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:

13 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:

697,896

0.61%

1,222,372

1.07%

(2)

Cash-settled derivatives:

and/or controlled:

1,146,501

1.01%

607,597

0.53%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

1,844,397

1.62%

1,829,969

1.61%

(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

2,560

36.2622 GBP

1p ordinary

Sale

349

36.2500 GBP

1p ordinary

Purchase

15,382

36.2407 GBP

1p ordinary

Sale

164

36.2700 GBP

1p ordinary

Sale

291

36.2593 GBP

1p ordinary

Sale

243

36.2555 GBP

1p ordinary

Sale

1,276

36.2421 GBP

1p ordinary

Sale

208

36.1600 GBP

1p ordinary

Sale

457

36.2339 GBP

1p ordinary

Sale

9,483

36.3000 GBP

1p ordinary

Sale

232

36.2389 GBP

1p ordinary

Sale

13,557

36.2059 GBP

1p ordinary

Purchase

248

36.2437 GBP

1p ordinary

Sale

512

36.2578 GBP

1p ordinary

Sale

587

36.2600 GBP

1p ordinary

Sale

9,713

36.2937 GBP

1p ordinary

Sale

1,093

36.2376 GBP

1p ordinary

Purchase

6,580

36.2981 GBP

1p ordinary

Sale

338

36.2303 GBP

1p ordinary

Purchase

1,568

36.2594 GBP

1p ordinary

Sale

845

36.2406 GBP

1p ordinary

Sale

67

36.2652 GBP

1p ordinary

Sale

2,754

36.2402 GBP

1p ordinary

Sale

60,769

36.2513 GBP

1p ordinary

Purchase

4,994

36.2366 GBP

1p ordinary

Purchase

27,025

36.3000 GBP

1p ordinary

Sale

213

36.2016 GBP

1p ordinary

Purchase

208

36.1600 GBP

1p ordinary

Sale

312

36.1800 GBP

1p ordinary

Purchase

226

36.2638 GBP

1p ordinary

Purchase

235

36.2072 GBP

1p ordinary

Sale

99

36.2414 GBP

1p ordinary

Sale

281

36.2800 GBP

1p ordinary

Sale

565

36.2750 GBP

1p ordinary

Sale

126

36.2542 GBP

1p ordinary

Purchase

234

36.1800 GBP

1p ordinary

Sale

86,604

36.2418 GBP

1p ordinary

Sale

828

36.2583 GBP

1p ordinary

Purchase

2,538

36.2378 GBP

1p ordinary

Sale

352

36.1692 GBP

1p ordinary

Sale

224

36.2000 GBP

1p ordinary

Sale

64,819

36.2813 GBP

1p ordinary

Sale

151

36.2668 GBP

1p ordinary

Purchase

1,441

36.2600 GBP

1p ordinary

Purchase

2,940

36.2800 GBP

1p ordinary

Purchase

173

36.2666 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

1

36.2600 GBP

1p ordinary

SWAP

Long

2

36.3000 GBP

1p ordinary

CFD

Long

395

36.2567 GBP

1p ordinary

CFD

Long

943

36.2151 GBP

1p ordinary

SWAP

Long

996

36.2696 GBP

1p ordinary

SWAP

Long

5,381

36.2363 GBP

1p ordinary

SWAP

Long

7,599

36.2451 GBP

1p ordinary

CFD

Long

8,231

36.3000 GBP

1p ordinary

SWAP

Long

31,603

36.2671 GBP

1p ordinary

SWAP

Long

32,270

36.2652 GBP

1p ordinary

SWAP

Long

60,769

36.2512 GBP

1p ordinary

SWAP

Long

86,604

36.2418 GBP

1p ordinary

SWAP

Short

59

36.2271 GBP

1p ordinary

SWAP

Short

101

36.2321 GBP

1p ordinary

SWAP

Short

123

36.2206 GBP

1p ordinary

SWAP

Short

184

36.2289 GBP

1p ordinary

CFD

Short

235

36.2072 GBP

1p ordinary

SWAP

Short

927

36.2296 GBP

1p ordinary

SWAP

Short

1,000

36.2594 GBP

1p ordinary

SWAP

Short

2,279

36.2293 GBP

1p ordinary

CFD

Short

4,994

36.2366 GBP

1p ordinary

SWAP

Short

16,137

36.2489 GBP

1p ordinary

CFD

Short

18,240

36.3000 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:

14 Jun 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213