Technip’s Third Quarter 2012 Results; Revision of Full Year Outlook

  Technip’s Third Quarter 2012 Results; Revision of Full Year Outlook

THIRD QUARTER 2012 RESULTS

  *Order intake of €2.8 billion
  *Record backlog of €13.5 billion, of which €6.1 billion in Subsea
  *Revenue of €2.1 billion
  *Operating margin^1 of 10.3%
  *Net income of €146 million

FULL YEAR 2012 OUTLOOK^2

  *Group revenue towards €8.0 billion (formerly between €7.65 and €8.0
    billion)
  *Subsea revenue at least €3.50 billion (formerly between €3.35 and
    €3.50billion), with operating margin around 15% (unchanged)
  *Onshore/Offshore revenue around €4.3 billion (formerly between €4.3 and
    €4.5 billion), with operating margin between 6.5% and 7% (formerly between
    6% and 7%)

Business Wire

PARIS -- October 25, 2012

Regulatory News:

On October 23, 2012, Technip’s (Paris:TEC) Board of Directors approved the
third quarter 2012 consolidated financial statements.

€ million (Except
Diluted Earnings per  3Q 11    3Q 12    Change  9M 11    9M 12    Change
Share)
Revenue               1,698.6  2,085.9  22.8%   4,798.7  5,903.4  23.0%
EBITDA^3              217.9    269.1    23.5%   609.5    727.6    19.4%
EBITDA Margin         12.8%    12.9%    7bp     12.7%    12.3%    (38)bp
Operating Income
from Recurring         180.9     215.2     19.0%    501.3     584.2     16.5%
Activities
Operating Margin       10.6%     10.3%     (33)bp   10.4%     9.9%      (55)bp
Operating Income      176.2    211.2    19.9%   496.6    577.2    16.2%
Net Income             121.0     146.3     20.9%    357.8     392.7     9.8%
Diluted Earnings per  1.07     1.21     13.4%   3.14     3.29     4.8%
Share^4 (€)
Order Intake           2,352     2,848              5,736     8,674
Backlog               10,118   13,518                          
                                                                        

^1 Operating income from recurring activities divided by revenue.
^2 Based on the year-to-date average exchange rates.
^3 Operating income from recurring activities before depreciation and
amortization.
^4 As per IFRS, diluted earnings per share are calculated by dividing profit
or loss attributable to the Parent Company’s Shareholders, restated from
financial interest related to dilutive potential ordinary shares, by the
weighted average number of outstanding shares during the period, plus the
effect of dilutive potential ordinary shares related to the convertible bonds,
dilutive stock options and performance shares calculated according to the
“Share Purchase Method” (IFRS 2), less treasury shares. In conformity with
this method, anti-dilutive stock options are ignored in calculating EPS.
Dilutive options are taken into account if the subscription price of the stock
options plus the future IFRS 2 charge (i.e. the sum of annual charge to be
recorded until the end of the stock option plan) is lower than the average
market share price during the period.

Thierry Pilenko, Chairman and CEO, commented: “Revenues and profits for the
third quarter were in line with our expectations. Our projects in
Onshore/Offshore and Subsea continued to move forward and growth in Subsea was
particularly strong.

Order intake in the third quarter was, as in the first half, better than we
anticipated. It was diversified geographically and by size reflecting
Technip’s strong positions in key regions and range of skills, technologies
and services. The projects we are taking are long-duration, with offshore
phases in Subsea projects for example 24 to 36 months out. This gives us good
long-term visibility on our workload. This is an important trend in today’s
markets as our clients seek to lock-in key resources for their developments.

We have made two strategic moves. First, we completed the acquisition of the
Stone & Webster Process Technologies business and have now combined it with
our technology units into a worldwide organization dedicated to providing our
clients with the best range of technologies for downstream applications.
Second, we signed an alliance with Heerema Marine Contractors to serve our
clients in ultra-deepwater subsea developments. This alliance furthers
Technip's strategic objective to broaden its portfolio of capabilities in
Subsea, building on our capex program and last year's acquisition of Global
Industries to cover environments from ultra-deepwater to shore. The alliance
also fulfills our near-term requirements for high-tension vessel capabilities.

Despite the uncertain economic context, our clients remain focused on
delivering existing developments and launching new ones, a backdrop which
underpins a promising medium-term future for the oil services sector.
Technip's 2013 guidance will be given, as usual, with our annual results in
February 2013 taking into account market conditions and following completion
of our budgeting process. In this context, the volume of subsea tenders
continues at a high level, especially for larger multi-year EPCI projects. As
noted previously, the North Sea, Brazil and Gulf of Mexico markets currently
have the most momentum, whereas Asia Pacific and West Africa continue to be
the most competitive. For the remainder of this year, our focus continues as
usual on completing our manufacturing plant and vessel schedules, and
preparing the start-up phases of those capex projects scheduled for delivery
in 2013.”

