-------------  --------------       ------------  -----------  ---------  ------  ----------------  ------------- 
Total             424,125,000         81,973,208           --         --      --                --    506,098,208 
-------------  --------------  ---  ------------  -----------  ---------  ------  ----------------  ------------- 
 
                                                                                         Project Reports (in USD) 
                   Production                                                       Infrastructure 
                  Entitlement              Taxes    Royalties    Bonuses    Fees      Improvements          Total 
-------------  --------------       ------------  -----------  ---------  ------  ----------------  ------------- 
Projects: 
-------------  --------------       ------------  -----------  ---------  ------  ----------------  ------------- 
KARACHAGANAK      424,125,000  [2]    81,973,208           --         --      --                --    506,098,208 
-------------  --------------       ------------  -----------  ---------  ------  ----------------  ------------- 
Total             424,125,000         81,973,208           --         --      --                --    506,098,208 
-------------  --------------  ---  ------------  -----------  ---------  ------  ----------------  ------------- 
 
   [1]    For the definitions of any terms used in this chart (e.g. 
activities and payment types), please refer to pages 1-2 of the Report. 
 
   [2]    We are the joint operator of the onshore Karachaganak oil and 
condensate field (Shell interest 29.25%), where we have a license to the 
end of 2037. In December 2020, we successfully settled a long-running 
contractual dispute with the Republic about the profit share between the 
parties. Shell's share of the settlement amount is $424 million. 
 
 
 
 
Malaysia 
                                                                                     Government Reports (in USD) [1] 
                  Production                                                                       Infrastructure 
                  Entitlement          Taxes           Royalties          Bonuses       Fees       Improvements          Total 
               ---------------  ---  -------------  -------------  ---  ---------  ------------  ----------------  --------------- 
Governments: 
               ---------------       -------------  -------------       ---------  ------------  ----------------  --------------- 
KETUA 
 PENGARAH 
 HASIL DALAM 
 NEGERI                     --          56,121,040             --              --            --                --       56,121,040 
               ---------------       -------------  -------------       ---------  ------------  ----------------  --------------- 
PETROLIAM 
 NASIONAL 
 BERHAD            986,665,405  [A]             --    -28,666,823              --    15,000,000                --      972,998,582 
               ---------------       -------------  -------------       ---------  ------------  ----------------  --------------- 
PETRONAS 
 CARIGALI SDN 
 BHD (KL)          852,800,057  [B]             --             --              --            --                --      852,800,057 
               ---------------       -------------  -------------       ---------  ------------  ----------------  --------------- 
MALAYSIA 
 FEDERAL AND 
 STATE 
 GOVERNMENT                 --                  --    391,228,489  [C]         --            --                --      391,228,489 
               ---------------       -------------  -------------       ---------  ------------  ----------------  --------------- 
Total            1,839,465,462          56,121,040    362,561,665              --    15,000,000                --    2,273,148,167 
               ---------------  ---  -------------  -------------  ---  ---------  ------------  ----------------  --------------- 
 
