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:

24 Feb 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:

8,946,857

0.89%

6,831,008

0.68%

(2)

Cash-settled derivatives:

6,727,070

0.67%

4,243,307

0.42%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

15,673,927

1.57%

11,074,315

1.11%

(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

177,180

4.0842 GBP

25p ordinary

Purchase

125,179

4.0840 GBP

25p ordinary

Purchase

93,709

4.1041 GBP

25p ordinary

Purchase

67,432

4.1476 GBP

25p ordinary

Purchase

65,651

4.1259 GBP

25p ordinary

Purchase

49,612

4.1487 GBP

25p ordinary

Purchase

44,865

4.1467 GBP

25p ordinary

Purchase

37,466

4.1494 GBP

25p ordinary

Purchase

31,097

4.1324 GBP

25p ordinary

Purchase

28,996

4.1424 GBP

25p ordinary

Purchase

18,397

4.1486 GBP

25p ordinary

Purchase

18,249

4.0977 GBP

25p ordinary

Purchase

17,406

4.1595 GBP

25p ordinary

Purchase

15,295

4.0923 GBP

25p ordinary

Purchase

11,973

4.1249 GBP

25p ordinary

Purchase

11,743

4.1534 GBP

25p ordinary

Purchase

10,687

4.1618 GBP

25p ordinary

Purchase

8,514

4.0957 GBP

25p ordinary

Purchase

7,223

4.1561 GBP

25p ordinary

Purchase

6,558

4.1458 GBP

25p ordinary

Purchase

6,182

4.1185 GBP

25p ordinary

Purchase

5,508

4.1483 GBP

25p ordinary

Purchase

5,454

4.0882 GBP

25p ordinary

Purchase

5,383

4.1480 GBP

25p ordinary

Purchase

4,474

4.0974 GBP

25p ordinary

Purchase

3,758

4.1639 GBP

25p ordinary

Purchase

3,718

4.1397 GBP

25p ordinary

Purchase

2,915

4.1779 GBP

25p ordinary

Purchase

2,315

4.1325 GBP

25p ordinary

Purchase

1,986

4.1348 GBP

25p ordinary

Purchase

1,913

4.1546 GBP

25p ordinary

Purchase

1,867

4.0935 GBP

25p ordinary

Purchase

1,512

4.1400 GBP

25p ordinary

Purchase

1,456

4.1880 GBP

25p ordinary

Purchase

1,408

4.1435 GBP

25p ordinary

Purchase

1,331

4.1380 GBP

25p ordinary

Purchase

1,026

4.1740 GBP

25p ordinary

Purchase

961

4.1300 GBP

25p ordinary

Purchase

814

4.1713 GBP

25p ordinary

Purchase

700

4.0814 GBP

25p ordinary

Purchase

691

4.0760 GBP

25p ordinary

Purchase

677

4.1220 GBP

25p ordinary

Purchase

666

4.1620 GBP

25p ordinary

Purchase

604

4.1694 GBP

25p ordinary

Purchase

395

4.1650 GBP

25p ordinary

Purchase

394

4.1750 GBP

25p ordinary

Purchase

369

4.1720 GBP

25p ordinary

Purchase

276

4.0880 GBP

25p ordinary

Purchase

272

4.0920 GBP

25p ordinary

Purchase

254

4.1960 GBP

25p ordinary

Purchase

184

4.1240 GBP

25p ordinary

Purchase

144

4.0800 GBP

25p ordinary

Purchase

123

4.1260 GBP

25p ordinary

Purchase

118

4.1340 GBP

25p ordinary

Purchase

89

4.0900 GBP

25p ordinary

Purchase

69

4.0780 GBP

25p ordinary

Purchase

68

4.1100 GBP

25p ordinary

Purchase

57

4.1900 GBP

25p ordinary

Purchase

