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:

26 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:

16,177,928

0.69%

9,372,781

0.40%

(2) Cash-settled derivatives:

11,289,004

0.48%

12,708,808

0.54%

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

0

0.00%

0

0.00%

TOTAL: 

27,466,932

1.17%

22,081,589

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:

1,683,533

0.34%

400,250

0.08%

(2) Cash-settled derivatives:

138,655

0.03%

1,242,357

0.25%

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

0

0.00%

0

0.00%

TOTAL: 

1,822,188

0.37%

1,642,607

0.34%

(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

2425924

1.9160 GBP

1.8920 GBP

LondonMetric Property plc 10p ordinary

Sale

6140964

1.9160 GBP

1.8920 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

47514

0.4652 GBP

0.4559 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

66247

0.4633 GBP

0.4550 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

2,656

1.9007 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

3,454

1.9098 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

97,967

1.9026 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

36,258

1.8997 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

2,222

1.9073 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

261

1.9008 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

67,183

1.9160 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

2,335

1.9100 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

73,948

1.9157 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

57,841

1.9017 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Short

64,898

1.9070 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

1,677,744

1.9070 GBP

LondonMetric Property plc 10p ordinary

CFD

Opening Long

12,472

1.9158 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

1,606

1.9008 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

64

1.9021 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

307,818

1.8989 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

29,067

1.9017 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

668

1.9095 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

756

1.9098 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

316

1.9098 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

191,496

1.8926 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

360,425

1.9160 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

47,300

1.8926 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

766

1.9007 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

8,632

1.8926 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

7,471

1.9122 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

857

1.9070 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

12,836

1.9133 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

3,605

1.9136 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

100

1.9030 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

15,039

1.9105 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Long

922

1.8950 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

668

1.9095 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

8,050

1.9090 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Short

16,493

1.8951 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

43,573

1.8951 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

946,350

1.9070 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

1,905

1.9161 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

48

1.9060 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

5,446

1.9018 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

2,335

1.9100 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

288,381

1.9160 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

257,692

1.9160 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,025

1.9136 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

33,213

1.9160 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

6,345

1.9003 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

594

1.9055 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

43,411

1.9145 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

16,493

1.9028 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

3,336

1.9144 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

113,908

1.9008 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

594

1.9055 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

622

1.9010 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,961

1.8968 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

113

1.9069 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

69,888

1.9160 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

622

1.9010 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

596

1.8940 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

5,133

1.9036 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

12,654

1.8939 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

1,997,420

1.9160 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

596

1.8940 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

621

1.8985 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

163

1.9080 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

296

1.9160 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

621

1.8985 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

593

1.8980 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

20,342

1.8989 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

193,162

1.9160 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

593

1.8980 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

807

1.8950 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

108

1.9160 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

16,052

1.9020 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

807

1.8950 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

593

1.8950 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

16,666

1.9028 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

6,658

1.8986 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

593

1.8950 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

562

1.8915 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

582

1.9100 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

60,937

1.8966 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

562

1.8915 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

4,290

1.9007 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

10,565

1.9039 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Short

6,262

1.9042 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

11,550

1.9037 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

100,836

1.8977 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

5,244

0.4625 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

5,869

0.4625 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

373

0.4584 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

4,400

0.4636 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

3,140

0.4635 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

1,441

0.4645 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

37,505

0.4624 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

1,359

0.4635 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

14,747

0.4633 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

154

0.4625 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:

29 Jun 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213