PITNEY BOWES INC

Ticker: PBI CUSIP: 724479100 Class: EQTY

Alken Asset Management Ltd's Holding History (CIK: 0001629996)

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

Q2 2015

Shares 120,000 Value ($000) $2,497 Avg Close $22.54 Range $20.79 - $23.93

Q1 2015

Shares 2,202,511 Value ($000) $51,363 Avg Close $23.28 Range $21.15 - $24.60

Q4 2014

Shares 4,126,203 Value ($000) $100,555 Avg Close $24.43 Range $22.38 - $25.68

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2015	120,000	$2,497	$22.54	$20.79 - $23.93
Q1 2015	2,202,511	$51,363	$23.28	$21.15 - $24.60
Q4 2014	4,126,203	$100,555	$24.43	$22.38 - $25.68