Terms of Use

Last Modified: May 13, 2025

All use of the West Fraser Timber Co. Ltd. (collectively, “West Fraser”) corporate website located at westfraser.com or internet addresses or other sites as provided from time to time by West Fraser, together with their mobile-optimized versions and embedded interactive services (collectively, the “Website”), is subject to the terms and conditions set forth herein (the “Terms”).

Any use of the Website constitutes your agreement to abide by the Terms. West Fraser may amend the Terms at any time by posting the amended terms on this Website, and when doing so, West Fraser will revise the “last modified” date at the top of this page. We encourage you to periodically review these Terms as you continue to use the Website.

Legal Disclaimers, Copyright and Trademarks

All information, graphics, videos, audio recordings, documents, and other material and content found on, or transmitted to you through, this Website (the “Website Content”) is owned by or licensed to West Fraser or its affiliates and protected by Canadian and international copyright, trademark or other intellectual property rights laws. The Website Content may include names, words, titles, phrases, logos, icons, graphics or designs that are the trade names, trademarks or service marks of West Fraser or its affiliates or licensors (the “Marks”), the use of which may have been licensed to West Fraser. The display of such Marks, or any other Website Content, does not imply that a license of any kind has been granted to anyone else. Except as expressly indicated on the Website, no endorsement, sponsorship, affiliation or other authorization is implied by any use of third party trademarks.

Things You May and May Not Do

You are permitted to use the Website Content for non-commercial, personal or educational purposes, where the material is not modified and copyright or trademark notices are not deleted. Any unauthorized downloading, re-transmission, republication or other copying or modification of Website Content, including Marks, may violate international, federal, or local common or civil law, trademark law and copyright law and is strictly prohibited.

You are further prohibited from, directly or indirectly, (a) posting or transmitting any unlawful, threatening, libellous, defamatory, obscene, pornographic, or other materials that violate any law through the Website, (b) disrupting or threatening the integrity, operation or security of the Website, or any computer or any Internet system in connection with the Website, (c) disabling or circumventing any access control or related process or procedure established with respect to the Website, (d) sublicensing, sharing, reselling, reproducing, copying, distributing, redistributing, or otherwise exploiting for any commercial purposes any portion of, use of or access to, the Website or any Website Content, or (e) using any robot, spider, scraper, crawler or other automated means to access, harvest, scrape, extract, gather, collect or store any portion of the Website or its data (including job postings, investor documents, and live ticker information).

Disclaimer of Warranties

West Fraser has used reasonable efforts to include accurate, up-to-date, and complete Website Content on the Website as of the time of its posting and to keep that Website Content current and accurate. However, West Fraser does not warrant the accuracy, completeness and currency of any Website Content, and the responsibility for ensuring such accuracy, completeness and currency, as well as the harmfulness and legality in your jurisdiction, is solely yours.

No warranty, condition, or representation of any kind, implied, expressed or statutory, including but not limited to warranties as to non-infringement of intellectual property rights or third party rights, title, latent defects, uninterrupted service, merchantability, fitness for a particular purpose and freedom from computer viruses, is given in conjunction with the Website or the Website Content, all of which is provided “as-is” and “as-available”. All such representations, warranties and covenants are hereby disclaimed.

Communications to West Fraser

Any material, information or other communication (including questions, comments or suggestions) you transmit to West Fraser through this Website will be considered non-confidential and non-proprietary (“Communications”). In making any such transmission, you agree that West Fraser will have no obligations of any kind with respect to the Communications except as set out in the Privacy Policy. Where it is necessary, in order to answer your enquiry, the Communications you have provided may be passed to relevant West Fraser employees, contractors, consultants, representatives or agents. By sending any Communications to us, you (a) are consenting to the personal information contained therein being transferred within West Fraser and being processed by West Fraser and such persons for these purposes, and (b) agree to the collection, use, disclosure and retention of your personal information in accordance with the Privacy Policy.

User Accounts and Interactive Services

Certain areas of the Website (for example, the UKG Pro job application portal integrated into the Website and the community-investment funding form) may require you to create an account, set a password, or provide personal information. You are solely responsible for maintaining the confidentiality and security of any login credentials and for all activities that occur under your account. West Fraser reserves the right, in its sole discretion, to suspend, restrict, or terminate any account or your access to these services at any time and without notice for breach of these Terms or any other reason.

You agree to provide true, current, accurate and complete information whenever you submit information to West Fraser (including, without limitation, when subscribing to e-mail alerts, creating a job-application profile or submitting a community-investment funding form) and to promptly notify us of any changes to such information so that it remains true, current, accurate and complete.

Links to, Feeds From, and Embedded Third Party Websites

West Fraser does not control any third party website and is therefore not responsible for the content of any linked website, any link contained in a linked website, a data feed on the Website, or any embedded widget, search tool, or job application portal that originates from a third party service provider (“Third Party Links and Data”). West Fraser provides such Third Party Links and Data only as a convenience, and the inclusion thereof does not imply endorsement, investigation or verification by West Fraser of the Third Party Links and Data or information contained therein. Please note that if you use these Third Party Links and Data, you may leave the Website, and will become subject to the terms and conditions and the privacy policy applicable thereto.

All stock quotes and real-time ticker values displayed on any page come from Third Party Links and Data and are delayed at least 20 minutes unless otherwise stated. All stock quotes, historical stock price data, and real-time ticker values displayed on any page are provided for informational purposes only and are not intended for trading purposes. If you are contemplating trading in the securities of West Fraser, we strongly advise you to seek independent professional advice before making any investment decision. West Fraser makes no representation or warranty regarding the accuracy or completeness of any such quotes or data and has not taken any steps to verify the adequacy, accuracy or completeness of the information provided therein.

