RYN Rayonier Inc

Rayonier Inc. (NYSE:RYN) plans to release its fourth quarter 2008 earnings on Tuesday, January 27, 2009, before the market opens.

Rayonier will host a conference call and live webcast with the investment community at 2:00 p.m. EST the same day to discuss these results. Investors may listen to the conference call by dialing 888-790-3052, passcode: Rayonier. It is suggested that you call 10-15 minutes prior to the start of the teleconference.

Supplemental materials and access to the live webcast will be available at www.rayonier.com. A replay of this webcast will be archived on the company�s website shortly after the call.

A replay of the teleconference will be available from 5:00 p.m. EST on January 27 until midnight on Tuesday, February 3. The replay number is 866-373-4995, passcode: 8406.

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.

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