SUBSCRIBER NOTE: Platts proposes to launch M+4 Cash BFOE assessment

Effective October 1, 2014, Platts proposes to launch a Cash BFOE assessment to reflect forward Brent four months ahead of the month of publication (M+04). The instrument would complement Platts' existing Cash BFOE assessments, which currently reflect one, two and three months ahead of the month of publication. Platts also proposes to launch an Exchange of Futures for Physical (EFP) assessment to reflect the EFP for M+4 Brent. The new assessments would be published alongside Platts' existing Cash BFOE and EFP assessments in Platts Crude Oil Marketwire, Platts Oil Price Report and on Platts Global Alert pages 1210 and 1212. Platts will publish bids, offers and expressions of interest to trade M+04 Cash BFOE through its MOC assessment process. Please send any comments or questions by August 1, 2014 to europe_crude@platts.com and pricegroup@platts.com. For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.