REG-Shell Plc First Quarter 2025 Euro and GBP Equivalent Dividend Payments

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SHELL PLC FIRST QUARTER 2025 EURO AND GBP EQUIVALENT DIVIDEND PAYMENTS

June 9, 2025

The Board of Shell plc today announced the pounds sterling and euro equivalent
dividend payments in respect of the first quarter 2025 interim dividend, which
was announced on May 2, 2025 at US$0.358 per ordinary share.

Shareholders have been able to elect to receive their dividends in US dollars,
euros or pounds sterling. Holders of ordinary shares who have validly
submitted US dollars, euros or pounds sterling currency elections by June 2,
2025 will be entitled to a dividend of US$0.358, €0.3136 or 26.41p per
ordinary share, respectively.

Absent any valid election to the contrary, persons holding their ordinary
shares through Euroclear Nederland will receive their dividends in euros at
the euro rate per ordinary share shown above. Absent any valid election to the
contrary, shareholders (both holding in certificated and uncertificated form
(CREST members)) and persons holding their shares through the Shell Corporate
Nominee will receive their dividends in pounds sterling, at the pound sterling
rate per ordinary share shown above.

Euro and pounds sterling dividends payable in cash have been converted from US
dollars based on an average of market exchange rates over the three dealing
days from June 4 to June 6, 2025. This dividend will be payable on June 23,
2025 to those members whose names were on the Register of Members on May 16,
2025.

Taxation - cash dividend
If you are uncertain as to the tax treatment of any dividends you should
consult your tax advisor.

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.

Enquiries
Media: International +44 (0) 207 934 5550; U.S. and Canada:
https://www.shell.us/about-us/news-and-insights/media/submit-an-inquiry.html

CAUTIONARY NOTE

The companies in which Shell plc directly and indirectly owns investments are
separate legal entities. In this announcement “Shell”, “Shell Group”
and “Group” are sometimes used for convenience to reference Shell plc and
its subsidiaries in general. Likewise, the words “we”, “us” and
“our” are also used to refer to Shell plc and its subsidiaries in general
or to those who work for them. These terms are also used where no useful
purpose is served by identifying the particular entity or entities.
‘‘Subsidiaries’’, “Shell subsidiaries” and “Shell companies”
as used in this announcement refer to entities over which Shell plc either
directly or indirectly has control. The terms “joint venture”, “joint
operations”, “joint arrangements”, and “associates” may also be used
to refer to a commercial arrangement in which Shell has a direct or indirect
ownership interest with one or more parties.  The term “Shell interest”
is used for convenience to indicate the direct and/or indirect ownership
interest held by Shell in an entity or unincorporated joint arrangement, after
exclusion of all third-party interest. 

