Holding in Company

Dechra Pharmaceuticals PLC
15 October 2001



15th October, 2001

FOR IMMEDIATE RELEASE



                  Dechra Pharmaceuticals plc (the 'Company')

                              Holding in Company



The Company received notification on 15 October 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 3,171,084 ordinary 1p shares in the Company,
which represents 6.37 per cent. of the Company's issued ordinary shares
capital.