Our Brands

Tolsen Webbing Sling 2T x 5m 62273

€12.97 Ex. VAT

Footprint Guarded 1'' Scutch Chisel 579

€19.47 Ex. VAT

Footprint Masons Brick Chisel 1234

€12.15 Ex. VAT

Festool Suction adapter AV-BHC/KHC

€40.61 Ex. VAT

Fiskars Servo-System Grass Shear 1000589

€28.41 Ex. VAT

Hikoki WR36DEJRZ 36V MultiVolt Compact 1/2’’ Dr. Impact Wrench (2x2.5Ah)

€430.85 Ex. VAT

Metabo FSB 36-18 LTX BL 40 (2x18V) Bike Handle Cordless Brushcutter Kit (2x4Ah)

€406.46 Ex. VAT

Leather Craft LC 3006 Open Level Holder

€12.97 Ex. VAT

Robert Sorby 765/S19 3/4 Stem X 4.1/2" L765/S19

€14.59 Ex. VAT

Robert Sorby Sovereign 16" System SOV 16S

€81.26 Ex. VAT

Robert Sorby 888 Aluminium Handle B888

€26.79 Ex. VAT

Robert Sorby 974 Double Ended Calipers 4" H974000

€23.54 Ex. VAT

Stiga VS100E 20V Cordless Blower Vacuum Kit (2x4Ah)

€292.64 Ex. VAT

Sip Fireball 1822 Infrared Diesel / Paraffin Heater 100,000BTU 09312

€934.92 Ex. VAT

Knipex 00 19 57 V01 4 Piece Circlip Plier Set In Tool Roll

€101.59 Ex. VAT

Protool 500CC Grease Gun With Flexible Nozzle PTGG500

€16.22 Ex. VAT

Draper 20979 600W 89mm Mini Plunge Saw 230V

€81.26 Ex. VAT

Snickers 1200 1604 Allroundwork Softshell Jacket - Chilli Red/Black

€125.97 Ex. VAT

Trend Panel veining 4.8mm radius C141X1/4TC

€30.04 Ex. VAT

Stanley 0-20-108 Fatmax 5-in-1 Hacksaw 300mm

€37.36 Ex. VAT

Stanley 1-93-951 Open Tote Tool Bag 18" Water Proof Base

€60.12 Ex. VAT

Toptul Impact Extension bar 1"Drive x 7"

€41.42 Ex. VAT

Toptul 1" Dr Socket Set 14Pce (metric)

€569.07 Ex. VAT

Toptul 1/4"Dr Socket set deep/reg 24Pc metric

€55.24 Ex. VAT

Toptul 1/2" Drive ratchet handle 72 tooth

€35.73 Ex. VAT

Toptul 1/4" Drive Universal Joint 39mm

€8.09 Ex. VAT

Toptul H/D Diagonal Cutters 7"/175mm

€18.66 Ex. VAT

Stihl HLA 66 50cm Cordless Long Reach Hedge Trimmer - Bare Unit

€421.95 Ex. VAT

Stihl Rollomatic E Mini Chainsaw Guide Bar - 14'' (35cm)

€32.48 Ex. VAT

Bosch GBH 18V-26 F 18V Brushless 3 Mode SDS-Plus Drill (Bare Unit)

€308.90 Ex. VAT

Bosch GWS 18V-LI 18V 115mm Angle Grinder in L Boxx (Bare Unit)

