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:

08 Aug 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:

3,296,793

2.89%

1,659,035

1.46%

(2)

Cash-settled derivatives:

and/or controlled:

1,643,661

1.44%

3,224,213

2.83%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

4,940,454

4.34%

4,883,248

4.29%

(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

59

37.6600 GBP

1p ordinary

Purchase

32,308

37.6848 GBP

1p ordinary

Purchase

27,135

37.6400 GBP

1p ordinary

Sale

1,270

37.6200 GBP

1p ordinary

Sale

73

37.6413 GBP

1p ordinary

Sale

32

37.6775 GBP

1p ordinary

Purchase

355

37.6689 GBP

1p ordinary

Sale

6,577

37.6385 GBP

1p ordinary

Sale

11,000

37.6220 GBP

1p ordinary

Purchase

2,912

37.6784 GBP

1p ordinary

Sale

29,615

37.6564 GBP

1p ordinary

Sale

58,000

37.6830 GBP

1p ordinary

Sale

148

37.7000 GBP

1p ordinary

Purchase

2,871

37.6836 GBP

1p ordinary

Sale

3,257

37.6436 GBP

1p ordinary

Purchase

459

37.6841 GBP

1p ordinary

Purchase

397

37.6639 GBP

1p ordinary

Sale

493

37.6411 GBP

1p ordinary

Sale

4,109

37.6247 GBP

1p ordinary

Purchase

17,077

37.6797 GBP

1p ordinary

Purchase

435

37.6900 GBP

1p ordinary

Sale

133

37.6484 GBP

1p ordinary

Purchase

4,000

37.6776 GBP

1p ordinary

Sale

467

37.6300 GBP

1p ordinary

Purchase

2,650

37.6779 GBP

1p ordinary

Sale

319

37.6717 GBP

1p ordinary

Sale

50,612

37.6400 GBP

1p ordinary

Purchase

38,854

37.6491 GBP

1p ordinary

Purchase

3,103

37.6800 GBP

1p ordinary

Purchase

1,846

37.6429 GBP

1p ordinary

Sale

206

37.6520 GBP

1p ordinary

Purchase

2,390

37.6727 GBP

1p ordinary

Purchase

434

37.7000 GBP

1p ordinary

Sale

10,000

37.6736 GBP

1p ordinary

Purchase

7,243

37.6759 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

14

37.6557 GBP

1p ordinary

SWAP

Long

119

37.6400 GBP

1p ordinary

SWAP

Long

133

37.6484 GBP

1p ordinary

SWAP

Long

10,000

37.6736 GBP

1p ordinary

SWAP

Long

11,000

37.6220 GBP

1p ordinary

SWAP

Long

15,230

37.6411 GBP

1p ordinary

SWAP

Long

25,025

37.6559 GBP

1p ordinary

CFD

Long

28,622

37.6400 GBP

1p ordinary

SWAP

Short

133

37.6400 GBP

1p ordinary

SWAP

Short

286

37.7000 GBP

1p ordinary

SWAP

Short

659

37.6630 GBP

1p ordinary

SWAP

Short

1,085

37.6428 GBP

1p ordinary

SWAP

Short

1,492

37.6502 GBP

1p ordinary

CFD

Short

1,591

37.6534 GBP

1p ordinary

SWAP

Short

3,000

37.7023 GBP

1p ordinary

SWAP

Short

4,000

37.6776 GBP

1p ordinary

SWAP

Short

4,611

37.6768 GBP

1p ordinary

SWAP

Short

17,879

37.6673 GBP

1p ordinary

CFD

Short

21,637

37.6400 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:

09 Aug 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213