RDSB.L Regulatory News (RDSB)

Shell Midstream Partners, L.P. launches Initial Public Offering The Hague, 20 October 2014 - Shell Midstream Partners, L.P., a limitedpartnership formed by Royal Dutch Shell, announced today that it has launchedits initial public offering of 37,500,000 common units, representing limitedpartner interests. The common units are expected to be listed on the New YorkStock Exchange under the ticker symbol "SHLX." The underwriters of the offeringwill have a 30-day option to purchase up to an additional 5,625,000 commonunits from Shell Midstream Partners. The common units being offered represent a 27.2 percent limited partnerinterest in Shell Midstream Partners, or a 31.3 percent limited partnerinterest if the underwriters exercise in full their option to purchaseadditional common units. Royal Dutch Shell, through certain of itssubsidiaries, will own the remaining limited partner interest in ShellMidstream Partners, as well as its 2.0 percent general partner interest. Barclays, Citigroup, Morgan Stanley and UBS Investment Bank are acting asbook-running managers for the offering. Credit Suisse, Goldman Sachs, JPMorgan, Wells Fargo, RBC Capital Markets and Credit Agricole are acting asco-managers. The offering is being made only by means of a prospectus. Once itbecomes available, potential investors can obtain a prospectus that meets therequirements of Section 10 of the Securities Act of 1933 from: Barclays Citigroupc/o Broadridge Financial Solutions c/o Broadridge Financial Solutions1155 Long Island Avenue 1155 Long Island AvenueEdgewood, NY 11717 Edgewood, New York 11717Phone: 1-888-603-5847 Phone: 1-800- 831-9146barclaysprospectus@broadridge.com prospectusdept@citi.com Morgan Stanley UBS Investment BankAttention: Prospectus Department Attn: Prospectus Dept.180 Varick Street 299 Park AvenueNew York, New York 10014 New York, New York 10171Prospectus@morganstanley.com Phone: 1-888-827-7275 When available, to obtain a copy of the prospectus free of charge, visit theSEC's website, www.sec.gov, and search under the registrant's name, "ShellMidstream Partners." A registration statement relating to the common units has been filed with theSecurities and Exchange Commission but has not yet become effective. The commonunits may not be sold nor may offers to buy be accepted prior to the time theregistration statement becomes effective. This press release shall notconstitute an offer to sell or a solicitation of an offer to buy thesesecurities, nor shall there be any sales of the securities in any state orjurisdiction in which such an offer, solicitation or sale would be unlawfulprior to registration or qualification under the securities laws of any suchstate or jurisdiction. About Shell Midstream PartnersShell Midstream Partners is a fee-based, growth-oriented master limitedpartnership recently formed by Royal Dutch Shell to own, operate, develop andacquire pipelines and other midstream assets. Shell Midstream Partners' initialassets consist of interests in entities that own crude oil and refined productspipelines serving as key infrastructure to transport growing onshore andoffshore crude oil production to Gulf Coast refining markets and to deliverrefined products from those markets to major demand centres. - # # # - Enquiries Shell Media RelationsInternational: +44 207 934 5550Americas: +1 713 241 4544 Shell Investor RelationsInternational: +31 70 377 4540North America: +1 832 337 2034 Cautionary note The companies in which Royal Dutch Shell plc directly and indirectly ownsinvestments are separate entities. In this announcement "Shell", "Shell Group"and "Royal Dutch Shell" are sometimes used for convenience where references aremade to Royal Dutch Shell plc and its subsidiaries in general. Likewise, thewords "we", "us" and "our" are also used to refer to subsidiaries in general orto those who work for them. These expressions are also used where no usefulpurpose is served by identifying the particular company or companies."Subsidiaries", "Shell subsidiaries" and "Shell companies" as used in thisannouncement refer to companies in which Shell either directly or indirectlyhas control, by having either a majority of the voting rights or the right toexercise a controlling influence. The companies in which Shell has significantinfluence but not control are referred to as "associated companies" or"associates" and companies in which Shell has joint control are referred to as"jointly controlled entities". In this announcement, associates and jointlycontrolled entities are also referred to as "equity-accounted investments". Theterm "Shell interest" is used for convenience to indicate the direct and/orindirect ownership interest held by Shell in a venture, partnership or company,after exclusion of all third-party interest. This announcement contains forward looking statements concerning the financialcondition, results of operations and businesses of Shell and the Shell Group.All statements other than statements of historical fact are, or may be deemedto be, forward-looking statements. Forward-looking statements are statements offuture expectations that are based on management's current expectations andassumptions and involve known and unknown risks and uncertainties that couldcause actual results, performance or events to differ materially from thoseexpressed or implied in these statements. Forward-looking statements include,among other things, statements concerning the potential exposure of Shell andthe Shell Group to market risks and statements expressing management'sexpectations, beliefs, estimates, forecasts, projections and assumptions. Theseforward looking statements are identified by their use of terms and phrasessuch as "anticipate", "believe", "could", "estimate", "expect", "goals","intend", "may", "objectives", "outlook", "plan", "probably", "project","risks", "seek", "should", "target", "will" and similar terms and phrases.There are a number of factors that could affect the future operations of Shelland the Shell Group and could cause those results to differ materially fromthose expressed in the forward looking statements included in thisannouncement, including (without limitation): (a) price fluctuations in crudeoil and natural gas; (b) changes in demand for Shell's products; (c) currencyfluctuations; (d) drilling and production results; (e) reserves estimates; (f)loss of market share and industry competition; (g) environmental and physicalrisks; (h) risks associated with the identification of suitable potentialacquisition properties and targets, and successful negotiation and completionof such transactions; (i) the risk of doing business in developing countriesand countries subject to international sanctions; (j) legislative, fiscal andregulatory developments including regulatory measures addressing climatechange; (k) economic and financial market conditions in various countries andregions; (l) political risks, including the risks of expropriation andrenegotiation of the terms of contracts with governmental entities, delays oradvancements in the approval of projects and delays in the reimbursement forshared costs; and (m) changes in trading conditions. All forward lookingstatements contained in this announcement are expressly qualified in theirentirety by the cautionary statements contained or referred to in this section.Readers should not place undue reliance on forward looking statements.Additional factors that may affect future results are contained in Shell's 20-Ffor the year ended 31 December 2013 (available at www.shell.com/investor andwww.sec.gov). These factors also should be considered by the reader. Eachforward looking statement speaks only as of the date of this announcement, 20October 2014. Neither Shell nor any of its subsidiaries nor the Shell Groupundertake any obligation to publicly update or revise any forward lookingstatement as a result of new information, future events or other information.In light of these risks, results could differ materially from those stated,implied or inferred from the forward looking statements contained in thisannouncement.