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:

20 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:

10,386,321

0.44%

10,740,618

0.46%

(2) Cash-settled derivatives:

11,305,778

0.48%

6,263,314

0.27%

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

0

0.00%

0

0.00%

TOTAL: 

21,692,099

0.93%

17,003,932

0.73%

Class of relevant security:

Schroder Real Estate Investment Trust Limited ordinary NPV

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

1,566,306

0.32%

262,317

0.05%

(2) Cash-settled derivatives:

0

0.00%

1,384,648

0.28%

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

0

0.00%

0

0.00%

TOTAL: 

1,566,306

0.32%

1,646,965

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

850996

1.9675 GBP

1.9456 GBP

LondonMetric Property plc 10p ordinary

Sale

703990

1.9675 GBP

1.9399 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

55288

0.5060 GBP

0.4998 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

69943

0.5060 GBP

0.5025 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

30,384

1.9400 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

18,387

1.9468 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

548

1.9477 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

17,530

1.9478 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

245,042

1.9480 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

38,008

1.9481 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

392

1.9499 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

980

1.9504 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

374

1.9506 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

5,599

1.9519 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

114

1.9520 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

44,075

1.9531 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

45,212

1.9535 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

101,244

1.9545 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

5,357

1.9561 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

2,600

1.9564 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

891

1.9565 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

5,356

1.9571 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

13,033

1.9444 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

13,979

1.9458 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

3,691

1.9463 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

94,072

1.9477 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

49,351

1.9479 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

29,393

1.9497 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

6,920

1.9511 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

126,066

1.9516 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

12,621

1.9525 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

3,250

1.9530 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

4,724

1.9542 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

220,252

1.9550 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

49,974

1.9564 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

7,778

1.9585 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

18,418

1.9590 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

144

1.9614 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

763

1.9662 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

300

1.9700 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

32

0.5025 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

83

0.5030 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

5,701

0.5060 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Short

6,647

0.5059 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Short

2,806

0.5032 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

2,354

1.9481 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

27

1.9500 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

36,232

1.9574 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:

21 Apr 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213