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 May 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:

10,815,267

0.46%

6,517,284

0.28%

(2) Cash-settled derivatives:

7,290,373

0.31%

7,632,286

0.33%

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

0

0.00%

0

0.00%

TOTAL: 

18,105,640

0.77%

14,149,570

0.60%

Class of relevant security:

Schroder Real Estate Investment Trust Limited ordinary NPV

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

1,529,340

0.31%

555,105

0.11%

(2) Cash-settled derivatives:

36,001

0.01%

1,085,461

0.22%

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

0

0.00%

0

0.00%

TOTAL: 

1,565,341

0.32%

1,640,566

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

1902008

1.8965 GBP

1.8680 GBP

LondonMetric Property plc 10p ordinary

Sale

2722172

1.8965 GBP

1.8650 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

44857

0.4815 GBP

0.4805 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

4201

0.4859 GBP

0.4814 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 Short

64,359

1.8679 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

372,231

1.8680 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

3,725

1.8695 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

15,585

1.8711 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

10,108

1.8736 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

6,548

1.8738 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

10,988

1.8740 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

141,743

1.8790 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

89,703

1.8793 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

39,370

1.8794 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

434,684

1.8800 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

69,339

1.8820 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

51,241

1.8826 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

7,598

1.8829 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

44,930

1.8843 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

33

1.8901 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

107

1.9030 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

45,547

1.8680 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

2,242

1.8682 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

13,278

1.8703 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

48

1.8708 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

17,300

1.8710 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

11,578

1.8712 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1

1.8720 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

16,643

1.8758 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

100

1.8770 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

125,327

1.8790 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

743

1.8792 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

189,444

1.8793 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

720

1.8804 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

5,001

1.8814 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

6,801

1.8816 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

607

1.8845 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

3,688

0.4815 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

4,089

0.4814 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Short

69

0.4810 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Short

123

0.4859 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Short

19,034

0.4805 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Short

756

0.4814 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Short

12,697

0.4815 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

7,204

1.8679 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

114,690

1.8799 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

8,502

1.8899 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

1

1.9000 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:

25 May 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213