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:

31 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:

17,247,230

0.73%

6,750,738

0.29%

(2) Cash-settled derivatives:

7,578,359

0.32%

12,782,787

0.54%

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

0

0.00%

0

0.00%

TOTAL: 

24,825,589

1.06%

19,533,525

0.83%

Class of relevant security:

Schroder Real Estate Investment Trust Limited ordinary NPV

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

1,604,282

0.33%

131,780

0.03%

(2) Cash-settled derivatives:

131,172

0.03%

1,584,179

0.32%

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

0

0.00%

0

0.00%

TOTAL: 

1,735,454

0.35%

1,715,959

0.35%

(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

1908788

1.9830 GBP

1.9594 GBP

LondonMetric Property plc 10p ordinary

Sale

1199001

1.9848 GBP

1.9594 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

255220

0.4472 GBP

0.4417 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

295292

0.4467 GBP

0.4417 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

Decreasing Short

3

1.9765 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

431

1.9646 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

3,552

1.9624 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

85,770

1.9685 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

85,982

1.9752 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

2,681

1.9664 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

13,438

1.9620 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

30,052

1.9700 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

47,552

1.9620 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

2,520

1.9700 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

18,762

1.9639 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

33

1.9757 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

10,500

1.9610 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

6,243

1.9646 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

3,057

1.9928 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

11,616

1.9620 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

16,282

1.9638 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

36,002

1.9629 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

2,672

1.9700 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

13,034

1.9649 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

59

1.9646 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

35

1.9646 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1,100

1.9624 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

9,401

1.9617 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Long

5,985

1.9623 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

2,472

1.9623 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1,697

1.9624 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

5,607

1.9622 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

40,935

1.9784 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

47,552

1.9620 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,320

1.9930 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Long

33

1.9621 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

79,187

1.9621 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

6,900

1.9848 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

219

1.9835 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

3,057

1.9621 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

7,125

1.9760 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

2,044

1.9629 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

2,390

1.9808 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

25,012

1.9696 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

42,859

1.9628 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

69,990

1.9693 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

231

1.9620 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

15,893

1.9717 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

2,609

1.9620 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

5,737

1.9672 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

11,511

1.9753 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

448

1.9630 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

28,151

1.9742 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

84

1.9620 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

202,038

1.9713 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

6,763

1.9620 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

17,740

1.9684 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

24,632

1.9686 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

925

1.9820 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

1,310

1.9656 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

289,245

1.9696 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

10

0.4460 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

4,550

0.4460 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Short

14,925

0.4459 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

62,730

0.4448 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

2,795

0.4420 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

7,000

0.4431 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

4,202

0.4457 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

64,411

0.4457 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

3,873

0.4425 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:

03 Aug 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213