2nd Feb 2026 14:58
AMENDMENT(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: | 29 January 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 | SALES | 1,162,667 | 4.1840 GBP | 4.0980 GBP |
25p ordinary | PURCHASES | 1,158,662 | 4.1860 GBP | 4.0940 GBP |
25p ordinary | PURCHASES | 14,051 | 5.7178 USD | 5.7121 USD |
25p ordinary | SALES | 14,046 | 5.7178 USD | 5.7178 USD |
(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 | 169 | 4.1230 GBP |
25p ordinary | CFD | increasing a long position | 85 | 4.1255 GBP |
25p ordinary | CFD | increasing a long position | 21,000 | 4.1259 GBP |
25p ordinary | CFD | increasing a long position | 2,368 | 4.1275 GBP |
25p ordinary | CFD | increasing a long position | 3,959 | 4.1275 GBP |
25p ordinary | CFD | increasing a long position | 7,014 | 4.1275 GBP |
25p ordinary | CFD | increasing a long position | 2,733 | 4.1275 GBP |
25p ordinary | CFD | increasing a long position | 5,489 | 4.1275 GBP |
25p ordinary | CFD | increasing a long position | 11,387 | 4.1275 GBP |
25p ordinary | CFD | increasing a long position | 3,644 | 4.1275 GBP |
25p ordinary | CFD | increasing a long position | 2,050 | 4.1275 GBP |
25p ordinary | CFD | increasing a long position | 1,776 | 4.1275 GBP |
25p ordinary | CFD | increasing a long position | 5,432 | 4.1275 GBP |
25p ordinary | CFD | increasing a long position | 18,135 | 4.1275 GBP |
25p ordinary | CFD | increasing a long position | 36 | 4.1286 GBP |
25p ordinary | CFD | increasing a long position | 792 | 4.1290 GBP |
25p ordinary | CFD | increasing a long position | 370 | 4.1291 GBP |
25p ordinary | CFD | increasing a long position | 198 | 4.1295 GBP |
25p ordinary | CFD | increasing a long position | 144 | 4.1295 GBP |
25p ordinary | CFD | increasing a long position | 200 | 4.1295 GBP |
25p ordinary | CFD | increasing a long position | 99 | 4.1295 GBP |
25p ordinary | CFD | increasing a long position | 65 | 4.1295 GBP |
25p ordinary | CFD | increasing a long position | 414 | 4.1295 GBP |
25p ordinary | CFD | increasing a long position | 75 | 4.1295 GBP |
25p ordinary | CFD | increasing a long position | 133 | 4.1295 GBP |
25p ordinary | CFD | increasing a long position | 42,000 | 4.1298 GBP |
25p ordinary | CFD | increasing a long position | 11,956 | 4.1335 GBP |
25p ordinary | CFD | increasing a long position | 3,826 | 4.1335 GBP |
25p ordinary | CFD | increasing a long position | 5,763 | 4.1335 GBP |
25p ordinary | CFD | increasing a long position | 2,487 | 4.1335 GBP |
25p ordinary | CFD | increasing a long position | 2,870 | 4.1335 GBP |
25p ordinary | CFD | increasing a long position | 7,365 | 4.1335 GBP |
25p ordinary | CFD | increasing a long position | 2,152 | 4.1335 GBP |
25p ordinary | CFD | increasing a long position | 1,865 | 4.1335 GBP |
25p ordinary | CFD | increasing a long position | 4,157 | 4.1335 GBP |
25p ordinary | CFD | increasing a long position | 5,703 | 4.1335 GBP |
25p ordinary | CFD | increasing a long position | 19,042 | 4.1335 GBP |
25p ordinary | CFD | increasing a long position | 28 | 4.1343 GBP |
25p ordinary | CFD | increasing a long position | 11,853 | 4.1356 GBP |
25p ordinary | CFD | increasing a long position | 1,548 | 4.1356 GBP |
25p ordinary | CFD | increasing a long position | 4,585 | 4.1356 GBP |
25p ordinary | CFD | increasing a long position | 3,587 | 4.1356 GBP |
25p ordinary | CFD | increasing a long position | 1,340 | 4.1356 GBP |
25p ordinary | CFD | increasing a long position | 1,786 | 4.1356 GBP |
25p ordinary | CFD | increasing a long position | 2,382 | 4.1356 GBP |
25p ordinary | CFD | increasing a long position | 7,443 | 4.1356 GBP |
