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:

01 May 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:

11,253,747

0.48%

8,154,920

0.35%

(2) Cash-settled derivatives:

8,784,415

0.37%

7,428,115

0.32%

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

0

0.00%

0

0.00%

TOTAL: 

20,038,162

0.85%

15,583,035

0.66%

Class of relevant security:

Schroder Real Estate Investment Trust Limited ordinary NPV

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

1,927,221

0.39%

715,437

0.15%

(2) Cash-settled derivatives:

0

0.00%

1,374,377

0.28%

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

0

0.00%

0

0.00%

TOTAL: 

1,927,221

0.39%

2,089,814

0.43%

(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

620841

1.9070 GBP

1.8770 GBP

LondonMetric Property plc 10p ordinary

Sale

1296553

1.9109 GBP

1.8770 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

66501

0.4951 GBP

0.4895 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

84213

0.4975 GBP

0.4833 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

1,557

1.8775 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

170,016

1.8780 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

12,976

1.8822 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

8,816

1.8832 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

60,679

1.8855 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

15,255

1.8857 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

16,774

1.8860 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

84,651

1.8866 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

7,651

1.8920 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

507

1.8922 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

28,494

1.8934 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

89,773

1.8965 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

4,269

1.8968 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

2,331

1.9018 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

384,967

1.9020 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

974

1.9109 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

17,522

1.8777 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

2,100

1.8835 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

264,615

1.8945 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

12,050

1.8962 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

134,900

1.9019 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

33,534

1.9020 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

4,221

1.9070 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

20,425

0.4915 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

7

0.4957 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

1,027

0.4975 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

3,490

0.4900 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Short

1,779

0.4930 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Short

16,063

0.4974 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Short

957

0.4905 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

3,651

1.8798 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

32,359

1.9018 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

1,222

1.9108 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

46,909

1.8958 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

1,222

1.9021 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:

05 May 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213