Western Forest Products Announced Dividend Payment

August 14, 2015

NANAIMO – Western Forest Products Inc. (WFP) announced August 10 that business for the company during the past few months has been good enough to allow it to pay a quarterly dividend of $0.02 per share to its investors. The WFP announcement stated the dividend will be paid with respect to the Company’s third fiscal quarter of 2015 to shareholders of record at the close of business on Tuesday, September 1, 2015. The sum will be distributed on or about Friday, September 18, 2015.

The dividend will return a portion of the Company’s net cash to shareholders, after taking into consideration the Company’s liquidity and ongoing capital needs. The Board of Directors will review the amount of the dividend on a quarterly basis. This dividend qualifies as an “eligible dividend” for Canadian income tax purposes.

WFP is an integrated Canadian forest products company and is the largest coastal British Columbia woodland operator and lumber producer. The Company has an annual available harvest of approximately 6.4 million cubic metres of timber, of which approximately 6.2 million cubic metres is from Crown lands. Western has a lumber capacity in excess of 1.1 billion board feet from seven sawmills and two remanufacturing plants.

WFP’s principal activities include timber harvesting, reforestation, sawmilling logs into lumber and wood chips, and value-added remanufacturing. Substantially all of Western’s operations, employees and corporate facilities are located in the coastal region of British Columbia, while its products are sold in over 25 countries worldwide.

– For more information, please visit: www.westernforest.com.

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