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                              Air Liquide
                              Air Liquide worldwide
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                              Loyalty bonus

                              Rewarding the loyalty of our registered shareholders

                              After holding registered shares for two full calendar years, you are eligible to receive +10% on the amount of dividends received and on free shares when free shares are attributed.

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

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

                              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.

                              Calendar

                              2020 I ask my financial institution to convert my shares to registered form before December 31
                              2021-2022 I hold on my shares for two full calendar years
                              2023-2024-2025... In 2023, I receive the first bonus on my registered shares and will continue to receive this every year as long as I hold my shares in registered form

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