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:

27 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:

10,807,605

0.46%

6,123,121

0.26%

(2) Cash-settled derivatives:

6,932,841

0.30%

7,051,558

0.30%

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

0

0.00%

0

0.00%

TOTAL: 

17,740,446

0.76%

13,174,679

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:

1,558,231

0.32%

327,263

0.07%

(2) Cash-settled derivatives:

0

0.00%

1,365,952

0.28%

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

0

0.00%

0

0.00%

TOTAL: 

1,558,231

0.32%

1,693,215

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

2068466

1.9215 GBP

1.9130 GBP

LondonMetric Property plc 10p ordinary

Sale

2207706

1.9220 GBP

1.9080 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

68896

0.4820 GBP

0.4779 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

73396

0.4922 GBP

0.4785 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

Decreasing Short

250,343

1.9080 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

3

1.9133 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

136,260

1.9158 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

18

1.9170 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

61,956

1.9176 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

41

1.9180 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

4,955

1.9182 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

102,979

1.9184 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

46

1.9191 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

2,190

1.9196 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

47,926

1.9197 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

50,679

1.9199 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

743,342

1.9200 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

433,120

1.9137 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

134

1.9140 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

6,660

1.9149 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,094

1.9152 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

18,569

1.9158 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

22,005

1.9160 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

3,794

1.9165 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

136,289

1.9166 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

85,434

1.9175 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

243,696

1.9179 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

72,467

1.9187 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

8,949

1.9188 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

25,408

1.9191 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

47,323

1.9198 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

50,949

1.9199 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

161,721

1.9200 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

232

1.9201 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

12

0.4796 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

4

0.4800 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

672

0.4780 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Short

5,234

0.4818 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Short

78

0.4775 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

26

1.9123 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

5,683

1.9134 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

241

1.9198 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:

28 Apr 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213