I. PROJECT PORTFOLIO

1. Third Quarter 2012 Order Intake

During third quarter 2012, Technip’s order intake was €2,848 million. The
breakdown by business segment was as follows:

Order Intake (€ million)    3Q 2011    3Q 2012
Subsea                      1,127.4    1,224.3
Onshore/Offshore               1,224.5       1,623.7
Total                       2,351.9    2,848.0
                                             

Subsea order intake included several small and medium size contracts across
continents. In the North Sea, it included also larger EPCI (Engineering,
procurement, construction & installation) contracts such as Greater Stella
development in the UK and Gullfaks project in Norway to install pipe-in-pipe
(PIP). Our expertise in such technology was also key to win the Dalmatian
deepwater PIP project in the Gulf of Mexico. Our strategic positioning in the
flexible pipe market enabled us to win a good volume of work in Angola, Brazil
and Asia Pacific.

Onshore/Offshore order intake was comprised of several commercial successes
downstream, notably for the construction of Ethylene XXI complex in Mexico,
the detailed design and the licensing of ROGC ethylene cracker in India, as
well as the FEEDs (Front End Engineering Design) for Pavlodarand
Shymkentrefineries in Kazakhstan. We also signed a substantial contract for
the first EPC project of the Upper Zakum 750K development in the UAE (on which
we performed the FEED), as well as a services contract for the commissioning
of the FPSO (Floating, Production, Storage and Offloading unit) and the CPF
(Central Processing Facility) of the Ichthys development in Australia.

The main contracts announced since July 2012 and their approximate value, if
publicly disclosed, are listed in annex IV (b).

2. Backlog by Geographic Area

At the end of third quarter 2012, Technip’s backlog rose to €13,518 million,
compared with €12,724 million at the end of second quarter 2012 and €10,118
million at the end of third quarter 2011.

This backlog remains well diversified in terms of project type, size,
technology and by geographic area as set out in the table below.

Backlog by Geographic Area    June 30,  Sept. 30,  Change
(€ million)                   2012      2012      
Europe, Russia, Central Asia   3,403      3,407       0.1%
Africa                         1,152      1,181       2.5%
Middle East                    1,784      1,789       0.3%
Asia Pacific                   2,764      2,841       2.8%
Americas                       3,620      4,300       18.8%
Total                         12,723    13,518     6.2%
                                                      

3. Backlog Scheduling

Approximately 14% of the backlog is scheduled for execution in 2012 and over
40% for 2014 and beyond.

Estimated Backlog Scheduling as of September 30,             Onshore/
2012 (€ million)                                   Subsea            Group
                                                             Offshore
2012 (3 months)                                    848     1,058     1,906
2013                                                2,559    3,270      5,828
2014 and beyond                                     2,714    3,071      5,785
Total                                              6,120   7,399     13,518
                                                                        

II. THIRD QUARTER 2012 OPERATIONAL & FINANCIAL HIGHLIGHTS

1. Subsea

Subsea main operations for the quarter were as follows:

  *In the North Sea, installation of Hyme pipe-in-pipe was completed in
    Norway, while spooling of East Rochelle pipe-in-pipe progressed at our
    Evanton spoolbase in the UK. Several projects also progressed, including
    Goliat in the Barents Sea and Vigdis in Norway,
  *In the Americas:

       *Brazil: fabrication of flexible pipes for the Baleia Azul development
         progressed and the Deep Blue started offshore operations for BC-10
         phase 2 project. The Normand Progress completed her operations under
         a long-term charter and is now on her way to the North Sea,
       *Gulf of Mexico: Marine Well Containment System’s buoyancy cans
         fabrication was completed at our yard in Pori, Finland,
       *Venezuela: works continued on the Mariscal Sucre Accelerated
         Development,

  *In Africa, offshore operations started on Jubilee phase 1A project in
    Ghana where the G1200 is now mobilized. In Angola, fabrication of
    umbilicals continued for CLOV project in Angoflex, our local manufacturing
    facility,
  *In Asia Pacific, in China, offshore operations were completed on Liuhua
    11-1 and the G1201 vessel continued to work on her first S-lay project for
    Liwan Shallow Water.

Overall Group vessel utilization rate for the third quarter was 77%, compared
with 74% for the second quarter 2012.

