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:

18 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:

902,663

0.79%

814,460

0.72%

(2)

Cash-settled derivatives:

and/or controlled:

779,733

0.68%

856,296

0.75%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

1,682,396

1.48%

1,670,756

1.47%

(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

2

36.1900 GBP

1p ordinary

Purchase

3

36.2700 GBP

1p ordinary

Purchase

6

36.1633 GBP

1p ordinary

Purchase

6

36.1833 GBP

1p ordinary

Purchase

13

36.1076 GBP

1p ordinary

Purchase

15

36.2713 GBP

1p ordinary

Purchase

25

36.3000 GBP

1p ordinary

Purchase

32

36.1800 GBP

1p ordinary

Purchase

65

36.2600 GBP

1p ordinary

Purchase

150

36.2400 GBP

1p ordinary

Purchase

164

36.2000 GBP

1p ordinary

Purchase

289

36.2939 GBP

1p ordinary

Purchase

292

36.1600 GBP

1p ordinary

Purchase

325

36.2344 GBP

1p ordinary

Purchase

470

36.2452 GBP

1p ordinary

Purchase

1,609

36.2139 GBP

1p ordinary

Purchase

2,173

36.2381 GBP

1p ordinary

Purchase

12,918

36.3990 GBP

1p ordinary

Purchase

17,973

36.1981 GBP

1p ordinary

Purchase

19,320

36.4185 GBP

1p ordinary

Sale

22

36.2013 GBP

1p ordinary

Sale

24

36.3000 GBP

1p ordinary

Sale

31

36.1800 GBP

1p ordinary

Sale

76

36.2000 GBP

1p ordinary

Sale

131

36.2346 GBP

1p ordinary

Sale

166

36.1443 GBP

1p ordinary

Sale

206

36.1600 GBP

1p ordinary

Sale

283

36.2400 GBP

1p ordinary

Sale

341

36.2093 GBP

1p ordinary

Sale

411

36.2189 GBP

1p ordinary

Sale

468

36.2523 GBP

1p ordinary

Sale

512

36.2392 GBP

1p ordinary

Sale

563

36.2339 GBP

1p ordinary

Sale

652

36.1340 GBP

1p ordinary

Sale

1,000

36.2572 GBP

1p ordinary

Sale

6,393

36.4200 GBP

1p ordinary

Sale

8,666

36.4152 GBP

1p ordinary

Sale

9,800

36.4272 GBP

1p ordinary

Sale

13,039

36.3977 GBP

1p ordinary

Sale

30,087

36.4033 GBP

(b)

Cash-settled derivative transactions

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

reference

unit

security

securities

1p ordinary

CFD

Long

652

36.1340 GBP

1p ordinary

CFD

Long

693

36.2023 GBP

1p ordinary

SWAP

Long

1,000

36.2572 GBP

1p ordinary

SWAP

Long

1,596

36.2639 GBP

1p ordinary

CFD

Long

5,356

36.4200 GBP

1p ordinary

CFD

Long

13,039

36.3977 GBP

1p ordinary

SWAP

Long

15,770

36.4200 GBP

1p ordinary

SWAP

Short

15

36.2712 GBP

1p ordinary

CFD

Short

28

36.2785 GBP

1p ordinary

SWAP

Short

124

36.2122 GBP

1p ordinary

SWAP

Short

404

36.2123 GBP

1p ordinary

SWAP

Short

444

36.1926 GBP

1p ordinary

SWAP

Short

1,001

36.2130 GBP

1p ordinary

SWAP

Short

1,132

36.2494 GBP

1p ordinary

SWAP

Short

1,339

36.1915 GBP

1p ordinary

SWAP

Short

2,771

36.2116 GBP

1p ordinary

SWAP

Short

3,528

36.1857 GBP

1p ordinary

SWAP

Short

10,187

36.2037 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:

19 May 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213