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

ANNUAL ACCOUNTS AND/OR OTHER DOCUMENTS TO BE FILED IN ACCORDANCE WITH THE BELGIAN COMPANIES AND ASSOCIATIONS CODE

IDENTIFICATION DETAILS (at the filing date)

NAME: UCB SA
Legal form: Public limited company
Address: Allée de la Recherche		Nr.:60 Box:
Postal code: 1070 Town: Anderlecht
Country: Belgium
Register of legal persons – Commercial court: Brussels, French-s	peaking
Website ¹ :
E-mail address ¹ :
C	Company registration number	0403.053.608
DATE 19 / 05 / 2022 of filing the most recent do the deed of incorporation and of the deed of amendment of the This filing concerns:	ocument mentioning the date of articles of association.
X the ANNUAL ACCOUNTS in EUR approved by the	general meeting of	25 / 04 / 2024
X the OTHER DOCUMENTS
regarding
the financial year covering the period from	01 01 20 23 to	31 / 12 / 2023
the preceding period of the annual accounts from 01 / 01 / 2022 to 31 / 12 / 2022
The amounts for the preceding period are //axx/wat2 identica	al to the ones previously publishe	d.
Total number of pages filed:

¹ Optional mention. Jean-Christoph

Jean-Christophe TELLIER
Director

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

Nr. F-cap 2.1 0403.053.608

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

Jan BERGER Director

c/o UCB S.A. Allée de la Recherche 60, 1070 Anderlecht, Belgium 27/04/2023 - 29/04/2027

Maëlys CASTELLA Director

c/o Allée de la Recherche 60, 1070 Anderlecht, Belgium 27/04/2023 - 29/04/2027

Kay DAVIES Director

c/o UCB S.A. Allée de la Recherche 60, 1070 Anderlecht, Belgium 28/04/2022 - 30/04/2026

Albrecht DE GRAEVE c/o UCB S.A. Allée de la Recherche 60, 1070 Anderlecht, Belgium Director 29/04/2021 - 24/04/2025

Fiona du MONCEAU c/o UCB S.A. Allée de la Recherche 60, 1070 Anderlecht, Belgium Director 29/04/2021 - 24/04/2025

Susan GASSER c/o UCB S.A. Allée de la Recherche 60, 1070 Anderlecht, Belgium Director 29/04/2021 - 24/04/2025

Pierre GURDJIAN c/o UCB S.A. Allée de la Recherche 60, 1070 Anderlecht, Belgium Director 30/04/2020 - 25/04/2024

Charles-Antoine JANSSEN Director

c/o UCB S.A. Allée de la Recherche 60, 1070 Anderlecht, Belgium 30/04/2020 - 25/04/2024

Cyril JANSSEN c/o UCB S.A. Allée de la Recherche 60, 1070 Anderlecht, Belgium Director 27/04/2023 - 29/04/2027

Viviane MONGES c/o UCB S.A. Allée de la Recherche 60, 1070 Anderlecht, Belgium Director 29/04/2021 - 27/04/2023

Jonathan PEACOCK Chairman of the board of directors

Jean-Christophe TELLIER c/o UCB S.A. Allée de la Recherche 60, 1070 Anderlecht, Belgium Director 28/04/2022 - 30/04/2026

c/o UCB S.A. Allée de la Recherche 60, 1070 Anderlecht, Belgium 28/04/2022 - 30/04/2026

Ulf WIINBERG Director

c/o UCB S.A. Allée de la Recherche 60, 1070 Anderlecht, Belgium 30/04/2020 - 25/04/2024

Mazars Reviseurs d'Entreprises SRL Auditor

Nr.: 0428.837.889 Avenue du Boulevard 21 box 8, 1210 Saint-Josse-ten-Noode, Belgium 29/04/2021 - 25/04/2024

Represented by:

Anton NUTTENS Avenue du Boulevard 21 box 8, 1210 Saint-Josse-ten-Noode, Belgium

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

Cédric van RIJCKEVORSEL

Membership nr.: B00021

Membership nr.: A01892

09/03/2023 - 24/04/2025

Director

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

Nr.	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)

First - F-cap2022 - 3 / 55

Strike out what is not applicable.

Optional information.

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

ANNUAL ACCOUNTS

BALANCE SHEET AFTER APPROPRIATION

	Discl.	Codes	Period	Preceding period
ASSETS
Formation expenses	6.1	20	6.225.270	5.766.263
FIXED ASSETS		21/28	9.430.355.447	9.437.137.959
Intangible fixed assets	6.2	21	20.847	31.661
Tangible fixed assets	6.3	22/27	38.252.119	39.701.620
Land and buildings		22	31.676.874	27.103.309
Plant, machinery and equipment		23	1.249.239	1.350.868
Furniture and vehicles		24	2.653.373	3.539.122
Leasing and similar rights		25
Other tangible fixed assets		26
Assets under construction and advance payments		27	2.672.633	7.708.321
Financial fixed assets6.4/6.5.1		28	9.392.082.481	9.397.404.678
Affiliated enterprises	6.15	280/1	9.392.033.200	9.397.355.397
Participating interests		280	9.392.033.200	9.397.355.397
Amounts receivable		281
Enterprises linked by participating interests	6.15	282/3
Participating interests		282
Amounts receivable		283
Other financial assets		284/8	49.281	49.281
Shares		284	49.281	49.281
Amounts receivable and cash guarantees		285/8

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

Disc	. Codes	Period	Preceding period
CURRENT ASSETS	29/58	3.627.946.854	3.542.232.922
Amounts receivable after more than one year	29	2.975.520.699	2.965.834.420
Trade debtors	290
Other amounts receivable	291	2.975.520.699	2.965.834.420
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	36
Contracts in progress	37
Amounts receivable within one year	40/41	87.725.670	14.926.151
Trade debtors	40	19.219.130	14.214.241
Other amounts receivable	41	68.506.540	711.910
Current investments 6.5.1/6.0	50/53	456.934.829	457.017.334
Own shares	50	394.781.764	410.490.233
Other investments	51/53	62.153.065	46.527.101
Cash at bank and in hand	54/58	39.161.262	13.632.702
Deferred charges and accrued income 6.6	490/1	68.604.394	90.822.315
TOTAL ASSETS	20/58	13.064.527.571	12.985.137.144

