Form 8.5 EPT/Non RI URBAN LOGISTICS 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

URBAN LOGISTICS REIT 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:

09 May 2025

(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?

LONDONMETRIC PROPERTY 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:

6,688,539

1.44%

5,976,217

1.28%

(2)

Cash-settled derivatives:

and/or controlled:

5,448,656

1.17%

6,154,279

1.32%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

12,137,195

2.61%

12,130,496

2.61%

(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

2,560,517

1.5260 GBP

1.4680 GBP

1p ordinary

Sale

12,143,859

1.5260 GBP

1.4552 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 Short

3,000,000

1.4552 GBP

1p ordinary

SWAP

Decreasing Short

3,000,000

1.4992 GBP

1p ordinary

SWAP

Decreasing Short

6,700

1.5001 GBP

1p ordinary

SWAP

Decreasing Short

24,750

1.5055 GBP

1p ordinary

SWAP

Decreasing Short

30,327

1.5061 GBP

1p ordinary

SWAP

Decreasing Short

673,846

1.5075 GBP

1p ordinary

SWAP

Decreasing Short

12,500

1.5077 GBP

1p ordinary

SWAP

Decreasing Short

1,825,628

1.5080 GBP

1p ordinary

SWAP

Decreasing Short

492,247

1.5082 GBP

1p ordinary

SWAP

Decreasing Short

14,500

1.5085 GBP

1p ordinary

SWAP

Decreasing Short

118,964

1.5090 GBP

1p ordinary

SWAP

Decreasing Short

42,726

1.5092 GBP

1p ordinary

SWAP

Decreasing Short

73,219

1.5095 GBP

1p ordinary

SWAP

Decreasing Short

32,791

1.5099 GBP

1p ordinary

SWAP

Decreasing Short

529,109

1.5101 GBP

1p ordinary

SWAP

Decreasing Short

10,634

1.5109 GBP

1p ordinary

SWAP

Decreasing Short

349,489

1.5113 GBP

1p ordinary

SWAP

Decreasing Short

41,083

1.5115 GBP

1p ordinary

SWAP

Decreasing Short

40,400

1.5118 GBP

1p ordinary

SWAP

Decreasing Short

14,054

1.5125 GBP

1p ordinary

SWAP

Decreasing Short

8,900

1.5135 GBP

1p ordinary

SWAP

Decreasing Short

5,600

1.5140 GBP

1p ordinary

SWAP

Decreasing Short

29,900

1.5155 GBP

1p ordinary

SWAP

Decreasing Short

23,975

1.5164 GBP

1p ordinary

SWAP

Decreasing Short

29,000

1.5165 GBP

1p ordinary

SWAP

Decreasing Short

301,634

1.5171 GBP

1p ordinary

SWAP

Decreasing Short

69,000

1.5175 GBP

1p ordinary

SWAP

Opening Long

42,300

1.5176 GBP

1p ordinary

SWAP

Increasing Long

193,405

1.5177 GBP

1p ordinary

SWAP

Increasing Long

16,831

1.5181 GBP

1p ordinary

SWAP

Increasing Long

356,456

1.5183 GBP

1p ordinary

SWAP

Increasing Long

10,900

1.5185 GBP

1p ordinary

SWAP

Increasing Long

110,900

1.5195 GBP

1p ordinary

SWAP

Increasing Long

3,047

1.5203 GBP

1p ordinary

SWAP

Increasing Long

32,916

1.5210 GBP

1p ordinary

SWAP

Increasing Long

29,500

1.5215 GBP

1p ordinary

SWAP

Increasing Long

4,306

1.5218 GBP

1p ordinary

SWAP

Increasing Long

1,564

1.5221 GBP

1p ordinary

SWAP

Increasing Long

36,500

1.5225 GBP

1p ordinary

SWAP

Increasing Long

59,850

1.5230 GBP

1p ordinary

SWAP

Increasing Long

26,700

1.5235 GBP

1p ordinary

SWAP

Increasing Long

30,700

1.5236 GBP

1p ordinary

SWAP

Increasing Long

2,524

1.5239 GBP

1p ordinary

SWAP

Increasing Long

2,558

1.5240 GBP

1p ordinary

SWAP

Decreasing Long

2,298

1.5097 GBP

1p ordinary

SWAP

Decreasing Long

2,175

1.5099 GBP

1p ordinary

SWAP

Decreasing Long

29,414

1.5100 GBP

1p ordinary

SWAP

Decreasing Long

90,874

1.5115 GBP

1p ordinary

SWAP

Decreasing Long

165

1.5120 GBP

1p ordinary

SWAP

Decreasing Long

94,212

1.5140 GBP

1p ordinary

SWAP

Decreasing Long

522,519

1.5141 GBP

1p ordinary

SWAP

Decreasing Long

1,912

1.5147 GBP

1p ordinary

SWAP

Decreasing Long

4,300

1.5152 GBP

1p ordinary

SWAP

Decreasing Long

9,510

1.5162 GBP

1p ordinary

SWAP

Decreasing Long

2,596

1.5173 GBP

1p ordinary

SWAP

Decreasing Long

9,704

1.5183 GBP

1p ordinary

SWAP

Decreasing Long

1,607

1.5193 GBP

1p ordinary

SWAP

Decreasing Long

1,957

1.5200 GBP

1p ordinary

SWAP

Decreasing Long

13,535

1.5234 GBP

1p ordinary

SWAP

Decreasing Long

2,464

1.5240 GBP

1p ordinary

CFD

Increasing Long

1,834

1.5119 GBP

1p ordinary

CFD

Decreasing Long

366,458

1.5126 GBP

1p ordinary

CFD

Opening Short

855,920

1.5139 GBP

1p ordinary

CFD

Increasing Short

46,895

1.5192 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:

12 May 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213