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:

03 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:

781,294

0.69%

1,024,494

0.90%

(2)

Cash-settled derivatives:

and/or controlled:

965,730

0.85%

724,581

0.64%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

1,747,024

1.53%

1,749,075

1.54%

(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

3

37.0007 GBP

1p ordinary

Purchase

53

37.0305 GBP

1p ordinary

Purchase

90

36.9000 GBP

1p ordinary

Purchase

92

37.0100 GBP

1p ordinary

Purchase

111

36.9261 GBP

1p ordinary

Purchase

191

37.1600 GBP

1p ordinary

Purchase

233

36.9887 GBP

1p ordinary

Purchase

238

37.0395 GBP

1p ordinary

Purchase

270

37.2000 GBP

1p ordinary

Purchase

360

37.1212 GBP

1p ordinary

Purchase

401

37.0037 GBP

1p ordinary

Purchase

453

36.9970 GBP

1p ordinary

Purchase

454

36.9534 GBP

1p ordinary

Purchase

504

37.0000 GBP

1p ordinary

Purchase

758

37.0836 GBP

1p ordinary

Purchase

890

36.9935 GBP

1p ordinary

Purchase

1,000

37.0293 GBP

1p ordinary

Purchase

1,374

37.0064 GBP

1p ordinary

Purchase

1,612

36.9764 GBP

1p ordinary

Purchase

1,752

36.9987 GBP

1p ordinary

Purchase

3,417

36.9181 GBP

1p ordinary

Purchase

4,355

37.0081 GBP

1p ordinary

Purchase

5,220

36.9200 GBP

1p ordinary

Purchase

5,969

37.0754 GBP

1p ordinary

Purchase

7,949

36.9267 GBP

1p ordinary

Purchase

9,159

37.0553 GBP

1p ordinary

Purchase

11,107

37.0422 GBP

1p ordinary

Purchase

11,839

36.9126 GBP

1p ordinary

Purchase

114,415

36.9755 GBP

1p ordinary

Sale

16

37.0200 GBP

1p ordinary

Sale

67

37.0300 GBP

1p ordinary

Sale

90

36.9000 GBP

1p ordinary

Sale

107

37.1000 GBP

1p ordinary

Sale

168

37.0000 GBP

1p ordinary

Sale

270

37.2000 GBP

1p ordinary

Sale

408

37.0217 GBP

1p ordinary

Sale

544

36.9938 GBP

1p ordinary

Sale

629

37.0472 GBP

1p ordinary

Sale

671

37.0743 GBP

1p ordinary

Sale

753

37.0012 GBP

1p ordinary

Sale

796

37.2018 GBP

1p ordinary

Sale

818

37.0379 GBP

1p ordinary

Sale

1,688

37.0536 GBP

1p ordinary

Sale

5,286

36.9200 GBP

1p ordinary

Sale

7,949

36.9267 GBP

1p ordinary

Sale

13,024

37.0719 GBP

1p ordinary

Sale

24,254

36.9203 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

539

36.9770 GBP

1p ordinary

CFD

Long

544

36.9938 GBP

1p ordinary

CFD

Long

904

36.9200 GBP

1p ordinary

SWAP

Long

8,884

36.9126 GBP

1p ordinary

SWAP

Long

15,727

37.0705 GBP

1p ordinary

SWAP

Short

2

36.9200 GBP

1p ordinary

SWAP

Short

5

37.0007 GBP

1p ordinary

SWAP

Short

53

37.0305 GBP

1p ordinary

CFD

Short

56

37.0003 GBP

1p ordinary

SWAP

Short

111

36.9261 GBP

1p ordinary

SWAP

Short

368

37.0602 GBP

1p ordinary

SWAP

Short

456

37.0894 GBP

1p ordinary

CFD

Short

827

36.9967 GBP

1p ordinary

CFD

Short

904

36.9200 GBP

1p ordinary

SWAP

Short

1,000

37.0293 GBP

1p ordinary

SWAP

Short

1,221

37.0593 GBP

1p ordinary

SWAP

Short

2,000

37.0118 GBP

1p ordinary

SWAP

Short

3,824

37.0041 GBP

1p ordinary

SWAP

Short

4,902

37.0175 GBP

1p ordinary

SWAP

Short

5,000

37.0029 GBP

1p ordinary

SWAP

Short

7,721

36.9895 GBP

1p ordinary

CFD

Short

7,949

36.9267 GBP

1p ordinary

SWAP

Short

10,651

37.0402 GBP

1p ordinary

SWAP

Short

15,891

37.0401 GBP

1p ordinary

SWAP

Short

37,024

36.9665 GBP

1p ordinary

SWAP

Short

48,699

36.9840 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:

04 May 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213