Andre Araujo, Brazil Country Chair, presented at the Credit Suisse Brazil Oil Trip.

1. ROYAL DUTCH SHELL PLC
SHELL BRASIL
CreditSuisse Brazil Oil Trip
ANDRE ARAUJO
Brazil Country Chair
RIO DE JANEIRO
APRIL 13, 2011
1 Copyright of Royal Dutch Shell plc 13/4/2011

2. DEFINITIONS AND CAUTIONARY NOTE
Reserves: Our use of the term “reserves” in this presentation means SEC proved oil and gas reserves for all 2009 and 2010 data, and includes both SEC proved oil and gas reserves and SEC proven
mining reserves for 2008 data.
Resources: Our use of the term “resources” in this presentation includes quantities of oil and gas not yet classified as SEC proved oil and gas reserves or SEC proven mining reserves. Resources are
consistent with the Society of Petroleum Engineers 2P and 2C definitions.
Organic: Our use of the term Organic includes SEC proved oil and gas reserves and SEC proven mining reserves (for 2008) excluding changes resulting from acquisitions, divestments and year-
average pricing impact.
To facilitate a better understanding of underlying business performance, the financial results are also presented on an estimated current cost of supplies (CCS) basis as applied for the Oil Products and
Chemicals segment earnings. Earnings on an estimated current cost of supplies basis provides useful information concerning the effect of changes in the cost of supplies on Royal Dutch Shell’s results
of operations and is a measure to manage the performance of the Oil Products and Chemicals segments but is not a measure of financial performance under IFRS.
The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate entities. In this presentation “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 presentation refer to companies in which Royal Dutch Shell either directly or indirectly has control, by having either a majority of the voting rights or the right to exercise a
controlling influence. The companies in which Shell has significant influence but not control are referred to as “associated companies” or “associates” and companies in which Shell has joint control
are referred to as “jointly controlled entities”. In this presentation, associates and jointly controlled entities are also referred to as “equity-accounted investments”. The term “Shell interest” is used for
convenience to indicate the direct and/or indirect (for example, through our 24% shareholding in Woodside Petroleum Ltd.) ownership interest held by Shell in a venture, partnership or company,
after exclusion of all third-party interest.
This presentation 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’’, ‘‘intend’’, ‘‘may’’, ‘‘plan’’, ‘‘objectives’’, ‘‘outlook’’, ‘‘probably’’, ‘‘project’’, ‘‘will’’, ‘‘seek’’, ‘‘target’’, ‘‘risks’’, ‘‘goals’’, ‘‘should’’ 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
presentation, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for the Shell’s products; (c) currency fluctuations; (d) drilling and production
results; (e) reserve 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 potential litigation and regulatory measures as a result of climate changes; (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. All forward-looking statements contained in this presentation 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 factors that may affect future results are contained in Royal
Dutch Shell’s 20-F for the year ended 31 December, 2010 (available at www.shell.com/investor and www.sec.gov ). These factors also should be considered by the reader. Each forward-looking
statement speaks only as of the date of this presentation, 13 April 2011. Neither Royal Dutch Shell 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 presentation. There can be no assurance that dividend payments will match or exceed those set out in this presentation in the future, or that they will be made at all.
The United States Securities and Exchange Commission (SEC) permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual
production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use certain terms in this presentation, such as resources and
oil in place, that SEC's guidelines strictly prohibit us from including in filings with the SEC. 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 these forms from the SEC by calling 1-800-SEC-0330.
2 Copyright of Royal Dutch Shell plc 13/4/2011

3. SHELL
‘GOAL ZERO’ ON SAFETY
Injuries – TRCF per million working hours
4
3
2
Customer and Profitability & 1
partner focus performance
0
'99 '00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10
Sustainability & Value added
growth technology
Focus on personal and process safety
Industry leader in Sustainable Development
EMPLOYEES AND CONTRACTORS PER MILLION WORKING HOURS; SHELL OPERATED FACILITIES
3 Copyright of Royal Dutch Shell plc 13/4/2011

4. FINANCIAL PERFORMANCE AND PRIORITIES
EARNINGS PRIORITIES
$ Bln
35
30
PERFORMANCE FOCUS
25
20
15 NEW WAVE OF PRODUCTION
GROWTH
10
5
0
MATURING NEXT GENERATION OF
PROJECT OPTIONS
-5
2006 2007 2008 2009 2010
UPSTREAM CORPORATE
DOWNSTREAM DIVESTMENTS/OTHER
CURRENT COST OF SUPPLY EARNINGS
4 Copyright of Royal Dutch Shell plc 15/03/2011

