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ADR FAQs

The following information does not contain all information that may be important to you. For more complete information, we highly recommend that you read the entire deposit agreement and the form of American Depositary Receipt, which contains the American Depositary Shares terms.

What is an American Depositary Receipt (ADR)?

ADRs are a negotiable US dollar denominated certificate representing ownership of shares in a non-US company. Technip’s ADRs represent Technip’s ordinary shares deposited with the depositary bank, to underlie such certificates and carry the rights attached to them as detailed in the Depositary Agreement. Holders of ADRs have the right to vote on shareholders resolutions, at the Company’s discretion, and to receive dividends in US dollars. The term ADR and ADS are often used interchangeably. ADRs were specifically designed to facilitate the purchase, holding and sale of non-U.S. securities by US investors, and to provide a corporate finance vehicle for non-U.S. companies.

What is an ADR ratio?

This is the relation between the number of Technip ordinary shares represented by 1 ADR. Four Technip ADRs represent one Technip ordinary share, i.e. the ratio is 1:4.

What are the benefits of ADRs to US investors?

U.S. investors may prefer to purchase ADRs rather than ordinary shares in the issuer’s home market because ADRs trade, clear and settle according to U.S. market conventions. One of an ADRs’ top advantages is the facilitated diversification into foreign securities. ADRs also allow easy comparison to securities of similar companies as well as access to price and trading information

What types of companies issue ADRs?

ADR issuers are typically large multinational corporations. Any non-U.S. company seeking to raise capital in the U.S. or increase their base of U.S. investor can issue ADRs.

Is it easy to get information and updates on Technip?

Information is widely available on Technip’s website www.technip.com . Investors can sign up to receive annual reports and press releases in English. Trading information is readily available on the OTC Markets website, http://www.otcqx.com and our depository bank’s website https://www.citiadr.idmanagedsolutions.com/stocks/profile.idms?cusip=878546209

Where are Technip ADRs traded?

Technip ADRs are traded in the OTC (over the counter) market. You can refer to http://www.otcmarkets.com , http://www.otcqx.com
and https://www.citiadr.idmanagedsolutions.com/stocks/profile.idms?cusip=878546209

Who is Technip’s depositary for ADRs?

Citibank Shareholder Services. The depositary bank plays a key role in issuance as well as cancellation of ADRs. It also, inter alia, maintains the ADR holder register, distributes the dividends in US dollars and facilitates the exercise by the ADRs holders of their voting rights.

How are ADRs related to Technip’s ordinary shares?

Four Technip ADR represent one Technip ordinary share, i.e. the ratio is 1:4.

What is the difference between a Registered holder and a Beneficial ADR holder?

A registered holder is one whose name appears on the books of the depositary. The registered holder is considered the owner of record. A beneficial holder is one whose holdings are registered in a name other than their own, such as in the name of a broker, bank or nominee.

How do I convert my ordinary shares into ADRs?

Converting ordinary shares into ADRs must be done through a broker investment advisor or through Citibank Shareholder Services. You can contact Citibank broker services desk on +1 877 248 4237.

What is a sponsored Level 1 ADR program?

In a Level 1 ADR program, the ADRs are not listed on a US stock exchange, but are traded in the US Over-the-Counter (OTC) market, mainly on the Pink Sheets electronic market. Technip Level 1 ADR program is admitted to OTCQX International Premier of Pink Sheets OTC market.

What is the U.S. Over-the-Counter (OTC) market?

The U.S. OTC trading in Level 1 ADRs is carried out by market makers using inter-dealer quotation services of OTC Markets (operated by OTC Markets) www.otcmarkets.com

Why have you chosen to list on the International OTCQX instead of the standard OTC market?

The International OTCQX is a premium market tier that distinguishes leading international companies from other securities traded in the US OTC market by the quality of their operating businesses, the excellence of their disclosure and their listing on a qualifying foreign stock exchange. Also the reporting and disclosure requirements of the International OTCQX are in line with the Company’s current standards of disclosure.

How do I buy/sell Technip ADRs?

You may buy/sell your ADRs through your broker.

Can I buy/sell Technip ADRs directly from Technip?

