Your pension at Shell

Stichting Shell Pensioenfonds Your pension at Shell Regulations VI as of 1 January 2018

REGULATIONS VI AS OF 1 JANUARY 2018 2 CONTENT 1 DEFINITIONS 5 1.1 General 1.2 Specific 2 PARTICIPATION 8 2.1 Conditions for participation 2.2 End of participation 3 PROVISION OF INFORMATION 9 3.1 Obligations of participants, former participants, pension beneficiaries, partners, former partners and children 3.2 Provision of information by the pension fund 4 FUNDING 11 4.1 Participant s contribution 4.2 Payment participant s contribution 4.3 Employer s contribution 4.4 Payment reservation 5 RETIREMENT AGE 12 6 PARTICIPANTS PENSION ENTITLEMENTS 12 7 INCOMING VALUE TRANSFER 12 8 RETIREMENT PENSION 12 8.1 Retirement pension 8.2 Retirement pension for participants in part-time service 9 COHABITATION OTHER THAN ON THE BASIS OF MARRIAGE OR LEGALLY REGISTERED PARTNERSHIP 13 9.1 Enrollment of the partner 9.2 Documents to be submitted on enrollment 9.3 Conditions for granting a partner s pension as referred to in article 10.1 or a special partner s pension as referred to in article 11.1 9.4 Commencement date of the joint household 9.5 Alternative to the document specified in article 9.2 9.6 Termination of the joint household or cohabitation agreement 10 PENSION ENTITLEMENTS ON THE DEATH OF THE PARTICIPANT, FORMER PARTICIPANT OR RETIREE 14 10.1 Partner s pension 10.2 Orphan s pension SSPF Regulations VI as of 1 January 2018

REGULATIONS VI AS OF 1 JANUARY 2018 3 11 DIVORCE 16 11.1 Special partner s pension 11.2 Settlement of retirement pension 12 INCAPACITY FOR WORK 18 13 DEDUCTION STATUTORY INCAPACITY BENEFIT 20 14 PENSION ACCRUAL DURING INCAPACITY FOR WORK, PARENTAL LEAVE AND UNPAID LEAVE 20 14.1 Pension accrual during incapacity for work 14.2 Pension accrual during parental leave or unpaid leave 15 TERMINATION OF PARTICIPATION ON OR BEFORE THE RETIREMENT DATE 22 16 OUTGOING VALUE TRANSFER 23 17 FLEXIBILITY OPTIONS 23 17.1 Part-time retirement 17.2 Early retirement 17.3 Deferred retirement 17.4 Flexibility options on the retirement date 17.5 Restriction of flexibility options 18 PAYMENT OF PENSIONS 28 18.1 Determination in euros 18.2 Pension payments 18.3 Commutation of small pensions 19 INDEXATION 29 19.1 Unconditional indexation of deferred and commenced pensions 19.2 Conditional indexation of deferred and commenced pensions of former participants and retirees 19.3 Discretionary indexation of deferred and commenced pensions of former participants and retirees 19.4 Unconditional indexation of participants entitlements 20 ALIENATION AND SECURITY 30 21 FINAL PROVISIONS 30 21.1 Special cases 21.2 Payment not effected in the case of crime 21.3 Applicable law and settlement of disputes 21.4 Reduction of pension entitlements and pension rights by the pension fund 21.5 Amendment of pension agreement 22 SCOPE, ENTRY INTO FORCE AND AMENDMENT 31 22.1 Scope in the period 1 january 2014 until 1 january 2015 22.2 Scope in the period 1 january 2015 until 1 january 2017 22.3 Scope as of 1 january 2017 22.4 Entry into force 22.5 Amendment

REGULATIONS VI AS OF 1 JANUARY 2018 4 TRANSITIONAL PROVISIONS 34 1. The merging of regulations 1, regulations II, regulations III, regulations IV, regulations V, billiton former regime regulations, billition regulations nederland, billiton regulations abroad a and billiton regulations abroad b as applied up to and including 31 december 2016 with the present regulations as of 1 january 2017 2. Retirement date 3. Termination date temporary retirement pension 4. Maintaining as of 1 january 2017 compensation uninsured years accrued as of 31 december 2005 under regulations 1, regulations II, regulations III, regulations IV, regulations V, billiton former regime regulations, billiton regulations nederland, billition regulations abroad a and billiton regulations abroad b, as applied up to and including 31 december 2016 5. Maintaining as of 1 january 2018 of the compensation uninsured years accrued as of 31 december 2005 under regulations IV 6. Commencement date ongoing partner s pension and orphan s pension 7. End date supplementary partner s pension 8. Reduction ongoing partner s pension 9. Reduction partner s pension with (a) granted (special) partner s pension (s) if the special partner(s) dies/die before the retiree 10. Orphan s pension 11. Deduction parallel pensions 12. Restriction of flexibility options 13. Incapacity for work on or before 1 january 2014 14. Incapacity for work as of 1 february 2014 until 1 february 2018 15. Incapacity for work as of 1 february 2014 until 1 february 2015 16. Deduction statutory disability benefit 17. Indexation 18. Retirement pension increase 19. Aow compensation 20. Conversion of pension entitlements with retirement age 67 to pension entitlements with retirement age 68 as of 1 january 2018

