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:

10 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:

Schroder Real Estate Investment Trust Limited ordinary NPV

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

1,660,933

0.34%

1,649,869

0.34%

(2) Cash-settled derivatives:

1,639,263

0.34%

1,640,830

0.34%

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

0

0.00%

0

0.00%

TOTAL: 

3,300,196

0.67%

3,290,699

0.67%

Class of relevant security:

LondonMetric Property plc 10p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

21,073,296

0.90%

5,637,660

0.24%

(2) Cash-settled derivatives:

6,471,055

0.28%

16,268,089

0.69%

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

0

0.00%

0

0.00%

TOTAL: 

27,544,351

1.17%

21,905,749

0.93%

(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

81116

0.4564 GBP

0.4480 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

45978

0.4539 GBP

0.4480 GBP

LondonMetric Property plc 10p ordinary

Purchase

2035016

1.9540 GBP

1.9260 GBP

LondonMetric Property plc 10p ordinary

Sale

764649

1.9540 GBP

1.9260 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

156

0.4494 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

1,569

0.4479 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

470

0.4493 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

34,308

0.4480 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Short

5,237

0.4550 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Opening Long

8,099

0.4515 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Opening Short

8,000

0.4526 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

4,376

0.4480 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

5,034

0.4480 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

928

0.4508 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Short

3,046

0.4515 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Short

6,485

0.4510 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Short

1,436

0.4539 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

774

1.9473 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1

1.9394 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

102,477

1.9454 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

38,256

1.9439 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

4

1.9455 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

249,565

1.9350 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

17,885

1.9470 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

274

1.9510 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

32,348

1.9349 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

149,864

1.9480 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

15,536

1.9431 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

11,428

1.9351 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

50,599

1.9489 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

6,213

1.9390 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

198

1.9415 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

35

1.9390 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

2,975

1.9395 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

8,670

1.9347 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

411

1.9354 USD

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

318

1.9473 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

10,385

1.9352 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,295

1.9473 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

878

1.9395 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

22,903

1.9341 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

7,174

1.9352 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

5,370

1.9352 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

5,898

1.9352 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

2,253

1.9340 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

8,984

1.9436 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

376

1.9316 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

11,164

1.9389 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

1,587

1.9350 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

2,455

1.9482 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

5,501

1.9472 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

62,736

1.9351 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

7,642

1.9350 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

8,861

1.9368 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

4,932

1.9347 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

912

1.9340 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

3,589

1.9340 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

9,798

1.9422 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

59,974

1.9419 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

225,778

1.9350 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

2,547

1.9350 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

27,877

1.9468 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

12,030

1.9398 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

2,986

1.9530 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

26,807

1.9352 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

74,705

1.9403 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

131,205

1.9350 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

12,140

1.9484 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

7,165

1.9412 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

21,178

1.9341 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

165,745

1.9437 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:

11 Aug 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213