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:

13 Nov 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:

7,468,068

6.56%

1,844,483

1.62%

(2)

Cash-settled derivatives:

and/or controlled:

1,179,952

1.04%

7,397,096

6.49%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

8,648,020

7.59%

9,241,579

8.11%

(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

21,428

37.8025 GBP

1p ordinary

Purchase

21,279

37.8023 GBP

1p ordinary

Purchase

13,693

37.8619 GBP

1p ordinary

Purchase

1,510

37.8583 GBP

1p ordinary

Purchase

1,429

37.8543 GBP

1p ordinary

Purchase

907

37.8448 GBP

1p ordinary

Purchase

756

37.8558 GBP

1p ordinary

Purchase

753

37.8573 GBP

1p ordinary

Purchase

524

37.8400 GBP

1p ordinary

Purchase

388

37.8600 GBP

1p ordinary

Purchase

383

37.8598 GBP

1p ordinary

Purchase

346

37.7800 GBP

1p ordinary

Purchase

200

37.8800 GBP

1p ordinary

Purchase

107

37.8500 GBP

1p ordinary

Purchase

51

37.9000 GBP

1p ordinary

Sale

6,102

37.8620 GBP

1p ordinary

Sale

3,310

37.8176 GBP

1p ordinary

Sale

2,560

37.8478 GBP

1p ordinary

Sale

1,252

37.8400 GBP

1p ordinary

Sale

416

37.7800 GBP

1p ordinary

Sale

107

37.8500 GBP

1p ordinary

Sale

68

37.8600 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

2,560

37.8478 GBP

1p ordinary

SWAP

Long

4,306

37.8227 GBP

1p ordinary

CFD

Short

18

37.8133 GBP

1p ordinary

SWAP

Short

107

37.8500 GBP

1p ordinary

SWAP

Short

169

37.8800 GBP

1p ordinary

SWAP

Short

323

37.8129 GBP

1p ordinary

SWAP

Short

383

37.8598 GBP

1p ordinary

SWAP

Short

2,575

37.8348 GBP

1p ordinary

SWAP

Short

2,871

37.7800 GBP

1p ordinary

SWAP

Short

3,601

37.8609 GBP

1p ordinary

SWAP

Short

4,000

37.7837 GBP

1p ordinary

SWAP

Short

5,009

37.8029 GBP

1p ordinary

SWAP

Short

9,940

37.7830 GBP

1p ordinary

SWAP

Short

13,693

37.8619 GBP

1p ordinary

SWAP

Short

13,739

37.8066 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 Nov 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213