Holding(s) in Company

Dechra Pharmaceuticals PLC
07 August 2003


                   DECHRA PHARMACEUTICALS PLC (the 'Company')


                             Holding(s) in Company



The Company was notified by Montanaro UK Smaller Companies Investment Trust PLC
on 7 August 2003 that, following the sale of 500,000 ordinary shares of 1p each
in the Company on 6 August 2003, they no longer have a notifiable interest in
the issued share capital of the Company.



7 August 2003






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