€162.56 Ex. VAT

Knipex 99 14 300 SB High Leverage Concreters' Nipper

€30.85 Ex. VAT

CK MightyRod 3pc Super Kit Accessory Pack T5441

€39.80 Ex. VAT

Dargan 10inch Tinsnips with Spring

€15.41 Ex. VAT

Dargan 10inch Waterpump Pliers

€15.41 Ex. VAT

Dargan 30pce Impact Screwdriver Bit Set

€20.28 Ex. VAT

Dargan 6in Adjustable Wrench

€10.53 Ex. VAT

Dargan 7inch Gauging Trowel Durasoft Handle

€7.28 Ex. VAT

Dargan 7pce Torque Bit Set

€7.27 Ex. VAT

Dargan 9pce Bit Set & Holder

€5.65 Ex. VAT

Dargan Philips No. 2 Professional Screwdriver

€4.84 Ex. VAT

Knipex 08 22 145 T BK Tethered Needle-Nose Combination Pliers

€34.92 Ex. VAT

Knipex 49 11 A0 SB Precision External Circlip Pliers

€23.54 Ex. VAT

Knipex 00 20 72 V01 Mini pliers set in belt tool pouch 2 Piece

€86.95 Ex. VAT

Knipex 14 22 160 SB Multi-component Grip Diagonal Insulation Stripper

€38.98 Ex. VAT

Portwest CT45 - CT HR Nitrile Foam - Grey/Black

€8.90 Ex. VAT

Festool 577988 TSC 55 KSEB-Basic Cordless Plunge-Cut Saw (Bare Unit)

€528.41 Ex. VAT

Estwing Black Eagle Double Bit Axe EDBA

€81.26 Ex. VAT

Tolsen 10pcs Reciprocating Saw Blade Set 76830

€12.15 Ex. VAT

Tolsen 2 in 1 Quick Change Screwdriver set 20042

€3.21 Ex. VAT

Tolsen 5pcs Jigsaw Blades Set T144D 76802

€4.02 Ex. VAT

Tolsen SDS-plus hammer drill bits 8*210mm 75344

€4.02 Ex. VAT

Hilka 10 pce Mounted Stone Set 68800010

€8.09 Ex. VAT

Tolsen Mini Combination Pliers 115MM 10350

€3.21 Ex. VAT

Tolsen Mini Round Nose Pliers 115MM 10355

€3.21 Ex. VAT

Tolsen 14pcs Combination Spanner Set 6-32mm 15889

€48.74 Ex. VAT

Tolsen Go-Through Screwdriver 1.2x6.5x100Mm 20114

€3.21 Ex. VAT

Tolsen Webbing Sling 5T x 6m 62287

€40.61 Ex. VAT

Tolsen Webbing Sling 6T x 6m 62291

€48.74 Ex. VAT

Portwest PW30 - Visitor Safety Spectacles - Clear

€4.87 Ex. VAT

Easiplumb Replacement WC Flush Valve Button (Siamp-Dual Flush Optima 49 Valve)(SIA49FB)

€14.59 Ex. VAT

LED Lenser HF4R WORK Rechargeable Head Torch

€40.61 Ex. VAT

LED Lenser 502736 W6R WORK Rechargeable Rotating Inspection Light

€69.07 Ex. VAT

Stealth Mounts 6 Pack Black Bench Belts (32 x 7mm) BB-BLK-6

€11.34 Ex. VAT

Estwing E24S Hammer Straight Claw Smooth Face 24oz - English Pattern - Leather Grip

€54.43 Ex. VAT

Festool 577799 EB-M-L3/12 Ear plugs for GHS 25 (12 Pack)

€14.59 Ex. VAT

Festool 577798 EB-B-L2/12 Ear plugs for GHS 25 (12 Pack)

€14.59 Ex. VAT

Robert Sorby 843H Spindle Roughing Gouge HSS 3/4" B843193

€73.13 Ex. VAT

Bahco Metallic Tool Box with 5 Compartments and Locking Capability 3149-OR

€40.61 Ex. VAT

Bosch GKS 18V-57-2 165mm Brushless Circular Saw in L-Boxx (2x5ah)

€422.72 Ex. VAT

Dewalt DWHT11726 Spare snap-off blade 25mm (3 pack)

€6.46 Ex. VAT

Sip TEMPEST PH600/140 T4 Hot Water Pressure Washer

€2,699.15 Ex. VAT

Shipped Directly From SIP Please allow 10 Days for Delivery

Wera 05004456001 Kraftform Kompakt VDE 65 iS PZ SB (PZ 2X154)

