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:

08 Sep 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:

898,841

0.18%

2,418,569

0.49%

(2)

Cash-settled derivatives:

and/or controlled:

2,418,569

0.49%

878,738

0.18%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

3,317,410

0.68%

3,297,307

0.67%

Class of relevant security:

LondonMetric Property plc 10p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1)

Relevant securities owned

and/or controlled:

16,987,055

0.72%

8,609,032

0.37%

(2)

Cash-settled derivatives:

and/or controlled:

9,021,872

0.38%

11,507,177

0.49%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

26,008,927

1.11%

20,116,209

0.86%

(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

99,325

0.4441 GBP

0.4336 GBP

LondonMetric Property plc 10p ordinary

Purchase

836,907

1.8400 GBP

1.8159 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

158,448

0.4460 GBP

0.4325 GBP

LondonMetric Property plc 10p ordinary

Sale

1,315,944

1.8275 GBP

1.8145 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

1,327

1.8207 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

316

1.8249 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

2,639

1.8243 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

3,805

1.8212 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

2,330

1.8229 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1,854

1.8227 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

800

1.8248 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

148

1.8218 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

27,388

1.8216 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

21

1.8242 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

48,664

1.8250 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

9,841

1.8233 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

12

0.4450 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

97

1.8400 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

5,571

0.4400 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

94,646

1.8249 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

12,800

1.8159 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

6

0.4404 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

4,296

1.8275 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Short

15,424

0.4400 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

2,647

0.4476 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

4,999

0.4234 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

59,272

1.8251 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Short

5,040

0.4424 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

11,484

0.4392 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

33,247

1.8250 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

34,784

1.8249 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Short

13,848

1.8249 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

5

1.8180 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

5,229

1.8254 USD

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

27,909

1.8245 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

94

1.8251 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,591

1.8252 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

188

1.8243 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,054

1.8252 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

565

1.8207 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

3,383

1.8207 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

4,174

1.8243 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

10,644

1.8251 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

3,267

1.8253 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

171

1.8248 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

21,327

1.8183 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

3,156

1.8242 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

2

0.4370 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

3,121

1.8244 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

1,381

0.4429 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

1,341

1.8313 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

44,400

1.8207 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

545

0.4411 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

957

1.8250 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

1

0.4300 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

9,920

1.8233 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

13,848

1.8249 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

396

1.8250 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

496

1.8232 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

328

1.8232 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

144

1.8248 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

3,792

1.8248 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

182

0.4414 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

812

1.8233 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

2,810

0.4400 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

49,166

1.8231 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

42,400

1.8248 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

4,558

0.4400 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

433

1.8250 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

28

1.8144 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

3,877

0.4400 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

4,248

1.8230 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

21,651

0.4400 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

34,236

1.8250 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

849

0.4425 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

16,514

1.8250 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

36

1.8400 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

5,331

0.4445 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

393

1.8160 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

469

0.4400 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

5,430

0.4430 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

6,195

1.8173 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

28,492

0.4438 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

12,026

1.8249 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

10,200

1.8203 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

481

1.8240 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

43,379

1.8246 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

319

1.8250 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

157

1.8250 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

73,590

1.8250 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

10,376

1.8225 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

1,877

1.8174 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

107,255

1.8232 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,817

1.8259 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

20,562

1.8248 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:

09 Sep 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213