West Fraser and Mercer Announce Dissolution of Cariboo Pulp and Paper Joint Venture - Seite 2

About Mercer International Inc.

Mercer International Inc. is a global forest products company with operations in Germany, the United States and Canada with consolidated annual production capacity of 2.3 million tonnes of pulp, 960 million board feet of lumber, 210,000 cubic meters of cross-laminated timber, 45,000 cubic meters of glulam, 17 million pallets and 230,000 metric tonnes of biofuels.

Forward-Looking Statements

This news release contains forward-looking information or forward-looking statements (collectively, “forward looking statements”) within the meaning of applicable securities laws. These forward-looking statements include, among other things, in the case of West Fraser, West Fraser continuing as sole owner/operator of mill, the annual production capacity of the mill and the better positioning of West Fraser to support the mill, and, in the case of Mercer, the redeployment resources by Mercer to areas better aligned with its long-term focus and anticipated impairment charge. Any such forward-looking statements are based on information currently available to West Fraser and Mercer and are based on assumptions and analyses made by each of West Fraser and Mercer considering their respective experience and perception of historical trends and current conditions and are subject to inherent risks and uncertainties including the potential impact of the announcement or completion of the transaction on relationships, including regulatory bodies, employees, suppliers, customers and competitors. Readers should also refer, in the case of West Fraser, to the risk factors set forth in West Fraser's annual information form and management's discussion and analysis for the year ended December 31, 2023, each dated February 14, 2024, available at SEDAR+ (www.sedarplus.ca) and EDGAR (www.sec.gov/edgar) and, in the case of Mercer, to the risk factors set forth in Mercer's annual report on Form 10-K and the management's discussion and analysis therein for the year ended December 31, 2023, dated February 15, 2024, available at EDGAR (www.sec.gov/edgar). There can be no assurance that the plans, intentions, or expectations upon which forward-looking statements are based will be realized. Actual results may differ, and the difference may be material and adverse to West Fraser and its shareholders or to Mercer and its shareholders. Except as may be required by law, West Fraser and Mercer undertake no obligation to publicly update or revise any forward-looking statements.