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LEADING CCS PROJECTS

Presentation atGCCSI Conference, “Global Status of CCS 2014”Abu DhabiNovember 5-6, 2014

Tim Bertels,

CO2 Implementation Manager / Head of CCS

Shell Global Solutions International

DEFINITIONS AND CAUTIONARY NOTE

The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate entities. In this presentation “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 subsidiaries in general or to those who work for them. These expressions are also used where no useful purpose is served by identifying the particular company or companies. ‘‘Subsidiaries’’, “Shell subsidiaries” and “Shell companies” as used in this presentation refer to companies in which Royal Dutch Shell either directly or indirectly has control, by having either a majority of the voting rights or the right to exercise a controlling influence. The companies in which Shell has significant influence but not control are referred to as “associated companies” or “associates” and companies in which Shell has joint control are referred to as “jointly controlled entities”. In this presentation, associates and jointly controlled entities are also referred to as “equity-accounted investments”. The term “Shell interest” is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in a venture, partnership or company, after exclusion of all third-party interest.

This presentation contains forward-looking statements concerning the financial condition, results of operations and businesses of Royal Dutch Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management’s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Royal Dutch Shell to market risks and statements expressing management’s expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as ‘‘anticipate’’, ‘‘believe’’, ‘‘could’’, ‘‘estimate’’, ‘‘expect’’, ‘‘intend’’, ‘‘may’’, ‘‘plan’’, ‘‘objectives’’, ‘‘outlook’’, ‘‘probably’’, ‘‘project’’, ‘‘will’’, ‘‘seek’’, ‘‘target’’, ‘‘risks’’, ‘‘goals’’, ‘‘should’’ and similar terms and phrases. There are a number of factors that could affect the future operations of Royal Dutch Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this presentation, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell’s products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, fiscal and regulatory developments including potential litigation and regulatory measures as a result of climate changes; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; and (m) changes in trading conditions. All forward-looking statements contained in this presentation are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional factors that may affect future results are contained in Royal Dutch Shell’s 20-F for the year ended 31 December, 2013 (available at www.shell.com/investor and www.sec.gov ). These factors also should be considered by the reader. Each forward-looking statement speaks only as of the date of this presentation, 5 November, 2014. Neither Royal Dutch Shell nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this presentation. There can be no assurance that dividend payments will match or exceed those set out in this presentation in the future, or that they will be made at all.

We use certain terms in this presentation, such as discovery potential, that the United States Securities and Exchange Commission (SEC) guidelines strictly prohibit us from including in filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website www.sec.gov. You can also obtain this form from the SEC by calling 1-800-SEC-0330.

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Copyright of Royal Dutch Shell Plc

SHELL’S RESPONSE TO THE CO2 CHALLENGE

NATURAL GAS BIOFUELS

EFFICIENCY

CARBON CAPTURE & STORAGE

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WHY WE NEED CCS

CCS provides an essential and significant contribution to emissions reduction in power & industry

CCS on fossil fuels will be cost competitive with low carbon alternatives, maintaining diversity of energy supply and volume

Without CCS, decarbonisation costs are substantially higher (!)

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SHELL INVOLVEMENT IN LEADING CCS PROJECTS

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Copyright of Royal Dutch Shell Plc

THE QUEST CCS PROJECT, ALBERTA, CANADA

Fully integrated project with CO2

capture from heavy oil upgrader, transport, and onshore storage in deep saline formation

One million tons CO2 per year

capacity for 25 years, equivalent to annual emissions from175,000 cars

JV among Shell (60%); Chevron (20%); and Marathon (20%)

Located at Scotford Upgrader Complex

35% reduction of Upgrader CO2 emissions

Project Approval September 2012, construction ongoing, startup planned for Q4 2015.

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Copyright of Royal Dutch Shell Plc

BOUNDARY DAM CCS PROJECT – SHELL CANSOLV TECHNOLOGY

Owner: SaskPower (Shell has no

equity)

Type: The world’s first large-scale

CO2 capture plant for coal fired power,

Estevan, Saskatchewan, Canada

Size: Capture of 1 million tons CO2

per year; use of CO2 for EOR

(Cenovus Weyburn field)

Status: Plant opened early October

2014

Technology: Shell Cansolv SO2 and

CO2 capture technologies

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SHELL CANSOLV CAPTURE TECHNOLOGY SCALE UP

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The world’s most advanced

test centre for CO2 capture

CO2 TECHNOLOGY CENTRE MONGSTAD (TCM) NORWAY

Technology demonstration and verification, including Shell Cansolv

Critical step in scaling up CCS

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Project type and scope ;

First full-scale CCS project on a gas-fired power station

10 million tonnes of CO2 to

be captured over ten-years from a gas turbine at SSE´s Boddam Power Station

CO2 to be stored in a

depleted gas field, 100 km offshore, with young facilities

Potential hub for future CCS

and CO2-EOR projects

UK Government support for capital & operating expenses from CCS demonstration fund

THE PETERHEAD PROPOSED CCS PROJECT, UK

LEADING FIRST OF A KIND CCS PROJECTS

Requirements ; Policy support; demonstration

funding mechanism in the

absence of a robust price on CO2

Commitment to demonstrate CCS; ability to take on early mover capital and technology risks

Close collaboration with the regulator

Excellent local community engagement

Extensive data gathering and knowledge sharing 11

POLICY NEEDS

CCS will require a robust CO2

price, a level playing field with alternative low carbon technologies, and short term demonstration support to drive down costs.

FIRST OF A KIND Nth OF A KIND

DEVELOPMENT DEMONSTRATION DEPLOYMENT

CAPITAL GRANTS (SUPPORT BUILD)

OPEX SUPPORT (ENSURE PLANT OPERATES)

ROBUST CO₂ PRICE

NON-FINANCIAL MEASURES (ENABLING REGULATIONS, LIABILITY AGREEMENTS, ETC)

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PUTTING A PRICE ON CO2 - CCS AND EOR SYMBIOSIS

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CCS

Security of low CO2 power supply and diversity

Cost competitive as

part of low-carbon mix

Support for low CO2

power

EOR

Maximise recovery from resource base

Economic at low to medium carbon transfer

prices

RevenueGDP

growth

EnablingCO2 supply

EnablingPremium

on captured

CO2

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Copyright of Royal Dutch Shell PlcVersion 1.1– 25/08/2010

CO2–EOR TAKING A GAME WE KNOW INTO THE FUTURE

CO2 EORDENVER UNIT CO2-EOR

PROJECT

Proven Technology

– 40+ years experience

Expanding to the Future ;

– Anthropogenic CO2

– Carbon Capture and Storage alternatives

Next Wave Integration

– CO2 Sourcing Master Planning

– Cost reductions

– Recovery improvements

Developed by Shell

Largest CO2 project in the

world

– more than 400 MMscf/d

sustained CO2 injection in >100

patterns

– over 200 MMscf/d gas processing/recycling on site

– surveillance and management of

CO2-EOR in various areas

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CONCLUSION

CCS critical to decarbonisation

Shell leads several CCS demo projects

First mover CCS projects come with

special challenges and needs

CCS and CO2-EOR synergies

CONCLUSIONS

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