4th Feb 2026 15:53
AMENDMENT(2(a), 2(b))
FORM 8.5 (EPT/RI)
PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY
Rule 8.5 of the Takeover Code (the "Code")
1. KEY INFORMATION
(a) Name of exempt principal trader: | Morgan Stanley & Co. International plc |
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | British Land Company plc, The |
(c) Name of the party to the offer with which exempt principal trader is connected: | British Land Company plc, The |
(d) Date dealing undertaken: | 02 February 2026 |
(e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer? If it is a cash offer or possible cash offer, state "N/A" | YES - Life Science REIT plc |
2. DEALINGS BY THE EXEMPT PRINCIPAL TRADER
Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.
The currency of all prices and other monetary amounts should be stated.
(a) Purchases and sales
Class of relevant security | Purchases/ sales
| Total number of securities | Highest price per unit paid/received | Lowest price per unit paid/received |
25p ordinary | PURCHASES | 990,273 | 4.1920 GBP | 4.1435 GBP |
25p ordinary | SALES | 841,269 | 4.1920 GBP | 4.1432 GBP |
(b) Cash-settled derivative transactions
Class of relevant security | Product description e.g. CFD | Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position | Number of reference securities | Price per unit |
25p ordinary | CFD | increasing a long position | 18,613 | 4.1432 GBP |
25p ordinary | CFD | increasing a long position | 181 | 4.1440 GBP |
25p ordinary | CFD | increasing a long position | 8 | 4.1440 GBP |
25p ordinary | CFD | increasing a long position | 22,377 | 4.1453 GBP |
25p ordinary | CFD | increasing a long position | 546 | 4.1496 GBP |
25p ordinary | CFD | increasing a long position | 7,511 | 4.1500 GBP |
25p ordinary | CFD | increasing a long position | 10,447 | 4.1500 GBP |
25p ordinary | CFD | increasing a long position | 1,027 | 4.1500 GBP |
25p ordinary | CFD | increasing a long position | 6,711 | 4.1500 GBP |
25p ordinary | CFD | increasing a long position | 125 | 4.1505 GBP |
25p ordinary | CFD | increasing a long position | 444 | 4.1505 GBP |
25p ordinary | CFD | increasing a long position | 608 | 4.1505 GBP |
25p ordinary | CFD | increasing a long position | 4,400 | 4.1518 GBP |
25p ordinary | CFD | increasing a long position | 311 | 4.1540 GBP |
25p ordinary | CFD | increasing a long position | 169 | 4.1541 GBP |
25p ordinary | CFD | increasing a long position | 33,767 | 4.1556 GBP |
25p ordinary | CFD | increasing a long position | 925 | 4.1582 GBP |
25p ordinary | CFD | increasing a long position | 168 | 4.1582 GBP |
25p ordinary | CFD | increasing a long position | 1,386 | 4.1583 GBP |
25p ordinary | CFD | increasing a long position | 10,178 | 4.1593 GBP |
25p ordinary | CFD | increasing a long position | 4,309 | 4.1600 GBP |
25p ordinary | CFD | increasing a long position | 888 | 4.1600 GBP |
25p ordinary | CFD | increasing a long position | 4,751 | 4.1637 GBP |
25p ordinary | CFD | increasing a long position | 13,590 | 4.1655 GBP |
25p ordinary | CFD | increasing a long position | 23,561 | 4.1655 GBP |
25p ordinary | CFD | increasing a long position | 4,277 | 4.1655 GBP |
25p ordinary | CFD | increasing a long position | 1,083 | 4.1655 GBP |
25p ordinary | CFD | increasing a long position | 3,347 | 4.1655 GBP |
25p ordinary | CFD | increasing a long position | 2,059 | 4.1655 GBP |
25p ordinary | CFD | increasing a long position | 6,944 | 4.1655 GBP |
25p ordinary | CFD | increasing a long position | 2,222 | 4.1655 GBP |
25p ordinary | CFD | increasing a long position | 1,666 | 4.1655 GBP |
25p ordinary | CFD | increasing a long position | 1,250 | 4.1655 GBP |
