TIDMRDSA TIDMRDSB The Hague, April 29, 2021 - The Board of Royal Dutch Shell plc ("RDS" or the "Company") today announced an interim dividend in respect of the first quarter of 2021 of US$ 0.1735 per A ordinary share ("A Share") and B ordinary share ("B Share"). Details relating to the first quarter 2021 interim dividend It is expected that cash dividends on the B Shares will be paid via the Dividend Access Mechanism and will have a UK source for UK and Dutch tax purposes. Per ordinary share Q1 2021 RDS A Shares (US$) 0.1735 ------------------- ------- RDS B Shares (US$) 0.1735 ------------------- ------- Cash dividends on A Shares will be paid, by default, in euros, although holders of A Shares will be able to elect to receive dividends in US dollars or pounds sterling. Cash dividends on B Shares will be paid, by default, in pounds sterling, although holders of B Shares will be able to elect to receive dividends in US dollars or euros. The pound sterling and euro equivalent dividend payments will be announced on June 7, 2021. Per ADS Q1 2021 RDS A ADSs (US$) 0.347 ----------------- ------- RDS B ADSs (US$) 0.347 ----------------- ------- Cash dividends on American Depository Shares ("ADSs") will be paid, by default, in US dollars. RDS A and B ADSs are listed on the New York Stock Exchange under the symbols RDS.A and RDS.B, respectively. Each ADS represents two ordinary shares, two A Shares in the case of RDS.A or two B Shares in the case of RDS.B. ADSs are evidenced by an American Depositary Receipt (ADR) certificate. In many cases the terms ADR and ADS are used interchangeably. Shell has introduced option to receive dividend in US dollars and moved to full electronic settlement of its dividends On December 18, 2019, Shell announced the introduction of US dollar as additional currency election and highlighted that its dividend will be settled with its shareholders fully electronically either in CREST or via interbank transfers. The announcement provided an overview of the actions needed by shareholders to ensure they continue to receive their dividends. Please refer to the announcement of December 18, 2019 for further information: https://www.globenewswire.com/Tracker?data=a_-AsJSCoh5ivB6DKf22_Wlum2dF5m_VTpSN_zKOnjziu5dGiZnA-zW97IbeuS6wQekA3BpOPP3kXKzIQ5J6XlScOxuSw6mfvzBgvvvo1YfOV1FTL222bwgsWXV1u8yUVCdccaKqkVxZD6JtePqjmQ8iBr1HhgMBBAw5H4d--Vy6d9r55LY6Vyqdgyd20nq-_rARCuEhe-nHGkDJExpEiNVraM955eYJyeRQV9HZmpkREMXxB4WMyQs8BNz4afyG5r4cLMLysoGoCs3zWreA8jejZTff8sfagOWhfsLPdvaqlZNrK2XFUkxw8TXCzK4YRvztEbYVGzhbK2dZ7rOZLgYnlhsvYUsDOhCQ3uoRkdA= https://www.shell.com/media/news-and-media-releases/2019/shell-introduces-option-to-receive-dividend-in-us-dollars.html Dividend timetable for the first quarter 2021 interim dividend Announcement date April 29 , 2021 Ex- Dividend Date for ADS.A and ADS.B May 13, 2021 Ex- Dividend Date for RDS A and RDS B May 13, 2021 Record date May 14, 2021 Closing of currency election date (see May 28, 2021 Note below) Pound sterling and euro equivalents announcement June 7, 2021 date Payment date June 21, 2021 Note A different currency election date may apply to shareholders holding shares in a securities account with a bank or financial institution ultimately holding through Euroclear Nederland. This may also apply to other shareholders who do not hold their shares either directly on the Register of Members or in the corporate sponsored nominee arrangement. Shareholders can contact their broker, financial intermediary, bank or financial institution for the election deadline that applies. Taxation - cash dividends Cash dividends on A Shares will be subject to the deduction of Dutch dividend withholding tax at the rate of 15%, which may be reduced in certain circumstances. Non-Dutch resident shareholders, depending on their particular circumstances, may be entitled to a full or partial refund of Dutch dividend withholding tax. If you are uncertain as to the tax treatment of any dividends you should consult your tax advisor. Dividend Reinvestment Programmes ("DRIP") The following organisations operate Dividend Reinvestment Plans ("DRIPs") which enable RDS shareholders to elect to have their dividend payments used to purchase RDS shares of the same class as those already held by them: -- Equiniti Financial Services Limited ("EFSL"), for those holding shares (a) directly on the register as certificate holder or as CREST Member and (b) via the Nominee Service; -- ABN-AMRO NV ("ABN") for Financial Intermediaries holding 'A' shares or 'B' shares via Euroclear Nederland; -- "JPMorgan Chase Bank, N.A." for holders of 'A' and 'B' American Depository Shares; and -- Other DRIPs may also be available from the intermediary through which investors hold their shares. Such organisations provide their DRIPs fully on their account and not on behalf of Royal Dutch Shell plc. Interested parties should contact DRIP Offerors directly. More information can be found at https://www.globenewswire.com/Tracker?data=a_-AsJSCoh5ivB6DKf22_Wlum2dF5m_VTpSN_zKOnjyc8a2hYjKfm0f4XXe4K_cjJvQRTGm5I3VXb3pqIFFoB3DIhjNk6ZZrCywfb3mTCeI= https://www.shell.com/drip To be eligible for the next dividend, shareholders must make a valid dividend reinvestment election before the published date for the close of elections. Royal Dutch Shell plc ENQUIRIES: Media: International +44 (0) 207 934 5550 Americas +1 832 337 4355 CAUTIONARY NOTE The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate legal entities. In this announcement "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 announcement 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 announcement 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", "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 announcement, 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 announcement 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.
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04-29-21 0217ET