Form 8.5 (EPT/RI) - Replacement of British Land

RNS Number : 3132Z

Morgan Stanley & Co. Int'l plc

02 April 2026

AMENDMENT(2(a))

FORM 8.5 (EPT/RI)

PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY

Rule 8.5 of the Takeover Code (the "Code")

1. KEY INFORMATION

(a) Name of exempt principal trader:	Morgan Stanley & Co. International plc
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree	British Land Company plc, The
(c) Name of the party to the offer with which exempt principal trader is connected:	British Land Company plc, The
(d) Date dealing undertaken:	31 March 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 this offer? If it is a cash offer or possible cash offer, state "N/A"	YES - Life Science REIT plc

2. DEALINGS BY THE EXEMPT PRINCIPAL TRADER

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(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	Purchases/ sales	Total number of securities	Highest price per unit paid/received	Lowest price per unit paid/received
25p ordinary	SALES	987,486	3.6140 GBP	3.5539 GBP
25p ordinary	PURCHASES	821,057	3.6160 GBP	3.5533 GBP
25p ordinary	PURCHASES	1,629	4.6913 USD	4.6913 USD
25p ordinary	SALES	77	4.6913 USD	4.6913 USD

(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
25p ordinary	CFD	increasing a long position	52,992	3.5536 GBP
25p ordinary	CFD	increasing a long position	134	3.5540 GBP
25p ordinary	CFD	increasing a long position	6,822	3.5540 GBP
25p ordinary	CFD	increasing a long position	2,940	3.5540 GBP
25p ordinary	CFD	increasing a long position	285	3.5540 GBP
25p ordinary	CFD	increasing a long position	863	3.5540 GBP
25p ordinary	CFD	increasing a long position	36,018	3.5540 GBP
25p ordinary	CFD	increasing a long position	88	3.5540 GBP
25p ordinary	CFD	increasing a long position	89,607	3.5591 GBP
25p ordinary	CFD	increasing a long position	13,552	3.5632 GBP
25p ordinary	CFD	increasing a long position	20,217	3.5667 GBP
25p ordinary	CFD	increasing a long position	18,655	3.5667 GBP
25p ordinary	CFD	increasing a long position	2,120	3.5676 GBP
25p ordinary	CFD	increasing a long position	13,929	3.5678 GBP
25p ordinary	CFD	increasing a long position	28,050	3.5710 GBP
25p ordinary	CFD	increasing a long position	56	3.5757 GBP
25p ordinary	CFD	increasing a long position	57	3.5758 GBP
25p ordinary	CFD	increasing a long position	862	3.5758 GBP
25p ordinary	CFD	increasing a long position	498	3.5848 GBP
25p ordinary	CFD	increasing a long position	24,215	3.5857 GBP
25p ordinary	CFD	increasing a long position	1,569	3.5859 GBP
25p ordinary	CFD	increasing a long position	43,653	3.5875 GBP
25p ordinary	CFD	increasing a long position	2,876	3.5900 GBP
25p ordinary	CFD	increasing a long position	135,179	3.5911 GBP
25p ordinary	CFD	increasing a long position	39,700	3.5970 GBP
25p ordinary	CFD	increasing a long position	19,622	3.5978 GBP
25p ordinary	CFD	increasing a long position	3,244	3.5985 GBP
25p ordinary	CFD	increasing a long position	3,055	3.6000 GBP
25p ordinary	CFD	increasing a long position	3,880	3.6012 GBP
25p ordinary	CFD	increasing a long position	2,598	3.6028 GBP
25p ordinary	CFD	increasing a long position	1,712	3.6028 GBP
25p ordinary	CFD	increasing a long position	2,794	3.6052 GBP
25p ordinary	CFD	increasing a short position	48	3.5540 GBP
25p ordinary	CFD	increasing a short position	1,564	3.5540 GBP
25p ordinary	CFD	increasing a short position	5	3.5540 GBP
25p ordinary	CFD	increasing a short position	10,181	3.5540 GBP
25p ordinary	CFD	increasing a short position	3,908	3.5540 GBP
25p ordinary	CFD	increasing a short position	41,272	3.5540 GBP
25p ordinary	CFD	increasing a short position	2,782	3.5596 GBP