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

	Discl.	Codes	Period	Preceding period
EQUITY AND LIABILITIES
EQUITY		10/15	8.928.722.011	8.912.700.512
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	6.253.694.587
Reserves not available		130/1	453.133.462	468.841.930
Legal reserve		130	58.351.697	58.351.697
Reserves statutorily not available		1311
Aquisition of own shares		1312	394.781.765	410.490.233
Financial support		1313
Other		1319
Untaxed reserves		132
Available reserves		133	5.800.561.126	5.784.852.657
Accumulated profits (losses)(+)/(-)		14	91.968.787	75.947.289
Investment grants		15
Advance to associates on the sharing out of the assets $^{5}\ \dots$		19
Provisions and deferred taxes		16	20.887.153	24.866.557
Provisions for liabilities and charges		160/5	20.887.153	24.866.557
Pensions and similar obligations		160
Taxation		161
Major repairs and maintenance		162
Environmental obligations		163
Other liabilities and charges	6.8	164/5	20.887.153	24.866.557
Deferred taxes		168

⁴ Amount to substract of the issued capital

⁵ Amount to substract from the other part of the equity

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

	Discl.	Codes	Period	Preceding period
AMOUNTS PAYABLE		17/49	4.114.918.407	4.047.570.075
Amounts payable after more than one year	6.9	17	3.650.280.015	3.355.701.921
Financial debts		170/4	3.650.280.015	3.355.701.921
Subordinated loans		170
Unsubordinated debentures		171	950.000.000	650.000.000
Leasing and other similar obligations		172
Credit institutions		173
Other loans		174	2.700.280.015	2.705.701.921
Trade debts		175
Suppliers		1750
Bills of exchange payable		1751
Advances received on contracts in progress		176
Other amounts payable		178/9
Amounts payable within one year	6.9	42/48	352.870.599	596.622.745
Current portion of amounts payable after more than one year
falling due within one year		42		184.217.000
Financial debts		43	18	85.674.381
Credit institutions		430/8
Other loans		439	18	85.674.381
Trade debts		44	18.002.490	13.877.040
Suppliers		440/4	18.002.490	13.877.040
Bills of exchange payable		441
Advances received on contracts in progress		46
Taxes, remuneration and social security	6.9	45	12.700.686	12.190.497
Taxes		450/3	3.767.425	2.740.772
Remuneration and social security		454/9	8.933.261	9.449.725
Other amounts payable		47/48	322.167.405	300.663.827
Accruals and deferred income	6.9	492/3	111.767.793	95.245.409
TOTAL LIABILITIES		10/49	13.064.527.571	12.985.137.144

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

INCOME STATEMENT

	Discl.	Codes	Period	Preceding period
Operating income		70/76A	66.568.391	121.111.528
Turnover Stocks of finished goods and work and contracts in progress:	6.10	70
increase (decrease)(+)/(-)		71
Own work capitalised		72	77.751	218.552
Other operating income	6.10	74	66.490.640	107.068.258
Non-recurring operating income	6.12	76A		13.824.718
Operating charges		60/66A	110.798.664	139.941.287
Raw materials, consumables		60
Purchases		600/8
(+)/(-) Stocks: decrease (increase)		609
Services and other goods		61	49.269.757	72.819.034
Remuneration, social security costs and pensions(+)/(-)	6.10	62	57.772.699	67.490.329
Depreciation of and other amounts written off formation expenses, intangible and tangible fixed assets		630	4.908.607	3.480.191
Amounts written off stocks, contracts in progress and trade
debtors: Appropriations (write-backs)(+)/(-) Provisions for liabilities and charges: Appropriations (uses	6.10	631/4
(+)/(-) and write-backs)	6.10	635/8	578.304	-10.965.980
Other operating charges	6.10	640/8	2.827.006	3.703.102
Operating charges carried to assets as restructuring costs(-)		649
Non-recurring operating charges	6.12	66A	-4.557.709	3.414.611
Operating profit (loss)(+)/(-)		9901	-44.230.273	-18.829.759

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

	Discl.	Codes	Period	Preceding period
Financial income		75/76B	552.251.221	360.994.504
Recurring financial income		75	536.685.808	360.994.504
Income from financial fixed assets		750	345.458.026	249.114.904
Income from current assets		751	159.071.914	69.018.673
Other financial income	6.11	752/9	32.155.868	42.860.927
Non-recurring financial income	6.12	76B	15.565.413
Financial charges		65/66B	231.727.587	130.137.442
Recurring financial charges	6.11	65	211.023.380	124.921.270
Debt charges		650	192.493.167	93.286.760
Amounts written off current assets except stocks, contracts
in progress and trade debtors: appropriations (write-backs)
(+)/(-)		651
Other financial charges		652/9	18.530.213	31.634.510
Non-recurring financial charges	6.12	66B	20.704.207	5.216.172
(+)/(-) Gain (loss) for the period before taxes		9903	276.293.361	212.027.303
Transfer from deferred taxes		780
Transfer to deferred taxes		680
Income taxes(+)/(-)	6.13	67/77	2.175.729	2.191.608
Taxes		670/3	2.175.729	2.191.608
Adjustment of income taxes and write-back of tax provisions		77
(+)/(-) Gain (loss) of the period		9904	274.117.632	209.835.695
Transfer from untaxed reserves		789
Transfer to untaxed reserves		689
Gain (loss) of the period available for appropriation(+)/(-)		9905	274.117.632	209.835.695

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

APPROPRIATION ACCOUNT

	0.1	Devied.	Dan and Comment of
	Codes	Period	Preceding period
Profit (loss) to be appropriated(+)/(-)	9906	350.064.921	328.266.126
Gain (loss) of the period available for appropriation(+)/(-)	(9905)	274.117.632	209.835.695
Profit (loss) brought forward(+)/(-)	14P	75.947.289	118.430.431
Withdrawals from capital and reserves	791/2
on the contribution	791
from reserves	792
Transfer to capital and reserves	691/2
to the contribution	691
to legal reserve	6920
to other reserves	6921
Profit (loss) to be carried forward(+)/(-)	(14)	91.968.787	75.947.289
Owners' contribution in respect of losses	794
Profit to be distributed	694/7	258.096.134	252.318.837
Dividends	694	258.096.134	252.318.837
Directors' or managers' entitlements	695
Employees	696
Other beneficiaries	697

