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:

15 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:

LondonMetric Property plc 10p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

15,642,031

0.67%

8,566,101

0.36%

(2) Cash-settled derivatives:

9,898,533

0.42%

12,846,094

0.55%

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

0

0.00%

0

0.00%

TOTAL: 

25,540,564

1.09%

21,412,195

0.91%

Class of relevant security:

Schroder Real Estate Investment Trust Limited ordinary NPV

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

1,450,858

0.30%

91,461

0.02%

(2) Cash-settled derivatives:

91,461

0.02%

1,372,940

0.28%

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

0

0.00%

0

0.00%

TOTAL: 

1,542,319

0.32%

1,464,401

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

1122695

1.8925 GBP

1.8774 GBP

LondonMetric Property plc 10p ordinary

Sale

560342

1.8910 GBP

1.8760 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

68857

0.4600 GBP

0.4560 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

45680

0.4622 GBP

0.4560 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 Short

4

1.8851 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

6,500

1.8821 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

15,874

1.8827 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

271

1.8839 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

12,516

1.8850 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

182

1.8850 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1,945

1.8838 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

59

1.8880 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Long

502,030

1.8850 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

7,700

1.8772 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

5,310

1.8853 GBP

LondonMetric Property plc 10p ordinary

CFD

Closing Long

45,132

1.8924 GBP

LondonMetric Property plc 10p ordinary

CFD

Opening Short

253

1.8924 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

5,058

1.8833 GBP

LondonMetric Property plc 10p ordinary

CFD

Closing Short

3,624

1.8797 GBP

LondonMetric Property plc 10p ordinary

CFD

Opening Long

2,110

1.8797 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

5,700

1.8850 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

6,339

1.8821 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,336

1.8853 USD

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

2,062

1.8838 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,274

1.8852 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

77

1.8851 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

647

1.8870 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Short

3,218

1.8857 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

664

1.8850 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

55,353

1.8817 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

100

1.8810 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

147

1.8833 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

3,553

1.8863 GBP

LondonMetric Property plc 10p ordinary

CFD

Closing Long

2,110

1.8840 GBP

LondonMetric Property plc 10p ordinary

CFD

Opening Short

28,450

1.8840 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

31,930

1.8879 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

25

1.8831 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

9,917

1.8846 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

63,837

1.8850 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

33,669

1.8804 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

4,283

1.8828 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

19,898

1.8883 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

71,428

1.8843 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

6,579

1.8830 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

5,942

1.8760 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

18,883

1.8850 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

22,202

1.8849 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

35,338

1.8871 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

22,531

1.8850 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

5,149

1.8834 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

17,922

1.8891 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

8,550

1.8782 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

51,096

1.8862 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

66,583

1.8840 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

16,926

0.4560 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

20,887

0.4560 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

259

0.4583 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

78

0.4570 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

2,783

0.4600 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

10,486

0.4622 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:

16 Jul 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213