The electronic trading system of China Iron Ore Spot Trading Platform can quote price indexes or the benchmark price for declaration in Delivering A and Bonded Zone B, which are listed as following:

1.   China Iron Ore Spot Trading Platform Benchmark Price (Platform Benchmark Price): 63.5% Fe Fines, 62% Fe Fines, 61.5% Fe Fines, 58% Fe Fines.

2.    Platts Iron Ore Price Index（Platts Index）: 65% Fe Fines, 62%Fe Fines, 58%Fe Fines, 58% Fe Fines (Low Al), 52%Fe Fines.

3.    Metal Bulletin Iron Ore Index（MBIO Index）: 65% Fe (Brazilian Index), 62%Fe Fines, 58%Fe Fines（HSP）,58%Fe Fines.

4.    The Steel Index（TSI）: 62%Fe Fines, 62%( 2% Al) Fe Fines, 58%Fe Fines.

5.    Mysteel Iron Ore Index (Mysteel Index): 65%Fe Fines, 62%Fe Fines, 58%Fe Fines.

6.    China Iron Ore Spot Price Index (CSI Index): 62% Fe Fines.

7. Argus Index: 65% Fe Fines, 63% Fe Fines, 62% Fe Fines, 58% Fe Fines.

Hereby informed.

Beijing Iron Ore Trading Center Corporation

China Beijing International Mining Exchange

Dec 9,2014