M & T BK CORP

Ticker: MTB CUSIP: 55261F104 Class: COM

HERITAGE INVESTORS MANAGEMENT CORP's Holding History (CIK: 0000937589)

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

Q4 2013

Shares 1,967 Value ($000) $229 Avg Close $81.40 Range $78.07 - $84.34

Q3 2013

Shares 2,150 Value ($000) $241 Avg Close $82.37 Range $78.25 - $84.92

Q2 2013

Shares 2,150 Value ($000) $240 Avg Close $72.91 Range $67.52 - $79.57

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2013	1,967	$229	$81.40	$78.07 - $84.34
Q3 2013	2,150	$241	$82.37	$78.25 - $84.92
Q2 2013	2,150	$240	$72.91	$67.52 - $79.57