€10.53 Ex. VAT

Festool 577173 SB-KSC Chip Collection Bag

€43.86 Ex. VAT

Bondhus BLX9MCG ColourGuard BallEnd Hex Key 9pcs Metric Set 1.5mm-10mm

€21.10 Ex. VAT

Knipex 00 19 55 S8 Cobra® Set 3 Piece

€100.77 Ex. VAT

Smart ST90DB1 Starlock 90Mm Diamond Blade

€27.60 Ex. VAT

Starrett 50B Trammel Head

€75.57 Ex. VAT

Trend Two flute Cutter 12mm diameter C171X1/4TC

€24.35 Ex. VAT

Trend Two Flute Cutter 9mm diameter C012BX1/4TC

€17.03 Ex. VAT

Toptul Impact Adaptor 3/4" Female x 1" Male

€20.28 Ex. VAT

Toptul 1/4" Ratchet handle repair kit for CHAG0813

€8.90 Ex. VAT

Stihl FSE52 Electric 500w Grass Trimmer Loop Handle

€121.91 Ex. VAT

Knipex 83 61 015 Pipe Wrench S-Type 420mm

€79.63 Ex. VAT

Knipex 87 02 300 T BK Tethered Cobra® Hightech Water Pump Pliers

€54.43 Ex. VAT

Festool 204202 Wet Filter NF-CT MINI/MIDI-2/CT15

€21.91 Ex. VAT

CK Magma Drill Holster MA2737

€16.22 Ex. VAT

CK Magma Technician's Tote MA2633

€52.80 Ex. VAT

CK Magma Belt Conversion Kit MA2730

€5.65 Ex. VAT

Dargan 6inch Long Nose Pliers

€12.15 Ex. VAT

Dargan 9pce Ball Allen Key Set

€14.59 Ex. VAT

Dargan Auto Retractable Safety Knife

€7.28 Ex. VAT

Dargan Gel Kneepads

€12.97 Ex. VAT

Dargan Quick Change Bit Holder

€4.84 Ex. VAT

Knipex 00 21 08 LE "LightPack" Tool Bag

€162.56 Ex. VAT

Knipex 42 44 280 Welding Grip Pliers

€38.98 Ex. VAT

Makita BN001GZ 40V XGT Brushless Framing Clipped-Head Nailer (Bare Unit)

€495.89 Ex. VAT

Tolsen 13Pcs Ball End Imperiel Long Arm Hex Key Set 20090

€9.72 Ex. VAT

Tolsen Insulated bent nose pliers 160MM,6" V16026

€15.41 Ex. VAT

TriDri Women's TriDri® Performance T-shirt - Navy

€8.09 Ex. VAT

* Shipped Direct 4-5 Day Delivery Time *

Wera 05020350001 6007 Joker SB Ring Ratchet Spanner - 8mm

€32.48 Ex. VAT

Snickers 9214 Cotton Socks, 3-Pack

€12.19 Ex. VAT

Bahco Fit VDE Insulated Plus-Minus/Pozidriv-Tip Screwdriver Set B220.012

€16.22 Ex. VAT

Tolsen 75mm Swivel caster with brake 62910

€4.84 Ex. VAT

Tolsen Extension Bar 1/4" x 100mm 15122

€1.99 Ex. VAT

Tolsen 1/2" Impact Extension Bar 5" / 125mm 18286

€4.02 Ex. VAT

Tolsen Chisel Set Wood 3 pc Plastic Handle 13-19-25mm 25380

€9.72 Ex. VAT

Footprint 1.5'' Scutch Combs (5Pack) 5782B

€8.54 Ex. VAT

Footprint Guarded Masons Brick Chisel 1235

€16.22 Ex. VAT

Easiplumb (Pack 5) 1 1/2" Inlet Trap Washers

€4.02 Ex. VAT

Easiplumb 1 1/2" x 40mm Female Threaded Adaptor

€4.02 Ex. VAT

Rotabroach SITEH3RO 5 Piece Car Reamer Metric Kit

€365.81 Ex. VAT

Protool 36" / 900mm Pry Bar PT4651036

€24.35 Ex. VAT

Toughbuilt Carpet Knife TB-H4-11-CK

€13.78 Ex. VAT

Knipex 16 50 145 E01 Spare blade with glide shoe for 16 50 14

€27.60 Ex. VAT

Wera 05075810001 7510 Kraftform Safe-Torque Speed Torque screwdriver (1-3 Nm)

€85.33 Ex. VAT

Veto Pro Pac MP1X Compact Fabric & Leather Tool Pouch AX3661

€101.58 Ex. VAT

Bora Speedhorse Sawhorse Trestle Pack of 2 - BR-PM-4500

€186.95 Ex. VAT

Steinel HG 2120 E Folding box

€162.56 Ex. VAT

Hozelock 2292 8 Hose Nozzle and Waterstop Connector 12.5 - 15mm

€10.52 Ex. VAT

Hilka 6" Wall Scraper with 5 Blades 78306005

€12.15 Ex. VAT

Robert Sorby Midi Multi Tip Hollowing RS100KT

€81.26 Ex. VAT

Robert Sorby Deluxe Wall Tool Rack 6 Tools LRACK6

€38.98 Ex. VAT

Robert Sorby Turnmaster HSS Unhandled + 3 Cutters RSTM ST123

€117.85 Ex. VAT

Robert Sorby 823 Square Scraper HSS (19mm - 25mm)

