<SEC-DOCUMENT>0000950142-17-001544.txt : 20170817
<SEC-HEADER>0000950142-17-001544.hdr.sgml : 20170817
<ACCEPTANCE-DATETIME>20170817172457
ACCESSION NUMBER:		0000950142-17-001544
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		6
FILED AS OF DATE:		20170817
DATE AS OF CHANGE:		20170817
EFFECTIVENESS DATE:		20170817

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AUTOMATIC DATA PROCESSING INC
		CENTRAL INDEX KEY:			0000008670
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374]
		IRS NUMBER:				221467904
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-05397
		FILM NUMBER:		171039421

	BUSINESS ADDRESS:	
		STREET 1:		ONE ADP BOULVARD
		CITY:			ROSELAND
		STATE:			NJ
		ZIP:			07068
		BUSINESS PHONE:		9739745000

	MAIL ADDRESS:	
		STREET 1:		ONE ADP BOULEVARD
		CITY:			ROSELAND
		STATE:			NJ
		ZIP:			07068
</SEC-HEADER>
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<div style="FONT-SIZE: 12pt; FONT-FAMILY: 'Times New Roman', serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">SCHEDULE 14A<font style="FONT-SIZE: 12pt; FONT-FAMILY: 'Times New Roman', serif"><br />
</font>(Rule 14a-101)<font style="FONT-SIZE: 12pt; FONT-FAMILY: 'Times New Roman', serif"><br />
</font>INFORMATION REQUIRED IN PROXY STATEMENT<font style="FONT-SIZE: 12pt; FONT-FAMILY: 'Times New Roman', serif"><br />
</font>Proxy Statement Pursuant to Section 14(a) of<font style="FONT-SIZE: 12pt; FONT-FAMILY: 'Times New Roman', serif"><br />
</font>the Securities Exchange Act of 1934<font style="FONT-SIZE: 12pt; FONT-FAMILY: 'Times New Roman', serif"><br />
</font>(Amendment No. )</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: normal; TEXT-ALIGN: left; MARGIN-TOP: 12pt">Filed by the Registrant <font style="FONT-SIZE: 10pt; FONT-FAMILY: Wingdings">&#253;</font></div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: normal; TEXT-ALIGN: left">Filed by a Party other than the Registrant <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">&#9744;</font></div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: normal; TEXT-ALIGN: left; MARGIN-TOP: 10pt">Check the appropriate box:</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: normal; TEXT-ALIGN: left; MARGIN-TOP: 10.25pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">&#9744;</font> Preliminary Proxy Statement</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: normal; TEXT-ALIGN: left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">&#9744;</font> Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: normal; TEXT-ALIGN: left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">&#9744;</font> Definitive Proxy Statement</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: normal; TEXT-ALIGN: left; MARGIN-TOP: 0.2pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">&#9744;</font> Definitive Additional Materials</div>

<div style="MARGIN-BOTTOM: 12pt; FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: normal; TEXT-ALIGN: left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Wingdings">&#253;</font> Soliciting material Pursuant to Rule 14a-11(c) or Rule 14a-12</div>

<div style="FONT-SIZE: 20pt; FONT-FAMILY: 'Times New Roman', serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">AUTOMATIC DATA PROCESSING, INC.</div>

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<div style="MARGIN-BOTTOM: 12pt; FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: normal; TEXT-ALIGN: center">(Name of Registrant as Specified In Its Charter)</div>

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<font style="FONT-WEIGHT: normal">(Name of Person(s) Filing Proxy Statement, if other than the Registrant)</font></div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">PAYMENT OF FILING FEE </font><font style="FONT-WEIGHT: normal">(Check the appropriate box):</font></div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: normal; TEXT-ALIGN: left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Wingdings">&#253;</font> No fee required.</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: normal; TEXT-ALIGN: left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">&#9744;</font> Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.</div>

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<table id="zbf909e7d867b48e7a8b2b69e5f80e2ae" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; WIDTH: 100%" cellspacing="0" cellpadding="0">
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">1)</div>
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<td style="WIDTH: auto; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Title of each class of securities to which transaction applies:</div>
</td>
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</table>
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<table id="z8c4a405c4c5549bf860284d8c1078720" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; WIDTH: 100%" cellspacing="0" cellpadding="0">
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<td style="WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">2)</div>
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<td style="WIDTH: auto; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Aggregate number of securities to which transaction applies:</div>
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<td style="WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">3)</div>
</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (Set forth the amount on which the filing fee is calculated and state how it was determined):</div>
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<td style="WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">4)</div>
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<td style="WIDTH: auto; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Proposed maximum aggregate value of transaction:</div>
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<td style="WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">5)</div>
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<td style="WIDTH: auto; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Total fee paid:</div>
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<td style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">&#9744;</td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">Fee paid previously with preliminary materials.</td>
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<table id="z078206bea97f4473a921f948647c6a9e" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; WIDTH: 100%" cellspacing="0" cellpadding="0">
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<td style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">&#9744;</td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">Check box if any part of the fee is offset as provided by Exchange Act Rule 0<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">&#8209;</font>11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.</td>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">1)</div>
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<td style="WIDTH: auto; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Amount Previously Paid:</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">2)</div>
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<td style="WIDTH: auto; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Form, Schedule or Registration Statement No.:</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">3)</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Filing Party:</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">4)</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Date Filed:</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left">The press release attached as Exhibit 1 and the employee communication attached as Exhibits 2 and 3 hereto may be provided to stockholders of Automatic Data Processing, Inc.</div>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>eh1700897_ex01.htm
<DESCRIPTION>EXHIBIT 1
<TEXT>
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<div style="FONT-WEIGHT: bold; TEXT-ALIGN: right">EXHIBIT 1</div>

