Air Liquide – Q1 2018 Performance Engineering & Construction Engineering & Construction revenue totaled 85 million euros, up +75.2% compared to the weak level of sales of the 1st quarter of 2017. It benefitted from the gradual improvement in order intake seen in 2017. Order intake reached 191 million euros, an increase compared with 107 million euros in the 1st quarter of 2017. More than 70% of orders concerned air separation units. They included Group projects as well as orders for third party customers, in particular in the Chemicals sector. Global Markets & Technologies Global Markets & Technologies sales were up +24.4% at 94 million euros. Sales were particularly dynamic in the biogas sector, which benefited from the start-up of a major landfill biogas purification unit in the United States, two smaller farm waste biogas purification units in France and in the United Kingdom and the contribution from an acquisition in Norway in the 3rd quarter of 2017. Activities related to the space industry and maritime logistics also grew markedly. Order intake was up compared with the 1st quarter of 2017 and reached 122 million euros. Page 7/11

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