Registration document 2007 - Total.com

Appendix 3 - TOTAL S.A.
Parent company’s statutory financial statements
As of December 31, 2006, a maximum of 193,150 Elf Aquitaine shares, either outstanding or to be created, were covered by this
guarantee, as follows:
1999 Plan 1999 Plan
Elf Aquitaine share subscription plans (a)
n°1 n°2 Total
Exercise price until May 23, 2006 (in euros) (b) 115.60 171.60
Exercise price since May 24, 2006 (in euros) (b) 114.76 170.36
Expiration date 03/30/2009 09/12/2009
Outstanding options as of December 31, 2006 180,932 6,044 186,976
Outstanding shares covered by the exchange guarantee as of December 31, 2006
Total of shares, either outstanding or to be created, covered by the exchange
6,174 - 6,174
guarantee for TOTAL shares as of December 31, 2006
Total of shares, likely to be created, within the scope of the application of the
187,106 6,044 193,150
exchange guarantee as of December 31, 2006 1,122,636 36,264 1,158,900
(a) Adjustment decided by the Board of Directors on March 10, 2006 following Articles 174-9, 174-12 and 174-13 of Decree n° 67-236 of March 23, 1967 in force at the date of the
Shareholders’ Meeting of Elf Aquitaine held on May 10, 2006, within the framework of S.D.A. spin-off. These adjustments were made on May 22, 2006 and effective on May 24, 2006.
(b) To take into consideration the spin-off of S.D.A., the exercise prices of Elf Aquitaine share subscription were multiplied by a ratio equal to 0.992769 effective on May 24, 2006.
Thus, as of December 31, 2006, a total of 1,158,900 shares of the Company were likely to be created within the scope of the application
of this exchange guarantee
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TOTAL - Registration Document 2006 269