Extract Of Letter to The Taoiseach

Dear Taoiseach, As long serving employees of the Quinn Group, we are familiar with all parts of the business and wish to outline, specifically to you, what we believe to be the precarious position in which the Group currently finds itself. Based on the presentation last week announcing the 2012 results we are convinced that some members of the board recognise that their time is limited and to put it bluntly that the company is destined for failure. The 2012 results were designed to keep the financiers happy in the short-term. The results presented concentrate on an improved cash position but without stating where the cash came from. We believe this cash is as a result of a reduction in stocks, reduction in spare parts, no plant maintenance, asset sales and no replenishment of raw materials. The very basis for the previous success of the group.