The RIPE Address Policy Working Group chairs have decided to move policy proposal 2007-08 to Last Call. This policy proposal has been discussed on the mailing list since 23 October 2007. Version 2 of this proposal was published on 18 March 2008, and version 3 has been published on 18 September 2008. In the last review phase version 3 of this proposal was discussed. Each version used the feedback on the previous version from the community. Most of the objections to version 2 of the proposal have been handled in version 3. There were three remaining objections after version 3 was published: 1) This policy will give IPv4 addresses financial value This subject has been discussed on the mailing list. The feeling was that IPv4 addresses already have financial value, but there was no proof for this. Remco van Mook has demonstrated that there are organizations that will pay money for IPv4 addresses, which proves that the financial value already exists. 2) There will be no market for IPv4 address In the same presentation Remco van Mook has shown that there are currently both sellers and buyers for IPv4 addresses, which proves the existence of such a market. 3) Reclaim/reuse is more efficient than transfering Alex Le Heux from RIPE NCC has provided statistics on the amount of IPv4 addresses that have been reclaimed. These statistics show that the amount of addresses that are effectively reclaimed (instead of returned to the NCC in exchange for a bigger allocation) is negligible. The current version of this proposal is version 4, which only has a minor change to close a potential loophole in version 3: "An LIR may only receive a transferred allocation after their need is evaluated by the RIPE NCC" is changed to "An LIR may only receive a transferred allocation after their need is evaluated and approved by the RIPE NCC". Because the change is so small, we have chosen not to go to the Review phase again. Because all objections to this proposal have been handled and because of the strong support that has been shown we feel confident that we can declare consensus and move this proposal to Last Call. Sander Steffann Address Policy Working Group co-chair