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:

07 Apr 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:

10,731,868

0.46%

12,015,051

0.51%

(2) Cash-settled derivatives:

12,463,519

0.53%

7,806,385

0.33%

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

0

0.00%

0

0.00%

TOTAL: 

23,195,387

0.99%

19,821,436

0.84%

Class of relevant security:

Schroder Real Estate Investment Trust Limited ordinary NPV

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

1,558,853

0.32%

203,637

0.04%

(2) Cash-settled derivatives:

29,787

0.00%

1,406,302

0.29%

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

0

0.00%

0

0.00%

TOTAL: 

1,588,640

0.32%

1,609,939

0.33%

(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

1795739

1.8790 GBP

1.8490 GBP

LondonMetric Property plc 10p ordinary

Sale

1512082

1.8760 GBP

1.8490 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

107801

0.4832 GBP

0.4741 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

85598

0.4846 GBP

0.4735 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 Long

104,048

1.8490 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

81,930

1.8492 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

4,693

1.8524 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

14,152

1.8552 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

18,899

1.8571 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

3,547

1.8586 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

795

1.8592 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

120

1.8598 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

346

1.8601 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

111,445

1.8618 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

334

1.8619 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

34

1.8620 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

43,210

1.8625 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

4,964

1.8628 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

38,220

1.8634 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

12,066

1.8652 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

12,030

1.8658 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

13,600

1.8680 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

8,539

1.8708 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

7,708

1.8716 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

58,956

1.8490 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

3,960

1.8493 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

35,853

1.8508 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

5,291

1.8588 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

6,934

1.8632 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,559

1.8674 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,568

1.8692 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

5,686

1.8718 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

5,396

1.8757 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,017,496

1.8760 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

3,734

0.4785 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

5,826

0.4775 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

404

0.4812 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

425

0.4826 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:

08 Apr 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213