REGULATIONS VI AS OF 1 JANUARY 2018 5 1 DEFINITIONS 1.1 General The definitions of the terms used in the Articles of Association of Stichting Shell Pensioenfonds also apply to the present Regulations, unless expressly stipulated otherwise in the present Regulations. The present Regulations do not distinguish between gender; wherever he is used or implied in the text, this also refers to she, and vice versa. 1.2 Specific In the present Regulations, the following terms have the following meanings: Incapacity for work The situation in which a Participant is totally and permanently or partially unfit for work within the meaning of the WIA (Work and Income (Capacity for Work) Act). AOW retirement age For a Participant, former Participant or Retiree: the AOW statutory retirement age according to the General Old Age Pensions Act as applicable on the Retirement Date. For a Participant, Former Participant or Retiree: the AOW statutory retirement age according to the General Old Age Pensions Act on the first day of the month following the month in which the Participant, Former Participant or Retiree died. Board The Board of the Pension Fund. Special Partner The Partner of a Participant, Former Participant or Retiree to whom, within the context of a Divorce, the dissolution of marriage by the granting of a judicial separation, termination of the legally registered partnership or termination of the joint household or of the cohabitation agreement as referred to in Article 9.6 (otherwise than through death or disappearance or by conversion into marriage) an entitlement to a special partner s pension is granted on the basis of Article 11.1 or on the basis of Regulations prior to the present regulations. Participant The Employee or former Employee who has joined the Pension Fund pursuant to Article 2 and for whom pension entitlements are accrued according to the provisions of the present Regulations. Part-time percentage The relationship, expressed as a percentage, between the number of hours that a Part-time Employee works on the basis of his employment contract and the standard number of hours for the position in question. Part-time Employee An Employee with an employment contract on the basis of which fewer hours are worked than the standard number of hours for that position.

REGULATIONS VI AS OF 1 JANUARY 2018 6 Third Threshold The 100 percent salary of salary group 3, as is being used in the Shell Nederland B.V. reward programme. The Third Threshold is adjusted each year as of 1 February. First Threshold The 100 percent salary of salary group 15, as is being used in the Shell Nederland B.V. reward programme. The First Threshold is adjusted each year as of 1 February. Former Participant A person for whom pension entitlements are no longer accrued according to the provisions of the present Regulations and to whom non-contributory pension entitlements have been granted that are not yet payable. Retiree A person who receives a retirement pension from the Pension Fund according to the provisions of the present Regulations. Child - a child whose parent is a Participant, Former Participant or Retiree within the meaning of the Dutch Civil Code; - a child who is maintained by a Participant, Former Participant or Retiree on the basis of a liability for maintenance within the meaning of the Dutch Civil Code; - other children who in the opinion of the Pension Fund are maintained as his own children by the Participant, Former Participant or Retiree. Partner The individual who: 1. is married to the Participant or Former Participant or Retiree before the latter s Retirement Date, or 2. has entered into a registered partnership with the Participant or Former Participant or Retiree before the latter s Retirement Date, or 3. is cohabiting with the Participant or Former Participant or Retiree without being married and without entering into a registered partnership with whom the unmarried Participant or Former Participant or Retiree, who has not already entered into a registered partnership, maintains a joint household, provided that: - they are not directly related by blood or marriage, and - the joint household was set up before the Retirement Date. Only one person, who is to be determined by the Board, is considered to be the Partner for the purpose of the present Regulations. Partnership Marriage, legally registered partnership or cohabitation under the conditions as referred to in Article 9. Pension Base Salary The latest Annual Salary plus the lump-sum payments in April and December, each equal to one month s salary (insofar as these apply to the Participant in question), but not including any Pensionable Supplement(s). When notifying the Pension Fund of this, the Employer indicates the date from which the Pension Base Salary is effective.

REGULATIONS VI AS OF 1 JANUARY 2018 7 Retirement Date The last day of the month in which the Participant or Former Participant reaches the Retirement Age. Pension Fund Stichting Shell Pensioenfonds. Pension Beneficiary A person who is receiving a pension according to the provisions of the present Regulations. Retirement Age The age as referred to in Article 5. Pension Base The Pension Base Salary plus any Pensionable Supplements, subsequently increased by 3 percent as far as the salary up to the Third Threshold is concerned. Pension Years The period of continuous participation, rounded off to a full number of days, as formulated in the present Regulations, for the purposes of which a calendar year is considered to have 365 days for the purpose of rounding off. In the present Regulations, Pension Years are also understood to mean years obtained from an incoming value transfer of pension entitlements from a different pension scheme to the Pension Fund s pension scheme as referred to in Article 7, as well as years obtained from an internal value transfer of pension entitlements to the Pension Fund from previous periods of participation in the Pension Fund. If in the case of a Participant being a Part-time Employee future Pension years are taken into consideration when calculating a pension, the latest applicable Part-time percentage applies for said period, unless it is stipulated in the employment contract that the Part-time percentage will be changed at a later date. In that case the changed Part-time percentage will be presumed as of that date. Pensionable Supplement A supplement of a permanent nature that the Employer has designated as pensionable and of which the Pension Fund has been notified and which is expressed as a percentage of the Pension Base Salary. The Employer indicates the date from which the Pensionable Supplement commences, any changes in the level of the Pensionable Supplement and the date on which the Pensionable Supplement ends. Regulations Regulations VI. Constitution The Constitution of Stichting Shell Pensioenfonds. Grant date The day partnership ends in accordance with Article 2.2. Second Threshold The 100 percent salary of salary group 6, as is being used in the Shell Nederland B.V. reward programme. The Second Threshold is adjusted each year as of 1 February.

