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:

20 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:

8,525,027

0.85%

6,753,279

0.68%

(2)

Cash-settled derivatives:

6,607,163

0.66%

3,850,771

0.39%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

15,132,190

1.51%

10,604,050

1.06%

(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

395,552

4.1911 GBP

25p ordinary

Purchase

204,063

4.2060 GBP

25p ordinary

Purchase

121,200

4.1909 GBP

25p ordinary

Purchase

90,000

4.2142 GBP

25p ordinary

Purchase

74,335

4.1900 GBP

25p ordinary

Purchase

45,523

4.2120 GBP

25p ordinary

Purchase

41,724

4.2110 GBP

25p ordinary

Purchase

31,107

4.1910 GBP

25p ordinary

Purchase

29,178

4.2006 GBP

25p ordinary

Purchase

21,864

4.2066 GBP

25p ordinary

Purchase

12,300

4.1747 GBP

25p ordinary

Purchase

11,972

4.2043 GBP

25p ordinary

Purchase

9,214

4.1871 GBP

25p ordinary

Purchase

8,347

4.1997 GBP

25p ordinary

Purchase

8,100

4.1914 GBP

25p ordinary

Purchase

6,372

4.1960 GBP

25p ordinary

Purchase

5,610

4.2000 GBP

25p ordinary

Purchase

5,347

4.1980 GBP

25p ordinary

Purchase

5,117

4.1896 GBP

25p ordinary

Purchase

5,000

4.1848 GBP

25p ordinary

Purchase

4,164

4.1963 GBP

25p ordinary

Purchase

4,000

4.1948 GBP

25p ordinary

Purchase

3,355

4.1940 GBP

25p ordinary

Purchase

2,945

4.1946 GBP

25p ordinary

Purchase

2,659

4.1801 GBP

25p ordinary

Purchase

1,844

4.1937 GBP

25p ordinary

Purchase

1,653

4.1820 GBP

25p ordinary

Purchase

1,649

4.1832 GBP

25p ordinary

Purchase

1,555

4.1950 GBP

25p ordinary

Purchase

1,454

4.1918 GBP

25p ordinary

Purchase

1,450

4.2024 GBP

25p ordinary

Purchase

1,446

4.2100 GBP

25p ordinary

Purchase

1,398

4.1941 GBP

25p ordinary

Purchase

1,253

4.1990 GBP

25p ordinary

Purchase

1,210

4.1840 GBP

25p ordinary

Purchase

1,143

4.1970 GBP

25p ordinary

Purchase

1,114

4.1920 GBP

25p ordinary

Purchase

986

4.2140 GBP

25p ordinary

Purchase

912

4.2073 GBP

25p ordinary

Purchase

805

4.1770 GBP

25p ordinary

Purchase

748

4.1800 GBP

25p ordinary

Purchase

680

4.1930 GBP

25p ordinary

Purchase

678

4.2160 GBP

25p ordinary

Purchase

626

4.1847 GBP

25p ordinary

Purchase

604

4.1904 GBP

25p ordinary

Purchase

550

4.1860 GBP

25p ordinary

Purchase

469

4.1998 GBP

25p ordinary

Purchase

393

4.1830 GBP

25p ordinary

Purchase

383

4.1880 GBP

25p ordinary

Purchase

380

4.1810 GBP

25p ordinary

Purchase

362

4.1850 GBP

25p ordinary

Purchase

294

4.1890 GBP

25p ordinary

Purchase

232

4.1995 GBP

25p ordinary

Purchase

194

4.1870 GBP

25p ordinary

Purchase

191

4.1780 GBP

25p ordinary

Purchase

186

4.2080 GBP

25p ordinary

Purchase

178

4.2040 GBP

25p ordinary

Purchase

53

4.1903 GBP

25p ordinary

Purchase

8

4.1790 GBP

25p ordinary

Sale

307,978

4.1930 GBP

25p ordinary

Sale

274,300

4.1900 GBP

25p ordinary

Sale

253,612

4.1898 GBP

25p ordinary

Sale

210,834

4.1890 GBP

25p ordinary

Sale

87,552

4.1975 GBP

25p ordinary

Sale

44,982

4.1962 GBP

25p ordinary

Sale

41,384

4.1936 GBP

25p ordinary

Sale

33,752

4.1894 GBP

25p ordinary

Sale

31,063

4.1957 GBP

25p ordinary

Sale

30,447

4.1893 GBP

25p ordinary

Sale

22,276

4.1911 GBP

25p ordinary

Sale

21,201

4.1879 GBP

25p ordinary

Sale

17,894

4.1974 GBP

25p ordinary

Sale

17,382

4.1938 GBP

25p ordinary

Sale

13,971

4.1965 GBP

25p ordinary

Sale

13,965

4.1942 GBP

25p ordinary

Sale

11,308

4.1948 GBP

25p ordinary

Sale

8,441

4.1999 GBP

25p ordinary

Sale

6,941

4.1986 GBP

25p ordinary

Sale

6,372

4.1960 GBP

25p ordinary

Sale

6,297

4.2020 GBP

25p ordinary

Sale

6,249

4.2000 GBP

25p ordinary

Sale

5,347

4.1980 GBP

25p ordinary

Sale

5,306

4.1969 GBP

25p ordinary

Sale

4,481

4.1887 GBP

25p ordinary

Sale

4,225

4.2034 GBP

25p ordinary

Sale

3,814

4.1816 GBP

25p ordinary

Sale

3,355

4.1940 GBP

25p ordinary

Sale

2,633

4.2023 GBP

25p ordinary

Sale

2,603

4.1820 GBP

25p ordinary

Sale

2,426

4.2001 GBP

25p ordinary

Sale

2,205

4.2017 GBP

25p ordinary

