Rayonier Announces Fourth Quarter 2012 Dividend

  Rayonier Announces Fourth Quarter 2012 Dividend

Business Wire

JACKSONVILLE, Fla. -- October 19, 2012

Rayonier (NYSE:RYN) announced today that the company’s board of directors has
declared a fourth quarter cash dividend of 44 cents per common share. The
dividend is payable on Dec. 31, 2012 to shareholders of record on Dec. 17,

For further information, visit the company’s website at www.rayonier.com.
Complimentary copies of Rayonier press releases and other financial documents
are available by calling 1-800-RYN-7611.

About Rayonier

Rayonier is a leading international forest products company with three core
businesses: Forest Resources, Real Estate and Performance Fibers. The company
owns, leases or manages 2.7 million acres of timber and land in the United
States and New Zealand. The company's holdings include approximately 200,000
acres with residential and commercial development potential along the
Interstate 95 corridor between Savannah, Ga., and Daytona Beach, Fla. Its
Performance Fibers business is one of the world's leading producers of
high-value specialty cellulose fibers, which are used in products such as
filters, pharmaceuticals and LCD screens. Approximately 45 percent of the
company's sales are outside the U.S. to customers in approximately 40
countries. Rayonier is structured as a real estate investment trust. More
information is available atwww.rayonier.com.


Carl Kraus, 904-357-9158
Ed Kiker, 904-357-9186
Ed Frazier, 904-357-9149
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