Forward-Looking Statements

This document includes forward-looking statements, as defined by applicable securities legislation. Often, but not always, forward-looking statements can be identified by the use of words such as “believes,” “expects,” “does not expect,” “is expected,” “targets,” “outlook,” “plans,” “scheduled,” “estimates,” “forecasts,” “intends,” “anticipates” or “does not anticipate” or variations of such words and phrases or statements that certain actions, events or results “may,” “could,” “would,” “might” or “will” be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Norbord to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements.

Examples of such statements include, but are not limited to, comments with respect to:

  1. outlook for the markets for products;
  2. expectations regarding future product pricing
  3. outlook for operations
  4. expectations regarding mill capacity and production volumes
  5. objectives
  6. strategies to achieve those objectives
  7. expected financial results
  8. sensitivity to changes in product prices, such as the price of OSB
  9. sensitivity to key input prices, such as the price of natural gas
  10. sensitivity to changes in foreign exchange rates
  11. Margin Improvement Program targets
  12. expectations regarding income tax rates
  13. expectations regarding compliance with environmental regulations
  14. expectations regarding contingent liabilities and guarantees, including the outcome of pending litigation
  15. expectations regarding the amount, timing and benefits of capital investments

Although Norbord believes it has a reasonable basis for making these forward-looking statements, readers are cautioned not to place undue reliance on such forward-looking information. By its nature, forward-looking information involves numerous assumptions, inherent risks and uncertainties, both general and specific, which contribute to the possibility that the predictions, forecasts and other forward-looking statements will not occur. These factors include, but are not limited to:

  1. assumptions in connection with the economic and financial conditions in the United States, Europe, Canada and globally
  2. risks inherent with product concentration
  3. effects of competition and product pricing pressures
  4. outcome of the OSB class action lawsuits
  5. risks inherent with customer dependence
  6. effects of variations in the price and availability of manufacturing inputs including continued access to fibre resources at competitive prices
  7. various events which could disrupt operations, including natural events and ongoing relations with employees
  8. impact of changes to or non-compliance with environmental regulations
  9. impact of any product liability claims in excess of insurance coverage
  10. risks inherent with a capital intensive industry
  11. impact of future outcome of certain tax exposures
  12. effects of currency exposures and exchange rate fluctuations.

The above list of important factors affecting forward-looking information is not exhaustive. Additional factors are noted elsewhere and reference should be made to the other risks discussed in filings with Canadian securities regulatory authorities. Except as required by applicable law, Norbord does not undertake to update any forward-looking statements, whether written or oral, that may be made from time to time by or on behalf of the Company, whether as a result of new information, future events or otherwise, or to publicly update or revise the above list of factors affecting this information.