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:

02 Apr 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:

10,676,161

0.46%

12,243,001

0.52%

(2) Cash-settled derivatives:

12,760,867

0.54%

7,441,714

0.32%

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

0

0.00%

0

0.00%

TOTAL: 

23,437,028

1.00%

19,684,715

0.84%

Class of relevant security:

Schroder Real Estate Investment Trust Limited ordinary NPV

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

1,515,641

0.31%

182,628

0.04%

(2) Cash-settled derivatives:

0

0.00%

1,373,594

0.28%

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

0

0.00%

0

0.00%

TOTAL: 

1,515,641

0.31%

1,556,222

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

1581871

1.8790 GBP

1.8167 GBP

LondonMetric Property plc 10p ordinary

Sale

2562056

1.8780 GBP

1.8310 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

104524

0.4820 GBP

0.4705 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

104460

0.4806 GBP

0.4705 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 Long

6,273

1.8488 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

12,249

1.8501 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

13,170

1.8515 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

3,024

1.8523 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

12,116

1.8524 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

7,572

1.8556 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

25,700

1.8562 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

40,449

1.8596 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

377,758

1.8601 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

7,524

1.8602 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

45,292

1.8607 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

129,679

1.8615 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

42,559

1.8636 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

48,810

1.8671 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1,118

1.8676 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

68,393

1.8677 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

197,322

1.8679 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

374,272

1.8680 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

3,040

1.8686 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1,092

1.8698 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

3,960

1.8703 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

2,785

1.8167 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

10,500

1.8178 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

4,255

1.8260 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

766

1.8358 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

6,668

1.8509 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

17,242

1.8555 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

16

1.8578 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

9

1.8587 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

14

1.8624 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

10,865

1.8631 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

80,656

1.8675 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

101,864

1.8680 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,278

1.8683 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

31,520

1.8724 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

2

1.8730 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

20

0.4742 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

15

0.4785 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

445

0.4784 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

1,523

0.4785 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

414

0.4791 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Short

2,103

0.4805 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

3,047

1.8509 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

16,812

1.8683 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

67,557

1.8288 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

32,763

1.8646 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

34,084

1.8680 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

64,221

1.8681 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:

07-Apr-26

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213