25p ordinary	CFD	increasing a short position	2,208	3.5596 GBP
25p ordinary	CFD	increasing a short position	930	3.5596 GBP
25p ordinary	CFD	increasing a short position	26,674	3.5670 GBP
25p ordinary	CFD	increasing a short position	1,560	3.5762 GBP
25p ordinary	CFD	increasing a short position	11,021	3.5851 GBP
25p ordinary	CFD	increasing a short position	44,975	3.5855 GBP
25p ordinary	CFD	increasing a short position	600	3.5983 GBP
25p ordinary	CFD	increasing a short position	1,402	3.6010 GBP
25p ordinary	CFD	increasing a short position	1,246	3.6017 GBP
25p ordinary	CFD	increasing a short position	175	3.6040 GBP
25p ordinary	CFD	increasing a short position	81	3.6046 GBP
25p ordinary	CFD	increasing a short position	19	3.6080 GBP
25p ordinary	CFD	reducing a long position	36,018	3.5540 GBP
25p ordinary	CFD	reducing a long position	6,684	3.5540 GBP
25p ordinary	CFD	reducing a long position	41,752	3.5540 GBP
25p ordinary	CFD	reducing a long position	1,588	3.5540 GBP
25p ordinary	CFD	reducing a long position	7,231	3.5540 GBP
25p ordinary	CFD	reducing a long position	1,624	3.5540 GBP
25p ordinary	CFD	reducing a long position	2,816	3.5541 GBP
25p ordinary	CFD	reducing a long position	100,000	3.5678 GBP
25p ordinary	CFD	reducing a long position	11,555	3.5855 GBP
25p ordinary	CFD	reducing a long position	424	3.5992 GBP
25p ordinary	CFD	reducing a long position	5,927	3.6042 GBP
25p ordinary	CFD	reducing a long position	4,557	3.6042 GBP
25p ordinary	CFD	reducing a long position	1,211	3.6144 GBP
25p ordinary	CFD	reducing a short position	52,166	3.5540 GBP
25p ordinary	CFD	reducing a short position	77	3.5540 GBP
25p ordinary	CFD	reducing a short position	1,079	3.5540 GBP
25p ordinary	CFD	reducing a short position	44,217	3.5540 GBP
25p ordinary	CFD	reducing a short position	35	3.5540 GBP
25p ordinary	CFD	reducing a short position	40	3.5540 GBP
25p ordinary	CFD	reducing a short position	15,516	3.5582 GBP
25p ordinary	CFD	reducing a short position	45,003	3.5584 GBP
25p ordinary	CFD	reducing a short position	2,602	3.5595 GBP
25p ordinary	CFD	reducing a short position	2,005	3.5692 GBP
25p ordinary	CFD	reducing a short position	697	3.5838 GBP
25p ordinary	CFD	reducing a short position	882	3.5911 GBP
25p ordinary	CFD	reducing a short position	416	3.5936 GBP
25p ordinary	CFD	reducing a short position	911	3.5936 GBP
25p ordinary	CFD	reducing a short position	44,975	3.5978 GBP
25p ordinary	CFD	reducing a short position	1,245	3.6002 GBP
25p ordinary	CFD	reducing a short position	1,997	3.6011 GBP
25p ordinary	CFD	reducing a short position	978	3.6060 GBP

(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

N/A

(ii) Exercise

Class of relevant security

Product description

e.g. call option

Exercising/ exercised against

Number of securities

Exercise price per unit

N/A

(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)

N/A

3. 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 exempt principal trader 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 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 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

Date of disclosure:	02 April 2026
Contact name:	Claire Gordon
Telephone number:	+44 141 245-8893

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 dealing disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

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END

FERKZGGDFZMGVZM

RNS Number : 3132Z

Morgan Stanley & Co. Int'l plc

02 April 2026

AMENDMENT(2(a))

FORM 8.5 (EPT/RI)

PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY

Rule 8.5 of the Takeover Code (the "Code")

