Response to Competition Comm.

Dechra Pharmaceuticals PLC 20 September 2002 Issued by Citigate Dewe Rogerson Limited, Birmingham Date: Friday 20 September 2002 Embargoed: 7.00am Dechra Pharmaceuticals PLC Inquiry into supply of prescription-only medicines: statement of provisional conclusions on complex monopoly and hypothetical remedies The Directors of Dechra Pharmaceuticals PLC ('Dechra') have noted the announcement issued on 17 September 2002 by the Competition Commission, relating to provisional conclusions on the existence of a complex monopoly and hypothetical remedies in the supply of prescription only veterinary medicines ('POMs'). The Commission provisionally concluded in the 'Statement of Issues' released on 16 April 2002 that a scale monopoly exists in favour of National Veterinary Services ('NVS'). However, the Commission makes it clear that this purely technical finding does not imply in any way that this situation operates or might be expected to operate against the public interest. Ian Page, Chief Executive, Dechra Pharmaceuticals PLC commented: 'We are continuing to co-operate fully with the Commission's inquiry. Whilst the proposals are still potentially open to change, we believe that the hypothetical remedies are unlikely to have any material impact on the performance of our trading subsidiary, NVS. Furthermore we believe Dechra is in a strong position to service and support the requirement of our existing and new customers if and when change is implemented. We look forward to the Commission's final report due in January 2003, and as indicated in our Preliminary result's statement issued this month, we will continue to update shareholders as soon as any new or relevant information becomes available.' The Competition Commission is expected to submit its Report to The Secretary of State for Trade and Industry on 8 January 2003. Enquiries: Ian Page, Chief Executive (07775 642222) Fiona Tooley (07785 703523) Simon Evans, Group Finance Director Katie Dale Dechra Pharmaceuticals PLC Citigate Dewe Rogerson Tel: 01782 771100 Tel: 0121 455 8370 www.dechra.com This information is provided by RNS The company news service from the London Stock Exchange
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