Mr. Steven Hofer reports

WESTERN FOREST PRODUCTS AND UNITED STEELWORKERS REACH TENTATIVE COLLECTIVE AGREEMENT

Western Forest Products Inc. and the United Steelworkers Local 1-1937 have agreed to the terms of a tentative collective agreement. The USW represents approximately 1,000 Western Forest employees.

The tentative agreement is subject to a ratification vote by USW membership, which is expected to occur before the end of the year. The USW bargaining committee has advised that it will be recommending that its members accept this agreement.

"This tentative agreement is the result of the professional and principled work of the bargaining team members from both the USW and Western, who worked respectfully to find common ground and solutions that support both employees and the business," said Steven Hofer, president and chief executive officer of Western Forest. "A new collective agreement will provide critical business certainty to the company as we look to accelerate the transition to higher-value products through reinvestment in our operations. I want to thank the bargaining team members for their work to deliver a fair and balanced agreement."

About Western Forest Products Inc.

Western Forest is an integrated forest product company, building a margin-focused log and lumber business to compete in global softwood markets. With operations and employees located primarily on the coast of British Columbia and Washington State, Western Forest is a premier supplier of high-value, specialty forest products to worldwide markets. Western Forest has a lumber capacity of 885 million board feet from six sawmills, as well as operates four remanufacturing facilities and two glulam manufacturing facilities. The company sources timber from its private lands, long-term licences, first nations arrangements and market purchases. Western Forest supplements its production through a wholesale program, providing customers with a comprehensive range of specialty products.

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