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Investor Presentaiton

Softwood Lumber Duties Update Duties on deposit of US$153.3 million (C$207.2 million) (1) - Equates to 63% of Western's market capitalization (2) C$64.4 million included as a long-term receivable on Western's balance sheet (1) Current duties rate of 8.59% 4th administrative review released in January 2023 WFP Combined Softwood Lumber Duties Rate (All Others Duty Rate %) 20.23% 17.91% 8.99% 8.59% 8.24% - Preliminary rate of 8.24% (3) 2017-2020 (4) 2021 (5) (6) 2022 Current AR #4 (1) As of March 31, 2023 ཀྱིས (2) Based on market capitalization as of May 26, 2023 (3) Up to November 30, 2020 (4) December 1, 2020 to November 30, 2021 (5) December 1, 2021 to August 8, 2022 (6) Preliminary rate from 4th administrative review Softwood Lumber Duties Reduced Effective August 2022 30 30
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