Rayonier First Quarter Earnings Release Schedule

JACKSONVILLE, Fla.--(Business Wire)--
Rayonier Inc. (NYSE:RYN) plans to release its first quarter 2008
earnings on Tuesday, April 22, 2008, before the market opens.

Rayonier will host a conference call with the investment community
at 2:00 p.m. EDT the same day to discuss these results. Investors may
access the "listen only" conference call by dialing (913) 312-0950.

A replay of the teleconference will also be available from 5:00
p.m. EDT on Tuesday, April 22, until midnight on Tuesday, April 29.
The replay number is (719) 457-0820 and the confirmation code is
5184067.

To listen to a 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
also be available on the site 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 at
www.rayonier.com.

Rayonier Inc., Jacksonville
Media Relations
Shannon Thuren, 904-357-9181
or
Investor Relations
Carl Kraus, 904-357-9158

Copyright Business Wire 2008