THE WALL STREET JOURNAL: Shell Buys Back 1M Shares At 484.89P (ShellNews.net) Posted 9 Feb 05

DOW JONES NEWSWIRES

Edited Press Release

LONDON -- Shell Transport and Trading Company said Tuesday on Feb. 7, 2005 it purchased for cancellation 1,000,000 ordinary shares at a price of 484.89 pence per share.

Following the cancellation of these shares, the remaining number of ordinary shares of Shell Transport and Trading Company will be 9,623,900,000.

Royal Dutch Petroleum Company (N.V. Koninklijke Nederlandsche Petroleum Maatschappij) announces that on Feb. 7, 2005 it purchased 220,000 ordinary shares at an average price of 45.91 euros per share. Such purchases were effected outside the United States.

Following the cancellation (still subject to shareholder approval) of these and other ordinary shares purchased under the buyback programme, the remaining number of ordinary shares outstanding of Royal Dutch Petroleum Company will be 2,074,180,000.

The funds used to purchase these shares were distributable cash reserves held by STT and RD respectively. The buybacks do not affect RD and STT's "60:40" ownership of the Royal Dutch / Shell Group of Companies.