ALDERON IRON ORE CORP

Ticker: AXXDF CUSIP: 01434T100 Class: COM

DEUTSCHE BANK AG\'s Holding History (CIK: 0000948046)

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

Q4 2014

Shares 400 Value ($000) $0 Avg Close $0.41 Range $0.22 - $0.74

Q3 2014

Shares 84,400 Value ($000) $61 Avg Close $1.09 Range $0.71 - $1.60

Q2 2014

Shares 23,100 Value ($000) $27 Avg Close $1.37 Range $1.09 - $1.62

Q4 2013

Shares 75,300 Value ($000) $118 Avg Close $1.56 Range $1.37 - $1.85

Q3 2013

Shares 65,700 Value ($000) $98 Avg Close $1.18 Range $0.83 - $1.64

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2014	400	$0	$0.41	$0.22 - $0.74
Q3 2014	84,400	$61	$1.09	$0.71 - $1.60
Q2 2014	23,100	$27	$1.37	$1.09 - $1.62
Q4 2013	75,300	$118	$1.56	$1.37 - $1.85
Q3 2013	65,700	$98	$1.18	$0.83 - $1.64