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Royal Dutch Shell plc fourth quarter 2010 euro and GBP equivalent dividend payments

The Board of Royal Dutch Shell plc ("RDS") today announced the pounds sterling and euro equivalent dividend payments in respect of the fourth quarter interim dividend of 2010, which was announced on February 3rd, 2010 at $0.42 per A ordinary share ("A Share") and B ordinary share ("B Share").

Dividends on A Shares will be paid, by default, in euro at the rate of €0.XXXX per A Share. Holders of A Shares who have validly submitted pounds sterling currency elections by February 25, 2011 will be entitled to a dividend of XX.XXp per A Share.

Dividends on B Shares will be paid, by default, in pounds sterling at the rate of XX.XXp per B Share. Holders of B Shares who have validly submitted euro currency elections by February 25, 2011 will be entitled to a dividend of €0.XXXX per B Share.

This dividend will be payable on March 25, 2011 to those members whose names were on the Register of Members on February 11, 2011.

Taxation cash dividends Dividends on A Shares will be subject to the deduction of Netherlands dividend withholding tax at the rate of 15%, which may be reduced in certain circumstances. Provided certain conditions are met, shareholders in receipt of A Share dividends may also be entitled to a non-payable dividend tax credit in the United Kingdom.

Shareholders resident in the United Kingdom, receiving dividends on B Shares through the Dividend Access Mechanism, are entitled to a tax credit. This tax credit is not repayable. Non-residents may also be entitled to a tax credit, if double tax arrangements between the United Kingdom and their country of residence so provide, or if they are eligible for relief given to non-residents with certain special connections with the United Kingdom or to nationals of states in the European Economic Area.

The amount of tax credit is 10/90ths of the cash dividend, the tax credit referable to the fourth quarter 2010 interim dividend of US$0.42 (XX.XXp or €0.XXXX) is US$0.05 (X.XXp or €0.0XXX) per ordinary share and the dividend and tax credit together amount to US$0.47 (XX.XXp or €0.XXXX).

Royal Dutch Shell plc
The Hague, March 4, 2011


Royal Dutch Shell plc fourth quarter 2010 interim dividend announcement The fourth quarter 2010 dividend announcement, scrip reference share price and pound sterling and euro equivalent.

  • Dividend announcement The Board of Royal Dutch Shell plc ("RDS") today announced an interim dividend in respect of the fourth quarter of 2010 of US$0.42 per A ordinary share ("A Share") and B ordinary share ("B Share"), equal to the US dollar dividend for the same quarter last year.

    RDS provides eligible shareholders with a choice to receive dividends in cash or in shares via a Scrip Dividend Programme ("the Programme"). For further details please see below.


    Details relating to the fourth quarter 2010 interim dividend


    It is expected that cash dividends on the B Shares will be paid via the Dividend Access Mechanism from UK-sourced income of the Shell Group.

    Per ordinary shareQ4 2010 RDS A shares (US$) 0.42 RDS B shares (US$) 0.42 Dividends declared on A Shares will be paid by default in euro, although holders of A Shares will be able to elect to receive dividends in pounds sterling.

    Dividends declared on B Shares will be paid, by default, in pounds sterling, although holders of B Shares will be able to elect to receive dividends in euro.

    The pounds sterling and euro equivalent dividend payments will be announced on March 4, 2011.

    Per ADSQ4 2010 RDS A ADSs (US$) 0.84 RDS B ADSs (US$) 0.84 Dividends declared on American Depository Shares ("ADSs") will be paid, by default, in US dollars.

    ADS stands for an American Depositary Share. ADR stands for an American Depositary Receipt. An  ADR is a certificate that evidences ADSs.  ADSs are listed on the NYSE under the symbols RDS.A and RDS.B.  Each ADS represents two ordinary shares, two A Shares in the case of  RDS.A or two B Shares in the case of RDS.B. In many cases the terms ADR and ADS are used interchangeably.


    Scrip Dividend Programme


    RDS provides shareholders with a choice to receive dividends in cash or in shares via a Scrip Dividend Programme.

    Under the Programme shareholders can increase their shareholding in RDS by choosing to receive new shares instead of cash dividends if declared by RDS. Only new A Shares will be issued under the Programme, including to shareholders who currently hold B Shares.

    Joining the Programme may offer a tax advantage in some countries compared with receiving cash dividends. In particular, dividends paid out as shares will not be subject to Dutch dividend withholding tax (currently 15 per cent) and will not generally be taxed on receipt by a UK shareholder or a Dutch corporate shareholder.

    Shareholders who elect to join the Programme will increase the number of shares held in RDS without having to buy existing shares in the market, thereby avoiding associated dealing costs.

    Shareholders who do not join the Programme will continue to receive in cash any dividends declared by RDS.

    Shareholders who held only B shares and joined the Scrip Dividend Programme at its launch in September 2010 are reminded they will need to make a Scrip Dividend Election in respect of their new A shares if they wish to join the Programme in respect of such new shares.

    For further information on the Programme, including how to join if you are eligible, please refer to the appropriate publication available on www.shell.com/scrip.


    Dividend timetable for the fourth quarter 2010 interim dividend


    4th quarter 2010 Announcement date February 3, 2011 Ex-dividend date February 9, 2011 Record date February 11, 2011 Scrip reference share price announcement date February 16, 2011 Closing of scrip election and currency election (*) February 25, 2011 Pounds sterling and euro equivalents announcement date March 4, 2011 Payment date March 25, 2011 *  A different scrip election date may apply to registered and non registered ADS holders.
    Registered ADS holders can contact The Bank of New York Mellon for the election deadline that applies. Non registered ADS holders can contact their broker, financial intermediary, bank or financial institution for the election deadline that applies.

    Both a different scrip and currency election date may apply to shareholders holding shares in a securities account with a bank or financial institution ultimately holding through Euroclear Nederland. Please contact your broker, financial intermediary, bank or financial institution where you hold your securities account for the election deadline that applies.




    Taxation cash dividends

    Cash dividends on A Shares will be subject to the deduction of Netherlands dividend withholding tax at the rate of 15%, which may be reduced in certain circumstances. Provided certain conditions are met, shareholders in receipt of A Share cash dividends may also be entitled to a non-payable dividend tax credit in the United Kingdom.

    Shareholders resident in the United Kingdom, receiving cash dividends on B Shares through the Dividend Access Mechanism, are entitled to a tax credit. This tax credit is not repayable. Non-residents may also be entitled to a tax credit, if double tax arrangements between the United Kingdom and their country of residence so provide, or if they are eligible for relief given to non-residents with certain special connections with the United Kingdom or to nationals of states in the European Economic Area.

    The amount of tax credit is 10/90ths of the cash dividend, the tax credit referable to the fourth quarter 2010 interim dividend of US$0.42 is US$0.05 per ordinary share and the dividend and tax credit together amount to US$0.47. The pounds sterling and euro equivalents will be announced on March 4, 2011.


    Royal Dutch Shell plc
    The Hague, February 3rd, 2011


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