BQ51 Rep. Cote 37 S

RNS Number:1089X
Elf Aquitaine
11 June 2002


Paris, June 11, 2002 - The 2001 results for Elf Gabon, which reported net 
income of $124.5 million, were approved at the General Meeting held today in 
Libreville.

The dividend for the year, net of withholding tax, was set at $27.5 per share.

The Board of Directors of Elf Gabon met following the General Meeting and 
Established the dividend payment terms:

•  The $27.5 per share will be paid as of June 25, 2002, in euros based on the
   European Central Bank US dollar exchange rate on June 11, 2002, or against
   its rate in CFA Francs ($1 = €1.0619) that is to say a payment of 29.20 
   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 $0.21
per share in France, corresponding to the amount withheld at the source in 
Gabon.


Media contact:
Patricia Marie:  33.1 47 44 45 90
Thomas Fell:     33.1 47 44 47 57


                      This information is provided by RNS
            The company news service from the London Stock Exchange

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Rep. Cote 37 S (LSE:BQ51)
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