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<div style="FONT-WEIGHT: bold; TEXT-ALIGN: right"><img src="eh1700897_defa14a.jpg"></div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; TEXT-ALIGN: center">ADP COMMENTS ON PERSHING SQUARE INVESTOR PRESENTATION</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: left"><font style="FONT-WEIGHT: bold">ROSELAND, NJ, August 17, 2017 &#8211; </font>ADP (NASDAQ: ADP) today issued the following statement in response to Pershing Square Capital Management&#8217;s investor presentation on ADP:</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: left">&#8220;ADP is committed to engaging constructively with shareholders on important issues facing the company. However, we strongly disagree with many of the assertions made by Mr. Ackman in today&#8217;s presentation, which betrays a fundamental lack of understanding of the current state of ADP&#8217;s business and strategy.&#160; He presented nothing that has not previously been analyzed by the Board and management.&#8221;</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: left">&#8220;ADP is not resting on its laurels. Our Board and management team are thoughtfully transforming our organization and culture to compete effectively and drive global growth in the evolving Human Capital Management market. We are confident that we have the right plan underway to ensure ADP&#8217;s future success. We are accelerating investments in R&amp;D to provide best-in-class cloud-based HCM solutions, migrating numerous customers to our strategic platforms, streamlining operations, rationalizing our footprint, and taking actions to improve client satisfaction and retention &#8211; all while continuing to outperform for shareholders.&#8221;</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: left">&#8220;ADP shares have outperformed the S&amp;P 500 for many years, and the company has generated total shareholder returns in excess of 200% since Carlos Rodriguez became CEO nearly six years ago. ADP has also consistently delivered on its commitment to return capital to shareholders &#8211; demonstrated by $11.3 billion in share buybacks and dividends over the past five fiscal years and annual dividend increases for the last 42 years.&#8221;</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: left">&#8220;Our strong and independent Board, which includes four new independent directors since 2014, possesses an ideal mix of leadership continuity and fresh perspective as well as an optimal balance of skills and expertise to hold management accountable and provide sound oversight for ADP&#8217;s global strategy. The Board is always open to good ideas regardless of their source. We look forward to engaging substantively with investors about ways to build on our success and continue delivering sustainable value to ADP shareholders.&#8221;</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: left">Morgan Stanley &amp; Co. and Goldman Sachs are acting as financial advisors and Paul, Weiss, Rifkind, Wharton &amp; Garrison LLP is acting as legal advisor to ADP.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: left"><font style="FONT-WEIGHT: bold">About ADP </font>(NASDAQ: ADP)</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: left">Powerful technology plus a human touch. Companies of all types and sizes around the world rely on ADP cloud software and expert insights to help unlock the potential of their people. HR. Talent. Benefits. Payroll. Compliance. Working together to build a better workforce. For more information, <font style="FONT-VARIANT: normal; FONT-WEIGHT: normal; FONT-STYLE: normal"><u>visit ADP.com</u></font>.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #252525; FONT-STYLE: italic; TEXT-ALIGN: left">The ADP logo, ADP, are registered trademarks of&#160;ADP, LLC. ADP A more human resource. is a service mark of&#160;ADP, LLC. All other marks are the property of their respective owners.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #252525; FONT-STYLE: italic; TEXT-ALIGN: left">Copyright &#169; 2017 ADP, LLC. All rights reserved.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #252525; FONT-STYLE: italic; TEXT-ALIGN: left">ADP-Media<br />
<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif"><br />
</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold">Safe Harbor Statement</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif"><br />
</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: normal; FONT-STYLE: normal">This document and other written or oral statements made from time to time by ADP may contain &#8220;forward-looking statements&#8221; within the meaning of the Private Securities Litigation Reform Act of 1995. Statements that are not historical in nature and which may be identified by the use of words like &#8220;expects,&#8221; &#8220;assumes,&#8221; &#8220;projects,&#8221; &#8220;anticipates,&#8221; &#8220;estimates,&#8221; &#8220;we believe,&#8221; &#8220;could,&#8221; &#8220;is designed to&#8221; and other words of similar meaning, are forward-looking statements. These statements are based on management&#8217;s expectations and assumptions and depend upon or refer to future events or conditions and are subject to risks and uncertainties that may cause actual results to differ materially from those expressed. Factors that could cause actual results to differ materially from those contemplated by the forward-looking statements or that could contribute to such difference include: ADP's success in obtaining and retaining clients, and selling additional services to clients; the pricing of products and services; compliance with existing or new legislation or regulations; changes in, or interpretations of, existing legislation or regulations; overall market, political and economic conditions, including interest rate and foreign currency trends; competitive conditions; our ability to maintain our current credit ratings and the impact on our funding costs and profitability; security or privacy breaches, fraudulent acts, and system interruptions and failures; employment and wage levels; changes in technology; availability of skilled technical associates; and the impact of new acquisitions and divestitures. ADP disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. These risks and uncertainties, along with the risk factors discussed under &#8220;Item 1A. - Risk Factors&#8221; in our Annual Report on Form 10-K should be considered in evaluating any forward-looking statements contained herein.</font></div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; TEXT-ALIGN: left">ADDITIONAL INFORMATION</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: left">ADP, its directors and certain of its executive officers may be deemed to be participants in the solicitation of proxies from Company shareholders in connection with the matters to be considered at the Company&#8217;s 2017 Annual Meeting. The Company intends to file a proxy statement and WHITE proxy card with the U.S. Securities and Exchange Commission (the &#8220;SEC&#8221;) in connection with any such solicitation of proxies from Company shareholders. COMPANY SHAREHOLDERS ARE STRONGLY ENCOURAGED TO READ ANY SUCH PROXY STATEMENT AND ACCOMPANYING WHITE PROXY CARD WHEN THEY BECOME AVAILABLE AS THEY WILL CONTAIN IMPORTANT INFORMATION. Information regarding the ownership of the Company&#8217;s directors and executive officers in Company stock and other securities is included in their SEC filings on Forms 3, 4, and 5, which can be found through the Company&#8217;s website (www.adp.com) in the section &#8220;Investor Relations&#8221; or through the SEC&#8217;s website at www.sec.gov. Information can also be found in the Company&#8217;s other SEC filings, including the Company&#8217;s Annual Report on Form 10-K. More detailed and updated information regarding the identity of potential participants, and their direct or indirect interests, by security holdings or otherwise, will be set forth in the proxy statement and other materials to be filed with the SEC in connection with the Company&#8217;s 2017 Annual Meeting. Shareholders will be able to obtain any proxy statement, any amendments or supplements to the proxy statement and other documents filed by the Company with the SEC for no charge at the SEC&#8217;s website at www.sec.gov. Copies will also be available at no charge at the Company&#8217;s website at <font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-VARIANT: normal; FONT-WEIGHT: normal; FONT-STYLE: normal"><u>www.adp.com</u></font>.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; TEXT-ALIGN: left">CONTACT INFORMATION</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; TEXT-ALIGN: left">CONTACTS:</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; TEXT-ALIGN: left">Investors:</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; TEXT-ALIGN: left">Christian Greyenbuhl</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: left">(973) 974-7835</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-VARIANT: normal; FONT-WEIGHT: normal; COLOR: #000000; FONT-STYLE: normal; TEXT-ALIGN: left"><u>Christian.Greyenbuhl@adp.com</u></div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; TEXT-ALIGN: left">Byron Stephen</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: left">(973) 974-7896</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-VARIANT: normal; FONT-WEIGHT: normal; FONT-STYLE: normal; TEXT-ALIGN: left"><u>Byron.Stephen@adp.com</u></div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; TEXT-ALIGN: left">Media:</div>

