UCB — Major Shareholding Notification 2017

Feb 8, 2017

Brussels (Belgium), 8 February 2017 – 20:00 (CET) – regulated information

1. Summary of the notifications

Pursuant to Article 14 of the law of 2 May 2007 on the disclosure of large shareholdings, UCB SA/NV announces that it has received 2 transparency notifications dated 2 and 3 February 2017 respectively, from BlackRock, Inc. (having its registered offices at 55 East 52nd Street, New York, NY, 10055, U.S.A.).

In the first notification, BlackRock, Inc. has notified that, following an acquisition of UCB shares with voting rights by its affiliates, its shareholding in UCB SA/NV had increased and had crossed the 3% threshold on 1 February 2017. In the second notification, BlackRock, Inc. has informed that, following a disposal of UCB shares with voting rights by its affiliates, its shareholding in UCB SA/NV has decreased and has crossed downward the 3% threshold on 2 February 2017.

On 1 February 2017, BlackRock, Inc. (taking into account the holding of its affiliates) owned 5 844 381 UCB shares with voting rights (versus 5 744 828 UCB shares in its previous notification dated 30 January 2017), representing 3.00% of the total number of shares issued by the company (194 505 658) (versus 2.95% in the notification dated 30 January 2017).

On 2 February 2017, BlackRock, Inc. (taking into account the holding of its affiliates) owned 5 776 620 UCB shares with voting rights, representing 2.97% of the total number of shares issued by the company.

2. Content of the notifications

The transparency notification dated 2 February 2017 includes the following information:

• Date on which the threshold is crossed: 1 February 2017.
• Notified details:

A) Voting rights		Previous notification		After the transaction
		# of voting rights		# of voting rights			% of voting rights
Holders of voting rights					Linked to securities		Not linked to the securities	Linked to securities		Not linked to the securities
BlackRock, Inc.		0			0			0,00%
BlackRock (Netherlands) B.V.		19.816			19.816			0,01%
BlackRock (Singapore) Limited		6.386			6.386			0,00%
BlackRock Advisors (UK) Limited		836.658			937.136		0,48%
BlackRock Advisors, LLC		63.253			63.253			0,03%
BlackRock Asset Management Canada Limited		61.391			61.391			0,03%
BlackRock Asset Management Deutschland AG	230.309 230.309					0,12%
BlackRock Asset Management North Asia Limited		644		644			0,00%
BlackRock Financial Management, Inc.		78.888			78.888			0,04%
BlackRock Fund Advisors		1.791.052			1.793.923			0,92%
BlackRock Institutional Trust Company, National Association		2.034.402			2.032.966			1,05%
BlackRock International Limited		11.609			11.609			0,01%
BlackRock Investment Management (Australia) Limited		41.852			41.852			0,02%
BlackRock Investment Management (UK) Limited		158.913			156.553			0,08%
BlackRock Investment Management, LLC		230.604			230.604			0,12%
BlackRock Japan Co., Ltd.		179.051		179.051			0,09%
Subtotal	5.744.828		5.844.381				3,00%
		TOTAL		5.844.381		0 3,00%			0,00%
B) Equivalent financial instruments					After the transaction
Holders of equivalent financial instruments		Type of financial instrument			Expiration date Exercise period or date		# of voting rights that may be acquired if the instrument is exercised		% of voting rights	Settlement
BlackRock Advisors (UK) Limited		Securities Lent					73.535		0,04%	physical
BlackRock Institutional Trust Company, National Association		Securities Lent					9.130	0,00%		physical
BlackRock Investment Management (UK) Limited	Securities Lent		5.400			0,00%	physical
BlackRock Japan Co., Ltd.	Securities Lent						14.677		0,01%	physical
BlackRock Institutional Trust Company, National Association BlackRock Investment Management	Contract for Difference						7.683		0,00%	cash
(UK) Limited		Contract for Difference					342		0,00%	cash
	TOTAL						110.767		0,06%
		TOTAL (A & B)					# of voting rights % of voting rights

• Additional information: The disclosure obligation arose due to voting rights for BlackRock, Inc. going above 3%.

CALCULATE 5.955.148 3,06%

The transparency notification dated 3 February 2017 includes the following information:

• Date on which the threshold is crossed: 2 February 2017.
• Notified details:

