Cambium Global Timberland Limited announces a share repurchase program. Under the program, the company will repurchase up to 20,000,000 shares, representing 19.58% of its issued share capital. The shares will be purchased at a price of 25 pence per share, representing a premium of 16.3% to the mid- market price of the company's shares at the close of business on December 31, 2014. The shares repurchased will be cancelled. The company will fund the purchase from its existing cash resources. The record date to participate in the tender offer is January 26, 2015. The offer is subject to approval of shareholders at a General Meeting to be held on January 27, 2014. The offer will expire on January 26, 2015.

Panmure Gordon acted as broker to the company.