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UCB Audit Report / Information 2023

Mar 25, 2016

4017_rns_2016-03-25_9114529f-f7fd-4a03-b792-d7acac6213a2.pdf

Audit Report / Information

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{0}------------------------------------------------

И
40 1 EUR
NAT. Date of deposit Nr. Р. E. D.

F 1.1

ANNUAL ACCOUNTS IN EUROS

NAME: UCB SA
Nr.: 60 Box:
Brussels, French-speaking
Website*:
Company number BE 0403.053.608
DATE 24 / 04 / 2014 of deposit of the memorand the date of publication of the memorandum of association and of the dum of association OR of the most recent document mentioning ne act amending the articles of association.
ANNUAL ACCOUNTS approved by the general meeting of 28 / 04 / 2016
regarding the period from 01 / 01 / 2015 to 31 / 12 / 2015
Preceding period from 01 / 01 / 2014 to 31 / 12 / 2014
The amounts for the preceding period are / ** identical to the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of the second of ne ones previously published.
COMPLETE LIST with name, surnames, profession, address (s company, of the DIRECTORS, BUSINESS MANAGERS AND AU treet, number, postal code and municipality) and position within the
Gerhard MAYR
c/o UCB S.A. Allée de la Recherche 60, 1070 Anderlecht, Belgiu		 Chairman of the board of directors
du MONCEAU de BERGENDAL JANSSEN Evelyn epse D.
c/o UCB S.A. Allée de la Recherche 60, 1070 Anderlecht, Belgiu		 Vice-chairman of the board of directors
um
Jean-Christophe TELLIER
c/o UCB S.A. Allée de la Recherche 60, 1070 Anderlecht, Belgiu		 Director
um
Kay DAVIES
c/o UCB S.A. Allée de la Recherche 60, 1070 Anderlecht, Belgiu		 Director
um
Cédric van RIJCKEVORSEL
c/o UCB S.A. Allée de la Recherche 60, 1070 Anderlecht, Belgiu		 Director
um
Charles-Antoine JANSSEN
c/o UCB S.A. Allée de la Recherche 60, 1070 Anderlecht, Belgiu		 Director
um

Are attached to these annual accounts: Management report

Total number of pages deposited: .......59.............................

Jean-Christophe TELLIER
Director

Gerhard MAYR
Chairman of the Board of Directors

Optional information.

** Strike out what is not applicable.

{1}------------------------------------------------

Nr. F 1.1 BE 0403.053.608

LIST OF THE DIRECTORS, BUSINESS MANAGERS AND AUDITORS (continued)

Harriet EDELMAN Director

c/o UCB S.A. Allée de la Recherche 60, 1070 Anderlecht, Belgium

Jean-Pierre KINET c/o UCB S.A. Allée de la Recherche 60, 1070 Anderlecht, Belgium Director - 30/04/2015

Tom McKILLOP Director

Norman J. ORNSTEIN Director

c/o UCB S.A. Allée de la Recherche 60, 1070 Anderlecht, Belgium

Arnoud de PRET c/o UCB S.A. Allée de la Recherche 60, 1070 Anderlecht, Belgium Director - 30/04/2015

Cyril JANSSEN c/o UCB S.A. Allée de la Recherche 60, 1070 Anderlecht, Belgium Director 28/04/2016 -

Alice DAUTRY c/o UCB S.A. Allée de la Recherche 60, 1070 Anderlecht, Belgium Director 28/04/2016 -

Albrecht DE GRAEVE Director

c/o UCB S.A. Allée de la Recherche 60, 1070 Anderlecht, Belgium

PwC Réviseurs d'Entreprises SCCRL Auditor

Nr.: BE 0429.501.944

Woluwe Garden Woluwedal 18, 1932 Sint-Stevens-Woluwe, Belgium

c/o UCB S.A. Allée de la Recherche 60, 1070 Anderlecht, Belgium

Membership nr.: B00009

Represented by:

Romain SEFFER Woluwedal 18, 1932 Sint-Stevens-Woluwe, Belgium Membership nr.: A02047

{2}------------------------------------------------

Nr. BE 0403.053.608 F 1.2
----- ----------------- -- -------

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: name, surnames, profession, 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: name, surnames, profession, address of each certified accountant or certified bookkeeper - tax specialist and the nature of his assignment.

Name, surnames, profession and address Number Nature of the
assignment
(A, B, C and/or D)

* Strike out what is not applicable.

** Optional information.

{3}------------------------------------------------

BALANCE SHEET AFTER APPROPRIATION

Discl. Codes Period Preceding period
ASSETS
FIXED ASSETS 20/28 7.754.604.252 7.301.903.701
Formation expenses 5.1 20 20.068.665 21.053.914
Intangible fixed assets 5.2 21 119.586 176.156
Tangible fixed assets 5.3 22/27 7.631.922 7.586.373
Land and buildings 22 5.867.452 5.866.548
Plant, machinery and equipment 23 718.206 407.995
Furniture and vehicles 24 271.632 650.415
Leasing and similar rights 25
Other tangible fixed assets 26
Assets under construction and advance payments 5.4/ 27 774.632 661.415
Financial fixed assets 5.5.1 28 7.726.784.079 7.273.087.258
Affiliated enterprises 5.14 280/1 7.711.460.995 7.249.783.366
Participating interests 280 7.711.460.995 7.249.783.366
Amounts receivable 281
5.14 282/3 15.126.591 23.107.399
Other enterprises linked by participating interests 15.126.591 23.107.399
Participating interests 282
Amounts receivable 283
Other financial assets 284/8 196.493 196.493
Shares 284 196.493 196.493
Amounts receivable and cash guarantees 285/8
CURRENT ASSETS 29/58 1.408.998.439 1.830.726.216
Amounts receivable after more than one year 29 1.048.786.841 1.559.244.258
Trade debtors 290
Other amounts receivable 291 1.048.786.841 1.559.244.258
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
Contracts in progress		 36
37

Amounts receivable within one year 40/41 46.036.042 36.468.242
Trade debtors 40 45.006.424 35.557.555
Other amounts receivable 41 1.029.618 910.687
5.5.1/
Current investments 5.6 50/53 201.367.660 101.014.289
Own shares 50 189.521.478 13.888.164
Other investments 51/53 11.846.182 87.126.125
Cash at bank and in hand 54/58 92.581.653 100.849.145
Deferred charges and accrued income 5.6 490/1 20.226.243 33.150.282
TOTAL ASSETS 20/58 9.163.602.691 9.132.629.917

{4}------------------------------------------------

Discl. Codes Period Preceding period
EQUITY AND LIABILITIES
EQUITY(+)/(-) 10/15 5.796.504.108 5.834.409.848
Capital 5.7 10 583.516.974 583.516.974
Issued capital 100 583.516.974 583.516.974
Uncalled capital 101
Share premium account 11 1.999.541.662 1.999.541.662
Revaluation surpluses 12
Reserves 13 3.213.445.472 3.232.476.243
Legal reserve 130 58.351.698 58.351.698
Reserves not available 131 189.521.479 13.888.164
In respect of own shares held 1310 189.521.479 13.888.164
Other 1311
Untaxed reserves 132
Available reserves 133 2.965.572.295 3.160.236.381
Accumulated profits (losses)
(+)/(-)		 14 18.874.969
Investment grants 15
Advance to associates on the sharing out of the assets 19
PROVISIONS AND DEFERRED TAXES 16 56.395.617 50.199.722
Provisions for liabilities and charges 160/5 56.395.617 50.199.722
Pensions and similar obligations 160 791.971 1.220.648
Taxation 161
Major repairs and maintenance 162
Other liabilities and charges 5.8 163/5 55.603.646 48.979.074
Deferred taxes 168
AMOUNTS PAYABLE 17/49 3.310.702.966 3.248.020.347
Amounts payable after more than one year 5.9 17 1.310.503.494 1.760.795.589
Financial debts 170/4 1.292.747.186 1.732.644.628
Subordinated loans 170 300.000.000
Unsubordinated debentures 171 1.200.717.000 1.350.000.000
Leasing and other similar obligations 172
Credit institutions 173
Other loans 174 92.030.186 82.644.628
Trade debts 175
Suppliers 1750
Bills of exchange payable 1751

