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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities
Exchange Act of 1934*
N.V. Koninklijke
Nederlandsche
Petroleum Maatschappij
(Name of Issuer)
Royal Dutch Petroleum
Company
(Translation of
Issuers name into English)
Ordinary shares of the nominal
(par) value of 0.56 Euro
(0.56) each
(Title of Class of Securities)
780257804
(CUSIP Number)
Michiel Brandjes
Company Secretary
Royal Dutch Shell plc
30, Carel van Bylandtaan
2596 HR The Hague
The Netherlands
+31 70 377 9111
(Name, Address and Telephone Number of Person
Authorized to Receive Notices
and Communications)
Copy to:
William P. Rogers, Jr., Esq.
Cravath, Swaine & Moore LLP
CityPoint, One Ropemaker Street
London EC2Y 9HR
United Kingdom
+44 207 453 1000
(Name, Address and Telephone Number of Person
Authorized to Receive Notices
and Communications)
July 20, 2005
(Date of Event Which Requires Filing of this Statement)
If the filing person has previously
filed a statement on Schedule 13G to report the acquisition that is the subject
of this Schedule 13D, and is filing this schedule because of
§§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box. o
Note: Schedules filed in paper
format shall include a signed original and five copies of the schedule,
including all exhibits. See §240.13d-7 for other parties to whom copies are
to be sent.
* The remainder of this cover
page shall be filled out for a reporting persons initial filing on this
form with respect to the subject class of securities, and for any subsequent
amendment containing information which would alter disclosures provided in a
prior cover page.
The information required on the
remainder of this cover page shall not be deemed to be filed for the
purpose of Section 18 of the Securities Exchange Act of 1934 (Act)
or otherwise subject to the liabilities of that section of the Act but shall be
subject to all other provisions of the Act (however, see the Notes).
Persons who respond to the collection
of information contained in this form are not required to respond unless the
form displays a currently valid OMB control number.
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CUSIP No. 780257804 |
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1. |
Name of Reporting Person: Royal Dutch Shell plc |
I.R.S. Identification Nos. of above persons (entities
only):
None |
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2. |
Check the Appropriate Box if a Member of a Group (See
Instructions): |
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(a) |
o |
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(b) |
o |
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3. |
SEC Use Only: |
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4. |
Source of Funds (See Instructions): OO |
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5. |
Check if Disclosure of Legal Proceedings Is Required
Pursuant to Items 2(d) or 2(e): o |
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6. |
Citizenship or Place of Organization: England and
Wales |
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Number
of Shares Beneficially Owned by Each Reporting Person
With |
7. |
Sole Voting Power: 1,961,615,975 |
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8. | Shared Voting
Power: None |
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9. | Sole Dispositive
Power: 1,961,615,975 |
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10. | Shared Dispositive
Power: None |
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11. | Aggregate Amount Beneficially
Owned by Each Reporting Person: 1,961,615,975 |
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12. |
Check if the Aggregate Amount in
Row (11) Excludes Certain Shares (See Instructions): x |
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13. | Percent of Class Represented by
Amount in Row (11): 94.79% |
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14. | Type of Reporting Person (See
Instructions): HC, CO |
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2
TABLE OF CONTENTS
Item 1. Security and Issuer
The title of the class of equity securities to which this Schedule 13D relates is ordinary
shares of the nominal (par) value of 0.56 Euro (0.56) each (the Ordinary Shares) of N.V.
Koninklijke Nederlandsche Petroleum Maatschappij (Royal Dutch Petroleum Company), a company
organized pursuant to the laws of the Netherlands (Royal Dutch). The address of the principal
executive offices of Royal Dutch is 30, Carel van Bylandtlaan, 2596 HR The Hague, The Netherlands.
Item 2. Identity and Background
The name of the person filing this statement is Royal Dutch Shell plc, a public limited
company organized pursuant to the laws of England and Wales (Royal Dutch Shell).
On May 19, 2005, Royal Dutch Shell commenced an exchange offer for all of the Ordinary Shares
of Royal Dutch (the Offer). Concurrently, the Shell Transport and Trading Company, p.l.c.
(Shell Transport) published definitive documentation with respect to a scheme of arrangement
under English law of Shell Transport (the Scheme).
On July 20, 2005, Royal Dutch Shell, Royal Dutch and Shell Transport announced that all
conditions to the Offer and the Scheme had been satisfied or waived and that Royal Dutch Shell had
become the parent company of Royal Dutch, Shell Transport and, through Royal Dutch and Shell
Transport, of the Royal Dutch/Shell Group of Companies (the Group; collectively, Royal Dutch
Shell, Royal Dutch, Shell Transport and the Group are referred to as the Shell Group).
