Statement of Sean Quinn


Relating to impending redundancies in QUINN-Insurance

Both myself and my family are devastated with today’s announcement of impending redundancies at QUINN-Insurance. I would like to sincerely express my appreciation of the huge effort that you all made in making QUINN-Insurance the great success that it has been and I greatly regret what has happened in recent weeks. I would also like to personally thank all the staff and the very loyal customer base who have shown their overwhelming support as well as the thousands of people across the Country who have shown their support in various ways.

At the Group Board meeting this week we decided that given the developing situation it was in the best interest of QUINN-Insurance that we would offer it for sale so as to protect the business and maintain the maximum number of jobs within it. I just hope that in time the Company will return to the dynamic business it was up until the 30th March and that employment levels will increase again in the future. Our thoughts are with all of the staff today.

Sean

30 Apr 2010

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