55

4.0940 GBP

25p ordinary

Purchase

55

4.1020 GBP

25p ordinary

Purchase

53

4.1700 GBP

25p ordinary

Purchase

43

4.1680 GBP

25p ordinary

Purchase

35

4.1640 GBP

25p ordinary

Purchase

20

4.1278 GBP

25p ordinary

Purchase

2

4.1860 GBP

25p ordinary

Purchase

2

4.1780 GBP

25p ordinary

Purchase

2

4.1910 GBP

25p ordinary

Purchase

1

4.1820 GBP

25p ordinary

Purchase

1

4.1800 GBP

25p ordinary

Sale

172,886

4.0840 GBP

25p ordinary

Sale

87,557

4.1676 GBP

25p ordinary

Sale

62,733

4.0838 GBP

25p ordinary

Sale

58,166

4.0831 GBP

25p ordinary

Sale

55,050

4.1105 GBP

25p ordinary

Sale

47,293

4.1082 GBP

25p ordinary

Sale

31,030

4.1327 GBP

25p ordinary

Sale

20,562

4.0846 GBP

25p ordinary

Sale

20,093

4.1755 GBP

25p ordinary

Sale

11,867

4.1437 GBP

25p ordinary

Sale

11,700

4.1207 GBP

25p ordinary

Sale

7,518

4.1528 GBP

25p ordinary

Sale

7,081

4.1799 GBP

25p ordinary

Sale

5,800

4.1722 GBP

25p ordinary

Sale

3,542

4.1591 GBP

25p ordinary

Sale

2,595

4.1880 GBP

25p ordinary

Sale

2,549

4.1645 GBP

25p ordinary

Sale

2,440

4.1340 GBP

25p ordinary

Sale

1,833

4.1860 GBP

25p ordinary

Sale

1,566

4.1639 GBP

25p ordinary

Sale

1,416

4.0819 GBP

25p ordinary

Sale

1,100

4.1242 GBP

25p ordinary

Sale

961

4.1300 GBP

25p ordinary

Sale

960

4.1757 GBP

25p ordinary

Sale

876

4.1236 GBP

25p ordinary

Sale

876

4.1655 GBP

25p ordinary

Sale

801

4.1807 GBP

25p ordinary

Sale

747

4.1248 GBP

25p ordinary

Sale

666

4.1620 GBP

25p ordinary

Sale

661

4.1380 GBP

25p ordinary

Sale

588

4.1720 GBP

25p ordinary

Sale

533

4.1059 GBP

25p ordinary

Sale

377

4.1721 GBP

25p ordinary

Sale

376

4.1260 GBP

25p ordinary

Sale

276

4.0880 GBP

25p ordinary

Sale

254

4.1960 GBP

25p ordinary

Sale

202

4.1249 GBP

25p ordinary

Sale

184

4.1240 GBP

25p ordinary

Sale

144

4.0800 GBP

25p ordinary

Sale

89

4.0900 GBP

25p ordinary

Sale

76

4.1615 GBP

25p ordinary

Sale

70

4.1740 GBP

25p ordinary

Sale

69

4.0780 GBP

25p ordinary

Sale

68

4.1100 GBP

25p ordinary

Sale

57

4.1900 GBP

25p ordinary

Sale

55

4.1020 GBP

25p ordinary

Sale

55

4.0940 GBP

25p ordinary

Sale

43

4.1680 GBP

25p ordinary

Sale

35

4.1640 GBP

25p ordinary

Sale

28

4.1700 GBP

25p ordinary

Sale

6

4.1220 GBP

25p ordinary

Sale

3

4.1801 GBP

25p ordinary

Sale

2

4.1910 GBP

25p ordinary

Sale

2

4.1921 GBP

25p ordinary

Sale

1

4.1820 GBP

25p ordinary

Sale

1

4.1800 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

Decreasing Long

8,346

4.1232 GBP

25p ordinary

SWAP

Increasing Long

1,416

4.0819 GBP

25p ordinary

SWAP

Increasing Long

58,166

4.0831 GBP

25p ordinary

SWAP

Increasing Long

62,733

4.0838 GBP

25p ordinary

SWAP

Increasing Long

31,007

4.0840 GBP

