Following the confirmation of their conviction by a final judgment of the facts regarding pollution that occurred in the port of Djibouti in 1997, Total Djibouti S.A. and Total Marketing Djibouti S.A. each received in September 2014 an order to pay €53.8 million to the Republic of Djibouti. The amounts were contested by the two companies which, unable to deal with the liability, in accordance with local law, filed declarations of insolvency with the court on October 7, 2014. With respect to Total Djibouti S.A., the insolvency proceeding comprised a recovery plan.
Following a judgment delivered on November 18, 2014, the recovery plan proposed by Total Djibouti S.A. was rejected and the two companies were put into liquidation.
Total Djibouti S.A., a wholly-owned subsidiary of TOTAL S.A., fully holds the capital of Total Marketing Djibouti S.A.