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

 A CONSORTIUM COMPRISING LONDONMETRIC PROPERTY PLC AND SCHRODER REAL ESTATE INVESTMENT TRUST LIMITED

relevant securities this form relates:

(c)

Name of the party to the offer with which exempt

 A CONSORTIUM COMPRISING LONDONMETRIC PROPERTY PLC AND SCHRODER REAL ESTATE INVESTMENT TRUST LIMITED

principal trader is connected

(d)

Date position held/dealing undertaken:

28 Aug 2026

(e)

In addition to the company in 1(b) above, is the exempt principal

YES:

trader making disclosures in respect of any other party to the offer?

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:

1,351,787

0.28%

1,940,767

0.40%

(2)

Cash-settled derivatives:

and/or controlled:

1,940,767

0.40%

1,331,684

0.27%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

3,292,554

0.67%

3,272,451

0.67%

Class of relevant security:

LondonMetric Property plc 10p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1)

Relevant securities owned

and/or controlled:

17,769,872

0.76%

6,993,623

0.30%

(2)

Cash-settled derivatives:

and/or controlled:

7,432,091

0.32%

12,402,998

0.53%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

25,201,963

1.07%

19,396,621

0.83%

(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)

Purchases and sales

Class of relevant

Purchase/sale

Total number of

Highest price per unit

Lowest price per unit

security

securities

paid/received

paid/received

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

71,507

0.4395 GBP

0.4354 GBP

LondonMetric Property plc 10p ordinary

Purchase

1,422,115

1.8974 GBP

1.8813 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

634,999

0.4369 GBP

0.4330 GBP

LondonMetric Property plc 10p ordinary

Sale

1,302,669

1.8970 GBP

1.8817 GBP

(b)

Cash-settled derivative transactions

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

reference

unit

security

securities

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

2,253

1.8897 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

244

1.8891 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Short

68,143

1.8902 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

38,863

1.8902 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

19,457

1.8868 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

246

1.8904 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

76,213

1.8900 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

368,167

0.4330 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

43

1.8930 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

272,373

1.8900 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

16,956

0.4394 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

8,217

1.8899 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

73,128

1.8867 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

205,142

0.4330 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

2,142

1.8914 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

3,524

0.4394 GBP

LondonMetric Property plc 10p ordinary

CFD

Opening Short

5,929

1.8882 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

5,000

0.4329 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

54,882

1.8899 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

2,372

0.4360 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

68,754

1.8890 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

72,432

1.8889 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

5,179

1.8861 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

577,924

1.8900 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

20

1.8863 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

8,031

1.8894 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

20

1.8877 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

56,007

1.8904 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

49,035

1.8904 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

609

1.8897 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

16,821

1.8904 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

3,894

1.8904 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

67,761

1.8903 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

881

1.8903 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

2,735

1.8897 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

398

1.8901 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

972

1.8903 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

609

1.8844 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,397

1.8905 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

100

1.8910 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

8,448

1.8901 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

1

0.4395 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

702

1.8919 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

49,818

1.8908 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

19,872

1.8901 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

1

0.4395 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

29,516

1.8900 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

5,894

1.8813 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

2

1.8904 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

165

1.8844 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

725

1.8844 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

46

1.8900 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

283

1.8869 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

4,318

0.4395 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

442

1.8890 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

29,249

1.8844 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

91

0.4395 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

72,730

1.8900 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

203

1.8850 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

3,284

1.8890 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

22,005

1.8900 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

6,276

1.8838 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

4,499

1.8832 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

6,056

1.8900 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

8,145

1.8900 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

85,765

1.8898 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Long

725

1.8900 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

29,708

1.8900 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

16,478

1.8895 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

9,729

1.8900 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

58,559

1.8900 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

9,833

1.8820 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

3,270

1.8872 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

3,487

1.8843 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

40,710

1.8883 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

12,159

1.8941 GBP

(c)

Stock-settled derivative transactions (including options)

(i)

Writing, selling, purchasing or varying

Class

Product

Writing,

Number

Exercise

Type

Expiry

Option

of

description

purchasing,

of

price

date

money

relevant

selling,

securities

per unit

paid/

security

varying etc

to which

received

option

per unit

relates

(ii)

Exercising

Class of relevant

Product description

Exercising/ exercised against

Number of

Exercise price per

security

securities

unit

(d)

Other dealings (including subscribing for new securities)

Class of relevant

Nature of Dealings

Details

Price per unit (if

security

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:

01 Sept 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213