Investor Presentation

Real Estate Development: Focused Strategy Florida HBU Portfolio Georgia HBU Portfolio WHITE OAK PLANTATION A1A THREE RIVERS CREEK RIVER CARTISAN POINTS Yulee HIDEWAY TRADEPLEX A1A MEADOWFIELD GLEN HERON ESLES LOFTON PIRATES WOODS VILLAGE NORTH HAMPTON PARKE AMELIA NATIONAL AMELIA WALK ~24,000 acres north of Jacksonville, FL 95 15B 15A 17B 17A BELFAST KELLE REMAINING PUD AREA T 10 10 BELFAST TRAIL ROAD ~20,000 acres south of Savannah, GA 11 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 Investor Presentation | May 2020 49

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