Ms Emma Jane Joyce:

Yes. Global direct equity holdings are valued at €36 million. This would represent less than 0.5% of the total assets. In addition to that, we also have short-term debt holdings. These are short-term loans of three to five years which amount to €252 million. Accordingly, we have total direct exposure in the global portfolio of €288 million, the bulk of which is debt.

As Mr. Kieran Bristow explained, more than half of our global investments are through pooled funds. Accordingly, we have exposure to approximately €3.5 billion of pooled funds which, in turn, have some exposure to fossil fuel companies. The exposure is small in the context of the global investments. It is about €30 million.