AUTOMATIC DATA PROCESSING

CUSIP: 53015103 Class: COMMON STOCK USD.1

Welch Group, LLC's Holding History (CIK: 0001443095)

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

Q3 2016
Shares 1,536 Value ($000) $135 Avg Close — Range —
Q2 2016
Shares 1,536 Value ($000) $141 Avg Close — Range —
Q1 2016
Shares 1,536 Value ($000) $138 Avg Close — Range —
Q4 2015
Shares 1,536 Value ($000) $130 Avg Close — Range —
Q3 2015
Shares 1,869 Value ($000) $150 Avg Close — Range —