Form8.5EPT/NonRIACONSORTIUMCOMPRISINGLONDONMETRICP

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:

07 Jul 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:

15,268,871

0.65%

7,728,794

0.33%

(2) Cash-settled derivatives:

9,417,866

0.40%

12,710,457

0.54%

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

0

0.00%

0

0.00%

TOTAL: 

24,686,737

1.05%

20,439,251

0.87%

Class of relevant security:

Schroder Real Estate Investment Trust Limited ordinary NPV

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

1,448,043

0.30%

171,658

0.04%

(2) Cash-settled derivatives:

170,064

0.03%

1,310,944

0.27%

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

0

0.00%

0

0.00%

TOTAL: 

1,618,107

0.33%

1,482,602

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

2030501

1.9000 GBP

1.8801 GBP

LondonMetric Property plc 10p ordinary

Sale

957437

1.8987 GBP

1.8820 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

25972

0.4625 GBP

0.4585 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

26610

0.4625 GBP

0.4585 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 Short

2,299

1.8915 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

624

1.8919 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,104

1.8874 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

696

1.8840 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

234

1.8941 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

122,334

1.8905 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

2,049

1.8874 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

750

1.8884 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Short

53,483

1.8900 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

57,228

1.8900 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

168

1.8770 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Long

484,688

1.8900 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

2,501

1.8902 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

5,207

1.8771 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

89,467

1.8921 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

9,265

1.8875 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

5,682

1.9001 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

507

1.8903 USD

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

8,429

1.8902 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

674

1.8915 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

12,937

1.8902 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

818

1.8897 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

2,516

1.8915 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

4,825

1.8908 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

5,690

1.8920 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

420

1.8875 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

97

1.8869 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

13,945

1.8895 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

10,935

1.8910 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

490

1.8900 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

257

1.8900 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

5,207

1.8898 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

5,270

1.8907 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

433

1.8909 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,678

1.8920 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

6,431

1.8920 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

393

1.8869 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

2,668

1.8903 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

7,919

1.8950 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

528,411

1.8900 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

780

1.8875 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

13,273

1.8904 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

105,738

1.8900 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

93

1.8900 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

7,685

1.9000 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

18,011

1.8891 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

5,483

1.8850 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

72,347

1.8900 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

29,306

1.8930 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

799

1.8890 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

14,291

1.8883 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

117,143

1.8932 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

34,200

1.8939 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

2,940

0.4625 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Opening Short

647

0.4625 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

2,433

0.4625 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

14,440

0.4601 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

16,544

0.4625 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:

08 Jul 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213