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</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">Michael Schneider</font></div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: left">(973) 974-5678 office</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: left">(973) 868-1000 mobile</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-VARIANT: normal; FONT-WEIGHT: normal; FONT-STYLE: normal; TEXT-ALIGN: left"><u>Michael.Schneider@adp.com</u></div>

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</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold">George Sard/Jared Levy/Liz Zale</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif"><br />
</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">Sard Verbinnen &amp; Co</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif"><br />
</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">(212) 687-8080</font></div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-VARIANT: normal; FONT-WEIGHT: normal; COLOR: #000000; FONT-STYLE: normal; TEXT-ALIGN: left"><u>ADP-SVC@sardverb.com</u></div>
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<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>eh1700897_ex02.htm
<DESCRIPTION>EXHIBIT 2
<TEXT>
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<div style="FONT-FAMILY: Arial; FONT-WEIGHT: bold; TEXT-ALIGN: right">EXHIBIT 2</div>

<div style="FONT-FAMILY: Arial; FONT-WEIGHT: bold; TEXT-ALIGN: right">&#160;</div>

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<div style="MARGIN-BOTTOM: 12pt; FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; MARGIN-TOP: 12pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000">Dear Associates:</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif"><br />
</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif"><br />
</font><font style="FONT-FAMILY: Arial; COLOR: #000000"><font style="FONT-SIZE: 10pt">Today the activist hedge fund Pershing Square hosted an investor presentation regarding its investment in ADP. As I&#8217;ve said previously, we are committed to engaging constructively with our shareholders and are open to their ideas on how to improve the company. However, after watching the three-hour presentation, we strongly disagree with a number of the statements, which demonstrated a fundamental lack of understanding of the current state of ADP&#8217;s business and strategy. Pershing Square presented nothing that has not previously been analyzed by our Board and management. Moments ago, we issued a </font><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-VARIANT: normal; FONT-WEIGHT: normal; COLOR: #000000; FONT-STYLE: normal">press release</font><font style="FONT-SIZE: 10pt"> in response.</font></font><br />
<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif"><br />
</font><font style="FONT-FAMILY: Arial; COLOR: #000000"><font style="FONT-SIZE: 10pt">Pershing Square&#8217;s presentation was designed to attract media attention and distract from the strong momentum we&#8217;ve built through our focus on our </font><font style="FONT-SIZE: 10pt; FONT-STYLE: italic">Win as One</font><font style="FONT-SIZE: 10pt"> goals to simplify, innovate and grow our business. At times, the press coverage may seem highly critical and even personal. While we expect continued coverage of this campaign over the coming months, it is vitally important that we stay focused on our FY18 plan, by serving our clients well, executing, and selling.</font></font></div>

<div style="MARGIN-BOTTOM: 12pt; FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left; MARGIN-TOP: 12pt">We are proud of the progress we have made, and continue to make, to improve our products and services to meet our clients' evolving needs. My team and I will continue to defend ADP&#8217;s strong track record and work to debunk the factual inaccuracies and misleading statements in Pershing Square&#8217;s presentation.</div>

<div style="MARGIN-BOTTOM: 12pt; FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left; MARGIN-TOP: 12pt"><font style="FONT-SIZE: 10pt">As a reminder, we have established a </font><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-VARIANT: normal; FONT-WEIGHT: normal; COLOR: #000000; FONT-STYLE: normal">site</font><font style="FONT-SIZE: 10pt"> with information related to this matter, including updated frequently asked questions. It&#8217;s important that ADP associates refrain from commenting publicly &#8211; including social media &#8211; about our financial and operating performance. In the event you get related questions from clients or prospects, you may refer them to our press release.</font></div>

