1: The Rayonier share issuance proposal: To approve the issuance of Rayonier common shares,
no par value, pursuant to the Agreement and Plan of Merger, dated as of October 13, 2025 (the
"merger agreement"), by and among Rayonier Inc. ("Rayonier"), PotlatchDeltic Corporation
("PotlatchDeltic") and Redwood Merger Sub, LLC ("Merger Sub"), as may be amended from
time to time (the "Rayonier share issuance proposal"). – For (379.458)
2: The Rayonier adjournment proposal: To approve the adjournment of the Rayonier special
meeting from time to time, if necessary or appropriate, to solicit additional proxies in the event
there are not sufficient votes at the time of the Rayonier special meeting to approve the
Rayonier share issuance proposal (the "Rayonier adjournment proposal"). – For (379.458)
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