Mr. Larry Hughes reports

WEST FRASER TIMBER CO. LTD. ("WFT"): DIVIDEND NOTICE

The board of directors of West Fraser Timber Co. Ltd. has declared a quarterly dividend of seven cents per share on the common shares and Class B common shares in the capital of the company, payable on Jan. 12, 2015, to shareholders of record on Dec. 22, 2014.

Dividends are designated to be eligible dividends pursuant to Subsection 89(14) of the Income Tax Act (Canada) and any applicable provincial legislation pertaining to eligible dividends.