Holding(s) in Company

Dechra Pharmaceuticals PLC
21 January 2004


                   DECHRA PHARMACEUTICALS PLC (the 'Company')

                             Holding(s) in Company

On 20 January 2004 the Company was informed by Threadneedle Investments, on
behalf of American Express Company and its Group, that it has ceased to have a
notifiable interest in the issued ordinary share capital of the Company.

21 January 2004



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