Shell Canada flags update on Royal Dutch Shell Offer



    CALGARY, March 17 /CNW/ - Shell Canada advises that Royal Dutch Shell
made the following announcement regarding the status of its takeover bid as of
March 16, 2007 and the extension of its offer to March 30, 2007. During the
extended offer, Shell Canada will continue to press ahead with its operations
and projects.
    "Shell Investments Limited" ("SIL"), a wholly-owned subsidiary of Royal
Dutch Shell plc, announced that as at 8:00 p.m. (Toronto time) on March 16,
2007 (the "Initial Expiry Time") 96,985,322 common shares in the capital of
Shell Canada Limited ("Shell Canada") were validly deposited to SIL's offer to
acquire, at a price of C$45.00 cash per common share, all of the outstanding
common shares of Shell Canada not already owned by SIL or its affiliates (the
"Offer").
    As the minimum deposit condition under the Offer has been met, SIL has
taken up and accepted for payment all of the common shares validly deposited.
The common shares taken up and accepted for payment represent approximately
53.1% of the outstanding common shares of Shell Canada not already owned by
SIL or its affiliates. SIL or its affiliates now own 740,294,180 common shares
of Shell Canada or approximately 89.6% of the outstanding common shares of
Shell Canada. Payment will be made on or before Wednesday, March 21, 2007 to
Shell Canada shareholders who have validly deposited their common shares under
the Offer.
    SIL also announced today that it has extended the Offer to 8:00 p.m.
(Toronto time) on March 30, 2007. SIL expects to mail a formal notice of
extension to Shell Canada shareholders shortly.
    Royal Dutch Shell Chief Executive Jeroen van der Veer commented "This is
a positive outcome, and a further step towards building on our strong position
in Canada, using the strengths that only a company of our global scale can
bring. This is an opportunity to create an integrated unconventional oil
business on an international scale."

    Legal Notice
    This release does not constitute an offer to purchase or a solicitation
of an offer to sell securities. Shareholders are advised to review the notice
of extension and any other relevant documents filed with securities regulatory
authorities by Royal Dutch Shell plc and Shell Canada Limited because they
will contain important information, including full details of the offer, as
extended, and its terms and conditions.




For further information:

For further information: Investor Contacts: Ken Lawrence, Manager,
Investor Relations, (403) 691-2175; Media Contacts: Jan Rowley, General
Manager, Public Affairs, (403) 691-3899


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