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:

16 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:

14,155,201

0.60%

4,702,788

0.20%

(2) Cash-settled derivatives:

6,192,597

0.26%

12,040,752

0.51%

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

0

0.00%

0

0.00%

TOTAL: 

20,347,798

0.87%

16,743,540

0.71%

Class of relevant security:

Schroder Real Estate Investment Trust Limited ordinary NPV

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

1,435,750

0.29%

461,558

0.09%

(2) Cash-settled derivatives:

69,591

0.01%

992,693

0.20%

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

0

0.00%

0

0.00%

TOTAL: 

1,505,341

0.31%

1,454,251

0.30%

(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

1700787

1.8620 GBP

1.8490 GBP

LondonMetric Property plc 10p ordinary

Sale

1959840

1.8620 GBP

1.8440 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

76088

0.4712 GBP

0.4655 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

33195

0.4725 GBP

0.4655 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

213

1.8549 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

36,813

1.8500 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

32,005

1.8521 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

384

1.8479 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Short

59,712

1.8580 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

247,995

1.8580 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

4,937

1.8580 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

167,963

1.8588 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1

1.8600 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Short

44,157

1.8510 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

30,758

1.8510 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

23,592

1.8578 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

228,761

1.8581 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

112

1.8551 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

1,045

1.8567 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

33,660

1.8519 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

2,410

1.8582 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

3,972

1.8582 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

387

1.8578 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

44,480

1.8577 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

33,292

1.8577 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

46,542

1.8576 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

6,298

1.8515 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

600

1.8526 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

3,184

1.8481 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

149,708

1.8590 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

54,526

1.8579 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

31,179

1.8459 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

19,922

1.8603 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

235

1.8459 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

327

1.8510 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1,604

1.8501 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

959

1.8499 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

62,818

1.8568 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

99,529

1.8528 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

939

1.8459 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

10,416

1.8578 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

1,266

1.8580 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Long

22,466

1.8580 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

44,158

1.8580 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

8,891

1.8526 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

241,582

1.8580 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

14,742

1.8475 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

2,464

1.8493 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

3,370

1.8620 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

184,098

1.8580 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

18,960

1.8538 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

10,710

1.8488 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

2,459

1.8534 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

243,674

1.8516 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

20,554

1.8517 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

5,699

0.4750 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

2,292

0.4655 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

327

0.4676 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Short

8,633

0.4655 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

158

0.4679 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

19,297

0.4724 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

110

0.4676 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

6,454

0.4655 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

45,068

0.4654 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

383

0.4655 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

3,277

0.4654 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:

17 Jun 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213