REG-Form 8.3 - LondonMetric Property Plc & Schroder Real Estate Investment Trust Limited

RathbonesAnnouncement

25/03/2026 15:30

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8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY 
A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
Rule 8.3 of the Takeover Code (the “Code”)

1.        KEY INFORMATION

 (a) Full name of discloser:                                                                                                                                                                                                     Rathbones Group Plc                                                                                  
 (b) Owner or controller of interests and short positions disclosed, if different from 1(a):  The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.                                                                                                       
 (c) Name of offeror/offeree in relation to whose relevant securities this form relates:  Use a separate form for each offeror/offeree                                                                                           A consortium comprising LondonMetric Property plc and Schroder Real Estate Investment Trust Limited  
 (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:                                                                                                                                                                                                                 
 (e) Date position held/dealing undertaken:  For an opening position disclosure, state the latest practicable date prior to the disclosure                                                                                       24/03/2026                                                                                           
 (f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?  If it is a cash offer or possible cash offer, state “N/A”                                        Yes                                                                                                  

2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

If there are positions or rights to subscribe to disclose in more than one
class of relevant securities of the offeror or offeree named in 1(c), copy
table 2(a) or (b) (as appropriate) for each additional class of relevant
security.

(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:                                    86,819,509  3.70%                               
 (2) Cash-settled derivatives:                                                                                                       
 (3) Stock-settled derivatives (including options) and agreements to purchase/sell:                                                  
 TOTAL:                                                                              86,819,509  3.70%                               



 Class of relevant security:                                                         Schroder Real Estate Investment Trust Limited Ordinary NPV          
                                                                                     Interests                         Short positions                   
                                                                                     Number           %                Number           %                
 (1) Relevant securities owned and/or controlled:                                    20,011,480       4.09%                                              
 (2) Cash-settled derivatives:                                                                                                                           
 (3) Stock-settled derivatives (including options) and agreements to purchase/sell:                                                                      
 TOTAL:                                                                              20,011,480       4.09%                                              

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded
options), or agreements to purchase or sell relevant securities, should be
given on a Supplemental Form 8 (Open Positions).

(b)      Rights to subscribe for new securities (including directors’
and other employee 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 PERSON MAKING THE DISCLOSURE

Where there have been dealings in more than one class of relevant securities
of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as
appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a)        Purchases and sales

 Class of relevant security        Purchase/sale  Number of securities  Price per unit  
 LondonMetric 10p Ordinary Shares  Sale           2,706                 182.5p          
 LondonMetric 10p Ordinary Shares  Sale           18,303                180.5662p       
 LondonMetric 10p Ordinary Shares  Sale           9,000                 181.7p          
 LondonMetric 10p Ordinary Shares  Sale           69,662                182.152p        
 LondonMetric 10p Ordinary Shares  Sale           8,217                 181.612p        
 LondonMetric 10p Ordinary Shares  Sale           1,340                 182.233p        
 LondonMetric 10p Ordinary Shares  Sale           7,413                 182.0662p       
 LondonMetric 10p Ordinary Shares  Sale           14,648                181.329p        
 LondonMetric 10p Ordinary Shares  Sale           8,600                 181.5p          
 LondonMetric 10p Ordinary Shares  Sale           45,590                182.171p        
 LondonMetric 10p Ordinary Shares  Sale           4,650                 181.8801p       
 LondonMetric 10p Ordinary Shares  Purchase       16,200                181.5896p       
 LondonMetric 10p Ordinary Shares  Purchase       9,000                 181.7p          
 LondonMetric 10p Ordinary Shares  Purchase       4,500                 182.334p        
 LondonMetric 10p Ordinary Shares  Purchase       17,757                182.334p        
 LondonMetric 10p Ordinary Shares  Purchase       8,600                 181.5p          



 Class of relevant security         Purchase/sale  Number of securities  Price per unit  
 Schroder REIT Ordinary NPV Shares  Sale           88,601                47.9p           
 Schroder REIT Ordinary NPV Shares  Sale           9,750                 48.667p         
 Schroder REIT Ordinary NPV Shares  Sale           560                   48.646p         
 Schroder REIT Ordinary NPV Shares  Sale           24,850                48.517p         

(b)        Cash-settled derivative transactions

 Class of relevant security  Product description e.g. CFD  Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position  Number of reference securities  Price per unit  
                                                                                                                                                                                                                    

(c)        Stock-settled derivative transactions (including options)

(i)        Writing, selling, purchasing or varying

 Class of relevant security  Product description e.g. call option  Writing, purchasing, selling, varying etc.  Number of securities to which option relates  Exercise price per unit  Type e.g. American, European etc.  Expiry date  Option money paid/ received per unit  
                                                                                                                                                                                                                                                                            

(ii)        Exercise

 Class of relevant security  Product description e.g. call option  Exercising/ exercised against  Number of securities  Exercise price per unit  
                                                                                                                                                 

(d)        Other dealings (including subscribing for new securities)

 Class of relevant security        Nature of dealing e.g. subscription, conversion                 Details  Price per unit (if applicable)  
 LondonMetric 10p Ordinary Shares  Transfer In                                                     925                                      
 LondonMetric 10p Ordinary Shares  Internal transfer from Discretionary to Execution-only account  11,224                                   
 LondonMetric 10p Ordinary Shares  Internal transfer from Discretionary to Execution-only account  9,540                                    
 LondonMetric 10p Ordinary Shares  Internal transfer from Discretionary to Execution-only account  1,122                                    



 Class of relevant security         Nature of dealing e.g. subscription, conversion  Details  Price per unit (if applicable)  
 Schroder REIT Ordinary NPV Shares  Transfer Out                                     20,000                                   

4.        OTHER INFORMATION

(a)        Indemnity and other dealing 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 person making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”      
 None                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              

(b)        Agreements, arrangements or understandings relating to
options or derivatives

 Details of any agreement, arrangement or understanding, formal or informal, between the person 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 or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state “none”      
 None                                                                                                                                                                                                                                                                                                                                                                                                                                       

(c)        Attachments

 Is a Supplemental Form 8 (Open Positions) attached?  No  



 Date of disclosure:  25/03/2026                             
 Contact name:        Chinwe Enyi – Compliance Department    
 Telephone number:    0151 243 7053                          

Public disclosures under Rule 8 of the Code must be made to a Regulatory
Information Service.

The Panel’s Market Surveillance Unit is available for consultation in
relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel’s website at