40				1	EUR
NAT.	Filing date	Nr.	P.	U.	D.

ANNUAL ACCOUNTS AND OTHER DOCUMENTS TO BE FILED UNDER BELGIAN COMPANIES AND ASSOCIATIONS CODE

IDENTIFICATION DETAILS (on date of deposit)

UCB SA NAME:
Public limited company Legal form:
Allée de la Recherche 60 Address: Nr.: Box:
1070 Anderlecht Postal code: Municipality:
Belgium Country:
Brussels, French-speaking Register of legal persons – Business court of:
Website address1:
BE 0403.053.608 Company identification number
DATE 30 / 04 / 2020 of filing the memorandum of association OR of the most recent document mentioning the date of publication of the memorandum of association and of the act amending the articles of association.
ANNUAL ACCOUNTS IN EUROS ANNUAL ACCOUNTS 29 / 04 / 2021 approved by the general meeting of
01 01 2020 31 12 2020 Regarding the financial year from / / to / /
01 01 2019 31 12 2019 Preceding financial year from / / to / /
The amounts for the preceding period are / are not2 identical to the ones previously published. XXXXX

Total number of pages filed: .................................... Numbers of sections of the standard form not filed because they serve no useful purpose: ....................................................................................................................................................................................................... 59 6.2.1, 6.2.2, 6.2.5, 6.3.4, 6.5.2, 6.17, 6.18.2, 6.20, 8, 9, 11, 12, 13, 14, 15

[signed version] [signed version]

Jean-Christophe TELLIER Director

Pierre GURDJIAN Vice-Chairman of the Board of Directors

¹ Optional information.

² Strike out what is not applicable.

LIST OF DIRECTORS, BUSINESS MANAGERS AND AUDITORS AND DECLARATION REGARDING A COMPLIMENTARY REVIEW OR CORRECTION ASSIGNMENT

LIST OF THE DIRECTORS, BUSINESS MANAGERS AND AUDITORS

COMPLETE LIST with surname, first names, profession, place of residence (address, number, postal code and municipality) and position within the company

position within the company Evelyn JANSSEN épse de D. du MONCEAU de BERGENDAL c/o UCB S.A. Allée de la Recherche 60, 1070 Anderlecht, Belgium
Pierre GURDJIAN c/o UCB S.A. Allée de la Recherche 60, 1070 Anderlecht, Belgium
Jean-Christophe TELLIER c/o UCB S.A. Allée de la Recherche 60, 1070 Anderlecht, Belgium
Jan BERGER c/o UCB S.A. Allée de la Recherche 60, 1070 Anderlecht, Belgium
Alice DAUTRY c/o UCB S.A. Allée de la Recherche 60, 1070 Anderlecht, Belgium
Kay DAVIES c/o UCB S.A. Allée de la Recherche 60, 1070 Anderlecht, Belgium
Albrecht DE GRAEVE c/o UCB S.A. Allée de la Recherche 60, 1070 Anderlecht, Belgium
Roch DOLIVEUX c/o UCB S.A. Allée de la Recherche 60, 1070 Anderlecht, Belgium
Charles-Antoine JANSSEN c/o UCB S.A. Allée de la Recherche 60, 1070 Anderlecht, Belgium
Cyril JANSSEN c/o UCB S.A. Allée de la Recherche 60, 1070 Anderlecht, Belgium
Viviane MONGES c/o UCB S.A. Allée de la Recherche 60, 1070 Anderlecht, Belgium
Cédric van RIJCKEVORSEL c/o UCB S.A. Allée de la Recherche 60, 1070 Anderlecht, Belgium
Ulf WIINBERG c/o UCB S.A. Allée de la Recherche 60, 1070 Anderlecht, Belgium
PwC Réviseurs d'Entreprises SRL Nr.: BE 0429.501.944 Woluwe Garden Woluwedal 18, 1932 Sint-Stevens-Woluwe, Belgium Membership nr.: B00009
Represented by:
Romain SEFFER Woluwedal 18, 1932 Sint-Stevens-Woluwe, Belgium Membership nr.: A02047

Chairman of the board of directors 25/04/2019 - 27/04/2023

Vice-chairman of the board of directors 30/04/2020 - 25/04/2024

Director 26/04/2018 - 28/04/2022

Director 25/04/2019 - 27/04/2023

Director 25/04/2019 - 31/12/2020

Director 26/04/2018 - 28/04/2022

Director 27/04/2017 - 29/04/2021

Director 30/04/2020 - 25/04/2024

Director 25/04/2019 - 27/04/2023

Director 27/04/2017 - 29/04/2021

Director 26/04/2018 - 28/04/2022

Director 30/04/2020 - 25/04/2024

Auditor 26/04/2018 - 29/04/2021

Nr.	BE 0403.053.608		F-cap 2.2
-----	-----------------	--	-----------

DECLARATION REGARDING A COMPLIMENTARY REVIEW OR CORRECTION ASSIGNMENT

The managing board declares that no audit or correction assignment has been given to a person who was not authorised to do so by law, pursuant to art. 34 and 37 of the law of 22th April 1999 concerning accounting and tax professions.

The annual accounts were / were not audited or corrected by an external accountant or by a company auditor who is not the statutory auditor. XXX

If affirmative, mention hereafter: surname, first names, profession and address of each external accountant or company auditor and his membership number with his Institute as well as the nature of his assignment:

A. Bookkeeping of the enterprise ,
B. Preparing the annual accounts ,
C. Auditing the annual accounts and/or
D. Correcting the annual accounts.

If the tasks mentioned under A. or B. are executed by certified accountants or certified bookkeepers - tax specialists, you can mention hereafter: surname, first names, profession and address of each certified accountant or certified bookkeeper - tax specialist and his/her affiliation number with the Institute of Accounting Professional and Tax Experts and the nature of his/her assignment.

Surname, first names, profession and address	Affiliation number	Nature of the assignment (A, B, C and/or D)

Strike out what is not applicable.

Optional information.

ANNUAL ACCOUNTS

BALANCE SHEET AFTER APPROPRIATION

	Discl.	Codes	Period	Preceding period
ASSETS
Formation expenses	6.1	20	6.199.771	8.523.782
FIXED ASSETS		21/28	8.808.409.350	4.465.370.510
Intangible fixed assets	6.2	21	735.208	1.188.396
Tangible fixed assets	6.3	22/27	31.787.525	26.605.862
Land and buildings		22	21.247.436	14.356.088
Plant, machinery and equipment		23	1.925.134	1.277.546
Furniture and vehicles		24	3.202.973	1.940.382
Leasing and similar rights		25
Other tangible fixed assets		26
Assets under construction and advance payments		27	5.411.982	9.031.846
Financial fixed assets 6.4/6.5.1		28	8.775.886.617	4.437.576.252
Affiliated enterprises	6.15	280/1	8.775.837.034	4.422.397.876
Participating interests		280	8.775.837.034	4.422.397.876
Amounts receivable		281
Enterprises linked by participating interests	6.15	282/3		15.126.591
Participating interests		282		15.126.591
Amounts receivable		283
Other financial assets		284/8	49.583	51.785
Shares		284	49.583	51.785
Amounts receivable and cash guarantees		285/8

Nr. BE 0403.053.608				F-cap 3.1

	Discl.	Codes	Period	Preceding period
CURRENT ASSETS		29/58	2.575.769.007	2.393.138.909
Amounts receivable after more than one year		29	1.340.798.198	894.344.874
Trade debtors		290
Other amounts receivable		291	1.340.798.198	894.344.874
Stocks and contracts in progress		3
Stocks		30/36
Raw materials and consumables		30/31
Work in progress		32
Finished goods		33
Goods purchased for resale		34
Immovable property intended for sale		35
Advance payments		રૂદ
Contracts in progress		37
Amounts receivable within one year		40/41	636.843.511	1.247.601.424
Trade debtors		40	20.917.528	13.508.741
Other amounts receivable		41	615.925.983	1.234.092.683
Current investments		50/53	483.432.305	98.333.796
Own shares		50	453.332.762	97.586.242
Other investments		51/53	30.099.543	747.554
Cash at bank and in hand		54/58	16.202.432	21.318.781
Deferred charges and accrued income	6.6	490/1	98.492.561	131.540.034
TOTAL ASSETS		20/58	11.390.378.128	6.867.033.201

Nr. BE 0403.053.608				F-cap 3.2
	Discl.	Codes	Period	Preceding period
EQUITY AND LIABILITIES
EQUITY		10/15	8.888.869.136	5.339.095.662
Contribution	6.7.1	10/11	2.583.058.636	2.583.058.636
Capital		10	583.516.974	583.516.974
Issued capital		100	583.516.974	583.516.974
Uncalled capital 4		101
Outside the capital		11	1.999.541.662	1.999.541.662
Share premium account		1100/10	1.999.541.662	1.999.541.662
Others		1100/19
Revaluation surpluses		12
Reserves		13	6.253.694.588	2.753.694.588
Reserves not available		130/1	511.684.460	155.937.940
Legal reserve		130	58.351.697	58.351.698
Reserves statutorily not available		1311
Aquisition of own shares		1312	453.332.763	97.586.242
Financial support		1313
Other		1319
Untaxed reserves		132
Available reserves		133	5.742.010.128	2.597.756.648
Accumulated profits (losses)		14	52.115.912	2.342.438
Investment grants ------------------------------------------------------------------------------------------------------------------------------------------------------------		15
Advance to associates on the sharing out of the assets 3		19
PROVISIONS AND DEFERRED TAXES		16	26.238.628	40.950.881
Provisions for liabilities and charges		160/5	26.238.628	40.950.881
Pensions and similar obligations		160	70.476	102.521
Taxation		161
Major repairs and maintenance		162
Environmental obligations		163
Other liabilities and charges	6.8	164/5	26.168.152	40.848.360
Deferred taxes		168

