THE WALL STREET JOURNAL: Shell's Ex-CFO Boynton To Get $1M Payout (ShelNews.net) 8 Jan 05

DOW JONES NEWSWIRES

Edited Press Release

AMSTERDAM -- Royal Dutch Shell said Friday Ms. Judith Boynton, who stepped aside from her positions as Group Chief Financial Officer, Group Managing Director and Managing Director of The Shell Transport and Trading Company, p.l.c. on 19th April 2004, will receive a total severance payment of $1,000,000 or EUR521,945, pursuant to the previously disclosed terms of her employment.

The company said Ms Boynton left the Royal Dutch/Shell Group of Companies, by mutual agreement, to pursue other career opportunities, effective 31 December 2004.

As disclosed in the 2003 ST&T Annual Report and Accounts, Ms Boynton had a pre-determined severance agreement of $1,000,000.

Since stepping down from her role as Chief Financial Officer, Ms Boynton has remained with the Group in an advisory capacity reporting to the Chief Executive Jeroen van der Veer. During this period she has worked on special projects on the future structure of the Group, its overall financial framework and various aspects of the Finance function at Shell .

Company Web site: http://www.shell.com

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