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:

27 Mar 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:

11,227,465

0.48%

7,778,362

0.33%

(2) Cash-settled derivatives:

8,348,950

0.36%

8,918,468

0.38%

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

0

0.00%

0

0.00%

TOTAL: 

19,576,415

0.84%

16,696,830

0.71%

Class of relevant security:

Schroder Real Estate Investment Trust Limited ordinary NPV

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

1,518,203

0.31%

207,783

0.04%

(2) Cash-settled derivatives:

0

0.00%

1,363,788

0.28%

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

0

0.00%

0

0.00%

TOTAL: 

1,518,203

0.31%

1,571,571

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

1270740

1.8120 GBP

1.7750 GBP

LondonMetric Property plc 10p ordinary

Sale

2216444

1.8120 GBP

1.7750 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

126087

0.4632 GBP

0.4554 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

71367

0.4678 GBP

0.4550 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

2,001

1.7817 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

79,414

1.7830 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

178

1.7860 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

4,832

1.7866 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

266,204

1.7868 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

171

1.7871 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

24,470

1.7878 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

1

1.7880 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

66,149

1.7881 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

26,379

1.7886 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

85,159

1.7891 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

61,741

1.7893 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

4

1.7897 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

72,481

1.7900 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

41,906

1.7903 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

2,340

1.7906 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

37,824

1.7907 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

817,846

1.7910 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

2,999

1.7917 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

160,960

1.8004 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

6,880

1.8006 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

13,094

1.7807 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

49,911

1.7811 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

10,837

1.7823 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,739

1.7829 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

63,883

1.7838 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

109,790

1.7845 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

12,431

1.7848 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

233,163

1.7851 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

73,101

1.7855 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

6,216

1.7859 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

20,056

1.7868 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

128

1.7902 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

92,132

1.7910 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

680

1.7911 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

14,764

1.7912 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

2,395

1.7913 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

58,050

1.7919 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

602

1.7921 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

212,305

1.8004 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,214

1.8021 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

4,703

0.4566 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

2

0.4580 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

3,223

0.4585 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

3

0.4598 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

31,273

0.4600 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

7,735

0.4620 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Short

9,030

0.4590 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

37,347

1.7802 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

195,658

1.7910 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

7

1.7914 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

1,765

1.7918 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

2,480

1.8118 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

94,384

1.7842 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

13,554

1.7910 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

2,480

1.7911 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

235

1.8028 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:

30 Mar 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213