Royal Dutch Shell Plc First Quarter 2015 Scrip Dividend Programme Reference
Share Price

THE HAGUE, May 21, 2015/PRNewswire-FirstCall/ --

The Board of Royal Dutch Shell plc ("RDS") (NYSE: RDS.A) (NYSE: RDS.B) today
announced the Reference Share Price in respect of the first quarter interim
dividend of 2015, which was announced on April 30, 2015 at $0.47 per A ordinary
share ("A Share") and B ordinary share ("B Share") and $0.94 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.


                                  Q1 2015
    Reference Share price (US$)   31.217


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.


                                  Q1 2015
    Reference ADS price (US$)     62.434


The Reference ADS Price equals the Reference Share Price of the two A Shares
underlying each new A ADS.
Scrip dividend programme
Beginning with its first quarter interim dividend for 2015, RDS provides
shareholders with a choice to receive dividends in cash or in shares via a Scrip
Dividend Programme ("the 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 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.
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.
CAUTIONARY NOTE:
The companies in which Royal Dutch Shell plc directly and indirectly owns
investments are separate entities. In this release "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 release refer to
companies over which Royal Dutch Shell plc either directly or indirectly has
control. Companies over which Shell has joint control are generally referred to
as "joint ventures" and companies over which Shell has significant influence but
neither control nor joint control are referred to as "associates". In this
release, joint ventures and associates may also be 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 release 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", "goals", "intend",
"may", "objectives", "outlook", "plan", "probably", "project", "risks",
"schedule", "seek", "should", "target", "will" 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 release, 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 release 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 risk factors that may affect future
results are contained in Royal Dutch Shell's 20-F for the year ended December
31, 2014 (available at http://www.shell.com/investor and http://www.sec.gov ).
These risk factors also expressly qualify all forward looking statements
contained in this release and should be considered by the reader. Each
forward-looking statement speaks only as of the date of this release, May 21,
2015. Neither Royal Dutch Shell plc 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 release.
We may have used certain terms, such as resources, in this release that United
States Securities and Exchange Commission (SEC) strictly prohibits us from
including in our 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 http://www.sec.gov .
ENQUIRIES:
Shell Media Relations: International, UK, European Press, +44-207-934-5550
Shell Investor Relations: Europe: Peter van Driel, +31-70-377-4540 North
America: Ken Lawrence, +1-832-337-2034