Total : Capital International Financial Statements 2020 - (pdf - 296 KB)

KPMG Audit

Département de KPMG S.A.

ERNST & YOUNG Audit Tour First

Tour EQHO

TSA 14444

2 Avenue Gambetta CS 60055

92066 Paris la Défense Cedex France

92037 Paris-La Défense Cedex S.A.S. à capital variable 344 366 315 R.C.S. Nanterre France

Total Capital International

Statutory auditors' report on the financial statements

Year ended December 31, 2020

Total Capital International 2, place Jean Millier - La Défense 6 - 92400 Courbevoie - France

This report contains 26 pages

KPMG Audit	ERNST & YOUNG Audit
Département de KPMG S.A.	Tour First
Tour EQHO	TSA 14444
2 Avenue Gambetta	92037 Paris-La Défense Cedex
CS 60055	S.A.S. à capital variable
92066 Paris la Défense Cedex	344 366 315 R.C.S. Nanterre
France	France

This is a translation into English of the statutory auditors' report on the financial statements of the Company issued in French and it is provided solely for the convenience of English-speaking users.

This statutory auditors' report includes information required by European regulation and French law, such as information about the appointment of the statutory auditors or verification of the management report and other documents provided to the shareholders.

This report should be read in conjunction with, and construed in accordance with, French law and professional auditing standards applicable in France.

Total Capital International

Registered office: 2, place Jean Millier - La Défense 6 - 92400 Courbevoie - France Share capital: €.300,000

Statutory auditors' report on the financial statements

Year ended December 31, 2020

To the Annual General Meeting of Total Capital International,

Opinion

In compliance with the engagement entrusted to us by your Annual General Meetings, we have audited the accompanying financial statements of Total Capital International for the year ended December 31, 2020.

In our opinion, the financial statements give a true and fair view of the assets and liabilities and of the financial position of the Company as at December 31, 2020 and of the results of its operations for the year then ended in accordance with French accounting principles.

The audit opinion expressed above is consistent with our report to the Board of Directors acting as Audit Committee.

Basis for Opinion

Audit Framework

We conducted our audit in accordance with professional standards applicable in France. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Our responsibilities under those standards are further described in the Statutory Auditors' Responsibilities for the Audit of the Financial Statements section of our report.

Total Capital International

Statutory auditors' report on the financial statements

February 22, 2020

Independence

We conducted our audit engagement in compliance with independence requirements of the French Commercial Code (code de commerce) and the French Code of Ethics (code de déontologie) for statutory auditors for the period from January 1, 2020 to the date of our report and specifically we did not provide any prohibited non-audit services referred to in Article 5(1) of Regulation (EU) No 537/2014.

Justification of Assessments - Key Audit Matters

Due to the global crisis related to the Covid-19 pandemic, the financial statements of this period have been prepared and audited under specific conditions. Indeed, this crisis and the exceptional measures taken in the context of the state of sanitary emergency have had numerous consequences for companies, particularly on their operations and their financing, and have led to greater uncertainties on their future prospects. Those measures, such as travel restrictions and remote working, have also had an impact on the companies' internal organization and the performance of the audits.

It is in this complex and evolving context that, in accordance with the requirements of Articles L.823-9 and R.823-7 of the French Commercial Code (code de commerce) relating to the justification of our assessments, we inform you of the key audit matters relating to risks of material misstatement that, in our professional judgment, were of most significance in our audit of the financial statements of the current period, as well as how we addressed those risks.

We have no key audit matters to communicate in our report.

Specific Verifications

We have also performed, in accordance with professional standards applicable in France, the specific verifications required by laws and regulations.

Information given in the management report and in the other documents on the financial position and the financial statements provided to the shareholders

We have no matters to report as to the fair presentation and the consistency with the financial statements of the information given in the Board of Directors' management report and in the other documents with respect to the financial position and the financial statements provided to the Shareholders.

We attest the fair presentation and the consistency with the financial statements of the information relating to payment deadlines mentioned in Article D. 441-4 of the French Commercial Code (Code de commerce).

.

Year ended December 31, 2020

3

Total Capital International

Statutory auditors' report on the financial statements

February 22, 2020

Information relating to Corporate Governance

We attest that the section of the management report on corporate governance sets out the information required by Articles L.225-37-4 of the French Commercial Code.

Report on Other Legal and Regulatory Requirements

Format of presentation of the financial statements intended to be included in the Annual Financial Report

We have also verified, in accordance with the professional standard applicable in France relating to the procedures performed by the statutory auditor relating to the annual and consolidated financial statements presented in the European single electronic format, that the presentation of the financial statements intended to be included in the annual financial report mentioned in Article L.451-1-2, I of the French Monetary and Financial Code (code monétaire et financier), prepared under the Chief Executive Officer's responsibility, complies with the single electronic format defined in the European Delegated Regulation No 2019/815 of December 17, 2018.

Based on the work we have performed, we conclude that the presentation of the financial statements intended to be included in the annual financial report complies, in all material respects, with the European single electronic format.

We have no responsibility to verify that the financial statements that will ultimately be included by your company in the annual financial report filed with the AMF are in agreement with those on which we have performed our work.

Appointment of the Statutory Auditors

We were appointed as statutory auditors of Total Capital International by the annual general meeting held on May 5, 2011 for KPMG Audit and on March 29, 2006 for ERNST & YOUNG Audit.

As at 31 December, 2020, KPMG Audit was in the 10th year of total uninterrupted engagement and ERNST & YOUNG Audit was in the 15th year.

Responsibilities of Management and Those Charged with Governance for the Financial Statements

Management is responsible for the preparation and fair presentation of the financial statements in accordance with French accounting and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

Year ended December 31, 2020

4