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:

18 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:

11,999,759

0.51%

12,467,551

0.53%

(2)

Cash-settled derivatives:

and/or controlled:

12,476,621

0.53%

7,510,361

0.32%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

24,476,380

1.04%

19,977,912

0.85%

(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

1,862,169

1.9750 GBP

1.9330 GBP

10p ordinary

Sale

3,830,739

1.9760 GBP

1.9330 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

1,260

1.9436 GBP

10p ordinary

SWAP

Increasing Long

63,751

1.9437 GBP

10p ordinary

SWAP

Increasing Long

488,090

1.9440 GBP

10p ordinary

SWAP

Increasing Long

33,172

1.9452 GBP

10p ordinary

SWAP

Increasing Long

102,201

1.9461 GBP

10p ordinary

SWAP

Increasing Long

3,400

1.9462 GBP

10p ordinary

SWAP

Increasing Long

23,460

1.9463 GBP

10p ordinary

SWAP

Increasing Long

7,526

1.9464 GBP

10p ordinary

SWAP

Increasing Long

180,163

1.9478 GBP

10p ordinary

SWAP

Increasing Long

57,813

1.9500 GBP

10p ordinary

SWAP

Increasing Long

268,078

1.9507 GBP

10p ordinary

SWAP

Increasing Long

169,221

1.9508 GBP

10p ordinary

SWAP

Increasing Long

80,484

1.9512 GBP

10p ordinary

SWAP

Increasing Long

405,392

1.9518 GBP

10p ordinary

SWAP

Increasing Long

14,008

1.9575 GBP

10p ordinary

SWAP

Increasing Long

1,413

1.9645 GBP

10p ordinary

SWAP

Increasing Long

15,519

1.9727 GBP

10p ordinary

SWAP

Decreasing Long

3,089

1.9375 GBP

10p ordinary

SWAP

Decreasing Long

3,178

1.9380 GBP

10p ordinary

SWAP

Decreasing Long

959

1.9391 GBP

10p ordinary

SWAP

Decreasing Long

38,161

1.9398 GBP

10p ordinary

SWAP

Decreasing Long

730

1.9423 GBP

10p ordinary

SWAP

Decreasing Long

25,233

1.9440 GBP

10p ordinary

SWAP

Decreasing Long

3,636

1.9482 GBP

10p ordinary

SWAP

Decreasing Long

34,633

1.9486 GBP

10p ordinary

SWAP

Decreasing Long

6,645

1.9495 GBP

10p ordinary

SWAP

Decreasing Long

1,019

1.9497 GBP

10p ordinary

SWAP

Decreasing Long

306,529

1.9506 GBP

10p ordinary

SWAP

Decreasing Long

25,422

1.9507 GBP

10p ordinary

SWAP

Decreasing Long

43

1.9519 GBP

10p ordinary

SWAP

Decreasing Long

110

1.9521 GBP

10p ordinary

SWAP

Decreasing Long

3,029

1.9583 GBP

10p ordinary

SWAP

Decreasing Long

254

1.9614 GBP

10p ordinary

SWAP

Decreasing Long

146

1.9616 GBP

10p ordinary

SWAP

Decreasing Long

48,900

1.9640 GBP

10p ordinary

SWAP

Decreasing Long

5,057

1.9660 GBP

10p ordinary

SWAP

Decreasing Long

1,942

1.9706 GBP

10p ordinary

SWAP

Decreasing Long

279,571

1.9730 GBP

10p ordinary

CFD

Increasing Long

56,376

1.9403 GBP

10p ordinary

CFD

Increasing Long

29,604

1.9438 GBP

10p ordinary

CFD

Increasing Long

4,620

1.9658 GBP

10p ordinary

CFD

Decreasing Long

4,620

1.9441 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:

19 Mar 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213