Air Liquide — Earnings Release 2016

Jun 30, 2016

Paris, June 30, 2016

Air Liquide contributes to the development of new sustainable concrete of a

Air Liquide has partnered with US start carbon dioxide (CO2) injection for the production of sustainable cement. Thanks to Solidia water, this next generation cement environmental footprint of pre-cast concrete of up to 70%. start-up Solidia Technologies® , to provide a Solidia Concrete™, which is made with Solidia's patented processes that cure concrete ement will allow the entire industrial chain cast a new equipment for a new with CO2 instead of chain to reduce the

Specially designed by Air Liquide in collaboration with Solidia curing will demonstrate the feasibility of Concrete™. The breakthrough technology 24 hours and lower water consumption higher quality performance. Solidia, the new equipment for commercial-scale production of sustainable technology results in reduced concrete curing . In addition to capturing large amounts of CO CO₂ injection and scale Solidia times of less than ², the concrete has

In addition to supplying the equipment, Air Liquide will serve as the carbon dioxide for use with Solidia's patented processes. able to buy CO2-cured Solidia Concrete worldwide preferred provider of The concrete manufacturers' customers will be ™ products this summer in North America and and in Europe next year.

In addition to this partnership, Air Liquide Venture Capital (ALIAD) ha Technologies® to support the industrialization of the technology has also invested in Solidia technology.

François Darchis, Senior Vice-President, supervising Industrial Merchant, commented: Solidia, we are opening a new market for This project further illustrates Air President, member of the Air Liquide group's Executive Committee , "Thanks to this innovative technology partnership with the CO2 molecule in precast concrete manufacturing. Air Liquide's commitment to support environmental Thanks recast protection."

Tom Schuler, President and CEO of Solidia Technologies, the market, Air Liquide's expertise in gas delivery and equipment engineering enables rapid commercialization. This project meshes perfectly with our own vision of a world where green and sustainability is an engine for growth." added: "At this critical stage as we enter ngine CO2 means

Air Liquide's Industrial Merchant Business Line

Air Liquide's Industrial Merchant Business Line provides gas solutions to its customers, including industrial and specialty g application technologies and expertise, at every stage corporations to independent craftsmen, 37,000 people serve more than in their process. Across a multitude of industries, from multinational ,000 2 million customers. gases,

Cement and concrete production

The production of cement, which is an ingredient of concrete, is responsible for three to five percent of total globa emissions. Cement manufacturers have committed to reducing their carbon footprint, taking into account their assets and chemistry. . 20% of the overall global concrete production and consumes about 800 million global carbon

Pre-cast concrete production represents about tons of cement per year in the manufacturing process process. %

Carbon dioxide usages

The unique characteristics of the CO2 molecule present opportunities across a wide range of applications, including food preservation through freezing, chilling, or packaging, industrial cleaning and pH regulation in wastewater treatment. Air Liquide recovers carbon dioxide emitted by industrial processes, valorizes the molecule through purification and concentration, ultimately supplying it to industries.

CONTACT

Corporate Communications Caroline Philips +33 (0)1 40 62 50 84 Aurélie Wayser-Langevin +33 (0)1 40 62 56 19 Caroline Brugier + 33 (0)1 40 62 50 59

Investor Relations Aude Rodriguez +33 (0)1 40 62 57 08 Erin Sarret +33 (0)1 40 62 57 37 Louis Laffont +33 (0)1 40 62 57 18

The world leader in gases, technologies and services for Industry and Health, Air Liquide is present in 80 countries with approximately 68,000 employees and serves more than 3 million customers and patients.* Oxygen, nitrogen and hydrogen have been at the core of the company's activities since its creation in 1902. Air Liquide's ambition is to be the leader in its industry, delivering long-term performance and acting responsibly.

Air Liquide ideas create value over the long term. At the core of the company's development are the commitment and constant inventiveness of its people.

Air Liquide anticipates the challenges of its markets, invests locally and globally, and delivers high-quality solutions to its customers and patients, and the scientific community.

The company relies on competitiveness in its operations, targeted investments in growing markets and innovation to deliver profitable growth over the long-term.

Air Liquide's revenues amounted to €16.4 billion in 2015, and its solutions that protect life and the environment represented more than 40% of sales. On 23 May 2016, Air Liquide completed its acquisition of Airgas, which had revenues amounting to \$5.3 billion (around €4.8 billion) for the fiscal year ending 31 March 2016.

Air Liquide is listed on the Paris Euronext stock exchange (compartment A) and is a member of the CAC 40 and Dow Jones Euro Stoxx 50 indexes.

*Following the acquisition of Airgas on 23 May 2016

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