Royal Dutch Shell Plc : - Completion of Repsol S.A. LNG Deal

Shell boosts its leadership in global LNG with the completion of Repsol S.A.
LNG deal

The Hague, 2 January, 2014. Royal Dutch Shell plc ("Shell") today announces the
successful completion of the acquisition of Repsol S.A.'s ("Repsol") liquefied
natural gas (LNG) portfolio outside North America for a headline cash
consideration of $4.1 billion. As part of the transaction, Shell will also
assume $1.6 billion of balance sheet liabilities relating to existing leases
for LNG ship charters, substantially increasing the shipping capacity available
to Shell's world-class LNG marketing business.

The deal gives Shell an additional 7.2 million tonnes per annum (mtpa) of
directly managed LNG volumes. The company's already diverse and flexible
portfolio will be boosted with LNG supply in the Atlantic from Trinidad &
Tobago, and in the Pacific from Peru.  In addition, it immediately contributes
additional cash flow, while requiring limited on-going capital expenditure.

Since the announcement of the transaction in February 2013, certain value
adjustments have been made in accordance with the terms of the sales and
purchase agreement. These are expected to lead to a net cash purchase price of
$3.8 billion (subject to post closing adjustments), compared to purchase price
of $4.4 billion announced in February 2013, and balance sheet liabilities of
$1.6 billion, compared to $1.8 billion at the initial announcement. This
includes the exercise of pre-emption rights of the BBE power plant in Spain by
an existing partner as well as other adjustments such as the financial
performance of the portfolio and working capital movements since the effective
date of 1st October 2012.

The deal closed in 2014. Shell's capital investment in Q4 2013 will reflect
$3.4 billion for this transaction with the remainder of $2.0 billion booked in
2014 of which $1.6 billion is a non cash item relating to finance ship leases.

Additional information:

The transaction will add:

 a. Net 4.2 mtpa equity LNG plant capacity, increasing the company's equity LNG
    capacity by around 20%, from 22 to 26 mtpa.

       + Atlantic LNG trains 1-4; 14.8 mtpa capacity on a 100% basis (20-25%
        equity per train); operated by Atlantic LNG Company of Trinidad and
        Tobago.

      + Peru LNG 4.45 mtpa capacity, on a 100% basis (acquisition: 20% equity:
        100% offtake); operated by Peru LNG Company.

      + A fleet of LNG carriers, comprising both long term and short term time
        charters.

 b. 7.2 mtpa of LNG volumes through long term off-take agreements.

 c. As part of this agreement, as previously disclosed, Shell has committed to
supply around 0.1 mtpa of LNG to Repsol's Canaport LNG terminal in Canada over
a period of 10 years.

Enquiries:

Shell Media Relations:

International [phone]

Americas [phone]

Shell Investor Relations:

International [phone]

North America [phone]

Cautionary note

The companies in which Royal Dutch Shell plc directly and indirectly owns
investments are separate 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 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
announcement refer to companies in which 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 announcement, 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 (for example, through our 23 per cent shareholding in Woodside
Petroleum Ltd.) ownership interest held by Shell in a venture, partnership or
company, after exclusion of all third-party interest.

This announcement contains forward looking statements concerning the financial
condition, results of operations and businesses of Shell and the Shell Group.
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 Shell and
the Shell Group 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", "goals",
"intend", "may", "objectives", "outlook", "plan", "probably", "project",
"risks", "seek", "should", "target", "will" and similar terms and phrases.
There are a number of factors that could affect the future operations of Shell
and the Shell Group and could cause those results to differ materially from
those expressed in the forward looking statements included in this
announcement, 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 regulatory measures addressing climate
change; (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 announcement 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 Shell's 20-F
for the year ended 31 December 2012 (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 announcement, 2
January 2014. Neither Shell nor any of its subsidiaries nor the Shell Group
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
announcement.