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:

13 Aug 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:

Schroder Real Estate Investment Trust Limited ordinary NPV

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

1,708,995

0.35%

1,921,543

0.39%

(2) Cash-settled derivatives:

1,916,270

0.39%

1,688,892

0.35%

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

0

0.00%

0

0.00%

TOTAL: 

3,625,265

0.74%

3,610,435

0.74%

Class of relevant security:

LondonMetric Property plc 10p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

21,604,800

0.92%

5,584,613

0.24%

(2) Cash-settled derivatives:

6,103,362

0.26%

16,418,798

0.70%

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

0

0.00%

0

0.00%

(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

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

67093

0.4609 GBP

0.4579 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

47967

0.4624 GBP

0.4580 GBP

LondonMetric Property plc 10p ordinary

Purchase

1818612

1.9450 GBP

1.9270 GBP

LondonMetric Property plc 10p ordinary

Sale

1739338

1.9481 GBP

1.9270 GBP

(b)

Cash-settled derivative transactions

Class of relevant security

Product description

Nature of dealing

Number of reference securities

Price per unit

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

43

0.4592 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

2,615

0.4600 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

129

0.4592 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

2,000

0.4574 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

1,788

0.4599 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

490

0.4579 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Opening Short

53,826

0.4587 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

2,424

0.4600 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

3,090

0.4600 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

6,569

0.4601 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Short

28,970

0.4600 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Short

64

0.4625 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

202

1.9336 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1,915

1.9387 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

119,581

1.9386 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

840

1.9399 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

3,794

1.9383 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

173,695

1.9400 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

9,482

1.9320 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

7,281

1.9388 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

26,501

1.9399 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

17,100

1.9413 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

96,081

1.9401 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

380

1.9318 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

4,640

1.9358 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

4,066

1.9345 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

18

1.9299 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

7,573

1.9397 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

153

1.9336 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

815

1.9397 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

2

1.9400 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

5

1.9400 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

443

1.9336 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1,226

1.9387 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,256

1.9405 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Long

92,037

1.9408 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Long

214,257

1.9408 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

12,639

1.9408 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

3,642

1.9407 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

44,680

1.9408 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

771

1.9401 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

6,543

1.9357 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

26,376

1.9356 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

5,840

1.9396 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

684

1.9340 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

34,687

1.9404 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

6,800

1.9339 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

292

1.9270 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

3,633

1.9388 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

496

1.9401 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,471

1.9401 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

2,079

1.9426 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

599

1.9426 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

7,352

1.9426 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

1,190

1.9328 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

526

1.9353 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

4,301

1.9316 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

19,372

1.9392 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

9,553

1.9400 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

4,757

1.9328 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

54,649

1.9403 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,555

1.9400 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

40,046

1.9398 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

320

1.9300 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

3,426

1.9400 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

9,244

1.9393 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

2,707

1.9327 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

1,639

1.9377 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

26,081

1.9392 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:

14 Aug 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213