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ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS OF
WEST FRASER TIMBER CO. LTD.
(“WEST FRASER”)
Wednesday, April 22, 2026 – 11:00 a.m.
Vancouver, British Columbia
Voting Results
This report on the voting results of the annual general and special meeting of shareholders of West Fraser is made in accordance with section 11.3 of National Instrument 51-102 Continuous Disclosure Obligations.
The management of West Fraser recommended that Shareholders vote FOR matters 1, 2, 3, 4 and 5 below:
| 1. | Number of Directors |
The number of directors was set at 11 by a show of hands (no ballot).
| 2. | Election of Directors |
Each of the 11 nominees listed in the information circular were elected as directors of West Fraser.
| Nominee |
Votes For |
% Votes For |
Votes Withheld |
% Votes Withheld |
||||||||||||
| Henry H. Ketcham |
57,936,642 | 86.40 | 9,119,807 | 13.60 | ||||||||||||
| Doyle N. Beneby |
66,543,465 | 99.23 | 512,984 | 0.77 | ||||||||||||
| Eric L. Butler |
67,031,881 | 99.96 | 24,568 | 0.04 | ||||||||||||
| Reid E. Carter |
65,657,002 | 97.91 | 1,399,447 | 2.09 | ||||||||||||
| John N. Floren |
66,323,395 | 98.91 | 733,054 | 1.09 | ||||||||||||
| Ellis Ketcham Johnson |
66,626,552 | 99.36 | 429,897 | 0.64 | ||||||||||||
| Brian G. Kenning |
58,403,048 | 87.10 | 8,653,401 | 12.90 | ||||||||||||
| Marian Lawson |
67,030,026 | 99.96 | 26,423 | 0.04 | ||||||||||||
| Sean P. McLaren |
66,780,396 | 99.94 | 37,518 | 0.06 | ||||||||||||
| Colleen M. McMorrow |
67,018,931 | 99.94 | 37,518 | 0.06 | ||||||||||||
| Gillian D. Winckler |
66,895,719 | 99.76 | 160,729 | 0.24 | ||||||||||||
3. Appointment of Auditor
The auditor listed in the information circular was appointed as auditor of West Fraser by a show of hands (no ballot).
4. Advisory Resolution on our Approach to Executive Compensation
West Fraser’s approach to executive compensation was approved (on an advisory basis) as described in the information circular.
| Votes For | % Votes For | Votes Against | % Votes Against | |||||||||
| 57,944,763 |
86.41 | 9,111,681 | 13.59 | |||||||||
5. Resolution to Reconfirm and Continue the Shareholders Rights Plan
West Fraser’s reconfirmation and continuation of the Shareholder Rights Plan was approved as described in the information circular.
| Votes For | % Votes For | Votes Against | % Votes Against | |||||||||
| 58,355,887 |
87.03 | 8,700,561 | 12.97 | |||||||||
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