Rayonier Inc. (NYSE:RYN) plans to release its third quarter 2008 earnings on Wednesday, October 22, 2008, before the market opens.

Rayonier will host a conference call and live webcast with the investment community at 11:00 a.m. EDT the same day to discuss these results. Investors may listen to the conference call by dialing (888) 215-6825. It is suggested that you call 10-15 minutes prior to the start of the teleconference.

A replay of the teleconference will be available from 1:00 p.m. EDT on October 22 until midnight on Wednesday, October 29. The replay number is (888) 203-1112 and the confirmation code is 4532593.

To listen to the live webcast of this conference call, log on to www.rayonier.com and follow the link. Supplemental material for this call will be available on the website. A replay of this webcast will be archived on the company’s website shortly after the call.

About Rayonier

Rayonier is a leading international forest products company with three core businesses: Timber, Real Estate and Performance Fibers. The company owns, leases or manages 2.6 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 fast-growing Interstate 95 corridor between Savannah, Georgia, and Daytona Beach, Florida. Its Performance Fibers business is the world’s leading producer of high-value specialty cellulose fibers. Approximately 40 percent of the company’s sales are outside the U.S. to customers in more than 50 countries. Rayonier is structured as a real estate investment trust. More information is available at www.rayonier.com.

Rayonier, Jacksonville
Media Relations:
Shannon Thuren, 904-357-9181
Investor Relations:
Carl Kraus, 904-357-9158