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Praxair Selects Danzas North America to Manage U.S. Export Transportation

Agreement Strengthens Global Bond Between Companies

Newark, NJ, (August 6, 2002) -- Praxair Inc., one of the world's leading suppliers of industrial gases, has named Danzas North America the primary provider of transportation services for U.S. exports. "This agreement meets Praxair's needs of capability and cost and gives us the capacity to grow our volume," said Pete Mayer, Praxair's Vice President of Global Procurement and Materials Management. Under the agreement, Danzas North America will manage most of Praxair's U.S. export shipping business, while Danzas locations in Europe, Asia and South America will be engaged in the future to support Praxair's regional businesses.

This agreement dramatically expands the international logistics relationship between Praxair and Danzas. Danzas North America already manages the processing and clearance of Praxair's worldwide U.S. imports. It also provides logistics support for Praxair's large-scale overseas projects such as the construction of air separation plants.

"The new agreement is significant in that it broadens the geographic scope of our partnership and, for the first time, integrates transportation into our product offerings," said Jack Bender, Manager, Business Development, Danzas North America's eastern division. "Through the years, and through several organizational changes, our scalable business model has kept pace with Praxair's global growth and its expanding logistics needs. Our integrated solutions are ideal for companies seeking an experienced partner to manage the supply chain challenges that come with doing business around the world."

About Praxair Inc. With annual sales of over $5 billion, Praxair, Inc. (NYSE:PX) is a global, Fortune 500 company that produces, sells, and distributes atmospheric, process and specialty gases, high-performance surface coatings, and related services and technologies. Praxair's primary products are atmospheric gases -- oxygen, nitrogen, argon -- and rare gases (produced when air is purified, compressed, cooled, distilled and condensed), and process & specialty gases -- carbon dioxide, helium, hydrogen, semiconductor process gases, and acetylene (produced as by-products of chemical production or recovered from natural gas). Praxair also designs, engineers and constructs cryogenic and non-cryogenic supply systems. Its world headquarters is located in Danbury, Connecticut.

Logistics. Worldwide. With a strong presence on every continent, the Danzas Group is the world's leading provider of IT-supported logistics solutions. Outstanding strengths in innovative customized solutions, worldwide air and ocean freight, global project forwarding, European overland transport, e-business and 4th party logistics enable Danzas to offer real one-stop shopping. Based in Basel, Switzerland, Danzas belongs to Deutsche Post World Net.

For further information please contact:
Candace Bouchard
Manager of Corporate Communications, North America
Tel: +1 203 655 5792
Fax: +1 203 655 5895
Candace.Bouchard@dhl.com