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:

02 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:

15,798,377

0.67%

8,395,081

0.36%

(2) Cash-settled derivatives:

10,026,919

0.43%

13,293,955

0.57%

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

0

0.00%

0

0.00%

TOTAL: 

25,825,296

1.10%

21,689,036

0.92%

Class of relevant security:

Schroder Real Estate Investment Trust Limited ordinary NPV

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

1,452,362

0.30%

168,636

0.03%

(2) Cash-settled derivatives:

168,636

0.03%

1,300,355

0.27%

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

0

0.00%

0

0.00%

TOTAL: 

1,620,998

0.33%

1,468,991

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

2125559

1.9020 GBP

1.8820 GBP

LondonMetric Property plc 10p ordinary

Sale

1145048

1.8970 GBP

1.8770 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

101990

0.4650 GBP

0.4544 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

77729

0.4646 GBP

0.4552 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

4,160

1.8897 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

34,702

1.8928 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

48,613

1.8941 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

17,300

1.8898 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,055

1.8950 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

32,927

1.8930 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

52,915

1.8929 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

50,784

1.8929 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Long

5,966

1.8836 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

19,068

1.8836 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

4,108

1.8858 GBP

LondonMetric Property plc 10p ordinary

CFD

Closing Long

12,472

1.8931 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

257

1.8931 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

70,785

1.8938 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

849

1.8908 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

44,534

1.8954 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

97,388

1.8954 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

7,053

1.8927 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

10,178

1.8928 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,804

1.8928 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

307,614

1.8938 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

2,418

1.8942 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

4,008

1.8897 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

6,877

1.8941 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

8,070

1.8942 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

200

1.8885 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

638

1.8965 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

10,175

1.8869 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Long

201,406

1.8930 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

5,966

1.8822 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

25,827

1.8929 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

66,381

1.8930 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

27,509

1.8896 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

62,351

1.8882 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,239

1.8897 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

5,914

1.8942 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

225

1.8770 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

187

1.8900 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

32,700

1.8939 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

68,693

1.8930 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

113,893

1.8929 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

5,177

1.8930 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

8,206

1.8971 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

4,086

1.8911 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

91,800

1.8930 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

4,693

1.8893 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

5,021

1.8894 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

4,939

1.8919 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

4,163

1.8910 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

9,372

1.8930 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1,349

1.8830 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

53,377

1.8929 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

7,025

1.8847 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

24,961

1.8936 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

19,350

1.8866 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

8,183

1.8880 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

13,944

1.8918 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

12,923

1.8927 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

8,640

1.8926 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

113,199

1.8883 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

149,947

1.8936 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

8,010

0.4635 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

1,564

0.4650 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

1,367

0.4624 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

24,378

0.4628 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

1,633

0.4650 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

10,558

0.4635 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

6,439

0.4632 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

27,252

0.4634 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:

03 Jul 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213