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:

07 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:

7,492,876

6.58%

2,729,729

2.40%

(2)

Cash-settled derivatives:

and/or controlled:

1,232,218

1.08%

7,389,646

6.49%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

8,725,094

7.66%

10,119,375

8.89%

(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

3,537,787

37.8600 GBP

1p ordinary

Purchase

37,530

37.8395 GBP

1p ordinary

Purchase

14,636

37.8857 GBP

1p ordinary

Purchase

13,662

37.7800 GBP

1p ordinary

Purchase

2,294

37.8332 GBP

1p ordinary

Purchase

1,251

37.9000 GBP

1p ordinary

Purchase

911

37.9009 GBP

1p ordinary

Purchase

538

37.9037 GBP

1p ordinary

Purchase

455

37.9177 GBP

1p ordinary

Purchase

104

37.8200 GBP

1p ordinary

Purchase

85

37.8400 GBP

1p ordinary

Sale

22,126

37.8339 GBP

1p ordinary

Sale

13,279

37.7951 GBP

1p ordinary

Sale

9,243

37.7800 GBP

1p ordinary

Sale

3,440

37.8093 GBP

1p ordinary

Sale

2,450

37.8558 GBP

1p ordinary

Sale

1,083

37.8800 GBP

1p ordinary

Sale

1,059

37.9000 GBP

1p ordinary

Sale

870

37.8610 GBP

1p ordinary

Sale

404

37.8867 GBP

1p ordinary

Sale

304

37.8909 GBP

1p ordinary

Sale

161

37.8791 GBP

1p ordinary

Sale

143

37.8176 GBP

1p ordinary

Sale

101

37.8600 GBP

1p ordinary

Sale

71

37.8994 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

7

37.8471 GBP

1p ordinary

SWAP

Long

143

37.8175 GBP

1p ordinary

SWAP

Long

870

37.8610 GBP

1p ordinary

CFD

Long

1,260

37.8355 GBP

1p ordinary

SWAP

Long

2,450

37.8558 GBP

1p ordinary

SWAP

Long

3,540

37.8108 GBP

1p ordinary

CFD

Long

4,951

37.7800 GBP

1p ordinary

SWAP

Long

6,153

37.8664 GBP

1p ordinary

SWAP

Long

7,273

37.7771 GBP

1p ordinary

SWAP

Long

8,140

37.8789 GBP

1p ordinary

SWAP

Long

8,700

37.8584 GBP

1p ordinary

SWAP

Short

96

37.8600 GBP

1p ordinary

SWAP

Short

340

37.7950 GBP

1p ordinary

SWAP

Short

417

37.7899 GBP

1p ordinary

CFD

Short

586

37.9051 GBP

1p ordinary

SWAP

Short

1,177

37.8949 GBP

1p ordinary

SWAP

Short

1,251

37.9000 GBP

1p ordinary

CFD

Short

2,294

37.8332 GBP

1p ordinary

SWAP

Short

3,188

37.8557 GBP

1p ordinary

SWAP

Short

14,636

37.8857 GBP

1p ordinary

SWAP

Short

15,464

37.8345 GBP

1p ordinary

SWAP

Short

19,019

37.8425 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:

08 Nov 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213