No. ADRs are no different than the ordinary shares, which may be bought/ sold through your broker.

Does Technip have a Direct Purchase Plan?

Not at the present time. Technip shares must be bought and sold through a licensed stockbroker.

How may I check how many ADRs I hold?

Please contact our transfer agent
Citibank Shareholder Services
P.O. Box 43077
Providence, Rhode Island 02940-3077
Email: citibank@shareholders-online.com
Toll-free number: +1 877 248 4237

Who is Technip’s Transfer Agent and how do I contact them?

Citibank Shareholder Services
P.O. Box 43077
Providence, Rhode Island 02940-3077
Email: citibank@shareholders-online.com
Toll-free number: +1 877 248 4237

To receive your Technip Annual Report, or other shareholder or company information please see Publications section of Technip’s website www.Technip.com .

To receive Notice of meeting and related proxy materials, please contact our transfer agent if you are a registered holder:

Citibank Shareholder Services
P.O. Box 43077
Providence, Rhode Island 02940-3077
Email: citibank@shareholders-online.com
Toll-free number: +1 877 248 4237

Beneficial holders should contact their broker

What is Technip’s ADR ticker symbol, CUSIP code and ISIN code?

Ticker: TKPPY
Cusip code: 878546209
ISIN code: US8785462099

Dividend and Tax information

What are dividends and how do I receive them?

Dividends are the way the company makes distributions from the company’s profits to shareholders. Technip’s Board of Directors may propose a dividend based on the Company’s yearly results for approval by the shareholders at the Annual General Meeting. If a dividend is declared, Technip pays the dividend on a date which is decided by the shareholders at the Annual General Meeting or by the board of directors in the absence of such decision by the shareholders. A dividend is paid for each ordinary share, so the amount you receive depends on the number of ADRs you own.

Technip declares dividends in Euros and the Depositary converts the Euros into US dollars for the purpose of the distribution to ADRs holders. The amount you receive depends upon the exchange rate between Euro and US dollar on the conversion date.

The Annual General Meeting may authorize the grant to each shareholder of an option to receive all or part of a dividend in cash or in ordinary shares. In such a case, the Depositary will issue additional ADRs to evidence the number of ADS representing such ordinary shares. Please refer to the Deposit Agreement.

Technip’s Board of Directors may without obtaining the General Meeting approval declare interim dividends paid in cash or with the prior approval of the General Meeting, paid in shares at the option of the shareholder.

How may I find out dividend and corporate action information on Technip?

Suggestion: For dividend and corporate action information, please visit: www.technip.com (Investor Relations heading) or https://www.citiadr.idmanagedsolutions.com/stocks/profile.idms?cusip=878546209 (Corporate Actions Tab) Alternatively you may contact Citibank Shareholder Services on toll-free number +1 877 248 4237.

 
How often does Technip pay dividends?

When the operating results for a year have been agreed by Technip’s Board of Directors, the Board of Directors may decide to propose a dividend for approval by the shareholders at the Annual General Meeting. If a dividend is declared, Technip pays the dividend on a date which is decided by the shareholders at the Annual General Meeting or by the board of directors in the absence of such decision by the shareholders. A dividend is paid for each ordinary share, so the amount you receive depends on the number of ADRs you own.

Technip’s Board of Directors may without obtaining the General Meeting approval declare interim dividends paid in cash or with the prior approval of the General Meeting, paid in shares at the option of the shareholder.

How are ADR dividends paid and taxed?

In no way does this site attempt to provide legal and tax instructions. You are urged to seek the advice of your tax advisor, attorney, and/or financial planner who will evaluate your overall circumstances. The application and impact of laws can vary widely based on the specific facts involved.

Can I have my dividends paid directly into my bank account?

Please use the Direct Dividend Deposit Authorization Agreement on AST’s website: http://www.amstock.com/shareholder/gdd.pdf

I have not received my dividend check. What should I do?

Please contact:
Citibank Shareholder Services
P.O. Box 43077
Providence, Rhode Island 02940-3077
Email: citibank@shareholders-online.com
Toll-free number: +1 877 248 4237

I have lost my dividend check, what should I do?

