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

 A CONSORTIUM COMPRISING LONDONMETRIC PROPERTY PLC AND SCHRODER REAL ESTATE INVESTMENT TRUST LIMITED

relevant securities this form relates:

(c)

Name of the party to the offer with which exempt

 A CONSORTIUM COMPRISING LONDONMETRIC PROPERTY PLC AND SCHRODER REAL ESTATE INVESTMENT TRUST LIMITED

principal trader is connected

(d)

Date position held/dealing undertaken:

08 Jun 2026

(e)

In addition to the company in 1(b) above, is the exempt principal

YES:

trader making disclosures in respect of any other party to the offer?

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:

1,440,281

0.29%

565,330

0.12%

(2)

Cash-settled derivatives:

and/or controlled:

116,523

0.02%

998,233

0.20%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

1,556,804

0.32%

1,563,563

0.32%

Class of relevant security:

LondonMetric Property plc 10p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1)

Relevant securities owned

and/or controlled:

10,924,872

0.47%

4,860,373

0.21%

(2)

Cash-settled derivatives:

and/or controlled:

6,098,923

0.26%

7,935,400

0.34%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

17,023,795

0.73%

12,795,773

0.55%

(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)

Purchases and sales

Class of relevant

Purchase/sale

Total number of

Highest price per unit

Lowest price per unit

security

securities

paid/received

paid/received

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

49,459

0.4750 GBP

0.4687 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

80,166

0.4750 GBP

0.4709 GBP

LondonMetric Property plc 10p ordinary

Purchase

4,040,534

1.8050 GBP

1.7790 GBP

LondonMetric Property plc 10p ordinary

Sale

2,397,950

1.8050 GBP

1.7780 GBP

(b)

Cash-settled derivative transactions

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

reference

unit

security

securities

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

24

0.4720 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

76

0.4720 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

1,147

0.4708 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

13,878

0.4687 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

3,610

0.4720 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

5,591

0.4720 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

2,217

0.4729 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

34,060

0.4709 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

30

1.7800 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

488

1.7865 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,393

1.7926 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

40,688

1.7968 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

29,160

1.7944 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

10,740

1.7927 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

3,364

1.7956 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

128,225

1.7890 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

15,587

1.7969 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

19,555

1.7960 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

698

1.7940 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

1

1.7900 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

21,240

1.7891 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

73,249

1.7898 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

2,299

1.7938 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

127

1.7858 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

45,723

1.7970 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

6,120

1.7971 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

16,902

1.7969 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

75,400

1.7893 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

11,200

1.7865 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

453

1.7926 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

26,540

1.7892 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

85,838

1.7892 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

47,688

1.7893 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

13,612

1.7892 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

61

1.7800 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,300

1.7926 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

29,500

1.7875 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

28,071

1.7887 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

8,936

1.7886 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,524

1.7905 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

600

1.7898 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

709

1.7936 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

32,209

1.7890 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Short

176,007

1.7960 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

80,376

1.7890 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

8,500

1.7945 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

89

1.7911 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

2,299

1.7891 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

35,708

1.7889 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

1,780

1.7940 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

57,289

1.7892 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

236

1.7891 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

946

1.7891 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

132

1.7929 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

71

1.7943 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

65,260

1.7803 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

285,782

1.7890 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

2,400

1.7980 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

100

1.7790 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

7

1.7921 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

4,019

1.7919 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

17,864

1.7890 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

128,348

1.7920 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

25,920

1.7964 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

6,496

1.7890 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

310,905

1.7903 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

4,599

1.7856 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

8,407

1.7952 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

47,098

1.7892 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Long

31,414

1.7890 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

127,589

1.7890 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

44

1.7890 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

664

1.7960 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

1,327

1.7969 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

26,414

1.7909 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

777,920

1.7890 GBP

(c)

Stock-settled derivative transactions (including options)

(i)

Writing, selling, purchasing or varying

Class

Product

Writing,

Number

Exercise

Type

Expiry

Option

of

description

purchasing,

of

price

date

money

relevant

selling,

securities

per unit

paid/

security

varying etc

to which

received

option

per unit

relates

(ii)

Exercising

Class of relevant

Product description

Exercising/ exercised against

Number of

Exercise price per

security

securities

unit

(d)

Other dealings (including subscribing for new securities)

Class of relevant

Nature of Dealings

Details

Price per unit (if

security

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:

09 Jun 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213