REGULATIONS VI AS OF 1 JANUARY 2018 8 UWV Institute for Employee Benefit Schemes (Uitvoeringsinstituut werknemersverzekeringen). Fourth Threshold The gross amount of EUR 92,600.00 determined as of 1 January 2015. The Fourth Threshold is adjusted each year as of 1 February, with the same percentage as the percentage with which the amount as referred to in Article 18ga paragraph 1 of the Wages and Salaries Tax Act 1964 was adjusted at the beginning of the calendar year. WAO Disability Insurance Act. Employee A person who carries out work for an Employer on the basis of a contract of employment under civil law. Employer A member company. WIA Work and Income according to Labour Capacity Act. 2 PARTICIPATION 2.1 Conditions for participation 2.1.1 Employees falling within an admitted category may join the Pension Fund as Participant. Shell Nederland B.V. shall decide which admitted categories there shall be. The Employer then decides which of its Employees belong to an admitted category. 2.1.2 As of 1 July 2013 no employees can (once again) join the Pension Fund as Participant, regardless of whether these are Employees who were employed before that date by a Shell member company or any other group company. 2.2 End of participation 2.2.1 Participation shall end on the day the Participant no longer belongs to an admitted category, but in any case on the Retirement Date. 2.2.2 Notwithstanding the previous paragraph participation is considered to continue following termination of employment, provided the person is entitled to non-contributory continuation of pension accrual on account of disability as referred to Article 14.1. 2.2.3 In the case of partial termination of employment on account of partial Incapacity for work, the provisions of article 2.2.2 shall apply in proportion to the degree of Incapacity for work. The provisions of articles 1.2, 4.1.3, 8.2, 12.6, 14.1.7, 14.2.1, 17.1 and 17.2.3 of the present Regulations relating to part-time service shall apply to the proportion that the employment continues.

REGULATIONS VI AS OF 1 JANUARY 2018 9 3 PROVISION OF INFORMATION 3.1 Obligations of participants, former participants, pension beneficiaries, partners, former partners and children 3.1.1 Those entitled to or claiming any disbursement from the Pension Fund are obliged to furnish the Pension Fund with all the data and documentation, which, in the judgement of the Pension Fund, are necessary for the correct implementation of the Constitution and the present Regulations. 3.1.2 If a Participant, Former Participant or Pension Beneficiary has provided incorrect information or has omitted information, as a result of which a pension claim or entitlement has not been determined correctly, the Pension Fund establishes the entitlement or right on the basis of the correct data, or if the correct data are missing data established by the Pension Fund to the best of its knowledge. Any insufficient or excess amounts shall be settled with the relevant party accordingly. This provision also applies to the Partner, Former Partner and Children of the Participant, Former Participant or Retiree. 3.1.3 No disbursement or only partial disbursement shall be effected while the provisions of Article 3.1.1 have not been met in the judgement of the Pension Fund. 3.2 Provision of information by the pension fund 3.2.1 The Pension Fund informs the Participants of all changes in the Constitution and the present Regulations which are applicable to them. 3.2.2 The Pension Fund enables the remaining interested parties to take note of the applying Constitution and Regulations should they wish to. The Pension Fund makes information available on its website as stipulated in Article 46a of the Pensions Act, including information about the pension scheme, information about administration costs, the statement of investment policy principles and the annual report. 3.2.3 Each year the Pension Fund provides the Participant with a statement of his accrued pension entitlements and the pension entitlements to be accrued in the future. Moreover, each year information on indexation is provided. Furthermore, each year a statement is provided of the value increase of the pension entitlements attributable to the calendar year in question in accordance with the Law on Income Tax 2001 and stipulations based on that law. 3.2.4 At the end of his Participation the Pension Fund issues a statement of accrued pension entitlements and information about indexation to the Participant and other information relevant to the Participant regarding the termination of his Participation, as well as information about circumstances concerning the operations of the Pension Fund. 3.2.5 Each year the Pension Fund provides the Participant with a statement of his accrued pension entitlements, as well as information about indexation. Within three months after a change in indexation policy, the Pension Fund informs the Former Participant about said change.

REGULATIONS VI AS OF 1 JANUARY 2018 10 3.2.6 As proof of a pension having been granted, the rightful claimant is provided with a statement of the pension amount and the commencement day of the pension. In case the Grant Date is not the date on which pension payment starts, this information is provided again once the pension payment starts. Upon commencement of the pension information is also provided about the payments and indexation, as well as other information that is of importance to the Pension Beneficiary, specifically in the context of the pension commencement. 3.2.7 Upon request of the Participant or Former Participant the Pension Fund issues a statement of the accrued pension entitlements within three months. 3.2.8 At the request of the Participant or Former Participant the Pension Fund within three months will issue a statement of the registered participation years as referred to in Article 10ab of the Implementation order payroll tax 1965. Together with this all documents in writing, as far as the Pension Fund has these at its disposal, will be provided that may demonstrate that periods prior to an incoming value transfer realized before 1 January 2005 as referred to in Article 7, can count as participation years. This information will also be provided to the pension provider taking on the pension entitlements. 3.2.9 Each year the Pension Fund provides the Pension Beneficiary with a statement of the pension amount, and information about indexation. The Pension Fund also informs the Pension Beneficiary within three months after a change in indexation policy about said change. 3.2.10 3.2.10 Upon request, the Pension Fund provides Participants, Former Participants, Retirees and their Partners, former Partners and Children and their representatives with: a. all relevant information about changes in pension scheme provisions within a reasonable period; b. clear and essential information about the target level of pension payments and the level of pension payments in case of ending participation; c. agreements concerning value transfer as referred to in Article 16. 3.2.11 The Pension Fund provides Claimants and Pension Beneficiaries settling from the Netherlands abroad or settling in the Netherlands coming from abroad, with information about their pension entitlements, pension rights and the flexibility options available to them according to the provisions of the present Regulations. 3.2.12 The Pension Fund will provide the information as referred to in this Article with due observance of the rules set with regard to this by and pursuant to the Pensions Act. The Pension Fund may choose to provide information electronically. The Pension Fund informs the Participant, Former Participant, the Special Partner or Pension Beneficiary in writing of its intention to provide the information electronically. If the Participant, Former Participant, Special Partner or Pension Beneficiary objects to the provision of information electronically, the Pension Fund will provide the information in writing.

