The Shell Group in $1.25 Billion Debt Offering

March 22, 2007

Cleary Gottlieb advised underwriters Goldman, Sachs & Co. and Morgan Stanley in the offering of $500 million 4.95% notes due 2012 and $750 million 5.20% notes due 2017 issued by Shell International Finance B.V. and guaranteed by Royal Dutch Shell PLC. Issued under a shelf registration statement, the notes will be listed on the New York Stock Exchange. The offering closed on March 22.

The Shell Group is a global group of energy and petrochemical companies that operate in more than 140 countries and territories around the world. Shell produces energy, from gas and renewables to hydrogen and power, and engages in downstream businesses such as oil products and chemicals.