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West Fraser Announces Voting Results of the Annual Shareholders Meeting

1. WFG shareholder meeting held with 75.75% share vote participation. 2. All director nominees elected with high approval rates. 3. Executive compensation resolution approved with 90.04% in favor. 4. Appointment of PricewaterhouseCoopers as auditor confirmed by shareholders. 5. West Fraser continues promoting sustainable practices in wood production.

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FAQ

Why Bullish?

High approval for directors and executive compensation supports management confidence, reflecting positively on future performance.

How important is it?

Strong backing from shareholders creates stability around WFG, influencing its market perception positively.

Why Short Term?

Short-term impact expected due to recent positive voting results, influencing investor sentiment quickly.

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, /PRNewswire/ - West Fraser Timber Co. Ltd. ("West Fraser" or the "Company") (TSX andNYSE: WFG) announced the voting results from its Annual General Meeting held on Wednesday, April 23, 2025 in Quesnel, B.C. Voting Results for the Election of Directors A total of 60,282,131 Common shares and Class B Common shares were voted at the meeting, representing 75.75% of the votes attached to all outstanding shares. Shareholders voted in favour of all items of business before the meeting, including the election of all director nominees as follows: Director Votes For % of Votes in Favour Votes Withheld % of Votes Withheld Hank Ketcham 52,742,263 90.39 5,609,861 9.61 Doyle N. Beneby 56,175,632 96.27 2,176,492 3.73 Eric L. Butler 58,297,503 99.91 54,621 0.09 Reid E. Carter 57,416,618 98.40 935,506 1.60 John N. Floren 57,749,539 98.97 602,584 1.03 Ellis Ketcham Johnson 57,688,916 98.86 663,207 1.14 Brian G. Kenning 56,429,554 96.71 1,922,569 3.29 Marian Lawson 58,292,363 99.90 59,761 0.10 Sean P. McLaren 58,325,333 99.93 39,162 0.07 Colleen M. McMorrow 58,312,962 99.93 39,162 0.07 Janice G. Rennie 52,607,441 90.16 5,744,682 9.84 Gillian D. Winckler 58,107,870 99.58 244,253 0.42 Voting Results for Other Matters Shareholders approved the fixing the number of directors at twelve (12) by show of hands. Shareholders approved the appointment of PricewaterhouseCoopers LLP as auditor of the Company by show of hands. The resolution on the Company's approach to executive compensation (Say-on-Pay) as described in the Company's management information circular dated March 6, 2025 was also approved, with 90.04% of votes cast in favour. Detailed voting results for the meeting are available on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov/edgar.  About West Fraser West Fraser is a diversified wood products company with more than 50 facilities in Canada, the United States, the United Kingdom, and Europe, which promotes sustainable forest practices in its operations. The Company produces lumber, engineered wood products (OSB, LVL, MDF, 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. For more information about West Fraser, visit www.westfraser.com.  For More Information Investor ContactRobert B. Winslow, CFADirector, Investor Relations & Corporate DevelopmentTel. (416) 777-4426[email protected] Media ContactJoyce WagenaarDirector, CommunicationsTel. (604) 817-5539[email protected] SOURCE West Fraser Timber Co. Ltd. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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