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:

19 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:

7,636,032

6.70%

2,106,610

1.85%

(2)

Cash-settled derivatives:

and/or controlled:

1,433,913

1.26%

7,541,229

6.62%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

9,069,945

7.96%

9,647,839

8.47%

(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

15,624

37.9128 GBP

1p ordinary

Purchase

11,674

37.8460 GBP

1p ordinary

Purchase

10,000

37.8515 GBP

1p ordinary

Purchase

10,000

37.9189 GBP

1p ordinary

Purchase

8,918

37.8983 GBP

1p ordinary

Purchase

6,117

37.9173 GBP

1p ordinary

Purchase

4,768

37.8200 GBP

1p ordinary

Purchase

2,101

37.9500 GBP

1p ordinary

Purchase

865

37.8877 GBP

1p ordinary

Purchase

823

37.9051 GBP

1p ordinary

Purchase

758

37.8817 GBP

1p ordinary

Purchase

738

37.9000 GBP

1p ordinary

Purchase

686

37.8879 GBP

1p ordinary

Purchase

483

37.8400 GBP

1p ordinary

Purchase

459

37.8600 GBP

1p ordinary

Purchase

443

37.9400 GBP

1p ordinary

Purchase

363

37.8999 GBP

1p ordinary

Purchase

228

37.9600 GBP

1p ordinary

Purchase

224

37.8800 GBP

1p ordinary

Purchase

80

37.8700 GBP

1p ordinary

Sale

28,008

37.8564 GBP

1p ordinary

Sale

11,500

37.8443 GBP

1p ordinary

Sale

10,742

37.8417 GBP

1p ordinary

Sale

5,289

37.8737 GBP

1p ordinary

Sale

3,950

37.8200 GBP

1p ordinary

Sale

3,838

37.9000 GBP

1p ordinary

Sale

2,285

37.8839 GBP

1p ordinary

Sale

1,258

37.8998 GBP

1p ordinary

Sale

744

37.8774 GBP

1p ordinary

Sale

631

37.8709 GBP

1p ordinary

Sale

483

37.8400 GBP

1p ordinary

Sale

428

37.8600 GBP

1p ordinary

Sale

367

37.8941 GBP

1p ordinary

Sale

354

37.9400 GBP

1p ordinary

Sale

304

37.9068 GBP

1p ordinary

Sale

240

37.8918 GBP

1p ordinary

Sale

185

37.8800 GBP

1p ordinary

Sale

107

37.9200 GBP

1p ordinary

Sale

103

37.8900 GBP

1p ordinary

Sale

63

37.8511 GBP

1p ordinary

Sale

16

37.8000 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

23

37.8900 GBP

1p ordinary

SWAP

Long

63

37.8511 GBP

1p ordinary

CFD

Long

104

37.8448 GBP

1p ordinary

SWAP

Long

136

37.9400 GBP

1p ordinary

SWAP

Long

168

37.8800 GBP

1p ordinary

SWAP

Long

631

37.8709 GBP

1p ordinary

SWAP

Long

3,140

37.8359 GBP

1p ordinary

SWAP

Long

3,768

37.8392 GBP

1p ordinary

SWAP

Long

4,207

37.8349 GBP

1p ordinary

SWAP

Long

11,065

37.8695 GBP

1p ordinary

SWAP

Long

22,019

37.8627 GBP

1p ordinary

SWAP

Short

7

37.9600 GBP

1p ordinary

SWAP

Short

161

37.9030 GBP

1p ordinary

SWAP

Short

1,447

37.8844 GBP

1p ordinary

CFD

Short

2,547

37.9382 GBP

1p ordinary

SWAP

Short

8,621

37.9026 GBP

1p ordinary

SWAP

Short

15,624

37.9128 GBP

1p ordinary

SWAP

Short

20,000

37.8852 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:

20 Oct 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213