This information is based on the value of the Total share BEFORE the four-for-one split, effective May 18, 2006.
First Public Exchange Offer
Offer made in France, Belgium and the United States from May 6 to June 4, 1999.
Basis of the offer: 9 Total shares for 2 PetroFina shares
Value of each Total share received: € 121.50
Offer re-opened for the remaining PetroFina shares from June 11 to July 2, 1999
Basis of the offer: 9 Total shares for 2 PetroFina shares
Value of each Total share received: € 130
The capital gain qualifying for rollover relief in France, if any, and any subsequent capital gains are calculated on the basis of the value of each Total share received under the offer.
| |
 French Tax Treatment of The Public Exchange Offers |
|
| |
|
| Second Public Exchange Offer
Offer made in France, Belgium and the United States from October 10 to November 7, 2000
Basis of the offer: 9 TotalFinaElf shares for 2 PetroFina shares
The value of each TotalFinaElf share received under the offer is no longer relevant, following a change in French tax rules. Under the new rules, applicable from January 1, 2000, the taxable gain, if any, on the sale of the TotalFinaElf shares is calculated by reference to the cost of the PetroFina shares, taking into account the exchange parity.
| |
French Tax Treatment of The Public Exchange Offers |
|
| |
|
|
Squeeze-out
The squeeze-out procedure was carried out between January 30 and the close of business on February 12, 2002, at a price of
€ 600 per PetroFina share.
|
