SPDC COMPLETES SALE OF OIL MINING LEASE 29 AND NEMBE CREEK TRUNK LINE IN
NIGERIA

The Hague, 25 March 2015. The Shell Petroleum Development Company of Nigeria
Limited (SPDC), a subsidiary of Royal Dutch Shell plc (Shell), has completed
the assignment of its interest in oil mining lease (OML) 29 and the Nembe Creek
Trunk Line (OML29 and NCTL) and related facilities in the Eastern Niger Delta.
Its interests in OML29 and the Nembe Creek Trunk Line were assigned to Aiteo
Eastern E&P Company Limited. Total cash proceeds for Shell amount to some $1.7
billion.

This divestment is part of the strategic review of SPDC's onshore portfolio and
is in line with the Federal Government of Nigeria's aim of developing Nigerian
companies in the country's upstream oil and gas business.

Shell has been in Nigeria for more than 50 years and remains committed to
keeping a long-term presence there - both onshore and offshore. Through SPDC
and its other Nigerian companies, Shell responsibly produces the oil and gas
needed to help fuel the economic and industrial growth that generates wealth
for the nation and jobs for Nigerians.

OML29 covers an area of 983 square kilometres and includes the Nembe, Santa
Barbara and Okoroba fields and related facilities. The Nembe Creek Trunk Line
is 100 kilometres long and has a capacity of 600 thousand barrels per day. It
was commissioned in 2010 and evacuates crude to the Bonny Crude Oil Terminal
(BCOT). BCOT is not part of the transaction and will remain owned & operated by
the SPDC JV. The divested infrastructure includes flow stations together with
associated gas infrastructure plus oil and gas pipelines within the OML. The
divested fields produced on average around 43,000 barrels of oil equivalent per
day (100%) during 2014.

Total E&P Nigeria Limited and Nigerian Agip Oil Company Limited have also
assigned their interests of 10% and 5% respectively in the lease, ultimately
giving Aiteo Eastern E&P Company Limited a 45% interest in OML29 and the Nembe
Creek Trunk Line.

All approvals have been received from the relevant authorities of the Federal
Government of Nigeria.

Notes to editors:

SPDC is the operator of a joint venture between the Nigerian National Petroleum
Corporation (55%), SPDC (30%), Total E&P Nigeria Limited (10%) and Nigerian
Agip Oil Company Limited (5%).

Enquiries:

Shell International Media Relations: +44 (0) 20 7934 5550

Shell Americas Media Relations: +1 713 241 4544

Shell International Investor Relations: + 31 (0) 70 377 4540

Shell North America Investor Relations: +1 832 337 2034

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