Shell Oil Company, a subsidiary of Royal Dutch Shell plc, Penske Corporation (Penske) and Team Penske, building on more than a decade of working together, today announced a new strategic collaboration. Combining the expertise and relationships of the two companies, the collaboration will aim to offer customers a seamless and integrated solution to help address emissions across multiple touchpoints in their supply chains, from warehouse facilities, vehicle and fleet technologies to sustainable transportation routes, with the initial focus on the USA. With a shared passion for motorsports, Shell and Team Penske, also aim to help to reduce the carbon footprint of the NTT IndyCar SERIES.

“Shell and Penske have a long history of working together across truck leasing, logistics, automotive retail and motorsports. I am proud of the work we have done together and excited to deepen our relationship,” said Huibert Vigeveno, Downstream Director of Shell. “Customers have many choices to make when navigating the challenges and opportunities of decarbonization. Our strategic collaboration will allow us to offer customers more options and integrated solutions for a smoother transition.”

“Over 10 years ago, Shell and Penske Corporation and Team Penske began a business to business, technical and motorsports collaboration. During that time, commercial enterprise has grown significantly between our organizations,” said Roger Penske, Chairman and CEO of Penske Corporation. “Now, by combining Shell’s energy solutions with Penske Logistics and technology expertise, the companies aim to help customers achieve their sustainability goals faster and at a lower cost.”

The strategic collaboration is built on a strong foundation where Shell and Penske have already achieved important results through working together in their own operations. Shell has helped to deliver energy savings at pilot Penske Automotive Group dealer sites and is providing fast chargers to help pilot fully electric heavy-duty trucks. Penske Logistics is delivering substantial optimization benefits in Shell’s lubricants supply chain through fourth-party logistics services.

Since acquiring Indianapolis Motor Speedway in January of 2020, Penske have made several upgrades to the facility that not only enhance the fan experience, but also help reduce the overall carbon footprint of the series. Pennzoil-Quaker State Company, a subsidiary of Shell Oil Company, and Penske aim to work together to help achieve the ambition, starting with reducing the carbon footprint of the race facility and working with the Council for Responsible Sport to certify events.

Enquiries:

Shell Media Relations : +1 832 337 4355

Jeremy Troiano, Team Penske PR: +1 (704) 726-6849

About Shell Oil Company

Shell Oil Company is a subsidiary of Royal Dutch Shell plc, with Royal Dutch Shell plc owning, directly and indirectly, investments in a global group of energy and petrochemical companies with operations in more than 70 countries. In the U.S., Shell Oil Company operates in 50 states and employs more than 16,000 people working to help tackle the challenges of the new energy future.

About Shell Motorsports

The Shell downstream organization manages a portfolio of top-quality brands, including the No. 1 selling premium gasoline, Shell V-Power NiTRO+ Premium Gasoline, Shell Nitrogen Enriched Gasolines, and Pennzoil®, the most trusted motor oil brand in America*.

Shell’s motorsports technical alliances around the world provide a testing ground for fuel and lubricant technologies and products in demanding road conditions. The knowledge Shell and Pennzoil gain through these alliances help address tomorrow’s world mobility energy challenge with efficient solutions that power and protect motorists around the globe. http://www.shell.com, http://www.shell.us, http://www.pennzoil.com.

*Kantar, US Motorists Lubricants Tracker, 2013-2020

About Penske Corporation

Penske Corporation is a closely-held, diversified, on-highway, transportation services company whose subsidiaries operate in a variety of industry segments, including retail automotive, truck leasing, transportation logistics and professional motorsports. Penske Corporation manages businesses with consolidated revenues of more than $32 billion, operating in over 3,200 locations and employing more than 56,000 people worldwide.

About Team Penske

Team Penske is one of the most successful teams in the history of professional sports. Cars owned and prepared by Team Penske have produced more than 550 major race wins, over 650 pole positions and 40 Championships across open-wheel, stock car and sports car racing competition. Over the course of its 55-year history, the team has also earned 18 Indianapolis 500 victories, two Daytona 500 Championships, a Formula 1 win, overall victories in the 24 Hours of Daytona and the 12 Hours of Sebring along with a win in Australia’s legendary Bathurst 1000 race. In 2021, Team Penske will compete in the NTT INDYCAR SERIES, the NASCAR Cup Series and the NASCAR Xfinity Series. For more information about Team Penske, please visit www.teampenske.com.

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 press release, 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 press release and should be considered by the reader. Each forward-looking statement speaks only as of the date of this press release, May 28, 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.