensure that this was not just a one-option only situation. We looked at various options, and this was deemed to be the best one at the time, given the market was particularly buoyant as well then. That is how that happened.