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:

11 Aug 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:

3,266,001

2.87%

1,800,343

1.58%

(2)

Cash-settled derivatives:

and/or controlled:

1,782,764

1.57%

3,195,524

2.81%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

5,048,765

4.43%

4,995,867

4.39%

(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

270

37.9200 GBP

1p ordinary

Sale

1,452

37.9455 GBP

1p ordinary

Purchase

10,850

37.9749 GBP

1p ordinary

Purchase

5,136

37.9400 GBP

1p ordinary

Purchase

4,463

37.9781 GBP

1p ordinary

Sale

1

37.9837 GBP

1p ordinary

Sale

14,720

37.9357 GBP

1p ordinary

Purchase

2

37.9600 GBP

1p ordinary

Sale

4,888

37.9400 GBP

1p ordinary

Sale

8,552

37.9378 GBP

1p ordinary

Purchase

2

37.9162 GBP

1p ordinary

Sale

18,000

37.9510 GBP

1p ordinary

Purchase

5,173

37.9726 GBP

1p ordinary

Purchase

18

37.9500 GBP

1p ordinary

Purchase

3,407

37.9278 GBP

1p ordinary

Purchase

100,000

37.9484 GBP

1p ordinary

Sale

147

37.9600 GBP

1p ordinary

Purchase

4,000

37.9628 GBP

1p ordinary

Sale

2,547

37.9243 GBP

1p ordinary

Purchase

2,277

38.0929 GBP

1p ordinary

Sale

631

37.9642 GBP

1p ordinary

Sale

19

37.9500 GBP

1p ordinary

Purchase

8,449

37.9745 GBP

1p ordinary

Purchase

5,918

37.9800 GBP

1p ordinary

Sale

59,240

37.9381 GBP

1p ordinary

Purchase

6,024

37.9803 GBP

1p ordinary

Sale

253

37.9439 GBP

1p ordinary

Sale

456

37.9567 GBP

1p ordinary

Sale

186,177

37.9800 GBP

1p ordinary

Purchase

7

37.9490 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

1

37.9800 GBP

1p ordinary

SWAP

Long

1,452

37.9455 GBP

1p ordinary

SWAP

Long

2,215

37.9400 GBP

1p ordinary

SWAP

Long

5,000

37.9411 GBP

1p ordinary

SWAP

Long

13,000

37.9548 GBP

1p ordinary

SWAP

Long

23,025

37.9429 GBP

1p ordinary

SWAP

Long

25,083

37.9375 GBP

1p ordinary

SWAP

Long

34,736

37.9331 GBP

1p ordinary

SWAP

Long

175,571

37.9800 GBP

1p ordinary

CFD

Short

13

37.9800 GBP

1p ordinary

SWAP

Short

1,066

37.9830 GBP

1p ordinary

SWAP

Short

1,452

37.9800 GBP

1p ordinary

CFD

Short

3,407

37.9278 GBP

1p ordinary

SWAP

Short

4,000

37.9628 GBP

1p ordinary

SWAP

Short

10,850

37.9749 GBP

1p ordinary

SWAP

Short

20,857

37.9884 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:

14 Aug 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213