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In order to create the best possible financial conditions for the independence of the two Business units Vifor Pharma and Galenica Sante and to refund the acquisition of Relypsa, which was completed in early September 2016, the focus is on an Initial Public Offering (IPO) of Galenica Sante. The Board of Directors will announce its decisions and the details of the division in due course. Guidance for the Galenica Group and Vifor Pharma When Galenica announced the completion of the Relypsa transaction on 2 September 2016, it was stated that the 2016 guidance would be further updated during October. As a result of the accelerated closure of the Relypsa transaction from 1 October to 1 September 2016 and the resulting inclusion of one additional month of the ramp-up of Veltassa, the combined 2016 EBIT of Vifor Pharma is now expected to be reduced by approximately CHF 120 million compared to the approximately CHF 80 million previously indicated. The previous guidance of a 10% increase on a comparable basis in respect of the 2016 EBIT for Vifor Pharma excluding Relypsa is being maintained. Likewise, the previous guidance in respect of 2016 Galenica Group net profit increasing by approximately 10% before and after deduction of minority interests on a comparable basis is confirmed. Finally, the guidance in respect of 2016 Galenica Group net profit decreasing by approximately CHF 90 million as a result of the investment required to ramp-up sales of Veltassa is unchanged, despite the accelerated closing of the Relypsa transaction, due to the recognition of tax assets. New CFO Galenica Group from January 2017 Felix Burkhard (50), lic. oec. (University of St.
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