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:

12 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:

16,131,609

0.69%

12,673,509

0.54%

(2)

Cash-settled derivatives:

and/or controlled:

13,224,894

0.56%

10,352,529

0.44%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

29,356,503

1.25%

23,026,038

0.98%

(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

3,977,814

1.9470 GBP

1.9270 GBP

10p ordinary

Sale

4,251,140

1.9470 GBP

1.9270 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

7,616

1.9322 GBP

10p ordinary

SWAP

Increasing Long

7,075

1.9338 GBP

10p ordinary

SWAP

Increasing Long

2,570

1.9350 GBP

10p ordinary

SWAP

Increasing Long

15,663

1.9359 GBP

10p ordinary

SWAP

Increasing Long

284,685

1.9364 GBP

10p ordinary

SWAP

Increasing Long

28,840

1.9366 GBP

10p ordinary

SWAP

Increasing Long

2,830

1.9377 GBP

10p ordinary

SWAP

Increasing Long

1,667,099

1.9380 GBP

10p ordinary

SWAP

Increasing Long

10,531

1.9381 GBP

10p ordinary

SWAP

Increasing Long

29,474

1.9383 GBP

10p ordinary

SWAP

Decreasing Long

29,495

1.9334 GBP

10p ordinary

SWAP

Decreasing Long

8

1.9341 GBP

10p ordinary

SWAP

Decreasing Long

114,513

1.9357 GBP

10p ordinary

SWAP

Decreasing Long

310,422

1.9359 GBP

10p ordinary

SWAP

Decreasing Long

83,602

1.9362 GBP

10p ordinary

SWAP

Decreasing Long

66,974

1.9363 GBP

10p ordinary

SWAP

Decreasing Long

328,185

1.9364 GBP

10p ordinary

SWAP

Decreasing Long

7,044

1.9366 GBP

10p ordinary

SWAP

Decreasing Long

267

1.9379 GBP

10p ordinary

SWAP

Decreasing Long

515,950

1.9380 GBP

10p ordinary

SWAP

Decreasing Long

36,492

1.9382 GBP

10p ordinary

SWAP

Decreasing Long

11,818

1.9385 GBP

10p ordinary

SWAP

Decreasing Long

70

1.9391 GBP

10p ordinary

SWAP

Decreasing Long

165

1.9397 GBP

10p ordinary

SWAP

Decreasing Long

9,700

1.9404 GBP

10p ordinary

SWAP

Decreasing Long

186,381

1.9409 GBP

10p ordinary

SWAP

Decreasing Long

1

1.9440 GBP

10p ordinary

CFD

Increasing Long

11,378

1.9356 GBP

10p ordinary

CFD

Increasing Long

57,517

1.9358 GBP

10p ordinary

CFD

Increasing Long

4,837

1.9378 GBP

10p ordinary

CFD

Increasing Long

53

1.9409 GBP

10p ordinary

CFD

Decreasing Long

2,690

1.9351 GBP

10p ordinary

CFD

Decreasing Long

4,569

1.9381 GBP

10p ordinary

CFD

Decreasing Long

39,221

1.9384 GBP

10p ordinary

CFD

Decreasing Long

24,260

1.9407 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:

13 Mar 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213