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:

22 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:

5,040,033

0.55%

2,255,826

0.25%

(2)

Cash-settled derivatives:

3,333,677

0.37%

3,666,081

0.40%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

8,373,710

0.92%

5,921,907

0.65%

(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

1,794,677

1.3820 GBP

1.358 GBP

1p ordinary

Sale

1,104,527

1.3820 GBP

1.359 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

291

1.3700 GBP

1p ordinary

 SWAP

Decreasing Long

528

1.3860 GBP

1p ordinary

 SWAP

Decreasing Long

1,883

1.3628 GBP

1p ordinary

 SWAP

Decreasing Long

2,162

1.3760 GBP

1p ordinary

 SWAP

Decreasing Long

2,241

1.3660 GBP

1p ordinary

 SWAP

Decreasing Long

2,946

1.3693 GBP

1p ordinary

 SWAP

Decreasing Long

3,076

1.3650 GBP

1p ordinary

 SWAP

Decreasing Long

3,344

1.3614 GBP

1p ordinary

 SWAP

Decreasing Long

4,291

1.3600 GBP

1p ordinary

 SWAP

Decreasing Long

4,350

1.3600 GBP

1p ordinary

 SWAP

Decreasing Long

4,740

1.3610 GBP

1p ordinary

 SWAP

Decreasing Long

12,292

1.3630 GBP

1p ordinary

 SWAP

Decreasing Long

27,866

1.3638 GBP

1p ordinary

 SWAP

Decreasing Long

29,083

1.3647 GBP

1p ordinary

 SWAP

Decreasing Long

43,694

1.3661 GBP

1p ordinary

 SWAP

Decreasing Long

49,349

1.3651 GBP

1p ordinary

 SWAP

Decreasing Long

56,776

1.3615 GBP

1p ordinary

 SWAP

Decreasing Long

87,139

1.3653 GBP

1p ordinary

 CFD

Decreasing Short

700

1.3803 GBP

1p ordinary

 CFD

Decreasing Short

1,033

1.3706 GBP

1p ordinary

 CFD

Decreasing Short

1,500

1.3590 GBP

1p ordinary

 CFD

Decreasing Short

5,234

1.3593 GBP

1p ordinary

 SWAP

Decreasing Short

6,317

1.3722 GBP

1p ordinary

 CFD

Decreasing Short

7,340

1.3635 GBP

1p ordinary

 CFD

Decreasing Short

7,542

1.3819 GBP

1p ordinary

 CFD

Decreasing Short

8,899

1.3954 GBP

1p ordinary

 CFD

Decreasing Short

50,157

1.3698 GBP

1p ordinary

 SWAP

Decreasing Short

59,908

1.3632 GBP

1p ordinary

 SWAP

Increasing Long

27

1.3809 GBP

1p ordinary

 SWAP

Increasing Long

5,543

1.3644 GBP

1p ordinary

 SWAP

Increasing Long

10,479

1.3699 GBP

1p ordinary

 SWAP

Increasing Long

13,464

1.3620 GBP

1p ordinary

 SWAP

Increasing Long

21,338

1.3839 GBP

1p ordinary

 SWAP

Increasing Long

23,261

1.3648 GBP

1p ordinary

 SWAP

Increasing Long

25,061

1.3815 GBP

1p ordinary

 SWAP

Increasing Long

27,740

1.3795 GBP

1p ordinary

 SWAP

Increasing Long

45,670

1.3819 GBP

1p ordinary

 SWAP

Increasing Long

46,399

1.3673 GBP

1p ordinary

 SWAP

Increasing Long

76,763

1.3813 GBP

1p ordinary

 SWAP

Increasing Long

117,032

1.3630 GBP

1p ordinary

 SWAP

Increasing Long

1,149,870

1.3820 GBP

1p ordinary

 SWAP

Increasing Short

11,775

1.3644 GBP

1p ordinary

 SWAP

Opening Long

2,188

1.3818 GBP

1p ordinary

 SWAP

Opening Long

14,977

1.3626 GBP

1p ordinary

 SWAP

Opening Short

1,149,870

1.3820 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:

23 Jun 2022

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213