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:

03 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:

30,520,768

1.89%

1,583,533

0.10%

(2)

Cash-settled derivatives:

and/or controlled:

435,599

0.03%

29,000,102

1.80%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

30,956,367

1.92%

30,583,635

1.90%

(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

296,796

5.8350 GBP

5.8246 GBP

20p ordinary

Sale

321,686

5.8355 GBP

5.8250 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

179

5.8295 GBP

20p ordinary

SWAP

Decreasing Short

3,716

5.8299 GBP

20p ordinary

SWAP

Decreasing Short

33

5.8295 GBP

20p ordinary

SWAP

Decreasing Short

1,774

5.8350 GBP

20p ordinary

SWAP

Decreasing Long

1,971

5.8311 GBP

20p ordinary

SWAP

Decreasing Short

104

5.8250 GBP

20p ordinary

SWAP

Decreasing Short

29,836

5.8336 GBP

20p ordinary

SWAP

Increasing Short

3,261

5.8350 GBP

20p ordinary

SWAP

Decreasing Short

19

5.8250 GBP

20p ordinary

SWAP

Increasing Short

2,721

5.8335 GBP

20p ordinary

SWAP

Increasing Short

3,046

5.8342 GBP

20p ordinary

SWAP

Decreasing Short

14,888

5.8302 GBP

20p ordinary

SWAP

Decreasing Short

5,534

5.8302 GBP

20p ordinary

CFD

Decreasing Short

2,718

5.8350 GBP

20p ordinary

CFD

Decreasing Short

14,912

5.8296 GBP

20p ordinary

SWAP

Decreasing Short

12

5.8341 GBP

20p ordinary

SWAP

Increasing Short

46,966

5.8304 GBP

20p ordinary

SWAP

Increasing Long

4,006

5.8313 GBP

20p ordinary

SWAP

Increasing Short

1,209

5.8300 GBP

20p ordinary

SWAP

Decreasing Short

5,194

5.8272 GBP

20p ordinary

SWAP

Decreasing Short

27,778

5.8338 GBP

20p ordinary

SWAP

Increasing Short

12

5.8350 GBP

20p ordinary

SWAP

Increasing Long

28,183

5.8350 GBP

20p ordinary

SWAP

Decreasing Short

3,545

5.8275 GBP

20p ordinary

SWAP

Increasing Short

4,262

5.8324 GBP

20p ordinary

SWAP

Decreasing Short

218

5.8300 GBP

20p ordinary

SWAP

Increasing Long

3,684

5.8323 GBP

20p ordinary

SWAP

Increasing Short

33

5.8300 GBP

20p ordinary

SWAP

Decreasing Short

344

5.8300 GBP

20p ordinary

SWAP

Increasing Short

28,446

5.8350 GBP

20p ordinary

SWAP

Increasing Short

1,002

5.8339 GBP

20p ordinary

SWAP

Decreasing Short

1,935

5.8304 GBP

20p ordinary

SWAP

Increasing Short

26,947

5.8349 GBP

20p ordinary

SWAP

Decreasing Short

654

5.8300 GBP

20p ordinary

SWAP

Decreasing Short

51

5.8350 GBP

20p ordinary

SWAP

Increasing Short

5,220

5.8303 GBP

20p ordinary

SWAP

Increasing Short

13,156

5.8350 GBP

20p ordinary

SWAP

Decreasing Short

5,627

5.8300 GBP

20p ordinary

SWAP

Decreasing Short

365

5.8325 GBP

20p ordinary

SWAP

Decreasing Short

9,788

5.8300 GBP

20p ordinary

SWAP

Decreasing Short

53,037

5.8300 GBP

20p ordinary

SWAP

Increasing Short

3,066

5.8300 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:

04 Jun 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213