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:

18 Apr 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:

494,065

0.43%

1,329,900

1.17%

(2)

Cash-settled derivatives:

and/or controlled:

1,272,745

1.12%

451,966

0.40%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

1,766,810

1.55%

1,781,866

1.57%

(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

37.6608 GBP

1p ordinary

Purchase

28

37.6200 GBP

1p ordinary

Purchase

37

37.6400 GBP

1p ordinary

Purchase

81

37.6182 GBP

1p ordinary

Purchase

83

37.6325 GBP

1p ordinary

Purchase

83

37.7101 GBP

1p ordinary

Purchase

88

37.6600 GBP

1p ordinary

Purchase

91

37.6664 GBP

1p ordinary

Purchase

92

37.6339 GBP

1p ordinary

Purchase

131

37.5400 GBP

1p ordinary

Purchase

160

37.4155 GBP

1p ordinary

Purchase

273

37.7262 GBP

1p ordinary

Purchase

539

37.5128 GBP

1p ordinary

Purchase

782

37.6837 GBP

1p ordinary

Purchase

1,165

37.5781 GBP

1p ordinary

Purchase

1,518

37.6631 GBP

1p ordinary

Purchase

2,033

37.4953 GBP

1p ordinary

Purchase

2,807

37.7200 GBP

1p ordinary

Purchase

3,006

37.6639 GBP

1p ordinary

Purchase

4,451

37.6995 GBP

1p ordinary

Purchase

6,101

37.5802 GBP

1p ordinary

Purchase

8,440

37.5755 GBP

1p ordinary

Purchase

13,026

37.6227 GBP

1p ordinary

Purchase

15,066

37.5084 GBP

1p ordinary

Purchase

15,954

37.5800 GBP

1p ordinary

Purchase

30,000

37.3824 GBP

1p ordinary

Purchase

49,136

37.6627 GBP

1p ordinary

Sale

28

37.6200 GBP

1p ordinary

Sale

73

37.6973 GBP

1p ordinary

Sale

77

37.4238 GBP

1p ordinary

Sale

90

37.6600 GBP

1p ordinary

Sale

150

37.6400 GBP

1p ordinary

Sale

175

37.6894 GBP

1p ordinary

Sale

298

37.7143 GBP

1p ordinary

Sale

328

37.5646 GBP

1p ordinary

Sale

341

37.7187 GBP

1p ordinary

Sale

455

37.7193 GBP

1p ordinary

Sale

466

37.6769 GBP

1p ordinary

Sale

488

37.6343 GBP

1p ordinary

Sale

669

37.6018 GBP

1p ordinary

Sale

740

37.6996 GBP

1p ordinary

Sale

811

37.6647 GBP

1p ordinary

Sale

1,133

37.6882 GBP

1p ordinary

Sale

1,151

37.6762 GBP

1p ordinary

Sale

1,193

37.7200 GBP

1p ordinary

Sale

1,496

37.6264 GBP

1p ordinary

Sale

1,782

37.6657 GBP

1p ordinary

Sale

1,917

37.6696 GBP

1p ordinary

Sale

1,992

37.6624 GBP

1p ordinary

Sale

2,093

37.6153 GBP

1p ordinary

Sale

2,112

37.7105 GBP

1p ordinary

Sale

4,331

37.4991 GBP

1p ordinary

Sale

5,897

37.5818 GBP

1p ordinary

Sale

6,748

37.5760 GBP

1p ordinary

Sale

7,596

37.6459 GBP

1p ordinary

Sale

8,440

37.5755 GBP

1p ordinary

Sale

12,682

37.6850 GBP

1p ordinary

Sale

19,712

37.6040 GBP

1p ordinary

Sale

28,956

37.6516 GBP

1p ordinary

Sale

80,727

37.3800 GBP

1p ordinary

Sale

119,782

37.5875 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

73

37.6973 GBP

1p ordinary

CFD

Long

74

37.5818 GBP

1p ordinary

SWAP

Long

686

37.5557 GBP

1p ordinary

SWAP

Long

1,434

37.5969 GBP

1p ordinary

CFD

Long

1,983

37.6269 GBP

1p ordinary

SWAP

Long

2,220

37.5564 GBP

1p ordinary

SWAP

Long

4,135

37.5736 GBP

1p ordinary

SWAP

Long

4,331

37.4991 GBP

1p ordinary

SWAP

Long

7,596

37.6459 GBP

1p ordinary

CFD

Long

8,440

37.5755 GBP

1p ordinary

SWAP

Long

9,179

37.5737 GBP

1p ordinary

SWAP

Long

17,724

37.5826 GBP

1p ordinary

SWAP

Long

21,232

37.5722 GBP

1p ordinary

SWAP

Long

31,840

37.5873 GBP

1p ordinary

SWAP

Long

50,449

37.6079 GBP

1p ordinary

CFD

Long

80,727

37.3800 GBP

1p ordinary

CFD

Short

51

37.4611 GBP

1p ordinary

SWAP

Short

104

37.5802 GBP

1p ordinary

CFD

Short

273

37.7262 GBP

1p ordinary

SWAP

Short

315

37.2600 GBP

1p ordinary

CFD

Short

1,116

37.4830 GBP

1p ordinary

SWAP

Short

1,608

37.6814 GBP

1p ordinary

SWAP

Short

2,033

37.4953 GBP

1p ordinary

CFD

Short

4,451

37.6995 GBP

1p ordinary

SWAP

Short

4,694

37.5910 GBP

1p ordinary

SWAP

Short

7,015

37.6405 GBP

1p ordinary

SWAP

Short

14,962

37.5079 GBP

1p ordinary

CFD

Short

15,505

37.5800 GBP

1p ordinary

SWAP

Short

30,000

37.3824 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:

19 Apr 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213