BENEFIT Benefit from long-term performance With a strong business model– proprietary technologies, positions €45bn in industrial basins around the world, Market capitalization long-term contracts, a wide variety as at 12/31/2017 of customers, and innovation– + 8.60% Air Liquide delivers strong and Average annual consistent performance year after year. dividend growth over 30 years + 10% Financial performance regularity, which helps add to the Group’s stock market Loyalty bonus for value, enables Air Liquide to develop shareholder loyalty. Every year, the Group registered shareholders pays shareholders a dividend. The dividend typically accounts for approximately 50% of net profit, and demonstrates the Group’s desire to include shareholders 29 in its success. On top of this pay-out ratio, the Group regularly grants free shares Number of free share to shareholders and a loyalty bonus system to those that have held their shares in attributions since registered form for more than two full calendar years. As a result, a portfolio that Air Liquide was created expands over the long-term and a sustainable loyalty of shareholders. 25