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FMC Technologies Announces Commencement of "When Issued" Public Market in Conjunction with Spin-Off of John Bean Technologies Corporation

HOUSTON, Jul 17, 2008 (BUSINESS WIRE) -- FMC Technologies, Inc. (NYSE:FTI) announced that a "when issued" public market will commence tomorrow, July 18, on the New York Stock Exchange in conjunction with the spin-off of John Bean Technologies Corporation (JBT) from FMC Technologies (FTI).

On July 14, FTI announced that its Board of Directors approved the spin-off of FTI's 100-percent ownership of JBT (NYSE:JBT) by declaring a dividend of JBT common stock. The dividend will be distributed at the close of business on July 31, 2008, to FTI shareholders of record as of July 22, 2008. Each holder of FTI common stock will receive a dividend of 0.216 share of JBT common stock for every share of FTI common stock held on the record date.

FTI common stock will trade under the symbol "FTI WI" while JBT common stock will trade under the symbol "JBT WI." "FTI WI" will exclude the dividend of JBT common stock. During this time, FTI shares will also trade "regular way" under the symbol "FTI" and include the dividend of JBT common stock. Following the distribution on July 31, 2008, the common stock of both companies will trade regular way.

FMC Technologies, Inc. (NYSE:FTI) is a leading global provider of technology solutions for the energy industry and other industrial markets. The Company designs, manufactures and services technologically sophisticated systems and products such as subsea production and processing systems, surface wellhead systems, high pressure fluid control equipment, measurement solutions, and marine loading systems for the oil and gas industry. Named by FORTUNE Magazine as America's Most Admired Oil and Gas Equipment, Service Company in 2005, 2006 and 2008, FMC Technologies employs approximately 13,000 people and operates 33 manufacturing facilities in 19 countries. For more information visit www.fmctechnologies.com.

John Bean Technologies Corporation ("JBT") is a leading global technology solutions provider to high-value segments of the food processing and air transportation industries. The Company designs, manufactures, tests and services technologically sophisticated systems and products for customers through its JBT FoodTech and JBT AeroTech segments. For more information visit www.jbtcorporation.com.

This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are information of a non-historical nature and are subject to risks and uncertainties that are beyond the Company's ability to control. These risks and uncertainties are described under the caption "Risk Factors" in JBT's Registration Statement on Form 10. These risks and uncertainties are also described under the caption "Risk Factors" in FMC Technologies' Annual Report on Form 10-K for the year ended December 31, 2007 and may be modified in subsequent quarterly reports filed by the Company with the Securities and Exchange Commission that may be accessed on the Company's website. The Company cautions shareholders and prospective investors that actual results may differ materially from those indicated by the forward-looking statements.

SOURCE: FMC Technologies, Inc.


FMC Technologies, Inc.
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FMC Technologies, Inc. (NYSE:FTI) is a leading global provider of technology solutions for the energy industry and other industrial markets. The Company designs, manufactures and services technologically sophisticated systems and products such as subsea production and processing systems, surface wellhead systems, high pressure fluid control equipment, measurement solutions, and marine loading systems for the oil and gas industry. The Company also produces food processing equipment for the food industry and specialized equipment to service the aviation industry. Named by FORTUNE Magazine as America’s Most Admired Oil and Gas Equipment, Service Company in 2005, 2006 and 2008, FMC Technologies employs approximately 13,000 people and operates 33 manufacturing facilities in 19 countries. For more information visit www.fmctechnologies.com.

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