SPDC Completes Sale of OML 29 & NCTL in Nigeria

SPDC COMPLETES SALE OF OIL MINING LEASE 29 AND NEMBE CREEK TRUNK LINE INNIGERIA The Hague, 25 March 2015. The Shell Petroleum Development Company of NigeriaLimited (SPDC), a subsidiary of Royal Dutch Shell plc (Shell), has completedthe assignment of its interest in oil mining lease (OML) 29 and the Nembe CreekTrunk Line (OML29 and NCTL) and related facilities in the Eastern Niger Delta.Its interests in OML29 and the Nembe Creek Trunk Line were assigned to AiteoEastern E&P Company Limited. Total cash proceeds for Shell amount to some $1.7billion. This divestment is part of the strategic review of SPDC's onshore portfolio andis in line with the Federal Government of Nigeria's aim of developing Nigeriancompanies in the country's upstream oil and gas business. Shell has been in Nigeria for more than 50 years and remains committed tokeeping a long-term presence there - both onshore and offshore. Through SPDCand its other Nigerian companies, Shell responsibly produces the oil and gasneeded to help fuel the economic and industrial growth that generates wealthfor the nation and jobs for Nigerians. OML29 covers an area of 983 square kilometres and includes the Nembe, SantaBarbara and Okoroba fields and related facilities. The Nembe Creek Trunk Lineis 100 kilometres long and has a capacity of 600 thousand barrels per day. Itwas commissioned in 2010 and evacuates crude to the Bonny Crude Oil Terminal(BCOT). BCOT is not part of the transaction and will remain owned & operated bythe SPDC JV. The divested infrastructure includes flow stations together withassociated gas infrastructure plus oil and gas pipelines within the OML. Thedivested fields produced on average around 43,000 barrels of oil equivalent perday (100%) during 2014. Total E&P Nigeria Limited and Nigerian Agip Oil Company Limited have alsoassigned their interests of 10% and 5% respectively in the lease, ultimatelygiving Aiteo Eastern E&P Company Limited a 45% interest in OML29 and the NembeCreek Trunk Line. All approvals have been received from the relevant authorities of the FederalGovernment of Nigeria. Notes to editors: SPDC is the operator of a joint venture between the Nigerian National PetroleumCorporation (55%), SPDC (30%), Total E&P Nigeria Limited (10%) and NigerianAgip Oil Company Limited (5%). Enquiries: Shell International Media Relations: +44 (0) 20 7934 5550 Shell Americas Media Relations: +1 713 241 4544 Shell International Investor Relations: + 31 (0) 70 377 4540 Shell North America Investor Relations: +1 832 337 2034 Cautionary note The companies in which Royal Dutch Shell plc directly and indirectly ownsinvestments are separate entities. 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All forward lookingstatements contained in this announcement are expressly qualified in theirentirety by the cautionary statements contained or referred to in this section.Readers should not place undue reliance on forward looking statements.Additional factors that may affect future results are contained in Shell's 20-Ffor the year ended 31 December 2014 (available at www.shell.com/investor andwww.sec.gov). These factors also should be considered by the reader. Eachforward looking statement speaks only as of the date of this announcement, 25March 2015. Neither Shell nor any of its subsidiaries nor the Shell Groupundertake 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.