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:

04 Dec 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:

7,675,281

6.74%

987,824

0.87%

(2)

Cash-settled derivatives:

and/or controlled:

983,168

0.86%

7,615,172

6.69%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

8,658,449

7.60%

8,602,996

7.55%

(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

65,989

38.3000 GBP

1p ordinary

Purchase

58,897

38.2653 GBP

1p ordinary

Purchase

41,333

38.3200 GBP

1p ordinary

Purchase

29,663

38.3035 GBP

1p ordinary

Purchase

25,000

38.2791 GBP

1p ordinary

Purchase

16,420

38.2902 GBP

1p ordinary

Purchase

10,473

38.2896 GBP

1p ordinary

Purchase

6,899

38.3180 GBP

1p ordinary

Purchase

2,128

38.2977 GBP

1p ordinary

Purchase

1,600

38.2800 GBP

1p ordinary

Purchase

1,430

38.3046 GBP

1p ordinary

Purchase

260

38.2695 GBP

1p ordinary

Purchase

242

38.2900 GBP

1p ordinary

Purchase

226

38.2400 GBP

1p ordinary

Purchase

183

38.2700 GBP

1p ordinary

Purchase

11

38.2838 GBP

1p ordinary

Purchase

2

38.2850 GBP

1p ordinary

Sale

59,123

38.3023 GBP

1p ordinary

Sale

38,651

38.2948 GBP

1p ordinary

Sale

12,099

38.2906 GBP

1p ordinary

Sale

10,304

38.2952 GBP

1p ordinary

Sale

5,247

38.3161 GBP

1p ordinary

Sale

2,214

38.2954 GBP

1p ordinary

Sale

2,041

38.2698 GBP

1p ordinary

Sale

602

38.3000 GBP

1p ordinary

Sale

533

38.2762 GBP

1p ordinary

Sale

183

38.2700 GBP

1p ordinary

Sale

138

38.2600 GBP

1p ordinary

Sale

1

38.2961 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

38.2961 GBP

1p ordinary

SWAP

Long

138

38.2600 GBP

1p ordinary

SWAP

Long

602

38.3000 GBP

1p ordinary

SWAP

Long

1,490

38.2769 GBP

1p ordinary

SWAP

Long

2,214

38.2954 GBP

1p ordinary

SWAP

Long

3,704

38.2713 GBP

1p ordinary

SWAP

Long

5,247

38.3161 GBP

1p ordinary

SWAP

Long

9,479

38.2945 GBP

1p ordinary

SWAP

Long

10,304

38.2952 GBP

1p ordinary

SWAP

Short

13

38.2838 GBP

1p ordinary

SWAP

Short

141

38.3000 GBP

1p ordinary

CFD

Short

1,278

38.3200 GBP

1p ordinary

SWAP

Short

10,473

38.2896 GBP

1p ordinary

SWAP

Short

13,784

38.3015 GBP

1p ordinary

SWAP

Short

18,127

38.2998 GBP

1p ordinary

SWAP

Short

25,000

38.2791 GBP

1p ordinary

SWAP

Short

30,763

38.3200 GBP

1p ordinary

SWAP

Short

50,000

38.2630 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:

05 Dec 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213