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

ANNUAL ACCOUNTS AND OTHER DOCUMENTS TO BE FILED UNDER BELGIAN COMPANY LAW

IDENTIFICATION DETAILS

UCB SA NAME:
Public limited company Legal form:
Allée de la Recherche 60 Address: Nr.: Box:
1070 Anderlecht Postal code: Municipality:
Belgium Country:
Brussels, French-speaking Register of legal persons – commercial court
Website address1 :
BE 0403.053.608 Company identification number
26 04 2018 DATE / / of filing the memorandum of association OR of the most recent document mentioning the date of publication of the memorandum of association and of the act amending the articles of association.
ANNUAL ACCOUNTS IN EUROS ANNUAL ACCOUNTS 25 04 2019 / / approved by the general meeting of
01 01 2018 31 12 2018 Regarding the financial year from / / to / /
01 01 2017 31 12 2017 Preceding financial year from / / to / /
The amounts for the preceding period are / are not2 XXXXX identical to the ones previously published.

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

Jean-Christophe TELLIER Director

Evelyn du Monceau Chairman of the Board of Directors

¹ Optional information.

² Strike out what is not applicable.

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

LIST OF THE DIRECTORS, BUSINESS MANAGERS AND AUDITORS

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

Evelyn JANSSEN épse de D. du MONCEAU de BERGENDAL c/o UCB S.A. Allée de la Recherche 60, 1070 Anderlecht, Belgium	Chairman of the board of directors
Pierre GURDJIAN c/o UCB S.A. Allée de la Recherche 60, 1070 Anderlecht, Belgium	Vice-chairman of the board of directors
Jean-Christophe TELLIER c/o UCB S.A. Allée de la Recherche 60, 1070 Anderlecht, Belgium	Director
Alice DAUTRY c/o UCB S.A. Allée de la Recherche 60, 1070 Anderlecht, Belgium	Director
Kay DAVIES c/o UCB S.A. Allée de la Recherche 60, 1070 Anderlecht, Belgium	Director
Albrecht DE GRAEVE c/o UCB S.A. Allée de la Recherche 60, 1070 Anderlecht, Belgium	Director
Charles-Antoine JANSSEN c/o UCB S.A. Allée de la Recherche 60, 1070 Anderlecht, Belgium	Director
Cyril JANSSEN c/o UCB S.A. Allée de la Recherche 60, 1070 Anderlecht, Belgium	Director
Norman J. ORNSTEIN c/o UCB S.A. Allée de la Recherche 60, 1070 Anderlecht, Belgium	Director
Cédric van RIJCKEVORSEL c/o UCB S.A. Allée de la Recherche 60, 1070 Anderlecht, Belgium	Director
Ulf WIINBERG c/o UCB S.A. Allée de la Recherche 60, 1070 Anderlecht, Belgium	Director
Viviane MONGES c/o UCB S.A. Allée de la Recherche 60, 1070 Anderlecht, Belgium	Director
Roch DOLIVEUX c/o UCB S.A. Allée de la Recherche 60, 1070 Anderlecht, Belgium	Director
PwC Réviseurs d'Entreprises SCCRL Nr.: BE 0429.501.944 Woluwe Garden Woluwedal 18, 1932 Sint-Stevens-Woluwe, Belgium Membership nr.: B00009	Auditor
Represented by:

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

DECLARATION REGARDING A COMPLIMENTARY REVIEW OR CORRECTION ASSIGNMENT

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

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

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

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

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

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

^∗ Strike out what is not applicable.

^∗∗ Optional information.

ANNUAL ACCOUNTS

BALANCE SHEET AFTER APPROPRIATION

	Discl.	Codes	Period	Preceding period
ASSETS
Formation expenses	6.1	20	11.432.086	12.311.017
FIXED ASSETS		21/28	4.146.189.163	4.822.320.141
Intangible fixed assets	6.2	21	301.978	376.605
Tangible fixed assets	6.3	22/27	17.691.802	8.965.949
Land and buildings		22	5.760.086	5.752.315
Plant, machinery and equipment		23	1.202.634	866.519
Furniture and vehicles		24	360.191	145.247
Leasing and similar rights		25
Other tangible fixed assets		26
Assets under construction and advance payments		27	10.368.891	2.201.868
Financial fixed assets 6.4/6.5.1		28	4.128.195.383	4.812.977.587
Affiliated enterprises	6.15	280/1	4.113.017.007	4.797.799.211
Participating interests		280	4.113.017.007	4.797.799.211
Amounts receivable		281
Enterprises linked by participating interests	6.15	282/3	15.126.591	15.126.591
Participating interests		282	15.126.591	15.126.591
Amounts receivable		283
Other financial assets		284/8	51.785	51.785
Shares		284	51.785	51.785
Amounts receivable and cash guarantees		285/8

Nr. BE 0403.053.608			F 3.1

Discl.	Codes	Period	Preceding period
CURRENT ASSETS	29/58	2.889.486.503	3.135.574.217
Amounts receivable after more than one year Trade debtors	29 290	1.595.672.213	1.150.397.211
Other amounts receivable	291	1.595.672.213	1.150.397.211
Stocks and contracts in progress	3
Stocks	30/36
Raw materials and consumables	30/31
Work in progress	32
Finished goods	રૂડે
Goods purchased for resale	34
Immovable property intended for sale	35
Advance payments	રૂદિ
Contracts in progress	37
Amounts receivable within one year		882.715.132	1.591.293.825
Trade debtors	40	21.524.853	19.411.606
Other amounts receivable	41	861.190.279	1.571.882.219
Current investments	50/53	112.792.121	156.395.951
Own shares	50	112.092.371	155.725.242
Other investments	51/53	699.750	670.709
Cash at bank and in hand	54/58	122.364.701	27.574.494
6.6 Deferred charges and accrued income	490/1	175.942.336	209.912.736
TOTAL ASSETS	20/58	7.047.107.752	7.970.205.375

Nr. BE 0403.053.608				F 3.2

	Discl.	Codes	Period	Preceding period
EQUITY AND LIABILITIES
EQUITY		10/15	5.336.910.951	5.547.315.799
Capital	6.7.1	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	1.999.541.663
Revaluation surpluses		12
Reserves		13	2.753.852.315	2.964.257.162
Legal reserve		130	58.351.697	58.351.697
Reserves not available		131	112.092.371	155.725.242
In respect of own shares held		1310	112.092.371	155.725.242
Other		1311
Untaxed reserves		132
Available reserves		133	2.583.408.247	2.750.180.223
Accumulated profits (losses)		14
Investment grants		15
Advance to associates on the sharing out of the assets		19
PROVISIONS AND DEFERRED TAXES		16	38.430.901	41.411.405
Provisions for liabilities and charges		160/5	38.430.901	41.411.405
Pensions and similar obligations		160	188.520	254.780
Taxation		161
Major repairs and maintenance		162
Environmental obligations		163
Other liabilities and charges	6.8	164/5	38.242.381	41.156.625
Deferred taxes		168

