Technip and Hatch Joint Venture Awarded Koniambo Nickel Project in New Caledonia

The EPCM contract, valued at over US$ 250 million, includes theengineering for the overall investment, as well as procurement andconstruction project management services. The engineering will becarried out by Technip and Hatch's engineering centers.

Facilities at this world-class nickel operation will include thelaterite mine and ore-transport facilities, a pyro-metallurgical oreprocessing plant with associated utilities, a coal-fired power plantand other infrastructures. The overall investment in the Koniamboproject will total about US$ 2.2 billion.

Construction is scheduled to begin in 2007 with the earliestproduction start-up targeted for 2009/10.

Daniel Valot, Chairman and CEO for Technip stated, "Technip isvery proud to be part of the Koniambo project. We of course realizehow important this project is for France and the New Caledonianpeople. We have worked with Hatch on this project for several yearsand believe we can deploy the best both companies can offer."

Kurt A. Strobele, CEO for Hatch stated, "Hatch sees Koniambo as agreat opportunity for Falconbridge and we are proud to be part of it.Hatch clearly understands how important the development of thisopportunity is for Falconbridge and the New Caledonian people."

About the companies:

Technip

With a workforce of more than 20,000 people, Technip ranks amongthe top five corporations in the field of oil, gas and petrochemicalengineering, construction and services. Headquartered in Paris, theGroup is listed in New York and Paris. The Group's main operations andengineering centers and business units are located in France, Italy,Germany, the UK, Norway, Finland, the Netherlands, the USA, Brazil,Abu-Dhabi, China, India, Malaysia and Australia. In support of itsactivities, the Group manufactures flexible pipes and umbilicals, andbuilds offshore platforms in its manufacturing plants and fabricationyards in France, Brazil, the UK, the USA, Finland and Angola, and hasa fleet of specialized vessels for pipeline installation and subseaconstruction.

Hatch

Hatch is one of the world's foremost consulting, engineering andproject management firms for the mining/metals, energy andinfrastructure industries. It is particularly known for thedevelopment and implementation of new metallurgical processfacilities. Hatch is an employee-owned company with a workforce ofmore than 6,500 in 80 offices on six continents. From it's major hubslocated in Mississauga and Montreal Canada; Brisbane; Perth, andWollongong, Australia; Santiago, Chile; and Johannesburg, South AfricaHatch provides a wide variety of professional services.

Technip's website is accessible at http://www.technip.com

Hatch's website is accessible at http://www.hatch.ca

Technip's shares trade on the following exchanges:(NYSE:TKP)(EURONEXT:TEC)(ISIN:FR0000131708)