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Notification of Provisional Refusal based on an Ex Officio Examination (to WIPO) Pursuant to Rule 17(2) of the Common Regulations under the Madrid Agreement concerning the international registration of marks and the Protocol relating to that Agreement. I. Name and address of the Office making the notification: Norwegian Industrial Property Office Telephone: +47 22 38 73 00 P.O.Box 8160 Dep., N-0033 OSLO, NORWAY Telefax: +47 22 38 73 01 E-mail: mail@patentstyret.no II. International registration: 1326207 S&P GLOBAL III. IV. Date of Subsequent Designation (if any):(yyyy.mm.dd) Holder of the international registration: McGraw Hill Financial, Inc., 55 Water Street, US-NY10041 V. The scope of the refusal: Provisional refusal for all goods and/or services Provisional partial refusal for some of the goods and services - see under X VI. Grounds for refusal: Absolute grounds: Trademark Act Section 18 - The terms «arranging and conducting business conferences, workshops, and exhibitions concerning general news, business and financial information, financial indices, financial and credit ratings, market research, data analytics, stock prices, equity research, investment funds, risk solutions, investment data, and information concerning energy, commodities, shipping, contracting, product and services ratings, and the financial, automotive, boating, electronics, healthcare, homes, insurance, telecommunications, travel, and consumer products industries» in class 35, «pricing of commodities» in class 36, «Providing general news and information concerning the commodities, energy, metals, and energy generation and production industries», «providing general news and information online concerning the commodities, energy, metals, and energy generation and production industries», in class 40, «Providing a website containing non-downloadable articles and reports concerning general news, business and financial information, financial indices, financial and credit ratings, market research, data analytics, stock prices, equity research, investment funds, risk solutions, investment data, and information concerning energy, commodities, metal pricing and metal market data, shipping, contracting, product and services ratings, and the financial, automotive, boating, electronics, healthcare, homes, insurance, telecommunications, travel, and consumer products industries» in class 41 are considered too vague and are not sufficiently specified with regards to the goods or types of goods to which those services relate. As the subject matter of the protection conferred is not adequately precise, the mark must be refused. Relative grounds: Trademark Act Section 16.a Likelihood of confusion with:

National registration number: 124248 S&P 259494 S&P 273584 S&P GIVI International registration number: 1116047 S&P CAPITAL IQ 1124651 S&P INDICES 1124652 S&P INDICES VII. You will find more information about the conflicting mark(s) (if any) enclosed under XIII. The relevant provisions of the Norwegian Trademarks Act are under XII. VIII. Date of provisional refusal: (yyyy.mm.dd) 2017.07.14 Response must be received within: (yyyy.mm.dd) 2017.10.14 See more information under XI about the time limit and which actions you need to take if you want to request a review of the provisional refusal. IX. Signature by the Office: THE NORWEGIAN INDUSTRIAL PROPERTY OFFICE Therese Joelsen (National reference no.: 201700070) Number of continuation sheets: 9

Continuation sheet no: 1 X. Scope of the provisional refusal in respect of goods and services: If the holder does not contest the refusal within 3 months, protection is given for: Class 41 limited to: Conducting awards programs providing incentives to people, business entities, and organizations to demonstrate excellence in a variety of fields through the issuance of awards; news reporting services, namely, providing real-time information concerning the financial markets, financial indices, and financial ratings; providing on-line publications in the nature of electronic books, magazines, and newsletters concerning the financial markets, financial indices, and financial ratings. The international registration will be published for protection with the above-reduced list of goods/services. Rapid publication of the limited list If the holder accepts the proposed limitation of the goods/services, and wishes a publication of the mark for these goods/services as soon as possible, he/she may confirm this in writing to The Norwegian Industrial Property Office. If The Norwegian Industrial Property Office does not receive any such confirmation from the holder, the mark will however be published for protection of the limited list of goods/services, after the expiry of all the time limits. XI. The holder of the registration may request a review of the provisional refusal. The Norwegian Industrial Property Office must receive the request no later than 3 months from the date of this provisional refusal (The time limit is indicated under point VIII). Such request must provide an address of correspondence and be filed in Norwegian, Danish, Swedish or English. The Norwegian Industrial Property Office will respond in Norwegian. Please note that if The Norwegian Industrial Property Office, either subsequent to review or appeal, accept the designation of Norway, a post grant opposition may be filed against the mark within 3 months from the publication of the mark. If the holder does not respond to this provisional refusal within the time limit, the international registration shall be considered abandoned in Norway for the goods/services that are excluded (Trademark Act Section 70 and 23). The international registration shall be resumed if the holder, within two months from the expiration of the time limit responds to the provisional refusal and pays the stipulated fee (NOK 550,-). Please note that The Norwegian Industrial Property Office does not send any notifications to the holder that the international registration is abandoned in Norway. XII. The relevant provisions of the Norwegian Trademarks Act regarding the grounds of this provisional refusal: 4. Content of a trademark right A trademark right has the effect that no one, without the consent of the proprietor of the trademark right (the trademark proprietor), may use in an industrial or commercial undertaking: a) any sign which is identical with the trademark for goods or services for which the trademark is protected b) any sign which is identical with or similar to the trademark for identical or similar goods or services if there exists a likelihood of confusion, such as if the use of the sign may give the impression that there is a link between the sign and the trademark. For a trademark which is well known in Norway, the trademark right implies that no one, without the consent of the trademark proprietor, may use a sign that is identical with or similar to the trademark for similar or any other goods or services, if the use of that sign without due cause takes unfair advantage of, or is detrimental to, the distinctive character or repute

