Air Liquide – Q1 2018 Performance The sale of the Airgas Refrigerants activity in October 2017 generates a significant scope impact on 2018 revenue, the quarterly impact of which is detailed below: (in millions of euros) Q1 2018 Q2 2018 Q3 2018 Q4 2018 Airgas refrigerants (35) (36) (26) (1) Impacts in % -0.7% -0.7% -0.5% -0.0% Page 11/11