4 Amount to substract of the issued capital

5 Amount to substract from the other part of the equity

Discl. Codes Period Preceding period 2.475.270.364 1.486.986.658 AMOUNTS PAYABLE 17/49 1.392.177.684 893.528.025 6.9 17 Amounts payable after more than one year 1.392.177.684 893.528.025 Financial debts 170/4 Subordinated loans 170 525.717.000 875.717.000 Unsubordinated debentures 171 Leasing and other similar obligations 172 Credit institutions 173 866.460.684 17.811.025 Other loans 174 Trade debts 175 Suppliers 1750 Bills of exchange payable 1751 Advances received on contracts in progress 176 Other amounts payable 178/9 982.556.082 552.376.874 6.9 42/48 Amounts payable within one year Current portion of amounts payable after more than one year 366.359.918 267.811.025 falling due within one year 42 309.865.875 27.364 Financial debts 43 1 5 Credit institutions 430/8 309.865.874 27.359 Other loans 439 17.182.380 20.978.918 Trade debts 44 17.182.380 20.978.918 Suppliers 440/4 Bills of exchange payable 441 Advances received on contracts in progress 46 18.059.436 21.521.731 Taxes, remuneration and social security 6.9 45 9.609 4.537.594 Taxes 450/3 18.049.827 16.984.137 Remuneration and social security 454/9 271.088.473 242.037.836 Other amounts payable 47/48 100.536.598 41.081.759 6.9 492/3 Accruals and deferred income TOTAL LIABILITIES 11.390.378.128 6.867.033.201 10/49	Nr.	BE 0403.053.608		F-cap 3.2

INCOME STATEMENT

	Discl.	Codes	Period	Preceding period
Operating income Turnover	6.10	70/76A 70	112.547.157	69.544.457
Stocks of finished goods and work and contracts in progress: increase (decrease) (+)/(-)		71
Own work capitalised		72
Other operating income	6.10	74	99.600.575	69.376.327
Non-recurring operating income	6.12	76A	12.946.582	168.130
Operating charges		60/66A	127.607.026	118.922.114
Raw materials, consumables		60
Purchases		600/8
Stocks: decrease (increase) (+)/(-)		609
Services and other goods		61	58.026.903	48.784.715
Remuneration, social security costs and pensions (+)/(-) Depreciation of and other amounts written off formation	6.10	62	72.439.567	63.970.684
expenses, intangible and tangible fixed assets Amounts written off stocks, contracts in progress and trade		630	3.282.301	2.463.923
debtors: Appropriations (write-backs) (+)/(-) Provisions for liabilities and charges: Appropriations (uses	6.10	631/4
(+)/(-) and write-backs)	6.10	635/8	-8.891.238	-3.594.465
Other operating charges	6.10	640/8	1.189.207	1.182.812
Operating charges carried to assets as restructuring costs(-)		649
Non-recurring operating charges	6.12	66A	1.560.286	6.114.445
Operating profit (loss) (+)/(-)		9901	-15.059.869	-49.377.657

Nr.	BE 0403.053.608		F-cap 4
-----	-----------------	--	---------	--

	Discl.	Codes	Period	Preceding period
Financial income Recurring financial income Income from financial fixed assets Income from current assets Other financial income Non-recurring financial income	6.11 6.12	75/76B 75 750 751 752/9 76B	3.893.607.246 264.477.121 189.901.538 56.778.775 17.796.808 3.629.130.125	378.559.265 378.519.412 305.200.874 70.146.712 3.171.826 39.853
Financial charges Recurring financial charges Debt charges Amounts written off current assets except stocks, contracts in progress and trade debtors: appropriations (write-backs) (+)/(-) Other financial charges Non-recurring financial charges (+)/(-) Gain (loss) for the period before taxes	6.11 6.12	65/66B 65 650 651 652/9 66B 9903	88.687.149 85.565.829 61.227.662 24.338.167 3.121.320 3.789.860.228	86.983.690 76.389.551 64.994.961 11.394.590 10.594.139 242.197.918
Transfer from deferred taxes		780
Transfer to deferred taxes Income taxes (+)/(-) Taxes Adjustment of income taxes and write-back of tax provisions	6.13	680 67/77 670/3 77	24.450 24.450	29.586 29.586
(+)/(-) Gain (loss) of the period		9904	3.789.835.778	242.168.332
Transfer from untaxed reserves		789
Transfer to untaxed reserves		689
Gain (loss) of the period available for appropriation (+)/(-)		9905	3.789.835.778	242.168.332

APPROPRIATION ACCOUNT

	Codes	Period	Preceding period
Profit (loss) to be appropriated	9906	3.792.178.216	242.168.332
Gain (loss) of the period available for appropriation	(9905)	3.789.835.778	242.168.332
Profit (loss) brought forward	14P	2.342.438
Withdrawals from capital and reserves	791/2
on the contribution	791
from reserves	792
Transfer to capital and reserves	691/2	3.500.000.000
to the contribution	691
to legal reserve	6920
to other reserves	6921	3.500.000.000
Profit (loss) to be carried forward	(14)	52.115.912	2.342.438
Owners' contribution in respect of losses	794
Profit to be distributed	694/7	240.062.304	239.825.894
Dividends	694	240.062.304	239.825.894
Directors' or managers' entiflements	୧୦୧
Employees	୧୨୧
Other beneficiaries	697

EXPLANATORY DISCLOSURES

STATEMENT OF FORMATION EXPENSES OR CAPITAL INCREASE EXPENSES, LOAN ISSUE EXPENSES AND RESTRUCTURING COSTS

	Codes	Period	Preceding period
Net book value at the end of the period	20P	xxxxxxxxxxxxxxx	8.523.782
Movements during the period
New expenses incurred	8002	300.000
Depreciation	8003	2.624.011
Other (+)/(-)	8004
Net book value at the end of the period	(20)	6.199.771
Of which
Formation or capital increase expenses, loan issue expenses and other
formation expenses	200/2	6.199.771
Restructuring costs	204

Nr.	BE 0403.053.608				F-cap 6.2.3
			Codes	Period	Preceding period
RIGHTS	CONCESSIONS, PATENTS, LICENCES, KNOW-HOW, BRANDS AND SIMILAR
	Acquisition value at the end of the period		8052P	xxxxxxxxxxxxxxx	2.582.723
	Movements during the period
Acquisitions, including produced fixed assets		8022	225
	Sales and disposals		8032
	Transfers from one heading to another	(+)/(-)	8042
	Acquisition value at the end of the period		8052	2.582.948
Depreciations and amounts written down at the end of the period		8122P	xxxxxxxxxxxxxxx	1.394.326
	Movements during the period
	Recorded		8072	453.414
	Written back		8082
	Acquisitions from third parties		8092
	Cancelled owing to sales and disposals		8102
	Transferred from one heading to another	(+)/(-)	8112
	Depreciations and amounts written down at the end of the period		8122	1.847.740
	NET BOOK VALUE AT THE END OF THE PERIOD		211	735.208

Nr.	BE 0403.053.608				F-cap 6.2.4
			Codes	Period	Preceding period
GOODWILL
	Acquisition value at the end of the period		8053P	xxxxxxxxxxxxxxx	18.283.336
	Movements during the period
	Acquisitions, including produced fixed assets		8023
	Sales and disposals		8033
	Transfers from one heading to another	(+)/(-)	8043
	Acquisition value at the end of the period		8053	18.283.336
Depreciations and amounts written down at the end of the period		8123P	xxxxxxxxxxxxxxx	18.283.336
	Movements during the period
	Recorded		8073
	Written back		8083
	Acquisitions from third parties		8093
	Cancelled owing to sales and disposals		8103
	Transferred from one heading to another	(+)/(-)	8113
	Depreciations and amounts written down at the end of the period		8123	18.283.336
	NET BOOK VALUE AT THE END OF THE PERIOD		212

STATEMENT OF TANGIBLE FIXED ASSETS

	Codes	Period	Preceding period
LAND AND BUILDINGS
Acquisition value at the end of the period	8191P	xxxxxxxxxxxxxxx	15.338.503
Movements during the period
Acquisitions, including produced fixed assets	8161	4.290.349
Sales and disposals	8171
Transfers from one heading to another (+)/(-)	8181	3.064.789
Acquisition value at the end of the period	8191	22.693.641
Revaluation surpluses at the end of the period	8251P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8211
Acquisitions from third parties	8221
Cancelled	8231
Transferred from one heading to another (+)/(-)	8241
Revaluation surpluses at the end of the period	8251
Depreciations and amounts written down at the end of the period	8321P	xxxxxxxxxxxxxxx	982.416
Movements during the period
Recorded	8271	463.789
Written back	8281
Acquisitions from third parties	8291
Cancelled owing to sales and disposals	8301
Transferred from one heading to another (+)/(-)	8311
Depreciations and amounts written down at the end of the period	8321	1.446.205
NET BOOK VALUE AT THE END OF THE PERIOD	(22)	21.247.436

Nr. BE 0403.053.608				F-cap 6.3.2

		Codes	Period	Preceding period
PLANT, MACHINERY AND EQUIPMENT
Acquisition value at the end of the period		8192P	xxxxxxxxxxxxxxx	2.265.091
Movements during the period
Acquisitions, including produced fixed assets		8162	476.657
Sales and disposals		8172
Transfers from one heading to another	(+)/(-)	8182	572.639
Acquisition value at the end of the period		8192	3.314.387
Revaluation surpluses at the end of the period		8252P	xxxxxxxxxxxxxxx
Movements during the period
Recorded		8212
Acquisitions from third parties		8222
Cancelled		8232
Transferred from one heading to another	(+)/(-)	8242
Revaluation surpluses at the end of the period		8252
Depreciations and amounts written down at the end of the period		8322P	xxxxxxxxxxxxxxx	987.546
Movements during the period
Recorded		8272	401.707
Written back		8282
Acquisitions from third parties		8292
Cancelled owing to sales and disposals		8302
Transferred from one heading to another	(+)/(-)	8312
Depreciations and amounts written down at the end of the period		8322	1.389.253
NET BOOK VALUE AT THE END OF THE PERIOD		(23)	1.925.134

Nr. BE 0403.053.608				F-cap 6.3.3

		Codes	Period	Preceding period
FURNITURE AND VEHICLES
Acquisition value at the end of the period		8193P	xxxxxxxxxxxxxxx	6.036.911
Movements during the period
Acquisitions, including produced fixed assets		8163	396.179
Sales and disposals		8173
Transfers from one heading to another	(+)/(-)	8183	1.843.153
Acquisition value at the end of the period		8193	8.276.243
Revaluation surpluses at the end of the period		8253P	xxxxxxxxxxxxxxx
Movements during the period
Recorded		8213
Acquisitions from third parties		8223
Cancelled		8233
Transferred from one heading to another	(+)/(-)	8243
Revaluation surpluses at the end of the period		8253
Depreciations and amounts written down at the end of the period		8323P	xxxxxxxxxxxxxxx	4.096.529
Movements during the period
Recorded		8273	976.741
Written back		8283
Acquisitions from third parties		8293
Cancelled owing to sales and disposals		8303
Transferred from one heading to another	(+)/(-)	8313
Depreciations and amounts written down at the end of the period		8323	5.073.270
NET BOOK VALUE AT THE END OF THE PERIOD		(24)	3.202.973

