The dynamic development of Global Markets & Technologies revenue continues, with sales reaching € 94 million, an increase of +24.4% on a comparable basis. Every market segment was experiencing growth, with activity driven in particular by start-ups of biomethane production units and high sales in the maritime sector. In addition, hydrogen energy for mobility is continuing to develop. The Group is pursuing its efforts to reinforce competitiveness and generated operational efficiency gains of € 79 million. The cost and sales synergies linked to the acquisition of Airgas also continued during the st 1 quarter of 2018, reaching a cumulative total since the acquisition of USD 237 million. Cash flow from operating activities before changes in working capital requirements for the first three months of the year reached € 975 million and corresponded to 19.5% of sales. The slideshow that accompanies this release is available as of 9:00 am (Paris time) on www.airliquide.com Follow Air Liquide throughout the year on Twitter @AirLiquideGroup CONTACTS UPCOMING EVENTS Media Relations Annual General Meeting of Shareholders: +33 (0)1 40 62 50 59 Wednesday, May 16, 2018 Dividend Ex-coupon Date: Investor Relations Monday, May 28, 2018 Paris - France +33 (0)1 40 62 50 87 Dividend Payout Date: Philadelphia - USA Wednesday, May 30, 2018 +1 610 263 8277 2018 First Half Revenue and Results: Monday, July 30, 2018 The world leader in gases, technologies and services for Industry and Health, Air Liquide is present in 80 countries with approximately 65,000 employees and serves more than 3.5 million customers and patients. Oxygen, nitrogen and hydrogen are essential small molecules for life, matter and energy. They embody Air Liquide’s scientific territory and have been at the core of the company’s activities since its creation in 1902. Air Liquide’s ambition is to lead its industry, deliver long term performance and contribute to sustainability. The company’s customer- centric transformation strategy aims at profitable growth over the long term. It relies on operational excellence, selective investments, open innovation and a network organization implemented by the Group worldwide. Through the commitment and inventiveness of its people, Air Liquide leverages energy and environment transition, changes in healthcare and digitization, and delivers greater value to all its stakeholders. Air Liquide’s revenue amounted to 20.3 billion euros in 2017 and its solutions that protect life and the environment represented more than 40% of sales. Air Liquide is listed on the Euronext Paris stock exchange (compartment A) and belongs to the CAC 40, EURO STOXX 50 and FTSE4Good indexes. www.airliquide.com Follow us on Twitter @airliquidegroup

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