BE 0403.053.608					F 3.2

	Discl.	Codes	Period	Preceding period
AMOUNTS PAYABLE		17/49	1.671.765.900		2.381.478.171
Amounts payable after more than one year	6.9	17	1.260.645.396		1.500.625.501
Financial debts		170/4	1.260.645.396		1.500.625.501
Subordinated loans		170
Unsubordinated debentures		171	1.125.717.000		1.200.717.000
Leasing and other similar obligations		172
Credit institutions		173
Other loans		174	134.928.396		299.908.501
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	372.546.808		830.444.339
Current portion of amounts payable after more than one year
falling due within one year		42	92.464.198
Financial debts		43	55.178		561.263.566
Credit institutions		430/8	55.178		9.292.931
Other loans		439			551.970.635
Trade debts		44	16.833.177		15.204.473
Suppliers		440/4	16.833.177		15.204.473
Bills of exchange payable		441
Advances received on contracts in progress		46
Taxes, remuneration and social security	6.9	45	28.426.796		26.097.187
Taxes		450/3	9.794.360		9.826.908
Remuneration and social security		454/9	18.632.436		16.270.279
Other amounts payable		47/48	234.767.459		227.879.113
Accruals and deferred income	6.9	492/3	38.573.696		50.408.331
TOTAL LIABILITIES		10/49	7.047.107.752		7.970.205.375

INCOME STATEMENT

	Discl.	Codes	Period	Preceding period
Operating income		70/76A	73.975.804	77.215.918
Turnover	6.10	70
Stocks of finished goods and work and contracts in progress: increase (decrease) (+)/(-)		71
Own work capitalised		72
Other operating income	6.10	74	73.975.804	77.215.918
Non-recurring operating income	6.12	76A
Operating charges		60/66A	128.479.371	130.815.270
Raw materials, consumables		60
Purchases		600/8
(+)/(-) Stocks: decrease (increase)		609
Services and other goods		61	47.694.500	47.345.757
Remuneration, social security costs and pensions (+)/(-) Depreciation of and other amounts written off formation	6.10	62	79.882.229	84.384.939
expenses, intangible and tangible fixed assets Amounts written off stocks, contracts in progress and trade		630	2.025.639	2.276.961
debtors: Appropriations (write-backs) (+)/(-) Provisions for liabilities and charges: Appropriations (uses	6.10	631/4
(+)/(-) and write-backs)	6.10	635/8	-2.567.957	-6.925.607
Other operating charges	6.10	640/8	1.689.377	3.033.220
Operating charges carried to assets as restructuring costs(-)		649
Non-recurring operating charges	6.12	66A	-244.417	700.000
Operating profit (loss) (+)/(-)		9901	-54.503.567	-53.599.352

Nr. BE 0403.053.608				F 4
	Discl.	Codes	Period	Preceding period
Financial income		75/76B	258.162.973	181.262.054
Recurring financial income		75	249.904.455	177.791.594
Income from financial fixed assets		750	173.252.699	92.271.231
Income from current assets		751	73.706.891	80.432.734
Other financial income	6.11	752/9	2.944.865	5.087.629
Non-recurring financial income	6.12	76B	8.258.518	3.470.460
Financial charges		65/66B	181.219.863	91.301.880
Recurring financial charges	6.11	65	81.733.010	91.301.880
Debt charges		650	73.719.435	75.053.402
Amounts written off current assets except stocks, contracts in progress and trade debtors: appropriations (write-backs)
(+)/(-)		651
Other financial charges		652/9	8.013.575	16.248.478
Non-recurring financial charges	6.12	66B	99.486.853
Gain (loss) for the period before taxes	(+)/(-)	9903	22.439.543	36.360.822
Transfer from deferred taxes		780
Transfer to deferred taxes		680

Transfer to untaxed reserves .................................................. 689 ............................. .............................

Income taxes ...................................................................(+)/(-) 6.13 67/77 36.395 37.307 Taxes ..................................................................................... 670/3 36.395 37.307

Adjustment of income taxes and write-back of tax provisions 77 ............................. .............................

Gain (loss) of the period ................................................(+)/(-) 9904 22.403.148 36.323.515 Transfer from untaxed reserves ............................................. 789 ............................. .............................

Gain (loss) of the period available for appropriation (+)/(-)	9905	22.403.148	36.323.515

APPROPRIATION ACCOUNT

	Codes	Period	Preceding period
Profit (loss) to be appropriated	9906	22.403.148	36.323.515
Gain (loss) of the period available for appropriation	(9905)	22.403.148	36.323.515
Profit (loss) brought forward	14P
Withdrawals from capital and reserves	791/2	210.404.847	189.820.804
from capital and share premium account	791
from reserves	792	210.404.847	189.820.804
Transfer to capital and reserves	691/2
to capital and share premium account	691
to legal reserve	6920
to other reserves	6921
Accumulated profits (losses)	(14)
Owners' contribution in respect of losses	794
Profit to be distributed	694/7	232.807.995	226.144.319
Dividends	694	232.807.995	226.144.319
Directors' or managers' entitlements	୧୦୧
Employees	୧୫୧
Other beneficiaries	697		.

