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:

14 Aug 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:

21,105,476

0.90%

5,853,963

0.25%

(2) Cash-settled derivatives:

6,305,174

0.27%

15,842,600

0.67%

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

0

0.00%

0

0.00%

TOTAL: 

27,410,650

1.17%

21,696,563

0.92%

Class of relevant security:

Schroder Real Estate Investment Trust Limited ordinary NPV

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

1,727,672

0.35%

1,925,332

0.39%

(2) Cash-settled derivatives:

1,920,059

0.39%

1,707,569

0.35%

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

0

0.00%

0

0.00%

TOTAL: 

3,647,731

0.75%

3,632,901

0.74%

(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

1120012

1.9539 GBP

1.9370 GBP

LondonMetric Property plc 10p ordinary

Sale

1888686

1.9469 GBP

1.9370 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

47172

0.4610 GBP

0.4561 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

32284

0.4610 GBP

0.4569 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

94

1.9438 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

23,099

1.9447 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

585

1.9481 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,450

1.9400 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

162,050

1.9400 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

11,059

1.9430 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

52,591

1.9403 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

2

1.9400 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

26,176

1.9414 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

28,100

1.9420 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

86,895

1.9401 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

3,865

1.9414 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

6,155

1.9426 GBP

LondonMetric Property plc 10p ordinary

CFD

Closing Short

83,042

1.9454 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

21

1.9371 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

94

1.9421 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

85

1.9437 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

3,355

1.9397 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

874

1.9402 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

255

1.9438 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

5,608

1.9409 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

9,220

1.9403 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

36,767

1.9403 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

553

1.9418 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

21,714

1.9392 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

26,632

1.9418 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

16,477

1.9400 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

9

1.9720 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

12,601

1.9451 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

6,900

1.9422 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

14,311

1.9433 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

605

1.9427 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

337

1.9418 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,090

1.9418 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

375

1.9459 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

300

1.9443 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

22,972

1.9449 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

3,181

1.9422 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

92,417

1.9399 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

64,651

1.9400 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

1,496

1.9459 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

4,319

1.9400 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

7,599

1.9400 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

22,053

1.9427 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

10,204

1.9400 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

8,553

1.9418 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

93,820

1.9419 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

18,343

1.9400 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

2,656

1.9450 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

74,146

1.9400 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

70,571

1.9400 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

30,263

1.9423 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

810

1.9400 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

91,727

1.9539 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

268,489

1.9424 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

28

0.4575 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

2,958

0.4560 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

84

0.4572 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

1,474

0.4564 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Short

1

0.4600 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

2,540

0.4575 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Short

37,409

0.4605 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

1,023

0.4560 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

6,468

0.4560 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

225

0.4610 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Short

25,229

0.4603 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

2,017

0.4575 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 Aug 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213