Europe Q4 Gas & Services Sales: €1,748m INDUSTRIAL MERCHANT LARGE INDUSTRIES HEALTHCARE • Despite 1 less working day, • Decline as expected due to high • Solid Healthcare positive Q4 growth comparison effect – customer • Lower M&A, tariff pressure • Broad-based strength,especially indemnity • Medical gases impacted by 1 less Eastern Europe • Solid H2 demand working day • Bulk and cylinder volumes up • Eastern Europe impacted by • Solid Hygiene and Specialty Ingredients • All end-markets growing stoppage in Ukraine (1) (2) (1) Refer to appendix for definitions (2) Excluding impact of energy 15 February 2018 Full Year 2017 Results The world leader in gases, technologies and services for Industry and Health 44