*President Hosni Mubarak has refused to step down and the crowds in Tahrir Square are not pleased.

Chants of “Leave, leave” and “go, go” are being reported.

“I am speaking to all Egyptians in Tahrir and beyond,” Muabark began at about 3:50 EST. He mentioned the “martyrs and injured” will not be forgotten and that those who are responsible will be punished. “Your demands are legitimate and just demands,” he added.

“I will never accept ‘foreign’ dictations,” he said.

He said that he will not run for president in September as he promised, but that he will continue the oath of his office. He says that he will “continue to shoulder” his responsibilities and will work for a peaceful transition of power.

He says confidence needs to be restored, and points out that the protests have affected the economy.

“It’s not about me, it’s not about Hosni Mubarak. It’s about Egypt,” he added.

I have spent my life defending this country, witnessed its wars, lived through its defeat, and victories. I have faced death several times.

Mubarak said he will transfer powers to Vice President Omar Suleiman.

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