"Our customers in the European commercial road transport sector are looking for simple and integrated solutions to the challenges and opportunities the energy transition brings. Shell already has a market leading fuel card business and a competitive tolling and fleet management offer," said Izabela Jamka, General Manager Marketing & Sustainability of Shell Commercial Road Transport in Europe. "We are confident that the deep tolling expertise, technological capabilities, customer intimacy, and talent that MSTS Tolls brings will enable Shell to further enhance our offer and customer experience, resulting in a leading position in services on the road.”

"The Tolling industry in Europe is constantly evolving. MSTS Tolls innovative solutions are designed to keep pace with current and future changes ,” said Tapas Samantaray, Managing Director of MSTS Tolls. “There is significant potential for growth in the European commercial road transport sector. We are excited about the opportunity provided by Shell to help MSTS Tolls realise its full potential for our customers and employees. We are looking forward to helping Shell grow its Commercial Road Transport business and support its decarbonisation journey."

MS Europe B.V. will operate as a wholly owned subsidiary of Shell. Tapas Samantaray and the management team, leading the MSTS Tolls business for TreviPay, will continue to lead MSTS Tolls and provide the same high level of service and support to customers.

The investment in the MSTS Tolls business allows Shell to further simplify fleet management experience whilst creating synergies with existing Shell product offerings in the commercial road transport sector and as such it will further enhance Shell’s position to help the commercial road transport sector decarbonise profitably.

Notes to editor:

About Shell Commercial Road Transport

Shell Commercial Road Transport (CRT) is Shell’s business with a leading refuelling network, and fleet management services for heavy-duty trucks. We are investing, piloting, capturing the early demand and working with stakeholders across the sector to provide customers decarbonisation solutions for today, tomorrow and the future. The sale and purchase agreement was signed by Shell Overseas Investment, an affiliate of the Royal Dutch Shell plc, a global group of energy and petrochemical companies that aims to meet the world’s growing need for more and cleaner energy solutions in ways that are economically, environmentally and socially responsible. Royal Dutch Shell plc is incorporated in England and Wales, has its headquarters in The Hague and is listed on the London, Amsterdam, and New York stock exchanges. Shell companies have operations in more than 70 countries and territories with businesses including oil and gas exploration and production; production and marketing of liquefied natural gas and gas to liquids; manufacturing, marketing and shipping of oil products and chemicals and renewable energy projects. For further information, visit www.shell.com.

About MSTS Tolls

Founded in 1987, MS Europe B.V. (MSTS Tolls) is a leading European tolls payment solutions provider and an authorized dealer for Eurovignettes. The company simplifies the complexity of the tolls landscape in 20 countries for its customers by using an innovative technological approach. MSTS Tolls is a subsidiary of Multi Service Technology Solutions, Inc. (TreviPay). TreviPay is based in Overland Park, Kansas with offices in the Netherlands, Australia, and Mexico.

Cautionary note

The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate legal entities. In this press release "Shell", "Shell Group" and "Group" 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 Royal Dutch 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 press release refer to entities over which Royal Dutch 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 press release 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 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 "aim", "ambition", ''anticipate'', ''believe'', ''could'', ''estimate'', ''expect'', ''goals'', ''intend'', ''may'', ''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 Royal Dutch Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this [report], 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, 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 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 risk factors that may affect future results are contained in Royal Dutch Shell'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 [report] and should be considered by the reader. Each forward-looking statement speaks only as of the date of this press release, December 13, 2021. Neither Royal Dutch 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 press release.

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