Subsea financial performance is set out in the following table:

€ million                                   3Q 2011  3Q 2012  Change
Subsea                                                       
Revenue                                      754.4     1,074.9   42.5%
EBITDA                                       157.8     209.6     32.8%
EBITDA Margin                                20.9%     19.5%     (142)bp
Operating Income From Recurring Activities   127.7     162.5     27.3%
Operating Margin                            16.9%    15.1%    (181)bp
                                                                 

2. Onshore/Offshore

Onshore/Offshore main operations for the quarter were as follows:

  *In the Middle East:

       *Abu Dhabi: mechanical completion was achieved on Asab 3,
       *Saudi Arabia: pre-commissioning activities progressed on Jubail
         refinery,
       *Qatar: construction works continued on PMP,

  *In Asia Pacific:

       *New Caledonia: the construction of Koniambo’s first nickel smelter
         production line was completed,
       *Thailand: construction works progressed for Michelin Elastomer
         complex,
       *Australia: activities progressed on Prelude FLNG, as well as on
         Wheatstone and Greater Gorgon fixed platforms, and Ichthys FPSO. For
         the Macedon gas plant, detailed engineering was completed and first
         modules prefabricated in Thailand were delivered on site,

  *In the Americas,

       *Gulf of Mexico: fabrication of Lucius Spar hull progressed in Pori,
         our yard in Finland, while engineering works for Mad Dog Phase II
         Spar continued under BP’s 10-year Spar platform frame agreement,
       *Mexico: full mobilization started on the Ethylene XXI complex after
         the FEED was completed earlier this year and the recent EPC award,

  *Elsewhere, construction activities started on Algiers refinery in Algeria,
    while engineering and procurement services progressed on Burgas refinery
    in Bulgaria.

On August 31, 2012, we completed the acquisition of Stone & Webster Process
Technologies and have since put together over 1,200 downstream technology
specialists from both companies to create Technip Stone & Webster Process
Technology. This new entity, built around cutting edge technologies in
refining, hydrogen, ethylene, petrochemicals and GTL, offers licenses, high
value engineering services and proprietary equipment. This strengthens
Technip’s position as a technology provider to the downstream industry, and
should expand and diversify our Onshore/Offshore segment with revenue streams
from enhanced technology and high-end proprietary solutions.

Onshore/Offshore financial performance is set out in the following table:

€ million                                   3Q 2011  3Q 2012  Change
Onshore/Offshore                                             
Revenue                                      944.2     1,011.0   7.1%
Operating Income From Recurring Activities   67.1      71.4      6.4%
Operating Margin                            7.1%     7.1%     (4)bp
                                                                 

3. Group

Technip Group’s Operating Income From Recurring Activities including Corporate
charges as detailed in annex I (c) is set out in the following table:

€ million                                   3Q 2011  3Q 2012  Change
Group                                                        
Revenue                                      1,698.6   2,085.9   22.8%
Operating Income From Recurring Activities   180.9     215.2     19.0%
Operating Margin                            10.6%    10.3%    (33)bp
                                                                 

In third quarter 2012, foreign exchange had a positive impact estimated at
€122 million on revenue and a positive impact estimated at €13 million on
operating income from recurring activities.

Financial result on contracts recognized as revenue amounted to €2 million in
third quarter 2012.

4. Group Net Income

Operating income was €211 million in third quarter 2012, including €4 million
of acquisition costs, versus €176 million a year ago.

Financial result in third quarter 2012 included a €10 million positive impact
from changes in foreign exchange rates and fair market value of hedging
instruments, compared with a €3million positive impact last year.

The variation in Diluted Number of Shares is mainly due to the potential
dilution of convertible bonds (OCEANE), capital increase for Technip
employees, as well as share subscription options and performance shares
granted to Technip Group employees.

€ million, except Diluted Earnings per    3Q 2011      3Q 2012      Change
Share, and Diluted Number of Shares
Operating Income From Recurring           180.9        215.2        19.0%
Activities
Income / (Charges) from Non-Current        (4.7)         (4.0)         (14.9)%
Activities
Operating Income                           176.2         211.2         19.9%
Financial Result                           (3.3)         (4.5)         36.4%
Income Tax Expense                         (51.9)        (58.8)        13.3%
Effective Tax Rate                         30.0%         28.4%         (157)bp
Non-Controlling Interests                  -             (1.6)         nm
Net Income                                 121.0         146.3         20.9%
Diluted Number of Shares                   116,103,002   125,063,329   7.7%
Diluted Earnings per Share (€)            1.07         1.21         13.4%
                                                                       

5. Cash Flow and Statement of Financial Position

As of September 30, 2012, Group’s net cash position was €184 million compared
to €252 million at the end of June 2012.

