Shell plc CEDear

Shell plc CEDear represents depositary receipts of Shell plc, a global integrated energy company. Its primary purpose is to give local investors exposure to Shell’s economic interests through receipts that mirror the performance of the underlying foreign shares. Shell operates across the energy value chain, including upstream exploration and production, liquefied natural gas, refining and chemicals, and extensive marketing networks for fuels and lubricants. The company also participates in power and low‑carbon solutions such as biofuels, hydrogen, and renewable energy procurement, reflecting the sector’s transition dynamics. As a cross-border instrument, Shell plc CEDear facilitates portfolio diversification, currency and sector exposure, and access to a large-cap multinational with a long operating history and broad geographic footprint. It is relevant to market participants tracking global energy benchmarks, commodity-linked cash flows, and dividend streams translated via the receipt structure. The asset plays a role in connecting domestic capital to international energy markets while maintaining local market settlement and custody conventions typical of depositary receipt programs.