PBF ENERGY INC

Ticker: PBF CUSIP: 69318G106 Class: Common Stock

Arbiter Partners Capital Management LLC's Holding History (CIK: 0001513193)

Note: Option positions (PUT/CALL) are excluded.

Q4 2014

Shares 280,933 Value ($000) $7,484 Avg Close $26.05 Range $21.02 - $30.75

Q3 2014

Shares 753,100 Value ($000) $18,074 Avg Close $26.36 Range $23.57 - $28.55

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2014	280,933	$7,484	$26.05	$21.02 - $30.75
Q3 2014	753,100	$18,074	$26.36	$23.57 - $28.55