Mr. Sean McLaren reports

WEST FRASER CREDIT FACILITY AND TERM LOAN RENEWALS INCREASE LIQUIDITY

West Fraser Timber Co. Ltd. has entered into a syndicated credit agreement providing for the renewal of its $1-billion credit facility and extension of the facility's maturity from July, 2028, to May, 2030. The renewed credit facility is undrawn and is made available on substantially the same terms and conditions as the company's existing credit facility. Additionally, the company has increased and extended its existing $200-million term loan maturing July, 2025. The new term loan is for $300-million and matures in May, 2028.

"We exited the first quarter of 2025 with more than $1.4-billion of available liquidity, and with this renewed credit facility and expanded term loan, we have further strengthened West Fraser's near-term liquidity and financial flexibility," said Sean McLaren, president and chief executive officer, West Fraser.

About West Fraser Timber Co. Ltd.

West Fraser is a diversified wood products company with more than 50 facilities in Canada, the United States, the United Kingdom and Europe, and promotes sustainable forest practices in its operations. The company produces lumber, engineered wood products (oriented strand board, laminate veneer lumber, medium-density fibreboard, plywood and particleboard), pulp, newsprint, wood chips and other residuals. West Fraser's products are used in home construction, repair and remodelling, industrial applications, papers, and tissue.