Investor Presentaiton

Sawmills and Remanufacturing Facilities Sawmills WFP Production 2018 Production Mix4 Sawmill Location Log Diameter Focus Capacity¹ 20192 2018 WRC 3 Hemlock Douglas Fir Yellow Cedar Ladysmith Ladysmith, BC Small 90 52 67 -- 100% -- Cowichan Bay Duncan, BC Medium 215 64 177 13% 87% -- Saltair Ladysmith, BC Medium 240 96 214 22% 61% 17% Alberni Pacific Port Alberni, BC Medium to Large 175 44 106 -- 100% -- Duke Point Nanaimo, BC Medium to Large 130 64 ढ 127 3% 91% 6% Chemainus Chemainus, BC Medium to Large 130 47 99 100% Somass5 Port Alberni, BC Medium to Large 90 -- -- Columbia Vista Vancouver, WA Medium to Large 80 576 n/a6 -- 100% -- Custom Cut Multiple Varies n/a 67 74 27% 30% 43% Sawmill Total 1,150 491 864 22% 66% 8% 4% Remanufacturing and Distribution Canada Value Added Division - Chemainus, BC Duke Point Planer - Nanaimo, BC United States Arlington Distribution and Processing Centre - Arlington, WA Columbia Vista Sawmill, Planer and Kilns - Vancouver, WA (1) Based on two shifts and 250 operating days, except Chemainus and Duke Point at three shifts (2) All of Western's timberlands and most of our B.C. based manufacturing divisions were impacted by a strike by the United Steelworkers Local 1-1937 ("USW"), which commenced on July 1st, 2019. On February 15th, 2020, the USW members ratified a new 5-year collective agreement which is effective as of June 15th, 2019 and expires on June 14th, 2024, ending the strike (3) Western red cedar (4) 2018 data shown due to the strike impacting 2019; data for 2019 is available in our 2019 Annual Information Form (5) Somass was indefinitely curtailed in July 2017 due to a lack of log supply to operate the mill efficiently (6) Acquired February 1, 2019 37

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