REGULATIONS VI AS OF 1 JANUARY 2018 11 4 FUNDING 4.1 Participant s contribution 4.1.1 The Participant is liable to pay a monthly contribution during the period of his Participation. 4.1.2 As of 1 January 2015 the contribution to be paid by the Participant is 2% of the Pension Basis up to the Fourth Threshold. 4.1.3 For Participants who are part-time Employees, the contribution to be paid is determined by multiplying the contribution on a full-time basis, calculated in accordance with Article 4.1.2, by the Part-time percentage applicable to the Participant. 4.2 Payment participant s contribution The contribution as referred to in Article 4.1.2 is to be paid in twelve monthly installments. The Employer deducts the contribution from the salary and pays the contribution to the Pension Fund. 4.3 Employer s contribution The costs of the pension scheme not covered by the Participant s contribution will be borne by the Employer on the basis of the administration agreements between the Pension Fund and the Employing Company, including Shell Petroleum. 4.4 Payment reservation 4.4.1 In the event of a drastic change in circumstances, the Employer is authorised, with the consent of Shell Petroleum, and on notification to the Board in writing, to terminate the payment of contributions in respect of future service for one or more groups of Participants in the service of the company in question, insofar as this concerns the employer s contribution. In that event such obligation in respect of such Participants shall cease on a date to be indicated by the Employing Company concerned. An Employer who has availed itself of this authority shall, however, continue to be liable to make contributions in respect of service prior to that date. 4.4.2 The Participants, in respect of whom an Employer s obligation to pay employer s contributions for future service has terminated, shall for the purposes of the Constitution and the present Regulations be regarded as being transferred, as from the date on which the obligation terminated, to the service of a Group company which is not a member company. They shall be advised of this as soon as possible.

REGULATIONS VI AS OF 1 JANUARY 2018 12 5 RETIREMENT AGE The Retirement Age is 68, or as much lower or higher as determined with due regard to Articles 17.1, 17.2 and 17.3. 6 PARTICIPANTS PENSION ENTITLEMENTS According to the provisions of the Pensions Act, the pension scheme is characterized as a benefit agreement. With due regard to the stipulations of the present Regulations, Participation confers an entitlement to: - - retirement pension (Articles 8, 14 and 15.1.1); - partner s pension (Article 10.1); - orphan s pension (Article 10.2); - disability pension (Article12). 7 INCOMING VALUE TRANSFER If a Participant has purchased non-contributory pension entitlements with the pension provider of a previous employer prior to participation, the Pension Fund shall cooperate in arranging the transfer of these pension entitlements provided that the Participant has submitted a request to the Pension Fund for a value transfer and the Pension Fund receives the value of the aforementioned non-contributory entitlements. The received value shall be converted into additional pension entitlements under the present Regulations. Such a value transfer is effected in accordance with the statutory regulations governing value transfer. 8 RETIREMENT PENSION 8.1 Retirement pension 8.1.1 The retirement pension commences on the day following the Retirement date and is paid up to and including the last day of the month in which the Retiree dies. 8.1.2 As of 1 January 2015 daily accrual of the retirement pension takes place through the average wage scheme and is: a. 1.12% of the part of the Pension Basis up to the First Threshold, divided by 365; and b. 2.05% of the part of the Pension Basis between the Third and Fourth Threshold, divided by 365. In total, the retirement pension is the sum of all daily accrued pension entitlements plus the entitlements accrued in accordance with the final pay scheme that was in effect up to and including 31 December 2014 in the present Regulations. For the purpose of calculating retirement pension a year is considered to consist of 360 days.

