Press Release

Shell Makes Alaska Bid

26/10/2005

Shell Exploration & Production Company is pleased to announce that Shell Offshore Inc. is the apparent high bidder on all 33 blocks on which it bid in the Alaska Peninsula Oil and Gas Lease Sale, held in Anchorage on Oct. 26, 2005. Shell exposed nearly $1 million.

Upon acceptance of these bids by the Alaska Department of Natural Resources, Shell will move into an evaluation phase for these leases. 

“We are pleased with the outcome of today’s sale, which allows us to build a position in Bristol Bay," said Annell Bay, Regional Vice President for Exploration in the Americas.  “We believe the area has significant natural gas potential, however, we understand some residents have concerns regarding oil and gas exploration and development. 

"Therefore, we support an active consultation and community outreach process to help us learn more about these concerns and find solutions together.  We fully intend to continue to meet with and ask for input from stakeholders in the area.”   

Shell also acquired 84 leases in the Beaufort Sea during the March 2005 Outer Continental Shelf Lease Sale 195.  Building an Alaska portfolio is part of Shell’s increased focus on more upstream. 

“Alaska holds the potential to yield the large hydrocarbon discoveries needed to become a new core area for Shell, to build Shell’s reserves and to help provide future energy resources for America’s growing demand,” said Chandler Wilhelm, Alaska Exploration Manager.  “We also are committed to developing long-term and sustainable relationships with the state of Alaska and its residents.”

For more information about Shell's activities, visit our web site: www.shell.com/us/sepco.

Disclaimer statement

This announcement contains forward-looking statements, that are subject to risk factors associated with the oil, gas, power, chemicals and renewables business.

It is believed that the expectations reflected in these statements are reasonable, but may be affected by a variety of variables which could cause actual results, trends or reserves replacement to differ materially, including, but not limited to:

price fluctuations, actual demand, currency fluctuations, drilling and production results, reserve estimates, loss of market, industry competition, environmental risks, physical risks, risks associated with the identification of suitable potential acquisition properties and targets and the successful negotiation and consummation of transactions, the risk of doing business in developing countries, legislative, fiscal and regulatory developments including potential litigation and regulatory effects arising from recategorization of reserves, economic and financial market conditions in various countries and regions, political risks, project delay or advancement, approvals and cost estimates.

Please refer to the Annual Report on Form 20-F for the year ended December 31, 2004 (as amended) for a description of certain important factors, risks and uncertainties that may affect the Shell Group's businesses.

Neither Royal Dutch Shell plc nor any member of the Shell Group undertakes any obligation to publicly update or revise any of these forward-looking statements, whether to reflect new information, future events or other information.

Cautionary Note to US Investors:

The United States Securities and Exchange Commission ('SEC') permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use certain terms in this presentation, such as "expected producible resources" and "amount of reserves we expect to produce", that the SEC's guidelines strictly prohibit us from including in filings with the SEC.