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:

19 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:

LondonMetric Property plc 10p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1)

Relevant securities owned

and/or controlled:

14,230,517

0.61%

5,123,557

0.22%

(2)

Cash-settled derivatives:

and/or controlled:

7,082,275

0.30%

11,844,069

0.51%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

21,312,792

0.91%

16,967,626

0.72%

Class of relevant security:

Schroder Real Estate Investment Trust Limited ordinary NPV

Interests

Short Positions

Number

(%)

Number

(%)

(1)

Relevant securities owned

and/or controlled:

1,622,346

0.33%

367,616

0.08%

(2)

Cash-settled derivatives:

and/or controlled:

58,828

0.01%

1,181,127

0.24%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

1,681,174

0.34%

1,548,743

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)

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

LondonMetric Property plc 10p ordinary

Purchase

7,973,851

1.8295 GBP

1.8060 GBP

LondonMetric Property plc 10p ordinary

Sale

9,515,202

1.8293 GBP

1.8050 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

387,025

0.4610 GBP

0.4590 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

204,003

0.4645 GBP

0.4578 GBP

(b)

Cash-settled derivative transactions

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

reference

unit

security

securities

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

20

1.8257 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

956

1.8252 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Short

5,981

1.8250 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

13,795

1.8246 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

39,666

1.8197 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,000

1.8190 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

396

1.8249 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

523

1.8278 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

7,194

1.8290 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

19

1.8190 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

48

1.8190 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

34,267

1.8163 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

90,311

1.8289 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Short

61,227

1.8284 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

698,286

1.8284 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

10,500

1.8175 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Short

615,578

1.8140 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

2,723

1.8290 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

65,280

1.8194 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

11,064

1.8288 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

32,512

1.8207 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

1,354

1.8198 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

19

1.8190 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

2,861

1.8252 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

2,094

1.8252 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

4,128

1.8246 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Short

1,731

1.8250 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

6

1.8257 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

1,411

1.8250 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

10,444

1.8291 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

99,923

1.8287 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

52,351

1.8286 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

308,530

1.8287 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

89,391

1.8279 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

24,298

1.8157 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

385

1.8190 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

2

1.8220 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

7,440

1.8176 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

11,589

1.8225 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

10,800

1.8142 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Long

2,723

1.8290 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

76,789

1.8290 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

10,738

1.8136 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

337

1.8190 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

656

1.8218 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

100

1.8100 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

9

1.8220 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

3

1.8200 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

34,463

1.8159 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

118,521

1.8289 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

54,166

1.8290 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

7

1.8220 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

2,625

1.8218 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

14

1.8200 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

25,707

1.8259 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

55,568

1.8124 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

777,787

1.8290 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

1,032

1.8205 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

11

1.8200 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

378,243

1.8164 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,892

1.8060 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

103,183

1.8246 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

99,523

1.8233 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

4,988

1.8186 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

90,419

1.8289 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,525

1.8293 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

5,784

1.8147 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

1,833

1.8190 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

324,331

1.8204 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

5,751

1.8161 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

418,006

1.8178 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

4,488

1.8290 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

990

1.8290 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

2,586

1.8199 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

45,058

0.4590 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Opening Short

18,137

0.4590 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

66,075

0.4590 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

1,469

0.4578 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

10,292

0.4605 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

180

0.4590 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

20,861

0.4645 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

5,749

0.4589 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:

22 Jun 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213