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 3:52:57 PM EDT Period December 1, 2011 - December 31, 2011 Expected US Consumption 2,508,000,000 bfm Adjusted Expected US Consumption** 2,508,000,000 bfm Monthly Trigger Price $257 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 45,687,615 50,256,377 26,736,226 53.2% BC Interior A 437,144,400 480,858,840 383,416,611 79.7% Alberta A 62,449,200 68,694,120 67,515,417 98.3% Saskatchewan B 10,179,529 4,988,908 49.0% 3,765,202 Manitoba B 6,860,118 275,843 4.0% 4,116,071 Ontario B 73,912,235 38,185,616 51.7% 1,040,224 Quebec B 107,548,941 70,279,801 65.3% Maritime Total 77,575,125 Territory Total 0 Excluded Companies 26,933,840 Total: 695,907,387 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