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:

10 Jun 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:

10,955,079

0.47%

4,443,855

0.19%

(2) Cash-settled derivatives:

5,696,325

0.24%

8,300,891

0.35%

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

0

0.00%

0

0.00%

TOTAL: 

16,651,404

0.71%

12,744,746

0.54%

Class of relevant security:

Schroder Real Estate Investment Trust Limited ordinary NPV

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

1,458,090

0.30%

554,888

0.11%

(2) Cash-settled derivatives:

127,859

0.03%

1,016,215

0.21%

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

0

0.00%

0

0.00%

TOTAL: 

1,585,949

0.32%

1,571,103

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

4403349

1.8340 GBP

1.8120 GBP

LondonMetric Property plc 10p ordinary

Sale

3435011

1.8340 GBP

1.8108 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

64198

0.4764 GBP

0.4657 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

49262

0.4729 GBP

0.4670 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 Long

736

1.8182 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

5,731

1.8195 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

22,919

1.8195 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

11,315

1.8236 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

7,096

1.8295 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

352,220

1.8280 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

2,705

1.8127 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Short

89,160

1.8200 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

2,240

1.7950 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

22,131

1.8279 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,252

1.8296 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Short

338,639

1.8200 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

8,228

1.8214 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

49

1.8304 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

112,054

1.8234 GBP

LondonMetric Property plc 10p ordinary

CFD

Closing Long

8,927

1.8280 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

79,572

1.8244 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

2,946

1.8128 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

22,604

1.8240 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

23

1.8251 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

38,377

1.8291 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

80,320

1.8291 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

207

1.8182 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,504

1.8182 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

11,942

1.8288 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

51,385

1.8236 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

6,531

1.8276 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

705

1.8138 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

2,821

1.8138 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

39,970

1.8272 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

67

1.8242 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Long

22,131

1.8193 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

171,134

1.8193 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

124,725

1.8281 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

1,759

1.8133 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

14,669

1.8171 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,866

1.8276 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

13,202

1.8276 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

179,375

1.8248 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

8,798

1.8237 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

5,180

1.8219 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

13,629

1.8176 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

13,064

1.8156 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

79,523

1.8185 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

34,416

1.8259 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

7,754

1.8280 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

14,844

1.8222 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

158,067

1.8280 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

47,926

1.8174 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Long

958

1.8268 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

98,902

1.8268 GBP

LondonMetric Property plc 10p ordinary

CFD

Closing Short

20,826

1.8280 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

4,794

1.8213 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

375

1.8170 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

95,146

1.8280 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

232,211

1.8280 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

192,190

1.8200 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Short

48,196

1.8200 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

62,864

1.8200 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

215,244

1.8200 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

61,977

1.8108 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Long

340,085

1.8265 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

483,197

1.8265 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

50,536

1.8279 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

66,606

1.8282 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

27

0.4710 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

82

0.4705 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

2,612

0.4686 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

23,750

0.4707 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

959

0.4730 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

1,973

0.4730 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

2,007

0.4723 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

14,406

0.4657 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

7,212

0.4750 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

1,101

0.4750 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:

11 Jun 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213