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:

28 Apr 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:

756,973

0.66%

1,240,071

1.09%

(2)

Cash-settled derivatives:

and/or controlled:

1,195,907

1.05%

721,497

0.63%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

1,952,880

1.72%

1,961,568

1.72%

(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

23

37.2208 GBP

1p ordinary

Purchase

83

37.1959 GBP

1p ordinary

Purchase

228

37.1861 GBP

1p ordinary

Purchase

247

37.2762 GBP

1p ordinary

Purchase

277

37.2050 GBP

1p ordinary

Purchase

300

37.2150 GBP

1p ordinary

Purchase

367

37.1991 GBP

1p ordinary

Purchase

500

37.1600 GBP

1p ordinary

Purchase

790

37.2079 GBP

1p ordinary

Purchase

936

37.1421 GBP

1p ordinary

Purchase

1,605

37.1798 GBP

1p ordinary

Purchase

1,920

37.1924 GBP

1p ordinary

Purchase

2,065

37.1610 GBP

1p ordinary

Purchase

2,782

37.2981 GBP

1p ordinary

Purchase

4,097

37.1771 GBP

1p ordinary

Purchase

20,321

37.3000 GBP

1p ordinary

Purchase

64,200

37.1966 GBP

1p ordinary

Sale

8

37.1400 GBP

1p ordinary

Sale

66

37.3037 GBP

1p ordinary

Sale

254

37.0942 GBP

1p ordinary

Sale

262

37.1300 GBP

1p ordinary

Sale

327

37.2000 GBP

1p ordinary

Sale

500

37.1600 GBP

1p ordinary

Sale

594

37.1800 GBP

1p ordinary

Sale

977

37.1427 GBP

1p ordinary

Sale

1,096

37.1894 GBP

1p ordinary

Sale

2,028

37.3018 GBP

1p ordinary

Sale

5,000

37.1292 GBP

1p ordinary

Sale

21,092

37.3000 GBP

1p ordinary

Sale

57,149

37.2821 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

170

37.1566 GBP

1p ordinary

CFD

Long

171

37.3000 GBP

1p ordinary

SWAP

Long

660

37.1104 GBP

1p ordinary

SWAP

Long

3,050

37.1893 GBP

1p ordinary

SWAP

Long

5,000

37.1292 GBP

1p ordinary

SWAP

Long

7,181

37.1899 GBP

1p ordinary

SWAP

Long

47,975

37.3000 GBP

1p ordinary

SWAP

Short

2

37.3000 GBP

1p ordinary

SWAP

Short

23

37.2207 GBP

1p ordinary

SWAP

Short

83

37.1959 GBP

1p ordinary

CFD

Short

228

37.1861 GBP

1p ordinary

SWAP

Short

247

37.2762 GBP

1p ordinary

SWAP

Short

277

37.2050 GBP

1p ordinary

SWAP

Short

434

37.1672 GBP

1p ordinary

SWAP

Short

610

37.1592 GBP

1p ordinary

CFD

Short

1,239

37.2238 GBP

1p ordinary

SWAP

Short

1,454

37.1667 GBP

1p ordinary

SWAP

Short

1,920

37.1924 GBP

1p ordinary

SWAP

Short

2,065

37.1610 GBP

1p ordinary

SWAP

Short

8,933

37.1576 GBP

1p ordinary

SWAP

Short

13,063

37.1876 GBP

1p ordinary

SWAP

Short

13,298

37.1380 GBP

1p ordinary

SWAP

Short

14,714

37.1598 GBP

1p ordinary

CFD

Short

16,995

37.3000 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:

01 May 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213