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:

06 Oct 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:

7,306,205

6.42%

1,844,446

1.62%

(2)

Cash-settled derivatives:

and/or controlled:

1,173,883

1.03%

7,203,568

6.33%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

8,480,088

7.45%

9,048,014

7.94%

(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

159,998

37.9361 GBP

1p ordinary

Purchase

35,585

38.0000 GBP

1p ordinary

Purchase

28,876

37.9624 GBP

1p ordinary

Purchase

21,562

38.0045 GBP

1p ordinary

Purchase

7,530

38.0015 GBP

1p ordinary

Purchase

3,581

37.9300 GBP

1p ordinary

Purchase

1,901

38.0178 GBP

1p ordinary

Purchase

1,507

37.9200 GBP

1p ordinary

Purchase

759

38.0381 GBP

1p ordinary

Purchase

747

38.0188 GBP

1p ordinary

Purchase

734

37.9618 GBP

1p ordinary

Purchase

551

38.0236 GBP

1p ordinary

Purchase

518

37.9935 GBP

1p ordinary

Purchase

458

37.9610 GBP

1p ordinary

Purchase

400

37.9600 GBP

1p ordinary

Purchase

374

37.9800 GBP

1p ordinary

Purchase

239

37.9400 GBP

1p ordinary

Purchase

189

38.0400 GBP

1p ordinary

Purchase

125

38.0200 GBP

1p ordinary

Purchase

9

37.9966 GBP

1p ordinary

Sale

66,210

37.9420 GBP

1p ordinary

Sale

32,411

37.9306 GBP

1p ordinary

Sale

25,244

37.9412 GBP

1p ordinary

Sale

11,297

37.9204 GBP

1p ordinary

Sale

10,511

37.9304 GBP

1p ordinary

Sale

9,391

37.9571 GBP

1p ordinary

Sale

5,581

37.9307 GBP

1p ordinary

Sale

4,649

37.9300 GBP

1p ordinary

Sale

1,968

37.9604 GBP

1p ordinary

Sale

1,500

37.9432 GBP

1p ordinary

Sale

1,215

37.9400 GBP

1p ordinary

Sale

267

37.9623 GBP

1p ordinary

Sale

176

37.9200 GBP

1p ordinary

Sale

125

38.0000 GBP

1p ordinary

Sale

123

37.9736 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

2,566

37.9508 GBP

1p ordinary

SWAP

Long

3,553

37.9529 GBP

1p ordinary

SWAP

Long

7,007

37.9584 GBP

1p ordinary

SWAP

Short

9

37.9971 GBP

1p ordinary

SWAP

Short

125

38.0200 GBP

1p ordinary

SWAP

Short

304

37.9423 GBP

1p ordinary

SWAP

Short

367

38.0030 GBP

1p ordinary

SWAP

Short

455

37.9404 GBP

1p ordinary

SWAP

Short

759

38.0381 GBP

1p ordinary

CFD

Short

2,097

38.0243 GBP

1p ordinary

SWAP

Short

2,655

37.9598 GBP

1p ordinary

SWAP

Short

3,581

37.9300 GBP

1p ordinary

SWAP

Short

4,553

38.0211 GBP

1p ordinary

SWAP

Short

13,182

37.9705 GBP

1p ordinary

SWAP

Short

15,582

38.0000 GBP

1p ordinary

SWAP

Short

16,751

37.9617 GBP

1p ordinary

SWAP

Short

20,000

38.0047 GBP

1p ordinary

SWAP

Short

21,562

38.0045 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:

09 Oct 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213