Ainsworth Lumber Amends the Consent Solicitation for its 6.750% Senior Notes Due March 15, 2014

Business Wire, Feb 11, 2006

VANCOUVER, British Columbia -- Ainsworth Lumber Co. Ltd. (the "Company") (TSX:ANS) announced today that it will increase the consent solicitation fee payable in connection with its previously announced solicitation of consents to certain indenture amendments relating to its US$210,000,000 aggregate principal amount of 6.750% Senior Notes due March 15, 2014, issued under the indenture dated as of March 3, 2004, and its US$110,000,000 aggregate principal amount of 6.750% Senior Notes due March 15, 2014, issued under the indenture dated as of May 19, 2004 (collectively, the "Notes"). The amendment is being made as part of an informal agreement with a group of noteholders.

The consent fee payable by the Company to holders of Notes as of 5:00 p.m., New York City time, on February 1, 2006 that have delivered valid (and have not revoked) consents on or prior to the Expiration Date has been increased to $5.00 per $1,000 principal amount of Notes, instead of the previously announced consent fee of $2.50 per $1,000 principal amount of Notes.

The expiration of the consent solicitation has been extended from 5:00 p.m., New York City time, on February 15, 2006, to 5:00 p.m., New York City time, on February 17, 2006.

All other provisions of the consent solicitation remain applicable.

Goldman, Sachs & Co. is acting as Solicitation Agent in connection with the consent solicitation. The Information Agent is Global Bondholder Services Corporation.

Information regarding the conditions of the consent solicitation is contained in the Consent Solicitation Statement dated February 2, 2006, as amended and supplemented, and related documents. Copies of these documents can be obtained by contacting Global Bondholder Services Corporation, the Information Agent, at (866) 873-6300 (toll free) or (212) 430-3774 (collect) or in writing at 65 Broadway, Suite 74, New York, NY, 10006. Additional information concerning the terms and conditions of the consent solicitation may be obtained by contacting Goldman, Sachs & Co., Credit Liability Management Group, at (800) 828-3182 (toll free) or (212) 357-7867 (collect) or in writing One New York Plaza, 48th Floor, New York, New York 10004.

This announcement is not an offer to purchase or sell, a solicitation of an offer to purchase or sell or a solicitation of consents with respect to any securities. The consent solicitation is being made solely pursuant to the Consent Solicitation Statement, as supplemented by the Amendment to Consent Solicitation Statement, dated February 10, 2006.

Ainsworth Lumber Co. Ltd. (TSX:ANS)