AUTOMATIC DATA PROCESSING

CUSIP: 53015103 Class: COMMON STOCK USD.1

Saratoga Research & Investment Management's Holding History (CIK: 0001477872)

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

Q1 2015
Shares 166,722 Value ($000) $14,278 Avg Close — Range —
Q2 2013
Shares 504,439 Value ($000) $34,736 Avg Close — Range —