North European Oil Royalty Trust (the “Trust”) was organized in 1975 as the successor entity to North European Oil Corporation and North European Oil Company. The Trust is administered by five Trustees, one of whom is designated the Managing Trustee, and the Managing Director. The purpose of the Trust is to collect, hold and verify royalties paid into the Trust by the operating companies, German subsidiaries of the Exxon Mobil Corporation and the Royal Dutch/Shell Group of Companies.