Investor Presentaiton

Softwood Lumber Duties Update Duties on deposit of US$162.7 million (C$220.9 million) (1) - Equates to 101% of Western's market capitalization(2) C$71.4 million included as a long-term receivable on Western's balance sheet (1) Current duties rate of 8.05% WFP Combined Softwood Lumber Duties Rate (All Others Duty Rate %) 20.23% 17.91% 8.99% 8.59% 8.05% (3) (4) (5) (6) 2017-2020 2021 2022 2023 Current ཀྱིས (1) As of September 30, 2023 (2) Based on market capitalization as of November 10, 2023 (3) Up to November 30, 2020 (4) December 1, 2020 to November 30, 2021 (5) December 1, 2021 to August 8, 2022 (6) August 9, 2022 to July 31, 2023 Softwood Lumber Duties Reduced Effective August 2023 32 32

View entire presentation