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UK: The Market price of RDSA and RDSB on the London Stock Exchange on the dividend payment date as calculated in accordance with S272 (3) of the Taxation of Chargeable Gains Act 1992 is shown in the table below.

US: Under Shell’s Scrip Dividend Program, holders of A ADSs and B ADSs could elect to receive a dividend in cash or in A ADSs. In accordance with IRS rules, Shell reports the U.S. tax basis of A ADSs distributed as part of the scrip program. The table below summarizes that U.S. tax basis information. Supporting documentation (as described in Internal Revenue Code Sec. 6045B) is contained in the following summary table.

UK & US tax basis

Payment date	UK Tax basis RDSA  (GBpence)	UK Tax basis RDSB  (GBpence)	US Tax Basis (USD)	US Tax Basis  (Supporting documents)
Q3 2017 20 December 2017	2,410.50	2,432.00	64.88	Q3 2017
Q2 2017 18 September 2017	2,112.50	2,155.50	57.32	Q2 2017
Q1 2017 26 June 2017	2,065.50	2,103.00	52.62	Q1 2017
Q4 2016 27 March 2017	2,078.00	2,173.00	52.28	Q4 2016
Q3 2016 16 December 2016	2,175.00	2,289.00	54.22	Q3 2016
Q2 2016 19 September 2016	1,832.50	1,921.50	47.92	Q2 2016
Q1 2016 27 June 2016	1,907.00	1,922.50	51.24	Q1 2016
Q4 2015 29 Mar 2016	1,650.0	1,667.50	47.60	Q4 2015
Q3 2015 18 Dec 2015	1,463.50	1,469.00	44.12	Q3 2015
Q2 2015 21 Sept 2015	1,577.50	1,596.00	49.39	Q2 2015
Q1 2015 22 June 2015	1,875.00	1,902.50	59.30	Q1 2015
Q1 2014 26 June 2014	2,400.63	2,522.75	81.82	Q1 2014
Q4 2013 27 Mar 2014	2,186.75	2,317.75	72.64	Q4 2013
Q3 2013 23 Dec 2013	2,153.25	2,260.25	70.42	Q3 2013
Q2 2013 26 Sep 2013	2,058.10	2,157.6	65.90	Q2 2013
Q1 2013 27 Jun 2013	2,104.60	2,185.60	64.12	Q1 2013
Q4 2012 28 Mar 2013	2,128.80	2,184.80	64.59	Q4 2012
Q3 2012 20 Dec 2012	2139.80	2199.80	69.70	Q3 2012
Q2 2012 20 Sep2012	2,196.00	2,259.50	71.18	Q2 2012
Q1 2012 21 Jun 2012	2,130.80	2,210.8	66.52	Q1 2012
Q4 2011 22 Mar 2012	2,220.80	2,243.8	71.51	Q4 2011
Q3 2011 16 Dec 2011	2,275.30	2,342.80	71.75	Q3 2011
Q2 2011 19 Sep 2011	2,057.30	2,081.30	65.39	Q2 2011
Q1 2011 27 Jun 2011	2,125.30	2,126.30	68.99	Q1 2011
Q4 2010 25 Mar 2011	2,257.80	2,257.80	73.51	Q4 2010
Q3 2010 17 Dec 2010	2,070.80	2,069.30	65.30	Q3 2010

On 28 February 2012 the First-tier Tribunal (Tax Chamber) of the United Kingdom released its decision on the case between HSBC Holdings PLC and the Bank of New York Mellon Corporation versus Her Majesty's Revenue and Customs (“HMRC”). This ruling established that Stamp Duty Reserve Tax (“SDRT”) is not due on the issue of shares to a US depositary.

As explained in the scrip reference announcement for the first quarter 2012 interim dividend made on the 16th of May 2012 and following quarters, the Reference ADS price no longer includes an adjustment for the deduction of SDRT. Given these changes, there is no longer a need to have an Alternative Reference ADS Price. Instead the Reference ADS Price applies to all A ADSs and B ADSs.

Previously, in the third and fourth quarter 2010 interim dividends and in all four quarterly 2011 interim dividend the depository bank for A ADSs and B ADSs, the Bank of New York Mellon (“BoNY”), took SDRT out of the scrip dividend and transferred this SDRT in pound sterling to HMRC.

For each whole ADS awarded as scrip dividend, this SDRT deduction equated to 1.5% of the Reference Share Price of the two A Shares underlying each new A ADS. For these six affected quarters this equates to the deductions per whole ADS awarded as scrip dividend provided by the following table:

Interim dividend [quarter]	Record date [month/day/year]	Reference Share Price [USD per A share]	SDRT deducted per whole new A ADS awarded as scrip dividend and transferred to HMRC in pound sterling [equivalent USD per ADS]	[GBP per ADS transferred to HMRC]	[Date of transfer to HMRC] [month/day/year]
3rd quarter 2010	11/5/2010	33.439	1.0032	0.64430	12/29/2010
4th quarter 2010	2/11/2011	34.297	1.0289	0.64319	3/31/2011
1st quarter 2011	5/13/2011	34.986	1.0496	0.65240	7/4/2011
2nd quarter 2011	8/5/2011	32.317	0.9695	0.61855	9/27/2011
3rd quarter 2011	11/4/2011	34.953	1.0486	0.66619	12/28/2011
4th quarter 2011	2/17/2012	36.315	1.0895	0.68889	4/4/2012

Affected ADS holders might be able to reclaim these SDRT amounts deducted on previous issues under the Scrip Dividend Programme. HMRC has made an announcement on the 27th of April 2012 (PDF - 64KB) providing guidance about how claims to repayment should be made to HMRC.

ADS holders who wish to seek such refund of SDRT should speak to their tax advisor.

 

 

Title	The documents are intended for and should be read only by those holding shares in the following ways
Chairman’s letter to Shareholders April 2016	Holders of share certificates and CREST shareholders Shares held through the RDS Corporate Nominee Service
Chairman's letter to Shareholders May 2015	Holders of share certificates and CREST shareholders Shares held through the RDS Corporate Nominee Service Shares held through a securities account with a bank or another financial institution holding ultimately through Euroclear Nederland Registered ADS holders
Q&A leaflet May 2015	Holders of share certificates and CREST shareholders Shares held through the RDS Corporate Nominee Service Shares held through a securities account with a bank or another financial institution holding ultimately through Euroclear Nederland Registered ADS holders