Praxair Issues $400 Million of Ten-Year Bonds

Praxair Issues $400 Million of Ten-Year Bonds

October 30, 2006

DANBURY, Conn., October 30, 2006 — Praxair, Inc. (NYSE: PX) today priced $400 million of ten-year bonds maturing November 1, 2016 at a coupon interest rate of 5.375% and a price of 99.817%. The offering was led by Citigroup, Banc of America Securities LLC and Credit Suisse. Co-managers are Deutsche Bank Securities, Inc., HSBC Securities (USA) Inc., JPMorgan Securities, Inc., Merrill Lynch, Pierce Fenner & Smith Inc. and Santander Investment Securities, Inc.

"The attractive Treasury curve, tight spreads and investor enthusiasm were compelling," said Michael J. Allan, Praxair's vice president and treasurer.

The offering is expected to close on November 2, 2006. The company expects to use the proceeds of the offering to repay the $250 million aggregate principal amount of our 6.9% Notes due November 1, 2006 and for general corporate purposes, which may include the refinancing of existing indebtedness. The company's long-term debt is rated A2 by Moody's Investors Service and A by Standard and Poor's Corporation.

Nothing herein shall constitute an offer to sell or the solicitation of an offer to buy the securities, nor shall there be any sale of the securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification under the securities laws of any such state or jurisdiction. The offering is being made by means of a prospectus and related prospectus supplement only, copies of which or information concerning this offering may be obtained by contacting Citigroup, Banc of America Securities LLC and Credit Suisse.

Praxair is the largest industrial gases company in North and South America, and one of the largest worldwide, with 2005 sales of $7.7 billion. The company produces, sells and distributes atmospheric and process gases, and high-performance surface coatings. Praxair's products, services and technology bring productivity and environmental benefits to a wide variety of industries, including aerospace, chemicals, electronics, energy, food and beverage, 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