West Fraser Declares Dividend

Dec 07, 2021

VANCOUVER, B.C., December 7, 2021 – West Fraser Timber Co. Ltd. ("West Fraser" or the "Company") (TSX and NYSE: WFG) has declared today a quarterly dividend of US$0.20 per share on the Common shares and Class B Common shares in the capital of the Company, payable on January 11, 2022 to shareholders of record on December 28, 2021.

As announced on October 27, 2021, West Fraser dividends are now declared and payable in U.S. dollars.  Shareholders may elect to receive their dividends in Canadian dollars.  Details regarding the election procedure are available on our website at www.westfraser.com in the “Investors/Stock Information/Dividends” section.

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.

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About West Fraser

West Fraser is a diversified wood products company with more than 60 facilities in Canada, the United States, the United Kingdom, and Europe.  From responsibly sourced and sustainably managed forest resources, the Company produces lumber, engineered wood products (OSB, LVL, MDF, plywood, and particleboard), pulp, newsprint, wood chips, other residuals, and renewable energy.  West Fraser’s products are used in home construction, repair and remodelling, industrial applications, papers, tissue, and box materials.

West Fraser shares trade on the Toronto Stock Exchange and New York Stock Exchange under the symbol: “WFG”.

For more information:

West Fraser Investors:
Robert B. Winslow, CFA
Director, Investor Relations & Corporate Development
Tel. (416) 777-4426
[email protected]

West Fraser Media:
Heather Colpitts
Director, Corporate Affairs
Tel. (416) 643-8838
[email protected]

www.westfraser.com