Nr. BE 0403.053.608				F-cap 6.3.5

		Codes	Period	Preceding period
OTHER TANGIBLE FIXED ASSETS
Acquisition value at the end of the period		8195P	xxxxxxxxxxxxxxx	1.418.240
Movements during the period
Acquisitions, including produced fixed assets		8165
Sales and disposals		8175
Transfers from one heading to another	(+)/(-)	8185
Acquisition value at the end of the period		8195	1.418.240
Revaluation surpluses at the end of the period		8255P	xxxxxxxxxxxxxxx
Movements during the period
Recorded		8215
Acquisitions from third parties		8225
Cancelled		8235
Transferred from one heading to another	(+)/(-)	8245
Revaluation surpluses at the end of the period		8255
Depreciations and amounts written down at the end of the period		8325P	xxxxxxxxxxxxxxx	1.418.240
Movements during the period
Recorded		8275
Written back		8285
Acquisitions from third parties		8295
Cancelled owing to sales and disposals		8305
Transferred from one heading to another	(+)/(-)	8315
Depreciations and amounts written down at the end of the period		8325	1.418.240
NET BOOK VALUE AT THE END OF THE PERIOD		(26)

	Codes	Period	Preceding period
ASSETS UNDER CONSTRUCTION AND ADVANCE PAYMENTS
Acquisition value at the end of the period	8196P	xxxxxxxxxxxxxxx	9.031.846
Movements during the period
Acquisitions, including produced fixed assets	8166	1.860.717
Sales and disposals	8176
(+)/(-) Transfers from one heading to another	8186	-5.480.581
Acquisition value at the end of the period	8196	5.411.982
Revaluation surpluses at the end of the period	8256P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8216
Acquisitions from third parties	8226
Cancelled	8236
(+)/(-) Transferred from one heading to another	8246
Revaluation surpluses at the end of the period	8256
Depreciations and amounts written down at the end of the period	8326P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8276
Written back	8286
Acquisitions from third parties	8296
Cancelled owing to sales and disposals	8306
(+)/(-) Transferred from one heading to another	8316
Depreciations and amounts written down at the end of the period	8326
NET BOOK VALUE AT THE END OF THE PERIOD	(27)	5.411.982

Nr. BE 0403.053.608 F-cap 6.3.6

STATEMENT OF FINANCIAL FIXED ASSETS

	Codes	Period	Preceding period
AFFILIATED ENTERPRISES - PARTICIPATING INTERESTS AND SHARES
Acquisition value at the end of the period	8391P	xxxxxxxxxxxxxxx	4.619.915.706
Movements during the period
Acquisitions	8361	6.494.411.987
Sales and disposals	8371	2.148.445.649
(+)/(-) Transfers from one heading to another	8381
Acquisition value at the end of the period	8391	8.965.882.044
Revaluation surpluses at the end of the period	8451P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8411
Acquisitions from third parties	8421
Cancelled	8431
(+)/(-) Transferred from one heading to another	8441
Revaluation surpluses at the end of the period	8451
Amounts written down at the end of the period	8521P	xxxxxxxxxxxxxxx	197.517.829
Movements during the period
Recorded	8471	3.121.320
Written back	8481	10.594.139
Acquisitions from third parties	8491
Cancelled owing to sales and disposals	8501
(+)/(-) Transferred from one heading to another	8511
Amounts written down at the end of the period	8521	190.045.010
Uncalled amounts at the end of the period	8551P	xxxxxxxxxxxxxxx
(+)/(-) Movements during the period	8541
Uncalled amounts at the end of the period	8551
NET BOOK VALUE AT THE END OF THE PERIOD	(280)	8.775.837.034
AFFILIATED ENTERPRISES - AMOUNTS RECEIVABLE
NET BOOK VALUE AT THE END OF THE PERIOD	281P	xxxxxxxxxxxxxxx
Movements during the period
Additions	8581
Repayments	8591
Amounts written down	8601
Amounts written back	8611
(+)/(-) Exchange differences	8621
(+)/(-) Other movements	8631
NET BOOK VALUE AT THE END OF THE PERIOD	(281)
ACCUMULATED AMOUNTS WRITTEN OFF AMOUNTS RECEIVABLE AT END OF THE PERIOD	8651

	Codes	Period	Preceding period
ENTERPRISES LINKED BY A PARTICIPATING INTEREST - PARTICIPATING INTERESTS AND SHARES
Acquisition value at the end of the period	8392P	xxxxxxxxxxxxxxx	15.126.591
Movements during the period
Acquisitions	8362
Sales and disposals	8372	15.126.591
(+)/(-) Transfers from one heading to another	8382
Acquisition value at the end of the period	8392
Revaluation surpluses at the end of the period	8452P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8412
Acquisitions from third parties	8422
Cancelled	8432
(+)/(-) Transferred from one heading to another	8442
Revaluation surpluses at the end of the period	8452
Amounts written down at the end of the period	8522P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8472
Written back	8482
Acquisitions from third parties	8492
Cancelled owing to sales and disposals	8502
(+)/(-) Transferred from one heading to another	8512
Amounts written down at the end of the period	8522
Uncalled amounts at the end of the period	8552P	xxxxxxxxxxxxxxx
Movements during the period (+)/(-)	8542
Uncalled amounts at the end of the period	8552
NET BOOK VALUE AT THE END OF THE PERIOD	(282)
ENTERPRISES LINKED BY A PARTICIPATING INTEREST - AMOUNTS RECEIVABLE
NET BOOK VALUE AT THE END OF THE PERIOD	283P	xxxxxxxxxxxxxxx
Movements during the period
Additions	8582
Repayments	8592
Amounts written down	8602
Amounts written back	8612
(+)/(-) Exchange differences	8622
(+)/(-) Other movements	8632
NET BOOK VALUE AT THE END OF THE PERIOD	(283)
ACCUMULATED AMOUNTS WRITTEN OFF AMOUNTS RECEIVABLE AT END OF
THE PERIOD	8652

Nr. BE 0403.053.608 F-cap 6.4.2

Nr.	BE 0403.053.608	F-cap 6.4.3

	Codes	Period	Preceding period
OTHER ENTERPRISES - PARTICIPATING INTERESTS AND SHARES
Acquisition value at the end of the period	8393P	xxxxxxxxxxxxxxx	53.800
Movements during the period
Acquisitions	8363
Sales and disposals	8373	3.093
(+)/(-) Transfers from one heading to another	8383
Acquisition value at the end of the period	8393	50.707
Revaluation surpluses at the end of the period	8453P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8413
Acquisitions from third parties	8423
Cancelled	8433
(+)/(-) Transferred from one heading to another	8443
Revaluation surpluses at the end of the period	8453
Amounts written down at the end of the period	8523P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8473
Written back	8483
Acquisitions from third parties	8493
Cancelled owing to sales and disposals	8503
(+)/(-) Transferred from one heading to another	8513
Amounts written down at the end of the period	8523
Uncalled amounts at the end of the period	8553P	xxxxxxxxxxxxxxx	2.015
(+)/(-) Movements during the period	8543	-891
Uncalled amounts at the end of the period	8553	1.124
NET BOOK VALUE AT THE END OF THE PERIOD	(284)	49.583
OTHERS ENTERPRISES - AMOUNTS RECEIVABLE
NET BOOK VALUE AT THE END OF THE PERIOD	285/8P	xxxxxxxxxxxxxxx
Movements during the period
Additions	8583
Repayments	8593
Amounts written down	8603
Amounts written back	8613
(+)/(-) Exchange differences	8623
(+)/(-) Other movements	8633
NET BOOK VALUE AT THE END OF THE PERIOD	(285/8)
ACCUMULATED AMOUNTS WRITTEN OFF AMOUNTS RECEIVABLE AT END OF
THE PERIOD	8653

PARTICIPATING INTERESTS INFORMATION

PARTICIPATING INTERESTS AND SHARES IN OTHER ENTERPRISES

The following list mentions the companies in which the company holds a participating interest (recorded in headings 280 and 282 of assets), as well as the companies in which the company holds rights (recorded in headings 284 and 51/53 of assets) for an amount of at least 10% of the capital, the equity or a class of shares of the company.

		Rights held			Data extracted from the most recent annual accounts
NAME, full address of the REGISTERED OFFICE and for an enterprise governed by Belgian law, the	directly		subsidiari es	Annual Curre		Capita land reserves	Net result
COMPANY IDENTIFICATION NUMBER	Nature	Number	%	%	accounts as per	ncy code	(+) or (-) (in units)
UCB Pharma SA BE 0403.096.168 Public limited company Allee de la Recherche 60, 1070 Anderlecht, Belgium	Ordinary shares - IFRS				31/12/2020	EUR	9.478.224.867	186.034.116
UCB Australia Pty. LTD Foreign company Level 1, 1155 Malvern Road (PO Box 158), , Australia		figures839.351.525	100,0	0,0	31/12/2020	AUD	25.102.988	2.069.499
	Ordinary shares - IFRS	figures 17.900.000	77,83	0,0
	Preferred shares	300.000	1,3	0,0
	Redeemable Preference Shares	4.800.000	20,87	0,0
UCB Finance NV in liquidation Foreign company Hoge Mosten, 2, 4822 NK BREDA, Netherlands	Ordinary shares - IFRS				31/12/2020	EUR	328.893.876	3.678.829.375
	figures	538.459	100,0	0,0
UCB Japan Co LTD Foreign company Shinjuku Grand Tower, 8-17-1 Nishi-Shinjuku, Shinjuku-ku, 160-0023, Tokyo, Japan	Ordinary shares - IFRS				31/12/2020	JPY	9.546.518.220	1.257.688.722
	figures	69.980	100,0	0,0

Nr.	BE 0403.053.608			F- cap 6.5.1
-----	-----------------	--	--	--------------	--

