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:

13 Apr 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:

11,652,958

0.50%

9,326,553

0.40%

(2) Cash-settled derivatives:

9,614,137

0.41%

7,464,617

0.32%

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

0

0.00%

0

0.00%

TOTAL: 

21,267,095

0.91%

16,791,170

0.72%

Class of relevant security:

Schroder Real Estate Investment Trust Limited ordinary NPV

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

1,614,131

0.33%

290,796

0.06%

(2) Cash-settled derivatives:

0

0.00%

1,383,970

0.28%

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

0

0.00%

0

0.00%

TOTAL: 

1,614,131

0.33%

1,674,766

0.34%

(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

726875

1.9070 GBP

1.8900 GBP

LondonMetric Property plc 10p ordinary

Sale

1303446

1.9045 GBP

1.8896 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

21400

0.4920 GBP

0.4850 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

45793

0.4920 GBP

0.4850 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

32,702

1.8896 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

70,923

1.8897 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

3,839

1.8898 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

226,827

1.8900 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

15,111

1.8913 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1,073

1.8924 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

9,908

1.8934 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

14,592

1.8946 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

605

1.8948 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

92,185

1.8955 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

55,441

1.8962 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

178

1.8972 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

10,139

1.8976 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

6,096

1.8978 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

6,010

1.8986 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

23,519

1.8997 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

97,281

1.8900 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

7,800

1.8901 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

2,314

1.8903 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

12,815

1.8942 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

800

1.8950 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

9,728

1.8989 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

131,491

1.8990 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

2,510

1.8997 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

4,020

1.9015 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

2,779

1.9040 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

363

1.9047 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

2,888

1.9050 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

3,472

1.9070 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

299

1.9080 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

118

0.4901 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

47

0.4906 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

1,133

0.4850 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

10,514

0.4860 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

3,644

0.4862 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

4,500

0.4920 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Short

1,077

0.4859 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Short

9,942

0.4919 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Short

15,029

0.4920 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Short

21

0.4871 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

18,151

1.8899 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

275,033

1.8900 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

19,429

1.8928 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

120,499

1.8962 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

6,622

1.8967 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

1,919

1.9078 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

1,919

1.8901 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

23,650

1.8945 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

72,485

1.8970 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

9,020

1.9020 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:

14 Apr 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213