RAYONIER INC

Ticker: RYN CUSIP: 754907103 Class: COM

Holowesko Partners Ltd.'s Holding History (CIK: 0001428569)

Note: Option positions (PUT/CALL) are excluded.

Q3 2015
Shares 36,832 Value ($000) $813 Avg Close — Range —
Q2 2015
Shares 1,316,360 Value ($000) $33,633 Avg Close — Range —
Q1 2015
Shares 1,530,000 Value ($000) $41,249 Avg Close — Range —