Investor Presentation

Diversified Mix of Domestic & Export Markets Volume by Market Destination (2022) RMF Domestic 35% RMF Export 50% Trading 15% Korea 10% Other 3% China 87% Over half of the New Zealand segment's volume (excluding Trading volume) is sold into export markets, with China being the largest source of demand. Rayonier Investor Presentation | March 2023 20 20

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