TR-1 Notification

18 March 2011

Cambium Global Timberland Limited (the "Company")

Notification of Holdings

Cambium Global Timberland Limited has received notification from Deutsche Bank AG that on 15 March 2011 they reduced their holding from 6,105,510 ordinary shares, which represented 5.86% of the issued share capital of the Company. Deutsche Bank AG's holding in the Company now falls below 5%.

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

PricewaterhouseCoopers LLP

Melville Trimble

+ 44 (0) 20 7213 8898