Settlement with Lonrho Limited

Cambria Africa plc

("Cambria" or the "Company")

US$ 4.752 million settlement with Lonrho Limited

Further to the legal proceedings between the Company and Lonrho Limited ('Lonrho'), Cambria announces it has concluded a settlement agreement with Lonrho with respect to the claims and counterclaims ("the Claims") between the parties, in terms of which, Cambria will receive $4,752,000 in full and final settlement of the Claims. 

After outstanding litigation and other associated costs, the net proceeds are estimated to be US$3,5 million and will be applied to Cambria, and its subsidiaries, working capital requirements and debt commitments.