F 5

EXPLANATORY DISCLOSURES

STATEMENT OF FORMATION EXPENSES

	Codes	Period	Preceding period
Net book value at the end of the period	20P	xxxxxxxxxxxxxxx	12.311.017
Movements during the period
New expenses incurred	8002	2.285.596
Depreciation	8003	3.164.527
Other (+)/(-)	8004
Net book value at the end of the period	(20)	11.432.086
Of which
Formation or capital increase expenses, loan issue expenses and other formation expenses	200/2	11.432.086
Restructuring costs	204

Nr. BE 0403.053.608				F 6.2.3
		Codes	Period	Preceding period
CONCESSIONS, PATENTS, LICENCES, KNOW-HOW, BRANDS AND SIMILAR RIGHTS
Acquisition value at the end of the period		8052P	xxxxxxxxxxxxxxx	1.426.895
Movements during the period
Acquisitions, including produced fixed assets		8022	2.275
Sales and disposals		8032
Transfers from one heading to another	(+)/(-)	8042	29.059
Acquisition value at the end of the period		8052	1.458.229
Depreciations and amounts written down at the end of the period		8122P	xxxxxxxxxxxxxxx	1.050.290
Movements during the period
Recorded		8072	105.961
Written back		8082
Acquisitions from third parties		8092
Cancelled owing to sales and disposals		8102
Transferred from one heading to another	(+)/(-)	8112
Depreciations and amounts written down at the end of the period		8122	1.156.251
NET BOOK VALUE AT THE END OF THE PERIOD		211	301.978

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

STATEMENT OF TANGIBLE FIXED ASSETS

	Codes	Period	Preceding period
LAND AND BUILDINGS
Acquisition value at the end of the period	8191P	xxxxxxxxxxxxxxx	6.449.354
Movements during the period
Acquisitions, including produced fixed assets	8161
Sales and disposals	8171
(+)/(-) Transfers from one heading to another	8181	65.340
Acquisition value at the end of the period	8191	6.514.694
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	697.039
Movements during the period
Recorded	8271	57.569
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	754.608
NET BOOK VALUE AT THE END OF THE PERIOD	(22)	5.760.086

Nr. BE 0403.053.608				F 6.3.2
		Codes	Period	Preceding period

PLANT, MACHINERY AND EQUIPMENT
Acquisition value at the end of the period		8192P	xxxxxxxxxxxxxxx	1.597.423
Movements during the period
Acquisitions, including produced fixed assets		8162	185.577
Sales and disposals		8172
Transfers from one heading to another	(+)/(-)	8182	392.453
Acquisition value at the end of the period		8192	2.175.453
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	730.904
Movements during the period
Recorded		8272	241.915
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	972.819
NET BOOK VALUE AT THE END OF THE PERIOD		(23)	1.202.634

BE 0403.053.608				F 6.3.3
		Codes	Period	Preceding period
FURNITURE AND VEHICLES
Acquisition value at the end of the period		8193P	xxxxxxxxxxxxxxx	3.958.050
Movements during the period
Acquisitions, including produced fixed assets		8163	293.496
Sales and disposals		8173
Transfers from one heading to another	(+)/(-)	8183
Acquisition value at the end of the period		8193	4.251.546
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	3.812.803
Movements during the period
Recorded		8273	78.552
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	3.891.355
NET BOOK VALUE AT THE END OF THE PERIOD		(24)	360.191

Nr. BE 0403.053.608			F 6.3.5
	Codes	Period	Preceding period
OTHER TANGIBLE FIXED ASSETS
Acquisition value at the end of the period	8195P	xxxxxxxxxxxxxxx	1.418.240
Movements during the period
Acquisitions, including produced fixed assets	8165
Sales and disposals	8175
(+)/(-) Transfers from one heading to another	8185
Acquisition value at the end of the period	8195	1.418.240
Revaluation surpluses at the end of the period	8255P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8215
Acquisitions from third parties	8225
Cancelled	8235
(+)/(-) Transferred from one heading to another	8245
Revaluation surpluses at the end of the period	8255
Depreciations and amounts written down at the end of the period	8325P	xxxxxxxxxxxxxxx	1.418.240
Movements during the period
Recorded	8275
Written back	8285
Acquisitions from third parties	8295
Cancelled owing to sales and disposals	8305
(+)/(-) Transferred from one heading to another	8315
Depreciations and amounts written down at the end of the period	8325	1.418.240
NET BOOK VALUE AT THE END OF THE PERIOD	(26)

	Codes	Period	Preceding period
ASSETS UNDER CONSTRUCTION AND ADVANCE PAYMENTS
Acquisition value at the end of the period	8196P	xxxxxxxxxxxxxxx	2.201.868
Movements during the period
Acquisitions, including produced fixed assets	8166	8.653.875
Sales and disposals	8176
(+)/(-) Transfers from one heading to another	8186	-486.852
Acquisition value at the end of the period	8196	10.368.891
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)	10.368.891

Nr. BE 0403.053.608 F 6.3.6

STATEMENT OF FINANCIAL FIXED ASSETS

	Codes	Period	Preceding period
AFFILIATED ENTERPRISES - PARTICIPATING INTERESTS AND SHARES
Acquisition value at the end of the period	8391P	xxxxxxxxxxxxxxx	4.893.494.566
Movements during the period
Acquisitions	8361	2.000.044
Sales and disposals	8371	595.553.913
(+)/(-) Transfers from one heading to another	8381
Acquisition value at the end of the period	8391	4.299.940.697
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	95.695.355
Movements during the period
Recorded	8471	99.486.853
Written back	8481	8.258.518
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	186.923.690
Uncalled amounts at the end of the period	8551P	xxxxxxxxxxxxxxx
Movements during the period (+)/(-)	8541
Uncalled amounts at the end of the period	8551

NET BOOK VALUE AT THE END OF THE PERIOD	(280)	4.113.017.007
AFFILIATED ENTERPRISES - AMOUNTS RECEIVABLE
NET BOOK VALUE AT THE END OF THE PERIOD	281P	xxxxxxxxxxxxxxx
Movements during the period
Additions	8581
Repayments	8591
Amounts written down	8601
Amounts written back	8611
(+)/(-) Exchange differences	8621
Other movements (+)/(-)	8631
NET BOOK VALUE AT THE END OF THE PERIOD	(281)

ACCUMULATED AMOUNTS WRITTEN OFF AMOUNTS RECEIVABLE AT END OF THE PERIOD	8651

	Codes	Period	Preceding period
ENTERPRISES LINKED BY A PARTICIPATING INTEREST - PARTICIPATING INTERESTS AND SHARES
Acquisition value at the end of the period	8392P	xxxxxxxxxxxxxxx	15.126.591
Movements during the period
Acquisitions	8362
Sales and disposals	8372
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
Movements during the period
Recorded	8472
Written back	8482
Acquisitions from third parties	8492
Cancelled owing to sales and disposals	8502
Transferred from one heading to another (+)/(-)	8512
Amounts written down at the end of the period	8522
Uncalled amounts at the end of the period	8552P	xxxxxxxxxxxxxxx
(+)/(-) Movements during the period	8542
Uncalled amounts at the end of the period	8552
NET BOOK VALUE AT THE END OF THE PERIOD	(282)	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

