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:

21 Jul 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:

17,126,788

0.73%

6,314,756

0.27%

(2) Cash-settled derivatives:

7,448,896

0.32%

14,189,590

0.60%

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

0

0.00%

0

0.00%

TOTAL: 

24,575,684

1.05%

20,504,346

0.87%

Class of relevant security:

Schroder Real Estate Investment Trust Limited ordinary NPV

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

1,497,360

0.31%

121,319

0.02%

(2) Cash-settled derivatives:

121,295

0.02%

1,456,450

0.30%

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

0

0.00%

0

0.00%

TOTAL: 

1,618,655

0.33%

1,577,769

0.32%

(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

1130479

1.9280 GBP

1.9151 GBP

LondonMetric Property plc 10p ordinary

Sale

1483870

1.9280 GBP

1.9150 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

74400

0.4610 GBP

0.4547 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

70300

0.4604 GBP

0.4555 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 Short

100

1.9201 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

193

1.9191 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1,619

1.9196 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

10,693

1.9208 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

24,981

1.9218 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

2,524

1.9201 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

81,017

1.9170 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

145,287

1.9169 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

56,700

1.9227 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

441

1.9208 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

68,928

1.9195 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

6,009

1.9245 GBP

LondonMetric Property plc 10p ordinary

CFD

Opening Short

218,594

1.9170 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

2,943

1.9211 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

10,310

1.9234 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

88,898

1.9167 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

17,164

1.9186 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

146

1.9196 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

32

1.9201 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

4,851

1.9172 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

12,524

1.9172 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

282

1.9201 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

2,828

1.9196 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

2,091

1.9176 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,501

1.9172 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,233

1.9172 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,624

1.9173 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

138

1.9168 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

9,074

1.9204 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

100

1.9210 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

99

1.9198 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

26,630

1.9242 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

59,903

1.9170 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

20,688

1.9189 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

3,532

1.9235 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

38

1.9168 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

42

1.9168 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

94,068

1.9175 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

23,610

1.9170 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

6,832

1.9224 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

33,475

1.9220 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

8,534

1.9233 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

136,709

1.9236 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

29,639

1.9244 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

68,336

1.9170 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

40,608

1.9218 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

233,560

1.9232 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

4,121

1.9220 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

269,234

1.9217 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

4,096

1.9240 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

7,122

0.4560 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

1,692

0.4559 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

8,971

0.4560 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

326

0.4562 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

30

0.4546 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

11,322

0.4596 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

452

0.4555 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

4,650

0.4610 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:

22 Jul 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213