Western Forest Products Inc. Announces Effective Date of Share Consolidation

Core Points - Western Forest Products Inc. announced the effective date for the consolidation of its common shares, which will be on July 24, 2025, at a ratio of one post-consolidation share for every 30 pre-consolidation shares [1][2] - The Toronto Stock Exchange has approved the Share Consolidation, and trading of the post-consolidation shares is expected to begin on July 28, 2025 [2] - The number of issued and outstanding common shares will decrease from approximately 316,745,557 to about 10,558,185 post-consolidation, subject to rounding adjustments [4] Share Consolidation Details - No fractional common shares will be issued; fractional interests will be rounded down or up based on their value [3] - Computershare Investor Services Inc. will act as the exchange agent for the Share Consolidation, providing registered shareholders with a letter of transmittal to facilitate the process [5] - Non-registered shareholders should consult their intermediaries for specific procedures related to the Share Consolidation [6] Company Overview - Western Forest Products is an integrated forest products company focused on a margin-driven log and lumber business, primarily operating in British Columbia and Washington State [8] - The company has a lumber capacity of 780 million board feet from six sawmills and operates four remanufacturing facilities and two glulam manufacturing facilities [8] - Western sources timber through long-term licenses, First Nations arrangements, and market purchases, supplemented by a wholesale program for specialty products [8]