€44.67 - €52.80 Ex. VAT

Bahco 22'' Prize Cut Universal Handsaw 7/8 TPI

€16.22 Ex. VAT

Pica VISOR Permanent Marker - Green

€9.72 Ex. VAT

Dewalt DWHT55518 304mm Flat Bar

€22.72 Ex. VAT

Sip RS4.0-10-200BD/RD 200ltr Rotary Screw Compressor with Dryer

€4,365.81 Ex. VAT

Shipped Directly From SIP Please allow 10 Days for Delivery

Draper 15L Professional Mop Bucket 24836

€28.41 Ex. VAT

Rotabroach Aluminium Cermet Blade 355mm x 25.4mm x 80T RAPB355AL

€48.74 Ex. VAT

Milwaukee Bi-Metal Universal Jigsaw Blade T318BF (5 Pack)

€9.72 Ex. VAT

Bahco BE9882SL ERGO Slim VDE Insulated Slotted & Pozidriv Screwdriver Set 5 Piece

€32.48 Ex. VAT

Snickers 8004 5800 AllroundWork 37.5 Fleece Jacket - Steel Grey

€104.02 Ex. VAT

Trend Pro Two flute Cutter 6mm diameter 3/24X1/2TC

€43.05 Ex. VAT

Stanley 1-97-518 Fatmax Professional Deep Organiser - Deep

€32.48 Ex. VAT

Toptul 1/2" Dr Deep Impact Wheel Nut Socket Set 3pc

€36.54 Ex. VAT

Toptul 1/4" Drive stubby ratchet 45 tooth

€20.28 Ex. VAT

Toptul 3/4" Drive Extension Bar Satin chrome (4"-16")

€11.34 - €24.35 Ex. VAT

Toptul 1/4" Drive ratchet handle 36 tooth

€17.03 Ex. VAT

Toptul 3/8" Drive Power bar 15"/375mm

€25.98 Ex. VAT

Stihl MS 291 C-BE 20" Bar Chainsaw

€722.76 €707.27 Ex. VAT

Stihl HSA 26 Cordless Shrub Shears Kit

€160.12 Ex. VAT

Autoglym Leather Care Balm 500ml Clean Restore Vehicle Leather Interior

€13.78 Ex. VAT

CK DextroVDE Slim Screwdriver Set/5 PZ/SL T49283D

€61.75 Ex. VAT

CK Magma Technician's PRO Wheeled Case MA2652

€183.70 Ex. VAT

CK MightyRod 7pc Standard Kit Accessory Pack T5440

€19.47 Ex. VAT

Dargan 8pce Folding Allen Key Se

€9.71 Ex. VAT

Dargan Junior Hacksaw Blades

€4.84 Ex. VAT

Knipex 48 11 J1 SB Precision Internal Circlip Pliers

€20.28 Ex. VAT

Knipex 49 11 A1 SB Precision External Circlip Pliers

€21.91 Ex. VAT

Knipex 12 52 195 SB PreciStrip16 Automatic Insulation Stripper

€98.33 Ex. VAT

Knipex 26 22 200 SB Snipe Nose Side Cutting Pliers

€30.85 Ex. VAT

Estwing 19oz Black Ultra Framing Hammer Smooth EB/19S

€73.13 Ex. VAT

Hikoki DV18DE Combi-drill 18V Li-Ion Brushless 70Nm (Bare Unit)

