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The Technical Partnership between Shell and Ducati Corse has seen great success on the racetrack, including the most recent campaign which saw Ducati win the 2022 MotoGP Constructors’ Championship and Riders’ title with the Italian Francesco Bagnaia.

The partnership, which originally began in 1999 when Ducati was racing in the FIM Superbike World Championship, marks 24 years of collaboration and 20 years in the FIM MotoGP™ World Championship, since the Italian team joined in 2003.

Today, the Desmosedici GP racing bikes of Ducati Corse use a bespoke Shell V-Power race fuel formulation as well as a bespoke blend of Shell Advance Engine Oil with Shell’s PurePlus Technology. Designed to withstand the extreme conditions of the MotoGP racetracks, Shell Advance is formulated to help extract the maximum performance while maintaining reliability for the bike's four-stroke V4 engine over the duration of a race season.

As part of the partnership renewal announced today, Shell and Ducati will be continuing to work hand-in-hand in preparation for MotoGP’s new era of more sustainable fuels, which begins in 2024. Development for these fuels, which must be 40% non-fossil origin from 2024 and aim at an ambitious 100% by 2027 , will be a key area of focus for the Shell and Ducati teams. They will also continue to explore ways in which the collaboration can further the development of electric drivetrains in electric motorcycles for future use, both on and off the racetrack.

Throughout this 24-year partnership, the learnings and innovations from the racetrack have been used to develop better road-going products for Shell customers around the world. What’s more, the relationship extends to Ducati road bike, with new motorbike Shell Advance formulations being developed and tested for road bike applications.

Commenting on the partnership renewal, Sabrina Qu, Vice President Global Lubricants Marketing at Shell, said: “The extension of our Technical Partnership with Ducati until 2027 signals our commitment to the Ducati Corse team to provide them with technical support as MotoGP moves towards a more sustainable future. Motorsport is the ultimate testbed for our technology, providing Shell with valuable insights into the performance of our products, whilst allowing them to test formulations to match the future sustainability ambitions of both Shell and Ducati. This in turn will continue to benefit Shell Advance and Ducati customers around the world, both on the track and on the road, as the Technical Partnership continues to develop.”

Ducati Corse Sporting Director, Paolo Ciabatti, added: “It gives us great satisfaction to announce the extension of Ducati’s multi-year agreement with Shell until 2027. Last year was the most successful season ever for Ducati Corse since the start of our fuels and lubricants Technical Partnership with Shell in 1999, and we are delighted to be able to enter a third decade of collaboration with them. It is also thanks to the vital contribution of technically advanced partners like Shell that Ducati is able to achieve success in such a technically challenging championships like MotoGP and WorldSBK, where every little performance detail counts. With this strong support behind us we are confident that we can continue to obtain excellent results in the future.”

About Shell

Shell plc is incorporated in England and Wales‚ has its headquarters in London and is listed on the London‚ Amsterdam‚ and New York stock exchanges. Shell companies have operations in more than 70 countries and territories with businesses including oil and gas exploration and production; production and marketing of liquefied natural gas and gas to liquids; manufacturing‚ marketing and shipping of oil products and chemicals and renewable energy projects. For further information‚ visit www.shell.com

The companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this announcement “Shell”, “Shell Group” and “Group” are sometimes used for convenience where references are made to Shell plc and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to Shell plc and its subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. ‘‘Subsidiaries’’, “Shell subsidiaries” and “Shell companies” as used in this announcement refer to entities over which Shell plc either directly or indirectly has control. Entities and unincorporated arrangements over which Shell has joint control are generally referred to as “joint ventures” and “joint operations”, respectively. “Joint ventures” and “joint operations” are collectively referred to as “joint arrangements”. Entities over which Shell has significant influence but neither control nor joint control are referred to as “associates”. The term “Shell interest” is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest.

