AUTOMATIC DATA PROCESSING IN

Ticker: ADP CUSIP: 053015103 Class: COM

St. James Investment Company, LLC's Holding History (CIK: 0001504492)

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

Q4 2016

Shares 25,195 Value ($000) $2,590 Avg Close $76.76 Range $70.20 - $85.82

Q3 2016

Shares 14,270 Value ($000) $1,259 Avg Close $74.09 Range $70.80 - $78.37

Q2 2016

Shares 5,250 Value ($000) $482 Avg Close $71.77 Range $68.45 - $75.00

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2016	25,195	$2,590	$76.76	$70.20 - $85.82
Q3 2016	14,270	$1,259	$74.09	$70.80 - $78.37
Q2 2016	5,250	$482	$71.77	$68.45 - $75.00