REGULATIONS VI AS OF 1 JANUARY 2018 13 8.2 Retirement pension for participants in part-time service The following applies to Participants in part-time service: 8.2.1 The Pension Base Salary pertaining to the standard number of hours associated with that position is taken for determining the Pension Base. 8.2.2 The part-time Employee accrues pension in proportion to the Part-time percentage applying to him. 9 COHABITATION OTHER THAN ON THE BASIS OF MARRIAGE OR LEGALLY REGISTERED PARTNERSHIP 9.1 Enrollment of the partner An unmarried Participant of Former Participant can enroll a Partner as referred to in Article 1 Partner, under 3. The enrollment must take place before the Retirement Date by means of the relevant form. 9.2 Documents to be submitted on enrollment The Participant or Former Participant must demonstrate the existence of a joint household. With due regard to the provisions of article 9.5 upon enrolment an authenticated copy or extract of a notarial cohabitation agreement must be submitted, showing that the Participant or Former Participant has designated that Partner as the beneficiary of a partner s pension arrangement. After enrolment by means of the form intended for that purpose, the Pension Fund shall inform the Participant or Former Participant in writing whether such an arrangement is a joint household within the meaning of this article. The enrolment shall not be considered as definite until the Pension Fund has stated that such an arrangement is a joint household. 9.3 Conditions for granting a partner s pension as referred to in article 10.1 or a special partner s pension as referred to in article 11.1 The following conditions apply to the granting of a partner s pension or special partner s pension on the death of a Participant, Former Participant, or Retiree or the termination of a joint household as referred to in the present Regulations: a. the Partner must be fully enrolled with the Pension Fund prior to the death of the Participant, Former Participant or Retiree; and b. the Partner must demonstrate to the Pension Fund s satisfaction that there was a joint household on the date of the death of the Participant, Former Participant or Retiree or on the date when said joint household was terminated; and c. the joint household must have been in existence for at least six months on the date of death or on the date when said joint household was terminated. A joint household is deemed to exist in principle if on the date of death or the date when said joint household was terminated the notarial deed as referred to in article 9.2 was still in effect and the parties in question were still living at the same address and were unmarried and had not entered into a legally registered partnership.

REGULATIONS VI AS OF 1 JANUARY 2018 14 9.4 Commencement date of the joint household The commencement date of the joint household as referred to in the present Regulations shall be deemed to be the execution date of the notarial deed as referred to in article 9.2, unless it is demonstrated that the joint household was commenced at some earlier time. In that case, the date of actual commencement shall be taken. 9.5 Alternative to the document specified in article 9.2 Demonstrating the existence of a joint household, if not feasible by means of the documents as referred to in article 9.2 for certain reasons, such as residence outside the Netherlands, shall be effected by means of documents that the Pension Fund judges to be equivalent. 9.6 Termination of the joint household or cohabitation agreement If the joint household or cohabitation agreement is terminated other than by the death of the Participant, Former Participant or Retiree, the Partner is entitled to a special partner s pension as described in article 11.1. The Participant, Former Participant or Retiree notifies the Pension Fund in writing of the termination of the joint household or cohabitation agreement no later than 30 days from said termination. 10 PENSION ENTITLEMENTS ON THE DEATH OF THE PARTICIPANT, FORMER PARTICIPANT OR RETIREE On the death of the Participant, Former Participant or Retiree the Partner with whom the Participant, Former Participant or Retiree is in a partnership at the moment of death, or the children of the Participant, Former Participant or Retiree is/are entitled to a partner s or orphan s pension in accordance with the provisions of Articles 10.1 and 10.2. At that moment any special partner s pension(s) granted on the basis of previous Regulations shall be paid. 10.1 Partner s pension 10.1.1 Elements of partner s pension A partner s pension consists of an ongoing partner s pension and supplementary pension. 10.1.2 Ongoing partner s pension 10.1.2.1 The person who on the day the Participant, Former Participant or Retiree died, was his partner and met the conditions of Articles 1 and 9 is entitled to an ongoing partner s pension. 10.1.2.2 The ongoing partner s pension commences on the first day of the month following that in which the Participant, Former Participant or Retiree died and is paid up to and including the month in which the Partner dies.

REGULATIONS VI AS OF 1 JANUARY 2018 15 10.1.2.3 The ongoing partner s pension is 70 per cent of the retirement pension as referred to in Article 8.1.2. In the event of the death of a Participant, when determining the ongoing partner s pension the fictional assumption is made that the Participant would have remained Participant until his Retirement Date, and a maximum as referred to in Article 14.1.1 is cancelled. In the event of the death of a Former Participant or Retiree, the ongoing partner s pension is the entitlement to an ongoing partner s pension at the Grant date, plus possible indexations granted according to the provisions in Article 19. 10.1.3 Supplementary partner s pension 10.1.3.1 In case the Partner is entitled to an ongoing partner s pension as referred to in Article 10.1.2 and the Partner on the death of the Participant, Former Participant or Retiree has not yet reached the AOW retirement age applicable to him, the Partner is granted a supplementary partner s pension. 10.1.3.2 The supplementary partner s pension on a risk basis commences on the first day of the month following that in which the Participant died and is paid up to and including the month in which the Partner reaches his AOW retirement age. 10.1.3.3 The supplementary partner s pension accrued up to and including 31 December 2016, plus any indexation granted according to the stipulations of Article 19, commences on the first day of the month following that in which the Participant, Former Participant or Retiree died and is paid up to and including the month in which the Partner reaches his AOW retirement age. 10.1.3.4 The supplementary partner s pension is 1.6 per cent of the First Threshold for each Pension Year. For this calculation the point of departure is the First Threshold as applicable on the Grant Date. In the event of the death of a Participant, when determining the supplementary partner s pension, the fictional assumption is made that the Participant would have remained Participant until his Retirement Date, and a maximum as referred to in Article 14.1.1 is cancelled. In the event of the death of a Former Participant or Retiree, the supplementary partner s pension is the entitlement to supplementary partner s pension on 31 December 2016, plus any indexations granted according to the stipulations of Article 19. 10.1.3.5 During the period in which the Former Participant, immediately after the termination of participation, is entitled to unemployment benefit on the basis of the unemployment law or is entitled to an unemployment benefit of his country of residence, the Former Participant preserves his entitlement to a supplementary partner s pension on a risk basis as referred to in this Article 10.1.3. 10.1.4 Reduction partner s pension with (a) granted special partner s pension(s) A partner s pension to be granted is reduced with the sum of the special partner s pension(s) of (a) Special Partner(s). The reduction is not applied at the commencement of the partner s pension if the Special Partner died before the Retirement date, except in the case of conversion of a special partner s pension as referred to in Article 11.2.5.

