Transaction in Own Shares

Rhea-AI Summary

Shell plc announced the purchase of 2,457,421 shares for cancellation on January 25, 2023, as part of its ongoing share buy-back program initiated on October 27, 2022.

The purchases were conducted across various trading venues, including the LSE and Chi-X, with prices ranging from £23.0700 to £23.5950 per share. The average price paid was approximately £23.3866 per share. This initiative aims to enhance shareholder value by reducing the number of outstanding shares.

Positive

• Completion of 2,457,421 shares repurchased, signaling strong commitment to shareholder value.
• Shares purchased ranged from £23.0700 to £23.5950, indicating disciplined buying strategy.

Negative

• None.

Transaction in Own Shares

January 25, 2023

• • • • • • • • • • • • • • • •

Shell plc (the "Company") announces that on 25 January 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
25/01/2023	1,500,000	£ 23.5950	£ 23.0700	£ 23.3866	LSE	GBP
25/01/2023	500,000	£ 23.5950	£ 23.0700	£ 23.3876	Chi-X (CXE)	GBP
25/01/2023	457,421	£ 23.5950	£ 23.0750	£ 23.3702	BATS (BXE)	GBP
25/01/2023	-	-	-	-	XAMS	EUR
25/01/2023	-	-	-	-	CBOE DXE	EUR
25/01/2023	-	-	-	-	TQEX	EUR

These share purchases form part of the on- and off-market limbs of the Company's existing share buy-back programme previously announced on 27 October 2022.

In respect of this programme, Goldman Sachs International will make trading decisions in relation to the securities independently of the Company for a period from 27 October 2022 up to and including 27 January 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 Goldman Sachs International 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

• Transaction in Own Shares - complete

FAQ

What shares did Shell purchase on January 25, 2023?

On January 25, 2023, Shell purchased 2,457,421 shares for cancellation as part of its buy-back program.

What was the average price paid per share by Shell on January 25, 2023?

Shell's average price paid per share on January 25, 2023, was approximately £23.3866.

How many shares did Shell repurchase in total on January 25, 2023?

Shell repurchased a total of 2,457,421 shares on January 25, 2023.

What is the purpose of Shell's share buy-back program?

The purpose of Shell's share buy-back program is to enhance shareholder value by reducing the number of outstanding shares.

Which trading venues were involved in Shell's purchase on January 25, 2023?

The purchases were conducted on the LSE, Chi-X, and other trading venues.