Mr. Sean McLaren reports

WEST FRASER ANNOUNCES COMPLETION OF SALE

West Fraser Timber Co. Ltd. has completed the sale of its Quesnel River pulp mill and Slave Lake pulp mill to an affiliate of a fund managed by Atlas Holdings, following completion of customary regulatory reviews and satisfaction of customary closing conditions.

The mills will be operated by Millar Western Forest Products, which joined the global Atlas family of manufacturing and distribution businesses in 2017.

"We would like to thank our dedicated employees for their many years of service to West Fraser and the communities of Quesnel and Slave Lake," said Sean McLaren, president and chief executive officer West Fraser. "The sale of these two pulp assets, along with the disposition of Hinton Pulp earlier this year, enables West Fraser to focus its resources on becoming the premier building products company in North America."

The Quesnel River and Slave Lake pulp mills both produce bleached chemi-thermomechanical pulp (BCTMP) used to make paper products.

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, 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.

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