RAYONIER ADVANCED MATLS INC

Ticker: RYAM CUSIP: 75508B104 Class: COM

CAPITAL FUND MANAGEMENT S.A.'s Holding History (CIK: 0001323645)

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

Q4 2016

Shares 53,712 Value ($000) $830 Avg Close $13.95 Range $11.87 - $16.37

Q3 2016

Shares 65,486 Value ($000) $876 Avg Close $12.93 Range $10.37 - $15.96

Q1 2016

Shares 14,000 Value ($000) $133 Avg Close $7.89 Range $5.88 - $9.98

Q2 2014

Shares 53,887 Value ($000) $2,088 Avg Close $38.47 Range $35.50 - $41.25

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2016	53,712	$830	$13.95	$11.87 - $16.37
Q3 2016	65,486	$876	$12.93	$10.37 - $15.96
Q1 2016	14,000	$133	$7.89	$5.88 - $9.98
Q2 2014	53,887	$2,088	$38.47	$35.50 - $41.25