Elf Aquitaine shareholders overwhelmingly followed the recommendation made by their Board of Directors on September 13, 1999, to accept the public exchange offer proposed by TotalFina since the conditions for a successful merger of the two companies, on both the industrial and human level, were united and the financial conditions were substantially improved.

The Board of Directors of Elf Aquitaine will meet on Friday morning, October 29, to accept the resignation of its Chairman and Chief Executive Officer Philippe Jaffré and to name a new Chairman of the Board.