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Shell internal communication BG takeover

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14 December 2015

Dear colleagues

Earlier today, in advance of completion of the recommended combination with BG Group, Shell announced further details of the proposed operational and administrative restructuring under consideration to achieve the expected synergies and benefits of the deal. The announcement will be covered in the media – indeed some of you may have seen it already – however, as the UK is specifically mentioned, I wanted you to hear directly from the company, even though at this stage there really is no additional information we can give.

The expectation is that BG’s business would be integrated into Shell’s businesses. As part of that, Shell proposes that office consolidation will be undertaken where practical in certain locations around the world. For the UK this means that, following deal completion, Shell will undertake a comprehensive review of the office footprint during the course of 2016. At the same time, an overall potential reduction of approximately 2,800 roles globally across the combined group, or approximately 3% of the total combined group workforce, is also expected: this is in addition to the previously announced plans to reduce Shell’s headcount and contractor positions by 7,500 globally. You can read full details of the announcement by following this link

I realise that this announcement inevitably creates a degree of uncertainty however it is an unavoidable aspect of such deals. However, with further detailed work to be undertaken on the proposed restructuring as part of ongoing integration planning, it is too early to provide any further information or insights. If you have any questions or comments, please share these with your Line Manager. With the additional announcement that the deal has received unconditional merger clearance from the Chinese Ministry of Commerce (MOFCOM), marking the final pre-conditional approval required for the combination, the deal remains on track for completion in early 2016.

Erik

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