Investor Presentaiton

Sustainability-Linked Credit Facility Western was the 1st North American public paper and forest products company to transition to a sustainability-linked credit facility ☐ ☐ Increase or decrease borrowing costs by up to five basis points based on the outcome of sustainability-linked goals Pricing grid and covenant package consistent with prior credit facility Credit facility maturity date extended to July 2025 Retain accordion feature to increase the aggregate amount available to $350 million, subject to lender approval WFP WFP $250 million Sustainability-Linked Credit Facility Borrowing Costs Linked To Three Sustainability-Linked Goals Health & Safety Workforce Diversity First Nations Relationships Maturity: July 2025 Further Demonstrates Western's Leadership And Accountability To Continuous Improvement And Advancement Of Our Sustainability And ESG Initiatives 20 20

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