FOREIGN AFFAIRS AND INTERNATIONAL TRADE CANADA / AFFAIRES ÉTRANGÈRES ET COMMERCE INTERNATIONAL CANADA TRADE CONTROLS & TECHNICAL BARRIERS BUREAU /DIRECTION GÉNÉRALE DE LA RÈGLEMENTATION COMMERCIALE ET DES OBSTACLES TECHNIQUES SWLSLA_RUP Date:19-Oct-12 2006 CANADA-US SOFTWOOD LUMBER AGREEMENT  SOFTWOOD LUMBER EXPORTS REPORT

Date of Revision October 19, 2012 3:49:29 PM EDT Period November 1, 2011 - November 30, 2011 Expected US Consumption 2,634,000,000 bfm Adjusted Expected US Consumption** 2,634,000,000 bfm Monthly Trigger Price $265 US Canadian Share of US Consumption Option A Regions 34%  Option B Regions 30%  Region Option Regional Share (bfm) Surge Trigger (bfm)* Quota Volume (bfm) Exports (bfm) Surge Trigger (bfm)* % Quota Volume Remainder Pool Balance (bfm)*** BC Coastal A 43,960,748 48,356,823 19,674,871 40.7% BC Interior A 459,106,200 505,016,820 398,344,110 78.9% Alberta A 65,586,600 72,145,260 81,016,055 112.3% Saskatchewan B 10,690,941 7,313,447 68.4% 2,584,002 Manitoba B 7,204,765 308,002 4.3% 4,215,255 Ontario B 77,625,529 52,353,811 67.4% 63,000 Quebec B 112,952,118 90,540,291 80.2% Maritime Total 87,758,540 Territory Total 0 Excluded Companies 32,117,933 Total: 769,427,060 Notes: Export volumes are based on export permit data and are subject to corrections and final reconciliation. * Represents 110% of Regional Share **For purposes of calculating Regional Quota Volumes under Option B, the EUSC is adjusted in accordance with paragraph 14 of Annex 7D of the Softwood Lumber Agreement 2006. *** Based on export permit data as of the date and time of revision and subject to corrections and final reconciliation. SWLSLA_RUP     Date: October 19, 2012