Cambria Africa Regulatory News (CMB)

6 December 2012

Cambria Africa plc

("Cambria" or the "Company")

Cambria Completes Debt Restructuring

·; Cambria has extended the maturity of the first $1m tranche of the loan facility with Consilium Investment Management (1) from 31 December 2012 to 8 March 2014

·; Cambria has also negotiated lifting of the general charge held by Consilium

Cambria (AIM:CMB) is pleased to announce that it has negotiated with Consilium Investment Management (1) (Consilium) an extension of its maturity of the first US$ 1 million tranche of the previously announced US$ 3 million loan. Consilium has agreed to extend the maturity of the US$1 million facility from 31 December 2012 to 8 March 2014.

Consilium has also agreed to lift a 'general charge' which it held over the Company in return for security directly related to certain properties owned by Cambria as well as receipt of a warrant instrument (the "Warrant"). The Warrant provides for the issue of 3,000,000 new ordinary shares of £0.0001 each in the capital of the Company at an exercise price of 13p per Share. The Warrant is exercisable in whole or in part by Consilium at any time prior to the date falling three years following the end date of issue of the Warrant 6 December 2012.

The changes to the Company's debt structure places Cambria in a better position to raise new debt capital, if so desired, to support existing investments.

Commenting, Edzo Wisman, CEO of Cambria, said: "We are pleased with the result of the debt restructuring as itprovides additional flexibility to Cambria when dealing with the capital markets in the future. Moreover, we also appreciate the vote of confidence this restructuring represents from our significant shareholder Consilium."

Jonathan Binder, Managing Director of Consilium Investment Management, adds: "We are excited and impressed with the developments at Cambria over the last year or so since the changes to the Board and Executive Management of the Company. We believe that under the exceptional leadership of Ian Perkins and Edzo Wisman Cambria is poised to demonstrate the strength and value of its underlying operating businesses and are happy to have played and will continue to play a supportive role in providing debt and equity finance for the company. While Zimbabwe represents a challenging environment we believe that Cambria is well placed to make the most of the opportunities that such environments always present."

Consilium, through the various funds it manages, is a substantial shareholder of Cambria, and the transaction is therefore deemed a related party transaction for the purpose of the AIM Rules for Companies.

With the exception of Ian Perkins, a director nominated by Consilium's investment manager, the Directors, having consulted with WH Ireland, the Company's nominated advisor, consider the terms of the warrant instrument and consideration received to be fair and reasonable insofar as its shareholders are concerned.

Cambria also announces that it plans to release its annual results for the year ended 31st August 2012 by 31 January 2013. Full year results are in line with the Trading Update published on 18 September 2012.

(1) Consilium Investment Management in this restructuring represented the Consilium Corporate Recovery Master Fund and the Consilium Emerging Markets Absolute Return Master Fund

About Cambria Africa plc

Cambria Africa plc, quoted on the AIM market of the London Stock Exchange, is a long term, active investment company, building a portfolio of investments primarily in Zimbabwe.