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

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	5.766.263
Movements during the period
New expenses incurred	8002	4.091.500
Depreciation	8003	3.632.493
Other(+)/(-)	8004
Net book value at the end of the period	(20)	6.225.270
Of which
Formation or capital increase expenses, loan issue expenses and other formation expenses	200/2	6.225.270
Restructuring costs	204

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

	Codes	Period	Preceding period
CONCESSIONS, PATENTS, LICENCES, KNOW-HOW, BRANDS AND SIMILAR RIGHTS
Acquisition value at the end of the period	8052P	xxxxxxxxxxxxxxx	2.582.948
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	2.582.948
Depreciations and amounts written down at the end of the period	8122P	xxxxxxxxxxxxxxx	2.551.288
Movements during the period
Recorded	8072	10.813
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	2.562.101
NET BOOK VALUE AT THE END OF THE PERIOD	211	20.847

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

	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

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

STATEMENT OF TANGIBLE FIXED ASSETS

	Codes	Period	Preceding period
LAND AND BUILDINGS
Acquisition value at the end of the period	8191P	xxxxxxxxxxxxxxx	29.812.008
Movements during the period
Acquisitions, including produced fixed assets	8161	10.560
Sales and disposals	8171
(+)/(-) Transfers from one heading to another	8181	5.458.958
Acquisition value at the end of the period	8191	35.281.526
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	2.708.698
Movements during the period
Recorded	8271	895.954
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	3.604.652
NET BOOK VALUE AT THE END OF THE PERIOD	(22)	31.676.874

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

	Codes	Period	Preceding period
PLANT, MACHINERY AND EQUIPMENT
Acquisition value at the end of the period	8192P	xxxxxxxxxxxxxxx	3.597.758
Movements during the period
Acquisitions, including produced fixed assets	8162	16.560
Sales and disposals	8172
(+)/(-) Transfers from one heading to another	8182	304.571
Acquisition value at the end of the period	8192	3.918.889
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	2.246.889
Movements during the period
Recorded	8272	422.761
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	2.669.650
NET BOOK VALUE AT THE END OF THE PERIOD	(23)	1.249.239

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

	Codes	Period	Preceding period
FURNITURE AND VEHICLES
Acquisition value at the end of the period	8193P	xxxxxxxxxxxxxxx	10.787.487
Movements during the period
Acquisitions, including produced fixed assets	8163	11.150
Sales and disposals	8173
Transfers from one heading to another (+)/(-)	8183	12.475
Acquisition value at the end of the period	8193	10.811.112
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	7.248.365
Movements during the period
Recorded	8273	909.374
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	8.157.739
NET BOOK VALUE AT THE END OF THE PERIOD	(24)	2.653.373

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

Nr.	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)

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

Nr.	0403.053.608	F-cap 6.3.6

	Codes	Period	Preceding period
ASSETS UNDER CONSTRUCTION AND ADVANCE PAYMENTS
Acquisition value at the end of the period	8196P	xxxxxxxxxxxxxxx	7.708.320
Movements during the period
Acquisitions, including produced fixed assets	8166	740.316
Sales and disposals	8176
Transfers from one heading to another (+)/(-)	8186	-5.776.003
Acquisition value at the end of the period	8196	2.672.633
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)	2.672.633

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

STATEMENT OF FINANCIAL FIXED ASSETS

AFFILIATED ENTERPRISES - PARTICIPATING INTERESTS AND SHARES xxxxxxxxxxxxxxx 9.592.807.195 8391P Acquisition value at the end of the period Movements during the period Acquisitions 8361 183.403 Sales and disposals 8371 (+)/(-) 8381 Transfers from one heading to another 9.592.623.792 8391 Acquisition value at the end of the period xxxxxxxxxxxxxxx 8451P Revaluation surpluses at the end of the period Movements during the period Recorded 8411 Acquisitions from third parties 8421 Cancelled 8431 (+)/(-) 8441 Transferred from one heading to another 8451 Revaluation surpluses at the end of the period xxxxxxxxxxxxxxx 195.451.798 8521P Amounts written down at the end of the period Movements during the period 20.704.207 Recorded 8471 15.565.413 Written back 8481 Acquisitions from third parties 8491 Cancelled owing to sales and disposals 8501 (+)/(-) 8511 Transferred from one heading to another 200.590.592 8521 Amounts written down at the end of the period xxxxxxxxxxxxxxx 8551P Uncalled amounts at the end of the period 8541 (+)/(-) Movements during the period 8551 Uncalled amounts at the end of the period NET BOOK VALUE AT THE END OF THE PERIOD 9.392.033.200 (280) AFFILIATED ENTERPRISES - AMOUNTS RECEIVABLE NET BOOK VALUE AT THE END OF THE PERIOD xxxxxxxxxxxxxxx 281P Movements during the period Additions 8581 Repayments 8591 Amounts written down 8601 Amounts written back 8611 (+)/(-) 8621 Exchange differences (+)/(-) 8631 Other movements 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

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

F-can 6 / 3	F-can	6	1	3
-------------	-------	---	---	---

	Codes	Period	Preceding period
OTHER ENTERPRISES - PARTICIPATING INTERESTS AND SHARES
Acquisition value at the end of the period	8393P	xxxxxxxxxxxxxxx	49.515
Movements during the period
Acquisitions	8363
Sales and disposals	8373
(+)/(-) Transfers from one heading to another	8383
Acquisition value at the end of the period	8393	49.515
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	234
	8543
(+)/(-) Movements during the period
Uncalled amounts at the end of the period	8553	234
NET BOOK VALUE AT THE END OF THE PERIOD	(284)	49.281
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

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

Nr.

