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:

13 Oct 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:

7,455,358

6.55%

1,987,172

1.74%

(2)

Cash-settled derivatives:

and/or controlled:

1,316,856

1.16%

7,364,916

6.47%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

8,772,214

7.70%

9,352,088

8.21%

(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

69,861

37.9209 GBP

1p ordinary

Purchase

16,651

37.9148 GBP

1p ordinary

Purchase

15,436

37.9601 GBP

1p ordinary

Purchase

14,988

37.9408 GBP

1p ordinary

Purchase

6,792

37.9200 GBP

1p ordinary

Purchase

3,504

37.9400 GBP

1p ordinary

Purchase

2,156

37.9607 GBP

1p ordinary

Purchase

1,690

37.9662 GBP

1p ordinary

Purchase

709

37.9647 GBP

1p ordinary

Purchase

605

37.9600 GBP

1p ordinary

Purchase

413

37.9792 GBP

1p ordinary

Purchase

260

37.9257 GBP

1p ordinary

Purchase

88

37.9700 GBP

1p ordinary

Sale

73,213

37.9200 GBP

1p ordinary

Sale

47,841

37.9310 GBP

1p ordinary

Sale

25,000

37.9225 GBP

1p ordinary

Sale

11,555

37.9400 GBP

1p ordinary

Sale

9,029

37.9323 GBP

1p ordinary

Sale

2,932

37.9243 GBP

1p ordinary

Sale

2,524

37.9362 GBP

1p ordinary

Sale

826

37.9433 GBP

1p ordinary

Sale

560

37.9600 GBP

1p ordinary

Sale

400

37.9389 GBP

1p ordinary

Sale

269

37.9324 GBP

1p ordinary

Sale

245

37.8844 GBP

1p ordinary

Sale

30

37.9300 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

110

37.9400 GBP

1p ordinary

SWAP

Long

381

37.9600 GBP

1p ordinary

SWAP

Long

1,325

37.9315 GBP

1p ordinary

SWAP

Long

2,524

37.9362 GBP

1p ordinary

SWAP

Long

24,614

37.9319 GBP

1p ordinary

SWAP

Long

25,000

37.9225 GBP

1p ordinary

SWAP

Long

34,108

37.9298 GBP

1p ordinary

SWAP

Short

115

37.9800 GBP

1p ordinary

SWAP

Short

303

37.9433 GBP

1p ordinary

CFD

Short

452

37.9651 GBP

1p ordinary

SWAP

Short

454

37.9318 GBP

1p ordinary

SWAP

Short

529

37.9730 GBP

1p ordinary

SWAP

Short

1,028

37.9600 GBP

1p ordinary

CFD

Short

1,690

37.9662 GBP

1p ordinary

CFD

Short

2,568

37.9564 GBP

1p ordinary

SWAP

Short

14,627

37.9620 GBP

1p ordinary

SWAP

Short

14,988

37.9408 GBP

1p ordinary

SWAP

Short

16,651

37.9148 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:

16 Oct 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213