Interfor Provides Update on Director Succession Process

Interfor Corporation (“Interfor” or the “Company”) provided an update on its ongoing director succession process. The Company has updated its diversity target for its board of directors (“Board”) and commits that at least 30% of its Board members will be women by its next annual general meeting of shareholders (“AGM”) in 2024.

The sole reason the Company could not revert to at least 30% women representation on its Board at the upcoming May 2023 AGM, was the unexpected unavailability of Ms. Hull for re-election, for personal reasons.

For more information regarding the Company’s ongoing director succession process, which includes consideration of a broad range of diversity principles, ensuring continuity and sufficient staffing of the Board and its committees, and the engagement of external search consultants, please see the information circular for our upcoming AGM, which is available for download from our website at www.interfor.com/investors/reports, and under Interfor’s profile on SEDAR at www.sedar.com.

About Interfor

Interfor is a growth-oriented forest products company with operations in Canada and the United States. The Company has annual lumber production capacity of approximately 5.2 billion board feet and offers a diverse line of lumber products to customers around the world. For more information about Interfor, visit our website at www.interfor.com.

Contacts:

Rick Pozzebon – Executive Vice President & Chief Financial Officer – (604) 689-6804

Source: Interfor Corporation