SeaFood Business

JUL 2012

SeaFood Business is the global trusted authority for seafood buyers and sellers. We are the seafood industry's leading trade magazine with more than 30 years of experience. Our coverage is based on the "business" of buying and selling seafood.

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/(*$/ 127,&( 'HHSZDWHU +RUL]RQ 2LO 6SLOO Medical Benefits Settlement Providing Benefits to Clean-Up Workers and Certain Gulf Coast Residents If you have a medical claim related to the Deepwater Horizon oil spill, you could get benefits from a class action settlement with BP Exploration & Production Inc. and BP America Production Company ("BP"). Go to DeepwaterHorizonSettlements.com for more information, including information on how to file a claim. WHO IS INCLUDED IN THE MEDICAL BENEFITS SETTLEMENT? The Medical Class includes (1) clean-up workers and (2) certain people who resided in specific geographic areas in coastal and wetlands areas along the Gulf Coast during specific periods in 2010. The website DeepwaterHorizonSettlements.com has detailed descriptions and maps to help you determine whether a geographic location may be included in one of these zones. Additionally, you can call 1-866-992-6174 or e-mail info@DeepwaterHorizonMedicalSettlement. com to find out if a geographic location is included. WHAT DOES THE MEDICAL BENEFITS SETTLEMENT PROVIDE? The benefits of the Medical Benefits Settlement include: (1) payments to qualifying people for certain acute (short-term) and chronic (ongoing) medical conditions occurring after exposure to oil or chemical dispersants; (2) provision of periodic medical examinations to qualifying people; and (3) creation of a Gulf Region Health Outreach Program, consisting of projects to strengthen the healthcare system. Benefits (1) and (2) will be provided only after the Court grants final approval and any appeals are resolved. HOW TO GET BENEFITS FROM THE MEDICAL BENEFITS SETTLEMENT You need to submit a Claim Form to request benefits. You can get a copy of the Claim Form by visiting the website or by calling 1-866-992-6174. Claims can be submitted by mail. If you have questions about how to file your claim, you should call the toll-free number for assistance. The deadline for filing a Claim Form is one year after the Medical Benefits Settlement becomes effective (that is, after the Court grants "final approval" and any appeals are resolved). The exact date of the claim filing deadline will be posted on the website. It is highly recommended that Medical Class Members complete and submit their claim forms promptly. Please read the Economic and Property Damages Settlement notice because you may also be eligible for a payment from that settlement. YOUR OTHER OPTIONS If you do not want to be legally bound by the Medical Benefits Settlement, you must Opt Out or exclude yourself by October 1, 2012 or you won't be able to sue BP over certain medical claims. If you stay in the Medical Benefits Settlement, you may object to it by August 31, 2012. The Detailed Notice explains how to exclude yourself or object. The Court will hold a hearing on November 8, 2012 to consider whether to approve the Medical Benefits Settlement. You or your own lawyer may ask to appear and speak at the hearing at your own cost. Class Counsel will ask the Court to consider an award of fees, costs, and expenses of 6% of the value of the benefits actually provided under the Medical Benefits Settlement Agreement. Class Counsel fees, costs, and expenses under the Medical Benefits Settlement Agreement and the Economic and Property Damages Settlement Agreement jointly cannot exceed $600 million. Class members' payments will not be reduced if the Court approves the payment of Class Counsel fees, costs, and expenses because BP will separately pay these attorney fees, costs, and expenses. DeepwaterHorizonSettlements.com 1-866-992-6174

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