On July 20, 2005, Royal Dutch Shell also announced that it had commenced a subsequent offer
acceptance period (the Subsequent Offer Acceptance Period; the Offer, including the Subsequent
Offer Acceptance Period, the Exchange Offer and together with the Scheme, the Transaction)
expiring on August 9, 2005. During this period, holders of Ordinary Shares of Royal Dutch are
permitted to tender any remaining Ordinary Shares of Royal Dutch as described in the prospectus
dated May 19, 2005 in respect of the Exchange Offer (the Prospectus). The Subsequent Offer
Acceptance Period is not an extension of the Offer, in respect of which exchanges of Royal Dutch
Shell shares for Ordinary Shares of Royal Dutch tendered were settled on or before July 25, 2005.
During the Subsequent Offer Acceptance Period there are no withdrawal rights either for Royal Dutch
Shares tendered for exchange in the Offer or for those tendered during the Subsequent Offer
Acceptance Period. Royal Dutch Shell will promptly accept for exchange any Ordinary Shares of
Royal Dutch tendered during the Subsequent Offer Acceptance Period at the same exchange ratio as in
the Offer (as described below).
Except as described above and any obligations assumed by Royal Dutch Shell in connection with
becoming the parent company of the Shell Group, Royal Dutch Shell has not engaged in any
operational activities since its incorporation on February 5, 2002. The primary object of Royal
Dutch Shell is to carry on the business of a holding company.
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The address of the principal business and the principal office of Royal Dutch Shell is 30,
Carel van Bylandtlaan, 2596 HR The Hague, The Netherlands. Set forth in Schedule A attached
hereto, which is incorporated herein by reference, is the name, citizenship, residence or business
address and present principal occupation or employment (and the name, principal business and
address of any corporation or other organization in which such employment is conducted) of each of
Royal Dutch Shells directors and executive officers. During the last five years, neither Royal
Dutch Shell nor, to Royal Dutch Shells knowledge, any person named in Schedule A hereto, has been
convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). During
the last five years, neither Royal Dutch Shell nor, to Royal Dutch Shells knowledge, any person
named in Schedule A hereto was a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction as a result of which such person was or is subject to
a judgment, decree or final order enjoining future violations of, or prohibiting or mandating
activities subject to, federal or state securities laws or finding any violation with respect to
such laws.
Item 3. Source and Amount of Funds or Other Consideration
Royal
Dutch Shell has acquired beneficial ownership of 1,961,615,975 Ordinary Shares of Royal
Dutch, or 94.79% of the Ordinary Shares of Royal Dutch. This includes
(i) all Ordinary Shares exchanged by Royal Dutch Shell for Royal Dutch Shell shares in the Offer and (ii) all Ordinary Shares tendered prior to the
filing hereof in the Subsequent Offer Acceptance Period. Royal Dutch
Shell did not exchange and does not intend to seek delivery of, and therefore disclaims beneficial ownership of, 2,982,288 Ordinary Shares in New York registry
form tendered in the Offer via the guaranteed delivery procedure not
delivered to the U.S. exchange agent in respect of the Offer as required by the Prospectus.
Under the terms of the Exchange
Offer, (a) for every Ordinary Share or Royal Dutch held in New York registry form tendered in the
Exchange Offer, the tendering shareholder received one Royal Dutch Shell Class A American
depository receipt (each, a Class A ADR) representing two Royal Dutch Shell Class A ordinary
shares of Royal Dutch (each, a Class A Share) and (b) for every Ordinary Share of Royal Dutch
held in bearer or Hague registry form tendered in the Exchange Offer, the tendering shareholder
received two Class A Shares. Other than the issuance of Class A Shares and Class A ADRs, no
consideration was paid to shareholders of Royal Dutch in connection with the Exchange Offer.
Item 4. Purpose of Transaction
Pursuant to the Exchange Offer, Royal Dutch Shell offered to acquire all of the Ordinary
Shares of Royal Dutch. Upon consummation of the Offer and the Scheme, Royal Dutch Shell became the
holding company of both Royal Dutch and Shell Transport and, through Royal Dutch and Shell
Transport, the Group.
(a) As described above, on July 20, 2005, Royal Dutch Shell commenced the Subsequent Offer
Acceptance Period that will expire on August 9, 2005.
