Sonatrach and TechnipFMC Announce That the Dispute Related to the Rehabilitation of the Refinery in Algiers Has Been Definitively Settled

LONDON & PARIS & HOUSTON–(BUSINESS WIRE)–Sonatrach and TechnipFMC (Paris:FTI) (NYSE:FTI) (ISIN:GB00BDSFG982)
decided to settle all disputes in relation to the terminated Contract of
the rehabilitation of the refinery in Algiers and to immediately end the
arbitration proceedings.

Sonatrach expressed its satisfaction to have reached a definitive
agreement that ends a litigation that was detrimental to both parties.

Thierry Pilenko, Executif Chairman of TechnipFMC, stated to be very
pleased to have reached a final and amicable settlement of this dispute.
This settlement is satisfactory to both parties involved and will allow
us to look together to the future.

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Important Information for Investors and Securityholders

Forward-Looking Statement

This release contains “forward-looking statements” as defined in Section
27A of the United States Securities Act of 1933, as amended, and Section
21E of the United States Securities Exchange Act of 1934, as amended.
The words “estimated”, “aimed”, “scheduled” and similar expressions are
intended to identify forward-looking statements, which are generally not
historical in nature. Such forward-looking statements involve
significant risks, uncertainties and assumptions that could cause actual
results to differ materially from our historical experience and our
present expectations or projections. Known material factors that could
cause our actual results to differ from those in the forward-looking
statements include the Company’s ability to successfully complete the
work. For additional information regarding known material factors that
could cause actual results to differ from projected results, please see
our risk factors set forth in our filings with the United States
Securities and Exchange Commission, which include our Registration
Statement on Form S-4, Annual Reports on Form 10-K, Quarterly Reports on
Form 10-Q and Current Reports on Form 8-K.

We caution you not to place undue reliance on any forward-looking
statements, which speak only as of the date hereof. We undertake no
obligation to publicly update or revise any of our forward-looking
statements after the date they are made, whether as a result of new
information, future events or otherwise, except to the extent required
by law.

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About TechnipFMC

TechnipFMC is a global leader in subsea, onshore/offshore, and surface
projects. With our proprietary technologies and production systems,
integrated expertise, and comprehensive solutions, we are transforming
our clients’ project economics.

We are uniquely positioned to deliver greater efficiency across project
lifecycles from concept to project delivery and beyond. Through
innovative technologies and improved efficiencies, our offering unlocks
new possibilities for our clients in developing their oil and gas
resources.

Each of our more than 40,000 employees is driven by a steady commitment
to clients and a culture of purposeful innovation, challenging industry
conventions, and rethinking how the best results are achieved.

To learn more about us and how we are enhancing the performance of
the world’s energy industry, go to TechnipFMC.com and follow us on
Twitter @TechnipFMC.

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