Please contact Citibank who will arrange for a replacement. In most cases a fee is charged for a replacement check. You can also arrange to have your dividends paid directly to your chosen bank account. Please use the Direct Dividend Deposit Authorization Agreement on AST’s website: http://www.amstock.com/shareholder/gdd.pdf

For further information please refer to: http://www.amstock.com/shareholder/sh_faqs.asp

How do I obtain historical share prices of Technip’s ADRs, for the purpose of completing my tax return?

Historical share prices for Technip’s ADRs can be found in the share performance section of this website, where we hold data going back to 2001. If you require share prices prior to this, you should contact your own broker. Alternatively, the OTC Markets platform can provide this information www.otcmarkets.com .

Account Management (for registered holders only)

I have more than one account, arising from inconsistencies in my name and/or address. To avoid duplicate mailings, how may I amalgamate these accounts?

You should contact:
Citibank Shareholder Services
P.O. Box 43077
Providence, Rhode Island 02940-3077
Email: citibank@shareholders-online.com
Toll-free number: +1 877 248 4237

I keep receiving duplicate documents?

This could be because you have more than one account shown on Technip’s ADRs register. If you would like to amalgamate your accounts to ensure this does not happen in the future, please contact our transfer agent AST (for registered holders only) or your broker.

I have changed my address; how do I notify you?

You can update your address details by accessing your account online at http://www.amstock.com
Alternatively you can obtain a change of address form from our Transfer Agent by calling on +1 866 706 0509 and return it to them by mail.

I have changed my name; what do I do?

You need to complete a Stock Power form provided by AST ( http://www.amstock.com/shareholder/sh_downloads.asp ) enclosing a copy of your marriage certificate or change of name deed together with your share certificate(s).

What do I need to do if I change my personal details?

You can either change your address on your online account with AST ( www.amstock.com ) or send your new details in writing to Citibank at the address below

Citibank Shareholder Services
P.O. Box 43077
Providence, Rhode Island 02940-3077

How do I transfer ADRs into another person's name?

You need to complete a Stock Power form ( http://www.amstock.com/shareholder/sh_downloads.asp ) Please return it (with inheritance taxes paid where appropriate) to Citibank together with your share certificate(s).

The ADRs owner has died; what do I do?

If the ADRs owner is the sole holder, you need to notify the Transfer Agent as soon as possible. A restriction will be placed on the holding to retain dividends until probate is registered. You will then be contacted by letter to explain what is required from the executor or administrator of the Estate.

If the ADRs are held in joint names, the account can be re-registered in the sole name of the other owner(s). You need to notify the Transfer Agent in writing, enclosing the original share certificate and a certified copy of the death certificate, so that a replacement certificate can be issued in the new name(s).

Can I donate my ADRs to charity?

Yes. For further details, please contact our transfert agent AST

Annual General Meeting (AGM)

Can I receive my Annual General Meeting documents electronically?

Yes if a registered holder has an online account with American Stock Transfer: http://www.amstock.com . The Annual General Meeting documents are also available on Technip website www.technip.com .

I am unable to attend the AGM, can I appoint a proxy?

Yes, full details will be given in the Notice of Annual general meeting, sent to ADRs registered holders only prior to the meeting.

When is Technip’s next Annual General Meeting?

Please see our Events Calendar and AGM section of this website.

When and where was the most recent Annual General Meeting of Technip stockholders?

Please see our Events Calendar and AGM section on the website.

When will Technip next publish their results?

Please take a look at our Events Calendar for details of our scheduled events.

General

Where does Technip operate?

We execute projects throughout the world. Please take a look at our fields of activities for more details.

How has Technip performed over the past five years in terms of growth, revenues and profits?

Please see Financial Information section of our website.

How do I obtain a copy of the annual report or the most recent results?

To save time and energy, you may download a copy of the annual report and the most recent results in the section Financial Information . Alternatively, you may request a hard copy in the section Information Request .

What account methods does Technip report?

Technip reports according to International Financial Reporting Standards (IFRS).

Has Technip’s shares/stock ever split?

Yes. A 4-for-1 ordinary share split with the corresponding division of the nominal ordinary share value took place on May 13, 2005, after the Paris stock market close.