Cambium Global Timberland Limited
30 April 2007


                       Cambium Global Timberland Limited

Headline:  Cambium Global Timberland Limited Secures First Timberland Asset

The Directors of Cambium Global Timberland Limited (Cambium) are pleased to
announce that Cambium has secured an option to acquire the fund's first
timberland asset.

The 8,500-hectare (21,500-acre) reforestation project is located in New South
Wales, Australia.  The option allows for the fund to purchase the property for
9,100,000 AUD.  Cambium intends to use half of the property to establish
hardwood plantations for sawlogs that can be sold to rapidly growing timber
markets in Asia and other parts of the world.  In addition, a significant source
of shorter term returns is expected to come from the sale of carbon credits,
units awarded under a government scheme for the removal of carbon dioxide from
the air.  The operation of a regulated carbon emission reduction scheme in New
South Wales provides real value to the carbon asset associated with forestry
activities.

The property will allow for growth from the development of the timber plantation
and income from the environmental assets.  After the reforestation is complete
the investment is expected to fill approximately twenty-five percent of
Cambium's target allocation for the Australia/New Zealand region.


        Cambium Global Timberland Fund Closes First Property Investment

    Multiple Revenue Sources Expected to Produce Short- and Long-Term Returns

St Helier, Jersey - April 30, 2007 - Cambium Global Timberland Ltd (Cambium), a
company established to invest in a global portfolio of forestry-based
properties, today announces that it has secured an option to acquire the fund's
first timberland asset.  The 8500-hectare (21,500-acre) property, located in New
South Wales, Australia, is in line with Cambium's strategy to provide
substantial returns from timber growth as well as various environmental options,
such as the sale of carbon credits.

Cambium was launched in early 2007 and is traded on the AIM market of the London
Stock Exchange.  Cambium is managed by CP Cogent Asset Management, LP, which is
wholly owned by Cogent Partners, LP, an independent investment bank specializing
in alternative assets.

"Cambium's first timber holding in Australia is representative of our objective
to extract multiple revenue streams from each property," says Matthew Haertzen,
chartered financial analyst of Cogent.  "We are confident that the land will not
only achieve strong long-term returns from timber production but will also allow
us to capitalize on more immediate environmental options to supplement the
return to investors."

Cambium intends to use half of the property to establish hardwood plantations
for sawlogs that can be sold to rapidly growing timber markets in Asia and other
parts of the world.  In addition, a significant source of shorter term returns
is expected to come from the sale of carbon credits, units awarded under a
government scheme for the removal of carbon dioxide from the air.  The operation
of a regulated carbon emission reduction scheme in New South Wales provides real
value to the carbon asset associated with forestry activities.

To take full advantage of the property's environmental value options, Cambium
has enlisted the services of New Forests Pty Limited, an Australian forestry
investment advisory firm with specific expertise in managing environmental
revenues.   New Forests acts as a sub-advisor to Cambium.  In addition to the
potential for government-accredited carbon credits, these options include:
     
•    A $1 million incentive payment from the regional natural resource
     management authority for biodiversity and salinity reduction outcomes as a
     result of responsible land management.  This incentive payment will be 
     amongst the largest of its kind in Australia to date and demonstrates the 
     potential value of improved environmental management.

•    A water license for 105 million liters of water per annum.

•    The opportunity to sell carbon credits to buyers outside the government
     regulated emission reduction scheme, including retail carbon products to
     individuals and businesses.

New Forests will also be pursuing other longer term options, such as the
development of a wind farm on less fertile sections of the land that would
generate consistent lease revenue once operational.

Moving forward, Cambium will continue to invest in additional forestry assets or
operations which can be managed on an environmentally and socially sustainable
basis.  Ultimately, Cogent Partners expects to build an optimized portfolio of
timberland investments -- diversified by location, age, class and species - to
generate superior total returns to the fund's investors.

About Cogent Partners

Cogent Partners is a leading private equity-focused investment bank that
specializes in secondary market transactions and related private equity research
products for institutional investors.  Recognized globally as the leader in
private equity sell-side advisory services, Cogent Partners has earned a
reputation for successfully initiating, marketing, negotiating, structuring and
closing the sale of private equity assets.  Since inception, the company has
advised on more than $12 billion in private equity commitments.  The firm's
research group offers a range of private equity monitoring and due diligence
services.  Cogent Partners is headquartered in Dallas, with offices in New York,
London and Tokyo.  For more information, please visit www.cogent-partners.com

About New Forests Pty Limited

New Forests Pty Limited is a forestry investment management and advisory
services firm based in Sydney, Australia.  The company's investment thesis is
unique in seeking assets that deliver traditional timber returns, as well as
returns from emerging environmental markets and preferences, such as certified
timber, carbon, biodiversity and water.  In addition to world-leading forestry
investment expertise in the areas of acquisitions, modeling, operations,
silviculture and ecosystem services, New Forests is at the forefront of
developing and commercializing environmental products and evaluating
opportunities from emerging environmental markets.  The company holds an
Australian Financial Services License.  For more information, please see
www.newforests.com.au

Contact:
Matthew Haertzen
CP Cogent Asset Management
mhaertzen@cogent-partners.com
+1-214-871-5421



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