Disclaimer  Please, read this disclaimer

The Annual Shareholders' Meeting on May 12, 2006 offered shareholders the chance to vote on the spin-off of the Arkema chemical activities, among other resolutions.

• Arkema spin-off
  
  The reorganization of Total's Chemicals segment, initiated in 2004, was designed to simplify the structure of a highly diversified portfolio of businesses consisting of:
  
  - Base chemicals, including petrochemicals (Total Petrochemicals) and fertilizers (Grande Paroisse and Rosier);
  - Specialty chemicals, primarily positioned in the industrial rubber (Hutchinson, Mapa), adhesives (Bostik), resins (Cray Valley, Sartomer) and electroplating sectors (Atotech);
  - and, finally, Arkema which holds the Vinyl Product, Industrial Chemicals and Performance Product businesses.
  
  The proposed Arkema spin-off is in line with an industrial logic, the goal of which is to create a global chemical player that is closer to its customers and more responsive in its decision-making processes.
  An independent Arkema would in fact have greater management flexibility and be able to react more rapidly to market needs. In addition, Arkema would be able to base its development on a coherent and balanced portfolio of businesses. Backed by its integrated industrial segments and organization, Arkema would be in a position to improve its performance in all areas: industrial management, innovation, marketing or customer relations.
  
  Terms of the operation
  On May 18, 2006, TOTAL S.A. will contribute to Arkema all its equity stakes intended for the Arkema Group. On May 18, 2006, each shareholder who owns one share of Total will receive an allotment right to one Arkema share. Ten allotment rights will entitle the shareholder to one Arkema share. Consider the example of a shareholder who owns 100 shares of Total (before the split). On May 18, 2006, he or she will receive 100 allotment rights, which will be automatically converted into 10 Arkema shares.
  The Arkema shares will be freely negotiable on the Eurolist by Euronext™ market as of May 18, 2006. Fractional rights, i.e. a number of rights that are not enough to obtain one share may be bought or sold on the Eurolist by Euronext™ market until June 26, 2006, and then on the delisted securities compartment until December 29, 2006.
  
  
• Schedule
   Main events for Arkema spin-off and Total stock split
  
  
• Arkema Prospectus
   Prospectus in connection with the listing of Arkema shares on Eurolist by Euronext™  
   Press Release on May 9, 2006
  
  
• Presentation to the shareholders on April 24, 2006 in Paris
   Presentation on April 24, 2006
  
  
• Additional Information for US Shareholders concerning the Arkema Spin-off
   Additional Information for US Shareholders
  
  
  

	Useful links:  For further information concerning Arkema:     www.arkema.com     To know more about resolutions that have been approved by the Annual Meeting of Shareholders, on May 12, 2006:       2006 Annual Shareholders' Meeting