25p ordinary | CFD | increasing a long position | 3,312 | 4.1656 GBP |
25p ordinary | CFD | increasing a long position | 1,739 | 4.1660 GBP |
25p ordinary | CFD | increasing a long position | 1,957 | 4.1660 GBP |
25p ordinary | CFD | increasing a long position | 4,585 | 4.1700 GBP |
25p ordinary | CFD | increasing a long position | 678 | 4.1700 GBP |
25p ordinary | CFD | increasing a long position | 4,001 | 4.1700 GBP |
25p ordinary | CFD | increasing a long position | 9,762 | 4.1710 GBP |
25p ordinary | CFD | increasing a long position | 44 | 4.1710 GBP |
25p ordinary | CFD | increasing a long position | 330 | 4.1720 GBP |
25p ordinary | CFD | increasing a long position | 16 | 4.1720 GBP |
25p ordinary | CFD | increasing a long position | 295 | 4.1720 GBP |
25p ordinary | CFD | increasing a long position | 15,080 | 4.1744 GBP |
25p ordinary | CFD | increasing a long position | 3,736 | 4.1782 GBP |
25p ordinary | CFD | increasing a short position | 1,358 | 4.1440 GBP |
25p ordinary | CFD | increasing a short position | 260 | 4.1440 GBP |
25p ordinary | CFD | increasing a short position | 467 | 4.1440 GBP |
25p ordinary | CFD | increasing a short position | 3,552 | 4.1440 GBP |
25p ordinary | CFD | increasing a short position | 26,154 | 4.1440 GBP |
25p ordinary | CFD | increasing a short position | 7,653 | 4.1476 GBP |
25p ordinary | CFD | increasing a short position | 2,943 | 4.1496 GBP |
25p ordinary | CFD | increasing a short position | 31,100 | 4.1540 GBP |
25p ordinary | CFD | increasing a short position | 12,479 | 4.1560 GBP |
25p ordinary | CFD | increasing a short position | 14 | 4.1600 GBP |
25p ordinary | CFD | increasing a short position | 2 | 4.1625 GBP |
25p ordinary | CFD | increasing a short position | 25 | 4.1625 GBP |
25p ordinary | CFD | increasing a short position | 38,786 | 4.1633 GBP |
25p ordinary | CFD | increasing a short position | 6 | 4.1642 GBP |
25p ordinary | CFD | increasing a short position | 3,477 | 4.1673 GBP |
25p ordinary | CFD | increasing a short position | 15,011 | 4.1683 GBP |
25p ordinary | CFD | increasing a short position | 214 | 4.1700 GBP |
25p ordinary | CFD | increasing a short position | 3,653 | 4.1710 GBP |
25p ordinary | CFD | increasing a short position | 3,439 | 4.1730 GBP |
25p ordinary | CFD | reducing a long position | 4,004 | 4.1440 GBP |
25p ordinary | CFD | reducing a long position | 172 | 4.1440 GBP |
25p ordinary | CFD | reducing a long position | 23,190 | 4.1440 GBP |
25p ordinary | CFD | reducing a long position | 381 | 4.1440 GBP |
25p ordinary | CFD | reducing a long position | 2 | 4.1440 GBP |
25p ordinary | CFD | reducing a long position | 14,366 | 4.1440 GBP |
25p ordinary | CFD | reducing a long position | 3,840 | 4.1482 GBP |
25p ordinary | CFD | reducing a long position | 2,456 | 4.1482 GBP |
25p ordinary | CFD | reducing a long position | 28,179 | 4.1500 GBP |
25p ordinary | CFD | reducing a long position | 5,198 | 4.1537 GBP |
25p ordinary | CFD | reducing a long position | 10,578 | 4.1538 GBP |
25p ordinary | CFD | reducing a long position | 441 | 4.1544 GBP |
25p ordinary | CFD | reducing a long position | 1,185 | 4.1563 GBP |
25p ordinary | CFD | reducing a long position | 41,590 | 4.1572 GBP |
25p ordinary | CFD | reducing a long position | 1 | 4.1580 GBP |
25p ordinary | CFD | reducing a long position | 13,306 | 4.1585 GBP |
25p ordinary | CFD | reducing a long position | 14,080 | 4.1585 GBP |
25p ordinary | CFD | reducing a long position | 1 | 4.1600 GBP |
25p ordinary | CFD | reducing a long position | 6,153 | 4.1600 GBP |
25p ordinary | CFD | reducing a long position | 294 | 4.1609 GBP |
