5 TOTAL stock options awarded to Mr. Thierry Desmarest, Chairman of the Board of TOTAL S.A. 1998 Plan 1999 Plan 2000 Plan 2001 Plan 2002 Plan 2003 Plan 2004 Plan 2005 Plan 2006 Plan <strong>Total</strong> Purchase Purchase Purchase Purchase Purchase Subscription Subscription Subscription Subscription Type of options options options options options options options options options options Expiration date March 17, June 15, July 11, July 10, July 9, July 16, July 20, July 19, July 18, Initial exercise price 2006 <strong>2007</strong> 2008 2009 2010 2011 2012 2013 2014 (in euros) Exercise price until 93.76 113.00 162.70 168.20 158.30 133.20 159.40 198.90 - May 23, 2006 (in euros) (a) Exercise price from 23.44 28.25 40.68 42.05 39.58 33.30 39.85 49.73 - May 24, 2006 (in euros) (a) Options awarded by the Board (before taking into account the - 27.86 40.11 41.47 39.03 32.84 39.30 49.04 50.60 four-for-one stock split) (b) Options awarded by the Board (after taking into account the 30,000 40,000 50,000 75,000 60,000 60,000 60,000 60,000 240,000 four-for-one stock split) (b) Options outstanding 120,000 160,000 200,000 300,000 240,000 240,000 240,000 240,000 240,000 1,980,000 as of January 1, 2006 (b) Options exercised up to - 24,000 52,000 300,000 240,000 176,000 240,000 240,000 - 1,272,000 May 23, 2006 (b) Adjustment related to - (24,000) (52,000) (120,000) - - - - - (196,000) the Arkema spin-off (c) Options awarded after - - - 2,532 3,372 2,476 3,372 3,372 - 15,124 May 24, 2006 Options exercised after - - - - - - - - 240,000 240,000 May 24, 2006 Options outstanding as of - - - (80,000) - (116,000) - - - (196,000) December 31, 2006 - - - 102,532 243,372 62,476 243,372 243,372 240,000 1,135,124 (a) To take into account the four-for-one stock split, the exercise price of stock options has been divided by four. In addition, to take into account the Arkema spin-off, the exercise price of stock options was multiplied by an adjustment ratio of 0.986147, effective as of May 24, 2006. (b) The number of options awarded, outstanding or exercised up to May 23, 2006 has been multiplied by four to take into account the four-for-one stock split approved by TOTAL’s shareholders’ meeting on May 12, 2006. (c) Adjustments approved by the Board on March 14, 2006 pursuant to Articles 174-9, 174-12 and 174-13 of Decree n° 67-236 dated March 23, 1967 in effect at the time of the Board meeting as well as at the time of the shareholders’ meeting of TOTAL S.A. on May 12, 2006, related to the spin-off of Arkema. The adjustments were made on May 22, 2006 and became effective on May 24, 2006. 120 Corporate Governance Employees, Share Ownership, Stock Options and Restricted Share Grants TOTAL – <strong>Registration</strong> Document 2006
Corporate Governance Employees, Share Ownership, Stock Options and Restricted Share Grants Stock options awarded to the ten employees (other than executive directors) receiving the largest awards/Stock options exercised by the ten employees (other than executive directors) exercising the largest number of options <strong>Total</strong> number Exercise price Exercise price Date of the of options up to from Board meeting awarded/options May 23, 2006 (b) May 24, 2006 (b) awarding Expiration exercised (a) (in euros) (in euros) the options Date Options awarded in 2006 to the ten employees of TOTAL S.A., or any <strong>com</strong>pany in the Group, receiving the largest number of options 633,000 - 50.60 July 18, 2006 July 18, 2014 Options exercised in 2006 by the ten 3,200 23.44 - March 17, 1998 March 17, 2006 employees of TOTAL S.A., or any 31,256 28.25 27.86 June 15, 1999 June 15, <strong>2007</strong> <strong>com</strong>pany in the Group, exercising the 55,888 40.68 40.11 July 11, 2000 July 11, 2008 largest number of options 256,544 42.05 41.47 July 10, 2001 July 10, 2009 183,638 39.58 39.03 July 9, 2002 July 9, 2010 108,690 33.30 32.84 July 16, 2003 July16, 2011 22,312 39.85 39.30 July 20, 2004 July 20, 2012 661,528 38.70 (c) (a) The number of options exercised up to May 23, 2006 has been multiplied by four to take into account the four-for-one stock split approved by TOTAL’s shareholders’ meeting on May 12, 2006. (b) To take into account the four-for-one stock split, the exercise price of stock options has been divided by four. In addition, to take into account the Arkema spin-off, the exercise price of stock options was multiplied by an adjustment ratio of 0.986147, effective as of May 24, 2006. (c) Weighted-average price. 5 TOTAL – <strong>Registration</strong> Document 2006 121
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Registration Document 2006
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Registration Document 2006 This is
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Key figures Selected financial info
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116,842 Key figures Operating and m
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Refined product sales including Tra
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Business overview History and strat
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Upstream TOTAL’s Upstream segment
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Exploration & Production Exploratio
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Production For the full year 2006,
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Presentation of production activiti
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Europe Business overview Exploratio
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Africa TOTAL has been present in Af
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this zone through its subsidiaries
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North America Since 2004, TOTAL has
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Trinidad & Tobago TOTAL holds a 30%
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TOTAL also has a 50% interest in th
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Europe TOTAL’s production in Euro
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K6-GT platform, in anticipation of
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The Group also holds a 20% interest
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Gas & Power The Gas & Power divisio
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Asia Pacific The Hazira re-gasifica