1. KEY INFORMATION

(a) Name of exempt principal trader:	Morgan Stanley & Co. International plc
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree	British Land Company plc, The
(c) Name of the party to the offer with which exempt principal trader is connected:	British Land Company plc, The
(d) Date dealing undertaken:	31 March 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 this offer? If it is a cash offer or possible cash offer, state "N/A"	YES - Life Science REIT plc

2. DEALINGS BY THE EXEMPT PRINCIPAL TRADER

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

(a) Purchases and sales

Class of relevant security	Purchases/ sales	Total number of securities	Highest price per unit paid/received	Lowest price per unit paid/received
25p ordinary	SALES	987,486	3.6140 GBP	3.5539 GBP
25p ordinary	PURCHASES	821,057	3.6160 GBP	3.5533 GBP
25p ordinary	PURCHASES	1,629	4.6913 USD	4.6913 USD
25p ordinary	SALES	77	4.6913 USD	4.6913 USD

(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
25p ordinary	CFD	increasing a long position	52,992	3.5536 GBP
25p ordinary	CFD	increasing a long position	134	3.5540 GBP
25p ordinary	CFD	increasing a long position	6,822	3.5540 GBP
25p ordinary	CFD	increasing a long position	2,940	3.5540 GBP
25p ordinary	CFD	increasing a long position	285	3.5540 GBP
25p ordinary	CFD	increasing a long position	863	3.5540 GBP
25p ordinary	CFD	increasing a long position	36,018	3.5540 GBP
25p ordinary	CFD	increasing a long position	88	3.5540 GBP
25p ordinary	CFD	increasing a long position	89,607	3.5591 GBP
25p ordinary	CFD	increasing a long position	13,552	3.5632 GBP
25p ordinary	CFD	increasing a long position	20,217	3.5667 GBP
25p ordinary	CFD	increasing a long position	18,655	3.5667 GBP
25p ordinary	CFD	increasing a long position	2,120	3.5676 GBP
25p ordinary	CFD	increasing a long position	13,929	3.5678 GBP
25p ordinary	CFD	increasing a long position	28,050	3.5710 GBP
25p ordinary	CFD	increasing a long position	56	3.5757 GBP
25p ordinary	CFD	increasing a long position	57	3.5758 GBP
25p ordinary	CFD	increasing a long position	862	3.5758 GBP
25p ordinary	CFD	increasing a long position	498	3.5848 GBP
25p ordinary	CFD	increasing a long position	24,215	3.5857 GBP
25p ordinary	CFD	increasing a long position	1,569	3.5859 GBP
25p ordinary	CFD	increasing a long position	43,653	3.5875 GBP
25p ordinary	CFD	increasing a long position	2,876	3.5900 GBP
25p ordinary	CFD	increasing a long position	135,179	3.5911 GBP
25p ordinary	CFD	increasing a long position	39,700	3.5970 GBP
25p ordinary	CFD	increasing a long position	19,622	3.5978 GBP
25p ordinary	CFD	increasing a long position	3,244	3.5985 GBP
25p ordinary	CFD	increasing a long position	3,055	3.6000 GBP
25p ordinary	CFD	increasing a long position	3,880	3.6012 GBP
25p ordinary	CFD	increasing a long position	2,598	3.6028 GBP
25p ordinary	CFD	increasing a long position	1,712	3.6028 GBP
25p ordinary	CFD	increasing a long position	2,794	3.6052 GBP
25p ordinary	CFD	increasing a short position	48	3.5540 GBP
25p ordinary	CFD	increasing a short position	1,564	3.5540 GBP
25p ordinary	CFD	increasing a short position	5	3.5540 GBP
25p ordinary	CFD	increasing a short position	10,181	3.5540 GBP
25p ordinary	CFD	increasing a short position	3,908	3.5540 GBP
25p ordinary	CFD	increasing a short position	41,272	3.5540 GBP
25p ordinary	CFD	increasing a short position	2,782	3.5596 GBP
25p ordinary	CFD	increasing a short position	2,208	3.5596 GBP
25p ordinary	CFD	increasing a short position	930	3.5596 GBP
25p ordinary	CFD	increasing a short position	26,674	3.5670 GBP
