Q1 2018 Performance – Air Liquide Q1 2018 Highlights INDUSTRIAL DEVELOPMENTS  One year after the launch of the first remote operation center in France, Air Liquide inaugurated in January in Malaysia its Smart Innovative Operations (SIO) Center for the Southeast Asia Pacific region. The SIO Center enables the remote management of production for 18 Air Liquide Large Industries production units spanning eight countries across the region, as well as optimizing energy consumption and improving reliability at these sites. Air Liquide invested 20 million euros in this project.  In February, Air Liquide announced having recently started the world’s largest oxygen production unit for Sasol, an international integrated energy and chemicals company. Air Liquide invested around 200 million euros for the construction of this unit, with a total production capacity of 5,000 tonnes of oxygen per day in Secunda (around 140 km East of Johannesburg). Owned and operated by Air Liquide, it is the first time that Sasol has chosen to outsource its oxygen needs to a specialist of industrial gas production at this site.  In April, Air Liquide announced having signed a new long-term contract in the United States with LyondellBasell, one of the world’s largest plastics, chemicals and refining companies, to supply oxygen to their new petrochemical plant in Texas, expected to be completed in 2021. This new propylene oxide/tertiary butyl alcohol plant (PO/TBA) is expected to be the largest in the world upon construction. The oxygen will be sourced from Air Liquide’s pipeline system which spans more than 2,000 miles along the coasts of Texas and Louisiana, one of the largest pipeline systems in the world.  Air Liquide announced in April having signed a new long-term contract with Covestro, a world-leading supplier of high-tech polymer materials, for the supply of hydrogen to their new production site in the port area of Antwerp. Air Liquide will invest 80 million euros in the construction of a hydrogen production unit fitted with a new proprietary technology that improves energy efficiency and the overall environmental footprint of the production process. By capturing carbon and upgrading the recovered CO , this model is part of a circular 2 economy system. The hydrogen produced will also enable Air Liquide to supply customers in this industrial basin in Europe. HEALTHCARE DEVELOPMENTS  With the acquisition of the respiratory division of Thimar Al Jazirah Company (TAC) in Saudi Arabia, in early January, Air Liquide enters the Home Healthcare market in Saudi Arabia, where the Group already supplies medical gases to hospitals. This division acquired by Air Liquide through a majority equity stake (60%), is specialized in the distribution of respiratory equipment and sleep disorder diagnosis for patients suffering from respiratory conditions. TAC is the main player in this field, serving over 1,400 patients at home throughout the country. In 2016, the Home Healthcare division of TAC generated a revenue of over 5.5 million euros.  Air Liquide extends its service offering of Home Healthcare activity via the acquisition at the beginning of April of the start-up EOVE, a French company specialized in the design and manufacture of ventilators for home-based patients suffering from chronic respiratory failure. EOVE developed an innovative solution: a connected portable ventilator that takes into account the mobility needs of patients and facilitates the practice of doctors. PROJETS IN INNOVATION AND TECHNOLOGY  Air Liquide and 10 large Japanese companies, representing several industries and finance, announced the creation of the “Japan H2 Mobility” consortium for the purpose of accelerating the deployment in Japan of hydrogen stations and fuel cell electric vehicles. The 11 founding companies will contribute to the development of a large-scale hydrogen infrastructure in order to build a network of 320 stations by 2025, and 900 by 2030. Today, there are about 100 stations already in operation in Japan. For its part, Air Liquide will install and operate some 20 stations by 2021. PAGE 2/11