On September 24, 2025, the Company’s Board of Directors approved the project to convert American Depositary Receipts (ADRs) into ordinary shares listed on the New York Stock Exchange (NYSE).
With this project, TotalEnergies is adapting to the evolution of its shareholder base, which has become increasingly weighted toward North America. In addition, the Conversion will remove ADR frictions, foster access to additional Assets Under Management (AUM) among institutional investment funds and enhance trading liquidity.
The Company has launched on October 30, 2025 the termination of the deposit agreement between TotalEnergies, JP Morgan Chase Bank, N.A. (the depositary), and the ADR holders governing the ADR program.
Upon termination of the deposit agreement, each outstanding ADR will be cancelled and an ordinary share listed on the NYSE will be delivered. The conversion of the ADRs into ordinary shares listed on the NYSE is expected to become effective from December 8, 2025.
General information regarding the listing of TotalEnergies ordinary shares on the NYSE is available online: Expected Timetable and Frequently Asked Questions.