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:

17 Apr 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:

10,486,434

0.45%

10,987,922

0.47%

(2) Cash-settled derivatives:

11,450,001

0.49%

6,276,288

0.27%

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

0

0.00%

0

0.00%

TOTAL: 

21,936,435

0.94%

17,264,210

0.74%

Class of relevant security:

Schroder Real Estate Investment Trust Limited ordinary NPV

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

1,639,730

0.34%

321,086

0.07%

(2) Cash-settled derivatives:

0

0.00%

1,394,305

0.29%

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

0

0.00%

0

0.00%

TOTAL: 

1,639,730

0.34%

1,715,391

0.35%

(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

1207061

1.9920 GBP

1.9410 GBP

LondonMetric Property plc 10p ordinary

Sale

1482685

1.9910 GBP

1.9400 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

106517

0.5120 GBP

0.4966 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

34913

0.5100 GBP

0.4945 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

803

1.9520 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

380

1.9529 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

44,745

1.9542 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

755

1.9558 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

5,984

1.9577 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

342,888

1.9654 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1,052

1.9668 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

447

1.9675 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

10,577

1.9676 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

169,729

1.9683 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

104,815

1.9711 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

136,751

1.9756 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

32,463

1.9787 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

12,188

1.9802 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

3,058

1.9810 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

421

1.9824 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

29,415

1.9829 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

238,993

1.9830 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

851

1.9841 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

132

1.9851 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

552

1.9863 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

11,020

1.9874 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

185

0.0000 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

50

1.9394 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

68

1.9410 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

262,217

1.9420 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

5,200

1.9440 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

17,103

1.9530 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

14,256

1.9550 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

84,329

1.9565 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

13,307

1.9691 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

39,754

1.9693 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

18,207

1.9709 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

45,117

1.9731 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

67,752

1.9830 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

2,671

1.9831 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

68,801

1.9834 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

3,366

1.9835 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

32

0.4991 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

77

0.4994 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

3,713

0.5090 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

27

0.5100 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

15,260

0.4988 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

2,347

0.4992 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

16,400

0.4999 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

4,252

0.5090 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

10,138

0.5100 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Short

371

0.5075 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

17,116

1.9538 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

14,861

1.9757 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

4,306

1.9828 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

2,525

1.9561 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

13

1.9830 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

36,443

1.9868 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

472

1.9871 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

1

1.9900 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:

20 Apr 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213