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| Share Information |
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TOTALFINAELF SHARE PRICE AND TRADING
VOLUMES IN PARIS (1997 - 2001)

TOTALFINAELF ADS PRICE IN NEW YORK (1997 - 2001)

| Share Information |
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2001
|
2000
|
1999
|
1998
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| Shares outstanding |
|
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| (as of December 31) |
705,934,959
|
740,465,798
|
722,203,679
|
721,142,550
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| Earnings per share excluding |
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| non-recurring items (€) (1) |
10.85
|
10.80
|
4.77
|
3.86
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| Shares on a fully-diluted weighted-average |
|
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| basis for the year (2) |
693,180,285
|
707,121,871
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701,925,655
|
700,355,196
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| Shares on a fully-diluted |
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| basis (on December 31) (2) |
672,957,041
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708,870,824
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702,457,029
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700,582,427
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| Price per share (€) (3) |
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| High |
179.8
|
189.0
|
141.0
|
123.5
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| Low |
126.0
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118.5
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86.0
|
82.9
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| Year-end |
160.4
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158.4
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132.5
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86.3
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| Price per ADS ($) (3) |
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| High |
77.84
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81.25
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72.63
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67.13
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| Low |
58.10
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61.13
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49.88
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46.69
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| Year-end |
70.24
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72.69
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69.25
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49.75
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| Market capitalization at year-end, computed |
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| on shares outstanding: |
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| Billion € |
113.23
|
117.29
|
95.69
|
62.23
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| Billion $ |
99.79
|
109.14
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96.36
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73.02
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| Trading volume (daily average) (3) |
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| Paris Stock Exchange |
2,482,110
|
1,759,658
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1,317,580
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754,397
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| SEAQ International (4) |
2,568,514
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1,963,004
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1,559,303
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592,028
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| New York Stock Exchange (5) |
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| (number of ADSs) |
436,654
|
441,063
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308,228
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230,624
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| Gross dividend per share (€) (6) (7) |
5.70
|
4.95
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3.525
|
3.00
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| Net dividend (€) (6) |
3.80
|
3.30
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2.35
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2.00
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| Tax credit (€) (7) |
1.90
|
1.65
|
1.175
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1.00
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| Net dividend per ADS ($) (6) (8) |
1.69
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1.55
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1.12
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1.02
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| Pay out (based on net dividend) (9) |
35.0%
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30.6%
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49.3%
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n.a.
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| Price-to-earning ratio (10) |
14.8
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14.7
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27.8
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n.a.
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| Yield (gross in percent) (11) |
3.55
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3.13
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2.66
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3.48
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| (1) Based on fully-diluted
weighted-average number of shares. |
| (2) Excluding shares owned
by the Group and cancelled in the consolidated balance sheet. |
| (3) For Totalfina in 1999 and Total
in 1998. |
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| (4) In order to make the
trading volume on SEAQ international comparable to that on the
Paris Stock Exchange, it is customary to divide by two the number
of transactions in London to take into account the effect of
the intervention of the market makers. The volumes in the table
above, however, have not been so divided. |
| (5) Two ADSs represent one
TotalFinaElf share. |
| (6) Based on the dividend
paid by Totalfina for 1998. |
| (7) The tax credit is assumed
to be equal to 50% of the net dividend for all periods. |
| (8) Translated solely for
convenience into dollars at the Noon Buying Rates on the respective
payment dates, except for the 2001 dividend, which has been
translated at the Noon Buying Rate on December 31, 2001 (US
$ 0.8901 per euro). In the US, the dividend, paid to the holders
of ADSs, may differ from these figures, depending on the Noon
Buying Rate used by the Depositary to convert euros to dollars
for purposes of making payments to holders of ADSs and depending
on the tax status of the US shareholders, with respect to the
withholding tax and the tax credit. |
| (9) Net dividend / earnings
per share excluding non-recurring items. |
| (10) Share price at year-end
/ earnings per share excluding non-recurring items. |
| (11) Gross dividend / share
price at year-end. |
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