Advances received on contracts in progress
Other amounts payable		 176
178/9		 17.756.308 28.150.961
Amounts payable within one year
Current portion of amounts payable after more than one year		 42/48 1.922.661.519 1.399.709.876
falling due within one year 5.9 42 800.000.000 519.266
Financial debts 43 848.648.230 1.148.762.510
Credit institutions 430/8 487.030.717 138.726.805
Other loans 439 361.617.513 1.010.035.705
Trade debts 44 33.879.064 29.817.191
Suppliers 440/4 33.879.064 29.817.191
Bills of exchange payable 441
Advances received on contracts in progress 46
Taxes, remuneration and social security 5.9 45 14.768.511
7.333.308		 9.324.914
15.270
Taxes
Remuneration and social security		 450/3
454/9		 7.435.203 9.309.644
Other amounts payable 47/48 225.365.714 211.285.995
Accruals and deferred income 5.9 492/3 77.537.953 87.514.882
TOTAL LIABILITIES 10/49 9.163.602.691 9.132.629.917

{5}------------------------------------------------

INCOME STATEMENT

Discl. Codes Period Preceding period
Operating income 70/74 90.940.379 53.145.559
Turnover 5.10 70
Stocks of finished goods and work and contracts in progress:
increase (decrease)(+)/(-) 71
Own work capitalised 72
Other operating income 5.10 74 90.940.379 53.145.559
Operating charges(+)/(-) 60/64 150.456.590 113.983.177
Raw materials, consumables 60
Purchases 600/8
(+)/(-)
Stocks: decrease (increase)		 609
Services and other goods 61 63.796.376 40.690.239
Remuneration, social security costs and pensions(+)/(-) 5.10 62 76.223.580 62.969.440
Depreciation of and other amounts written off formation
expenses, intangible and tangible fixed assets 630 3.265.860 3.704.455
Amounts written off stocks, contracts in progress and trade
debtors: Appropriations (write-backs)(+)/(-) 631/4 -2.155
Provisions for liabilities and charges: Appropriations (uses
(+)/(-)
and write-backs)		 5.10 635/7 5.568.895 -4.107.115
Other operating charges 5.10 640/8 1.604.034 10.726.158
Operating charges carried to assets as restructuring costs(-) 649
9901 -59.516.211 -60.837.618
Operating profit (loss)(+)/(-)
Financial income 75 387.961.541 305.450.518
Income from financial fixed assets 750 250.617.911 117.656.011
Income from current assets 751 97.845.718 161.428.330
Other financial income 5.11 752/9 39.497.912 26.366.177
Financial charges
(+)/(-)		 5.11 65 153.659.415 167.070.519
Debt charges 650 111.793.921 144.858.204
Amounts written off current assets except stocks, contracts
in progress and trade debtors: appropriations (write-backs)
(+)/(-) 651
Other financial charges(+)/(-) 652/9 41.865.494 22.212.315
(+)/(-)
Gain (loss) on ordinary activities before taxes		 9902 174.785.915 77.542.381

{6}------------------------------------------------

Discl. Codes Period Preceding period
Extraordinary income
Write-back of depreciation and of amounts written off		 76 29.587.725
intangible and tangible fixed assets 760
Write-back of amounts written down financial fixed assets
Write-back of provisions for extraordinary liabilities and		 761
charges 762 482.168
Capital gains on disposal of fixed assets 763 29.105.557
Other extraordinary income 5.11 764/9
Extraordinary charges
(+)/(-)
Extraordinary depreciation of and extraordinary amounts
written off formation expenses, intangible and tangible fixed		 66 2.208.535 3.657.871
assets 660
Amounts written off financial fixed assets 661 498.801 3.657.871
Provisions for extraordinary liabilities and charges:
appropriations (uses)(+)/(-)		 662 627.000
Capital losses on disposal of fixed assets 663 1.082.734
Other extraordinary charges 5.11 664/8
Extraordinary charges carried to assets as restructuring
costs(-)		 669
(+)/(-)
Gain (loss) for the period before taxes		 9903 172.577.380 103.472.235
Transfer from deferred taxes 780
Transfer to deferred taxes 680
Income taxes(+)/(-) 5.12 67/77 935.932 1.960.126
Taxes 670/3 935.932 1.960.126
Adjustment of income taxes and write-back of tax provisions 77
(+)/(-)
Gain (loss) of the period		 9904 171.641.448 101.512.109
Transfer from untaxed reserves 789
Transfer to untaxed reserves 689
Gain (loss) of the period available for appropriation(+)/(-) 9905 171.641.448 101.512.109

{7}------------------------------------------------

APPROPRIATION ACCOUNT

Codes Period Preceding period
(+)/(-)
Profit (loss) to be appropriated		 9906 190.516.417 224.596.339
(+)/(-)
Gain (loss) of the period available for appropriation		 (9905) 171.641.448 101.512.109
(+)/(-)
Profit (loss) brought forward		 14P 18.874.969 123.084.230
Withdrawals from capital and reserves 791/2 19.030.773
from capital and share premium account 791
from reserves 792 19.030.773
Transfer to capital and reserves 691/2 3.323.552
to capital and share premium account 691
to legal reserve 6920 3.323.552
to other reserves 6921
Profit (loss) to be carried forward(+)/(-) (14) 18.874.969
Owners' contribution in respect of losses 794
Profit to be distributed 694/6 209.547.190 202.397.818
Dividends 694 209.547.190 202.397.818
Directors' or managers' entitlements 695
Other beneficiaries 696

{8}------------------------------------------------

EXPLANATORY DISCLOSURES

STATEMENT OF FORMATION EXPENSES

Codes Period Preceding period
Net book value at the end of the period 20P xxxxxxxxxxxxxxx 21.053.914
Movements during the period
New expenses incurred 8002 4.047.285
Depreciation 8003 5.032.534
Other(+)/(-) 8004
Net book value at the end of the period (20) 20.068.665
Of which
Formation or capital increase expenses, loan issue expenses and other
formation expenses		 200/2 20.068.665
Restructuring costs 204

{9}------------------------------------------------

Codes Period Preceding period
CONCESSIONS, PATENTS, LICENCES, KNOW-HOW, BRANDS AND SIMILAR
RIGHTS
Acquisition value at the end of the period 8052P xxxxxxxxxxxxxxx 1.007.853
Movements during the period
Acquisitions, including produced fixed assets 8022
Sales and disposals 8032
(+)/(-)
Transfers from one heading to another		 8042
Acquisition value at the end of the period 8052 1.007.853
Depreciations and amounts written down at the end of the period 8122P xxxxxxxxxxxxxxx 831.697
Movements during the period
Recorded 8072 56.571
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 888.268
NET BOOK VALUE AT THE END OF THE PERIOD 211 119.585

{10}------------------------------------------------

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

{11}------------------------------------------------

STATEMENT OF TANGIBLE FIXED ASSETS

Codes Period Preceding period
LAND AND BUILDINGS
Acquisition value at the end of the period 8191P xxxxxxxxxxxxxxx 6.391.602
Movements during the period
Acquisitions, including produced fixed assets
Sales and disposals		 8161
8171
(+)/(-)
Transfers from one heading to another		 8181 57.751
Acquisition value at the end of the period 8191 6.449.353
Revaluation surpluses at the end of the period 8251P xxxxxxxxxxxxxxx
Movements during the period
Recorded
Acquisitions from third parties
Cancelled
(+)/(-)
Transferred from one heading to another		 8211
8221
8231
8241


Revaluation surpluses at the end of the period 8251
Depreciations and amounts written down at the end of the period 8321P xxxxxxxxxxxxxxx 525.054
Movements during the period
Recorded
Written back
Acquisitions from third parties		 8271
8281
8291		 56.847
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 581.901
NET BOOK VALUE AT THE END OF THE PERIOD (22) 5.867.452

{12}------------------------------------------------

Codes Period Preceding period
PLANT, MACHINERY AND EQUIPMENT
Acquisition value at the end of the period 8192P xxxxxxxxxxxxxxx 617.194
Movements during the period
Acquisitions, including produced fixed assets 8162 176.403
Sales and disposals 8172
(+)/(-)
Transfers from one heading to another		 8182 246.449
Acquisition value at the end of the period 8192 1.040.046
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 209.199
Movements during the period
Recorded 8272 112.641
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 321.840
NET BOOK VALUE AT THE END OF THE PERIOD (23) 718.206

