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AIR PRODUCTS' CEO/CFO TO HOST FISCAL MID-YEAR REVIEW SESSION WITH INVESTMENT COMMUNITY
 
LEHIGH VALLEY, Pa. (May 6, 2003) – This Thursday, May 8th at 8:30 a.m. EDT, Air Products' (NYSE:APD) Chairman, President and Chief Executive Officer, John Jones, and Vice President and Chief Financial Officer, John Owings, will host a "mid-year review" with analysts in New York City.  An audio Webcast and slides will be available on Air Products' Investor Relations web site at www.airproducts.com/Invest/PresentationSummary.htm.

Mr. Owings will cover Air Products' fiscal first-half results, the company's cash flow stability, and actions being taken to mitigate the effects of a slow manufacturing economy and higher raw material and natural gas costs. He will also recap the company's outlook for the remainder of fiscal 2003. Mr. Jones will speak about the company's operating leverage and major activities in each of Air Products' four growth platforms: Electronics, Refinery Hydrogen and Energy Solutions, Healthcare and Performance Materials.  Today, these four businesses represent over half of the company's sales. 

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. The company is the largest global supplier of electronic materials, hydrogen, helium and select performance chemicals. Founded in 1940, Air Products is recognized for its innovative culture, operational excellence and commitment to safety and the environment.  With annual revenues of $5.4 billion and operations in over 30 countries, the company's 17,200 employees build lasting relationships with their customers and communities based on understanding, integrity and passion.  For more information, visit www.airproducts.com.
 
NOTE: This release may contain forward-looking statements. Actual results could vary materially, due to changes in current expectations.

 

Questions or comments about this news release may be directed as follows:

Media Inquiries:
Katie McDonald
tel: (610) 481-3673
e-mail: mcdonace@apci.com

Investor Inquiries:
Alexander W. Masetti
tel: (610) 481-7461
e-mail: masettaw@apci.com

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