25p ordinary	CFD	increasing a short position	1,560	3.5762 GBP
25p ordinary	CFD	increasing a short position	11,021	3.5851 GBP
25p ordinary	CFD	increasing a short position	44,975	3.5855 GBP
25p ordinary	CFD	increasing a short position	600	3.5983 GBP
25p ordinary	CFD	increasing a short position	1,402	3.6010 GBP
25p ordinary	CFD	increasing a short position	1,246	3.6017 GBP
25p ordinary	CFD	increasing a short position	175	3.6040 GBP
25p ordinary	CFD	increasing a short position	81	3.6046 GBP
25p ordinary	CFD	increasing a short position	19	3.6080 GBP
25p ordinary	CFD	reducing a long position	36,018	3.5540 GBP
25p ordinary	CFD	reducing a long position	6,684	3.5540 GBP
25p ordinary	CFD	reducing a long position	41,752	3.5540 GBP
25p ordinary	CFD	reducing a long position	1,588	3.5540 GBP
25p ordinary	CFD	reducing a long position	7,231	3.5540 GBP
25p ordinary	CFD	reducing a long position	1,624	3.5540 GBP
25p ordinary	CFD	reducing a long position	2,816	3.5541 GBP
25p ordinary	CFD	reducing a long position	100,000	3.5678 GBP
25p ordinary	CFD	reducing a long position	11,555	3.5855 GBP
25p ordinary	CFD	reducing a long position	424	3.5992 GBP
25p ordinary	CFD	reducing a long position	5,927	3.6042 GBP
25p ordinary	CFD	reducing a long position	4,557	3.6042 GBP
25p ordinary	CFD	reducing a long position	1,211	3.6144 GBP
25p ordinary	CFD	reducing a short position	52,166	3.5540 GBP
25p ordinary	CFD	reducing a short position	77	3.5540 GBP
25p ordinary	CFD	reducing a short position	1,079	3.5540 GBP
25p ordinary	CFD	reducing a short position	44,217	3.5540 GBP
25p ordinary	CFD	reducing a short position	35	3.5540 GBP
25p ordinary	CFD	reducing a short position	40	3.5540 GBP
25p ordinary	CFD	reducing a short position	15,516	3.5582 GBP
25p ordinary	CFD	reducing a short position	45,003	3.5584 GBP
25p ordinary	CFD	reducing a short position	2,602	3.5595 GBP
25p ordinary	CFD	reducing a short position	2,005	3.5692 GBP
25p ordinary	CFD	reducing a short position	697	3.5838 GBP
25p ordinary	CFD	reducing a short position	882	3.5911 GBP
25p ordinary	CFD	reducing a short position	416	3.5936 GBP
25p ordinary	CFD	reducing a short position	911	3.5936 GBP
25p ordinary	CFD	reducing a short position	44,975	3.5978 GBP
25p ordinary	CFD	reducing a short position	1,245	3.6002 GBP
25p ordinary	CFD	reducing a short position	1,997	3.6011 GBP
25p ordinary	CFD	reducing a short position	978	3.6060 GBP

(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

N/A

(ii) Exercise

Class of relevant security

Product description

e.g. call option

Exercising/ exercised against

Number of securities

Exercise price per unit

N/A

(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)

N/A

3. OTHER INFORMATION

(a) Indemnity and other dealing arrangements

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 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 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

Date of disclosure:	02 April 2026
Contact name:	Claire Gordon
Telephone number:	+44 141 245-8893

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 dealing disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

END

FERKZGGDFZMGVZM

Date	2 Apr 2026
Time	14:51:45
Category	Holding(s) in company
ID	3132Z

Date	2 Apr 2026
Time	14:51:45
Category	Holding(s) in company
ID	3132Z

t

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Form 8.5 (EPT/RI) - Replacement of British Land

Date of disclosure:

Contact name:

Telephone number:

Company Information

AI Summary

RNS Metadata

Date of disclosure:

Contact name:

Telephone number: