Shell plc Announces Early Participation Results and Increase in Maximum Amount of Old Notes that may be Accepted in the Previously Announced Exchange Offers

Core Viewpoint - Shell plc is conducting exchange offers to migrate existing Old Notes from Shell International Finance B.V. to Shell Finance US Inc. to optimize its capital structure and align indebtedness with its U.S. business [2] Group 1: Exchange Offers Details - As of September 18, 2024, a total of $14.32 billion in Old Notes had been validly tendered for exchange [5] - The Maximum Amount for the exchange has been increased from $10 billion to $12 billion [1] - An Early Participation Premium of $30 principal amount of New Notes will be offered to all holders of Old Notes validly tendered by October 3, 2024 [6] Group 2: Notes Information - The exchange involves twelve series of Old Notes, with significant amounts tendered including $2.34 billion for 4.375% Guaranteed Notes due 2045 and $1.26 billion for 2.750% Guaranteed Notes due 2030 [4][5] - The total aggregate principal amount outstanding for the Old Notes is approximately $14.32 billion [5] Group 3: Timeline and Conditions - The Expiration Time for the Exchange Offers is set for 5:00 p.m. New York City time on October 3, 2024, unless extended [6] - New Notes are expected to be issued on October 8, 2024, if the Exchange Offers are not extended [7] - The consummation of the Exchange Offers is conditional upon the declaration of effectiveness of the Registration Statement by the SEC [9]