SUBSCRIBER NOTE: Platts to rename European fuel oil swaps from January 2

Platts confirms that it will rename its assessments for FOB ARA fuel oil 3.5% barge swaps, FOB ARA fuel oil 1% barge swaps, and related derivatives assessments to reflect "FOB Rotterdam" as their basis location with effect from January 2, 2014. The renaming, first proposed by Platts on December 11, 2012, better aligns the assessment with underlying physical market assessments used to settle these derivatives. Rotterdam is the basis location for the Platts physical high sulfur fuel oil barge assessments that underpin these derivatives. The related swaps assessments are published on Platts Forward Curve Europe, an add-on information service to Platts Global Alert. A list of pages carrying FOB ARA fuel oil swaps assessments is provided below. PAGE CONTENT 1684 Platts Fuel Oil 1% FOB ARA Barge and Brent Crack Swaps 1687 Platts Fuel Oil 3.5% ARA/Med Diff Swaps 1680 Platts Fuel Oil 3.5% FOB ARA Barge and Brent Crack Swaps

Please send any comments or queries to europe_products@platts.com and pricegroup@platts.com.