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:

03 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:

15,687,694

0.67%

9,059,051

0.39%

(2) Cash-settled derivatives:

10,699,132

0.46%

13,219,777

0.56%

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

0

0.00%

0

0.00%

TOTAL: 

26,386,826

1.13%

22,278,828

0.95%

Class of relevant security:

Schroder Real Estate Investment Trust Limited ordinary NPV

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

1,455,390

0.30%

164,775

0.03%

(2) Cash-settled derivatives:

164,775

0.03%

1,304,684

0.27%

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

0

0.00%

0

0.00%

TOTAL: 

1,620,165

0.33%

1,469,459

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

758366

1.9010 GBP

1.8835 GBP

LondonMetric Property plc 10p ordinary

Sale

1533019

1.9000 GBP

1.8820 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

54369

0.4650 GBP

0.4575 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

47480

0.4642 GBP

0.4575 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

3,114

1.8936 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

5,768

1.8889 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

29,052

1.8922 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

13,039

1.8887 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

9,314

1.8883 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

12,504

1.8910 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

45

1.8860 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

484,688

1.8910 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

27,100

1.8965 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

333,477

1.9000 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

12,684

1.8911 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

66,414

1.8904 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

3,647

1.8904 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

51,999

1.8867 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

1,120

1.8990 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

103,026

1.8907 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

127

1.8889 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

28

1.8889 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

2,891

1.8907 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

14,856

1.8907 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

926

1.8936 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

4,367

1.8907 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

3,048

1.8936 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,402

1.8902 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

4,932

1.8898 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

2

1.8860 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

143,767

1.9000 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

288

1.8990 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

4,718

1.8869 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,480

1.8898 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

4,463

1.8898 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

120

1.8910 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

437

1.8950 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

54,061

1.8903 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

3,101

1.8860 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

330

1.8910 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

19,370

1.8955 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

7,381

1.8858 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

163,793

1.8910 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

53,740

1.8910 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

3,322

1.8835 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

10,141

1.8870 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

7,341

1.8909 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

608

1.8860 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

4,971

1.8865 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

81,003

1.8910 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

23,130

1.8846 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

2,013

1.8870 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1,421

1.8950 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

7,752

1.8893 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

24,401

1.8877 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

21,107

1.8913 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

8,966

1.8884 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

1,751

0.4575 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Opening Short

337

0.4575 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

2,241

0.4575 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

4,930

0.4632 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

426

0.4604 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

15,500

0.4613 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

27,237

0.4642 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

11,094

0.4575 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:

06 Jul 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213