Following a decision by the Public Authorities, the French nuclear industry is expected to be reorganized before the end of the year 2001 into a new company, under the provisional name of TOPCO. Cogema will be a 100% subsidiary of this new company.

Within this framework, TotalFinaElf will sell to CEA-Industrie five-sixths of its 14.5-percent participation in Cogema. TotalFinaElf will keep one-sixth to participate in the creation of TOPCO, which is expected to represent 1% of the capital of TOPCO.

The transaction should be finalized in September.