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 The share capital has been split 3 times since the last share capital issue in 1969:

A list of the share capital history since 1969
   Split rate Par value Number of outstanding shares after split
02 March 1981 1:2 NLG 10.00 268,037,444
18 January 1989 1:2 NLG 5.00 536,074,088
30 June 1997 1:4 NLG 1.25 2,144,296,352

In 2002, the share capital was Redenominated from guilders to euros:

The share capital was Redenominated from guilders to euros
  Par value after
redomination
Number of outstanding shares after
redomination
16 May 2002 € 0.56 2,083,500,000

Under a share buyback programme, a total of 60,796,352 ordinary shares Royal Dutch have been acquired in 2001 and 2002. All these shares been cancelled following approval by the General Meeting of Shareholders.
In 2004, 9,100,000 ordinary shares Royal Dutch have been acquired and for 1,775,000 ordinary shares cancellation was approved by the General Meeting of Shareholders held in June 2004.


The number of outstanding shares per December 31, 2004 was 2,081,725,000 ordinary shares, including 7,325,000 ordinary shares purchased and held by Royal Dutch. In the January, February and March 2005, 4,880,000 ordinary shares have been acquired by Royal Dutch. For these shares, and the shares held per 31 December 2004, the General Meeting of Shareholders held in June 2005 has approved cancellation.


Pursuant to the amendment of the articles of association of Royal Dutch on 4 July, 2005, the 1500 outstanding priority shares were converted in 1,200,000 ordinary shares. Therefore, the total number of outstanding shares of Royal Dutch is 2,082,925,000.

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