Investor Presentaiton

LUMBER SUPPLY: BC INTERIOR Declining log supply across BC, but Interfor well-positioned in southern BC Mountain Pine Beetle Cumulative Percentage of Merchantable Forest Volume Killed Since 1999 Very High (>45%) High (31-45%) Moderate (16-30%) Low (<16%) None (0%) INTERFOR Smithers Fort Nelson Prince George ALBERTA Canada Quesnel BRITISH COLUMBIA Canada Vancouver Kamloops Adams Lake ⚫ Calgary Kelowna Castlegar Grand Forks Source: BC Ministry of Forests 16

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