{13}------------------------------------------------

Codes Period Preceding period
FURNITURE AND VEHICLES
Acquisition value at the end of the period 8193P xxxxxxxxxxxxxxx 5.865.688
Movements during the period
Acquisitions, including produced fixed assets 8163
Sales and disposals 8173 488.121
(+)/(-)
Transfers from one heading to another		 8183 18.993
Acquisition value at the end of the period 8193 5.396.560
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 5.215.273
Movements during the period
Recorded 8273 92.700
Written back 8283
Acquisitions from third parties 8293
Cancelled owing to sales and disposals 8303 183.045
Transferred from one heading to another
(+)/(-)		 8313
Depreciations and amounts written down at the end of the period 8323 5.124.928
NET BOOK VALUE AT THE END OF THE PERIOD (24) 271.632

{14}------------------------------------------------

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 1.418.240
(+)/(-)
Transfers from one heading to another		 8185
Acquisition value at the end of the period 8195
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 1.418.240
(+)/(-)
Transferred from one heading to another		 8315
Depreciations and amounts written down at the end of the period 8325
NET BOOK VALUE AT THE END OF THE PERIOD (26)

{15}------------------------------------------------

Codes Period Preceding period
ASSETS UNDER CONSTRUCTION AND ADVANCE PAYMENTS
Acquisition value at the end of the period 8196P xxxxxxxxxxxxxxx 661.415
Movements during the period
Acquisitions, including produced fixed assets 8166 436.409
Sales and disposals 8176
(+)/(-)
Transfers from one heading to another		 8186 -323.192
Acquisition value at the end of the period 8196 774.632
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) 774.632

{16}------------------------------------------------

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 7.286.730.077
Movements during the period
Acquisitions 8361 461.654.390
Sales and disposals 8371
(+)/(-)
Transfers from one heading to another		 8381
Acquisition value at the end of the period 8391 7.748.384.467
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 36.923.472
Movements during the period
Recorded 8471
Written back 8481
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 36.923.472
Uncalled amounts at the end of the period 8551P xxxxxxxxxxxxxxx 23.239
(+)/(-)
Movements during the period		 8541 -23.239
Uncalled amounts at the end of the period 8551
NET BOOK VALUE AT THE END OF THE PERIOD (280) 7.711.460.995
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

{17}------------------------------------------------

_ _ 4 $\sim$ 1
- ' 4 ンコ
Codes Period Preceding period
ENTERPRISES LINKED BY A PARTICIPATING INTEREST - PARTICIPATING
INTERESTS AND SHARES
Acquisition value at the end of the period 8392P xxxxxxxxxxxxxxx 34.746.200
Movements during the period
Acquisitions 8362
Sales and disposals 8372 19.619.609
(+)/(-)
Transfers from one heading to another		 8382
Acquisition value at the end of the period 8392 15.126.591
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 11.638.801
Movements during the period
Recorded 8472 498.801
Written back 8482
Acquisitions from third parties 8492
Cancelled owing to sales and disposals 8502 12.137.602
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) 15.126.591
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

{18}------------------------------------------------

4 പ
- つ 4 . 1
Codes Period Preceding period
OTHER ENTERPRISES - PARTICIPATING INTERESTS AND SHARES
Acquisition value at the end of the period 8393P xxxxxxxxxxxxxxx 198.895
Movements during the period
Acquisitions 8363
Sales and disposals 8373 387
(+)/(-)
Transfers from one heading to another		 8383
Acquisition value at the end of the period 8393 198.508
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 2.402
(+)/(-)
Movements during the period		 8543 -387
Uncalled amounts at the end of the period 8553 2.015
NET BOOK VALUE AT THE END OF THE PERIOD (284) 196.493
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

{19}------------------------------------------------

PARTICIPATING INTERESTS INFORMATION

PARTICIPATING INTERESTS AND SHARES

List the enterprises in which the enterprise holds a participating interest, (recorded in the heading 280 and 282 of assets) and the other enterprises in which the enterprise holds rights (recorded in the headings 284 and 51/53 of assets) for an amount of at least 10 % of the capital issued.

Rights held by Data extracted from the most recent annual accounts
NAME, full address of the REGISTERED OFFICE and for an enterprise governed by Belgian direc tly subsidiar
ies		 Annual Capital and reserve Net result
law, the COMPANY IDENTIFICATION NUMBER Number % % accounts as
per		 rency
code		 (+) of
(in uni		 ` '
UCB Pharma SA
BE 0403.096.168
Public limited company
Allee de la Recherche 60, 1070 Anderlecht,
Belgium		 31/12/2015 EUR 2.266.739.996 -14.624.911
Ordinary shares - IFRS figures 83.443.317 100,0 0,0
UCB LUX SA
Foreign company
Rue Eugène Ruppert 12, 2453
LUXEMBOURG, Luxembourg		 31/12/2015 EUR 4.100.961.196 107.133.076
Ordinary shares - IFRS figures 132.437.183 100,0 0,0
UCB FINANCE NV Foreign company Lage Mosten, 33, 4822 NK BREDA, Netherlands Ordinary shares - IFRS figures 538.459 100,0 0,0 31/12/2015 EUR 1.374.064.615 142.151.279
UCB PHARMA SA Foreign company rue Estienne d'Orves 420, F 92700 COLOMBES, France 31/12/2015 EUR 102.422.807 5.956.706
Ordinary shares - IFRS figures 512.597 92,94 7,06
Vedim Pharma SA
Foreign company
Paseo de la Castellana 141, Madrid 28046,
Spain		 31/12/2015 EUR 95.390.207 9.425.804
Ordinary shares - IFRS figures 1.235.167 100,0 0,0
UCB JAPAN Co LTD
Foreign company
Shinjuku Grand Tower, 8-17-1 Nishi-Shinjuku,
Shinjuku-ku, 160-0023, Tokyo, Japan		 31/12/2015 JPY 4.744.199.068 440.071.408
Ordinary shares - IFRS figures 69.980 100,0 0,0
UCB DE MEXICO S.A. de C.V.
Foreign company
Homero, 440 7° Floor, Col. Chapultepec
Morales, 11570 MEXICO D.F., Mexico		 31/12/2015 MXN 71.995.603 81.280.797
Ordinary shares - IFRS figures 51.449.999 100,0 0,0
UCB A.E. Foreign company 63, Agiou Dimitriou Street, 17456 Alimos, Athens, Oreece 31/12/2015 EUR 6.713.662 1.694.799

First - F2015 - 20 / 59

{20}------------------------------------------------

LIST OF PARTICIPATING INTERESTS AND SHARES (Continued)

Rights held by Data extracted from the most recent annual accounts
NAME, full address of the REGISTERED OFFICE and for an enterprise governed by Belgian direc tly subsidiar
ies		 Annual accounts as Capital and reserve Net result
law, the COMPANY IDENTIFICATION NUMBER Number % % per rency
code		 (+) of
(in uni
Ordinary shares - 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		 31/12/2015 EUR 2.632.940 -134.401
Ordinary shares - IFRS figures 59.999 100,0 0,0
UCB KOREA Co LTD
Foreign company
5th Fl. Grace Tower, 127, Teheran-ro, Seoul
135-911, Republic of Korea		 31/12/2015 KRW 14.055.569.547 4.175.040.325
Ordinary shares - IFRS figures 138.666 100,0 0,0
UCB TRADING (SHANGAI) CO LTD
Foreign company
Room 317, No. 439 Fu Te Xi Yi Road,
SHANGAI, China		 31/12/2015 CNY -3.221.567 17.028.432
Ordinary shares - IFRS figures 1 100,0 0,0
UCB PHARMA A.S. (TURKEY) Foreign company PallaDium Tower, Barbaros Mah., Kardelen Sok 2, Gerçekler Sitesi B, kavacik/Beykoz, 34805 ISTANBUL, Turkey 31/12/2015 TRY 39.129.515 12.342.976
Ordinary shares - IFRS figures 86.813 7,93 92,07
UCB INDIA PRIVATE Ltd
Foreign company
504, Peninsula Towers, Ganpatrao Kadam,
Marg, Lower Parel, 400013 MUMBAI, India		 31/12/2015 INR 694.932.374 2.529.196.091
Ordinary shares - IFRS figures 3.527 100,0 0,0
UCB S.R.O.
Foreign company
Thamova 13, 18600 PRAHA 8, Czech
Republic		 31/12/2015 CZK 81.201.833 -4.300.705
Ordinary shares - IFRS figures 12.300.600 100,0 0,0
UCB HUNGARY LTD
Foreign company
Obuda Gate Building,, Arpad Fejelum utja
26-28, 1023 BUDAPEST, Hungary		 31/12/2014 HUF 236.676.604 75.714.254
Shares - IFRS figures 148.000.000 100,0 0,0
UCB PHARMA Sp. z.o.o. (Poland)
Foreign company
Ul. Kruczkowskego 8, 00-380 WARSAWA,
Poland		 31/12/2015 PLN 59.062.662 14.737.626
Ordinary shares - IFRS figures 236.456 78,0 22,0

