Form 8.5 (EPT/RI) - British Land Company plc, The

Morgan Stanley & Co. Int'l plc

10 April 2026

 

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:	09 April 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	975,798	3.8024 GBP	3.7550 GBP
25p ordinary	PURCHASES	965,192	3.8029 GBP	3.7570 GBP
25p ordinary	SALES	88	5.0827 USD	5.0472 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	4,251	3.7652 GBP
25p ordinary	CFD	increasing a long position	642	3.7652 GBP
25p ordinary	CFD	increasing a long position	1,735	3.7652 GBP
25p ordinary	CFD	increasing a long position	595	3.7652 GBP
25p ordinary	CFD	increasing a long position	7,267	3.7652 GBP
25p ordinary	CFD	increasing a long position	1,340	3.7700 GBP
25p ordinary	CFD	increasing a long position	22,848	3.7701 GBP
25p ordinary	CFD	increasing a long position	9,695	3.7739 GBP
25p ordinary	CFD	increasing a long position	15,301	3.7757 GBP
25p ordinary	CFD	increasing a long position	810	3.7757 GBP
25p ordinary	CFD	increasing a long position	3,552	3.7767 GBP
25p ordinary	CFD	increasing a long position	2,352	3.7767 GBP
25p ordinary	CFD	increasing a long position	524	3.7779 GBP
25p ordinary	CFD	increasing a long position	24,837	3.7797 GBP
25p ordinary	CFD	increasing a long position	2,356	3.7800 GBP
25p ordinary	CFD	increasing a long position	258	3.7806 GBP
25p ordinary	CFD	increasing a long position	5,151	3.7806 GBP
25p ordinary	CFD	increasing a long position	9,163	3.7845 GBP
25p ordinary	CFD	increasing a long position	292	3.7872 GBP
25p ordinary	CFD	increasing a long position	836	3.7872 GBP
25p ordinary	CFD	increasing a long position	6,554	3.7872 GBP
25p ordinary	CFD	increasing a long position	1,196	3.7872 GBP
25p ordinary	CFD	increasing a long position	9,121	3.7877 GBP
25p ordinary	CFD	increasing a long position	23,001	3.7900 GBP
25p ordinary	CFD	increasing a long position	27,378	3.7904 GBP
25p ordinary	CFD	increasing a long position	3,281	3.8009 GBP
25p ordinary	CFD	increasing a long position	17,422	3.8014 GBP
25p ordinary	CFD	increasing a long position	17	3.8018 GBP
25p ordinary	CFD	increasing a long position	2,447	3.8020 GBP
25p ordinary	CFD	increasing a long position	4,324	3.8020 GBP
25p ordinary	CFD	increasing a long position	9	3.8022 GBP
25p ordinary	CFD	increasing a short position	2,075	3.7585 GBP
25p ordinary	CFD	increasing a short position	681	3.7590 GBP
25p ordinary	CFD	increasing a short position	2,665	3.7635 GBP
25p ordinary	CFD	increasing a short position	20,942	3.7648 GBP
25p ordinary	CFD	increasing a short position	4,600	3.7662 GBP
25p ordinary	CFD	increasing a short position	1,400	3.7685 GBP
25p ordinary	CFD	increasing a short position	929	3.7707 GBP
25p ordinary	CFD	increasing a short position	1,574	3.7740 GBP
25p ordinary	CFD	increasing a short position	3,422	3.7750 GBP
25p ordinary	CFD	increasing a short position	5,445	3.7760 GBP
25p ordinary	CFD	increasing a short position	1,204	3.7786 GBP
25p ordinary	CFD	increasing a short position	1,558	3.7793 GBP
25p ordinary	CFD	increasing a short position	77,150	3.7930 GBP
25p ordinary	CFD	increasing a short position	27,325	3.7941 GBP
25p ordinary	CFD	increasing a short position	6,004	3.7946 GBP
25p ordinary	CFD	increasing a short position	49,409	3.7948 GBP
25p ordinary	CFD	increasing a short position	2,007	3.7997 GBP
25p ordinary	CFD	increasing a short position	1	3.8020 GBP
25p ordinary	CFD	increasing a short position	596,717	3.8020 GBP
25p ordinary	CFD	increasing a short position	585	3.8020 GBP
25p ordinary	CFD	increasing a short position	54	3.8022 GBP
