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:

17 Jun 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:

14,016,388

0.60%

4,975,029

0.21%

(2) Cash-settled derivatives:

6,472,280

0.28%

12,114,994

0.52%

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

0

0.00%

0

0.00%

TOTAL: 

20,488,668

0.87%

17,090,023

0.73%

Class of relevant security:

Schroder Real Estate Investment Trust Limited ordinary NPV

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

1,450,910

0.30%

424,583

0.09%

(2) Cash-settled derivatives:

41,670

0.01%

1,008,438

0.21%

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

0

0.00%

0

0.00%

TOTAL: 

1,492,580

0.31%

1,433,021

0.29%

(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

1601705

1.8568 GBP

1.8195 GBP

LondonMetric Property plc 10p ordinary

Sale

2012759

1.8600 GBP

1.8200 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

136113

0.4680 GBP

0.4624 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

83978

0.4682 GBP

0.4655 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

Decreasing Long

199

1.8248 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

4,079

1.8474 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

500

1.8610 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

272

1.8226 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

279,296

1.8240 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

198,284

1.8241 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

20,395

1.8239 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

10,300

1.8473 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

59,130

1.8258 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

624

1.8238 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

167

1.8241 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

1

1.8200 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

44,514

1.8259 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

856

1.8244 USD

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

16,467

1.8272 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

106

1.8348 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

69

1.8348 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

55

1.8248 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

30,956

1.8241 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

246

1.8248 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

21,350

1.8243 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

69,495

1.8236 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

68,614

1.8263 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

28,732

1.8324 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

56,438

1.8264 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

21,480

1.8253 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

19,200

1.8373 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

1,359

1.8517 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

600

1.8470 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

4,278

1.8285 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

78,916

1.8245 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

12,940

1.8250 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

28,109

1.8240 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

3,257

1.8249 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

8,932

1.8240 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

7,203

1.8367 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

218

1.8240 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

947

1.8300 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

12,873

1.8429 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

23,247

1.8279 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

1,503

1.8294 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

5,660

0.4665 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Closing Short

674

0.4665 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Opening Long

4,212

0.4665 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

8,052

0.4665 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

667

0.4670 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

227

0.4644 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Closing Long

4,212

0.4665 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

414

0.4655 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

3,219

0.4682 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

2,293

0.4662 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

1,055

0.4654 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

31,301

0.4665 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:

18 Jun 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213