Contract Update

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014). Upon the publication of this announcement via Regulatory Information Service this inside information is now considered to be in the public domain.

Cambium Global Timberland Limited

(the "Company")

Contract update

The Company announced on 1 November 2018 that it had entered into a contract at Agua Santa representing approximately 470,000m(3) of timber at a price in the region of R$41.50 per m(3) , to be harvested and paid for over four years and that it was negotiating a contract in at Ribeirao do Gardo representing approximately 115,000m(3) of timber at a price in the region of R$40.00 per m(3) , to be harvested and paid for over two years.

The Company is pleased to confirm that it has signed the contract at Ribeirao do Gardo and also that harvesting has begun at Agua Santa.

For further enquiries please contact:

Cambium Global Timberland Limited

Tony Gardner-Hillman

01534 486980

Broker and Nominated Adviser

WH Ireland Limited

James Joyce/Chris Viggor

020 7220 1666

Sub-Administrator and Company Secretary

Praxis Fund Services Limited

Matt Falla/Gemma Woods

01481 737600

LEI: 213800YGRM8HG1S74M46