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Shell first to supply sustainable aviation fuel to customers in Singapore

Shell announced today that it has become the first supplier of sustainable aviation fuel (SAF) to customers in Singapore.

Shell has also completed the upgrading of its facility in Singapore which will enable blending of SAF in Singapore. SAF is approved for use in aircraft operating today only when blended in a ratio of up to 50% with conventional jet fuel.1 Having a blending facility in the region enables a more efficient operation by moving neat SAF in bulk from production sources to the blending facility and then delivering blended SAF parcels to where it is needed.

The announcement represents a significant milestone for the aviation industry in Asia, as the enhanced SAF supply chain capabilities increase customer’s access to SAF. For the first time in Singapore, customers can now reduce emissions by flying on SAF.

The SAF supplied is made from waste products and sustainable feedstocks and will be blended with conventional jet fuel. The first batch of SAF is blended in Europe and aims to test and verify the supply chain for SAF that Shell has established in Asia. The SAF is being supplied by Shell Aviation, as part of Shell Aviation’s SAF supply agreement with Neste, the producer of SAF.2 Shell seeks to commence blending at its Singapore facilities for subsequent batches.

Building supply chain capabilities to blend, handle and distribute SAF is critical in enabling more customers access to SAF, allowing us to help quicken the pace of decarbonising the aviation sector. In its neat form, SAF can reduce lifecycle emissions by up to 80% compared to conventional fuel.3

Jan Toschka, Global President, Shell Aviation, said: “Today’s announcement is an example of how we are building the capabilities now to accelerate the use of SAF in Asia. We want to become a sustainability leader in this important market. Alongside investing in our capabilities to produce SAF, we are also focused on developing the regional infrastructure needed to get the fuel to our customers at their key locations. Through leveraging our extensive refuelling network, I am proud that we are helping our customers to decarbonise by becoming the first supplier of SAF in Singapore.”

Lee Seow Hiang, CEO, Changi Airport Group (CAG), remarked that “Aircraft emissions and airport activities contribute to an airport’s carbon footprint. Changi Airport believes that SAF is one of the keys to unlock the future to a more sustainable air travel industry. We are committed to working actively with airlines, industry players and government agencies on the adoption of SAF with the goal of advancing Changi Airport as a sustainable aviation hub.”

Shell has announced its ambition to produce around 2 million tonnes of SAF a year by 2025 globally. To support this, Shell outlined plans for a biofuels facility, subject to final investment decision, at the Shell Energy and Chemicals Park Singapore. The facility has the ability to produce 550,000 tonnes of low-carbon fuels a year, including SAF.

Ng Chin Hwee, CEO, SIA Engineering Company (SIAEC), said: “We welcome Shell’s announcement to blend SAF in the Asia Pacific region. Together with Shell and like-minded companies in the aviation value chain, SIAEC supports the aviation industry towards its net zero carbon emissions goal. In this regard, we are one of the first maintenance, repair and overhaul (MRO) service providers to successfully conduct a trial using blended SAF to perform engine tests at our engine test facility. The success of the trial marks SIAEC’s capability and operational readiness to offer sustainability-centric services to our customers.”

Enabling SAF in Singapore and Asia is a major step forward and Shell will continue to work with players in the aviation ecosystem to decarbonise the sector. In conjunction with this announcement, Shell has launched a new set of sketches – Singapore: A 21st Century Energy Hub, that looks at sectors like aviation against the context of possible pathways, including rapid and constrained decarbonisation, that Singapore could take as the energy transition progresses.

Notes to editors

About Shell Aviation

With one of the most extensive refuelling networks in the world Shell Aviation supplies fuel, lubricants, and sustainable solutions in more than 60 countries. Customers range from the world’s largest airlines to private pilots.

Shell’s target is to become a net-zero emissions energy business by 2050, in step with society’s progress towards the goal of the UN Paris Agreement on climate change. Shell aims to reduce the carbon intensity of the energy products we sell to our customers by 100% by 2050 and by around 45% by 2035.

Shell Aviation’s carbon management strategy aims to help our customers decarbonise by avoiding emissions on the ground, reducing emissions principally through the use of sustainable aviation fuel, and offsetting emissions through the use of carbon credits, specifically nature-based solutions. Shell Aviation plays many different roles in this strategy; a fuel supplier (renewable and conventional), a technology partner, and proponent of energy solutions for airports. We actively collaborate across the industry to deliver more sustainable solutions for aviation. Examples include our work with World EnergyAmazon Air

NesteRed RockRolls-Royce, and at San Francisco Airport. Shell Aviation is proud to be a member of “The Clean Skies for Tomorrow Coalition” and the UK government's Jet Zero Council.

Further information can be found at Shell Aviation and Flightpath, our conversation series featuring expert perspectives on the issues facing aviation.

Enquiries

APAC Media Relations, Shell: apac-media@shell.com

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 where references are made to 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. Entities and unincorporated arrangements over which Shell has joint control are generally referred to as “joint ventures” and “joint operations”, respectively. Entities over which Shell has significant influence but neither control nor joint control are referred to as “associates”. 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.

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’’, ‘‘believe’’, ‘‘could’’, ‘‘estimate’’, ‘‘expect’’, ‘‘goals’’, ‘‘intend’’, ‘‘may’’, “milestones”, ‘‘objectives’’, ‘‘outlook’’, ‘‘plan’’, ‘‘probably’’, ‘‘project’’, ‘‘risks’’, “schedule”, ‘‘seek’’, ‘‘should’’, ‘‘target’’, ‘‘will’’ 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; (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 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, such as the COVID-19 (coronavirus) outbreak; and (n) 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, 2020 (available at www.shell.com/investor 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, February 17, 2022. 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.

The content of websites referred to in this announcement does 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

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Disclaimer

Cautionary Note

The companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this content “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 content 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 content 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, including (without limitation) those concerning Shell’s strategy and operating plans, macroeconomic conditions, future energy demand, supply and product mix, commodity prices, demand for Shell’s products, production results and reserve estimates, development, execution and management of projects, energy transition and climate change, management of safety and environmental risks, costs, cash capital expenditures, technology advancements, legislative, judicial, fiscal and regulatory developments, regional conflicts and trading conditions, 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 content, 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 content 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, 2025 (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 content and should be considered by the reader. Each forward-looking statement speaks only as of the date of this content. 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 content.

Shell’s net carbon intensity and net-zero emissions target

In this content 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 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 combined Scope 1 and 2 target, NCI target and our oil products ambition 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.

The information provided above regarding Shell’s NCI and net zero emissions target are not intended, nor should they be construed as introducing, suggesting or making any claim, target or representation thereof other than what is included in the content.

Forward-Looking non-GAAP measures

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

We may have used certain terms, such as resources, in this content 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

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