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 May 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:

905,223

0.79%

799,999

0.70%

(2)

Cash-settled derivatives:

and/or controlled:

762,600

0.67%

856,296

0.75%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

1,667,823

1.46%

1,656,295

1.45%

(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

57

36.3400 GBP

1p ordinary

Purchase

57

36.3300 GBP

1p ordinary

Purchase

89

36.1800 GBP

1p ordinary

Purchase

99

36.2600 GBP

1p ordinary

Purchase

142

36.1895 GBP

1p ordinary

Purchase

148

36.3464 GBP

1p ordinary

Purchase

160

36.2311 GBP

1p ordinary

Purchase

208

36.3800 GBP

1p ordinary

Purchase

223

36.4227 GBP

1p ordinary

Purchase

318

36.3209 GBP

1p ordinary

Purchase

322

36.3186 GBP

1p ordinary

Purchase

440

36.2020 GBP

1p ordinary

Purchase

745

36.1768 GBP

1p ordinary

Purchase

746

36.3367 GBP

1p ordinary

Purchase

822

36.3198 GBP

1p ordinary

Purchase

1,637

36.3126 GBP

1p ordinary

Purchase

1,729

36.3389 GBP

1p ordinary

Purchase

2,476

36.2492 GBP

1p ordinary

Purchase

2,500

36.3648 GBP

1p ordinary

Purchase

3,742

36.2627 GBP

1p ordinary

Purchase

5,000

36.3909 GBP

1p ordinary

Purchase

11,565

36.2241 GBP

1p ordinary

Purchase

12,502

36.2640 GBP

1p ordinary

Purchase

33,381

36.2413 GBP

1p ordinary

Purchase

51,796

36.2485 GBP

1p ordinary

Purchase

77,621

36.2000 GBP

1p ordinary

Sale

4

36.3900 GBP

1p ordinary

Sale

19

36.3600 GBP

1p ordinary

Sale

57

36.3436 GBP

1p ordinary

Sale

57

36.3400 GBP

1p ordinary

Sale

315

36.3116 GBP

1p ordinary

Sale

346

36.3092 GBP

1p ordinary

Sale

409

36.3661 GBP

1p ordinary

Sale

485

36.3742 GBP

1p ordinary

Sale

563

36.3800 GBP

1p ordinary

Sale

1,000

36.3500 GBP

1p ordinary

Sale

1,215

36.2475 GBP

1p ordinary

Sale

2,223

36.3815 GBP

1p ordinary

Sale

6,111

36.2018 GBP

1p ordinary

Sale

13,113

36.2610 GBP

1p ordinary

Sale

19,635

36.2000 GBP

1p ordinary

Sale

21,397

36.2778 GBP

1p ordinary

Sale

40,500

36.2555 GBP

(b)

Cash-settled derivative transactions

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

reference

unit

security

securities

1p ordinary

CFD

Long

844

36.2000 GBP

1p ordinary

SWAP

Long

2,223

36.3815 GBP

1p ordinary

CFD

Long

2,636

36.3068 GBP

1p ordinary

SWAP

Long

7,524

36.2931 GBP

1p ordinary

CFD

Long

13,113

36.2610 GBP

1p ordinary

SWAP

Short

27

36.1836 GBP

1p ordinary

SWAP

Short

124

36.3159 GBP

1p ordinary

SWAP

Short

160

36.2311 GBP

1p ordinary

SWAP

Short

205

36.2000 GBP

1p ordinary

SWAP

Short

223

36.4227 GBP

1p ordinary

SWAP

Short

239

36.2727 GBP

1p ordinary

SWAP

Short

327

36.2494 GBP

1p ordinary

SWAP

Short

395

36.3160 GBP

1p ordinary

SWAP

Short

459

36.2129 GBP

1p ordinary

SWAP

Short

1,088

36.3100 GBP

1p ordinary

SWAP

Short

1,727

36.1785 GBP

1p ordinary

SWAP

Short

2,000

36.1690 GBP

1p ordinary

SWAP

Short

2,490

36.3047 GBP

1p ordinary

SWAP

Short

5,000

36.3909 GBP

1p ordinary

SWAP

Short

7,583

36.2422 GBP

1p ordinary

SWAP

Short

9,437

36.3292 GBP

1p ordinary

SWAP

Short

9,829

36.2066 GBP

1p ordinary

SWAP

Short

11,565

36.2241 GBP

1p ordinary

SWAP

Short

13,564

36.2614 GBP

1p ordinary

CFD

Short

60,732

36.2000 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 May 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213