Public Relations Group, Corporate Communications Unit
Akasaka Biz Tower, 5-3-1 Akasaka, Minato-ku, Tokyo 107-6332 JAPAN12 July 2012

Transfer of the Ichthys LNG Project equity interest (6%) to TOTALINPEX CORPORATION (INPEX) is pleased to announce today that INPEX and TOTAL S.A.
(TOTAL) have reached agreement for INPEX Ichthys Pty Ltd and other project groupcompanies to transfer a 6% of the Ichthys LNG Project equity interest(*) to TOTAL groupcompanies.
(*)

the Ichthys LNG Project equity interest includes the following elements:

1. Participating interest in production licenses WA-50-L (Ichthys gas-condensate field) and WA-51-L
2. Participating interest in exploration permit WA-285-P (adjacent to WA-50-L)
3. Shares of Ichthys LNG Pty Ltd (a downstream company which owns LNG facilities, liquefies
natural gas and does marketing LNG and liquids)

INPEX and TOTAL have enjoyed a good long-term partnership through collaboration on anumber of oil and natural gas projects globally, including the Offshore Mahakam Block inIndonesia, which is one of INPEX’s core assets. TOTAL joined the Ichthys LNG Project in2006 with a 24% participating interest.

Since then, TOTAL has made a large contribution bybringing its expertise and experience in designing and executing large offshore developments
and LNG projects. TOTAL’s increased level of participation reinforces its commitment to theIchthys LNG Project while the partnership of the two companies will be further expanded.
After the completion of the transfer of the 6% of the Ichthys LNG Project equity interest toTOTAL, the joint venture partners for the Ichthys LNG Project will be as follows:•INPEX

66.070%•TOTAL

30.000% (including 6% which is subject to the approval of theAustralian government)•Tokyo Gas

1.575%•Osaka Gas

1.200%•Chubu Electric

0.735% (subject to the approval of the Australian government)•Toho Gas

0.420%The Ichthys LNG Project Joint Venture participants appreciate the continued support from thePublic Relations Group, Corporate Communications Unit
Akasaka Biz Tower, 5-3-1 Akasaka, Minato-ku, Tokyo 107-6332 JAPAN

local communities, the governments of Australia, Western Australia and Northern Territory, aswell as support from other stakeholders for timely delivery of the Ichthys LNG Project.

About INPEX
INPEX CORPORATION is a worldwide oil and gas exploration and production company
currently involved in more than 70 projects across 27 countries. INPEX is ranked in the top
100 global energy companies and is listed on the Tokyo Stock Exchange.

INPEX has been apart of the Australian business community since 1986 and is involved in a number of projects inAustralia and the Timor Sea, including the large-scale Ichthys LNG Project, Van Gogh Project,Ravensworth Project, Bayu-Undan Development and Darwin LNG.

About the Ichthys LNG Project
The Ichthys LNG Project is a Joint Venture between INPEX group companies (the Operator),
TOTAL group companies and other participants. Gas from the Ichthys field, in the Browse
Basin offshore Western Australia, will undergo preliminary processing offshore to remove waterand raw liquids, including some condensate. The gas will then be exported to the onshoreliquefaction plant in Darwin via an 889km subsea pipeline.

The Ichthys LNG Project is

expected to produce 8.4 million tonnes of LNG and 1.6 million tonnes of LPG per annum, alongwith approximately 100,000 barrels of condensate per day at peak.

Media Contact: INPEX Tokyo Office, Public Relations Group, Tel) +81-3-5572-0233

Ichthys Field Location

Ichthys LNG Plant, Darwin (image)