Form 8.5 (EPT/RI)-Replacement of Dechra

*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:

Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.

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(a) Name of exempt principal trader:	Morgan Stanley & Co. International plc
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree	Dechra Pharmaceuticals plc
(c) Name of the party to the offer with which exempt principal trader is connected:	EQT (EQT X EUR SCSp and EQT X USD SCSp)
(d) Date dealing undertaken:	24 November 2023
(e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer? If it is a cash offer or possible cash offer, state "N/A"	N/A

Class of relevant security	Product description e.g. CFD	Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position	Number of reference securities	Price per unit
1p ordinary	CFD	increasing a long position	166	38.2194 GBP
1p ordinary	CFD	increasing a long position	63	38.2200 GBP
1p ordinary	CFD	increasing a long position	1,226	38.2200 GBP
1p ordinary	CFD	increasing a long position	35	38.2200 GBP
1p ordinary	CFD	increasing a long position	43	38.2200 GBP
1p ordinary	CFD	increasing a long position	291	38.2200 GBP
1p ordinary	CFD	increasing a long position	56	38.2286 GBP
1p ordinary	CFD	increasing a long position	47	38.2287 GBP
1p ordinary	CFD	increasing a long position	361	38.2338 GBP
1p ordinary	CFD	increasing a long position	88	38.2389 GBP
1p ordinary	CFD	increasing a short position	722	38.2200 GBP
1p ordinary	CFD	increasing a short position	144	38.2391 GBP
1p ordinary	CFD	increasing a short position	6	38.2391 GBP
1p ordinary	CFD	increasing a short position	101	38.2400 GBP
1p ordinary	CFD	increasing a short position	113	38.2400 GBP
1p ordinary	CFD	reducing a long position	1,675	38.2200 GBP
1p ordinary	CFD	reducing a long position	1,086	38.2263 GBP
1p ordinary	CFD	reducing a long position	1,458	38.2264 GBP
1p ordinary	CFD	reducing a long position	30	38.2267 GBP
1p ordinary	CFD	reducing a long position	6,978	38.2356 GBP
1p ordinary	CFD	reducing a long position	258	38.2457 GBP
1p ordinary	CFD	reducing a short position	1,921	38.2200 GBP

Date of disclosure:	28 November 2023
Contact name:	Craig Horsley
Telephone number:	+44 141 245-7736

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UK 100

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