Transaction in Own Shares

Rhea-AI Summary

Shell (SHEL) purchased shares for cancellation on 9 October 2025 as part of its ongoing buy-back programme announced 31 July 2025. The Company bought a total of 1,556,976 shares across multiple trading venues: LSE, Chi-X, BATS, XAMS and CBOE DXE, in GBP and EUR. Volume-weighted average prices by venue ranged around £27.81 and €32.13. HSBC Bank plc will make trading decisions independently for the programme from 31 July 2025 up to and including 24 October 2025. Purchases were made under the Company’s on- and off-market authorities and conducted in accordance with UK MAR and EU MAR rules.

Positive

• Total of 1,556,976 shares purchased for cancellation on 09/10/2025
• Buy-back executed across 5 trading venues in GBP and EUR
• VWAPs reported near £27.81 and €32.13
• HSBC appointed to trade independently through 24 October 2025

Negative

• None.

Insights

Equity Capital Markets Analyst

Shell executed additional purchases under its buy‑back programme, reducing share count and returning cash to shareholders.

The Company bought blocks on multiple venues totaling 1,557, (sum) shares across LSE, CXE, BXE, XAMS and CBOE DXE at volume‑weighted average prices around £27.81 and €32.13, and cancelled them under the existing programme. This action reduces outstanding share count and concentrates earnings per remaining share, which typically supports per‑share metrics without changing cash spent.

Key dependencies and risks include the remaining cash capacity of the buyback programme and the timeframe for completion; HSBC Bank plc is trading independently through 24 October 2025. Watch the aggregate shares repurchased under the programme and any disclosures of total authorisation remaining; near‑term stock metrics will reflect cancelled volume but broader capital allocation effects require the programme's full size and duration.

Transaction in Own Shares   

9 October, 2025

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 9 October, 2025 it purchased the following number of Shares for cancellation.

Aggregated information on Shares purchased according to trading venue:

Date of purchase	Number of Shares purchased	Highest price paid	Lowest price paid	Volume weighted average price paid per share	Venue	Currency
09/10/2025	330,074	£27.9950	£27.6850	£27.8133	LSE	GBP
09/10/2025	179,440	£28.0100	£27.6850	£27.8119	Chi-X (CXE)	GBP
09/10/2025	267,462	£27.9950	£27.6850	£27.8086	BATS (BXE)	GBP
09/10/2025	401,316	€32.3300	€31.9800	€32.1309	XAMS	EUR
09/10/2025	378,684	€32.3450	€31.9800	€32.1241	CBOE DXE	EUR
09/10/2025	-	-	-	-	TQEX	EUR

These share purchases form part of the on- and off-market limbs of the Company's existing share buy-back programme previously announced on 31 July 2025.

In respect of this programme, HSBC Bank plc will make trading decisions in relation to the securities independently of the Company for a period from 31 July 2025 up to and including 24 October 2025.

The on-market limb will be effected within certain pre-set parameters and in accordance with the Company’s general authority to repurchase shares on-market. The off-market limb will be effected in accordance with the Company’s general authority to repurchase shares off-market pursuant to the off-market buyback contract approved by its shareholders and the pre-set parameters set out therein. The programme will be conducted in accordance with Chapter 9 of the UK Listing Rules and Article 5 of the Market Abuse Regulation 596/2014/EU dealing with buy-back programmes (“EU MAR”) and EU MAR as “onshored” into UK law from the end of the Brexit transition period (at 11:00 pm on 31 December 2020) through the European Union (Withdrawal) Act 2018 (as amended by the European Union (Withdrawal Agreement) Act 2020), and as amended, supplemented, restated, novated, substituted or replaced by the Financial Services Act, 2021 and relevant statutory instruments (including, The Market Abuse (Amendment) (EU Exit) Regulations (SI 2019/310)), from time to time (“UK MAR”) and the Commission Delegated Regulation (EU) 2016/1052 (the “EU MAR Delegated Regulation”) and the EU MAR Delegated Regulation as “onshored” into UK law from the end of the Brexit transition period (at 11:00 pm on 31 December 2020) through the European Union (Withdrawal) Act 2018 (as amended by the European Union (Withdrawal Agreement) Act 2020), and as amended, supplemented, restated, novated, substituted or replaced by the Financial Services Act, 2021 and relevant statutory instruments (including, The Market Abuse (Amendment) (EU Exit) Regulations (SI 2019/310)), from time to time.

In accordance with EU MAR and UK MAR, a breakdown of the individual trades made by HSBC Bank plc on behalf of the Company as a part of the buy-back programme is detailed below.

Enquiries

Media: International +44 (0) 207 934 5550; U.S. and Canada: https://www.shell.us/about-us/news-and-insights/media/submit-an-inquiry.html

LEI number of Shell plc: 21380068P1DRHMJ8KU70

Classification: Acquisition or disposal of the issuer’s own shares

Attachment

• Shell RNS (Extended) 20251009

FAQ

How many Shell (SHEL) shares were repurchased on 9 October 2025?

Shell repurchased a total of 1,556,976 shares for cancellation on 9 October 2025.

What venues and currencies were used for Shell's 9 October 2025 buy-back (SHEL)?

Trades were executed on LSE, Chi-X, BATS, XAMS and CBOE DXE in GBP and EUR.

What were the approximate VWAPs for Shell (SHEL) purchases on 9 October 2025?

Reported volume-weighted average prices were about £27.81 (GBP venues) and €32.13 (EUR venues).

Is the 9 October 2025 purchase part of an ongoing Shell (SHEL) buy-back programme?

Yes. The purchases form part of Shell's on- and off-market buy-back programme announced on 31 July 2025.

Who managed trading for Shell's (SHEL) buy-back and until when?

HSBC Bank plc made trading decisions independently on behalf of Shell from 31 July 2025 up to and including 24 October 2025.

Under which rules was Shell's (SHEL) buy-back conducted?

The programme was conducted in accordance with UK MAR and EU MAR (as onshored into UK law) and relevant delegated regulations.