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E D I T O R I A L T H E C O M P A N Y T H E T O T A L E N E R G I E S S H A R ET H E T A X A T I O N S H A R E H O L D E R R E L A T I O N S

(1)

Applies only to individual shareholders who are tax residents in France.

(2)

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

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

according to the current tax law and that their specif ic situation will need

to be examined with their tax advisor

I M P O R T A N T N O T E

Shares held in PEA are not eligible for Deffered

Settlement Operations (SRD). Overdrafts are

therefore unauthorized.

• Capital losses on the sale of shares held in

a PEA cannot be offset with capital gains on

the sale of shares not held in a PEA, except

when the PEA is closed.

• The expenses related to the equity savings

plan (particularly for opening, managing

the account) and transfer have been capped

by decree (see the public service website:

www.legifrance.gouv.fr)