Net Cash Position as of June 30, 2012                     252.0
Net Cash Generated from / (Used in) Operating Activities   229.0
of which:
Cash Generated from / (Used in) Operations                 252,5
Change in Working Capital Requirements                     (23.5)
Capital Expenditures                                       (109.6)
Acquisition of Stone & Webster Process Technologies        (229.0)
Other including FX Impacts*                                41.1
Net Cash Position as of September 30, 2012                183.5
                                                           

(*) Includes impact of preliminary assessment of purchase price allocation of
Global Industries, which is reflected in restated December 31, 2011 statement
of financial position, in annex II.

Capital expenditures for third quarter 2012 were €110 million compared to
€107million one year ago. Year-to-date, they amounted to €358million versus
€218 million one year ago, underlying our sustained effort to move our capex
along as fast as possible. Total capital expenditure for 2012 is expected to
be around €500 million.

Shareholders’ equity as of September 30, 2012, was €3,983 million compared
with €3,673million as of December 31, 2011.

III. FULL YEAR 2012 OUTLOOK

  *Group revenue towards €8.0 billion (formerly between €7.65 and €8.0
    billion)
  *Subsea revenue at least €3.50 billion (formerly between €3.35 and
    €3.50billion), with operating margin around 15% (unchanged)
  *Onshore/Offshore revenue around €4.3 billion (formerly between €4.3 and
    €4.5 billion), with operating margin between 6.5% and 7% (formerly between
    6% and 7%)

                                      °
                                     ° °

  The information package on Third Quarter 2012 results includes this press
release and the annexes which follow, as well as the presentation published on
                      Technip’s website: www.technip.com

                                    NOTICE

Today, Thursday, October 25, 2012, Chairman and CEO Thierry Pilenko, along
with CFO Julian Waldron, will comment on Technip’s results and answer
questions from the financial community during a conference call in English
starting at 10:00a.m. CET.

To participate in the conference call, you may call any of the following
telephone numbers approximately 5 - 10 minutes prior to the scheduled start
time:

France / Continental Europe: + 33 (0)1 70 77 09 38

UK: + 44 (0)203367 9458

USA: + 1866907 5923

The conference call will also be available via a simultaneous, listen-only
audio-cast on Technip’s website.

A replay of this conference call will be available approximately two hours
following the conference call for 90 days on Technip’s website and for two
weeks at the following telephone numbers:

                              Telephone Numbers        Confirmation Code
France / Continental             + 33 (0)1 72 00 15 00       278151#
Europe:
UK:                              + 44 (0)203 367 9460        278151#
USA:                             + 1 877 642 3018            278151#
                                                             

Cautionary note regarding forward-looking statements

This presentation contains both historical and forward-looking statements.
These forward-looking statements are not based on historical facts, but rather
reflect our current expectations concerning future results and events, and
generally may be identified by the use of forward-looking words such as
“believe”, “aim”, “expect”, “anticipate”, “intend”, “foresee”, “likely”,
“should”, “planned”, “may”, “estimates”, “potential” or other similar words.
Similarly, statements that describe our objectives, plans or goals are or may
be forward-looking statements. These forward-looking statements involve known
and unknown risks, uncertainties and other factors that may cause our actual
results, performance or achievements to differ materially from the anticipated
results, performance or achievements expressed or implied by these
forward-looking statements. Risks that could cause actual results to differ
materially from the results anticipated in the forward-looking statements
include, among other things: our ability to successfully continue to originate
and execute large services contracts, and construction and project risks
generally; the level of production-related capital expenditure in the oil and
gas industry as well as other industries; currency fluctuations; interest rate
fluctuations; raw material (especially steel) as well as maritime freight
price fluctuations; the timing of development of energy resources; armed
conflict or political instability in the Arabian-Persian Gulf, Africa or other
regions; the strength of competition; control of costs and expenses; the
reduced availability of government-sponsored export financing; losses in one
or more of our large contracts; U.S. legislation relating to investments in
Iran or elsewhere where we seek to do business; changes in tax legislation,
rules, regulation or enforcement; intensified price pressure by our
competitors; severe weather conditions; our ability to successfully keep pace
with technology changes; our ability to attract and retain qualified
personnel; the evolution, interpretation and uniform application and
enforcement of International Financial Reporting Standards (IFRS), according
to which we prepare our financial statements as of January 1, 2005; political
and social stability in developing countries; competition; supply chain
bottlenecks; the ability of our subcontractors to attract skilled labor; the
fact that our operations may cause the discharge of hazardous substances,
leading to significant environmental remediation costs; our ability to manage
and mitigate logistical challenges due to underdeveloped infrastructure in
some countries where we are performing projects.

