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:

26 May 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:

10,577,818

0.45%

6,383,400

0.27%

(2) Cash-settled derivatives:

7,199,168

0.31%

7,450,381

0.32%

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

0

0.00%

0

0.00%

TOTAL: 

17,776,986

0.76%

13,833,781

0.59%

Class of relevant security:

Schroder Real Estate Investment Trust Limited ordinary NPV

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

1,516,130

0.31%

541,506

0.11%

(2) Cash-settled derivatives:

29,906

0.01%

1,073,754

0.22%

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

0

0.00%

0

0.00%

TOTAL: 

1,546,036

0.32%

1,615,260

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

1593062

1.9010 GBP

1.8800 GBP

LondonMetric Property plc 10p ordinary

Sale

1696627

1.9070 GBP

1.8851 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

24081

0.4875 GBP

0.4815 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

23692

0.4875 GBP

0.4760 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

11,542

1.8865 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

152,748

1.8867 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

147,757

1.8869 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

91,515

1.8870 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

31,539

1.8872 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

128,210

1.8920 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

46,043

1.8935 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

4,659

1.8955 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

4,073

1.8959 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

4,208

1.8970 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

121,985

1.8987 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

125,390

1.8992 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

4,018

1.8994 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

7,829

1.9046 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

7,934

1.9049 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

21,304

1.9053 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

53

1.8810 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

29,759

1.8813 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

955

1.8821 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

2,964

1.8833 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

58,064

1.8869 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

200,663

1.8870 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

47,276

1.8872 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

7,438

1.8878 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

118,032

1.8882 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

716

1.8890 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,987

1.8901 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

14,737

1.8903 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

22,838

1.8924 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

102,135

1.8927 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

20,912

1.8929 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

78,468

1.8943 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

96,179

1.8950 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

3,907

1.8951 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

163

1.8972 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

3

0.4836 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

1,527

0.4859 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

10,176

0.4860 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

1

0.4875 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Short

2,826

0.4760 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Short

276

0.4814 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Short

2,396

0.4835 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Short

854

0.4864 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Short

10,000

0.4845 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Short

159

0.4859 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Short

2,288

0.4860 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

143

1.8961 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

12,951

1.8838 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:

27 May 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213