M & T BK CORP

Ticker: MTB CUSIP: 55261F104 Class: COM

Skylands Capital, LLC's Holding History (CIK: 0001299910)

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

Q1 2014

Shares 6,650 Value ($000) $807 Avg Close $83.18 Range $78.50 - $89.02

Q4 2013

Shares 6,800 Value ($000) $792 Avg Close $81.40 Range $78.07 - $84.34

Q3 2013

Shares 6,800 Value ($000) $761 Avg Close $82.37 Range $78.25 - $84.92

Q2 2013

Shares 9,800 Value ($000) $1,095 Avg Close $72.91 Range $67.52 - $79.57

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2014	6,650	$807	$83.18	$78.50 - $89.02
Q4 2013	6,800	$792	$81.40	$78.07 - $84.34
Q3 2013	6,800	$761	$82.37	$78.25 - $84.92
Q2 2013	9,800	$1,095	$72.91	$67.52 - $79.57