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

 A CONSORTIUM COMPRISING LONDONMETRIC PROPERTY PLC AND SCHRODER REAL ESTATE INVESTMENT TRUST LIMITED

relevant securities this form relates:

(c)

Name of the party to the offer with which exempt

 A CONSORTIUM COMPRISING LONDONMETRIC PROPERTY PLC AND SCHRODER REAL ESTATE INVESTMENT TRUST LIMITED

principal trader is connected

(d)

Date position held/dealing undertaken:

03 Sep 2026

(e)

In addition to the company in 1(b) above, is the exempt principal

YES:

trader making disclosures in respect of any other party to the offer?

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:

1,047,813

0.21%

2,143,802

0.44%

(2)

Cash-settled derivatives:

and/or controlled:

2,143,802

0.44%

1,027,710

0.21%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

3,191,615

0.65%

3,171,512

0.65%

Class of relevant security:

LondonMetric Property plc 10p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1)

Relevant securities owned

and/or controlled:

17,792,644

0.76%

8,440,606

0.36%

(2)

Cash-settled derivatives:

and/or controlled:

8,884,087

0.38%

12,341,431

0.52%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

26,676,731

1.13%

20,782,037

0.88%

(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)

Purchases and sales

Class of relevant

Purchase/sale

Total number of

Highest price per unit

Lowest price per unit

security

securities

paid/received

paid/received

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

116,398

0.4240 GBP

0.4185 GBP

LondonMetric Property plc 10p ordinary

Purchase

1,031,524

1.8420 GBP

1.8229 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

312,718

0.4231 GBP

0.4197 GBP

LondonMetric Property plc 10p ordinary

Sale

2,740,708

1.8420 GBP

1.8221 GBP

(b)

Cash-settled derivative transactions

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

reference

unit

security

securities

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

4,584

1.8391 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

30

1.8310 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

3,140

1.8350 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

3,945

1.8265 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

2,880

1.8270 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1,842

1.8270 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

61,182

1.8282 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

208

1.8338 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

30,816

1.8276 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

21,039

1.8381 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

57,167

1.8420 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

107

0.4224 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

124,961

1.8419 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Long

187,020

0.4206 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

305,100

1.8420 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

1,242

0.4230 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

39,989

1.8419 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

16,600

1.8285 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

1,569

0.4226 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

33,913

1.8418 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

5,000

0.4208 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

3,980

0.4184 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

3,878

1.8259 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

112,412

1.8384 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

34,063

1.8358 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

4,789

0.4218 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

34,221

1.8311 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

145,587

1.8382 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1

1.8291 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

30,899

1.8349 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

69

1.8310 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

3,283

1.8409 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

1,513

1.8391 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

29,914

1.8409 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

3,840

1.8391 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

27,785

1.8399 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,616

1.8347 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

511

1.8347 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

8,690

1.8347 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

1,622

1.8267 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,030

1.8331 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

2,772

0.4215 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,814

1.8230 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

7,843

0.4230 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

8,330

1.8347 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

131

0.4230 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

11,731

1.8310 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

1,520

1.8326 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

397,904

1.8406 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

317

1.8316 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

6

1.8230 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

535

1.8267 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

1,306

1.8267 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,519

1.8419 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

480

1.8419 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

8,171

1.8419 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

2,811

0.4215 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

510

1.8237 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

1,195

0.4230 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

77,011

1.8361 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

13,116

0.4217 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

2,287

1.8420 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

386

1.8421 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

31,000

1.8350 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

179,605

1.8370 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

11,234

0.4208 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

955

1.8287 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Long

108,670

1.8420 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

60,029

1.8420 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

3,343

0.4235 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

172,726

1.8420 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

50

1.8234 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

6,096

1.8281 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

28,713

1.8290 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1,637

1.8419 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

12,030

1.8418 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

56,964

1.8322 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

2,714

1.8256 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

1,152

1.8250 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

763

1.8420 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

37,514

1.8320 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

145,935

1.8291 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

29,335

1.8279 GBP

(c)

Stock-settled derivative transactions (including options)

(i)

Writing, selling, purchasing or varying

Class

Product

Writing,

Number

Exercise

Type

Expiry

Option

of

description

purchasing,

of

price

date

money

relevant

selling,

securities

per unit

paid/

security

varying etc

to which

received

option

per unit

relates

(ii)

Exercising

Class of relevant

Product description

Exercising/ exercised against

Number of

Exercise price per

security

securities

unit

(d)

Other dealings (including subscribing for new securities)

Class of relevant

Nature of Dealings

Details

Price per unit (if

security

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:

04 Sep 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213