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:

19 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:

639,653

0.56%

1,442,118

1.27%

(2)

Cash-settled derivatives:

and/or controlled:

1,385,357

1.22%

595,872

0.52%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

2,025,010

1.78%

2,037,990

1.79%

(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

37

37.5900 GBP

1p ordinary

Purchase

70

37.5688 GBP

1p ordinary

Purchase

74

37.4800 GBP

1p ordinary

Purchase

80

37.4400 GBP

1p ordinary

Purchase

158

37.6200 GBP

1p ordinary

Purchase

255

37.5261 GBP

1p ordinary

Purchase

268

37.5762 GBP

1p ordinary

Purchase

316

37.5140 GBP

1p ordinary

Purchase

348

37.4600 GBP

1p ordinary

Purchase

352

37.5837 GBP

1p ordinary

Purchase

372

37.5590 GBP

1p ordinary

Purchase

464

37.5800 GBP

1p ordinary

Purchase

500

37.5300 GBP

1p ordinary

Purchase

572

37.5000 GBP

1p ordinary

Purchase

677

37.6019 GBP

1p ordinary

Purchase

683

37.5798 GBP

1p ordinary

Purchase

690

37.5977 GBP

1p ordinary

Purchase

732

37.5526 GBP

1p ordinary

Purchase

759

37.6000 GBP

1p ordinary

Purchase

897

37.5652 GBP

1p ordinary

Purchase

1,194

37.6068 GBP

1p ordinary

Purchase

2,000

37.4643 GBP

1p ordinary

Purchase

2,229

37.5600 GBP

1p ordinary

Purchase

2,515

37.5812 GBP

1p ordinary

Purchase

5,647

37.5764 GBP

1p ordinary

Purchase

5,658

37.5314 GBP

1p ordinary

Purchase

6,589

37.5242 GBP

1p ordinary

Purchase

6,983

37.5107 GBP

1p ordinary

Purchase

7,851

37.5207 GBP

1p ordinary

Purchase

10,514

37.5578 GBP

1p ordinary

Purchase

17,242

37.5051 GBP

1p ordinary

Purchase

21,021

37.5701 GBP

1p ordinary

Purchase

31,676

37.5889 GBP

1p ordinary

Purchase

35,701

37.5200 GBP

1p ordinary

Purchase

53,504

37.5754 GBP

1p ordinary

Sale

1

37.5237 GBP

1p ordinary

Sale

20

37.5750 GBP

1p ordinary

Sale

54

37.6400 GBP

1p ordinary

Sale

67

37.4100 GBP

1p ordinary

Sale

74

37.4800 GBP

1p ordinary

Sale

80

37.4400 GBP

1p ordinary

Sale

226

37.4976 GBP

1p ordinary

Sale

250

37.5528 GBP

1p ordinary

Sale

268

37.5800 GBP

1p ordinary

Sale

333

37.5589 GBP

1p ordinary

Sale

373

37.5389 GBP

1p ordinary

Sale

400

37.5602 GBP

1p ordinary

Sale

427

37.5631 GBP

1p ordinary

Sale

550

37.5607 GBP

1p ordinary

Sale

609

37.4600 GBP

1p ordinary

Sale

651

37.5600 GBP

1p ordinary

Sale

665

37.5000 GBP

1p ordinary

Sale

671

37.5626 GBP

1p ordinary

Sale

850

37.5830 GBP

1p ordinary

Sale

1,031

37.6000 GBP

1p ordinary

Sale

1,047

37.4848 GBP

1p ordinary

Sale

1,472

37.5826 GBP

1p ordinary

Sale

1,502

37.5672 GBP

1p ordinary

Sale

1,542

37.5419 GBP

1p ordinary

Sale

1,973

37.5930 GBP

1p ordinary

Sale

3,230

37.5779 GBP

1p ordinary

Sale

3,237

37.5867 GBP

1p ordinary

Sale

3,500

37.5515 GBP

1p ordinary

Sale

3,782

37.5751 GBP

1p ordinary

Sale

4,420

37.5954 GBP

1p ordinary

Sale

4,744

37.5522 GBP

1p ordinary

Sale

6,303

37.5500 GBP

1p ordinary

Sale

6,677

37.5300 GBP

1p ordinary

Sale

6,983

37.5107 GBP

1p ordinary

Sale

7,170

37.5840 GBP

1p ordinary

Sale

7,219

37.5605 GBP

1p ordinary

Sale

7,703

37.5218 GBP

1p ordinary

Sale

8,682

37.4991 GBP

1p ordinary

Sale

9,419

37.4954 GBP

1p ordinary

Sale

33,936

37.5200 GBP

1p ordinary

Sale

88,757

37.5119 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

11

37.5672 GBP

1p ordinary

SWAP

Long

225

37.4878 GBP

1p ordinary

CFD

Long

671

37.5626 GBP

1p ordinary

SWAP

Long

702

37.4883 GBP

1p ordinary

SWAP

Long

1,420

37.5421 GBP

1p ordinary

SWAP

Long

1,441

37.4917 GBP

1p ordinary

SWAP

Long

2,000

37.4762 GBP

1p ordinary

SWAP

Long

3,915

37.4933 GBP

1p ordinary

SWAP

Long

6,677

37.5300 GBP

1p ordinary

CFD

Long

6,983

37.5107 GBP

1p ordinary

SWAP

Long

12,832

37.5141 GBP

1p ordinary

SWAP

Long

21,537

37.4774 GBP

1p ordinary

SWAP

Long

33,862

37.5200 GBP

1p ordinary

SWAP

Long

58,778

37.5211 GBP

1p ordinary

SWAP

Short

72

37.5000 GBP

1p ordinary

SWAP

Short

133

37.5880 GBP

1p ordinary

CFD

Short

255

37.5261 GBP

1p ordinary

SWAP

Short

406

37.5834 GBP

1p ordinary

SWAP

Short

677

37.6019 GBP

1p ordinary

SWAP

Short

1,061

37.6091 GBP

1p ordinary

CFD

Short

1,336

37.5200 GBP

1p ordinary

SWAP

Short

1,557

37.5794 GBP

1p ordinary

SWAP

Short

3,451

37.5202 GBP

1p ordinary

SWAP

Short

4,054

37.5792 GBP

1p ordinary

CFD

Short

5,647

37.5764 GBP

1p ordinary

SWAP

Short

5,658

37.5314 GBP

1p ordinary

SWAP

Short

6,232

37.6012 GBP

1p ordinary

SWAP

Short

6,657

37.5758 GBP

1p ordinary

SWAP

Short

17,242

37.5051 GBP

1p ordinary

SWAP

Short

38,766

37.5200 GBP

1p ordinary

SWAP

Short

53,504

37.5754 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:

20 Apr 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213