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:

21 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:

10,264,567

0.44%

8,196,399

0.35%

(2) Cash-settled derivatives:

8,909,595

0.38%

6,284,838

0.27%

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

0

0.00%

0

0.00%

TOTAL: 

19,174,162

0.82%

14,481,237

0.62%

Class of relevant security:

Schroder Real Estate Investment Trust Limited ordinary NPV

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

1,542,835

0.32%

284,084

0.06%

(2) Cash-settled derivatives:

0

0.00%

1,322,764

0.27%

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

0

0.00%

0

0.00%

TOTAL: 

1,542,835

0.32%

1,606,848

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

3135247

1.9570 GBP

1.9294 GBP

LondonMetric Property plc 10p ordinary

Sale

712782

1.9583 GBP

1.9303 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

31898

0.5050 GBP

0.5005 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

77136

0.5050 GBP

0.4985 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

300

1.9303 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

134,965

1.9310 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

46,667

1.9325 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

299

1.9338 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

122

1.9345 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

999

1.9438 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

397

1.9445 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

20,957

1.9484 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

121,675

1.9487 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

2,736

1.9500 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

51,452

1.9504 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

387

1.9507 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

5,029

1.9509 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

497

1.9510 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

2,903

1.9527 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

866

1.9538 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

3,434

1.9540 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

937

1.9550 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

2,736

1.9555 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

21,196

1.9558 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

2,736

1.9560 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

41

1.9294 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,298,884

1.9310 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

2,428

1.9311 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

20,543

1.9313 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

92,479

1.9326 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

26,534

1.9332 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,303

1.9350 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

48,096

1.9358 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

72,027

1.9378 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

68

1.9383 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

20,393

1.9390 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

132

1.9393 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

8,813

1.9401 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

6,591

1.9409 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

100

1.9440 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

8,514

1.9448 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

12,173

1.9497 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

2,736

1.9500 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

168,206

1.9507 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,097,336

1.9510 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

3,100

1.9540 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

2,736

1.9555 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

2,736

1.9560 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

5,346

0.4985 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

58

0.5015 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

27

0.5038 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

69

0.5039 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

27,139

0.5050 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Short

29,245

0.5049 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

48,664

1.9311 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

33

1.9460 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

8,996

1.9484 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

721

1.9311 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:

22 Apr 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213