Forward-Looking statements
This announcement contains forward-looking statements (within the meaning of
the U.S. Private Securities Litigation Reform Act of 1995) concerning the
financial condition, results of operations and businesses of Shell. All
statements other than statements of historical fact are, or may be deemed to
be, forward-looking statements. Forward-looking statements are statements of
future expectations that are based on management’s current expectations and
assumptions and involve known and unknown risks and uncertainties that could
cause actual results, performance or events to differ materially from those
expressed or implied in these statements. Forward-looking statements include,
among other things, statements concerning the potential exposure of Shell to
market risks and statements expressing management’s expectations, beliefs,
estimates, forecasts, projections and assumptions. These forward-looking
statements are identified by their use of terms and phrases such as “aim”;
“ambition”; ‘‘anticipate’’;  “aspire”; “aspiration”;
‘‘believe’’; “commit”; “commitment”; ‘‘could’’;
“desire”; ‘‘estimate’’; ‘‘expect’’; ‘‘goals’’;
‘‘intend’’; ‘‘may’’; “milestones”; ‘‘objectives’’;
‘‘outlook’’; ‘‘plan’’; ‘‘probably’’;
‘‘project’’; ‘‘risks’’; “schedule”; ‘‘seek’’;
‘‘should’’; ‘‘target’’; “vision”; ‘‘will’’;
“would” and similar terms and phrases. There are a number of factors that
could affect the future operations of Shell and could cause those results to
differ materially from those expressed in the forward-looking statements
included in this announcement, including (without limitation): (a) price
fluctuations in crude oil and natural gas; (b) changes in demand for Shell’s
products; (c) currency fluctuations; (d) drilling and production results; (e)
reserves estimates; (f) loss of market share and industry competition; (g)
environmental and physical risks, including climate change; (h) risks
associated with the identification of suitable potential acquisition
properties and targets, and successful negotiation and completion of such
transactions; (i) the risk of doing business in developing countries and
countries subject to international sanctions; (j) legislative, judicial,
fiscal and regulatory developments including tariffs and regulatory measures
addressing climate change; (k) economic and financial market conditions in
various countries and regions; (l) political risks, including the risks of
expropriation and renegotiation of the terms of contracts with governmental
entities, delays or advancements in the approval of projects and delays in the
reimbursement for shared costs; (m) risks associated with the impact of
pandemics, regional conflicts, such as the Russia-Ukraine war and the conflict
in the Middle East, and a significant cyber security, data privacy or IT
incident; (n) the pace of the energy transition; and (o) changes in trading
conditions. No assurance is provided that future dividend payments will match
or exceed previous dividend payments. All forward-looking statements contained
in this announcement are expressly qualified in their entirety by the
cautionary statements contained or referred to in this section. Readers should
not place undue reliance on forward-looking statements. Additional risk
factors that may affect future results are contained in Shell plc’s Form
20-F for the year ended December 31, 2024 (available
at www.shell.com/investors/news-and-filings/sec-filings.html and www.sec.gov).
These risk factors also expressly qualify all forward-looking statements
contained in this announcement and should be considered by the reader.  Each
forward-looking statement speaks only as of the date of this announcement,
June 9, 2025. Neither Shell plc nor any of its subsidiaries undertake any
obligation to publicly update or revise any forward-looking statement as a
result of new information, future events or other information. In light of
these risks, results could differ materially from those stated, implied or
inferred from the forward-looking statements contained in this announcement.

Shell’s net carbon intensity
Also, in this announcement we may refer to Shell’s “net carbon
intensity” (NCI), which includes Shell’s carbon emissions from the
production of our energy products, our suppliers’ carbon emissions in
supplying energy for that production and our customers’ carbon emissions
associated with their use of the energy products we sell. Shell’s NCI also
includes the emissions associated with the production and use of energy
products produced by others which Shell purchases for resale. Shell only
controls its own emissions. The use of the terms Shell’s “net carbon
intensity” or NCI is for convenience only and not intended to suggest these
emissions are those of Shell plc or its subsidiaries.

Shell’s net-zero emissions target
Shell’s operating plan and outlook are forecasted for a three-year period
and ten-year period, respectively, and are updated every year. They reflect
the current economic environment and what we can reasonably expect to see over
the next three and ten years. Accordingly, the outlook reflects our Scope 1,
Scope 2 and NCI targets over the next ten years. However, Shell’s operating
plan and outlook cannot reflect our 2050 net-zero emissions target, as this
target is outside our planning period. Such future operating plans and
outlooks could include changes to our portfolio, efficiency improvements and
the use of carbon capture and storage and carbon credits. In the future, as
society moves towards net-zero emissions, we expect Shell’s operating plans
and outlooks to reflect this movement. However, if society is not net zero in
2050, as of today, there would be significant risk that Shell may not meet
this target. 

Forward Looking non-GAAP measures
This announcement may contain certain forward-looking non-GAAP measures such
as adjusted earnings and divestments. We are unable to provide a
reconciliation of these forward-looking non-GAAP measures to the most
comparable GAAP financial measures because certain information needed to
reconcile those non-GAAP measures to the most comparable GAAP financial
measures is dependent on future events some of which are outside the control
of Shell, such as oil and gas prices, interest rates and exchange rates.
Moreover, estimating such GAAP measures with the required precision necessary
to provide a meaningful reconciliation is extremely difficult and could not be
accomplished without unreasonable effort. Non-GAAP measures in respect of
future periods which cannot be reconciled to the most comparable GAAP
financial measure are calculated in a manner which is consistent with the
accounting policies applied in Shell plc’s consolidated financial
statements.

The contents of websites referred to in this announcement do not form part of
this announcement.

We may have used certain terms, such as resources, in this announcement that
the United States Securities and Exchange Commission (SEC) strictly prohibits
us from including in our filings with the SEC.  Investors are urged to
consider closely the disclosure in our Form 20-F, File No 1-32575, available
on the SEC website www.sec.gov.

LEI number of Shell plc: 21380068P1DRHMJ8KU70
Classification: Additional regulated information required to be disclosed
under the laws of the United Kingdom