| Part I |
| 1. |
Date of notice to issuer |
28/02/2011 |
| 2. |
Name of Substantial Shareholder |
Paul G. Desmarais ("Mr. Desmarais") |
| 3. |
Notice Type |
Notice of a Change in the Percentage Level of a Substantial Shareholder's Interest or Cessation of Interest.
|
| Part II - Not Required |
| Part III |
| 1. |
Date of change of Deemed Interest |
18/03/2010 |
| 2. |
The change in the percentage level |
From 7.00 % To 6.91 % |
| 3. |
Circumstance(s) giving rise to the interest or change in interest |
# Others
Due to an open market transaction. |
| 4. |
A statement of whether the change in the percentage level is the result of a transaction or a series of transactions: |
Change in the percentage level is the result of a single transaction. |
| Part IV |
| 1. |
Holdings of Substantial Shareholder, including direct and deemed interest : |
| |
| |
Direct |
Deemed |
| No. of shares held before the change |
0 |
60,799,513 |
| As a percentage of issued share capital |
0 % |
7.00 % |
| No. of shares held after the change |
0 |
60,000,000 |
| As a percentage of issued share capital |
0 % |
6.91 % |
| Footnotes |
Notes:
Mr Desmarais was a substantial shareholder of the Company prior to the date of this notice by virtue of his indirect controlling interest in, amongst others, the Power Corporation of Canada ("PCC"), which in turn has deemed interest in the shares managed by PCC's subsidiaries as fund managers. The percentage level of his deemed interests had since increased and/or varied by virtue of a series of open market transactions entered into by one or more of PCC's subsidiaries for portfolio management purposes. Since the date of change of deemed interest notified in this notice, there has been no further changes in the percentage level of deemed interests of Mr Desmarais giving rise to a disclosure obligation.
Where reference is made to shares, it refers to units in Cambridge Industrial Trust.
Percentages calculated based on total number of issued ordinary shares (excluding treasury shares) being 868,701,000 as at 18 March 2010.
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