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:

08 Jul 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:

16,053,132

0.68%

7,904,093

0.34%

(2) Cash-settled derivatives:

9,603,998

0.41%

13,529,744

0.58%

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

0

0.00%

0

0.00%

TOTAL: 

25,657,130

1.09%

21,433,837

0.91%

Class of relevant security:

Schroder Real Estate Investment Trust Limited ordinary NPV

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

1,432,863

0.29%

187,336

0.04%

(2) Cash-settled derivatives:

186,304

0.04%

1,305,386

0.27%

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

0

0.00%

0

0.00%

TOTAL: 

1,619,167

0.33%

1,492,722

0.31%

(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

2450830

1.8720 GBP

1.8410 GBP

LondonMetric Property plc 10p ordinary

Sale

1841868

1.8730 GBP

1.8440 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

14328

0.4634 GBP

0.4585 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

45186

0.4650 GBP

0.4585 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

2,950

1.8569 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

22,069

1.8684 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

15,423

1.8552 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

6,641

1.8552 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Long

57,228

1.8560 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

163,187

1.8560 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

888,438

1.8560 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

4,183

1.8652 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

1

1.8600 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

14,600

1.8638 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

3,123

1.8560 GBP

LondonMetric Property plc 10p ordinary

CFD

Closing Short

112,614

1.8558 GBP

LondonMetric Property plc 10p ordinary

CFD

Opening Long

46,529

1.8558 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

426

1.8558 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

28,088

1.8560 GBP

LondonMetric Property plc 10p ordinary

CFD

Closing Short

72,005

1.8523 GBP

LondonMetric Property plc 10p ordinary

CFD

Opening Long

8,855

1.8523 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

3,682

1.8409 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

37,997

1.8548 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

55,187

1.8562 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

31,833

1.8562 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

867

1.8569 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

15,385

1.8562 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

3,668

1.8569 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

11,101

1.8552 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

4,785

1.8562 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

5,018

1.8540 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

40,010

1.8469 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,400

1.8491 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

11,800

1.8536 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

4,736

1.8640 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

501,952

1.8560 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

12,097

1.8509 GBP

LondonMetric Property plc 10p ordinary

CFD

Closing Long

8,855

1.8523 GBP

LondonMetric Property plc 10p ordinary

CFD

Opening Short

1,618

1.8523 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

4,825

1.8597 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,476

1.8540 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

5,958

1.8540 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

164

1.8457 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

657

1.8457 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

8,144

1.8532 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

65,390

1.8560 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

3,000

1.8580 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

300

1.8470 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

92

1.8560 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

18,478

1.8560 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

22,085

1.8583 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

176,821

1.8562 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

6,792

1.8599 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

14

1.8557 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

10,751

1.8521 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

19,399

1.8493 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

172,149

1.8559 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

82,589

1.8560 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1,031

1.8720 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

6,159

1.8560 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

15,622

1.8483 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

1,189

1.8695 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

6,343

1.8636 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

12,689

1.8504 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

119,504

1.8496 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

19,376

1.8509 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

6,131

1.8590 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

134,418

1.8508 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

88,388

1.8540 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

2,155

0.4585 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Closing Short

647

0.4584 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Opening Long

2,438

0.4584 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

1,258

0.4585 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

331

0.4630 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

21,617

0.4622 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

3,310

0.4625 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Closing Long

2,438

0.4585 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

3,189

0.4632 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

459

0.4584 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

1,825

0.4625 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

4,587

0.4585 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:

09 Jul 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213