	Rights held			Data extracted from the most recent annual accounts
NAME, full address of the REGISTERED OFFICE and for an enterprise governed by Belgian law, the		directly		subsidiari es	Annual	Curre	Capita land reserves	Net result
COMPANY IDENTIFICATION NUMBER	Nature	Number	%	%	accounts as per	ncy code		(+) or (-) (in units)
UCB (Investments) LTD Foreign company Bath Road 208, SLOUGH, SL1 3WE Berkshire, United Kingdom	Cumulative				31/12/2020	GBP	463.021.711	48.593.309
	Preference Shares - IFRS	figures 44.928.426	97,82	0,0
	Ordinary Shares	1.000.100	2,18	0,0
UCB DE MEXICO S.A. de C.V. Foreign company Homero, 440 7° Floor, Col. Chapultepec Morales, 11570 MEXICO D.F., Mexico					31/12/2020	MXN	318.003.779	97.898.877
	Ordinary shares - IFRS	figures 51.449.999	100,0	0,0
UCB Pharma France SA Foreign company rue Estienne d'Orves 420, F 92700
COLOMBES, France	Ordinary shares - IFRS				31/12/2020	EUR	108.577.941	-5.856.274
UCB Pharma S.P.A. (Italy)	figures	551.539	99,99	0,01
Foreign company Via Varesina 162, , Italy					31/12/2020	EUR	67.135.287	12.742.336
	Ordinary shares - IFRS figures	474.525	99,9	0,1
UCB Pharma (Produtos Farmacêuticos) Lda Foreign company Rua Victor Câmara, Edifício Q 60, D. Maria I, Piso 1 60, , Portugal					31/12/2020	EUR	4.759.011	527.792
	Ordinary shares - IFRS Figures	88.500	98,33	1,67
UCB Pharma S.A. (Spain)
Foreign company Plaza de Manuel Gómez Moreno,

Madrid 28020, Spain 31/12/2020 EUR 178.796.987 19.767.231

Nr.	BE 0403.053.608		F- cap 6.5.1
-----	-----------------	--	--------------	--	--

		Rights held			Data extracted from the most recent annual accounts
NAME, full address of the REGISTERED OFFICE and for an enterprise governed by Belgian law, the		directly		subsidiari es	Annual	Curre	Capita land reserves	Net result
COMPANY IDENTIFICATION NUMBER	Nature	Number	%	%	accounts as per	ncy code	(+) or (-) (in units)
UCB A.E. (Greece)	Ordinary shares - IFRS figures	9.600	100,0	0,0
Foreign company 63, Agiou Dimitriou Street, 17456 Alimos, Athens, Greece	Ordinary shares -				31/12/2020	EUR	7.553.891	1.567.875
	IFRS Figures	368.013	99,85	0,15
UCB (Pharma) Ireland LTD Foreign company Unit Drug House, Magna Drive, Magna Business Park, DUBLIN 24, Ireland					31/12/2020	EUR	4.013.271	1.161.232
	Ordinary shares - IFRS figures	60.000	100,0	0,0
UCB Korea Co LTD Foreign company 4th Fl., A+ Asset Tower, 369 Gangnam-daero, Seocho-gu, Seoul 06621, Korea (Dem. People's Rep.)					31/12/2020	KRW	20.062.454.809	1.407.714.170
	Ordinary shares - IFRS figures	138.666	100,0	0,0
UCB Biopharma S.A. Foreign company Av. Brigadeiro Faria Limal, 2005005 Rio de Janeiro, Brazil					31/12/2020	BRL	161.661.922	6.359.821
	Ordinary shares - IFRS	figures155.326.714	99,99	0,01
UCB Pharmaceuticals (Taiwan) Ltd Foreign company 12F.-2, No.88, Dunhua N. Rd., Songshan Dist, Tapei, China					31/12/2020	TWD	35.894.283	23.959.365
	Ordinary shares - IFRS figures	1	100,0	0,0
UCB Trading Malaysia Sdn Bhd in liquidation Foreign company

The Gardens South Tower, Kuala

Lumpur, Malaysia 31/12/2020 MYR 0 -63.207

Nr.	BE 0403.053.608			F- cap 6.5.1
-----	-----------------	--	--	--------------	--

	Rights held						Data extracted from the most recent annual accounts
NAME, full address of the REGISTERED OFFICE and for an enterprise governed by Belgian law, the		directly		subsidiari es	Annual	Curre	Capita land reserves	Net result
COMPANY IDENTIFICATION NUMBER	Nature	Number	%	%	accounts as per	ncy code	(+) or (-) (in units)
	Ordinary shares - IFRS figures	400.000	100,0	0,0
UCB Trading (Thailand) Ltd. in liquidation Foreign company Sathorn Square 98, , Thailand					31/12/2020	THB	6.202.357	0
	Ordinary shares - IFRS
UCB Trading (Shangai) CO LTD Foreign company		figures 19.999.998	99,99	0,01
Room 317, No. 439 Fu Te Xi Yi Road, SHANGAI, China	Ordinary shares -				31/12/2020	CNY	44.981.765	3.718.744
UCB Pharma A.S. (TURKEY)	IFRS figures	1	100,0	0,0
Foreign company Palladium Tower, Barbaros Mah., Kardelen Sok. No.2, Kat.24/80, Istanbul, Turkey					31/12/2020	TRY	168.553.552	29.748.866
	Ordinary shares - IFRS figures	1.095.430	100,0	0,0
UCB India Private Ltd Foreign company 504, Peninsula Towers, Ganpatrao Kadam, Marg, Lower Parel, 400013 MUMBAI, India					31/12/2020	INR	454.343.484	-34.260.321
	Ordinary shares - IFRS figures	3.527	99,97	0,03
Uni-Mediflex Private Limited Foreign company 504, Peninsula Corporate Park Ganpatrao Kadam Marg, 400013 Mumbay, India					31/12/2020	INR	2.912.183	0
	Ordinary shares - IFRS figures	290.000	99,99	0,01

UCB S.R.O. Foreign company Thamova 13, 18600 PRAHA 8,

Czech Republic 31/12/2020 CZK 53.962.276 5.350.063

Nr.	BE 0403.053.608			F- cap 6.5.1
-----	-----------------	--	--	--------------	--

	Rights held						Data extracted from the most recent annual accounts
NAME, full address of the REGISTERED OFFICE and for an enterprise governed by Belgian law, the	directly		subsidiari es	Annual	Curre	Capita land reserves	Net result
COMPANY IDENTIFICATION NUMBER	Nature	Number	%	%	accounts as per	ncy code	(+) or (-) (in units)
	Ordinary shares - IFRS	figures 12.300.600	100,0	0,0
UCB GMBH Foreign company Alfred Nobelstrasse 10, D 40789 MONHEIM, Germany	Shares -				31/12/2020	EUR	625.074.184	128.289.929
	IFRS figures	394.000	5,21	94,79
UCB HUNGARY LTD Foreign company Obuda Gate Building,, Arpad Fejelum utja 26-28, 1023 BUDAPEST, Hungary					31/12/2020	HUF	636.789.935	240.397.779
	Shares - IFRS
UCB Pharma Sp. z.o.o. (Poland)		figures148.000.000	100,0	0,0
Foreign company Ul. Kruczkowskego 8, 00-380 WARSAWA, Poland					31/12/2020	PLN	48.252.356	-22.933.930
	Ordinary shares - IFRS figures	236.456	78,05	21,95
UCB Pharma LLC (Russia) Foreign company
Shturvalnaya str. bldg 1 5, Moscow 1253645, Russian Federation					31/12/2020	RUB	167.953.250	34.527.074
	Ordinary shares - IFRS figures	1	100,0	0,0
UCB Bulgaria EOOD Foreign company 15, Ljubata Str., Fl. 4 apt. 10-11, Lozenetz, Sofia 1407, Bulgaria					31/12/2020	BGN	1.462.139	220.965
	Ordinary shares - IFRS figures	500	100,0	0,0
UCB Pharma Romania SRL Foreign company 40-44 Banu Antonache, 4th fl., district 1, 011665 Bucharest,

Romania 31/12/2020 RON 5.150.760 2.154.768

Nr.	BE 0403.053.608			F- cap 6.5.1
-----	-----------------	--	--	--------------	--

	Rights held						Data extracted from the most recent annual accounts
NAME, full address of the REGISTERED OFFICE and for an enterprise governed by Belgian law, the		directly		subsidiari es	Annual	Curre	Capita land reserves	Net result
COMPANY IDENTIFICATION NUMBER	Nature	Number	%	%	accounts as per	ncy code	(+) or (-) (in units)
UCB Pharma Logistics LLC Foreign company	Ordinary shares - IFRS figures	20	100,0	0,0
Perevedenovky pereulok, 13, building 21, Moscow 119048, Russian Federation					31/12/2020	RUB	69.964.472	-554.811.752
	Ordinary shares - IFRS figures	1	100,0	0,0
UCB Ventures SA BE 0667.816.096 Public limited company Allée de la Recherche 60, 1070
Anderlecht, Belgium	Ordinary shares -				31/12/2020	EUR	53.127.789	-2.381.842
	IFRS	figures 59.999.999	99,99	0,01
UCB Manufacturing Ireland Ltd. Foreign company Shannon Industrial Estate, , Ireland	Classe A shares -				31/12/2020	EUR	183.846.282	-932.869
	IFRS figures	1.400.000	63,64	0,0
	Deferred ordinary shares	800.000	36,36	0,0

OTHER INVESTMENTS AND DEPOSITS, ALLOCATION DEFERRED CHARGES AND ACCRUED INCOME

	Codes	Period	Preceding period
INVESTMENTS: OTHER INVESTMENTS AND DEPOSITS
Shares and current investments other than fixed income investments	51	30.099.543	747.554
Shares - Book value increased with the uncalled amount	8681	30.099.543	747.554
Shares - Uncalled amount	8682
Precious metals and works of art	8683
Fixed income securities	52
Fixed income securities issued by credit institutions	8684
Fixed term accounts with credit institutions With residual term or notice of withdrawal	53
up to one month	8686
between one month and one year	8687
over one year	8688
Other investments not mentioned above	8689

	Period
DEFERRED CHARGES AND ACCRUED INCOME
Allocation of heading 490/1 of assets if the amount is significant
Fair market value on bonds	95.788.843
Interest receivable	1.493.369
Other expenses to be carried forward	1.026.018

STATEMENT OF CAPITAL

Preceding period

STATEMENT OF CAPITAL AND SHAREHOLDING STRUCTURE

Capital
Issued capital at the end of the period		XXXXXXXXXXXXXXXXXXXXX		583.516.974
Issued capital at the end of the period		583.516.974

	Codes	Value		Number of shares
Changes during the period
…………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………
��
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------		.
Structure of the capital
Different categories of shares
Ordinary shares		583.516.974		194.505.658

