30

DIVIDEND TAXATION FOR SHARES

NOT HELD IN A PEA ( CONTINUED )

02

You are a foreign

tax resident

Dividends paid to an individual shareholder who is not a tax resident in France

are subject to withholding tax in France . Provided that applicable formalities

are complied with in accordance with the administrative guidelines issued by the

French tax authorities , the paying financial institution will levy a 12 . 8 % withholding

tax on your dividends . Subject to applicable tax treaties , this rate is increased

to 75 % for dividends paid outside of France in a non - cooperative country

or territory ( NCCT ) , as defined by the French Tax Code ( Article 238 - 0 A ) .

The 12 . 8 % withholding tax can be reduced or even eliminated if there is a tax

treaty between France and your country of residence .

YOUR DIVIDENDS ARE SUBJECT

TO A WITHHOLDING TAX

IN FRANCE

N . B . Since January 1 , 2026 , withholding tax must be levied at the

internal duty rate where dividends are paid to a person established or

with a residence in a country or territory having signed a tax agreement

with France that does not provide for or exempt these dividends from

withholding tax

( 1 )

.

The shareholder or the paying institution acting on their behalf may then

request the reimbursement from the tax administration if all the required

conditions are fulfilled

1

In practical terms the tax administration has indicated that this concerns tax agreements with the following

countries Bahrain Egypt Finland Kuwait Lebanon Oman Qatar Saudi Arabia and the United Arab Emirates

T H E C O M P A N Y E D I T O R I A L 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