Form 8.5 EPT/Non RI SCHRODERS 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

SCHRODERS PLC

relevant securities this form relates:

(c)

Name of the party to the offer with which exempt

SCHRODERS PLC

principal trader is connected

(d)

Date position held/dealing undertaken:

23 Apr 2026

(e)

In addition to the company in 1(b) above, is the exempt principal

NO

trader making disclosures in respect of any other party to the offer?

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:

20p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1)

Relevant securities owned

and/or controlled:

38,653,628

2.40%

1,148,859

0.07%

(2)

Cash-settled derivatives:

and/or controlled:

3,350

0.00%

37,073,870

2.30%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

38,656,978

2.40%

38,222,729

2.37%

(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

20p ordinary

Purchase

737,968

5.7916 GBP

5.7848 GBP

20p ordinary

Sale

703,530

5.7943 GBP

5.7850 GBP

(b)

Cash-settled derivative transactions

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

reference

unit

security

securities

20p ordinary

SWAP

Decreasing Short

106,361

5.7850 GBP

20p ordinary

SWAP

Decreasing Short

1,902

5.7851 GBP

20p ordinary

SWAP

Decreasing Short

14,749

5.7852 GBP

20p ordinary

SWAP

Decreasing Short

55,101

5.7853 GBP

20p ordinary

SWAP

Decreasing Short

23,297

5.7875 GBP

20p ordinary

SWAP

Decreasing Short

3,454

5.7894 GBP

20p ordinary

SWAP

Decreasing Short

469

5.7895 GBP

20p ordinary

SWAP

Decreasing Short

6,699

5.7899 GBP

20p ordinary

SWAP

Decreasing Short

279

5.7900 GBP

20p ordinary

SWAP

Decreasing Short

48

5.7935 GBP

20p ordinary

SWAP

Increasing Short

113,292

5.7850 GBP

20p ordinary

SWAP

Increasing Short

1,760

5.7852 GBP

20p ordinary

SWAP

Increasing Short

2,547

5.7864 GBP

20p ordinary

SWAP

Increasing Short

99,263

5.7871 GBP

20p ordinary

SWAP

Increasing Short

982

5.7872 GBP

20p ordinary

SWAP

Increasing Short

9,159

5.7873 GBP

20p ordinary

SWAP

Increasing Short

20,000

5.7879 GBP

20p ordinary

SWAP

Increasing Short

386

5.7887 GBP

20p ordinary

SWAP

Increasing Short

20,000

5.7900 GBP

20p ordinary

SWAP

Increasing Short

23,441

5.7908 GBP

20p ordinary

CFD

Decreasing Short

59,914

5.7861 GBP

20p ordinary

CFD

Decreasing Short

947

5.7883 GBP

20p ordinary

CFD

Increasing Short

7,160

5.7890 GBP

20p ordinary

CFD

Increasing Short

126

5.7903 GBP

20p ordinary

CFD

Increasing Short

9,485

5.7904 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:

24 Apr 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213