GlobeNewswire Inc | Mar 11, 2021 03:10AM EST

March 11, 2021

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES IN ACCORDANCE WITH THE REQUIREMENTS OF THE EU AND UK MARKET ABUSE REGIMES

March 11, 2021

Royal Dutch Shell plc (the Company) announces that on February 12, 2021, Bram Schot, a Person Discharging Managerial Responsibilities (PDMR) has carried out the following transactions:

-- purchased 2,500 certificates Royal Dutch Shell A Turbo Long 8,2 BNP Paribas Markets (ISIN: NL0009558519). These certificates are cash settlement instruments the value of which is linked to the share price of the Companys A ordinary shares with a nominal value of 0.07 each (RDSA Shares). In this case, the ratio of the turbo is 1:1 and accordingly 2,500 certificates represent 2,500 RDS A shares. As at March 10, 2021, the leverage is 1.69 but fluctuates depending on the share price. If the share price increases, the leverage will decrease. The finance level is 7.57 and the stop loss level is 8.2. The finance level is adjusted on the 15th of every month. Finance costs are 1.44% on an annual basis;

-- purchased 50 Leonteq Express Euro Denominated Certificates on ING, Royal Dutch Shell, Unilever (ISIN: CH0470808913), with a nominal value of 1,000 each. These certificates are cash settlement instruments of which payment of a conditional coupon depends for 1/3 on the development of the price of the RDSA A Shares on Euronext Amsterdam and, as such, is a financial instrument linked to the RDSA A Shares.

1. Details of the person discharging managerial responsibilities/person closelyassociatedFirst Name(s) BramLast Name(s) Schot2. Reason for the notificationPosition/status Non-executive DirectorInitial notification/ Initial notificationamendments3. Details of the issuer, emission allowance market participant, auctionplatform, auctioneer or auction monitorFull name of the Royal Dutch Shell plcentityLegal Entity 21380068P1DRHMJ8KU70Identifier code4. Details of the transaction(s) section to be repeated for (i) each type ofinstrument, (ii) each type of transaction, (iii) each date, (iv) each placewhere transactions have been conductedDescription of the Certificates Royal Dutch Shell A Turbo Long 8,2 BNPfinancial instrument Paribas Markets; a financial instrument linked to RDSA A SharesIdentification Code NL0009558519Nature of the Purchase of Certificates Royal Dutch Shell A Turbo Longtransaction 8,2 BNP Paribas Markets (ISIN: NL0009558519).Currency EURPrice ?7.69Volume 2,500Total ?19,225Aggregated information

2,500 ?7.69Volume ?19,225PriceTotal Date of transaction February 12, 2021Place of transaction Euronext Amsterdam

4. Details of the transaction(s) section to be repeated for (i) each type ofinstrument, (ii) each type of transaction, (iii) each date, (iv) each placewhere transactions have been conductedDescription of Leonteq Express Euro Denominated Certificates on ING, Royalthe financial Dutch Shell, Unilever with a nominal value of ?1,000 each; ainstrument financial instrument linked to RDSA A SharesIdentification CH0470808913CodeNature of the Purchase of Leonteq Express Euro Denominated Certificates ontransaction ING, Royal Dutch Shell, Unilever (ISIN: CH0470808913), with a nominal value of ?1,000 each.Currency EURPrice ?715 Volume 50 (with a nominal value of ?1,000 each)Total ?35,750Aggregatedinformation

50 (with a nominal value of ?1,000 each) ?715 Volume ?35,750PriceTotalDate of February 12, 2021transactionPlace of Outside of trading venuetransaction

Notes to editor:

With a turbo long, there is a finance-level and a stop loss-level. If the underlying share price drops below the stop loss-level, the turbo long is terminated. The investor then receives the value of the difference between the finance-level and the level on which the counterparty, in this case BNP Paribas, can close the turbo. Take for example a turbo with a stop loss-level of 10 and a finance-level of 8. When the underlying share price drops below 10, which is the stop loss-level, the buyer will still receive the amount 10-8=2. However, when the shareprice would suddenly drop to 8 or below, the buyer will receive nothing and the total investment is lost. In most cases however, the turbo would be terminated at the stop loss-level, and the buyer receives the amount of the difference between the finance-level and the stop loss-level. The actual amount will be determined by BNP.

Anthony Clarke Deputy Company Secretary

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