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:

02 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:

30,512,685

1.89%

1,550,560

0.10%

(2)

Cash-settled derivatives:

and/or controlled:

410,388

0.03%

29,051,707

1.80%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

30,923,073

1.92%

30,602,267

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

615,442

5.8375 GBP

5.8200 GBP

20p ordinary

Sale

2,610,121

5.8358 GBP

5.8200 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

1,858

5.8317 GBP

20p ordinary

SWAP

Decreasing Long

1,895

5.8300 GBP

20p ordinary

SWAP

Decreasing Short

3,058

5.8323 GBP

20p ordinary

SWAP

Increasing Short

38

5.8328 GBP

20p ordinary

SWAP

Increasing Short

9,433

5.8220 GBP

20p ordinary

SWAP

Increasing Short

9,101

5.8317 GBP

20p ordinary

SWAP

Decreasing Short

5,832

5.8236 GBP

20p ordinary

SWAP

Decreasing Short

1,683,019

5.8350 GBP

20p ordinary

SWAP

Closing Long

282

5.8306 GBP

20p ordinary

SWAP

Increasing Short

1,638

5.8296 GBP

20p ordinary

SWAP

Increasing Short

609

5.8296 GBP

20p ordinary

CFD

Decreasing Short

45

5.8293 GBP

20p ordinary

CFD

Increasing Short

8,501

5.8353 GBP

20p ordinary

CFD

Opening Long

2,784

5.8300 GBP

20p ordinary

CFD

Opening Short

12,399

5.8400 GBP

20p ordinary

SWAP

Increasing Short

33

5.8326 GBP

20p ordinary

SWAP

Decreasing Short

9,818

5.8358 GBP

20p ordinary

SWAP

Increasing Long

1,185

5.8350 GBP

20p ordinary

SWAP

Increasing Short

29,205

5.8200 GBP

20p ordinary

SWAP

Decreasing Short

30,194

5.8303 GBP

20p ordinary

SWAP

Decreasing Short

16,576

5.8350 GBP

20p ordinary

CFD

Increasing Long

8,053

5.8300 GBP

20p ordinary

CFD

Decreasing Short

1,625

5.8300 GBP

20p ordinary

SWAP

Decreasing Short

8,229

5.8297 GBP

20p ordinary

SWAP

Closing Long

24,649

5.8328 GBP

20p ordinary

SWAP

Opening Short

7,445

5.8328 GBP

20p ordinary

SWAP

Increasing Short

584

5.8300 GBP

20p ordinary

SWAP

Increasing Short

663

5.8300 GBP

20p ordinary

SWAP

Decreasing Short

53,555

5.8226 GBP

20p ordinary

CFD

Increasing Long

579

5.8300 GBP

20p ordinary

CFD

Increasing Short

12,399

5.8350 GBP

20p ordinary

SWAP

Increasing Short

18,047

5.8200 GBP

20p ordinary

SWAP

Closing Short

7,445

5.8200 GBP

20p ordinary

SWAP

Opening Long

3,336

5.8200 GBP

20p ordinary

SWAP

Increasing Short

195

5.8317 GBP

20p ordinary

SWAP

Increasing Short

44,097

5.8203 GBP

20p ordinary

SWAP

Increasing Short

4,409

5.8225 GBP

20p ordinary

CFD

Increasing Long

983

5.8300 GBP

20p ordinary

CFD

Decreasing Short

10,774

5.8350 GBP

20p ordinary

SWAP

Increasing Long

41,728

5.8200 GBP

20p ordinary

SWAP

Increasing Short

34,742

5.8325 GBP

20p ordinary

SWAP

Increasing Short

1,271

5.8380 GBP

20p ordinary

SWAP

Increasing Short

19,752

5.8368 GBP

20p ordinary

CFD

Decreasing Long

3,708

5.8350 GBP

20p ordinary

CFD

Increasing Short

4,981

5.8350 GBP

20p ordinary

SWAP

Decreasing Long

3,336

5.8300 GBP

20p ordinary

SWAP

Increasing Short

1,643

5.8217 GBP

20p ordinary

SWAP

Increasing Short

127,989

5.8200 GBP

20p ordinary

CFD

Increasing Short

8,691

5.8200 GBP

20p ordinary

SWAP

Increasing Short

5,909

5.8360 GBP

20p ordinary

SWAP

Increasing Short

7,991

5.8309 GBP

20p ordinary

CFD

Decreasing Short

17,380

5.8200 GBP

20p ordinary

SWAP

Decreasing Short

4,076

5.8311 GBP

20p ordinary

SWAP

Decreasing Short

631,338

5.8293 GBP

20p ordinary

SWAP

Decreasing Short

72

5.8200 GBP

20p ordinary

SWAP

Increasing Short

15,988

5.8343 GBP

20p ordinary

SWAP

Decreasing Short

14,216

5.8201 GBP

20p ordinary

SWAP

Increasing Short

23,290

5.8339 GBP

20p ordinary

SWAP

Increasing Short

4,773

5.8200 GBP

20p ordinary

SWAP

Increasing Short

2,918

5.8375 GBP

20p ordinary

SWAP

Increasing Short

3,025

5.8325 GBP

20p ordinary

SWAP

Decreasing Short

4,975

5.8275 GBP

20p ordinary

SWAP

Increasing Short

26,394

5.8348 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:

03 Jun 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213