b'We are never satisfiedwith the status quo simply because its the way it has always been done, but rather we continue to look for more ways to do the best with what we have. The growth of a tree from seedling to harvest can span an entire career. So we approach decisions with the perspective of a long-term owner, seeking the strategy that will bring the best outcome for our communities, investors, customers, employees and the future employees who will follow us.10 OUR VISION Rayonier'