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:

13 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:

15,643,551

0.67%

12,257,125

0.52%

(2)

Cash-settled derivatives:

and/or controlled:

12,086,103

0.52%

10,256,585

0.44%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

27,729,654

1.18%

22,513,710

0.96%

(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

2,254,338

1.9600 GBP

1.9250 GBP

10p ordinary

Sale

2,326,012

1.9590 GBP

1.9240 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

2,582

1.9246 GBP

10p ordinary

SWAP

Increasing Long

11,641

1.9249 GBP

10p ordinary

SWAP

Increasing Long

154,394

1.9250 GBP

10p ordinary

SWAP

Increasing Long

86,804

1.9254 GBP

10p ordinary

SWAP

Increasing Long

334

1.9262 GBP

10p ordinary

SWAP

Increasing Long

160,704

1.9267 GBP

10p ordinary

SWAP

Increasing Long

1,147

1.9270 GBP

10p ordinary

SWAP

Increasing Long

535

1.9288 GBP

10p ordinary

SWAP

Increasing Long

565

1.9290 GBP

10p ordinary

SWAP

Increasing Long

32,331

1.9312 GBP

10p ordinary

SWAP

Increasing Long

169,944

1.9331 GBP

10p ordinary

SWAP

Increasing Long

581

1.9333 GBP

10p ordinary

SWAP

Increasing Long

19,477

1.9354 GBP

10p ordinary

SWAP

Increasing Long

1,333

1.9367 GBP

10p ordinary

SWAP

Increasing Long

12,768

1.9370 GBP

10p ordinary

SWAP

Increasing Long

19,141

1.9394 GBP

10p ordinary

SWAP

Increasing Long

2,993

1.9409 GBP

10p ordinary

SWAP

Increasing Long

1,043

1.9413 GBP

10p ordinary

SWAP

Increasing Long

7,703

1.9433 GBP

10p ordinary

SWAP

Increasing Long

1,832

1.9441 GBP

10p ordinary

SWAP

Increasing Long

27,228

1.9467 GBP

10p ordinary

SWAP

Increasing Long

2,642

1.9491 GBP

10p ordinary

SWAP

Increasing Long

6,402

1.9499 GBP

10p ordinary

SWAP

Increasing Long

7,717

1.9569 GBP

10p ordinary

SWAP

Decreasing Long

303,733

1.9250 GBP

10p ordinary

SWAP

Decreasing Long

36,260

1.9253 GBP

10p ordinary

SWAP

Decreasing Long

102

1.9268 GBP

10p ordinary

SWAP

Decreasing Long

275

1.9270 GBP

10p ordinary

SWAP

Decreasing Long

11,097

1.9297 GBP

10p ordinary

SWAP

Decreasing Long

1

1.9300 GBP

10p ordinary

SWAP

Decreasing Long

101

1.9329 GBP

10p ordinary

SWAP

Decreasing Long

95,600

1.9330 GBP

10p ordinary

SWAP

Decreasing Long

8,500

1.9344 GBP

10p ordinary

SWAP

Decreasing Long

695,150

1.9357 GBP

10p ordinary

SWAP

Decreasing Long

1,300

1.9363 GBP

10p ordinary

SWAP

Decreasing Long

44,316

1.9364 GBP

10p ordinary

SWAP

Decreasing Long

3,139

1.9365 GBP

10p ordinary

SWAP

Decreasing Long

36,499

1.9370 GBP

10p ordinary

SWAP

Decreasing Long

187,077

1.9383 GBP

10p ordinary

SWAP

Decreasing Long

12,076

1.9393 GBP

10p ordinary

SWAP

Decreasing Long

23,234

1.9396 GBP

10p ordinary

SWAP

Decreasing Long

71,708

1.9409 GBP

10p ordinary

SWAP

Decreasing Long

21,340

1.9412 GBP

10p ordinary

SWAP

Decreasing Long

292,146

1.9418 GBP

10p ordinary

SWAP

Decreasing Long

9

1.9430 GBP

10p ordinary

SWAP

Decreasing Long

6,560

1.9433 GBP

10p ordinary

SWAP

Decreasing Long

4

1.9440 GBP

10p ordinary

SWAP

Decreasing Long

16,418

1.9453 GBP

10p ordinary

CFD

Increasing Long

8,344

1.9250 GBP

10p ordinary

CFD

Increasing Long

11,258

1.9385 GBP

10p ordinary

CFD

Increasing Long

86,802

1.9462 GBP

10p ordinary

CFD

Decreasing Long

2,370

1.9266 GBP

10p ordinary

CFD

Decreasing Long

2,566

1.9289 GBP

10p ordinary

CFD

Decreasing Long

9,511

1.9399 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:

16 Mar 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213