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:

02 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:

7,435,697

6.53%

2,731,239

2.40%

(2)

Cash-settled derivatives:

and/or controlled:

1,241,895

1.09%

7,344,287

6.45%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

8,677,592

7.62%

10,075,526

8.85%

(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

26,747

37.9459 GBP

1p ordinary

Purchase

3,125

38.0190 GBP

1p ordinary

Purchase

2,775

38.0230 GBP

1p ordinary

Purchase

2,772

38.0128 GBP

1p ordinary

Purchase

2,333

38.0022 GBP

1p ordinary

Purchase

2,186

38.0043 GBP

1p ordinary

Purchase

1,741

38.0008 GBP

1p ordinary

Purchase

882

38.0257 GBP

1p ordinary

Purchase

829

38.0381 GBP

1p ordinary

Purchase

812

38.0124 GBP

1p ordinary

Purchase

761

38.0000 GBP

1p ordinary

Purchase

688

38.0108 GBP

1p ordinary

Purchase

673

37.9000 GBP

1p ordinary

Purchase

646

38.0600 GBP

1p ordinary

Purchase

523

38.0062 GBP

1p ordinary

Purchase

443

38.0076 GBP

1p ordinary

Purchase

432

38.0266 GBP

1p ordinary

Purchase

417

38.0117 GBP

1p ordinary

Purchase

324

37.9895 GBP

1p ordinary

Purchase

251

37.8188 GBP

1p ordinary

Purchase

214

37.9974 GBP

1p ordinary

Purchase

148

38.0383 GBP

1p ordinary

Purchase

146

37.9825 GBP

1p ordinary

Purchase

78

38.0400 GBP

1p ordinary

Purchase

64

37.9900 GBP

1p ordinary

Purchase

42

38.0014 GBP

1p ordinary

Purchase

35

37.9800 GBP

1p ordinary

Sale

6,530

38.0000 GBP

1p ordinary

Sale

1,443

38.0065 GBP

1p ordinary

Sale

1,406

37.9015 GBP

1p ordinary

Sale

436

38.0172 GBP

1p ordinary

Sale

409

38.0064 GBP

1p ordinary

Sale

407

38.0600 GBP

1p ordinary

Sale

401

37.9000 GBP

1p ordinary

Sale

380

37.9964 GBP

1p ordinary

Sale

321

37.8952 GBP

1p ordinary

Sale

191

38.0400 GBP

1p ordinary

Sale

164

38.0048 GBP

1p ordinary

Sale

151

38.0027 GBP

1p ordinary

Sale

73

38.0200 GBP

1p ordinary

Sale

64

37.9900 GBP

1p ordinary

Sale

35

37.9800 GBP

1p ordinary

Sale

3

37.8966 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

3

37.8962 GBP

1p ordinary

SWAP

Long

5

37.9000 GBP

1p ordinary

SWAP

Long

65

37.9400 GBP

1p ordinary

SWAP

Long

79

37.9354 GBP

1p ordinary

SWAP

Long

321

37.8952 GBP

1p ordinary

SWAP

Long

1,401

37.9015 GBP

1p ordinary

SWAP

Long

1,443

38.0065 GBP

1p ordinary

SWAP

Long

1,881

38.0104 GBP

1p ordinary

SWAP

Long

5,888

38.0000 GBP

1p ordinary

SWAP

Short

42

38.0014 GBP

1p ordinary

SWAP

Short

109

38.0000 GBP

1p ordinary

CFD

Short

137

38.0075 GBP

1p ordinary

SWAP

Short

251

37.8189 GBP

1p ordinary

CFD

Short

306

38.0076 GBP

1p ordinary

CFD

Short

523

38.0062 GBP

1p ordinary

CFD

Short

1,572

38.0251 GBP

1p ordinary

CFD

Short

2,715

38.0051 GBP

1p ordinary

SWAP

Short

7,043

37.9626 GBP

1p ordinary

SWAP

Short

8,313

37.9697 GBP

1p ordinary

SWAP

Short

12,050

37.9217 GBP

1p ordinary

SWAP

Short

15,426

38.0207 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:

03 Nov 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213