                                                                                                          Project Reports (in USD) 
                    Production                                                                     Infrastructure 
                   Entitlement               Taxes      Royalties         Bonuses          Fees      Improvements            Total 
               ---------------       -------------  -------------       ---------  ------------  ----------------  --------------- 
Projects: 
               ---------------       -------------  -------------       ---------  ------------  ----------------  --------------- 
SABAH DW NOV                --                  --        299,947              --            --                --          299,947 
               ---------------       -------------  -------------       ---------  ------------  ----------------  --------------- 
SABAH GAS -- 
 NOT 
 OPERATED                   --          18,393,033        560,875              --            --                --       18,953,908 
               ---------------       -------------  -------------       ---------  ------------  ----------------  --------------- 
SABAH INBOARD 
 AND 
 DEEPWATER 
 OIL               813,180,450  [D]    -10,842,175    221,799,012  [E]         --            --                --    1,024,137,286 
               ---------------       -------------  -------------       ---------  ------------  ----------------  --------------- 
SARAWAK OIL 
 AND GAS         1,026,285,012  [F]     41,774,366    139,901,832  [G]         --    15,000,000                --    1,222,961,210 
               ---------------       -------------  -------------       ---------  ------------  ----------------  --------------- 
Entity level 
payment: 
                                                                                                                   --------------- 
SABAH SHELL 
 PETROLEUM 
 COMPANY 
 LIMITED                    --           2,014,001             --              --            --                --        2,014,001 
               ---------------       -------------  -------------       ---------  ------------  ----------------  --------------- 
SARAWAK SHELL 
 BERHAD                     --           1,213,697             --              --            --                --        1,213,697 
               ---------------       -------------  -------------       ---------  ------------  ----------------  --------------- 
SHELL ENERGY 
 ASIA 
 LIMITED                    --             879,901             --              --            --                --          879,901 
               ---------------       -------------  -------------       ---------  ------------  ----------------  --------------- 
SHELL OIL & 
 GAS 
 (MALAYSIA) 
 LLC                        --             519,716             --              --            --                --          519,716 
               ---------------       -------------  -------------       ---------  ------------  ----------------  --------------- 
SHELL SABAH 
 SELATAN SDN. 
 BHD.                       --           2,168,501             --              --            --                --        2,168,501 
               ---------------       -------------  -------------       ---------  ------------  ----------------  --------------- 
Total            1,839,465,462          56,121,040    362,561,665              --    15,000,000                --    2,273,148,167 
               ---------------  ---  -------------  -------------  ---  ---------  ------------  ----------------  --------------- 
 
   [1]    For the definitions of any terms used in this chart (e.g. 
activities and payment types), please refer to pages 1-2 of the Report. 
 
   [A]   Includes payment in kind of $363,377,839 for 29,999 KBOE valuated 
at fixed price and $623,287,566 for 12,864 KBOE valuated at market 
price. 
 
   [B]   Includes payment in kind of $385,143,488 for 31,749 KBOE valuated 
at fixed price and $467,656,569 for 9,876 KBOE valuated at market price. 
 
   [C]   Includes payment in kind of $128,869,361 for 10,633 KBOE valuated 
at fixed price and $262,359,128 for 5,463 KBOE valuated at market price. 
 
   [D]   Includes payment in kind of $73,524 for 17 KBOE valuated at fixed 
price and $813,106,926 for 16,423 KBOE valuated at market price. 
 
   [E]   Includes payment in kind of -$6,556 for -2 KBOE valuated at fixed 
price and $218,757,014 for 4,466 KBOE valuated at market price. 
 
   [F]   Includes payment in kind of $748,447,803 for 61,731 KBOE valuated 
at fixed price and $277,837,209 for 6,318 KBOE valuated at market price. 
 
   [G]   Includes payment in kind of $128,875,917 for 10,634 KBOE valuated 
at fixed price and $43,602,114 for 997 KBOE valuated at market price. 
 
 
 
 
Oman 
  Government 
   Reports 
   (in USD) 
   [1] 
                 Production                                                             Infrastructure 
                  Entitlement         Taxes        Royalties     Bonuses      Fees       Improvements         Total 
-------------  ---------------  ---------------  -----------  -----------  ---------  ----------------  --------------- 
Governments: 
-------------  ---------------  ---------------  -----------  -----------  ---------  ----------------  --------------- 
OMAN -- 
 MINISTRY OF 
 FINANCE         --               1,058,167,544           --    1,000,000    400,000                --    1,059,567,544 
-------------  ---------------  ---------------  -----------  -----------  ---------  ----------------  --------------- 
Total            --               1,058,167,544           --    1,000,000    400,000                --    1,059,567,544 
-------------  ---------------  ---------------  -----------  -----------  ---------  ----------------  --------------- 
 
  Project 
   Reports 
   (in USD) 
                 Production                                                             Infrastructure 
                  Entitlement             Taxes    Royalties      Bonuses       Fees      Improvements            Total 

(MORE TO FOLLOW) Dow Jones Newswires

04-07-21 0515ET