AIR LIQUIDE INVESTISSEMENTS D'AVENIR ET DE DEMONSTRATION Société anonyme

About AIR LIQUIDE INVESTISSEMENTS D'AVENIR ET DE DEMONSTRATION Société anonyme

Air Liquide Investissements d’Avenir et de Démonstration (ALIAD) is the venture capital and innovation investment arm of the Air Liquide Group. In relation to Waga Energy, ALIAD has played the role of a strategic investor and board member, represented by Priscilla Pagès. This position reflects Air Liquide’s long-standing commitment to supporting industrial start-ups, helping promising technologies move from pilot stage to commercial scale, and reinforcing governance through experienced representation. Within Waga Energy’s board, ALIAD has contributed an industrial and financial perspective aligned with energy transition priorities. ALIAD operates at the crossroads of innovation, industrialization and long-term value creation. Its involvement with Waga Energy illustrates Air Liquide’s broader strategy of backing technologies that can reduce emissions and create sustainable industrial solutions. Waga Energy has been highlighted by Air Liquide as one of the success stories of its venture capital activity, especially through Wagabox®, the company’s innovative platform for turning landfill gas into renewable biomethane. This reference underscores ALIAD’s capability to identify technologies with strong environmental potential, to support their scale-up, and to participate in their governance as a committed shareholder. The strength of ALIAD lies in a combination of strategic insight and technical understanding. It brings expertise in industrial markets, low-carbon energy solutions, venture investing, and structured growth support. In Waga Energy’s case, that expertise has been useful in backing a business model tied to the energy transition while providing the credibility and discipline associated with a major global industrial group. More broadly, ALIAD reflects Air Liquide’s patient capital approach: investing in breakthrough ideas, supporting their development over time, and contributing to sustainable performance. Its role in Waga Energy is therefore both financial and strategic, aimed at fostering innovation that can be deployed at scale and deliver measurable climate impact.