5. UPSTREAM REGIONAL OUTLOOK - AMERICAS
KEY PROJECTS FINANCIALS
$ Bln
20
CFFO CAPEX
10
0
2006 2007 2008 2009 2010
OIL & GAS PRODUCTION
Kboe/d
1000
2011+
• AOSP Exp 1
• Perdido
500
• Onshore gas
• Mars B
• BC10 Ph2
0
2009 2010
Tight Gas drilling Espirito Santo FPSO USA CANADA BRAZIL ARGENTINA OTHER
Groundbirch Canada BC-10 Brazil
5 Copyright of Royal Dutch Shell plc 13/4/2011

6. SHELL IN SOUTH AMERICA
VENEZUELA
• Urdaneta West Field (Lake Maracaibo) 40% Shell, 60% PDVSA
• Lubricants Plant, Global Solutions
GUYANA/ Fr. GUIANA
• 25% in Stabroek deepwater offshore concession (38,700 km2) - Operated by
ExxonMobil
• 45% in Guyane Maritime deeepwater concession (35,200 km²) - Operated by
Tullow Oil
COLOMBIA
• 100% in VMM 27 block – Middle Magdalena Valley (subject to signing)
• 100% in Gua 3 deepwater block Technical Evaluation Agreement (TEA)
(subject to signing)
• 50% in CPE2 and CPE4 Technical Evaluation blocks, operated by Ecopetrol
BRAZIL
• Leading Upstream and Downstream presence
ARGENTINA
PRODUCTION • 22.5% stake in Acambuco Concession
EXPLORATION • Downstream: Refining, Retail, Commercial, Lubricants, Chemicals, Marine
REFINERY and Aviation
6 Copyright of Royal Dutch Shell plc 13/4/2011

7. SHELL IN BRAZIL
In Brazil since 1913
~2,200 staff
Largest private exploration & production company
producing in the country
Upstream offshore and onshore
Downstream fuels and lubricants
>$3 bln invested in Upstream
Acreage in core offshore basins
1st IOC to produce oil & gas in Brazil
Downstream JV with Cosan - Raízen
Comgas Local Distribution (São Paulo)
UPSTREAM GROWTH: BC-10 ON STREAM 2009 DOWNSTREAM: FUELS & LUBRICANTS
7 Copyright of Royal Dutch Shell plc 13/4/2011

8. BRAZIL GROWTH POTENTIAL
OVERVIEW SHELL POSITIONS SHELL BRAZIL PRODUCTION
Kboe/d Kbbl/d
Raizen (Cosan) JV OIL & GAS
Espirito Raizen (Cosan) JV
Marketing & 100 ETHANOL 300
Biofuels (50%) Santo
Basin OIL PRODUCTS
Sao Francisco (RHS)
exploration 200
Parque das Conchas BC-10 50
• Start-up phase -1 2009 Massa discovery –
• Phase 2 FID 2010 100
potential for
BC-10 phase 3
Bijupira-
Gato de Mato BMS-54 Salema 0 0
Campos
discovery 2005 2010 ~2015
Basin
• Drilling 2011 to assess
commerciality
Santos
Basin
UPSTREAM PRODUCTION
UPSTREAM POTENTIAL
2010 PROGRESS
Raízen – Sugarcane harvesting
8 Copyright of Royal Dutch Shell plc 13/4/2011

9. BM-ES-27 - R7
(ES-M-411/ES-M-437/ES-M-
Shell Portfolio – March/2011 436)
*PBR (65%)
Shell (17,5%)
Vale (17,5%)
BM-ES-23 - R6
14 Concessions: 9 offshore and 5 onshore (ES-M-525)
*PBR (65%)
Shell (20%)
- 9 Exploration Concessions operated by Shell; Inpex (15%)
- Production from Bijupirá/Salema and BC-10 Assets ARGONAUTA - R0
*Shell (50%)
OSTRA - R0
*Shell (50%)
PBR (35%) PBR (35%)
ONGC (15%) ONGC (15%)
ABALONE - R0
NAUTILUS - R0 *Shell (50%)
*Shell (50%) PBR (35%)
PBR (35%) ONGC (15%)
ONGC (15%)
BM-C-31- R6
(C-M-103/C-M-151)
*PBR (60%)
Shell (20%)
Inpex (20%)
BIJUPIRA &
SALEMA
*Shell (80%)
PBR (20%)
ATLANTA - R0
*Shell (40%)
PBR (40%)
Chevron (20%)
BM-S-45
(S-M-320/S-M-322) - OLIVA - R0
R6 *Shell (40%)
*PBR (60%) PBR (40%)
Shell (40%) Chevron (20%)
BM-S-54
(S-M-518) - R7
*Shell (80%)
Total (20%)
BM-S-8 - R2
*PBR (66%)
Shell (20%)
Petrogal (14%)
9 Copyright of Royal Dutch Shell plc 13/4/2011

