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:

29 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:

10,794,838

0.46%

8,233,333

0.35%

(2) Cash-settled derivatives:

9,079,713

0.39%

7,163,523

0.31%

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

0

0.00%

0

0.00%

TOTAL: 

19,874,551

0.85%

15,396,856

0.66%

Class of relevant security:

Schroder Real Estate Investment Trust Limited ordinary NPV

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

1,564,187

0.32%

308,679

0.06%

(2) Cash-settled derivatives:

0

0.00%

1,402,511

0.29%

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

0

0.00%

0

0.00%

TOTAL: 

1,564,187

0.32%

1,711,190

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

797545

1.9020 GBP

1.8598 GBP

LondonMetric Property plc 10p ordinary

Sale

1042224

1.9119 GBP

1.8598 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

68253

0.4815 GBP

0.4715 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

60939

0.4815 GBP

0.4707 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

32,495

1.8598 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

262,096

1.8600 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

35,869

1.8607 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

6,291

1.8623 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

7,610

1.8636 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

169

1.8696 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

66

1.8728 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

30,671

1.8732 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

8,002

1.8751 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

8,734

1.8769 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

566

1.8775 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

5,152

1.8822 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

22,305

1.8824 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

30,000

1.8827 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

15,360

1.8870 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

23,823

1.8872 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

30,800

1.8913 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

401

1.9119 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

166,793

1.8600 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,417

1.8601 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

16,495

1.8602 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

25,328

1.8618 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

2,923

1.8620 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,080

1.8738 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

444

1.8756 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

62,561

1.8774 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,640

1.8790 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

2,717

1.8797 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

5,480

1.8800 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

2,073

1.8807 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

7,847

1.8867 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

4,157

1.8890 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,594

1.8901 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

8,262

1.8903 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

238

0.4715 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

8,305

0.4715 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

1

0.4720 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

5,257

0.4732 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

3,473

0.4735 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

2

0.4742 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Short

2,783

0.4742 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

93,092

1.8622 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

5,480

1.8729 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

10,821

1.8776 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

1,085

1.8601 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

69,736

1.8799 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:

30 Apr 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213