Transaction in Own Shares

Rhea-AI Summary

Shell plc announced on January 18, 2023, the purchase of 1,500,000 shares for cancellation as part of its ongoing share buy-back program initiated on October 27, 2022. The shares were bought at a highest price of £24.2750 and a lowest price of £23.9900, with a volume-weighted average price of £24.1409. An additional 499,066 shares were purchased on the same date through the Chi-X venue. Goldman Sachs International is executing trades independently for this buy-back, which adheres to UK and EU regulations. The program aims to reduce the total number of shares available, potentially increasing shareholder value.

Positive

• 1,500,000 shares purchased for cancellation, enhancing shareholder value.
• Buys executed at an average price of £24.1409, indicating effective market timing.
• Continuation of the established buy-back program, signaling company confidence.

Negative

• None.

Transaction in Own Shares

January 18, 2023

• • • • • • • • • • • • • • • •

Shell plc (the "Company") announces that on 18 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
18/01/2023	1,500,000	£ 24.2750	£ 23.9900	£ 24.1409	LSE	GBP
18/01/2023	499,066	£ 24.2700	£ 24.0050	£ 24.1445	Chi-X (CXE)	GBP
18/01/2023	-	-	-	-	BATS (BXE)	GBP
18/01/2023	-	-	-	-	XAMS	EUR
18/01/2023	-	-	-	-	CBOE DXE	EUR
18/01/2023	-	-	-	-	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 recent share buy-back activity did Shell (SHEL) announce?

Shell announced the purchase of 1,500,000 shares for cancellation on January 18, 2023.

What prices were paid for the shares Shell (SHEL) bought back?

The highest price paid was £24.2750, and the lowest was £23.9900.

Who is responsible for executing Shell's (SHEL) share buy-back program?

Goldman Sachs International will independently execute trading decisions for the buy-back program.