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:

16 Apr 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:

10,713,615

0.46%

10,939,479

0.47%

(2) Cash-settled derivatives:

11,195,199

0.48%

6,523,951

0.28%

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

0

0.00%

0

0.00%

TOTAL: 

21,908,814

0.93%

17,463,430

0.74%

Class of relevant security:

Schroder Real Estate Investment Trust Limited ordinary NPV

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

1,527,765

0.31%

280,725

0.06%

(2) Cash-settled derivatives:

0

0.00%

1,349,386

0.28%

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

0

0.00%

0

0.00%

TOTAL: 

1,527,765

0.31%

1,630,111

0.33%

(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

391545

1.9790 GBP

1.9224 GBP

LondonMetric Property plc 10p ordinary

Sale

2151309

1.9788 GBP

1.9368 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

34632

0.5069 GBP

0.5031 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

76958

0.5064 GBP

0.5023 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

6,122

1.9349 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

733

1.9368 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

533

1.9438 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

2,789

1.9440 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

85,358

1.9450 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

23,341

1.9456 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1,152,175

1.9460 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1,216

1.9461 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

13,756

1.9468 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

724

1.9477 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

4,857

1.9492 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

16,065

1.9554 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

282

1.9586 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

313,181

1.9593 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

152,125

1.9610 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

19,372

1.9624 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

6,894

1.9628 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

15,781

1.9719 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

5,812

1.9310 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

5,500

1.9311 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

10,461

1.9452 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

21,834

1.9460 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

2,330

1.9462 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

67,528

1.9463 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

6,634

1.9466 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

54

1.9475 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

9,298

1.9506 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

11,345

1.9569 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

4,486

1.9586 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

26,596

1.9694 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

4,342

0.5030 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

42

0.5032 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

103

0.5043 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

5,658

0.5050 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

197

0.5050 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Short

12,981

0.5049 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Short

866

0.5030 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

20,246

1.9458 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

71,771

1.9565 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

2

1.9350 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:

17 Apr 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213