Changes in Consolidated Shareholders' Equity at December 31, 2005
      Group interest in shareholders' equity Minority interest Total
(in millions of euros) Share Reserves and ret. Reserve for Profit for Total in sharsehold. shareholders'
  capital earnings (loss currency the year   equity equity
    carryforward) translations        
Balance at December 31, 2003 4,212 857 - 144 5,213 800 6,013
Change due to the first-time adoption              
of the IAS/IFRS standards - 63 - - 63 (116) (53)
Shareholders' equity upon transition to
IAS/IFRS standards on January 1, 2004 4,212 920 - 144 5,276 684 5,960
Share capital increase due to the conversion of warrants 47 - - - 47 - 47
Share capital increase - - - - - 5 5
Appropriation of the 2003 profit - 144 - (144) - - -
Dividend distribution - - - - - (75) (75)
Change in the scope of consolidation - - - - - (216) (216)
Other changes - 30 - - 30 3 33
Profit for the period - - - 354 354 68 422
Balance at December 31, 2004 4,259 1,094 - 354 5,707 469 6,176
Restatements for adoption of IAS 32 and 39 - 38 - - 38 - 38
Balance at January 1, 2005 4,259 1,132 - 354 5,745 469 6,214
Share capital increase due to the conversion of warrants 7 - - - 7 - 7
Share capital increase due to the award of stock options 7 4 - - 11 - 11
Appropriation of the 2004 profit - 354 - (354) - - -
Restatements in 2005 for the adoption of IAS 32 and 39 - 11 - - 11 - 11
Change in the scope of consolidation - - - - - (304) (304)
Dividend distribution - - - - - (11) (11)
Difference from translation of financial statements              
in foreign currencies and sundry items - (1) (3) - (4) (1) (5)
Profit for the year - - - 500 500 6 506
Balance at December 31, 2005 4,273 1,500 (3) 500 6,270 159 6,429
Notes to the
Consolidated
Financial Statements
at December 31, 2005