REGULATIONS VI AS OF 1 JANUARY 2018 16 10.2 Orphan s pension 10.2.1 The children of a deceased Partner, Former Partner or Retiree are entitled to an orphan s pension. 10.2.2 The orphan s pension commences on the first day of the month following that in which the Participant, Former Participant or Retiree dies and is paid: - up to and including the month in which the Child reaches the age of 18; or, - if the Child is aged 18 or over, spends the majority of his time studying and would have been dependent on the Participant, Former Participant or Retiree if the Participant, Former Participant or Retiree had not died, up to and including August of the study year in which the Child finishes his studies, but no later than up to and including August following the date on which the Child reaches the age of 24; or - up to and including the month in which the Child dies. 10.2.3 The orphan s pension amounts to 14 per cent of the ongoing and supplementary partner s pension for each Child. In the event of the death of a Participant, when determining the orphan s pension, the fictional assumption is made that the Participant would have remained Participant until his Retirement Date, and a maximum as referred to in Article 14.1.1 is cancelled. In the event of the death of a Former Participant or Retiree, the point of departure for calculation is the entitlement to the ongoing partner s pension on the Grant Date and the supplementary partner s pension on 31 December 2016, plus any indexations granted according to the provisions of Article 19. When determining the orphan s pension, the consequences of conversion as described in article 17.4.1 and/or a reduction with (a) special partner s pension(s) as mentioned in article 10.1.4 are not taken into account for the partner s pension on which the orphan s pension is based. 10.2.4 The orphan s pension, as mentioned in Article 10.2.3, is doubled for a Child who is a full orphan. This shall occur when the orphan s pension is granted or with effect from the first day of the month following that in which the Child has become a full orphan. A Child is a full orphan if there is no other person who maintains the Child at the time when the orphan s pension is granted, or becomes a full orphan at the time when said other person dies after the orphan s pension has been granted. 11 DIVORCE 11.1 Special partner s pension 11.1.1 In the event of divorce (which for the purpose of this Article 11.1 shall be taken to mean divorce, the dissolution of the marriage after separation, the termination of the registered partnership or of the joint household or the cohabitation agreement as referred to in Article 9.6 (otherwise than through death or disappearance or by conversion into marriage)), the Former Partner of the Participant, Former Partner or Retiree is granted an entitlement to a special partner s pension. 11.1.2 The Special Partner s pension shall commence on the first day of the month following that in which the Participant, Former Participant or Retiree has died and shall be paid up to and including the month in which the Special Partner dies. In this context Former Participant is also taken to mean the person who has become a Former Participant in accordance with the stipulations of the present Regulations and for whom a value transfer as referred to in Article 16 has taken place.

REGULATIONS VI AS OF 1 JANUARY 2018 17 11.1.3 In case the divorce takes place before the participation has terminated, the special partner s pension is the non-contributory entitlement to partner s pension which would have been acquired should the participation have ended on the divorce date. Should the divorce take place after participation has ended, the special partner s pension is the entitlement on the Grant Date, plus any indexations granted in accordance with the stipulations of Article 19.1, 19.2 or 19.3. 11.1.4 The provisions of article 11.1.1 shall not apply if the Participant, Former Participant or Retiree and the Former Partner settle otherwise in the conditions of the partnership or in a written agreement in consideration of the divorce. Such conditions or agreement shall only be valid if the Pension Fund has issued a written statement of consent and is prepared to cover the pension risk ensuing therefrom or to adjust the level of payment. 11.1.5 The parties shall inform the Pension Fund of their divorce by means of an extract form the Civil Register. 11.1.6 The Pension Fund will provide the Special Partner with a statement of the pension entitlement granted, as well as information about indexation and other specific information relevant for the Special Partner with regard to divorce. The Pension Fund will also issue subsequent annual statements regarding pension entitlements granted and information about indexation. Furthermore, the Special Partner is informed of changes to the indexation policy within three months after said change. 11.2 Settlement of retirement pension 11.2.1 In the case of divorce (which for the purpose of this article 11.2 shall be taken to mean divorce, separation or the termination of the registered partnership otherwise than by death, disappearance or by conversion of a registered partnership into marriage) after 30 April 1995 the Partner or Former Partner concerned of the Participant, Former Participant or Retiree is entitled to payment of part of the retirement pension by the Pension Fund in accordance with the Pension Settlement (Divorce) Act, provided that the Participant, Former Participant or Retiree or the Partner or Former Partner concerned have notified the Pension Fund of this within two years after the divorce date through the legally prescribed form. 11.2.2 Without prejudice to the provisions of the Pension Settlement (Divorce) Act, payment of the entitlement stated in Article 11.2.1 shall commence on the Retirement Date but not earlier than one month after the date on which the Pension Fund receives the form as referred to in Article 11.2.1. The right to payment shall end on the date when the entitlement to retirement pension terminates or at the end of the month in which the Partner or Former Partner dies. 11.2.3 The provisions of Article 11.2.1 shall not apply if the Participant, Former Participant, or Retiree and the Partner or Former Partner have excluded the applicability of the Pension Settlement (Divorce) Act by means of a marriage settlement or in the conditions of the registered partnership or by a private written agreement in consideration of the divorce. 11.2.4 Notwithstanding the provisions of Article 11.2.1 the pension settlement referred to in said article will not take place if the relevant payment entitlement at the time of divorce does not exceed the amount as referred to in section 66 of the Pensions Act.

