Investor Presentaiton

Strategic Partnership With Huu-ay-aht First Nations In Tsawak-qin Forestry Limited Partnership WFP Tsawak-qin Forestry Limited Partnership consists of certain Western assets and liabilities in its Port Alberni Forest Operation, including Tree Farm Licence ("TFL") 44 Current LP Ownership: Western 65% | HVLP (1) 35% Long-term log agreement to continue to supply Western's coastal manufacturing operations Continue to have discussions with interested area First Nations around acquiring ownership interests in the Limited Partnership Transaction #1 (completed) Purchase Price HVLP(1) Incremental Ownership Interest LP Ownership Interest At Closing $7.3 million +7% WFP 93% HVLP(1): 7% Closing Date Completed March 2019 Transaction #2 (completed) Westcoast of Vancouver Island $22.4 million + 28% WFP 65% HVLP(1) 35% Completed May 2021 TFL 44 Port Alberni Ucluelet TFL 44 Alberni Pacific Division Sawmill TFL 44 Bamfield TFL 44 LP Allowable Annual Cut: 782,482 m³ (1) Huumiis Ventures Limited Partnership ("HVLP"), a limited partnership beneficially owned by Huu-ay-aht First Nations Building Mutually Beneficial Relationships In Support Of Reconciliation 33 33

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