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:21-Feb-12 2006 CANADA-US SOFTWOOD LUMBER AGREEMENT  SOFTWOOD LUMBER EXPORTS REPORT

Date of Revision February 21, 2012 8:39:01 AM EST Period January 1, 2012 - January 31, 2012 Expected US Consumption 2,631,000,000 bfm Adjusted Expected US Consumption** 2,631,000,000 bfm Monthly Trigger Price $264 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 37,998,574 41,798,432 27,978,163 66.9% BC Interior A 458,583,300 504,441,630 369,914,093 73.3% Alberta A 65,511,900 72,063,090 69,980,371 97.1% Saskatchewan B 10,678,765 5,295,422 49.6% 5,332,984 Manitoba B 7,196,559 624,270 8.7% 4,003,524 Ontario B 77,537,118 48,901,019 63.1% 814,590 Quebec B 112,823,471 80,531,257 71.4% Maritime Total 70,856,894 Territory Total 0 Excluded Companies 30,494,695 Total: 704,576,184 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: February 21, 2012