Some of these risk factors are set forth and discussed in more detail in our
Annual Report. Should one of these known or unknown risks materialize, or
should our underlying assumptions prove incorrect, our future results could be
adversely affected, causing these results to differ materially from those
expressed in our forward-looking statements. These factors are not necessarily
all of the important factors that could cause our actual results to differ
materially from those expressed in any of our forward-looking statements.
Other unknown or unpredictable factors also could have material adverse
effects on our future results. The forward-looking statements included in this
release are made only as of the date of this release. We cannot assure you
that projected results or events will be achieved. We do not intend, and do
not assume any obligation to update any industry information or
forward-looking information set forth in this release to reflect subsequent
events or circumstances.

                                     ****

This presentation does not constitute an offer or invitation to purchase any
securities of Technip in the United States or any other jurisdiction.
Securities may not be offered or sold in the United States absent registration
or an exemption from registration. The information contained in this
presentation may not be relied upon in deciding whether or not to acquire
Technip securities.

This presentation is being furnished to you solely for your information, and
it may not be reproduced, redistributed or published, directly or indirectly,
in whole or in part, to any other person. Non-compliance with these
restrictions may result in the violation of legal restrictions of the United
States or of other jurisdictions.

                                     ****

                                      °
                                     ° °

Technip is a world leader in project management, engineering and construction
for the energy industry.

From the deepest Subsea oil & gas developments to the largest and most complex
Offshore and Onshore infrastructures, our 32,000 people are constantly
offering the best solutions and most innovative technologies to meet the
world’s energy challenges.

Present in 48 countries, Technip has state-of-the-art industrial assets on all
continents and operates a fleet of specialized vessels for pipeline
installation and subsea construction.

Technip shares are listed on the NYSE Euronext Paris exchange and the USA
over-the-counter (OTC) market as an American Depositary Receipt (ADR: TKPPY).

ANNEX I (a)

CONSOLIDATED STATEMENT OF INCOME

IFRS, not audited
                                                     
€ million         Third Quarter                         9 Months
(Except Diluted
Earnings per
Share, and       2011         2012         Change   2011         2012         Change
Diluted Number
of Shares)
Revenue          1,698.6      2,085.9      22.8%    4,798.7      5,903.4      23.0%
Gross Margin     312.4        395.4        26.6%    924.2        1,108.4      19.9%
Research &
Development       (18.8)       (17.6)       (6.4)%    (46.2)       (50.2)       8.7%
Expenses
SG&A and Other   (112.7)      (162.6)      44.3%    (376.7)      (474.0)      25.8%
Operating
Income from      180.9        215.2        19.0%    501.3        584.2        16.5%
Recurring
Activities
Non-Current
Operating         (4.7)         (4.0)         (14.9)%   (4.7)         (7.0)         48.9%
Result
Operating        176.2        211.2        19.9%    496.6        577.2        16.2%
Income
Financial         (3.3)         (4.5)         36.4%     6.4           (29.6)        nm
Result
Income / (Loss)  172.9        206.7        19.5%    503.0        547.6        8.9%
before Tax
Income Tax        (51.9)        (58.8)        13.3%     (147.2)       (151.9)       3.2%
Expense
Non-Controlling   -             (1.6)         nm        2.0           (3.0)         nm
Interests
Net Income /     121.0        146.3        20.9%    357.8        392.7        9.8%
(Loss)
                                                                        
Diluted Number   116,103,002  125,063,329  7.7 %    116,297,370  123,857,522  6.5 %
of Shares
                                                                        
Diluted
Earnings per     1.07         1.21         13.4 %   3.14         3.29         4.8 %
Share (€)
                                                                                    

ANNEX I (b)

FOREIGN CURRENCY CONVERSION RATES

IFRS, not audited
                                      
             Closing Rate as of          Average Rate of
           Dec. 31,     Sept. 30,    3Q 2011  3Q 2012  9M 2011  9M 2012
             2011          2012
USD for 1   1.29         1.29         1.41     1.25     1.41     1.28
EUR
GBP for 1   0.84         0.80         0.88     0.79     0.87     0.81
EUR
BRL for 1   2.42         2.62         2.31     2.54     2.29     2.46
EUR
NOK for 1   7.75         7.37         7.77     7.39     7.80     7.51
EUR
                                                                  

ANNEX I (c)