<div style="MARGIN-BOTTOM: 12pt; FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left; MARGIN-TOP: 12pt">I remain confident that the future is bright for ADP, and I will keep you informed as significant new developments occur. As always, thank you for your ongoing commitment to ADP.</div>

<div style="MARGIN-BOTTOM: 12pt; FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #595959; TEXT-ALIGN: left; MARGIN-TOP: 12pt"><font style="FONT-FAMILY: Arial; COLOR: #000000">Best regards,</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif"><br />
</font><font style="FONT-FAMILY: Arial; COLOR: #000000">Carlos</font></div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000">Important Information</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif"><br />
</font><font style="FONT-FAMILY: Arial; COLOR: #000000"><font style="FONT-SIZE: 10pt">ADP, its directors and certain of its executive officers may be deemed to be participants in the solicitation of proxies from Company shareholders in connection with the matters to be considered at the Company&#8217;s 2017 Annual Meeting. The Company intends to file a proxy statement and WHITE proxy card with the U.S. Securities and Exchange Commission (the &#8220;SEC&#8221;) in connection with any such solicitation of proxies from Company shareholders. COMPANY SHAREHOLDERS ARE STRONGLY ENCOURAGED TO READ ANY SUCH PROXY STATEMENT AND ACCOMPANYING WHITE PROXY CARD WHEN THEY BECOME AVAILABLE AS THEY WILL CONTAIN IMPORTANT INFORMATION. Information regarding the ownership of the Company&#8217;s directors and executive officers in Company stock and other securities is included in their SEC filings on Forms 3, 4, and 5, which can be found through the Company&#8217;s website (</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-VARIANT: normal; FONT-WEIGHT: normal; COLOR: #000000; FONT-STYLE: normal"><u>www.adp.com</u></font><font style="FONT-SIZE: 10pt">) in the section &#8220;Investor Relations&#8221; or through the SEC&#8217;s website at </font><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-VARIANT: normal; FONT-WEIGHT: normal; COLOR: #000000; FONT-STYLE: normal"><u>www.sec.gov</u></font><font style="FONT-SIZE: 10pt">. Information can also be found in the Company&#8217;s other SEC filings, including the Company&#8217;s Annual Report on Form 10-K.</font></font></div>

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<DOCUMENT>
<TYPE>EX-99.3
<SEQUENCE>4
<FILENAME>eh1700897_ex03.htm
<DESCRIPTION>EXHIBIT 3
<TEXT>
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<div style="FONT-FAMILY: Arial; FONT-WEIGHT: bold; TEXT-ALIGN: right">EXHIBIT 3</div>

<div style="FONT-FAMILY: Arial; FONT-WEIGHT: bold; TEXT-ALIGN: right">&#160;</div>

<div style="FONT-FAMILY: Arial; FONT-WEIGHT: bold; TEXT-ALIGN: right">&#160;</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial, Helvetica, sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Internal FAQ

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<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 18pt; VERTICAL-ALIGN: top; FONT-WEIGHT: bold; align: right">1.</td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: auto; VERTICAL-ALIGN: top; FONT-WEIGHT: bold; TEXT-ALIGN: left">Who is Pershing Square and why are they trying to put directors on our Board?</td>
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<table id="zd7d56365bc3748009719f793f7b01ef0" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
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<td style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif; WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">&#183;</td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">Pershing Square is an activist hedge fund run by Bill Ackman, and is known to make large and often high-profile investments in public companies.</td>
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<table id="z91fd0f05b4824f5e928c2469dc4aa508" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
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<td style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif; WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">&#183;</td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">Pershing Square has announced that it owns approximately 8% of ADP&#8217;s equity and is seeking the election of three of its own candidates, including Mr. Ackman, to ADP&#8217;s 10-member Board of Directors.</td>
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<div style="TEXT-ALIGN: left">
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<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 18pt; VERTICAL-ALIGN: top; FONT-WEIGHT: bold; align: right">2.</td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: auto; VERTICAL-ALIGN: top; FONT-WEIGHT: bold; TEXT-ALIGN: left">What is Pershing Square hoping to achieve?</td>
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<table id="za23219c7fdd24eaa99608d02423c2c77" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
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<td style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif; WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">&#183;</td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">Like all hedge funds, Pershing Square is hoping to achieve financial returns for its own investors.</td>
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<div style="TEXT-ALIGN: left">
<table id="zfbd9264eba814af5b67884cfc6266d6a" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
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<td style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif; WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">&#183;</td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">Presumably, Pershing Square believes that its proposed Board slate and other changes at ADP will lead to better financial returns for itself and other ADP shareholders.</td>
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<div style="FONT-FAMILY: Arial"><br />
</div>