25p ordinary	CFD	reducing a long position	7,688	3.7734 GBP
25p ordinary	CFD	reducing a long position	20,275	3.7740 GBP
25p ordinary	CFD	reducing a long position	1,643	3.7757 GBP
25p ordinary	CFD	reducing a long position	304	3.7773 GBP
25p ordinary	CFD	reducing a long position	162	3.7773 GBP
25p ordinary	CFD	reducing a long position	3,679	3.7784 GBP
25p ordinary	CFD	reducing a long position	2,228	3.7788 GBP
25p ordinary	CFD	reducing a long position	1,156	3.7809 GBP
25p ordinary	CFD	reducing a long position	4,340	3.7812 GBP
25p ordinary	CFD	reducing a long position	22,229	3.7848 GBP
25p ordinary	CFD	reducing a long position	98	3.7906 GBP
25p ordinary	CFD	reducing a long position	26	3.7906 GBP
25p ordinary	CFD	reducing a long position	1,592	3.7906 GBP
25p ordinary	CFD	reducing a long position	282	3.7906 GBP
25p ordinary	CFD	reducing a long position	378	3.7907 GBP
25p ordinary	CFD	reducing a long position	915	3.8014 GBP
25p ordinary	CFD	reducing a long position	620	3.8020 GBP
25p ordinary	CFD	reducing a long position	1	3.8020 GBP
25p ordinary	CFD	reducing a long position	9,955	3.8021 GBP
25p ordinary	CFD	reducing a long position	5,227	3.8029 GBP
25p ordinary	CFD	reducing a short position	126	3.7648 GBP
25p ordinary	CFD	reducing a short position	276	3.7648 GBP
25p ordinary	CFD	reducing a short position	1,393	3.7730 GBP
25p ordinary	CFD	reducing a short position	21,281	3.7739 GBP
25p ordinary	CFD	reducing a short position	4	3.7758 GBP
25p ordinary	CFD	reducing a short position	252	3.7760 GBP
25p ordinary	CFD	reducing a short position	27	3.7796 GBP
25p ordinary	CFD	reducing a short position	1,574	3.7797 GBP
25p ordinary	CFD	reducing a short position	401	3.7800 GBP
25p ordinary	CFD	reducing a short position	183	3.7800 GBP
25p ordinary	CFD	reducing a short position	88	3.7832 GBP
25p ordinary	CFD	reducing a short position	34,412	3.7847 GBP
25p ordinary	CFD	reducing a short position	3,802	3.7850 GBP
25p ordinary	CFD	reducing a short position	119	3.7852 GBP
25p ordinary	CFD	reducing a short position	2,289	3.7857 GBP
25p ordinary	CFD	reducing a short position	52,680	3.7870 GBP
25p ordinary	CFD	reducing a short position	1,188	3.7883 GBP
25p ordinary	CFD	reducing a short position	4,095	3.7892 GBP
25p ordinary	CFD	reducing a short position	26,841	3.7930 GBP
25p ordinary	CFD	reducing a short position	11,696	3.7930 GBP
25p ordinary	CFD	reducing a short position	154,153	3.7940 GBP
25p ordinary	CFD	reducing a short position	1,272	3.7959 GBP
25p ordinary	CFD	reducing a short position	1,786	3.7989 GBP
25p ordinary	CFD	reducing a short position	1,460	3.7989 GBP
25p ordinary	CFD	reducing a short position	665	3.7989 GBP
25p ordinary	CFD	reducing a short position	414	3.8020 GBP
25p ordinary	CFD	reducing a short position	26,736	3.8020 GBP
25p ordinary	CFD	reducing a short position	65,696	3.8020 GBP
25p ordinary	CFD	reducing a short position	54	3.8020 GBP
25p ordinary	CFD	reducing a short position	34,596	3.8020 GBP
25p ordinary	CFD	reducing a short position	31,136	3.8020 GBP

(c)        Stock-settled derivative transactions (including options)

(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	N/A	N/A	N/A	N/A	N/A	N/A	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	N/A	N/A	N/A	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	N/A	N/A	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:	10 April 2026
Contact name:	Claire Gordon
Telephone number:	[phone]

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 [phone].

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

 

END