Land Sale

7 March 2012

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

Corrigan Land Sale

The land sale of approximately 7,270 acres of land located around Corrigan, Texas completed on 6 March 2012 for a sale price of $9,150,000. The price is accretive to the 31 October NAV by approximately $500,000 (equivalent to approximately 0.3p per share). This purchase price was previously announced on 2 February 2012.

Of the proceeds, $2,928,000 will be used to pay down principal on the amount borrowed by the Company in May 2010. This principal payment will reduce the loan balance to $11,598,838. After transaction costs, the remaining amount will provide additional liquidity to the Company for general business purposes and support for its investment program.

For more information:

Investment Manager

CP Cogent Asset Management

Richard Standeven

+1 214 871 5400

Broker

Matrix Corporate Capital LLP

Paul Fincham / Jonathan Becher

+ 44 (0) 20 3206 7000

Nominated Adviser

PwC

Melville Trimble / Krysia Sturgeon

+ 44 (0) 20 7213 8898 / + 44 (0) 20 7212 5504