1. Shell Energy Europe Copyright: Shell Energy Europe B.V. What do we do in the GRI NW during the interim phase? GRI NW Region Conference, The Hague, The Netherlands, 23/24 October 2007 Walter Schaefer, Shell Energy Europe B.V.

2. 10/12/2014 Slide 2 Shell – Presentation – W Schaefer.ppt Some Fundamentals The 3 rd package needs to be discussed (and probably changed in the process), adopted and implemented. This will take time. Based on past experience the whole process will take three to five years. We all are operating in the gas market today and have to deal with today’s issues.

3. 10/12/2014 Slide 3 Shell – Presentation – W Schaefer.ppt Way Forward We should continue to address issues based on the existing legal framework. We should take a wholly pragmatic view on how we continue with the work in the GRI. We should continue to address concrete topics and solve concrete problems. We should continue with a process that involves all stakeholders. We should do a reality check on project plans and timelines.

4. 10/12/2014 Slide 4 Shell – Presentation – W Schaefer.ppt Thank You