Change of Nominated Adviser

5 December 2017

Cambium Global Timberland Limited (the "Company")

Change of Nominated Adviser & Corporate Broker

The Board is pleased to announce the appointment of WH Ireland Limited ("WHI") as the Company's nominated adviser and broker. WHI replaces Panmure Gordon (UK) Limited with immediate effect.

The Directors wish to thank Panmure Gordon for their assistance to the Company during their period of appointment.

For further enquiries please contact:

Chairman

Tony Gardner-Hillman

01534 486980

Broker and Nominated Adviser

WH Ireland Limited

James Joyce/Alex Bond

020 7220 1666

Sub-Administrator and Delegate Company Secretary

Praxis Fund Services Limited

Matt Falla/Poppy Tolcher

01481 737600

LEI: 213800YGRM8HG1S74M46