Transaction in Own Shares

Rhea-AI Summary

On April 13, 2023, Shell plc announced the purchase of a total of 920,000 shares for cancellation as part of its existing share buy-back program initiated on February 2, 2023. The details of the purchases include:

• Date: 13/04/2023
• Shares Purchased: 670,000 at an average price of £24.422
• Shares Purchased: 50,000 at an average price of £24.420
• Shares Purchased: 200,000 at an average price of £24.423

These transactions were executed through BNP Paribas Exane, which is managing the trading decisions independently until April 28, 2023. The buy-back complies with the regulations under the Market Abuse Regulation (MAR) and the UK MAR.

Positive

• The buy-back of 920,000 shares signifies a commitment to returning value to shareholders.
• The execution of share repurchases at an average price around £24.42 suggests market confidence.

Negative

• None.

13 April, 2023

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 13 April 2023 it purchased the following number of Shares for cancellation.

Aggregated information on Shares purchased according to trading venue:

Date of purchase	Number of Shares purchased	Highest price paid	Lowest price paid	Volume weighted average price paid per share	Venue	Currency
13/04/2023	670,000	£24.540	£24.275	£24.422	LSE	GBP
13/04/2023	50,000	£24.535	£24.265	£24.420	Chi-X (CXE)	GBP
13/04/2023	200,000	£24.540	£24.245	£24.423	BATS (BXE)	GBP

These share purchases form part of the on- and off-market limbs of the Company's existing share buy-back programme previously announced on 2 February 2023.

In respect of this programme, BNP Paribas Exane will make trading decisions in relation to the securities independently of the Company for a period from 2 February 2023 up to and including 28 April 2023.

The on-market limb will be effected within certain pre-set parameters and in accordance with the Company’s general authority to repurchase shares on-market. The off-market limb will be effected in accordance with the Company’s general authority to repurchase shares off-market pursuant to the off-market buyback contract approved by its shareholders and the pre-set parameters set out therein. The programme will be conducted in accordance with Chapter 12 of the Listing Rules and Article 5 of the Market Abuse Regulation 596/2014/EU dealing with buy-back programmes (“EU MAR”) and EU MAR as “onshored” into UK law from the end of the Brexit transition period (at 11:00 pm on 31 December 2020) through the European Union (Withdrawal) Act 2018 (as amended by the European Union (Withdrawal Agreement) Act 2020), and as amended, supplemented, restated, novated, substituted or replaced by the Financial Services Act, 2021 and relevant statutory instruments (including, The Market Abuse (Amendment) (EU Exit) Regulations (SI 2019/310)), from time to time (“UK MAR”) and the Commission Delegated Regulation (EU) 2016/1052 (the “EU MAR Delegated Regulation”) and the EU MAR Delegated Regulation as “onshored” into UK law from the end of the Brexit transition period (at 11:00 pm on 31 December 2020) through the European Union (Withdrawal) Act 2018 (as amended by the European Union (Withdrawal Agreement) Act 2020), and as amended, supplemented, restated, novated, substituted or replaced by the Financial Services Act, 2021 and relevant statutory instruments (including, The Market Abuse (Amendment) (EU Exit) Regulations (SI 2019/310)), from time to time.

In accordance with EU MAR and UK MAR, a breakdown of the individual trades made by BNP Paribas Exane on behalf of the Company as a part of the buy-back programme is detailed below.

Enquiries

Media International: +44 (0) 207 934 5550

Media Americas: +1 832 337 4335

LEI number of Shell plc: 21380068P1DRHMJ8KU70

Classification: Acquisition or disposal of the issuer’s own shares

Attachment

• RNS Report SHELL 2023 04 13

FAQ

How many shares did Shell plc purchase on April 13, 2023?

Shell plc purchased a total of 920,000 shares for cancellation on April 13, 2023.

What was the average price Shell paid for shares on April 13, 2023?

The average price paid per share on April 13, 2023, was approximately £24.422.

Who is managing Shell's share buy-back program?

BNP Paribas Exane is managing the trading decisions for Shell's share buy-back program.

What is the duration of the current share buy-back program for Shell?

The current share buy-back program runs from February 2, 2023, until April 28, 2023.

Under which regulations is Shell's buy-back program conducted?

Shell's buy-back program is conducted in accordance with the Market Abuse Regulation (MAR) and the UK MAR.