10. BC-10 OPERATING PERFORMANCE
BC-10 (PARQUE DAS CONCHAS) PHASE 1 TECHNOLOGY IN ACTION
Kboe/d (100%)
100 Actual Plan
75
50
25
0
Jan Apr Jul Oct
2010
Nine wells on-stream in Q1 2010 Ultra Deepwater development with advanced
FID on second phase taken in 2010 technology firsts applied
Deepwater low API oil Project delivery as planned
Shell 50% Production from Phase 1 exceeded Plan in 2010
Unlocking heavy oil in deepwater Outstanding operational safety performance
10 Copyright of Royal Dutch Shell plc 13/4/2011

11. BC-10 Phase 2 (PARQUE DAS CONCHAS)
FIELD LAY-OUT BC-10 PHASE 2 (CAMPOS, BRAZIL)
Peak production ~30 kboe/d
Argonauta O-North field
Tie-back to Phase 1 FPSO
Water depth 1,600 meters
Shell 50% (operator)
Sustaining plateau production
Phase 2
Exploration upside (Massa 2 - well drilling)
2000 2005 2006 2009 2010
2000 2005 2006 2009 2010 2012-3
BC-10 BC-10 Shell stake 1st Oil Phase 2 Phase 2
Discovered Declared increased FID Start-Up
Shell 35% Commercial to 50%
Part of Shell’s new deepwater world-wide potential of ~200 kboe/d 2015
11 Copyright of Royal Dutch Shell plc 13/4/2011

12. BIJUPIRÁ & SALEMA
• Shell (80% - Operator) Petrobras (20%)
• Aver. daily production of 22K boe/d
• 1st oil in 2003
• Water depth of 800 meters for Bijupirá and 600 Rio de Janeiro
meters for Salema Bijupirá & Salema
• Excellent Safety Performance Record since 2003
Salema
Bijupira
FPSO FLUMINENSE
12 Copyright of Royal Dutch Shell plc 13/4/2011

13. ONSHORE OPPORTUNITIES: SÃO FRANCISCO
5 onshore blocks / ANP Bid Round 10
Contracts signed June 2009
Partnership with Vale (40% WI) under ANP approval
Potential for Tight Gas : Shell holds international
experience
503km 2D seismic survey in 2011
1-3 wells drilling opportunities to be evaluated
Seismic permitting processes initiated
Exploration Plan
Shell
2011 2012 1st half 2013 2013-5
ANP
13 Copyright of Royal Dutch Shell plc 13/4/2011

14. RAÍZEN
JV STRUCTURE
50% Management 50%
Company
JV’s face to the market
Facilitate the building of a
unified corporate culture
Sugar, Ethanol,
Cogeneration & Downstream Co
Biotechnology Co
Production of sugar and ethanol Supply, distribution and sale of fuels in Brazil.
Co-generation activities
Technology activities: Iogen & Codexis
14 Copyright of Royal Dutch Shell plc 13/4/2011

15. RAÍZEN: BRAZIL MARKETING AND BIOFUELS
SHARE OF BRAZILIAN RETAIL FUELS DISTRIBUTION
%
40 Leading Brazil marketing player
4,470 retail sites, 53 depots
30
Fuel sales volume ~18 billion litres per year
20 Retail, commercial fuels
10
JV synergies + growth potential
0
Petrobras Ultra Raízen AleSat Others
BRAZILIAN SUGARCANE PRODUCERS
Mln tonnes (estimate 2010/2011)
60
Leading Brazil ethanol player
40 Sugar cane capacity~60 mtpa from 23 mills
~ 2 bln litres ethanol production capacity per year,
20 growth aspiration to more than double volumes
Top 5 global ethanol player
0 Shell world-wide trading synergies
SOURCE: SINDICOM 2009 AND ANP
15 Copyright of Royal Dutch Shell plc 13/4/2011

16. SUMMARY
SHELL STRATEGY PRIORITIES SHELL BRAZIL
PERFORMANCE FOCUS • Safe operations
• Production performance
• BC-10 Phase 2 FID
NEW WAVE OF PRODUCTION
GROWTH • Downstream: Raízen
• Shell Global strategy for Biofuel
• Exploration success: 2 new 2010 discoveries
MATURING NEXT GENERATION OF
• Further exploration potential (pre-salt)
PROJECT OPTIONS
• Onshore opportunities
Competitive performance – Profitable growth – Sharper delivery
16 Copyright of Royal Dutch Shell plc 13/4/2011

17. ROYAL DUTCH SHELL PLC
SHELL BRASIL
Q&A
17 Copyright of Royal Dutch Shell plc 13/4/2011