Schroder Real Estate Investment Trust Regulatory News (SREI)

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 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:

06 May 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:

10,782,592

0.46%

8,002,948

0.34%

(2) Cash-settled derivatives:

8,599,352

0.37%

6,818,455

0.29%

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

0

0.00%

0

0.00%

TOTAL: 

19,381,944

0.83%

14,821,403

0.63%

Class of relevant security:

Schroder Real Estate Investment Trust Limited ordinary NPV

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

1,846,040

0.38%

644,469

0.13%

(2) Cash-settled derivatives:

0

0.00%

1,351,119

0.28%

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

0

0.00%

0

0.00%

TOTAL: 

1,846,040

0.38%

1,995,588

0.41%

(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

1970917

1.9310 GBP

1.8880 GBP

LondonMetric Property plc 10p ordinary

Sale

1935030

1.9300 GBP

1.8875 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

49769

0.4900 GBP

0.4854 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

40889

0.4900 GBP

0.4855 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

1,985

1.8890 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

6,799

1.9032 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1,161

1.9059 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

47,700

1.9069 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

7

1.9108 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

9,947

1.9112 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

136,212

1.9115 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

153,082

1.9154 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

64,205

1.9157 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1,338

1.9158 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

8,317

1.9159 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

422,848

1.9160 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

16,428

1.9163 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

2,050

1.9230 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

2,109

1.8880 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

8,369

1.9044 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

218,249

1.9054 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

300

1.9110 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

44,681

1.9161 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1

1.9162 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

74,603

1.9164 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

70,228

1.9165 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

118,550

1.9166 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

30,869

1.9177 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

33,517

1.9179 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

4,610

1.9180 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

13,139

1.9184 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

18,152

1.9191 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

14,066

1.9199 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

550

1.9200 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

3,709

1.9207 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,924

1.9310 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

14

0.4868 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

515

0.4870 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Short

675

0.4899 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Short

23,398

0.4900 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Short

29,870

0.4854 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

5,115

1.8943 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

1,318

1.9158 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

36,985

1.9181 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

155,153

1.9168 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

41,072

1.9236 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:

07 May 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213