(a) Full name of discloser:

The Vanguard Group, Inc.

(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 March 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, Picton Property Income Limited

Class of relevant security:

LondonMetric Property plc 10p ordinary

Interests

Short positions

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

124,655,414

5.32%

(2) Cash-settled derivatives:

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

 TOTAL:

124,655,414

5.32%

Class of relevant security:

Schroder Real Estate Investment Trust Limited ordinary NPV

Interests

Short positions

Number

%

Number

%

1.  Relevant securities owned and/or controlled:

4,573,276

0.94%

2.  Cash-settled derivatives:

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

 TOTAL:

4,573,276

0.94%

Class of relevant security in relation to which subscription right exists:

Details, including nature of the rights concerned and relevant percentages:

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

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

Class of relevant security

Product description

e.g. call option

Exercising/ exercised against

Number of securities

Exercise price per unit