Royal Dutch Shell Plc Fourth Quarter 2012 Scrip Dividend Programme Reference Share Price

 Royal Dutch Shell Plc Fourth Quarter 2012 Scrip Dividend Programme Reference
                                 Share Price

PR Newswire

THE HAGUE, The Netherlands, February 20, 2013

THE HAGUE, The Netherlands, February 20, 2013 /PRNewswire/ --

The Board of Royal Dutch Shell plc ("RDS") (NYSE: RDS.A) (NYSE: RDS.B)today
announced the Reference Share Price in respect of the fourth quarter interim
dividend of 2012, which was announced on January 31st, 2013 at $0.43 per A
ordinary share ("A Share") and B ordinary share ("B Share") and $0.86 per
American Depository Share ("ADS").

Reference Share Price

The Reference Share price is used for calculating a Participating
Shareholder's entitlement under the Scrip Dividend Programme, as defined
below.

                                  Q4 2012
    Reference Share price (US$)    33.000

The Reference Share Price is the US dollar equivalent of the average of the
closing price for the Company's A Shares listed on Euronext Amsterdam for the
five dealing days commencing on (and including) the date on which the Shares
are first quoted ex-dividend in respect of the relevant dividend.

The Reference Share Price is calculated by reference to the Euronext Amsterdam
closing price in euro. The US dollar equivalent of the closing price on each
of the dealing days referred to above is calculated using a market currency
exchange rate prevailing at the time.

Reference ADS Price

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

                                  Q4 2012
    Reference ADS price (US$)      66.000

The Reference ADS Price equals the Reference Share Price of the two A Shares
underlying each new A ADS. A recent court ruling has established that Stamp
Duty Reserve Tax (SDRT) is not due on the issue of shares to a US depositary.
Therefore, the Reference ADS price no longer includes an adjustment for the
deduction of SDRT (or the Dutch withholding tax associated with the payment of
SDRT). Given these changes, there is no longer a need to have an Alternative
Reference ADS Price. The Reference ADS Price will instead apply to all A ADSs
and B ADSs.

Royal Dutch Shell plc is currently exploring together with the Depository how
ADS holders might reclaim SDRT amounts deducted on previous issues under the
Scrip Dividend Programme. Details will be made available as soon as possible
on the dividend section of the Royal Dutch Shell plc website:
http://www.shell.com/dividend.

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
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. However, this is only necessary if the shareholder has not previously
made a Scrip Dividend Election in respect of any new A shares issued.

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

Contacts:

Investor Relations:
Europe: +31(0)70-377-4540
USA: +1-713-241-1042

Media:
Europe: +31(0)70-377-3600

SOURCE Royal Dutch Shell plc
 
Press spacebar to pause and continue. Press esc to stop.