TechnipFMC Sells Stake in Technip Energies N.V.

Sold 17.6 million Technip Energies N.V. shares through a private sale transaction with HAL Investments. The sale price of the Shares in the Sale was set at €11.15 per Share, yielding total gross proceeds of €196.2 million.

HAL has agreed to a lock-up of 180 days for its shares in Technip Energies.

Upon completion of the Sale, representing approximately 9.9% of Technip Energies’ issued and outstanding share capital (the “Share Capital”), TechnipFMC retains a direct stake of approximately 12.3% of Technip Energies’ Share Capital. The Sale was conducted without a public offering in any country.

Settlement for the Sale will take place in two tranches. HAL will first acquire 8.6 million Shares from TechnipFMC, with settlement expected to take place in the coming days. Settlement for the remaining 9 million Shares is subject to HAL obtaining customary regulatory approvals and is expected early in the fourth quarter of 2021.

TechnipFMC is subject to a 60-day lock-up for its remaining shares in Technip Energies that expires on October 2, 2021, subject to waiver from the Joint Global Coordinators involved in the previous private placement and certain other customary exceptions. The Joint Global Coordinators granted a waiver solely for the purpose of the Sale. The 60-day lock-up for TechnipFMC remains in effect in all other respects.

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