Galapagos administration

All,

with respect to news flow of Galapagos entities triggering an event of default and applying for UK administration. Please note that this is entirely part of the so called “Alternative Plan”, which the company is executing after it failed to reach an agreement with the SUNs. Under the plan BidCo is required to be auctioned competitively. While some 17 parties have reviewed the information on offer, we don’t expect any of them to outbid Triton themselves, who have already submitted their bid in accordance with the plan. If another party were to outbid Triton after all, presumably the SSNs would be just as safe. Thus the process is largely running according to plan.

Wolfgang