Rayonier (RYN) 10-K2017 FY Annual report

Filed: 23 Feb 18, 12:00am

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EXHIBIT 21

SUBSIDIARIES OF RAYONIER INC.

As of 12/31/2017



Name of Subsidiary		State/Country of Incorporation/Organization
Matariki Forests		New Zealand
Matariki Forestry Group		New Zealand
Rayonier Forest Resources, L.P.		Delaware
Rayonier Atlantic Timber Company		Delaware
Rayonier Washington Timber Company		Delaware
Rayonier Gulf Timberlands, LLC		Delaware
Rayonier Louisiana Timberlands, LLC		Delaware
Rayonier Mississippi Timberlands Company		Delaware
Rayonier Operating Company LLC		Delaware
Rayonier TRS Operating Company		Delaware
Rayonier TRS Forest Operations, LLC		Delaware
Rayonier TRS Holdings Inc.		Delaware
Raydient LLC		Delaware

In accordance with Item 601(b)(21) of Regulation S–K, we have omitted some subsidiaries that, if considered in the aggregate as a single subsidiary, would not constitute a significant subsidiary as of December 31, 2017 under Rule 1–02(w) of Regulation S–X.