Royal Dutch Shell signs Letter of Intent for the sale of two French refineries

As part of an ongoing strategy of portfolio management, Shell International Petroleum Company Limited (Shell) has signed a Letter of Intent with Petroplus Holdings AG relating to the possible sale of two of its French refineries. Shell and Petroplus will discuss detailed terms, including developing a processing arrangement for the production of speciality products such as lubricants, with a view to agreeing and concluding a potential sale during 2008.