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In addition, as indicated in the Prospectus and the announcements of July 20, 2005, Royal Dutch
Shell reserves the right to use any legally permitted method to obtain 100% of the Ordinary Shares
of Royal Dutch. This could include a squeeze out procedure, engaging in one or more corporate
restructuring transactions, such as a merger, liquidation, transfer of assets or conversion of
Royal Dutch into another form or corporate entity, or changing the Royal Dutch articles of
association to alter the corporate or capital structure in a manner beneficial to Royal Dutch
Shell. Further, Royal Dutch Shell could engage in one or more transactions with minority holders
of Ordinary Shares of Royal Dutch which may include public or private exchanges, tender offers or
purchases for consideration consisting of Royal Dutch Shell shares, other securities or cash.
If the number of Ordinary Shares of Royal Dutch that have been acquired in the Exchange Offer
represent at least 95% of the issued share capital of Royal Dutch that is then
outstanding, Royal Dutch Shell expects, but is not obligated, to initiate squeeze-out
proceedings in accordance with Article 2:92a of the Dutch Civil Code with a view to acquiring all
Ordinary Shares of Royal Dutch held by minority holders of Ordinary Shares of Royal Dutch against
payment of a price in cash to be determined by a Dutch court. Under these proceedings, the price
paid for Ordinary Shares of Royal Dutch held by minority holders of Ordinary Shares of Royal Dutch
will be determined by a Dutch court, which could appoint experts to advise it on the value of
Ordinary Shares of Royal Dutch. Further, if the squeeze-out proceedings are successful, the
minority holders of Ordinary Shares of Royal Dutch will be required to transfer their Ordinary
Shares of Royal Dutch against payment of the price determined. Also, upon payment of the amount
required to purchase the Ordinary Shares of Royal Dutch into a prescribed bank account, Royal Dutch
Shell would become the holder of the Ordinary Shares of Royal Dutch by operation of law. The only
remaining right of the minority holders of Ordinary Shares of Royal Dutch would be to receive
payment for their Ordinary Shares of Royal Dutch.
(b) Other than the unification of Royal Dutch and Shell Transport under Royal Dutch Shell
pursuant to the Exchange Offer and the Scheme and any transactions described in the following
sentence, no other extraordinary corporate transaction with respect to Royal Dutch is currently
planned. As indicated in the Prospectus and the announcements of July 20, 2005, Royal Dutch Shell
reserves the right to use any legally permitted method to obtain 100% of the Ordinary Shares of
Royal Dutch. This could include a squeeze out procedure, engaging in one or more corporate
restructuring transactions, such as a merger, liquidation, transfer of assets or conversion of
Royal Dutch into another form or corporate entity, or changing the Royal Dutch articles of
association to alter the corporate or capital structure in a manner beneficial to Royal Dutch
Shell. Further, Royal Dutch Shell could engage in one or more transactions with minority holders
of Ordinary Shares of Royal Dutch which may include public or private exchanges, tender offers or
purchases for consideration consisting of Royal Dutch Shell shares, other securities or cash.
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(c) No sale or transfer of a material amount of assets of Royal Dutch or any of its
subsidiaries is currently planned or proposed.
(d) There are no plans or proposals to change the present board of directors or management of
Royal Dutch (including no plans or proposals to change the number or term of directors or to fill
any existing vacancies on the board).
(e) No material change is currently planned or proposed in the present capitalization of
Royal Dutch. While no determination has yet been made as to the future dividend policy of Royal
Dutch, Royal Dutch may change its dividend policy. The holders of Ordinary Shares of Royal Dutch
should be aware that there can be no assurance that Royal Dutch will continue to declare dividends
to the shareholders at the same rate and/or frequency in the future as it has in the past, or that
any dividends declared on the Ordinary Shares of Royal Dutch will be equivalent (giving effect to
the exchange ratio) to dividends paid on Royal Dutch Shell shares.
(f) Except as described above in (a) to (e), no material change in Royal Dutchs business or
corporate structure is currently planned or proposed.
(g) Other than the actions described in (a) above, no changes to Royal Dutchs articles of
association, articles of incorporation or other actions which may impede the acquisition of control
of Royal Dutch by any person are currently planned or proposed.
(h) Royal Dutch Shell intends to request that Royal Dutch seeks to delist
the Ordinary Shares of Royal Dutch from Euronext Amsterdam and from the New York Stock Exchange as
soon as reasonably practicable in accordance with applicable rules. The Ordinary Shares of Royal
Dutch have been removed from the Official List of the UK Listing Authority and from trading on the
London Stock Exchange with effect from 20 July 2005.
(i) After the end of the Subsequent Offer Acceptance Period, the Ordinary Shares of Royal
Dutch may become eligible for termination of registration pursuant to Section 12(g)(4) of the
Exchange Act.
