Press Release

TechnipFMC Completes Acquisition of Magma Global to
Accelerate Development of Breakthrough Composite Pipe
Technologies for Conventional Energy and CO2 Applications

NEWCASTLE & HOUSTON, October 13, 2021 — TechnipFMC (NYSE:FTI) (PARIS:FTI)
today announced that it has completed the acquisition of the outstanding shares of Magma
Global (Magma), the leading provider of composite pipe technology to support the Energy
Transition.

TechnipFMC originally acquired an interest in Magma in 2018, combining its strong history
in flexible pipe technology with Magma’s advanced composite capabilities to develop a
disruptive composite pipe solution for the traditional and new energy industries.

Magma technology enables the manufacture of Thermoplastic Composite Pipe (TCP)
using Polyether Ether Ketone (PEEK) polymer, which is highly resistant to corrosive
compounds, such as CO 2. When combined with TechnipFMC’s flexible pipe technology,
this forms a Hybrid Flexible Pipe (HFP) that will be deployed in the Brazilian pre-salt fields.

Manufactured by a fully automated robotic system, PEEK TCP will also be a critical
enabler for both the carbon capture, utilization and storage (CCUS) and hydrogen
transportation markets, and particularly in offshore applications.

Jonathan Landes, President, Subsea at TechnipFMC, commented: “Magma and
TechnipFMC bring together decades of combined knowledge regarding the development
and installation of composite and flexible pipe. The combination of TechnipFMC’s
experience delivering complex integrated Engineering, Procurement, Construction and
Installation (iEPCI™) projects offshore with Magma’s leading position in composite
technologies confirms our commitment to solving the industry’s greatest challenges, while
upholding our commitments to sustainability.”

Justin Rounce, Executive Vice President and Chief Technology Officer at TechnipFMC,
added: “This technology will also be a key enabler for offshore Energy Transition
developments, such as transportation of green hydrogen, as pioneered by TechnipFMC’s
Deep Purple™ offshore energy system, and transportation of CO 2 utilizing an integrated
carbon transportation and storage solution.”




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Martin Jones, CEO at Magma, said: “Joining TechnipFMC is the natural step on our
journey to maximize the commercialization of our technology. We are immensely proud of
the PEEK TCP technology and advanced manufacturing system we have developed.
Working together with TechnipFMC, we look forward to delivering innovative and
disruptive solutions for both subsea risers and flowlines and CCUS applications.”

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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 “believe”, “estimated” and other
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. For 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 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 leading technology provider to the traditional and new energ y industries,
delivering fully integrated projects, products, and services.

With our proprietary technologies and comprehensive solutions, we are transforming our
clients’ project economics, helping them unlock new possibilities to develop energy
resources while reducing carbon intensity and supporting their energy transition ambitions.

Organized in two business segments – Subsea and Surface Technologies – we will
continue to advance the industry with our pioneering integrated ecosystems (such as
iEPCI™, iFEED™ and iComplete™), technology leadership and digital innovation.

Each of our approximately 20,000 employees is driven by a commitment to our clients’
success, and a culture of strong execution, purposeful innovation, and challenging
industry conventions.

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TechnipFMC uses its website as a channel of distribution of material company
information. To learn more about how we are driving change in the industry, go to
www.TechnipFMC.com and follow us on Twitter @TechnipFMC.



Contacts

Investor relations Media relations

Matt Seinsheimer Nicola Cameron
Vice President, Investor Relations Vice President, Corporate Communications
Tel: +1 281 260 3665 Tel: +44 1383 742297
Email: Matt Seinsheimer Email: Nicola Cameron

James Davis Catie Tuley
Senior Manager, Investor Relations Director, Public Relations
Tel: +1 281 260 3665 Tel: +1 281 591 5405
Email: James Davis Email: Catie Tuley




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