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:

10 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:

981,323

0.20%

141,474

0.03%

(2)

Cash-settled derivatives:

and/or controlled:

101,628

0.02%

953,349

0.19%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

1,082,951

0.22%

1,094,823

0.22%

Class of relevant security:

LondonMetric Property plc 10p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1)

Relevant securities owned

and/or controlled:

16,926,802

0.72%

10,479,050

0.45%

(2)

Cash-settled derivatives:

and/or controlled:

10,593,317

0.45%

11,306,921

0.48%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

27,520,119

1.17%

21,785,971

0.93%

(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

LondonMetric Property plc 10p ordinary

Purchase

1,026,020

1.7935 GBP

1.7780 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

11,846,483

0.8911 GBP

0.4095 GBP

LondonMetric Property plc 10p ordinary

Sale

1,405,877

1.7972 GBP

1.7780 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

11,421,454

2.8023 GBP

0.4095 GBP

LondonMetric Property plc 10p ordinary

Purchase

2,358,377

0.0000 null

0.0000 null

LondonMetric Property plc 10p ordinary

Sale

2,320,304

0.0000 null

0.0000 null

(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

496

1.7869 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1

1.7829 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Closing Short

948

0.0000 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Opening Long

7,076

0.0000 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1,705

0.0000 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

51,670

1.7891 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

18,382

1.7887 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

264

1.7853 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

130,482

1.7780 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

267,554

0.4270 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

30,780

0.0000 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Closing Long

685,210

0.4115 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Opening Short

10,340

0.0000 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

2,197

0.0000 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

67,600

1.7807 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

192,482

0.0000 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

40,907

0.0000 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

1,083

0.4134 GBP

LondonMetric Property plc 10p ordinary

CFD

Closing Long

178

1.7950 GBP

LondonMetric Property plc 10p ordinary

CFD

Opening Short

188

1.7950 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

37,069

1.7779 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Closing Short

2,035

0.4117 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Opening Short

21,591

0.0000 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

14,768

0.4131 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

3,448

1.7940 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Short

5,367

0.4259 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Opening Short

10,685

0.0000 GBP

LondonMetric Property plc 10p ordinary

CFD

Opening Short

2,270

0.0000 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Long

45,463

1.7819 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

14,549

1.7819 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

45,886

0.0000 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Opening Short

215,909

0.0000 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

16,633

1.7784 USD

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

49,597

1.7823 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

19

1.7823 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

59,771

1.7846 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

2,691

1.7838 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

71,724

1.7846 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

334

1.7869 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

39,848

1.7846 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

3,038

1.7838 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

714

1.7869 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

5,215

1.7791 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

361

1.7838 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Closing Long

147,271

0.0000 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Closing Long

400,358

0.0000 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Closing Long

1,052,371

0.0000 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

83,706

1.7784 USD

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

2,383

1.7808 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

13,860

1.7800 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

144,830

0.0000 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

93,724

1.7794 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

1,252

0.4115 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Short

2,197

1.7779 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

28,370

1.7779 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

25,400

1.7894 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

17,559

0.4114 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

3,544

1.7780 GBP

LondonMetric Property plc 10p ordinary

CFD

Closing Short

188

1.7778 GBP

LondonMetric Property plc 10p ordinary

CFD

Opening Long

34,643

1.7778 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

55,690

1.7841 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Closing Short

11,609

0.4175 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

17,097

1.7800 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

4,200

1.7798 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

3,948

1.7782 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

1,407

1.7808 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

11,397

1.7800 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

4,741

1.7798 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Short

1,096

1.7808 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

561

1.7798 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

31,299

0.0000 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

85,087

0.0000 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

223,658

0.0000 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

31,959

1.7914 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

77

0.4100 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,288

1.7917 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Closing Short

11,592

0.4115 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Opening Long

13,313

0.4115 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

11,265

1.7900 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

74,449

0.4115 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

267

1.7780 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

20,517

1.7800 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

66,174

0.4115 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

5,568

1.7903 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Closing Long

13,313

0.4115 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Opening Short

9,808

0.4115 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Long

39,635

1.7843 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

10,142

1.7843 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

3,798

0.4135 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

13,954

1.7842 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

7,775

0.4270 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

468

1.7845 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

532

0.4115 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

7,945

1.7780 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

13,709

0.4118 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

131,416

1.7780 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

19,778

0.4270 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

68,587

1.7781 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

3,511

1.7864 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

4,033

0.4102 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

60

1.7830 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

15,865

1.7836 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

9,458

0.4127 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

97

1.7780 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

60,974

1.7839 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

247

1.7780 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

2,319

1.7858 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

416

1.7935 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1,513

1.7861 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

2,269

1.7920 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

20,589

1.7878 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

819

1.7910 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

104,488

1.7836 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

25,847

1.7836 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:

11 Sep 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213