Combined Shareholders' Meeting Dated July 3, 2003 on First Notice and Dated July 11, 2003 on Second Notice.

Business Editors

PARIS--(BUSINESS WIRE)--June 18, 2003

The Shareholders of Technip-Coflexip are invited to attend to the Combined General Meeting which will be held on July 3, 2003 at 9:00 am, at the Maison de la Chimie - Room 233 but in all probability, due to lack of quorum on that date, it is unlikely to be able to make valid deliberations at that time. The meeting will therefore be reconvened on Friday July 11, 2003, at 11:00 am.

AGENDA

Report of the Board of Directors to the General Meeting

A. For consideration by the Extraordinary Meeting:

1. Approval of the merger of Coflexip into Technip-Coflexip;

2. Merger premium;

3. Stock options;

4. Acknowledgement of the completion of the merger;

5. Amendment to the bylaws;

6. Employee share ownership program;

7. Employee share ownership program (leverage effect);

8. Powers for formalities;

B. For consideration by the Ordinary Meeting:

9. Ratification of the appointment of a Director;

C. For consideration by the combined Extraordinary and Ordinary Meeting:

10. Powers.

All documents provided for by the law and proxy forms will be available beginning June 18, 2003, which is the date of the legal announcement convening the meeting, at BNP-PARIBAS, GIS-Emetteurs, Service des Assemblees, Les Collines de l'Arche de la Defense, 75450 PARIS cedex 09, France.

Shareholders holding bearer shares will have to enclose with their request a certificate issued by the financial institution handling such shares stating that the same have been blocked.

With a workforce of about 19,000, Technip-Coflexip ranks among the top five in the field of oil, gas and petrochemical engineering, construction and services. Headquartered in Paris, the Group is listed in New York (NYSE:TKP) and in Paris (Euronext:13170). The main engineering and business centers of Technip-Coflexip are located in France, Italy, Germany, the UK, Norway, Finland, the Netherlands, the United States, Brazil, Abu-Dhabi, China, India, Malaysia and Australia. The Group has high-quality industrial and construction facilities in France, Brazil, the UK, the USA, and Finland as well as a world class fleet of offshore construction vessels.

Statements in this news release other than historical financial information are forward-looking statements subject to risks and uncertainties. Actual results could differ materially depending on factors such as capital expenditures in the oil and gas industry, the timing of development of offshore energy resources, materialization of construction risks, the strength of competition, interest rate movements and stability in developing countries.