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Free share attribution helps your portfolio to grow Air Liquide has awarded free shares to all its Shareholders 10 times during the last 20 years. 

Free Shares mean you have more shares and, therefore, more dividend rights. They allow your portfolio to grow over time. Each free share bears a dividend entitlement. This means you will receive additional dividends starting the year after the free share attribution. If you have held registered shares for more than two full years, they are eligible for the loyalty bonus. 

This loyalty bonus entitles you to an additional 10% of free shares whenever they are awarded.  

Let’s take an example. 

The operation sees one free share attributed for every 10 held, and you own 35 shares. 

Fractional shares cannot be awarded. If the number of shares you hold is not a multiple of the attribution transaction, the value of the fractional share that cannot be awarded will be paid directly into your bank account. 

Free shares have the same benefits as the shares they are derived from: loyalty bonus; voting rights; and dividend rights. 

For more information, visit the Investors section of www.airliquide.com.

How does the loyalty bonus work? 

Air Liquide thanks all its registered Shareholders: 

those who hold direct registered shares with Air Liquide and those who go through a financial institution subject to having requested their conversion to intermediary registered shares. 

How do you actually get the bonus? 

Are you a registered Shareholder?

Have you held your shares for two full calendar years? 

And do you still hold these shares on the dividend payment date and the day before the date of free share attribution in the event that they are awarded? 

 If so, you are eligible! 

Air Liquide awards you a bonus of: 10% of the amount of dividends paid and 10% of the number of free shares in the event of attribution. 

What do you need to do? Nothing. 

If your securities account is with Air Liquide; you will qualify automatically! 

If your securities account or share savings plan is with a bank, you must ask them to convert your securities into intermediary registered shares. 

The loyalty bonus is not affected by gifts, hand-to-hand gifts or inheritance. 

For more information, visit the Investors section of www.airliquide.com.

There are three ways to hold Air Liquide shares: with direct registered shares from Air Liquide, which means you are a direct registered Shareholder; or with a financial institution, which means you are a bearer or intermediary registered Shareholder. 

Depending on how your shares are held, you benefit from specific services. If you are a direct registered Shareholder with Air Liquide: 

• You pay no management or handling fees. 
• Your brokerage rate is 0.10% excluding tax, regardless of how many shares you hold; from the first share.
• Your Shareholder Portal helps you manage your stock portfolio directly and online; and place your stock orders. 
• You get an automatic loyalty bonus after holding your shares for two full calendar years.
• You receive an individual invitation to the Annual General Meeting and you can exercise your right to vote.
• Our Air Liquide’s Shareholder Relations Advisors are at your disposal to answer any questions.

If your securities account or share savings plan is managed by a financial institution: the bank applies variable fees; handling fees, broker fees, management fees. 

If you wish to receive the loyalty bonus, you must ask your bank to convert your shares into intermediary registered shares before December 31 and retain them for two full calendar years. 

In all cases, you will receive free shares in the event that they are awarded. 

For more information, visit the Investors section of airliquide.com.