{21}------------------------------------------------

LIST OF PARTICIPATING INTERESTS AND SHARES (Continued)

Ordinary shares - IFRS figures 1 100,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0 Rights held by Data extracted from the most recent annual accounts
Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number Number N direc tly Net result
Foreign company Shurnalnaya str. bidg1 5, Moscow 1253645, Russian Federation Ordinary shares - IFRS figures 1 100,0 0.0 UCB Budgaria EOOD Foreign company Lyubata Str. Ft 4, Lozenetz, Sofia 1407, Bulgaria Ordinary shares - IFRS figures 500 100,0 0.0 UCB Foreign company Sate de Sciembro 67, sala 301, 2005005 Rio de Janeiro, Brazil UCB Farma Brasil Ltda Foreign company Sate de Sciembro 67, sala 301, 2005005 Rio de Janeiro, Brazil Ordinary shares - IFRS figures 427, 601.250 100,0 0.0 UCB Farma Logistics LLC Foreign company Shabolovka street 10 bulleting 2, Moscow 19048, Russian Federation Ordinary shares - IFRS figures 1 100,0 0.0 Uni-Mediflex Private Limited Foreign company 504, Peninsula Corporate Park Ganpatrao Kadam Marg. 400013 Mumbay, India Ordinary shares - IFRS figures 290,000 100,0 0.0 UCB GAMBH Foreign company Alfred Nobelstrasse 10, D 40789 MONHEIM, Germany Shares - IFRS figures 394,000 5.21 94,79 47,2015 EUR \$2,756,279 629,139,16 629,139,16 629,139,16 629,139,16 629,139,16 629,139,16 629,139,16 629,139,16 629,139,16 629,139,16 629,139,16 629,139,16 629,139,16 629,139,16 629,139,16 629,139,16 629,139,16 629,139,16 629,139,16 629,139,16 629,139,16 629,139,16 629,139,16 629,139,16 629,139,16 629,139,16 629,139,16 629,139,16 629,139,16 629,139,16 629,139,16 629,139,16 629,139,16 629,139,16 629,139,16 629,139,16 629,139,16 629,139,16 629,139,16 629,139,16 629,139,16 629,139,16 629,139,16 629,139,16 629,139,16 629,139,16 629,139,16 629,139,16 629,139,16 629,139,16 629,139,16 629,139,16 629,139,16 629,139,16 629,139,16 629,139,16 629,139,16 629,139,16 629,139,16 629,139,16 629,139,16 629,139,16 629,139,16 629,139,16 629,139,16 629,139,16 629,139,16 629,139,16 629,139,16 629,139,16 629,139,16 629,139,16 629,139,16 629,139,16 629,139,16 629,139,16 629,139,16 629,13 law, the COMPANY IDENTIFICATION NUMBER Number % % ,
UCB Bulgaria EOOD Foreign company Foreign company
Shturvalnaya str. bldg1 5, Moscow 1253645,
Russian Federation		 1 100.0 0.0 31/12/2015 RUB 138.416.005 56.588.244
UCB Farma Brasil Ltda 31/12/2015 BRL 281.383.281 2.940.03 Sete de Setembro 67, sala 301, 2005005 Rio de Janeiro, Brazil 427.601.250 100.0 0.0 31/12/2015 BRL 281.383.281 2.940.03 Ordinary shares - IFRS figures 427.601.250 100.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 UCB Bulgaria EOOD
Foreign company
Lyubata Str. Fl 4, Lozenetz, Sofia 1407,		 31/12/2015 BGN 501.534 106.332
Foreign company Sete de Setembro 67, sala 301, 2005005 Rio de Janeiro, Brazil Ordinary shares - IFRS figures 427.601.250 100.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Ordinary shares - IFRS figures 500 100,0 0,0
UCB Pharma Logistics LLC Foreign company Shabolovka street 10 building 2, Moscow 119048, Russian Federation Ordinary shares - IFRS figures 1 100.0 0.0 Uni-Mediflex Private Limited Foreign company So4, Peninsula Corporate Park Ganpatrao Kadam Marg, 400013 Mumbay, India Ordinary shares - IFRS figures 290.000 100.0 0.0 UCB GMBH Foreign company Alfred Nobelstrasse 10, D 40789 MONHEIM, Germany Shares - IFRS figures 394.000 5,21 94.79 UCB Trading Malaysia Sdn Bhd Foreign company The Gardens South Tower, Kuala Lumpur, Malaysia Ordinary shares - IFRS figures 400.000 100.0 0.0 UCB Trading (SG) Pte Ltd Foreign company Marina Boulevard 8, 018981 Singapore, Singapore Ordinary shares - IFRS figures 244.001 100.0 0.0 Dermira INC Foreign company Middlefield Rd Menlo Park 275, 94025 California, United States Foreign company
Sete de Setembro 67, sala 301, 2005005 Rio		 31/12/2015 BRL 281.383.281 2.940.036
Foreign company Shabolovka street 10 building 2, Moscow 119048, Russian Federation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0. Ordinary shares - IFRS figures 427.601.250 100,0 0,0
Uni-Mediflex Private Limited Foreign company S04, Peninsula Corporate Park Ganpatrao Kadam Marg, 400013 Mumbay, India Ordinary shares - IFRS figures 290.000 100.0 0.0 UCB GMBH Foreign company Alfred Nobelstrasse 10, D 40789 MONHEIM, Germany Shares - IFRS figures 394.000 5,21 94,79 94,79 UCB Trading Malaysia Sdn Bhd Foreign company The Gardens South Tower, Kuala Lumpur, Malaysia Ordinary shares - IFRS figures 400.000 100,0 0.0 UCB Trading (SG) Pte Ltd Foreign company Marina Boulevard 8, 018981 Singapore, Singapore 31/12/2015 SGD 239.534 502.72 Ordinary shares - IFRS figures 244.001 100.0 0.0 0.0 UCB Trading (SG) Pte Corporation Company Marina Boulevard 8, 018981 Singapore, Singapore 31/12/2015 SGD 239.534 502.72 California, United States 30/09/2015 USD 214.756.000 -47.248.00 California, United States 30/09/2015 USD 214.756.000 -47.248.00 California, United States 30/09/2015 USD 214.756.000 California, United States 30/09/2015 USD 214.756.000 California, United States 30/09/2015 USD 214.756.000 California, United States 30/09/2015 USD 214.756.000 California, United States 30/09/2015 USD 214.756.000 California, United States 30/09/2015 USD 214.756.000 California, United States 30/09/2015 USD 214.756.000 California, United States 30/09/2015 USD 214.756.000 California, United States 30/09/2015 USD 214.756.000 California, United States 30/09/2015 USD 214.756.000 California, United States 30/09/2015 USD 214.756.000 California, United States 30/09/2015 USD 214.756.000 California, United States 30/09/2015 USD 214.756.000 California, United States 30/09/2015 USD 214.756.000 California, United States 30/09/2015 USD 214.756.000 California, United States 30/09/2015 USD 214.756.000 California, United States 30/09/2015 USD 214.756.000 California, United States 30/09/2015 USD 214.7 Foreign company
Shabolovka street 10 building 2, Moscow
119048, Russian Federation		 1 100.0 0.0 31/12/2015 RUB -327.732.871 -123.142.766
Ordinary shares - IFRS figures 290.000 100,0 0,0 UCB GMBH Foreign company Alfred Nobelstrasse 10, D 40789 MONHEIM, Germany 31/12/2015 EUR 52.756.279 -629.139.16 Shares - IFRS figures 394.000 5,21 94,79 94,79 94,79 94,79 94,79 94,79 94,79 94,79 94,79 94,79 94,79 94,79 94,79 94,79 94,79 94,79 94,79 94,79 94,79 94,79 94,79 94,79 94,79 94,79 94,79 94,79 94,79 94,79 94,79 94,79 94,79 94,79 94,79 94,79 94,79 94,79 94,79 94,79 94,79 94,79 94,79 94,79 94,79 94,79 94,79 94,79 94,79 94,79 94,79 94,79 94,79 94,79 94,79 94,79 94,79 94,79 94,79 94,79 94,79 94,79 94,79 94,79 94,79 94,79 94,79 94,79 94,79 94,79 94,79 94,79 94,79 94,79 94,79 94,79 94,79 94,79 94,79 Uni-Mediflex Private Limited
Foreign company
504, Peninsula Corporate Park Ganpatrao		 04/40/0045 (A)(D) 7 000 004
UCB GMBH Foreign company Alfred Nobelstrasse 10, D 40789 MONHEIM, 31/12/2015 EUR 52.756.279 -629.139.16 Shares - IFRS figures 394.000 5,21 94,79 UCB Trading Malaysia Sdn Bhd 400.000 5,21 94,79 The Gardens South Tower, Kuala Lumpur, Malaysia 31/12/2015 EUR 219.917 1.294.53 Ordinary shares - IFRS figures 400.000 100,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 400.0 0.0 31/12/2015 INK 7.832.091 0
UCB Trading Malaysia Sdn Bhd Foreign company The Gardens South Tower, Kuala Lumpur, 31/12/2015 EUR 219.917 1.294.53 Ordinary shares - IFRS figures 400.000 100,0 0,0 UCB Trading (SG) Pte Ltd Foreign company 31/12/2015 SGD 239.534 502.72 Ordinary shares - IFRS figures 244.001 100,0 0,0 0,0 0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 UCB GMBH
Foreign company
Alfred Nobelstrasse 10, D 40789 MONHEIM,		 290.000 100,0 0,0 31/12/2015 EUR 52.756.279 -629.139.165
Foreign company The Gardens South Tower, Kuala Lumpur, Malaysia Ordinary shares - IFRS figures UCB Trading (SG) Pte Ltd Foreign company Marina Boulevard 8, 018981 Singapore, Singapore Ordinary shares - IFRS figures 244.001 Dermira INC Foreign company Middlefield Rd Menlo Park 275, 94025 California, United States Salva 219.917 1.294.53 31/12/2015 EUR 219.917 1.294.53 31/12/2015 SGD 239.534 502.72 31/12/2015 SGD 239.534 502.72 30/09/2015 USD 214.756.000 -47.248.00 Shares - IFRS figures 394.000 5,21 94,79
UCB Trading (SG) Pte Ltd Foreign company Marina Boulevard 8, 018981 Singapore, Singapore Ordinary shares - IFRS figures Dermira INC Foreign company Middlefield Rd Menlo Park 275, 94025 California, United States 31/12/2015 SGD 239.534 502.72 31/12/2015 SGD 239.534 502.72 31/12/2015 USD 214.756.000 -47.248.00 Foreign company The Gardens South Tower, Kuala Lumpur, 31/12/2015 EUR 219.917 1.294.530
Foreign company Marina Boulevard 8, 018981 Singapore, Singapore Ordinary shares - IFRS figures 244.001 100,0 0,0 Dermira INC Foreign company Middlefield Rd Menlo Park 275, 94025 California, United States 31/12/2015 SGD 239.534 502.72 31/12/2015 USD 239.534 502.72 30/09/2015 USD 214.756.000 -47.248.00 Ordinary shares - IFRS figures 400.000 100,0 0,0
Dermira INC Foreign company Middlefield Rd Menlo Park 275, 94025 California, United States 30/09/2015 USD 214.756.000 -47.248.00 Foreign company
Marina Boulevard 8, 018981 Singapore,		 31/12/2015 SGD 239.534 502.720
Foreign company Middlefield Rd Menlo Park 275, 94025 California, United States 30/09/2015 USD 214.756.000 -47.248.00 Ordinary shares - IFRS figures 244.001 100,0 0,0
Ordinary shares - IERS figures 1 841 234 6 16 0.0 Foreign company
Middlefield Rd Menlo Park 275, 94025		 30/09/2015 USD 214.756.000 -47.248.000
Ordinary snares - II No ligures 1.041.234 0,10 0,0 Ordinary shares - IFRS figures 1.841.234 6,16 0,0

