The Hague, February 4, 2021
“2020 was an extraordinary year. We have taken tough but decisive actions and demonstrated highly
resilient operational delivery while caring for our people, customers and communities. We are coming
out of 2020 with a stronger balance sheet, ready to accelerate our strategy and make the future of
energy. We are committed to our progressive dividend policy and expect to grow our US dollar
dividend per share by around 4% as of the first quarter 2021.”
Royal Dutch Shell Chief Executive Officer, Ben van Beurden
STRONG OPERATIONAL DELIVERY IN AN EXTRAORDINARY YEAR
? Resilient financial results, with sector-leading cash generation. Net debt reduced by $4 billion to $75 billion during 2020.
? Exceeded cash preservation targets set in March 2020:
? Cash capex decisively reduced to $18 billion in 2020, from $24 billion in 2019, against a target of $20 billion or lower.
? Underlying opex of $33 billion in 2020, down by $4 billion, from $37 billion in 2019, against a reduction target of $3 to $4
billion.
? The Board expects that the first quarter 2021 interim dividend will be US$0.1735 per share, an increase of ~4% over the US
dollar dividend for the fourth quarter 2020.

zie meer op
https://www.shell.com/investors/results-and-reporting/quarterly-results/2020/q4-2020/_jcr_content/par/toptasks_1119141760_.stream/1612367464249/a7a56513b2e96a30d6005beb242c66adb528e640/q4-2020-quarterly-press-release.pdf

Dividend announcement
Royal Dutch Shell plc fourth quarter 2020 interim dividend
February 4, 2021
The Board of Royal Dutch Shell plc (“RDS” or the “Company”) today announced an interim dividend in respect of the fourth quarter of 2020 of US$ 0.1665 per A ordinary share (“A Share”) and B ordinary share (“B Share”).

The Board expects that the first quarter 2021 interim dividend will be set at US$ 0.1735 per share, an increase of around 4% over the US dollar dividend for the fourth quarter 2020. The first quarter 2021 interim dividend is scheduled to be announced on April 29, 2021.


Details relating to the fourth quarter 2020 interim dividend
It is expected that cash dividends on the B Shares will be paid via the Dividend Access Mechanism and will have a UK source for UK and Dutch tax purposes.

Per ordinary share Q4 2020
RDS A shares (US$) 0.1665
RDS B shares (US$) 0.1665
Cash dividends on A Shares will be paid, by default, in euros, although holders of A Shares will be able to elect to receive dividends in US dollars or pounds sterling.

Cash dividends on B Shares will be paid, by default, in pounds sterling, although holders of B Shares will be able to elect to receive dividends in US dollars or euros.

The pound sterling and euro equivalent dividend payments will be announced on March 15, 2021.


Per ADS Q4 2020
RDS A ADSs (US$) 0.333
RDS B ADSs (US$) 0.333
Cash dividends on American Depository Shares (“ADSs”) will be paid, by default, in US dollars.

RDS A and B ADSs are listed on the New York Stock Exchange under the symbols RDS.A and RDS.B, respectively. Each ADS represents two ordinary shares, two A Shares in the case of RDS.A or two B Shares in the case of RDS.B. ADSs are evidenced by an American Depositary Receipt (ADR) certificate. In many cases the terms ADR and ADS are used interchangeably.


Shell has introduced option to receive dividend in US dollars and moved to full electronic settlement of its dividends
On December 18, 2019, Shell announced the introduction of US dollar as additional currency election and highlighted that its dividend will be settled with its shareholders fully electronically either in CREST or via interbank transfers. The announcement provided an overview of the actions needed by shareholders to ensure they continue to receive their dividends. Please refer to the announcement of December 18, 2019 for further information: Shell introduces option to receive dividend in US dollars and moves to full electronic settlement of its dividends


Dividend timetable for the fourth quarter 2020 interim dividend
Event Date
Announcement date February 4, 2021
Ex- Dividend Date for ADS.A and ADS.B February 18, 2021
Ex- Dividend Date for RDS A and RDS B
February 18, 2021
Record date February 19, 2021
Closing of currency election date (see Note below) March 5, 2021
Pounds sterling and euro equivalents announcement date March 15, 2021
Payment date March 29, 2021
Note
A different currency election date may apply to shareholders holding shares in a securities account with a bank or financial institution ultimately holding through Euroclear Nederland. This may also apply to other shareholders who do not hold their shares either directly on the Register of Members or in the corporate sponsored nominee arrangement. Shareholders can contact their broker, financial intermediary, bank or financial institution for the election deadline that applies.


Taxation - cash dividends
Cash dividends on A Shares will be subject to the deduction of Dutch dividend withholding tax at the rate of 15%, which may be reduced in certain circumstances. Non-Dutch resident shareholders, depending on their particular circumstances, may be entitled to a full or partial refund of Dutch dividend withholding tax.

If you are uncertain as to the tax treatment of any dividends you should consult your tax advisor.


Dividend Reinvestment Programmes (“DRIP”)
The following organisations operate Dividend Reinvestment Plans (“DRIPs”) which enable RDS shareholders to elect to have their dividend payments used to purchase RDS shares of the same class as those already held by them:

Equiniti Financial Services Limited (“EFSL”), for those holding shares (a) directly on the register as certificate holder or as CREST Member and (b) via the Nominee Service;
ABN-AMRO NV (“ABN”) for Financial Intermediaries holding ‘A’ shares or ‘B’ shares via Euroclear Nederland;
“JPMorgan Chase Bank, N.A.” for holders of ‘A’ and ‘B’ American Depository Shares; and
Other DRIPs may also be available from the intermediary through which investors hold their shares.
Such organisations provide their DRIPs fully on their account and not on behalf of Royal Dutch Shell plc. Interested parties should contact DRIP Offerors directly.

More information can be found at https://www.shell.com/drip.

To be eligible for the next dividend, shareholders must make a valid dividend reinvestment election before the published date for the close of elections.

Royal Dutch Shell plc