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Shell and the IMD MBA partner to develop future business talent


WEBWIRE

06 Sep 2005

Shell International Limited and the International Institute for Management Development (IMD), one of the most respected business schools worldwide, today announced expansion of a unique, long term partnership to develop future business leaders in global markets.

The expanded partnership extends support and promotion of an existing Master in Business Administration (MBA) alumni scholarship programme to include students from Africa, Asia, Eastern Europe, and Latin America. The programme represents the first global corporate alignment by IMD to help mature, experienced professionals with diverse backgrounds and strong international experience to attend the IMD MBA program to develop their leadership capabilities.

At a declaration ceremony hosted by IMD in Lausanne, Switzerland, David Pappie, Manager of Global Attraction & Recruitment, Shell, and Seán Meehan, MBA Program Director, IMD, signed a five-year agreement that will broaden outreach to potential MBA applicants in regions where the two organisations expect strong growth. Shell will leverage its global marketing infrastructure to reach out to MBA candidates, expanding on IMD’s existing direct contact with potential applicants and knowledge of the MBA market.

Shayna Rector, EMEAR Marketing Advisor, Shell, said: “Shell is helping talented individuals with demonstrated leadership ability become future leaders, positioning them to make an immediate contribution to local business, industry and society and helping them achieve their career goals.”

David Pappie, global attraction and recruitment manager at Shell said: “At Shell we believe that sustainable, long term business growth in new and emerging markets can only be achieved if we develop local talent, and leadership education can play a vital role in success. The partnership with IMD is a great example of how Shell is evolving a new recruitment strategy with effective initiatives to attract and develop diverse talent as a basis for future business growth.”

Seán Meehan, MBA Program Director, IMD, said: “IMD is excited about working with a global corporate partner for the first time, to increase the number of available scholarships and expand international outreach to talented candidates. Shell understands our focus on worldwide recruitment and has a shared interest in attracting the very best applicants, along with a strong ability to help us meet our strategic objective of targeting greater diversity with classes comprised of at least 35 nationalities every year.”

The new partnership between Shell and IMD strengthens an existing relationship, which includes Shell’s support for a Professorial Chair in Sustainable Business Growth at IMD that focuses on issues business leaders must address to grow their businesses both profitably and sustainably. Shell also invests in continuous development of its existing staff through group leadership training programmes at IMD and other top academic institutions.

For more information about the Shell IMD MBA Alumni Scholarships, please visit www.imd.ch/mba/shell.

Notes to Editors

MBAs are a small percentage of new hires at Shell - less than 1%.

IMD is one of the world’s leading business schools with over 50 years’ experience in developing the leadership capabilities of international business executives at every stage of their careers. In 2004, The Wall Street Journal ranked the IMD MBA as the #1 program worldwide in a survey of international corporate recruiters. Programme participants are selected based on a rigorous, “world class” admissions process looking where they must demonstrate their leadership capabilities and how they will make a difference in the business world. IMD today delivers the best in “real world” learning to build global organisations and individual careers.

Royal Dutch Shell plc is incorporated in England and Wales, has its headquarters in The Hague and is listed on the London, Amsterdam, and New York stock exchanges. Shell companies have operations in more than 145 countries with businesses including oil and gas exploration and production; production and marketing of Liquefied Natural Gas and Gas to Liquids; manufacturing, marketing and shipping of oil products and chemicals and renewable energy projects including wind and solar power. For further information, visit www.shell.com.

Disclaimer statement

This announcement contains forward-looking statements, that are subject to risk factors associated with the oil, gas, power, chemicals and renewables business. It is believed that the expectations reflected in these statements are reasonable, but may be affected by a variety of variables which could cause actual results, trends or reserves replacement to differ materially, including, but not limited to: price fluctuations, actual demand, currency fluctuations, drilling and production results, reserve estimates, loss of market, industry competition, environmental risks, physical risks, risks associated with the identification of suitable potential acquisition properties and targets and the successful negotiation and consummation of transactions, the risk of doing business in developing countries, legislative, fiscal and regulatory developments including potential litigation and regulatory effects arising from recategorisation of reserves, economic and financial market conditions in various countries and regions, political risks, project delay or advancement, approvals and cost estimates. Please refer to the Annual Report on Form 20-F for the year ended December 31, 2004 (as amended) for a description of certain important factors, risks and uncertainties that may affect the Shell Group’s businesses. Neither Royal Dutch Shell plc nor any member of the Shell Group undertakes any obligation to publicly update or revise any of these forward-looking statements, whether to reflect new information, future events or other information.

Cautionary Note to US Investors:

The United States Securities and Exchange Commission (‘SEC’) permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use certain terms in this presentation, such as “expected producible resources” and “amount of reserves we expect to produce”, that the SEC’s guidelines strictly prohibit us from including in filings with the SEC.



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