Investor Presentation

Real Estate Development: Focused Strategy Wildlight Portfolio (North of Jacksonville, Florida) Heartwood Portfolio (South of Savannah, Georgia) 10 Miles 5 Miles 17 95 Wildlight to Jacksonville Airport 12 miles ~15 min drive A1A Wildlight to Amelia Island 12 miles -20 min drive Legend Current Phase Rayonier Ownership 10 Miles Heartwood to Hyundai Meta Plant 28 miles ~30 min drive 5 Miles 95 17 Heartwood to Port of Savannah 27 miles ~30 min drive 144 Legend Current Phase Commerce Park Rayonier Ownership ~26,000 acres owned within a 5-mile radius ~55,000 acres owned within a 10-mile radius ~13,000 acres owned within a 5-mile radius ~20,000 acres owned within a 10-mile radius Rayonier has two unique HBU land portfolios located in close proximity to I-95 north of Jacksonville, FL and south of Savannah, GA, which provide long-term development opportunities. Rayonier 50 Investor Presentation | August 2023 N

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