Holding in Company

Dechra Pharmaceuticals PLC
21 February 2001



                          DECHRA PHARMACEUTICALS PLC                          
                                                                              
                          Notification of interests                           

The board of Dechra Pharmaceuticals PLC (the 'Company') announces that it
received notification on 20 February 2001 that Morley Fund Management Limited
(a subsidiary of CGNU plc) is interested in 3,182,000 ordinary 1p shares in
the Company, representing 6.39% of the Company's issued ordinary share
capital.