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Shell Thailand Wins the National Health Assembly Award, Reinforcing the Highest Safety Standards and Advancing an Asbestos-Free Thai Society for a Sustainable Future

Bangkok - The Shell Company of Thailand Limited has been honoured with the “Outstanding Achievement in Driving National Health Assembly Resolutions” award by the National Health Commission Office (NHCO). This recognition reflects Shell’s corporate culture of prioritizing safety and health, while underscoring its systematic, transparent operations aligned with international standards to advance Thailand toward an asbestos-free society through concrete policy and operational actions.

Shell receives an award from the National Health Commission Office.
Shell receives an award from the National Health Commission Office.
This award demonstrates Shell’s commitment to the highest standards of safety and well-being for its workforce and communities.
This award demonstrates Shell’s commitment to the highest standards of safety and well-being for its workforce and communities.

According to data from the World Health Organization (WHO) and the International Labour Organization (ILO), all types of asbestos are classified as human carcinogens with no safe level of exposure. While many countries, including Thailand, have restricted certain types of asbestos due to long-term health risks, a multi-sectoral effort is underway to terminate the use of all asbestos types in favour of safe substitutes, and  to strictly control exposure during maintenance and demolition activities.

As Thailand's first oil company with a 134-year legacy, Shell prioritizes Health, Safety, Security, and the Environment (HSSE) at every stage of its operations. In alignment with national health goals, Shell has implemented a multi-year programme to remove and replace asbestos-containing materials (ACM). Key actions include replacing asbestos roofing, and tank and pipe insulation at over 50 sites across Thailand with safe alternative materials. Furthermore, all asbestos-related work is carried out by specialized teams under stringent control measures along with continuous air quality monitoring throughout operations to safeguard the health of workers and surrounding communities.

Ms. Ornuthai Na Chiangmai, Country Chair, The Shell Company of Thailand Limited, stated, “We would like to express our gratitude to the National Health Assembly Committee for presenting us with this certificate of honour, recognizing our visible and successful effort  in implementing National Health Assembly resolutions. This award affirms Shell’s stronng commitment to achieving an asbestos-free society in Thailand. Received at the 18th National Health Assembly, this recognition is a source of pride for Shell Thailand and reinforces our intent to place the highest priority on the occupational health, safety, security, and environment of our people and communities. We remain dedicated to operating responsibly under international standards and collaborating with all sectors to support public policy development. By promoting transparent management practices that prioritize health and environmental safety, we aim to elevate Thai industrial standards and improve the quality of life for all citizens.”

Shell Thailand’s initiative represents more than just an internal enhancement  of health and safety standards; it underscore the private sector’s robust role in creating a tangibly better society. Shell remains committed to continuous operational improvement, rooted in the belief that prioritizing Health, Safety, Security, and Environment management will ensure a high quality of life for Thai society and serve as a vital foundation for Thailand's sustainable growth and development.

For media enquiries, please contact:

Sudarat Peetakanont
Deputy Executive Director Government
and Corporate Relations
The Shell Company of Thailand Limited
P: +66 2 262 7839
Email: sudarat.peetakanont@shell.com

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 to reference 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 terms “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’’; “aspire”, “aspiration”, ‘‘believe’’; “commit”; “commitment”; ‘‘could’’; “desire”; ‘‘estimate’’; ‘‘expect’’; ‘‘goals’’; ‘‘intend’’; ‘‘may’’; “milestones”; ‘‘objectives’’; ‘‘outlook’’; ‘‘plan’’; ‘‘probably’’; ‘‘project’’; ‘‘risks’’; “schedule”; ‘‘seek’’; ‘‘should’’; ‘‘target’’; “vision”; ‘‘will’’; “would” 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, including climate change; (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 tariffs and 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, regional conflicts, such as the Russia-Ukraine war and the conflict in the Middle East, and a significant cyber security, data privacy or IT incident; (n) the pace of the energy transition; and (o) 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 and amendment thereto for the year ended December 31, 2024 (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, 23 December 2025. 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” (NCI), 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’s NCI also includes the emissions associated with the production and use of energy products produced by others which Shell purchases for resale. Shell only controls its own emissions. The use of the terms Shell’s “net carbon intensity” or NCI 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 and outlook are forecasted for a three-year period and ten-year period, respectively, and are updated every year. They reflect the current economic environment and what we can reasonably expect to see over the next three and ten years. Accordingly, the outlook reflects our Scope 1, Scope 2 and NCI targets over the next ten years. However, Shell’s operating plan and outlook cannot reflect our 2050 net-zero emissions target, as this target is outside our planning period. Such future operating plans and outlooks could include changes to our portfolio, efficiency improvements and the use of carbon capture and storage and carbon credits. In the future, as society moves towards net- zero emissions, we expect Shell’s operating plans and outlooks 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 adjusted earnings 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.

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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 and any amendment thereto, File No 1-32575, available on the SEC website www.sec.gov

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