Form8.5EPT/NonRILONDONMETRICPROPERTYPL Replacement

FORM 8.5 (EPT/NON-RI)

Amendment - this form replaces RNS number 1562T published at 08:40 on 16/02/2026, changes made to section 2A,3A

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

LONDONMETRIC PROPERTY PLC

relevant securities this form relates:

(c)

Name of the party to the offer with which exempt

PICTON PROPERTY INCOME LTD

principal trader is connected

(d)

Date position held/dealing undertaken:

13 Feb 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:

10p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1)

Relevant securities owned

and/or controlled:

13,457,651

0.57%

11,275,839

0.48%

(2)

Cash-settled derivatives:

and/or controlled:

10,045,403

0.43%

6,986,585

0.30%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

23,503,054

1.00%

18,262,424

0.78%

(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

10p ordinary

Purchase

2,970,449

2.1340 GBP

2.0594 GBP

10p ordinary

Sale

6,361,364

2.1340 GBP

2.0658 GBP

(b)

Cash-settled derivative transactions

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

reference

unit

security

securities

10p ordinary

SWAP

Increasing Long

639

2.0658 GBP

10p ordinary

SWAP

Increasing Long

93,600

2.0701 GBP

10p ordinary

SWAP

Increasing Long

20,479

2.0884 GBP

10p ordinary

SWAP

Increasing Long

65,365

2.0906 GBP

10p ordinary

SWAP

Increasing Long

6,784

2.0919 GBP

10p ordinary

SWAP

Increasing Long

2,664

2.0940 GBP

10p ordinary

SWAP

Increasing Long

312,648

2.0983 GBP

10p ordinary

SWAP

Increasing Long

89,099

2.0999 GBP

10p ordinary

SWAP

Increasing Long

923,562

2.1034 GBP

10p ordinary

SWAP

Increasing Long

321,714

2.1039 GBP

10p ordinary

SWAP

Increasing Long

93,560

2.1049 GBP

10p ordinary

SWAP

Increasing Long

56,606

2.1054 GBP

10p ordinary

SWAP

Increasing Long

50,359

2.1063 GBP

10p ordinary

SWAP

Increasing Long

70

2.1084 GBP

10p ordinary

SWAP

Increasing Long

80

2.1085 GBP

10p ordinary

SWAP

Increasing Long

18,708

2.1106 GBP

10p ordinary

SWAP

Increasing Long

2,394

2.1109 GBP

10p ordinary

SWAP

Increasing Long

135,345

2.1136 GBP

10p ordinary

SWAP

Increasing Long

19,660

2.1154 GBP

10p ordinary

SWAP

Increasing Long

108,800

2.1158 GBP

10p ordinary

SWAP

Increasing Long

4,798

2.1175 GBP

10p ordinary

SWAP

Increasing Long

190,910

2.1178 GBP

10p ordinary

SWAP

Increasing Long

474,560

2.1179 GBP

10p ordinary

SWAP

Increasing Long

1,267,848

2.1180 GBP

10p ordinary

SWAP

Increasing Long

8,483

2.1198 GBP

10p ordinary

SWAP

Increasing Long

10,507

2.1204 GBP

10p ordinary

SWAP

Decreasing Long

282,257

2.0642 GBP

10p ordinary

SWAP

Decreasing Long

266,165

2.0725 GBP

10p ordinary

SWAP

Decreasing Long

7,085

2.0759 GBP

10p ordinary

SWAP

Decreasing Long

2,405

2.0760 GBP

10p ordinary

SWAP

Decreasing Long

1,405

2.0867 GBP

10p ordinary

SWAP

Decreasing Long

10,253

2.0868 GBP

10p ordinary

SWAP

Decreasing Long

7,968

2.0887 GBP

10p ordinary

SWAP

Decreasing Long

83

2.0925 GBP

10p ordinary

SWAP

Decreasing Long

20

2.0930 GBP

10p ordinary

SWAP

Decreasing Long

413

2.0963 GBP

10p ordinary

SWAP

Decreasing Long

222,801

2.1006 GBP

10p ordinary

SWAP

Decreasing Long

94

2.1031 GBP

10p ordinary

SWAP

Decreasing Long

164

2.1032 GBP

10p ordinary

SWAP

Decreasing Long

31

2.1052 GBP

10p ordinary

SWAP

Decreasing Long

4,761

2.1068 GBP

10p ordinary

SWAP

Decreasing Long

58,501

2.1088 GBP

10p ordinary

SWAP

Decreasing Long

5,385

2.1095 GBP

10p ordinary

SWAP

Decreasing Long

47

2.1114 GBP

10p ordinary

SWAP

Decreasing Long

353

2.1132 GBP

10p ordinary

SWAP

Decreasing Long

26,184

2.1145 GBP

10p ordinary

SWAP

Decreasing Long

679

2.1146 GBP

10p ordinary

SWAP

Decreasing Long

39,913

2.1167 GBP

10p ordinary

SWAP

Decreasing Long

346,117

2.1180 GBP

10p ordinary

SWAP

Decreasing Long

16,661

2.1215 GBP

10p ordinary

SWAP

Decreasing Long

174

2.1221 GBP

10p ordinary

CFD

Decreasing Short

4,625

2.0825 GBP

10p ordinary

CFD

Decreasing Short

208

2.0860 GBP

10p ordinary

CFD

Decreasing Short

141,662

2.0993 GBP

10p ordinary

CFD

Decreasing Short

2,014

2.1079 GBP

10p ordinary

CFD

Decreasing Short

51,446

2.1116 GBP

10p ordinary

CFD

Decreasing Short

301,760

2.1139 GBP

10p ordinary

CFD

Decreasing Short

26,881

2.1178 GBP

10p ordinary

CFD

Opening Long

132,703

2.1179 GBP

10p ordinary

CFD

Opening Short

151,401

2.0965 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:

18 Feb 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213