ROYAL DUTCH SHELL PLC THIRD QUARTER 2017 SCRIP DIVIDEND PROGRAMME REFERENCE
    SHARE PRICE

    The Board of Royal Dutch Shell plc ("RDS") today announced the Reference Share
    Price in respect of the third quarter interim dividend of 2017, which was
    announced on November 2, 2017 at $0.47 per A ordinary share ("A Share") and B
    ordinary share ("B Share") and $0.94 per American Depository Share ("ADS").

    Reference Share Price

    The Reference Share price is used for calculating a Participating Shareholder's
    entitlement under the Scrip Dividend Programme, as defined below.

                                          Q3 2017     
                                                      
    Reference Share price (US$)           30.925      

    The Reference Share Price is the US dollar equivalent of the average of the
    closing price for the Company's A Shares listed on Euronext Amsterdam for the
    five dealing days commencing on (and including) the date on which the Shares
    are first quoted ex-dividend in respect of the relevant dividend.

    The Reference Share Price is calculated by reference to the Euronext Amsterdam
    closing price in euro. The US dollar equivalent of the closing price on each of
    the dealing days referred to above is calculated using a market currency
    exchange rate prevailing at the time.

    Reference ADS Price

    ADS stands for "American Depositary Share". ADR stands for "American Depositary
    Receipt". An ADR is a certificate that evidences ADSs (though the terms ADR and
    ADS are often used interchangeably).  ADSs are listed on the NYSE under the
    symbols RDS.A and RDS.B.  Each ADS represents two ordinary shares, two ordinary
    A Shares in the case of RDS.A or two ordinary B Shares in the case of RDS.B.

                                          Q3 2017     
                                                      
    Reference ADS price (US$)             61.850      

    The Reference ADS Price equals the Reference Share Price of the two A Shares
    underlying each new A ADS. 

    Scrip Dividend Programme

    RDS provides shareholders with a choice to receive dividends in cash or in
    shares via the Scrip Dividend Programme (the "Programme").

    Under the Programme shareholders can increase their shareholding in RDS by
    choosing to receive new shares instead of cash dividends, if approved by the
    Board. Only new A Shares will be issued under the Programme, including to
    shareholders who currently hold B Shares.

    In some countries, joining the Programme may currently offer a tax advantage
    compared with receiving cash dividends. In particular, dividends paid out as
    shares by RDS will not be subject to Dutch dividend withholding tax (currently
    15 per cent), unlike cash dividends paid on A shares, and they will not
    generally be taxed on receipt by a UK shareholder or a Dutch shareholder.

    Shareholders who elect to join the Programme will increase the number of shares
    held in RDS without having to buy existing shares in the market, thereby
    avoiding associated dealing costs.

    Shareholders who do not join the Programme will continue to receive in cash any
    dividends approved by the Board.

    Shareholders who held only B Shares and joined the Programme are reminded they
    will need to make a Scrip Dividend Election in respect of their new A Shares if
    they wish to join the Programme in respect of such new shares.  However, this
    is only necessary if the shareholder has not previously made a Scrip Dividend
    Election in respect of any new A Shares issued.

    For further information on the Programme, including how to join if you are
    eligible, please refer to the appropriate publication available on 
    www.shell.com/scrip.

    Royal Dutch Shell plc

    The Hague, November 23, 2017

    ENQUIRIES:

    Investor Relations:

    Europe                        + 31 (0) 70 377 4540 

    North America            +1 832 337 2034

    Media:

    International                +44 (0) 207 934 5550

    Americas                      +1 832 337 4355

    CAUTIONARY NOTE

    The companies in which Royal Dutch Shell plc directly and indirectly owns
    investments are separate legal entities. In this announcement "Shell", "Shell
    group" and "Royal Dutch Shell" 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 subsidiaries
    in general or to those who work for them. These expressions are also used where
    no useful purpose is served by identifying the particular company or companies.
    ''Subsidiaries'', "Shell subsidiaries" and "Shell companies" as used in this
    announcement refer to companies 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 a venture,
    partnership or company, after exclusion of all third-party interest.

    This announcement contains forward-looking statements 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 ''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 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; (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; and (m) 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 Royal Dutch Shell's Form 20-F
    for the year ended December 31, 2016 (available at www.shell.com/investor 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, November 23, 2017. 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 announcement.

    This Report contains references to Shell's website. These references are for
    the readers' convenience only. Shell is not incorporating by reference any
    information posted on www.shell.com

    U.S. 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. You can also obtain
    this form from the SEC by calling 1-800-SEC-0330.

    .

    LEI number of Royal Dutch Shell plc: 21380068P1DRHMJ8KU70

    Classification: Additional regulated information required to be disclosed under
    the laws of a Member State