ADDITIONAL INFORMATION BY BUSINESS SEGMENT

IFRS, not audited
                                                
                      Third Quarter                9 Months
€ million            2011    2012     Change   2011     2012     Change
SUBSEA                                                            
Revenue               754.4    1,074.9   42.5%     2,007.9   2,847.2   41.8%
Gross Margin          176.6    235.0     33.1%     503.9     642.6     27.5%
Operating Income
from Recurring        127.7    162.5     27.3%     339.6     424.4     25.0%
Activities
Operating Margin      16.9%    15.1%     (181)bp   16.9%     14.9%     (201)bp
Depreciation and      (30.1)   (47.1)    56.5%     (87.3)    (123.0)   40.9%
Amortization
EBITDA                157.8    209.6     32.8%     426.9     547.4     28.2%
EBITDA Margin        20.9%   19.5%    (142)bp  21.3%    19.2%    (204)bp
ONSHORE/OFFSHORE
Revenue               944.2    1,011.0   7.1%      2,790.8   3,056.2   9.5%
Gross Margin          135.8    160.4     18.1%     420.3     465.8     10.8%
Operating Income
from Recurring        67.1     71.4      6.4%      205.8     211.1     2.6%
Activities
Operating Margin      7.1%     7.1%      (4)bp     7.4%      6.9%      (47)bp
Depreciation and     (6.1)   (6.8)    11.5%    (19.9)   (20.4)   2.5%
Amortization
CORPORATE
Operating Income
from Recurring        (13.9)   (18.7)    34.5%     (44.1)    (51.3)    16.3%
Activities
Depreciation and     (0.8)   -        nm       (1.0)    -        nm
Amortization
                                                                       

ANNEX I (d)

REVENUE BY GEOGRAPHICAL AREA

IFRS, not audited
                                                
                     Third Quarter                 9 Months
€ million           2011     2012     % Δ      2011     2012     % Δ
Europe, Russia,     487.0    662.9    36.1%    1,382.4  1,784.4  29.1%
Central Asia
Africa              193.3    189.7    (1.9)%   678.2    506.7    (25.3)%
Middle East         364.7    254.0    (30.4)%  1,095.4  794.8    (27.4)%
Asia Pacific        251.0    329.1    31.1%    629.6    937.3    48.9%
Americas            402.6    650.2    61.5%    1,013.1  1,880.2  85.6%
TOTAL               1,698.6  2,085.9  22.8%    4,798.7  5,903.4  23.0%
                                                                  

ANNEX II

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

IFRS
                                                             
                                               Dec. 31, 2011,   Sept. 30, 2012
                                               restated*
                                               (not audited)   (not audited)
€ million                                                    
Fixed Assets                                   5,520.6          5,892.5
Deferred Tax Assets                           336.3           373.4
Non-Current Assets                            5,856.9         6,265.9
                                                            
Construction Contracts – Amounts in Assets     585.6            548.6
Inventories, Trade Receivables and Other       2,397.1          2,395.2
Cash & Cash Equivalents                       2,808.7         2,287.3
Current Assets                                5,791.4         5,231.1
                                                            
Assets Classified as Held for Sale            -               12.0
                                                            
Total Assets                                  11,648.3        11,509.0
                                                            
Shareholders’ Equity (Parent Company)          3,651.6          3,969.7
Non-Controlling Interests                     21.7            13.0
Shareholders’ Equity                          3,673.3         3,982.7
                                                            
Non-Current Financial Debts                    1,552.9          1,696.7
Non-Current Provisions                         139.2            159.0
Deferred Tax Liabilities and Other            237.1           298.7
Non-Current Liabilities
Non-Current Liabilities                       1,929.2         2,154.4
                                                            
Current Financial Debts                        598.5            407.1
Current Provisions                             345.0            265.7
Construction Contracts – Amounts in            700.0            858.2
Liabilities
Trade Payables & Other                        4,402.3         3,840.9
Current Liabilities                           6,045.8         5,371.9
                                                            
Total Shareholders’ Equity & Liabilities      11,648.3        11,509.0
                                                            
Net Cash Position                             657.3           183.5
                                                                

(*) Restated with preliminary assessment of purchase price allocation of
Global Industries.