€121.91 Ex. VAT

Tolsen 5pcs Sanding sheet 125mm 40 grit 77231

€4.02 Ex. VAT

Tolsen Aluminium Rivet 4*10MM 5/32"*3/8" 43009

€2.85 Ex. VAT

Tolsen Aluminium Rivet 4*12.7MM 5/32"*1/2" 43010

€2.85 Ex. VAT

Tolsen Fixed caster 150mm/6" 62934

€16.22 Ex. VAT

Tolsen SDS-plus hammer drill bits 8*160mm 75324

€3.21 Ex. VAT

Asquith & Fox AQ020 Women's Classic Fit Polo - Black

€12.97 Ex. VAT

* Shipped Direct 4-5 Day Delivery Time *

Wera 05020352001 6007 Joker SB Ring Ratchet Spanner - 13mm

€36.54 Ex. VAT

Portwest PK40 Glove Clip A001 - Black

€4.06 €3.66 Ex. VAT

Cramer 48C 48V Single Charger

€58.54 Ex. VAT

Tolsen 150mm Fixed caster 62944

€15.41 Ex. VAT

Mascot 22581-983-75 Long-sleeved T-Shirt - Grey

€19.47 Ex. VAT

Tolsen Plier Circlip Set 4 pc 180mm 10097

€16.22 Ex. VAT

Tolsen Plier Circlip Straight External 235mm 10088

€5.65 Ex. VAT

Tolsen Plier Combination 160mm 10000

€4.84 Ex. VAT

Tolsen Tower Pincer 200mm 10039

€5.65 Ex. VAT

Tolsen Screwdriver Cr-v Slotted: 5.5x100 20003

€1.59 Ex. VAT

Tolsen Aluminum Level 100mm x 18mm x 3M 41084

€32.48 Ex. VAT

Tolsen VDE Diagonal Cutter 180mm V16037

€16.22 Ex. VAT

Portwest FP46 Coiled Tool Lanyard - Green

€13.81 Ex. VAT

Knipex 09 02 240 Combination Pliers 240 mm

€52.80 Ex. VAT

Cramer 82PC300 82V Power Cutter 300 (Bare Unit)

€583.74 Ex. VAT

Stealth Mounts 6 Pack Red Bench Belts XL (64 x 9mm) BB-XL-RED-6

€12.15 Ex. VAT

Knipex 08 22 185 Needle-Nose Combination Pliers

€32.48 Ex. VAT

Estwing E3-24BLC Brick Hammer Smooth Face 24 oz

€56.06 Ex. VAT

Robert Sorby Tool Rest Adjustment Collar 19 (3/4") LRSTRAC19

€28.41 Ex. VAT

Sip NB7.5/270 Silenced Piston Compressor

€3,227.60 Ex. VAT

Shipped Directly From SIP Please allow 10 Days for Delivery

Sip FIREBALL P1645S Professional Space Heater

€1,008.09 Ex. VAT

Shipped Directly From SIP Please allow 10 Days for Delivery

Wera 05004432001 Kraftform Kompakt VDE 67 i TORX® SB (TX 15X154)

€8.09 Ex. VAT

Knipex 00 20 90 V01 Extension Set Electro 1

€227.60 Ex. VAT

Knipex 95 71 445 Wire Rope and ACSR-Cable Cutter With Plastic Grips 445mm

€235.73 Ex. VAT

Knipex 71 82 950 Concrete Mesh Cutter With Multi-Component Grips 950mm

€150.37 Ex. VAT

Dargan Polypropylene Builders Line 350ft - Yellow

€4.84 Ex. VAT

Trend VJS/CG/50 50in Varijig Clamp Guide

€60.12 Ex. VAT

Draper Mega Mitre Box, 325 x 180 x 60mm

€9.72 Ex. VAT

Trend Craft saw blade 250mm x 80 teeth x 30mm CSB/25080

€43.86 Ex. VAT

Snickers 8004 5600 AllroundWork 37.5 Fleece Jacket - True Blue

€104.02 Ex. VAT

Trend Pro Two flute Cutter 6mm diameter 3/24X1/4TC

€30.04 Ex. VAT

Trend Template profile 15.9mm diameter C121CX1/4TC

€44.67 Ex. VAT

Stanley 0-GR25 Dualmelt Mini Trigger Glue Gun - Heavy Duty

€16.22 Ex. VAT

Stanley STHT0-16139 Double Edge Laminate Trimmer

€15.41 Ex. VAT

Toptul 1/2" Drive power bar repair kit for CFBC1624

€14.59 Ex. VAT

Stihl Pro High-Tech Cruciform Trimmer line (3.0mm x 45m)

