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:

31 Oct 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:

7,468,264

6.56%

2,771,198

2.43%

(2)

Cash-settled derivatives:

and/or controlled:

1,275,007

1.12%

7,371,766

6.47%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

8,743,271

7.68%

10,142,964

8.91%

(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

44,282

38.0529 GBP

1p ordinary

Purchase

21,382

38.0800 GBP

1p ordinary

Purchase

3,045

38.0433 GBP

1p ordinary

Purchase

3,005

38.0012 GBP

1p ordinary

Purchase

1,036

38.0400 GBP

1p ordinary

Purchase

601

38.0600 GBP

1p ordinary

Purchase

252

38.0497 GBP

1p ordinary

Purchase

242

38.0200 GBP

1p ordinary

Purchase

183

37.9900 GBP

1p ordinary

Purchase

159

37.9462 GBP

1p ordinary

Purchase

157

38.1600 GBP

1p ordinary

Purchase

70

37.9800 GBP

1p ordinary

Sale

19,466

38.0227 GBP

1p ordinary

Sale

19,440

38.0800 GBP

1p ordinary

Sale

8,812

38.0579 GBP

1p ordinary

Sale

7,933

38.0000 GBP

1p ordinary

Sale

6,573

38.0378 GBP

1p ordinary

Sale

4,971

38.0105 GBP

1p ordinary

Sale

4,154

38.0365 GBP

1p ordinary

Sale

3,045

38.0433 GBP

1p ordinary

Sale

2,822

38.0362 GBP

1p ordinary

Sale

1,788

38.0632 GBP

1p ordinary

Sale

1,653

38.0092 GBP

1p ordinary

Sale

1,188

38.0400 GBP

1p ordinary

Sale

1,161

38.1000 GBP

1p ordinary

Sale

350

38.0100 GBP

1p ordinary

Sale

193

38.0215 GBP

1p ordinary

Sale

84

38.0600 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

19

38.0373 GBP

1p ordinary

SWAP

Long

193

38.0215 GBP

1p ordinary

SWAP

Long

232

38.0508 GBP

1p ordinary

SWAP

Long

1,769

38.0635 GBP

1p ordinary

CFD

Long

3,045

38.0433 GBP

1p ordinary

SWAP

Long

5,725

38.0657 GBP

1p ordinary

SWAP

Long

6,038

38.0000 GBP

1p ordinary

SWAP

Long

9,125

38.0130 GBP

1p ordinary

CFD

Long

9,555

38.0800 GBP

1p ordinary

SWAP

Long

10,232

38.0969 GBP

1p ordinary

SWAP

Long

25,000

37.9969 GBP

1p ordinary

CFD

Short

159

37.9462 GBP

1p ordinary

SWAP

Short

177

38.0819 GBP

1p ordinary

SWAP

Short

629

38.0800 GBP

1p ordinary

CFD

Short

1,205

38.0451 GBP

1p ordinary

CFD

Short

1,956

38.0431 GBP

1p ordinary

SWAP

Short

3,431

38.0825 GBP

1p ordinary

CFD

Short

8,248

38.0800 GBP

1p ordinary

SWAP

Short

10,159

38.0378 GBP

1p ordinary

SWAP

Short

30,763

38.0513 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:

01 Nov 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213