2011 Dividend

The Board of Directors, during its October 27, 2011 meeting, decided to set the third quarterly interim dividend for the fiscal year 2011 at €0.57 per share. This interim dividend will be paid on March 22, 2012 (the ex-dividend date will be March 19, 2012).

Calendar⁽¹⁾ for the interim quarterly dividends and the remainder for 2011:

⁽¹⁾These ex-dividend and payment dates relate to the Total shares traded on the Euronext Paris.
⁽²⁾Pending approval at the May 11, 2012, Annual Shareholders Meeting.

2011 Dividend

A resolution will be submitted at the shareholders’ meeting on May 11, 2012 to pay a dividend of €2.28 per share for the 2011 fiscal year, i.e. a balance of €0.57 per share to be distributed after deducting the three quarterly interim dividends of €0.57 per share that will have already been paid.

^(a) In addition, on May 18, 2006, each Total share was granted an allotment right for an Arkema share, with ten allotment rights entitling the holder to one Arkema share.

In 2010, Total’s pay-out ratio was 50%⁽¹⁾. Changes in the pay-out ratio⁽²⁾ for the past three years are as follow:

Dividend History (in euros)

The figures in the table below have been adjusted retroactively to take into account the 4-for-1 stock split completed on May 18, 2006.

* On the basis of a 50% tax credit on dividends put in payment before January 1, 2005, effective date for the physical persons of the abolition of the tax credit by the finance law for 2004. For other shareholders, the tax credit was abolished by the aforementioned law as from January 1, 2004.