REGULATIONS VI AS OF 1 JANUARY 2018 18 11.2.5 Under the Pension Settlement (Divorce) Act it is possible, exclusively in the case of divorce or termination of the legally registered partnership otherwise than through death or disappearance or by conversion of a legally registered partnership into marriage, for the spouses or registered partners to agree by means of a marriage settlement or in the conditions of the registered partnership or by private written agreement in consideration of the divorce, that the payment entitlement as referred to in Article 11.2.1 together with the entitlement to a special partner s pension described in Article 11.1 of the present Regulations may be converted into an own pension entitlement of the Former Partner. This conversion is subject to the following conditions: - With regard to the conversion an amount will be deducted from the retirement pension of the Participant, Former Participant or Retiree; this will be done regardless of whether the Partner or Former Partner is alive. - The Pension Fund may impose further conditions on the conversion. 11.2.6 The Pension Fund shall notify the Partner or Former Partner in writing of the entitlement on which conversion will be based. The Participant, Former Participant or Retiree shall receive a copy of this. 11.2.7 The payment entitlement mentioned in Article 11.2.1 of part of the retirement pension will be increased by any indexations granted in accordance with the provisions of Article 19.2 or 19.3. 12 INCAPACITY FOR WORK 12.1 A Participant is entitled to a disability pension if he is unfit for work. 12.2 For Participants working in the Netherlands, the degree of Incapacity for work is determined by the UWV. For Participants working outside the Netherlands, the degree of Incapacity for work is determined by an independent doctor or an independent occupational health expert pursuant to WIA regulations and guidelines. A Participant claiming a disability pension is obliged to fully co-operate with the Pension Fund and the persons acting on its behalf in order to obtain the information which in the Pension Fund s judgement is necessary for establishing the Incapacity for work. The same obligations shall apply each time the Pension Fund requires a medical investigation or the acquisition of information to establish whether a Participant receiving a disability pension still meets the criteria for Incapacity for work. 12.3 The disability pension commences on the first day of the month following that in which the Participant becomes unfit for work, but not earlier than the day on which the person in question is (partially) dismissed by the Employer, and is paid until the Retirement Date, or up to and including the last day of the month of the earlier termination of Incapacity for work, or up to and including the last day of the month in which the Participant dies, should the Participant die before his Retirement Date. 12.4 If at any time the Participant no longer meets the criteria for Incapacity for work, he shall no longer be entitled to the disability pension. At that time, participation shall be terminated and a non-contributory entitlement to a deferred pension shall be granted to the Former Participant as referred to in Article 15.2. If this Former Participant subsequently once again meets the criteria for Incapacity for work on the basis of the original illness or ailment, the disability pension can once again be restored. The Pension Fund may determine the recommencement date and may impose further rules and conditions.

REGULATIONS VI AS OF 1 JANUARY 2018 19 12.5 The disability pension is: a. 100% of the part of the Pension Base up to the Second Threshold; and b. 70% of the part of the Pension Base above the Second Threshold. Each year as of 1 February the disability pension is again determined on the basis of an adjusted Pension Base Salary. This adjusted Pension Base Salary is determined in accordance with the majority of the 100% salary of the salary groups 1 up to and including 15, as are being used in the Shell Nederland B.V. reward programme. In order to determine the disability pension as referred to before for Participants who are Part-time Employees, the disability pension is calculated on the basis of full-time employment, multiplied by the latest applying Part-time percentage, unless it is stated in the employment contract that the Part-time percentage will be changed at a later date. In that case the altered Part-time percentage will apply as of that date. 12.6 In case of partial incapacity for work, the disability pension is multiplied by a benefit percentage corresponding to the degree of Incapacity for work, which has been determined, on the basis of the following table: Degree of incapacity Disability pension benefit percentage 80% or higher 100% 65% to 80% 72.5% 55% to 65% 60% 45% to 55% 50% 35% to 45% 40% Up to 35% 0% 12.7 In the event of an increase or decrease in the Participant s degree of incapacity for work, the Pension Fund will determine an increased or decreased benefit percentage for the disability pension on the basis of the table in Article 12.6. An increase or decrease in the benefit percentage shall take place regardless of whether the Participant will enjoy more or less income from work than may be expected on the basis of the established remaining earning capacity. 12.8 Notwithstanding the provisions of Article 12.7, an increase in the degree of Incapacity for work of a Participant who is no longer an Employee of the Employer shall not lead to an increased benefit percentage for the disability pension, unless this increase is a direct consequence of the illness or infirmity on the basis of which the disability pension was calculated. 12.9 If, in the opinion of the Pension Fund, a Participant, on account of his Incapacity for work, may be entitled to benefits under the WAO, WIA or any other (statutory) disability benefit, the Participant is obliged to apply immediately for such a benefit on the instruction of the Pension Fund and to take all other measures necessary to obtain said benefit and to notify the Pension Fund as soon as he receives that benefit.

