Industrias Penoles S.A. de C.V

Ticker: IPOAF CUSIP: P55409141 Class: Common Stock

TOCQUEVILLE ASSET MANAGEMENT L.P.'s Holding History (CIK: 0000883961)

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

Q4 2015

Shares 29,075 Value ($000) $299 Avg Close $12.03 Range $9.38 - $14.63

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2015	29,075	$299	$12.03	$9.38 - $14.63