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:

21 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:

10,683,565

0.46%

5,565,418

0.24%

(2)

Cash-settled derivatives:

and/or controlled:

6,366,683

0.27%

7,519,519

0.32%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

17,050,248

0.73%

13,084,937

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:

1,520,719

0.31%

587,140

0.12%

(2)

Cash-settled derivatives:

and/or controlled:

59,221

0.01%

1,075,985

0.22%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

1,579,940

0.32%

1,663,125

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

1,920,556

1.8875 GBP

1.8635 GBP

LondonMetric Property plc 10p ordinary

Sale

2,050,210

1.8936 GBP

1.8644 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

47,242

0.4785 GBP

0.4680 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

50,656

0.4785 GBP

0.4697 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

Decreasing Short

162

1.8689 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

650

1.8690 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

391,213

1.8710 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

1

1.8750 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

4,436

1.8766 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

45,194

1.8774 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

128,214

1.8779 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

12,201

1.8797 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

6,492

1.8804 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

45,734

1.8810 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

122,089

1.8827 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

57,428

1.8836 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

60,254

1.8837 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

180,952

1.8839 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

239,519

1.8840 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

2,608

1.8900 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

4,816

1.8936 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

56,800

1.8635 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

71

1.8680 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

629

1.8709 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

91,970

1.8716 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,344

1.8758 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

229,041

1.8780 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

2,038

1.8800 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

2,264

1.8809 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

84,619

1.8811 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

194,253

1.8820 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

32,738

1.8823 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

78,246

1.8827 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

3,475

1.8830 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

25,346

1.8832 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

4,685

1.8838 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

277,504

1.8840 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

39,354

1.8841 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

3,182

1.8863 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

13

1.8692 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

88

1.8838 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

122,101

1.8765 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

21,511

1.8787 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

110,326

1.8832 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

83

0.4740 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

27

0.4747 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

4,120

0.4770 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

1,860

0.4785 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

620

0.4780 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Short

76

0.4719 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Short

27,489

0.4763 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Short

10,306

0.4779 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Short

988

0.4785 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Short

17,899

0.4680 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Short

145

0.4751 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Short

12,717

0.4780 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:

22 May 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213