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 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:

7,532,693

6.61%

976,715

0.86%

(2)

Cash-settled derivatives:

and/or controlled:

954,018

0.84%

7,457,029

6.55%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

8,486,711

7.45%

8,433,744

7.40%

(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

47,000

38.3591 GBP

1p ordinary

Purchase

17,814

38.3617 GBP

1p ordinary

Purchase

7,953

38.3846 GBP

1p ordinary

Purchase

7,260

38.3380 GBP

1p ordinary

Purchase

5,238

38.3400 GBP

1p ordinary

Purchase

2,799

38.3867 GBP

1p ordinary

Purchase

480

38.3800 GBP

1p ordinary

Purchase

307

38.3600 GBP

1p ordinary

Purchase

282

38.3675 GBP

1p ordinary

Purchase

24

38.3813 GBP

1p ordinary

Purchase

8

38.3700 GBP

1p ordinary

Sale

61,219

38.3400 GBP

1p ordinary

Sale

7,989

38.3593 GBP

1p ordinary

Sale

3,040

38.3574 GBP

1p ordinary

Sale

2,055

38.3600 GBP

1p ordinary

Sale

721

38.3536 GBP

1p ordinary

Sale

156

38.3415 GBP

1p ordinary

Sale

6

38.3633 GBP

1p ordinary

Sale

3

38.3611 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

14

38.3507 GBP

1p ordinary

SWAP

Decreasing Long

1,382

38.3400 GBP

1p ordinary

SWAP

Decreasing Short

156

38.3415 GBP

1p ordinary

SWAP

Decreasing Short

207

38.3600 GBP

1p ordinary

CFD

Decreasing Short

721

38.3536 GBP

1p ordinary

SWAP

Decreasing Short

1,804

38.3423 GBP

1p ordinary

CFD

Decreasing Short

5,035

38.3609 GBP

1p ordinary

SWAP

Decreasing Short

50,697

38.3400 GBP

1p ordinary

SWAP

Increasing Long

13

38.3538 GBP

1p ordinary

SWAP

Increasing Long

6,029

38.3579 GBP

1p ordinary

SWAP

Increasing Short

3

38.3705 GBP

1p ordinary

SWAP

Increasing Short

23

38.3478 GBP

1p ordinary

SWAP

Increasing Short

24

38.3813 GBP

1p ordinary

SWAP

Increasing Short

222

38.3400 GBP

1p ordinary

SWAP

Increasing Short

363

38.3800 GBP

1p ordinary

SWAP

Increasing Short

2,813

38.3410 GBP

1p ordinary

SWAP

Increasing Short

4,554

38.3604 GBP

1p ordinary

SWAP

Increasing Short

7,953

38.3846 GBP

1p ordinary

SWAP

Increasing Short

12,146

38.3753 GBP

1p ordinary

SWAP

Increasing Short

47,000

38.3591 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:

13 Dec 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213