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:

30 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:

Schroder Real Estate Investment Trust Limited ordinary NPV

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

1,649,065

0.34%

136,491

0.03%

(2) Cash-settled derivatives:

136,491

0.03%

1,614,534

0.33%

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

0

0.00%

0

0.00%

TOTAL: 

1,785,556

0.37%

1,751,025

0.36%

Class of relevant security:

LondonMetric Property plc 10p ordinary

Interests

Short Positions

(1) Relevant securities owned and/or controlled:

16,821,798

0.72%

7,035,093

0.30%

(2) Cash-settled derivatives:

7,839,520

0.33%

12,353,574

0.53%

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

0

0.00%

0

0.00%

TOTAL: 

24,661,318

1.05%

19,388,667

0.82%

(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

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

13243

0.4590 GBP

0.4590 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

7493

0.4600 GBP

0.4590 GBP

LondonMetric Property plc 10p ordinary

Purchase

1544991

1.9920 GBP

1.9676 GBP

LondonMetric Property plc 10p ordinary

Sale

2418613

1.9912 GBP

1.9700 GBP

(b)

Cash-settled derivative transactions

Class of relevant security

Product description

Nature of dealing

Number of reference securities

Price per unit

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

2,781

0.4590 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

924

0.4590 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

3,836

0.4590 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

4,369

0.4589 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

273

1.9810 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

393

1.9817 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1,174

1.9796 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

73,977

1.9745 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

32,134

1.9782 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

5,169

1.9823 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

68,702

1.9800 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

4,186

1.9773 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

236

1.9630 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

10,300

1.9704 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

38,047

1.9823 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

52,355

1.9843 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

52,665

1.9799 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

74,050

1.9743 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

63,405

1.9853 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1,312

1.9799 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

4,438

1.9773 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

80,207

1.9797 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

28,140

1.9828 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

71

1.9817 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

30

1.9817 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

385

1.9796 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

76

1.9810 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,345

1.9802 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

984

1.9823 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

149

1.9810 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Long

7,423

1.9814 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

59,535

1.9883 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

137,926

1.9883 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

163,189

1.9883 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

601

1.9818 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

11,060

1.9849 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

2,058

1.9777 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

25,900

1.9893 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

18,859

1.9800 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

467,615

1.9802 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

3,864

1.9889 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

168

1.9819 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

346

1.9818 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

27,838

1.9822 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

64,494

1.9822 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

76,306

1.9822 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

82,071

1.9798 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

210,521

1.9800 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

48,949

1.9880 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

11,246

1.9770 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

14,903

1.9829 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

6,858

1.9800 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

12,641

1.9766 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

36,958

1.9797 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

157,896

1.9838 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

32,824

1.9827 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

145,189

1.9800 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

15,592

1.9840 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

5,870

1.9764 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

15,980

1.9851 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

188,918

1.9841 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,128

1.9720 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:

31 Jul 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213