PITNEY BOWES INC

Ticker: PBI CUSIP: 724479100 Class: EQTY

FLOSSBACH VON STORCH AG's Holding History (CIK: 0001575677)

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

Q1 2011
Shares 65,000 Value ($000) $1,670 Avg Close — Range —
Q4 2010
Shares 52,000 Value ($000) $1,257 Avg Close — Range —