Form 8.3 -DECHRA PHARMACEUTICALS PLC

FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY

A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR

MORE

Rule 8.3 of the Takeover Code (the "Code")

1.

KEY INFORMATION

(a)

Full name of discloser:

Barclays PLC.

(b)

Owner or controller of interest and short

positions disclosed, if different from 1(a):

(c)

Name of offeror/offeree in relation to whose

DECHRA PHARMACEUTICALS PLC

relevant securities this form relates:

(d)

If an exempt fund manager connected with an

offeror/offeree, state this and specify identity of

offeror/offeree:

(e)

Date position held/dealing undertaken:

19 Jul 2023

(f)

In addition to the company in 1(c) above, is the discloser making

NO

disclosures in respect of any other party to the offer?

2.

POSITIONS OF THE PERSON MAKING THE DISCLOSURE

(a)

Interests and short positions in the relevant securities of the offeror or offeree

to which the disclosure relates following the dealing(if any)

Class of relevant security:

1p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1)

Relevant securities owned

and/or controlled:

3,487,192

3.06%

2,025,443

1.78%

(2)

Cash-settled derivatives:

and/or controlled:

1,962,772

1.72%

3,384,178

2.97%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

5,449,964

4.79%

5,409,621

4.75%

(b)

Rights to subscribe for new securities (including directors and other executive

options)

Class of relevant security in relation to

which subscription right exists

Details, including nature of the rights

concerned and relevant percentages:

3.

DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER

(a)

Purchases and sales

Class of relevant

Purchase/sale

Number of

Price per unit

security

securities

1p ordinary

Purchase

1,158

37.1815 GBP

1p ordinary

Purchase

1,071

37.2141 GBP

1p ordinary

Purchase

7,808

37.1840 GBP

1p ordinary

Sale

6

37.1600 GBP

1p ordinary

Sale

123

37.2600 GBP

1p ordinary

Sale

825

37.1800 GBP

1p ordinary

Sale

82

37.1839 GBP

1p ordinary

Sale

6,733

37.1462 GBP

1p ordinary

Purchase

369

37.2129 GBP

1p ordinary

Purchase

369

37.1800 GBP

1p ordinary

Purchase

335

37.1200 GBP

1p ordinary

Sale

104

37.2200 GBP

1p ordinary

Purchase

2,336

37.2074 GBP

1p ordinary

Purchase

235

37.2297 GBP

1p ordinary

Purchase

373

37.2061 GBP

1p ordinary

Purchase

3,549

37.2218 GBP

1p ordinary

Sale

3,435

37.0771 GBP

1p ordinary

Purchase

1,325

37.1837 GBP

1p ordinary

Sale

335

37.1200 GBP

1p ordinary

Purchase

1,072

37.1912 GBP

1p ordinary

Sale

708

37.1821 GBP

1p ordinary

Sale

51,000

37.1861 GBP

1p ordinary

Purchase

5,160

37.1981 GBP

1p ordinary

Purchase

21

37.1900 GBP

1p ordinary

Purchase

328

37.2661 GBP

1p ordinary

Purchase

1,464

37.2010 GBP

1p ordinary

Purchase

2,085

37.2335 GBP

1p ordinary

Purchase

8,852

37.2000 GBP

1p ordinary

Purchase

788

37.2251 GBP

1p ordinary

Purchase

708

37.1784 GBP

1p ordinary

Sale

751

37.1174 GBP

1p ordinary

Purchase

6

37.1600 GBP

1p ordinary

Purchase

56

37.2300 GBP

1p ordinary

Sale

161,321

37.2000 GBP

1p ordinary

Sale

1,351

37.2249 GBP

1p ordinary

Purchase

1,030

37.2148 GBP

1p ordinary

Sale

500

37.1900 GBP

1p ordinary

Sale

9,800

37.1879 GBP

1p ordinary

Purchase

348

37.2234 GBP

1p ordinary

Purchase

5,000

37.1938 GBP

1p ordinary

Purchase

644

37.2400 GBP

1p ordinary

Sale

369

37.2166 GBP

1p ordinary

Purchase

367

37.2200 GBP

1p ordinary

Purchase

10,775

37.2171 GBP

1p ordinary

Sale

788

37.2288 GBP

1p ordinary

Purchase

190

37.2100 GBP

1p ordinary

Purchase

230

37.1542 GBP

1p ordinary

Sale

17

37.1719 GBP

1p ordinary

Sale

558

37.1775 GBP

1p ordinary

Purchase

754

37.2021 GBP

1p ordinary

Purchase

701

37.1908 GBP

1p ordinary

Purchase

37,578

37.2024 GBP

1p ordinary

Purchase

123

37.2600 GBP

1p ordinary

Purchase

222

37.1778 GBP

1p ordinary

Sale

2,085

37.2372 GBP

(b)

Cash-settled derivative transactions

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

reference

unit

security

securities

1p ordinary

CFD

Long

1

37.2000 GBP

1p ordinary

SWAP

Long

17

37.1719 GBP

1p ordinary

SWAP

Long

111

37.1933 GBP

1p ordinary

SWAP

Long

114

37.1928 GBP

1p ordinary

CFD

Long

335

37.1200 GBP

1p ordinary

SWAP

Long

11,142

37.1253 GBP

1p ordinary

SWAP

Long

51,000

37.1860 GBP

1p ordinary

SWAP

Long

143,111

37.2000 GBP

1p ordinary

SWAP

Short

17

37.2000 GBP

1p ordinary

SWAP

Short

33

37.1866 GBP

1p ordinary

CFD

Short

67

37.1740 GBP

1p ordinary

CFD

Short

328

37.2661 GBP

1p ordinary

CFD

Short

373

37.2061 GBP

1p ordinary

SWAP

Short

388

37.1628 GBP

1p ordinary

CFD

Short

389

37.2250 GBP

1p ordinary

CFD

Short

2,336

37.2074 GBP

1p ordinary

CFD

Short

2,338

37.2334 GBP

1p ordinary

SWAP

Short

5,000

37.1938 GBP

1p ordinary

SWAP

Short

7,500

37.1827 GBP

1p ordinary

CFD

Short

8,105

37.2000 GBP

1p ordinary

SWAP

Short

10,110

37.2077 GBP

1p ordinary

SWAP

Short

22,983

37.2169 GBP

(c)

Stock-settled derivative transactions (including options)

(i)

Writing, selling, purchasing or varying

Class

Product

Writing,

Number

Exercise

Type

Expiry

Option

of

description

purchasing,

of

price

date

money

relevant

selling,

securities

per unit

paid/

security

varying etc

to which

received

option

per unit

relates

(ii)

Exercising

Class of relevant

Product description

Exercising/ exercised against

Number of

Exercise price per

security

securities

unit

(d)

Other dealings (including subscribing for new securities)

Class of relevant

Nature of Dealings

Details

Price per unit (if

security

applicable)

4.

OTHER INFORMATION

(a)

Indemnity and other dealings arrangements

Details of any indemnity or option arrangement, or any agreement or understanding,

formal or informal, relating to relevant securities which may be an inducement to deal

or refrain from dealing entered into by the exempt principal trader making the disclosure and any party

to the offer or any person acting in concert with a party to the offer:

NONE

(b)

Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between

the person making the disclosure and any other person relating to:

(i) the voting rights of any relevant securities under any option; or

(ii) the voting rights of future acquisition or disposal of any relevant securities to which

any derivative is referenced:

NONE

(c)

Attachments

Is a Supplemental Form 8 (Open Positions) attached?

NO

Date of disclosure:

20 Jul 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213