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<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 18pt; VERTICAL-ALIGN: top; FONT-WEIGHT: bold; align: right">3.</td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: auto; VERTICAL-ALIGN: top; FONT-WEIGHT: bold; TEXT-ALIGN: left">Will ADP consider any of Pershing Square&#8217;s nominees?</td>
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<div style="TEXT-ALIGN: left">
<table id="zcc41a289465d42f5a0ded7ec83e36764" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
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<td style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif; WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">&#183;</td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">Now that Pershing Square has submitted its proposed director candidates, the Nominating/Corporate Governance Committee of the Board will carefully evaluate Mr. Ackman&#8217;s nominees and make a recommendation it believes will best serve the interests of the company and its shareholders.</td>
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<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 18pt; VERTICAL-ALIGN: top; FONT-WEIGHT: bold; align: right">4.</td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: auto; VERTICAL-ALIGN: top; FONT-WEIGHT: bold; TEXT-ALIGN: left">What is a 13D filing?&#160; Why did Pershing Square file one?</td>
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<div style="TEXT-ALIGN: left">
<table id="z58654c92accb43eba3234948db3b90cc" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
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<td style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif; WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">&#183;</td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">A 13D filing is a required disclosure filing for investors with an &#8220;activist&#8221; agenda once their ownership in a publicly traded U.S. company exceeds 5% of outstanding shares.</td>
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<div style="TEXT-ALIGN: left">
<table id="z1982c6dc6f944e008cbb9bf4ffa856ea" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
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<td style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif; WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">&#183;</td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">Pershing Square, the hedge fund that has recently accumulated a large position in ADP&#8217;s stock, crossed the 5% ownership threshold and was required to file a 13D with the U.S. Securities and Exchange Commission, or SEC.</td>
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<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 18pt; VERTICAL-ALIGN: top; FONT-WEIGHT: bold; align: right">5.</td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: auto; VERTICAL-ALIGN: top; FONT-WEIGHT: bold; TEXT-ALIGN: left">Is Carlos being replaced?</td>
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<table id="z2867f546ade94a0bb13c5716c102ff92" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
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<td style="FONT-FAMILY: Arial; WIDTH: 18pt"></td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif; WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">&#183;</td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">Carlos remains in his role as CEO and continues to have the Board&#8217;s unanimous and full support.</td>
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</div>

<div style="TEXT-ALIGN: left">
<table id="zb96a3d46751a442a9bbd99e3e4543367" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-FAMILY: Arial; WIDTH: 18pt"></td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif; WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">&#183;</td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">In the wake of the news regarding the Pershing announcement, our Board has emphatically reaffirmed its support of Carlos as ADP&#8217;s CEO.</td>
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</div>

<div style="TEXT-ALIGN: left">
<table id="za36406c0593241828fd1af670035a6f2" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-FAMILY: Arial; WIDTH: 18pt"></td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif; WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">&#183;</td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">Our Board of Directors, in press releases issued <font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-VARIANT: normal; FONT-WEIGHT: normal; COLOR: #000000; FONT-STYLE: normal; BACKGROUND-COLOR: #ffffff">August 4</font> and <font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-VARIANT: normal; FONT-WEIGHT: normal; COLOR: #000000; FONT-STYLE: normal; BACKGROUND-COLOR: #ffffff">August 7</font>, pointed out the strong financial returns for ADP shareholders since Carlos became CEO nearly six years ago.</td>
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</div>

<div style="TEXT-ALIGN: left">
<table id="zba46b32aab90474fa3047e5cda745313" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-FAMILY: Arial; WIDTH: 18pt"></td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif; WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">&#183;</td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">ADP has performed extremely well under his leadership and our shareholders are well aware of the progress ADP has made over Carlos&#8217; tenure.</td>
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</table>
</div>

<div style="FONT-FAMILY: Arial"><br />
</div>

<div style="TEXT-ALIGN: left">
<table id="z0ebdeb7b7dc7450d8d186bfb61135cfd" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
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<td style="FONT-FAMILY: Arial; WIDTH: 18pt"></td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 18pt; VERTICAL-ALIGN: top; FONT-WEIGHT: bold; align: right">6.</td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: auto; VERTICAL-ALIGN: top; FONT-WEIGHT: bold; TEXT-ALIGN: left">What else is Pershing Square proposing?</td>
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<div style="TEXT-ALIGN: left">
<table id="z3fbb2794b8d94c849415e0135231a031" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-FAMILY: Arial; WIDTH: 18pt"></td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif; WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">&#183;</td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">Beyond the nomination of three Board members, Pershing Square has not publicly proposed any specific recommendations.</td>
</tr>
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</div>

<div style="FONT-FAMILY: Arial"><br />
</div>

<div style="TEXT-ALIGN: left">
<table id="z886c575754804e2d946e33d5f5220e3b" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-FAMILY: Arial; WIDTH: 18pt"></td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 18pt; VERTICAL-ALIGN: top; FONT-WEIGHT: bold; align: right">7.</td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: auto; VERTICAL-ALIGN: top; FONT-WEIGHT: bold; TEXT-ALIGN: left">Has ADP engaged in prior conversations with Pershing Square?</td>
</tr>
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</div>

<div style="TEXT-ALIGN: left">
<table id="z33dded4d697e418a840fdd15eb9747fd" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-FAMILY: Arial; WIDTH: 18pt"></td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif; WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">&#183;</td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">We maintain an ongoing dialogue with our investors, including Pershing Square, and we are focused on creating long-term value for all of our shareholders.</td>
</tr>
</table>
</div>

<div style="TEXT-ALIGN: left">
<table id="z2dfcd7005b624687b8bc20a40a9eeb80" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-FAMILY: Arial; WIDTH: 18pt"></td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif; WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">&#183;</td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">ADP&#8217;s Board is always open to good ideas regardless of their source and has offered Mr. Ackman the opportunity to present his ideas to the full Board.</td>
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<div>
<div style="FONT-FAMILY: Arial">&#160;</div>

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<div style="FONT-FAMILY: Arial"><br />
&#160;</div>
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<div style="TEXT-ALIGN: left">
<table id="z739adbe4b8944605bfa2fb5a397dc40a" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
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<td style="FONT-FAMILY: Arial; WIDTH: 18pt"></td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 18pt; VERTICAL-ALIGN: top; FONT-WEIGHT: bold; align: right">8.</td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: auto; VERTICAL-ALIGN: top; FONT-WEIGHT: bold; TEXT-ALIGN: left">What happens next?</td>
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</div>

