At the Ordinary General Meeting, held on May 25, under the Chairmanship of Thierry Desmarest, TotalFinaElf shareholders approved all the proposed resolutions. The 1999 accounts were approved as well as the payment of a dividend in cash for 1999 of 2.35 euros per share, an increase of 17.5% from last year, to which a tax credit will be added in accordance with the regulations in force. The ex-dividend date for the shares will be June 14, 2000 and payment will occur from that date.

The approved resolutions included the following:

• Authorization granted to the Board of Directors to buy or sell shares of the company under the provisions of Article 217-2 of the July 24, 1966 law.

• Re-election to the Board for three-year terms for:

- Mr. Antoine Jeancourt-Galignani, Chairman of Assurances Générales de France.

- Mr. Daniel Bouton, Chairman and CEO of Société Générale.

• Nomination of Mrs Anne Lauvergeon, Chairman and CEO of Cogema for a three-year term as a Director on the Board.