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 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:

977,013

0.86%

896,588

0.79%

(2)

Cash-settled derivatives:

and/or controlled:

867,194

0.76%

931,056

0.82%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

1,844,207

1.62%

1,827,644

1.60%

(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

8,112

33.7000 GBP

1p ordinary

Sale

4,513

33.7132 GBP

1p ordinary

Sale

200

34.1600 GBP

1p ordinary

Sale

7,618

33.8235 GBP

1p ordinary

Sale

461

33.6258 GBP

1p ordinary

Sale

39,231

33.7915 GBP

1p ordinary

Purchase

4,584

33.8205 GBP

1p ordinary

Sale

177

33.5700 GBP

1p ordinary

Purchase

499

33.7586 GBP

1p ordinary

Purchase

820

33.5731 GBP

1p ordinary

Purchase

1,749

33.9666 GBP

1p ordinary

Purchase

13,646

33.4108 GBP

1p ordinary

Sale

482

33.5564 GBP

1p ordinary

Purchase

20

33.5900 GBP

1p ordinary

Sale

728

33.6159 GBP

1p ordinary

Sale

1,750

33.9851 GBP

1p ordinary

Purchase

200

34.1589 GBP

1p ordinary

Sale

500

33.9800 GBP

1p ordinary

Sale

9,132

33.9377 GBP

1p ordinary

Purchase

156

34.0400 GBP

1p ordinary

Purchase

285

34.1800 GBP

1p ordinary

Purchase

89,931

33.4188 GBP

1p ordinary

Purchase

99

33.7025 GBP

1p ordinary

Purchase

236

33.5600 GBP

1p ordinary

Purchase

106

33.4800 GBP

1p ordinary

Sale

35

33.7194 GBP

1p ordinary

Sale

1,359

33.8217 GBP

1p ordinary

Purchase

218

33.9517 GBP

1p ordinary

Purchase

72

34.0200 GBP

1p ordinary

Sale

2,500

33.2800 GBP

1p ordinary

Sale

499

33.7600 GBP

1p ordinary

Sale

289

34.1710 GBP

1p ordinary

Purchase

11

33.2000 GBP

1p ordinary

Sale

390

33.6278 GBP

1p ordinary

Sale

18

33.8226 GBP

1p ordinary

Purchase

229

33.2427 GBP

1p ordinary

Purchase

694

34.0242 GBP

1p ordinary

Sale

285

34.1800 GBP

1p ordinary

Sale

432

33.6056 GBP

1p ordinary

Purchase

1,016

33.5834 GBP

1p ordinary

Sale

1,118

33.6929 GBP

1p ordinary

Purchase

901

33.6778 GBP

1p ordinary

Purchase

200

33.7400 GBP

1p ordinary

Sale

72

34.0200 GBP

1p ordinary

Sale

251

33.8200 GBP

1p ordinary

Sale

1,000

33.5546 GBP

1p ordinary

Purchase

208

33.9130 GBP

1p ordinary

Sale

32

33.5200 GBP

1p ordinary

Sale

324

33.5900 GBP

1p ordinary

Purchase

236

34.1457 GBP

1p ordinary

Purchase

132

34.3000 GBP

1p ordinary

Purchase

894

33.8297 GBP

1p ordinary

Sale

132

34.0400 GBP

1p ordinary

Purchase

11

33.2100 GBP

1p ordinary

Purchase

177

33.5700 GBP

1p ordinary

Sale

6,000

34.1198 GBP

1p ordinary

Purchase

88,449

33.4000 GBP

1p ordinary

Sale

49,979

33.6822 GBP

1p ordinary

Purchase

200

34.1600 GBP

1p ordinary

Purchase

50,724

33.4195 GBP

1p ordinary

Purchase

171

33.7357 GBP

1p ordinary

Purchase

2,500

33.2800 GBP

1p ordinary

Sale

132

34.3000 GBP

1p ordinary

Purchase

1,804

33.7119 GBP

1p ordinary

Sale

137

33.4759 GBP

1p ordinary

Sale

2,227

33.6677 GBP

1p ordinary

Purchase

251

33.8200 GBP

1p ordinary

Purchase

694

33.4546 GBP

1p ordinary

Sale

164,933

33.4000 GBP

1p ordinary

Purchase

345

33.6515 GBP

1p ordinary

Purchase

499

33.7600 GBP

1p ordinary

Sale

749

33.6070 GBP

1p ordinary

Sale

218

33.9517 GBP

1p ordinary

Purchase

706

33.9958 GBP

1p ordinary

Sale

242

33.7272 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

33.4000 GBP

1p ordinary

SWAP

Long

18

33.8226 GBP

1p ordinary

SWAP

Long

35

33.7193 GBP

1p ordinary

SWAP

Long

289

34.1710 GBP

1p ordinary

SWAP

Long

500

33.9766 GBP

1p ordinary

CFD

Long

591

33.7251 GBP

1p ordinary

SWAP

Long

1,000

33.5546 GBP

1p ordinary

SWAP

Long

1,118

33.6929 GBP

1p ordinary

SWAP

Long

1,750

33.9851 GBP

1p ordinary

SWAP

Long

9,132

33.9377 GBP

1p ordinary

CFD

Long

11,709

33.6402 GBP

1p ordinary

SWAP

Long

14,363

33.8289 GBP

1p ordinary

SWAP

Long

15,503

33.6735 GBP

1p ordinary

SWAP

Long

18,191

33.8771 GBP

1p ordinary

SWAP

Long

20,662

33.9972 GBP

1p ordinary

CFD

Long

52,979

33.4000 GBP

1p ordinary

SWAP

Short

99

33.7025 GBP

1p ordinary

SWAP

Short

103

33.8079 GBP

1p ordinary

CFD

Short

251

33.8230 GBP

1p ordinary

SWAP

Short

278

33.8069 GBP

1p ordinary

CFD

Short

499

33.7630 GBP

1p ordinary

SWAP

Short

755

33.7879 GBP

1p ordinary

SWAP

Short

901

33.6778 GBP

1p ordinary

SWAP

Short

1,470

33.6769 GBP

1p ordinary

SWAP

Short

1,653

33.7873 GBP

1p ordinary

CFD

Short

6,000

33.5777 GBP

1p ordinary

SWAP

Short

6,299

33.4423 GBP

1p ordinary

CFD

Short

8,626

33.4030 GBP

1p ordinary

SWAP

Short

36,386

33.4000 GBP

1p ordinary

CFD

Short

39,273

33.4000 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 Jun 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213