Public exchange and buyout offerings

Public exchange offers for Petrofina shares

This section contains information on the various public exchange and buyout offerings carried out within the Total group.
 
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.
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.
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.

Public exchange offers for Elf Aquitaine shares

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 period: September 23 to October 15, 1999
Basis of the offer: 19 Totalfina shares for 13 Elf Aquitaine shares
Value of each Totalfina share received: €121.80
First Squeeze-out
Offer period: June 15 to September 1, 2000
Basis of the offer: 4 TotalFinaElf shares for 3 Elf Aquitaine shares
 
Since November 6, 2000, Elf Aquitaine were traded in the delisted shares section of the Paris Bourse ("compartiment des valeurs radiées des marchés réglementés"), where the price was fixed daily at 3:00 p.m. Until April 30, 2010, Elf Aquitaine shares continued to be quoted under ISIN code FR 000 120 420.
Public tender offer followed by a squeeze out
On March 24, 2010, TOTAL S.A. filed a public tender offer followed by a squeeze out with the French Autorité des marchés financiers (AMF) in order to buy the 1,468,725 Elf Aquitaine shares that it did not already hold, representing 0.52% of Elf Aquitaine’s share capital and 0.27% of its voting rights, at a price of €305 per share (including the remaining 2009 dividend). On issued its clearance decision for this offer.
 
The public tender offer was open from April 16 to April 29, 2010 inclusive. The Elf Aquitaine shares targeted by the offer which were not tendered to the offer have been transferred to TOTAL S.A. under the squeeze out upon payment to the shareholders equal to the offer price on the first trading day after the offer closing date, i.e. on April 30, 2010.
 
On April 30, 2010, TOTAL S.A. announced that, following the squeeze out, it held 100% of Elf Aquitaine shares, with the transaction amounting to €450 million. Elf Aquitaine shares were delisted from Euronext Paris on April 30, 2010 (AMF notice No. 210C0376).

Public tender offer and squeeze out of Elf Aquitaine

closing of the public tender offer and processing of the squeeze out for the shares issued by the company Elf Aquitaine

The following pages contain information relating to the public offer by TOTAL S.A. in France (the "Offer") on the shares of Elf Aquitaine.
 
The Offer is being made exclusively in France. The Offer is not subject to registration or visa outside France. Holders of Elf Aquitaine shares located outside France may not participate in the Offer, except if the laws and regulations of the jurisdiction to which such holders are subject allow such participation. Participation in the Offer and the distribution of materials regarding the Offer may be subject to restrictions outside France. The Offer is not directed at persons who are subject to such restrictions, neither directly, nor indirectly, and may not be accepted in any manner by a holder located in a country where the Offer is subject to such restrictions.
 
For regulatory reasons, access to information regarding the Offer is restricted. Persons that are residents of, or presently located in, the United Kingdom, the United States, Australia, Canada and Japan, or are otherwise deemed to be a U.S person, are restricted from accessing the information on this website related to the Offer.
 
Can you confirm that you are not a resident of, or presently located in, the United Kingdom, the United States, Australia, Canada or Japan, or otherwise deemed to be a U.S. person?
 
Clearance decision relating to the public tender offer followed by a squeeze out for the shares issued by the company Elf Aquitaine
 
The following pages contain information relating to the public offer by TOTAL S.A. in France (the "Offer") on the shares of Elf Aquitaine.
 
The Offer is being made exclusively in France. The Offer is not subject to registration or visa outside France. Holders of Elf Aquitaine shares located outside France may not participate in the Offer, except if the laws and regulations of the jurisdiction to which such holders are subject allow such participation. Participation in the Offer and the distribution of materials regarding the Offer may be subject to restrictions outside France. The Offer is not directed at persons who are subject to such restrictions, neither directly, nor indirectly, and may not be accepted in any manner by a holder located in a country where the Offer is subject to such restrictions.
 
For regulatory reasons, access to information regarding the Offer is restricted. Persons that are residents of, or presently located in, the United Kingdom, the United States, Australia, Canada and Japan, or are otherwise deemed to be a U.S person, are restricted from accessing the information on this website related to the Offer.
 
Can you confirm that you are not a resident of, or presently located in, the United Kingdom, the United States, Australia, Canada or Japan, or otherwise deemed to be a U.S. person?
 
Filing of a public tender offer followed by a squeeze out for the shares issued by the company Elf Aquitaine
 
The following pages contain information relating to the public offer by TOTAL S.A. in France (the "Offer") on the shares of Elf Aquitaine.
 
The Offer is being made exclusively in France. The Offer is not subject to registration or visa outside France. Holders of Elf Aquitaine shares located outside France may not participate in the Offer, except if the laws and regulations of the jurisdiction to which such holders are subject allow such participation. Participation in the Offer and the distribution of materials regarding the Offer may be subject to restrictions outside France. The Offer is not directed at persons who are subject to such restrictions, neither directly, nor indirectly, and may not be accepted in any manner by a holder located in a country where the Offer is subject to such restrictions.
 
For regulatory reasons, access to information regarding the Offer is restricted. Persons that are residents of, or presently located in, the United Kingdom, the United States, Australia, Canada and Japan, or are otherwise deemed to be a U.S person, are restricted from accessing the information on this website related to the Offer.
 
Can you confirm that you are not a resident of, or presently located in, the United Kingdom, the United States, Australia, Canada or Japan, or otherwise deemed to be a U.S. person?