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:

14 May 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:

11,039,606

0.47%

6,380,959

0.27%

(2) Cash-settled derivatives:

7,223,369

0.31%

7,452,902

0.32%

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

0

0.00%

0

0.00%

TOTAL: 

18,262,975

0.78%

13,833,861

0.59%

Class of relevant security:

Schroder Real Estate Investment Trust Limited ordinary NPV

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

1,548,551

0.32%

620,252

0.13%

(2) Cash-settled derivatives:

55,511

0.01%

1,106,663

0.23%

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

0

0.00%

0

0.00%

TOTAL: 

1,604,062

0.33%

1,726,915

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

1772713

1.8660 GBP

1.8563 GBP

LondonMetric Property plc 10p ordinary

Sale

697495

1.8660 GBP

1.8530 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

14399

0.4708 GBP

0.4680 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

30490

0.4725 GBP

0.4685 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

8

1.8510 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1,524

1.8560 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

98,830

1.8569 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

55,571

1.8572 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

13,481

1.8579 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

4,082

1.8581 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

20,181

1.8582 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

5,900

1.8584 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

15,199

1.8589 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1,200

1.8637 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,697

1.8547 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

3,102

1.8565 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

294,544

1.8570 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

5,270

1.8572 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

56,834

1.8574 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

6,122

1.8576 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

87,328

1.8577 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

96

1.8578 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

22,191

1.8579 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

369,570

1.8580 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

152,357

1.8581 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

4,336

1.8593 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

6,379

1.8594 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

91,731

1.8595 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

47,347

1.8600 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

31,866

1.8604 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

26,451

1.8613 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

65

0.4695 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

39

0.4698 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

2,413

0.4700 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

520

0.4710 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

498

0.4680 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Short

27,000

0.4712 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Short

6,161

0.4680 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Short

257

0.4700 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

24,507

1.8598 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

1

1.8600 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

253

1.8639 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

2,272

1.8569 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

4,160

1.8570 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

588

1.8571 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

4,779

1.8572 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

82

1.8589 GBP

LondonMetric Property plc 10p ordinary

CFD

Opening Short

17,709

1.8592 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

66,793

1.8593 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:

15 May 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213