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:18-Apr-12 2006 CANADA-US SOFTWOOD LUMBER AGREEMENT  SOFTWOOD LUMBER EXPORTS REPORT

Date of Revision April 18, 2012 9:26:48 AM EDT Period March 1, 2012 - March 31, 2012 Expected US Consumption 2,874,000,000 bfm Adjusted Expected US Consumption** 2,874,000,000 bfm Monthly Trigger Price $283 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 48,176,953 52,994,649 40,118,881 75.7% BC Interior A 500,938,200 551,032,020 390,965,307 71.0% Alberta A 71,562,600 78,128,334 77,775,177 99.5% Saskatchewan B 11,665,059 10,590,992 90.8% 842,003 Manitoba B 7,861,235 985,163 12.5% 4,046,328 Ontario B 84,698,471 48,851,877 57.7% 18,336 Quebec B 123,243,882 81,702,074 66.3% Maritime Total 87,891,622 Territory Total 0 Excluded Companies 33,804,536 Total: 772,685,629 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: April 18, 2012