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Confirmation of preliminary and non-binding proposal by Arrow Energy Holdings Pty Ltd to Bow Energy Ltd

Today Arrow Energy Holdings Pty Ltd (“Arrow”) confirmed that it has made a preliminary, indicative and non-binding proposal to Bow Energy Ltd (“Bow Energy”) to acquire all of the issued capital in Bow Energy by way of scheme of arrangement or other agreed structure.

Arrow is a 50-50 joint venture company owned by subsidiaries of Royal Dutch Shell plc and PetroChina.

The discussions are exploring a range of opportunities and there is no certainty of any material developments resulting from the discussions.

Arrow is seeking to enter confidential discussions with Bow, and Arrow will provide updates as appropriate.

Enquiries

Shell Media Relations

International, UK, European Press: +31 70 377 3600

Shell Investor Relations

Europe: + 31 70 377 3996

United States: +1 713 241 2069

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