{22}------------------------------------------------

LIST OF PARTICIPATING INTERESTS AND SHARES (Continued)

Rights held by Data extracted from the most recent annual accounts
NAME, full address of the REGISTERED OFFICE and for an enterprise governed by Belgian direc tly subsidiar
ies		 Annual Cur- Capital and reserve Net result
law, the COMPANY IDENTIFICATION NUMBER Number % % accounts as per rency
code		 (+) of
(in uni
UCB Manufacturing Ireland Ltd.
Foreign company
Shannon Industrial Estate, , Ireland		 31/12/2015 EUR 368.663.374 478.201.549
Classe A shares - IFRS figures 1.400.000 100,0 0,0
Deferred ordinary shares 800.000 100,0 0,0
UCB Trading (Thailand) Ltd.
Foreign company
Sathorn Square 98, , Thailand		 31/12/2015 THB 100.000.000 5.701.513
Ordinary shares - IFRS figures 19.999.998 100,0 0,0
UCB Pharmaceuticals (Taiwan) Ltd
Foreign company		 04/40/0045 TIME 22.040.666 F2 422 0F2
Nanjing E. Road 287, , China-Taiwan
Ordinary shares - IFRS figures		 1 100,0 0,0 31/12/2015 TWD 23.940.666 52.123.952

{23}------------------------------------------------

OTHER INVESTMENTS AND DEPOSITS, ALLOCATION DEFERRED CHARGES AND ACCRUED INCOME

Codes Period Preceding period
INVESTMENTS: OTHER INVESTMENTS AND DEPOSITS
Shares 51 7.784 7.784
Book value increased with the uncalled amount 8681 7.784 7.784
Uncalled amount 8682
Fixed income securities 52
Fixed income securities issued by credit institutions 8684
Fixed term accounts with credit institutions 53
With residual term or notice of withdrawal
up to one month 8686
between one month and one year 8687
over one year 8688
Other investments not mentioned above 8689 11.838.398 87.118.341
Period
DEFERRED CHARGES AND ACCRUED INCOME
Allocation of heading 490/1 of assets if the amount is significant
Accrued interests 19.914.802
Deferred interests 64.167
Other deferred charges 247.274

{24}------------------------------------------------

Nr.

BE 0403.053.608

STATEMENT OF CAPITAL AND SHAREHOLDING STRUCTURE

Codes Period t Preceding period
STATEMENT OF CAPITAL
Social canital
Social capital Issued capital at the end of the period 100P xxxxxxxxxx xxxxx 583.516.974
Issued capital at the end of the period (100) 583.51
( )
Codes Value ! Number of shares
Changes during the period
Structure of the capital
Different categories of shares
Ordinary shares 583.51 6.974 194.505.658
D :: 11 0700 66 400 705
Registered sharesShares to bearer and/or dematerialized 8702
8703		 XXXXXXXXXX 66.402.705
128.102.953
Shares to bearer and/or dematerialized 0703 ********* * 120.102.300
Codes Uncalled ar mount Capital called but not
00000 O nounou un paid
Capital not paid
Uncalled capital (101) XXXXXXXXXXXXX
Called up capital, unpaid 8712 XXXXXXXXX XXXXX
Shareholders having yet to pay up in full
Codes Period
Own shares
Held by the company itself
Amount of capital held 8721 189.521.478
Corresponding number of shares 8722 4.008.213
Held by the subsidiaries
Amount of capital held 8731 121.078.275
Corresponding number of shares 8732 2.242.009
Commitments to issue shares
Owing to the exercise of conversion rights 8740
Amount of outstanding convertible loans 8741
Amount of capital to be subscribed
Corresponding maximum number of shares to be issued 8742
Owing to the exercise of subscription rights 0745
Number of outstanding subscription rights 8745
Amount of capital to be subscribed 8746
Corresponding maximum number of shares to be issued 8747
Authorized capital not issued 8751

{25}------------------------------------------------

Nr. BE 0403.053.608 F 5.7
----- ----------------- -- ------- --
Codes Period
Shares issued, non representing capital
Distribution
Number of shares 8761
Number of voting rights attached thereto 8762
Allocation by shareholder
Number of shares held by the company itself 8771
Number of shares held by its subsidiaries 8781

STRUCTURE OF SHAREHOLDINGS OF THE ENTERPRISE AT YEAR-END CLOSING DATE, AS IT APPEARS FROM THE STATEMENTS RECEIVED BY THE ENTERPRISE

See next page.

