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:

25 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:

750,755

0.66%

1,335,231

1.17%

(2)

Cash-settled derivatives:

and/or controlled:

1,275,040

1.12%

703,215

0.62%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

2,025,795

1.78%

2,038,446

1.79%

(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

Purchase

4

37.4062 GBP

1p ordinary

Purchase

52

37.4200 GBP

1p ordinary

Purchase

64

37.6400 GBP

1p ordinary

Purchase

79

37.5200 GBP

1p ordinary

Purchase

84

37.5100 GBP

1p ordinary

Purchase

227

37.5400 GBP

1p ordinary

Purchase

372

37.5532 GBP

1p ordinary

Purchase

458

37.4843 GBP

1p ordinary

Purchase

536

37.5462 GBP

1p ordinary

Purchase

537

37.4965 GBP

1p ordinary

Purchase

538

37.6193 GBP

1p ordinary

Purchase

657

37.6000 GBP

1p ordinary

Purchase

1,000

37.4791 GBP

1p ordinary

Purchase

1,084

37.4717 GBP

1p ordinary

Purchase

1,347

37.5000 GBP

1p ordinary

Purchase

1,701

37.4879 GBP

1p ordinary

Purchase

2,031

37.5155 GBP

1p ordinary

Purchase

2,515

37.4999 GBP

1p ordinary

Purchase

3,546

37.4942 GBP

1p ordinary

Purchase

3,837

37.3660 GBP

1p ordinary

Purchase

4,920

37.4458 GBP

1p ordinary

Purchase

10,000

37.4261 GBP

1p ordinary

Purchase

10,367

37.3609 GBP

1p ordinary

Purchase

11,139

37.3600 GBP

1p ordinary

Purchase

25,000

37.4587 GBP

1p ordinary

Purchase

58,171

37.4571 GBP

1p ordinary

Sale

17

37.4200 GBP

1p ordinary

Sale

47

37.4900 GBP

1p ordinary

Sale

93

37.4000 GBP

1p ordinary

Sale

108

37.4527 GBP

1p ordinary

Sale

112

37.4992 GBP

1p ordinary

Sale

119

37.4300 GBP

1p ordinary

Sale

126

37.4459 GBP

1p ordinary

Sale

131

37.4400 GBP

1p ordinary

Sale

158

37.6614 GBP

1p ordinary

Sale

168

37.5400 GBP

1p ordinary

Sale

213

37.3872 GBP

1p ordinary

Sale

218

37.4540 GBP

1p ordinary

Sale

229

37.5281 GBP

1p ordinary

Sale

235

37.4332 GBP

1p ordinary

Sale

246

37.5200 GBP

1p ordinary

Sale

251

37.5482 GBP

1p ordinary

Sale

297

37.4451 GBP

1p ordinary

Sale

305

37.4803 GBP

1p ordinary

Sale

345

37.5000 GBP

1p ordinary

Sale

348

37.4955 GBP

1p ordinary

Sale

465

37.4790 GBP

1p ordinary

Sale

500

37.4600 GBP

1p ordinary

Sale

657

37.6011 GBP

1p ordinary

Sale

657

37.6000 GBP

1p ordinary

Sale

680

37.3847 GBP

1p ordinary

Sale

1,342

37.4386 GBP

1p ordinary

Sale

2,194

37.4434 GBP

1p ordinary

Sale

4,451

37.4461 GBP

1p ordinary

Sale

4,783

37.4890 GBP

1p ordinary

Sale

10,367

37.3609 GBP

1p ordinary

Sale

14,810

37.3600 GBP

1p ordinary

Sale

28,146

37.4202 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

112

37.4992 GBP

1p ordinary

CFD

Long

489

37.3949 GBP

1p ordinary

SWAP

Long

509

37.4370 GBP

1p ordinary

CFD

Long

660

37.4549 GBP

1p ordinary

SWAP

Long

1,000

37.4973 GBP

1p ordinary

SWAP

Long

1,974

37.4325 GBP

1p ordinary

SWAP

Long

2,094

37.4358 GBP

1p ordinary

SWAP

Long

2,184

37.4438 GBP

1p ordinary

SWAP

Long

3,783

37.4868 GBP

1p ordinary

SWAP

Long

4,966

37.4342 GBP

1p ordinary

CFD

Long

10,367

37.3609 GBP

1p ordinary

SWAP

Long

11,098

37.4716 GBP

1p ordinary

SWAP

Long

11,139

37.3600 GBP

1p ordinary

SWAP

Short

2

37.4000 GBP

1p ordinary

CFD

Short

116

37.5425 GBP

1p ordinary

SWAP

Short

683

37.4798 GBP

1p ordinary

SWAP

Short

691

37.4804 GBP

1p ordinary

SWAP

Short

1,000

37.4791 GBP

1p ordinary

SWAP

Short

2,010

37.4803 GBP

1p ordinary

CFD

Short

4,920

37.4458 GBP

1p ordinary

SWAP

Short

5,000

37.5030 GBP

1p ordinary

SWAP

Short

5,749

37.4802 GBP

1p ordinary

SWAP

Short

9,330

37.4202 GBP

1p ordinary

SWAP

Short

10,000

37.4261 GBP

1p ordinary

SWAP

Short

13,833

37.3600 GBP

1p ordinary

SWAP

Short

25,000

37.4587 GBP

1p ordinary

SWAP

Short

38,046

37.4764 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:

26 Apr 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213