Alexia 40 XC uses a proprietary and unique formulation, developed by Shell Marine’s in-house Research & Development team, a testament to the organization’s technological strength and lubricant expertise as it responds to changes in the shipping sector.

The NOL was received following the conclusion of the Main NOL Service Test and Confirmation Test for Alexia 40XC. The successful approval of this formulation is the result of close collaboration with MAN ES to develop an approved CAT II lubricant for engines operating with <0.5% Sulphur fuels (ranging from Very Low Sulphur Fuel Oil to Liquefied Natural Gas), and rigorous testing with the latest engine designs (Mark 9 and higher).

Dr Luis Garcia, Technology Manager for Marine and Engine Lubricants, Shell Marine, said: “With the industry focused on reducing emissions, engine technology is continuously evolving to deliver higher efficiencies when operating with very low to zero sulphur fuels. Latest engine designs operate with challenging conditions in terms of pressure and temperature, demanding for higher performing lubrication, particularly in terms of engine cleanliness, making the development of a CAT II 40BN cylinder oil essential.”

“This has been a key project for Shell Marine, as we are committed to supporting the industry’s smooth adoption of more efficient engines and cleaner fuels, and having a comprehensive portfolio of cylinder lubricants to meet the needs of both older and newer engines. Upon receiving the service letter1 issued by MAN ES, we embarked on developing an in-house solution which would provide a similar level of cleanliness and performance as 100 BN products. We are delighted to have received the NOL from MAN ES for Alexia 40XC.”

The new product is expected to be progressively made available at major ports worldwide from Q3 2022.

ABOUT SHELL MARINE

Shell Marine provides integrated solutions for the marine sector covering a range of quality fuels and lubricants, Shell Shipcare vessel maintenance products, and Technical and Digital Services to help our customers optimize operations and achieve maximum value from using our products across all types of machinery and equipment on a ship. It serves over 10,000 vessels, ranging from large ocean-going tankers to small fishing boats in over 700 ports across 62 countries. www.shell.com/marine

Cautionary note

The companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this media release “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 media 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 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 media 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, 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 media 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 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 media release and should be considered by the reader. Each forward-looking statement speaks only as of the date of this media release, 22 April 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 media release.

The content of websites referred to in this media release does not form part of this media release.

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

Service letter SL2020-694, May 2020

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