Loyalty bonus

Get the loyalty bonus... It's so simple!

To get the loyalty bonus, all you need to do is:

• Hold your shares in direct registered or intermediary registered form
• Hold them for at least two full calendar years
• Be a shareholder on the dividend payment and free share attribution date

That's all there is to it

The amount of dividends you receive and the number of free shares attributed to you on the basis of registered shares held for at least two calendar years will be increased by 10%. Pay attention to your buy and sell transactions, because when registered shares are sold, they are automatically converted to bearer shares, thereby losing the associated loyalty bonus. Please note that free shares have the same characteristics (seniority, voting, dividend and loyalty bonus rights) as the shares they come from. Lastly, please note that in the context of inheritance, donation or gift to a spouse or relative entitled to inherit the loyalty bonus attaching to Air Liquide shares is retained.

_{1. Applied to shares held for two full calendar years, subject to the conditions defined in Air Liquide's articles of association.}