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:

17 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:

2,953,779

2.59%

1,471,425

1.29%

(2)

Cash-settled derivatives:

and/or controlled:

1,397,724

1.23%

2,845,814

2.50%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

4,351,503

3.82%

4,317,239

3.79%

(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

Sale

4,618

36.9700 GBP

1p ordinary

Purchase

76

36.9800 GBP

1p ordinary

Sale

618

37.0237 GBP

1p ordinary

Purchase

7,021

36.9584 GBP

1p ordinary

Purchase

1,000

37.0225 GBP

1p ordinary

Sale

1,759

36.9659 GBP

1p ordinary

Sale

8,436

36.9652 GBP

1p ordinary

Purchase

365

37.0287 GBP

1p ordinary

Sale

8,670

37.0195 GBP

1p ordinary

Sale

1,514

37.0116 GBP

1p ordinary

Purchase

174

37.0181 GBP

1p ordinary

Sale

9,000

37.0075 GBP

1p ordinary

Purchase

3,263

37.0200 GBP

1p ordinary

Purchase

984

37.0267 GBP

1p ordinary

Sale

9,917

36.9641 GBP

1p ordinary

Purchase

1,575

37.0474 GBP

1p ordinary

Sale

721

36.9600 GBP

1p ordinary

Sale

247

36.9800 GBP

1p ordinary

Purchase

220

37.0461 GBP

1p ordinary

Purchase

4,563

37.0274 GBP

1p ordinary

Sale

4,478

37.0200 GBP

1p ordinary

Purchase

746

36.9944 GBP

1p ordinary

Sale

3,723

36.9650 GBP

1p ordinary

Sale

50

37.0400 GBP

1p ordinary

Sale

33

36.9963 GBP

1p ordinary

Purchase

315

37.0400 GBP

1p ordinary

Sale

1,418

37.0082 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

33

36.9963 GBP

1p ordinary

SWAP

Long

247

36.9800 GBP

1p ordinary

SWAP

Long

2,788

37.0220 GBP

1p ordinary

SWAP

Long

3,281

37.0129 GBP

1p ordinary

SWAP

Long

5,583

37.0173 GBP

1p ordinary

SWAP

Long

9,000

37.0075 GBP

1p ordinary

SWAP

Long

29,000

36.9560 GBP

1p ordinary

SWAP

Short

11

37.0402 GBP

1p ordinary

SWAP

Short

24

37.0217 GBP

1p ordinary

SWAP

Short

33

37.0200 GBP

1p ordinary

CFD

Short

220

37.0460 GBP

1p ordinary

CFD

Short

269

36.9943 GBP

1p ordinary

SWAP

Short

404

37.0137 GBP

1p ordinary

CFD

Short

477

36.9944 GBP

1p ordinary

SWAP

Short

1,000

37.0225 GBP

1p ordinary

CFD

Short

1,575

37.0474 GBP

1p ordinary

SWAP

Short

1,826

37.0224 GBP

1p ordinary

CFD

Short

3,166

37.0411 GBP

1p ordinary

SWAP

Short

7,021

36.9585 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:

18 Jul 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213