Continuation sheet no: 2 (goodwill) of the well-known trademark. Use is considered to include the following: a) affixing the trademark to goods or to the packaging thereof b) offering goods for sale or otherwise putting them on the market, stocking or delivering them under the sign, or offering or supplying services thereunder c) importing or exporting goods under the trademark d) using the sign on business documents and in advertising. Verbal use of the sign is also considered as use. 16. Trademarks that conflict with the rights of others A trademark cannot be registered without the consent of the relevant proprietor of rights if: a) use of the trademark would infringe the right of another in this country to a trademark or business name or another business sign, b) the trademark is liable to be confused with a trademark, business name or other business sign that someone else started to use as a the distinctive sign for goods or services before the applicant and is still using, and the applicant was aware of this use when the application for registration was filed, in such way that the filing shall be considered to have taken place in conflict with honest practices in industrial or commercial matters c) the trademark contains something that is liable to be perceived as another person s name, stage name or portrait, unless it obviously refers to a person who is long dead, d) the trademark contains something that is liable to be perceived as the distinctive title of another s protected creative or intellectual work or it infringes another s right in Norway to a creative or intellectual work or a photography or a design, or e) the trademark infringes another s right in Norway to a designation protected in regulations pursuant to Act no. 6 of 17 June 1932 on Quality Control of Agricultural Goods, etc. or Act no. 124 of 19 December 2003 on Food Production and Food Safety, etc. 18. Classes of goods and services Trademarks are registered for specific goods or services within specified classes of goods or services. The classification of goods and services shall be set forth by the King. Guide to the following INID codes: (111): National registration number/ International registration number (151): Date of national registration/date of international registration (180): Date of expiry (210): National application number (220): National application date /Date of notification (300): Data relating to priority (if any) (450): Date of publication (511): List of goods and services (540): Reproduction of the mark (541): Indication relating to the nature or kind of mark (in Norwegian) (546): Indication relating to the nature or kind of mark (in Norwegian) (551): Collective mark (regulations) (571): Description of the mark (731): Name of the applicant (732): Name of the proprietor (740): Power of attorney

Continuation sheet no: 3 XIII. Prior marks cited ex officio (111) Reg.nr.: 124248 (151) Reg.dato.: 1986.02.06 (180) Registreringen utløper: 2026.02.06 (210) Søknadsnr.: 19851307 (220) Inndato: 1985.04.03 (546) Merketype: Merket er et kombinert merke eller et rent figurmerke S&P Soler y Palau SA, ES-RIPOLL, Spania Soler & Palau Ventilation Group, S.L., C/Dr. Ferràn, 25, ES-08034 BARCELONA, Spania Bryn Aarflot AS, Postboks 449 Sentrum, 0104 OSLO, Norge Klasse 7 Hele klassene. Klasse 9 Klasse 11 Hele klassene. Hele klassene.

Continuation sheet no: 4 (111) Reg.nr.: 259494 (151) Reg.dato.: 2011.04.05 (180) Registreringen utløper: 2020.10.04 (210) Søknadsnr.: 201010116 (220) Inndato: 2010.10.04 (450) Kunngjøringsdato: 2011.04.11 S&P (541) Merketype: Merket er et ordmerke i standard font S&P Onsagers AS, Postboks 1813 Vika, 0123 OSLO, Norge Klasse 35 Business rådgivnings-og informasjonstjenester; fremskaffelse av økonomiske indekser i form av kvantitative målinger, for å vurdere investeringer, markedstrender og finansielle instrumenter. Klasse 36 Finans-og investeringsrådgivningstjenester; finans-og investeringsinformasjonstjenester; finansiell konsultasjon og forskning; rating tjenester, nemlig vedrørende ytelse av verdipapirer og investeringer og angående kredittverdighet; finansielle indekstjenester, inkludert å gi og oppdatere indekser av verdipapirer verdier; finansiell data- og aksjeforskning, risikostyringtjenester; analyser og rangeringer av fond, inkludert verdipapirfond; finans- og investeringstjenester, nemlig administrering av utstedelse, fast overtagelse og distribusjon av verdipapirer; on-line finans informasjonstjenester; on-line investeringsrådgivning.

