Acquisition

Total Fina Elf.
24 May 2002


                       TotalFinaElf acquires 100% ownership
                    of its Turkish marketing subsidiary Selyak

Paris, May 24, 2002 - TotalFinaElf announces that it has acquired 100% ownership
of Selyak, a Turkish petroleum products marketing company, following the
purchase of a 32% stake held by the Turkish Group Oyak and its subsidiary Mais.

This transaction, which remains subject to the approval of the Turkish
authorities, will enable TotalFinaElf to proceed with the merger of the Group's
two 100%-owned petroleum product marketing subsidiaries, Total Oil Turkiye and
Selyak. In this way TotalFinaElf will control of a network of 500 service
stations, representing 8% of the gasoil and lubricants market.

In addition, TotalFinaElf is active in the liquefied petroleum gas market
through its wholly-owned subsidiary Tupgaz, which has a market share of 6%.

The acquisition is in line with TotalFinaElf's strategy of developing its
refining and marketing activities in the Mediterranean basin.
 


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