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

PICTON PROPERTY INCOME LTD

principal trader is connected

(d)

Date position held/dealing undertaken:

06 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:

16,982,159

0.72%

13,727,787

0.59%

(2)

Cash-settled derivatives:

and/or controlled:

13,633,733

0.58%

10,483,833

0.45%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

30,615,892

1.31%

24,211,620

1.03%

(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

5,333,601

2.0760 GBP

2.0240 GBP

10p ordinary

Sale

1,018,283

2.0800 GBP

2.0240 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

21,224

2.0276 GBP

10p ordinary

SWAP

Increasing Long

1

2.0278 GBP

10p ordinary

SWAP

Increasing Long

1,385

2.0279 GBP

10p ordinary

SWAP

Increasing Long

127,634

2.0280 GBP

10p ordinary

SWAP

Increasing Long

94,165

2.0285 GBP

10p ordinary

SWAP

Increasing Long

652

2.0286 GBP

10p ordinary

SWAP

Increasing Long

5,901

2.0307 GBP

10p ordinary

SWAP

Increasing Long

1,225

2.0359 GBP

10p ordinary

SWAP

Increasing Long

8

2.0462 GBP

10p ordinary

SWAP

Increasing Long

52,806

2.0470 GBP

10p ordinary

SWAP

Increasing Long

35,024

2.0483 GBP

10p ordinary

SWAP

Increasing Long

11,144

2.0497 GBP

10p ordinary

SWAP

Increasing Long

16,814

2.0512 GBP

10p ordinary

SWAP

Increasing Long

2

2.0520 GBP

10p ordinary

SWAP

Increasing Long

2

2.0530 GBP

10p ordinary

SWAP

Increasing Long

25

2.0619 GBP

10p ordinary

SWAP

Increasing Long

18,549

2.0626 GBP

10p ordinary

SWAP

Increasing Long

9,432

2.0660 GBP

10p ordinary

SWAP

Increasing Long

176

2.0699 GBP

10p ordinary

SWAP

Decreasing Long

1,576

2.0260 GBP

10p ordinary

SWAP

Decreasing Long

51,928

2.0280 GBP

10p ordinary

SWAP

Decreasing Long

50,314

2.0284 GBP

10p ordinary

SWAP

Decreasing Long

100,349

2.0288 GBP

10p ordinary

SWAP

Decreasing Long

114,042

2.0311 GBP

10p ordinary

SWAP

Decreasing Long

93,393

2.0314 GBP

10p ordinary

SWAP

Decreasing Long

323

2.0318 GBP

10p ordinary

SWAP

Decreasing Long

3,090

2.0323 GBP

10p ordinary

SWAP

Decreasing Long

101,896

2.0350 GBP

10p ordinary

SWAP

Decreasing Long

22,426

2.0366 GBP

10p ordinary

SWAP

Decreasing Long

5,263

2.0369 GBP

10p ordinary

SWAP

Decreasing Long

53,815

2.0375 GBP

10p ordinary

SWAP

Decreasing Long

81,250

2.0381 GBP

10p ordinary

SWAP

Decreasing Long

495,619

2.0386 GBP

10p ordinary

SWAP

Decreasing Long

7,683

2.0387 GBP

10p ordinary

SWAP

Decreasing Long

193,989

2.0401 GBP

10p ordinary

SWAP

Decreasing Long

3,096,427

2.0430 GBP

10p ordinary

SWAP

Decreasing Long

137,700

2.0466 GBP

10p ordinary

SWAP

Decreasing Long

23,594

2.0470 GBP

10p ordinary

SWAP

Decreasing Long

33,272

2.0482 GBP

10p ordinary

SWAP

Decreasing Long

7,902

2.0535 GBP

10p ordinary

SWAP

Decreasing Long

3,995

2.0620 GBP

10p ordinary

SWAP

Decreasing Long

522

2.0680 GBP

10p ordinary

CFD

Increasing Long

10

2.0280 GBP

10p ordinary

CFD

Increasing Long

27,042

2.0382 GBP

10p ordinary

CFD

Increasing Long

5,738

2.0618 GBP

10p ordinary

CFD

Decreasing Long

78,034

2.0281 GBP

10p ordinary

CFD

Decreasing Long

6,942

2.0647 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:

09 Mar 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213