Air Liquide: Combined Shareholders’ Meeting of May 7, 2014

  Air Liquide:Combined Shareholders’ Meeting of May 7, 2014

Business Wire

PARIS -- May 7, 2014

Regulatory News:

Air Liquide (Paris:AI)

Commenting on the 2013 fiscal year and the Group’s growth outlook, Benoît
Potier, Chairman and CEO, stated:

“Air Liquide’s strategy is one of profitable growth over the long term. It is
driven by reinforced operational competitiveness, targeted investments in
growing markets, and constant innovation to open new markets and create new

In 2013, the Group generated new efficiency gains, demonstrated by the
improvement in operating margin, and continued to adapt its structures to
market dynamics. The Group also pursued its investments and its strategy of
innovation in the technologies of the future which will contribute to growth
in the next few years.

Thanks to a strong balance sheet and sound fundamentals, our motivated and
inventive employees, the trust of our customers, and the loyal support of our
shareholders, we are confident in Air Liquide’s ability to successfully pursue
its development over the long term.”

The Combined Shareholders’ Meeting of Air Liquide, chaired by Benoît Potier,
the Company’s Chairman and Chief Executive Officer, in the presence of the
members of the Board of Directors, was attended by 3,952 people on Wednesday,
May 7, 2014 at the Palais des Congrès in Paris. The shareholders who
represented 50.45% of the voting rights, i.e. 138,219 present or duly
represented, approved all of the submitted resolutions.

The proposed dividend, with an ex-date of May 16 and a payment date of May 21,
2014, was approved: it has been set at € 2.55 per share, an increase of +2.0%.
Shares held in registered form continually from December 31, 2011 through May
21, 2014, the dividend payment date, will be granted an increase in the
dividend of € 0.25 per share, i.e. a bonus of +10%. In addition, one share for
every 10 existing shares will be attributed on June 2, 2014.

The Shareholders approved the renewal as directors of Mr. Benoît Potier, Mr.
Paul Skinner and Mr. Jean-Paul Agon, each for a term of four years. The
Shareholders also approved the resolutions proposing the appointment to the
board, for a term of four years each, of Ms. Sin-Leng Low and Ms. Annette
Winkler. A citizen of Singapore, Mrs. Sin-Leng Low was the Executive President
of the industrial engineering group Sembcorp’s subsidiary in charge of
Industrial Installations. Ms. Annette Winkler, who is German, is a Vice
President at Daimler AG, and has been the Chief Executive Officer of Smart
since 2010. The Board, duly noting that the term of office of Ms. Béatrice
Majnoni d’Intignano was expiring, sincerely thanked her for her contribution
to the Board’s discussions and to the work accomplished by the Audit and
Accounts Committee.

The Board of Directors is now composed of 12members, including 4 women, and
represents 7 different nationalities. In total, 10 of its members are
independent. The current composition of the Board offers a complementary mix
of experience, nationalities and cultures, and reflects the diversity policy
implemented by the Group.

In addition, the Shareholders expressed a favorable opinion on the
remuneration of the company’s executive officers for the 2013 fiscal year in
connection with two specific resolutions (“Say on Pay”).

Lastly, the Shareholders approved a statutory modification entrusting the
appointment of an Employee Director to the Group Committee in France, to be
effective within six months following the Annual General Meeting.

At the meeting held following the Combined Shareholders’ Meeting, the Board of
Directors reappointed Mr. Benoît Potier to serve as Chairman and Chief
Executive Officer for the duration of his four-year term of office. The Board
also reappointed Mr. Pierre Dufour to serve as Senior Executive Vice President
for a period of three years.

During this same meeting, the Board of Directors appointed Mr. Thierry
Desmarest to serve as Lead Director and reappointed Mr. Paul Skinner to the
Audit and Accounts Committee and Mr. Jean-Paul Agon to the Remuneration

Air Liquide share ownership (as of December 31, 2013)

  *36% of the capital held by individual shareholders
  *45% of the capital held by non-French institutional investors
  *19% of the capital held by French institutional investors


Dividend ex-date:
Friday, May 16, 2014

Dividend payment date:
Wednesday, May 21, 2014

Free share attribution date:
Monday, June 2, 2014

World leader in gases, technologies and services for Industry and Health, Air
Liquide is present in 80 countries with more than 50,000 employees and serves
more than 2 million customers and patients. Oxygen, nitrogen and hydrogen have
been at the core of the company’s activities since its creation in 1902. Air
Liquide’s ambition is to be the leader in its industry, delivering long-term
performance and acting responsibly.

Air Liquide ideas create value over the long term. At the core of the
company’s development are the commitment and constant inventiveness of its

Air Liquide anticipates the challenges of its markets, invests locally and
globally, and delivers high-quality solutions to its customers and patients,
and the scientific community.

The company relies on competitiveness in its operations, targeted investments
in growing markets and innovation to deliver profitable growth over the

Air Liquide’s revenues amounted to € 15.2 billion in 2013, and its solutions
that protect life and the environment represented around 40% of sales. Air
Liquide is listed on the Paris Euronext stock exchange (compartment A) and is
a member of the CAC 40 and Dow Jones Euro Stoxx 50 indexes.


                    Follow us on Twitter @AirLiquideGroup


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+33 (0)1 40 62 51 86
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+33 (0)1 40 62 53 61
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