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:

20 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:

710,860

0.62%

1,433,952

1.26%

(2)

Cash-settled derivatives:

and/or controlled:

1,377,432

1.21%

666,504

0.59%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

2,088,292

1.83%

2,100,456

1.84%

(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

6

37.6800 GBP

1p ordinary

Purchase

75

37.5400 GBP

1p ordinary

Purchase

75

37.6000 GBP

1p ordinary

Purchase

84

37.6200 GBP

1p ordinary

Purchase

116

37.6267 GBP

1p ordinary

Purchase

141

37.6228 GBP

1p ordinary

Purchase

159

37.5894 GBP

1p ordinary

Purchase

195

37.6525 GBP

1p ordinary

Purchase

212

37.6400 GBP

1p ordinary

Purchase

271

37.6185 GBP

1p ordinary

Purchase

304

37.6827 GBP

1p ordinary

Purchase

345

37.6262 GBP

1p ordinary

Purchase

798

37.6314 GBP

1p ordinary

Purchase

904

37.5800 GBP

1p ordinary

Purchase

1,250

37.6297 GBP

1p ordinary

Purchase

1,684

37.6279 GBP

1p ordinary

Purchase

2,100

37.5700 GBP

1p ordinary

Purchase

2,618

37.6282 GBP

1p ordinary

Purchase

4,483

37.6545 GBP

1p ordinary

Purchase

4,860

37.6554 GBP

1p ordinary

Purchase

6,310

37.6329 GBP

1p ordinary

Purchase

6,913

37.6601 GBP

1p ordinary

Purchase

10,674

37.4959 GBP

1p ordinary

Purchase

11,210

37.6524 GBP

1p ordinary

Purchase

11,285

37.6600 GBP

1p ordinary

Purchase

12,758

37.5187 GBP

1p ordinary

Purchase

26,183

37.6331 GBP

1p ordinary

Purchase

42,714

37.6438 GBP

1p ordinary

Purchase

50,000

37.7188 GBP

1p ordinary

Sale

2

37.6637 GBP

1p ordinary

Sale

51

37.6364 GBP

1p ordinary

Sale

61

37.6363 GBP

1p ordinary

Sale

75

37.5400 GBP

1p ordinary

Sale

81

37.5800 GBP

1p ordinary

Sale

83

37.6159 GBP

1p ordinary

Sale

105

37.6508 GBP

1p ordinary

Sale

107

37.6166 GBP

1p ordinary

Sale

123

37.6499 GBP

1p ordinary

Sale

141

37.6356 GBP

1p ordinary

Sale

153

37.6803 GBP

1p ordinary

Sale

154

37.6594 GBP

1p ordinary

Sale

184

37.6463 GBP

1p ordinary

Sale

191

37.6449 GBP

1p ordinary

Sale

212

37.6333 GBP

1p ordinary

Sale

245

37.6462 GBP

1p ordinary

Sale

279

37.6517 GBP

1p ordinary

Sale

282

37.6000 GBP

1p ordinary

Sale

312

37.6376 GBP

1p ordinary

Sale

344

37.6300 GBP

1p ordinary

Sale

370

37.6564 GBP

1p ordinary

Sale

392

37.6037 GBP

1p ordinary

Sale

459

37.6326 GBP

1p ordinary

Sale

501

37.6633 GBP

1p ordinary

Sale

733

37.6756 GBP

1p ordinary

Sale

831

37.6106 GBP

1p ordinary

Sale

840

37.5925 GBP

1p ordinary

Sale

882

37.6090 GBP

1p ordinary

Sale

920

37.6481 GBP

1p ordinary

Sale

1,045

37.6367 GBP

1p ordinary

Sale

2,717

37.5813 GBP

1p ordinary

Sale

3,102

37.6530 GBP

1p ordinary

Sale

3,996

37.6189 GBP

1p ordinary

Sale

4,138

37.6400 GBP

1p ordinary

Sale

4,141

37.6262 GBP

1p ordinary

Sale

7,099

37.6618 GBP

1p ordinary

Sale

7,802

37.6202 GBP

1p ordinary

Sale

8,730

37.6602 GBP

1p ordinary

Sale

9,136

37.6600 GBP

1p ordinary

Sale

58,335

37.6347 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

75

37.5400 GBP

1p ordinary

CFD

Long

100

37.6800 GBP

1p ordinary

CFD

Long

191

37.6449 GBP

1p ordinary

SWAP

Long

374

37.5970 GBP

1p ordinary

SWAP

Long

1,586

37.6455 GBP

1p ordinary

SWAP

Long

2,800

37.6600 GBP

1p ordinary

SWAP

Long

4,141

37.6262 GBP

1p ordinary

CFD

Long

6,911

37.6600 GBP

1p ordinary

SWAP

Long

7,902

37.6012 GBP

1p ordinary

SWAP

Long

30,784

37.6418 GBP

1p ordinary

SWAP

Long

30,955

37.6308 GBP

1p ordinary

SWAP

Short

6

37.6800 GBP

1p ordinary

SWAP

Short

7

37.7000 GBP

1p ordinary

SWAP

Short

97

37.6263 GBP

1p ordinary

SWAP

Short

123

37.6410 GBP

1p ordinary

SWAP

Short

141

37.6228 GBP

1p ordinary

CFD

Short

345

37.6262 GBP

1p ordinary

CFD

Short

361

37.6597 GBP

1p ordinary

SWAP

Short

386

37.6602 GBP

1p ordinary

CFD

Short

621

37.6650 GBP

1p ordinary

SWAP

Short

787

37.6372 GBP

1p ordinary

CFD

Short

1,063

37.6600 GBP

1p ordinary

SWAP

Short

1,260

37.6489 GBP

1p ordinary

SWAP

Short

2,834

37.6600 GBP

1p ordinary

SWAP

Short

4,386

37.6551 GBP

1p ordinary

SWAP

Short

4,505

37.6176 GBP

1p ordinary

CFD

Short

4,860

37.6554 GBP

1p ordinary

SWAP

Short

6,558

37.6554 GBP

1p ordinary

SWAP

Short

10,674

37.4959 GBP

1p ordinary

SWAP

Short

12,758

37.5187 GBP

1p ordinary

SWAP

Short

20,399

37.6323 GBP

1p ordinary

SWAP

Short

42,205

37.6437 GBP

1p ordinary

SWAP

Short

50,000

37.7188 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:

21 Apr 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213