NOTIFICATION OF MAJOR SHAREHOLDINGS – CORRECTION

NOTIFICATION OF MAJOR HOLDINGS

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1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedⁱⁱ:

Shell plc

1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate)

Non-UK issuer

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2. Reason for the notification (please mark the appropriate box or boxes with an “X”)

An acquisition or disposal of voting rights

X

An acquisition or disposal of financial instruments

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An event changing the breakdown of voting rights

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Other (please specify)ⁱⁱⁱ:

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3. Details of person subject to the notification obligation^iv

Name

BlackRock, Inc.

City and country of registered office (if applicable)

Wilmington, DE, USA

4. Full name of shareholder(s) (if different from 3)^v

Name

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City and country of registered office (if applicable)

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5. Date on which the threshold was crossed or reached^vi:

31 January 2022

6. Date on which issuer notified (DD/MM/YYYY):

02 February 2022

7. Total positions of person(s) subject to the notification obligation

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% of voting rights attached to shares (total of 8. A)

% of voting rights through financial instruments
(total of 8.B 1 + 8.B 2)

Total of both in % (8.A + 8.B)

Total number of voting rights of issuer^vii

Resulting situation on the date on which threshold was crossed or reached

6.7100%

0.5100%

7.2200%

553,068,483

Position of previous notification (if

applicable)

5.9700%

1.0000%

6.9700%

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8. Notified details of the resulting situation on the date on which the threshold was crossed or reached^viii

A: Voting rights attached to shares

Class/type of
shares

ISIN code (if possible)

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Number of voting rights^ix

% of voting rights

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

GB00BP6MXD84

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513,401,704

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6.7100%

SUBTOTAL 8. A

513,401,704

6.7100%

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B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))

Type of financial instrument

Expiration
date^x

Exercise/
Conversion Period^xi

Number of voting rights that may be acquired if the instrument is

exercised/converted.

% of voting rights

American Depository Receipt

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4052078

0.05%

Securities Lending

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8896296

0.11%

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SUBTOTAL 8. B 1

12948374

0.16%

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B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))

Type of financial instrument

Expiration
date^x

Exercise/
Conversion Period ^xi

Physical or cash

settlement^xii

Number of voting rights

% of voting rights

CFD

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Cash

3013009

0.03%

Call Option (GB00BP6MXD84)

18-February-2022

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Physical

3651400

0.05%

Call Option (GB00BP6MXD84)

18-March-2022

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Physical

1393600

0.02%

Call Option (US7802593050)

14-April-2022

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Physical

9157734

0.12%

Put Option (GB00BP6MXD84)

18-March-2022

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Physical

1393600

0.02%

Put Option (GB00BP6MXD84)

18-February-2022

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Physical

3651400

0.05%

Put Option (US7802593050)

14-April-2022

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Physical

4457662

0.06%

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SUBTOTAL 8.B.2

26718405

0.35%

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9. Information in relation to the person subject to the notification obligation (please mark the

applicable box with an “X”)

Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer^xiii

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Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entity^xiv (please add additional rows as necessary)

X

Name^xv

% of voting rights if it equals or is higher than the notifiable threshold

% of voting rights through financial instruments if it equals or is higher than the notifiable threshold

Total of both if it equals or is higher than the notifiable threshold

Ultimate controlling person

Name of controlled undertaking

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BlackRock, Inc. (Chain 1)

BlackRock Holdco 2, Inc.

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BlackRock, Inc. (Chain 1)

BlackRock Financial Management, Inc.

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BlackRock, Inc. (Chain 1)

BlackRock International Holdings, Inc.

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BlackRock, Inc. (Chain 1)

BR Jersey International Holdings L.P.

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BlackRock, Inc. (Chain 1)

BlackRock (Singapore) Holdco Pte. Ltd.

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BlackRock, Inc. (Chain 1)

BlackRock HK Holdco Limited

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BlackRock, Inc. (Chain 1)

BlackRock Lux Finco S.a.r.l.

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BlackRock, Inc. (Chain 1)

BlackRock Japan Holdings GK

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BlackRock, Inc. (Chain 1)

BlackRock Japan Co., Ltd.

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BlackRock, Inc. (Chain 2)

Trident Merger, LLC

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BlackRock, Inc. (Chain 2)

BlackRock Investment Management, LLC

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BlackRock, Inc. (Chain 3)

BlackRock Holdco 2, Inc.