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 h	eld		Data extracted from the most recent annual accounts
NAME, full address of the REGISTERED OFFICE and for an enterprise governed by Belgian law, the		direct	ly	subsidiari es	Annual	Curre	Capita land reserves	Net result
COMPANY IDENTIFICATION NUMBER	Nature	Number	%	%	accounts as per	ncy code	(+) or (in uni
UCB Pharma SA 0403.096.168 Public limited company Allee de la Recherche 60, 1070 Anderlecht, Belgium	Ordinary shares -				31/12/2023	EUR	12.680.251.582	490.752.483
	IFRS figures9	37.785.339	100,0	0,0
UCB Australia Pty. LTD Foreign company Level 1, 1155 Malvern Road (PO Box 158), 3144 Malvern, Australia					31/12/2023	AUD	25.731.010	2.731.009
	Ordinary shares - IFRS
	figures Preferred	17.900.000	77,83	0,0
	shares	300.000	1,3	0,0
	deemable Preference Shares	4.800.000	20,87	0,0
UCB Japan Co LTD Foreign company Shinjuku Grand Tower, 8-17-1 Nishi-Shinjuku, 160-0023 Tokyo, Japan	Ordinary				31/12/2023	JPY	16.994.246.412	4.131.535.147
	shares - IFRS figures	69.980	100,0	0,0
UCB (Investments) LTD Foreign company Bath Road 208, SLOUGH, SL1	iigui c s	33.300	700,0	0,0
	Cumulative Preference Shares - IFRS				31/12/2023	GBP	394.614.319	15.540.824
	figures	44.928.426	97,82	0,0

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

0403.053.608

Nr.

		Rights h	eld		Data extracted from the most recent annual accounts
NAME, full address of the REGISTERED OFFICE and for an enterprise governed by Belgian law, the	Nationa	direct	ly	subsidiari es	Annual	Curre	Capita land reserves	Net result
COMPANY IDENTIFICATION NUMBER	Nature	Number	%	%	accounts as per	ncy code	(+) or (in uni
UCB DE MEXICO S.A. de C.V.	Ordinary Shares	1.000.100	2,18	0,0
Foreign company Homero, 440 7° Floor, Col. Chapultepec Morales, 11570 MEXICO D.F., Mexico	Ordinary				31/12/2023	MXN	655.326.413	171.949.534
	shares - IFRS	51.449.999	100,0	0,0
UCB Pharma France SA Foreign company rue Estienne d'Orves 420, F 92700 COLOMBES, France					31/12/2023	EUR	133.372.379	30.199.736
	Ordinary shares - IFRS	551.539	00.00	0.04
UCB Pharma S.P.A. (Italy) Foreign company Via Varesina 162, , Italy	figures	551.539	99,99	0,01	31/12/2023	EUR	69.109.328	9.398.536
	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					31/12/2023	EUR	4.656.221	486.526
	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	-				31/12/2023	EUR	183.236.651	24.170.596
	Ordinary shares - IFRS	0.000	400.0
UCB A.E. (Greece) Foreign company 63, Agiou Dimitriou Street, 17456 Alimos, Athens, Greece	figures	9.600	100,0	0,0	31/12/2023	EUR	10.259.122	1.358.015

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

NAME ( II . I		Rights h	eld		Data extracted from the most recent annual accounts
NAME, full address of the REGISTERED OFFICE and for an enterprise governed by Belgian law, the	Naturo	direct	ily	subsidiari es	Annual	Curre	Capita land reserves	Net result
COMPANY IDENTIFICATION NUMBER	Nature	Number	%	%	accounts as per	ncy code	(+) or (in uni
UCB (Pharma) Ireland LTD Foreign company	Ordinary shares - IFRS Figures	368.013	99,85	0,15
Unit Drug House, Magna Drive, Magna Business Park, DUBLIN 24, Ireland	Outing				31/12/2023	EUR	5.469.724	1.422.036
	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.)					31/12/2023	KRW	22.774.647.286	2.140.573.144
	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	Ordinary				31/12/2023	BRL	146.651.330	26.605.883
	shares - IFRS	155.326.714	99,99	0,01
UCB Pharmaceuticals (Taiwan) Ltd Foreign company 12F2, No.88, Dunhua N. Rd., Songshan Dist, Tapei, China					31/12/2023	TWD	11.357.997	88.511.968
	Ordinary shares - IFRS figures	1	100,0	0,0
UCB Trading (Shangai) CO LTD Foreign company Room 317, No. 439 Fu Te Xi Yi Road, SHANGAI, China					31/12/2023	CNY	39.695.830	-24.512.696
	Ordinary shares - IFRS figures	1	100,0	0,0
UCB Pharma A.S. (TURKEY) Foreign company Palladium Tower, Barbaros Mah., Kardelen Sok. No.2, Kat.24/80, Istanbul, Turkey					31/12/2023	TRY	456.929.400	184.701.530

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

0403.053.608

Nr.

NAME ( II . I		Rights h	eld		Data extracted from the most recent annual accounts
NAME, full address of the REGISTERED OFFICE and for an enterprise governed by Belgian law, the	Nationa	direct	ly	subsidiari es	Annual	Curre	Capita land reserves	Net result
COMPANY IDENTIFICATION NUMBER	Nature	Number	%	%	accounts as per	ncy code	(+) or (in uni
UCB India Private Ltd Foreign company	Ordinary shares - IFRS figures	1.095.430	100,0	0,0
504, Peninsula Towers, Ganpatrao Kadam, Marg, Lower Parel, 400013 MUMBAI, India	Ordinary				31/12/2023	INR	581.515.671	28.781.645
	shares - IFRS figures	3.527	99,97	0,03
UCB S.R.O. Foreign company Thamova 13, 18600 PRAHA 8, Czech Republic	Ordinary				31/12/2023	CZK	78.096.430	2.300.540
UCB GMBH	shares - IFRS	12.300.600	100,0	0,0
Foreign company Alfred Nobelstrasse 10, D 40789 MONHEIM, Germany	Shares -				31/12/2023	EUR	872.408.178	77.945.072
UCB HUNGARY LTD	IFRS figures	394.000	5,21	94,79
Foreign company Obuda Gate Building,, Arpad Fejelum utja 26-28, 1023 BUDAPEST, Hungary					31/12/2023	HUF	792.416.578	266.727.084
1100 P/ 0 / D / D	Shares - IFRS figures	48.000.000	100,0	0,0
UCB Pharma Sp. z.o.o. (Poland) Foreign company Ul. Kruczkowskego 8, 00-380 WARSAWA, Poland	Ouetinos				31/12/2023	PLN	38.115.225	6.500.541
	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					31/12/2023	RUB	198.691.185	-12.365.395

