1 These measures apply to transfer of shares for valuable consideration

2 Shareholders who are tax residents in France must be aware that

the information provided is a summary of the rules applicable to them

according to current tax law and that their specific situation will need to

be examined with their tax advisor

Your capital gains are subject

to the flat tax (PFU)

Net capital gains on sale of shares (i.e. capital gains minus

capital losses on share transfers incurred in the same tax

year or in previous years, up to the tenth year included)

realized by individuals residing in and subject to taxation

in France, are subject to an income flat tax rate of 12.8%.

This rate applies without any allowance for holding period.

Taxed capital gains are also subject to social contributions

(see point 1.4 below).

Example

A shareholder sells TotalEnergies shares for a price of

3000 in 2024 while he acquired them in 2012 for a

price of 2500 He therefore realizes a capital gain of

500 that he must report in his 2025 tax return relating

to 2024 income He must pay the PFU on capital gains

for an amount of 150 ie 500 x 30

1.1

Taxation

CAPITAL GAINS ON THE SALE

OF TOTALENERGIES SHARES IN YEAR N

Must be reported in year n+1 in your tax

return relating to year n income

However you can choose to be taxed under the

progressive scale income tax regime In some cases

your net capital gains on shares held for more than

two years can benefit from a tax allowance based

on their holding period

Whatever the option chosen capital gains on the sale

of shares must be reported in your annual income

tax return and are subject to social contributions

at an overall rate of 172

Your capital losses on sale of shares can be offset

against capital gains of the same nature realized

during the relevant year and the 10 subsequent years

12.8%

income tax

17.2%

social

contributions

30%

Based on this tax return and on the income of year n,

in year n+1 you will be paying a flat income tax

(“PFU”) at a global rate of 30% of the capital gains

realized in year n.

OR