General Mtg of Shareholders

Total S.A.
15 June 2004


                         GENERAL MEETING OF SHAREHOLDERS

Paris, June 15, 2004 - The 2003 results for Total Gabon, which reported net 
income of $195.7 million, were approved at the General Meeting held today in 
Libreville.

The dividend for the year, net of withholding tax, was set at $37 per share.

The Board of Directors of Total Gabon met following the General Meeting and 
established the dividend payment terms :
     
•    The $37 per share will be paid as of June 29, 2004, in euros based on the 
     European Central Bank US dollar exchange rate on June 15, 2004, or against 
     its rate in CFA Francs, ($1 = €0.8298) that is to say a payment of 30.70 
     euros per share.

•    Payment will be made at the following banks :

          In Gabon - Union Gabonaise de Banque (UGB)
          In France - Credit Lyonnais, BNP Paribas, Credit Commercial de France, 
          Credit Industriel et Commercial, Credit du Nord, Societe Generale.

Conforming with the legislation in Gabon and the bilateral conventions between 
France and Gabon, the dividend will qualify for a limited tax credit of $0.05 
per share in France, corresponding to the amount withheld at the source in 
Gabon.

                              www.total-gabon.com
                                    ______


Press Contacts:            Patricia Marie           00331 47 44 45 90 
                           Paul Floren              00331 47 44 45 91



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