25p ordinary

SWAP

Increasing Long

2,226

4.0948 GBP

25p ordinary

SWAP

Increasing Long

3,197

4.0997 GBP

25p ordinary

SWAP

Increasing Long

533

4.1059 GBP

25p ordinary

SWAP

Increasing Long

11,700

4.1207 GBP

25p ordinary

SWAP

Increasing Long

2,652

4.1209 GBP

25p ordinary

SWAP

Increasing Long

1,100

4.1242 GBP

25p ordinary

SWAP

Increasing Long

202

4.1249 GBP

25p ordinary

SWAP

Increasing Long

730

4.1298 GBP

25p ordinary

SWAP

Increasing Long

1,399

4.1302 GBP

25p ordinary

SWAP

Increasing Long

31,030

4.1327 GBP

25p ordinary

SWAP

Increasing Long

7,518

4.1528 GBP

25p ordinary

SWAP

Increasing Long

76

4.1616 GBP

25p ordinary

SWAP

Increasing Long

1,566

4.1639 GBP

25p ordinary

SWAP

Increasing Long

2,549

4.1645 GBP

25p ordinary

SWAP

Increasing Long

87,557

4.1676 GBP

25p ordinary

SWAP

Increasing Long

7,082

4.1799 GBP

25p ordinary

SWAP

Increasing Long

6

4.1850 GBP

25p ordinary

SWAP

Increasing Long

140

4.1855 GBP

25p ordinary

SWAP

Increasing Long

41

4.1856 GBP

25p ordinary

SWAP

Decreasing Long

3,577

4.0840 GBP

25p ordinary

SWAP

Decreasing Long

177,180

4.0842 GBP

25p ordinary

SWAP

Decreasing Long

2,011

4.0876 GBP

25p ordinary

SWAP

Decreasing Long

1,867

4.0935 GBP

25p ordinary

SWAP

Decreasing Long

8,514

4.0957 GBP

25p ordinary

SWAP

Decreasing Long

19,205

4.1014 GBP

25p ordinary

SWAP

Decreasing Long

17,933

4.1025 GBP

25p ordinary

SWAP

Decreasing Long

11,973

4.1249 GBP

25p ordinary

SWAP

Decreasing Long

17,002

4.1302 GBP

25p ordinary

SWAP

Decreasing Long

283

4.1378 GBP

25p ordinary

SWAP

Decreasing Long

42,340

4.1404 GBP

25p ordinary

SWAP

Decreasing Long

44,865

4.1467 GBP

25p ordinary

SWAP

Decreasing Long

67,432

4.1476 GBP

25p ordinary

SWAP

Decreasing Long

18,247

4.1477 GBP

25p ordinary

SWAP

Decreasing Long

11,743

4.1534 GBP

25p ordinary

SWAP

Decreasing Long

194

4.1542 GBP

25p ordinary

SWAP

Decreasing Long

1,913

4.1546 GBP

25p ordinary

SWAP

Decreasing Long

10,687

4.1618 GBP

25p ordinary

SWAP

Decreasing Long

2

4.1640 GBP

25p ordinary

SWAP

Decreasing Long

446

4.1690 GBP

25p ordinary

SWAP

Decreasing Long

52,731

4.1726 GBP

25p ordinary

SWAP

Decreasing Long

24,007

4.1756 GBP

25p ordinary

CFD

Increasing Long

133

4.0839 GBP

25p ordinary

CFD

Increasing Long

11,867

4.1437 GBP

25p ordinary

CFD

Increasing Long

2,186

4.1680 GBP

25p ordinary

CFD

Increasing Long

3,046

4.1698 GBP

25p ordinary

CFD

Decreasing Long

10,806

4.0839 GBP

25p ordinary

CFD

Decreasing Long

3,052

4.1117 GBP

25p ordinary

CFD

Decreasing Long

1,191

4.1595 GBP

25p ordinary

CFD

Decreasing Long

1,571

4.1606 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:

25 Feb 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213