Form8.5EPT/NonRIACONSORTIUMCOMPRISINGLONDONMETRICP

About this update from Picton Property Income Limited

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: 14 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: 11,638,244 0.50% 8,869,400 0.38% (2) Cash-settled derivatives: 9,200,065 0.39% 7,460,626 0.32% (3) Stock-settled derivatives (including options) and agreements to purchase/sell:  0 0.00% 0 0.00%    TOTAL:   20,838,309 0.89% 16,330,026 0.70%   Class of relevant security: Schroder Real Estate Investment Trust Limited ordinary NPV Interests Short Positions Number (%) Number (%) (1) Relevant securities owned and/or controlled: 1,602,921 0.33% 290,796 0.06% (2) Cash-settled derivatives: 0 0.00% 1,386,578 0.28% (3) Stock-settled derivatives (including options) and agreements to purchase/sell:  0 0.00% 0 0.00%    TOTAL:   1,602,921 0.33% 1,677,374 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 1629501 1.9140  GBP 1.8920  GBP LondonMetric Property plc 10p ordinary Sale 1187062 1.9140  GBP 1.8930  GBP Schroder Real Estate Investment Trust Limited ordinary NPV Purchase 29830 0.5037  GBP 0.4959  GBP Schroder Real Estate Investment Trust Limited ordinary NPV Sale 41040 0.5031  GBP 0.4969  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 466 1.9032  GBP LondonMetric Property plc 10p ordinary SWAP Increasing Long 5,190 1.9040  GBP LondonMetric Property plc 10p ordinary SWAP Increasing Long 4,319 1.9054  GBP LondonMetric Property plc 10p ordinary SWAP Increasing Long 3,343 1.9055  GBP LondonMetric Property plc 10p ordinary SWAP Increasing Long 2,012 1.9058  GBP LondonMetric Property plc 10p ordinary SWAP Increasing Long 7,673 1.9061  GBP LondonMetric Property plc 10p ordinary SWAP Increasing Long 1,150 1.9064  GBP LondonMetric Property plc 10p ordinary SWAP Increasing Long 41,613 1.9069  GBP LondonMetric Property plc 10p ordinary SWAP Increasing Long 23,297 1.9074  GBP LondonMetric Property plc 10p ordinary SWAP Increasing Long 27,350 1.9086  GBP LondonMetric Property plc 10p ordinary SWAP Increasing Long 18,585 1.9087  GBP LondonMetric Property plc 10p ordinary SWAP Increasing Long 24,113 1.9089  GBP LondonMetric Property plc 10p ordinary SWAP Increasing Long 60,708 1.9090  GBP LondonMetric Property plc 10p ordinary SWAP Increasing Long 329,293 1.9100  GBP LondonMetric Property plc 10p ordinary SWAP Increasing Long 259 1.9133  GBP LondonMetric Property plc 10p ordinary SWAP Increasing Long 663 1.9134  GBP LondonMetric Property plc 10p ordinary SWAP Decreasing Long 2,665 1.8992  GBP LondonMetric Property plc 10p ordinary SWAP Decreasing Long 15,595 1.9021  GBP LondonMetric Property plc 10p ordinary SWAP Decreasing Long 30,515 1.9034  GBP LondonMetric Property plc 10p ordinary SWAP Decreasing Long 36,709 1.9038  GBP LondonMetric Property plc 10p ordinary SWAP Decreasing Long 5,800 1.9040  GBP LondonMetric Property plc 10p ordinary SWAP Decreasing Long 277,848 1.9046  GBP LondonMetric Property plc 10p ordinary SWAP Decreasing Long 29,248 1.9051  GBP LondonMetric Property plc 10p ordinary SWAP Decreasing Long 225,184 1.9052  GBP LondonMetric Property plc 10p ordinary SWAP Decreasing Long 1,106 1.9055  GBP LondonMetric Property plc 10p ordinary SWAP Decreasing Long 13,328 1.9061  GBP LondonMetric Property plc 10p ordinary SWAP Decreasing Long 22,092 1.9074  GBP LondonMetric Property plc 10p ordinary SWAP Decreasing Long 165,277 1.9090  GBP LondonMetric Property plc 10p ordinary SWAP Decreasing Long 513 1.9091  GBP LondonMetric Property plc 10p ordinary SWAP Decreasing Long 26,648 1.9092  GBP LondonMetric Property plc 10p ordinary SWAP Decreasing Long 8,656 1.9096  GBP Schroder Real Estate Investment Trust Limited ordinary NPV SWAP Decreasing Short 43 0.4988  GBP Schroder Real Estate Investment Trust Limited ordinary NPV SWAP Decreasing Short 2,717 0.4990  GBP Schroder Real Estate Investment Trust Limited ordinary NPV SWAP Decreasing Short 106 0.5007  GBP Schroder Real Estate Investment Trust Limited ordinary NPV SWAP Increasing Short 4,705 0.4995  GBP Schroder Real Estate Investment Trust Limited ordinary NPV SWAP Increasing Short 2,693 0.5000  GBP Schroder Real Estate Investment Trust Limited ordinary NPV CFD Decreasing Short 1,923 0.4970  GBP Schroder Real Estate Investment Trust Limited ordinary NPV CFD Decreasing Short 21,833 0.4995  GBP Schroder Real Estate Investment Trust Limited ordinary NPV CFD Increasing Short 14,651 0.4959  GBP Schroder Real Estate Investment Trust Limited ordinary NPV CFD Increasing Short 7,181 0.5000  GBP LondonMetric Property plc 10p ordinary CFD Increasing Long 2,879 1.9038  GBP LondonMetric Property plc 10p ordinary CFD Increasing Long 18,746 1.9054  GBP LondonMetric Property plc 10p ordinary CFD Increasing Long 157 1.9087  GBP LondonMetric Property plc 10p ordinary CFD Decreasing Long 120,713 1.9091  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: 15 Apr 2026 Contact name: Large Holdings Regulatory Operations Telephone number: 020 3134 7213  

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