PITNEY BOWES INC

Ticker: PBI CUSIP: 724479100 Class: EQTY

INTACT INVESTMENT MANAGEMENT INC.'s Holding History (CIK: 0001443077)

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

Q1 2017

Shares 26,800 Value ($000) $351 Avg Close $14.13 Range $12.31 - $16.60

Q3 2016

Shares 12,500 Value ($000) $227 Avg Close $18.35 Range $16.88 - $19.33

Q1 2016

Shares 11,800 Value ($000) $254 Avg Close $19.00 Range $16.24 - $21.60

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2017	26,800	$351	$14.13	$12.31 - $16.60
Q3 2016	12,500	$227	$18.35	$16.88 - $19.33
Q1 2016	11,800	$254	$19.00	$16.24 - $21.60