Capital Gains Tax

Recommended cash and share offer for BG Group plc by Royal Dutch Shell plc

This is historic information relating to the recommended cash and share offer for BG Group plc by Royal Dutch Shell plc via a scheme of arrangement. This scheme of arrangement became effective on February 15, 2016.

The Company and its Registrars are unable to offer advice or calculate capital gains tax liabilities.

For the purposes of UK capital gains tax, the market values on February 15, 2016 were:

Share	Value per share
A share	£ 15.420
B share	£ 15.405

BG Group plc - Historical Data

British Gas plc to BG Group plc (October 2000)

Changes to the CGT status of shares

The information below covers the capital gains tax (CGT) events that have affected BG Group shareholders from the privatisation of British Gas in 1986 to the completion of the demerger of Lattice Group in 2000. The information is primarily provided for the purpose of individual shareholders resident in the UK calculating their personal tax liability.

Schedule of events

British Gas plc to BG Group plc (October 2000) - schedule of events

Date	RPI Index	Event	Base cost/split
December 1986	99.62	Privatisation of British Gas. Shares were issued to investors in multiples of 100.	£1.35 per share
December 1989	118.8	Bonus shares issued to qualifying shareholders on the basis of one bonus share for every ten shares held (subject to a maximum of 500 bonus shares).	£2.345 per bonus share
February 1997	155.0	British Gas demerged to form BG plc and Centrica plc. Shareholders received one BG share and one Centrica share for every British Gas share.	72.947% to BG 27.053% to Centrica
November 1997	159.6	BG plc capital restructure - "the B share scheme". BG shareholders received 17 B shares and 15 new BG plc ordinary shares for every 17 BG shares held.	88.713% to new BG ordinary shares 11.287% to the B shares
April 1998	162.6	The ending of indexation for CGT purposes.	-
December 1998	-	Outstanding B shares converted back into BG ordinary shares on the basis of one BG ordinary share for every 12.995 B shares.	-
December 1999	-	BG Group plc created by the restructuring and refinancing of BG plc.Shareholders received 8 BG Group shares for every 9 BG shares held and one Bond package for every 7,840 BG shares held (or cash in respect of fractional entitlements to Bond packages).	89.205%* to BG Group shares 10.795% to Bonds (or fractional entitlements)
October 2000	-	Lattice Group plc demerged from BG Group. Shareholders received one BG share and one Lattice share for every BG Group share.	65.6212% to BG Group shares 34.3788% to Lattice Group plc shares

* This is the split for the large majority of shareholders who received cash only (i.e. not bonds). For those who received bond packages, the split is 88.929% to the shares and 11.071% to the bond package (split 3.698% index-linked, 3.714% floating rate and 3.659% fixed rate). The bonds are 'qualifying corporate bonds' for tax purposes.

Impact on shareholders

1. Privatisation shareholders. The base cost for CGT purposes can be calculated by taking the base cost of the shares (and if appropriate the bonus shares) and applying the changes to the retail price index (RPI) and the changes from the successive restructurings. The result will vary depending on whether bonus shares were received and whether or not the B shares were sold or held until they were converted back to ordinary shares. The table below shows the CGT base cost at October 2000 for those shareholders who have held their shares continuously since the privatisation of British Gas in 1986 (and not made any other acquisitions or disposals of British Gas/BG/BG Group shares).
2. Other shareholders. The base cost for CGT purposes depends on the timing of the share purchase and the price paid for the shares, and so will vary from shareholder to shareholder. The impact of each restructuring can be calculated using the factors shown in the table below.

 

Base cost of BG Group shares held since the privatisation of British Gas

The following table shows the position immediately after the demerger of Lattice Group in October 2000, for those individual shareholders who have held shares continuously since privatisation, and who have made no other acquisitions or disposals of British Gas/BG/BG Group shares.

Following the restructuring in December 1999, shareholders may elect to claim small shareholder relief on the fractional cash payment they received in respect of their fractional entitlement to a bond package. In such cases, the base cost attributable to the bond cash fraction will be deducted from the relevant base cost for the shares shown in the table.

Share information

Share information

	Bonus shares received and B shares held		Bonus shares received and B shares sold		No bonus shares and B shares held		No bonus shares and B shares sold
Original issue of British Gas shares	BG Group shares	Base cost £	BG Group shares	Base cost £	BG Group shares	Base cost £	BG Group shares	Base cost £
100	93	107	86	94	84	93	78	82
200	186	214	172	190	169	186	156	165
300	280	321	258	285	255	281	234	247
400	374	430	344	380	339	373	312	330
500	468	538	431	478	425	469	392	417
600	561	645	517	573	511	564	470	499
800	749	862	689	763	680	749	626	665
1000	936	1076	862	955	851	939	784	834
1200	1124	1293	1034	1146	1022	1127	940	999
1400	1312	1509	1207	1339	1192	1315	1097	1167

Royal Dutch Petroleum Company

This is historic information relating to Royal Dutch Petroleum Company (N.V. Koninklijke Nederlandsche Petroleum Maatschappij) which ceased to exist on 21 December 2005.

The Company and its Registrars are unable to offer advice or calculate capital gains tax liabilities.

For the purposes of UK capital gains tax, the market values were:

Date	Value
31 March 1982	£  1.1349
20 July 2005	£17.6625

Share prices have been restated where necessary to reflect all capitalisation issues since the relevant date.  This includes the change in the capital structure following the unification of Royal Dutch and Shell Transport where 1 Royal Dutch share was exchanged for 2 Royal Dutch Shell plc class A shares.

The “Shell” Transport and Trading Company

This is historic information relating to The “Shell” Transport and Trading Company, p.l.c. which delisted on 19 July 2005.

The Company and its Registrars are unable to offer advice or calculate capital gains tax liabilities.

For the purposes of UK capital gains tax, the market values were:

Date	Value
31 March 1982	£1.4502

Share prices have been restated where necessary to reflect all capitalisation issues since the relevant date. This includes the change in the capital structure following the unification of Royal Dutch and Shell Transport where 1 Shell Transport share was exchanged for 0.287333066 Royal Dutch Shell plc class B shares.