<div style="TEXT-ALIGN: left">
<table id="zc3d5f319aced434985cda9c51008cf2d" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-FAMILY: Arial; WIDTH: 18pt"></td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif; WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">&#183;</td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">We have a very skilled management team and Board that are working diligently to make the right decisions for our Company and our shareholders, clients and associates. The Nominating/Corporate Governance Committee of the Board will carefully evaluate Mr. Ackman&#8217;s nominees and make a recommendation it believes will best serve the interests of the company and its shareholders.</td>
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</table>
</div>

<div style="TEXT-ALIGN: left">
<table id="z7859d1a6858b4cf48a8bb927b02dfc04" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-FAMILY: Arial; WIDTH: 18pt"></td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif; WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">&#183;</td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">This matter may continue to receive press coverage, which we know can be distracting, but please remain focused on your day-to-day responsibilities.</td>
</tr>
</table>
</div>

<div style="TEXT-ALIGN: left">
<table id="z4099bc8c86af4e278e61e69934fb0826" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-FAMILY: Arial; WIDTH: 18pt"></td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif; WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">&#183;</td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">There will be no changes to the day-to-day operations of ADP or to your responsibilities as a result of this development.</td>
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</table>
</div>

<div style="FONT-FAMILY: Arial"><br />
</div>

<div style="TEXT-ALIGN: left">
<table id="zb3c139da18e24f5db09633ef3bfdc868" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-FAMILY: Arial; WIDTH: 18pt"></td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 18pt; VERTICAL-ALIGN: top; FONT-WEIGHT: bold; align: right">9.</td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: auto; VERTICAL-ALIGN: top; FONT-WEIGHT: bold; TEXT-ALIGN: left">What does this mean for the company?</td>
</tr>
</table>
</div>

<div style="TEXT-ALIGN: left">
<table id="zc11dde563d904f75b413a3f7c3557f60" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-FAMILY: Arial; WIDTH: 18pt"></td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif; WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">&#183;</td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">We as a company will continue to serve our clients with the same high quality they have come to expect.</td>
</tr>
</table>
</div>

<div style="MARGIN-BOTTOM: 10pt; TEXT-ALIGN: left">
<table id="zc9ea7cba461642b3ac4d55ab165bff16" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-FAMILY: Arial; WIDTH: 18pt"></td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif; WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">&#183;</td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">It&#8217;s important for each of us to remain focused and committed to executing on our &#8220;Win as One&#8221; strategy and continuously looking for ways to simplify, innovate and grow our business.</td>
</tr>
</table>
</div>

<div style="TEXT-ALIGN: left">
<table id="z5ed6012d09444feaadfb7da8c879e9e2" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-FAMILY: Arial; WIDTH: 18pt"></td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 18pt; VERTICAL-ALIGN: top; FONT-WEIGHT: bold; align: right">10.</td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: auto; VERTICAL-ALIGN: top; FONT-WEIGHT: bold; TEXT-ALIGN: left">Does this mean we are in trouble?</td>
</tr>
</table>
</div>

<div style="TEXT-ALIGN: left">
<table id="zfc94a5eec1da46419adfef402aa4e525" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-FAMILY: Arial; WIDTH: 18pt"></td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif; WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">&#183;</td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">Not at all. We are in an extremely strong position and our strong performance over many years is a testament to that.</td>
</tr>
</table>
</div>

<div style="TEXT-ALIGN: left">
<table id="zd4f8912cd02e4534aab872fe9603fa26" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-FAMILY: Arial; WIDTH: 18pt"></td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif; WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">&#183;</td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">We have a very skilled management team and Board that will work diligently to make the right decisions for our company, associates, clients, and our shareholders.</td>
</tr>
</table>
</div>

<div style="FONT-FAMILY: Arial"><br />
</div>

<div style="TEXT-ALIGN: left">
<table id="ze31314cc47354eb5b22c710ae153ca8d" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-FAMILY: Arial; WIDTH: 18pt"></td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 18pt; VERTICAL-ALIGN: top; FONT-WEIGHT: bold; align: right">11.</td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: auto; VERTICAL-ALIGN: top; FONT-WEIGHT: bold; TEXT-ALIGN: left">What does this mean for associates?</td>
</tr>
</table>
</div>

<div style="TEXT-ALIGN: left">
<table id="zd75f6a1b6f8a43869b5751a178b6877d" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-FAMILY: Arial; WIDTH: 18pt"></td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif; WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">&#183;</td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">We do not expect this development to have any impact on the day-to-day activities of associates.</td>
</tr>
</table>
</div>

<div style="TEXT-ALIGN: left">
<table id="z1d99263473954254a543fb9fe48b1b8c" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-FAMILY: Arial; WIDTH: 18pt"></td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif; WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">&#183;</td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">We are in an extremely strong position and our strong performance over many years is a testament to that.</td>
</tr>
</table>
</div>

<div style="TEXT-ALIGN: left">
<table id="z8f66ceef9da94ce2950528ad851be2a5" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-FAMILY: Arial; WIDTH: 18pt"></td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif; WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">&#183;</td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">It is vitally important that we all remain focused on serving our clients, and continue to implement our &#8220;Win as One&#8221; strategy to simplify, innovate and grow our business.</td>
</tr>
</table>
</div>

<div style="FONT-FAMILY: Arial"><br />
</div>

<div style="TEXT-ALIGN: left">
<table id="z60dcc9b8fd844241b56225294cd84a43" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-FAMILY: Arial; WIDTH: 18pt"></td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 18pt; VERTICAL-ALIGN: top; FONT-WEIGHT: bold; align: right">12.</td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: auto; VERTICAL-ALIGN: top; FONT-WEIGHT: bold; TEXT-ALIGN: left">What can associates do to help the company?</td>
</tr>
</table>
</div>