Statement of Changes in Shareholders’ Equity (Parent Company), Audited (€
million):
Shareholders’ Equity as of December 31, 2011                 3,651.6
9 Months 2012 Net Income                                      392.7
9 Months 2012 Other Comprehensive Income                      10.0
Capital Increase                                              114.0
Treasury Shares                                               (17.6)
Dividends Paid                                                (172.6)
Other                                                         (8.4)
Shareholders’ Equity as of September 30, 2012                3,969.7
                                                              

ANNEX III (a)

CONSOLIDATED STATEMENT OF CASH FLOWS

IFRS, not audited
                                       
                                         9 Months
€ million                               2011               2012
                                                                   
Net Income / (Loss)                      357.8               392.7
Depreciation & Amortization of Fixed     108.2               143.4
Assets
Stock Options and Performance Share      31.5                30.0
Charges
Non-Current Provisions (including        21.8                17.3
Employee Benefits)
Deferred Income Tax                      27.4                56.3
Net (Gains) / Losses on Disposal of      0.1                 (5.7)
Assets and Investments
Non-Controlling Interests and Other      7.5                 23.5
Cash Generated from / (Used in)          554.3               657.5
Operations
                                                                       
Change in Working Capital Requirements   (163.7)             (442.1)
                                                                       
Net Cash Generated from / (Used in)                390.6               215.4
Operating Activities
                                                               
                                                                       
Capital Expenditures                     (218.4)             (357.6)
Proceeds from Non-Current Asset          3.7                 41.5
Disposals
Acquisitions of Financial Assets         (1.5)               (3.3)
Acquisition Costs of Consolidated        12.6                (240.1)
Companies, Net of Cash Acquired
                                                                       
Net Cash Generated from / (Used in)                (203.6)             (559.5)
Investing Activities
                                                               
                                                                       
Net Increase / (Decrease) in             (573.5)             (54.1)
Borrowings
Capital Increase                         26.0                114.0
Dividends Paid                           (156.1)             (172.6)
Share Buy-Back                           (4.7)               (82.6)
                                                                       
Net Cash Generated from / (Used in)                (708.3)             (195.3)
Financing Activities
                                                               
                                                                       
Net Effects of Foreign Exchange Rate               (61.1)              16.5
Changes
                                                                       
Net Increase / (Decrease) in Cash and              (582.4)             (522.9)
Cash Equivalents
                                                               
                                                                       
Bank Overdrafts at Period Beginning      (0.1)               (0.1)
Cash and Cash Equivalents at Period      3,105.7             2,808.7
Beginning
Bank Overdrafts at Period End            (0.1)               (1.6)
Cash and Cash Equivalents at Period      2,523.3             2,287.3
End
                                                   (582.4)             (522.9)
                                                                       

ANNEX III (b)

CASH & FINANCIAL DEBTS

IFRS
                            
                              Cash and Financial Debts
                              Dec. 31, 2011  Sept. 30, 2012
                              restated*
€ million                                   (not audited)
                              (not audited)
Cash Equivalents              1,890.1         1,254.1
Cash                          918.6           1,033.2
Cash & Cash Equivalents (A)  2,808.7        2,287.3
Current Financial Debts       598.5           407.1
Non-Current Financial Debts   1,552.9         1,696.7
Gross Debt (B)               2,151.4        2,103.8
Net Cash Position (A – B)    657.3          183.5
                                              

(*) Restated with preliminary assessment of purchase price allocation of
Global Industries.

ANNEX IV (a)

BACKLOG

not audited
                 
                   Backlog by Business Segment
                   As of           As of           Change
€ million         Sept. 30, 2011  Sept. 30, 2012 
Subsea             4,065.5          6,119.6          50.5%
Onshore/Offshore   6,052.7          7,398.8          22.2%
Total             10,118.2        13,518.4        33.6%
                                                     

                                 ANNEX IV (b)

                               CONTRACT AWARDS

                                 not audited

The main contracts we announced during third quarter 2012 were the following:

Subsea segment was awarded:

