Mr. Martin McGuinness:

From our perspective, given the scale of what was happening, it was hard to contemplate how many entities would have been interested in taking on such a substantial portfolio. It was not decided by the Northern Executive but principally by NAMA that the portfolio was going on the public market, it was then really a matter of who was going to express an interest. Therefore, we were very much beholden to NAMA in regard to whatever decisions it made. We did not conduct the sale; it was conducted by NAMA.