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West Fraser Announces Renewal of Normal Course Issuer Bid

Newswire.ca - Thu Mar 19, 4:01PM CDT

VANCOUVER, BC, March 19, 2026 /CNW/ - West Fraser Timber Co. Ltd. ("West Fraser" or the "Company") (TSX and NYSE: WFG) announced today that the Toronto Stock Exchange ("TSX") has accepted West Fraser's notice to renew its normal course issuer bid ("NCIB"). Under the renewed NCIB, West Fraser will be entitled to purchase up to 3,800,917 Common shares ("Shares") of the Company, representing approximately 5% of the 76,018,344 Shares issued and outstanding as at March 10, 2026. The NCIB will commence on March 24, 2026. The purpose of the NCIB is to enable the Company to return capital to shareholders by way of repurchases of Shares, including when the Company believes its Shares are undervalued or represent an attractive investment opportunity. The Company believes that such repurchases are an appropriate use of the Company's available funds and in its best interests.

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