Form8.5EPT/NonRIACONSORTIUMCOMPRISINGL Replacement

FORM 8.5 (EPT/NON-RI) Amendment this form replaces RNS number 0073N published at 10:57 on 20/07/2026 , changes made to section 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 relevant securities this form relates:

 A CONSORTIUM COMPRISING LONDONMETRIC PROPERTY PLC AND SCHRODER REAL ESTATE INVESTMENT TRUST LIMITED

(c)

Name of the party to the offer with which exempt principal trader is connected

 A CONSORTIUM COMPRISING LONDONMETRIC PROPERTY PLC AND SCHRODER REAL ESTATE INVESTMENT TRUST LIMITED

(d)

Date position held/dealing undertaken:

17 Jul 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 the offer?

YES: PICTON PROPERTY INCOME LIMITED

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:

LondonMetric Property plc 10p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

17,270,146

0.73%

6,010,628

0.26%

(2) Cash-settled derivatives:

7,230,119

0.31%

14,332,758

0.61%

(3) Stock-settled derivatives (including options) and agreements to purchase/sell: 

0

0.00%

0

0.00%

TOTAL: 

24,500,265

1.04%

20,343,386

0.87%

Class of relevant security:

Schroder Real Estate Investment Trust Limited ordinary NPV

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

1,494,751

0.31%

111,494

0.02%

(2) Cash-settled derivatives:

111,414

0.02%

1,437,657

0.29%

(3) Stock-settled derivatives (including options) and agreements to purchase/sell: 

0

0.00%

0

0.00%

TOTAL: 

1,606,165

0.33%

1,549,151

0.32%

(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)

Purchase and sales

Class of relevant security

Purchase/sale

Total number of securities

Highest price per unit paid/received

Lowest price per unit paid/received

LondonMetric Property plc 10p ordinary

Purchase

1678375

1.9360 GBP

1.9071 GBP

LondonMetric Property plc 10p ordinary

Sale

1414115

1.9322 GBP

1.9160 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

34328

0.4610 GBP

0.4560 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

38299

0.4605 GBP

0.4525 GBP

(b)

Cash-settled derivative transactions

Class of relevant security

Product description

Nature of dealing

Number of reference securities

Price per unit

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,914

1.9241 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

3,877

1.9304 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

60,345

1.9233 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

17,201

1.9247 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

31,864

1.9284 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

97,838

1.9310 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

14,971

1.9309 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

28,300

1.9278 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

180

1.9310 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

14,688

1.9309 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

5,881

1.9252 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

2,327

1.9289 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

9,263

1.9281 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1,167

1.9304 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

561

1.9241 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

2,365

1.9241 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

2,976

1.9304 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1,606

1.9298 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

962

1.9313 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

908

1.9319 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

3,020

1.9249 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

447

1.9218 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

36,752

1.9301 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

7,879

1.9288 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

38,877

1.9281 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

267

1.9319 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,215

1.9319 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

213

1.9192 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

75,641

1.9310 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

17

1.9160 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

11,710

1.9215 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

6,881

1.9162 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

4,174

1.9170 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

7,531

1.9250 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

101,784

1.9287 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

16,563

1.9220 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

22,790

1.9220 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

110,433

1.9230 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

35,541

1.9252 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

1,875

0.4560 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

1,355

0.4560 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

2,313

0.4560 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

1,075

0.4586 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

4,012

0.4600 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Closing Short

1

0.4500 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

8,650

0.4599 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

483

0.4560 GBP

(c)

Stock-settled derivative transactions (including options)

(i)

Writing, selling, purchasing or varying

Class of relevant security

Product description

Writing, purchasing, selling, varying etc

Number of securities to which option relates

Exercise price per unit

Type

Expiry date

Option money paid/ received per unit

(ii)

Exercising

Class of relevant security

Product description

Exercising/ exercised against

Number of securities

Exercise price per unit

(d)

Other dealings (including subscribing for new securities)

Class of relevant security

Nature of Dealings

Details

Price per unit (if 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:

21-Jul-26

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213