Banter and general comments, page-35

Hi - mmm that’s a difficult one as we are all expecting it to drop on the basis that the B offer is providing some floor. But with the results and strength of the market it’s really a guess. It really shouldn’t drop too much if B simply walks away but it’s all about scenarios now. If we get to an independent experts report that doesn’t show significant support then there might be a vote against and in that event the bid fails. It will take a strong outsider to come in and take it on against the current market. But then it’s up to Calabria to show his mettle and a direction for the company which could see separating retail from the rest. It’s all a gamble really. I sold 100,00 last fin year to split tax impact and hedge bets so now just waiting for the next dance.