Transaction in Own Shares

Rhea-AI Summary

On March 7, 2023, Shell plc announced the purchase of 1,935,000 shares for cancellation under its existing buy-back program initiated on February 2, 2023. Purchases were made at prices ranging from £25.830 to £26.090 in GBP and €29.055 to €29.405 in EUR. The buy-back will be managed by BNP Paribas Exane, who will operate independently until April 28, 2023. This program complies with the regulatory frameworks of EU and UK MAR. The breakdown of trades provides detailed insight into this share repurchase activity, reflecting the company's ongoing commitment to enhancing shareholder value.

Positive

• 1,935,000 shares purchased for cancellation indicating strong capital return to shareholders.
• Engagement of BNP Paribas Exane to manage trading decisions, ensuring professional execution of the buy-back program.

Negative

• None.

07 March, 2023

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 7 March 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
07/03/2023	675,000	£26.090	£25.830	£25.977	LSE	GBP
07/03/2023	50,000	£26.060	£25.860	£25.986	Chi-X (CXE)	GBP
07/03/2023	100,000	£26.065	£25.845	£25.984	BATS (BXE)	GBP
07/03/2023	940,000	€29.405	€29.055	€29.222	XAMS	EUR
07/03/2023	100,000	€29.400	€29.060	€29.246	CBOE DXE	EUR
07/03/2023	10,000	€29.390	€29.120	€29.251	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 03 07

FAQ

What shares did Shell plc purchase on March 7, 2023?

Shell plc purchased 1,935,000 shares for cancellation.

What was the price range for the shares purchased by Shell plc?

The shares were bought at prices from £25.830 to £26.090 in GBP and €29.055 to €29.405 in EUR.

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

BNP Paribas Exane is managing Shell's share buy-back program independently.

When was Shell's buy-back program announced?

Shell's buy-back program was announced on February 2, 2023.

What regulation frameworks does Shell's buy-back comply with?

The buy-back complies with EU MAR and UK MAR regulations.