	Codes	Period	Preceding period
OTHER ENTERPRISES - PARTICIPATING INTERESTS AND SHARES
Acquisition value at the end of the period	8393P	xxxxxxxxxxxxxxx	53.800
Movements during the period
Acquisitions	8363
Sales and disposals	8373
(+)/(-) Transfers from one heading to another	8383
Acquisition value at the end of the period	8393	53.800
Revaluation surpluses at the end of the period	8453P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8413
Acquisitions from third parties	8423
Cancelled	8433
(+)/(-) Transferred from one heading to another	8443
Revaluation surpluses at the end of the period	8453
Amounts written down at the end of the period	8523P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8473
Written back	8483
Acquisitions from third parties	8493
Cancelled owing to sales and disposals	8503
(+)/(-) Transferred from one heading to another	8513
Amounts written down at the end of the period	8523
Uncalled amounts at the end of the period	8553P	xxxxxxxxxxxxxxx	2.015
(+)/(-) Movements during the period	8543
Uncalled amounts at the end of the period	8553	2.015
NET BOOK VALUE AT THE END OF THE PERIOD	(284)	51.785
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

Nr. BE 0403.053.608 F 6.4.3

PARTICIPATING INTERESTS INFORMATION

PARTICIPATING INTERESTS AND SHARES IN OTHER ENTERPRISES

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

	Rights held			Data extracted from the most recent annual accounts
NAME, full address of the REGISTERED OFFICE and for an enterprise governed by Belgian law, the		directly		subsidiari es	Annual	Curre	Capita land reserves	Net result
COMPANY IDENTIFICATION NUMBER	Nature	Number	%	%	accounts as per	ncy code	(+) or (-) (in units)
UCB Pharma SA BE 0403.096.168 Public limited company Allee de la Recherche 60 1070 Anderlecht Belgium	Ordinary				31/12/2018	EUR	2.219.586.774	165.591.113
UCB Australia Pty. LTD	shares - IFRS	figures111.643.959	100,0	0,0
Foreign company Level 1, 1155 Malvern Road (PO Box 158)
Australia					31/12/2018	AUD	24.457.258	1.457.252
	Ordinary shares - IFRS	figures 17.900.000	100,0	0,0
	Preferred shares	300.000	100,0	0,0
	Redeemable Preference Shares	4.800.000	100,0	0,0
UCB Finance NV Foreign company Hoge Mosten, 2 4822 NK BREDA Netherlands					31/12/2018	EUR	1.540.777.180	98.860.246
	Ordinary shares - IFRS figures	538.459	100,0	0,0
UCB Japan Co LTD Foreign company Shinjuku Grand Tower, 8-17-1 Nishi-Shinjuku Shinjuku-ku, 160-0023, Tokyo Japan					31/12/2018	JPY	6.900.987.630	844.551.492

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

	Rights held				Data extracted from the most recent annual accounts
NAME, full address of the REGISTERED OFFICE and for an enterprise governed by Belgian law, the		directly		subsidiari es	Annual	Curre	Capita land reserves	Net result
COMPANY IDENTIFICATION NUMBER	Nature	Number	%	%	accounts as per	ncy code	(+) or (-) (in units)
UCB (Investments) LTD Foreign company Bath Road 208 SLOUGH, SL1 3WE Berkshire United Kingdom	Ordinary shares - IFRS figures	69.980	100,0	0,0	31/12/2018	GBP	463.082.504	25.074.936
	Cumulative Preference Shares - IFRS Ordinary Shares	figures 44.928.426 1.000.100	100,0 100,0	0,0 0,0
UCB DE MEXICO S.A. de C.V. Foreign company Homero, 440 7° Floor Col. Chapultepec Morales, 11570 MEXICO D.F. Mexico					31/12/2018	MXN	152.221.399	33.275.211
UCB Pharma France SA	Ordinary shares - IFRS	figures 51.449.999	100,0	0,0
Foreign company rue Estienne d'Orves 420 F 92700 COLOMBES France	Ordinary				31/12/2018	EUR	114.061.466	4.004.216
	shares - IFRS figures	551.539	99,99	0,01
UCB Pharma S.P.A. (Italy) Foreign company Via Varesina 162
Italy	Ordinary shares - IFRS figures	474.525	99,9	0,1	31/12/2018	EUR	75.062.540	26.835.895
UCB Pharma (Produtos Farmacêuticos) Lda Foreign company Rua Victor Câmara, Edifício Q 60, D. Maria I, Piso 1 60
Portugal					31/12/2018	EUR	4.495.069	355.450

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

	Rights held				Data extracted from the most recent annual accounts
NAME, full address of the REGISTERED OFFICE and for an enterprise governed by Belgian law, the		directly		subsidiari es	Annual	Curre	Capita land reserves	Net result
COMPANY IDENTIFICATION NUMBER	Nature	Number	%	%	accounts as per	ncy code	(+) or (-) (in units)
UCB Pharma S.A. (Spain)	Ordinary shares - IFRS Figures	88.500	98,33	1,67
Foreign company Plaza de Manuel Gómez Moreno Madrid 28020 Spain	Ordinary shares - IFRS figures	9.600	100,0	0,0	31/12/2018	EUR	190.777.887	25.903.494
UCB A.E. (Greece) Foreign company 63, Agiou Dimitriou Street 17456 Alimos, Athens Greece	Ordinary				31/12/2018	EUR	6.930.980	-759.106
UCB (Pharma) Ireland LTD Foreign company Unit Drug House, Magna Drive	shares - IFRS Figures	368.013	99,85	0,15
Magna Business Park, DUBLIN 24 Ireland	Ordinary shares - IFRS figures	59.999	99,99	0,01	31/12/2018	EUR	2.851.932	43.702
UCB Korea Co LTD Foreign company 4th Fl., A+ Asset Tower, 369 Gangnam-daero, Seocho-gu Seoul 06621 Korea (Dem. People's Rep.)					31/12/2018	KRW	16.011.617.238	4.034.929.648
UCB Biopharma S.A.	Ordinary shares - IFRS figures	138.666	100,0	0,0
Foreign company Av. Brigadeiro Faria Limal 2005005 Rio de Janeiro Brazil	Ordinary shares - IFRS				31/12/2018	BRL	137.666.532	-13.526.971
		figures537.774.156	99,99	0,01

