Mr. Frank Daly:

We did not plough ahead. We went ahead after considering whether we were still getting the best price that was obtainable for the portfolio and whether there was still competitive tension. There were still two bidders in there - seven of them had dropped out. There was not huge interest, by the way, in this portfolio, I must say. I think almost any company that would have had the scale to deal with this and the financial backing to actually deliver on it was invited in. Of the nine who came into the process, most backed out. This was not something that a whole lot of people were interested in.