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

		Rights h	eld		Data extracted from the most recent annual accounts
NAME, full address of the REGISTERED OFFICE and for an enterprise governed by Belgian law, the	Matrica	direct	ily	subsidiari es	Annual	Curre	Capita land reserves	Net result
COMPANY IDENTIFICATION NUMBER	Nature	Number	%	%	accounts as per	ncy code	(+) or (in uni
UCB Bulgaria EOOD	Ordinary shares - IFRS figures	1	100,0	0,0
Foreign company 15, Ljubata Str., Fl. 4 apt. 10-11, Lozenetz, Sofia 1407, Bulgaria					31/12/2023	BGN	1.539.526	186.981
	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,					24/42/2022	BOM	13.046.471	4.107.948
Romania	Ordinary shares - IFRS figures	20	100,0	0,0	31/12/2023	RON	13.040.471	4. 107.946
UCB Pharma Logistics LLC Foreign company Perevedenovky pereulok, 13, building 21, Moscow 119048, Russian Federation	3				31/12/2023	RUB	532.170.469	386.270.548
	Ordinary shares - IFRS figures	1	100,0	0,0
UCB Ventures SA 0667.816.096 Public limited company Allée de la Recherche 60, 1070 Anderlecht, Belgium					31/12/2023	EUR	33.861.803	-872.140
	Ordinary shares - IFRS figures	59.999.999	99,99	0,01
UCB Manufacturing Ireland Ltd. Foreign company Shannon Industrial Estate, , Ireland					31/12/2023	EUR	436.292	27.429
	Classe A shares - IFRS figures	1.400.000	63,64	0,0
	Deferred ordinary shares	800.000	36,36	0,0

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

0403.053.608 F- cap 6.5.1

PARTICIPATING INTERESTS AND SHARES IN OTHER ENTERPRISES (CONTINUED)

Nr.

NAME full address of the DECIOTEDED	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		direct	ly	subsidiari es	Annual	Curre	Capita land reserves	Net result
COMPANY IDENTIFICATION NUMBER	Nature	Number	%	%	accounts as per	code	(+) or (in uni	(-) ts)
by Belgian law, the COMPANY IDENTIFICATION NUMBER Vedim Sp. z.o.o. Foreign company ul. L. Kruczkowskiego 8, 00-380 WARSAWA, Poland	Shares - IFRS figures				accounts as	ncy		(-)

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

Nr.	0403.053.608		F-cap 6.6
-----	--------------	--	-----------	--	--

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	62.153.065	46.527.101
Shares - Book value increased with the uncalled amount	8681	62.153.065	46.527.101
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	43.540.384
Interest receivable	24.048.789
Other expenses to be carried forward	920.710
Unrealized FX	94.511

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

0403.053.608	F-cap 6.7.1

STATEMENT OF CAPITAL AND SHAREHOLDING STRUCTURE

Nr.

	Codes	Period	t	Preceding period
STATEMENT OF CAPITAL
Capital
Issued capital at the end of the period	100P	xxxxxxxxxx	xxxxx	583.516.974
Issued capital at the end of the period	(100)	583.510
located capital at the one of the period	(100)	000.01.
	Codes	Value	!	Number of shares
Changes during the period




Structure of the capital
Different categories of shares		583.51	6 074	194.505.658
Ordinary shares		000.07	J. J 7	104.000.000


Registered shares	8702	XXXXXXXX	XXXX	70.909.344
Shares dematerialized	8703	XXXXXXXXX	XXXXX	123.596.314

	Codes	Uncalled ar	mount	Capital called but not paid
				ραια
Capital not paid	(404)
Uncalled capital	(101)			XXXXXXXXXXXXXX
Called up capital, unpaidShareholders having yet to pay up in full	8712	XXXXXXXXX	XXXXX
Shareholders having yet to pay up in ruli




			Codes	Period
Own shares
Held by the company itself
Amount of capital held			8721	14.187.267
Corresponding number of shares			8722	4.729.089
Held by the subsidiaries
Amount of capital held			8731
Corresponding number of shares			8732

Commitments to issue shares
Owing to the exercise of conversion rights			0740
Amount of outstanding convertible loans			8740
Amount of capital to be subscribed			8741
Corresponding maximum number of shares to be issued			8742
Owing to the exercise of subscription rights
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

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

Nr.	0403.053.608	F-cap 6.7.1

	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

		Period
Supplementary explanation relating to the contribution (including the industry contribution)

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

Notifications received pursuant to the law of 2 May 2007 on disclosure of large shareholdings
Last update:	31 December 2023		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)	70.090.611	36,04%	31 July 2023
2 UCB SA/NV
securities carrying voting rights (shares)	4.729.089	2,43%	31 December 2023
assimilated financial instruments (options)(1)	0	0,00%	06 March 2017
assimilated financial instruments (other)(1)	0	0,00%	18 December 2015
Total	4.729.089	2,43%
Free float(2) (securities carrying voting rights (shares))	119.685.958 61,53%
3 Wellington Management Group LLP
securities carrying voting rights (shares)	14.548.260	7,48%	17 November 2023
4 BlackRock, Inc.
securities carrying voting rights (shares)	9.412.691	4,84%	13 January 2020
5 FMR LLC
securities carrying voting rights (shares)	8.502.358	4,37%	19 May 2023

(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.

