PITNEY BOWES INC

Ticker: PBI CUSIP: 724479100 Class: EQTY

Candriam S.C.A.'s Holding History (CIK: 0001537014)

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

Q2 2015

Shares 290,906 Value ($000) $6,054 Avg Close $22.54 Range $20.79 - $23.93

Q1 2015

Shares 552,749 Value ($000) $12,893 Avg Close $23.28 Range $21.15 - $24.60

Q4 2014

Shares 458,521 Value ($000) $11,174 Avg Close $24.43 Range $22.38 - $25.68

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2015	290,906	$6,054	$22.54	$20.79 - $23.93
Q1 2015	552,749	$12,893	$23.28	$21.15 - $24.60
Q4 2014	458,521	$11,174	$24.43	$22.38 - $25.68