Praxair Achieves Dividend Aristocrat Status; Declares 25th Consecutive Annual Dividend Increase in First Quarter 2018

January 25, 2018

DANBURY, Conn.–(BUSINESS WIRE)–The board of directors of Praxair, Inc. (NYSE:PX) has declared a 5%
increase in the company’s quarterly dividend to 82.50 cents per share,
payable on March 15, 2018, to common shareholders of record as of March
7, 2018.

“With a focused business strategy and solid execution, we were able to
generate record free cash flow in 2017 and this dividend increase
reflects our confidence in our ability to sustain strong cash flow
throughout economic cycles,” said Chairman and Chief Executive Officer
Steve Angel. “Praxair is proud to have been added to the S&P 500
Dividend Aristocrats Index, recognizing 25 straight years of dividend
increases.”

About Praxair

Praxair, Inc. is a leading industrial gas company in North and South
America and one of the largest worldwide.
With market capitalization of approximately $40 billion and 2017 sales
of $11 billion, the company employs over 26,000 people globally and has
been named to the Dow Jones® World Sustainability Index for 15
consecutive years. Praxair produces, sells and distributes atmospheric,
process and specialty gases,
and high-performance surface
coatings. Our products, services
and technologies are making our planet more productive by
bringing efficiency and environmental benefits to a wide variety of industries,
including aerospace,
chemicals,
food
and beverage, electronics,
energy,
healthcare,
manufacturing, primary metals
and many others. For more information about the company, please visit
our website at www.praxair.com.