PITNEY BOWES INC

Ticker: PBI CUSIP: 724479100 Class: EQTY

Dodge & Cox's Holding History (CIK: 0000200217)

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

Q2 2014

Shares 48,400 Value ($000) $1,337 Avg Close $26.63 Range $24.06 - $28.23

Q1 2014

Shares 52,200 Value ($000) $1,357 Avg Close $24.66 Range $21.01 - $26.63

Q4 2013

Shares 54,200 Value ($000) $1,263 Avg Close $21.51 Range $18.21 - $24.18

Q3 2013

Shares 165,100 Value ($000) $3,003 Avg Close $16.40 Range $13.76 - $18.82

Q2 2013

Shares 2,305,724 Value ($000) $33,848 Avg Close $14.77 Range $13.12 - $16.43

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2014	48,400	$1,337	$26.63	$24.06 - $28.23
Q1 2014	52,200	$1,357	$24.66	$21.01 - $26.63
Q4 2013	54,200	$1,263	$21.51	$18.21 - $24.18
Q3 2013	165,100	$3,003	$16.40	$13.76 - $18.82
Q2 2013	2,305,724	$33,848	$14.77	$13.12 - $16.43