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AIR PRODUCTS DECLARES QUARTERLY DIVIDEND

LEHIGH VALLEY, Pa. (March 15, 2001) — The Board of Directors of Air Products and Chemicals, Inc. (NYSE:APD) today declared a quarterly dividend of 19 cents per share of common stock. The dividend is payable on 14 May 2001 to shareholders of record at the close of business on 02 April 2001.

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