DGAP-Adhoc: Galapagos S.A.: Notice of Notes Offer / Partial Optional Redemption Commencement

Galapagos S.A.  / Key word(s): Offer

12.10.2016 12:43

Disclosure of an inside information according to Article 17 MAR,
transmitted by EQS - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Notice of Notes Offer / Partial Optional Redemption Commencement

To the Holders of:

<pre>

EUR325,000,000 Senior Secured         EUR200,000,000 5.375%
Floating Rate Notes due 2021          Senior Secured Notes due 2021
(the "Floating Rate Notes")           (the "Fixed Rate Notes")

Regulation S                          Regulation S
Common Code: 107141154                Common Code: 107141952
ISIN Number: XS1071411547             ISIN Number: XS1071419524

Rule 144A                             Rule 144A
Common Code: 107218548                Common Code: 107219480
ISIN Number: XS1072185488             ISIN Number: XS1072194803

issued pursuant to an indenture dated as of May 30, 2014
(as amended or supplemented from time to time, the "Indenture")


</pre>


NOTICE IS HEREBY GIVEN that, in accordance with the indenture governing the
Notes, Galapagos S.A. is launching a notes offer (the "Offer") using the
net cash proceeds of certain asset sales to purchase up to an aggregate
principal amount of EUR191,550,000 (the "Offer Amount") of the Floating
Rate Notes and the Fixed Rate Notes (together, the "Notes"), on a pro rata
basis, at a price in cash equal to 100.0% of the principal amount thereof,
plus additional amounts, if any, and accrued and unpaid interest, on the
terms contained in an Offer to Purchase dated October 12, 2016 (the "Offer
to Purchase") made available to the Holders through Euroclear and
Clearstream on the date hereof. Holders of the Notes should contact the
relevant direct participant of Euroclear and Clearstream in order to obtain
a copy of the Offer to Purchase. The information contained in the Offer to
Purchase is incorporated by reference herein.

Concurrently with the Offer, Galapagos S.A. launched a conditional partial
optional redemption (the "Partial Optional Redemption") to redeem Floating
Rate Notes in an amount which shall be the difference between the Offer
Amount and the combined aggregate principal amount of validly tendered and
redeemed Floating Rate Notes and Fixed Rate Notes pursuant to the Offer to
Purchase.

The Offer is being made pursuant to Section 4.10 of the indenture governing
the Notes. The Offer commenced today, October 12, 2016, and will end at
3:00 p.m. (CET) on November 10, 2016, unless extended as provided in the
Offer to Purchase. Galapagos S.A. expects to make payment on validly
tendered Notes on November 15, 2016.

This announcement is neither an offer to purchase nor a solicitation of an
offer to sell securities. The offer to purchase is made solely by means of
the Offer.

This release constitutes a public disclosure of inside information pursuant
to Article 17 of the EUR Market Abuse Regulation in respect of the Notes
issued by Galapagos S.A. This notification was made by Antonios Tzanetis,
Galapagos S.A. on October 12, 2016 at 11:00.

October 12, 2016

Galapagos S.A.


12.10.2016 The EQS Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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Language:     English
Company:      Galapagos S.A.
              2C, rue Albert Borschette
              L-1246 Luxembourg
              Grand Duchy of Luxembourg
Phone:        +352 26 753 0
Fax:          
E-mail:       lechantre@triton-partners.com
Internet:     
ISIN:         XS1071411547, XS1072185488, XS1071419524, XS1072194803
WKN:          A1ZJ4P  
Listed:       Luxemburg
 
End of Announcement                             EQS News-Service
 
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