RAYONIER ADVANCED MATLS INC

Ticker: RYAM CUSIP: 75508B104 Class: COM

Willis Investment Counsel's Holding History (CIK: 0001310929)

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

Q2 2015

Shares 282,880 Value ($000) $4,600 Avg Close $16.47 Range $14.71 - $19.64

Q1 2015

Shares 116,665 Value ($000) $1,738 Avg Close $18.22 Range $14.43 - $24.01

Q4 2014

Shares 88,750 Value ($000) $1,979 Avg Close $26.45 Range $21.37 - $33.50

Q3 2014

Shares 119,100 Value ($000) $3,920 Avg Close $35.09 Range $28.65 - $44.18

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2015	282,880	$4,600	$16.47	$14.71 - $19.64
Q1 2015	116,665	$1,738	$18.22	$14.43 - $24.01
Q4 2014	88,750	$1,979	$26.45	$21.37 - $33.50
Q3 2014	119,100	$3,920	$35.09	$28.65 - $44.18