b'A MESSAGE TO OURValued SuppliersRayonier strives to conduct all operations consistent with our core values and the highest ethical considerations. We strive to follow business practices that are safe for our customers, suppliers, contractors, employees, the environment and the communities in which we operate. Our culture is guided by our core valuesintegrity first, accountability always, and quality in everything we do.Rayoniers suppliers are critical to our success. We strive to establish relationships with suppliers who maintain a commitment to high ethical standards. We expect all of our suppliers, and all of their employees, agents and subcontractors, to follow the standards set forth in this Code while conducting business with Rayonier or on Rayoniers behalf. 2 RayonierSUPPLIER CODE OF CONDUCT AND ETHICS'