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

Nr.	0403.053.608		F-cap 6.8
-----	--------------	--	-----------

PROVISIONS FOR OTHER LIABILITIES AND CHARGES

	Period
ANALYSIS OF THE HEADING 164/5 OF LIABILITIES IF THE AMOUNT IS SIGNIFICANT
Stock awards provision	19.753.317
Restructuring provision & dispute	1.133.836

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

0403.053.608	F-cap 6.9
--------------	-----------

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
Subordinated loans	8811
	8821
Unsubordinated debentures	8831
Leasing and other similar obligations	8841
Credit institutions
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
Total current portion of amounts payable after more than one year falling due within one year	(42)
Amounts payable with a remaining term of more than one but not more than five years
Financial debts	8802	2.262.973.254
Subordinated loans	8812
Unsubordinated debentures	8822	150.000.000
Leasing and other similar obligations	8832
Credit institutions	8842
Other loans	8852	2.112.973.254
Trade debts	8862
Suppliers	8872
Bills of exchange payable	8882
Advance payments received on contracts in progress	8892
Other amounts payable	8902
Total amounts payable with a remaining term of more than one but not more than five years	8912	2.262.973.254
Amounts payable with a remaining term of more than five years
Financial debts	8803	1.387.306.761
Subordinated loans	8813
Unsubordinated debentures	8823	800.000.000
Leasing and other similar obligations	8833
Credit institutions	8843
Other loans	8853	587.306.761
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	1.387.306.761

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

-		1		_
r.	0403.053.608		F-ca	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
UII ILS OWII ASSELS	0002
	Codes	Period
TAXES, REMUNERATION AND SOCIAL SECURITY
Taxes (heading 450/3 and 179 of the liabilities)
Outstanding tax debts	9072
Accruing taxes payable	9073	3.767.425
Estimated taxes payable	450
Remuneration and social security (headings 454/9 and 179 of the liabilities)
Amounts due to the National Social Security Office	9076

Other amounts payable in respect of remuneration and social security ....................................

8.933.261

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

	Period
ACCRUALS AND DEFERRED INCOME
Allocation of heading 492/3 of liabilities if the amount is significant
Stock options recharges	62.747.822
Accrued interests	25.651.201
Unrealized exchange differences	23.100.830
Other accrued charges	267.940

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

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
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	194	185
Average number of employees calculated in full-time equivalents	9087	189,4	189,5
Number of actual worked hours	9088	297.032	308.696
Personnel costs
Remuneration and direct social benefits	620	37.925.687	50.117.191
Employers' contribution for social security	621	7.567.225	8.923.252
Employers' premiums for extra statutory insurance	622	7.494.931	4.699.778
Other personnel costs(+)/(-)	623	4.784.856	3.750.108
Retirement and survivors' pensions	624

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

	Codes	Period	Preceding period
Provisions for pensions and other similar rights Appropriations (uses and write-backs)(+)/(-)	635
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	578.304
Uses and write-backs	9116		10.965.980
Other operating charges
Taxes related to operation	640	2.198.363	3.345.312
Other costs	641/8	628.643	357.790
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
Number of actual worked hours	9098
Costs to the enterprise	617		2.907

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

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	9125
Interest subsidies	9126
Allocation of other financial income
Currency differences realized	754	31.643.082	31.862.212
Others
Realized gains on shares		512.786	10.998.715


RECURRING FINANCIAL CHARGES
Depreciation of loan issue expenses	6501	962.788	1.052.970
Capitalized Interests	6502
Amounts written off current assets
Recorded	6510
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	6560
Uses and write-backs	6561
Allocation of other financial charges
Currency differences realized	654	7.604.731	8.753.979
Currency translation differences	655
Others
Losses on sale of shares		8. 4 20.557	17.192.642
Various bank charges		2.504.926	14.441.868

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

INCOME AND CHARGE OF EXCEPTIONAL SIZE OR INCIDENCE

	Codes	Period	Preceding period
NON RECURRING INCOME	76	15.565.413	13.824.718
Non-recurring operating income	(76A)		13.824.718
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		13.824.718
Non-recurring financial income	(76B)	15.565.413
Write-back of amounts written down financial fixed assets	761	15.565.413
Write-back of provisions for non-recurring financial liabilities and charges	7621
Capital gains on disposal of financial fixed assets	7631
Other non-recurring financial income	769
NON-RECURRING EXPENSES	66	16.146.498	8.630.783
Non-recurring operating charges	(66A)	-4.557.709	3.414.611
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	-4.557.709	3.413.676
Capital losses on disposal of intangible and tangible fixed assets	6630		935
Other non-recurring operating charges	664/7
Non-recurring operating charges carried to assets as restructuring costs .(-)	6690
Non-recurring financial charges	(66B)	20.704.207	5.216.172
Amounts written off financial fixed assets	661	20.704.207	5.216.172
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

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

Nr.	0403.053.608			F-cap 6.13
-----	--------------	--	--	------------

INCOME TAXES AND OTHER TAXES

	Codes	Period
INCOME TAXES
Income taxes on the result of the period	9134	400.193
Income taxes paid and withholding taxes due or paid	9135	408.506
Excess of income tax prepayments and withholding taxes paid recorded under assets	9136	8.313
Estimated additional taxes	9137
Income taxes on the result of prior periods	9138	1.775.536
Additional income taxes due or paid	9139	1.775.536
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
(+)/(-) Accumulated Dividend Received Deduction deductible from future taxable profits		-328.706.342
Loss on shares (+)/(-)		43.981.549
(+)/(-) Impairments on shares		5.138.794
Non-deductible donations(+)/(-)		2.100.000
Other disallowed expenses (+)/(-)		1.192.638

	Period
Impact 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 Accumulated tax losses deductible from future taxable profits	9141 9142	266.349.674
Other deferred taxes representing assets Accumulated Dividend Received Deduction deductible from future taxable profits		266.349.674
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	8.808.402	14.764.419
By the enterprise	9146	6.547.496	11.722.334
Amounts withheld on behalf of third party
For payroll withholding taxes	9147	14.410.059	19.327.191
For withholding taxes on investment income	9148	43.127.344	40.726.336