(j) Other than as described above, Royal Dutch Shell currently has no plans or proposals that
relate to, or would result in, any of the matters listed in Items 4(a) through 4(i) of Schedule 13D
(although Royal Dutch Shell reserves the right to develop such plans).
Item 5. Interest in Securities of Royal Dutch
(a) Royal
Dutch Shell has acquired beneficial ownership of 1,961,615,975 Ordinary Shares of Royal
Dutch, or 94.79% of the Ordinary Shares of Royal Dutch
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(the
Subject Shares). This includes (i) all Ordinary
Shares exchanged by Royal Dutch Shell for Royal Dutch Shell shares in
the Offer and (ii) all Ordinary Shares tendered prior to the filing hereof in the Subsequent Offer Acceptance Period. Royal Dutch Shell did not exchange and does not intend to seek delivery
of, and therefore disclaims beneficial ownership of, 2,982,288
Ordinary Shares in New York registry form tendered in the Offer via
the guaranteed delivery procedure not delivered to the U.S. exchange agent in respect of the Offer as required by the Prospectus.
(b) Upon settlement of any exchanges made during the Subsequent Offer Acceptance Period that
have not yet settled, Royal Dutch Shell will have the sole power to vote and to direct the vote,
and the sole power to dispose and to direct the disposition of, the Subject Shares.
(c) Except as described in this Schedule 13D and tenders of Ordinary Shares of Royal Dutch in
the Exchange Offer by the persons identified in Schedule A, there have been no transactions in the
Ordinary Shares of Royal Dutch effected by Royal Dutch Shell or, to Royal Dutch Shells knowledge,
any person identified in Schedule A during the past sixty days
other than:
(i) Jeroen Van der Veer: Mr. Van der Veer received a notional number of 116 Ordinary Shares of
Royal Dutch as part of the Deferred Bonus Plan on June 16, 2005 and 1189 Ordinary Shares of Royal
Dutch as part of the Long Term Incentive Plan (the Plan) on June 15, 2005, which shares would be
purchased when Mr. Van der Veers rights with respect to those shares vest.
(ii) Malcolm Brinded: Mr. Brinded received a notional number of 422 Ordinary Shares of Royal
Dutch as part of the Plan on June 15, 2005, which shares would be purchased when Mr. Brindeds
rights with respect to those shares vest.
(iii) Rob Routs: Mr. Routs received a notional number of 822 Ordinary Shares of Royal Dutch as
part of the Plan on June 15, 2005, which shares would be purchased when Mr. Routs rights with
respect to those shares vest.
(iv) Linda Cook: Ms. Cook received a notional number of 146 Ordinary Shares of Royal Dutch as part
of the Restricted Stock Plan on June 16, 2005, which shares would be purchased when Ms. Cooks rights with respect
to those shares vest. In accordance with the terms of the Shell Provident Fund, in light of
adjustments in currency exchange rates and market price of Ordinary Shares of Royal Dutch, the
notional amount of Ordinary Shares of Royal Dutch held by Ms. Cook in such Fund decreased by 4 and
26 on June 1 and July 1, 2005, respectively, and increased by 91 on June 16, 2005.
(d) Not applicable.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of
Royal Dutch
On May 18, 2005, Royal Dutch Shell, Royal Dutch and Shell Transport entered into the
Implementation Agreement in respect of the Transaction setting forth, inter alia, the conditions to
and conduct of the Transaction, the recommendation and approvals of Royal Dutch and Shell Transport
in connection with the Exchange Offer and the Scheme, and the corporate governance being
implemented in connection with the Transaction. Pursuant to the Implementation Agreement, Royal
Dutch Shell agreed with Royal Dutch and Shell Transport to make the Exchange Offer on the terms set
out in the offer documents with respect thereto. Royal Dutch agreed, subject to its directors
fiduciary duties, to use all reasonable endeavors to procure the satisfaction of the conditions to
the Exchange Offer and to implement the Exchange Offer in accordance with its terms as set out in
the offer documents. In addition, Royal Dutch Shell agreed not to vary, terminate or withdraw the
Exchange Offer or to waive the conditions to the Exchange Offer or to determine whether such
conditions have been satisfied without the prior written consent of Royal Dutch and Shell
Transport.
Item 7. Material to Be Filed as Exhibits
The following documents are filed as exhibits:
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Exhibit |
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Number |
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Exhibit Name |
1.
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Implementation Agreement, dated May 18, 2005, among Royal Dutch
Shell, Royal Dutch and Shell Transport (incorporated by reference
to Annex A of the Registration Statement on Form F-4 of Royal
Dutch Shell (Commission File Number 333-125037) filed with the
Securities and Exchange Commission on May 18, 2005). |
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the
information set forth in this statement is true, complete and correct.
