Shell PLC

Major Shareholding Notification • Nov 3, 2023

National Storage Mechanism | Additional information

On November 1, 2023 Shell plc (“Shell") received three notifications from Norges Bank, as set out below:

• Notification 1 – as a result of an acquisition of shares with the percentage of voting rights in Shell exceeding 3% on August 15, 2022;
• Notification 2 – correcting errors in Notification 1; and
• Notification 3 - Norges Bank’s shareholding falling below a notifiable threshold (below 3% of the voting rights in Shell) on October 30, 2023.

Norges Bank have advised Shell that Notifications 1 and 2 were not submitted to Shell in August 2022 as a result of an administrative error by Norges Bank.

Notifications 2 and 3 are set out below:

NOTIFICATION – Threshold crossed in August 2022 (corrected version)

TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:			Shell plc
1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate)
Non-UK issuer
2. Reason for the notification (please mark the appropriate box or boxes with an “X”)
An acquisition or disposal of voting rights
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify)iii:
3. Details of person subject to the notification obligationiv
Name			Norges Bank
City and country of registered office (if applicable)			Oslo, Norway
4. Full name of shareholder(s) (if different from 3.)v
Name			N/A
City and country of registered office (if applicable)			N/A
5. Date on which the threshold was crossed or reachedvi:			15 August 2022
6. Date on which issuer notified (DD/MM/YYYY):			1 November 2023
7. Total positions of person(s) subject to the notification obligation
	% of voting rights attached to shares (total of 8. A)	% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)		Total of both in % (8.A + 8.B)
Resulting situation on the date on which threshold was crossed or reached	3.015200 %	0.001990 %		3.017190 %
Position of previous notification (if applicable)	2.993500	0.000430		2.993930

8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii
A: Voting rights attached to shares
Class/type of shares ISIN code (if possible)		Number of voting rightsix
Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)		Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)			Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)
GB00BP6MXD84		196654191
US7802593050		23381414
SUBTOTAL 8. A		220,035,605
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
Type of financial instrument		Expiration datex	Exercise/ Conversion Periodxi
Shares on loan (right to recall)		n/a	At any time
			SUBTOTAL 8. B 1
B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of financial instrument	Expiration datex		Exercise/ Conversion Period xi		Physical or cash settlementxii
N/A
					SUBTOTAL 8.B.2

9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an “X”)
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary)
Namexv	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
10. In case of proxy voting, please identify:
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional informationxvi
Correction of previous notification

Place of completion	Oslo, Norway
Date of completion	1 November 2023 (Norges date from TR1 submission)

NOTIFICATION – Threshold crossed in October 2023

TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:			Shell plc
1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate)
Non-UK issuer
2. Reason for the notification (please mark the appropriate box or boxes with an “X”)
An acquisition or disposal of voting rights
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify)iii:
3. Details of person subject to the notification obligationiv
Name			Norges Bank
City and country of registered office (if applicable)			Oslo, Norway
4. Full name of shareholder(s) (if different from 3.)v
Name			N/A
City and country of registered office (if applicable)			N/A
5. Date on which the threshold was crossed or reachedvi:			30 October 2023
6. Date on which issuer notified (DD/MM/YYYY):			1 November 2023
7. Total positions of person(s) subject to the notification obligation
	% of voting rights attached to shares (total of 8. A)	% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)		Total of both in % (8.A + 8.B)
Resulting situation on the date on which threshold was crossed or reached	2.984360	0.000000		2.984360
Position of previous notification (if applicable)	3.015200	0.001990		3.017190

8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii
A: Voting rights attached to shares
Class/type of shares ISIN code (if possible)		Number of voting rightsix
Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)		Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)			Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)
GB00BP6MXD84		195445567
US7802593050		1672752
SUBTOTAL 8. A		197,118,319
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
Type of financial instrument		Expiration datex	Exercise/ Conversion Periodxi
N/A
			SUBTOTAL 8. B 1
B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of financial instrument	Expiration datex		Exercise/ Conversion Period xi		Physical or cash settlementxii
N/A
					SUBTOTAL 8.B.2

9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an “X”)
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary)
Namexv	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
10. In case of proxy voting, please identify:
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional informationxvi

Place of completion	Oslo, Norway
Date of completion	1 November 2023 (Norges date from TR1 submission)

Anthony Clarke

Deputy Company Secretary

Shell plc

LEI Number of Shell plc: 21380068P1DRHMJ8KU70

Classification: Major Shareholding Notifications