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In Morocco, Temasol, in which TOTAL
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Refining & Marketing As of December
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Refined products The table below se
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capacity oil recycling plant in Fra
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In 2006, the principal market bench
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Base Chemicals TOTAL’s Base Chemi
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Specialties TOTAL’s Specialties s
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Investments Main investments made o
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Property, Plant and Equipment TOTAL
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Board of Directors Executive Commit
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Management Report of the Board of D
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Market environment 2006 2005 2004 E
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Upstream results Liquids and gas pr
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Downstream results For the full yea
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- Page 95 and 96: Daniel Bouton 56 years old. Inspect
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Consolidated statement of cash flow
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On February 13, 2007, the Board of
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G. Earnings per share Earnings per
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equal to the market price. For unli
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The net periodic pension cost is re
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(iii) Portion of intangible assets
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A. Information by business segment
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Appendix 1 - Consolidated financial
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Appendix 1 - Consolidated financial
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Appendix 1 - Consolidated financial
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Appendix 1 - Consolidated financial
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ADJUSTMENTS TO OPERATING INCOME 200
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In 2006, gains and losses on sales
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Appendix 1 - Consolidated financial
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Property, plant and equipment prese
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14) Other non-current assets As of
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The variation of the weighted-avera
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18) Employee benefits obligations P
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The components of the net periodic
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20) Financial debt and related fina
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Appendix 1 - Consolidated financial
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Impact on net income The amount of
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23) Commitments and contingencies A
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Other guarantees given Non-consolid
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Appendix 1 - Consolidated financial
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25) Payroll and staff For the year
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The classification by strategy and
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B) Financial instruments related to
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29) Market risks Oil and gas market
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As a result of its policy for manag
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3) The Group has recorded provision
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Appendix 1 - Consolidated financial
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53.2% 95.7% Elf Aquitaine 99.5% 100
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Oil and gas reserves p. 238 • Cha
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Changes in liquids reserves Appendi
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Changes in liquids and gas reserves
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Costs incurred in oil and gas prope
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Appendix 2 - Supplemental oil and g
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Other information Accounting for ex
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Appendix 3 - TOTAL S.A. Special aud
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(Free translation of a French langu
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Balance Sheet (TOTAL S.A.) Appendix
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Statement of changes in Shareholder
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2) Property, plant and equipment As
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6) Shareholders’ equity A) Common
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7) Contingency reserves As of Decem
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11) Translation adjustment The appl
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20) Commitments As of December 31 (
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TOTAL share purchase options plans
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Appendix 3 - TOTAL S.A. Parent comp
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List of marketable securities held
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Distribution of earnings 2006 Net d
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Social and environmental informatio
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AVERAGE COMPENSATION PER MONTH - TO
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Environment Pursuant to French law
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Consolidated financial information
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European Cross Reference List 10. C
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TOTAL S.A. Registered Office: 2, pl