Galapagos Holding S.A.: notice leadership change

NOTICE Galapagos Holding S.A. Société Anonyme Registered Office: 2C Rue Albert Borschette L-1246 Luxembourg R.C.S. Luxembourg: B 186 312 7.000% Senior Notes due 2022 ISIN Code: XS1071420027; XS1072200204 We would like to announce the appointment of Jürgen Vinkenflügel as Chief Executive Officer of Kelvion effective January 1, 2018. Dr. Robert Wassmer and Silke Hartmann will both leave Kelvion to pursue opportunities outside the company. A search for a successor for Silke Hartmann, Kelvion's Chief Financial Officer, is underway and candidates have been identified. Mrs. Hartmann will support Kelvion until a proper handover is completed. Jürgen Vinkenflügel held leading positions in the Energy, Oil and Gas industry throughout his impressive 35 years career. Before joining Kelvion, Mr. Vinkenflügel was the CEO of SAG Group. He has worked in Germany and internationally at MAN Diesel & Turbo, AEG, Alstom and Siemens in industries that are highly relevant to Kelvion. Jürgen Vinkenflügel holds a degree in mechanical engineering from Aachen University of Applied Sciences. The change in leadership will not affect the cornerstones of the Kelvion Strategy, which were successfully established by Dr. Wassmer and his team. 'One Kelvion', a global, integrated leader of the heat exchanger industry, will remain focused on innovation and renewal of the product portfolio, based on centrally coordinated, effective Product Areas and an integrated, efficient production network. Building on this foundation, the Shareholder Committee, our new CEO Jürgen Vinkenflügel and our Chief Sales Officer Klaus Bohnet are committed to continue the path of transforming Kelvion into a truly global leader of the heat exchanger industry. December 13, 2017 Galapagos Holding S.A.