Shell Announces Settlement of Reserve-Related Claims
with European and Other Non-US Investors

(April 11, 2007)  Royal Dutch Shell plc today announced the proposed
settlement of claims outside the US related to the 2004 restatement of
reserves.

Without admitting any wrongdoing, Shell* agreed to pay $352.6 million, plus
administrative costs, to investors covered by the settlement. They include
non-US investors who purchased their shares outside the United States. The
parties to the settlement agreement include certain institutional investors
including ABP, PGGM, the Vereniging van Effectenbezitters (VEB) an
organization representing individual shareholders in The Netherlands and
similar organisations, and the Shell Reserves Compensation Foundation, a
settlement foundation representing all shareholders covered by the settlement
agreement.

The agreement depends on the Amsterdam Court of Appeals declaring the
settlement binding for all of the shareholders that it covers and is subject
to agreed opt-out provisions.

Shell intends to offer the same proportional settlement to investors in the
US, provided the US court overseeing the case approves.

Under the agreement, Shell’s payment will include:

·	$340.1 million to be distributed to investors who both resided and purchased
shares outside the US from April 8, 1999 until March 18, 2004, with the
oversight of the Foundation;
·	$12.5 million to be divided equally among all shareholders who submit a
valid claim for relief, and
·	$6.25 million to VEB and other similar organizations to assist individual
shareholders in preparing and submitting claims.

Finally, Shell agreed as part of this settlement to request that the United
States Securities and Exchange Commission distribute to shareholders the $120
million paid by Shell in 2004 under a consent agreement resolving the SEC’s
investigation into Shell’s reserves recategorisation.

* The expression “Shell” as used in this release indicates the two former
parent companies, i.e. The Shell Transport and Trading Company, Ltd.,
(formerly: The “Shell” Transport and Trading Company, plc.) and Shell
Petroleum N.V. (the successor company to Royal Dutch Petroleum Company).

Contacts:

Shell Investor Relations:
Den Haag	Tjerk Huysinga			+31 70 377 3996/+44 207 934 3856
New York	Harold Hatchett		+1 212 218 3112

Shell Media Relations:
International, US, UK Press			+44 207 934 5963/ 3277/ 6238
The Netherlands and European Press		+31 70 377 8750

Shell Legal Department
Den Haag					+31 70 377 1454


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This Report on Form 6-K is incorporated by reference into:

a) the Registration Statement on Form F-3 of Royal Dutch Shell plc and Shell
International Finance B.V. (Registration Numbers 333-126726 and
333-126726-01); and

b) the Registration Statements on Forms S-8 of Royal Dutch Shell plc
(Registration Numbers 333-126715 and 333-141397).