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RAYONIER
PROXY/VOTING INSTRUCTION CARD
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS OF RAYONIER INC.
FOR THE ANNUAL MEETING ON MAY 17, 1996
By signing this card, I(we) hereby authorize RONALD M. GROSS, ROGER H.
WATTS and JOHN B. CANNING, or any of them, each with full power to appoint his
substitute, to vote as Proxy for me(us) at the Annual Meeting of Shareholders of
Rayonier to be held at the Sheraton Stamford, One First Stamford Place,
Stamford, Connecticut on Friday, May 17, 1996 at 9:00 A.M., or at any
adjournment thereof, the number of shares which I(we) would be entitled to vote
if personally present. The proxies shall vote subject to the directions
indicated on the reverse side of this card and proxies are authorized to vote in
their discretion upon such other business as may properly come before the
meeting and any adjournments thereof. BY SIGNING THIS CARD, I(WE) INSTRUCT THE
PROXIES TO VOTE AS THE BOARD OF DIRECTORS RECOMMENDS WHERE I(WE) DO NOT SPECIFY
A CHOICE.
FOR PARTICIPANTS IN THE RAYONIER INVESTMENT AND SAVINGS PLAN FOR
SALARIED EMPLOYEES, THE RAYONIER SAVINGS PLAN FOR NON-BARGAINING HOURLY
EMPLOYEES AT CERTAIN LOCATIONS, AND THE RAYONIER JESUP MILL SAVINGS PLAN FOR
HOURLY EMPLOYEES: As to those Common Shares of Rayonier, if any, that are held
for me in any aforementioned Plan, by signing this card, I instruct the Trustee
of such Plan to sign a proxy for me in substantially the form set forth on the
reverse side. THE TRUSTEE SHALL MARK THE PROXY AS I SPECIFY. BY SIGNING THIS
CARD, I INSTRUCT THE TRUSTEE TO MARK THE PROXY AS THE BOARD OF DIRECTORS
RECOMMENDS WHERE I DO NOT SPECIFY A CHOICE.
(Continued and to be dated and signed on the reverse side)
RAYONIER INC.
P.O. BOX 11027
NEW YORK, N.Y. 10203-0027
[LOGO] RAYONIER
70 Years of Growth
DETACH PROXY CARD HERE
[DOWNN ARROW] [DOWNN ARROW]
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[_]
1. Election of Directors
FOR all nominees [X]
listed below
WITHHOLD AUTHORITY to vote [X]
for all nominees listed below
*EXCEPTIONS [X]
The Board of Directors recommends a vote "FOR" the nominees listed below:
Nominees: William J. Alley, Paul G. Kirk, Jr., Gordon I. Ulmer
(INSTRUCTION: To withhold authority to vote for any individual nominee, mark the
"Exceptions" box and write that nominee's name in the space provided below.)
*Exceptions
____________________________________________________________________
2. In their discretion, the Proxies are authorized to vote upon such other
business as may properly come before the meeting or any adjournment or
postponement thereof.
Change of Address and
or Comments Mark Here [X]
Please sign name exactly as it
appears on this card. Joint
owners should each sign.
Attorneys, trustees,
executors, administrators,
conservators, custodians,
guardians or corporate
officers should give full
title.
DATE:
________________________
SIGNATURE:
___________________
SIGNATURE:
___________________
VOTES MUST BE INDICATED
(x) IN BLACK OR BLUE INK.
PLEASE SIGN, DATE AND RETURN THIS PROXY IN THE ENCLOSED POSTAGE PREPAID
ENVELOPE.