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

	Rights held				Data extracted from the most recent annual accounts
NAME, full address of the REGISTERED OFFICE and for an enterprise governed by Belgian law, the		directly		subsidiari es	Annual	Curre	Capita land reserves	Net result
COMPANY IDENTIFICATION NUMBER	Nature	Number	%	%	accounts as per	ncy code	(+) or (-) (in units)
UCB Pharmaceuticals (Taiwan) Ltd Foreign company 12F.-2, No.88, Dunhua N. Rd., Songshan Dist Tapei China	Ordinary shares -				31/12/2018	TWD	19.465.527	-50.062
UCB Trading (SG) Pte Ltd Foreign company Marina Boulevard 8 018981 Singapore	IFRS figures	1	100,0	0,0
Singapore	Ordinary shares - IFRS figures	244.001	100,0	0,0	31/12/2018	SGD	309.418	-3.856
UCB Trading Malaysia Sdn Bhd Foreign company The Gardens South Tower Kuala Lumpur Malaysia	Ordinary shares - IFRS figures	400.000	100,0	0,0	31/12/2018	MYR	182.081	43.827
UCB Trading (Thailand) Ltd. Foreign company Sathorn Square 98
Thailand	Ordinary shares - IFRS figures	1.249.998	99,99	0,01	31/12/2018	THB	6.202.357	-1
UCB Trading (Shangai) CO LTD Foreign company Room 317, No. 439 Fu Te Xi Yi Road SHANGAI
China	Ordinary shares - IFRS figures	1	100,0	0,0	31/12/2018	CNY	28.630.569	16.261.741

		Rights held			Data extracted from the most recent annual accounts
NAME, full address of the REGISTERED OFFICE and for an enterprise governed by Belgian law, the		directly		subsidiari es	Annual	Curre	Capita land reserves	Net result
COMPANY IDENTIFICATION NUMBER	Nature	Number	%	%	accounts as per	ncy code		(+) or (-) (in units)
UCB Pharma A.S. (TURKEY) Foreign company Palladium Tower, Barbaros Mah., Kardelen Sok. No.2, Kat.24/80 Istanbul Turkey	Ordinary shares - IFRS figures	1.095.430	100,0	0,0	31/12/2018	TRY	95.294.408	38.503.810
UCB India Private Ltd Foreign company 504, Peninsula Towers, Ganpatrao Kadam Marg, Lower Parel, 400013 MUMBAI India	Ordinary shares -				31/12/2018	INR	464.940.162	8.824.522
Uni-Mediflex Private Limited Foreign company 504, Peninsula Corporate Park Ganpatrao Kadam Marg 400013 Mumbay India	IFRS figures	3.527	99,99	0,01	31/12/2018	INR	7.609.439	-222.652
UCB S.R.O.	Ordinary shares - IFRS figures	290.000	99,99	0,01
Foreign company Thamova 13 18600 PRAHA 8 Czech Republic	Ordinary shares - IFRS				31/12/2018	CZK	45.780.288	7.123.059
UCB GMBH Foreign company Alfred Nobelstrasse 10 D 40789 MONHEIM		figures 12.300.600	100,0	0,0
Germany	Shares - IFRS figures	394.000	5,21	94,79	31/12/2018	EUR	383.315.718	71.905.287

	Rights held				Data extracted from the most recent annual accounts
NAME, full address of the REGISTERED OFFICE and for an enterprise governed by Belgian law, the		directly		subsidiari es	Annual	Curre	Capita land reserves	Net result
COMPANY IDENTIFICATION NUMBER	Nature	Number	%	%	accounts as per	ncy code	(+) or (-) (in units)
UCB HUNGARY LTD Foreign company Obuda Gate Building, Arpad Fejelum utja 26-28, 1023 BUDAPEST Hungary					31/12/2018	HUF	582.550.465	190.485.556
UCB Pharma Sp. z.o.o. (Poland) Foreign company	Shares - IFRS	figures148.000.000	100,0	0,0
Ul. Kruczkowskego 8 00-380 WARSAWA Poland	Ordinary shares - IFRS				31/12/2018	PLN	80.092.762	10.070.840
UCB Pharma LLC (Russia) Foreign company Shturvalnaya str. bldg 1 5 Moscow 1253645 Russian Federation	figures Ordinary shares - IFRS	236.456	78,05	21,95	31/12/2018	RUB	180.464.883	36.367.817
UCB Bulgaria EOOD Foreign company 15, Ljubata Str., Fl. 4 apt. 10-11 Lozenetz, Sofia 1407	figures	1	100,0	0,0			1.016.613	242.311
Bulgaria	Ordinary shares - IFRS figures	500	100,0	0,0	31/12/2018	BGN
UCB Pharma Romania SRL Foreign company 40-44 Banu Antonache, 4th fl., district 1 011665 Bucharest Romania	Ordinary				31/12/2018	RON	1.986.761	425.115
	shares - IFRS figures	20	100,0	0,0

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

	Rights held			Data extracted from the most recent annual accounts
NAME, full address of the REGISTERED OFFICE and for an enterprise governed by Belgian law, the		directly		subsidiari es	Annual	Curre	Capita land reserves	Net result
COMPANY IDENTIFICATION NUMBER	Nature	Number	%	%	accounts as per	ncy code	(+) or (-) (in units)
UCB Pharma Logistics LLC Foreign company Perevedenovky pereulok, 13, building 21 Moscow 119048 Russian Federation	Ordinary shares -				31/12/2018	RUB	-638.396.360	-1.853.256
UCB Ventures SA BE 0667.816.096 Public limited company Allée de la Recherche 60 1070 Anderlecht	IFRS figures	1	100,0	0,0
Belgium	ordinary shares paid-up at 70% - IFRS	figures 59.999.999	99,99	0,01	31/12/2018	EUR	22.639.697	-798.032
UCB Manufacturing Ireland Ltd. Foreign company Shannon Industrial Estate
Ireland	Classe A shares -				31/12/2018	EUR	185.405.592	25.837.249
	IFRS figures Deferred	1.400.000	100,0	0,0
	ordinary shares	800.000	100,0	0,0
Dermira INC Foreign company Middlefield Rd Menlo Park 275 94025 California United States	Ordinary shares - IFRS figures	1.841.234	4,37	0,0	30/09/2018	USD	53.847.000	-149.730.000

	Codes	Period	Preceding period
INVESTMENTS: OTHER INVESTMENTS AND DEPOSITS
Shares and current investments other than fixed income investments	51	699.750	670.709
Shares - Book value increased with the uncalled amount	8681	699.750	670.709
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	167.946.005
Deferred Insurance	4.959.786
Interest receivable	2.675.252
Unrealized exchange differences	4.953
Other expenses to be carried forward	356.341

