The Moroccan Capital Markets Authority (AMMC) has approved the definitive prospectus for Air Liquide SA’s issuance of new shares as part of a capital increase reserved exclusively for the group’s employees. In Morocco, the offer targets employees of Air Liquide Maroc. The capital increase provides for the issuance of a maximum of 850,000 shares, with a subscription period in Morocco from 5 to 13 November 2025 and a subscription price of EUR 137.89 (MAD 1,481.45) per share. The prospectus is supplemented by the rules of the group international shareholding plan (PEGI) and related amendments and updates, the universal registration document filed with the French Financial Markets Authority (AMF) on 6 March 2025 (D25-0072), and the 2025 half-year financial report, with materials made available via the issuer, BMCI and the AMMC website.