Disclosure according to sec. 85 German Securities Trading Act and Art. 20 MAR for company Linde AG:
| Companies affiliated with Warburg Research regularly trade financial instruments of the analysed company or derivatives of these. |
 | Markings in the chart show rating changes by Warburg Research GmbH in the last 12 months. Every marking details the date and closing price on the day of the rating change. |
Recommendation/Target Price History
| Date | Recommendation | Target Price | Close Price | Analyst |
| 30.10.2017 | Hold | 185.00 EUR | 189.00 EUR | Eggert Kuls |
| 02.05.2017 | Buy | 176.00 EUR | 164.95 EUR | Eggert Kuls |
| 10.03.2017 | Buy | 163.50 EUR | 153.05 EUR | Eggert Kuls |