Rayonier Announces Tax Treatment of 2012 Dividends

  Rayonier Announces Tax Treatment of 2012 Dividends

Business Wire

JACKSONVILLE, Fla. -- January 14, 2013

Rayonier (NYSE:RYN) today announced the tax reporting information for its 2012
cash distributions (dividends) on its Common Stock.

The dividends, totaling $1.68 per share, were paid quarterly as follows: $0.40
on March 31, 2012; $0.40 on June 29, 2012; $0.44 on Sept. 28, 2012; and $0.44
on Dec. 31, 2012, and are classified for income tax purposes as $1.68 (100%)
Capital Gain Distribution, taxed at a maximum rate of 15 percent.

The following table summarizes the income tax treatment of the company's 2012
dividends. The per share amounts in the table reflect a 10 percent increase
effective in the third quarter.

2012 Dividend Tax Reporting Information (Form 1099-DIV)

Rayonier Inc. Common Stock: RYN

CUSIP 754907103

                                   Cash               
                               Distribution   
Record Date       Payable Date       Per Share          Capital Gain
                                                        
03/16/2012        03/30/2012         $0.40              $0.40
06/15/2012        06/29/2012         $0.40              $0.40
09/14/2012        09/28/2012         $0.44              $0.44
12/17/2012        12/31/2012         $0.44              $0.44
                                                        
                  Totals:            $1.68              $1.68
                                                        

Taxability of the company’s 2012 common stock dividends should not be presumed
to be indicative or predictive of the taxability of future company dividends.

Shareholders are encouraged to consult with their tax advisers as to their
specific tax treatment of Rayonier dividends.

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.

Contact:

Rayonier
Investors: Ed Kiker, 904-357-9186
Media: Ed Frazier, 904-357-9100
 
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