ARC RESOURCES LTD

Ticker: AETUF CUSIP: 00208D408 Class: Common

TOCQUEVILLE ASSET MANAGEMENT L.P.'s Holding History (CIK: 0000883961)

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

Q4 2014

Shares 9,750 Value ($000) $211 Avg Close $15.17 Range $12.66 - $16.94

Q3 2014

Shares 10,750 Value ($000) $284 Avg Close $17.78 Range $16.42 - $19.55

Q2 2014

Shares 10,750 Value ($000) $327 Avg Close $18.44 Range $16.11 - $19.52

Q1 2014

Shares 10,750 Value ($000) $296 Avg Close $16.49 Range $15.41 - $17.31

Q4 2013

Shares 10,500 Value ($000) $292 Avg Close $16.68 Range $15.35 - $17.69

Q3 2013

Shares 10,500 Value ($000) $268 Avg Close $15.70 Range $14.54 - $17.01

Q2 2013

Shares 9,750 Value ($000) $255 Avg Close $16.49 Range $15.56 - $17.24

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2014	9,750	$211	$15.17	$12.66 - $16.94
Q3 2014	10,750	$284	$17.78	$16.42 - $19.55
Q2 2014	10,750	$327	$18.44	$16.11 - $19.52
Q1 2014	10,750	$296	$16.49	$15.41 - $17.31
Q4 2013	10,500	$292	$16.68	$15.35 - $17.69
Q3 2013	10,500	$268	$15.70	$14.54 - $17.01
Q2 2013	9,750	$255	$16.49	$15.56 - $17.24