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Notice Of Cessation Of Substantial Shareholding

BackJul 18, 2011
Part I
1. Date of notice to issuer 15/07/2011
2. Name of Substantial Shareholder (i) Mackenzie Inc. ("MI") (ii) IGM Financial Inc. ("IGMFI")
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 Interest 13/07/2011
2. The change in the percentage level From 6.03 % To 4.93 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

Due to a block trade entered into pursuant to the rules of the SGX.
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 transaction.
Part IV
1. Holdings of Substantial Shareholder, including direct and deemed interest :
 
  Direct Deemed
No. of shares held before the change 0 52,375,000
As a percentage of issued share capital 0 % 6.03 %
No. of shares held after the change 0 58,575,000
As a percentage of issued share capital 0 % 4.93 %
Footnotes PART III - NOTE 3
Each of MI and IGMFI was a substantial shareholder of the Company by virtue of its deemed interest in the shares of the Company managed by its subsidiaries as fund managers. The block trade was entered into by the relevant fund, Mackenzie Cundill Recovery Fund, which is the beneficial owner of the shares of the Company. For the avoidance of doubt, there had been other open market transactions prior to this block trade. Such other transactions did not cause any of the MI's or IGMFI's deemed interests to cross a reportable threshold.

PART IV
The percentage of shares held before the change is calculated based on total number of issued ordinary shares (excluding treasury shares) being 868,701,000 as at September 22, 2009, being the date on which the interests last passed a reportable threshold.

The percentage of shares held after the change is calculated based on total number of issued ordinary shares (excluding treasury shares) being 1,189,198,368 as at July 13, 2011.

Where reference is made to shares, it refers to units in Cambridge Industrial Trust.