A) Voting rights		Previous notification		After the transaction
		# of voting rights		# of voting rights				% of voting rights
Holders of voting rights					Linked to securities		Not linked to the securities		Linked to securities	Not linked to the securities
BlackRock, Inc.		0			0			0,00%
BlackRock (Netherlands) B.V.		19.816			19.816				0,01%
BlackRock (Singapore) Limited		6.386			6.386				0,00%
BlackRock Advisors (UK) Limited		937.136			859.423			0,44%
BlackRock Advisors, LLC		63.253			63.253			0,03%
BlackRock Asset Management Canada Limited		61.391			61.391			0,03%
BlackRock Asset Management Deutschland AG		230.309			230.309			0,12%
BlackRock Asset Management North Asia Limited		644			644			0,00%
BlackRock Financial Management, Inc.		78.888			92.346				0,05%
BlackRock Fund Advisors		1.793.923			1.794.760				0,92%
BlackRock Institutional Trust Company, National Association		2.032.966			2.033.398			1,05%
BlackRock International Limited		11.609			11.609			0,01%
BlackRock Investment Management (Australia) Limited		41.852			41.852			0,02%
BlackRock Investment Management (UK) Limited		156.553			151.778			0,08%
BlackRock Investment Management, LLC		230.604			230.604				0,12%
BlackRock Japan Co., Ltd.		179.051		179.051				0,09%
Subtotal		5.844.381		5.776.620			2,97%
		TOTAL		5.776.620			0		2,97%	0,00%
After the transaction B) Equivalent financial instruments
Holders of equivalent financial instruments		Type of financial instrument			# of voting rights that may be Expiration date Exercise period or acquired if the date instrument is exercised			% of voting rights	Settlement
BlackRock Advisors (UK) Limited		Securities Lent					73.535	0,04%		physical
BlackRock Institutional Trust Company, National Association	Securities Lent						9.130	0,00%		physical
BlackRock Institutional Trust Company, National Association	Contract for Difference						7.683		0,00%	cash
BlackRock Investment Management (UK) Limited		Securities Lent					15.356		0,01%	physical
BlackRock Japan Co., Ltd.		Securities Lent					14.677		0,01%	physical
	TOTAL						120.381		0,06%

TOTAL (A & B)			# of voting rights % of voting rights
	CALCULATE	5.897.001	3,03%

• Additional information: The disclosure obligation arose due to voting rights for BlackRock, Inc. going below 3%.

The information mentioned hereafter was identical in both notifications:

• Reason for the notification: Acquisition or disposal of voting securities or voting rights.
• Notification by: A parent undertaking or a controlling person.
• Persons subject to the notification requirement:

Name	Address (for legal entities)
BlackRock, Inc.	55 East 52nd Street, New York, NY, 10055, U.S.A.
BlackRock (Netherlands) B.V.	Rembrandt Tower, 17th floor, Amstelplein, Amsterdam, Netherlands
BlackRock (Singapore) Limited	20 Anson Road #18-01, Singapore, 79912, Singapore
BlackRock Advisors (UK) Limited	12 Throgmorton Avenue, London, EC2N 2DL, U.K.
BlackRock Advisors, LLC	100 Bellevue Parkway, Wilmington, DE, 19809, U.S.A.
BlackRock Asset Management Canada Limited	161 Bay Street, Suite 2500, Toronto, Ontario, M5J 2S1, Canada
BlackRock Asset Management Deutschland AG	Max-Joseph-Straße 6, Munich, 80333, Germany
BlackRock Asset Management North Asia Limited	15/F, 16/F, 17/F Citibank Tower & 17/F ICBC Tower, 3 Garden Road, Central, Hong Kong
BlackRock Financial Management, Inc.	55 East 52nd Street, New York, NY, 10055, U.S.A.
BlackRock Fund Advisors	400 Howard Street, San Francisco, CA, 94105, U.S.A.
BlackRock Institutional Trust Company, National Association	400 Howard Street, San Francisco, CA, 94105, U.S.A.
BlackRock International Limited	Exchange Place One, 1 Semple Street, Edinburgh, EH3 8BL, U.K.
BlackRock Investment Management (Australia) Limited	Level 37, Chifley Tower, 2 Chifley Square, Sydney NSW 2000 Australia
BlackRock Investment Management (UK) Limited	12 Throgmorton Avenue, London, EC2N 2DL, U.K.
BlackRock Investment Management, LLC	1 University Square Drive, Princeton, NJ, 8540, U.S.A.
BlackRock Japan Co., Ltd.	1-8-3 Marunouchi Chiyoda-ku, Trust Tower Main, Tokyo, 100-8217, Japan

• Threshold crossed (in %): 3%.
• Denominator: 194 505 658.
• Chain of controlled undertakings through which the holding is effectively held:

Please see the full chain of control in the PDF which is attached to the notifications.

3. Further information

This press release and the detailed transparency notifications are available on UCB SA/NV's website via the following link.

An updated overview of the UCB SA/NV large shareholdings will be available on UCB SA/NV's website via the following link.

Investor Relations

Antje Witte, Investor Relations, UCB T +32 2 559 94 14, antje.witte@ucb.com

Isabelle Ghellynck, Investor Relations, UCB T +32 2 559 95 88, isabelle.ghellynck@ucb.com

About UCB

UCB, Brussels, Belgium (www.ucb.com) is a global biopharmaceutical company focused on the discovery and development of innovative medicines and solutions to transform the lives of people living with severe diseases of the immune system or of the central nervous system. With more than 7 500 people in approximately 40 countries, the company generated revenue of € 3.9 billion in 2015. UCB is listed on Euronext Brussels (symbol: UCB). Follow us on Twitter: @UCB_news