Preceding period

STATEMENT OF CAPITAL AND SHAREHOLDING STRUCTURE

STATEMENT OF CAPITAL
Social capital
lssued capital at the end of the period				583.516.974
Issued capital at the end of the period		583.516.974

	Codes	Value		Number of shares
Changes during the period
////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………
Structure of the capital
Different categories of shares
Ordinary shares		583.516.974		194.505.658


//////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////// Registered shares		XXXXXXXXXXXXXXX		68.735.150
Shares dematerialized		XXXXXXXXXXXXXXX		125.770.508

		Uncalled amount		Capital called but not
	Codes			paid
Capital not paid
Uncalled capital				XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
Called up capital, unpaid		XXXXXXXXXXXXXXXXXXX
Shareholders having yet to pay up in full
��
��
…………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………


			Codes	Period
Own shares
Held by the company itself
Amount of capital held			8721	112.092.371
Corresponding number of shares				2.102.356
Held by the subsidiaries
Amount of capital held			8731	224.872.075
Corresponding number of shares				3.494.828

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

Authorized capital not issued			8751

Codes |

Period

Nr. F 6.7.1 BE 0403.053.608
-----------------------------------

	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

Notifications received pursuant to the law of 2 May 2007 on disclosure of large shareholdings
Last update:	Situation as per
Share capital	€ 583,516,974
Total number of voting rights (= denominator)	194,505,658		13 March 2014
1 Financière de Tubize SA ('Tubize')
securities carrying voting rights (shares)	68,076,981	35.00%	19 January 2018
2 UCB SA/NV
securities carrying voting rights (shares)	2,102,356	1.08%	31 December 2018
assimilated financial instruments (options)(1)	0	0.00%	06 March 2017
assimilated financial instruments (other)(1)	0	0.00%	18 December 2015
Total	2,102,356	1.08%
3 UCB Fipar SA
securities carrying voting rights (shares)	3,494,828	1.80%	31 December 2018
assimilated financial instruments (options)(1)	435,000	0.22%	03 June 2015
assimilated financial instruments (other)(1)	0	0.00%	25 December 2015
Total	3,929,828	2.02%
UCB SA/NV + UCB Fipar SA(2)	6,032,184	3.10%
securities carrying voting rights (shares)	5,597,184	2.88%
assimilated financial instruments (options)(1)	435,000	0.22%
assimilated financial instruments (other)(1)	0	0.00%
Free float(4) (securities carrying voting rights (shares))	120,831,493	62.12%
4 Vanguard Health Care Fund
securities carrying voting rights (shares)	9,741,353	5.01%	28 October 2014
5 BlackRock, Inc.
securities carrying voting rights (shares)	9,072,842	4.66%	27 December 2018

(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 Law of 2 May 2007 on the disclosure of large shareholdings, 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)Free float being the UCB shares not held by the reference shareholder (Tubize), 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.

Nr.	BE 0403.053.608	F 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	21.468.473
Stock options provision	14.905.798
Stock appreciation rights provision	1.580.657
Restructuring provision	287.453

STATEMENT OF AMOUNTS PAYABLE, ACCRUED CHARGES AND DEFERRED INCOME

	Codes	Period
BREAKDOWN OF AMOUNTS PAYABLE WITH AN ORIGINAL PERIOD TO MATURITY OF MORE THAN ONE
YEAR, ACCORDING TO THEIR RESIDUAL TERM

Current portion of amounts payable after more than one year falling due within one year		92.464.198
Financial debts	8801
Subordinated loans	8811
Unsubordinated debentures	8821	92.464.198
Leasing and other similar obligations	8831
Credit institutions
Other loans	8851
Trade debts	8861
Suppliers
Bills of exchange payable
Advance payments received on contract in progress
Other amounts payable
Total current portion of amounts payable after more than one year falling due within one year (42)		92.464.198
Amounts payable with a remaining term of more than one but not more than five years
Financial debts	8802	1.260.645.396
Subordinated loans
Unsubordinated debentures		1.125.717.000
Leasing and other similar obligations	8832
Credit institutions	8842
Other loans	8852	134.928.396
Trade debts	8862
Suppliers
Bills of exchange payable
Advance payments received on contracts in progress
Other amounts payable	8902
Total amounts payable with a remaining term of more than one but not more than five years 8912		1.260.645.396
Amounts payable with a remaining term of more than five years
Financial debts
Subordinated loans
Unsubordinated debentures
Leasing and other similar obligations
Credit institutions	8843
Other loans	8853
Trade debts	8863
Suppliers	8873
	8883
Bills of exchange payable
Advance payments received on contracts in progress
Other amounts payable	8903
Total amounts payable with a remaining term of more than five years	8913

F 6.9

Nr. BE 0403.053.608			F 6.9

		Codes	Period
GUARANTEED AMOUNTS PAYABLE (included in headings 17 and 42/48 of the liabilities)
Amounts payable guaranteed by Belgian public authorities
	Financial debts	8921
	Subordinated loans
	Unsubordinated debentures	8941
	Leasing and similar obligations
	Credit institutions	8961
	Other loans	8971
	Trade debts	8981
	Suppliers	8991
	Bills of exchange payable	9001
	Advance payments received on contracts in progress
	Remuneration and social security
	Other amounts payable	9051

	Total amounts payable guaranteed by Belgian public authorities	9061

own assets	Amounts payable guaranteed by real securities or irrevocably promised by the enterprise on its
	Financial debts	8922
	Subordinated loans
	Unsubordinated debentures
	Leasing and similar obligations
	Credit institutions	8962
	Other loans	8972
	Trade debts	8982
	Suppliers
	Bills of exchange payable	9002
	Advance payments received on contracts in progress
	Taxes, remuneration and social security
	Taxes	9032
	Remuneration and social security
	Other amounts payable	9052

	Total amounts payable guaranteed by real securities or irrevocably promised by the enterprise on its own assets	9062

	Codes	Period
TAXES, REMUNERATION AND SOCIAL SECURITY
Taxes (heading 450/3 of the liabilities)
Outstanding tax debts
Accruing taxes payable		9.762.944
Estimated taxes payable		31.416
Remuneration and social security (heading 454/9 of the liabilities)
Amounts due to the National Security Office
Other amounts payable in respect of remuneration and social security		18.632.436

First - F2017 - 35 / 59

BE 0403.053.608		F 6.9
		Period
ACCRUALS AND DEFERRED INCOME
Allocation of heading 492/3 of liabilities if the amount is significant
	Accrued interests	29.141.084
	Stock options recharges	8.122.798
	Unrealized exchange differences	1.134.611
	Other accrued charges	175.203

