Rayonier And Potlatchdeltic To Combine In An All-Stock Merger Of Equals To Create A Leading Land Resources REIT

Potlatchdeltic Corp PCH:

• RAYONIER AND POTLATCHDELTIC TO COMBINE IN AN ALL-STOCK MERGER OF EQUALS TO CREATE A LEADING LAND RESOURCES REIT

• RAYONIER INC - COMBINED COMPANY EXPECTED TO HAVE $7.1 BILLION MARKET CAP

• RAYONIER INC - POTLATCHDELTIC SHAREHOLDERS TO RECEIVE 1.7339 RAYONIER SHARES PER SHARE

• RAYONIER INC - WAYNE WASECHEK TO SERVE AS CFO OF COMBINED COMPANY

• RAYONIER INC - DECLARES ONE-TIME SPECIAL DIVIDEND OF $1.40 PER SHARE

• RAYONIER INC - COMBINED COMPANY TO OPERATE UNDER NEW NAME

• RAYONIER: COMBINED COMPANY IS EXPECTED TO HAVE A PRO FORMA EQUITY MARKET CAPITALIZATION OF $7.1 BILLION AND A TOTAL ENTERPRISE VALUE OF $8.2 BILLION

• RAYONIER- RAYONIER SHAREHOLDERS TO OWN ABOUT 54% AND POTLATCHDELTIC SHAREHOLDERS TO OWN ABOUT 46% OF COMBINED COMPANY