Shell Unleashes Explosive Power with an Exciting Year-End Campaign to Ignite the Passion of Ferrari Fans. Enter for a Chance to Win Exclusive Signed Memorabilia from Two World-Class Formula 1 Drivers

Shell is closing the year with an exhilarating campaign, offering fans an adrenaline-fueled experience that brings them closer to the excitement of a Formula 1 racetrack. With Shell V-Power, customers can enjoy driving with more power and faster acceleration safely, capturing the thrill of world-class motorsport. Lucky fans have a chance to win exclusive, signed memorabilia from Scuderia Ferrari’s top drivers, Charles Leclerc and Carlos Sainz! To join, simply become a Shell GO+ member and fuel up with Shell V-Power Gasohol 95 or
Shell V-Power Diesel, spending at least 900 baht per receipt. Get ready to be one of the lucky winners at any participating Shell stations from November 1, 2024, to January 31, 2025.

Mr. Omar Sheikh, Executive Director of the Mobility Business at The Shell Company of Thailand Limited, said, “Shell and Scuderia Ferrari have been longtime partners for over 70 years, collaborating to develop fuel innovations like Shell V-Power. Our premium fuel, with 99% of the same high-quality properties as the Shell V-Power Race Fuel used on the track, is available here in Thailand. As we celebrate the end of the year and welcome 2025, Shell is delighted to offer an exclusive gift to our customers who share a passion for Ferrari’s speed and power, an experience that brings the thrill of a world-class racetrack to all road users in their everyday life.”

Get your chance to win exclusive prizes today! Simply become a Shell GO+ member and fill up with Shell V-Power Gasohol 95 or Shell V-Power Diesel, spending a total of 900 baht per receipt. The more you fuel up, the greater your chances! Enter for a chance to win from 300 prizes worth over 2.3 million baht, featuring exclusive items signed by legendary Formula 1 drivers Charles Leclerc and Carlos Sainz.

Enjoy driving with more power and faster acceleration safely with Shell V-Power. Win 100 prizes every month with exclusive items available only at Shell. Three grand prizes await each month: win a Scuderia Ferrari shirt, Scuderia Ferrari SPTWR cap, or Ferrari SPTWR Race BB cap signed by the Scuderia Ferrari team, along with other premium Ferrari items in a complete set.

“Ferrari fans don’t miss out! The more you fill up, the more chances you have to win. Not only will you enjoy premium fuel, but you’ll also have a shot at exclusive prizes available only at Shell. Shell is committed to delivering top-quality fuel to its valued customers, making every journey more enjoyable and continually advancing fuel quality to meet the needs of drivers,” concluded Mr. Omar.

For more details on the promotion, visit: https://www.shell.co.th/th_th/customer/shell-go-plus.html.

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Cautionary Note

The companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this announcement “Shell”, “Shell Group” and “Group” are sometimes used for convenience where references are made to Shell plc and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to Shell plc and its subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. “Subsidiaries”, “Shell subsidiaries” and “Shell companies” as used in this announcement refer to entities over which Shell plc either directly or indirectly has control. The term “joint venture”, “joint operations”, “joint arrangements”, and “associates” may also be used to refer to a commercial arrangement in which Shell has a direct or indirect ownership interest with one or more parties. The term “Shell interest” is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest.

Forward-Looking Statements

This announcement contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of 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 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 “aim”, “ambition”, “anticipate”, “believe”, “could”, “estimate”, “expect”, “goals”, “intend”, “may”, “milestones”, “objectives”, “outlook”, “plan”, “probably”, “project”, “risks”, “schedule”, “seek”, “should”, “target”, “will” and similar terms and phrases. There are a number of factors that could affect the future operations of Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this announcement, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell’s products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share 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, judicial, fiscal and regulatory developments including regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; (m) risks associated with the impact of pandemics, such as the COVID-19 (coronavirus) outbreak, regional conflicts, such as Russia’s invasion of Ukraine, and a significant cybersecurity breach; and (n) changes in trading conditions. No assurance is provided that future dividend payments will match or exceed previous dividend payments. All forward-looking statements contained in this announcement 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. Additional risk factors that may affect future results are contained in Shell plc’s Form 20-F for the year ended December 31, 2023 (available at www.shell.com/investors/news-and-filings/sec-filings.html and www.sec.gov) These risk factors also expressly qualify all forward-looking statements contained in this announcement and should be considered by the reader. Each forward-looking statement speaks only as of the date of this announcement, 18 November 2024. Neither Shell plc 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 announcement.

Shell’s Net Carbon Intensity

Also, in this announcement we may refer to Shell’s “net carbon intensity”, which includes Shell’s carbon emissions from the production of our energy products, our suppliers’ carbon emissions in supplying energy for that production and our customers’ carbon emissions associated with their use of the energy products we sell. Shell only controls its own emissions. The use of the term Shell’s “net carbon intensity” is for convenience only and not intended to suggest these emissions are those of Shell plc or its subsidiaries.

Shell’s Net-Zero Emissions Target

Shell’s operating plan, outlook and budgets are forecasted for a ten-year period and are updated every year. They reflect the current economic environment and what we can reasonably expect to see over the next ten years. Accordingly, they reflect our Scope 1, Scope 2 and Net Carbon Intensity (NCI) targets over the next ten years. However, Shell’s operating plans cannot reflect our 2050 net-zero emissions target, as this target is currently outside our planning period. In the future, as society moves towards net-zero emissions, we expect Shell’s operating plans to reflect this movement. However, if society is not net zero in 2050, as of today, there would be significant risk that Shell may not meet this target.

Forward-Looking Non-GAAP measures

This announcement may contain certain forward-looking non-GAAP measures such as cash capital expenditure and divestments. We are unable to provide a reconciliation of these forward-looking non-GAAP measures to the most comparable GAAP financial measures because certain information needed to reconcile those non-GAAP measures to the most comparable GAAP financial measures is dependent on future events some of which are outside the control of Shell, such as oil and gas prices, interest rates and exchange rates. Moreover, estimating such GAAP measures with the required precision necessary to provide a meaningful reconciliation is extremely difficult and could not be accomplished without unreasonable effort. Non-GAAP measures in respect of future periods which cannot be reconciled to the most comparable GAAP financial measure are calculated in a manner which is consistent with the accounting policies applied in Shell plc’s consolidated financial statements.

The contents of websites referred to in this announcement do not form part of this announcement.

We may have used certain terms, such as resources, in this announcement that the United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website www.sec.gov.