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:

24 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:

1,614,620

0.33%

156,816

0.03%

(2) Cash-settled derivatives:

156,813

0.03%

1,573,731

0.32%

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

0

0.00%

0

0.00%

TOTAL: 

1,771,433

0.36%

1,730,547

0.35%

Class of relevant security:

LondonMetric Property plc 10p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

17,896,027

0.76%

5,773,669

0.25%

(2) Cash-settled derivatives:

7,251,008

0.31%

14,169,849

0.60%

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

0

0.00%

0

0.00%

TOTAL: 

25,147,035

1.07%

19,943,518

0.85%

(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

20214

0.4600 GBP

0.4545 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

29773

0.4600 GBP

0.4562 GBP

LondonMetric Property plc 10p ordinary

Purchase

1212493

1.9540 GBP

1.9310 GBP

LondonMetric Property plc 10p ordinary

Sale

789586

1.9540 GBP

1.9298 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

427

0.4600 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

4,159

0.4600 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

395

0.4600 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

2,060

0.4569 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

18,117

0.4563 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

2,307

0.4600 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

1,089

1.9425 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1,241

1.9441 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

3,439

1.9445 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

7,263

1.9442 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

3,746

1.9369 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1,612

1.9379 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

133,960

1.9510 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Short

31,654

1.9449 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

6,177

1.9449 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

464

1.9330 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

104,937

1.9510 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

61,665

1.9459 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

81,175

1.9356 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

3,145

1.9499 GBP

LondonMetric Property plc 10p ordinary

CFD

Closing Long

27,561

1.9511 GBP

LondonMetric Property plc 10p ordinary

CFD

Opening Short

253

1.9511 GBP

LondonMetric Property plc 10p ordinary

CFD

Opening Long

13,221

1.9389 GBP

LondonMetric Property plc 10p ordinary

CFD

Opening Short

41,450

1.9367 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

14,707

1.9510 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

6,549

1.9449 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

84,976

1.9507 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

15,569

1.9446 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

193

1.9441 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

151

1.9441 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

29,414

1.9512 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1,015

1.9445 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

313

1.9425 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

3,326

1.9512 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

1,066

1.9425 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

943

1.9445 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,004

1.9507 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

698

1.9496 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Long

18,911

1.9425 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

361

1.9425 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

9,710

1.9344 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

42,868

1.9495 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

12,997

1.9475 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

44,825

1.9511 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

15,968

1.9353 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

5,930

1.9381 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1,753

1.9509 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

197

1.9496 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

596

1.9512 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

628

1.9496 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

56

1.9510 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

11,950

1.9425 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

140

1.9477 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Long

74,662

1.9394 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

7,116

1.9394 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

25,292

1.9510 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

996

1.9418 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

5,788

1.9459 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

10,024

1.9425 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

82,424

1.9510 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

22,898

1.9351 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1,026

1.9457 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

36,919

1.9426 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

38,116

1.9507 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

20,929

1.9404 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

5,110

1.9351 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

4,535

1.9358 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

8,792

1.9510 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

15,464

1.9337 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

10,390

1.9446 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

149,007

1.9436 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:

27 Jul 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213