Holding(s) in Company

Dechra Pharmaceuticals PLC
17 January 2005



                   Dechra Pharmaceuticals PLC ('the Company')

                             Holding(s) in Company


The Company was notified on 14 January 2004 by Hermes Administration Services
Limited that the Trustees of the BT Pension Scheme and BriTel Fund Trustees
Limited have a notifiable interest in a total of 2,454,753 ordinary shares of 1p
each in the Company ('Ordinary Shares'), representing approximately 4.81 per
cent. of the issued ordinary share capital. These Ordinary Shares are registered
as follows:

Registered Holder                       Ordinary Shares            % of issued
                                                                 share capital

Britel Fund Nominees Ltd                      2,249,336                   4.41

Chase Nominees Ltd                            205,417                     0.40

                          Total               2,454,753                   4.81



17 January 2005






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