Credit Analysts Credit Analysts covering the Linde Group

The following credit analysts evaluate Linde’s debt instruments on a fairly regular basis:⁽¹⁾

Bank	Analyst
Barclays	Maggie O'Neal maggie.oneal@barclays.com Phone +44 20 7773-6924
Citi	Aidan Cheslin aidan.cheslin@citi.com Phone +44 20 3569-4185
Commerzbank	Stephan Kippe stephan.kippe@commerzbank.com Phone +49 69 136-42226
Crédit Agricole Corporate and Investment Bank	Loïc Sabatier loic.sabatier@ca-cib.com Phone +33 1 41 89 88 38
ING	Aengus McMahon aengus.mcmahon@uk.ing.com Phone +44 20 7767-804
LBBW	Ulle Wörner Ulle.Woerner@LBBW.de Phone +49 711 127-78447
Mitsubishi UFJ Securities	Lars Dueser lars.dueser@int.sc.mufg.jp Phone +44 20 7577-2927
Société Générale	Bob Buhr bob.buhr@sgcib.com Phone +44 20 7676-645
UniCredit Group	Christian Aust christian.aust@unicredit.de Phone +49 89 378-12806

Status: 01 June 2016

⁽¹⁾ The comments, opinions, ratings, forecasts and recommendations made by the analysts mentioned below do not represent the comments, options, ratings, forecasts and recommendations of Linde AG or its board of directors. In addition, the information on the web pages relating to the analysts does not imply that Linde AG or its board of directors is in agreement with or endorses the comments, opinions, ratings, forecasts and recommendations made by the analysts. Linde AG therefore assumes no responsibility or liability for the content, accuracy, completeness or currentness of this information. Linde AG makes it explicitly clear that other comments made by analysts regarding Linde AG and the securities issued by Linde AG may exist, which have not been included on the Linde AG website.