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:

07 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:

938,833

0.19%

2,399,438

0.49%

(2)

Cash-settled derivatives:

and/or controlled:

2,399,438

0.49%

918,730

0.19%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

3,338,271

0.68%

3,318,168

0.68%

Class of relevant security:

LondonMetric Property plc 10p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1)

Relevant securities owned

and/or controlled:

17,366,368

0.74%

8,509,308

0.36%

(2)

Cash-settled derivatives:

and/or controlled:

8,927,799

0.38%

11,892,759

0.51%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

26,294,167

1.12%

20,402,067

0.87%

(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

253,671

0.4455 GBP

0.4255 GBP

LondonMetric Property plc 10p ordinary

Purchase

741,534

1.8360 GBP

1.8210 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

557,724

0.4455 GBP

0.4293 GBP

LondonMetric Property plc 10p ordinary

Sale

773,797

1.8359 GBP

1.8210 GBP

(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

4,463

1.8291 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

408

1.8298 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

3,069

1.8295 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1,501

1.8286 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

944

1.8284 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

53,341

1.8294 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

19,403

1.8286 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

7,346

1.8284 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,616

1.8300 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

9,054

1.8293 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

279

0.4343 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

5,103

1.8360 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Long

239,187

0.4368 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

38,852

1.8300 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

4,839

0.4350 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

58,738

1.8299 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

17,084

1.8294 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

37,928

0.4392 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

6,508

1.8288 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Short

12,890

0.4350 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

5,000

0.4395 GBP

LondonMetric Property plc 10p ordinary

CFD

Closing Short

5,929

1.8298 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

5,000

0.4194 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

417

1.8298 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

14,916

0.4339 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

92,760

1.8283 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

139,790

1.8294 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

255

1.8333 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

6,928

1.8297 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

258

1.8298 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

2,965

1.8297 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,526

1.8297 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

1,540

1.8291 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,138

1.8300 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

4,425

1.8291 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

3

1.8300 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

20,625

1.8281 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

4,288

1.8292 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

12,551

1.8250 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

7,583

0.4393 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

6,670

1.8293 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

45,208

1.8300 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

1,369

0.4350 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

40,062

1.8283 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

19,416

1.8295 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

839

0.4342 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

13,726

1.8299 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

6

1.8230 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

1,495

1.8292 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

4,291

1.8292 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

2,572

1.8294 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

3,848

0.4390 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,094

1.8330 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

1,187

0.4350 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

3,758

1.8300 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

8,100

1.8285 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

7,150

0.4400 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

44,450

1.8300 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

36

1.8360 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

642

1.8319 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

2,343

0.4350 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

3,632

1.8316 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

20,276

0.4350 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,022

1.8300 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

12,500

1.8277 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

3,308

0.4350 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

3,635

1.8220 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

2,376

1.8359 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

5,659

0.4377 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

10,692

1.8296 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

4,616

0.4350 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

223,091

1.8300 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

3,674

0.4422 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

30,396

1.8289 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

5,074

0.4410 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

35,576

1.8300 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

21,303

0.4390 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

16,015

1.8294 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

28,363

0.4392 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

21,378

1.8300 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

5,204

0.4391 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

133

1.8260 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

415

1.8265 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

60

1.8255 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

861

1.8300 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

12,341

1.8279 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

47,783

1.8281 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

41,142

1.8291 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:

08 Sep 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213