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:

03 Nov 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:

7,451,212

6.54%

6,262,302

5.50%

(2)

Cash-settled derivatives:

and/or controlled:

1,228,895

1.08%

7,351,936

6.46%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

8,680,107

7.62%

13,614,238

11.95%

(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

20,265

37.8599 GBP

1p ordinary

Purchase

5,278

37.8595 GBP

1p ordinary

Purchase

4,749

37.8189 GBP

1p ordinary

Purchase

3,658

37.8266 GBP

1p ordinary

Purchase

3,488

37.8600 GBP

1p ordinary

Purchase

2,114

37.8581 GBP

1p ordinary

Purchase

2,027

37.8361 GBP

1p ordinary

Purchase

1,804

37.8520 GBP

1p ordinary

Purchase

988

37.8433 GBP

1p ordinary

Purchase

764

37.8176 GBP

1p ordinary

Purchase

737

37.8400 GBP

1p ordinary

Purchase

725

37.8288 GBP

1p ordinary

Purchase

678

37.8049 GBP

1p ordinary

Purchase

595

37.8217 GBP

1p ordinary

Purchase

591

37.8235 GBP

1p ordinary

Purchase

413

37.8797 GBP

1p ordinary

Purchase

402

37.8100 GBP

1p ordinary

Purchase

378

37.9069 GBP

1p ordinary

Purchase

330

37.8046 GBP

1p ordinary

Purchase

234

37.8500 GBP

1p ordinary

Purchase

1

37.8200 GBP

1p ordinary

Sale

3,537,691

37.8000 GBP

1p ordinary

Sale

7,600

37.8472 GBP

1p ordinary

Sale

7,235

37.8600 GBP

1p ordinary

Sale

5,018

37.9000 GBP

1p ordinary

Sale

2,763

37.8461 GBP

1p ordinary

Sale

1,881

37.8862 GBP

1p ordinary

Sale

779

37.8400 GBP

1p ordinary

Sale

734

37.8468 GBP

1p ordinary

Sale

527

37.8500 GBP

1p ordinary

Sale

316

37.8474 GBP

1p ordinary

Sale

306

37.8373 GBP

1p ordinary

Sale

285

37.8450 GBP

1p ordinary

Sale

268

37.8485 GBP

1p ordinary

Sale

236

37.8444 GBP

1p ordinary

Sale

151

37.8799 GBP

1p ordinary

Sale

7

37.8557 GBP

1p ordinary

Sale

1

37.8200 GBP

(b)

Cash-settled derivative transactions

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

reference

unit

security

securities

1p ordinary

SWAP

Long

1

37.8200 GBP

1p ordinary

SWAP

Long

7

37.8552 GBP

1p ordinary

SWAP

Long

131

37.8400 GBP

1p ordinary

SWAP

Long

151

37.8799 GBP

1p ordinary

SWAP

Long

1,881

37.8862 GBP

1p ordinary

CFD

Long

2,522

37.8458 GBP

1p ordinary

SWAP

Long

4,000

37.8384 GBP

1p ordinary

SWAP

Long

5,018

37.9000 GBP

1p ordinary

CFD

Long

6,304

37.8600 GBP

1p ordinary

SWAP

Long

7,687

37.8473 GBP

1p ordinary

SWAP

Short

240

37.8400 GBP

1p ordinary

CFD

Short

591

37.8235 GBP

1p ordinary

CFD

Short

1,217

37.8600 GBP

1p ordinary

SWAP

Short

1,948

37.8492 GBP

1p ordinary

SWAP

Short

4,749

37.8189 GBP

1p ordinary

SWAP

Short

4,918

37.8593 GBP

1p ordinary

SWAP

Short

6,506

37.8574 GBP

1p ordinary

SWAP

Short

14,072

37.8614 GBP

1p ordinary

SWAP

Short

14,110

37.8428 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:

06 Nov 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213