PITNEY BOWES INC

Ticker: PBI CUSIP: 724479100 Class: EQTY

NatWest Group plc's Holding History (CIK: 0000844150)

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

Q4 2013

Shares 17,267 Value ($000) $402 Avg Close $21.51 Range $18.21 - $24.18

Q3 2013

Shares 12,460 Value ($000) $226 Avg Close $16.40 Range $13.76 - $18.82

Q2 2013

Shares 33,432 Value ($000) $491 Avg Close $14.77 Range $13.12 - $16.43

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2013	17,267	$402	$21.51	$18.21 - $24.18
Q3 2013	12,460	$226	$16.40	$13.76 - $18.82
Q2 2013	33,432	$491	$14.77	$13.12 - $16.43