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

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

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

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

Nr.	0403.053.608		F-ca	p 6.14
-----	--------------	--	------	--------

Codes

Period

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	91612
Amount of registration	91622
Amount of registration by mandate	91632
Pledging of goodwill
Pledging of goodwill - Max amount	91712
Pledging of goodwill - Amount of the registration on goodwill pledged by mandate	91722
Pledging of other assets
Pledging of other assets - Book value	91812
Pledging of other assets - Max amount	91822
Guarantees provided on future assets
Guarantees provided on future assets - Amount assets involved	91912
Guarantees provided on future assets - Max amount	91922
Seller privilege
i G
Seller privilege - Book value	92012
· · · · ·	92012 92022
Seller privilege - Book value
Seller privilege - Book value
Seller privilege - Book value Seller privilege - Unpaid amount GOODS AND VALUES, NOT DISCLOSED IN THE BALANCE SHEET, HELD BY THIRD PARTIES IN THEIR DWN NAME BUT AT RISK TO AND FOR THE BENEFIT OF THE ENTERPRISE	92022
Seller privilege - Book value Seller privilege - Unpaid amount GOODS AND VALUES, NOT DISCLOSED IN THE BALANCE SHEET, HELD BY THIRD PARTIES IN THEIR DWN NAME BUT AT RISK TO AND FOR THE BENEFIT OF THE ENTERPRISE	92022	Period
Seller privilege - Book value Seller privilege - Unpaid amount GOODS AND VALUES, NOT DISCLOSED IN THE BALANCE SHEET, HELD BY THIRD PARTIES IN THEIR DWN NAME BUT AT RISK TO AND FOR THE BENEFIT OF THE ENTERPRISE	92022	Period
Seller privilege - Book value Seller privilege - Unpaid amount GOODS AND VALUES, NOT DISCLOSED IN THE BALANCE SHEET, HELD BY THIRD PARTIES IN THEIR DWN NAME BUT AT RISK TO AND FOR THE BENEFIT OF THE ENTERPRISE	92022	Period
Seller privilege - Book value Seller privilege - Unpaid amount GOODS AND VALUES, NOT DISCLOSED IN THE BALANCE SHEET, HELD BY THIRD PARTIES IN THEIR DWN NAME BUT AT RISK TO AND FOR THE BENEFIT OF THE ENTERPRISE	92022	Period
Seller privilege - Book value Seller privilege - Unpaid amount GOODS AND VALUES, NOT DISCLOSED IN THE BALANCE SHEET, HELD BY THIRD PARTIES IN THEIR DWN NAME BUT AT RISK TO AND FOR THE BENEFIT OF THE ENTERPRISE SUBSTANTIAL COMMITMENTS TO ACQUIRE FIXED ASSETS	92022	Period
Seller privilege - Book value Seller privilege - Unpaid amount GOODS AND VALUES, NOT DISCLOSED IN THE BALANCE SHEET, HELD BY THIRD PARTIES IN THEIR DWN NAME BUT AT RISK TO AND FOR THE BENEFIT OF THE ENTERPRISE SUBSTANTIAL COMMITMENTS TO ACQUIRE FIXED ASSETS	92022	Period
Seller privilege - Book value Seller privilege - Unpaid amount GOODS AND VALUES, NOT DISCLOSED IN THE BALANCE SHEET, HELD BY THIRD PARTIES IN THEIR DWN 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	92022	Period
Seller privilege - Book value Seller privilege - Unpaid amount GOODS AND VALUES, NOT DISCLOSED IN THE BALANCE SHEET, HELD BY THIRD PARTIES IN THEIR DWN NAME BUT AT RISK TO AND FOR THE BENEFIT OF THE ENTERPRISE SUBSTANTIAL COMMITMENTS TO ACQUIRE FIXED ASSETS	92022	Period
Seller privilege - Book value Seller privilege - Unpaid amount GOODS AND VALUES, NOT DISCLOSED IN THE BALANCE SHEET, HELD BY THIRD PARTIES IN THEIR DWN NAME BUT AT RISK TO AND FOR THE BENEFIT OF THE ENTERPRISE SUBSTANTIAL COMMITMENTS TO ACQUIRE FIXED ASSETS	92022	Period
Seller privilege - Book value Seller privilege - Unpaid amount GOODS AND VALUES, NOT DISCLOSED IN THE BALANCE SHEET, HELD BY THIRD PARTIES IN THEIR DWN NAME BUT AT RISK TO AND FOR THE BENEFIT OF THE ENTERPRISE SUBSTANTIAL COMMITMENTS TO ACQUIRE FIXED ASSETS	92022	Period
Seller privilege - Book value Seller privilege - Unpaid amount GOODS AND VALUES, NOT DISCLOSED IN THE BALANCE SHEET, HELD BY THIRD PARTIES IN THEIR DWN 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	92022	Period
Seller privilege - Book value	92022	Period
Seller privilege - Book value Seller privilege - Unpaid amount GOODS AND VALUES, NOT DISCLOSED IN THE BALANCE SHEET, HELD BY THIRD PARTIES IN THEIR DWN 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)	Codes	Period
Seller privilege - Book value Seller privilege - Unpaid amount 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	92022 Codes	Period

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

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
salaried staff.	UCB SA has made regulations setting out an objective to be attained concerning the resources to be made available to retired
payments made by the company ;	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 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. widow's pension.	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
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

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

	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)
Joint liability with group subsidiaries for various credit facilities	96.250.000
Credit facility - Revolving facility	1.000.000.000
The company has issued a statement of joint and several liability for the debts incurred by UCB Pharma B.V. in accordance with Section 403, Part 9 of Book 2 of the Netherlands Civil Code.	0

Nr.

0403.053.608

F-cap 6.14

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

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

	Codes	Period	Preceding period
AFFILIATED ENTERPRISES
Financial fixed assets	(280/1)	9.392.033.200	9.397.355.397
Participating interests	(280)	9.392.033.200	9.397.355.397
Subordinated amounts receivable	9271
Other amounts receivable	9281
Amounts receivable	9291	3.062.319.082	2.979.647.670
Over one year	9301	2.975.519.948	2.965.833.669
Within one year	9311	86.799.134	13.814.001
Current investments	9321
Shares	9331
Amounts receivable	9341
Amounts payable	9351	719.093.723	803.949.792
Over one year	9361	716.460.684	716.460.684
Within one year	9371	2.633.039	87.489.108
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	345.458.026	249.114.904
Income from current assets	9431	158.628.377	68.971.862
Other financial income	9441	23.469	42.860.927
Debt charges	9461	56.304.608	35.110.872
Other financial charges	9471	18.530.213	31.634.510
Disposal of fixed assets
Capital gains obtained	9481
Capital losses suffered	9491

