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:

05 Jan 2024

(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:

7,378,429

6.48%

630,862

0.55%

(2)

Cash-settled derivatives:

and/or controlled:

631,329

0.55%

7,309,054

6.42%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

8,009,758

7.03%

7,939,916

6.97%

(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

6,941

38.5780 GBP

1p ordinary

Purchase

6,719

38.5800 GBP

1p ordinary

Purchase

4,411

38.6000 GBP

1p ordinary

Purchase

2,000

38.5772 GBP

1p ordinary

Purchase

1,857

38.5797 GBP

1p ordinary

Purchase

726

38.5600 GBP

1p ordinary

Purchase

10

38.5648 GBP

1p ordinary

Purchase

3

38.5866 GBP

1p ordinary

Purchase

2

38.5950 GBP

1p ordinary

Sale

10,329

38.5799 GBP

1p ordinary

Sale

9,388

38.5800 GBP

1p ordinary

Sale

5,041

38.5798 GBP

1p ordinary

Sale

3,556

38.5793 GBP

1p ordinary

Sale

2,591

38.5658 GBP

1p ordinary

Sale

109

38.5900 GBP

1p ordinary

Sale

108

38.5811 GBP

1p ordinary

Sale

34

38.5952 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

Closing Short

224

38.6000 GBP

1p ordinary

SWAP

Closing Short

560

38.5795 GBP

1p ordinary

SWAP

Closing Short

5,092

38.5963 GBP

1p ordinary

SWAP

Decreasing Long

388

38.5800 GBP

1p ordinary

SWAP

Decreasing Short

1

38.5800 GBP

1p ordinary

SWAP

Decreasing Short

34

38.5951 GBP

1p ordinary

SWAP

Increasing Long

3,607

38.5793 GBP

1p ordinary

SWAP

Increasing Short

2

38.5938 GBP

1p ordinary

SWAP

Increasing Short

3

38.5871 GBP

1p ordinary

SWAP

Increasing Short

4

38.6050 GBP

1p ordinary

SWAP

Increasing Short

10

38.5648 GBP

1p ordinary

CFD

Increasing Short

685

38.5628 GBP

1p ordinary

SWAP

Opening Long

3,985

38.5800 GBP

1p ordinary

SWAP

Opening Long

7,896

38.5752 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:

08 Jan 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213