Dividends on A Shares will be paid, by default, in euro at the rate of €0.3202 per A Share. Holders of A Shares who have validly submitted pounds sterling currency elections by March 2, 2012 will be entitled to a dividend of 26.74p per A Share.

Dividends on B Shares will be paid, by default, in pounds sterling at the rate of 26.74p per B Share. Holders of B Shares who have validly submitted euro currency elections by March 2, 2012 will be entitled to a dividend of €0.3202 per B Share.

This dividend will be payable on March 22, 2012 to those members whose names were on the Register of Members on February 17, 2012.

Taxation cash dividends

Dividends on A Shares will be subject to the deduction of Netherlands dividend withholding tax at the rate of 15%, which may be reduced in certain circumstances. Provided certain conditions are met, shareholders in receipt of A Share dividends may also be entitled to a non-payable dividend tax credit in the United Kingdom.

Shareholders resident in the United Kingdom, receiving dividends on B Shares through the Dividend Access Mechanism, are entitled to a tax credit. This tax credit is not repayable. Non-residents may also be entitled to a tax credit, if double tax arrangements between the United Kingdom and their country of residence so provide, or if they are eligible for relief given to non-residents with certain special connections with the United Kingdom or to nationals of states in the European Economic Area.

The amount of tax credit is 10/90ths of the cash dividend, the tax credit referable to the fourth quarter 2011 interim dividend of US$0.42 (26.74p or €0.3202) is US$0.05 (2.97p or €0.0356) per ordinary share and the dividend and tax credit together amount to US$0.47 (29.71p or €0.3558).

Q4 2011 interim dividend announcement

Enquiries

Shell Media Relations
International, UK, European Press: +31 70 377 3600

Shell Investor Relations
Europe - Tjerk Huysinga: + 31 70 377 4540 
North America - Ken Lawrence: +1 713 241 1042