Dated Brent (Platts) vs. Brent First Month (BFOE) (Platts) Weekly

1,000 barrels

U.S. dollars and cents per barrel

Financially Settled

The Floating Price for each Brent CFD (Platts) vs. Brent Second Month (Platts) Weekly Futures contract is the arithmetic average of the mid-point between the high and low quotations from Platts Crude Oil Marketwire for Dated Brent minus the arithmetic average mid-point between the high and low quotations from Platts Crude Oil Marketwire for the second month Brent cash price, for each business day that both prices are determined during the specified contract week.The floating price reflects data published during a specified calendar week, from Monday to Friday inclusive.The same calendar month reference shall be used for all days of the week, and shall be determined as the first month reference published on the Monday of the specified week (or would have been published had publication taken place on that Monday). The Floating Price is calculated using the common pricing convention. In calculating the spread differential, the monthly average for each component leg of the spread shall be calculated by using only the common trading days in the month between the two component legs, followed by the calculation of the spread differential between the two averages.