{26}------------------------------------------------

Notifications received pursuant to the law of 2 May 2007 on disclosure of large shareholdings
Last update: 31 December 2015 Situation as per
Share capital
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% 18 December 2015
2 Schwarz Vermögensverwaltung GmbH Co. KG ('Schwarz')
securities carrying voting rights (shares) 2,471,404 1.27% 13 March 2014
Tubize + Schwarz(3)
securities carrying voting rights (shares) 70,548,385 36.27%
3 UCB SA/NV
securities carrying voting rights (shares) 4,008,213 2.06% 31 December 2015
assimilated financial instruments (options)(1) 1,000,000 0.51% 17 November 2015
assimilated financial instruments (other)(1) 0 0.00% 18 December 2015
total 5,008,213 2.57%
4 UCB Fipar SA
securities carrying voting rights (shares) 2,242,009 1.15% 31 December 2015
assimilated financial instruments (options)(1) 435,000 0.22% 03 June 2015
assimilated financial instruments (other)(1) 0 0.00% 25 December 2015
total 2,677,009 1.38%
UCB SA/NV + UCB Fipar SA(2) 7,685,222 3.95%
securities carrying voting rights (shares) 6,250,222 3.21%
assimilated financial instruments (options)(1) 1,435,000 0.74%
assimilated financial instruments (other)(1) 0 0.00%
Free float(4) (securities carrying voting rights (shares)) 117,707,051 60.52%
5 Capital Research and Management Company
(subsidiary of The Capital Group Companies Inc.)		 13 November 2015
securities carrying voting rights (shares) 19,462,506 10.01%
6 Vanguard Health Care Fund
securities carrying voting rights (shares) 9,741,353 5.01% 28 October 2014
7 BlackRock, Inc.
securities carrying voting rights (shares) 5,964,748 3.07% 30 November 2015

(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 of the Royal Decree of February 14, 2008 on the disclosure of large shareholders, which, if exercised, grant an additional voting right: i.e., securities, options, futures, swaps, interest term agreements and other derivatives concerning existing securities carrying voting rights that grant their holder the right to acquire such securities carrying voting rights pursuant to an agreement that is binding under the applicable law and only on the holders' own initiative.

(2) UCB SA/NV indirectly controls UCB Fipar SA | art. 6, §5, 2° and art. 9, §3, 2° of the law on the disclosure of large shareholdings.

(3) Tubize and Schwarz have declared to be acting in concert | art. 6, §4 and 9, §3, 3° of the law on the disclosure of large shareholdings.

(4)Free float being the UCB shares not held by the reference shareholder (Tubize), Schwarz, UCB SA/NV or UCB Fipar SA. Only securities carrying voting rights (shares) held by these entities are taken into account for this calculation, to the exclusion of assimilated financial instruments.

{27}------------------------------------------------

PROVISIONS FOR OTHER LIABILITIES AND CHARGES

Period
ANALYSIS OF THE HEADING 163/5 OF LIABILITIES IF THE AMOUNT IS SIGNIFICANT
Stock awards provisions 29.323.621
Stock options provisions 20.903.310
Stock appreciation rights provisions 4.749.715
Restructuring provisions 627.000

{28}------------------------------------------------

BE 0403.053.608 F 5.9

STATEMENT OF AMOUNTS PAYABLE, ACCRUED CHARGES AND DEFERRED INCOME

Nr.

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 800.000.000
Subordinated loans 8811 300.000.000
Unsubordinated debentures 8821 500.000.000
Leasing and other similar obligations 8831
Credit institutions 8841
Other loans 8851
Trade debts 8861
Suppliers 8871
Bills of exchange payable 8881
Advance payments received on contract in progress 8891
Other amounts payable 8901
(40)
Total current portion of amounts payable after more than one year falling due within one year (42) 800.000.000
Amounts payable with a remaining term of more than one but not more than five years
Financial debts 8802 325.000.000
Subordinated loans 8812
Unsubordinated debentures 8822 325.000.000
Leasing and other similar obligations 8832 0_0.000.000
Credit institutions 8842
Other loans 8852
Trade debts 8862
Suppliers 8872
Bills of exchange payable 8882
Advance payments received on contracts in progress 8892
Other amounts payable 8902 17.756.308
Total amounts payable with a remaining term of more than one but not more than five years 8912 342.756.308
Amounts payable with a remaining term of more than five years
Financial debts 8803 967.747.186
Subordinated loans 8813
Unsubordinated debentures 8823 875.717.000
Leasing and other similar obligations 8833
Credit institutions 8843
Other loans 8853 92.030.186
Trade debts 8863
Suppliers 8873
Bills of exchange payable 8883
Advance payments received on contracts in progress 8893
Other amounts payable 8903
Total amounts payable with a remaining term of more than five years 8913 967.747.186

{29}------------------------------------------------

۱r. BE 0403.053.608 F 5.9
----- ----------------- -- ------- --
Codes Period
GUARANTEED AMOUNTS PAYABLE (included in headings 17 and 42/48 of the liabilities)
Amounts payable guaranteed by Belgian public authorities
Financial debts 8921
Subordinated loans 8931
Unsubordinated debentures 8941
Leasing and similar obligations 8951
Credit institutions 8961
Other loans 8971
Trade debts 8981
Suppliers 8991
Bills of exchange payable 9001
Advance payments received on contracts in progress 9011
Remuneration and social security 9021
Other amounts payable 9051
Total amounts payable guaranteed by Belgian public authorities 9061
Amounts payable guaranteed by real securities or irrevocably promised by the enterprise on its own assets
Financial debts 8922
Subordinated loans 8932
Unsubordinated debentures 8942
Leasing and similar obligations 8952
Credit institutions 8962
Other loans 8972
Trade debts 8982
Suppliers 8992
Bills of exchange payable 9002
Advance payments received on contracts in progress 9012
Taxes, remuneration and social security 9022
Taxes 9032
Remuneration and social security 9042
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 of the liabilities)
Outstanding tax debts 9072
Accruing taxes payable 9073 7.320.649
Estimated taxes payable 450 12.660
Remuneration and social security (heading 454/9 of the liabilities)
Amounts due to the National Social Security Office 9076
Other amounts payable in respect of remuneration and social security 9077 7.435.202

{30}------------------------------------------------

Period
ACCRUALS AND DEFERRED INCOME
Allocation of heading 492/3 of liabilities if the amount is significant
Accrued interests 48.387.575
Other accrued charges 1.431.193
Deferred interests 7.146.323
Stock options recharges 20.572.863

{31}------------------------------------------------

F 5.10

OPERATING RESULTS

Codes Period Preceding period
OPERATING INCOME
Net turnover
Allocation by categories of activity
Allocation into geographical markets
•••••
Other operating income
Operating subsidies and compensatory amounts received from public authorities 740
autionities , 40
OPERATING CHARGES
Employees for whom the entreprise submitted a DIMONA declaration or who are recorded in the general personnel register
Total number at the closing date 9086 136 120
Average number of employees calculated in full-time equivalents 9087 134,1 122,6
Number of actual worked hours 9088 217.256 197.465
Personnel costs
Remuneration and direct social benefits 620 20.130.168 21.027.956
Employers' contribution for social security 621 5.105.961 4.314.426
Employers' premiums for extra statutory insurance 622 4.144.788 2.082.208
Other personnel costs(+)/(-) 623 46.830.466 35.521.412
Retirement and survivors' pensions 624 12.197 23.438
Provisions for pensions and other similar rights
Appropriations (uses and write-backs)(+)/(-) 635 -428.677 -1.089.211
Amounts written off
Stocks and contracts in progress
Recorded 9110
Written back 9111
Trade debts
Recorded 9112 2.847
Written back 9113 5.002
Provisions for liabilities and charges _
Additions 9115 5.997.572
Uses and write-backs 9116 428.677 4.107.115
Other operating charges
Taxes related to operation 640 1.115.586 10.702.327
Other costs 641/8 488.448 23.831
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 0,9 1,4
Number of actual worked hours 9098 1.767 2.754
Costs to the enterprise 617 46.178 84.396

