Investor Presentation

I-95 Coastal Corridor - Active Portfolio Management BRYAN CO 20 40 Miles Savannah Hinesville LIBERTY CO LONG CÓ GEORGIA CAMDEN CO NASSAU CO MCINTOSH CO GLYNN CO 95 OUVAL CO Brunswick St. Marys- Kingsland Fernandina Beach PLANNING NODES BRYAN COUNTY - US 17 BELFAST Commerce Park BELFAST 1 KILKENNY BELFAST 2 RICHMOND HILL Mixed Use ST MARYS / CAMDEN GA EAST NASSAU NORTHERN WEST NASSAU 3 ST MARYS BLUFF'S EAST NASSAU Residential / Hospitality EAST NASSAU REMAINDER CHESTER RD. WILDLIGHT EAST NASSAU SOUTHERN Rayonier planning areas Other Rayonier properties Active projects (Improved) Active projects (Unimproved) Under evaluation Optimize timberland value Georgia Low County (Savannah, Richmond Hill, Bryan County) Florida Low County (St. Mary's, Nassau County) WEST NASSAU 1 10 295 Jacksonville WEST NASSAU 2 • • CRAWFORD DIAMOND sold Wildlight Richmond Hill Belfast 1 FLORIDA NORTH ST. JOHNS • DEEP CREEK sold • St. Augustine ST.JOHNS CO SOUTH ST. JOHNS 1 sold Belfast Com. Ctr. North St. Johns Crawford Diamond South St. Johns SOUTH ST. JOHNS 2 sold Deep Creek Selected Transactions (2013-2019) 91 ac | $222,301/ac 6.86 ac | $145,773/ac 8.8 ac $91,429/ac 187 ac $35,244/ac 1,383 ac | $18,323/ac 2,209 ac | $10,000/ac 11,488 ac 1,994 ac $3,644/ac $3,200/ac Gainesville ST. JOHNS REMAINDER Palm Coast SOUTH ST. JOHNS 3 sold Rayonier SOUTH ST. JOHNS 4 sold 48 FLAGLER CO Daytona Beach NEOGA LAKES

View entire presentation