Schroders Regulatory News (SDR)

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

SCHRODERS PLC

relevant securities this form relates:

(c)

Name of the party to the offer with which exempt

SCHRODERS PLC

principal trader is connected

(d)

Date position held/dealing undertaken:

30 Jun 2026

(e)

In addition to the company in 1(b) above, is the exempt principal

NO

trader making disclosures in respect of any other party to the offer?

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:

20p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1)

Relevant securities owned

and/or controlled:

33,088,150

2.05%

1,171,128

0.07%

(2)

Cash-settled derivatives:

and/or controlled:

26,725

0.00%

30,976,367

1.92%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

33,114,875

2.06%

32,147,495

2.00%

(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

20p ordinary

Purchase

459,004

5.8750 GBP

5.8594 GBP

20p ordinary

Sale

264,012

5.8750 GBP

5.8550 GBP

(b)

Cash-settled derivative transactions

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

reference

unit

security

securities

20p ordinary

SWAP

Decreasing Short

90

5.8745 GBP

20p ordinary

SWAP

Decreasing Short

300

5.8599 GBP

20p ordinary

SWAP

Increasing Long

359

5.8750 GBP

20p ordinary

SWAP

Closing Short

326

5.8744 GBP

20p ordinary

SWAP

Opening Long

1,734

5.8744 GBP

20p ordinary

SWAP

Decreasing Short

46

5.8600 GBP

20p ordinary

SWAP

Decreasing Short

204

5.8600 GBP

20p ordinary

SWAP

Decreasing Short

26,428

5.8750 GBP

20p ordinary

SWAP

Decreasing Short

1,287

5.8750 GBP

20p ordinary

SWAP

Increasing Short

136,542

5.8600 GBP

20p ordinary

SWAP

Decreasing Short

7,464

5.8747 GBP

20p ordinary

SWAP

Decreasing Short

57,334

5.8730 GBP

20p ordinary

SWAP

Decreasing Short

79

5.8550 GBP

20p ordinary

SWAP

Increasing Short

7,044

5.8688 GBP

20p ordinary

SWAP

Increasing Short

2,618

5.8688 GBP

20p ordinary

CFD

Decreasing Long

22,973

5.8740 GBP

20p ordinary

CFD

Increasing Short

1,891

5.8673 GBP

20p ordinary

SWAP

Closing Long

1,734

5.8600 GBP

20p ordinary

SWAP

Opening Short

2,291

5.8600 GBP

20p ordinary

SWAP

Decreasing Short

6,190

5.8647 GBP

20p ordinary

SWAP

Increasing Short

561

5.8550 GBP

20p ordinary

SWAP

Increasing Short

1,681

5.8700 GBP

20p ordinary

SWAP

Increasing Short

17,473

5.8750 GBP

20p ordinary

SWAP

Decreasing Short

2

5.8633 GBP

20p ordinary

SWAP

Decreasing Short

5,386

5.8600 GBP

20p ordinary

SWAP

Increasing Short

213

5.8650 GBP

20p ordinary

SWAP

Decreasing Short

1,918

5.8750 GBP

20p ordinary

SWAP

Decreasing Short

2,030

5.8615 GBP

20p ordinary

SWAP

Increasing Short

1,224

5.8657 GBP

20p ordinary

SWAP

Increasing Short

56,484

5.8750 GBP

20p ordinary

SWAP

Decreasing Short

361

5.8650 GBP

20p ordinary

SWAP

Decreasing Short

13,191

5.8741 GBP

20p ordinary

SWAP

Increasing Short

17,492

5.8650 GBP

20p ordinary

SWAP

Increasing Short

3,535

5.8650 GBP

20p ordinary

SWAP

Increasing Short

560

5.8695 GBP

20p ordinary

SWAP

Decreasing Short

728

5.8750 GBP

20p ordinary

SWAP

Increasing Short

593

5.8619 GBP

20p ordinary

SWAP

Increasing Short

29,313

5.8666 GBP

20p ordinary

SWAP

Decreasing Short

311

5.8600 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:

01 Jul 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213