Form 8.3 BRITISH LAND COMPANY PLC, THE

FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY

A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR

MORE

Rule 8.3 of the Takeover Code (the "Code")

1.

KEY INFORMATION

(a)

Full name of discloser:

Barclays PLC.

(b)

Owner or controller of interest and short

positions disclosed, if different from 1(a):

(c)

Name of offeror/offeree in relation to whose

BRITISH LAND COMPANY PLC, THE

relevant securities this form relates:

(d)

If an exempt fund manager connected with an

offeror/offeree, state this and specify identity of

offeror/offeree:

(e)

Date position held/dealing undertaken:

28 Jan 2026

(f)

In addition to the company in 1(c) above, is the discloser making

YES:

disclosures in respect of any other party to the offer?

LIFE SCIENCE REIT PLC

2.

POSITIONS OF THE PERSON MAKING THE DISCLOSURE

(a)

Interests and short positions in the relevant securities of the offeror or offeree

to which the disclosure relates following the dealing(if any)

Class of relevant security:

25p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1)

Relevant securities owned

and/or controlled:

9,157,914

0.92%

6,149,325

0.62%

(2)

Cash-settled derivatives:

5,839,624

0.58%

2,758,165

0.28%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

14,997,538

1.50%

8,907,490

0.89%

(b)

Rights to subscribe for new securities (including directors and other executive

options)

Class of relevant security in relation to

which subscription right exists

Details, including nature of the rights

concerned and relevant percentages:

3.

DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

(a)

