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:

13 Jul 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:

16,038,201

0.68%

6,755,725

0.29%

(2) Cash-settled derivatives:

8,233,835

0.35%

13,231,803

0.56%

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

0

0.00%

0

0.00%

TOTAL: 

24,272,036

1.03%

19,987,528

0.85%

Class of relevant security:

Schroder Real Estate Investment Trust Limited ordinary NPV

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

1,432,432

0.29%

68,962

0.01%

(2) Cash-settled derivatives:

68,902

0.01%

1,332,328

0.27%

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

0

0.00%

0

0.00%

TOTAL: 

1,501,334

0.31%

1,401,290

0.29%

(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

596,815

1.9002 GBP

1.8860 GBP

LondonMetric Property plc 10p ordinary

Sale

1349625

1.9000 GBP

1.8856 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

84411

0.4646 GBP

0.4571 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

93897

0.4643 GBP

0.4578 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

Decreasing Short

31,515

1.8936 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

16,819

1.8916 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,179

1.8900 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

4,061

1.8880 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

9,282

1.8860 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

4,052

1.8924 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

108

1.8910 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

23,065

1.8952 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,185

1.8863 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

120,922

1.8875 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

3,431

1.8891 GBP

LondonMetric Property plc 10p ordinary

CFD

Closing Short

47,846

1.8924 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

96,577

1.8864 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

7,124

1.8904 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

4,208

1.8924 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

311

1.8857 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

9,933

1.8894 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

63

1.8857 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

263

1.8857 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

29

1.8855 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

9

1.8915 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

15,382

1.8867 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

4,305

1.8975 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

100

1.8970 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

274

1.8903 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

88,397

1.8860 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

86,581

1.8860 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

140

1.8860 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

14,104

1.8969 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

9

1.8879 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

3,056

1.8935 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

26,108

1.8917 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

21,041

1.8879 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

2,922

1.8948 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

165,165

1.8860 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,847

1.8916 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

6,359

1.8890 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

51

1.8860 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

16,630

1.8933 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

15,528

1.8915 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

78,888

1.8919 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

84,067

1.8860 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

26,758

1.8920 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

6,758

1.8942 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

234,946

1.8916 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

2

0.4550 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

1,746

0.4625 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

1,842

0.4608 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

3,100

0.4628 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

2,055

0.4625 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

10,000

0.4583 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

19,337

0.4590 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:

14 Jul 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213