<div>
<div style="TEXT-ALIGN: left">
<table id="zcdfe3ba055224929bdb23719258f62ca" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-FAMILY: Arial; WIDTH: 18pt"></td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif; WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">&#183;</td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">The best thing you can do is continue to serve our clients with the same high quality they have come to expect.</td>
</tr>
</table>
</div>

<div style="TEXT-ALIGN: left">
<table id="z8ea7e9a13adc49bbae8fd378401bf5b7" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-FAMILY: Arial; WIDTH: 18pt"></td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif; WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">&#183;</td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">Stay focused on our goal to <font style="FONT-SIZE: 10pt; FONT-STYLE: italic">Win as One</font> by simplifying, innovating and growing our business.</td>
</tr>
</table>
</div>

<div style="MARGIN-BOTTOM: 10pt; TEXT-ALIGN: left">
<table id="zcf051179872543b6ad49fe7ca366cf79" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-FAMILY: Arial; WIDTH: 18pt"></td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif; WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">&#183;</td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">It is important that you remain focused on our business.&#160; Please keep up the good work, and we will continue to keep you informed of any significant developments.</td>
</tr>
</table>
</div>
</div>

<div style="TEXT-ALIGN: left">
<table id="zd8bcb6d2046949aeaf9d42b485830f8d" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-FAMILY: Arial; WIDTH: 18pt"></td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 18pt; VERTICAL-ALIGN: top; FONT-WEIGHT: bold; align: right">13.</td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: auto; VERTICAL-ALIGN: top; FONT-WEIGHT: bold; TEXT-ALIGN: left">What should I do if I am contacted by the media?</td>
</tr>
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</div>

<div style="TEXT-ALIGN: left">
<table id="za56470810b4b44d2b681e8f87905d2eb" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-FAMILY: Arial; WIDTH: 18pt"></td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif; WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">&#183;</td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">As always, if you are contacted by the media do not comment or respond. Instead please pass the information along to Andy Hilton at <font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-VARIANT: normal; FONT-WEIGHT: normal; COLOR: #000000; FONT-STYLE: normal; BACKGROUND-COLOR: #ffffff"><u>Andy.Hilton@adp.com</u></font> or Michael Schneider at <font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-VARIANT: normal; FONT-WEIGHT: normal; COLOR: #000000; FONT-STYLE: normal; BACKGROUND-COLOR: #ffffff"><u>Michael.Schneider@adp.com</u></font>.</td>
</tr>
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</div>

<div style="MARGIN-BOTTOM: 10pt; TEXT-ALIGN: left">
<table id="zaf14f488fc8942d58ebe600e08b88b90" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
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<td style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif; WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">&#183;</td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">If you receive investor calls, please send them to Christian Greyenbuhl at <font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-VARIANT: normal; FONT-WEIGHT: normal; COLOR: #000000; FONT-STYLE: normal; BACKGROUND-COLOR: #ffffff"><u>Christian.Greyenbuhl@adp.com</u></font> or Byron Stephen at <font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-VARIANT: normal; FONT-WEIGHT: normal; COLOR: #000000; FONT-STYLE: normal; BACKGROUND-COLOR: #ffffff"><u>Byron.Stephen@adp.com</u></font>.</td>
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<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 18pt; VERTICAL-ALIGN: top; FONT-WEIGHT: bold; align: right">14.</td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: auto; VERTICAL-ALIGN: top; FONT-WEIGHT: bold; TEXT-ALIGN: left">How often will you update these Q&amp;A?</td>
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<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">They will be updated as significant developments occur.</td>
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<td style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif; WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">&#183;</td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">The company is committed to keeping associates informed.</td>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-STYLE: italic; TEXT-ALIGN: left">Additional Questions &#8211; August 17, 2017</div>

