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:

31 Jul 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:

2,953,065

2.59%

1,459,706

1.28%

(2)

Cash-settled derivatives:

and/or controlled:

1,429,596

1.26%

2,866,670

2.52%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

4,382,661

3.85%

4,326,376

3.80%

(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

Sale

380

37.1437 GBP

1p ordinary

Purchase

1,320

37.1400 GBP

1p ordinary

Purchase

22,572

37.1413 GBP

1p ordinary

Sale

29,313

37.1400 GBP

1p ordinary

Sale

310

37.1200 GBP

1p ordinary

Purchase

7,972

37.1633 GBP

1p ordinary

Purchase

755

37.1404 GBP

1p ordinary

Sale

1,857

37.1500 GBP

1p ordinary

Sale

113

37.1600 GBP

1p ordinary

Sale

7,660

37.1395 GBP

1p ordinary

Sale

744

37.1534 GBP

1p ordinary

Purchase

2,039

37.1500 GBP

1p ordinary

Purchase

33,618

37.1102 GBP

1p ordinary

Purchase

6,233

37.1381 GBP

1p ordinary

Purchase

3,095

37.1787 GBP

1p ordinary

Purchase

708

37.2000 GBP

1p ordinary

Sale

1,177

37.1427 GBP

1p ordinary

Sale

49

37.1418 GBP

1p ordinary

Sale

1,044

37.1241 GBP

1p ordinary

Purchase

688

37.1600 GBP

1p ordinary

Sale

861

37.1459 GBP

1p ordinary

Sale

2,124

37.1391 GBP

1p ordinary

Purchase

651

37.1929 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

1,000

37.1372 GBP

1p ordinary

SWAP

Long

1,044

37.1241 GBP

1p ordinary

SWAP

Long

1,170

37.1374 GBP

1p ordinary

SWAP

Long

4,345

37.1400 GBP

1p ordinary

SWAP

Long

6,660

37.1398 GBP

1p ordinary

CFD

Short

9

37.1400 GBP

1p ordinary

SWAP

Short

33

37.1400 GBP

1p ordinary

SWAP

Short

688

37.1600 GBP

1p ordinary

SWAP

Short

2,616

37.1586 GBP

1p ordinary

SWAP

Short

3,501

37.1515 GBP

1p ordinary

SWAP

Short

4,293

37.1419 GBP

1p ordinary

SWAP

Short

4,891

37.1424 GBP

1p ordinary

SWAP

Short

6,276

37.1868 GBP

1p ordinary

SWAP

Short

25,000

37.1029 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:

01 Aug 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213