{44}------------------------------------------------

Nr. 0403.053.608 F-cap 6.15
-----------------------------

	Codes	Period	Preceding period
ASSOCIATED ENTERPRISES
Financial fixed assets	9253
Participating interests	9263
Subordinated amounts receivable	9273
Other amounts receivable	9283
Amounts receivable	9293
Over one year	9303
Within one year	9313
Amounts payable	9353
Over one year	9363
Within one year	9373
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
Participating interests	9262
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
			Devied
T			Period
TRANSACTIONS WITH ENTERPRISES LINKED BY PARTICIPATING INTERESTS OUT Mention of these transactions if they are significant, including the amount o nature of the link, and all information about the transactions which should b understanding of the situation of the company	f the trai	nsactions, the

{45}------------------------------------------------

Nr.	0403.053.608		F-cap 6.16
-----	--------------	--	------------

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	9501
Other significant commitments undertaken in their favour	9502
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	3.478.687
To former directors and former managers	9504

	Codes	Period
AUDITORS OR PEOPLE THEY ARE LINKED TO
Auditor's fees	9505	469.713
Fees for exceptional services or special missions executed in the company by the auditor
Other attestation missions	95061	100.962
Tax consultancy	95062
Other missions external to the audit	95063
Fees for exceptional services or special missions executed in the company by people they are linked to
Other attestation missions	95081
Tax consultancy	95082
Other missions external to the audit	95083

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

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

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

{47}------------------------------------------------

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. 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.

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 computersystem 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.

III. 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.

IV. 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.

V. 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.

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

SUMMARY OF VALUATION RULES

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 nowrecognized directly in the profit and loss accountsin 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 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 changesin 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 off‐balance 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 off‐balance sheet commitment and the changes in fair value will not affect profit and loss accounts. 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.

{49}------------------------------------------------

SUMMARY OF VALUATION RULES

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 notesto itsstatutory 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 sheetwith fluctuations going through P&L.Boekhoudkundige behandeling van aandelenopties.

De boekhoudkundige behandeling van de kosten van aandelenopties is afgestemd op CNC‐kennisgeving 2012/3 met betrekking tot de boekhoudkundige behandeling van aandelenopties. Verliezen die verband houden met de uitoefening van opties worden opgenomen in overige financiële verliezen, terwijl winsten op het schrijven van opties worden opgenomen in overige financiële opbrengsten in de winst‐ en verliesrekening.

VI. 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..

VII. Rights and commitments not included in the balance sheet.

Description of the scheme for complementary retirement and surviving dependents pensions.

A. Scheme for complementary 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 complementary 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.
B. Scheme for complementary pensions to surviving dependents.

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.

C. Other Benefits.

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

{50}------------------------------------------------

STATEMENT OF THE PERSONS EMPLOYED

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

During the current period	Codes	Total	1. Men	2. Women
Average number of employees
Full-time	1001	176,4	62,6	113,8
Part-time	1002	13,0	1,0	12,0
Total in full-time equivalents	1003	186,5	63,4	123,1
Number of hours actually worked
Full-time	1011	281.632	102.536	179.096
Part-time	1012	15.400	1.316	14.084
Total	1013	297.032	103.852	193.180
Personnel costs
Full-time	1021	55.311.930	24.052.723	31.259.207
Part-time	1022	2.460.768	284.697	2.176.071
Total	1023	57.772.698	24.337.420	33.435.278
Advantages in addition to wages	1033

burning the preceding period
Average number of employees in FTE
Number of hours actually worked
Personnel costs

During the preceding period	Codes	P. Total	1P. Men	2P. Women
Average number of employees in FTE	1003	189,5	69,4	120,1
Number of hours actually worked	1013	308.696	112.568	196.128
Personnel costs	1023	67.490.329	37.643.685	29.846.644
Advantages in addition to wages	1033

{52}------------------------------------------------

Nr.	0403.053.608		F-cap 10
-----	--------------	--	----------	--	--

EMPLOYEES FOR WHOM THE ENTERPRISE 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	180	14	191,0
By nature of the employment contract
Contract for an indefinite period	110	159	14	170,0
Contract for a definite period	111	21		21,0
Contract for the execution of a specifically assigned work	112
Replacement contract	113
According to gender and study level
Men	120	66	1	66,8
primary education	1200
secondary education	1201
higher non-university education	1202	13	1	13,8
university education	1203	53		53,0
Women	121	114	13	124,2
primary education	1210
secondary education	1211	3		3,0
higher non-university education	1212	42	5	45,7
university education	1213	69	8	75,5
By professional category
Management staff	130	12		12,0
Employees	134	168	14	179,0
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
Number of hours actually worked	151
Costs for the enterprise	152

{53}------------------------------------------------

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	43	1	43,8
By nature of employment contract
Contract for an indefinite period	210	22	1	22,8
Contract for a definite period	211	21		21,0
Contract for the execution of a specifically assigned work	212
Replacement contract	213

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	33	2	34,6
By nature of employment contract
Contract for an indefinite period	310	15	2	16,6
Contract for a definite period	311	18		18,0
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	8		8,0
Other reason	343	25	1	25,8
the number of persons who continue to render services to the enterprise at least half-time on a self-employed basis	350

{54}------------------------------------------------

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	72	5811	132
Number of actual training hours	5802	1.099	5812	2.250
Net costs for the enterprise	5803	62.018	5813	117.855
of which gross costs directly linked to training	58031	57.031	58131	110.780
of which fees paid and paiments to collective funds	58032	4.987	58132	7.075
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 — Audit Report / Information 2023

4017_rns_2024-03-22_e03a25f5-b428-4a81-b45f-c8fa358f4d36.pdf

ANNUAL ACCOUNTS AND/OR OTHER DOCUMENTS TO BE FILED IN ACCORDANCE WITH THE BELGIAN COMPANIES AND ASSOCIATIONS CODE

IDENTIFICATION DETAILS (at the filing date)

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

PARTICIPATING INTERESTS AND SHARES IN OTHER ENTERPRISES (CONTINUED)

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

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

FINANCIAL RELATIONSHIPS WITH

INFORMATION RELATING TO CONSOLIDATED ACCOUNTS

SUMMARY OF VALUATION RULES

SUMMARY OF VALUATION RULES

SUMMARY OF VALUATION RULES

F. Net investment hedge

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 Audit Report / Information 2023