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:

23 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:

10,568,159

0.45%

6,413,939

0.27%

(2) Cash-settled derivatives:

7,241,474

0.31%

6,756,310

0.29%

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

0

0.00%

0

0.00%

TOTAL: 

17,809,633

0.76%

13,170,249

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:

1,554,766

0.32%

308,689

0.06%

(2) Cash-settled derivatives:

0

0.00%

1,345,638

0.28%

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

0

0.00%

0

0.00%

TOTAL: 

1,554,766

0.32%

1,654,327

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

1687359

1.9380 GBP

1.9200 GBP

LondonMetric Property plc 10p ordinary

Sale

1074661

1.9380 GBP

1.9190 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

67013

0.5050 GBP

0.4974 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

58822

0.5033 GBP

0.4975 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

2,803

1.9190 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

21,439

1.9228 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

235,124

1.9230 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

2,288

1.9238 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

797

1.9300 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

293

1.9317 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

41,476

1.9325 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

15,906

1.9336 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

122

1.9338 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

240

1.9348 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

72,504

1.9359 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

27,540

1.9367 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

5,626

1.9378 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

137,207

1.9380 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

6

1.9383 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

13,799

1.9228 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

169,886

1.9230 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

260,682

1.9238 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

5,460

1.9241 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

2,649

1.9254 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

151

1.9260 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

13,481

1.9261 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

100

1.9280 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

5,268

1.9308 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

14,946

1.9310 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

19,214

1.9332 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

13,649

1.9341 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

725,208

1.9380 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

1,007

0.4975 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

887

0.4975 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

2

0.4987 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

1

0.5005 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Short

4,343

0.5001 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Short

4,140

0.4975 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

12,655

1.9201 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

1,544

1.9318 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

1,544

1.9381 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:

24 Apr 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213