Shell to Take Up Woodside's Share Offer

Royal Dutch Shell plc confirms intention to take up Woodside share offer

Woodside Petroleum, an Australian-listed exploration & production company focused on Australian LNG, has announced an entitlement offer of new shares today.

At present, Shell Energy Holding Australia Limited ("Shell") has a 34.27% stake in Woodside. Shell confirms that it has accepted the offer which will cost A$862.5 million, so that it will maintain its 34.27% stake.