Shell to sell interest in offshore Brazil BC-10

Shell to sell interest in offshore Brazil BC-10 The Hague, 29 January 2014 - Shell announced today an agreement to sell a 23%interest in the Parque das Conchas (BC-10) project offshore Brazil to QatarPetroleum International for approximately US $1 billion, subject to closing. The transaction is subject to approval by the National Petroleum and Gas Agency(ANP, Brazil's Oil and Gas regulator) and the Administrative Council forEconomic Defense (CADE, Brazil's anti-trust authority). Shell will continue to operate BC-10 with a 50% working interest and retains asignificant upstream presence in Brazil. In addition to the recent entry intothe Libra oil discovery, Shell is currently operating two floating, production,storage and offloading (FPSO) vessels in Brazil's offshore - the Espírito Santoat Parque das Conchas and the Fluminense at the Bijupirá/Salema fields. Currently, BC-10 is producing approximately 50,000 boe/d. Since comingon-stream in 2009, BC-10 has produced more than 80 million barrels of oilequivalent (boe). Phase 2 of the project, to tie-in the Argonauta O-Northfield, came online on October 1st 2013, with an expected peak production of35,000 boe per day. The final investment decision for Phase 3 of the BC-10project was taken in July 2013 and once online is expected to reach a peakproduction of 28,000 boe. Shell has also other interests in Brazil, particularly our Lubricants businessand our joint venture Raízen, the leading sugar cane ethanol producer. Enquiries Media * Shell US Media Relations +1 713 241 4544 * Shell International Media Relations +44 20 7934 5550 * Shell Brazil Media Relations +55 21 3984 7413 Investor Relations * North America +1 713 241 1042 * International + 31 70 377 4540 Cautionary note The companies in which Royal Dutch Shell plc directly and indirectly ownsinvestments are separate entities. In this announcement "Shell", "Shell group"and "Royal Dutch Shell" are sometimes used for convenience where references aremade to Royal Dutch Shell plc and its subsidiaries in general. Likewise, thewords "we", "us" and "our" are also used to refer to subsidiaries in general orto those who work for them. These expressions are also used where no usefulpurpose is served by identifying the particular company or companies. "Subsidiaries", "Shell subsidiaries" and "Shell companies" as used in thisannouncement refer to companies over which Royal Dutch Shell plc eitherdirectly or indirectly has control. Companies over which Shell has jointcontrol are generally referred to "joint ventures" and companies over whichShell has significant influence but neither control nor joint control arereferred to as "associates". In this announcement, joint ventures andassociates may also be referred to as "equity-accounted investments". The term "Shell interest" is used for convenience to indicate the direct and/orindirect (for example, through our 23% shareholding in Woodside Petroleum Ltd.)ownership interest held by Shell in a venture, partnership or company, afterexclusion of all third-party interest. This announcement contains forward-looking statements concerning the financialcondition, results of operations and businesses of Royal Dutch Shell. Allstatements other than statements of historical fact are, or may be deemed tobe, forward-looking statements. Forward-looking statements are statements offuture expectations that are based on management's current expectations andassumptions and involve known and unknown risks and uncertainties that couldcause actual results, performance or events to differ materially from thoseexpressed or implied in these statements. Forward-looking statements include, among other things, statements concerningthe potential exposure of Royal Dutch Shell to market risks and statementsexpressing management's expectations, beliefs, estimates, forecasts,projections and assumptions. These forward-looking statements are identified by their use of terms andphrases such as ``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 RoyalDutch Shell and could cause those results to differ materially from thoseexpressed 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 forShell's products; (c) currency fluctuations; (d) drilling and productionresults; (e) reserves estimates; (f) loss of market share and industrycompetition; (g) environmental and physical risks; (h) risks associated with theidentification of suitable potential acquisition properties and targets, andsuccessful negotiation and completion of such transactions; (i) the risk ofdoing business in developing countries and countries subject to internationalsanctions; (j) legislative, fiscal and regulatory developments includingregulatory 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 ofthe terms of contracts with governmental entities, delays or advancements inthe approval of projects and delays in the reimbursement for shared costs; and (m) changes in trading conditions. All forward-looking statements contained inthis announcement are expressly qualified in their entirety by the cautionarystatements contained or referred to in this section. Readers should not placeundue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in RoyalDutch Shell's 20-F for the year ended December 31, 2012 (available atwww.shell.com/investorand www.sec.gov ). These risk factors also expresslyqualify all forward looking statements contained in this announcement andshould be considered by the reader. Each forward-looking statement speaks only as of the date of this announcement,January 29, 2014. Neither Royal Dutch Shell plc nor any of its subsidiariesundertake any obligation to publicly update or revise any forward-lookingstatement 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 thisannouncement. We may have used certain terms, such as resources, in this announcement thatUnited States Securities and Exchange Commission (SEC) strictly prohibits usfrom including in our filings with the SEC. U.S. Investors are urged toconsider closely the disclosure in our Form 20-F, File No 1-32575, available onthe SEC website www.sec.gov. You can also obtain these forms from the SEC bycalling 1-800-SEC-0330.