Roll Dates

Roll Dates are projected and subject to change without notice. Roll Dates are the expected dates on which the composition of the Benchmark Futures Contract is changed or ''rolled'' by selling the near month contract and buying the next month contract. The change occurs over four days.

Roll Start	Roll End
November 30, 2012	December 5, 2012
January 2, 2013	January 7, 2013
January 30, 2013	February 4, 2013
February 28, 2013	March 5, 2013
April 1, 2013	April 4, 2013
May 2, 2013	May 7, 2013
May 30, 2013	June 4, 2013
July 2, 2013	July 8, 2013
August 1, 2013	August 6, 2013
August 30, 2013	September 5, 2013
October 2, 2013	October 7, 2013
October 31, 2013	November 5, 2013
December 2, 2013	December 5, 2013
January 2, 2014	January 7, 2014

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For a copy of the Prospectus contact: ALPS Distributors, Inc., 1290 Broadway, Suite 1100, Denver, Colorado 80203 or call 800.920.0259 or click here. Please read it carefully before investing.

The Commodity Futures Trading Commission has not passed upon the merits of participating in these pools nor has the Commission passed on the adequacy or accuracy of this Prospectus.

Neither the Securities and Exchange Commission ("SEC"), nor any State Securities Commission has approved or disapproved the securities offered in this Prospectus or determined if this Prospectus is truthful or complete. Any representation to the contrary is a criminal offense.

BNO^®is not a mutual fund or any other type of Investment Company within the meaning of the Investment Company Act of 1940, as amended, and is not subject to regulation thereunder.

This investment is not suitable for all investors.

Commodity trading is highly speculative. Commodities and futures generally are volatile and are not suitable for all investors. BNO is speculative and involves a high degree of risk. Investing in BNO subjects you to the risks of the oil industry. These risks could result in large fluctuations in the price of BNO's units. An investor may lose all or substantially all of an investment in BNO. Funds that focus on a single sector generally experience greater volatility.

The Benchmark Futures Contract does not correlate exactly with the spot price of Brent crude oil and this could cause the changes in the price of the units to substantially vary from the changes in the spot price of Brent crude oil. Therefore, you may not be able to effectively use BNO to hedge against crude oil-related losses or as a way to indirectly invest in crude oil. For further discussion of these and additional risks associated with an investment in BNO units, click here.

Units of BNO may be purchased or sold throughout the day through any brokerage account, which will result in typical brokerage commissions. Investors buy and sell units in the secondary market (i.e., not directly from BNO). Only authorized purchasers may trade directly with BNO, in minimum blocks of 50,000 units.

The United States Brent Oil Fund, LP is distributed by ALPS Distributors, Inc.

BNO United States Brent Oil Fund^® and Design mark are registered trademarks of The United States Commodity Funds LLC. The United States Commodity Funds^® is a registered trademark. | All rights reserved.