€29.26 Ex. VAT

Autoglym Bumper Trim Gel BTG325 Protection Car Detailing Valeting 325ml Single

€8.09 Ex. VAT

CK Steel Claw Hammer High Visibility 20oz T4229 20

€22.72 Ex. VAT

CK Pruning Knife G9066

€17.03 Ex. VAT

Dargan 2 1/4inch Bolster with Rubber Guard

€8.90 Ex. VAT

Dargan 42pc Impact Bit Set

€17.85 Ex. VAT

Dargan 6inch Carpenters Speed Square

€17.03 Ex. VAT

Dargan Posi No. 2 Professional Screwdriver

€4.84 Ex. VAT

Knipex 00 50 04 T BK Tethering System Set 00 50 04 T BK

€57.68 Ex. VAT

Tolsen 2pcs Reciprocating Saw Blades set 228*1*19*18T 76829

€4.84 Ex. VAT

Tolsen Aluminium Rivet 3.2*6.4MM 1/8"*1/4" 43007

€2.85 Ex. VAT

Tolsen Flat wood bits 8mm 75632

€4.84 Ex. VAT

Tolsen Spirit level 120CM/48" 35236

€20.28 Ex. VAT

Tolsen Spirit level 200CM/80" 35239

€32.48 Ex. VAT

Tolsen 75mm Fixed caster 62920

€3.21 Ex. VAT

Tolsen Plier Combination 180mm 10001

€5.65 Ex. VAT

Tolsen Screwdriver Stubby Ph1*38mm 20133

€1.59 Ex. VAT

Tolsen Aluminum Steel Angle Square 300mm 35039

€7.28 Ex. VAT

Tolsen Steel Files 8" Triangular 32013

€4.84 Ex. VAT

Tolsen Vernier Caliper 150mm Metric/Inch Carbon Steel 35049

€24.35 Ex. VAT

Tolsen 3pcs Magnetic Nut Socket 7mm 77842

€5.65 Ex. VAT

Tolsen Webbing Sling 2T x 3m 62271

€9.72 Ex. VAT

Footprint Guarded 1.5'' Scutch Chisel 579

€21.10 Ex. VAT

Easiplumb Roll of PTFE Tape for Gas

€3.21 Ex. VAT

Dewalt DCN930P2T 18V New Generation Framing Nailer (2x5AH)

€569.07 Ex. VAT

Stihl FSA 57 36V Compact Cordless Grass Trimmer Kit (2 x AK10 Battery & Charger)

€365.81 Ex. VAT

Bahco Chisel Set with Polypropylene Handle - 3 Pcs/Cardboard Box 414-S3-EUR

€30.04 Ex. VAT

Robert Sorby Turnmaster Handled HSS + 3 HSS Cutters RSTM HT123

€125.98 Ex. VAT

Robert Sorby 809H Oval Skew HSS (19mm - 32mm)

€60.93 - €85.33 Ex. VAT

Dargan Garden 4in1 Multi Tool Strimmer / Saw / Hedge / Brush Cutter

€243.09 Ex. VAT

Pica -Gel Signalmarker Blue Gel Marker

€9.72 Ex. VAT

Pica -BIG Dry 12 Leads (Stonemason)

€13.78 Ex. VAT

Stihl AL 301 Rapid Battery Charger 230V

€138.17 €113.82 Ex. VAT

Knipex 72 21 160 Diagonal Cutter For Plastics - Plastic Coated 160mm

€46.30 Ex. VAT

Dargan 4pce Ratchet Strap Set

€20.28 Ex. VAT

Draper 240mm Tri-Cut Pull Saw 15088

€11.34 Ex. VAT

Draper 25L Plasterer's Mixing Bucket 12100

€16.22 Ex. VAT

Starrett 134 Cross Test Level and Plumb

€47.11 Ex. VAT

Sip Heater Wheel Kit (for 09277)

€56.87 Ex. VAT

Toptul 7PCS 1/2"Dr Spline Bit Socket Rail Set

€28.41 Ex. VAT

Toptul 8PCS 3/8" Dr. Star Bit Socket Rail Set

€17.85 Ex. VAT

Stihl KMA 130 R Kombi Engine Trimmer

€402.44 Ex. VAT

Knipex 91 13 250 SB Tile Breaking Pliers

€65.00 Ex. VAT

Knipex 78 03 140 SB Electronic Super Knips XL

€26.79 Ex. VAT