ROYAL DUTCH SHELL PLC

CUSIP: 780259107 Class: SPON ADR B

Telos Capital Management, Inc.'s Holding History (CIK: 0001567889)

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

Q4 2015
Shares 9,007 Value ($000) $415 Avg Close — Range —
Q3 2015
Shares 20,696 Value ($000) $983 Avg Close — Range —
Q2 2015
Shares 19,661 Value ($000) $1,128 Avg Close — Range —
Q1 2015
Shares 17,011 Value ($000) $1,067 Avg Close — Range —
Q4 2014
Shares 15,681 Value ($000) $1,091 Avg Close — Range —
Q3 2014
Shares 13,035 Value ($000) $1,031 Avg Close — Range —
Q2 2014
Shares 13,260 Value ($000) $1,154 Avg Close — Range —
Q1 2014
Shares 13,395 Value ($000) $1,046 Avg Close — Range —
Q4 2013
Shares 13,135 Value ($000) $987 Avg Close — Range —
Q3 2013
Shares 13,370 Value ($000) $921 Avg Close — Range —
Q2 2013
Shares 13,095 Value ($000) $868 Avg Close — Range —