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<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 18pt; VERTICAL-ALIGN: top; FONT-WEIGHT: bold; align: right">15.</td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: auto; VERTICAL-ALIGN: top; FONT-WEIGHT: bold; TEXT-ALIGN: left">Why did Pershing Square make this presentation? Is this common?</td>
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<td style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif; WIDTH: 25px; VERTICAL-ALIGN: top; align: right">&#183;</td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">It is not uncommon for hedge funds to make public presentations about their investments in an effort to build investor support for their arguments.</td>
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<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">Mr. Ackman&#8217;s presentation was designed to attract media attention and distract from the strong momentum we&#8217;ve built through our focus on our <font style="FONT-SIZE: 10pt; FONT-STYLE: italic">Win as One</font> goals to simplify, innovate and grow our business.</td>
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<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: auto; VERTICAL-ALIGN: top; FONT-WEIGHT: bold; TEXT-ALIGN: left">Are any of Pershing Square&#8217;s assertions true?</td>
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<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">We strongly disagree with many of the assertions made in Pershing Square&#8217;s presentation, which betrays a fundamental lack of understanding of the current state of ADP&#8217;s business and strategy. Pershing Square presented nothing that has not previously been analyzed by the Board and management.</td>
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<td style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif; WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">&#183;</td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">Mr. Ackman&#8217;s presentation was designed to attract media attention and distract from the strong momentum we&#8217;ve built through our focus on our <font style="FONT-SIZE: 10pt; FONT-STYLE: italic">Win as One</font> goals to simplify, innovate and grow our business.</td>
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<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: auto; VERTICAL-ALIGN: top; FONT-WEIGHT: bold; TEXT-ALIGN: left">How did Pershing Square conduct its research?</td>
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<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">Pershing Square has not publicly detailed all of its research methods, but it claims to have spoken to former ADP associates.</td>
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<td style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif; WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">&#183;</td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">We strongly disagree with many of the assertions made in Pershing Square&#8217;s presentation, which betrays a fundamental lack of understanding of the current state of ADP&#8217;s business and strategy. Pershing Square presented nothing that has not previously been analyzed by the Board and management.</td>
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<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: auto; VERTICAL-ALIGN: top; FONT-WEIGHT: bold; TEXT-ALIGN: left">How can we access Pershing Square&#8217;s presentation?</td>
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<td style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif; WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">&#183;</td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">Pershing Square has made this presentation available through its website and public filings.</td>
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<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">As a reminder, it is vitally important that we do not let this campaign become a distraction.</td>
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<td style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif; WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">&#183;</td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">We ask that we stay focused on our FY18 plan, including serving our clients well, executing, and selling.</td>
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<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: auto; VERTICAL-ALIGN: top; FONT-WEIGHT: bold; TEXT-ALIGN: left">What will happen if Pershing does win seats on the Board?</td>
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<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">We have a very skilled management team and Board that will work diligently to make the right decisions for our company, associates, clients, and our shareholders.</td>
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<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">Pershing Square is seeking three seats on our 10-member Board of Directors.</td>
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<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: auto; VERTICAL-ALIGN: top; FONT-WEIGHT: bold; TEXT-ALIGN: left">What happens next?</td>
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<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">In the coming weeks, we will be preparing our proxy soliciting materials, which include details of our directors seeking reelection at this year&#8217;s Annual Meeting, among other information.</td>
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<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">This matter may continue to receive press coverage, which we know can be distracting, but please remain focused on your day-to-day responsibilities.</td>
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<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: auto; VERTICAL-ALIGN: top; FONT-WEIGHT: bold; TEXT-ALIGN: left">I am an ADP shareholder. Will I be able to vote for our next Board of Directors?</td>
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<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">Our protocols have not changed in any way. All ADP shareholders, including associates who are shareholders, have the right to vote for ADP&#8217;s next Board of Directors at our 2017 Annual Meeting.</td>
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<div style="MARGIN-BOTTOM: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: center"># # #</div>

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<div style="MARGIN-BOTTOM: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #000000; TEXT-ALIGN: left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold">Safe Harbor Statement</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif"><br />
</font><font style="FONT-FAMILY: Arial">This document and other written or oral statements made from time to time by ADP may contain &#8220;forward-looking statements&#8221; within the meaning of the Private Securities Litigation Reform Act of 1995. Statements that are not historical in nature and which may be identified by the use of words like &#8220;expects,&#8221; &#8220;assumes,&#8221; &#8220;projects,&#8221; &#8220;anticipates,&#8221; &#8220;estimates,&#8221; &#8220;we believe,&#8221; &#8220;could,&#8221; &#8220;is designed to&#8221; and other words of similar meaning, are forward-looking statements. These statements are based on management&#8217;s expectations and assumptions and depend upon or refer to future events or conditions and are subject to risks and uncertainties that may cause actual results to differ materially from those expressed. Factors that could cause actual results to differ materially from those contemplated by the forward-looking statements or that could contribute to such difference include: ADP's success in obtaining and retaining clients, and selling additional services to clients; the pricing of products and services; compliance with existing or new legislation or regulations; changes in, or interpretations of, existing legislation or regulations; overall market, political and economic conditions, including interest rate and foreign currency trends; competitive conditions; our ability to maintain our current credit ratings and the impact on our funding costs and profitability; security or privacy breaches, fraudulent acts, and system interruptions and failures; employment and wage levels; changes in technology; availability of skilled technical associates; and the impact of new acquisitions and divestitures. ADP disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. These risks and uncertainties, along with the risk factors discussed under &#8220;Item 1A. - Risk Factors&#8221; in our Annual Report on Form 10-K should be considered in evaluating any forward-looking statements contained herein.</font></div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: left">ADDITIONAL INFORMATION</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left">ADP, its directors and certain of its executive officers may be deemed to be participants in the solicitation of proxies from Company shareholders in connection with the matters to be considered at the Company&#8217;s 2017 Annual Meeting. The Company intends to file a proxy statement and WHITE proxy card with the U.S. Securities and Exchange Commission (the &#8220;SEC&#8221;) in connection with any such solicitation of proxies from Company shareholders. COMPANY SHAREHOLDERS ARE STRONGLY ENCOURAGED TO READ ANY SUCH PROXY STATEMENT AND ACCOMPANYING WHITE PROXY CARD WHEN THEY BECOME AVAILABLE AS THEY WILL CONTAIN IMPORTANT INFORMATION. Information regarding the ownership of the Company&#8217;s directors and executive officers in Company stock and other securities is included in their SEC filings on Forms 3, 4, and 5, which can be found through the Company&#8217;s website (www.adp.com) in the section &#8220;Investor Relations&#8221; or through the SEC&#8217;s website at www.sec.gov. Information can also be found in the Company&#8217;s other SEC filings, including the Company&#8217;s Annual Report on Form 10-K. More detailed and updated information regarding the identity of potential participants, and their direct or indirect interests, by security holdings or otherwise, will be set forth in the proxy statement and other materials to be filed with the SEC in connection with the Company&#8217;s 2017 Annual Meeting. Shareholders will be able to obtain any proxy statement, any amendments or supplements to the proxy statement and other documents filed by the Company with the SEC for no charge at the SEC&#8217;s website at www.sec.gov. Copies will also be available at no charge at the Company&#8217;s website at&#160;<font style="FONT-SIZE: 10pt"><u>www.adp.com</u></font>.</div>

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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
