Urban Logistics Regulatory News (SHED)

FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY

A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR

MORE

Rule 8.3 of the Takeover Code (the "Code")

1.

KEY INFORMATION

(a)

Full name of discloser:

Barclays PLC.

(b)

Owner or controller of interest and short

positions disclosed, if different from 1(a):

(c)

Name of offeror/offeree in relation to whose

URBAN LOGISTICS REIT PLC

relevant securities this form relates:

(d)

If an exempt fund manager connected with an

offeror/offeree, state this and specify identity of

offeror/offeree:

(e)

Date position held/dealing undertaken:

15 Mar 2024

(f)

In addition to the company in 1(c) above, is the discloser making

YES:

disclosures in respect of any other party to the offer?

ABRDN PROPERTY INCOME TRUST LTD

2.

POSITIONS OF THE PERSON MAKING THE DISCLOSURE

(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:

1p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1)

Relevant securities owned

and/or controlled:

545,690

0.12%

1,186,297

0.25%

(2)

Cash-settled derivatives:

and/or controlled:

1,016,898

0.22%

429,126

0.09%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

1,562,588

0.33%

1,615,423

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)

Purchases and sales

Class of relevant

Purchase/sale

Number of

Price per unit

security

securities

1p ordinary

Purchase

28,248

1.1800 GBP

1p ordinary

Purchase

25,610

1.1753 GBP

1p ordinary

Purchase

17,803

1.1801 GBP

1p ordinary

Purchase

14,755

1.1814 GBP

1p ordinary

Purchase

8,528

1.1797 GBP

1p ordinary

Purchase

6,500

1.1834 GBP

1p ordinary

Purchase

93

1.1844 GBP

1p ordinary

Purchase

66

1.1743 GBP

1p ordinary

Purchase

45

1.1820 GBP

1p ordinary

Purchase

18

1.1793 GBP

1p ordinary

Sale

342,665

1.1799 GBP

1p ordinary

Sale

54,124

1.1740 GBP

1p ordinary

Sale

24,167

1.1800 GBP

1p ordinary

Sale

469

1.1746 GBP

1p ordinary

Sale

93

1.1845 GBP

1p ordinary

Sale

17

1.1704 GBP

1p ordinary

Sale

28

1.1793 GBP

(b)

Cash-settled derivative transactions

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

reference

unit

security

securities

1p ordinary

CFD

Decreasing Long

1,442

1.1821 GBP

1p ordinary

SWAP

Decreasing Long

2,543

1.1766 GBP

1p ordinary

SWAP

Decreasing Long

3,500

1.1783 GBP

1p ordinary

CFD

Decreasing Long

5,920

1.1800 GBP

1p ordinary

CFD

Decreasing Long

7,589

1.1804 GBP

1p ordinary

CFD

Decreasing Long

8,528

1.1797 GBP

1p ordinary

SWAP

Decreasing Long

14,755

1.1814 GBP

1p ordinary

SWAP

Decreasing Short

91,005

1.1800 GBP

1p ordinary

SWAP

Decreasing Short

109,165

1.1798 GBP

1p ordinary

SWAP

Increasing Long

1

1.1760 GBP

1p ordinary

SWAP

Increasing Long

1

1.1779 GBP

1p ordinary

SWAP

Increasing Long

16

1.1699 GBP

1p ordinary

CFD

Increasing Long

71

1.1739 GBP

1p ordinary

SWAP

Increasing Long

88

1.1739 GBP

1p ordinary

CFD

Increasing Long

469

1.1746 GBP

1p ordinary

SWAP

Increasing Long

512

1.1719 GBP

1p ordinary

SWAP

Increasing Long

950

1.1704 GBP

1p ordinary

CFD

Increasing Long

2,842

1.1798 GBP

1p ordinary

CFD

Increasing Long

13,908

1.1800 GBP

1p ordinary

SWAP

Increasing Long

49,688

1.1741 GBP

1p ordinary

SWAP

Increasing Long

124,349

1.1799 GBP

1p ordinary

SWAP

Increasing Short

6,500

1.1834 GBP

1p ordinary

SWAP

Increasing Short

18,125

1.1740 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 person 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:

18 Mar 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213