Form 8.3 PICTON PROPERTY INCOME LIMITED

RNS Number : 7529R

Barclays PLC

04 February 2026

FORM 8.3
PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR
MORE
Rule 8.3 of the Takeover Code (the "Code")
1.				KEY INFORMATION
(a)	Full name of discloser:				Barclays PLC.
(b)	Owner or controller of interest and short
	positions disclosed, if different from 1(a):
(c)	Name of offeror/offeree in relation to whose				PICTON PROPERTY INCOME LIMITED
	relevant securities this form relates:
(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:				03 Feb 2026
(f)	In addition to the company in 1(c) above, is the discloser making				NO
	disclosures in respect of any other party to the offer?
2.				POSITIONS OF THE PERSON MAKING THE DISCLOSURE
(a)	Interests and short positions in the relevant securities of the offeror or offeree
	to which the disclosure relates following the dealing(if any)
Class of relevant security:				Ordinary NPV
				Interests		Short Positions
				Number	(%)	Number	(%)
(1)	Relevant securities owned
	and/or controlled:			5,699,098	1.11%	599,864	0.12%
(2)	Cash-settled derivatives:
				33,606	0.01%	5,616,302	1.09%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:			0	0.00%	0	0.00%

	TOTAL:			5,732,704	1.12%	6,216,166	1.20%
(b)	Rights to subscribe for new securities (including directors and other executive
	options)
Class of relevant security in relation to
which subscription right exists
Details, including nature of the rights
concerned and relevant percentages:
3.				DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE
(a)	Purchases and sales
Class of relevant		Purchase/sale		Number of		Price per unit
security				securities
Ordinary NPV		Purchase		901,486		0.8350 GBP
Ordinary NPV		Purchase		179,195		0.8360 GBP
Ordinary NPV		Purchase		39,370		0.8358 GBP
Ordinary NPV		Purchase		25,103		0.8396 GBP
Ordinary NPV		Purchase		24,955		0.8393 GBP
Ordinary NPV		Purchase		16,001		0.8378 GBP
Ordinary NPV		Purchase		11,800		0.8356 GBP
Ordinary NPV		Purchase		11,333		0.8351 GBP
Ordinary NPV		Purchase		9,602		0.8337 GBP
Ordinary NPV		Purchase		9,353		0.8353 GBP
Ordinary NPV		Purchase		8,971		0.8332 GBP
Ordinary NPV		Purchase		7,357		0.8386 GBP
Ordinary NPV		Purchase		6,612		0.8390 GBP
Ordinary NPV		Purchase		4,768		0.8369 GBP
Ordinary NPV		Purchase		3,317		0.8370 GBP
Ordinary NPV		Purchase		3,145		0.8380 GBP
Ordinary NPV		Purchase		3,010		0.8376 GBP
Ordinary NPV		Purchase		969		0.8320 GBP
Ordinary NPV		Purchase		887		0.8400 GBP
Ordinary NPV		Purchase		667		0.8340 GBP
Ordinary NPV		Purchase		186		0.8410 GBP
Ordinary NPV		Purchase		184		0.8330 GBP
Ordinary NPV		Purchase		44		0.8310 GBP
Ordinary NPV		Sale		340,557		0.8369 GBP
Ordinary NPV		Sale		31,004		0.8334 GBP
Ordinary NPV		Sale		26,525		0.8340 GBP
Ordinary NPV		Sale		25,597		0.8350 GBP
Ordinary NPV		Sale		8,234		0.8320 GBP
Ordinary NPV		Sale		6,660		0.8390 GBP
Ordinary NPV		Sale		4,228		0.8312 GBP
Ordinary NPV		Sale		3,447		0.8375 GBP
Ordinary NPV		Sale		3,317		0.8370 GBP
Ordinary NPV		Sale		2,833		0.8310 GBP
Ordinary NPV		Sale		2,751		0.8378 GBP
Ordinary NPV		Sale		1,800		0.8343 GBP
Ordinary NPV		Sale		1,409		0.8380 GBP
Ordinary NPV		Sale		887		0.8400 GBP
Ordinary NPV		Sale		850		0.8379 GBP
Ordinary NPV		Sale		541		0.8360 GBP
Ordinary NPV		Sale		368		0.8330 GBP
Ordinary NPV		Sale		186		0.8410 GBP
Ordinary NPV		Sale		171		0.8335 GBP

(b)	Cash-settled derivative transactions
Class of		Product		Nature of dealing		Number of	Price per
relevant		description				reference	unit
security						securities
Ordinary NPV		SWAP		Decreasing Short		15,529	0.8320 GBP
Ordinary NPV		SWAP		Decreasing Short		25,858	0.8340 GBP
Ordinary NPV		SWAP		Decreasing Short		8,575	0.8350 GBP
Ordinary NPV		SWAP		Decreasing Short		19,835	0.8361 GBP
Ordinary NPV		SWAP		Decreasing Short		2,200	0.8375 GBP
Ordinary NPV		SWAP		Increasing Short		3,624	0.8306 GBP
Ordinary NPV		SWAP		Increasing Short		894,633	0.8350 GBP
Ordinary NPV		SWAP		Increasing Short		4,710	0.8358 GBP
Ordinary NPV		SWAP		Increasing Short		16,228	0.8364 GBP
Ordinary NPV		CFD		Decreasing Short		7,476	0.8350 GBP
Ordinary NPV		CFD		Decreasing Short		850	0.8379 GBP
Ordinary NPV		CFD		Increasing Short		484	0.8350 GBP
Ordinary NPV		CFD		Increasing Short		39,370	0.8358 GBP

(c)	Stock-settled derivative transactions (including options)
(i)	Writing, selling, purchasing or varying
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


(ii)	Exercise
Class of relevant		Product description		Exercising/ exercised against		Number of	Exercise price per
security						securities	unit


(d)	Other dealings (including subscribing for new securities)
Class of relevant		Nature of Dealings		Details		Price per unit (if
security						applicable)

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 person 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
Is a Supplemental Form 8 (Open Positions) attached?				NO
Date of disclosure:				04 Feb 2026
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

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