RAYONIER INC

Ticker: RYN CUSIP: 754907103 Class: COM

Daiwa Securities Group Inc.'s Holding History (CIK: 0001481045)

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

Q1 2015
Shares 3,000 Value ($000) $81 Avg Close — Range —
Q4 2014
Shares 3,000 Value ($000) $84 Avg Close — Range —
Q3 2014
Shares 3,000 Value ($000) $93 Avg Close — Range —
Q2 2014
Shares 3,000 Value ($000) $107 Avg Close — Range —
Q1 2014
Shares 3,000 Value ($000) $138 Avg Close — Range —
Q4 2013
Shares 3,000 Value ($000) $126 Avg Close — Range —
Q3 2013
Shares 3,000 Value ($000) $167 Avg Close — Range —
Q2 2013
Shares 3,300 Value ($000) $183 Avg Close — Range —