Date: July 29, 2005
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ROYAL DUTCH SHELL PLC
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by |
/s/
Mark Edwards |
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Name: Mark Edwards |
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Title: Assistant Company Secretary |
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8
SCHEDULE A
The following is a list of the executive officers and directors of Royal Dutch Shell, setting
forth, for each person, the name, citizenship, residence or business address, present principal
occupation or employment and the name, principal business and address of any corporation or other
organization in which such employment is conducted.
The business address for each of the individuals listed below is Royal Dutch Shell, 30, Carel
van Bylandtlaan, 2596 HR The Hague, The Netherlands.
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Position at |
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Present Principal Occupation |
Name |
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Citizenship |
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Royal Dutch Shell |
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or Employment* |
Aad Jacobs
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The Netherlands
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Non-Executive Chairman
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Non-Executive
Chairman of the
Board of Directors
of Royal Dutch
Shell |
Lord Kerr of Kinlochard
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England
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Deputy Chairman and
senior independent
Non-Executive Director
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Deputy Chairman of
the Board of
Directors and
Senior Independent
Non-Executive
Director of Royal
Dutch Shell |
Jeroen van der Veer
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The Netherlands
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Chief Executive
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Chief Executive of
Royal Dutch Shell |
Peter Voser
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Switzerland
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Chief Financial Officer
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Chief Financial
Officer of Royal
Dutch Shell |
Malcolm Brinded
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England
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Executive Director,
Exploration and
Production
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Executive Director,
Exploration and
Production, of
Royal Dutch Shell |
Linda Cook
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United States
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Executive Director,
Gas & Power
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Executive Director,
Gas & Power, of
Royal Dutch Shell |
Rob Routs
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The Netherlands
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Executive Director,
Oil Products and
Chemicals
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Executive Director,
Oil Products and
Chemicals, of Royal
Dutch Shell |
Maarten van den Bergh
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The Netherlands
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Non-Executive Director
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Chairman of the
Board of Directors
of Lloyds TSB Group
plc, which engages
in consumer and
commercial banking
and the insurance
and investment
business and has
its principal
business address at
25 Gresham Street,
London, EC2V 7HN,
England. |
Sir Peter Burt
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England
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Non-Executive Director
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Chairman of ITV
plc, which engages
in television
broadcasting and
production, pay and
digital TV and
television leasing
and has its
principal business
address at The
London Television
Centre, Upper
Ground, London SE1
9LT, England. |
Mary (Nina) Henderson
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United States
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Non-Executive Director
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Non-Executive Director of Royal Dutch Shell |
Sir Peter Job
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England
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Non-Executive Director
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Non-Executive Director of Royal Dutch Shell |
Wim Kok
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The Netherlands
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Non-Executive Director
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Non-Executive Director of Royal Dutch Shell |
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Position at |
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Present Principal Occupation |
Name |
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Citizenship |
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Royal Dutch Shell |
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or Employment* |
Jonkheer Aarnout Loudon
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The Netherlands
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Non-Executive Director
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Chairman of ABN
AMRO Holding N.V.,
which provides
financial services
including retail
banking, private
banking, asset
management and
investment banking
services and has
its principal
business address at
Gustav Mahlerlaan 10, Amsterdam, 1082PP, The Netherlands, and Akzo
Nobel N.V., which
manufactures paint,
chemicals and salt
and has its
principal business
address at
Velperweg 76, 6824 BM Arnhem, Postbus 9300, 6800 SB Arnhem, The Netherlands. |
Christine Morin-Postel
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France
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Non-Executive Director
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Non-Executive Director of Royal Dutch Shell |
Lawrence Ricciardi
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United States
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Non-Executive Director
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Senior Advisor to
Jones Day Reaves &
Pogue, a law firm
that has its
business
address at
222 East 41st St., New York, NY 10017-6702, and to
Lazard Freres &
Co., which provide
financial services,
including mergers
and acquisitions,
asset management,
corporate
restructuring,
underwriting,
securities
placement and
research services
and has its
business
address at
30 Rockefeller Plaza, New York, NY 10020. |
* Unless otherwise indicated, the address is Royal Dutch Shell, 30, Carel van Bylandtlaan,
2596 HR The Hague, The Netherlands.
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Exhibit |
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Number |
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Exhibit Name |
1.
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Implementation Agreement, dated May 18, 2005, among Royal Dutch
Shell, Royal Dutch and Shell Transport (incorporated by reference
to Annex A of the Registration Statement on Form F-4 of Royal
Dutch Shell (Commission File Number 333-125037) filed with the
Securities and Exchange Commission on May 18, 2005). |
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