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BlackRock, Inc. (Chain 3)

BlackRock Financial Management, Inc.

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BlackRock, Inc. (Chain 3)

BlackRock International Holdings, Inc.

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BlackRock, Inc. (Chain 3)

BR Jersey International Holdings L.P.

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BlackRock, Inc. (Chain 3)

BlackRock Holdco 3, LLC

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BlackRock, Inc. (Chain 3)

BlackRock Cayman 1 LP

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BlackRock, Inc. (Chain 3)

BlackRock Cayman West Bay Finco Limited

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BlackRock, Inc. (Chain 3)

BlackRock Cayman West Bay IV Limited

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BlackRock, Inc. (Chain 3)

BlackRock Group Limited

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BlackRock, Inc. (Chain 3)

BlackRock Finance Europe Limited

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BlackRock, Inc. (Chain 3)

BlackRock Investment Management (UK) Limited

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BlackRock, Inc. (Chain 4)

BlackRock Holdco 2, Inc.

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BlackRock, Inc. (Chain 4)

BlackRock Financial Management, Inc.

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BlackRock, Inc. (Chain 4)

BlackRock International Holdings, Inc.

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BlackRock, Inc. (Chain 4)

BR Jersey International Holdings L.P.

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BlackRock, Inc. (Chain 4)

BlackRock Australia Holdco Pty. Ltd.

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BlackRock, Inc. (Chain 4)

BlackRock Investment Management (Australia) Limited

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BlackRock, Inc. (Chain 5)

BlackRock Holdco 2, Inc.

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BlackRock, Inc. (Chain 5)

BlackRock Financial Management, Inc.

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BlackRock, Inc. (Chain 5)

BlackRock International Holdings, Inc.

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BlackRock, Inc. (Chain 5)

BR Jersey International Holdings L.P.

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BlackRock, Inc. (Chain 5)

BlackRock Holdco 3, LLC

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BlackRock, Inc. (Chain 5)

BlackRock Cayman 1 LP

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BlackRock, Inc. (Chain 5)

BlackRock Cayman West Bay Finco Limited

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BlackRock, Inc. (Chain 5)

BlackRock Cayman West Bay IV Limited

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BlackRock, Inc. (Chain 5)

BlackRock Group Limited

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BlackRock, Inc. (Chain 5)

BlackRock International Limited

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BlackRock, Inc. (Chain 6)

BlackRock Holdco 2, Inc.

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BlackRock, Inc. (Chain 6)

BlackRock Financial Management, Inc.

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BlackRock, Inc. (Chain 6)

BlackRock Holdco 4, LLC

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BlackRock, Inc. (Chain 6)

BlackRock Holdco 6, LLC

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BlackRock, Inc. (Chain 6)

BlackRock Delaware Holdings Inc.

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BlackRock, Inc. (Chain 6)

BlackRock Institutional Trust Company, National Association

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BlackRock, Inc. (Chain 7)

BlackRock Holdco 2, Inc.

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BlackRock, Inc. (Chain 7)

BlackRock Financial Management, Inc.

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BlackRock, Inc. (Chain 7)

BlackRock Holdco 4, LLC

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BlackRock, Inc. (Chain 7)

BlackRock Holdco 6, LLC

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BlackRock, Inc. (Chain 7)

BlackRock Delaware Holdings Inc.

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BlackRock, Inc. (Chain 7)

BlackRock Fund Advisors

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BlackRock, Inc. (Chain 8)

BlackRock Holdco 2, Inc.

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BlackRock, Inc. (Chain 8)

BlackRock Financial Management, Inc.

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BlackRock, Inc. (Chain 9)

BlackRock Holdco 2, Inc.

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BlackRock, Inc. (Chain 9)

BlackRock Financial Management, Inc.

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BlackRock, Inc. (Chain 9)

BlackRock International Holdings, Inc.

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BlackRock, Inc. (Chain 9)

BR Jersey International Holdings L.P.

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BlackRock, Inc. (Chain 9)

BlackRock (Singapore) Holdco Pte. Ltd.

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BlackRock, Inc. (Chain 9)

BlackRock HK Holdco Limited

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BlackRock, Inc. (Chain 9)

BlackRock Asset Management North Asia Limited

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BlackRock, Inc. (Chain 10)

BlackRock Holdco 2, Inc.