Purchases and sales

Class of relevant

Purchase/sale

Number of

Price per unit

security

securities

25p ordinary

Purchase

1,454,578

4.1308 GBP

25p ordinary

Purchase

812,637

4.1560 GBP

25p ordinary

Purchase

444,249

4.0800 GBP

25p ordinary

Purchase

340,108

4.0983 GBP

25p ordinary

Purchase

273,517

4.1350 GBP

25p ordinary

Purchase

244,584

4.1008 GBP

25p ordinary

Purchase

193,546

4.0700 GBP

25p ordinary

Purchase

187,286

4.1570 GBP

25p ordinary

Purchase

141,258

4.0839 GBP

25p ordinary

Purchase

113,957

4.0977 GBP

25p ordinary

Purchase

100,796

4.1002 GBP

25p ordinary

Purchase

96,800

4.0918 GBP

25p ordinary

Purchase

94,444

4.1104 GBP

25p ordinary

Purchase

94,420

4.1052 GBP

25p ordinary

Purchase

76,371

4.0937 GBP

25p ordinary

Purchase

74,911

4.0939 GBP

25p ordinary

Purchase

42,210

4.1122 GBP

25p ordinary

Purchase

33,759

4.0815 GBP

25p ordinary

Purchase

27,381

4.1112 GBP

25p ordinary

Purchase

21,798

4.1055 GBP

25p ordinary

Purchase

20,412

4.1193 GBP

25p ordinary

Purchase

16,456

4.0996 GBP

25p ordinary

Purchase

15,187

4.0905 GBP

25p ordinary

Purchase

13,212

4.0948 GBP

25p ordinary

Purchase

10,925

4.1286 GBP

25p ordinary

Purchase

8,296

4.1222 GBP

25p ordinary

Purchase

7,163

4.1000 GBP

25p ordinary

Purchase

5,353

4.1126 GBP

25p ordinary

Purchase

4,231

4.0985 GBP

25p ordinary

Purchase

3,349

4.0933 GBP

25p ordinary

Purchase

3,316

4.0822 GBP

ADR

Purchase

3,215

5.6718 USD

25p ordinary

Purchase

2,752

4.1149 GBP

25p ordinary

Purchase

2,666

4.1360 GBP

25p ordinary

Purchase

2,500

4.0795 GBP

25p ordinary

Purchase

2,309

4.1263 GBP

25p ordinary

Purchase

2,226

4.1385 GBP

25p ordinary

Purchase

2,216

4.0858 GBP

25p ordinary

Purchase

2,186

4.1526 GBP

25p ordinary

Purchase

2,067

4.1278 GBP

25p ordinary

Purchase

1,873

4.1307 GBP

25p ordinary

Purchase

1,515

4.1660 GBP

25p ordinary

Purchase

1,460

4.0805 GBP

25p ordinary

Purchase

1,435

4.0926 GBP

25p ordinary

Purchase

1,356

4.1640 GBP

25p ordinary

Purchase

1,017

4.1020 GBP

25p ordinary

Purchase

1,003

4.0900 GBP

25p ordinary

Purchase

870

4.0990 GBP

25p ordinary

Purchase

732

4.0760 GBP

25p ordinary

Purchase

698

4.0960 GBP

25p ordinary

Purchase

691

4.0910 GBP

25p ordinary

Purchase

574

4.1010 GBP

25p ordinary

Purchase

526

4.0971 GBP

25p ordinary

Purchase

468

4.0920 GBP

25p ordinary

Purchase

253

4.1040 GBP

25p ordinary

Purchase

237

4.1620 GBP

25p ordinary

Purchase

216

4.1680 GBP

25p ordinary

Purchase

194

4.0992 GBP

25p ordinary

Purchase

148

4.0940 GBP

25p ordinary

Purchase

119

4.1740 GBP

25p ordinary

Purchase

46

4.1720 GBP

25p ordinary

Purchase

45

4.0824 GBP

25p ordinary

Purchase

16

4.0831 GBP

25p ordinary

Purchase

12

4.1080 GBP

25p ordinary

Sale

1,229,092

4.1164 GBP

25p ordinary

Sale

727,289

4.1308 GBP

25p ordinary

Sale

526,672

4.1560 GBP

25p ordinary

Sale

209,206

4.1285 GBP

25p ordinary

Sale

191,765

4.1562 GBP

25p ordinary

Sale

170,054

4.0983 GBP

25p ordinary

Sale

157,041

4.1198 GBP

25p ordinary

Sale

149,673

4.1027 GBP

25p ordinary

Sale

127,797

4.0953 GBP

25p ordinary

Sale

91,499

4.1116 GBP

25p ordinary

Sale

81,846

4.1252 GBP

25p ordinary

Sale

56,855

4.1016 GBP

25p ordinary

Sale

47,210

4.1052 GBP

25p ordinary

Sale

9,440

4.0997 GBP

25p ordinary

Sale

7,075

4.0760 GBP

25p ordinary

Sale

6,802

4.1288 GBP

25p ordinary

Sale

6,126

4.0700 GBP

25p ordinary

Sale

5,180

4.1684 GBP

25p ordinary

Sale

4,030

4.1360 GBP

25p ordinary

Sale

4,023

4.1702 GBP

25p ordinary

Sale

3,944

4.0853 GBP

25p ordinary

Sale

3,462

4.0901 GBP

25p ordinary

Sale

3,366

4.1660 GBP

ADR

Sale

3,215

5.6718 USD

25p ordinary

Sale

2,909

4.1692 GBP

25p ordinary

Sale

1,905

4.0779 GBP

25p ordinary

Sale

1,745

4.1387 GBP

25p ordinary

Sale

1,612

4.1607 GBP

25p ordinary

Sale

1,449

4.1232 GBP

25p ordinary

Sale

1,338

4.0900 GBP

25p ordinary

Sale

1,085

4.0740 GBP

25p ordinary

Sale

824

4.1020 GBP

25p ordinary

Sale

820

4.1340 GBP

25p ordinary

Sale

777

4.1717 GBP

25p ordinary

Sale

652

4.1620 GBP

25p ordinary

Sale

593

4.0761 GBP

25p ordinary

Sale

349

4.0960 GBP

25p ordinary

Sale

216

4.1680 GBP

25p ordinary

Sale

206

4.1195 GBP

25p ordinary

Sale

205

4.1615 GBP

25p ordinary

Sale

159

4.1320 GBP

25p ordinary

Sale

148

4.0940 GBP

25p ordinary

Sale

119

4.1740 GBP

25p ordinary

Sale

46

4.1720 GBP

25p ordinary

Sale

12

4.1080 GBP

(b)