25p ordinary | CFD | reducing a long position | 27,249 | 4.1633 GBP |
25p ordinary | CFD | reducing a long position | 1,491 | 4.1633 GBP |
25p ordinary | CFD | reducing a long position | 256 | 4.1638 GBP |
25p ordinary | CFD | reducing a long position | 41,517 | 4.1656 GBP |
25p ordinary | CFD | reducing a long position | 190 | 4.1659 GBP |
25p ordinary | CFD | reducing a long position | 290 | 4.1659 GBP |
25p ordinary | CFD | reducing a long position | 7,511 | 4.1660 GBP |
25p ordinary | CFD | reducing a long position | 1,612 | 4.1665 GBP |
25p ordinary | CFD | reducing a long position | 36,250 | 4.1667 GBP |
25p ordinary | CFD | reducing a long position | 383 | 4.1667 GBP |
25p ordinary | CFD | reducing a long position | 1,532 | 4.1669 GBP |
25p ordinary | CFD | reducing a long position | 716 | 4.1672 GBP |
25p ordinary | CFD | reducing a long position | 3,475 | 4.1679 GBP |
25p ordinary | CFD | reducing a long position | 6,538 | 4.1680 GBP |
25p ordinary | CFD | reducing a long position | 8,075 | 4.1700 GBP |
25p ordinary | CFD | reducing a long position | 1,027 | 4.1700 GBP |
25p ordinary | CFD | reducing a long position | 6,153 | 4.1710 GBP |
25p ordinary | CFD | reducing a long position | 1,452 | 4.1731 GBP |
25p ordinary | CFD | reducing a long position | 163 | 4.1745 GBP |
25p ordinary | CFD | reducing a short position | 6,685 | 4.1440 GBP |
25p ordinary | CFD | reducing a short position | 322 | 4.1440 GBP |
25p ordinary | CFD | reducing a short position | 31,441 | 4.1440 GBP |
25p ordinary | CFD | reducing a short position | 1 | 4.1440 GBP |
25p ordinary | CFD | reducing a short position | 8,218 | 4.1459 GBP |
25p ordinary | CFD | reducing a short position | 2,483 | 4.1500 GBP |
25p ordinary | CFD | reducing a short position | 78 | 4.1580 GBP |
25p ordinary | CFD | reducing a short position | 956 | 4.1600 GBP |
25p ordinary | CFD | reducing a short position | 2,172 | 4.1603 GBP |
25p ordinary | CFD | reducing a short position | 21,415 | 4.1611 GBP |
25p ordinary | CFD | reducing a short position | 38,669 | 4.1639 GBP |
25p ordinary | CFD | reducing a short position | 7,550 | 4.1659 GBP |
25p ordinary | CFD | reducing a short position | 3,815 | 4.1660 GBP |
25p ordinary | CFD | reducing a short position | 52 | 4.1700 GBP |
(c) Stock-settled derivative transactions (including options)
(i) Writing, selling, purchasing or varying
Class of relevant security | Product description e.g. call option | Writing, purchasing, selling, varying etc. | Number of securities to which option relates | Exercise price per unit | Type e.g. American, European etc. | Expiry date | Option money paid/ received per unit |
N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
(ii) Exercise
Class of relevant security | Product description e.g. call option | Exercising/ exercised against | Number of securities | Exercise price per unit |
N/A | N/A | N/A | N/A | N/A |
(d) Other dealings (including subscribing for new securities)
Class of relevant security | Nature of dealing e.g. subscription, conversion | Details | Price per unit (if applicable) |
N/A | N/A | N/A | N/A |
3. OTHER INFORMATION
(a) Indemnity and other dealing 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: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none" |
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 or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state "none" |
NONE
|
| Date of disclosure: | 04 February 2026 |
| Contact name: | Claire Gordon |
| Telephone number: | +44 141 245-8893 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.
The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
Related Shares:
British Land