  *By Dubai Petroleum, an engineering, procurement, installation and
    commissioning (EPIC) contract for the South West Fatah and Falah fields,
    located 90 kilometers offshore Dubai, United Arab Emirates, at a water
    depth up to 53 meters. The contract scope includes the replacement of a
    12-inch gas pipeline and six 18-inch water injection pipelines,
  *By Apache Energy Ltd, a subsea installation contract worth approximately
    €50 million for the Balnaves oil field development, located in the
    Carnarvon Basin, offshore Northwestern Australia, at a water depth of
    approximately 135 meters,
  *A contract by Marathon Oil Norge AS for on-going expansion of the subsea
    drill centers at Kneler B and Volund located in the Alvheim area in the
    North Sea. The water depth in the area is around 120 meters, and the
    subsea work will be performed by use of remotely-operated vehicules as
    well as by divers,
  *By Ithaca Energy (UK) Ltd, an EPIC subsea contract for the Greater Stella
    Area (GSA) development, located 280 kilometers East-Southeast of Aberdeen,
    Scotland at a water depth of approximately 90 meters,
  *A five-year inspection, repair and maintenance (IRM) frame agreement
    contract by ConocoPhillips (U.K.) Limited for various assets in the
    Central, Southern North Sea and East Irish Sea. The contract covers diver
    repair and maintenance solutions for the company’s existing U.K. subsea
    infrastructure,
  *By Swiber Offshore Construction a flexible pipe supply contract for the
    Brunei Shell Petroleum’s Champion Field, located 40 kilometers offshore
    Brunei, at a water depth of 45 meters. The contract covers the supply of
    12 flexible flowlines, with a total length of 19 kilometers,
  *By Statoil a contract for the fabrication, installation and tie-ins of
    flowlines for the Gullfaks South field development. The field is in the
    northern part of the North Sea, located approximately 190 kilometers
    northwest of Bergen, Norway, at water depths between 130 and 220 meters.

Onshore/Offshore segment was awarded:

  *By Reliance Industries Limited (RIL) a license, supply of basic
    engineering package and an engineering and procurement services contract
    for the Refinery Off-Gas Cracker (ROGC) plant. This contract is part of
    the expansion project being executed at RIL’s world-scale Jamnagar
    refining and petrochemical complex in Gujarat, on the West coast of India,
  *By the petrochemical company Al-Jubail Petrochemical Company (KEMYA) - a
    joint venture between SABIC and Exxon Chemical Arabia, an affiliate of
    ExxonMobil Chemical Company - a contract for the engineering, procurement
    and construction of an Halobutyl facility, located in Al-Jubail, Saudi
    Arabia. This project is part of the Saudi Elastomers Program undertaken by
    KEMYA to set up a world-scale specialty elastomers facility to serve local
    markets, the Middle East and Asia,
  *In a consortium with National Petroleum Construction Company (NPCC), by
    Zakum Development Company (ZADCO), a lump sum engineering, procurement,
    fabrication, installation, commissioning and start-up contract for the
    Upper Zakum 750K Project in Abu Dhabi, United Arab Emirates,
  *An important offshore commissioning contract, worth approximately €210
    million, for the Ichthys LNG Project located in the Browse Basin, Western
    Australia. An integrated team will work on all activities related to the
    preparation and execution of the offshore commissioning for the floating,
    production, storage and offloading unit and the central processing
    facility,
  *Two contracts, worth a total value of about €50 million, for the front-end
    engineering design (FEED) services of two refineries in Kazakhstan. These
    awards consist of the modernization of two out of the three existing
    refineries in the country.

Since September 30, 2012, Technip has also announced the award of following
contracts, which were included in the backlog as of September 30, 2012:

Subsea segment was awarded:

  *By Murphy Exploration & Production Company, USA a lump sum contract for
    the development of the Dalmatian field, located in the Gulf of Mexico, at
    a water depth ranging from 530 to 1,800 meters. This field, jointly owned
    by Murphy and Ecopetrol America Inc., is comprised of the De Soto Canyon
    Blocks 4, 47, 48 and 91,
  *In a consortium with Offshore Oil Engineering Co. Ltd (COOEC), by China
    National Offshore Oil Corporation (CNOOC) Deepwater Development Limited an
    engineering, a procurement, installation and construction services
    contract. This contract, worth approximately €200 million (Technip share:
    around €110 million), is for the South China Sea deepwater gas development
    project in the Panyu field, located about 150 kilometers South of Hong
    Kong.

Onshore/Offshore segment was awarded:

  *In a joint venture formed by Odebrecht (40%), Technip (40%) and ICA Fluor
    (20%), a contract worth more than US$2.7 billion (around €2.1 billion) for
    the engineering, procurement and construction (EPC) of a petrochemical
    complex to be built in the Coatzacoalcos/Nanchital region, in the Mexican
    state of Veracruz.

Contact:

Analyst and Investor Relations
Kimberly Stewart, +33 (0)1 47 78 66 74
kstewart@technip.com
or
Apollinaire Vandier, +33 (0)1 47 78 60 74
avandier@technip.com
or
Chuan Wang, +33 (0)1 47 78 36 27
chuwang@technip.com
or
Public Relations
Christophe Bélorgeot, +33 (0)1 47 78 39 92
Floriane Lassalle-Massip, +33 (0)1 47 78 32 79
press@technip.com
or
Technip’s website http://www.technip.com
Technip’s IR website http://investors-en.technip.com
Technip’s IR mobile website http://investors.mobi-en.technip.com