Holding in Company

Dechra Pharmaceuticals PLC
25 May 2001


FOR IMMEDIATE RELEASE     25th May, 2001

                  DECHRA PHARMACEUTICALS PLC (THE 'COMPANY')

                            Holding in the Company

The Company received notification on 25 May 2001, in accordance with the
provisions of sections 198-202 Companies Act 1985 (as amended by the Companies
Act 1989), that Morley Fund Management Limited (a subsidiary of CGNU plc) and
its Group have an interest in 3,531,056 ordinary 1p shares in the Company,
which represents 7.09 per cent. of the Company's issued ordinary share
capital.