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:

01 Jul 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:

15,456,212

0.66%

9,033,427

0.39%

(2) Cash-settled derivatives:

10,652,749

0.45%

12,895,981

0.55%

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

0

0.00%

0

0.00%

TOTAL: 

26,108,961

1.11%

21,929,408

0.94%

Class of relevant security:

Schroder Real Estate Investment Trust Limited ordinary NPV

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

1,438,781

0.29%

179,316

0.04%

(2) Cash-settled derivatives:

179,316

0.04%

1,278,590

0.26%

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

0

0.00%

0

0.00%

TOTAL: 

1,618,097

0.33%

1,457,906

0.30%

(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

1763847

1.8812 GBP

1.8580 GBP

LondonMetric Property plc 10p ordinary

Sale

3177618

1.8810 GBP

1.8590 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

93022

0.4629 GBP

0.4580 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

109922

0.4646 GBP

0.4601 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 Short

2,053

1.8644 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

28,363

1.8727 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

388

1.8705 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

34,812

1.8674 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

16,768

1.8671 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

575

1.8756 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

23,720

1.8810 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

129,848

1.8809 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

51,201

1.8809 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Long

19,466

1.8645 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

3,234

1.8645 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

365,046

1.8680 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

3,902

1.8798 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

132,858

1.8773 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

2,386

1.8757 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

13,107

1.8674 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

816

1.8699 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

2,767

1.8813 USD

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

16,830

1.8727 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

6,022

1.8727 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

60,265

1.8807 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

638

1.8644 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

2,458

1.8812 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,543

1.8644 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

5,788

1.8795 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

3,717

1.8718 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

57,467

1.8722 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

6,466

1.8775 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

400

1.8684 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

600

1.8722 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

222

1.8697 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

6,025

1.8736 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

54,148

1.8804 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

29,346

1.8810 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Short

3,234

1.8696 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

5,966

1.8696 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

2,977

1.8810 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

3,902

1.8811 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

67,753

1.8810 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

82,555

1.8638 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

7,008

1.8653 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

2,010

1.8775 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

5,675

1.8775 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

403

1.8647 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

1,613

1.8647 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

10,486

1.8698 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

280,400

1.8810 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

9

1.8810 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

8,112

1.8639 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

31

1.8690 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

6,112

1.8658 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

7,647

1.8698 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

53,961

1.8694 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

3

1.8810 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

3,023

1.8710 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

151,365

1.8810 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

9,561

1.8675 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

60,384

1.8810 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

280,400

1.8810 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

6,828

1.8810 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

7,614

1.8680 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

11,227

1.8770 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

2,601

1.8709 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

41,859

1.8659 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

28,704

1.8672 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

62,618

1.8645 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

2,557

1.8705 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

386,821

1.8730 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

68,677

1.8704 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

7,827

1.8713 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

877

0.4640 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

3,562

0.4605 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Short

8,817

0.4605 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

932

0.4592 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

1,247

0.4640 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

3,700

0.4605 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

2,350

0.4620 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

20,000

0.4646 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

2,317

0.4620 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

3,140

0.4605 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:

02 Jul 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213