Links in Excel help

I have an Excel master file at our office. In that file, I have tons of hyperlinks to external pdf files and other Excel files. This is all on a Win2000 server.


I am migrating over to a 2012 Essentials server and I am trying to figure out how to move my master Excel file and all the other external files over without losing the links. I thought if I moved the external file, Excel would keep track of the move and update the link automatically but in my test, this did not happen.

Any thoughts on this?