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:

22 Jun 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:

15,143,478

0.65%

4,893,345

0.21%

(2) Cash-settled derivatives:

6,799,654

0.28%

12,079,728

0.52%

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

0

0.00%

0

0.00%

TOTAL: 

21,943,132

0.93%

16,973,073

0.72%

Class of relevant security:

Schroder Real Estate Investment Trust Limited ordinary NPV

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

1,594,335

0.33%

363,111

0.07%

(2) Cash-settled derivatives:

58,587

0.01%

1,153,130

0.24%

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

0

0.00%

0

0.00%

TOTAL: 

1,652,922

0.34%

1,516,241

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

2555453

1.8370 GBP

1.7961 GBP

LondonMetric Property plc 10p ordinary

Sale

1412280

1.8370 GBP

1.7970 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

9764

0.4600 GBP

0.4599 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

33270

0.4600 GBP

0.4586 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

Decreasing Long

1,844

1.8339 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

439

1.8224 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

2,512

1.8275 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

49,022

1.8157 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,738

1.8208 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

13,305

1.8243 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

575

1.8230 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

214,287

1.8370 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

24,495

1.8368 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

49,182

1.8369 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Long

27,431

1.8370 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

44,420

1.8370 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

10,100

1.8089 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Short

18,187

1.8020 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

178

1.8370 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

112

1.8029 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

5

1.8260 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

26,400

1.8198 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

3,299

1.8373 USD

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

447

1.8224 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

285

1.8224 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

216,370

1.8279 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

735

1.8275 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

277,444

1.8279 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

536

1.8339 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

180,906

1.8279 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

5

1.8146 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

3,551

1.8340 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

6,630

1.8127 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

25,549

1.8127 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

2

1.8144 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

7,082

1.8149 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

129,884

1.8169 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

10,474

1.8370 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

34

1.8370 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

2,567

1.8052 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

61,659

1.8360 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

79,063

1.8360 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

51,552

1.8360 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

2,592

1.8339 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

812

1.8207 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

3,247

1.8207 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

8,874

1.8141 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

53,386

1.8362 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

12,971

1.8261 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

2,355

1.8024 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

100

1.8240 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

14,340

1.8370 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

1,445

1.8126 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Short

161,333

1.8370 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

20,292

1.8224 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Long

4,230

1.8370 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

6,621

1.8296 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

25,169

1.8185 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

65

1.8370 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

418,556

1.8239 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

33,017

1.8225 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

539

1.8110 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

604

0.4600 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

632

0.4600 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

1,049

0.4600 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Short

8,387

0.4599 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

3,724

0.4586 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

15,873

0.4600 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

592

0.4600 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Closing Short

2,716

0.4600 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

3,373

0.4600 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:

23 Jun 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213