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:

11 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:

1,695,930

0.35%

1,895,873

0.39%

(2) Cash-settled derivatives:

1,894,095

0.39%

1,675,827

0.34%

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

0

0.00%

0

0.00%

TOTAL: 

3,590,025

0.73%

3,571,700

0.73%

Class of relevant security:

LondonMetric Property plc 10p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

21,224,519

0.90%

5,693,816

0.24%

(2) Cash-settled derivatives:

6,536,776

0.28%

16,422,001

0.70%

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

0

0.00%

0

0.00%

TOTAL: 

27,761,295

1.18%

22,115,817

0.94%

(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

76837

0.4490 GBP

0.4456 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

281594

0.4490 GBP

0.4445 GBP

LondonMetric Property plc 10p ordinary

Purchase

1076728

1.9380 GBP

1.9208 GBP

LondonMetric Property plc 10p ordinary

Sale

981661

1.9381 GBP

1.9210 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

102

0.4469 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Opening Long

250,000

0.4459 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

305

0.4472 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

1,004

0.4474 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

4,191

0.4462 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Closing Short

3,125

0.4480 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

549

0.4490 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

3,626

0.4490 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

363

0.4465 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

6,566

0.4465 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

13,696

0.4462 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

14,376

0.4462 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

745

1.9323 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1

1.9329 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Long

19,008

1.9286 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

86,557

1.9286 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

590

1.9288 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

726

1.9311 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

27,222

1.9300 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

2,742

1.9300 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

50,019

1.9305 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

221

1.9230 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

92,023

1.9299 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

60,503

1.9293 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1,109

1.9249 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

7,670

1.9298 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

16,753

1.9299 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

7,248

1.9296 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

14

1.9225 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

6,207

1.9306 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

44

1.9306 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

22

1.9306 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

19,815

1.9302 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

2,015

1.9330 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

30,784

1.9297 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

50

1.9323 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,308

1.9302 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

4,281

1.9302 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,288

1.9323 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

608

1.9330 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

3,134

1.9311 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

1,258

1.9297 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

375

1.9302 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

2,928

1.9303 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

14,751

1.9303 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

552

1.9256 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

6,715

1.9265 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

25,249

1.9268 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

4,431

1.9291 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

21,415

1.9294 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

59,692

1.9300 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

52,497

1.9301 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

20,316

1.9300 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

2,222

1.9224 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

2,354

1.9299 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

66

1.9256 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

872

1.9256 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

634

1.9325 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

2,543

1.9325 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

7,668

1.9322 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

29,460

1.9299 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

63,113

1.9300 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

3

1.9250 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

41

1.9300 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

200

1.9305 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

419

1.9250 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

442

1.9300 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1

1.9229 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

45,512

1.9301 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

712

1.9337 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

1,120

1.9270 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

149,465

1.9302 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

6,726

1.9300 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

483

1.9309 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

43,490

1.9300 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

620

1.9353 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

8,210

1.9267 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

31,229

1.9320 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

28,904

1.9303 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

82,484

1.9328 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:

12 Aug 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213