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 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:

11,638,244

0.50%

8,869,400

0.38%

(2) Cash-settled derivatives:

9,200,065

0.39%

7,460,626

0.32%

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

0

0.00%

0

0.00%

TOTAL: 

20,838,309

0.89%

16,330,026

0.70%

Class of relevant security:

Schroder Real Estate Investment Trust Limited ordinary NPV

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

1,602,921

0.33%

290,796

0.06%

(2) Cash-settled derivatives:

0

0.00%

1,386,578

0.28%

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

0

0.00%

0

0.00%

TOTAL: 

1,602,921

0.33%

1,677,374

0.34%

(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

1629501

1.9140 GBP

1.8920 GBP

LondonMetric Property plc 10p ordinary

Sale

1187062

1.9140 GBP

1.8930 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

29830

0.5037 GBP

0.4959 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

41040

0.5031 GBP

0.4969 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

466

1.9032 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

5,190

1.9040 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

4,319

1.9054 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

3,343

1.9055 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

2,012

1.9058 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

7,673

1.9061 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1,150

1.9064 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

41,613

1.9069 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

23,297

1.9074 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

27,350

1.9086 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

18,585

1.9087 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

24,113

1.9089 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

60,708

1.9090 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

329,293

1.9100 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

259

1.9133 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

663

1.9134 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

2,665

1.8992 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

15,595

1.9021 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

30,515

1.9034 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

36,709

1.9038 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

5,800

1.9040 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

277,848

1.9046 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

29,248

1.9051 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

225,184

1.9052 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,106

1.9055 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

13,328

1.9061 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

22,092

1.9074 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

165,277

1.9090 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

513

1.9091 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

26,648

1.9092 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

8,656

1.9096 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

43

0.4988 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

2,717

0.4990 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

106

0.5007 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

4,705

0.4995 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

2,693

0.5000 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Short

1,923

0.4970 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Short

21,833

0.4995 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Short

14,651

0.4959 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Short

7,181

0.5000 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

2,879

1.9038 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

18,746

1.9054 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

157

1.9087 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

120,713

1.9091 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 Apr 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213