Notification of Holding(s) in Company

22 December 2011

Cambium Global Timberland Limited (the "Company")

Notification of Holdings

Cambium Global Timberland Limited received notification on 22 December 2011 from Stafford Timberland Limited that on 20 December 2011 they increased their holding to 7,325,311 ordinary shares representing 7.11% of the issued share capital of the Company.

Stafford Timberland Limited is the fund manager of both Stafford International Timberland V Fund LP, which holds 62.8% of the voting rights referred to above and Stafford International Timberland V Trust which holds the remaining 37.2%.

For further enquires please contact:

Investment Manager

CP Cogent Asset Management

Rich Standeven / Matt Haertzen

+ 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