Exclusion of Liability

In no event will West Fraser or its affiliates and subsidiaries and their respective directors, officers, employees, agents or representatives be liable for any damages whatsoever (including, without limitation, direct or indirect, special, incidental, moral or consequential damages, loss of profits, opportunities or information) or for expenses whatsoever and howsoever arising in connection with:

the use of or reliance on this Website or any Website Content;
any inaccuracy or omission in any Website Content or failure to keep it current;
the use of or reliance on any Third Party Links and Data, including stock quotes and real-time ticker values displayed on any page;
any internet software used in connection with this Website or computer viruses or other destructive programs encountered as a result of using this Website; or
any other matter connected with this Website, even if West Fraser is made aware of the possibility of such claims, expenses, damages or losses.

Investment Decisions

The Website and all Website Content is for information purposes only and is not intended to constitute a solicitation or offering of securities in any jurisdiction. Information disclosed under the corporate and securities laws of those Canadian and U.S. jurisdictions applicable to West Fraser is not intended to be in any way qualified, amended, modified or supplemented by any Website Content, Third Party Links and Data, or this Website. Due to the technical and security risks inherent in the Internet, and because any Website Content you access may differ from the original depending on your browser software, no Website Content should be used for the purpose of making investment decisions with respect to West Fraser securities. No securities commission or other regulatory authority in Canada or any other country or jurisdiction has in any way passed upon any Website Content. West Fraser has taken all reasonable care in producing and publishing information contained on this Website and will endeavour to do so regularly. However, Website Content may still contain technical or other inaccuracies, omissions, or typographical errors, for which West Fraser assumes no responsibility. Under no circumstances shall West Fraser be liable for any direct, indirect, special, incidental, consequential or other damages, including but not limited to, loss of profits, whether or not advised of the possibility of damage arising from your use, or inability to use, the Website Content. If you are contemplating making an investment in West Fraser’s securities, you should review the disclosure that we publicly file in accordance with Canadian and U.S. securities laws. You may view these documents at website of the Canadian Securities Administrators at www.sedarplus.ca or the website of the United States Securities and Exchange Commission at www.sec.gov. You may also obtain printed copies of public disclosure documents from Robert B. Winslow, Director, Investor Relations & Corporate Development, via an e-mail request to shareholder@westfraser.com.

Forward-Looking Statements

Certain information on this Website contains historical information, descriptions of current circumstances, and statements about potential future developments or anticipated financial or operating performance. The latter, which are considered “forward-looking information” within the meaning of Canadian securities laws and “forward-looking statements” within the meaning of United States securities laws, are presented to provide reasonable guidance to the reader, but their accuracy depends on a number of assumptions and is subject to various risks and uncertainties. Generally, these forward-looking statements are prospective in nature and are dependent upon or refer to future events or conditions. All statements and information that address expectations or projections about the future, and other statements and information about West Fraser’s strategy for growth, expected and future capital expenditures or investment decisions, costs, schedules, operating and financial results, future financing and capital activities are forward-looking statements. Such Forward-looking statements can be identified by the use of forward-looking terminology, including but not limited to, the words “expects”, “does not expect”, “plans”, “anticipates”, “does not anticipate”, “believes”, “intends”, “estimates”, “projects”, “potential”, “scheduled”, “forecast”, “budget”, “seeks”, “targets”, “forecasts” and similar expressions or their negative connotations, or that events or conditions “will”, “would”, “may”, “could”, “should” or “might” occur. These forward-looking statements generally include statements which reflect West Fraser management’s expectations regarding the operations, business, financial condition, expected financial results, performance, prospects, opportunities, priorities, targets, goals, ongoing objectives, strategies and outlook of West Fraser and its subsidiaries, as well as the outlook for North American and international economies for the current fiscal year and subsequent periods. By their nature, these forward-looking statements involve numerous assumptions, inherent risks and uncertainties, both general and specific, which contribute to the possibility that the predictions, forecasts, and other forward-looking statements will not occur. Actual outcomes and results of these statements will depend on a number of factors including those which are described in our most current annual and quarterly Management’s Discussion & Analysis and in our most current Annual Information Form, under the heading “Risks and Uncertainties”, copies of which are on SEDAR+ and also filed with the SEC; and may differ materially from those anticipated or projected. No forward-looking statement is a guarantee of future results and investors are cautioned not to place undue reliance on these forward-looking statements. West Fraser undertakes no obligation to publicly revise these statements to reflect subsequent events or circumstances, except as required by applicable securities laws.

Non-GAAP Measures

West Fraser uses both IFRS measures and certain non-IFRS financial measures to assess its financial performance, which we refer to as “non-GAAP financial measures”. These non-GAAP financial measures include “Adjusted EBITDA”, “Adjusted EBITDA by segment”, “available liquidity”, “total debt to capital ratio”, “net debt to capital ratio”, and “expected capital expenditures”. Certain financial measures on West Fraser’s websites and in West Fraser’s public are not prepared in accordance with International Financial Reporting Standards (“IFRS”). These Non-GAAP and other specified financial measures are not generally accepted financial measures under IFRS accounting standards and do not have standardized meanings prescribed by IFRS accounting standards. Investors are cautioned that none of our Non-GAAP financial measures should be considered as an alternative to earnings or cash flow, as determined in accordance with IFRS accounting standards. As there is no standardized method of calculating any of these Non-GAAP and other specified financial measures, our method of calculating each of them may differ from the methods used by other entities and, accordingly, our use of any of these Non-GAAP and other specified financial measures may not be directly comparable to similarly titled measures used by other entities. Accordingly, these Non-GAAP and other specified financial measures are intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS Accounting Standards. Readers should refer to our annual and quarterly Management’s Discussion & Analysis for a reconciliation of the Non-GAAP measures used and presented by the Company to the most directly comparable measures under IFRS accounting standards.