

| RAYONIER INC | 14/05/2015 AGM | |
|---|---|---|
| 1.1 | Elect Richard D. Kincaid | Oppose |
| 1.2 | Elect John A. Blumberg | For |
| 1.3 | Elect Dod A. Fraser | For |
| 1.4 | Elect Scott R. Jones | For |
| 1.5 | Elect Bernard Lanigan, Jr. | For |
| 1.6 | Elect Blanche L. Lincoln | For |
| 1.7 | Elect V. Larkin Martin | For |
| 1.8 | Elect David L. Nunes | For |
| 1.9 | Elect Andrew G. Wiltshire | For |
| 2 | Advisory vote on executive compensation | Oppose |
| 3 | Appoint the auditors and allow the board to determine their remuneration | Abstain |