Florida Land Sale

16 April 2012

Cambium Global Timberland Limited ("Cambium" or "Company")

Florida Land Sale

Cambium announces that it has entered into an agreement to sell 13,810

acres of land it owns in Florida. This property represents approximately

14% of the net asset value of the Company with current exchange rates.

Net of estimated transaction costs and loan prepayment penalties,

proceeds will be approximately $15.7 million. This compares to the 31

October 2011 valuation of $15.9 million.

Approximately $5.1 million will be used to pay down principal on the

amount borrowed by the Company in May 2010. Following the repayment,

the principal balance will stand at approximately $6.5 million. The

remaining amounts provide additional flexibility to the Company in the

conduct of its business and support for its investment program.

The transaction is expected to complete on 30 May 2012.

For further inquiries please contact:

Investment Manager

CP Cogent Asset Management

Rich Standeven

+1 214 871 5400

Broker

Matrix Corporate Capital LLP

Paul Fincham / Jonathan Becher

+44 (0)203 206 7000

Nominated Advisor

PwC

Chris Clarke

+44 (0)207 212 1798