AIR PRODUCTS AND CHEMICALS, INC.
I, Lynn C. Minella, Senior Vice President — Human Resources and Communications of Air Products and
Chemicals, Inc. (the “Company”), pursuant to the authority delegated to me by the Chairman of the Company on
16 September 2004, do hereby adopt the following amendments to the Air Products and Chemicals, Inc.
Retirement Savings Plan, as amended and restated effective 1 October 2006:
2.38 Participant Investment Funds mean the funds chosen by the Investment Committee and
described in Appendix A, as amended from time to time, in which Participant Contributions and
Company Core Contributions are held for investment.
2.45 Qualified Default Investment Alternative means the Participant Investment Fund chosen by
the Investment Committee, as designated in Appendix A, to meet the requirements of ERISA
Section 404(c)(5) and the regulations thereunder.
Notwithstanding the above, if the Trustee does not receive direction from the Participant regarding
amounts credited to such Participant’s Plan accounts, such amounts shall be held and invested in the
Qualified Default Investment Alternative.
Each of the Participant Investment Funds is currently invested in the particular Investment Vehicle
specified in Appendix A, although the Investment Committee
may from time to time replace, add to, or discontinue such Investment Vehicles, excluding the
Company Stock Fund, without amending the Plan, upon notice to Participants.
5.01 General . Subject to Sections 5.03 and 5.05, distribution to any person entitled to receive any
amounts then held by the Trustee in the Participant Investment Funds described in Article IV shall be
made by the Trustee in a lump sum or, at the election of such person, in up to, but not exceeding, ten
substantially equal annual installments, in the manner described in (a) and (b) below. If installments are
elected, the election may be rescinded at a later date, at which time the remaining balance in the