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:

25 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:

LondonMetric Property plc 10p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

17,469,652

0.74%

6,075,560

0.26%

(2) Cash-settled derivatives:

6,516,453

0.28%

12,313,755

0.52%

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

0

0.00%

0

0.00%

TOTAL: 

23,986,105

1.02%

18,389,315

0.78%

Class of relevant security:

Schroder Real Estate Investment Trust Limited ordinary NPV

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

1,882,443

0.38%

1,944,476

0.40%

(2) Cash-settled derivatives:

1,941,056

0.40%

1,862,340

0.38%

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

0

0.00%

0

0.00%

TOTAL: 

3,823,499

0.78%

3,806,816

0.78%

(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

764821

1.9540 GBP

1.9350 GBP

LondonMetric Property plc 10p ordinary

Sale

1472978

1.9531 GBP

1.9350 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

294539

0.4370 GBP

0.4336 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

229369

0.4379 GBP

0.4325 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

Decreasing Short

726

1.9467 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

8,273

1.9408 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

14,784

1.9449 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

31,975

1.9466 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

165,062

1.9450 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

165

1.9450 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

51,000

1.9459 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

2,014

1.9450 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

2,306

1.9403 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

4,735

1.9450 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

23,242

1.9454 GBP

LondonMetric Property plc 10p ordinary

CFD

Opening Short

13,487

1.9540 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

8,505

1.9461 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

3

1.9454 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

29,103

1.9464 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

86

1.9464 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

31,692

1.9447 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

113

1.9467 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

9,567

1.9447 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

3,429

1.9452 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

3,284

1.9452 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Long

15,366

1.9463 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

810

1.9467 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

10,483

1.9464 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

5,448

1.9462 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

81

1.9464 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

7,082

1.9477 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

555

1.9487 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

6,435

1.9480 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

2,885

1.9441 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

19,100

1.9482 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

486

1.9450 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

2,081

1.9451 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

22,174

1.9471 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

3

1.9376 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

5

1.9460 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

82

1.9464 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

546

1.9484 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

445

1.9470 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

142,424

1.9449 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

9,503

1.9486 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

7,708

1.9480 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

2,185

1.9484 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

9,379

1.9459 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

191,037

1.9450 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

17,831

1.9484 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

447

1.9420 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

11,088

1.9434 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

8,398

1.9468 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

8,697

1.9490 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

132,254

1.9450 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

48,172

1.9479 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

7,776

1.9430 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

5,093

1.9439 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

10,570

1.9466 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

65,169

1.9480 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

3,296

1.9488 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

1

0.4370 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

1,088

0.4325 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

4

0.4346 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

2,049

0.4337 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

4,690

0.4331 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Short

1

0.4400 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

9,038

0.4354 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

18,022

0.4335 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

7,697

0.4335 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

28,765

0.4335 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

32

0.4325 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

9,503

0.4365 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:

26 Aug 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213