24 April 2025

Publication of Scheme Document and updated valuation for LondonMetric Property Plc ("LondonMetric")

In respect of LondonMetric's recommended all-share acquisition of Highcroft investments PLC (the "Acquisition"), LondonMetric announces that the Scheme Document has been published today and is available at https://www.londonmetric.com/investors/acquisition-highcroft.

The Scheme Document contains LondonMetric's updated portfolio valuation as at 31 March 2025 of £6.2 billion (30 September 2024: £6.2 billion) which reflects net divestment activity and a positive valuation movement over the second half of the financial year.

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Important Notices

Peel Hunt LLP ("Peel Hunt"), which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting exclusively for LondonMetric and for no one else in connection with the matters referred to in this announcement and the Scheme Document and will not be responsible to any person other than LondonMetric for providing the protections afforded to clients of Peel Hunt, nor for providing advice in relation to the matters referred to herein. Neither Peel Hunt nor any of its affiliates owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) to any person who is not a client of Peel Hunt in connection with the matters referred to in this announcement, the Scheme Document or otherwise.

This announcement is not for release, publication or distribution, in whole or in part, directly or indirectly in, into or from the United States or any other jurisdiction where to do so would constitute a violation of the relevant laws or regulations of such jurisdiction.

This announcement is for information purposes only and is not intended to and does not constitute, or form part of, an offer to sell or an invitation to purchase any securities or a solicitation of an offer to buy, otherwise acquire, subscribe for, sell or otherwise dispose of any securities, or the solicitation of any vote or approval in any jurisdiction, pursuant to the Acquisition or otherwise, nor shall there be any purchase, sale, issuance, transfer or exchange of securities or such solicitation pursuant to the Acquisition or otherwise in any jurisdiction in which such offer, invitation, solicitation, purchase, sale, issuance or exchange is unlawful.

The statements contained in this announcement are made as at the date of this announcement, and unless some other time is specified in relation to them, the release of this announcement shall not give rise to any implication that there has been no change in the facts set out in this announcement since such date.