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:

01 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:

7,418,030

6.51%

2,751,133

2.42%

(2)

Cash-settled derivatives:

and/or controlled:

1,260,901

1.11%

7,325,892

6.43%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

8,678,931

7.62%

10,077,025

8.85%

(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

13,871

37.9176 GBP

1p ordinary

Purchase

6,957

38.0000 GBP

1p ordinary

Purchase

5,059

37.8976 GBP

1p ordinary

Purchase

3,343

37.9014 GBP

1p ordinary

Purchase

2,960

37.9892 GBP

1p ordinary

Purchase

1,379

37.9565 GBP

1p ordinary

Purchase

1,274

37.8479 GBP

1p ordinary

Purchase

899

37.8907 GBP

1p ordinary

Purchase

694

37.8964 GBP

1p ordinary

Purchase

580

37.8519 GBP

1p ordinary

Purchase

480

37.9062 GBP

1p ordinary

Purchase

454

37.8663 GBP

1p ordinary

Purchase

357

37.9400 GBP

1p ordinary

Purchase

357

37.8600 GBP

1p ordinary

Purchase

304

37.8400 GBP

1p ordinary

Purchase

288

37.9100 GBP

1p ordinary

Purchase

275

37.8762 GBP

1p ordinary

Purchase

275

37.8800 GBP

1p ordinary

Purchase

274

37.9070 GBP

1p ordinary

Purchase

264

37.8844 GBP

1p ordinary

Purchase

260

37.9264 GBP

1p ordinary

Purchase

161

37.9300 GBP

1p ordinary

Purchase

16

38.0600 GBP

1p ordinary

Sale

55,740

37.8510 GBP

1p ordinary

Sale

8,225

37.9304 GBP

1p ordinary

Sale

1,578

37.8464 GBP

1p ordinary

Sale

1,119

37.8508 GBP

1p ordinary

Sale

1,041

37.8400 GBP

1p ordinary

Sale

828

38.0000 GBP

1p ordinary

Sale

604

37.8500 GBP

1p ordinary

Sale

527

37.8600 GBP

1p ordinary

Sale

345

37.9400 GBP

1p ordinary

Sale

327

37.8294 GBP

1p ordinary

Sale

275

37.8800 GBP

1p ordinary

Sale

261

37.8722 GBP

1p ordinary

Sale

12

37.9958 GBP

1p ordinary

Sale

10

37.8160 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

10

37.8162 GBP

1p ordinary

SWAP

Long

12

37.9962 GBP

1p ordinary

SWAP

Long

16

37.9402 GBP

1p ordinary

SWAP

Long

256

38.0000 GBP

1p ordinary

SWAP

Long

411

37.8086 GBP

1p ordinary

CFD

Long

1,578

37.8464 GBP

1p ordinary

SWAP

Long

4,400

37.8410 GBP

1p ordinary

SWAP

Long

8,011

37.9384 GBP

1p ordinary

SWAP

Long

55,740

37.8510 GBP

1p ordinary

SWAP

Short

79

37.8968 GBP

1p ordinary

SWAP

Short

213

37.8600 GBP

1p ordinary

SWAP

Short

250

37.9486 GBP

1p ordinary

SWAP

Short

274

37.9070 GBP

1p ordinary

CFD

Short

480

37.9062 GBP

1p ordinary

CFD

Short

899

37.8907 GBP

1p ordinary

SWAP

Short

1,622

37.9754 GBP

1p ordinary

CFD

Short

1,927

37.9120 GBP

1p ordinary

SWAP

Short

2,000

37.9677 GBP

1p ordinary

SWAP

Short

2,745

37.9036 GBP

1p ordinary

SWAP

Short

3,343

37.9014 GBP

1p ordinary

SWAP

Short

5,974

37.9210 GBP

1p ordinary

CFD

Short

6,845

38.0000 GBP

1p ordinary

SWAP

Short

9,009

37.9089 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:

02 Nov 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213