Form 8.5 EPT/Non RI LONDONMETRIC PROPERTY PLC

FORM 8.5 (EPT/NON-RI)

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN

EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS

(OR WHERE RI STATUS IS NOT APPLICABLE)

Rule 8.5 of the Takeover Code (the "Code")

1.

KEY INFORMATION

(a)

Name of exempt principal trader:

BARCLAYS CAPITAL SECURITIES LTD

(b)

Name of offeror/offeree in relation to whose

LONDONMETRIC PROPERTY PLC

relevant securities this form relates:

(c)

Name of the party to the offer with which exempt

LONDONMETRIC PROPERTY PLC

principal trader is connected

(d)

Date position held/dealing undertaken:

23 Mar 2026

(e)

In addition to the company in 1(b) above, is the exempt principal

YES:

trader making disclosures in respect of any other party to the offer?

PICTON PROPERTY INCOME LIMITED

2.

POSITIONS OF THE EXEMPT PRINCIPAL TRADER

(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:

10p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1)

Relevant securities owned

and/or controlled:

10,023,907

0.43%

9,758,661

0.42%

(2)

Cash-settled derivatives:

and/or controlled:

10,433,526

0.45%

7,862,856

0.34%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

20,457,433

0.87%

17,621,517

0.75%

(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 EXEMPT PRINCIPAL TRADER

(a)

Purchases and sales

Class of relevant

Purchase/sale

Total number of

Highest price per unit

Lowest price per unit

security

securities

paid/received

paid/received

10p ordinary

Purchase

2,532,173

1.8550 GBP

1.7590 GBP

10p ordinary

Sale

1,922,020

1.8550 GBP

1.7560 GBP

(b)

Cash-settled derivative transactions

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

reference

unit

security

securities

10p ordinary

SWAP

Increasing Long

15,302

1.7826 GBP

10p ordinary

SWAP

Increasing Long

4,827

1.7844 GBP

10p ordinary

SWAP

Increasing Long

167

1.7977 GBP

10p ordinary

SWAP

Increasing Long

68,756

1.7993 GBP

10p ordinary

SWAP

Increasing Long

153,024

1.8022 GBP

10p ordinary

SWAP

Increasing Long

53,558

1.8069 GBP

10p ordinary

SWAP

Increasing Long

18,993

1.8087 GBP

10p ordinary

SWAP

Increasing Long

24,885

1.8112 GBP

10p ordinary

SWAP

Increasing Long

4,595

1.8116 GBP

10p ordinary

SWAP

Increasing Long

1,239

1.8117 GBP

10p ordinary

SWAP

Increasing Long

54,183

1.8120 GBP

10p ordinary

SWAP

Increasing Long

8,419

1.8130 GBP

10p ordinary

SWAP

Increasing Long

92,914

1.8133 GBP

10p ordinary

SWAP

Increasing Long

10,362

1.8137 GBP

10p ordinary

SWAP

Increasing Long

8,000

1.8139 GBP

10p ordinary

SWAP

Increasing Long

5,526

1.8146 GBP

10p ordinary

SWAP

Increasing Long

6,444

1.8157 GBP

10p ordinary

SWAP

Increasing Long

2,444

1.8178 GBP

10p ordinary

SWAP

Increasing Long

7,479

1.8188 GBP

10p ordinary

SWAP

Increasing Long

324

1.8192 GBP

10p ordinary

SWAP

Increasing Long

299,066

1.8237 GBP

10p ordinary

SWAP

Increasing Long

7,550

1.8246 GBP

10p ordinary

SWAP

Increasing Long

200

1.8269 GBP

10p ordinary

SWAP

Increasing Long

60

1.8309 GBP

10p ordinary

SWAP

Increasing Long

13,994

1.8340 GBP

10p ordinary

SWAP

Increasing Long

5,427

1.8440 GBP

10p ordinary

SWAP

Increasing Long

1,400

1.8489 GBP

10p ordinary

SWAP

Decreasing Long

294

1.7775 GBP

10p ordinary

SWAP

Decreasing Long

29

1.7789 GBP

10p ordinary

SWAP

Decreasing Long

53,823

1.7830 GBP

10p ordinary

SWAP

Decreasing Long

186

1.8095 GBP

10p ordinary

SWAP

Decreasing Long

27,927

1.8117 GBP

10p ordinary

SWAP

Decreasing Long

82,928

1.8120 GBP

10p ordinary

SWAP

Decreasing Long

124,753

1.8122 GBP

10p ordinary

SWAP

Decreasing Long

561

1.8125 GBP

10p ordinary

SWAP

Decreasing Long

205

1.8129 GBP

10p ordinary

SWAP

Decreasing Long

49,785

1.8132 GBP

10p ordinary

SWAP

Decreasing Long

664,382

1.8162 GBP

10p ordinary

SWAP

Decreasing Long

13,812

1.8163 GBP

10p ordinary

SWAP

Decreasing Long

1,782

1.8200 GBP

10p ordinary

SWAP

Decreasing Long

292,200

1.8238 GBP

10p ordinary

SWAP

Decreasing Long

87,079

1.8239 GBP

10p ordinary

SWAP

Decreasing Long

14,646

1.8270 GBP

10p ordinary

SWAP

Decreasing Long

488

1.8285 GBP

10p ordinary

SWAP

Decreasing Long

100

1.8350 GBP

10p ordinary

SWAP

Decreasing Long

8,827

1.8400 GBP

10p ordinary

SWAP

Decreasing Long

20,345

1.8414 GBP

10p ordinary

SWAP

Decreasing Long

5,427

1.8440 GBP

10p ordinary

SWAP

Decreasing Long

8

1.8537 GBP

10p ordinary

CFD

Increasing Long

1,603

1.8118 GBP

10p ordinary

CFD

Increasing Long

15,597

1.8144 GBP

10p ordinary

CFD

Decreasing Long

104,307

1.7996 GBP

10p ordinary

CFD

Decreasing Long

19

1.8121 GBP

10p ordinary

CFD

Decreasing Long

1,075

1.8131 GBP

10p ordinary

CFD

Decreasing Long

5,997

1.8479 GBP

10p ordinary

CFD

Decreasing Long

2,276

1.8480 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)

Exercising

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 exempt principal trader 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:

24 Mar 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213