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

BackSep 18, 2012
Part I
1. Date of notice to issuer 17/09/2012
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 14/09/2012
2. The change in the percentage level From 6.99 % To 5.96 %
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 series of transactions.
Part IV
1. Holdings of Substantial Shareholder, including direct and deemed interest :
 
  Direct Deemed
No. of shares held before the change 0 13,837,454
As a percentage of issued share capital 0 % 6.99 %
No. of shares held after the change 0 11,805,454
As a percentage of issued share capital 0 % 5.96 %
Footnotes Mr Desmarais is a substantial shareholder of the Company by virtue of his indirect controlling interest in, amongst others, Power Corporation of Canada ("PCC"), which in turn has deemed interest in the shares of the Company managed by PCC'subsidiaries as fund managers.

Percentage before the change is calculated based on total number of issued ordinary shares being 198,015,654 as at 13 July 2011.

Percentage after the change is calculated based on total number of issued ordinary shares being 198,075,654 as at 14 September 2012.
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