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Total in Exclusive Negotiations on the Proposed Sale of TIGF to Snam, EDF and GIC



  Total in Exclusive Negotiations on the Proposed Sale of TIGF to Snam, EDF
  and GIC

Business Wire

PARIS -- February 5, 2013

Regulatory News:

Total (Paris:FP) (LSE:TTA) (NYSE:TOT) announces it has entered into exclusive
negotiations with a consortium comprising Snam, EDF and GIC^1 that has
submitted a firm offer to acquire all outstanding shares of Transport et
Infrastructures Gaz France (TIGF). The offer values the company at
€2.4 billion.

The proposed sale is aligned with Total’s active portfolio management
strategy.

“The consortium selected, consisting of industry-leading operators and long
term investors, will support TIGF in its further development, while meeting
the commitments made to TIGF’s employees and partners”, said Christophe de
Margerie, Chairman and CEO of Total.

Total initiated dialogue with employee representatives from the commencement
of the process leading to an agreement — “Undertakings in Case of the Sale of
TIGF” — that was signed on January 23. In particular, the agreement includes
provisions concerning maintaining jobs, benefits and TIGF’s headquarters in
Pau.

The proposed sale is subject to information and consultation procedures with
the relevant employee representative bodies, including consultation with
relevant authorities.

TIGF provides gas transmission and storage services in 15 departments in
southwestern France. It manages a network of about 5,000 kilometers of
pipeline that carries 13% of the total volume of gas transported in France and
operates 22% of the country’s gas storage capacity. With almost 500 employees,
TIGF generated revenues of over €350 million in 2011 (www.tigf.fr).

* * * * *

Total is a leading international oil and gas company with operations in more
than 130 countries. We are also a world-class chemical producer. Our 96,000
employees put their expertise to work in every part of the
industry — exploration and production of oil and natural gas, refining and
marketing, new energies, trading and chemicals. Total is working to keep the
world supplied with energy, both today and tomorrow. www.total.com

^1 GIC:  Government of Singapore Investment Corporation

                                                                    TOTAL S.A.
                                                   Capital 5 914 832 865 euros
                                                   542 051 180 R.C.S. Nanterre
                                                                 www.total.com

Contact:

Total
Martin DEFFONTAINES
Matthieu GOT
Karine KACZKA
Magali PAILHE
Tel. : (33) 1 47 44 58 53
Fax : (33) 1 47 44 58 24
or
Robert HAMMOND (U.S.)
Robert PERKINS
Tel. : (1) 713-483-5070
Fax : (1) 713-483-5629
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