Sale

2,091

4.1973 GBP

25p ordinary

Sale

1,980

4.2120 GBP

25p ordinary

Sale

1,882

4.1840 GBP

25p ordinary

Sale

1,684

4.2014 GBP

25p ordinary

Sale

1,625

4.1943 GBP

25p ordinary

Sale

1,555

4.1950 GBP

25p ordinary

Sale

1,446

4.2100 GBP

25p ordinary

Sale

1,406

4.1955 GBP

25p ordinary

Sale

1,278

4.2030 GBP

25p ordinary

Sale

1,268

4.1964 GBP

25p ordinary

Sale

1,253

4.1990 GBP

25p ordinary

Sale

1,237

4.1780 GBP

25p ordinary

Sale

1,143

4.1970 GBP

25p ordinary

Sale

1,114

4.1920 GBP

25p ordinary

Sale

776

4.2060 GBP

25p ordinary

Sale

748

4.1800 GBP

25p ordinary

Sale

678

4.2160 GBP

25p ordinary

Sale

604

4.2140 GBP

25p ordinary

Sale

550

4.1860 GBP

25p ordinary

Sale

393

4.1830 GBP

25p ordinary

Sale

383

4.1880 GBP

25p ordinary

Sale

380

4.1810 GBP

25p ordinary

Sale

362

4.1850 GBP

25p ordinary

Sale

261

4.1994 GBP

25p ordinary

Sale

194

4.1870 GBP

25p ordinary

Sale

189

4.2110 GBP

25p ordinary

Sale

186

4.2080 GBP

25p ordinary

Sale

178

4.2040 GBP

25p ordinary

Sale

171

4.1910 GBP

25p ordinary

Sale

8

4.1790 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

Increasing Long

21,201

4.1879 GBP

25p ordinary

SWAP

Increasing Long

210,540

4.1890 GBP

25p ordinary

SWAP

Increasing Long

30,447

4.1893 GBP

25p ordinary

SWAP

Increasing Long

275,779

4.1900 GBP

25p ordinary

SWAP

Increasing Long

22,276

4.1911 GBP

25p ordinary

SWAP

Increasing Long

9,565

4.1919 GBP

25p ordinary

SWAP

Increasing Long

1,853

4.1922 GBP

25p ordinary

SWAP

Increasing Long

133,512

4.1925 GBP

25p ordinary

SWAP

Increasing Long

2,200

4.1926 GBP

25p ordinary

SWAP

Increasing Long

13,965

4.1942 GBP

25p ordinary

SWAP

Increasing Long

11,631

4.1944 GBP

25p ordinary

SWAP

Increasing Long

10,151

4.1952 GBP

25p ordinary

SWAP

Increasing Long

13,513

4.1959 GBP

25p ordinary

SWAP

Increasing Long

44,982

4.1962 GBP

25p ordinary

SWAP

Increasing Long

11,482

4.1964 GBP

25p ordinary

SWAP

Increasing Long

87,552

4.1975 GBP

25p ordinary

SWAP

Increasing Long

1,666

4.1981 GBP

25p ordinary

SWAP

Increasing Long

14,738

4.1985 GBP

25p ordinary

SWAP

Increasing Long

2,443

4.1988 GBP

25p ordinary

SWAP

Increasing Long

1,552

4.1994 GBP

25p ordinary

SWAP

Increasing Long

2,633

4.2023 GBP

25p ordinary

SWAP

Increasing Long

1,278

4.2030 GBP

25p ordinary

SWAP

Decreasing Long

12,300

4.1747 GBP

25p ordinary

SWAP

Decreasing Long

2,659

4.1800 GBP

25p ordinary

SWAP

Decreasing Long

294

4.1809 GBP

25p ordinary

SWAP

Decreasing Long

5,000

4.1848 GBP

25p ordinary

SWAP

Decreasing Long

9,630

4.1900 GBP

25p ordinary

SWAP

Decreasing Long

49,796

4.1903 GBP

25p ordinary

SWAP

Decreasing Long

604

4.1904 GBP

25p ordinary

SWAP

Decreasing Long

71,457

4.1913 GBP

25p ordinary

SWAP

Decreasing Long

619

4.1916 GBP

25p ordinary

SWAP

Decreasing Long

3,668

4.1938 GBP

25p ordinary

SWAP

Decreasing Long

4,000

4.1948 GBP

25p ordinary

SWAP

Decreasing Long

1,457

4.1951 GBP

25p ordinary

SWAP

Decreasing Long

26,127

4.1956 GBP

25p ordinary

SWAP

Decreasing Long

4,164

4.1963 GBP

25p ordinary

SWAP

Decreasing Long

4,164

4.1971 GBP

25p ordinary

SWAP

Decreasing Long

91

4.1983 GBP

25p ordinary

SWAP

Decreasing Long

1,393

4.2015 GBP

25p ordinary

SWAP

Decreasing Long

203,477

4.2060 GBP

25p ordinary

SWAP

Decreasing Long

21,864

4.2066 GBP

25p ordinary

SWAP

Decreasing Long

8,665

4.2068 GBP

25p ordinary

SWAP

Decreasing Long

912

4.2073 GBP

25p ordinary

SWAP

Decreasing Long

90,000

4.2142 GBP

25p ordinary

CFD

Increasing Long

1,745

4.1898 GBP

25p ordinary

CFD

Increasing Long

49,036

4.1900 GBP

25p ordinary

CFD

Increasing Long

6,941

4.1986 GBP

25p ordinary

CFD

Increasing Long

9,974

4.2027 GBP

25p ordinary

CFD

Decreasing Long

1,009

4.1900 GBP

25p ordinary

CFD

Decreasing Long

11,972

4.2043 GBP

25p ordinary

CFD

Decreasing Long

42,996

4.2119 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:

23 Feb 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213