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:

03 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:

1,835,997

0.38%

73,428

0.02%

(2) Cash-settled derivatives:

72,820

0.01%

1,812,050

0.37%

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

0

0.00%

0

0.00%

TOTAL: 

1,908,817

0.39%

1,885,478

0.39%

Class of relevant security:

LondonMetric Property plc 10p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

17,256,055

0.73%

6,740,013

0.29%

(2) Cash-settled derivatives:

7,550,088

0.32%

12,579,699

0.54%

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

0

0.00%

0

0.00%

TOTAL: 

24,806,143

1.06%

19,319,712

0.82%

(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

1015695

0.4430 GBP

0.4312 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

725628

0.4570 GBP

0.4315 GBP

LondonMetric Property plc 10p ordinary

Purchase

767401

1.9830 GBP

1.9584 GBP

LondonMetric Property plc 10p ordinary

Sale

747851

1.9810 GBP

1.9580 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

Decreasing Short

93

0.4570 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

898

0.4570 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

1,678

0.4312 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

97,687

0.4347 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

18,242

0.4350 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

11,876

0.4350 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

22,422

0.4350 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

1,040

0.4570 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

5,636

0.4347 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

5,596

0.4406 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

56,785

0.4389 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

69,723

0.4380 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

73,896

0.4380 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

18,490

0.4350 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

2,817

0.4430 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

16,976

0.4384 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Long

775

1.9649 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

217

1.9651 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Long

167,809

1.9772 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

4,107

1.9772 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

56,964

1.9722 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

3,703

1.9590 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

57,901

1.9590 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

19,625

1.9740 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

23,015

1.9740 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,645

1.9740 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

26,863

1.9606 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

30,292

1.9589 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

44,900

1.9668 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

36

1.9590 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

4,254

1.9708 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

58

1.9603 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

2,389

1.9755 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

32,328

1.9598 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

593

1.9781 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1,049

1.9589 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,745

1.9740 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

35,039

1.9651 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Long

156

1.9649 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Long

54

1.9649 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

30,314

1.9587 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

3,437

1.9587 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

13,747

1.9591 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

50,805

1.9604 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Short

4,107

1.9719 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

8,818

1.9719 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Long

10,427

1.9705 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

875

1.9705 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

16,636

1.9595 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

44,585

1.9677 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

7,500

1.9735 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

3,178

1.9590 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

4,254

1.9591 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

112,192

1.9592 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

46,365

1.9735 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

927

1.9705 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

5,536

1.9711 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

14,705

1.9628 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

19,432

1.9590 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

23,859

1.9654 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

13

1.9590 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

3,835

1.9830 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

11,677

1.9605 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

3,600

1.9745 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

600

1.9720 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

11,748

1.9710 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

844

1.9681 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

6,231

1.9780 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

33,727

1.9704 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

38,923

1.9665 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

5,065

1.9746 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

18,610

1.9729 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:

05 Aug 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213