At the Combined General Meeting, held on May 17, 2001 under the Chairmanship of Thierry Desmarest, TotalFinaElf shareholders approved all the proposed resolutions. The 2000 accounts were approved as well as the payment of a dividend in cash for 2000 of 3.3 euros per share, an increase of 40% 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 May 29, 2001 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 L. 225-209 of the Code of Commerce.
• Re-election to the Board for three-year terms for:

  - Mr. Thierry Desmarest,
  - Mr. Serge Tchuruk, Chairman and CEO of Alcatel,
  - Mr. Paul Desmarais, Chairman of the Executive Committee of Power Corporation du   Canada and Vice-Chairman of Bruxelles Lambert Group,
  - Mr. Thierry de Rudder, Managing Director of Bruxelles Lambert Group and Electrafina.

• Authorization granted to the Board of Directors to award options to subscribe or purchase stock of the Company in favor of senior management and certain employees of the Group.