Mr. Seamus McCarthy:

Yes. If the Chairman looks there, he will see that baseline net present value at 5.5% at £1.381 billion. Scenario 1, net cash, discounted at 5.5% is £1.29 billion, while scenario 2 is net cash at £1.236 billion. When those scenarios are considered, we are effectively looking at somewhere between £1.2 billion and £1.3 billion. That was our interpretation of what the board minute was referring.