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:

17 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:

7,549,616

6.63%

2,011,490

1.77%

(2)

Cash-settled derivatives:

and/or controlled:

1,338,762

1.18%

7,452,912

6.54%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

8,888,378

7.80%

9,464,402

8.31%

(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

21,500

37.9980 GBP

1p ordinary

Purchase

21,105

37.9738 GBP

1p ordinary

Purchase

19,664

37.9600 GBP

1p ordinary

Purchase

15,166

37.9893 GBP

1p ordinary

Purchase

12,431

37.9800 GBP

1p ordinary

Purchase

10,000

37.9979 GBP

1p ordinary

Purchase

10,000

38.0380 GBP

1p ordinary

Purchase

3,264

37.9400 GBP

1p ordinary

Purchase

2,627

37.9986 GBP

1p ordinary

Purchase

2,297

37.9928 GBP

1p ordinary

Purchase

2,193

37.9820 GBP

1p ordinary

Purchase

932

37.9900 GBP

1p ordinary

Purchase

730

37.9972 GBP

1p ordinary

Purchase

669

37.9713 GBP

1p ordinary

Purchase

597

38.0000 GBP

1p ordinary

Purchase

434

38.0062 GBP

1p ordinary

Purchase

367

37.9873 GBP

1p ordinary

Purchase

332

38.0400 GBP

1p ordinary

Purchase

240

37.9863 GBP

1p ordinary

Purchase

21

37.9742 GBP

1p ordinary

Sale

22,925

37.9676 GBP

1p ordinary

Sale

21,225

37.9600 GBP

1p ordinary

Sale

5,129

37.9758 GBP

1p ordinary

Sale

4,828

37.9674 GBP

1p ordinary

Sale

4,580

37.9400 GBP

1p ordinary

Sale

4,125

37.9672 GBP

1p ordinary

Sale

3,620

37.9818 GBP

1p ordinary

Sale

2,093

37.9801 GBP

1p ordinary

Sale

1,642

37.9800 GBP

1p ordinary

Sale

804

37.9843 GBP

1p ordinary

Sale

546

38.0004 GBP

1p ordinary

Sale

289

38.0000 GBP

1p ordinary

Sale

28

37.9667 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

28

37.9666 GBP

1p ordinary

SWAP

Long

277

37.9800 GBP

1p ordinary

SWAP

Long

288

37.9400 GBP

1p ordinary

SWAP

Long

416

37.9762 GBP

1p ordinary

SWAP

Long

5,870

37.9566 GBP

1p ordinary

SWAP

Long

10,471

37.9699 GBP

1p ordinary

SWAP

Long

21,119

37.9667 GBP

1p ordinary

SWAP

Short

21

37.9742 GBP

1p ordinary

SWAP

Short

393

38.0000 GBP

1p ordinary

CFD

Short

434

38.0062 GBP

1p ordinary

CFD

Short

530

37.9851 GBP

1p ordinary

SWAP

Short

972

37.9739 GBP

1p ordinary

SWAP

Short

1,916

37.9746 GBP

1p ordinary

CFD

Short

2,297

37.9927 GBP

1p ordinary

SWAP

Short

3,601

37.9981 GBP

1p ordinary

SWAP

Short

15,166

37.9893 GBP

1p ordinary

SWAP

Short

19,691

37.9745 GBP

1p ordinary

SWAP

Short

20,000

38.0179 GBP

1p ordinary

SWAP

Short

21,500

37.9980 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:

18 Oct 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213