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:

14 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:

15,582,832

0.66%

9,069,255

0.39%

(2) Cash-settled derivatives:

10,475,398

0.45%

12,782,273

0.54%

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

0

0.00%

0

0.00%

TOTAL: 

26,058,230

1.11%

21,851,528

0.93%

Class of relevant security:

Schroder Real Estate Investment Trust Limited ordinary NPV

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

1,420,201

0.29%

83,981

0.02%

(2) Cash-settled derivatives:

83,939

0.02%

1,335,127

0.27%

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

0

0.00%

0

0.00%

TOTAL: 

1,504,140

0.31%

1,419,108

0.29%

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

567595

1.8913 GBP

1.8560 GBP

LondonMetric Property plc 10p ordinary

Sale

3336494

1.8920 GBP

1.8556 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

22294

0.4603 GBP

0.4558 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

49544

0.4596 GBP

0.4558 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

79,965

1.8644 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

19,790

1.8716 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

720

1.8835 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

71,777

1.8910 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

4,355

1.8910 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,945

1.8884 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

49,002

1.8896 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

1

1.8900 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

38,035

1.8706 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

138

1.8910 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

3,309

1.8681 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

22

1.8854 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

2,601

1.8843 GBP

LondonMetric Property plc 10p ordinary

CFD

Opening Long

2,873

1.8838 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

51,096

1.8860 GBP

LondonMetric Property plc 10p ordinary

CFD

Opening Long

1,602,642

1.8910 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

7,351

1.8833 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

617

1.8913 USD

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

2,062

1.8884 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

27,470

1.8857 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

13,200

1.8842 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

3,540

1.8912 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

35,153

1.8862 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

3

1.8908 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1,388

1.8907 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

6,649

1.8862 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

5,466

1.8862 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,612

1.8863 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

200

1.8860 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

100

1.8870 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

5,734

1.8836 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

3,197

1.8633 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

502,029

1.8910 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

32,900

1.8866 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

3,309

1.8908 GBP

LondonMetric Property plc 10p ordinary

CFD

Closing Long

2,873

1.8882 GBP

LondonMetric Property plc 10p ordinary

CFD

Opening Short

3,624

1.8882 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

12,205

1.8824 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

910

1.8913 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

9,698

1.8780 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

105,380

1.8910 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

8,795

1.8770 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

50

1.8910 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

3,474

1.8637 GBP

LondonMetric Property plc 10p ordinary

CFD

Closing Long

10,031

1.8910 GBP

LondonMetric Property plc 10p ordinary

CFD

Opening Short

42,476

1.8910 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

71,761

1.8908 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

2,409

1.8610 GBP

LondonMetric Property plc 10p ordinary

CFD

Closing Short

42,476

1.8731 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

8,243

1.8656 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

33,046

1.8839 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

18,293

1.8883 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

80,485

1.8867 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

8,142

1.8707 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,484

1.8678 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

39,303

1.8807 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

213,986

1.8817 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

1,441

0.4605 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Opening Short

1,816

0.4605 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

1,513

0.4605 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Short

1,971

0.4579 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

1,462

0.4593 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

3,501

0.4591 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

20,000

0.4596 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:

15 Jul 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213