Mr. Hank Ketcham reports

WEST FRASER ANNOUNCES VOTING RESULTS OF THE ANNUAL SHAREHOLDERS MEETING

West Fraser Timber Co. Ltd. has released the voting results from its annual general and special meeting held on Tuesday, April 18, 2023, in Quesnel, B.C.

Voting results for the election of directors

A total of 69,696,525 common shares and Class B common shares were voted at the meeting, representing 83.41 per cent of the votes attached to all outstanding shares. Shareholders voted in favour of all items of business before the meeting, including the election of all director nominees as shown in the attached table.

Voting results for other matters

Shareholders approved the fixing the number of directors at 11.

Shareholders approved the appointment of PricewaterhouseCoopers LLP as auditor of the company.

The resolution on the company's approach to executive compensation (say-on-pay) as described in the company's management information circular dated March 9, 2023, was also approved, with 93.89 per cent of votes cast in favour.

The resolution on the amendment, restatement and continuation of the company's shareholder rights plan as described in the company's management information circular dated March 9, 2023, was also approved, with 73.19 per cent of votes cast in favour.

Detailed voting results for the meeting are available on SEDAR and EDGAR.

About West Fraser Timber Co. Ltd.

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 (oriented standard board), LVL (laminated veneer lumber), MDF (medium-density fibreboard), 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.