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Airgas Settles Lawsuit

RADNOR, PA – June 17, 2011 – Airgas, Inc. (NYSE: ARG) and Cravath, Swaine & Moore LLP today announced that they have amicably resolved all matters that were the subject of the action captioned Airgas, Inc. v. Cravath Swaine & Moore LLP, Civil Action No. 10-612 (E.D. Pa.) to the mutual satisfaction of the parties. The lawsuit has been dismissed by agreement of the parties. The terms of the settlement are confidential.

About Airgas, Inc.
Airgas, Inc. (NYSE: ARG), through its subsidiaries, is the largest U.S. distributor of industrial, medical and specialty gases, and hardgoods, such as welding equipment and supplies. Airgas is also one of the largest U.S. distributors of safety products, the largest U.S. producer of nitrous oxide and dry ice, the largest liquid carbon dioxide producer in the Southeast, and a leading distributor of process chemicals, refrigerants, and ammonia products. More than 14,000 employees work in approximately 1,100 locations, including branches, retail stores, gas fill plants, specialty gas labs, production facilities and distribution centers. Airgas also distributes its products and services through eBusiness, catalog and telesales channels. Its national scale and strong local presence offer a competitive edge to its diversified customer base. For more information, please visit www.airgas.com.

Media Contact:
Jay Worley (610) 902-6206
jay.worley@airgas.com

Investor Contact:
Barry Strzelec (610) 902-6256
barry.strzelec@airgas.com

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