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:

21 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:

849,137

0.75%

1,215,027

1.07%

(2)

Cash-settled derivatives:

and/or controlled:

1,156,178

1.02%

751,168

0.66%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

2,005,315

1.76%

1,966,195

1.73%

(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

4,535

36.2109 GBP

1p ordinary

Purchase

118

36.2200 GBP

1p ordinary

Sale

1,694

36.1600 GBP

1p ordinary

Purchase

525

36.1838 GBP

1p ordinary

Sale

7,014

36.2017 GBP

1p ordinary

Purchase

1,487

36.2306 GBP

1p ordinary

Sale

70

36.2100 GBP

1p ordinary

Purchase

1,996

36.2063 GBP

1p ordinary

Purchase

2,580

36.2054 GBP

1p ordinary

Purchase

2,366

36.2150 GBP

1p ordinary

Sale

822

36.1829 GBP

1p ordinary

Purchase

2,751

36.2000 GBP

1p ordinary

Purchase

304

36.2400 GBP

1p ordinary

Sale

808

36.2016 GBP

1p ordinary

Purchase

2,288

36.1958 GBP

1p ordinary

Purchase

837

36.1894 GBP

1p ordinary

Purchase

1,169

36.1983 GBP

1p ordinary

Purchase

4,298

36.2186 GBP

1p ordinary

Purchase

3,000

36.2121 GBP

1p ordinary

Sale

432

36.2108 GBP

1p ordinary

Sale

212

36.2200 GBP

1p ordinary

Sale

26,522

36.1952 GBP

1p ordinary

Purchase

1,694

36.1600 GBP

1p ordinary

Sale

51,094

36.2042 GBP

1p ordinary

Purchase

215

36.2149 GBP

1p ordinary

Sale

17

36.1800 GBP

1p ordinary

Sale

619

36.2019 GBP

1p ordinary

Purchase

2,532

36.2061 GBP

1p ordinary

Sale

134

36.1998 GBP

1p ordinary

Sale

304

36.2400 GBP

1p ordinary

Sale

421

36.1900 GBP

1p ordinary

Sale

308

36.2009 GBP

1p ordinary

Purchase

703

36.1965 GBP

1p ordinary

Sale

15,987

36.2000 GBP

1p ordinary

Purchase

39,352

36.2001 GBP

1p ordinary

Purchase

867

36.2029 GBP

1p ordinary

Sale

420

36.2065 GBP

1p ordinary

Sale

5,892

36.2036 GBP

1p ordinary

Purchase

2,374

36.2049 GBP

1p ordinary

Sale

27

36.1914 GBP

1p ordinary

Purchase

1,545

36.2058 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

2

36.2000 GBP

1p ordinary

CFD

Long

1,694

36.1600 GBP

1p ordinary

SWAP

Long

4,550

36.2000 GBP

1p ordinary

SWAP

Long

5,657

36.1996 GBP

1p ordinary

SWAP

Long

10,471

36.2066 GBP

1p ordinary

SWAP

Long

10,857

36.1898 GBP

1p ordinary

SWAP

Long

11,022

36.1993 GBP

1p ordinary

SWAP

Short

20

36.1998 GBP

1p ordinary

SWAP

Short

45

36.2102 GBP

1p ordinary

SWAP

Short

78

36.2104 GBP

1p ordinary

SWAP

Short

554

36.2061 GBP

1p ordinary

CFD

Short

961

36.2000 GBP

1p ordinary

SWAP

Short

1,301

36.2057 GBP

1p ordinary

SWAP

Short

2,236

36.2000 GBP

1p ordinary

CFD

Short

2,366

36.2150 GBP

1p ordinary

SWAP

Short

3,000

36.2121 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:

22 Jun 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213