LondonMetric Regulatory News (LMP)

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:

22 Apr 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:

10,300,056

0.44%

6,758,534

0.29%

(2) Cash-settled derivatives:

7,563,567

0.32%

6,409,936

0.27%

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

0

0.00%

0

0.00%

TOTAL: 

17,863,623

0.76%

13,168,470

0.56%

Class of relevant security:

Schroder Real Estate Investment Trust Limited ordinary NPV

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

1,521,678

0.31%

283,792

0.06%

(2) Cash-settled derivatives:

0

0.00%

1,345,958

0.28%

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

0

0.00%

0

0.00%

TOTAL: 

1,521,678

0.31%

1,629,750

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

2188449

1.9560 GBP

1.9340 GBP

LondonMetric Property plc 10p ordinary

Sale

715095

1.9555 GBP

1.9339 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

46128

0.4985 GBP

0.4940 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

66993

0.4978 GBP

0.4952 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

1,017

1.9339 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

7,144

1.9340 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

6,752

1.9342 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

79,496

1.9343 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

79,404

1.9360 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

283

1.9368 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

122,239

1.9390 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

65,935

1.9401 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

739

1.9402 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1,563

1.9417 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

36,491

1.9436 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

5,714

1.9439 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

69,323

1.9442 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

11,040

1.9450 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

5,549

1.9452 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1,145

1.9461 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

35,049

1.9481 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

5,600

1.9548 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

145,922

1.9340 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

122,263

1.9342 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1

1.9350 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

153

1.9351 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

35,644

1.9360 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

18,868

1.9364 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

512

1.9365 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

2,753

1.9370 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

41,860

1.9374 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

11,610

1.9378 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,072

1.9386 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,096,323

1.9390 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

13,993

1.9403 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

33,284

1.9417 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

72,593

1.9423 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

123,642

1.9430 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

278,841

1.9453 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

2,760

1.9477 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,034

1.9527 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

42

0.4954 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

106

0.4958 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

9,019

0.4940 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

4,042

0.4975 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

15,402

0.4985 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Short

5,121

0.4972 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

2,253

1.9353 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

4,734

1.9389 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:

23 Apr 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213