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News and Media Releases

New Research Agreements

17/09/2008

Shell Announces Six New Biofuels Research Agreements. Part of a growing program of agreements designed to complement Shell’s own biofuels research and development, and to accelerate results.

biofuels testing equipment

Royal Dutch Shell plc (“Shell”) today highlighted its approach to biofuels innovation, announcing six new research agreements with experts in academic institutions across the world. They are part of a growing program of agreements designed to complement Shell’s own biofuels research and development, and to accelerate results.

The research program investigates new raw materials and new biofuels production processes, with a focus on improving efficiencies and lowering costs. The research agreements will last between two and five years.

They are with:

The Massachusetts Institute of Technology (MIT), Massachusetts, US; the University of Campinas (Unicamp), Sao Paulo, Brazil; the Institute of Microbiology, Chinese Academy of Sciences (IMCAS), Beijing, China; the Qingdao Institute of Bioenergy and Bioprocess Technology, Chinese Academy of Sciences (QIBEBT), Qingdao, China; the Centre of Excellence for Biocatalysis, Biotransformations and Biocatalytic Manufacture (CoEBio3) based at Manchester University, UK; and the School of BioSciences Exeter University, UK.

This announcement builds on Shell’s long heritage in biomass R&D, with continuous investment over thirty years. The dedicated biofuels research and technology team now works out of centres in: Thornton in Chester, UK; Westhollow in Houston, US; Amsterdam, Netherlands; and Bangalore, India.

Dr. Graeme Sweeney, Shell Executive Vice President Future Fuels and CO2 said, “Shell’s in-house biofuels R&D is longstanding, leading and globally coordinated. However, we know that adding to our knowledge through genuine and nimble partnerships with top experts worldwide will be critical to speed and success in the fast-moving area of biofuels. We have been working with some partners for a good while already but are delighted to announce these six collaborations today. We welcome both the injection of expertise and enthusiasm.”

Commenting on the collaboration, Professor Nick Turner, Director of CoEBio3 observed, “White biotechnology has traditionally been the preserve of the pharmaceutical and fine chemical industries but is poised to expand dramatically over the next few years. CoEBio3 is extremely excited at the prospect of working with Shell in this innovative programme to further existing techniques in the field and develop new, ground-breaking technology.”

The research agreements announced today also complement Shell’s partnerships with five companies working on commercial application of new biofuels technologies. Taken together, all of thesecollaborations support Shell’s drive to develop sustainable biofuels to help address the world’s need for more energy and less CO2.

Royal Dutch Shell plc is incorporated in England and Wales, has its headquarters in The Hague and is listed on the London, Amsterdam and New York stock exchanges.

Shell companies have operations in more than 110 countries and territories, with businesses including: oil and gas exploration; production and marketing of liquefied natural gas and gas to liquids; marketing and shipping of oil products and chemicals; and renewable energy projects including wind, solar and biofuels.

www.shell.com/aboutshell

Notes to Editors

Royal Dutch Shell plc is working to meet government mandates for biofuel and, with its experience, expertise and assets, has become the world’s largest distributor of biofuels. The company is working with biofuel manufacturers to secure cost-effective supply and press for social and environmental safeguards. A constraint on the potential of conventional biofuels is that they use food crops. Shell is a leader in the development of next generation biofuels, using non-food bio materials, alternative processes and high performance fuels.

Shell’s global biofuels program also includes collaborations with Choren (on production on BTL), Codexis (on enzyme conversion) and Virent (on development of biogasoline), as well as a joint venture called Cellana (development of marine algae for vegetable oil).

INQUIRIES:

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Disclaimer statement:

This announcement contains forward-looking statements concerning the financial condition, results of operations and businesses of Royal Dutch Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management’s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements.

Forward-looking statements include, among other things, statements concerning the potential exposure of Royal Dutch Shell to market risks and statements expressing management’s expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as ‘‘anticipate’’, ‘‘believe’’, ‘‘could’’, ‘‘estimate’’, ‘‘expect’’, ‘‘intend’’, ‘‘may’’, ‘‘plan’’, ‘‘objectives’’, ‘‘outlook’’, ‘‘probably’’, ‘‘project’’, ‘‘will’’, ‘‘seek’’, ‘‘target’’, ‘‘risks’’, ‘‘goals’’, ‘‘should’’ and similar terms and phrases.

There are a number of factors that could affect the future operations of Royal Dutch Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this Report, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for the Group’s products; (c) currency fluctuations; (d) drilling and production results; (e) reserve estimates; (f) loss of market and industry competition; (g) environmental and physical risks;

(h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, fiscal and regulatory developments including potential litigation and regulatory effects arising from recategorisation of reserves; (k) economic and financial market conditions in various countries and regions; (l) political risks, project delay or advancement, approvals and cost estimates; and (m) changes in trading conditions.

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