��

Registered shares		XXXXXXXXXXXXXXXXXXX		68.868.745
Shares dematerialized		XXXXXXXXXXXXXXXXXX		125.636.913
				Capital called but not
	Codes	Uncalled amount		paid
Capital not paid
Uncalled capital				XXXXXXXXXXXXXXXXXXXX
Called up capital, unpaid		XXXXXXXXXXXXXXXXXX
Shareholders having yet to pay up in full


----------------------------------------------------------------------------------------------------------------------------------------------------------------------------

			Codes	Period

Own shares
Held by the company itself
Amount of capital held			8721	16.440.666
Corresponding number of shares				5.480.222
Held by the subsidiaries
Amount of capital held
Corresponding number of shares
Commitments to issue shares
Owing to the exercise of conversion rights
Amount of outstanding convertible loans
Amount of capital to be subscribed
Corresponding maximum number of shares to be issued
Owing to the exercise of subscription rights

Number of outstanding subscription rights
Amount of capital to be subscribed
Corresponding maximum number of shares to be issued
Authorized capital not issued			8751

Codes

Period

Nr 1 053 608 DE U403
-------------------------------

	Codes	Period
Shares issued, non representing capital
Distribution
Number of shares …………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………	8761
Number of voting rights attached thereto
Allocation by shareholder
Number of shares held by the company itself
Number of shares held by its subsidiaries

	Period
Supplementary explanation relating to the contribution the industry contribution)



------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Notifications received pursuant to the law of 2 May 2007 on disclosure of large shareholdings
Last update:		05 January 2021		Situation as per
	Share capital	€ 583.516.974
	Total number of voting rights (= denominator)	194.505.658		13 March 2014
	1 Financière de Tubize SA ('Tubize')
	securities carrying voting rights (shares)	68.076.981	35,00%	19 January 2018
	2 UCB SA/NV
	securities carrying voting rights (shares)	5.480.222	2,82%	31 December 2020
	assimilated financial instruments (options)(1)	0	0,00%	06 March 2017
	assimilated financial instruments (other)(1)	0	0,00%	18 December 2015
	Total	5.480.222	2,82%
	Free float(2) (securities carrying voting rights (shares))	120.948.455	62,18%
	3 BlackRock, Inc.
	securities carrying voting rights (shares)	9.412.691	4,84%	13 January 2020
	4 Wellington Management Group LLP
	securities carrying voting rights (shares)	15.575.749	8,01%	01 October 2019
	5 FMR LLC
	securities carrying voting rights (shares)	7.060.944	3,63%	27 July 2020

(all percentages are calculated on the basis of the current total number of voting rights)

(1) Assimilated financial instruments within the meaning of article 6, §6 of the Law of 2 May 2007 on the disclosure of large shareholdings.

(2) Free float being the UCB shares not held by the reference shareholder (Tubize) and UCB SA/NV. Only securities carrying voting rights (shares) held by these entities are taken into account for this calculation; assimilated financial instruments are excluded.

	Nr	RE (141) 053 608
--	----	---------------------	--	--

PROVISIONS FOR OTHER LIABILITIES AND CHARGES

	Period
ANALYSIS OF THE HEADING 164/5 OF LIABILITIES IF THE AMOUNT IS SIGNIFICANT
Stock awards provision	23.899.703
Restructuring provision	580.883
Stock appreciation rights provision	1.687.566

STATEMENT OF AMOUNTS PAYABLE, ACCRUED CHARGES AND DEFERRED INCOME

	Codes	Period
BREAKDOWN OF AMOUNTS PAYABLE WITH AN ORIGINAL PERIOD TO MATURITY OF MORE THAN ONE YEAR, ACCORDING TO THEIR RESIDUAL TERM
Current portion of amounts payable after more than one year falling due within one year
Financial debts	8801	366.359.918
Subordinated loans	8811
Unsubordinated debentures		366.359.918
Leasing and other similar obligations	8831
Credit institutions
Other loans	8851
Trade debts	8861
Suppliers
Bills of exchange payable
Advance payments received on contract in progress
Other amounts payable
Total current portion of amounts payable after more than one year falling due within one year		366.359.918
Amounts payable with a remaining term of more than one but not more than five years
Financial debts	8802	525.717.000
Subordinated loans
Unsubordinated debentures		525.717.000
Leasing and other similar obligations	8832
Credit institutions	8842
Other loans	8852
Trade debts	8862
Suppliers
Bills of exchange payable
Advance payments received on contracts in progress
Other amounts payable	8902
Total amounts payable with a remaining term of more than one but not more than five years 8912		525.717.000
Amounts payable with a remaining term of more than five years
Financial debts		866.460.684
Subordinated loans	8813
Unsubordinated debentures
Leasing and other similar obligations
Credit institutions	8843
Other loans	8853	866.460.684
Trade debts	8863
Suppliers	8873
Bills of exchange payable
Advance payments received on contracts in progress
Other amounts payable	8903
Total amounts payable with a remaining term of more than five years	8913	866.460.684

Nr. BE 0403.053.608		F-cap 6.9

	Codes	Period
GUARANTEED AMOUNTS PAYABLE (included in headings 17 and 42/48 of the liabilities)
Amounts payable guaranteed by Belgian public authorities
Financial debts
Subordinated loans
Unsubordinated debentures
Leasing and similar obligations	8951
Credit institutions	8961
Other loans	8971
Trade debts	8981
Suppliers	8991
Bills of exchange payable
Advance payments received on contracts in progress	9011
Remuneration and social security
Other amounts payable	9051

Total amounts payable guaranteed by Belgian public authorities
Amounts payable guaranteed by real securities or irrevocably promised by the enterprise on its
own assets
Financial debts	8922
Subordinated loans	8932
Unsubordinated debentures
Leasing and similar obligations	8952
Credit institutions	8962
Other loans	8972
Trade debts	8982
Suppliers	8992
Bills of exchange payable
Advance payments received on contracts in progress
Taxes, remuneration and social security	9022
Taxes	9032
Remuneration and social security
Other amounts payable	9052
Total amounts payable guaranteed by real securities or irrevocably promised by the enterprise
on its own assets	9062

	Codes	Period
TAXES, REMUNERATION AND SOCIAL SECURITY
Taxes (heading 450/3 and 179 of the liabilities)
Outstanding tax debts
Accruing taxes payable		.
Estimated taxes payable		9.609
Remuneration and social security (headings 454/9 and 179 of the liabilities)
Amounts due to the National Social Security Office
Other amounts payable in respect of remuneration and social security		18.049.827

BE 0403.053.608		F-cap 6.9

		Period
ACCRUALS AND DEFERRED INCOME
Allocation of heading 492/3 of liabilities if the amount is significant
	Accrued interests	22.795.839
	Stock options recharges	65.631.806
	Unrealized exchange differences	12.041.069

Other accrued charges ...................................................................................................................................... 67.884

OPERATING RESULTS

	Codes	Period	Preceding period
OPERATING INCOME
Net turnover
Allocation by categories of activity
��
��
��
��
Allocation into geographical markets

��
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Other operating income Operating subsidies and compensatory amounts received from public authorities
OPERATING CHARGES
Employees for whom the enterprise submitted a DIMONA declaration or who are recorded in the general personnel register
Total number at the closing date	9086	191	178
Average number of employees calculated in full-time equivalents	9087	188,6	176,6
Number of actual worked hours	0088	307.414	294.393
Personnel costs
Remuneration and direct social benefits	620	48.132.042	37.312.339
Employers' contribution for social security	621	6.870.463	4.944.315
Employers' premiums for extra statutory insurance	622	6.159.066	5.907.753
Other personnel costs	623	11.277.996	15.806.277
Retirement and survivors' pensions	624

BE 0403.053.608				F-cap 6.10

		Codes	Period	Preceding period
Provisions for pensions and other similar rights
Appropriations (uses and write-backs)	(+)/(-)	635	-32.045	-85.999
Amounts written off
Stocks and contracts in progress
Recorded		9110
Written back		9111
Trade debts
Recorded		9112
Written back		9113
Provisions for liabilities and charges
Additions		9115
Uses and write-backs		9116	8.891.238	3.594.465
Other operating charges
Taxes related to operation		640	892.153	1.091.486
Other costs		641/8	297.054	91.326
Hired temporary staff and personnel placed at the enterprise's disposal
Total number at the closing date		9096
Average number calculated in full-time equivalents		9097	1,1	2,0
Number of actual worked hours		9098	2.207	3.996
Costs to the enterprise		617	62.457	124.664

FINANCIAL RESULTS

	Codes	Period	Preceding period
RECURRING FINANCIAL INCOME
Other financial income Subsidies granted by public authorities and recorded as income for the period
Capital subsidies
Interest subsidies
Allocation of other financial income
Currency differences realized		1.850.976	3.171.806
Others
////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////		15.945.833	0
Other financial income		0	20

RECURRING FINANCIAL CHARGES
Depreciation of loan issue expenses		1.637.361	1.674.990
Capitalized Interests	6502
Amounts written off current assets
Recorded
Written back	6511
Other financial charges Amount of the discount borne by the enterprise, as a result of negotiating amounts receivable	653
Provisions of a financial nature
Appropriations
Uses and write-backs	6561
Allocation of other financial charges
Currency differences realized		5.476.718	9.946.820
Currency translation differences
Others
Bank charges		65.356	158.232
Various bank charges		2.121.451	1.289.538
		16.674.642	0

INCOME AND CHARGE OF EXCEPTIONAL SIZE OR INCIDENCE

	Codes	Period	Preceding period
NON RECURRING INCOME	76	3.642.076.707	207.983
Non-recurring operating income	(76A)	12.946.582	168.130
Write-back of depreciation and of amounts written off intangible and tangible
fixed assets	760
Write-back of provisions for non-recurring operating liabilities and charges	7620
Capital gains on disposal of intangible and tangible fixed asset	7630
Other non-recurring operating income	764/8	12.946.582	168.130
Non-recurring financial income	(76B)	3.629.130.125	39.853
Write-back of amounts written down financial fixed assets	761	10.594.139
Write-back of provisions for non-recurring financial liabilities and charges	7621
Capital gains on disposal of financial fixed assets	7631	3.618.535.986	39.853
Other non-recurring financial income	769
NON-RECURRING EXPENSES	66	4.681.606	16.708.584
Non-recurring operating charges	(66A)	1.560.286	6.114.445
Non-recurring depreciation of and amounts written off formation expenses,
intangible and tangible fixed assets	660
Provisions for non-recurring operating liabilities and charges: Appropriations (uses) (+)/(-)	6620	-5.821.014	6.114.445
Capital losses on disposal of intangible and tangible fixed assets	6630
Other non-recurring operating charges	664/7	7.381.300
Non-recurring operating charges carried to assets as restructuring costs .(-)	6690
Non-recurring financial charges	(66B)	3.121.320	10.594.139
Amounts written off financial fixed assets	661	3.121.320	10.594.139
Provisions for non-recurring financial liabilities and charges: Appropriations (uses) (+)/(-)	6621
Capital losses on disposal of financial fixed assets	6631
Other non-recurring financial charges	668
Non-recurring financial charges carried to assets as restructuring costs (-)	6691

