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:

25 Jun 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:

15,322,526

0.65%

4,802,339

0.20%

(2) Cash-settled derivatives:

6,774,832

0.29%

11,880,107

0.51%

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

0

0.00%

0

0.00%

TOTAL: 

22,097,358

0.94%

16,682,446

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:

1,666,480

0.34%

364,464

0.07%

(2) Cash-settled derivatives:

91,330

0.02%

1,225,304

0.25%

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

0

0.00%

0

0.00%

TOTAL: 

1,757,810

0.36%

1,589,768

0.33%

(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

1831787

1.9213 GBP

1.8920 GBP

LondonMetric Property plc 10p ordinary

Sale

2915442

1.9209 GBP

1.8919 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

89329

0.4645 GBP

0.4550 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

58228

0.4627 GBP

0.4580 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 Long

1,841

1.9180 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

2,311

1.8989 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

46,281

1.9095 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

23,667

1.9098 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,097

1.9039 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

661

1.8920 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

111,800

1.8920 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

80,316

1.9032 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

8,807

1.8833 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

48,683

1.8919 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

32,000

1.9124 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Short

33,966

1.9050 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

8,643

1.9118 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

61,974

1.8921 GBP

LondonMetric Property plc 10p ordinary

CFD

Closing Long

19,488

1.8921 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

3,036

1.8911 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

16,135

1.8921 GBP

LondonMetric Property plc 10p ordinary

CFD

Opening Long

26,149

1.9062 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

329,725

1.9131 GBP

LondonMetric Property plc 10p ordinary

CFD

Closing Long

12

1.9068 GBP

LondonMetric Property plc 10p ordinary

CFD

Opening Short

16,100

1.9068 GBP

LondonMetric Property plc 10p ordinary

CFD

Opening Long

337,500

1.8920 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

2,979

1.8924 USD

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

64,076

1.9073 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

524

1.8989 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

136

1.8989 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

932

1.9180 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

70

1.8972 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

7,506

1.9180 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

16,430

1.8946 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,532

1.8977 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

100

1.9060 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

20,791

1.9103 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

284,294

1.8920 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

3,665

1.8850 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

360,484

1.8920 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

3,901

1.8963 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

1,700

1.8918 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

100,200

1.9159 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

70

1.8977 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

10,794

1.8972 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Long

317

1.8972 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

1,532

1.8972 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

18,957

1.8829 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Long

4,742

1.8920 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

152,013

1.8920 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

16,023

1.9079 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Long

866

1.8972 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

428,578

1.8793 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

639

1.8920 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

65,946

1.9175 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

73,037

1.8819 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

539

1.9040 GBP

LondonMetric Property plc 10p ordinary

CFD

Closing Short

34,331

1.8919 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

638

1.8910 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

22,259

1.9208 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

2,180

1.9142 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

18,699

1.9177 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

12,063

1.9131 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

2,066

1.9146 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

95,825

1.8925 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

17,503

1.9004 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

291

1.9190 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

65,626

1.9135 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

876

1.9188 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

84,095

1.8936 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

1,122

1.9156 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

2,636

1.8975 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

96,617

1.8920 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

232

1.8920 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,560

1.9030 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

12,690

1.9197 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

41,054

1.9152 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,941

1.9125 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

211,413

1.9143 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

188,369

1.9144 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

4,608

0.4595 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

5,672

0.4595 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Opening Short

4,513

0.4595 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

1,127

0.4559 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

15,000

0.4645 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

16,523

0.4611 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

1,000

0.4602 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

48,675

0.4627 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

10,655

0.4623 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

1,559

0.4594 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

10,760

0.4595 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:

26 Jun 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213