Barclays Regulatory News (BARC)

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:

16 Jun 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:

869,225

0.76%

1,214,389

1.07%

(2)

Cash-settled derivatives:

and/or controlled:

1,167,684

1.03%

771,018

0.68%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

2,036,909

1.79%

1,985,407

1.74%

(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

28,368

36.2164 GBP

1p ordinary

Purchase

403

36.2688 GBP

1p ordinary

Purchase

2,223

36.2754 GBP

1p ordinary

Purchase

2,000

36.2527 GBP

1p ordinary

Sale

192

36.2701 GBP

1p ordinary

Sale

5,373

36.1821 GBP

1p ordinary

Purchase

3,527

36.2472 GBP

1p ordinary

Purchase

49

36.3000 GBP

1p ordinary

Purchase

862

36.2874 GBP

1p ordinary

Sale

4,735

36.2313 GBP

1p ordinary

Sale

1,891

36.2415 GBP

1p ordinary

Sale

190

36.2800 GBP

1p ordinary

Purchase

143,475

36.1800 GBP

1p ordinary

Sale

16,464

36.1892 GBP

1p ordinary

Purchase

16,464

36.1892 GBP

1p ordinary

Sale

98

36.3800 GBP

1p ordinary

Sale

884

36.2700 GBP

1p ordinary

Sale

184

36.3200 GBP

1p ordinary

Purchase

16,788

36.1781 GBP

1p ordinary

Sale

53,563

36.2076 GBP

1p ordinary

Sale

450

36.2400 GBP

1p ordinary

Purchase

493

36.2741 GBP

1p ordinary

Sale

6,967

36.2058 GBP

1p ordinary

Sale

16,147

36.1800 GBP

1p ordinary

Sale

651

36.2600 GBP

1p ordinary

Purchase

216

36.1763 GBP

1p ordinary

Sale

223

36.2808 GBP

1p ordinary

Purchase

4,356

36.2852 GBP

1p ordinary

Sale

118

36.3000 GBP

1p ordinary

Purchase

290

36.2537 GBP

1p ordinary

Purchase

9,655

36.4000 GBP

1p ordinary

Purchase

1,538

36.2604 GBP

1p ordinary

Purchase

786

36.2700 GBP

1p ordinary

Purchase

143

36.2563 GBP

1p ordinary

Purchase

899

36.2862 GBP

1p ordinary

Purchase

869

36.2685 GBP

1p ordinary

Sale

27,456

36.2603 GBP

1p ordinary

Purchase

522

36.2600 GBP

1p ordinary

Sale

137

36.2200 GBP

1p ordinary

Sale

1,883

36.2376 GBP

1p ordinary

Sale

297

36.2592 GBP

1p ordinary

Purchase

98

36.3800 GBP

1p ordinary

Purchase

439

36.2800 GBP

1p ordinary

Purchase

9,530

36.2298 GBP

1p ordinary

Sale

250

36.2457 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

36.1800 GBP

1p ordinary

SWAP

Long

150

36.2570 GBP

1p ordinary

CFD

Long

411

36.2351 GBP

1p ordinary

CFD

Long

1,162

36.2616 GBP

1p ordinary

SWAP

Long

2,024

36.2509 GBP

1p ordinary

SWAP

Long

3,413

36.2633 GBP

1p ordinary

SWAP

Long

5,370

36.2071 GBP

1p ordinary

SWAP

Long

6,967

36.2058 GBP

1p ordinary

CFD

Long

6,981

36.1800 GBP

1p ordinary

CFD

Long

16,464

36.1892 GBP

1p ordinary

SWAP

Long

38,538

36.2121 GBP

1p ordinary

SWAP

Short

9

36.2803 GBP

1p ordinary

SWAP

Short

19

36.4000 GBP

1p ordinary

SWAP

Short

55

36.2599 GBP

1p ordinary

CFD

Short

98

36.3800 GBP

1p ordinary

SWAP

Short

139

36.2631 GBP

1p ordinary

SWAP

Short

682

36.2694 GBP

1p ordinary

CFD

Short

722

36.1800 GBP

1p ordinary

SWAP

Short

1,000

36.2627 GBP

1p ordinary

SWAP

Short

1,000

36.2427 GBP

1p ordinary

SWAP

Short

1,542

36.2697 GBP

1p ordinary

SWAP

Short

2,500

36.1827 GBP

1p ordinary

SWAP

Short

2,680

36.2016 GBP

1p ordinary

CFD

Short

3,527

36.2472 GBP

1p ordinary

SWAP

Short

3,622

36.2938 GBP

1p ordinary

SWAP

Short

4,350

36.2742 GBP

1p ordinary

SWAP

Short

5,400

36.2769 GBP

1p ordinary

SWAP

Short

133,419

36.1800 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 Jun 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213