Mr. Peter Hendrick:

It must be understood that at the moment in time when shareholders are making that investment, they put an assessment on the risk. It is a risk over the 25 years. If that risk does not materialise - and we certainly have de-risked it through our connections, our build of the network connections of homes and ultimately the revenue we generate - there is a clawback on any outperformance of the shareholder returns. That goes back to the Minister.