PARIS–(BUSINESS WIRE) –

In accordance with its policy in favor of employee shareholding, the Board of Directors of Total SE (Paris: FP) (LSE: TTA) (NYSE: TOT) decided, on September 16, 2020, to proceed with a capital increase. reserved for eligible employees and former employees of Total SE and of its French and foreign subsidiaries in which the Company directly or indirectly holds more than 50% (in capital or voting rights), members of the PEG-A Group savings plan , in France and abroad, under the conditions set by the twentieth resolution of the General Meeting of May 29, 2020.

On April 28, 2021, the Chairman and Chief Executive Officer set (i) the subscription period from April 30 to May 17, 2021 (inclusive) and (ii) the subscription price at 30.50 euros per share, corresponding to the average of closing price of the TOTAL share on Euronext Paris over the twenty trading days preceding the date of this decision, reduced by a discount of 20% and rounded to the highest tenth of a euro.

At the end of this period, 46,537 employees in 102 countries, or 40.3% of eligible employees and former employees, subscribed to this capital increase for an amount of € 316.5 million. These results are up compared to 2020 both in terms of participation rate and number of subscriptions.

“Once again this year, Total employees confirmed their attachment to the Group by subscribing massively to the capital increase reserved for them. As Chairman and Chief Executive Officer, I am proud of it and this reinforces my conviction that employees fully support Total’s transition to a large energy company, which will be able to meet the challenges it faces ”. declared Patrick Pouyanné, Chairman and CEO of Total.

Consequently, 10,589,713 new shares will be issued on June 9, 2021. They will carry immediate dividend rights and will be fully assimilated to TOTAL shares already listed on Euronext.

Following this issue, the employee shareholders of the share capital of Total SE, within the meaning of Article L. 225-102 of the French Commercial Code, will represent 7.09% of the Company’s share capital as of June 9, 2021.

About Total

Total is a large energy company that produces and markets fuels, natural gas and electricity. Our 100,000 employees are committed to better energy, more affordable, more reliable, cleaner and accessible to as many people as possible. Active in more than 130 countries, our ambition is to become the responsible energy major.

Cautionary Note

This press release, from which no legal consequences can be drawn, is for informational purposes only. The entities in which TOTAL SE directly or indirectly holds interests are separate legal entities. TOTAL SE declines all responsibility for their acts or omissions. In this document, the terms “Total”, “Total Group” and Group are sometimes used for convenience. Likewise, the words “we”, “our” and “our” may also be used to refer to subsidiaries in general or those who work for them. This document may contain forward-looking information and statements based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TOTAL SE nor any of its subsidiaries assumes any obligation to publicly update any forward-looking information or statements, objectives or trends contained in this document, whether as a result of new information, future events or other.

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