ROYAL DUTCH SHELL PLC FOURTH QUARTER 2019 EURO AND GBP EQUIVALENT DIVIDEND PAYMENTS

The Hague, March 9, 2020 - The Board of Royal Dutch Shell plc (“RDS”) today announced the pounds sterling and euro equivalent dividend payments in respect of the fourth quarter 2019 interim dividend, which was announced on January 30, 2020 at US$0.47 per A ordinary share (“A Share”) and B ordinary share (“B Share”).

Dividends on A Shares will be paid, by default, in euros at the rate of €0.4193 per A Share. Holders of A Shares who have validly submitted US dollars or pounds sterling currency elections by February 28, 2020 will be entitled to a dividend of US$0.47 or 36.40p per A Share, respectively.

Dividends on B Shares will be paid, by default, in pounds sterling at the rate of 36.40p per B Share. Holders of B Shares who have validly submitted US dollars or euros currency elections by February 28, 2020 will be entitled to a dividend of US$0.47 or €0.4193 per B Share, respectively.

Euro and pounds sterling dividends payable in cash have been converted from US dollars based on an average of market exchange rates over the three dealing days from 4 to 6 March 2020.

This dividend will be payable on March 23, 2020 to those members whose names were on the Register of Members on February 14, 2020.

Taxation - cash dividend

Cash dividends on A Shares will be subject to the deduction of Dutch dividend withholding tax at the rate of 15%, which may be reduced in certain circumstances. Non-Dutch resident shareholders, depending on their particular circumstances, may be entitled to a full or partial refund of Dutch dividend withholding tax.

If you are uncertain as to the tax treatment of any dividends you should consult your tax advisor.

Royal Dutch Shell plc

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CAUTIONARY NOTE
The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate legal entities. In this announcement “Shell”, “Shell group” and “Royal Dutch Shell” are sometimes used for convenience where references are made to Royal Dutch Shell plc and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to Royal Dutch Shell plc and its subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. ‘‘Subsidiaries’’, “Shell subsidiaries” and “Shell companies” as used in this announcement refer to entities over which Royal Dutch Shell plc either directly or indirectly has control. Entities and unincorporated arrangements over which Shell has joint control are generally referred to as “joint ventures” and “joint operations”, respectively.  Entities over which Shell has significant influence but neither control nor joint control are referred to as “associates”. The term “Shell interest” is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest.