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 f lat 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).

YOUR CAPITAL GAINS

ARE SUBJECT TO

THE FLAT TAX (PFU)

EXAMPLE

CAPITAL GAINS ON THE SALE OF TOTALENERGIES SHARES IN YEAR N

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

Must be reported in year n+1 in your tax return relating to year n income

Based on this tax return and on the income of year n, in year n+1 you will be

paying a f lat income tax (“PFU”) at a global rate of 30% of the capital gains

realized in year n.

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 benef it from a tax allowance based on their holding period

30%

12.8%

17.2%

income tax

social contributions

OR

A shareholder sells TotalEnergies shares for a price of €3,000 in 2025

while he acquired them in 2012 for a price of €2,500. He therefore realizes

a capital gain of €500 that he must report in his 2026 tax return relating

to 2025 income. He must pay the PFU on capital gains for an amount of €150

(i.e. €500 x 30%).