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 Jun 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:

11,299,258

0.48%

4,389,963

0.19%

(2) Cash-settled derivatives:

5,657,769

0.24%

8,642,729

0.37%

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

0

0.00%

0

0.00%

TOTAL: 

16,957,027

0.72%

13,032,692

0.56%

Class of relevant security:

Schroder Real Estate Investment Trust Limited ordinary NPV

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

1,438,203

0.29%

553,491

0.11%

(2) Cash-settled derivatives:

132,176

0.03%

996,312

0.20%

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

0

0.00%

0

0.00%

TOTAL: 

1,570,379

0.32%

1,549,803

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

1799646

1.8300 GBP

1.8061 GBP

LondonMetric Property plc 10p ordinary

Sale

1401575

1.8270 GBP

1.8109 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

89303

0.4782 GBP

0.4614 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

107793

0.4780 GBP

0.4618 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 Long

4,696

1.8133 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

5,421

1.8186 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

21,688

1.8186 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

25,310

1.8168 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

3,782

1.8123 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

3

1.8110 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

37

1.8159 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

32

1.8060 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Short

3

1.8109 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

161,592

1.8109 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

12,103

1.8111 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

14

1.8128 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

1

1.8200 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

19,950

1.8197 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

30,053

1.8110 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

39

1.8159 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

5,720

1.8157 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

85

1.8183 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,339

1.8133 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

9,241

1.8133 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

11,708

1.8128 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

3,555

1.8130 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

18,212

1.8107 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

4,429

1.8193 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

33,514

1.8173 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

18,162

1.8185 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

3,698

1.8110 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

59

1.8122 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

62,306

1.8179 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

11,600

1.8134 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

10,778

1.8219 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,264

1.8193 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

8,736

1.8193 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

709

1.8205 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

2,836

1.8205 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

266

1.8109 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

2,755

1.8156 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

9,001

1.8119 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

16,897

1.8156 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,123

1.8206 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

266

1.8061 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

33,127

1.8187 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

69,096

1.8110 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

5,409

1.8158 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,074

1.8110 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,866

1.8235 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

34,869

1.8110 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

49,003

1.8114 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

2,839

1.8110 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

243,210

1.8110 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Long

409

1.8110 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

9,899

1.8174 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

10,701

1.8172 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

33,924

1.8203 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

15,181

1.8184 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

24

0.4693 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

583

0.4730 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

72

0.4696 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

6,186

0.4720 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

1,966

0.4730 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

3,432

0.4730 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

1,869

0.4689 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

7,828

0.4751 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

5,998

0.4700 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 Jun 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213