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Dividends on B Shares will be paid, by default, in pounds sterling at the rate of 26.72p per B Share. Holders of B Shares who have validly submitted euro currency elections by November 26, 2010 will be entitled to a dividend of €0.3138 per B Share. This dividend will be payable on December 17, 2010 to those members whose names were on the Register of Members on November 5, 2010. Taxation cash dividends Dividends on A Shares will be subject to the deduction of Netherlands dividend withholding tax at the rate of 15%, which may be reduced in certain circumstances. Provided certain conditions are met, shareholders in receipt of A Share dividends may also be entitled to a non-payable dividend tax credit in the United Kingdom. Shareholders resident in the United Kingdom, receiving dividends on B Shares through the Dividend Access Mechanism, are entitled to a tax credit. This tax credit is not repayable. Non-residents may also be entitled to a tax credit, if double tax arrangements between the United Kingdom and their country of residence so provide, or if they are eligible for relief given to non-residents with certain special connections with the United Kingdom or to nationals of states in the European Economic Area. The amount of tax credit is 10/90ths of the cash dividend, the tax credit referable to the third quarter 2010 interim dividend of US$0.42 (26.72p or €0.3138) is US$0.05 (2.97p or €0.0349) per ordinary share and the dividend and tax credit together amount to US$0.47 (29.69p or €0.3487). Shell |