Transaction in Own Shares

Rhea-AI Summary

Shell (SHEL) purchased and cancelled a total of 1,469,390 shares on 05 November 2025 under its existing buy-back programme. Purchases were executed on the London Stock Exchange (736,608 shares; VWAP £28.5632) and on Euronext Amsterdam (732,782 shares; VWAP €32.4554).

The buy-back is part of the on- and off-market limbs of the programme announced 30 October 2025; Merrill Lynch International will trade independently for the programme from 30 October 2025 to 30 January 2026. Trades complied with UK MAR, Chapter 9 of the UK Listing Rules and the EU MAR Delegated Regulation.

Positive

• Total shares repurchased: 1,469,390 on 05/11/2025
• LSE execution: 736,608 shares at VWAP £28.5632
• XAMS execution: 732,782 shares at VWAP €32.4554
• Buy-back executed under existing programme with independent broker until 30 Jan 2026

Negative

• No trades reported on Chi-X, BATS, CBOE DXE and TQEX on 05/11/2025

Insights

Capital Markets Analyst

Shell executed an on‑ and off‑market buyback, purchasing 1,469,390 shares across LSE and XAMS on 05/11/2025

What happened: Shell purchased 736,608 shares on the LSE at a volume weighted average price of 28.5632 GBP and 732,782 shares on XAMS at a volume weighted average price of 32.4554 EUR on 05/11/2025. The purchases form part of the company’s existing buy‑back programme announced on 30/10/2025.

Dependencies and controls: Trading decisions for this programme will be made independently by Merrill Lynch International from 30/10/2025 through 30/01/2026. The programme is being executed under the company’s on‑ and off‑market authorities and in compliance with UK MAR, the EU MAR Delegated Regulation, and Chapter 9 of the UK Listing Rules.

Concrete items to watch (near term): monitor the detailed trade breakdowns and any further RNS notices through the trading window ending 30/01/2026, and track cumulative shares cancelled and venue‑level VWAPs published in future disclosures.

Transaction in Own Shares   

05 November, 2025

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 05 November, 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
05/11/2025	736,608	28.7400	28.2000	28.5632	LSE	GBP
05/11/2025	-	-	-	-	Chi-X (CXE)	GBP
05/11/2025	-	-	-	-	BATS (BXE)	GBP
05/11/2025	732,782	32.7000	32.0250	32.4554	XAMS	EUR
05/11/2025	-	-	-	-	CBOE DXE	EUR
05/11/2025	-	-	-	-	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 30 October 2025.

In respect of this programme, Merrill Lynch International will make trading decisions in relation to the securities independently of the Company for a period from 30 October 2025 up to and including 30 January 2026.

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 Merrill Lynch International 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

Attachment

• 2025.11.05 Shell RNS (with fills)

FAQ

How many shares did Shell (SHEL) buy and cancel on 05 November 2025?

Shell bought and cancelled 1,469,390 shares on 05 November 2025.

What were the VWAPs for Shell (SHEL) buybacks on 05/11/2025 on LSE and XAMS?

LSE VWAP was £28.5632 and XAMS VWAP was €32.4554.

Who executed Shell’s (SHEL) buy-back trades and what is the execution period?

Merrill Lynch International executed trades independently for the programme from 30 Oct 2025 to 30 Jan 2026.

Was Shell’s (SHEL) 05 November 2025 buy-back conducted under regulatory rules?

Yes; the programme was conducted in accordance with UK MAR, the EU MAR Delegated Regulation and Chapter 9 of the UK Listing Rules.

Which trading venues reported no Shell (SHEL) purchases on 05/11/2025?

Chi-X, BATS, CBOE DXE and TQEX reported no purchases on 05/11/2025.