COV Cove Energy

 
TIDMRDSA TIDMRDSB TIDMCOV 
 
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR 
INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A 
VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION 
 
FOR IMMEDIATE RELEASE 
 
16 July 2012 
 
                                     OFFER 
 
                                      by 
 
                  Shell Exploration and Production (XL) B.V. 
 
             (a wholly-owned subsidiary of Royal Dutch Shell plc) 
 
                                      for 
 
                                Cove Energy plc 
 
                                    Update 
 
Shell Exploration and Production (XL) B.V.("Shell Bidco"), a wholly-owned 
subsidiary of Royal Dutch Shell plc ("Shell"), made an offer in February 2012 
to acquire Cove Energy plc ("Cove"), in order to enter potential liquefied 
natural gas developments in Mozambique, and other exploration positions in the 
region. Subsequently, the Takeover Panel has announced an Auction Procedure to 
conclude this potential takeover. Shell Bidco has today decided not to revise 
its offer of 220 pence in cash for each share of Cove, and not take part in the 
Auction Procedure for Cove. 
 
Enquiries 
 
Shell 
 
Shell Media Relations                   +44 207 934 5550 
 
                                        +31 70 377 8750 
 
Shell Investor Relations 
 
Europe                                  +31 70 377 3996 
 
United States                           +1 713 241 2069 
 
Morgan Stanley & Co. Limited (Financial adviser to Shell Bidco) +44 207 425 
8000 
 
Michael O'Dwyer 
 
Ian Hart 
 
Andrew Foster 
 
Morgan Stanley is acting as financial adviser to Shell Bidco and no one else in 
relation to the Offer and will not be responsible to anyone other than Shell 
Bidco for providing the protections afforded to the clients of Morgan Stanley 
nor for providing advice in relation to the Offer, the contents of this 
announcement or any other matter or arrangement referred to herein. 
 
The release, publication or distribution of this announcement in jurisdictions 
other than the United Kingdom may be restricted by law or regulation and 
therefore persons into whose possession this announcement comes should inform 
themselves about and observe such restrictions. Any failure to comply with 
these restrictions may constitute a violation of securities laws of any such 
jurisdictions. To the fullest extent permitted by law, Shell Bidco and Shell 
disclais any responsibility or liability for the violation of such restrictions 
by such persons. 
 
A copy of this announcement will be made available free of charge, subject to 
certain restrictions relating to persons resident in Restricted Jurisdictions 
on Shell's website at www.shell.com/home/content/investor/ by no later than 
12 noon on 17 July 2012. 
 
Terms not defined in this announcement shall have the meanings given to them in 
the offer document published by Shell Bidco on 2 May 2012. 
 
 
 
 
 
END 
 

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