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BlackRock, Inc. (Chain 10)

BlackRock Financial Management, Inc.

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BlackRock, Inc. (Chain 10)

BlackRock International Holdings, Inc.

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BlackRock, Inc. (Chain 10)

BR Jersey International Holdings L.P.

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BlackRock, Inc. (Chain 10)

BlackRock Holdco 3, LLC

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BlackRock, Inc. (Chain 10)

BlackRock Cayman 1 LP

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BlackRock, Inc. (Chain 10)

BlackRock Cayman West Bay Finco Limited

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BlackRock, Inc. (Chain 10)

BlackRock Cayman West Bay IV Limited

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BlackRock, Inc. (Chain 10)

BlackRock Group Limited

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BlackRock, Inc. (Chain 10)

BlackRock Finance Europe Limited

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BlackRock, Inc. (Chain 10)

BlackRock (Netherlands) B.V.

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BlackRock, Inc. (Chain 10)

BlackRock Asset Management Deutschland AG

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BlackRock, Inc. (Chain 11)

BlackRock Holdco 2, Inc.

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BlackRock, Inc. (Chain 11)

BlackRock Financial Management, Inc.

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BlackRock, Inc. (Chain 11)

BlackRock International Holdings, Inc.

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BlackRock, Inc. (Chain 11)

BR Jersey International Holdings L.P.

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BlackRock, Inc. (Chain 11)

BlackRock Holdco 3, LLC

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BlackRock, Inc. (Chain 11)

BlackRock Canada Holdings LP

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BlackRock, Inc. (Chain 11)

BlackRock Canada Holdings ULC

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BlackRock, Inc. (Chain 11)

BlackRock Asset Management Canada Limited

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BlackRock, Inc. (Chain 12)

BlackRock Holdco 2, Inc.

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BlackRock, Inc. (Chain 12)

BlackRock Financial Management, Inc.

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BlackRock, Inc. (Chain 12)

BlackRock Capital Holdings, Inc.

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BlackRock, Inc. (Chain 12)

BlackRock Advisors, LLC

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BlackRock, Inc. (Chain 13)

BlackRock Holdco 2, Inc.

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BlackRock, Inc. (Chain 13)

BlackRock Financial Management, Inc.

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BlackRock, Inc. (Chain 13)

BlackRock International Holdings, Inc.

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BlackRock, Inc. (Chain 13)

BR Jersey International Holdings L.P.

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BlackRock, Inc. (Chain 13)

BlackRock Holdco 3, LLC

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BlackRock, Inc. (Chain 13)

BlackRock Cayman 1 LP

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BlackRock, Inc. (Chain 13)

BlackRock Cayman West Bay Finco Limited

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BlackRock, Inc. (Chain 13)

BlackRock Cayman West Bay IV Limited

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BlackRock, Inc. (Chain 13)

BlackRock Group Limited

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BlackRock, Inc. (Chain 13)

BlackRock Finance Europe Limited

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BlackRock, Inc. (Chain 13)

BlackRock Advisors (UK) Limited

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BlackRock, Inc. (Chain 14)

BlackRock Holdco 2, Inc.

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BlackRock, Inc. (Chain 14)

BlackRock Financial Management, Inc.

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BlackRock, Inc. (Chain 14)

BlackRock International Holdings, Inc.

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BlackRock, Inc. (Chain 14)

BR Jersey International Holdings L.P.

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BlackRock, Inc. (Chain 14)

BlackRock (Singapore) Holdco Pte. Ltd.

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BlackRock, Inc. (Chain 14)

BlackRock (Singapore) Limited

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BlackRock, Inc. (Chain 15)

Trident Merger, LLC

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BlackRock, Inc. (Chain 15)

BlackRock Investment Management, LLC

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BlackRock, Inc. (Chain 15)

Amethyst Intermediate, LLC

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BlackRock, Inc. (Chain 15)

Aperio Holdings, LLC

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BlackRock, Inc. (Chain 15)

Aperio Group, LLC

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10. In case of proxy voting, please identify:

Name of the proxy holder

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The number and % of voting rights held

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The date until which the voting rights will be held

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11. Additional information^xvi

BlackRock Regulatory Threshold Reporting Team

Jana Blumenstein

020 7743 3650

Place of completion

12 Throgmorton Avenue, London, EC2N 2DL, U.K

Date of completion

01 February 2022