Cash-settled derivative transactions

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

reference

unit

security

securities

25p ordinary

SWAP

Opening Long

1,892

4.0778 GBP

25p ordinary

SWAP

Increasing Long

51,040

4.0803 GBP

25p ordinary

SWAP

Increasing Long

26,687

4.0934 GBP

25p ordinary

SWAP

Increasing Long

1,449

4.1233 GBP

25p ordinary

SWAP

Increasing Long

81,846

4.1252 GBP

25p ordinary

SWAP

Increasing Long

194

4.1412 GBP

25p ordinary

SWAP

Increasing Long

270

4.1420 GBP

25p ordinary

SWAP

Increasing Long

1,011

4.1445 GBP

25p ordinary

SWAP

Increasing Long

735

4.1446 GBP

25p ordinary

SWAP

Increasing Long

49,904

4.1548 GBP

25p ordinary

SWAP

Increasing Long

11,670

4.1560 GBP

25p ordinary

SWAP

Increasing Long

205

4.1615 GBP

25p ordinary

SWAP

Decreasing Long

181,294

4.0700 GBP

25p ordinary

SWAP

Decreasing Long

2,500

4.0795 GBP

25p ordinary

SWAP

Opening Short

444,249

4.0800 GBP

25p ordinary

SWAP

Increasing Short

31,671

4.0812 GBP

25p ordinary

SWAP

Increasing Short

45

4.0825 GBP

25p ordinary

SWAP

Increasing Short

141,258

4.0839 GBP

25p ordinary

SWAP

Increasing Short

21,939

4.0848 GBP

25p ordinary

SWAP

Increasing Short

96,800

4.0918 GBP

25p ordinary

SWAP

Increasing Short

1,926

4.0928 GBP

25p ordinary

SWAP

Increasing Short

372

4.0944 GBP

25p ordinary

SWAP

Increasing Short

5,665

4.1095 GBP

25p ordinary

SWAP

Increasing Short

383

4.1098 GBP

25p ordinary

SWAP

Increasing Short

1,666

4.1138 GBP

25p ordinary

SWAP

Increasing Short

53,904

4.1466 GBP

25p ordinary

SWAP

Increasing Short

1,141

4.1498 GBP

25p ordinary

SWAP

Increasing Short

79,677

4.1542 GBP

25p ordinary

SWAP

Increasing Short

1,045

4.1556 GBP

25p ordinary

SWAP

Increasing Short

462,606

4.1560 GBP

25p ordinary

SWAP

Increasing Short

1,293

4.1661 GBP

25p ordinary

SWAP

Increasing Short

840

4.1665 GBP

25p ordinary

CFD

Opening Long

8,762

4.0930 GBP

25p ordinary

CFD

Increasing Long

77

4.0959 GBP

25p ordinary

CFD

Increasing Long

1,896

4.0960 GBP

25p ordinary

CFD

Increasing Long

9,440

4.0997 GBP

25p ordinary

CFD

Increasing Long

1,120

4.1390 GBP

25p ordinary

CFD

Increasing Long

2,095

4.1471 GBP

25p ordinary

CFD

Increasing Long

6,865

4.1557 GBP

25p ordinary

CFD

Increasing Long

2,509

4.1559 GBP

25p ordinary

CFD

Increasing Long

53,386

4.1582 GBP

25p ordinary

CFD

Decreasing Long

1,545

4.0918 GBP

25p ordinary

CFD

Decreasing Long

5,055

4.0931 GBP

25p ordinary

CFD

Decreasing Long

77

4.0959 GBP

25p ordinary

CFD

Decreasing Long

1,896

4.0960 GBP

25p ordinary

CFD

Decreasing Long

3

4.1033 GBP

25p ordinary

CFD

Decreasing Long

8,296

4.1223 GBP

25p ordinary

CFD

Decreasing Long

2,509

4.1559 GBP

(c)

Stock-settled derivative transactions (including options)

(i)

Writing, selling, purchasing or varying

Class

Product

Writing,

Number

Exercise

Type

Expiry

Option

of

description

purchasing,

of

price

date

money

relevant

selling,

securities

per unit

paid/

security

varying etc

to which

received

option

per unit

relates

(ii)

Exercise

Class of relevant

Product description

Exercising/ exercised against

Number of

Exercise price per

security

securities

unit

(d)

Other dealings (including subscribing for new securities)

Class of relevant

Nature of Dealings

Details

Price per unit (if

security

applicable)

4.

OTHER INFORMATION

(a)

Indemnity and other dealings arrangements

Details of any indemnity or option arrangement, or any agreement or understanding,

formal or informal, relating to relevant securities which may be an inducement to deal

or refrain from dealing entered into by the exempt principal trader making the disclosure and any party

to the offer or any person acting in concert with a party to the offer:

NONE

(b)

Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between

the person making the disclosure and any other person relating to:

(i) the voting rights of any relevant securities under any option; or

(ii) the voting rights of future acquisition or disposal of any relevant securities to which

any derivative is referenced:

NONE

(c)

Attachments

Is a Supplemental Form 8 (Open Positions) attached?

NO

Date of disclosure:

29 Jan 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213