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Notice Of A Change In The Percentage Level Of A Substantial Shareholder's Interest

BackMar 02, 2011
Part I
1. Date of notice to issuer 28/02/2011
2. Name of Substantial Shareholder Paul G. 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 24/01/2011
2. The change in the percentage level From 8.00 % To 7.93 %
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 15,851,454
As a percentage of issued share capital 0 % 8.00 %
No. of shares held after the change 0 15,693,454
As a percentage of issued share capital 0 % 7.93 %
Footnotes Mr Desmarais was a substantial shareholder of the Company prior to the date of this notice by virtue of his indirect controling 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. His percentage level of 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 the deemed interests of Mr Desmarais giving rise to a disclosure obligation.

*Percentages calculated based on total number of issued ordinary shares being 197,904,000 as at 24 January 2011.