Holding(s) in Company

Dechra Pharmaceuticals PLC
22 September 2004



                   DECHRA PHARMACEUTICALS PLC (the 'Company')


                             Holding(s) in Company



On 21 September 2004 the Company was informed by Threadneedle Investments, on
behalf of Zurich Financial Services and its Group, of a notifiable interest in
the issued ordinary share capital of the Company as follows:

Registered Owner                                                     Ordinary 1p
                                                                        Shares

Littledown Nominees Ltd A/c 05577                                      130,000
Littledown Nominees Ltd A/c 05576                                    2,090,000
Littledown Nominees Ltd A/c 34789                                      204,549

                                                    TOTAL            2,424,549


This total interest represents 4.75 per cent. of the issued ordinary share
capital of the Company.



22 September 2004






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