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:

16 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:

Schroder Real Estate Investment Trust Limited ordinary NPV

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

1,495,562

0.31%

108,334

0.02%

(2) Cash-settled derivatives:

108,334

0.02%

1,432,115

0.29%

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

0

0.00%

0

0.00%

TOTAL: 

1,603,896

0.33%

1,540,449

0.31%

Class of relevant security:

LondonMetric Property plc 10p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

17,052,028

0.73%

6,056,770

0.26%

(2) Cash-settled derivatives:

7,369,478

0.31%

14,206,834

0.60%

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

0

0.00%

0

0.00%

TOTAL: 

24,421,506

1.04%

20,263,604

0.86%

(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

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

113248

0.4565 GBP

0.4490 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

85417

0.4600 GBP

0.4490 GBP

LondonMetric Property plc 10p ordinary

Purchase

5234497

1.8940 GBP

1.8690 GBP

LondonMetric Property plc 10p ordinary

Sale

1315169

1.8940 GBP

1.8702 GBP

(b)

Cash-settled derivative transactions

Class of relevant security

Product description

Nature of dealing

Number of reference securities

Price per unit

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

25,078

0.4565 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

32,641

0.4565 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Short

3,149

0.4527 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Closing Short

1,819

0.4599 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

3,881

0.4524 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

6,881

0.4517 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

2,343

0.4545 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

5,137

0.4510 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

40,098

0.4544 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

1,872

0.4550 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

90

0.4565 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

2,928

0.4515 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

12,373

0.4564 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

845

1.8746 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

4,016

1.8873 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

152,404

1.8874 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

19,239

1.8752 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

128

1.8690 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

273,338

1.8940 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

10,684

1.8891 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

8,787

1.8940 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

162,916

1.8744 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Long

6,177

1.8846 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

52,117

1.8846 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

77,256

1.8938 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

137,657

1.8760 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

58

1.8940 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

2,624

1.8691 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

9,832

1.8856 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

600

1.8775 GBP

LondonMetric Property plc 10p ordinary

CFD

Closing Long

1,073

1.8761 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

70,138

1.8762 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

929,621

1.8932 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

7,880

1.8761 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

5,212

1.8806 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Long

6,549

1.8846 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1,100

1.8873 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

568

1.8944 USD

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

249

1.8746 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,211

1.8746 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

3,859

1.8873 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

4,361

1.8912 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

2,475

1.8754 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

2,037

1.8800 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

100

1.8840 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

2,891

1.8814 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

10,253

1.8748 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

5,543

1.8941 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

103,620

1.8753 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

11

1.8736 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

16,843

1.8759 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

2,979

1.8759 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

4,271

1.8702 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

724

1.8754 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

3,114

1.8754 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

3,966

1.8762 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

135,674

1.8940 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

320

1.8764 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

13,651

1.8731 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

102,777

1.8938 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

85,668

1.8758 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

3,600

1.8742 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

2,669

1.8764 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

3,108

1.8742 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

515,113

1.8751 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

323,104

1.8940 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

21

1.8940 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

5,348

1.8939 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

95,798

1.8757 GBP

LondonMetric Property plc 10p ordinary

CFD

Closing Long

433,700

1.8940 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

79,681

1.8748 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

1,420

1.8734 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

815,161

1.8752 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

128,826

1.8772 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:

17 Jul 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213