Results of the AGM - Special Resolution

14 October 2011

Cambium Global Timberland Limited (the "Company")

Results of the Annual General Meeting ("AGM") - Special Resolution

The Company wishes to clarify that Resolution 10, as set out in the AGM Notice under Special Business, authorising the Company subject to various conditions outlined in the Notice, to make market purchases of its own shares, was a Special Resolution. This resolution, under Jersey Law and the articles of association of the Company requires a 2/3rds majority of votes to be cast in favour to be validly passed. This Special Resolution was duly passed at the Annual General Meeting held on Wednesday, 12 October 2011.

Resolutions 8 and 9 are classed as Special Business, under the Notice, but were Ordinary Resolutions.

For more information:

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 7 213 8898 / + 44 (0) 20 7212 5504