At the Combined General Meeting, held on March 22 under the chairmanship of Thierry Desmarest, Totalfina shareholders approved all resolutions proposed by the Board of Directors.

The principle resolutions approved were:
· A change in the company's name from "TOTAL FINA S.A." to "TOTAL FINA ELF S.A.", a new definition of its purpose, and the transfer of its headquarters to 2 place de la Coupole, La Défense 6, 92400 Courbevoie, France.
· A change in the bylaws to reflect the expiration of the agreements between the company and the French State.
· The election of ten new Board members from the Board of Directors of Elf Aquitaine for a three-year term expiring at the Annual Shareholders' Meeting to be held to approve the 2002 accounts. The new members are Yves Barsalou, Pierre Bilger, Bertrand Collomb, Xavier Dupont, Jacques Friedmann, Frédéric Isoard, Michel Pébereau, Jürgen Sarrazin, Robert Studer and Pierre Vaillaud.
· The approval of financial authorizations to the Board of Directors, adjusted to the Group's new business base.

In his address to the Meeting, Thierry Desmarest made the following remarks:

"This Shareholders' Meeting is exceptional for several reasons. For the first time, shareholders of the new Group, created from the merger of Total, Petrofina and Elf, have met to vote together. Then, too, it marks a change in your company's name, from Totalfina to TotalFinaElf, and an increase in the size of the Board of Directors. Lastly, today's meeting is taking place just a few days after the expiration of the Agreements governing relations between Total and the French State. This closes a chapter in Total's history, at the same time as TotalFinaElf's begins."

"The past year saw extraordinary changes in our Group, with mergers, first with Petrofina and then, with Elf. Unfortunately, 1999 ended with the Erika accident, which has been a trying time for all of us. We deeply regret the consequences of the accident for everyone living along France's Atlantic coast."

"The year also saw fast, far-reaching changes in the composition of our Group. The merger of Total and Petrofina is now completed and, I might add, successfully completed. An important hurdle was cleared on February 9, when the European Commission approved our merger with Elf Aquitaine, of which Totalfina owns 95%. Before the end of this year, we will have implemented the Group's new organizational structures and formed teams combining the skills of both groups. Clearly, we are off to a strong start as the world's fourth-largest oil company."