OPERATING RESULTS

	Codes	Period	Preceding period
OPERATING INCOME
Net turnover
Allocation by categories of activity
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Allocation into geographical markets
////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////
��
��
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Other operating income Operating subsidies and compensatory amounts received from public authorities
OPERATING CHARGES
Employees for whom the enterprise submitted a DIMONA declaration or who are recorded in the general personnel register
Total number at the closing date	9086	180	153
Average number of employees calculated in full-time equivalents	9087	172,2	148,6
Number of actual worked hours	9088	283.921	249.693
Personnel costs
Remuneration and direct social benefits	620	37.114.620	32.562.829
Employers' contribution for social security	621	7.773.450	11.802.274
Employers' premiums for extra statutory insurance	622	5.977.634	4.157.149
Other personnel costs	623	29.016.525	35.862.687
Retirement and survivors' pensions	624

Nr.	BE 0403.053.608				F 6.10

			Codes	Period	Preceding period
	Provisions for pensions and other similar rights
(+)/(-) Appropriations (uses and write-backs)		635	-66.260	-78.790
	Amounts written off
	Stocks and contracts in progress
	Recorded		9110
	Written back		9111
	Trade debts
	Recorded		9112
	Written back		9113
	Provisions for liabilities and charges
	Additions		9115
	Uses and write-backs		9116	2.567.957	6.925.607
	Other operating charges
	Taxes related to operation		640	899.226	1.928.179
	Other costs		641/8	790.151	1.105.041
	Hired temporary staff and personnel placed at the enterprise's disposal
	Total number at the closing date		9096
	Average number calculated in full-time equivalents		9097	1,3	0,9
	Number of actual worked hours		9098	2.506	1.814
	Costs to the enterprise		617	61.195	48.173

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
Foreign exchange		1.640.331	4.422.096
Gains on disposal of equity securities		0	331.173
Other financial income		1.304.534	334.360
RECURRING FINANCIAL CHARGES
Depreciation of loan issue expenses	6501	1.622.885	1.565.048
Capitalized Interests	6503
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
Foreign exchange (+)/(-)		6.526.289	10.870.116
Bank charges (+)/(-)		112.151	222.627
(+)/(-) Various bank charges		1.375.135	1.534.896
(+)/(-) Loss on sale of options		0	3.620.839

INCOME AND CHARGE OF EXCEPTIONAL SIZE OR INCIDENCE

	Codes	Period	Preceding period
NON RECURRING INCOME	76	8.258.518	3.470.460
Non-recurring operating income	(76A)
Write-back of depreciation and of amounts written off intangible and tangible
fixed assets	760
Write-back of provisions for extraordinary operating liabilities and charges	7620
Capital gains on disposal of intangible and tangible fixed asset	7630
Other non-recurring operating income	764/8
Non-recurring financial income	(76B)	8.258.518	3.470.460
Write-back of amounts written down financial fixed assets	761	8.258.518	3.470.460
Write-back of provisions for extraordinary financial liabilities and charges	7621
Capital gains on disposal of financial fixed assets	7631
Other non-recurring financial income	769
NON-RECURRING EXPENSES	66	99.242.436	700.000
Non-recurring operating charges	(66A)	-244.417	700.000
Non-recurring depreciation of and amounts written off formation expenses, intangible and tangible fixed assets	660
Provisions for extraordinary operating liabilities and charges: Appropriations (uses) (+)/(-)	6620	-412.547	700.000
Capital losses on disposal of intangible and tangible fixed assets	6630
Other non-recurring operating charges	664/7	168.130
Non-recurring operating charges carried to assets as restructuring costs .(-)	6690
Non-recurring financial charges	(66B)	99.486.853
Amounts written off financial fixed assets	661	99.486.853
Provisions for extraordinary financial liabilities and charges - Appropriations (uses) (+)/(-)	6621
Capital losses on disposal of financial fixed assets	6631
Other non-recurring financial charges	668
Non-recurring financial charges carried to assets as restructuring costs (-)	6691

INCOME TAXES AND OTHER TAXES

	Codes	Period
INCOME TAXES
Income taxes on the result of the period		31.416
Income taxes paid and withholding taxes due or paid		31.416
Excess of income tax prepayments and withholding taxes paid recorded under assets 9136
Estimated additional taxes
Income taxes on the result of prior periods		4.979
Additional income taxes due or paid		4.979
Additional income taxes estimated or provided for
In so far as taxes of the period are materially affected by differences between the profit before taxes as stated in annual accounts and the estimated taxable profit
Impairments on shares		91.228.335
Taxed provisions		-4.521.481
Dividend received deduction		-125.804.781
Disallowed expenses		16.368.269

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

	Codes	Period
Status of deferred taxes
Deferred taxes representing assets		277.318.802
Accumulated tax losses deductible from future taxable profits
Other deferred taxes representing assets
Dividend received deduction		277.318.802
��
……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………
Deferred taxes representing liabilities
Allocation of deferred taxes representing liabilities
……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………
��

	Period	Preceding period
VALUE ADDED TAXES AND OTHER TAXES BORNE BY THIRD PARTIES
Value added taxes charged
To the enterprise (deductible)	11.232.172	8.377.203
By the enterprise	7.979.310	5.233.753
Amounts withheld on behalf of third party
For payroll withholding taxes	15.212.421	18.578.104
For withholding taxes on investment income	31.540.581	33.218.068

Nr. BE 0403.053.608	F 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	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

Nr. BE 0403.053.608		F 6.14
	Codes	Period
GOODS AND VALUES, NOT DISCLOSED IN THE BALANCE SHEET, HELD BY THIRD PARTIES IN THEIR
OWN NAME BUT AT RISK TO AND FOR THE BENEFIT OF THE ENTERPRISE

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

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

SUBSTANTIAL COMMITMENTS TO DISPOSE OF FIXED ASSETS
��


FORWARD TRANSACTIONS
Goods purchased (to be received)	9213
Goods sold (to be delivered)	9214
Currencies purchased (to be received)	9215	620.360.205
Currencies sold (to be delivered)	9216	551.448.793

Nr.	BE 0403.053.608		F 6.14

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

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

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

Brief description

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

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

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

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

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

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

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

death benefit
temporary pensions to orphans.