{32}------------------------------------------------

Nr. BE 0403.053.608 F 5.11
----- ----------------- -- --------

FINANCIAL AND EXTRAORDINARY RESULTS

Codes Period Preceding period
FINANCIAL RESULTS
Other financial income Subsidies granted by public authorities and recorded as income for the period 0405
Capital subsidies 9125
9126
Allocation of other financial income 9120
Foreign exchange 39.024.537 20.900.962
Interests on derivatives 0 1.368.264
Gains on disposal of equity securities 473.374 4.096.951
Depreciation of loan issue expenses and reimbursement premiums 6501 2.085.433 5.057.397
Capitalized Interests 6503
Amounts written off current assets Recorded 6510
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 6560
Appropriations 6561
0501
Allocation of other financial charges 44 EEO 440 22.050.004
Foreign exchange(+)/(-) 41.553.148 22.050.901
Bank charges(+)/(-) 152.498 161.414
Various bank charges(+)/(-) 159.848 0
Period
EXTRAORDINARY RESULTS
Allocation of other extraordinary income
Allocation of other extraordinary charges

{33}------------------------------------------------

INCOME TAXES AND OTHER TAXES

Codes Period
INCOME TAXES
Income taxes on the result of the period 9134 873.328
Income taxes paid and withholding taxes due or paid 9135 860.668
Excess of income tax prepayments and withholding taxes paid recorded under assets 9136
Estimated additional taxes 9137 12.660
Income taxes on the result of prior periods 9138 62.604
Additional income taxes due or paid 9139 62.604
Additional income taxes estimated or provided for 9140
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
(+)/(-)
Loss on shares		 37.739.759
Foreign taxes(+)/(-) -860.668
(+)/(-)
Taxed provisions		 6.195.894
Dividend received deduction
(+)/(-) -216.482.739
Disallowed expenses(+)/(-) 830.373

Impact of extraordinary results on the amount of the income taxes relating to the current period

Codes Period
Status of deferred taxes
Deferred taxes representing assets
Accumulated tax losses deductible from future taxable profits
Other deferred taxes representing assets		 9141
9142		 178.353.904
Dividend received deduction 178.353.904


Deferred taxes representing liabilities
Allocation of deferred taxes representing liabilities		 9144


Codes Period Preceding period
VALUE ADDED TAXES AND OTHER TAXES BORNE BY THIRD PARTIES
Value added taxes charged
To the enterprise (deductible) 9145 9.136.334 6.688.592
By the enterprise 9146 5.777.403 3.495.415
Amounts withheld on behalf of third party
For payroll withholding taxes 9147 13.890.343 10.396.311
For withholding taxes on investment income 9148 27.724.660 26.061.358

{34}------------------------------------------------

Nr. BE 0403.053.608 F 5.13
----- ----------------- -- --------

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 9161
Amount of registration 9171
Pledging of goodwill - Amount of the registration 9181
Pledging of other assets - Book value of other assets pledged 9191
Guarantees provided on future assets - Amount of assets involved 9201
Real guarantees provided or irrevocably promised by the enterprise on its own assets as
security of debts and commitments of third parties
Mortgages
Book value of the immovable properties mortgaged 9162
Amount of registration 9172
Pledging of goodwill - Amount of the registration 9182
Pledging of other assets - Book value of other assets pledged 9192
Guarantees provided on future assets - Amount of assets involved 9202
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) 9213
Goods sold (to be delivered) 9214
Currencies purchased (to be received) 9215 35.951.578
Currencies sold (to be delivered) 9216 35.951.578

{35}------------------------------------------------

Nr. BE 0403.053.608 F 5.13
COMMITMENTS RELATING TO TECHNICAL GUARANTEES IN RESPECT OF SALES OR SERVICES
INFORMATION CONCERNING IMPORTANT LITIGATION AND OTHER COMMITMENTS
BRIEF DESCRIPTION OF SUPPLEMENT RETIREMENT OR SURVIVORS PENSION PLAN IN FAVOUR OF THE PERSONNEL OR THE
EXECUTIVES OF THE ENTERPRISE AND OF THE 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

NATURE AND COMMERCIAL OBJECTIVE OF TRANSACTIONS NOT REFLECTED IN THE BALANCE SHEET
these transactions for the company have also to be mentioned 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; if need arises, the financial consequences of
OTHER RIGHTS AND COMMITMENTS NOT REFLECTED IN THE BALANCE SHEET

{36}------------------------------------------------

RELATIONSHIPS WITH AFFILIATED ENTERPRISES AND ENTERPRISES LINKED BY PARTICIPATING INTERESTS

Codes Period Preceding period
AFFILIATED ENTERPRISES
Financial fixed assets (280/1) 7.711.460.994 7.249.783.366
Participating interests (280) 7.711.460.994 7.249.783.366
Subordinated amounts receivable 9271
Other amounts receivable 9281
2004 4 070 0 40 000 4 005 450 0 40
Amounts receivable from affiliated enterprises 9291 1.073.248.688 1.625.459.248
Over one year 9301 1.048.711.945 1.559.243.657
Within one year 9311 24.536.743 66.215.591
Current investments 9321
Shares 9331
Amounts receivable 9341
Amounts payable 9351 262.043.899 744.657.311
Over one year 9361
Within one year 9371 262.043.899 744.657.311
Personal and real guarantees Provided or irrevocably promised by the enterprise as security for debts or commitments of affiliated enterprises 9381
9391
9401
Other significant financial commitments 9401
Financial results 0404 050 047 504 447.050.044
Income from financial fixed assets 9421 250.617.521 117.656.011
Income from current assets 9431 90.529.017 131.283.562
Other financial income 9441 10.243.066 11.290.094
Debt charges 9461 2.992.746 1.638.144
Other financial charges 9471 7.492.628 3.799.659
Disposal of fixed assets
Capital gains obtained 9481
Capital losses suffered 9491
ENTERPRISES LINKED BY PARTICIPATING INTERESTS
Financial fixed assets (282/3) 15.126.591 23.107.399
Participating interests (282) 15.126.591 23.107.399
Subordinated amounts receivable 9272
Other amounts receivable 9282
Amounts receivable 9292
Over one year 9302
Within one year 9312
Amounts payable 9352
Over one year 9362
Within one year 9372
vvicini one year 0012

{37}------------------------------------------------

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
None 0

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

{38}------------------------------------------------

Nr. BE 0403.053.608 F 5.15
----- ----------------- -- --------

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
Guarantees provided in their favour 9501
Main conditions of these guarantees

Other significant commitments undertaken in their favour		 9502
Main conditions of the other commitments

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
To former directors and former managers 9504
Codes Period
AUDITORS OR PEOPLE THEY ARE LINKED TO 9505 417.750
Auditor's fees
Fees for exceptional services or special missions executed in the company by the auditor
Other attestation missions
Tax consultancy		 95061
95062		 98.200
Other missions external to the audit 95063 41.763
Fees for exceptional services or special missions executed in the company by people they are
linked to
Other attestation missions
Tax consultancy		 95081
95082
Other missions external to the audit 95083

Mentions related to article 133, paragraph 6 from the Companies Code

{39}------------------------------------------------

Nr. BE 0403.053.608 F 5.16
----- ----------------- -- --------

DERIVATIVES NOT MEASURED AT FAIR VALUE

Period
FAIR VALUE OF FINANCIAL DERIVATIVES NOT MEASURED AT FAIR VALUE WITH INDICATION ABOUT THE NATURE AND THE VOLUME OF THE INSTRUMENTS
Hedging stock options - call options(+)/(-) 64.731.668
Gains on swap currencies(+)/(-) 189.968

