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:

21 Dec 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:

7,984,072

7.01%

2,567,694

2.25%

(2)

Cash-settled derivatives:

and/or controlled:

854,911

0.75%

7,914,081

6.95%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

8,838,983

7.76%

10,481,775

9.20%

(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

19,215

38.4172 GBP

1p ordinary

Purchase

16,800

38.4200 GBP

1p ordinary

Purchase

9,654

38.4146 GBP

1p ordinary

Purchase

5,427

38.4180 GBP

1p ordinary

Purchase

1,135

38.4197 GBP

1p ordinary

Purchase

787

38.3875 GBP

1p ordinary

Purchase

480

38.4400 GBP

1p ordinary

Purchase

453

38.4000 GBP

1p ordinary

Purchase

431

38.4011 GBP

1p ordinary

Purchase

349

38.4100 GBP

1p ordinary

Purchase

293

38.3754 GBP

1p ordinary

Purchase

2

38.4150 GBP

1p ordinary

Sale

32,950

38.4000 GBP

1p ordinary

Sale

20,955

38.4200 GBP

1p ordinary

Sale

7,036

38.3795 GBP

1p ordinary

Sale

5,768

38.3924 GBP

1p ordinary

Sale

4,084

38.4169 GBP

1p ordinary

Sale

414

38.4351 GBP

1p ordinary

Sale

195

38.4192 GBP

1p ordinary

Sale

160

38.4054 GBP

1p ordinary

Sale

71

38.4285 GBP

1p ordinary

Sale

65

38.3982 GBP

1p ordinary

Sale

20

38.4400 GBP

1p ordinary

Sale

12

38.4161 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

Decreasing Long

24

38.4133 GBP

1p ordinary

SWAP

Decreasing Long

1,160

38.4200 GBP

1p ordinary

SWAP

Decreasing Long

8,177

38.4208 GBP

1p ordinary

SWAP

Decreasing Short

13

38.4161 GBP

1p ordinary

CFD

Decreasing Short

65

38.3983 GBP

1p ordinary

SWAP

Decreasing Short

414

38.4351 GBP

1p ordinary

CFD

Decreasing Short

5,612

38.3974 GBP

1p ordinary

SWAP

Decreasing Short

8,131

38.3751 GBP

1p ordinary

SWAP

Decreasing Short

31,816

38.4000 GBP

1p ordinary

SWAP

Increasing Long

56

38.4000 GBP

1p ordinary

SWAP

Increasing Short

2

38.4138 GBP

1p ordinary

SWAP

Increasing Short

20

38.4150 GBP

1p ordinary

CFD

Increasing Short

382

38.4200 GBP

1p ordinary

SWAP

Increasing Short

610

38.3715 GBP

1p ordinary

SWAP

Increasing Short

1,738

38.4200 GBP

1p ordinary

SWAP

Increasing Short

2,988

38.4099 GBP

1p ordinary

SWAP

Increasing Short

5,576

38.4141 GBP

1p ordinary

SWAP

Increasing Short

9,654

38.4146 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:

22 Dec 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213