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:

05 Dec 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:

7,669,576

6.73%

976,001

0.86%

(2)

Cash-settled derivatives:

and/or controlled:

971,201

0.85%

7,609,392

6.68%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

8,640,777

7.59%

8,585,393

7.54%

(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

18,814

38.3156 GBP

1p ordinary

Purchase

10,190

38.3100 GBP

1p ordinary

Purchase

6,516

38.3200 GBP

1p ordinary

Purchase

5,893

38.2980 GBP

1p ordinary

Purchase

3,159

38.3208 GBP

1p ordinary

Purchase

1,859

38.3144 GBP

1p ordinary

Purchase

1,602

38.3084 GBP

1p ordinary

Purchase

1,530

38.3044 GBP

1p ordinary

Purchase

1,261

38.3285 GBP

1p ordinary

Purchase

719

38.3095 GBP

1p ordinary

Purchase

620

38.3000 GBP

1p ordinary

Purchase

603

38.3122 GBP

1p ordinary

Purchase

570

38.3040 GBP

1p ordinary

Purchase

552

38.3342 GBP

1p ordinary

Purchase

233

38.3043 GBP

1p ordinary

Sale

24,567

38.3000 GBP

1p ordinary

Sale

10,692

38.3038 GBP

1p ordinary

Sale

9,930

38.3100 GBP

1p ordinary

Sale

2,316

38.3074 GBP

1p ordinary

Sale

498

38.3200 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

498

38.3200 GBP

1p ordinary

SWAP

Long

2,316

38.3073 GBP

1p ordinary

SWAP

Long

6,411

38.3063 GBP

1p ordinary

SWAP

Long

22,880

38.3000 GBP

1p ordinary

SWAP

Short

10

38.3140 GBP

1p ordinary

SWAP

Short

13

38.3107 GBP

1p ordinary

SWAP

Short

233

38.3043 GBP

1p ordinary

SWAP

Short

500

38.3200 GBP

1p ordinary

SWAP

Short

1,859

38.3144 GBP

1p ordinary

SWAP

Short

3,755

38.3000 GBP

1p ordinary

SWAP

Short

4,626

38.3279 GBP

1p ordinary

SWAP

Short

10,587

38.3204 GBP

1p ordinary

SWAP

Short

15,089

38.3171 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 Dec 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213