{40}------------------------------------------------

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

{41}------------------------------------------------

Nr. BE 0403.053.608 F 6

SOCIAL BALANCE SHEET

Number of joint industrial committee: 207

STATEMENT OF THE PERSONS EMPLOYED

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

During the current period Total 1.
Men		 2.
Women
Average number of employees
Full-time 1001 121,5 54,0 67,5
Part-time 1002 15,6 2,0 13,6
Total in full-time equivalents 1003 134,1 55,6 78,5
Number of hours actually worked
Full-time 1011 196.440 86.968 109.472
Part-time 1012 20.816 2.764 18.052
Total 1013 217.256 89.732 127.524
Personnel costs
Full-time 1021 68.909.324 30.507.565 38.401.759
Part-time 1022 7.302.059 969.585 6.332.474
Total 1023 76.211.383 31.477.150 44.734.233
Advantages in addition to wages 1033
During the preceding period Codes P.
Total		 1P. Men 2P. Women
Average number of employees in FTE 1003 122,6 54,8 67,8
Number of hours actually worked 1013 197.465 87.244 110.221
Personnel costs 1023 62.946.001 27.810.807 35.135.194
Advantages in addition to wages 1033
During the preceding period Codes P.
Total		 1P. Men 2P. Women
Average number of employees in FTE 1003 122,6 54,8 67,8
Number of hours actually worked 1013 197.465 87.244 110.221
Personnel costs 1023 62.946.001 27.810.807 35.135.194
Advantages in addition to wages 1033

{42}------------------------------------------------

Nr. BE 0403.053.608 F 6
----- ----------------- -- ----- -- --

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

At the closing date of the period Codes 1.
Full-time		 2.
Part-time		 3.
Total full-time
equivalents
Number of employees 105 121 15 131,4
By nature of the employment contract
Contract for an indefinite period 110 115 15 125,4
Contract for a definite period 111 6 6,0
Contract for the execution of a specifically assigned work 112
Replacement contract 113
According to gender and study level
Men 120 52 2 53,6
primary education 1200
secondary education 1201
higher non-university education 1202 2 1 2,8
university education 1203 50 1 50,8
Women 121 69 13 77,8
primary education 1210
secondary education 1211 1 0,9
higher non-university education 1212 5 7 10,8
university education 1213 64 5 66,1
By professional category
Management staff 130 12 12,0
Employees 134 109 15 119,4
Workers 132
Others 133

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

During the period Codes 1.
Hired
temporary staff		 2.
Persons placed
at the
enterprise's
disposal
Average number of persons employed 150 0,9
Number of hours actually worked 151 1.767
Costs for the enterprise 152 46.178

{43}------------------------------------------------

LIST OF PERSONNEL MOVEMENTS DURING THE PERIOD

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 37 37,0
By nature of employment contract
Contract for an indefinite period 210 35 35,0
Contract for a definite period 211 2 2,0
Contract for the execution of a specifically assigned work 212
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 37 37,0
By nature of employment contract
Contract for an indefinite period 210 35 35,0
Contract for a definite period 211 2 2,0
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
By nature of employment contract
By reason of termination of contract
the number of persons who continue to render services to
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 20 1 20,4
By nature of employment contract
Contract for an indefinite period 310 12 12,0
Contract for a definite period 311 8 1 8,4
Contract for the execution of a specifically assigned work 312
Replacement contract 313
By reason of termination of contract
Retirement 340 1 1,0
Unemployment with extra allowance from enterprise 341
Dismissal 342 6 6,0
Other reason 343 13 1 13,4
the number of persons who continue to render services to
the enterprise at least half-time on a self-employed basis		 350

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INFORMATION ON TRAINING PROVIDED TO EMPLOYEES DURING THE PERIOD

Codes Men Codes Women
Total of initiatives of formal professional training at the expense of the
employer
Number of employees involved 5801 43 5811 70
Number of actual training hours 5802 138 5812 332
Net costs for the enterprise 5803 7.590 5813 18.242
of which gross costs directly linked to training 58031 7.590 58131 18.242
of which fees paid and paiments to collective funds 58032 58132
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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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.

R & D costs have been transferred to intangible fixed assets at their purchase or cost price. In order to make results of the previous years comparable, R & D costs capitalized have been wholly depreciated as a charge against current profits but the difference between the actual amount of depreciation taken in the year and the gross amount capitalized has been treated as a write-back of depreciation in the exceptional profits.

Since 1984, a depreciation rate has been applied to these costs not exceeding that of reducing depreciation based on a life of four years, being in practice 50 % in the first year and 25 % in the second and third years.

From 1990, a straight line depreciation rate of 33,33 % has been applied to these costs, based on a three year life considering "prorata temporis".

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.

Since 2003, costs of new acquisitions haven been depreciated on a "prorata temporis" basis.

III. Tangible fixed assets.

Fixed assets purchased from third parties have been included in the assets on the balance sheet at

{46}------------------------------------------------

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 %

Assets in the course of construction at the rate of the item and provided for to which they will be transferred In specific economical circumstances, write-off can be increased.

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 exceptional profits and losses.

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 exceptional profits and losses.

V. Stocks.

Bought-in items, both raw materials and supplies, have been valued at cost price or at market price, if the latter is lower. The purchase price includes the value of the purchases increased by import duties or excise taxes, transport costs and taxes not recoverable and, where appropriate, unloading costs.

Write-offs are made annually on slow moving spares in order to achieve on a cumulative basis the same percentage write-off as depreciation on the corresponding tangible fixed assets. The annual charge may, however, not exceed 10 % of the value of the stock of these items at the end of the year.

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Work in progress and finished goods have been valued at industrial cost, that is excluding general charges (other than factory overheads), depreciation and financial charges. This value has been reduced to likely selling prices, less related sales costs, if these are lower.

Marketable goods have been valued at their cost price or at market price at the end of the year, if the latter is lower. The purchase price of major raw materials and consumable stores, including those incorporated in work in progress and finished goods,

has been fixed in accordance with the LIFO method. The purchase price of other stocks has been fixed in accordance with the FIFO method.

VI. 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.

VII. Assets and commitments in foreign currencies.

Non-monetary assets and liabilities (for example stocks, buildings and shareholdings), resulting from an operation in foreign currencies, have been, and will continue to be, entered into the accounts at their acquisition value in Euro resulting from the conversion of the amount in foreign currency at the rate of exchange in force at the day on which the operation was done (historic rate).

This rule also applies to the conversion into Euro of monetary receivables and payables expresses in foreign currency. At the end of the year, however, the counter value in Euro of these items is subject to revaluation on the basis of the average spot market price, at the date to which the accounts are made up. The differences in conversion resulting from these revaluations are grouped together by currency.

In order to facilitate the administrative and accounting treatment of the unrealized foreign exchange gains and losses during the closing process and to align the statutory valuation rules under BEGAAP to the group accounting policies under the international financial reporting standards (IFRS), and hence to facilitate the comparison with IFRS, the Board approved to change the current valuation rules, resulting in a full and immediate recognition of both unrealized gains and losses into the income statement.

The new accounting treatment is in the best interest of the Company and is not in contravention of the Company's objectives, Articles of Association and other constitutional documents, and any laws or other obligations of the Company.

As a result of this change, an unrealized gain of 227.466€ has been recognized directly into the income statement.

VIII. 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.

{48}------------------------------------------------

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 ;
  • 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.

IV. Sale of bearer securities automatically by force of law

On 1 January 2014, the remaining UCB bearer shares were by force of law automatically converted into dematerialized shares.

During 2015, UCB SA/NV organized the sale of all unclaimed bearer shares on Euronext Brussels in accordance with the Law of 14 December 2005. The net proceeds of the sale amounting to € 6 million (representing 89 671 unclaimed bearer shares, valued at the net proceeds of the sales on Euronext Brussels between 16 and 18 June 2015) have been transferred to the Belgian Deposit and Consignments Fund ("Caisse des dépôts et consignations" / "Deposito- en Consignatiekas"). After 31 December 2015, the rightful owners of the underlying bearer shares will have the right to claim the payment of the corresponding net proceeds from the Belgian Deposit and Consignment Fund subject to evidence of their valid title to the shares.

The certified auditor has issued a report on the compliance with legal requirements.

SUPPLEMENTARY INFORMATION

  1. Major events after the balance sheet date

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On 27 January 2016, the Company notified the bondholders of the € 300 million subordinated perpetual bond issued in March 2011 that it exercised his option to early redeem the securities in whole at the first call date, i.e. 18 March 2016. As a result of this notification, the total amount of the perpetual bond was moved from amounts payable over one year to amounts payable within one year on the balance sheet.

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