| FORM 8.5 (EPT/NON-RI) |
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| PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN |
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| EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS |
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| (OR WHERE RI STATUS IS NOT APPLICABLE) |
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| Rule 8.5 of the Takeover Code (the "Code") |
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| 1. | KEY INFORMATION | ||||||||||||||||||
| (a) | Name of exempt principal trader: | | BARCLAYS CAPITAL SECURITIES LTD | ||||||||||||||||
| (b) | Name of offeror/offeree in relation to whose | LXI REIT PLC | |||||||||||||||||
| | relevant securities this form relates: | ||||||||||||||||||
| (c) | Name of the party to the offer with which exempt | LXi REIT plc | |||||||||||||||||
| | principal trader is connected | | |||||||||||||||||
| (d) | Date position held/dealing undertaken: | 25 May 2022 | |||||||||||||||||
| (e) | In addition to the company in 1(b) above, is the exempt principal | YES: |
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| | trader making disclosures in respect of any other party to the offer? | SECURE INCOME REIT PLC | |||||||||||||||||
| 2. | POSITIONS OF THE EXEMPT PRINCIPAL TRADER |
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| (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) |
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| Class of relevant security: | 1p ordinary | | |
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| | Interests | Short Positions |
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| | Number | (%) | Number | (%) |
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| (1) | Relevant securities owned | | | | |
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| | and/or controlled: | 5,289,607 | 0.58% | 2,201,556 | 0.24% |
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| (2) | Cash-settled derivatives: | | | | |
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| | | | 5,928,942 | 0.65% | 3,790,890 | 0.42% |
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| (3) | Stock-settled derivatives (including options) | | | | |
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| | and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% |
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| | TOTAL: | | 11,218,549 | 1.23% | 5,992,446 | 0.66% |
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| (b) | Rights to subscribe for new securities (including directors and other executive |
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| options) |
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| Class of relevant security in relation to | |
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| which subscription right exists | |
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| Details, including nature of the rights | |
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| concerned and relevant percentages: |
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| 3. | DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER | ||||||
| (a) | Purchases and sales | | | | |||
| Class of relevant | | Purchase/sale | | Total number of | | Highest price per unit | Lowest price per unit |
| security | | | | securities | | paid/received | paid/received |
| 1p ordinary | Purchase | 416,266 | 1.4540 GBP | 1.436 GBP | |||
| 1p ordinary | Sale | 746,879 | 1.4509 GBP | 1.436 GBP | |||
| (b) | Cash-settled derivative transactions | | |||||
| Class of | | Product | | Nature of dealing | | Number of | Price per |
| relevant | | description | | | | reference | unit |
| security | | | | | | securities | |
| 1p ordinary | SWAP | Decreasing Long | 42 | 1.4381 GBP | |||
| 1p ordinary | SWAP | Decreasing Long | 2,788 | 1.4421 GBP | |||
| 1p ordinary | SWAP | Decreasing Long | 11,012 | 1.4500 GBP | |||
| 1p ordinary | SWAP | Decreasing Long | 16,474 | 1.4469 GBP | |||
| 1p ordinary | SWAP | Decreasing Long | 41,958 | 1.4463 GBP | |||
| 1p ordinary | SWAP | Decreasing Short | 300 | 1.4540 GBP | |||
| 1p ordinary | CFD | Decreasing Short | 3,606 | 1.4481 GBP | |||
| 1p ordinary | CFD | Decreasing Short | 12,672 | 1.4465 GBP | |||
| 1p ordinary | CFD | Decreasing Short | 13,159 | 1.4389 GBP | |||
| 1p ordinary | CFD | Decreasing Short | 23,247 | 1.4416 GBP | |||
| 1p ordinary | CFD | Decreasing Short | 34,451 | 1.4504 GBP | |||
| 1p ordinary | SWAP | Decreasing Short | 52,669 | 1.4441 GBP | |||
| 1p ordinary | SWAP | Increasing Long | 232 | 1.4476 GBP | |||
| 1p ordinary | SWAP | Increasing Long | 261 | 1.4467 GBP | |||
| 1p ordinary | SWAP | Increasing Long | 1,174 | 1.4460 GBP | |||
| 1p ordinary | SWAP | Increasing Long | 1,542 | 1.4400 GBP | |||
| 1p ordinary | SWAP | Increasing Long | 3,156 | 1.4485 GBP | |||
| 1p ordinary | SWAP | Increasing Long | 3,524 | 1.4464 GBP | |||
| 1p ordinary | SWAP | Increasing Long | 4,253 | 1.4436 GBP | |||
| 1p ordinary | SWAP | Increasing Long | 8,234 | 1.4454 GBP | |||
| 1p ordinary | SWAP | Increasing Long | 12,271 | 1.4451 GBP | |||
| 1p ordinary | SWAP | Increasing Long | 12,516 | 1.4437 GBP | |||
| 1p ordinary | SWAP | Increasing Long | 14,692 | 1.4444 GBP | |||
| 1p ordinary | SWAP | Increasing Long | 17,424 | 1.4409 GBP | |||
| 1p ordinary | SWAP | Increasing Long | 18,399 | 1.4444 GBP | |||
| 1p ordinary | SWAP | Increasing Long | 21,111 | 1.4500 GBP | |||
| 1p ordinary | SWAP | Increasing Long | 29,584 | 1.4424 GBP | |||
| 1p ordinary | SWAP | Increasing Long | 36,355 | 1.4436 GBP | |||
| 1p ordinary | SWAP | Increasing Long | 41,165 | 1.4464 GBP | |||
| 1p ordinary | SWAP | Increasing Long | 44,566 | 1.4450 GBP | |||
| 1p ordinary | SWAP | Increasing Long | 52,669 | 1.4441 GBP | |||
| 1p ordinary | SWAP | Increasing Long | 72,313 | 1.4429 GBP | |||
| 1p ordinary | SWAP | Increasing Long | 105,957 | 1.4423 GBP | |||
| 1p ordinary | SWAP | Increasing Short | 300 | 1.4540 GBP | |||
| (c) | Stock-settled derivative transactions (including options) | ||||||
| (i) | Writing, selling, purchasing or varying |
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| Class | Product | Writing, | Number | Exercise | Type | Expiry | Option |
| of | description | purchasing, | of | price | | date | money |
| relevant | | selling, | securities | per unit | | | paid/ |
| security | | varying etc | to which | | | | received |
| | | | option | | | | per unit |
| | | | relates | | | | |
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| (ii) | Exercising |
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| Class of relevant | Product description | Exercising/ exercised against | Number of | Exercise price per | |||
| security | | | | securities | unit | ||
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| (d) | Other dealings (including subscribing for new securities) | ||||||
| Class of relevant | | Nature of Dealings | | Details | Price per unit (if | | |
| security | | | | applicable) | | ||
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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, | |||||||
| 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: | |||||||
| 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 of future acquisition or disposal of any relevant securities to which | |||||||
| any derivative is referenced: | | | | ||||
| NONE | |||||||
| (c) | Attachments |
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| Is a Supplemental Form 8 (Open Positions) attached? | NO | ||||||
| Date of disclosure: | 26 May 2022 | | | | |||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | | | ||||
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