INCOME TAXES AND OTHER TAXES

	Codes	Period
INCOME TAXES
Income taxes on the result of the period		24.172
Income taxes paid and withholding taxes due or paid		30.000
Excess of income tax prepayments and witholding taxes paid recorded under assets 9136		5.828
Estimated additional taxes
Income taxes on the result of prior periods		278
Additional income taxes due or paid		278
Additional income taxes estimated or provided for
In so far as taxes of the period are materially affected by differences between the profit before taxes as stated in annual accounts and the estimated taxable profit
Impairments on shares		-7.473.710
Taxed provisions		-13.630.777
Dividend received deduction		-3.746.265.101
Realized gains on shares		-32.332.790
Intra-group transfer		-12.946.581
Loss on options		16.674.642
Other disallowed expenses		6.114.090

	Period
lmpact of non recurring results on the amount of the income taxes relating to the current period

	Codes	Period
Status of deferred taxes
Deferred taxes representing assets		277.521.705
Accumulated tax losses deductible from future taxable profits
Other deferred taxes representing assets
Dividend received deduction		277.521.705

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Deferred taxes representing liabilities
Allocation of deferred taxes representing liabilities

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………
……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

	Period	Preceding period
VALUE ADDED TAXES AND OTHER TAXES BORNE BY THIRD PARTIES
Value added taxes charged
To the enterprise (deductible)	11.483.682	10.342.027
By the enterprise	8.885.554	7.103.116
Amounts withheld on behalf of third party
For payroll withholding taxes	20.192.006	14.721.523

F-cap 6.13

BE 0403.053.608			F-cap 6.13

	Codes	Period	Preceding period
For withholding taxes on investment income	9148	39.654.117	38.914.017

Nr. F-cap 6.14 BE 0403.053.608
--------------------------------------

RIGHTS AND COMMITMENTS NOT REFLECTED IN THE BALANCE SHEET

	Codes	Period
PERSONAL GUARANTEES PROVIDED OR IRREVOCABLY PROMISED BY THE ENTERPRISE AS SECURITY FOR DEBTS AND COMMITMENTS OF THIRD PARTIES	9149
Of which
Bills of exchange in circulation endorsed by the enterprise	9150
Bills of exchange in circulation drawn or guaranteed by the enterprise	9151
Maximum amount for which other debts or commitments of third parties are guaranteed by the
enterprise	9153
REAL GUARANTEES
Real guarantees provided or irrevocably promised by the enterprise on its own assets as security of debts and commitments of the enterprise
Mortgages
Book value of the immovable properties mortgaged	91611
Amount of registration	91621
Amount of registration by mandate	91631
Pledging of goodwill
Pledging of goodwill - Max amount	91711
Pledging of goodwill - Amount of the registration by mandate	91721
Pledging of other assets
Pledging of other assets - Book value	91811
Pledging of other assets - Max amount	91821
Guarantees provided on future assets
Guarantees provided on future assets - Amount assets involved	91911
Guarantees provided on future assets - Max amount	91921
Seller privilege
Seller privilege - Book value	92011
Seller privilege - Unpaid amount	92021

BE 0403.053.608			F-cap 6.14
		Codes	Period
security of debts and commitments of third parties	Real guarantees provided or irrevocably promised by the enterprise on its own assets as
Mortgages
	Book value of the immovable properties mortgaged
	Amount of registration
	Amount of registration by mandate
Pledging of goodwill
	Pledging of goodwill - Max amount
	Pledging of goodwill - Amount of the registration on goodwill pledged by mandate 91722
Pledging of other assets
	Pledging of other assets - Book value
	Pledging of other assets - Max amount
Guarantees provided on future assets
	Guarantees provided on future assets - Amount assets involved

Seller privilege - Book value ............................................................................................................................................... Seller privilege - Unpaid amount .............................................................................................................................................

Guarantees provided on future assets - Max amount ............................................................................................................................

Seller privilege

	Codes	Period
GOODS AND VALUES, NOT DISCLOSED IN THE BALANCE SHEET, HELD BY THIRD PARTIES IN THEIR OWN NAME BUT AT RISK TO AND FOR THE BENEFIT OF THE ENTERPRISE

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………
……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………
SUBSTANTIAL COMMITMENTS TO ACQUIRE FIXED ASSETS


……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………
SUBSTANTIAL COMMITMENTS TO DISPOSE OF FIXED ASSETS

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

FORWARD TRANSACTIONS
Goods purchased (to be received)
Goods sold (to be delivered)	9214
Currencies purchased (to be received)		677.643.788
Currencies sold (to be delivered)	9216	601.784.445

..............................................................................................................................................................................

Nr.	BE 0403.053.608		F-cap 6.14

			Period
COMMITMENTS RELATING TO TECHNICAL GUARANTEES IN RESPECT OF SALES OR SERVICES

	Period
AMOUNT, NATURE AND FORM CONCERNING LITIGATION AND OTHER IMPORTANT COMMITMENTS

SUPPLEMENT RETIREMENTS OR SURVIVORS PENSION PLANS IN FAVOUR OF THE PERSONNEL OR THE EXECUTIVES OF THE ENTERPRISE

Brief description

UCB SA has made regulations setting out an objective to be attained concerning the resources to be made available to retired salaried staff.

The objective decided upon is to be achieved by the payment to those retired, over and above the legal pension of :

a) pensions or lump sums resulting from the maturity at the time of their retirement of group insurance policies,

whose premiums have been paid by the person concerned throughout his career ;

b) possible pensions paid by the ASBL Fonds de Prévoyance UCB, a supplementary pension fund maintained from monthly payments made by the company ;

c) a special sum, depending on the length of service, paid by the company on their retirement.

UCB SA has also subscribed to insurance policies in favor of the heirs of its salaried staff covering :

death benefit
temporary pensions to orphans.

These insurances are financed by the payment of annual premiums by the company.

In addition, the company pays to a widow of a salaried staff employee, who dies in service, a special payment as an additional widow's pension.

Measures taken by the enterprise to cover the resulting charges

	Codes	Period
PENSIONS FUNDED BY THE ENTERPRISE
Estimated amount of the commitments resulting from past services	9220
Methods of estimation

	Period
NATURE AND FINANCIAL IMPACT OF SIGNIFICANT EVENTS AFTER THE CLOSING DATE NOT INCLUDED IN THE BALANCE SHEET OR THE INCOME STATEMENT

Nr.	BE 0403.053.608		F-cap 6.14

			Period
Commitments to purchase or sale available to the company as Issuer of options for Sale or PURCHASE

	Period
NATURE, COMMERCIAL OBJECTIVE AND FINANCIAL CONSEQUENCES OF TRANSACTIONS NOT REFLECTED IN THE BALANCE SHEET
Provided that the risks or advantages coming from these transactions are significant and if the disclosure of the risks or advantages is necessary to appreciate the financial situation of the company

	Period
OTHER RIGHTS AND COMMITMENTS NOT REFLECTED IN THE BALANCE SHEET (including those which can not be quantified)

RELATIONSHIPS WITH AFFILIATED ENTERPRISES, ASSOCIATED ENTERPRISES AND OTHERS ENTERPRISES LINKED BY PARTICIPATING INTERESTS

	Codes	Period	Preceding period
AFFILIATED ENTERPRISES
Financial fixed assets	(280/1)	8.775.837.034	4.422.397.876
Participating interests	(280)	8.775.837.034	4.422.397.876
Subordinated amounts receivable	9271
Other amounts receivable	9281
Amounts receivable	9291	1.975.566.816	1.994.195.835
Over one year	9301	1.340.774.576	894.121.681
Within one year	9311	634.792.240	1.100.074.154
Current investments	9321
Shares	9331
Amounts receivable	9341
Amounts payable	9351	1.027.889.299	2.307.859
Over one year	9361	716.460.684
Within one year	9371	311.428.615	2.307.859
Personal and real guarantees Provided or irrevocably promised by the enterprise as security for debts or
commitments of affiliated enterprises	9381
Provided or irrevocably promised by affiliated enterprises as security for debts or commitments of the enterprise	9391
Other significant financial commitments	9401
Financial results
Income from financial fixed assets	9421	189.901.538	305.200.874
Income from current assets	9431	56.678.970	70.137.021
Other financial income	9441	144.717	3.171.826
Debt charges	9461	26.087.534	19.519.568
Other financial charges	9471	5.454.498	7.955.441
Disposal of fixed assets
Capital gains obtained	9481	3.602.148.137
Capital losses suffered	9491

	Codes	Preceding period
ASSOCIATED ENTERPRISES
Financial fixed assets	9253
Participating interests
Subordinated amounts receivable
Other amounts receivable	9283
Amounts receivable	9293
Over one year
Within one year
Amounts payable	9353
Over one year
Within one year
Personal and real guarantees
Provided or irrevocably promised by the enterprise as security for debts or
commitments of associated enterprises	9383
Provided or irrevocably promised by associated enterprises as security for debts or commitments of the enterprise	9393
Other significant financial commitments	9403
OTHER ENTERPRISES LINKED BY PARTICIPATING INTERESTS
Financial fixed assets	9252	15.126.591
Participating interests		15.126.591
Subordinated amounts receivable
Other amounts receivable	9282
Amounts receivable	9292
Over one year
Within one year	9312
Amounts payable	9352
Over one year
Within one year	9372

Nr.

