Form 8.5 (EPT/NON-RI) LXi REIT 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

LXI REIT PLC

relevant securities this form relates:

(c)

Name of the party to the offer with which exempt

LXi REIT plc

principal trader is connected

(d)

Date position held/dealing undertaken:

27 June 2022

(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?

SECURE INCOME REIT PLC

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:

1p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1)

Relevant securities owned

and/or controlled:

5,121,587

0.56%

2,662,638

0.29%

(2)

Cash-settled derivatives:

3,514,519

0.39%

3,806,772

0.42%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

8,636,106

0.95%

6,469,410

0.71%

(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

1p ordinary

Purchase

2,178,600

1.4260 GBP

1.3854 GBP

1p ordinary

Sale

942,988

1.4260 GBP

1.3868 GBP

(b)

Cash-settled derivative transactions

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

reference

unit

security

securities

1p ordinary

 SWAP

Decreasing Long

237

1.4035 GBP

1p ordinary

 SWAP

Decreasing Long

505

1.4257 GBP

1p ordinary

 SWAP

Decreasing Long

2,464

1.3902 GBP

1p ordinary

 SWAP

Decreasing Long

3,160

1.4151 GBP

1p ordinary

 SWAP

Decreasing Long

7,664

1.4149 GBP

1p ordinary

 SWAP

Decreasing Long

23,166

1.4182 GBP

1p ordinary

 SWAP

Decreasing Long

77,879

1.4147 GBP

1p ordinary

 SWAP

Decreasing Long

1,203,567

1.4220 GBP

1p ordinary

 CFD

Decreasing Short

83

1.3854 GBP

1p ordinary

 CFD

Decreasing Short

241

1.4219 GBP

1p ordinary

 CFD

Decreasing Short

974

1.3988 GBP

1p ordinary

 CFD

Decreasing Short

1,700

1.4054 GBP

1p ordinary

 CFD

Decreasing Short

2,352

1.3868 GBP

1p ordinary

 CFD

Decreasing Short

2,464

1.4242 GBP

1p ordinary

 CFD

Decreasing Short

4,224

1.4164 GBP

1p ordinary

 CFD

Decreasing Short

5,000

1.3878 GBP

1p ordinary

 CFD

Decreasing Short

8,318

1.4220 GBP

1p ordinary

 CFD

Decreasing Short

8,352

1.3898 GBP

1p ordinary

 CFD

Decreasing Short

34,982

1.4150 GBP

1p ordinary

 CFD

Decreasing Short

100,000

1.4045 GBP

1p ordinary

 CFD

Decreasing Short

130,020

1.4071 GBP

1p ordinary

 SWAP

Increasing Long

349

1.3960 GBP

1p ordinary

 SWAP

Increasing Long

2,243

1.4200 GBP

1p ordinary

 SWAP

Increasing Long

2,350

1.4205 GBP

1p ordinary

 SWAP

Increasing Long

2,653

1.4107 GBP

1p ordinary

 SWAP

Increasing Long

2,886

1.4220 GBP

1p ordinary

 SWAP

Increasing Long

3,992

1.4200 GBP

1p ordinary

 SWAP

Increasing Long

5,035

1.4180 GBP

1p ordinary

 SWAP

Increasing Long

6,834

1.4206 GBP

1p ordinary

 SWAP

Increasing Long

7,504

1.4185 GBP

1p ordinary

 SWAP

Increasing Long

11,591

1.4191 GBP

1p ordinary

 SWAP

Increasing Long

13,037

1.4203 GBP

1p ordinary

 SWAP

Increasing Long

15,032

1.4099 GBP

1p ordinary

 SWAP

Increasing Long

15,263

1.3929 GBP

1p ordinary

 SWAP

Increasing Long

17,771

1.4019 GBP

1p ordinary

 SWAP

Increasing Long

22,868

1.4076 GBP

1p ordinary

 SWAP

Increasing Long

23,336

1.4181 GBP

1p ordinary

 SWAP

Increasing Long

34,850

1.4096 GBP

1p ordinary

 SWAP

Increasing Long

53,677

1.4161 GBP

1p ordinary

 SWAP

Increasing Long

54,823

1.4144 GBP

1p ordinary

 SWAP

Increasing Long

116,592

1.4207 GBP

1p ordinary

 SWAP

Increasing Long

124,444

1.4201 GBP

1p ordinary

 SWAP

Increasing Long

139,539

1.4163 GBP

1p ordinary

 SWAP

Increasing Long

317,623

1.4194 GBP

1p ordinary

 SWAP

Increasing Short

5,135

1.3901 GBP

1p ordinary

 SWAP

Increasing Short

6,420

1.4074 GBP

1p ordinary

 SWAP

Increasing Short

27,381

1.3985 GBP

1p ordinary

 SWAP

Opening Short

58,125

1.4085 GBP

1p ordinary

 SWAP

Opening Short

144,060

1.4206 GBP

1p ordinary

 SWAP

Opening Short

1,203,567

1.4220 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:

28 Jun 2022

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213