Shell Canada Announces Dividend

The Directors of Shell Canada Limited declared a quarterly dividend of twenty-two cents (22 cents) per Common Share. The dividend will be payable June 15, 2004, to shareholders of record May 14, 2004.

Unless otherwise requested, dividends payable to shareholders with registered addresses in the United States will be converted into U.S. funds at the rate quoted for U.S. funds by the Bank of Canada at noon on the record date.