Mr. Nick Desmarais reports

WESTSHORE TERMINALS ANNOUNCES Q1 2018 DISTRIBUTION

Westshore Terminals Investment Corp. will pay a dividend representing 16 cents per share on or before April 15, 2018, to shareholders of record on March 31, 2018, which is the same amount that was paid in the fourth quarter of 2017. The first-quarter 2018 dividend will be designated an eligible dividend for Canadian tax purposes.

Westshore anticipates that it will load approximately 7.0 million tonnes in Q1 2018 compared with 5.9 million tonnes for the same period in 2017. This volume level would represent a solid quarter, particularly given winter weather conditions and the continuing work being conducted for capital project. Based on current information, 2018 throughput volumes are anticipated to be 30 million tonnes.

Westshore's $270-million capital project remains on time and under budget. The second new stacker reclaimer is up and running as of the end of February, 2018, and the third new stacker reclaimer will be delivered during second quarter 2018, and will be operational by late 2018 or early 2019, which will complete the current capital project.

We seek Safe Harbor.