NEWS CORP NEW

Ticker: NWSA CUSIP: 65249B109 Class: CL A

Arrow Financial Corp's Holding History (CIK: 0000717538)

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

Q1 2014

Shares 25 Value ($000) $0 Avg Close $15.19 Range $13.56 - $16.27

Q4 2013

Shares 210 Value ($000) $3 Avg Close $15.15 Range $13.62 - $15.89

Q3 2013

Shares 150 Value ($000) $2 Avg Close $14.03 Range $12.64 - $15.16

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2014	25	$0	$15.19	$13.56 - $16.27
Q4 2013	210	$3	$15.15	$13.62 - $15.89
Q3 2013	150	$2	$14.03	$12.64 - $15.16