ROYAL DUTCH SHELL PLC

CUSIP: 780259206 Class: SPONS ADR A

Formidable Asset Management, LLC's Holding History (CIK: 0001592613)

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

Q1 2016
Shares 1,000 Value ($000) $51 Avg Close — Range —
Q4 2015
Shares 1,051 Value ($000) $46 Avg Close — Range —
Q3 2015
Shares 1,051 Value ($000) $49 Avg Close — Range —