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 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:

768,441

0.67%

1,138,372

1.00%

(2)

Cash-settled derivatives:

and/or controlled:

1,082,680

0.95%

719,465

0.63%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

1,851,121

1.63%

1,857,837

1.63%

(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

1

37.3962 GBP

1p ordinary

Purchase

4

37.4000 GBP

1p ordinary

Purchase

6

37.2200 GBP

1p ordinary

Purchase

29

37.3137 GBP

1p ordinary

Purchase

47

37.3600 GBP

1p ordinary

Purchase

86

37.0700 GBP

1p ordinary

Purchase

88

37.2400 GBP

1p ordinary

Purchase

89

37.2000 GBP

1p ordinary

Purchase

92

37.1800 GBP

1p ordinary

Purchase

119

37.1600 GBP

1p ordinary

Purchase

142

37.3474 GBP

1p ordinary

Purchase

158

37.2632 GBP

1p ordinary

Purchase

222

37.2800 GBP

1p ordinary

Purchase

269

37.2469 GBP

1p ordinary

Purchase

273

37.2600 GBP

1p ordinary

Purchase

273

37.2131 GBP

1p ordinary

Purchase

318

37.3200 GBP

1p ordinary

Purchase

322

37.2170 GBP

1p ordinary

Purchase

359

37.1968 GBP

1p ordinary

Purchase

444

37.1950 GBP

1p ordinary

Purchase

490

37.2770 GBP

1p ordinary

Purchase

628

37.3066 GBP

1p ordinary

Purchase

1,000

37.2627 GBP

1p ordinary

Purchase

1,000

37.0826 GBP

1p ordinary

Purchase

1,000

37.1767 GBP

1p ordinary

Purchase

1,016

37.1200 GBP

1p ordinary

Purchase

1,067

37.1041 GBP

1p ordinary

Purchase

1,966

37.2109 GBP

1p ordinary

Purchase

2,000

37.1945 GBP

1p ordinary

Purchase

3,035

37.1593 GBP

1p ordinary

Purchase

6,766

37.2167 GBP

1p ordinary

Purchase

15,499

37.0600 GBP

1p ordinary

Purchase

29,171

37.2251 GBP

1p ordinary

Purchase

32,381

37.0615 GBP

1p ordinary

Purchase

56,797

37.3088 GBP

1p ordinary

Purchase

91,076

37.0904 GBP

1p ordinary

Purchase

172,465

37.1595 GBP

1p ordinary

Sale

1

37.4000 GBP

1p ordinary

Sale

6

37.2200 GBP

1p ordinary

Sale

23

37.3473 GBP

1p ordinary

Sale

53

37.1603 GBP

1p ordinary

Sale

75

37.1600 GBP

1p ordinary

Sale

88

37.2400 GBP

1p ordinary

Sale

102

37.1758 GBP

1p ordinary

Sale

125

37.3143 GBP

1p ordinary

Sale

130

37.1181 GBP

1p ordinary

Sale

133

37.1705 GBP

1p ordinary

Sale

162

37.3104 GBP

1p ordinary

Sale

167

37.1800 GBP

1p ordinary

Sale

185

37.2600 GBP

1p ordinary

Sale

194

37.2432 GBP

1p ordinary

Sale

195

37.1938 GBP

1p ordinary

Sale

254

37.2207 GBP

1p ordinary

Sale

264

37.3200 GBP

1p ordinary

Sale

269

37.1710 GBP

1p ordinary

Sale

364

37.2800 GBP

1p ordinary

Sale

378

37.1647 GBP

1p ordinary

Sale

388

37.3091 GBP

1p ordinary

Sale

444

37.1963 GBP

1p ordinary

Sale

503

37.1582 GBP

1p ordinary

Sale

575

37.3014 GBP

1p ordinary

Sale

726

37.2267 GBP

1p ordinary

Sale

729

37.2690 GBP

1p ordinary

Sale

805

37.2970 GBP

1p ordinary

Sale

808

37.1256 GBP

1p ordinary

Sale

844

37.2443 GBP

1p ordinary

Sale

1,000

37.2693 GBP

1p ordinary

Sale

1,016

37.1200 GBP

1p ordinary

Sale

1,152

37.1914 GBP

1p ordinary

Sale

1,304

37.2913 GBP

1p ordinary

Sale

1,335

37.2638 GBP

1p ordinary

Sale

1,547

37.2618 GBP

1p ordinary

Sale

1,553

37.0525 GBP

1p ordinary

Sale

1,609

37.2978 GBP

1p ordinary

Sale

2,065

37.2452 GBP

1p ordinary

Sale

2,133

37.1573 GBP

1p ordinary

Sale

2,271

37.0600 GBP

1p ordinary

Sale

2,406

37.3130 GBP

1p ordinary

Sale

2,588

37.3016 GBP

1p ordinary

Sale

3,432

37.3280 GBP

1p ordinary

Sale

4,646

37.2238 GBP

1p ordinary

Sale

5,112

37.2935 GBP

1p ordinary

Sale

5,769

37.2100 GBP

1p ordinary

Sale

6,582

37.1331 GBP

1p ordinary

Sale

6,693

37.3004 GBP

1p ordinary

Sale

8,815

37.1306 GBP

1p ordinary

Sale

9,921

37.3217 GBP

1p ordinary

Sale

11,203

37.0686 GBP

1p ordinary

Sale

12,487

37.1379 GBP

1p ordinary

Sale

14,397

37.1798 GBP

1p ordinary

Sale

16,000

37.3600 GBP

1p ordinary

Sale

18,775

37.1084 GBP

1p ordinary

Sale

18,833

37.3166 GBP

1p ordinary

Sale

20,740

37.1741 GBP

1p ordinary

Sale

22,280

37.0944 GBP

1p ordinary

Sale

32,381

37.0615 GBP

1p ordinary

Sale

41,367

37.2306 GBP

1p ordinary

Sale

42,129

37.1024 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

217

37.0770 GBP

1p ordinary

CFD

Long

704

37.0600 GBP

1p ordinary

SWAP

Long

1,000

37.2693 GBP

1p ordinary

SWAP

Long

1,553

37.0525 GBP

1p ordinary

SWAP

Long

2,065

37.2452 GBP

1p ordinary

SWAP

Long

2,587

37.1353 GBP

1p ordinary

SWAP

Long

13,647

37.1897 GBP

1p ordinary

SWAP

Short

2

37.0600 GBP

1p ordinary

SWAP

Short

4

37.4007 GBP

1p ordinary

SWAP

Short

29

37.3138 GBP

1p ordinary

CFD

Short

50

37.1500 GBP

1p ordinary

SWAP

Short

178

37.2634 GBP

1p ordinary

SWAP

Short

422

37.2206 GBP

1p ordinary

SWAP

Short

638

37.2232 GBP

1p ordinary

SWAP

Short

640

37.2297 GBP

1p ordinary

CFD

Short

704

37.0600 GBP

1p ordinary

SWAP

Short

822

37.1580 GBP

1p ordinary

SWAP

Short

1,000

37.0826 GBP

1p ordinary

SWAP

Short

1,000

37.2627 GBP

1p ordinary

SWAP

Short

1,375

37.2195 GBP

1p ordinary

SWAP

Short

2,235

37.3152 GBP

1p ordinary

SWAP

Short

2,395

37.1405 GBP

1p ordinary

SWAP

Short

16,360

37.1267 GBP

1p ordinary

SWAP

Short

17,847

37.1134 GBP

1p ordinary

SWAP

Short

29,886

37.0990 GBP

1p ordinary

CFD

Short

32,381

37.0615 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 May 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213