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News ReleaseAir Products Launches New Euro Denominated Bond Offering

February 14, 2005 Lehigh Valley, Pa.

Air Products (NYSE:APD) today announced that ABN AMRO Bank N.V. and HSBC Bank plc will serve as joint lead managers for a new Euro denominated bond offering being marketed by the company. These bonds are expected to have a ten-year maturity.

Proceeds will be used for general corporate purposes, including the repayment of a €280,745,000 bond maturing in March 2005.

Air Products (NYSE:APD) serves customers in technology, energy, healthcare and industrial markets worldwide with a unique portfolio of products, services and solutions, providing atmospheric gases, process and specialty gases, performance materials and chemical intermediates. Founded in 1940, Air Products has built leading positions in key growth markets such as semiconductor materials, refinery hydrogen, home healthcare services, natural gas liquefaction, and advanced coatings and adhesives. The company is recognized for its innovative culture, operational excellence and commitment to safety and the environment and is listed in the Dow Jones Sustainability and FTSE4Good Indices. The company has annual revenues of $7.4 billion, operations in over 30 countries, and nearly 20,000 employees around the globe. For more information, visit www.airproducts.com.

NOTES: This release may contain forward-looking statements. Actual results could vary materially, due to changes in current expectations.

Neither the exchange offer nor this press release constitute an offer to sell or a solicitation of any offer to buy the securities in the United States or Italy. The securities have not been, and will not be, registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as such term is defined in Regulation S under the U.S. Securities Act of 1933) absent registration or an exemption from registration. There will be no public offer of securities in the United States or Italy.

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Contact Information

  • Press Contact
    Katie McDonald
    610-481-3673
    Air Products and Chemicals, Inc.
    7201 Hamilton Boulevard
    Allentown, PA 18195-1501
    USA
    (610) 481-6642
  • Investor Contact
    Simon Moore
    (610) 481-7461
    Air Products and Chemicals, Inc.
    7201 Hamilton Boulevard
    Allentown, PA 18195-1501
    USA
    (610) 481-2729
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