SHELL ANNOUNCES NEW STRUCTURE FOR GAS, POWER AND CO2 MARKETING AND TRADING BUSINESS IN EUROPE.

Shell is integrating its European gas, power and CO2 marketing and trading businesses into one company, Shell Energy Europe Limited.  Shell Energy Europe Limited will coordinate Shell’s European gas marketing and trading business across 14 offices around Europe, and will have its headquarters in London.

The move brings together the portfolios, strengths and skills of two existing Shell organisations – Shell Energy Europe BV and Shell Energy Trading Limited – and enables Shell to consolidate its position in the European gas and power markets.

“To ensure we remain competitive, we are constantly looking at innovative ways to improve the products and services we offer our customers,” said Slavko Preocanin, recently appointed President of Shell Energy Europe Limited.

“One way to make it easier for our customers to do business with us is to streamline our corporate structure. We have therefore decided to bring together two key areas of activity – marketing and trading – in a single, customer facing organisation.  This will enable us to enhance our service delivery, offering faster deal execution and more innovative customer value propositions.  We also want to further develop our long-standing relationships with our suppliers.”

The integration reinforces our commitment to deliver comprehensive solutions to meet our customers’ energy challenges. We will continue to offer our customers the benefits of a close partnership with a reliable and professional energy sales team, founded on our pan-European market expertise.

This is an important development that will benefit our customers and demonstrates our long-term commitment to the European gas, power and CO2 markets.

ENQUIRIES

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Notes to Editors

Shell has more than 40 years of experience at the forefront of the global gas industry and in this time has developed leading positions in Europe, North America and Asia. Our success has been built on a highly reliable and diverse supply portfolio including the largest equity share of liquefied natural gas (LNG) capacity of any international oil company.

In Europe, Shell has been a leading producer of gas for decades with production in the UK, the Netherlands, Norway, Denmark, Germany and Italy, which – combined with third party supplies and a global LNG position – gives us an unrivalled position amongst private energy companies.  In 2008, Shell produced 38 billion cubic metres of gas for the European market.

Shell and the European energy market.

• Shell is a major player in the European energy market.
• Along with JV partners, it is active in 19 countries, serving 8,000 customers along the value chain.
• Shell markets gas and power to industrial, utility, distribution and commercial customers through 14 offices across Europe.

About the new leadership team at Shell Energy Europe Limited

Slavko Preocanin, President of Shell Energy Europe Limited, brings extensive marketing and trading experience from across Shell to his new role. Most recently he was the General Manager at Shell Energy Trading Limited based in London, and prior to that Senior Vice President with Shell Energy North America in Houston. He has also worked for Shell in Manufacturing, Downstream Strategy and Retail. In his new role he will be responsible for all marketing, sales and trading activities for gas and power in Europe, as well as for CO2 Marketing and Trading worldwide.

Ken Snodgrass will take up the role of General Manager North West Europe.  Ken joins Shell Energy Europe Limited from the role of Senior Vice President North Region in Shell Energy North America.

Fabio Ganzer will take up the role of General Manager South East Europe. Fabio currently holds the role of Vice President European Business Development in Shell Energy Europe BV.

Stuart Bradford will take up the role of General Manager Marketing, Strategy and Analysis. Since 2007, he has been a General Manager in the Gas and Power Marketing team for North Asia. Based in Moscow, he represents Shell's interests in commercial matters – including LNG marketing – within the Sakhalin Energy joint venture.

Peter Worby will take up the combined role of Trading Finance VP of Shell Energy Europe Limited and Shell International LNG Supply. Peter joins Shell Energy Europe Limited from LNG where he was Finance Manager of Global LNG.

Ranjit Prasad, Global Head of CO2 Trading in Shell Europe Trading Limited since early 2008, will also be part of the new leadership team.  His current responsibilities remain unchanged and cover carbon marketing and trading globally.

Cautionary note

The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate entities. In this press release “Shell”, “Shell group” and “Royal Dutch Shell” are sometimes used for convenience where references are made to Royal Dutch Shell plc and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to subsidiaries in general or to those who work for them. These expressions are also used where no useful purpose is served by identifying the particular company or companies. ‘‘Subsidiaries’’, “Shell subsidiaries” and “Shell companies” as used in this press release refer to companies in which Royal Dutch Shell either directly or indirectly has control, by having either a majority of the voting rights or the right to exercise a controlling influence. The companies in which Shell has significant influence but not control are referred to as “associated companies” or “associates” and companies in which Shell has joint control are referred to as “jointly controlled entities”. In this press release, associates and jointly controlled entities are also referred to as “equity-accounted investments”. The term “Shell interest” is used for convenience to indicate the direct and/or indirect (for example, through our 34% shareholding in Woodside Petroleum Ltd.) ownership interest held by Shell in a venture, partnership or company, after exclusion of all third-party interest.

This press release contains forward-looking statements concerning the financial condition, results of operations and businesses of Royal Dutch 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 Royal Dutch 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 ‘‘anticipate’’, ‘‘believe’’, ‘‘could’’, ‘‘estimate’’, ‘‘expect’’, ‘‘intend’’, ‘‘may’’, ‘‘plan’’, ‘‘objectives’’, ‘‘outlook’’, ‘‘probably’’, ‘‘project’’, ‘‘will’’, ‘‘seek’’, ‘‘target’’, ‘‘risks’’, ‘‘goals’’, ‘‘should’’ and similar terms and phrases. There are a number of factors that could affect the future operations of Royal Dutch Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this press release, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for the Group’s products; (c) currency fluctuations; (d) drilling and production results; (e) reserve estimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (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, fiscal and regulatory developments including potential litigation and regulatory effects arising from recategorisation of reserves; (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; and (m) changes in trading conditions.

All forward-looking statements contained in this press release 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 factors that may affect future results are contained in Royal Dutch Shell’s 20-F for the year ended December 31, 2008 (available at www.shell.com/investor and www.sec.gov - opens in new window). These factors also should be considered by the reader.  Each forward-looking statement speaks only as of the date of this press release – 13 October 2009. Neither Royal Dutch Shell 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 press release.