	Period
TRANSACTIONS WITH ENTERPRISES LINKED BY PARTICIPATING INTERESTS OUT OF MARKET CONDITIONS Mention of these transactions if they are significant, including the amount of the transactions, the nature of the link, and all information about the transactions which should be necessary to get a better understanding of the situation of the company

F-cap 6.15

FINANCIAL RELATIONSHIPS WITH

	Codes	Period
DIRECTORS, MANAGERS, INDIVIDUALS OR BODIES CORPORATE WHO CONTROL THE ENTERPRISE WITHOUT BEING ASSOCIATED THEREWITH OR OTHER ENTERPRISES CONTROLLED BY THESE PERSONS
Amounts receivable from these persons	9500
Conditions on amounts receivable, rate, duration, possibly reimbursed amounts, canceled amounts or renounced amounts


Guarantees provided in their favour
Other significant commitments undertaken in their favour
Amount of direct and indirect remunerations and pensions, included in the income statement, as long as this disclosure does not concern exclusively or mainly, the situation of a single identifiable person
To directors and managers	9503	2.783.716
To former directors and former managers	9504

	Codes	Period
AUDITORS OR PEOPLE THEY ARE LINKED TO
Auditor's fees	9505	435.000
Fees for exceptional services or special missions executed in the company by the auditor
Other attestation missions	95061	62.405
Tax consultancy	95062
Other missions external to the audit	95063	164.826
Fees for exceptional services or special missions executed in the company by people they are linked to
Other attestation missions	95081
Tax consultancy	95082	25.000
Other missions external to the audit	95083	42.903

Mentions related to article 3:64, §2 and §4 of the Companies and Associations Code

Nr.	BE 0403.053.608		F-cap 6.18.1
-----	-----------------	--	--------------

INFORMATION RELATING TO CONSOLIDATED ACCOUNTS

INFORMATION TO DISCLOSE BY EACH ENTERPRISE THAT IS SUBJECT TO COMPANY LAW ON THE CONSOLIDATED ACCOUNTS OF ENTERPRISES

The enterprise has prepared and published consolidated accounts and a consolidated report

VALUATION RULES

SUMMARY OF VALUATION RULES.

I. Formation expenses.

Formation expenses, which are not taken account of in the profit and loss account of the year, in which they are incurred, are depreciated over a maximum period of five year.

II. Intangible fixed assets.

The purchase price of patents, licenses and similar items has been depreciated at a minimum rate equal to that of the assets required to handle the patent or process and otherwise over three years by the straight line method.

From 1990, the purchase price of patents, licenses and similar items has been depreciated over a fixed number of years, whose number cannot be less than five, equivalent to 20 % per annum considering "prorata temporis".

The purchase price of patents, licenses and similar items can also be depreciated in function of a prudent appreciation on the duration of the economic life of this intangible asset.

The purchase or cost price of intangible fixed assets, other than those referred to above, and which are eligible for subsidies (costs of commercial studies, of organizations, etc.) have been wholly depreciated in the year in which these expenses were incurred.

Intangible fixed assets, whose depreciation is taken over a period of five years or less, are removed from the balance sheet along with the relevant depreciation during the fifth year following their inclusion in assets.

Software acquired which is not essential for the functioning of the computer system and of a value above 1.250 Euro has been treated as an intangible fixed assets and "prorata temporis" depreciated over five years on a straight line basis.

Intangible fixed assets, whose depreciation is taken over a period of five years or less, are removed from the balance sheet along with the relevant "prorata temporis" depreciation during the fifth year following their inclusion in assets.

The costs of new acquisitions haven been depreciated on a "prorata temporis" basis.

III. Tangible fixed assets.

Fixed assets purchased have been included in the assets on the balance sheet at their purchase price ; assets manufactured by the company itself have been valued at their cost price.

The purchase or cost price has been depreciated on a straight line basis considering "prorata temporis" at the usual rates agreed by the tax authorities which prevent overvaluation of the net value of fixed assets.

These annual rates of depreciation are as follows :
Buildings, houses		3 %
Administrative buildings		3 %
Industrial buildings		5 %
Tools	15 %
Furniture and office equipment	15 %
Vehicles	20 %
Computer equipment and office machinery	33 1/3 %
Prototype equipment	33 1/3 %

Tangible fixed assets sold to third parties have been written off at their gross value. At the same time the depreciation already taken in the previous year has been written back. The difference between the amount realized and the residual values gives rise to a surplus or deficit, which has been taken in the non recurring profits and losses.

Nr.	BE 0403.053.608	F-cap 6.19

Fixed assets taken out of use have followed the same procedure. The residual value has been depreciated in total and taken against exceptional profits.

In the case of the transfer (by sale or contribution) of a branch of activity or of a division, the depreciation relating to the tangible fixed assets thus transferred during the year has been calculated pro rata temporis to the holding in the company.

Reciprocally, the rule of pro rata temporis has been applied to those tangible fixed assets entering into the balance sheet of the company following the acquisition during the year of a branch of activity or of a division.

Software acquired essential for the functioning of the computer system has been treated as tangible fixed assets and has been depreciated in accordance with the rules in force for computer equipment, being 33 1/3 % per annum.

IV. Financial fixed assets.

Shareholdings have been valued individually each year by the Board of Directors on the basis of their valuation on the stock exchange, their realizable value, their income and their potential interest for the future of the UCB Group. Reductions in value, which have resulted, have been taken against non-recurring profits and losses.

V. Receivables and liabilities.

Have been entered on the balance sheet at their nominal value. Receivables have been written down if their repayment, when due, is wholly or partly uncertain or doubtful.

VI. Foreign currencies.

A. Foreign currency transactions

Non-monetary assets (and liabilities), such as inventories, real estate, participations, which have resulted in a foreign currency transaction, are and are recorded in the accounts at their acquisition value in EURO as Conversion of the amount in foreign currency at the exchange rate, adopted on the day on which the transaction was registered ("historical" price).

This rule also applies as regards the recording, in EURO, of claims and monetary debts denominated in foreign currency. At the end of the financial year, however, the countervalue in EURO of these items is remeasured on the basis of the average market price on the closing date of the accounts.

The translation differences, both positive and negative, resulting from these re-estimates are taken directly into account.

B. Fair value hedges : FX risks

Depending on the nature of the financial instrument and the presence of the underlying on the balance sheet, the impact of derivatives has been recognized directly in the income statement in accordance with IFRS (International Financial Reporting Standards) Balance sheet according to Belgian standards.

Since January 1, 2016, UCB SA has made a change in accounting rules in these statutory accounts in order to align the two accounting standards. The derivative products are now recognized directly in the profit and loss accounts in BEGAAP standards.

The Board approved this change in accounting rules to facilitate the closing process and align the statutory valuation rules under the BEGAAP standards with the Group's accounting policies under

Nr.	BE 0403.053.608	F-cap 6.19

International Financial Reporting Standards (IFRS) and thus facilitating comparison with IFRS.

C. Fair value hedges : interest rate risk

In case an IRS is concluded under the form of a fair value hedge, the interests to be paid for the loan will be offset by the interests to be received from the IRS in the entity where the loan is accounted for. However the changes in fair value of the derivative will not be offset with the changes in fair value of the loan as the loan will remain accounted for at amortised cost under Bgaap. Therefore, as there is no offsetting exposure for the changes in fair value of the derivative, the derivative will only be accounted for as an off-balance sheet commitment and the changes in fair value will not affect profit and loss accounts. This is in line with the guidance in advice 2011/18 issued by the Belgian Accounting Commission (see § III D. of the advice) which states that, in case an IRS is concluded as a hedging operation (as opposed to a speculative operation), the eventual (negative) fluctuation in market value of the IRS does not need to be taken in profit and loss since the change in market value of the loan does not need to be accounted for neither.

In case of a CCIRS (cross currency interest rate swap), the same rules will apply except for the foreign currency part of the derivative. In this particular case, the fluctuations in fair value of the CCIRS that are due to the forex component do have an offsetting exposure as the outstanding loan will be in foreign currencies which is revalued through profit and loss. In this case, the forex component of the derivative will be measured at fair value on the balance sheet and all fluctuations of this component will go through P&L. The interest rate component of the derivative will only be accounted for as an off-balance sheet commitment and disclosed in the notes to the financial statements. This is in line with advice 2011/18 issued by the Belgian Accounting Commission (see § III D. of the advice) as the change in fair value of the loan due to the forex component will be accounted for in profit and loss due to the current valuation rules whereby all revaluation effects of monetary assets and liabilities are accounted for through P&L.

D. Cash flow hedge : FX risks

The effects of changes in fair value of cash flow hedges will only be accounted for as an offbalance sheet commitment and disclosed in the notes. In case of a back-to-back cash flow hedge for FX risk concluded by the Treasury Center, the cash flow hedge will have an offsetting exposure; so in this case, the cash flow hedge will be accounted for at fair value in the balance sheet with fluctuations going through P&L.

In case the FX risk would be hedged by options, the same methodology as explained above will be followed. In case of hedging a forecasted transaction with options, the hedged transaction is not on the balance sheet yet and since there is no offsetting exposure for the derivative, the derivative will be accounted for as an off-balance sheet commitment and disclosed in the notes to the statutory financial statements.

In order to further align the Bgaap accounting treatment of hedged transactions with the IFRS accounting treatment, UCB also proposes to recognize the effective portion of changes in the fair value of derivative financial instruments that are designated and qualify as cash flow hedges, on the same line in the income statement as the hedged item (firm commitment/forecasted transaction) at the moment the hedged item affects profit or loss or on the same line in the balance sheet at the moment the hedged forecasted transaction results in the recognition of a non-financial asset or liability (as part of the initial measurement of that asset or liability). UCB proposes to use the same average rate methodology as adopted under IFRS for recognition of the effective portion of changes in the fair value of derivative financial instruments into P&L.

E. Cash flow hedge : interest rate risks

In case of an IRS accounted for as a cash flow hedge, the same accounting principles will apply as mentioned above under IRS concluded as fair value hedges. As there is no offsetting exposure for the changes in fair value of the derivative, the derivative will only be accounted for as an offbalance sheet commitment and the changes in fair value will not affect profit and loss accounts.

Nr. F-cap 6.19 BE 0403.053.608
--------------------------------------

This is also applicable in case an IRS is concluded for a forecasted transaction. This is in line with § III C. (IRS as hedging for a loan with variable interest rate) and E. (IRS as hedging for a forecasted transaction) of the advice 2011/18 issued by the Belgian Accounting Commission.

As a result, the Bgaap accounting treatment of cash flow hedges that hedge the interest rate risk will be different from the IFRS accounting. Under IFRS the effects of changes in fair value of cash flow hedges will be accounted for in equity whereas under Bgaap these will only be accounted for as an off-balance sheet commitment and disclosed in the notes.

F. Net investment hedge

The net investment hedge will be accounted for as an off-balance sheet commitment and disclosed in the notes to its statutory financial statements except in case there would be an offsetting exposure. The Bgaap accounting of net investment hedges will be different from the IFRS accounting.

