Form8.5EPT/NonRIACONSORTIUMCOMPRISINGLONDONMETRICP

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 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:

22 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:

16,919,812

0.72%

6,281,945

0.27%

(2) Cash-settled derivatives:

7,844,350

0.33%

13,868,527

0.59%

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

0

0.00%

0

0.00%

TOTAL: 

24,764,162

1.05%

20,150,472

0.86%

Class of relevant security:

Schroder Real Estate Investment Trust Limited ordinary NPV

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

1,611,042

0.33%

128,180

0.03%

(2) Cash-settled derivatives:

128,168

0.03%

1,570,144

0.32%

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

0

0.00%

0

0.00%

TOTAL: 

1,739,210

0.36%

1,698,324

0.35%

(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

1590463

1.9530 GBP

1.9060 GBP

LondonMetric Property plc 10p ordinary

Sale

1764628

1.9530 GBP

1.9020 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

156509

0.4605 GBP

0.4500 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

49688

0.4591 GBP

0.4552 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

Decreasing Short

28

1.9436 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

2

1.9350 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

3,467

1.9155 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

7,491

1.9394 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

14,348

1.9407 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

39,632

1.9440 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

13,538

1.9459 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,033

1.9140 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Short

5,534

1.9294 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

22,732

1.9294 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,046

1.9261 GBP

LondonMetric Property plc 10p ordinary

CFD

Closing Short

2,877

1.9438 GBP

LondonMetric Property plc 10p ordinary

CFD

Opening Long

27,561

1.9438 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

1,916

1.9138 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

13,448

1.9385 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

5,631

1.9423 GBP

LondonMetric Property plc 10p ordinary

CFD

Opening Short

475,751

1.9440 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

8,177

1.9411 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1,649

1.9408 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

3,004

1.9444 USD

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

9,047

1.9437 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

3,945

1.9488 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

93

1.9433 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

2

1.9350 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

1,307

1.9437 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

3,166

1.9437 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

8

1.9436 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

444

1.9443 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,050

1.9442 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

8

1.9436 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

8,294

1.9432 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

3,269

1.9443 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Short

65,275

1.9436 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

2,024

1.9436 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

115

1.9031 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

6,307

1.9255 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

5,534

1.9107 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

25,959

1.9419 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

1,916

1.9441 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

17,675

1.9437 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

7,314

1.9297 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

3,218

1.9457 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

14

1.9440 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

369

1.9174 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

41

1.9230 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

63,194

1.9407 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

3,086

1.9468 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

2,342

1.9440 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

33,041

1.9354 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

102

1.9440 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

174,515

1.9440 GBP

LondonMetric Property plc 10p ordinary

CFD

Closing Short

247,064

1.9440 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

18,963

1.9415 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

48,171

1.9413 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

128,962

1.9440 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

3,718

1.9506 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

127,033

1.9440 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

127,556

1.9427 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

48,633

1.9420 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

105,328

1.9430 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

230,212

1.9432 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

3,470

1.9496 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

3,702

1.9060 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

44,607

0.4560 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

6,393

0.4560 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

57,792

0.4560 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

2,619

0.4559 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

3,691

0.4605 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

3,313

0.4589 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

1,589

0.4545 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

13,183

0.4591 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:

23 Jul 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213