Canfor Pulp Products Inc. — Proxy Solicitation & Information Statement 2026

Feb 4, 2026

Canfor Pulp Products Inc.

(the "Company")

Special Meeting

March 6, 2026 at 11:00AM PT

Virtually at https://virtual-meetings.tsxtrust.com/1872

(the "Meeting")

Electronic Delivery If you are a registered securityholder and wish to enroll for electronic delivery for future issuer communications including meeting related materials, financial statements, DRS, etc., where applicable, you may do so: 1. After you vote online at https://www.meeting-vote.com using your 13-digit control number. 2. Through TSX Trust's online portal, Investor Central. You may log in or enroll at services.tsxtrust.com/edelivery
VOTING METHOD
INTERNET	Go to https://www.meeting-vote.com and enter the 13 digit control numbers above
FACSIMILE	416-607-7964
MAIL or HAND DELIVERY	TSX Trust Company
BY MAIL: Proxy Department, P.O. Box 721, Agincourt, ON M1S 0A1
BY HAND: 301 - 100 Adelaide Street West, Toronto, Ontario, M5H 4H1
Investor Central
TSX Trust Company offers at no cost to holders, the convenience of secure 24-hour access to all data relating to their account including summary of holdings, transaction history, and links to valuable holder forms and Frequently Asked Questions.
To register, please visit: https://www.tsxtrust.com/icreg and complete the registration form.
For assistance, please contact TSX TRUST INVESTOR SERVICES.
Mail: 301 - 100 Adelaide Street West Toronto, ON, M5H 4H1
Tel: 1-800-387-0825 or 416-682-3860
Email: shareholderinquiries@tmx.com

Proxy Voting – Guidelines and Conditions

1. THIS PROXY IS SOLICITED BY OR ON BEHALF OF THE MANAGEMENT OF THE COMPANY.
2. THIS PROXY SHOULD BE READ IN CONJUNCTION WITH THE MEETING MATERIALS PRIOR TO VOTING.
3. If you appoint the Management Nominees indicated on the reverse to vote on your behalf, they must also vote in accordance with your instructions or, if no instructions are given, in accordance with the Voting Recommendation highlighted for the Resolution on the reverse. If you appoint someone else to vote your securities, they will also vote in accordance with your instructions or, if no instructions are given, as they in their discretion choose.
4. This proxy confers discretionary authority on the person named to vote in their discretion with respect to amendments or variations to the matters identified in the Notice of the Meeting accompanying the proxy or such other matters which may properly come before the meeting or any adjournment or postponement thereof.
5. The securityholder has a right to appoint a person or company to represent the securityholder at the meeting other than the person or company designated in the form of proxy. Such right may be exercised by inserting, on the reverse of this form, in the space labeled "Please print appointee name", the name of the person to be appointed, who need not be a securityholder of the Company, and striking out the names of the Management Nominees.
6. To be valid, this proxy must be signed. Please date the proxy. If the proxy is not dated, it is deemed to bear the date of its mailing to the securityholders of the Company.
7. To be valid, this proxy must be filed using one of the Voting Methods and must be received by TSX Trust Company before the Filing Deadline for Proxy, noted on the reverse or in the case of any adjournment or postponement of the meeting not less than 48 hours (Saturdays, Sundays and holidays excepted) before the time of the adjourned or postponed meeting. Late proxies may be accepted or rejected by the Chair of the meeting in their discretion, and the Chair is under no obligation to accept or reject any particular late proxy.
8. If the holder is a corporation, the proxy must be executed by an officer or attorney thereof duly authorized, and the holder may be required to provide documentation evidencing the signatory's power to sign the proxy.
9. Guidelines for proper execution of the proxy are available at www.stac.ca. Please refer to the Proxy Protocol.

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TMX
TSX TRUST

FORM OF PROXY ("PROXY")

Canfor Pulp Products Inc.
(the "Company")

Special Meeting
March 6, 2026 at 11:00AM PT
Virtually at https://virtual-meetings.tsxtrust.com/1872

SECURITY CLASS: COMMON SHARES
RECORD DATE: January 20, 2026
FILING DEADLINE FOR PROXY: March 4, 2026 at 11:00AM PT

APPOINTEES

The undersigned hereby appoints Norm Mayr, whom failing Craig Armstrong (the "Management Nominees"), or instead of any of them, the following Appointee

Please print appointee name

as proxyholder on behalf of the undersigned with the power of substitution to attend, act and vote for and on behalf of the undersigned in respect of all matters that may properly come before the meeting and at any adjournment(s) or postponement(s) thereof, to the same extent and with the same power as if the undersigned were personally present at the said meeting or such adjournment(s) or postponement(s) thereof in accordance with voting instructions, if any, provided below.

• SEE VOTING GUIDELINES ON REVERSE -

RESOLUTIONS - VOTING RECOMMENDATION IS INDICATED BY HIGHLIGHTED TEXT ABOVE THE BOXES

1. Arrangement Resolution

Pursuant to an interim order of the Supreme Court of British Columbia dated January 28, 2026, as the same may be amended, modified or varied, for shareholders of the Company to consider and, if deemed advisable, to pass, with or without variation, a special resolution, the full text of which is set forth in Appendix "A" of the accompanying management information circular (the "Circular"), approving a statutory plan of arrangement involving the Company and Canfor Corporation, pursuant to Division 5 of Part 9 of the Business Corporations Act (British Columbia), all as more particularly described in the Circular.

FOR	AGAINST
☐	☐

This proxy revokes and supersedes all earlier dated proxies and MUST BE SIGNED

PLEASE PRINT NAME

Signature of registered owner(s)

Date (MM/DD/YYYY)