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:

11 May 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:

LondonMetric Property plc 10p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1)

Relevant securities owned

and/or controlled:

10,325,018

0.44%

6,244,360

0.26%

(2)

Cash-settled derivatives:

and/or controlled:

7,261,730

0.31%

6,733,543

0.29%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

17,586,748

0.75%

12,977,903

0.55%

Class of relevant security:

Schroder Real Estate Investment Trust Limited ordinary NPV

Interests

Short Positions

Number

(%)

Number

(%)

(1)

Relevant securities owned

and/or controlled:

1,795,821

0.37%

571,507

0.12%

(2)

Cash-settled derivatives:

and/or controlled:

0

0.00%

1,355,772

0.27%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

1,795,821

0.37%

1,927,279

0.39%

(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

LondonMetric Property plc 10p ordinary

Purchase

1,403,896

1.8880 GBP

1.8747 GBP

LondonMetric Property plc 10p ordinary

Sale

2,008,470

1.8938 GBP

1.8750 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

32,763

0.4830 GBP

0.4793 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

22,735

0.4864 GBP

0.4765 GBP

(b)

Cash-settled derivative transactions

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

reference

unit

security

securities

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

23

0.4800 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

85

0.4806 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

7,297

0.4830 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Short

418

0.4786 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Short

2,417

0.4829 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

6,959

1.8755 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

14,577

1.8766 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

197,472

1.8767 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

89,459

1.8769 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

9,544

1.8771 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

28,194

1.8774 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

29,445

1.8782 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1,112

1.8786 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

9,428

1.8790 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

12,445

1.8795 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

996,972

1.8880 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

93,305

1.8919 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

692

1.8938 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

926

1.8940 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

494

1.8760 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

359,071

1.8770 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

7,000

1.8771 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1

1.8772 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

11,054

1.8774 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

14,291

1.8777 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

7,420

1.8784 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

21,435

1.8792 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

115,599

1.8793 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

6,085

1.8794 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

2,739

1.8796 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

24,555

1.8799 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

26,800

1.8802 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

6,118

1.8808 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

176,392

1.8813 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

10,541

1.8819 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

21,600

1.8826 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

59,681

1.8832 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

3,782

1.8858 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

2,692

1.8938 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

30

1.8770 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

2,692

1.8771 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

93,093

1.8772 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

1

1.8800 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:

12 May 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213