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Gases DivisionProposed acquisition of Lincare Holdings Inc. – RationalCreating a global leading healthcare service providerBenefiting from the mega-trend Healthcare— Growth Drivers: ageing and growing population as well ascontinuously improving diagnostics and treatments— Increasing share of revenues from resilient healthcare business— Strong growth segment in mature regionsIncreased share of revenues from gases business and higher exposure to North America— Group share of revenues from Gases Division increases to 82 percent— Revenues in North America up from €1.7 bn to € 3.1 bn— Increasing net asset base in North America59