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Dear Members,

According to the market demand, the Price Index of Floating-Price Trading will be adjusted as follows,

Add “Platts Iron Ore Price Index（Platts Index）58% Fe Fines (low AL)”,

and then the Platts Index will be amended:

Platts Iron Ore Price Index（Platts Index）: 65% Fe Fines, 63.5/63% Fe Fines, 62% Fe Fines, 58% Fe Fines, 58% Fe Fines (low AL) and 52% Fe Fines.

Add “Argus Index”: 65% Fe Fines, 63% Fe Fines, 62% Fe Fines and 58% Fe Fines.

The effective date of this Announcement is October 23, 2014.

Hereby Informed.

Beijing Iron Ore Trading Center Corporation

China Beijing International Mining Exchange

Oct 10, 2014