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MIL-OSI: Shell announces commencement of share buybacks

July 29, 2021 Royal Dutch Shell plc (the ‘company’) today announces the commencement of share buybacks as part of its move to the next phase of its capital allocation framework, which includes shareholder distributions in a range of 20-30% of CFFO. The company has entered into an irrevocable, non-discretionary arrangement with a broker to enable the purchase of A ordinary shares and/or B ordinary shares for a period up to and including December 29, 2021. The aggregate maximum consideration for the purchase of A ordinary shares and/or B ordinary shares is $2.0 billion, of which it is expected that more than half will have been completed by the company’s Q3 results, which are scheduled for October 28, 2021.  The purpose of the share buybacks is to reduce the issued share capital of the company. All shares repurchased as part of this arrangement will be cancelled.

Investegate |Royal Dutch Shell plc Announcements | Royal Dutch Shell plc: ROYAL DUTCH SHELL PLC PUBLISHES SECOND QUARTER 2021 PRESS RELEASE

ROYAL DUTCH SHELL PLC PUBLISHES SECOND QUARTER 2021 PRESS RELEASE The Hague, July 29, 2021 We are stepping up our shareholder distributions today, increasing dividends and starting share buybacks, while we continue to invest for the future of energy. The quality of Shell’s operational and financial delivery and strengthened balance sheet have given the Board confidence to rebase the dividend per share from Q2 2021 onwards to 24 US cents. We are also launching $2 billion of share buybacks, which is targeted to be completed by the end of this year. Total shareholder distributions for 2021 are expected to be around the middle of the 20-30% range of CFFO from the previous four quarters. Our progressive dividend policy to grow dividends per share by 4% annually, subject to Board approval, remains unchanged.  

Investegate |Royal Dutch Shell plc Announcements | Royal Dutch Shell plc: Royal Dutch Shell plc second quarter 2021 interim dividend

Note A different currency election date may apply to shareholders holding shares in a securities account with a bank or financial institution ultimately holding through Euroclear Nederland. This may also apply to other shareholders who do not hold their shares either directly on the Register of Members or in the corporate sponsored nominee arrangement. Shareholders can contact their broker, financial intermediary, bank or financial institution for the election deadline that applies. Taxation - cash dividends Cash dividends on A Shares will be subject to the deduction of Dutch dividend withholding tax at the rate of 15%, which may be reduced in certain circumstances. Non-Dutch resident shareholders, depending on their particular circumstances, may be entitled to a full or partial refund of Dutch dividend withholding tax.

Investegate |Royal Dutch Shell plc Announcements | Royal Dutch Shell plc: Shell announces commencement of share buybacks

Shell announces commencement of share buybacks July 29, 2021 Royal Dutch Shell plc (the ‘company’) today announces the commencement of share buybacks as part of its move to the next phase of its capital allocation framework, which includes shareholder distributions in a range of 20-30% of CFFO. The company has entered into an irrevocable, non-discretionary arrangement with a broker to enable the purchase of A ordinary shares and/or B ordinary shares for a period up to and including December 29, 2021. The aggregate maximum consideration for the purchase of A ordinary shares and/or B ordinary shares is $2.0 billion, of which it is expected that more than half will have been completed by the company’s Q3 results, which are scheduled for October 28, 2021.  The purpose of the share buybacks is to reduce the issued share capital of the company. All shares repurchased as part of this arrangement will be cancelled.

Royal Dutch Shell Plc (LSE:RDSA) | RNS | ROYAL DUTCH SHELL PLC 2ND QUARTER 2021 AND HALF YEAR UNAUDITED RESULTS

Royal Dutch Shell Plc (LSE:RDSA) | RNS | ROYAL DUTCH SHELL PLC 2ND QUARTER 2021 AND HALF YEAR UNAUDITED RESULTS
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