At the meeting of the Board of Directors of Total on February 16, 2005, chaired by Thierry Desmarest, the Board reviewed the Group’s financial statements for the fourth quarter 2004, established the consolidated financial statements and the parent company financial statements for 2004 and established the dividend proposal to be submitted at the shareholders’ meeting.

These actions were published by way of a press release on the same day.

The Board also resolved to propose to the shareholders’ meeting, to by held in Paris on May 17, 2005, the renomination as members of the Board of Directors of Messrs Paul Desmarais Jr., Bertrand Jacquillat and Maurice Lippens, each for a three-year term, as well as the nomination as a member of the Board of Directors of the Rt Hon Lord Levene of Portsoken KBE, Chairman of Lloyd's, also for a three-year term.