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

 A CONSORTIUM COMPRISING LONDONMETRIC PROPERTY PLC AND SCHRODER REAL ESTATE INVESTMENT TRUST LIMITED

relevant securities this form relates:

(c)

Name of the party to the offer with which exempt

 A CONSORTIUM COMPRISING LONDONMETRIC PROPERTY PLC AND SCHRODER REAL ESTATE INVESTMENT TRUST LIMITED

principal trader is connected

(d)

Date position held/dealing undertaken:

29 May 2026

(e)

In addition to the company in 1(b) above, is the exempt principal

YES:

trader making disclosures in respect of any other party to the offer?

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:

9,897,904

0.42%

6,664,228

0.28%

(2)

Cash-settled derivatives:

and/or controlled:

7,465,640

0.32%

6,683,756

0.29%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

17,363,544

0.74%

13,347,984

0.57%

Class of relevant security:

Schroder Real Estate Investment Trust Limited ordinary NPV

Interests

Short Positions

Number

(%)

Number

(%)

(1)

Relevant securities owned and/or controlled:

1,562,582

0.32%

565,152

0.12%

(2)

Cash-settled derivatives:

and/or controlled:

67,946

0.01%

1,120,565

0.23%

(3)

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

0

0.00%

0

0.00%

TOTAL:

1,630,528

0.33%

1,685,717

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)

Purchases and sales

Class of relevant

Purchase/sale

Total number of

Highest price per unit

Lowest price per unit

security

securities

paid/received

paid/received

LondonMetric Property plc 10p ordinary

Purchase

2,643,340

1.9140 GBP

1.8970 GBP

LondonMetric Property plc 10p ordinary

Sale

2,096,565

1.9140 GBP

1.8969 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

267,083

0.4811 GBP

0.4770 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

236,751

0.4831 GBP

0.4770 GBP

(b)

Cash-settled derivative transactions

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

reference

unit

security

securities

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

114

1.8986 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

3,056

1.8979 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

33,106

1.9061 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

32,795

1.9062 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

5,414

1.8969 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

11,232

1.8969 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

85,354

1.897 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

13,440

1.8976 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1

1.9 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

20,050

1.897 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

85,400

1.9074 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

38,066

1.8975 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

149

1.8994 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

1

1.9 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

70,976

1.9075 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

15,264

1.9047 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

7,368

1.8974 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

700

1.8979 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

47

1.8986 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

276

1.8986 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

2,432

1.8979 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

48

1.8973 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

100

1.899 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

534

1.8969 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

910

1.897 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

20,050

1.9033 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Short

13,579

1.9033 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

8,514

1.9033 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

2,735

1.897 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

7,932

1.9043 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

12,530

1.8971 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

4,774

1.8971 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Long

8,514

1.8973 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

13,579

1.8973 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

308,669

1.8973 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

299

1.912 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

9,381

1.903 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

40,247

1.8971 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

28,800

1.9039 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

10,726

1.9069 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

6,830

1.897 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

11,816

1.897 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

3,968

1.9056 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

25,560

1.8973 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

7,234

1.9093 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

29,479

1.8973 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

30,575

1.9044 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

7,954

1.9102 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

4,779

1.897 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

68,189

1.9037 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1,872

1.9076 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

3,725

1.904 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

17,752

1.8973 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

3,580

0.4770 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

43,029

0.4769 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

4

0.4770 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

858

0.4834 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

4,371

0.4809 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

1,457

0.4805 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

5,164

0.4770 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

5,281

0.4831 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

858

0.4770 GBP

(c)

Stock-settled derivative transactions (including options)

(i)

Writing, selling, purchasing or varying

Class

Product

Writing,

Number

Exercise

Type

Expiry

Option

of

description

purchasing,

of

price

date

money

relevant

selling,

securities

per unit

paid/

security

varying etc

to which

received

option

per unit

relates

(ii)

Exercising

Class of relevant

Product description

Exercising/ exercised against

Number of

Exercise price per

security

securities

unit

(d)

Other dealings (including subscribing for new securities)

Class of relevant

Nature of Dealings

Details

Price per unit (if

security

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 Jun 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213