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TECHNIP AND THE GLOBAL COMPACT

Technip has just signed up to the Global Compact launched by the United Nations. By so doing we have underlined our commitment to the fundamental values of human rights, labor and the environment, which echo those laid down in our own Code of Business Ethics. In conducting its business, our Group is committed to helping seek out concrete solutions to current issues relating to sustainable development, the social and civil responsibility of businesses and globalization. In unison with other companies from across the world, we will be working on the basis of the ten Global Compact principles in order to establish a global economy which is more viable and open.

Daniel Valot Chairman and Chief Executive Officer

TECHNIP AND THE GLOBAL COMPACT

THE GLOBAL COMPACT

The Global Compact is an international initiative by the SecretaryGeneral of the United Nations, Kofi A. Annan, launched in July 2000. It unites businesses and United Nations bodies, labor and civil society around ten universal principles relating to human rights, labor and the environment. The Global Compact is aimed at fostering civic responsibility among businesses. The objective is for the business world to play an active role in identifying solutions to the problems raised by globalization. In partnership with other players in the social field, the private sector can thus contribute to achieving the UN Secretary General's goal of a more viable and open global economy. The Global Compact is a voluntary initiative by responsible companies, which undertake to incorporate the principles into their strategies and business activities. Today, hundreds of companies around the world have signed up. To achieve its objectives, the Global Compact offers several facilitation and participation mechanisms: consensus-building on policies, learning, local structures and projects.

The Global Compact is a network, at the heart of which is the Global Compact Office and four United Nations agencies: the office of the United Nations High Commissioner for Human Rights; the United Nations Environment Program; the International Labor Organization and the United Nations Development Program. It also calls on the involvement of all the social partners concerned: governments, companies, labor, civil society organizations and the United Nations.

TECHNIP AND THE GLOBAL COMPACT

THE TEN PRINCIPLES

The principles of the Global Compact relating to human rights, labor and the environment are the subject of universal consensus and are founded on the following: The Universal Declaration of Human Rights; The International Labor Organization's Declaration on Fundamental Principles and Rights at Work The Rio Declaration on the Environment and Development.

Human rights

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Businesses should support and respect the protection of internationally proclaimed human rights within their sphere of influence; and Make sure that they are not complicit in human rights abuses.

Labor standards

Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining; The elimination of all forms of forced and compulsory labor; Effective abolition of child labor; and Eliminate discrimination in respect of employment and occupation.

Environment

Businesses should support a precautionary approach to environmental challenges; Undertake initiatives to promote greater environmental responsibility; Encourage the development and diffusion of environmentally friendly technologies

Anti-corruption

Businesses should work against all forms of corruption, including extortion and bribery.

TECHNIP AND THE GLOBAL COMPACT

THE PARTICIPATION OF TECHNIP

On April 14, 2003, by means of a letter from Daniel Valot, Chairman and Chief Executive Officer, Technip pledged to uphold the Global Compact's ten principles relating to human rights, labor and the environment, by:

supporting and promoting these principles in its sphere of influence, incorporating the Global Compact and its principles into the Group's strategy, culture and daily activities, making a clear declaration of its commitment in this regard to Technip employees, clients, partners and the public at large, detailing in its annual report or any similar publication the manner in which the Group applies the Global Compact and its ten principles.

Technip - La Défense 12 - 92973 Paris La Défense Cedex - France Tél. : +33 (0)1 47 78 21 21 - Fax : +33 (0)1 47 78 33 40 www.technip.com

INTERNAL COMMUNICATIONS DEPARTMENT - May 2005

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Technip and the Global Compact

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