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:

15 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:

14,153,762

0.60%

4,442,296

0.19%

(2) Cash-settled derivatives:

5,851,961

0.25%

11,976,581

0.51%

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

0

0.00%

0

0.00%

TOTAL: 

20,005,723

0.85%

16,418,877

0.70%

Class of relevant security:

Schroder Real Estate Investment Trust Limited ordinary NPV

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

1,435,505

0.29%

504,206

0.10%

(2) Cash-settled derivatives:

98,797

0.02%

987,927

0.20%

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

0

0.00%

0

0.00%

TOTAL: 

1,534,302

0.31%

1,492,133

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

3661618

1.8910 GBP

1.8520 GBP

LondonMetric Property plc 10p ordinary

Sale

1360211

1.8892 GBP

1.8516 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

96658

0.4750 GBP

0.4729 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

36931

0.4804 GBP

0.4730 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

874

1.8603 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

73,831

1.8554 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

3,172

1.8580 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

534

1.8764 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

858

1.8892 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Long

2,093

1.8520 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

59,712

1.8520 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

22,848

1.8583 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

47,383

1.8597 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Long

21,441

1.8613 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

305

1.8583 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

44,157

1.8519 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

34,259

1.8583 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

29,000

1.8829 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

12

1.8516 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

1,135

1.8639 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

9,549

1.8912 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Long

34,067

1.8613 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

15,994

1.8613 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Short

22,733

1.8516 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

260

1.8603 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

2,948

1.8524 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

11,172

1.8525 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

2,238

1.8603 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

7,401

1.8534 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

37,030

1.8517 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

30,407

1.8517 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

42,469

1.8516 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

140

1.8544 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

4,488

1.8573 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

17,557

1.8573 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

445

1.8544 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

2,254,334

1.8520 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

143,524

1.8521 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

29,817

1.8558 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

11,900

1.8533 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

152

1.8608 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

44

1.8544 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

558

1.8544 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

1,422

1.8577 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

600

1.8586 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

9,122

1.8652 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

45,817

1.8519 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

5,683

1.8577 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

12,219

1.8569 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Long

50,259

1.8530 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

44,157

1.8530 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

17,023

1.8585 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,221

1.8590 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

102,143

1.8521 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

10,090

1.8577 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

2,257

1.8670 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

27

0.4739 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

3,591

0.4729 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

84

0.4739 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

148

0.4720 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

42,591

0.4738 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

1,785

0.4729 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

6,477

0.4730 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

5,192

0.4804 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

5,432

0.4750 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:

16 Jun 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213