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:

30 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:

16,993,427

0.72%

9,156,871

0.39%

(2) Cash-settled derivatives:

10,851,055

0.46%

13,333,123

0.57%

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

0

0.00%

0

0.00%

TOTAL: 

27,844,482

1.19%

22,489,994

0.96%

Class of relevant security:

Schroder Real Estate Investment Trust Limited ordinary NPV

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

1,709,231

0.35%

432,866

0.09%

(2) Cash-settled derivatives:

162,141

0.03%

1,268,055

0.26%

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

0

0.00%

0

0.00%

TOTAL: 

1,871,372

0.38%

1,700,921

0.35%

(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

2465279

1.8965 GBP

1.8780 GBP

LondonMetric Property plc 10p ordinary

Sale

1,778,721

1.8970 GBP

1.8810 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

51341

0.4610 GBP

0.4580 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

47402

0.4610 GBP

0.4588 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

780

1.8941 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

5,418

1.8854 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

13,899

1.8928 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

17,229

1.8882 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

36,368

1.8851 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

61,046

1.8830 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

244,438

1.8830 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

10,100

1.8830 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

28,828

1.8830 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

240

1.8828 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

63,078

1.8830 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

1

1.8900 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

211,620

1.8870 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

64,758

1.8979 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

101,147

1.8827 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

19,065

1.8854 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

3,281

1.8854 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,048

1.8854 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

595,620

1.8832 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

104,421

1.8827 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

228

1.8941 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

31,025

1.8832 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

26,822

1.8827 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

51

1.8941 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

2,559

1.8827 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

1,328

1.8833 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

4,193

1.8833 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

600

1.8811 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

24,132

1.8836 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

13,607

1.8839 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

66,567

1.8830 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

40,343

1.8932 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1

1.8800 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,229

1.8833 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,020

1.8833 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

9,385

1.8830 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

450,671

1.8830 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

1,569

1.8948 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,647

1.8895 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

20,865

1.8882 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

7,871

1.8936 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

8,868

1.8858 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

28,625

1.8854 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

24,129

1.8815 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

2,055

1.8840 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

123,646

1.8830 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

21,883

1.8902 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

39,668

1.8898 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

84,054

1.8843 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

5,840

0.4605 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

6,025

0.4605 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Short

384

0.4614 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

546

0.4597 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

16,333

0.4610 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

901

0.4592 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

8,436

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:

01 Jul 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213