Schroder Real Estate Investment Trust Regulatory News (SREI)

FORM 8.5 (EPT/NON-RI) Amendment - this form replaces RNS number 1636Y published at 07:00 on 26/03/2026, changes made to section 2A,3A

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:

24 Mar 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:

10,791,725

0.46%

9,416,244

0.40%

(2) Cash-settled derivatives:

9,810,488

0.42%

8,541,183

0.36%

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

0

0.00%

0

0.00%

TOTAL: 

20,602,213

0.88%

17,957,427

0.76%

Class of relevant security:

Schroder Real Estate Investment Trust Limited ordinary NPV

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

1,386,303

0.28%

205,335

0.04%

(2) Cash-settled derivatives:

0

0.00%

1,280,425

0.26%

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

0

0.00%

0

0.00%

TOTAL: 

1,386,303

0.28%

1,485,760

0.30%

(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

3,074,223

1.8325 GBP

1.8045 GBP

LondonMetric property plc 10p ordinary

Sale

1,920,275

1.8320 GBP

1.8045 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

62576

0.4890 GBP

0.4750 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

46056

0.4890 GBP

0.4750 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

Increasing Long

30

1.8048 GBP

LondonMetric property plc 10p ordinary

SWAP

Increasing Long

162

1.8080 GBP

LondonMetric property plc 10p ordinary

SWAP

Increasing Long

14,523

1.8088 GBP

LondonMetric property plc 10p ordinary

SWAP

Increasing Long

4

1.8109 GBP

LondonMetric property plc 10p ordinary

SWAP

Increasing Long

2,962

1.8116 GBP

LondonMetric property plc 10p ordinary

SWAP

Increasing Long

133,210

1.8119 GBP

LondonMetric property plc 10p ordinary

SWAP

Increasing Long

43,590

1.8122 GBP

LondonMetric property plc 10p ordinary

SWAP

Increasing Long

3,549

1.8140 GBP

LondonMetric property plc 10p ordinary

SWAP

Increasing Long

1

1.8149 GBP

LondonMetric property plc 10p ordinary

SWAP

Increasing Long

924

1.8155 GBP

LondonMetric property plc 10p ordinary

SWAP

Increasing Long

49

1.8165 GBP

LondonMetric property plc 10p ordinary

SWAP

Increasing Long

8,025

1.8171 GBP

LondonMetric property plc 10p ordinary

SWAP

Increasing Long

40,720

1.8175 GBP

LondonMetric property plc 10p ordinary

SWAP

Increasing Long

555

1.8177 GBP

LondonMetric property plc 10p ordinary

SWAP

Increasing Long

11,142

1.8186 GBP

LondonMetric property plc 10p ordinary

SWAP

Increasing Long

17

1.8194 GBP

LondonMetric property plc 10p ordinary

SWAP

Increasing Long

53,771

1.8223 GBP

LondonMetric property plc 10p ordinary

SWAP

Increasing Long

3,115

1.8229 GBP

LondonMetric property plc 10p ordinary

SWAP

Increasing Long

84,860

1.8233 GBP

LondonMetric property plc 10p ordinary

SWAP

Increasing Long

19

1.8238 GBP

LondonMetric property plc 10p ordinary

SWAP

Increasing Long

66,613

1.8242 GBP

LondonMetric property plc 10p ordinary

SWAP

Increasing Long

19,735

1.8249 GBP

LondonMetric property plc 10p ordinary

SWAP

Increasing Long

67,390

1.8270 GBP

LondonMetric property plc 10p ordinary

SWAP

Increasing Long

1

1.8299 GBP

LondonMetric property plc 10p ordinary

SWAP

Increasing Long

7

1.8313 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Opening Long

54

0.4755 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Long

20

0.4811 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Long

50

0.4813 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Long

16,142

0.4858 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Opening Short

20,540

0.4755 GBP

LondonMetric property plc 10p ordinary

SWAP

Decreasing Long

1,091,080

1.8120 GBP

LondonMetric property plc 10p ordinary

SWAP

Decreasing Long

12,808

1.8121 GBP

LondonMetric property plc 10p ordinary

SWAP

Decreasing Long

162

1.8122 GBP

LondonMetric property plc 10p ordinary

SWAP

Decreasing Long

442

1.8123 GBP

LondonMetric property plc 10p ordinary

SWAP

Decreasing Long

93,786

1.8126 GBP

LondonMetric property plc 10p ordinary

SWAP

Decreasing Long

1,240

1.8155 GBP

LondonMetric property plc 10p ordinary

SWAP

Decreasing Long

153,092

1.8157 GBP

LondonMetric property plc 10p ordinary

SWAP

Decreasing Long

17,444

1.8161 GBP

LondonMetric property plc 10p ordinary

SWAP

Decreasing Long

63,058

1.8163 GBP

LondonMetric property plc 10p ordinary

SWAP

Decreasing Long

609

1.8169 GBP

LondonMetric property plc 10p ordinary

SWAP

Decreasing Long

17,501

1.8172 GBP

LondonMetric property plc 10p ordinary

SWAP

Decreasing Long

41,638

1.8175 GBP

LondonMetric property plc 10p ordinary

SWAP

Decreasing Long

8,734

1.8180 GBP

LondonMetric property plc 10p ordinary

SWAP

Decreasing Long

80

1.8183 GBP

LondonMetric property plc 10p ordinary

SWAP

Decreasing Long

4,649

1.8186 GBP

LondonMetric property plc 10p ordinary

SWAP

Decreasing Long

73,056

1.8190 GBP

LondonMetric property plc 10p ordinary

SWAP

Decreasing Long

30,401

1.8193 GBP

LondonMetric property plc 10p ordinary

SWAP

Decreasing Long

2

1.8200 GBP

LondonMetric property plc 10p ordinary

SWAP

Decreasing Long

50,809

1.8219 GBP

LondonMetric property plc 10p ordinary

SWAP

Decreasing Long

52,761

1.8223 GBP

LondonMetric property plc 10p ordinary

SWAP

Decreasing Long

14

1.8227 GBP

LondonMetric property plc 10p ordinary

SWAP

Decreasing Long

223

1.8243 GBP

LondonMetric property plc 10p ordinary

SWAP

Decreasing Long

29

1.8255 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Opening Long

9,503

0.4755 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

1,244

0.4859 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

7,890

0.4863 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Opening Short

32,369

0.4839 GBP

LondonMetric property plc 10p ordinary

CFD

Increasing Long

2,297

1.8248 GBP

LondonMetric property plc 10p ordinary

CFD

Increasing Long

353

1.8268 GBP

LondonMetric property plc 10p ordinary

CFD

Decreasing Long

32,040

1.8085 GBP

LondonMetric property plc 10p ordinary

CFD

Decreasing Long

12,854

1.8121 GBP

LondonMetric property plc 10p ordinary

CFD

Decreasing Long

100,477

1.8125 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:

30 Mar 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213