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:24-May-12 2006 CANADA-US SOFTWOOD LUMBER AGREEMENT  SOFTWOOD LUMBER EXPORTS REPORT

Date of Revision May 24, 2012 1:24:45 PM EDT Period April 1, 2012 - April 30, 2012 Expected US Consumption 3,083,000,000 bfm Adjusted Expected US Consumption** 3,083,000,000 bfm Monthly Trigger Price $289 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 72,607,630 79,868,393 36,709,881 46.0% BC Interior A 537,366,900 591,103,590 368,721,126 62.4% Alberta A 76,766,700 84,443,370 71,443,573 84.6% Saskatchewan B 12,513,353 8,275,193 66.1% 3,210,746 Manitoba B 8,432,912 1,088,376 12.9% 4,555,656 Ontario B 90,857,824 55,233,872 60.8% 1,080,208 Quebec B 132,206,294 92,246,821 69.8% Maritime Total 81,627,274 Territory Total 0 Excluded Companies 35,039,846 Total: 750,385,962 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: May 24, 2012