Continuation sheet no: 5 (111) Reg.nr.: 273584 (151) Reg.dato.: 2013.12.10 (180) Registreringen utløper: 2022.02.14 (210) Søknadsnr.: 201201482 (220) Inndato: 2012.02.14 (450) Kunngjøringsdato: 2013.12.16 S&P GIVI (541) Merketype: Merket er et ordmerke i standard font S&P GIVI Onsagers AS, Postboks 1813 Vika, 0123 OSLO, Norge Klasse 36 Informasjonstjenester vedrørende finans- og investeringsvirksomhet, nemlig, handelsanalyse og finansinformasjon.

Continuation sheet no: 6 (111) Reg.nr.: 1116047 (151) Reg.dato.: 2011.12.09 (180) Registreringen utløper: 2021.12.09 (210) Søknadsnr.: 201205686 (220) Inndato: 2012.06.07 (300) Søknadsprioritet: 2011.12.06, US, 85487814 (450) Kunngjøringsdato: 2014.01.13 S&P CAPITAL IQ (541) Merketype: Merket er et ordmerke i standard font S&P CAPITAL IQ Onsagers AS, Postboks 1813 Vika, 0123 OSLO, Norge Klasse 9 Computer software for accessing and manipulating data in a financial database, creating customized financial models, charts, analyses and reports based on a financial database; computer software that performs risk portfolio analytics; computer software that performs quantitative risk analysis. Klasse 35 Klasse 36 Klasse 41 Klasse 42 Providing on-line retail store services featuring software applications in the field of financial-related data and company data over a global computer network; business consulting in the nature of providing merger and acquisition support services in the field of business; acquisition and merger consultation. Financial services provided over a global computer network, namely, commercial and investment banking; private equity and venture capital funding; investment services, namely, financial investment and investment consultation in the fields of funds, mutual funds, real estate, commodity, capital, securities, bonds, annuities; financial consulting in the nature of providing merger and acquisition support services in the field of finance; providing an on-line electronic database over a global network in the field of financial information; securities valuation services; providing real-time financial market data; commodities and data pricing. Providing on-line financial books, magazines, and newsletters. Providing temporary use of online non-downloadable

Continuation sheet no: 7 software for providing access to streaming quotes, news, charts and market views for use by the financial industry.

Continuation sheet no: 8 (111) Reg.nr.: 1124651 (151) Reg.dato.: 2011.11.17 (180) Registreringen utløper: 2021.11.17 (210) Søknadsnr.: 201208471 (220) Inndato: 2012.08.23 (300) Søknadsprioritet: 2011.11.01, US, 85461656 (450) Kunngjøringsdato: 2014.01.13 S&P INDICES (541) Merketype: Merket er et ordmerke i standard font S&P INDICES Onsagers AS, Postboks 1813 Vika, 0123 OSLO, Norge Klasse 16 Print periodical publications, namely, books and guides in the field of finance, investments, and securities; printed reports featuring information on financial indexes, stock indexes, securities indexes, commodities indexes, and investment concepts.

Continuation sheet no: 9 (111) Reg.nr.: 1124652 (151) Reg.dato.: 2011.11.17 (180) Registreringen utløper: 2021.11.17 (210) Søknadsnr.: 201208472 (220) Inndato: 2012.08.23 (300) Søknadsprioritet: 2011.11.01, US, 85461728 (450) Kunngjøringsdato: 2014.01.13 (546) Merketype: Merket er et kombinert merke eller et rent figurmerke (591) Informasjon om farger som merket kreves vernet for: Merket er i fargen(e): Red and black.,the mark consists of the red uppercase letters S&P above the term INDICES in black uppercase letters. S&P INDICES Onsagers AS, Postboks 1813 Vika, 0123 OSLO, Norge Klasse 16 Printed financial indexes, stock indexes, securities indexes, commodities indexes, and investment concepts; periodical publications, books, and guides relating to finance, investments, and securities; written reports containing information on financial indexes, stock indexes, securities indexes, commodities indexes, and investment concepts.