REGULATIONS VI AS OF 1 JANUARY 2018 20 12.10 If the Participant or Former Participant receives income from present or past employment during the period of his Incapacity for work, this income is deducted from the disability pension insofar as this income combined with the disability pension exceeds the salary as referred to in Article 12.5. The Participant or Former Participant is obliged to notify the Pension Fund of this income. 12.11 A Former Participant is entitled to a disability pension if there has been no outgoing value transfer in respect of said Former Participant as referred to in Article 16, and if he has received a benefit from the WAO, WIA or any other (statutory) disability benefit within 104 weeks after (part) termination of employment, provided that this Incapacity for work is the result of an illness or infirmity which existed on termination of participation as referred to in Article 2.2. The provisions of Article 12.2 up to and including Article 12.10 apply mutatis mutandis. 13 DEDUCTION STATUTORY INCAPACITY BENEFIT 13.1 The statutory disability benefit under the WAO, WIA or any other (statutory) disability benefit to which the (Former) Participant is entitled is deducted from the disability pension paid. 13.2 The statutory benefit under the WAO, WIA or any other (statutory) disability benefit to which the Retiree is entitled is deducted from the disability pension paid. The deduction amount is determined by multiplying the statutory disability benefit by the number of Pension years the retirement pension is based on and by dividing it by 43. 13.3 The Pension Fund may decide to disregard the deduction entirely or in part. 13.4 The deduction amount as referred to in Articles 13.1 or 13.2 over a year will not exceed the amount of the statutory disability benefit to which the (Former) Participant or Retiree is entitled in that same year. No account is taken of any voluntary surrender of a statutory disability benefit, unless the Pension Fund decides otherwise. 14 PENSION ACCRUAL DURING INCAPACITY FOR WORK, PARENTAL LEAVE AND UNPAID LEAVE 14.1 Pension accrual during incapacity for work 14.1.1 A Participant who is entitled to a disability pension as referred to in Article 12 is entitled to continue to accrue retirement pension, ongoing and supplementary partner s pension and orphan s pension, in accordance with the provisions of the present Regulations, during his period of incapacity for work, up to a certain maximum. This maximum is the lowest amount of the Pension Base and the Fourth Threshold, decreased by the AOW-benefit, and multiplied by the benefit percentage of the disability pension on the basis of the table in Article 12.6 The maximum is determined once only, on the day the Participant in question becomes entitled to a (changed) disability pension as referred to in Article 12 and is adjusted each year as described in Article 19.4.

REGULATIONS VI AS OF 1 JANUARY 2018 21 The AOW-benefit is taken to mean the full amount (including holiday bonus) of a married person entitled to AOW-benefit whose partner is also entitled to AOW-benefit, as applies in accordance with the stipulations of the General Old-age Pensions Act on 1 July prior to determining the Pension Base. 14.1.2 For Participants who become entitled to a disability pension as referred to in Article 12 as of 1 February 2015 and whose Pension Base on 31 December 2014 exceeds the gross amount of EUR 92,600.00, a higher maximum is determined, as an exception to the stipulations in Article 14.1.1. The higher maximum is between the Fourth Threshold applying on the day the Participant in question becomes entitled to a disability pension as referred to in Article 12 and the Pension Base on 31 December 2014. The Board determines specified calculation rules and may adjust these from time to time. 14.1.3 The maximum amount referred to in articles 14.1.1 and 14.1.2 does not apply if and insofar as the accrued retirement pension exceeds the maximum on the date the disability pension is granted. In that event the accrued retirement pension is the maximum. 14.1.4 The accrual of pension as referred to in Article 14.1.1 takes place on the basis of part of the (adjusted) Pension Base as referred to in Article 12.5 up to the Fourth Threshold. 14.1.5 For as long as the Participant receives a disability pension on the basis of Article 12, he is exempted from contribution payment as mentioned in Article 4. 14.1.6 The continuation of the accrual of pension as mentioned in Article 14.1.1 commences on the first day of the month following that in which the Participant becomes unfit for work, but not earlier than the day on which the person in question is (partially) dismissed by the Employer. The continuation ends as soon as and insofar as the Participant is no longer unfit for work, but no later than on the Retirement date. 14.1.7 Continuation of the accrual of pension as mentioned in Article 14.1.1 takes place in proportion to the degree of Incapacity for work. The percentage of the continued accrual of pension is equal to the established benefit percentage disability pension as referred to in Article 12.6. In the event of continuation of accrual of pension of a Part-time Employee, the Part-time Percentage will be used as applicable immediately preceding the commencement of Incapacity for work. 14.1.8 In the event of an increase or decrease in the Participant s degree of Incapacity for work, the Pension Fund will set an increased or decreased benefit percentage for the continued accrual of pension on the basis of the table in Article 12.6. Any increase or decrease in the continued accrual percentage takes place irrespective of whether the Participant will enjoy more or less income from work than may be expected on the basis of the established remaining earning capacity. 14.1.9 Notwithstanding the provisions of Article 14.1.8, an increase in the degree of Incapacity for work of a Participant who is no longer an Employee of the Employer will not lead to an increased percentage for the continued accrual of pension, unless this increase is a direct consequence of the illness or infirmity on the basis of which the disability pension was determined.