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:23-Jul-12 2006 CANADA-US SOFTWOOD LUMBER AGREEMENT  SOFTWOOD LUMBER EXPORTS REPORT

Date of Revision July 23, 2012 12:10:52 PM EDT Period June 1, 2012 - June 30, 2012 Expected US Consumption 3,040,000,000 bfm Adjusted Expected US Consumption** 3,040,000,000 bfm Monthly Trigger Price $321 US Canadian Share of US Consumption Option A Regions 34%  Option B Regions 32%  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 63,967,268 70,363,995 44,432,125 63.1% BC Interior A 529,872,000 582,859,200 436,413,567 74.9% Alberta A 75,696,000 83,265,600 74,870,868 89.9% Saskatchewan B 13,161,412 10,419,412 79.2% 1,639,319 Manitoba B 8,869,647 810,863 9.1% 5,033,275 Ontario B 95,563,294 52,279,587 54.7% 260,740 Quebec B 139,053,176 77,049,797 55.4% Maritime Total 75,876,954 Territory Total 0 Excluded Companies 32,053,599 Total: 804,206,772 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: July 23, 2012