FRENCH EQUITY SAVINGS PLAN

( PLAN D ' ÉPARGNE EN ACTIONS , " PEA " ) ( CONTINUED )

42

Since January 1 , 2018 , social contributions are due at the rate applicable at the time

of withdrawal . The rate is 18 . 6 % in 2026 .

This rate therefore applies to net gains realized and life annuities paid when withdrawing

assets or closing a PEA . If the PEA was opened after January 1 , 2018 , the previous regime ,

under which social contributions were based on “ historic ” rates effective the year the assets

were acquired or gains realized , no longer applies .

However these historic rates continue to apply to the portion of PEA gains acquired or

recognized before January 1 , 2018 , irrespective of the date on which the PEA was opened .

If the PEA was opened between January 1 , 2013 and December 31 , 2017 , the historic rate

applies to the portion of gains realized during the five years following the date on which

the PEA was opened .

02

The various social contributions

are only payable when withdrawing

assets from the PEA

1

By way of derogation the PEA is not closed when

the withdrawal or buyback result from certain exceptional

events affecting the plan holder or his her spouse

or partner dismissal early retirement disability

The exception for partial withdrawals justified by

the creation or takeover of a business is maintained

If on July 31 , 2026 , a shareholder withdraws a portion of his shares

from a PEA opened on January 1 , 2000 , the PEA is not closed . The

portion of gains realized or recognized between January 1 2000 and

December 31 2017 will be subject to the historic social contributions

rates The portion of gains realized or recognized between January 1

2018 and July 31 2026 will be subject to the social contributions

rates applicable on July 31 2026

EXAMPLE

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