Events after the end of the reporting period

On 1 April 2016, 131,695 warrants were exercised at various exercise prices (with an average exercise price of €10.70 per warrant) of which 60,470 warrants were exercised by key management personnel, resulting in a share capital increase (including issuance premium) of €1,409 thousand and the issuance of 131,695 new ordinary shares. The closing price of the Galapagos share at this date was €36.64. The cash regarding this transaction was received from the warrant holders on 31 March 2016 and was booked as restricted cash.

Approval of interim financial statements

The interim financial statements were approved by the Board of Directors on 26 April 2016.