On November 21, 2013 and November 25, 2013, respectively, the Board of Directors of CatchMark Timber Trust, Inc. increased the size of the Board from five to six and then to seven directors, effective as of the closing of the Company's initial underwritten public offering of shares of Class A common stock. On those respective dates, the Board elected Douglas D. Rubenstein and then Alan D. Gold to fill the vacancies created by the increase in the size of the Board, effective as of the Closing. Messrs.

Rubenstein and Gold will each serve as a director until the Company's next annual meeting of stockholders and until each of their successors is elected and duly qualified. The Board also determined that Messrs. Rubenstein and Gold each meet the requirements for an independent director as provided in the Company's Charter and the rules of the New York Stock Exchange.