Registration document 2007 - Total.com

Four-for-one stock split
The General Meeting of Shareholders of May 12, 2006 decided to split the TOTAL share par value by four, effective as of May 18, 2006.
Consequently, on May 18, 2006, each shareholder received four new TOTAL shares, par value 2.50 euros per share, for each old share,
par value 10 euros per share.
In addition, after approval of this four-for-one stock split, the Company changed the ratio between its ADRs (American Depositary
Receipts) and the TOTAL shares: since May 23, 2006 one ADR corresponds to one share (compared to two ADRs per share previously).
Share performance
TOTAL share price (in euros) in Paris (2002-2006) (a)
TOTAL
CAC 40 (indexed on TOTAL share price)
Euro Stoxx 50
(indexed on TOTAL share price)
2002 2003 2004 2005 2006
Source Datastream - Price as at December 29, 2006: 54.65 euros
(a) In order to take into account Arkema’s spin-off and the four-for-one stock split, Euronext
Paris defined an adjustment of TOTAL’s historical stock price. Therefore, TOTAL’s stock
price before May 18, 2006 was multiplied by a 0.9871 adjustment coefficient (based on
TOTAL’s 210 euros closing price on May 17, 2006 as well as Arkema’s reference stock
price (before quotation) of 27 euros)) and by 0.25. These adjustments, defined by
Euronext Paris are taken into account in the stock price evolution shown on this chart.
Arkema spin-off
Within the framework of the spin-off of Arkema’s chemical
activities from the Group’s other chemical activities, the General
Meeting of Shareholders of May 12, 2006 approved
TOTAL S.A.’s contribution to Arkema, under the regulation
governing spin-offs, of all its interests in the businesses included
under Arkema’s perimeter, as well as to allocate one Arkema
share allotment right for each TOTAL share, with ten allotment
rights entitling the holder to one Arkema share. Fractional rights
were traded on the Eurolist by Euronext market until June 26,
2006, and under Delisted Shares from June 27 to December 29,
2006 inclusive.
Pursuant to the Article L 228-6 of the French Commercial Code
and the Articles 205-1 and 205-2 of the decree N° 67-236 of
March 23, 1967, the holders of allotment rights for fractional
Arkema shares were informed by a notice prior to the sale of
such fractional shares (Avis préalable à la mise en vente de titres
non réclamés) published on August 3, 2006 in the French
newspaper Les Echos, that:
• as of the delisting of the allotment rights from the compartment
of delisted shares section of the regulated markets
(compartiment des valeurs radiées des marchés réglementés)
of Euronext Paris dated December 29, 2006 after-hours
TOTAL and its shareholders
Listing details
6
TOTAL ADR price (in dollars) in New York (2002 – 2006) (a)
TOTAL
Dow Jones (indexed to the TOTAL ADR price)
2002 2003 2004 2005 2006
Source Datastream - Price as at December 29, 2006: 71.92 $
(a) In order to take into account Arkema’s spin-off and ADR’s split by two, the New York
Stock Exchange (NYSE) defined an adjustment on TOTAL ADR’s historical stock price.
Therefore, TOTAL’s ADR price before May 23, 2006 was multiplied by an 0.9838
adjustment coefficient (based on TOTAL ADR’s $130.40 closing price on May 22, 2006
as well as Arkema’s OTC closing price on May 18, 2006 of $42.15) and by 0.5.
These adjustments, defined by the NYSE are taken into account in the stock price
evolution calculation shown on this chart.
trading, the allotment rights can still be negotiated over the
counter until the sale date mentioned above in the notice;
• Arkema’s shares corresponding to allotment rights for fractional
shares will be sold on the Eurolist by Euronext two years after
the publishing of the notice mentioned above, if they did not
use their rights before the expiration date.
As of this sale, the former allotment rights for fractional Arkema
shares will be, as necessary, cancelled and their holders will only
be able to lay claim to the cash distribution of the net proceeds
from unclaimed Arkema’s shares sale. TOTAL S.A. will make the
net proceeds of this sale available to their holders’ in a secured
financial intermediary account for ten years.
When this time limit expires, the unclaimed amounts will be
handed over to the French Caisse des dépôts et consignations
where the holders will still be able to claim them for a period of
twenty years. After this time limit, the amounts will permanently
become property of the French State.
Moreover, since May 18, 2006, Arkema’s shares have been freely
traded on the Eurolist by Euronext.
TOTAL – Registration Document 2006 127