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2010 2011 2012 2013 2013 to SEP 2014 to SEP

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Canada Softwood Log Exports by Value : 2010 to Sept 2014 to US to China to S Korea to Japan

VALUES of Canada Softwood Log EXPORTS ( Top 4 Countries) Jan – Sept 2013: $621.62 million VALUES of Canada Softwood Log EXPORTS (Top 4 Countries) Jan – Sept 2014: $648.97 million (up 4.2%)

Our quarterly product is tailored to provide you with vital information about the North American solid wood, pulp, and paper industry at your fingertips in a timely manner.

Canada Softwood Log Exports: To USA, China, S Korea, Japan

VALUES 2010 to SEPT 2014

SOURCE: StatsCan

US Softwood Log Exports: To Canada, China, Japan

VOLUMES 2010 to SEPT 2014

VALUES of US Softwood Log EXPORTS ( Top 3 Countries) Jan – Sept 2013: US$1,097.5 million VALUES of US Softwood Log EXPORTS (Top 4 Countries) Jan – Sept 2014: US$1,148.7 million (up 4.5%)

0 50000

100000 150000 200000 250000 300000 350000 400000 450000 500000 550000 600000 650000 700000 750000 800000 850000 900000

2010 2011 2012 2013 2013 to Sep 2014 toSep

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US Softwood Log Exports : Values 2010 to September 2014 Canada China Japan

SOURCE: US Censtats

265!285!305!325!345!365!385!405!425!445!465!485!

Dec! Jan! Feb! Mar! Apr! May! June! July! Aug! Sept! Oct! Nov! Dec!

US$

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FIVE  KEY  2x4  KD  R/L  DIMENSION  LUMBER  PRICES  December  2013  -­‐  2014                      .  

WSPF KD 2x4 HEM/FIR inland 2x4 ESPF KD 2x4 SYP EAST 2x4 Doug Fir green 2x4

Benchmark Western Spruce-Pine-Fir R/L KD 2x4 #2&Btr Dec: 2014 US$336, 2013 US$370 (down 9.2%) Eastern Spruce-Pine-Fir R/L KD 2x4 #2&Btr Nov: 2014 US$425, 2013 US$460 (down 7.6%) Southern Yellow Pine East Side R/L KD 2x4 #2&Btr Nov: 2014 US$415, 2013 US$420 (down 1.2%) Hem-Fir Inland KD 2x4 #2&Btr Nov: 2014 US$378, 2013 US$410 (down 7.8%) Douglas fir green 2x4 #2&Btr Nov: 2014 US$318, 2013 US$325 (down 2.2%)

All prices US dollars per thousand board feet net fob mill

Construction Framing Dimension Lumber Price Comparison : North America

December 2013 to 2014

SOURCE: Madison’s Lumber Reporter www.madisonsreport.com

SALE

EXTENDED! NOV 31 ONLY

SALE

EXTENDED! NOV 31 ONLY

SOURCE: Google Finance Canfor, Interfor, West Fraser Timber, Resolute Forest Products

December 2012 to December 2014 : Share prices of major Canadian forest products companies in the past 2 years

have increased by between 79% and 278% .

While the S&P TSX index has increased by 16% in the same time frame.

CANADIAN FOREST PRODUCTS COMPANY SHARES vs S&P TSX Index :

Dec 2012 to Dec 2014