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nieuwsbank.nl: Shell and Coller Capital in new technology funding partnership

Royal Dutch Shell today announced the sale of 45% of the newly created Shell Technology Ventures Fund 1 BV, an independent energy technology fund, to Coller Capital, a leading global investor in private equity secondaries and corporate venture assets. Shell will remain the majority shareholder in the fund.

The new fund will consist of Shell Technology Ventures’ existing portfolio of 34 technology investments, including investments in Enventure Global Technology LLC, Well Dynamics B.V., Swellfix B.V. The fund will be independently managed and will focus on investing in Shell and third party Exploration and Production technologies. The fund will not include Shell proprietary technologies developed for exclusive use in Shell’s own operations and joint ventures.

Matthias Bichsel, Executive Vice President, Technical in Shell, said: “The creation of Shell Technology Ventures Fund 1 reflects a continuing focus on ensuring that non-proprietary Shell technologies can be developed and commercialised rapidly to maximise both value, and capital efficiency. The fund will enable us to accelerate deployment of promising technologies across our portfolio.”

Jeremy Coller, Chief Executive Officer of Coller Capital, said: “Many investors consciously avoid venture capital, but we have always been enthusiasts and have created fruitful partnerships with many of the world’s leading technology players. Shell has an outstanding, globally recognized, R&D capability and we believe that, through this joint venture, we will be able to help them strengthen their lead in technologies for the energy sector.”

Notes to editors

Shell Technology Ventures invests in companies developing innovative technologies for the oil and gas industry. The company funds and works with entrepreneurs to turn prototypes into field-hardened novel products and services, and to accelerate their introduction into the industry.

Coller Capital is the leading global investor in private equity secondaries and corporate venture assets. The firm, founded in 1990, has approximately $8 billion under management. It has positions in more than 230 private equity funds and stakes in over 2300 private companies worldwide, investing from $10 million to $1 billion plus in individual transactions.

The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate entities. In the announcement the expressions “Shell”, “Group” and “Shell Group” are sometimes used for convenience where references are made to Group companies in general. Likewise the words “we”, “us” and “our” also used to refer to Group companies in general or those who work for them. These expressions are also used where there is no purpose in identifying specific companies.

Disclaimer Statement

This document 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. All forward-looking statements contained in this document are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Each forward-looking statement speaks only as of the date of this presentation. Neither Royal Dutch Shell nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this document.

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 “oil in place” that the SEC’s guidelines strictly prohibit us from including in filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575 and disclosure in our Forms 6-K file No, 1-32575, available on the SEC website: www.sec.gov – opens in new window. You can also obtain these forms from the SEC by calling 1-800-SEC-0330.

30/03/2007

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