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:

26 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:

756,187

0.66%

1,316,406

1.16%

(2)

Cash-settled derivatives:

and/or controlled:

1,256,463

1.10%

708,921

0.62%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

2,012,650

1.77%

2,025,327

1.78%

(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

26

37.1200 GBP

1p ordinary

Purchase

30

37.2800 GBP

1p ordinary

Purchase

30

37.2763 GBP

1p ordinary

Purchase

65

37.2900 GBP

1p ordinary

Purchase

107

36.9963 GBP

1p ordinary

Purchase

434

37.2658 GBP

1p ordinary

Purchase

487

37.1400 GBP

1p ordinary

Purchase

688

37.1541 GBP

1p ordinary

Purchase

740

37.2544 GBP

1p ordinary

Purchase

865

36.9981 GBP

1p ordinary

Purchase

902

37.3054 GBP

1p ordinary

Purchase

1,134

37.2956 GBP

1p ordinary

Purchase

1,317

37.2400 GBP

1p ordinary

Purchase

1,335

37.2443 GBP

1p ordinary

Purchase

1,487

37.3000 GBP

1p ordinary

Purchase

1,743

37.2994 GBP

1p ordinary

Purchase

2,043

37.1506 GBP

1p ordinary

Purchase

3,050

37.1981 GBP

1p ordinary

Purchase

3,474

37.1450 GBP

1p ordinary

Purchase

4,141

37.1817 GBP

1p ordinary

Purchase

4,663

36.9926 GBP

1p ordinary

Purchase

5,000

37.0229 GBP

1p ordinary

Purchase

8,755

37.0470 GBP

1p ordinary

Purchase

10,000

37.2660 GBP

1p ordinary

Purchase

28,261

37.0000 GBP

1p ordinary

Purchase

61,583

37.0635 GBP

1p ordinary

Sale

16

37.1200 GBP

1p ordinary

Sale

30

37.2800 GBP

1p ordinary

Sale

31

37.0974 GBP

1p ordinary

Sale

135

37.1952 GBP

1p ordinary

Sale

143

37.1400 GBP

1p ordinary

Sale

157

37.3600 GBP

1p ordinary

Sale

169

37.1490 GBP

1p ordinary

Sale

181

37.2861 GBP

1p ordinary

Sale

219

37.2600 GBP

1p ordinary

Sale

240

37.1800 GBP

1p ordinary

Sale

241

37.2700 GBP

1p ordinary

Sale

241

37.2895 GBP

1p ordinary

Sale

245

37.2041 GBP

1p ordinary

Sale

361

37.1797 GBP

1p ordinary

Sale

368

37.3446 GBP

1p ordinary

Sale

484

37.1575 GBP

1p ordinary

Sale

822

37.1630 GBP

1p ordinary

Sale

1,009

37.1677 GBP

1p ordinary

Sale

1,066

37.1690 GBP

1p ordinary

Sale

1,110

37.0874 GBP

1p ordinary

Sale

1,441

37.1975 GBP

1p ordinary

Sale

1,899

37.1181 GBP

1p ordinary

Sale

2,025

37.1350 GBP

1p ordinary

Sale

3,566

37.1783 GBP

1p ordinary

Sale

5,000

37.3023 GBP

1p ordinary

Sale

6,887

37.1836 GBP

1p ordinary

Sale

7,036

37.0018 GBP

1p ordinary

Sale

33,932

37.0000 GBP

1p ordinary

Sale

49,049

37.0889 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

31

37.0974 GBP

1p ordinary

SWAP

Long

135

37.1952 GBP

1p ordinary

SWAP

Long

169

37.1490 GBP

1p ordinary

SWAP

Long

245

37.2041 GBP

1p ordinary

CFD

Long

310

37.2759 GBP

1p ordinary

SWAP

Long

1,000

37.2535 GBP

1p ordinary

SWAP

Long

2,216

37.1572 GBP

1p ordinary

SWAP

Long

5,577

37.2210 GBP

1p ordinary

SWAP

Long

7,718

37.1445 GBP

1p ordinary

SWAP

Long

8,832

37.1618 GBP

1p ordinary

SWAP

Long

9,904

37.1458 GBP

1p ordinary

CFD

Long

12,381

37.0000 GBP

1p ordinary

SWAP

Long

14,263

37.0000 GBP

1p ordinary

CFD

Long

16,145

37.0564 GBP

1p ordinary

SWAP

Short

1

37.2400 GBP

1p ordinary

SWAP

Short

2

37.1800 GBP

1p ordinary

SWAP

Short

126

37.1826 GBP

1p ordinary

SWAP

Short

152

37.2160 GBP

1p ordinary

CFD

Short

310

37.1850 GBP

1p ordinary

CFD

Short

487

37.1411 GBP

1p ordinary

SWAP

Short

512

37.2203 GBP

1p ordinary

SWAP

Short

610

37.2159 GBP

1p ordinary

SWAP

Short

1,481

37.2196 GBP

1p ordinary

SWAP

Short

2,362

37.1381 GBP

1p ordinary

CFD

Short

3,474

37.1450 GBP

1p ordinary

SWAP

Short

4,999

37.2429 GBP

1p ordinary

SWAP

Short

5,000

37.0229 GBP

1p ordinary

SWAP

Short

10,000

37.2660 GBP

1p ordinary

SWAP

Short

30,143

37.1184 GBP

1p ordinary

SWAP

Short

43,550

37.0000 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:

27 Apr 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213