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2015-05-19

Galapagos NV: Galapagos announces capital increase

Mechelen, Belgium; 19 May 2015 - Galapagos NV (Euronext&NASDAQ: GLPG)
announced today a capital increase in connection with the closing of its
global offering.

As of today, Galapagos' total share capital amounts to €207,747,029.16; the
total number of securities conferring voting rights is 38,403,176, which is
also the total number of voting rights (the "denominator"), and all
securities conferring voting rights and all voting rights are of the same
category. The total number of rights (warrants) to subscribe to not yet
issued securities conferring voting rights is 3,011,805, which equals the
total number of voting rights that may result from the exercise of these
warrants (but excludes the 625,740 warrants of Warrant Plan 2015 which were
created on 30 April 2015, subject to acceptances). Galapagos does not have
any convertible bonds or shares without voting rights outstanding.

About Galapagos

Galapagos(Euronext&NASDAQ: GLPG) is a clinical-stage biotechnology company
specialized in the discovery and development of small molecule medicines with
novel modes of action, with a pipeline comprising three Phase 2 programs, two
Phase 1 trials, five pre-clinical studies, and 20 discovery small-molecule
and antibody programs in cystic fibrosis, inflammation, and other
indications. In the field of inflammation, AbbVie and Galapagos signed a
collaboration agreement for the development and commercialization
offilgotinib. Filgotinib is an orally-available, selective inhibitor of JAK1
for the treatment of rheumatoid arthritis and potentially other inflammatory
diseases, currently in Phase 2B studies in RA and in Phase 2 in Crohn's
disease. Galapagos reported good activity and a favorable safety profile at
12 weeks in both the DARWIN 1 and 2 trials in RA. AbbVie and Galapagos also
signed a collaboration agreement in cystic fibrosis to develop and
commercialize molecules that address mutations in the CFTR gene.
PotentiatorGLPG1837is currently in a Phase 1 trial, and corrector GLPG2222 is
at the pre-clinical candidate stage. GLPG1205,a first-in-class inhibitor of
GPR84 and fully-owned by Galapagos, is currently being tested in a Phase 2
proof-of-concept trial in ulcerative colitis patients. GLPG1690, a fully
proprietary, first-in-class inhibitor of autotaxin, has shown favorable
safety in a Phase 1 trial and is expected to enter Phase 2 in idiopathic
pulmonary fibrosis. The Galapagos Group, including fee-for-service
subsidiary Fidelta, has approximately 400 employees, operating from its
Mechelen, Belgium headquarters and facilities in The Netherlands, France, and
Croatia.

CONTACT

Galapagos NV
Elizabeth Goodwin, Head of Corporate Communications&IR
Tel: +31 6 2291 6240
ir@glpg.com

Galapagos forward-looking statements

This release may contain forward-looking statements, all of which involve
certain risks and uncertainties. These statements are often, but are not
always, made through the use of words or phrases such as "believes,"
"anticipates," "expects," "intends," "plans," "seeks," "estimates," "may,"
"will," "could," "stands to," "continues," "we believe," "we intend," as well
as similar expressions. Such forward-looking statements may involve known
and unknown risks, uncertainties and other factors which might cause the
actual results, financial condition, performance or achievements of
Galapagos, or industry results, to be materially different from any historic
or future results, financial conditions, performance or achievements
expressed or implied by such forward-looking statements. Among the factors
that may result in differences are the inherent uncertainties associated with
competitive developments, clinical trial and product development activities,
regulatory approval requirements and estimating the commercial potential of
our product candidates. A further list and description of these risks,
uncertainties and other risks can be found in the company's Securities and
Exchange Commission filing and reports, including in the company's prospectus
filed with the SEC on May 14, 2015 and future filings and reports by the
company. Given these uncertainties, the reader is advised not to place any
undue reliance on such forward-looking statements. These forward-looking
statements speak only as of the date of publication of this document.
Galapagos expressly disclaims any obligation to update any such
forward-looking statements in this document to reflect any change in its
expectations with regard thereto or any change in events, conditions or
circumstances on which any such statement is based, unless required by law or
regulation.

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Galapagos NV via Globenewswire

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