Shell Energy business-to-business brand expands across the US

HOUSTON, Oct. 6, 2021 /PRNewswire/ -- MP2 Energy, LLC ¹ , along with other affiliate entities², will now go to market for commercial customers in the U.S. as Shell Energy, in a move demonstrating strong customer focus and signaling the strength of one energy brand dedicated to serving customers' complete energy transition needs. The Shell Energy brand will encompass the customer-facing elements under which affiliates market wholesale and retail power, natural gas and environmental products, demand response, asset management, and energy solution sales to commercial and industrial customers.

Under the rebrand, MP2 Energy and other affiliates' existing customer contracts will not change. Shell Energy provides a comprehensive suite of integrated energy solutions – from one supplier. These integrated solutions allow Shell Energy to create tailored energy roadmaps based on business' individual needs. Existing and prospective customers will also benefit from direct access to Shell's global expertise, supported by one of the industry's largest energy trading operations.

"Integrating our energy offers under one brand is a positive step as we work to support our customers' decarbonization goals," said Glenn Wright, Vice President of Renewables and Energy Solutions for Shell in the Americas. "Our customers expect a certain level of expertise and support and providing them a consistent and recognizable brand offering allows us to build on the heritage of customer service and energy expertise that we've brought to the market for more than 20 years."

Electricity is the fastest-growing part of the energy system and, when generated from renewable sources, has a big role to play in reducing greenhouse gas emissions. Shell Energy is working to build momentum in the energy transition by providing more and cleaner energy solutions to commercial customers across a portfolio of gas, power, and environmental products. Shell Energy is supporting the evolving energy needs of commercial customers, helping them navigate their business challenges.

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Notes to editors

• Residential energy customers of MP2 Energy, LLC and other Shell affiliates are not impacted by this rebrand of those entities; only commercial business customers will see a change in the brand.

• For more than 10 years, Shell has ranked in the top 3 power and gas wholesalers in the US and Canada.

• MP2 Energy and Shell Energy operating in the western US combined have ranked in the top 10 non- residential energy retailers in the US.* * Wholesale rankings according to Platts' Gas & Power Rankings 2021; Retail rankings according to DNV GL 2020 Market Share Landscape report

• Shell Energy offers a mix of power, gas, and renewable products that allow businesses to make bundled purchase agreements that are custom fit to their power needs and carbon goals.

• Shell Energy delivers service with a deep commitment to offer customers maximum value and cleaner, integrated solutions that meet their evolving energy needs.

• Shell Energy offers solutions across the entire energy value chain, and customers can lean on its scale, resources, and expert guidance to understand the full energy picture. – Progress starts with better energy management. Shell Energy's comprehensive behind-the-meter energy solutions help customers manage their energy usage and help meet their sustainability goals. – Customers can look to Shell Energy to deliver more and cleaner energy. That means they can depend on 1their power supply for critical infrastructure with renewable options tailored to their organization's goals.

Cautionary note

The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate legal entities. In this press release "Shell", "Shell Group" and "Group" are sometimes used for convenience where references are made to Royal Dutch Shell plc and its subsidiaries in general. Likewise, the words "we", "us" and "our" are also used to refer to Royal Dutch 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 press release refer to entities over which Royal Dutch Shell plc either directly or indirectly has control. Entities and unincorporated arrangements over which Shell has joint control are generally referred to as "joint ventures" and "joint operations", respectively. Entities over which Shell has significant influence but neither control nor joint control are referred to as "associates". 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.

This press release 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 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 "aim", "ambition", ''anticipate'', ''believe'', ''could'', ''estimate'', ''expect'', ''goals'', ''intend'', ''may'', ''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 Royal Dutch Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this press release, 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, 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; 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 press release 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 Royal Dutch Shell's Form 20-F for the year ended December 31, 2020 (available at www.shell.com/investor and www.sec.gov). These risk factors also expressly qualify all: ; forward-looking statements contained in this press release and should be considered by the reader. Each forward-looking statement speaks only as of the date of this press release, October 6, 2021. Neither Royal Dutch 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 press release.

We may have used certain terms, such as resources, in this press release 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.

1. *MP2 Energy, d/b/a Shell Energy Solutions is a wholly owned subsidiary of Shell Energy North America (US) L.P.

2. Shell Energy North America (US) L.P. ("SENA") and MP2 Energy LLC d/b/a Shell Energy Solutions ("Shell Energy Solutions")