Form 8.5 EPT/Non RI SCHRODERS PLC Replacement

FORM 8.5 (EPT/NON-RI)

Amendment - this form replaces RNS number 1564T published at 08:39 on 16/02/2026, changes made to section 2A,3A

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:

13 Feb 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:

14,772,463

0.91%

3,389,767

0.21%

(2)

Cash-settled derivatives:

and/or controlled:

2,029,715

0.13%

12,549,551

0.78%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

16,802,178

1.04%

15,939,318

0.99%

(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

12,312,081

5.8780 GBP

5.8429 GBP

20p ordinary

Sale

2,303,205

5.8805 GBP

5.8450 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

Opening Short

3,649,494

5.8458 GBP

20p ordinary

SWAP

Increasing Short

13,291

5.8529 GBP

20p ordinary

SWAP

Increasing Short

7,935

5.8530 GBP

20p ordinary

SWAP

Decreasing Short

8,750

5.8464 GBP

20p ordinary

SWAP

Decreasing Short

5,945

5.8471 GBP

20p ordinary

SWAP

Decreasing Short

4,530

5.8473 GBP

20p ordinary

SWAP

Decreasing Short

1,158

5.8511 GBP

20p ordinary

SWAP

Decreasing Short

15,192

5.8513 GBP

20p ordinary

SWAP

Decreasing Short

39,750

5.8515 GBP

20p ordinary

SWAP

Decreasing Short

60,422

5.8516 GBP

20p ordinary

SWAP

Decreasing Short

26,830

5.8522 GBP

20p ordinary

SWAP

Decreasing Short

3,585

5.8526 GBP

20p ordinary

SWAP

Decreasing Short

72,556

5.8533 GBP

20p ordinary

SWAP

Decreasing Short

16,596

5.8537 GBP

20p ordinary

SWAP

Decreasing Short

10,308

5.8537 USD

20p ordinary

SWAP

Decreasing Short

15,696

5.8538 GBP

20p ordinary

SWAP

Decreasing Short

8,262

5.8538 USD

20p ordinary

SWAP

Decreasing Short

22,533

5.8542 GBP

20p ordinary

SWAP

Opening Long

60,000

5.8545 GBP

20p ordinary

SWAP

Increasing Long

64,855

5.8547 GBP

20p ordinary

SWAP

Increasing Long

140,388

5.8550 GBP

20p ordinary

SWAP

Increasing Long

13,845

5.8551 GBP

20p ordinary

SWAP

Increasing Long

268,884

5.8559 GBP

20p ordinary

SWAP

Increasing Long

1,093

5.8560 GBP

20p ordinary

SWAP

Increasing Long

13,589

5.8561 GBP

20p ordinary

SWAP

Increasing Long

8,344

5.8568 GBP

20p ordinary

SWAP

Increasing Long

8,503

5.8569 GBP

20p ordinary

SWAP

Increasing Long

18,699

5.8574 GBP

20p ordinary

SWAP

Increasing Long

42,155

5.8593 GBP

20p ordinary

SWAP

Increasing Long

326,435

5.8603 GBP

20p ordinary

SWAP

Increasing Long

73,908

5.8615 GBP

20p ordinary

SWAP

Increasing Long

30,633

5.8626 GBP

20p ordinary

SWAP

Increasing Long

1,365

5.8637 GBP

20p ordinary

SWAP

Increasing Long

26,179

5.8660 GBP

20p ordinary

SWAP

Increasing Long

14

5.8723 GBP

20p ordinary

SWAP

Increasing Long

1,385

5.8750 GBP

20p ordinary

SWAP

Decreasing Long

950,000

5.8429 GBP

20p ordinary

SWAP

Opening Short

317,000

5.8457 GBP

20p ordinary

SWAP

Increasing Short

4,544

5.8476 GBP

20p ordinary

SWAP

Increasing Short

2,000,000

5.8479 GBP

20p ordinary

SWAP

Increasing Short

21,540

5.8495 GBP

20p ordinary

SWAP

Increasing Short

3,209

5.8500 GBP

20p ordinary

SWAP

Increasing Short

1,152

5.8507 GBP

20p ordinary

SWAP

Increasing Short

14,853

5.8515 GBP

20p ordinary

SWAP

Increasing Short

114

5.8519 GBP

20p ordinary

SWAP

Increasing Short

69,910

5.8522 GBP

20p ordinary

SWAP

Increasing Short

85,869

5.8523 GBP

20p ordinary

SWAP

Increasing Short

2,016

5.8524 GBP

20p ordinary

SWAP

Increasing Short

596

5.8525 GBP

20p ordinary

SWAP

Increasing Short

24,468

5.8526 GBP

20p ordinary

SWAP

Increasing Short

744,799

5.8529 GBP

20p ordinary

SWAP

Increasing Short

100,084

5.8531 GBP

20p ordinary

SWAP

Increasing Short

22,813

5.8533 GBP

20p ordinary

SWAP

Increasing Short

170,024

5.8534 GBP

20p ordinary

SWAP

Increasing Short

1,578,498

5.8540 GBP

20p ordinary

SWAP

Increasing Short

15,864

5.8544 GBP

20p ordinary

SWAP

Increasing Short

449,921

5.8550 GBP

20p ordinary

SWAP

Increasing Short

177,537

5.8552 GBP

20p ordinary

SWAP

Increasing Short

113,619

5.8553 GBP

20p ordinary

SWAP

Increasing Short

320,000

5.8554 GBP

20p ordinary

SWAP

Increasing Short

387,098

5.8563 GBP

20p ordinary

SWAP

Increasing Short

123,507

5.8565 GBP

20p ordinary

SWAP

Increasing Short

90,000

5.8572 GBP

20p ordinary

SWAP

Increasing Short

6,147

5.8637 GBP

20p ordinary

SWAP

Increasing Short

200,000

5.8641 GBP

20p ordinary

SWAP

Increasing Short

1,706

5.8646 GBP

20p ordinary

SWAP

Increasing Short

9,374

5.8752 GBP

20p ordinary

CFD

Decreasing Short

121,152

5.8498 GBP

20p ordinary

CFD

Decreasing Short

165,726

5.8532 GBP

20p ordinary

CFD

Decreasing Short

4,613

5.8550 GBP

20p ordinary

CFD

Decreasing Short

2,491

5.8594 GBP

20p ordinary

CFD

Decreasing Short

3,004

5.8723 GBP

20p ordinary

CFD

Decreasing Short

24,624

5.8799 GBP

20p ordinary

CFD

Opening Long

1,554,165

5.9141 GBP

20p ordinary

CFD

Decreasing Long

7,667

5.8566 GBP

20p ordinary

CFD

Decreasing Long

11,729

5.8820 GBP

20p ordinary

CFD

Decreasing Long

15,195

5.8829 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:

18 Feb 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213