Shell Announces Buyback of Own Shares

The "Shell" Transport and Trading Company, p.l.c. announces that on May 27, 2004 it purchased for cancellation 2,000,000 ordinary shares at a price of 399.80 pence per share.

Following the cancellation of these shares, the remaining number of ordinary shares of The "Shell" Transport and Trading Company, p.l.c. will be 9,660,500,000.

Royal Dutch Petroleum Company (N.V. Koninklijke Nederlandsche Petroleum Maatschappij) announces that on 27 May, 2004 it purchased 400,000 ordinary shares at a price of 41.42 euros per share.

Following the cancellation (still subject to shareholder approval) of these and other ordinary shares purchased under the buyback program, the remaining number or ordinary shares outstanding of Royal Dutch Petroleum Company will be 2,082,025,000.
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