Under IFRS any impacts of net investment hedges are accounted for in equity. Under Bgaap these will be accounted for as an off-balance sheet commitment and disclosed in the notes to the financial statements unless there is an offsetting exposure in which case the hedge is accounted for at fair value on the balance sheet with fluctuations going through P&L.

VI. Accounting treatment of stock options.

Costs related to stock option activities relating to pre-2014 stock option plans were treated as salary expenses under accounting heading 62 "Compensation, social charges and pensions" for the net cost.

Following the transfer of stock option plans from 2014 to 2019 from UCB Fipar S.A. to UCB S.A., the accounting treatment of these costs has been aligned with CNC opinion 2012/3 relating to the accounting treatment of stock options. Losses related to the exercise of options are recognized in other financial losses while gains on the writing of options are recognized in other financial income in the income statement.

The net cost of stock option activities recognized as compensation in 2019 amounted to € 9.7m while the financial losses and financial income recognized in 2020 amounted to € 16.6m and € 15.9m respectively.

VII. Provisions for risk and charges.

All risks affecting the company, have been the subject of provision which are re-assessed each year, following the rules of prudence, good faith and sincerity.

RIGHTS AND COMMITMENTS NOT INCLUDED IN THE BALANCE SHEET.

DESCRIPTION OF THE SUPPLEMENTARY SCHEME FOR RETIREMENT AND SURVIVING DEPENDANTS PENSIONS.

I. Supplementary scheme for retirement pensions.

UCB SA has made regulations setting out an objective to be attained concerning the resources to be made available to retired salaried staff.

The objective decided upon is to be achieved by the payment to those retired, over and above the legal pension of :

a) pensions or lump sums resulting from the maturity at the time of their retirement of group insurance policies,

whose premiums have been paid by the person concerned throughout his career ;

b) possible pensions paid by the ASBL Fonds de Prévoyance UCB, a supplementary pension fund maintained from monthly payments made by the company ;

Nr.	BE 0403.053.608		F-cap 6.19
-----	-----------------	--	------------	--	--

c) a special sum, depending on the length of service, paid by the company on their retirement.

II. Supplementary scheme for pensions to surviving dependants.

UCB SA has also subscribed to insurance policies in favor of the heirs of its salaried staff covering :

death benefit
temporary pensions to orphans.

These insurances are financed by the payment of annual premiums by the company. In addition, the company pays to a widow of a salaried staff employee, who dies in service, a special payment as an additional widow's pension.

III. Other Benefits.

UCB SA has made internal regulations providing income to be given to employees absent through accident, sickness, maternity, etc., for periods which vary according to their length of service.

During the current period		Total	1. Men	2. Women
Average number of employees
Full-time	1001	177,1	65,8	111,3
Part-time	1002	12,6	0,7	11,9
Total in full-time equivalents	1003	186,9	66,3	120,6
Number of hours actually worked
Full-time	1011	293.648	107.968	185.680
Part-time	1012	13.766	1.005	12.761
Total	1013	307.414	108.973	198.441
Personnel costs
Full-time	1021	69.195.723	25.441.766	43.753.957
Part-time	1022	3.243.844	236.820	3.007.024
Total	1023	72.439.567	25.678.586	46.760.981
Advantages in addition to wages

During the preceding period	Codes	P. Total	1P. Men	2P. Women
Average number of employees in FTE	1003	176,6	63,6	113,0
Number of hours actually worked	1013	294.393	109.878	184.515
Personnel costs	1023	63.970.684	23.876.148	40.094.536
Advantages in addition to wages	1033

At the closing date of the period	Codes	1. Full-time	2. Part-time	3. Total full-time equivalents
Number of employees	105	179	12	188,6
By nature of the employment contract
Contract for an indefinite period	110	164	12	173,6
Contract for a definite period	111	15		15,0
Contract for the execution of a specifically assigned work	112
Replacement contract	113
According to gender and study level
Men	120	67		67,0
primary education	1200
secondary education	1201
higher non-university education	1202	13		13,0
university education	1203	54		54,0
Women	121	112	12	121,6
primary education	1210
secondary education	1211	7	2	8,7
higher non-university education	1212	21	7	26,4
university education	1213	84	3	86,5
By professional category
Management staff	130	17		17,0
Employees	134	162	12	171,6
Workers	132
Others	133

During the period	Codes	1. Hired temporary staff
Average number of persons employed	150	1,1
Number of hours actually worked	151	2.207
Costs for the enterprise	152	62.457

ENTRIES	Codes	1. Full-time	2. Part-time	3. Total full-time equivalents
Number of employees for whom the entreprise submitted a DIMONA declaration or who have been recorded in the general personnel register during the financial year	205	48	1	48,5
By nature of employment contract
Contract for an indefinite period	210	32	1	32,5
Contract for a definite period	211	16		16,0
Contract for the execution of a specifically assigned work	212
Replacement contract	213

Number of employees whose contract-termination date has been entered in DIMONA declaration or in the general personnel register during the financial year	305	34	2	35,6
By nature of employment contract
Contract for an indefinite period	310	20	2	21,6
Contract for a definite period	311	14		14,0
Contract for the execution of a specifically assigned work	312
Replacement contract	313
By reason of termination of contract
Retirement	340		1	0,8
Unemployment with extra allowance from enterprise	341
Dismissal	342	4		4,0
Other reason	343	30	1	30,8
the number of persons who continue to render services to the enterprise at least half-time on a self-employed basis	350

DEPARTURES	Codes	1. Full-time	2. Part-time	3. Total full-time equivalents
Number of employees whose contract-termination date has been entered in DIMONA declaration or in the general personnel register during the financial year	305	34	2	35,6
By nature of employment contract
Contract for an indefinite period	310	20	2	21,6
Contract for a definite period	311	14		14,0
Contract for the execution of a specifically assigned work	312
Replacement contract	313
By reason of termination of contract
Retirement	340		1	0,8
Unemployment with extra allowance from enterprise	341
Dismissal	342	4		4,0
Other reason	343	30	1	30,8
the number of persons who continue to render services to the enterprise at least half-time on a self-employed basis	350

	Codes	Men	Codes	Women
Total of initiatives of formal professional training at the expense of the employer
Number of employees involved	5801	63	5811	120
Number of actual training hours	5802	3.409	5812	62.303
Net costs for the enterprise	5803	20.034	5813	28.692
of which gross costs directly linked to training	58031	13.960	58131	22.679
of which fees paid and paiments to collective funds	58032	6.074	58132	6.013
of which grants and other financial advantages received (to deduct)	58033		58133
Total of initiatives of less formal or informal professional training at the expense of the employer
Number of employees involved	5821		5831
Number of actual training hours	5822		5832
Net costs for the enterprise	5823		5833
Total of initiatives of initial professional training at the expense of the employer
Number of employees involved	5841		5851
Number of actual training hours	5842		5852
Net costs for the enterprise	5843		5853

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UCB — Annual Report 2020

4017_rns_2021-03-26_7044c773-c66b-47eb-b8b7-d2c4cef2695d.pdf

ANNUAL ACCOUNTS AND OTHER DOCUMENTS TO BE FILED UNDER BELGIAN COMPANIES AND ASSOCIATIONS CODE

IDENTIFICATION DETAILS (on date of deposit)

LIST OF DIRECTORS, BUSINESS MANAGERS AND AUDITORS AND DECLARATION REGARDING A COMPLIMENTARY REVIEW OR CORRECTION ASSIGNMENT

LIST OF THE DIRECTORS, BUSINESS MANAGERS AND AUDITORS

DECLARATION REGARDING A COMPLIMENTARY REVIEW OR CORRECTION ASSIGNMENT

ANNUAL ACCOUNTS

BALANCE SHEET AFTER APPROPRIATION

INCOME STATEMENT

APPROPRIATION ACCOUNT

EXPLANATORY DISCLOSURES

STATEMENT OF FORMATION EXPENSES OR CAPITAL INCREASE EXPENSES, LOAN ISSUE EXPENSES AND RESTRUCTURING COSTS

STATEMENT OF TANGIBLE FIXED ASSETS

STATEMENT OF FINANCIAL FIXED ASSETS

PARTICIPATING INTERESTS INFORMATION

PARTICIPATING INTERESTS AND SHARES IN OTHER ENTERPRISES

OTHER INVESTMENTS AND DEPOSITS, ALLOCATION DEFERRED CHARGES AND ACCRUED INCOME

STATEMENT OF CAPITAL AND SHAREHOLDING STRUCTURE

PROVISIONS FOR OTHER LIABILITIES AND CHARGES

STATEMENT OF AMOUNTS PAYABLE, ACCRUED CHARGES AND DEFERRED INCOME

OPERATING RESULTS

FINANCIAL RESULTS

INCOME AND CHARGE OF EXCEPTIONAL SIZE OR INCIDENCE

INCOME TAXES AND OTHER TAXES

RIGHTS AND COMMITMENTS NOT REFLECTED IN THE BALANCE SHEET

Brief description

Measures taken by the enterprise to cover the resulting charges

RELATIONSHIPS WITH AFFILIATED ENTERPRISES, ASSOCIATED ENTERPRISES AND OTHERS ENTERPRISES LINKED BY PARTICIPATING INTERESTS

FINANCIAL RELATIONSHIPS WITH

INFORMATION RELATING TO CONSOLIDATED ACCOUNTS

VALUATION RULES

II. Intangible fixed assets.

A. Foreign currency transactions

D. Cash flow hedge : FX risks

E. Cash flow hedge : interest rate risks

RIGHTS AND COMMITMENTS NOT INCLUDED IN THE BALANCE SHEET.

OTHER DOCUMENTS TO BE FILED UNDER BELGIAN COMPANIES AND ASSOCIATIONS CODE

SOCIAL BALANCE SHEET

STATEMENT OF THE PERSONS EMPLOYED

EMPLOYEES FOR WHOM THE ENTERPRISE SUBMITTED A DIMONA DECLARATION OR WHO ARE RECORDED IN THE GENERAL PERSONNEL REGISTER

EMPLOYEES FOR WHOM THE ENTERPRISE SUBMITTED A DIMONA DECLARATION OR WHO ARE RECORDED IN THE GENERAL PERSONNEL REGISTER (continued)

HIRED TEMPORARY STAFF AND PERSONNEL PLACED AT THE ENTERPRISE'S DISPOSAL

LIST OF PERSONNEL MOVEMENTS DURING THE PERIOD

INFORMATION ON TRAINING PROVIDED TO EMPLOYEES DURING THE PERIOD

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UCB Annual Report 2020