Linde Signs Agreement to Supply Industrial Gases to World's First
Large-Scale Green Steel Plant

EQS-News: Linde plc / Key word(s): Miscellaneous
Linde Signs Agreement to Supply Industrial Gases to World's First
Large-Scale Green Steel Plant

01.05.2024 / 12:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Linde Signs Agreement to Supply Industrial Gases to World's First
Large-Scale Green Steel Plant

Woking, UK, May 1, 2024 - Linde (Nasdaq: LIN) announced today it has signed
a long-term agreement with H2 Green Steel for the supply of industrial gases
to the world's first large-scale green steel production plant.

Linde will invest approximately $150 million to build, own and operate an
on-site air separation unit (ASU) in Boden, northern Sweden. Linde will
supply oxygen, nitrogen and argon to H2 Green Steel's integrated plant,
which will use the latest technology to reduce carbon emissions by up to 95%
compared to traditional steelmaking.

Linde's new ASU is expected to start up by 2026 and will also supply
atmospheric gases to Linde's existing and new customers in the local
merchant market.

"We are moving at full speed on the journey to accelerate the
decarbonization of the steel industry through the construction of our plant
in Boden. Air separation is an important part of this work, providing gases
required in various stages of the steelmaking processes," said Maria Persson
Gulda, Chief Technology Officer, H2 Green Steel. "We have come this far by
working in strong partnerships. Linde's technology, combined with its
operational experience both globally and in Sweden, made it a natural choice
for us."

"Linde is committed to supporting industrial decarbonization through
high-quality projects that utilize our complementary combination of assets,
technology and knowledge," said Armando Botello, President Regions UK &
Ireland and Europe North, Linde. "We are proud to support H2 Green Steel's
pioneering project while creating additional value by increasing Linde's
network density in a growing industrial region."

Separate to the supply of industrial gases, Linde Engineering has been
awarded an engineering and procurement contract for a HIPURE(TM) pressure swing
adsorption unit at H2 Green Steel's plant in Boden, to efficiently recover
and purify hydrogen from the top gas of the direct reduction iron furnace.
This minimizes the hydrogen losses and boosts the overall efficiency of the
steel production.

About Linde

Linde is a leading global industrial gases and engineering company with 2023
sales of $33 billion. We live our mission of making our world more
productive every day by providing high-quality solutions, technologies and
services which are making our customers more successful and helping to
sustain, decarbonize and protect our planet.

The company serves a variety of end markets such as chemicals & energy, food
& beverage, electronics, healthcare, manufacturing, metals and mining.
Linde's industrial gases and technologies are used in countless applications
including production of clean hydrogen and carbon capture systems critical
to the energy transition, life-saving medical oxygen and high-purity &
specialty gases for electronics. Linde also delivers state-of-the-art gas
processing solutions to support customer expansion, efficiency improvements
and emissions reductions.

For more information about the company and its products and services, please
visit www.linde.com

     Contacts:
     Investor Relations              Media Relations
     Juan Pelaez                     Anna Davies
     Phone: +1 203 837 2213          Phone: +44 1483 244705
     Email: juan.pelaez@linde.com    Email: anna.davies@linde.com

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01.05.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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The issuer is solely responsible for the content of this announcement.

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   Language:       English
   Company:        Linde plc
                   Forge, 43 Church Street West
                   GU21 6HT Woking, Surrey
                   United Kingdom
   Phone:          +1-203-837-2210
   E-mail:         Investor_Relations@Linde.com
   Internet:       www.linde.com
   ISIN:           IE000S9YS762
   Listed:         Nasdaq
   EQS News ID:    1892995

End of News EQS News Service
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1892995 01.05.2024 CET/CEST