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

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

Measures taken by the enterprise to cover the resulting charges

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

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

Nr.	BE 0403.053.608		F 6.14

			Period
ITMENTS TO PURCHASE OR SALE AVAILABLE TO THE COMPANY AS ISSUER OF OPTIONS FOR SALE OR PURCHASE

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

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

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

	Codes	Period	Preceding period
AFFILIATED ENTERPRISES
Financial fixed assets	(280/1)	4.113.017.007	4.797.799.211
Participating interests	(280)	4.113.017.007	4.797.799.211
Subordinated amounts receivable	9271
Other amounts receivable	9281
Amounts receivable	9291	2.231.242.155	2.739.208.221
Over one year	9301	1.595.449.020	1.150.222.956
Within one year	9311	635.793.135	1.588.985.265
Current investments	9321
Shares	9331
Amounts receivable	9341
Amounts payable	9351	1.343.838	537.352.605
Over one year	9361
Within one year	9371	1.343.838	537.352.605
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	173.252.699	92.270.766
Income from current assets	9431	73.684.018	80.423.545
Other financial income	9441	5.042.548	762.964
Debt charges	9461	26.047.126	25.258.896
Other financial charges	9471	6.536.885	21.166.572
Disposal of fixed assets
Capital gains obtained	9481
Capital losses suffered	9491

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

Nr.

BE 0403.053.608

	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

	Nr.	BE 0403.053.608		F 6.16
--	-----	-----------------	--	--------

FINANCIAL RELATIONSHIPS WITH

DIRECTORS, MANAGERS, INDIVIDUALS OR BODIES CORPORATE WHO CONTROL THE ENTERPRISE WITHOUT BEING ASSOCIATED THEREWITH OR OTHER ENTERPRISES CONTROLLED BY THESE PERSONS

	Codes	Period
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
To former directors and former managers	9504

AUDITORS OR PEOPLE THEY ARE LINKED TO

	Codes	Period
Auditor's fees	9505	435.000
Fees for exceptional services or special missions executed in the company by the auditor
Other attestation missions	95061	56.375
Tax consultancy	95062
Other missions external to the audit	95063	111.049
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	30.860

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

Nr.	BE 0403.053.608	F 6.18.1

INFORMATION RELATING TO CONSOLIDATED ACCOUNTS

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

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

VALUATION RULES

SUMMARY OF VALUATION RULES.

I. Formation expenses.

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

II. Intangible fixed assets.

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

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

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

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

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

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

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

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

III. Tangible fixed assets.

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

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

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

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

|--|

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

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

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

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

IV. Financial fixed assets.

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

V. Receivables and liabilities.

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

VI. Foreign currencies.

A. Foreign currency transactions

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

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

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

B. Fair value hedges : FX risks

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

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

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

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

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

C. Fair value hedges : interest rate risk

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

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

D. Cash flow hedge : FX risks

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

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

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

E. Cash flow hedge : interest rate risks

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

		BE 0403.053.608		Nr.
--	--	-----------------	--	-----

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

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

F. Net investment hedge

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

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

VII. Accounting treatment of fair value adjustments on loans being acquired

UCB amended the accounting treatment of fair value adjustments on loans being acquired under the Belgian Generally Accepted Accounting Principles (BEGAAP), applicable to the 2016 full year accounts, as follows: UCB SA/NV will recognize the intercompany loans that are transferred from UCB Lux S.A. at nominal value and will recognize the differences between the acquisition value (= fair value) and the nominal value of these loans on an accrual account.

As a result of this change, a fair market value of € 207 million has been recognized as a deferred charge on the balance sheet and will be taken in income statement pro rata temporis on a linear basis over the remaining duration of the loans. The total net result for accounting year 2016 has been negatively affected by an amount of € 3 million instead of € 207 million in case of immediate recognition in the income statement (as per the old accounting rules).

The new accounting treatments are in the best interest of the Company and are in accordance with applicable laws and regulations.

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.

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,

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

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.

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	167	13	177,2
By nature of the employment contract
Contract for an indefinite period	110	150	13	160,2
Contract for a definite period	111	17		17,0
Contract for the execution of a specifically assigned work	112
Replacement contract	113
According to gender and study level
Men	120	66	2	67,6
primary education	1200
secondary education	1201	1		1,0
higher non-university education	1202	2	1	2,8
university education	1203	63	1	63,8
Women		101	11	109,6
primary education	1210
secondary education	1211	12	2	13,6
higher non-university education	1212	2	6	6,6
university education	1213	87	3	89,4
By professional category
Management staff	130	16		16,0
Employees	134	151	13	161,2
Workers	132
Others	133

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

During the period	Codes	1. Hired temporary staff
Average number of persons employed	150	1,3
Number of hours actually worked	151	2.506
Costs for the enterprise	152	61.195

LIST OF PERSONNEL MOVEMENTS DURING THE PERIOD

ENTRIES	Codes	1. Full-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	42	42,0
By nature of employment contract
Contract for an indefinite period	210	25	25,0
Contract for a definite period	211	17	17,0
Contract for the execution of a specifically assigned work	212
Replacement contract	213

Number of employees whose contract-termination date has been entered in DIMONA declaration or in the general personnel register during the financial year	305	13	2	14,2
By nature of employment contract
Contract for an indefinite period	310	11	2	12,2
Contract for a definite period	311	2		2,0
Contract for the execution of a specifically assigned work	312
Replacement contract	313
By reason of termination of contract
Retirement	340
Unemployment with extra allowance from enterprise	341
Dismissal	342	4		4,0
Other reason	343	9	2	10,2
the number of persons who continue to render services to the enterprise at least half-time on a self-employed basis	350

DEPARTURES	Codes	1. Full-time	2. Part-time	3. Total full-time equivalents
Number of employees whose contract-termination date has been entered in DIMONA declaration or in the general personnel register during the financial year	305	13	2	14,2
By nature of employment contract
Contract for an indefinite period	310	11	2	12,2
Contract for a definite period	311	2		2,0
Contract for the execution of a specifically assigned work	312
Replacement contract	313
By reason of termination of contract
Retirement	340
Unemployment with extra allowance from enterprise	341
Dismissal	342	4		4,0
Other reason	343	9	2	10,2
the number of persons who continue to render services to
the enterprise at least half-time on a self-employed basis	350

Nr. BE 0403.053.608		F 10
------------------------	--	------

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	59	5811	95
Number of actual training hours	5802	785	5812	1.084
Net costs for the enterprise	5803	44.346	5813	50.766
of which gross costs directly linked to training	58031	38.979	58131	45.482
of which fees paid and paiments to collective funds	58032	5.367	58132	5.284
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