Support for BG Group management resolutions to approve combination of BG Group and Royal Dutch Shell

20 January 2016

Norges Bank Investment Management will vote in favour of the Management Requisitioned Resolution #1 submitted for shareholder vote at the Court Meeting of Stockholders of BG Group PLC on 28 January 2016.

Norges Bank Investment Management will vote in favour of the Management Requisitioned Resolution #1 submitted for shareholder vote at the Special General Meeting of Stockholders of BG Group PLC on 28 January 2016.

Management requisitioned resolutions

Management requisitioned resolution for the Court Meeting

“Approve Scheme of Arrangement”

 NUMBER PROPOSAL MANAGEMENT RECOMMENDATION OUR VOTING INTENTION
Management proposal for Court Meeting
1 Approve Scheme of Arrangement For For

Management requisitioned resolution for the Special General Meeting

“Approve Special Resolution to authorize the BG Group PLC Board to implement the Scheme of Arrangement, and approve certain amendments to the articles of association of BG Group PLC required in connection with the Combination.”

 NUMBER PROPOSAL MANAGEMENT RECOMMENDATION OUR VOTING INTENTION
Management proposal for Special General Meeting
1 Approve Matters Relating to the Combination of BG Group PLC with Royal Dutch Shell PLC For For

Norges Bank Investment Management rationale for voting decision

Norges Bank Investment Management considers that the transaction accelerates value for BG Group PLC shareholders and is in the best long-term interest of Royal Dutch Shell PLC shareholders.

 

 

Important legal notice

Norges Bank Investment Management’s approach to responsible investing includes disclosing our voting decisions, in some cases in advance of the relevant meeting. This is only intended to provide information and is not solicitation or encouragement as to how others should vote. This disclosure is not investment research, advice or recommendation. Norges Bank Investment Management’s voting intention is an internal decision and has not been agreed with other shareholders. This disclosure reflects Norges Bank Investment Management’s intention as at the date of publication but such intention is subject to change at our discretion. Norges Bank Investment Management is not subject to any prohibition on dealing after the publication of this disclosure. Norges Bank Investment Management’s holdings available for voting from time to time may differ from those set out in lists of holdings as of year-end.