AUTOMATIC DATA PROCESSING IN

Ticker: ADP CUSIP: 053015103 Class: COM

Addenda Capital Inc.'s Holding History (CIK: 0001569411)

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

Q3 2014

Shares 18,300 Value ($000) $1,527 Avg Close $56.27 Range $54.11 - $58.19

Q2 2014

Shares 17,520 Value ($000) $1,396 Avg Close $52.86 Range $49.83 - $54.58

Q1 2014

Shares 17,176 Value ($000) $1,335 Avg Close $52.44 Range $48.53 - $56.01

Q3 2013

Shares 19,449 Value ($000) $1,415 Avg Close $48.32 Range $45.84 - $50.27

Q2 2013

Shares 18,379 Value ($000) $1,260 Avg Close $45.09 Range $41.94 - $47.70

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2014	18,300	$1,527	$56.27	$54.11 - $58.19
Q2 2014	17,520	$1,396	$52.86	$49.83 - $54.58
Q1 2014	17,176	$1,335	$52.44	$48.53 - $56.01
Q3 2013	19,449	$1,415	$48.32	$45.84 - $50.27
Q2 2013	18,379	$1,260	$45.09	$41.94 - $47.70