Barclays Regulatory News (BARC)

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:

23 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:

15,286,686

0.65%

4,733,971

0.20%

(2) Cash-settled derivatives:

6,769,067

0.29%

12,348,631

0.53%

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

0

0.00%

0

0.00%

TOTAL: 

22,055,753

0.94%

17,082,602

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:

1,609,717

0.33%

366,354

0.07%

(2) Cash-settled derivatives:

74,086

0.02%

1,167,782

0.24%

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

0

0.00%

0

0.00%

TOTAL: 

1,683,803

0.34%

1,534,136

0.31%

(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

1393938

1.8374 GBP

1.8220 GBP

LondonMetric Property plc 10p ordinary

Sale

1044850

1.8370 GBP

1.8220 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

45796

0.4565 GBP

0.4534 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

33657

0.4582 GBP

0.4515 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

1,053

1.8274 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,503

1.8327 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

12,131

1.8329 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

400

1.8297 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

76,502

1.8287 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

104,711

1.8300 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

48,147

1.8302 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Short

51,193

1.8301 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

89,352

1.8167 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Long

217,386

1.8300 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

23,330

1.8284 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

782

1.8287 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

193

1.8308 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

2

1.8300 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

3,491

1.8260 GBP

LondonMetric Property plc 10p ordinary

CFD

Opening Long

1,700

1.8290 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

2,331

1.8303 USD

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,453

1.8327 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,192

1.8327 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

40,283

1.8332 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

309

1.8274 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

18,334

1.8297 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

1

1.8300 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

2,303

1.8274 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

446

1.8305 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

4,260

1.8312 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,686

1.8316 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

16,555

1.8271 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

20,660

1.8292 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

292,291

1.8155 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

74,670

1.8267 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

141

1.8280 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

7,748

1.8361 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

79,011

1.8220 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

218,099

1.8305 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

489

1.8316 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

3,990

1.8316 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

45,391

1.8298 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

9,865

1.8359 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

327

1.8318 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

421

1.8220 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

47,688

1.8300 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

11,193

1.8300 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

6,199

1.8272 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

15,283

1.8353 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

4,006

1.8300 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

3,974

1.8330 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

10,918

1.8340 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

228

1.8293 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

43,996

1.8336 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

74

1.8280 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

1,763

1.8318 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

56,423

1.8297 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

53,479

1.8300 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

5,253

1.8310 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

8,017

0.4550 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

13,739

0.4550 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

18,520

0.4582 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

2,829

0.4540 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

2,600

0.4550 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

9,933

0.4528 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

421

0.4550 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:

24 Jun 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213