Transaction in Own Shares

Rhea-AI Summary

On 14 February 2023, Shell plc announced the repurchase of shares totaling 1,045,000 across multiple trading venues as part of its existing buy-back program initiated on 2 February 2023. The shares were acquired at varying prices, with the highest recorded at £25.710 and the lowest at £25.435 on the London Stock Exchange, and in Euros on European exchanges. BNP Paribas Exane is managing trades independently until 28 April 2023, adhering to the company's general authority for share repurchases and complying with relevant market regulations. This initiative aims to enhance shareholder value through share cancellation.

Positive

• Share buy-back program enhances shareholder value.
• Total shares repurchased: 1,045,000.
• Executed under pre-set parameters and regulatory compliance.

Negative

• None.

14 February, 2023

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 14 February 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
14/02/2023	670,450	£25.710	£25.435	£25.571	LSE	GBP
14/02/2023	193,000	£25.710	£25.435	£25.562	Chi-X (CXE)	GBP
14/02/2023	181,550	£25.630	£25.470	£25.563	BATS (BXE)	GBP
14/02/2023	710,000	€29.170	€28.800	€28.989	XAMS	EUR
14/02/2023	264,000	€29.165	€28.815	€28.991	CBOE DXE	EUR
14/02/2023	26,000	€29.130	€28.830	€28.990	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 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 02 14

FAQ

What did Shell plc announce on 14 February 2023?

Shell plc announced the repurchase of 1,045,000 shares for cancellation as part of its ongoing share buy-back program.

What were the highest and lowest prices paid for the shares repurchased by Shell on 14 February 2023?

The highest price paid was £25.710 and the lowest was £25.435.

Who is managing the share buy-back program for Shell plc?

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

How will the share repurchases be conducted?

The repurchases will be conducted within pre-set parameters and comply with market regulations.

What is the purpose of the share buy-back program announced by Shell?

The purpose is to enhance shareholder value through the repurchase and cancellation of shares.