25p ordinary | CFD | increasing a long position | 3,550 | 4.1356 GBP |
25p ordinary | CFD | increasing a long position | 1,160 | 4.1356 GBP |
25p ordinary | CFD | increasing a long position | 2,588 | 4.1356 GBP |
25p ordinary | CFD | increasing a long position | 328 | 4.1374 GBP |
25p ordinary | CFD | increasing a long position | 2,860 | 4.1395 GBP |
25p ordinary | CFD | increasing a long position | 915 | 4.1395 GBP |
25p ordinary | CFD | increasing a long position | 446 | 4.1395 GBP |
25p ordinary | CFD | increasing a long position | 515 | 4.1395 GBP |
25p ordinary | CFD | increasing a long position | 1,364 | 4.1395 GBP |
25p ordinary | CFD | increasing a long position | 4,556 | 4.1395 GBP |
25p ordinary | CFD | increasing a long position | 595 | 4.1395 GBP |
25p ordinary | CFD | increasing a long position | 1,762 | 4.1395 GBP |
25p ordinary | CFD | increasing a long position | 995 | 4.1395 GBP |
25p ordinary | CFD | increasing a long position | 1,379 | 4.1395 GBP |
25p ordinary | CFD | increasing a long position | 686 | 4.1395 GBP |
25p ordinary | CFD | increasing a long position | 14,226 | 4.1409 GBP |
25p ordinary | CFD | increasing a long position | 149 | 4.1416 GBP |
25p ordinary | CFD | increasing a long position | 4,041 | 4.1418 GBP |
25p ordinary | CFD | increasing a long position | 1,976 | 4.1444 GBP |
25p ordinary | CFD | increasing a long position | 228 | 4.1478 GBP |
25p ordinary | CFD | increasing a long position | 256 | 4.1498 GBP |
25p ordinary | CFD | increasing a long position | 296 | 4.1498 GBP |
25p ordinary | CFD | increasing a long position | 686 | 4.1498 GBP |
25p ordinary | CFD | increasing a long position | 1,423 | 4.1498 GBP |
25p ordinary | CFD | increasing a long position | 2,266 | 4.1498 GBP |
25p ordinary | CFD | increasing a long position | 29,462 | 4.1499 GBP |
25p ordinary | CFD | increasing a long position | 341 | 4.1499 GBP |
25p ordinary | CFD | increasing a long position | 495 | 4.1499 GBP |
25p ordinary | CFD | increasing a long position | 876 | 4.1499 GBP |
25p ordinary | CFD | increasing a long position | 2,806 | 4.1513 GBP |
25p ordinary | CFD | increasing a long position | 127 | 4.1519 GBP |
25p ordinary | CFD | increasing a long position | 193 | 4.1520 GBP |
25p ordinary | CFD | increasing a long position | 21 | 4.1536 GBP |
25p ordinary | CFD | increasing a long position | 953 | 4.1539 GBP |
25p ordinary | CFD | increasing a long position | 1,367 | 4.1539 GBP |
25p ordinary | CFD | increasing a long position | 7 | 4.1540 GBP |
25p ordinary | CFD | increasing a long position | 4,863 | 4.1540 GBP |
25p ordinary | CFD | increasing a long position | 4,923 | 4.1540 GBP |
25p ordinary | CFD | increasing a long position | 43,291 | 4.1560 GBP |
25p ordinary | CFD | increasing a long position | 200 | 4.1574 GBP |
25p ordinary | CFD | increasing a long position | 28,126 | 4.1574 GBP |
25p ordinary | CFD | increasing a long position | 102 | 4.1575 GBP |
25p ordinary | CFD | increasing a long position | 1,647 | 4.1599 GBP |
25p ordinary | CFD | increasing a long position | 1,078 | 4.1599 GBP |
25p ordinary | CFD | increasing a long position | 3,272 | 4.1600 GBP |
25p ordinary | CFD | increasing a long position | 1,553 | 4.1708 GBP |
25p ordinary | CFD | increasing a long position | 451 | 4.1732 GBP |
25p ordinary | CFD | increasing a short position | 1,970 | 4.1098 GBP |
25p ordinary | CFD | increasing a short position | 7,537 | 4.1255 GBP |
25p ordinary | CFD | increasing a short position | 483 | 4.1300 GBP |
25p ordinary | CFD | increasing a short position | 65,685 | 4.1392 GBP |
