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:

10 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:

11,916,951

0.51%

9,013,975

0.38%

(2) Cash-settled derivatives:

9,275,380

0.40%

7,751,027

0.33%

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

0

0.00%

0

0.00%

TOTAL: 

21,192,331

0.90%

16,765,002

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:

1,593,121

0.33%

245,393

0.05%

(2) Cash-settled derivatives:

0

0.00%

1,390,371

0.28%

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

0

0.00%

0

0.00%

TOTAL: 

1,593,121

0.33%

1,635,764

0.33%

(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

3,016,423

1.9150 GBP

1.9020 GBP

LondonMetric Property plc 10p ordinary

Sale

1304372

1.9158 GBP

1.9020 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

16089

0.4970 GBP

0.4932 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

46823

0.4975 GBP

0.4950 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

3,878

1.9060 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

4,870

1.9076 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

100

1.9089 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

279

1.9098 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

113,219

1.9100 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

95,112

1.9103 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

23,431

1.9107 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

59,099

1.9133 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1,086

1.9136 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

6,806

1.9137 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

115,657

1.9139 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

183,333

1.9140 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

6,700

1.9158 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

3,446

1.9040 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

2,606

1.9087 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

21,229

1.9090 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

9,609

1.9093 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

81,111

1.9099 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

73,768

1.9103 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,485,237

1.9110 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

200

1.9120 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

70,527

1.9122 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

13,444

1.9125 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

190

1.9133 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

511

1.9134 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

9,903

1.9135 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

24,459

1.9140 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

16,799

1.9141 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,118

1.9143 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

44,913

1.9083 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

39,577

1.9139 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

299,397

1.9140 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

100

0.4964 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

40

0.4966 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

6,653

0.4970 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

8,589

0.4970 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Short

18,580

0.4969 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Short

21,337

0.4970 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Short

113

0.4976 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Short

7,500

0.4932 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:

13 Apr 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213