| 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 | LONDONMETRIC PROPERTY PLC | |||||
| (c) | Name of the party to the offer with which exempt | HIGHCROFT INVESTMENTS PLC | |||||
| (d) | Date position held/dealing undertaken: | 10 Apr 2025 | |||||
| (e) | In addition to the company in 1(b) above, is the exempt principal | YES: | |||||
| 2. | POSITIONS OF THE EXEMPT PRINCIPAL TRADER | ||||||
| (a) | Interests and short positions in the relevant securities of the offeror or offeree | ||||||
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| to which the disclosure relates following the dealing (if any) | ||||||
| Class of relevant security: | 10p ordinary | ||||||
| | Interests | Short Positions | |||||
| Number | (%) | Number | (%) | ||||
| (1) Relevant securities owned and/or controlled: | 7,112,966 | 0.35% | 29,495,038 | 1.44% | |||
| (2) Cash-settled derivatives: | 27,884,647 | 1.36% | 3,740,389 | 0.18% | |||
| (3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||
| | 34,997,613 | 1.71% | 33,235,427 | 1.62% | |||
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| (b) | Rights to subscribe for new securities (including directors and other executive options) | ||||||
| Class of relevant security in relation to |
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| Details, including nature of the rights |
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| 3. | DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER | ||||||
| (a) | Purchase and sales |
| | | | | |
| Class of relevant | Purchase/sale | Total number of | Highest price per unit | Lowest price per unit | |||
| 10p ordinary | Purchase | 1648981 | 1.8120 GBP | 1.7730 GBP | |||
| 10p ordinary | Sale | 2425613 | 1.8100 GBP | 1.7710 GBP | |||
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| (b) | Cash-settled derivative transactions | ||||||
| Class of | Product description | Nature of dealing | Number of | Price per | |||
| 10p ordinary | SWAP | Increasing Long | 32,000 | 1.7833 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 95,810 | 1.7882 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 209,697 | 1.7898 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 200,244 | 1.7899 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 74,793 | 1.7900 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 16,217 | 1.7928 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 16,320 | 1.7936 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 3,311 | 1.7939 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 75,090 | 1.7947 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 1,532 | 1.7952 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 34,715 | 1.7983 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 19,060 | 1.7997 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 3,161 | 1.8036 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 12,266 | 1.7801 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 519 | 1.7820 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 177 | 1.7850 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 8,510 | 1.7857 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 17,187 | 1.7899 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 200,055 | 1.7900 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 106,683 | 1.7910 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 5,674 | 1.7926 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 27,121 | 1.7941 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 56,599 | 1.7942 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 74,602 | 1.7948 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 18,991 | 1.7959 GBP | |||
| 10p ordinary | CFD | Increasing Long | 149 | 1.7853 GBP | |||
| 10p ordinary | CFD | Increasing Long | 55,963 | 1.7855 GBP | |||
| 10p ordinary | CFD | Decreasing Long | 4,767 | 1.7711 GBP | |||
| 10p ordinary | CFD | Decreasing Long | 41,659 | 1.7998 GBP | |||
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| (c) | Stock-settled derivative transactions (including options) | ||||||
| (i) | Writing, selling, purchasing or varying | ||||||
| Class | Product | Writing, | Number | Exercise | Type | Expiry | Option |
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| (ii) | Exercising |
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| Class of relevant | Product description | Exercising/ exercised against | Number of | Exercise price per | |||
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| (d) | Other dealings (including subscribing for new securities) | ||||||
| Class of relevant | Nature of Dealings | Details | Price per unit (if | ||||
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| 4. | OTHER INFORMATION | ||||||
| (a) | Indemnity and other dealings arrangements | ||||||
| Details of any indemnity or option arrangement, or any agreement or understanding, | |||||||
| NONE | |||||||
| (b) | Agreements, arrangements or understandings relating to options or derivatives | ||||||
| Details of any agreement, arrangement or understanding, formal or informal, between | |||||||
| NONE | |||||||
| (c) | Attachments | ||||||
| Is a Supplemental Form 8 (Open Positions) attached? | NO | ||||||
| Date of disclosure: | 11 Apr 2025 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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