Praxair Increases Dividend in First Quarter 2003

Praxair Increases Dividend in First Quarter 2003

January 28, 2003

DANBURY, Conn., January 28, 2003 — The board of directors of Praxair, Inc. (NYSE:PX) today increased Praxair's quarterly dividend to 21.5 cents per share, up from 19 cents per share. The dividend is payable on March 17, 2003 to shareholders of record on March 7, 2003.

Praxair is the largest industrial gases company in North and South America, and one of the largest worldwide, with 2002 sales of $5.1 billion. The company produces, sells and distributes atmospheric and process gases, and high-performance surface coatings. Praxair products, services and technologies bring productivity and environmental benefits to a wide variety of industries, including aerospace, chemicals, food and beverage, electronics, energy, healthcare, manufacturing, metals and others. More information on Praxair is available on the Internet at www.praxair.com.

Contact
Media Contact:
Jason Stewart

Email: jason_stewart@praxair.com

Phone: 1-203-837-2448

Investor Relations Contact:
Kelcey Hoyt

Email: kelcey_hoyt@praxair.com

Phone: 1-203-837-2118