Forward-Looking Statements

This announcement contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of 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 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 “aim”, “ambition”, ‘‘anticipate’’, ‘‘believe’’, ‘‘could’’, ‘‘estimate’’, ‘‘expect’’, ‘‘goals’’, ‘‘intend’’, ‘‘may’’, “milestones”, ‘‘objectives’’, ‘‘outlook’’, ‘‘plan’’, ‘‘probably’’, ‘‘project’’, ‘‘risks’’, “schedule”, ‘‘seek’’, ‘‘should’’, ‘‘target’’, ‘‘will’’ and similar terms and phrases. There are a number of factors that could affect the future operations of Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this announcement, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell’s products; (c) currency fluctuations; (d) drilling and production results; (e) reserves 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, judicial, fiscal and regulatory developments including regulatory measures addressing climate change; (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; (m) risks associated with the impact of pandemics, such as the COVID-19 (coronavirus) outbreak; and (n) changes in trading conditions. No assurance is provided that future dividend payments will match or exceed previous dividend payments. All forward-looking statements contained in this announcement 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 risk factors that may affect future results are contained in Shell plc’s Form 20-F for the year ended December 31, 2022 (available at www.shell.com/investor and ). These risk factors also expressly qualify all forward-looking statements contained in this announcement and should be considered by the reader. Each forward-looking statement speaks only as of the date of this announcement, March 21 2023. Neither Shell plc 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 announcement.

Shell’s net carbon intensity

Also, in this announcement we may refer to Shell’s “Net Carbon Intensity”, which include Shell’s carbon emissions from the production of our energy products, our suppliers’ carbon emissions in supplying energy for that production and our customers’ carbon emissions associated with their use of the energy products we sell. Shell only controls its own emissions. The use of the term Shell’s “Net Carbon Intensity” is for convenience only and not intended to suggest these emissions are those of Shell plc or its subsidiaries.

Shell’s net-Zero Emissions Target

Shell’s operating plan, outlook and budgets are forecasted for a ten-year period and are updated every year. They reflect the current economic environment and what we can reasonably expect to see over the next ten years. Accordingly, they reflect our Scope 1, Scope 2 and Net Carbon Intensity (NCI) targets over the next ten years. However, Shell’s operating plans cannot reflect our 2050 net-zero emissions target and 2035 NCI target, as these targets are currently outside our planning period. In the future, as society moves towards net-zero emissions, we expect Shell’s operating plans to reflect this movement. However, if society is not net zero in 2050, as of today, there would be significant risk that Shell may not meet this target.

Forward Looking Non-GAAP measures

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About Ducati

Ducati Motor Holding S.p.A. - A Sole Shareholder Company - A Company subject to the Management and Coordination activities of AUDI AG

Founded in 1926, since 1946 Ducati has been manufacturing sport-inspired motorcycles characterised by high-performance engines, innovative design and cutting-edge technology. The Ducati factory is located in Bologna’s Borgo Panigale district. The model range covers several market segments with the following families: DesertX, Diavel, XDiavel, Hypermotard, Monster, Multistrada, Panigale, Streetfighter and SuperSport. In 2015, Ducati presented the Ducati Scrambler: a new brand made of bikes, accessories and apparel that that stands out for its creativity and self-expression. In 2020, Ducati unveiled the Multistrada V4, the world's first motorcycle equipped with front and rear radar, which with its technology marks a new milestone for the world of two wheels. Ducati’s iconic motorcycles, together with an extensive range of bike accessories and technical and lifestyle apparel, are distributed in 90 countries worldwide. In 2021, Ducati delivered 61,562 bikes to customers. Ducati competes with official teams in the MotoGP World Championship and Superbike World Championship. In MotoGP, where the Company has been racing since 2003, Ducati won the Constructors' title in 2007, 2020, 2021 and 2022, the Teams' title in 2007, 2021 and 2022 and the Rider’s title in 2007 and 2022, becoming two times World Champion. In Superbike, Ducati has won 18 Constructors' titles and 15 Riders' titles, confirming its position as the most successful manufacturer in the category. 2022 marked an unprecedented year for Ducati: for the first time in its history, the Company won the Triple Crown in both the MotoGP and Superbike World Championships. From 2023 until 2026, the motorcycle manufacturer will be the sole official supplier of motorbikes for the FIM Enel MotoE™ World Cup, the electric class of the MotoGP World Championship.