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:

26 Aug 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:

1,732,460

0.35%

1,941,043

0.40%

(2) Cash-settled derivatives:

1,937,623

0.40%

1,712,357

0.35%

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

0

0.00%

0

0.00%

TOTAL: 

3,670,083

0.75%

3,653,400

0.75%

Class of relevant security:

LondonMetric Property plc 10p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

17,398,505

0.74%

6,233,371

0.27%

(2) Cash-settled derivatives:

6,678,233

0.28%

12,071,788

0.51%

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

0

0.00%

0

0.00%

TOTAL: 

24,076,738

1.02%

18,305,159

0.78%

(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

77993

0.4360 GBP

0.4338 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

224543

0.4369 GBP

0.4335 GBP

LondonMetric Property plc 10p ordinary

Purchase

728836

1.9566 GBP

1.9470 GBP

LondonMetric Property plc 10p ordinary

Sale

957794

1.9540 GBP

1.9469 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

1

0.4335 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

11,800

0.4335 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

3

0.4348 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Short

19,024

0.4335 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

4,380

0.4369 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

7,813

0.4353 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

1,591

0.4335 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Closing Short

185,163

0.4335 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

2,761

0.4335 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

53

1.9483 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Short

262

1.9482 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

2,677

1.9486 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

37,979

1.9501 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

828

1.9523 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1,567

1.9469 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

131,768

1.9470 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

234

1.9560 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

13,193

1.9468 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

80

1.9470 GBP

LondonMetric Property plc 10p ordinary

CFD

Closing Short

2,633

1.9472 GBP

LondonMetric Property plc 10p ordinary

CFD

Opening Long

50,068

1.9472 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

38,120

1.9480 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

7,600

1.9497 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,200

1.9511 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

3

1.9489 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

1,503

1.9507 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

14,724

1.9482 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

15

1.9482 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Short

54

1.9482 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

25

1.9482 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

25

1.9482 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

40

1.9486 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

293

1.9472 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

912

1.9476 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

24

1.9483 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1,158

1.9486 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

8,627

1.9471 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

31,119

1.9486 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

1,684

1.9472 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

3,324

1.9484 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

13,896

1.9484 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

407

1.9553 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

8,207

1.9488 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

2,909

1.9470 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

1,494

1.9493 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

3,548

1.9501 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

43,181

1.9472 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

568

1.9469 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

81,101

1.9474 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

54

1.9482 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Short

6

1.9482 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

1,913

1.9472 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

1,077

1.9524 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

4,307

1.9524 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

227

1.9470 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

20,900

1.9494 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

6,808

1.9465 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

28,073

1.9488 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

20

1.9518 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

372

1.9482 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

29,149

1.9472 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

56,649

1.9470 GBP

LondonMetric Property plc 10p ordinary

CFD

Closing Short

32,830

1.9503 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

2,123

1.9493 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

5,785

1.9504 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

3,930

1.9496 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

8,516

1.9496 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

1,696

1.9489 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

24,704

1.9488 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

10,098

1.9486 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

57,900

1.9470 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

6,155

1.9520 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

11,939

1.9506 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,270

1.9530 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

131,691

1.9482 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

20,922

1.9490 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 Aug 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213