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:

05 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:

11,080,862

0.47%

8,337,105

0.36%

(2) Cash-settled derivatives:

8,951,778

0.38%

7,232,527

0.31%

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

0

0.00%

0

0.00%

TOTAL: 

20,032,640

0.85%

15,569,632

0.66%

Class of relevant security:

Schroder Real Estate Investment Trust Limited ordinary NPV

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

1,841,821

0.38%

649,130

0.13%

(2) Cash-settled derivatives:

0

0.00%

1,344,821

0.27%

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

0

0.00%

0

0.00%

TOTAL: 

1,841,821

0.38%

1,993,951

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

1488058

1.8980 GBP

1.8556 GBP

LondonMetric Property plc 10p ordinary

Sale

1843128

1.8929 GBP

1.8551 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

86069

0.4925 GBP

0.4809 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

105162

0.4966 GBP

0.4805 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

4,691

1.8580 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

283

1.8592 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

92,984

1.8620 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

6,289

1.8623 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1,005

1.8639 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

464,399

1.8640 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

66,388

1.8643 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

3,289

1.8654 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

93,688

1.8667 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

65,280

1.8676 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

30,468

1.8680 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

25,054

1.8708 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

261

1.8747 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

40,283

1.8748 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

25,749

1.8759 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

83,300

1.8764 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

2,384

1.8773 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

4,242

1.8921 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

953

1.8928 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

3,010

1.8929 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

4

1.8977 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

94,105

1.8613 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

184,162

1.8640 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

105,870

1.8651 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

5,708

1.8688 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

307

1.8732 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

123

1.8738 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

12,155

1.8741 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

10,761

1.8751 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

12,538

1.8835 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

254,827

1.8910 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,779

1.8970 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

61,538

1.8980 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

5,820

0.4805 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

9,058

0.4815 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

10,130

0.4854 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

8

0.4865 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

4

0.4893 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Short

3,286

0.4814 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Short

318

0.4825 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Short

22,466

0.4865 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Short

2,007

0.5009 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Short

23,306

0.4872 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Short

235

0.4925 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

17,435

1.8584 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

31,239

1.8613 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

95,018

1.8626 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

3,456

1.9098 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

37,819

1.8585 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

938

1.8641 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

15,571

1.8932 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:

06 May 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213