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:

24 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:

15,672,376

0.67%

4,068,534

0.17%

(2) Cash-settled derivatives:

6,087,043

0.26%

12,298,627

0.52%

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

0

0.00%

0

0.00%

TOTAL: 

21,759,419

0.93%

16,367,161

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:

1,623,509

0.33%

352,594

0.07%

(2) Cash-settled derivatives:

71,101

0.01%

1,182,333

0.24%

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

0

0.00%

0

0.00%

TOTAL: 

1,694,610

0.35%

1,534,927

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

4278690

1.8970 GBP

1.8700 GBP

LondonMetric Property plc 10p ordinary

Sale

3227563

1.8942 GBP

1.8722 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

91796

0.4684 GBP

0.4602 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

64244

0.4660 GBP

0.4602 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

2,022

1.8824 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

9,781

1.8862 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

37,254

1.8821 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

21,487

1.8819 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

20,345

1.8772 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Long

147,484

1.8900 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

280,473

1.8900 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Short

21,498

1.8880 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Short

11,603

1.8827 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,637

1.8313 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

58,100

1.8836 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

34,549

1.8897 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

20,022

1.8898 GBP

LondonMetric Property plc 10p ordinary

CFD

Opening Long

20,776

1.8872 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

3,446

1.8478 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

247,967

1.8843 GBP

LondonMetric Property plc 10p ordinary

CFD

Closing Long

31,516

1.8827 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

17,014

1.8723 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

4,185

1.8737 GBP

LondonMetric Property plc 10p ordinary

CFD

Opening Long

12

1.8900 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

224,513

1.8823 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

8,001

1.8897 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

14,038

1.8862 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

6,201

1.8862 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

2,903

1.8897 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

7,309

1.8897 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

592

1.8824 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

303

1.8902 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

1,333

1.8897 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Short

12,327

1.8896 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

3,537

1.8824 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

7,830

1.8866 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

19,448

1.8859 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

11,043

1.8808 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

882

1.8811 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

832

1.8743 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

13,396

1.8256 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

10,000

1.8791 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

249

1.8835 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

1,288

1.8871 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

12,944

1.8901 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

84,659

1.8848 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

4,272

1.8855 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

5,620

1.8859 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

23,596

1.8859 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

99

1.8769 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

397

1.8769 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

176

1.8908 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

73,251

1.8260 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

3,429

1.8900 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

29,830

1.8833 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

3,893

1.8901 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

95,194

1.8314 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

8,968

1.8806 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

5,518

1.8836 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

11,312

1.8898 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

17,248

1.8842 GBP

LondonMetric Property plc 10p ordinary

CFD

Closing Long

100,088

1.8900 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

681

1.8480 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

25,166

1.8900 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

4,605

1.8703 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

20,863

1.8800 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

108,064

1.8896 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Long

45,967

1.8816 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

3,328

1.8816 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

6,528

1.8845 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

47,091

1.8849 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

5,825

1.8861 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

16,453

1.8795 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

1,338

1.8784 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

23,756

1.8832 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

2,628

1.8900 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

13,653

1.8786 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

2,434

0.4515 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

7,489

0.4635 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

2,337

0.4630 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

614

0.4620 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

686

0.4530 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

17,527

0.4626 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

3,850

0.4565 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

20,026

0.4684 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

6,332

0.4635 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

3,811

0.4654 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

1,346

0.4634 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:

25 Jun 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213