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Notice Of Cessation Of Substantial Shareholding

BackMar 21, 2011
Part I
1. Date of notice to issuer 18/03/2011
2. Name of Substantial Shareholder Mackenzie Cundill Investment Management Limited ("MCIML")
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 01/09/2010
2. The change in the percentage level From 6.26 % To 0 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

MCIML was previously the investment manager in relation to shareholdings held in the Company by Mackenzie Cundill Recovery Fund. It thus held a deemed interest in those shareholdings. As a result of an internal reorganization, MCIML has been merged into Mackenzie Financial Corporation ("MFC") so that MFC has assumed all the rights and interests of MCIML, and MCIML has ceased to exist. Consequently, the deemed interest in the shares of the Company, which was previously held by MCIML is now vested in MFC, and MCIML ceased to have any deemed interest in the shares of the Company.
4. A statement of whether the change in the percentage level is the result of a transaction or a series of transactions: Change in 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 60,000,000
As a percentage of issued share capital 0 % 6.26 %
No. of shares held after the change 0 0
As a percentage of issued share capital 0 % 0 %
Footnotes NOTES:

Part III item 3 - Circumstances giving rise to the interest or change in interest -

MFC was a substantial shareholder of the Company prior to the date of this notice by virtue of its deemed interest in the shares managed by itself and/or its subsidiaries (including MCIML) as investment managers.

As a result of an internal reorganization on 1 September 2010, MCIML merged into MFC and MFC has assumed all the rights and interests of MCIML. All investment funds and other client accounts that were managed by MCIML are now managed by MFC after the reorganization, resulting in a change in the nature of the deemed interests of MFC in the shares of the Company. This was mistakenly notified as a new interest in the filing made on 7 January 2011. This notice amends and supersedes the notice filed on 7 January 2011.


Part IV -

Percentages calculated based on total number of issued ordinary shares (excluding treasury shares) being 958,174,000 as at 1 September 2010.

As at 14 March 2011, MFC has deemed interests in 65,400,000 shares of the Company, amounting to 6.19% of the total number of issued ordinary shares (excluding treasury shares) of the Company being 1,057,065,000 shares as at 14 March 2011. The shares are beneficially held by Mackenzie Cundill Recovery Fund, which is a fund currently managed by MFC.

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

This notification announcement superceded the notification announcement no. 00020 made on 12 January 2011.