25p ordinary | CFD | increasing a short position | 2,643 | 4.1488 GBP |
25p ordinary | CFD | increasing a short position | 4 | 4.1525 GBP |
25p ordinary | CFD | increasing a short position | 53,588 | 4.1540 GBP |
25p ordinary | CFD | increasing a short position | 172 | 4.1540 GBP |
25p ordinary | CFD | increasing a short position | 26,719 | 4.1540 GBP |
25p ordinary | CFD | increasing a short position | 7,315 | 4.1546 GBP |
25p ordinary | CFD | increasing a short position | 572 | 4.1578 GBP |
25p ordinary | CFD | increasing a short position | 517 | 4.1578 GBP |
25p ordinary | CFD | increasing a short position | 171 | 4.1578 GBP |
25p ordinary | CFD | increasing a short position | 2,239 | 4.1578 GBP |
25p ordinary | CFD | increasing a short position | 47,267 | 4.1582 GBP |
25p ordinary | CFD | increasing a short position | 10,867 | 4.1588 GBP |
25p ordinary | CFD | increasing a short position | 15,104 | 4.1593 GBP |
25p ordinary | CFD | increasing a short position | 49 | 4.1640 GBP |
25p ordinary | CFD | reducing a long position | 29,049 | 4.1064 GBP |
25p ordinary | CFD | reducing a long position | 15,437 | 4.1064 GBP |
25p ordinary | CFD | reducing a long position | 9,228 | 4.1263 GBP |
25p ordinary | CFD | reducing a long position | 23 | 4.1280 GBP |
25p ordinary | CFD | reducing a long position | 9,597 | 4.1302 GBP |
25p ordinary | CFD | reducing a long position | 1,287 | 4.1364 GBP |
25p ordinary | CFD | reducing a long position | 573 | 4.1389 GBP |
25p ordinary | CFD | reducing a long position | 8,465 | 4.1392 GBP |
25p ordinary | CFD | reducing a long position | 31,726 | 4.1401 GBP |
25p ordinary | CFD | reducing a long position | 27,462 | 4.1421 GBP |
25p ordinary | CFD | reducing a long position | 5 | 4.1432 GBP |
25p ordinary | CFD | reducing a long position | 9,331 | 4.1459 GBP |
25p ordinary | CFD | reducing a long position | 193 | 4.1480 GBP |
25p ordinary | CFD | reducing a long position | 127 | 4.1481 GBP |
25p ordinary | CFD | reducing a long position | 16,713 | 4.1484 GBP |
25p ordinary | CFD | reducing a long position | 23,041 | 4.1503 GBP |
25p ordinary | CFD | reducing a long position | 14,495 | 4.1508 GBP |
25p ordinary | CFD | reducing a long position | 47,013 | 4.1525 GBP |
25p ordinary | CFD | reducing a long position | 2,139 | 4.1531 GBP |
25p ordinary | CFD | reducing a long position | 4,078 | 4.1532 GBP |
25p ordinary | CFD | reducing a long position | 2 | 4.1540 GBP |
25p ordinary | CFD | reducing a long position | 65 | 4.1543 GBP |
25p ordinary | CFD | reducing a long position | 122 | 4.1543 GBP |
25p ordinary | CFD | reducing a long position | 351 | 4.1553 GBP |
25p ordinary | CFD | reducing a long position | 12,833 | 4.1560 GBP |
25p ordinary | CFD | reducing a long position | 1,138 | 4.1564 GBP |
25p ordinary | CFD | reducing a long position | 4,840 | 4.1585 GBP |
25p ordinary | CFD | reducing a long position | 11,382 | 4.1608 GBP |
25p ordinary | CFD | reducing a short position | 3,713 | 4.1241 GBP |
25p ordinary | CFD | reducing a short position | 65,685 | 4.1499 GBP |
25p ordinary | CFD | reducing a short position | 409 | 4.1540 GBP |
25p ordinary | CFD | reducing a short position | 28,681 | 4.1540 GBP |
25p ordinary | CFD | reducing a short position | 227 | 4.1540 GBP |
25p ordinary | CFD | reducing a short position | 483 | 4.1540 GBP |
25p ordinary | CFD | reducing a short position | 17,116 | 4.1557 GBP |
25p ordinary | CFD | reducing a short position | 3,152 | 4.1588 GBP |
25p ordinary | CFD | reducing a short position | 1,114 | 4.1821 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: | 02 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