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Indonesia is Southeast Asia’s most populous economy with 240 million people.

Driven by mega infrastructure development, increased domestic demand and

exports, the Indonesian economy is set to grow at more than 6% in the next 3

years. The steel industry in particular is expected to play a critical role in the

industrial development.

To meet the growing demand for industrial gases, Air Liquide, the world leader in

gases for industry, health and the environment, is expanding its gas infrastructure in

West Java, Indonesia with a total investment of around €55 million (700 Billion

Rupiah).

Part of the investments will be made in Cikarang Barat, West Java to meet the

growing needs of the Gunung Steel Group (GSG). Air Liquide will invest, build and

operate a new Air Separation Unit (ASU) to supply gaseous oxygen, nitrogen and

argon to Gunung Raja Paksi following the recent signature of a long term

agreement. Scheduled to be commissioned by 2013, the ASU is capable of

producing more than 2,000 tonnes a day (tpd) of oxygen, nitrogen and argon.

In the same industrial area, another 190 tpd ASU was recently commissioned for

PT Gunung Garuda, also a subsidiary of the GSG.

Two hundred kms away, Air Liquide has commissioned a 440 tpd liquefier and a

330 tpd ASU will come onstream end of this quarter. These production units will

supply oxygen, nitrogen and argon to the steel and chemicals industries in the

Cilegon Basin.

Established in 1986, the Gunung Steel Group is the second largest steel producer

in Indonesia. As part of its plan to become a fully integrated producer of steel

products, GSG is expanding its facilities through blast furnace technology that will

bring its annual production capacities to 2 Mtpy crude steel and 1.8 Mtpy of finished

products.

Djamaluddin Tanoto, President Director of PT. Gunung Raja Paksi said, “We have

been working with Air Liquide since 1998 and this new contract with Gunung

Raja Paksi is an important step in the development of our partnership. In the

long-term, we will be able to focus on our core business to provide

comprehensive solutions to our customers. ”

Jean-Marc de Royere, Senior Vice- President Asia Pacific, Chairman and CEO of

Air Liquide Asia Pacific, said, “We value our relationship with the Gunung Steel

Investments in Indonesia

Singapore and Jakarta, 8 March, 2012

press release

C o nt a c t s :

Asia Pacific Communications

Joanne Tan

+ 65 91505468

Air Liquide IndonesiaMaulana Himawan+62 (21) 898 0071 Ext. 122

T h e L a r g e In d u s t r i e s

B u s i n e s s L i n e o f t h e

A i r L i q u i d e G r o u p

offers gas and energy solutions that

improve process efficiency and help

achieve greater respect for the

environment, mainly in the refining and

natural gas, chemicals, metals and

energy markets. 2011 revenues were

€4,585 million.

A i r L i q u i d e i n In d o n e s ia

Air Liquide has been present in Indonesia

with commercial production since 1994.

With its local head office in Cibitung Bekasi,

Air Liquide provides pipeline supply in

Cilegon Basin and Cibitung Industrial Park,

equipment installation system, on-site, bulk

and cylinder supply including a filling and

mixing plant in Cibitung.

TodayAir Liquide present in South

Sumatra, West and East Java, serves a

diversity of customers from the auto

fabrication, metallurgy, chemicals and food

processing industries across Indonesia.

Stringent quality control and safety are and

will remainAir Liquide’s highest priority.

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Group and we thank them for their confidence in us. Indonesia is a key

market for Air Liquide in Asia and we are pleased to be given the opportunity

to support high growth industries such as the steel industry. These new

investments will enable us to provide innovative solutions based on quality,

reliability and efficiency and to serve the fast growing West Java area.

Developing economies are a growth driver for the Group “

Air Liquide’s footprint in Indonesia. West Java is the most densely populated province in

Indonesia. Today, it boasts of vibrant manufacturing and services sectors where almost 65

percent of Indonesia's manufacturing industries are centered.

Air Liquide is the world leader in gases for industry, health and the environment, and is present in

80 countries with 46,200 employees. Oxygen, nitrogen, hydrogen and rare gases have been at the core

of Air Liquide’s activities since its creation in 1902. Using these molecules, Air Liquide continuously

reinvents its business, anticipating the needs of current and future markets. The Group innovates to enable

progress, to achieve dynamic growth and a consistent performance.

Innovative technologies that curb polluting emissions, lower industry’s energy use, recover and reuse

natural resources or develop the energies of tomorrow, such as hydrogen, biofuels or photovoltaicenergy… Oxygen for hospitals, homecare, fighting nosocomial infections… Air Liquide combines many

products and technologies to develop valuable applications and services not only for its customers but also

for society.

A partner for the long term, Air Liquide relies on employee commitment, customer trust and shareholdersupport to pursue its vision of sustainable, competitive growth. The diversity of Air Liquide’s teams,

businesses, markets and geographic presence provides a solid and sustainable base for its development

and strengthens its ability to push back its own limits, conquer new territories and build its future.

Air Liquide explores the best that air can offer to preserve life, staying true to its Corporate SocialResponsibility and sustainable development approach. In 2011, the Group’s revenues amounted to€14.5 billion, of which more than 80% were generated outside France. 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.