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Voting Rights and Capital

1. Shell plc reports total voting rights of 5,750,420,233 shares. 2. No shares are held in treasury according to latest disclosure. 3. Shares include those from current share buyback program not yet canceled.

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Why Bullish?

The share buyback program typically signals confidence in financial health, often supporting share prices. Historical trends show similar announcements generally lead to a positive price reaction in major firms.

How important is it?

The announcement's relevance to SHEL's financial strategy and investor sentiment may influence stock performance. Given the prominence of share buybacks in driving stock value, it is a significant factor for investors.

Why Short Term?

The immediate impact of voting rights disclosures and share buybacks likely influences short-term trading sentiments. Recent buyback announcements have led to swift price increases in the past.

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November 28, 2025 11:41 ET  | Source: Shell plc Total Voting Rights In conformity with the Disclosure Guidance and Transparency Rules, we hereby notify the market of the following: Shell plc's capital as at November 28, 2025, consists of 5,750,420,233 ordinary shares of €0.07 each. Shell plc holds no shares in Treasury. The figure, 5,750,420,233, may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, Shell plc under the FCA's Disclosure Guidance and Transparency Rules. Note: This announcement is made pursuant to Disclosure Guidance and Transparency Rule 5.6.1 and as such, the above figure includes shares purchased by Shell plc as part of its share buy-back programme but not yet cancelled. Enquiries Shell Media RelationsInternational +44 (0)207 934 5550; U.S. and Canada: Contact form

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