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:

01 Jun 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:

1,548,569

0.32%

572,425

0.12%

(2)

Cash-settled derivatives:

and/or controlled:

77,906

0.02%

1,106,587

0.23%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

1,626,475

0.33%

1,679,012

0.34%

Class of relevant security:

LondonMetric Property plc 10p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1)

Relevant securities owned

and/or controlled:

9,416,589

0.40%

6,708,101

0.29%

(2)

Cash-settled derivatives:

and/or controlled:

7,488,647

0.32%

6,326,670

0.27%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

16,905,236

0.72%

13,034,771

0.56%

(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

30,764

0.4940 GBP

0.4710 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

52,050

0.4940 GBP

0.4743 GBP

LondonMetric Property plc 10p ordinary

Purchase

1,161,504

1.9010 GBP

1.8700 GBP

LondonMetric Property plc 10p ordinary

Sale

1,686,692

1.9040 GBP

1.8720 GBP

(b)

Cash-settled derivative transactions

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

reference

unit

security

securities

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

54

0.4744 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

1,214

0.4744 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

162

0.4744 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

3,685

0.4741 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

8,792

0.4862 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

1,872

0.4745 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

6,134

0.4745 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

4,380

0.4745 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

390

0.4731 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

2,127

0.4744 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

162

0.4745 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

586

1.8788 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

3,209

1.8843 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

133,425

1.8946 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

36,052

1.8914 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

54,150

1.8866 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

370

1.8892 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

157,930

1.8790 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,288

1.8789 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

76,214

1.8789 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

31,122

1.8921 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

184,200

1.8938 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

3,541

1.8790 GBP

LondonMetric Property plc 10p ordinary

CFD

Closing Short

3,242

1.8788 GBP

LondonMetric Property plc 10p ordinary

CFD

Opening Long

11,497

1.8788 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

89,892

1.8770 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

1

1.8800 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

164,404

1.8972 GBP

LondonMetric Property plc 10p ordinary

CFD

Opening Long

8,682

1.8970 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

35,264

1.8954 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

11,170

1.8961 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

89

1.8875 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

930

1.8843 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Long

94

1.8793 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

185

1.8788 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

2,036

1.8956 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

2,294

1.8843 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,342

1.8789 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

28,870

1.8873 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

28,383

1.8787 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

200

1.8940 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

17,533

1.8864 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

402

1.8790 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

264

1.8790 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

104,545

1.8860 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

36,600

1.8808 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

793

1.8790 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

15,163

1.8794 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

52,743

1.9010 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

345

1.8791 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

23,124

1.8849 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

312

1.8940 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

84,798

1.8789 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

13,084

1.8937 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

24,543

1.8790 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

402

1.8939 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,309

1.8823 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

7,938

1.8745 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

48,552

1.8951 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

9,721

1.8996 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

39,219

1.8790 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

4,554

1.8923 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

91,341

1.8940 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

19,937

1.8817 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

4,385

1.8740 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

6,249

1.8979 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

181

1.8790 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

43,955

1.8790 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

3,805

1.8790 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

103,999

1.8918 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:

02 Jun 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213