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Investor Presentation

Overview of Wildlight Community Development WILDLIGHT FLORIDA LOWCOUNTRY LIVING ■ 261 net-acre Wildlight Village Center commenced development in March 2016 ■ Well positioned in a growing sub-market ■ Rayonier owns ~25,000 acres in a 5-mile radius ■ Land use entitlements in place to support future growth ■ Total Sales Project-To-Date*: ■ Commercial: $16.4MM gross sales (78 gross ac) (76 net ac) Residential: $3.9MM gross sales (84 lots) (13 gross & net ac) Wildlight Elementary School & Rayonier HQ Office Building completed August 2017 ■ 6-lane A1A highway and new Interstate 95 interchange under construction completing end of 2020 Our strategy is to target Northeast Florida market demand and catalyze value across our significant land holdings over time. Rayonier * Includes sales from 6/30/17 - 12/31/19. Investor Presentation | May 2020 50
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