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Western Forest Products Inc Reinstates Quarterly Dividend and Confirms Record Date of First Quarter 2021 Dividend

Western Forest Products Inc Announces Amendments to By-Laws and Adoption of Advance Notice By-Law

TSX: WEF VANCOUVER, BC, Feb. 19, 2021 /PRNewswire/ - Western Forest Products Inc. (TSX: WEF) ( Western or the Company ) announced today the adoption by its board of directors (the Board ) of (i) amendments to its by-laws to allow for virtual meetings and (ii) an advance notice by-law. By-law Amendments On November 5, 2020, the Board approved amendments to our by-laws (the By-law Amendments ) which allow for, among other things, notice of meetings to be given to shareholders by electronic means and meetings of shareholders to be held by telephonic, electronic or other communications facilities. Advance Notice By-law On November 5, 2020, the Board adopted an advance notice by-law (the Advance Notice By-law ). The Advance Notice By-law creates procedures for giving advance notice to the Board of shareholder nominations for directors at any meeting of shareholders where directors are being elected in order to facilitate an orderly and efficient meeting process and allow a

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