DPH.L Regulatory News (DPH)

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:

12 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:

6,702,714

5.88%

552,736

0.49%

(2)

Cash-settled derivatives:

and/or controlled:

549,639

0.48%

6,630,646

5.82%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

7,252,353

6.37%

7,183,382

6.31%

(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

265,492

38.6439 GBP

1p ordinary

Purchase

60,173

38.6400 GBP

1p ordinary

Purchase

43,037

38.6434 GBP

1p ordinary

Purchase

31,128

38.6593 GBP

1p ordinary

Purchase

7,484

38.6500 GBP

1p ordinary

Purchase

6,736

38.6429 GBP

1p ordinary

Purchase

6,196

38.6534 GBP

1p ordinary

Purchase

4,974

38.6592 GBP

1p ordinary

Purchase

3,254

38.6600 GBP

1p ordinary

Purchase

91

38.6418 GBP

1p ordinary

Sale

379,534

38.6406 GBP

1p ordinary

Sale

91,558

38.6484 GBP

1p ordinary

Sale

63,223

38.6400 GBP

1p ordinary

Sale

13,277

38.6443 GBP

1p ordinary

Sale

4,736

38.6419 GBP

1p ordinary

Sale

4,128

38.6500 GBP

1p ordinary

Sale

1,293

38.6200 GBP

1p ordinary

Sale

977

38.6600 GBP

1p ordinary

Sale

7

38.6357 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 Long

1,668

38.6472 GBP

1p ordinary

SWAP

Decreasing Short

7

38.6361 GBP

1p ordinary

SWAP

Decreasing Short

529

38.6561 GBP

1p ordinary

SWAP

Decreasing Short

1,042

38.6442 GBP

1p ordinary

SWAP

Decreasing Short

2,179

38.6400 GBP

1p ordinary

SWAP

Decreasing Short

8,731

38.6370 GBP

1p ordinary

SWAP

Decreasing Short

379,534

38.6406 GBP

1p ordinary

SWAP

Increasing Short

91

38.6418 GBP

1p ordinary

SWAP

Increasing Short

2,468

38.6496 GBP

1p ordinary

SWAP

Increasing Short

3,910

38.6507 GBP

1p ordinary

CFD

Increasing Short

5,575

38.6593 GBP

1p ordinary

SWAP

Increasing Short

8,544

38.6510 GBP

1p ordinary

SWAP

Increasing Short

13,147

38.6400 GBP

1p ordinary

SWAP

Increasing Short

25,553

38.6593 GBP

1p ordinary

SWAP

Increasing Short

263,024

38.6438 GBP

1p ordinary

SWAP

Opening Short

15,488

38.6400 GBP

1p ordinary

SWAP

Opening Short

16,144

38.6545 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:

15 Jan 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213